Evening Star Newspaper, February 2, 1935, Page 10

A—10 ** FINANCIAL, 1 THE EVENING STAR, WASHINGTON, D. €, SATURDAY, FEBRUARY 2, 1835.: FINANCIAL, W LNLAWCHNGE[TRANSACTIONS ON THE NEW YORK STOCEHEMXHSHANGE STOCK PRICES STAY ‘SOUGHTINSTATES; AT STEADY LEVELS Prev. 1035 Stock and rev. Low. Close. Chge. Low Dividend Rate 30% F1d Ph F Ins(11.35) 156% Firestone (40¢c).... 49% First Nat Strs(2%) arkets received by private wln direct to The Star. "re 1935 Stock and Bale: Net l-lumv Low Dividend Rate. Add '00. Bigh. Low. Close Chae 61 Adams Kxpres: 8 6 6% sa' 297 Adams Millis (2), 3 29% 29% 20% - % o 4% -1 % Plerce Ofl........ oy e - % % Plerce Petroleum. 42% 389% Trico Prod (2%)... 1 39% Add 00 Ellh !n' Close. Chge. [High. Low. Dividend Rate Add 00. Eih. High. Low Dividend Rate. Add 00. High. Low. Close Chge 31 Bl 1% + % 13 55 Phoenix Hpf (3%). 10s 86% 33% Timken RB (1).... 6 4% 34*‘. + % le| 16% + % 1% % Ple Arrow (k) ... 5% 5% Transamerica(25c) 17 % 48% U. S. Housing Board Would Speed Up Mortgage In- surance Drive. BY EDWARD C. STONE. National banks approved by the Federal Housing Administration as mortgagees under its mutual mortgage insurance program have all the necessary authority to proceed im- mediately with the making ot such loans, restrictive State laws notwith- standing, officials of the Housing Administration reminded State direc- tors of the organization this week. It .was also stated that national banks may proceed immediately to make loans for residential construc- tion maturing in six months or less, with the assurance that such lcans will be classed as ordinary commers cial loans rediscountable at the Federal Reserve Banks, provided the administration has given a commit- ment to insure a mortgage on the property when the residence is com- pleted. Because of the special efforts to have legislatures amend State iaws governing mortgage loans to make them conform to the provisions of the national housing act, Controller J. F. T. O'Connor reports that many persons appear to be under the im- pression that no bank can make mortgage loans up to 80 per cent of the appraised value in the States | where such loans are restricted to a smaller percentage. Special efforts are now being made to change the laws in 44 States. As stated, all na- tional banks already have authority to make such loans. All Washington banks have been co-operating in these loans for some time. Special attention also is called to another feature relating to State institutions extending mortgage loans insured by the Housing Administra- tion. Mutual savings banks, build- ing and loan associations, insurance companies and other institutions which are members of the Federal Loan Bank System may borrow on insured mortgages up to 90 per cent of their unpaid principal. In the case of other home mortgages, the institutions can borrow not more than 50 to 65 per cent of the unpaid principal. Brokers Laud Whitney Talk. ‘Washington brokers are ea&husmstle over the first of three radfo talks to be broadcast by Richard Whitney, president of the New York Stock Ex- change, in which he urged greater utilization of the machinery of proper- ly regulated and organized exchanges as the medium of making investments. Mr. Whitney believes that for their own protection, all citizens should appreciate their responsibilities for the maintenance of these institutions, as he considers that stock and other ex- changes basically constitute the back- ground for the financial stability of the country. He said that about 15,000,000 in- vestors are direct owners of stocks and bonds, aside from securities held by institutions in which they are in- terested. Mr. Whitney asserted that the interest in securities and securities exchanges is not limited to a small group or privileged class, but is na- tional and affects almost every family in the country. He assailed critics who overlook the important functions of the exchanges and refer to them as institutions