Evening Star Newspaper, March 16, 1933, Page 15

D. C, THURSDAY MARCH 16, 1933 CURB SHARES FIRM | [ Grain mtacker || FINANCIAL N. Y. CURB MARKET ‘mwmnhmnmun-mou FINANCIAL ON NEW GOVERNMENT BOND [ BOND S g% ke ot 2 INVESTMENT TRUSTS NEW YORK, March 16 (#),—Over- the-counter market: RN = . = Junior Rail, Public Utilities and Industrial Groups Also Higher. BY CHARLES F. SPEARE. Special Dispatch to The Star. NEW YORK, March 16.—In splte of the largest average advance in bonds on Wednesday in two years, there was sufficient buying power in this market again today to force up prices for many issues from 2 to 3 paints. The significant fact was that among the bonds showing greatest improve- ment were those that had had the most pronounced advances the day previous. The spectacular gains oc- eurred in the lower grades of rails, public utilities and _industrials, al- though of greater significance was the further rise in all of the United States | Treasury loans. ‘The improvement in the Government list was not so great as on Wednesday. but it exceeded what would be regard- ed as a major rise under normal con- ditions. For instance, the Treasury 4',s gained 2 points, the 3%s were up 1'; points. as were the 4s. 3,3, and 33 per cent loan averaged a gain of 34 'i“:kxng sh( “of the most active Tre; ury issues, it is found that they hav averaged an advance of over 4 points from the low level established in the first few days of March. This has an important bearing on the status of those banks which carry a large per- centage of Governments in their port- lios. ‘ocln even greater importance, however, | is the gain that has occurred in cor- poration issues that are familiar to any | one who has analyzed bank invest-| The appreciation in bonds of | this character in the past 48 hours ha: while- the | Ger Gen Elec UNITED STATES. l o1 Ger Gov 5% 8 "6l 2:55, 1012 101 10 Lib 338 32-47. Lib 15t4%s 3. 101 2: Lib 4th 4*!33-3‘ 1029 102 9815 9719 . 992 9826 US3%sM41- 430" 10021 100 16 u SR%AJNH.IWIE 100 16 US3%s43-47... 10020 100 14 1 Rat..u 56... 10213 v 10415 1082 Suleaieh. Tows 2:88. Abitibi P&P 58'53. b 1516 Alleghany 58'44,. 44 Alleghany 55°49.. 16 Alleghany 58°'50... 72 Allis-Chalm 58 '37. 4 Adams Exp4s'48.. 2 Am Beet Sug 6s'35. 1 { Am Chaindb 6s'33. 1 AmF P 552030....157 AmIGCh5is'49. 38 Am Metal 5158'34. 16 Am Sm&Ref 3 Am Sug Ref 6s°37. | Am T&T 436=39.. | Am T&T ¢ ir 55°46. 16 Am T&T deb 55 '60. 54 Am T&T déb 58 '65.168 Am T&T 5%s'43.. 50 | Am Wat Wis 55°34. 12 AmW W&E6s'75 29 Argentine 55’4 Argentine 628 Argent 65°61 May. Argentine 6s°'59 Ju 3 Argentine 6s 5! Arzentine 6s A rgentine 6s B Arm & Co 415539 ] Arm Del 5128 '43... Atchis 45 190 Atchison adj 48 '95. Atchison gn 4s'95, Atchison 415848, At C Lol 4552 AtICLoun 41864, Al Gulf&WI | Atl et db 5= Australia ¢ Australia 5 Australia Goedrich 6s 45 Goodyr Rub b Grand Trunk Grand Trunk Grt Nor 55 C'73, Grt Nor 4% 8 E'17. Grt Nor 6% s B '52, Greek 6s 6! . Hud & M rf 5557, . 111 CCStL&N 68 A . 11k Steel db 434540 . Inland St 4138 A'78 Inland St 4158 B'81. Int Rap Tr rt 5 Int Rap Tr 65’32 Int Cement 5= "48 . Int & Gt Nor 68’ Int& G Naj 6s'52. Int Hydro El 6s'44. Int Pap ref 58 A’'47. Int Pap 65'55 IntT&T 415839, Int T&T 4%s°52. . Int T & T 58°55. ... Italy 78 °51. Italy Pub 7 Japanese 515565, " Japanese "4!'54 Kan C F S&M 4s' Kan CP&L 4% 5’61 Kan City Sou 38'50. Kan City Sou 55’50, Kan City Ter 45'60. Karstadt 6s '43 Kend 515548 ww. . Kresge Found 6s'36 Lack St15x A ’50. Laclede 5138 D60, Lake Shore 3% x Lautaro Nit 65 '54. 