Evening Star Newspaper, April 12, 1933, Page 14

FINANCIAL, - GUDREELECTED - BANK, PRESIDENT Other Officers - Retained at Annual Meeting of Wash- ington Mechanics. BY EDWARD. C. STONE. Ezra Gould and all other officers and directors of the Washington Mechanics’ Savings Bank were re-elected at the annual meeting ‘of stockholders and organization of directors held late yes- these - cers for the coming year: Ezra Gould, president; Clarence F. Burton, vice resident and cashier; Dr.- Edward F. ord and A. S. Offutt, vice presi- dents; Mrs. M. H. Buckingham, secre- tary; Joseph M. McCarthy, B. Mehler, jr., and B. M. Grant, cashiers. The Washington Mechanics’ Savings Bank was one of the 20 local banks showing of any of the 12 Federal mne dmgtcu in the month recently on, the .value of ‘the basis of ‘the 1923-1925 mverage as 100, compared with 60 in February and with a year ago, the ording to ago, however, for the fact that the which was very early from a year ago. Jan.1 Report- Mareh. n:mu o i . 2.31.% stores.ci 3 e T W7 a1 Reserve_ district— —3: —30 3 28 —21 {'I I= 34 i 13 7 28 Uminary; t di tn:-:‘-.mni e B Theeaais number o less days this year and last year. * Bank Deposit Guarantees. Although bankers as a whole have no sympathy for any proposal to guar- sntee or insure deposits, contending, as encourage ure combined with steps to unify the banking system under the Federal Re- serve and with a prohibition against interest on demand deposits might be ‘welcomed.. The discontinuance of in- terest on demand deposits would effect an saving, possibly close to $1,000,000,000 a year for the banking system as & whole, unless it resulted in accounts, sgving the banks could well afford to contribute to a guaranty fund. Moreover, the newspaper adds, if all banks were subjected to uniform regu- lation under the Federal Reserve sys- tem, there would be. little opportunity for bad bankers taking advantage of the guaranty, to lure deposits out of good banks by the inducement of higher interest rates. It is probable that the chief argument of bankers in such a case will be that, given a unified system under strict supervision and without in- terest on demand deposits, there would be no need for a guaranty fund. Today's Trading on Exchange. Bonds received leading attention on the Washington Stock Exchange today. ‘The first bond sale was in Washington Gas Light 5s, 1958, $500 selling at 85%. ‘Washington Gas Light 5s, 1960, ap- peared on the board in a $500 transfer at 103%.% The remaining trading was in Washington Gas 6s, Series B, eight $100 bonds moving at 10315, In the stock department Potomac Electric Power 5! per cent preferred figured in two small sales, one at 106 and the other at 106%5. Directors of the Virginia Rallway today declared the regular quarterly dividend of $1.50 a share on the pre- ferred stock, payable May 1 to holders of record April 15. Heard in Financial District. Robert V. Fleming, president of the Riggs National Bank, is attending the meeting of the Executive Council of the American Bankers' Assaciation, now be- ing held at Augusta.Ga. While there, Mr. Fleming will make a report as chairman of the association's National Legislative Committee, covering what has taken place in legislative matters in Congress since the bankers' annual