re- served for operations of speculators. Assets and Surplus Mount. ‘The ninetieth annual statement of the Mutual Benefit Life Insurance Co. of Newark, N. J. shows assets of $570,437,727 and contingency and spe- cial reserves, or surplus, of $30,269,- 528. During the year 1934 there was an increase of $914.851 in total assets and $717,980 in surplus. Holdings of cash were increased from $7,065,181 to $14,652,116 and of Government bonds from $10,180,998 to $28,679,661. Thus the total holdings of cash and United States bonds have increased from $17,246,179 to $43,331,- 778. During the year the company re- ceived from policy holders in premiums $62,981,255 and paid to policy holders or beneficiaries $72.342,608. The total Teceipts were $99,062,781 and exceeded by $7,596,943 the total disbursements of $91,465,838. Pennsy Passengers Increase. ‘The preliminary report of the Penn- sylvania Railroad for 1934 shows pas- senger revenues increased in that pe- Tiod for the first time in about a decade. As with other roads, the Pennsylvania’s returns from passenger traffic had declined steadily in recent years. Passenger revenues for the Pennsyl- vania rose $4,810,000 to $57,740,587 in the year. While passenger receipts in other regions showed some increases, these in part resulted from reductions of fares and consequent heavier travel. ‘The gains by the Pennsylvania were realized with a basic fare of 3.6 cents & mile, unchanged from the post-war Freight revenue jumped $12,261,000 to $251,229,985, making the total gross increase $18,952,000. Neverthe- less, net operating income declined slightly. Gleaned in Financial District, The Savings Bank of Baltimore ranks nineteenth in size among the 100 largest mutual savings banks in the United States, and the Eutaw Bavings Bank, also of Baltimore, stands Zforty-fifth in the same list. The Virginia Bankers’ Association will hold its annual convention this year at the Homestead Hotel, Hot Springs, on June 20, 21 and 22, ac- cording to the secretary, C. W. Beer- bower of the First National Exchange Bank of Roanoke. ‘The West Virginia Bankers’ Asso- clation will again go to White Sulphur Springs, where a two-day session will be held at the Greenbrier Hotel on June 7 and 8. Homer Gebhardt, vice president First Huntington National Bank, is secretary of the association. — DOLLAR HOLDS NARROW IN DULL LONDON MART By the Associated Press. LONDON, February 2.—The United States dollar moved narrowly on a quiet market today, closing at 4.87% to the pound after opening at 4.87 1-16. Yesterday's closing price was 4.87 3-16. ‘The French franc closed at 74.28 to the pound as compared to yesterday's close of 74.25. PARIS, February 2 (#).—Three per cent rentes, 83 francs 30 centimes; 4% per cent rentes, 92.85. Exchange on London, 7431, The dollar was quoted at 15.26%. 9,591 USE NEW TRAIN. CHICAGO, February 2 (#)—Pas- lenler traffic officials of the Chicago Northwestern Railroad yesterday 8 Addressograph.... 5% Advance Rumley... '/. 6% Affillated Prod(60c) 115% 109% Afr Reduction (3).. 20% 16% Alaska Jun (11.20). 1% 1% Alleg Corp (K)..... 81 4 Alleg Cp wi40w (k) 141 1328 Allled Chem (8).... 125% 123% Allled Chem pf (7). 17% 15% Allis-Chaimers. ... 20% 17% Alpha Port Cmt(1).. {64 48's Amerada Corp (2) 17 13% Am Bank Note.... 122% 119 Am Brake Sh pf (") 117% 110 Am Can (16)....u0. 20% 17 Am Car & Foundry. 37% Am Car & Found pt 67% Am Chicle (13%) .. 27 Am Comcl Alcohol. €% Am Crystal Sugar.. 57% Am Crystal Sug of. 4 Am & Foreign Pwr. lM. Am & For Pw pt 16) » Am & For Pw 2d pf. 30% Am Home Prod 2.40 D 5% Am International. 3 Am La France (k).. 16% Am Locomotive. ... 49% Am Locomotive pf.: 20 Am Mch&Fy(80c) 14% Am Metals..... 24 Am News (13%)..... 3 Am Power & Light. 10% Am P&L $5 ot (1%) 12% Am P&L $6 pf (13%) 13% Am Radiator 20% Am Rolling M 40% 344 Am Smelt & Ref 112 109 Am S&R 6% pf ( 125% 122% Am S&R 7% pf (7). 18% 14'- Am Steel Foundry 43 371 Am Stores (12%). 671 €0 Am Sugar (2). 