Evening Star Newspaper, February 25, 1935, Page 14

A—14 %*» FINANCIAL. THE EVENING STAR, WASHINGTON, D. C, MONDAY, FEBRUARY 25 1935. FINANCIAL. A=y - BULDING LEADERS TR ANSACTIONS ON THE NEW YORK STOCK EXCHANGEUI]U"[SR[SN ARRIVE IN GAPITAL = DECLINE N STOCKS Dividend Rate. A‘Muz-iglllh Low. Close Chse. Loan Association Chiefs Keep Fairly Firm Tone, but %:30 p.m. Sales— et Add 00. High. Low. Close Chge 6 124 11% 12% + '/- 67 13'/‘ 14% — 30 % 10 — ‘u 12% —1% £ 2:30 o.m. ot 0. High. Low. Close. Chse. 8% 8% 8 19 20% +1% 27 27% 20% 20% 30% 30% — % 13% By private wire direct to The Star. %:30pm. ot Add 00. Bigh. Low. Close. Chse. 308 36% 36% — % Prev. 1035 Stock and Low Dividend Rate 11% South Cal Ed 1%). 14 Southern Pacific. .. 10% Southern Railway. , 13% Southern Rwy pf... 4% Sparks-Withington. 33 " Spencer Kellog 1.60. 8% Sperry Corp ( 9% Spicer Mfg. . Prev. 1935 luel lllfl h. " Low 10% % curtln er:ht (A) 20% 17% Cutler Hammer.... 243% Deere & Co.. 20% 19 Deere&Co pf G3oey . 31 Delaware & Hudson 18% Del Lack & West. oorev. 1038 . Low Prev. 1935 Stock and High Low Dividend Rate 36% 36% Abrm Strauss 11.80. 7% 5% Adams Expre: 89 84% Adams Expr p: 831 29 Adame Mimis (25 10% 8 Addressograph. 6% 5% Advance Rumley... % 3 2 12% 28% 13% 70 5% 3 28 M-G-M Pic pf (1.89) 28 10% Midland Steel Prod. 61% Mid Stl Pr 1st pf(4) 4% Minn Moline Pow... 24AMStP&SSMlsin 2% Miami Copper...... 2% 11 Mid-Cont Pet(h50c) 11% to Attend Southeastern Group Conference. BY EDWARD C. STONE. Building and loap executives and managers from 13 Southern States reached Washington today to attend the Southeastern Group Conference to be held at the Mayflower Hotel to- morrow and Wednesday. Three hun- dred have already registered. National officers were among those in the city today when an important executive session was held preparatory to opening the main business program tomorrow. Hundreds of leading build- ing and loan leaders are here, -which means that the sessions will be the most important of the kind held in this city in years. The District of Columbia Building and Loan League, of which Carl J. Bergman is president, is host to the convention, most elaborate plans for business and entertainment having been made in advance. The banquet tomorrow night at the Mayflower will be the most important social feature. Every phase of the building and loan business will be discussed during meet- ings with the Government's housing campaign receiving special attention. Bank Stock Listing Urged. ‘The Securities Exchange Commis- sion has invited banks to list their shares on national securities ex- changes, the purpose of the move be- ing to transfer active securities to the exchanges and employ the over-the- counter market mostly for the season- ing of new securities. Speaking of the action, the Wall Street Journal says today: “The commission made its invitation something of a command by stating that it could see no ground for exer- cising its exempting powers in order to give otherwise unlisted bank shares the type of collateral value that will be denied them as unregistered se- curities under section 7-C of the se- curities exchange act when the New York Produce Exchange does away with its securities market on Feb- ruary 28." The commission repealed rule JS6, which required exchanges to obtain and keep available for public inspec- tion copies of all documents filed with the commission under sections 12, 13 and 16 of the securities exchange act concerning securities in the unlisted trading department. The commission announces that its regional offices in Chicago and Boston will be opened on March 1. District Trade Holding Well. The Federal Reserve Bank