meeting last October. Richard Whitney, president of . the New York Stock Exchenge since early in 1930, and acting president of the ex- change during the panic of 1929, will begin his fourth term in that office following election of officers of the ex- chmfie on May 8. His renomination by the Nominating Committee of the ex- ch‘:‘m makes his election virtually cer- tain. As noted elsewhere in today’s Star, the receiver of ‘the Commercial Na- tional Bank announces that beginning tomorrow morning, holders of commer- cial accounts may call at the bank and obtain statements as to their standing at the time the bank suspended busi- ness on February 27. This applies to checking accounts only, an announce- ment for savings depositors being ex- pected shortly. This is an important announcement as it indicates an early opportunity for the filing of all claims against the bank. T. S. TREASURY CERTIFICATES by Chas. D. Barney & Co.) ‘Bid. Ofte: g 102 20-33 5% 15% 10% % 165% % 89% 121% 9% 25% 13% 3% 15 15% 62% 9% 22% 39% 6 8% 105 28% 3 19% 34% 47 391 8%, 35% 40% 95 9% 109% 63% 654, n7 18% NEW 39 Adams Express pf... 8 Adams Millis. 113% Alaska Juneau(60c). % Alleghany Corp. 70% Allied Chem & D (6). 116% Allied Chem 6 Allls-Chalmers Mfg. 18Y% Amerada Corp (2) 8 Am Bank Note. 1 Am Beet Sugar. 2% Am Beet Sugar pf 9% Am Brake Sh&F 60c. 49% Am Can (4)..... . 644 Am Car & Foundry.. 13 Am Comc’l Alcohol. . 1 A.n Encaustic Tiling Am & Foreign Pwr. . 6% Am&Forgn Pw pf(6) 7% Am & For Pw pf (7). 29% Am Home Prod (3).. 3% Am Ice Co. 4% Am International. 5% Am Locomotiv 17% Am Locomotive pf... 8% Am Mach&Fdy(80c). 3% Am Metal Co. . . 4 Am Power & Light 9 AmP&L$5pf (1%). 9% Am P&L $6 pf (1%) . 4% Am Radiator 3 ~81%3 Am Radiator 5% Am Rolling Mills. ... 11% Am Shipbuilding (2) 10% Am Sm & Ref. 20% Am Sm & Ref of. 31 Am Sm & Ref 7% pf. 321% Am Snuff (13%) . 4% Am Steel Foundry... 30 Am Stores (12%)...: 21% Am Sugar (2). . 80 Am Sugar pf (7).. 6 Am Sumatra Tob. 87% Am Tel & Tel (9) 49 Am Tobacco (5). 50% am Tobacco (B) (5). 102% Am Tobacco pf (6) 10 Am TypeFdrspf.... 10% Am Water Works(1) 915 Am Wat Wks ctfs(1) 35 Am Wat W 1st pf(6). 3% Am Woolen 22% Am Woolen pf. 2% Am Zinc & Lead. 9% Archer-Danfels (1).. 1% Armour of 111 (A). % Armour of Il (B).... 7 Armourof Ill pf. % Associated Appare! 3% Asso Dry Goods. 18 Asso Dry G 1st p! 15 Asso Dry G 2d pf. 34% Atchison. . 50 Atchison pf . 16% Atlantic Coast L . 12% Atlantic Refining(1). 9 Atlas Powder... 31% Auburn Auto (2) 51 Aviation Corp (Del). 3% Baldwin Locomot. 9% Baldwin Locomot pf. 8% Baltimore & Ohfo.... 915 Baltimore & Ohio pf. 20 Bang & Aroost (2)... 3 Barnsdall Corp Bayuk Cigars. 2% Briggs Mfg Co. 21% Bklyn Manhat Tran. 64 Bklyn Man Trpf (6). 3% Bklyn & Queen: 63% Bklyn Union Gas (5). 1% Brunswick-Balke. 2% Bucyrus-Erfe v pf. % Budd (EG) Mfg. 1 Budd Whee! 2% Bullard Co. . 6% Burr Add Mach(40c). 1 Butte & Superior.... 1% Butterick Co Byers (A M). —_— 7% California Packing. 2 - Calumet & Hecla. 7% Canada Dry-G A (1). 7% Canadian Pacific. 5% Caterpillar Tractor.. 4% Celanese Corp. ., 14 Cent Aguirre (1%) 5% Cerro de Pasco. . 24% "hes & Ohlo (2%)... 14% Chesapeake Corp (2). 2% Chi Great Westn pf., 1 ChiMilStP&Pac... 1% Chi Mil S§tP & Pac pf. 1% €hi & Northwestern. 