Evening Star Newspaper, April 6, 1933, Page 15

FINANCIAL. TNOR AL 3OS " INSHARP RECOVERY| | {“German Dollar Loans Go ““Against Market Trend as ‘Selling Develops. BY CHARLES F. SPEARE. Special Dispatch to The Star. NEW YORK, April 6.—Sharp recov- Lery occured today in the list of junior ,¥ailroad bonds which were under ex- treme pressure late Wednesday. Denial of the reports that the Chicago & Northwestern would be reorganized helped to improve sentiment and led to considerable covering. Against this was the effect of another serious de- cline in all German dollar obligations. The gains in the low-priced railroad list were largest in Chicago & North- ‘western 4%s, which sold yesberdly at a price Jess than the coupon rate which this morning moved up 2% ints. The 5 per cent notes, due on Eny 1, rallied 4 points after an open- ing decline of 2: points ume change occured in other active | members of this group. Chesapeake | Corporation 5s gained nearly 3 points. «Great Northern 7s were up 2 points. Missouri Pacific refunding 5s rose 113 points and Southern Pacific 4'4s sold at 39. A block of Louisville & Nash- < ville 4s was offered 4 points below the . last previous sale and Kansas City fln‘f‘nfluflfllfi and utilities also rallied, among them Warner Bros. Pictures 6s, Utilities Power & Light 58 Dodge. 6s. The further break in German obliga- : tions reflected the fear that interest rates on them would be reduced. The ernment 5!2s and 7s lost between 1, and 3 points and were well below -the prevkzu,s low of the year and an 25 points undu the %igh of A continuation of strength featured the market for United States Govern- ment loans. The first Liberty 315s sold gbove 101 and the fourth Liberty 4%s m 102. ‘The long-term premium ry loans were from % to about 3% higher. The same gain occurred in the 313 and 3 per cent d int bonds. UPTREND IN WHEAT PRICES MAINTAINED ;jetion of Market Over Last Three ‘Weeks Has Shown Advancing Tendency. By the Assoclated Press. KANSAS CITY, April 6.—Price fluc- ‘tuations in the grain markets since St. Patrick’s day have ‘ward. Sometimes the gain of one has been almost lost in a slip the next day, but for the last three- week period the general course, fig- :ed;g l‘r:menun basis, makes an lve owing. é’f,m has been a leader in the up- turn. Carlots at Kansas City now are selling around 30 to 33 cents a bushel, an :d vance of 10 to 50 to 55 since March 3. Pro- ducers receiving around 20 cents s " with prices rang- cents at the recent low ce. 12 cents or about per cent are 1, downw 'rhewheltmmhm mc!tymhshltolem from the levels prevailing before the bank disturbance. Milling are seulnx here at Sl mflng !a to 43 cenh n the advance this terri ‘most “selling virtually as high as a year ago; corn still is 3 to 5 cents under the ‘comparable level. | Other grains have followed the up- furn readily. Rye and barley have about 35 per cent in a month, and milo, 45 per cent, .and. oats t 25 per cent. /In the case of wheat, it appears cer- l:‘n“ a .sh%rit c‘x;‘w will be hmmd. g_possil a sityation where- by the United States will be on a do- mestic basis next season. REDUCTION IN MARYLAND ;TOBACCO CROP REPORTED 1al Dispateh to The Star. BALTIMORE, April 6.