Evening Star Newspaper, February 28, 1935, Page 18

A—]8 ¥*» FINANCIAL. THE EVENING STAR, WASHINGTON, D. C., THURSDAY, FEBRUARY 28, 1935. FINANCIAL. [ ———————————————————————————————————— e e ———— SHARP TRADE RISE TRANSACTIONS ON THE NEW YORK STOCK EXCHANGEISI[][}KMRR[[}U[AR - INDICATED HER February Clearings Exceed Level of Year Ago by $11,864,356 Margin. BY EDWARD C. STONE. PFirst definite proof of how much better business was in Washington in the month now closing than in Febru- ary, 1934, came from the Washington Clearing House Association this noon in the monthly report of Manager Charles E. Bright. Bank clearings in the Capital in Feb- ruary totaled $60,956,281.30 as com- pared with only $49,091,924.34 in Feb- rusry, 1934, an advance of $11,864,- 356.96 over last year. Clearings for the short month of February were naturally not up to those of January of this year, when the total stood at $69,566,932.40. ‘Washington bank clearings for the first two months of 1935 totaled $130,- 523,204.70 in comparison with a total of $104,829,221.83, a jump so far this Jear of $25,693,982.87. Today's figures supply conclusive evidence of the steady business ad- vances being scored month after month in the Capital. Business is, no doubst, better. than the figures on canceled checks indicate. Since the metered service charges were put into effect in all of the banks. the number of checks drawn has shown a marked decrease, bank patrons paying a great many more bills with cash in order to keep down the extra check fees. In passing it is interesting to note that the February, 1935, figures are practically back to the 1933 February total of $61,012,252.58. Gas January Net $139,547. The monthly report of the Washing- ton Gas Light Co., filed with the Public Utilities Commission this morning, shows net operating revenue for the month of January of $216,610, com- pared with $227,823 for January last year, a decrease of $11,213. Operating revenues for January, $663,438, compared Wwith $616,853 for January a year ago, an increase of $46,585. Operating expenses, includ- ing taxes and uncollectible bills, in- creased $57,798, this year's figure being $446,828 against $389,030 in January, 1934. Non-operating revenues for Jan- uary this year, decreasing $5,994 from last year's total of $1,883 to show a loss of $4,111, resulted in a gross cor- porate income of $212,499, as com- pared with $229,706 for January, 1934, a decrease of $17.027. Interest deductions of $72952 for January, 1935, were $2.561 more than last year's figure of $70.391, resulting in a net income of $139,547, compared with $159,315 for January, 1934, a decrease of $19,768. Georgetown Earnings Up. The monthly report of the George- town Gas Light Co., also filed with the Public Utilities Commission this morning, shows a net income for Jan- uary, 1935, of $3,793, as compared with $2407 for January of last year, an increase of $1,386. Operating revenues this year were $153,892 as against $144,858, an in- crease of $9,034. Operating expenses, including taxes and uncollectible bills, increased $6,689, this year’s figure be- ing $14%5,672 against $138,983 for Jan- uary, 1934, Non-operating revenue decreased $1,724 this year over last year, re- sulting in a gross corporate income of $8221, compared with $7,600 for January, 1934, an increase of $621. Interest deductions decreased $765, this year's figure being $4,428 against $5,193 for January, 1934. How to Obtain Hotel Bonds. Holders of Mayflower Hotel 6 per cent first mortgage sinking fund bonds have besn notified that under the plan of reorganization confirmed by the Supreme Court of the District they are entitled to receive for each $1,000 principal amount of the honds $600 principal of 15-year 5 per cent first mortgage sinking fund bonds of the new corporation dated February 1, 1935, to which will be annexed vot- ing trust certificates representing 60 shares of the capital stock of the cor- poration, proporticnately smaller amounts being issued for bonds of smaller denominations. In order to obtain the new securi- ties the old bonds must be surrendered at the office of the American Security & Trust Co., agent for the hotel cor- poration. The new securitie§ wili be issued