2 . Chi& Northwest pf.. 2 ChiRock1& Pac.... 2% Chi R1& Pac 6% pf. 8% ChiR I & Pac 7% pf. 7% Chrysler Corp'n. 7% City lee & Fuel (2) 90 Cluett Peabody pf(7) 73% Cora-Cola Co (7) 7 Colgate-Palm-Peet 49 Colg-Palm-P pf (6).. 3% Colo Fuel & Iron. . 9 . Columb G&EI(b30c) . 59 Columb Gas pf A(6). 6% Columbia Pict vte. 23% Columb Carbon (2) 4 Commercial Credit. 181 Comel Cred pf (1%). 70 - Comcl Cred 1st(6%3). Comel Cred vf B (2). 18 Comcl Inv Trust (2), 84 Comci Inv cv pf(e§ 9 Comel Solv (60c) 1% Comwlth & Southn 21 Comwlth & Sou pf(6) 3 Conde Nast Pub. . 7% Congol-Nairn (60c).. 31 Consol Cgrprpf 6%. 41 Con Cgr prof xwé%. 40 Consol GasN Y (4).. 88 Consol Gas NY pf(5) Consol Oil Corp. Consol Textile Container Corp (A).. Zontainer Corp (B).. Contl Baking (B) Contl Can (2). Contl Insur (1.20)... Contl Motors. . Contl Ofl (Del) Corn Products (3 Cream of Wht +2 Crown Cork & Seal 4 Crown C&S pf (2.70). 9 Crucible Steel. . Crueible Stec] pf 5 Cuda Co. 4 Cuban-A “uban-Am Sugar p! 4 Cudahy Packing 2% Curtis Publishing pt 1% Curtiss-Wright. 2 Curtiss-Wright (A). 6% Deere & Co pt (20c) . 9! 35 ) 10% 3% 1'% 188 14% 63% 56 1% Delaware & Hudson. 4 Del Lack & Westn. .. Dome Mines (11.30). Doug Afreraft (76¢). Dresser (SR)Mfg(B) 29 Drug Ine (3).. . % Dupont de Nem ¢2). . Dupont deN dh pf(6) 46 Eastman Kodak (3). 314 Eaton MfgCo ... 10 Elec Auto-Lite. 1 Electric Boa . 1 Elec & Musical Instr 3% Elec Pwr & Lt : 21 Elec Storage Bat (2). 26 Endicott-Johnson(3) 4 Engineers Pub Sve. . 15 EngPSpfww (5%). 4% Erié RR1stpf. 4% Federal Lt&Tracion. 1% Fed Water Service A 7% Fed’d Dep Stra(60¢) 10% Fidelity-Phaen 1 20 9% Firestone T&R(40c). 42 Firestone T&R pf(6) 43 First NatStrs (2%) 4% Foster-Wheeler 2 Foundation Co. 13% Fourth Nat Inv 1. % Fox'Film (A) 164 Freeport-Texa: 42 n Am Inv pf ww 13% Gen Am Tank Car(1) 4% (en Asphalt. 13 Gen Raking (2 2% Gen Bronze 61 Gemn Cable pi 29 + GGen Cigar ¢ 10% Gen Electric (40c). 11% Gen Elec spec (60c) 21 Gen Foods (1.60). % Gen Gas & Elec (A . omaanveBann won afnniale B THE EVENING STAR, WASHINGTON, D. C., WEDNESDAY, APRIL 12, 1933. RISE IN INDUSTRIAL STOCKS LAID TO NEW MARKET.INTEREST FEFP 9 5% 14% 2% 14% 18 20% 3% 7 197 2% 15% 3% 1% 5% 15% 38% 31 19% 3% % 314 e 4% FREEFFLEEFFE &5 [P0 o ISR ll'Il; FERIR 28% 23% 62 8% 5% 11% 10% 100 21% l++L+++| , R 5% R R G | EPE EREFREERPT £ P8 FE FFEFEFERFEEFL EF 2EPF2 | ++ EFr 21! 130 T%h 31y 8 17% T 3 8. 2% 14 % 10% 5% 31% 43% 9% 2% 1% 1% & 2% ™ 1% 35 2% 1% 19% 78 10% 12% 6% 1+ FEFS Pr++1400 0444+ 19 11% 32% F REFFEREFES 14 11% 25% — K 42% 28 Btk 96 10 Gen Motors ( 65% Gen Motors pf ( 11% Gillette Saf Rasz (1 % Gimbel Bros. 3% Glidden Co. 3 Gobel (Adolf). 12 Gold Dust (1 20, 3 Goodrich (BF) 9% Goodyear Tire&! 27% Goody'r T&R 1st (2). 7% Gotham Silk Hoslery 1 Graham-Paige 3% Grand Unton. 16% Grant (W T) o 4% Great Northern p! 5% Great Northern Or 7 Great West Sugar. 72% Great Wn Sug pf(7). % Grigsby Grunow.... % Guantanamo Sugar.. 5 Guantanamo Sug pf. 214 Gulf Mobile&Nor pf. 6% Gulf States Steel 1% Hahn Dept Stores 9 - Hahn Dept Stores pf. 15 Hamilton Watch pf.. 156 Hercules Powder 1% 2% Hollander Sons. 3% Holland Furnac 145 Homestake M(110 1 Houdaille-Hersh(B: 8% Houston Ofl 1% Houston Oil 5% Howe Sound (40c’ 3 Hudson Motor Car. 8% Illinois Central.. Industrial Rayon (2) Ingersoll-Rand(1%). Inland Steel..... Inspiration Copper. Interboro Rap Trans. Interlake Iron. .. Int Bus Mach (6).... 