Evening Star Newspaper, March 15, 1935, Page 18

A—I8 ¥¥# FINANCIAL., THE EVENING STAR, WASHINGTON, - D. C, FRIDAY, MARCH 15, 1935. FINANCIAL, BANK LOMS RISE TRANSACTIONS ON THE NEW YORK STOCK EXCHANG ESTOCK LISTFRM By private wire direct to The Star. 2:30 p.m. INHOUSING DRIVE|- $530,000 Provided for 979 Borrowers—Renovizing Activity Mounts. BY EDWARD C. STONE. Since the better housing campaign was launched in Washington, the banks here have made loans aggre- gating $530,000 to 979 borrowers, it was announced by Frederick P. H. Siddons, president of the District Bankers' Association today. This fig- ure does not include the large number of loans made by the buuding and loan associetions or money loaned by business firms under the security fea- ture of the housing act President Siddons stated that there had been an increase in the number of applications for renovizing loans in the last few days, the added momen- tum being supposedly due to the ap- proach of Spring and better weather conditions for carrying on outside re- pair work and renovations. Just as soon as the weather gets a bit more settled, the District Bankers' Associa- tion will renew its advertising drive for loans and this campaign is ex- pected to give new life to housing improvement expansion. Special attention was devoted to the housing situation at the weekly luncheon of members of the District Bankers' Association at the Willard this noon. Two speakers from the Federal Housing Administration ad- dressed the local financiers, Director J. H. Gilchrist and James E. Woodruff, executive assistant and director of the ‘Washington unit. Mr. Woodruff reviewed the present status of the campaign in the Capital and reported steady progress and growing interest. The 66 canvassers who have been touring the city and advising with home owners on the best methods of improving _their property, have met with marked suc- cess and have outlined a large amount of work which will be undertaken this Spring. It is also announced that the housing drive is progressing steadily all over the country, President Roose- welt stating only the other day that h eonsiders the interest shown as one of fhe most important phases of rte- govery. £ American Stores Sales Gain. Sales of American Stores Co., which fias a very large group of stores in this territory, showed marked im- provement in February over the same month last year. For the four weeks énded March 2 sales totaled $9,418.- 804 against $9,074.434 in February, 1934, an increase of $344370 or 3.8 per cent. For the first two months of the present year sales amounted to $20,- 049,527 in comparison with $19,677.300 & year ago; an increase of $372.227 or 1.9 per cent. February sales were not énly ahead of February last year but also better than the record for Jan- uary, when business showed a 0.2 per cent increase over January, 1934. Gov. Eccles of the Federal Reserve oard has suggested to the House nking and Currency Committee an amendment to the banking act of 1935 setting up a general objective of voluntary policy in place of a mandatory price level objective pro- posed by a member of the com- mittee. The amendment proposed by Gov. Eccles would read “it shall be the duty of the Federal Reserve Board to exercise such powers as it pos- sesses to promote conditions making for business stability and to mitigate by its influence unstabilizing fluctua- tions in the general level of produc- tion, trade, prices and employment, 80 far as may be possible within the scope of monetary action.” Bell System Guards Employes. The recent annual report of the American Telegraph & Telephone Co. contains some very interesting facts on the pay roll deduction plans for life insurance in which 58,700 em- ployes are included. Monthly pre- mium deductions last year amounted to $424,000, with $158,000,000 insur- ance in effect. At the end of the year 36,000 em- loyes were