Evening Star Newspaper, March 28, 1933, Page 12

TA—12 ®¥¥ FINANCIAL. THE EVENING ANKS INSTRUCTED FIN 1933. ANCIAL. STOCKS IN RALLY STAR, WASHINGTON, TRANSACTIONS ON THE NEW YORK STOCK EXCHANGE Received by Private Wire Direct to The Star Office. D. C., TUESDAY, MARCH 28, NR.F.C. AIDPLAN New Regulations for Obtain- ing Funds Drawn Up by U. S. Agency. BY EDWARD C. How closed their efforts to g construction STONE. banks may speed up | t aid from the Re- | Finance Corporation is | yevealed in a new set of regulations | petting forth the conditions under | which the organization will subscribe | to or make loans on preferred stocks ©f national or State banks and trust (‘Um) anies for capital purposes in the ment of new_institutions, re- | itions of existing banks, or to lo them to continue in business. | “With the list of instructions sent | the corporation to all its fleld a “suggested form of | association for national intions issuing_preferred mended in offcring stock, her for zation or reorganiza- | 10 12 147, 9%, 4 19t 24 L1033~ Yesterdey's Stock and Sales Low. Dividend Rate. 3 AdamsEx 4 50 Adams 4 10 1% Adv Rumley. . 7!2 Air Reduction (3) 11's Alaska Juneau(60c). 37 1 Alleghany Corp. 21 112 Alleg Cp pf $30 xw . 2 70% Allied Chem & D (6 112 6 Allis-Chalmers Mfg 1 183 Amerada Corp (2). 20 7% Am Ag Chem (Del).. :s Am Bank Note. .. Am Bank Note pf Am Brake Sh pf (7) 2 AmCan (4).... Am Can pf (7) . Am Car & Foundry.. Am Chucle (13). Am Come'l Alcoh Am & Forelzn Pwr. . 61: Am&Forgn Pw pf (6) Am & For Pw pf (7). Am & For Pw 2d pf.. Am Hide & Leather. . Am Hide & Leath pf. Am Home Prod (3).. Am Ice Co. Am International Am Locomotive. Am Locomotivi 19 3414 ) Hm 308 Add 00. High. Adams Millis (2). 2 13 Low. Close. St 42 lfl’- 2 5814 14Y 1 1% TT% Th 4% 2% 30 Yesterday's Yesterday's Yesterday's Net. Chg | 1 ~Prev. 1033 High. Low. 18% .7 Stock and Dividend Rate Great West Sugar... 1% % Grigsby Grunow. 6% 6% Hat Corp pf. . 1% 1% Havana Elec Ry pf 9512 87'% Mercules Pow pf (7). 80 721 Hershey Choc pf(15) 170 145 Homestake Min (9).. 15% 11'¢ Hudson & Man ("’&) 3% 1% Happ Moto 15! 10% Illinois Central... 384 31 Illinois Cent11 (4) 38% 27% Industrial Rayon (2) 31l 19% Ingersoll-Rand(13%). 2 Inspiration Copper. 4 Insuranshrs Del 15¢. Interboro Rap Trans. Int Agriculture. . Int Bus Mach (6) Int Combustion pf. Int Harvester (60c).. +1% Cent Am. . Int Rys Cent Am pf.. Int Salt (135).... Int Shoe (2) Int Silver. t Silver pf. Int Tele & Teles. 108 208 Sales Add 00. High. 17123 94% 72% Great Wn Sug pf(7). 1208 Low. Close. Chge, 12 85% * 619 1t 881 2% 170 12% ~Prev. 1933~ High. ' Low. 12% +1%| 1% 81 86% —2| 80% 64% Union Pacific (6). K3 681 63 Union Pacific pf (4) 615 — 1| 28% 16% Unit Afrcraft 1 | 15 10% UnitCarbon. /81 10% 5% Unit Corp (40¢). .. 7213 Unit Corp pf (3) 174 Unit Dyewood. . Unit Electric Coal Unit Fruit (2)...... Unit Gas&Im (1.20) . Unit Pee D W pf 6 US & Forn Secur. U 'S & Forn Sec pf. USGypsum (1)..... U'S Gypsum pf (7). U S Hoffman. . U S Ind Alcohol. U S Leather. Leather (A) Stock and Dividend Rate. Un Oil of Calif (1) Net. Sales 54 . 1008 TS P&F Istpf 120, 27 U S Rubber. S Rubber 15t pf. .. mtg & Ref (1) itz &Ref pf 315 Steel Df ( s Tobacco (4.40).. Utah Copper 4 Utll Pur & Lt (A) Add 00. High. ~Prev, Hlm 1933~ Stock and Low. Dividend Rate. 675 Waldorf System (1). Warn Bros Pictures. Wesson O & Sn (50¢) West PaElec A (7)., West Pa Elec pf (6). West Pa Elec pf (7). West Pa Pwr pf (6).. Western Dairy pf B.. Western Maryland. . Western Union Westing’se Air B(1). Westinghouse Elec. . Westinghse 1st (312) Wheeling Steel pf Willys-Overland. Wilson & Co. . Witson & Co (A). Woolworth (2.40)... Worth'n Pump pf A Wrizley (Wm) (3). 