Evening Star Newspaper, February 21, 1935, Page 18

1935. FINANCIAL. STOCKS DEVELOP DIVERGENT TRENDS Trading Activity Dwindles. THE EVENING STAR, WASHINGTON, C., THURSDAY, FEBRUARY 21, TIONS ON THE NEW YORK STOCK EXCHANGE| A—I8 ¥¥# FINANCIAL. RCHNOND B [ TRANSAC EARNNG OUNT Prey. 1035 !wzl and Reserve Institution Nets 2:40 pm. x:.x.o p.m. Add o0 mh, 7 1 2:30 om. Stock ana Sales— Dividend Rate. _Add 00. High 12% 10% Dominion Stre(1.20) 1 10% 24% 20% Douglas Afreraft.., 23 22% 99% 921 Du Pontde N (2.60) 13 96% 129 126% Du Pont « 6128 5 121% B50s 147 Prev. 1935 Stock ana eh. " “Low Dividend Rate. 50% 46% Nat Steel (1134), 14% AT 11% Net b' Close Chge B4 — 1% z-’ 4 +n M 9%+ h 1M 1% =% 30% 314 — % 244 24% + ' 40 40% + % 621 63% Prev. 1035 Stock and i, Low Dividend Rate 3% Stand Gas & Eieo. . 3% Stand Gas&E $4 pf., 9 Stand Gas&E §7 pf.. 1% Stand Invest Corp. . 29% Stand Ol of Cal (1). 23% Stand Ofl of Ind (1) 39% Stand Ol N J (113} 4 58% Sterling Prod(3.80). Low. Close -IC 107 10% 4 % 22% 22 + % 954 95% 127% 128 + % A’M 43% —1% 9% — 7= ». 4715 —1 915 Nat Tea (60c). 22% Neisner Bros(11% ¥ 431 Newberry (3J) 1.60.. 6 Newport Industries 24'% N Y Alr Brake . ams £: '{1‘ 29% Adlm‘ l(lllil (l) 1 30% 30‘4 10'4 8 Addressograph 4 9% % 61 1 6% 6% 5% Advance Rumley... 8, 4 TH TN 83, 497 . +1 123% 110% Eastman Kod (5) 147 141 Eastm’n Kod pf ( 20% 16% kiaton Mfg ¢1). 120% 121% + 147 147 % | 28y - 6% Affillated Prod(60¢) 115% 109’2 Alr Reduction (3).. 16% Alaska Jun (1120). 1% Alleg Corp (k) 4 Alleg Cp w340 132% Allied Chem 123% Allied Chem . 15' Allis-Chaimers ... 281i Amal Leath pf (j2). 1315 Am Bank Note. .. .. 25% Am Brake Shoe 806. 119 Am srake Sh pf (1) 120 AmCan (15)...ceee 151% Am Can pf (.ve e 1614 Am Car & Foundry. 371y Am Qar & Found pf. 38 Am Chain pt.. 66 Am Chicle (133 27, Am Colortype. 26 Am Comcl Alcohol. 612 Am Crystal Sugar.. 20 57% Am Crystal Sug pf. 610- 2'x Am Encaustic 3 Am & Foreign Pwr,, 22 4! Am Hide & Leather, 1 30% Am Home Prod 2.40. 313 Am iceCo.... 5% Am Internationa 2ty Am La Fran pt (k' 1613 Am Locomotive. ... 46 Am Locomotive pf 20 Am Mch&Fy(80c) 141 Am Meta 2% Am Powe! 10« Am P&L $5 pf ll‘ll 121 Am P&L $6 pf (1%) 13'3 Am Radiator.... Am Radfator pf (7). Am Roliing Mills.. 67 Am Safety Razor(4) 4% Am Seating........ 205 Am Shipbldg (2) 32% Am Smelt & Ref. 63 Am Snuff (13%) 129 Am Snuft pf (6). 14'; Am Steel Foundry 88 Am Stl Fdry pf (2), 3715 Am Stores (1234).. Am Sugaru2). 4 Am Sug pf (T) 181; Am Sum Teb (1) " Am Tel & TeF(9). + Am Tobacco (5) 785 Am Tobaceo B (5).. 131« Am Type Fdrs pf (k) 10 Am Water Wks (1). 's Am Woolen. Low,, cm i ,.b.'.";“‘s':‘,‘.i‘:’:mfi“x"& ‘f‘x'z" 1 ‘i“};' $313,346, Compared With Loss in 1933. 20% 17x 612 141 127 17% 324 181y 29% 1221 123 156 204 45% 53 2% BY EDWARD C. STONE. Total net profits of the Federal Re- gerve Bank of Richmond in 1934 were $313,346.93, as compared with a net deficit of $328,740 in 1933, according to the annual re- port presented to stockholders by Gov. George J. Seay. This means a striking im- provement of §642,086.37 dur- ing the 12 months and {n- dicates greatly enhanced eco- mnomic conditions in the whole fifth district, which includes the Na- tional Capital. The report shows total gross earnings for the year of $1.987,800.85, in comparison with the lower figure of $1.699,190.92 in 1933. Total current expenses were higher in 1934 than in 1933, standing at $1,633.969.02, in comparison with $1,544,617.51 in the previous year, at the same time leaving current net earnings of $353,831.83 against $154,- 573.41 at the end of 1933. During the year the Richmond Re- rerve Bank paid dividends of $299.