Evening Star Newspaper, April 13, 1933, Page 14

Fl Department store sales in Washington March were off 26.4 per cent frcm e corresponding month a year ago, Yaccording to the monthly report made | oday by the Fed- 'eral Reserve Bank f Richmond. The e'lowing in the apital was con- [iderably better than the average !for the entire fifth district. Department store gales in the fifth ¥ederal Reserve district in March, 1933, averaged 29 per_cent less than sales in March, 1932, a not un- natural decrease in wiew of the occur- yence of Easter in March last year &nd of the bank holiday in March this year. The Richmond district ‘or March #was in eighth place amcng the 12 Re- gerve districts and compared unfavor- mbly with the national average decrease ©f 27 per cent in the month'’s sales. Cumulative sales in the district in the first three months of this year averaged 24 per cent less than sales in the first muarter of 1932, the district ranking in tie for fifth place and comparing favcrably with the national decline cf Ord Preston, NANCIAL, THE EVENING STAR, WASHINGTON, D. C. THURSDAY, APRII. 13, 193 FINANCIAL. TRANSACTIONS ON THE NEW YORK STOCK EXCHANGE Received by Private Wire Direct to The Star Office. v. 1933~ Stock and Low. Dividend Rate 13% Abrm & Straus 1.20.. 3 Adams Express 8 Adams Millls. o 7% Affiliated Prod 1.20. 4713 Air Reduction (3).... 7% Afrway Elec Appl...; 11% Alaska Juneau(60c). 7% Alleghany Corp. o 70% Allied Chem & D (6). 6 Allis-Chalmers Mfg 1815 Amerada Corp (2)...x 7% Am Ag Chem (Del).. 1 8 Am Bank Note. .. 1 34 Am Bank Note pt (3) 1 ' Am Beet Sugar. 2% Am Beet Sugar pf. 91y Am Brake Sh&F 60c 60 Am Brake Sh pf (7) 4913 Am Can (4). 112 AmCanpf (7). 614 Am Car & Foundry.. 15 Am Car&Foundry pf. 34 Am Chicle (13) 2 Am Colortype....... 13 Am Come'l Alcohol.. 37 Am & Foreign Pwr. . 6'x Am&Forgn Pw pf(6) 71 Am & For Pw pf (7). 4% Am & For Pw 2d pf.. 415 Am Haw Stship (1).. Am Ilide & Leath pf Am Home Prod (3). 3% Am Ice Co . 4'% Am International... % Am La France&Fom. 57% Am Locomotive...... 4« Am Locomotive pf... 8% Am Mach&Fdy(80c).x 3% Am Metal Co. ... . 4 Am Power & Light.. 9 AmP&L$5pf (1%). 974 Am P&L $6 pt (1%3) . 4% Am Radiator.... . 5% Am Rolling Mills. 10% AmSm&Ref....... 20% Am Sm & Ref 6% pf. 4% Am Steel Foundry 3734 Am Steel Fy pf (2 30 Am Stores (1213). 21' Am Sugar (2). 80 Am Sugar pf (7). 6 Am Sumatra Tob. 87% Am Tel & Tel (9) 49 Am Tobacco (5)..... 20s oo 11 . 2508 1 0 B N Y L T @ _a s 5 per cent i cumulative sales since anuary 1. Then;ccompmylng table shows indi- dual percentages for cities in which E;ll’e! or more stores reported for March khis year; the percentage comparison of les irf periods named with correspond- fig periods in 1932 being: a0 5 2ltimore, Md.. Charleston. W. ._B.. stores. State figures: irginia . West Virginia . s The Carolinas 3 Preston Notes Bank Anniversary. Ord Preston, president of the Union frrust Co., received many congratula- tions yesterday on his first anniversary Bs head of the institution. He was elected president April 12, 1932, suc- leeding the late Edward J. Stellwagen, who served the bank in the same ca- pacity for over 30 years, as well as be: I ing the leading sprit in the organization of the trust company. Mr. Preston is probably best known to the Washington public as a former president of the Washington Gas Light Co. He was head of the gas company for many years and was one of the Jeading stockholders. He made a vigor- ous fight against outside interests secur- 3ng control of the company and re- signed when the major part of the stock did go into the hands of people cutside of Washington. Since then control has returned to the Capital, fol- jowing the firm action taken by the Public