Evening Star Newspaper, March 3, 1933, Page 14

FINANCIAL. FINANCIAL BETAL SALES OFF| TRANSACTIONS ON ANSACTIONS ON THE NEW YORK STOCK EXCHANGE Hygyh 190_131( STOCK EXCHANGE JB7PERCENTIND.. %':Y'.'.'G".:‘.{“ W‘.m... oo ..‘.“#.‘.‘ur January Report Shows TH v.a%"n‘?:'aa'-"sm.m.'-m '."!'4- priess B o 3% Tide Water Anao Of1. 78 ”Shrinkage From Same AdvBumley.. ;* " Month in 1932. NOTE—Toda: dividaal sales not given in this editien. Sales of sach .ml "| 3 cdition are from yésterdar's u'-. 03 and Bales— nmdend Rate. Add 00. !lll w' M Abram Strauss pf (7) 100s 17 ‘ 8“ 1w 0% uv. Sates 30 Taah sotk "%..-u.-mar...m ~Prev. 1933—~ Stock and High. m 00 Low. m M ++I - ### exf 2“wss®x = 49% Firestone T&R pf(§ 2% 4 43 First Nat Strs (3%). 3% + % 4 Postal Tel&Cable pf. 48% Tri-Contl Corp pf(6). 4 474 -1 s 7 Alaska Juneau(60c). uu % Pressed Steel Car. 2% Truscon Steel 2 lng Mornmu. / Alleghany Corp. . 19 il 4% Foster-Wheeler. 2 Foundation Co. 13% Fourth Nat Inv 1. ID 19% Proctor & Gam(1%). ‘Aliek Corp pf $30ww. mv. 101 Proc & Gambpt (5)... 2608 190 Union Carb &6 (1) v x T2 Allled Chem & D (). e st e sl O LB 814 Un Ol of Calif (1) 5 BY GEORGE T. HUGHES, s mers 8. ¥ Speclal Dispatch to The Star. NEW YORK, March 3.—Stocks ad- 1% Fox Film (A). 87 Public Sve NJ pf (6). Amal Leather pf. 64% Union Pacific (6) vanced in hecti¢ trading in the early 16% Freeport-Texas (2) 10% +l 95 Pub 8vc G&E pf (5) 4 Amerada Corp (2). 16% Unit Afrcraft........ +1% hours of today's session and quieted _— 2% + % 2% Gen Am Investors. .. 13% Gen Am Tank Car(1) 4% Gen Asphalt 13 Gen Baking (2). 2% Gen Bronz 13 Gen Cable. . (A ¢ BY EDWARD C. STONE. Details from the monthly report of “the Federal Reserve Bank of Richmond «show that retail sales in Washington ~were off 16.7 per cent compared with “Jamuary 1932, with 18.1 per cent for the January average decrease for tae whole fifth district. The report is ~ore favorable than in many other re- «~oent months, the Richmond Bank says. Retail sales in Baltimore were down *198"per cent in January but in Rich- mond were off only 165 per cent, a .glightly better showing than the Wash- ington report. A group of other cities noted a slump of 19 per cent. The de- ~erdases were ascribed as largely due *10 ‘price reductions. Stocks on hand on the shelves of the “reporting stores were down 16.5 per centrin the whole district in January, ebmpared with stocks of goods at the “end ‘of January, 1932. This was con- sidered as a seasonal reduction. In Wishington stores, stocks on the ‘shelves were off 17.4 per cent compared with the end of January of the pre. vious year. Baltimore stocks were 14.4 per cent lower and in Richmond 14.5 per cent lower. ocks of goods were lowered in all ‘thé"fifth district stores in January com~ i with the last day of December. ks 1n Richmond werz 10 per cent Jower than at the end of 1932, 15.7 pe! cent: in Baltimore, 9.9 per cent in ‘WasHiington, 6.5 per cent in other cities a&d 11.4 per cent for the fifth district T 4 Fuller Co 2d pf. 18 Pullman Corp (3). 511 Unit Afreraft pf (3).. Am Ag Chem (Del) 2% Pure Oil. .o 13% Unit Biscuit (2). 2 10% Unit Carbon. 5% Uait Corp (40¢). Unit Corp pi (3). UnitFruit (2)....... 45 Unit Gas&Im (1.20).. 40 Unit Gas&Im pt (5).. A 7nit Plece Dye Wk Unit Pce DW pf6%. ’.‘0. U 8 & Forn Segur. U S Gypsum (1). U 8 Gypsum pf (7) U 8 Ind Aleohol. [ l! Pure Oil pf (2) . 10 - 5% Purity BLkerlel a). (] 3 Radio Corp.. 6%, Radlo Corp pf (B) 3% 1% Radio-Kelth-Orph 7% 5 Raybestos-Man (6 24 Reading Rwy (1). 5% Real Silk Hoslery... 2% Remington-Rand. 7% Rem Rand 1st pf.... 1% Reo Motor Car. 4 Republic Steel 9 Republic Steel pf. 60 Reynolds Tob A (3) 26% Reynolds Tob B (3) % Richfield Oil. ... . 17% Royal Dutch........ 28 Safeway Stores (3). 80% Safeway Strs pf (7). 