Evening Star Newspaper, March 19, 1935, Page 19

FINANCIAL 'VENING STAR, WASHINGTON, SLUNP RECORDED BY BELGIAN BONDS Corporate Groups Uneven and Federal Issues Go Slightly Lower. By the Associated Press. NEW YORK, March 19.—Another sharp decline in Belgian lcans feca- tdred late trading on the bond market today. The domestic corporate divi- sion was mixed and U. S. Gevern- ments were a trifie lower. While only one of the four Belgian jssues listed was traded in, a decline of 53, points occurred in the 7s, which | broke par at 99'¢. The remainder of | the foreign section was steady with | gains of 1 to 2 points shown by Ger- man obligations. U. S. Government issues were 1-32d | to 7-32ds lower, but trading was dull. Among corporate bonds declining minor fractions were Frisco 4%%s, Standard Oil of New York 4!4s and International Telephone 5s. Slight improvement was shown by American & Foreign Power 5s and Chile Copper 3s. | Washi}EJn E;change SALES. Capital Traction 5s—$1.000 at 97, $500 at 97 Lanston Monctype—10 at 50, 2 at 50, 3 at 50. Mergenthaler Linoiype—10 at 30, 10 at 30, 10 at 30, 2 al 30. AFTER CALL. Washington Gas 6s B—$500 at 1033;. BONDS. Bid and Asked Prices. PUBLIC UTILITY. Amer. Tel. & Tel. 4!3s.. Am. Tel. & Tel. col. tr skcd & el of Sagfhta Taciion k. K. 55 Gity & Suburban Georgetows Gas 1t MISCELLANEOUS. Barber & Ross In C. Paper Mfg. s W. M Cold Storage s STOCKS PUBLIC UTILITY. Amer. Tel. & Tel. (9).......°10¢ Gepital Transt, Co. 1V & W Steamboat ), (. Riggs pfd. i Wachingten (6) Amer. Sec. & Tr. Co Natl Sav. & Tr Wash. Loan & Tr. (8 SAVINGS BANK Com. & Savings (6) 150 FIRE INSURANCE 1 American (13 Corcoran Firemen's (1.6:0) National Union (.6i0) TITLE INSURANCE ColumBia_ (30 i Real Estate (6) MISCELLANEOUS Garpel corp (1 s C_Paper Mg’ pid b A SR 18 Lanston Monotype (4) Mergenthaler Linotype Peoples Drug St pf. ( Real Ect. M & G.pid. ( e (5). X-divi : B0 dividend paid March 11. INSURANCE STOCKS NEW YORK. March 10 (#.—New York Becurity Dealers Association Bid G2 Asked. Aetna Cas 12! .a) Actna Fire (1. Actna Life Asriculturai Am 1Ins New Am Reinsur A Surety Automobile ( Bait Amer 1 441, Halifax 90). .. Hanover (1.601. " Hartford Fire (%) Home Fire 1 8t. Paul Fine | Bprmlnrld um xd Life CHICAGO LIVE STOCK. CHICAGO, March 19 (@ (U. S. Depart- nt of_Agriculture).—Hogs. 14.000. in- fi\'mms 5.000° direct.” Market slow. ful th Monday. - 1ly top. 9.1 s, Slaushter pigs. P packing s 40: light L and choice, Hv)» 50 pounds, )0 pounds. ) pounds. 0 pounds; jum and nds, ;25aR.50: pigs. hm 140 pounds, 6.75a %.40. Cattle. 6.000: calves. 