Evening Star Newspaper, March 3, 1935, Page 62

G4 FINANCIAL, THE SUNDAY STAR, WASHINGTON, D. C, MARCH 3, 1935—PART FIVE. CURB LIST TEND T0 HIGHER LEVELS Small Advances Registered. Metals Hold Gains of Previous Session. By the Assoclated Press. NEW YORK, March 2.—The Curb market closed the week today with a number of small gains. Volume was moderate for the two-hour session, transfers approximating 121,000 shares, compared with 103,000 a week ago. Metals largely retained their ad- vances of the previous session. Steadi- ness prevailed in Pioneer Gold, New- mont and Wright Hargreaves, while Lake Shore added nearly a point to its sharp rise yesterday. Greyhound Corp. also extended its recent advance by 15 points. Frac- tional improvement was recorded by Aluminum Co. of America, Allied Mines, Swift Internacional and Creole Petroleum. Utility issues, including Electric Bond & Share and American Gas and Electric, ruled about even. CORPORATION REPORTS TRENDS AND PROSPECTS OF LEADING ORGANIZATIONS. NEW YORK, March 2—The fol- lowing is today’s summary of cor- poration news prepared by Standard Statisties Co., Inc., New York: Fiat—Company had net profits in 1934 of lire 24,000,000, against no profits in the previous year; a divi- dend of 5 per cent was declared, un- changed. Ford Motor Co.—Company has re- opened assembly line at its Cin- cinnati branch plant, closed since 1932; daily production of 175 cars was planned. Ford Motor Co. of Canada, Ltd— Company produced 9.000 units in| February, 1935, against 4,428 in Janu- ary, 1935 Mullins Manufacturing Corp.—Com- | pany has opened another section of its plant and announced that 250 men | would be put to work in next two| weeks; January net profit of com- pany was $32.027; shipments for the first two months increased about 80 per cent over same 1934 period. Young (L. A)) Spring & Wire Co.— 1934 comm share earnings were | $2.09 vs. $1.07. Electric Storage Battery Co.—1934 common share earnings were $2.21 vs. $2.23. Branch (E. J) & Sons—1934 com- mon share earnings were $1.83 vs. $1. American Bank Note Co.—1934 deficit was $291,201 vs. deficit $239.- 338; president said that at end of 1934 company carried forward as unfilled orders double the amount of 1933. American Thermos Bottle Co. 1934 common share earnings were 97 cents Vvs. 29 cents, Standard Oil Co. (New Jersey)— Company cut price of gasoline % cent a gallon in New Jersey, except in localities in the State where prices have been subnormal. Colorado & Southern Ry.—January net railway operating deficit was $18,300 vs. net railway operating in- come of $91.201 in January, 1934. Chicago, Indianapolis & Louisville Ry—January net railway operating deficit was $28.818 vs. net railway op- erating deficit of $15231 in Jan- uary, 1934. Minneapolis, St. Paul & Sault Ste. Marie Ry.—January net railway oper- ating deficit of system was $333,652 vs. net railway operating deficit of $230,535 in January, 1934. New York, Ontario & Western Ry.— January net income was $51,038 vs. $59,204 in January, 1934. Ryerson (Joseph T.) & Son, Inc.— | Company called for payment May 1, 1935, at 102, entire issuc of its deben- tures 55, due November 1, 1943. |t Charis Corp.—1934 common share | ;- earnings were $1.64 vs. $1.81. v Van Raalte Co.—1934 common share | earnings were $1.41 vs. 17 cents, Powdrell & Alexander, Inc.—1934 ! deficit was $204,594 vs. net mcc:mr.-_C $229,495. Edison Electric Illuminating Co. of Boston—1934 common share earnings were $9.70 vs. $10.03. Bell Telephone Co. of Pcnnsylvanln ~Janauary net operating income was $1,224,650, compared with $1,260,274 | Lead w in January, 1984. Chicago Great Western R. R.— January railway operating deficit was $125,109, compared with net railway operating deficit of $10,702 in January, 1934. Pressed Steel Car Co.—Trustees for company were granted permission by | Federal Court, Pittsburgh, Pa., to issue | $1,000,000 12-month 5 per cent trus- tees’ certificates. INSURANCE STOCKS NEW YORK. March 2 (7.