Evening Star Newspaper, February 11, 1935, Page 14

THE EVENING STAR, WASHINGTON, D. C., MONDAY, FEBRUARY 11, 1935. FINANCIAL, NANCIAL. ______THE EVENING STAR, WASHINGTON, D. O, MONDAY, FEBRUARY I, 105 ASSETS BY LOAN GROUPS Building Associations Show Gain of $5,009,000 to $93,359,000 Level. BY EDWARD C. STONE. According to the annual report of the controller of the currency, J. F. T. O'Connor, assets of the 28 build- ing and loan associations operating in the District of Columbia on June 30, 1934, totaled $93,359,000 and ex- ceeded by $5,009,000 the assets of these associations on June 30 of the previous year. Total loans, which aggregated $84,- 946,000, showed an increase during the year of $2,027,000. Installment payments on shares increased from $78,308,000 to $83,871,000, the con- troller states in the report, made public today. Twenty-three of the associations operated on the permanent plan and five on the serial plan. The total membership was 103,550 as compared to 93,427 members in the previous year, and of the total in year end- ing June 30, 1934, the numbers bor- rowing and non-borrowing were 25,- 722 and 77,828, respectively. The growth in loans and assets over & 20-year period is brought out in All markets received I .51.? pm. es— Dividend Rate. Add 00. l!l‘:h. Low. Close. Chge. Prev. 1035 Stock and High. Low % graph. 6% Affliated Prod(80c) 115% 109% Afr Reduction (3).. 20% 16% Alaska Jun (11.20). 1% 1% Alleg Corp (k).. 7 4% Alleg Cp w$30w (k! 141 13%% Allted Chem (6) 127 123% Allied Chem pf (7). 16% Allis-Chalmer: 8 Amal Leather. 48% Amerada Corp 13% Am Bank Note 43 Am Bank N pf 25% Am Brake Sho ll7’b 110 AmCan (15).. 613 Am Crystal Sugar.. 57% Am Crystal Sug of. 3% Am & Foreign Pwr, 13% Am & For Pw pf (6) 17 Am & For Pw pf (7) 6 Am & For Pw 2d pf. 20% Am Hide & Leath pt 30% Am Home Prod 3.40 815 Am Ice Co. % Am La France 47% Am Locomotive pf. 20 Am Mch&Fy(80¢c) 14% Am Metals 2% Am Power & Light. 10's Am P&L 85 pf (1%) 12% Am P&L $6 pf (1%) 13% Am Radiator. 19 Am Rolling Mills. . o 67 Am Safety Razor(4) 20% Am Shipbldg (2) 324, Am Smelt & Ref. . 106 Am S&R 6% pf (33). wire direct to The Star Net 6 6 30% lg% -% % 8% Bh+ U 11 11 - % 4 17 - 16% 16% — % 3 !% l!fi 1% + % 4% - % ]. mv. um 134% —-1% 1 126% 126% 126% — % 16% 16% 16% 3% 8% 53% b53% 17 16 51 49% 25% 26% 114% 113% 17 17 Prev. 1% 34y 113 l07 k) 4 29% 126% 1% 24 67 1035 Stock and te. 35% Gen Am Tflu(ll) 15% Gen Asphalt. .. 7% Gen Baking (60¢) 20% Gen Electric (60e! 11 Gen El spec 60c 58678 113-32 ll 8-32 113-32 32% Gen Foods (1.80) ... % GenGas & Fl (A).. 116 Gen Mills pf (6).... 30 Gen Motors (1). 107% Gen Motors pf (5).. 17% Gen Print Ink (11).. 93% Gen Prtg Ink pf (6) 24Y% Gen Ry Signal (1) 16% Gen Refractorle: 16% Gen Refrac ctfs. 13% Gillett Saf Ra: 70'% Gillette Saf R Df(fl 2% Gimbel Bros. 28% Glidden Co (11.1 1047% Glidden Co pr pf (’I) 3% Gobel (Adolf)....0n 16% Gold Dust (1.20).... 9% Goodrich (B F) 9 45 Goodrich (B F) pf., 21 Goodyear T & Rub.: 84% Goodyear $7 pf (4) e 2% Graham-Paige. 6% Granby Consol. 30 Grant (WT) (1). 12% Great Northern pf. 10% Great Nor Ore(50c). 26% Grt West Sug(2.40) 119 Grt West Sug pf (7). 1 Guantanamo Sugar. 19 Gulf States Steel. 63% Gulf States Stl 1st.. - Sw NOLEOmwwaN YT S Smee 4 23% 23% 80% Va 117 30% 381% — 111 20% 95% 25% 18% 18 % 106% + ln'. Clm Chge. NER[ASEI]TRANSACTIONS ON THE NEW YOR 2:30 D m. AM 00. Bllh. k! Met | Prev. High. 46% 17% 27% 86 102 b52% T % 10% 23%+u u =% 10 - % 2 + % 36 16 8 - 23% 84‘/: s 117 11 20% — 951 — 26% + 18% + 18+ % 13% 4% - 3 25% + A% + 16% + 9% + 45% — 1935 Stock and Low. Dividend Rate. 42% Proc & Gamb (l“). 115 Proc & Gam pf (! . 24% Pub Serv N J (3.! IO) 79 Pub Serv NJ pf (6). 99 Pub Sve E&G pf(5). 46% Pullman Inc (3).... 6% Pure Oil. . . 8% Purity Bakeries (1) _—— 4% Radlo Corporation.. % 53% RadiopfA (3%)... 35% Radio Corp pf (B).. 1% Radlo-Keith-Or (k) 18% Raybestos-Man (1) 35 Reading (2)... 