of Rich- mond reports that trade in the fifth district has held up well during the last week, which means that February will make another excellent showing. Weather in the District of Columbia and the five States has been favorable to good business. In the southern part of the district building and highway construction have aided the unemployment situa- tion. Further construction will be started as Spring activity “opens up.” The first half of February was good for both wholesale and retail lines. Wholesale trade has been given a boost by an extra good demand for &pring goods, the heaviest for several years, owing to the increased purchasing power in the tobacco, peanut and cot- ton belts. At present, wholesale collections are considered one of the most encourag- ing signs. They are far ahead of the like period in 1934. . Today's Trading on Exchange, ‘The week’s trading on the Wash- ington Stock Exchange opened quietly with Potomac Electric Power 6s sell- ing at 110. The bonds figured in.a $1,000 transaction. ‘The only other sale was in Capital ‘Transit stock which remained strong, two lots selling at 25)2. Bid and asked prices on other issues were practically unchanged. Capital Trac- tion 5s, which have recently been so active at advancing prices, closed today with 95!; bid and 97 asked, with no sales. The regular quarterly dividend of $1.62'2 per share on Peoples Drug Stores 61, per cent preferred stock was announced on the exchange to- day. It will be paid on March 15 to stock of record on March 1. The 25 cents quarterly on the common will be paid April 1 to stock of record March 6. The common stock paid 25 cents quarterly in 1934, a 50-cent special on February 1 of that year, 100 per cent stock dividend on De- cember 31 and $1.50 extra on Janu- ary 2 of this year. * Heard in Financial District. Hugh D. Auchincloss and Chauncey Parker, members of the New York Stock Exchange firm of Auchincloss, Parker & Redpath, in the National Savings & Trust Building, are in Florida on a 10-day fishing trip. Accidental hitting of a burglar alarm in the Riggs Nationa! Bank this fore- noon sent a large delegation of police officers to the bank. The alarm was found to be in perfect condition and the response was all that could be ex- pected. Less conversation is being heard in the local brokerage houses about the gold clause decision. Traders appear 1o be waiting for scme other news of a constructive nature that may give the stock market a real boost. The Richmond Reserve Bank has sent notices to all members ing the offering of $100,000,000 Treas- ury bills to be dated February 27, $50,000,000 maturing on August 28, 1935, and the other half on November 27, 1935. Tenders were to close late today. ‘Wages paid and orders placed dur- ing 1934 by the Pennsylvania Rail- road, under its electrification and im- provement program, financed by the Public Works Administration, totaled $56,910,000, the company announced. _ CHICAGO PRODUCE. CHICAGO. February 25 (#).—Poultry, live. 14 trucks; firm. Hens, 5 bounds and under. 19; more than 5 pounds, 17%; lzlhom hens Rls’z Rock fryers, ghor k' Springs, 20; 472; “Rock broilers. rebacks. 16a18; Leghorn, hen turkeys. 21: pou 6; No. 2. 14; ducks. i smi 17; geese, 14; ca- % ba! sters, 141 tomx lD old 8- ds. PBressea ?" keys. uuoullom ¢ discontinued, S al mchllln Ruu . U i ‘il (‘l’;{{ ‘l ”:)S ’l'e.d !X‘zrll :9") 55; Ql"l rsts -9 8 a32%: uwnds 136-577 31!31 ds mo centralized carlots). et salen enrsent. Feceipts, 227,; 475 cases. 22. Egss. fresh :ud 295 ea NEW YORK ISSUE OFFERED. NEW YORK, February 25 ().