Evening Star Newspaper, February 7, 1935, Page 14

A—14 ®x* FINANCIAL, PEOPLES EXTENDS INSURANCE PLAN Hospitalization Places Staff Under Every Form of Group Surety. BY EDWARD C. STONE. Malcolm G. Gibbs, president of Peoples Drug Stores, Inc., announced today that every form of coverage in group insurance now protects the | employes of the big drug chain, a plan of hospitalization benefits hav- ing been added to a long existing insurance program, through an arrangement with the Equitable Life Assurance Society of the United States. The corporation which operates one of the leading drug chains, now be- comes one of the two concerns in the entire country, and first in the East, to provide complete protection for employes, the cost of the new plan being paid eatirely by the company in behalf of about 1,600 employes in Washington and other cities in_eight States. The benefits are available in connection with group accident and health insurance policies, Dr. Gibbs stated. Payments are to be made to employes while they are confined in hospitals. Prior to the enlarged insurance pro- gram, Peoples Drug since 1928 has provided group life insurance, accident and health insurance, accidental death and dismemberment insurance, and group pensions for employes. All these forms of protection are admin- istered with the costs shared by the corporation and the employes. In this latest and other transactions the Equitable was represented by J. Alan Maphis, group supervisor of the D. S. Bethune Agency. Snyder Takes New Position. Announcement was made today that John H. Snyder, formerly con- nected with the Mutual Benefit Life Insurance Co. of Newark, N. J., has become associated with the local agency of the National Life Insurance Co. of Vermont, of which William C. Worthington is general agent, with offices at 917 Fifteenth street. Mr. Snyder will act as production man- ager and continue personal solici- tation. Prominent in insurance circles here for many years, Mr. Snyder is best known as a former president of the District of Columbia Life Under- writers' Association. Before assuming this post he had served the organiza- tion in many important committee assignments, At present he is vice president of the Insurance Club of Washington. He is a member of the Chevy Chase Club and other local organizations. January Trade Starts Well. ‘That January trade in Washington got the year 1935 away to a good start is indicated in the report of Peovles Drug Stores, Inc., announced yester- day in The Star, showing an increase of 109 per cent over January, 1934. Sales totaled $1,466,956, against $1,- 322,136 in January of the previous year, an increase of $144,822. The figures give full support to the report of the Washington Clearing House Assoclation, which showed substan- tial improvement in clearings over the same period in 1934 5 Sales of the F. W. Woolworth Co. for the whole country were 5.4 per cent ahead of January, 1934. S. S. Kresge Chain Store sales were off slightly, while G. C. Murphy sales were up 16 per cent. All three of these big chains revealed a substan- tial gain in December over the busi- ness done in December, 1934. January sales reports so far an- nounced have been favorably received by bankers and merchants in the Capital. Further advances are al- ready predicted for February. International Bank Reports. John R. Waller, president of the International Bank, Jackson place, has made his annual report to stock- holders, dated as of February 4. He states that the Roosevelt administra- tion has given business in Washington a tremendous impetus and local condi- tions have improved materially dur- ing the past year. The earnings of the several de- partments of the International Bank reflect a slight improvement over the previous year, Mr. Waller says, al- though the income for the year was adversely affected by a continuation of unfavorable factors of the depres- sion. The International Bank is not a bank of deposit, the president says. The statement of condition on Janu- ary 1, 1935, follows: Resources. Due from banks...... Bonds and investments. Loans and discounts. Real estate.... Other assets. $5,615.89 456,265.35 795,860.88 157,978.04 3,797.05 - $1,419,517.21 Liabilities, Secured notes payable. Thrift trust notes. 