—New York Beourity Dealers’ Association: Aetna Cas (+215) Aetnz Fire (1.0) Actna Life (%1, Agricultural ( Am Ins Newa; Am Reinsur ( Am Surety (1) )i 1 Bt Pal “Fire' (6. 8pringfleld (d'2) Sun TLife .. Travelers (16) © S Pire (°1.40} ‘Westchester (*1 1 of last vear. | normal. U. S. Costs Exceed 8-Months Income By $2,249,923,235 By the Associated Press. The Government lived $2,249,923,235 beyond its income during the first eight months of the current fiscal year which ends June 30. But at the close of business on Feb- ruary 28 this deficit was less than that for the comparable period last vear when income was $2,352,170,239 be- hind expenditures. Gross incomes for the eight months since July 1 were $377,000,000 ahead Expenditures were $274,- 000,000 larger. General governmental costs for two-thirds of the fiscal year were $2,- 185,461,545 as compared with $1,826,~ 614,865 last year. Outlays credited to| emergency needs were $2,326,473,822 as against $2,411,15¢,615 a year ago. The gross public debt on February 28 stood at $28,525,994,302, or about $2,- 500,000,000 higher than last year. Commodity Price Changes for Week. BY H. Mcom McGILL, Commodity Service. Inc. uburndale, Mass. AUBURNDALE, Mass., March 2 (P). —Commodity prices climbed to a new | high during the weck ending March 1, despite the fact that more indi- vidual groups declined than the r ber that registered strength matter of fact, only two groups, reached higher ground during the week, namely, live stock and vogetable oils. but in each case the magnitude of the upswing was of broad propor- tions, completely offsetting the more moderate declines in other groups. A check-up shows that while two groups were higher, seven reacted to lower levels and five remain unchanged. The latest figure for all commodities is 73.6, which compares with 634 a year ago. Industrial commodities represented one of the seven groups to decline, although the movement was of a limited character. Incidentally the latest index figure is slightly less than the corresponding period a year ago. Industrial activity is temporarily stabilized around 20 per cent under | Editor | Agricultural prices also declined, reaching the lowest level since early last October. Although wheat and wool prices were slightly firmer, other important items such as corn, oats, | Tye, cotton, butter, eges, hay, potatoes and flaxseed averaged lower than the previous week. Live stock advanced sensationally. | The latest index figure is up to 84, | which compares with 444 on the | same date last year, an increase of 89 per cent. Hogs and cattle reached new highs, cattle not far from the $11 level, while hogs have successfully Jjumped over $9 Nonferrous metals reacted, reflect- ing the severe break in tin prices. Pools formed in England to control markets have failed. Silver and zinc | were slightly higher. | Fine textiles represented one of the seven groups to decline, caused by moderately lower quotations for cot- ! ton, print cloth and silk. Woo! prices are slightly firmer. A lower price average for coar: tiles was caused entirely by cline in burlap quotations. Vegetable oils continued the sen- sational upward price swing that has been unabated for over a year. Again the price strength was general and not confined to any one or two items. During the week cocoanut, corn, cot- ton seed, China wood, palm apd soya bean oils successfully advanced. Most important price changes in the McGill weekly index (1926 equal- ing 100) were as follows: tex- Al commodities Industri Azricuitural Live stock . Fine textiles Vegetable oils YORK March * commodity prices. eu\gls 1005 Index_of » “December 3 1926 aveiage equ Commodity Futures. New York marke Aswmwd K o ts as compiled by the SUGAR—Futures c\uud \Rhcr sale: Ma: 01 steady. un- changed to March, 2 September. 2.2 uary, 2.18b COFFEE—Spot auiet 1z, Santos No B No. 7 Rio futures closed % oty bags. _ March. 