Evening Star Newspaper, March 9, 1935, Page 13

INANCIAL! U.5. BONDS GAIN: OTHERS HESITANT Federal Obligations Extend Recovery, but Volume Dwindles Sharply. By the Assoclated Press. NEW YORK, March 9.—With the exception of United States Govern-| ments, which extended the recovery initiated in the late dealing yesterday, * the bond market had no definite trend .'today. In spite of a considerable contrac- ~tion in volume practically all of the Federals recorded modest gains over the previous finals. Federal Farm Mortgage 3%s led the movement with a rise of 10-32 of a point at ¢ 163.18. Treasury 3%, 1941, hardened ,7-32 at 107.3, and the 4s were higher ‘et 110.28, Speculative rails were fairly steady, although minor losses featured some loans of New York Central, Baltimore & Ohio, St. Paul and Missouri Pacific. Utilities were mixed. North Amer- {can Co. 5s continued to push up an- other 15 points to 88, while Detroit Edison 4!2s slipped back % to 111. . American & Foreign Power 5s were heavy around 55%. Industrial issues contributed some small gains, and . those improved included Youngstown Sheet & Tube 5s at 94': and Ameri- . can Smelting 5s at 105': . Postal Telegraph 5s yielded half a point at 44 and Standard Oil Co. of . New York 4!5s were a shade lower at 1037;. American Telephone and Ar- mour & Co. issues were firm. Selling orders appeared to have ‘more weight than bids among foreign loans, and there were losses of frac- Ctions to a point in British 5les. * French 7s, German 5!:s, and Polish 7s. Uruguay 6s were transferred at 3578, up s EASTERN ROLLING MILL LOSS SEEN “Total Deficit, After Depreciation, Climbs to $347,153 Mark During Year. 8pecial Dispatch to The Star. BALTIMORE, March 9.—Annual report of the Eastern Rolling Mill Co. shows that operations for the year 1934 resulted in & loss before deprecia- | “ tion of $163,380. | After reserving $183773 for de- preciaticn, total loss for the year amounted to $347.153. Loss after depreciation for the year 1933 was 277,977, In his letter to shareholders, Presi- dent A. J. Hazlett says that most of * the loss for 1934 occurred in the lat- | - ter half of the year as a result of the | severe decline in volume of business. | In the first six months, when two- | thirds of the business was done, en- | couraging resuits were obtained con- sidering the fact that the plant had only resumed operations after having been idle for 16 months, Mr. Hazlett explains. The balance sheet shows total cur- Tent assets of $878,225 and total cur- rent liabilities of $429.151. MOODY’S INDEX SHOWS STEADY BUSINESS PACE, By the Associated Press, - NEW YORK, March 9—Statistics appearing during the last week in- . dicated practically no change in busi- ness activity, according to Moody's © index figures for freight car loadings, . electric power production, and steel ingot output. ‘These index figures are adjusted for seasonal variation—that is, if the | BONDS ON By private wire direct to The Star. U. 8. Gov't Bonds. Foreign Bond Domestie Bonds. LIBERTY. High. Low. Close. 10310 10310 10310 10216 10212 10215 10313 10313 10313 3%8 193247, 4th 4%- 33-38 3d called reg. . 10028 10028 10028 TREASURY. . 10410 1043 « 10410 1045 .1075 1072 10° . 1054 10431 10431 3% s 1944-46 reg.. 10429 10429 10429 :%-1940 43 Jui ;g;: %8-3%51943-45 1054 10430 1052 4%81947-52..... 11522 11518 171522 FEDERAL FARM MORTGAGE. 381947 . 10127 10125 10125 381949, . 10125 10122 10122 33%s1964 . 10321 10316 10316 HOME OWNERS’ LOAN. 2881939-49..... 10010 1005 1005 38 A 1952.. . 10124 10118 10122 FOREIGN BONDS. Low. Close. Abitibl PagPw 55763, 815 575 ST Antioquia 7s‘45A... 8l 84 84 Antioquia 7s "45 B... 8% Argentine 5148°62... 