Evening Star Newspaper, January 25, 1935, Page 15

CURB LIST HOLDS TONARROW RANGE Volume Low and Only Few Specialties Are Able to Get Out of Rut. By the Associated Press. NEW YORK, January 25.—Stocks continued irregular in curb trading today. Volume was restricted, and only a few specialties broke out of the narrow rut in which most issues ap- peared to be stalled. Commonwealth Edison gained around 2 points at 5334, while Singer Manufacturing, A. O. Smith and United Shoe Machinery lost from a point to nearly 3 points on a few trades each. Utility stocks swung idly in either direction, with American Gas firmer at 20'3, and Electric Bond & Share & little soft at 63;. NEW YORK BAR SILVER. NEW YORK, Jaruary 25 (#).—Bar silver steady, unchanged at 543. BONDS ON THE CURB MARKET. DOMESTIC BON! Alabam Pw 4 ,Alabama Pow DS. £h. Low. Noon. 91 & 00 R4 R3O W4 1 106Y% 106% 106 Sais o Amer P & L 6s Am Roll Mill 5s ‘48 Am Seating 6s '36 Cap Ad 5s Carolina P Emp O & Federal Wt 5 Florida P & L 5s Gary E & G Gatineau Pw : Gen W G & E Georgia Pw s ' A Indnp P & L 5s Tnieman Sarie5e Intern 8c Am ps '4 Intersta Pw 5 Intersta Bw 63 '3 Inter P S 55 D Interst P S 4728 Jacksonvl Gs 58 4 Jers CP&L 4125 C ! gones_ Laugh” 55, S 10434 10135 10 1102321024 102 941, 04 " 04 Long Isind Lt 6s " Los A 5, McCord Rld 6, Mass Missou PL fi‘n A Mon WP 5las B Narragansett 5s A - 7Y 993 1012 nmv 01 & 0a ! Q00 e et i B3 e, 23 $ 10014 10013 700782V 924 o g 0,070y, 22000500103 4 222 a0, FaR ISR 70w, S e @z £ b O Ry R o B ACRCOEEESS,, z 3,00 ety 31% 1ms.1m!' lnv " o a7 103% 9735 10714 81Y 80 Riv 107 106% 107 1 100% 1003, 100% 1027102 102 5-‘!" SW Puh Svc fs A Stand G & E i Stand G & E lk o} Stand Invu 5as 30 Stand & L 6s '57. 8up of {'1'1 3“’ 2000 ip of Perpw Il 5 - % Vs 1041, 13 103% 10315 108, 108 2 41040 11\4 % 3 I RAY RS E lmm 108 5 % mn‘a 'm s 03 ROl w. nus‘ 993} £ 1017101 " 101 .100 100 100 2985 100 Im» 00 1 1 108, 106% 106% 215 ROly RO I 72V Wis P York Rwy bs '37 FOREIGN BONDS. 71 52 st. DR’VA —With warrants. ;I'—Wu.hmlt warrants, B When_issued W N{'!(otllhfllly mllred by maturity, ‘Comnm rted in receivership, THE EVENING STAR, N. Y. CURB MARKET Recelved by Private Wire Direct to The Evening Star. Stock and Sales— Dividend Rate. Add (0. Hun Lo- Clore. Air Investors, Inc 1 1% Ala Pwr pf (6)... 108 44‘/‘ 44% Allied Mills, Ine... 10 13% 13% Alum’n Co of Am. 100s 46 Alum’'n pf (1%4).. 1008 71% T Am Cities Pwr & Light A (3) 508 31 Am Cynam(B)40c 13 17% Am Founders 1stpf (B).. 50s 13% Am Gas&E1(11.20) 34 20% Am Gas&El pf(6). 5508 Sfi‘h Am Invest, Inc... 1 Am Laundry (40c) 100s 1 Am Lt&Trac 1.20.. 3 9% Am Maracaibo. 1 Am Meter Co. . ‘Am Superpower. . Anchor Post Fen.. Appalachan Elec Pwrpf (7)..... Arcturus Radio T- Ark Na 23 Art Metal (K25¢).. | Asso Gas&El (A). | Atlas Corp.... Atlas Corp war 50s 1234 10 1k 2 Bellanca Air Bourjouis ( Bower Roll B (1). Brazil Trac Lt&P. Bridgeport Mach. Brown Forman. . Bunker Hill&Sul. Butler Bros B " 1508 35 5 6% % 9% 8% Cable Radio vte. . Can Jadus Alco A, Can Indus Alco B. Can Marconi. ..., Carib Syndicate. . Carrier Corp. atalin Corp Celanese pf (7) | Celanese 1st p£(7) Celluloid Corp pt. Celluloid Cp 1st pf 1 106'4 llh 333 Cleveland Tractor Columbia Gas & Elec cv pf (5) 200s Columb O & G Vte Com'with Ed 4). ComwIth&So war. Compo Shoe (50¢) Creole Petrol'm. Crocker Wheeler. Crown Cork Intl Assoe (k East'n Gas & propf (47 East'n Power (B).. ¢ Wash Mch B ec Bond&Share. 