5.0n: v_, 5 53n: September. | Eantos futures | March. 8.7 AWHIDE —Futures closed March 9.16b; July. e S5b: December. 10.18. Sales, .- 040,000 Ths. n—Nominal. b—Bid. Dividend Changes By the Associated Press. NEW YORK, March 2.—Favorable dividend changes in the lask week totaled 35, against 20 in the previous week, according to the Standard Sta- tistics Co. of New York. Unfavorable changes numbered 13, against 5 the week before. Details of changes: Favorable. Increased—N. Y. Merchandise, Can- ada Northern 'Power, Time, Inc.; Pittsburgh Plate Glass. Resumed—Colt’s Patent Fire Arms Mfg., Cook Paint & Varnish $4 pfd., Emporium Capwell, General Fire Ex- 4 “icluding extras, {Declared of paid 53 far this year. e NEW YORK BANK STOCKS NEW YORK. March 2 (PN ml’“’ Dealers’ Associatiol awiTerk Bld Asked. 1‘%) . Y% 7% 1785 316 1ot Tr fotiuding extras PHILADELPHIA PRODUCE. HILADELPHIA, March 2 (P.—Live u\"!l—!b'h Plymouth lgfllt. fancy, 18a19. rd ew Eed bronzn lymouth Rocks, 21a22; nlxed‘ choice, 19a20. Dresse 5. s.m‘:‘ednxmn e fair trading: ’"“' unchanged. . sgv-a7v. 92 1 score, 38; 90 score, 32%: tinguisher, Wolverine Tube, Elgin Na- tional Watch, Continental Diamond Fibre, Wheeling Steel 6 per cent cum. pfd., Ferro Enamel. U. 8. Industrial Alcohol, Godchaux Sugars $7 pfd. Extra—Chesebrough Mfg., National Bond & Share, Quaker Oats, Abbott Laboratories, Beech Nut Packing, Bruck Silk Mills, Commercial Solvents, N. Y. Merchandise, Clorox Chemical, Wesson Oil & Snowdrift, American Safety Razor, Loudon Packing, Abra- ham & Straus, Calamba Sugar Estates, Hoskins Mfg, W. T. Grant, Invest- ment Corp. of Philadelphia, Maryland Fund. Initial—Wilson & Co. com., Wilson & Co. new $6 pfd. Unfavorable. Reduced—Ohio Finance 8 per cent pfd., Wisconsin Public Service 7 per per cent pfd. A, Wisconsin Public Service 6%,s per cent pfd B, Wiscon- sin Public Senflce 6 per cent pfd. C, Commonwealth & Southern $6 pfd.. American Hoslery, Columbia Broad- ;| casting System class A, Columbia Broadcasting System class B, England Gas & Electric Association $5.! d.'m pfd., National Linen Service $7 1 > Passed—Ohio Hnlnee class A, Vic- tor Monaghan, United Corp, FINANCIAL, WEEKLY SUMMARY OF THE NEW YORK CURB MARKET 'R WEEK ENDING SATURDAY, MARCH 2, 1935, By the Associated Press. — 1935 — High. Low. Stocks and dividends, 4% 2% Acetol Products A 10 Aero Supply Mfg 2 Aero Supply Mfg B. 18% Ainsworth (p%)... 1 Air Investors Inc 36 Ala Great South'n (k2). 87 Ala Power pf (6). 41% Ala Power pf (7). 124 Allied MilISINC..0ouvae 39% Aluminum Co of Amer.. 70 Aluminum Co pf (1%).. 9% Alum Goods Mfg (40c). 2% Alum Ltd C war Am Beverage Corp. Am Book Co (4) Am Capital B. 4 Am Capital pf (m3y.... 181 Am Cigar Co pf (6) . 116 Am City P&L (a3) A. 32% Am City P&L (k10c) B, 1% Am Cynamid (40¢) . 20% Am Cynamid (40¢) B. Am Dist Tel NJ (4). Am Equities (k10c).... 4 Am & For Pwr war. Am Founders. . Am Founders 1st p! Am Founders 1st pf. D.- Am Gas & Elec (11.20)., ‘e Am Gas & Elec pf (6)... % Am Laundry Mch (40¢). Am Lt & Trac (1. Am Mfg Co. Am Maracaibo Am Meter Co. Am Potash & Chemiical. Am Superpower Am Superpower Am Superpower 1 Anchor Post Fene 61y .‘\Illo \'olhm Mch 4."\)4' 371 30% Babcox & Wilcox (50¢). 31 14 Baldwin Loco bd rts.... 25'; 214 Baumann (L) pf. 2'4 Bellanca Afreraft., 1% Blue Ridge Corp 3612 Blue Ridge C 2%, Blumenthal (S). 9 Bohack (HC 6% Borne-Serym 3% Bourjouis (k 16% Bower Roll Be 8% Brazil Trac Lt 8% Bridgeport Machine 1 BrillCorpA.. AL Brill Corp B. 6's Brillo Mfg (60c) 28'¢ v 81s I’]lf(l 60) ¢ E P 1st pf (5 Bulova Watch cv pf Runker Hill & Sulliv Burco Inc Burco Inc ¢ But! Jle Radio Tube vte Can Hydro st pf Gn\c. 7% Canadian Ind Alco A 1% Canadian Marconi. .. Carib Syndicate Carnation Co (1). Caro P & L $6 pf (6 Carrier Corp Catlin Corp. ¢ “elanese Corp pf Celluloid C orp. Celluloid Corp pf. Celluloid Corp 1st pf. Cent P&L 7% pf (m1%) Cent States Electric. Cent Sta El 6% pf x Centrifuga Charis Co 2)... « Chi Mail Order (1115) 4 Chi Rivet & M (1'3) Childs Co pf Citjes Service. Cities Service pf BB. ... Cities Serv P & L $6 pf. Cities Serv P&L $7 pf Claude Neon Inc. . Clev Elec Illum (2) Clev Tractor Colon Oil. Colt’s Pat 4 Colum G Colum O Comwlth Comwlith z Compo Shoe M ste ( % Cons Aircraf Cons Copper Cons Gas Balto ( Cons Retail Stores. Cons Ret St 8% pf w Cons Royal (20¢). Cooper Bess pf A ww Cord Corp (k Corroon & eynolds Corroon & Reyn'ds pf A Courtaulds ( ' Crane Co. . Crane Co pf. Creole Petroleum. . Crocker Wheeler. Croft Brewing. . % Crown Central Petrol 8% Crown Cork Intl A m75¢ 30 Cuneo Press (1.20)..... 