Evening Star Newspaper, March 7, 1935, Page 16

FINANCIAL, AUI]II[]RIUM[}(]RPITRANSACTIONS ON THE NEW YORK STOCK EXCHANGE'SI(][}KSR[G]S][R WILL PAY HOLDER Coupon 5 on First Trust Obligations to Be Met at Once. BY EDWARD C. STONE. Notices were received throughout the financial district today, signed by Robert N. Harper, president of the ‘Washington Auditorium Corp., an- nouncing that coupon No. 5 on the first trust bonds of the corporation will be paid at once. This will be good news to the many holders of these bonds, as the pay- ments of interest have been far in arrears for several years. The Wash- ington Auditorium has had a checkered financial career for a long time, in fact almost since it was opened. The Auditorium was unable to earn enough to take care of the cost of operation and at the same time meet the bond interest payments as they came due. The result was that the interest payments had to be passed up over a considerable period. Last year part of the back payments were resumed. Today’s announcement indicates that the corporation is in a better financial position. The No. 5 coupons may be cashed at the office of the American Security & Trust Co., or holders may leave them with their banks for collection. When the Auditorium was built it filled a compelling need for a big auditorium in the Capital. It was a financial success until Constitution Hall was erected by the D. A. R. That step brought about the keenest kind of competition, which proved very damag:ng to Auditorium earnings. The present payment, as well as being a happy surprise to a host of the bond- holders, may mean that regular pay- ments can be made in the future. The Washington Auditorium is located at Nineteenth and E streets and New York avenue northwest. Bromo-Seltzer Earnings Gain ‘The report of Emerson's Bromo- Beltzer Inc., for 1934, has just been made public and is of special interest here because the “A” stock is listed on_the Washington Stock Exchange. The report shows net income of $1,177,546 after interest and taxes, equivalent after dividend require- ments on 98,508 shares (par 25). of 8 per cent cumulative preferred stock excluding 361 shares held in treasury, to $1.45 a share on combined 50,567 shares of class A excluding 4.967 shares held in treasury and 625,118 shares of Class B excluding 250 shares held in treasury. Both Class A and Class B stocks are of $2.50 par value. This compares with $532.403 or 49 cents a share on combined 50,560 shares of Class A and 625,041 shares of Class B stocks in 1933. The “A” stock pays $1.60 a year dividend. The issue has been very quiet on the Washington Exchange for a long time. The stock now stands at 18 bid and 22 asked. The widely known company's head office is in Baltimore. Fewer Failures; Losses Lower. In his detailed review of conditions 8o far this year, Chairman Hoxton of the Richmond Reserve Bank states that in the fifth district, January, 1935, failures numbered only 85, with liabilities amounting to $502,482, com- pared with 98 insolvencies for a total of $1,764,717 in January, 1934, de- creases of 34 per cent and 72 per cent in number and liabilities, re- spectively. Figures for both number of failures and aggregate liabilities involved were the lowest reported for any January since 1920, and tne dis- trict decreases in comparison with January, 1934, figures were consider- ably larger than the national de- clines in both numkter of failures and liabilities involved In reviewing the employment situ- ation, the Reserve agent says that ‘weather conditions hurt outside work of all kinds early in the year. Clos- ing of the tobacco markets released several hundred warehouse employes too early for Spring farm work to absorb them. Other 'ndustries in the District are nearly all using norimal quotas of work- ers, he adds, but construction work continues 'n small volume and ap- pears to be the chief obstacle to eco- nomic recovery. Banks Get Treasury Notices. All Washington banks received word from the Federal Reserve Bank of Richmond that subscription books for the current offering of Treasury notes of series A-1940 will close at the close of business Friday, March 8. Subscriptions