Evening Star Newspaper, March 8, 1935, Page 17

U.S. BONDS TURN UPAFTER SLUNP Recover All But Small Part of Early Losses—Trad- ing Is Active. By the Associated Press. NEW YORK, March 8—Active dealings in the United States Gov- ernment list and a considerable num- ber of corporate issues contributed to a sizable volume of business in the bond market today. Federals got off to & poor start, but the early losses were cut and at the start of the last hour values were only & shade under the previous closings. ‘While a bit uneven the general list | had a fairly steady undertone. Weak- ness cropped out in some of the rails, but this was counteracted by moderate | gains in other carrier loans. | Higher prices were paid for many of the utilities and industrials. North American Aviation Reports $206,921 Surplus By the Associated Press. NEW YORK, March 8—North American Aviation, Inc, in its an- nual report last night showed a 1934 surplus of $206.921, which came from a profit of $1,268,293 resulting from the sale of securities. Without the securities sale profit the net loss for the year would have been $1,061,371. A statement to stockholders said *“conditions are not such in the air transport industry as to encourage your company to continue indefinitely in the air transport business unless more reasonable legislation is ob- tained, not only removing the present restrictions embodied in the airmail | act of 1934, but also offering reason- able encouragement for the natural growth of this business * * *.” B —— INVESTMENT TRUSTS NEW YORK. Mareh 8 (».—New York Becurity Dealers’ Association: (Noon quotations.) Admin Fund ww Am Bankstocks Am Business Shr: Bullock Fund Cumulative Tr Sh’.. Corporate Trust .. Corporate Trust A Corp Tr A mod Corporate Trust Accum’ SH' Corp Tr Accum Ser mod Depos Bk Sh N Y, Depos Ins Shrs Diversified Tr C. Dividend Shrs Five-Year Fixed Tr Fixed Trust Sh A_. Fixed Trust Sh B. By private wire direct to The Star. LIBERTY. Toss 1657 foas 8%s1932-47. ..., 1038 32-47. 10216 10218 10214 b :Vu‘-“n:u-n .10315 10812 10312 33-38 "““l.a called.. 10028 10023 10027 4th 4148 33-38 3d clll'd reg.. 10020 10020 10020 TREASURY. 1034 10224 1034 10225 1032 10324 1044 10326 1042 10624 1073 3% 81944-46 10421 105 1 3%81940-43 June 107 10618 10631 3338 1941-43 Mar. 10628 10617 10628 335 1943-47 10614 10610 106 14 33,5 1946-56 10910 1096 10910 451944-54 11024 11012 11020 4%8-3%51943-45 105 10424 10431 4%81947-52 .. . 11524 11524 11524 FEDERAL FARM MORTGAGE. 10118 10115 10118 10118 10118 10118 HOME OWNERS' LOAN. 2%81939-4Y 1006 9929 1006 3sA 1952 10120 101% 10118 s 1951. FOREIGN BONDS Low. 2 Akershus 5s '63. 947 Antioguia 7s '45 D. Bl Argentine 5%s '62. Argentine 63'57 A... Argentine 6s'58 B. Argentine 6s ‘59 June Argentine 6s ‘59 Oc Argentine 6s'60 May. Argentine 6s 60 Sept. Argentine 6s ‘60 Oct. . Argentine 6s ‘61 Ma: Australia 414556 Australia 68 °'56 Australia 5s '57 38 1946-48 38 1951-55 3%s 1941 Austrian 7s ‘57 Bavaria S 6%s'45 Belgium 6s '55. Belgium 638 '49. Belgium 7s '56. .. Bergen City 58 49 Berlin 6s 58 ... Berlin Elec.6%s '59 Bolivia 7 '69. Bolivia 85 °47. Brazil 6% '26.57 Brazil 6%s '27-57 Brazil 8341 Brisbane 5s | BuenosA Cy S% 55 eeee 102% 102% 102% 106% 106% ‘s 108% 108Y% Y 981 9Rly 33% 33 5 6 25% 31% 93% 881 55% Bulgaria 7s '67 July coupon off. . — Caldas 735 '46. Canada 45 '60. Canada 4%s 36, Canada 5s°52. Cauca Valley 7% Chile 6560 . Chile 65 '61 J: Chile 6561 Febr. Chile 6s'61 Sept Chile Mtg Bk 618 57 Christiania 6s'54. ... Colombia 6s '61 Jan.. Colombia 6s 61 Oct. . Col Mtg Bk 7s"46.... Copenhagen 4%s '53. Cund'amarea 6% ‘59 Denmark 4%s ‘6 Denmark 61s '5! «| Denmark 6s '42. Incorp Investors Inv Tr N Y Coll * Investors Pund of Am Inc Mass Invest Mutual !n\tst Natlon Wide Sec vie. Selected Cumul Sh Selected Income Sh Spencer Trask Fund Stand Am ‘Tt Snrs 3 Super of Am Tr Super of Am Tr B_. nd S| Trusteed Industrs sms Trusteed N Y Bk Shr: Trusteed Am Bk CHICAGO LIVE STOCK. CHICAGO. March 8 (# (U. 8. Depart- ment of Agriculture).—Hogs. 11.000. in- cluding 7.000_ dire mostly 5 to 10 higher than Thursday’s average: butchers steady; - top. a‘b'nhm heavy weight, 0! packing sows. 