Evening Star Newspaper, March 22, 1933, Page 15

FINANCIAL GOVERNMENT BOND ISSUES ARE HIGHER Corporation Group Heavy and Foreign Dollar Loans Lower in Profit Taking. BY CHARLES F. SPEARE. Bpecial Dispatch to The Star. NEW YORK, March 22—While United States Government bonds im- proved in the first half of today's ses- sion, the market for domestic corpora- tion issues was heavy and a majority of the foreign dollar loans guoted were lower. There was still an element of profit- taking to affect prices. In addition, several of the public utility bonds were influenced by poor earnings and by the increasing drive from many parts of the country for lower rates. The recovery in Treasury loans was limited to 1§ or }{ of a point and was too small to suggest any change in the trend of this group. *which had been under pressure for several days. The prospect of a large popular loan at an attractive rate of interest is one of the mgin factors in the day-to-day fluctua- tions. However, there is no certainty when this will be announced or on what basis it will be offered. Except for an isolated movement in | Interborough Rapid Transit issues, Which rose 115 to nearly 2 points, most of the active public utility bonds were lower. These included the Consolidated Gas of New York and American Tele- phone & Telegraph 5> and 5 per cemf bonds. In the iower grades there were losses in the International Telephone & Telegraph and Postal Telegraph loans on the poor earnings statements for 1932. Western Union obligations were also heavy. Columbia Gas & Electric 5s lost. a_point, as did American &| Foreign Power 5s. Detroit Edison issues have been slowly improving with the opening up of the Michigan bank- ing situation. ‘The weak spot in the industrial list was Shell Union Ol 5s, which declined 3 points. Fractional losses occurred in United Drug 5s, Texas Co. 5s and Stude- baker 6s, while Warner Bros, 6s were off | 112 points. In the speculative rails there were small declines on a limited amount of trading, with the Street waiting for some definite news concerning the much-talked-of plan of financial reor- ganization to be presented by the ad- ministration and the possibility of con- crete recommendations concerning rail- road consolidations. Following the reaction in Government bonds there has been a softer market this week for municipals, with no new financing of importance in sight. NEW YORK EGG PRICES . NEW YORK, March 22 (Special).— Quotations for eggs in the wholesale Nash Market today were: Mixed colors: Special packs, 15a16% ; standards, 1415214%; storage packed firsts, 141 firsts, 1314 seconds, 13; medium, 12!5a13; dirties, 13; checks, 11%a12. Whites: Nearby selected, 1912a ‘Western receipts, specials, 17a standards, 16a16';;: undergrades, 15a15!,. Browns: Nearby and Western special packs, 16a18; standards, 15a15!2. Washington Produce WHOLESALE PRICES. Butter—One-pound prints (93 score). 22; tub, 21; one-pound prints (92 score), 21; tub, 20; one-pound prints (91 score), 20; tub, 19: prints (90 score), 19; tub, 18. Eggs—Hennery, white, 11a12; current reccipts, all; Government graded, extras, 1812; standards, 16'%; mediums, | 1515, | Poultry, alive—Turkeys, hens. young, | 16a20; oid, 12al4; toms, 13al4; old,| 8a10; chickens, hens, 13al5; Leghorn hens, 9all; Winter chickens, 13alé: stags, 8al0; roosters, 6a7; Plymouth Rocks, broilers, 20a22; fryers, 17al9; roasters, 17a19; mixed colored chick- ens, 14al16; keats. young. 