35% Reading 24 pf (2) 8% Remington-Rand. 71% Remington-R 1st pt. 70 Rem Rand 2d pf. 2% Reo Motor Car. 12% Republic Steel..cue 39% Republic Steel pf... 6 Revere Copper..... 85% Revere Cop & Br pf. 21% Reynolds Metals(1) 12% Reynolds Sp (40¢).. 56% Reynolds Tob (3)... 46% Reynolds Tob B (3). 23% Roan Antelope Ltd.. —— 3814 Safeway Stores (3). 14% St Joseph Ld (40c) .. 1% St L San Fran (k) .. 23% Schenley Distillers, 55 Scott Paper (1.10).. % Seaboard Air L (k). 33 Bears Roebuck. 7% Servel Ine... . 9% Sharon Steel Hoop. 447, Sharp & Dpf (3%). 20% Shell Transp’t h75c. 6% Shell Unton Ofl..... £15 Silver King C(40¢). 812 Simmons Co. ...... lg Simms Pet rolm(1). % Skelly Ol 4 1 nNwo 4 M S HUNE AR R~ - 3 - -] FRoNa HoRmE - 2 - S = Furpmanad o0 te 46% 46% lOl ll'l 17 117 24 Low. Close. Chge- 4 46% — % + % K % 2 lOlu 101 10]% + % 48% 48! 9% Wet | Prev. 1035 High. 2% 6 26% 2% 48 Fo Stock and 86 Trico Prod (2%)... 4% Truscon Steel. . 18% Twin City R T 1% Ulen & Co. 44 UnionC&C 14% Un Ofl of Calif (1. 96% Union Pacific (6) % 24% Un Tank Car (1.20). 1% 50 3 29% 13% 5% u'm 6% 124 150 % 651 12% United Atrcraft.... 5% United Air L 24% United Bisc (1.60).. 1183 United Bisc pf (7). . 46 United Carb (2.40), 21 United Corporation. 23% United Corp pt (3). 10% United Drug 5% United Elec 10% United Gas Imp(: 89 Unit Gas Imp pf (5) 2 US Distributing... 61 U S & For'n Secur. . 16% U S & For 1st p? (6) 46% U S Gypsum (1).... 143 U S Gypsum pt (7). s U 8 Hoffman. .., Pipe & F (50¢) w P&F 1st pf 1.20, Realty & Impr. 119% U S Tobacco ('1“) 160 U S Tobacco pf (7).. 4% United Stores (A).. 57% Unit Stores pf(3%) 136% 133% Univ Leaf T pf(8).. 2% 2 1% 21% 1% Univ Pipe & Rad. .. 1% U1 Pwr & Lt (A).. % Vadsco Sales Corp.. 16% Vanadium Corp.... ll.lu— Dividend Rate. Add ooi High, M k-3 s D I PYSTOISTSE: 9PeTss -1 1 - e DN B AN oo - =3 S-e8 K STOCK EXCHANGE’SI[][}KS[;(][][]WN £:30 p.m. Sales— Add 00. High. 7% ASVOLUME LAGS 1% 46% 15% 99 26% 13% 5% 1% - 4 +v. 16% + ! 9% — % 250 - % 18% Few Preferred Shares Able to Overcome General Market Trend. 6 24% 25 + % 115% 115% BY 48% - % 2% BY VICT( 2o 2tk OR EUBANK, Associated Press Financial Writer. NEW YORK, February 11.—Except for a few preferred issues stocks were inclined to drift to lower levzls today. Trading was extremely dull through- out. ‘The preference shares of Common= wealth & Southern and United Corp. advanced 2 and 1 points, respectively. Declines of fractions to around a point were suffered by Santa Fe, New York | Central, United States Steel, Du Pont and Sears, Roebuck. The utilities were only slightly down. Transfers approximated 330,000 shares. The preferred shares of American Chain got up 5 points, and gainers of fractions to 2 or more included the preference issues of Commonwealth & % | Southern, United Corp., American & Foreign Power, American Power & Light and International Paper. Among other firm spots were Neisner Bros., American Bank Note and Liggett & Myers “B.” Numbered among the losers of frac- tions to a point or so were Santa Fe, 26% oo 125% 121 Am S&R 7% pf (7).. 18% 14% Am Steel Foundry.. 2 88 Am Stl Fdry pf (2). 3712 Am Stores (12%) ... N. Y. Central, Northern Pacific, Gen- eral Motors, Chrysler, Du Pont, Mont- gomery Ward, American Smelting, Case, U. S. Steel, Bethlehem and the following summary: Associa- tio! Lo _— 6% 4% Hahn Dept Stores 63% 55 Hahn Dpt Stores pf. 106 101 Hanna (M A) pf (7) 12% 11% Van Raalte.... 4% 3% Va-Car Chemical 27% 20% Va-Car Chem 6% 13% Socony-V. 20 So Por Rico Sug (I) 11% South Cal Ed (1%). &~ - A ® -3 Bank Assets Also Reporu-d Today's annual report also includes a large amount of data on the assets and liabilities of 21 licensed Wash- ington banks on June 30, 1934. A summary of a supplemental report, dated October 25 1933, in connec- tion with the temporary Federal de- posit insurance fund, includes the number of depositors and the amount of deposits in the local banks at that time. There were 392,622 depositors who carried deposits not exceeding $2,500, an aggregate of 9,342 who held de- posits over $2500 but not exceed- ing $10,000, and only 1,878 depositors with $10,000, but not exceeding $50.