Evening Star Newspaper, March 13, 1935, Page 16

A—16 ¥¥* ADVIGE IS SOUGHT ON TAX RETURNS Government Income Experts Busy Helping Patrons of Capital Banks. BY EDWARD C. STONE. In Washington bank lobbies today there were long lines of patrons wait- ing to consult with the Government's income tax specialists who were as- signed to the local financial institu- tions to render advice in puzzling tax matters. The number of people consulting the tax authorities has been increas- ing steadily as the time for filing re- turns has neared the close. Today was the busiest day to date. Many bank customers had to wait a long time before they could explain their problems to the consultants. The service being rendered is of great value and convenience to bank depositors. In several instances the same men who were assigned to the banks last year were sent to the same institutions again this year. These men aleady know many of the pa- trons and are more or less acquainted with their incomes. This situation simplifies matters a good deal Banks which do not have the Gov- ernment experts, have assigned mem- bers of their staffs to help their patrons. The returns must be filed before midnight on Friday the 15th. The unofficial list of deductions which may be made in connection with 19 closed banks in the city has proved most helpful. There has been | an endless 0 over | these deductions. taxpayers have something definite on which o base their figures. Realty Loans Divide Bankers. a discussion of the proposed | ing act of 1935, now pending in | \gress, the Burroughs Clearing House magazine asserts that perhaps the most extensive argument in the whole bill ranges around the wisdom of the wholly unexpected section to permit Reserve member banks to make loans on real estate up to 60 per cent | of value, if for three years, and up to 75 per cent if completely amortized in 20 years. Many bankers welcome this as an opportunity to expand | their lending to a profitable field, but the suggestion is meeting opposition on th. ground that it will permit bank Prev. 1935 Hich. assets to become frozen and may lead to the condition which disrupted both the banking situation and the real estate market two and three years ago. Speculation that the Federal Reserve Board's activities will continue to in- crease was heightened by the an-| nouncement that the board will build | a $1,000,000 office building in Wash- ington. A site near the Lincoin Memorial has been acquired and bids | asked for a design of a monumental building which can be expanded if necessary, a provision which suggests | that the board may hope eventually to house the activities now conducted by the controller of the currency and the Federal Deposit Insurance Corp., the magazine comments. Leaves Washington Office. Oliver Walker, assistant divisional manager in the Washington office of International Business Machines Corp., has been promoted to be divisional manager of the Philadelphia office, 1t ‘was announced today. Mr. Walker has been with the com- pany since 1929, having been con- nected with its tabulating service bu- reau in New York until a year ago, when he was transferred to Washing- ton. During his connection with the company he has several times distin- guished himself by winning member- ship in its 100 per cent club of out- standing salesmen and executives, an honor awarded for outstanding ac- complishment in the sales field. Mr. Walker is succeeded as assist- | ant divisional manager here by Rob: ert B. Smithers, salesman in the New York office. Experts to Address Bankers. Two members of the Housing Bu- reau staff will address