82,312.83 Suspense items..... 22,330.28 Capital stock outstanding. 1,120,000.00 Surplus, reserves and un- earned profits.... 151,075.46 $43,798.64 $1,419,517.21 Today’s Trading on Exchange. Potomac Electric Power 5% per cent preferred stock figured in five 10-share sales on the Washington Stock Ex- change today, all made at 112, same as other recent sales. Mergenthaler Linotype sold at 30 on a small turn- over. ‘While Woodward & Lothrop com- mon stock was quiet today, the pre- ferred came out on the board in a small sale at 111. The stock closed with 111 bid and none offered at any price. Bonds were quiet today, $1,000 ‘Washington Railway & Electric 4s being the only issue to move. These sold at 100%2, maintaining record strength. Heard in Financial District. Offering of an issue of $12,500,000 Federal Intermediate Credit Banks 114 per cent debentures has been heavily oversubscribed and the books closed, according to Charles R. Dunn, fiscal agent. The debentures mature in four and six months and proceeds are to be applied to refunding. Disbursements to farmers co-operat- ing in adjustment programs of the A. A. A, including payments in con- nection with the exercise of cotton opfiom and the cotton producers’ ], reached a cumulative total of $620,614,027 as of January 31. Large Spring_commitments are be- ing made in this area by retailers, u:cordlng to the leading wholesale houses in the fifth Federal Reserve district. Severe weather also is re- sulting in immediate rush orders, they report. State and municipal financing dur- tng January totaled $79,727,293, in- cluding $3,704,656 of loans made by the P. W. A. and R. F. C., according to the Daily Bond Buyer of New York. 1In January, 1934, the total was $139,- 546,086, including $98, 597.1“ of R. F. C. and P. W. A. loans. THE EVENING STAR, WASHINGTON, D. C, THURSDAY, FEBRUARY- 7, 1935. FINANCIAL. TRANSACTIONS ON THE NEW YORK STOCK EXCHANGE‘S][][}KS REGISTER All markets rceived by private wire direct to The Star. 2:30 n.m. Prey. High. % 9% % 115% 204 1% 7 6% 141 125% 5% 5% 17 20% 13 25% 32% 4% 6% 20% 5614 23% 4 16% 80 25% 3% 124% 16% 138 24 2% 51 40% 112 181 92 1935 Stock and 8 Addressograph. 6% Affiliated Prod(60c) 109'% Air Reduction (3).. 163 Alaska Jun (11.20). 1% Alleg Corp (k)... 4% Alleg Cp w$30w (k). 315 Alleg Cp xW (k) .00e 132% Allted Chem (6) 123% Allied Chem pf ('I) . 15% Allis-Chalmers. 3 Amal Leather 28% Amal Leath pf (§2 47% Am Ag Chem Del(2) 13% Am Bank Note 43 Am Bank N pf 2615 Am Brake Shoe 80c. 119 Am Brage Sh pf (1) 110 Am Can (15).. 16% Am Car & F‘uumlry., 8 Am Chain...... 661 Am Chicle (13%). 26 Am Comecl Alcohol. 615 Am Crystal Sugar.. 57% Am Crystal Sug pf. 2% Am Encaustic. . 4% Am European Sec 37 Am & Foreign Pwr,, 181: Am & For Pw pf (6) 17 Am & For Pw pf (7) 11 Am Hawalian SS(1) 21 Am Hide & Leath pf 30% Am Home Prod 2.40 315 Am Ice Co.... 5% Am International 161 Am Locomotive. 48 Am Locomotive pf. 20 Am Mch&Fy(80c)., 6% Am Mach & Metals., 144 Am Metals 72 Am Metals pf. 24 Am News (13%). 215 Am Power & Ligl 10% Am P&L $5 pf (1% 1313 Am Radiator... 135 Am Radiator pf (7). 20 Am Rolling Mills. 67 Am Safety R:\zor(l) 4% Am Seating.... 32% Am Smelt & Ref 109 Am S&R 6% pf (33). 14'c Am Steel Foundry .. 88 Am Stl Fdry pf (2). 371 Am Stores (12%3) ... 2615 Am Sug pf (7) 6% 103 Am Tel & Tel (9). 26% 147 17% 102 7 44% 18 13% 114% 17% 17% 37 34% TT% 26% 137% 79 Am Tobacco (6)....x Am Tobacco B (5). x 81 Bales— Add OD H.llh. ln"’ Close. Chge. 6 1314 Am Type Fdrs pf(k) 60s 11%: Am Water Wks (1). 71, Am Woolen. . . Am Woolen nf 1% Am Writ Paper lk). 4% Am Writ Pap pf (k) 10 Anaconda Copper. 15% Anchor Cap (60¢)... 997 Armour Del pf (7) 5 Armour of Illinois 6415 Armour Il pr pf ( 74 Atch To& S F (h2). 1; Atch To&S F of (5). 