87 Argentil 7 92 Argentine 65 ‘60 May. 913, Argentine 6s'60 Sept. 9214 Australia 4345 '56. 94% Australia 58 '56 100% 100% 100% Australia 5. 10013 100% 100% Austrian 7s 43 gtd. .. 101% 10135 1013 Belgium 7s ’55. 1154 115% 115% Berlin 633s'50. 33 33 Berlin Elec 6145 '51. . Berlin Elec 613859, Bolivia 8s 47 Brazil 618 '26- Brazil 8s ‘41, Bremen St 7s ’35 Brisbane 5s'57 Brisbane 6s'50.. Budapest 6s "62 unmat cou on. . Buenos A 6s'61 Pv... Buenos A 6s'61 st Pv Buenos A 6%s'61stPv Bulgaria 7s°67 July coupon off. . _— Caldas 738 "46 Canada 4s '60... Canada 4%s '36 Canada 5s ‘52 Chile 63 °60 Chile 6s°61 Jan. Chile 6363 Christiania 6s '54. Colombia 65 ‘61 O¢ Copenhagen 415 '53. Copenhagen 5s°52... Copenhagen Tel 5s ‘64 | Cuba 5155 "45 Czechoslovakia 8s '51 Denmark 4138 Denmark 5%s '55. Denmark 6s ‘42 Dominic 15t 5 Dominic 1st 5% "42. Elec Pow Ger %353 Estonfa 7s '67. Finland 6s'45... Finnish 6128 ‘54 A.., French Gov 7s°49. French Gov 73;s 41.. 1071 100% 18614 18715 57 471 40 397 4913 Gelsenkirchen 6s '34. Ger C Bk A 6s'38.. Ger C Bk A 6s '60July Ger C Bk A 6s'600ct. Ger CBk A 78°50. ... Ger Prov & City Bk con Ag 6128 '38.. Ger Gov 514565 GreatBr&Ir5 GrtC El Jap 625 '50. 45 31 1124 80% Helslng!or! 612560, Ilseder Steel 6s°48... Italy 7s '51 E Japan 6138 '54 Kreu&Toll 58'59A cfs 30% 5% 5% | THE EVE NE BOND AVERAGES Compiled by the Assoclated Press. 1935 high . 1934 high 1928 high . High. Bell T of Pa 55’60 C.. 122 Beth Stl pm 5s°36... 103% Bos & Me ¢%;5’H Jo. 62% 122 103% 62% 65 65 110 109 105% 103 58% 106': 40 Bkiyn Edis BklynM T Bklyn Un EI §5 60 Buff R&P con 4348’57 584 Buff R& P 5s°'37..... 106% Bush Term cn 58 '55.. 40 Calif Packing bs"40.. 104} 104% Canada Sou §s'62 A.. 111 111 Can’dian Nt R 4155’54 1037 108% Can'dian Nt R 4158’56 111% 111% Can'dian Ry 4%s'55. 1134 Can’dian Nt 5s'690ct. 1157 Can’dian Nrdb 7s 40 106™ Can’dian Pc dbdsperp 86 Can'dian Pc 4145 '46.. 101 Can’dian Pc 6s ‘64 103% Cent of Ga con 55 °45. 16'a Cent IIlE& G 53°61.. 83% Centof N J gen 55'87 106 Cent Pac 1strf 4s'49, 99'3 Cert'd deb 514548 68 Charles & Sa s 104% Chesap Cp cv cl 53 "44 10374 Chesap Corp 5s ‘47 104'% C&O4%8'93A.. 1084 C&04%s’'95 ChiB&Q4%8'77.. Chi B& Qref 58’7 Chi & E Il 58 *51 Chi Grt W 4s'59 Chi Grt W 4s 59 stp. ChiIn& L gen 55 °66. CM&StP 4s'89 CM&StP gn 4 CM&StP 4%s CMStP&P adj s 2000 Chi & NW gn 4s°87... Chi & NW 4155 2037. . Chi & NW 4335 2037C CRI&Prf4s'34. Prt 4!‘Hc(. Chi Un Sta 5s "44. Chi Un Sta 65’63 B. Chi & W 1 con 4s'52 Chi& W15%s’62... Chile Cop deb 5s *47. CinlStL&C 4s'36.. CCC&StL rf 4%4s'77E. CCC&StLrf6s'41C.. Clev Un Ter I%l "l1. Clev Un Ter 5s Clev U Ter 5353 '72 A Col & Sorf ¢128'35.. Colo&SnHu 80.... Columb &E s ‘52 Nuy Columbia G&E 6s "61. Com Inv Tr5%s'49.. 1 Con Coal Md rf 58 '50. Con Coal Md 55’50 cfs ConGas N ¥ 434851, 1 {Con Gas N ¥ 68 '67... |ConG N Y 5%8'45 reg | Consumers Pwr 5s'52 CrownC& S 6s'47... Crown Zell 65 '40 W' Cuba R R 1st 5s '52 Cuba RRref 7% . Cuba Nor RR 5138 '42 Cuban Cane P 6s'50.. Cumb T & T 5837 1 —_— Del & Hud rt 43 o 103% 62% 65 65 110 109 105% 103 581 106 40 1043 111 10 Indust. —1 94.1 94.2 938 84.8 95.9 93.0 929 3.7 40.0 98.9 20 Rails., Previous day Year ago . 1935 low . 