using savings plans, un- ler which employes may arrange for tegular deductions from salary in gpecified amounts to be deposited for them in savings banks. ; Under the plan for employes’ pen- sions, disability benefits and death benefits, which was established in 1913, service pension paid from the pension trust funds in 1934 to retired employes of the Bell System Tele- phone Cos. amounted o $4,019,848. In carrying out the pension pro- visions of the plan, the companies of the Bell system charge to expenses eurrently amounts actuarially deter- mined which will, with interest there- on, provide a sum sufficient to pay service pensions at the time employes #re retired. Bond Move Grips Attention. There was wide interest among bankers and investment dealers in the financial district today over the Treas- ury’s official announcement of the re- demption on June' 15 of all the First Liberty Bonds, aggregating about $1,993,000,000. Some exchange offer to holders is now expected. Retirement of this Liberty Bond 312 per cent issue will bring a great many of the bonds out of estates and from the portfolios of wealthy investors who were particularly interested in them because of the tax-exemption feature, as well as the satisfactory yield in these days of low interest rate.. 1t is also announced that the Farm Credit Administration plans to redeem on May 1 $162.790,000 Federal Land Bank 5s and replace these obligations at a lower rate, to be announced shortly. Bond dealers here today said they look for a more active demand for State and municipal bonds in view of the latest Government refinancing plans. Calling all outstanding First Liberties leaves the Treasury with only the remaining two series of Fourth 4% Liberty bonds to deal with, These will be called on April 15 for iesdempfion of refinancing on October Washington Gas Bonds Strong. ‘Washington Gas Light 5s, 1960, were very strong on the Washington Stock Exchange again today, selling at 1151 on a $1,000 turnover. Washington Gas 6s, series B, also appeared on the board, $500 changing ownership at 103'5. Other bonds were quiet with bids firm. In the stock division Washington Railway & Electric preferred came out at 103% on a 10-share sale. While there were no sales in Capital Transit stock, the bid price dropped to 22 and the asked price closed at 23, off Y from yesterday. Business in the banks was very lively today. It was the last day for getting income taxes made out and filed on time, and there was much consulting to be done. It was likewise the 15th of the month. —_—_—— Aluminum Industries, Inc., 1934 ma-m share earnings were 70 cents va. Prev. h4 8“- 1035 Stock and Low. A‘m Adams Bxpre: Addres: grap! S% AmMliated Prod (60e; 115% 1081 Air Reduction (3).. 20% 15% Alaska Jun (11.20). 31y . 1% 7 141 7! 122% 123 3% 15% 16% 24 261 401 112 125% 69 18% 43 0% 1354 24% 107"‘ 865 6% 19% 14% 9 45% 110 293, 14 65 5% 6% 26% 15 177 42Y 110 5% T 44% 2 Albany Wrap Paper 1 Alleg Corp (k). ... 23 Alleg pf w330w (K). 4815 Amerada Corp (2) 45% Am Ag Chem Del 13% Am Bank Note. . 119 Am Brake Sh pf (1) 110 AmCan (t5).. 1% Am Ensaustic. 2 Am & Foreign . 125 Am & For Pw pt (6) 16 Am & For Pw pt (7) 37%'Am & For Pw 2d pf. 10% Am Hawaifan SS(1) 214 Am Hide & Leather. 17 Am Hide & Leath pf 30% Am Home P (2.40). 313 Am Ice 4% Am International. 1% Am La Fran pf (k). 9 Am Locomotive.... 33 Am Locomotive pf. 1814 Am Mch & Fy (80c) 4% Am Mach & Met ctf, 13% Am Metals.... 11 Am Power & Light. 101 Am P&L $6 pf (1%) 10%; Am Radiator....... 16 Am Rolling Mills. 20 Am Shipbldg (2)... 3215 Am Smelt & Ref. ... 103 Am S&R 6% pf (33). 121 Am S&M 7% pf (7). 63 Am Snuff (13%).... 12 Am Steel Foundry 341 Am Stores (1234). 57': Am Sug (2)... 126!z Am Sugar pf (7) 1813 Am Sum Tob (1) 102 Am Tel & Tel (9)... 78% Am Tobacco B (5).. 312 Am Type Fdrs (k).. 10 Am Type Fdrs pf(k} T Am Water Wks (1). 4’s Am Woolen. .. 3857 Am Woolen pf. . %, Am Writ Paper (k). 