1% Cusi-Mexicana Mining.. he) x 512 Dictograph Products. .. 131 Distilled Liquors. 221x Distill Co Ltd p27 3-10c. 15% Distillers Corp-Seag. Doehler Die Casting. 4 Dominion Tar & Chem Dow Chemical (2)...... Duke Power (3).. : 4 Duval Texas Sulphur... e Eagle Picher Lead East'n G&F As (k30c).. tern G & F pf (6)... ast'n GRF As pr pfdly astern Sta Pw pf B. Kasy Wash Mch B Eisler Elec Corp 4 Elec Bd & Share. . Elec Bd & Share p Elec Pw Asso (40¢) .. .0 Elec Pw Ass0 (40¢) Ave Elec Pw & Lt 2d pf A..e Elec Shareholding. . Elec Sharehld pf ww. Elec Shovel Coal pt pf.. Empire Dist Elec pf Empire G & F 6% pf Empire G & F 7% pf. 18% 10% Empire G & F 8% pf 1% 1 I~.qum Corp T 874 4 Fanny Farmer (25¢)... Fansteel Products. ..... Ferro Enamel (60c) Fidelio Brew Film Inspect Mch Fire Asso (Phila)(2)... “ Fisk Rubber pf (6). 11% Flintcote (p25¢c) A 11% Fla Pw & Lt pf... 28% Ford Mot Can(k1%)( 32 Ford Mot Can(k1%) (B, 14% FroedtertG&M cv pfl. 20 24% Garlock Packing 1). . 1 GenAlloys....... 12% 11% Gen El Ltd rcts klllVlc.. 13% 11 GenG&EcvpfB % % Gen Invest Corp Gen Invest pf. Gen Pub Servi 1% Gen Tire&Rub. .. 97% Gen Tire&Rub pf (6) 59 Georgia Power pf (6).. 24 Glen Alden Coal (11%). 8% Glohe Underwrit (kb0c) 19% Godchaux Sugar A. k] % Goldfield Consol..... 8% Gold Seal Electric. 2% Gorham Inc A. 14 Gorham vic ext (pboc) . 7i 6% Grand Rap Var (50c) 139 126 Grt A&P T n-v (17) 128 122% Grt A&P T 1st pf (7). 34% 20% Greyhound Cp (Del) n.. 84% 3% __ % Grog Store Pr vte . % 60% 65 GuifOillofPa.. e ———————— ¢ & HallLamp ($00)ammme & . 17 0% I+t BREE FEFE L+ ~— 1035 - High. Low. 3 Hamilton Gas vtc. 8 Hazeltine (1) 104% 102% Horn & Hardart pf (7) 13% 11% Hudson Bay Min & 8.. 50% 44 Humble Oil (1)..... 1 8% Huylers of Del. . 3% 2% Hygrade Food Products 34% 26 Hygrade Sylvan (2).... — 13% 111 Pwr & Lt 6% pf..... 13% 111 Pwr & Lt $6 pf. Imp Chem Indus (k1 Imp Oil Ltd cou (180c) . Imp Ol reg (180c) Imp Tob C (1521z¢) . Imperial Toba 32% Grt B&T (k1.03 9-10¢) % Indiana Pipe Line (30c) Indian Terr 111 Oil A Indian Terr 111 Oil B Ins Coof N Amer (2). Int Cigar Mch (2)... Int Hydro El Sys cv pf. Int Mining (k13c). 4 Int Mining war. Int Petrol (2) Int Utilities A Int Utilities B. Interstate Hosl 3% Irving Air Chute (40c) % Italian Superpower A... 307% 20% Jones & Laughlin Steel. % % Kerr l.nke 2% 1% Kingsbu 57 57 Kings( nl.pru) B.... 2% 2 Kirby Petroleum (pl0c)x # & Kirkland Lake Gld.. 7 Bl Kreuger (G) Brew _— 48 Lake Shore Mines (14). x 74 Lakey Found & Mch. ... 1ty pf (1). 1&Nav (50¢). # Leonard Oil. 40 Lerner Stores. 9114 Lerner Stores pf (61;) 6% Libby McNeill & Lib 17% Loblaw G Ltd (1) A. 4% Lone Star Gas (p15 2tn Long Island Light 48 Long Island Lt pf Long Island Lt pf (6) B 4% Louisiana Land & Ex... 30% 26% Lynch Corp (new)..... _— 7% 5% McCord Radiator B..... 30's 21% McWilllams Dredge (1) 815 Mangel Stores 501y Mangel Stores pf ww 29 Mapes Cons Mfg (3).. 8% Marc I M (k26 9-10c). 4 1 Mass Ctil A % Mavis Bottling ( 40% Mayflower Asso (2). 60 Mead Johnson (14). Merritt Chap & Scott. Mesabi Iron. .. Mexico-Ohio Oil. . Michigan Gas & Oil. Michigan Sugar. Michizan Sugar pf. Mock Judson Voe (1). Mohawk Hud 1st pf (4). Molybdenum Corp. . Montgom Ward (7) A. Montreal L& P (13)... Moody’s Inv S pt pf (3). Moore Corp Ltd. Moore Drp Frg (k1. Q)A 22 4 Mount & Gulf (K10¢)... Mountain Prod (60c). arphy Co (1.60). t Investors t Investors war at Sugar .l (2). t Transit (70c). t Union Radio atomis Co (60¢c). hi Corp eptune Meter A w Bradford Oil :wu ew Jersey Zinc (2) w Mex & Ariz Land vmont Mining (k1).. Y & Hond Ro (+1%).. Y Shipbuilding (40¢). 