Evening Star Newspaper, April 25, 1933, Page 14

FINANCIAL. TRADE GAINS HELD IN FIFTH DISTRICT .- .- Retail Business Since Easter Has Shown Firm Trend, Bank Reports. BY EDWARD C. STONE. Retail trade in the fifth Federal Re-| serve district has held up well since | Easter, according to the Federal Reserve Bank of Richmond, and April is now | expected to compare favorably with the’ same month a year ago. April is far enough along to get an excellent indi- cation of what the whole month will| show and the results to date have been gratifying, Richmond bank officials state. Agricultural conditicns in the fifth| Reserve district remain favorable, the banking situation is showing continual improvement in this territory and an increased feeling of optimism is noted in the five States and the District of CO-I Jumbia | Present production of coal is ahead of the seascnal average. An improve- ment in railroad car movements is nlm' reported. At present the building situ- | ation seems to be the most unsatisfac- tory of any line in the fifth Reserve area Reports from the Atlanta area show gains in retail trade, volume comparing well with the same period a year ago. Atlanta als> reports gains in employ-; ment, in factory pay rolls and some 5| to 10 per cent salary increases. Th!J demand for building materials has also | picked up during the past few days. Junior Bankers Hold Debate. In the annual public speaking contest held by Washington Chapter. American Institute of Banking. last night at insti- | tute headquarters, E. Wallace Schriner of the First National Bank, Alcxandria, s red first place. J. Earl McGeary of W. B. Hibbs Co. | wen second place, and Alice G. Whitton | of the First National Bank of Alexan- dria was third. The other contestants were Henry W. | ‘Evans of the American Security & Trust Co., Ralph G. Whitton of the First Na- tional Bank of Alexandria, Richard Stringfellow of the Columbia National Bank and Willlam Blum of the Riggs| 2 National Bank. Mr. Schriner was awarded the bank | presidents’ trophy for one year and will‘ Tepresent Washington Chapter in the district contest to be held here on May 6, in which members from chapters in | Declaware, District of Columbia. er)'-‘ land, New Jersey, North Carolina, Penn- sylvania, Virginia and West Virginia will | compete for the honor cf representing | this district in the finals at the Chicago convention in June for the A. P. Gian- | nini educational endowment prize. Treasury Notes Payable in Gold. Notwithstanding the talk of dollar | devaluation, announcement of the Treasury offering of $500,000,000 275 per cent notes, due April 15, 1936, con- tained the usual statement that prin-| cipal and interest of the notes “will | be payable in United States gold coin | of the present standard of value.” A feature of the statement is that| the Secretary of the Treasury reserves the right “to increase the offering by an amount sufficient to allot in full all subscriptions up to $10,000.” Matur- irg certificates also will be allotted in full, if offered in exchange for the notes Books will be kept open several days for receipts of subscriptions up to $10,000. Purpose of this move was explained at the Treasury as cne giv- ing individuals and small investors every opportunity to invest in their Government. It is also believed that the administration hopes to reduce hoarding somewhat by this procedure. Banking institutions which have been licensed to resume their normal bank- ing functions are permitted to handle subscriptions in the usual manner. Un- ilcensed