Evening Star Newspaper, April 10, 1933, Page 14

‘DEBT COLLECTIONS | "' REPORTED LOWER) - High. Effects of Bank Holiday I Noted by Credit f Men’s Survey. BY EDWARD C. STONE. ‘The Washington office of the Na- tional Credit Men's Association re- ggrtcd today that effects of the banking liday and numerous bank closing are clearly reflected in the April survey of collections and sales throughout the United States, both revealing a slump. The best revelation of the hamper- ing effect that lack of a circulating medium and exchange freedom has on | business comes in comparison with the survey released by the same organiza- tion in February, the last survey be- fore the bank holiday. In that month six cities reported good collections whereas in the current findings only two, Cedar Rapids, Iowa, and Fort Worth, Tex, are listed in the "good"l column. i In the current study 76 of the 96 cities report “slow” collections and 62 of the reports list “slow” sales, per- centages being respectively 79 and 64 | per cent. Comparing these figures with the February totals reveals the extent to which business was hampered in March. Of 110 reports in that month 53, or 48 per cent noted “slow” col- lections, and 59, or 53 per cent felt “slow” sales. February's reports were about on an average with the months previous. Cedar Rapids and Ft. Worth, be-| sides listing “good” collections are also the sole cities in the *“good” sales column for the month. The Texas city finds “that despite the banking holidays, collections have been excep- tionally good, with indications of im- provement. Department stores report unusual buying. With confidence re- .stored, recovery is on the way.” Treasury Bank Move Lauded. Appointment of Walter J. Cummings of Chicago as assistant to Secretary Woodin, to take charge of the closed ¥ank situation, was highly praised in the local financial district today. The announcement that Assistant Secretary Cummings will devote special attention to the 13 closed banks in Washington aroused the most interest and comment. Both depositors and bank officials expressed the hope that things will move forward more rapidly in the future, ‘Washington bank depositors feel that they should be given more information about the banks in which their money is tied up. In some cases they have obtained practically no satisfaction whateveér as to plans for reopening, re- organization or liquidation. In such instances the conservators stated that they could give no information. Under the new plan it is hoped that the Treasury wil soon decide the future of each one of the closed banks and make an official announcement. If a bank is not to reopen, the depositors are anxious for liquidation to start, so that they may get the first payment and “other pnymen!sf, as rapidly as the assets of. are disposed Bank officials, who are working toward . the reopening of their institutions, re- sumed such efforts again today after a week end rest. “We hope for definite . announcement shortly” was all that “could be said. March Dividend Reductions Up. Dividend reductions were again large in March, the weighted average rate !on 600 stocks declining from $1.16 in February to $1.11 in March, according to the monthly compilation prepared by Moody's Investors Service. This decrease of 5 cents compares with a 4- cent decrease in February and an aver- . age monthly decrease of 1 cent for the five preceding months. In a_ separate compilation, Moody’s “shows that the general average of com- mon stock yields changed little during March, but there were sharp increases in the yields on utility, bank and in- surance stocks, while the yields on rail- road and industrial stocks were lower. The New York City bank stock market registered a substantial re- covery during the closing days of last week, the aggregate market value of the 16 leading issues ending the week with an advance of 58 per cent from the new low for 1933 established on April 5. The aggregate value of the 16 issues, as compiled by Hoit, Rose & Troster, ended the week at $1,127,450,- 000, an increase of $61,704,000 com- pared with the new 1933 low of $1.