Evening Star Newspaper, March 17, 1933, Page 13

THE EVENING STAR, WASHINGTON, D. C, FRIDAY, MARCH 17, 1933 INCREASE N STEEL |CURB ISSUES DRIFT TRADE PREDICTED 70 LOWER LEVELS Current Production Is Slight-' Leaders Show Slight Reces- PINANCIAL N. Y. CURB MARKET | FEDERAL RESERVE CREDIT TEM GAINS Increase of $17,000,000 ON NEW YORK BOND STOCK EXCH'ANGE% Received by Private Wire Direct to The Star Office. - BONDS IRREGULAR ~ ON PROFIT TAKING Rapid Advance of Last Few . High. Low. 104% 104 43 Stock and Sale— ) Stock and Eale— Dividend Rate. Add 00. High. Low. Close. Divj 2 Al IV InOVEE, oy B Bk Sk % | Oblo Coppente, , Ada e i et Alsbam Pw pt (). 508 46% 494 PasGAE 1stpr 1Y 2 Allied Mills. ... 1 8% 34 3% pacifie Lig pf 2 Aluminum of Amer 15508 51% Pan Am Alrwass., -7 Aluminum Ltd. 119 Paramount Motors 1 UNITED STATES. (Sales are in $1.000.) Hi 2:58. zh. w. Lih315=32-47... 10124 10116 10116 Lib 1st414s 32-47. 10129 101 22 101 26 Lib 4th 434 33-38 1025 102 102 US3 9827 9821 9830 S 999 9820 995 Sales. Gt Brit&Ir 51547, 11 GrtNor 448 E'17. 4 GrtNorsiss B'52. 5 Grt Nor gn 75'36..118 Haiti 88 '3 [ 3 Hudson Cos 2414 | 80 | 25% | 4 Days Loses Some of Its Impetus. BY CHARLES F. SPEARE. @pectal Dispatch to The Star. NEW YORK, March 17.—There was & slackening of the movement in bonds As the volume of transactions contracted signs were visible of a dis- dtion either to take profits that had gg:n created since Wednesday or to withdraw temporarily from a market that was moving up so rapidly. Technical conditions, therefore, rather than any lessening of the confidence that investors feel in the banking situ- ation, had most effect in regulating prices. In two sessiohs the average of domestic corporation bonds had ad- vanced 4 points. or the greatest gain for a similar period since 1931. It was not strange, therefore, that there shoul have been some reaction today, espe: clally as the stock market was disposed to quiet down and was also required to absorb profit-taking sales. Enthusiasm for Government issues, however, cid not diminish. A number of new high prices for the week were registered. These were in the Treas- ury 4'4s and the 334s, the former ha ing now recovered about 5!z points. The 3s and 3'.s were up slightly, with transactions in the one at 98 and in the other at 99. There has been a pro- f nounced advance in the bonds of the Pederal Land Bank System this week in sympathy with the rise in Govern- ment paper and high-grade municipals and also on a revival of discussion of a possible Government guarantee of these loans. The prospect of continued agitation in Germany for a reduction in the interest rate on foreign dollar loans, to which the new head of the Reichsbank i sympathetic. disturbed the market for nearly all German issues. The gov- ernment loans were down 134 to 2% points, with losses of about the same amount in corporation bonds. At the same time French and United Kingdom issues were heavy as a result of the general war talk in Europe. The main losses in the domestic list were in the speculative rails and in- dustrials, although some of the public utilities were likewise heavy. Baltimore & Ohio 6s lost over 2 points, Southern Pacific 4';s were down 1'. points and New York Central 4';s a point. Western Union 5s, which had had a rally of nearly 13 points in 2 days. lost 2 points. American & Foreign Power 5s were off s point. On the other hand North American Co. 55 and North American Egison 5s and Philadelphia Co. 58 each gained a point. Studebaker Corporation 88 lost over 3 points. There was & de- cline of a point in Tobacco Products €125 and in Pure Oil 5'.s. gh grade issues were heavy, in- qluding Union Pacific 4s, which lost & point. SOUTH IS CHEERED BY COTTON ADVANCE Jump of $5 a Bale Yesterday Adds| Few Millions to Pocket- _ books of Dixie. & By the Associated Press. ATLANTA, Ga. March 17.