Evening Star Newspaper, February 23, 1935, Page 14

—14 ** NCIAL THE EVENING STKR! W HINGTON‘! D. 'O! 'SITURD‘A'Y! FTEBRUARY 23, 1935. : PINANCIAL LOANS INCREASED TRANSACTIONS ON THE NEW YORK STOCK EXCHANGESI[][;KS[N[]W[[K private wire direct to The Prev. xosl Ll hw usl Net an 1935 By High. vund m 00- High, Low. Close. Chee. | High. nmmu Rat . . High. Low Divldlnfl Rate. AM 00. High. u' Close Clll. Prev. 1035 Stock and l"“— et | "7y ms Duplan 8ilk u')'.' 16 15 156 —%| 4% m Nat Dept Store (k). 79% 70% Spiegel-May-Stern. 8 13% 17T0% Dividend Rate 464 00.Hugh, Low. Close C18% | 96,0 9934 Du Pont de N (140). 14 85 4% 34 —116| 4% 21% Nat Upst ist prO0. 1208 265 19% 17 Stand Brands (1)... 21 17% 1% e 120 126% Du Pontdeb (6).... 5128 128 128 29% 24% Nat Distillers (50c) 45 2T% 21 21 4% 8% Stand Com Tobacco 2 3% SS\I 29% Adams Millis 168% 1456 ) . 4% 3 Stand Gas & Elec... 4 3% 10% 8 Addressograph. 1 ’ "% 8 6% Eastern Roll Mills.. 1 6% 6% 6% — % % 5% Ni L 16 9 StandG&E$Tpf... 1 10% . 5% Advance Rumle 1 128% 110% Eastman Kod (5)... 8121 120 120 ~1% % 46% 32% 29% Stand Oll of Cal(1). 1 31% 6% Affiliated Prod (80c) 10 7% T4 T4 2 ) . Gov. Myers Reports Rise of 1100 10031 A1r ST 2ug n3 : 147 141 Eastm'n Kodpf (6). 108 147 147 147 u‘m 111 Stand Ofl Exp pf(5) 1 113% 113& Rails, Steels and Number of 20% 16% Eaton Mfg (1).. 19% 19 19 —%| 1% 1 23% Stand Ofl of Ind (1). 24% 1% 1% Air-Way Elec Appl. LA :% Em?::tonfsch)fld- 1. 8 6 s 28% 22% Nelsner Brox(11%). % E e pecm NI Industrials Ease—Util ities Improve. g i i 204 16% Alaska Jun (11.20).. 7 1T% 17% 17% — %| o9" o9 » " . . % Electric Auto Lite.. 26% 24% 24% —1%| 49% 43'% Newberry(J J) 1.60. 58% Sterling Prod (3.80) 45 Per Cent in 1934 in T 1% Alleg Corp () 3t B 1085 107 Eleo Auto Litept 1. 108% 108% 108% Uz 108 Newberry GIpt) 208 112 % Stewart-Warner ... Vol 23 '21A Allegheny St! '(1)- . 800 186% -l% 4% Electric Boat...... 4 %| 28% 24% N Y Airbrake....... % 4 5 3% Stone & Webster. Total Volume. 132% Allied Chem (6) o 7% Elec & Mus Ind. 'm 15% N Y Central RR..... % % Studebaker (k) 17% 15% Allis-Chalmers. 20 17 16% 16% 234 Elec Pwr & Lig] 8% N Y Chicago & St adshakas or 5% Elec Pwr&Lt $6 pf.. 1TANYChi&StLpf.. 17 -4 184 Superior Oil. . . 614 Elec Pwr&Lt $7 pf. 6% N YN H & Hartford 46 6V 5% —1% 6% Superior Steel . .. 45 Elec Stor Bat (2%). 9% NYNH&Hartpf. 13 % 8 —1% 214 Symington (A) 52% Endicott-John (3).. 11 N Y Shipbldg (40c). 2 10% — % 2 Engineers Pub Svc. 80 N Y Steam pf (6).. 108 B — 3% 4% Tennessee Corp 14% Eng P S $5.50 pf ww 90 N Y Steam 1st (7).. b0s 95 +4 19 TexasCorp (1)..... 5 Equit Office Bldg. .. 8 & b 30% Noranda Mines (h2) 6 33 Texas Gulf _ il (2). 176 167% Norfolk & W (110). 1 167'5. —1% 3% Tex Pac Coal & Oil. 13% Erie RR 1st pf ... 3 North Am Aviation., 22 2% — % 8% Tex Pac Land Trust 19 Evans Auto P (500). 13% 10% North Am Co (1). 28 11+ % 6 The Fair 3% Exchange Buffet. 42% 37% North Am Co pf (3). 38 + % % 14 Thompson Products 21% 16% Northern Pacific.... 7 4 16% ~ % 2% Thompson Starrett. 2% 1% Norwalk Tire&Rub. 1% 8% Tide Wat Asso Oil., 5 84 Tide WAO pf (j812) 71% Fairbanks-Mrs pf. 10% 9% Ohio Ofl (hd5c).. ... 10% — %| 7% 5% Timken-Detroit. ... 48 Fed Lt& Trpf (6).. 4% 3% Oliver Farm Equip. N 3% - % %, 32% Timken R B (1).... 30% Fid Ph F Ins(11.35) 3 26% 20 Oliver FprpfA.... ' 20 4 5 Transamerica (23c) 15% Firestone (40c).... 3 h 5% 4 Omnibus Corp... 2 6% Transue & Williams 917% Firestone pf A (6).. 9 'I% 6% Oppenheim Collins.. 7 75 Tri-Contl C pf (6).. 473% First Nat Strs(234). 15% 133 Otis Elevator (60c). y 36 Trico Prod (234) ... 20% Food Mach (a25c).. 25 26 109 106 Otis Elev pf (6).... s 109 % 4% Truax-Tra Coal ... 13 Foster-Wheeler T% 5 Otis Steel. 6 g=5 4% Truscon Steel. . 7% Foundatien Co. o 46 22% Ois Steel pr pf 18% Twin City R T pf = reheleaaiiE 3 Amal Lulher..” si%- !‘/; : 481% Amerada Corp ( = BYEDWARD e s i 47%5 Am Ag Chem Del (2) 66 56% — % Volume of business of the 12 Fed- 13% Am Bank Note..... 17 —-% eral intermediate credit banks in- 43 Am Bank N pf (3).. 