7313 | Leh Val en 42003, T8% | Lig & Myers As'51. 103% 102% 105% 87 361 991y 70% 3414 | Humble Oil 55'37.., 26 | 111 Bell Tell 55 11% | 11l Cent cl tr 485 68 | 11l Cent rt tu . 111 Cent 434 '66. made a vast difference in the standing | Aust, - of many banks whose ceapital position | p ¢ 14 was none too strong. | B&O4: Among the largest advances today in| ¢ o 41 the lower-grade rails were 5 points in |y g 5548 Southern Railway 65, 4 points in South- | p ¢ o 107 55 'a5 ern Pacific 4'.s, 11, in New York Cen- | p g ) rf tral debenture 6s and a point in Mis- | & 0 PaWw souri Pacific 5. In the second-grade!p & O Sw v public_utilities there were advances of | g & Toledo 4« 31, points in Columbia Gas & Electric | Batay Pet 4158 4 55 and in Philadelphia Co 5s, 3 POints | Belgium 6s 55. . in Milwaukee Electric Railway 55. 5 Belgium 613 ints fn Western Union 5s, Which| Beigium 7s ave risen 10 points since the reopen- | Relgium 897 ' Lig & Myers 78 '44. Loew's 65 1 ing, and 2 points in American Water Works 5s. | ‘The strongest of the secondary gudel of industrials were Dodge Brothers 6s, | Sinclair Oil 7s, United Drug 5s, and | American_Smelting & Refining 5s. Although high - grade corporation | bonds were strong, they were influenced by dear money rates. The best gains | in this group were in American Tele-' phone & Telegraph. Consolidated Gas of New York and Union Pacific issues in ! the listed market. and in thé Common- | wealth Edison of Chicago group on the | curb. New York City bonds were all strong. with some issues up 2 points. In the foreign department the heavi- ness of German loans was conspicuous | and logical in view of the day-to-day reports from German political centers. Japanese descriptions held stmng | Argentines lost some of Wednesday's gain New York Cotton Bpecial Dispatch to The Star. ol NEW YORK. March 16.—Resumption | of trading on the New York Cotton | Exchange today, after being closed since March 3, witnessed an advance of | 50 to 95 points. i ‘There were buying orders all around the ring at the opening. This state | of affiairs was stimulated by trans- | actions in spot cotton in Southern ma: kets during the banking holiday and the strong tone in Liverpool trading. | Hardly had the local quotations come out when wires from New Orleans indicated opening gains there ranging | from 81 to 93 poinis. This further | spurred the buying rush in the local ring. Inmal cotton quotations here were: March, 6.68, up 50; May, 6.79, up 53; \ July, 7.01, up 61; October, 7.50, up 90; December, 7.66, up 95, and Jflnuary‘ 7.65, up 85. | Opening _quotations on . the New | Orleans Exchange were: March. 6.85, up 89; May, 6.86, up 81: July, 6.99, up 83; October, 7.20, up 85, and December, 7.39, up 93. May sold up to 6.97 and October 10 7.50 during the early trading, making net advances of 70 to 94 points, as com- pared with the close of March 3. Con- siderable Southern selling as well as realizing came on the advance and there was also some selling through houses with Liverpool connections. Of- ferings were sufficient to cause some irregularity and setbacks of a few points by the end of the first half hour. Liverpool cables reported the market there firm on buying by Bombay and the continent on expectations of a sharp recovery in New York. POTATO MARKET., CHICAGO, March 16 () (United | States - Department of Agriculture) — | Potatoes, 146; on. track, .290; total United States shipments, 847: slightly | weaker; demand and trading slow; sup- | plies Jiberal: Wisconsin round white, 72':a77',: 1daho Russets, 1.17':a1.20. Bank of France Statement. PARIS, March 16 (#).