6% St Joseph Lead. St L-San Francisco. St L-San Fran pf. Schulte Retall Stol Seaboard Air Line Seaboard Ol (150c). Sears Roebuck. Second Nat Inv. Second Nat Inv pf. Seneca Copper Servel Inc. Sharp & Dohme. Shattuck (FG) (5 Shell Unfon Ofl. Sheil Unton Ofl pf Simmons Co. Am Bank Note. Am Beet Sugar pf. Am Brabe Sh&F 60c. Am Brake Sh pf (7).. 3 Am Can (4) . Am Car & F Am Car&l-‘oundr)‘ DI Am Colortype. . ‘Am Come'l Alcohol Am European Secur. % Am & Foreign Pwr. . Am&Forgn Pw pf(6) 4 Am & For Pw pf (7). Am & For Pw 2d pf Am Haw Stship (1).. Am Home Prod 4.20. Am Ice Co. Am International. Am Locomotive pf. .. Am chh&i‘dy(l%) o Am Metal Co. Am Metal pf. Am Power & Light AmP&Ltpf A (23%). 5 Am Pwr & Lt pf (3). Am Radiator. Am Rolllng Miils Am Safe Am Shipbuilding (2) 2008 %« Am Sm & Ref. . 32 Am Sm & Ref 7% Am Steel l’-‘eundry. . Am Stores ($2%). 4 Am Sugar (2) An, Sumatra T Am Tel & Tel (9) Am Tobacco (5). . % Am Tobacco (B) (5). Am Tobacco pf (6) lol% lol\fi Am Type Fdrs pf ‘Am Water Works(1)’ xz-. Am Wat Wks ctfs(1) 1% 3% Am Woolen . 319 22% Am Woolen pf. A 22% 2% Am Zine & Lead. 5 Anaconda Copper Anchor Cap (60¢). Archer-Danlels (1) .. Armour of De¥pf(7). 4 Armour of 111 (A). Armour of 111 (B). Armour of TIl pt. 4 Artloom pf.. Asso Dry Goods. Atchison. = Atchison p Atlantic Coast Line. . Atlantic Refining(1). Atlas Powder pf (6). Auburn Auto (d4)... 51 Aviation Corp (Del). 37 Baldwin Locomot. 8% Baldwin Locomot pf. % down in ths afternoon, canceling & part of their gains, but leaving off higher on the day. During the morning the pace was so fast that the tape was 4 minutes be- hind business on the floor. Commodities were strong all day. Wheat closed 13 to 2 cents higher. Cot- ton was up $1.25 a bale at one time. There was active buying of sugar, silk, hides, rubber and other staples. The credit strain was intensified. Call money renewed at 3!, per cent and it went to 4 per cent in the last hour, the highest since September 29, 1930. Bids for all kinds of accommodations were raised without attracting offers. Bonds of the speculative type moved more or less with stocks, but for United States Government issues there were large offerings at or just above the market. Bank stocks were strong without ex- ception. The foreign exchanges con- tinued to move against the dollar, par- ticularly the European gold currencies. z{.lonlreul funds advanced late in the y. Every scrap of Washington news was | seized upon for a hint of what might | happen in the way of legislation, but | little was thrown on the situation. The market opened quiet and slightly lower, but in half an hour it had recov- ered the initial loss and from then till | noon, under urgent buying, it _advanced 2, 3 and 4 points. American Telephone crossed 101, up 3 points on the day and between 5 and 6 points up from the opéning. Union Pacific at 71 was up nbil:l‘?::nf) 3poll'A':f eram\n‘t:‘e first sale and an pol net. Gains in e st Neyiand o other stocks were on a proportionate Westing’se Air B(1). 7 y . | scale, with all groups sharing more or Westinghouse Elec.. 53 Westinghse 1st um 508 Weston Elec Instru. 1 Westvaco Chlorine White Sew Mch pf... Wilcox Oll & Gas. ... 4 Willys-Overland Wilson & Co. e 11% Gen Elec spec (‘Oc) 21 Geff Food: % Gen Gas & Elec (A) s (2).. - e FEFEFEF FEOF 1 - bt b L P EEE PEIEEF PFEEES U'S Leather (A) . U S Pipe&Fdy (50¢) .. U 8 Pipe 1st (1.20)... U 8 Realty & Imp. U 8 Rubber U S Rubber Ussng&net ay.. U S Steel.... U S Steel pf (2).. U S Tobaceo (4.40) .- Univ Leaf Tob (2 Univ Leaf Tob pf(8). Wl Univ Pipe & Rad pf.. 10s 2% Util Pwr & Lt (A)... 10 % Vadsco Sales Corp 4% 7% Vanadium Corp. 15 -Car Chem 7% pf. 20% 12% Vulcan Detinning. Wabash RR ........ Waldorf System (1), ‘Ward Baking (B). Ward Baking pf (2 ‘Warn Bros Picture: Warner Quinlan. Warren Bros ‘Warren Broscv pf Warren Found & P Wesson O & Sn (50c) Wesson O&Sn pf (4). West Pa Elec A (7)., West Pa Elec pf (6). Western Dairy (B).. ++ L £8 BB £ FEEFRLRSELE 213 Gen Refractories. 12% Gillette Saf Raz (1).. 