in exchange for the old bonds, including those which were not de- posited with any recrganization com- mittee. Holders of certificates of de- posit representing deposited bonds should not surrender these certificates, but must present the original bonds. Only the actual tonds will be ac- cepted, the iegal nctices state. The notices are signed by the trus- tees, John L. Smith, J. M. Kenyon and Rush L. Holland of the May- flower Hotel Corp, William L. Beale, president. Mergenthaler Stock Higher. Mergenthaler Linotype stock crossed 30 and sold at 30% in two sales on the Washington Stock Exchange today. Washington Railway & Elec- tric preferred stock made a new high for the year on the exchange today with a small sale at 103!;. Capital ‘Traction 5s were again strong, the bonds recording two sales at 96%. Other bid and asked prices were firm. Election of Carl J. Bergmann as president of the southeastern State group of the United States Building and Loan League, is a tribute to one of the best known building and loan leaders in Washington. As president of the District of Columbia Building and Loan League, he worked very hard for the success of the big con- Zerence held here this week. Prank J. Stryker, president of the Columbia National Bank, and Victor B. Deyber, head of the Second Na- tional Bank, were among local bank officials who attended the annual din- ner of the conference at the May- flower Hotel. Richard E. Harris, chairman of the safe deposit section of the District Bankers' Association, was among the bénkers who attended the meeting of the Maryland State safe deposit sec- tion in Baltimore early this week. Director Reduces Share Holdings in Coca Cola Co. By the Associated Press. Lindsey Hopkins, Miami, Fla., & di- rector of the Coca-Cola Co., reported to the Securities and e Com- - mission today that he had reduced his holdings to 2,798 3-7 shares through the sale of 85 5-7 shares Coca-Cola common January 15. RUBBER FUTURES. . Pebruary 28 (P.—Cru Efi'#‘mln mned {rr!fllllr 5 l;'el =y Prev. 1038 High T% 3314 104 8% Low 5% Ad 29% Adams Millis (2). 8 Addressograph. ... 6% Affiliated Prod (60c) 115% 109%; Air Reduction (3).. 1% 204 8% 1% 7 6% 6% 141 17% 20% 3% 57% 1815 521 29% 123 110 AmCan ($5).. . 156 151% Am Can pf (” 2014 24% 106% 102% Am Tel & Tel (9) 843, 865 135‘- 129% Am Tobacco pf (6) 19% 14% 60 2 75 Atch To&S F pf (5). 3% 25% 43 29% 5% 12615 Am Sugar pf (7)., 1% Air-Way Elec Appl. 16% Alaska Jun (11.20). 2 Albany Wrap Paper 1% Alleg Corp (K)....o 3% Alleg pf wi30w (k). 314 Alleg pf wS40w (k). 3 Alleg pf x w (K 132% Allied Chem 16% 17% 2% 53 15 51 26% 1% 157 14% 3% 15% Allis-Chalmers..... 17 Aipha Port Cmt (1) 2% Amal Leather 471 Am Ag Chem Del(2) 13% Am Bank Note. ... 43 Am Bank N pf (3).. 25% Am Brake Shoe 80c. 13% Am Car & Foundry. 66 Am Chicle (13%).. 25% Am Comel Alcohol. 6% Am Crystal Sugar.. 57% Am Crystal Sug pf. 2 Am Ensaustic...... 2% Am & Forelgn Pwr., 17 Am & For Pw pf (7) 4% Am Hide & Leather. 30% Am Home Prod 2.40 313 AmIceCo........0 28% Am Ice Copt (6)... 5% Am [nternational... 113 Am Locomotive.. .. 3713 Am Locomotive pf. 20 Am Mch & Fy (80c) 5 Am Mach & Metals. 5 Am Mach & Met ctf. 14 Am Metals.... 72 Am Metals pf. 24 Am News (1% 2 Am Power & Light. 10 Am P&L 35 pf (1%) 12 Am P&L $6 pf (1%) 121 Am Radiator...... 18% Am Rolling Mills. .. 67 Am Safety Razor(4) 4% Am Seating. 20% Am Shipblde Am Smelt & Ref. Am Steel Foundry 88 Am Stl Fdry pf «2)‘ 1 37% Am Stores (123%) . 60 Am Sug (2) [ PN TS S & ke S o8 e m FaSR e wae . — 18! Am Sum Tob (1)...X 773 Am Tobacco (5). 78% Am Tobacco B (5 ~apie 11'; Am Type Fdrs pf(k} 10 Am Water Wks (1) 53% Am Wat W 1st (6) 5% Am Woolen 37 Am Woolen pf. 1% Am Writ Paper (k). 37w Am Writ Pap pf Ak) 9'x Anaconda Copper. 16!z Anaconda Wire. 36 Archer-Dan M t1%, 997% Armour Del pf (7). 4% Armour of Illinois. 6412 Armour 111 pr pt (6) 413 Arnold Constable. .. 91x Asso Dry Goods. 39 Atch To&S F (h2).. » o wBervaBrariimsesn El 24 Atlantic Coast Line. 231 Atlantic Ref (1)... 371 Atlas Powder (2) 21' Auburn Auto. 313 Aviation Corp Del. - ————————— 6% 26% 15 177% 102 T 110 1 1% Baldwin Loco. . 9 Baldwin Loco pf 95, Baltimore & Ohio. . 