—The weekly satement of the Bank of France shows | ihe following changes in francs: Gold decreased 288,030,000, sight bt\la'!ren advances increased 104,000,000, circula- tion increased 21.000.000, current ac- counts increased 361,000,000. Rate of discount, 2'2 per cent. * | Washington Stock Exchange ! AFTER CALL. Washington Gas 6s B—5100 at 103, Potomac Electric 6s 1953—51.000 at 10534, Potomac Electric 6% pfd—S at 1071, Potomac Electric 5% % pfd—5 at 105%. Wachington Rwy. & Elec. 4s—8$1,000 | at 87' i Notice—Admitted for trading March 17, 1933: Lansfon Moniotype,. Peoples | Dru|‘zA Stores pfd, Emerson Bromo-Selt- zer A - Bid and Asked Prices. | BONDS. i PUBLIC UTILITY. md. Asked. | Anacostia & Pot. R. R. 5 Fin Anacostia, & & P. Tel &5 & Subwrban Georgetown MISCELLANEOUS. Barber & Ross. Inc.. 6las.. ... Chevy Chase Club 515 s umbla Country Club a‘;! = Paper Mz G Realh, MRET OHIE st STOCKS. PUBLIC UTILITY. 108 ht Co & W. Steamboat (8) .. t. Blec. Power 6 pfd. . ot. Elec Pwr. 51,0, Wash. Ry. & El *Ex dividend bBooks cl n25c extn fi0c extra 'Nfi) Bell Tel F Rell Tel Pa 58 C Berlin Cy Berlin 6 1051 106 a7 Mil E Rv&L 5 MK&T 1st 45 MK&T 4sB 62 Mo Pac gn 4s Berlin C E16%x'51. Beth St pm 58 '36. Beth Bolivia 7s ‘64 Bolivia 8547 Bordeaux Brazil 6155 Brazil 61 Brazil C Brazil 8x 41 Bremen 7s " Mo Pac rf Mo Pac 5s F Mo Pac 58 Mo Pac 55 H '80. Mo Pac 5= 181 Mo Pac 515 A Montevideo 62 59, Mor&Co 15t 415539 Nassau Elec 45 '51. Nat Dairy 53 %'48. . |con P 1:)\65,: [D&RGrend | Det Edison rf . | Erieret 55" Nat Steel 5556 Bkiyn Elev 6%, N Eng T 1st fs Bkiyn Man 6s A ‘68 BkIvn I'nGas 55" BKIyn Un Gas Bklyn UnGas et \'(enn\,-' N Y Cent db 4='34. YCrf4%s2013. NYCrf4s2013n NYCrf522013. N Y Cent db 6s X Y Edison 55 C'51. NYFEdrf 641, N Ym,u&ruc . “an Nat Can Nat Rv Can Nordb 61.x'46. | Can Nor deb 7s '40. 4'an Pac deb 4s. Can Pac 41,546, Can Pac 415569 Can Pac 55 ‘54, Cent Pac 1st 4549, Cent Pac 5s 60 588 Lorillard 5% '51 79 | orillard 7544 0, | T & Ark 55 '69 ? 2971 L &N uni 4 b rC51582003. | Tovons 62734, McKes & R 514850, Manhat Ry em 4599 Market St fs A "4 Marsellle 6s'34. ... 1031 | Midvale Stl 55 '36. . 10214 | Milan 635 '52 | Cen Ry NJ gn Cert-td db 5 Ches Corp 55 9 43, C&O0434sB" B&Qgn4s : Nor Am ¥d 5% A'57 CB&Qrfss'T1. . Nor Am Ed Nor AmE 5% Nor Ger Ltd 6s Chl Ind&L, gn 666 CM & StP gn 45’89, ChiM & StP 4% C Chi M&StP 41,8 E. orway 6s 52 Ohio PS 71446, .. Ore Sh L 5= gtd '46. Oreg-Wash 4s'61. . Orient Det 5 Orient Dev 6s 'S Owens 111 G1 5 Pac G&E 5542 Pac T&T rf § Pan Am Pet 63 '40. Paramount 6= '47 Param-Pub 5% s'50 Paris Or 5155 '68. .. Pathe Exch Penn sta 41°48 Penn 4% Chi RI&P gn 4 ~ Chi RI&P rf 4s ChiRI&P 43 vm RI 4'1- '60 '88. Chi Un Sta 6% s'6: C & W Ind cn 4852, €& W Ind 51§ Childs deb 5543 Chile 65 °60. Chile 6561, Chile 6561 Penn gn 4% '65. Penn 4%s D '70 Penn 5564 Penn 618 '3 Penn P&L 4155 Peop Gasref 5347, Pere Marq 414580, Pere M 1st 555 Peru 68’60, ... Peru 63 '61. Phila Co 5567 Phila Elec 457 Phila & Read 6s '49 Philippine R 4s'37. Phillip Pet 5348’39 Pillsh P M 65°43... PCCASLL 4% 8 77 PCC&StL 55 B'75. . Poland 6540, Poland 75 '47. Poland 8s'50. . Port Gn E1 41,560, Pos Tel & C58'53.. Prague 71%s"52. ... Prussia 