25a40: old, 15a20; capons, 7 to 9 pounds, 18; 5 to 6 pounds, 15. Poultry, dressed — Turkeys. hens, young, 19a23; old, 15a17; toms, young, 16al7; old, 11a13; chickens, hens. 16a18; Leghorn hens, 12a13; Winter chicken 18a19; stags, 11213; roasters, 9al0; Plymouth Rocks, broilers, 23a25; fryers, 20a21; roasters, 20a22; mixed colored chickens, 17a19; keats, young, 28a43; old, 18a23; capons, 7 to 9 pounds, 21 5 to 6 pounds, 18. Meats—Beef, 11; lamb, 12; veal, 12: rk loins, 13; fresh hams, 12; smoked ms, 13; strip bacon, 13; lard, 7%; compound, 7. Live stock—Hogs, light, 3.75a4.20; heavy, 3.25a4.00; medium, 3.7524.30; pigs, 2.7524.00; rcughs, 1.50a3.00; calves, 3.00a6.00; lambs, 3.0026.00. Fruits—Watermelons, Argentina, 15 4o 18 pounds, 2.00a2.50; grapes, Argen- tina, Almeira’s and Muscatels, per pound, 50; oranges, 2.50a4.00; lemons, 4.00a5.00; grapefruit, 2.50a2.75; limes, per 100, 2.00; strawberries, 5.00a7.00; tangerines, 2.25a2.50; bananas, 1.25a2.50; apples, fancy box stock, 1.75a2.25; nec- tarines, 1.75: honeydew 1.50a1.75; pineapples, 4.0026.00; rhubarb, 40a50; alligator pears, 2.50a4.00; pears, box, 3.252.75. : Vegetables — Potatoes, Ma'ne, 1.25; New York, 1.10; Florida, new, barrels, 5.5026.00; Idaho bakers, 1.75a2.00; sweets, 60a75; cabbage, new, 1.00a1.50; 90; turnips, 75 parsnips; 50a75; 2.5022.75; let'uce, iceberg, | i beans, 1.50a1.75; | peas, 3.00a3.50: egg- tomeioe~, repacks, 3-pan, 1.25a1.75; lugs. 2.0022.50; cauli- flower, 1.50a1.75; broccoli, 3.00; spin- ach, 1.00; kale, 35a40; carrots, crates, 1.25; beets, crates, 1. corn, 3.00; okra, pans, 75 plant, ‘asparagus, 2.506.00; | cucumbers, '3.5024.00. Washington Stock Exchange SALES. Potomac Electric 515% pfd—5 at 106, 5 at 106, 10 at 105's. Mergenthaler Linotype—10 at 20, 3 at 20. Bid and Asked Prices. BONDS. PUBLIC UTILITY. Asked. Amer. Tel. & Tel. 4%s '30 Am. Tel. & Tel. ctl. tr. Anacostia & Pot. K. Anacostia_& c. Capital City & Suburban b3 Georgetown Gas_ 1t Potomac Elec. Co Potomac Elec, Wash. Gas ‘Washington Wash Gas 0is, series A Wash. Gas ts, series B. 2 Wash' Rwy. & Elec, 4s. MISCELLANEOUS. Barber & Ross, Inc.. .. 83 Chevy Chase Club Blas .0 0. Eolumbia Countey Club 5%4s Amer. Tel. & Tel. (9). Siion Co. w'c;rgu ht Co. 107 106, 270" prd. . d. (5). 81 ElL c Elec. ptd. (5). MISGELLANEOUS. Emer. Bromo-Selz. “A" e Lanston Monotype (4).. i Mergenthaler Linotype (3)... 20 Eeoples Drug Stores pfd, (473} & Lothrop 5 wd. Com. (1.201) *21 ‘Wdwd. & Lothrop Dm< Pot. Elec. PO Wash. Ry. & Wash. Rwy. & one-pound | | « | Cuba 535" 52% extra. y2la% extra. fic, extra. 4% extra. 5% extra. )...*106 *Ex dividen bBooks closei extr faoe ex 1% ext L$ 1% % extra, BOND ON NEW YOR STOCK EXCHAN Received by Private Wire Direct to The Star Office. UNITED STATES. (Sales are in $1.000.) High. Low. Lib3%s32-47... 10110 101 Lib 1st4%s 32-47. 10120 101 14 10120 10114 10110 10114 9719 974 9718 9826 989 9817 10024 1005 10018 100 28 10013 100 20 10024 1004 10017 103 102 28 10228 -54. 104 25 103 24 10412 US4K%s47-52,...108 1077 10724 Sales. Alleghany 6s’44,. 39 Alleghany 53°49... 22 Alleghany 5550 Am Beet Sug 65'35. ‘Am Chain db 6s°33. AmF P 532030.... AmIGCh 55’49, Am Metal 51534, Am Sm&Ref 5847, Am Sug Ref 6537, Am T&T 4148°39. . Am T&T c tr 53 °46. Am T&T deb 55 '60. Am T&T deb 55 '65. Am T&T 51:5°43.. Am Wat Wks 5s'34. AmWW&E 6375 Argentine 5155 '62. | Argent 6561 May. | Argentine 6s°59 Ju Argentine 63 '59 Oc Argentine 6s A " Argentine 6s B '58 Arm & Co 4%s Arm Del 5%s 43 Atchison adj 4s Atchison gn 4s Atchison 4145 '48. . Sra Bow At1C L col 4s AtICLun Afl Gulf&WI5s'59. Atl Ref db 58 °37 Australia 41:8°56. Australia 5s Australia 58 57, Austrian 7s '43 PN 19 B&Oref58'95.... B&Orf5sD2000. {B&Orf6sC'95 B&OSwdvis’ 1 Batav Pet 415542, Belgium 6s Belgium 7s’56 Bell Tel Pa 5s B'48. Bell Tel Pa 55 C'60. Benet Loan 65 46. Beth Stlrf 5542 Berlin Cy s'55. Berlin 613850 Berlin CEl 6 Berlin C El 6 125" Bolivia 75 '69 Bos & Me s Bos & Me & Bra Brazil 61e Brazil CR s '52 Brazil 8s'41. . Bklyn Ed 58 A "49.. Bklyn Elev 6%s. .. BKklyn Man 6s A '68 Bklyn Un Gas ; Bklyn UnGas Budapest 6s Buenos A R 65’6 BR& Pitts 4 Bush Ter con 5555, Bush T Bldg 55'60. Callf Packing 5s'40 Canada 4s'60 a4les’ Can s Can Nor deb 75’40, Can Pac deb 4s Can Pac 43 Can Pac 4 Cent 111 E Cent Pac 58 60 Cert-td db 5% Ches Corp 5s '47. C& O gen 41559 C&O 415 A93. C & O con 5539 CB&Qgn4s’ CB&Qrfi CB&Q 1113 CB&Q I11 45 '49 Chi & Est 111 Chi Grt West 45'59. C M & StP gn 45'89. Chi & NW gn 4387, Chi & NW 43,549, Chi & NW 6%s'36. Chi RI&P gn 45 '88. Chi RI&P rf 4s°34.. Chi RI&P 415’52, ChiRI4%s'60 CTH&SE in 5s Chi