— Dixie | figured itself a few millions richer to- | day on the face of a rise in the price | of cotton, which it hoped would be maintained and even extended. Cotton bounced up $5 a bale yester- | qay as the New Orleans exchange trad- o Hud & M adj 5='57. 13 Hud & M rf 58’57 111 Bell Tell 5s 5 Tl Cent ¢l tr 4553, T11 Cent 4% s '66 . 10118 1012 10118 . 10116 101 10116 10112 1011 10112 103 102 18 lg‘: L1054 10418 1 111 Cont 81336 .. 108 26 108 16 108 26 111 CORILAN 158 High. Low. 2:85. | Ill CCStL&N 68 A 16% 16 18 |11l Steel db 415840, 57 lInland St 435 B'81, 324 [ Int Cement 55 '48. . 25% | Int Rap Trrf 58’66 11 | Int RapTr6s'32.. 68 | Int Rap Tr s 5% 50 Alleghany 5844 Alleghany 3840 | Alleghany 5s | Allis-Chalm 5: | Am Beet Sug 6s | Am Chain db 6533, | AmF P 58 2030.. | Am TG Ch5s 49, Am Metal 515834, | Am Sm&Ref 55 "4 | Am s | Am T&T 4125 | Am T&T ¢ tr s | Am T&T deb 58 '60. Am T&T deb 55 '65. | AmT&T 516543, 4 Am Wat Wks . Am W W & E 6575 | Am wr Pap 6: | Argent 6561 May. | Argentine 6s °59 Oc | Arzentine 6. Argentine s | Arm & Co 4! | Arm Del 5% | Assoc OIl 65 | Atchis 451905 | Atchison gn 4595, Atchison 4155 48 | AtIC List4s AUC Leol 45°52. AUCLun %864, Int & Gt Nor 6; Int& G Naj 65 Int Hydro El 6s'44. Int Pap ref bs A'47. Int Pap 8s°85. . Int Ry C A Bs'72. IntT& T 438’39 IntT& Ty 104%_104% 52 Int T & T 6855, 103 7104 101% 101% Italy 75’51 101% 101% | Italy Pub 78 '62. 10415 104% 86~ | Japanese 55 e 4% 647 | Japanese 8%u 54 29 | KanCF S&M 4536 45% | Kan C PAL 413561 Kan City Sou 3&'50. Kan City Sou 5'50. Kan City Ter 48'60. Kfesge Found 8536 Kreug & Toll5s'89. Tack 8t15s A '50 Laclede Gas 5834, Laclede 5148 C '53. Laclede 518 D '60, Lautaro Nit 6s '54. Leh Val cn 4s 2003, Leh Ven 415 2008, Lig & Myers 5s'51 Loew's 8s"41. Long Ial rf 48 Long 1sl db 5 Lorillard 5s '51. Lorillard 75 44. 1 1a & ArR 5569, Lou G & Fl 55 A L& N uni 45 '40. L & N 4155 C 2003 L& NSsB2003.. 361 100% 100% 0% 704 T4k 73% TAm 891 59 78 684 301 | Atl Ref db 5s Australia 4138°56. Australia 5 Australi Austrian Austrian B&Q1st 4548 B&O 41533 B& O 412260 B & O 1= 48 B & O ref 5595 B&Orf6s( B&OSwdyv Ban & Aroos 45'51., Batav Pet 415842, Belgium s ‘55 Belgium 6158 '49. | Belgium 7555, ... Belgium 7s'56. . Bell Tel Pa 5s B'48. | Benef Loan 6s 46 Berlin Cy FI 8s°5; Berlin 815550, Berlin C Kl 8158 Berlin " EI §1 | Beth 8t pm | Bethstire 5 | Bordeaux 6s '3¢ | Bos & Me 55 '67 | Brazil 614+ | Brazil 61 Brazil 841 Bklyn F : | Bklyn Man 6s A 68 | BKlyn UnGas 5s°4 Bklyn Un Bklyn UnGa Budapest 6s "6 Buenos A R 6s ke e cmERatueSnanatnara— ande 2 2 *'50. Market 8t 7s A "40. Marsellle 65 Mex 48 ast 190 . Mex 45 ast 1910-45. Milan 615552 M1l E Ry&L 5s'61. Mil E Ry&L 5s'71. MSPASSM cn 4= ‘38 MSPASSM 5 gt'38. MSP&BSM 515578 MK&Tist4="90.. MK&T4us'18... MK&T5sA 62 MK & Tadj 5 Mo Pac gn 4s* Mo Pacrf 58 A Mo Pac 58 F '77 Mo Pac 58 G Mo Pac 5= H ‘80 Mo Pac5a1°81.... Mo Pac 5148 A "49. . Mobile-Ohio Montevideo s Mor&Co 1st 4135'39 Nat Dairy 5% <48, . Nat Steel 5856 . NEng T 18t 58" J Power 8'60 65. Bush Tar con Bush T Bldg 55'60. . Calif Packing 58'40 Canada 43°60. . Canada 45 Canada 5852, Can Nat Ry 415 Can Nat Ry 4155 Can Nat Ry 41,563 Can Nat Can Nat Nw 8 Wales 5& NYCent31,5°97. N 'Y Cent db 4s'34 YCOrfat2013. NYCrf4%s2013n NYCrf5s2013 N Y Cent db 6s '35 NYC&StL 415878, NYC&StL514sA'T4. N Y Edison 55 B'44 N Y Edison 55 C'51. NYEdrf6iss 