- 065,746,000 established on April 5. The aggregate value at the close of the previous week was $1,100,852,000. The 1933 high was $1,853,678,000 on Janu- ary 10, and the low point for the de- pression was $929,895,000, recorded on May 31, 1932. Little “Hoarded Gold” Held Here. According to local bankers, there is little so-called “hoarded gold” being held by Washington bank depositors. Announcement by President Roosevelt that all such gold must be deposited with the banks, the Treasury, or the Federal Reserve System, by May 1 has turned attention to the situation which _had already been brought to the front twice by letters from Gov. George J. Seay of the Federal Reserve Bank of Richmond. The letters asked for the ames of those still holding large ounts of gold. m'l‘\duu thang $30,000,000 in gold and gold certificates has been turned over o the Treasury from the fifth Federal reserve district since the anti-hoarding campaign started. Slgil:g the drive was revived a few days ago by the President, there has been no notable influx of gold in the local banks and only a limited amount more is expected, bankers said today. Today’s Trading on Exchange. The week’s trading on the Washing- ton Stock Exchange started today with a small sale in Potomac Electric Power 6 per cent preferred stock at 108, same as the last previous sale. A small lot of the same corporation’s 5!z per cent stock moved at 107. Washington Railway & Electric pre- ferred figured in two small-lot sales at 83. After call 10 more shares of the same stock sold at the same price. In the bond division, $1,000 Capital Traction 5s came out at 40 and $1,000 Washington Gas Light 5s, 1960, moved at 104. The day’s market closed with 10 shares of Potomac Electric Power 5% per cent preferred changing hands at 106, Broader interest was manifested in the New York Stock Exchange again today, local broker offices being well filled” when trading opened for the The increased strength in stocks, specially the advances in the com- modity markets, have aroused consider- ably more public interest. Baden Addresses Insurance Club. ‘William H. Baden, vice president and trust officer of the Washington Loan & Trust Co. addressed the New York Life Agents’ Club at its regular monthly luncheon. R He pointed out the value of life in- surance to individuals and especially to business concerns during these days of depression and predicted an_increase in popularity in this form of investment in years to come. Insurance com- panies have proved their reliability, he sald, and will enjoy an increasing pop- ularity as conditions become more normal. The life insurance trust was said to offer conciderable good to the bene- ficiaries and several cases were cited in which individuals have been helped by receiving the payment of life insurance settlements according to certain trust agreements drawn up by the policy holders before their death. Earl D. Krewson, agency director of the Washington branch office, made several announcements and Albert W. Boehringer, chairman of the club, pre- sided. Others on the committee are Alma McCrum and Warren Stone, 4 [ 5% 15% 104 2% 10t 6415 15% 1% 2% 897 121% 116% Allied Chem pt (7)... 95 6% 1 2314 14% 131 31y 13 14% 75 62% 91 20 40 22% 1% 9% 3% 1 1% 2 15 13% 1 3% 1% 14% TRANSACTIONS ON- Summary Sales Net. Add 00. High. Low. Close. Chge. 91 4% 4 % + % Stock and Lo Dividend Rate. 5% Addressograph 1% Adv Rumley...... 7% Affiliated Prod 1.20 47% Afr Reduction (3). 11% Alaska Juneau(60c. % Alleghany Corp. . 1% Alleg Cp pf $30 xW... 70% Allied Chem & D (6). 52; 3 +2% -5 + % 4% +2%4 6 Allis-Chalmers Mfg. +1% 5% Alpha Port Cement. % Amal Leather. . 1815 Amerada Corp (2). 