50% —1% creased 45 per cent in 1934 compared % 25% Am Brake Shoe 80c. 3 2 26! with 1933, according to a statement 110 AmCan (15)....... & v 16% Am Car & Foundry. 6 15 -1% issued here today by W. I. Myers, 36 i % o governor of the Farm Credit Admin- B Amcan &Rttt =t istration. Total credit extended to 96 A SRR = financing institutions and co-oper- 6% Am c'rysm s“‘“”’ ative associations in 193¢ amounted 4 57% Am Crystal Sug pf. tfi‘;ss;_?g.z‘xgsisagsa, compared with $278,-| '3 2" Am Ensaustic.© 5 g Am & Foreign Pw Of the total volume of credit ex- 17 Am & For Pw pf (7) tended during the year $124,948,535, 20% Am Hide & Leath pf or about 31 per cent, represented pa- % 31 AmIceCo...... per_discounted for privately capital- 2874 Am Ice Co pf (6). ized commercial banks, agricultural 5% Am International... credit corporations and live stock loan 2% Am La Fran pf (k). 4 147 Am Locomotivi companies; $113,434,69¢, or about 28 4 Ve of per cent, represented notes discounted e ;g :: l,;‘,‘l‘;“’::,)’, ugcif for the regional agricultural credit YUtk A St corporations; $110,133,809, or 27 Per | baw 4 Am News (1% cent, loans and discounts for produc- % 2% Am Power & Light. tion credit associations, and $57.368,- 10% Am P&L $5 pf (1%) 516, or 14 per cent, loans to farmers’ 4 12% Am P&L $6 pf (172) co-operative marketing and purchas- y Am Radiator ing associations. ~ Am Radiator pf (7). Although $113,434,699 was advanced 19% Am solllng Mills. .. by the banks to the regional agricul- g; Am ;:{'gfl“'(’z")"“) tural credit corporations during 1934, e P" &‘n“ a substantial part of the discounts 103 Am S&R 6% pf (13)s consisted of paper which the corpo- % 10 A “medry 2 rations previously had rediscounted | g2 88 Am Stl Fdry pf (2). with the Reconstruction Finance 37% Am Stores (121)... Corp. This indebtedness has been 1, 60 Am Sug (2). Teduced by repavments aggregating 102% Am Tel & Te $37,255,431 in 1933 and $112,976.122 773% Am Tobacco (5) - BY VICTOR EUBANK, Associated Press Pinancial Writer. NEW YORK, February 23.—The stock market skies were overcast to- day despite improved tendencies exhi- bited by the recently battered utili- ties. The rails, steels and scattered industrials pointed downward. A few specialties advanced on small trans- fers. The close was a bit heavy. The turnover approximated 670,000 shares. While Wall Street’s prophets were inclined to expect some sort of a tem- porary rally because of the better technical position of the equities list, few traders backed up this opinion with long commitments. In addition to the indefinite character of most of the news, the usual week end selling helped to depress leading stock fa- 22% Fourth Nat In h 90% 83% Owens-I11 Glass (0) 5 vorms i . 9 Fox Film (A). 4 4 1% Ulen'& Co. . : 85% Franklin Simon 108 3 23% 21 Pacific Lighting (3) i e boncs and I 20% Freeport-Texas (1). _ 4 21 15 Pacific Mills (hioc). ! 44 UnionC&C ¢ o e 8% Fuller Co 2d pf..... 10s 85 . 7215 70 Pacific Tel & Tel (6) 7 14% Un Oil of Cal (1) s were in de- 4% Packard Motor. ..., : 96% Un Pacific (6). g':ggrfl:i hlgflm levels, but1 mflndllry 8 Gamewell Co... . 40s 3% Par-Publix ctfs (k) ation loans were In supply. 6% Gen Am Investors.. 2 7 214 Park Utah 6 27 2 12% United Aircraft Shares off around 2 points each in- 85% Gen Am Trans(1%). " 35% 7% Parmelee Transport y 5% United Air L vt cluded United States Steel common 16% Gen Asphalt. .. 15% 15% $ 1 Pathe Exchange. ... 9 815 United Am Bosch and preferred, Eethlehem, Johns- ;% Gen Baking (60c) gi 2’& 13% Pathe Exxchnngeh\) 7 %!. ::nilrg ?Ixr;’il.go‘)“. o Manville, Dominion Stores, Baldwin Gen Bronze. . “ 10 Patino Mines Cnited Carbon 2.40. Locomotivi 1 5 Gen Cable (A). 5 643; Penick & Ford (3).. 2 3~ 2 United Corp Snltiag “'A,t’.:“fl‘;’;;*‘",,o‘c’;‘,‘.,‘fii’wf“.'.,‘; lau, 127% Gen Cigar pf (7). 30s 13: 132 132 +5% 64% Penney (J C) h1 40. 3 K 22 United Corp pf (3).. Santa Fe. Among others down a 20% Gen Electric (60c).. 