21y Yeliow Truck. 3% Zonite Product: Net. Low. Close. Chge. 10% T son| o | e 215 14| Bl% 12% + %| 54 6 +%| 63 2| 101 | 1% T Sales Add 00. High. Low. Close. Chge. 2 6% 6% 2 1% 1% 107 4 4 Sales of Stocks on New York Exchange. 30 AM. 30 .M. Dividerd rates a payments based 90,000 340,000 4% in stock. aPaid tr stock. e Payable in cas ;i stock year- or stock. 3 Plus 81 in special preferred stock 2:00 Noon 10 PN given in the above table he latest quarterly or half-vearly declarations. 5 Unit of trading less than 100 shares. stock. 410,000 e the annusi cash 1 Partly extra no resular rate. 1 Plus 8% Ir b Payable in k Plus 37 Net. AS MARKET CLOSES {Short Covering Lifts List. | Sugar Shares Feature Trading. BY GEORGE T. HUGHES. Special Dispatch to The Star. NEW YORK, March 28.—Both stocks '. and commodities rallied today, the best prices in each case being made toward the close. Short covering was a factor in the stock market, particularly in the stocks which had been under greatest pres- | sure in the immediately preceding ses- sions, among them American Telephone and Allied Chemical There was active buying of the sugar shares in the last hour, a recovery in the farm stocks and an upward move- ment in some of the rails. There was an 0,000 3 Plus h Plus in m Paid Jast year—no regular rate. Am Mach&F .1)130c). % TTZ% Vulcan Detinnin S Eand b Setis nPlus 5% in stock. nothing spectacular about any of these 1 purposes. Offerines of the stock for the cor- | poration’s subscription or acceptance as col are to be made through | the r agen whose recom- | mendati will come to Washington ( For final action. § Application blanks are to be dis- trit to the ncies shortly, but in yew of the mounting requests for as- ce applicants ma; > their of- in wrifing. “i n that will supply the nal Stock Tssues Limited. ferred stock ed by law | This will limit offer most part. to national | s which obtain thmr" m the emergencs | approved by President rch 9 and which pro- | se of stock by the| quest of the Secre- | the s and trust ed stock for depend up- ctive States incorporated,” the i1l the cor it has been deter- und value” of the | t to the deposits in or to be assumed | “a rea- for its to be or by “The corporation will require sonable n of protection” < ases, st n Other Special Regulations. to the margin of pro- i preferred voting rig! g the iscuing institu- s on common stock divi- | pplication of | net profits of the | n to the retirement (1(| from time to time | 1 the corporation | l\')m“ of licies as may ration lvnud stock of the 1s outstanding, mmon _stock | an amount to ween the cor- | n. each six months' | tions. after g. Loan Officers Named. of the Seat Pleas- tion held n in Seat which time of statements 931 and previous cased $12.000 the total to c most e market tomac _ Electric | 103. . After | ing- | Electric 4s figured nover at 87 ay & Electric pre- igured in a light turnover Lanston Monotype was aciive, with sales totaling 43 Iv opened at 381, moved to . and od .at 40. 3 was also in the i . Forty shares | of this { favorite were i demand ks are now | more interest | case for seve: ssion small sales in. 5 Light 6s, series B, at | n Financial District. ) Savings Bank officials an- | over half of the 10,000 stock in connection with the camp: to reopen the bank have now been subscribed. The plan is to Taise $500.000 in new stoc change | ings to a national bank. 1 other local closed banks report | ess toward reopening. The Treasury ¢ lations mest rigid and cannot met in a day or two. . Before the| will grant a license to reopen, | must prove beyond question | that it will be able to carry on as a going_institution.’ The Washington Ticker Club, Chester Lockwood, president. was scheduled to | hold a regular meeting, beginning at $:30 this afternoon, Virginia Bank Gets License. | A license has been granted to Peoples Bank of Rural Retreat, Va.. by the Sec- Tetary of the Tr , states the Rich- mond Pederal Reserve Bank. The bank Tepresents a merger of the Peoples Bank nd the First National Bank of Rural eat. Reopening of Peoples Bank brings to the number of Federal Rescrve mber banks now dcing a normal “banking business out of 338 members in this district. + The American Stores Co. s.ated that due to the unusual conditions prevailing gecently, the report of February sales ©f company was not issued. February gales will be included with the report of h business, Heard Potomac nounce that shares of new be . s 241y 104 Am Metal Co Am Power & L Am I Am PS Am Radiator. . Am Rolling Mills Am Am Sm & Ref 7% pf. Am Steel Foundry Am Steel Fy pf (2). Am Stores : Am Sugar ( An Sumatra Tob. Am Tel & Tel (9). Am Tobacco (5) Am Tobaceo (B) ( Am Tobacco pf (6) .. Am Water Works(1) > Am Wat Wks ctfs(1) Am Woolen pt. . Anaconda Copper. . Anchor Cap (60¢) . Anchor Cap pf (6 Arr of 111 (A) Armour of 111 (B) Armour of 111 pf 101d € Artloom p Asso Dry v G 2d pf. Atchisor Atchison pf ( :+ Atlantic Cq Atlantic Refining(1). Auburn Auto (2)..... viation Corp (Del) 81, Baltimore & Ohio.. + Baltimore & Ohio pf. Barnsdall Corp. Reatrice Creamery Beec tPks (3). Bendix Aviation Best & Co « Bethlehem Steel ethlechem Steel pf. low-Sanford. : Bohn Alumn & Brass Borden Co (1.60) . Warner Add Mach (40¢) Bush Termin 5 Byers (A M). « California PacKing. non Miils (1). se (J I) Co.... Case (J1) pf (4). > Caterpillar Tractor Celanese Corp. Cent Asuirre (1 Cerro de T Cortain-teed Prod Checker Cab Mfg. . “hes & Ohio (218) Chesapeake Corp Chi Mil St P & Pac Chi Mil StP & Pac pf. Chi & Northwestern. Chi & Northwest pf.. Chi Pnenmatic Tool. ot L Cotton Oil Childs Company Chile ( & C o “olo Fuel & Iron. ... “oiumbia Gas (b1). arbon (2). al Credit. . edit (A) Comcl Inv Trust (2). Comel Solv (60c). h & Southn. . ) & Sou nfi6) airn (60c) . . ‘unol Ol ¢ “onso! Ol 1 tonsol Text ontl Diamond “ontl Insur (1 “ontl Mot “ontl Oil (Del) . “orn Products (3).. “orn I rod pL(T)..es ¥ Inc. . Cream of Wht Crosley Radio. Crown Cork & Seal. . ‘uban-Am Sugar. iban-Am Sugar pf. Curtis 4%, Cutler Hammer..... Delaware & Hudson. Del Lack & Westn Detroit Edison (4). .. Diamond Match (1).. Dome Mines (t1.30). Dresser(SR)Mts (B) Drug Inc (3). Dupont de Nem (2) . Dupont deN db pf(6) sastman Kodak (3). n Mfs Co. . lec Auto-Lite lec & Musical Ins Pwr&Lt.... Pwr&Lt$6 pf... Pwr&Lt $7 pf. c Storage Bat (2). quita Met)l’l'ld!l). < Gen Am Investo: Gen Am Tank C. n Asphalt n Baking (2). )le pf Gen Foods (2)..... Gen Gas & Elec (A) Gen Mills (3). Gon Mills pf (6)... Gen Motors (1). 4 Gen Printing Ink. . Gen Public Service. Gen Realty & Gillette Saf I Gillette Saf R pf (5). Gimbel Bros dden Co. .. Gold Dust (120). Goodrich (BF)...... odyear Tire&Rub. Graham-Paige. 15% Grant (W T) (1). 6% Great Northern pf. 5% Great Northern Orewe L 11; Interstate Dept St. 23% 121, Johns-Manville. ... 50 Jones & Laugh pf(1) 675 <ayser (J) & Co 8 Keith-Albee-Orph pt. 314 Kelvinator Corp. 73 Kennecott Copper. 