Evening Star Newspaper, March 18, 1935, Page 16

CURB LIST MOVES 0 LOWER LEVELS Declines Range From Minor Fractions to a Point in Quiet Trading. By the Associated Press. NEW YORK, March 18.—The curb market continued to work lower to- day. ! With few exceptions losses ranging | from minor fractions to a point were | well scattered throughout the list and embraced such fssucs as Aluminum Co.. Distillers Corp.-Seagrams, Hiram Walker, Lake Shore Mines, Peppereil and United Shoe Machinery. Parker Rust Proof, American Gas and International Petroleumm were the most prominent issues gaining a trifie. Trading was dull throughout the day. BONDS ON THE CURB MARKET. DOMESTIC BONDS H Alabama Pow ; Alabama_Pow Am El Pow Gs Am G & Pow 5s Amer G & Pow s AmerRP&vav ) Cent Cent Me m\ E, 10133 1013 T aomd e P, Emp Dist Bl Emp OSR Mass Gas Mass Gas Minn G&Lt & Minn P & L Narraganselt ; H43g 4 (u3s 100% 100% 0% 103 3 i 1 1 1 : 1062 106% nm 'y 1 1 104 104 ° 104 10124 10134 1013 103 10 10613 x4 & 100t 100% 1007 Lo Sou Calif Ed South N G Eouw GAE Stand G&E 65 Stand P&L s 10013 ]m\' qu‘ 10012 10012 10013 63" ‘63 w Westve ol Wis P Ser A 102 FOREIGN BONDS 101 xnf\\'l(hnul rant wi—When issued. ll (stn)—Stamped Negotiability impaired by maturity. tCompanies reported in receivership SHORT-TERM SECURITIES 101 10012 1 L& Eni: Nortiwest Colorado & So Delaware & Hudson & Rio Gr 4725 Edison EL. Tum. 45 1 Service 3 Lehieh valley Dom Lousvule & Na o Rep. Iron & Steel 5 Sinclair Cons. Oil 7s Yenadium Corp. 55 19 Wabash Rwy. Co. Waraer Bros. s 1830, U. S. TREASURY POSITION. By the Associated Press. The position of the Treasury on March Receipts for March expenditures, balance, $:.085.679.909 8 fomz veceists for the month 31 052 Receipts for the fiscal vear (since July 1) XDen 34.- mclud)u( B Excess Gold 15514 Today's unusu: and expenditures was occasioned by refunding operations as of March 15 Receipts on the public debt amounted to 032.800. while expenditures for, the zame account totaled $1.455.139.180.75. Alabama Great Southern Rallroad January net loss was $36,086, vs. net income of $27,097 in January, 1934. es. 56 Fok Iy heavy receipts | Childs Co pf. . Stock and ll jep— Agfa Ansco (p%). Arr investors, ine 1 Ala Pwrpt (7)... 308 Allied Mills. Inc.. 3 Alum’n Co of Am. 200s Alum'npf 1%).. Am Cities Pwr & Light A (3) Am Citles Pwr & Lt B (k10c) Am Cynam(B)40¢ Am Founders. ... Am Gas & EI 1.40. Am Lt&Trac1.20. 3 Am Maize P (k2). 50s Am Maracaibo.... 1 Am Superpower.. 35 Am Sup'pwr 1st pt Arcturus Radio T. Armstr Cork (50c) Art Metal (k25¢).. Asso Elec Indus Ltd (k10 3-5¢) Asso Gas&El (A). Asso Gas&Elec pf Atl Coast Fisher . Atlas Coit 1 AtlasCorp war.., 2 Aunto Vot Mch 50c. Fisher(A)3.20 2 13 1 8 1 30s Bickford's. Ine(1) Bliss Co (K W)... Blue Ridge Corp. . Blue Ridge pf(a3) Brill Corp (B). Buckeye P L (3), Buftalo Niag & Eastpt 1st pf(5) Bunker Hill&Sul. 200s Butler Bros s Cable Radlo vte. . Can Indus Alco A. Can Marconi. ... Carrier Corp. Catalin Corp. Cent States Ele Chesbrough 1615 . Chi Riv&M (1%). 