6 Int Carriers Ltd 20c. 15708 Int Cement. . 9 4 Int Combustion Int Combustion pt. Int Harvester (§0c Int Harvester pt (7). Int Nickel of Can Int Nick Can pf ( 24% Int Shoe (2). 9% Int Silver... 24% Int Silver pt. 5% Int Tele & Teleg. .. 1% Interstate Dept St. 23 Jewel Tea Co (3).. 12% Johns-Manville. . 42 Johns-Manville pf... 6% Kayser (J) & Co. 314 Kelvinator Corp. 7% Kennecott Copper. 51 Kresge (SS).... 88 Kresge (SS) pf (7). 1415 Kroger Grocery (1). 22% Lambert Co (4).. 37% Lehman Corp (2.40). 4% Libbey Owens Glass. 49 Liggett & Myers(15) 49% Ligg & Myers B (15) 121 Ligg & Myers pf (7). 13 Laly Tulip Cup (1%) 10 Lima Locomotive 7% Link Belt (40¢) 8% Loew’s Inc (1). 1% Loft Inc. 19% Loose-Wiles Bis (2). 10% Lorillard (P) (1.20). 137% Lou Gas&El A (1%). 21% Louisville & Na; 13 MeCall Corpn (2) 18 Mcintyre P M(11%). 44% McKeesport TP (4). 1% McKesson & Robbins 3% McKesson & Rob pf.. 6 Man 5% Marine Midld (30c) 6 Marlin-Rock (1)... 14 hieson Alk (1%). 9% May Dept Stores (1). 8% Melville Shoe (120). 2 Mengel Co... 1% Miami Copper. 3% Mid Continent Petm. 3 Midland Steel Prod.. % Minn Moline Pow 1% Missouri Pacific. 1% Missouri Pacific pf. 25 Monsanto Chem 1% . 8% Montgomery Ward. % Mother Lode. 7% Motor Products. 13 Motor Wheel.... 1% Mullins Mfg..... 5 Mullins Mfg pf.. 1% Murray Corp........ 11% Nash Motor. .. 13 Nash Chat&StL 1% Nat Acme Co. 24 Nat Dist prpf (2%). 6% Nat Pwr &Lt (1) 15 Nat Steel (50¢) 2% Nat Surety. . 615 Nat Tea (60¢) 6% N Y Air Brake . 14 N Y Central.. . 11% N Y N H & Hartford. 18 NYNHE&Hartpf.. T% N Y Ont & Western. . 1% N Y Shipb'ldg (10¢). 81 N Y Shipbldg pf (7). 80 N Y Steam pf (6).... 17% Noranda Min (a1.10). 111% Norfolk & West (8).. 4 North Am Aviation.. 15% North Am (b8 %stk) . 5% North German Lloyd 9% Nerthern Pacific. ... 4% Ohlo Ofl.. . 1% Oliver Farm Equip.. 3% Oliver FEqDrpfA.. 1% Omnibus Corp. . . 10% Otis Elevator(60c) . 1 Otis Steel..... 2% Otis Steel pr pf.. 31% Owens Il Glass (2).. 20 Pacific Gas & El (2), 26% Pacifie Lighting (3). 6 Pacific Mills........ 1% Packard Motor Car.. 3% Panhandle Pro&Ref.. 4 Park Utah.. . % . 1% Pathe Exchange (A). 5% Patino Mines....... % 25% 19% % Penn Dixie Cement. 13% Penna RR (h50c). ... 44% Peoples Gas Chi (5). 415 Pere Marquette pf. .. 120s 6 Pere Marquette pr pf 2808 4% Petrol Corp of Am... 4% Phelps Dodge. . 72 21 Phila& ReadC&1.. 6 8 Philip Morris&Co(1) 3 4% Phillips Petroleum.. 93 1 Plerce Ofl...veusess. 1 3% Plerce Oil pt. 1 9% Pillsbury Flour(60c) 16 15% Pitts United pf. 140 6% Plymouth Ofl 1% Poor & Co (B)..... 4 Postal Tel&Cable pf. 19% Proctor & Gam(1%). 33% Pub Sve N J (2.80).. 70 Public Sve NJ pf (5) 80 PublicSve NI pf(6). 2 18 Pullman Corp (3)... 51 21 PureOil...... 3 30 PureOil pf (2).. 5% Purity Bakerfes (1). 3 ' ‘Radio Corp...... 13% Radio Corp pf (A)... 62 Radio Corp pf (B). 23% Reading Rwy (1) 21 Remington-Rand - Tie 1% 4 o 9 Republic Steel pf.... 261 Reynolds Tob B (3). 14 Richfleld O1l. 17% Royal Dutch. y Stores (3).. y Strs pt (7). S 108 115 108 YORK STOCK. EXCHANGE Received by Private Wire Direct to- The Star Office. STOCKS SELL OFF . = | INSMALL MARKET | et v Low. Close. Chse, 9 46 9 47 18% 68% 3 21 19% ¥ 12% 1% -1 + % - % =1 Favorable News Fa'ils to In- fluence Course of Prices. - Sugar Issues Strong. BY GEORGE T. HUGHES. Special Dispatch to The Star. NEW YORK, April 12.