Evening Star Newspaper, April 6, 1933, Page 14

A—14 ¥xx FINANCIAL, .TWO LOCAL BANKS , DECLARE DIVIDENDS +W. L. & T. and Metropolitan | Order Payments to Their Stockholders. THE EVENING TRANSACTIONS ON THE NEW YORK Received by Private Wire Direct to The Star Office. STAR, WASHINGTON, D. C., THURSDAY, APRIL 6. 1933. FINANCIAL.' “STOCK EXCHANGE | STOCK PRICES GAIN Yesterday's Yesterflay's Stock and 1933~ Low. Dividend Rate. Add 00. High. 19% Proctor & Gam(1%). 20 26% 33% Pub Sve N J (2.80)... 80 Public Sve NJ pf (6). 18 Pullman Corp (3). Net. Low. Close. Chge. 21% 50 18% 14% 7 ~Prev Hixh. Yesterday's Net. | —Prev.1833~ _ Stock and Sales Low. Close. Chee. | Hish. 'Low. ~ Dividend Rate. Add 00. High. 3% 3% + %| 26% 16% Freeport-Texas (2).. 1 22 3y =2 42 Gen Am Invpfww 6. 13% Gen Am Tank Car(1) 13 Gen Baking (2). 614 Gen Cable pt 29 GenCigar (4). 10% Gen Electric (40¢) 3 Gen Elec spee (60¢) &% Gen Foods (2).... 1 %« Gen Gas & Elec (A). Gen Mills (3). Gen Motors (1), Gen Motors pf (5) Stock and Dividend Rate. Adams Express. 8% Adams Millis (2 10% 6 Addressograph. . i 10% 7% Affiliated Prod 1.20. 8% 6415 47'% Air Reduction (3).... 58 +14 14% 11% Alaska Juneau(60c). SN+ % % Alleghany Corp. .. .. b 3% 1 Alleg Corp pf $30ww. 1 + % 2% 1% Alleg Cp pf $40 ww.. 89% 70% Allied Chem & D (6). 121% 116% Allied Chem pf (7)... BY EDWARD C. STONE. 915 6 Alls-Chalmers Mfg. Two large local banks have just 2214 181 Amerada Corp (2)... ~Prev. 1933 High. Low. 5% 3 16% 3 Rate. Add 00. High. 9% Und-Eli-Fisher(50c) 9 Tos 109 Bales Add 00, High. 17 3% Und-Ell-Fish pf (7). Tnfon Carb & C (1).. 3 n Ofl of Calif (1).. <l Union Pacific (§ 5% Purity Bakeries (1). Union Picific pt (4). Radio Corp Un Tank Car (1 40) Radio Corp pf (B)... i L Radio-Keith-Orph. .. Lo o iy Raybestos-Man (60c) Unit & k- "‘-0; Reai Silk Hoslery. ot Remington-Rand Talt Cixp pL (2). Roo MOOECM: Unit Fruit (2). Republic Steel . Lk 50 19% Rails, Industrials and Utili« ties Participate in Advanc- ing Quotations, '° 5 5% BY GEORGE T. HUGHES. Special Dispatch to The Star. 13% T4 Am Ag Chem (Del).. declared quarterly dividends to be paid gt o 1 Am Beet Sugar. 2% Am Beet Sugar pt 9% Am Brake Sh&F 60c., 60 Am Brake Sh pf (7) 4914 Am Can (4). Am Can pf (7) o Am Car & Foundry. . Am Car&Foundry pf. Am Chicle (13)...... ‘Am Comc'l Alcohol. . Am & Foreign Pwr. . Am&Forgn Pw pf(6) Am & For Pw pf (7). Am Haw Stship (1).. Am Hide & Leather. . Am Hide & Leath pf.. Am Home Prod (3)... Am Ice Co. . Am Ice pf (6). Am International Am Locomotive. ..... Am Locomotive pf. .. Am Mach&Fdy (80c). Am News (136)...... 4 Am Power & Light. . 9 AmP&L$5pf (1%4).: 9% Am P&L $6 pf (1%) 4% Am Radiator. ., 8 Am Radiator pf (7) 5% Am Rolling Mills. ... 20% Am Safety Razor (3) 113 Am Shipbuilding (2). 10% AmSm&Ref....... 20% Am Sm & Ref 6% pf. 31 Am Sm & Ref 7% pf., 3215 Am Snuft (13%) 4% Am Steel Foundry 373% Am Steel Fy pf (2).. 30 Am Stores (12%). 21% Am Sugar (2). 6 Am Sumatra Tob. ... 87% Am Tel & Tel (9).... 49 Am Tobacco (5)....., 50% Am Tobacco (B) (5). 10'% Am Type Fdrspt.... 11 Am Water Works(1) 35 Am Wat W 1st pf(6). 315 Am Woolen 22% Am Woolen pf.... % Am Writ Paper ctfs., 2% Am Zinc & Lead..... 5 Anaconda Copper. 8% Anchor Cap (60c). 41 Armour of Del pf(7). 1% Armour of 11l (A)... % Armour of 111 (B). 7 Armour of Il pf. 2 Artloom Corp. 314 Asso Dry Goods. 34% Atchison. . 50 Atchison pf (5). 16% Atlantic Coast Line. 12% Atlantic Refining(1). 31% Auburn Auto (2) 7 Austin Nichols. 5% Aviation Corp (Del). 8% Baldwin Locomot. .. the near future. e e feguiar monthly meeting of he board of directors of the Washing- :cn Loan & Trust Co. late yesterday, a dividend of $2 per share was declared, payable May 1 to stockholders of record on April 24. This makes a total of $7 a share paid on the v;ru,st rcompmys uring the current year. .wlg;r%mrsgof the National Metropoli- tan Bank, at their monthly meeting yesterday, declarcd a dividend of 3 per cent on the capital stock of the bank, payable April 15 to stock of record April 8. The books are to be closed for the transfer of slnc&(} {m;n April 6 to April th dates inclusive. 