6s '52 Prussia 614 Public Serv Pub Sv G 41 Pure Of1 535540 Read 41,5 A '97 Rem R 51 sA'4Tw Rhinelbe 17 75 '46 Rhine Ruhr 65 '53 Rhine West 65°52. Rhine West 63 '53. . Rhine West 63 '55. Rhine Wesf 7s'50. . Rich Oil Cal 6344 i R Gr do Sul 6s'68.. . RGrécSul 8s°46. . RIAT& L 41;5'34. Rome 64" Royal Dutch 4s " 45, StL IM R&G 45'33. St L&SF 48 A "5 | Cologne 6135 '50. Colomb 65’61 Jan. . Colomb 6s°61 Oct... Col G&E 5= Col Gas & E 55'61., Com Inves 515849, 2. Con Ga Con Pow Jap 7s ‘44, Copenhag §s '52. Cuba R R 1st s Cuba 51554, Cuba Nor 53, Czecho 8s '51. Del&Hud ret Denmark 4% s Denmark 5% ' Denmark 65 '42 Denver Gas'ss '3 BB Rend mnawnnm D&RGr4is'3 » Det Edison 5s '55 Dodge Bros 6s'40. . Duquesne. N Booba StL SF 41,8'78ct st StP&KCSL 4141 StP Un Dep 58 Sao Paulo 7. Sao Paulo R '36. Sao Panlo 8550 Saxon P W 6151, Saxon 7s'45. : Seab A L 6s A Serbs-Cr-S1 8s°62. Shell UOA 58 '47... 8hell U O 58 49ww. Sinc i1 63 s B '38. Sinc Ofl Ts A '37. Sinc PL5s'42. Solssons 6s'36. ... Solvay Am 58’42, . Sou Bell TRT bs'd1 Sou Pac col 45*49. . Sou Prerf a ‘55 1K | Fiat deb 7s'46. | Finland 65°45..... | Finland 615 '56. .. Finland 7850..... [ Fram Ind 7% 2. French Gv 78 *49 | French Gv 714841. | Gelsenk'nen 634 | Gen Baking 5% 840 | Gen Cable 51,847, | Gen Th Eq 5s '40 Ger Cent Bk 6s'3! | Ger Cen Bk 6560 J I}»r( ‘en Bk 65 60 O Gn Cen BK is°50. EYy o Bh5aae vo 43> 2 64 518 51'y [ GrlNor!n7l 36.. 21 ar | German Rep 7545 80 5'40. Gt Brit&Ir 54537, 62 5 7 15 o 2Saomomy O D o StL&SF4ls'T8. 2 Hud & M adj 5'57. 20 : 2 l119 . 15 < 4 1107% | a3 44% 36% E,‘u‘: 1% IN PROFIT TAKING Agricultural and Commodity Groups Show Best Ad- vances—Trading Active. _ BY JOHN A. CRONE. Special Dispatch to The Star. NEW YORK, «:March 16.—The Curb Exchange today maintained part of its initial gains, with trading at an active ce. p‘!lectnc Bond & Share at times was up nearly 2 points. Cities Service was up slightly. Standard Ofl of Indiana advanced about a half point. Niagara- Hudson Power firmed. American Gas & Electric rose a peint. Consolidated Gas ‘of Baltimore, which was ex-divi- dend today, spurted forward. The rush for cotton and grain was followed by sharp bidding for the so- called agricultural and commodity shares. This group included Deere & Co., Montgomery Ward A, Great At- lantic & Pacific Tea, Aluminum Co. of America common and Pepperell Manu- facturing Co. - Gold shares were relatvely neglected and beer issues failed to foam up as ‘they did in the preceding session. | Specialties such as Safety Car Heating & Lighting, A. O. Smith Corporation, and Novadel Agene hardened. The latter, however, naturally moves in sym- pathy with grains. Forenoon trading was different from that of the preceding session in three respects. Volume at 250,000 shares con: trasted with 160,000 shares Wednesda! There were not as many big blocks today, put the market was composed of a greater number of individual | issues. Furthermore, while emphasis again | was placed on the stocks of companies | which have large inventories and would | benefit from a rise in commodity prices, | the public utilities, which certainly cannot be so classified, were not gqlected as they were the previous| y. | Along with the broader and more§ active market and the returning popu- | larity of public utilities, which form | the biggest single group of securities| on the curb, increased attention was | paid to preferred issues. American Gas & Electric preferred, Columbia Gas & Electric preference, and Selected In-| dustries $5.50 preferred were among the senjor shares to surge ahead. Strangely enough, the British shares were almost ignored in the buying rush, | though a fair amount of Canadian shares, exclusive of the gold mines, ap- peared. Brazilian Traction, for in- By the Associated Press. CHICAGO, March 16.