banking institutions are au- thorized to accept applications for sub- scribers and to hold in segregated ac- counts funds tendered in payment pend- ing transmittal to a Federal Reserve Bark or branch. Virginia Bank Joins Reserve. The Planters’ Bank & Trust Co. of Farmville, Va., with a capital of $50,000, has been admitted to membership in the Federal system, according to a ‘Treasury announcement. This state- ment follows Saturday’s report that the American Security & Trust Co. of this city had been admitted to Reserve membership. These two banks bring the number to 41 which have joined the system since the national banking holiday. . Local bankers continue to follow every move in connection with the Gla. banking bill with the greatest interest. Senator Glass states that some form of insurance on bank de- posits will remain in the bill. He made this statement after talking with Presi- dent Roosevelt. The branch banking provision was also discussed, he said. Senator Glass feels that the chances of passage of this bill have been given a real boost by the conference between the subcommittee of the Senate Bank- ing and Currency Committee and the President. Trading on Local Exchange. Washington Railway & Electric 4s opened the trading on the Washington Stock Exchange today. One $500 and three $1,000 sales were recorded at 85. After call, $1,000 Washington Gas Light 5s, 1958, came out at 811;. Bid- ding_then turned to stock. Ten shares of Mergenthaler Linotype moved at 235, 10 more at 233 and 4 more at 24 flat The day's final sales were four 10- share lots of Washington Railway & Electric_preferred, all made at 80. The Washington Stock Exchange will soon go on the Summer schedule, the daily session taking place an hour ear- lier than at present. The change takes place next Monday, when the New York Stock Exchange also changes its time. Commodity Prices Break Record. Wholesale commodity prices, last week, showed the largest weekly gain in several years according to the index of the National Fertilizer Association. ‘This index advanced 11 points during the latest week. During the preceding week there was a gain of 3 points and two weeks ago there was also an up- turn of 3 points. The index has ad- vanced 17 points during the latest three weeks, the largest continuous gain in more than two years. The latest index number, 58.2, is at about the same level as at the first of 1933. A year ago the index stood at 61.9. New Delivery Permit Urged. The Pennsylvania Railroad filed with the Interstate Commerce Commission an answer to a petition to suspend the tariff, now in the hands of the com- mission, covering the collection and de- | livery of freight in New York City and the metropolitan district of New Jersey, in which it is argued that dis- | cussion will not 'contribute toward the solution of the problem a fraction of what would be leamed by experiment. NEW YORK YORK BANK STOCKS NEW YORK, April 25 (#).—Over-the- counter market: Quotations as of 2 o'clock. BANKS. Bk Manhattan (2) ‘Bankers (3) . Bikiyn Trust (1) Cen Hanover (+7 Chemical (1 80y . Continental (1.20) Corn Ex(‘ll*: 3 xd. igh. 15% 14Y 15% 27 5% 20% 52 18 6219 56 6% 66% 12% 204 25 51 11% 60 354% 194 5% 27 11 514 33% 807 45% 82 40 % 4% 11% 14% 237 ki) 55 55% €0 13 9‘4 29‘& 3% 24 32 21% 3 1% 14% 52% 1 14 88 “13% 6 8% 30 19% 1% 10% 381 6% 24% 204 30% 97 18% 2% 50 10% 9% 615 49% 4% 11% 634 1 44% 56 5% 20% 2% 10 “% THE .EVENING STAR, W. S INGTON, D. C. TUESDAY, APRIL 25, 1933. FINANCIAL. STOCKS ARELOWER TRANSACTIONS ON THE NEW YORK STOCK EXCHANGE Recelved by Private Wire Direct to The Star Office. u- d Adams Millis. . Addressograph. . Adv Rumley. . 