Evening Star Newspaper, February 6, 1933, Page 14

A COLLECTIONS SHOW | IMPROVED STATUS Six Cities Listed as “Good” in Credit Associat'on Survey. BY EDWARD C. STONE. Despite seasonal tendencies which would tend to bring a downturn in con- ditiors, the monthly survey of credit and collections conditions throughout the country, the Nationa] Association of Oredit Men reveals a heartening up- swing in the current analysis released ¥ ngton office today. on reports from 110 rs throughout the l.‘a-; ed as “good” in| y as con- Lest month | Fort Werth, | roll, but this | oth have gone back to “fair”| listings. The six cities in the “good list this time are Bridegpert, Conn.; Belse, Idaho; South Bend, Ind.; Balti- more, Md.; Wichita Falls, Tex, and uincy, Il Q!n the sales reports Wichita Falls was the sele city noting “good” sales. It replates Boise, which was alone in this Classification last month. The extent <f the upturn is indicated even more in the fact that cities report “fair ccllections, was true in siioW a drop in g through- | cout' the cc . but s is in line with | expeclati'n’ use cf the usual post- holiday trade conditicns. ".New Title Office Manager. -The New York Title & Mortgage Co., with ‘offices in the Shoreham Building, announces that C. H. Bonnin, assistant vice president, of the New York office, will assume charge of the company’s branch office. Mr. Bonnin succeeds A. W. Hoover, assistant vice president, who came to the “Washington branch from Miami, Fla.. Mr. Hoover is returning to the Miami office of his company. Mr. Bonnin is a native of Wisconsin. After several years in the title field in his_home State he became associated WILI ‘the nationzl department of the Now York Title & Mortgage Co. in 1926. He hes had wide experience with the title company. ) Paul J. Murphy and Martin J. Quig- ley, already wel known to Washing- tcnians, will continue in their official capacifies as title officer and settlement elerk. The outstanding change in the finan- clal situation in January, says the Guaranty Trust Co’s review, was the reduction in the Federal Reserve banks’ holdings of Government securities, | which™ had remained virtually un- changed since last August. During the three weeks ended January 25, hold- ings of these securities were reduced by $88,000,080. This action is not re- garded as marking a change in the easy-money policy of the Reserve banks but merely as an offset to the expan- sion of member banks’ reserves due to, gold imports and to the retirement of Federal Reserve notes. During the last six months several hundred million dollars in gold has been received from abroad and deposited in the Federal Reserve banks for credit of member banks. At the same time, money has been gradually coming out of hoarding and has been redeposited in banks, which, in turn, have deposited it with the Reserve banks in order to build up their reserve balances. Thus the reserve balances of member banks have increased - rapidly and are now far above the legal requirements. The natural procedure is for the Federal Reserve banks to dispose of Govern- ment securities that are no longer needed - to- support member bank re- E iber banks continue to report an increase in deposits, together with a decrease in loans. To some extent this gain in deposits is due to gold receipts and'to some extent it reflects a gradual of confidence in the banks that Tésulted m a return flow of money formerly withdrawn and hoarded, the Review adds. +Today's D. C. Exchange Trading. "The new Washington Gas Light 5s, 1958, recorded two $1,000 sales on the ‘Washington Stock Exchange today, at 93. This is the first time the new nds_have sold under 944, the price which they were originally offered. ‘Washihgton Gas 5s, 1960, figured in a St,OOD sale at 106%3, an unusually strong price for a 5 per cent issue. Potomac Electric Power 5> per cent preferred stock moved at 10712, while the corporation’s 6 per cent preferred Ctxgng,ed hands at 110%. iSecretary of the Treasury Mills an- nbunces final subscription and allot- | ment figures with respect to the Feb- ruary 1 offering of 25 per cent Treas- ury notes of series A-1938, maturing February 1, 1938, as follows: Total cash subscriptions received (gllotted on a graduated scale), $7,- 698,922,700; total exchange