Utilities Commission. ~ All the New York and Chicago men who worked so hard to.get control of .the gas company at that time, are now out of the picture. Mr. Preston was a member of the Executive Committee of ths Union Trust Co. for a long time before he was made president. He has served as a director in the bank for more than 20 years, A public-spirited citizen, he has rendered much valuable service to the Church Orphanage Association, Visiting ‘Nurses’ Society, the Community Chest end other similar organizations. He belongs to several local clubs and is a graduate of Yale. Commercial Gives Out Statements. The Commercial National Bank lobby was a lively place today as depositors called for the statements showing how much they had in checking accounts at the time the bank suspended on Feb- yuary 27. Only those having commer- cial accounts were accommodated, but it is the receiver’s intention to have similar information ready for the sav- ings depositors in a short time. It was announced yesterday that the bank would be open today and that depositors might call for the statements. Canceled checks are being retained for the present. There was a rush at the opening that reminded one of “busi- ness as usual” Depositors knew in a general way from their check books how much money they had in the bank, but many cid not know how many of their last checks had been cashed. It was to obtain these figures that so many people went to the bank today. Not until after the savings depositers have received their statements, will claims against the bank be received. ‘The banking situation in the city ‘was unchanged today. A group of Pavk Savings Bank depositors are to have a meeting at the Mount Pleasant branch of the Public Library tonight to hear a report from a committee that was ap- Pointed to obtain as much information as possible on the bank’s financial condition. J. W, Thompson of 23155 Nineteenth street northwest is chair- man of the committee. The commit- tee members hope to have a statement to present from the conservator, Rich- ard Hargreaves. The shortage in the bank’s funds has been placed as high as $1,600,000, but this figure has never been confirmed. In this case, the posi- tion of the conservator is said to be practically the same as that of a re- ceiver, as there is no chance that the bank can be reopened. Active Trading on D. C. Exchange. Trading was active on the Wash- ington Stock Exchange today, starting off with $1,000 sale in Washington Gas 55, 1958, at 85%, and $2,000 at 86. Washington Gas 6s, series B, came out in a small sale at 103%. After cail, these 6s appeared on the board again in small lots, but selling at 103%;. Washington Railway & Electric pre- ferred stock came out at 81% and 48 shares of Mergenthaler _Linotype changed hands at 23, an advance of 3 points over the last previous sales. Potomac Electric Power 6 per cent pre- ferred moved in two very small sales 8t _108. It was announced from the rostrum that the local exchange would be closed tomorrow, Good Friday. This action is similar to that of the New York Btock Exchange. The unlisted bonds were called today, at is was the last session of the week. An asked price of 16} was placed on Mayflower Hotel 6s and 32 is now being 2sked for National Press Building first 514 Both bid and asked prices are fractionally higher on Washington Buburban 5!s. Financial District Comment. Nomination of a ticket to be named Bs delegates to the American Institute of Banking convention in Chicago in June, will take place at the rooms of ‘Washington Chapter, A. I. ‘B, this evening. About 50 names will be selected from which the Washington delegation’ will be chosen at an election 1o be held on April 27. F. W. Woolworth Co. declared the regular quarterly dividend of 60 cents on the common stack, d)lynble June 1 to stock of record April 24. General Foods Corporation declared & dividend of 40 cents on common stock, r’lblc May 15 to stock of record May ‘Previousl 50% am Tobacco (B) (5). 