10%, Baltimore & Ohio pf 100% Bamberger pf (6'2) 6 Barnsdall Corp.... Bayuk Cig 1st p£(7) 16's Beatrice Creamery 72 Beech-Nut P (13%2) 12% Belding-Hem (h50c) 14 Bendix Aviation.... 155 Beneficial Loan 113, 26 Bethlehem Steel. 6415 Bethlehem Stl pf 1814 Bigelow-San Corp. 10% Blaw-Knox . ....... 8 Boeing Airplane.... 53 Bohn Alum&Br (3). 90 Bon Ami (A)(15).. 2314 Borden Co (1.60)... 28% Borg Warner (t1%) 2415 Briggs Mfg (2).... % 42% 21% 93y 1% K 6% 2314 Briggs & Strat (3). 367 Bklyn-Man T(h1%4) 90 Bklyn-Man T pf (6) 47 Bklyn Union Gas(5)x 47 Brunswick-Balke. . 3% Budd (EG) Mfg.. 26 Budd (E G) Mfg Df 130 314 Budd Whee 11 Bullard Co 74 Burns Bros ( 4% Burns Brospf..... 14% Burr Add M (60c).. 14% Bush Tr Bldg pf ct. 113 Butte Copper & Zinc 1 Butterick Co.. . 141; Byers (A M) 40 Byers (A M) p! 3614 California Pkg(13%) 15 Callahan Zinc. .. 3 Calumet & Hecla. .. 12% Canada Dry G A (1) 11% Canadian Pacific. .. 335 Cannon Mills (2)... 518, Case (J ) Co...... 92 Case (J )pfi4).... 3614 Caterpillar Trac(1). 28% Celanese Corp 2 Celotex Co (k) 1% Celotex Co vte (k).. 15% Celotex Co pf (k) ... 22% Cent Aguire (1%).. 40 Central RRofNJ.. 914 Century Rib Mills.. 38% Cerro de Pasco (2). 414 Certain-teed Prod.. 40% Ches & Ohio (2.80). 38 Chesap Corp (3)... 2 Chi & East Il pt(k) 1% Chi Great Western 2% Chi Grt West pf. 2 ChiMilStP&P. 2 ChiMilStP&Ppt. 315 Chi & Northwestrn. 5% Chi & Northwest pt. 5% Chi Pneumatic Tool 20% Chi Pneu Tool pf... 1% ChiR1&P (k).... 2% Chi R 1&P 6% pf (k) 2 Chi R I&P 7% pf (k) 26% Chickasha CO (2).. 5 ChildsCO.......... 356% Chrysler Corp (1).. 20 City Ice & Fuel (2). 87 City Ice & F pf 6%. % City Stores (k)..... 14 City Stores ctfs (k) 4% City Stores A (K)... - - RO RO OVt O 1 (O TV 0D T ek G - PP 17843 1617 Coca-Cola (17)..... 18% 103 101 Colg-P-Ppf (6).... 15% 85 5% 19% 15 13 % 59% 51% 41 47% 56% 32% 112 109% Comel C 1st pf(613) 52‘/: 16% Colgate-P-P (50c). 1103 103 2 121 124 20« 7% 8 2% «10% 8 % 4% 46 47 40 45% 55 11% Collins & Afkman. . 77 Collins & Aik pf (7) 2% Colo Fuel & Iron(k) 15 Colo & South 7 Colo & Sou 1st pf... 9 Colo & South 2d pf. 4% Col Gas & Elec..... 48 ColG&EDPLA (6).. 47 ColG&EPDPIB (5).. 3415 Colum Pic vte (m1) 3915 Comel Credit (2)... 52% Comcl Credit(A)(3) 29 Comcl Cred pf (1%) 60s 120« 10s 37 29% Comcl Cred (B)(2). 56% Comel Inv Tr(t2%) 19% Comcl Solv (185¢).. 1 Comw & Southn. ... 29% Comw & Sou pf (3). 3014 Congoleum-N(1.60) x 9 CongressCigar..... 81 Consol Cigar.. T1% Con C pr pf ww I%. 5% Consol Film....... 18% Consol Film pf (j2). 1 20s 31 5 15 32 5 6 1 2 208 2 2 7% Consol Oil (h42¢). 215 Consol R R Cuba p: % Consol Textile. . 10% Container Corp ( 4 Container Corp (B 5% Contl Baking (A) RovwanwSund 30 Contl Insur (+1.36). % Contl Motors....... 16% Contl O Del (h50¢). 62 Corn Prod Ret (3) 5% Coty Ine.... 35% Cream of Wht 2%, 124 Crosley Radio. ... 23% Crown C& 8 (1) 431 Crown C&S pf(2.70) 4 Crown-Zellerback.. - PHNOASSNON O ] L1 5% Cupan-Am Sugar. 40% Cuban-Am Sugar pf. 41 Cudahy Pkg (2%)-. hg 15% —13%4 51% + % 2T +% 1% + % 167 +1 145% + % 8% + % 26% + % 9% 84 42 2 sl 39% +14 671 + % A 132 1% 20% 1057 9% 80% 137 12 10% 8% 6% 3% ~ % 1 n W 1w % 103 47 +1% 55% +1% 31% +1 1% 112 +1 81 —-u% 9% + % 20% + % 1 - % 4% +1% 31 + % 9% 8% — % 82 +1 5% 19 + % LSRR PEEFEREREF » 39% 18 Curtis Publishing. . 101 93% Curtis Pub pf (7)... 3 2% Curtiss Wright. . 10% 7% Curtiss Wright (. 81 24% Deere&Co......... 19 Deere&Co pf (J20¢). 29% Dlll'lrl & Hudson 12% Del Lack & Wes! 1% Den& RG W Df . 26% Diamond M (t1%).. 34% Dilamond M pf (1%) 34% Dome Mines (13%) . 8% Dominion Strs(1.20) 20% Douglas Aircraft... % 91% Du Pontde N ( 129 126% Du Pont deb (6). 8 5% Eastern Roll Mill 123% 110% Eastman Kod (5) 20% 16% Eaton Mfg (1). 7% 5% Eitington-Schild, 29 231 Electric Auto Lit: 1081 107 Elec Auto Lite pt 6% 4% Electric Boat. . % Elec & Mus Ind 1% Elec Pwr & Light. . 5 Elec Pwr&Lt 36 pf.. 6 Elec Pwr&Lt 37 pf. 45 Elec Stor Bat (2%). 52% Endicott-John (3).. 1% Engineers Pub Sve. 14% Eng P S $5.50 pf ww § Equit Office Bldg... 8% ErfeRR 10% Eureka Vac Cl(80¢) 19 E Auto P (50¢) 9% 6% Fairbanks Co pf. 24% 17 Fairbanks-Morse 81 713 Fairbanks-Mrs pf.. 48 Fed Lt& Tr pf (6).. 4% Fed Motor Truck... 1% 7% Fed Wner Sve (A). 110% 107 Filen 18% 15% Firesto: 94% 91% Firestone pf A (6).. 56 471 First Nat Stre(2%) 25% 20% Food Mach (a25e¢).. 