Evening Star Newspaper, March 11, 1935, Page 15

FINANCIAEL. . 3. BONDS DRIFT TOLOWERLEVELS Second-Grade Rails Weak Under Active Selling. Others Mixed. By the Associated Press. NEW YORK, March 11.—Bond, market support was rather timid to- day and prices worked lower over a fairly wide front. Second-grade rails were definitely weak under fairly ac- tive selling. United States Governments were Inclined to sag although losses were not heavy. Treasuries were down 4 of a point, but the majority of declines were narrower. Losses ranged up to 2 points in| Baltimore & Ohio 4'¢s, Erie 5s, Ches- apeake & Ohio 41%s, St. Paul 5s, Great | Northern 41%s, Southern Pacific 4%s and Southern Railway 4s. Industrial and utility classifications also contributed some declines. The foreign list was mixed. German 1s were strong under moderately active buying. CORPORATION REPORTS TRENDS AND PROSPECTS OF LEADING ORGANIZATIONS. NEW YORK, March 11.—The fol- .. lowing is today’s summary of corpora- tion news prepared by Standard Sta- | tistics Co., Inc., New York: United States Steel Corp.—Ship- | ments of finished steel products in February totaled 583,137 tons, com- pared with 534,055 tons in January | and 385,500 tons in February, 193 for two months shipments were 1 117,192 tons, against 717,277 in 19 period. White Motor Co.—1934 deficit was $1.400,801 vs. deficit $3.168.589. Hudson Motor Car Co.—Shipments | of Hudson and Terraplane cars to March 2, totaled 26.183 units, a gain of 879 per cent over like period of | 1934 and best for any year since 1930; retail sales in February gained 2,000 cars over February ,1934. Jefferson Electric Co—Declared a dividend of 50 cents on common stock; on December 29, 1934. a similar amount was paid on this issue Maytag Co.— 1934 first preferred ghare earnings were $33.09 vs. $20.32. American Smelting & Refining Co— 193¢ common share earnings were $1.63 vs. 77 cents. Aluminum Co. of America—A jury, in Federal court at Hartford, Conn., awarded Baush Machine Tool Co. $956,300 damages in its anti-trust suit against this company for alleged mo- nopolistic practices; court ordered damages trebled to $2.868.900 under terms of the Sherman anti-trust law. | Hazel-Atlas Glass Co.—193¢ com- mon share earnings were $5.21 vs. $6.22 Globe-Wernicke Co.—Deficit quarter ended December 31 was $1,567. Un- filled orders of company on hand on December 31, 1934, were 40 per cent higher than at end of 1933. Sales in * January. 1935, were said to have been - greater than any month of 1934. . Dictograph Products Co—1934 net income was $162,564, equal to. 81 cents - & common share, vs. deficit $1,392. Peoples Drug Stores. Inc.—1934 common share earnings were $4.48 vs. . $427. Mandel Bros., ended January 31, net income $8,017. United Drug Co., Inc.—1934 common share earnings were $1.31 vs. 46 cents. Inc—Deficit, year Columbia_Gas & Electric Corp— | ° Subsidiary, Union Gas & Electric C _and officials of Cincinnati have reached a compromise agreement on | gas rates which is expected to end a four-year controversy; a new ordi- nance, agreed to by company and “ officials, provides for a cut of 3 per| ~"cent to 24 per cent in the present rates . over a five-year period; for a refund of $2,120,000 to consumers from funds - segregated for that purpose, and for a | $300,000 extension of mains to Mount - Washington. New England Telephone & Tele-! ]xmyn'n“........ graph Co.—Gov. Curley declared that telephone rates are unreasonably high .and must be reduced at least 15 per cent; he said he hoped to arrange with telephone company officials for a voluntary reduction. Pacific Gas & Electric Co.