- 050.37. Deducted from the year's net profits. this left a profit balance on December 31 of $14.296.56 against a gross deficit in the previous year of $€37.127.93. Interest on United States securitics during 1934 amounted to $1.825,339.15 against $1.060.611.08 in 1933. Dis- count on bills discounted was $56,- 402.67 against $517,954.91 a year ago. The surplus account under section 7 showed a balance at the close of the previous vear of $10.979.454.93, from which $5,808.291.43 was withdrawn for the purchase of Federal Deposit Insurance Corp. stock. Total reserves at the end of 1934 amounted to $200,395.176.61 against (3N $183.482,066.65 on December 31, 1933. | 110 Total resources amounted to $357.- f 901,925.06. The report reveals total liabilities at the end of 1934 as $357, 901,925.06, as compared with $312 169.113.70 in 1933 | In addition to Gov. Seay. the pres- ent officers of the Federal Reserve| Bank of Richmond include William W. Hoxton, chairman of the board and Federal Reserve agent; Charles | A. Peple, deputy governor; R HJ Broaddus, deputy governor: J. S.| Walden, jr., controller; Keesee, cashier; J. G. Fry, assistant reserve agent: T. F. Epes, auditor; A. S. Johnstone, personnel manager; | John T. Garrett, bank relations man- ager; W, W. Dillard and Edward | Waller, jr., assistant cashiers. George J. 10712 40 1181 n 11 15 102 . 401 Thom President Seven Years.. . Corcoran Thom, president of the | American Security & Trust Co., com- | peted seven years' service in this | position today and started his clghth. vear. He suc- ceeded the late Charles J. Bell During his presi- | dency the de-| have in- | sed from around $30,000.- | 000 to approx mately $39,000, 000. and the bank | has enjoyed| steady growth in all departments. He assumed the { presidency after | making a bril- | liant record as trust officer and as a vice president. He is one of the most active men in the financial district.and has always taken great interest in civic affairs, constantly serving on important com- mittees. He is a director in the Washington Gas Light Co. and mem- ber of the Columbia_Historical So- ciety, the Chevy Chase Club and other similar organizations. Mr. Thom received many hearty congratulations today. He returned to the bank yesterday after a two- week trip to Panama. Dudley Re-elected President. Frederick S. Dudley of Washington was re-elected president of the Na- tional Refinance Corp. at the annual meeting held here yesterday. Other officers elected were Lewis L. Clarke, New York. chairman of the board; John R. Waller, vice president: Sam- uel C. Redman, treasurer; W. M. Balderston, secretary; Earle Bunting, director ergineering division. Among tee directors are John D. Morris, Chicago, and Edward J. W. Proffitt of New York, a new elected director, who is president of the ‘Trading Company of North America and was formerly a member of the ‘War Claims Board. The company's head offices are in Washington in the Shoreham Building. President Dudley, in commenting on business conditions during the last year, said that if the banks would co- operate more fully with the Govern- ment loaning agencies, there would be no difficulty in supplying an almost unlimited amount of working capital for industry. He reported a marked easing up of loaning requirements recently in New York, Chicago and Cleveland. Attend Chicago Convention. William H. Dyer of the Perpetual Building & Loan Association and R. L. | Huston Jones of the Northwestern Savings & Loan Association, Takoma Park, have gone to Chicago to attend the Midwinter Conference of the American Savings, Buildiflg and Loan Institute as official delegates of the District of Columbia Chapter, No. 51. F. Willson Camp of the District Build- ing & Loan Association, attended the meeting of the institute. trustees, which