1 pother dividend just declared in which there is considerable Jocal in- terest has been voted by Loews, Inc..ll}e regular quarterly dividend of $1.6212 a share on the preferred stock, being payable May 15 to stock of record Apmll 2% of Washington the most in- teresting dividend declared yesterday was voted by the Homestake Mining Co., in San Francisco, which added an “extra” of $1 per share to the reguln'r vidend of 75 ceknts.'zcmkhigl:; le April 25. Homestake s ;Eezmtpthe highest priced issue on the ork Exchange. N o Exchange Bank Trust Co. of New York has declared a quarterly divi- dend of 75 cents, placing capital stolc!t on a $3 basis against $4 paid previous! ‘i The dividend is payable May 1 to stocl of April 20 record. City Borrowing Virtually Stopped. indicating the virtual cessation of BhAa! and municipale borrowing since the bank holiday, the Daily Bond Buyer of New York reports new issues of State and municipal bonds in March aggre- gating only $11,778.267, not including $31,004,821 loans advanced by the Re- construction Finance Corporation. In February, total loans aggregated $64,- 950,771, of which $48,566,841 were Re- construction Finance Corporation ioans. New financing authorized by the voters of 16 municipalities in 11 States during March amounted to $3,205.082, + bringing the quarterly total to $4.974.- §000. This compares with $3,262,600 in §MB.l‘ch. 1932; $46,610,994 in March, $1933, and $33,741,500 in March, 1930. {The taxpayers of the Chicago, IlL, i Lincoln Park district authorized the {issuance of $2,787,000 refunding bonds. ! All other authorizations were in amounts 1 of $100,000 or less. A. & P. Net §10.02 a Share. ! In the face of the most severe eco- + nomic depression ever experienced by i the company, causing sales and net { profit declines from the preceding cor- : responding period of 14.3 per cent and 2369 per cent, respectively, the Great i Atlantic & Pacific Tea Co. closed its i fiscal year last February 25 in the 1 strongest financial condition in its his- } tory. Cash and short-term Government | securities, accounting for 63 per cent of { current assets and 52 per cent of total ! assets, totaled $99,084,683. : " Net profit of $22,732,772 last year was { equivalent, after preferred dividends, to 1$10.02 a share on the outstanding 2.- 1 086,748 shares of common stock. It red with $29,792975, or $13.40 a ! year the company’s earnings showed a 'm profit margin of 2.63 cents, against 12.95 cents in 1931, 2.88 cents in 1930. *However, 0.30 cents of this margin last Year was derived from interest on large §holdings of cash and Government se- # curities, against 0.13 cents in 1931. Bends Lead Local Exchange. Bonds were in the best demand on #the Washington Stcdck Exchange today, *in_fairly active trading. . Wash{ngtan Gas Light 6s, Series B, opened the session with a small sale iat 103, prscucnuly unchanged from the tlast previous sale. ¢ Ch;apenke & Potomac Telephone of Virginia 5s figured in a $1,000 trans- “fer at 103% and $1,500 Chesapeake Gas Light 5s came out at 10115, In the stock division, 12 shares of Potomac Electric Power 5, per cent .preferred stock moved at 107. + Washington Railway & Electric pre- ferred recorded a 43-share turnover “at 81, practically the same as other re- cent sales. There was a very wide spread on the exchange today in the bid and asked prices of Lanston Monotype stock, the imarket closing with 44 bid and 59 asked. The Mergenthaler quotations closed, 21 bid and 25 asked. American Telephone is now being quoted ex dividend, the regular dis- bursement to be made soon. Gleaned in Financial District. The Treasury invites tenders for $75.