63 Gillette Saf Rpf (5). % Gimbel Bros 5% Gimbel Bros pf.... 3% Glidden Co. 3 Gobel (Adol! 12 Gold Dust (1.2 3 Goodrich (BF).. 9% Goodyear Tire&Rub. 27% Goodyr T&R pt (2) 9% Gotham Silk Hoslery 1'a Graham-Paige... 3% Granby Consol. ... 3% Grand Union. .. 22% Grand Unlon pf (3) 15% 6% 5% Great West Sugar. . 12‘4 Great Wn Sug p(7). % Grigsby Grunow.... 4% 2% Gulf Mobile&Nor pf. 125 6% Gulf States Steel . 10% 17% Hackensack W (1%). 913 Hahn Dept Stores pf. 1". % Hayes Body. 95'% 873 Hercules Pow pf (7). B7% 45 Hershey Choc (5).. 7 313 Holland Furnace. Homestake Min (9) 1 Houdaille-Hersh(B). 15% 8% Houston Ol . 3% 1% Houston Ofl 8% 53 Howe Sound (40¢). 15% 11% Hudson & Man (2%4). 5‘: 3 Hudson Motor Car... 1% Hupp Motors........ 15\- 10% Illinois Central 32% Illinois Cent11 (4). 27% Industrial Rayon (2 19% Ingersoll-Rand(1% ) . 12 Inland Steel.. 2 Inspiration Copper.. 2% Insuranshrs Del 15e. 414 Interboro Rap Trans. 214 Interlake Iron . 75% Int Bus Mach (6).... Int Carriers Ltd 20c., Int Cemen Int Harv Int Harvester pf (1) 4 Int Hydro-Elec (A).. Int Nickel of Can. . Int Paper pf.. Int Paper & Pwr pf. Int Rys Cent Am pf.. Int Salt (1%).. Int Silver. . - +1 4 FRIRER R Fh L HEEE 4+ | S - 14+ + +4+4+01++1+1++++ 1444 4-+||+++ + RoarrsRaranmm +3 4+ sFE +1 L awn =3+ ++ 14441+ [ ++ ha 133 +i1++1010 |;+ 1 EEE F +4+ Exd ollections showed some improve- ment.s during the month. The per- cefitage of receivables collected during Jajtuary was 344, in Richmond 295, in° Baltimore 237 and in the whole lflgflcz 28.2 per cent. “Not only was retail trade better in Jihiary than in«most other recent months, but wholesale trade also im- proved, making the best comparable ShoWing in more than three years. The bank-added that better business condi- tiors prevailed during the first half | ‘of ‘Pebruary, or up to the time the mohthly review went to the printer. Sirice that time there has been an upturn in the residential construction in the fifth reserve district. - Rapid Transit's Net Reported. “Operating income of the Washington id Transit Co., in January, amount. $32,814.26, as compared with $3! 87757 a decrease of $6,063.31, accord- “fng‘do the monthly statement filed with the Public Utilities Commission. Oper- ating expenses and taxes totaled $36,- 219.38 in comparisn with $45,357.97 a year ago, a reduction of $9,138.59. Operating income for January showed e s $3,305.12, as compared with the less 20 = Bangor & Arostk (2). favorable deficit of over $6,000 in the 4213 Darnsgall Corb? same month a year ago. . “Non-oerating income for last month | 3 27 {;:3,“,12‘5,1:;‘,,:;’,‘,’ ‘was $89.68, in contrast with $126.61 in 4 Belding-Hemingway this item in January, 1932, a decline of Bendix Aviation. ... . $36.93. Gross income, less operating Best & Co expenses and taxes, also presented a Bethlehem Stee dafibit of $3,315.44, which was $3,038.35 Bethlehem Steel pf. under the deficit of $6353.79 in this Bohn Alumn & Brass item in the month last year. Borden Co (1.60) Deductions from gross income for last iz Waraee month amounted to $3,007.47, compared « Briggs Mfg Co. .. with $2,806.61 for the similar period in Bklyn Manhat Tran January, 1932, an advance of $200.86. Bklyn Man Tr pf (6). e net income item showed a net loss Bklyn Union Gas (5). 6f $6,322.91 for last month, compared Brown Shoe (3). Skelly Ofl. Snider Packing. Socony Vacuum 40c. So Port Ric Sug 1.60. So Port Ric S pf (8). % Southern Cal Ed(2 Southern Paclfic 4 Southern Railw Squthern Railway pf Sparks-Withington. . Spencer Kellogz (60¢) Standard Brands (1). Stand Gas&F! Stand Gas& and Invest Corp Stand Ol Calif (2). Stand Oil Exp pt (5). 