Washington | bankers at the weekly luncheon Fri- day at the Willard, taking up the | latest developments in the national campaign for better housing facilities. ‘The District Bankers’ Association is planning a special advertising drive‘ aimed at increasing loans for all sorts of renovations and improvements so that the coming discussion will prove most timely. President F. P. H. Sid- dons anticipates an unusually large attendance at the weekly session. President William McClellan of the Potomac Electric Power Co. will be one of the speakers at the March meeting of the Washington Board of Trade at the Mayflower Friday eve- ning at 8 o'clock. The other speaker will be Henry 1. Harriman, president of the United States Chamber of Commerce. Peoples Drug Stores common stock has been active on the New York Exchange since it was announced that earnings in 1934 were $4.48 per share, against $4.27 in 1933. The stock now | is selling eround 25 and 25'2. The low for this year is 30 and the high, 3635. Capital Transit Stock Lower, Capital Transit stock made a new low mark on the present move today when a small lot changed ownership | 8t 23 The stock closed with 223} bid and 2314 esked, the lowest quotations on the stock this year. Other issues on the exchange were firm in quiet trading. Liberty Na- tional Bank stock moved at 85 on an eight-share turnover. This was the same price as the last previous sale. Capital Traection bonds were again strong, $500 maintaining the recent high price of 97. City & Suburban 6s came out in a $1.000 sale at 8115, & notable gain over the last previous transaction, at 783;. Washington Gas 5s1960, which re- cently sold up to 115's, were quiet today, closing with a bid of 1143 and none offered at any price. At present quotations these are the high- est-priced bonds on the exchange, while Washington Railway & Electric common is the highest-priced stock. Heard in Financial District. Retail prices of food advanced 0.3 per cent in the two weeks ended February 26, the Bureau of Labor Statistics announced. The index now stands at 1223 and is 13.2 per cent higher than a year ago and 34.5 per cent above the low point of February 15, 1933. Of the 42 articles of food included in the index 23 advanced. 12 showed no change and 7 declined. U. S. TREASURY NOTES. (Reportea by Chas D Barney & Co.) te—Maturity Bia J 571015 101 FINANCIAL. THE EVENING STAR, WASHINGTO D. C, WEDNESDAY, MARCH 13, 193 FINANCIA TRANSACTIONS ON THE NEW YORK STOCK EXCHANGE By private wire direct to The Star. 2:30 p.m, Stock and Sales— Dividend Rate. ~ Add 00. 111 Abr&S pf(7)called 1008 4% Adams Express.... 21 295, Adams Millis (2)... 8 Addressograph. . 5 Advance Rumleéy. .. 6% Affiliated Prod (60c, 09 Air Reduction (3). 1 Air-Way Elec Appl. 16'% Alaska Jun (11.20). 2" Albany Wrap Paper I Alleg Corp (k). ~ Alleg pf WS.’NJw(k) 4 »Alleg pf x w (k), 131 Allied Chem (6). 1215 Allis-Chalmers. .. .. 14'; Alpha Port Cmt (1) 2% Amal Leather...... 4813 Amerada Corp (2).. 463 Am Ag Chem DCI'Z) 1312 Am Bank Note. Am Bank N pf l’H Am Brake Shoe 800. 119 Am Brake Sh pt (7) 110 AmCan (t5) 10% Am Car & Fou! 26 Am Car & Found pf. & Am Chain. 38 Am Chain pt. 66 Am Chicle (t3%) 23 Am Comcl Alcohol. 64 Am Crystal Sugar. . 57% Am Crystal Sug pf. 1k Am Ensaustic. . ... 2 2% Am & Foreign Pwr. 41 16'2 Am & For Pwpf (1) 2 4'x Am & For Pw 2d pf. 3% Am Hide & Leather. 17% Am Hide & Leath pt 30% Am Home P 313 Am Ice Co. . 287% Am lce Co pf 15) 4% Am International . 2 Am La Fran pf (k 91, Am Locomotive 33'x Am Locomotive pf. 19': Am Mch & Fv (80¢c) 5 Am Mach & Metals. 5 Am Mach & Met ctf. 14 Am Metals 17« Am Power & Light. 