98 23% 227 22% — % 5 18% Penn Dixie Cpf (A) i 2 10% United Drug 5 1 DOt ok s e MUttt Beoult 11% 11 Gen Elspec 60 3 113-32113-32 11 382 20 PennRR(1).... 4 | 70 Unit Dyewood pf(7) American Rolling Mill, Deere, Du Pont, 86% 32% Gen Foods (1.80)... 5 354 35W 354 + % 30 Peoples Drug 3 3 4 5% United Elec Coal... * | Westinghouse. Se;ars lRoebuc‘k Good' % _ % Gen Gas & EI (A) 5 % % % uz 110% Peoples DS pf 61 2 2 .| 774 71% United Fruit (3)... s 3 R 3 e 7 Gen Mills (3) . 2 6415 641 641 + %| 23% 19% Peoples Gas Chi. ... 9% United Gas Imp (1) | year, Union Pacific, New York Central, Sen Motors (1) 136 30% 30 30 — %| 9% 8 Petrol Corp (hi0c). ¢ 8% — X 5% 4 UnitedPce DW.... 4 4 American Smelting and Western Union. us 107'4 Gen Motors pf (5).. 3 112% 111% 112% + % | 16% 13% Phelps Dodge(h75c) | 33 22% United Pce D W pf. A gain of 5 points was registered by 8% Gen Outdoors Adv.. 2 3% 3% 3% 28% 26 Phila Co $6 pf (3).. 25 13 USFreight (1).... American Crystal Sugar on a few 17% Gen Print Ink (11). 120s 22y 224 4% 3% Phila& Read C & 1. 3 5 S Gypsum (1 transfers, and Consolidated Gas, North 93% Gen Print Ink pf(6) 10s 98% 9814 46% 38 Philip Morris (1)... 3 ypsum pf.(7). ¢ | American and American Water Works 15 Gen Public Service . 2! 4 1% 16 14% Phillips Petrol (1). 4 E Indus Alcohol.. were up ‘ractionally. 80 Gen Ry Signal pf(6) 10s 1% % Plerce-Arrow (k). .. % 1| 9 eather (A)... | " The slightly better tone in evidence 1% Gen Realty & Util.. 11 83% 31% Pillsbury Flour 1.60 | among power and light company issues 16% Gen Refractorie: 1 3: 2?'. P’xm Screl\\'&;Boll.. o 6% 6 » A 18 :u-fl:y & Impr. was attributed partly to the ruling of 1634 Gen Refre cctf. 10 1 Pitts Steel pf. . % % | 3 S Rubber........ 3 21\,1‘.:: st :::fm: 10s 371 30% Pitts United C pf ¢ 3, 3 7S Rubber 15t pf.. 3 3 | & Federal District Court in Alabama 8% Th Plymouth O (g75c). 2 2 US Smelt & R (h9). :lmldmz‘}h]:;u G o{hlhe Ten- 11% 9 Poor&Co(B)..... 2 | 40w 3en U 3 2 g | nessee Valley Authority with private % 23% Glidden Co (1.30).. 4% 3 Porto Ric Am Tob A | ! 3 7 | utilities was illegal 108 104% Glidden Co pr pf (7) 10- 1% 1 Porto R Am Tob B.. j S 2 | The drop in the steel group was not %« 3% Gobel (Adolf)...... 2 4 4 165 13% Postal Tel & Ca pf.. 2 5 %, entirely accounted for by fears that 15% Gold Dust (1.20). 6 17% s 2 Pressed Stl Car (k). 4 4 131 .‘! niv }:l‘flf T'nfr;s, mill operations will decline appre- 91 Goodrich (BF).... 10 10% 10% Pressed St1 C pf (k) {2 % Univ Pipe & Ra H : 2 ciably over the next few months and 45 Goodrich (BF) pf.. 5115 e 42% Proc & Gamb (1%3). " Y% 1% Util Pwr & Lt (A).. 2 that higher costs of production will 21 Goodyear T&R.... 15 21% 20% 20% 117v 115 Proc & Gam pf (5). prevent most of the larger corpora- L GaodySare >ub § A 2 2 Vadsco Sales Corp. A A 4 i 84% Goodyear $7 pf (4). 8 27% 20% Pub Ser J (2.80) 4 Vadsco 2 Pee tions from showing the desired net 4% Gotham Silk Ho: 93 88% Pub Serv N J pf (7) 21% 164 Vanadium Corp. ... 1 | profits 2% Graham-Paige. ) ¢ 5 52% 46% Pullman Inc (3).... 3 3% 11% Van Raalte. . ¢ 3 5 &% Granby Consol. A — 3 % 8% Purity Bakeries (1) 9 sy| 931, 91 Van Raalte 1stpf7. 3 92 93 o lwesof he Sl spnatently 31 Grand Union. | 34% Vick Chem (2 g 5% 5 5% ound little cheer in the statement of 19% Grand Union pf 1%, # 4% Radio Corporation. . ; % 3% Va-Car Chemical A Chairman Jones of the Reconstruc- 30 Grant (WT)(1).... 51% Radio Corp pf A 314 : | 2T% 20% Va-Car Chem 6% pf 2 Yfln Fmdzmt ?grp- that only desefi\'; 12% Great Northern pf.. . s 351 Radio Corp pf (B).. | 72'3 Va E1 & Pwr pf (6). ng roads could expect to be balle 101 Great Nor Ore (50c) . 1% Radio-Keith-Or (k). 18 cut by his organization. 26% Grt West Sug (2.40) b 187 Raybestos-Man (1). : 31 27% Walgreen Co (m1).. 1 293 29%; — 1| The retreat of National Biscuit and usu, 119 Grt West Sug pf(7). 35 Reading (2) 4 3 | 15 114& \\a!uwnp!(b’x) 2 6 115 Dominion Stores stocks was coinci- 2% 1 Guantanamo Sugar. 