placed in the mail be- fore midnight, Friday, March 8, as evidenced by post office cancellation, will be considered as having been en- tered before the close of the subscrip- tion boaks. Subscription books for the Treasury bonds of 1955-60 will remain open until further notice for the exchange of Fourth Liberty Loan bonds called for redemption on April 15, 1935. Today’s Trading on Exchange. Capital Traction stock sold higher on the Washington Stock Exchange today than yesterday. In very light trading it moved at 25% and closed at 25, up half a point for the session. ‘Washington Railway & Electric pre- ferred sold at 103. Mergenthaler Linotype was active, opening with 100 shares selling at 30. Later 29 shares and 7 shares sold at the same price, unchanged from other Tecent sales. 1In the bond division there were two $1,000 transactions in Washington Gas 5s, 1960, both at 115,.a new high mark for the present year. Peoples Drug Stores preferred closed today with 111 bid and none offered at any price, after yesterday’s monthly report showing an increase of 14.2 per cent in February sales. Sales for January were up 10.9 per cent. Careful Bank Study Urged. The United States Chamber of Commerce directors are calling atten- tion of the commerial and industrial interests of the country to the im- portance of the far-reaching changes in the basic features of the Federal Reserve System proposed in the pend- ing banking bill. “It does not appear too much to say,” the board declared, “that these P are of such serious import as to justify the same deliberate and careful consideration that was given by Congress and the country to the plan for the original esnbuahmgnt of the Federal Reserve System.” “The proposed changes,” the state- ment said, “would affegt the general public and the customers of banks even more than the banks themselves. The commercial and industrial ele- ments of America, in the public in- terest as well as in their own protec- tion, must ask that time be granted for _thorough consideration of the proposals.” BOND VALUES INCREASE. NEW YORK, March 7 (#)—Bond issues listed on the New York Stock Exchange had a total open market value of $41,111,937232 as of March 1, against $41,064,263,510 on February 1, the exchange announced. Prey Hich, 3';: 11% 8% 1% 20% 1% 7 17% 20% 5% 18% 2954 122% 123 20 45% 123, 604 5% 4 25 Am Comcl Aleohol. 3%, 131 15% 16W 24 261 401 125% 18% 92 43 701, 1065 843 865 61, 19% 4% 9 1%, 43, 12% 107, By private wire di) Stock and Dividend Rate e l-ln— 193 L Add 00. Low Abr & S pf(7)called lllll w. Adams Express.... 29% Adams Millis (2)... 8 Addressograph.... 6% Affiliated Prod (60¢c) 1% Air-Way Elec Appl. 16% Alaska Jun (11.20. 1 Alleg Corp (k). 3% Alleg pf w$30w (k). 143 Allis-Chalmers..... 15% Alpha Port Cmt (1) 471 Am Ag Chem Del(2) 13% Am Bank Note..... 25% Am Brake Shoe 80c. 119 Am Brake Sh pf (7) 110 Am Can (t5) . 121 Am Car & Foundr: 29 Am Car & Found 8 Am Chain. 38 Am Chain p 66 Am Chicle (13%). . - T ISR ABYPPN @ S ® 6% Am Crystal Sugar. . 575% Am Crystal Sug pf. » Am Ensaustic...... 215 Am & Foreign Pwr. !'“- Am & For Pw pf (6) 17 Am & For Pw pf (7) 4's Am & For Pw 2d pf. 19 Am Hide & Leath pt 30% Am Home P (2.40). 312 Am IceCo. . . 5 Am I[nternational 2 Am La Fran pf (k). 11 Am Locomotive.... 37 Am Locomotive pf. 193, Am Mch & Fy (80¢) 2 Am Power & Light. 9% Am P&L $5 pf (1%) 12 Am P&L $6 pf (1%) 11% Am Radiator. . 171 Am Rolling Mi 20% Am Shipbldg (2) 32% Am Smelt & Ref 121 Am S&M 7% pf (7). 125% Am Steel Foundry. . 88 Am Stl Fdry pf (2). 37% Am Stores (12%).. 60 AmSuRtI)........ 102% Am Tel & Tel (9)... 77% Am Tobacco (5) 78% Am Tobaceo B (5 3% Am Type Fdrs (k).. 1132 Am Type Fdrs pf (k) 9% Am Water Wks (1). 5%.Am Woolen. ...... 1 Am Writ Paper o 2 Am Zinc & Lead. . 9'. Anaconda Copper. . 103 Anchor Cap pf(6%) 36 Archer-Dan M t1 9974 Armour Del pf (7) 4'; Armour of Illinois. ., 85 Armour of Ill pf. . 6415 Armour Il pr pf ) 4 Arnold Constable. ., 37% Atch To&S F (h2).. High. Low. Close. Chge, 112 110 Abr & Strauss pf(7) 30s 113 113 113 +2 11 %lllh 111'6 @ 8 - SnuaponmnRlosa~wmeanal Ee PSS 2 75'% Atch To&S F pf (5). 