Evening Star Newspaper, March 23, 1933, Page 15

iN SHARP ADVANCE Other Carrier Issues and U. S. Treasury Group Also Show Gains. BY CHARLES F. SPEARE. Special Dispatch to The Star, NEW YORK, March 23.—A sharp Tecovery occurred today in junior rail- road bonds, which moved up an average of 2 points in the early trading. At the same time there was some improve- ment in higher-grade carrier issues. United States Treasury loans added moderately to the advances in previous sessions. The feature of the foreign department was the unusual strength in Argentine government loans. The rise in the low-grade railroad bonds was complementary to the strength in railroad stocks and reflected the gossip concerning the administra- tion’s plans for improving the trans- portation situation. It is recognized that this cannot avcid a_ drastic re- capitalization of a number of the weaker lines, whose securities are today selling on a receivership price basis. Advantage will be taken of the recently enacted bankruptcy law to effect a revision of bonded debt. Active steps in this direction are promised in the next 30 days. The _strongest members of the Junior railroad group were Missouri Pacific Refunding 5s, Southern Pacific 415s, New York Central Refunding 5s, Baltimore & Ohio 4!2s and 6s, Chi- cago & Northwestern 43s, Erie Refund- ing 5s and Great Northern General Ts, the latter rising nearly 4 points. There was a moderate gain at the same time in high-grade railroad mortgages. Aagin the Interborough Rapid Transit issues were conspicuous for their strength on the revival of talk of a unification scheme. Amusement bonds were heavy. A number of the lower grade public uti(lities rallled, with a rise in American & Foreign Power 55 of 1'; points. The oil refin- ing and producing company bonds were steadier, Texas Co. 55 gunlm: - point. Dodge 6s also advanced a poin The strength in the mlne gov- ernment loans was notable. The 6 per cent issues advanced 2 to 3 points. Some of them for the first time since the early part of this year touched 50, a 10-point recovery from the low. French and British bonds as well as Canadians were heavy. The German list was irregular. 1In the United States Government loan department there were advances of Y to %, with the greatest gains in the distant maturities. There is no definite plan yet under consideration for meet- ing the short-term issues due this year, although rumors have been heard the last few days of the possibility of a large issue of 9 and 12 months’ notes to cover the immediate Treasury re- quirements. - LIFTING OF BAN ON GOLD EXPORTS EPECTED SOON By the Associated Press. It is believed in Washington that the embargo on gold exports will be lifted shortly, but with some limitation set on the amount an individual or corpo- ration may ship out. Under the President's procl&mnuon. no person or institution shall export or otherwise remove or permit to be withdrawn from the United States or its possessions any gold &oin, bullion or certificates, except in accordance with regulations prescribed by or under license issued by the Secretary of the Treasury. In some quarters it is stated such an embargo is unnessary, due to the normal trade balance enjoyed by the United States which should re-establish the foreign exchange value of the American dollar and attract gold to these shores. U. . STEEL CORPORATION TO CUT WORKING TIME By the Associated Press. NEW YORK, March 23.