274 Atlantic Coast Line & Atl Gulf & W Ind pt 23% Atlantic Ref (1)...3 3715 Atlas Powder (2)..4 6 Atlas Tack.. 221 Auburn Auto. 8% Austin,Nichols. . 413 Aviation Corp Del 373 514 Baldwin Loco. . 20 Baldwin Loco pf. 10% Baltimore & Ohlo.. 1314 Baltimore & Ohio pf 101 Bamberger pf (6%) 6% Barnsdall Corp. . 40 Bayuk Cigar (hl1).. 164 Beatrice Creamery. 123 Belding-Hem(h50c) 112% Belg Nat pt p£(7.02) 14% Bendix Aviation. .. 15% Beneficial Loan 1 34 Best&Co(2).... 2815 Bethlehem Steel 68 Bethlehem Stl pf. 22% Bizelow-: 10% Blaw-Kno: o e, o SuornomanRrRunBomoe T 108 1034 Bloomingdale pf (1) 108 10 56% 112 62% 115% 8 Boeing Airplane. . 53 Bohn Alum&Br (3)s 90 Bon Ami (A) (15) 28% Borden Co (1.60)... 281, Borg Warner(t1%) 6 Boston & Maine. . 7 Botany Mines A 247 Brisgs Mfg (2). 23w Briggs&Straton 33% Bristol-Myers 12.40 367 Bklyn-Man T (h1%. 90 Bklyn-Man T pf (6) 5 Bucyrus Erie 10% Bucyrus Erie cv pf. 4 Budd (EG) Mfg... 26 Budd (EG) Mfg pf. 314 Budd Wheel. . 11% Bullard Co. . 1 Burns Bros (B). 7 Burns Bros pf. 14% Burr Add M (6 1% Bush Terminal (k) 1% Butterick Co 15 Byers (A M) 50 Byers (A M) of. 3614 California Pkg(1%) % Callahan Zinc. . 3% Calumet & Hecla. .. 13 Canada Dry G A (1) 11% Canadian Pacific 518% Case (J 1) Co. 36% Caterpillar (1 28%4 Celanese Corp 17 Celotex vte (k). 18%; Celotex o pf (k). 22% Cent Aguire (1%) 45 Central RROfNJu 3884 Cerro de Pasco (2) e 41% Ches & Ohlo (2.80).: 38% Ches-Corp (2%4). «e3 1% Chi Great Western.. 33 Chi Great West pt 2% Chi Mil St P & Pac. 3% Chi Mil St P &P of.. 4% Chi & Northwestern 5% Chi Pneumatic Tool 22 Chi Pneu Tool pf... 1% Chi R 1 & Pac (k). 267 Chickasha C O (2) 5% ChildsCO....e..00m 85% Chrysler Corp (1).+ 20 City Ice & Fuel (2). 87 City [ce& F pf6%. 7 City Stores (k). 43 City Stores A (k). 133% Clark Equip (80¢) 10s Clev & Pitts (3%2)..x 10- 55% Coca-Cola (A)(3).. 2 16% Colgate-P P (50¢)..x 10 4101 = Colg-Palm-P pf (6) 12% Collins & Atkman. . 4% Colo Fuel & Iron (k) 17 Colorado & South. 61 Col Gas & Elec. . 55 Col G & E1pf A (6). 34% Colum Pic vte(ml). 67 Columb Carbon (4). 39% Comcl Credit (2)..¢ 5215 Comel Credit(A)(3) 109% Comcl C 1st pf(6%) 56% Comel Inv Tr(12%) 113% Comel Inv cv pf(e6) % 19% Comel Solv (60¢c). 1 Comwlth & South. 29% Comwlith & S pf (6). 317 Congoleum-N (1.60) 9% Congress Cigar. 814 Consol Cigar. . 72 ConCg pr pf ww !% 18% Consol GasN Y (1 76% Consol Gas pt (6) 1% Consol Laundrie: % Consol Oil (h4ze). % Consol Textile....u 103 Container Corp (A). 4 Contatner Corp (B): 46% Contl Baking pf (4) 62% Contl Can (2.40).., 303 Contl Insur (+1.36). % Contl Motors. ... .. 16% Contl O Del (b50¢) . 62 Corn Prod Ret (3) 5% Coty Inc. 35% Cream of 12% Crosley Radio...... 23% Crown Cork & S (1). 43% Crown C&S pf(2.70) 4 Crown-Zellerback.. 1 CubaCo........ 5% Cuban-Am Sugar. 40% Cuban-Am Sugar pf 41 Cudahy Pkg (23%).. 933 Curtis Pub pf (7). 2% Curtiss Wright..... T8 Curtiss Wright (A) 73% Cushmans ot (7). 17% Cutler 7% Davega Strs (al0c). 24% Deere & CO.......e. 19 Deere&Co pf(j20c).. 32 Delaware & Hudson. 68% Detroit Edison (4) .y 26% Diamond M (11%) . 84% Diamond M pf (1%) g W RONE DN WO -N - 3 - - [Ty aoamanen © 6 + % E% 8% 8% — W % TH TR+ % 11 111 111 + % 17 . ¥ 1% 1% 4% 4% 8% 3% 135% 135% 126 125 16% A 3 81 54% 111% 112% — % 1564 154 + % lgh 16% 8 66% — % il 6% 634 + % 2% A% - T 1'"/1 FERP BB t3 - FIALE sEEE + + 5 5 5 7 + %+ % +1 + % + % 1 % 834 + % 15 + % 3% - % 70 =5 i High. 39% 12% 24% 5% 17 % 20% 29 108 % 12 22% 120% T3 38% 348, 5% 14 214 1174 341 6% 63% T% 105 19% 7 153% 2:30 p.m. 1038 Stock and Low. Dividend Rate. 34% Dome Mines (13%). 11 Dominion Strs(1.20) 20% Douglas Alrcraft... 3% Dunhill Internatl. .» 18% Duplan Silk (1) 16% Eaton Mfg (1). 2314 Electric Auto L 107 Elec Auto Lite pf 7. 4% Electric Boat Ti E] & Mus In 2% Elec Pwr & Light. .. 6 Elec Pwr&Lt $6 pfa. 6% Elec Pwr&Lt §7 pf. 456 Elec Stor Bat (2%). 652% Endicott-John (3).. 14% Eng Pub Svc $5 pf... 16% Eng P S $5.50 pt ww 5 Equit Office Bld.... 104 Efe RR.......co0 10% Eureka Vac C1(80c). 19 Evans Auto P(60¢). 