— ‘Bankers here are offering at prices to yield 1 to 3.60 per cent an issue of $1,964,000 City of New York Rapid" Transit and water tunnel 4 per cent ‘bonds acquired from the Reconstruc- tion Finance Corp. 6% Affiliated Prod (60c) 8% 115% 10933 Air Reduction (3).. 1% 20% 16% 3% T 23 141 127 177% 20% 57 57% 18'% 52% 29% 122% 123 156 20% 45% 11% 53 72% 834% 87 81 3 5% 3214 4% 6% 20% 56 23% 17% 3% 13% 125% 130 184 92 43 703 243 106%, 2 36 1% Air-Way Elec Appl. Alaska Jun (11.20). 2 Albany Wrap Paper 1% Alleg Corp (K)..... 21 Allegheny Stl (1). 132% Allied Chem (6) . 123% Allied Chem pf (7) 15% Allis-Chalmers 17 Alpha Port Cm 4815 Amerada Corp (2).. 47 Am Ag Chem D!l(” 13% Am Bank Note. . 43 AmBankNpf (3).. 25% Am Brake Shoe 80c. 119 Am Brake Sh pf (7) 110 AmCan (15).. 151% Am Can pf (7).. 14% Am Car & Foundry. Am Car & Found pf, Am Chain. Am Comcl Alcol\ol. 613 Am Crystal Sugar.. 1 12 8 1 1n 1 b 1 1717 1% 21% 3135% 1 126% 22 2 2 3 57% Am Crystal Sug pf. 280- 2 Am Ensaustic 3 Am & Foreign Pwr. 30% Am Home Prod 2.40 3% Am Ice Co.... 5% Am International... 13 Am Locomotive.... 40 Am Locomotive pf.. 20 Am Mch & Fy (80c) 14% Am Metals. 21, Am Power 10% Am P&L $5 pf (lh) 12% Am P&L $6 pf (1% 1° ° Am Radiator....... 197 Am Rolling Mills. .. 67 Am Safety Razor(4) 4% Am Seating 20% Am Shipbldg (2) 32% Am Smelt & Ref. ... 121 Am S&M 7% pf ('l) 125 Am Snuft Df (6). 1473 Am Steel Foundry. . 88 3713 Am Stores (1233). 60 Am Sug (2)... 18'; Am Sum Tob (1 102% Am Tel & Tel (9)... 778 Am Tobacco (5).... 78% Am Tobacco B (5).. 4'; Am Type Fdrs (k).. 13'5 Am Type Fdrs pf(k) 10 Am Water Wks (1). 7 Am Woolen........ 37 Am Woolen pf 1'% Am Writ Paper (k). 3% Am Zinc & Lead. 10 Anaconda Copper. Archer-Dan M 113 997 Armour Del pf (7) 5 Armour of Illinois 641 Armour Il pr pf (6 913 Asso Dry Goods. % 411 Atch To&S F (h2 3 5% Atch To&S F pf (5). 6% 26% 15 26 Atlantic Coast Line, 2312 Atlantic Ref (1).. 3713 Atlas Powder (2). 513 Atlas Tack.. 2213 Auburn Auto 87s Austin Nichols 4% Aviation Corp Del 2% Baldwin Loco. 113 Baldwin Loco pf... 93 Baltimore & Ohio. .. 17% 124 Baltimore & Ohio pf 5% 40% 7 44% 3%, Barker Brothers. .. 321, Barker Brothers pf. 6 Barnsdall Corp..... 40 Bayuk Cigar (b4).. 28 Am St Fdry pf (2). 1008 3 80s 14 2 1 80s G 107% Bavuk Cig 1st pf(7) 130- 161 Beatrice Creamery. 72 Beech-Nut P (13%) 12% Belding-Hem (h50c) 1414 Bendix Aviation. ... 15% Beneficial Loan 133, 27% Bethlehem Steel 68 Bethlehem Stl pf 12 19 1813 Bigelow-San Corp. . 200s 10% Blaw-Knox..... 18 Bloomingdale (106) 813 Boeing Airplane. . 53 Bohn Alum&Br (3). 90 Bon Ami (A)({5). 231 Borden Co (1.60)... 28Y% Borg Warner (+1%) 2415 Briggs Mfg (2).... 2314 Briggs&Straton (2) 3315 Bristol-Myers $2.40. 36% Bklyn-Man T(h13%) 90 Bklyn-Man T pf (6) 2 Bklyn & Queens. 22 BkIn&Queens pf .47% Bklyn Union Gas(5) 10% Bucyrus Erie cv pf. 64 Bucyrus Erie pf (2) 4 Budd (EG) Mfg... 26 Budd (EG) Mfg pf. 3% Budd Wheel 11% Bullard Co. 7 Burns Bros pf. . 143 Burr Add M (60c) . 1% Butterick Co. 15% Byers (A M). . 173'/: 3613 California Pkg(113) 15 Callahan Zinc. 3 Calumet & Hecl 9 Campbell-Wyant 127% Canada Dry G A ( 1113 Canadian Pacific. .. 33% Cap Admin pf A (3). 51% Case (J I) Co 3615 Caterpillar Trac(1). 28% Celanese Corp. 24 Celotex Co (k). 1% Celotex Co vte (k) 17 Celotex Co ptf (k). 22% Cent Aguire (133).. 38% Cerro de Pasco (2).. 5% Certain-teed Prod.. 27% Certain-teed P pf... 40% Ches & Ohio (2.80). 38 Chesap Corp (3)... 2 Chi& East Il pf(k) 1% Chi Great Western.. 31 Chi Grt West pf. 215 Chi Mil StP& P. 3% Chi Mil St P & P pf. 4% Chi & Northwestrn. 7% Chi & Northwest pf. 5% Chi Pneumatic Tool 22 Chi Pneu Tool pf. 1% ChiRI&P (k). 3 Chi R I&P 7% pf(k) 26% Chickasha CO (2).. 5% Childs Co....... 35% Chrysler Corp (1). 20 City Ice & Fuel (2). 