2 8% Remington-Rand... e 3' 2% Walworth Co. 6 g dent with the rather disappointing T ST T oS } '1;: fiem;;uogl;onc-l:rm »t : «‘F :‘\::kll E:)‘:':E :13: . | earnings statements of these com- e 4 Hahn e €0 r vesee 0 . & L anies. i 63% 55 Hahn Dpt Stores pf. 12% Republic Steel.. ... ; | e ner Bros Pic. : ey T Moout conper) dleclosed 20 16% Harb Walker (50c). “ 39% Republic Steel pf... ¥ ner Bros Pic pf 1034, et 211 in the 7 5% Hat Corp (A)...... 21% Reynolds Metals1). : 1% rner-Quinlan. ... . compared with $2.11 in the pre- 864 81 Hat Cpfww (6%).. A " 56t Revnolds Tob (3).. i Warren Bros....... 3 4% oeciug st Duminion Stgres sutiied 94 85 Hazel Atlas Gl (5).. 5 5+ 463 Reynolds Tob B (3) LW 3 6l 8 | 6 cents last year against $1.20 in 1933. 107 104 Hershey Cpf (15).. 23 Roan Antelope Ltd. 5 s &S Dt (4). 11 9% Holland & Son (50c) 3 9% 9 9 45 West Pa Elec pf (6) 9% 7% Houdaille-Hersh B, , 46 3813 Safeway Stores(3). 2 e : 01 521 West J;u I-I)lec pf (7} 30s 5214 43 Howe Sound (3).... X i| 110 106 Safeway Strspf (6) 7 7 93 West Pa Pw pf (6). 0" 1 12% 8% Hudson Motor Car... 178 14% St Joseph Ld (40c). 5 % % T% Western Maryland. 3% 21 Hupp Motors....... 2% 2 1% StLSanFran (k).. vestern Md 2d pf.. z ———— 1% St L San Frpf (k).. Veste i 2 23, | We Will Make First Trust 17% 12 Tilinois Central.... 12 StL Southw'n..... 3 > - 8 " 3 Construction Loans on 52 Tll Cent lsd lines(4) 51 4 6 Savage Arms : X C .- Residential Properties 30% Indus Rayon (1.68). 31% 31% 23% Schenley Distillers. il : 3 [ A lieati 65 Ingersoll-Rand (2). oo s| L4 2, Schulte Retail Strs 3 a3 s e Elec.. 1 3 3 rlumnl ction on Application 507% Inland Steel (1).... % Schulte Re Strs pf. . 5 . s 2% Inspiration Copper. 3. i3 Wbl AL B, T ‘heeli e Rea Estate g""l‘!fi and 12% Interboro Rp Tr(k). 14% 1 Seaboard A L pf(k). : Wheeling Steel pf.. 3 56 ulrapty orporation 2% Intercontl Rubber. . 2% % 21 Seab'd Oil(Del)(t1) 5 ilson & Co....... 5% 5 | 1610 K St. N.W 515 Interlake Iron..... % 5% 5 4 33 Sears Roebuck | 25 ilson & Co (4)... 4 Int Agriculture 4 -% % 7% Servel Inc. % 83 % 104 2 Wilson & Co pf (37) [ - 3 E-T T TSR ISTREE YR I Y3 - - S & P I % eoon iRt ma +1 4 in 1934, leaving $38,650.661 under dis- 3 7:"‘4 -}"‘ :l'r““fl“‘i;‘:lfi ii)’ count at the close of 1934. The paid- 2 gAmLype BETAAR)e in capital of the 12 corporations K 12‘- Am ;F:\ pe Fdrs pf (k) amounts to $44,500,000. Five of these gl ot (‘GI)L corporations have repaid rediscounts D el I X 3 . % Am Woolen. with the intermediate credit banks. 37 Am Woolen pf Outstanding loans and discounts of %, 1% Am Writ Paper (K). the intermediate credit banks at the 4 4% Am Writ Pap pf (k) end of 1934 totaled $189,316,609, com- 3 3% Am Zinc & Lead. . pared with $149,462,951 at December % 10 Anaconda Copper... L) 5 3 PREFEERFE FF i1t 1ae d [EEREEANEAE of 1934 $61024,482, or about 32 per| 10712103 Anchor Cap pf(63) § 1051, 105t cent, represented production credit 3 oy, arcier-Dan i 41 . association loans and discounts; $38,- gg:?‘ o D’.e“;f (‘l) 106% 105"‘ 3 650,661, or 20 per cent, discounts for 6 AToEL T BE e e folihd regional agricultural credit COrpO- | 'gu. g5 Arneld Conotaple. . rations; $55,672,295, or about 30 per 3 913 Asso Dry Goods. . .. cont“ cre_dit extended to other financ- 873 Asso D G 1st pf(j3). ing institutions, and $33969,171, or 413, Atch To&S F (h2).. 18 per cent, loans to co-operative 75% Atch To&S F pf (3). marketing and purchasing associ-| 3 3;. ‘:l{amlc (}‘{os{sl Line. ations, 4 Atlantic Ref (1). During the past year the discount | 37'% Atlas !:ov\der(") 5 rate of the intermediate credit banks ‘09 1064 Atlas Powder pf (6) - 3 i - uburn Auto. has been the lowest in the history of S amiare Al these institutions. The ready demand f}olr ihort»texm investments enabled the banks to lower their debenture % 3% v rates from 2!5 to 2 and then to 13 zg;. 1 B tf:?.