Evening Star Newspaper, March 27, 1933, Page 13

FINANCIAL. BONDS ARE STEADY IN LIGHT TRADING Price Changes Narrow, With Government Issues in Lower Range. BY CHARLES F. SPEARE. Special Dispatch to The Star. NEW YORK, March 27.—While the market for listed bonds was steady to- | day, volume was light and price chnngu were unimportant. More favorable news concerning the | German political situation, with the ln- timation that the new government md adopted a saner policy, had a favorable effect on all forelgn issues, more per-! ticularly German bonds. Saxon state 6,5 were up over a point, while the German government issues showed fractional gains. Belgian and United | Kingdom bonds also were in better fa- vor. French, Canadians and South American bonds, however, were inclined to_be sluggish. United States Government bonds were in moderate demand in early dealings, but eased off a little later. News from Washington was to the ef- fect that President Roosevelt's fiscal program will insure a balanced budget, with something left over for debt re- | tirement. Domestic railroad bonds were swld)‘ to slightly lower, but the list had no| significant developments. 1In the public utility list International Telepbone 5s and American & Foreign Power 5s showed improvement, moving up frac- tionally. Western Union issues were | weak. American Telephone and Con- | solidated Gas issues were in moderate | demand at about last week's closing levels. Industrial bonds were inactive.| Local tractions were steady. | According to the fiscal agents, funds have been received from Hugo Stinnes Industries, Inc.. for payment of the April 1 interest on the company's 7 per cent debentures due October 1, 1946. | UNITED STATES. (Sales are llnhll‘fl‘.i gh. Low. Lib 31 s 32-47... 10018 10010 Lib 1st4% s 32-47. 10117 10113 Lib 4th 4% 8 33-38 101 16 10111 US3851-66..... 9619 9638 U S 38464 9727 USI%s M 4143, 99 81 US3%8T40-43.. US3%saddr... 99 31 USINs4E . 102 10124 US4n44-54..,... 104 10319 US4%s47-63... 1072 10621 Sales, High. 100 12% 100 6 Abitibi P&P bs '33. Adams Exp 4s ‘48 Ab& St5%s 4 ]A!lezhlny b8 44 Alleghany 68’49 Alleghany 5s'50 Am F P 552030, | AmIGCh5:s 4!. Am Metal 5138°34. Am Sm&Ref 5847, Am Sug Ref 6837, Am T&T 4%s'39. Am T&T c trbs " ll. Am T&T deb 5560, | Am T&T deb 58 | Am T&T 8%5°43 | Am Wat Wks 58", Argentine 5148 °6: Argent 65’61 May. Argentiné 68 '69 Ju Argentine 68 ‘89 Oc. Argentine 68 A '567. Argentine 65 B 'S8, Arm& Co 414839, | Arm Del 5138 °43... Atchison adj 4s . Atchison gn 4 AN CLeol CN‘W At] Ref db 58 \uvnn!lnl‘& Australia | Australia | Austrian 7857 B&O1stdn'es B&O 418 | B&O 414960, B&O1sth B&Oref BR&Ort5sD B&OTf 65C"95 B&OPEWV 4 B&O Swdv | B & Toledo ¢ l Grain Market Belgium 83 Belgium 614 Relgium 78’55 | Belgium 78 '8 | Bell Tel Pa 58 B B the Assoclated Press. CHICAGO, March 27.—Grain values everaged lower early today. influenced | by the fact that Liverpool wheat quo- | tations had failed to follow Saturday’s advance here. Unsettlement of se- curities was also a bearish factor. Opening unchanged to 33 lower, wheat afterward held near the initial limits. Corn started at 's off to ¢ up| and subsequently sagged somewhat. Uncertainty in regard to what the Benate would do with the House agri- cultural bill acted as a drag on wheat. | Prices rallies lacked force, and buying of | futures was of only a scattered sort.