381 39% % Y Water Service pf. az Hudson Pw ag Hud Pw A war, ag Shares (Md) B les-Bemit- Pond. orth Europ Oil Corp. . 53 orth N Y Utpf (7)..40 1012 B 22% 20% \o\adel Agne (2). —_— 201 19 Ohio Brass (50¢) B 91 90K Ohio Oil cu pf (6). 10% 9% Oil Stocks Ltd (50¢). 1 % Outboard Motor B. 1% Overseas Securities. ——— 2% 2% Pac East Corp...... Pac G&E 1st pf (1 Pac Lighting pf (6). Pac Pub Service pf....e Pac Tin Corp spec (2).. 27% i Pan-Am Airways(k30c) 42 . Pantepec Oil. Parke Davis (11.70) . Parker Rust Prod (3).. 4 Pennroad Corp.... Penn C L P pf (2.50) Penn Mex Fuel (k7 Penn Wat & Pw (3). Pepperell Mfg (6). Perfect Circle (2). X Phoenix Sec Corp. Phoenix Sec Corp p Pie Bakeries Inc (40c) Pie Baker pf (7).... Pioneer G M Ltd (80c). x 11% Pitney Bowes P (20c).. 6% Pitts& L E (2%)... 54 Pittsbgh Plate Gl (2). Pond Creek Poca (2) % Potrero Sugar. Powdrell & Alex. Pratt & Lamb (1). Premier Gold (12¢) Prod Royalty (2%c Properties Realty vte. % Propper McCallum. . Prudential Investors. Pub Sve Ind pr pf... Pub Sve Nor 11l no par. . Pub Sve Nor 111 $60 par. Puget Sound P&L 85 pf. s Puget Sound P&L $6 pf 38 Pure Oil pf. 2% Pyrene Mfg ——————————————— 181% 127 Quaker Oats (16) 135Y% 132% Quaker Oats pf (6) it ARt Y 8 7 Railway & Light Sec... 4 4 Rainbow Luminous A.. % % Raytheon Mfg (new) % Red Bank Oil 4% Reeves (Dan) (50¢c). 5% Reliable Stores. ... % Reliance Managemen! 16% Royal Typewriter. 41 Ruberoid Co (1). 3% Russeks Fifth Ave 1% Ryan Consolidated 65% Safety Car Ht&Lt (k3). 1 St Anthony Gold 1% St Regis Paper 254 St Regis Paper pf. 6% Salt Creek Prod (8 29% Schiff Co (2). 20% Scovill Mfg ( 44% Seeman Bros (4% 3% Segal Lock & Haw. 1% Seiberling Rubber, % Selected Ind... 1 48% Selected Indalcfs(3%) 52 49% Selected Ind prpf (3%) 54 24, Selfridge Pr St (k93%c). 2% % Sentry Safety Control.., !: Stocks and dividends, High. Low. Close. Ol; - seseeEs # T+14+1++1 | - & -1% stegt £ |||+’|_'4&' FEFEFETEF Yidd) )| . Latest week. ... 20% =1 @ — 1935 — 288 Singer Mfg Co (6)......240 2% Singer MLtd res k14 3¢, 29 Smith (AO).. 1% Sonotone Corp. 3% South Am G & P u:aoc). 223% South Penn Ol (1.20)... 20% South Cal Ed pf (1%)A. 17% South Cal Ed pf (1%)B. 4 3% South Pipe Line (30c).. 4% Southl'd Royalty (126¢) Spanish & Gen rets..... Splegel-May-S pf (614). % Stahl Meyer Inc.. - % % Standard Brewin, S Stand Cap & 8 (2.30), Stand Invest cu pf. " Stand Oil Ky (11%) Stand Oil Nebr., Stand Oil Ohlo ' Stand Pwr & Lt B.. ‘ Stand Silver & Lead Starrett Corp...... Starrett Corp p Steel Co (Can) (2.1 5) Stein(A)&Co (p25c). . % Stein Cosmetles Inc (). Stetson (JB)....... Stinnes (Hugo) 2% Stutz Motor Car. 11 Sullivan Machine 40% Sun Investing pf. 1 SunrayOil... 10% Sunshine (80c). 2% Swan Finch Oil. 17% Swift & Co (+75¢) 31 Swift Internation; 46% Swiss Amer El pf 2 Swiss Oll (40c) Hughes an) n Kl Pwr 1st pf (7). on Oil & Land (60c). s Pwr& Ltpf (7)., 4 Tob 'rod Export (10¢). Todd & rd (2). 4 Tonopah Mining. Trans Air & Trans-Lux DLPS Triplex $ D (k47 1-10¢) + Tri-Contl Corp war 4% Tubize Chatil Corp. 13% Tubize Chatil Corp A 4 Tung-Sol Lamp 20'% Union Amer Invest. . 4% Unlon Gas of Canadg. % United Tobacco. . 8% United Air war... ’Isl[h. Low. Stocks and dividends, High, Net | ~— 1035 — Low. Olose. Chge, | High, Low. 239 240 -1 3 3N % 42% +3% & 1% . __ Btocks and dividends, 17% 14% United Carr F (1) & United Corp war, % United Dry Docks (r) % % United Founders. 3% - U 1% 28% + % & 21% - % 18% 4 % United + %W 1 United 4 United 4Y% United % United 70 United 36 United ATR USK ] % United 3 United 2% United % Utah A 4 43Y% Utility 1% Utility 1% Utility West M Woolw 84 W) n & Yukon Dividend rates — 14| annual payment. ln stock. aPayable ~1y | 5% In stock. 