3d&S pf (5). Slec BA&S pf (6). Rubber Fla Pwr &Lt pf. Ford Mot Can (A) (k1%). Ford Motor Can (B) (k1%). Ford Motor Ltd.. 1 .300s 3 508 Gen Invest Corp. Gen Pub Sve pf. Ga Pwr $6 pf Gilbert (A C). Glen Alden C ?l" Globe Und (k50c) Gorham (A)...... Great Atl & Pac Tea n-v (7). Great Atl & Pac Tea 1st pf (7). Greyhound (Del). Gulf Oflot Pa.... Gulf Sta Ut pf(6). 30 59 2 20% ™ 3 3 10s128 128 128 127 127 21% 21% 58 58 5 55 608127 7 215 1 58 508 55 1 1% 9 Th 7 18% 70s 103 7 12y 2 46 1% T 18Y% 103 12% 46 18% 16% 16% 34% 60 Hartman Tobacco Hecla Min (40c Hollinger G ¥1. Horn&Hardt pf(7) Hudson Bay M&S. Humble Oil (1)... 1% T 18% 103 121 46 11l Pwr&Lt $6 pf. . Imp Oil Ltd coupon (t80c). Imp Oil reg(80c) Imp Tob Gt Brit & I(k103 9-10¢) Indianapolis P&L cum pf (63). Intl Hu!ro Elec 50s 18% 18% 19 16% 1 16% 1 34% 1255 60 16% 164 34% 60 125 9 8 5% 5% Interstate Pwr Irving Air C k10c. Jones & Laugh St Kirby Petrolm. . Kreuger(G)Brew Lake Sh M (14)... Lakey Fy & Mch.. Lefcourt R pf(1).. Lehigh C&N(50¢) . Lerner Stores. ... Lone Star G (60c) Long Island Light Long Island Light pfA (7)... Long Island Light LB (6)... Loulsiana L & Ex. Lynch Corp (2). S'u K 49 1508 18 4% 1 . 15 2% 9% 58 McColl Front 80c. 253 15 McWilliams Dr(1)100s : Mem Nat G (pl0c, Mangel Stores Mangel St pf w' Mercantile St pf 7 Mid West Util (r) Mock Jud Voe (1). Mohawk Hudson Pwr 1st pf (4) 1008 37% Molybdneum..... & 8% Mont Ward (A) (m5%) 1608135 135 135 18 2% 2 2 13 3% 8 Nat Bella Hess. .. Nat Bond & Sh(1). 1 29% 29% Nat Investors. 2 1% 1% Nat Invest war... 24 . &% % Nat Pw&Lt pf (6) 4008 51% 50 Nat Rubber Mach. 6 T4 7% Natomas Co(60c). 3 Sl/. 8% Neptune Met (A). 1 N Y Tel pt (6%).. 50;116 Niag Hudson Pwr 31 33 Niag Shrs(Md) B. 4 3% Noma Elec Corp.. 1 4 Nor AmL&Pwr. 2 % NorAmL & Ppf. 50s 5% Northern States Power (A).100s 9% Novadel Ag (2)...200s 22% —_— Ohio Oil cu pf (6).100s 90% Pacific Eastern... 1 2% Pac Gas & Elec 1st pf (1%) 100s 21% Pac Light'g pf(6). 508 74 Pan-Am Air(k50c) 2 41 Pantapec Oil..... Parke Davis t1.40 100- 84 Pennroad Corp... 6 Pepperell MIg (6) 408 st Phoenix Secur.... 2 Pioneer Gold Mines Ltd(80c). Pitney Bo P (20c) Pittsb’gh Forg. 1 A T AR { Potrero Sugar.... 300s 1% Prop'ties Real vtc 20s 13 Pub Sve Ind prpf. 30s 10% Puget Sound P& L $5pf.240s 18% Puget Sound P&L$6pf...140s 11% Pure Oil pf. 208 39% Pyrene Mfg Co. 1- 3% Reliable Stores..a 3 7% - 1 10% 9 5"/« Reybarn COveeesst w 3 2% ’ { in monetary gold stock, offset in part Stockand Sales— Dividend Rate. Add 00. Buh bw clon Reynolds Invest. . Richm'd Rad cvpt Pl Russeks Fifth Av, 13 P — St Regis Paper... 1% Salt Creek P (80c) 6 Schulte Real Est.. % Scovill Mfg (1)...200s 23 Segal Lock & H,.. 15 % Seiberling Rubber 1 2% Selby Shoe (1.60); b50s 28 Selected Indus.... 3 1% Selected Indus. allot cfs (3%).200s 54% Select Ind pr(3%) 508 56 nerwln Will (3). 5768 86% 5% South Am Gold & Plat (k30c) South Penn 0 1.20, Southn Calif Ed pf C (1%) Spleg-MLS pt(650) 1008 85 Stand Inv cum pt. b50s 16 Stand Oil Ky (1).. 26 20% Stein A&Co(k25¢) 100s 10% Stein (A) & Co 105 105 2 17 4% 6 284 4% 23% 17 cum pf (63%).100s Stinnes (Hugo) Stutz Motor. Sunray Oil. Sunshine Min 64c. Swift & Co (175¢). 13 SwiftIntl (2)..., 11 Swiss-Am Elec pf 250s 10 12 Tampa Elec (2.24) Teck Hughes(40c) ‘Technicolor. Inc. . Texon O&Ld 1.60, Trans-Lux DLPS (20c) Tubize Chatillion. Tubize Chatill(A) Tung-Sel L pf (3) 200s 11’ sof Can Unit Corp'n war. . Unit Founders.., Unit Gas Corp. ... Unit Gas Corp war Unit Gas Corp pf. Unit Lt&Pwr (A). Unit Lt&Pwr pf.. Unit Molasses Ltad (p6 3-5¢). Unit Shoe M(t413 258 7" U S Fol (117(50(‘). 