Evening Star Newspaper, February 11, 1935, Page 15

FINANCIAL THE EVENING STAR, BONDS BEAT TIME INNARROW RANGE Volume Restricted as Most Traders Remain on Side Lines. By the Associated Press. NEW YORK, February ll,-Prire movements on the bond market today were confined to small fractions, with ro definite trend apparent. Volume was restricied, as the majority of traders stayed on the sidelines, not de- | siring to make any commitments until | after the holid. Advances of of a point to 5-32 of a point were recorded by United States Government loans, while typi- cal gains in domestic corporate bonds were shown by Santa Fe 4s at 1087, St. Paul 5s of 1975 at 23',, Columbia Gas 55 of M: 1952, at 81, and De- at 109", Minor recessions were shown by American Smelting & Refining 5s at 10475, Canadian Pacific 4s at 867, and ; Chesapeake & Ohio 4'.s of '92 at 117. Washmgton Exchange .‘\l.l . Washington Gas 5s 1958—$500 at 103 Washington Gas B—$1,000 at 10375, $1,000 at 1031, $100 at 1031g. Washington Ry. & Elec. 45— Electric 5!, pfd.—2 a aton Ry 10 at 102 5 at 102 & Elec. 10 at 102, 5 at 102, AFTER CALL. Riggs Bank com.—11 at 21215, Notice—This exchange vull be ¢losed tomorrow, Lincoln’s birthday. Bid and Asked Prices. BONDS. PUBLIC UTILITY pfd—5 at 10 at 102, h. ()fl$ 0. H‘I’l*‘( B. b, Ry. & Elec. 4s MISCELLANEOUS Barber & Ross, Wash. Ry Waih Ry & £ oid NATIONAL BANK 90 Capital Liberty on (t) TRUST COMPANY r Sec & Tr. Co. (8)... s; : SAVINGS BANK Com. & Savings National Union (501 TITLE INSURANCE. Columbia (30).... Real Estate (t) MISCELL. Carpel Corp. (1) D, Paper Mfe. pfd.. Em. Bromo-Selz (1.60) DIVIDENDS ANNOUNCED | EW_ YORK, February 1 od Regular. DU PONT Ei(PANDs WAYNESBORO PLANT About 1,600 Employes to Be Needed When Additional Unit Is Completed. pecial Dispatch to The Star. STAUNTON, Va. February Archibald W. Frame, manager of du Pont Rayon Co.s Waynesboro plant, in an address before Staunton Rotary Club, said that the new unit now under construction there is prac- tically finished. “Approximately 1.600 employes will be required when the additional unit is completed,” he said. Future de- velopment planned will bring the total number of units to seven, instead of eight, originally intended. Mr. Frame,- who has succeeded C. J. Bacon as plant manager, is a native of Binghamton, N. Y. He was connected during the World War with the British Celenese Corp., ‘working on cellulose acetate for air- | plene wings. He remained in Eng- land until 1922 in the development of acetate silk. He became connected with the du Pont company in 1928. BANK DEPOSITS MOUNT. RALEIGH, N. C.. February 11 (®). —Deposits in National and State banks in North Carolina were dis- closed to have increased $122,323.73 between June 30, 1933, and December 31, 1934, in a report today by Gurney P. Hood, State bank commissioner. Market Averages Compiled by the Associated Press. 'ml lndllst RJUS Ulll !wcn ¥zt :hlnle . Prevsolu Gy onth $1.000 at |2 11—1 WASHINGTO! D. C, BONDS ON NEW YORK STOCK EXCHANGE] LIBERTY BONDS. High. Low. 2.18. 