precedes the general sessions of the conference, opening tomorrow. ‘The meeting will be Nation-wide in scope, discussing not only the practical problems of this building and loan pro- fessional training school, but the na- tional issues in the field of home financing, including adaptation of lending plans to 1935 home-owner preferences. An attendance of 500 home financiers from all States is ex- pected, according to Mr. Dyer, presi- dent of the local chapter. Today’s Trading on Exchange. Capital Traction 5s sold again at ©5; on the Washington Stock Ex- change today, $1,000 and $500 bonds changing hands. Potomac Electric Power 5% per cent preferred stock came out at the strong price of 112%, on a very small sale. The only other stock sales were in Lanston Monotype, 9 shares selling at 49, the price then advancing to 50 for a 10-share lot. It was announced that the exchange will be closed tomorrow, for Washing- ton's birthday anniversary. Al the brokerage offices, investment offices and the banks will also be closed to- morrow, but will be opened as usual s Corcoran Thom. 15% By it 60 4215 Wh 2 60 1057x * 30, 5% - George H} 6 26% 177 13 42 53 « 53 113t 17% 1% 4% 137 127 17% 30% 174 2 113% 13 17% 2 1% 1 4% 1137 3 127 11 1% 1 30% 4 18 2 263% 26% 60s 122% 121% 9% 118% 16% 36 53 10 Anaconda Cop| 16'; Anaconda Wi 15 Anchor Cap (60c). . 103 Anchor Cap pf(6%) 36 Archer-Dan Mt1%. 11814 Archer-Dan pf (7). 997« Armour Del pf (7). 5'x Armour ot I1linols 85 Armour of [1l pt 64'; Armour 1l pr pf 4% Arnold Constabl, 4%, Artloom Corp.. . Associated Oil (h1). 41° Atch To & S F (hz). Atch To&S F of (5) '« Atlantic Coast Line A, Atlantic Ref (1).. 37': Atlas Powder (2). 22'; Auburn Auto. .. &75 Austin,Nichols. ..., 4% Aviation Corp Del.. 5 Baldwin Loeo. . 18% Baldwin Loco pf. 9%, Baltimore & Ohfo. . Baltimore & Ohio pf 101 Bamberger pf (A34) 37'% Bang&Aroos (2%3). 4 Barker Brothers. .. 3213 Barker Brothers pf. 6 Barnsdall Corp..... 161 Beatrice Creamery. 125 Belding-Hem (h50¢) 14 Bendix Aviation. 15% Beneficial Loan 1 34 Best&Co(2 2814 Bethlehem Steel.... 68 Bethlehem Stl pf... 1813 Bizelow-San Corp. . 107 Blaw - Knox 10314 Bloomingdale bf (1) 815 Boeing Airplane. . Bohn Aium&Br (3). Bon Am1 (A) ¢15).. 14 Borden Co (1.60)... 1. Borg Warner(t1%) 5% Boston & Maine. 24'; Briggs Mfg 23's Briggs&Straton (2) 312 Bristol-Myvers t2.40 “x Bklyn-Man T (h13 90 Bklyn-Man T pf (6) 48 Bklvn Union Gas(5) 10%; Bucyrus Erie cv pf. 4 Budd (EGQ) Mfg. .. 26 Budd (EG) Mfgpf. lOO- , 3% Budd Wheel 11% Bullard Co. ... 415 Bulova Watch 1 Burns Bros (B 14Y, Burr Add M (60c 17 Bush Termina) tk). 1% Butte Copper & Zine 1'% Butterick Co. 40 Byers (A M) of. 90 361 California PKg(1%) 13 Callahan Zinc 3 Calumet & Hecl 9 Campbell-Wyant 127 Canada Lry G A (1) 11!3 Canadian Pacific. 33% Cannon Mills (2)... 51% Case (J 1) Co... 92 Case (J [) pf (4)... 1 Caterpillar Trac(1) 28% Celanese COrp. .. ... 2 otex Co (k). .. t Aguire (1%) 45 Central RRofNJ.. 385 Cerro de Pasco ¢2). 40% Chesap & Ohio 2.80, 38 Chesap Corp (3). 13, Chi Great Western.. 312 Chi Great West pf.. 214 Cht Mil St P = 314 Chy M1l St P &P pf.. 4% Chi & Northwestern 8 Chi & Northwest pf. 1% Chi R | & Pac (k). . CR1&P 1% pf (k) 26% Chickasha C O (2).. 21 80- 15 6 2 16 » oo BN RN S - So 1% Co. 35'3 Chrysler Corn (1) 87 City lce& Fpf 6%. 7% City Stores (k).. .. 4 City Stores ctfs (k) 162 Colgate-P P (60¢).. 101 Colg-Palm-P pf (6) 12% Collins & Alkman. . 414 Colo Fuel & Iron (k) 19 Colo Fuel & Ir pf (k) 12 Cole & Sou 1st pf... 5 Col Gas & Klec. 55 ColG&ElpfA 3413 Colum Pic vteiml). 67 Columb Carbon (4). 3915 Comel Credit (2)... 29 Comci Cred pf (1%) 56% Comcl Inv IT(Y234) 19% Comel Solv (80¢)... 1 Comwith & South. . 29% Comwlith & S pf (6). 