—Com- pany filed a registration statement with Securities and Exchange Com- mission, seeking to issue $45,000,000 of 4 per cent first and refund mort- gage bonds. series G. due December 1, 1964: proceeds will be used to retire $44.646,000 5'» per cent first and re- funding mortgage bonds, due Decem- ber 1, 1952, on June 1, 1935, at 105; new bonds will be offered by a bank- ing group of nine firms. Tllinois Bell Telephone Co—Janu- ary net operating income was $850,105 Vvs. $1,052,755 in January, 1934. e SHORT-TERM SECURITIES. (Reported by Chas. D. Barney & Co.) Allis-Chaimers Co T Beet = Colorado & So. 4%2s 193 Delaware & Hudson 5s 1935 Den. & Rio Gr. 4125 1836. iorthern Tilinoss Central 6l Intl. Tel & Tel. 415 Lake Erie & West. ‘ll Vailey Coal 6is ‘anadium Wabash Rwy. ‘Warner Bros. 65 U. 8. TREASURY NOTES. (Reported by Chas D Barney & Co.) R:m—uuumy June 1 103 8-32 101 10-32 104 11-32 B RO Te BRRRET SR A G 03 1-3: 2 100 27-32 FOREIGN EXCHANGES. NEW YORK, March 11 (# —Foreign exchange irregular; Great Britain in dol- a h. it Britain & !l Xico /5: Monf in New PRew York i Montreal, Some of the long-term | was $297,109 vs. | By private wire direct to The Star. LIBERTY. High. Low. 2:55. 31451932-47..... 10310 1033 10338 - 31,51932-47, reg. 1034 1034 1034 1stcv 4%s 32-47. 10221 10212 10221 4th 4% s 1933-38..10315 1039 1039 4th 434 33-38 reg 10310 1038 1038 4th 4%s 33-38 3d called.. 1012 10023 10023 4th 4% s 33-38 3d called reg. . 10027 10027 10027 TREASURY. 381946-48.... 1034 10226 10226 335 1951-66 1033 10227 10227 314 1946-49. 1044 10331 10331 3145 1949-52 1045 10328 10328 13451941, 1072 10631 10631 '!%1]9“ 46,.... 10430 10423 10423 3%51940-43 June 107 107 107 3%s1941-43 Mar. 107 107 107 3%s 1943-47 106 14 10614 10614 3% 1946-56 10912 10912 10912 451944-54 11019 11019 11019 4%s-3Y 1051 10423 10423 l'&ul!l'hsz.“.‘ 11519 11516 11517 FEDERAL FARM MORTGAGE. '!slu'l .. .. 10123 10116 10116 1381949, 10123 10115 10115 !3“!]960. 10312 10310 10310 HOME OWNERS’ LOAN. 1006 100 100 ‘z-A 10122 10114 10114 481951 10111 10110 10110 ’ FOREIGN BONDS- h. Low. 2:55 Abitibl Pa&Pw 58 '53. W Agr Mtg Bk Col 6s '48 April cou on ! Akershus 6s '63. . Antioquia 75 °45 A, Antioquia 7s 45 B Antioquia 75’45 C Antioquia 7s'45 D. Antioquia 1st 7 '57 Antioquia 3d 78 '57 Argentine 5% 63 Argentine 6s ‘57 A Argentine 6s ‘58 B Argentine 6s ‘69 June Argentine 6s ‘69 Oct. . Argentine 6s '60 May. { Argentine 6s ‘61 May. | Argentine 6s ‘60 Sept. | Argentine 6s°60 Oct. { Argentine 6s ‘61 Febr { Austratia 43%s 56 | Australia 58 °55. | Australia 58 '57. Austrian 7s 43 g Austrian 78"57... 101% 10133 M 9 « 102% « 106% 115% ! Belgium 6s ‘65 Belgium 6725 "49. | Belgium 7s '55 { Belgium 18 '56 ! Berlin 6% " Berlin Elec 6%s 51 , Berlin Elec 6138 "59 Bolivia 7s '58. | Bolivia 8s "4 | Brazil 638", | Brazil 78’52 | Brazil 8s '41 | Brisbane 5s'57. | Budapest 6s '62 unmat cou on. Buenos A 6s°61 st Pv | Buenos A 61:8'61stPv Caldas 7135 '46. Canada 4s 60. | Canada 4%s anada §s°52. Cauca Valley Chile 6s'60. . . Chile 6561 Febr. Chile 65’61 Septecaos Chile 6 '61 Jan. {Chile 68'63. .. Chile Mtg Bk 6s '61. { Chile Mts Bk 63%s 57 Chile Mtg Bk 6% s '61 ‘Chilean Mtg L 7s"60. Cologne 612550 Colombia 6s 61 Jan Colombia 6s ‘61 Oct.. Copenhagen 4%s '63. Copenhagen 58 °52... Copenhagen Tel 6s "54 Cuba 5s 1904-44 . Cuba 5%s"45. Cuba 5’28 '63. Cund'amarca 6148 Denmark 4%s"62.... Denmark 5s '55. Denmark 6s ‘42. 1 Elec Pow Ger 645753 | Estonia 78 '67....... Finland 6%s " . i Finnish 63;s '54 A i French Gov 73s'41.. | Gelsenkirchen 6 | Ger Gen El 65 48. Ger Gen I31 7s \(_.er Gov Ger Rep 7s'49 |Great Br & Ir 515837 | GrtC El Jap 635 30. GrtCElJap 7 4. | Haiti 6s5°52... Hamburg St 6s"46. Heidelberg 7158 "50 . Helsingfors 6 Hung Con M 7 1 unmat coupon on Japan 5%s'65. Japan 6%s '5 Kreu&Toll 55’59A efs — Lelpsiz 7847 2 Medellin 6% 54... Merid Elec 78 '57 A. Mex 4s '10-45 asst s. Mex sf 55 45 asst. Montevideo 7s'52. — New So Wales 55°57.. New So Wales Nord Rys 6%350.... 169% 169% Norway 68 '63. . 101 101 Norway 5%s 65 102 101 102 Norway 6s '43. 104 104 9 K % 9 41 99 98% 169% 101 104 Norway 6s"4¢. 104 104 104 Nuremberg 6s "52. 29% 29% 29% 81% 81% 81% 102 102 102 OsloG & E 5563 9% 99 99% —_— Panama 55°63 stpasd 424 4215 42% Panama 5148 '53.. 