7% Affiliated Prod 1. 47% Air Reduction (3)... 11% Alaska Juneau(60c). 7 Alleghany Corp..... 1 Alleg Corp pf $30ww 8 109 300 4 b 6 Aileghany Steel..... 490s 5 70% Allied Chem & D (6). Allied Chem pf (7).. Allis-Chalmers Mfg. Amal Leather. . Amal Leather pf. Amerada Corp (2)... Am Ag Chem (Del).. Am Bank Note...... Am Bank Am Beet 8ugar. . 4 Am Beet Sugar pf. 163 3 52 7 I 18 ote pf (3) 120- 150 Am Brake Sh&F 60c. Am Can (4) Am Chicle (13) Am Colortype. Am Come’l Aleol A.n Encaustic Tiling Am European Secur. Am & Forelgn Pwr. . Am&Forgn Pw pf(§) Am & For Pw pf (7). Am & For Pw 24 pf.. Am Hide & Leather. . Am Hide & Leath pf. 4 Am Home Prod (3).. 4 Am International... Am La France&Fom. Am Locomotive. Am Locomotive pf... Am Mach&Fdy(80c). Am Mach & Metals. . Am Metal Co. Am Metal pf. Am Power & Lizht. . Am P&L $5 pf (1%). Am P&L $6 pf (1%). Am Radiator Am Rolling M: Am Safety Razor Am Ship & Com. Am Sm & Ref. Am Sm & Ref 6 Am Sm & Ref 1% pL Am Snuff (13%). Am Steel Foundry... Am Stores (12%).... Am Sugar (2)... Am Sugar pf (7). An: Sumatra Tob. Am Tel & Tel (9) Am Tobacco (5). Am Tobacco (B) (5) Am Tobacco pf (6) Am Type Founders. . Am Type Fars f.... 7 Am Water Works(1) Am Wat Wks ctfs(1) Am Woolen. . Am Woolen pf. Am Zinc & Lead. Anaconda Copper. 4 Anchor Cap (80c). Archer-Danfels (1).. Armour of Del pf( 4 Armour of T11 (A) Armour of 111 (B Armour of Tl pf. 4 Arnold Constable Asso Dry Goods Asso Dry G 2d pf.... Atchison. ..... Atchison pf (5). Atlantic Coast Line. Atlantic Refining(1). Atlas Powder. Atlas Powder pf (6). Auburn Auto (2) Austin Nichols. ..... 515 Aviation Corp (Del). 313 Baldwin Locomot. . . 9% Baldwin Locomot pf. 8% Baltimore & Ohio 915 Baltimore & Ohio 20 Bang & Aroost (2) 3 Barnsdall Corp 3% Bayuk Ciga 27 Bayuk Cig 1st vf( ). 130s 7 Beatrice Creamery.. 45 Beatrice Crm pf (7). 45 Beech-Nut Pkg (3).. 315 Belding-Hemingway 62% Belg N Ry pt pf 4.09. 6% Bendix Aviation. 9 Best&Co..... 10% Bethlehem Steel 25Y% Bethlehem Steel pf.. 64 Bigelow-Sanford. . 53 Bloomingdale pf (7) 24 Blumenthal pf 913 Bohn Alumn & Brass 52 Bon Ami (A) (15). 18 Borden Co (1.60) 5% Borg Warner 2% Briggs Mfg Co 21% Bklyn Manhat Tran. 64 Bklyn Man Tr pf (6). 35% Bklyn&Queens pf(6) 631 Bklyn Unlon Gas (5) 281 Brown Shoe (3). 15 Bruns Term & R 2 Bucyrus-Erle. 2% Bucyrus-Erle ¢ % Budd (EG) Mfg. 1 Budd Wheel. 214 Bullard Co.. 6% Burr Ada Mlch“oc) 1 Bush Terminal 14 Butte Copper & Zinc. 1 Butte & Superior 1% Butterick Co 7% Ualifornia Packing % Callahan Zinc & Ld 2 Calumet & Hecla 7% Canada Dry G A 7% Canadian Paeific. . 14 Cannon Mills (1) 414 Capital Admin (A).. pUY 2 16 34 50% Car Clin & O sta (5). l:ml 3015.Case (J 1) Co....... 40% Case (3 1) pf (4) 5% Caterpillar Tracto: 43 Celanese Corp. % Celotex Co. . 14 Cent Aguirre (1%) 2 Century Rib Mill 5% Cerro de Pasco. . 1 Certain-teed Prod. 734 Checker Cab Mfg. ... 24% Ches & Ohto (234)... 14% Chesapeake Corp (2) 1% Chi Great Western.. 213 Chi Great Westn Dl. . 2% Chi Pneumatic Tool 2 Chi Rock 1 & Pac. 2% Chi R1& Pac 6% 3% ChiR 1 & Pac7% of. 5 Chickasha Cot O(1). 2 Childs Company. . 6 Chile Copper. . 7% Chrysler Corp™n... T4 City Ice & Fuel (2 45 ity Ice&Fuel pf % City Stores..... 10 Cluett-Peabody (1] 73% Cora-Cola Co (7). . 7 Colgate-Palm-Peet. 3 Collins & Atkman 3% Colo Fuel & Iron. . 16 Colo Fuel & Iron pf.. 121 Colo & South 1st pf.. 9 Columb G&EI(b80c). 6% Columbia Pict vic. 23% Columb Carbon (2).. 4 Commercial Credit. 16 Comc'l Credit (A). 