- | 000,000 or thereabouts of 91-day bills'to be dated April 12. Tenders will be re- ceived up to 2 pm. April 10. The bills will be sold on a discount basis to the “highest bidders. The issue meects a ma- turity of $75.090,000 of short-term bills. The First National Bank of Havre de Grace, Md., has been authorized to open on a 100 per cent basis, according to Hugh Leach, man2ger of the Baltimere branch of the Federal Reserve Bank of Richmond. W. M. Coale, conservator Jor the institution, will be released. The Taneytown Savings Bank, Taney- {town, has been authorized by the State bank commissioner, John J. Ghingher, to incre:se the percentage of payments re- Jeased to depositors to 5 per cent, from 2 per cent. The Southern Railway Co. has asked special permission of the Interstate Commerce Commission to enable it to reduce fares in passenger coaches to a Dasic rate of 11 cents a mile. The re- duction would apply on all system and intrasystem hauls, but not to inter- m transportation. The move fol- lJows the establishment by the Louisville ‘& Nashville of a 2-cent farc rate. U. S. TREASURY BALANCE. By the Associated Press Treasury receipts for April 4 were $6 117,142.70; expendit $18,784,103 2 balance, $465,921.3: Custom duties for four days of April were §2,351,102.34. CHICAGO DAIRY MARKET. CHICAGO, April 6 (#) —Butter, re- ceipts, 7924 tubs; stead: creamery specials (93 score) 19al extras (92) ;- extra firsts (90-91), 1815 firsts, , 18 standards (90 centr: E: Teceipts, cal, 12; 1 Jocal, 1115; current receipt age packed firsts, 13} extras, 13%4. NEW YORK BANK STOCKS NEW YORK, April 6 (#).—Over-the- counter market, (Quotations as of 2 o'clock), |Fifth Ave (41a First Natl (100).0 Natl City (2 P ublic (2) ....- Tt TRUST COMPANIES | Bankers (3)..... | Bklyn_Trust’ (107 Cen Hanover (7a) Chemical (1.K0) ! Gontinental * (120} ) 13% 3% 12 12% 75 62% 91y 20 40 22% 814 12 1% 8 6% 15% 12% 15% 4% 51 12 50 11% 13% 167 361 14% 26% % 5% 31 80% 5 34 4% 36 4% 8% 1% 15 12% BN 1% 128% 112 614 15 34 13 3% 61 o EC L T P PP RO P ARG - PP 2 9% Baldwin Locomot pf. 100s 8% 9% 27 7 45 Baltimore & Ohlo. ... Baltimore & Ohio pf. Barnsdall Corp...... Bayuk Cig 1st pf(7). Beatrice Creamery. . Beech-Nut Pkg (3). . 314 Belding-Hemingway. 6% Bendix Aviation..... 9 Best&Co..... 10% Bethlehem Steel #2514 Bethlehem Steel pf. . 9% Bohn Alumn & Brass 18 Borden Co (1.60).... 5% Borg Warner. .. 2% Briggs Mfg Co 21% Bklyn Manhat . 64 Bkiyn Man Tr pf (6). 1% Brunswick-Balke. 2 Bucyrus-Erie... . 2% Bucyrus-Erfe cv pf.. 20% Bucyrus-Erie pf (2). 110 2% Bullard Co...uu..uen 6% Burr Add Mach (40c). 1 Butte & Superior.... 815 Byers (A M). 7% California Packing. . 2 Calumet & Hecla.... 7% Canada Dry G A (1). 7% Canadian Pacific. 14 Cannon Mills (1) 30% Case (J I) Co 5% Caterpillar Trac 4% Celanese Corp.... 14 Celotex Co. . . 14 Cent Aguirre (1%).. 52 Century Rib M pf(7). 5% Cerro de Pasco...... 24% “hes & Ohlo (273). .. 147 Chesapeake Corp (2). % Chi & Eastern I11 pf.. 1% Chi Great Western. . 215 Chi Great Westn pf.. 1% Chi Mil St P & Pac... 134 Chi Mil StP & Pac pf. 1% Chi & Northwestern. 2 Chi & Northwest pf.. 2% Chi Pneumatic Tool. 5% Chi Pneu Tool pf. ... 2 ChiRock I& Pac.... 3% Chi R1& Pac 6% pf. 4% ChiR1& Pac7% pf. 5 Chickasha Cotton Oil 7% Chrysler Corp'n. .... 7% City Ice & Fuel (2) .. 46 City Ice&Fuel pf 6%. % City Stores. .... % 10 Cluett-Peabody (1).. 90 Cluett Peabody pf(7) 100 73 Coca-Cola Co (T}. ... 7 Colgate-Palm-P (1) 3 Collins & Atkman. 3% Colo Fuel & Iron . 9 Coiumbia Gas (b1).. 59 Columb Gas pf A(6) 6% Columbia Pict Vic. ... 231 Columb Carbon (2).. 4 Commercial Credit. . 18% Comel Cred pf B (2). 18 Comel Inv Trust (2). 9 Comel Solv (60c). ... 1% Comwlth & Southn. . 22 Comwlth & Sou nf(6) 7% Congol-Nairn (60c).. 3% Jonsol Cigar..... 31 Consol Cgr pr pf 6% 5% 6nsol Film pf. 40 Consol GasN Y (4 €8 Consol Gas NY pf(3). 214 Consol Laundries. 5 Consol Ol Corp. . 1'4 Cons RR of Cuba pf.. ' ontainer Corp (B) 4 Contl Baking (B). 