7% Conde Nast Pub.... 311 Congoleum-N (1 60) 813 Consol Cigar. ... 713 Con Cg pr pf ww 6% 100s 19 Consol Fiim pt (§2) 9 15% Consol Gas N ¥ (1). 77 72% Consol Gas pi (6).. 73 Consol Oll (héZe) ... 214 Consol R R Cuba pf. 5 Consol Textile. .. .. 10% Container Corp (A). 4 Container Corp (B). 5% Contl Baking (A) % Conts Baking (B) 46'% Contl Baking pf (¢4) 62% Contl Can (2.40)... 7 Contl Diamond Fib. 30 Contl Insur (11.36). % Contl Motors 16% Contl O Del (bl 62 Corn Prod Ret 5% Coty Inc 357 Cream of Wht +3 23% Crown Cork & 8 40+ 6 15 23 3 2 % 8 5% Cuban-Am Sugar 40% Cuban-Am Suga ,nl M- 215 Curtiss Wright.... T5% Curtiss Wright (A) 17% Cutler Hammer.... 24% Deere & Co... . 32 Delaware & Hudson 14 Del Lack & West... 67 Detroit Edison (4) 26% Diamond M (1% zmt Mfin‘ 13dm)e 127 1% 30% 174 26% 122% 119 -y -4 =g - — T ~1%% - % 434% + + % + % *' o107 S 100 131 — % 12 + % 35 =1 5T% — % 95 % 29 10814 [ 3 ™% 8ly 491, 60% 130 21% 5% 14 12% 23 24 T 38 9% l"d 3% 241 20y 197y 12614 2 211 " mi 81% 9% 391 123, 3%a 17% 33 0% 55 47 16'x 3 7 423 161 6% 33 437 2 22% Imt Nick Can (60e). 57 5% ] 19 2% 13% 18Y% 18% 22 12 28% 28% 99 2% 1213 T4% 32% 23 109% 2415 307 367 6 Eitington-Schil 231 Electrie Auto Lit 107 KElec Auto Litepf 7. 130+ l(th 4% Electric Boat. 2 215 Elec Pwr & Lizht 5% Elec Pwr&Lt $6 of.. 6 Elec Pwri Lt §7 of. 45 Elec Stor Bat (2%). 52% Kndicott-John () 125% Endicott-John pf(7) 14% Eng P S $5.50 pf ww 5 Equit Office Bd. ... 10% Erie R R 10% Eureka Va 19 Evans Auto Pible). 614 Fairbanks Co pt 17 Fairbanks-Mo: 1% Fairbanks-Mrs n!’. . 5% Fed Lt & Trac.... 48 Fed Lt&Trac pf(6). 1 Fed Water Svo (A). 15% Firestone (40¢).... 917 Firestone pf A( 6).. 4713 First Nat Strs(2%) 20 " Florsheim (A)(1).. 25, Follansbee Hros (k) 204 Food Mach (a 225 Fourth 9 Kox Film (A) 20% Freeport-Tex 813 Fuller Co 24 p 1% Gabriel Co (A). 615 Gen Am Investors.. 3514 Gen Am Trans(1%) T% Gen Raking (f0e). . 115 Gen Baking pf (7).. 20s 123 65 2% B4 57% 201 Gen Electric (80 11 Gen El spec 60e 32% Gen Foods (180)... n Gas & Bl (A) 97 Gen Mills (3).. 1 64 30 Gen Motors (1) 143 31% 107! Gen Motere pf (6).. 1112 1 Gen Outdoors Adv.. 3 l7‘- Gen Print Ink (11) 11 354 1 N 22% Gen Stl » Gillett Saf Raz (1). 013 Giliette Saf R pt(5) 2% Gimbel Bros 23% Glidden Co (1 '((lb.. 1047 Glidaen Co br ot (7) 3%, Gobel (AdOI) . .ves 15% Gold Dust (1.20). ... 913 Goodrich (B F) 45 Goodrich (B F) p 21 Goodvear T & Rub 414 Gotham Silk Ho: 2% Graham-Paig 64 Granby (‘onsol . 30 Grant (W T) (1) 12% Great Northern pt., 10'; Great Nor Ore(50¢). 26% (irt West Sug(2.40) 119 Grt West Sug pf(7) 1 Guantanamo Snugar. 19 GuantanamoSug pf 24 au.mx 15 4 R 17 lon 51% 63 «n 128 70u 22‘ 2 Hanhn Dept Stor Hann Dpt Stores pf. Hanna (M A) pf (1) 16% Harb Walker (50c). Hazel Atlas GI (5).. « Hercules Pw (13%) 7313 Hershey Choe (3)... 104 Hershey C of (15).. 7% Holland Furnace. .. 338 Homestake M(136). 31 Houd-Hersh A (j2). Tl Houdaille-Hersh B. 49 House Fin pf (334).. 14 Houston Oil....... % Houston Ol (mew).. 43 Howe Sound (3) 4!, Hudson & Manha 9% Hudson&Manhat pf 81x Hudson Motor Car. 213 Hupp Motors 2 20+ 105 5 ERmmaron~ e 12 tilinots Central. ... 30% Indus Rayon (1.68), 65 Ingersoll-Rand (2). 507 Inland Steel (1)... 414 Insur Sh et Md I4e., 12% Interboro Rp'ITiK). 2% Intercontl Rubber. . 5' Interlake Iron.. 331, (nt Agriculture pf. . 149'% int Bus Mach (p§).- 5 int-Carriers Ltd 20e 2614 Int Cement (h25¢c). 37'4 Int Harvester (60c) b S GpRale PEYP -1 2 int Paper & Pw (A) “% Int Paper & Pw (B) * Int Paper & Pw (C) & Int Paper & Pw pf.. 9812 Int Print Ink of (6) 15% Int Rys Cent Am pf 44 31 Island Creek C (4).. 53% Jewel Tea (3).. 48% Johns-Manvill 5615 Jones&Laugh 7 15% Kayser(J)& Co 50¢. 1% Kelly-Spring T k). 71k Kelly Sp Tire 69 ot 15% Kelvinator (170e).. 