106% 103 Am Tel & Tel ()). 84% 79 Am Tobacco (5).. 86% 81 Am Tobacco B (5).. 19% 13% Am Type Fdrs pf (k) 14% 128 Am Water Wks (1). 9% T4 Am Woolen. . 454 3815 Am Woolen pf. 1% 1% Am Writ Paper (k). 4% 4 AmZinc & Lead...s 12% 10% Anaconda Copper. ., 17% 15% Anchor Cap (60c).. 107% 103 Anchor Cap pf(6%) 891 36 Archer-Dan-M (1).. 61 51 Armour of Illinofs. . T70% 641 Armour Il pr pf (6) 6% 4% Arnold Constabl 13% 10% Asso Dry Goods 95 8i% AssoDry G 1st p: 55% 43% Atch To& S F (h2). 861 *0 Atch To&S F pf (5). 37y 2815 Atlantic Coast Line 2% Atlantic Ref €1) 6 Atlas Tack. Auburn Auto.... Evu Austin Nichols. 50 Austin Nich pf A(5) 415 Aviation Corp Del .. 25% 51 Baldwin Loco. ... 22 Baldwin Loco pf 10% Baltimore & Ohto. . 131, Baltimore & Ohlo pt 37w Bang & Arros (2%) 6% Barnsdall Corp. ..., 73 Beech-Nut P (13%) 12% Belding-Hem(h50¢c) 142, Bendix Aviation. .. 15% Beneficial Loan 1%. 34 Best&Co (2). 29% Bethlehem Steel 69% Bethlehem Stl pf. 223 Bigelow-San Corp. 10% Blaw Knox........ 21% Bloomingdale (40c) 81 Boeing Aeroplane. . 5 Bohn Alumn& Br(3) 90 Bon Ami (A) (15).. 23% Borden Co (1.80)... 28% Borg Warner(t1%) 254, Briggs Mg (2).... 36% Bklyn-Man T (h13§ 2% Bklyn & Queens. ... 2214 BkIn&Queens pf(4). 57 Brown Shoe (3).... 104 Bucyrus-Erie cv pf. 64 Bucyrus-Erie pf (2) 4% Budd (EG) Mfg. ... 26 Budd (BG) Mfgpf. 3% Budd Wheel.. 12 Bullard Co. . 14% Burr Add M (606).. 200 N0 "Ol 105% 105 11 38% 27 4 1 o ) ROEANDN MO0 ke A0 TN N » - S e e O o bt B 00 LT DO 0920 51 00 & 19 00 =31 00 ©0 69 60 b ek 1 1ok O bt OO 8% 5% % 12 17% 1% 4 135% 124% 7% 5v 6% 5 101§ 9% 43 TRl 29 £ - W 5% % 12 17% 1% 4 136 124% 16% 18 56% - 1+ 444 FE FFEFE FEE FFP F FER FR2P F FFEFES 14++1 1 +4 s FELF F X FFEFES FES £ B TSRO S 2 ) - o FF OFP FE ¥ Frs 14% Bush Tr Bldg pf ct. 1% Butte Copper & Zino 16% Byers (AM)... ... 3634 California PKg(1%) %, Callahan Zinc...... 13 Canada Dry G A (1) 11% Canadian Pacifie 90 Car Clin & O sta (5) 1% Case (J 1) Co....... 92 Case (J 1) pt (4) 36% Caterpillar (11) 28% Celanese Corp. 17% Celotex vte (k). 18% Celotex o pf (k). 22% Cent Aguire (1%) 471; Central RRof N J.. 3x% Cerro de Pasco (2).. 2714 Certain-teed pf. 42 Ches & Onio (z.80). 38% Ches-Corp (2%)..01 2% Chi Mil St P & Pac. 3% Chi Mil St P &P pf.. 4% Chi & Northwestern 8 Chi & Northwest pf. 22 Chi Pneu Tool pt... 2% CRI&P6% pf (k) 26% Chickasha C O (2) 353 Chrysler Corp (1). 20 City Ice & Fuel (2). 87 City lce& F pf 6%. 7 City Stores (k).... 1781 161% Coca-Cola (17 16% Colgate-P P (50¢) .. 4% Coto Fuel & Iron (k) 19 Colo Fuel & Ir pf (k) 11% Colo & Sou 2d pt 6% Col Gas & Elec 52% Comel Credit(A)(3) 56% Comcl Inv Tr(12%) 115% 1137% Comecl Inv cv pf(e6) 23% 13 35% 84% 6 7% 21% 225 82 8% 1% 18% 5% 40% 20% Comecl Solv (60c)... 1% Comwith & South. . 29% Comwith & S pf (6) 32% Congoleum-N (1 60) 721 Con Cg pr pf ww 6% 5% Consol Film....... 19% Consol Film pf (J2). 19 Consol GasN ¥ (1). 8% Consol Gas pf (6).. T3 Consol Ofl (h42¢) . e % Consol Textile. .. .. 11% Contatner Corp (A). 4% Container Corp (B), 5% Contl Baking (A)... 7% Contl Baking (B). e 62% Contl Can (2.40)...3 30% Contl Insur (11.35). % Contl Motors.....s 16% Contl O Del (h50¢).. 62% Corn Prod Ret (3) 5% Coty Inc. 36% Cream of 123% Crosley Radlo.... 43% Crown C&S pf(2.70) 4% Crown-Zellerback. . 203 Crucible Steel....ee 5% Cuban-Am Sugar. .. 18% Curtis-Publishing. 931 Curtis Pub pf (7). 2% Curtiss Wright.... 7% Curtiss Wright 1A) 17% Cutler Hammer. 24% Deere & Co. 19 Deere&Co pt(320c). 35 Delaware & Hudson. 15 Del Lack & West... 681 Detroit Edison (4). 40 Devoe& R (A)(t2), 26% Diamont M (1% ).« 34% Dome Mines (1333). 11% Dominion Strs(1.20) 20% Douglas Alrcraft. 4 Dunhill Internatl 921 Du Pont de N (2. m 105 Duquesne Lt 1st (5) 117% 110% Eastman K (14% ) e 20% 29 16% Eaton Mfg (1).. 23% Electric Auto Lite. 108% 107 Klec Auto Lite pf 7. 6% 8% 22% A% Electric Boat... "% Elec Pwr & Ulht.. 6% Elec Pwr&Lt $7 pf. 45 Elec Stor Bat (2%). 52% Endicott-John (3).. 2% Engineers Pub Sve. 17 Eng Pub Sve $6 pf.. 10% ErfeRR . ...... 