—United States Steel Corporation and its sub- sidiaries plan to reduce working time of salaried employes by 10 per cent on April 1, thus cutting salary cost by that emount, it was learned today. Wage earners in mills and_manufac- turing plants will not be affected. —_— Bank of France Statement. PARIS, March 23 (#).—The weekly statement of the Bank of France shows the following changes in francs: Gold decreased 35,000,000, sight balances abroad decreased 57,000,000, bills dis- counted at home increased 100,000,000, bills bought abroad increased 54,000,- 2000, advances decreased 48,000,000, cir- culation decreased 681,000,000, current mccounts increased 535,000,000. Rate of discount, 212> per cent. i s Nl A Pennroad Corporation. PHILADELPHIA, March 23 (#).—The Pennroad Corporation, in its annual ' statement to stockholders, shows that the net income for 1932 was 5793 897 «a decrease of $3,701,148 compared wif ithat of 1931. ! The statement says that “any lm- ‘provement in general business will be ‘reflected in increased earnings of the companies in which it has stock hold- ings, although the prospect of increased dividend receipts is not encouraging for the near future.” GRAIN EXPORTS GAIN. By the Associated Press. Grain exports last week from the United States amounted to 441,000 bushels, against 314,000 bushels the previous week and 890,000 bushels dur- ing the correspnndlng week of last year. UNITED STATES. (Bales are in $1.000.) Low. 2:55. Llh 314s32-47... 101 100 25 100 25 Lib 1st43( s 82-47. 10119 10111 10111 Lib 4th 4% 33-38 10114 10110 10112 U S 3s51-55 9714 974 974 US3s46-49 9824 9815 9817 US3%sM41-43. 10020 1009 1009 US3%sJ40-43.. 100!‘ 100 14 100 14 US3%s43-47... 10018 1007 1007 1031 102 25 10225 104 26 104 16 10421 107 24 10718 10718 Bales. High. Low. 2:55. 10 82 81 8 US4%s47-52 Ab& St 5% " Adams Exp Alleghany 68’44, Alleghany 5s°49 Alleghany 58 °'50. .. Allis-Chalm §s '37. Am F P 55 2030. AmIGChb%ss. Am Metal 515534, Am T&T 5%s" Am Wat Wks 55’ 34, Am W W &E 6575 Am Wr Pap 6s Argentine 514562, Argent 65°61 May. Argentine 6s'59 Ju Argentine 65 '59 Oc Argentine 6s A '57. Argentine 6s B '58. Arm Del 5%s'43. .. Atchison gn 4s°'95 Atchison 43%s'48.. Atchis 45 1905-55. . AtICL1st4s’52... Atl1C L col 4s'52. . AtICLun4%s'64. Atl Ref ab 5537 Australia 4148°56. Australia 5 '55. Australia 585’ Austrian 7s 43, Austrian 7s '57. B&O 1st4s'48. - - PPN T - won aneS R B&Ort5s D 2000.. 16 B&OTL65C"95.... 24 B&OPEWV4s'dl. 6 B&OSwdv5s's0., 3 Ban & Aroos 4s'51.. 1 Batav Pet 4348°42. 22 Belgium 6s *55..... 