subscrip- i tlons received (allotted 62 per cent), $§23,920,900; total subscriptions re- ceived 02,843,600; and total sub- s¢riptions allotted, $277,516,600. The latter figure includes $76,852,000 allotted on $123,920,900 exchange subscriptions. The' subscriptions were much larger than the bidders wanted, in the opinion of Secretary Mills, who states that ac- tion may have to be taken to prevent these »immense oversubscriptions for new isdues. The subscriptions are padd- | ed'so that, after the requests have been greatly scaled down, the ders will | still get as many of the new notes as! they want. = Heard in Financial District. E. L. Geasey of House & Herrmann, | Jocal furniture dealer, has been elected | a director in Century Furniture Asso- ciates, Incorporated, New York, accord- ing to Paul W. Hake, manager. The organization is made up of 33 member store executives and buyers. The aim of-the organization is an exchange of ideas on policy, merchandising, adver- tising and manship. YLewis E. Waring, a partner of Clarke, Childs & Kecch, has been elected to the directorate of First Commonstocks | Corporation. Mr. Waring is_connected | with the brokerage firm's New York | offfce. H v aid, partner in W. B. Hibbs » has been turning in some brilliant golf scores at St. Augustine Fla, for t past two weeks, is ex- pected back in Washington this week. B. L. Colton, trust officer of the Dis- tict National Bank, is planning to at- tend the National Trust Conference in New York next week, the meeting being sponscred by the American Bankers' Association Al ican Stores Co. has notified the New York Stock Exchange of a pro- d reduction in authorized commen to 1,500,000 shares from 1,800,000 New York bank ‘stocks were some- what lower last week, following the example of most of the security issues e New York Stock Exchange. Several thousand local holders of American Telephone stock are await- ing the coming dividend action with keen personal concern. SILVER QUOTATIONS. NEW YORK, February 6 (#).—Bar silver steady, unchanged at 25%. o : POTATO MARKET. 'CHICAGO, February 6 (#) (United | States Department of Agriculture).— Fotatoes, receipts, 60 cars; on track, 113; total U. S. shipments Saturday, 622; Sunday, 44; slightly stronger, de- md moderate; supplies moderate; onsin round whites, 70a75; mostly, 70a72!%; unclassified, 63a65; Michigan Russet Rurals, few sales, 67%4870; Jdbho Russets, 1.15a1.25. roda; Stock and Dividend Rate. bl 4% Adams Ex 10% 6% Addressegrap! 2% 2 Acv Rumley.... 1015 9% AMilintes Prod 1K0.. €415 56% Air Reduction (3). 13% 114 Alaska Juneau(60c). 1% 1 Alieghany Corp.. 89% 8014 Aliled Chem & D (& 1217 1187 Allied Chem pf (7). 6% Allis-Chalmers Mfg. 20 Amerada Corp (2)... 8 Am Ag Chem (Del) 10% Am Bank Note...... 38 Am Bank Note pf (3) 1 Am Beet Sugar. . 2% Am Beet Sugar pf. 10 Am Brake Sh&F (60c 54 Am Can (4). 6% Am Car & Foi 161 Am Car&Foundry pf. 36% Am Chicle (13)... 19 Am Comc'l Alcohol. 5% Am & Foreign Pwr. . T4 Am&Forgn Pw pf(6) 9% 2m & For Pwr pf (7). €% Am & For Pwr 2d pf. £% Am Hide & Leather. . 36% Am Home Prod 4.20 4% Am Ice Co. 6% Am International. 5% Am Locomotive.. ... 175 Am Locomotive pf.. 11% Am Mach&Fdy (80c). 17 Am News (1%)...... 1 5% Am Fower & Light.. 15 AmP&LtpfA (2%). 15% Am Pwr&Ltpf (3). 17 6% Am Radiator........ 155 7% Am Rolling Mills. 45 11% Am Sm & Ref. .. . 121 20 Am Sm & Ref 6% pf. 10 5% Am Steel Foundryv. .. 25 40 Am Steel F; f (2).. 90s 31% Am ores (12%)... 7 213 Am Suzar (2). . - 14 80 Am Sugarnf(7)... 6 6'2 Am Sumatra Tob. 99% Am Tel & Tel (9). 65% 55% Am Tobacco (B) 117 113% Am Tobacco pf (6).. 19% 14% Am Water Works(1). 5% 4 Am Woolen..... 8% 6% Anaconda Copper. 10% 9 Anchor Cap (60c)... 62% Anchor Cap pf (6%). 1% Armour of I11 (A)... 715 Armour of I11 pt, 51% Artloom pf. . 46% 66 597 Atehison pf (5). 23% 17% Atlantic Coast Lin 17% 15% Atlantic Refininz(1) 56'a 40 Auburn Auto (d4)... 7% 5% Avation Corp (DeD).. 676 6% Baldwin Locomot... 44 15% Baldwin Locomot pf. 670s 11% Baltimore & Ohfo. ... 448 Bamberger pf (6%). 6708 Bangor & Arostk(2). 5 Barker Bros pf. . 40s Barnsdal! Corp. 75 Beatrice Creamery.. 11 Beatrice Crm pf (7). 10 Belg N Ry pt pf 4.09. 5 Bendix Aviation. . 