‘:',;r per cent during the last six months| 15 9% Baltimore & Ohio. .. of the year. As a result, the interest | 177% 13 Baltimore & Ohio pf charged discounting institutions and| 102 100% Bamberger pf (6 co-operative associations was lowered 7 6 Barnsdall Corp. to 2 per cent, substantially reducing % 164 Beatrice Creamery. the cost of short-term money to| 13% 12% Belding-Hem (h50c) farmers. | 1712 141 Bendix Aviation. ... 5 ial Loan 115, Forecast Hints at “Boom.” B b e Recovery sums up in a single word 68 Bethlehem Stl pf. the 1935 outlook as Brookmire sees it. 4 18% Bigelow-San Corp This recovery should be based upon " 10% Blaw-Knox. the vigorous growth of national in- LIS Blogmingda come, already under way; the liberal . g @ Bact Aleplens. 53 Bohn Alum&Br (3). Federal spending, the expansion of % 231 Borden Co (1.60). bank credits and the potential de- 281, Borg Wi Y 5 4 Borg Warner (11 ) mand for goods and commodities 51 Boston & Maine. arising out of the long-deferred needs 24 Briggs Mfg (2). of consumers. 3 2314 Briggs&Straton (2) Progress of recovery is already il-| 3 3315 Bristol-Myers 12.40. lustrated by the 1934 new high rec- 36% Bklyn-Mar T(h11) ords in the sale of cigarettes, radios, 90 Bklyn-Man T pf (6) gasoline, electric _refrigerators. elec- 48 Bklyn Union Gas(5) tricity for domestic use and in the L5 Bucyrus Krle demand for Diesel engines. Physical| 13 ~10% BucyrusErie cv pf. & : i 4 4 Budd (EG) Mfg.... volume of trade is expanding 1n sev- 26 Budd (EG) Mfg pf. LT 5 Int-Carriers Lt i B4 B 9% Sharon Steel Hoop % 51 Woolworth (2.40).. 261 Int Cement (h250) .. % 26% —1% - ! 16% Worthington S 18 37% Int Harvester (60c) 3 38% —1% K(F G o 8 | s 35 Worth Pump p: W 3 7 | 2 Int Hydro Elec (A). 0 2% 6% Shell Union Oil | 52 46 Wright Aero.. 0 i 2% Int Merch Marine.... 2% -% 6% Shell Unfon Ofl pf. s 5 Wrigley(Win)13%.. 2 22 Int Nick Can (60¢). 23% = %| 104 8% SimmonsCo....... ul s . " 2RI Baper & By (A} 2 2 18% 15 Simms Petrol (1) y % Yale & Tow 2 221 % Int Paper & Pw (B) - %| 34% 28% Sloss-Sheffield pf. %l Cellow 3 e 7% Int Paper & Pw pf.. " =1 | 20 17% Snider Packing.... . 208 % 213% Int Print Ink (1)... P 4% 137 Socony-Vac (600). . : i 6 17% ‘1% 981 Int Print Ink pf (6). 10s 100% 100% 1008 + % 25" 20 Sou Por RicoSug(2) 4 AT 44 Int Shoe (2).. g 4 4 . 5 : 1 Sis o . 8% Int Tel & Tei. 4 k) ToE e st O B o e 100 AM... 230,000 12:00 Noon.. i PREVAILING 125 10 Interstate Dept Sirs 4 3 ) thern Railway. . ivi ates as ! are the anaus 115 110 Island Creek pf (6). 20s AL A0N Con e A e the ‘atest “auarierty 'or Baitvearty | RATES OF & .l : ; SURIt of trading less than 100 shares. tPartly extrs Pl 57% 48% Johns-Manville..... 18 8% % 3 ;::::ir\:(gl?;:‘;%g 1 : fz&x"‘ e'P‘f'-mfln‘ u'fi' o '-'z'o’é?m' R e e | — 125 121 Johns-Manv pf (7). 208 120 ¢| “ow ‘8% Sperry Corp (350).. 2 | s 4% i o R TR 73 56% Jones&Laugh 7%pf, 10s 61% 11% 9% Spicer Mfg. . .... 4 dlvmnal Icumnln(e! revonod in receivership or being reor- PROMPT ACTION - 40% 33% Spicer Mfe of (3. T 374 874 4 1| SN WEILS 8% in stock PIus 8% in stock OPlus 2% i 3o 3w eral countries, gold reserves are in- ; creasing and international trade is re- i l:‘;h 23;’,‘;,‘,‘, };el covering. & ‘Brookmire expectations, based upon e past economic and political experi- 1% Bush Terminal (k). ence, are that the general revival 67% Bush Term deb (k). should soon gain speed and later be- 22»; 14% Bush Tr Bldg pf ct. come a boom. This is what usually 1% Butte Copper & Zinc happens at the final exit from pro- 1*. 114 Butterick Co....... tracted depressions; and it is more| 20% 15% Byers (AM)... than ever likely this time because of = = the administration’s swing to the| 42% 36% California Pkg(1%) right, of the consequent growth of | 1% % CallahanZinc.. business confidence and of our huge 3 c;a umet e Hecia 3 ‘ampbell-Wyant... excess reserves, the Brookmire Quar- 6% 127% Canada Dry G A (1) terly says. % 11% Canadian Pacific. .. Rediscounts Lower in 1934. 