1+ + +11 o4 Brr sse s less, { At the new’ high level realizing was encountered and a moderate reaction followed, but on this selling volume de- chhned e explanation of this lay of strength in the face of wmm‘\’f&? weak- ness in United States Government | bonds, further restriction on with- drawals of bank deposits and tighter money was apparently public belief that some sort of radical inflation was at | hand. This ,view was partially con- firmed by the parallel strength in com- modities. While this spectacular ad- vance was going on in stocks, wheat in | Chicago rose over 2 cents a bushel, cot- ton gdined over a dollar a bale and sugar ran up 2 to 4 points. L+H++++444 +41 + s Stand OII N J (1) Sterling Secur pf. S.ewart Warner - Stone & Webster Wirson & Co (A) Studebaker Corp 25‘ Woolworth (2.40). Studebaker pf. 16 8 Sun 0il (1) Sun Ofl pf (6). Superheater (50c) Superior O11. Superior Steel 8% Telautograph (1). 1% Tennessee Corp. 10% Texas Corp (1). 15% Tex Gulf Sulphur(1) W Dividend rates as given in the above table are lhe annual cash 1% Tex Pacific Coal&Oil. 4 | payments ts based on the latest quarterly or half-] ye-ny decllrlunns 5 Thatcher Mfg Co. 1 | stock. e Payable in 4% Third Avenue....... 4 2’7- in stock. |F)ul S1 in special preferred stock. och. m Pald last year—no regular rate. ~Re% +ls ERLER F FEF SEEFEE TA4+44 014+ 441 +++++ Worthington Pump. . 4% 2% Yellow Truck B | 5 6% 4% Young Spring ) 1313 Ty Youngstown Sh&Tn. 5 3% Zonite Products. . Sales of Stocks on New York Exchange. 850,000 . 1,210,000 Heommmre Ll + Banlaa U. S. TREASURY BALANCE. By the Associated Press. Treasury receipts for March 1 were $106.262,277.82: expenditures, $123,680,~ 701.96; net balance, $204,061951.8( Customs duties for the day were 2, 054.53. ¥ e eash o stock. [ Elus 8% i stock. " h Pl k Plus 3% nPlus 5% in stock. % Thompson Starrett. 2 g eader m Enid e NEW YORK EGG PRICES Reichsbank Statement. BERLIN, March 3 (#)—The Reichs- Greece ex ce expects its 1933 1 YORE, March 3 (Special) — bank statement as of February 28 yield tobflnenrl)sihsper centti:ol\e :{101‘: Quotations for eggs in the wholesale | SHOWS the following changes in Reichs- Of last year. marks: Gold and bullion decreased 17,- 5% . . — e 28% 23 Jewel Tea Co (3) 23% 12% Johns-Manville 110 106'% K C P&Lt 1st pfB(6) 11 615 Kansas City Southn.. 16 12% Kan City Sou pf (2).. ——— CORPORATION REPORTS ¥ cash market today were: - ‘With one of $9,160.40 for the month a year ago, a decline of $2,837. 49. . Life Insurance Given Praise. ° e monthly luncheon of the District of Columbia Life Underwriters' Asso- Brunswick-Balke Bruns Term & Rwys. Bucyrus-Erie cv pf.. Budd (E G) Mfg..... Bullard Co. . Burrough A M(10c). {nyur (J) & Co. Kennecott Copper. Kresge (SS) Co (1) TRENDS AND PROSPECTS OF LEADING ORGANIZATIONS. Mixed colo; Special packs, 15!, 16%; standards, 15a15%;; firsts, 13%a 14; seconds, 13%,al3'; medium, 13a 131;; dirties, 13a13!3; checks, 12%a 790,000, reserve in foreign currencies increased 17,987,000, bills of exchange and cheques increased 182,453,000, silver | and other coins decreased 117,879,000, STATEMENT OF THE CONDITION The Union Labor Life Insurance Co. 4+ NEW YORK, March 3—Following i | 13,2/ today’s summary of corporation news| 29 prepared by Standard Statistics Co., w Inc, New York, for the Associated Press: Advertising, Printing and Publishing. Internaticnal Printing Ink — 1932 deficit €116,717 vs. net income $57,536. © Automobiles and Trucka. and foreign demand for motor fuel in American La France & Foamite Cor-| the first half of this year will be 76| NEW YORK BANK STOCKS | M hifies iiror oeses nd poration—1932 deficit $525,834 ve. deficit | per cent less than in the first half of other ' pavments o 1932, according to an estim: $390,451. | Committee on Refinery Chrysler Corporation—Directors passéd | Sommitiee on Refinery 4 dividend for quarter ended March 31.