1 10s 11 Cities Service. ... Cities Service pf. . Cities Service (B) Cleveland Tractor Colon Oil Com’'with Ed 4). Comw!th&So war. Como Mine Cons Copper. ... Cons Gas of Balto (3.60) Cons Retail Stores Cont G&E pr pf(7)300 Cord Cerp... Cosden Oil (Me).. Court’lds(k28%c¢) Creole Petrol'm. Crocker Wheeler. Croft Brewing . Crown Cent Petm. Crown Cork Intl | (A) (m75¢) Cueno Press(1.20) Cusi-Mexicana M. weo =Rt w0 & EYPTTTeToery oo Dictograph Prod. . Distillers Crp-Sea | Eisler Slec Corp. . Elec Bond&Share. Elec BA&S pf (6). Elec Pwr As (40c) Electrographic Lquity Corp... Ex-Cell-O A&Tool Falstaff Brewery. Candy (131%¢) | Fidelio Brewery.. Fisk Rubber. . Ford Mot Can (A) (K134). Ford Motor Ltd. . Garlock Pack’g (1) Gen EI L1d rets (k30 1-5¢). ... | Gen Invest Corp | Gen Tire & Rubber 5 Ga Pwr$6pf..... 2 Glen Alden C 1% Godchaux Sug (B) Goldtield Consol. . . | Gray Tel Pay S(1)150s Great Atl & Pac Tea n-v (7). Greyhound (Del). Gulf Oilof Pa.... 14 4 | Hartman Tobacco 1 ’. 4% 13% 341 508 70 50s 2 & = 1381 13% 17% 208 124 52 % 8y private wire irect to The Star. Dividend Rate Add 00. I!lll\ lfi' clou u 4% 133 33y 70 Y- 4T% 134 334 70 29% 1 15% 157: St ol L) 46" 1 # 1381, 10% % 41 40% 3 614 1% | 6% 2014 1% | 48 5412 124 32 51 % % THE EVENING STAR, WASHINGTON, DG, Stock al Dividend Mll Add 0?‘ High. Low. 0!0;0 Hecla Minin 6 Heyden Chm t @ Hollinger G t76¢. . 1614 Hudson Bay M&S 1% Humble O] (1) 45% Hygrade Food. 2% Imp Ol Ltd cowp (180e¢)... Imp Tob Can (152%%¢). Insurance Co of North Am (2) Hydro Elec System cv pt Intl Petrolm (t2). Irving A C (p10e) 15°% Int1 Kingsbury Brew.. Kirkiand Lake Glo Kreuger(G)Brew. Lake Sh M (14)... Lehigh C&N(50e) Libby McNeill&L. Lone Star G(pl5¢c) Louisiana L & Ex. Brewens ~an » McWill'ms Dr (2) Mass Ut Asso (n). Mem Nat G (p10e Michigan Sugar.. Middle States Peum vie (B). Molybdneum. .. .. Mount State Tel & Teleg (8) m He e =TS 105106 106 11 at Pw&Lt pf ll) at Rubber Mach. Nat Sugar N J (2) Natomas Co(60c). NJZine (2)...... N Y Tel pf (6%). Niag Hudson Pwr Niles-Bem-Pond. . Nipssing(k12%c) Northn Cent Tex.. Northn N Y Util of (7)... Novadel Ag (2) Pacific Eastern. .. Pac Gas & Elec | 1stof (134) Pan-Am Air1)... Pautapec OIl. . Parke Davis 11.70 | Parker Rust P(3) | Penuroad Corp. . Penn Mex F k75c. Penn W & P (3).. | Pepperell Mfg (6) | Phila Co (80c) Ploneer Gold Mines Ltd (80¢) pitney Bo P (20c) | Pittsb'gh Forg.. Pittsb'gh LE(Z1%) Pitts Plate Gl (2). Premier Gold 12¢. Prop'ties Real vtc 100s | Prod Royalty 2%¢ 6 Puget Sound P& L$5pt. 20s Puget Sound P& L3$6Dt Pure Oil pf. . 10 51 Rwy & Lt Secur.. Ravethon Mfg. Ruberoid Co (1). Russeks Fifth Av St Regis Faper. | Salt Creek P (80¢) Schiff(The)Cot2). Segal Lock & H Seiberling Rubbe Selected indus. .. Selected Indus allotefs (3%). 5 Seton Leather. Shattuck Den .4in | Shenandoah | Sherwin Will (3). 1!\0! 87 | Sherwin-W pf (6) 2005113 | Smith (A Q) 800s 53 Spies-M-Spf(6%) 502 90 Sonotone Corp. 2 in South Am Gold & Plat (40¢) Southn Calit EdpfC(1%) 3 Stand Inv cum pf. 150s | Stand O Ky (11%) 11 3% 1% 12 19 : | Stand Oil Stand Pwr&Lt. Starrett Corp p: Stein(A)&Co p25: Stein Cosmet (r). Stuts Motor. .. i Sullivan Machine. lfl Dear Miss Stuart: But in time they’ll develop teeth. Sincerely, LORILLARD COMPAN (BST4BLISEED 1760) P.S.:=0ld Golds never bite the throat that smokes them, because: No better tobacco grows than is used in Old Gold. And it's pure. Easy on both the throst and nerves. 4 NEW YORK CURB MARKET | | i Technicolor, Inc. . Stock and Dividend Rate. 444 60 Hin Sunshine (30¢c)... 58 13% Swan Finch...... 1 24 Swift & Co (17! . 