- 000. Only 420 depositors in the banks here had over $50,000 on deposit, these deposits including State, county and municipal funds, as well as United States Government deposits, and de- posits made by other banks. In the 21 banks licensed at the time, there were 404,262 depositors. While the total seems like a .very high percentage of the total popula- tion of the Capital, the report shows that one person may have several dif- ferent accounts and that the various institutional deposits are also an im- portant factor in the summary. Controller O’'Connor also_includes & summary of the credit unions in the various Government departments and elsewhere. There are now 22 of these organizations. Gold Delay Causes Regret. Regret was expressed in the finan- cial district today over the further postponement in the gold clause de- cision. It had been hoped the ruling would come after the close of the New York Stock Exchamge today and could be digested during the Lincoln anniversary holiday on the big ex- change tomorrow. What the markets will do when the decision comes out cannot be fore- cast. In the financial district here, however, majority opinion seems to be that any very startling move either way is unlikely. If the ruling should support the administration, there would be no reason for any extensive move, financiers say. If the decision is unfavorable, it has been announced for some weeks that steps will be taken to offset such a ruling. Ending of the uncertainty, regard- less of the findings, will prove bene- ficial, bankers say. Conference Opens Tomorrow. ‘The Midwinter Trust Conference, under A. B. A. sponsorship, opens in New York tomorrow. Robert V. Fleming and Hilleary G. Hoskinson of the Riggs National Bank will join the ‘Washington delegation already an- nounced and attend the sessions. It was reported in the financial dis- trict today that the attendance at the American Institute of Banking’s thirtieth annual dinner next Satur- day night will go over the 600 mark. ‘This will be the largest turnout in years. Washington sent a_ large delega- tion to the annual dinner of New York Chapter, American Institute of Banking. Among those present were ‘Walton L. Sanderson, president Wash- ington Chapter; Miss Constane Fogle, an official in the chapter; Joshua Evans, jr., Wilmer J. Waller, Hilleary G. Hoskinson, James E. Dulin, jr.; Frederick P. H. Siddons and Elmer Flather. Today’s Trading on Exchange. ‘Washington Railway & Electric pre- ferred stock was particularly active and strong on the Washintgon Stock Ex- change today, selling at 102. Riggs National Bank common came out at 212' on an 1l-share turnover Washington Gas 5s, 1958, Gas 6s, series B, Washington Railway & Elec- tric 4s were strong, selling around 671% 60 Am Sugar (2).... 106% 102% Am Tel & Tel (9). 84% 79 Am Tobacco (5).. R6% 80% Am Tobacco B (5) 18415 129% Am Tobacco pt (6) 6% 4': Am Type Fdrs (k) 11'; Am Water Wks 55% Am Wat W 15t (6) ee T Am Woolen. ... 378 Am Woolen pf 4 AmZinc & Lead 2% 10 Anaconda Copper.. 714103 Anchor Cap pf(614) 36 Archer-Dan Mt1%4., 99% Armour Del pt |‘l) . 5% Armour of Illinois. . 641 Armour [11 pr pf (6) 4% Arnold Constable. .. 4174 Atch To& S F (h2). 7513 Atch To&S F pf (6). 274 Atlantic Coast Line % Atlantic Ref (1) Atlas Powder (2). .. ms 106% Atlas Powder pf (6) 29% 221 Auburn Auto. . 14 8% Austin,Nichols. 5% 4% Aviation Corp Del.. 6% 26% 14% 17% 5 Baldwin Loco. 20 Baldwin Loco pf 9% Baltimore & Ohfo. . 13 Baltimore & Ohlo pt 4% Barker Brothers. .. 6 Barnsdall Corp. 40 Bayuk Cigar (h1 164 Beatrice Creamery. 