7 Kimberly-Clark. Kresge (S S). Kroger Groce: Lambert Co (4) Leh Port Cement. ... y R R : Lehman Corp Leln & Fink (2).. Myers(t Loew's Inc (1) Loews Inc pf (6%2) Loft Inc. Loose-Wi Torillard () (1.20). Louisville & Nash. yre P M(t1%). sport TP (4). McKesson & Rob pt.. Manhat Elev mod ;Jd ine Midid (80¢). vprof.. Mathieson Alk (133). May Dept Stores (1). Meng, 2 e1Copf.. ... Mid Continent Petm. Midland Steel Prod. . Minn Moline Pow Mo Kan & Texas. . n & Texas pf.. sourl Pacific. ri Pacific pf Montgomery Ward. . Motor I‘l’ml'v(‘ ¢ Corp. Nasii Motors Y Investo NYNH&E N Y N H & Hart pf N Y Ont & Western. . Shiub'ldg (10¢). team pt (6 anda Min (a1.10). N No ern Pacific. Norwalk Tire & Rub. 4% Ohio Oil. . 1's Oliver F 31, Oliver F 1014 ¢ Otis : Otis Otis Steel pr p 2 Owens 11 ¢ & rd Moto rarthount Publix » Mines. . Penney (1C) (1 Penny (1 C) pf (6) + Penna RR (hi0e) \ Peoples Gas Chi (5). + Pere Marquette pf. .. Tere Marquette pr pf Petrol Cor acCorp. Tullma Pure Oil Tadio Corp. 4 Radio Corp pf (A) Corp pf (B). Radio-Keith-Orp Raybestos-Man (60¢) Real Silk Hosiery pf. Remington-Rand Revnolds Tob B (3). Richfield Oil : Rossia Ins of Amer.. feway Stores (3). feway Strs pf (7) St Joseph Lead. St L-San Francisco. . St L-San Fran pf. ... Schulte Retail Stores Scott Paper (1.40). ars Rocbuck. ... Senecca Copper. Servel Inc. .. Sharp & Dohme. Shell Union Oil. . . Sheil Union Ofl pf. Simmons Co Skelly Ofl. . Skelly O11 pf ww i Sloss-Sheff Steel pf.. Socony Vacuum 40c. So Port Ric Suz 1.60. « Southern Cal Ed(2).. « Southern Pacific. uthern Railwa Southern Railw Spalding (A G). .. Spalding(AG)1st pf. Standard Brands (1) Stand Gas & Llec. Stand Gas&El pf (4). Stand Gas&El pf (6). Stand Gas&ELpf (7). Stand Oil Calif (2).. Stand Oil Exp pt (5). Stand Oi1 N J (1) Stewart Warner. Stone & Webster. 4 Studebaker Corp. Studebaker Dt Superior Oil. ‘Texas Corp (1). .. Tex Gulf Sulnhur(!) 13 Tex Pacific Coal&Ofl. 4 Tex Pacific Land Tr. 3% Tide Water Asso Ofl. Tide Water Assoc pf. Timken-Detroit Axle Timken Roller Bg(1) Transamerica Corp. . Tri-Contl Corp 20'% Trico Products(23). 2 Truscon Steel....... 7__Twin City Rap Tr pf. 19% Union Carb&C (1) ea + | % - % “Z8% & N DIVERSION OF ROAD | TAXES DENOUNGED U. S. Official Objects to Use of Gasoline Levies for Alien Purposes. BY CH Associated Impairment of capital in road build- ing is seen by Thomas H. McDonald. chief of the United States Bureau of Public Roads, by diversion of gasoline and other special motor taxes to alien purposes. In commenting on the tendency of State Legislatures to take such reve- nues from highway purposes, the road chief said that such contemplated re- ductions are serious enough to endan- ger both our large capital investments in highway construction and the tech- nical organizations of our highway de- partments. These organizations, McDonald says must be protected to hold what prog ress we have made. adding that our whole improved road mileage is ab- solutely dependent for its existence on the day-by-day highly organized main- tenance operations under experienced supervision and control. “The public has no conception the fragile character, measured by t durability, of perhaps 75 per cent of our surfaced mileage.” McDonald declared in an interview. “The fragile c of this mile y estimate that the lack of s ‘nance would be noticed seriously of our road mileage within 6 mo: would be Xnimfi money so [ast, t n and drops in gas ta nat we would not hav take care of the fi and maintenance alone of ruining our chances of even ap- proximating the upwards of a billion | dollars income from the road user taxes obtained last year from adequately maintained roads.” Mr. McDonald declared the subject was one of national concern. adding thal it is impossible to overstress the hazard to the public's interests in any breakdown