51% Case (J I) Co...... A comparison of the figures in the 361 Caterpillar Trac(1). Federal Reserve Bank of Richmond's : 222" ((:E{a{’“'cc"(‘;(p‘“ - statement of condition for January o i cates C‘;“c'('k) ! 15 this year with corresponding fig- s 22% Cent Aguire (1%) 2 ures a year ago shows that some| 47 38x Cerro de Pasco (2).. marked changes occurred during ¢ 5% Certain-teed Prod. 1934. Rediscounts for member banks 4 271 Certain-teed P pf. declined by $3,762,000 during the 403, Ches & Ohio (2.80 year, or approximately 95 per cent. 44% 38 Chesap Corp (3)... On the other hand, holdings of 4 3% ChiGrt West pf.... Government securities rose by $25,- 3% Chi Mil St P & P pf. 000,000 during the year, and the bank 4 4% Chi & Northwestrn. had advances to industry outstanding 8 Chi& Northwest pf, on January 15, 1935 amounting to % 5% Chi Pneumatic Tool. $1,695,000. These changes resulted in 22 Chi Pneu Tool pf. & net rise of $19,342,000 in earnin; 14ChiRI&P (K)..... assets during the year under i 2% Chi R 1&P 6% pf (k) 10 Chi Yellow Cab (1). . Circulation of Federal Reserve notes 261 Chickasha C O (2) rose $6,846,000 during the year, but i Federal Reserve bank notes tofaling | 1o 19" Gt cooper . "0 $4,518,000 in circulation at the mid- 15 35% Chrysler Corp (1) .a i 87% —1% dle of January, 1934, were retired be- 4 20 City Ice & Fuel (2). 21% fore the corresponding date this year. 4 % City Stores (K)....e 1 1 1 Member bank reserve deposits rose 18 Clark Equip (80c).. 14 +1 by $34,685,000 during the year, add- 24% Cluett Peabody (1). 27% + % ing further to reserves which were 16% Colgate-P-P (50c).. 16% — % already in excess of legal require- % 12% Collins & Aikman. .. 12% —- % . ments. Cash reserves of the Federal 4% Colo F““‘”W"‘;" ot Reserve Bank of Richmond rose by : lg Solo& s:“]g’ ot H4 g"' o) $12,175,000 between January 15 la:t L e A vear and this, but the ratio of re-| 1" 3y, CClum Pic vtc (m1) 35 ¥ serves to note and deposit liabilities 67 Columb Carbon (4). 5% —1% combined declined by 5.03 points. 473 39% Comcl Credit (2)... 16 46% 45% 45% —1% Investors in Safer Status. 112 lgg% Comc: g ludt ré()@(;&)) égl uB‘l% 1 llll +1 “The investor is in a better posi- k6 Comel Orel S S 62% 56% Comel Inv Tr(t2%) 60% — % tion now than he was in 1929, for 19% Comel Solv (80c) two reasons,” said Ralph T. Crme: 1 Comwlth & South. .. president of the Investment Bankers’ 99% Comwlith & S pf (6). bA.ssokcmunn of America, addressing sm CondelNa.lC E\(nl:.s . ‘ bankers. 1% Congoleum-N(1.60). “First, we have passed from de- 34% Conn Ry & Lt (4%). structive to constructive reform. The 5% Consol Film........ investor can now appraise the situa- 19 Consol Film pf (§2). tion and ascertain what he has gained 15% Consol Gas N Y (1)., in all the striving of the last few 72% Consol Gas pf (5).. % 7% Consol Oil (h42c)..s zfli :& correct past errors and mal: 2 Consel RR Cubarats “Second, In the investment bankers’ e R code and in the amended securities 4 Container Corp (B). act we have set up a machine that 6% 5% Contl Baking (A)... 6 5% 5% aids and encourages balanced invest- 62% Contl Can (2.40) 1% — % ment, that enables an investor to de- 7 Contl Diamond Fib. 8 8 8 - 3% termine a sound program regardless 30 Contl Insur (11.35)s & 32 -% 33 Maytag pf ww (3).. of styles in securities or the over- % Contl Motors....... 1% 84% Maytag 1st pf (6)... 208 enthusiasm or pessimism of public 163 Contl_O Del (h50¢). 178% — % 41 Melville Shoe(12%) optice e &2 Corn Prod Ref (3. & el e o e e e 153 14y Corn Prod pt (0. 1%. lsg% 154 108 -u“ 2454 Mesta Mach (1) ot: . lami Copper...... O e T 35% Cream of Wht f2%. - 3 o 3om— 3 11 Mid-Cont Pet(h50¢) is satisfied that W 12% Crosley Radio. . 10% Midland Steel Prod. wants. 23% Crown C & S (1) 58 Minn-Hon R (13%). Railroad Earnings Lower. 20% Crucible Steel “ fi::} fl{:m G NEW YORK BAR SILVER. The Norfolk & Western Railway NEW YORK, February 23 (#).—Bar has issued a detailed report for year 2 Phoenix ( % % ended December ?11,”1934fie ?f“fi"n‘ bord L3 Monawn C e s m oy f silver steady, % higher at 55%. balance sheet as of December 3 41" Cudahy Pig (33%4).