2% Am Writ Pap pf (k) 3 AmZinc & Lead.... 36 Am Zinc & Lead p! - 8 Anaconda Copper... 36 Archer-Dan M t1%. 997 Armour Del pf (7). 37x Armour of Illinois. . 60% Armour Il pr pf (6) 4 Arnold Constable. .. 4 Artloom Corp. . 87% Atch To&S F (h2).. 74Y% Atch To&S F pt (5). 20 Atlantic Coast Lin. 21% Atlantic Ref (1) 36 Atlas Powder (2). 106% Atlas Powder pf (6) 16 Auburn Auto. 6% Austin Nichol: 45 Austin Nich pf 3 Aviation Corp Di 135 Baldwin Loco (K). . 9 Baldwin Loc pf(k). 713 Baltimore & Ohio. . 91« Baltimore & Ohfo pf 36% Bang & Aroos (2%) 107" Bang & Aroos pf(7) 314 Barker Brother: 57% Barnsdall Cor 3712 Bayuk Cigar ( 102~ Beatrice Cr pf (7).. 72 Beech-Nut P (13%) 11% Belding-Hem a50c. 117 Bendix Aviation.... 15% Beneficial Loan 135. 22% Bethlehem Steel. ... 60 Bethlehem Stl pf. 157 Bigelow-San Corp. 9% Blaw-Knox. .. 65 Boeing Airplan 49% Bohn Alum&Br (’). 2114 Borden Co (1.60)... 281 Borg Warner (1%). 241; Briggs Mfg (2).. 231 Briggs & Strat (3) 32 Bristol-Myers 12.40. 367 Bkin-Man T(af5¢) .. 90 Bklyn-Man T pf (6) 43% Bklyn Union Gas(5) 412 Brunswick-Balke. .. 4% Bucyrus Eri 8% Bucyrus Erfe cv nf. Sales— Dividend Rate. Add 4;&; Hij T ’N 7 107% 106% 107 —1% 11 16% 16% 16% + 2 % 2 W+ 11 27% 3 + ll 180 128Y% 129% + 19 18% 18 13 3 15% 16% 308 122 122 5 114% 114 108, 27% 14% + % 10% + % 21% +1% 5T% —2% 2 -1% 131% +1% 19% 42 103% 102k 10 78% 78% 3 3% 3 80s 10 9 8 % 4% 36 103% +1% 'Ig'r‘. + % - % k) %, 20 Y 364 20! 110 110 110 16% 15% 16% 5 T 67a + 14 80s 44% 40 40 -5 24 3% 3h + 1% 87 63 Bucyrus Erfe pf (2) x 108 3% Budd (E G) Mfg... 23 Budd (EG) Mfgpf. 2% Budd Wheel 81, Bullard Co. . 4% Burns Bros pf '« 131 Burr Add M (60¢c).. 205 4215 4 16% 13% Tin 63 44 35% 4% 27% 12% 47 65 46% 44% 21 43 3 4% 55 10% T 26% K 11% 293, T4 42% 22% 96 1% 12 Bush Tr Bldg pf ct. 11% Byers (AM)....... 361; California Pkg(1%) 2! Calumet & Hecla. .. 9%, Canada Dry G A (1) 9% Canadian Pacific. .. 5 Capital Admin (A). 467 Case (J [) Co...... 36! Caterpillar Trae(1). 20% Celanese Corp. . 2 Celotex Co (k) 221 Cent Aguire (1 7 Century Rib Mills. 383 Cerro de Pasco (2) 35 Certain-teed Prod 371 Ches & Ohio (2.80). 2 ChiMilStP&P Df. 2% Chi & Northwestrn. 4% Chi & Northwest pf. 4% Chi Pneumatic Tool 20 Chi Pneu Tool pf... 17 Chi R 1&P 6% pf (k) 10 Chi Yellow Cab (1). 2515 Chickasha Cot Oil... 3% Childs CO...cuv.uun 31 Chrysler Corp (1).. 20 City Ice & Fuel (2). 87 City Ice& Fpf 6% % City Stores (k)..... 3 City Stores ctfs (k) 180% 161% Coca-Cola (8)...... 57% 18% 591 513 45% 9% 47 113 33 621 115% 3 104 5514 Coca-Cola (A) )(3). 16% Colgate-P-P (50c).. 69% Collins & Atk pf (7) 14 Colo Fuel & Iron(k) 5 Colo Fuel & Ir pf(k) 10% Colo & South....... 1501 14 90s 8 3 30s 4 FEFSE T ll+tl+4~+++l+lll EEF EEFRFEIESP 1 + b4t 3 5 0 2 2 5 1 1 L 5 9 1 s 4 2 % 1178% 178% 1 57 57 5 16% 16% 1 105% 1056% 6 9% 9% 508 71 71 9 ’a 908 308 208 56 12»9 32 ColG&EpfB (5).. lODl 34% Colum Pic vte (m1) 67 Columb Carbon (4) . 3915 Comel Credit (2)... 1097% Comcl C 1st pf(6%) 2915 Comcl Cred (B)(2). 56% Comel Inv Tr (2%) 111 Comel In cv pf(e6). 17% Comel Solv (t85¢).. 3, Comw & Southn. . 291% Comw & Sou pf (3). 28Y% Congoleum-N(1.60) 23% Conn Ry & Lt (43%) 7 Consol Cigar. . 4% Consol Film.. 18% Consol Film pf (§2) x 157 Consol Gas N ¥ (1). 72% Consol Gas pt () 1% Consol Laundri 632 Consol Oil (h42¢). .. 21 Consol R R Cuba pf. % Consol Textile, 97% Container Corp % Contl Motors. 15% Cont. oa)el)nn,e. 62 Corn Prod Ref (3).. 4% Coty Ine....... 35% Cream of Wht t. ‘A . 12 Crosley Radio...... 23% Crown C& S (1) 3% Crown-Zellerback. . 14% Crucible Steel. . 1 CubaCo..... 5% Cuban-Am Sugar... 40% Cuban-Am Sugar ptf. 15% Curtis Publishing. .. 89% Curtis Pub pt (7) 2 Curtiss Wi ... 