18% Comcl Cred pf B (2). 18 Comel Inv Trust (2). 84 Comcl Invev pfie6). 9 Comcl Solv (60¢).... 21 7% Congol-Nairn (80¢). . 6% Congress Cigar (1).. 3% Jonsol Cigar. . 41 Con Cgr pr of x 1% Consol Film... 5% Jonsol Film pf.. 40 ConsolGasN Y ( 83 Consol Gas NY DNH 2% Comnsel Laundri 5 Consol Oil Corp. 1% Cons RR of Cuba pf. % Consol Textile.... 1% Container Corp (A).. % Zontainer Corp (B).. 3% Contl Baking (B).... 36 Contl Baking of (4). 35% ContlCan (2)..... 314 Contl Diamond Fibre 10% Contl Insur (1.20)... 1 Contl Motors. . 4% Contl Ofl (Del). . 45% Corn Products (3) 2% Coty Ine....... Cream of Whtfll.. Qfl Crosley Radio.cceese i+ IRt (A R (REBEZ IR J [T TROR R R R (AR SR ARE A} - - - FEFFEFFFE ¥ sssesFses o FERFEFEEER g opes Yesterday's Bales Add 00. Migh. . 1083~ Stock and Low. Dividend Rate. 14% Crown Cork & Seal.. 24% Crown C&S pf (2.70 1 Crown Zellerbach 9 Crucible Steel 16 Crucible Stecl 3% Cuha Co, 1%’ Cuban-A: 10 “uban-Am Sugar pi 20% Cudahy Packing 2% . 6% “urtis Publishing. .. 80 Curtis Publishing pf 1% Curtiss-Wright..... 2 Curtiss-Wright (A). 74 ' Cushmans pf (7). 4% Cutler Hammer. 6% Deere & Co pf (20c). 37% Delaware & Hudson. 17% Del Lack & Westn. .. 48 Detroit Edison (4)... 10 Devue&Raynolds(A) 17% Diamond Match (1). 12 Dome Mines (11.30). 10% Dominion Stores 1.20 10% Doug Afrcraft (75¢ 6% Dresser Mfg (A). 2% Dresser(SR)Mfg: 29 Drug Inc (3). 32% Dupont de Ne: 97% Dupont deN db pf (6 1% Eastern Roll M{ 46 Eastman Kodak (l). 3% Eaton Mfg Co . L Eltlnnon—!thlld. 21 Elec Storage Bat (2) 26 Endicott-Johnson(3) 4 Engineers Pub Sve. . 15 EngPSpfww (5%). 615 Equitable Of Bld(1). 4% Erfe RR 1stpf. 214 Erie R R 2d pf. 3 Eureka Va Cleaner. . 2% Falrbanks-Morse. ... 10 Fairbanks-Morse pf. 4% Federal Lt&Traclon. % Federal Mot Truck. . 18 Fed Water Service A 7% Fed'd Dep Stra(60e). 10% Fidelity-Phoen 1.20. . 5 Fifth Ave Bus (64c). 1008 9 Filene's Sons (80c).. 30s 94 Firestone T&R(40c). 59 43 First NatStrs (23). 21 Follansbee Bros..... 3 41 Foster-Whealer. . 21 13% Fourth Nat Inv 1.10. % Fox Film (A).... 16% Freeport-Texas (2).. 9 6% Gamewell Co. 2% Gen Am Inves 13% Gen Am Trans ( 4% Gen Asphalt 13 Gen Baking 24 1% Gen Cable (A). Gen Cable pf. Gen Cigar (4) 4 Gen Electric (40c). . Gen Elec spec (60c). Gen Foods (1.60). ... Gen Gas & Elec (A). Gen Italian Ed h2.04. Gen Mills (3).. Can Mills pf (6). Gen Motors (1) Gen Motors pf (5)... Gen Outdoor Adv (A) Gen Printing Ink.... Gen Public Servic 4 Cen Ry Signal (1). Gen Realty & Util. . Gen Kealty & Util pf. Gen Refractorfes. ... Gillette Saf Raz (1). Gillette Saf R pf (5). Goodrich (BF) pf... 9% Goodyear Tire&Rub. 27% Goody’'r T&R 1st (2). T% Gotham Silk Hoslery 1 Graham-Paig 3% Granby Consol. 3% Grand Unfon. . 22% Grand Union pf (!) 15% Grant (W T) (1). 4% Great Northern pf. 5% Great Northern Ore. 7 Great West Sugar... 723 Great Wn Sug pf(7). % Grigsby Grunow.... % Guantanamo Sugar. . 1% Gulf Mobile & North. 6% Gulf States Steel. 1% Hahn Dept Stores 314 Hall W F Printing. 15 Hamilton Watch pf. 45% Hanna pf (7). 6% Harbison & Walker. % Hartman Corp (A). % Hartman Corp (B). % Hayes Body... 2 6915 Helme (GW) (17)... 18 16 Hercules Powder 1% 28 85 Hercules Pow pf (7). 30s 85% Hershey Choc (3)... x 145 Homestake M(110).. 1 Houdaille-Hersh(B). 8% Houston Oil... . 1% Houston Oil (new). 5% Howe Sound (40¢)... 11% Budson & Man (2%). 3 Hudson Motor Car... 1% Hupp Motors........ _— Thirois Central. .... % Indian Motor Cycle Indian Refining. . Industrial Rayon @) Ingersoll-Rand (1% ) Inland Steel........ Inspiration Copper. . Insuranshrs Del 15¢. Interboro Rap Trans. Intercontl Rubber. Interlake Iron. .. Int Carriers Ltd 20c 6% IntCement........ % Int Combustion. . 4 Int Comb pf ctfs. Int Combustion pf... Int Harvester (§0c).. Int Harvester pf (7). Int Hydro-Elec (A).. Int Merchant Marine Int Nickel of Can. 708 12 2 22 108 Int Salt (1%) 30 Int gll;ot (2) ’: Int b1 1408 44% 649 10% 5 13% Interstate Dept ——e e 23 Jewel Tea Co (3). 24% 12% Johns-Manville 62 42 Johns-Manvillepf... lWl . 12 6% Kansas City Southn. 9 16 12 Kan City Sou pf (2). 4% 2% Kaufmann Dept St. Kinney (G R) Co 4% Kinney (G R) Co pf. SWI 5% Kresge (S8)........ 182 14% Kroger Grocery (1). 91 387% Laclede Gas pf (5) 34 LenPortCmtpf3%. 2% Lehigh Val Coal pf.. 8% Lehigh Valley RR.. 37% Lehman Corp (2.40). 14 Lehn & Fink (2)..... 4% Libbey Owens Glass. 49 Liggett & Myers(15) % Ligg & Myers B (15) Ligg & Myers pf (7). Laly Tulip Cup (1%). Lima Ine. . 19% Loose-Wiles Bis (). 34 Loose-Wiles 1st (7). 1108 ll’ l! 10% Lorillard (P) (1.20). 214 18 % Loulsiana Ofl, u ID% 21% Louisville & 4 Ludlum Steel 13 MgCall Corpn (2) l(clntml’l('l*)- 44% McKeesport T P (4). 1% McKesson & Robbins 3% McKesson & Rob pf.. Ef Faws o8 ¥ ¥ OFEF 1H1IE1 + 4+ PELFEFEE F F EEE I+ + 41 L | T+ 4+ +40 1 1%+ e | | - FEEEF 1! ~ - i +11 ||+-.!;Ll++lxlll+l -;+ II.|°.l°+I++++IIIIII|I ERE FRE FEERR RESER EOFE O REFEESERFESINESL +ILLL ERE EE l ! ||++++| ++ s #s x s 1 6 Manhat Elev mod gtd % Maracaibo Oil Exp. . 5% Marine Midld (80c). 6 Marlin-Rock (1).. 3% Marmon Motor Car. . 4% Marshall Field & Co. 14 Mathieson Alk (13%). 9% May Dept Stores (1). 14 Maytag Co. . 8% Melviile Shoe (1.30). 2 Mengel Co. . . 22 Mengel Copf. 1% Miami Copper. 5 3% M1d Continent Petm. 3 Midland Steel Prod. . % Minn Moline Pow. .. 4 Minne StP&SSM11.. 5% Mo Kan & Texas. ... 113§ Mo Kan & Texas pf.. 1% Missour! Pacific 1% Missour! Pacific 7 Mohawk Carpet. 25 Monsanto Chem 8% Montgomery Ward. % Mother Lode % Motor Meter 7% Motor Produet: 1% Motor Wheel. 1% Mullins Mfg. . 5 Mullins Mfg pt. 1% ¥ rray Corp 'Nash Motor . Nash Chat & St L. Nat Acme Co. ... Nat Biscult (2.80) Nat Cash Reg (A) Nat Dairy Prod 1.20. Nat Distillers. . Nat Dist pr pt (2%4). Nat Lead (5). Nat Pwr & Lt Nat Ry Mex 24 p! Nat Steel (50c). Nat Supply Co. Nat Supply pf. Nat Surety. .. Nat Tea (60¢). Nevada Con Copper.. Newport Industries. Newton Steel. .. N Y Air Brak N Y Central. NCChi&StLpf. Dock. nvestors. H & Hartford. N H & Hart pf. . Ont & Western. . Shivb’ldg (10¢) . 4 N Y Steam 1st pf(7). Noranda Min (a1.10) Norfolk & West (8 North Am Aviatio North Am (b8 %stk). North Amer pf (3).. North Am Ed pf (6). 5% North German Lloyd 9% Northern Pacific.... 1% Norwalk Tire & Rub. 4% Ohio O11 1% Oliver Farm Equip. . 3% Oliver FEqprof A. 64 Omnibus pf A (8). 2222272722 9313 Otis Elev pr 6) 14 Otis Steel. 31% Owens I1] Glas: 12). 20 Pacific Gas & EI (1). 25% Pacific Lighting (3). 6 Pacific Mills. 65 Pacific Tel & T 1% Panhandle Pro&Ref. Par-Publix cts Park Utah . Parmelee Transport. Path- Exchange. . Pathe Exchange (A). Patino Mine: Penick & Ford (1)... Penney (J C) (1.20). Penn Coal & Coke. .. Penn Dixje Cement.. Penna RR (h50¢c).... Peoples DS pf (6%). Peoples Gas Chi (5). Pere Marquette. .... Pere Marquette pf. .. Pere Marquette pr pf 130s Petrol Corp of Am... Phelps Dodge. . . Phila& Read C&1.. Philip Morris&Co(1) Phillips Petroleum.. 291 Phoenix Hosiery.... 1008 Pjerce Oil. . 89 Plerce Oil pf. Pierce Petroleum. . . Pillsbury Flour(60¢c) Pitts Coal. Pitts Coal pf 1 Pitts Screw & Bolt. . 10 Pitts Steel pf. Pitts Terminal Port Ric Am Tob(B). 