70 Erie & Pitts (3%).. 10% Eureka Vac Cl(30¢). 19 Evans Auto P(50¢). —_———————————— Fairbanks Co pt FEF EF F FEE FEEL | I I+ o+ 41% +1% 29 +1 42% - % 39% + 3 24 3% %+ % 8% 22% -1% 2% 2% - % 37% + 0% — 90 1% - 172% + 16% — 4% - 21 -1 U FREF F TEFEFEESF s oo ¥ OFEFEE & - anaemann # sxaes w0 Serrnned ~BonnSvemnanat - - EFEF FEFELEF e e [=1S-1) 95 93% 95 +1 1408 105% 105% 105% 4 1:8 13 118 18% 1 2% 2% 20% + % 208108 108 108 — % 5B, . S reSammmmnne - 1"6% 6% 105 19% 3% 90 T8 107 2% Follansbee Bros (k) 1% Foster-Wheeler 7% Foundation Co. 10% Fox Film (A) 20% Freeport-Tex: 35% Gen Am Trams (1%) 7% Gen Baking (60c). . 6 Gen Bronze. . 52% Gen Clgar (17)....e 20% Gen Electric (60¢). 11 Gen El spec 60c 32 328 Gen Foods (1.80)... % Gen Gas & El (A) 60 Gen Milis (3) 30% Gen Motors (1 107" Gen Motors pf ( 18% Gen Print Ink (1), 26 Gen Ry Signal (1).. 1% Gen Realty & Util.. 16 Gen Realty&Ut 16% Gen Refractor! 16% Gen Refracctfs. 134 Glllett Saf Ras (1)os 3 Gimbel Bro: 43% Glidden Co (Vl‘li)- 3% Gobel (Adolf). 15% Gold Dust (1.20 9% Goodrich (B F) 3% Grand Union. 13% Great Northern pf.. 26% Grt West Sug(2.40) 119 Grt West Sug pf(7). 5 Hahn Dept Stores. .. 101 Hanna (M A) pf (T) 16% Harb Walker (50c). 3 Hayes Body 85 Hazel Atlas 73% Hercules Pw (13%) 104 Hershey C pf (15).. 7% Holland Furnace. .. 9%, Holland & Son (60c) 31 Houd-Hersh A (§2). 7% Houdaille-Hersh B, 2% Houston O11 (mew) .. 4% Howe Sound (3) 4% Hudson & Manha 95 Hudson Motor Ca 2% Hupp Motors.... _— 1% 65 13 153% 65 13% Illinots Central..... 30% Indus Rayon (1.68). Ingersoll-Rand (2). 50% Inland Steel (1)...s 27 Inspiration Copper. 4% Insur-Sh ct Md(10c) 12% Interboro RpTr(k). 24 (ntercontl Rubbe 5% Interlake fron.... 4 Int Agriculture 149% Int Bus Mach ( 54 [nt-Carriers Ltd 20 274 Int Cement (h25¢). 37% Int Harvester (60c) 22% Int Nick Can (60¢). 9814 Int Print Ink pf (6). 16% Int Rys Cent Am pf. 44 IntShoe(2). 384 [n1 Tel & Tel .ee 6% Intertype COrp..... —— 57 57% 3 54 Jewel Tea (3). 48% Johns-Manville.... 561 Jones&Laugh 7%pf 15% Kayser(J)& Co G0c.. 1% Kelly-Spring T (k). 16% Kelvinator Cp 60c. . 16 Kennecott C (60c). 10% Kimberly-Clark. 33 Kinney (G R) pt 20 Kresge (SS) (1). 3% Kroger Gr&Bk 1.60. —_— 21 2815 12% 1214 11% 175 32% 107% 109% 154 19% 20% 348 104% 1% 21% 14% AT 18% 101% 20 Laclede GasStL... 267 Lambert Co (3).... 11% Lee Rub&Tire (50¢) 10 Lehigh Val Coal pf. 8% Lehigh Valley R R. 15% Lehn & Fink (1%3). 2814 L1b O-Ford G1(1.20) 102 Ligg & Myers (15).. 102 Ligg & Myers B(15) 151% Ligg & Myers pt (7) 18% Lily Tulip Cup(1%) 17% Link Belt (60¢).... 31% Loew's Inc (1) 102 Loew's Inc pf (6% 1% Loft Inc. 19 Lorillard P (12.30). 12% Louisiana Oil pf... 40 Louisv & Nash (3).. 15% Ludlum Steei...... 90% Ludlum Stl f (6%) ———— 28! McCall Corp (2).... 9% McCrory Strs A (k) 59 McCrory Strs pf (k) 36% Mclintyre Porcu (2) T4 McKesson & Rob... 37 McKesson & Rob pf 12 McLellan Stores (k) 251 Mack Truck (1).... 38% Macy (R H)& Co(3) 1% Mallison & CO...eue 2 % 13 Mallison & Copf... 29% 28'% ISEV- Bl)h 11% 48% 8 28% 21% 5% 8% 14% 16% 97 35% 176 101 4 13% 40% 661 21% 10% lll% 19 17% Man Elevm g (k).. 374 Market St Ry pr pf. 22% Marlin-Rockwell(2) 813 Marshall Field. ... 27% Mathieson Alk(1%) 41% May Dept Str (1.60). 5% Maytag Co........ 321 Maytag xw (3)..... 41 Meiville Shoe 2. 4 MengelCo... 28 Mengel Co pt 24% Mesta Mach (1% 3 Miami Copper. 11 Mid-Cont Pet(h50¢c) 11% Midland Steel Prod. 62 Mid St P 1st pf 4). 58 Minne-Honey 13%. 4% Minn Moline Pow % Minn & St L (k). 2% MStP&SSM 5 Mo Kan & wexa 1014 Mo Kan & Texa 2% Mo Pacific pf (K). . 55 MonsantoC(1)...s 25% Montgomery Ward. 16% Nash Motors (1)... 5% Nat Acme Co. 16% Nat Cash Reg A 500 15% Nat Dairy Prod 1.20 2% Nat Dept Store (k). 21% Nat Dp St 1st pf(k) 24% Nat Distillers (50c) 27% Nat En & Stpg (h1) 145 Nat Lead (6)...... 6% Nat Pwr & Lt (8 46% Nat Steel (1134). 9% Nat Tea (60c). 43% Newberry (J Hay. 61 Newport [ndustries 24% N Y Air Brake...... 16% New York Central.. % N Y Investors (k).. 