10 Am Type Fdrs pf. . 10% Am Water Works(1) 912 Am Wat Wks ctfs(1) 315 Am Woolen. . 22% Am Woolen pf. .. 4 Am Zinc & Lead. ‘Am Zinc & Lead pt. Anaconda Copper. % Anchor Cap (60c). Archer-Danfels (1).. Archer-Dan-pf (7) Armour of Il (A). Armour of 111 (B). Armour of Tl pf. ... 4 Arnold Constable 45 Artioom pf.... Associated Apparel. . Asso Dry Goods. Asso Dry G 1st pf. Asso Dry G 2d pf. Atchison. Atchison p: Atlantic Coast Line. . 12% Atlantic Refining(1). 9 Atlas Powder . 60 Atias Powder pf (6). 31% Auburn Auto (2).. 5% Aviation Corp (Del). .31 Baldwin Locomot..., 38 91 Baldwin Locomot pf. 120s 8% Baltimore & Ohio.... 9 915 Baltimore & Ohiopf. 3 68% Bamberger pf (63). 1003 Barnsdall Corp . 16 Bayuk Cigars. . Beatrice Creamery 5 Beatrice Crm pf (T).. Beech-Nut Pkg (3)... 3 4 Belding-Hemingway. Belg N Ry pt pf 4.09., 4 Bendix Aviation. . Best & Co..... . Bethlehem Steel..... Bethlehem Steel pf. Blaw Knox. . Bohn Alumn & Brass Borden Co (1.60) Borg Warner % Briggs Mfg Co...... 7 4 Bklyn Manhat Tran., 119 Bklyn Man Tr pf (6). Bklyn & Queens. ... Bklyn&Queens pf(6). % Brunswick-Balke. ... Bruns Term & Rwys. Bucyrus-Erie....... % Bucyrus-Eriecvpf.. Bucyrus-Erie pf (2). Budd Wheel. Bullard Co. . Burr Add Mach(40¢). 13 Butte Copper & Zinc.. 815 Byers (AM). —_— California Packing. . Calumet & Hecla. . ... Campbell-Wyant Fy. 4 Canada Dry G A (1). Canadian Pacific.. Cannon Mills (1).... 4 Case (JI) Co.. ' Case (J 1) pf (4).... Caterpillar Tractor.. Celanese COrp....... Cent Aguirre (1%).. Cerro de Pasco. ... Ches & Ohio (232)... % Chesapeake Corp (2). 4 Chi Great Westn pf.. 4 Chi Mil StP & Pac pf. % Chi & Northwestern.. Chi & Northwest pf.. Chi Pneumatic Tool ., 4# Chi R1& Pac 6% pf.. 2 Chi Yellow Cab (1).. 20s Chickasha Cot Of 5 Childs Company Chrysler Corp'n. City Ice & Fuel (2). Cluett-Peabody (1).. 3 4 Coca-ColaCo (7).... 1 Coca-Cola (A) (3)... 1 Colgate-Palm-Peet.. 5 Colg-Palm-P pf (6).. Colo Fuel & Iron.... Columb G&EI(bS0c). Columb Gas pf A(6). Columbia Pict vic. ... Columb Carbon (2 Come'l Credit (A) . 4 Comcl Cred pf (1%). Comcl Cred 1st(634). Comcl Cred pf B (2). Comcl Inv Trust (2). Comcl Solv (60¢). ... % Comwlth & Southn. . Congol-Nairn (60c).. Consol Cigar.... . Consol Cgr pr pf 6% . Con Cgr pr pf xwéle. Consol Cigar pf (7). Consol Film. onsol Film pf Consol Gas. (4).. Consol Gas NY pf(5) Consol Laundries.... Consol Oil Corp. ... Consol Textile . Container Corp (A). Zontainer Corp (B Contl Baking (A). Contl Baking (B). Contl Baking of (4) Contl Can (2)... . Contl Insur (1.20)... Contl Motors Contl Ol (Del) Corn Products (3) 4 Corn Prod pf (7) Coty Inc.... Cream of Wht t234.. Crown Cork & Seal. 4 Crown C&S pf (2.70), Crown W P 1st pf(4) Crucible Steel. . Crucible Stec) pf Cuha Co... Cuban-Am Sugar. “uban-Am Sugar pf. Cudahy Packing 2 Cartis Publishing. .. Curtis Publishing pt Curtiss-Wright Curtiss-Wright (A). Deere & Co pf (20c).. Delaware & Hudson. Del Lack & Westn. .. Diamond Match (1) Dome Mines (11.30). Dominfon Stores 1.20 Doug Afrcraft (75¢). Dresser(SR)Mfg(B) Drug Inc (3) = 3214 Dupont de Nem (2).. 1 98¢ Dupont deN db pf(6) 46 Eastman Kodak (3) 3% Faton Mg Co....... 10 Elec Auto-Lite. 1 Electric Boa B 1 Elec & Musical Instr. 3% Elee Pwr & Lt. . = 6': Elec Pwr&Lt §6 pf. .. 1 508 16 52 15 T 2 17 8 277 . 4 . 104 1 1% 17% 12 10% 10% 2% 29 Net. Low. Close. Chge. % +1% 40% +1% 99 + % 55% 2% 415 18% + % 2% 1% 4% 4+ % H ~Prev. 1033~ High. 141 2, 80 20% 2874 23% 110, 3% 21% 61y 14% 47% 18% 714 62% 64% Yesterds Stock and Sales Low. _ Dividend Rate. 7% Elec Pwr&Lt $7 pf. .. 