—Wheat prices Jjumped 5 cents a bushel today the mo- ment trading began, An overwhelming rush of buying swept the market up instantly to the ipmost limit allowed. Trading pits and the spectators’ gal- lery were crowded to capacity and throngs on the exchange floor were the largest ever known on a regular business day. day's opening to'the Cxmteme Jeaie pes- A extreme - mltudop: rise of 3 cents a bushel. % ing the first half hour the wave of buying kept both wheat and corn almost constantly at the highest point that fgl:umng emergency rules made pos- Opening at 47 to 53 cents advance wheat later held strongly at the initial range. Corn started 213-3% up, and subsequently varied littl New Plant Under Way. BALTIMORE, March 16 (Special).— Harry T. Campbell Sons Co. is just starting operations:in a plant which it has built at Texas, Md., at a cost of ap- proximately $70,000. The new pllnt which is in addition to this company's cther operations near and in Baltimore, will produce “camelite,” an asphaltic concrete material. BONDS ON THE CURB DOMESTIC BONDS. a Pow 55 " 4 Aluminum Co 68 '3 1 Asso 25 3255 Rafon 58 5B & O 3 BeiTel cah 55 A 5 4 Brmnghm El 4'2s 1 Boston €n G i 3Can Nt RE 75 E 50 Cap Adm 5s 53 xw 3 Carolina P&L “5s '36 1 Cent 1ll P8 41askai. } Gent 1l B 4C Ser’ 5% 10 Gent Bn Elec Bs 48 1 Cent s 54 G st AL, rh 101 Cities Service 35 2 Cities Service b 3 Cit Srv Ga: 13Cit Srv Pw bl 351 Gt Bry PL Sizs 353 Cleve E1 Tilu 8 1081 5" | Cent States Elec. .. « | Deere & Co Stock and Sale— Dividend Rate. Add 00. High. Low. Close. Acme Steel (1).... 25s 13% 13% 13% Air Inv Inc vte.,... ' L) Allied Mills....... 2 3% Aluminum of Amer2950s 54 Alum Co Am pt(3). uo- 52% Aluminum Ltd. 20 Alum Ltd D war. Am Beverag: Am Capital pf. 50% 484 Am Founde: Am Gas & E1 (Sl).. Am Gas & E pt (6). Am Investors Inc. 9 1% 94 26 3 83y 1 3 Am Superpower. Am Super 1st pf Am Superpower pf. Arkansas Nat Gas. Arkansas NtGs A., 42 Ark Nat Gas pf. 2 Armstrong Cork 508 AssoGas& Elec... 2 Asso Gas&Elec (A) 18 1 Atlas Utilities Atl Atlas Utlipf A (3). 1 37 Axton Fish A 3.20. 1258 32 Babcox&Wilcox(2) 1508 30% Biue Ridge. . 3% Blue Ridge ¢ pf a3 Borne-Scrymser Bridgeport Mach. . | Brillo Mfg (60c). .. | Buff N&E 1st pf(5) 2 80 | BurmaLud retspc. 1 1% Canadian Marconi. 7 1% 60 3 Centrifugal P40e.. 1 24 Chesebrough t6%. 50s 90 Chief Consol Min.. 1 Citles Service. . 394 3\& Citles Service pf... 6% Citles Service (BB) 5u- 10 Claude Neon Inc... 2 k] Colts PatFA (1).. 1 10 Col G & Ecv pf(5).2008 82 Col Ol1 & Gas vtc. . Comwith Edis (5). Comwlth & Sou wr. Comstock Tunnel, ., Consol Aircraft... | Cons Gas Balt 3.60. ‘Consol R 1Strs. Copeland Prod Inc. Cord Corp (10c). | Cosden Oil. | Creole Pelroleum‘ . | Crocker Wheeler. . *| Crown Cork Intl A, Cusi Mexicana Min | Darby Petroleum. . Derby Oil & Refl | Detroit Atrerart | Driver Harris. Duke Power (1 Stock and Dividend Rate. Nat Aviation, 6 NatBellas Hess. .. 46 NatBnd&Sh(1).. 2 Nat Fuel Gds (1) Nat Investors. Bale— PwaLt pf (6). Nat Screen 8ve (1) 5 New Eng Pw pf (6) W- New Jersey Zinc 2. Newmont Mining. , New Or Pub Sve. .. N Y'8hip (10c) N Y Steam (2.60° N Y Tel pty(63). Niag Hudson P ( Niag Hud (A) war, Niag Sha(Md)B 200 1 North StaPA (6).. 