Evening Star Newspaper, March 3, 1933, Page 15

FINANCIAL, FINANCIAL. ON.NEW YO UEBUNE IN BGND B Omwdpm““ ;: ::“li 'ri):: :l.:N G MARKET RESUMES : U. S. Government %15 9519 |11} Cent rt 48 ‘65 Register Further Losses 9631 9711 |1 Cant 4% on Light Offerings ste 31e |HICEREAN . 3 A g ring 9816 9816 | ) Steel A WY 4! 10 9911 1004 | 1ne Rap Tr rf b 1044 10323 10328 | In¢ Rap Tr 17 BY CHARLES F. SPEARE. Bales Righ. Low. 2:88 : ;nl:glNNo’ Bpecial Dispateh to The Star. Abitibl PAP 68’63, 4 14% 1 14% | Int a NEW YORK, March 3.—While there| Ab & St 5358 43,0 1 80 g0 | Int Hyaro K1 ¢ were a few issues of bonds that sym-|Allsghany 5s’'44... 87 314 % 80 |y Y 8 '73. . Alleghany 58°49... 14 223 22y | Int Ry C A €% 847, pathized with the higher markel for| {JICEARIY (8,50 "" 57 Int Pap ref & stocks today the list in general Was| Allfs-Chalm 5s'37, 1 Int Pap 68 economic recovery n this country, | 'yyc Uud) “market belwether, Eloc- under pressure and registered many| Am Chaindb 6s'33' 2 b America’s business leaders say. » tric Bond & Share, netted a gain of [ Armstrong Cork new low prices AmF P 5s2030.... 54 p: 9% The gre taken { 15 points on the forenoon movement. | Asso Gas&Elec United S'.at. To AmIGCh 5% 6 in hearings before the Senate ice Gas & Electric rose almost | Atlas Utilities. u v Sovsmgment Wos, s Inl S5 8% | Traly Pub 78%52 Committes trom sutnorlties in virtually | 3 points. Cities Service recovered its | Atias Util war dropped down into levels not previ- 79 every line of human endeavor early loss, as did Standard Oil of In- | Atlas Util pf A Relect Ind pr(5%4)n nsual demands uevelup has again, been ously entered in spite of a smaller| 100% | Japanese 5% s almost unanimously, these two points, | diana. Axton Fish A 3.20. 2u- Bilica Gel ct. demonstrated during the past mm&. vollime ot afférings than recently. The| ¢ and ted & unmmcm picture of | Strength in the second hour followed | genef Ind Loan 1% 6 ::-wln W&P the review states. 8! ecently. e | wlm wouu happen if they were not | the rise of commodities. This trend | Blue Ridgec pfa3. 3 28 2 - e,rwln-wum) “A huge volume of funds hwlmn only really strong section of the mar-| d in the advance of f00d | Brazii Trae & Lt H 6 so"‘A‘" ‘6‘&""" 5 vg.lied by the principal New- ¥erk ket was in German government and Hebic s Do in the above viewpoint is or re!md industries such s | Brillo Mfg (60c)... 9 e et 1 to meet the needs of other sec- corporation _dollar ~ obligations, which | : the Guaranty Trust Co. of New York Buff N&E pf (L60). 4 ¥ 30e, tions of the country where limitations ‘were quite buoyant. which suggests in its monthly bulletin Fouth Penn O{] (1) temporarily were placed uj < ipon bai s Te extreme dv\enknes';eué Treasury Argentine Biks 41| A GaE <Ha 0. that Congress give immediately some i s, despite political denials, point | Sanadian Marcont. 18 Sou Cal Ed pf C 1% actities, *In the three - weeks sues on Thursday centere atten! Ol’l' Argont 63 61 May . Karstadt 6s43. . convincing assurance that sound money | to some 'sort of inflation, Which com- | Gej L dre g South Nat Gas. ... February 21 the balances held by New -on this group at the opening today.