of maintenance and tech- nical control by highway departments. CRUDE OIL OUTPUT HIGHER DURING WEEK i Daily Average Production for U. S. Shows Gain of 83.157 Barrels. nothing strained flow homa City an the national output up last week, increasing the dally average | 83.157 barrels to 2.284.055 barrel. the Oil and Gas Journal Oklahoma production was barrels a day. an increase f barrels last w | ductien was 100,000 barrel to 250.74 d to drive reported from 148,440 Nast week barrels d on dropped f; 714, reporte cther pools boo ted frem 934442 barrels to D drop from 415000 000 barrels a d-y. due to tdowns caused by the earthquake, failed to stem the flood tide of produc- tion. { . Kansas production increased from 115,880 barrels to 122,740 barrels. t- : | ern pools were steady at 104.000 barrels Rocky Mountzin producti‘n decreased émm 76,292 barrels to 75.934 barrels a ay. . TELEPHONE REVENUE DROPS IN BALTIMORE Decrease of $64,288 Is Reported for February Con;pared to Same 1922 Month. BALTIMORE, Merch 28.—Net oper- ating income of the Chesapeake & Potomac Telephone Co. of Baltimore City in February showed a decrease of $64,288 from the same month in 1932, the repcrt of operations just filed with sion shows. Operating revenues in February were $979.160 as compored with $1,115.180 lact year, a decrease of $136,020. Oper- ating expenses were $681.207 as com- pared with $750,276 for February, 1932 Revenuss from out-of-town telephone calls in Maryland in February amounted to 76.11 per cent of the revenues f the same month in 1932. | NEW YORK BANK STOCKS NEW YORK, March 28 (#).—Over- the-counter market: (Quotations as of 2 o'clock.) Bid. Bank of Manhattan Chase National (2) Commercial (8) Fifth _Avenue First National National _City Public (2) (1% 7] (100). 0 a). ‘TRUST COMPANIES. Bankers' ¢ Brooklyn Tt Central Hano Chemical (1.80) Continental ‘(1 1, | Corn Exchange T Empire (160} . hlGllnrlnlY <0 . Irving (D) . 14 | Manufacturers . 12| New york Tiue Title Guaranty & United States (60), % eInclu (T3 New York Trust (5). Tr extra, 2 mon! the Maryland Public Service Commis- | CORPORATION EPORTS ’I'KE\D§ AND PROSPECTS OF ADING ORGANIZATIONS. NEW YORK, March 28—Following todey’s summary of corporation news prepared by Standard Statistics Co., Inc, New York, for the Associated | Press. lumzmn;, Printing and Publishing. International Printing Ink Corpora- tion declared regular quarterly dividend of $1.50 on preferred stock Automobiles and Trucks. Ford Motor Co, agenham t of company closed because of e against a wage reduction icals and Fertilizers. Solvents Corpo alcohol from in anticipation of Govern- and St legislation providing inclusion of about 2 per cent alcohol gasoline sold. S. Industrial Alcohol Co. pre- to manufacture corn aleohol in . of Government and State providing for the inclusion per cent alcohol in all gaso- corn T ment for th lne sold. Electrical E Apex Elec ipment and Radio. Manufacturing Co. dividend on 7 per cent preferred stock tion of American—De- ce Tefuscs to approve £ Owen D. Young as a { company in addition to re- milar position with Gen- c Co Machinery. Advance-Rumely Corporation 1932 de- Cum pr Radio C rr' el T Comrvqnnn took no vidend on pre- u’\ on which was action on g ferred stock. la 75, Januar Railroad and Railroad Equipment. itral Railroad of N. J., Februar} net operating income off 9.8 per cent; 2 months up 4.4 per cent ago, Milwaukee, St. Paul & Pa- jary net operating $344,092 Vs t $93.256: 2 s operating deficit, $663,560 vs sland & Pacific Rail- t operating def sperating incom February, 1932: 2 mon g deficit. $613,402 vs. net e, $270.454. Maine Central Railroad. Februar; operating income off 10.4 per cent months up 79.9 per cent Missouri Pacific Ra net operating income off 65 per is off 40 per cent Nashville, Chattanooga & St. Louis February net operating income $20.766 in February. 