173 13 Foster-Wheeler ... 25 22% Fourth Nat In h85e. 18% 9 FoxFilm (A)...... 26 20% Freeport-Texas (1). 9% 8% 38y 187 v Th 8 Gamewell Co.. 615 Gen Am Investors. . 34% Gen Am Trans(1% 14% Gen Asphalt & % Gen Baking (60¢).. 57 Gen Bronze. . . 50% Gen Cigar (17) 20% Gen Electric (80c) . 11 Gen El spec 60 6 11132“3-32118-82 1-32 8 354 34 32% Gen Foods (1.80)... % Gen Gas & El (A) 597 Gen Mills (3).. 29% Gen Motors (1) lli! 107% Gen Motors pf (5).. 3% 8% Gen Outdoors Adv.. 17% Gen Print Ink (11). 1% Gen Public Service. 1% Gen Realty & Util.. 16 Gen Real&U pf ww. 16% Gen Refractories. .. 16!4 Gen Refre cctfs 16% Gen Stl Casting pf.. 13'a Gillett Saf Raz (1). 70% Gillett Saf R pf(5). 213 Gimbel Bros. 23% Glidden Co (1. 108 1047 Glidden Co prpf (1) 3% Gobel (Adolf). 15% Gold Dust (1.20). 9 Goodrich (BF) 45 Goodrich (B F) D . 28 1% 1974 24 Graham-Paige. 5% Granby Consol. 3 Grand Union.. 17 Grand Union pf 134 30 Grant (WT)(1).... 11% Great 7% 10% Great N 311 26% Grt West Sug (2.40) 2% 1 Guantanamo Sugar. —_— 6% 4% Hahn Dept Stores. . 63% 55 Hahn Dpt Stores pf 20 16% Harb Walker (1)... 861 81 HatCpfww (6%). 3% 2% Hayes Body... 150 142% Helme (G W)pf(7). 7% 73% Hercules Pw (13%) 125 122 Hercules P pf (7).. 9% 7% Holland Furnace. .. 11 8% Holland & Son (50c) $91% 338 Homestake M (136) 36% 31 Houd-Hersh A (j2). 9% 7% Houdaille-Hersh B. 52'a 43 Howe Sound (3).... 5% 2% Hudson & Manhat.. 13% 8% Hudson & Man pf.. 12% 8% Hudson Motor Ca 3 2 Hupp Motors.. —_— 17% 9% Iilinois Central.. 23% 167 Illinois Central pf.. 33 30% Indus Rayon (1.68). .70% 65 Ingersoll-Rand (2). 118 109 Ingersoll R pf (6).. 55% 507 Inland Steel (1).... 3% 2% Inspiration Copper. 4% 4% Insur Shct Md 14c. 16% 12% Interboro Rp Tr(k) 1 515 Interlake Iron. 5 3% Int Agriculture. 16115 149% Int Bus Mach (p6) . 6% 41 Int-Carriers Ltd 20¢ 33 26% Int Cement (h25¢). 43% 37% Int Harvester (60c) 2% 18 Int Hydro Elec (A). 3% 2% Int Merch Marine. . 24% 22% Int Nick Can (60c). 3 1% Int Paper & Pw (A) 614 Int Paper & Pw pf.. 21% Int Print Ink (1) 9815 Int Print Ink pf ¢ 29 IntSalt (1%)...... 75% 70 IntSilver pf (4).... 9% T Int Tel & Tel....... 36 31 Island Creek C (4).. ———————— 57 53% Jewel Tea (3)...... 57% 46Y% Johns-Manville.... 125 120 Johns-Manv pf (7). 1 190s 1 3 3 1 s o - B A L L L - IS 12 23% 101 31% ® 3 =5 60s 115% 115% Kan C P&L 1st pf 6. 8% 6% Kans City Southern 19 15% Kayser(J)& Co 50c. 2% 11 Kelly-Spring T (k). 13% 7Tl Kelly-Sp Tire 6% pf 15% Kelvinator (+70c).. 90% Kendall Co pf (6).. 15% Kennecott C (60¢) 108 1 6 208 62 1% Lehigh Valley Coal. 81 Lehigh Val Coal pt. 6% Lehigh Valley RR. 69% Lehman Corp (2.40) 15% Lehn & Fink (1%) . 26% Lib-O-Ford G1(1.20) 213 Life Saver (1.60)... ]07% 102 Ligg&M 15 109% 102 Ligg & M: ) 30% 25% Liquid Carb (t1%). 367% 31% Loew’s Inc (2). 1% 1% Loft Ine. . 36% 34% Loose-Wiles (2). 129 126 Loose.Wiles pf (7). 21% 19 Lorillard P (12.20). 135% 130 Lorillard P pf (7).. 1% 1 Louisiana Oil.. 14% 7% Louisiana Ofl pf. 47% 39 Louisv & Nash (3). ——— 32 28% McCall Corp (2).... 13 9 McCrory Strs A (k). 8 McCrory Strs B (k). 8% McGraw Hill Pub. .. 36% Mclntyre Porcu (2) 90% McKeegport T P (4) 7 McKesson & Rob... 37 McKesson & Rob pf. 12 McLellan Stores (k) 24% Mack Truck (1).... 36% Macy (R )& Co(2) 1% Mallison & Co....... 4 Manati Sugar pf (k) 17% Man Elevm g (k).. 4% Marancha Corp.... 5% Marine Midld (40c). 7% Marshall Field T 1 5 1 13 2 0 208 9 2208 2 108 2 ] nu»onnn-zu»m‘usu=n»-os - 1 10% Midland Steel 61% Mid Stl Pr 1st pe(4) 58 Minn-Hon R (13%) 4% Minn Moline Pow.. 33% Minn Moline Pow pf % Minn & 8t L (K).... 3 Mo Kan &Texas... 6% Mo Kan & Texas pf. ‘g Mo Pacifis pf (K).w .....s:......§.......... Monsante C (1) eean 3 134 4:90pm. Stock and Sales— Prev. I.Sl Hish Dividend Rate 30% 24% Montgomery Ward. 66 61 Morrell(J)&Co 3.60. ”2 % Mother Lode. 22% Motor Products. 11% 8% Motor Wheel. 59 36% Mullins Mfg pf. 8 5% Murray Corp... 10 19% 14% Nash Motors (1)... 10 27% 18% NashvChat & StL.. 20s % 5% Nat Acme Co. ot 2k 8% 6% Nat Aviation. 4 30% 26% Nat Biscuit 2).. 32 146 142 Nat Biscuit pf (1).. 2 18% 15 NatCash Reg AG60c 2 17% 15% Nat Dairy Prod 1.20 12 4% 1% Nat Dept Store (k). 3 34% 21% Nat Dep St 1st pf(k) 40s 291 24% Nat Distillers (50c) 23 125 121% Nut Lead pf (B)(6). 