41 N Y EL H&P 45" o w SaBen aawn r4lis 35 Can Nor db 615 Can Nor de Can Pac de Can Pac 5 Cent 111 E&G Cent Pac 1st 4. ent Pac 58 60 Cert-tddb 51, Y NH&H 4s'57. . NY NH&H 44567, ing was resumed following restoration | of virtually normal banking conditions and held net increase of $3.75 to $4.25 ® bale against a trend to cash in on the better prices. | Every time the market shows an in- | crease it plays a beneficent Santa Claus and drops potentfal dollars in Dixie's stockings. If the advance Is a | big one, the farmers who have a few | bales in their barns or stacked on the ! front veranda hitch up the mules and | start to town to cash in a little bit on | the break. He pays the preacher, buys a few | dresses for the “gals,” some shells for the shotgun and generally restocks his supplies. Its like Christmas down in | Dixie when cotton goes up and if the Increase is a big one you can tell it by the wagons on the roads.as easily as by the quotations at the markets. Mills Joins 0il Co. Board. NEW YORK. March 17 (#).—Former Becretary of the Treasury Ogden Mills hes been elected a director of the Sea- board Oil Co. of Delaware. Mills re- cently was named a director of Na- tional Biscuit Co. Grain Market By the Associated Press. CHICAGO, March 17.—Wheat rose | 8 cents a bushel right at the outset to- | day. and then quickly reacted alnfost 2‘. cents. Unlike yesterday, the market failed to go at once to the maximum limit allowed, 5 cents advance. Buying of wheat at the opening was on a big scale, but of notably less volume than at the corresponding time | the previous day. Sharp differences of | opinfon were expressed by ftraders as | to the probable effects of President Roosevelt’s plan intended to lift all| cultural ~ commodities - to higher | rices. Vashington Stock Exchange | SALES. | ‘Washington Rwy. & Elec. pfd.—10 at 80, | C: 4 at 80, Bid and Asked Prices. BONDS. PUBLIC UTILITY. Bid. Asked. Amer. Tel. & Tel. 4135 '39... 105 Am. Tel. & Tel. ctl. tr. 3s..... 103'2 ... | Anacostia & Pot. R R. 3s & P. Tel of Va. 5% Gapital Traction R R. 5 City & Suburban 55 a8 65, serles Wash. Gas 68, series B ‘Wash. Rwy, & Elec. 4s.. . MISCELLANEOUS. rber & Ross. Inc. Alas. . y _Chase Club 5las .ea \ém;,u Ccufll{:y s:nh AL I Vash. Mkt. Cold Storase 5s. STOCKS. PUBLIC UTILITY. Tel. & Tel. (9) 10 oL er. Bromo-Selz. Lanston Monotype (4)... . §isoples Drug Eioreg pfd. () ‘ash. Gas Light Co. (3.60). . & Wash. Steamboat (8). t. Elec. Power A7 pfd.. Elec. Pwr. 5'2‘c pft ash. com. ‘Wash. Rwy. & Blec. pf Unlisted Department. (These securities not listed under exchanss BONDS. Min. price. mmercial Otub 1st Bs. R0 5 os Club 4138 flower Hotel 6 etropolitan iat. Press Bldg ash. Sub. 513s... SEx dividend, bBo. 5¢ extra. Club 412 1st 5138, s2 oks closed. | Cone C Md rf | Erieretss'7 * | Fiat aeb 7546, %0 RN AN SRR NBDADR NN Ches Corp 5s " C&Ogen4lzs C&O0 455 B 95 womwamdSon R Q 1 CB&Q 1113354 CB&Q 111 4549 CB&Q4Ls Chi & Est 111 5¢ Chi Grt West 4’ CM&StPgn4 Chi M & StP 4 N Y Telgen414n-39 NY W&B 415546 Nia Sh Md 5165 '50. Nor & Wn cn 4s 9. Nor & Wn div 4544 North Am Co 55'61. Nor Am Ed 55 C'69, Nor AmE 5% 63 Nor Ger Ltd 6s '47. NorOT & L 6547, Nor Pac gn 35 2047, Nor Pac 4s°97. .., Nor Pac r 1 6s2047. 