| ATEeniine 828 Ju 42% | Kresge Found 63'38 will be maintained—first, by b modities and stocks now may be dis- | Gelanese ot ot K York banks for other banks throughout Prices started unchanged, dipped down | 4TE¢ntine 88 09 O 45| Lack st16s A the budget; and, secondly, by mm!nr counting. Cent States Elec. the country were reduced by neary & little and then rallied with an ad- | ATESTHIne 88 4 B0 430 | Laclede Gas 68 3¢ - ml:;lun dfifinmtfiy.mm : The 4 permcm.tl renewal rate for call | Cent Stat El cv p $500,000,000—from __$1,655,000,000 --on 2 & infla £ o vance of as much as one-half point| J7ENe "~ r /0 oy L.k Shore 3349’97 The Institution. decl that soch ‘& ‘:-’my was “: mlg:.m i :El‘thmma Chicago Corp (Th Stock and Dividend Rate. ' Acetol Prod A. . z:rk‘ Dl'll l) Air Inv Inc vte. rker Rull P l \fi flh = | {5 DECLARED VITAL| - ON BRIS BUYING Sound Money Also Neoessary |Leaders Respond Quickly to [ Atuminum of Amersoos o R to Business Recovery, Am Bakeries (A).. | 1 Bictyoeh & Le 34 1008 Say Trade Leaders. UNITED STATES, (Bales are :n $1.000.) High Low 3:55. Lib3%s 32-47... 10010 9930 1002 Lib l:‘tl%ll! 47 1008 9928 1008 Hungary T%s'41.. Issues Lib 4th 4145 33-38 102 gl 10012 10019 | 11y Bell Tell 63'56 Hud & M adj §i Hua & M rf Humble Of1 ! i “New York Banks Have Large Reservoir of Fuads for Immediate Use. Sudden Demand; Inoreases |Am Baerios (i) Al Prudentiz! Inv.... Are Numerous. Puget 54 PALYS bt 308 Am Capital pr pf.. Quaker Oats (15) Am City PRL B 15¢ 11 Am Cyanamid B... .18 Am & For Pw war. [ Am Gas& Pl ($1).. ‘75 Am Investors Ine.. 2 Am Laun Mch 40c. 1508 Am Lt & Trac (2) By the Associated Precs. NEW YORK, March a—mcenn'mn calls for funds by outlying centérs; the New York Federal Reserve Bank points out in its monthly review of credit and business conditions, have deen Halt Creek Prod (1) borne by metropolitan financial : insti- !M“b:l.t'va fl:]l’.ld"é; tutions without strain and with omiy-a g: l"‘ f‘:}’“""’ ;r:obg.enu upward revisiop in momey lected Industri F “The function of New York banks ns flel Ind all cts(535) A refervoir of funds for use whem um- BY JOHN A. CRONE. Special l'muuhuml . BY CHAS. P. SHAEFFER, Associated Press Business Writer. A balanced budget and the preserva- tion of the soundness of the nation's currencymt.homunmflldm ehl;nn ing Rhode Is| PSv pf 2 Roan Antelope. ... Root Refining ev pt 8t Regis Paper. ... Argentine Kan City Ter Stand Ofl Kyltll.. 7 Stand Oil Ohfo 1%.150s Stand Sflver & Ld.. 11 Stutz Motor Car... * | February 1 to $1,176,000,000 on Fehru- in some of the long-term issues. Later, ary 21.” however, the supply increased and a number of the loans became quite weak. The first 414s and the first 3155 both sold under mr Until recently the premium of 3 points or more on these early maturing loans provided no net income return to the buyer, while now they yield an average of nearly 3 per cent. ‘The Treasury 4s also sold under par. ‘The 3s went below 94 for the first time this year. All of the one to five year ‘Treasury notes were at heavy discounts and at yields ranging from 3 per cent to nearly 3% per cent, which greatly complicates any immediate Treasury financing. In the high-grade corporation list there was a steadier situation among those bonds that have been under most ressure, but lower prices in new sec- ions of the list. such es the subsidiaries Atl Retdb bs '11 Australia 4%s ‘5‘. Australia 5s°65. Australia 6s '67. Avustrian 7s '43 Austrian 7857, B&O 1st4s’48, 12 Aro Nit 6s'54. 1024 Llh Val cn ll‘ 008, 7314 | La & Ark 5s 73% | Lou G & E1 53 A'52. L&N4%#sC2003.. L&NGBSsB2003.... L&Nrf5ls2003. 