17 Fairbanks-Morse. 713 Fairbanks-Mrs pf. 48 Fed Lt&Trac pf(6). 15% Firestone (40¢) ... 91% Firestone pf Al 6).4 47% First Nat Strs(2%). 28 Follansbee Bros (k) 20% Food Mach (a25¢).. 23 Fourth N Inv(h85¢) 10% Fox Film (A)...... 20% Freeport-Texas(1). 11745 Freeport-Tex pt (6) 6% Gen Am Investors.. 35% Gen Am Trans(1%) 15% Gen Asphalt. 7% Gen Baking (500)..1 6 Gen Bronze 274 Gen Cable. . . 20% Gen Electric (60c) . 11 Gen El spec 60c 15 32% Gen Foods (1.80)... % Gen Gas & El (A)... 14 GenG&ET% pfA. 59% Gen Mills (3)...... 116 Gen Millspf (6). 30 Gen Motors (1) 1073% Gen Motors pf ( 8% Gen Outdoors AdvA 1% Gen Public Service., 1% Gen Realty & Util.., 16 Gen Real&U pf ww. 16% Gen Refractories. .. 16% Gen Refrac ctfs.... 134 Gillett Saf Raz (1). 70'; Gillette Saf R pf(5). 2% Gimbel Bros....... 23% Gimbel Bros pf.. .. 23% Glidden Co (11.15) .. 3%, Gobel (Adolf). 15% Gold Dust (1.20). 913 Goodrich (B F) 46 Goodrich (BF) pf.. 21 Goodyear T & Rub,, 4% Gotham Silk Hose. . 2% Graham-Paig 6% Granby Consol. 3ie Grand Union. 30 Grant (W T) (1) 12% Great Northern pf.. 101 Great Nor Ore(50c). 263 Grt West Suz(2.40). 11% Gulf Mobile&N pf.. 4% Hahn Dept Stores. .. 55 Hahn Dpt Stores pf. 64 Hall W F Printing.. 101 Hanna (M A) pf (T) 16% Harb Walker (50¢c). 5% Hat Corp (A).. . T3% Hercules Pw (13 31 Houd-Hersh A (j2). 74 Houdaille-Hersh B. 49 HouseFinpf (3%%). 2% Houston Ofl (new).. 43 Howe Sound (3). 8% Hudson Motor Ca 1llinots Central 1llinois Central pf.. 30% I[ndus Rayon (1.68). 65 Ingersoll-Rand (2). 50% Inland Steel (1).... 4 Inspiration Copper. 5% Interlake Iron. 4 Int Agriculture 149% Int Bus Mach (p6) 5 Int-Carriers Ltd 20¢ 264 Int Cement (h25¢). 37% Int Harvester (60c) 24 Int Hydro Elec (A). 2% Int Merch Marine. . 22% Int Nick Can (60c). 24 Int Paper & Pw (A) % Int Paper & Pw (C) 9 Int Paper & Pw pf.. 9814 Int Print Ink pt (6) 44 IntShoe (2)....... 70 Int Silver pf (4). 81 Ini Tel & Te 317 Island Creck C (4).. 57% 48% Johns-Manville.... 73 56% Jones&Laugh 7%pf 2% 13% 18‘,1 lB% 38 21% 28% 1% Kelly-Spring T k). 7% Kelly Sp Tire 6% pf 15% Kelvinator Cp S0c. . 90% Kendall Co pf (6). 16 KennecottC. (60¢)-. 30 Kinney (G R) pf... 20% Kresge (SS) (1).... 28% 12% 17% 96 2% 121 11% T4 17% 26% Lambert Co (3) 11% Lee Rub&Tire (50() 14 Leh Port Cement. .. 89% Leh Port C pf (3%) 2% Lehigh Valley Coals 10 Lehigh Coal pf. 81 Lehigh Valley R R.» 69% Lehman Corp (2.40) 15% Lehn & Fink (134).. 32% 27 LibO-Ford G1(1.20) 23 21% Life Saver (1.60)... 107% 102 Ligg & Myers (15).. 10915102 Lige & Myers B(t5) 19% 17 Lily Tulip Cup(1%) 20% 17% Link Belt (§0¢).... 30% 25% Liquid Carb (11 34% 31% Loew'sIne (1)..... 104% 102 Loew's Inc of (6%) 2% 1% Long Bell Lum (A). 128% 126 Loose-Wiles pf (7). 21% 19 Lorillard P (12.20). 135% 1230% Lorillard (P) of (7) 1% 1 Louisiana Oil.. . 14% 10 Louisiana Oil pf. 14% 12% Loulsv GRE(A)1%, 47% 89 Louisv & Nash (3).. 18% 15% Ludlum Steel...... —_— 43% 40 Mac Andrews&F 13. 281% McCall Corp (2). 9 McCrory Strs A ( 8% McCrory Strs B (k). 57% McCrory Strs of (k) 36% McIntyre Porcu (2). 90% McKeesport T P (4) 7% McKesson & Rob... 87 McKesson & Rob of 12 McLellan Stores (k) 25% Mack Truck (1).... 38% Macy (R H)& Co(2) 5% Madison Sa Garden. 4 Manati Sugar pf (k) 32 Man Elev gtd (k) 17% Man Elevm g (K) .. 6 Marine Midld (40c). 22% Marlin-Rockwell(2) 814 Marshall Fleld..... 27% Mathieson Alk(1%) 39% May Dept Str (1.60). 5% Maytag Co.. 33 Maytag pf ww (3).. 41 Melville Shoe t2%. 4 Mengel Co.... 24% Mesta Mach (13%).. 3 Miami Copper...... 11 Mid-Cont Pet(h50e): 10% Midland Steel Prod. 58 Minne-Honey 3% .. 106 105 Minn Ho Reg pf(6). 5% 4% Minn Moline Pow... % % MInn&StL(k).... 3 2% MStP&SSMlsln 4% Mo Kan & Texas. .. ll% 9% Mo Kan & Texas pf. 2 Mo Pacifie (k)....o 55 MonsantoC (1)...s 25% Montgomery Wa: % Mother Lod 23% Motor Produ 11% 8% Motor Wheel. 59 36% Mullins Mfg pf.. 6% Murray Corp — e 15 Nash Motors (1)... 21 NashChat&StL. 5% Nat Acme Co. 7% Nat Aviation. 27% Nat Biscuit (3) 15% Nat Cash Reg A 500 155% Nat Dairy Prod 1.20 2% Nat Dept Store (k) . 