7% 6 Nat Pwr& Lt (80 Nat Ry Mex 2d pf 43% Nat Steel (11%) 8% Nat Tea (60c). . Low. Close. clot 18! 21 93% 92% 92% — 128 128 128 + 5% b% + 120% 120% + 8! 18% 4% + 24 108% 4% — % + 51 20% x 43% Newberry (J J) 1.60 5% Newport Industries 23% N Y Airbrake. 14% N Y Central R 12% N YChi&StLpf.. % N Y Investors (k).. 2% N ¥ N H & Hartford 6 NYNHG& Hart pf. 3% N Y Ontario & West % N Y Railways pf. .. 90 N Y Steam 1st (7).. 30% Noranda Mines (h2) 99 Norf & West pf (4)., 215 North Am Aviation, 10% North Am Co (1)... 3784 North Am Co pf (3). 15 Northern Pacific FFEE EE IR FRER FE8 97 35%, 101% 4 13% 42% 21% 208 22 308 7 30 1 14 FEE FEFR * ER 10% 9% Ohio Ofl (h45c).... 4% 3% Oliver Farm Equip. 5% 4 OmnibusCorp...... 7% 6% Oppenheim Collins. 15% 13% Otis Elevator (60c). 110 106 Otis Elev pf (6) N 7% 5 OtisSteel.... 46 22% Otis Steel pr pf.. 90% 837% Owens-11l Glass ) 14% 238 2% 8y 5% 1% 4% 1% 3% 1% 17% 13% Pacific G& E (13%). 208, Pacific Lighting (3) 70 Pacific Tel & Tel (6) 50s 7 Pac W'n Oil (hi0c). 16 4 Packard Motor..... 26 % Panhandle Prod&R. 1 3t Par-Publix ctfs (k) 23 15 Park & Tilford. 21 Park Utah.. % Pathe Exchange. ... 13% Pathe Exchange(A) 9% Patino Mines. 1% Peerless Motor. 64% Penney (J C) (h1:40) 3% Penn Dixie Cement. 19% Penn RR (1) 30 Peoples Drug S (1). % 18 PeoplesGasChi.... 13% Phelps Dodge (h75¢) 48 PhilaCopf(6)n...x 23 Phila Co $6 pf (3) 3 Phila Rap Tr (k 215 Phila & Read C & 38 Philip Morris (1).. 14% Phillips Petrol (1). % Pierce-Arrow (k)... % Pierce Oil 7a Plerce Petroleum 315 31% Pillsbury Flour 1.60 170 AT 2715 Pitts United C pf... 9% + 7 Plymouth O (g75c). 49% +1% T4 Poor & Co (B)..... 20% — % 2 Porto Ric Am Tob A 3% % Porto R Am Tob B. 2% + 1115 Postal Tel & Ca pf.. 5% — 2 Pressed Stl Car (k). 3% + 10 Pressed StCpf (k) 10 17 42% Proc & Gamb (1%). 9 314 + 2013 Pub Serv N J (2.80) x 12 12% - 62% Pub Ser 10 Pub Sve 88% Pub Ser 46Y% Pullman Inc ) 6% Pure Oil. 531 Pure Oil pf. 8% Purity Bake! 5 814 6% + % 56 - % an - % 85%4»% 29% — % 19% 18% 18 13% 615 274 Y 2613 106% 106% + 3% — 10« 14 1 11 24 K 25 49 FREFE FRF 61 10% 4% Radio Corporation. 513 Radio Corp pf A 3% x 3515 Radio Corp pf (B).. 115 Radio-Keith-Or (k) 18% Raybestos-Man (1). 3813 Reading 1st pf (2). 8% Remington-Rand 71% Remington-R 1st pf 23 Reo Motor Car 1115 Republic Steel. 36% Republic Steel pf.. 82 Revere Cop & Br pf. 21% Reynolds Metals1). 5612 Revnolds Tob (3).. 4615 Reynolds Tob B (3) 217 Roan Antelope Ltd. 32% 29% Roy’l D h1.30 &-10c. 46 38 Safeway Stores(3). 110 106 Safeway Strspf (6) 17% 13 StJoseph Ld (40c). 21; 1% St L San Frpf (k). 8% 6 Savage Arms 2815 23% Schenley Distillers. 4 214 Schulte Retail Strs. 20% 13% Schulte Re Strs pf. ™ 1 Seaboard Air L (k). 1% 1 Seaboard A L pf(k) 267 21 Seab'd Oil(Del)(t1)x 4013 32% Sears Roebuck 49% 44 Sec Nat Inv pf (32). 9% % ServelInc......... 14% 9% Sharon Steel Hoop. 5% 42 Sharp & Dohme. .. 9% 7% Shattuck(F G)25¢ 7% 6% Shell Union Oil. 78% 68% Shell Union Oil pf. 10% 8 SimmonsCo... 18% 15 Simms Petrol (1) 20 17% Snider Packing. 14% 13 Socony-Vac (60c 111 107% Sol Am Inv pf(5s). 25 20 Sou Por RicoSug(2) 12% 11% South Cal Ed 1%3) 19% 13% Southern Pacific 16%: 8¢ Southern Rail 20% 10% Southern Rwy pf. 7% 6 Spalding (AG).... 50 46 Spalding(AG)lstpf 40s 5% 3% Sparks-Withington. 2 370 366 366 32% 32 32+ 81a 81 an abh 46— 3 3% I+ M 81, 8% B+ % 9% — 2% 9y 2% 2% 1% — & 18 +1w 1% + % 69% + Y 120 +2 52 2% % - 14 5% — 3% + 159 + 4% + 27 + 394 + 1% + 2% + 23% + a2 % + 24% + 101 1% 18 30% 69% 120 52 69% : T~ 33u — 565% — 8 46% 46% — % 122 122 122 +2 1 4 R FELE PEFEFFEREFIFES 115% uw 115% 6% 6la ~— 1% + ‘“Mné‘sh Low. Close Chge. 27 % 143% 143% 0s 124 4 5% Het an 1'!! Low. 24% 'l 66% % 22% 9% b52% 5% 15 18% 24% — % 65% — % % 9% 8Y% Sperry 22% -- % % + Y 53% +1% 6%~ % 15 18% — % % — % 7 +% 26% — % 143% 15% — % 16% 1% 24 + % 26% 26% — % 123 123 -2 5% 5% - % % 43% 9 24% 50% 6 79% 68 Spiegel 4% 5% 16 26% 16% 15% 16% 16% 1% 1% 24% 224 27% 64 :% 67 Stewar! 21 2 2% 9% “ + 4% 9 24% — % 51+ % 6 + % 24 15% — % Hh - % 24 154 33 Tex: 3% Tex Pa 84 Tex Pa 61% The Fal 14 Thomp: 2 Thomp: 8% Tide Wi 84 Tide W 36% 5% 3% 42y 5% 32 Timken 5 Transa: 4% Truax- 4% Trusco: 6 2% 2% 5013 49 . 