7;:- Lyons 6s°34.. McKes & R 5%48’50. e Manhat Ry cn 48'90 5. Mil1 E Ry&L bs Mi] E Ry&L bs 1., !0 Mo Pacrfbs A 'fl. ouncement would do far more to foster business recovery than all the yubuc funds that could possibly be forced into credit channels, since the “one absolute prerequisite to credit ex- tension is confidence in the future soundness of the currency.” The bulletin declared proposals for eurrency inflation would diminish if the real nature of the present situation were better understood. It points out the vast bulk of the circulating medium with which the business of the country is carried on consists not of actual money but of bank deposits. The peak figure for money and deposits combined was reported at the end of 1928. Since that time, the amount of money in cir- culation has increased by $881,000,000, or nearly 18 per cent, while the amount of bank dt its has decreased by $15,- 000,000,000, resulting in & net decline of slightly’ more than $14,000,000,000, rate of a few days ago. There was, however, only a slight volume of trad- ing around the curb money post, as most of this institution’s business is on & cash basis, The higher call rate, however, did not surprise traders, for the tightening money rates in many quarters wers reccgnized late Thursday, when the New York Federal Reserve Bank lifted its rate from 2': to 3% cent, On the last occasion that rate was lifted 1 per cent, back in 1931, the mar- ket rallied briskly. This may have in- duced covering of short commitments early today on some exchanges, but the short Inurm on the curb is rela- tively slight. ing situation, were inclined to- take cognizance of the firming steel quota- tions, the improved statistical condition Cities Sv P&L $6 p 508 Cities Sv P&L $7 pf 50s Clev Elec Nlu1.60. 2 Col G & Ecv pf(5). 50s Comwith Edis (5). 1 Comwith & Sou wr. 17 Cord Corp (10c)... 45 corroon & Rey pfa 1 Creole Petroleum.. 1 Crocker Wheeler.. 3 Deere&Co.....,.. 1 De Forest Radio Detroit Alrcraft Dow Chemical (2). Duke Power (1)... B0 Eagt G&F Ar (60c). East States Power. K1 B4 & Share b6% 48 B4 & Share pf 6. El B4 & Share pf 5. | Tampa Elec 2.24. .. Swift & Co..., Bwift lnurnn(l) . Tech Hughes (§0c) ‘Technicolor. Todd Shipyard (l) . Toledo Edison pt 7. Trans Air Trans. .. Trans Lux DLPS. Tri-Cont Corp wr. . Tubize Chatillon A Union Am Invest. . 1) Unit Lt&Pwr (A) Utd Lt & Pow B. Unit Lt & Pwr pf.. US Elec Pwr ww.. U S Play Card (1). Unit Stores v.t.c... a4 | vear. Started In January. At the same time, it is said, with- drawals of bank funds were uflu& in part by a substantial flow of comumer- cial funds to New York, although, thete was a net outflow to other districts of more than $200,000,000 in this period and further withdrawals occurud ;In | thz remaining days of the month. “The outflow of funds fror York started in the latter art of uary,” the review added. “and in its early stages resulted chiefly from of securities in the New York market by holders in other districts. 