Evening Star Newspaper, February 9, 1933, Page 12

FINANCIAL. CA12 INSTTUTE DINNER | ey FINANCIAL. STOCKS GO HIGHER IN STRONG MARKET Railroad Issues Featured, but Gains Are Well Scat- tered Through List, THE ]éYENING STAR. WASHINGTON, D. C., THURSDAY, FEBRUARY 9, 1933. TRANSACTIONS ON THE NEW YORK STOCK EXCHANGE by Private Wire Direct to The Star Office. NOTZ—Today's individual sales are not siven in-this edition. edition. Sales of each stock in this edition are from yesterday's paper. ~Prev. 1953— Stockand Sales— Net. Hi Dividend Rate Add 00. High. Low. Close. Chge. 11% Gen Elec spec (80¢).. 10 11% 11% 11% 22% Gen Foods (2).. 26 23% 1 GenGas & Blec (A). 7 1 3815 Gen Mills (3)... 6 40% 12 Gen Motors (1). 267 13% 72 Gen Motors pf (5)... 7 n 2% Gen Public Service.. 1 18% Gen Ry Signal (1)... 11 15% Glilette Saf Raz (1).. 33 70% Gillette Saf R pf (5). 4 % Gimbel Bros. o 4 Glidden Co. . NOTE—Today’s individual sales ot given in this edition. Sales of cach stock in Chis edition are from yesterday's Daper. ~Prev. 1933— Stock and Bales— High. Low. Lividend Rate. Add 00 55% 47% Public Sve N J(3.20). 8815 84 Public Sve NJ pf (5). 112% 1054 Public Sve NJ pf (1), ' 23% 18% Pullman Corp (3) 24 3% 62 55 PureOilpf (8). 10 7 Purity Bakeries (1) 6 Radio Corp. 11% Radlo Corp pf B. 3% Radic-Keith-Orph. Tig Raybestos-Man (60c) in this edition are from yesterday's paver. Stock and Dividend Rate, 4 Adams Express. 50 Adams Exp pf (5). 11% Adams Millls (2) 6% Addressegraph 2 AcCv Rumley. ) edition, Teday's individual sales are not given (OTE—Today's inividual sales ate not siren in, this edl Sales of Sach Sioek ‘n "this cdition mre. Trom yesterdas’ 33— g Stock and Sales— . Dividend Rate. Add 00. High. L8 TR R W | 104 Und-Ell-Fisher(50c). 2 5% Union Bag & Paper. . 3 243 Un Carbide & C(1.20) 84 69% Union Pacific (§).... 106 63 Union Pacifiepf (.. 4 11% Un Tank Car (1.40).. 1 22% Unit Alreraft....... 83 56 Unit Aircraft pf (3).. 94% Unit Biscuit pf (7).. 12% Unit Carbon. . T% L Chairman Soper Announces Reception Committee for Annual Event. it I+ - & = 56 Afr Reduction (3).... 11% Alaska Juneau(60c). 1 Allezshany Corp. 2% Alleg Co pf $30 xw. 79% Aliled Chem & D (6). 615 Allis-Chalmers Mfg.. sEEvss"ar 2x BY EDWARD C. STONE. eI+ L 4+ - BY GEORGE T. HUGHES, Pland for the twenty-ninth annual banquet of Washington Chapter, Ameri- can Institute of Banking, which will be held at the Wiilard Hotel Saturday, 20 Amerada Corp (2)... 10 Am Bank Note. 2% Am Beet Sugar pf. 10 Am Brake Sh&F (60c] PERLEFFER R Glidden Co pr pt (7). Gobel (Adolf). Gold Dust (1.20) Goodrich (BF). 32% Reading Rwy (1).. 28 Reading Ry 2d pf(2). 9% Real Stk Hoslery Remington-Rand 33% 23% 17% Unit Gas&Im (1.20) 94 Unit Gas&Im pf (5).. FREFLEPEFTEESE Special Dispatch to The Star. NEW YORK, February 9—Under increased volume, stocks ralli sharp- ly today. Rails wer - 4 2% % Reo Motor Car. % Republic Steel. 15 Republic Steel pf. 33% Reynolds Tob B (3 5% Rossia Ins of Amer. 21% Royal Dutch... 11 6 Rutland R R pf 42% 38% Safeway Stores (3) 88 84% Safeway Strs pf (6). o 96 941 Safeway Strspf (). 1315 8% St Joseph Lead. . 391 1% St L-San Francisco. . 26 1% St L-San Fran pf. o 55% 314 Savage Arms. . 59 20% 22% ¥E 4% Un't Plece Dye Wks., 4% U S & Forn Secur.... 20 U SGypsum (1.60).. 18% U S Indus Alcohol... 3% 5% 8 3% T February 18, are Progressing rap- idly, according to announcement by James A. Soper, vice president Lin- coln National Bank, general chairman of the Baaquet Commit- te2. Mr. Scper an- rounces (h> ap- pointment of Harold W. Burn- agsistant cachier Riggs Na- tional Bank and former president of ‘Washington Chap- ter, as chairman of the Reception Committee. Goodyear Tire&Rub.. % Goodyear 1st pf (7)., Gotham Silk Hoslery, Graham-Paige Granby Consol Grand Union. . Grant (W T) (1) 4« Great Northern pf Great Northern Ore Great West Sug..... 4 Great Wn Sug pf (7). Grigsby Grunow. ... % 3% Guantanamo Sugar.. 12% 9 Gulf States Steel.... 