165% ll 11y JsUlens ‘;‘ Un Carl 14% Un Oil 95 Un Pac! 11% United 5% United 24% United 113 United 46 ted 1'4 United 211: United 10t Cnited 5 United 71% United ited ted ted LA+ A Gy Gy & U Ru Sm 124% 106'. U S Sm +++ 1411+ 94 % 65!z 59 2 79% U S Ste 3% United 48'; United 52 Univ L« 1% 213 14% 36 4% 274 100 86 15 5 Vadsco 16 Vanadi; Car Car Car 15 2% 3z Ty 213 Walwol 3 1714 West P 1041 21 Westin 10 White 1'2 White 2 Wilcox 5% Wilson Woolw Worth Worth 521 9% FEOFES 24 4% 20% Yale & 3% Yellow 42 38 Yellow 21 18% Young 21% 15% Young; 4% 3% Zonite 13% 13 1 111 24% 23% 11% 11% 15% 14% 10 90y 127, 11% 5% 5% 46 46 4% 4 FOESEE ¥ cash paym a-cunuou sUnit of trading | vo 1n stock locl ~Plus amaena- anized n stock L s B | st Y% Stock & Diridend Bate 5 Spear & Co.... 36 33. Spencer Kellog 1. 11% 9y Spicer Mfg...... 19% 16% Stand Brands (1). 126 123 Stand Brands pf (7) 4% 3% Stand Com Tobacco 2% Stand Gas & Elec... 3 Stand G&E $4 pf... 81 Stand G & E $7 pf. . 32% 29% Stand Oil of Cal(1). 113% 111 Stand Oil Exp pf(5) 25'% 23% Stand Oll of Ind (1) 43% 38% Stand OIl N J(t1%) 58% Stering Prod (3.80) 2% Stone & Webster 41 Studebaker pf (k 118% 115% Sun Oil pt (6). 1% Superior Oil. 9% 6% Superior Steel, 2 Symington (A) 8% Telautograph (1) 4% Tennessee Corp 19 TexasCorp (1) 103% 100 Tide Wat Oil pf (5) 2% Tri-Contl Corp. . 86 TI'rico Prod (2%) 18% Twin City R T p! —_—— 40 31'; U S Steel 72% Va El & Pwr pf (6). Va Iron Coal & C pf 1% Wabash (k). 21 Wabash pf (A) (k). 5% Waldorf Sys (h2 hPaid ePayable ‘:n cash or stock us ECom) -mu reported in receivership @Plus in xl‘l a 'ld nd h AMO(I lllh Low. uol. Clll. - 5% asu 35 u 8% 8% 8%+ % 10% 10% 10% + % 69 69 69 Corp (25¢).. -May-Stern.’ 17% 17 17 lz:h 126% 126% +1 29% 13 ll-’l ll’i #"n 24% 24% 39% 38 63% 63% ™ T 3 2% % 4 118 1% 6% 2% t-Warner. c Coal & Oil. c Land Trust ir pf (35%4) . son Products son Starrett. at Asso Oil.. OADL(6).. - S RB@).... merica (25¢) » “Tra Coal n Steel . NN OHATACE NS B VAN 2 Co. Un Bag & Paper (4) b & C (1.60). of Cal (1) ific (6)... 24% Un Tank Car (1.20). Afreraft.... Air L vtc... Bise (1.60).. Bisc pf (7).. Carbon 2.40. CorD . Corp pf (3). Drug Elec Coal... Fruit (3)... Gas Imp (1) PceDW. Pce D W Df. % For'n Secur.. reight (1).... psum (1).... psum pf (7) Indus Alcohol. . Leather. Leather (A)... Pipe & F (50¢c) . F 1st pf 1.20. DISE, - ez dns bber 1st pf. . &R Df(3%). eit& R (h). el pt (2) Stores (A).» Stores pf... eaf Tob (2 1% Util Pwr & Lt (A).. Sales Corp. um Corp.... 11% Van Raalte. 34’- Vick Chem (' -40). Chemical. Chem 6% nf Chem 7% pf 140s 108 1 0c) rth Co 1'; Ward Baking + 2813 Ward Baking pf (2) Warner Bros Pic... Warner Bros Pic pt “»x Warner-Quinlan 313 Warren Bros 4'; Webster Eise; : Wesson O&S(11.25) Wesson O&S pf (4). West Pa Elec A (7). West Pa Elec pf (6) 'a Elec pf (7) West Pa Pw pf (6). West Pa Pwr pf (7) 1: Western Dairy pf B 63 Western Maryland. 1% Western Pacific.... 23, Western Pacific pf. 24's Western Union.... gh'se AB 50c 35% Westingh'se Elec.. 46's Wheeling Steel pf.. Motor. . 21% White Rock M S (2)’ Sewing Mch. Oil & Gas... & Coal2lzc. Wilson&Co pf(6) n. orth (2.40).. ington Pump Pump pfA.. Wright Aero Wrigley (Wir)t314. Towne (60¢) Truck Truck pf... Spr Wire (1) stown S&T.. 383, 185 16% - 16% + % Products.. 2 4 l-l-l of Stocks on m Il' York Exchange. 1: 190,000 360,000 12:00 Noon. a3 siven b the above ta ased op the lat 1083 than 100 ehares tPartiy 3Plus lsst sear—no reqular rate “SEayavie ‘in Plus $1 1D special oreferred mbe.clumnll'm r reor- 2.5 et stock aPaid this vear stock nPlus 3% in 1% + 8t — 16% 93% —1% 16% = % 10% + % 56 + x/. 20% — 109% 110 +l 61% — 23% Petition Requests Reorganization of C. G. V. Railroad By the Assoctated Press. CHICAGO, February 28.—The Chi- cago Great Western Railroad, oper- ating 1,499 miles of track, linking Chicago, Kansas City, Omaha and Minneapolis, filed a petition to reor- ganize today under section 77 o! the amended bankruptcy act. The line’s petition, filed in Federal Judge Charles E. Woodward's United States District Court here, declared that the road was unable to pay $710,~ 880 interest due March 1 on its 4 per cent first mortgage bonds. ‘The court authorized the company to continue in operation under its present management, pending the submission of a reorganization plan. P. H. Joyce, president, said the 4 per cent first mortgage bonds con- stituted the line's principal secured liability. There were few unsecured creditors, he said. Once a $100,000,000 institution, the Chicago Great Western operates in Towa, Nebrasks, Minnesota, Missouri and Kansas. New York Cotton % + % IM% lfld‘h 104% +1 10‘% 106% 105% + % 27 21 + % 86% 35% 35% + % 1% 1% 1% 36% 36% 35% +1 128 127% 128 — % 20% 20% 20% — % 132 uo% uov. +% 8\( 8!