12 16% Swift Intl (2 5 32 2 23 8 4 5 15% w Close 2% 12% ‘Tampa Elec (2.24) Teck Hughes(40¢c) Texas Gulf Products(b10%) Trans-Lux Daylite Picture Sn (20e) Tri-Contl Cp war. ‘Tubize Chatillion. Tubize Chatill(A) 3 2% [ 3 12 Union Gas of Can Unit Founders. .. Unit Gas Corp.... Unit Gas Corp pf.. ¢ Unit Lt&Pwr (A). % Unit Lt&Pwr pf.. 3 Unit Shoe M(143% U S Fol (B)(60c). Unit Stores vte... Unit Wall Paper.. Unit Verde Ex 400 Utilities Pwr&Lt. Uulities P&L pf. Utility & Indus pt T1% 10t | | 84 4 1 2T & 60% | 77» ‘A Walker (Hiram).. Wenden Copper. .. Western Auto Supply A (3) Westn Pwr pt (7) 23s Wright Harti6le) 11 Divideno rates in dollars quariely semi-annua 1Partly elul iPlus Yo s Payabie in casp or stock 1Plus 6% 1In stock g Plus 6%\ T 0%ock | T Pavaple n scrip 1 Plus | in CUck |k Pala iast year—no reguiaf rate. m Accumuiated aividends b Plus 10% 1n SLCCK. D Paid this year—no regu- lar rate. r Companies reported in receiver | ship or being reorganized °*Stocks xull:‘ iisted on the Curb Exchange; ntnern are | Gealt tn as uniisted issues. x Ex dividend | 4 Tote 91y CHICAGO LIVE STOCK. CHICAGO, March 1¥ & (United States Department 01 Agricultur Hogs, 1.~ 000, inciuding 4.000 direct: slow. wéak to 200 PRty welini i | R.5080 sliughter | Packing Sow s 1t 0a and. chotce. 140-160. ibg, | light_weight. 160-200 1bs.. 8 medium weigh 0 lbs. 0108 | heav Dl 008 00d, . s00d and few good | lower: sots off more; bul eatly top around 1. slaughter cattie i and choice 550-300_1bs. medium. 5.25 common e . | ing in Brussels today: mon. steers, lambs falrly to "5 cenls and medium, :uo1 and choice. ins.. good and choice, Official estimated rece Cattle. 7,000, hogs, 11.000; 9,000 sheep. . REICHSBANK STATEMENT. BERLIN. March 1% otes on other banks advances i decreasea reased 4 n cecreased Nt.7 obligations increased liabilities decreased 10 gold holdings, N).456.000" Note coverage. 40 per cent Rate of discount, CYANAMID NET HIGHER. NEW YORK. March 18 (#).—Amer- ican Cyanamid Co. and subsidiaries reporled consolidated net income for | 1934 of $2.495,643, compared with §2,- 467,682 in 1933 - "Wont Bite! ... thats why | like Old Golds,to0” Those playful puppies of yours are too friendly to bite—and, besides, they couldn’t, even if they wanted to. Good tobacco, Miss Stuart, be- comes kinder with age. That is why Old Golds possess such rare mild- ness—such winning taste appeal. For we use only the choicest, sun-ripened tobaccos — tempered by time to a throat-friendly smoothness. # | mildly, | gold basis, d | «Coryz 4 per | EUROPEAN CRISIS TOTESTMARKETS Disturbing Situation Finds Speculative Initiative at Low Ebb. BY GEORGE T. HUGHES. Special Dispatch to The Star. NEW YORK, March 18.—It would be the height of temerity to attempt | financial markets of the grave news from Europe. Germany's decision to ! scrap the Versailles treaty and rein- | new disturbing element, into an already critical situa- tion, and the outcome cannot be fore- seen. A few things, however, it is well to bear in mind. The first is that so far | " as the New York stock market is con- cerned, the news comes at a time when speculative .initiative is para- | lyzed. There is no vulnerable account, | long or short, outstanding, and there is no trading interest to capitalize | unexpected developments Whether because of the strict regu- | lation to which the market is now subjected or for some other reason, | the volume of transactions has fallen almost to the vanishing point, and more than ever before the markel is an investment proposition. It follows that in all