20 16% Gulif States Stl 1st pf 287 26'; Hacken Wat pf A 1% 2% 4 Hahn Dept Stores. .. 14% Hahn Dept Stores pf. 8 Harbison & Walker. . 1% Helme (GW) (17)... 57% Hershey Choc (5). .. 80 % Hershey Choc pf (15) 62% Am Brake Sh pf (7). 54 AmCan (4).... 6% Am Car & Foundry 161 Am Car&Foundry pf 36% Am Chicle (13) 2% Am Colortype. . 19 Am Come’l Alcohol 6% Am European Secur. 5% Am & Foreign Pwr. . T4 Am&Forgn Pw pf (6) 9% Am & For Pwr nf(7). €% Am & For Pwr 2d f. 341 Am Home Prod 4.20 Am International 5% Am Locomotive, . 17% Am Locomotive pf 15'¢ Am Metal pf. 17 Am News (1% 5% Am Fower & Light.. 14% Am P&Ltpf A (2%). 17% Am Pwr & Lt pf (3). 6 Am Radiator. .. FEFEFLEFIE £ FF FEEF F B FEL lm;:'rel or less. ices were shaded in the last hour by profit-taking, which, however, was mcl’uufldcnt to cancel the earlier ad- L oAb R+ 4 & 28 Commodities were more Wheat was strong up until um day and then it ted, closing down ldw ;,. n(:otzn very firm. Sugar o T preceding s“i.mn“ e rise of the a n the foreign excha: francs sdvanced. b e Barmmung and currencies other than French francs moved in favor of the dollar. turnover in the stock marl was n’;'mro‘glm':‘my tvg;e that of wfif nesday, wi e greatest acti: prices werek m e market opened higher - vanced without lnterrupt‘lgn tl =l £ bbbt Al bbb bbbt SRR Senmnnawne e X *n— * R A A ¥ + = 88 P4+ 4 14+ 4+ et + B 7% United Stores (A)... 24 Univ Leaf Tob (2)... 37 Utah Copper......,. 2% Util Pwr & Lt (A)... % % Vadsco Sales Corp... 14% 11% Vanadium Corp...... 50% 40% Va-Car Chem 7% pf. 20% 15 Vulcan Detinning... + 4+ L L3 4 Sears Roebuck. Servel Inc... . Sharon Steel Hoop. .. Sharp & Dohme Shell Union O11 Shell Union Oil 4 Simmons Co. s -+ @ & James A. Soper. FHRe O o @ 3 | cember, at an average price of $8.18 © per hundred pounds, comparcd with 5,- Gther members of the committee are Francis G. Addison, jr., president Se- curitv Savings and Commercial Benk; I. H. Cox, cashier Commercial Na. tiona!; Victer B. Daybe end N °; Charle urer An . Co.; James C. Dulin, jr., 2 wre: Amoetican Sccurity & Trust Co! Joshua Evens, jr. president District National; G. Elmer Flather, assistant treasurer Union Trust Co.; Robert V. Fleming, president Riggs National; C. F. Jacobsen, cashier Nationa] Met- ropolitan; T. Hunton Leith, assistant cashier Security Savings & Commer- cial; Howard Moran, vice president American Security & Trust Co; John Poole, president Federal-American Na- tional Bank & Trust Co; C. H. Pope, vice president Munsey Trust Co.; F. P. H. Siddons, secretary American Security & Trust Co.; W. W. Spaid, members of the firm of W. B. Hibbs & Co.; Frank J. Stryker, president Columbia National; Normen E. Towson, assistant treasurer Washington Loan & Trust Co.; George 0. Vass, vice president and cashier Riggs National, and Wilmer J. Weller, vice preeident and casher Federal-Ameri- can National Bank & Trust Co. In addition to Mr. Burnside, eight members of the Recepiion Commiitee | = ere’ past presidents -of Washington Chapter, as fcllows: Messrs. Deyber, Do:ng, Dulin, Evans, Leith, Poole, Spaid and Waller. Tchacco Advance:Helps District. The recent higher prices paid to tobacco growers in the fifth Federal R- serve district hzsmbeen cne of t;edmu;t encouraging business signs noted by the Reserve Bank of Richmond. Ris- ing cotton prices in recent weeks have also been a help to the fifth district. Prices for fire-cured tobacco in Vir- ginia advanczd considerably during De- cember and the average for the menth 'was-nearly 80 per cent above the aver- age for the same month a year ago. Total sales of fire-cured tobagco amounted to 2,208,042 pounds in De- 130,656 pounds at an average of $4.64 per hundred pounds in December, 1931. Burley prices were nearly 40 per cent above prices for December; 1931. Total sales ameunted to 2,890,080 pounds at an average &f $14.08 per hundred, com- parad with 3,321,325 pounds at an average of $10.18 per hundred. Sun-cured tobacco sles were very m 3;‘ fir lll;h’t!y mstlll‘::r :I:es?g: . ‘otal - sales amounted to 7,218 pounds, at an average of $5.95 fir hundréd pounds, compared with 5,330 pounds at an average of $5.22 per hunt pounds for December, 1931. Prices for flue-cured tcbacco in De- cember, 1932, averaged slightly higher than in December, 1931 and 1930. To- tal sales for this type amounted to 7,- 970,852 nds at an average-of $8.50 per hundred pounds, while in December, 1931, 16,062,549 pounds were sold at an average of $6.18 per hundred pounds. Rail Revenues May Jump. Net operating.revenues of the rail- roads for the'first six months of 1933 may be 35 per cent above the first six months of 1932, due to the substantial operating economies effected last year and to the expectation that shipments in the second quarter will exceed the depressed 1932 levels, according to a study completed by E. B. Smith & Co., New York. “The)decline in raflroad car loadings during the depression has been no greater than the decline in industrial production,” says the £ “The changes in cer loadings and industrial production have been almost similar in extent during practically the entire de- pression. In view of this it seems to us logical to assume that the railroads will participate to marked extent in any general improvement that may occur. Naturally, if eided by legisla- tion, this participation may be accentu- ated,” the New York firm says. Lonston Monotype Cuts Dividend, Directors ‘of the Lanston Monotype Machine Co. today declared a quarterly dividend of $1 per share. The com- pany formerly paid $1.50 quarterly. The stock is very widely held in ‘Washington. The cold wave, investment demand, more cheer in the economic cutlook, or gome other cause bcosted trading on the Washington Stock Exchange today. The market opensd with several odd Icts of Potomac Electric Power 515 per cent preferred changing hands,at 107'5, the suoclitn clesing at 107%. The same corporation’s 6 per cent praferred regis- tered a small salo at 111 s Washington Gas Light 6s, series B, Tecorred a $1,000 sale at 104, while $500 Washington Gas 5s, 1960, moved at 106. Two $1,000 sales in Washington Gas Light 4s were noted on the board at 90 Washington Railway & Electric pre- ferred stock was zactive in small lot sales” today. - - Five 10-share lots and e ‘share transfer took place Comment in Financiad District. The District Bankers Association’s council of administration will hold its regular February meeting tomorrow afternoon at headquarters in the Bond Building. Standard Brands, Inc., has declared regular dividends of 25 cents on the common stock and $1.75 on the $7 cumulative preferred, both payable April 1 to holders of record March 6. W. L. Ross, president of the Nickel Plate Railroad, has retired as active _head because of poor health, and J. J. Bernet, president of the Chesapeake & ©Ohio, has been elected to succeed him. The Pullman Co. has requested ap- Provzl of the Interstate Commerce Commission to establish reduced one- Wway and round trip sleeping ard parlor car rates. and railroad surcharges for an experimental period on traffic be- iween Memphis and Nashville, Tenn. ‘The aim is to increase traffic suffi- glel:nny to compete with busses success- ly. Morton Bodfish, member of the Fed- eral Home Loan Bank board, will be the principal speaker at the American Savings, Building & Loan Institute held in connection with the institute's Midwinter conference in Washington | February 20 and 21. He will speak on the “Broadening Horizon of the Build- ing and Loan Associations.” Dr. Julius Klein, Assistant Secretary ©f Commerce, will speak on the “Factors Business Recovery” at the annual dinper of the trust division of the American Bankers' Association in New | York February 16. Several local trust are planning 7% Am Rolling Mills 11% Am Sm & Ref.. 20% Am Sm & Ref 6% pf. 21 Am Sm & Ref 7% pf. 3215 Am Snuff (13%).... 5% Am Steel Fonndry 31% Am Stores (+21) 21% Am Sugar (2).. 6% Am Sumatra Tob. 981 Am Tel & Tel (7). 