—The land ‘Fobacco crop luced in 1932 is esti- fi‘"" at 22 750,000 pounds, according to ichard C. Rass, agricultural statistician or the State crop-reporting service. uced in 1930. S per cent smaller than the Yyear, as prospective low not encourage increased plantings last Bpring. ! Mining Operations Expuded E of American Smelting & F Co., has informed ithe smhom:n that the company is ‘expanding it id mining operations. It recently a gold mine in West Africa and has taken options on two in ‘Australia. Washington Stock Exchange SALES. ‘Wash. Gas 6s B—$100 at 103. Pot. Elec. 5% % ptd—10 at 107. AFTER CALL. Pot. Elec. 54 % pfd.—2 at 107. C. & P. Tel. of Va. 55—$1,000 at 103%. Georgetown Gas 55—$1,500 at 101%. ‘Wash. R & E. pfd.—10 at 81, 10 at 81, 3 at 81, 10 al 81, 10 at 81. Bid and Asked Prices. BONDS. PUBLIC UTILITY. Bid. Asked. Amer, Tel. & Tel. 4%e°39... 104 . Am. & Tel ol tr 6h1L 102 Amacostla & Pot. R Aus & Pot iy C. & P. Tel. of Va. 55 Capital Traction R. R. & City & Suburban 55 ‘Georgetown Gas 1st Potomac Elec. C¢ o a5 ° 101% 103 R 104 104 8 Washington Gas 0s, series B ‘Wash' Rwy. & Elec. 4s. ‘MISCELLANEQUS. Burber & Ross, Inc., Bs. Chevy Chase Clul s Coiumbia_Country C‘I/I’xb D. C. Paper Mfg. o4 Tel. & Tel. cnlul Traction Co.. Lient Co."(s Pot. Elec. Power Bot. Elec. Powar 5% ‘Wash. Rwy. & Elec, Wash, Rwy. & Elec. pid; MISCELLANEOUS. erson Bromo-Selz Wawd. & Loth e -y W rop com. ‘Wdwd. & Lothrop pfd. JEx dividend, 25¢ extra. » g % extrs. and | Am Wat Wks BONDS ¢ UNITED STATES. (Bales are n. $1. omn . Low. Lib 3i¢s 32- 10113 10031 ] Lib 1. ste 3 102 10128 Lnuuw.-u-u 1024 10128 US 388l 9618 966 988 988 . 10029 10021 100 30 100 25 10030 100 20 103 10220 104 12 1048 107.27 10720 l-l-. mm la- 21 21 4-58 US4%se7-52. Alleghany 5844, Alleghany 5549 Alleghany §3°50 Allis-Chalm §s Am Beet Sug 6s'35. AmF Pss ”0!0 . 443 2414 651 101% 102 103% 108% 99 99 98% 98% 1081 108% 8% 8% 5}"/. 1% 56 1% 47% 4T% 4 48 46% 80 Am T&T deb bs Am T&T deb 5s 65 Am TRT 5%s"43. . Am W W & E $s°76 Antfoquia 7s'45 Argentine 5s 4 Argentine 5% '62. Argent 6561 May.. Argentine 6569 Ju Argentine 6559 Oc | Argentine 63 A '57. Argentine 6s B '58. 56 41% 47% 47% 47 48 47% 5% 87% 81 67 “ Atchison gn 459 Atchison 435 '48 At CL1st ll‘i! AtICLeol Atl Gulf&WI 5! 88% 52 6% 25% 82% 3% 40 66 6214 94y 92% 9% 102% 102 103% 103 28% a7 41 42 81% 9% 1 102% 102% 8 102 102 3 103% 108 4 103 103 Bell Tel Pa 5s Bell Tel Pa §s C'60 Berlin Cy El 63°55. Berlin 64850, . BerlinC El 6135’69, Beth Stl pm 5s8'36.. Beth Stlrf 5s *42 Bolivia 7s ‘68 Bolivia 7s 69 Bolivia 85’47 0 4% 4 4 l ‘l(ll% 101% lol% Brazil CR 78'52 Brazil 8541, Bklyn Ed 55 Bkiyn Elev 63, BkIyn Man 65 Bkiyn UnGas b: Budgpest 6 Buenos AR 65 '6: BR&Pitts 414857 Bush T Bldg 55'60.. Calif Packing 55’40 Canada 45’60 Canada 4% 536, Canada 58’52 Can Nat Ry 4 8 23% 23% 23% 3 104% 104% 104% 3 37 36% 80% 81 80% 2 !5% 85% 97y 51% 55% 833 Ry 4% Can Nat Ry 4% 8'55 Cah Nat 58’69 July Can Nat 55789 Oct. Can Nor deb 75 "40. 60 10% 54 69 47 65% companies hue-msc CB&Q 111 4549 CR&Q4%s'..., Chi'& Est 111 68'51.. Chi Grt West 45’59, CM & StP gn 45'89. ChiM&StP4%sC Chi M&StP 4% C M&StP 4% '89. CHBIPIPSI”IS . CM&StP. cm&xw x . CRIGNW 4348 2037, 10 ChI&NW 4%sC'37. 3 Chi & NW 4% s 9.13! Chi & NW 6%45°36. Chi RI&P gn 4388, : Chi RI&P rf 4s'34. 11 ChiR1&P4%8%52. 15 ChiRTI4%s'60.... 14 CTH&SE 15t 5: CTH&SE in 55 "6 Chi Un Sta 4%s"63. Chi Un St 6s'44. ... 4% 61 22 40% 4l 41% © 1% “4 36 15% 15 6% 44% 51% 21% 21% 6% 41 5 1 93% 1 THE EVENING STAR. WASHINGTON, D. C., THURSDAY, Sales. Grand Trunk 7s'40. 