1932: totals were net net t operating ir oad February cent; Pacific R d s. net income months deficit net ome $1,075.156. & Pacific Railway Februa deficit after charges, $211.579 vs. deficit 91,288 in Feb: . 1932; 2 months’ deficit $378.569 vs. a deficit 0f $771.43 Wheeling & Lake Erie Railway Feb- hern ating ating rating Texas | | | ruary net railway operating income up 21.8 per cent; 2 months up 78.2 per cent. Retail Trade. Best & Co. common share earnings, year ended January 31, $1.05 vs. $3.02. Sears, Roebuck & Co—Stockholcers | approved reduction from $50 to $25 a | capital stock, share in price of the 150,000 shares of stock reserved for sale to employes and certain officers. Steel and Iron. Centrifugal Pipe Corporatian deficit $808.330 vs. deficit $6: 69 Inland Steel Co. plans to advance price of galvanized sheet $2 a ton be- tween April 5 and April 10 National Steel Corporation—First quarter earnings of company will in excess of 12!, cents dividend chairman stated. Utilities. American & Foreign 1932 terms of United States dollars American Telephone rates of Wisconsin Telephone Co., sidiary, by 121, per cent. Brooklyn-Manhattan Trznsit Corpo- rat Charles Hayden, H. B. Swope and A. H. Bunker named t» represent security holders in unification discus- sions with mayor of New York Cit. New Orleans Public Service Co. de- clared dividend of 87!, cents on pre- ferred stock. Previously $1.75 was paid quarterly. Philade!phia Traction Co—Beczuse wiil Philadelphia Rapid Transit Co meet only cne-half of its $800.000 rent on April 1, 1933, company announced would pay to stockholders only 5 of the April 1. 1933, s dend of $1.90 a share. Philadelp! id Transit hopes to remit remainder dend on ’ rental on cr before \13) 15, 1933. U. S. TREASURY BALANCE e Associated Press asury receipts for March 25 were expenditures. $11.247.- balance, $523.492.15452. Cus- &445\;2125 for 25 days of March were PARIS BOURSE PRICES, PARIS, March 28 (#).—Three rentes, 71 francs 50 centimes; T 87.10; ex . 86.97. The dollar was quolcd Refunding Plan Announced. NEW YORK, March 28 () 7.~ Holde of $2,122.,000 bonds of Galve derson Railroad Cu are asked to obligation $300 in new first lien and re five-year 5 with assista Finance Corpor vice president of the road. Substantially all of the holders must assent before the proposal can be declared ope: The R. F. C. has agreed to lend & cient funds. ng Apn. 1 cach $1.000 h and $500 in nding mortgage under a plan worked out uction s G. G. Moore, Allied Chemical Dividend. EW YORK. March 28 () —Di- rectors of Allied Chemical & Dye Cor- poration today decléred a regular quar- terly dividend of $1.50 a share on the common stock. pavable May 1 to stock of record April 11 The company has made no change in its dividend rate during the depression. Citallished 1904 RaxvpaLL . llacy TR & COrMIPANY INCPRPORATED Ruan Estare / 132/ Z:w)/(’(‘ el —fA"r’)/l(('. p I // O Competent Management of Rental Properties in All Sections of the City MORTGAGY LOAN GORRESPONDENT PROPERTY Apartment House MANAGEMENT M ANAGE HY subject yourself to the annoyances and problems in connection with the manage- ment of your apartment house properties when by placing them in charge of our Property Management Department you can be relieved of all details? The service our Property Management Department ren- ders is very complete and com- prehensive—and we shall be glad to advise with you con- cerning it. B. F. SAUL CO. 925 15th St N.W. MORTGAGE NAt'l 2100 LOANS be on Power Co.