21 Elec Storage Bat (2). 26 Endicott-Johnson(3) 107 Endicott-John pf (7). 615 Eqaitable Of BlA(1) 3% ErieRR....... 41 Erie RR1stpf... 7 Evans Auto Prod. 4 Fairbanks-Morse. Fairbanks-Morse pf. Fed Water Service A Fidelity-Phoen 1.20. . Filene's Sons pf 6% .. 4 Firestone T&R (40¢) . Firestone T&R pf(6) First Nat Strs (232) .. Florsheim pf (6).... Foster-Wheeler. ... Fourth Nat Inv 1.10. Fox Film (A). Freeport-Texas (2).. Gamewell Co Gen Am Investors. .. Gen Am Transport'n, Gen Asphalt. . Gen Baking (2). 4 Gen Bronze 2 Gen Cable pf. i Gen Electric (40¢) Gen Elec spee (60c). Gen Foods (1.60). ... Gen Gas & Elec (A).. Gen G&E 6% cvpLA. Gen Mills (3).......x Gen Motors (1) % Gen Motors pf (5). % Gen Outdoor Adv. 9 27y 31'% 107t 7 ° BoRantindnavitwalnem nolden Gen Realty & Util. 2 Gillette Saf Raz (1 Gimbel Bros. Gimbel Bros pf.. Glidden Co.... Gobel (Adolf). Gold Dust (120) Goodrich (B F) 9 Goodrich (BF) pf... 4 Goodyear Tire&Rub. Goody’r T&R 1st (2). Graham-Paig Granby Cons Grand Unfon. Grant (W T) (1) Great Northern pf Great Northern Ore.. Great West Sugar... 3 Great Wn Sug pf(7). 5808 Grigsby Grunow. ..., Guantanamo Sugar. . Gulf States Steel 114 Hahn Dept Stores. .. 6913 Helme (GW) (17). 15 Hercules Powder 1% 145 Homestake M($10).. Houdaille-Hersh(B). Househd Fin pf 4.20 Houston Ofl. ... Houston Oil (new Howe Sound (40¢). .. Hudson & Man (2%). Hudson Motor Car... Hupp Motors. ... % Illinois Central Industrial Rayon (2) Ingersoll-Rand(1%). Inland Steel 5 Inspiration Copper. . 4 Insuranshrs Del 15c.. Interboro Rap Trans. Intercont] Rubber. .. Interlake Iron. Int Agriculture. Int Bus Mach (6). Int Carriers Ltd 20c.. Int Cement. ... Int Combustion. Int Combustion pf... Int Harvester (60c) Int Harvester pf (7). 4 Int Hydro-Elec (A). Int Nickel of Can. Int Paper & Pwr ( Int Paper & Pwr (C). Int Paper & Pwrpf.. 2 2% Int Printg Ink pf (6) x 108 36% Int Salt (1%). 6 174 Int Silver. .. ¢ Int Silver pf. Int Tele & Teleg. 1. Interstate Dept St 23 Jewel Tea Co (3).... 12% Johns-Manville..... 106 K C P&Lt 15t pIB(6) 2% Kaufmann Dept St.. 6% Kayser (J) & Co. 7% Kelly Spring Tire. .. 6 XKelly-Sp Tire 6% pf 3% Kelvinator Corp. 73 Kennecott Copper-... . B% Kresge (SS).. 7 88 Kresge (SS) pf (1).. 27 Kress (S H) (f1).. [ - 4% 51 - 7 2% [ % . 6% 1 441 84 1% 51 = o wBaraoeaBrrnEoa Re0wRRE RN wan @ 40s 1415 Kroger Grocery (1 2215 3 834 371 Lambert Co (4). Lee Rubber & Tire Lehigh Valley R R Lehman Corp (2.40). Lehn & Fink (2)..... Libbey Owens Gl Liggett & Myers(15) Ligg & Myers B (t5). Ligg & Myers pf (7). Laly Tulip Cup (1%). Lima Locomotive. Loew’s Inc (1). . Loews Inc pf (6%).. Loft Inc. e 4 Loose-W s (2). Lorillard (P) (1.20).. Louisiana Oil. . . : Louisiana Oil pf..... Lou Gas&El A (1%). Louisville & Nash. .. Ludlum Steel McAndrew Forbes(1) 4 AcCrory Stores pf... Mclntyre P M(11%). McKeesport T P (4). McKesson & Robbins McKesson & Rob pt.. 4 Mack Trucks (1).... Macy (RH) & Co (2). Madison Sq Garden. . Magma Copper Manati Sugar. .. Manati Sugar pf. ; Mandel Bros........ Manhat Elev mod gtd Marine Midld (80c).. Marlin-Rock (1)..... 4 Marmon Motor Car.. Marshall Field & Co. Mathieson Alk (1%). Mathieson Alk pf(7). May Dept Stores (1) Maytag Co. Mengel Co. Mengel Co pf % Miami Copper. z Mid Continent Petm. Midland Steel Prod.. Minn Moline Pow. Mo Kan & Texas. ..., : Mo Kan & Texas pf.. Missouri Pacific. . ... Missourl Pacific pt. Monsanto Chem 1% . Montgomery Ward. . Morrell (J) & Co (2). Motor Meter G & El. Motor Products. 2 Motor Wheel Mullins Mfg. 5 Mullins Mfg pf. 13 N array Corp. . 117 Nash Motor. 4 Nat Dairy Prod 1.20. 