176 Best & Co..... 34 Bethlehem Steel 50 Bethlehem Steel 16 Boan Alumn & Bra 95 Borden Co (1.60) Borg Warner Briges Mfz Co . Bkyn Manhat Tran.. Bklyn Man Tr pf (6). Bklyn Union Gas(5). Brunswick-Balke. ... Bruns Term & Rwys. Budd (EG) Mfg.... Budd (EG) Mfgpf.. Budd Wheel. . Burns Bros pf. Burroughs AM(40¢). Bush Terminal pf(7) 210s Bvers (A M) . 33 2} Calumet & Hecla.... 35 8% Canada Dry G A(1).. 10% Canaian Pacific. ... 5% Capital Admin (A).. 39% Case (J I) Co 6% Caterpillar Trae 50c. 615 Celanese Corp. 57% Cerro de Pasco. 26% Ches & Ohlo (2%4)... 1474 Chesapeake Corp (2) 575 % Chi & Eastern Il pf. 1 2% Chi Great Western. . 8 1% Chi Mi] StP & Pac... 2 Chi Mil StP & Pac pf 3% Chi & Northwestern. 2% Chi Pneumatic Tool. 5% Chi R | & Pac 6% pf. 5% Chi R1& Pac7% pf. 3 64 Chi Yellow Cab (1).. 108 11% Chrysler Corp (1)... 751 11 City Ice & Fuel (2).. 2 49 City Ice&Fuel pf 6% 260s 10 Cluett-Peabody (1).. 1 731 Coca-Cola Co (T).... 19 11 Colgate-Palm-P (1). 21 66 Colg-Palm-Ppf (6).. 28 13% Columbia Gas (b1).. 583 68 ColumbGaspfA (§) 13 914 Columbia Pic ctfs. .. 27% Columb Carbon (2).. 4% Commercial Credit. . 723% Comcl Cred 1st(6%). 3508 184 Comcl Inv Trust (2). 143 Comcl Inv ev pf(e6). 80 Comecl Solv (60c). 303 4 Comwlth & Southn.. 251 Comwlth & Sou pf(6) 38 Congol-Nairn (§0e) . 42 Consol Cer pr uf 615. 2008 Consol Cigars pf(7). 30s Consol Film........ Consol Film pf . 80 Consol Gas N Y (4).. 1689 Consol Gas NY pf(5) Consol Laund 50¢ Cnnsol Oil Corp Consol Textile Cont] Baking (B). Contl Baking pf (4 Contl Can (2)... Contl Diamond Fibre Contl Insur (1.20)... Cont’l Motors. ...... Contl Ol (Del). Corn Products (3) Corn Prod pf () Coty. Inc. . Creum of W 2 Crown Cork & Seal. . Crucible Steel pf Curtis Publishing. .. Curtis Publish pf(7). 2% Curtiss-Wright (A). 31 Davega Stores Davison Chemic: Delaware & Hudson. 5 Del Lack & Westn Denver & R G W pf. Detrolt Edison (6).. Diamond Match (1). 19 Diamond Mach pf1% 5 Dome Mines (11.30). 483 Dresser Mfg (A).... 1 Dresser (SR)M{g(B) Drug, Inc (3). : Dupont de Nem Dupont deN db pf (6 Eastman Kodak (3). 5% Eaton Mfg Co. . 7 17% Elec Auto-L (1.20). 1 Electric Boat... 1% Elec & Musical Ins 51 Blec Pwr & Lt 14% Elec Pwr&Lt pf 2. 29% Endicott-Johnson(3) ing Pub Sve pf (6).. qui Office Bldg 13 . RS e io ka Va Cleaner. ns Auto Prod. .. 3% Fairbanks-Morse. ... % Fashion Park Asso 3% Fashion Park As pf 135 Federal Mot Truck. . 215 Fed Water Service A. 16% Fidelity-Phoen 1.20. §1 First Nat Strs (2%). Foster Wheeler pf(7) 4 Foundation Co...... 18% Fourth Nat Inv 1.10 1% Fox Film (A) 12 Franklin Smn . 22 Freeport-Texas (2).. 11's 9 _Fuller Coprpf. 15 9 6% Gamewell Co. . 4 2% Gen Am Investor: 19% 16% Gen Am Tank Car(1) 7% 6% Gen Asphalt 14% 13 Gen Baking 3% 2% Gen Bronze 1%+« 114 Gen Cable 3% 31 Gen Cable (A). 33 29 GenCigar (§)....... 16% 13% Gen Eleetric (4! . 630 12 38 11% Gen Elec spee (§0¢) .. NOTE—T ’s individ; Sales of cxch siock In this cailion re. from ~Prev. 1033 High. Low. 18% 6% 814 12% 21 6 40'% 341, 2419 821 6'a 5% 12% 11 72 26 9 3 9% 48 634 9 9% 14% 31 % 13% 11% 2% 18% % 121 11% 11 8% 11% 674 14% 69% 22% 9514 10% 2% 37 52 5 4 51% 25 2% 675 18% 4 15% T 314 15 100 82 57 1% . 11% v . Low. Close. Cl % 3914 394 4 16% 1% 5% 5314 137% 4 26% 14% 174 % 915 397 P44 1411 ) ) el 27 120 115 o+ + oFLHI+ & BEexs P41 ++ EREERS L4+ ++ FEFEPFEESEF | 44 ~Prev. 1933— Low. 22% Gen Foods (2)...... Gen Gas & Blec (A).. 1 10% 3815 12 2% 35 13 69% 1% 35 16 71% K] 9% 5% 14 4 10 1% 30 12 1% 5 31 17 7 1 26% 11% 45% 1% 8715 505 3l 145 5% 12% ey 2% 28% 23% 31y 4 2 2% edition Stock and Dividend Rate. Gen G&EI pf A (87). Gen Mills (3)... Gen Motors (1). Gen Motors pf (5) Gen Printing Ink. 4 Gen Ry Signal (1) Gen Ry Signal pf ( Gen Realty & Util... Gen Refractories. Gillette Saf Raz (1). Gillette Saf R pf (5). Gimbel Bros. Gimbel Bros pf Glidden Co. . Gold Dust (1.20) Goodrich (BF), Goodrich (BF) p Goodyear Tire&Rub. Goodyear 1st pf (7).. Gotham Silk Hosiery Graham-Paige. . Grand Union . Grand Union pf (3).. Grant (WT) (1).... Great Northern pf... Great West Sug..... Grigsby Gruno c Hacken Watpf A 1% Hahn Dept Stores pf. Hanna pf (7) Hayes Body. He’cules Pow Hershey Choc (5). Holland Furnace. ... Homestake Min (9).. Houdaille-Hersh(A) Hudson Motor Car Hupp Motors. Iilinols Central Industrial Rayon (2) crsoll-Rand (1% ) ransh Del(15¢). Interboro Rap Trans Intercont] Rubber. .. Interlake Iron. ...... Int Agriculture pf, Int Bus Mach (6). Int Carriers Ltd 20c.. 5% 1215 28% _18% 104 % 1 % b b 5% A% 32 30 10% 8% 10% 8% 18% 165 341 28% 4% 10% 4T% A1 18% 171 6% 5% 62 50 63% 51% 16 15 147% 12 21% 15% 561 51 3% 2% ey 1315 11% 29% 214 10% 9% e 6 1% 21 5% 23% 18% b1 44 20% 15% 35% 254 ™ 10% 11% Int Harvester (1.20). Int Harvester pf (7). Int Hydro-Elec (A).. Int Nickel of Can.... Int Paper pf... Int Paper & Pwr (C). Int Printg Ink pf (8). Int Tele & Teleg. . ... Island Creek Coal(2) Johns-Manville. ... Kansas City Southn Kelly-Spring ctfs. Kelsey-Hayes Wheel Kelvinator Corp. ... Kendall Co pf (). Kennecott Copper... Krasge (SS) Co (1).. Krozer Grocery (1).. Lambert Co (4)..... Lehigh Valley RR.. Lehman Corp (2.40). Lehn & Fink (2)..... Libbey Owens Glass. Liggett & Myers(15) Lizg & Myers B (15). Lily Tulip,Cup (1%) Liquid Carbaniec. ... Loew’s, Inc (3). Loew's Inc pf (6%). Loft Inc. ... e Loose-Wiles Bis (2). Loose-Wiles 1st (7). Lorillard (P) (1.20). Louisville & Nash. .. McAndrew, Forbs(1). McCrory Stores. ... McCrory Stores B... McCrory Stores pf McIntyre P M(t1%) McKeesport T P (4). Mack Trucks (1).... Macy (RH) & Co (2) Magma Copper (50c) Manhat Elev mod gtd Marine Midid (80c).. 4 Market St Ry pr pf.. Mazmon Motor Car. . Marshall Field & Co. Mathieson Alk (1%). May Dept Stores (1), Minn Moline Pow. Mo Kan & Texas. ... Mo Kan & Texas pf.. Missour! Pacific pt.. Mohawk Carpet. ... Monsanto Chem 1% ., Montgomerv Ward. . Mother Lode Motor Products. 4 Munsingwear Inc. 3% 8% 15% 13% 19% 13 36 Murray Corp,....... Myer (F E) & Bro(1) Nash Motors (1) Nash Chat & St L.... Nat B.scult (2.80)... Nat Biscuit pf (7)... Nat Cash Reg (A)... % Nat Dairy Prod (2).. Nat Dept Stores. ... Nat Dept Strs 1st pf. Nat Distillers 4 Natl Dist prpf (24). Nat Lead pf A (7). Nat Pwr & Lt (1). Nat Steel (50c) Nat Surety. . Nat Tea (60c). NY Air Brake. . %« NY Central N Y Investor: N Y N H & Hartford. 4 NYNH & Hart pf.. N Y Ont & Western. . % N Y Shipbullding. N Y Shipbldg pf (1). N Y Steam pf (6) Noranda Min (a1 4 North Am Aviation. . 24% 13 1% 5% 1% 1% 1% 134 10% a3 10% 7 37 33% 31% 28% 43% 36% 2% 12% 1% % 3114 27% 1 19% 9 5% 5% Nor Amer(b10%stk) Northern Pacific Norwalk Tire & Ru Ohio OIl. . . Oliver Farm Eqwip. . Omnibus Corp. ... Orpheum Circuit pf. Otis Elevator (1) Otis Steel Otts Steel prpf...... Owens 111 Glass (2).. Pacific Gas & El (2). Pacific Lizhting (3). Fackard Motor Car.. Pan-Am Pet B (80c). Paramount Publix Park Utah. ... . Pathe Exchange. Penick & Ford (1) s Penney (J C) (1.80). Pern Dixie Cement. . Penna RR (k§0¢).... Pere Marquette pr pf Petrol Corp of Am. .. Phelps Dodge. ... Phila & Read C& 1 Philip Morris&Co( Phillips-Jones Co. Phillips Petroleum. Phoenix Hoslery 4 Pleres O11. . Pierce Petroleum. Pitts United Corp. Plymouth Ofl (1).... Port Ric Am Tob(A). Port Ric Am Tob(B). Pressed Steel Car pf. Proctor & Gam(1%). Proc & Gamb pf (5). % Public Sve N J(3.20) 21 15% 4% 6 3% 81y 6% 15% 13% + 1 116 112 .38 Public Sve NJ pf (5). Public Sve NJ pf (6). Pub'ie Sve NJ pf (1), T ullman Corp (3). Pure Ol Purity Bakeries (1 Radito Corp. Radio Corp pf B. Radic-Keith-Orph Remineton-Rand. Rem Rand 2d pf. Reo Motor Car Republic Steel. Reynolds Tob B (3). Rossia Ins of Amer.. Roval Dutch. B Safeway Stores (3).. Safeway Strs nf (7). St Joseph Lead Schulte Retall Stores Seaboard O1] Del 40e. Sears Roebuck Servel Inc. Sharp & Dohme. Sharp &Dohme pf Shell Transport & Tr Shell Union 011 Simmons Co. . Skelly Oil. ... 5 Sloss-Sheff Steel pf. Socony Vacuum 40c. So Port Ric Sug 1.60. So Port Ric S pf(8).. 2 241 Southern Cal Bd(3).. . 88 Net. Low. Close. Chge. 2 2 1o+t 0 RESLE PR g RS S T+ + Pl +++4++ EEERERER ERR NOTE—Today's individual sales are not given in this edition. Sales of each stock in this ‘are from yesierdas's paper. Add 00. High. . 202 28% - 1% — % 39% — % + % -1 - % — 1 +2% + 4 -1 EEFEF EF P Fee"2 Pz FEFER F FFES = NOTE—Today’s individual sales are not given in this edition. ‘of each stock In his edition are from Stockand Sales— .~ Dividend Rate. 15 € Southern Pacific..... 137 4% Southern Raflway... 159 5% Southern Railway pf 40 + Standard Brands (1). 170 Stand Brands pf (7). Stand Gas&El (1.20). 129 Stand Gas&El pf (4). 3 d Ol Calif (2).. % Stand Oil Exp pf (5). Stand Oil Kansas % Stand Ol N J (1) Sterling Secur pf. Stewart Warner. Stone & Webster. Studebaker Corp. Studebaker pf. SunoOfl (1).. 