'n;q - ances of out-of-town banks during I riod were not reduced, but, in. creased somewhat further, cqgupv.r ing the general movement of the.past “In February, however, heavy with- drawals of funds from New York.were rican Telepho h, y % Americas, Telenhone & Telegranh, | neigiam 1658 Mo PacsaF 11 unfavorable. Cincinnati Union Terminal | Bélgium 75°56 6 100y | Mo Pac ‘lg '; 5s declined 114 points and Humble Oil | Bell Tel Pa 5s B'48., + 10314 | M0 Pacss 8s were off a point, while Brooklyn g'“'{*ll;:- 5‘-0"0- 102% ~ P:g:-*l' Union Gas 5s recovered most of yester- | Dene! S i e 5 Berlin Cy E 6555 day's loss. Pennsylvania Raiiroad mort- : Mont T 1st rf ey Berlin C E1 %559 ¥ The rise of 4 points in German gov- g::;‘ g:ll f;"sh 4. ernment bonds and nearly as much in B Prussian 6s and in some of the Ger- | borivia 1838 man public utilities appeared to be a | poliVie g5 57" covering movement in anticipation of | gor 8 h8 (4T a more favorable outcome of Sunday's Bos & Ms 53 - elections. The reverse of this was heavi- | goy1 6105 42 ness in United Kingdom 535, which | prasi’giss were off 115 points and down nearly 4 | gra,q) g '41 made by banks in other iocalities, large- Utah P&Lt pf (7). . ly as the result of the suspension .of UtilaIndustrial pt. 2 m““flm‘gfl e oy BEANOE HIP&Lt.... luring the spet g Van Camp Pack holidays declared in the State. fram by February 14 to February 21.” Walker (H) pf (1) In addition, it was recalled, “a sub- “lY"“’“mD stantial loss of funds alo was sus- wlyna Pump pf. tained by the New York money market it Cart pf (8 through "the conversion of dollar bal- ances nczuxred by foreign central hanks into gol ugh earmarking opera- tions at the Federal Reserve Bank of New York.” Unit Verde Ext 40c 6 2 1 1 s 1 2 Traders, while niot ignoring the bank- | East Ut Asso ev.. & 5 6 4 or 23 per cent in money and deposits | Of the ofl industry, and the rise in| El Pwr Assoc(40c) 3 6 ship of Newmont Min; Gold stocks, | Empire G & F 7%. . 508 however, met -some t taking. New | Eureka Pipe L (4).100s 4% | Nat Dairy 5% s'48 i | ot Butter—One-pound prints (93 score). | ward. Motor stocks and motor acces- | o'~ 01 <0 5 |NEngT 1st5: 22; tub, 21; one-pound prints (92 |sories, led by Cord Corporation and Senea) Afl.’;“; combined. various basic raw commodities. Quaker [ EI Pwr As A (40¢). Onts, weak in recent sessions, steadied, | Elec PEL 2d pf(A). 2 Copper shares rallied under the leader- | Elsc Shareholding. & o Wasllmgtoll P Mnce Jersey Zinc recovered its initial loss and | pisk Rubber (new) ld;i;d :hl.m :“h; ‘”'““m".‘"‘.? 8 Lot | Ford Motor Can A . time ) | Ford Motor F WHOLESALE PRICES. lethargic at the opening, moved up- | Ford Motor Ltd. ... “Mlawg'al’e pf.. 508 J : ey Petrol 1- 1% 42 1014 | N J Power 4 0 score), 21; tub, 20; one-pound prints| Parker Rust Proof, moved ahead. i Wol'thLtd p42 2- % 587 | NOT & M 5%s 5. ':}nuw?.l:i- 20) {‘;h mlb’ “‘7“9'9‘7“"‘ Oren Alden Coul. - Wright Harg '205:. : ™ s soore), Globe Underw kibe d rate Gold Loss. taiesi; cur-| HARDWARE BUSINESS Gnldman Sachs.. .. £ "-‘ AUkl paymenc” Dividens Guarterly dividen points for ‘the week. Argentine issues were stronger and those of Columbia were up 3 points. MONEY RATES HIGHER. By the Assoclated Press. Average rates for time money rose slightly last week. but call funds re- mained unchanged. In the table that| follows the average rate for both classes of money is given for comparable weeks, as compiled by the Department of Com- merce: ‘Week ended Pebruary 25. Previous week . Same week last year. Washington Stock Exchange SALES. Bkiyn Ed s A Bkiyn Man 6s @ BR&Pitts ¢ %857 Canada §s '52. Can Nat Ry 1%"51 Can Nat Ry 4348’54 | Can Nat Ry 44 #'66 Can Nat Ry 4148’57 Can Nat 4% 68 Can Nat Ry 4% 865 Can Nat 55'70. | Can Nat 5569 July Can Nat 5s 69 Oct. S 84% N YCrf4%s :Oll- 106% | NY Crf 552013 991 | N Y Cept db 6 2814 ) NYCLS3% 1714 | NYC&StL 4 NYC&StLS % | N 'Y Edison Norf&Wn div 45’44 1. um—'mmyn. henl. you‘nl |16a20; old, 12al4; toms, 13al4; old, 8a |10;" chickens, hens, mu ‘Leghorn hens, 8a9; Winter chickens. 