‘ !K+9fi 39U 3% — % selling. my-o(-mcmunmd- afternoon, while later months were mwflhhlulpflnhdm» (] Liverpool Quotations. 28 (P 3 e 42000 " e “CIII i:.’hn 3 7'1 42; strict t) ut hwfliddlm 'u’.n stri i 32 10% 8% 43% 9% 1% 42% 13% 24% 37% 1% 5% 19 6 8 27% 6% 38 37 43% 4 29% 2% 11% 61% 4% 36% % 3% % 2% 59 INTEREST OMITTED BY D. &R. G. BOARD Directors Select Committee to Complete Plans for Re- adjustment. By the Associated Press. NEW YORK, Fbruary 28.—Directors of the Denver' & Rio Grande Western Raiiroad today omitted interest due tomorrow on its first consolidated mortgage bonds pending completion of & plan of readjustment. A special committee of directors was appointed and instructed to proceed with the completion of a plan to be submitted to the board at a meeting not later than March 21. POST APPOINTED FISCAL AGENT FOR MARYLAND Special Dispatch to The Star. BALTIMORE, February 28.—Hooper 8. Miles, treasurer for the State of Maryland, announces the appointment of A. H. 8. Post, president of the Mercantile Trust Co., as State fiscal agent. Mr. Post succeeds Morton M. Prentis, president of the First Na- tional Bank, as State fiscal agent. The appointment becomes effective March 1. —— DOLLAR GOES HIGHER IN LONDON DEALINGS By the Assosiated Press. LONDON, February 28. — The United States dollar gained 3 cent the pound today, closing &t 4155-10 to the pound, as eompnnd to yesterday’s close of 4.861- opening was at yesterday's ehdn( The French franc closed at 72.94 jcan. | to the pound, as compared to yester- o | day's close of 73.20. PARIS, February 28 (#).—Three per cent rentes 81 francs 40 centimes; 4% per cent rentes 91.70. , 73.00. The Commiittee Fights Fourth National Investors’ Merger By the Associated Press. NEW YORK, February 28.— The Stockholders’ Committee of Fourth National Investors' Co., headed by Thomas E. Brittingham, jr., today made a second plea to shareholders for support for its plan opposing the proposed merger of the company with other investment trusts. The committee, in a letter to stock- holders, stated that the anual meet- ing proposed for March 4 will take up the question of consolidating with National Investors’ Corp., Second Na- tional Investors’ Corp. and Third Na- tional Investors’ Corp. the annual meeting for several weeks and, prior to the date of the adjourned meeting, intends to submit to share- holders a plan which, the committee says, “would result in bringing realiza- tion price approximately to asset value without the $1,500,000 sacrifice the present plan involves.” STANOLIND MAY BUY YOUNT-LEE OIL CO. By the Associated Press. HOUSTON, Tex., February 28.— President Frank O. Pryor of the Stan- olind Ofl & Gas Co, in a formal statement last night said his firm, a cubsidiary of the Sundlrd Oil Co. of Indiana, is negotiating for purchase of all the stock of the Yount-Lee Ofl Co. of Beaumont. ‘The Houston Post says the consider- ation is approximately 850,000.000. Stanolind engineers are production, unhdeveloped acreage and pipe lines of the Yount-Lee holdings in Texas and Louisiana. N.R A.LABELBAI.ESLAG NEW YORK, 28 (P).— According to figures issued by 12 code authorities, sales of N. R. A. labels in the apparel industry totaled 23,584, 538 for the holiday week. This com- pared with 26278051 in the week ended February 16, A | - B HiMay . el daly coll 2 LATE IN' SESSION Many Early Advances Lost or Replaced by Small Recessions, BY VICTOR EUBANK, Associated Press Financial Writer, NEW YORK, February 28.