72 Beech-Nut P (13%) 12% Belding-Hem(h50¢c) 14 Bendix Aviation.... 15% Beneficial Loan 1%. 34 Best&Co (2).. 28% Bethlehem Steel 68 Bethlehem Stl pf. 21% Bigelow-San Corp 8is Boeing Airplane 90 Bon Ami (A) (15) 234 Borden Co (1.60)... 28% Borg Warner(11%) 6 Boston & Maine.... 24% Briggs Mfg (2).... 231 Briggs&Straton (2) 367 Bklyn-Man T (hll 10 Bucyrus Erie cv pf. 64 Bucyrus Erie pf(2). 4 Budd (EG) Mfg... 26 Budd (BG) Mfgpf. 314 Budd Wheel.. 4% Bulova Watch...ee 1 Burns Bros (B) 7 Burns Bres pf. 14% Burr Add M (60¢) 6% Bush Term deb (k). % 15 Byers (A M) . 60 45 Byers (A M) 361 California Pkg(1%) % Callahan Zinc...ess 3 Calumet & Hecla. 127% Canada Dry G A (1) 11% Canadian Pacific. .. 33% Cannon Mills (2). 51% Case (J 1) Co... 92 Case (JI) pf (4)... 36% Caterpillar Trac(1) 2884 Celanese COTp. ... ... 1% Celotex vto (k 18% Celotex o pf. 223 Cent Aguire (134).. 38% Cerro de Pasco (2). 27% Certain-teed pf.... 40% Ches & Ohio (2.80). 214 Chi Mil St P & Pac.. 31 Chi Mil St P &P pf. 4% Chi & Northwestern 5% Chi Pneumatic Tool 22 Chi Pneu Tool pf... 1% Chi R 1 & Pac (k)... 3 CR1&P7% bt ( 261 Chickasha C O (2) 35%; Chrysler Corp (1) 7 City Stores (k). I’IBM; 1617% Coca-Cola (17)..eee «18% 16% Colgate-P P (50¢) e 15% 123 Collins & Alkman. . 85 179 Collins & Atk p£(7). 7% 6% Col Gas & Elec. 59% 55 ColG&EIpLA (). 40 34% Colum Pic vte(ml). 75 67 Columb Carbon (4). 44% 39% Comcl Credit (2). 112 109% Comecl C 1st p£(6%) 2915 Comel Credit(B)(2) 56% Comel Inv Tr(13%) 19% Comel Solv (60c)... 1 Comwlth & South. . 29% Comwlith & 8 pf (6) 31% Congoleum-N (1.60) 71% Con Cg pr pt ww 6% 5% Consol Film....... 191 Consol Film pf (2). 18% Consol Gas N Y (1). 76% Consol Gas pf (5) 1% Consol Laundries. .. T% Consol Ofl (h42e). .. 21 Consol R R Cuba pf. % Consol Textile 10% Contatner Corp 51 Contl Baking (A) 7 Contl Baking (B)... 461 Contl Baking pf (4) 62% Contl Can (2.40)... 7 Contl Diamond Fib. 30 Contl Insur (11.35). % Contl Motors.....« 16% Contl O Del (hSDc).. 62 Corn Prod Ref (3).. + RO AN OO +l+1 FER PEFFE FF E5se oy - 5 AT AN R TTNG e 1D 10 5 O 00 aT 2 S FEEF EFF P& P £ a S & - S G0 E A b oy - 0 CrY ) 5 wewedTnenaBummnmuonn R - FEE FE FESIFE EFF - : 3 3% 9214 1215 125 3% % T 155 6% 43% 2% 24% 1% 12 100% 314 45% 9% 514 Hat Corp (A) 2% Hayes Body 85 Hazel Atlas 11 Hercules Mot (Gflc) 122 Hercules P pf (7).. 7% Holland Furnace. .. 9% Holland & Son (60¢c) 31 Houd-Hersh A (j2). 7% Houdatlle-Hersh B. 23, Houston Oil (new).. 43 Howe Sound (3).... 814 Hudson Motor Car. 2% Hupp Motors....... 12 1llinois Central. .... 52 111 Centlsd lin (4).. 30% Indus Rayon (1.68). 50% Inland Steel (1) 2% Inspiration Copper. 4% Insur-Sh ct Md(10¢) 515 Interlake [ron...... 149% Int Bus Mach (p6).. 5 Int-Carriers Ltd 200 37% Int Harvester (60c) 2 Int Hydro Elec (A). 22% Int Nick Can (60c). % Int Paper & Pw (C). 8% Int Paper & Pw pf. 9814 Int Print Ink of (6) 29 IntSalt 0%) 44 Int Shoe (2) 814 Int Tel & Te! _————— 57% 73 21% 28% 48% Johns-Manville. ... 56% Jones&Laugh 7%pf 10 Kans City South pf. 1% Kelly-Spring T (k). 15% Kelvinator Cp 50¢ 90% Kendall Co pf (6).. 16 Kennecott C (60c).. 20% Kresge (SS) (1).... 23% Kroger Gr&Bk 1.60. —ee. 281 2% 11'% 328 109% 164 19% 21% 307 34% 1043 1% 21% 14% 4T% 26% Lambert Co (3) 214 Lehigh Valley C 814 Lehigh Valley R 27 Lib O-Ford G1(1.20) 102 Ligg & Myers B(15) 151% Ligg & Myers pf (7) 17 Lily Tulip Cup(1%) 17% Link Belt (60¢).... 25% Liquid Carb (11%). 31% Loew's Inc (1)..... 102 Loew’s Inc pf (6%). 1% LoftInC....ocvvene 19 Lorillard P (12.20).. 1215 Louisv G&E(A)1%. 39 Loulsv & Nash (3).. ————————— % 26 124% T3 50% 14% 4T% 11% 26 48% 28% 21% % 8% . 1(% 115 4 $13% 40% 66% 2815 McCall Corp (2).... 9 McCrory Strs A (k) 36% Mclintyre Porcu (2). 7 McKesson & Rob. .. 37 McKesson & Rob pf 12 McLellan Stores (k) 88 McLellan Strs pf(k) 2514 Mack Truck (1).... 38% Macy (R H)& Co(2) 17% Man Elevm g (k). . 11 Manhat Shirt (60c). 5 Marancha Corp. ... 