Evening Star Newspaper, February 27, 1933, Page 14

THE EVENING STAR, WASHINGTON, D. C. MONDAY. FEBRUARY 27, 1933. TRANSACTIONS ON THE NEW YORK STOVCK EXCHANGE Received by Private Wire Direct to The Star Office. FINANCIAL.' DECLINE IN STOCK: PRICES RESUMES Late Selling Movement Re- A—14 FINANCIAL, WHOLESALE TRADE GAINS IN JANUARY . Fifth Federal Reserve Dis- $F¥ not given in this edition. om yesterday's ..m.“ sales are not given in this edition. NOTE—Today’s indivi 1 Sales of each stock in this edition m lu- yesterday's paper. ~Prev. 1933— Stock and 7 Net. High. Low. Dividend Rate. Md 00. High. Low. Close. Chge. 7 Dresser Mfg (A).. 6% 6% 6% — % 384 31% Drug Ine (3)... 325 31 1% 41% 33 Dupont de Nem (2) 33 33% ~ % 106 99% Dupont deN db pf(6) 100 100 -2 202 100 100% 100% + % £—Today" 3 wates (his_edition, Sates o L T e et o eoterdar's BaPer: PFYCV 1088 Ftock and Bales— Net. . Low. Dividend Rate. Add 00 8 Stand Gas&El (1.80), 8 17% Stand Gas&El pt (4) . 20'% Stand OIl Calif (2) Stand Oil Kansas. Stand OIINJ (1).. 'y edition. ~Prev, 19 l’\ fllncl and Sllel— High. Low. Lividend Raf AquO Hllh. ln' Clau. ChlG 1 % N Y Investors. .. l'l\ 11% N Y N H & Hartford. l&! 30% 23 NYNH&Hartpf... 11% 7% N Y Ont & Western. . 5% 1% N Y Shipb'ldg (10c). Stock and Dividend Rate. Adams Express. Adams Millis (2) Addressograph. . Affiliated Prod 1.60. . 7y Air Reduction (3)... trict Reports Improve- ment Over Year Ago. BY EDWARD C. STONE. Wholesale trade in the fifth Federal | Reserve district presented a better pic- | ture ,in January this in some lines, than it did a year ago, the Re- | serve Bank of Richmond reports. ‘ In three wholesale lines sales were | better than last year and four sales in Japuary were greater than in Decem- | ber, the report states. Hardware showed a gain of 0.9 pcr‘ cent in January, 1933, over January. 1932; dry goods were up 4.7 per cent| over January a year ago, and wholesale | shoe sales made a gain of 34 per cent | over the corresponding month last year. | Drugs, hardware, dry goods and shoes | were the four lines that revealed an ad- vance in sales over business in De- | cember. | The Richmond bank reports that re- | tail sales in the fi rve district during the past few days have shown improvement. The Washington birth- | day holiday made a difference in the total volume of trade in all lines. Some retail stores remained open in the | fifth district and others closed for the | day, so that comparisons with the pre- | vious week are going to be rather in- | conclusive. The other 11 Federal Rese: tricts made varied reports on k i trade. The shoe business seems to have made the best showing in the past 10 days. | Firms Increase Earnings. Despite the fac U'al aggr gate earn- | ings of 633 indu: ties for the fiscal and calend of 1932 showed a drop of 73.7 per cent as compared to 1931, 49 of these com- | panies were able to improve their net | showing, according to to a compilation issued today by Mood: Investors | Service. All of these companies showed net earnings in 1932, nc companies with merely smaller deficits being in-| cluded. | The companies with increased earn- | ings were scattered throughout all| branches of industry, and only two| groups, as a whole, able to show con- | sistent improvement. These were the petroleum in which 17 companies reg- istered an aggregate gain of 18.7 per cent and the gold mining group in which the gain was 7.0 per cent. | The better showing in the petroleum group was made in the face of a drop of 7.8 per cent in dogestic gasoline consumption, and