3 U S & Intl Secur.. U S & Internat’l Secur 1st pf ww Unit Verde Utah Apex. cen Utilities Pwr&Lt. Utah Pwr & Lt pf (m1.16 2-3¢c) 50s Utilities P&L pf..350s Utility Eq pf(313) 258 1 2008 50'% 3 3 I 1 s Venezuela Petm. . Walgreen Co war., Walker (Hiram).. Walker (H) pf(1) Wenden Copper. ., W Va Coal & Coke 11 Westn Air Exp(n) 6 West Tex Ut pf(3) 50s West Tab & Sta(1) 1 Woolworth(FW) Ltd (kTic). 1 Wright Har(t60c) 24 Dividend rates in dollars based on last auarterly or semi-annual payment. sUnit of trading less than 100 shares rtly extral TPlus 4% 1B Stock. & Pavabie in Cash or 'stock. . oPavabie in stock . TPLS in stock. hPayable 5% 1in stock. gPlus 6% n script ~ JPlus 8% in stock year — no regular rate. dividends. wuPlus 10% 1n last year—no regular rate. rCompanies reported in Teceivership oF being reorgan- ized. 6 14 1 6 31% | 13% 134 27% 274 Excess Reserves Top $2,200,000,000 Mark During Week By the Assoclated Press. Excess reserves of member banks of the Federal Reserve System passed the $2,200,000,000 mark during the week ending January 23, when an increase of $113,000,000 in reserve balances brought the total to $4,501,000,000. The rise, disclosed in the weekly condition statement of the Reserve banks, showed the present level is $1,- 650,000,000 in excess of the amount on the comparable date last year. Monetary gold stocks of the Nation increased $35,000,000 during the week to total $8,308,000,000, a figure $4,- 273,000,000 in excess of last year, which was before the gold had been revalued up to $35 an ounce. The condition statement said: “The daily average volume of Federal Re- serve Bank credit outstanding during the week ended January 23, was $2,- 468.000,000, an increase of $4,000,000 compared with the preceding week, and a decrease of $180,000,000 com- pared with the corresponding week in 1934. “On January 23 total Reserve bank credit amounted to $2,463,000,000, a decrease of $5,000,000 for the week. This decrease corresponds with de- creases of $35,000,000 in money in cir- culation, $25,000,000 in treasury cash and deposits with Federal Reserve Banks and $28,000,000 in non-member deposits and other Federal Reserve ac- counts, and an increase of $35,000,000 by an increase of $113,000,000 in mem- ber bank reserve balances, and a de- crease of $4,000,000 in Treasury and national bank currency.” WEATHER MAY DELAY TOBACCO MART CLOSE Special Dispatch to The Star. DANVILLE, Va, January 25— Whether the current wintry visit which has curbed eales on the local tobacco market will necessitate ex- tending the closing date beyond Feb- ruary 1, wil be determined by the warehouse trade early next week. ‘There is some talk of prolonging sales due to the hard weather which had prevented many growers from mar- keting the remainder of their crops. CHICAGO LIVE STOCK. CHICAGO, Zanuary 25 (P (U. 8. Dept. -Hogs. 13.000, "including o, Steady to 10 higher welghts ‘about 200, 0 50 200, 158 90;_140-160 Ibs.. 7.25a 5.25a7.25; packing sows, ' 7.40a50. light, &00d and_choice. 140-100 1bs. 05:, kbt welght, 160-200 g &) 5 A ing sows,’ medium an 52850 S5 Bies. Good and otce 1002 un Ibs.. B, 20a7.35. ttle. 4.000 commercial; 100 Govern- lves, 1.000 commercial: 100 Gov- fed steers and yeariings com- paratively scarce in run; rather slow. but mostly steady; edge off market for all she- stock: bulls,” 15835 Jower: Cealors stoady ty steers abo lding best wood 1,500 1Ibs. warmed up lnd lhon arlings and light steers. 