4% — 3 | 8% In stock. pPaid % dividends. nPlus 1 rate, £ xEx dividend. Baltimore Markets Speciat Dispatch to The Star. | BALTIMORE, Md. March 2—Due to light receipts the live poultry mar- ket bas taken on a very firm tone and all desirable stock meets with | ready sale at full quotations. The weather is entirely too warm | for dressed poultry and dealers are re- luctant to handle any killed stock, preferring live fowl which is killed to meet the demand. Young hen turkeys, nine pounds | and over, are bringing 26 to 28 cents & pound and gobblers 18 to 23 as to size, but old hens and old toms are hard to place at irregular values. Young chickens, two pounds and over, are in good demand at 23 to 25. But poor, thin, stock moves slowly at 12 to 14. Old hens are very scarce and prices show an advance of 4 cents pound at 20 to 24 for stock ! |velghlng 3'2 pounds and over. with Leghorns semng mostly 18 to 20, but | poor, thin, fowl as well as old roosters | find slow sale at 11 to 14. Demand for ducks has shown an improvement with values a shade | higher at 12 to 20, with white va- ' | rieties bringing top values, but stock | under 4'; pounds will not bring over | 11 to 12, Capons are in very light receipt and | meet with ready sale at 25 to 28 for | birds weighing 5 pounds and over. The market for guinea fowl and pigeons is firm at 30 to 50 each for 74 | the former and 15 to 20 a pair for the 7 | latter. | Eggs Remain Easy. Due to more liberal receipts from # US Dairy B. nishing (r) 14 Utility Equities # Venezuela Petroleum.. Waco Alreraft Walgreen Co wa Walker (Hiram) r (Hiram) pf (1). West T; gPlus 6% in stock. 1 United Gas Corp. #& United Gas Corp war 85% United Gas Corp pt 64 United G & E pf (7) Lt & Pwr pf Lt&Pw B Lt & Pw pf. Molas Ltd (p6%) Profit Sharing. . Shoe Mch (1414) Sh Mch ,.rm,;. .. F ] T+ w5E S o 3 FeF |+ L j=yey &F [} P ntl S 18t pf w % US Lines pf. S Radiator pf Stores vic Verai Ext (40c)+ Wall Paper 7 Univ Insurance pex. 186 Utah l"&bpf ml. 162 Jc % Util Pwr & Lt. Equities pf 314 & Industrial. & Industrial n Copper. ‘0al & Coke. SHISEE * & FE ||¢¢+l| West Auto § West Ca artri 1d pf ab & @ L Fris h FW Ltd p46 ght Harg (i60c Gald. in dolars based on last quartedly or semi- s00dd lot trading fPartly extra. {Plus 4% in cash or stock. bPayable in stock. fPlus hPayable in seript. Plus this year—no regular rate. mAccumulated 0% 1In stock. kPaid last year—no regular rCompanies reported in receivership or being reorganized. BUSINESS ENTERS NEW MONTH WITH HOPEFUL OUTLOOK ___(Continued From First Page) | individual Federal Reserve dls!nc?.s follow: BOSTON.—A steady market ln shoes, reported in the first district. Shoe factories in many cases started pro- duction for Easter demand. General business was improved slightly. NEW YORK.—Although the total | of buyers entering the New York market was under the previous week, requests for bids on machine tools appeared as a heartening note. Fall inquiries on merchandise also were reported to be incerasing. Buffalo steel activity was off 5 points to 40 per cent of capacity. PHILADELPHIA —Bank amtemenu for the third district indicated a mixed trend in trade and industry with seasonal improvement in the Philadelphia area almost negligible. Wool ma:kets were quiet while manu facturers of silk full-fashioned hostery | said business was holdirg up well. Richmond Gains Shown. RICHMOND.—The fifth district noted higher power use and steady to better sales. Washington department store sales continued high, collections were strong, and credi§ use expanded apparently in anticipation of restora- tion of Government pay cuts. CLE' .