2.500. Fed st d 'vearlings very uneven. steady than Monday's bad close: Better grade hunA lower for the week. heifers Tully steady: other she stock stead: er cows. which were weak choice vealers steady: light 25 lower: best light steers. early. Slaughter cattleand vealers: jood _and choice. 550-900 pounds, F.000 900-1.100 pounds. 1,100-1.300 naund‘ lD 1500, 10.75; Ficam 50-1.30¢ S mostl vealers Steers. 50; ammon nd Tow catier wna cutter. {(yearlings _excluded) 500 _cutter, common B yealers. zood and edium. 6.00; E 4008600, Stocker and Steers. good and choice. 500 f.7509.00: " common and Fobasior 3000 tat lambs clow: trade jower bids: generally ' asking lower-grade offerings: ding lambs little changed: eep and B, adolisding Jambs, cholce slaugh. lambs: best now held 8.50a65 and id ter % . few native _ewes. 4 00a5.00. aughter sheep and lambs: Soring lambs, ilum, 90 pounds down, good and choice. 7588 65: common, and medium, ). 50-; R5. 8 und! £ood and cholce. 7 @ Doodond choiers i o 1R Rohts. common. and. medim. 3.0084i50; feeding lambs. 50-75 pounds, @od and “cholce, 6.2547.00. {U.'S. TREASURY POSITION. ‘Sheep, 13, elaved by uily steady for i By the Assoctated Press. The it ‘reasury on Hltch g 13‘:»“’;1?: 8. ! 5“4 ex- rel. suuuza 348, 2. an Customs receipts for the ponth, wlu.flm 828 41 Receipts or the fiscal vear (since July 6,266,719 49; exnendlmrn $4.- 3 63 (ncluding _$2.493.032.- IRO.25 of emergency exi expenditures $12.277. e su.s{.fl.xna t37 bieliiat {gompara e Inst vear). srsflmnn 8; J“ et balince. S4.3ho.444 0: cusmml Teceipts for the month. e fiseal year, $2.132.845.- d turem $4.580,680, clud;lll!l “‘ us!" 216,057 48 °£|fm§:,""g” ur i 3190040 05, Gold assets, 37,050:309,- enditures: excess 0.434.14; g0ld (a ‘M—Cfln’ Fastener Corp. 1934 common-share earnings were $1.99, va. BONDS D. €., TUESDAY, M ON NEW YORK STOCK EXCHANGE ARCH 19, 1935. INCREASE INTA High. Low. 2:55 | By private wire direct to The Star. Port Gen El 4% 8 o 8 e 4l 2 Port Gen E 4% 55% b54% B6Y% ' LIBERTY BOND AVERAGES Port Gen Ell1si 5 1001 100% 100% ! High. Low 2:58 Complied by the Assoclated Press Porto Rico A T 6s°42. 45 45 45 3340 1932-47... . 101 9101 R 101 9 \ Postal Tel & C58°'53. 42% 42 [ Tat ev 4% 32,477 10114 10110 10112 Pub S El & G 4148 '70. 10815 108% msv. | 1st 4148 32-47 reg 10110 10110 10110 20 10 10 10 Pure 011 6%8°37..... 102 101% 'a | 4th 41581933.38 108 1022% 10228 Ralils, [ndust. ‘Util. For’gn Pure Of] 6% '40 101% 101% 181 Revenue Commlssmner Re- | 4th 4% s 33-38 reg 10225 10225 10225 Net change unch. 9“ Esl ux:(':’h'; Purity Bak bs 4! 86l 86k gsy, | 4th 4% = 33.3% Today, 1 p.m. 82 . | s Lites 3d called.. 