106% 106% 106% Peru 6s°60 8 B Ay Peru 6s ‘61 8% B84 By Peru 7s ' 13 13 13 Pirelli 7s '52 102% 102% 102% Poland 6540 Poland 75 '47 Poland 8s "50 Prussia 65 °53. Oriental Dev 6: Oslo 6s '55 107 107 107 38% 38% 38% 16 16 16 1% 1% 17% 81% 81w 814 34% 34% Queesiand 7s"41. . Rhine W EI P 68 '55.. Rio de Jan 6%s '63 Aug coupon off. . Rio Gr do Sul 63 '63 June coupon off. Rome 6%8 ‘5! Roumania 75 '69 Aug coupon off. . Sao Paulo St 6s ‘68 July coupon off. . Sao Paulo St 7340 Sao Paulo St 8s'50 July coupon off. . Saxon St Mtg 614846 Serbs 75°62 unm c on. Serbs 85 '62 unm c on. Siemens & H 7s°35. Silesia Prov 78 '58.... Taiwan El 5%8°71. Tokio 58 '63. . Tokio 53%s Tokio £1 Lt 68 53 Ujigawa EP 78°45... Un Stl Wk 6%s'51 A. Upper Aus 6%s ‘57 unm coupon on. Uruguay 6s Uruguay 8s 35% 38 72 37% Yokohama 6s 61 835 DOMESTIC BONDS. Alb & Sus l*l‘“ gtd 101“ Wllfi 101% Alleg Corp bs "44. . Alleg Corp 65 * @ iau 59!/. Alleg Corp b 18% Alleg Corp 68 '50 ctfs 18% 18% 181 Alleg & Westn 45°98. 90 90 90 102 102 102 101% 101% 101% 56 55% b55% . T T8 Warsaw 78 ‘58 Wuerttemberg 7s °6 Am ce cv 68753, 00 3T | Net change .. Today, 1 p.m Previous day . Month ago . Year ago .. 1935 high .. 1935 low 193¢ high 1934 low 1932 low . 1928 high Today. 1 pm. Month ago . 1935 high 1934 high . 1928 high Am1GCh5%s'49 Am Intl 5%s 49, Am Roll M 5538 Am Smelt & R 68°47. AmT&T 4%s Am T &T el tr 68 '46. Am T & T deb 6s '60. Am T & T deb 6 AmT& T 6%s '43. Am Wat Wks Am Writ Pap 6s°'47.. Anglo-Ch Nitr 7 Armstrg Cork 5. Arm of Del 6% AT&S Fead] s A T&S Fead 4s A T&S Fegn 4595 AT&SFed AT&SFeCA 4% Atl Coast L 1st AtICLun 4% Atl Refin deb Baldwin Loco 53°40. B&O 1st4s'48.. &0 Ill 6848 & & & & Oref 6595 C &0 PLE&WV 4s°¢1 B & O Swn bs '50.. B & O Toledo 45 '59.. Bang & Aroos 4s '51. | Bang&Aroos cv 4s'51 Bell T of Pa s 48 B, Dell T of Pa 5860 C. Benefictal L 65 ° Beth Stl pm 6s 3 B B B B B B Bos & Me 5s'55... Bos & Me 6567 Bos& N Y A L 4s'55 Bot Con M 6%s '34 | Bklyn Edis 5! Bkiyn M T 6s°68 A Bkiyn Un EI 6s 50 | Bklyn Un Gi ‘45, Bklyn Un G 58°57 B. Calif GRE ref 55°37.. Calif Pet 55 °38.. Calif Pet db 5348 '38. Camag S 7s 42 ctfs. . Can'dian Nt R 43 Can'dian Nt R 41 Candian Nt R 43%s'57 Can'dian Ry 4%s '55. Can’dian Nrdbéi%s'4 Can'dian Nrdb 7s 40 Can'dian Pc 5s ‘54 Caro Cl1 & O 5s°38 | Cent Dis Tel 5s '4; Cent of Ga 1st 55 '45.. Cent of Ga 5s'59 Cent Hud G&E 7. Cent 11l E& G 58 51, Cent N Eng 4s 61... Centot NJ 4s Cent of N Jgnss'87rg. Cent Pac 15t rf 45°49 Cent Pacbs |C& O 432595 B, C& O con 55’39 | Chi & Altref 3s°4 4 |Chi B& Qgenas 58, |Chi B& Q41871 Chi B& Qret 5s°71.. Chi B&Ql div3 Chi B&Q1 div 4s " ChiIn & L gen 5s 66 CM&StP 45 '89. Am Mach & F 65°39. . 8 ‘44, 5. Armour& Co 41839, 43.. 5. 10415 1042 1041 Beth Stirfdb5s’42.. Bos& Me 4%s'61J.. Bklyn Edis 5349 A.. 52 E.. Buft R&P con 4%s '67 Bush Term 1st 4s'52. » | Bush Term cn 58 °55. . - 102t Can’'dian Nt 58’65July Cap'dian Nt 6s'650ct. Can'dian Pc dbdsperp Can'dian Pc 4%s '60.. . 10%% CM&StP gn 4128'89C CMStP&P58'75.. CMStP&P adj 5s 2000 Chi& NW gn 3%s'87. Chi & NW gn 4s'87.. Chi & NW gn 4s'87 st Chi & NW 4158 2037, Chi & NW 4%s 20370 Chi& NW 43%s°49... Chi & NW rf 552037, Chi Rys 1st 5s "27 CR1&Prr4s'34... Chile Cop deb 5= "47.. CinGas El 45’68 A Cin Un Ter §5°57C. . CCC&StLrf 4% 7171E CCC&StL rf 5363 D. Clev Un Ter 43877, Clev Un Ter 63 '13 B. ClevU Ters%s12 A Colo Ind ¢l tr Col&Sorf ¢ Cold& Sou 4% 5852 April... ColumblaG & B Con Coa! Md rt 68 50 Con Gas Chi 6s 36. Crown Zell 65 "40 ww Cuba R Rref 7%s'36 Cuba Nor RR 5% Cuban Cane P 6s '50. Del & Hud rf 48°43 Den G & E 5s ‘51 st Den & R G cn 4536 Den& R G W 6555 Den&RGW 5855 ass Det Edison rf Det Edison s 'b: Duqu Lt 1st ¢ 48 67, East Cuba 8 7%s '37. Ed El 11 Bklyn 4s 'ts Eriecv 4s'53 A, Eriecv4s'§3 B Eri Erie rf 5375 Etie Gen Riv 6s '67 Gannett 6s°43... Gen Am Inv 55 °52. 18% 18% | Gi Chi Un Sta 4%5'63 A. 107 Chi Un Sta 6%s°'63C. 118 113 113 Chi& W 1 con 45 °52.. Clev Short L 43s '61. 10!% ls% lN‘fi Oasst. Columbia G & E deb Con Coal Md 65’50 cfs Con Gas N Y 4%s ‘51, Con Gas N ¥ 68°57... Con G N Y 534545 reg Consumers Pwr 58’52 ‘42 Del & Hud 6%8°37... Det Kdison 4%s'61 D —— Fla ECRy%s 74.... _— G STAR, "WASHINGTON. D. €., MONDAY, MARCH 11, 1935. IBONDS ON NEW YORK STOCK EXCHANGE BOND AVERAGES Complled by the Assoclated Press. 