92 Sun Oll pf (6). . 7% Superheater Co(50e) . % Superlor Ofl........ Sweets Co of Am 9% 8% Telautograph (1). 14% 12% Texas Corp (1)...... 25 22 Tex Guilf Sulph (2).. 5% 4% Tex Pacific Land Tr. 1% 1% Thermoid Co........ 16's 144 Third Nat Inv (90c). 8% 8% Thompson (JR) (1). 3% 3% Tide Water Asso Ofl. 44'% 41' Tide Water As pf (6) 16% 14% Timken Roller Bg(1) 6 Transamerica Corp. . 4% 3% Tri-Contl Corp...... 59 55 Tri-Contl Corp pf(6). 20% Trico Products(2%). 315 Truscon Steel 11% Und-Ell-Fisher(50c) 51 Union Bag & Paper. . 24% Un Carbide & C(1.20) 69% Union Pacific (6).... 63 Union Pacific pf ( 11% Un Tank Car (140).. 22% Unit Afreraft. . Unit Am Bosch 151 Umit Biscuit (2). 124 17nit Carbon. s Unit Clgar Stores 3% Unit Cigar Store pf.. % Unit Corp (40¢). Unit Corp pf (3). Unit Fruit (2). 4 Unit Gas&Im (1.20).. Unit Gas&Im pt (5).. U S & Forn Secur U S & Forn Sec pf. 8% U S Freight. . . 22% 20 U SGypsum (1.60).. 107% 101% U 8 Gypsum pf (7). 27% 18% U S Indus Alcohol... Net. Add 00. High. Iow. Close. Chge. | High. THE EVENING STAR. WASHINGTON, D. C., MONDAY, FEBRUARY 6, 1933. TRANSACTIONS ON TH yesterday's paper. ~Prev. 1033— 16% 17 + | 4 FINANC E NEW YORK STOCK EXCHANGE by Private Wire Direct to The Star Office. NOTE—Today’s individual sales are not given in this edition. Stock and Dividend Rate. 3% US Leather 4 3% 8% 5% US Leather (A). 8 + % U S Pipe&Fdry - % 13% U S Pipe 1st (1.20) +++ [T 1 % V 20% 15 2% 1R W Flbt+ 41010 Wilcox Wilson Wright ley (Wm) (3).. Ya'e & Towne (1). Willys-Overland Woolworth (2.40). Worthington Pump. 3% U S Rubber. 7% U S Rubber 1st pf 13' U S Smtg & Ref (1).. 264 U S Steel B55'% 1" S Steel pf (2) % United Stores (A). 24% Univ Leaf Tob (2)... % Util Pw: 20% 15% Vadsco Sales pf 14% 11% Vanadium Corp C: r& Lt (A). 4% 4% Va-Car Chem 6% pf.. Vulcan Detinning. .. 2 Walworth Co. . 15 % Ward Baking (B) Bros#icture: 1% Warner Quinlan. Warren Found & P. % Wells Fargo. ..... Wesson Of1 & Sn (1}, Wesson O&Sn pf (4). 9 West Pa Elec A (7).. 4308 West Pa Elec pf (6). 2 West Pa Pwr pf (6). 25 West Pa Pwr pf (7). 2208 Western Maryland... 50 % Western Md 2d pf. 1 Western Union...... 220 Westing’se Air B(1). 4 Westinghouse Elec.. 259 Westinghse 1st (3%4) 170s Westvaco Chlorine & 1 L4+ 41 Oll & Gas & Co (A). i ¥ FREEE Aeronautical & 3 3 Yellow Truck... 9% Youngstown Sh&Tu. i % Zenith Radio. . . + %l & 4 Zonite Produet: . 24 % Sales of Stocks on New York Exchange. - %[ 10:30 AM. « 160,000 -2% 1:30 P.M. . 12:00 Noon 2:10 P.M. - 360,000 490,000 550,000 Dividend rates as given in the above table are the annual cash payments based on the latest quarterly or half. ock. stock. 2y 2% in stock. 1 Plus stock. m Paid © Payable in scrip. last year—no regular rate. rly declarations. 100 shares. {Partly extra. :Plus _po Iegular rate.” b Pasable in cash 1 in stock. or_stock. us 8% B us $1 in special preferred stock. k Plus 3% i nPlus 5% in stock. [ CORPORATION REPORTS TRENDS AND PROSPECTS OF LEADING ORGANIZATIONS. NEW YORK, February 6.—Follow- ing is today’s summary of corporation news prepared by Standard Statistics g:). Inc, New York, for the Associated ess: Automobiles and Trucks. Indian Motorcycle Co. 1932 deficit was $235,298, vs. deficit, $392,346. Chemicals and Fertilizers. Parker Rust Proof Co. declared a dividend of 62'2 cents on common stock; on November 21, paid 50 cents; declaration is in line with manage- ment’s policy of paying dividends as earned. Investment Trusts. Chicago Corporation declared a quar- terly dividend of 25 cents on convertible | preference stock; this places the issue on annual basis of $1 a share com- pared with $2 paid prior to recent mer- ger with Chicago Investors Corporation. Metals (Non-Ferrous). Kennecott Copper Corporation—Hold- ings in Nevada Consolidated Copper Co. stock will be increased to 87 per cent of outstanding shares by stock divi- dend declared by Utah Copper Co. oil. Northern Pipe Line Co. 1932 common share earnings, 56 cents, vs. $1.09. Southern Pipe Line Co. 1932 deficit, $8,970, vs. net income, $175,368. Paper and Paper Products. Scott Paper Co. 1932 common share earnings, $3.90, vs. $4.94. Railroad and Failroad Equipment, Minneapolis & St. Louis R. R. 1932 deficit was $3,410,486, vs. deficit, $2,- 963,231, Missouri-Kansas & Texas R. R. 1932 deficit, $632,416, vs. net