55 Postal Tel&Cable pf. 12 Prairie Pipe Lin 1 Pressed Steel Car... 7 Proctor & Gam(1%).x 99 Prod & Refiners pf... 20s Pub Sve N J (2.80).. % Public Sve NJ pf (5) 2 Public Sve NJ pf (6). Public Sve NJ pf (8). Pullman Corp (3)... PureOil...... Pure Oil pf (2)...... 1308 5% Purity Bakeries (1). 492 28% Reading Rwy (1). 25% Reading 1st pf (2) 5% Real Silk Hoslery... 25 Real Silk Hoslery Dl. 2% Remington-Rand. 1% Reo Motor Car.. 4 Republic Ste: 189 9 Republic Steel pf. 1% Revere Copper...... 1 7 Revere Cop & Brpf.. 80s 6 Reynolds Metals(1). 14 1% Reynolds Spring.... 1 60 Reynolds Tob (3). 1408 26% Reynolds Tob B (3). 457 % Richfield Ofl. .. . 3 2 Rossia Ins of Amer. 4 17% Royal Dutch, . 1 28 Safeway Stores (3) 57 RAILROAD EARNINGS. NEW YORK, April 25 (#).—Norfolk & Western ' Railway had first quarter net income of $3,234934 after taxes and charges, equal to $2.13 a common share, as compared with $2,365,929, or $1.52 a-share for the same period of 1932. The road’s March net operating income was $733,204 against $1,344,129 & year ago. March net operating income «f other roads today included: Read- ing Co., 1933, $824,008; 1932, $895,085. DIVIDENDS ANNOUNCED NEW YORK, April 25 (P).— Accumulated. Randall Co A.... Mn . Msy 1 "&‘EE&“%?‘ non-cum u..m 1 Tfik'l'x g&%fibfi «s May 16 F&f § 8y B e |17 Low. +_I_+l++|l F ORFEFELEE Solv Am & 4] apsssafs 288 N XS R B 92% 12% % Sterling 23 Stewart 15 Texas& Transue Truscon ] el 0 o 0 O o & EFPEFFESNT 44100 Y 1933~ Stock and Dividend Rate. 72 Safeway Strs pf (6). 80% Safeway Strs pf (7). 6% St Joseph Lead. . 1 St L-San Fran pf. % Schulte Retall Stores 6 Schulte Ret Stor pf.. 15 Seaboard Oll (t50c. 12% Sears Roebuck. ... 1% Second Nat Inv 24 Second Nat Inv % Seneca Copper. 1% Servel Inc. 1% Sharon Steel Hoop. .. 2% Sharp & Dohme 5% Shattuck(FG) (24¢). 4 Shell Union Oil. . ZB% Sheil Union Of1 Pf. .. % Sitmmons Co....... Simms Petrolmllfic) Skelly Ofl. . . Sloss-Sheft Steel D(. . Socony Vacuum 40c. 22% Stand Oil N J (1) 5% Stone & Webster. 1% Studebaker Corp. 9 Studebaker Corp p! 85 SunoOil(1)....... 7% Superheater (50c). % Superior Ofl. 2 Superior Steel 3% Symington (A) 8% Telautograph (1) 1% Tennessee Corp. . 10% Texas Corp (1). 15% Tex Gult Sulnhur(” 1% Tex Pacific Coal 31 Tex Pacific Land T 5 Thatcher Mfg Co 2% The Fair. Tri-Contl Corp. Tri-Contl Corp pf(6) ‘Trico Products(2%). Yesterday's Sal ptwwi(5%). 15% So Port Ric Sug 1.60. 174 South Cal Edison(2). 11% Southern Pacific. 4% Southern Rallway. 5% Southern Railway pf % Sparks-Withington. . Tl Spencer Kellogg (60c) 13% Standard Brands (1) 1 Stand Com Tobacco. . 5% Stand Gas & Elec. . 8% Stand Gas&El pf (4). 3 Stand Invest Corp. 193 Stand Ofl Calif (2 l'l_l | FEEE Secur (A Warner. I|I.|.++|+ FEF PFEEE Pacific PEEES B 1 Thermoid Co 4% Third Aven 10 Third Nat Inv (30c). 2 Thompson Starrett 4 Tide Water Asso Of 23% Tide Water Assoc pf. 115 Timken-Detroit Axle 13-. Timken Roller Bg(1) % Transamerica Corp. . & Willlam T4+ 1411+ Stee! Ulen & Co Und-Ell- Union Bag & Paper Union Carh & C (1) Un O1l of Calif (1) Union Pacific (§) Union Pacific pf (4). Un Tank Car (140).. Unit Afrcraft 1 '3 United Biscuit (1.60) Unit Biscuit pf (7).. Unit Carbon. . . Unit Corp (40c). Unit Corp pf (3). Unit Electric Coal. Unit Fruit (2)... F Unit Gas&Im (1.20 Unit Piece Dye Wk U S & Forn Secur. US & Forn Sec pf. U S Freight. .. caagacdaccac nunuRnnnn Vg% I+l sxef sy sFar resex 2% 1 6 oAl R (T I & RERFEESL 441 s Western 34% Wrigley 18% 0 A.M 3Uniy 4% in s DOLLAR PRICE IMPROVES WITH CANADA OFF GOLD By the Associated Press. NEW YORK, April 25.