1934 low 1932 low 71 Mil Spa & N W 4847, MStP&SSM cn 4s '38. MStP&SSM bs ‘38 gtd MOK&T4s'62B MoK&T 62 Mo K & T adj 5s '67 Mo Pac 48°'75. Mo Pac 5365 A Mo Pac 5377 F Mo Pac 5s'78 G.. Mo Pac 5s'811. Mont Cent 5537 Mor & Esx 2153 200 Mor & Esx 415 ‘55 Mor & Esx b Nash C & St L 4s Nat Dairy 5% aias. Nat Steel 5375 Newb' l’y(JJ)a’Al 0. w B T&T 1st 65’5 wJ P&L 4%s 60 New Or PS 5852 A New Or P S 55 '55 B N Y Cent 3135 '97 reg. NYCentds 42, N Y Cent con 45 "98. N Y Cent rf 4345 201 N Y Cent rf41,82013n N Y Cent r£ 65 2013.. N Y Centey 6344 N NYC&StL 513 NYC&StL 1st 6s ':5.. N Y Conn 5553 B N Y Dock 5s'38.. N Y Edison 63 44 B. . N Y Edisref 6%s'4 | NYLac&W 1st4s'7 NYNH& H3%3s" NY NH & H 45 '54 NY NH & H 4555 N Y N H&Hart 45’57, NY NH & H 4%s '67. NY NH & H el tr6s'40 NYNH&Hcv 6s 4 N Y O&W ret 4s N Y Rwys inc 6s N Y Steam 1st 5s " | N Y Tel gen4158°39, NYW&B43s 46, Norf&W PC&C 4s 4. orth Am Co 55 '61. . orth Am Ed 5s'69 C orth Am Ed 5%s 63 NornOT& L 6s'47. Nor'n Pac gen 3s 2047 Nor'n Pac 4s'97 | Nor'n Pac 435 2047 Nor'n Pac 5s 2047 D. Nor'n Pac 6s 2047.... Nor Sts P1st5s'41 4 NornStPés'41B... Ohio Pub Ser s '47.. Ohio Pub Ser 7%s '46 Ore RR& N 4s 46... Ore W R R & N 4s'61 Otis Steel 65741 Pac Coast 5s 46 Pac Tel 1st §s *; Pac T & T ref 5s Par-B'way 52551 ct | Par-F-La 6s 47 ctfs.. Par-F-La 6s 47 filed. Par-Pbx » %8 '50 ctfs. | Par-Pbx 5550 filed Pathe Exch 7s°37.... PennO& D4 Penn R R 4%s 81 i Penn R R 4%s ‘84 4 |PennR Rgn4lis Penn R Rdb 45 ‘70, Penn RR 4%s 63 High. Low. Close. 93% 93 4% 32 93 93 41% 32% 34 17% 8Ty 49% b5% 1% NG _STAR. WASHINGTON, 93% 93 4l'% D. C., SATURDAY, MARCH 9, W _YORK STOCK EXCHANGE|UTIONECLINES DEBATE ON NONEY QUIETLY IN WEEK| THEORIES AROUSED Small Exports and Lagging |Governor Eccles Supports High. Low. Close. West'n Md 1st 4s'52. 91% 91% 91% W 317 105‘& 106% 106% . 801 20 29% 89% 89% 89 86% 86 86 101% 101% 101% 106'% 106% 106% 941 94% 9414 A. 102% 101% 101% Willmar S F55°40... 104 104 104 WisC1stgen4s’'49.. 8% 84 8y WisClstgen4s49ct 7% 7% 7% Youngtn S&T 68’70 B 95 947« 95 Youngtn S&T 58’78 A 94% 94% 94% — SIX NEW BANK OFFICES OPENED DURING WEEK Special Dispatch to The Star. CHICAGO, March 9.—8ix mew banking offices were opened in four States during the week, it is reported in this week’s Banking Market issued by Rand McNally & Co. The report shows two new banks, three new branch offices end one reopened bank which had formerly beer operating under a conservator. The institutions are located in the States of Iowa, Kentucky, Michigan and Texas. The bulletin also reports four changes due to mergers and consoli- dations, two' changes in title and seven discontinued banking offices. Wh&LEcon 4s'49,. Wheel Stl 4%8°53 Washington Produce One-pound prints (93 score). one-pound prints (1) score), i one-pound prints (88 score). veal. 16a15; lamb, 18al$: pork loins. ; frésh bams. moked_hams. 37 Tard: 151aali: compound. 1°34al Prices by the United States Bureau ‘ot k_and generally % d States Government barely on nearby graded eggs (,urrem receipts. 19a20: ungraded eses hennery 2| 12.19; January, 12 vernment U. 8. standards. large. OULTRY—Market s lower on fowl: Fowl: _Colored. all sizes, . 16al7: roosters. 9all chickens: Mixed colors. all_sizes, Spring brojlers Turkeys: Hens 2 5,t0 6 pounds. 2 slips, 15a! New York Cotton By the Associated Press. NEW YORK, March 9.—Cotton fu- | tures opened barely steady, 2 to 8 | lower under relatively lower Liverpool cables and foreign selling of the late | | positions. March, 12.16; May, 12.27; 12.32; October. 12.14; December, 2.20. July. Near months held steady. but for- eign selling of the new crop months continued and there was 1074 58 8215 | BTl | 10815 7413 104% 83 8713 954 107 | 108 | 110 1113% 109 103 liquidation. May sold off to 12.25 and October to 1209 or about 3 to 10 points net lower by the end of the | first half-hour. Selling was accom- mmrd by comment on reports from Washington with reference to the | proposed Bankhead bill amendment and uncertainty regarding the possi-'la bility of crop loans next season. Busi- ness was only moderately active. (oFutures closed barely stead. 