Un St 5544, Chi Un Sta 5s B'63. Chi Un Sta 6%5'63. C& W Ind5%s" Chile 63°60. .. Chile 6s'61... Chile 6s " Chile 7s 42 Chile Cop db 5 Chi Mtg Bk 6% '57 Cin Un Trm 5s 2020 CCC&St L 41%sE'TT Clev Term 4%s 77, Clev Term 5s B * Clev Ter Cologne 6 Colomb 65°61 Oc | Colo & Sou 4145 °35. Col Gas & E 55'61.. Com Inves 518" Cons C Md rt 5: Con G NY 4 Con Gas N Y Con G N 845, Con P Jap 6145 °50. Con Pow Jap 7s '44. Cuba RR 1s Cuba Nor 514842, Czecho 8s '52 Del&Hud ref 4s Denmark 4%s Denmark 5% s Denmark 6s’42. ... Denver Gas 55 '51.. Humarn b D&RG W b5 D&RG W b5 Det Ed 4%s D"61. Det Edison rf 5549, Det Edison 5s’52.. Donner Stl 7s*42 Duquesned DEI5%s’53 Mar. Dutch East 1 6s'47. Dutch East I 6s'62. Eriecv4s A'53. Erie gen 45’96 Erie ref 5s ' Erferef 5s N BTN TP { Finland 6s°45..... Rub 85’41 Coast 58 French Gv 7s 49 French Gv 734s'41. Gelsenk'hen 6334, Gen Baking § Gen Cable 55 '47. Gen Th Eq 5s "40 Ger Cent Bk 6s'38. Ger Cen Bk 6560 J Ger Cen Bk 65 '60 O Ger Cen Bk 7s'50. . Ger Gen Elec 6s'48. Ger Gov 515 '65. ..224 German Rep 75 '49. 53 Goodrich 65 "45. 2 German 61 '50 Goodyr Rub 55’6 Grand Trunk 6s" Grand Trunk 7s'40. 16 Gt Brit&Ir 5%s'37 195 GrtNor 4%sE'77. 1 grt Nor5%sB'52. 9 rt Nor gn 7s'36.. 24 Hudson Coal 5s°62. Hud & M adj 5s'57. 81 Hud & Mrf5s'57.. 8 Humble Ofl 65'37.. 15 Hungary T%s’41.. 1 111 Bell Tell 55 '56. . 19 7 108 ,AiCentcltrdas 53. 3 48 48 48 K 2:88. 52% 33% 4510 100% T0% 0 53 16% 59% 54u 15 4% 30 14 26% 22% 241 94y 89 20, Inland St 438 A'78 |1 Inland St4%sB'81. 1 Int Rap Trrf 5s'66 158 '32 11 aj Int Hydro El Int Pap 6s°55. . IntT&T 4%s'39.. IntT&T 4%s'62.. IntT&T5s'55.... Italy 78 '51 1 Italy Pub Japanese 53%s'65. . Japanese 618 '54. . Jugosl Bnk 7s '67.. Kan CF S&M 45'36 Kan C P&L 4%s’61 Kan City Sou 38’50, Kan City Sou 5s'50. Kan City Ter 4s'60. Kan G&E 41;s°80., Karstadt 6s°43.... Laclede Gas 55 3{ Laclede 538 C '53. Laclede 5%s D '60. Lautaro Nit 6s '54.. Leh Val cn 48 2003, Leh Vcn 4%s 2003, Lig & Myers 5s'51., Loew’s 63’41 Long Islrf 45’49, Lorillard 5s ’51. Lorillard 7s 44 La & Ark 55 '69 A% 59% 15 49 9% 55% 50 90 62% 60 3% 32 % 334 107% 62 89% 1% 109 204, P 5 01% L &N 43%sC 2003.. 3 68 L&NG5sB2003.... 75 McKes & R 5% 5'50. 12 Manhat Ry cn 4890 28 Market St 7s A *40. Marseille 6s * E Midvale Stl 55°36. . Milan 6%s - Mil E Ry&L 55 '61. MSP&SSM 5s gt'38 MSP&SSM 5155 '78 MK&T 1st4s 25% 31% 634 101% 85 % Mo Pac gn 45°75 Mo Pac 5s F '77. Mo Pac 55 G '78. Mo Pac 5s H '80. Mo Pac 5s 1°81 oa » Montevideo 6s Montevideo 7s NYCent31%s'97., N Y Cent db 4534, NYCrf41s2013, NYCrf4%s2013n NYCrf5s2013 N Y Centdb és NYC&StL 1st 4 NYC&StL 432 @ = o NYEdrf6%s 41, N Y EL H&P 4549, NY EL H&P 58 '48. Y NH&H 31 Y NH&H 4s Y NH&H 414567, NY O&W gn 4355, NY O&W rf 4s'92., N 574 3312 1 963, 10: - > 515863 Nor Ger Litd 65747, Nor Pac 459 - o v 556 Norway 515 6. Norway 6s 4 Norway 6s 44, Norway 6s Ore Sh L 5 Oreg-Wash 45 '61. . Orient Dev 63’53 Owens 111 G1 5s°39. Pac G&E 5s "42 . Pac T&T 1st 5537, Pan Am Pet 6s " Paramount 6s " Param-Pub § - » » e I e R s Y e Gt S e R T S R e e e I R SR e Penngn 4% Penn 4%s D 3 Penn gen 55’68 Penn 614536 Penn P&L 4%s Pere Marq 44 Pere M 16t 55 '56. .. Peru 6560, Peru 65 '61. Phila Co 556 Phila Elec 4s°71... Phila & Read 65 '49 Phillip Pet 5% 539 Pilisb F M 65°43. .. PCC&StL5sA‘T0 PCC&StL 58 B'75. Poland 6s *40 Poland 78 '47 Poland 8s '50 Port Gn El1 4%5°60. Porto Alegre 8 Pos Tel & C 58°53. Prussia 65 '52, Prussia 61s '51. .., Public Serv 4s°71.. Pub Sv G 4% '67 Pub Sv G 41487 Pure Oil 5%s 40 Read 4348 A '97.... Rem Arms 6s A '37. Rem R 5%sA'4Tww Rhinelbe U 78 '46. . Rhine West 6s 52, Rhine West 6s'53. . Rhine West 65 '55 Rhine West 75 '50. . Rich Oil Cal 68" 44. R Gr do Sul 6s°68.. Rio Gr W clt 4549, RIAr&L4%s'34. Rome 6%s'52..... 