| ‘Word that the amount of wheat afloat | for importing countries showed a de- ©cided falling off compared with both a week and & year ago was virtually | ignored Domestic primary receipts of wheat today were more than double the | sggregate at this time last year. Corn displayed relative firmness, and | st one stage rose temporarily to me. highest point since November 23 for‘ May contracts. Illinois reports indi- cated that Chicago was being outbid by other leading markets. Rural offer- | ings to Chicago were reported light, but receipts here were liberal. 113 cars against 104 a week ago and 20 the cor- responding day in 1933. Octs followed corn. Provisions were easy, responsive to hog markets downturns. | Can Pac deb 4: New York Cotton| | | Bpecial Dispatch to The Star. i NEW YORK. March 27.—Opening eotton prices on the local exchange today were off 2 to 5 points. There was a steady market in Liverpool. Initial quotations were: off 3. July, 6.52, off 3, October, 6.70. off 4; December, 6.83, off 5; January, .89, Off 5; March (1934), 7.05, off 2. IABYLAND TOBAGCO PRICES‘ BALTIMORE, March 27 (Special).— | Bales of Maryland leaf tobacco, mostly | of the 1931 crop, dropped to 85 hogs- heads last week, while receipts totaled 185 hogsheads, leaviny r a stock in State | tobacco warehouses of 28,548 hogsheads. Very little demand is noted so far for 1932 crop tobacco. Quotations today | r 100 pounds: Frosted and interior, | 00a4.50; sound to good common, 5.00a | 15.00; medium to good, 15. 00830.00; | to fine red, 30.00a41.00; fancy, | 50842.00; seconds. common to medi- | um, 4.00a15.00; good to fine, 16.00a28.00; | upper county, nominal; ground leaves (1831 crop), 2.00212.00. INVESTMENT TRUSTS NEW YORK, Masch 27 (#).—Over- the-counter market: (Quotations as of 12 e'clock.) Bullock Pund 5 Cumulative Tr Sh.. | Chile 6560, | Chile 661 Sept. | Chile 6263, | Clew Ter 514sA"72. | Colomb 6861 Jan.. 8 ! Rell Tel Pa 58 C'60. | Benet Loan #x " Berlin Cy EI 6555, Berlin 614850 ... RBerlin C El 613 Berlin C El 61 Beth StITf 5842, Bolivia 7569 . Bolivia 85 4 Bos & Me Bos & Me 58 ‘67 Rrazil 6155 '26-" Brazil 61gs ‘2 Brazil 8 - RBremen 4 Bklyn Ed bs A ‘49 | Bkiyn Elev 6%s... Bklyn Man 65 A 68 BKIyn Un Gas 58'50 Bklyn UnGas 55'57. | Budapest 6s Buenos A R BR&Pitts 4%s " Bush Ter con 5855 Canada 48 Canada 4 | Canada 5 I an Nat Ry 42 Can Nat R: Can Nat Can Nat 58 Can Nat Ry 5270, Can Nor dh 615546, Can Nor deb 7840, W s PRUPHE POV TTPRNUPAEAEE -1 - JOTVS - JTU o Can Pac 413546 Can Pac 4145°60. .. Can Pac 58 '44 ctfs. €Can Pac 58 °54. ... | Car Clin & O 6« Cent Gacn 584 Cent Pac 1st 4s Cent Pac s 60. | Ches Corp 58 " [C&Ogen 414 C&O4%= A9l C& 04145 B'95 l‘&fi(nn-\s ... B& Qgn 48’58 (‘hmn Weat 48 Chi Ind&, gn 55'66 Chi Ind&T, gn 6566 r*m'w&smfl/, c > M StP&P 58'T5. . CMASIP 24 bx 2006 Chi&NW 43;8 203 Chi & NW 4%s Chi RT&P rf 4s'34. ChiRI1& P4 Chi RI41%s’60 ChiUnsa 4% 3. ChiTn St5s'44. Chi U'n Sta 5% B'63. Chi Un Sty 8% % C& W Ind cn 45752 C&WInd5h N Chile 6361, Chile 8261 Jan. Chile 6% '62 IS O T Chile 78 '42 Chila Cop a Chi Mtg Bk 5 Chi Mtg Bk 6%'61. Cin Un Trm 58 2020 CCC&St L 4%4sE'77 Clev Term 4%='77. Cologne 6755 '50.. .. Colomb 88°61 Oct Colon Ol 6s°28. ... Col G&E 58 '52 May Col Gas& E 58'61.. Oom Inves 514 Cons C Md rt 58 Con G NY 4% Con Gas N Y 5: o ame SR~ | ConG NY 515 of Rihet Pund 8hrs Trusteed Am Bk “A” Washington Stock Exchange | SALES. | City & Suburban 55—$1,000 at 39; $1.000 at 39. Lanston Monotype—10 at 40, 10 at 40. After Call. Anacostia & Potomac R. R. 5s—$1,000 at 43. . Potomac Electric 5'2% pfd—10 at 10512, 10 at 10515, Bid and Asked Prices. BONDS. PUBLIC UTILITY. Amer, Tel, & Tel 41g 30 %R Ane Con P Jap 6158 Copenhag 4% '53. Copenhag 5s ‘52 Cuba 5348°45. | Del&Hud ref.4s'43. Del & Hnd 5% '37. Denmark 4148 '82. . Det fodison rf 5s'¢9 Dodge Bros 6s 40 Duquesned tzsA’ Duquesne4 1; sB Dutch East I 6« Dutch East 1.65'62. Erlecv4s A ‘53 Erie4sB'53... Erfe gen 4s Erie ref 5567 Eriferet 5 Fiat deb 7, Finland 5%s" Finland 7= 50 Fisk Rub 8541 French Gv 7s°49. .. French Gv 7%8'41. 