15 to 26, e March May PenanT Spot quiet Cottonseed Oil. Bleachable cottonseed oil futures closed easy, March, 11.37b: April, 11.40b; May, 11.45b: June, 11.46b: July, 11.59; August. 11.60b; September, 11.63b. Sales, 38 contracts. b—Bid. Livernool Quotations. LIVERPOOL. March o % c t March {oues 6.5 Decehber ¢ CHICAGO STOCK MARKET J«r.uuy 6.56 1935 Domestic Demand Are Market Factors. By the Associated Press. NEW YORK, March 9.—Cotton eased during the week under liquida- tion and scattered selling. Trading was quiet. Sentiment was confused by sharp fluctuations in foreign exchange and legislative uncertainties. ‘Traders showed a disposition to even up com- mitments. Prices reached new lows for the | current decline with May contracts | showing a loss of $2.30 a bale from the February high levels. The failure of the export movement to pick up and reports of a continued poor demand for cotton goods in do- mestic markets were depressing fac- | tors. The spot situation continued to feel the stabilizing influence of the Gov- ernment loan. Private surveys of planting inten- tions in the South have shown con- siderable differences of opinion as to the prospective acreage. Three of | these surveys have been issued with acreage figures ranging from 31480.- | 000 up to 34,572,000 acres and nvex-i «ging about 33,169,000. Some further delays have been re- ported in farm work, while the Southwest is supposed to need addi- tional subsoil moisture. Weekly Cotton Statement. NFW ORLEANS March 9 (¥ —Secre- tary Plauche’s weekly New Orleans Cotton Exchange statement shows that the amount brouzht_into sight during the pa: 9 bales. against 10¢ year before last. and for the emhl days of rch it has veen 99.149. ceipts at al; United States ports, against 6.619.034 last year and ar_before last: overland across 'he Jais sissiopi. Ohlo R t Northern ~miils Z 44 last year and 451 year | seasons of the year, Chri FINANCIA c. 3 A_13 Idea That Velocity Is Determining Factor. BY EADER WINGET, tion is money) is expanded, then the business man can obtain the money with which to do business. If credit is contracted by high rates, they state, then the business world will not borrow so freely for its business. In answer to that, the velocity school cites the present bursting res- ervoirs of credit to which the business man apparently cannot be led. Brokers’ Comment By the Associated Press. NEW YORK, March 9.—Brokers were inclined to look for a little more stability in the stock market price movement. Associated Press Pinancial Writer. NEW YORK, March 9.—The old argument of “velocity vs. volume” in the part money plays in the field of American economics has been touched | off by the recent statement of Gov. Eccles of the Federal Reserve Board. The velocity theory, which is the one championed by Gov. Eccles, holds that the rapidity of spending deter- mines the degree of prosperity. The volume theory is based on the by the people to insure prosperity. Those holding to the velocity theory point out that $100 spent one time will move $100 worth of services or commodities one time. But if that | same $100 is spent five times, then $500 worth of services or commodities | is moved. They contend volume of money has little bearing on the prosperous state of the Nation. The volume of money currently in circulation is $5478,000,000, amount greater than that in drculn- tion in 1929 or 1930. On the other hand, the \‘olumc school holds that the volume of money is expanded sharply during certain mas and the first of the month, and