7% Am Ag Chem (Del) & Am Bank Note. 1 Am Beet Suga 2% Am Beet Sugar pi 914 Am Brake Sh&F 6 60 Am Brake Sh pf (7). 491 Am Can (4) 6% Am Car & Foundry. 15 Am Car&Foundry pf. 3¢ Am Chicle (13).. 13 Am Comc'l Alcohol 1 A.n Encaustic Tiling 3% Am & Forelgn Pwr.. 7% Am & For Pw pf (7). 4% Am & For Pw 2d pf 1314 Am Hide & Leath 2915 Am Home Prod (3). 3% Am Ice Co.. .o 25 Amlcepf (6). 4% Am International 57 Am Locomotive 17% Am Locomotive pf. 8% Am Mach&Fdy(80c). 50 3% Am Metal Co. 3 151 Am Metal pt 1008 17 Am News (1 708 4 AmPower & Light.. 80 9 AmP&LS$5pf (1%).. 12 % Am P&L $6 pf (1%).. 27 4% Am Radiator. ... 411 813 Am Radiator pf (7).. 10s 5% Am Rolling Mills 87 20'4 Am Safety Razor (3) 6 % Am Ship&Com..... 2 11's Am Shipbuilding (2). 1308 10% Am Sm & Ref. . 361 20% Am Sm & Ref 6% pf. 19 31 AmSm&Ref7%pf. 15 3214 Am Snuff (13%)... 4% Am Steel Foundry . 37% Am Steel Fy pt (2). 30 Am Stores (t2%) 21% Am Sugar (2).. 80 Am Sugar pf (T). 6 Am Sumatra Tob.... 11 87% Am Tel & Tel (9).... 1112 49 Am Tobacco (5) 5 50% Am Tobacco (B) 415 Am Type Founder: 10 Am Type Fdrspf.... 10% Am Water Works(1) 915 Am Wat Wks ctfs(1) 315, Am Woolen. .. 22% Am Woolen pf % Am Writ Paper pf 21 Am Zinc & Lead..... 20 AmZinc& Leadpf... 1 5 Anaconda Copper.... 331 6214 Anchor Cap pf (6%). 108 9% Archer-Danfels (1).. 1 1% Armour of Ill (A)... 145 % Armour of Il (B).... 50 7 Armour of 11l pf 34 31 Asso Dry Goods. . 38 15 Asso Dry G 2d pf. 3 34% Atchison........... 471 16% Atlantic Coast Line.. 53 12% Atlantic Refining(1). 110 9 Atlas Powder. R 31% Auburn Auto ( % Austin Nichols. + % 9% Baldwin Locomot p 8% Baltimore & Ohio.... 196 9% Baltimore & Ohlo pf. 59 Barnsdall Corp. 112 Bayuk Ciga Beatrice Creamery.. 16 Beatrice Crm pf (7) 3 Beech-Nut Pkg (3)... 13 Belding-Hemingway. 27 Bendix Aviation 77 Best & Co. Bethlehem Bethlehem Steel pf.. Bigelow-Sanford. Bohn Alumn & Brass Bon Ami (A) (5) Borden Co (1.60). 514 Borg Warner. 2% Briggs Mg Co 21% Bklyn Manhat Tran.. 64 Bklyn Man Tr pf (6). 1% Brunswick-Balke. % Bruns Term & Rwys. 2 Bucyrus-Erie... % Budd (E G) Mfg. 1 Budd Wheel 215 Bullard Co..... 6% Burr Add Mach(40c). 1 Bush Terminal...... % Butte Copper & Zinc. 1 Butte & Superior.... 114 Butterick Co 814 Byers (A M) 7% California Packing. . 1% Callahan Zinc & Ld. . Calumet & Hecla.... 45 7% Canada Dry G A (1). 64 73% Canadian Pacific 279 14 Cannon Mills (1).... 28 41 Capital Admin (A).. 4 3015 Case (JI) Co....... 1628 40% Case (JT) pf (4).... 5% Caterpillar Tractof. . 434 Celanese Corp. . 14 Cent Aguirre (1%).. 5% Cerro de Pasco. ..... 714 Checker Cab Mfg. 24% “hes & Ohio (2%4) 147 Chesapeake Corp (2). 214 Chi Great Westn pf. 1 ChiMilStP & Pac... 1% Chi Mil StP & Pac pf. 1% Chi & Northwestern, 2 Chi& Northwest pf.. 2% Chi Pneumatie Tool. 5% Chi Pneu Tool pf.... Ve o2 gx ERFEEFR .3 ChiR1&Pac6% pf. 3% ChiR I & Pac 7% pf. 7% Chrysler Corp'n..... T4 City Ice & Fuel (2 45 City Ice&Fuel pf 6 314 Coca-Cola Co (7). 7 Colgate-Palm-Peet. . 3 Collins & Afkman. 31 Colo Fuel & Iron.... Colo Fuel & Iron pf.., 14 Colo & South 1st pf.. 9 Columb G&EI(bS0c) . 59 Columb Gas pf A(6). 6% Columbia Pict Vic. ... 23% Columb Carbon (2).. Commercial Credi Comc’l Credit (A). Comel Cred 1st(6%). 1808 Comel Iny Trust (2). 43 Comel Invev pf(e6). 3 9 Comel Solv (60c).... 866 1% Comwlth & Southn.. 58 Comwith & Sou pf(6) 23 7% Congol-Nairn (60c).. 17 314 Jonsol Cigar . 31 Consol Cgr prpf 6%. 5% Jonsol Film pt E 40 Consol GasN Y (4).. 88 Consol Gas NY pf(5) 214 Consol Laundries. ... 5 Consol Oil Corp. 1% Consol Textile. ..... 1'% Container Corp (A) 4 ontainer Corp (B) 3 Contl Baking (A). 13 Contl Baking (B). 35% Contl Can (2). 10% Contl Insur (1.20).. 1 Contl Motors. 4% Contl Ofl (Del). 4 14% Crown Cork & Seal. 24% Crown C&S pf (2.70). 14 Crown Zellerbach 9 Crucible Steel. . 16 Crucible Stecl pf. 1% CuhaCo....... . 1% Cuban-Am Sugar. 5 10 ~“uban-Am Sugar pf. 1720s 35 20% Cudahy Packing 2% 615 Curtis Publishing. 