10017 10015 10016 Ereviumidey < 983 92.2 86.4 670 | |Reading JerCen'61.. 984 984 9y ports Only Six Districts o AR DS BT Month ago . 860 948 8838 70.1 ding R u/.‘-“'l'::'. 1085 d0as 00 A Pl : Year ago Se5 S 57 N a4 ol oea " 104 104 104 Show Decrease. 818 95.9 88.9 04 TREASURY. 1935 high s e 845 610 | |Repl&st S3n 53 96 96 96 '.‘7;..‘1',\55-60. 10020 10015 10019 1935 lov 78. ek 8.9 & Revere Cop & B 6s'48 108 108 108 R 104 7108 s 5 Ay - 458 400 61.6 a2z | [RIPSMooisn2A, e Pgi 34! Increased income tax collections 318 1944 K2 104 2104 3 j04 1928 high 101.1 98.9 1029 1005 generally throughout the country were Q K e 5 3 2 > [3%a 104143 Mar. 107 107 107 10 an-'vma ‘Bnndl. : 1 St L IM&S R& 4833 59 5814 58y | commissioner of internal revenue, who | 3%= 1943 47 . 10514 10610 "’S}; Today, 1 p.a ;?g; \P,;}‘m:;ndfl! . }329 StL-SF 4s 50 A .. 10% 10% 133& sald only six collection districts out of 4s1944-54 11017 11012 11 Month ago . 9 3 < St 1.-S F 4s 60 Actfs 9% 9% ‘% | 434 3742 1043 45 105 2 10431 10! 1935 high . . 1102 1935 low 1079 SUL-SKalgn 18..... 9 8 8 |® total of 64 'hnd shown a decrease 4% = 1947 52 11521 11521 1152 1934 high . 1083 1924 low 291 St L-S F 58 '50 Bs i !’sw, :1‘(_; .1;;'4 from last year's figures. 044 1932 low 6.8 | [SULSW Ist Ter 5552 3 3 | FEDERAL FARM MORTGAGE. 1928 high 1 e L e Collections $152224281. | 381947, 210178 10126 10198 | b1 | St P MAM axt s o3 106 108 1004 | The Tressury's latest statement |38 1940 10117 10112 10118 High. Low 2:55 High. Low. 2:55 |San A&A Pass4s'43. 761 76% 761 |showing its financial position at the l:u-vnu. 103 3103 1033 | op neisigean.. ... B0 N9 1'1(4'-. Illl'S!;elfi:if.b;:'& m: igm 1'331‘: San An PhS 62’562 A. 1064 106% 106% [close of business March 16, listed 9 38 104% 101 10 niand § 4 Scioto V & N E 4589, 111% 111% 111% ta: ents of $152,- i HOME OWNERS’ LOAN. A v be 47, 104% 104% 1045 | Iniaid Sti 43881 B... 104% 10415 104 | Sors ' 5% 6 5% ;’;:f,c:l'“:"::'m’: Pl s 2% 1939-4Y mlrl; lgfig }3‘1‘]; AmT&T4%e'3Y... 107107 Iml}:;sln‘rzth 66.. g;h g;w ¥7% 4% 4% 4% | comparable date of last year, How- :gl 9101 7 101 7 : }?::: }?3% }?:“ ::: RT 'I: 2 86% 86% ggu S;:‘;{,'n‘s“;}‘s" ““‘ st ‘f:: x?:‘. sf:“ ever, Helvering said, approximately 112 111% 111% | Int R T 2 8633 86 86% | Shell Un 0,,5"‘ 0103 1021 102 $55,000,000 which the collectors had FOREIGN BONDS. = o | AMT& To%s ¢3... 113 112% 112 tnt Cem 99 9714 9715 | Srema i S F o oeds.. 130 115" 195 | on hand was undeposited. He believed Lgs iEng Low 385 | At Wha b 44, KT 8T K7% | Int Hydro E) 29% 8% 28Y% (gilestan Am 7s'd1... 4815 4815 48y |the st 15 days’ collections would | Agr M}st):;Znuso" 23 29 20% | Am Wat Wka 6s15.. 