12al4; stags, 8al0; roosters, 6a7; Plymouth Rocks, brollers, 18a20; fryers, 17a19; roasters, 17a19; mixed colored chick- ens, 14a16; keats, young, 25a40; old, 15a 4 | 20; capons, 7 to ® pounds, 18; 5 to 6 pounds, 15. Poultry, dressed — Turkeys, hens, young, 19a23; old, 15a17; toms, young, 16al17; old, 11a13; chickens, hens, 13a 14; Leghorn hens, 11a12; Winter chick- ens, 15a17; stags, 11a13; roesters, 9a10; Plymouth Rocks, broilers, 21a23; !rym 20a31; roasters, 20a22; mixed coiored chickens, 17a19; keats, young, 28a4: old, 18a23; capons, 7 to 9 pounds, 2. % | 5 to 6 pounds, 18. IS SHOWING STAMINA Special Dispatch to The Star. NEW YORK, March 3.—Retail hard- ware sales have been both helped and hindered by the blizzard conditions of the mid-month, Hardware Age says. In items, if not in dollars, sales over the counter have nearly matched those of last February. It can be said of the month as a whol that another period of severe testing has been weathered with rather remarkable evidences of stamina. There has been an undoubted ten- dency to await March 4, but that date | is at hand, and many political uncer- tainties should soon be cleared. It is notable that, under these strains, nd serious set-back has occured since the | opening of the year in the rate of busi- Grt A&P T n-v(17) 30s Greif Bros Coop A. 258 GulfOllof Pa..... 24 Hamilton Gas vte.. 1 Hartford El (2.75). zh Hecla Mining. Helena Rubinstein. 1 Hollinger G1d t80c. 4 Hudson Bay Min... 4 Humble 0il (2). 17 Hygrade Food 1 Imp Of1 Ltd cou 50¢ 9 Imp Ofl Canrg 50c. 1 InsCoNAm (2)... 8 IntHy ElScpf3% zs- Int Petrol (1) Interstate Euu(uo- 10 Interst Hos (65¢).. 1 Kopper G &C PI(G) 508 Lake Shore M (2).. 17 Lerner Stra pf ww. 1 Lion Oil & Refin... 6 —_— DIVIDENDS ANNOUNCED NEW YORK, March 3 (#)— lu-ed. Fay- Midra ot Compai Rate. Fiod. 2o Am co. ‘f At 'g?x" Ho' 3 i Ohio Finanee G 1 & Mg llcmu‘. Wright-H G M Ltd..5c Q Apr. 1 Mar. 15 e Omitted. ‘\:lh-r"-‘" OIC?"’ . l;z‘( P'Qr % MB"”) Pmc.vldtrcz Dye Bieach'dSoc 3 APr. 10 The loss of gold through these op- erations during February excesded $175,000,000. “The events of the month,” the re- view explains, “demonstrated .that, although the excess reserves . were largely concentrated in New York, the actual ownership of these funds had been wid!]i distributed. The accunm- lation of balances held for banks /in other localities had, in fact, considera- bly exceeded the zrowth in excess re- serves in New York banks. e Unfavorable Dividend Changes. NEW YORK, March 3 (#).—There were 122 unfavorable dividend changes in February, compared with 135.{n January and 225 in February, 1933, Standard Statistics Co. reports. Favor- able revisions numbered 35, compared with 64 in the previous month and 38 Meats—Beef, 10; veal, l! lamb, 13: | ness operations, and that the latest|T.oneStar G bésc . 7 $1.50 Q Mar. 1| in the 1932 period. 4 North Am Co 5561 11 Y , 10; smoked | trend has been toward betterment, Lng Is Ltng pfA 7. 20s Regular. Nor Pac gn 35 2047. 9 rd, T%; et Margay Oil (1).... 2 4 ; Pe. Par PROVIDES Nor Pac 4s°97..... 13 Live ltock—mz‘l light, 3.50a3,7! Mead Johnson (3). 