Evening Star Newspaper, February 7, 1935, Page 13

CURB LIST MIXED IN SLOW TRADING Utility Division Registers Fractional Recessions. Specialties Narrow. By the Associated Press. NEW YORK, February 7.—The Curb market was in the doldrums to- day, with price trends uncertain and voiume proceeding at a low rate. In the utility division fractional recessions were the order of the day with Electric Bond & Share at 5. Citles Service was unchanged at 1Y Inactive specialties moved in a narrow range. Advances were re- corded for Distillers Corp.-Seagrams at 16%, and Pittsburgh Plate Glass at 55%. Montgomery Ward was off a full point from the previous close at 133Y, while fractional declines were suffered by Aluminum Co. of /a. | Asso Gas&Elec pt America at 42! and Swift & Co. at 17%. DOMESTIC BONDS. High. 733 80'2 Ya Low. Noon. 3% 3% y Alabam Pw 425 i Alabama_Pow, 55 Am Cm Pw 5as, Am El Pow 6s Asso Rayon 5s Asso T&T 5%s A W) 312 10812 10812 10813 041410414 1041 0175 10114 10178 Ss 957 (3] 5 7 B LY o, Oty g2, 8 Mg Te o P oron 25 S5 D3 o (Sl L2 Received by Private Wire Direct to The Evening Star. Stock and Sales— ' Dividend Rate. Add 00, High. Ala Grt Sou (k2).. 258 36% Allied Mills, inc Alum’n Co of Am, Alum'n pf (1%).. Am Cities Pwr & Light A (3) Am Cynam(B)40c Am Gas&EI1(11.20} Am Gas&El pf(6) 2258 Am Lt&Trac 1.20. Am Lt&Tracpf 1% Am Superpower. . Am Sup'pwr 1st pt Am Thread pf 25¢c. Arcturus Radio T. Ark Nat Gas (A). Ark Nat Gas cu pf Armstrong C k25¢ Art Metal (k25¢).. Asso Elec Indus Ltd (k10 3-5¢) Asso Gas&El (A). Bewo Atl Coast Fisher.. Atlas Corp. .. Atlas Corp war. Atlas Corp(A) (3). Auto Vot Mch 50c. - B HAROHEO G N Bickford's (170¢c). Blue Ridge Corp.. Blumenthol (8)... Bower Roll B (1).. Bridgeport Mach. Brit Celanese Ltd rets. Buckeye P L (3).. Buffalo Niag & Eastpt 1st pf(5) Bunker Hill&Sul. Burco, Inc. . . Butler Bros. 2 Cable Radlo vte... Can Marconi. Carrier Corp. ... 3 Celanese 1st pf(7) 1758 107 Cent States Elec.. 4 & Chicabo Mail Order (1113) Chi R&M (k87%c) Childs Co pf.. Citles Service Cities Service pf.. Cities Sve pf BB.. Clev Elec Illu(2 Cleveland Tractor Colon Oil. Columbia. Elec cv pf (5) Com'with Ed 4) Comwith&So wa Cons Alrcraft Cons Copper. ..... Cons Gas of Balto (3.60) Cons Retail Stores Cont G&E pr pf(7) Cooper Bessemer. Cooper Range. . Cord Corp (k25¢).. Court'lds (k2813¢) Crane & Co. .. Creole Petrol'm. . Crocker Wheeler. Croft Brewing. ... Crownx Cork Intl (A) (m75¢) Cueno Press(1.20) Cusi-Mexicana M. 1% 16% 105 107 % 5 17 1315 22% 14 17 1315 221 1% 10t 17 13% 221 1% 10% : 10% 25% ™ % T Davénp't Hos (2 Dictograph Prod. . Distillers Crp-Sea Doehler Die Cast. Dow Chemical (2) Duval Tex Sulph.. Eagle Pitcher Ld. Elec Bond&Share. Elec Bd&S pf (5).. Elec BA&S pf (6).. Elec Pwr & Lt opt war.., Elec Sharhold’g. . Emp G&F 7% pf.. 100s R scwmon e BoR Equity Corp...... Ex-Cell-O A&Tool Fairchild Aviat'n. Falcon Iead. Fanny Far (25¢).. Fedderc Mfg (A). Fidelio Brewery. . Fisk Rubber...... Flintkote Co (A). Fla Pwr &Lt pf...10 Ford Mot Can (A) (k13%). Ford Motor Ltd... Foundation(For). Froedtert 5r& M conv pf (1.20) 50s Gen Invest Corp.. 1 Gen Invest pf. ... 1 Gen T&R pf A (6) 258 97 Goldfield Consol.. 