probability the verdict will be delayed or, if not, that it will be subject to revision The second consideration is that | stocks had already developed a de- clining trend before the Hitler an- rouncement of February and have given what the chartists like to call “a bear signal.” New lows for this year and last have | been recorded repeatedly If quotations were reduced to a many stocks would be found selling under anything seen in 1932. For this, domestic political conditions have been held responsible, although, of course, the potential threat to peace in Europe has never been entirely overlooked It all makes more difficult the | problem confronting the representa- tives of the European gold bloc meet- hazarding a guess, it makes more likely the sus- pending of the gold standard by the nation hardest pressed, Belgium. Cer- tainly it puts out of the question the stabilization which both the gold and the non-gold countries so urgently need. In normal times a threat to peace would be reflected in the foreign ex- changes more quickly than anywhere €lse, but now the exchanges them- selves are in such disorder that one can never be sure of the influences | which are back of any particular vio- lent fluctuation. oNorth Am e. Ir market closed firm M\,\mun Pacific R. R.—January net loss was $1.602.337 vs $1.161,385 in Januar: 1934. MONDAY, MARCH 18, 1935. EXCHANGE BALLOT BATILE RENEWED | Nominating Group Reported | Ready to Name Gay for Presidency. By the Associated Press. NEW YORK, March 18.—The fight over nomination to the presidency of | Prices have been mO\'-i ing downward ever since the middle | a net loss of | | the New York Stock Exchange—the | the present members—flared up sharp- | ly again yesterday with reports in well [}m.\r old firm of Whitehouse & Co., | would be named by the Nominating | | Committee. | Gay, in commenting on reports, said: “In answer to the question whether I | shall accept the nomination, if offered. '1 can only say that my decision must depend upon representations made by the committee and the advice of the | many friends who have evidenced an | interest in the present situation “However, I have at no time sought ! the nomination,” he added. At his home last night, Richard | Whitney, rounding out his fifth term as president of the exchange, said: “I | will not comment one way or another on the reports.” The constitution of the Stock Ex- | change provides for three open meet- | ings of the Nominating Committee at which candidates are suggested. The |last of these meetings is to be held | today and it is understood that the committee will reach a final decision { shortly thereafter. Nomination to the presidency of the exchange in the past has always vir- tually gssured the nominee of election, but this year it is a moot point in Wall Street circles whether the nam- ing of Gay might not lead to a stiff open contest for the office with the opposition headed by Whitney as an independent candidate Fcrmal announcement of Gay as a candidate would without doubt split Stock Exchange circles into two war- ring factions. On the one side would be the group. said by close exchange observers to be large, which favors a change to im- prove the public relations of the in- stitution. This wing of opinion has held for some time, and more vocifer- ously of late, that under the Whitney leadership relations with both the public and Washington have fared badly. On the other side of the fence are a substantial number of strong Whit- ney adherents. They insist he has done a good job in steering the ex- change through a trying change of re- adjustment under the New Deal. NEW YORK BAR SILVER. NEW YORK. March 18 (#).