20 Rails. 10 Indust. 94.1 94.1 94.0 85.9 95.9 93.0 929 3.7 7 400 eees 1011 98.9 10 Low-Yield Bonds. 109.7 Previous day .. 1095 Year ago .. 1103 1935 low . 1083 1934 low 1044 1932 low .. High. Low. 2:55 107% 1067 107 B9% B89% B9% 102% 102% 102% 105% 105% 1054 105% 1047 104% 107 107 107 109% 1093 109% 112% 112% 112% 112% 112% 112% 113% 113 113% 89 88 88 22% 22% 22% % % 1% 104% 104% 104% 103% 103% 103% 105% 105% 105% GtNRrefd4% . GtNRgen4%s°76 D GtNRgend4%s'17T B GtN Rgen5s'73C... GtNRG6%s'52 B. GtNRgenis'26 A Gulf Sta 8t1 l%l’fl. Har Ry-P C 1st 48 ‘54 Hudson Ceal 68 52 Hud & Man inc 6 Hud & Man ref 63 ‘67, 6. 111 Cent ref 4s°55. 111 Cent 4%s'66. 111 Cent 6%s '36. 1043 104% 104% 1081 108% 108% 107 106% 106% 110% 110% 110% 100% 100% 100% 87 86% 86% 108 108 108 981 Inland suufi-"ll A. Inlaid St1 4%s'81 B, , Int R T 1st rf 63 '66. IntRT 7s°32. IntR T 7s'32 ctfs Int Ag col 5s *42 stp. Int Cement 58 '48. Int Gt Nor 6s'62 Int Hydro int Mer Mar 6s°41 Int Pap 1st 5847 A, Int Pap ret 6s°55 Int Rysof CA 5 Int T& Tev 43%s'39. Int Tel & Tel 6s '55. .. Inv Eq 55 48 B xw Iowa Cent §s '38 ctf; KanCP & L4%s'57. KanCP& L 4%5°61. Kan C Sou 1st 38 50.. Kan C Sou rf in §s '50 Kan C Ter 1st 45’60 KanG& Es% Kelly Spr Tire 63 "42. Kendall 53,848 ww.,. Kings County Elev dstayis e Kresge Founda s 6 Laclede Gas 55°39. Laciede G 6%3 53 C.. Laclede G 5%s'60D. . Lake S&M So 3%s'97. Lautaro Nitr 6; . Leh C&N4%s'54C. Leh Val Coal 65 °54... Leh Val Coal 55'74... 108% 1084 1024 1031 45, 103% Ligg & Myr 58°61. Loew's 6s'41.. Long Isl ref 4s°49 Long Isl deb 5s'37. Lorrillard 5s'51. Lorrillard 7s44... La & Ark 55°69. Lou & Jeff Bld 4s L& N43%s2003C L&N5s2003B. L&Nrf5is2003 L &N Atl K&C 4s5°55. L&NStL3s'80 —_— M'Cro'yS 53 s'41filed. McKess & R 533850, Marion St Sh 6s'47... Met Ed 1t rf 414568 1231% 106% 85y 978 97 102 99% 6L Sl 67% 67 104 103 104% 1031 117% 11T 1084 1084 109 108!y 11278 1124, 40% 40 108% 108% 107% 107 112% 11213 105% 1052 Mich Cent 43579 Midvale S&O 65 "36. MilER&SL 6s’s1 103% MitE R&s Lre 117% 108% Mo K & T 15t 45°90., MOK&T4s'62B MoK &T 6862 MoK & Tadjbs'¢ Mo Pac 48°75. . Mo Pac 55 'G5 A ctfs Mo Pac 6877 F.... Mo Pac 5578 G | Mo Pac 5 Mo Pac Mo Pac5%s '4 Mob & Oh 413577 Mob & Oh 5s°38. Mont Cent 55'37..... Mont Cent 6s 37 Mont Pew ref 5s Morris & Co 4%48°39 Mor & Eax 3345 2000 40 1058 107 | 1121 | 105‘7' 108':] 5% New Or P S 53 '55 B.. New Or T&M bs'54 B 21% 21% | New Or T&M 6%s ‘54 106% 107 |N Y Cent3%s5'97.... N Y Cent 3% N ¥ Cent con N Y Cent rf 4348 2013 N Y Cent rf43%s2013n N Y Cent rf 5s 2013.. 9% 9T% 9T% 833, 83l 8314 106% 106% 106% uzu 112% 112% sk ssu 88% % 8!% 7% 25 2% 59 5% 6% ki 76 74% 3% 3% 111% 111% 111% 1z 112 112 39 38y 38% 39 381y 384 104% 1047 1047 103% 103% 103% 105% 105% 105% 106% 106 106w 108 107% 107% 106% 106% 106's 103 103 9915 991 30 30 a% 1% % % 9 1 2% 92% 92% 105Y% 105% 105% 254 24% 25 ™ TH % 6% 6 6% 111% 111 111% 108% 108% 108Y% 110% 110% 110% Norf & W divds’ “ Norf&W 1st 4s 96 North Am Co 63 °61. North Am Ed 5s'69 North Am Ed 535 '63 Nor'nOT& L 6s'47. Nor’'n Pac gen 3s 2047 Nor'n Pac 45°97..... 1. 109% 1093 109% | Nor'n Pac bs 2047 D. 105% 105% 105% | Nor'n Pac 63 2047.... 108% 108 10°% | Nor Sts P 1st 58’414 109% 109% 109% | Norn St Pés 41 B... 9 9 9 |OhioPubSer7s'dl.. 1075 1074 1074 | Ohio River 1st 5536 Ore WRR&N 4s 60% 59K H'A Otis Stesl 1 116% usv. usu PacG&ESs Pac Tel 1st b: % 7 7 |PacT&Trefs Par-B'way 63%s '51. . 103% 103% 103% | Par-F-La 6s ‘47 ctfs. . 103 103 | Par-F-La 6547 filed. 88% 88% | Par-Pbx v%s '50 ctfs. 7% | Par-Pbx 5% °69 filed T% | Pathe Exch 7837 GrTrkofCan7s’48, 106 106% 105% P'llll‘."‘l".- ‘ 10 Util. gh. Low. 1014 67% 66% 4% 6% 82% 92% 92% 40% 6% 88% 2:85. 