87 City Ice& F pf6%.. % City Stores (k).... % City Stores ctfs (k) 161% Coca-Cola (17).. ..o 55% Coca-Cola (A) )(3). 161 Colgate-P-P (50¢).. 12 Collins & Aikman... 434 Colo Fuel & Iron (k) 16% Colo & South.... 11% Colo & Sou 1st pf. 91 Colo & South 2d pt. 5 Col Gas & Elec..... 47 ColG&EDIB (5).. 34% Colum Pic vtc (m1) 67 Columb Carbon (4). 39% Comcl Credit (2)... 52'% Comcl Credit(A)(3) 29% Comcl Cred (B)(2). 56% Comcl Inv Tr($2%) 19% Comcl Solv (60c) . .+ 1 Comwlth & South. 29% Comwlth & S pf (6! 7% Conde Nast Pub. 31% Congoleum-N(1.60). 28 Conn Ry & Lt (4%) 815 Consol Cigar....... 71% Con C pr pf ww 6% . 5% Consol Film.... . 19 Consol Film pf (j2). 1657% Consol Gas N Y (1). 72% Consol Gas pf (5). 78 Consol Oil (h42c)... 2% Consol R R Cuba pf. 8 Consol Textile. . 10% Container Corp (A). 62% Contl Can (2.40).... 7 Contl Diamond Fib. 30 Contl Insur (11.35). % Contl Motors. 16% Contl O Del (hBOe). 44% Corn Ex BK&Tr (3). 35% Cream of Wht 13%. 23% Crown C& 8 (1).... 43% Crown C&S pf(2.70) 20% Cl’ucllél. Steel 931 Curtis Pub pf (7)... 2% Curtiss Wgight.. o8 wNaND AND 5 108 6 5 108 2 8 31 - =1L - S Float s vopavaelBNeaana & Ns§«s 126% 126% — 15 16% 16% — % 17% 18 — % 54% 54% b54% —2 16% 51% 26 122 122 117% 117% — % 156 156 15% + % 32 —1% 10% — % 52% + % 8% +1% 2% + % 9% + % 129% = 3% + % 1% — % 4% = % 5% = 12% - % 384 = 1% 21!5-‘ % FRF PR FES g 29% 26% Diamond M (?1’6). . 129 8 34% Diamond M pf (1%) 34% Dome Mines (13%). 8% Dominion Strs(1.20) 207 Douglas Aircraft... 92% Du Pont de N (2.60) 1267 Du Pont deb (6).... 6% Eastern Roll Mills. . 123% 110% Eastman Kod (5) 47 20% % 29 141 Eastm’n Kod pf (l). 16% Eaton Mfg (1) 6 Eitington-Schil 23 Electric Auto Li 108% 107 Elec Auto Lite pt 7. 6% 3 % 81 493 4% Electric Boat...... 2} Elec Pwr & Light. 6% Elec Pwr&Lt $6 pf.. 6% Elec Pwr&Lt $7 pt. 45 Elec Stor Bat (2%). EICT TS Y e -1 - 1 41 108 8 1 7 108 6 25 1 2 1 130 125% Endicott-John pf(7) !0; 21% 14 17% 12% 23% 9%, 24% 91 58 4% 1% 14% Eng P 8 $5.50 pf ww 10% ErleRR.. 12% Erie RR Tst pf. 10% Eureka Vac CI(80c) 19 Evans Auto P (50c) 6% Fairbanks Co pf 17 Fairbanks-Morse... 71% Fairbanks-Mrs pf.. 1508 48 Fed Lt& Tr pf (6).. 3% Fed Screw Works. .. 1 Fed Water Sve (A). 20% 19 Fed'd D Stores (11). 110% ] To 38% 18% 9% 124 115 Th 3% 63% 25% 35% b 344 13 244 981, 2% 30 1% 19% 20% 19% 15% T6% 3% 27% 27% 108 % 18 116 11% 541 267 5% 50 3% ™% 5 29% 35% 1% 12' 126'a 2% — 25% 6% % 75 107 Filene'sSpf (6%).. 16% Firestone (40c).... 91% Firestone pf A (6).. 47% First Nat Strs(2%) 2% Follansbee Bros (k) 20% Food Mach (a25c). . 12 Foster-Wheeler 22% Fourth Nat In h85c. 9 Fox Film (A). 35% Franklin Simon Df = 20% Freeport-Texas (1). 8% Fuller Co 2d pf..... 8 Gamewell Co. .. 6% Gen Am Investors 35% Gen Am Trans(1%) 154 Gen Asphalt. .. 7% Gen Baking (60c) Gen Baking pf (8) 6 Gen Bronze 213 Gen Cable. G 32% Gen Foods (1.80).. % Gen Gas & El (A) 30 Gen Motors (1). 1071 Gen Motors pf (5).. 17% Gen Print Ink (11). 93% Gen Print Ink pf(6) 1% Gen Public Service. 24% Gen Ry Signal (1).. 1% Gen Realty & Util 16 Gen Real&U pf ww.. 16% Gen Refractories. .. 16 Gen Refre cetfs.... 13% Gillett Saf Raz (1).. 70%; Gillett Saf R pf(5). 2% Gimbel Bros. .. 2314 Gimbel Bros pf. 23% Glidden Co (11.30). 1047% Glidden Co pr pf (7) 3% Gobel (Adolf)...... 15% Gold Dust (1.20) 114% Gold Dust pf (6)... 913 Goodrich (BF). 45 Goodrich (BF) pf.. 21 Goodyear T&R 4 Gotham Silk Ho: 44 Gotham S Hpf (7). 2% Graham-Paige.. 6% Granby Consol. 3 Grand Union. 18 Grand Union pf 115. 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. 21% Hackensack W(1%) 435 Hahn Dept Stores. . 5% Hall W F Printing. . 63 Hamilton Watch pf. 105 101 Hanna (M A)Pf(7). 20 7 861 3 3% 9415 16% Harb Walker (50c). 