10 Gt Brit&Ir 5%s'37 86 Grt Nor 44sD GrtNor4%sE GrtNor§i:s B Grt Nor gn 75 '36 Hudsoa Coal 5s°62. Hud & M adj . Hud & M rf 55°57.. Hungary T%s 41 111 Bell Tell 55’56 111 Steel db OMI 40, Int Cement 5s '48. In* Rap Trrf 55 '66 Int Rap Tr 6s°'32. . Int Rap Tr7s°3 Int&GtN3is B Int Pap 6s " nS Int Ry C A 557 INtT&T 438" ItT&T 43 Int T&T s " Italy 7s'51. Japanese 5% s ‘65 Japanese §1 s °5¢ Jugos! Bnk Ts°57 Kan CF S&M 4. Kan C P&L 41561 18 Kan City Sou 35'50. Kan City Ter 4s'60. Kan G&E 41%5s°80. ., Karstadt 6s ‘43 Kend 5%s'48 w Kresge Found 65'36 ° Laclede 6%5 D '60. Lake Shore 335’97 Lautaro Nif 5! Loew" La & Ark 5s ‘6. Lou G & El bs A'52. !n L &N uni 45'40. ... L&NGsB2003..., McKes& R5% Manhat Ry cn & Mar] Marseille 6s '3¢ Midvale Stl bs " Milan 6%s ‘52, Mil E Ry&L 5s Mil E Ry&L 5s'71. MSP&SSMcn4s'38 1 MSP&SSM cn 55°38 2 MSP&SSM5%8'18 3 MK & T 1st 45°90.. MK&T5sA'2... MK&T4sB'62... MK & Tadj 58 '67. Mo Pac gn 45°7 Mo Pac rf bs A '65. Mo Pac bs F 17 Hfi Ple B%sA e I&Ohhil'l Montevideo 7s ’52. . Mor&Co 15t 4%s'39 15 Credys20is. 3 YCre4%s2013n 1 NYCrf5s2013... NYCLS 3%s'98. NYC&StL 4%s 7. NYC&StL5%sA'T4. 2 N Y Edison 65 B'44 13 N Y Edison NY NH&H Q%S'H 15 NY NH&H 6s'48... NY Rys'Inc 6s '65.. 16 N Y Steam 53’56 4 ‘N NEW Yo TOCK EXCHAN Recelved by Private Wire Difect to The Star Office. High. Low. 2:58. 91 98 104% 104% 38 38 624 16% 19% 4% 25% 308 103 13% 34% 1 121% 121% 92 92 244 24 98% 9TH 82% 82% 71 n 26% 24% 36 35% 68 67w 101\6 101% NY Telgen 4358 23 7 100% "Nord 6% s°50. Nort Sou rf 5 Nor & Wn,div 4 North Am Co 6s'61. 15 Nor Pac s D2047. 2 Nor & Wn en Norway 5s ‘63 Norway 5%s'66. Norway 6s'43. Norway 6544 Norway 6s'52 Ohio PS 7484 Ore Sh L 5s td 46. 7 Oreg-Wash 10 Orl!nl Dev5%s’'s8. 15 Pac G&E 55 *42 Pac T&T 1st 55'37.. Pan Am Pet 6s "40.. Paramount s °47.. 1 Param-Pub 5%s'50 2 Pathe Exch 7837 Penn 4% s D31 17 15 10 97 96%. 97 2 110% 110% 110% | 5, C& W Ind 5%s'62. Childs deb 55 ‘43 60 30% 8 cearnmall Chi Mtg Bk 618 '57 CCC&St L l%lll,‘!: Senankannd 50%. 57% 23 36 21% 21% 72 69 36 21% Colomb 6 Colo & Sou 43435, Col G&E b '52 May Col Gas & E 55 .13 68% 68K 684 Com Inves 535’49, 3 100% 100% 100% ConGNY 4%s'51. 11 941 931 943 ConGasNY6s'57. 35 99 984 o ConaN‘nv.- .. 18 l:: 1023 108 hag 4%s 62 Comnlu‘ 5s°52. ba 534845, Cuva Noriu.-u.. Cuba R R 1st s '52 Czecho 8852 Del&Hud ref a8 1’% 8% 95 29% 8% 12% 8214 92% 89% 2% 6% 98% 100% 98% 98Y% 0% 46 21% 22% 9% 62% 63% 5% € o 95 1 114% 114% 114% 6 121% 121 121% 5 55 55 56 43 43 43 9% TN ¢ T9% 3 48% 48% 48 38 37% 49% 26 Denver Gas 58 '51.. D& RGren4s” D&RG W5 D&RG W 5s'78. DetEd4%sD'61.. 6 Det Edison rf 5549 12 Det Edison §s Dodge Bros Donner Stl 7 Duquesned 184"l 9% Y% Duguesned % sB'57, 10 100% 100 Dutch East16s'47. 1 98% Dutch East16s'62. 5 98% Erte Con 4 12 7 8 46% 8 22% 40 22% 6, 97% 10° 60 Fiat deb Finland 6545 Finland 6 Finland 7s Fisk Rub 8341, Fram Ind 7%s 42 French Gv 78°49... French Gy 7%s'41. Gelsenk'hen 65°34.. Gen Cable 51 Gen PSv i3 German§s 5 German Rep 7s°49. 69 61% 60% “ 645 Gool!'rlnbll"".. lG ;’llh 1 1% Ly N g Phila & Read 65°49 3 Phillip Pet 5% 839 20 27 Press Stl Car 58°33 Prussia s '52 . Queensland 7s"41.. Read 4% A '!'I m R 5% 'G‘va 32 Rhlndbl UTs’4s.. 17 Rhine Rht [PIPIPpR Pt 1] RioDeJan ext R Gr do Sul 6 RIAr&L4ks’34. Rome 6%s'52 Royal Dutch 4545 Rumania 7s '59. StLIM MG.I‘I'. StL&SF 4%s'78. StL SF 4%s'T8ct st StL SW 1st 4s'89.. St L SW 1st 5352, StP&KCSL 4%’ a1l St P Un Dep 55°72. Sao Paulo 7s '40. Sao Paulo 8s '50. .. Saxon P W 6%s'61. Saxon7s " Seab A L rf 4 Shell U O 5s "49ww. Serbs-Cr-81 78'62.. Shell U O11 55 '47 Shinyetsu 6% '5: Silesia Prov 7s 'b! Sinc Oil 6%s B '3 Sinc O11 Ts A "37. Sine P L 58 '42. Smith(AO)6% s’ Solvay Am bs *42 Sou Bell T&T & Sou Pac rf 48 '55. Sou Pac 4345 '68. Sou P 4%5'69 ww.. Sou Pac 4%s ‘81 Sou P&Or 4% Sou Ry gn 4sA'56. . Sou Ry 5394 Sou Ry gn §: i : Sou Ry 6% N‘u |8W Bell 'N-A'n. Studebaker Sweden 5% 851 84y 94% 100% 8% 41 40% 100% 9915 102% 102 31 31 [] 6 6% 6% 63 63 T 98% 8% 60 82 9915 80% 923 29% 34% 3% NEW SECURITY BILL % |Financia! Community Anxious to Learn Details of Pro- posed Measure. By the Associated Press. NEW YORK, April 6.—With the firing of the first gun—through the Federal securities act—in the administration’s campaign to “bring back public confi- | dence” in security transactions, Wall Street's “bulls and bears” are now won- dering what regulatory policies will be applied to the New York Stock Ex- change, largest and most colorful mar- ket place of its kind in the world. Long accustomed to great freedom in their activities, as compared with the practices prevailing in markets of other countries, stock exchange officials here are spending anxious moments studying the p‘tcem followed in the financial centers of Europe where strict govern- ment supervision prevails. It is taken for granted among the gm ons :&Wnu Street that "the new | deal” envisages some program of Fed- | eral restrictions, but it is doubted thlt such severe Government supervision that in, for instance, Paris and Berun will be imposed. Foreign Exchanges. The stock exchanges in these cities are completely under the aegis of the government, rigidly controlled as to membership and activity. The London Stock Exchange, on the other hand, is a bit like the British constitution a matter of lnhen tradition rather than a code of legal principles. Yet, even in London, the conservative Anglo- Saxon temperament has resulted in the establishment of a body of practices much more curtailed than stock ex- he Members of the Paris Bourse, France" stock exchange, are appointed by the President and have the status of public officials. The number of these official “stockbrokers” is limited to 70. Functioning through an asso- ciation which is closely supervised by the French ?wmmmllyt .f' munb:ra and severally res) ible for the muu of each individual mem- ber. This feature, coupled with the limited membership and the monopoly privilege, has given the association a unique degree of solidarity, combined ‘with great financial and social prestige. In the halcyon days of the pre-crash era, Wall Street became almost hard- ened to the spectacle of “boy-wonders” who amassed sufficient wealth, through luck and skillful trading, to t unknown in the Bourse, ‘because official stock- brokers must be 25 years old, must have served a bond of 250,000 put up with the government. No for- can 4 It is true‘that stockbrokers may have silent partners under certain conditions terprises. His action is definitely lim- ited to that of an “intermediary” in security transactions and his compen- sation is fixed by regulations. But trading on his own account, a recog- nized practice here, is banned. “Middlemen” on Bourse. An important part of the Paris Bourse is the group of “middlemen,” who give advice, collect orders and transmit them to the official brokers, recelving a percentage of the commis- sion for such a service. The bulk of the brokers’ business, however, comes