6 Marine Mid1d (40c). 814 Marshall Field. 7% Martin Parry 2734 Mathieson Alk(1%) 39% May Dept Str (1.60). 5% Maytag Co......... 33 Maytag pf ww (3).. +8415 Maytag 1st pf (6)... 24% Mesta Mach (1%).. 3 Miami Copper...... 11 Mid-Cont Pet(h50c) 10% Midland Steel Prod. 61t Mid Stl P 1st pf (4). 58 Minne-Honey 3%. 4% Minn Moline Pow 1 MStP&SS Marle. 24 MStP&SSMIisin 4% Mo Kan & Texas. . 914 Mo Kan & Texas pf. 2% Mo Pacific pf (k). .. 55 MonsantoC (1).. 25% Montgomery erd. 227 Motor Products, 8% Motor Wheel. . 367 Mullins Mfg pt. 6 Murray Corp. 15 Nash Motors (1). 27% Nat Biscuit (2).. 16% Nat Cash Reg A 50¢ 15% Nat Dairy Prod 1.20 25 Nat Dept Store (k). 21% Nat Dp St 1st pf(k) 24% Nat Distillers(50c). Nat En & Stpg (h1) 121% Nat Lead pt (B) (6) 6% Nat Pwr & Lt (30c) 46% Nat Steel (1134)..0e 11 Nat Supply CO.eeee 41 Nat Supply pf. 9% Nat Tea (60¢) 223% Nelsner Brothe! 43% Newberry (J J)(1). 24% N Y Air Brake...... 15% N Y Central RR... % N Y Investors (k).. 6% N Y N H & Hartford 10 NYNH&HDpI.... 12 N Y Shipbldg (48¢). 167% Norfolk & W (110).. 3 North Am Aviation. 11% North Am Co (1)..s 88 North Am Co pf (3) 57 North Am Ed pt (6) o S - S S R R ORI EDE 3 O 8 G e 19 1 €0 1t 1 (2 1 et 1 10 O 1 e 22 o o oo e 1o e 1 €9 10 10 b 0 1 23 €300 1 1 v e b it BRE 3 - s I3 [ - = 3 H 3 2 4 19 29 15708 33% 36 20% 25% 28 2% 9 27% 106 153% 18 21 27% 32% 4 1041 1% 20 13 41 314 31 26% 26% 124 % 6% 7% 323 ll.{ 1 J 17% 314 10 1034 8% 106 154 18 21 27% 328 104% EEE & 14 Southern Pacific. .. 10% Southern Railway.. 143 Southern Rwy pf ... 62 Spng Chlfnt pf (j1). 4% Sparks-Withington 33 Spencer Kellog 1.60 83, Sperry Corp (25¢).. 70% Spiegel-May-Stern.. 17 Stand Brands (1)... 123 Stand Brands pf (7) 31; Stand Com Tobacco. 814 Stand Gas&E $6 pt .. 91; Stand Gas&E §7 pt.. 29% Stand 01l of Cal (1) 111 Stand Oil Exp pf(5) 23% Stand Oil of Ind (1) 397, Stand O1k N J(+134) 58% Sterling Prod(3.30). 67x Stewart-Warner. .. 3% Stone & Webster... 7« Studebaker (k) 7% Studebaker pt (k. Sun 01l (31). 115% Sun Oil pf (6 1% Superior Oil. 612 Superior Steel. . ...x 21 Symington (A).... 4% Tennessee Corp.... 19 Texas Corp (1).... 33 Texas Gulf Sul (2).. 3% Tex Pac Coal & Oil. 814 Tex Pac Land Trust 154 Thatch Mfg (h25c). 14 Thompson Products 2% Thompson Starrett. £3, Tide Wat Asso Oil. . 100% Tide Wat O1l pf (5). 5% Timken-Detroft.... 32 Timken R B (1) Translmenca("-‘)c) 274 Tr1-Contl COTp. ... 75 Tri-Contl pt (6).... RSP {4 6 O VA I++ 1+ '+6 3% T 31 115 3 21% u 4% 21 21% % Sales of Stocks on the New York Exchange. .M. X 1 N 00 | mvmenu kCompanies mPlus | B ok Yo viaend 2% Wabash pf (A) (k). 64 Waldort Sys (h20¢) 27% Walgreen Co (m1). 114 Walgreen pf (6%) . 2% WalworthCo....ee. 5% Ward Baking (A) . 2815 Ward Baking pf (2) 3% Warner Bros Plc... 18 Warner Bros Pic nt. 303 Wessn' O&S t8734¢. 72 Wesson O & S pf(4) 46% West Pa Elec A (1) 7 West Pa Elec pf (6) Pa Elec pf (7) PeanPw pf(6) 'ennPw pf(7) rn Maryland.. rn Pacific pf. g ern Union.... 24 Weulnxh 'se AB 600 35% Westinghouse Elec. 20 Westvaco Chl (40¢) 46% Wheeling Steel pf.. 34 Wilcox Rich A(234) 51 Woolworth (2.40).. 16% Worthington Pump. 20% Yale & Towne (60¢c) 3% Yellow Truck...... 18% Young Spring (11).. 16% Youngstown S& T.. 4 Zonite Products... - TR ) » - -] S e T AR e pwm - S S e T 1 2 2 2 9 trading less than 100 shares. 1Partly extra. 3Plus DPald last o regular Shie, DFayabie in m e ash or stocl in special DI %" i £Pins 81 rvpofl.dml:‘ rockiversnin os bl stock nPlus 3% American Rolling Mill. Such utilities as American Telephone, Consolidated Gas and Public Service of New Jersey were only a trifle lower. Some observers expressed the opinion that, while the Supreme Court’s delay in the gold controversy tended to in- crease the feeling of suspense, there was much less probability of a drastic change in the markets either way when the decisions finally become known. Board room guessers advanced the thought that