20 W Great Atl & Pac Tean-v (17). Great Atl & Fac Tea 1st pf (7) Greyhound (Del Groc Store pr vte. % 6 15% & 15% 3 1 1 & s 15% 97 97 % % 108 126% 126% 126% 108125 125 125 4 21% 21 21% 10 % %W % DEPOSED CHIEF POINTS TO PARAMOUNT PROFITS By the Associated Press. HOLLYWOOD, February 7.—Em- manuel Cohen, deposed Monday as vice president and general manager of the Paramount Film Studios, cited profits of $5,000,000 for each of two successive years of his administration. In a statement to studio personnel Cohen declared he had increased the “ | studio’s picture profits from a $9,- 8034 g8 e 51 4 ¥ 29 2 D4bs 04Y, 94Y 0614 10674 10844 78, .33 {:31. 99% 90 dad<adaca FEENEN s Russia B'/gl L3¢ . Rus 6l%s ctt NC '19.. Stinnes 4s 'ifl !Ig . Terni 8o 6% 3 e With warrants. n—] (stp) —Stampe by maturity. ceivership. —_— LONDON BANK REPORT. ‘LONDON, February 7 (P.—The weekly statement of the Bank of lnlllnd shows the following changes in pounds: Total re- serve decreased 2.084,000. circulation in- ecreased 2.047,000. bullion decreased 37.- 000, ~other securities decreased 000. pubiic deposits decreased 4.414.00 deposits _increased 2.359.000. notes re- 41 41 75% 5% xw—Without _When issued. st " Negotiability impaired 'Complnm reported in re- warra serve decreased 2.047.000. government se- | 851 cuities increased 390, 000 The provortion of the bank's reserve o ”3"“,“{ 1s 4753 per cent compared With 21 Tast Rate of discount, 2 per cent. e Archer-Daniels-Midland Co. com- 2ot mon share egrnings, six months ended December 31, 1934, were $1.99 vs. sl)fi ’ 000,000 loss in 1932 including write- offs, to a profit, including foreign ex- change, of $5,000,000 for 1933 and $5,000,000 for 1934. WHOLESALE FOOD INDEX RESUMES RISE IN WEEK By the Associated Press. NEW YORK, February 7.—Food prices at wholesale resumed their up- ward course in the first week of Feb- ruary, says Dun & Bradstreet. A gain of 6 cents for the week brought the agency’s weekly index to $2.73 on Feb- ruary 5 from $2.67 the week before, and established a further new high mark since October 23, 1930. INTERMEDIATE CREDIT ISSUE OVERSUBSCRIBED By the Associated Press. NEW YORK, February 7.—An offering of $12,500,000 Federal inter- mediate credit banks 13 per cent de- bentures has been heavily oversub- scribed and the books closed, Charles R. Dunn, fiscal agent, announced to- day. The debentures mature in 4 and 6 months and proceeds are to be ap- pl!ed for refunding. PENN MUTUAL REPORTS SALES FAR ABOVE 1934 Spectal Bispatch to The Star. PHILADELPHIA, February 7.—An increase of 32 per cent in life insur- ance sales by the Penn Mutual Life Insurance Co. in January, compared with January a year ago, was reported today by William A. Law, president. ZINC STOCKS CLIMB. NEW YORK, Fel q o~ Stocks of zinc in mwn:w s‘fim at the end of January totaled 119,908 short tons against 119,830 at the end of December and 111,981 at the end of January, 1934, the American Zinc 12, other Institute reported today. —_— NEW YORK PRODUCE. NEW YORK 7 (D). —Ef 10707, vy mixed: catrs: spec: or select:ons from h ards and commercial mediums. 