1 Northam Wept3. - 1 Novadel Agne (5).. 4 Ohio Copper, Oil tks Ltd (k30e); 3 Okla Nat G s 4 a1 Pac G&E 1st pf 134 Paramount Motors g-r:-mvu a... arker Rust P 2 300 Penroad Corp, . .’f. 3!; Penn Wat&P (3),. 1 Pepperell Mfg Co.. 16\7. Phoenix Secur. Pilot Radio Tube A~ Ploneer Gold 24c. . 50, Pitney Bowes P, Pub Util Hid x 1 PubUtil Hd epf.. 8 Puget 84 ruac pl lDl Pyrene Mfg. . Raflway & Lt Sec. = 25- Rainbow Lum B. Reliance Manage Republic Gas. Roan Antelope RochG&EptDs6. 100- Ryan Consolidated 11 Safety Car H& Lt. 50s St Regis Paper.... 44 Salt Creek Prod (1) Seaboard Utilitles. Security Allied Cp. Segal Lock & Hrd. . Helected Industries Sel Ind all efs(315) Select Ind pr(51)n Selfridge Pro S ke Seton Leather Shattuck Den Min. Shawin W&P (50c) Shenandoah pt. Silica Gel ct. Singer Mfg Co (6) Smith (A 0). Sou Cal Ed pf SouCal Ed pf B 135 Sou Cal Ed pf C 1 South Nat Gas Southland Roy 20c. Southwn G&E pf 7. 208 Mu 00. High. Low. Close. 25' 114% ll‘% Quotations ss of 12 e'elock. S ! awiainnm FIRTRESTARS oo Corpot Trust . 3% 42 1% 11% % W 5% 371 32 384 1 3% 5 SILVER QUOTATIONS. NEW YORK, March 16 (#).—Bar silver firm, % higher at 28!, on heavy speculative buying. Stock and Sale— Dividend Rate. Add 00. High. Low. Close. Spanish & Genrcts 2 i ‘. Stand OllInd (1).. 122 19% 187 Stand Oilof Ky(1) 28 11% 11% Stand Oil of Ohio. . 1508 17 | Stein A & Co pf 63 10. 79 Stutz Motor Car... 12% Swift & Co. Swift lntern.ll(l) | Swiss Amer El pf. Technicolor. .. Tech Hughes (60¢) Trans Air Tran; Trans Lux DL P Tri-Cont Corp wr Utd Corp war. . United Founders. United Gas. Utd Gas war. Unit Gas pf (1 Unit Lt&Pwr (A).. Unit Lt & Pwr pf.. Utd Sho Mch pf 1% U S Elec Pwr ww. . | US& Int1 Sec. . U S & Intl 1st pf. Unit Verde Ext 40¢ UulP&Lt.... Utility Equities. .. Util Equities pf 5 Util & Industrial. Walgreen Co (1). Walker (Hiram). Walker (H) pf (1). | Wayne Pump. . Wayne Pump pf. Wil-Low Cafe pf.. Wright Harg t20e. 258 14 Qquarterly dividend. tPartly extra. payment. Plus 4% Dividend Tates in doliars based on or semi-annual last *Ex in stock. a Payable in cash or stock. stock. e Adjustment dividend. in stock. g Plus 6% in stock. in stock. lrhu 2% in stock. in stock Plus 3% in stock. b Pavable in £Plus 5% hPlus 1% k Plus 10% n Plus 8% 50 5fl 3 Gonem Power 45 B | in stock BPald last yearoonb requiar rate | stance, was active and higher in Lon- | don today, but none of its shares sold | zflhlhm in the first several hours. This was true of General Electric, Ltd., and | Woolworth, Ltd. CORPORATION REPORTS TRENDS AND PROSPECTS OF LEADING ORGANIZATIONS. NEW YORK. March 16.—Following is today's summary of corporation news | repared by Standard Statistics Co., hc.. New York, for the Associaud‘ Aircraft. Aviation Corp.—R. F. Hoyt announced resignation as president and director of company_and has been succeeded as president by L. B. Manning; following also resigned directorships: L. T. Cohu, G. R. Hann. W. A Harriman, C. L. Lawrence, Robert Lehman, L. C. Morton and M. S. Slaon: it was said 105% | 99 106 gained effective control and desire to have full direction of company. Automobile Parts and Tires. Eleczic Auto-Lite Co—Directors de- ferred action on quarterly common dividend until June meeting: last pay- ment on common stock was 30 cents, on January 2, president said indicatiors are earnings for first quarter of 1933 will be in excess of preferred dividend requirements, Building, Real Estate and Related Lines. Otis Elevator Co. declared a 'guar- terly dividend of 15 cents: in two pre- ceding quarters disbursements of 25 | cents each were made on common. Leather and Shoes. American Hide & Leather Co.