6% Curtiss Wright (A). _—— 31 22% 43% 1% 23 19 24 n Beereace pt iita)s Delaware & Hudson Del Lack & West..o 6 1 2% 5 41 40% 41 10s 111% 111% 111% 40s 30% 30% 30% 3 57% 57 5% +l 1112 112 112 +1 42 % 18% + % 25 % 2 31% + % 26 2T% -1% 108 25 1 i 4% 18% + % 16% + % 6 1% 6% + % 2% — W% 1 10% + % 3~ % 4% X T 67 +1% 8 29% + % 16% + 641 + 4% + 381 — 13% + e pranwmromaBanoRonBRen PEEF FERER ® g Reo® 21% 25 26% + % 1% 12+ ane S8 I 3 Net change ....... Today, 1 pm. . STOCK AVERAGES Complled by the Associated Press. Indust. +3 49.9 Previous day . Month ago Year 2go .. 1935 1935 1934 1934 Prev. 1036 High. 50% 117 114% Devoe & R 1st p£(7) 408 115 llfi 115 2 28% 28% Stock and Low 38% Devoe & R (A)(12). 29% 26'% Diamond M (113%).. 34% Dome Mines (2)... 814 Dominion Strs(1.20) 17% Douglas Aireraft. .. 14 Dresser Mfg A b]% 3 Dunbill Internatl 87% Du Pont de N ( ) !20 1267 Du Pont deb (6)... . 8 3% Eastern Roll Mills.. 123% 110% Eastman Kod (5)... 152! 141 Eastm’n Kod pf (6). 20% 29 16% Eaton Mfg (1)..... 193 Electric Auto Lit: 110% 107 ~ Elec Auto Litepf 1. 6% 8% 3 % 8y 21% T8% 38% 18% T 63% 25% 1% 3514 5 133, 65% 344 4 Electric Boat.. 6% Elec & Mus Ind.... 1% Elec Pwr & Light.. 21 Elec Pwr&Lt $6 pf.. 3 Elec Pwr&Lt §7 pf. 14! Eng P S $5.50 pf ww 5 Equit Office Bldg. .. 715 ErieRR........ 10% Eureka Vac Cl(80e) 16} Evans Auto (a75¢).x Bl 1 FairbanksCo.. 17 Fairbanks-Mor: 71% Fairbanks-Mrs pf. 5% Fed Lt & Trac. .. 48 Fed Lt& Tr pt (6).. 4 Fed Motor Truck.. 7 Fed Water Sve (A) . 18 Fed'd D Stores (11). 281 Fid Ph F Ins(11.35) 13% Firestone (40¢)..... 47% First Nat Strs(2%) 2% Follansbee Bros (k) 20% Food Mach (a25¢).. 10% Foster-Wheeler.... 62 Foster-Wheeler pf. 4% Foundation Co..... 9 Fox Film (A)...... 351, Franklin Simon pf. . 1914 Freeport-Texas (1). 515 Gen Am Investors. . 32% Gen Am Trans(1%) 12 Gen Asphait. - 5% Gen Bronze. 4% Gen Cable (A). 5015 Gen Cigar (17) 2015 Gen Electric (§0e).. 11 Gen Elec spec (60¢c) 321 Gen Foods (1.80) 14 Gen Gas & El (A). 10% Gen G&E 6%cv pf A 5974 Gen Mills ( 26% Gen Moto! 113 1075 Gen Moto! 5 35% 17% 127 31% 3% Gen Outdoors Ad + Gen Public Servi, 15*. Gen Ry Signal (1 7% Gen Realty & Util.. 16% Gen Refractories. 16%s Gen Refre cctfs. 15 Gen Stl Casting pf.. 12 Gillett Saf Raz (1). 70 Gillett Saf R pf(i) . 21, Gimbel oros. 23% Glidden Co (1 213 Gobel (Adolf). 15% Gold Dust (1.20 713 Goodrich (BF). 45 Goodrich (B F) p! 153 Goodyear T & R. T1%; Goodyear $7 pf (4). 3 Gotham Silk Hos 17 Graham-Paige. 5% Granby Consol 21 Grand Union. . 2914 Grant (W T)(11%). 9%, Great Northern pf. . 9% Great Nor Ore (50¢) 26% Grt West Sug (2.40) 128 119 Grt West Sug pf(7) 6 15 2512 64 0% 20 3% 943 T 4 Gulf Mobile&N.... 7% Gulf Mobile & N pf. 21% Hackensack W(1%) 16% Harb Walker (1) 1% Hayes Body..... 85 Hazel AtlasGl (5).. 71 Hercules Pw (13%) 125 122 HerculesP pf (7).. 13% 3% 7313 Hershey Choc (3 57 Holland Furnace. 307 Houd-Hersh A (§2). 613 Houdaille-Hersh B. 49 House Fin pf (3% ) = 9%, Houston Ofl 1% Houston Oil (nuw) E) 43 Howe Sound (3)...3 2% Hudson & Manhat.. 615 Hudson & Man pf... 84 Hudson Motor Car.. 1% Hupp Motors...... —_— 1% 574 33 56% 3 4% 16% 3 7 5 91¢ [1linois Central..... 44 111 Cent Isd lines(4) 25% Indus Rayon (1.63). 48 Inland Steel (1).... 2% Inspiration Copper. 4 Insur Shct Md l4e.. 10% Interboro Rp Tr(k). 2 Intercontl Rubber.. 4% Interlake Iron. 2% Int Agriculture 1611 149% Int Bus Mach (p6).. 6% 33 43% 2% 3% 24‘4 l': 14 12 24% 18% 46% 9% 12% 36 3% Int-Carriers Litd 200 23 IntCement (1)..... 34Y% Int Harvester (60c) 11 Int Hydro Elec (A). 11; Int Paper & Pw (A) % Int Paper & Pw (B) 5, Int Paper & Pw (C). 414 Int Paper & Pw pf. 213 Int Print Ink (1) 31 Island Creek C (2). —_— 5T% 3814 Johns-Manville.... 125 118Y% Johns-Manv pf 3 8% 13% 10 19 55% Jones&Laugh 7%pf. 3% Kans City Southern 6% Kans City South pf. 713 KaufmannDeptS40o 15% Kayser(J)& Co 60c. 1 Kelly-Spring T (k). 6% Kelly-Sp Tire 6% pf 90% Kendall Co pf (6).. 3% Keisey-Hayes (B).. 112 106% Kresge (S S)pf( 28% 231% Kroger Gr&Bk e 13 Laclede GasSt L. 26% Lambert Co (3)....x 8% Lee Rub&Tire (50c. 5 Lehigh Valley RR. 68 Lehman Cp(+2.65).. 