3148 1932-47 10418 10416 10418 1St 4148 32-47 reg 10317 10316 10316 4th 41,8 1933-38. 10330 10329 10330 fthd¢ 33-38 ‘A:d callea.. 1021 10129 10131 TREASURY BONDS. 25 1946-48....... 10220 10217 10218 35 1951-5! 10 21T0aNY 10855 -49 1033 3 ke lots 10320 10317 10817 10527 10527 10527 1049 1046 1049 Slhl 19(0 1061 1061 1061 I'JH~|3 Mar.106 106 106 . 10522 10522 10522 . 10823 10823 10823 . 1104 1102 102 45. 10411 1048 1048 ... 11425 11425 11425 FEDERAL FARM MORTGAGE BONDS. 10027 100 24 10027 10025 10022 100 23 ... 10226 10222 10222 HOME OWNERS LOAN BONDS. 2%s539-49. 9829 9823 9825 38 A 62, . 10029 100 22 10024 L1017 1016 1017 FOREIGN BONDS. Low. 2:55 | Abitibl Pa& Pw 68 ll 361 Akershus 53 63 Alpine Mont S Antioquia 78 *45 A Argentine 635 62 Argentine 6s 57 A Argentine 6s 58 B... Argentine 6s ‘59 June Argentine 68 ‘60 Oct. Australia 4%s 66.... Australia 6s°56. Australia 6s '67. Austrian 7s ‘43 gf 1an 7857 9% 851, 907 901 901 90'% 96 Belgium 6s ‘65 Belgium 638 49 Belgium 7s ‘55 Belgium 7s '56.. ... j Bergen City 55'60. ... Berlin Elec 61%s'61., Rerlin Elec 6155 59 Bogota 8s '45 Bolivia 7s 69 Bolivia 8s°47 Brazil 6158 '26- . Brazil %5 '27-67. ... Brazil 7s'52. Brazil 8s 41, Bremen St 7s 35 Brishane 53 '57 Brisbane 5s ‘58 Brisbane 6s ‘50 Buenes A 661 <t Pv. Bulgaria 7%s ‘68 May coup off. . | Canada 4s {Canada 4% Canada 58 Chile 6s 60 Chile 6s 61 Chile 63 61 Sept. Chile Mortg Chin Govt Ry penhacen Tel 5s '54 Cuba 48 ‘53 - Cund’amarca 638 89 Czechoslovakia 8s ‘52 Denmark 4%s ‘62 9 Denmark 51 . 100% Denmark 6s 42...... 1 Deu Bk 6s '35 ct stp.. El Salvador 8s "48 ct. 60 Finland 638 °56. Finiand s 50. Finnish 61,854 A French Gov 7s 49. French Gov 7%s '41. 103 100% 101 Ger C Bk Ag 65'38. Ger C Bk A 65'60 Oct. Ger C Bk Ag 75 50. .. Ger Prov & City Bk con Ag 638 58, German Gov 6%s '65. German Rep 18 '49... Great Br & Ir5%s°31 Grt CE!Jap7s'44... Greek Gov 7s '64..... Hamburg St 6s 46... italy 78 °61 ftal P U Cr Japan 6%s Karstadt 6s ‘43 ct. Kreu&Toll 5s'69Acf. | Lombard E11s'52... | Mer water 538 °50.. Mexico 5s 45 asst.. Milan 6%8 '52. . 100% 97 #5 101 101% 1677 101% 102% New So Wales bs '67. New So Wales 6s 58 Nord RyS 615 ‘50... Norway 53 63 Norway 5 Norway 6s 43. Norway 63 44...40.. Norway 6s 62 . Norw Mun Bk 6s'70.. Orlental Dev 6s 53 Oslo 635 OIOG&E 563.... Panama 68'63 std asd. Pernam 7s'47Sep ¢ offt Peru 6560 Peru 6s Poland 6s '40 Poland 7s "47 Porto Alegre 8s '61 June coupon off. Prussia 6s '62. 43 14 8% 8% 79% 122% 79'% 122 21% 21% 35% 36 Rhine W El P 6s'55.. Rio de Jan 614553 .Aug coupon off... Rio Gr do Sul 65'¢8 June cou off. .. Rio Gr 8o Sul 7867 coupon off. . K10 Gr do Sui 83 46 April cou oft | Rome 6348 '52. Rotterdam 6s ‘64 42% 42% 18 18 21% 21% 20% 20% 224 22% 851 K51 130 130 51 51 Bah Ba% 39 39% 4a 4 40 40 K] 69% 6 % 3% 37% Santa F Arg. Sao Paulo St Saxon Pb W 6%s '61. Serbs 75'62......4.0 Serbs 85 ‘62 unm c on Silesta Prov 7s '68. ... Tokio 5 '62... Tokio 6%s 61. Tekio El Lt 6 Urug'y 6s 60 May co Urug'y 6s '64 May co T2% 43 82% Warsaw 78 ‘5! Westphal El P Yokahama 6s°61.... DOMESTIC BONDS Alb&Sus 334546 gtd. 102 102 102 Alb Per W P 68 43 57 57 57 Alleg Val 4s°42. 