513 Hat Corp (A)...... 81 Hat Cpfww (6%) 2% Havana Elec Ry pl. 2% Hayes Body...... . 85 Hazel Atlas Gl 15). . 1421 142'2 Helme (G W)pf(7). TT% 73% Hercules Pw (13%) 125 122 Hercules P pf (7).. —_— 17% 57 33 T0% 7% Holland Furnace. . 9 Holland & Son (aDC‘ 31 Houd-Hersh A (j2). 7% Houdaille-Hersh B. 49 House Finpf (3%). 25 Houston Oil (new). 43 Howe Sound (3) . 814 Hudson Motor Car.. 2% Hupp Moto! 12 Illinois Central.... 51 Il Cent lsd lines(4) 30% Indus Rayon (1.68). 65 Ingersoll-Rand (2). 109 109 Ingersoll R pf (6) B55% 3% 4% 164 3 7 5 42% 507% Inland Steel (1).. 2% Inspiration Copper. 43 Insur Sh ct Md 14c. 12% Interboro Rp Tr(k). 2% Intercontl Rubber. . 515 Interlake Iron...... 4 Int Agriculture..... 3315 Int Agriculture pf.. 161% 149% Int Bus Mach (p6).. 6% 33 43% 274 24% 3 57 57% 3 5 Int-Carriers Ltd 20c 26% Int Cement (h25¢).. 37% Int Harvester (60c) 2 Int Hydro Elec (A). 22% Int Nick Can (60c) . 2 Int Paper & Pw (A) 6% Int Paper & Pw pf.. 98% Int Print Ink pf (6) 4 Int RysCent Am. 15% Int Rys Cent Am 44 Int Shoe (2) 8 IntTel & Tel. 10 Interstate Dept Strs 6% Intertype Corp..... 53% Jewel Tea (3).. 48% Johns-Manville. 5615 Jones&Laugh 7%pf. ——————— 23 109% 19% 30% 36% 104% 1% 36% 129 21% 71% KaufmannDeptS40c 15% Kayser(J)& Co 50c. 1% Kelly-Spring T (k). T% Kelly-Sp Tire 6% pf 15% Kelvinator ($70c) 16 Kennecott C (60¢c) 10% Kimberly-Clark. ... 42 Kresge Dept Strs pf 20% Kresge (SS)(1). 23% Kroger Gr&BK 1. 26% Lambert Co (3) 11% Lee Rub&Tire (50c. 14 Leh Port Cement... 89% Leh Port Cpf (3%) 2 Lehigh Valley Coal. 8 Lehigh Valley RR. 691 Lehman Corp (2.40) 27 Lib-0-Ford G1(1.20) 21% Life Saver (1.60)... 102 Ligg & Myers B(i5) 17 Lily Tulip Cup(1%) 25% Liquid Carb (f1%). 31% Loew’s Inc (2)..... 102 Loew's Inc pf (6%). 1% LoftInc....... . 34% Loose-Wiles (2) B 126 Loose-Wiles pf (7). 19 Lorillard P (12.20). 90% Ludlum Stl pf 40 MacAndrews & F 13 28% McCall Corp (2).... 9 McCrory Strs A (k). 36% McIntyre Porcu (2) 7 McKesson & Rob... 37 McKesson & Rob pf 12 McLellan Stores (k) 25% Mack Truck (1) 38% Macy (R H)& C ) 18% Magma Copper (2). 4 Manati Sugar pf (k) lT%llAnEl.vm‘ (k).. Marancha C Marine llldld (Ioe) . 26% Mathieson Alk(1%) 39% May Dept Str (1.60) 5% Maytag Co 84% Maytag 1st 41 Melville Shoe(12%) $ % 24% Merch & M Tr(1.60) 24% Mesta Mach (1% Bt (6).. 60s 1 A 1 30s 7 112 508 208 3 5 sRoamaeilonuihancen LaPrrmata 7 14 24 30s 33 108 13 L% 68% 42 28 3% 3% 8% 20% Y 935 127% 6% 4 119% 147 18% 5% 24% 108 4% 2 5% 615 45 129% 812 81 125 125 +2 6 6! 2% 57 22% 34% % 297 12 22 122% +2% 47 14 23% + 10 37 21 8% 8 67 — 35% 15% — 21 24% — 27% — 11% — 14% — 9% — 2 8 % — 28% + 2 22 22 - 7 106% 105% 105% — 118 18 18 3 2T% 26% 26% — 37 35% 34% 354 + 1 10:!6 10:% 104% 1% Y% l 35% 35% 35% + 208 128% 128% 128l — 10 20% 2 1w 3 12% 20 1% 12% 20% + 1% 12% — 1 39% 39% 39% — 5 16% 15% 16% — 1102 1 9 13 17 7 14 5 80s 6 1 10 1 1 208 4 508 20 102 102 + 44% - -1 = 6% 14% 3 3% Mo Kan & Texas. 8% Mo Kan & Texas 1% Mo Pacific (k). 2% Mo Pacifis pf (k 556 MonsantoC (1).... 25% Montgomery Ward. 61 Morrell(J)&Co 3.60. 8% Motor Wheel . 9 Mullins Mfg. 36% Mullins Mfg pf 6 Murray Corp.... 4 60% 30% 65 1% 1215 59 8 19% 15 Nash Motors (1)... T% 5% Nat Acme Co. . 3 30% 27% Nat Biscuit (2) 39 % | 145Y% 142 i 1 Y% | 18% 15% \nl Cash Reg A 50¢ 4 % | 17% 15% Nat Dairy Prod 1.20 16 kel 4% 1% Nat Dept Store (k). 14 % | 34% 21% Nat Dep St 1st pf(k) 6708 | 29% 24% Nat Distillers (50c) 29 3| 1241 121% Nat Lead pf (B)(6). 10s %! 7% 5 Nat Pwr & Lt (80c). 3 Nat Ry Mex 2d pf. 45% Nat Steel (t1%). 41 Nat Supply pf 93, Nat Tea (60c). . 223 Nelsner Bros(t1%). 43%: Newberry(J J) 1.60. 6 Newport Industries 24% N Y Airbrake. . 