30 Curtis Publishing pf. 114 Curtiss-Wright.. 2 Curtiss-Wright (A). 614 Deere & Co pf (20c).. 61% 375 Delaware & Hudson. Del Lack & Westn Detroft Edison (4). % Diamond Match (1). Diamond Mach pf 134 Dome Mines (+1.30). 4 Dominion Stores 1.20 14y Doug Afreraft (75¢). 184 Dresser Mfg (A). 3 29 Drug Ine (3)... 200 35% Dunhill Internat] 4 1% 3214 Dupont de Nem (2).. 545 40 1ix Eastern Roll Mills. B 46 Eastman Kodak (3).. 155 54 ~Prev. 1933~ High. 6 18% 2014 25% 9ig 35 615 ™ 4% 19% 23 31 10% 18% 14% 63% 56 6% 10% 4 21 28% 233, 62 50 B 8% 2 5% 374 111 Stock and Low. Dividend Rate. 314 Faton Mfg Co. Elec Auto-Lite Electric Boat. Elec & Musical Instr., 4 Elec Pwr&Lt....... 4 Elec PWr&Lt $6 pf. .. Elec Pwr&Lt $7 pf. Elec Storage Bat (2). Engineers Pnb Sve. . EngPSpt ww (5%). Erie R ¢ Erie RR1stpf..... Eureka Va Cleaner. . 15 Fed Mines & Smit. 18 Fed Mines & Sm pf.. 1% Fed Water Service A 74 Fed'd Dep Strs(60c).. 10% Fidelity-Phoen 1.20. . 914 Firestone T&R(40c). 42 Firestone T&R pf(6) 43 First Nat Strs (2%). 67 Food Machinery..... 414 Foster-Wheeler..... Foundation Co . Fourth Nat Inv 1.10 Fox Film (A). . Freeport-Texa: Gamewell Co. .. % Gen Am Investors. .. Gen Am Inv pf ww 6. % Gen Am Tank Car(1) Gen Asphalt. . Gen Baking (2). 4 Gen Bronze. Gen Electric (40c) Gen Elec spec (60c) Gen Foods (2).... Gen Gas & Elec (A) Gen Mills (3)... Con Mills pf () Gen Motors (1). Gen Motors pf (5) Gen Outdoor Adv. 's Gen Outdoor Adv Gen Public Service.. 63 4 Cen Ry Signal (1) 9 Gen Realty & Util... 5 Glllette Saf Raz (1).. 308 Gillette Saf R pt (5). % Glidden Co. . Gobel (Adolf) Gold Dust (1.20) Gold Dust pf (6) Goodrich (B F). Goodyear Tire&Rub Goody'r T&R 1st (2). Gotham Silk Hoslery. Gotham S H pf (7)...1010s Graham-Paige Granby Consol Grand Unfon. . 4 Grant (W T) (1) Great Northern pt Great Northern Or Great West Sugar Great Wn Sug pf(7). 9 Grigsby Grunow Guantanamo Sug: Gulf States Steel. ... 16% Gulf States Stl 1st pf 108 Hacken Wat pf A1% 410s Hahn Dept Stores... 24 % Hayes Body. 3 Hercules Pow g 6 Hercules Pow pf (7). 30s 4% Hershey Choc pf(t5) 3 2 Holland Furnace. ... 3 Homestake M(110).. 45 Houdaille-Hersh(B). 1 Houston Ofl.... 33 1% Houston Oil (new).. 51 Howe Sound (40c) 3 Hudson Motor Car, 1% Hupp Motors 815 Illinois Central. 1% Indian Motor Cycl 24 Industrial Rayon (2) 19% Ingersoll-Rand(1%). 12 Inland Steel.... Inspiration Copp Insuranshrs Del 15¢.. Interlake Iron.... Int Agriculture pf. Int Bus Mach (6). Int Carriers Ltd 20c Int Cement..... Int Combustion. .. Int Combustion pf. Int Harvester (§0c) Int Hydro-Elec (A). Int Merchant Mari Int Nickel of Can. Int Nick Can pf (7).. 1 Int Paper & Pwr (B). Int Salt (1%). 9% Int Silver. . Int Silver pf. Int Tele & Teleg. ... Island Creek Coal(2) 23~ Jewel Tea Co (3) 12% Johns-Manvill 42 Johns-Manvillepf... 35 Jones & Laugh pf(1) 80s 7% Kennecott Copper. .. 513 Kresge (SS).... 88 Kresge (SS) pf (7).. 141 Kroger Grocery (1). 43% Laclede Gas pf (5) 22% Lambert Co (4). 3% Lee Rubber & Tire. .. Lehigh Valley Coal.. Lehigh Val Coal pf.. Lehigh Valley R R Lehman Corp (2.40). Lehn & Fink (2). . Libbey Owens Glass. Liggett & Myers(t5) Ligg & Myers B (15). Lima Locomotive. Link Belt (40c) Liquid Carbonie. Loew's Inc (1).... Loews Inc pf (6%) % Loft Inc 4 Loose-Wi (2). Lorillard (P) (1.20). Louisiana Oil. . 4 Loulsiana Oil pf..... Lou Gas&El A (1%). Loutsville & Nash. .. 4 Ludlum Steel 14% Ludlum Steel p MecCall Corpn (2).... MclIntyre P M(11%). 4414 McKeesport T P (4). 1% McKesson & Robbins 3% McKessbn & Rob pf.. 1313 Mack Trucks (1).... 24% Macy (RH) & Co (2). 5% Magma Copper % Manati Sugar = 6 Manhat Elev mod gtd 5% Manhattan Shirt 1 Maracaibo Oil Exp. .. 5% Marine Midld (80c).. 6 Marlin-Rock (1)..... 13 Marmon Motor Car. . 4% Marshall Field & Co. 14 Mathieson Alk (1%). 9% May Dept Stores (1). 1% Maytag Co. . 