the court might make its awaited announcement tomorrow af- ternoon. These based their belief on the fact that tomorrow is an American holiday and that, if the judgment is revealed after 2 p.m. foreign specu- lators will be unable to take advantage of it to the disadvantage of the dollar because their markets will be closed At the same time, they pointed out, Congress will be in session and im- mediate steps can be taken to over- come an adverse ruling. Aside from the gold factor, part of the markets' sluggish behavior was at- tributed to indications that business and industry may reach their peaks much earlier this Spring than in the last several years. FOREIGN EXCHANGES. NEW YORK. Frr'hary 11 (®.—Forei exchange easy ain_in dolla others in 17% 4% Rechmutated D etock oPfus 2o CHEMICALS LEAD UPTURN IN YEAR Employment Up 14.6 Per| Cent as Production Mounts 8.9 Per Cent. Special Dispatch to The Star. t1i++010 eral ++ 1 business. During 1934 NEW YORK, February 11.—Because | of their intimate relation to all in- | 4| dustries, chemicals, ofls and drugs naturally share the conditions of gen: these , | industrial materials afforded the most reliable barometer of business as & whole because they were not subjected to any influence that was not germane to the whole industrial situation, says | 0il, Paint and Drug Reporter in its annualy survey of conditions in the chemical group of industries. The chemical, oil and drug group of industries, in 1934, was in an eco- nomic position far better than that of manufacturing industry as a whole. Factory employment in the group dur- ing the year averaged 37 per cent 57% =1 26% — % 24 9% — 53% + 6% % % that average. 15% — 28% - 16% 16+ % 3% + % 328 +1 2% 26% +1% 124% +1% 6% + % 475 — % 12 45 + % 10 °6% +2% 47 + % 25% — % 16% - % % 6% 11 2 cent, + % - % -% during 1934. higher than that of the general manu- facturing division. cent above the basic average of 1923- 25 (United States Bureau of Labor Statistics), while factory employment as a whole was 21.9 per cent below It stood 6.9 per Employment in the chemical group during 1934 averaged 14.6 per cent above that in 1933, the general aver- age was 14.2 per cent above. totals in the chemical group averaged 204 per cent above 1933, while the general average was 27.7 per cent. But the average factory wage in the chemical group (in comparison with that in the 1923-25 period as 100) was 82.4 during 1934, against an average of 78.0 for manufacturing in general. The average factory wage in the chemical group was increased 7 per Average prices of products of these industries were in- creased but 3.3 per cent. Production of chemicals, oils and drugs in 1934 was 8.9 per cent larger than in 1933. Sales were 8.2 per cent larger in volume and 11.4 per cent greater in total values. Payroll Exports of these articles in 1932 showed an in- =% 68% +3M crease of 12 per cent in value in com- W -a'a Third Firm Goes By the Associated Press. LONDON, February 11.—A third | firm today went to the wall in Minc- ing lane, the pepper brokerage street, as an aftermath of the unsuccessful attempt to corner the world’s supply of white pepper. The company headed by Joseph D. Rolls was posted as a defaulter and a meeting of creditors was called im- mediately. The extent of the financial blow | that brokers and others will be forced to pay was indicated when the Ex- change Committee officially set the price of white pepper for delivery at 815 pence (17 cents) a pound and that for shipment at 71 pence (15 |To Wall in Pepper Tangle at London| March 4. cents) a pound, as compared with 131, pence (27 cents) a week ago, New York Cotton By the Associated Press. NEW YORK, February 11.—Cotton | 23s, was quiet today, with business re- stricted by the approach of tomorrow’s holiday. Prices were generally lower. +e0.16.50 By the Associated Press. CHICAGO, February 11.