- 25% Montgomery Ward. % 08 Secustt "’5;.!' 3 We understand shows total assets of $551,976,683, 18 Curtis Publishing % % Mother Lode... % | FEDERAL LAND BANKS %'94 " Sy 31 "3 the Molders of such certificates comparing with $552,558,733 on De- 23 Curtiss Wright..... 28% : wad: qf wnm- Did @, 110% ... post will recetve Instructions relative cember 31, 1933, and profit and loss 7% Curtiss Wright (A). 8% B84 'Demlum- e ?.f“z'fi'-"um surplus of $153,759,322 against $156,~ 17% Cutler Hammer.... 1 9 "\ll"n.g:l- !mxf k. MARKETS. SRLTe. 24% Deere & Co. ¥ - s: .)‘l“"?;'m)?én 30 1956-36. 103 FOREIGN i Net income for year 1934, of $20,- 3 Daere . ; ye! By the Assoclated Press. 280,181 after taxes and charges, is 19 PesrelCopr Gitc)- 15 Nash Motors (1) PARIS.After s heavy opening, prices MAYFLOWERTE'S'.I‘EL = > elaware lson [0 e s the same as reported in preliminary 14 Del Lack & West. 15 20 NashvChat&StL. g8,the Boyrse recove: red, under m.u;‘ CORPORATION zmumedx}:,‘ dequll ::u:l ;71‘:“ ?hl:t pre- 34% Dome Mines (13%). 38% 5% Nat Acme Co. Pr 'u;n" closing Was '";.‘;’n » ferred ends .76 a share on 10% Dominion Strs(1.20) 9% ‘ 1,406,483 shares of gommon stock.| 24% 20% Dodgias Alrcraft. ""’"‘"‘"“' K s Dated Washington. D. C. *° The ¢ business aga Wi 'This compares with=$22,301,140, er. 14% Dresser ¥fg A h1 as February 19. 1935. $15.20 & common share 1o 1633 3% Dunbill S eI SHME aSon 7% KaufmannDeptS40c 1 8% 8% 15% Kayser(J)& Co 50c. 5 - ing T.(0, 1 i FLOYD E. DAVIS CO. B Rely Sy Tire skl 1 INVESTMENT TRUSTS New York Cotton | | Washington Exchange Realtor 15% Kelvinator (+70c). . o Y % 16 K‘:n‘necaté clEIoL 16 len lew AR ot A A e R MA- G 29% Kinney ( 0 p! . 7 : 42 Kresge Dept Strspt 208 3o v the Associated Press. | o h:cmtwnn CA].I.._W o 20% Kresge (38)(1)... 16 Al A = 87 o NEW YORK, February 23.—Cotton | ©2P! S5 55—$500 at 96, o 23% Kroger Gr&Bk 1.60. 6 . 1i Ritiies (ot et st 16 to7 | o TH800 ut 08, In the Supreme Court of the Cumulative_Tr 3 = pens y steady, | Washington Rwy. & Elec. 45—$1.000 | District of Columbia 26% Lambert Co (3).. 1 34 | Sorucents Trust 1 -+ | lower under active March liquidation | at 10035, $1,000 at 1005, $1,000 at | Holding a Bankruptey Court 11% Lee Rub&Tire (50c. Corp Tr A A mod and commission house selling. March, | 10055, $1,000 at 1003, $1,000 at In the Matter 14 Leh Port Cement... % | Corp Tr Accum Ser 12.3¢4; May, 12.45; July, 12.52; Octo- 1005, BT Rl et w | SeB TEAGR ¥ ber, 1243; December, 12.52; January, , Lanston Monotype—10 at 50, 10 at|| g AYFLOV\?;:R HOTEL Devos fns Bhrs L 12.54. 50, 20 at 50, 30 at 50, 10 at 50, 20 Gg% Ee:‘gh"v(?;ey(};fi)') 3 Liverpool cables were about as due. | at 50. COMPANY ,5.'2 Lehm; pl,.kpm;, The local market was chiefly influ- Bi % Debtor Corporation 23 27 Lib-O-Ford G1(1.20) [ences by further liquidation of March id and Asked Prices. Proceedings under Section 778 of the - - 5 8 krupt t the Reorgani- 107% 102 Ligg & Myers (15).. 104 SIRIAGT A contracts in further preparation for 5 BOROn D Eorobration oo 109% 102 Ligg & Myers B(15) No. 3074 107 106 106 P = s ... |possible notices next Tuesday. March 19% 17 Lily Tulip Cup(1%) 18% 18 18 ~ 1| Incorp Tavestors 7 1793 o1d off to 1233 under the initial of- iR i 24% 173 Lima Locomotive. .. 1% 1% 1% Iny Ty N ol A fme'® 84 9% |ferings, or within a point of the low Tel, & 7oL 4 Bid. ased (| TO HOLDERS OF FIRST 30% 25% Liquid Carb (11%). 274 274 27% — % | Mass Invest T 1904 2068 | price paid early last Monday, but spot | AR Tel 0 T MORTGAGE 69 SINK- SIS LG Uos s s IR b 36 3du 34% — i ‘se 31 132 nouses were good buyers at the decline | Ana: & Por Guar 3s-.... 1 ] ING FUND GOLD 1045 102 Loew’s Inc pf (6%). 1 104% 1041 1044 + % | N°¢ B 1o st iir: |and the liquidation largely consisted | &, & F Tel of Va. 35 3. NDS OF 16 16 LoftIne.........eo 4 1% 14 o i e L b apital Traction K. 3 BOY 1% Long Bell Lum (A). . o an b 9 361 34% Loose-Wiles (2).. .. !