| Institute. Much of the estimated drop Last payment was 25 cents, made De- | in exports is said to reflect a shift of | cember 31, 1932; 1932 deficit $11,254,282 | Sources supplying those m.rkets vs. net income $2,111,880. Cash and marketable securities cn December 31, 1932, were $42,602,494 vs. $50,232,836 on | (Quotations furnished by W. B. Hibbs & Co.) | Public (2) Nominal gold Sellmxflclk;ecks Whites: Nearby selected, 19%sa | Notes on other banks decreased 7853, Of Washinston. in the District o n receipts, special, 17i5a | 000, advances increased 203,175,000, in- | o5 dsv of December. s T61ha1T: Sandergradés, | vestments increased 131,000, other assets fl""?oru?ie nf:if“"o cmfn’m'."‘ osde et i2a16. Browns: Nearby and Western | increased 37624000, notes' in_circula- tion increased 244,645,000, other MAtUr- wew premiums ing obligations increased 37,487,000, “pren other liabilities Increased 15,606,000, otal gol oldings, 768,936,000; = — Motor Fuel Demand. note coverage, 274 per cent; rate of | Ouher income. . 1 NEW YORK., March 3 (#).—Domestic | discount, 4 per cent. ; —_— 923 Kresge (SS) pf (1) 14% Kroger Grocery (1). 22% Lambert Co (4)..... 8% Lehigh Valley RR. 37% Lehman Corp (2.40).. Lehn & Fink (2). ciation proved to be one of the most largely attended and interesting sessions r wme ‘time. '{hfi guest !pelkfl‘ 815 Byers (A M) a t of me Connecticut me 1n that % California Packing. . city. He pointed with pride to the Canada Dry G A (1). record made by the life insurance com- & Canadian Pacific. W@s ever since_the unfavorable con- Cannon Mills (1) Bush Term deb stk. Butte & Superior. .. 5 E FEFEE specul packs, 16'2al7; standards, 15a15%. o Renewal premiums Total premium income & Liggett & My erl( 15) A e & started. In concluding his ad- 4 Case (J 1) Co he said: Case (J 1) pt ‘The public has supreme faith in the !nsntutmn of life insurance, because, during the depression, the life insur- e companies have met every demand smade upon them and have actually hdded many millions to their assets. ; “Because of this the public now \realizes that life insurance not only Murnishes protection for their benefici- faries=in the event of death, but- gives ithem’a safe, sure investment to pro- ivide comfort and peace of mind in their od age.” . John P. Lynch, president of the local ‘association, presided. The Distriet underwriters are still talking about the Success of the annual sales conference 614’ Wwith the Baltimore association at he Shoreham. ! . Loan Directors Re-elected. ! Reelection of all directors of the PBafftheastern Industrial Loan Corpora- tion, was announced following the re- cent meeting of stockholders. The di- Yectors are M. J. Hine, Joseph A. Wil- wer, Ernest C. Ruebsam, Frank E. Ed- ngton, Charles O. Shaw, John B. chommer, Prof. Selden M. Ely, Charles . Potter, Edward P. Gruver, C. M. ‘Eisele, Lewis Eisele, E. V. Wilcox, F. G. + H. L. Schuh and W. L. Schuh. ¥ The directorate re-elected all officers 35 follows: E. V. Wilcox, president; E. . Ruebsam, vice president; C. M. Eisele, Hecretary; W. L. Schuh, treasurer; P. . Rogers, counsel. Company Earns $9.11 Per Share. ? Cowering its $6 annual cash dividend Yeqififements by a margin of 51 per nt, International Business Machines orporation, which has a plant in Nashington, reported for the year ended cember 31 net income, including that gzm foreign subsidiaries, of $6,407,757, ter all charges and Federal taxes. 'his- is equivalent to $9.11 a share on 703,345 no-par capital shares now out- ?ndmg and compares with $7,422,386 $10.55 a share reported in 1931. “The corporation retired bonds of par [ 5% Value of $769.500, and in addition de- | 17% flosited funds for tux;e a-enm?’enc of g:a 6,500 par value of bonds on January D e company now has out.| B6% 45% Corn Products (3)... 145% 126 Corn Prod pf (7).... Nat Surety. nandmg $1,488,000 of an original issue o 815 Coty Inc. 6% Ten (””' ke 1 7 00 of bonds. % qns, l\)ggzo m: company added to sur- 23 Creamof Wht 2% 4 Nevada Con Copper.. us $1,755,570 after payment of cash 14% Crown Cork & Seal. .. 1% Newport Industries. Endends at the rate of $6 a share, i 3:33:}:2:::}, Lk '2:'4 :.;X:,r. g:.:kle_ | i 1% Cuban-Am Sugar :. {&roday's Trading On Exchange. 