258, 43 110 29%, 14 5% 6% 26% 1 177 110 445 19 78 1315 1141y 17, 173, 381, 34% 7, 26% 137 2314 108 10 971, 25% 3414 301 205 60 421 peiy 4% 11% 165 138, 36 63 99 44 35% 4% 3l 2T% 5514 12%, 47 6%, 45%, 447% 2% - 3 4% 5% 10% T34 114 29% 424 22% 234 Atlantic Coast Lin 221, Atlantic Ref (1) 37 Atlas Powder (2). 1062 Atlas Powder pf «6) 18! Auburn Auto. . 8 Austin Nichols 313 Aviation Corp Del 1!; Baldwin Loco (k). . 9 Baldwin Loc pf(k). 81 Baltimore & Ohfo. .. 10; Baltimore & Ohio pf 108 Bang & Aroos pf(7) 574 Barnsdall Corp. . . .. 40 Bayuk Cigar (b¢).. 361,. Beatrice Cre (a50c) 72 Beech-Nut P (t313) 12 Belding-Hem(h50c) 112% Belg Nat pt pf(7.02) 12'; Bendix Aviation. 15! Beneficial Loan 1 ‘6 . 34 Best&Co (2). 245 Bethlehem Steel. . 63% Bethlehem Stl pf. 16% Bigelow-San Corp. 10% Blaw-Knox. ....... 18 Bloomingdale (40c) 103% Bloomingdale pt (7) 6% Boeing Airplane. . 90 Bon Ami (A)(15). 231 Borden Co (1.60) 28Y% Borg Warner (1% 24%; Briggs Mfg (2)... 231 Briggs & Strat (3).. 367 Bkin-Man T(a75¢c).. 57 Brown Shoe (3). 26 Budd (EG) Mfg pf. 3 _ Budd Whea! 13~ Bush Tr Bldg pf ct. 1!z Butte Copper & Zine 1 Butterick Co.. 131 Byers (A M) 40 " Byers (A M) pf. 36 California Pkg(135) 13 Callahan Zine...... 27 Calumet & Hecla. 9 Campbell-Wyant 9% Canada Dry G A (1) 97 Canadian Pacific. .. 33% Cannon Mills (2) 50% Case (J I) Co.. 90 Case (JI)pf(4). 3615 Caterpillar Trac(1). 23 Celanese Corp. 2 Celotex Co (k). 13 Celotex Co vte (k) 22% Cent Aguire (1%). 38 Central RROfNJ, 9 Century Rib Mills. 38% Cerro de Pasco (2) 4% Certain-teed Prod... 40% Ches & Ohio (2.80). x 38 Chesap Corp (3)... x 11 Chi & East I11 pf(k) 2 ChiMIIStP&P.... 2 ChiMilStP&Ppf, 3 Chi& Northwestrn. 5% Chi & Northwest pf. 5 Chi Pneumatic Tool 10 " Chi Yellow Cab (1). 26% Chickasha CO (2).. 321 Chrysler Corp (1).. x 85 20 City Ice& Fuel (2).. 2 87 CityIce&Fpf6%.. 40s % City Stores (k)..... 3 71 City Stores ctfs (k) 13 Clark Equip (80c).. 1 16% Colgate-P-P (50c).. 17 10% Collins & Alkman... 9 2% Colo Fuel & Iron(k) 2 10% Colo & South. ... 7 Colo & Sou 1st pf 77 Colo & South 2d pf. 4% Col Gas & Elec..... 45 ColG& EDpfA (6).. 3415 Colum Pic vte (m1). 67 Columb Carbon (4). 3913 Comcl Credit (2)... P ) - PYTTTIIS eSS PAr e~ * 521 Comel Credit(A)(3) 113 62‘/& 23 1% 40% ‘34% 8% 31 20!( 29 Comcl Cred pt (1%) 1097 Comel C 1st pf(6%) 29% Comecl Cred (B)(2). 56% Comcl Inv '2r(12%) 18% Cacmel Solv (85c).. % Comw & Southn. 291 Comw & Sou pf (3). x 28% Congoleum-N(1.60). 18% Consol Film pf (§2). 157% Consol Gas N Y (1). 72% Consol Gas pf (5)..: 7% Consol Ofl (h42c) 1081 Consol Oil pf (8)... 215 Consol R R Cuba pf. % Consol Textile. . ... .. 10% Container Corp (A): 37% Container Corp (B). 47% Contl Baking (A) 7% Contl Baking (B)... 46% Contl Baking pf (4): 62% Contl Can (2.40).... 30 Contl Insur (11.35). % Contl Motors......: 16% Contl O Del (h50c). 44% Corn Ex Bk&Tr (3). 60, 62 Corn Prod Ref (3). 4% Coty INC.........c0 35% Cream of Wht 2% . 121% Crosley Radio. 23% CrownC&S (1). 43% Crown C&S pf(2.70) 4 Crown-Zellerback. . 17% Crucible Steel...... 59 Crucible Steel pf. 1 CubaCo....... 5% Cuban-Am Sugar 41 Cudahy Pkg (2% 17% Curtis Publishin; 9314 Curtis Pub pf (1) 2% Curtiss Wright.. 6% Curtiss Wright (A). 75 Davega Strs (al0c). - 2433 Deero & Co.vvevesed 19 Deere&Co pt (§20c). 251 Delaware & Hudson 12 Del Lack & West. 1% Den & R G W pf. 261 Diamond M (11%4).. 34% Diamond M pf (135) 34% Dome Mines (13%). 8% Dominion Strs(1.20) 181 Douglas Aircraft 3 Dunhill Intern 89% Du Pont de N (2.60) S Sarammooaam - EET-FNCITE PRI BRacwr ~Sweve - ~RoSeanl THE EVENING STAR, WAQHI\’ to The Star. 5 104 T 1 16% 1 31' 10% + % TH + ' -% 121% 121 117 121% +1% N7 +% 121 204 + % 0% + % 8% + % + 8 + 4 116% 12% 29 10% 60% 76 97 +2 2% %+ % % — % 26 + % 21% + % 27% +1% 12% : l 1% - % 1% l 28% 4 % 36% 39 9% ~ % 1% + % 3%+ % 24 + W dizh 2:30 pm. Prev. 1035 Stock and Sales— Low Dividend Rat 129 126% Du Pont deb 107 104 Dugquesne Lt 5) 8 5% Eastern Roll Mills.. 123% 110% Eastman Kod (5)... 160 141 Eastm’n Kod pf (6). 20% 16% Eaton Mfg (1)..... 29 20% Electric Auto Lite.. l09‘a 107 Elec Auto Litepf ¥. 4% Electric Boat. - X!!n 6% Elec & Mus Ind. 3 113 Elec Pwr & Light. T% 4 Elec Pwr&Lt $6 pf.. 8% 5 Elec Pwr&Lt $7 pf. 27% 1% Engineers Pub Sve.. 20'2 14% Eng Pub Sve $5 pf.. 5% 5 Equit Office Bldg. 14 8% ErieRR...... 