16 Kennecott C (60c) 20'% Kresge (SS) (1).... 106'; Kresge (S S)pf(7). 23% Kroser Gr&Bk 1.60. 26% Lambert Co (3 89% Leh Port C pf (3%) 2% 1 ehigh Valley Coal. 10 Lehigh Val Coal pf. 6915 Leh 27 Lib 21%; Life Saver (1.60). 102 Lige & Myers B(t5) 181 Lima Locomotive. . 25% Liquid Carb (11%). 31% Loew's Ine (1).. % | 104% 102 Loew's Inc pf (6%4) 2 %— % 1T% — % 102% +1% A 13 =% 4% — % 20 11% = % 5% + % 551 — 1g 38% — % 7% +2% 1% 21% 1351 143 14% 4T% 18% 46 32 13 69 4415 99 87% 4415 15% 2814 T 22% 1% Loft Inc. 341 wil of (7). 19 Lorillard P (12. 10). 130 Lorillard (P) of (7) 10 Louisiana Ofl pf... 12% Louisv GEE(A)1%. 39 Louisv & Nash (3).. 15% Ludlum Steel 40 Mac Andrews&F 13. 28% McCall Corp 12).... 9 McCrory Strs A (k) 57% McCrory Strs pf (k) 36% Mcintyre Porcu (2) 37 McKesson & Rob pf 12 McLellan Stores (k) 4 Mack Truck (1).... 4 Macy (R H)& Co(2) : Madison Sa Garden. 18% Magma Copper (2). 13 Mallison & Co pf... . 4 Manati Sugar pf (k) 17% Man Elevm & (k). l% Maracaibo Ofl Exp. Marancha Corp.... Marine Mid1d (40¢e). 376 Market St Ry pr pf. 81 Marshall Field 7% Martin Parry. 2714 Mathieson Alk(1%) 39% Mayv Dept Str (1. m 5% Maytag Co . 41 Melville Sh 4 Mengel Co. . 28 Mengel Co pf 24% Mesta Mach 3 Miami Copper.. 11 M1d-Cont Pet(h50e! 10% Midland Steel Prod. 611 Mid St1 P 1=t pf (4). 58 Minn-Hon R (13%). 1% Mo Pacific (k) 25'% Montgomerv Ward. . 61 Morrell(J)&Co 3. co. 3 Mother Lode 227 Motor Products.... 8% Motor Wheel. 36% Mullins Mtz pf. 6 Murray Corp 15% Nat Dairy Prod 1.20 17 1% Nat Dept Store (k). 2 21% Nat Dp'St ist pfek). uou 58 24% 17113 32113-3211 1 604 19% 19% 19% + 6 6 25% 108 108% 5 5y 2% 57% 2314 10.* 251 W F4e ¥ o mtl 112; lmk. 12,29 8. et i 015 2t 8 A a - 2 1% 157% N Y Central R R 13 8% N Y Chicago & St L. 25 1TANYC&StLpt.... 22 119% N Y & Harlem (6).. % % N ¥ Investors (K).. 6% N Y N H & Hartford 9% NYNHG& H p! 11% N Y Shipbldg ( 9e). 80 N Y Steam pf ( 30% Noranda Mines (h7) 99 Norf & West pf (4). 3 North Am Aviation. 1114 North Am Co (1)... 38 North Am Co of (3) 16% Northern Pacific. . . 81y 14% 164 85 35% 101 4 134 424 21% 10% 9% Ohto Ofl (hdbe).... 33 4% 3Y% Oliver Farm Equip.. 26% 20 Oliver F la orpt A, 4 Omnibus Corp..... 15% 131 Of 109 106 O % 5 OusSt 907 837 Owens- 111 Gi T 6 1. 214 Pacifie Coast 2d.... 15% Pacific G & 5 (14). 21% Pacific Lighting (3) 70 Pacific Tel & Tel (6) 4'% Packard Motor . 8 Panl 3% Pa 14% 234 219 10 Patino Mines 114 Peeriess Motor. 64% Penney (JC) Al w0, 20 Penn RR(1).. ... 30 Peoples Drug S (1), 110% Peo Drug S pt (6%) -8 Petrol Corp (h50¢). 13% Phelps Dodge(h5¢) 26 Phila Co$6 f (3)... 314 Phila & R 38 Philip Morris (1)... 14% Phillips Petrol (1).. 3, Plerce Arrow (k) 7 Plerce Petroleum. .. 315 Pilisbury Flour! 60, 614 Pitts Serew & Bolt. 1315 Postal Tei & Ca pf.. 2 Pressed StlCar (k). 1014 Pressed Stl C pf (k) 42% Proc & Gamb (1%). 20'; Pub Serv N J (2.80) 62% Pub Serv N J pf (6). 4 46% Pullman Inc (3) 6% Pure Ol1. 8% Purity Bakeries ll) 4 5l ta 350 Radlo Corporation. Radiopf A (3%)... Radio Corp of «B).. 1% Radlo-Keith-Or (k) 187% Raybestos-Man 11). &%, Reminzton : 123 Republic Steel. 39% Republie Steel of.. 21'; Revnolds Metals(1) 12% Reynolds Sp (40¢). . 1 561 Reynolds Tob (3).. 51% 46'; Reynolds Tob B (3). 4 613 Ritter Dental...... “ 29% Royal D(h1.353-10) —_— 46 3815 Safeway Stores (3) 110 106 Sateway Strs pf (6) 112% 110 Safeway Stra pf (1) 14% St Joseph Ld (40c). 13 St L San F of (k) . 12 St Louis Southw'n. 6 Savage Arms.... 23%, Schenley Distillers. 314 Schulte Retatl Strs 4+ Schulte Re Strs pf. Scott Paper (1.10). "% Seahoard AIr L (k). 1% Seaboard A L pf (k) Seab'd Oll(Del)(11) e Corp. Roebuck. u Sec Nat Inv pf (32). ervel Ing......... Sharp & Dpf (333). 