'med| 0 pounds, K00a0.10; piss, oice, 100-140 poun: X a5 00; caloes " 1 000: market slow. "steady to weak: tiade shot through With numerous soft spots and oc- Catonal 23 ‘cents downturn, combared with Thursday's very active trading: no choice steers here: best 12.35; bulk 9.00a prinkling being good enough 5 and better: beef cows as mu er n instances; same true of heuer lrnde heifers selling at SHtng’m' cattle and vea ]5:5 £50-900 _poun: ounds. 1550m14 001 10 0 pourms B4} S0 1,600 nounds 14.1 common d medium, 550 l ds. heife good Eholce500-750 pounds. §50a12.00; com- gmn and medium. 5.50a9.75; cows, good. '50a10.00; common and medium 5008 %'50; low ‘cutter and cutter. buns wur]lnm exciuded). good' (beel): 7.50; cutter common and medium. vealers. good and cholce, 7.50a medium. 6.00a7.50: cull and com- mon. 400a6.00: stocker and feeder cattle: ers. good and choice. 500-1.050 pounds, 5a9. common and medium, 5.50 L3 Sheep, 14,000 fat lambs opening slow: brx‘ds and gll‘es al‘rolmld u's.ld‘y"tlg ]cfih.lg':;. sheep and feeding lambs lif 000 to choice fed lambs. 8.3580.00¢ est eld higher ambs, 90 pounds down. good common and medium. 08 " pounds, ves, 90-150 pounds, good and d Lall, - welgnts. ~common | 5: feediny s, | B0 s rounds. zood ‘and choice. CHICAGO PRODUCE. creamery_ specials s (92) 30} 30: “frsts . 7). “Rl“fl’z.bsllndlrds (flflé cars_standards. tra frst: Xtras es current receipts. live. 19 trucks: stead: horn hens, 17, Rock_{r ers. lored., 23t4: Rock, Springs. a3 20: roost 1: ducks. 413 geese, '16%; mos 724 commerclll grade. few sales - “Michigan Russet Rurals. 8. few sales. 7314 Idaho Russets. U.S. very few sales. 1 .52 commer- ade. Florids. Deu Bk 65 '35 ct Elec Pow Ger 6%4s'53 Estonia 7s'67....... Finland 6s ‘45 - Frameric In 738 '42. French Gov. 7&- 41, —_— Gelsenkirchen 6s '34. Ger C Bk A 653 Ger C Bk A 63 '60July Ger C Bk A 6s'600ct. 1 Ger C Bk A 7s'50 Ger Gov 515565 Ger Rep 7849 . Great Br & It ¢s 0 Great Br & Ir 5% GrtCElJap 6%s 50 —— Helsingfors 61;s '60. Hung Con M 71;8°45 unmat coupon on —— Ilseder Steel 65 °48. Italy 18 '61..... —_— Japan 648 54 Urug’y 63’64 May ¢ 6 —_———— Karstadt 6s°43...... Kreu&Toll 68'59A cfs —_— Medellin 6%s 64..... Met Water 6348 '50. .. Mex 25 1910-45 asst Milan 613s'52 Minas Gers 6% s ‘58 Sept coupon off. Montecatini 7s 37 Montevideo 6s'69 _— New So Wales 5s'57. New So Wales 5s '58. Nor Ger Lid 65'47 new Norway 6s'43. Norway 6s'44. . Norway 58 '63. Norway 514s 65.. Norway 6s 52, YOl 9384 37 40% 30% 9 974 5% 80% 15% 92 35% 354 351% 104'5 104% 104% 10414 104 10414 101% 101% 10115 1013% 101% 101% 103 103 103 8 % 1% 81% 811 B8ly 102 101% 102 46% 46% 43 43 Oriental Dev 5%s ‘58, Oriental Dev 6s '53... 0810 68°65.......... —_— Panama 5s'63 Panama 6s°63 stp asd Peru 6s ‘60 Peru 63 ‘61 Pirelli 7s Poland 6s°40 i Poland 1s 47 125 1241 Queensiand 6s°47... 107 106% Riode Jan 6%s ‘63 Aug coupon off. . Rome 6148 '52. Roumania 7s ‘69 Aug coupon off. . —_—— Santa F Arg 7s '42 Santa F Arg 7s "42 stp Paulo St 7s 40 .. Saxon St Mtg 645 '46 '62 unm ¢ on. 16 80% 36 BT bdly 16 80% suml 7’46 Feb o on. Sydney 5%8'565...... ———— K | Tokio E1 Lt 68°63. Tolima 7847, ‘Trondhjem 6%s °57. Tyrol Hy El1 7%s '55. Un Stl Wk 6%5 51 A. Unterelb P & L 6s '63 Upper Aus 61%s 57 unm coupon on. . Uruguay 63 '60...... Warsaw 7s ‘58 1% 1% ock: snl\u TrumERe D, 8, No- ' SHORT-TERM SECURITIES. iuupmea Iy obss. D. Barmes & Co) Offer. ull-Chllm!él Co. ufls }327 10}‘/‘ lfll’/l 5 % “u“fil;g ln‘ 3 2 5S Et.hl}tge:!g&ell‘ B5s 1936, . . ll"ofll‘nll Packing 5;42)940 or hes. & Ohio 1{7 58 1039. ni- Gas Lt. 4 Coke 8s 1837 1 4:{“. . 2834 67t 102 Loy 108 rke Central Gs 103 oo S L. 48 1037 NEW YORK BAR SILVER. #NEW YORK, March 8 (#)—Bar silver firm, 3 higher, at 58%. ) —_— Yokohama 6s'61..... ¥3% DOMESTIC BONDS. Abr&stnulil/.l 3 105 104% 105 Alleg Corp 1% 71 Alleg Corp b 61 18% 18 18y 18% 17% 18y 101% 101% 101% 102% 102 102 3% AmHmelt&Rl 47, AmT&T 4%s'39 Am T &T el tr b8 '46. . Am T & T deb 6s '60.. AmT&TdebGa‘“ Am Wat Wks 104% 104% 104% 107% 107% 107% 109% 109% 109% 1123 1124 112% 112% 112% 112% 113% 113% 113y 90% 895 9% 2 12 7 103% 103% 103% 105% 105% 106% 104% 104% 1045 104 104 104 105% 104% 105% 109% 108% 109 107 106% 107 110 110 110 109% 108% 108% Atlantic&D 2d Au‘flmn deb §8°'37..; 107!6 ll)'l% 107% | Cent of Ga con 58 '45. ASHINGTON, BOND AVERAGES Compiled by the Assoclated Press. Net change 1 pm.... Previous day . Month ago Year ago .. 