8% Am P&L 85 pf (1) 10% Am P&L $6 pf (135) 2 11 Am Radiator 59 " 1341 Am Radiator pf (7). 10s 16% Am Rolling Mills. 36 4': Am Seating. . 20% Am Shipbldg (2)... " Am Smelt & Ref.... 103 Am S&R 6% pf (§3). 63 Am Snuff (131;) 121; Am Steel Foundry. . Am Stl Fdry nr @). Am Store: 9%, Am Sug (2). .. 126'; Am Sugar pf (4). 18'; Am Sum Tob (1), '« Am Tel & Tel (9) 36 ~ Am Tobacco B (5).. 6 1291 Am Tobacco pf (6). 1 11« Am Type Fdrs pf(k; 40s 815 Am Water Wks (1). 51 2 Am Woolen 10 57s Am Woolen pf 10 7. Am Writ Paper 1 3 Am Writ Pappf (k) 1 31: AmZinc & Lead. .. 2 38 Am Zinc & Lead pf. 1 S7. Anaconda Copper... 96 16': Anaconda Wire K 6~ Archer-Dan M t ~ Armour Del pf (7 ~ Armour of I1lin % Armour 111 pr pf (6) 4 Arnold Constable. . & Asso Dry Goods Atch To&S F (h2). « Atch To&S F pf !5) 2014 Atlantic Coast Line 21% Atlantic Ref (1)... Atlas Powder (2)... 4'. Atlas Tack... 16% Auburn Auto. . .. 50 Austin Nich pf A 3% Aviation Corp Del. . Low. 3 2108 2 2614 407y 112 69 - (- F R OO I P < S 5 NS 9 6% 1'; Baldwin Loco (k).. 26% 9 Baldwin Loc pf(k). 774 Baltimore & Ohio. . 9%, Baltimore & Ohio pt 361% Bang & Aroos (213) 108 Bang & Aroos pf(7) 3': Barker Brothers. .. 57 Barnsdal) Corp 16 Beatrice Cre(asic).x Beldinz-Hem Bendix Aviation Beneficlal Loan 1%. Best & Co (2) .. . Bethlehem Steel 61'; Bethlehem Stl pf... 161: Bizelow-San Corp.. 60s 10's Blaw-Knox 19 1031 Bloomingdale pf (7) 308 29 Blumenthal pf. 08 6% Boeing Alrplane... Bohn Alum&Br (3). Bon Ami (A)(15) .. Borden Co (160) ... 1« Borg Warner (1%4). Brigzs Mfg (2) .. '« Briggs & Strat (3). 1. Bristol-Mvers +2 40 367x Bkin-Man T(a75¢c). 90 Bklyn-Man T pf (6) u, < Bklyn Union Gas(5) « Brunswick-Balke. 4-_- Bucyrus Erie. .. 9% Bucyrus Erie cv pf. 63 Bucyrus Erle pf (2) 3% Budd (E G) Mfg * Budd (E G) Mfg pf. 220u Budd Whee! 91\ Bullard Co . 4 Bulova Watch. .. 14!, Burr Add M (60¢c) 1% Bush Terminal (k). 1'» Butte Copper & Zine #, Butterick Co. .. Byers (A M) - > a2 uF Sl g r Luoat M ©2 7 10 24 1214 361, California Pkg(1%) 1; Callahan Zinc. ... 25 Calumet & Hecla. 73 Campbell-Wyant. .. 95 Canada Dry G A (1) 97 Canadian Pacifie 32% Cannon Mills (2) . 321; Cap Admin pt A (3) 48%, Case (J 1) Co. 861; Case (J 1)pf(4). 361 Caterpillar Trae(1) 21% Celanese Corp 1% Celotex Co vte (k). 1 131, Celotex Co pf (k).. 308 221 Cent Aguire (1%4).. 4 385 Cerro de Pasco (2). 17 4 Certain-teed Prod.. 2 37% Ches & Ohvo (2.80). 31 36 Chesap Corp (3)... % Chi Great Western. 1% Chi Grt West pf. 1% Chi MiIStP& P 2 Chi Mil St P& P pf. 3 Chi& Northwestrn. 514 Chi & Northwest pf. 474 Chi Pneumatic Tool 20% Chi Pneu Tool pf . .. 1 ChiRI&P (k).. . 1% Chi R &P 6% pf (k) 1% Chi R 1&P 1% pf(K) 251 Chickasha CO (2).. 4 ChildsCo...... 31 Chrysler Corp (1) 20 City Ice & Fuel (2). 87 City Ice& F pf 6%.. #, City Stores (k)..... % City Stores ctfs (k) 13 Clark Equip 180c).. 24% Cluett Peabedy (1). 1617x Coca-Cola (8). 1614 Colgate- P-P «50¢) .. 9'x Collins & Alkman. . 71 Collins & Atk pf (7) BO< 21 Colo Fuel & tron(k) 47 14% Colo Fuel & Ir pf(k) 2705 10% Colo & South...... 40s 7 Colo & Sou 1st pf... 220« 4 ColGas& Elec..... 95 36 ColG&EDIA(6).. 5 47 ColG&EDpfB (5).. 50s 3415 Celum Ple vte (m1) 8 67 Columb Carbon (4). 4 3915 Comel Credit (2)... 26 521; Comel Credit(A)(3) 2 1n 1097 Comel C 1st pf(63%) 100s 2913 Comel Cred (B)(2) 108 621 56'% Comel Inv °r(t2%) 115% 112 Comel Inc cv pf(e6) 237 17% Comel Solv (85c). 1% % Comw & Southn. ... % 291 Comw & Sou pf (3). 347 28% Congoleum-N(1.60) 9 Congress Cigar..... 7% Consol Ciga . 3 71% Con C pr pf ww 6%. 20- 5 Consol Film..... % 18% Consol Film pf (j2). 10 67 9 100s 40 10s 43 5 24 13 157 Consol Gas N ¥ (1). 