was due to better prices for petroleum and its products during much of 1932, combined with economies in operation. In the case of gold mining group, activity in gold | extraction was stimulated by lower | commodity prices. | The small size of many of the com- panies which reported gains tended to confirm the theory that smaller com- panies in many industries are bene- fitting from the absence of heavy over- head charges and large plant invest- | ment, which enables them, in many cases, to underbid their larger competi- | tors. However, their earnings are 01'\ minor importance in the aggregate, Moody's says. i Acacia Life Honors Agents. Officers of the Acacia Mutual Life | Insurance Co. gave a luncheon at the| Mayflower Hotel today in honor of the | men of the Washington and Baltimore | branches of the company. ’l'h“se’ branches led all others curing the| calendar year 1932. Officers and members of the home | office stafl present inciuded Vice Presi- | dent J. P. Yort and Samuel E. Mooers, D. F. Roberts and Dr. J. B. Nichols, medical | director; L. K. Crippen, Howard W. Kacy, counsel: O. Hammeriund, 1. M. Rodiun and E. L. Kirchner. Those from the branch honored W executive secretary; J. B. Allison, R. M Alexander, C. W. Botsch, J. E. Burbank, | W. B. Crossan, W. C. Daniel, J. I Ford W. C. Giesey, H. R. Hardisty, W. James, M. J. Kibler, .| McCausland. J. G. Priest, F. B. Rogers, P. L. Rogers, G. S. Sciwroeder, H. A. Smith, J. H. Sponsler, H. W. Stevens | and J. R. Woodward. Guests from the Baltimore branch | included Rcland C. Suter, manager; R. A. Armiger, R. L. Buffington, J. O. Colliflower. A, d'Andrea, C. E. Gray, C. Heinze, M. Heller, E. L. Hild, L. M. Luttrell, H. C. Moss, E. C. Newman, E. A. Peterson, E. H. Pickering, W. H. Purdy, W. E. Ratcliffe. J. W. Rhodes, R. C. Whitney, C. J. Willet and M. H. Woodward. | Total insurance in force at the end | of 1932 by the Washinugton branch was | $20,020,000, and Baltimore, $15,205.000. Bonds Lead Local Market. On the Washington Stock Exchange today bonds were in the best demand. The week's market ovened with four $1,000 sales and one $500 transfer in | Washington Gas Light 6s, series A, all recorded at par. Washington Railway & Electric 4s | came out on the board in $1.000 and $500 denominations at 88, while $1,000 Washington Gas Light 5s, 1960, sold at the strong price of 104. Two stocks also figured in the day's | sales. Capital Traction opened with | 10 shares selling at 9. Ten more sold at 81> and 24 more at 8, a new low on the present move. Norfolk & Washington Steamboat stock appeared on the board, a small lot changing Lands at 85. Peoples Drug Dividends Voted. | | Directors of Peoples Drug Stores, Inc., have declared the regular quarterly dividend of 25 cents a share on the common stock payable April 1 to stock of record March 8, and $1.62!2 on the preferred stock, payable March 15 to| shareholders of record March 1. American_Ice Co. has notified the New York Stock Exchange of proposed decrease in authorized preferred stock | to 140,000 from 150,000 shares, and | common to 560,000 from 600,009 shares; also reduction in capital represented by outstanding common to $5 a share from $25. Gold Dust Corpomllon has dec]ared the regular quarterly dividend of $1.50 | on the $6 preferred stock, payable | March 31 to stock of record March 17. , Joins Protective Committee. Grayson M-P. Murphy, chairman of | the Kreuger & Toll Secured Debenture- l holders Protective Committee, ~ an- nounced today he was in receipt of cable advice that Eugene