Evening Star Newspaper, March 18, 1935, Page 14

; FINANCIA THE EVE G _STAR, WASHINGTON, D. C, MONDAY, MARCH 18 1935. FINANCIAL GANSDISCLOSE) TRANSACTIONS ON THE NEW YORK STOCK EXCHANGEOUKSTUNDUL INFIFTH DISTRICT AFTER EARLY DROP direct to The Star. s:30pm. Afld 00 High, Low. Close. Ohl'. 3 2:30 p.m, Stock and Sales— Net | Prev. 1035 Stock and Dividend Rate. Add 00 High. Low. Close. Chse. | High. Low. Dividend Rate. 1 23% 23% 23% —-1% 5 21 Stone & Wel 1 151 151 151 -2 3 2% Studebaker (new).. 14 119% 115% Sun O11 P (8)e.quen Prev 1038 High. "Low. 25 Nat En & Stpg (h1). 16814 145 NatLead (5)....... 4% Nat Pwr & Lt (80¢). STOCK AVERAGES Stock and Compiled by the Assoclated Press. Dividend Rate. Prev. 10: High. Lo' 3% 35 Abrm 35 “9 + % i.dl;oo High Low. Close. C'n.l" 13 2% 2% 'h - % 2% Washington Business Keeps Well Ahead of Marks Set Last Year. BY EDWARD C. STONE. Business in the Capital and all the rest of the Fifth Federal Reserve dis- trict in the first quarter of 1935 will hang up an excellent record. well ahead of the same period in 1934, according to jatest reports and the best business barometers. The Fed- eral Reserve Bank of Richmond an- nounces that business has gone ahead steadily so far in March and there are no indications that the situation will not continue during the remaind- er of the month. Business barometers covering con- ditions ‘n Washington, which have just been compiled for February, pre- sent a bright picture. The Potomac FElectric Power Co. reports a gain of 11.64 in the demand for electricity. Kilowatt hour output for the District in February totaled 44,678,092, acainst 40,019,647 in February a vear ago, an advance of 4,656.445 kilowatt hour sales. Total sales are also way above the figures for both February, 1933 and 1932. Retail sales in the Washington de- partment stores in February were 19.2 per cent higher than in the like month last year, this showing being one of the best made by any city in the couatry and leading all the cities in the fifth district with one exception. January sales were 12.9 per cent better than a year ago. The combined record of the first two months of 1935 will assure a fine showing for the first quarter, when the March figures are available. Receipts at the City Post Office are always a good indicator of business conditions. Receipts in February amounted to $499,866 as compared with $426,031 in February a year ago. The January receipts were also much better than the total in January, 1934. Telephone business is also growing cieadily. At the end of Febru- ary Washington was served with 191, 439 telephones, an increase of 10,829 in comparison with the same date in 1934. Average calls per day also increased, there hLaving been 780,- 217 daily calls, against 747,238 in the same month last year. Check transactions in February backed up the other indicators re- vealing better business conditions here. As already noted, the Wash- ington Clearing House reported total clearings of $60,566.932, while can- celed checks in February, 1934, reached the sum of only $49,091.924. ‘That is an improvement of more than $11,000.000. So far in March, local clearings have also been highly satisfactory. While other barometers might be cited, these are sufficient to show an upward trend of substantial proportions. D. C. Underwriters to Meet. The March meeting of the District of Columbia Underwriters' Associa- tion will be held next Thursday noon at the Willard, with Engene M. Thore, assistant counsel of the Acacia Mutual Life Insurance Co., giving an address on “When We Meet the Claimant.” He is an expert in life insurance claim matters and has spoken before a number of national insurance meetings. At this luncheon meeting a brief discussion will be held concerning the new legislation introduced this month in the House of Representatives rela- tive to the proposed control of mail order insurance business. Announcement will be made about the new National Association pro- posal to eliminate