7.0 bethr 'rlde hefl- ers practically umen cutter and low cut- tly 2.501 bulk veal X 535 Jbs, 975-1300. common _ and , medium, 580- ibs. 7589.7! T4 apchiolcs, 8802 52 conunnnslx:{i me- nd o l nl rllnn "excluded) B stockers ‘and %ood and choice. Mm-l 050 ; common and medi .000: slaughter classes mrly active: buvers Tully stei 1 lking ady on of- ferings now and more higher; 58 ed; bulk slaugh- "i‘fi'.‘.,rl.‘.“"'za".‘a"«i Siiyers talking around b?mmun 4. 26. feeding 50- choice. 1.00!!.00. la: '15’.3111, Compound, 1254 STOCK. | no_cars on track WASHINGTON, EGG QUOTATIONS RULE FIRM HERE Receipts Still Very Light and Prices Advance Half to a Cent. | Egg quotations were firm on the Washington produce market today. Receipts continued very light as haulers were unable to cover regular collection routes. Prices advanced one- half to a cent. The summary, with egg, live poultry, fruit and vegetable prices, furnished by the Department of Agriculture, follows: BUTIEE—One-Do\md prints (03 score), tub, $6; 1-pound prints (90 score), 1-pound prints (88 score), pork lotns: trest resh hams, 0a strip bacon, 3. —Hogs, mm. 7.00a7.5 medium, 5 7 A0a8.000 heas Diks. 6008+ 00¢ roughs, 4mn§u 4.00a10.; lamba, 4.0088.00. Market firm. Receipts continue very T, 8 BAUICES UnABIS Lo COver re; ular colicction routes. t cent higher. Current hennery whites. 30a31: ¢d_and dated” white egus: large, . U. 8! uandurds graded and dates extras large LIVE Pl large, 35. Gu\emmem d brown eggs: U. 8. 'OULTRY—Market firm. Receipts very light because of snow-blocked roads in nearby Virginia and Maryland. = Prices 1 cent higher on heavy fowls and Spring chickens. ~Fowl: Colored, all sizes, 17al% Leghorns. 12al4; roosters. 7af. ‘Winter chickens: Mixed colors. ail sizes, 16als. Spring broilers: Plymouth Rock: Turkeys: Younz Toms and h gid hens. 18420 old toms 5% 6 p slips, 15az0, Fruits and Vegetables, Snlpi in h\rlr lnll by original receivers, N am ARPLES NG Catiot arrivals: one broken Bushels: Supplies moderate, car on track demand light. market steady Virginia, s, To % pounds, ° 23a-inch mini Box: fedium to large hington. Delicious, extra fancy. /inesaps. extra fancy. 1 Staymens, extra fancy, 1.7 ¢y, Romes medium to large three Droken st fve unbroen. CALS ohi. teack New stock: Supplies moderate demand light: “market steady. ~Texas. 'a lettuce crates. domestic round type, mostly around o0, oML stock: Hew York. S0-pouna pe. 75 CELERY--One California arrived: one : one broken and five unbroken Sunnln'é r‘n?damle demand 008 LETTUCE —Three Atizona arrived, four broken and six unbroken cars on irack. Supplies moderate: 3.508:8.75: 5 stock: *Supplies very light; demand light; arket steady. Fiorida. via Baltimore, n crates. big. Boston type, 2 dozen, around’ 2.0 ONS—One Idaho arrived. two broken unbroken cars on track. Sup- moderate: demand light ger. Michigan. New York vellows, U._S. Colorado, 5 8. No. 1, Southern ound sacks, Valencias . nches and farger. 150160 EAS—One California’ arrived, one Broken and iwo WHbseEen CArS on” track. Supplies moderate; demand light: market steady. California. bushel hampers, Tele- phones. 3.50a3 Potato Prices Improve. POTATOES—Three Idsho. three Maine, three New York arrived: eight broken and 12 unbroken cars on track. OId stock; Supplies moderate; demand light: market slightly stronger ' New York. 100-pound sacks. round whites, U. S. No. 1, 901 00; few 1.10: Maine, 100-pound st Green Mountains, U. few higner: 1dsho_ 8. No. 1. 