2 Mengel Co. 22 Mengel Co p: 1% Miami Copper. .. Mid Continent Petm. Midland Steel Prod. . Mid Stl Prd 1st pf(4). Min-H'well Reg (1) .. % Minn Moline Pow. Minn Moline P pf..., Minne StP&SSM 11 Mo Kan & Texas. Mo Kan & Texas pf.. Missouri Pacifio...... Missour! Pacific pf. Monsanto Chem 1% 4 Montgomery Ward, .. Morrell (J) &Co (2). Mother Lode. . N Motor Meter G & El.. Motor Products. ... Motor Wheel. Mullins Mfg. Mullins Mfg pf % Murray Corp. . Nash Motors (1). 4 Nat Acme Co. Nat Biscuit (2.80). % Nat Cash Reg (A)... %4 Nat Dairy Prod 1.20. Nat Distillers. 4 Nat Lead (5) Nat Pwr & Lt Nat Steel (50¢).. “ Nat Supply Co. Nat Supply pf. 4 Nat Surety.. Nat Tea (60c). . Nevada Con Copper. . Summary ~Prev. 1933— Stock and i Low. Dividend Rate. 1% N Y Shinb'ldg (10¢).. 446 31 NY Shipbldg pf (7). 12108 672 17% Noranda Min (a1.10). 93 4 North Am Aviation.. 71 15% North Am (b8 %stk). 270 50'% North Am Ed pf (6). 7 1% Norwalk Tire & Ru 4% Ohlo O11 - 1'% Oliver Farm Equip 3% Oliver FEqprpLA.. 1% Omnibus Corp. ...... 10 Otis Elevator(60c) 15 Otls Steel 10% 2% Otis Steel pr p 45% 3115 Owens I11 Glass 31% 20 Pacific Gas & El (2). 134 25% Pacific Lighting (3). _ 11 6 Pacific Mills. ... 7908 1% Packard Mofor Car., 233 13 Panhandle Pro&Ref.. 4 in Par-Publix cts. % Park Utah. . 3 Parmelee Transport. % Paths Exchange..... 4 1% Pathe Exchange (A). 15 5% Patino Mines........ 19 2514 Penick & Ford (1)... 64 19% Penney (J C) (1.20).. 183 % Penn Dixie Cement.. 8 414 Penn Dixie Cmtpf... 3 13% Penna RR (hi0c).... 295 44'% Peoples Gas Chi (5 8 Pere Marquette. 2 Pere Marquette pf... R0s Pere Marquette pr pf 200s % Petrol Corpof Am... 36 Phelps Dodge. . . 363 Phila& Read C&1... 9 Phillips Petroleum.. 88 Plerce Ofl pf........ 1 Pilerce Petroleum.... 11 Pillsbury Flour(60c) 16 PittsCoal........ 4 Pitts Steel pf Pitts United p Plymouth Oil. ... Port Ric Am Tob(A). Postal Tel&Cable pf. 2 Proctor & Gam(1%). 120 i Producers & Refin... 2 4 Pub Sve NJ (2.80)... 96 Public Sve NJ pf (6). 4 Pub Sve G&E pf (5). Pullman Corp (3). 3 Radio Corp. 19 13% Radio Corp pf (A)... 1 Radio-Keith-Orp! 5% RR Sec Il Cent Si 5% Real Silk Hosiery. 214 Remington-Rand 1% Reo Motor Car. 4 Republic Steel. 9 Republic Steel pt. 60 Reynolds Tob (3) 261 Reynolds Tob B (3).. 2 Rossia Ins of Amer.. 23 28 Safeway Stores (3).. 72 Safeway Strs pf (6). 130s 801 Safeway Strs pf (7). 6% St Joseph Lead...... 6 Schulte Ret Stor pf.. 15 Seaboard Ofl (150c).. 1% Seagrave Corp. 121 Sears Roebuck. 1% Second Nat Inv. 4 Seneca Copper. 1% ServelInc........ 11 Sharon Steel Hoop. 21 Sharp & Dohme. . 5% Shattuck(FG) (24c). 4 Shell Unfon Oil....... 2815 Shell Union Ol pf. 4% Simmons Co... Skelly OIl. . - Sloss-Sheft Steel pf. . Snider Packing % Socony Vacuum . 58 SolvAmpf ww(5%). 15% So Port Ric Sug 1.60. 17% South Cal Edison(2). 11% Southern Facific. 4% Southern Railway. 5% Southern Railway pf % Sparks-Withington. . 8 Spencer Kellogg(60c) 13% Standard Brands (1). 1 Stand Com Tobacco. . 5% Stand Gas & Elec 8% Stand Gas&El pf (4). 17 Stand Gas&El pf (6). Sales Add 00. High. 187 51% 9% Northern Pacific..... 231 13% 29% Northwest Tele (3) 28 . 1933~ i . s 20 Seewart Store & Studeba Tex Gul Timken Tri-Con! Tri-Con! Und-Ell * Unit Ga: % USInd u u u u U % Vadsco % Va-Car 6% 3% Va-Car 20% 12% Vulcan 2% 4% 2% Warren 14 7 Wesson 51% 63 LR REREEER ¥ EHEis Esress +4 Weston FrEReFEErEEE ¥ ‘Wright R e 10:30 A.M. . e Payabl stoct i plus " Pata last le in serio. Stock and Divid Stand Ges&EIpf (). 9 24 23 24 1914 Stand Ofl Calif (2).. 108 19% 19% 3 92', Stand Oil'Exp pf (3). 512 12% Stand Oil Kansa: Stand OII N J (1). 277 Univ Leaf Tob (2)... Util Pwr & Lt (A) 7% Vanadium Corp 85% 68% Va Elec&Pw pf (6) 108 8% 5% Waldorf System (1). 2 % Walworth Co.... 1 Warn Bros Picture: West PaElec A (7).. West Pa Elec pf (7). 5008 % Western Dairy pf B. . 2 4 Western Maryland. . 17% Western Union. ..... +2 11% Westing’se Air B(1). 