40 42 pounds. a nh’llu’lwr firsts una Butter. ‘Elcsedd‘n steady; creamery. higher ¢ 37%a38%; extra (92 score), (88-91 ' scores). 34%a36%: t] (9 “HEE 3 % T ‘Steady: RS e raey wheRased 4 Jones & Laugh Stl THE EVENING STAR, WASHINGTON, D. C, THURSDAY, FEBRUARY 7, 1935. N. Y. CURB MARKET Stock lnd Sales— Add 00. Hartman Tobacco Hollinger G 11.30. Humble Oil (1) Hygrade Food —_— Il Pwr&Lt $6 pf. 250s Imperial Ol Ltd coup (180¢c) 8 Insurance Co of North Am (2) 1 Intl Hydro Elec Systemcv pf 26s Intl Petrolm ($2). 4 3 Intl Products..... 1 Interst Eqcv p 1 Irving Alr C(40c). 4 10s Kerr Lake (k10c). Kingsbury Brew.. Kirby Petrolm. ... Kress (S H) special (60c).200s Lefcourt R pf(1).. Leonard Ofl....... Libby McNelll&L. Lone Star G (pl5c) Long Island Light 48 40 5% 26% 1% % 1 Y prA(T)... Long Island Light pLB (6)... 1008 Louisiana L& Ex. & McWilliams Dr(1)100s Maryl'd Casualty. 1 Mavis Bot (A)(r). 2 Mex-Ohio Oil..... 1 Mid West Util (r) A Molybdneum..... % Mont Ward A6%. 70. 133% \33% 133'/4 Moody'Inv Sve +e. 168 25 ptpf. Nat Bella Hess... 16 1% 1% Nat Bond & Sn(1) 2 29 294 Nat Dairy pf A(7) 1108103 103 Nat Fuel Gas (1).. 4 13% 13 Nat Investors.... 1 1 Nat Rubber Mach. 2 74 NatSugarNJ (2) 1 33 Nat Union Radio. . Natomas Co(60c). NJZine (2).. Newmont M ( 2 N Y & Hon R 1134. 50s 3315 N Y Tel pf (6%).. 258116% Niag Hudson Pwr. 2 34 Niles-Bem-Pond. . Nipssing(k123%c). Northern States Power (A).. 24 25 1% 29% 103 llGhllG% 3% 3% 1 113 11% 6 2% 2% : 9% 9% 2 2% 20% 42 4% 33 1st pf (1) 3008 Pan-Am Air(k50c) 2 Param'’t Motors.. 2 Parke Davis 11.40 300! Pennroad Corp.. .. 1 Pet Milk pt (7{. . lOl 120 120 120 Phoenix Secur,... 1 1% 1% Ploneer Gold Mines Ltd(80e). 10 itney Bo P (20¢) 4 Pittsb'gh LE(232) 30s Pitts Plate G 1.60.450s Potrero Sugar. ...100s Prod Royalty 2%¢ 3 Prudential Invest. € Pub Service Nor I11 $100 par 150s Puget Sound P& L§spt. 10s Puget Sound P&LS6DI... }%l Richfield Oil Cal St Regis Paper. .. Salt Creek P (80c) Schiff (The)Co(2). Selected Indus.... Selected Indus allot cfs (3% ).200s Select Ind pr(3%) 50s Shattuck Den Ain 2 1% % Sherwin Will (3). 345s 85% 85 8514 Sherwin-W pf (6) 30s 110 109% 109% Smith (AO)..... 300s 39% 39 39 South Am Gold & Plat (k30c). 3 4 4 4 2 21% 21% L 52 55 Southn Calit Edispt A (1%). Southn Calif Edispf B(1%). Southn Colo Power (A).. Southwest Penn Pwr&Lt (4) Stand Inv cum p! Stand Ol Ky (1). Stand Oil Ohlo. Stand Silver & Stutz Motor. Sunshine Min 64c. Swift & Co (175¢) Swift Intl (2) Taggart Corp'n. .. Tastyeast, Inc(A) Technicolor, Ine. . Teck Hughes(40c) Tenn Electric Pwr 1st pf (7). 508 Tex P&L pt (7)... 508 75 Texon O&LA(60c) 1 Todd Shipyard (2) 1 Tonopah Mining.. 1 Trans Air Trsta.. 9 Trans-Lux DLPS (20c) & Tubize Chatill(A) 1 Unit Carr F (60c). Unit Founders Unit Gas Corp. 5 21 13 4 6 3 00s 1 508 Unit Milk Prod. .. Unit Molass Lt (p63-5). Unit Shoe M USElec Pwrww., 2 USFol (B)(60c). 1 U S Playing Card (11.76) 50s Unit Verde Ex 406 3 Utah Apex....... 1 Utilitles Pwr&Lt. 6§ 4 1 Venezuela Petm.. Waco Aircraft.... Waitt & Bond (B). Walker (Hiram).. Walker (H) pf(1) Wenden Copper. .. W Va Coal & Coke Western Auto Supply A (3) ‘Woodley Pet(20c) Wright Har(160c) 19 —_— Yukon Gold. . 