6% N Y N H & Hartford 10 NYNH&HDpf.... 12 N Y Shipbldg (48c). 92% N Y Steam 1st (7).. 30% Noranda Mines (h2) 167% Norfolk & W (110). 99 Norf & West pf (4). 3% North Am Aviation. 12% North Amer (1).... 39 North Am Co pf (3) 57 North Am Ed pf (6) 16% Northern Pacific. .. 9% Ohio Oll (h46c). ... 3% Oliver Farm Equip.. 20 Oliver F Eaprof A. 13% Pacific G & B (1%). 7 Pac W'n Oil (h40c)« 4% Packard Motor. . 31 Par-Publix etfs(k). 13 Peerless Motor 68% Penney (J C) h1.40, 4 Penn Dixie Cement. 18% Penn-Dixie C pf(A) 21 PennRR (1)...... 6% 30% Peoples Drug 8. 110% Peo Drug S pf (l%) 17 Pet Milk (1)....... 79 28% 1n 3-82 11 “2 113-32 88 82 TS - - waonEuEmanSaaenEe @ 3 aEe o Srert3no vhonmmwen [ oL -TT - - 14% 8 lVa 61% 31% 111 18% 25 1% % 28% 61% 14% - 8 10% + 21% - 8% T4 + 36% g = ) e 2 b4% 23% + ‘l\— sm o 31% + 110% — 18 25 %= 174 = 1.+ 17% + 125% + 5% 104 18% — 3 % & FEEFE RXEE F F FF E % % % -1 % FFEFPF F FFE F5F FFE EFEFE §F S8 & FEFE FEESE ¥ 127‘& +1% 19'4 10% -1 ; Washinm Exchange % Plymouth O(k76¢).. m Port Rie Am Tob B, 24% Pub Serv N J (3.80), 66% Pub Serv N J pt (5). 46% Pullman Inc (3) - - - u?———-sn-a?»-u—-na 8% Purity Bakeries fl)’ 4% Radlo Corporation. 851 Radlo Corp pf (B).. 1% Radlo-Keith-Or (k! 38% Reading 1st pf (2).: 5% Real Silk Hostery 8% Remington-Rand. .. 71% Remington-R 1st pf P T TN of 21% Reynolds Metals(1) 46% Reynolds Tob B (3), 23% Roan Antelope Ltd.. 9 46 391 Safeway Stores (3). 110 108 Safeway Strs pf (6) 112'( 110 Safeway Strs pf (7) 15 St Joseph Ld (40¢c) 16% Schulte Re Strs pf. 55 Scott Paper (1.70).. 21 Seab'd Oil(Del)(t1) 33 Sears Roebuck..... 1% Second Nat Invest.. 7% Servel Inc 9% Sharon Steel D. €% Shell Union Ofl. ... 6€8% Shell Union Of) of.. 8% Silver King C M 400 9 Simmons Co.. 174 Sloss-Sheffield, 17% Snider Packing. 13% Socony-Vaec (60¢).s 11% South Cal Ed (1%). 15 Southern Pacific. 12 Southern Railw: 15% Sout! Rwy pf... 41% Sparks-Withington 8% Sperry Corp (26¢).. 72% Splegel-May-Stern.. 171 Stand Brands (1).. 126 123 Stand Brands pf (7) 4% 3% Stand Com Tobacco. 3% Stand Gas & Elec. .. 4% Stand G & E1 4% pf 4% Stand G & E]1 6% pf. 11's Stand G & E1 7% pf. 293, Stand Oil of Cal (1) 14 Stand Ofl of Ind (1) 40'; Stand OII N J(11%) 13% Starrett L S (h50¢). 58% Sterling Prod(380) 67 Stewart-W; 4 Stone& W 1% Studebaker (k) 13 Studebaker pf (k).. 1% Superior Ofl.. 7% Superior Steel ... P oo 8 SaRtuaarokeST ansna - & 8% Telautograph (1) 4% Tennessee Corp. . ;9',) Texas Corp (1). 3 = 31 Tex Pac Cual & Oil. 81y Tex Pac Land Trust 15% Thatch Mfg (h25c). 20% Third Nat In (h85¢) 14% Thompson Products 8% Tide Water Asso... 6 Timken-Detroit.... o €000 bt ekt 1 00 B0 kbt et 12 RS S 1 o e 31 0 208 1 00 VRS CHICAGO PRODUCE. CHICAGO. February 2 (# —Butter. 5. 7a37i frm; creames pecials (93 scorel extrs firsts (90- 3 standards ba: (90, 5 es. oes. 81: on t Btates shipments, 55+ Mlightis weaKer, $u plies liberal. demsnd and trading slo Wisconsin round whites, U. 8. No. 1. B2t Ane quality. 5:" Idaho Russets. 87 45a50; commercial grade. 1.17 1l““’z Poultry, live. 8 trucks: steady: hens. b Leghorn hens, 15%: Rock b 3 lored. Rock_and. < Luh 5: roosters. ng toms, 18: old. 1 Sred Sorine hen turkess. ST aiicks, 413 pounds up . 18 geese, 18: capons, 6-7 pounds. "“Dressed turkeys steady, prices un- changed. NEW YORK PRODUCE. NEW YORK. Pebruary 2 (f..—Eegs 3: firm: mixed colors, nds. and i 30 "average : refrigerator. firsts. unquoted . rong; creamery. higher thln extra, (92 firsts (h5-01 score B 37 scores). unquoted; ce firm; prices unchanged. Live pa&xltn nominal; all frejgnt and ex- press grades unquotes Dressed poultry quiet: all fresh and frozen srades unchanged.” RUBBER FUTURES. NEW YORK, February ().—C: rubber futures closed m-dy. No, 1, standard, 115 rch. 12.74b; May. 12.90; July, September, 16b; October. December. 13.43b; January, Smoked ribbed spot. 12.67n. b— AT% 256 40% 108 110% 110% 110!( 15 %+ % 37 +2 6% — % - % 1% — % | 111% 100 Union Pacific (6)... 