through the large banks, which handle thousands of orders from all over France. . ‘The Berlin Stock Exchange is similar to the Paris Bcurse in point of m'lcc by the government. ing in degree through the dlfl:rmt pe- riods of her hlnory, Germany continues to wield a huge disciplinary stick at present, cente: power now in a state commissioner W is responsible for the enforcement of all laws and regu- lations Aside from regular members, the Ber- lin organization has on its roster “ cial sworn brokers,” appointed by the government and sworn in by the com- missioner. Brokerage houses, so in- tegral a part of the American system, are unknown in Berlin, as the public %hubeenminedwplmmden through the banking instituf Members of the New Yerk Stock Ex- change, 1,350 nron( have long been bitterly opposed to Federal regulation. ‘They contend that their self-imposed Tules are essentially as effective as Europe’s, and have the added advantage of flexibility when dealing with emer- gency situations where time is all* im- Ewfint and crises can't wait for legis- ‘medicine. It is this flexibility, officials assert, as much’ of the phenomenal growth of a vast country rich in natural resources, which has made the New York Stock Exchange the largest in the world, with a volume far transcending that of any other market in his The ramifi- cations of this activity touch every mphlul of‘ &dm{‘r‘oi ll(el:q‘:‘r]ldwl;l the lon of these ers a ro- 1s should be caref nudledp 50 t legitimgte business will not flee to more virgin territory. o o New Firm Chartered. RICHMOND, Va., April 6.—Social Publications, Inc, of Alexandria Just been granted a charter by the State % cerm:on Commission, authorizing it 100% 100% NK% 100% 981 904 101% 65 39 57% 23 26 103% 104 102% 103% 94% 94 4% 22% 22'4 22'/. 8 mlfil oeeen” l IOI lfl lQ'l a printing and publishing b\fine-. with capital consisting of $10,- of perferred stock and 150 shares o«eummnnmx:k without par value. Randall T. Elliott of Washington is president. Address of the concern was given as 4 Vhtlnh avenue, Jefferson Park, Alexandris, Low. 2:55. 41 82 81 87 48 Sales. Blfl.\ Talwan EP53%s'71 8 ‘Tenn E1 P 65 A '47.. Tex Corp cv bs "44. 11 Tex&P 1st 55 2000, 7 5s D80 Y% s 20 Toho El Pw 75’55 ‘Tokio El Lt 6s'5: Union EI L&P Un Pac 1st 4s Un Pac 4s'68. Un Pac rf 4s 200 Un Pac4%s'67.... 2 Un P 1st £ 53 2008. U S Rubber 6s *47. Un St W 6%s A'51.. Un St W 6155 A'47. Un St W 6%s C'51 Upper Austria7s'45 50 Utah P & L 55 "44.. Util Pw 53 °59 ww.. Util Pow 5% s "47.. Vanadium St 55’41 Vienna 6s ‘52 VaRy & Pw Wabash 1st 5s5°39.. Wabash 5s B'76. .. ‘Wabash 5s D '80 ‘Wubash 534s°75 Walworth 6s A '45. Warn Br Pic 6s°39. Warner Sug 7s*41. Warsaw 7s'58..... West El db 5s'44.. West Md 5%s'77.. West Pac 5s A “46.. West Union 5s°51.. ‘West Union 5s’60.. West Un 6% H. . ‘Westphali Wil & Co 1st Yokohama 6; Ygstn S&T 58 A'T “Ygstn S&T 68" !'Nn CLOSELY WATCHED to exchange matters. ! sai APRIL 6, 1933. ICURB SHARES GAIN ON BETTER BUYING | g ot =) Market Goes Higher as De- mand for Stocks Shows Increase. BY JOHN A. CRONE. Special Dispatch to The Star. NEW YORK, April 6ZThe Curb Ex- change moved higher in today's mod- erately active session. | Public utilities led the upswing, fol- | lowed by a group of industrials and | specialties. Electric Bond & Share was ip ctionally, along with American Gas Electric, American Superpower, American Cyanamid B and Standard | 1 Ofl