1935 high . 1935 low 1934 high . 1934 low 20 10 Rails. Indust. 94.2 942 93.8 84.7 95.9 930 929 3.7 40.0 98.9 10 Low-Yield Bonds. p. 1098 Month ago . 1935 high Aust & Nor 5s '41 Baldwin Loco 53 '40.. 98% cees 100% 95 C. 0 PLE&WV 4s “a & & & & & & & THEwOOEWm Bang & Aroos 4s '51. Bang&Aroos cv 48’51, Beech Crk 45’36 gtd. Beech Crk 4s 36 reg. 100’. Bos & Me 4% s'61 .v.. Bos & Me 5s'55 Bos & Me 6s'67 Bos&NYAL4s Bklyn Edis6s'49 A., 110 110 Bklyn M T 65 '68 A... 105% 105% 105% BKlyn Un Gas 5s°45.. 117% 117% 117% Buff R&P con 4%s°57 58% 583, 58% Buff R & P 5s '37 . 106% 1061y 106 Bush Termcn 58 °55.. 404 40'x 40 Bush T Bldgs 5s '60.. 58% b68% b8% By-Prod Ck 538'45.. 84 84 84 104% 104% 103 103 4% 4% 110% 110% 103 103 110% 111% 10915 109% 103% 103% 1134 118% 116 1164 116% 116 124 124% 10614 106% 857% 857 Calif Packing 5s°40.. 104% Calif Pet db 648 '38.. 103 CamagS7s'42ctfs.. 4% Can’dian Nt R 43551 111 Can'dian Nt R 4125'54 103% Can'dian Nt R 41:8'56 111% Candian Nt R 4%s'57 110 Can’dian Nt R 4%5 68 103% Can'dian Nt 6s'69July 113% Can’dian Nt 55'690ct. 1164 Can'dian Nt R 55 °70. 116t Can’dian Nrdb614s'46 1241 Can'dian Nrdb 7s *40 106% Can‘dian Pc db4sperp 864 Can’dian Pc 4345 '46.. 101 100% 101 Can'dian Pc 418°60. . 98 978, 97% Can'dian Pc5s'44 cfs 1115 111% 1111 Can'dian Pe 55 '54.... 1027 1027 102 16 16% 164 812 81, 8 831y 821; 834 54 50 50 106 107 9% 99% 99% T4 68 1037 104% Cent of Ga 58’59 C... Cent 11l E& G 63 '51.. Cent N Eng 4s ‘61 Cent of N J gen 5: Cent Pac1st rf 4s'49. Cent Pac 5s'60. Cert'd deb5%s '48... Chesap Cp cv cl 5344 104% Chesap Corp 5s'47... 104'3 104% 104 118 119 109%; 108% 109 « 11215 112'4 112% Chi& Altref3s’49... 415 41% 41k Chi B & Q gen 48°58.. 108% 108% 108% ChiB& Q4148’77 10874 1087 108% Chi B&QI div 315849 105% 1057 1057% Chi1 & EIll 5s°51. . 6 6 ChiGrt W 4s'59 Chi Grt W 4s'59 stp.. CM&StP 4s'89. CM&StP gn 4345 85 C CM&StP 4138 '89E... CM&StP 4% s '89 CMStP&P5s'75 CMStP&P adj 53 2000 235, 221 40% 4314 431 4l 4| Chi& NW gn 4s°'87.. Chi& NW gn 45 '87rg Chi & NW 4158 2037. Chl&.\\vdlaszl).'hc Chi & NW rf 55 2037.. CRI&PTrf4s’34, 108% 10:% . 109 108 Chtle Cop deb bs ‘G'L . Cin Un Ter 4%s 2020 Cin Un Ter 6s'57C. . Cin Un Ter 5s 2020... CCC&StL rf 43 8'T7TE CCC&StL StLdiv4s's0 CCC&StLCW&M4s'91 Clev Un Ter 41,8 '77. Clev Un Ter 5573 B Clev UTer5%s'72 A Colon Oil 68 '38...... Colo Fuel & I 5s '43 Columbia G & E 6s'52May...... Columbia G&E 6s '61. Col RPL5%8'42. Com Inv Tr 5% Con Coal Md rf 6s '50. Con Coal Md 65’50 cfs ConGas N Y 438’5, Con Gas N ¥ 65°67... ConG N Y 6%s'45 reg Container deb 58°43.. Crown Will P 6s'51.. Cuba R R 1st 6s 52 1033 lOSl\ 105% 105% 106 106 85 85 103% 103'% 35 35 32% 3% 4315 43% | Cuban Cane P 6s'50.. Cumb T & T 58'37. Del & Hud rt 4s"43 Del & Hud cv 68°35 Del & Hud 5%s 37... Del Pwr&Lt 4%s'69. 103% Den G & E 55 '51..... 105% Den G & E 5551 st... 105 Den & R G cn 4s'36.. 26% Den& RG 4%s 36... 29 Den& R G W b5 '55 8 Den&RG W 65'55 as: 7 Den&RGrf6s'78... 14% Det Edison 4%s'61 D 111% 111 111 Dodge 3cv db 6s'40. 106% 106 1064 Duqu Lt 4%s '57 . 113% 11315 1131 Duqu Lt 1st 445 '67. 109% 109% 109% East Cuba S 7%s'37.. 10 Eriecv4s’53 A, Eriecv 4s'63 B.. Erle 4596 Erie gen 4 Erferf 55'67.... Erierf6s°'75. % % 106% 106% 80 803, 100% 100'/. 93 103'» 103'*1 105% 105% 105'5 1051 241 24% 29 29 8 8 6% 6% 1413 14% % 106% 82% 100% 93 Fed Lt & Tr 6s '42 Fla ECRy 6s'T4 101% 101% 101% 89 89 ¥9 92% 92% 92Y% 80 80 80 9T Y6% 9TY% 108% 108% 108% 106 105% 1056% 107% 107% 107% 1063 106% 106% 105% 105% 106% 102 102 69 Gen Cable5%s ‘4 Gen Pub Svc 6%s'39. Gen Steel C 5%s 49.. Goodrich 6s "45 . Goodrich 614s 47 Goody'r T & R 5857, Grand Rap I 4%s’41. Gr Tr'k of Can 6s '36. Gr Tr'k of Can 7 Gt NRref4%s’61 Gt NRgen 4%s'77 GtNRgen 7s°36 A Gulf M&NG6%s’5S Gulf Sta Stl 535 "43.. —_— Har Ry-PC1st H'satonic con 6s'37.. Hudson Coal b8 53. Hud & Man inc 5s Hud & Man ref bs 'i'l. 88 — 110 110 110 80% £0% 80% 49 49 Il Cent 4%s 66 ent 4% o1% Il Cent Lou 3% I1C W L 1st 45’51 1CCSt LNO 4% 1CC&StLNO I11 Steel deb 4%s '40. Inland St) 4% Int R T 1st rf 68 '66.. Int R T 78°32. . Int R T 7s'32 ctfs Interlake 58 '51 Int Ag col 88 '4: Int Cement 49 9% 86% 56 60% 107% 107% 105% 105% 86% 85% 86 86 8 8 85 6% T6% T6% 98% 98% 98% 1003 100% 100% 31% 31 31 In IntPap 1st68°47 A.er T0% 'WK Previous day . . Low. 44% 2% 667 57 Int Pap ref 6s'55. Int Rysof C A §s°'72. Int T&Tcv4%s'39. Int Tel & Tel 4%s '62 Int Tel & Tel 6s'55... Inv Equity 6847 A.. 