1 te. "°¢ NCREASED Lo s UPREME RrooRorBrninaniZal nanaluBoalvenwonanmo Potomac Electric 6s 1953—$1.000 at 106. | Potomac Elecmc 6% pid—5 at 107!2, | Can Pac 4%s 5 at 107! Can Pac 5544 ct: Potomac Electric 5157 ptd.—4 at 106. | Can Pac 58 ‘G4 ‘Washington Rwy. & Electric pfd.—6 at | Cert-tddb by 82, 2 at 8214 Cent 111 E&G 55 °51 ‘Washington Gas 5s 1560—$1,000 at 103. | Cent Pac 1st 4s°49. Cent Pac 5360 AFTER CALL. Ches Corp 584 Potomac Electric 5127% pfd.—5 at 107. C&Ogen4%s's2. Bid and Asked Prices. C&O4%sB'S5. C& O con5s'39. BONDS. PUBLIC UTILITY. » io! 'ssrz ot &g SEEeEEIREEREE o SRR R LRI 5;5:: - e e 0 T 00y N 1 T g > i ; - Company. Ra Nor Pacr 1 6s 2047, 3 Banca d'Ttalia (I mediom S boune sy, 3aasei| Boyce Bank Offcial Named. |l liniice 1 Bandiag pet- (%01 10F NCOME ECURITY Nor St Pw 63 B "41. 2.5083.50; mufhs, 1.5082.75; calves,| BERRYVILLE, Va., March 3 (Spe-| Midl West Utilities 1 BOOKLET MAILED ON REQUEAT Norway 536 g bl D cial).—George H.' Burwell, jr., has been | Mont Ward (A)... 10s ':‘gru.sigg—Ah :’1:. '?2;2}00' box elected vice - president of the Boyee Mountain Prod §0¢. 1 LEROY GOFF . . 1036 Woodward Bldg. ____ NAt. 0340 Norway 6s'44 stock, mi | 17522.25; bushel baskets, 1.00a1.25: | State Bank at Boyce, Clark ty, 0 | Nat Aviation Ber Du :?q S Ore Sh L 5s gtd - Oreg-Wash 4 | peach 3.2! A 1.50a2.75; | fill the vacancy caused by the death of | Nat Bellas Hess... 20 Gannett Co 86 o | gleums.fi' .50; oty 325, nec- | Roland G. Mitchell, who had served in | Nat Bnd & Sh (1).. 1 gmm?fin'n e Orlent Dev 6 that capacity for & number of years. | Nat Fucl Gas (1).. ; In the District of Colum- Owens 111 Gl & l’. Nat [ovestors MARKET ba and Nearby Maryland Pac G&E 5s'42. Nat Investors pf. . and Virginia 5837 5:: ;:; :;lh *52.. ::: ;:’n:ls‘i!tp(’!;:)' Wll g::nnl‘l ;‘.p 8% W REALTORS Paremoban swedt New Bradford Oil. 1 ] B2 Paris Or 5% New Eng Pw pf (6) 208 | New Jersey zinc2. 4 Correspondent 2/ ! he Metropolitan fe Insurance Company % BER L2 CB&Q Ill 4s"49 CB&QEn sl Chi Grt West 4 Bid. Asked- | oy g Est Il bs° Ay Chi Ind&L gn 58’66 C M & StP gn 48'89. C M StP&P 53°75.. CM& St Padj 5s.. Chi&NW 4%s 2037 Chi&NW 4% sC'37. | Chi & NW 4%3 49, Chi&NW rf 5s 2037 Chi & NW 63¢s '36. Chi RI&P gn 45 °88 Chi RI&P rf 4s ‘34. ChiR14%8°60.... 1 CTH&SE 1st 5s'60. CTH&SE in 55 '60. . Chi Un Sta 4% i boiarong Rt et bt R 155 '39. . AmerT:K“elhl_r 1;el 4‘ x_‘_ mmeyaew' 2.5043.50; p!newpls, 3.00a 4. Spanish melom. 6.0007.00; ki quats, quarts, 20; rhubcrb 00-50 cran- berries, 3.25, pes, ira's, Argen- fornia, zsmoo straw- EEEEEEQROE KEEKZXRRY: 3 Pathe Exch 7s Penn 43%s D'81. P 4 tina, P::: ::‘/. s?). berries, 4.0026.00. Penn 5s 64 Y Vegetables—Pctatoes, Maine, Penn gen 5 New York, 1.00a1.15; Penn 6%s 1.75; Idaho bakers, 4 Penn O&D 4% tom: Penn P&L 43% .00; 0083 3.00; Pere M 1st 58 turnips, 40a50; pnsnlps 1.50; string beans, 1.50a2.25; peas, 2.75a3.00; lima beans, 4.00a4.50; peppfl'l. 1.5682. 25; kale, 30a40; spinach, 50a1.25; mun.h rooms, 65a75; salsify, per doze: Phila & Read 6 lenuee iceberg, 3.00a3.25; nquuh, 1758 Phillip Pet 5%8°39 25 enphn t, 2.50a3. nn, beets, crates, Pilisb F M 6s°43... 1 25! carrots, crates, 1.35; cucumbers, PCC&StL 4%8C'77 300024.00; celery, 1.75; cabbage, new, Poland 7s 47 . hampers, 1.25a1.50; old, sacks, 75a90; Poland 8s°50. asparagus, 4.5025.50. Port Gn E1 4%8°60 Pos Tel & C 55 °53. . Press $tl Car 6333 Prussia 635 Prussia 6% s Public Serv 4s'71.. PubSv G 4%8'67.. Pure Of1 6% 8°40... Newmont Mining.. 