101% 68 68% T4 k3 84 92% 92% 405 37 &9 110% 110% T4% 80 59 Ble 107% 107% 107% 105% 105% 106% 106% 105 105 l03h 9% 102% 103 | StL S W 1st Ter 55'52 41% “| StPM&MM ex 45°37.. High. Low. 2:55. Penn RR 4%s'63 Penn R R 68°64 Penn R R gen 113 112% 112% + 104% 104% 104% 103% 103% 103% Peo G Lt&C Pere Marq 1st Pere Marq 1st 6i Phila B&W 4%8 Phila Co 65 '67. Phila E1 Co 45 °71.... 107% 1074 107% 109% 109% 109% Phila& RC& 16549, 46% 46 46 Philippine Ry 4s'37., 23% 23% 23% Phillips Pet 6%s'39.. 102% 102% 102% '43. 108Y% 108 Port Gen El 4145 °60. . Port Gen £ 4%8'60as. 556% 55% B5% Port Gen Ell1st 65 '35 101% 101% 101% Porto Rico A T 65'42. 45 451 46% Postal Tel & C6s'63.. 45 44 44% Bub S E1 & G 45 11-.. 107% 107% 1075 Pure 011 5%s'37..... 102% 102 102 Pure Oil 5%s '40..... 102 101% 102 —_— 26'% 26'% 26% R-K-O 6s°41. . Reading Jer C4s°'51.. 98% Y8% 9BY 4 105 105 teading R 47 Y Rem-Rd %8 4TAww 102% Rep 1&Stl 55 40 104% Rep 1&St] 5 97 Richfield O 6s '44 ct 26% RG W 1stexin4s'39 68 Roch G & E5s'62 E.. 108% Rutland Can¢s'49... 33 108% 108% 33 St Jo Lead 53,8 '41... 108% St Jo Ry L T&P 55'37 100 St L IM&S R&G 4533 59 StL-SF4s'60A..... St L-S F 45’50 A ctfs StL-SF4%s'18 StLS W lst4s'sy 103;‘ 108% 100 59 B3 75 o 41% 10214 StPM&MPac ex 45 "40 St P M&M ext 5543, St P U Dep ref 5s'72, San A&A Pass 4s 43, San An PbS 6352 A. Seabd AL 6s'45 A. Seabd A L 6s '45 cf: Seabd A-Fla 6s'35A ct Shell Pipe L 58°52... Shell Un O11 5547 Sterra & SF P 65'49. . Sine Con O lV,s‘zl B. Sinc Con O 7s " Skelly O11 5% So Colo Pow 6347 A. So Pac col 4549, So Pac ref 4s'55. So Pac 4% '68. So Pac 4%s '69.. So Pac 4%s '81. 80 Pac Ore 4357 So Pac S F Ter 4s ‘0. So Rygen 45 '56 A | So Ry 58 94.. 107% 107% 107% Southw Bell T 55 '54. Stand Oil N ¥ 41:8'51 Stevens Hotel 6 Studebaker 6s ‘42 ‘Tenn Cent 6s 47, TennC& Cé6s'44 B Tenn EIPwr 6547 Term As St L 4 Texarkana 5%s 5 Tex Corpev os 44, Tex & Pac 5577 B. Tex & Pac 55'79 C. Tex & Pac 55 '80 Tex & Pac 1st § Tex & P MPT § Third Av ref 43 '§0 Third Av 1st 58" 1 Third A ad in ex 55'60 25 llfi'u 9615 ' | Trumbull Stl 6540 102% 102% 102% 1021 102 102% 107% 107% 63 63 120 114% 114% 114% 120% 120% 120% 100% 100% 1004 . 26% 26% 26% 21% 20% 108 108 unon 12% 12% 108% 108% 112% 112% =8 875 83y 82% 83 88 87% 88 108% 1084 1081% 4% T4% 10415 104 87T% 874 95% 954 1074 107% 108 108 110 110 110 1021 1021 102% 109 10v 109 118 118 118 18 118 118 103 102 102 80% B80% 80% 106% 106% 106% 107 107 107 112% 112% 48% 12% 108% 112% 88 108 1 8 92% 2% |UnEIL&P5Ls Un Pac 1st 45 Un Pac 4s '68. Un Pac Ist rf 43 2008 Un Pac ¢35 67 Un Pac 1strf 55 2008 Unit Biscuit 6s Unit Drug 58'53 U S Rubber 5s *47 Univ Pipe & R 65 '36. Utah L& T 5s'44 A.. Utah P& L 5544 Util P& L 5559 ULl P&L6%s"47 —— Vanadium cv §s *41 Ver Sug 1st 75 42 Va EI&Pcv 548 '42.. Va EI&P 6%s 4. Va Ry 1st6s'62A. Wabash 4%s°78. Wabash 5s ‘76 B. Wabash 55 '80 D. 106 110% 1063 105% 17 105 90 95% 27 841 53% 14% 14% 93 663 140 43 511 106% 350 1051, 111 1111, 831, 7914 Walworth 65 45 A. Warner Broscv 6s Warren Bros cv 6s ‘41 Wash W P 1st 5= 39. W ra P 1st 5546 A W PaP1st5s’56G W Sh 1st 4s 2361 gtd. W Sh 1st 4s 2361 reg. West'n El deb 55 °44. . West'n Md 1st 43°52. West'n Md 5%8°77 West'nNY&P 1st5; West'n Pac 55 46 A West'n Pac 55'46A West'n Un 4348 °60... West'n Un col tr 55’38 111 1l 821 79 106% | 102% 89% 86% 101% 891 89 85 85 1013 101% 9% 9% 1023 1024 % T4 8% 8% 8h 8% 104 108 West'n Un 6% l‘... Wheel Stl 434s8°53... 4! White S M 6; W Sp Stl 1st 75 °35 ct. W Sp Stl con 78 ‘35 ct Willmar S F 55 '40 Wilson&Co 1st 65 °41. 109% WiSCS&Dter4s'3s 6 WCS&D ter 4s'36 efs 4% Youngtn S&T 0B 9 Youngtn S&T 68’78 A Y5 6 6 4 4% 94N M Vi v INVESTMENT TRUSTS mm, %nnmx“ ?.—New York Admin Fund ww Am Bankstocks ErE B B iy "o dF 28 S EpeoRzTEz g%figgggsi Hifeetmaggits B B P "B o kEEEEE H & i a82820%q; 11111 q 2888820828522 533831 Y March 1 —Li T Poee Eiymouth Abeks Taiy turkeys. young hens. 24: toms. 3 dnelbn'hlte Pekin, nnu llll.‘ ‘mixed colors. 