—The Ameri- can dollar was slightly firmer today in terms of Canadian exchange following announcement that Canada had passed an order in council suspending redemp- tion of Dominion notes in gold. Announcement of Canada’s action was regarded here as formal recognition of a situation which has been in existence since Great Britain went off the gold standard in September, 1931. Mill Operates at Capacity. SALISBURY, N. C., April 25 (P — | the hour Invetsment Bankers Meeting. mmmum-mu- 3 Amvfllhnuhmnul Western Maryland Western Pacific. Western Union. Westing'se Air BI!)- Westinghouse Elec. . Weston Elec Instru. Westinghse 1st (3%) Westvaco Chlorine. . White Rock M S (2). White Sewing Macl Wilcox Oil & G Wilson & Co. 4 Wiison& Co (A 19 Wilson & Co pf Dividend rates as given in payments based on the latest quarterly or | hm-ynrly * deciar of trading less than 1 meeting at White from May 13-17. S Gypsum (1)....0 Ind Alcohol. Leather. .. Leather (A). Pipe&Fdy (50¢). P&F 1st pf1.20.. Realty & Imp. Rubber. .. .. Rubber 1st of. .. Smtg & Ref (1). SSmicsRefpf3% 6 +1 ~1% =g -1% U S Tobaceo (4.40) % United Stores (A). Univ Leaf Tob (2 Univ Leaf Tob pf(; Univ Pictures 1st pf. Univ Pipe & Rad 1% Utll Pwr & Lt (A). % Vadsco Sales Corp 7% Vanadium Corp. Van Raalte. 1% % Va-Car Chemical. . .o 7 3% Va-Car Chem 6% pf. 85% 65% Va Elec&Pw pf (6).. 27% 12% Vulcan Detinning. .. 8% 5% Waldorf System (1). 3% 24 Ward Baking (A)... s + % 1% 5 Ward Baking (B). 18 11% Ward Baking pf (1 Warn Bros Picture: 21 Warren Bros. ... 7% Warren Bros cv pf. 10 Warren Found & P.. 3 Webster Eisenlohr. . Wesson O & Sn (50¢) Wesson O&Sn pf (4). West Pa Elec pf (6). West Pa Elec pf (7). + W + % LD Regesk® |+ + Pacific pf. L+ FEREFSE FFELP (Wm) (3) ———— 10% 7 Yale& Towne (60c).. 4% 2% Yellow Truck. T% 3% Young Spr & Wire. .. 71 Youngstown Sh&Te. 3% Zenith Radio. . 5% 3% Zonite Products. sm-csmu»m-!nm - 630,000 the above table are Partly extra. ol b 2o b T il T Payabl r rate. nPlus ilnnock. NEW YORK EGG MARKET NEW YORK, April 25 (Special).— Quotations for eggs in the wholesale cash market today were: Mixed packs, 16Y%a 17%: standards, 15%al6%; storage packed firsts, 14%a15; firsts, 14al4Y,; seconds, 13a13%; medium, 13a13%; dirties, 13a13%; checks, 11%a113 17a19; NEW YON.K.Apfllil(d‘)—mflo- lble supply of following bubmll' decreased 2,854,000; corn creased 875,000; mudecruudsolm fissgg:xuud 145,000; barley increased U. 8. TREASURY CERTIFICATES. (Repoited by Chas. D. nrna & Co. Bate—Maturity, 10889 1ls- June xd waa"moa:;i s Seot. 15 1083 100 6-32 " 1988.0 99 30-32 3 May % 1834.0 103 20-38 340 100 30-3% ssasess 82! &8s .. 101 1983. . 1 | IN FINAL TRADING {Last-Hour Wave of Selling Results in Numerous Losses. BY GEORGE T. HUGHES. Special Dispatch to The Star. NEW YORK, April 25.—Stocks closed lower today after two waves of selling had swept over the market, one in the first hour and another in the last. At the lows the losses ran from 1 to 4 points but the average was between 1 and 2 points and was not out of pro- portion to the previous rise. The best showing was made by the electrical manufacturing stocks, the steels and some of the utilities. The olls suffered from the price cutting in- {augurated by the Texas Co. in the East Texas fields, and the ralls slipped off rather easily. Taking the list as a whole, however, prices held as well as could have been expected. Commodities went off with stocks. Rubber held up for a time, but it was down in the late afternoon. The set- back in cotton was moderate, as was that in sugar. Wheat had a hr[er loss, final quotations being down over two cents