17% 10 ErieRR Tst) nf 125 10% Eureka Vac C1(80c) 23% 16! Evans Auto (a25c). - 2% 1 Fairbanks Co 9% 5 Falrbanks Co pf. 241 17 Fairbanks-Morse. 91 713 Fairbanks-Mrs pf.. 58 48 Fed Lt& Trpf (6).. 41 3 Fed Screw Works. . 1% «Fed Water Sve (A). 1 341: 30% Fid Ph F Ins(11.35) 2 110% 106% Filene's S pf (614).. 40s 14'; Firestone (40c). 3 471 First Nat Strs(2 ”;) x 21, Follansbee Bros (k) 20% Food Mach (a25c) 11': Foster-Wheeler. 5% Foundation Co.. 9 Fox Film (A)...... 35 Franklin Simon pf.. 20 Freeport-Texas (1). _— 6 Gen Am Investors.. 34 Gen Am Trans(1%) 131 Gen Asphalt . % Gen Baking (60¢).. T4 5% Gen Bronze. . 25% 201; Gen Electrie (6 11% 11 Gen.El spec 600 3835 35'2 32% Gen Foods (1.80)... % 1, Gen Gas & El (A)... 65% 597 Gen Mills (3)...... 1184 116 Gen Mills pf (6). 34% 28 Gen Motors (1). 113 107'; Gen Motors pf (5).. 33 31 Gen Outdoors Adv.. 247 17% Gen Print Ink 1.20.. . 100 93 Gen Print Ink pf(6) 30 18 Gen Ry Signal (1).. 1 Gen Realty & Util... 16% Gen Refractories 16'x Gen Refre cctfs. 134 Gillett Saf Raz (1).. 21, Gimbel nros. - 235 Glidden Co (11.30) . 108‘ 1047« Glidden Co pr pf (7) 31, Gobel (Adolf)..,... . Gold Dust (1.20) ..., : Goodrich (BF).... » 18% Goodyear T & 2 Graham-Paige 53 Granby Consol 5 2% Grand Unfon.. 354 30 Grant (W T)(11%) 178 lflh Great Northern pf.. . 2 Great Nor Ore (50c) 317 263. Grt West Sug (2.40) 127'2 119 Grt West Sug pf(7) 2% 1 Guantanamo Sugar. 6 4% Gulf Mobile & 1 7119 150 12 3008 110 4 14 13 1 4 1 3 20 5 1 7 58 1008 508 5 208 108 2 T 6% 65 4% Hahn Dept Stores. . 55 Hahn Dpt Stores pf Hall W F Printing. Hanna (M A)pf( Tat Corp (A). » Hercules Pw u:s‘) Hercules P pf (7). Hershey Choc (3).. Holland Furnace. Tolland & Son (50¢) 4 Houdaille-Hersh B. % 2% Houston Oil (new). 43 Howe Sound (3).... 23, Hudson & Manhat. #. Hudson Motor Car.. 2 Hupp Motors...... TN 125 lé" 73 9% Illinois Central... . 281 Indus Rayon (1.68). 64 Ingersoll-Rand (2). 49% Inland Steel (1).... 212 Inspiration Copper. 4 Insur ShetMd l4c.. 12% Interboro Rp Tr(k). 5 InterlakeIron...... 3:: Int Agriculture. x Int-Carriers Ltd 200 2511 Int Cement (1)..... 36 Int Harvester (60c) 13 Int Hydro Elec (A). 214 Int Merch Marine. .. 22% Int Nick Can (60c). 1% Int Paper & Pw (A) 6 Int Paper & Pw pt. . 13 Int RysCent Am pf 120 29 IntSalt (1%). 1 67'4 Int Silver pt (4 6% Int Tel & Tel. 10 Interstate Dept Strs _ 57% 41% Johns-Manville. ... 73 5612 Jones&Laugh 7%pf. 17% 33 TO% 55% 37 4% 90s 474 Kans City Southern 7' Kans City South pf. 712 KaufmannDeptS40e 15% Kayser(J)& Co 50c. 5 Keith-Albee Or pf.. 6 Kelsey-Hayes (A).. 31 Kelsey-Hayes (B).. 15! Kelvinator (170c).. 90% Kendall Co pf (6).. 15 Kennecott C (60¢c).. 20% Kresge (SS)(1)... 23Y Kroger Gr&Bk 1.60. 't Co (3). 101; Lee Rub&Tire (50c. 6% Lehigh Valley RR. 69 Lehman Corp (2.40) 323 25% Lib-O-Ford G1(1.20) 23 211 Life Saver (1.60) ... 107% 102 Ligg & Myers (15). 109'4 102 Ligg & Myers B(15) 8% 31% Loew’s Inc (2) 1% Loft Inc... 34% Loose-Wiles (2). 19 Lorillard P (12.20) 12% Louisv G&E(A)1%. 38% Louisv & Nash (3). —_— 40 MacAndrews & F 13 2815 MeCall Corp (2)... . 8% McCrory Strs A (k). 7% McCrory Strs B (k) 571 McCrory Strs pt (k) 36% McIntyre Porcu (2) 9013 McKeesport T P (4) 7 McKesson & Rob... 37 McKesson & Rob pf. 12 McLellan Stores (k) 36% Macy (R H)& Co(2) 1% Mallison & Co...... 813 Mallison & Co pf... 17 ManEle? mg (k).. 11 Manhat Shirt (60c) 1 Maracaibo Oil Exp. 5% Marine Midld (40c). 21 Marlin-Rockwell (2 11% 7% Marshall Field. ... 32 258 Mathieson Alk(1%) 148 136 Mathieson A pf (7). 44 38% May Dept Str (1.60) 7 b5l MaytagCo........s 391% 33 Maytag pf ww (3).. 3% Mengel Co. 241x Mesta Mach 27% M-G-M Pic pf (1. 2% Miami Copper . 10% Mid-Cont Pet(h! 10 Midland Steel Prod. 60% Mid Stl Pr 1st pf(4) 58 Minn-Hon R (13%). 4% Minn Moline Pow. .. 417% 32% Minn Moline Pow pf % K Minn&StL (k).... 6% 3 Mo Kan& Texas... 141 - 6% Mo Kan & Texas pf. 30% 23% Montgomery Ward. # Mother Lode. . . .. 19% Motor Product 8 Motor Wheel. 36% Mullins Mfg pf 14 Munsingwear Inc 5% Murray Corp.... NS SN [ S - TN ERA R ST PN RHN N WRE ONA BRI S &R e H o0 S » -] P 5 o 19% 12% Nash Motors (1)... 