Regard of Paris had accepted membership on this committes. Mr. Regard isa member of the French National Bondholders Protective Association, a semi-official body, and is chalrman of an Inter- national Committee formed to advise European holders of Kreuger securities, and which International Committee embraces in its membership representa- tives of France, Holland, Switzerland, Belgium and Germany. Col. Murphy stated that the adher- ence of Mr. Regard to the American | Committee refiected the close co-opera- | tion which had existed for sometime | with the important body of foreign holders of Kreuger & Toll Secured Debentures and constituted a further recognition of the role being played by this American committee, with ‘which approximately 60 per cent of the entire issue had already been de- posited with Guaranty Trust Co. of New York, the committee's depositary. POTATO MARKET. CHICAGO, February 27 (#) (United States Department of Agriculture).— Potatoes, receipts, 171 cars; on track, 264: total U, S. shipments Saturday, 1,140; Sunday, 12; dull, trading rather slow; Wisconsin Rcund Whites, 70475; unclassified , 621:a65; Idaho Russets, 71; few, 1.20; Scuth anota Michigan Euuet. Rurals, few Alaska Juneau(60c). Alleghany Corp..... Alleg Cp pf $40 ww.. Alleghany Steel. ..., Allied Chem & D (6). Allied Chem pf (7)... Allis-Chalmers Mfg. Amerada Corp (2).., Zm Ag Chem ( 5 Am Bank Note. . Am Bank Note pf (3) Am Beet Sugar....., Am Brabe Sh&F 60c. Am Can (4)... 4 Am Can pt (7). Am Car & Foundry Am Car&Foundry pl. Am Chain. Am Chicle (3) opean Secur. Am & Foreign Pwr. . Am&Forgn Pw pf (6) Am & For Pw pf (7) Am & For Pw 2d pf.. Am Haw Stship (1).. Am Hide & Leather. , Am Hide & Leath pf. Am Home Prod 4.20., Am Ice Co Am International. ... Am La France&Fom. Am Locomotivel Am Locomotive pf...8 Am Mach&Fdy(80c). 30 Am Power & Light 167 AmP&LtpfA (2%). 1 Am Pwr & L tpt @3).. 16 n & Ref 6 pf. 0 & Ref 7% pf. Am Snuff (13%). Am Steel Foundr: Am Stores (1. Am Tobacco (5). Am Tobacco (B) Am Type Fdrs pf. Am Water Works(1). Am Wat Wks ctfs(1) 20 Am Woolen Am Woolen pf. Am Zine & Lead. Anaconda Copper. ..., Anchor Cap (60c). Anchor Cap pf (633) .+ Archer-Daniels (1).. Armour of Del pf( Armour of 111 (A). Armour of 111 (B). Armour of Il pf. Arnold Constable. Artloom Corp. Atchison pf (5) Atlantic Coast Line. Atlantic Refining(1) .x 84 4 Atlas Auburn Auto (44). .. Aviation Corp (Del). 516 Baldwin Locomot. 35 Baldwin Locomot pf. 1500- Baltimore & Ohio. Baltimore & Ohio pf. .’u Bamberger pf (612).. 1003 Bangor & Arostk (2). 3 Bang & Aroos pf Beatrice Creame: Belding-Hemingway. : Bendix Aviation. . g Best & C 4 Bethlehem Steel % Bethlehem Steel pf.. Blaw Knox 2 Bohn Alum Borden Co (1.60) Borg Warner Briges Mfg Co E Bklyn Manhat Tran. Bklyn Man Tr pf (6). Bklyn Union G: 5 Brown Shoe pf Bruns Term Bucyrus-Er Bucyrus- rlo cv pf . Budd (E G) Mfg Budd Wheel. .. Bullard Co. s Burrough A ) 5 Bush Terminal = Bush Term deb stk. . Bush Term pf (T Butte Copper & Butterick Co 1 520s 80s > 3 46 lifornia Packing. . ‘alumet & Hecla. . ... a Dry G A (1). nadian Pacific Case (J 1) Co.. . Case (JT) pf (4).... Caterpillar Tractor.. « 010[1—‘( pf Cent Aguirre Century Rib M pf(l). Cerro de Pasco. rtain-teed Prod. es & Ohio (214)... Chesapeake Corp (2), Chi & Eastern 111 pf .. i Chi Great Western. .; Chi Great Westn pf. Chi Mil St P & Pac. .. Chi Mil StP & Pac pf. Chi & Northwestern., Chi & Northwest pf.. Chi Rock I & Pac. % ChiR1& Pac 6% pf.. 4 ChiRI& Pac 7% pf. Chi Yellow Cab (1).. Chrysler Corp (1) . City Ice & Fuel (2).. City Ice&Fuel pf 6 City Stores. .. Clark Equipment. 