—Despite a fall in steel production, miscellaneous busi- ness and industry was reported hold- all sections, the egg market continues easy and values show a slight decline | at 22 and 22! cents for hennery | whites and 20%: and 21 for medium | henneries and current receipts. | Duck eggs are in light receipt and | under good demand; the market is | firm at 28 to 30 dozen. | The market for white potatoes con- tinues dull and values under liberal receipts from all sections show a de- cline at 70 to 75 per 100 pounds for U. S. No. 1 stock, with ungraded selling mostly 60 to 65. | Sweet potatoes and yams are un changed from last week at 1.10 to 1.25 | bushel for the former and 65 to 1.00 for the latter. The live stock market on the wharves holds steady to firm, espe- cially on hogs, which continue in light receipt, but too many poor, thin cat- tle being shipped, which moves slow | at inside prices. Live Stock Quotations. Quotations today at Light Street Wharf: Beef cattle, first, quality pound, 8a9; common to medium, pound, 5a7; bulls, as to quality, pound, 312a51%; cows, choice to fancy, pound, 4%:a5'2; common to fair, pound, 3a 4; oxen, as to quality, pound, 3.a 514; calves, choice, pound, 8:a9; large, fat, heavy, pound, 6!:a7 ierge, rough, heavy, pound, 5!'2a6 common. thin, pound, 4a5; old bucks, ‘ pound, 21za3%%. Sheep, pound, 3a4; Spring lambs, choice, fat, pound, 8!,a9; fair to good, pound, 6a8; small, thin, 4a5. Hogs, straight, pound, 8a9; sows, pound, 6l%a7'%; stags, pound, 4la 51 live pigs, pound, 11al12; shoats, Ppound, 9a10. Closing grain quotations—Wheat, No. 2, red, Winter, garlicky, spot, do- mestic, 98%; March delivery, 98%%; corn, No. 2, yellow, domestic, 92a94, Western billing at a premium over this price. Oats, No. 2, white, domes- tic, 64a69; No. 3, 63a68. Rye, nearby, No. 2, 85a90. Barley, 90a95. e MOODY’S INDEX SHOWS MODERATE TRADE LAG By the Assoclated Press. NEW YORK, March 2.—Statistics appearing during the last week indi- cated a moderately declining business tendency, according to Moody’s index figures for freight car loadings, elec- tric power production and steel ingot output. These index figures are adjusted for seasonal variation—that is, if the change from the previous week should coincide with the normal seasonal change, the index figure would be un- £ & Car Elec- Tloadings. tric. 61.9 X Previous wnk 61.9 0. 0.0 2R S ecoas B3t DO (1928 nekl} (Copyright - 10 U. 8. TBEASUBY NOTES. NEW _YORK., March 2 (.—Prices quot- 'z- ed T GolOrs snd NIty -setonds. Month. Pet. Yllr. Bid Alled fllld arch ... P 25523s o T 4 ARRR R i =5 = ) FESSIEE et HaREy 33353 s o ottt b o ot et bttt ot ot ekt R s | vields damaged 20 ing firm in the fourth district, retail sales were reported up 5 per cent from the previous week and about 15 per cent over a year ago. \NTA —Birmingham tion continued unch: at 55 per cent of capacity. HICAGO. — Wintry weather dragzed Dusiniess i some. secdons of ‘the Seventh district, but indications were that general trade remained on An even keel. Ret ers, Sholesalers and manufactirers s ted the outlook promising for excellent Soring business. . Construction_ permits. m Chicago increased in February althoush the value was less. ST. LOUIS—With additional furnaces opening. iron and steel continued to pre- dominafe the eighth district business pi | ture. "Farm_supplies advanced and vol ume reached a high point for the last three years. General retailing slumped; Wholesalers. felt the. Teaction MINNEAPOLIS.—The record of business fln the ninth district continued during the | st half of last month at higher levels | han & year ago_ bank reports indicated CITY.—Mild open weather permitted the conservation of short lnd supplies In the tenth district. prices _adval sharply. stocks were at the lowes: season in trace, lmnlemem above a year oods. Jott 5 ‘er Cent. drugs lost 7 per cenz Pnd Bardware and furniture was . about ‘even. Retail sales gained an estimated 15 per cent in February with the same proportionate in- crease last week. —Farmers counted losses from freezing weather in the elevepth district 25, far South as the lower Grande In m-t‘" section "beans “were. Te- | per_cent killed. potato 4,50 to 75 1 to' 110 per " cent quality lowered and scattered damage to squash and cucumbers. Practically no damage was caused to beets. carrots. cab- bage and citrus fruit SAN FRANCISCO.