10 Cuban-Am Sugar siness on the Washington Stock % 6% Curtis Publishing. Exchange today wound up the week s 30 Curtis Publish pf(7). With a fair amount of activity. The 1% Curtlss-Wright. . ale was a $1,000 transfer in Fo- 2y Curtiss-Wright (A). Yommc Electric Power 6s at 106. Later tler Hammer 0. the session $1,000 Washington Gas 3% 49% Ligg & Myers B (15). 123% Ligg & Myers pf (7). 4 10 Lima Locomotive 10% Liquid Carbonic. 11% Loew’s. Inc. 48 LoewsIncpf (6%).. 1% Loft Inc 19% Loose-Wiles Bis (2). 10% Lorillard (P) (1.20; % Loulsiana Ofl 15 Lou Gas&ElA (1% 21% Loulsville & Nash. 4__Ludlum Steel 914 McAndrew Forbes(1) 13% McCall Corpn (2) 18% McIntyre P M('H‘). 44% McKeesport T P (4 1% McKesson & Robbin: 4 McKesson & Rob pf.. 14 McLellan Stores. 1315 Mack Trucks (1). 24% Macy (RH) & Co (2). 6 Manhat Elev mod gtd 5% Manhattan Shirt. Total income DISBURSEMENTS. SemrRlannas FES Century Rib Mills. . $614.760.97 Cerro de Pasco. g Checker Cab Mfg Ches & Ohio (23%4). Chesapeake Corp (2 ) . 4 Chi Great Western. . Chi Great Westn pf.. Chi Mil St P & Pac... Chi Mil StP & Pac pf. Chi & Northwestern. Chi Pneumatic Tool. . Chi Pneu Tool pf. Chi Rock I & Pac... ChiRI&PacT% Df Childs Company . Chrysler Corp'n. City Ice & Fuel (2) Coca-Cola Co (7) Coca-Cola (A) (3). 4+ Colgate-Palm-P (1 Colg-Palm-P pf (6).. Colo Fuel & Iron. Col & Southn 2d pt. Coiumbia Gas (b1) Columb Gas pf A(6), umbia Pict vte. Columb Carbon (2).. Commerclal Credit Comc’l Credit (A). Comel Cred 1st(6%). Comcl Cred pf B (2. Comecl Inv Trust (2).x 11 Comcl Inv Tr pf 635 . 1505 Comecl Inv cv pf(e6).x Comecl Solv (60c) Comwlth & Southn mwlth & Sou pf(6) Consol Cgrprpf 6%. Zonsol Film pf...... Consol Gas N Y (4).. % Consol Gas NY pf( Consol Laundries. Consol Oil Corp Consol Textile. Container Corp (B).. Contl Baking (A).... “ontl Baking (B).... Contl Baking pf (4).. Contl Can (2). Contl Diamond Fibre Contl Insur (1.20)... Contl Motors. a Phbs +bdtdd] + +4bttbts srre N policy- ASeR disbuireemients: 1 NEW YORK, March 3 (#).—Over- D S the-counter market: Quotations _as of 2 o'clack Total disbursements R R RS e s ASSETS. Real estate Mortgage loans on real estatd. Policy loans and premium notes Bonds and stocks Manhattan (“ ghase atll 2) ommercial (%) © Pifth Ave (*44) H 3 Cash in office FOREIGN EXCHANGE First Natl (100) ; e e s L Oae and accrued > Net smount of u u‘c'lzned and deferred premiums All other ascets . ++ EF Brellon +:4~ +1 seFee #Fz g2 Deeemher 31, 1931 TRUST comauuss Motor Car lon—1932 Bankers (3) . Hupp Corporatic deficit $4,515,482 deficit $4,249,128. Bullding, Real Estate and Related Lines. | oo Johns - Manville Corporation — 1932 deficit $2,829,062 vs. net income $859,378. Food Products. Corn Prcducts Refining—1932 com- mon share earnings $2.77 vs. $3.54. rnré;zzr;, cro-m United Biscuit Co. of America—1932 | %2 cio¥ common share earnings $1.79 $3.71. | Ld dectared. divid fimu‘r“uuuuc«:. TR td., decl vidend of cents on 6% per cent cumulative preferred stock, | U. S. TREASURY CERT'IIICATES‘ payable in Canadian funds; previously | (Reported by Chas. D. Barney & Co. +1 |$1.62'; paid quarterly. R-le—-)‘-mr.ly e T Bid. 2 Investment Trusts. e Chicago Corp. liquidating value on December 31, $31.23 per share of pref- erence stock vs. $35 on November 14, 1932, Machinery. International Harvester Co. 1932 deficit, $7,582,879, vs. net .income, $1,346,537. Metals (Non-ferrous). %| Revere Copper & Brass, Inc., reduced % | price of copper, brass and bronze prod- ucts 3% cent a pound. Miscellaneous. General Refractories Co. 1932 deficit, S 3 82023 137, vs. net income, $236,820. g:““" ‘Hemingway 6s 1 All other disburseme: Gy .,’;.’:},‘;fd%‘,";,‘i“nfi‘;;",m““ Sinadinn f;?"ncy"im 13 rm Total disbursements. .. S5, i Quarterly dividend of 75 cents. 3 R R. b8 1 Net amount baid _policy- Real estate - holders for losses oiL Colorado & So. dlas 1 7 2% || Moctans All other disbursements. sy on com, puses, ey S Sl 1 | el o, %’;?