1.1( 1g0- Sourd sacks. russer Burbanks. U. S )0; few higher. Practicaily no' supplies on NACH—Thursday's track _should d two broken and three unbroken rack instead of one broken and three_unbroken rars on track. Priday— Pive Texas arrived. seven broken and two unbroken cars on track. Supplies mod- erate: demand lght: market {ironger.”Texas, bushel baskets, 1. 2 STRAWBERRIES—No carlot arrival Truck receipts_light supplies moderate: demand light: market steady. Florida, express receipts. crates, 17%820 ‘per pint: pony refrigera- tors. fair condition. 15816 per pint: truck receipis, tog Le¥ sales reported to auote 'OTATOE:! One South Caro- lmr Ihlv!d one unbroken car on track. Supplies light; demand _light: market sliehtly stronger. North Carolina. bushel baskets. Puerto Ricans. 1.00: few higher: Maryland. Anne Arundel’ County. ‘bushel hamoers ter<ey type U. § No TOMATOES —No carlof arrivals: Yao! Supplies very light demnnd llkl\l mnfk(‘l steady. Cuba, via New York, lug boxes, green. ripe. turnin 6x6 and larger. 3.253.50: 6x7. 2.508 pound baskets ripes, wrapped. ED VEGETABLES—No carlot arriv- als; two broken cars on track. LIMA BEANS. PEPPI RA GREEN BEANSPractically 1o upplics on the market. SQUASH_—Supplies very_light: light: market steads. ~ Florida, bushel nampers, white, wrapped. 5,00 EGGPLANT — Supplies_ light: demand light: market steady. Cuba, 1%-bushel crates, 40023 50. upplies light: demand Cuba, bushel crates, demand light: murkev. steady. 4.0084.5 ‘ROMAINE—Practically no supplies on the market. Caulifiower Steady. FLOWER—One California arrived; one broken and one unbroken cars track plies moderate; demand light: market ncmy California, crates, mostly around 1.65 COLLARDS — Supplies light: demand dy; . Virginis, ~bushel “demand light: Virginia, bushel baskets, LANDCRESS—Supplies _light: light; market steady. Virgini: baskets, fair condition, 1.00 BROCCOLI—No _ carlot one broken cer on track. Supplies light: de- ‘market steady. — Cailfornia market steady. demand bushel arri HUBARB—Supplies moderate; demand light: market stes Michigan, 5-pound cartons, fancy, 65; choice, 50; California, boxes, 65 CARROTS—Two Californi York arrived; one broken broken cars on- track. . one New and three un- Texas, b2 crates, % crates, 1.50a1.60; jorth Carolina, bushel hal pers. bunched. 125: nearbysections, 50- d sacks, ruta 75. RANG! poun: ag: O ES"One Californi ived: one broken and four unbroken cars Ton track. rida. boxes, No. 1 Clal marks higher, No. cording to siz EETS—Texa: fair condition, 13 TURNIPS—N IT—No carlot arrivals: one Florida, boxes. No. 1 cial marks higher. No. cording to size, GERINES—No_ carlgt arrivals: no urs on track Florida, %-bushel boxes, 1;,00a1.50. ‘according 10 size and condi ion, VOCADOS—Boxes: Florida. 1.00a1.25: California, 1.75a2.00 PEARS—One Washington arrived: one unbroken car on trac GRAPES— S| e broken car on track. 4.00. in_arrived: one un- Spain, kegs, 3.50a L. C. L. Express Arrival Florida. 22 crates avocados, 35 bushel baskets egeplant. 46 crates peppers, 10 pint crates strawberries. 130 bushel hampers snap beans No bushel baskets broccoll. 29 bushel hnke!s salad greens. Pennsyivania, 126 3-pount Bakats Ersrooms. Dejaware, 45 3-pound baskets mushrooms, Maryland. pound baskets mushrooms. Mixed tables, 48 crates unknown origin. TRADING IS POSTPONED IN GASOLINE FUTURES By the Associated Press. NEW YORK, January 25.