1 Royal Dutch 4s'45. Rumania 7s°59.... StL IM R&G 4s'33. St L&SF 4s A 50 StL&SF 41%s'78. StL SF 4%s'T St I»SW 1st 58°52.. StP&KCSL 41:8'41 Sao Paulo 7s 4 Saxon P W 6% Saxon 78 '45. . Seab A L adj 55'49. Serbs-Cr-S17s°62.. Serbs-Cr-S1 8s'62.. Shell U Oil 5847 - 65 57% 14 23% 48% 95% 00 100% 66 81% 58% 50 50 53 50% 501 22 12% 37 % | Shell U O 55 49w ! Shinyetsu 6%s Silesia Prov 7s '38. Sinc Ol 78 A "37... Sinc P L 5842, . Skelly Oil 51s°39. : Smith(A0)6%s'33. Solvay Am 55 '42. . Sou Bell T&T 55'41 Sou Pac col 4849 Sou Pac rf 4s . Sou Pac 4%s"68. .. Sou P 41569 ww. Sou Pac 4%s'8 Sou P&OT 414 sA'T7 Sou Ry £n 48A'56. . Sou Ry bs '04 . Sou Ry, #n 6s 5| Sou Ry 6%8'66. ... 1 SW Bell T 58 A '54. StOIINJ58'46. .. StOIIN Y 4%s'51. Studebaker 63 '42. . Sweden 53¢ Swiss 5148 Tex Corp ev 58 "44. | Tex & Pac 53 B'17. Tex & P58C'79... |New York Cottonl Special Dispateh to The Btar. NEW YORK, March 22—Opening cotton prices here today were 6 to 11 points higher, despite the easier tone in Liverpool, Initial quotations were; March, 6.25 up 11; May, 6.29 up 11; July, 642 up 7; October, 6.62 up 7; December 6.78 up 6, and January, 6.86 up 9. e PHILIPPINES INCREASE PURCHASES FROM U. S. By the Assoclated Press. Despite a decline in the trade of American farm e?xl ment from $57.- 403,139 in 1931 to $10,548,296 in 1932, several markets showed increased pur- ‘chases, as the trend was noted by the Commerce Department. ‘Two Near-Eastern markets, Palestine and Iraq, chased American imple- ments to the amount of $197,312 and $211,698 respectively in 1932, compared with “fl,’a} t;:dph‘s’fl”i in 1931‘55 S Exports ippine Islan recorded a gain, with shipments valued at $559,371 compared with $333,524 in 1931. Morocce also showed a slight gain, purchases amounting to $527,961, against $513,641 in 1931. " Tractor and harvesting machinery made up the bulk of the shipments to these countries. e NEW TIRE PRICE CUTS ORDERED BY SEIBERLING By the Associated Press. AKRON, Ohio, March 22.—The Seib- erling Rubber Co. has announced tire cuts of 21 to 10 per cent. The Seiber- {ling move follows cuts announced last | month by Firestone Tire & Rubber Co. and the mail order houses. | { At that time other rubber companies | moved to meet the slash by discounts |and rebates to dealers instead of by issuing revised price lists. Seiberling’s is the first new-price list appearing since the Firestone cut. | ‘The Akron Beacon Journal said that | cuts to be announced by other manu- facturers may run as high as 15 per| cent or over. It quoted no authority for the prediction. ARUNDEL CORPORATION DIVIDEND IS DECLARED | Special Dispatch to The Star. ¢ BALTIMORE, March 22 —The board of directors of the Arundel Corporation. which contrcls the Columbia Sand & Gravel Co. of Washington, yesterday | declared the regular quarterly dividend | of 50 cents a share on the capital stock, | orat therate of $2 per annum. This is | the same rate as was in effect late last | year. The dividend is payable April 1| to holders of record on March 24. | Although the ccmpany did not cover | its dividend requirements in January | and February and payments will be| made from surplus, March operations | showed a decided improvement, officials stated. With the opening of Spring the company will expand its operation very | considerably. CHICAGO LIVE STOCK MARKET CHICAGO, March 22 () (United| tates Department of Agriculture).—| | Hogs—Receipts, 201000 head, including 16,000 direct; mostly 10c lower than * yesterday's average, or 15c-20c under | lower, | best time: packing sows. 10c-15c o ,bulk, 170-250 pounds, 4.00a4.10; top, | |4.15; 260-340 pounds, 3.80a4.00; bulk| packing sows, 3.40a355; light light,| good and choice, 140-160 pounds, 3.75a | .00; light weight, 160-200 pounds, 3.90 | 4:15; medium weight, 200-250 pounds. | 400a4.15; heavy weight, 250-350| pounds. 3.8024.05; packing sows, me- | dium and good. 275-550 pounds, 3.25a 3.65: pigs, good and choice, 100-130 | pounds, 3.25a3.75. Cattle—Receipts, 7,500 head; calves, | 1500 head; common and medium | grade light steers and yearlings fully | steady: all others weak to 25¢ lower;l medium weight and weighty bullocks showing most decline; weighty steers| predominating in run; early top. long { yearlings, 6.75; some held around 7.00; best heavy bullocks, 5.85; several loads, 4.50a5.00; fairly active trade on all she stock, bulls and vealers; slaughter cattle | and vealers; steers, good and choice, | 550-900 pounds. 