5314 Am Tobacco (5) 55% Am Tobacco (B) (5). 13 Am Type Fdrspf.... 14% Am Water Works(1). 4 Am Woolen... - 2314 Am Woolen pf. 615 Anaconda Copper. 9 Anchor Cap (§0c) 2% Andes Cobpe 10% Archer-Daniels (1). 41 Armour of Del pf(7) 1% Armour of Il (A) % Armour of Il (B 715 Armour of Il nf. 4 Assc Dry Goods. 39 Atchison 59% Atchison f (5). 17% Atlantic Coast Li 15% Atlantic Refining (1), 61 Atlas Powder pf (6). 40 Auburn Auto (d4)... 5% Avation Corp (Del). 4 Baldwin Locomot. . . 11 Paldwin Locomot pf. 8% Baltimore & Ohlo.... 101 Baltimora & Ohio pf.. 3% Barnsdal! Corp...... 8'3 Beatrice Creamery.. 8% Bendix Aviation..... 914 Best & Co 13% Bethlehem Steel 28 Bethlehem Steel pf. . 12% Boan Alnmn & Brass 19% Borden Co (1.60) 7% Borg Warner. 8 Boston & Main Briges Mfz Co . Bkyn Manhat .. Bklyn Union Gas(5).. Bucyrus-Erie........ 3 Bucyrus-Erie v pf % Budd (E G) Mfg. 1 Budd Wheel.... 7% Burroughs AM(40c). 2% Bush Terminal...... G Bush Term'l deb stk. 13 Bush Terminal pf(7) 11% Bv 8% California Packin 2 Calumet & Hecla. 8% Canada Dry G'A(1 10% Canailan Pacific 14 Cannon Mills (1 39% Case (J 1) Co. 50% Case (J 1) Co b 6% Caterpillar Tractor. 6% Celanese Corp. . 14 Cent Aguirre (1%).. 5% Cerro de Pasco...... 26% Ches & Ohlo (2%)... 147 Chesapeake Corp (2) 7% Chi & Eastern Il pf.. 2% Chi Great Western. . 6 Chi Great Westn pf.. 1% Chi Mil StP & Pac.... 2% Chi Mil StP & Pac pf. 3% Chi & Northwestern.: 5% Chi & Northwest of. . 2% Chi Pneumatic Tool.; 35 Chi Rock 1 & Pac.... 5% Chi R I & Pac 6% pf.. 5% Chi R I & Pac 7% pf.. 11% Chrysler €orp (1)... City Ice & Fuel (2).. City Ice&Fuel nf 6% . Cluett-Peabody (1).. Coea-Cola Co (7).... Colgate-Palm-P (1).. 4 Collins & Aikman. Colo Fuel & Iron Colo & South 1st Columbia Gas (b1). % Columbia Pic ctfs. Columb Carbon (2). Commercial Credit. .. Comel Credit A (3).. Comel Cred pf (1% ). “omel Cred 1st(6%) . 5 Comel Cred pt B (2) Comel Inv Trust (2) Comel Inv Tr pf 6% . Comci Inv cv pf(e6). Comel Solv (60¢). ... Comwlth & Southn. . 4 Comwlth & Sou pf(6) Consol Csr pr pf 6% . Consol Film. . Consol Film pf. . Consol Gas N Y (4).. Consol Gas NY pf(5) Consol Laund 50c. ... 4 Cnnsol Ofl Corp. . Cont! Baking (A). Contl Baking (B).... Contl Baking pf (4).. Contl Can (2) - Contl Diamond Fibre tl Insur (1.20) nt'l Motors. ... Contl Ol (Del). ... Corn Products (3) Corn Prod pf (7) Coty. Inc Creum of Crown Cork & Seal 15 Cuba RR pf. Cuhan-Am Sugar. Cuban-Am Sugar p Cudahy Packing 2% Curtis Publishing. 3% Davega Stores...... Delaware & Hudsen Del Lack & Westn Diaménd Match (1)., Dome Mines (11.30), Dominion Stores 1.20 Doug Alrcraft (75¢).. Dresser Mfg (A). ... Dresser (SR)M{g(B), 33% Drug, Inc (3) . Duluth S S & Aal pf.s 344 Dupont de Nem (2).. Duvout deN db pf(6) tman Kodak (3) Elec Pwr & Lt..... c Pwr & Lt (2) Elec Pwr&Lt pf 2 23% Elec Storage Bat (2). 29% Endicott-Johnson(3) 9 Equi Office Bldg 1%.. 5% Erie R R 1st of . 10% Fairbanks Morse pf.. 42 Fed Lt & Trac pf (6). 19 Fed Mines&Sm pf... 214 Fed Water Service A. 1134 Firestone T& R (1).. 51% Firestone T&R vf (6) 50% First Nat Strs (2%).. T4 Foster-Wheeler. ..., 18% Fourth Nat Inv 1,10 11 Fox Film (A). 12 Franklin Smn 22y _Freeport-Texas (2). 23, Gen Am Investors. .. 16% Gen Am Tank Car(1) 6% Gen Asphalt. .. 13 Gen Baking (2). 2% Gen Bronz 4. Gen Cable p: 1274 Gen Blectric (408)sas e ToannnSn s =413 9 1037 102% 541 9674 11 2% 39% 45 55t 13715 137 4 4 274 16% 4 111% 111% 6 8y 53% 5614 151 15% 4% 24% % 2 91 10% 2 38% 45 3% 11 5314 96 4 5% 4 % 40'% 40% 4 16 1% 5% 5415 26% B T R T ) B B o o TR o IR T o S S S [ S S S S A S oy G e o I R R e S bt bbb bbb L+l +++ FEEEFR i -4 FEBEER S EREREELE sxe"” &F 3 ® FP ESFReeR & o+ A+ 1+ +1 +4+ e $FE 52 i & FEF SF FRFEEFEIS I3 +Ht++ 1+ 4+ 7 160 2% 5l% 15% 3% ™ bly 34 28 23% 62 50 10% 15% 3% 8% 2 5% 10% 10% Holland Furnace. ... Homestake Min (9).. Houdailie-Hersh (B) Househd Fin pf 4 Houston Ofl. ... 42 Houston Oil (new) Howe Sound (40¢) Hudson Motor Car, + Hupp Motors. ... = Illinois Central pf. .. 