26 NYPw &Lt pf (7) 258 N Y Ship (10¢).... 5 N Y Tel pf (6%)...1258 Niag Hudson P (1) 33 Niag Hud (A) war. 6 Niag Sha(Md)B 20c 6 PacGRE 1stof1y% 4 Pacific Ltg pf (8). 100. Capital Traction City & Suburban 55 Georgetown Gas 1st EEIEE ey y R annunh Reynolds (& ) Rogel Bak. Pwuex Tenn Bl by nou'x B Washington Gas 413! hington Gas b nlxglon Gas 5s . as 65, series eEFRa 3 g fisa e ) L et 2 T MISCELLANEOUS. Barber & Ross, Inc., Chevy Chase Club §§§Eo i o5 >t PSS A D R e I M 22 < 55 2y P 5. ash. MEv. Cold Siorase bs.. STOCKS. PUBLIC UTILITY. Amer. Tel & Tel RO SERREEEE § 333 B85 Market Averages By the Associated Press. Un Biscult Am C& W Indcn 48°52. Childs deb 5s 'u. 5 3 90090 883°°: is 6 A 6 ; 08 : Previous day. 17 . i . EmRPR’sE SERIAL B i B il 0 e e i BUILDING ASSOCIATION B % oo el | ) 7th and Indiana Ave. N.W. " LOANS 6% AND SAFETY - [ g Mg g A 69th Series of Stock Now Open for Subscription Jamtes E. Connelly, Shea, e L Washington Building District 9486 Wash, Rwy. & Chile 6s'63 Wath. Ry & Biee. pia. (8) Chile Cop db 8 47 The following figures are not bids. but | Gnilo ytx Bk 6561 1 it ini) prices fixed by G The Washinston Stock Exchange. Chl Mtg Bk 6%8 57 Chin GvtRy 5351, NATIONAL BANK. Min. price. | Cin Un Trm 5s 2020 3 | cccast L 4%sETT CCC & St L §sD'63. Clev Term 4%s'7 Clev Ter 6%48A'72. Colomb 6s ‘61 Jan.. Colomb 6561 Oct. . % New York Cgtton ofg il S0t 00 A3~k = 0 0 GRS LS S RO B 1 8 2ee 5? Ll Bpecial Dispatch to The Star. , NEW YORK, March 3.—Cotton prices Queensiand 65 '47., Deie’ tiak e y opened unchanged to off 3 Queensland 7s'41.. points, following the lower market in Read 4%s A'97... Liverpool. Rem Arms 65 A ‘37, 68%| " Initial quotations were: March, 5.94, Rem R 6% sA’4Tww off 3; \ny, 6.03, off 1 Rhine Ruhr 6s°'53.. changed; October, Rhine West 63°52.. December, 6.51, up Rhine West 65 '53.. off 3 Rhine West 63 '55.. Rhine West 78 '50.. Rio de Jan 6% 853, RioDeJan ext $5'46 R Gr Do Sul 6s°¢8.. R Gr Do Sul 85°46. Rio Gr W 1st 4 3y, 3 g g Capital (1 Co Invest in First Mortgage Notes Secured on Individual Homes An investment medium that has passed every test. Pro. tected by fire insurance and” title guaranteed by financially responsible title company. eonca-Iaes i D! 29! g 5 :H Sermaaens 32 faex G ) 3 -t o a, £S5 g 3 Yesterday Previous d 23, RS AN D SR A IAGE 0 5 S 223 ( eu’onfilltln (10) 1g8s Il'~ . o Col G&E s 52 May £ 07 ) 2ty > Sehington (8) E TRUST COMPANY mer. Sec. & Tr. Ct g-u, Sav. & Tr. ( Col Gas & E 53’61, 19 Colo & Sou 434835 Com Inves5%8°'49 17 ConsCMdArf5s'50 1 Con G NY 4138 '51. 101 Con Gas N Y 68'57. 40 ConGNYb% Cop.nhll{*!'ll 5552 & = e o322 S IRSSRE e ! a3 na00.w! s aatran §s“5‘ 250D £ B e b e e b i e e LS 3 years ai - High, 19 w, 193 o i1y rince Georges Bl nion Trust (8s). Wash. Losn & T A HIGH SIA.BF:UT:N WITH 6% FIRST MORTGAGE NOTES Secured on _Conservatively Appraised Homes in the District of Columbia DENOMINATIONS $250 UPWARD BOSS & PHELPS 1417 X 8T, Mlml NA. 9300 Organized 1879 53rd YEAR COMPLETED CENTURY "Y|§ Equitable Co-Operative Bldg. Ass’ n the basic principles of i JOHN JOY EDSON, President WALTER S. PRATT, Jr, Secretary Building and Loan Ahs- £ sociations among the safest and most conveni- = Asnets ent plans of accumula- ting savings...and ac- quiring your<own home. The National Permanent has served Washington for over 42 years! Member D. C. Building Assn. Couneil M ‘? ~4( o 5 £ 3 SRR RIAHSRA: @S a0 S W= Grain Market “u-lg BR3P Bank of Bethesda (6%) om. & Bavings (10). 