'IZM 67 87 61 60% 61 101% 101% 101% 8% 8% T8% 32% 325% 32% 113% 113% 113% 78 T2 T2% 58% 58 68 107% 107 107 04 104 104 103% 103% 103% 8 85 85 9% 98% 98% James F&C4s'39... Kan CF&M rf4s'36cfs KanCP & L 4%s'61. Kan C Sou 1st 3s '50. Kan C Sou rf in 65 50 Kan C Ter 1st 45 '60 Kan G & E 433 '80. Kendall 6148 ‘48 ww. Ky & Ind T 434561, Ky &Ind T 4158'61stp Kings County Elev WY . .nes .. Kinney(GR)7%» ‘36. Kresge Founda 6s '36 —_——— Laclede Gas 55 '39 Laclede G 5%s'63C.. 62 62 62 LE& Wn1st5s°37... 101% 101% 101% Lake S&M So 33%45'97, 100 Lautaro Nitr 6s '54. .. 7 Leh C & N 4158 '54 A, 105 Leh C& N 4%s'54 C. 105 Leh Val Coal 5s°74... 6614 6614 9T 9TW 36 36% 40 40 42 42 106% 106% 119% 119% 13214 133 105% 105 105% 103% 103% 103% 102% 102% 102% 115% 115% 115% o 127% 127% 127% 6915 58% 59 111% 111% 111% 106% 106 106% 101% 100 100% 105 105 105 . 107% 107% 107% 102% 102% 8 99% 99 99y 103% 103% 103% 102% 102% 102% 100% 100% 100% LV Pacon4 LVRRconis 2003. . Leh Val Ter 5s'41. Ligg & Myr 5s°51. Ligg & Myr 7s "44. Long Dock 6s '35 Long Isl deb §s " Lorrillard 6s'51 Lorrillard 7s '44 La & Ark §s Lou G & ESs L&)AllK&Ch L&NP&M4s'46 —_— M'Cro'yS 53 s'41flled. McKess & R 6%s ‘50 Manhat R 4590 Manila El R&L 5: Mead Co 65 '45 Mich Cent 3148 '52 Mich Cent 4138°79 Mid R R N J 5540 MStP&SSM cn 4s ‘38, MStP&SSM 5s 38 gtd Mo K & T 1st 45°90. MoK&T4s'62B MOK & T 6862 A. MoK & T adj bs H Mo Pac 6581 1 Mo Pac 5%s 49 A... Mohawk & M 4s'91. Mont Cent 5537 Mont Pew ref 53 '43.. Mont Pow 63 62 A Morris & Co 4135 " Mor & Esx 3%s 2000, Mor & Esx 4338 ‘56, Mor & Esx bs '55 ———— Namm & Bons 6s 43.. NashC& St L 4s Nassau El 45 '51 gtd Nat Dairy 6%s 48 Nat Steel 6s New E T&T 4135 ‘61 New J P&L 4% 560 NewOrPSb6s'52A.. New Or T&M B‘al ‘54 N YCent3i N Y Cent con ll .. N YCentrfals 2013 N Y Cent rf41;s2013n N Y Cent rf 6s 2013.. “ent deb 6s'35 v ¥ Centcv 6s 44 'C Mich C 315" YC Mich 31,598 rg. NYC&StL 1st 4837 .. NYC&StL 4355 78.. . NYC&StL 5128 74 A, NYC&StL 1st 6s 35., N ¥ Docklstds'sl. N ¥ Dock 58 '38 N Y Edison 6s 44 B. N Y Edison 5s'51C. ... N Y Edisref 634541, N Y G EI H&P 5848, NYLac&W 1st 4s°'73.. NY NH & H 43’54 NY NH & H 4s'66 NY NH & H 4%s'67. NY NH & H cl tr6s'40 NY NH& Hcv 65'48. Y O&W gen 48 '55.. N Y O&W ref 4s°92.. N Y & Putnam 4s 93. N Y Rwysinc 6s'65.. Rwys 6365 A... .\ Y S & W Ter 5. N X Tel gen4 ;8" > N ¥ Trap Rock 6s " 46 NYW&B4%s '46. Niag L&O P 55 ‘65 Norf So.1strf “s ‘61 Norf & W div 4s '44 Norf&W PC&C 4s 41 North Am Co 6s '61. . North Am Ed 5%s '63 Ner O 1st 5545 cfs st. Nor'n Pac gen 3s 2047 Nor'n Pac 4s'97. Nor'n Pac 4%s 2047 Nor'n Pac bs 2047 104% 10434 104% 108 107% 107% 117% 1173 117% 101 65% 6614 254 25% ‘43, 97'e 110% 60 22 W 12 108 108 103 1075 107% 107% ¥5% ¥5% 85% 87% 87 87 43 43 43 6% T4% 4% 104% 103% 104% 83% 83% 834 88 88 88 87% 87% 87% 95 94% 94% 107 106% 107 107% 107% 107% 110% 110 110 117% 117% 117% 118 118 118 103% 103% 103% 107 106% 107 50 50 60 50 73 3% T4% 3% Td™ 3% T3% T8% 106 105 105 103% 102% 102% 103% 102 102% 106% 105% 106% 93 92%. 93 105% 106% 106% 106 105% 106 113% 113% 113% 104% 104% 104% 103% 103% 103% 104% 104% 104% 111% 111% 111% 1095 109 109 82% 824 82% 107% 107% 107% 69% 69% 69% 46 45% 46 « 102% 102% 102% 108Y% 108% 108% 581 58's 5Bl 80% 80% 80% 80% 80% 80% 56% 66 56Y% 55% b55% b56% 101% 101% 101% 45 44% 4% 102 102 102 102% 102 102 21 21 21 . 8% 98% 98% 106% 105% 105% 41 102% 102% 102% Revere Cop& B 48 10814 108% 108% RioG Weol4s'49A. 30% 30% 30% —_——— StJo Ry L T&P 68°37 100% 100 100% Nor Sts P 1st 68 Nor'n St P 6s'41 Ohio Pub Ser 7, Ore Sh Line 55'46 Ore Sh L 6846 gld Ore WRR&N 4s —_— Par-B'way 5345 '51 ot Par-F-La 6s 47 ctfs. . Par-F-La 6s '47 filed. Par-Pbx »%3 ‘50 ctfs. Par-Pbx 638 ‘50 filed Penn O & D 435 '77.. Penn RR 4%s 81D, Penn RR 438 '84.. Penn R R gn 41,865, PennRRdb4 70. Penn RR 4%s°63. Penn R R 686! Penn R R gen 6s'68. Penn R R 6345 '3 Penn P& L 4%s '81., Peo G Lt&Crf 5347, Phila B&W 4%.'71.. Phila B&W 4158 °81, Phila Co 6s '67 Phila El Co 4s Pillsbury F1 M C! 