the employment of all part-time life insurance agents in cities of 50,000 population or more. Hill Gets Diamond Emblem. Edwin F. Hill, widely known in the financial district through his long con- nection with the information depart- ment of the Chesapeake & Potomac Telephone Co., has become entitled to wear the diamond service emblem because of 35 year's service with the Bell System. He began his service in Portsmouth, Va., in 1900, later working in Dan- ville, Raleigh, Winston-Salem and Jacksonville. He was made city fore- man in Atlanta and then became district foreman, his territory covering nine important Southern States. In 1912, he was transferred and became one of the leading telephone men in ‘West Virginia, being located in Charleston. Safe Deposit Meeting Called. The monthly meeting of the safe deposit section of the District Hank- ers' Association will be held next Wednesday evening in the board room of the American Security & Trust Co. Chairman Richard E. Harris will report on the quarterly meeting of the Maryland State Safe Deposit As- sociation, in Baltimore, which was at- tended hy 12 members of the Wash- ington organization Secretary John F. Hillyard has asked for a report on allowing persons under 21 years of age to be deputies iu the safe-deposit sections of the banks. ‘The matter came up at the last meet- ing and delegates were asked to con- sult with 1he various attorneys in the banks and ask for their views on the advisability of permitting minors to act in this capacity Members of the safe deposit section wish to make the custom uniform in all the banks. This problem will make this week’s meeting unusually im- portant. Rover on Advisory Board. Announcement was made today that Leo A. Rover, former United States -cwmey for the District of Columbia, has been elected a member of the ad- visery board of the H street branch of the aBnk of Commerce & Savings. Mr. Rover graduated from George- town~University Law School in 1910. In 1924 he became associated with the district attorney’s office as assistant United States attorney for the District of Columbia. He was named first assistant in 1926 and in 1929 was elevated to the office as United States attorney. Mr. Rover tendered his resignation to President Roosevelt shortly after the President entered office. Bonds Active on Exchange. Bonds were active on the Washing- ton Stock Exchange today when the week’s business opened. Washington Gas 5s again sold at 115, Capital Trac- tion 5s moved at 97, Georgetown Gas 5s changed hands at 1117 and Wash- ington Gas 6s, B, at 104. Washington Railway & Electric 4s moved at 102% and Potomac Electric Power 6s, 1953 sold at 110. New Director Elected. John E. Shoemaker, manager of the Washington division of the General Outdoor Advertising Co., has been elected a director in the company. The concern has just reported that it booked five times more business in January of this year than it did a year ago. —_— Southern Railway Co. January net loss was $540,670, vs. net loss of $339,977 in January, 1934 \ T 4 Adams Express. 3315 281/, Adams Millis (2). 114 8 Addressograph. 6% 6 Advance Rumley... 8% 6% Affiliated Prod (60c) 115% 106 Air Reduction (3). 20% 15% Alaska Jun (11.20) 31 2 Albany Wrap Pape! 1% 1 Alleg Corp (k) 6% 215 Alleg pf x w (k) 141 12735 Allied Chem (6).. 17% 12 Allis-Chalmers..... 5’ 4813 Amerada Corp (2).. 57% 45% Am Ag Chem Del(2) 18 13% Am Bank Note.. 2 43 Am BankNpf (3).. 2215 Am Brake Shoe 80c. %119 Am Brake Sh pt (7) 110 AmCan (t5).. 10 Am Car & Found 38 Am Chain pf. 22% Am Comel Al . 6% Am Crystal Sugar. . 57% Am Crystal Sug pf. 1% Am Ensaustic. . .... 2 Am & Foreign Pwr. 37 Am & For Pw 2d pf. 214 Am Hide & Leather. 30% Am Home P (2.40).: 4% Am International. .. 10% 88% 3 5% 81 53 821 6% 20% 5614 233 174 3% 16 24 10% 126 18% Am Mch & Fy (loe) l'x'. Am Metals 2 Am Power & Lig| 10‘», Am Radliator....... 15% Am Rolling Mills. .. 32 Am Smelt & Ref.... 121 "Am S&M 7% pf (7). 69 63 Am Snuff (13%).... 