44 12m Ger Cent Bk Ger Cen Bk Ger Cen Bk 65 '60 0137 Ger Cen Bk 78 '50. . 4 | Ger Gen Elec 8’4 BRI Shee ¢ Colymbla oou‘n‘t'n Cluk R, BB 3818 ate STOCKS. P- La% pid. 5 ..h g"' com. (7). gg% & ln ptd. (8).. MISCELLANEOUS. (o Dromo-Belz. AV (2). 23, nro corn. wa -a & othros S8 4,» SEx dividend, closed. Ger Gov 5 %8 " German Rep 78 '49. 98 GoodHopeS&l Goodrich 6148°47.. 11 Goodyr Rub 68’57 Grand Trunk 6s'3 6 Grand Trunk 7s'40. 2 . 85 or4%4sE'17. 13 Grt Nor gn 78°36.. Hudson Coal b Hud & M rf b Hungary T%s 41 111 Bell Tell 58 '66. . 111 Cent cl tr 48 '63. 111 Cent 4% s ‘66 11 Cent ref 58 111 Cent 614536 111 CCStL&N 58 111 Steel Ab 414 Inland St 4158 Inland St 448 B'81. -uESw-%.— oo Int Rap Tr rf 55 '66 102 | Int Tr 65" 12 Int Rap Tr 75 '32 6 BONDS ¢ Received by Private Wire Direct to The Star Office. T ON NEW THE YORK OCK EXCHANGE Sales. Int Cement 63 °48.. 12 Int Hydro El 6x'44 . Int Papref bs A'47. In¢ Pap 68 '65. IntT&T4%s's IntT&T %52 IntT Ttaly 7 Italy Pub 78 '5 Japanese 51 s 8| Japanese 6%s Kan C P&L 4% Kan City Sou 3, l(nn City Sou % | Laclede Gas s "34. Lautaro Nit 68 '54. Leh Val cn 45 2003, Leh V cn 41;s 2003 Lig & Myers 5s'51.. Lig & Myers 78 "44. Loew's 6s°41. Long Islrf 48 McKellRl%l'fio Manhat Ry cn 48 Midvale Stl 68’3 Milan 6%s°52... Ml E Ry&L bs "$1. T 18t 4890, TO8A'62.. T 4187 & Tadjbs’ Mo Pac gn 4s* Mo Pacrf 5 A Mo Pacbs F'i7 Mo Pac b8 G Mo Pac 58 H Mo Pac 581" MoPac5¥sA Mobile-Ohio 55 ‘38 Mont Pow 68 '43. Montevideo 68 '59.. Nassau Elec 458 '51. Nat Dairy 53 s'48. Nat Steel 55°56. NEng T 1st5s N I Power 6: - NOT&Mb5sB'5i. NOTAMEY Nw 8 Wales 5 Nw 8 Wales 58’58, . NY Cent 3% 9 N Y Cent ab 4» N Y Cent 4 NYCrt4y & & & I BN R DNNRWN® P ADBE a0 MK MK MK MK o ©x3 o DS mune 1P YCrfbn2013... N Y Cent db 8s '35 » Sacunannrousns~nSaBavo 6s S&W gn 5840 Tel gen w.-'n B4 6. & Wndiv4sas r & Wn cn 4596, orth Am Co 5s'61. Nor Am Ed 58 A’ 51 Nor Am F 51, Nor Ger Ltd 7 NorOT&L 6s'47. or Pac gn 3= 2047. Nor Pac 4897 Nor Pac 1652047, Nor St Pw 58 A '41. Norway 65 '44. Norway 6s ' Ore Sh L 5s gtd "46. Oreg-Wash ¢8'61. Pac G&E 5542 Pac T&T 1st 3. Paramount 6s'47. Param-Pub 6% " Paris Or 5%="68 Penn 4% s D81 Pennen 416880, Penn gn 4% '65 Penn 4%x D70, Penn 5864 .. Penn gen 5 Penn 614’36 Penn P&L 41; Pere Marq 414880, Perwés 60 5 % | Phila Co bs Phila Elec 4= Phila & Read 6349 Pirelli P CCAStL 58 A0 Poland 7s'47.... Poland 8550 .. Port Gn El 4% '80. Pos Tel & C 58'53. Prague 74552, Prussia 6852, Prussia 6148 '51. Public Serv 4s71.. iPub8vG 41,867, Pure Ofl 5158 °40. ., Queensland 8s '47. Queensland 7s°41. |Read 4348 A l7.4.. Rem Arms 68 A "37. Rem R 6% sA'4Tww Rhinelbe U 78 °46. . Rhine West 85 '53. Rhine West 6s'53. . Rhine West 65 '55. , Rhine West 78 '50. . Rich Oil Cal 6s°44. Rio de Jan 614="53 RioDeJan ext 8s". R Gr do Sul 85 '68.. %} R Gr do Sul 8548 ' Rio Gr W clt 424! RIAr& L 4%s'34 Rome 63152, Royal Dutch 4 StL IM R&G 4s'33. St L&SF 4 A '50. . StL&SF 415878, StL SF 4148'T8ct st St L&SF 58 B '50. .. | StLSW 1st 4« ‘ St L SW 1st StP&KCSL 4 14 8'41 1 SanA&AP4s43. | Sa0 Paulo 78 ‘40, Sao Paulo 8s'50. Saxon P W 613851, | Saxon 7s 4%, | Seab A L adj 5+ Serbs-Cr-8i 7s '62. , Serbs-Cr-S1 8582, . Shell U Ofl 5547 Silesia Prov 7s Sinc Oil 6158 B *3: Sinc Oil 7s A 37, Sinc P L 55 ‘42 Skelly Oll 5155739 Smith(A0)61;5'33 Solvay Am 5s 42 Sou Bell T&T 5 Sou Pac col 4849, , Sou Pacrf 4s'55. ., SouP 443569 w Sou Pac 414581, Sou P&Or 4155A'77 