23% Lib-O-Ford G1(1.20) 21 Life Saver (1.60)... !09% 102 Ligg & Myers B(t5) 156 151% Ligg & Myers pf (7) 19% 24% 30% 36% 16% Lily Tulip Cup (13 ) 13% Lima Locom 24% Liquid Carb ('I’A)- 31% Loew's Inc (3)..... mn 102 Loew’s Inc pf (6%). 3305 Loose Wiies (3512 19 Lorillard P (12.20). 11% Louisv GEE(A)1%. 13 Ludlum Steel. 40 MacAndrews & F 13 28 McCall Corp (2).... 7% McCrory Strs A (k) 7 McCrory Strs B (k) 57% McCrory Strs pt (k) 36% McIntyre Porcu (3) 90% McKeesport T P (4) 86% 21% Mack Truck 44% 36 Macy (R B)& Co(2) 224 l:’fi Magma Copper (3).. Mallison & Co. . Sales— Dividend Rate. Add 00. High. lnw. clbgl Chge. '15 Rails. +.1 18.7 18.6 229 388 276 15 util. smcn. +3 351 348 389 472 416 348 514 , 349 ¥ 169 1577 GI.I‘ Net. - % -1% 1 38 28% 40 +1 9% 9% M+ K 18% 13% 3 894 128% 3 3 87% 88U 4+ % 128 128% AU A%+ % 116% 118% +1% 1562% 152% 17 174 195 20% 109% 109% 8% 3% 6% 6% JUNES LY 3% 3% 3% 3 15% 15% 5 5 e T 10% 18 1 44 11815 152'% 1% 20' 109% 4 7 1% 3% 3% 16% 5 T8 b i a 14 3 3 2 pt 14 d‘é 3% + U % 40% +1% 117% — % 56 + % 16% 1 614 90 61e 14% ll &) . 106% 106'& 108% = 12% 26% 9 12% 26% 8% 5% 68 23% 12% - 26% + 8% + 5% + 1 68 32 24% + 5 21% 21% 3 104% 103% !0‘% + % 1 156% 156% 156% +2% 13T 19 AT 2 14% 13% 14% +1 11 26% 24% 26% + % 15 34% 32% 33% +1% 3 104% 103% 104 4 1% 1 1 331 19% % #& EFES *Vl-f-)'## -% 33% — % 1% + % % % - % 10% - % 13% “%— % 28% + % 8% + % 8% + % 66 -2 4% +1% 9% + % % + % 10% 89 +1% 21% + % 35% ~ % fl]’}(#% 8 41 Th — K k- % BrewSwn YT - 2:30 p.m. Prev. 1036 High. Low. 13% 11 Mlnhlt Shirt (60¢) 4% Marancha Corp. 5 umk and 6% Martin Parry . 23% Mathieson Alk 37 May Dept Str (1 4 Moeiville§ Shol(fl%) 3 Mengel Co.. 24% Mesta Mach (1% 2% Miami Copper.... 9% Mid-Cont Pet(h50c 81 Midland Steel Pr 60% Midl'd Stl 4 Minn Mol 31 Minn Moline Pow pt 1% MStP&SSMlisln 21% Montgomery Ward. % Mother Lode. .. 17% Motor Products 30 Myer(FE)&Co1.60 12% Nash Motors (1) 6% Nat Aviation, 25% Nat Biscuit 2)..... 1313 Nat C2sh Reg A 60¢ 14% Nat Dairy Prod 1.20 1% Nat Dept Store (k). 1744 Nat Dep St 1st pf (k) ' 24% Nat Distillers (50c) IGH‘q 145 Nat Lead (5)....... &t. 5 Nat Pwr & Lt (80c) 505 41% Nat Steel (11%) 9 Nat Supply Co 11% 8% Nat Tea (60¢)...... 28% 22 Neisner Bros(t1%). 52 435 Newberry(J J) 1.60 8 4% Newport Industries 2814 181 N Y Airbrake. 21% 12% NY Central RR.... 13 6 NYChicago&StL. 25 9% Iv Y Chi & St L pt 31 2 N Y Dock ®; 2% N YN H & Hartford 14% 6 YN H & Hart of. 6 2% NYOntario & West % N Y Railways pt. . 615 N Y Shipbullding. .- 30% Noranda Mines (h2) 99 Norf & West pf (4). 2 North Am Aviation. 9 North AmCo (1)... 363 North Am Co pf (3). 57 North Am Ed pf (6) 13% Northern Pacific. .. 357 Northwest Tel (3). 9% Ohto Ol (h45¢).... 215 Oliver Farm Equip. 15% Oliver F prpf A.... 37» Omnibus Corp...... 12% Otis Elevator (§0¢). 4% Otis Steel.......... 223, Otis Steel pr pf 80 Owens-I1l Glass (4) N N N N 1 16% 36% 1011 4 13% 42% 69 21% 383 10% 45 26% 5% 16% Th 46 90% 14% 238, 13% PacificG& E (1%). 20 Pacific Lighting (3) 21 13 Pacific Mills (h50¢) 7613 70 Pacific Tel & Tel (6) 120 111'; Pacific T & T pf (6) 8%, 7 Pac W'nOil (h40e). 5% 3!3 Packard Motor. 12 6'; Panhandle P & 4'% 2% Par-Publix etfs (k) 215 Park Utah 15 Pathe Exc! 1215 Pathe Exchange(A) 8% Patino Mine: 14 Peerless Mo 6415 Penick & Ford ( 64% Penney (J C) (2) 108 Penney (JC) pf ( 17% Penn RR (1). . 30 Peoples Drug 17% Peoples Gas Chi 15 Pere Marquette 16; Pere Marquet pr pf. 7% Petrol Corp (h50¢). 13% Phelps Dodge(h75¢) 2 Phila& ReadC&1 35% Philip Morris (1) 13% Phillips Petrol (1). 13 Pierce-Arrow (k)... 413 Plerce Oilpf....... '3 31% Pillsbury Flour 1.60 7 PittsCoal.. 30 PittsCoal pf...... 513 Pitts Screw & Bolt 115 Pitts United Corp. 25 Pitts United C pf... 6% Plymouth Ol (1) 63 Poor & Co (B) 1% Porto Ric Am Tob A 813 Postal Tel & Ca pf.. 1% Pressed Stl Car (k). 7 Pressed Stl1C pt (k) 49% 42% Proc & Gamb (1%). 120'; 115 Proc & Gam pf (5). 27% 20% Pub Serv NJ (2.30) 102 99 PubSvec E&G pf(5). 