6.00a7.50: 900-1,100 | pounds, 6.00a7.50; 1,100-1.300 pounds, | 5.25a7.25; 1,300-1,500 pounds, 4.5026.50; | common and medium, 550-1,300 pounds, | 4.00a5.75. | Heifers. good and choice, 550-750 pounds, 5.00a6.25; common and medi um. 4.00a5.00; cows, gocd, 3.00a3.50; | common and medium, 2.40a3.00: lo cutter and cutter, 1.7522.50; bulls (vear- lings excluded), good (beef), 2.60a3.25; cutter, common and medium, 2.40a3.00; | vealers, good and chsice, 5.00a6.50; me- dium, 4.00a5.00; cull and common, 3.00a 4.00; stocker and feeder cattle: Steers, good and choice, 500-1.050 pounds, 4.50a 6.00; common and medium, 2.75a4.51 Sheep, 10,000; slow, steady with yes- terday's close to small killers; good to choice native lambs, scaling 75-96 pounds, 5.50a6.00; holding best fed | Westerns around 6.25; lambs, 90 pounds down, good and choice, 5.5026.15; com- mon © and medium, 4.00a5.65; 90-98 pounds, good and choice, 5.35a6.00; 98. 110 pounds, good and choice, 5.00a5.75; ewes, 90-150 pounds, good and choice, 2.00a3.00; all weights, common and me- dium, 1.25a2.50. POTATO MARKET. CHICAGO, March 22 () (U. §. De- | partment of Agriculiure) —Potatoes— | Receipts, 95 cars; on track, 255: total i 0. sfl shlxamtem;in!ml: market firm; de- ‘mand and trading improving, supplies liberal; Wisconsin rou:d whgbcs, gzp’ ~: §17%; Idaho Russets, 120a1.25; Colorado McClures, 140; South Dakota Early Ohios, 75880; Minnesota Early Ohios, 80a85; Michigan Russet Rurals, 75. = To develop its foreign fruit trade, In< Il establish fruit-research cen- ters in districts where products dis- tinctively Indian are grown. l— Sales. | Third Avrf4s'60.. 3 3 " Third Av 18t 55’3 Third Av adj 58'60. Tob P NJ 6%s 2022 ‘Toho El Pw 7s'55.. Tokio 52 Tokio 5%5'6 Toklo EI Lt 65 '53. . Un EIL&P ref 5533 Union El L&P 55’57 Un Pac 1st 45°47.. Un Pac rf 4s 2008. . Un P 1strf 55 2008, Unit Drug 55 '53... U S Rubber 55 '47. . Un St W 61ks A'47. Un St W 6%s A'51. UnStW6%sC5 Uruguay 6s'64 UtahP &L 5s'44.. Util Pw 5s 2 Util Pow § Vanadium St 55'41. Vienna 65°52...... Va Ry & Pw &8 Va SW 1st cn 55'38. Wabash 1st 55°39. . Wabash 2d 55 '39 Wabash 55 B '76. Wabash 5s D Wabash 53575, Walworth 65'A '45. Warn Br Pic 65°39. Warn Quin 6539 | Warner Sug 7s '41. Warren Bros 6s'41. Warsaw 75 '58. ... . West Sh 1st 45 2361 West El db 5s "44 West Md 1st 4552, West Md 51577 B - West Pac 5s A 46, ‘West Union §s '51. ‘West Union 5s'60. West Un 61s°36. . Westphalia 6s'53. . ‘Wis Cent Tm 45'36. YeEstn S&T 55 A'78. Ygstn S&T 58 B'70. e @ 9o mRPOANRHERERNNSaB e~ anan wBwa TOHGHER LEVELS Market Trend Reversed When Renewed Selling Fails to Increase Offerings. BY JOHN A. CRONE. Bpecial Dispatch to The Star. NEW YORK, March 22—After two hours of slow but steady recession to- day the Curb Exchange rallied. Failure of the decline to bring out offerings caused the reversal of trends. Electric Bond & Bhare yielded almost & point before turning about, Cities Tvice was steady. Standard Ol Indiana moved narrowly. Standard Oil of Nebraska touched a new low for the year. Niagara-Hudson Power was & trifie lower. ‘Trade developments were partly re- sponsible for the reactionary tone of the market in the forenoon. Along with a severe decline in dej t store sales in this territory during the first half of March, a reflection of the banking holiday, were such unfavorable developments as a decline in steel op- erations, a decrease in electrical con- sum| and a rise in gasoline stocks. The oils held well, in view of the ad- verse news about gasoline inventories and the fallure of California operators to agree on a 15-day holiday. This was not true, however, of the pipe lines. Eu- reka, for instance, sold off more than a point on a few trades. Natural Gas shares also sold down rather easily. Snapping out of the lethargy that characterized the group during the first two hours, gold mines shares spurted in the early afternoon, with Lake Shore mines leading the list. Food issues, how- ever did not reverse their early trend so abruptly. Great Atlantic & Pacific Tea declined 4 points in the first several Parke-Davis was somewhat firmer. Expectations of better business in aluminum manufacturing circles at- tracted attention to Aluminum Co. of America common. New Jersey Zinc moved within a Tange of 1% points. Strongest of the senior power and light shares during this stage of the session was Utilities, Power & Light 7 per cent preferred, up more than 2 points, e S e CHICAGO DAIRY MARKET. - CHICAGO, March 22 (#).