that the people during those times are rela- tively prosperous. Many economists admit, however, that when the word money is extended to include credit as well as currency, | then the volume school has a strongec | argument, but, they add, not a con- clusive one. Most business is transacted in the United States with credit, and there- fore some economists consider the more than five billions of currency in circulation as merely pocket change. ‘When credit (which by their defini- be{nr! 1m, interior stocks in_ excess of r of the commercial 5 781468 last year T07.2 re last: mil takin 000, against 3 060,000 1ast | 440,000 Jast’ year and 3.000.000 year b H These make the total m ;e;\on Xlrlllm :'musl 1 to di ainst 11083441 st <7 year before Temr .nd 4o r the week have br-n scattered | —Cotton. no | demand. prices | 076 last yea r the season 138 last year. a d World's spinners’ laking of American the we: )0 last week ¥ 7T7.000 last year ) year before last: foreig ek 58,000 e last: Total tak the season. ings of American cotton for | last vear 000 _against 9.53.000 17.000 year before last. and Canada. 988600 N last year and 965000 FClusive of Cansds 00 _against 3 803.000 nterior centers have de- A \\eel;’ 121 488 against uring _the " cor, Deriod last seacon of 145535 snd urk now 863442 smaller than at U. S. TREASURY POSITION. BY the Associated Press. The position of_th, tures. O48.0G01.04 4 for the ical year (sl $2 356,301 R4T ms " Teceipte for the al_vear. $1.071 =3 Y Southern | nement tor snell 1 E 00 @ i w‘»u 1855 year and 51000 year “batnss | an | Frazier Jelke & Co—The market |appears to be lapsing into inactivity | with the price tone comparatively flrm | Shields & Co.—Unless there is un- |expected change in administration | policies there is no need for haste in ;lox-g pull buying. E. A. Pierce & Co.—Industrials and the utilities are showing signs of ability to ignore continued heaviness in rails. Hornblower & Weeks—The market | contention that more money is needed | structure has been warped and it re- | mains to be seen whether or not the ‘damage has been fully repaired. | C. D. Barney & Co.—There is a |chance that a further rally will de- | velop after another day or so of ir- regu]urlty LOANS ON D. C. REAL ESTATE PREVAILING RATES OF INTEREST PROMPT ACTION FLOYD E. DAVIS CO. Realtors 733 12th St. N.W. NA. 0353 First Mortcace Loans Homes Apartments 5%% Business Properties Complete Property Management Including Renting, Collections and Refinancing of First Mortgages RANDALL H. HAGNER & COMPANY INCORPORATED MORTGAGE LOAN CORRESPONDENT 1321 Connecticut Avenue N.W. Telephone: DEcatur 3600 Property Management Automobile Insurance Mortgage Insurance Mex Ir 434S ‘43 asst.. Milan 63s '52. . . Minas Gers 615 ‘58 Sept coupon off.. | Montevideo 7s'52. ... 80 Penn R R 55 '64. Penn R R ge PennRR 6% Penn P& L 4%s Pere Marq 1st 4s Pere Marq 1st 53’56 Phila B&W 415577 Phila Co 55 '67 Phila El Co 45 '71. Phila& RC& 16549, Phillips Pet 51,5 '39. . Pillsbury F1 M 6s *43. PCC&StL 4%3'77C.. Port Gen El 4145 '60. . Port Gen E 4% 5'60as. Port Gen Elllst 5 Postal Tel o CHICAGO. March 9 (% —Following 1s the compiete official list of transactions in stocks on the Chicago Stock Exchange e High. Low. Close. | =*100 Allied Prod 15 13 a1 40 Am _Pub Sve pf “.change from the previous week | - should coincide with the normal sea- . sonal change, the index figure would be unchanged. Del & Hud 5%s8°37... Del Pwr&Lt 4% 69, Den& R G cn 4s°36.. Den& R G W 63 55. . Den&RGW 5855 asst. Det Edison 4135’61 D Det Riv Tun 433861, Dodge Bevdb 6s '00. Duqu Lt 1st 4%s East Cuba S 7% Eriecv 4s Erie 45'96. Erierf 5s'67 Erie rf 5375 ie & Jersey 6s —_— Fed Lt & Tr int 5842 Fed Lt & Tr 55’42 st. |Fla EC Ry 68'74.. Fla EC Ry 5s°74 cfs. Ft W&Den 15t5135'61 — Gannett 65°43. Gen Am Inv 58 Gen Steel C 53 Gen Th Eq 6s 40 ¢ 106t 106% | Gen Thea Eq 6s'40... 