Sou Ry gn 4sA'56. . Sou Ry bs '94. - | Sou Ry &n 6s56. . Sou Ry 6148°56. .., Sou Ry M&O 4s'38, SW Bell T 5s A '54. St Ol N'J bs "4 StOIIN Y 4148°51. Studebaker 6s 42, . Sweden 5148 '54. | Swiss 5°¢3°46. . Taiwan EP 5 s'71 Tenn EI P 68 A '47. Tex Corp cv 58 '44. Tex&P 1st 58 2000, Tex & Pac 53 B '77. Tex & P58 C'79. | Tex & Pac 55 D 80. Third Av adj 5260 Tob P.NJ suuzoz: Tokio 5552 Tokio 5148 6. Toklo El Lt 65 '53. . Union El L&P Sl"'l Un Pac 1st 48 47 SR wamaas~oan 120% 651 58 ai am i 31y ® 715 521 | 6 743 951 9915 1054 53% 30 79 102% 3% 36% 1084 109 108 | 1'\ 10214 361 | 93y T4 EVE\I\'G STAR, . WASHINGTON, ICASH WHEAT SALES SHOW SHARP GAIN Millers Increase Holdings in Anticipation of New Processing Tax. BY FRANK I WELLER, Associated Prass Farm Editor. Lack of broad :outside interest in 't | wheat simultaneously with s rush on me part of consumers to lay in sup- i plies lest & proeulln, tax be assessed under. the emergency farm relief act, is aumn' the market in different direc- lons. | Trade reports said demand for do- mestic cash wheat last week was the 1baz in six months. An active inquiry from millers, shippers and elevator op- | erators advanced cash premiums about 1 cent at Kansas City. At the close of the market there No. 2 hard Win- ter 12 per cent protein wheat was quoted at 48 to 49 cents, compared with 50 to 803 cents a week ago. At the same time the May future was falling 6 cents under the recent, high to & level less than 2 cents better than be(nn the bank holiday. reported thc best shipping ‘l.nqulry of the season and cash pre- miums advanced around ¥ cent, although wheat recelpts there were about double those of the previous week. Receipts at the principal Cen- tral Western markets were 1,212 cars, compared with 756 a week ago and 005 for the same period last year. The persistent strength in cash wheat premiums in face of declining futures attracted attention and values in the | latter bracket were holsted on the close. ing in successive declines for a num- ber of days had made a good natural reaction overdue. It nprnud that buy- ers who had rushed the market when the exchanges reopened last week were quick to go out of their lines on ous rts of Kansas, easiness in f markets, heaviness in securities and weakness in Canadian graini RAILWAY EARNINGS. NEW YORK, March 27 (#).—Balti- more & Ohio Rallroad Co. reports Feb- ruary net operating income of $1,244.- 338 compared with $1.402,591 in the same month last year. Gross operating ;!o\;e;la! totaled ll 331,039 against $10,- Nat opentlng figures for other mdl‘ \tnl Ipuisville, & Nasnville 99 | Hlinots Cen: Chicago & Eas 1913 168 & "Arcosiook . t Revolving Knife. In the preparation of lumber for ;cnmmmhl use it has been discovered that the scwing operation can be done more rapidly and much more economi- cally by the use of a revolving knife in- stead of the saw. The cut made by the | Iatter represents considerable material in the aggregate, but with the knife, this waste is obviated. Low. N T 414 k3 —— z'( Saae S ST - T 5 RS s930ep™ 53 n b8 "1 M 85 G .“ nt nt Sta ¥e) R e N S Y S e 420383 BCA 3 DBt 23 e e a8 30 0 00 102 263 bete 135D 233 i il 2A E1 'l‘: % D R Ba PRI x D S 3 CEET ; ,.%:,,.\,?,“;Em.”.,...-w. 222 FESERE 5 9 EERbEES £ 10003 191 194 213 1k TR 3L SO 51D b e 1 Faa b 68 e % Penn bs 2030 202 13RIz & e 3832308553 2288252588 *3TE & l““. 7 : tinnes 7s . 3 Termi B0 6128 A B3 Iw—W th wi s ey UtahP &L 5s Util Pw 58 '59 w! Utll Pow 5%s 47 Vanadium St 58’41, Vienna 6s '52. .o Va Ry 18t 68 A'62. Va Ry & Pw 68 °34. Va SW 1st cn 58'68. Wabash 44878, .. sh5s B'76... 