21% Nat Dp St 1st pf (k). 29% 24% Nat Distillers(50c)« 168% 145 Nat Lead (5). 7% 6% Nat Pwr & Lt (30c). & 1 Nat Ry Mex 1st pf.. B50% 46% Nat Steel (t11%)...5 60% 80% B 28% 28% — % 47% 41 NatSupply pf... 8% 43% Newberry (3 9) (1) Bales— Add 00. High. Low. Close. Chge. 36% + % 10% 20% 1T% 6% 35 16% 8 6% z'-‘ Net 36% 10% 21% 3% 14% 92% 105% 111% 144 17% 23% 108 1 1T 6% 358 15% 11 ’1-3" ll 3. 10 4% % 13 6214 117% S & n [P - YU SO U [ " 8 ER GO G AL A HARNANMO G a® ® o - B e NIrs G R0 B A1 20 1 00 i COTINS OO 1 I S 28% Kroger Gr&Bk 1.60. x A b s 1900 COLIONEI I o i colh I B0 I 1D 1 8 91 @ TR 3 1 O e 9 GO 1 63 S NS G €0 M S - oG @ €910 0310 00 80 140 I e i O 1t P& o~ 117% 1174 30 30% 110% 111 1% 1% 163 174 16% 13% 3% 114 2 18 16% 17% 17t 3 231% 23% 15% 9% 21 16% 2‘»- 103'6 103% 105 105 17 1T% 20% 20% 26% 26% 31% 82 104 1% 127% 19% 132 1% 124 12% 40 16 4214 29y L4444+ +4+ ++ +H+++ o+ = =.::'£‘r £R PsSEsE B2 0 26% 26% 154 154 154 +1 1 4% 10s 41 2 46 6% 1 a7 L G 46% 45% = 22% + % 8% — % H‘G +1 =3 & ORFIRFFR G‘fi % 41% G 2 % M l'rev lfl.’!S o 28% 21% 13 25 B 8% 14% 6 87 85% 4 13% 21% 10% 4%, 26% ISODIL l!lucl and Bale: idend Rat b " Newport Industries 24% N Y Afr Brake 15% N Y Central R R 9% N Y Chicago & St L. 1TANYC&StLDL...0: % N Y Investors (k).. 6% N Y N H & Hartford 10 NYNH&HDpf.... 4% N Y Ontario & West 78% N Y Shipbldg pf(7). 30% Noranda Mines (h2) 3 North Am Aviation. 11% North Amer (1) 16% Northern Pacific. 9% Ohio Ofl (h4be) . 33 Oliver Farm Equ: 20 Oliver F Eq prof A. 16% 134 Otis Elevator (60¢). 108 106 Otis Elev pf (6). % 87% 14% 23% 21 5 Otis Steel. .. 22% Otis Steel pr p 83% Owens-111 Gla 13% PacificG& E (1%). 21% Pacific Lighting (3). 16% Pacific Mills (h50c). 116 111% Pacific T & T pf (6). 8% 5% 4u 3y 1% 1T% 12% 27 71 86 52% A 107 4 86 7 Pac Wn Oil (h40c). 4% Packard Motor...., 3 Par-Publix ctfs(k). 2% Park Utah. ., 1 Pathe Exchan, 13% Pathe Exchan, 10% Patino Mines... 1% Peerless Motor. .. 64% Penick & Ford (3) 64% Penney (JC) h1 40.: 4 Penn Dixte Cement. 181 Penn-Dixie C pf(A). 20 PennRR (1). 19% Peoples Gas Chi 8 Petrol Corp (h50c).. 13% Phelps Dodge(h75¢) 26 PhilaCo $6 nf (3)... 315 Phila & Read C & 38% Philip Morris (1). 14% Phillips Petrol (1 % Plerce-Arrow (k) % Pierce Ofl. . 81 Pittsburgh Coal..., 61 Pitts Screw & Eolt., 31 Pitts United C p T4 Plymouth O(g75¢). 914 Poor & Co (B). 1% Port Ric Am Toh B. 13% Postal Tel & Ca pf.. 2 Pressed Stl Car (k). 10% Pressed Stl C pf (k) 42% Proc & Gamb (1%). Proc & Gam pf (6). 24% Pub Serv N J (2.80). 66% Pub Serv N J pf (5). 79 Pub Serv N J pt (6). 46% Pullman Inc (3).... 6% Pure Ofl......... 8% Purity Bakeries (1) 1% Radlo Corporation.. Radiopf A (3%). Radio Corp pf (B).. 1% Radlo-Keith-Or (k) 187 Raybestos-Man (1). k Reading (2 3713 Real Silk Hos p 8% Remington-Rand. .. 71% Remington-R 1st p: 13 Republic Steel..... 404 Republic Steel pf.. 427 Republic Steel pf ct Revere Cop & Br pf. 1 21% Reynolds Metals(1) 32% 46 110 1123 175 2 21 63 283 4 46% Reynolds Tob B (3). 23% Roan Antelope Ltd. 29% Royal D(h1.35 3-10) % 117 115% 117 1 e = - 3 S R0 b 1 500 i 0 0 0 1 O e 00 1k ek 60 ke ek § 1 39% Safeway Stores (3) - 107% Safeway Strs pf (6) 110 Safeway Strs pf (7) 14% St Joseph Ld (40c). 1% St L San Fran (k) .. 1% St L San F of (k) Savage Arms. 23% Schenley Distiilers. 3% Schulte Retall Strs Schulte Re Strs pt Seaboard Afr L (k). Seab'd Oil(Del)(11) Seagrave Corp..... Sears Roebuck. ... 45% Sec Nat Inv pf (§2). T8 Servel InC. ...... 00 9% Sharon Steel Hoop. 43; Sharp & Dohme. ... Shattuck (FG) 35¢. €% Shell Unton Ol ... £1; Silver King C(40¢) . 8'5 Simmons Co . 15 Simms Pet rolmll) 60 Skelly Oil pf ww. dflnomxh. hvclnncnu 14 107 5% 338, 86% 13% 224 15 % 4% a8, T% % 3% 2% 1 14 10% 1% 65 65 3% 4 2% 20 20% 8% 14% 2T% 3% 38 11% 6% 17% 11% 45% 117% 1 24% 106% 106% 110 110 143 1% 1% 6 2:30 p. Stock and !llel— Add 00. Net Prev. 1035 High. Low. 43% Dividend Rate. 39% Stand Ol N J(11%) 58% Sterling Prod(3.80). 1% Sterling Secur (A) 6% Stewart-Warner... 4 Stone & Webster... % Studebaker (k) 3 7% Studebaker pf (k) .s 65 SunOil (31)..... 