52' 41'; Pullmah Inc 3).... 0 » [ S 301 00 B 30 23 58 i 1 1S e 1t 20 et 0 N 19 0153 1k ek 0 N 5 e SO OIS 1115 4t 16% 3 3 4 Radio Corporation. 3514 Radio Corp pf (B).. 1t Radio-Keith-Or (k) 16's Raybestos-Man (1). 26 Real Silk Hos of... 8 Remington-Rand... 2% Reo Motor Ca 914 Republic Steel - 30 Republic Steel pf... 30 Republic Steel pf et 204 Reynolds Metalsl). 12% Reynolds Sp 40¢)... 465 Reynolds Tob B (3) x 36 7 6 Ritter Dental 32% 293 Roy’l Dh1.35 3-10c. 1 ————eeeees 46 381 Safeway Stores(3).x 112% 110 Safeway Strspf (T) x 30- 17% 10% St Joseph Ld (40c). 2 1% St L San Fran (k).. 14 12 'St L Southp'n. 8% 6 Savage Arms .. 281 22 Schenley Distillers. 4 2 Schulte Retail Strs. 10% Schulte Re Strs pf. . 20% Seab’d Oil(Del)(t1) 31 Sears Roeb'k (75¢). 7% Servel Inc.. 9 Sharon Steel Hoop. 3% Sharp & Dohme. ... 44% Sharp & D pf (3%3). T% Shattuck(F G)25¢. .x 5% Shell Union Oil 6413 Shell Union Oil 8% Silver King C (40¢). 614 Simmons Co..... 13% Simms Petrol (1) 167 Snider Packing CORPORATION REPORTS TRENDS AND PROSPECTS OF LEADING ORGANIZATIONS. NEW YORK, March 15—The fol- lowing is today's summary of cor- poration news prepared by Standard Statistics Co.,.Inc., New York: United States Printing & Litho- graph 1934 preferred share earnings were $3.82 vs. 6 cents. Chrysler Corp.-Plymouth Motor Corp. has announced a ney low-priced four-door business sedan with fac- tory list price of $570; this is the third car in company’s line of low- 61299 units, & guin of 58 Der et oépper'y clase on dark ieaf foos into | S 0.1 over like 1934 period. Retail deliv- eries in week ended March 9, totaled 7,572 units, & gain of 4 per cent. over | CXeak deliveries of 7,260 cars in previous week and 14.4 per cent over like week in 1934 Goodyear Tire & Rubber Co— Company announced adoption of a temporary four-day week, effective March 18, 1935. United American Bosch Corp.— Company’s operations are running 75 per cent ahead of a year ago, chiefly because of automobile revival. HAHN PLAN APPROVED. NEW YORK, March 15 (#).—A re- capitalization plan for Hahn Depart- ment Stores, Inc., has been approved hmabyduchnndvfllh to stockholders nuummy., e A et 1% 25 12% 19% Ly 5% -1 2! 113% 111 Stand Oil Exp pf(5) 25% 431 64 % 5 3 6814 119'/: 115% Sun Oil pf ( 16% 2% 9% B% 2% T 36% 13% 20 12‘: 7 +HL I +4 + HHE+ ++ + 40% 94 59 40 24 2 1% 213 Tid4t44 4140141010 2 o 97n 3y 24 41 21 21% 4 s 9% in st 131 1% Bales— Prev, 1035 d Rate. Add 00. High. Low. Close. Chse. | High. Low. 21 T 4% M8 143 USGypsumpf (7). lsho s of Stocks on the N A Dividend rates cash payments base declarations Onte ot trading less than 100 snares SR ds fanised " m Blus 6% in stock. in stock. e, DARK-FIRED MARTS Stock ana . Baler Dividend Rate. Add 00. High. 11 Socony-Vac (60c).. 63 12% 20 Sou Por RicoSug(2) T 22% 10% South Cal EA 1%) 5 12% Southern Pacific. 7% Southern Raflwa; 10 Southern Rwy pf 3% Sparks-Withington. 33 Spencer Kellog 1.60 7% Sperry Corp (26c).. 815 Spicer Mfg. ... 33% Spicer Mfg pf (l) 541 Splegel-May-Stern., 15 Stand Brands (1) 2% Stand Com Tobac 1% Stand Inv Corp 2 Stand Gas & El 2% Stand G & E $4 pf. 5 Stand G&E $6 pf... 6% Stand G & E 87 pf. ., 281 Stand O1l of Cal(1). 118 21% 10% 12% 4 10% 3 34 w% O 34 5643 15 214 4 1% 1% 4% 6 27% 23% Stand Ol of Ind (1) 36 Stand Ol NJ(t1%) 58% Sterling Prod (3.80) 6% Stewart-Warn 215 Stone & Webst: 2% Studebaker ( 62 SunOil (31) 36 621 7 2% 61% . 119 12 Superheater (5! 1% Superior O1l. .. 5% Superior Steel. 3% Sweets Co of Am 1% Symington (A) 4'a Tennessee Corp.... 1643 Tex: orp (1).. 31 Texas Guif Sul (2) 16 Texas& PacRR... 31 Tex Pac Coal & Ofl. 8’3 Tex Pac Land Trust 15% Thatcher Mfg (a2bc 213 Thermoid Co 16% Third Nat Inv h25c. 13% Thompson Products 1% Thompson Starrett. 7% Tide Wat Asso Oil. . 84 Tide Wat A O pf(6) 2715 Tide Wat Oil(a35c) 10314 100 Tide Wat OIl pf (5) 43, Timken-Detroft. ... 28% imken R B (1).... 4 Transamerica (25¢) 5% Transue & wmm-n- 1% Tri-Contl Corp. . 