—Mark- ed up cheaper grades of light leather 1 cent a foot to 11 cents and better | grades 3 cents a foot to 25 cents. Miscellaneous. ‘Commercial Credit Co. has arranged with Borg-Warner Corporation for a standard national finance service for the sale of Norge products; it is expected be- 447 | tWeen $15,000,000 and $20,000,000 of 101 | deferred payment obligations will be handled in coming year under new 101 | contract. 104 | " Consolidated Laundries Corporation 26% | passed quarterly dividend on common T% | stock, last payment on which was 1215 8% | cents a share on January 3, 1933. Grief Bros. cooperage deficit.. quar- ter ended January 31, was $22,648 vs deficit of $3.941. Sou Pac 4148 '81. Sou P&Or 4‘-5A i Sou Ry gn 4s Sou Ry 5504 . Sou Ry gn 68 '56. Sou Ry 613856 Sou Ry M&O 45" SW Bell T 55 A 'Sl. StOIIN J58'46.... StOIINY l‘és'!)l. Studebaker 6s *42. . Sweden 535’54 Swiss 514846 Tex & Ark 5 Tex Corp cv Tex & Pac 5s B Tex & P58 C " Third Av rf 4s Third Av adj \J 6 4% Tokio Bl Lt 6553 Un EIL&P ref Union El L&P. Un Pac 1st 4s 4 Un Pac 45 '68. 4714 | Un Pac £f 45 2008 Un Pac 475’67 53 | Unit Drug s 52y | U S Rubber 58 47 52 | UnSt W6lsA'd Un St W 6%s A'51. Uruguay 6s'60. Utah P& L 5844 Util Pw 58 '59 ww 4 | Util Pow 5155 '47... % i Vanadium § | Vienna 63 Va El&Pwr Va Ry 1st 55 A Va Ry & Pw 55 '34. Wnblhh 4‘»"'" 4 97% 101 69 84 51 Wabash 5 s Wabash 5 9 o | Walworth 6s A Warn Br Pic 6s'39. Warren Bros 6s'41. Warsaw 75 '58. West El1db 554 34 West Md 1st 4s'52. IG West Md 5%s'T West Pac 55 A 46 Wc t Union 6s'31. Union 5560 We!t Un6%s'38.. 16 Westphalia 6s '53 Wh&LEcn4s’ Wil & Co 1st 63 41, 50 Yokohama 6s 61 tt‘fi 1 Ymstn S&T hs A'T8. 45% Ygstn S&T I3 B |E. L. Cord and his associates have |® - 1Det O Gas 1Dix GG i4 Ny 4713 Cent 4128 Iiins No Util 5s 51l Pw & L #s N3 R 5 AL 1.1m o Bar; Ge5 4 0 Kentucky U 5s H 6. 7 Kopi 5. 3 2 Neb Pw 413 ° 4 Nevaca Calif 5s New Eng g&! 5s 4 ng P 5ias Orleans 4135 "5 & & K4 223 %5 ¥ "a zzzzz 58 1 Benn DW o 0s 4 cofl 1 Ehila Elec 53 60 28 m,- A b} 3 Wes Tex U 5s A FOREIGN BONDS. 2 100 13 71 7% 1 Sbn B0 aey 3 100 5 Stirnes 6 x t # Terni 8o flas S Onie Tndus s ww—With warrants. xw—_Without warrants. — New. .Wi—When issued. STATEMENT OF THE CONDITION OF THE Rhode Island Insurance Company Of Providence. R. 1. on the 31st day of December. 1033, ired under Secllnn a7 Columbia. Net premiums Total interest Other income . nd Total ncome . S1.771,619.80 DISBURSEMENTS. Net amoiint paid_policynoiders, r los: 1472 2385, 41 All ‘otner disbiirseménts 5 1.418.48 Total disbursements -$2.453,783.80 .$3,581.111.00 86,206.61 10333881 nce: 558,091.39 xnumdz ndSenis “due ‘or All other ‘asseis Gross assets Deduct assets n Total admitted assets. LIA Net unpaid claims. Total unearned nremmm er liabilitie 2pital peid up i Burplus ‘over all liabiliiies . .$4,535.708.27 NET PREMIUMS WRITTEN DURING Combia: . $32, mzu $11, 1;0 © 136,183 8 g 39t !. 17.834.11 110,71 U 3.75 193.88 111 192,63 86.61 $181.967 91_$11,802 EMIL @. nign President 'WHITE, JESSE B, Secretary. Subscribed and_sworn 1088 dy of Februare: In nm o e ARTNETT, Notars Fumite. st Util Assocv., | Exster Elec Corp. . . EIl Bd & Share b6 % E’ Bd & Share pf 6, El Bd & Share pf 5. i Il Pwr Assoc(40¢) El Pwr As A (40c). | k.