7s Nat Distillers. - Nat Dist pr pf (2%). Nat Lead (5). . Nat Lead pf A (7). Nat Pwr & Lt (1). Nat Steel (50¢) Nat Suret 2 Nat Tea ( E Nevada Con Copper. Newton Steel N ¥ Central. N CChi & St Lpf. N Y N H & Hartford. NYNH& Hart pf.. N Y Ont & Western. . N ¥ Shipb’ldg (10e).. N Y Shipbldg pf (7). N Y Steam 1st pf(7). 17% Noranda Min (al.10). 111; Norfolk & West (8).. 4 North Am Aviation North Am (b8 %stk) . 9% Northern Pacific. . 1% Norwalk Tire & Rub. 14 4% 107 45 4% Oh1o Ofl........... 1% Oliver Farm Equip. . 31 Oliver FEQDrpfA.. 1% Omnibus Corp. . 10% Otis Elevator(60c) % Otls Steel 2% Otis Steel e 311; Owens 111 Glass (2). 1 Pacific Coast 2d pf... 150s Add 00. High. Net. Low. Close. Chge. 9% + 14 9% 27 31% 27% + R N N | * b L+ 4 Lttt + b 1% 1 1 ++++1 2ER #pFe =P Yesterday's Stock and Sales Dividend Rate. Add 00. PacificGas & El (2).. 9 Pacific Lighting (3).. 8 Pacific Mills 40s Pacific Tel & Tei (6). 4508 Packard Motor Car.. 146 Panhandle Pro&Ref.. 3 Panhandle P& Rpf.. 10s Park Utah . Pathe Exchange (A). Patino Mines. .. Penick & Ford (1 Penney (J C) (1.20).. Penn Dixie Cement. . Penna RR (h50c). ... Peoples Gas Chi (5). 2 Pere Marquette pf. .. Pere Marquette pr pt ~Prev. High, 31% 43% i) 81% 2% 1% M % O 1% 2% 1033— Low. 20 25% 65 1% 5% 251y Petrol Corp of Am Phelps Dodge. . . Phila & Read C&]1... Philip Morris&Co (1) Phillips Petroleum. . Phoenix Hos pf(3% Pierce Oil. Pierce Oil p! Pillsbury Flour(60c) 1pf.. Pitts U Pittston Co. .. Plymouth Oil Poor & Co (B). . Postal Tel&Cable pf. % Proctor & Gam(13). Pub Sve N J (2.80) Public Sve N, © NJ pf (8). Pullman Corp (3). 4 Pure Oil... Pure Oil pf Purity Bakerie 30 5% 3 - Radio Corp 61 Radio Corp pf (B)... Radio-Keith-Orph. .. Raybestos-Man (60c) : Reai Silk Hosier: Remington-Rand.... Reo Motor Car...... Republic Steel. Republic Steel pf.... Reynolds Tob B (3). % Richfield Oil........ Rossia Ins of Amer., . 17% Royal Dutch. . 42% 28 Safeway Stores (3).. 72 Safeway Strs pf (6).. 80% Safeway Strs pf (7). 614 St Joseph Lead. 1% St L-San Fran pf Schulte Retail Stores Seaboard Ofl (t30c).. 4 Sears Roebuck. .. Seneca Copper. ¢ ServelInc.... % Sharon Steel Ioop. 2 Sharp & Dohme. . Shattuck(FG) (24c). Shell Union Oil. Simmons Co. . Simms Petrolm( Skelly Oil. ... Skelly O11 pf ww Socony Vacuum 40c. So Port Ric Sug 1.60. South Cal Edison(2). Southern Pacific. ... Southern Railway. .. Southern Railway pf Spang Chaif pf...... Sparks-Withington. . * Standard Brands (1). Stand Gas & Elec Stand Gas&El pf ¢ Stand Invest Corp 4 Stand Oil Calif (2).. Stand Oil Exp pf (5). Stand ON N J (1).... Siewart Warner Stone & Webster. ... 2 Studebaker 13 T Studebaker pf. Sun Oil (1).. Sun Oil pf (6). Superior Ol % Symington (A). Sa praRelarb iRt EdrreRaiBleanBRBee3FER ~EnleBatanand oo aton @ -] M - Stock and Divi Telauto, Tennessee Corp. 4 Texas Corp (1)...... Tex Gult Sulphur(1) Tex Pacific Coal&Oil. '2 Tex Pacific Land Tr. Thatcher Mfg Co.... Thermo Third Thomp Tide W : Tide Water Assoc pf. Timken-Detroit Axle Timken Transamerica Corp. . Tri-Con! 20% Trico Products(2 2 Truscon Steel. 9% Uni Union C Ol of Calif (1) ion Pacific (6).... Union Pacific pf (4). Unit Aircraft. . Unit Biscuit (2). Unit C; Unit Co Co t 1 T T 1 U Yesterday's Sales Net. end Rate. Add 00. High. Low. Close. Chge graph (1)...x 1 9 9 + 1% 20 17 id Co. . x at Inv (90¢) . on Products. ter Asso Oil. Roller Bg(1) tl Corp. 1 D2 D 1 O 00 0t 1O DY Fisher (50¢) arb & C (1).. azz 2m <19 3954 bon. rp (40¢). Tp pf (3). +1% 1 1 - % U S Rubber 1st pf. 4 US Smig & Ref (1).. 