14 Superheater (50c).. 6% Superior Steel.....: B2 by | ——— 4% Tennessee Corp.... 19% Texas Corp (1). 23 Texas Gulf Sul 8% Tex Pac Coal & Oil. 8% Tex Pac Land Trust 15% Thatch Mfg (h26c). 6 TheFalr........ce 61% The Fair pf (§5%).. 4 Third Avenue. ... . 14 Thompson Products 3% 2% Thompson Starrett. 10 8% Tide Wat Asso Oil. , 8714 84 Tide WAO pf(j8%). % | 108% 100% Tide Wat Ofl pf (5). T4 5% Timken-Detroit.... 36% 32% TimkenR B (1).... 6% b6 Transamerica(25c) 8% 6% Transue & Willlams 3% 27 Tri-Contl Corp. 42% 38% Trico Prod (2%). 4% Truax-Traer Coal... 4% Truscon Steel 26% 18% Twin City R T pt —_— $9 67 Und-Ell-Fisher (2). +%| 48 44 UnionC&C (1.40).. +1% 14% Un Ofl of Calif (1).. 1113 96% Union Pacific (6)... 26% 24% Un Tank Car (1.20). 15% 12% United Afreraft.... 6% 5% United Air L vtc... 26% 24% United Bisc (1.60).. 117'/| 113 United Bisc pf (7).. 46 United Carb (2.40). 3 2% United Corporation. 29% 23% United Corp pf (3).. 13% 10% United Drug... 88 5% United Dyewood.. . 2 6% 12% 2% 5% 331 10 + % 5 1% & I +++++ 85% 13% 22% 15% = % A% 3% 2% 1% 1 10% 1% 65 66% 3% ++ FlEE4 & FFE OFFEE - % - % +1 +1% +% 4 22% 21 21% 8% 14% 2T% 354 71% United Fruit (3)... 10% United Gas Imp(1). 89 Unit Gas Imp pf (5) 4 Unit Piece Dye Wks 32 Unit Plece D W pf.. 9 U S Distributing pf 7% 6% US & For'n Secur.., 53% 46% U S Gypsum (1). 1474 143 U S Gypsum pt (7). 6% 5 USHoffman.. 12% 9% U'S Leather (A). 55% 53 US Leather prpf 22 17% U S Pipe & F (50c).. 7 5 USRealty & Impr. 17% 13% U S Rubber.... 42% 33% U S Rubber 1st pf.. 1243 106%; U S Smelt & R (h9). 40% 34% U S Steel.... 85 U S Steel pf (2) 4% United Stores (A) 57’ Unit Stores pf(314) 861 Univ Pictur 1st pf.. 1% Util Pwr & Lt (A)., 16! vanadium Corp 11%; Van Raal 3% Va-Car CnemlclL 20% Va-Car Chem 6% pf 72% Va El & Pwr pt (6). 1% - % 46+ 3 17% +1 241 69 -1 81 -2 AT% + % (29 - % + % k. +1% + % 27% Walgreen Co (m1).. 2% Walworth Co.....e 1}, Ward Baking (B) 31z Warner Bros Plo. 18 ~ Warner Bros Pic pf. 4% Warren Bros. 24% Warren Fdy&P (2). 30%; Wessn' O&S 187%¢. 72 Wesson O & S pt(4) 461 t Pa Elec A (7). 473z West Pa Elec pf (6) 57 West Pa Elec pf (7) 95 West PennPw pf(6) % Western Dairy pf B 7% Western Maryland.. 10 Western Md 2d pt.. 2% Western Pacific.... 47 Western Pacific pf. 2¥% Vvestern Unton. . 24 Westingh'se AB 506 35\ Westinghouse Elec. 14% 1% 1% 25 29 Weston Elee A (2). 20 Westvaco Chl (40c) 6 White Sew Mach pt. 5% Wilson & Co... 25% Wilson & Co (A). y3Y Wilson & Co pf (§7) 51 Woolworth (2.40).. 164 Worthington Pump 14 3 2 00 bt bt - S - ComEr N nnumDEN-E ~aamane - 9 13 - eaBmRamm 75 Unit Dyewood pf(7) 100; 6 54 T GOSN S e 0 S CTome i . High. 39% 44+ +0 0+ (AEREZ TN ~ FRFEFELF FEp ox ppee o 17% Snider Packing. 1315 Socony-Vac (60¢).. 20 So Por Rico Sug (2) 11% South Cal Ed (1%). 14 Southern Pacific. .. 11 Southern Railway. 14% Southern Rwy pf.. 47! Spalding(AG)1st pt 4% Sparks-Withington 33 Spencer Kellog 1.60 &% Sperry Corp (25¢) 915 Spicer Mfg. : 70% Splegel-May-Stern. 174 Stand Brands (1). l. “land Rrunds p! (7) 29% Stand Oll of Cal (1) 111 Stand Oil Exp pf(5) 24 Stand Oilof Ind (1) Chicago Grain By the Assoclated Press. CHICAGO, February T7.—Oversold | conditions in the grain markets de-! veloped late today, and prices scored an all-around material advance fol- lowing earlier setbacks. Reports of heavy ice forming over | wheat fields southwest and threaten- | ing to smother crops gave consider- able incentive to buyers. Much of | the late buying was ascribed to sources southwest. Wheat closed firm, l4-1g abowe )esberdsy s finish, May, 9512- corn, | 12-14 up; May, 83%-1¢; oats, % to 1| cent advanced, and provisions show= ing 10 to 15 cents gain. WHEAT— Open. High. Low. 033 .94, % Close. Chicago Cash Market, CHICAGO, February 7 (#).—Cash wheat, No. 2 hard, 1.03!%: corn, old No. 2 yellow, 89%; No. 3 white, 9734; i Mo, 3 yellow, . 90; oats, No. 3 2. Rye and buckwheat, no . Soybeans, No. 2 yellow, 1.22. Barley, 65a1.20. Timothy seed, 16.75a 17.75 hundredweight. Clover seed, 15.75a21.75 hundredweight. Liverpeol Grain Prices. LIVERPOOL. February 7 (P.