56 sh 58 D '80 ‘Walworth 6s A '45. Warn Br Pic 6s°39 ‘Warn Quin 68 ‘Warner Sug 7= '41. West El db 6s’44. . West Md 1at én '52. West Md 5348'77... 1 West Pac 55 A ¢ West Unel tr West Union ‘West Union West Un 6 Westphal Wil-O 1st 6448 Wil & Co 1t 6541, ‘Wis Cent Tm 48°36. Yokohama 6s '61. Ygstn S&T 5s A’ Taatn 58T 68 B8 | reports of beneficial moisture in vari- | foreign | Some said the mild liquidation result- l D. C, MONDAY, MARCH CURB SHARES SAG AS OFFERINGS GAIN = Market: Leaders Lose Ground in Fairly. Active Trading. —_— BY JOHN A CION! AluntCo of Apf 1% 400! Am Beverage. .. Am Book Co (4) -Am Cit P&L A (a3) Am City P&L B 16 Am Cynamid (B). . Am & For Pwr war; Am Founders. ...i. Am Gas & E1 (31). Am lnveltmonl’ « 1.——'1'he ‘Curb Exchange dritted toward lower levels in today's moderately active session. Market leaders like Electric Bond & Share, Oitles Service and American mid B were a trifle lower, but ra-Hudson Power was steady lnd American Gas :& Electric' rallisd owylnf to n lnw record level. Stane lrd was & trifle easier, though Mdlrd ofl: almost s point. Numerous week end trade . develnp- ments were favorable. Steel sharp|Brit-Am Tob (B) 3;10. firmed, but steel operations were | (p241-10¢)... wn about 1 R cent. POOT €arning| ,yicawird A rets statements for February partially offset | <2\ % "L the enthusiasm for: carriers generated | S2P!% f by the meetings of rail executives in Washington. e oil trade hailed as constructive the Paris meeting, which hopes to.uchieve some sort of world petroleum pact, and: the gathering. of domestic producers at Washington. Natural %n securities were not much influenced by the report fram American Gas Auoclnlon that January revenues of manufactured natural gas companies lsxunm $69,997.600, against $74,094,- for the same 1932 month, or a de- cline of 815 per cent. Standard Oil of Ohio preferred at 72 was down 3 points and at a new low level. Darby Petroleum was not at once re- ve to its 1932 income uument. owing net profit of $146,109, truud with net loss of $993,368 in 1931 Texon Ofl & Land wrongl, 1932 net income of $1.580, $1, 301 901 in the preceding yenr by sell- In( in the final minutes of Satur- trading. g Roycé, Lid,, which seldom ap- | Ppears on the tape, one of the motor EIBd & Share vl l companies that found 1832 profitable, | £l Bd & Sh 28 its net income rose from £144,197 in = El Pwr Assoc( Uc) 1932 to £160,978 last year. This despite | El Power AssoA.,. the depression in England and its rank | Elec PAL 2d pf(A). 25s 28 the highest priced car in that coun- | Empire G & F 1% ..100s try. A. O. Smith Corporation again \ EuropEILtdA30c 1 l"t.ood Out as one of the strong spots In | Ford Motor Ltd. 2 " Enaeieiion. General Aviation.. 1 1 Gen El Ltd 20 2-5¢. Georgla Pw pf (6). 258 Glen Alden Coal... { Am Thread pt 25¢ Anchor Post Fene ‘Atlantic Lobos pt. ‘Atlas Utiliti Auto Voting Mach. Benef Ind Loan 1% of Ohlo was up | Cities Bervice. Cities Service pt. Colon Oil ColG&Ecvpt(s). \00. Colum OLI&G v.te.. 2 Comwlth Edis (§) Comwlth & Sou wr.. Comstock Tunnel Cons Gas Balt3.60. Cord Corp (10¢) Cosden OIl. . Cosden & Co Deere & Co. .. East Util Asso cv 27, 1933. Alum Co America..860s 43% | Kolster-Br Am si 244 | Lion O1l & Refin. 1 | Long Is Light(40¢c) 4 | 8t Regis Paper. FINANCIAL, ™" Stoek and Sale— Dividend Rate. Add 00. High. Low. Close. ImpOll:Ltdcou b« 7 6% Ind Pipe Line (20¢) % Int UHIB. . 1 Interstate Equities Kirby Petroleum. .. KleinDE (1).. Lake 8hore M (3) Lehigh Coal&N 4 Lone Star G béde. .. Long [LemptB6 25 Louisjana L & Ex. . Montgom Ward(A) 204 1 2 1 2 1 1 4 3 b | 1 . 