1 Nor St Pw 55 A 41, Nor 8t Pw 8 B '41. Norway 6s'52. . Ohio P S 7145 "46. Oreg-Wash 45 61.. Orient Dev 6s '53. . Owens 111 G1 58°39, Pac G&E 5542, Pac TAT rf 55 °52. Paramonnt 65 '47. . Param-Pub 51550 ParisOr 5145 68.., Penn sta 48°48. Penn4y%sD'81.. Penn cn 4158 '60 Penn gn 414 '65 Penn 43,4 D'70. Penn 4%« "63, Penn 58°64. .. Penn gen 5= '68, Penn §158'36. Penn P&L 41; e 2000 Chi & NW gn 4s'87. @ Chi& NW 6155 '36. Chi RI&P gn 45 '88. Chi RI&P rf 45" ChiRI&P 412852, Chi RI4%8'60. CTH&SE 18t 55'60. CTH&SE in 53 °60. . ChiUnSt5s'44..., Chi Un Sta 6% s’ C & W Ind en 4552, C& W Ind 515862, Childs deb 55 '43. Chile 6360 Chile 6561 Jan Chile 65 '61 Sept... Chile 6262, ......, Chile 6s Chile Cop db 5s "4 - e RN BB SRR~ RN NS AR AN DR 2 N W NP A N NR - N ARABN SN~ RN AN DA~ IO NBO AT TN NR =005 S ~ Chi Mtg Bk 6335 Chi Mtg Bk 6%'61., 52% 52 4T% 47w 89% 5914 6015 60 Peru 6s '60 Phila Co 58 '67 Phila Elec 4871 .. Phila & Read 6349 Philippine R 45 '37. Phillip Pet 5% 539 Pillsb F M 6s°43. .. P CC&St L 58 A'70 Poland 6s " Clev Term 5s B Colomb 65’61 Jan. Colomb 6861 Oct Colon Oil 6= '38. Colo & Sou 4158 Col G&E 55 '52 May ‘ol Gas& E 55 '61.. Com Inves 5158 '49, '50, 51. Con G/ Con Gas Con G NY Con P Jap 6% Con Pow Jap 7. Y43 Y 58 Port Gn El 4 PosTel &C 5 Prussia 652 Prussia 6148 '51, . Public Serv 4s'71 PubSvG4lya’sr.. Pub Sv G 414570 Pure Of1 5% 5'40. Queensland 7s'41 Read 4148 A '97. Rem Arms 6s A '3’ Rem R5%{8A'4Tww Rhinelbe 17 75 "46. . Rhine Ruhr 6s 53 Rhine West 6s @i 104 103 36 35% 40% 40% 5815 58t 15 15 95 95 95 95 1% 1% 644 63% 73% 78% 9% 194 zecho 88 '51. Czecho 85 '62. L T L T T Y T SRR Del&Hud ref 443, Denmark 418 '62 Denmark 5% '55 Denmark 6s°42. ... D&RGren4s'36.. | D& RGr4%4s'36 D&RG W bs D&RG W 5s Det Bd 4%s D61 Det Edison rf 5s" Det Edison 58’5 Det Edison 58 '55. .. Dodge Bros 85 40. ., Duquesned 1o sA'67, Duquesned 1 8B'57, Dutch East 1 63'47. Dutch East I 6s'62.. Erte Con 4s ') Erie 4s B'53. Erie gen 4s'96. Erie ref 5s 6’ Rhine West 6s Rio de Jan 615 R Gr do Sul 6568 R Gr do Sul 8s°46 RIAr& L4%s'34, Rome 614852 Royal Dutch 4 StL IM R&G 4533 StL&SF 4n A '50... StL&S'F4%s'78. StL8F 43%s'78ct st St L&SF 558 B'50,.. 8t P Un Dep 587} Sao Paulo 7840 Saxon P W 6348 Sazon 7845 Seab A L adj 5x'49. Berbs-Cr-8178 62 Shell U Oil 58°47.... Shell U O 58" 49ww. Silesia Prov 7358, 88 981 98y 72 72 1% 40y A7 47 264 26 . .26% 26 951 93% Finland 6s 45 61 61 Finland 6155 '56. Finland 7s'50. French Gv 784 French Gv 7% | Gelsenk’hen 68 '34. Gen Baking 5%5'40 Gen Cable hlas'4 Ger Cent Bk 65°38... Ger Cen Bk 6560 J Ger Cen Bk 6560 0 Ger Cen Bk Ger Gen Elec 88’48, Ger Gov 515565, ..149 German Rep 75 '49. 20 GoodHopeS&I 7846 Goodrich 68 ‘45 Goodrich 614" Bao 118% 118 125 124 66 644 3 Ronnanlabo-nennwara Soissons 68'36. ... Sou Bell T&T bx'd1. Sou Pac col 48°49.. Sou Pac rf 4855, Bou Pac 438’ BouP 4%s'6S ww.. Sou Pac 41%4s'81... Bou PAOr 4 %8A'1T: Sou Ry gn 4sA'56 Sou Ry 58’94 . Sou Ry gn 6. . Sou Ry 614856 sEmRANON - = ot « 97 97131 Sou Ry M&O 45'38. 5 25 Gr 99% 100 . SW Bell T 65 A '54. 10 1062 ly Under 15 Per Cent Level, Says Review. By the Associated Press. YORK, March 17.—The steel 2| industry is confident that the resump- tion of banking activity will bring “a meAsurable improvement before the end of the month,” sald Iron Age. It estimated current {ngot produc- tion at “a shade under” the 15 per cent level reported for last week and said there was bility of a further decline “before the turn arrives.” Much of the decrease is directly due to small- er automobile production. “The aftermath of the banking holi- day and reorganization of the banki system as affecting the iron and steel and allied industries,” said the review, “Is a widespread expectation of & rising volume of business and a higher price level, which has already been re- flected in an advance of 25 cents a ton in heavy steel scrap at Pittsburgh, sharp price increases on mnon-ferrous metals and a general decision among producers of pig iron and finished steel not to sell for delivery beyond the sec- ond quarter, notwithstanding the de- sire_of some consumers to cover for };::‘,vr periods, particularly for pig lization of beer, the review said. would release considerable steel ton- nage for tanks and other tqulrment that has been pending for some time. SHORT-TERM SECUBITIES. (Reported by Chas. D. Barney & Co.) Bid. Ofter. Allis-Chalmers Co. 5s 1937 .. A8 American Chaly er_ Te Ry. 4 mercial Credit 5 Delaware & Hudson L& H. 43 & 8t L 4s 19 [ Telep. 