—Bar silver steady. unchanaed at 587q &, anecho r/“ ers :lm’[ ne Printers %611 Twerrrn Syreer Producers of Distinctive . Business STaTIONER QG 27‘Business CARDS lu us add power o Ligation PHONES DI 4868-4869 LOWER NET REPORTED By the Associated Press. revenues in 1934 were approximately | 2 $5,000,000 increase in operating ex- ings avallable for the common stock to drop to $2,940,706, equivalent to 25 cents a share on the 11,738,590 shares outstanding. Earnings in 1933 were | 51 cents a common share. W. T. GRANT CO. NETS $2.18 A SHARE IN YEAR 31, |8 prediction of the effect upon the | first such struggle within memory of A BY the Associated Press NEW YORK, March 18—W. T Grant Co. reported net earnings for | 1934 of $2,616,202, equal to $2.18 a | 1% | stitute military conscription brings a | informed Wall Street circles that|share on the capital stock, compared to put it | Charles R. Gay, partner of the 107- | with $3,347,175, or $2.80 a share in hw 11933, Never BY COLUMBIA G. & E.|, NEW YORK, March 18.—Columbia | | Gas & Electric Corp. reported gross\ wick-Balke-Collender Co, penses caused the balance of earn-| | delity Muturl Life Insurance Co | Walter Zemar Talbot, BRUNSWICK DEFICIT CUT SHARPLY IN YEAR By the Assoclated Press. CHICAGO, March 18.—The Bruns- today re- ported business last year resulted in a $3,000,000 in excess of 1933, but that | loss from ordinary operations of $353,- 726, a decrease of nearly 50 per cent from the loss of $675,443 incurred the previous year. Consolidated net sales were $5,390,- 973. an increase of 34 per cent over sales in 1933. INSURANCE TOTAL UP. NEW YORK, March 18 (#).—Sales of new paid-for life insirance of Fi- of Philadelphia in February increased 42 per cent over January, according to president. RUBBER .FUTUBES. NEW YORK. March 18 (@) ude rub- futures opened weak 3 lower, 10.51-35: July. 10.6 September, Known such shoe re-building as the new Fine factory standards—fac- tory - trained operators. Latest type fac- tory machinerv. Skilled treeing with correct lasts ta restore rizinal ~shape and style Lininzs a welts without charge. New laces with- “emt extra charge. TUppers polished & no extra charge. Every other little lhm( we can n extra charse. Dsnamic shines and Dynamic dves onlv are vsed. Latest fpray machines dveing SRR Finest sole Jeather only used Top - Grade * leather heels or rubher heel< of extra service quality, Free eall-and. * delivery s whils-von and G shoes Hahn store Extra-fast serv- | * ice on rush or- ere . . when needed. A club-like wait. 1Tk and & st NO EXTRA * CHARGE for all these extra services! Gloria Stuart, lovely star of “Gold Diggers of 1935” A Warner Bros. Musical CIGARETTE Before Dy namie shoe rebuilding such as we give vou simply couldn’t be gotten in Washington! machinerv—factory-trained ators — factory Skilled treei Electric Why Hahn 14-POINT <ervice? Phone or Leave at opened our Shoe Repair we new Shop, factory oper- STANDARDS! o correct Jasts! of wrinkles! with less than Newest n d ir be satish, 14th & G Sts. W hile-Y ou-W ait Service Service — DI. 5470 Any Hahn Store