2 US Smtg&Ref pf 3% iv Leaf Tob (2) Util Pw Vadsco Vanadiu Va-Car 4 Va-Car 981 12% Vulcan Ward B: @ Warren Warren Warren Wesson Weston Westva Wilcox Wi'son Wilson 214 Yeliow 7% Youngs 10:30 A.M. 5 Unit of trading 4% in stock | stock. o Pavable (n % in stoc us tock. m Pald n Pavable in serip. Woolworth (2.40)... Worthington Pump. . ¢ Wrigley (Wm) (3).. —— 3% Zonite Products. .... Sales of Stocks on New York Exchange. a Paid last ¥ r& Lt (A) Sales Corp am Corp. alte. . Chemical. ... Chem 6% pf. Va Elec&Pw pt (6).. Detinning. .. Wabash pf (A).. aking (B). Ward Baking pf (1). Warn Bros Pictures Warner Quinlan. Bros. .. Bros cv pf.. Found & P. . 0 & Sn (50¢) West Pa Elec A (7).. i West Pa Elec pf (6). West Pa Elec pf (7). West Pa Pwr pf (6). West Pa Pwr pf (7 Western Dairy pf B.. Western Pacific pf Western Union. .. Westing’se Air B(1). Westinghouse Elec. . Elec Instru. ., co Chlorine. . = White Sewing Mach. Oil & Gas. ... & Co (A) & Co pf e +2 +1% — % 38% + W 3% + % 12% +1 %+ % Truck. town Sh Tn. 120,000 12:00 Noon. 310,000 . 1,270,000 Dividend rates as given in the above table are the annuai cash payments based on the latest quarterly or half-yearly declarations. less than 100 shares. 1 Partly extra. 3 Plus this year—no regular rate. b Payable in cash or stock. fPlus 8% it stock. h Plus $1 i special preferred stock k Plus 3% in ear—no regular rate. nPlus 5% in stock. EMPLOYMENT GAINS NOTED IN BALTIMORE, March Survey Shows the Largest Increase in Pay Rolls Since May, 1929. . Special Dispatch to The Star. BALTIMORE, April 13.—The great- | est number of new industrial workers given employment here for any single month since May 1929, is announced by the Industrial Bureau of the Bal- timpre Association of Commerce as the result of a March survey. In the report seven new industries and the expansion of three existing concerns are noted, requiring new labor of 1,259 workers and plant in- vestment of $561,000. Resumption of activity in local brew- eries and allied lines accounts for a large portion of the month's new in- dustrial activity, it is pointed out. About 750 brewery workers have been given jobs during the month, it was stated. A total of 150 were taken on at a bottle-cap manufacturing plant. SN oy U. S. TREASURY BALANCE. By the Associated Press. Treasury receipts for April 11 were $5,106,262.62; expenditures, $12,436,- 470.09; balance, $503,594,437.06. toms duties for 11 days of April were $6,270,696.89. U. S. TREASURY CERTIFICATES (Repotted by Chas. D. Barrey & Co.) Rate—Maturity. |25 “May 2, INVESTMENT TRUSTS NEW YORK., April 13 (#).—Over-the- counter market: Quotations as of 12 o'clock. Am Bank Stock . Bullock Fund Cumuiative Tr Sh'. Corporate Trust Corporate Trust AA Corp Tr AA Mod. ... Corporate Trust Accum Ser Corp Tr Accum Ser Mod... Dividend Shrs d Stand Coilat Trust Super of Am Tr A.. . Super of Am Tr AA. Super of Am Tr B Super of Am Tr BB Super of Am Tr C. Super of Am Tr D.. Trust Fund Shrs . Trusteed Am Bk A NEW YORK BANK STOCK NEW YORK, April 13 (#).—Over-the- counter market: (Quotaticns as of 2 o'clock.) BANKS. Bank of Manhattan (2 Chase National ( Public s - 23 TRUST COMPANIES. Bankers (3)..... Brooklyn Trust ( Central Hanover (7* hemical R0) Manufacturer: N Y Title & Mt Cus- |\ | dent CORPORATION REPORTS TRENDS AND PROSPECTS OF LEADING ORGANIZATIONS. NEW YORK, April 13—Following is today’s summary of corporation news prepared by Standard Statistics Co., Inc., New York, for the Associated Press: Automobiles. Nash Motors Co.