106% 1064 | Goodrich 6s ‘45 Goodrich 618 47 | Goody'r T & R b8 Gr Tr'k of Can 63 '36. Gr Tr'k of Can 7s '40. GtNRgen4%s1TE |GtNRgenTs'6A... —_ Har Ry-P C 1st 4s ‘54 Hudson Coal 852 Hud & Man inc 5s Hud & Man ref ) | e 111 Bell Tel s°56 111 Cent coll tr 111 Cent ref 4s'55. Il Cent 4% s 111 Cent ret 5 111 Cent 6138 '36...... 1CCStLNO4%s’'63 ICC&StLNO& Ind’polis U R 6865 A’ Iniand St 4%s 78 A. Inlaid Stl 4%s '81 B. Int RT 1st rf 68 '66.. Int RT 7s°32 | Int Cement Int G N adj 6 Int Hydro El Int Pap 1st 5847 A.. Int Papref 6s°55.... Int Rysof C A 5872, Int Rof C A 6348 °47.. There are so many ways in which our Property Manage- ment Department can render profitable service in the con- duct of your apartment house MANAGEMENT and residential properties. B. F. SAUL CO. REAL ESTATE Facing McPherson Square R. B. CUMMINGS & COMPANY, Inc. Insurance in All Its Branches Fidelity and Surety Bonds 923 15th Street N.W. ‘ R. B. CUMMINGS, Pr of emergency of expenditures $7.556.200.- APARTMENT AND HOUSE 161 41 41 98% 98% 169% 169% 101% 101% 101 101 102% 102% | 93% 93% 164 e FEDERAL LAND BANKS NEW YORK, March 9 (B —Federal Land Bank bonds Acked. |55 May 1015 10311 1013, 1013 10134 10135 1041 New So Wales §s '58. S | Nord Rys 6168 °60.... Norway 58 '63. . Norway 5%s '65. Norway 6s‘52. . | Norw Hy E15%s Oriental Dev 6s°53... Car Elec- Cor b loadings. tricity Steel. biny ¢ Latest week..., 62.4 110.7 7 Previous week. . Manlh . 1928 weekly a (Copyright verage. 100. m;s by Moody’s.) _ROADS PLACE ORDERS - FOR 806 FREIGHT CARS By the Associated Press. | NEW YORK, March 9.—Railroad equipment orders in February, as re- ported by Railway Age involved 806 | freight cars. An order was placed for | one locomotive, but no passenger cars | were contracted for. There was now quipment purchased for export dur- g the month. Panama 63 °63 stp asd Paris Orl Ry 5135 '68. Pernam 7s’47Sep ¢ off Peru 6s'60. Peru 6s '61. Poland 7s 47, Poland 85 '50. Porto Alegre 7148 ‘66 July coupon off.. Prague Gtr 7138 52 Prussia 6s ‘52 Prussia 634s "l Natl. 2100 925 15th St. N.W. 180 Eddy Paper [ 100 EI Household 100 Gen Candy A 150 Gen Household 400 Goldblatt )Gt Lakes Drrdve ) Hovd-Her B ) Jeflerson Elec ) Kalamazoo Stove. 40 1y Tr3 o ol | Purity Bak 5s '48. | Rem-Rd 5138 "47TAww 1021} Rep I&St] 55'40..... 104 Richfield Oil 6s '44. 27 Richfield O 6s '44 ctfs 27 Rio G Wcol 4549 A. 30 RIA&LI1st4%s'34 9% 1065 103% 102% 80 Queensland 6s'47. Queesland 7s '41..... St Jo Ry L T&P §s'37 | StL IM&S R&G 45'33 StL-SF 4s'50 A... St L-S F 45 '50 A ctf: StL-SF 4%s StL-SF415s'78 cf st StL-SF58'50B..... St P M&M ext 5s'43. San A&A Pass 45'43. Seabd A Lrf 4s'59 cfs Seabd A L 6345 A Seabd A L 63’45 c Sharon S H 5%s *48 Shell Pipe L 5s'52 Sierra& SF P 5s'49.. Silesian Am 7s"41.... Sinc Con O 7s"37 A Skelly Oil 5355 °39.... SoBell T & T 5s'41.. So Colo Pow 6s '47 A. So Pac col 45’49 So Pac ret X So Pac 41 So Pac H/.l ll. So PacOre 4%s'77.., SoPac S F Ter 4s°50. So Rygen 45’56 A So Ry 55 94 So Ry gen 6s°5 So Ry 638 °'56 Southw Bell T s '54. . Stand Oil N Y 4148’51 Stevens Hotel 6s ‘45. . Studebaker 6s '42.... —— Tenn Cent 6s'47..... TennC&IRR Tenn EIPWr 65°47 A Term As St L 4s°53 Tex Corp cv 58 44 Tex & Pac 58°'79C ol SRR 100 SPIEGEL SALES HIGHER. o NEW YORK, March 9 (#).