16% N Y Central RR.... 8% N Y Chicago & St L. 17 NYChi&StLpf.. HNY In\M!urs (k).. 5 N YN H & Hartford 7% N Y N H & Hart pf. 44 N Y Ontario & West 10% N Y Shipbldg (40c). 80 N Y Steam pf (6).. 30% Noranda Mines (h2) 1% Norfolk South’'n(k) 27 North Am Aviation. 10% North Am Co (1)... 37% North Am Co pf (3). 57 North Am Ed pf (6) 21% 16% Northern Pacific. ... 2% 1% Norwalk Tire&Rub. 10% 915 Ohio Oil (h45e). ... 4% 3% Oliver Farm Equip. 26% 20 Oliver FprpfA.... 15% 134 Oti J 109 106 Otis T4 5 Otis Stee 90% 837 Owens-111 Gla 13 5034 47% 11% 28% 49% 28% 21% 13 25 % 815 14% FESERF FREFES 6 16% 85 35% 1% 4 13% 42% 69 % % W % 14% 23% 2% 13% Pacific G & E (112). 21 Pacific L 0 Pacific Tel & Tel @ 4 Packard Motor s'. Par-Publix ctfs (k) 214 Park Utah. . 1 Pathe Exchange. ... 13% Pathe Exchange(A) 10 Patino Mines. 1% Peerless Motor 64% Penney (J C)(h1.40) 108 Penney (JC) pf (6) 4 Penn Dixie Cement. 20 PennRR (1) 3 30 Peoples Drug 19% Peoples Gas Chi. 17 PetMilk (1)....... 8 Petrol Corp (hife¢). 13% Phelps Dodge(h75¢) 31 Phila & Read C & I. 14% Phillips Petrol (1). %, Pierce-Arrow (K)... % Pierce Oil...... 4 Pierce Petroleum. . 315 315 Pillsbury Flour 1.60 61 Pitts Screw & Bolt. 2515 Pitts Steel pf...... 170s 14% Pitts Term Coal pf. 103 17 Pittston C 11': 8 Poor& Co ( 16% 13 Postal Tel & C: 31 2 Dressed StlCar (k). 17 10% Pressed St1C pf (k) 48% 42% Proc & Gamb (1 27% 20'3 Pub Serv N J (2 71 62% PubServNJp 86 78% Pub Svc NJ pf (6). 52% 46% Pullman Inc (3). 7% 6% Pure Oil... - 61 53% Pure Oil pf. 10% 8% Purity Bakeries (1) 208 14% 24, 5% 6212 45% 23 39% 11% 83 43 Radio Corporalion. 51% Radio Corp pf A 3 35! Radio Corp pf (B) . 1% Radio-Keith-Or (k) 3815 Reading 1st pf (2).. 83 Remington-Rand 71% Remington-R 1st pf 213 Reo Motor Car. 1214 Republic Steel. 39 Republic Steel pf 6 Revere Copper. 14 Revere Cop (A).... 21% Reynolds Metals1). 461 Reynolds Tob B (3) 2215 Roan Antelope Ltd. 29% Roy'l D h1.30 3-10c. % % % % 46 3815 Safeway Stores(3). 110 106 Safeway Strs pf (6) 112% 110 Safeway Strs pf (7) Joseph Ld (40c). t L San Fran (k). . L San Fr pf (k). 6 Savage Arms 23% Schenley Distillers. 3 hulte Retail Strs. Schulte Re Strs pf.. 55 Scott Paper (1.70).. 8 Seaboard Air L (k). Seab'd Oil(Del) (1) eagrave Corp 33 Sears Roebucl 73 Servel Inc. 9% Sharon Steel Hoop. 73 Shattuck(F G)25c.. 68% Shell Union Oil pf. . 8% Silver King C (40c). 81 Simmons Co... 15 Simms Petrol (1) 61 Skelly Oil 28Y Sloss-Sheffield pf 17% Snider Packing. . 6 1312 Socony-Vac (60c).. 23 20 Sou Por RicoSug(2) 18 132 So Porto RS pf (8) 21 25 139 13’ 23% 10s 139 70% Spiegel- 17 Stand B: 123 3 3% Stone & 5 184 Superio! 6% Superio 5% Syming 4 5% Thomp’ 84 Tide W. % Timken 57 Und-El 45 Un Bag 24'; Un Tanl U nited 15 22 5 5% United 713 United Fruit (3) 9% United 4 21 4 US 143 U : 364 US lnd +1 91 53 1% U 5 U PR S Pip Tob T': 44 United 138 | 2% 1% UnivPi 1% Util Pw. i 21% 13%, 36 % Vadsco » Vick Ch 2714 100 5 r 31y 2% 31 27% Walgre 3%, ard B: 3% Warner 18 Warner 4% Warren 5 Webste Wesson " Wesson 45 2 62V 95 90 Westin 104 White Worth 1+ 1++ 33 Yellow 18% Young 217% 4% 1:00 P.M. declarations _sUnit of trading stock stock _<qPlu dividends. ganized mP! in stock. xEx d 223 139 Stand Brands pt Stand Gas & Elec. .. 3% Stand G & E $4 pf.... 29% Stand Ol of Cal(1) . % Stand Oil of Ind (1) 39% Stand Ofi N J(11%) 58% Sterling Prod (3.80) 15 Sterling Secur (A).. Stewart-Warner. 2% Syming 8% Telautograph (1). 4% Tennessee Corp. ... 19 Texas Corp (1) 33 Texas Gulf Sul (2).. 3% Tex Pac Coal & Oil. 8% Tex Pac Land Trus 15% Thatcher Mfg (a25c Third Avenue. . 19 Third Nat Inv h8 14 Thompson Products 2% Thompson Starrett. 8% Tide Wat Asso Oil. . ‘fl. Timken-Detroit. 