—Wheat futures closed firm. 1 eee 120 . 'IW. WATER BONDS OFFERED. NEW YORK, February 7 (Special). —A banking group headed by Blyth & Co, Inc, and Bancamerica-Blair Corp. is offering todny $2,705,000 City of Clifton, N. J., 4% per cent water bonds, dated February 1, 1935, and due serially from February 1, 1936 to 1980, inclusive. The bonds are priced to yield from 3 per cent for the shortest 254“4 112% 112 24 maturity up to 4.40 per cent for the later maturities. RUBBER FUTURES. YORK. February 7 (P.—Crude ubber futures ‘opened. barely steads, 469 L e | N 37 24 4% 41 21 2 24, 2] b3 9t s 11:00 A.M cash payments declarations | vor | stock stock. Gividends. 237 — I» ' in stock. xEx d Worth Pump pf A.. B —— 20% Yale & Towne (60c) 3% Yellow Truck 38 Yellow Truck pf. 18% Young Sp& W (1).. 21% 16% YoungstownS& T.. ar “Ecom nmn Teported in receiv ganized. mPlus A'd . e ecelvership of being 1441001+ 1% Zenith Radfo...... 4 Zonite Products. .. 8ales of Stocks on the New York Exchange. 150,000 50,000 12:00 Nooa. 2:00 P.M Dividena rates as given in the above table are th based op the latest quarterly o n.'u-':"e'l‘;fy" sUnit of trading less than 100 shares. in stock. hPaid iast year—no regular rate eBavable in cash or stock, (Pl <Plus_4% stock 1Partly extra. us 31 1n special thi JAccumulazed reor- stock. nPlus 3% in stock. oPlus 2% ENGINEERING AWARDS DECLINE DURING WEEK By the Associated Press. NEW YORK, February 7.—Engineer- ing awards are lower this week both in private and public work, although the private work is higher than the average week last year. Totals re- ported by Engineering News-Record are: Engineering construction, $1 237,000; private awards, $5,102,00( public, $12,135,000, of which $2,515,- | 000 represents Federal construction and $9,620,000 State and municipal. This is the lowest week on State and | municipal awards since August 23. i T LIQUIDATION OF LOANS [CUTS INVESTMENT TOTAL | By the Associated Press. Liquidation of loans continues to offset bank purchases of securities. Total loans and investments of Fed- eral Reserve member banks in leading cities, as shown in their latest weekly statement, dropped $13,000,000, al- though increased holdings of securi- ties made the total far ahead of the comparable 1934 date. Comparative figures on total loans and investments for reporting banks in 91 cities follow: Week ended January 30..$12.244.000.000 Previous _weel -.. 18:257.000.000 Same week last’ yux 111 17.1211000.000 RUG PRICES TO BE RAISED. NEW YORK, February 7 (#).—Rug mills have intimated that recent ad- vances in prices of carpet wools will compel them to raise quotations either at the official opening Monday or within a few weeks. Buyers, it is said, insist that market conditions do not justify any change in quotations at this ime. MACHINERY TRADE UPTURN EXPECTED Steady Progress in Modernizing Plants to Continue in 1935, Review Declares. Special Dispatch to The Star. NEW YORK, February 7—Most in- | dustrial machinery lines made steady recovery progress during 1934 and this trend will doubtless continue during the current year. Modernization of plant by the more forward-looking producers is gradually forcing similar steps by competitors, while Govern- ment expenditures are providing added stimulus to demand, according to the Standard Statistics Co. of New York. ‘The most representative division, machine tools, has been particularly favored by this renewed interest in cost-saving equipment, as shown by the fact that the 1934 index of new orders averaged 70 per cent above the total for the preceding year. Under the impetus of large pur- chases by the automobile industry and ‘Government, orders, sales in December reached the highest point in the re- covery movement. While some temporary recession from this level is expected over the next few months, the decline will prob- ably not be as pronounced as a year earlier. With delayed replacement orders likely to assume growing pro- portions later in 1935, a further gain in machine-tool activity is indicated for this year. ‘White Motor Co. reported its truck registrations in 1934 were 186 per cent WEEKLY AUTOMOBILE PRODUCTION IN THOUSANDS OF CARS II'MEIL!III AT L el | [ JAN FEBMAR APR MAY JUN JULY AUG SEPT OCT NOV DEC FAIRLY FIRM TONE fTrading Expands as Rails Take Lead in Upward Movement. BY VICTOR EUBANK, Associated Press Financial Writer. NEW YORK, February 7.