41as 1934 3 6125 1930 (0015 & T Wabash Rwy. Co. Bs DIVIDENDS ANNOUNCE NEW YORK, March 17 (#).— 19 Hidrs of Company. R reeord. Brookiyn Trust... M Can Bread st pf = Canadian Canners Ltd = conv pf .. .56 Clev Elec 1l Co Maiine Midld Trust Co (N Y) ....37%c Q Mar. Montciair Trust C0 (Nd) .ooene 25¢ Q Apr. Ex Inter Button-Hole Sewing Mach 10c .. Mar. 18 anking & Tr ton, Pa)...50c .. nitial. 49 W 37th St Corp (N Y) vtc ....S1.50 8 Mar. Revamed. Apr. Markle (Hazel Mar. 25 @ P $1.75 Deterred. Carey (Philip) pf.$1.50 Q Mar. 3 Regular. Ab & Str Inc pf $1.7. Canadian Csnners 'f'gn P . Cin GE 5% pf A $1:28 ity Co pi 4175 Clinton Title & Mtsg ty . .....30¢ Bdmonton City Deiry' 6la% pf .. $1.62% Pishman (O i) Cg Tng Int_Button-Hole 8% pf .. 22 McAndrews &' Foy. R e e Markie Bkg & Trust (Hazelton._ Pa) 2180 Myers (FE) ‘Br of.$1.80 ot , 000D OOO DO DRDOO O OOm HOO O g2 5 voting shares ...10¢ . National Finsnce’ Corp (Balt) Cl A. ! Do. Class . Do. A% Bf .. Pansis Pow &'Li Corp Reece Folding Mch Rockville-Willimantic Lt Co 7% pf..$1. Do. 6% pf. . 7% L 00 D00O0O OO 000 Sales. High. low. 2:55. 103 103% 961 30 94w 103% StOfl N J 5s'46. StOilN Y 41455 Studebaker 6x *42 Sweden 538 '54. Swiss 514546 Tenn EI P 68 A '47.. Tex Corp cv 58 "44. Tex&P 1=t 58 2000 Tex & Pac Tex & P55 C 3 Tex & Pac 55 D80, Third Av rf 4s8°60. . Third Av 18t 68'37. Third Av adj 58'60. Tob P NJ 635 2082 Toho El Pw 78 '55 Tokio 5%s"61. Tokio 58 '52. Tokio El Lt 68 Un EIL&P ref 533 Union El L&P 5857 Un Pac 1st 45 '47. Un Pac 4s '68. Un Pac rf 45 2008. Un Pac 4%5'67.... Un P 1st rf 55 2008. Unit Drug 58 '53 U S Rubber 58 UnSt W 61es A'4T Un St W6%sA'51. Un St W 6%s C51.. Uruguay 6s '6 Uruguay 6s Utah P& L 5s’44.. Utll Pw 5359 ww. Util Bow 5%s'47 Vienna 8s'52. Va El&Pwr %842 Va Ry 1st 5s A°62 Va Ry & Pw 68 '34 Va SW 1st cn 58 ‘Wabash 18t 58°39.. Wabash 2d 58°39.. h 58 D '8 RreaBoroar B - PR OO S ‘Warn Br Pic ‘Warren Bros 85’41 Warsaw 78'58..... ‘West Sh 1st 4s 2361 West Bl db 5s "4 West Md 1st 4s '52. West Md 5%s°77. West Pac 58 A '46. . West Uncl tr5s'38 2 ‘West Union §s'51.. 18 ‘West Union 5s 60 9 West 6%s°36.. 2 ‘West] lia 63 '53 9 " Wil & Co 1st §s°41 .22 ‘Wis Cent Tm 4536, 2 Ygstn S&T 58 A'78. 2484 28 2571 W md‘s 106, -Ygstn 84T 55 B'70. 4 .57 5T% sions After Two-Day Upswing. BY JOHN A. CRONE. Epecial Dispatch to The Star. R NEW YORK, March 17.—The Curb Exchange continued to drift toward lower levels after an easier opening to- day, which followed two succéssive ses- slons of advancing quotations. The markét leadeérs were offered in sizeable blocks during the first hour, but subsequently offerings tapered. Elec- tric Bond & Share at one time was down about & it. Standard Oil of Indiana was off only & shade, a8 was Citles Service. Nisgara-Hudson Power was unicha 5 Accompanying the lower trends of commodities and securities during the first two hours were lessened rates on money. On the Curb Exchange call money was quoted at 4 per cent, against 8 per cent the preceding day. flecting the halving of the common g-mfly dividend rate, Babcock & ilcox declined. ~ Pepperell Manufac- turing was steady