20 Belgium 6348’49 T Belgium 7s 55 Belgium 75’56 [} Bell Tel Pa 5s B'48. Bell Tel Pa 53 C'60 Benef Loan 65 '46. Berlin Cy El 65" Berlin 6%s ' Berlin CEl 6% Berlin C El 6335'59 Beth Stlrf 5s . Bolivia 7s'58. Bolivia 8s '4 Bos & Me 5s Bos & Me 55 °6 Brazil 648 '26. Brazil 6138 '27-'5 BrazilCR 7s'52 Brazil 8s'41. ., Bremen 7s'35. Bkiyn Ed 55 A *49. Bklyn Elev 6}4s... Bklyn Man 6s A '68 Bklyn Un Gas 5550 Bklyn UnGas 55'57. Budapest 6s '62. Buenos A R 6s 6! BR& Pitts 435 '57 Bush Ter cgn 5s'55. Bush T BId®5s'60.. Calif Packing 58’40 Canada 45°60. Canada 415 '36. Canada 58 '52. Can Nat Ry 4% Can Nat Ry 4158'54 2 Can Nat Ry 414556 Can Nat Ry 43%8'57, Can Nat Ry 41463 = [T SRR -TR ST ST 1Y > - NR e peaacoaSwn Can Nat Ry 4%8'55 Can Nat 5569 July n Nat 55 '69 Oct., 'an Nor 438 '35 Can Nor db 6% 546 Can Nor deb 7s '40. Can Pac deb ds. ... Can Pac 4%s°60. ... Can Pac5s’54.... Cent Ill E&G 58 51, Cent Pac 18t 45 °49. Cent Pac 58 60. . Cen Ry NJ gn 58’87 Cert-tddb sk s 43. M NS a e 258 - CB&Qgnis '5! CB&Q I 3%s'49., Chi & Est 111 58'51., Chi Grt West 45’59, Chi Ind&L gn 55'66. Chi Ind&L gn C M & StP gn 4s'89. Chi M & StP 4%s c Chi M&StP 4% E., C M StP&P 5875, . CM&StP ad 55 2000 C M&StP 4% '89. Chi & NW gn dl'!'l Chi&NW 4152037, Chi&NW 41,5C'37,. 23 Chi & NW 4% 549,104 Chi & NW 61%s°'36.. 1 Chi RI&P rf 4s°34 ChiRI&P 4%s'5: - OGNSR W~ HoEee ~omSS o - ©S Chi Un Sta 55 B'63. Chi Un Sta 6%s'63.. C & W Ind cn 4s'52, C& W Ind5%s’62,. Chile 63'60. Chile 6s'61. Chile 6s'61 Jan. Chile 6s°61 Sept Chile 7s'42. Chile Cop db 5 Chile Mtg Bk 6 7" Clev Term 5s B '73. Cologne 6%s °50. .. Colomb 6s 61 Jan. Colomb 6 Oc! Washington Stock Exchange SALES. Washington Gas 5s 1960—$500 at 103. After Call. Potomac Electric 5%s ptd—1 at 106, Bid and Asked Prices. BONDS. PUBLIC UTILITY. - Asked. Bi Tel, & Tel. 4%s '30... 10 . A o . . 103% . ARicostia & Pot. . R. b Anacostia & Pot. Guar. C. & P. Tel. of Capital Traction K. City & Suburban 53, Georgetown Gas_ 1st '3 & Ross, Inc., 043 Cht C‘l Club 5las "’ sty Chib Amer. Tel. & Tel. (9) Capitol Traction Co W Co. Wash. Rw; ek Bu £ Eec Sie ). 'MISCELLANEOUS. er. Bromo-Selz. "A" (2).. ‘5% dividend, ks _closed. Con P Jap 6%s'50 Copenhag 4%s 53 Copenhag 5s '52. Cuba 53%s°45. . Cuba Nor 53%s '42. Czecho'88°'68...... Del Pw&Lt4% l'l’l D&RGW DtRGWSl“"-. DetEd 4%sD'61.. Det Edison rf ‘l’“ fore > ° msau»fiuoa=u=uu~ palnme - o oo =1} Finland 6%s 56, Fisk Rub 8s'41. French Gv 7 French Gv 7%s'41. Gelsenk'hen 65 ‘34. Gen P Sv EKI'" . 874 52 Hfli ll”( 1 80 54 o Ger Cen Bk 78 '50.. Ger Gen Elec 68’ GoodHopeS&I 78'4 Goodrich 6545 Goodyr Rub.5: Grand Trunk Gt Brit&Ir 5%s '37. GrtNor ¢%sE'1le ; % Sinc P L 58 42. 1% | Third Av adj 55’60, low. 2:88. 4% 49 53 54% 2% T2% 29% 31% “% A 102% 103 108 108 ¢ Grt Nor 5% s B '62 Grt Nor gn 7s'36. Halitl 6s'52. . Hudson Coal 5s'62. 10 Hud & M adj 58'67.. 7 Hud & Mrf5s'57.. 2 Humble Oil 53 ‘37 Tl Cent 4%, 111 CCStL&N 4% 111 CCStL&N 6s A 11l Steel db 4% s Inland St4%sA'78 1 Inland St 4% s B'81. 1 Int Rap Tr rf 5s '66212 IntRap Tr6s'32... 6 Int Rap Tr 7s'32. Int Cement 55 Int& G Naj 6 Int&GtN5sB Int Hydro El 65'44. Int Pap ref 55 A'47. Int Pap 6s°55 10 IntT&T4%s'39., 3 IntT&T 41s'52.. 