—The stock market found support t.oday and trading activity expanded slightly on the recovery. The advance was in- augurated by the rails, The late tcne was fairly firm. Issues up fractionally to a point or more in- cluded American Telephone, United States Smelting, Case, Johns-Manville, Union Pacific, Pennsylvania, Santa Fe, United States Steel, Consolidated Gas and Chrysler. Republic Steel preferred, however, dropped nearly 4 points. Transfers approximated 550,000 shares. Shares up fractionally to around a point included Santa Fe, Union Pa- cific, N. Y. Central, Southern Pacific, Pennsylvania, Industrial Rayon, In- land Steel, U. S. Steel preferred, American Smelting, Johns.Manville, American Telephone, Consolidated Gas, General Motors, Chrysler, Co- lumbian Carbon, Case and Caterpillar Tractor. Republic Steel preferred dropped nearly 4 points and Commercial Credit A was off a point. Such is- sues as Public Service of New Jersey, Western Union, Montgomery Ward, Sears, Roebuck, Deere, U. S. Smelt- "ling, U. S. Steel common and Bethle- hem Steel were about unchanged. The downturn in Republic Steel followed the filing by the Department of Justice of a suit to prevent the proposed merger of Republic and - other steel companies. It was charged that the consolidation would be in violation of the anti-trust laws. Notwithstanding the somewhat er- ratic tendencies displayed by scat- tered stocks, most of the technicians felt that the market's structure had displayed considerable underlying strength. These pointed out that the list, as a whole, had withstood fairly well the depressing effects of wide- spread conjectures as to the possible results of an adverse gold decision The labor situation was being watched closely, although there did not seem to be a great deal of appre- hension regarding serious trouble gn this field. Much interest was pressed in the news that a Wilkes- Barre, Pa., court had enjoined strik- ing anthracite miners from interfering with employes of the Glen Alden Coal Co. New York Cotton By the Associated Press NEW YORK, February 7.—Cotton was a little more active today, with prices generally steady on a moderate demand from the trade and on cover- ing. %ay deliveries sold up from 12.32 to 1238, with the market in the middle of the afternoon steady at net ad- vances of from 1 to 5 points. Liverpool Quotations. LIVERPOOL. February 7_(P.—Cotton. 6.000 bales: American nil. Spot. moderate 17 nanged: quota- :lncl good mid- dlin) 2 644 “good ordinary, .19 steady. Marc! 70: May. 3: July. October 6,57 December. 6.55: January, 6.54 l(ETAI. MABKET. dy: spot and nn-by Iron qutet. SAVANNAH NAVAL STORES. (. —Turpen= : Teceipts. 18 § frm 4 H. 7 and M 4'u N, wa! IW. 6.20. X. 6.208% MON’EY MARKET. NEW YORK. February 7 (P.—Call money steady: 1 per cent all day loans steady & 1 per ct 515 Bankers acceptances un- cha Rediscount rate. New York Re- ek, T35 per cent Curtis Publishing Co. 1934 preferred | share earnings were $6.84 vs, $1.52, Market Averages Compiled by the Associated Press. STOCKS. 30 15 _ 60 Indu t1l Stocks D 18 t Rails Net change. . 4 Today. 1 pm 3 2 low 2 Bin 1077 88810251 10 Low-Yield Bonds. i 100.0 Prev. day. ago 1081 Year ago.. 43 low Steel Files Steel Cabinets Adding Machines Buy Exchange Mlltll‘lrd Office OFFICE FURNITURE AND EQUIPMENT BAUM’S 1416 Eye St. N.W. National 2184 W Sell Chesapeake Diamond-Back Terrapi n = (Since 185! - 1107 Connecticut Avenue A Survey of The Public Utility Situation Mailed Upon Request L. Lowengrub Co., Inc. Investments Shoreham Bldg. Met. 1363