16a17 eight: old old roosters. l&'/nln‘n hflu 1da—55 BITUMINOUS OUTPUT UP. NEW YORK, March 11 (#)~—Bi-|crates tuminous coal production for the week ended March 2 increased more than 300,000 tons over the preceding week. A to trade reports it was the mmmtdnflthh‘mo( ‘March, 193¢, 101% 101'% 101% | ¥ s |~ 1081 8 EGG QUOTATIONS ARE ABOUT STEADY Receipts Heavy for Monday. Live Poultry Weak at Quoted Prices. Egg quotations were about steady on the Washington produce market today despite moderately heavy re- ceipts for a Monday morning. Live poultry was weak at quoted prices. Recelpts were ngm but very little activity was reported. The summary, with en. live poultry, fruit and vegetable prices furnished by the Department of Agriculture follows: BUTTER —One-pound prints (03 scere). one-pound prints (90 score). one-pound prints (88 score). veal. 16a18: 3 v.u 4. tub. MEATS—Be 18al9), L] oked 5. “Tard. 1575a18. compoun rices by the United States Bureau o Agricultural Economics S-Market Just about steady. Re- e ‘moderately heavy for Monday morn- ng receipts. 191 |ama w s U (U S extras, ‘mediums. ards. large. LIVE POULTRY—“I!.!! weak at quoted. Receipts light and very llle tivity reported. Fowl lorvd ric 17a19: Leghorns, 1tal7: Il Wikter Chickensr mized colorse atl Si6es, 16 X, Spring brullers P outh Rock: Fruits and Vegetables. Sales in large lots ceivers up to N a.m._ toda APPLES—Four Washington one broken and six unbroken cars Bushels: Supplies moderate. mnd llowsmflml dull. original re- arrived on Virginia, Sta: m, 75aK5: 3la-inch min- 2% -inch_minim ? U S No. 1. 2Y-inch ta-inch minimum. inimu + $081.00; 115 Winesaps minimum, 1 1581 Yellow Newtons. mintmum, 901 00 al.40; Jonathans, inch: minimum. DUAT 00 mum. 1108 ¥ in 60: 2ie-inch minimum. ~75885; minimum. 1108115 Uuility erade. "l sizes—Yorks. al licious. ' 902 unclassified according to Boxes Washington, medium to large sizes, Staymans. extra fancy, 00: Romes. : Spitzenburgs. ra fancy Virginia. as 10 jize combination extra fancy snd fancy 1 Romes. 1.50a1.75: Jonathans and Grimes. 1.1581'50° Delicious, fancy aymans, fancy, combination. extra i50a1 %5 C gre _combination extrs d fancy, 1.7 c 1.50a1 45, CABBAGE—No cariot srrivals: one car diverted. one broken and one unbroken cars on _track. mand light: market steady. bushel hampers Pointed type. freigl s 2.5083.00: truck ipts. condition = 001 w 85; grade, rrived: rs on track. upplies mod- et~ steady. Florida 10-inch crates. washed. freigi reecipts :i-X dozen i (W3 e e ' lrL:k Teceipts. J-10 dozen. =.50a3.00. few one Lettuce Prices Steady. LETTUCE—One California arrived; one car diverted; six broken and eight un- | broken cars on track. Western stock: Supplies moderate, demand light: mar Steady, "Arizona and. Calfornis, " West- bxcene vpe’_ wide, range :‘n e ern crates. conditio Dies - light: rlondu l';-b\.\‘ lONB—No urlm. An’lvlll' one un- breRen eAr on track . Suppiies moderate: demand light: market steady. Michigan. New York and Ohio. 5-pound sacks. yel- lows, U. 8. No. l. 250; slightly wasty. PEAS—One California, one Plorid: n\ec twg broken and two unhrmn ck. Supplies moderate, demand lehl market steady. Clhlnrm- bushel g:mwn ;I!mnhogu . r mpers, fair condition POTATOES —Two riomu five Maine, ne Ne‘ Ycrk arrived; seven broken an X'v unbroken cars on track. stocl Truck receipts liberal supplies heavy, de- mand ught. markel sieady. New Vork 100-pound sacks round whites. United States’ No 1. 15a110; fair condition. 65: Pennsylvania truck receipts luu-pound sacks United States No. i 5. Maine. 100- ks 19081415, usser Bursanks. U 200, New stock Supplies moden(e demand light et_steady. Fiorda | bushei Triumphs. United ! &2.00. 1air condi- °SPINACH--No carlot arrivals; _one| broken and two unbroken cars on track Supplies light demand slow. market w Busnel baskeis: Texas '150al 6y South Carolina_ truck receipts. STRAWBERRII rth lina arrived. on¢ unbroken car on \reck. moderate. demand light, market lina. bushel baskets 10214 1023 | e ! Bampers Jersey t7p P\“l : nfli‘bgm\lnd 1.25. Tematees Alse Steady. TOMATOES—One Florida arrived: one unbroken car on lrlcl‘ Euwlles thL‘:: 109% 109% | 4 123 ded and all 01 < Sal No. \inimum 08 1.65: . | FINANCIAL |Bethlehem Pays Much Higher Wage Total During 1934 7 the Associa NEW YORK, llal'l:h 11.