of Indiana. Cities Service inclined | to heaviness. Various trade quarters contributed constructive news to the general eco- nomic scene. Retail businesses reported increased Easter purchases. Stcel and automotive industries showed further betterment. Individual companies, Bas: tian-Blessing Co., for example, in- creased their working forces. Mail order sales were s:id to be pick- ing up, which accounted for the bulge | in Montgomery Ward A following Lhc’ announcement that March sales had| dropped 20.2 per cent. Great Atlantic | & Pacific Tea, which earned $10.02 a share in 1932 against $13.40 in 1931, quieted fcllowing its sprint yesterday. The rise of raw sugar put National Sugar Refining to new heights for the | year. Other shares similarly behavmg‘ included Brillo Manufacturing Co., which has been the subject of organ- ized operations recently. Not all fond issues benefited from the rise in com- modities. Deere & Co. spurted, but Horn & Hardhart, operating an East- ern restaurant chain, reacted. H. C. Bohack & Co. had discounted the drop of 154 per ocent in March sales. The two Swift issues naturally benefited from_increased Easter business. Amer- ican Beverages hardened, but Mavis bot- tling quickly erased its previous rise. Neither the forward move in silver futures nor the income statement of New York & Honduras Rosario Min- ing Co., which earned $1.62 a share in 1932 against $1.99 in 1931, had imme- diate market, effect on the white metal issues. Domestic copper shares were neglected, but some buying came into Hudson Bay mining. Aluminum Co. of America moved back and forth more freely than in recent weeks. New Jer- sey Zinc steadied. Gold stocks were not especially active, though they gave signs of desiring to go higher. Chesebrough Manufacturing stiffened as its 1932 earning report showed $6.66 a share against $10.78 in 1931. Humble Oil dipped to a new low following the decision of the Texas Railroad Com- mission to shut down 10,000 East Texas wells for'a period of five days, effective today. The usually wide-moving A. O. Smith ition knocked off a coupie of points in the forenoon. Singer Manu- facturing stirred without bringing ebout much change. United States Playing Card lost & point. Leather Prices Decline. By the Associated Press. ‘The Commerce Department reports | that the United Kingdom market fpr American kid leather has shown a con- | sistent decline over the last few ’!‘hedecune. it was said, is due entirely to crened domestic produc- tion, keener competition, higher tariffs, exch;u;a condit and reduced de Tohl imports of this leather into Britain hl'! also been smaller, as Brit- been a large om.muu a smaller share of the total import trade in kid leather during the last three yeln, official British sta- tistics placing the imports of this prod- uct in 1930 at more than 13, 700000 square feet and at about 4,175,000 feet last year. BONDS ON THE CURB >3 :E;EE, g%e 2 n;’;! aterpillar A 5s 11l P 209990909 ot -:u;:.»au—u-ama-—am»u-nq.ms—mu.amm-—u-»m:umu.;_u_m_u—»a-»»wwx—n;:aa—.nf N 1A 10 034 100% 915 a9 ‘/z SRR BR5 gi’fi‘Q? 5Eem 8453 S # ZR2SBRSERTOLDS 2000, SRS ® &N - 291 D0 oo, & A e e S V02 ZZZZZZZ: 4 o5 e SR RE ok it =5 125 15 B onn 1213 0 s 3 9250228k e Dn ™ 225 2N TITIRTIIIY L s N N S 1S e 58 coa T EH e ErCECEL "8 g ol wgdrPEg 2 o S55 e, ToFe o e L WD) E‘r'e o 8 3 R qQ, 2 FEoeI0 5 anover City 7 c8 585 833522253837 SERSmu o e dgg | Lake Shore M (2).. N. Y. CURB MARKET Received by Private Wire Direct to The Star Office. Stock and Sale— Dividend Rate. Add 0. High. Low. Close Acetol Prod (A)... 