106% 106% 106% Allis Chalm 3 101% 101% 101% Am Chain 6s°38 100% 100% 100% Am & For Pw 652030 61 Am Icecv 6s°63.. 82 107% 108 1047% 1047% 108% 103% 103% 107% 106% 107% 109% 109 109% 112% 112% 112% 112% 112% 112% 112% 112% 112% 9% 9TH 97X 5% 5% T6% Ann A 1st ex in 48°9) 54 54 b4 Arm &Co4%s 39.... 103 102% 102% Arm ol Del 6%8°43.. 104% 104 104 AT &S Fead ¢2'95st. 103% 1084 103% &n 48 °'95.. 108% 108% 108% 5 106% 106% 106% Am T & T deb Am Wat Wks At] Refin deb Aust & Nor 6s°41.. ittt T Bal & Ohio 1st ¢8°48. 1011 101% 101% Bal & Ohlo 4%8°60.., 53! 53% 53% 4| Col & Sou 43 .| Den & R G cn 43 36, " | Det Edison rf 6s°55.. ¢ Erterres 5. JFlaECRy b Received by Private Wire High. Low. 2:585. 108% 1083 108'4 0% 691 6 6914 69% 684 T8Y% 99 98% 1024 115% 108% 103% 6974 5% T4's 893 393 1087 109'% 105% 105t 102% 102% Bal & Ohlo 1st 68" Bal & O ref 68’95 9 69% 2000 D. 684 Bal&Oref 6895 C.. 8% B&O PLE&WV 4s 41 Bal & O Swn 53 °60. ., Bang & Aroos 48 '51,. 102% Bell T of Pa 6s 48 B. 115% .. 108% 1037% 697 754 T5% 39% 102% 115% 108% 108% 697 75% G 741 Bos & N Y A L 455 Bklyn Edis 6s'52 B, Bklyn M T 6568 A Bkiyn Union E1 Bklyn Un Gas 6s ‘50. BCR&NcIbs 34 .. Bush Term cn 53 55. Bush T Bldg 65 '60... By-Prod Ck 6%s '45.. 64 823 828, K24 CalG& Eref 55°37.. 108 Caiif Packing 108 4 104% 1043 111% 103 111% 110 113% 104 114 115% 121% 107 863 Camag S 7s 42 ctf: Can Nat liys 4%s" 51. 111% Can Nat Rys 4%s '54. 103 Can Nat Rys 4%s'66. 111% Can Nat Rys 4%s 67. 110 110 Can Nat Rys 4%8°65. 113% 113% Can Nat Rys 433= '68. 4 104 Can Nat 5s 114 t 115% 121% 107 86% 101 97 103 4 107 974 110% 102% 111% Can Nor deb 7s 40 an Pac deb 43 perp Can Pac 4%s '46. Can Pac 4%s '60 Can Pac 5s ‘b4 Caro C1& O Cent of Ga §: Cen Hud G&E §s'57.. 109 Cent 1l E&G 68 61.. & Cent N Eng 4s'61. Chcsap Cp cv el b8 Chesap Corp 63 47... Chi & Altref 3s°49. Chi B &Q gen 4 °68.. 108 CB&Q Il div3i%s 49 104 C B&Q Il div 4s 49... 107 Chi G L &C6s'37 104% Chi Grt W s ‘59 311s CM&STP 4s ‘89 CM&StP gn 43 CMStP & P 6876 CMStP&P adj bs 2000 Chi & NW 4%s 49... Chi & NW rf 5s 2037, Chi & NW gn 55 °87... NW Nr W o%s 36 Chi& W 1 con ¢8°'52.. Chi& W 1 6%s 63.... 103% Chile Cop deb 63 °47.. Cin Un Ter 4% . Cin Un Term bs 67 C. 1123 Cin Un Term 5s 2020. lll‘a CCC&StL gen 48 '93.. CCC&StL rt CCC&StL rt Clev Un Ter 4%s 77, Clev U Ter 6s 73 B... Clev U Ter 63573 A. 100% Colon Ol 65 °38. Col Fuel & 1 63 4! Col & So rf 4348 31 Col & So 4%s ‘80 ‘$0asst ol GEE 55 b2 May. Col G & K b8 61 ColRP&L5% Com Inv IT6%8 1100 110% 3313 331y 1041 102 1044% 105% | Con Coal Ma 33 Con Gas Chi .ee 104y Con Gas N ¥ 4%s 51. 1021, Con Gas N Y 65 '67... 1041 Con G NY 53545 reg 105% Container 63 46..... Cuba R R 1st 68 61.. Cuba R R 6s 36. Cuba Nor RR 6% Cutan Cane P és 50, CumbT& T 55°37 106% | el & Hua | DeaverG s 43.. s '61.. 88 10«»',- 105%% Den & R G 4%s ‘36, Den & R G rf5s'78 D& RG W bs ' s &7 Det Edison 4345'61 D. 109%a | Det Edison rf 55 '49.. 109 H 2 mu 1093, 1"0 ‘. DulSS& At 6s'37 Duqu Lt 1st 4% Sl Erteevass3a irie conv 4s '53 D. 9 681, 681 Erie Gen Riv 68 '57.., 1145 Erfe & Jersey 6s°55.. 