income, $675,227. New York, Chicago & St. Louis R. R. asks I C. C. permission to get a further loan of $2,100,000 from R. F. C. to pay fixed interest charges. Norfolk-Southern R. R. 1932 deficit, $984,424, vs. deficit, $498,043. Retail Trade. Murphy (G. C.) Co. January sales up 1.6 per cent. Utilities. Western Massachusetts Co.’s 1932 common share earnings, $2.67, vs. $2.96. Autemobile Parts and Tires. Budd (E. G.) Manufacturing Co. 1932 deficit was $1,785,757 vs. deficit $730,412. Budd Wheel Co. 1932 deficit was $1,- 387,189 vs. net income $182,674. Food Products. Van Camp Packing Co. creditors are requested to show cause why an order should not be made authorizing trustee in bankruptcy to sell all property of the company; sale would embrace mort- gaged and unmortgaged property and Trade Trends By the Associated Press. Copper—Sales in the export market are said to be averaging a little higher than a week ago, but are still in small volume. Prices range between 4.95 and 5.05 cents a pound. The domestic market remains dull with sellers quot- ing 5 cents. Canned goods—Some sellers are re- ported quoting pink salmon below the Tecently prevailing trade price. Salt—Commercial fine salt for in- dustrial uses has been reduced from $14 to $13 a ton, delivered. Floor covering—Dealers in domestic rugs had a fair volume in January, ac- cording to trade reports. Linoleums are said to be meeting a more active demand. Lead—World production in December totaled 103,838 short tons, compared with 104,043 in November and 123247 in December, 1931, the American Bureau of Metal Statistics reports. World production for the year was 1,292,074 tons, against 1,512,711 in 1931. Production of polished plate glass | in the United States in 1932 was 53,- 221,635 square feet, against 86,973,320 in 1931, the plate glass manufacturers | of America reports. | U. S. TREASURY BALANCE. | ‘Treasury receipts for February 3 were | $9,332,274.91; expenditures, $17,932,- 458.11; balance, $440,100,438.37. Cus- tom duties for three days of February, $2,097,938.67. SR Credit Conditions Improved CHICAGO, February 6 (#).—The Na- tional. Association of Credit Men in a survey of last month reports collection~ and credit conditions improved. Steel Mill Operations. INDUSTRIAL TREND Analysis of Prospects in Va- rious Lines Made by Sta- tistics Company. Special Dispatch to The Star. NEW YORK, February 6.—The first- of-the-month outlook for variou: | divisions of industry and trade is sum- marized by the Standard Statistics Co. of New York as follows: Advertising—Sales continue to record downward trend, with advertisers fol- lowing a waiting attitude as to plans for 1933 campaigns. Agricultural Machinery—Orders to be booked this Spring probably will not equal even the small totals for the first quarter of 1932. Alrcraft—Government requirements remain the principal source of new business. Automobiles—The outlook is for an of output over the next few months. Automobile Parts—Operations have | expanded gradually since the temporary let down at the end of 1932. Automobile Tires—Replacement sales will remain well under corresponding 1832 levels fo5 a number of months. Building—Normal dullness will prevail during the remainder of the Winter. Chemicals—Prices for major chemical classifications are showing consistent firmness. Coal—Only the most efficient pro- ducing units will escape sizeable deficits duing the initial half of the year. Electrical Equipment—Orders will re- main close to the low level of the past six_months. Food Products—The showing for this group remains materially better than that for industry in general. Leather and Shoes—Leading shoe producers are expected to continue sat- isfactory earnings. Machinery—Orders have shown sub- stantial expansion only in scattered in- stances, such as in machine tools. Medicines—The trade’s better-than- average experience probably can be maintained. Office equipment—Domestic sales of office appliances last month were some- what lower than in December. Paper—Prices are low, demand is small and competition keen. Petroleum—Earnings during the first quarter will be distinctly unsatisfactory. Radio—Excessive plant capacity and curtailed demand preclude profits. Railroad equipment—Little prospect exists for early earnings improvement. Retail trade—Returns of most units during the near term will remain gen- erally unsatisfactory. Steel—Average steel operations for February may approximate the Fall peak of 19 per cent of capacity. Sugar—Profits of producers probably will remain at depressed levels over the near term. Textiles—It is unlikely that activity will duplicate the low points of last Spring. ‘Theaters—Far-reaching financial and operating readjustments are in prospect for the industry. Tobacco—The cigarette industry is one of the most securely situated of the major trade groups. EARNINGS REPORTED. NEW YORK, February 6 (#).