1 6 1 10 6 1 2 2 % e r U Rt R S o3 ot traalg” “TParlly etra, " TPl 2% k. bPay- lbll in lm‘ fllul 6% 1l.| lhek 1Plul 9% ) able in script. Plus mAccus muf.‘t‘eu amlemu DPlus 10% k. kPaid last no' regular & ar nu rCompanies rnorm ucllvmhln or being rvgrnnlud xEx dlfld % % rd TaepeTe (Un1T Prentice Hall.. “ ©3 8% | year ended December 31. EXCHANGE RETAIN . DAVIS AS COUNSEL Gets Aid in Connection With 11-Point Program of Commission. By the Associated Press. NEW YORK, February 7.—The Stock Exchange has retained the legal services of John W. Davis, former Democratic presidential candidate and noted constitutional jurist, in connec- tion with the 11-point program for stock exchange administration re- forms proposed by the Securities and Exchange Commission, it was learned today. The move was viewed with the greatest interest in brokerage circles as a further step in the rather con- fused controversy which has been in progress here ever since the commis- sion made its “suggestions” in regard "1to administrative procedure, includ- ing methods of electing exchange offi- cers, with the hope that they would be “voluntarily” adopted by organized securities markets throughout the country. At least one exchange member had vigorously attacked the recent action of the Association of Stock Exchange Firms in indorsing the commission’s proposal, and he was generally re- h garded as the spokesman for a con- siderable group who were of like mind in the matter. The Stock Exchange itself has only referred the communication from the commission to its Law Committee for study, and has taken no official ac- tion. —_— BITUMINOUS OUTPUT SHOWS FURTHER RISE The National Coal Association, from incomplete car-loading reports from the railroads, estimates bituminous coal production in the United States for the week ended February 2 as ap- proximately 8480,000 net tons. Pro- duction for the corresponding week: 1934, 7,495,000 tons; 1933, 6,013,000 tons. The report of the Bureau of Mines shows production of 7,760,000 tons for :he week ended January 19, and 8,250, 000 for the week ended January 26, 1935. Production calendar year to Febru- ary 2: 1935, 39,375,000 tons*; 1934, % | 36,260,000 tons. *Subject to revision. e T DIVIDENDS ANNOUNCED RK. February 7.—Dividends d!:‘llred 'nren:red by the Standard &llls- tics Corp.). Extra. : Rate, FozStock of Pas- Roge's 5, 10 ang AL Fi0G. Tecord. able 25¢ 8trs.,....... 1-20 2-1 2-19 3-1 Landis Machine Ace Signal Mt Port- nd Cem 8% pf... $2.. Regular. Am Capl $5.50 p{.$1.37% Q Atlas’ Pow +i00-4B0C @ Central \41 Val El 3% I Central “Rube Champion Coued Paper_pf. c pi. Do.. §) .... 90 iber 15t pf. * Champ Detroit Paper Prod o Heyden Chemical. . Hydro-El Secur Corp 5% pf B. Lincoln _Stores Do.. 7¢ pf McCl, w ' York "Banl N e Bnre Bearer Chio Power Ao pf..