115'z Fed Lt & Tr 5s 42 st | Fed Lt & Tr 6s°42.. 854 9 GGannett 63 43 Gen Am 1nv 5; Gen Cable bl%s Gen Thea Eq 6s 40. Goodrich 63 45. | Goodrich 645 47. Goody'r T & R 68 °6... 1045 Gr Tr'k of Can 6 106% GtNRref4%s'61 A, 101% GtN Ry6%s’62 B. 87% GtNRgen? Har Ry-PC 1st 54 Houston O1l 5348 °40. Hud Co G 1st 68 49. H e 1023 100% ¥8is 8 9413 109 1923, 100% 884 8 94 108% 104'% 104'% 106% 106 100% 86 91% 94 85% 85% 116% 116% 94 94 85% 116% 43% 8814 37 109% 83% 57% Hud & Man ref b Hud & Man inc s '67. 111 Bell el 6 111 Cent ref 4s '56. It Cent 4% 6 111 Cent ref 6: 109% #3% 561% 92% 6614 71 104% 1073% 104 NICSt L & NO 5851 111 Steel del a8 40, Ind Un Ry 5865 A... 104 Inland Sti 4143 78 A. 104% Int R T1st rf 686 85 Int RT6s'32... int R T 7s'32 ctfs. Interlake 6s '61. Int Ag col 6342 int Cement bs ‘4| int GtNor adj 68°52A. Int Gt Nor 63 '56 Int Hydro £l 6: Int Mer Mar 6s 41 Int Pap 1st5847A. Int Pap ref 6s ‘66. IntT&Tov4eks 39, IntT&T 4%8 62 624 It T&T68 66...... 67% Inv Equity 5s°47 A... 100 InvEqb6e 48 Bww.. 99% Iowa Cent 65 ‘38 ctfs 9 James, F&C43°39... 81% ‘67, 107 107 107 77 77 7 . 106 106 106 102% 102% 102% 69 68% 69 1021 102% 102% 9% 97% 98 102% 102% 102% 98% 68% 68 Stp. 54 70% 81% 81% Kan Cy P&L 4% Kan C Sou Kan C Ter 1st & Kan Gas&El ¢ %8 9. Kresge Foun l. ‘36.. 98% 68% 68 95% 95% 45% 45% 54 . 119 1.19 119 Loew": 4 . 104% 104 104% Long 18l ref 4 103 103 103 Long 1sl deb il ‘3Te0. 1021 102% 102% o7 114% 114% 114% Laclede Gas 58°39. .. Laclede G 5%s ‘63 C. L VEN Y 4%5°40 gtd. L V Pacon 4%s5 2003, L V R R con b3 2003.. Ligg & Myr 63 127% 127% 127% 67% 67 67 Lou & N unif 48°40.. 105% 105% 105% Lou& N 4%83003C. 102 102 102 Lou & N rf 5%s 2003. 106% 106% 106% %! Met Ed 1st rf 68 '63.. 105% 106% 105% MetWSELCh4s'ss 10 10 10 Mich Cent 4155 °79... 96 Midvale SUAO 68 36, 103 109% 103% Direct to The Evening Star. High. M StP&SSM b5’ gta. Mo K &T 65 l: A 615 6% 100 100 100 8 T TT% 101% 101% 101% 93% 93 938 100% 100% 106% 106% 56 56 1024 103 106% 106% 116 116% 104'% 1043 117% 117% 48. Newb'ry (JJ) 6%8 40 NET&T 1st 63°62.. NewJP& L 4%s'60. New Or PS 68’62 A NewOrPS6s'66 B New Or Ter 1st ¢s 6 New Or T&M Es '56 C. New Or T&M 6%58'64. N Y Cent3%s'97... N Y Cent 314597 re‘ Y Cent con 48°98... YCrefdls2013.. ¥ Cref 434820130, ¥ 6215 621 108% 108% 6113 61% 65 65 47 47 108 108 108% 108% 113% 113% 109% 110 99% 34 36 36% 27% 57 43% 56'% 9%y 43 106 10815 108% 47 4T% 110% 110% 291 2915 1064 106% a T 174 17% 85 ¥4 8% T84 851 85% 107% 108 1042 104% 100% 100% 1056 105 108'% 108 109 109 110% 110% 103 103 39 107% 1007 107 111% 49 4“ C&St L 4%s 78 C&St L 1st 68 °35. Dock 5s '38. . Edison 6s 44 B A E £ E o g 3 & £ 3 < H . -m<m<-<"»<m<m<-<»< Telgen 433 u. W&B4ks & O Pw 68 '55. a Sh 63%4e 60.. Nort S1st retbs'6lcfs. NoAmCO68 61,000 Nor Am Ed 6s 69 C. Nor Am Ed 5%8 NorOT & L 6 Nor Pac 43 97. Nor Pac 63 2047 Nor Sts P 1st b8 Nor Sts P 22222227 222222222222222222227 Ghio Pub Ser 18 Ohio Pub Ser 1 Ore-W RR&N Pac Coast racG& g Pac Mo 18t 4 Pac Tel 1t 68 '3’ PacT & T ret 68°62.. Par B'way 6%s ‘61 ct Par ¥ La 63 47 ctfs.. Par F La 63 47 filed. Par Pbx b8 ‘50 ctfs. Par Pbx 6%s 60 flled Penn Dixie C 63 41.. Penn R K con 4s'43.. Penn R K ¢%8 81 D.. . 