—Trading in gasoline ‘futures, scheduled for in- auguration February 5, was postponed yesterday until March 5, by a reso- lution of the governors of the New York Commodity Exchange. Start of trading in crude ail futures also is planned for that date. As expressed in the governors’ reso- lution, the poswonamenlcm:u ar- D. Apple Shipments From Virginia to Britain Increase Special Dispatch to The 8f WINCHESTER, VI Jnnulry 25— Apples are being shipped from Vir- ginia to English markets in increased volume, now that virtually all of the home-grown supplies have been ex- hausted at Liverpool, London and other sales centers. Nearly 23,000 bar- rels of the fruit left New York dur- ing the last week for British ports, and as many more went out this week, making the haul to New York before transportation lines were crippled by the snowstorms that spread over East- ern States. Shippers said prices were not as good as had been hoped for earlier in the season, but that they were making a fair profit on fruit grading U. S. No. 1 and which had bright color. They claimed the fruit being shipped from Virginia and nearby States was superior in quality and appearance to that of their Canadian competitors, whose fruit gets into British markets without paying a tariff. —_— DIVIDENDS ANNOUNCED NEW YORK, January 25.—Dividends declared rureured by the Btandard Statistics Corp.): Increased. Pe- Stk. of Pay- Rate. riod. rec le. Corporate Inv Ltd....6¢ .. 1 Hobart Mfg A_ 7lac Manufac Cos 155 127406 3 Stock. Hussmann-Ligonier n 70c cv ..1% Q 1-25 Sllndlrd o1 lew Jersey—Two sepa- rate distributions totaling four shares Mis- sion_Corp. common stock for each 76 shares held. One a distribution of one share Mission Corp. 5 2-1 TD. ch 75 shares held. Scrip will ‘be issued for tractional shares. Bourne Mills . Freeport Te: U 8 Fire Ins, Mitchell (JS) & Co...SL Regul Bkers & Shippers In.75¢c Central, Prankiin Proc- ess 2d_pf S1 Eastern Shore Puhllc Ser $6.50 pf .. $1.6215 Eastern snore Public Ser Soig Eauitable Trist o, (Wiimington. Del.).75¢ Franklin Process “50¢ Freeport Texas 50 1.50 Guinh Caret & Wer- sted Spinning Mills ti¥a© Husshiann & Lmonlu 70c conv. Jones (J EQ) Rayllu Tust part tr ctfs ($500) $3.5 Jopes J Edv Rovaity Trust ctfs Jones (J Ed) Royaity rust C part tr ctfs (8500 .. ..$6.78 Reading_Co Ist’ pi...50c Southn Prankiin Proc.10c Sothern Franklia 0 Suulhmxlon Hari ware ($25). Susqueha Ut 15t . § Trunz_Pork Stores U 8 Fize Ins ($4). 1.6215 07%¢ IRON ORE NET GAINS. NEW YORK, January 25 (&)— The annual report of the Great Northern Iron Ore Properties shows consolidated net income of $557.985 after ordinary charges, depreciation and taxes, compared with $282,902 in | the preceding year. for each 25 shares | ., FRIDAY, JANUARY 925, 1935. DRUG SALES GAIN ASFIRNIS EXPAND Volume in Final Quarter of 1934 Is 15 Per Cent Above Year Earlier. Speclal Dispatch to The Star, NEW YORK, January 25.