18% 12 Am Steel Foundry 701 5T Am Sug (2). 13514 1267 Am Sugar pf 243 18': Am Sum Tob (1) 107% 101% Am Tel & Tel (9). 76% Am Tobacco (5) 78~ Am Tobacco B (5).. 129% Am Tobacco pt (6). 3 Am Type Fdrs (k). 9 Am Type Fdrs pf(k) 714 Am Water Wks (1), 47« Am Woolen. .. Am Woolen pf % Am Writ Paper ( 3 Am Zinc & Lead 8 Anaconda Copper. 14%; Anchor Cap (60c) . .{6 Archer-Dan M 1% . Armour Del pf (7).. Armour of [1linofs. . 60% Armour Il pr pf (6) + Asso Dry Goods 37% Atch To&S F (h2).. 20 Atlantio Coast Line. 21% Atlantic Ref (1).... 36 Atlas Powder (2)... 106% Atlas Powder pf «6) 15% Auburn Auto. .. 6% Austin Nichols. . . 3 Aviation Corp Del 1’3 Baldwin Loco (k) 713 Baltimore & Ohfo. 9% Baltimore & Ohio pt 107 Bang & Aroos pf(7) 4 Barnsaall Corp % 314 Bayuk Cigar (b4).. 111 107% Bayuk Cig 1st pf(7) 19 16% Beatrice Cre(a50c).. 13'3 11% Beldingz-Hem as0c. 11725 112% Belg Nat pt pf(7.02) 17'2 117 Bendix Aviation. ... 17% 15% Benefictal Loan 1%. 381, 34 Best&Co (2).... 343 22 Bethlehem Steel 77% 58 Bethlehem Stl pf. 26% 1.» Bigelow-San Corp 13% 9% Blaw-Knox....... 108 u\x'. Bloomingdale pt (1) 40% 28Y Blumenthal pf 10 €% Boeing Airplane.... 597 49% Bohn Alum&Br (3). 971, 90 Bon Ami (A)(15)... 25% 2115 Borden Co (1.60). 3414 281 Borg Warner (1%). Tl 4'x Boston & Maine. ... 301 2415 Briggs Mfg (2). 31% 231 Briggs & Strat (. 36% 32 Bristol-Myers t2.40. 4415 361 Bkin-Man T(a75¢) .. 90 Bklyn-Man T pf (6) 43% Bklyn Union Gas(5) 4% Bucyrus Erie. 81% Bucyrus Erie cv pf. 31 Budd (EG) Mfg.... 23 Budd (EG) Mfgpf. 81 Bullard Co. . P 314 Burns Bros pf. 3 110 29% 14 6% 15 177% 10 Strauss 11.80. 9;7; 35 20% 13% Burr Add M (6 11% Byers (A M) 42% 1% 4t 16% 13% 63 44 35% 4% 27% 5514 ry 6% 33% 45% 447 2% 3 4% 5% (e 4 4% 29% T3 421 22% 96 1% 361, California Pkg(1% ) 13 Callahan Zinc. . 215 Calumet & Hecla. 9% Canada Dry G A (1) 95 Canadian Paeifle. .. 467% Case (J I) Co... 3615 Caterpillar Trac(1). 201 Celanese Corp.... 2 Celotex Co (k)... 224 Cent Aguire (1%) 3854 Cerro de Pasco (2).. 3% Certain-teed Prod 23 Certain-teed P pf... 37% Ches & Ohio (2.80). 36 Chesap Corp (3). % Chi Gt Westn (k) 1% Chi M1 StP&P.... 2 ChiMilStP&Ppf. 2% Chi & Northwestrn. 4% Chi Pneumatic Tool 11; Cht R I&P 6% pf (k) 1% Chi R I&P 7% pf (k) 251 Chickasha C O (’). 3% Childs Co...... 31 Chrysler Corp (l). o 20 City Ice & Fuel (2).. 87 City Ice& F pf 6% .. % City Stores (k). % %City Stores ctfs 13} 281, 243 Cluett Peabody (1). 1803 1617% Coca-Cola (8) . 18% 163 Colgate-P-P (5 15% 9 Collins & Afkman... 2812 5 Colo Fuel & Ir pf(k) 19% 10% Colo & South....... 15 7 Colo & Sou 1stpf... 7% 3% Col Gas & Elec.. .. 59% 35%ColG& EpfA (6).. 51% 31 ColG&EpfB (5).. 45% 341 Colum Pio vtc (m1). 79% 67 Columb Carbon (4). 47% 39% Comcl Credit (2)... 57% 52% Comcl Credit(A)(3) 32% 29 Comcl Cred pf (1%) 113 109% Comel C 1st p£(634) 621 56% Comcl Inv Tr t2%. 237 17% Comel Solv (185¢).. 1% % Comw & Southn.... 405 29% Comw & Sou pf (3). 7% 6 Conde Nast Pub.. 27 Congoleum-N(1. 60). 9 Congress Cigar..... 23% Conn Ry & Lt (434). 41 Consol Film....... 18 Consol Film pf (j2). 157% Consol Gas N Y (1). 72% Consol Gas pf (5)... 115 Consol Laundries. .. 612 Consol Oil (h42¢)... 15 Consol Textile. ... 9% Container Corp (A): 3% Container Corp (B). % Cont] Baking (B)... 46Y% Contl Baking pf (4). 62% Contl Can (2.40) ... 7 Contl Dia F (a16c. 28% Contl Insur (1.35). % Contl Motor: 15% Cont O(Del): 41% Corn Ex Bk&Tr (l). 62 Corn Prod Ref (3).. 35% Cream of Wht 13%. 12% Crosley Radlo... 23% Crown C& S (1). 43% Crown C&S pf (2.’ ‘Ifl) 3% Crown-Zellerback. . 40% Cuban-Am Sugar pf. 41 Cudahy Pkg (2%). 6% Curtiss Wright (A). 16 Cutler Hammer. ... 7% Davega Strs (al0c). 23 Deere & Co. 19 Deere&Co p! 24 Delaware & Hudson 11 Del Lack & We: 26% Diamond M (1134) 3434 Dome Mines (2)...- 8% Dominion Strs(1.20) 171% Douglas Aircraft. 6% Dresser Mfg B .. 3 Dunhill Internatl 107 104 Duquesne ———— 3% Bastern Roll Mill; 29 % 110% 107 Elec Auto Litepf 1. 