%i50 | Beoperell " 19 0ctd DR W e Virzmm‘ % pow pf. Walker & Co Cl A" ‘Wnfland Oil Roy A’ Am Stl Foundries pf.5 | Cora Corp nf 25 | McColl Prontc o Led | Patterson Sargent » e NEW YORK BANK STOCKS | YORK. Pebruary (P —New %4 | york Becurty Dearers Association (Quotations as of 2 o'clock.) d. A Bk of Man (113) Bankers Tr (3) Guaranty Tr (20) Irving Tr (1) . Mlnuhfl.urer s Tr Nail City (1 & 8¢ Tr (50} *Tocluding extras. U. S. TREASURY POSITION. By the Assoclated Press. ‘The position of the Treasury on Febru- ary 5 was Recelpu S21,220.246.06; ex- n al year (since Jul : expenditures, 54- g nncludlnx $2.139.8! | 378778 o emersency expenditures excess o! exnenduures $2.044.557,967.87; gold assets. $8.412.340.556. Receipts for hbrunry 5. parable date last year) 2. exnundllnr 50 861.995.43 net balan | $4,2: 0 38 customl tecelnu for 4. 808.250.04. or the fiscal year $4.544.- exuend!tuuu Q"! 702.4! flnclumnl $ 6.070.90 of emergency expenditure: exceu of re- ceipts, $R42,413.426.03: gold assets, $7,- 030,146,124.25. e ALLIS CHALMERS L0SS CUT. NEW YORK, February 7 (#)—Allis Chalmers Manufacturing Co. reported today & net loss of $1,039,406 for the In 1933 net loss was $2,893,905. NEW YORK BAR SILVER. NEW YORK, February 7 (#).—Bar silver steady, Y higher at 537% Raitroap CArLOADINGS 1,000 CARS) 4257 FEB|MAR]_APR |MAY|JUN|JULY | AUG| SEPT]OCT] N° nze 425 INCREASED ASSETS SEEN FOR FIDELITY MUTUAL Spectal Dispatch to The Star. PHILADELPHIA, February 7.— Assets of the Fidelity Mutual Life In- surance Co. of Philadelphia increased $2,207,000 last year to a total of $101,- 585,000, Walter Le Mar Talbot, presi- dent, stated in his annual report to policyholders. “Surplus and contingency reserves increased to $6,599,000. Payment to policyholders and beneficiaries amounted to $12,380,000, making & m mn il ‘ w:}:wflm«.. ‘l,Hflhm || dh ) A7 €3 M!fi .~ flr s fli S SUNSHINE EDGEMONT SMACKS 14-0z. pkg. CREAMY SANDWICH b. 23¢ Wheatena Quaker Oats Quick or Regular. START THF DAY RIGHT NATION-WIDE COFFEE ROASTER FRESH 1b. 25¢ YOUR ORDER COURTEOQUS DELIVERY 17¢ =i~10c The Wheat Cereal total of $186,190,000 paid to policy- holders and beneficiaries since the or- organization of the company in 1878. “Insurance outstanding at the close of 1934 was $361,800,000. The com- pany held cash of $3,234,600 and United States Government bonds of $3,127,100, a total of $6,361,700, as compared with a total of $3,493,600 a year ago,” the statement adds. MONTREAL SILVER. MONTREAL, Pebruary 7 (P.—Sllver futures opened _stei 28 Ly M phirnner: May, 53.90b; 55.00b; October. b; December, 56.00b. h—Bi SERVICE FREE RECORD CORN ACREAGE REPORTED IN ARGENTINA By the Associated Press. NEW YORK, February 7.—A record Argentine corn acreage, with the har- vest about two months away, was re- ported last night by cable from Buenos Aires to the Argentine Infor- mation Bureau. Land planted in corn totals 17.- 371,000 acres, it was rcported to the bureau, an increase of 7.9 per cent over last year. The average for the last five years was given as 14,567,000 acres. You'll enjoy shopping in Nation-Wide Stores. .. and you’ll find it economical, too. Our large volume buying permits us to sell the best quality for less. Shave that grocery budget of yours. Shop wisely in Nation-Wide Stores—where #sxe A-—13 NEW YORK LIFE GAINS $98,562,112 IN ASSETS By the Associated Press. NEW YORK, February 7.