3 . Nn Sugar NJ (2). berry Juuk) Niag Hud (A) war. Niag 8ha(Md)B 20¢ Nor Sta Pwr(A)(4) Ofl Stks Ltd (k20e) . Pac GAE 1st pf 1% PchlEDll 3%, 3 1n Penn Wat& P (3). Pilot Radio Tube A Pioneer Gold (24c). Premier Gold(12¢c). Pub Util HId xw. .. Puget S4 P&L 36 pf 208 Rainbow LumB... 2 Royal Typewriter.. 1 Safety Car H& Lt. b0s % 22 Salt Creek Consol . Balt Creek Prod (1) Shawin W&P (50c). Shenandoah pf. Stlica Gel ct. . Singer Mtg Co Smith (A0)......7 S0 Am Gold & Plat. 4 8% Stand Oil of Ky (1) Stand Oil of Ohio. . Stein A & Co pré% 108 Stutz Motor Car. .. Swift & Co. Swift Internat 112) Swiss Amer El pt.. Tastyeast Inc (A). Tech Hughes (80c) Texon Oll & L& (1), United Corp war. , United Founders. United Gas. 16 72 Sanvonanic 1 Sa lmGu&Elpn W | prospect. 24 b 90 21% | % | £ 18% 104 70 | ditions during the past week, with the ERY 164, | disappointing. 20% | % show no great increase, although mak-.- :M ers rqnd the market outiook more op=* ‘h »»» A_—13 N Y. CURE MARKET | DEMAND FOR STEFL mnmnmmummofi. STILL IN' DECLINE Weekly Review Shows Pros; duction at 14 Per Cent of Capacity, :ly the Associated Press. CLEVELAND, erch 27.—While steps s | being taken in’ ally belleved to be hy the founda- tion for a strong industrial structuré” | the work in terms of actual steel de. mand is not jet visible,” the magazine. Steel says. “Though business is getting estab- ~ on & firm basis and a note o confidence persists, so far this has not % { resulted in any pronounced increase R ‘conlumptim. the magazine contmut& in_its weekly review. Improvement in operations at Cleve-~" land and Buffalo has been more than offset by reductions at Pittsburgh, | Youngstown and Eastern Pennsylvania, | while at Chicago and memgh:‘gl the‘ rates are unchanged, the ma, e T¥- | ported. _Steel ingot output last weele uudofllpolmwl per cent of™ capacity. | “Sennment with regard to the im: mediate outlook for steel has become little more subdued sinot it has ap-~- peared that inflation is not in early Shipments are slightly lower than before the bank holidays,” the re: view said. : “Activity is notable in pig iron.~ | Purchases by the Chicago district foun-- dries are the heaviest in more than two- years. Cleveland furnaces have boow 17,000 tons additional.” - Trade Trends By the Associated Prees. Retail trade—Reports to the textile trade indicate that the benefits of | more normal credit conditions werd~ partly offset by adverse weather cori~ 13% | | result that demand for apparel vu Pig iron—Inquiries in this district timisticall | Puel oil—Some dealers in bunker oil look for a favorable turn in the mar- "'.m with the passing of unsettlement |m the European political situstion, . spmn Dispatch to The Star. BALTIMORE. Md.. March 27 —White | potatoes, per 100 pounds, 85a1.00; new potatoes. bushel, 1.25a140; sweet po- | tatoes, bushel, 40a1.00; yams. barrel 15081.78; beans, bushel, 1.0081.75; as- | paragus. dozen bunches, 2.0024.00: mu \per half crate, 75a1.10: cabbage, 7.0081 . carrots, bushel, 50a60; clu- Uifiower, crate, 1.25a1.40; celery, cnte. 1.5082.50; cucumbers, bushel, 3.00a4.00; eggplants, crate, 1.50a3.00; lmuce. 50; onlons, per 100 poi ima beans, bushel, 200-3 50 ‘lplnneh bushel, 45280: peas. bushel, 2.2503.00; peppers, bushel, 1.25a1.50; tomatoes, lug, 5082.00: nduhes huahel 7581.00; squash, bushel, nlr basket, 25a40; :pples buhel lSl strawberries. pint, 12al6; grape- fruit. box, 1.75a2.50; oranges. box 200 #3.50; tangerines, half box. 1 Dairy Markets. Live poultry—Turkeys, hens, pound. 172823 gobblers, 18; old hens. 20a21; old toms, 14a15: capons, 17822: young chickens. 