4 Industrial Rayon (2) Ingersoll-Rand(1%). Inland Steel...... Insuransh Del(15¢) .. Insuranshares (Md). Interboro Rap Trans. Interlake Iron. . B Int Bus Mach (6).... Int Carriers Ltd 20c.) Int Cement..... ¢ Int Harvester (1.20). Int Harvester pf (7). 4 In: Hydro-Elec (A).. 4 Int Nickel of Can.... 4 Int Paper & Pwr pf Ing Rys Cent Am..... Int Rys Cent Am pt.. 24% Irt Shoe (2). 11% Irt Silver. 33 S 5% 1% Intertype Corp 121 Island Creek Coal(2) 25 Jewel Tea Co (3) 18% Johns-Manville. 59 Johns-Manv pf (7).. 35 Jones & Laugh pf(1) . 7% Kansas City Southn., 13 Kan City Sou pf (2 3% Kaufmann Dept St T% Kayser (J) & Co. 1% Kelly Spring Tire 4% Kelvinator Corp. 8% Kennecott Copper. 8% Kresge (SS) Co (1).. 18% 1616 Krogzer Grocery (1).. 34 6% 5% 38 3% 14% AT% 18% 6% 62 63% 10% 9% 14% 211 561a .. 31, 28% LambertCo (4)...... 5_ Lee Rubber & Tire. 5% Leh Port Cement. o e a e %00 S 00000t T D B9 1O 1 D 0100 8960 e 85 % E s 10s LaiE 36 Leh Port Cmt pf 3%. 180s 3 Lehigh Val Coal pf. 10% Lehigh Valley R R. ., 41% Lehman Corp (2.40) . 174 Lehn & Fink (2).. 5% Libbey Owens Glass.. 50 Liggett & Myers(t5). 51% Ligg & Myers B (15), 10 Lima Locomotive. 8% Link Belt (80c). 11% Liquid Carbanic. 15% Loew's, Inc (3) 50% Loew’s Inc pf ( 214 Loft Inc.... 27 © 23 'Loose-Wiles Bis (2) 13% 4 29% 6% 18% 3 23% 51% 2% 1 20% 35% 2 ™% 1 10% 11% 6% 17% 101 2% 3 A% 40% 2 8% 1% 4% 7 9 31 15 . 6% 3% 1004 11% Lorillard (P) (1.20 4 Loaisiana Oil Ref pf. 21% Louiuville & Nash... 5% Ludlum Steel. McAn&Forbes pf(6). McCall Corpn €2). McCrory Stores. .. McIntyre P M(t1% 444 McKeesport TP (4). 2% McKesson & Robbins % McLellan Stores. 14's Mack Trucks (1) 25% Macy (RH) & Co (2) 1% Madison Sq Garden. . 6 Magma Copper (50¢) % Manati Sugar pf. 6 Manhat Elev mod gtd 10 Marine Midld (80c).. 4% Marshall Field & Co. 15 Mathieson Alk (1%). 16% 1 18% 214 Mengzel Co. . 2% Miami Copp 4% Mid Continent 39 Midland Stl 1st pf( 1% MStP&SS M pf 5% Mo Kan & Texas 1114 Mo Kan & Texas p! 2% Missouri Pacific. 4% Missouri Pacifie p 7 Mohawk Carpet. 27% Monsanto Chem 1% .. 125% Montgomery Ward 5 Mullins Mfg...... 2% Murray Corp 8% 8 Mrer(FE)&Bro(l). 8314 311 66 5 5% 184 13% Nash Motors (1).. 13 Nash Chat & St L. 35% Nat Biscuit (2.80). 7 Nat Cash Reg (A)... 13% Nat Dairy Prod (2).. Nat Dept Stores. ..., Nat Dept Strs 1st pf atl Dist pr pf (2%) Nat Enam & Stam Nat Lead (5) % Nat Lead pf A . Nat Lead pf B (6). Nat Pwr & Lt (1) Nat Steel (50c) N Y Chicagq & St 314 NYChl&S&LDf. N Y & Harlem (5)..., N Y Investors....... 13 NY NH & Hartford.. 25% N YNH & Hart pf... i% N Y Shipbuilding. N Y Shipbldg pf (T 17% Noranda Min (al.10), Norfolk & West (8) .. 78% Norf & Westn pt (4). 23% Nor Amer(b10%stk). 42% North Amer pf (3)... 6% North Am Ed pf (6).) 13__Northern Pacific 5% Ohio Oil. 1% Oliver Farm Bquip. 5 Oliver F Eqprpf A.. 64 Omnibuspf A (8)...: 5 Oppenheim Collins. . 1% Orpheum Circuit pf., 10% Otis Elevator (1).... 3 Otis Steel. .. 331 Owens I1) Glass (2 % 2% Pacific Coast 1st pf.. 314 43% 814 81% 14 31% 27% 10214 19% 8 7 84 ) 5% 5% 32 4% 3 6 2% ™ 5 11% 15 914 29% 27% Pacific Gas & Kl (2).. 35% Pacific Lighting (3)., 7% Pacific Mills. 75 Pacific Tel&T. 214 Packard Motor Car %' Paramount Publix, ., % Park Utah.......... % Parhe Exchange. . 1% Pathe Exchange (A). 5% Patino Mines. ... 1 Peerless Motor Car 28% Penick & Ford (1 24% Penney (J C) (1.80), 90 ' Penny (J C) of (6). 13% Penna RR (R50c)...0 57 Peoples Gas Chi (5).. 5% Pere Manquette. 5% Pere Marquette pf... 6 Pere Marquette pr pf 4% Petrol Corp of Ami .. 45 Phelps Dodge. .....s 291 Phila Co 6% (3)..... 3 Phila& Read C&1I... 8 Phillips-Jones Co.... 4% Phillips Petroleum. ., 2 Phoenix Hoslery. . % Plerce Petroleum . 4% Pierce Ofl pf. s 10% Pilisbury Flour(60c 10% Pitts Steel pf......00 7% Plymouth Ofl (1) 23 Proctor & Gam (1475 3 508 23 18 1 1 Mathieson Alk pf(7). 140s A RS RNWREDWEN dekstcte |VES P e | I+++++++ © ++ et A AR +1% % "~z 14+ -+ FOEF & 1 3 seEeesSess 3 & R I e FFEES F F e SR & *S.FE#’ & OFEF +++ + TR R 13 FEbE+ HTEZ & 8 E# ] o R E R EFEAEEFT FEFEES [N - L+tbdd d4 )+ FEEE ® O FEEF $FFe¥x 2 sy % .