27% 18 NashvChat & St L., % 5% Nat Acme Co. = o S IS 18% 14% Nat Cash Reg A 60¢ 17% 15% Nat Dairy Prod 1.20 4% 1% Nat Dept Store (k). 34% 21% Nat Dep St 1st p£(k) 29% 24% Nat Distillers (50c) 168% 145 Nat Lead (5). 125 121% Nat Lead pf ( & 7% 6 NatPwr & Lt (30c) % % Nat Ry Mex 2d pf. 50% 43 Nat Steel (t1%4) 52 43% Newberry(J J) 1. - ©% 408 32 3 165 508 125 1 4 21% 12% N Y Central RR. &0 25 12% v YChi&StLpf, 122 117 N Y & Harlen (5).. 5% 18% 2215 4 13% 13 80s 116 116 116 Add 60, High. Low. Close G 1 128% 1284 1284 + % 50s 104% 104% 104% 5% + W 118% + % 5% 117% 150 - 178 21 109 109% 41 6% 1% 4 3% 1t 150 TON, D. C. et 18% + % 22% +1 +1 - THURSDAY, MARCH 17, 1935. 2:30 o.m. Prev. 1935 Stock and Sales— High. Low Dividend Rate % % NY Investors (k).. 27% N Y N H & Hartford 6 NYNH& Hart pf. 3% N Y Ontario & West 9'; N Y Shipbldg (40c). 30% Noranda Mines (h2) 160 Norfolk & W (110). 2'5 North Am Aviation. 10'4 North Am Co (1)... 37% North Am Co pf (3). 13% Northern Pacific. ..: 357% Northwest Tel (3).. 1% Norwalk Tire&Rub. 3 5 14 4 4 1 1 25 2 3 Oliver Farm Equip. 16% Oliver F prpf A.... 4 Omnibus Corp. .. 6 Oppenheim Collins.. 13 Otis Elevator (60¢). 47% Otis Steel.......... 90% 837 Owens-111 Glass (4) 215 145 1'; Pacific Coast. 30s 13% PaflflcG&E(l’,i). 2 205 Pacific Lighting (3) 1 70 Pacific Tel & Tel (6) 70s 374 Packard Motor..... 3 Par-Publix ctfs (k) Park & Tilford 215 Park Utah. 7x Parmelee Transport “x Pathe Exchange. .. 3. Pathe Exchange(A) Patino Mines Peerless Mot *enney (J C) h Penney (JC) pf (5) 2'; Penn Coal & Coke. . 312 Penn Dixie Cement. 18% Penn R R (1) 18 Peoples GasChi,... 3% Phelps Dodge(h75¢) 3 Phila Co 36 pf (3).. 37x Phila Rap Tr pf (k) 2 Phila &Read C& 1, 14'4 Phillips Petrol (1) “» Pierce-Arrow (k) % Pierce Oil... s Pierce Petrol 8 Pitts Coal 614 Pitts Screw & Bol(.. 25% Pitts Steel pf...... 7 Plymouth Oil (l) 10% Postal Tel & Ca pf.. 1% Pressed Stl Car (k). 42% Proc & Gamb (1%). 72115 Proc & Gam pf (5).. 7% 20% Pub Serv N J (2.80) 85! Pub Serv N J pt (7) 43% Pullman Inc (3)... 65 Pure Oil. .. 52 Pure Oil pt . 30= 8% Purity Bakeries (1) 1 11 30 2 - o % S " ST - ST CT o PR O I b Oy e S 10s 17 3 13 8 10% 57« 4'; Radio Corporation. 51' Radio Corppf A 3% 352 Radio Corp pf (B).. 1'; Radio-Keith-Or (k) 12 6'« RR SecIll Cent.... 208 18 Raybestos-Man (1). 1 30 Real Silk Hos pf. 8% Remington-Rand 2!z Reo Motor Car. 'Il)‘- Republic Steel. . 3 : Republic Steel pf. . 11 Republic Steel pfet 1 Reynolds Metalsl). 3 21, Reynolds Sp 40¢)... 2 46!z Reynolds Tob B (3). 25 217« Roan Antelope Ltd. 3 35 10s 2 1 E 3 231 § chenley Distillers. 18 2 Schuite Retail Strs, i 12': Schulte Re Strs pt.. 70s . Seaboard Air L (k). 3 “x Seaboard A L pf (k) 21 Seab’d Oil(Del) (1) 37 Seagrave Corp. 314 Sears Roebuck..... 1'; Second Nat Invest. 73, Servel Inc.. 110 106 Safeway Strspf (6) 17% 11' St Joseph Ld (40c). x h‘- Shell Union Oil. 8% Silver King C “0:) 6'% Simmons Co....... 15 Simms Petrol (1) 613 Skelly Ofl..... 60 Skelly Oil pf ww. 2814 Sloss-Sheffield ptf. 17% Snider Packing 12% Socony-Vac (60 20 Sou Por RicoSug(2)x 1114 South Cal Ed 1%).. 135 Southern Pacific. .. 815 Southern Ratlway. 10% Southern Rwy pf ... 3% Sparks-Withington. 5 Spear & Co 33 Spencer Kellog 1.60 7% Sperry Corp (25¢).. 3314 Spicer Mfg pf (3).. : 60 Spiegel-May-Stern. 16% Stand Brands (1).. 31x Stand Com Tobacco 2'; Stand Gas & Elec... 17 3 StandG&ES$4pf 7%, Stand G & E $7 pf.. 29'4 Stand Oil of Cal(1) . 111 Stand Oil Exp pf(5) 23% Stand Oil of Ind (1) 37% Stand Oil N J(13%) 13 Starrett(LS)(a2ic) 58% Sterling Prod (3.80) 1%, Sterling Secur (A). 36 Sterling Securcv pf 10 60 16 10 9 108 2 19 10s = 30 et Add 00. xm: Low. Close. Chge. % Prev. 1035 High Low 9% 4‘. 5 T 4 6% 3% 9% 33% 160 2% Stone & 6815 64% Sun Oil 16% 2% 9 5% 2% 9% 5% 21% 363 4% 11 19% 4% 5 4 84 % 36% 5% 3% 421 6 5 27% 29% T'imken i+ + £ 6113 50'; 42 Un Bag 49 44 16% 1115 120% 21 8% 445 67x 5212 9% 4% 50% 40 62% US Sm 3 Va-Car 20% Va-Car 70 Vulcan 114 31, 3012 5% Wilson e 31 4% 3 Yellow 21 21 Dividend rates Stock and Dividend Rate 6% Stewart- Warner. 13 Superheater (SOC)-. 1% Superior Oil 1 64 Superior Ste 3% Sweets Co of Am. 2 Symington (A) 8 Telautograph (1) 4% Tennessee Corp. 18 Texas Corp (1) 15% Thatcher Mfg (a25¢ 3 Thermoid C 2% Third Avenue ! 