'll. Pitts&WVa 4145’60 C Pt Arth C&D 6. Port Ar C&D 6: . Port Gen El 4148 °60. . Port Gen E 41;s'60as. Port Gen Ell1st s '35 Postal Tel & C 6353, Pure Oil 634s '37 Pure 011 6%s°40..... —_—— R-K-0 6541 S FINANCIAL D. C, FRIDAY, MARCH 8, 1935. 888 A_17 oo o . - FINANCIAG, - . THE DVENING BTAK, WANHINGION, D. C, SRIDAY, MAROH Se18. .~ FINANCIAR. 979 A7, BONDS ON NEW YORK STOCK EXCHANGE StL'S W st Ter 6’63 41% StPM&MM ex 45'37.. 1021 1021 1021 StPM&MPac ex 45 40 101% 101% 101% St P M&M ext 6843, 108 108 108 St P U Dep ref 58'72. 117% 117% 117% San A&A Pa: 0 Seabd A L 6s '45 cfs. . Seabd A-Fla 65'30A ct Sharon SH6%s'48.. Shell Pipe L 6s ‘62 Shell Un Ol 65 *47 Stlesian Am 7s '41 Sinc Con Q 6183 Sinc Con O 7 2% 2% 2% 83 83 83 104% 104% 104% 1 lg_s,u - 103% 103 103% .102 102 102 109% 109% 109% 95 94% 95 SoPac4%s's. So PacOre 4%s'77... 77 So Pac S F Ter 4s'50. 104 So Rygen 4s'56 A 17 108% 44% 43 97 974 571 5Ti4 5915 5915 591y Southw Bell T 5s 110% 110% 110% Stand O] N Y 43%s'61 104 104 Stevens Hotel 6s '45., 15 15% Studebake 2 351 35% Tenn Cent 65 '47. 5T% 571 TennC&C6s'44 B.. 945 9419 Tenn EIPwr 6s'47 A, 9x's 981 9815 Term As St L 48°53... 104% 104% 104% Texarkana 6%8°60... 90 90 90 Tex Corp cv 68 '44.... 1043 1043 [04% Tex & Pac b8 77 B. 85 854 85% Tex &P MPT 518'64. 97} 97% 97% Third Av ref 4s 55 56 &5 Third A ad in ex 5 25% 25 254 Trumbull Stl 0.. 101% 101 101% —— UnEIL&P53%s 54, 106 106 Un O Cal 5545 re ww 104 1044 UnOCal 63’4z A 1184 118Y% Un Pac 1st 4s'47., 110% 110% Un Pac 4s'68. 101% 101% Un Pac 1st rf 4s 2008 106% 106 Un Pac 1st rf 55 2008. 116% 116% Unit Biscult 6s 42, 104% 10, Unit Drug 6s'63 89 89 95 954 28 106 104% 118% 110% . 102 10615 116% 89 U S Rubber 58 Univ Pipe & R 63 Utah L& T 5544 A.. Utah P& L 6s '44.. Util P& L 6859 ww. Ut P& L6%s'47.,. ——— Ver Sug 1st 78 °42 el.A Va Ry 1st s 62 A... ————— Wabash 434s * Wabash 55 '76 B. Wabash 1st bs ‘39 Warner Bros cv 6s ‘39 Warner Sug 1st 7s *41 Warren Bros cv 6s '41 W Pa P 1st 55 '63 E. . W Sh 1st 45 2361 gtd. W Sh 1st 45 2361 reg. West'n El deb s *44. West'n Md Ist 4352 West'n Md 538 '77. . West'nNY&P 1st55'37 West Pac5s 46 A... West'n Pac 55'46A as West'n Un 4348 50 West'n Un col tr & West'n Un s '51. West'n Un 65 °60. West'n Un 63s 36. Wheel Stl 435 '53. W Sp Stlcon 7s '35 ct Wilson&Co st 6341, WisC 1st gen 45 '49. . WisCS&Dter4s'36 b5 —_— Youngtn S&T 68’70 B 95 947 Youngtn S&T 6878 A 945 Ydi, OIL SUPPLIES MOUNT 2,208,000 BARRELS | By the Associated Press. The Bureau of Mines reported to- day that stocks of domestic and for- eign crude petroleum on March 2 to- taled 323.575.000 barrels, an increase | of 2,208,000 over the preceding week. 5l 2,013,000 barrels and foreign crude 195,000. Daily average production for the week was 2,545.000 barrels, 45,000 less than the previous week. Daily average imports were 119,000 barrels, three times the average of the previous week. Daily average crude runs to stills showed the usual end-of-the-month decline, the aver- age being 2,445,000 barrels, INSURANCE STOCKS NEW YORK. March & ¥ —New York Security Dealers” Association | | Aetna acs (21,0) | Actna Pire (1 Aet Boston (16). Carolina (1.10+ Sonn Gen Lite (koj City of & ¥ | Fid & Dep 1) Piremen’s Ins Frank Fire (1.0 Glen Falls 160 Globe & R Great Ame a’ Halifax_(.60) Hanover 5 Fire (156) Nor River i.70%) | Phoenix (2157 b Wash .10+ Paul Pire () , Seringfleld” (412) | 108 443, 3 RES! uding extr: 2 1Declared or Paid so far this vear, DIVIDENDS ANNOUNCED NEW YORK. March & — claned (orenated” by " “ERAAends gl tistics Corp.): lemnel. tock of Pay- Shaeffer (WA) Pen Ga'%: 15‘ X egre- ghls; Accumaulated, 1st Nat Cp md’A .25c . Midiand Ro re Nll Aulomot Fibres $7 Df u.nld.flhll. Canada Gen Elec. P! Cluett. Pubod! pt Courier Post 7% D! Finance Co of Pen) 73 n Hanes (°H) Knit Heath (DC) Co Intern Button Hole - Khm Ra:nlly 5 w Eng 7bc Western umen Ltd ’laflc O ORISR R MO MRS S 2 DOLOOOOOOLOOOO POOOOOO Gnen HOCEENG . GERAGN BSHO-GG 208 By the Associated Press. R e mdu e cartien Tadustriats st Eald St ing shares improved on repurchases. and Brazilian_bonds were a firm feature. Ofl Shates " exhibited an inclination to ease. while trans-Atlantic issues were quiet. The, market_closed firmer, 'PARIS—Rentes slumped as a result of lling which lowered prices in toe ng on the Bourse. The tter at the opening was lllrlbllud to the Tecovery in sterling and also higher raw material prices in London. The market losed_barely steady. c] BERLIN.