68% 67 67 ;nl‘(:.(NND‘r l‘ 5522:;... 27% 265 26% | Sine Con O 6% '38 B. 104' 1044 104k ggz‘xiega:c ab:ut ismmo,ooo when R Ch/NftE9eceb. 8% 818 | IntGiNad) 6 e 8 6 6 |SincConO7s 37A.. 103 103 103 |final returns were in. Qo T e o o R sy 4 Bl IS4 |mtrapistssirac: es 5 65 ||ScCond S34s 35, .. 1011 101% 101% | It was >xplained that several days Akershus bx 63...... 93 93 Armour& Co 4%s 39. 103% 103'% 103% | Int Pap r!ff! ‘b5 f'“& Cfi 53:) SoHBell T& T 6s 4 108% 108%, 108% | were required for returns to find their Antioquia 1st 78 °5 ™% T Armof Del higs 43.. 105 104} Ifldvlf Int Rysof C A‘ 5872, ,‘.“‘ T2W T2 | 8o Colo Pow 63 47 A, Y4% 944 94% way into the Treasury, as they must | Argentine s 921 924 Armsirg Cork 5s 40. 1041 104 1041 | Int RofCA6%847. 75 75 75 |§oPac (Cal) 58 '37... 107% 107% 107% | be cleared, regardless of the form in Arzentine fs 025 913, |AT&S Feadid4s 95 104 104 }34'- 'l:'l .}.:,: f:,“’?' e So Pac ref 4= 55 " 91'a Y1% | which lhey are ~emitted, through the | :::::;::: Gn 60 May. 921, 92 ATAS Fodlgn 48 . 10613 10615 106, | Iny 1"“‘””4;'.:'1 A - 0ty So Pac Ore 4% 17 .. New York in Head. v 0Sent. 921y 92 AtlConst L I8t 4852, 99% 494 a is w | So Iac 4%s &1 " ” ::L:::(‘:: :: -£| F:rl':‘r son 92 Atl Coast L clt 4s 52, 71 T1 Inv Eq 58 48 Bxw .. 1004 1004 100% | So Ry en 4s ' 4an. | Actual deposits of income taxes dur- | o} 215 92y AT C L unates 64 X5 van _— So kv salaid y5is | DG the first half of March aggregated G e e e ANGE W 16ah 29 aw Kanaw & M 4s 50 .. 100% 100% 100% [ S0 1ty pen 63 ‘56, o' | $191,358,909, as compared with $147,- Alsitanates 1100 100 Atl Refin deb §s 37, 107% 107% | KanCPa& Lates 51, 106 105% 106 | So 2y 6158 56 . 91 5815 Huw, | 794.894 a vear ago Australta 52'57. ... 100 100 KanCSoulstds 0. 73 73 73 |gouthw Bell T 5s'64. 110% 110's 110% | In a breaxdown of deposits for the Austrian 7s 43 gtd... 101 101 Baldwin Loco 58 40.. 9814 9814 |KanCSourfinbs'50 58 5% 58 |Stand Oil N ¥ 4%w'51 103% 103% 103% | half-montn period, the Treasury re- Austrian 7s ‘57 921 9214 B&U Istas ¢ 4 Kan C Ter Ist 45 '60.. 1074 1074 107% | Stevens Hotel 65 45. . m‘: 131 13' | ported that New Ycrk State, through B& 12;!: Studebaker 6s 42 328, 32% 32's | its six collection districts, led all cthers Bavaria S6%s'45.... 32'3 321% 32 (B& © Studebaker 68 42 cfs. 32'3 3-’“~ "‘r"by returning $67,086,765, as compared grlg:um :?,,'55»“ . :gg gg:: 33: g: 103 | Studebakercv6s'ds.. 4dia 44l 4d's | iy 556,‘764,851 ,ait vear. % elgium ceees Pennsylvania’s three collection dis- ! Relg! 7s '65 o 10515 107% 107 B & Tenn EIPwr 6s'47 A. 93 91 91 & B3 4 Belgtnm 78 '56. L1001 991 99% |B& 99 | Term AsStL 4s'63.. 