‘ EXE4de i 44 1 e 58 15 +2 % + % 2% + h | CORPORATION 4 Skelly Oil pf ww. Socony Vacuum 4 So Port Ric Sug 1.6 Southern Cal Ed(2) Southern Pacific. 4 Southern Railway. Standard Brands (1). Stand Gas&El (1.20). Stand Gas&El pf (4). Stand Oil Calif (2).. Stand Oil Exp f (5). Stand Oil Kansas. . Stand Oil N J (1) Sterling Secur pf. Stewart Warner... Stone & Webster. Studebaker Corp. Studebaker pf... 7% Superheater Co(50e) . % Superior Oil. : 214 Superior Steel. 8% Telautograph (1) 12% Texas Corp (1).. 22 Tex Gulf Sulph (2) 4% Tex Pacific Land 3 The Falr... . 43 The Fair pf 3% Tide Water Asso Oil. 14% Timken Roller Bg(1) 4% Transamerica Corp. . 3 Transue & Willlams. 3% Tri-Contl Corp...... 20% Trico Products(2%). 1% Warn B EFFEEEFE FEFFL 98 106% 5 6% 6% 2% 21% 11% Pttt b rdl bbtt |+ ++ FEFEE + e 4+ - = 13 ERFESE FRES PR FEFF % 10:30 A M. . 1:30 P.M. - HEEE R payments based on *Unit_of Plus 1 Walworth Co. . % Ward Baking (B)... 50 Webster-Eisenlhr pf 49 West Pa Rl pf (T)... West Pa Pwr pf (6). West Pa Pwr pf (7). Western Maryland. 5% Western Md 2d pf Western Pacific pf. Western Union... % + Westing’se Air B( 26 Westinghouse Elec.. 22 60% Westinghse 1st (333) 140s 18 Wheeling Steel pf. 1 1% Willys-Overland. 4 Wilson & Co (A). 31% Woolworth (2.40) 11 Worthington Pump 18 Worth Pump (A).... 36% Wrigley (Wm) (3).. 2% Yellow Truck.. 13% 9% Youngstown Sh&T 1 % Zenith Radio. .. 5 4 Zonite Produets 4 4% % Sales of Stocks on New York Exchange. Dividend rates as given in the above tabl ding e: 1 Paid last year—no regular rate. crip. Sua ros Pictures. 2 eB s gras the morning. There were no excy tions. to the strength in the railway btocks. All of them were in demand on jthat did not look like short cove Among the features were Union Pacific, up nearly 3 points, and that before IE Was announced that the regular $1.50 quarterly dividend had been declared. % k) + Y % 2 LSk SR S Dbt bk b+ L Lk ) & bt 260,000 850,000 12:00 Noon. 2:10 P.M. . 640,000 910,000 are the annual le. 1 cash the latest quarterl: half-yearly declara ai y or haif_vearly d 'i‘sflé a3 . b Plus e k. EPlis 3% 1o nPlus 5% in cash_or_stock. $1 in special pre REPORTS TRENDS AND PROSPECTS OF LEADING ORGANIZATIONS. NEW YORK, February 9.—Following | is today's summary of corporation news | prepared by Standard Statistics Co., Inc., New York, for the Associated Press: Automobiles and Trucks. American Austin Car Co. shipments for 1932 reported as 8,558 cars. Ford Motor Co.—New 1933 eight-cyl- inder Ford mocels on a 112-inch wheel base have been exhibited to dealers; public introduction expected to be made on February 11; reported prices will b2 l?:er than for similar models of 1932 eights. General Motors Corporation January unit sales to domestic consumers were 50,653 vs. 47,942; total unit sales to dealers, including Canadian and over- seas in January were 82,117 vs. 74,710 in January, 1932; sales of Chevrolets to consumers in January were 39,701 units vs. 35,199 in January, 1932. i Hudson Motor Car Co.—Company, whose plants are closed as a result of a strike at the body building division, has asked all employes to return to work assuring them that satisfactory adjustments will be made. Food Products. Continental Baking Corporation 1932 preferred share earnings, $6.07 vs. $8.64 in year ended December 26, 1931. Purity Bakeries Corporation declared regular quarterly dividend of 25 cents on common stock. - Standard Brands, Inc., to redeem 25,000 shares of series “A” $7 preferred stock at $120 a share; also to retire 3,500 shares of $7 preferred stock held in treasury, Leather and Shoes. Allied Kid Co. 1932 net income $445,- 688 vs. deficit $408,473. Machinery. Bliss (E. W.) Co. receives order for rolling mill costing about $500,000; con- tract with other business on books in- sures operation of Salem pilant for at least six months. Metal (Non-Ferrous.) General