118 + % 19% Westinghouse Elec.. 262 60% Westinghse 1st (3%) 120s Westvaco Chlorine. ‘Wheeling Steel. THE NEW YORK STOCK EXCHANGE Received by Private Wire Direct to The Star Office. Summary Sales Net. jend Rate Add 00 Hizh. Close. Chge. 247 - 9615 13% Warner. Webster. ker Cor| Studebaker pf 4 Superheater (50¢). Superior O11 Superior Ste Texas Corp (1). f Sulphur(1) Tex Pacific Coal&Oil. Tex Pacific Land Tr. ‘Thatcher Mfg Co.... % Thompson Products. Tide Water Asso Ofl. Tide Water Assoc pf. Tide Wat Oil pf (5) Timken-Detroit Axle Roller Bg(1) Transamerica Corp. . 1 Corp...... tl Corp pf(6). Truscon Steel h + % -Fisher (50c) Und-Ell-Fish pt (7). Union Carh & C (1).. Un Ol of Calif (1)... Union Pacific (§) Union Pacific pf (4). 4 Un Tank Car (1.40) 3 Unit Afrcraft. Unit Biscuit ( Unit Carbon. . # Unit Corp (40c) & Unit Corp pf (3). Unit Fruit (2). Unit Gas&Im (1.20). s&Im pf (5).. Unit Piece Dye Wks. US & Forn Secur.... U S & Forn Sec pf, U S Gypsum (1) Alcohol U S Leather. . Y k) U S Leather (A). . - 9 % U 8 Plpe&Fdy (50c). U S P&F 1st pf 1.20 Smtg & Ref (1).. S Smtg&Ref pt 314 Sales Corp. ot FEFFE FELESF Chemical Chem 6% pf. Detinning... 1508 e A Bros. .. . O & Sn (50¢c) —3% + % + % Elec Instru.. 11 + % + % + % Wilson & Co pf. ‘Wiison & Co (A). Woolworth (2.40) : Worthington Pump. . Aeronautical 120s 34% Wrigley (Wm) (3).. 19 e & Towne (60c).. 2% Yellow Truck. . 23% 18 Yellow Truck pf. . 608 6% 3% Young Spr & Wire. 2 13% 7% Youngstown Sh&Tn. 51 Sales of Stocks on New York Exchange. 360,000 ,120,000 in the 12:00 Noon. 860,000 1,220,000 8 given the latest quarter] Baltimore Markets Special Dispatch to The Star. BALTIMORE, Md., April 10.—White potatoes, per 100 pounds, 85a1.00; new, bushel, 1.25; sweet potatoes, bushel, 40 a90; yams, barrel, 1.75a1.60; asparagus, dozen bunches, 1.00a3.00; beans, bushel, 1.00a1.50; beets, per half crate, 1.00a1.25; cabbage, per ton, 15.00a17.00; carrots, bushel, 45a55; cauliflower, crate, 1.25a1.40; celery, crate, 1.25a plants, crate, 1.00a2.00; kale, bushel, 15a20; lettuce, crate, 3.75a4.75; onions, per 50 pounds, 60a75; lima beans, bushel, 2.25a3.00; peas, bushel, 2.00a 3.00; peppers, bushel, 75a1.50; spinach, crate, 1.50; squash, bushel, 1.50a2.00; tomatoes, Jug, 50a1.75; turnips, basket, 25a40; apples, bushel, 35a1.50; straw- berries, quart, grapefruit, box, 1.75a2.50; oranges, box, 2.00a3.25; tan- gerines, half box, 1.00a1.50. Dairy Markets. Live poultry—Turkeys, hens, pound, 23; gobblers, 17a18; old hens, 20; old toms, 14al5; capons, 20a25; young chickens, 20a22; broilers, 21a25; old hens, 11al5; Leghorns, 1l1al12; old roosters, 8a9; ducks, 11al3; guinea fowls, each, 25a45; pigeons, pair, 15a20. Eggs—Receipts, 1,093 cases; current receipts, 12%; duck eggs, 14al7. Butter—Good to fancy, creamery, pound, 19a211%; ladles, 15; store packed, 12a13; process butter, 162al7. Live Stock Market. Cittle—Receipts, 150 head, market active and higher. Steers, good and choice, 5.00a5.50; medium to good, 4.75a 5.00; fair to medium, 4.25a4.75; plain to fair,3.75a4.25; common to plain, 3.00a3.75. Bulls, medium to good, 3.00a 3.25; plain to medium, 2.50a3.00; plain to fair, 2.25a2.50; common to plain, 2.00a2.25. Cows, medium to good, 3.00a3.25; fair to medium, 2.50a3.00; plain to fair, 2.00a2.50; common to; plain, 1.50a2.00. Heifers, good to choice, 4.25a4.75; medium to good, 4.00a4.25; fair to medium, 3.50a4.00; fair, 3.00a3.50; common to plain, 2.50a 3.00. Fresh cows and Springers, 30.00a | Co 1800 | & 60.00. Sheep and lambs—Receipts, head, steady; sheep, 50a3.00; Spring lambs, good to choice, 7.50a8.50; com- mon to medium, 5.50a6.50. Hogs—Receipts, 2800 head, lower; lights, 4.0024.40; medium to good, 4.00a 4.45; heavies, 3.85a4.40; roughs, 2.25a 3.60; light pigs, 3.00a3.50; pigs, 3.60a 4.25; Western hogs, 10a20 higher. Calves—Receipts, 250 head, steady; good to choice, 5.25a6.00; common to medium, 3.25a4.75. Hay and Grain. L ‘Wheat—No. 2, red Winter, garlicky, | Supe: 70%; April, 7212; May, 73%. Corn—No. 2, yellow, spot, domestic, 49a50; barrel. | Oats—No. 2, white, domestic, as