2 314 Alum Co America. .700s v 44u Alum Co ofApf 1% 1508 421 2% Am Beverage...... 9 4 Am Capital pf..... 1 I 5% Am Cynamid (B).. 42 5% 5% Am & For Pwr war. 3 2% Am Founders. ... Am Gas & El (31). 18% Am Lt & Trae (2). 14 Am Superpower Ark Nat Gas (A) Asso Gas&Elec ( Asso Rayon Atlas Utili Atlas Utilities Atlas Util pf A(3) .. 3 1% 1 | Benet Ind Loan 1% | Blue Ridge. | Blue Ridge pf (a3). Brillo Mfg (60c). Brit Celanese rcts. Buft N&E pf (1.60) BurmalLtd rets ple Butler Bros Bwana M'Kub Col’D Canadian Marconi. Carnation Co. Cities Service. Cities Service p! Claude Neon Inc. .. Colts Pat F A (1). Col G & Ecv pf ). 1’5! 70 Colum O11&G v.te.. 2 Comwlth & Sou wr. 10 Comstock Tunnel. . Consol Retail Strs. Cooper Bessemer. . C A M Co etf: Cons Gas Balt 3.60. Cord Corp (10¢)... Cresson Consol (4¢) Crocker Wheeler, .. Crown Cent Pete | Deere & Co..... Doehler Die Cast. . Eisler Elec Corp... El Ba & Share b6 % E! Bd & Share pf 6. El Bd & Share pf 5. Elec Shareholdings El Sharehold pf(8). Europ El Ltd A 30c Federated Corp. Fiat rcts (p50% Fisk Rubber(new Ford Motor Ltd. Georgia Pw pf (8). 1258 M)V- Glen Alden Coal, 2 Goldman Sachs. 2 1% Grt A&P T n-v(f’l) 1001 137% 136 136 Gulf Oilof Penna.. 39 31 28y Hollinger Goldt80c 13 Horn & Hardart(2) Hudson Bay Min. Humble Oil (2). Hydro Elec Secur... Imp Oil Ltd cou 50e Indus Finance ctfs Ins Coof N Am(2). Intercont Pete. Int Petrol (1) Int Products. nt Util A.. FESES e T 3 PR 61 6 19 27 3% 42 Lehigh Coal&N 40¢ Lone Star G béde. Loulsiana L & Ex Mavis Bot Memphis ) Montgem W; lrd(A) llfll Mount & Gulf..... Nat Bella Hess. Nat Fuel Gas (1 Nat Investors anwn meERemn p® Nat Service. . Nat Sugar NJ (2). New Bradford Oil. . New Eng Pwr pf(6)120s New Jersey Zinc2. 4 Newmont Mining.. 3 NYPw&Ltpf (1) 25s New York Cotton Special Dispatch to The Star. NEW YORK, April 6—Opening cot- ton prices here today were generally lower, following the steady market in e ‘were: llg 6.41, ;_July, 657, up 1; 6.77, off 2; December, uo. off 2; Janu- ary, 6.97, off 2; March, 7.10, off 1. NEW YORK EGG MARKET NEW YORK, April 6 (Bpech\)— Quotations for eggs in ush mrkzt today were: packs,’ 14 16‘ mndlxdg 1414 b firsts, ll%lld flntfi‘ 13%a13%; zeo- onds, u%- % ;. medlun. 12a1215; dirties, 121 ; checks, 11a11,. Nenny nleeted. 21 l/;m% ‘Western re- ipts, 82014; standards, 168 n unde: , 1415815, Browns— Nearby and Western packs, 16a 18; standards, 1412a15 Market Averages By the Associated Press. Freves PPPsfigu £3 o e 22535882 DDRDND b B NB D Wbl B o 5 0 -10m 05 3330 SERR3SIAZae Przisisis- 2B isto} 8 2o9saseazaset] 8823p8uszsnentg, i W OEEE Guaranteeing The Trade Mark Satissaction For STENO SUPPLIES that create best impressions see STOCEE |9 g =1 nonugn% g‘tlofl.& SHINGTON.D.& WHETHER IT’S A First Trust Loan on improved Real Estate INSURANCE of any kind” REAL ESTATE you wish to sell or purchase INVESTMENT in 1st Mortgage Notes yu?m‘:mlnmd Consult Floyd E. Davis Co. 733 12th_Street N.W. v NATL. 0353 ESTABLISHED OVER 40 YEARS ! FINANCIAL. A—15 AUTOMOBLLE TRADE | GANS IN BRITAIN 'A"“.Both Domestic and Export Markets Have Shown Marked Improvement. FX¥ Stock and Bale— Dividend Rate. Add 00. High. la' N Y Shipbldg (10c) 25 6% Niag Hud Pwr (1). ' North Europ Oil, .. No N Y Util pf (7). 