as the textile trade showed a disposition to watch the trends of raw materials. A. O. Smith fi:ponuon quickly reversed its early There was less emphasis today on the so-called beer issues and shares of companies known to have large in- ventories, but public utilities, petroleums and store stocks were more frequent visitors on the tape. Total trading during the first two hours was less than half of the volume piled up in the {same Thursday period. | _ Lerner Stores preferred, Parke-Davis, | Walgreen and National Bellas Hess were the leaders in the store group. Deere | & Co. and Quaker Oats were prominent | { among the food issues. Great Atlantic | 9 Al & Pacific Tca opened off 4 points. Gold | thares once again assumed active par- | ticipation in the market, their volume | outdistancing the baser metal securities | | which had featured that division the‘ last two sessions. | 8enlor stocks of public utility hold- | ing companies were among the first in | that classification to show signs of softening. ‘The leaders were American | Superpower first preferred and Electric | Bond and Share $6 preferred. Later | some of the higher-priced junior issues, such as Consolidated Gas of Baltimore, | | Commonwealth Edison and Duke Power | yielded. Medium-priced utilities like | American Gas & Electric and Niagara- | Hudson Power then encountered offer- ings. —_— Corn Acreage Reduced. By the Associated Press. The Department of Agriculture an-| nounced this year's corn acreage for/ | harvest would be 3.5 per cent smaller | than the harvested acreage of last year, | | based on farmers' intentions as of March 1. | New York Cotton| | Special Dispatch to The Btar. NEW YORK. March 17.—Opening Mar. 10 cotton prices here today were off 7 Great A&PT pt(7) 50s | to 10 points following the steady and | quiet market in Liverpool | | " Initial quotations were: March. 6.61, | Sales in DOMESTIC BONDS. thousands. b 2 m 5 S S R Sm R G N e T~ ey e TroTron 2 351 9m 900 B A e 12 Oy el P ‘& - 0 5000 & e o - 3D & 5! ) D OB=3 s > D121 D D D 1D MDD D ALIALIB LS 909! 8383 & S FEE FEEPER SR E e Rt P A0 S DD D DD S BN kS SREEEEE R i b et S PR3 22l A3 SANS2E2RURIRNB222028882 AR et s 20 23 FEE EEFE et & OESEE £z smiomoSoeSaeSSunnsunn | ok Sonw 1gsa0RIeR2 IR, 5 SEESE SEEEE PeEmREQO! EEEEERO0! 3 oK P 2 2S3335382! 2SIRARRIS2SIE 8L 232542, DeemeaI1IIR-IAA 22 DRLIWDUI 1120 1IRAD | Italian Superpw A. Parke Davis (1).., 9 Parker Rust P 2 %. 508 ¢ 2 Peninsular Tel Am City P&L B 158 269 eI'pt 7 308 AmCyanamid B... 44 Penroad Corp. 3 Penn Mex Fuel Am & For Pw war P 5 Am Founders. . enn Wat & P (3 SN Pepperell Mfg Co. . 408 Am Lt & Trae (2).. ;‘r;oamx Secur..... 14 Am Lt Trac ot Radio Tube A 2 Ploneer Gold 24¢c.. 46 Pitney Bowes P. 4 Powdrell & Alex Prudential Inv. . Pub Util Hidx w. , Pub Ut HId epr.. 5 Puget 8d P&LS5 pf 105 Puget £4 PAL$6 pf 1308 Quaker Oats (15).. 308 Republic Gas. 3 Roan Antelope.... 2 | Roch G& Epf D 6. 1008 Royal Typewriter. 2 Safety Car H& Lt, St Regis Paper. ... .63-; Salt Creek Prod (1) " 1 Seaboard Utilities. 2 Segal Lock & Hrd., 2 Selected Industries 3 3 4 = . Am Superpower Am Superpower pf. Am Super 1st pf 6. . Arkansas Nat Ga! Arkansas Nt Gs A Ark NatGaspt., Ae80 Gas & Elec /., Asso Gas&Elec (A) Atlas Utilities, Atlas Utl war. Auto Voting Mach. 3 Babcox&Wilcox(2) 6508 Benef Ind Loan 1% 4 Blue Ridge,....... 