6% 3% Electric Boat. o 35 4% - 5 B o O e W 38% + W 102% 1% 4 [ 641 + % 4% - 815 + 15 39 -1 21 -w 21% + % 3705 + 1 110% + = 15 -1 65~ % 3y -3 o S I PR T 2 13 " a3 - 3 o S & 38% + %W 91 43 -1 % -4 x 35 Central RRofNJ.. - LI - Iy 'Y - B52-Be L+ + FEEE P ++++1 141 FEIE EFES [ - 3 li F R F *F ¥ SRFERS -3 & HONRHHE NHHOENE CRA - BruBwarnanpnn 86% 1 128% 1284% 1308 1043 104% 1 4% 4% 4 117% 116% 'l 11'/. 11% 100' 11‘0‘? lofli 110% #l% W M+ e 15 Indust. Rails. Net change =1 Month ago . Year ago . 1835 1935 1934 1934 1932 1929 1927 Prev. ;935 Stock and High. Low Dividend Rate. 8 6% Elec & Mus Ind.... 1% Elec Pwr & Light.. 215 Elec Pwr&Lt $6 of.. 3 Elec Pwr&Lt $7 pf. 40 Elec Stor Bat (2%). % Elk Horn Coal (K).. 130% 125% Endicott-John pf(7) 5% 5 Equit Office Bldg... 14 T%ErleRR...... 125, 10% Eureka Vac Cl(lfle) 23% 16'% Evans Auto (a75¢). 1 Falirbanks Co.. 4'% Fairbanks Co pf. 711 Fairbanks-Mrs pf. . 4 Fed Motor Truck. .. 7 Fed Water Sve (A), 17 Fed'd D Stores (11). 2812 Fid Ph F Ins(11.35) 121; Firestone (40c). 877, Firestone pf A (6 2% Follansbee Bros (k 20% Food Mach (a25¢c).. 974 Foster- Wheeler. 83 Fox Fiim (A). 35% Franklin Simon pf.. 26 18% Freeport-Texas (1). 120'4 116% Freeport-Tex pf (6) 2% 2% 9% T 384 187 9% Th 3% 27 134 25% 1 GabrielCo (A)..... 8 Gamewell Co.. . 512 Gen Am Investors. . 325 Gen Am Trans(1%) 11% Gen Asphal T3 Gen Baking (60¢).. 5% Gen Bronze. 214 Gen Cable. 19 Gen Cable pf 1271 Gen Cigar pf (7)... 20% Gen Electrie (§0¢). . 11% 11 Gen Elec spec (60¢c) 3515 324 Gen Foods (1.80)... % 1% Gen Gas & El (A). 65% 597 Gen Milfh (3). 34% 26% Gen Motors (1). 113 107 Gen Motors pt (5 2% 1'x Gen Public Service 30 15% Gen Ry Signal (1).. 1% ' Gen Realty & Util.. 19% 15 Gen Real&U pf ww.. 20% 16% Gen Refractories 197« 16' Gen Refre cctfs.... 15% 12 Gillett Saf Raz (1) 701; Gillett Saf R pf(5). 21y Gimbel 5ros 23% Glidden Co (11.30) 23 Gobel (Adolf).... 15‘1 Gold Dust (1.20) 712 Goodrich (B F) . 40~ Goodrich (B F) pf. 15% Goodyear T & R. 3 Gotham Silk Hos 1% Graham-Paige 5% Granby Consol 214 Grand Union.. 17 Grand Union pf 1%. 291 Grant (W T)(11%). 9%, Great Northern pf. . 9% Great Nor Ore (50c) 26% Grt West Sug (2.40 3% Hahn Dept Store: 70'- 55 Hahn Dpt Stores pt Tly, 47 Hall W F Printing. 16 Harb Walker (1). 515 Hat Corp (A).... 3% 1% Hayes Body....... 77% 71 Hercules Pw (13%) 1077% 104 Hershey C pf (15) 36% 307« Houd-Hersh A (2). 9% 6'3 Houdaille-Hersh B, 49 House Fin pf (3‘/.). 91 Houston Oil. ... 13, Houston Ol (new) s 43 Howe Sound (3)...3 814 Hudson Motor Car 1% Hupp Motors, 7 33 INlinots Central. 25% Indus Rayon (1.68). el 18.7 19.1 246 310 Sales— Add 00. High. Low. 67% 1% 4 130‘/: 8 108% 0 30O 10 1 b e 27998 11% 13 B R R P S N T T T L o BR8a e o €915 ~109 19 = 89 1 1t 53 1 S b B0 15 60 'Util. Stocks. -2 217 219 24.1 349 266 216 406 242 239 184.3 618 67 1% 4 4% 39'/: K 130‘/’ 7, 108, 1% 1 4% 8614 3% 1 30 14 -5 347 35.2 40.1 45.5 41.6 348 51.4 349 16.9 157.7 618 6% — l‘)\- “-+ ‘- 0 % 1301 5 8 10% 1% 1 4% 897 4 R BNE B 40% Nat Steel (11%) 9 Nat Supply Co. 8% Nat Tea (60c) 431 Newberry(J J) l'n. Newport [ndustri )i N Y Central R R. 91/..1‘ Y Chi &St L p: 122 112 N Y & Harlem (5).. % N Y Investors (k).. 2, N ¥ N H & Hartford 6 N YNH& Hart pf. 2% N Y Ontario & West 5% N Y Raflways pf... 6% N Y Shipbuilding. .. 303 Noranda Mines (h2) 99 Norf & West pf (4). 2 North Am Aviation. 9 North AmCo (1)... 57 North Am Ed pf (6) 21% 13% Northern Pacific. .., 10% 9% Ohio Ofl (h45e).. 5% 3% Omnibus Corp. . 155 125, Otls Elevator (§0¢). 7% 4% Otis Steel. 90% 80 Owens-Ill Giass (4) 14% 23% 7 5% 4% 3% 1% 11 17% 121 15 13% PacificG& E (1%). 20 Pacific Lighting (3) 70 Pacific Tel & Tel (6) 315 Packard Motor..... 21, Par-Publix ctfs 2! Park Utah. " Parmelee Transport 3 Pathe Exchange. ... 1215 Pathe Exchange(A) 81 Patino Mines. 1% Peerless Motor. 5% 3 Penn Dixle Cement. 74 64% Penney (J C) (2).. 110 108 Penney (JC) pt (§) 25% 17% Peun R R (1) 36% 30 Peoples Drug s (1). 16% 12% Phelps Dodge(h75¢) 4% 2 Phila& ReadC& 1. 35% Philip Morris (1)... 7 Phillips-JonesC.. .