a bushel. Along with the reaction in stocks and commodities, the dollar rallied in terms of foreign currencies. Among the strong stocks were Na- tional Steel, General Electric, Indus- trial Rayon and Consolidated Gas. Allied Chemical was weak. The turn- over was about 1,000,000 shares smaller than on Morday, with the greatest ac- tivity when prices were declining. Heavy selling featured the stock market at the opening. Large blocks came out on the tape 2 to 3 points lower for the higher-priced issues, with corresponding losses in the rest of the list. A steady stream of offerings poured into the market all through the first hour, but it did not yie'd much below the initial transactions. Support was in evidence and, everything considered, prices held surprisingly well. The turnover in the first half hour was 630,000 shares, somewhat below the 940,000 total of yesterday, but still a very large business. Having absorbed the early realizing, the market first steadied and then began to regain the losses. By noon it was back almost to where it left off last night. A few stocks put up stout resistance all through the reaction and they were the first to forge ahead when the pres- sure was lifted. Prominent among these were the motor shares, Chrysler and General Motors. Auburn rebounded ag- gressively. General Electric was promi- nent among_the old-line industrials at approximately the highest of the year. The steel shares were in good demand, particularly National Steel, Westing- house Electric came to the front a little later. General Foods was firm through- out, reflecting the favorable earnings statement. Electric Autolite was the | feature in the accessory group. RS BANK AT ROCKVILLE ON NORMAL BASIS Other Institutions Are Also Pre- paring to Resume Operaticns on 100 Per Cent Plan. Special Dispatch to The Star. ROCKVILLE, Md., April 25—The Farmers' Banking & Trust Co. of Rockville, and its Kensington branch, which had been operating under re- strictions for the past two months, or ever since the bank holiday, resumed activities on a 100 per cent basis this +3% | morning. Rcorgnninuon of the institutions had — % been in progress several weeks and sev- %|eral days ago the plan was approved "md a license granted by John J. Ghinger, State bank commissioner. l/. | _The Montgomery Cotnty National % | Bank of Rockville, which has also been % | functioning under restrictions ever since +1% the bank holiday, has, it was stated, — % |about completed reorganization and is + & | expecting to receive its license and re- | sume business on a normal scale within |8 few days. ‘The only other Montgomery County 5 ._ | banking institution not on a 100 per — 3 | cent basis is the Bank of Damascus lnd its reorganization is understood to be progressing satisfactorily. PARIS BOURSE PRICES. PARIS, April 25 (#).—Three per cent rentes, 67 francs 90 centimes; 4!z per cent rentes, 87.40. Exchange on London, 88.15; the dol- lar was quoted at 22.87. U. S. TREASURY BALANCE. By the Associated Press Treasury receipts for April 22 were $2714,038.08; expenditures, $14,031,« 32742, balmce, $322,929,895.51. Cus- toms duties for 22 days of April, $12,- 608,451 5 $ Bank Stck Guide 3 land Ave. & Sth St. N. facilities, Offers solicited. D. STE! 2100 Mass. Ave. WE WILL SELL (Subject) iat’l Press Blds. 5%s @ Iayflower Hotel 1t c0L6NY COMPANY™ ME. 2721. Wash. Bldg. Secured by First Mortgages Safe—Conservative Wm. B Salmders Co., Inc. REALTOR Dist. 1016 1519 K'St. First Mortgagec FOR SALE 6% Interest JAMES F. SHEA 643 Indiana Ave. N.W.