—After a_ cheerful ONNIII wherein stéel shares led the advance. slid backwi rd‘lllhll! on the Boerse A The closing was steady. . Stewart-Warner Corp. 1634 net in- 71,968, equal to 48 cents e e have ve. Auficit $1,701,000, ¢ Stocks of domestic crude increased | FINANCYAL LOSSES DEPLORED (FREIGHT LOADINGS | BY TEXTILE CHIEF BGAIN 31,746 CARS BANK LOANS REDUCED BY AMERICAN METAL Press. NEW YORR March 8.—Dr. Otto Sussman, chairman of the American Metal Co,, reports that the company's bank loans were reduced during 1934 to $6,500,000 from $10,000,000, and that the balance is renewable at the Dorr Cites Federal Data and| 604,642 Total Exceeds Last |option of the company to March 20, Declares Deficits Are Continuing. G. H. Dorr, president of the Cotton Textitle Institute, commenting on the report of the Federal Trade Commis- sion's study of investments, earnings and rates of return of 409 companies in the spinning, weaving and finish- ing divisions of the cotton textile in- dustry, issued the following state- ment: “The report of the Menl ‘Trade Commission serves to emphasize again the distressing plight of the cotton textile industry. “With increased labor costs, losses in both export and domestic markets to low-cost foreign competition and the heavy processing tax, the industry which made some profits in 1933 and in the first half of 1934 chiefly as the result of appreciation of inventories, has, since July of that year, been operating in the red. “The report covers the financial status of 409 companies engaged in the spinning, weaving and finishing of cotton yarns and fabrics, showing these companies to have lost money in July and August, 1934, at rates of from .17 per cent annually for weaving and spinning companies to 8.57 per cent annually for dyeing and finishing companies. That record is typical of the industry as a whole and unhappily, as we believe will be shown by further studies of the commission now under way, losses continued dur- ing the last half of the year, while op- erations during the first two months of 1935 were even more discouraging.” e EXCHANGE WEIGHS FLOOR RULE PLANS Brokers Are Asked to Submit Suggestions to Commission by This Week End. Special Dispatch to The Star. NEW YORK, March 8—The New York Stock Exchange is discussing floor trading rules suggested by the 8. E. C, which has requested floor | traders and specialists to consider its | proposals and submit suggestions not later than this week end. Meanwhile the exchange continues to study 10 of the 11 points recom- | mended by the S. E. C. to Congress, the only point actually approved to date being the suggestion that enghzl additional governors, all of them non- | members, be appointed to the Gov- erning Committee. | A report on possible Stock Exchange rules, affecting customers’ men, the establishment of branch offices and | all related topics affecting the con- | tact of member firms with the public, is nearing completion by the Com- mittee on Quotations and Commis- sions. The Nominating Committee of the exchange to date has received three names for president, three for treas- urer, one for trustee of the gratuity | | fund, 52 as possible candidates for | the eight new governorships, and 41! | for the 10 governors elected each year. \Cnpsnsm 1935.) SHATTUCK CO. EARNS $411,765 DURING 1934 By the Associated Press. NEW YORK, March 8—Frank G. Shattuck Co. and subsidiaries, Candy | Manufacturers and Restaurant Ope- | rators (Schrafft’s), report net earn- | ings in 1934 of $411,765, after deduct- ing depreciation, interest, Federal in- come taxes and other charges, equal to 32 cents a share on 1,269,170 o | Gont Bk & Tr (R shares, against 1933 earnings of $324,- 1206, equal to 26 cents a share INEW YORK BANK STOCKS NEW YORK March 8 (».—New York Security Dealers’ Asscciation (Quotations as of 2 o'clock.) Bank of L{nnhxmn ata).. em BJ Commercial Corn Ex Bk & T Empire Tr (1) Fifth A\’rnue First Boston Fifst National qnu. | Guaranty Tr (2 | Irving Tr ¢ | Manttacturer’s " (1 | National City_ (1) I Trust (3). L1 Tiie’s ‘& United St Tr U.S. 