10215 102% Penn R Rcn4d u7 17 Penn RR gn 4}4s 107% 107 Penn R R db 4% 95% 95 - 105% 105% 105% 105% 1051 105% 101% 101% 1041 103 111 1114 108% 108% B34 83 106% 106% 108 107% 108 73 713 13 51 51% 51% 22% 22% 22% 102% 10235 102% 108 108t 108!s 106'2 106%s Penn P& L 4%s'81.. Peo GL1&C ref 65 '47. Phla E1Co 4% Phila& RC& 1 Phila& RC& 1 Philippine Ry Phillips et 648 °39.. Pilisbury F1 M 68 43. PCC & StL 4%48°77 C. Port Gen Ki 4548 Port Gen El 1st 6336 Postal Tel & C 63 i Lo} | gold | Mincing Lane. PubS El &G *|Pubs E1& G Reading Ry 0’,- SIA. tem-Rd 55 4/Aww., Rep l&Sus%sds A, Revere Cop & B 68 '48 Richtield O1l 6s Ricntield U 68 44 ctfs RG W 1stex in4w'39. |RIA&L 15t 1345 3 StJo& G R 14s°47 StJdy Lead 6%8 41... StL IN&S R&U 4533, 109 109 69 69 StLS W genrtf is'90. StPKCSL4%s 1. | St P M&M ext 6243, . % 4| So Bell T & T bs '41 108% | San A & A Pass¢s 43 San An Pb S Seabd A L Seabd A L 6545 Acts, Sharon S B6%s '48.. Shell Pipe L 68°63. o' 1043 1043 103% 103% 100% 100'5 1087 1087 | 91 6613 Skelly Oil 6358 °39. So Col Pwr 65’47 A 102% 102% 56 56% 100% 100% So Ry gen 68°56...00. 5% T5% So Ry 6%3 ‘56 SoRyM&O 4 Southw Bell T 5:"“. lIM% NM% 91!‘ 91 117% 117% 117% 58'% 68 58 25% 26 26% 100% 100 100 $7.... 107% 107% 107% Tex & Pac 1t 63 3000 Third Av ref 4: ‘Third A ad in ex ‘Trumbull Stl 6s UnEL&P Organized 1879. JOHN JOY EDSON. President. 915 F St. N.W. High. Low. 2:55. 110 109% 110 101% l%’i lfll‘K 9"!. T5% 78 17 26 31 Un Pac 18t 4347, . Un Pac ¢s 6! Unit Drug 5i U!chDlEil'i'l. 2 U1 P& L 68'69 ww.. Ut P& LE%8'47... 3 4 106% 102 111% 17 164 17% x'lu. 94 1‘1 '/: b55% V Cr&P 1st 4%.’341] VaEI&P Wabash 4%48°78... Wabash 4148 '78 ctfs. Wabash 6576 Wabash 1st 68 °39.... Wabash 6%8 76..000 Walworth 6s'45 A. 4T% Warn Broscv 6s'39,. 55% Warren Brevés'4l.. 38 38 Wash Cen 4s " 934 9314 W Pa P 4561 H 107% 1011/. 107% W Pa P 1st 109% 109% 109% W Sh 1st4s 2361 ‘ld.. 85% 857 857 West E1 deb bs 2 105% 105% West Md 1st 48'53.., 92% 92% West Md 6%s 17 % 99% WNY&P1st6s'37, 5 1064 West Pac 6346 A. 33 West Un 63 '60. . 863 Wh & L E con 4s'49.. Wheel Stl 4% 3 'sl = Wheel Stl 534 White S M 6s '” xw.. | W Sp Stl con 7836 ct. Wilson&Co 1s 1. 109% Youngtn S&T 5s’78A. Youngtn S&T 68'70B.. 935 933 93% INVESTMENT TRUSTS NEW YORK, Pebruary 11 (P.—New York Security Dealers’ Association: (Noon quotations.) Admin Pund ww mfl 5 A“.nd ulloc in; B 12% Cumulative Tr 8h . . Corporate Trust Corporate Trust A Corp Tr mod Pixed 'l'nu‘ 8h AB . Pund Investors Ine Pund Tr Shrs A Pund Tr Shrs B Incorp Investors. . e Trusteed lndu:lr) 8hrs’ ., Trusteed N Y Bk Shrs Trisiced Am BESBT FOREIGN MARKETS. By the Associated Press. NDON.