7% Shattuck (FG) 25¢c.. 6% Shell Unton Ull. ... 6<% Shell Union Ofl pt.. 812 Stimmons Co. .. Simms Pet rolm(; 2 w3 [ LA E e © S PEL T e 101 18% 8 20 8 15 613 Skelly Oil. ... 17% Snider Packing 1313 Socony-Vac (60c). . g 20 So Por Rico Sug (2) l'(R 132 So Po Ric Sug pf(8) 12% 11% South Cal Ed (134) 14 Southern Pacfic... 10% Southern Railway. 14'x Southern Rwy pf.. 62 Spng Chifnt pf (§1) Withington 33 Spencer Kellog 1.60 8% Sperry Corp (25¢€).. 9'x Spicer Mfg.... . 3314 Spicer Mfg pf (3).. 70% Splegel-May-Stern. 17 Stand Brands (1).. 312 Stand Com Tobacco. DR 4 ll?‘m 5% 9% 11% B1% 33% 101% 674 Stewart-Warner. .. 3% Stone & Webster. ’4 Studebaker (k 118% 115% Sun O1l pt (6) 2% 1% Superior Of1 93 65 Superior Ste 2% 2'% Symington (A ————————— 55 4% Tenn 21% 36% 4% 11 33 Texas Gulf Sul (3).. 3% Tex Pac Coal & Oil.. 814 T'ex Pac Land Trust 15% Thateh Mfg (hzbe). 6 TheFair..... 14 Thompson Products 213 Thompson Starrett, 8% Tide Wat Asso Oil. . 84 Tide WAO pf(j815) 5% Iimken-Detroit. 32% Timken R B (1) 5 Transamerica(2i 274 I'ri-Contl Corp. 36 Trico Prod (2%). 4'% Truax-Traer Coal.. 413 Truscon Steel....,., 18% Twin City R T pt 113 Uten & Co. 45 Union Bag&Pap(4). 44 Union C& C (1.40). 14% Un Ofl of Caitt (1), 96'; Union Pacitic (6) 12% United Aircraft 5% United Air L vte. 2615 241 United Bisc (1.60). 1175113 United Bisc pt (7).. 52% 46 United Carb (2 40). 3 2 United Corporation, 29% 22 United Corp pf (3). 13% 10% United Drug....... 82 71 Unit Dyewood pf(7) 57 United Elec Coal. .. 76 71% United Fruit (3). 127 9% United Gas Imp(1). » 89 Unit Gas 1mp pf (5) 5 4 Unit Plece Dye Wks 24 Unit Piece D W pt 13 US Freiznt (1) 44% U S Gypsum (1). U'S tndus Alcoho! U S Really & Impr. 17% 13'% U S Rubber.......s 42% 33% U S Rubber 1st pf.. | 124'(106'; U S Smeit & R (b9). 40's 34% U S Steel.... 94 3% Univ Ledf'['vf(fi).‘ 1ig Univ Pipe & Had. . . 12 Univ Pipe & Rad pf 1% Utll Pwr & Lt (A). P 1% 16'% Vanadium Corp 11' Van Raalte. 91 VanRaalte 18t pf(1) » Va-Car Chemical... 2z Va-Car Chem 6% pf El & Pwr Df (6). 22 14% 5% 4Ry, 6y 307 40% 107 111 Warner Bros Pic nt 4% Warren Bros ..... 23% Warren Fdy&P (2). 1 Wells Fargo. .. .. 30'; Wessn O&S 1873c¢. 72 WessonU & S pfid) 95 West PeanPw pt(6) 1107 104'; West PennPw of(7) 90 Westingh'se 46'3 Wheeling Steel pf .. 21'% White Rock M 8 (2) 5% Wilson & Co....... 2513 Wilson & Co (A)... 93's Wiicon & Co pf (J7) 51 Woolworth (2.40).. 35 Worth Pumpof A . 75 Wrigl'y(WJr)t3i. 3% Yeflow Truck. 38 VYellow ‘I'Tuck pt.. 18% Young SprWire(1). 16% Youngstown Se& ¥ 4% 42 21 21% 1% Zenith Radio. . 4 Zonite Product Sales of 180,000 400,000 tocks on the Ne R4 % " 50s 118% 118 2 2% 2 1 IUOs 1 3 1108 60s 2 20s 208 2 3 8 8 11 46 01 sUnit of trading iess than 100 shares stock hPal d iast sear—=no reguiar rate 1 stocl dividends ganized mPlus 5% 1In | in'stock Ex d vidend stock nPlus 3% T 2% 1% s York Exchan, T% 345, 3 i e % 4% 20 34% 17 347 85 [ 3 118 2% % 2% 5 20'% 345 4 108, 10 185 512 14% 35% 118 35% 85 4 100 251y 1 363 Kt 100 4 11014 1100 o ble are the a. erly or half-; TPartly extra in Woek + 1Plus | American Safety Razor Up Three Points. % % % BY VICTOR EUBANK, Associated Press Pinancial Writer, NEW YORK, February 21.—Stock market prices exhibited divergent . | trends today in dull trading. Ameri- | can Safety Razor got up some 3 points while Great Western Sugar, American | Sugar Refining, Continental Can and Loew's firmed about a point each Baldwin Locomotive preferred lost & points, and American Locomotive common was off a point. The closing tone was irregular. Transfers approxi- | mated 650,000 shares. The news, both political and eco- nomic, was a little spotty and most stock tradars were inclined to wait for further signs and portents before de | ciding whether