5 Transamerica (Zuci 274 Tri-Contl Corp...... 36 Trico Prod (214) 4% Truax-Tra Coal 18% Twin City R T pf. 1% Ulen & Co. 7 Underw- 44 UnionC&C (140). 14% Un Oil of Cal (1) 9613 Un Pacific (6) . 8213 Un Pacific pf (4) United Carbon 2.40. 1% United Corp United Corp pf (3). 10% United Drug. Unit Dye United Pce DW.... United Pee D W pt. ypsum (1). % U S Leather. .. U S Leather (A). U S Leather prpf.., Realty & Impr. Rubber. . ubber 1s melt & R ( 133% Univ Leaf T pf (8). 16% Vanadium Corp. 11’ Van Raalte 2% Wabash pf (A) (k). ] % Wabash pf (B) (k). | 116 114 Walgreen pf (633). 2% Walworth Co.. 46' West Pa Elec A (7). West Pa Elec pf (6) % West Pa Elec pf (7) West Pa Pw pf (6). 1041; West Pa Pwr pf (7) 1; Western Dairy pf B 7% Western Maryland. 2 Western M 16% Youngstown S&T. . 4 Zonite Products. ... Sales of Stocks on the Ne ¥ in stock. hPaid last yell‘—‘no reuul-r rate ePayable in Sash, of stock lcomgnuu Teported in receiversnip or bel May-Stern. rands (1) 3 13 13 19 9 Webster r Oil, r Steel. ton. ton n(JR)(50c). AO pf (i8%) RB(1). 1-F E-F pf (7). & Paper (1) k Car (1.20). Aircraft. Others Join in General Recession. BY VICTOR EUBANK, Associated Press Financial Writer. NEW YORK, February 25.—With the exception of the utilities, which were fairly firm, stocks generally pointed lower in today's market ses- sion. Consolidated Gas, Public Serve ice of New Jersey and American Tele- phone got up fractionally, along with National Distillers and Case. Losers of fractions to around a point, how- ever, included Union Pacific, Santa Fe, U. S. Steel and American Sugar Refining. The late tone was irregu- lar. The turnover approximated 750,~ 000 shares. Shares of Consolidated Gas, Public Service of New Jersey, American Water Works, North American and American : | Telephone advanced fractionally; East- man Kodak got up a point and Loew's firmed. At the same time, losers of fractions to around a point included United States Steel common and pre- ferred, Bethlehem common and pre- ferred, Case, First National Stores, American Beet Sugar, Chrysler, Mont- gomery Ward, Westinghouse, South | Puerto Rico Sugar, Union Pacific and Santa Fe. A point gain was registered by United States Smelting and United Fruit. Some of the hesitancy in stocks was attributed to the trouble the adminis- tration is having with Congress on its work-relief program. It had been felt {in some quarters that the appropria- tion of nearly $5,000,000,000 to reduce unemployment would necessarily ex- pand buying in numerous lines and, consequently, add to earnings. L S NEW YORK BAR SILVER. NEW YORK, February 25 (#)—Bar silver steady and unchanged at 55%. 9 24 13 60s 1 Gas Imp (1) um pf (7 ). s Alcohol. . e & F (50c). hacco pf (7). Stores (A).. pe & Rad. .. r& Lt (A).. Sales Corp.. em (+2.40). Chem 7% pf. enCo(ml?. aking (B).. Bros Pic... Bros Pic pt Bros r O O 60s 30s 80s 130s 508 1 First Mortgage Money For Construction Loans and Loans on Improved Residential Property in The District of Columbia 5%% Prompt action. B. F. SAUL CO. 925 15th St. Natl. 2100 ENTERPRISE SERIAL BUILDING ASSOCIATION 7th St. & Indi Ave. N.W, LOANS On Improved District of Columbia Real Estate Security 73rd series of stock now open for subscription gh'se 1st 3% Totor. . 1% White Sewing Mch. Woolworth (2.40) . v Pump p Wrigley (Wjr) Truck 3 Spr Wire (1) 191 16% 13 4 York Exchange. . 410,000 . 570,000 Dividena rates as given in the above table are the annual cash payments based on the latest quarterly or half-yearly less than 100 shares. tPartly extra. 3IPlus bPavable in Plus $1 In special preferred tock anM this year. jAccumulated reor- us 3% In stock DPlus 29 vidend & By the Associated Press. CHICAGO, February 25.