14 Thompson Products 2 Thompson Starrett. 814 Tide Wat Asso Oil. . Tide Wat A O p£(6) 103% 100 Tide Wat Oil pf (5). 514 Timken-Detroit. 5 Transameriea ( 2% Tri-Contl Corp. 36 Trico Prod (2%)... 4 Truscon Steel... 3% Twin City RT. 18Y% Twin City R T pf 55 Und-Ell-Fisher (2). United Gas 1 United Pce D U S Distributing pf. U S & For'n Secur.. 1 USGypsum (1).... 42 U S Gypsum pf (7). 160: 147% T 36‘/4 U S Ind Alcohol (2) 514 U S Leather. . 297 U S Steel. 78% U S Steel pt (2) 3% United Stores (A).. 481 United Stores pf... 15 Vanadium Corp. 11% Van Raalte. 347 Vick Chem (12.40) .. 72%: Va E1 & Pwr pf (6). 5 Waldorf Sys (h20c) 273 Walgreen Co (m1). Walgreen pf (63) .. 1% Walworth Co...... 28'; Ward Baking pf (2) 1 27 Warner Bros Pic... 167 Warner Bros Pic pt “x Warner-Quinlan. .. Warren Bros. 23% Warren Fdy: &P (2). ‘Wesson O&S(11.25) ‘Wesson O&S pf (4). 34 West PaElecA (7). 38 West Pa Elec pf (6) 110s 39% West Pa Elec pf (7) % 95 West Pa Pw pf (6). 104%; West Pa Pwr pf (7) 6% Western Maryland. 8 Western Md 2d pf.. 1 2% Western Pacific pf. 23 Western Union.... 19%; Westingh'se AB 50¢ 34% Westingh’se Elec. . 90 Westingh'se 1st 34« 1'; White Sewing Mch. 6 White Sew Mach pf 34 Wilcox Rich A(2%2) 68 Wilson & Co pf (6).. 51 Woolworth (2.40).. 14% Worthington Pump Worth Pumppf A.. 18% Young Sp& W 11%. 21% 15 Youngstown S&T.. 2 Zenith Radio 1 3 llhl of Stocks on the New York luhmc FINANCIAL. mn—- Add 00. High. Low. Lhu Webster... (31).. " 13 1% 6% 3% wnwu~BmoRhan anammmn® UL+ 4+ RB (1) ° B0 0 290 a S = & Paper (4) 1 Un Carb&Carb 2.40.x ls 10% United Aircraft.... 4% United Air L vtc. 8 United Am Bosch 24 United Bisc (1.60 46 United Carbon 1'% United Corp. (5). of. 10s 40s 2 5% 38% 50 19% U S P&F 1st pf 1.20. 4 U S Realty & Impr.. 1214 U S Rubber. . . %, 29% U S Rubber 1st pf.. 106'; U S Smelt &R (h9). +1 &Rpf(3%). * % Util Pwr & Lt (A) 9 3 3 Chemical... 5 Chem 6% of 2 108 30s 4 5 308 3 Detin (a4) .. 38 90s 90s 30, 808 15 8 3 34 + % 1 7 48 708 1 1 1 40 19 2 60s 4 20% +1 36% + % & Coal2izc. Truck...... 3 19%, 157 153, e 1 140,000 12:00 Noon. 300,000 2:00 P.M. as given in the sbove table are the annual ‘tlsh Dayments based on the latest quarterly or half-yearly | declarations s Unit of trading less than 100 shares. k. h Paid e Payable in cash . «Plus 4% ds. ganizéd. m Plus 5% in_stock in stoc! kComnlnle. renoned in recetvership or bein Pius ayable in cia preterred T Accumuisted reor- P Plus 2% Pald this year in stock. nPlus 3% in stock. x Ex-didivend. 5. E.C. INTENSIFIES . WAR ON SWINDLING % i +1% BY% +1% W 141% 14% 16% 1% 22 26% 165 165 dz5aas 8 5% % 43 91 13 P+ 44 bbb D I+ ) 4+ ’K 43 7 * II+I I+ 414 1+4+1++1 50 5% + Y. B - Co.~Bell 20k B 3 W had an increase of 37,000 telephones | G2 13% +lu in service against 35,000 in Pebmry. - i3 I Sy E - - - F FEFEFEFEES © 1 Liaison With State Officials Permits Closest Check in History. w BY J. R. BRACKETT, Associated Press Business Writer. The Securities and Exchange Com- mission has perfected a practical liaison with State securities officials, which is enabling the closest check in history on stock swindlers. The co-operation is on an entirely co-operative basis, and officials say it is helping to fill up the gaps in those border-line situations where the au- thority of both State and Nation is needed for efficient work. By what amounts to a cross-file of complaints and other data, the com- mission is informed by State commis- sioners of State questions which may have a Federal angle, and similarly the commission gives the States the benefit of information coming to it. Fully developed, this system is ex- pected to provide such detailed data |E: that the operations of practically every “blue sky” operator in the country will be known most of the time. While a statistical statement is not yet possible on the commission’s work against stock fraud, officials express the belief there has been a substantial decline in such activity. The co-operation with States is called especially valuable to securities % officials whose State laws are none too &8 o ¥ & strong. The Federal securities ex- Wab, ‘change act gives the commission con-' siderable powers of an interstate char- acter and many times what may ap- pear to be a purely intrastate problem has Nation-wide angles enabling use of the commission’s authority. The commission also has established regional offices throughout. Commis- sion investigators watch not only for obvious swindles, but for misuse of data filed with the commission about \securmu which are on sale, 16:& B %| SELECTED INDUSTRIES, INC. 23 ¥ 26% + NEW YORK, March 7 (Special).