4 Coca-Cola Co (7) Colgate-Palm-P (1) Colo Fuel & Iron. ... Colo & South 1st pf.. 4 Coiumbia &as (b1).. Columb Gas pf A(6)., % Columbia Pic ctfs. .. Columb Carbon (2).. Commercial Credit. ; Comc’l Credit (A) Comecl Cred pf (1 Comel Cred 1st(63%). Comel Cred pf B (2 4 Comel Inv Trust (2). Comel Inv cv pf(e6). Comecl Solv (60c). ... § Comwlth & Southn. . 71 Comwlth & Sou pf(6) Congol-Nairn (60c).. Consol Cigar . Consol Cgr p “onsol Film pf.. Consol Gas N Y ( § Consol Gas NY pf(5). Consol Laund 50c. Consol Oil Corp. Consol Textile 15 Contl Baking (A). “ontl Baking (B)... Contl Baking pf (4) Contl Can (2). Contl Diamond Fibre Coln D Contl Motors. Contl Oil (Del). Corn Products (3) Coty Ine Corn Prod pf (T) Cream of Wht Crosley Radio. Crown Cork & Seal Crown C&S pf (2.70). Crucible Steel pf.... 1 Cuban-Am Sugar. Cudahy Packing 2% . Curtis Publishing. .. Curtis Publish prm - Curtiss-Wright. . Curtiss-Wright (A). Cutler Hammer....... . 1301 O 2 1% Davega Stores (h3). 1 Davison Chemical. .. 61 Deere & Co pf (20¢). 375 Delaware & Hudson 17% Del Lack & jyestn. .. 55% Detroit Edison (6)..: 17% Diamond Match (1).. 26% Diamond Mach pf 115 12% DomeWines (11.30). 10% Dominion Stores 1.20 10% Doug Aircraft (75c).; I+ )it YY1 ER L% AL L+ 61% 50% Iastman Kodak (3).. 123 120 6 20% 1% 1% Th 18% 18% l‘ 8% & StLpt, 106 . N!t@ulem (3190 Wl 10'! 10’! I.O‘I . 7 Federal Screw Wks. . I Duques Lt 1st pf (6) . 50! Eastman Kod pf (6) .. 122 314 Faton Mfg Co. .. 3t 11% Elec Auto-L (1.20). 1 Electric Boat. ¥lec & Musical Instr. Elec Pwr & Lt. Elec Pwr&Lt $6 Elec Pwr&Lt $7 pf. Elec Storage Bat (2 Endicott-Johnson(3) Engimeers Pub Svc. Erie R R 1st pf. Eureka Va Cleaner ns Auto Prod shion Park As pf. . lin- 1% Federal Mot Truck. . 1% Fed Water Service A. 30 7% Fed'd Dep Strs(60c).. 5 13% Fidelity-Phoen 1.20.. 27 9% Firestone T & R (1)., 50'% Firestone T&R pf(6) First Nat Strs (232). Foster-Whe Foundation Co. Fourth Nat Inv % Fox Film (A) Franklin Smn p 17'-4 Freeport-Te: Gen Am Investors. Gen Am Tank Car(1) sen Asphalt. Gen Baking (2) ien Bronze. n Electric (40c)... Gen Elec spec (60¢) .. Gen Foods (2). Gen Gas & Eled Gen Mills (3) Mills pf ( n Motors (1) Gen Motors pf (59. Gen Outdoor Adv. ... Gen Outdoor Adv (A) n Prtg Ink pf (67.. Gen Puiblic Service. . ien Ry Signal (1). n Realty & Util pt. n Refractories ). Goodrich (BF)...... Goodrich (BF) pf. Goodyear Tire&Rub. Goodyr T&R pt (2).. Ik Hosiery Graham-P: anby Consol. 2615 Hacken Wat pf A 1% Hahn Dept Stores Hahn Dept Stor § Hall W I Printi 4 Heime (GW) (7). 3 Hercules Powder 113 Choc (5) . Homestake Min (9) . Houdaille-Hersh(B). Houston Oil Houston Oil Howe Sound (40¢). Hudson & Man (23%%). Hudson Motor Car... Happ Motors. : 1ilinois Central Illinois Cent 11 Industrial Rayon ( Ingersoll-Rand (1% Inland Steel. . Inspiration Copper nsuransh Del(15¢). .. 4 Interboro Rap Trans. Intercont] Rubber. .. Interlake Iron. Int Bus Mach (6) rs Ltd Int Comb pf ctf. Int Harvester ( Int Harvester pf (7). Int Hydro-Elec (A). Int Merchant Marine. Int Nickel of Can.... Int Paper pf... i Int Paper & Pwr pf. Int Rys Cent Am pf.. Int Salt (1%) Int Silver pf. 5 Int Tele & Teles. interstate Dept St. 11% Islarid Creek Coal (2 24% Jewel Tea Co (3) 13% John: 58 John nv pf (7) 35 Jones & Laugh pf(1) 7% Kansas City Southn., 3 Kaufmann Dept St T 674 Kresge (SS) Co ( 27 Kress (SH) (f1).... 14% Kroger Grocery (1).. 