27 Int T & T 5855 Italy 7s'51. Italy Pub 7552, Japanese 5%5'65 Japanese 6148 '54 Kan CF S&M 4 Kan City Sou 3s'50. Kan City Sou 5s'50. Kan City Ter 45'60. Karstadt 6s '43. Lack St15s A '50. Laclede 53%sC'53 Laclede 5%s D "60. Lake Shore 33597 Loew’s 6s°41. Long Isl rf 4s 864 86% 5% " 5% 8 78 26% 26% !l* 83 lol'& 101% L & N 58 B 2003 L&NTf5%82003. McKes & R 5348’50, Manhat Ry cn ¢s'90 Market St 7s A 40, Marseille 6s'34. . Mld\'nle St15s°36 { Milan 6%s '52 Mil E Ry&L 5 Mil E Ry&L b 71, MSP&SSM cn 45’38 26% 6315 101% i Mo Pac gn 45°75 Mo Pac rf 55 A "6 Mo Pac 68 F*77 Mo Pac 55 G 78 Mo Pac 55 H'80. Mo Pac5s1'8 Mo Pac 535 A 49 Mont Pow 68 "43. Montevideo 78 '52 Nassau Elec 45’5 Nat Dairy 5% s'48 Nat Steel 63°56. ... N Eng T 1st bs ‘52 Nw S Wales 5’57 Nw S Wales 5s'58. . N Y Cent 33897 N Y Cent 4s'98. NYCrf4%s2013. NYCrf4%s2013n NYCrf5s2013 N Y Cent b 6s " NYC&StL 4%s 78 NYC&StL5 %sA'T: N Y Edison 5s B'4. N Y Edison 5s C'5. NYEdrf6%s 41 3% 3% 74 65 o NY O&W rf 4s'92 NY Rys 63 A '65... N Y Steam 5s '56... N Y Tel gen 4%s'39 2! NY W&B 4%s'46. . Nia Sh Md 6%s'50. Nord 63%s°'50.. Nor & Wnen 4s North Am Co 5: 61., Nor Am E 5863, Nor Ger Ltd 6s°47. Nor Pac gn 35 2047, Nor Pac 48'97...., 2 Nor Pac b8 D 2047 .. Nor Pacr16s 2047, Nor St Pw 6s B '41.. Norway 5s 63 Norway 5%s'65. Norway 6: Norway 6s '52.. . e @ RorSal kB bRrnRuasSarnanwan o Ore Sh L 5s gtd "46, Oreg-Wash 4s'61 Orient Dev § Orient Dev Pac G&E 55 '42 Pac T&T 1st 5s'§7 Paramount 6s '47.. Param-Pub 5%s'50. Paris Or 534s'68 Penncn 4% Penn gn 4%s "6l Penn 4%s D70 Penn 4%s'63 Sormonala mo Penn gen 55’68 Penn 6%s'36. Penn P&L 4%s Pere Marq 43%s '80. Pere M 1st 555 Peru 65°'60. Peru 6s'61. Peru 7s'69. Phila Co 5s°67..... Phila Elec 4s'71... Phila & Read 65’49 Gooatornmmn - forey Phillip Pet 5% s '39 Pillsb F M 6s'43. .. PCC&StL 4%sC™ PCC&StL5sA'T0 Poland 6s'40. Poland 7s'47.... Poland 8s’50. Port Gn E1 4135 "6l e - =TT PRI TR Y 1O PNV Pos Tel & C 58’53 ia 65 52 Prussia 6%s " Public Serv 4 Pub Sv G 4%s'67.. Queensland 65°47.. Queensland 7s’41. Radlo-K-Or 68°41., Read 438 A"97 Rem Arms 65 A '37. Rem R 5% sA'4Tww Rhinelbe U 78 *46. . Rhine Rubr 6s°53. Rhine West Rhine West 0 8 46 95 » Rich Oil Cal 6s°44 Rio de Jan 6%s'53. RioDeJan ext 8s'46. R Grdo Sul 6s'68 R Grdo Sul 85°46.. Rio Gr W clt 4s'49., R]M&L‘%S'IL Rome 6348 '52. . Royal Dutch 48’45, StL IM R&G 4533, St L&SF 4s A '50. . BtL&SF4%s” StL SF 4%s'78ct st St L SW 1st 5s°52.. StP&KCSL 4%s'41 Sao Paulo 7s°40... Saxon P W 6%9'51. Saxon 7s°45.. Seab A L adj 55'49. Serbs-Cr-S1 8s°62. . Shell U Ofl 5s°47.. 8hell U O 58 "49ww. Shinyetsu 6%s 'S Silesia Prov 7s '58 Sinc Oil 6% s B '38 8 OHS ANUHROHAAGR AN NOM N BN - wonmng 58% 15 67 8w ! l‘l% D"A 961 96 96 101% 101% 101% 108 103 103 108% Ioz!i Gflfi 8inc O11 7s A '37 —mAau-et-—un Solssons 6s '36. Sou Bell T&T 1 NIbs'46 StOIINY 4 5 Studebaker Sweden 5% 5! Swiss 5%s 46 Taiwan E P 5%s'71 TlnnElPIlA'CT. iz Tob P NJ 638 2022 INVESTOR PLANNED New Legislation Would Pro- tect the Public Against Swindles. BY DR. MAX WINKLER{ Special Dispatch to The Star. NIW YORK, March 23— from Wi indicate nuz thm ernment to 't American ad Iurd‘lfin .tctc‘;:m& intimated that legislatfon will be patterned after that enacted in Great slrrilul:%‘n o companies’ berora the te Committee on Bank- ILAW 10 SAFEGUARD CURD SHARES GAI | IN FINAL TRADING| Market Closes Higher After Irregufar Day—Utilities and Oils Rise. BY JOHN A. CRONE. Special Dispatch to The Star. mm}% hegu!i:l_hr’?hu to- y d.u uner opening actively -nd