last Monday's spurt was a flash-in-the-pan or an indicator of a genuine Spring upturn. ¢ The Baldwin Locomotive stocks had another sinking spell, the preferred llosing 5 points and the common vielded a point or so. American Loco- motive common fell nearly 2, as did U. S. Steel preferred. Union Pacific was off a point and small declines were shown by American Can, Case, U. 8, Steel common, American Tobacco “B,” | Sears-Roebuck, Montgomery Ward ané Pennsylvania. Such bell-wethers as | Consolidated Gas, Westinghouse, Du | Pont, General Electric, General Mo- tors, N. Y. Central and Santa Fe were about where they finished Wednesday. Further unsettlement in the loco- motive group, apparently based on a cloudy earnings situation. did not aid the bullish cause. In addition to tne pressure on Baldwin, some selling of American Locomotive followed pub- lication of the company’s snnual re- port showing 2 larger 1934 net loss than in the previous year. Loew's found friends when the .. | directors of this amusement concerr. | increased the quarterly dividend frem 21, 25 to 50 cents. FOREIGN EXCHANGES. NEW YORK Pebruary 21 (. —Poreist hange steady, ¢ others in cents Portizal, 4 Crechoslovak t n New York, 100 .l Rew York I Montreal. 00.00 2 MONEY MARKET. ‘\E\\ YORK. February v steady: 1 per cent all ime money steady ial paper. 3, ptances unchanged rate. New York Reservi Rediscou ank, per cent 17y Market Averages Compiled by the Associated Press. STOCKS. 60 tndast Rzn< . Net change ""’s"’“ Today. 1 pm. 3 Previous day Month_ago Net change Teday. 1 p.m Previous day el # ¢ 458 400 6 i 28 hi 1011 98.9 10 Low-Yield Bonds. 1y bPayabie ml soeclal oreferred | Aceumuumfl P reor- | 2 | TREASURY SHIFTS FINANCING PLANS New Borrowing Not Ex- pected March 15 as Result of Morgenthau Action. By the Associated Press. Secretary Morgenthau today out- lined a shift in Treasury financing | practices, from which observers drew the inference that the Government plans to borrow no new money on March 15—the next big flmncinmucomi—— date. was comparatively minor and believed to have been prompted by the cheap- ness of money. Morgenthau said the Treasury shortly will offer, for the first time, to sell nine-month bills on a discount basis. Heretofore, paper of longer maturity than six months has been sold at a fixed interest rate. Morgenthau said the usual weekly offerings of $75,- | jul 000,000 in six-month bills will be re- placed by a sale of $50,000,000 in six- month bills and $50,000,000 in nine- month bills. By this method, a total of $325.- 000,000 of new money will be picked up in the next three months, making it unnecessary to float a long-term issue for new money at the next quarterly financing period on March 15. However, it was expected a con- version offering of securities will be made then for maturities of $2,403,- 000,000, consisting of $528,000,000 in 2%, per cent notes and $§1,875,000,000 in called Liberty 4%s. The Treasury now has a cash bal- ance of $2,136,085,773. . METAL MARKET. YORK. February 21 (#.—Col electrolytic, spet and future, Tin' easier; spot and near- fature, 40'80." Tron aulet, " Lend i‘-a y. spot. | By the Assoclated Press. The change in financing methods | Juy SAVANNAH NAVAL STORES. une e 317 paies 10 recelb 92 SHiB: m i 304, 4.00: 0 sales: Chicago Grain CHICAGO, February 21.