- 60 Phillips-Jones Cpf7 13% Phillips Petrol (1), 4, Pierce-Arrow (k) % Blerce Oil. % Pierce Oil nf. 31'\ Pillsbury Flour 1. 60 s' Plymouth Oil (1) Poor & Co (B)...... l". Porto Ric Am Tob A 814 Postal Tel & Ca pt.. 1Y% Pressed Stl Car (k). 42% Proc & Gamb (13%). 20% Pub Serv N J (280) 73 Pub Sve NJ pf (6). 85% Pub Serv N J pt (1) 41': Pullman Ine (3).... 6 Pure Ofl. 61 50 Pure Ofl pf. 10% 8% Purity Bakeries (1) - 5% 4 Radio Corporation. 6212 50 Radio Corp pf A 3% 4573 35% Radio Carp pf (B).. 2% 1% Radlo-Keith-Or (k) 11% & Remington-Rand... 757 70 Reming-Rand 2d pt 3% 2% Reo Motor Car. . 15's 9 Republic Steel. 49, 29 Republic Steed nf... 51% 46': Reynolds Tob B (3) 26 217 Roan Antelope Ltd. — 46 37 Safeway Stores(3). 110 104% Safeway Strs pf (6) 1127 110 Safeway Strs pf (7) 2 1% StL'SanFran (k).. 213 1% St L San Frpf (k). 281, 22 Schenley Distillers. 2 Schulte Retail Strs. 101: Schulte Re Strs pf. 20% Seab'd Oil(Del)(11) 31 Sears Roeb'k ( 7% Servel Inc. 9 Sharon Steel Hoop. 3% Sharp & Dohme. ... 71 Shattuck(F G)25e. 6%« Shell Union Oil. . 6412 Shell Union Oil pf.. 6 SimmonsCo....... 13% Simms Petrol (1)... 615 Skelly O1l 167, Snider Packing.... 11 Socony-Vac (60¢).. 20 Sou Por RicoSug(2) 10% South Cal Ed 1%).. 127 Southern Pacific. .. 7% Southern Railw 10 Southern Rwy pf 46 Spalding(AG)1st pt 33 Spencer Kellog 1.60 7% Sperry Corp (25¢).. 33% Spicer Mfg pf (3).. 100 = b 8 4 204 @ ] [P P PR VIS O T Yoty dl'a 4% 9% 8% 48% 48% 5 13 11% 9% 8% 4% 125% % 3% 6% 3 1% -1 115 1156 1156 +2! 41‘/. B 9% 8% — 48% - 5 12% - 1% — % + b+ % 2Y% 1% Superior Ol 9% 5% Superior St % Symington — 5% 4 Tennesses Corp.... 21% 16% Texas Corp (1). 36% 303 Texas Gulf Sul (2).. 11 8! Tex Pac Land Trust 19% 15% Thatcher Mfg (-zs« 7% 5% The Fair. 4% 21 Thermotd Co. . 17% 13% Thompson Product. 3's 1% Thompson Starrett. 10 7% Tide Wat Asso Oll.. 103'4 100 Tide Wat Oil pf (5). 45 Timken-Detroit. ZB\ Timken R B (1). 47 Transamerica (25¢) 17% Tri-Contl Corp..... 434 Truax-Tra Coal . 315 Truscon Steel. ... E 18% Twin City R T pt. 110s 2% 1% Ulen & Co. 1 129 127 Underw-E-F pf (7). 49 44 Un Clrhlde&C 1.60.. 16% 14% Un Oll of Cal (l)... 111% 83 Un Pacific (6).. 26% 20% Un Tank Car (1. 20) 15% 9% United Alrcraft. 67 4'z United Air L vte 26'; 237 United Bise (1.60. 53% 46 United Carbon 2.40 3 114 United Corp. 29% 20% United Corp p! 13'% 9% United Drug.... 81 171% United Fruit (3) 12% 9% United Gas Imp (1) 87% United Gas 1 pf (5). 2 United Pap'b'd (k). 21 United Pce D W 1% U S Express 413 US & For'n S 11 USFreight (1). 40'; U S Gypsum (1) 143 U 8 Gypsum pt (7). :w. U S Ind Alcohoi (2). » U S Leather.... 7'/: U S Leather (A) 14% U S Pipe & F (50c) . 19% U S P&F 1st pf 1.20. 3 U S Realty & Impr.. 9% U S Rubber.... 241 U S Rubber 1st pf. .. 4106'% U S Smelt & R (h9). 62% USSm&Rpf(3%4). 4 United Stores (A).. 48'2 United Stores pf... 1% Univ Pipe & Rad... 12 Univ Pipe & Rad pf. 1 Util Pwr & Lt (A).. 1% ’: Vadsco Sales Corp. 21% 13% Vanadium Corp.... 37 34'x Vick Chem (12.40). 4% 2% Va-Car Chemical... 91 72'; Va El & Pwr pf (6). 715 41» Waldort Sys (h20c) 31 27% Walgreen Co (m1). 116’5 114 Walgreen pf (6%). 3% 1% Walworth Co...... 1% 1% Ward Baking (B)... 4% 2 Warner Bros Pie. s Warner-Quinian. 2!; Warren Bros. .. 4 Webster Eisenlohr 301 Wesson O & S 11% . West Pa Elec pt (6) 397, West Pa Elec pt (7) 104'; West Pa Pwr pf (7) 3 Western Dairy pf B 513 Western Maryland. 13, Western Pacific. ... 2% Western Pacific pf. 20% Western Union. ... 181, Westingh'se AB 60c 324, Westingh’se Elec. . 10% Weston Elec Inst. . 29 Weston Elec A (2). 461 Wheel Stl pf (j50¢) 674 White Motor. . 18% White Rock M S (2) 1 Wilcox Oil & Gas... 47 Wilson & Coal2%c 68 Wilson & Co pf (6).. 51 Woolworth (2.40).. 11% Worthington Pump 25%; Worth Pump pf A.. 351 Wright Aero....... 3% Wrigley(Wir)t3%. 524 9% 24 177 Yale & Towne (60c) 41 2% Yellow Truck..... 21 18% Young SphW'llA 21% 13 Youngstown S&T.. % 119% s — % +1 B % 184 1% 20s 130% 9 45‘. 1% 3 21 19 32% 33% — % 10 -% -1 25% —13% 35% — 3 741 195 +1% 23, 18% + 1 13% = % 541; Spiegel-May-Stern. 