—Per share earnings of corporations report- SisisaooRom SEERREEZ ! s ar’ Pennsylvania Water &' Pos Consolidated Gas of Baltimore. Curtis Publishing ptd. Mississippi Power Union Elec. L. 8ix mon Archer-Daniels-Midland . ... Year ended November 30. Devoe & Reynolds...........*1.62 *On 7 per cent first preferred stock. 10n combined class A and B stocks. NEW YORK BANK STOCKS NEW YORK, February 6 (#).—Over- the-ccunter market: Quotations as of 2 o'clock. BANKS. Bid. Bk Manhattan (2) 29 Chase Natl (2) . 2E25ER o Dkomag 2 I3 Asked. 31 YOUNGSTOWN, Ohio, February € UP).—A survey showed operations o. steel mills to be holding steady at in- operations would be at 20 per cent of capacity this week, » Guaranty (20) Irving (1.60) Manufactarers itle G & ) United States (60) ", AND OUTLOK GIVEN irregular, but generally upward trend | ing during the past week, with 1931 | comparisons, included the following: | Washington Preduce WHOLESALE PRICES. | Butter—One-pound prints (93 score), 22; tub, 21; ome-pound prints (92 score), 22, tub, 20; one-pcund prints (91 score), 21; tub, 19; one-pound | prints (90 score), 19: tub, 18. Eggs—Hennery whites, 13; current receipts, 12; Government graded ex- tras, 18; standards, 16; mediums, 14. Poultry, alive—Turkeys, young hens, 16a18; young toms, 14al5; old toms, €al0; young tcms, over 20 pounds, 11; old hens, 10a12: chickens, Plymouth Rock broilers, 17a18; Plymouth Rocks. 4 pcunds and over, 17a18; unde-, 12al mixed colored chickens, 13al5; Leg. horns, 10212; colored hens, 12; Leg- | koin hens, 8al0; hens, 4 pounds and | cver, 12al14; capcns, lirge, 17a19; small, 1521; keats, old, 20a25; young, 25a35; | rocst::s, 7a8. Poultry, dressed — Turkeys, young hens, 19a21; young toms, 17a13; old | toms, 11a13; old hens, 13a15; chickens, | Plymouth Rocks, 4 pounds and over, 20a21; under, 14a15; Plymouth Ro: broilers, 20a21; capons, large, 21a23; | emall, 17a19; mixed colored chickens, |15; Leghorns, 14; roosters. 10al2; | hens, 4 pounds and over, 15a17; keats, | young, 20a30; old, 15a20. Meats—Beef, 10; veal, 12; lamb, 14; pork loins, 10; fresh hams, 10; smcked hams, 12; strip bacon, 13; lard, 7%; ccmpound, 7. Fruits—Nectarines, 3.25; plums, 3.2 watermelons, 1.25a2.50, apricots, 3.2 apples, fancy box stock, 1.50a2.00; bushel backets, 1.00a1.25; pears, 1.50a 2.50; mandarines, dozen, 40: cran- berries, 2.50; alligator pears, 2.5023.0 oranges, 2.75a4.25; lemons, 4.00a4. grapefruit, 2.50a3.00; pink meats, 6.00 bushel baskets, tangerines, 1.25a2.00; bananas, 1.50a2.50; rhubarb, 5-pound boxes, 50a60; strawberries, crates, 4.00a 6.0; Spanish melons, 6.00a7.00; honey- 34205&“4&0; grapes, 2.00a3.00; pine- pples, 5.50. Vegetables—Potatoes, Maine, 1. 1.35; New York, 1.15; Idaho bakess. 1.75a2.00; Florida, new, bushel, 2.25; sweets, 50a75; 3 parsnips, 1.00; salsify, T , bunches, 60; spinach, Norfolk, 50a75; Texas, 90a1.00; collards, 25; kale, 30a40: cabbage, new, baskets, 75a1.00; old, sacks, 60a75; string beans, 1.75a2.00; limas, 4.00; peas, 3.00a3.50; lettuce, ice- berg, 3.25a3.75. peppers, 1.25a150; squash, 2.50a3.00; beets, 2.5082.7: rots, 2.50a2.75; caulifiower, 1.50a1.90; mushrooms, 60a75; broccoli, 2.00a2.50; eggplant, 2.50a3.00; asparagus, dozen bunches, Texas, 7.00a10.00; hothouse, 2.00a2.75; tomatoes, lugs, 1.25a1.50; re- packs, 1.00a1.75. CHICAGO DAIRY MARKET. CHICAGO. February 6 (#).—Butter, receipts, 6,752 tubs; steadi: ials (93 score), H (92), 16%; extra firsts (90-91), 16%;; firsts (88-89), 15%4a15% ; seconds (86-87), 15; standards (90 centralized carlots), 16%. Eggs, receipts, 8320 cases; steadier; extra firsts, 13; fresh graded firsts, 12%; current receipts, 11 New Factory Planned. NEW YORK, February 6 (#).