36 Contl Baking nf (4) 5% Contl Can (2). : 10% Contl Insur (1. 1 Contl Motors. .. 7 Contl Ol (Del). % Corn Products (3) Cream of Wht 2% .. 14% Crown Cork & Seal. 16 CrucibleStecIpt. ... 15 Cuha Co. . 213 Cuba R R pf 1's Cuban-Am Sugar. 10 “uban-Am Sugar 20% Cudahy Packing 2%, 615 “artis Publishing 11 Curtiss-Wright..... 2 Curtiss-Wright (A). 37% Delaware & Hudson.. 17% Del Lack & Westn 48 Detroit Edison (4). .. 79% Devoe & R 1st pf (7). 17% Diamond Match (1), 12 Dome Mines (11.30) 10%: Domimion Store: 10' Doug Afreraft ( 6% Dresser Mg (A). 29 Drug Inc (3)... & Dupont de Nem (2).. % Dupont deN db pf(6) astman Kodak (3) on Mfg Co. . lec Auto-Lite. ctric Boat. lec & Musical Instr. cPwr&Lt....... ¢ Pwr&Lt §6 pf. .. c Storage Bat (2). dicott-Johnson (3) 3% Erle RR. I 4% Erie R R 1st pf. 215 Fairbanks-Morse. ... 5 Federal Lt&Tracion. 18 Fed Mines & Sm pf.. Tt Fed'd Dep Strs(60c) 10% Fidelity-Phoen 1.20. ., 8114 Filene's Sons pf 63.. 914 Firestone T&R(40c) « 43 First Nat Strs (2%). 13% Fourth Nat Inv 1.10., % Fox Film (A).. I~ sabealog nBZoamSmam 9 s Rrowme omenn muer = 56 15 4 80s 3 2 s 1 25 1 % 117% ke 18 36 17% 4 64 T 54 3 17 397% 9% Ny 5814 61% 10 114 35% 5% 28% 1 3% T4 12% 4618 1 1% 13 2% 4% 3914 503 18 15 43% 12% 1% 6 56'% 27 21 17 % 331% 26 9 1% 2% 47 19% 10 12 bt 1 +1% + % +1% wh - + % +1% +2% +1% + % +1% +2% + % + W +214 1 + % +1 + % +1% + % + W + % +2% + % — % + % + % +1% +1 S + % +274 L) +1% +1% + % 81% +1% 0+ % 7% 46% —1%| 48 7 L 5 134 Gen Public Service. Gillette Saf Raz (1).. Gillette Saf R pt (5). Gobel (Adolf). Gold Dust (1 20) Goodrich (B F). Goodrich (BF) pf... Goodyear Tire&Rub. Goody'r T&R 1st (2). Gotham Silk Hosiery Graham-Paige . % Granby Consol Grand Unfon. . . Grant (WT) (1).... Great Northern pf... Great Northern Ore. Great West Sugar. .. Great Wn Sug pf(7). Grigsby Grunow.... Guantanamo Sugar. . Gnantanamo Sug pf. Guif States Steel. ... 2615 Hacken Wat pfA 1% 28%% 2% 17 28% 23% 62 10% 341 wl 1'% Hahn Dept Stores. .. % Hayes Body... 15 Hercules Powder 11 1% Hershey Choc (3). Homestake Min 110. . Houdaille-Hersh(A). Househd Fin pf 4.20. 8% Houston Ofl... - 1% Houston Oil (new).. 54 Howe Sound (40¢) 3 Hudson Motor Car 1% Hupp Motors. . 8% Illinols Central. ... % Indian Motor Cycle. . 5 Ind Motor Cycle pf.. 24 Industrial Rayon (2) 19% Ingersoll-Rand(1%). 12 Inland Steel. 2 1% 1% 4% S Insuranshrs Del 15¢ Insuranshares (Md) Interboro Rap Trans Intercontl Rubber. 2% Interlake Iron. % Int Agriculture. 5 Int Agriculture pf 75% Int Bus Mach (6). 614 Int Cement. . 13% Int Harvester (60c) 80 Int Harvester pf (7). 2% Int Hydro-Elec (A) 1% Int Merchant Marine 6% Int Nickel of Can.... 1% Int Paper & Pwr (C). 13% Int Salt (1%). . 24% Int Shoe (2). 93 Int Silver. . 241 Int Silver pf. 5% Int Tele & Te 1% Interstate Dept St. .. 11 _Island Creek Coal(2) 23 Jewel TeaCo (3).... 12% Johns-Manville..... 42 Johns-Manville pf 2% Kaufmann Dept St.. 6% Kayser (J) & Co..... % Kelly Spring Tire. .. 6 Kelly-Sp Tire 6% pf.. 3% Kelvinator Corp. 7% Kennecott Copper. .. 6 Kimberly-Clark..... 514 Kresge (SS).. 1415 Kroger Grocery (1 2214 Lambert Co(4) % Lee Rubber & Ti Lehigh Valley R R.. 37% Lehman Corp (2.40).. 4% Libbey Owens Glass. 49% Ligg & Myers B (15). Ligg & Myers pf (7). Laly Tulip Cup (1%). Liquid Carbonie. . 814 Loew’s Inc (1).. Loews Inc pf (6%) % Loft Inc. Loose-Wi 2). Lorillard (P) (1.20). 4 Lorillard(P)pf (7).. W Lou Gas&ElI A (1%). Louisville & Nash. ..+ McAndrew Forbes(1) McCall Corpn (2).... MecCrory Stores pt MeclIntyre P M(11%). McKeesport T P (4). % McKesson & Robbins McKesson & Rob pf.. % Mack Trucks (1).... i Macy (RH) & Co (2). Madison 8q Garden. . Magma Copper % Mallison & Co. Manati Sugar. Manati Sugar pf. Manhat Elev mod gtd Marine Midld (80c).. Marlin-Rock (1)..... Marmon Motor Car.. Marshall Field & Co. Mathieson Alk (135). May Dept Stores (1). Melville Shoe (1.20) . Mengel Co.......... Miami Copper. . Mid Continent Petm. Midland Steel Prod. . Minn Moline Pow. Minn Moline P pf. ... % Mo Kan & Texas..... 