104 103% 104 |tricts returned $17.856.861, as com IR it ga 60, (981 98% 98| B 10851085 | STn Sm Ot T SR S 1035 103w | pared with $13.462,053 last year, while g::u:\“ss '58 . 3214 32 8215 | B&OSwn bs'50 £ 103% | Tex & Pac s 11 B. 821, 82y |Illinois reiurned $16,883,062 as azainst | Berlin 6145 '50. 31% 31% 31% | B & O Toledo 4 69... 19 19 Tex & Pa 79 C. 8214 821, |$11,929,859 in 1934. California showed | Berlin Elec 6s 32 2 2 | Banz & Aroos 4s °51.. 102% 102% 102% | Laclede Gas 58°39. .. 100% | Tex & Pac 1st 53 2000 115% 115% 115% | deposits of $8,893.371 as campll’ed Berlin Elec 615 ‘59 33U Bang & Aroos 58'43., 112 112 112 | LacledeG 68 63 C.. 6lis | Third Avref 4s 60... 55% b6% b5' | with $6,914,669 last year. | Berlin E1 P\ 61is 371y Bell T of Pa 58 60 C. 2 12 Laclede G 348 60D.. 6L | Third A adinex6s'60 2312 2313 233 e AR RS Bolivia Ts 4 Beneficial L 65 46 Lautaro Nitr 6s o4 B | Tol & Oh gen 5s°35... 1004 100% 100% Bolivia 78 a~ Beth Stipm 6s 3 Leh C & N 412854 AL 104% | Toronto H&B 4s '46.. 100 100 100 Bah Bond Sales Bolivia 8s 6 Beth Stl rf db 5s ‘4 }::“ Y:: Eg:: g! ‘A': 72 | Trumbull Stl 68 °40.% 100% 100% 100% y Brazil 6% 23% Bos & M L. s'64... = Brazil 618 234, Bos & Me b Leh Val Coal 6538 UnEL&PSs'57.... 108 . 108 108 Redu(?e ‘r Olume Brazil 8s 41 . . 29 Bos & Me hs lL'l. | L V Pacon 48 2003 . UnOCalbs 45 re ww 10314 “:3 103'% s da E St 'ls 54. 6" Bos& N Y A L4s’s 3 /UnOCal6s 42 A. 118% 118% 2 Brisbane e sl +.q-: SI% BKIynCy R K 5s 41.. 90 90 90 |L VR Rconbss2003., Un Pac 1st4s 47, 110t 1107 Of Tlme De osits s ey Lex & I Ry 58 : Brisbane 6= 50. . 98 Bklyn Edis b5 49 A, ex Ry 3 Un Vac 4s 68 . 100% 100% Buenos A 63 61 st Py 54l Bkiyn Edis 58’52 E., Ligg & Myr 78 ‘44. Un Pac Istrf 482008 1067 106% 10678 Ruenos A 6l2s'61s1Pv Bd% BKIyn M T 6s 68 A. .. Loew's 68 ¢1. 5 Un Pac 41ss 67. . 104'3 104'x 10413 | By the Associated Press. | Bulzaria 7s ‘67 Bl Bkivn Un El “nf:mé‘) I':: f;r'“‘:‘ e e bn‘l';;c m:x:; <008. 116 1::; ‘:}S As had been expected in Federal July covpon oft.. 17% Buff R&P con 43= s o Juit Drug 6'83.. .. X7tk 87% 87%|Reserve quarters, time deposits of | | Bulgaria Tl3s ‘68 ¢ | Bush T Blags5s60.. 55-, | :':"; A:Ld;.h :; n l‘fi'f’* l:‘: o 1:5“ | Unit NJ T2 I 45 44, 10813 105 1084 | member banks of the system in lead- | May couponoft.. 1714 17% 17% | 1iou G & E 5852 A.oe 111% 1115 111 | U S ltulher b8 47.... 91 ~ 80% 91 |ing sities have declined toderately | Calif Packing bs 40.. 104 L - . b Utah P& L5s 44.... K2y K2 pr vernment starte 5 < L& N unif 4540 . 