15 Stand Brands (1).. 215 Stand Com Tobacco 4% 3 ZoniteProducts.... 1 3% 3% 3% = % 70% 601: Ingersoll-Rand (2). 55's 48 Inland Steel (1).... 83, Interboro Rp Tr(k) 161’, 149% Int Bus Mach (p6). 6% 3% Int-Carriers Ltd 20e 3 2274 Int Cement (1) 341 Int Harvester (60c) 13 Int Hydro Elec (A). 22% Int Nick Can (60c). 1% Int Paper & Pw (A) ' Int Paper & Pw (C) 4'; Int Paper & Pw pf. . 981z Int Print Ink pt (6) 5% Int Tel & Tel. . 9% Interstate Dep! 57 49 Jewel Tea (3). 57% 38% Johns-Manvill 125 117% Johns-Manv pf (7). 73 55 Jones&Laugh 7%pt. —_—— 10 714 KaufmannDeptS40e 19 15% Kayser(J)& Co 60c. 2 7 Kelly-Spring T (k). 6 Kelsey-Hayes (A).. 31 Kelsey-Hayes (B) 14% Kelvinator (+70¢) 90 Kendall Co pf (6)... 13% Kennecott C (60¢).. 4 Kinney (GR) Co... 267% Kinney (G R) Co pf 312 Kresge Dept Strs. 19% Kresge (SS)(1). 23% Kroger Gr&Bk 1.60. 12% Laclede Gas St L. 26% Lambert Co (3).. 814 Lee Rub&Tire (50 1% Lehigh Valley Coal 6% Lehigh Val Coal pf.. 5 Lehigh Valley R R. 68 Lehman Cp(12.65).. 17% 15% Lehn & Fink (134). 32% 23% Lib-O-Ford G1(1.20) 107% 102 Ligg & Myers (15) . 1091 102 Ligg & Myers B(15) 19% 16% Lily Tulip Cup(1%) 30% 24 Liquid Carb (11%). 36% 31% Logw's Inc (2). 104% 102 Loew's Ine pf 1% 1 LoftInc....... 2% 1% Long Bell Lum ( 215 19 Lorillard P (12.20). 14% 10% Louisv GEE(A)1%. 47% 37% Louisv & Nash (3).: 18% 13 Ludlum Steel. 46 32 13 12% 69 45% 8% 45 15% 281 44% 22% 22 51 21 12% 2% 12 11% T4% 40 MacAndrews & F 13 28 McCall Corp (2).... 7% McCrory Strs A (k). 7 McCrory Strs B (k) %4 McCrory Strs pt (k) 365/- Mclntyre Porcu (2). 6% McKesson & Rob. 37 McKesson & Rob pf. 9% McLellan Stores (k) 2114 Mack Truck (1).... 35% Macy (R H)& Co(2) 18% Magma Copper (2) .. 13% Man Elevm g (K)... 4% Marancha Corp.... 5% Marine Midld (40c). 6% Marshall Field..... 23% Mathieson Alk(1 37 May Dept Str (1.60) 5% Maytag Co...ooecee 33 Maytag pf ww (3).. 3 Mengel Co..... 2414 Mesta Mach (1 %l .. 60% MidI'd Stl 1st pf(8) 3% Minn Moline Pow. .. 2% Mo Kan & Texas... 6 Mo Kan & Texa 1% Mo Pacific (k) 1% Mo Pacifis pf ( 10% Mohawk C M (h! e) 55 Monsanto C (1).... 21% Montgomery Ward. 3 Mother Lode. 17% Motor Products 36% Mullins Mfg pf..... 14 Munsingwear Inc. - 4+ 4% Murray Corp. —_— 19% 12% Nash Motors (1). T4 4% Nat Acme Co. 8% 6% Nat AviatioR..ccee 30% 25% Nat Biscuit 23).... 146 141% Nat Biscuit pf (1).. 18% 13% Nat Cash Reg A 600 17% 14% Nat Dairy Prod 1.20 4% 1% Nat Dept Store (k' 5 34% 17% Nat Dep 8t 18t pf(k), 204 24% Nat Distillers (60c), B N L A 6 395 60587119% 20s 53 llOl % | these having decreased earnings, two FEEFIEF @ 8 e 00 B O1 0O N0 N 001 00 0O MO O O D00 00 T N0 03t bt bk b i G TN &P F EE » o) @ Prwe orsureiBonSan U+ % 12% - % 1 l“% 1:3% 143% + % 60s 68 27% 26% 27% Stand Oil of Cal(1). +111 Stand Oil Exp pf(5) 23 Stand Oil of Ind (1) 36 Stand Ol N J(113%) 58% Sterling Prod (3.80) 36 Sterling Secur cv pf 91, 6% Stewart-Warner... 11:00 A.M 00 P.M Divigend 1 +H+1010 | declarations s Unit of trading 9% in stock b Paid stock” e Bavanl, inc ftock. ‘e P ividenas 7'k compa, ganized m Plus b % | in stock 2 ‘13’- 23% L4100 1 2 n X Ex-didivena Sales of Stocks on the New York l:chu( 230,000 400,000 12:00 Noon. 2:00 P.M ven in the above table are the annua: ate: e cash ‘Dasments based on the latest juarterly or halt-yearly less than 100 shares tPartly extra last year—no rezular rate b P b of stock, 1 Pl 3Prs this s Dorted in receiverchip or belnf reor- Plu; In stock. o Blus 3% in stock s 2% | EARNINGS CLIVB IN 31 INDUSTRIES United Business Discloses | Twelve Made Poorer Showings in Year. Special Dispatch to The Star. BOSTON, March 18.