19a21: brotlers, 20a24; - old | | hens, 13a15; leghorns. 9a13; old roost- |ers. 9a10; ducks, 12a13: guinea fowls, each, 25845; pigeons, palr, 15a20. Eggs—Receipts, 3,679 cases: cumm ‘re;;elm.l dozen, 1134a17; duck eggs, to fancy. creamery, . ladles, 14a15: \store | | packed, 12a12%; process butter, 15, Livestock Market. Dctflk—flccelpu 250 head: steers and | bulls, steady; cows, 25 cents lower: neerl g00d 1o choice, 5.0085. 25: medium . good 2.75a5.00; fatr to medium, 4.25 | a4.75; plain to falr, 3.1584.25; common itn plain, 3.00a3.75: bulls, medium to ‘[ood 3.00a3.25; plain to mediurn, 2.50a 13.00; plain to fair, 2.25a2.50; common | | to plaln, 2.00s cows, medium bo good, 2.25a3.00; fair to medium, 2?5« 2.75; plain to fair, 1.75a2.25; common to plain, I heifers, :ood m cholce. 4.7584.75; medium to good, 4. ,u .50; fair to medium, 3.50a4.00; vmn to fur, 3.0023.50; common to plain, 2.50 |23 Tresh cows and Springers, 30,00 Sheep " and lambs—Receipts, 1.000 \hl‘d. steady: sheep, 50a2.50: lambs, g00d 1o cholce, 53045.75; common 10 | medium, 3.0085.75. | Hogs—Receipts, 2,200 head; lpon' | lights, 4.3024.65; medium to g 475; heavies, 3.80a4.65: mulh.s 'u 2:80: light ph: 3.2083.70; _pigs. 3.90 | 4.50; Western hogs, 10830 higher. | Calves—Receipts, 200 head: hllher good to choice, 6350a7.00; common | medium, 3.30a5.00. ! Hay and Grain. ‘Wheat—No. 2, red Winter, garlicky, 65; March and April, no quotations. Corn—No. 2, " yellow. spot, domestic. barrel. Oats—No. 2. white, domestic, as to 45050. Hay—Recel] . General hay market is quiet, but no surplus of timothy. Prices range from 11.00a 15.00 per ton, as to grade and kind. The poorer :ndwu of ?’x"‘ hard lto sell At any ice. arket {rregular on | everything below No. 3 timothy. Magnet Handles Tacks. In the tack factory, the operation of erring tacks from one receptacle to another is not exactly easily dmc because of the sh: points, which make the pieces difficult to handle. The up-to-date method is to do this by ‘means of an electric magnet. When this is thrust into a big box of tacks, the magnet “grabs” a bunch which may be transferred to another box. The tacks are freed from the magnet by touching | a button which cuts off the current. Construction in Edinburgh, Scotland, in 1932 was the greatest in eight yeats. FIRST NOTES 6% 1001 Fifteenth Street Baltimore Markets } |Gold Seal Elnew.. 1 Globe Underw ke United Lt& P (A). | They also expect that the market will. 4384375; cob corn (new), 3.00a2.235 per | g ) 138 120 28 By 3 E2 Y | Grt A&P T n-v(17). 208 138 | Great A&PT pf (7). 108 120 Gulf Ol of Penna.. 1 Hollinger Golat80e 1 udson Bay Min... 12 | Hyrrade Food. ... 1 120 28 5% 3% 2% L) 3% !\ RUSSIA REI]U[}[S . TRADE BALANGES ‘Cuts Unfavorable Credit | Half Over Amount in Pre- vious Year. ] MOSCOW (#).—8oviet Russia was | able to reduce its unfavorable trade balance during 1932 to less than half 8 | the amount©f the previous year. This was accomplished although the nation had to curtail radically its purchases 1nrolfl because of the drain on its gold | & | resources while its exports declined rel- | atively only slightly. Ameunt of Imports. | Imports for the year amounted to | 2,300,000 tons at a cost of 698,693,000 ‘roubles. compared with 3,564,000 tons eustlng 1,105,034.000 roubles in 1931. rts were 17,457,000 tons, for which 884,000 roubles were received, nnsmt 21,779,000 tons at 811.210,000 | roubles in 1931. (The rouble is approxi- | mately 50 cents.) | . The adverse balance at the end of 11932 of 134,809,000 roubles compared with 203,824,000 at the end of 1931. |, Germany continued to sell more g00ds | =8¢ — — ————— — — | to Moscow and to hold the most favor- able position in point of trade balance with Russia than Any other country. Dgnru from Ge: y totaled 324,- 411,000 roubles, ullnu 410 645,000 rou- bles in the previous year, while exports to that country declined to 98.061. ooo roubles from 129,338,000 roubles in 1931. England Best Customer. Bovm Runhl‘be:t cmmer dul;lnt Eng] w] took 4.