— Directors of Selected Industries, Inc., havedeclared a dividend of 87% cents a share on the $5.50 dividend pflor stock, payable April 1 to stockholders of record March 16. % American_Telephone & Telegraph System during February A 3 Railroad Orders On Lecomotives Depend on Loans Special Dispatch to The Star. NEW YORK, March 7.—Railroad equipment builders during the first two months of 1935 received one lone domestic order for one locomo- tive. Whatever important business the railway equipment industry books in the remainder of 1935 will prob- ably result chiefly from Federal loans, as it did in 1934, for most car- riers are still unable to finance large capital improvement expenditures without outside assistance, according to the Standard Statistics Co. of New York. In this connection, the growing obsolescence of locomotives is signifi- cant. Figures in the following table are as of January 1, 1935, and the situation has not improved since that date. Per cent Pu t!nl pore than 55’ yrs. Atch.. Topeka & Sal Atlantic Coast Line. Baltimore & Ohio. hesapeake & Ohio Ghicas, Burl, & Guithey! Chic., St. P, & Pac. Shicase & Norin Wextern Delaware & Hudson . Delaware, Lack. & Wes D?I'n!r & Rio Grlnde West Ty OB T TIT R Ik S D! 213381 5 %! Reading 8t Lowls-an Francisco. © Seaboard Ajr Line. .. ash i New York Cotton By the Associated Press. NEW YORK, March 7.—Cotton was quiet today and prices fluctuated ir- regularly within a narrow range. Opening declines in response to rela- tively easy Liverpool cables and for- eign selling were followed by slight rallies on trade buying and cover- ing, but prices later eased, with May | S backing off 1234 to 1239, and the general list ruling about net un- chmcedwapomn lower in the late l.l"r”.l Quotations. LIVERPOOL, March 7 (2 .—Cottoi 10000 bales, ‘American nil. prices 3 points lower: quommu in, pen: Rimerican .m:_z %00d wood Tadiing et me DOLLAR GOES HIGHER IN LONDON DEALINGS By the Associated Press. LONDON, March 7.—The United States dollar closed at 4.7433 to the pound today, compared with yester- day’s 4.77'z, showing a gain of 3la. | The opening was at 4.74. The French franc closed at 71.06 to the pound, compared with yester- day’s close of 70.5. Denial of dollar devaluation reports created better feeling in the ex- changes, which were quieter in c#n- trast with yesterday’s jumpiness. PARIS, March 7 (#).—Three per cent rentes, 79 francs 75 centimes; 4%, per cent rentes, 91.10. Exchange on London. 71.07. dollar was quoted at 14.96) —- NEW OFFICERS ELECTED. NEW YORK, March 7 (Special).— R. A. Witherspoon, formerly vice pres- ident and general manager of Shawin- igan Chemicals, Ltd., has been elected president of the company, which is a fully owned subsidiary of the Shaw- inigan Water & Power Co. He suc- ceeds Julian C. Smith, who has been elected chairman of the board. V. G. Bartram was elected vice presi- dent and general manager. e INSURANCE STOCKS NEW YORK. March 7 m —New York Security Dealers’ Association ‘The Aetna Cas (21:%) Home Ins (1.0 Lincoln Fire Mass Nafl rire Eroy wnh a, 10') Fire (1.4 Westchester (1.10%) 'lndudl‘r}{ exXtras. Declared or mll 0 far this year. METAL MARKET. NEW YORK, March 7 (#.—Col — euetro_lrr‘tle.lwlt and Yo lfl 0 Zinc steady: Aluminum, mhwsgo ' .“ tu ',e' l{‘ A -22. imony spot. =55 MODERATE GAINS Late Tone Steady to Firm. Few Soft Spots Still in Evidence. BY VICTOR EUBANK, Associated Press Financial Writer. NEW YORK, March 7.