4 Mo Kan & Texas pf.. Missouri Pacific. Missouri Pacific Monsanto Chem 11 . 4 Montgomery Ward. . Motor Meter G & El.. Motor Produets. 45 Motor Wheel Mullins Mfg. Mullins Mfg pf N array Corp. Nash Motors (1) Nat Acme Co Nat Biscuit ( . Nat Cash Reg (A)... Nat Dairy Prod 1.20.. Nat Distillers. . . Nat'Pwr & Lt (1). Nat Steel (50¢) Nat Supply Co. Nat Supply pf... Nat Surety. Nat Tea (60c). Nevada Con Copper. Newport Industries. 4 N'Y Air Brake. N Y Central. NCChi&StLpt N Y Inyestors. .. N Y N H & Hartford N Y N H & Hart pf N Y Ont & Western. . N Y Shipblldg (10¢). N Y Shipbldg pt (7). Noranda Min (a1.10). Norf & Westn pf (4). North Am Aviation.. North Am (b8 %stk) . North Amer pf (3)... North Am Ed pt (6). 9% Northern Paciflc. ..., 1% Norwalk Tire & Rub. 4% Ohlo Oil. . 11 Oliver Farm Equip. . 3% Oliver F Eq prpf A.. 1% Omnibus Corp. . 10% Otis Elevator (60c) 14 Otis Steel. . . 24 Otis Steel pr pf. 3115 Owens I1l Glas: 20% fic & El (2 Pacific Lighting (3). fic Mil: fic Tel 1(6). Packard Motor Car.., Panhandle P & Rpf, . Par-Publix cts : Park Utah. ... Parmelee Transport.. - Paths Exchange. ..., 4 Pathe Exchange (A). Patino Mines. . . Penick & Ford (1). Penney (I C) (1.20) Penn Coal & Coke. Penna RR (h50c). 5 Peoples Gas Chi (5). 4% Pere Marquette pf. .. 6 Pere Marquette pr pf 4% Petrol Corp of Am. .. 415 Phelps Dodge. . 2 Phila& Read C& 1 4% Phillips Petroleum. .. 3 1 2 & 17 PittsCoal Pf..veeeesn 122 6% -+ T 92U +1% 8% 1l 23% + % 922 3%+ % 1% — % 8% + % %+ % 15 +% 287% 17% +1% 341 +1% 5% + W 1% 15% + % 26 +1 18 + 45 2% — 1% 1% + % 321% +1% 13% + % % 1% + % 2 7% + % 5% LR 13% '+ % 2 3T 41% 815 % % 15 + 1 6% + 3315 + 3 24% +1% 1% + % 15% + % 45 -4 P 7 5% — 1 6% + 3 2% — W n 6 2 22 +5 :/AUTO PRODUCTION q March Figures Show Decline From Republic Steel pf.... Reynolds Tob B (3).. 4 Richfield Oil... Rossia Ins of Al Royal Dutch. Safeway Stores (3).. Safeway Strs pf (6). Safeway Strs pf (7). St Joseph Lead St L-San Fran pf. Schulte Ret Stor pf. Scott Paper (1.40) Seaboard Afr Line. .. Seaboard Ofl (t50c).. Seagrave Corp. Sears Roebuck. Seneca Copper. 4 Servel Inc. .. Sharp & Dohmée. Sharp & Dohme pf(2) Shattuck(FG) (24¢). Shell Union Oil B 4 Stmmons Co. Simms Petrolm (25c Skelly Oil pf ww.... i Sloss-Sheff Steel pf.. Socony Vacuum 40c. So Port Ric Sug 1.60. So Port Ric S pt (8). Southern Cal Ed(2).. Southefn Pacific. ... Southern Railway. .. outhern Rallway pf parks-Withington. . Spencer Kellogg (60c) Spiegel-May-Stern. . tandard Brands (1). Stand Com Tobacco. . Stand Gas & Elec. ... Stand Gas&EIl pf (4). Stand Gas&El pf (7). Stand Ol Calif (2). .. Stand Oil Exp pt (5). Stand OII N J (1) iewart Warner. Stone & Webster. Studebaker Corp. . Studebaker pf. Superior O1l. .. % Symington. . Symington (A) 1% Tennessee Corp. 10% Texas Corp (1)...... 15% Tex Gulf Sulphur(1) 315 Tex Pacific Land Tr. 4% Third Avenue....... 5% Thompson Products. 15 Thompson Starrett. . 314 Tide Water Asso Ofl. 24 Tide Water Assoc pf. 45 Tide Wat Oil pf (5).. 1% Timken-Detroit Axle 18% Timken Roller Bg(1) 2% Transamerica Corp. . 2% Tri-Contl Corp. ..... % Truax Traer Coal. Unit Pie 1073 101% 3 1% 2T% 131 4% 2%, 4 6la 2y 2% 514 131 Us U S Rub! U S Rubl U S Smt, U S Smt, Utah Co 4% 14% 1% 61 85% 69 20% Ii4l4+4+4 3% 1% Wabash 2 7 Walwor % % 2% 1 % 2% 1% T 2% 1 47 49 40 51% 34 54 34 63 37 % Warren Warren Wesson Wesson West Pa Western SEEEF REFraeses 14+ 4+ ¥ Weston & ‘Woolwor 39% 34% Wrigley 4% 6% 13% M. . 4t stock, 1) Pasable in ser J S & Forn Secur U S Leather Pipe&Fdy ( B U S Realty & Imp.... U S Steel...... U S Steel pf (2) U S Tobacco (4.40) United Stores (A). .. Uniy Leaf Tob (2)-.. Univ Leaf Tob pt Util Pwr & Lt 73 Vanadium Corp. . % Va-Car Chemical 2 3% Va-Car Chem 6% ptf. 3 Va Elec&Pw pf (6).. 12% Vulcan Detinning. ‘Ward Baking (B) . Warn Bros Picture: Webster Eisenlohr. . West Pa Elec pf (6). West Pa Elee pf (7). Western Maryland Western Pacific. 