72% Cot 1 Gas pf (6) 1'4 Consol Laundries 6% Consol Ol (h42e).. 21, Consol R R Cuba pt 1, Consol Teztile ... 105 Container L'orp (A) % Conta orp (B) 47 Contl [T Cont) B g (R). 461 Cont! Bakifg pf “) b« Contl Can (249)... Net High. Low. Close. Chge. 111% 111% 4%, 2815 9% 5 T 12. 111 17% % 311 28% 9% T% T6% 4% 18% 16 % 1% 61y 2% ] 108 56% = % 111 18 % -1% - % P4+ 4410 I 4++4+1 LSRR e I+11 14 L4410 -1 + % Net change Today, 1 p.m Previous day Month ago Year 1935 1935 1934 1934 193z 1929 1927 Prev. 195 High. 91 6 En 201, 24 12 9 ll’i 1051. 3% 941y 132 TT% 125 81% 128% 3 1% 12 4% 31% 5% 9% Th 36 STOCK AVERAGES Compliled by the Associated Press. 30 Indust. —3 49.7 50.0 535 574 56.6 50.0 61.4 453 175 11469 .. 516 ago high low high . low low high Stock and Lov. Dividend Rate. 7 Contl Dia F walbe). x 30 Contl Insur (11.35). % Contl Motors. 16 Contl O Del (h50c). 41% Corn Ex BK&TT (3) 62 Corn Prod Ref (3). 414 Coty Ine. . . 357 Cream of Wht 12%. 1214 Crosley Radio. . 23% Crown C & S (1) . 3% Crown-Zellerback . 83 Crown WP1st p(u) 1514 Crucible Steel . 58 Crucible Steel pf. 1 CubaCo.... 5% Cuban-Am Sugar. .. 401; Cuban-Am Sugar pf 41 Cudahy Pkg (234).. 15% Curtis Publishing 93 Curtis Pub pt (7). 2 Curtiss Wright. 6%% Curtiss Wright ( 16!4 Cutler Hammer. 23 Deere&Co..... 19 Deere&(o pf (§20c). 24% Delaware & Hudson Del Lack & West. 1':Den& RG Wpf.... 65% Detroit Edison (4). ARt Devoe & It (A)(12). 261, Diamond M (1135). 247 Diamond M pf (115) 34's Dome Mines 12 Dominion Strs(120) 713 Douglas Alreraft. 14 Dresser Mg A h1% 2 Dunhill Internatl. Duplan Silk (1)... Du Poni de N (2.60) Duquesne Lt 1st (5) 4% Eastern Roll Mills.. » lkastman Kod (5). ton Mg (1) ectric Auto 107 Elec Auto Lite pf 1. 4 Electric Boat. 6% Elec & Mus Ind. . 1'; Elec Pwr & Light.. 31 Elec Pwr&Lt $6 f . 33 Elec Pwr&Lt 37 pt. 40 Elec Stor Bat (21,). * Elk Horn Coal pf(k) 1. Engineers Pub Sve. 14% Eng Pub Sve $5 pr Eureka Vac Cl ans Auto (a7’ Exchange Buffet. . % Fairbanks Copf.... rabrh!nus-hlorle . irbanks-Mrs pf. 3‘. l'ed Lt & Trac..... 48 Fed Lt& Tr pf (6) .. »x Fed Water Sve (A). 18 Fed'd D Stores (11) 29% Fid Ph F Ins(11.35) 14 Firestone (40c).... “u Firestone pf A (6). 47'; First Nat Strs(2%) 2% Follansbee Bros (k) 103, Foster-Wheeler.... 5 Foundation Co 9 Fox Film (A).. 35'¢ Franklin Simon pf. 19, Freeport-Texas (1) 117 Freeport-Tex pf (6) 14 FullerCoprpf..... 6'2 Fuller Co 2d pf 1% Gabriel Co (A). 5 Gamewell Co 5% Gen Am Investors. . 2% Gen Am Trans(1%) 13 Gen Asphait .. ... 7% Gen Baking (60¢) 5% Gen Bronze 23 Gen Cable pf . 20% Gen Electric (60e) 11 Gen Elec spec (60c) 32% Gen Foods (1.80)... 1« Gen Gas & El (A) Gen Mills (3)... Gen Motors (1).. 107's Gen Motors pf (5). 17% Gen Print Ink 1.20. 1 17 Gen Ry Signal (1).. 1 Gen Realty & Util.. 15% Gen Real&U pf ww. 16% Gen Refractories... 16!» Gen Refre cctfs. ... 15 Gen Stl Casting pf. 3 Gillett Saf Raz (1). 701; Gillett Saf R pf(5). 2% Gimbel oros. . 21 Gimbel Bros pf. 23% Glidden Co (11.30). 1047 Glidden Co pr pf (7) 213 Gobel (Adolf).. 15% Gold Dust (1.20) 8 Goodrich (B F). 17% Goodyear T & R. 74 Goodyear $7 pf (4). 3% Gotham Silk Hose. . 35 Gotham S H pt (7). 2 Graham-Paige. 5% Granby Consol 23, Grand Union. . . 17 Grand Union pf 1% 201 Granite City Stl (1) 48, Great Northerrpf. . 4% Great Nor Ure (50c) 26% Grt West Sug (2.40) 1 Guantanamo Sugar. 4% Hahn Dept Store: 55 Hahn Dpt Stores pt 5 Hall W F Printing. Hanna (M A)pf(7). 5%, Hat Corp (A). 2% Hayes Body . 85 Hazel Atlas Gl (5). 127 Helme (G W) 111% 71 Hercules Pw (13%) x 122 Hercules P pf (7).. 73Y% Hershey Choe (3) 615 Holland Furnace 31 Houd-Hersh A (j2). 6% Houdaille-Hersh B. 49 House Fin pf (3%4). 