—From a study of over 400 corporation reports for 1984 issued to date, the United Business finds Improvement in 31 out of 43 leading industries. In 23 lines of business, which showed aggregate net profits during both the last two years, increases were reported in 1934; four recorded profits last year, compared with losses in 1933, and four other, reduced deficits. Twelve industries fared worse in 1934 than in 1933, nine of going into the red and one showing a larger deficit. Aggregate earnings of all companies reveiwed increased 22 per cent in 1934. Sixteen industries, however, showed better results than the aver- age. These are advertising, printing and publishing, auto accessories, building supplies, can manufacturers, coal mining, credit companies, de- partment stores, drug chains, elec- trical equipment, household equip- ment, mail order, nonferrous metals, office equipment, petroleum, rubber and tires and tobacco. Excellent earnings _ improvement was also shown by machinery, motion picture, radio and restaurant chain companies, which had aggregate net profits last year, compared with defi- cits in 1933. Four other industries, agricultural equipment, aviation, rail- AENWIIIIWL LT ] T N JAN FEBMAR APR MAY JUN JULY AUG SEPT OCT NOV DEC road equipment and steel and iron, reduced their deficits substantially. Food (except meat packing), textile, railroad and utility industries fared the worst in 1934, according to the United Service's survey. New York Cotton By the Associated Press. NEW YORK, March 18.—A brenk. from $2.20 to $3.00 a bale in the cot- ton market today was attributed to a renewal of general selling. May broke to 1030, or within 5 points of last Monday's low level, while other months made new low ground. Octo- ber sold off to 10.05. The market rallied on trade buying and covering and, while fluctuations were nervous and irregular, prices re- covered about 20 to 23 points f the lowest. May sold around I in the midafternoon market. Liverpool Quotations. [VERPOOL. March 18 (#.— Cotton, 9.000 bales. including 1.600 American. Spot. small business done: nrices 10 points lTower: (quotations in e) American strict zood middling. 6.90: " Go0d middling. 6.69: strict middling, 6.54: middling, 6.39: strict low middling. 6. low middunx 5.99. mct good ordinary. good Futures clos May uly. 69; chembrr 395%: *January. MONEY MARKET. NEW YORK. March 18 (#.—Call money steady: 1 per cent all day. 3 Time loans steady; 60 days-6 %Al per cent. . Prime commercial paper. %4 Kets' a unchanged: 10 ‘months. months, . hate . 115 per cent. MONTREAL SILVER. MONTREAL, March, 18 (¥ —Silver fu- {ures opened frm Mazc 59.50b; Ma: S8 S5e Tuly. B0-i0b: “SeDiember. "60.60b. b—lld e Central R. R. of New Jersey—Jan- uary net loss was $204,829 vs. net in- come of $279,049 in January, 1934. INSURANCE STOCKS NEW YORK. March 18 # —N Security Dealers’ Association A YOl’k Aetna Cas (213a) Aetna Fire (1°60 Actna Life (fific) Carolina (1.10a) | Conn Gen Lif (Suc) City of New York (5%} & Deo (! hrlmcrs Ins & Rut Great Amer 1) Humnx (90c) Wash (1) St Pnul Fire (8) Springfleld (412) Sun_Life 'n.velen {16y U S Fire (1.40a) wmchexler (1.10a) n—lncludmx éxtra &—Declared or rnud so far this year. FOREIGN EXCHANGES. NEW YORK. March exchange irregular: x"n‘:s others in cents. 18 (P —Foreisn Great Britain in dol- Great Britain, de- +: France demand. .0 ¢ l(lly demand. 8.30%; bl‘ K Demlndxvxfllmm s, al, 4 (k}rtcce echoslovakia Yugosla: . 18850 Humm e 180¢ HEw York im Monimeat o1 1355 n—Nomiual. ontreal. To1 1374 CBUDE OIL PRICES. ‘Texas. $1 flat; Louisis '.5.‘."-’%&“-‘."'.#&;‘ § s to an $1.14: West Texas lflenmln basin). and " 73c flat: Seales 1o sic dane, e Rocky Mountain are: '""" il ; ll’ a—Salt Creek, Wyo.. Eastern — ennsylvlnh grade (Brad- ford-Allegan 35 - west. Pznmylum. fines a8 §52d% n South in s $1 jame grade in ng Buckeve lines. $1. rning, $1.37. METAL MARKET. NEW YORK. March 18 (# —Copp uiet: electrolytic spot and future Biie agle. 9.00. Tin weak: spot and nearby, 46.15; futures. 45 80. 'Tron quiet. N ob. Eastern Pennsyl\lm- E falo, 1X50; Al 4.50. 8Pot New York. 1.90; East St Louis, ch dull: East Sl Louis nd fumre 90, Aluminum, “19.0 Anti- 14.50. . 