11 Blue Ridgecpfas., 3 Brillo Mfg (60c). Buff N&E 1st pf(5 BurmaLtd rcts pic. Butler Bros....... Canadian Marconi. Carrier Corp. Celanese 1st pf. Cent HudG&E(80c) Cent States Elec. ... Cent & Swn Ut pr li Citles Service Cities Service pf. Cities Serv pf B Claude Neon Inc. ColG&Eevpt(b). Col Ol & Gas vtc. . Comwith Edis (5).. Comwlth & Sou wr. Consol Cupper-. ... Cons Gas Balt 3.60, Consol Retail Str: Cord Corp (10c) Cosden & Co c.0.4. Creole Petroleum. . Cresson Consol(4c) Crocker Wheeler. . Cuban Tob vte. Cusi Mexicana Min Deere & Co. Dow Chemic Driver Harris Duke Power (4) East G&F Ar (60c). Eastr G&F pf (6).. 508 East States Power. 7 Eastn Util Asso(z) 508 East Utll Assocv.. 1 Risler Elec Corp... 1 E1Bd & Share b6 % 334 E!Bd& Share pt6. 5 EIPwr As A (400). 1 El Pwr Assoc(40c) 1 EiecP& Lopwar. 5 Elec PAL 2d p{(A). 258 Elac Shareholding. Emp Dist Elec pt Empire G & F 6% Empire G & F 1% Empire G & F 8% Europ El Ltd A 30¢ Europ Elec deb ris. Ex-cello Air & Tool Fajardo Sugar. ... 1008 Flatrets (pstc)... 3 Ford Motor CanA. 1 Ford Motor Can B. 100s 3 = Ford Motor Ltd.... 22 i : Foundation For Sh™ 2 General Aviation.. 4 Gen Pub Service pf 108 GenTheat Eqevpf 64 Glen Alden Coal 1 Globe Underw kise 3 Goldman Sachs. ... 15 Grt A&P T n-v(t7) 308 18 4 Seleet Ind pr(53 Shenandoan Cotp. Silica Gelet. ... Singer Mg Co (6). 30 Smith (A 0) . 45! 50 Am Gold & Plat, SouCalEdptC 1% Southern P L (40c) Spiex May Stern pt Stand Oil Ind (1), . 8tand Ofl of Ky (1). Stand Silver & Ld. Stutz Motor Car. Sullivan Mach Sun Investing pt. |, Swift&Co......., Swift Internatl(2), Technicolor. ...... Tech Hughes (60c) Tobacco Prod Del., Utd Corp war. United Founde; Unit Gas'pf (1). Unit Lt&Pwr (A). Utd Lt& Pow B, ,, Unit Lt & Pw: pt., U S Elec Pwr ww. . US&Intl 18t pt U S Play Card (1 Utl P & Lt. Van Camp Pack. .. Van Camp Pak pf. Venezuelan Pete. .. Walgreen Co (1).. Walker (Hiram). . st Alr Express. | vest Power pf (7) 1008 Wil-Low Cafe pf.. 758 Woolworth (F W) Ltd (p24 2-5¢)... 1 Wright ghtHargt20e. 2 0 o Dividend rates in doliarment. *Ex uarterly or uslf% stock. vidend. tPartly extra. ble 1n | 8 Pavable 12 cash or sta us 5% | e Adjustment dive. hPlus 1% | 3 ¥’lux 6% ini. kPlus 10% . 1Plus 2% inck. n Plus 8% £tock. . mPlus 3% vno regular rate stock. P Paid last 1 1 1 32 1 Gulf Oilof Pa.. Hecla Mining. Hudson Bay Min. 12 Imp Ofl Ltd cou 50¢ Imp TGB&1 k74 %e Int Petrol (1).. IntUtlB......... Interstate Equities strict of Columbia. Lake Shore M (2).. Lakey Fdy & Mch. Lehigh Cog1&N 40¢ Lerner Strs pf ww. 1008 Libby McNeill& L. 1 Lone Star G bédc.. 1 LnglsLtng pfA 7. 10s 8 Con Mfg (3) 1 on Stm Shovel 1, is Bottling A 4 Memphis Nat Gas.. 17 Midl West Utllities 2 Mont Ward (A). 20s Mopntain Prod 1 . » . Nat Dairy pt A (7) 258 Nat investors. 5 t Transit (80c). 2 New Eng Pw pf (6) 408 Newmont Mining.. 6 N Y Ship (10e) 36 NYTelpt (6%)... 258 Niag Hudson P (1) 8 Niag Hud (A) war. Niag Sha(Md)B 20¢ Nipissing.. 10 i w1y Outstanding Accounts Noted for Week. By the Associated Press. pral The daily lverx;:fe volume offing Reserve Bank credit outstandi the week ending March 15, wg $3,- h; the Pederal Reserve Bog0,000 636,000,000, an increase ofek and compared with the precediyth the of $1,964,000,000 compare same week in 1932, ve Bank On March 15, total ,000, a de- credits amounted to £3,5%he ' week. crease of $119,000000 with de- This decrease ' corresponey in cir- creases of $269,000,000 unexpended culation and $7,000,0per deposits, capital funds, non-$8000,000 in etc, and increasesnd $25,000,000 monetary gold stoc in_Treasury curréngsed $159,000,000 Bills discounted ® Bank at New at the Pederal Fhicago and $182- York, $52,000,000,] Reserve Banks. 