—The stock market displayed rallying tendencies in dull trading today. Prices moved up at the start, leveled off later and in the final hour came back again. The late tone wes steady to firm. While there were a few soft spots in evidence, gains of fractions to around a point were shown by Santa Fe, Delaware & Hudson, American Tele- phone, U. S. Steel, General Motors, Cerro de Pasco, Case, National Dis- tillers and Evans Products. Transfers approximated 550,000 shares. Shares that managed to come back *| fractionally to around a point in- cluded Santa Fe, Delaware & Hudson, Southern Pacific, Howe Sound, Cerro de Pasco, American Smelting, Amer- ican Telephone, Consolidated Gas, Western Union. United States Steel. Bethlehem, Case, Sears Roebuck, Na- tional Distillers, Loew's, General Mo- tors, Goodyéar, Macy and Evans' Products. Proctor & Gamble stock was not < | exceptionally disturbed by announce- ment that the Labor Relations Board had handed down a decision against the concern in its company union controversy. Commission houses, while expressing cautious opinions regarding the fu- ture of equities, pointed out that the “wrong psychology” now evident in the board room tended to obscure sat- isfactory trade and industrial reports. The Washington situation continued I ks to act as a markef deterrent and there was still much confusion re- garding the foreign currency problem and the fate of the dollar. Yesterday's White House denial that the President’s remarks at his press conference indicated that another slice mlght be taken out of the dollar wa: reassuring to “sound money” forces, but in some quarters the thought was advanced that an ultimate reduction of the monetary unit's value was a possibility, if not an imminent prob- ability. Market analysts were closely study- ing the silver question as the bar metal was pushed up 3 of a cent an ounce to 583 cents, another new high since 1928. Chicago Grain By the Associated Press CHICAGO. March 7.—In striking contrast with yesterday, a firm tone pervaded grain markets today and prices tended upward from start tc nish. The trade looked for another sharp reduction of the United States Wheat visible supply total Monday next. A Government report giving farmers’ in- tentions to plant will be issued March Spring wheat acreage, as well as of 247 + 3, | corn, oats and barley. Wheat closed strong, 7g-13g above yesterday's finish, May, 96-961s: corn 3;-17, up, May 831;-%: oats %-% up, and provisions 2 cents to 22 cents down. Wi HEAT— Ormn Closb AR e By Sentember. BARLEY- Chicago Cash 'flnrket. Cash wheat. No. 1 red. 98; No. 3 dark, hard. 1.03;: No. 2 mixed, 9915; corn, No. 3 yellow. 821;-83! vellow, 80':: No. 3 white, 88: oats, No. 2 white, 53!2; rye and buckwheat, no sales; soy beans. No. 2 yellow. 1.15: barley, 68-1.20: timothy seed. 16.75- 18.00 cwt.; clover seed, 15.50-20.15 cwt. Liverpool Grain Prices. LIVERPOOL, March 7 (#.—Wheat futures closed steady. p rev, Close. tober : Exchange. 4.741 Baltimore Qualnunn: BALTIMORE. March 7 P (Close) — Wheat. No. ? "d “tnler garlickly, spot. domestic. 97 MONEY MARKET. NEW YORK. March 7 (#.—Call money steady: 1 per steady: 60 days : Prime commercial paper. Acceptances unchanged . Rediscount rate. New York Reserve Bank, 1'z per cent. ‘Westinghouse Electric & Manufac- turing Co.—Company obtained Boul- der Dam circuit breaker contract, in- volving $500,000 STATEMENT OF THE CONDITION Massachusetts Casualty Insurance Company Of Boston, Massachusetts. on the 31st day of December 1834 ac required under section 647 of the Code of Law for District of Columbia. INCOME. Total premium income Total interest and ren| Other income .. Total income AENTS. Net amount paid for osees. .. $28.643.11 All other msburlemems eese. 5395098 ‘Total dxshur(ement!. eee. $82.506.20 1 Beposits on banks Total ‘interest and and_ace miu; All olher assets. Gross assets Deduct assets not sdmitted Total admitted assets. .. Net reserve. reoirea by Taw. . 00! policy reserve licy claims other iabliities . Capital paid up ... ........ 100.000.00 Unassigned funds’ (surpli 15.748.24 Polal- o .$152,502.89 Amm:imh of personal accident th business written during thz year ended De : © $71.106.26 personai " accident er 31 and health Business written ln the Dnmct n( Oolumbll during the De- ‘cember 31 . B . mvnu P H!ATH mort to e Subscribed and shoth to Vefore me. this 5th day of March 1635, (Beal JOSEPH H. ROCBNU! Notary. Pubise. WALDEMAR WERBER, 1406 G St. N.W_ 2.789.79 WE. President.