(tc P & Lop war. Elec P&L | EmpireG & Fos 2d pf(A).75s 3 3 576 184 iz a1y 3 36 2 4 13 4 11 31, 10%, 58 9le as requi of ttie Code of Law for the District of | 758 91, < F8%.. 508 111 \mmpk LidA3oc 2 25 Europ Elec deb rts, | Fisk Rubber (new) | Ford Motor Can A.. Ford Motor Can B. | Ford Motor Ltd. .. General Aviation. . | Gen Theat Eq ev ]GIQH Alden Coal Goldman Sachs. ‘(xurhxm vie (1). orham Inc pf Tt A&P T n-v(17) Great A&PT pt (1) Groc Strs Prd vte. . Gulf Oil of Pa. 31 Hartford El 5). 50s 54 | Heela Mining. .. . 2508 Hollinger G1d t80c 26 Horn & Hardart 2 | Hudson Bay Min Humble 0il (2).... INP&Lpt(6).... Lmp Ol Ltd cou 50¢ InsCoNAm (2)... Int Petrol (1) Int Safety Raz (B) Int Util B. | Int Ctil war new | Italian Superpw A. Kerr Lake Lake Shore M (2) Lakey Fdy & Mch. | Lefcourt Realty. .. Lehigh Coal& N 40¢ | Llerner Strs pf ww. 5 Libby McNeill & L. Lone Star G béic. . Long [LempfB'6 508 Loulsigna L & Ex.. 12 Mangel Strs pf.... 258 Mavis Bottling A. . 8 \ Memphis Nat Gas. 8 Met E n pf (6). 508 708 1204 1 % 35 . | Mid1 West Utilities 4 | Mont Ward (A). .. 2208 Mountain Prod §6c. 5 571 3 ANNUIT[ES Profitable—Safe All Forms—All Ages WYNDHAM R. WlLLS Insurance and Aumalty Business gton Bld, 954 Washiny NA. 9430 NEW YORK & WASHINGTON BANK STOCKS Bought—Sold—Quoted WAGGAMAN-BRAWNER & €O, INC. 1700 Eye St. N.W. Me. 3860 STATEMENT OFO"I HE CONDITION The Union Fire, Accident & General Insurance Co. Of Paris, Prance, on the 31st day of Dectm. ber, required under Section 647 of Law for the District of Net premium: Total interests |nd rents. . Other income . Total income . msauks:u:m Net amount for losses Al Gther disbursement Total disbursements. ... ASSETS. Bonds and stocks . ... .$1,017.960.80 its, - I 184685371 Arents’ balances 133,143.68 Interest and rents due or ac- crued 50 All other Gross assets . . < Deduct assets not admitted. Total admitted assets -$I.536,531.24 NET PREMIUMS Wi wnrrrm DURING e District of szms Mfi uu go.ozu..o u /: . 2,286.84 . 6.136.63 20382 [ 21097 # 02.42!)5)2 {:W u'fll.ll:lll. Tniand navieat transportation . Iomuo. windstorm flm o' evmma 020 70 Subsc: 8th du; 1953 NOtary public. ¥ -uhnlm Sany. . Gounty Clerk's No. Reglster's b i Commission * exnires’ March Tetephone Decatur 3600 Cutaldished 1904 RANDALL Hi. HAGNER & COMPANY INCORPORATED REAL ESTATE N 135/ CE oromcoiicut’ S ewise MNU Competent Wos m/‘y/w/ 7 A Manag:ment of Rental propenles in All Sections of the City MORYOAGR 1.OAN CORRESPONDENT ‘/’;a‘q/ofi/.%/r]m/«flmr gw NOTICE We are prepared to act promptly oh appli- cations for Loans on Real Estate in the District of Columbia. No Commissions Charged. Columbia Building Association 716 Eleventh Street N.W. Member of District of Columbia Building Orer Forty Years of Experience First Mortgage Investments B. F. National 2100 ROPERTY Association Council THERE ARE LOTS OF CONVINCING PRECEDENTS for investment in our 69, FIRST MORTGAGES that will appeal to those who have trust funds to invest. They form a very important item in the list of in- vestments of experienced financiers —and offer the small investor the same rate of interest and the same protection as the large investor. Your investigation of the yield and the security for your principal will satisfy you. May be purchased in amounts from $250 up. SAUL CO. 925 15th St. N.W. MANAGFMEN