10 Houston Oil....... 2 Houston Oil (new). 43 Howe Sound (3) 2% Hudson & Manhat 715 Hudson & Man pf... 814 Hudson Motor Car. 1% Hupp Motors 9% [11inols Central.... 26% Indus Rayon (1.68). 62 Ingersoll-Rand (2). 48 Inland Steel (1).... 214 Inspiration Copper. 11 Interboro Rp Tr(k) 4% Interlake Iron. 3 Int Agriculture... 33!5 Int Agriculture pf.. 149% Int Bus Mach (p6). 3% Int-Carriers Ltd 20cx 24% Int Cement (1).... 35 Int Harvester (60c) 1% Int Hydro Elec (A). 2% Int Merch Marin: 22 Int Nick Can (60c). 125 Int Nick Can pf (7). 1% Int Paper & Pw (A) % Int Paper & Pw (B) 5 Int Paper & Pw (C) 6% Int Paper & Pw of. . 3% Int Rys Cent Am. 29 IntSalt (1%). 67% Int Silver pf (4) 6% Int Tel & Tel.. 6% Intertype Corp 81 Island Creek C (2). —_— 57 57% 125 73 49 Jewel Tea (3) 39 Johns-Manvill 120 Johns-Manv pf l") . 5614 Jones&Laugh 1%pf. —_— 8, 131 44 Kans City Southern 6% Ki Kelly-Spring T (k). Keisey-Hayes (A). 14% Kelvinator (170¢).. 14% Kennecott C (60¢) . . 267 Kinney (G R) Co pf 15 Ralls Unch. 185 18.5 228 39.4 27.6 185 430 Bales— Add 00. High. 2 24 19 35 15 —3 218 221 24.1 36.5 26.6 221 406 24.2 239 184.3 61.8 287 15% 42 631 4% 38 1314 24 3% T4ty 15% 56 B b 48 43'% 15% 91 2 6% 16 23% 211y 3808 104 4 119 174 29 20% llll- 110' 110 4 4 13 . x 1108 68% 102 1115 22 100 3% 641y 5 10312 6l 2 874 « 130% 2 T1% 124 6% 6 2% 32 152 33 1% 2% 228 2 1281 1% L) B 4% 3% 29 67% 5% 6% 31 6% 6% 49 9% 38% 121 58 60 Util. Stocks. —3 349 352 385 477 416 352 514 349 16.9 157.7 618 Net 15% 42 633, Al 38% 134 24 31, 4% 15% 56 1% Bl 48 Pt 1 91 2 [ 16 23% ([ 20 21% 11 328, 111% 23 100 1 65 5 103 6k 2% 881,y 130% 1% 124 6% (e Low. Close. Chee. % % [’ -% 6 — 5% 31% 31‘4# W 98, 48 4'/‘—‘-1 3+ 32 -2% 153% —1% 3% + W 23% 23% — % 34% 354 + % 1% 2% — % 2215 128% 1% - % 8% — B kL 5 -1% 3% = 29 % 68 411 B% — 6% — 31 - -13% % kel -2% 1% -1 Fa 1441 FPEFE FEF¥ 2:30 pm, Prev. 1935 Stock and Sales High. Low. Dividrud Rate. Add 00. Hi 4 315 Kresge Dept Strs. . 1 22 20 Kresge (SS)(1)... 32 112 106'% Kresge (S S)pf(7). 20s 28% 281 Kroger Gr&Bk 160. 6 28% 26% Lambert Co (3).... 10 Lee Rub&Tire (50c. 12% Leh Port Cement. .. 1% Lehigh Valley Coal. 6% Lehigh Val Coal pf. 6 Lehigh Valley RR. 15% Lehn & Fink (1%) . 24% Lib-O-Ford G1(1.20) 3 21%; Life Saver (1.60)... 4102 Ligg & Myers (15). 102 Ligg & Myers B(t5) 17 Lily Tulip Cup(1%) 17% Link Belt (60c). 247 Liguid Carb (t1%). 31'% Loew’s Inc (2)... 1'% Loft Inc. . . 1% Long Bell Lum (A) 34 Loose-Wiles (2) . 19 Lorillard P (12.2 1 Louisiana Oil.... 71 Louisiana Oil pf 12 Loulsv G&E(A)1%. 13 Ludlum Steel...... 28'3 McCall Corp (2)... 713 McCrory Strs A (k) 7 McCrory Strs B (k) 57'4 McCrory Strs pf (k) T% McGraw Hill Pub. . 36% Mclntyre Poreu (2) 903 McKeesport T P (4) McKesson & Rob. . . McKesson & Rob pf 4 McLellan Stores (k) MecLellan Strs pf (k Mack Truck (1) . Macy (R H)& C OIZ) Madison Sq Garden Magma Copper (2). Mallison & Co. .. Man Elevm g (k) Manhat Shirt (60c) Marancha Corp. ... Marine Midd (40c). Marlin-Rockwell (2 Marshall Field Martin Parry Mathieson Alk(11%) May Dept Str (1 60) Maytag Co : Maytag pf v Mengel Copt. . Mesta Mach (1%) Miami Copper.. .. Mid-Cont ‘(‘flhuof) 16 Midland Steel Prod. 6 Midl'd Stl1st pf(8) 60s Minn-Hon R (13) 1 Minn H Reg pf (6). 10s Minn Moline Pow . . 2 Minn Moline Pow pt 2 Minn & St L (k) 1 MStP&SSMIsin 40 Mo Kan & Texas i 4 » Mo Kan & Texas pf. Mo Pacific (k)... Mo Pacifis pf (k) Mohawk C M ( Monsanto C (1) Montgomery Ward. Mother Lode Motor Product! lotor Wheel .. Mullins Mfg Mullins Mfz pf Munsingwear Ine. 5% Murray Corp <) 1213 Nash Motors 11)... 17 Nashv Chat & St L. 47 Nat Acme Co « Nat Biscuit 2).... 