72.508 BANK DIVIDEND ORDERED. BALTIMORE, March 18 (#)—Pay- ment of a dividend totaling $105,000 to the depositors and creditors of the closed Chesapeake Bank was author- ized today by Judge J. Frank Sup- plee, jr., on a petition of State Bank Commissioner John J. Ghingher as receiver, The payment is the third distribution to the depositors. Losses of One to Two Points General Before Prices Are Steadied. By the Associated Press NEW YORK, March 18.—The stock market was lifeless and in a reactionary frame of mind today. Handicapped by disquieting de- velopments in Europe, hignly une settled foreign exchanges and com- modities, leading shares were so sensi- tive to small selling orders that de- clines ranging from 1 to 2 points were general before the market steadied a trifle during the afternoon dealings. Heaviest losers included American Telephone, U. S. Steel, Montgomery Ward, General Motors, Bethlehem and Columbian Carbon Public Service of New Jersey and Consolidated Gas were Tesistant. The late tone was easy. Transfers shares. Stocks slid off 1 to 2 points in sev- eral leading issues in the earlier deal- ings, and although selling soon sub- sided, they showed virtually no re- cuperative power by early afternoon. United States Steel, Bethlehem, American Telephone and several othgrs touched new low levels since 1933. Cotton was depressed by another flurry of selling from Europe, and grains were pulled down at the start, but most of the staple markets re- covered part of their losses as trading progressed. News of a French loan to Belgium reversed the recent flow of funds from the continent of Europe to London, and gold currencies rallied while the British pound and related monies slumped, with a depressing effect upon American commodity markets. Most Wall street quarters felt that the partial aid to Belgium only plug- | ged one of many holes in the gold tloc dike, and failed to provide any convincing indication that FPrance and her economic allies could in- definitely avoid devaluation Armement activities in Europe failed to give birth to any “war ba- bjes” in the New York Stock Mar- ket, for the campaign to take the profit out of war has dampened hopes that another conflagration in Europe would make a new crop of millionaires in the United States. Not since the Japanese shelling around Shanghai a couple of years ago have airplane, powder and such securities pushed upward in the New York market. Wall Street’s hopes are no pinned or peacetime prosperity. Week end domestic business surveys were re- garded as about a stand-off. and some traders still feared that the Spring peak of industrial activity had al- ready been seen. Merchandisers, | however, thought the best Easter | trade in recent years was in sight. DIVIDENDS ORDERED BY FINANCE COMPANY Special Dispatch to The Star BALTIMORE, March 18.—The Fi- nance Co. of America, at Baltimore, | has declared the regular quarterly | dividends on the various classes of | shares outstanding, payable April 15 to stockholders of record April 5, as follows: 433; cents on the 7 per cent preferred, 834 cents on the class A preferred and 10 cents a share each on the class A and class B common stocks. approximated 620,000 LEAD PRICE ADVANCED. NEW YORK. March 18 (#).—The American Smelting & Refining Co. today advanced the price of lead of a cent to 3.60 cents a pourd. Let Death Take A Holiday Of course, if you insist upon thinking of spring in terms of winter or of joy in terms of sorrow—or, let us say, of life insurance in terms of death— there is really nothing we can do to prevent it . . . But we'd rather you wouldn’t. We think of life insurance as life insur- ance, with all that the name implies. Freedom from worry. A comfortable old age. A guaranteed estate. In a word, the comforts of life. . . Per- haps that is one reason why this seventy-year-old mutual company, with nearly one billion dollars of insurance in force, numbers among its policy owners many a wise business man who regards life insurance as the investment opportunity of a lifetime. Yes —life insurance is very much alive. Let death take a holidayl HERBERT 0. McLEAN & Assoslates 318 Southera Building Washington, D. . PROVIDENT MUTUAL