—Disturbed | by failure of the Supreme Court to report a decision today, grain values tended downward from start to finish. Most traders leaned to the view that the decision might be delayed until 700 real 'w _York. Montreal, 100.0514 650 | SAVANNAH, Feb | tine” firm chipments. 'm: sales. R, sto ary 11 (P.—Turpen 26;, Fecetvts, 30 600 Associated Gas & Electric Co.—Elec- | tric output of this system was up 5.6 per cent in January, 1935, over like 1934 month. Gas sendout increased 12.3 per cent. Wanted First Trust Loans S48y s Under 60% present value. ADDRESS Box 92-C Star Office ENTERPRISE SERIAL BUILDING ASSOCIATION 7th St. & Indiana Ave. N.W. LOANS A decrease of 2.545,000 bushels in the United States’ wheat visible supply was posted just before business was ended, but led to no rally of any consequence. Wheat closed unsteady, under Saturday’s finish, May, 96396%. corn, 1 cent to 1% down, May 837%a | 84; oats, %-1Y; showing 2 cents On Improved District of Columbia Real Estate Security 73rd series of stock now open for subscription 1%-1Y% cfl, and provisions cents decline. Close. 06-064 (O Make Your Savinds M Profi{ab e 16.5 parison with 1933, imports were 15 per cent h.rger INSURANCE STOCKS NEW YORK. February 11 (P).—New York Security Dealers Association: Bid. Asked. Chicago Cash Market. Wheat, no sales reported; corn, No. 3 yellow, 88-88%; No. 4 yellow, 85- 85%%; No. 5 yellow, poor, 813; No. 3 white, 95-95Y2; sample grade, 71-82; oats, No. 4 white, 51; no rye; soy beans, No. 2 yellow, 1.22, net track country station; barley, 75-1.20; tim- othy seed, 16.75-17.50 hundredweight; clover seed, 18.75-21.50 hundred- weight. recent levels. Potomac Electric Power preferred stock again moved at 11215. The Washington exchange will be elosed tomorrow, Lincoln’s birthday. The Washington banks, however, will be open as usual. Real Estate Bonds Of Eastern Area 5% Coty Inc. 35% Cream of Wht "‘A. 121 Crosley Radfo...... 23% Crown Cork & 8 (1). 5% Cuban-Am Sugar... 40': Cuban-Am Sugar pt 17 2 May contracts sold off from 1241 to 12.36 and was ruling around 12.39 around 2 p.m., when active months were 5 to 7 points net lower. 21% 16% Northern Pacifie. . . 2% 2 Norwalk Tire&Rub. ———————— 10% 9% Ohto Ofl (h4be)...e 4% 3% Oliver Farm Equip.. 26% 20 Oliver F Eqprof A. 715 6% Oppenheim Collins. 108 106 Otis Elev pf (6).... 7% b5 OtisSteel.... 46 22% Otis Steel pr pf. . 88 83% Owens-I1l Glass (4) PRt — 3% Pacific Coast 1st... 21 Pacific Coast 2d.... Win Success! Through the Building and Loan Plan of Saving! AVING is a good long step to Pros- perity . . . EARNINGS are what bring speed to it! @ “The Fidelity” plan offers you both Safe Saving and increased Profit!... You save as you earn—and your money 9% 9% - % 3% 3% + U 21% 21% — % 6% 6% + W 107% 107% — % 5% 5% — % 35% 35% = Ja 88 88 & 1 10 001 €9 00 1 i et Ot N et O i 00 ™M e Liverpool Quotations. 11 (M.—Cotton, 11 business done: prices 3 points lower; quotations in pence, American strict good middling. 7.6 g, 7.38; strict middlin ict low mlddhnd( ould or¢ re - Ao e Aetna Cas (212a) % Aetna Fire (1.60).. Aetna Life (%a) 7% Curtiss Wright 17% Cutler Hamm 2 e&Co... . 20% 19 Deere&Co pf(j20c). 43% 32 Delaware & Hudson 19% 14 Del Lack & West. . 5 2% 5 Liverpool Grain Pri 2% * e J . January. L. February 11 m —wnm Register Advance @pecial Dispatch to The Star. NEW YORK, February 11.—Bonds secured by eastern real estate, based on the 200 issues used in compiling the Amott-Baker real estate bond aver- ages, increased in market value 4.4 per cent in January, continuing an upward trend which prevailed through- 117 115 Devoe & R 1st pf(7) 29% 26% Diamond M (11%). 391% 341 Dome Mines (133). 12% 10% Dominion Strs(1.20) 24% 20% Douglas Afrcraft... 13% Duplan Silk (l) . 107 105 Dugquesne Lt 1sf 3 ————— 117% 110% Eastm'n Kod(14%). 