—Wholesale and re- | tail ‘grocers were upset over a tentative Federal decision to substitute food baskets for the cash dole. Other wholesale and retail lines contintied at good levels. mining was more active. Western stocks made numerous new highs. lumoer orders And oif drilling wa Bank debits ‘indicated busin ast o “weeks ‘was ‘sround the ‘best levels'of three years. CLEARING HOUSE ISSUES REPORT AT NEW YORK NEW YORK, March 2 (#).—The weekly statement of the New York Clearing House shows: Total surplus and undivided profits $721,990,000 (unchanged). Total net demand de- posits (average) $84,775,000 (increase). Time deposits (average) $351,000 (increase). Clearings week ending today, $3,995,031,125. Clearings week | ending February 23 as $2,940,376,971.* *Five days. — TOBACCO INDEX RISES. NEW YORK, March 2 (#).—The Stich tobacco index rose from 122.1 to 123.7 last week, with the average price for loose leaf burley 16.2 cents & pound. wool and cotton textiles was | in teel produc- | Gold | FOREIGN EXCHANGES. YORK. March 2 (% —Foreign ex- change irreguiar: Great Britain in Gollars. giners in cents’ Great Bricain demand: 5. 47715 60-day bills_ 476 France, ‘demand .45: cables. 6.7 ita demand. K 4R : K481, Dem; | Beletum, 30%64; Hrlllnd e o0 214 Pinla Yiea: Spain 94157 Polane 424 Yugosiavia ork. 9 1003742, ———e NEW YORK SUGAB NEW YORK. March 2 (#.—Raw sugar was firm today and nothing was offered | below :3.05. or & points above the last spot price. ' The only sale was 21 Cubas for second half of T an outport refiner at the 3 1" potnt dower io 1 firmed on increased buying {ifuerced "by the frm "spot market. erch p from 2.05 while in”th £ 205 an 4 points net s Rtllmnl (‘chpd lh! un!um and final prices were a shadi Siles'n the No- 1 coniract were 2. tons and in th i contracy su 30 T 1 closed at 2.0} ed sugar was junchanged at 4.30 for fine granula: ew Montreal. n—Nominal, MONTREAL March, tures closed strong. Sales 5 B840 50 '.'5 40:00 8078 60300 ARE YOU HOLDING Non Dlvl end-Paying Securities? it will be decidedly to your ldVl tage to communicate with this advertiser. All replies strictly confidential. Address Box 169-E, Star Office {§ Annuity Rates Going Up We have made no change in our annuity rates and for a short time will accept limited amounts of for the purchase of annuities with the same rate of return which has been effective in the past. This will probably be your last oppore tunity to get such a larze return {] from this tvpe of investment. | We will be glad to fur- nish detailed information without obligation. || Vernon W. Holleman, G Home Life Insurance C 332 Shoreham ' Build! Telephone Metropolitan 1030 | National Capital Insurance Co. | of the District of Columbia On the 31st day of Deumber. 19 required under section 647 1! of Law for the District of Columhh INCOME. Net premiums Total interest and rem Other income Total income. . DISBURSEMENTS Nej amount paid policyholders or All ‘other disbrsements . Total disbursements..... $04 | Real estate Mortgage Xonm on real umu Bonds and stock: Cash in compan! Deposits _in banks. Agents’ balances !ntlr!s and rents dll. or ac- A Other ssseis.” Gross assets. $4.000.00 360.560.00 26.863.75 150.00 42.241.290 2.190.95 LIAB Net unpaid claim: Total unearned "dfemiimi Other labilif Cabital patd up, Surplus over ali li Total ... !L’M fil( 71 NET PR!M!L'MB WRITTI:N DURING D\*Xlrh:t of | Fir | Motor ‘veniicles Tornado windsto: and eyclone. , Plate glass.... .,}"' MH 'vfl !1'&154 .51 m ident. R. EDWARD EARLY. Subscribed -nd |worn tn before me this IT EARNS AND EARNS AND EARNS When you make investment in our Over Forty Years FIRST MORTGAGES There are no frequent reinvestment problems. You are putting your of money to work continuously, for a definite term of years; at a fixed interest, tected by Experience First Mortgage Investments B. F. and with principal pro- improved real estate. SAUL CO. REAL ESTATE National 2100 925 15th St. N.W.