—Febru- +ary sales of Spiegel-May-Stern Co., «Inc, totaled $1,617,261 against $1,421,- 1846 in February, 1934, an increase of IR $.13.7 per cent. Rio Gr do Sul 7s '66 May coupon off.. Rlo Gr do Sul 8s "46 April coupon off. Roumania 7s ‘59 Aug coupon off... : NAtional 9772 F. L. HURD, Sect'y-Treas. 17 | Pub et ub Sve 6% Pi. o o Storkline Furn pt ) Swift & Co (0 Swift Int ent, J.E.COLLIFLOWER, Vice-Pres., 84y 9274 40% 371 88% STATEMENT OF THE CONDITION OF THE Liverpool & London & Globe Insurance Co., Ltd., of Liverpool, England On the_31st day of December. 1024 as nqulr-d under Section 647 of the Code of Law for Distriet of Columbia. STATEMENT OF THE CONDITION OF THE Globe Indemnity Company of 150 William Street ‘ New York } On the_31:t dnv of December 1034 as reanired under Section 647 of the Code of Law for the District of Columbia. Sao Paulo St 78 '40... Sao Paulo St 7s '56 Sept coupon off.. Serbs 78’62 unm ¢ on. Serbs 8s '62 unm c on. Silesia Prov 78 '68... Soissons 6s '36. ...l FOREIGN EXCHANGES. NEW YORK. March 9 () —Foreign ex- hange irregular; Great Britain in dollars, ‘others in _cents. Great Britain. demand. ; 45 60-day X bonds. none. INVESTMENT TRUSTS NEW YORK. March 8 (P.—New York | Security Dealers” Associ Bia, Asked | Admin Fund ww % vAm Bankstocks . | Am Business Shrs Bullock Fund Taiwan El §348°71... Tokio 5%s '61.. Ujizawa EP 78°45... Un'Stl Wk 6163 '51 A. Uruguay 6s '60. Uruguay 6s'64. 435: Greece H Cucho‘lo\lkm 3]0 Austria, 19.13n: Hun o0 Argentina, Tokio. Net Premiums. Total interest Other " income | €5rpora A ' | Corp Tr A "2 mod Corporate Trust Accum Ser. Corp Tr Aecum Ser mo 2 | Depos Ins | Diversified Tr C . Dividend Shrs Five Year Fixed Tr | Net premiums. | Total interest nnd rents Other income. . ‘Total income : ‘Total income. 0) New B2, Now vork in ‘Montreal 100,531 n—Nomina —— — FOREIGN MARKETS. By the Associated Press. PARIS.—Trading was sluggish _and géces on the Bourse were slightly weaker AYR The c%‘o'smx was heavy. ng was aciive on the Boerse today. and prices continued steady, Wwith an up ard tendency throughout the session. The closing tone was firm. . LONDON.—Closed. DISBURSEMENTS Net amount paid policyholders for losses.. All other disbursements. Total disbursements. . Vienna 6s Warsaw 7. '52 May co. DISBURSEMENTS. Net amount veid policyholders for losse All’ other disbursements. Yokohama 6s '61 DOMESTIC BONDS. AlbPer WP 6s'48... 46 46 Alleg Corp 6s "44. < T T0% Alleg Corp 55 '49..... 60% 59% Int T& Tcv4%s’39. Alleg Corp 58’50 ctfs. 18 18 Int Tel & Tel 43863, Allis Chalm . 101% 101% 101% | Int Tel & Tel 6s '55 Am & For Pw 65 2030. 56% 55% B5% |Iowa C1st&rt 4s'5. Am Ice cv bs ‘53 77% TT% 17% | Iowa Cent 6s ‘38 ct: AmI1GCh ns-, o . 105% 105% 1056% 105% 105 105% . 1073 107% 107% . 109% 109% 109% Am T & T deb bs '60.. 112% 112% 112% Am T & T deb 5s'65.. 112% 112% 1123 AmT&T65%s"43... 113% 113% 113% Am Wat Wks 68'44.. 89% 89 89 Am Writ Pap 6s'47 23 22% 23 Armour& Co 4%s '39. 103% 103% 103% Arm of Del 638 '43.. 106% 105% 105% Armstrg Cork 5s 4 104% 104% 1045 A T&S Fead 45'95 st. 1041 1041 104'% A T&S Fe gn 4s'95 109% 108% 101% 108% 108% 108y 101% 100% 100% RTh 87K 87Y% 34 108 Real estate. .. *Bonds and ' stoc Deposits in banks Premiums in course of collection. Interest and rents due or accrued. All other assets Total disbursements. . Inv Tr N Y Eefl estate . Investors Fund of Am I Mo Gross assets. . Deduct assets not ad: Total sdmitted assets. *Securities carried at $837.671.27 In the above state- ment are deposited as required by law. LIABILITIES Total unpate clatms. . $10.080.730.68 ctal unearned pre! 785.1 Other hiabilities. . . 54688 Capital paid up. $2.500.000.00 Surplus over all’ liabiliiies. 