—Bethle- hem Steel Corp. in its annual report showed 1934 wage payments ot 052,000, against $46,704,000 in “33 The average earnings an hour were 67.4 cents, exclusive of administrative and selling forces, against 55.4 cents an hour in 1933, and the daily vious year, excluding Saturdays, Sun- days and holidays. As previously reported, the net in- come last year was $550,571, the first | net income since 1931, against a deficit of $8,735,723 in 1933. ‘There were no payments in 1934 to officers or department heads under the modified bonus system. SMELTING EARNS §163 ON COMMON Guggenheim Cites Valuation of Inventory Based on Foreign Prices. By the Associated Press. NEW YORK, March 11.—The an- | nual report of the American Smelting & Refining Co. and subsidiaries for 1934 shows net income of $7,583,202 | after all charges, taxes and interest, i equal after preferred dividend re- quirements to $163 a share on the common stock. This compares with | $6,010,383, or 77 cents a common share in 1933. In his letter to stockholders, Simon | Guggenheim, president, stated that net income in the first half of the| year amounted to $4,263,577, whereas | 1n the second half it dropped to $3.- | 319,625 owing in part to inventory adjustment in the valuation of the | excess stock of domestic copper. “All unsold metal stocks as of De-| cember 31," the letter stated, * or market, except that the domestic | copper inventory has been valued still | lower, at the refinery quotation for | foreign copper. “Under the copper code, current production must first be sold, and! then stocks, both proportionately | among code members. In the last| six months, the market has been | fully supplied by current production lnl: no_additional stocks have been ' 30l market in the United States for the sale of stocks. “In view of this code situation. ft' was deemed conservative to value your company's stocks of domestic | ! copper at the foreign price, because | that represents a free and open mar- ket, rather than at the United States’ (pnee which does not. The price et which they have been valued is 6.70 cents a pound. At the lower of cost jor United States market, the valua- y tion of these stocks would have been 754 cents a pound.” In terms of earnings per share, the | letter pointed out, the difference in ,this valuation represents 51 cents a | share and had the usual basis.been used would have brought the com- pany’s earnings up to $2.14 a share | for the year. ‘The surplus account at the end of | the month, after giving effect to an | appropriation of $500,000 for obso- lescence and contingencies, and after preferred dividend requirements of $7,875,000, was $11,618,564, com- pared with $12410362 at the be- ‘There is not, therefore, a free| | suaie ot the yeas [FURNITURE DISPLAYS | | WILL ATTRACT BUYERS‘ By the Associated Press. CHICAGO. March 11.—The Sprmx furniture market, expected to bring more than 1,000 buyers to Chicago. | will open May 1 and continue until | May 8, Lawrence H. Whiting, presi- | dent of the American Furniture Mart, May 6 to 11. announced. ‘The Spring exhibition of new 1ur-| nishings was originally planned for —y "S55 SALES JUMP REPORTED BY AMERICAN RADIATOR | By the Associated Press. NEW YORK, March 11.—The sharp 0-pound | ypturn in domestic sales of American roken cars on Lrack. Gemana lght; market steady. GETABLES — Ohe Phndl one Georgia arrived: one broken and three Unbroken cars on track. A Bame Dplies light: Cuba, bushel ham- * Gabitornia, light; market steady. Plofld‘ nrlved NS—One two broken and one unt uu S0y exs aex " Ropronimatsly 400 pres armn et steads, Florida, numlm """ ¢ree: air condition. al. BGG —Su light: demand = nu“mn‘:.. 