—Prices ranged lower in today’s stock market but on small volume and with no weakness. The best showing was made by the cil shares and a few specialties. Just before the close, covering lifted prices above the lows, but at no time during the session was the trading more than desuitory. Commodities reacted more than secu- rities. Wheat closed 1} to 133 cents a_bushel lower and corn was off 112 to 13 cents. Cotton was down about 50 cents a bale. Sugar futures were 1 to 2 points lower and silver in midafter- noon was off 35 to 40 points. There was no particular reason for the sell-off in either stocks or in staples. It appeared to be a case of realizing after a good-sized advance. On balance the news was favorable. The Iron Age reported the sharpest gain in steel production for any week this year, with output_at 19% per cent AR NS L FFREFFEEF FEFRFFEEER G O T e AT S8 e N &3 FEFE S 9 ago. week was down 4.5 per cent same week in 1932. Last Wednesday the correspong drop was 5.3 per cent, so that was a gain. Two favorable dividend announce- ments were made early in the day. Con- tinental Can declared the regular rate of 50 cents quarterly on its stock and Woolworth also ordered the regular 60- cent payment. There had been some doubt about the Woolworth action and the stock had been sold for short ac- count in expectation of a cut. These commitments were covered today Aat higher prices. About the only unfavorable item was the petition of a noteholder for the appointment of a receiver of Baldwin Locomotive. tinued as to the American Telephone dividend at _the next meeting and the stock was heavy in expectation' of. a pre new high ground. Metal stocks were steady, although unable to make prog- ress. Allied mical almost up the dividend which came up off the price today. There was good buying of the mail order stocks. mining 'list Dome made a good report, showing net before depletion equal to $2.09 a share in 1932 against $1.56 in 1931. New York Cotton Special Dispatch to The Star. z NEW YORK, April 1’.m!n{ cot- ton prices today were ly lower. At Liverpool prices were unchanged in mocerate trading. The New York-Cotton Exchange Serv- ice estimates the amount of cotton con- sumed by domestic mills in March at 489,000 bales, against the census bureau figures of 442,000 consumed in February and 489,000 in March, 1932. First quotations were: May, 6.64, un- changed; July, 6.80, unchanged; Oc- tober, 6.98, off 4; December, 7.11, off 5; January, 7.16, off 6; March, 7:30, off 5. Grain Market By the Associated Press. CHICAGO, April 12—Materia] set. backs of grain values here took place early today, influenced by the fact that the Liverpool wheat market did not re- yesterday's upturn this side of the Atlantic. Lower quotations on at New York were also a 2 to 1 cent lower, wheat afterward held near the initial limits. Corn started ¥-7% off, and subsequently sagged further. Much of the sel which accom- mniedvhucpfleedzc es was to real- ‘profits for recent buyers.. There was e e movement 50 - opic ous of late. A forecast of - le moisture relief for some sec! terri acted as an addi- FF EORF FEEFE 1434 had been heavy sales of cash wheat overnight to mills. Notice was also taken of an official statement m (1 be abandoned. Unofficial 25 cent reduction ared with last year. were bearishly aff rumPm offerings of corn. by enlarged EFFEF RFEREE FFE FFEERL$ -elollll( +1l+00 FEFEF 1933~ _ Stock and Low. Dividend Rate. 6'a St Joseph Lead. .. % Schulte Retail Store: 15 Seaboard Ofl (150c). 