—Butter— Receipts, 6,172 tubs; market steady, prices unchanged. Eggs—Receipts, 18,- 279 cases; market steady; extra firsts, 13Y; fresh graded firsts, 13; current re- ceipts, 1115, Grain Market By the Associated Press. CHICAGO, March 22.—Downturns in | grain values early today accompanied unsettlement of securities. Continued disturbing effects of proposed agricul- ! tural legislation were also apparent,!| traders said. Opening unchanged to 3;-1; off, wheat afterward underwent a general setback. Corn started unchanged to 2 | and subsequently sagged all around. On the new breaks in wheat prices, the wheat market showed losses of 72 per cent of all gains scored since resumption of business after the bank holiday pe- riod. Thy losses totaled more than 51, cents w bushel. Dearth of buying, rather than pressure to sell, character- ized wheat trade. Possibilities of moisture in drought areas of domestic Winter wheat terri- tory Southwest were a handicap to friends of higher prices. Something of an offset was a statement by a leading crop authority that damage to Winter wheat in the Southwest would by no means be confined to acreage abandon- ed. He said much wheat in addition | was suffering both from shortage of soil | moisture and from aftermath of frosts, | and would show damage at heading-out time. Corn and oats weakened' with wheat. Provisions were responsive to declines in hog values and in grain. Bo\DS ON THE CURB 2 Amer P & L 6 1Am Roll’ Mill 1 Appelch Gas 6s 4 2 Appalch Gas s B 1% 1% 104 ° 104 104 35 10013 10012 1001 4415 44 44 @ 62 %2 | capital distribution of 50 cents a share | AEmp O & - Fisk Rub 5l 2 Florida P&L 58 % Gatincan B 3 Gen Wi wiue 12 Koppr G&C 5 # Libby McN & L Diw, o 1 15 10215 10213 102 45 45 4 4R, 70 100 0 A R9% R0 50 10014 100% 10014 | 752 3015 a91a 201 883 683 81% 53 40% 53 41y 19 S BRI ESE S FEEFES SEFEFFES L Eesnsasa sy = = G 2 Russfa 21 1Stinpes 7s '46 xw.. ww—With warrants. x¥-Without warranta, Wi-When issued. S.82052I8200828 - ommins SLT205e & & » & " operate the stock ticker projection Stock and Bale— Dividend Rate. Add 09. High, AlrInvevpfi..... 6 Allled Int Inv c pf 3% Allled Mills....... 3 % Aluminum of Amer 5008 45% Alum Co Am pf(3). 5 48% Am AustinCar.... 1 % Am Beverage 3% Am Capital B. Am Cit P&L A(a3). Am City P&L B 15c. Am Cynamid (B).. Low. Close. 6 6 Am Founders. Am Gas & El (31 Am Gas & E pf ( Am Superpower-. . .. Am Superpower pf. Am Super 1st pf Ark Nat Gas (A) Asso Gas&Elec (A) Atlas Utilities. ... Atlas Utilities war. Babeock & Wil(1). Blue Ridge ¢ pf a3.. Bridgeport Mach. . BrillA. e Brillo Mfg (60c) Cable&Wire A rets. Cable & Wire B rcta Cab & W pf k6 1-5¢. Canadian Marconi., Carman & Co (A).. Cent&So'west Utll. Cent States Elec. .. Chesebrough t6%. 50s Cities Service..... 81 Citles Service pf Clev El llum (1.20). 1 22% Clev El Illu pt (6). 20s 105% Col G & E cv pf(5).2008 76% Comwith & Sou wr. 5 Cons Gas Balt 3.60. Con Gas Utility (A} Cooper Bessemer. . Copeland Prod Inc. Cord Corp (10¢)... Cosden & Co c.od.. Creole Petroleum. . Cresson Consol(4c) Crocker Wheeler. . Crown Cork Intl A, Cusi Mexicana Min, Deere & Co - Derby Oil & Refin. , Dictograph Prod. .. East G&F As (60c). E1Bd & Share b6 %. El Bd & Share pf 6. El Pwr Assoc(40c) El Power Asso A Elec P & L op war. Elac Shareholding. EmpireG&F 1%.. Eureka Pipe L (4). 508 Europ EI Ltd A 30c 3 Europ Elecdebrts. 