75 Tri-Contl C pf 15) . 36 Trico Prod (23%)... 31% Truscon Steel...... 41% Un Bag & Paper (4). 44 Un Carbide&C1.60. 14% UnOilof Cal (1)... 83' Un Pacific (6)..... 207 Un Tank Car (1. nl)). 97 United Afreraft.... 413 United Afr L vtc 23% United Bisc (1.60) .+ 46 United Carbon 2.40. 133 United Corp.. 3% United Elec Coal 71% United Fruit (3)... 9% United Gas Imp (1) 877x United Gas 1 pf (5). 2% United Pce DW.... 18 United Pce D W pf. 41; U S & For'n Secur. . 40 U S Gypsum (1).... 5 41% 30s 145", 5% 14% U S Pipe & 19% U S P&F 1st pf 1.21 3 US Realty & Impr. 914 U S Rubber. 2 24%3 U S Rubber 1. 124'4 106% U S Smelt & R (k9. 28 U S Steel 7515 U S Ste 3% United Stores (A) 5113 Univ Leaf Tob (2) 140% 133'% Univ Leaf T pt ‘3. 36’2 Univ Pic 1st pf. 1% Univ Pipe & Rad 1 Util Pwr & Lt (A).. ——— 5 Vadsco Sales Corp.. 13% Vanadium Corp.... 27 Va-Car Chemical. .. 18% Va-Car Chem 6% pf 72%3 Va El & Pwr pf (6). 67 Vulcan Detin (a4).. 1% Wabash (k)........ 1% Wabash pf (A) (k) .- 41; Waldort Sys (h20c). 27% Walgreen Co (m1).. 1% Ward Baking (B)... 28!3 Ward Baking pf (2) 213 Warner Bros Ple... 14!; Warner Bros Pic pf s Warner-Quinlan... 2% Warren Bros . 4 Webster Eisenlohr. 1 WellsFargo..... 3015 Wesson O & S t1%. 34 Waest PaElec A (7). 39% West Pa Elec pf (7) 95 West Pa Pw pf (6). llflh 1041; West Pa Pwr pt (7) 1% Western Dairy pf A '3 Western Dairy pf B 5% Western Maryland. 1% Western Pacific.... 2% Western Pacific pf. 20% Western Union..... 18% Westingh'se AB 50c 323, Westingh'se Elec... 10'; Weston Elec Inst... 29 Weston Elec A (2). 163, Westvaco Chl ¢40¢c) 7 White Motor....... 19 White Rock M S (2) 1'; White Sewing Mch. 1 Wilcox Oil & Gas... 47 Wilson & Coal2e. 68 Wilson & Co pt (6).. 51 Woolworth (2.40)... 11% Worthington Pump 25!z Worth Pumppf A.. 20"« Worth Pump pf B.. 73% Wrigley(Wir)13%. 177 Yale & Towne (60c) 2%, Yellow Truck 18'; Young Sp & W fl.u 13'; Youngstown S&T. 29 3% Zonite Products.... 5 3 210,000 450,000 0 p. M. @iven in the above S e ftest "Juarens o 0 Noon. lb%ell hr Pl l:h Y ! Pl 1 1 : in cash of ¢ us $1 in 4% 1in 'ald ml.l,!ul‘ Ries Teported d jp receivership or x Ex-didivent RUSHED WITH LUGS By the Associated Press. Deln Wet Low. Close. Chee. 12% + % 22% +1% % [ ™ W W 1 % K 58% +1% 15% + % 3% + 1 17 — f4+4+01+1+1 1 +4 18% 14 s %+ % York Exchange. 350,000 570.000 © Plus 3% New York Cotton NEW YORK, March 15.—~There was A. A A. Approval of Sales With- out Regard to Contracts Brings Delay in Closings. By the Associated Press. RICHMOND, Va., March 15.—Lugs poured into the floors of dark-fired markets yesterday following announce- ment by the Agricultural Adjustment Administration that growers could sell them without regard to allotment contracts. The bulk of 98,156 pounds sold at Blackstone and 95 per cent of & continuance of nervous and irreg- ular fluctuations in cotton today. Early declines were followed by par- tial rallies. After selling down to 11.02 under | the early pressure, May rallied to 1116 during the middle of the afternoon, with active months 18 to 20 points net lower. Liverpool 0 ltl lol L. Mar 15 ) .—Cotton. 4.000 bales, Im:ludm: 400 Amerlcln !Dot dull; nklcu 10 polnu lmr. q:otmom in the Bedford turnover was of this|penc variety. The belated announcement by the caused the extension of the next week. The Farmville market was led another week and Blackstone and Bedford authorities set next Tues- day and Thursday for disposition of lugs. One Drakes branch warehouse an- nounced it would remain open until further notice. ‘The regular season closed there, with sales estimated at | Aier 1,500,000 pounds at an average of near $11.75, as against $9.75 last year. PURCHASES CAN PLANTS. arin stric fow. mmaun.. 810: B.09; rainary. barely slald’ Kl May, 6. Ogtober. December. 5.92; NEW YORK BANK STOCKS NEW YORK. March 15 "I ~New York Security Dealers’ Association: (Opening uuonuonn BANKS. 