higher then gradually selling of domestic | and nmm::m&gu::unym ul“lw nefr e en dard Ofl of Indiana and Citles Service Mwere both a shade higher. This was also true of American Gas & Electric, American the | Superpower and American & Foreign ol"l‘ndel.n“!ll inted a committee | of of men prominent in financial and bu-l- ness life, whe were charged with ing the ‘companies act and with ncmmunm ifie uonl In u:y. 1926, the committee & report summarizing the nnd.l.np :nd oonhzn ing recommendations. ~After due con- in May, 1929, fpaces o0 it il a ice submmitted by the committee. Better Records Required. “The revision of the act makes it cmpnhory for all British companies to keep fuller and more current business !eevrdl to expand the -wpc of infor- ‘Sctions made aveSaie Lo the pablic and at the same time provide safeguards against inaccuracies and misrepresenta- tions, to define more clearly tlu duty of company directors and impose more severe penalties for their negligence or dishonest performance and to safeguard Seducat dicrioudon.of secaciier smman les am T ong “Provision is also made for the vm— tectlcn ol minority interests, the re. holders can_invoke vl ald, en!nrm special nmm f the In were felt tions of w. keenly 'hn lsan Lord Ki head of ‘the Royal Mafl, was sentenced 4 to one year’s imprisonment for mhrep- ruenunlthemnuuelrnmflcumm a prospectus issued over his signature. Canadian Plans. ‘The Dominion of Canada, to latest reports, umgvm% thau‘ht to the enactment of legislati rotect investors. S =3 (Copyright, 1933. by North Ameri Dave: Alliance, aey oo e Grain Market By the Assosiated Press. CHICAGO, March 23.—The grain market surged sharply higher at today’s opening and prices on all grains ad- vanced. Wheat started % to 2 cents higher, corn % to 1% up and other grains recorded fractional advances. The upturn was attributed to a rever- sion of sentiment because of the con- tinued five-day decline. An advance ‘Trade reopened for business (ol- lowing the uumul bank holiday, fnln mmvfly week ago today. shot up to the limit onthndaylnmlthlmunm m next day, however, gains meunthe object to the Senate.amending the ln.rmhul.udeanedne::mry. Some selling devi quotations were: March, y, 6.37, up 11; July 6.52, IID ‘l? .73, up 13; December, ' a sharp increase | Va Ry & Pw 53°34. 24% Ygstn S&T ‘cdb, up 12; .umury 6.03, up 9. INCREASE IN COMMODITY PRICES IS RECORDED [ 5% ' By the Associated Press. ‘Wholesale mmodlby prices showed during the week ended March 18 from the last week, . 2:55. Toho El Pw 7s'55..' 8 46% 3 35 Un P 1strf6s 200.. Unit Drug 5s°53. U 8 Rubber b del-u St Es41. 13 ‘Vienna 6s '52.. Va EI&Pwr 6% VaRylst6s A’62.. }l ¢ 10 . 8 ‘West Union 58 '51.. 3 ‘West Union 65°60.. 4 West Un 6%8°36.. 6 Westphalia 6s'53.. 