%g:segnlnm 0 e e emany National Refining Co. directors de- | Ge Acents' balances ferred action on quarterly dividend on | Gi Interest and renis due or Preterred stock. last payment on which | Great Northern K. 7 6 18 was $2 a share on January 1, 1933. e Gae Lient 55, 1 Railroad and Rallrosd Equipment. | Keu York ‘é~§!;:2':' e International Great Northern Rail- thwm -relen' & 11‘ 1 road—January net operating income, | E¢nna. R R Co 0% lll 7745, vs. operating deficit of $62,400. New_ York, Antario & Western Rail- way—January net income, $62,604, vs. Capital pai 5, net deficit of $7,994 in January, 1932. Union EI Lt, & Pow. 5: Surplus over sl lisbiltiies St. Louis-San Francisco Rnlwuy— 3 £ Total Holders of 70 per cent of bonds affected . Co. 1939. i 3 gelr justment leAn have depoflted gs under St. Louis Southwestern Ratlway—san-| INVESTMENT TRUSTS operating def] ,008. NEW YORK, March 3 (). Motor u?;lcl.e, Retall Trade. the-counter market. _h:m%""x%mfi ’g}o common (Quotations a5 of 12 welock) Sears, Roebuck & Co.—Pro Am Bank stock reduce subscription price . of C 8l 296,222.74 ). 28 Cumulative, T’ 86 206,222.79 28% Pacific Lighting (3). 12 mmm employes from $50 | Gorpora Sl ase 516.82 .l ot (o FacineTel&TelN). 08 Waldor! System, Inc—1932 common | SeT® TX uo“.* ot civil i R Y Pacific Pt ( ! earnives” ST4T v ey 5 2 Packard Motor Car Bk SN W AR . (G e Agewm - L 80 motion and ex- % Paramount Publix. Steel and Tron. Pund . e 2 H % Park Utah American _ Rolling Mill Co.—1032 | i 2 14441 ross assets Deduct assets not admitted Total admitted assets @ o Net reserve. required hy la 1 Maracaibo Ofl Exp. .. Total polley elaime... 7% Marine Midld (80¢).. 2 Market St Ry pr pf 15, Marmon Motor Car 4% Marshall Field & Co. 14 Mathieson Alk (1%). 9% May Dept Stores (1). 13% Met-Gold Pic pf 1.89. 1% Miami Copper. . 3% Mid Continent Petm. 3 Midland Steel Prod. . 28 Midl'd St 1st pf (8). % MStP&SSMpf.. 5% Mo Kan & Tex: 11% Mo Kan & Texas p 2y Missouri Pacific. . . 313 Missourl Pacific pf. 251 Monsanto Chem 1% . 8% Montgomery Ward. 14% 7% Motor Products. .... 3% 1% Motor Wheel. 16% 7 Mullins Mfg pf. 3% 1% Marray Corp..cocus Nash Motors (1). T (3.2 Gapital pald up _ United States assigned funds (surplus) *Includes extr: 7 1234 Fidelity-Phoen 1.20 18% 4% 38 ‘Water As pf (6 1 extans Ta¥ " 42 % at 1% E‘r’:nnfii'mflz‘ml 2 12u|Market Closes With Gain 9% Pl . 16% 18% Timken Roller Bg(1) 7 4% — % i 4 $ inn.morlncorp.. na 3% + % ‘After Brisk spurt Dur- Air Reduction (3). B1% 9 I+ HHEE FEEE FL crown Montreal, discount, 15 Total .... + STATEMENT OF THE CONDITION $2.266.750.00 Northwestern National Insurance Company of Milwaukee, Wisconsin Fire, Windstorm, Automobile Inland Marine On the 31st day of December. 1032. as required under Section 647 of the of Law for the District of Columbia. INCOME Net premiums SHORT-TERM SECUBITIES Total interest (Reported by Chas. D. Barney & Co.) e Bid. ofrer | ) is of Year outstanding Docember 31 150.000.00 MATTHEW WOLL. President. THOS. E. BURKE. Secretary. Subscribed_and sworn fo before me this 3rd dav of Pebyuarv. 1933 (Seal) BERNARD L. EBERTS. Notary Pul STATEMENT OF THE CONDITION OF THE . Equitable Fire & Marine Insurance Company Of Providence. R. I. on the 31st day of December, 1032. as required under Sec- tion 647 of the Code >f Law for the Dis- trict of Columbia. - @ wFenRatarnrNanHHBaREHaN-RweS ~ma R0~ 0 138% 120 8% . 5% Nat Cash Reg (A). 18% 10% Nat Dairy Prod (2) 22% 16% Nat Distillers. 60 43% Nat Lead (5). 110 101 at Lead pf A 8% Nat Pwr & Lt (1) 15 Nat Steel (50¢). Total income. INCOME. Alils-Chalmers Co. 53 1037 Net premium Co. Totel interest ‘and ‘Fents. SORIR01.60 251,826.90 Other income .... 7 maBSeaR S Total income =N " & s H & % < 10% Gen G&EI pf A (87).. 36 Gen Mills (3). .ee % 10 Gen Motors (1). 65% Gen Motors pf (5)... 5% Gen Outdoor Adv (A) 214 Gen Public Service. 