—The Carmen C&, Inc., announced plans to begin construction soon of a new $125,- 000 factory at Boonton, N. J., for pro- duction of soap specialties. = = Shawki Bey, former poet laureate of Egypt, has died at Cairo. The Fidelity | Building & Loan ' Association MAIN OFFICE, 610 13th N.W. | 5 N. Capitol St. Hih A K S E Navs Yard i BRSwONNS S 1427 H 8t B & LE. 3008 14th. Mt. Pl Pt T ] Under Supervision of U. S. Treasury A Friendly Spirit IAL. ISTOCKS RREGULAR AFTEREARLY DROP Short Covering in Final Trad- ing Results in Stead- ier Market, BY GEORGE T. HUGHES. Special Dispatch to The Star, WALL STREET, New ¥ork, Pebru- ary 6.—Stocks steadled after early weakness in today's market and olosed with irregular price changes. The come-back in the market was due to short covering inspired by the strength in the grain markets and the way in which cotton rallied after its initial decline. Wheat was up 1% to 1% cents at the close on a better appreciation of the damage to the domestic crop. The other feature of the outside markets was the sharp advance in sterling. Silver was unchanged to off 18 points in_midafternoon. The farm implement stocks led the rally in the share list. Public utili- ties were heavy all day. The gold stocks, strong in the first hour, re- acted under profit-taking. Without any change in the general situation and no important outside news, the market proved sensitive at the opening to the same sort of selling which had depressed it all last week. New lows on the movement, and that means new lows for 1933, were reg- istered in a considerable number of issues during the first hour. Among them were American Telephone, Gen- eral Electric under $13 a share and | opinfon was mixed today. Canadian Pacific. Losses were practi- cally all fractional and seemed to be the result of a lowering of bids rather than any increase in liquidation. The gold stocks were as usual an ex- ception. New highs were set up by Mclntyre, Dome Mines and Homestake, The market hardened after an hour or so of business and as it did so the gold shares lost their gains. By noon ?:re Wwas no significant change either y. All through the weakness, better than the average support was accorded to General Motors and United States Steel common. General Motors’ directors were scheduled to meet after the close for dividend action on the common stock and the buying, both here and in steel, was probably a good deal of it the retiring of short contracts. As a matter of fact, the technical position has been greatly strengthened by the recent re- action and the short interest has in- {creased. With the Street 75 per cent bearish, the stage is all set for a sub- Stl.;‘lfihl rally. e news included encouraging re- ports from New Orleans regarding the banking situation; an estimate of steel operations at 19 per cent of capacity, unchanged on the week; a small decline for several of the accepted commodity prices indices, and a sharp advance in sterling exchange, Brokers’ Comment NEW YORK, February 6.—Brokerage J Some be- lieved stocks would resist further sell- ing at the Autumn minimums. Clark, Childs Keech.—We would like to sze a little more volume and vigor on the upside before saying that week’s low will not be tested aghin prior to a substantial rally. Hornblower & Woeks—We expect that the same charactcr of support ac- corded around previous resistance levels {will be again encountered and thereby further strengthen the bellef that the direction of th> market, in so far as its main trend is concerned, is still upward, Shields & Co.—Rallies are likely to be short-lived so that advised trading policy of disposing of the leaders on active flurries—particularly in the in- dustrial and utility groups—should be adhered to. 5% DIVIDENDS ONSAVINGS paid by this Institution on all accounts . . . a of Helpfulness —and Co-operation will® always | be found at the “Fidelity.” ® Those who desire to get ahead in the world . . . to acquire a home of their own, or provide for any cherished purpose, are invited to save through the “Fidelity.” To Your Savings We Add 5% Interest Come in and let us gi Getaiis'of ‘our sians and methad *Includes extra, great assistance in ac- cumulating substantial savings account for your future needs! 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