~ S 300 roubler s eoods, compared with 266,071,000 in 1931, while imports from that. country were 90,932,000 roubles, against ’Il 381,000 in the preceding year. It was-this large disparity between Britain's exports and imports with Rus- that caused Downing Street to can- cel the trade agreement ;ovamln; com- mercial operations between two countries & few months l(o The United .States drop) third to fourth place in Dolnt: DI u]u good R.uull, be! laced 49, m%o{‘b? mublu ot 'ooda here |in 1932 compared with 31,865,000 lor | America. * ENTERPRISE SERIAL BUILDING ASSOCIATION 7th St. and Indiana Ave. N.W. “ T0th Series of stock now . open for subscription Payments on shares $1.00 each, payable monthly Member ot Bullding Distriet ol | MORTGAGE" CJAFE ... Convenient... Profitable . . . Secured on residences and income- Brodncmg properties in the istrict of Columbia and adjacent Maryland suburbs. H. L. Rust ,Cdmpany ** National 8100 % | United Lt & Pwr pt T'td Shoe Mch 215 | US&Intl1stpt. Utah Pwr & Lt pt. Util Pwr & Lt. UHIP&Lpt (7). Utility Equities. Util & Indust pt Walgreen Co (1).., 13 Walker (Hiram). Walker (H) pf (1). Walker Mining Watson (J W), West Auto Su A (1 Woolworth (F W) Ltd (p24 2-5¢) . Wright Harg 120c. retes in souare tPartl; 134 3 3% based ystasusl pevs Cas tock. - b bay tment am«u £l 5% s % unmul 3: . f lfll " lll l .'ll‘.ul‘ year—npo ““L' A First Trust Loan on improved Real Estate INSURANCE of any kind REAL ESTATE you wish to sell or purchase INVESTMENT in 1st Hm;-nce Notes r Rental Property You desire managed Consult Floyd E. Davis Co. 733 12m Street N.wW. !S‘I’AILlSHED OVER “ V!ARI | Organized 18 JOHN JOY EDSON, President Subscriptions for the 104th JOIN THE Always Remembder— It is not what you earn, but what you Save That Counts. 10‘1 | 341 | 193 | 2]'- !‘a 1% | 2 | be helped by the new attempt to elim-- inate overproduction of crude. Crude drugs—From fair activity s s | week ago, the market has become rela-. . [ tively dull, but dealers look for early. | improvement in several li in con< }necuun with seasonal needs. Coeoa—Arrivals of cocoa beans for -~ ‘ the month to date total about 199,000 8% | bags. compared with 375,000 a year ago. 4 | Warehouse stocks are close to 756,000 * SILVER QUOTATIONS. - NEW YORK. March 27 P).—Bar'* silver barely mdz s lower at 27% - LOANS at 6% Interest —for refinancing or pur- chasing D. C. Property. No Renewals . . . No Commissions Member D. C. Building Asen. Counecil PTIONg, PERMANENT BUILDING ASIO‘IATION 4y ON9-924 ST. N Wit i r o 1 evision us- 1 HHIWMMWMWWWWMMWIMIIIMHIWIHHIHH!IIIIWIfll!lllllllllflllllllllllllll 53rda YEAR COMPLETED Equitable Co-Operative Bldg. Ass’n WALTER 8. PRATT, Jr., Secretary $6,251.006.34 Issue of Stock Being Received EQUITABLE AND SAVE SYSTEMATICALLY The Equitable’s Plan of systematic saving has taught Thousands how to save and accomplish gnt Results. Join To- ay. 915 F St. NW 0 NOTICE We are prepared to act promptly on appli- cations for Loans o n Real Estate in the District of Columbia. No Commissions Charged. We Pay 5% to Investing Members Columbia Building Association 716 Eleventh Street N.W. Member of Building Association Council of the District of Columbia