21'4 Lambert Co (4). Lee Rubber & Tire. .. & Lehigh Valley R R Lehman Corp (2 Lehn & Fink (2). Libbey Owens Gl Ligg & Myers B (15). Laly Tulip Cup (1%). Lima Locomotive...; Link Belt (80c) Liquid Carbonic. Loew’s Inc (3).. Loft Inc 14 Loose-Wiles Bis % Lorillard (P) ( Lou Gas&EL A (1%). Louisville & Nash. .. Ludlum Steel McAgdrew For MecCrory Stores. MeCrory Stores p; McIntyre P M(11%). McKeesport T P (4) . McKesson & Robbins McKesson & Rob pf.. Mack Trucks (1).. Macy (RH) & Co (2). Magma Copper(50c) . Manati Sugar pf Manhat Elev mod gtd Marine Midld (80¢) ., Marlin-Rockwell (1) . Marmon Motor Car... Marshall Field & Co. 4 Mathieson Alk (1%). May Dept Stores (1). Melville Shoe (1.20) .. Miami Copper. . Mid Continent Petm.. Midland Steel Prod. ., Minn Moline Pow Minne & St Louis. ... Mo Kan & Texas. Mo Kan & Texas p: Missouri Pacific. Missauri Pacific pf Mohawk Carpet. ... Monsanto Chem 1% . Montgomery Ward Motor Meter G & Ei Motor Produects. 4 Motor Wheel. % Maurray Corp. . Myet FE&Bro (1).. Nash Motors (1). 13 Nash Chat& StL 1% Nat Acme Co. . 3113 Nat Biscuit (2.80). 6% Nat Cash Reg (A). 10% Nat Dairy Prod (2) 16% Nat Distillers it 1 - 15% Nat Stéel (50c). . 5% Nat Surety. . 6% Nat Tea (60c)... 1% Neisner Brot! 4% Nevada Con Cdbpe: +11 o S T T AR Y l 125 ' S 241 Pacific Gas & El % 31 Pacific Lighting (3). -2 to 1 January 15. 31 N Y Shipbldg pf (7) N Y Steam pf (6). s Y Steam 1st pf(7). 2708 Noranda Min (a1.10). 121 Norfolk & West (8).. 3! Norf & Westn pf (4). 3 4% North Am Aviation.. 77 17% North Am (b8 %stk). 410 11 Northern Pacific 1 5% Ohlo Of 1% Oliver Farm D 104 Otls Elevator (1) 2% Otis Steel 47 Otis Steel pr pf. 35 Outlet Co (4). 321 Owens 11l Glass Pacific Coast 106% Pacific T & T pf (6) 2 Packard Motor Car. . 15 Panhandle Pro&Ref Paramount Publix Park & Tilford. Park Utah. Pathe Exchange. . Penick & Ford (1). .. x 41 Penney (JC) (1.80).. 181 Penn Dixfe Cement. . Penna RRX (h50c % Peoples Gas Chi Pere Marquette pt Pere Marquette pr pf ’lzn- Petrol Corp of Am Phelps Dodge. . . Phila & Read C&T1... 48 Phillips Petroleum.. 62 Plerce-Arrow. l'hnemx] Pitts U ul(-ll Bf. Plymouth Oil (1 Proctor & ( % Public Sve Puliman Corp (3). Pure Oil. . *ura OIl pf (8) arity Bakeries (1) Radio Corp 4 Radio Corp pf (A).. Republic § ublie &v-dv{ Reynol R Richfield Oil Royal Duteh. . tores (3). rs pf (6). lv)u ph Lead feway Sheil Union Ol pf Simmons Co cony Vacuum 40c. v Am pf ww (512). So Port l.m}fluz 1.60. Southern Cal Ed(2). Southern 1 Southern Railway Southern Railw rks-Withing’ ndard Brands (1). 12% 10% Sterling Secur (A) Siewart Warner. Store & Webster Stucebaker Cor Studebaker pf Superheater (50¢)... % Superior Ofl. .. 4 Superior Steel. ‘Tennessee Corp. P ! 1 Texas Corp (1).. 1t , Tex Gulf Sulphur( A Tex Pacific Coal&Oil. 4 Tex Pacific Land Tr. Thatcher Mfg Co. ... 4 Thitd Avenue. ‘Thompson (J R) 1l)- 4 Thompson Starrett. . Tide Water Asso Oil. 4 Timken-Detroit Axle Timken Roller Bg(1) Transamerica Corp. + Tri-Contl Corp. Tri-Contl Corp e 4 Trico Products(23%). 5 Truax Traer Coal.... Truscon Steel 97 Und- her (506 54 Union Bag & Paper 19% Union Carb & C (1) Un Ofl of Calif (1) Union Pacific (6) Union Pacific pf (4). 141 % 16% Unit Aircraft. s 53% — " 4 Unit Aireraft pf (3). 75 314 Unit Biscuit (2). 7 Unit Carbon. 5% 6 Unit Corp (40¢).. Bk Unit Corp pf (3). 21 5 5 Gypsum (1.60) nd Alcohol. S Leather. *S Rubber 15t pf. mtg & Ref (1 +H0pn et v S Tobacco (4 10) Univ Leaf Tob pf(8). Univ Pictures 1st pf. “til Pwr & Lt (A). .. Fanadium Corp. Va Elec&Pw pf (6).. % Vulcan Detinning Wabash R ¥ Wabash pf (4 Ward Baking ( Warn Bros Picture Warner Quinlan. Warren Bros. West Pa E West Pa Elec pf (7). West Pa Pwr pf (7). Western Maryland Western Union. ting’se Afr B( Westinghouse El Weston Elec Instru. . Westvaco Chlorine. . Wheeling Steel pf. .. White Rock M S (2). Wilcox Oil & Gas Wilcox Rich A (2 Willys-Overland. : Woolworth (2.40) . Worthington Pump. . Worth Pump (A). g Wrigley (Wm) (3). 