'EASUBY PUSITION. By the Associated Press. - receints for 1 year (since July oxnendlluras $4.- uding B580.- 084°31 of emergency rxnendl(u | of expenditures. assets, S8.535.0:40,4:30. Receipts for March . ble date last_vear). penditures, § s net b-lnm—e ¥4.861,905,807 cguomx Teceints. o i al year, S1.959.980. 5 upenduuu 3,41 Tincluding $2.450.518.635.04 0f emergency Sxpenditures): excess of expenditures, 395.128.201.84; gold assets, $7.539.147,- NEW YORK PRODUCE. NEW YORK. March 8 (# —Butter. SA0I; armer. 3 i extra (02 score). 323: firsts (8- 91 sores). 3212; centralized (90 score). 3213 Cheese. §3.861; easy; prices unch Live poultry. steads: all frelaht unchan Eggs irregular. Mixed colors. uj seconds. ~ 21 edium. 40 poun 213: dirties. No. i Y115 other mixed colors uncha ”.:r Week, but Is 1,075 Be- hind Year Ago. By the Assoclated Press. roads announced today that loadings of revenue freight for the week ended March 2 were 604,642 cars, an in- crease of 51,746 above the preceding week which included a holiday, but a reduction of 1,075 under the cor- responding week of 1934 and an in- crease of 123,434 over 1933. Miscellaneous freight loaded during the week totaled 225678 cars, an in- crease of 15904 above the preceding week, 19,547 above 1934 and 64.269 above 1933. Less than carlot merchandise was | 160,320 cars, above the preceding week, but 2,139 | below 1934, and 1,949 below 1933, Coal amounted to 138,968 cars, an | increase of 11,893 above the preceding week, 20,008 below 1934, and 45,058 above 1933. Grain and grain products totaled 29,124 cars, an increase of 3,015 above the preceding week, 17 cars above 1934 and 1,151 above 1933. In the Western districts loadings totaled 18.- 122 cars, a decrease of 84 below 1934. Live stock totaled 12,727 cars, an increase of 1493 above the preceding week, but 1,304 below 1934, and 1,311 below 1933. In the Western districts loadings totaled 9,797 cars, a decrease of 1,258 below 1934. Forest products amounted to 26,028 cars, an increase of 213 above the N preceding week, 4,542 above 1934, and 10,666 above 1933. Ore totaled 3,288 cars, an increase of 300 above the preceding week, 642 above 1934, and 1,920 above 1933. Coke totaled 8,509 cars, an increase 1,079 above the preceding week and 2,282 below 1933. It was an increase of 3,630 above 1933. _— STATEMENT IS ISSUED BY NEW YORK RESERVE By the Associated Press. NEW YORK, Mzcrch 8.—The state- ment of condition of the Federal Re- | serve Bank of New York at the close | of business March € shows: Gold certificates on_hand and due from United States Treasury | Total reserves. ... ! Bills discounted: Secured by United States Government obligations Total bills discounted Bills bought in open market Industrial advances .. Total United States Gov nt securities Total bills and sec Uncollected items Fed. 2.064.710,000 2.137.567.000 | Pederal Reserve nole nreu- lation—net .. . Deposits: Member account Total deposits Ratio of total reserves’ to deposit _and Federal Re- gerve note lisbilities com- bined . . 73.531.000 547 ‘MONEY IN CIRCULATION IS EXPANDED FURTHER By the Associated Press. Money in circulation has expanded further in accordarce with seasonal tendencies. Total circulation is more than $100,000.000 shead of a year ago, attributed chiefly to a somewhat higher | level of business activity. Comparative figures on total circu- lation, as reported by the Federal Re- | serve banks, follow: Week ended March 6 Preceding week . : 3 00,000 Same week last year... 74.000,000 LOWER NET REPORTED BY CORN PRODUCTS CO. By the Associated Press NEW YORK. March 8—Corn | Products Refining Co. reports for 1934 net income of $9,702,696, equivalent to $316 a common share. against $11,504.941, or $3.87 a share in the | previous year. ENTERPRISE SERIAL JBUILDING ASSOCIATION 7th St. & Indiana Ave. N.W. LOANS On Improved District of Columbia Real Estate Security 73rd series of stock now open for subscription First Mortgage Money For Construction Loans and Loans on Improved Residential Property in The District of Columbia 5% Prompt actiom. B. F. SAUL CO. 925 15th St. Natl. 2100 Equitable Co-Operative Bldg. Ass'n| ASSETS $6,492,976.24 Organized 1879 JOHN JOY EDSON. President. 