1. Sational City (i Commercial (8) First Public (1%3) Manhattan Adked. (130) 319 Eoral "mans NEW YORK, March 15 UP)—The | Sentral Banover Continental Can Co. has nfi nual -yearly Eartly extra cPius b Fayable in preferre 3 Accumulated Teor- and was holding around 1112 LATE IN SESSION Prices Improve After Brief Wavering at Midday. Gains Increase. BY VICTOR EUBANK, Associated Press Financial Writer. NEW YORK, March 15.—Small but well distributed advances gave the stock market a moderately firm tone today. After momentarily wavering around noon, the list hardened a trifle during the final hour when further buying appeared in metals, industrials and specialties which gave the entire list renewed confidence. J. 1. Case with a gain of nearly 2 points was the star performer in late dealings. Transfers aggregated 720, 000 shares. A wide assortment of shares pushed up fractions to a point in quiet trad- ing, which seemed to reflect covering and buying for a turn on the part of traders who thought Wall Street’s latest fit of blues was being carried to extremes. But a crop of about a dollar a bale in cotton, a sagging tendency in grains and pronounced weakness in such staples as rubber and coffee, soon put a damper upon what cheer the share market was able to muster. Bonds were unable to continue yes- terday’s rally. The action of foreign exchanges was again encouraging, with the pound sterling rebounding a couple of cents and the slump in the gold currencies checked for the moment. Recoveries appeared in the earlier hours of trading in most of the major groups of shares. Steels were held back by the controversy in Washing- ton over the industry’s pricemaking, and oils and dairy issues failed to re- cover. But farm implements, mail orders, alcohols, non-ferrous metals, motors, miscellaneous industrials and scattered rails and utilities all pushed up moderately. Gains of major fractions to & point appeared in such issues as Union Pacific, Johns Manville, Case, Public Service of New Jersey, Amer- ican Telephone, Du Pont, Loew’s, United States Smelting and others. Rails seemed to be helped for a time by further hopes of a favorable deci- sion by the I. C. C. on their plea for higher rates. The loadings report for the past week was not encouraging, showing a more than seasonal drop of 17,372 cars from the previous week, but that had been anticipated in view of the earlier reports by individual carriers. The total was 26,850 under the like week of 1934. Chicago Grain By the Associated Press. CHICAGO, March 15.—Material advances in wheat values took place late today, largely as a result of dust storms Southwest and West, with ag- gressive buying for millers. An impression prevailed that liberal purchases of domestic flour had been consummated. Need of rain te pre- pare for Spring wheat planting North- west received a good deal of notice. Wheat closed firm !,-1!s above vesterday’s finish, May, 92% corn, s-12 up, May, 79'sal;; oats, %-13 down. and provisions unchanged to & rise of 5 cents. 881y Chicago Cash Market. Wheat, No. 2 hard, 1.00%; No. 2 yellow, hard, 99: corn, old, No. 5, vellow, 82; new No. 3. 82!,a83; oats, No. 3 white, 50’z; no rye: barley, 68a1.20: timothy seed, 17.00a18.00 cwt.; clover seed, 15.50a19.50 cwt. Liverpool Grain Prices. LIVERPOOL. March 15 (#).—Wheat fu- tures ciosed irregular. Preyious SAVANNAH NAVAL STORES. SAVANNAH ‘\hrch 15 (® —Turpentine rm. 50%; sales. 45 receipts. 11. no <h‘lnmem 554. Rosin flrm Bought—Sold—Quoted Baltimdre TAX-EXEMPT BONDS Also various CORPORATION BONDS which REFUND THE PERSONAL PROPERTY TAX. Selected List on Request Philadelphia GILLET & CQ, Woodward Bldg. Natl. 2460 WE WILL BUY Corcoran Courts 1st 7% Bonds Fifth Ave. of Pittsburgh Certificates Cleveland Hall of Buffalo Certificates C. B. Pennebaker Company, Inec. Southern Bldg. Washington, D. C. National 2335 National 2313 'Dulm (n !quml umnm. Speciglizt eal Estate Mlfll l nds’