22% 47 26 39% % 30% -1 108 108 14% |+ (] % FEFE RF FEOES FF FEOF OFEFFE ¥ . 16% 12% United Atrcraft 5 Truscon Steel.. 5% (] A 26% 18% Twin City R Tpf... 100s 26% 50% 45 Un Bag & Paper (4) 48 44 UnCarbide &C1.40 10 26% 24% Un Tank Car (1.20). 25 14 6 24% 6% 5% United Air Lin 26% 24% Unit Biscuit( 117% 118 Unit Biscuit pt (1). 50 46 United Carb (2.40), 2% United Corporation., 23% United Corp pf (3).. 11 United Drug......a 6% United Dyewood.., 5% United Elec Coal. ., 7245 United Fruit (3). 11% United Gas Imp(1). 89 Unit Gas Lmp pf (5) 5 Unit Piece Dye Wks 6% U S & For'n Secur., 47 USGypsum (1), 5% U S Leather... 18% USPipe & F (We)n 5% U S Realty & Impr. 14 USRubber.......s 36% U S Rubber 1st pt, . 12(% 106% U S Smelt & R (h9). 40% 35% United States Steal, 94 85 USSteelpf (2).... 7% 6% United Stores (A).. 66% 58 UnitStorespf(3i 69 52 Univ Leaf Tob (2).. 40 6% Unv Pictures 1st pf 1% Ul Pwr & Lt (A).. 4% 13% 8 oaRomanemomme R~ - S T % Vadsco Sales Corp.. 18 Vanadium Corp. 11% Van Raaly 34% Vick Chem (12. 00), 8% Va-Car Chemical.., 20% Va-Car Chem 6% pf 72% Va El & Pwr pf (6). 71 Vulcan Detin (ad).. 31 27% Walgreen Co (m1). 114 lgreen pf (6%). 2% worth Co. . 3% Warner Bros Ple... 18 Warner Bros Ple nt. 14 Warner-Quinlan... 41 Warren Bros...... 24% Warren FAy&P ( 1 Wells Fargo. 19 West Pa Elec pt ll!) West Pa Elec pf (7) PennPw pf(7) rn Maryland.. tern Pacific pf. 34% 2815 Vestern Union.... 24 Westingh'se AB 500 35% Westinghouse Elec. 91% Westingh'se 1st 3% 20% Westvaco Chi (4uc) 46% Wheeling Steel pf.. 12% White Motor. 1% White Sewing 2% Wilcox 01l & Gas 25% Wilson & Co (A). ) Woolworth (2.40).. 9% Wrigley (W ir)13%. 4% 3% Yellow Truck...... 21% 184 Youngstown S& T.. —— e 4% 181 4 Zonite Products... 6 4% 46% 10 102 100% 101% 1 25 116% 116% 2 5k+ ’k 26% -1 46% 46% 44+ EFFEFEE EFEF 256 13% 5% 24% 13% 5% 24% 115% 4% 4% 2% 28% 1 Fha+ 0 L Some “Evening Up” of Ac- counts Recorded—Turn- over Is Near 360,000. BY VICTOR EUBANK, Ascociated Press Pinancial Writer. NEW YORK, February 2.—A pos- sible Supreme Court decision Monday of the much-disputed “gold clause” | cases apparently did not unduly dis= turb today’s brief stock market session. x Although there was some “evening up” of commitments, closed fairly prices generally steady. Transfers ape %, Proximated 360,000 shares. While most traders seemed a little | timid in the matter of expanding com- mitments, there was no pronounced disposition to liquidate in anticipation of the high court’s ruling. A moderate demand for the metals, which pushed up the prices of several members of this group, indicated to some observers that the fears of serious market reper= cussions following the gold judgment ‘were evaporating. 5 Instead of viewing the judicial situ- - 3 | ation with apprehension, most market | observers were of the opinion thet + M. | equities, as a whole, probably had al- |ready discounted a pronouncement -3 rndverse to the administration’s mone= -1% 484 ~1% 6 5815 + 4 107% 108 +1% L2 % 6 28% 4% 3% 3% Il 4 8ales of Stocks on the New York Exchange. 11:00 A.M..... Dividena rates cash payments based on the latest declarations sUnit of trading less than 100 shares. #9. 1n stock id last year—no rei stock. ePayable in cash or stock. stock gPlus 4% in stock dividends _ kCompa ganized. mPlus 5% fo ock. TEx@ via -+ 150,000 12:00 Noon s aPaid this s ies reported in recelversi Gell) S10CK. mPlus 3% N 1Partly extra. r rate 110 : - 400,000 given in the above table are the annual juarterly or half-yearly $Plus bPayable in | special preferred JAccumulated being reor- 15" stock. "DPlus £% New York Cotton By the Associated Press. NEW YORK, February 2.—Cotton futures opened steady, 4 to 5 points decline, with lower Liverpool cables partially offset by March, 12.28; May, 12.34; July, 12.35; October, 12.26; December, 12.32; Jan- uary, 12.31b. b—Bid. U. S. TREASURY By the Associated Press. 83.003.64: 7 !)0!!.35 trade buying. | cess of Sxpenditures. old assets. $R.3R9, Receipts for Janu: parable date la expenditures. (including $2. of cmergency expendi 78478 8 774.79: POSITION. 