—Severe wheat values a decided upturn. By the Associated Press. NEW YORK, February 21—Cotlon‘ | dust storms reported late today over a | held within a comparatively narrow | | wide area West and Southwest gave | Fange today. Trading was largely at- | umbuled to further near month liqui- | New York Cotton Wwe Sell Buy Exchange Suite OFFICE FURNITURE AND EQUIPMENT BAUM’S 1416 Eye St. N W. } Desks | | Tables ‘ Chairs } The dust storms drew spectal atten- | dation and evening up of accounts o | Porterhouse Steak, Charcoal Grilleé tion to acute dearth both of surface | the holiday. nnd subsoil moisture in sections of | Liquidation was absorbed by trade | | Western Nebraska and Western Kan- | buying and covering and after selling | (Since 1858) 2, sas, as well as in the Texas and | from 1255 down to 1251 May con- | Oklahoma Panhandles and Eastern | tracts were around 12.53 in the Ilt! Colorado. This signified a total of | trading, with the general market net between 6,000,000 and 7,000,000 acres. | Unchanged to 1 point lower. Wheat closed unsettled, Ys to 1| above yesterday's finish, May, 97’“‘;. corn, 33 off to 13 up: May, 85%a7s: | oats at Y4 decline to % advance, and | provisions unchnnged to a rise of 5. WHEAT- Low. Close. | LIVE] 1.000 - bales: prices 2 e 770 diing. |Bemeer * R0 DO Sel Gove 00 8.10. 16. Chieago Cash Market. Cattle, Cash wheat, sample grade red (musty), 96; No. 2 hard, 1.04': (weevily); No. 4 mixed, 1.0415: corn, old No. 2 yellow, 92292} No. 2 white, 98; new No. 3 yellow, 88!2a89; No. 2 white, 97; oats, No. 2 white, 56a57; rye and buckwheat, no sales. | & Soybeans, No. 2 yellow, 1.22; barley, 75a1.20; timothy seed, 16.75a18.00 cwt. clover seed, 15.50a20.75 cwt. rain LIVERPOOL February 71 i —Wheat futures closed steady. March Clou Prev Close. Im“ exclude | ealers, s DOLLAR GOES HIGHER IN LONDON DEALINGS By the Associated Press. LONDON, Pebrimry 21.—The | United States dollar gained 5-16 cent to the pound toda; closing at 4.883-16 to the pound, as compared with yesterday's close of 4.8812. The was at 4.88%. ‘The French franc closed at 73.75 to the pourid, as compared with yes- terday’s close of 73.87. PARIS, February 21 (#)—Three cent rentes, 82 francs, :’bnfln- pounds, good m» 50 |he lolmlu 9154 000 cutter and cutter. American nil: points higher. strict sot unds _7.50a8.35: 160-140 pounds 6.00a | 00: fed steers | ket active at t_.arn. day's decline on all classes. ;-e' high for sfi'wnx 5%, 804 Sholee, 0D Lifoe. Sheep. 10.000. Fat lambs o enerally asking fully st e_delayed by wea Sheep 5.000 5,000. calves, to " Sharing advance. which regained Mon- 3.008 ed). ‘good (beef). cutter, common and medium. T40: | nary, 00d_or Putures closed_autet and st May. 6.83: July. 6 5:65; Decoinber 664 January,’ 6.64. 21 direct: Liverpool Quotations. RPOOL. February. 21 (# —Cotton, quiet: Quotations spot dy: CHICAGO LIVE STOCK. CHICAGO. February sntu Department of Agriculture).—Hogs. including slow 5-10 mwu shan Wednesday, above 21 nds. 2] higher. ‘March: October. (United market ts Mar- | 1107 Connecticut Avenue DIRECTORY COMMODITY BROKERS COTTON Member N Y. Cotton txch-nn Laidlaw & Co 1. 2258 e o0 GRAIN Members Chicago Board of Trade Harriman & Keech NA. 1600 Laidlaw & Co DL 2255 Westheimer & Co NA. 5500 e o o RUBBER—HIDES METALS—SILK Members Commodity Exchange. Ine, Harriman & Keech 600 Laidlaw & Co DI 2-55 Westheimer & NA 5500 EXTRA! in next Sundoy's All T 51\0., 00 3.50a5.2: ui 5. pent lowe: d l&dlnl llmhl mllz bs held dovn on feeding common _and medium, mbs: hoice. R.00aK 85 lat l.‘mbl oice. 7. 75.01 changes unds. and cl o P hts S oammon ahd medlum 3 0; " feeding lambs. 00d and choice, 6.2587. LONDON BANK mon'r \. February 21 m_'rn:I weekly lltJ 720000 clr- 685,000 Total reserve increi culation dn:uued» 1. reserve. ernment m!lflu!l decre: 167,000 Sropoti K © st "f 8 4058 s m..f:" - ""m ‘Rata ‘ol disoount. 2 per cenk. A mbs. o - THIS wfil( e niw Colbgnavune masaz Qur carrier will give you mm‘l- ate service when you phone NA. 5000. Evening and Sunday Star .. Sunday Star. . .Sc per copy Night Final and Sunday Star ceveviveees.70cpermey A &«