12 Wil&Colst6s’dl. 2 Yeloh-mn st | 5 Ygstn 8&T 5 l’“.fi" 98% 26% 78 98 59% 34% 44% 45% 4% 23% 23 32% 64% 1% 46% b 9% 1% 14 18 38% 90% 89 62% 26% 46% 63% 38% 920 45% 58 8% Bocrditllanlpoumuw ' these Power warrants. ‘The market, however, was not without final hour. issues usually are inactive. Boston & Albany was down 4% llectnc Power & Light second pre- ferred lost 3%. Gray Telephone Pay Station broke 6% pd.nu. n:tiruflnn&l Pennsylvania w-'.er & Power dropped 2% points. Selected !ndlllt.rles (ered chip) rd bldding, with the result that near the close of the second hour price trends ‘were reversed. Meanwhile the strength of commodi- ties, such as grains, aided Deere & Co., but, curiously enough, the rise in sflver, one of the two commodities retaining its initial advance—the other being sugar—brought out selling in mine shares such as Bunker Hill-Sullivan. Aluminum Co. of America quickly moved forward for a gain of more than 2 points, which scattered offerings failed to change. Meanwhile a series of earnings statements and dividend ac- tions aroused attention. United States Foll reported & 1932 net of $495818, against a net of $739,899 in 1931. Safety Car Heating & Lighting reportéd & 1932 profit of $232,736 before depre- tion, which trasted cial cont with a net loss of $105,872 in 1931. Directors recommended that fixed assets be reduced to a nominal value of $1 and in View of this no depreciation was charged against income for 1032. Mountain States Power omitted the q\nmr!y $1.75_preferred dividend due t this time. Three months ago it paid ll Steel Co. of Canada reduced its common annual dividend from $1.75 to $1.20 with the payment of 30 cents quarterly. Tung Sol Lamp Works re- ported 1932 net loss of $100,022, con- ;A;l;ltod with net profit of $352,865 in POTATO MARKET. Stties Depgstmnt. o Aghutrt) o ent of iculture) Potatoes, 116; on trafk, 236; total United States shipments, 927; slightly stronger; demand and trading slow; ; Wisconsin round whites, 1.22%,a1.27%; ta early s mio B ontsmiom e S s i b1t Jol > > BEof EEEEEEERRE HRoa0N” | o™ T b oy 5 0 2 H =} . 29988! Fiooees et ey et Fits = gagonn 1212 'fl:gfi .?E"p’ ,‘l s aaomis ot ] 888 2 e t 33, ;8 2 7 i - Vel N 5 T 208 Eon x & o T P :”og i 7 5 HH o 999000 JE3E 2 N O Ef : ShEE R ol :::;E (T 2 ,"EF;F: ¥, e o o, B g & Kt ER .. ¥ =2, e H E968 1 5 1 £ 21 1020 1S O et AR LSRR S 231 ZZZ2Z! wIEEE .,,_ Opp 23 FoE ot e ool e 10 oo e 2 e i s T ER223! i Qg 1 FEFS L) 05 B %) Tl TFFERE R "o @, 239 ) 2 are b 8 23 () - (3 5, 101 % e = P REREERY Rgg g“‘ & Eiife A35zRazades e - 3, OIS X9 S O 1 ) et ar Bm - FRAEE S3323A8RTER 2345, IS FER frdenie T 5% Aa@eImsact L3 & 3 Market Averages BY the Associated Press. ¥l 8 ts + Bhocababonmial 5 é‘nsgg 3 it E: Oisinantsisio Saenzes gy i e 45 Empuiil o 8 i -:An"" e = & gE8Ess i~ U SEsagas ot e onD in3toin i) Be ot .. OO lish! ) = 8 o 1 S 23] ; h»-lhq:bgg i sty < 3 333 P i 22232, et gissveiiee S i o] T o : & € o & 32, 43 e o i v _ > £ LoD § g & §, ] | 82 § i i N Recelved by Private Wire Stock and Bale— Dividend Rate. Add 00. High. Low. Close. Acme Wire vtc..... 1 3% AirInvIncvte.... % Alum Co America.. 3008 48 Alum Co-Am pf (3). 501 Aluminum Ltd Am Beverage. Am Cit P&L A(al). Am City P&L B 150, Am Cynamid (B).. Am Dept'Store; Am Founders. .. Am & For Pw war. Am Gas & El (11).. Am Gas & E pf (6). Am Invest Inc war. Am Superpower. ..., Am Superpower pf. Am Thread pf 25¢.. Ark NatGas...... Ark Nat Gas (A) Ark Nat Gas pt, v..: Ass0 Gas&Elec (A), Asso Tel Utilities. . Atlas Utllities..... 15 Atlas Utilities war.) 4 Axton Fish A 3.20., 268 Blue Ridge. 