000,000 at all ¥ of bills bought in The system's hed $14,000,000 while open market ded States Treasury holdings of 000,000, and of cer- notes increas$13,000,000. tificates amd securities held by the United StBanks on March 15 4n- Federal Res Treasury certificate of cluded a smpared with $32,000,000 $19,000,00Ged by the Treasury pend- 8 year agtion of quarterly tax pay- & | ing the ¢ ments, OF THE PERMAN THROUGHOUT 42 YEARS OF SE VICE IN WASHING- TON IS AMPLE EVI- DENCE OF THE PEO- PL! FAITH IN THIS INSTITUTIONS STRENGTH. Members D. C. Building Assn. Council P?RMAN EV{JT BUILDING ASSOCIATION U, B9~ 914 ST NW. 5! & SUstavision us 1 NOTICE WTe prepared ‘to act promptly on appli- cons for Loans on Real Estate in the {0 Commissions Charged. Columbia Building Association 716 Eleventh Street N.W. \ Member of District of Columbia Building Association Council Novadel Agne (5).. 3™ 3% 39 sTEAMBOAT (APANY | PLANNIV EXPANSION Special Dispatch BALTIMOR] ern Shore erates a service bet hannock & Sar. ch 17.—The West- Co., which op- , freight and mail Baltimore and Rappa- tank River points, services this Spring, ac- apt. John W. Gresham, The company now is op- Code of Law for the District of Col New premiums, ordinary.. Renewal premiums, Ty Total premium ifcome Total interest and rents. .. Other income including $ Health Dept. . Total income. ) Net amount paid for losses uplem recently establ competition 18 proving successful, to officials of the company. All dent and Health Dept. ... FEEE PEEE S-aazen 25222230233 oz!zgggzfi 299 "9 o 50> S 225 R 57 g Py SEfes CREN) 4333, 230008 S a1 2 1L DS O D10 D45 1D TS S 1 32 013 A 0 5 5D M S5 B3 DB 3099 ,,,__n,a,:q__: < s85%ag 2 £42 /S. TREASURY CERTIFICATES (Reported by Chas. D. Barney & Co.) aturity. 2, 1933 ‘Total disbursements. Real estate. Property acqt redem; ption M loans on real estal mm and premium notes Bonds and stocks. 2 383 12 o B9800 38 GRS 0! 83 20 =, 82 e g353Es 8338538 dsds Market Averages By the Associsted Press. ‘Total policy claims. 33 Health Dept. Unassigned funds (surplus) ‘Total Amount of ordinary busin outstan December 31, 1932 Amount of S 2o2eER=3T3 302 106. 3 B ] s 28382 Yesterday . B0 DD eI Amount of industrial gosl;mm during the year, W. C. 23335 82333883 B DO 223 ey . R353NI3, baatd BODRRIDIDIDL! 23828383305 0¥ (250800 2 DWS 2318 (Seal.) New York County ozrm 8. 2 ordinal ‘Total gross industrial premium income. DISBURSEMENTS and matured endowments ents to policy holders including $97,567,816. O Bividends sng $383205778 s consideration for direct payment of weekly premiums. other disbursements including $1 closure and held subject to n Net amount of uncollected and deferred pi other assets. Other liabilities including $8,726,391.43 in Accident and m:‘dm-ry business written District bia during the year, outstanding December 31, outstanding December 31, \ PLETCHER, FRANCIS M, SMITH, 3d Vice President. Sécretary. mucmmnmmu?mmmmmotmm. 1933. . New York Oounty Register's No. 4-B-946. Cxpires” Match 30, 1934: STATEMENT OF THE CONDITION OF THE Metropolitan Life Insurance Co. of New York, N. Y. On the 31st day of December, l'fll.“;‘sm\:qulnd under Section 647 of the . $ 4722115241 334,122,046.44 334.569:859.71 $715,913,058.56 170,609,732.20 35,430,309.94 . $921,953,100.70 dent ‘and .. § 196450,12858 3 355,261,585.20 Acci- 0773808 In Al yn9a1210833 & 104,819,884.30 14,937,487.26 1,462,588,666.85 476,284,455.37 152,974,667.36 10,000.00 16,074.82 63,999,848.53 70,384,143.27 75,556,558.55 16,259.393.17 . $3,814,131,179. - 44.758,754.20 vevvveseses §3,160,372425.28 . $8,195,064,184.00 . 65,035,645.00 . 99,405,191.00 26,934,731.99 142,120.933.82 " $%,528,560,685 81 24081173947 $3.,160,372.425.28 Y $1,128,015,49.00 $5,402,000.00 $629,928,306.00 “ee $4,771,000.00 H. BARNES, Notary Public,