—Racine plant of company which produces lower priced models is operating about two to three days a week, and body plant in Mil- waukee is running about the same; Kenosha plant, where higher priced line is made, is running somewhat lower; cars are being built only on order, and inventories are below the $1,000,000 mark; it is said that at present com- pany could probably show a small profit on a volume of 4,000 cars a quarter, Building, Real Estate and Related Lines American Radiator & Standard Sani- tary Corporation constructing a new plant in Switzerland to protect its busi- ness in that country. Electrical Equipment and Radio. Continental-Diamond Fibre Co. 1932 deficit $664,076 vs. deficit $217,313. Cutler-Hammer, Inc., shipmen three months ended March 31 tlgaled $585,480 vs. $844,192 in 1932 period; i coming business in quarter March 31, 1933, was reported to be three months. Food Products. General Foods Corporation--Dollar sales of company in first three months | of 1933 were lower but volume sales | were 6.6 per cent above like 1932 pe- | riod; business in first week of April equaled 28 per cent of volume in full month a year ago; frosted foods de- partment is still being operated at a loss, but it is believed that it is likely to be reduced about one-third from figure of last year. Investment Trusts. Electric Shareholdings Corporation— Directors deferred action on quarterly ment on which was $1.50 a share on March 1; net asset value April 10! equaled $92.29 a preferred share. Miscellaneous. Allied Mills, Inc., to build a $500,000 | mill in Norfolk for the processing, stor- ing and exporting of soy beans. - 0oil. Standard Oil Co. of California presi- says negotiations looking for acquisition of assets of Richfield Oil | Co. of California are still pending. SILVER QUOTATIONS. in | | slightly in excess of that of preceding | A dividend on preferred stock; last pay- | Cl BONDHOLDERS APPROVE RAIL ADJUSTMENT PLAN By the Associated Press. NEW YORK, April 13.—Having re- ceived consents from a sufficient pro- | portion of all classes of bondholders to | permit reorganization steps under the new bankruptcy law, the St. Louis- San Francisco Railway Readjustment | Committee will meet next week for nounced readjustment plan, E. N. announces. Holders of the bonds of the Kansas City, Fort Scctt & Memphis Railway, a subsidiary, ‘were slow in turning in their securities, | Brown, deposits put the total “just over the line.” CHICAGO DAIRY MARKET. CHICAGO, April 13 (#).—Butter, 8,371; easy; creamery specials (93 | score), 20a20%%; extras (92), 19%;; extra | firsts (90-91), 19%; firsts (88-89), 19; | standards (90 centralized car lots), 1195, Eggs, 35,148; steady, price un- changed. FOREIGN EXCHANGE. (Quotations furnished by W. B. Hibbs & Co.) Nominal gold Selling checks London, pound. Paris. franc ended | B Prague, Warsaw. Copenhagen, crown Oslo. crown....... Stockholm, erown. . Montreal, ‘discount.” 16%%. SHORT-TERM SECURITIES. (Reported by Chas. D. Barney & Co.) Allis-Chalmers Co. 5s 1937 & Tel. b Am. Wat. Wks. & Belding Hemingway | Bethlehem Steel Co. Canadian Nor. Ry. 4 Chi. Northwest. R. R. Chi Lor. Colorndo & So. Ry. 41 Commercial Credit 5i2s 1935. Delaware & Hudson 55 1935. Den. & Rio Grande 4'2s 1036 Edison Elec. Tllum 45 1939. . Gen. Petroleum Corp. bs 1 Public Service 5'as 1 Grand Trunk Cenada 6s Great Northern Ry. 7s 1 Keystone Telephone 55 1 Laclede Gas Light 5s 14 Louisyille & Nashville 5s New York Cent. & H. 45 N. Y. Chi. & t. L. 45 1 Notthwest. Telep. 4las 1 Penna. R.'R. Co. 6las 1§ Portland Gen. Elec. Republic Iron' & Steei 5s Sinclair Cons. Ol Co. 7s St. L. IMSR _R.&G. 4s Southern Pacific bs 19 1937 193: NEW YORK, April 13 ().—Bar silver | firm, % higher at 28%. | BALTIMORE N ust (5). Title Guara: United Ste'cs (660)/ _*Includes extra. | WASHINGTON Union EL Lt. & Pow. Union Ol Co. Calif. Virginia Ry. & Powel Wabash Rwy. Co. 719 Fifteenth Street MEtropolitan 3116 WILKES BARRE | final - 1 action on the previously an. g Brown, chairman of the committee, 1" ISTOCKS IN UPTURN ONBIGGER MARKET vanees Quickly in After- noon Trading. BY GEORGE T. HUGHES. | Special Dispatch to The Star. NEW YORK, April 13.