3, ThE Position of the Treasury January eceipts. S 4:_exi pen- $2.510.- for the year (since July s sixf (com- 5506 net bal- | estimated in |4 SALES. Washington Railway & Electric pfd.— 10 at 101%. Woodward & Lothrop com.—25 at 28, 25 at 28, 25 at 28, 25 at 28 (seller 7 days for delivery). 100 at 28, 100 at 28, 100 at 28, 100 at 28, 100 at 28, 100 at 28, 25 at 28, 25 at 28, 25 at 28. AFTER CALL, Lanston Monotype—10 at 50, 10 at 50, 10 at 50. Washington Gas 6s B—$100 at 103%, $100 at 10314, $100 at 103%. Bid and Asked Prices. BONDS. Tel. Ame’:l' :lrell % 1. C%l Tr. r & Ross, Inc.. 6%s.. chevy Chase Club 5. Col CounuyncluhfilW:s BOL E Fow si/.-y. of, Wash. Gas Lisht Co. /'; sov. ‘Wash. !'LY & ll Dfl (6 NATIONAL BANK. Dlhl }ai oo i) fos SReeS h'l‘r ©Co. (8).. ADgrgSec & ‘Wash. mlmn (8). BAVINGS BANK. Com. & Savings (6) ...... 150 FIRE 5 Gorcoran. (2.8 Pire: 1.4 00) e i There was quite a spurt of selling at the start, attributed to liquidation, and a few stop orders were uncovered. Offerings were absorbed by trade buy ing or covering, however, and after selling off to 12.32 for May and 12.24 for October, or about 6 to 7 points net lower, the pressure subsided somewhat, with the market holding fairly steady at the end of the first half hour. Much of the trading was attributed to evening up of both foreign and domestic accounts pending a decision on the gold clause cases or develop- ments in other directions. One of the early cables from Liverpool said the market there was awaiting the gold clause decision, but that there was a moderate business. Bombay and local selling, according to these reports, was taken by trade buying at the decline. The amount of cotton on shipboard awaiting clearance at the end of the week was estimated at 93,000 bales, against 173,000 last year. Futures closed ltndy. 10 to 12 lower. Spot quiet; mlddmu 12. 45. Cottonseed Oil. Bleachable cottonseed oil futures closed easy; spot unquoted; February, 10.95b; March, 11.02; April, 11.02b; May, 11.05; June, 11.05b; July, 11.07- 10; August, 11.07b. Sales 34 con- tracts, including 2 switches. b—Bid. Dot lower. Guotations n_ pence: Amer- ican strict good middling. 7.66; good mid- dling. 7.36: strict midduing, rict low middling, 6.91; rnl lood nn‘lhlxlr! o FOREIGN MARKETS. By the Associated Press. PARIS.—Internal political _difficul counterbalanced & Tavorabis Sutloor ou he Eondon conversations. causing. Cading on the Bourse to turn heavy tod: oV grkness in rentes affected French but in- t rnational issues were more nullunt The ing 'l.! h!lfl timisti " sy R B s BT e LONDON, —Closed INVESTMENT TRUSTS YORK. Pebruary 2 (#.—New York '8 Security Dealers’ Association: Bld. Admin Pund w 13.80 Cumulative Tr Sh. Corporate Trust Corporate, Trust A" Corp Tr A - B MBS 3 S0 ok 0! %n EFFRLTRIBT] ' Bisto Do (s e 2D e PR b ==n3.=g EEEAA S customs receipts 348 26, Receipts for the fis: 451: expenditures. cluding ~ $1.983 833, expenditures):. ex 2.508.173.55; 780.67 3.46 of ‘emergency | %5 of expenditures. S1.- | Sold ‘assets. $4.034.867.- CHICAGO LIVE STOCK. CHICAGO. Pebruary (P (United States Department of Aericulture).—Cat tle. 500 commercial, “300 Government; calves. 300 commercial. ‘100 Government compared Friday last week: fed steers and yearlings, stances. 75 up: top. 65 'higher at 13.65. against 13.00 last week: lower erade steers unevenly . mostly 25 higher. such offerings closing slow. but still relatively Yyery high. compared top live cattle; dressed beef merket very slow, possibly a weaken- ing factor on ‘lower grade steers d Jearlings and she stock: best ght vearlings. 2 Diacticanly ali catite wrading choice seliing on Eastern account at 12.50 upward: strictly good and cholce heifers scarce. 50 higher; top heifers. 11.75: lower graces clesed low along with cutter 5 higher bu 2 0042.00 low of 'in-between and lower Sheen. 