4% 213 Yellow Truck. 2% 20 Yellow Truck pf. 6% 3 Young Spring&W (1)’ 131, \mmkflnwn Sh&Tn. 1 5 10:30 A.M. 1:30 P.M. 310.000 780,000 Dividend rates as given in the above payments based on the latest quarterly ornhbl sUnit of trading less than 100 shares. 4% in stock e Payable in cash or stock. 14 i © Pavatle in serio us 1Plus $1 in special prefe: ‘m Paid 'last yeAT—-no regular® rates e Sales of Stocks on New York Exchm ‘annual cash | Pty dec(llnuons | extra. aPaid this vear—no regular_rate. 'bpun ible_in | 1 Pl stock. b Plus LBhis 35 a | nPlus 5% in stock. sults in New Lows for Leaders. ~ BY GEORGE 1. HUGHES. ‘The decline in the stock market was resumed in the last hour of today's ses- sion. Up %o that time it had been firm and generally slightly higher. When the liquidation was resumed, however, activity picked up and numerous new lows were reported. Stocks that brok through their old 1933 resistance points included U. S. Steel common, Allled Chemical, oCn- solidated Gas, General Motors, Stand- ard Oil of New Jersey and J. I. Case. As a rule the losses were not large and would not have been considered sig- nificant if the reaction had started from a higher level, Wheat closed fractionally lower, al- though earlier in the day it had reg- istereds gains. All deliveries of corn made new lows for the season right at the end. Foreign exchanges were high- er against the dollar all day, but not importantly so. The market gave a surprisingly good 4 | account of itself all through the morn- | ing. Stocks were a shade lower at the opening, but almost immediately thereafter the market hardened, All attention was, of course, concenfrated , | on the banking outlook. The entrance of Henry Ford into the Detroit situ- ation was considered constructive and led to the hope that similap actiog | would be taken in other ceme&s whery there have been disturbances. On thy other hand, the closing of the Cleves land Stock Exchange and the restrice | tions put upgn withdrawals by banky in that city and in Indianapolis showe | | that the problem as a whole was stil] | unsolved. The market continued to look for a statement from the new administration | or in its behalf as to upholding sound money standards. If such a statement were forthcoming it wouid be the most helpful thing that could be done. For it was not only the banking troubles, .| but the movement for currency inflation which gave concern. The markets are suffering from the general lack of con- 1 | fidence, not from any deterioration in % | trade prospects, which on the contfary are brighter. FEEL+ 0+ % +L0lH1I+10000+ T1%| The gains during the morning were ,, | most noticeable in Air Reduction, ~ % United States Steel preferred, South i | Puerto Rico Sugar, and the tobacco % | stocks, ‘Among the’ rail. Atchison ang | Union Pacific rallied. A part of this | betterment was probably the result of short covering, but it did not look as % | though that were the only kind of | support. . CHICAGO DAIRY MARKET. | CHICAGO, February 27 (#).—Butter, receipts, 8533 tubs; unsettled; cream- ery specials (93 score), 1814al8: extras (92), 17%; extra firsts (90-91), (88-89), 17al7;; seconds ; standards (90 centralized s), 17%. Eggs, receipts, 10,027 crates: firmer; extra firsts, 131;; ncsh mded firsts, 13!5; current m:epts 12% 6 1 A O MORTGACGCE LOANS In the District of Colum- bia and Nearby Maryland and Virginia EAVER BRO REALTORS Loan Correspondent of the ~Metropolitan 3Plus Grain Market || | | By the Associated Press. | CHICAGO, February 27.