Bronze Corporation 1932 net income $148,384 vs. deficit $717,741; un- completed contracts on December 31, totaled $3,141,071 vs. $4,041,110 on De- cember 31, 1931, Miscellaneous, Rubinstein (Helena) Inc., 1932 pre- ferred share earnings $1.00 vs. $3.74. Thatcher Manufacturing Co. 1932 preferred share earnings $2.95 vs. $4.74. Office and Business Equipment. ‘Telautograph Corporation 1932 com- mon share earnings $1.41 vs. $1.57. oil Seaboard Oil Co. of Delaware, de- | clared an extra dividend of 10 cents | and regular quarterly of 10 cents. Paper and Paper Products. Great Northern Paper Co. declared a dividend of 25 cents; last payment was 40 cents, made December 1, 1932. Railroad and Railroad Equipment. Baltimore & Ohio Railroad assents to bond refunding plan slightly exceed 90 per cent. Retail Trade. Best & Co., Inc., common share earn- ings, year ended January 31, 1933, $1.05 vs. $3.02; January sales were off 9.5 per cent. up 2.6 per cent. Theaters, Etc. Radio-Keith-Orpheum Corporation— Receivers appointed for company by Bal- timore Circuit Court; receivers are authorized and directed to take charge of business, property and assets of com- pany within the State of Maryland. Tobacco. American Tobacco Co.—R. R. Rogers filed a suit in Chancery Court, Newark, N.J., against directors of this company, alleging that an employes' stock sub- scription plan formulated by them was illegal; court ordered company to show cause why it should not be enjoined from further carrying out the plan. Utilities, Central Public Service Corp.—Ex- changes under reorganization plan of company embraced 71.1 per cent of all all stock of company and principal subsidiaries. General Gas & Electric Corp, sub- sidiary, Lexington Waterpower Co. of South Carolina, has been ordered to show cause why a receiver should not be appointed for it; action was filed by a debenture holder who alleged in- solvency. Newberry (J. J.) Co. Jaguary sales|pung Pund bonds and notes and 63.9 per cent of | Fifth SURPLUS FORECAST Department of Agriculture Believes Supplies Will Di- minish This Year. BY CHAS. P, SHAEFFER, Associated Press Business Writer. The Department of Agriculture be- lieves the current world wheat surplus will be somewhat relieved during the year. This belief is based on smaller wheat yield estimates in the United States, Canada and the Argentine and to a re- ported Russian situation which points according to some correspondents, to actual famine. The Government estimate for the 1933 Winter wheat crop, based on seeded acreage, indicates a yield of 400,000,000 bushels, or 13 per cent less than in 1932, yield about 2 per cent less than last year, while current Argentine yields continue under expectations. European plantings, on the other hand, are re- ported to be as greit, and greater in some cases, as last year. The total domestic crop in 1932 ag- gregated 727,000,000 bushels, recording a drop of 19 per cent from 1931 in Sp! wheat and 41 per cent in Win- ter wheat. The year’s production was 117,000 bushels less than the last five- year average, but in the meantime the department’s statistics reveal that there were 42 other countries which col- lectively produced 19,000,000 bushels more than their last five years’ average. World carryover of last year's wheat is estimated as 745,000,000 bushels as of 708.000,000 the year before. Official Russian wheat figures show that 1,542,000 tons of grain were ex- ported d the first 11 months of 1932, which compares with 5,182,000 tons in the previous year. In th 247,000 tons of with 56,000 tons im- carryover crop last year is believed due to world-wide lack of purchasing power, which caused & material lessening in consumption of wheat and flour. U. S. TREASURY BALANCE. By the Associated Press. Treasury receipts for 7 were $4,504,528.74; expenditures, '116,- 561,228.47; balance, $394,397,061.34. Customs duties for seven days of Feb- ruary were $4,106,879.27. —_—e INVESTMENT TRUSTS NEW YORK, February 9 (#).