4 Western Pacificpf... 7 Western Union. ..... Westing’se Air B(1). Westinghouse Elec. . Westinghse 1st (3% ) 308 Wilson & Co. .. © Wi'son & Co (A). Wilson & Co pf. 2% Yeliow Truck 3% Young Spr & Wire. .. 7% Youngstown Sh&Tn. Sales of Stocks en New York Exchange. ading aPaid_this year—; o stock 1 Pius et“th"”"alu b m Pald Jast year—no- resular ot B P 5% 18 ek ce Dye Wk ber ber 1st pf. g & Ref (1).. z&Ref pf 3% +2% 1% pper. 608 6 Pt (A) th Co.... Bros. Bros O & Sn (50c) O&Sn pf (4). 2 Elec A (7).. 708 408 1308 Dafry pfA.. 1 18 5 7, 91 14 66 Elec Instru. rth (2.40). (Wm) (3) 38% 3% 5 5 10% 10% + Al ] ¥Ex Fryesr Fooe 2 Fxres » 1 2n 320,000 900,000 12:00 Noon 2:10 P.M.. special preferr CORPORATION REPORTS TRENDS AND PROSPECTS OF LEADING ORGANIZATIONS. NEW YORK, April 6.—The follow- ing is today's summary of important corporation news prepared by Standard Statistics Co. Inc, New York, for the Associated Press. Automobiles and Trucks. General Motors Corporation—Cheyo- let production of cars and trucks in March 38,665 units vs. 38890 umits in March, 1932. Three months' output was 148,336 units vs. 133,363 units. AutomcbMe Parts and Tires. Thompson Rroducts Inc.—1932 de- ficit $182,098 vs. deficit $106,838. Food Produets. United Fruit Co—Common share earnings quarter ended March 31, 36 cents vs. 24 cents in 1932 period after depreciation charges baséd on property valuations before readjustments. Mazchinery. Reese Buttonhole Machine Co.—1932 common share earnings 19 cents vs. 73 cents. oil, Plymouth Oil Co.—Postponed action on quarterly dividend pending outcome of negotiations for stabilization of the industry; lest dividend 25 cents paid December 30. 1932, Railroad and Railroad Equipment, Kansas City Southern Railway 1932 deficit $1,380,759 vs. net income $376,279. Chicago & Northwestern Railway— S. H. Cady, vice president, stated company does not contemplate action looking toward receivership; said com- pany was in position to meet May 1 charges; also that nearly 90 per cent of debentures have been deposited and sufficient expected to be turned in by April 15 to declare the refunding plan operative. Retail Trade. Dominion Stores, Ltd., sales, 4 weeks 'ended March 25, off 17.5 per cent; 12 weeks off 18.9 per cent. Great Atlantic & Pacific Tea Co. common share earnings, year ended February 25, $10.02 vs. $13.40 in year to February 29, 1932. Kresge (S. S.) Co. March sales off 18.2 per cent; 3 months off 14.3 per cent. Magnin (1) & Co., Inc, 1932 deficit $222,501 vs. net income $290,615. Montgomery Ward & Co. March sales 20.2 per cent; 2 months off 18 per cent. Theaters, Etc. Loew's, Inc., declared regular quar- terly dividend of $1.62'; on preferred stock. . Utilities. -American States Public Service Co. passed quarterly dividend on $6 pre- ferred stock, last payment $1.50 a share on January 1, 1933. Arizona Power Co. 1932 deficit $30,- 180 vs pet income $57,420. Central & Southwest Utilities Co. 1932 earnings before $364,038 accumu- lated dividends on subsidlary’s preferred stock, equaled $7.76 a prior preferred sh;{e vs. $25.12 after all charges in 1931 HIT BY BANK CRISIS February Totals—Labor Trou- bles Were Factor. By the Assoclated Press. ‘The Commerce Department reports that automobile production during Feb- ruar- was as large as in December de- spite difficulties experienced during the month as a result of the labor and banking troubles. ‘These labor troubles, the department said, were centered in the body plants, | Londos but the effect was sufficient to cause a general curtailment of activity in the industry. Normally there is a seasonal | Rome. SHRINKAGE N BANK ROSTER. ANALYZED | Mergers. and Fai!qr‘e:& _Have Cut Total by 11,000 Since 1921. . By the Associated Press, ' ¢ While' official figyres are lacking as | to the number of banks which have been reopened since the general mora- torium, unofficial computations indicate ' that several