5.000,000.00 Cash in wmnlnys office. Deposits in banks. T S CHICAGO LIVE STOCK. CHICAGO, March 9 (P (United States -Devmmenn of Agriculture) —Cattle. 500; s. 200; compared Friday last week: “Steers and yearlings, 5085 higher: I} AR otRer Rasete” 33 113% 113% 73 12% 58% 68l 107 107 I ross asse | Deduct Catsets “Tot adritted: Total admitted assets. . LIABILITIES, Plymouth 47. Siarterly Inc. Shrs Se UnE L &P 5857 UnEIL&P53%s'54. Un O Cal 65 '45 rc ww Un Pac 1st 48°47.... Un Pac 4s°68. 1 Un Pac 1st If 43 2008 Unit Drug 5s'63..... U S Rubber 5a°47., Utah P& L 65’44, Utah L& T5s'44 A, Utlca G & E5s°57.... Util P& L 5359 ww. Util P& L5%s 47 giimes R e v AN ighes! Ne i et unpaid claims rlis 13.65: rank and flie fat steers, et unpaid_claims. Other liabilities includin Deposit Capital Surplus over al Kendall 618 48 ww. Keith 6s *46. 68 Ky &Ind T 4%s’ Hstp 98% 984 98% Kings County El ;! 99% 99% 99% 100% 100% 100%% 62% 62 62% 95% 95% 95% 42 42 42 1321 132% 132% . 103% 103 103% 115% 114% 114% 591 59l 59% 1118 111% 111% 106% 106% 106% 1015 101 101 % 8 8 .$32.668,000 58 NET PREMIUMS WRITTEN DURING THE YEAR. District of iy " 1.045.241.08 sot dmnduble ounet and closed 4324108 v with advance. whereas better 0 due to lax shipper -$18.435,003.56 NET PREMIUMS WRITTEN DURING THE ‘otal 34 Accident YEAR District ot m Col $31. 8,086.49 Laclede Gas 55’39 Laclede G 5%s ‘53 Leh Val Coal 6s'38. .. LV R Rcon 5s 2003. Ligg & Myr 7 Long Isl ref 4 34 | Lorrillard 108 . LouG&EGSs'52A 100% 100 100% | L & N unif 4s '40 45% 44T 4% 105% 106% 105% 60 60 Trust Furd Si Tristeer Tngneiry shrs Trusteed N Y Bk Trusteed Am Bk B U.S. TBEASUBY NOTES. (Reported by Chas D Barney . Co.) Rate—Maturity 1] Workmen's * compensation ively _te d. but confined exclusively o5 —— i thin offerings selling at 7.50 down to 8.2; starvation runs main_stimulating_factor 4n live market: beef trade very narrow. but_still broad enough to absorb the live crop at unevenly higher prices for week ending Friday. day] last wer; Vanadium cv 5s'41.. Va EI&Pcv 53842, VaRy1st6s'62A... Steam boiler Meachinery Auto prope m damage. Auto_col Bloperty damaie lision other than auto. Totals . 231,794.95 408.201.08 z portation TR Tornado, windstorm. clone. . . Riot. vl explosior Aircraft Totals teeeereerrssn.. 58.403.005.03 $51741.62 g4, aqmment,, ibscribed and sworn tg'sb'elnur';";xdespb thl day of Sul Pebruary. 1935 ALBERT HN: a3 3 e, 5 pusiic FG' York e P ESunty: ReSiiration's No. Atl Refin deb 55 '37.. and cy- B&ontu'fl.. Wabash 6876 B..... 60, 1 week's ' top fed ste, 9.00; week's bulk srou; edium 'lambs Slonally ¥ 30aR00 15 load lots; two ‘Gon- bles choice 90-pound Fall shorn Inmbs 8.35 early: medium to good ynrllnu 0085.25 molu shighest on :zn grer @ 65, $138.210.03 N nxm President. sescereness.$15,641.468 66 L & N So Mon jt 4s A. DUNCA! M'Cro'yS 54 s'41flled. McKess & R 5%3°'50. Manati Sug 71842, Manila RR SL 4s'39. Manila El R&L 5s '53. Mead Co 6s '45 P. A. KINGSBURY, Secrefary. ubscribed and sworn o before me this 16th day of thrulry 1935, . (Seal.) CATH! RUNY! otary lie, Queens Co. Clk's No 3275 _Reg. No. 7605. N. Y. Clerk’'s No 897 No. Commission expires March 30, 1935. Warner Bros cv 6s'39 Warren Bros cv 6s *41 West'n Md 6%s877. .. West'nNY&P gn 45'43 xonu W PaP4s'61H 1093 109 109% W Pa P 1st 584 1% 111 111% W Pa P 1st 55°63 119% 119% 119% W Sh 1st 45 2361 ‘West'n El deb &8 86 86 9% 99 13% 13% 71 98 535595 9Th 9Tk 104% 104% | 3 Nassau ty Cert. g 2 A 6492, kit o bt - . oy nf Trom last Priday e anfiedo {0ttt sEIa tack none: Pl Seotations gatimated holdover. 1. 80% 80% 80% '51.. 101% 101% 101% Bang & Aroos Bell T of Pa 5848 B., 118% 118% 118% ! 2 Midvale S&0 68 ‘30,4, 103% 103 103