—Whole- sale distribution of drugs and allied products in 1934 recorded an advance of 20 per cent over the totals for the preceding 12 months, according to the Standard Statistics Co. of New York. Although gains of as much as 45 per cent were registered in the early part of 1934, a drop to only 11.6 per cent in the third quarter considerably reduced the year's total increase. It is significant, however, that sales in the final 3 months re- covered to a level almost 15 per cent above a year earlier. Coincident with the recent improve- ment in general business conditions and in the security markets, com- panies in the drug trade have re- sumed expansion policies along a ‘broad front. Realizing that competi- tive positions would be strengthened and earnings potentialities increased, ¢nanagements of several of the larger units recently have announced- im- portant new acquisitions. The outstanding recent example of external expansion is Sterling Prod- ucts’ purchase of the R. L. Watkins Co., a large manufacturer of denti- frices, mouth washes and hair prep- arations. Bristol-Myers also con- summated two acquisitions during the past year, while American Home Products is reported to have made overtures for the acquisition of sev- eral units. J Various companies throughout re- cent years also have continued an ag- gressive policy of internal expansion, developing and introducing new prod- ucts under their own established trade marks. Parke, Davis has been one of the leading exponents of this type of expansion, while Sharpe & Dohme and Vick Chemical are other concerns which have followed this form of growth within recent years. With the advent of repeal, both McKesson & Robbins and Zonite Products added liquor distribution to their activities, while the revival of such concerns as Lehn & Fink and Zonite to supplement their paste lines with powder preparations. U. S. TREASURY POSITION. By the Associated Press. ition of the Treasury on b mas Receipts. Su1 &S : fiscal year (since July 5: expenditures. 3 cluding of emergency rxpend cess of expenditures. gold assets. $8.30%.34 Receipts for 'January parable date last year). $5.9: penditures. 28 047.045.47 |3 86, 450.0 | . Receipts for th al year, ORO.548 92 exnenduur .4 ‘ 26491, mrlud'nz $1 emergency tu tures 211,40 JSlaz8- 34 excess of expendi: 5.90; eold assets. $3-. demand for tooth powders has led | ADVERTISING CONTINUES ON UPGRADE STEADILY By the Associated Press. NEW YORK, January 25—News- paper advertising registered a 38 per cent increase from its depression low point to the end of December, it is shown by the new index of newspaper advertising published by Printers Ink. The December figure stood at 173.4, against a low of 54.5, reached in March, 1933, and was 9.3 per cent above the figure for December, 1933. The volume of newspaper advertis- ing, says the publication, closely fol- lowed the course of general business conditions. From the low in March, 1933, there was a rapid advance to August, then a slackening off until February, 1934, followed by a rapid rise until June, and finally an frregular decline last Summer and Fall, WHEAT ESTIMATES RAISED IN CANADA | Crop of 275,849,000 Bushels Re- ported in Comparison With 275,252,000 Previous. By the Associated Press. OTTAWA, January 25—The Do- minion Bureau of Statistics estimated Canada’s 1934 wheat crop at 275,849,- 000 bushels, compared with an esti- 23% A-15 SEVERE WEATHER SLOWS UP TRADE Broadening Wholesale Gain Continues—Cold Spurs Certain Lines. By the Associated Press, NEW YORK, January 25.