4 Flintkote (A). Ford Motor Ltd. General Alloys. . General Aviation. . Globe Underw kise Gold Seal El new. . Goldman Sachs. ... Grt A&P T n-v(17). 3 Gulf Oil of Pa. . Happiness Candy.. Hecla Mining. ... Hollinger Gid t80c Humble Oil (2).... Iygrade Sylv (2).. InsCoN Am (2)... Int Petrol (1)..... Int Uil B. > Interstate Eq ov pf. Italian Superpw A. Ital Superpw db rts Kerr Lake. Kleinert - Kress SH sp pf 60c Lake Shore M (2).. Lehigh Coal&N 40c Lone Star G bédc. . Long ILemptB 6 255 Mass Util Asso. Mavis Bottling A. . Memphis Nat Gas. . CORPORATION REPORTS TRENDS AND PROSPECTS OF LEADING ORGANIZATIONS. ANHANAD DH-AD 121 - -Jor WO e DD el mmn Spesa 3 NEW YORK, March 22.—Following is today’s summary of corporation news | prepared by Standard Statistics Cu.,l Inc, New York, for the Associated | Press’ Automobiles and Trucks. Stucebaker Corporation. — Federal Court ordered that Rockne Motors be suit against company and that receiver- | ship be extended to Rockne Motors; &/ Protective Committee has been organ- ized for holders of 6 per cent notes of | company; it was stated deposits of notes | would b2 requested soon under a de- posit agreement now in course of pre- paration. Household Products. Kelvinator Corporation reduced prices i of electric refrigerators ranging from $17 to $67.50. Investment Trusts. Graymur Corporation announced on no par shares on presentation of certificates for exchange into sacurities ! of Tri-Continental Corporation, Which acquired control of the Graymur i January. Machinery. National Rubber Machinery Co. 1932 deficit $210.949 vs. net income $37,839. Pitisburgh Screw & Bolt Corporation 1932 deficit $805,570 vs. deficit $516,846. | Miscellaneous. Anchor Cap Corporation 1932 com- mon share garnings 74 cents vs. $2.54. Denver Union Stock Yards Co., de- clared a dividend of 50 cents on com- mon stock; previously 75 cents paid quarterly. > i Mengal Co, received an order for 100,000 beer ' cases from Anheuser- Busch Co.;"latter also has an option for an additional 100,000 cases. . Trans-Lux Daylight Picture Screen Corporation.—A group of stockholders of company have asked for proxies in support of a plan to merge company | with ~News Projection _Corporation | and terminate litigation between the two companies over their rights to machines. United Dyewood Corporation declared regular quarterly dividend of $1.7 preferred. stock, Lo Railroad & Railroad Equipment. Pennsylvania Railroad—In conjunc- tion with Railway Express Agency Co., has extended door service for freight to points in New Jersey, Pennsylvania, Delaware, Maryland and Virginia. Union Pacific Railroad. —February net operating deficit $79,498 vs. net operat- ing income of $822,595: 2 months net operating income $97,203 vs. $1,419,544. Retail Trade. l Grant (W. T.) Co., opened 42 new stores during 1932 representing a capitalized investment of $1849,857; stated expansion would be continued on a conservative basis during 1933. Kinney (G. R.) Co., Inc —1932 d: $590.004, v-. @~7nf I e P , 64,207,152, vs. deficit $631,430. Theaters, Ete. Gold Picty Corporat s,-m'm m“:: shares uf%‘: n on 15 at $27 & share vidends. 2 Steel' Prices Firm. s it a eouoaioe e iron and steel are lmchln:ofic:: a ‘gross~tcn and 1.923 cents a i i i 28 Py 13. - FINANCIAL CURB ISSUES POINT | [ N. Y. CURB MARKET | ANNUITY Stock and Sale— Dividend Rate. Add Nat Bella Hess.... 5 Nat Dairy pf A (7). 258 81 Nat Fuel Gas (1),.. 2 11% Nat Investors. g, 3138 Nat Screen Serv. Nat Sugar NJ (2). New Bradford Ofl. 81 1% 1% Niag Hudson P (1) Niag Hud Pw C wr. Niag Sha(Md)B 20¢ Northern P L(50c). Ohio Copper....... ac GRE1stpf 1%. 3 24% Pan Am Airways... f1[26% Paramount Motors. 1 4 Parke Davis (1)... 7 15% Parker Rust P 2%, 758 27 Penroad Corp...... 1% Penn Wat&P (3).. 1 50% Pepperell Mfg Co.. 208 27% Ploneer Gold 24c. 5 4% Potrero Sugar. « 1 % Premier Gold (12¢) % Prudential Invest. . 4% PubUtlHdxw.. 