124 Sears Roebuck. .. 24 Second Nat Inv pf % Seneca Copper 1'% Servel Inc. ... . 21 Sharp & Dohm : 21% Sharp & Dohme pf(2 5% Shattuck(FG) (24c). 4 Shell Union Oll. 4% Stmmons Co. . 22 Skelly Ofl pf ww % Snider Packing. 6 Socony Vacuum 40c. 15% So Port Ric:Sug 1.60. 112 SoPort Rie S pf (8).~ 17% South Cal Edison(2). 11% Southern Pacific.... 4% Southern Raiiway... 5% Southern Rallway pf 4 Spalding (AG)...... 3% Sparks-Withington., 13% Standard Brandb (1). 5% Stand Gas & Elec. ... 8% Stand Gas&El pf (4). 17 ‘Stand Gas&El pf (6). 20 Stand Gas&El pf (7) 19% Stand Oil Calif (2).. 921 Stand Oil Exp pf (5). 22% Stand OIINJ (1).... 20 Sterling Secur cv pf. (N E =5 1+11 FEL ++ ¥ % Symington (A). 1% Tennessee Corp. 10% Texas Corp (1). 15% Tex Gulf Sulphur(1) 1% Tex Pacific Coal&Oil. 31 Tex Pacific Land Tr. 4% Third Avenue....... 5% Thompson Products. 31 Tide Water Asso Oll. 23% Tide Water Assoc pf. 1% Timken-Detroit Axle 13% Timken Roller Bg(1) 2% Transamerica Corp.. 2% Tri-Contl Corp,..... 41 Tri-Contl Corp pf(6). 20% Trico Products(2%). 2 _Truscon Steel....... 164 9% Und-Ell-Fisher(50c) 19% Union Carb&C (1).. 99 8 Un Ofl of Calif (1),. X 61% Union Pacific (§). 56 Union Pacific pf ( 104 Un Tank Car (1.40 16% Unit Afreraft. 13% Unit Biscuit (2) 4% Unit Corp (40c) o (O ot P last | Keys visions reflected firmness of big | vy p in Wall Street Is. - FINANCIAL.® Said to Be Accumulating Equities on Large Scale. Special Dispatch to The Star. NEW. YORK, April 13—There are there is medium through which this specula- tive instinct is now being expressed. n except ‘default. 1t | to respond h-?m the some of However, the doubts con-| wi) not ELECTRICITY QUTPUT CUTS DOWN DECLINE Consumption Only 4.5 Per Cent Below That of Last Year, Survey Reveals. By the Associated Press. NEW YORK, . April 12.—Elect-ic CORPORATION REPORTS TRENDS AND PROSPECTS OF LEADING ORGANIZATIONS. NEW YORK, April 12.—Following is teday’s summary of corporation news prepared . by Standard Statistics Co., Inc. New York, for .the Associated i power oiitput for the week ended April | Press 8, although moderately lower than that of the week, showed the small- est Emmz decline ‘from last year for y recent period. Consumption ran 4.5 per cent below the 1932 week. while in the previous week the Joss ‘was 53 per.cent. Last week's' output was 1,339,367,000 kilowatt hours, against 1,402,142,000 in the frevto\n week and 1,465,076,000 in o g ost of major geograj re- fiom recorded smaller declines from ast year than shown a week ago. The. Atlantie seaboard was Off 2.7 per cent. 1% sew Emgland, 38, againist ; New ; 1.2, and Pacific Coast, 6.8, against 5.7. Automobiles and Trucks. - Nash Motors Co. shipments in Febru- ary quarter estimated around 3,000 cars, ,¥s. 3,900 in like quarter of preceding | year. - Automobile Parts and Tires. Pisk Rubber Co.