258 Nor Sta Pwr(A)(4) 2 Ohlo Copper. Pac G&E 1st pf 1% Pan Am Alrways. . 1 Parke Davis (1). 12 Parker Rust P 2% IWI Penroad Corp..... Penn Wat& P (3). Pilot Radio Tube A Pioneer Geld (24c). Pitney Bowes P. .. Prudential Invest. . Pub Util Hld xw. Pub Util Hd cpf. .. Pure O1l pf (1%) Rossia Intl St Regis Pape: Salt Creek Prod (1) Seaboard Utilities. Segal Lock & Hrd. . Selected Industries Sel Ind all cfs(5%) 2508 Sherwin-Will (1).. 1 Singer Mtg Co (6). 508 Smith (A 0). .100s South Penn Oi1(1). Sowst Penn P&L 4. Stand Oil Ind (1).. 38 Stand Oil of Ky(1) 11 Stand Oil of Ohlo.. 50s Stand P&L pf (7)..150s Starrett Corppf... 3 Stutz Motor Car. 8 Swift&Co.... Swift lnl.rnll'l(ll Tech Hughes (60c) Technicolor. ...... Trans Lux DL PS. United Elec Serv. .. 4 BY JOSEPH GRIGG. 514 | Special Cable to The Star. 2% | LONDON, April 6—With a highly 4 |satisfactory increase in domestic de- 1% mand for popular-priced models and 2515 | with the export market steadily im- 1% |proving as a result of intensive sales | methods, the British motor car indus- % 1 1 5 1 8 1 3 108 S 1 1 2 7 1 ing 1931 the total number of Vs 2313723, but st the beginning of was at 1933 the number had increased to 2,239,567, and sales since January have exceeded those of last year. In 1931 the number of small cars was :15002 but at the start of 1933 they had crehsed to 365,959 and have eunnnutd \mdfly to mumply since. Thousands of persons who formeriy used motor cycles because the could not afford cars have now become owners of popular-priced 10 to 14 horsepower cars. This change-over is indicated in last year’s decrease of 26,000 In the number of motor cycle licenses issi t'the rate of 45 “iofi‘..‘m“"‘ Tmany a rate of $5 per wer, many W -be car owners were mmd afford machines of 20 over. Cars rated at over 20 horse- power declined from 84,833 in 1931 to “X:M ége b trade negotiations 'Mch % | Great Britain is now conducting with 19 countries that purchase annually a total of nearly $900,000,000 worth -of her goods, special efforts are bemng made to develop a market for motor cars and The motor industry o :!mh'i:menzt’y’enwtwmm C! study loreign markets, - Woolworth (F W) ticularly those in the . dmmm?rnfl Ltd (p24 2-5¢)... 18% colonies. Wright Harg t20c.. 3% 3% (Copyright, 1033.) Dividend rates in' doliars based on last ly or semi-annual i 41 1 LnnodGun( a).. United Lt & P (A). United Lt & Pwr pf U S Elec Pwr ww. . US ElPwgwar... U 8 Play Clrd (1 Utah Pwr & Lt p! Util Pwr & Lt. Util P&L pf (7 Util Equities. Util & Indust pt.., Walker (H) pf (1).. PARIS BOURSE PRICES. in | PARIS. April 6 (#).—Three rentes, 70 francs; 4)2 per cent rentes, 'h' ‘2: .hch on London, 86.88. The dol- romlatt i ar was quoted at 29435 cent RANDALL H. HAGNER & GOMPANY INCORPORATED REAL ESTATR N?13%/ Conmecliout Soonwa N W Competent Management of Rental Properties in All Sections of the City MORTGAGE LOAN CORRESPONDENT NOTICE 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 Columbia Building Association 716 Eleventh Street N.W, Member of Building Association Council of the District of Columbia M ORTGAGE THE INTEREST IS LIBERAL —and the secyrity is sound when you invest in our 6% FIRST MORTGAGES Forty Years of Experience The interest remains continuously the same and each piece of property concerned has been very carefully appraised. First Mortgage Investments May be purchased in amounts from $250 up. SAUL CO. + National 2100 925 15th St. N.\W. PROPERTY MANAGEMENT