—Notable| steadiness characterized grain \zlues‘ early today. Stock market rallies be- fore grain trading began were a strengthening factor. Opening at !4 decline to a shade ad- | vance, wheat afterward held near the‘ initial limits. Corn started unchanged | to 15 higher, and subsequently altered | little. Wheat gradually edged upward an.:r' keeping within a range of only !» cent during a considerable time, in securities acted as the chief basis | of buying. Offerings of wheat were | rather meager, and were readily ab- ' sorbed, especially on slight dips in| prices. NEW YORK BANK STOCKS NEW YORK, Fcbruzry 27 (#P).—Over- the-counter market: Quotations &5 of 2 oclock. BANKS. Bk Manhattan TRUST COMPANIES. Bankers' () Bklyn Trust (1 Cen Hanover (*7) Chemical (1.80) Continental (1.20 Corn Exch (4) Erapire (1.60) Guaranty (20) Trving (1.60) Manufacturers tates (G0) *Includes extra. — o Increase in Employment. CHICAGO, February 27 (). The Federal Reserve Bank of Chicago re- ported “small increases in both aggre- gate employment and pay rolls” in the seventh district for the month ended 6% INTEREST on D. C. Property LOANS For Re-Financing Pres- ent Holdings or Purchas- WRE No Renewals. .. No Commissions Member D. C. Building A Council WhTIONg, PERMANENT BUILDING ASSOCIATION 4y SH9-0%4 ST. NW. & ot "‘"t.y,m us-t! Acvances | = Bid. Asked. ||| e BELLAS HESS PREDICTS |iness procedure dictates anticipation of | | & more stable price level. STABLE PRICE LEVELS | Life Insurance Company Washington Building District 9486 Special Dispatch to The Star. NEW YORK, February 27.—Two mil- lion copies of the new Spring and Sum- | mer catalogue are being distributed by National Bellas Hess, Inc., successor to | the business of National Bellas Hess | . Inc. Prlces quoted in the new catalogue | are higher than quoted in the last two | editions, indicating some general im- | provement in commodity prices and the | belief of the company that prudent bus- | 6% FIRST MORTGAGE NOTES Secured on Conservatively Appraised Homes in the District of Columbia DENOMINATIONS $250 UPWARD 'BOSS & PHELPS | 1417 K § 9300 | First Mortgage Secured and income-producing prop- erties Maryland suburbs. H. L. Rust Company 1001 Fifteenth Street Notes on residences and adjacent National 8100 Ask our TRUST OFFICERS about the Advantages ofa LIVING TRUST Agreement Appointment in all TRUST Capacities Invited itself. National Metropolitan Bank THE OLDEST NATIONAL BANK IN THE DISTRICT OF COLUMBIA Capital, Surplus & Undivided Profits Over $2,300,000.00 15th Street, Opposite U. S. Treasury AFFILATES OF THE ROOSEVELT ADMINISTRATION - those who will reside in Washington for the next four years . . . are invited to make use of the various services offered by this 119-year-old bank . .. which has been in existence almost as long as the National Capital ® In.addition to a broad and comprehensive banking service, we maintain a completely equipped Trust Department as well as Safe Deposit and Real Estate Departments . . . all of which will be pleased to serve you. YOUR CHECKING AND SAVINGS ACCOUNTS ARE INVITED INTEREST PAID ON SAVINGS Open Until 5:30 P.M. Feb. 28th and Mar. Ist for Payday Depositors’ Convenience. The First National Bank in the Unitgd States to be granted Trust Powers, under the Federal Reserve Act