55th YEAR COMPLETED. WALTER 8. PRATT. Jr.. Secretary. Subscriptions for the 108th Issue of Stock Being Received Do You De sire a Loan —on Real Estate or to Take Up First Mortgage? '[‘Hos:: desiring money to purchase :m home, refinance present indebtedness or improve + - property should consult us Applications will receive prompt anc courteous attention. Loans Repayable Monthly Take 12 Years to Repay Your Loan 915 F St. N.W. Nat. 1741 an increase of 17,849 |Bond STATEMENT OF THE CONDITION United States Fidelity and Guaranty Compuy Of Baltimore, Mary DISBURSEMENTS, Borrowed money repaid Re- construction Finance Cor) . $4.900,000.00 18.457.861.39 16,028,334 54 $30.386.195.93 holders for losses All other dfsubursem Real estate $3.666,441.07 Mortgage ate 367.002.20 2.931,426.04 30.029.803.35 .087.005.4% 5.494,717.46 251,821.5: 1.784,135.8° Gross assets §345.55823038 *Dedvict assets nof itted 6,500.634. Total admitted assets. .$42,058,105.50 BILITIES. ('ollneul ioans Cash in company's office Deposits in banks ed All mhfl' assets . Total unpaid class ‘Total unearned prei mher liabilities . . fCapital paid up. Common, $2.000.000; nr.!ured 3500, 000 Surplus cver Total 2,800,001 4.986.65 $42,058.195.60 PREMIUMS WRITTEN DURING THE YEAR. Distriet of Columbts Total $RA0,158 68 183.130.93 fccident accident At Aute Habiity Liability other 5.601.21 6.109.164.11 5.911.18 6.473.809.41 3.590,910.04 4.564.980 92 503,055.53 1.412,000.38 12.514.45 1,892,174.28 28,545.50 250.160.91 2.538.85 48.424.26 108,050.91 21,104.68 126,1982.04 7.759.67 compensation Pidelitv lamage ... Auto collision Property dam- age and col- lision other than auto Water dam: Totals 80543 ..$30,228.282.96 $433,668.74 *Based on amortization of bonds. and all of the company’s stocks and ali of its bonds. not amortized, on the basls of mar- m valuations. 1The preferred stock represents 800.000 shares. par value S1 per share, issued at er share. and redeemable at $5 per w. ozon.e‘fi HYNSON. 3 T orrmne ce President. Assiztant Secretary. Subscribed and xwornl"loshelnxe me this nm day of rebmary M. E. . Notary Publie. Waslnnzlon Branch Office 1415 K St. N.W. A H Baker & Co., Inc. eneral Arent 710 14t|1 St. N.W. nATm American (l’JPniT: Insurance Company of New York Of New York. on the 31st day of Decem- ber. 1934, as fequired under section 647 & ihe (Code of Law for the District of | Columbt mcom Net premtum Total ‘interest lnd nts. . Other ~ inco: i $334.433.07 119.734.40 Total income. ISBURSEMENTS, Net_amount Dmd policyhold. ers for losses. Al other disbursi Total Sl] £.341.51 205.783.39 disbursements $324.124.90 ASSETS. Real estate. Mortgage lolns on real estate Bonds and sf Deposits in b-nk Agents’ balances. . Interest and rents accrued 2.186.30 2..609 SR 2.907.80 $2.955.111.96 £85:565.00 3206154087 Gross_assets Deduct assets not ‘admitted. Total admitted assets. LIABILITIES, | Nt junpaid claims . Total unearned pre Qther_ liabilities. - Capital paid up urplus over ail linbiiiiies NET PREVIIU\KB ‘WRITTEN DURIN( E YEAR. D 5 Q' Dist. of Total Columbia. $2.330.20 Totals ..... fluq’nm 2,341.30 Mc CORIA Vice Prel!l‘d‘klnt. Shbgerig i erar and sworn te 20th day of Prbrulryulin!"ub“"' e th H (Seal) "GEORG! 2 Notary Publie. STATEMENT OF THE CONDITION | Continental” Amencan Life Insurance Comp-ny of \\llmmnon Dellwarz on th y District of Columbu 0 e o e | New premiums . | Renewal Total premium incom: 2,7 3 | Total Interest and rence. ° '”2‘ &l 195‘810 35 Other income . Total income $3.692,256.92 bt Net amount e Tor Taasa nd — ma ured endow- mentl $787.344.00 1.017.501.2! 10765183 —_— $2,881.062.02 $731.905.19 4.188.016.44 3.558. IIO 87877 20 20 22 ‘99. 7329 274.743.26 48811 real Gross assets ... . 679,889 Deduct assets not admitted o sugt‘)gg;i’ ‘Total admitted ets $16,597.583.22 LIAB 2 Net 'Ruru requi*yd by including contingency $1e767.137.80 787, L IDZ. !lfl 597, !g Amount _of ordinary busi- Dess written during the y-nr ouut-ndlnx De- ness written in the Dis- trict ol Columbia during {he | vear. outstanding Decembe DANIEL E. JONES, Secretary. !uburlb!d and sworn to before me this o day of March, 1838 HELEN 'm% Homer G. K Kingsley 800 Mercantile Trast Building, Baltimore