—The delay in the American clause decision and _trouble in the location of the local spice trade caused uncertainty and some forced selling on the Stock Exchange to- gay Values eased and fresh buyers held opders “off ' the marke shares _home rails and a fe hardened. while Courtaulds benefted on the House of Lords' decision in their favor against an appeal by the British Celanese action over patents for the r:\:nu{-c!ure (Of artificial silk. The mar- closed PARIS —Political uneasiness in addi- tion to the defaults in the London raw materials markets caused heaviness prices on the Bourse today. Rio Tintos | and De Beer shares were the chief losers. The closing was wea ERLIN —Lack of orders made trading ( neSitant on_the. Bocrse: lodans UPrien lost some slight improvement they had recorded earller in the day. The closing | was unsettied. Available for Loans on Residential Property in the District of Columbia 5Y2% Prompt action. B. F. SAUL CO. 925°15th St. Natl. 2100 First Trust Loans For Purchasing a Home or RE-FINANCING EXPIRING TRUSTS NO COMMISSION CHARGE ‘NO RENEWALS REQUIRED ‘ Terms Arranged on Easy Monthly Pavments MLMBER BUILOING assocuaTion ceuncu.- 0.c. NATIONAL Perzflan CIA'I'ION suoen su sv-nm-u | ©49 NINTH STREETL.NW. ASSETS $6,492,976.24 55th YEAR COMPLETED. WALTER S PRATT. Jr.. Secretary. Subscriptions for the 108th Issue of Stock Being Received Do You Desire a Loan —on Real Estate or to Take Up First Mortgage? Tnos: desiring money to purchase a home, refinance present indebtedness or improve property should consult us. Applications will receive prompt and courteous attention. Loans Repayable Monthly Take 12 Years to Repsy Your Loan Nat. 1741 MONDAY, FEBRUARY 11, 1935. RISE LEVELS OF AT STEEL PLANTS Commitments for February Drop Below Tonnage Booked Last Month. Special Dispatch to The Star. CLEVELAND, February 11.- After nine consecutive weeks of improve- ment in steelworks operations, steel demmd is leveling off, new commit- ments so far in February falling be- low tonnage booked last month, states the magazine Steel. The first effect of this was apparent last week when the national rate held unchanged at 54! per cent. A sharp reduction was made at Youngstown, and Pittsburgh is scheduled for a de- cline of 2 points, which may lower the national average this week. A reaction in the upward swing would not be without precedent. Shipments to the automobile in- dustry, which last week increased its output 5,000 units to 78,500, are be- lieved to have reached a peak for the | : present, but barring labor difficulties are expected to hold close to this level for several months. The market for iron and steel, how- ever, is approaching a test as to un- derlying strength. Steelmakers are scanning structural and railroad pros- pects for another lift, but admittedly see little tonnage from these until March or April. Week’s Estimates Down. NEW YORK, Pebruary 11 (#).