—A broad up- ward movement in the stock market today followed discussion of the pros- pect of inflationary legislation in Wash- ington. It was accelerated by acute | weakness in the dollar abroad, which in turn was founded on the same re- ~ | ports. |, The market had opened quiet but | fractionally higher and it did not really start its upward swing until around midday. Then buying orders poured in from all quarters, especially for the so-called commodity stocks. The pace | was so fast that the tape could not kecp .!up when the buyinz was at its height, although there were intervals of rela- tive inactivity. The foreign exchange market was almost disorderly. Sterling, which had opened unchanged. was up hetween 5 and 6 cents in the early afternoon Francs, which also had started in un- changed, were up over 4 points at the same time. The Belgian bill advanced 14 points and the Swiss, 23 points. A good many of these quotations were nominal, but of one thing there could be no doubt—Europe was again selling the dollar. One of the reports to which the foreigners seemed to attach significance was that Premier Bennett of Canada would join President Roosevelt in a plan to revalue gold in terms of the dollar. The resolution introduced into the Senate by Senator Bankhead, calling for a report on the possibilities of inflation, was another influence in all the markets. All the commodities advanced with stocks. Rubber was the leader at new highs, closely followed by sugar. Wheat, fractionally lower at the opening, was up 1% to 2Y; cents in the afternoon. with September selling above 63 cents. In the stock market favored issues were the steels, the metal shares gen- erally, stocks in which the short in- terest was over-extended, of which Al- lied Chemical was the best example; the rubbers, which were urgently bought in sympathy with the strength in the commodity; some of the rails, including Union Pacific; to a moderate degree the motors, and at times the utilities, al- though they were not as active as the res’:'h of the list. o e stock market quieted down in the fourth hour, as the dollar rallied abroad. Foreign currencies were still sharply up on the day, but they came down from their high points and simul- taneously the volume in the stock mntlz_fl ‘f;ll off. ly in the day the gold stocks were favored, but they wmgneglea.nd When the main move got under way. Mc-~ Intyre Porcupine declared the quarterly dividend of 25 cents a plus an extra of 121, cents and a bonus of 121, cents, all in American funds. MecIntyer advanced over a point. Homestake moved up 4 or 5 points about the same time, DIVIDENDS ANNOUNCED NEW YORK, April 13 (#).— Reduced. 5 m"-‘!n“;mx. T s (P 3450 Q@ May 15 Pa)... d Extra, Am Dis Telof NJ.$15 .. Initial. Fund..bc .. 1 i .20 Canad Inv é 15, R g, Bk & Tr Co (Ahbllr;lo Col Tr Co (Balt Efec TFow® Ao Tos " ° Y = M S B 388 > 2 e a @ O 0OOOOD LOLONWOLWD B ngo &' ‘Susaue V: Bio thock ) Y £ § & Real Estate Securities Address BOX 147-R, Star Office [ MONEY TO LOAN On Owner-Occupied Homes in District of Columbia CURRENT RATES OF INTEREST FLOYD E. DAVIS CO. 733 12th St. N.W. National 0353 At Present Prices We Advise DIVIDEND SHARES Information Upon Re Ferris, W" ””& f.;;," n Securities ing e NAt. 5928 First Mortgages FOR SALE 6% Interest JAMES F. SHEA 643 Indiana Ave. N.W. NOW BEING DISTRIBUTED 1933 EDITION “Facts and Figures on Washington Securities” Public utilities’ earnings and valuable information regar ing capital structure, divi- dends, price range, taxable status, officers, etc., of local compantes, FURNISHED FREE UPON REQUEST Y. E. BOOKER & CO. Investment Bankers American Security Building Metropolitan 1304 MEMBERS WASHINGTON STOCK EXCHANGE Direct ‘Wire to New York