—The New York Life Insurance Co. reported assets at the end of 1934 of $2,109,- 505224, an increase of $98,562,112 over the previous year, New insurance issued during the year exceeded $440,000,000, the report stated. At the close of the year total in-" surance in force amounted to $6,661,~ 514,072, saving is the rule, not the exception. DEL MONTE ORTHO-CUT COFFEE . 35¢ e 23¢ »e |Qc Delicious . COLLEGE INN TOMATO JUICE COCKTAIL et 15¢ Grape-Nuts Ke||ogg s All-Bran Nation-Wide Spinach ....... .5 an 15¢ Flag Rosebud Beets . .....2 No.zans 29¢c Hunter’s Pride Early June Peas 2 s 23c Standard Fresh White Lima Beans . n 10c Walter Bakers Chocolate. . s oz cake 23c Log Cabin Syrup Table sise can ... .23¢c Del Monte Crushed Pineapple . ~o. 2 can 17¢ Zion Fig Bars ...... OVALTINE THE DRINK THAT PICKS YOU UP = 33c SNOWDRIFT k. 21c 14-0z. can 1,034 OTHER PRIZES Ask Us How to Win CRISCO zzc 3.1b. La France Powd Satina Tablets GOOD LUCK MARGARINE b 18¢ Dated for Freshness ELK GROVE GRADE A Med. ey 4lc Size s iblip 1-1b. can Lge. Size I T e 2 e 2222 22, Quality-First MEATS AT THRIFT-FIRST PRICES /2 Sweet as a Nut “Not the Ch.up t LI 1221 L1/ L L L L LA E LA LEE L LA L 2 LT L LA L L LS Nation-Wide Store Call Linc. 0093 65¢ WIN $1,000.0 6lc CHUCK ROAST SHOULDER OF LAMB. ... .. “Jos. Phillips Original” All Pork Sausage .........™ Frankfurters ....n Pure Lard ....2 ms Fresh Hams .. .o Fresh Shoulders . .» Royal Pork .....n N T e e L L 2 E el 2 2 22 vra 2 110 pgs. 25¢ SAUSAGE MEAT Ib. 25c WHITE STAR TUNA FISH 0ld Virginia PRESERVES 3*17¢ NATION-WIDE COCOA v 14¢ No. % cans 29¢ Wax Lunch Rolls Libby’s Corned Beef Hash. .2 ¥o. 1 cans 29¢ Libby’s Potted Meat. ........3 ans 13c Libby’s Vienna Styl Nation-Wide White 3 e 25c v b er e Sausage. .3 cns 25¢ Floating Soap . ke 5¢ Bab-Q For Porcelain and Enamel , Red Seal Lye The Breakfast Food of Millions Help Yourself To Health 1 Can Babbitt’s Cleaner Free With the Purchase of 1 Can NATION-WIDE BAKING POWDER ool & "oy 19¢ m e 25¢ LAKE SHORE PURE BEE’S HONEY 16-ofi.lfomb lgc PILLSBURY’S PANCAKE FLOUR 2 ke 21c ROOT ROCK GINGER ALE 16-0z. bottle 5c contents Nation-Wide Mayonnaise :: »t. 15¢; »t 25¢ Bee Brand Vanilla . . ... . ... 20z 00t 23¢ Nation-Wide Gelatin Pure Fruit Favor pks. 5¢ 4 rous 10c GOLD DUST Ige. pkg. 21c and 1 Can Scouring Cleanser FREE 2= 23¢ 13¢ Embassy Dairy | QLD READING| HIGH ROCK Walker Hill MILK 7c «12c CERTIFIED EGS FLK GROVE BUTTER ELK GROVECERTIFIEDEGGS || JOSEPM ATRIN " 812 1900 ST_ 8. W. Fountain Brand Hams Sn o Ib. BEER . 29¢ conts. IN LICENSED STORES ONLY GINGER ALE PALE or GOLDEN 3 bottles 25 c contents . 47¢ GOLD MEDAL BUTTER - 45¢ VIRGINIA ROLL BUTTER IDAHO BAKING POTATOES 10*-29c¢ L 2T L7 2227722 7774 FRESH FRUITS and VEGETABLES California Carrots. ... .z bunches 15€ CrispiCelery .- ... ... .- Iceberg Lettuce . .... .head 10c and 13¢ YellowOnions . ...........3 ns 14¢ SweetPotatoes ..........4n 19¢C Maine White Potatoes. . .10 « 19¢ Cooking Apples ...........4m 19¢c FancyLemons ............. do 29¢c Florida Grapefruit. .3 for 14c ana 3tor 19¢ Florida Oranges. . . . .«: 25¢ & 29¢ . b.43c stals 25¢ FANCY EATING APPLES 4 25¢ N § \ \ N \ \ N N N N \ N N N N N N N N N N N N N N N N N N N N N N N N N N \ \ N \ N \ \ N \ \ N N N N N \ N N N N N N N \ N \ N N \ N N N N N N \ \ \ \ \ N N \ N N \ N N Phone Your Order FREE Delivery