— The advancing trend of steel opera- tions in effect since September was interrupted this week by a moderate recession in mill activity, the Amer- ican Iron & Steel Institu‘e reported today. Operations for the week were esti- mated by the institute at 50.8 per cent of capacity, against the previcus week’s estimated ratio of 528 per cent. A month ago the schedule was | FINANCIAL Hanna Re-elected Transit Chief at Annual Meeting ': e H. mnm was re-elected pres- the Capital Transit Co. at meeting held this noon at office on M street, George- officers re-elected in- Heberle, vice president ler; J. H. Stephens, vice president in charge of transportation; H. D. Crampton, secretary and treas- urer; William L. Clarke, assistant sec- retary and assistant treasurer; John Fleming, assistant secretary, and C. B. Koontz, assistant treasurer, Stockholders earlier in the day re- elected five directors, as follows: Wil- liam F. Ham, Daniel J. Callahan, F. W. Doolittle, Cloyd H. Marvin and William McClellan. : President Hanna presented his “an- nual report, showing highly favorable earnings during the past year. CHICAGO PRODUCE. GO. Pebruary ll [P\.—Pnlnofl, r shipments urd 4 | oy A A LT s hunflred-elxm Wiscons: . U, o+ 77%; Michigan .1+ 72%; 1dano 0. ‘easy. Cn-mery specials Carlots), rextras. 3% cars standards. | . weak: extra firsts, raded firsts. 28'2a30: cur- Egg uhl current re- ses. ady at de- d " under. Leshorns he 2; colored Leghorn 21: young 14 ducks, 4’z 175" geese. 15 young toms. ol No byslerl & Ham, Baltimore StyI; (Since 185" Steel Files 475 per cent. While the week will record one of | the few setbacks seen.since last La- | bor day, the institute pointed out | that the production schedule for the | current period will be 27.3 per cent | greater than in the corrupandm week last year. Desks Tables Steel Cabinets Adding Machines Exchange Il:md Office Suite: OFFICE FURNITURE AND EQUIPMENT BAUM’S 1416 Eye St. N.W. National 2184 e 2L to the company’s We paid to policyholders and beneficiaries, including policy INCORPORATED 1871 To Our Policyholders and the Public: 18, | U. 8. TREASURY POSITION. By the Assoclated Press. elpts: 312 K04 R0O 646 20.180,467.86: balarice toms receipts for the I, Jcar tsince July 247 2R of emergen. of exoenditures ts. $8 43271 parable date last year). $10.219.60% 60 expenditures. $4:3 654 026, fl’h npl balance. $4.331.166.343 24; _customs receipt; r the month, $7.108.704.33 IISHRE 20 NEW YORK BAR SILVER. NEW YORK, February 11 () — Bar silver steady, unchanged at 537 REAL. ESTATE =—LOANS 6% No Renewals No Commissions $10 Per Month Per $1,000.00 COLUMBIA PERMANENT BUILDING ASSOCIATION 733 12th St. N.W. NA. 0352 WHY Insurance Stocks? Because— 1. Permanency 2. Continuous Dividends 3. Advance Earnings 4. Large Investment Surpluses Latest Statistics on Any In- surance Co. Stock Furnished Upon Request. I. Lowengrub Co., Inc. Investments Shoreham Bldg. Met. 1363 IFE INSURANCE CoMPANY IRGINIA HOME OFFICE—-RICHMOND, VA. The sixty-fourth annual statement of The Life Insurance Company of Virginia is presented with a feeling of satisfaction at the results of our business during the past year. The increase in insurance in force of over $18,000,000 is more than six times the increase for the year 1933, bringing the total amount of insurance in force as of December 31, 1934 to $396,015,756. Our assets have increased by over $3,000,000 and our surplus was increased by over $248,000. Capital, surplus, and contingency reserves at the end of the year amountmg to $14,886,407.96 provide a large margin of safety policyholders. joan advances, the sum of $8,303,347. The management has continued its conservative financial policy, and at the end of the year had on hand ample reserves of cash and readily marketable government bonds. BRADFORD H. WALKER, President January 30, 1935. FINANCIAL CONDITION, December 31,1934 LIABILITIES ASSETS Public Utility Bonds. Railroad Bonds ... Stocks $273,650.99. Real Estate Purposes.) Real Estate (dcquired by Foreclarure of ‘Mortgege Loa Loans m Polncyholden Policies.) Interest Bue and Accrued.... (On Investments and Policy Loa Installments, not yet due, of cur yea extended—secured by Policy Other Assets by the of the Comi by the Actuary above statement correctly Assets, $78,515,3. J. D. Pickard C ho-H-l-demln—S 2,056,677.59 Farm Mmmo Corporation Bonds State, Municipal and County Bonds.. NI R0T3 T2 : 17, O —— Mortgage Loans oo Real Estate____ Inciuding Losns on Farm Properties, (Used and/or Held for Home Ofice premiums, premiums in course of collection and premiums TOTAL ADMNTED ASSETS..........$78,515,318.60 Gross Income, $16,405,935.33 8,130,789.29 1,489,875.00 5.613,261.00 5,991,868.30 the year. 3219562457 1,836,275.09 4,676,353.69 7,514,543.94 Secured by the cash vl theie o = hast ToTAL LMBILITIES AND SPECGIAL 1,327,414.65 RESERVES ") rent Surplus —...... Re- 1,075,416.30 4,793.93 ts and records of The Life Insurance Compas; ‘the Insurance Departments of Virginia, South ey Aseets and Liabilities as of the close of , or otherwise accounted for; the on deposit :-lthb:-‘h and tz\.ult ?mnn’i‘. have assets our satisfaction. caea ptov e o1 b Cosamonwealth of Virgisia, and the stocks 934, " The calcalation of the and all other liabilities have been pany have been rovided by thelawa of th ber y has been verified an the finaneial condition of th Eam Richmond, Virginia, January 30, 1938, 18.60 Capital, Surplus and Special Contingency Reserves, Tofal Pnyx‘:;ns Under Policy Contracts Since Orgnmzauun $ 96,123,428.51 A. E. CaLL, District Manager 816 anh Floor, Securities Building Waszimeron, D. C e M.D.G Special Agents CW. Yeamans Policy Reserves ... Being the amownt which togeiher i future premiums and interest will all poiicy claims as they mature. is known as “legal reserve.” Reserved for Policy Claim: Claims in course of settle serve for claims smewrred but mot ve. ported to the Company at the close of Premiums and Interest Paid in Ad- vance — ... Reserved for Taxes, Commi: Expenses and all Other Liabi Specul Contingency Reserves . " or passible depreciation of assets and mnblc escess mortality. Capital Stock...o........$5,000,000.00 Surplus of Assets over Liabi Special Reserves ........ j {0 [ —— 7 1) LX) Y] e 362306 311.00 "P 43293645 413,628.73 es 476,034.46 4,000,000.00 .. 67,628910.64 5,886,407.96 d 10,886,407.96 usiness December 31, are Treserve as computed uly provided for. The ber 31, 1934. $ 14,886,407.96 EX CAI.LAHAN, Branch anr 901 Woodward Buil