4 Bost & Albany Brillo Mfg (60c) Brit-Am Tob (B) (p24 1-10c). . Bunker Hill & BurmalLtd rcts pc. Canadian Marconl., 2 Cent IILP 8 pt (6).. 108 Cent States Elec... 2 Citles Service. 98 Citles Service pt. W 1 | Citles Service(BB) 10s Claude Neon Inc. .. Clev Elllum (1.20). 1 ColG & Ecv pf(6). 100! Col O1] & Gas vte. . Comwlth & Sou wr. Comstock Tunnel. . Cons Gas Balt3.60.. Cord Corp €10¢). ... Cosden Ol pf cod. . Creole Petroleum. . Cresson Consol(4c) Crown Cent Pete Crown Cork Intl A, Cusi Mexicana Min. Deere & Co. Dow Chemical (2) - El Bd & Share b6% . EIl Bd & Share pf 5., El Bd & Share pf 6.. EIP&Lopwar.... 20 Elec P&L 2d pf(A) 4508 Elec Shareholding. Europ Elec debrts. 4 Fisk Rubber (new) 6 Florida P & L pf(7) 258 Ford Motor Ltd.... S 4 Garlock Pack(40¢c). 1 Georgta Pw pf (6).. 25- Glen Alden Coal. Globe Underw kise Gold Seal El new... Goldman Sachs.... 8 2l Gray Tel Pay S (2). 508 10% 10% Grt A&P T n-v(17).10s 138 138 Great A&PT pt (7) .140s 121% 120 GulfOllof Pa..... 28 Hamilton Gas vtc. % Hires CE A (2) 19 Hollinger Gld 5% Hudson Bay Min 314 Humble 01l (2). 41% Hygrade Food..... 2% Imp Of] Ltd cou 50¢ .3 InsCoN Am (2)... 29 Int Cigar Mach 1% 15 Int Petrol (1)...... 9% 3 2 34 2 [ 43 2 1 1 0 1 5 2 i § 29 15 9% 12 1 15 1 9% Package Plant to Reopen. LAUREL, Del, March 23 (#).—An- mouncement that the Marvil Package Co. would open its plant next Monday, employing approximately. 300 persons, was made by Ray E. Hamil, the man- ager. The company manufactures fruit and vegetable packages. The Poco- moke, Md., branch of the company, employing about 100 persons, began op- erations yesterday. FOREIGN EXCHANGE. (Quotations furnished by W. B. Hibbs & Co.) Nominal gold Selling checks alue today. Mednd, pescta Vienna, schilling. Budapést, pengo. Prague, crown (n. arsaw sloty o-Pe hagen, crowi. ockhoim, - crowh Siontreal, aiSeount. 175 *|U. 5. TREASURY CERTIFICATES (Reported by Chas. D. Barney & Co.) Rate—Maturity. Ma; 33 99 8-32 1014-32 100 100 28-32 101 99 20-32 100 4-32 100 28-32 Aug. 15, 1933 1l D& 15 1033:0 100 1833 Manila, P. I, has refused to tax musi- cal or lites rformances. Would You Like to Hear .. 100 .104!3 101 20-3; i i m 1 fiae i ES o £é b lE gl I s E i i ; MUTUAL BENEFIT LIFE INSURANCE CO, H. Lawrence Choste, Gen'l A, e ism StNW. L Gentlemen: Please send me further information - (without obligation). ADDRESS .. 3 | Trans Air Trans... FINANCIAL "N. Y. CURB MARKET Direct to The Star Office. V: Int Util B.... Interstate Eq cv pt. l 10% Inters Pwr(Del)pt. 208 Irving Alr Ch (40¢) 5 4% Itallan Superpw A. 1 14 % | Ital Superpw db rts 2 Lake Shore M (2), Lefcourt, Readty Lone Star @ b64 Mont Ward (A) Mount & Gulf. Mountain Prod'§6c. Nat Aviation, Nat Bella Han.u.. A Nat Investors " : Nat Transit ('00) .. 1 6 New Eng Pwr pf(6) 308 14| New Jersey Zine 2., ) Niag Hud (A) war., 25 | Niag Sha(Md)B 20¢ Noma Electric. Northam W ¢ pf Ohlo Copper....... 22 Pac G&E 1st pf 1%, 2 Pacific Ltg pf (8). l’lfll Pan Am Airways. .. l Penn Wat& P (3).. Paramount Motors. 2 Parke Davis (1)... 9 Parker Rust P 2% . 226- Penroad Corp...... Penn P& L pf (7). 100: Phoenix Secur..... 