to| weight, 31a34; No. 3, 30a3l. 4 Rye—Nearby, 50a55. | Hay—Receipts, ncne. General hay market is quiet, but no surplus of good timothy. Prices range from 11.00a15.00 per ton, as to grade and kind. The poorer grades of hay are hard to sell | at any price. Market irregular on everything below No. 3 timothy. CHICAGO DAIRY MARKET. CHICAGO, April 10 () —Butter— Receipts, 9,873 tubs; firm; creamery specials (93 score), 19'.a20; extras (92), 19; extra firsts (90-91), 18%; firsts (88-89), 18,; standards (90, cen- tralized carlots), 19. Eggs—Receipts, 43390 cases; easy; extra firsts, 13; fresh graded firsts, lain " to | Am cob corn (new), 2.40a2.50 per | S UNFILLED U. S. STEEL ORDERS IN DECREASE Drop of 13,198 Tons in March Is Much Smaller Than ‘Was Expected. By the Associated Press. . NEW YORK, April 10.—Unfilled orders of the United States Steel Corporation decreased 13,198 tons in March to a total of 1,841,002 tons, a new record low since mm::m of the figures was started. In February decrease of mi rger - Wall Street as a result of the slacken- ing business that accompanied the March bank holidays. Operating ratios have since expanded ecnmunfiy. Or. March 31, 1932, orders total was 2,472,413 tons, a de- crease of 73,216 tons from PFebruary 29. FEARS OF BEER EASED Denver Woman Assured Streets Are as Safe as Before. DENVER (#).—Oscar Lindquist, po- lice desk sergeant, received a telephone call yesterday asking: “With all this new beer and all the drunks, will it be [safe for me and my daughter to come down town shopping today?” The sergeant assured the caller that up to that moment there had not been a single case of drunkenness all day, nor any Thursday night. INVESTMENT TRU-STS NEW YORK, April 10 (#).—Over-the- counter market ‘clock.) Corp Tr Accum Ser MOD Dividend "Shrs ... Fund Tr Sh oot o Trusteed Am Bk NEW YORK BANK STOCKS NEW YORK, April 10 (#).—Over- the-counter market: Quotations as of 2 o'clock. BANKS. Bid. Asked. Bx Manhattan (2) . Chase Natl (2) Natl City Public ¢2) ... TRUST COMPANIES. Bankers )’ . Bklyn Trusj Cen Han Chemical ntirent Corn Exch N Y Title & Mt 121;; current receipts, 11; storage packed firsts, extras, 13%. 131 storage packed | {) N Y Trost (3) ] & T (1.60) (91 score), 20; tub, 19; one-pound prints (90 score), 19; tub, 18. -Hennery, white, 12a12%; cur- 1lall%; Government 12; standards, 17; 25240; old, 15a20; capons, 25; slips, 18. Poultry, dressed — Turkeys, _hens, young, 19a23; old, 15a17; toms, 16a17; old, 11a13; chickens, hens, Leghorn hens, 1 , 3 1; 3 roasters, 20a22; mixed colored chickens, 17a19; keats, young, 28a43; old, 18a23; capons, 28; slips, 21. Meats—Beef, 10; veal, 11; lamb, 11: k loins, 12; fresh hams, 12; smoked strip bacon, 13; lard, Tl3; 4.00a4.50; grapefruit, limes, per 100, 2.00; tan- .75; hon , .50; pineapples, 4.00a4.50; rhubarb, 75; alligator pears, 3.50a4.50; X lettuce, Iceberg, string beans, 1.00a2.00; limas, shelled limas, quarts, 35; X E tomatoes, repacks, 3-pan, 1.00a 1.75; caulifiower, 1.60a1.75; ; carrots, crates, 1.15a1.25; crates, 1.15a1.50; okra, pan, 75; ugnuu. .00a3.50; spinach, 60a75; kale, 30a40: Spring onions, per 100 bunches. 1.00; squash, 1.75a2.00; salsify, per dozen bunches, 60; cucumbers, 1.50a3.50. PR PR s i Reich’s Bank Statement. BERLIN, April 10 (#).—The Reichs- bank statement as of April 7 shows the following changes in reichsmarks: Gold and bullion decreased 92,884,000, Teserve in foreign currencies increased 12,679,000, bills of exchange and checks increased 44,232,000, silver and other coins increased 23,746,000, notes on other banks increased 5,250,000, ad- vances decreased 137,609,000, invest- ments decreased 82,987,000, other assets decreased 122,057,000, notes in circu- lation decreased 87,166,000, other ma- turing obligations decreased 121,003,000, other labilities decreased 197,185,000. Total gold holdings, 645,761,000; note coverage, 22.0 per cent; rate of dis- ,» 4 per cent. U. 5. TREASURY BALANCE. By the Associated Press. ‘Treasury receipts for April 7 were 33291; expenditures, $20,692,- balan $535,543,408.38. Cus- toms duties for seven days of April were $4,350,451.57. Get Only “Near” Beer. tle G United States (60) . “Includes extra. cltizens who it to the | today’s stock market. STOCKS GO HIGHER IN ACTIVE TRADING Steel, Motor and Rail Groups Prominent on Advance. BY GEORGE T. HUGHES. ! Special Dispatch to The Star. NEW YORK, April 10 (#).