141, Nat Czsh ieg A 60c 15'5 Nat Dairv i’rod 1 20 1'2 Nat Dept Store (k) § 20 Nat Dep St 1st pf(k) ’fmu 24% Nat Distillers (50c) Nat Pwr & Lt (80¢) Nat Steel (114) Nat Supply Co : Nat Tea (60c) 4 3 Newport Industries N Y Airbrake. . .... N Y Centrai R R Y Chicago & St L ¥ Chi & StLpf.. N Y Dock. N ¥ & Harlem (5).. 30s NY Investors (k) . 1 N Y N H & Hartford 11 N H & Hart pt 6 Ontario & West 10 ailways pf 1 \ Y Shipbuil 2 ) Y Steam pf (6) N Y Steam 1st (7) Noranda Mines (h2) Norfolk & W (110). Norf & West pf (4) North Am Aviation North Am Co (1). North Am Co pf (3) North Am Ed pf (6) . Northern Pacific. . 10~ 4y 3 6 1 50 10 26 101 913 Ohto Oil th45c). 2% Oliver Farm Equip. 16 Oliver F prpf A 4 Omnibus Corp..... 123, Otis ator (60c) 106 Otis v pf (6) ... 4'2 Otis Steel . 80 Owens-[ll Glass (4) 1'3 Pacific Coast 3% Pacific Coast 1st 13 Pacitic G& E (1%). 201, Pacific Lighting (3) 13 Pacific Mills (h50c) 1 70 Pacific Tel & Tel (6) 190s Pac W'n Oil (h40c). '4‘¢ Packard Motor 26, Par-Publix ctfs (k) 15 Park & Tilford . 214 Park Utah *x Parmelee Transport 13 Pathe Exchange. .. 13 Pathe Exchange(A) 814 Patino Mines. = 1% Peerless Motor . 64'3 Penick & Ford lJl .. 64% Penney (J C) (2).. 2'3 Penn Coal & Coke. 3 Penn Dixie Cement. 17% Penn R R (1) 30 Peoples Drug S (1). 174 Peoples Gas Chi. 104 Pere Marquette. 15% Pere Marquette pf. 17 Pere Marquet pr pf. 77 Petrol Corp thi0c). 13% Phelps Dodge(h75¢c) 23 Phila Co $6 pf (3).. 2% Phila & Read C & I. 354 Philip Morris (1).. 13% Phillips Petrol (1). 13 Pierce-Arrow (k).. 3 Pierce Oil 31'; Pillsbury Flour 1.60 5% Pitts Screw & Bolt. 22y ‘Pitts Steel pf. .. 26 Pitts United C pf. 6% Plymouth Oil (1).. 7 Poor & Co (B) .... 2 Porto Ric Am Tob A 9% Postal Tel & Ca pf.. 1% Pressed Stl Car (k) 8% Pressed Stl1 C pf (k) 42% Proc & Gamb (1%). 20% Pub Serv N J (2.80) 62% Pub Serv N J pf (5) 7612 Pub Sve NJ pf (6). 42'% Pullman Ine (3). 6'3 Pure Ol 8% Purity B 57 62y 45' 4% Radio Corporation. 50'x Radio Corp pf A 3% 35% Radio Corp pt (B). 1% Radio-Keith-Or (k) 6 R R Seclll Cent... 17% Raybestos-Man (1) 8 Reis (Robert)1st pt 8% Remington-Rand.. 23 Reo Motor Car. 97 Republic Steel. 30 Republic Steel pf ct 3 31 Republic Steel pt 3 6 Revere Coppe: 20% Reynolds Metalsi). .2 2:30 p.m. Net. Bales— gh. Low. Close. Chge. 3% - % =1 + W Prev. 1925 Stock and High. Low. Dividend Rate. 147 12% Reynolds Sp 40c) . 51% 46% Reynolds Tob B (3) 3‘0 Rhine WEP (a1.07) 1 26 21% Roan Antelope Ltd. 32% 29% Roy'l D h1.35 3-10c. 46 110 112% 3815 Safeway Stores(3). 104% Safeway Strs pf (6) 110 Safeway Strs pf (7) 10'% St Joseph Ld (40c). 1'x St L San Fran (k). 1% St L San Frpf (k). St L Southw'n pf.., Savage Arms. Schenley Distillers. Schulte Retail Strs. Schulte Re Strs pt Seaboard Alr L (k). ezbdouznennn ars Roebuck. . 78 Servel Inc. 41 Sharon Steel Hoop. harp & Nohme 447 Sharp & D pf (3% )¢ '3 Shattuck«F G)25e. . 6 Shell Union Ofl. ... 65 Shell Union Oil pf.. 8% Silver King C (40¢) % 4 kY 1023 103% 167 17 24 334 1w 1% 331 1974 Simms Petrol (1). Skelly Ofl.. . loss-Sheffield. 17% Snider Packing. 11 Socony-Vac (60c).. 107'; Sol Am Inv pf(5'%) ou Por RicoSug2) Southern Rallway Southern Rwy pf... parks-Withington 104 5t ‘. Spiegel-May-Stern. 15% Stand Brands (1). 21, Stand Gas & Elec. , 2% Stand G & E $4 pf. Stand G&E $6 pt tand G & E $7 pf.. Stand Oil of Cal(1), tand Oil of Ind (1) tand Oil N J(11%) terling Prod (3 80) P ~upn heater (30¢).. » Superior Oil Superior Steel. 4'¢ Tennessee Corp. 174 Texas Corp (1).... 41 Texas Gulf Sul (2). 16 Texas& Pac RR... 314 Tex Pac Coal & Oll. 83 Tex Pac Land Trust 15% T hatcher Mfg (albc 21, Thermoid Co hird Avenue. 51 Thomp'n (JR) (50¢) 14 Tnompson Products 1% Thompson Starrett. 