20% 16% Eaton MfR (1)..... w- usu ueu ueu +m S'l% - 3 11 22% uY% - % Y - % 6 a'm sw. 3 11 10% 4 2% 22% 1 4% 1% 11 94% 93% 2 127% 127 12T% + % 308105 105 105 — % 4 114% 112% 114% +1% 'l lfl% l’h 19% + % 13% PacificG & £ (1%). 21% Pacific Lighting (3) 15 Pacific Mills (h50¢) 70 Pacific Tel & Tel (6) 4% Packard Motor..... 10% Pan American Pet.. 3 Par-Publix ctfs(k). 214 Park Utah... 1 Pathe Exchange 1% Peerless Motor 64% Penney (JC) h1 2% Penn Coal & Coke. .. 13% 22% 14 + % 22% + %| P Grea Halifa: Hanov Hartford Fire (2}, Home X" CH0) er (1.60) Fire Sec. LIVERPOO futures closed easy. DOLLAR GOES DOWN | IN LONDON DEALINGS | *** By the Associated Press. LONDON, February 11.—The United States dollar lost 3-16 cent to the pound today, closing at 4.88 3-16 to the pound, as compared to Saturday’s MOST U. S. EXCHANGES WILL CLOSE TOMORROW By the Assoclated Press. . earns as you save it! Come in and Learn Fully About the “Ideal Plan” of Saving. We Pay 5% Compounded Semi-Annually from the date of payment to the date of withdrawal @ You can open a Savings Account out 1934. New York City issues, which comprise 120 of the 200, in- creased 5.3 per cent or .9 per cent better than the average. Of the types of issues covered in the price averages, housekeeping apart- ments led with a gain of 6.3 per cent and were followed closely by hotels, with @ gain of 6 per cent. Office buildings advanced 3.3 per cent. The largest gain among the cities was that of Buffalo. with 6.6 per cent and Pittsburgh with 6.5 per cent. Philadelphia issues remained station- ary. The 200 issues include 130 New York issues, 21 Philadelphia, 12 Pitts- burgh, 11 Boston, 8 Buffalo and 28 ‘miscellaneous. IN ANY AMOUNT...and youll al-- ways find. at “The Fidelity,” a friendly spirit of helpfulness and co-operation. The Fidelity Building & Loan Association ! MAIN OFFICE, 610 13th ST. N.W. i nnw 18% Penn-Dixie C pf(A) 20 PennRR(1)...... 30 Peoples Drug Strs. 19% Peoples Gas Chi. 17 Pet Milk (1)eseveee 8 Petrol Corp (hb0c). 13% Phelps Dodge(h75¢) 26 Phila Co $6 pf (3).. 38 Philip Morris (1).. 14% Phillips Petrol (1). 12 55 Phoenix Hpf (3%).x 80- % Pierce-Arrow (k). % Plerce Ofl. . 31% Pillsbury Flourl. 6% Pitts Screw & Bolt. T% Plymouth O(g75¢) .- 9% Poor &Co (B)....« l% Port Ric Am Tob B. Pressed Stl Car (k). NEW YORK, February 11.—All financial and commodity exchanges in the United States will be closed Lin- coln’s birthday except the Baltimore Stock Savannah Naval Stores, New York cattle and various other live stock markets. Canadian and European markels will be open as usual. GRAY GOODS QUIET. NEW YORK, February 11 (#).—The gray goods market continues quiet, mm-mmnmomm providing the only activity. Broad- cloth quotations are holding steady. 6 — % % A 24% — % 107% 1079; % 4% 2% +% 6%+ % % + % 46+ % 19% 42% 20% +23% zfim +3% 12% 21% 19% + % 5% 1 9% T% 6% Eitington-Schild. .. 29 231 Electric Auto Lit: 108% 107 Elec Auto Lite bf 7. [3 4% Electric Boat.... 2% Elec Pwr & Light 5% Elec Pwr&Lt $6 pf. 6% Elec Pwr&Lt $7 pf. 45 Elec Stor Ba 14% Eng Pub 14% Eng P S $5. 17 Eng Pub Sve $6 of.. 6 Equit Office BId ... 10% Bureka Vac Cl1(80¢) 22% 19 Evans Auto P(50¢). ———— 20% 17 Fairbanks-Morse... 58 48 Fed Lt&Trac pf(6). 1% 1 Fed Water Sve (A). 56 47y First Nat Strs(2%). close of 4.88. 4.88%. ‘The French franc closed at 74.25 to the pound, as compared to Satur- day’s close of 74.22. PARIS, February 11 (#).—Three per cent rentes, 80 francs 40 centimes; 4% per cent reutel. nw‘ Exchange on London, 74.25. dollar was quoted at 15.21%. BU'Bm rumm. o S B b B0 July, 1335 humw 13 214 21% - % The opening was at 31 31 +1 20% 20% — % | San 18% 18% — % £ BElF U w0 far this year. METAL MARKET. NEW YORK. Peb iiet: CSlectrotie " mot. 09,0300 b bt 1014 G ot 1t O 14 10 4 € bt iet, No, * o remufivmlu Lead 'steady St. Louls, 335 % Th+ W M 9% y 1 =% lno‘tmmd !:C:Il;%“ 2% 2%+ % siiver. 73.50a75.50. lnn dull‘ Illt ‘St. !a:l':‘ 70, _Aluminum, 19.00: t, 14.50. Qui - T T " A