1 Pilot Radio Tube A Ploneer Gold 24c. . Potrero Sugar.... Premier Gold (llc) 3 | Prudential Inve: Pub Util Hid war.. Pub Util Hid x w. Pub Util HId ¢ pf Quaker Oats (15).. Reynolds Investing Rike Kumler...... Roan Antelope. Ryerson (Joseph). Safety Car H& Lt., St Anthony Gold. ., 8t Regis Paper. Belected Industr Select Ind pr(53%)n Silica Gel cpz*) Singer Mfg Co (6)., Fouth Penn Ol (1). Southland Roy 20c. Stand Oil Ind (1)., Stand Oil of Ky(1). Stand Ofl of Ohlo. .. Starrett Corp...,. Starrett Corp pf, Stutz Motor Car. Swift & Co... Swift Internat’l(2 Swiss Amer Ei pt Tampa Elec 2.24 Technicolor. . Tech Hughes (60c), Texon Oil & Ld (1), S = PP 1 o 2 @ Trans Lux DL P Utd Corp war..... United Founders. United Gas. .. United Gas war. United Gas pf (1)., United Lt & B (A).. United Lt & Pwr pt Utd Shoe Mch 21.... U S Elec Pwr ww. US&Intlistpf.., Unit Verde Ext 40c. UHlIP&Lt........ Util P & L (B) cfs.. Util P& L pf (7).. 2508 Utllity Equities... 2 Util Equities pf 5 20s Walgreen Co (1)..: 4 Walker (H) pf (1), Wenden Copper. West Mass Co ( Williams (R C) ‘Wright Harg 12 B ) TEomae N w o NRemng 3% Dividend rates in dollars based on last quarterly or semi-annusl payment. *Ex dividend. tPartly extra. 3Plus 4% in stock. aPayable in cash or stock. bPayable in stock. e Adjustment dividend. fPlus 5% ig 50‘* ;:"Kul 6 ln l’m h?l\l.lléz in o ok, " B Plus & ia stock: 'Paid 100t your s’ repular race, 6 | aiGener disbursinents U. S. Goyernment Bonds Public Utility Bowds New York & Wash, Bank Stocks 7 Investment Trust Shares lu.l Estate Bonds & Notes Brewety Stocks Bought, Sold and Quoted COIDNY COMPANY Met. 2721 *.Secured by First Mortgages Safe—Conservative Wm. H. Saunders Co., Inc. . REALTORS Dist. 1016 1519 K St. STATEMENT OF THE CONDITION United States Fire Insurance Co. of New York On the 31st day of December, uired under Section 647 of the or the District of Columbia. 1932, as re- of Law Net premiums 42238 ISBURSEMENTS. + Daid pocyRoIa- .. $8,877.133.60 6,608,304.00 Total disbursements......$13,385,437.09 020.13 4,079.96 1.565.602.18 1448812001 9.709.211.58 1,131,201.36 ,577,920.28 saset; Deduct assets not ‘sdmitted Total admitted assets. Capital paid up: Surplus over all liabiiities. 263,166.48 470.408.19 9,082.78 Sprin] Rlfll‘ civil co: G mm tion and explo- 24.058.54 Asst. and sworn 1o bef thts .Slh dly of Nimln.m 'fl - me Nun{y nlx’u:li‘c, mthgo'ntd El'mn M m!r QAR-"EI e 3 T hlmn" ‘8!H=& . %158 HE e lephone Metropolitan We are prepared to act promptly on appli- cations for Loans on Real Estate in the District of Columbia. No Commissions Charged. We Pay 5% to Investing Members ‘ | NOTICE | Columbia Building Association 716 Eleventh Street N.W, Member of Building Association Council of the District of Columbia INVESTIGATE We shall appreciate your looking into the merits of our 6% FIRST MORTGAGES First Mortgage | N Investments As offering desirable investment for your surplus funds. The interest is fixed and the security adequate upon conservative appraisement of im- Sound Security Liberal Return to an Investor proved Washington real estate, May be purchased in amounts from $250 up. B. F. SAUL CO. National 2100 925 15th St. N.W.