—Over- the-counter market: (Quotations as of 12 o'clock.) B Am Bank Stock A mod. Gorporste Trust accuim’ aéf. s s’ FFRES -3 o FEPETS R o Trusted Am Bk * NEW YORK BANK STOCKS NEW YORK, February 9 (#).—Over- the-counter market: Quotations as of 2 o'elock. Bid. 20% 33 180 Bk Manhattan (2) Chase Natl (2) Commercial (8) Ave (+44 First Natl (100) Natl City (2) Public (2) . Bankers (3) .. Bkiyn Trust (10) Cen Hanover (7) Ghemical (1.80) Farmers of Chile are not following '.heuml;lncumnoln : vance, but are holding for expected mp-lnnd-rxl_lrhu ® strongly to a shortage of the grain, gnd, | j: Canada’s acreage is expected to| p; e same | 2 Washington Produce WHOLESALE PRICES. Butter—One-pound prints (93 score), 24; tub, 23; one-pound prints (92 score), tub, 22; (91 score), 23; tub, prints- (90 score), 21; Hennery whites, 15; current 14; Government e tras, mn:fldlld;,‘l;fl 15. Poultry, alive—Turkeys, hens, 16a18; young toms, 14al5; old toms, 8a10; young tcms, over 20 pounds, 11: 10a12; Plymouth Rock broilers, 17a18; Plymouth Rocks, 4 pounds and over, 17a18; under, 12a13; mixed 15; Leg- orn hens, 8a10; 4 ds. and over, 12al4; caj hem,um' l";:l'm colored 3 14; roosters. 10a12; hens, 4 pounds and over, 15a17; keats, young, 20a30; old, 15a20. Meats—Beef, 10%;; veal, 13; lamb, 15; pork loins, 12; fresh hams, 12; smoked hams, 13; glmp bacon, 13; lard, 7%; 0083.50; 3.0027.00; lambs, 3.00a6.50. Nectarines, 3.25; plums, 3.25; nwmekms.f 1.2::2.50; apricots, 3.25) apples, lancy X bushel December, 1932, which compares with | 225 limas, 4.00; peas, lettuce, iceberg, 3.25a3.75; peppers, 1.50 82.00; ’oaquuh. 2.50-3.00‘_’ caulifiowe 60a' DETROIT, February 9 (Special).— Chevrvll;&a It M{sum:e' cars and trucks anuary for largest single month’s production since July of 1931, W. S. Knudsen, president and general of the company, announced . _The figure exceeds by 2,500 units a preliminary estimate made 10 days ago. PARIS BOURSE PRICES, bruary 9 (#)—Three 4 ‘The Exchan, i ; ige . on lo.ncdgx;, “fus SILVER QUOTATIONS. NEW YORK, February )—] silver easier, 1, lower zs’%m i MEMBERS: New York and Washington Stock Ezchanges ASSOCIATE MEMBERS: New York Curb Exchange BONDS STOCKS PORTFOLIO ANALYSIS 719 Fifteenth Street MEtropolitan 3116 WASHINGTON N Y Title & Mtge t (5), te G & T (3.20) United States '(60) *Includes extra, BALTIMORE Atchison was a close second, whil | the lower priced stocks New York (e:el{: tral and Lackawanna were Pprominent. New highs for 1933 were reached by Chesapeake & Louist Nashville ©Ohio and ville & Elsewhere in the list there was urgen short covering in American Telephon:. on of publication of the e Teport tomorrow and of favor- able dividend action next week. The Same sort of demand put Allied Chemi- cal ts and ulated the industrial list genenny.'unllt was that the market was h oversold and that the ahom“::l,ye nervous. The utilities weré not as Pprominent as the industrials or th of them were higher. e, ut, tnost so importantly. m‘rflnl ualn‘ Were reactionary. New highs were made by South _Port - 0 Rico and Nentral Tobacco stocks came back somewhat, with Ame; L rican Tobacco the New York Shipbuilding preferred con- * tin 2y It mm:p R-K-0 Receivers Named. BALTIMORE, February pecial] PRt T a X, ppo receivers for the Radio- Corporation by Judge H. Arthur Stump, in Circuit On January 27 Court for appointed the Irving nm.le‘hg hm% g PIE ‘mm s TLImm P e o o Write for Descriptive Booklet ANDREW E. FODOR Southern Bidg. Na. 6625 WE OFFER New York Evening Journal Hearst 1o ield ‘apont St | Ferris, Woodroof & Lewis, Inc. Investment Securities ington_Buildin t. B, 954 Washington Bldg. NA. 9430 THE OLDEST NATIONAL BANK in the District of Columbia 15th Street Opposite U. S. Treasury EVER SINCE 1814 The Metropolitan has provided THE BEST in banking facilities — meeting the needs of Cor- porations, Firms and Individuals, under all financial and business conditions, Interest Paid on Savings