—The stock market turned somewhat irrege ular in the late dealings today. Many early gains of fractions to a point or 3 50 were cancelled or transformed into small losses. The trading volume dwindled appreciably. The alcohols were a firm spot, United States In- dustrial getting up more than a point. Continental Can advanced as much, United States Steel, Bethlehem, Gen- eral Motors, Chrysler and Santa Fe were fractionally lower. Transfers approximated 600,000 shares. Among shares up fractionally to around a point were United States 2 | Industrial Alcohol, American Commer- cial Alcohol, United States Smelting, Howe Sound, American Smelting, Santa Fe, New York Central, Ameri- can Telephone, Consolidated Gas, American Tobacco “B,” Liggett & Myers “B,” American Crystal Sugar, South Porto Rico Sugar, American Can, Case, Glidden, Johns-Manville and General Electric. United States Steel and Bethlehem were a trifle | easier, along with General Motors, Chrysler, Du Pont and Canada Dry Ginger Ale. Such issues as Mont- gomery Ward, Sears Roebuck and Westinghouse were virtually un- changed Most market commentators were still maintaining a cautious attitude toward equities, generally, although expecting technical rallies from time to_time. It was pointed out, however, that many potential stock buyers were not | inclined to expand commitments un- 1, 1 duly pending assurance that the recent | court setbacks received by the N. R. A. Administration will not compel the Government to drastically alter its re- covery program. Whether business can resume its forward pace in the face of doubts as to the legality of various New Deal plans was a matter of argument in industrial circles. While rail issues were being studied closely by transportation analysts, some cheer was found in the an- nouncement that the N. Y. Central had notified the I. C. C. it can meet 1935 maturities by extension and the sale of additional bonds. At the same | time the situation of the carriers was further stressed by the reports of the first 51 roads making statements for January which disclosed a 21.9 per | cent decline in net operating income | under the same month last year. | By the Associated Press. CHICAGO, February 28—Selling which broadened in the corn market late today disclosed a lack of support irom buyers and led to lower prices. Wheat weakened with corn. New York arrivals of wheat from Argen- tina and of rye from Russia were a bearish factor. Corn closed unsteady, - yesterday's finish, May 8413 13-z down, May 97%-% to 13 up, and prnmlom v trom 5 cents decline to an equ-?mn“un July.lC | September 16. 16.72 Chltl(n Cash Vlnket Wheat, No. 2 yellow, hard, 1.05%; No. 3 hard, 1.05; No. 2 mixed, 1.02; corn, No. 2 yellow, 89-90; No. 4 yel- low, 85-87; No. 2 white, 95; oats, No. 2 white, 56'2; No. 3 white, 55!;; rye and buckwheat, no sales: soybeans, No. 2 yellow, 1.22; barley, 75-1.20; timothy seed, 16.75-17.75 cwt.; clover seed, 15.50-19.85 cwt. Liverpool Grain Prices. LIVERPOOL. February 28 (P.—Wheat futures closed steady. Prev, March e May . 4™ Jaiy T n 1 Exchange. 4.84'3, FOREIGN r RKETS. By the Associated Press. LONDON._Cheerfulness the Stock Exchange today of the markef developed The feature was strength in gold min- ing shares. e$becially Kafirs. on_ the new high record price of bar gold. Gilt- ldl!d securities were firm >n cheap money investment busing. foreign rails_were i were dull: The marke; closed s PARIS —Better _ Wall Slrrfl helped "to im stronger on t! e y. shares were particularly influenced talk of curtaliment of production to taken up at the proaucers’ conference at H::dYork next month. The closing was BERLIN.—Stocks reacted favorably on the Boerse today (o the decree reducing interest on additional German governs ment bonds by converting them into_se- gurities paying lower interest rates. The firmness _continued until market closed. when & slight setback as " Tesis ere eady. e 2 'h _ were PRer MONEY MARKET. NEW YORK, February 28 o money steady. 1 per cent all day. Time loans steady: 60 days-6 months. Y.l per cent. Prime commercial paper. 3 Bankers' ecceptances unchanged. Redis- “"":e nr:te. New York Reserve Bank. lip ‘The committee proposes to adjourn | per RN, NEW YORK BAR SILVER. NEW YORK, February 28 (#).—Bar silver firm, 3, higher at 565. xelg have funas paysiisble for First Prompt attention iven BRADLEY, BEALL & HOWARD Phone Na. 0271 Southern Bldg. Established Over 35 Years DIRECTORY COMMODITY BROKERS COTTON e fot Ut BN 6 g:-un cm:‘-'n.a“ Boar fl,‘ Laidlaw & Co ; Westheimer & ea A B (3 IUIIEI;—HID!S METALS—SILE lvmm eommam lnho}