§% agu Nor AR ¥ o i s - March rose to 1230 after the call, Elec. P o 7 MAYFLOWER ¢ ’ 1 . 1284 126 Loose-Wiles pf (7). 129 129 + 15, Nor Am or within 2 points of Thursday’s close, 6. 4 s 21% 19 Lorillard P (12.20). 201 20% 20% ~ 54 A and later months after declining from : L : Tess HOTEL 185% 130 Lorillard P pf (7).. 130 130 -1 |Selected Am 8h . 13515 to 7 points at the start advanced. | wash. Gas 31 104% . T %) Lotsiana Of1.. 1% : The general list Was 3 to 5 points net | Wash. Ry. & Fiec. 4s.. COMPANY: 14% 10 Loulsiana Ofl pf. . 9% 9y Sl = g lower in early trading. MISCELLANEOUS. Notice is hereby given that in accor- prin ve | S¥eng Am - 3 i35 | o Eerw repocke Thous New Culeaus SakU) | paches mosk i 0n B Cammipany, Which has been con: 40% and Am Tr Shrs 35 =39 | that notices representing about 3,400 > firmed by the Supreme Court of the 15% 1 of Am Tr A’ X bales had been issued in that market. District of, Columbla r:&.fl!!rs!:: Sad © H ! A A X Livernool caes Sl go“m <fin§n§§r’xncm-l ‘amount of said bonds. - e ke oey Sl S STOCKS RS000 prinéipal amount of Pifteen- Super of Am : 5 bay being taken by the trade. i $500 princp: ‘Sinki to 12 S Fond “Bonas ot Mavdower Hote 1 = 2 ot Corporation (the “New Company’) 0 . - o R0 es im0 1 00 1o = o ® 14% 12% Louisv G&E(A)1 %. 47% 39 Louisv & Nash (3).. 18% 15% Ludlum Steel . _—— 40 MacAndrews & F 13 28% McCall Corp (2).... 9 McCrory Strs A (k). 814 McCrory Strs B (k). 86% McIntyre Porcu (2). 90% McKeesport T P (4) 7 McKesson & Rob... 12 McLellan Stores (k) 26% Mack Truck (1).... 38% Macy (R H)& Co(2) 6% Madison Sq Garden. 18% Magma Copper (2).. % Manati Sugar (k) 17% Man Elev m g (k) 1% Maracaibo Oil Exp.. 6 Marine Midld (40c). 22% Marlin-Rockwell (2; 8% Marshall Field..... 27% Mathieson Alk(1%) 39% May Dept Str (1.60). e omBSs SEERE 21% ~ 1“ % vised Shr Futures closed barely steady, 9 Trust Fund Shrs dated as of February 1, 1935 Tristeed 'YK shrs a5 | M 1550 | . e o e will b’ snnexea Trusteed Am Bk “B". R s 12.44-46 . El Pw. 8% ptd. (6 Voting Tr‘\ist Certificate(s) repre- x g ¥ 1 1 10-41 - = . Ry. & Elec. Co. (13 3 - te - INSURANCE STOCKS i By & BeE e, (604101 e issued in respect of . 12.85. RATICNAL BANE t()}e‘mdenummluon o”'s300 L = S e tonseed der to obtain the new securities. YorE aecuiy Desiers Assoctation: Cot oiL g 4 F ol order to optain the new securiies |, Aske Bleachable cottonseed oil futures | Lincoln (8 5 o American Security and Trust Com- fre b U 8732 | closed barely steady; February, 11.65b; | 2if orq”(5) A Astha Life () ‘2 207 | March, 11.72; April, 11.74b; May, | Washinston (6). i Tame In which the new Ay (1) 9 9, | 11.86b; June, 11.86b; July, 11.97; Au- TRUST COMPANY. e 1, mhich the nev to "’ffi‘cr?' 5t Am_ Surety (1)... 33%; 5 | gust, 11.96b. Sales, 47 contracts, in- ,A'mfir B?vc & _i_n Co. (®).... 108 :::m.ue)rege nolder” thersot to v ST AR 3 cluding six switches. b—Bid. Natl Bav. & T @hoo s 168 jons. SAVINGS BANK. dered ‘approp: 23 (#)—Cotton. | com, & Savings (6). ?r'fnn'e"r"f.'} T Sms, oF funds therefor. 300(! bales, including 300 American Spot FIRE INSURANCE. ust be furnished before the Dew imited demand; prices 2 boints higher. > murmu will be issued. in Amer: American (12) The new securities will be ssued in ‘mide & good « 0 resently outstanding Strice middi 2 Firemen Mayfower Hotel Company Pirst Mort- st low ‘mlddll v, 60 1'6 r:glddllnr Nationai onion (.60) sage Honas *including those not, de- ood _ordinary, 6.52; TITLE INSURANCE. post om: N AP wo»’" ¥ e beita, ot Fonlt YT o8 Becamber, 6.0, Jinuars. 0.65. | Real Estate (6) . to the n - NORBNOR AN ANSHBOANIN O 3 6 % 3 106 % 1 1 : : Vo7 31, 1933. Of the total amount of loans 97 161 Anaconda Wire 1 i 12 Gillett Saf Raz (1 6 and discounts outstanding at the close| 17% 15 Anchor Cap (60c)... ¢ 16% 16% 513% gm:u s:t Rapf(fi . 5 1 90 90 0 L 39 780 o g 20, % 16 3 4 wesd BERE Y S 8885 o B PRt & FERF SFES T 228322222 EESERIRE £