8 Tide Wat Asso Oil Tide Wat A O pf(§) “ Timken-Detroit 29'. [imken R B (1). Transamerica (25¢) ransue & Williams Tri-Contl Corp. ... Truax-Tra Coal ruscon Steel 1'; Ulen & Co 42 UnBag& ray r 44 UnCarbide&C 1.60. 14% UnOilot C I\l . 8315 Un Pacific (6)..... 80t Un Pacific pf (4) 221, UUn Tank Car (1.20) 10 United Aircraft. '« United Air L vte United Am Bosch.. United Bisc (1.60) United Carbon 2.40. United Corp nited Corp pf aited Drug ‘nit Dyewood Inited Elec Coal... nited Fruit (3)... United Gas Imp (1) United Gas I pf (5) United Pce D W pf. *S Distributing 5 & For'n Secur. Freight (1). psum (1). ind Alcohol (2) 155 101 2% 2z 2 174 S .. o 9 42% 2513 U'S Rubber Ist pf. . 361, 124'¢ 106'; U S Smeit & R (h9) 60's 400 2 S 13% 94 U S Steel pt (2).. 130 119% U S Tobacco (1714) % United Stores (A).. Univ Leaf Tob (2). s Univ Leaf T pf 8) Univ Pic 1st pf 1'¢ Univ Pipe & Rad. .. 1's Util PWr & Lt (A).. 36t 0t 14t 508 ~ Vadsco Sales Corp. 20 Vadsco Sales pf 14 Vanadium Corp. 114 Van Raalte. . 91 Van Raalte lslpf1 : 344 Vick Chem (12.40). 4« 3 Va-Car Chemical 27l 1814 Va-Car Chem 6% pf 91 : Va El & Pwr pf (6) 4 4 ValronCoal & Coke 110 109§ Vulcan Detin pf (7) 44 1008 108 108 31 '« Walgreen Co (m1). 116'< 114 Walgreen pf (614). 1'{ Walworth Co... .., 5% Ward Baking (A).. 1'¢ Ward Baking (B).. 2%y Warner Bros Pic.. . 16 Warner Bros Pic pf Warren Bros 23'; Warren Fdy&P (2). Wells Fargo T+ <t Pa Elec pf (6) » West Pa Elec pt (7) 95 West Pa Pw pf (6). 104's West Pa Pwr pt (7) Western Dairy pt B % Western Maryland. 8 Western Md 2d pf. . 1% Western Pacific. ... 2% Western Pacific pf. 211 Western Union. . 19, Westingh'se AB 50¢ ~ Westingh'se Elec. . Westvaco Chl (40¢) 152 Wheeling Steel . 7 White Motor. 112 White Sewing Mch. 2 Wilcox Oil & Gas. . 47 Wilson & Coal2i5c 68 Wilson & Co pf (6).. 51 Woolworth (2.40). . 11% Worthington Pumn 30 Worth Pump pf A. 36 Wright Aero 74 Wrigley(Wir)13. 18 Yale & Towne (60¢c) 4% 3 Yellow Truck 21 18% Xoungsn&w'll‘ 217 14's Youngstown S&T. 21; 11 Zenith Radlo. 4% 3% Zonite Products Sales of Stocks on the New nn\ lxc)unn : 12:00 Noon. 2:00 P.M Dividend rates as eiven in the above table are the annual uarterly or half- 11:00 A.M. 1:00 P.M. 310,000 800,000 162 coes 8 cash payments based on the latest declarations s Unit of trading less th 9% in stock b Paid last e stock e Fayabl, in cash or stock A, | stock « Plus 4% In stocl 3 | dividends * | ganized | in"stock 24 9%, 36'% 30% 6% 20%: § 100 shares 30% 30y 6% 20% 0% 1% 614 & m Plus 5% In stock. 0% x Ex-didivend » Add un High tPartly extra . Be].m.‘rl r.ue b Py us n special A Palg this year CeBnsiateg k Companies renorun in receivership Plus 3% in stock Net Low. Close. Cnge. 13 13 -1 AT% 4B+ 4 13 13 —1% 22% 220 + % 29% 29% 39 39 105 106 112 112 10% 10% + % 1% 1% 12 -1% g s % -% STOCKS REGISTER FIRMER TENDENCY Prices Uncertain in Fore- noon, but Moderate Buy- ing Lifts Many Later. BY VICTOR EUBANK, Associated Press Financial Writer. NEW YORK, March 13.—The stock market displayed firming tendencies in most sections today. although a few isolated soft spots remained After giving an indecisive per- formance in the forenoon. the mar- ket gave evidence of having worked itself into an oversold position and moderate buying orders in sucy shares as Santa Fe. American Cai, Case, United States Smelting, Du Porg and Chrysler lifted them 1 to 2 poing higher. Among the most active stocks th failed to fall in line were Liggett } Myers “B.” Anaconda. Americ: § Water Works and Goodyear, all § which were around a point lower. Transfers approximated 1.100,004 shares, or slightly above yesterdayy turnover. The late tone was fairy firm Selling which came into stocks up | until early afternoon was of a selec- tive character. Some of it seemed to reflect disappointment over earnings : | statements. 