thousand are still closed | even for restricted business. At the close of the -lest fiscal year there were operating in- this country a total of 19,163 institutions, as- eompared {;ulh":{),mumeh-umemxm The Federal Reserve Board reports & total of 1,029 failures of :1l kinds dur- | Ing the first eight-months of the pres- ent fiscal year. This figure has been augmented by numerous mergers which | tended to further deplete the fleld. | In the table that fcllows the record of | banks in operation by .years since 1920 | is given, showing the extent to which the number has been reduced, princi- pally through faflures, but also by con- solidation of institutions: 1921 . 30,812 1927 | 1922 .. 20,389 . 30,178 . 29,348 24,061 28,841 28,146 ‘The American Bankers’ Association declares the bank failure problem has been chiefly a small rural bank lem. Official studies covering an ht- | year period showed that more than four- fitths of all the banks in the United States are situated in small towns with average capital of about $44,000 and it is among small banks that most of the failures have occurred. Seventy- one per cent of the suspended banks, ized below $50,000 each and 88 per cent under $100,000 when the study was made, kut by far the largest number of failures occurred among bahks having capital of $25,000 or less, these consti- tuting 63 per cent of the faflures. Over 40 per cent failed in towns with between 500 and 1,000 population; 20 per cent in towns from 1,000 to 2,500, and 12 pér cent occurred in towns from 2,500 to 10,000 population. In short, about 92 per cent of the failures were ;:uphcu aving Jess than 10,000 popu- lon. DECREASE IN IMPORTS REPORTED AT BALTIMORE Special Dispatch to The Btar. BALTIMORE, April 6.—Continued decline in the imports received here is the reason given by customs officials for a decrease in the duties collected &t Baltimore last month. The figures for March and February ar show that $488,200.94 was here in Pebruary against $406.- 515.91 in March—a decline of $41,685.03. Figures for March, 1932, reveal a de- cline of $226,891.53. under March, 1932. Collections in March of last year totaled $633,407.44, or $235,160.61 less than in February, 1932, U. S. TREASURY CERTIFICATES (Reported by Chas. D. Barney & Ca.) = 20D 3 235333553 SRR 222282322, 2 oy a5 &2 FOREICN EXCHANGE. (Quotations furnished by W. B. Hibbs & Co.) increase in production in February. Some improvement occurred at the end of the month of February, the de- partment said, but was interru by the banking difficulties. March pro- duction was much below Februa; ry, as S e g S | Rocks, brollers, 20a21; Leghorn, broilers, | both national and State, were capital- | tomatoes, counter market. Am_ Bank Stock. Bullock d . Washington Produce % | closed more or less higher. ions. | act, as happened Pacific. NEW YORK, April 6.—Stocks and commodities advanced at times buoy- |antly in today’s markets. There were | intervals of hesitation in stocks, the rise in staples was maintained to the end. During the course of thé day Septem- ber wheat sold above 60 cents a bushel and closing quotations for May, July * | and September were up 1 to 1% cents 4«|® bushel, new highs on the recovery. | Trading was in the largest volume in | months. New high prices werz also bid for cash wheat. All the other grains Sugar fu- | tures rose 4 to 6 points, lkewise in ‘;cuve trading. Cotton was strong ali ay. In the stock market the greatest activily wes witnessed at the opening. Subsequently realizing cut down the | gains, but the close was higher for the ]ll.lt as a whole and in metal shares | at approximately the best of the day. | The rails had more difficulty in main- | taining their position than the in- dustrials. Opening quotations were higher all {around and for & half hour the ta was hard pressed to keep up with QK: volume of business. Short covering and new commitments for the rise were | about equally divided. Back of it all was the hope, or fear, as the case may be, of inflation—the same influence which was at work in | commodities advanei wheat over a cent a bushel in the first half of the session and sugar futures 4 or 6 points to the highest of the present movement. While the volume was at its height E}I‘elnl nnu(l;omtl to wmu. Amlfi especially str les were Al Chemical, Al.neflo;.n Can, Telephone, J. 1. Case, Consolidated Gas, Delaware & Hudson, New York Central, Sears buck, Union Pacific - and United States Steel common, covering pretty well all fields of activity. The gold stocks benefited from the advocacy by an organized industrial group of the devaluation of the dollar. Homestake Mining made a new w was the feature in this part of ‘The rails came back on the denial given out overnight thet the Chicay & Northwestern Railroad was to fi reorganized under the new bankruptcy to the Missouri- The' market. paid little attentlan to the business news, although — n;;tnym"&vmble. el monetary _considera and its own technical position. This was well illustrated by the strength in American ‘hlemn, one of the stocks which had sold for short account most freely. The order of the 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; -one-pound prints (90 score), 19; tub, 18. ' Eggs—Hennery, white, 11%a12; cur- | rent receipts, 10%all; Government | graded, extras, 20%; standards, 17; mediums, 1§15, -16a20; old, I2al4; toms, 13al4; .old, 8210; chickens, hens, 13a14; Leghorn! hens, 10; roosters, 6a7; Plymouth! | | WHOLESALE PRICES. 18; fryers, 17a19; roasters, 17a19; mixed colored chickens, 14a16; keats, young, 25240; old, 15a20; capons, 25; slips, 18. | Poultry, dressed — Turkeys, hens, 17a19; keats, young, 28a43; old, 18a23; capons, 28; slips, 21. Meats—Beef, 10; veal, 11; lamb, 11: mlbill;.“ 12; fresh hxm‘li 12; Illu:,l!d compound, 7, ° ™ 1% 1416, T 2.0082.50; pineapples, 4.0084.50; rhubarb, ;5: alligator pnn,w':'.ma.so; 5 New 'Yor?:‘." T10; Flogida, 1y 4300475; * Idaho bakers, 1. H crates, '4.00; carrots, crates, beets, crates, 1.15a1.50; okra, pan, 75 " .hmm L kale, 30a40; E::I bunch bushel t, 1.00; 3 3 .50; Dk .’6‘”3@ white, 2.00a2.50; MONEY MARKET. "NEW YORK, April 6 (&) .—The money market continued dull and easy today. Call maney renewed and held at 2 per cent, unchanged from the previous day. In the outside market B St YHn e e 8 1 3 rates were shaded a trifle, being quoted at 114-1% per cent against the Mm ""fi of this figure yesterday. ds were reported freely offered at‘one- fourth of 1 per cent, unchanged. Baltimore Port Arrivals. BALTIMORE, . April 6 (Special).— Arrivals at the port of Baltimore dur- ing March totaled 28 vessels, an in- crease of 38 over February and a decrease of 2 from March of last year, according to Charles A. Ruth, marine superintendent of the Baltimore Cham- e A ccording to Mr. CCOT . Ruth’s repcrt, - ican ships led with a mfi"nxnf;; Arrivals in Baltimore during the -first three months of 1933 totaled 602 vescels. INVESTMENT TRUSTS NEW YORK, April 6 (#).—Over-the- (Quotations as of 12 o'clock.) . WILL EXCHANGE 5 Shares (old stock) Seutheastern Industrial Bankers, Inc. Fhares Sopthessicrn adusirial 5. Address Box 322.D, Star office Invest Your Savings in listed Dividend-Paying Stocks . Through the INVESTMENT- SAVINGS PLAN Details on request A. S. Goulden & Co., Inc. Woodward Bldg. NAtional 2000 QUOTATIONS ORDERS TO BUY OR SELL ALL LISTED OR UNLISTED SECURITIES . PROMPTLY EXECUTED WAGGAJ.H‘.’AFBRAWNER INC. 1700 Eye St. N.W. Tacknuiders “Tn’ sk’ dnereuma! State Loan Company Pref. Profit-Sharing Stock Certificates Its. ‘Monthl “P‘g:!lh te 405, Efi' (Yerment Ave. N.W. 3 arketabillty. 1o | Auchincloss,Parker and Redpath MEMBERS: New York and Washington Stock Exchanges ASSOCIATE MEMBERS: New York Curb Exchange PORTFOLIO ANALYSIS BONDS STOCKS 719 Fifteenth Street MEtropolitan 3116 WASHINGTON BALTIMORE WILKES BARRE