—Over 70 per cent ol bonds and notes have been .deposited with the Reorganization Committee, headed by A. G. Woed. Time for de- posit _has been extended to May 1. through the stock issues; surplus created would be applied to a charge-off of good will and to & write-down in in- 10" vestments. ing holiday went into effect.” SHORT-TERM SECURITIES. (Reported by Chas. D. Barney & Co.) Alls-Ohalmers Co_ Ss 1937 $33=: 283332 FEFE LR $335nezaes VT S Low. 24% 23% 14 3% 18 Leat! P&F ® FOFEE BF 28% 8 53 U S Steel 59 U S Toba 2 Ut Pwr S 14% +11 FER g22L- (R 21% 1% 24 Webster sEERER 51% West Pa 63 West Pa West Pa Western Westing’ +++0 1L I4++10 - +11 FEREFS FREEFFEF PEF EF Wileox Of Wiison & LR IS +%:1 39%. W 13% |44 AM payments based on . 1933~ Stock and Dividend Rate. Pipe&Fay (50c). Realty & Imp, Woolworth (2.40). 8 Worthington Pump. . 34% Wrigley (Wm) (3).. St AL L AL LAY +7 Yale & Towne (60e).. 4% 2% Yeliow Truek.. an % Youngstown Sh&Tn. 5% 3% Zonite Products..... 8 Sales of Stocks on New -York Exchange. $1 1n Fear—no .1. G. Farbenindustrie A. G. an- nounced a dividend of 7 per cent would on American depositary receipts 900 workmen. Procter & Gamble Co. declared reg- 1,-_’1"’i uhmdmflendol r-Bessemer tion: 1932 K, = Metals (Non-Ferrous). Smelting & Refining' Co. advanced price of lead 25 points to 3.25 cents & pound, New York. Miscellaneous. Knott Corporation 1932 deficit $179,- 279 vs. net income $218,207. ' oil. Continental Oil Co. proposes to stock from no par to $5 par; to a revaluation of Yesterday's Sales Mlzu High. 1+ her (A).. 1st pf 1.20. . I||Il_|_+l o (2). lceo (4.40) SEEFFRE FrEEs +11 e % Univ Pipe& Rad.... &Lt(A)... % Vadsco Sales Corp 7% Vanadfum Corp. 1% % Va-Car Chemieal 85% 68% Va Elec&Pw pf ( 12% Vulcan Detinning. Pl Bl Bl el T Ward Baking (B) . 24 Warn Bros Plcture: 43 Warren Brog. ... Warren Bros cv pf ., Eisenlohr. . 14 Wesson O & Sn (50¢) Elec A (7).. Elec pf (7). West Pa Pwr pf (6). Pwrpt (7). Unlon...... 'se Alr B(1). Westinghouse Elec. . 60% Westinghse 1st (3%) Weston El Inst A. ... Westvaco Chlorine. Wheeling Steel pf. i1 & Gas Co... oy SBe va 120, iven in the abave Intest quarterly or half- 12:00 Noom. Unat of trading lesa than 100 shares. + Paid_this year—no resular in cash or |~ Largest Supply of Metal in History. BY CHAS. P. SHAEFFER. Associated Press Business Writer. Britain's lted in the greatest accumulation 6f the metal in the history of that country. The present gold reserves of .the Bank of England are in the neighl hood of 177,400,000 sterling which compares with the previous highest total of 176,584,326 reported on m}amber 12 -31'3.' The immediate compares 121,293,000 pounds the record low level since si §8z . In order to avoid exhaustion of resources in the exchange fund, rs of the lun_d“‘h.ve for & g5 gids Poliey in that direction. will have to be guided hy what happens U. §. TREASURY BALANCE. By the Assoclated Press. Ty e &"m'?m‘r:" $23 750 10, . Cus- .82 ice, toms duties for 10 $5,737,346.19. INVESTMENT TRUSTS | NEW YORK, April 12 (#).—Over- the-counter market: Quotat:ons s of 12 o'clock. Am Bank Stock lock ’ days of April were i the-counter : ‘ (Quotations as of 2 O'clock.) i Banks. l Gas. 5's @ 86 - ) E f D's @ 25 fi;!%«f antidy BN COLONY COMPANY ' ME. 23721 Wash. Bide. A First Trust Lo.p INSURANCE of any kind REAL ESTATE * Floyd E. Davis Co. 733 12th Street N.W.. NATL. 0353 ¥ ESTABLISHED OVER 40 V?