—The une usually severe weather during the cure rent week slowed perceptibly the gene eral tempo of trade, but was highly beneficial to certain lines, according to the weekly review of Dun & Brad- street, Notwithstanding the slight interrup- tion in retail trade, the review says, there was a further broadening in wholesale buying, and industrial oper- ations in some lines continued at a rate unequaled in any January in more than four years. Financial statements thus far re« ceived covering the past year, the re- view continues, indicate generally profitable operations for 1934, and manufacturers and retailers are rep- resented as more confident of the prospects for enlarged profits in 1935, Industrial operations for the coun- try as a whole are running 20 to 50 per cent higher than a year ago, with the firmly established leadership of mate in November, 1934, of 275,252~ 000 bushels. The revised figure 10:‘\ the 1933 crop was 281,892,000 bushels. | The bureau said the wheat harvests |8 in 1933 and 1934 in the prairie prov- | inces were practically the same, bu l that reduction in the Winter wheazw crop of Ontario led to lower Domin. ion production in 1934. | The report placed the 1934 produc- | tion of oats at 321,120,000 bushels, an | increase of 13,642,000 bushels over the It estimated 1934 barley production | at 63,742,000 bushels, compared with | 63,359,000 bushels in 1933, and said production of rye and flaxsced in 1934 was well above the 1933 level, but far below that of any recent average, —_— DIVIDEND IS ORDERED. BALTIMORE, January 25 (Special). —Directors of Emerson’s Bromo Seltz: have declared the regular dividend of 40 cents on the class A| and class B common stocks, payable | February 1 to stockholders of record | January 24. The regular quarterly dividend of 50 cents a share was de- clared on the 8 per cent preferred payable April 1 to holders of record March 15. RUBBER FUTURES. NEW YORK. January 25 (F.—Crude rubber futures opened auiet. higher January. unquoted: 13.09a13.10; July, MONTREAL SILVER. | . MONTREAL. January 25 (™ futures opened stead: March. 54 40b: May, 54 .9 33650 1933 estimate of 307,478,000 bushels. | B quarterly | 7 the automobile industry being serious- |1y challenged by the textile, electrical equipment, glass, rubber and shoes | industries, the review says, adding that employment in some divisions has attained the best levels since 1930. _— NEW YORK BANK STOCKS NEW YORK. Januar #).—New Yor: Security Dealers’ Associatio (Quotations as of 2 o'clock:) Bk of Man &n Ban Bl & e (6) Chase Nat, (1.40) Tr (1.80) Comme | Fifth Ave (34%) . irst Boston Corp (12)" .1 t ‘Natl_(100) ranty Tr (20) g Tr (1) ctuzers Tr 1) e e Tr (70%) *Including extras. b; Jul October. 50.50b; December, 57.10b. b-Bid. e s Pullman, Inc.—Subsidiary, Pull-| man-Standard Car Manufacturing | Co., has received an order from North- | | ern Pacific Ry. for six de luxe light- | ‘weight coaches. JULIUS LANSBURGH FURNITURE CO. Duncan Phyfe Drop-Leaf Tables Authentic designs with drop Dun- can Phyfe legs with brass claw feet. Genuine mahogany veneer. Convenient Terms leaves and center drawer. Comfortable Down- $16.75 Arranged Cushion Lounge Chair A big, roomy Jounge chair with high back. Down cushion seat and back. Covered in attractive materials. Heavy, High-Pile Axminster Rugs $29.95 American Oriental Pat- terns. . . . These Rugs are Greatly Reduced During our January Sale. ulius I__ There is one more week or our Janu- ary Clearance Sale, and the values are outstanding. Come i n tomorrow. Buy what youneed. Pay i 3-Pec. Solid Maple Bedroom Suite in a T N P g N o ers, large are ¢ 54 An outstanding value Solid Maple Bed Room Suite. As pic- tured, chest of draw- double bed, . and dresser. All pieces arefully construct- ed and nicely finished. Budget Terms n convenient sums. Jansburgh %rmmm@ 909 F St. N.W. [