25t Washington (8) Potomac (10)... Bec. S 5 t By the Assoclated Press. ind. Statistics Co.) CHICAGO, March 3.—An upward trend showed itself in grain 5 W 3 o, it 22 ar o5 oysy i Qev0! T * Denominations of 100 avw MORE oy Rumania 7s ‘69 StL IM R&G St L&SF 48 A BtL&SF4%s'78. StL SF 4%s'78¢ct st Denver Gas §s '51.. S0 Pau 784 over and of a drastic reduction in new D& RGren ¢s'36.. 10 8ao Paulo 8s '3 ylelds, &RGr4%s'36.. 3 at % to % up, Chicago gkRGW‘zs'ES.. 4 whucvflmhmruelllwun Corn D&RG W 5s'78.. started unchanged to % hl(her and Det Ed 4%s D '61.. subsequently made a general advance. Det Edison rf 5549 Det Edison Fs 62 Dodge Bros 6s ‘40 Dugquesne 43 A '6T Duquesne 4% B '57 DE15%s'53 Nov. Dutch East [ 6# Dutch East 1 East CSug 7% Erte 48 B '5: Erfe gon 4 Erie ref 5367, Erle ref 55°75. Finland 6s°45 Finland 6%s Finland 7s ‘50 3 Washington Mechanics (20 FIRE INSUI\ANCI American (12 Corcoran (10 remen’s (% ational Union (15)" TITLE INSURANCE. Columbia (6h) Real Estate (6h) . MISCELLANEOUS, Col. "Medical mdz coru (8) Dist. Natl. Sec. pfd. Ot cors i s 30 E st e aees ot L 2. 2 E) o . —prove to us an increasing demand for high-grade slightly used trans- portation rather than small new cars, A letter or telephone call will bring our representative to your home or office. PACKARD Rd. Adams 7437 EPOLEL FSEE & 2857 2 g o, QA ZZZ! »: 95: = 5 23 ) 190! o oo g (i i 5.. Serbs-Cr-S1 7s°'62.. Shell U Ol 68 °47.. Shkell U O 53’49ww, Shinyetsu 6148 '53. 7 Silesia Prov 7s ‘58, 8 oo Sinc O11 63%s B '38. Sinc Ol 7s A '37... 5 . 00 1 OV 2RI L0 4 50081 D S U 3 27 5 30, rgng' ) & > S mo: v bl i # £ 44 UnSt W 6%sA'S1. Uastw l.mc‘n. Sou Bell TAT 58°41 Sou Pscrf 48°55... 3 Sou Pac 43368 Sou P 4343769 w Bou Pac 4 %s ‘81 Sou PAOr 4 %aATT Sou Ry gn 43 A'S6 Sou Ry gn 63 '56 Sou Ry 6%3 56 123% | Sou Ry M&O 43'38. SW el Tos A B4 g StOlNJ 5 ¢ e gZ“ StOINY 4%s'61. Btudsbaker 3'42.. 53854, 59% Bwln Bul ‘6. . Ger Gen Elec 40% | Talwan EP 5% 8’71 Ger Gov 5%s 52 | Tenn E1 P 6s A'47. 75% | Tex Corp cv b8 "44. 50 !Tex & Pacbs B'1T 34% | Tex& P bsC'19 66 | Tex & Pacbs D 68% | Third Avrf ds 95% | Third Av adj 5s % 98 (Tob P NJ6%s 2022 104 | Toho El Pw s 2! Wawd: & Lathrop pid: *Ex dividend, bBooks closed. eeeeiteee. . $6,251,006.24 Subscriptions for the 104th Issue of Stock Being Received-: JOIN THE EQUITABLE AND SAVE SYSTEMATICALLY The Equitable’s mm systematic s tcwht Thmmm to save and accompl Results. Join l'o- Util Pw 58°'59 ww.,. Utll Pow 6%s ’41. . e1%e; extra. Unlisted Department. French Gv 7%s 41 (These securiiles u:‘tlul:l,‘tfl under exchange Gelsenk’hen 68 °34. mmfililmn‘uuuumxm VaRy & Pw l"‘. | i ] Min. price. .91 | < i Ger Cen Bk Ger Cen Bk 1 '50 Watash 15t 58 Walworth 68 A '45, Warren Bros 6541 West Sh 1st 45 2361 West E1db 5s'44.. West Md 1st 48’53, West Md 5%s’17.. West Pac 5s A 'u.' Atwcys Remember— | $€)) 50 It i3 not what you PER PERMANENT earn, but what you SHARE llllI.NIlG ASSOCIATION 38% ! Toklo 5% s 38 Toklo Kl Lt 68 '83.. °".’“ i 9 l 5 F St N w 48 49K v mipSL rer6ass 1 100% 100% 100%| YEutn SAT bs A e My : i | HudsonCoslSs'®h, 6 284 28 204 Union BILAFSNIT 19 $7% 91 [ . Il FEEE % Goodyr Rub 58'67.. 14 Grand Trunk 6s ‘36 nk I M n Title Tnsurance Co LT -Langdon Sav. Bank.