4.000 2,300 directs. © Better grade 50 higher: in- unevenly took bie end and lower rrade steer crop. for week endine Fridav Commnd Priday last week: 2550 1 = TRONTA S SheeploNS Hos: mbs. ‘75" lower: Week's fop some * medinm aulity down to 7 50i: choice ) R.00: Eood yeariings clang. L onolanan: ter ewes, 4.0085.00; week's top, 5.25, paid early; late ulu mdinl lambs. 6.50a7.35; week's toD th Fo. mxumn. 00, market” nomm-uy steady: Ders took 200: estimaced Boidover. —_—— PRODUCE EXCHANGE YORK. February 2 (.—Closing Produce Exchange stock list: Sales in <5 “1.000. Hundreds. High, Loy, Close, 40 Admir Alnh "4 o “ Alll + W .60 Cnche h Poudre 1Cent Am Mns... 1 3 Davison Chem . z Intl Vitamin 3 Param Pub S5 ways x on Brew x. 3 Tex Gulf Prod x .10 Tobac Prod Dela 29 10U S El L&P B 14 7Willys Overl ... .32 1 Willys Overl pf.. 2% Stock sales, 10,000; bonds. none. x—Listed. 'II 8. TREASURY NOTES. rted by Chas. D. nnuy & co) !ute—um;myl m oOffer. o § o 5255 SRR PRI o e ot ot et i RRRIRRRER: o =..§. INSURANCE STOCKS NEW YORK. Pebruary 2 m —New York Security Dealeis’ Association: Aetna Cll ( ) Aem. 60) VESES e R o I FEREE o o tor ovms 19 griswsi v | tary program. The bulk of the trade news was re- garded as satisfactory and it was some quarters that a seasonal let-down in industrial pro- duction would be less than had been | expected. Commodities were uncertain in trend and bonds were a trifle mixed. Leading European gold currencies were somewhat lower in terms of the dollar. Shares of United States Smelting, Cerro de Pasco and McIntyre Porcu- pine advanced 1 to around 2 points. Santa Fe, Case and American Can pushed up about 1 each, and frac- tional gainers included du Pont, Gene eral Motors, Chrysler, Schenley, Na- tional Steel, United States and Beth- { lehem Steels, Westinghouse, American ! 2! Tobacco B and Sears-Roebuck. Such | issues as American Telephone, West- ern Union, Consolidated Gas, Liggett & Myers B, Reynolds B ard Standard Ol of New Jersey were unchanged tc easier. NEW YORK BANK STOCKS NEW YORK. February 2 (#.—N York Security Dealers Associations Bk of Man (113) Bankers Tr (3) .. 0) Chem Bk & Tr (1'80) Commercial (8} gont Bk & Tr (R0 Corn Ex Bk & T (3. Empire Tr (1) Pifth Ave (34a) First Boston Corp (12) . First Natl (100) .. Guaranty Tr (20) Irving Tr (1) Manufacturer's T Red city 1) Y Trust (5) Fuhl'c 135) Title G_ & T (a) Including’ extras. FEDERAL LAND BANKS NEW YORK. February 2 (#)—] ana Bk vonde Y Rl Wedet Bid. Asked. May & Nov 1041-31.. Jan 1 8 .. oy 37 .. 1946-44 Secured on D. C. Real Estate Reasonable Charges Prompt and Courteous Serviee PERCY H. RUSSELL CO. 1731 K St. NW. NAtL. lul‘ For INVESTMENT Six per cent First Trust Real Estate Notes, well secured on busi- ness and residential Washington property, eappraised at present values. L OAN S e have funds available for First oan: ina “medium residence and business property sonable commission. Prompt attention given applications BRADLEY, BEALL & HOWARD Phone NO. 0271 Southern Bldg. Established Over 35 Years | 1 | FIRST TRUST MONEY Will Lend at Above Rate With 19, Commission Provided: On D. C. residences. Not over 50% present value. Not over $7,500 any one loan. Not under $2,500 any one loan. Not over 3-year maturity. Address Box 20-B, Star Offes Saul Building 925 15th St. N.W. Tdeal location. opposite McPherson Saquare. Elevator building. well kept and"Under constant supervision. Single Room $36.00 Suite of Four Rooms 923 15th St. N.W. Large Front Room $50.00 B. F. SAUL CO. NA. 2100 925 15th N.W. ON REAL ESTATE AT PREVAILING RATES OF INTEREST PROMPT.ACTION FLOYD E. DAVIS CO. HOMSL, 1R DII, IO B Eparnaie mnounced that 9,591 revenue passen- gers rode “The 400,” mile-a-minute train m Chicago and the Min- nesoto Twin Citles, during its first of openmn. 9% 8% Petrol Corp (h500).. 16% 13% Phelps Dodge(h750) 4% 3% Phila& Read C& 1l 46% 41% Philip Morris (1)..4 16 14 Phillips Petrol (1)« Realtors 733 12th 8t. N.W. NA. 3853 : 4 cees 28 30% % 1 Tt Watersvo (A)e 19 Fed'd D Stores (11). ".!!‘ SREE EEas