—Purther me on the advance was made in The steels were leaders early in the day, with the metal chares, the motors, the rails and final- ly_the utilities falling into line. The market put a favorable construc- "tion on all news that in any way lg; mitted of it. It was encow the small decline in the United States | Steel tonnage statement and ignored the poor earni report of American Telephone & Telegraph and the mes- sage of Gov. Lehman asking further | restrictive measures against Public Utilities. The market was strongest in the last 15 minutes, when short covering on a large scale ccmbined with new buying pushed the list to the top of the movement. Steel common, Allied Chemical and American Telephone were in urgent demand at the end. The wheat market closed 1 to 1% cents higher and other grains were strong. Cotton ranged higher all day. The price of zinc was advanced 10 points. Wool tops were up 80 to 100 points. Silver futures rose 40 to 90 points. Activity was so great in the closing transactions that the tape fell two minutes behind. The steel shares were leaders at th» opening, as they had been in the last | half hour of 'business on Saturday. Trade reports were optimistic and th: buying covered all the active issues. National Steel was turned over in larg> volume at the highest of the year and Bethlehem Steel preferred, with a 3- point advance, also went into new high ground. Gains of a point to 2 and more were made by United Sut, Steel common and preferred. » Special strength was shown by group of merchandising stocks, includ- % |ing Kroger Grocery, J. C. Penny and Safeway Stores. The last named rallied 2 points. The alcohol stocks were strong for a time under the leadership of Owens-Illinois Glass, and the food shares advanced, with National Buscuit and Corn Products prominent. Short covering came into the utili- ties, with higher prices for Consolidated Gas and American Telephone. As a rule, however, this group was not as active as the industrials. Railroad shares came to the front a little later on reports that “good news” was coming out of Washington. The beneficiaries were Union Pacific, Atchi- son, Delaware & Hudson, and Atlantic Coast Line. Norfolk & Western ran up t:m;n ver‘y' small volume. pments Pullman was conspicuously strong. CHECK TOTAL INCREASES 29 PER CENT FOR WEEK By the Associated Press. Same week last year. Trade Gains in Chicago. CHICAGO, April 10 ().—A marked -up in trade for department stores, chain and independent Tes- taurants, hotels ¢ Secured by First Mortgages Safe—Conservative W, H. Saunders Co., Inc. : REALTORS Dist. 1016 1519 K St. ENTERPRISE SERIAL BUILDING ASSOCIATION 7th St. and Indiana Ave. N.W. 70th Series of stock now open for subscription Payments on shares $1.00 each, payable monthly E. Conn , President lcrlglrli.- Member of Buildin T o1 Bullding Association Counelt ‘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 or Rental Property you desire managed Consult Floyd E. Davis Co. 733 12th Street N.W. NATL. 0353 ESTABLISHED OVER 40 YEARS! NEW HOME FIRST MORTGAGES Paying 6 Per Cent Now Available Limited Amounts All based on new low construc- tion cost levels. All confined to restricted estab- lished Chevy Chase home com- munities. If a SAFER FORM of invest- ment is known we should like -to be informed of it. Dewominations, $250 to $1,000 Phone National 2345 [SHANNON & LUCHJ) Mortgage Department 1505 H Street N.W.