6 3% §i | Puget Sd P&LS5 pf 40s 18 Puget Sd P&L $6 pt 108 11% R R Shares Corp... 1 Railway & Lt Sec..200s Rhode Isl P Sv pf 2 Roan Antelope..... Rossia Intl. Royal Type: St Regis Paper. . Salt Creek Consol., Seaboard Utilities. Seiberling Rubber. Selected Industries Shattuck Den Min. henandoah Corp. . Sherwin-V Singer Mz Co (6). Southland Roy 20c. h) T 1.21 8% R D Stand Oil of Ky (1). Stand Oil Neb (1).. tutz Motor Car. ift & Co. Swift Internat’l(2). Tastyeast Inc (A). Technicolor....... Tech Hughes (§0c) Trans Air Trans. .. Trans Lux DL P §. Utd Corp war. Utd Dry Dock. United Gas United Gas pf. . United L& P (A). United Lt & Pwr pf Utd Shoe Mch 2%3. .1 US Elec Pwr ww US& Intl Sec.... Unit Verde Ext 40¢ Utah P&L 7% cu pf Utllity Equitfes. .. Util P & Lt. Util Wenden Copper West Air E: Williams (R ) Wodlwo; Ltd (p: 3 Wright Harg g 3% 3 nuarterly or semi-annual dividend. gl 1Partly extra. :Plus 4% aPayable in cash or stock. stock. e Adfustment dividend. in stock. gPlus 6% in stock. in stock. ¥Plus 2% in stock. n tock. mPlus 3% in stock. n Plus & in stock. Paid last year—no regular _— Market Averages By the Assqclated Press. STOCKS. 50 20 =20 (Copyright, 1933. Stand. Statistics Co.) 00. High. Low. Close. t 1% Dividend rates in doliars based on last n stock. h bPayable in || Deposits in ban) 1Plus 5% hPlus 1% kPus 100 || N PROVIDES NCREASED .. QUPREME NCOME ™™ JECURITY BOOKLET MAILED ON REQUEST LEROY GOFF 1036 Woodward Blds. NAt._0310 STATEMENT OF THE COND ITION American Union Insurance Co. of New York, New York, N. Y. | Saritugin 2,00 Preember, W 4o for the District of Columblia. INCOME. Net premiums Total interest a Other income Total income DISBURSEMENTS. Nzt amount paid policy- bolders for losses. .. Al other disbursements. Real estate . Bonds _and stocks Deposits in banks Agents’ balances . Intercst and ren ed” .. acerus All other a: Gross assets Deduct assets not admitt Total admitted assets .. . LIABILITIES. Net unpaid claims. ... Total unearned pre: Other liabilities $34.313.00 444.960.30 and_cyclo Sprinkler | Riet. "civit | tion. and explosion | Al other 7 1 $3.397.17 J_H. McCORMICK. Vice President. by dty FILLS, Secretary” : ubscHoed and tworn th 150 day of Februare. 19ga c ore me this (Beal) WALTER F. ELMER Notary Public. STATEMENT OF ;;l'iEE CONDITION Penn Mutual Life Insurance Company of Philadelphia, Pa., On the 31st day of December, 1932. as required under Section 647 of the Code of Law for the District of Columbia. 3 INCOME. Kew premiums gl Renewal premiums Total premium ome, Premiem Total interest and rents and dividends Other income . ‘Total income . DISBURSEMENTS policy h Al cther cisbursements Total disbursements ASSETS, Real estate .. Morteage loans on real ana’ pre- ks Total interest and rents due and accrued t amount of and " d incol pre : Al other assets. Gross assets ... Deduct asse's not ad- mitted . Total admitted ITIE: required _ y S Other policy’ Tezerves Total policy claims Dividends to policy- helders due or de- clared Other liabtiities Total Amount SYDNEY A. SMITH. ribed " and ~swo: ce Presid Secretars. 1o, before me JANNEY BROWN. neral Agent dwar d A General 2 THE PENN MUTUAL LIFE Shoreham Bidg., Washingt s ——— e = R Organized 189 Equitable Co-Operative Bldg. Ass’n JOHN JOY EDSON, President Assets. . Subscriptions for the 104th JOIN THE AND SAVE SYSTEMATICALLY Always Remember— it is not what you earn, but what you Save That Counts. 915 F St. NW filIIIIllIIIlIIIIIIIIII!IlllIIIII!IIIII|llflIlIIIIIII|III|IIIIlIIIIIIHIIIlIllIIIIIIIIIII!IIII|IIIf!ll||I!IlIlIIIiN!I|IIIIIIIIIIIlIII"llIlIIlIlH Th 53rd YEAR COMPLETED WALTER S. PRATT, Jr., Secretary Issue of Stock Being Received EQUITABLE The Equitable’s Plan of systematic saving has taught Thousands how to save and accomplish best Results. Join To- day. § Our Trust Service e complete equip- ment of our Trust De- partment andthe careful, personal attention given by our Officers to all matters entrusted to our care assure to those re- quiring trust facilities a character of service ex- United States Government: Supervision actly adapted to their individual requirements. Consultations cordially Southwest Corner Fifteenth and H- Streets Northwest WASHINGTON, D.C. ~