3-bushel vas . CUCUMBERS—Su; very light: de- mand " limited, -I&Bfl‘:‘« dy. Florida, el hampers. fancy. UASH-—Approximately 200 packages EXbress arrived: suppiies liberal: demand Reni market oK, none- bushel hampers; 156 i umdmon 100 al 5« fair, y Ilnlud.a'n B teads, Gube. t'-n'u S BROCCOL mm lrrl broken and one unbroken on Supplies mm delund Ilthl mm Crates:_California. Otlllfl'llll arrived: two broken and two unbroken ¢ track. GRAPEFRUITNo carlot arrival broken and two cars on tra Florida. boxes 1.2 '5-"Hr Tew se- cial marks hllhfl'. No. 2. 2.00a2.25. u o e lifornia. boxes. 1.75a 2.00. L. C. L. Express Arrivals. c;mnh—-&b crates avocados. bushe] uslels cucumbq‘l. u x TS, mx blnpleeptr lqllllh 374 -M le rtons Vl infa—5, ?nmm:n fllud "l: ,II:I:J—.Z crates Great Northern Railway January net loas was $1,903,179 vs. & net loss of $1,601,291 in Janusry, 1934 Radiator & Standard Sanitary Corp. | that got underway during last Fall| has continued into the current year. Volume for the first two months of | 1935 was substantially ahead of a year ago, both Radiator and Sanitary were contributing to the better showing. CHICAGO PRODUCE. CB!GAGO Kln:h 11 m——Pnullr‘ live, 16 : hens, ! 3 Teamery extras (92). 31 3 nrsu mu 89) S e uberat ey mm" :m oK d eral Including seed stoc! -AM lnl trldlnl ll(hl uslfl{ed per hun No L, yoursla: ew best higher: chmnn’ U. 8. No. 1 = % A—15 SWALL RISE SEEN AT STEEL PLANTS National Average Climbs 2 Points to 50 Per Cent Mark. By the Assoclated Press. CLEVELAND, March 11.—The na- tional average of steel operations rose two points to 50 per cent, through sustained shipments and consumption of flat-rolled steel and a moderately broadening demand for structural steel and pipe, the magazine Steel states today. Sheet and strip mills, operating at 75 per cent, have accumulated suffi- cient backlogs, mainly from automo- bile manufacturers, to continue at this level for five of six weeks, with specifi- cations extending as far ahead as May. Automobile assemblies, the magazine states, increased to 86,000 units last week from 83,900 the week before. The industry now estimates second quarter production at from 300,000 to 400,000 per month. Higher prices of farm products are stimulating demand for agricultural implements, Steel continues. Manu- facturers are experiencing their best operations in five years and some are encountering a shortage of skilled machine operators. Tin plate mills are scheduled for an advance from the current rate of 80 per cent operations. Two leading can manufacturers have consumed more tin plate so far this year than in any similar period in their history. Railroad orders expected to call for 100,000 tons of rails are being de- ferred until Fall, the magazine reports. Steel’s iron and steel price composite is reduced 3 cents to $32.40: finished steel unchanged at $54¢ and the scrap index is down 12 cents to $11.04. Week’s Estimates Down. NEW YORK, March 11 (#.—Fo!- | lowing a week of moderate recov | steel operations showed another sm: | decline this week, according to the estimate of the American Iron and Steel Institute issued today. Mill schedules were placed at 47.1 per cent for the national average against 48. per cent in the previous week. The rate currently estimated com- and 46.2 per cent a year ago. Th decline from last week is 1.1 points or 2.3 per cent Combination Sea Food a la Newberz (Stnce 1858) s, 1107 Connecticut Avenue INVESTMENT PROPERTIES Several apartment houses and residences which can be purchased at prices that will return a substantial s um on amounts invested. H. L. RUST CO. 1001 15th St. Nat. 8100 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 ‘ For Purchasing a Home or RE-FINANCING EXPIRING TRUSTS NO COMMISSION CHARGE NO RENEWALS REQUIRED Terms Arranged on €asy Monthly Pavments UEquitable Co-Operative Bldg. Ass'n ASSETS $6,492,976.24 Organtzed 1879 JOEN JOY EDSON. President 55th YEAR COMPLETED. WALTER 8 PRATT. Jr. Secretary. Subscriptions for the 108th Issue of Stock Being Received Do You Desire a Loan —on Real Estate or to Take Up First Mortgage? desiring money to purchase a home, refinance present indebtedness or improve Loans Repayable Monthly Take 12 Years to Repay Your Loan 915 F St. N.W. Nat. 1741