1308 1405, 610,000 . - 920,000 arly 1PIus ayable In J Accumuiated or being reor- © Plus 29 Moderate Rise In Farm Income Over 1934 Shown Special Dispatch to The Star. NEW YORK, March 13.—Cash in- come of farmers is continuing to run moderately ahead of comparable 1934 | levels, and should maintain its lead | at least until the next crops are har- vested, according to the Standard | farmers were war levels. The outlook for the final six months of the year, however, is less certain. While the basically unre- lieved drought conditions now point | to subnormal yields, good rains dur- | ing the growing season could result | in fair-sized cr sharply smaller livestock population, | even moderately short yields might represent an oversupply. Commercia. CASC —— Statistics Co. of New York. Although farm reserves of crops are small and marketing of livestock is | relatively high prices. As of Febru- ary 15, average prices received by graph Co.—Alabama Public Utility Total its rates ,$300,000 & year, effective were oranges and April 1. 110,700,000 grapefruit, 11 per cent above pre- "cmxus CROP ESTIMATES BELOW 1934 IN FLORIDA By the Associated Press. ORLANDO, Fla., March 13.—Re- | vised estimates as of March 1 by the - | Federal Bureau of Agricultural Eco- ‘As the export market for grains has | nomics here place the total produc- been practically lost and domestic re- | tion of Florida citrus for the 1934-5 , quirements have been reduced by the geason at 27,000,000 boxes, | Of these 14,500.000 are oranges and | tangerines and 12.500,000 grapefruit production wi | 13,000,000 boxes of oranges and tan- Southern Bell Telephone & Tele- gerines and 7500000 grapefruit production last season was light, income is being bolstered by | Commission ordered company to cut 28.800.000 boxes, of which 18.100 000 set at tangerines and the bureau said. Chicago Grain v the Associated Press CHICAGO. March 13 -—Despite ar abrupt weakening of the rye market grain prices taken as a whole rulea higher today. Prevalent belief that liberal arrivale of foreign rye would continue in the United States had much to do with weakness of the rye market. Othe: grain markets than rye were strength- ened by reports that Argentine corn offerings were dearer, with offerings extremely light Wheat closed firm, terday’s finish, May; 12’ up: May, 7975a80; rve, 3sa%s down; oats at ', decline to 3; ad- vance and provisions showing 10a20 wvba:x 14 to 1 over yes- 93%5a%g; corn, Low 16453 Chicago Cash Market. Wheat. no sales. Corn, No. 3 mixed, 1'i; No. 3 yellow, 84; No. 3 white, Oats, No. 4 mixed, 487, Soy beans, No. 3 yellow 1012 16 30 l. 00&1830 cwt Clover seed, 15 50a20.25 cwt. Baltimore Quotations. ORE Liverpool Grain Prices, ERPOOL. March 13 P.—Wheat es closed firm Exchange; 4.4 ENTERPRISE SERIAL BUILDING ASSOCIATION 7th St. & Indiana Ave N.W. LOANS On Improved District of Columbia Real Estate Security 73rd series of stock now open for subscription b WE WILL SELL $2.000 Riverside Apt. Ist Mtg. 777 Bonds at 80 | C. B. Pennebaker Company. Inc. Southern Blds. Washington. D. C. National 2335 National 2313 “Dealers in Unlisted Securities, Spectalizing in Real Estate Mcrtoage Bonmds"” FIRST MORTGAGE MONEY To Loan on D. C. Real Estate 6% Prompt attention given teo all applications ISHANNON & LUCHY) m 1505 H St Nat. 2345 ' First Mortgage Money Funds Available for CONSTRUCTION LOANS or LOANS ON IMPROVED PROPERTY ® ble rates B. k. SAUL CO. 925 15th St. Naul, 2100