13% Gen Ry Signal (1). % Gen Realty & Util 2 » % Total disbursements . ASSETS Mortgage loans on real es- ate Bonds and stocks Deposits in banks Agents’ balances accrued al G asiets Infersst and rents due or - Gross assets . s Deduct assets not adm:tied Total admitted assets. .S1 LIABILITIES, Net unpaid claims. .. Total unearned premiu: Qther liabilitles accrued ... 11% N Y N H & Hartford. Al other assets . 19 NYNH&Hartpf.. T% N ¥ Ont & Western 1% N Y Shipb'ldg (10¢). 1% Davega Stores (h3).. 2 Light 5s. 1960, moved at 103. T DavioenCliemival. .. 2_1’“ NY Shipbldg pt (7). Potomac Electric Power 6 per cent 10 Devoe&Raynolds(A) ur’% S r\g;;o“ Pl Preferred came out in small lots at 37% Delaware & Hudson. * 307's while the corporation’s 515 per 17% Del Lack & Westn. .. Fent preferred figured in a small lot 54. Detroit Edison (6)..: Zale at 106*and closed -with unnothg Diamond Mateh (1).. le at 107. Washington Railw Dome Mines (1.30). “ gettrlc opened at 82 and closed at sz Dominion Stores 1.20 _17% 10% Northern Paciflc. ... The Washington Exchange is closed Doug Alreraft (75¢). T 4% Ohlo Oll. Zvery Saturday, but the New York Dresser(SR)M{g(B) " Stock Exchange offices in Washington Drug Inc (3). 3 3% will be open as usual, regardless of in- % Duluth S S & Atl pf.. % % Rugyration,” as Wall Sireet remains Dupont de Nem (2).. 201 i epen, Local banks will close in accors Dupont deN db pf(6) 2 101% 101% dam with the inaugural custom. Duquesne Lt 1st (5). 300s 100% 99% Heard in Financial District. 50% Eastman Kodak (3). x 40 52% 3% Eaton Mfg Co. . 5 3% 6 gtlfs“cv:fién;fl e e e | 20w 114 Bleo Auto-L (120).. 7 Sble March 31, to stock of fecord| 1f 1 HiectrleBoat-..... arch 15. Previously the stock was on| 3¢ > & 75-cent quarterly basis. 18% Unlted Siates Trust C0. of New York| pqi, declared regular quarterly dividend of g, Elec St e Bat (2 315, &ga)abln April 1 to stock of record| Zgvt b L ) < Ohase National Bank has declared, 35 R 1 5 1 Eh>reguler quarterly dividend of 50| e R ey 2 2 Gross assets Deduct assels ni Total admitted sssets LIABILITIES, Net unpaid claims. Total unearned prémiums. Qtner liabilities : Capitsl pai SaPhias over Wil Riabiitties NET PREMIUMS WRITTEN DURING Total ... District of Snins NET PREMIUMS WRI wnn’m DURING District o Fxsraesreen sex Bra? 32 North Amer pf (3)... 74% 55 North Am Ed pf (6). R A S R Rt R T b bk o [ oy Py - 3 Total. $751.945.90 * 43,035 09 56,238 44 612.34 10% Otis Elevator 1 Otis Steel. 2% Otis Steel pr pf. 37 31% Owens 1l Glass (3) 1 Pacific Coast. 22y Pacific Gas & gation and tran s por- tation 'rom-ao, wind- and & OFEEER 54.420.48 54,020.61 1,808.86 2 50.165.76 8.035.50 408.25 Vidd 4 1+ ® Elec Pwr & Lt. Elec Pwr&Lt $6 p! Elec Pwr&Lt $7 pf. .. al s 5.257.47 $41,660.39 ‘ = e SSAMES, President: i T Secretary. ol Totals 087 s Subzeribed lnfl sworn to before me EDWARD' HAPI; 3 4 this 7 h HIY of P!BI"‘:IIYY ]A" |; omnu‘ N, &t!e.l siden! ry. Sitciibed and sworn fo betou me N u hlbllt. Milwaukee County. uy“ecgmlmon ‘expires May 24, 1936. tniz" 4ok any L T BRANCH OFFICE 5 (Beal) Notary Publie. JAMES H. SHANNON. MANAGER g e ‘Woodward Building 15th & H Sts, 1036 'fid-lrl BII‘I‘IM. satie 921 asent e % Path» Exchange. .. ’ deficit, $2, efict 1% Pathe Exchange (A). Un‘m: ,082'0.::: v;u‘:l c%r::r?.m fgzd ;enlck & ;“o:r)d(; 1 2)0.) Subsidiary, American Sheet & Tin Plate enney (. . . 1] i S L o Co., advanced pirices as mych as $3 a | Spe 49% Peoples Gas Chi (5). ’ tion—1932 com- | Su Zents payable April 1 to stock of rec-; i e B B0 E ord March 11, “ B 2'Richard K. Mellon of Pittsburgh was| 2% Fvans AutoTrod...; ected a director of Norfolk & Western' 54 42 Fed Lt & Trac pf(6). 50s flway to fill a vacancy caused by 1% % Federal Screw Wks. . 2 % 5% Sel!h of Iseac T. Mann. 3l 1% Fed fVater ServiceA, 2 24 2% 4 Pere Marquette. . 6 Pere Marguette pr pf 20s 4% Petrol Corp of Am. 41 4% Phelps Dodge. » ‘% 2% Phila& Read C&1I.