—Influenced to a considerable extent by a big de- crease of 3,147,000 bushels in the United States visible supply total, wheat values developed firmness late dely the new decrease, aggregate do- mestic stocks of wheat in sight were brought down to 61,386,000 bushels against 103,215,000 bushels a year ago. Anxiety persisted regarding unfavor- able crop conditions Southwest. Wheat closed steady, unchanged to Y, higher, compared with Saturday's nnish May, 97a97%; corn unchanged 1, off, May, 81%a843; oats, %al ndv-need. and provisions varying from 2 cents decline to 5 cents gain. EREE PR FARFESE AR FF P EREe 13.75 &D'mber 13.87 BELLIES— 16.57 i 167 Chicago Cash Market. Wheat, No. 2 hard, 1.04%; No. 3 hard, 1.03%; No. 4 hard, 1.02%; No. 2 mixed, 1.04; No. 3 mixed, 1.00%. Corn, No. 2 yellow, 89; No. 3 yellow. 86%a87% ; No. 4 yellow, 85a86% ; No. 3 ‘white, 93%a’2; No. 4 white, 913 ; No. 5 white, 82. Oats, No. 1 white, 57%; No. 3 white, 52),a54%; No. 4 white, 51%; sample grade, 55. No rye. Soy beans, nominal; No. 2 yellow, 1.22 net track country station. Barley, 72a1.20. Timothy seed, 16.75a17.75 hundred- weight. Clover seed, 15.50a20.50 hun- dredweight. FORFRFRE SERR EEE —_—— National Biscuit Co. 193¢ common share earnings were $1.57 vs. $2.11. 0 = Raitroap C (UNIT 1O e Faezuote *|DOLLAR GOES LOWER IN LONDON DEALINGS By the Associated Press. LONDON, February 25.—The United States dollar lost 3-16 cent to the pound today, closing at 4.865-16 to the pound as compared to Saturday’s close of 4.86%. The opening was at 4.86 3-16. ‘The Prench franc closed at 73.38 to the pound as compared to Saturday's close of 73.43. PARIS, February 25 (#)—Three per cent rentes 82 francs 65 centimes; 4% per cent rentes, 93.00. Exchange on London, 73.42. The dollar was quoted at 15.09. SALT EARNINGS DROP. NEW YORK. hbmry 25 (A).—In- ternational earned $1.96 a share in IOM comwed with $2.04 a share in 1933. ' Net income was $470,368, compared with $490,709 in 1933." | ] ARLOADINGS 00 CARS) LEAD OUTPUT RECORDS DECLINE IN JANUARY By the Associated Press. NEW YORK, February 25.—Lead preduction in the United States dur- ing January amounted to 30,674 short tons, compared with 37,217 in De- cember and 34,809 in November, the American Bureau of Metal Statistics reports. Lead stocks at the end of Janu- ary totalled 231,993 tons, against 235457 at the end of December and 232,934 at the end of November. Shipments in January were 34,164 tons, against 34,608 in December md 31,762 in November. VISIBLE GRAIN SUPPLY. NEW YORK, February 25 (#)— The visible supply of American grain shows the following changes, in bushels: Wheat decreased 3,147,000; corn decreased 1,085,000; oats de- creased 453,000; rye decreased 69,000: barley decreased 373,000. For Purchasing a Home or RE-FINANCING EXPIRING TRUSTS NO COMMISSION CHARGE NO RENEWALS REQUIRED Terms Arranged on Easy Monthly Payments ASoeaTion comeny QG. NATIONAL Permiarienl BUILDING ASSOCIATION ER. SUDERVISION TREASURY ©49 NINTH STREET,NW. T Guicling Faith. There Is No Substitute For THRIFT ...if you want to “get ahead and keep ahead,” financially! @ Washington and Lincoln were two outstanding exponents of thrift .their guiding faith and example have been an inspiration to all our people! ® Why not follow in their foot- steps . . . become thrifty . . . open a ssvlngs Account with Fidelity” and add something to it every pay day— We Pay 5% —Compounded Semi-Annually from the date of payment to date of withdrawal. @ You can open a Savings Ac- count, IN ANY AMOUNT.. you1l always find at “The Fidelity” s friendly spirit of helpfulness and co-operation! The Fidelity Building & Loan Association MAIN OFFICE, 610 13th St. N.W. RO