-—- Cimpany’s Chilean susidiary has been permitted to increase electric rates as an edjustment of exchange becau e of the depreciation of the Chilean peso in & Telegraph Co—Supreme Court has remanded for further finding of facts the case involv- ing Wisconsin Public Service Commis- sion’s order temporarily reducing local sub- | rallies, but they were a welcome relief after so many days of reaction. Declaration of the regular dividend on the common stock of American Can, | announced in the late afternoon, fol- ‘]nwmg carlier news that Allied Chem- !ical had also ordered the regular pay- ment on its junior shares, stimulated the covering. Wheat closed 1 to 1% cents higher. Comn was up iractional Sugar futures rose as much as 5 points and cotton was strong. In the foreign francs and Swiss exchanges French francs advanced, but the other European currencies declined. Fluctuations were narTow both ways The opening was slightly lower, but the list hardened d the first hour and ranged well above its preceding close on limited volume. There was no improvement rican Tele- phone. which brck h 90 for the first time this 1932 low | made in mid I.. 50 that stock has still c distance to go to duplicate arket mini- mum. There wa the compan less in good p: On the side Mining w advanced record. E! gave the IIML\\H‘ o was doubt- origin. stake stock ighest on the rails themselves orite. earning best account orable earnings The & 4 both "rr\\s y over that month a two months of the Vestern earned Allied Chem; n ere unable to hold General Ei ing the st vealed heavy. ignor- position re- General s coal showed week ended with the pre- that follows comparable the Mines’ as_comparec In the tabl i ven fi ounced by 160.000 tons 18.000 tons 38.000 tons FOR SALE £3.000 First Trust Notes. or any part therect. vielding 67 <ecurcd by detached NW. modern brick house. Client must m purcha ed at a discea interest SOTERIOCS NICHOLSON ATTORNEY 1424 K NW. Dist. 1981 " CHASE BANK John D. Rockefeller, Jr. is the largest siockholder of this larg- cst bank in the worid. Continuous ividends for 58 vears and pres- ent low price of stock entirely un- warranted. On outright. ccnservative margin or monthly pasments. Circular on Reguest ROEERT C. JONES & CO. 23-24 reh 185, 3 can be acerued & Queen Insurance Company cf America Total income . DISBURSEMENTS. Net amount paid policy- holders for losses s I cther disbursem Total disbursements ASSETS Mortgage loans on real estate 2 Bonds “and 'stocks Cash in company’s office Depasits in_bank: 52042 Agents’ balanc 8115040 ed . 1.108 44 T assets i <155.500.00 10,400 482 80 Gross assets t assets mitted ... Total admitted sets c LIABILITIES. Net unpaid claims Total unearned premiums *Other hiabilities Capital paid up Surplus - over T e Total . $1.000.663 X ail’ NET PREMIUMS WRITTEN DURING THE YEAR District of Tatal Columbia, $5.500.267 28 €20,067 04 Hl 9.11 Fire . Ocean marine 7.918.22 transpor t a - tion .. Tornado,” wind- storm and cyclone Hail Sprinkier’ leak- age Riot. civi] motion. explosion Al other craft Totals *Incluces $3.319.306.56 F. P_HAMILTON. President. S. F. NININGER. Secretary. Subscribed and_sw to "before me this_2nd day of sl “” ATBRRT ) JOHNSTONE, Notary Public. Nasswil County ~Cert. filed in New York Co New York Co. Clerk's No. 170. New York County Register's No. o SHANNON & LUCHS CO., Agents NA. 2345 1505 H St. N.W. air- 09.957.60 $33.930.59 cy reserve of