1064 106 1064 | Eg since the Gove! d the sale Canada 4s 60 « 106 105% 106% | Camag S 78 42 ctfs. . B C N &3 2003 C 100% 100 100% | Util P& L 5s'59% ww. P of “baby bonds” March 1 | Canada 4%s'36...... Hm'- :!‘Jli' }?i:‘) Can'dian Nt R 43864 104 s S " “ UHIP&Lb5%8 47... 35 A ek enis Mk 13 e Canada 5s '52.. « 1113 111% 111% | Can'dian Nt R 4 %866 111% | —= | Gy L Chile fs 61 Jan. 1% 11% 11% | Candian Nt R 4567 1097% | MCrovSpisdinied. 6 86 86 |yersugistis-azets 4 4 4 |[deposits of the reporting banks were | | Chile 6s 62 1% 11% 11% | Can'dfan Nt R 4345 68 104y | McKess & R 63%x 50, ¥7'%4 97 974 | v CraP 1st4%s'24as 21, 2% 20 |off $13,000,000. the largest drop in Chile s ‘42 . 14 14 14 |Can'dian Ry 4%s '55. 1137% Manatl Sugar mod | VaEl&Pev 6%s 42.. 111'3 111'3 11113 | some time. The trend recently had Christiania 6s 101% 101% 101% | Can'dian Nt 55°690ct. 116% | TAsdctinstpl 101 10% | va EI&P 5%s44.... 113 113 113 |been upward. Colombia 6s 61 Jan % | Can'dian Nr ab 7s "40 106% | Stet Ed 1s ';;‘hg L 1;)2‘ :3;‘* Va Ry 1st6s'62 A... 111's 110% 110% | Funds received from sale of “baby Copenha Can‘dian Pc dbasperp 83% | :{fc‘h"‘é’e;‘(‘ar%lfifizl . :0‘1 A 0 = - bonds,” however, are spent by the | Copenhaget Can'dian Pc 4%4s .1 B RO e S 1aek 103y | Wabash 434578 13 13 13 |Government, and thus go to increase | Cordoba 7s Can'dian Pc 4348 ‘60 Call A 90 | Wabash Isi5s 39.... 91% Y1 914 demand deposits, it was noted. | Cuba 5%s ‘45 Can’'dian Pc 63 44 cfs 1121 112% 1[1’1;\. | m’[ ERSs r:B _“- 9 a’-:as: g: Q; g i;& i; }g Demand deposits have been rising 5% dian Pe 5s ‘54 3 1023, = yabash 6s 3 Clohieiovaliais sl 1005300 100 | nan e ts e . 5| MilSpa& N W4s 47. Wabash §%s ‘75, 380 is s | | e umAnY monis &5 w rafe of neatly Czechoslovakia 8s 52 993 99': 991 | Cent of Ga 5s 59 C MSUP&SSM cn 45 ‘38 Walworth 6s 45 A 38% 38 3wy | $3.000.000,000 @ year for the report- Cent N Eng 4s 61 MStP&SSM 5s 38 g1d Warner Bros cv 6 4 49 49 |ing institutions. | Denmark 41%s ‘62 Cent Il E & G 58 '51. | ::::}ji;;:: 5!‘&;!."':‘- Warner Sug 1st 7s"41 10615 10615 10613 | e D rk bles 55 toft NJ 5587 MSIERaNN T W haPistbs 46 A.. 111'; 111 1115 Dbl g Ceatot Ndsenfuety el Miss Cent | Wshistusziei g 0w 75 15| FARM INCOME STAGES t Pac 5s ‘60 7a | Mo 11i 5s W Sh ist 4s 01 T T Elec Pow Ger 6335°53 38 38 38 S:‘,( R':{ RS(,R 5e'37. :;: x : hde x.«r 0 El deb 65 44 mgt. ms. mg ADVANCE IN CANADA it O e MoK & T ad1 62 67 o S e B I 32 | Bpectal Dispatch to The star. | Finnish 6%s 54 A .. 99% 99% 99% | Chesap Corp 6s 47... Mo Pac 4s 75 .. WestnPacisisA.l 28 2T 2| TORONTO, Ontario, March 19.— Frameric In 7158 '42. 107 107 107 |C& O gen 4% 9. Mo Pac 58 65 A Westn Pac hs 46A as 27 2 Canadian farm income is improving. | Frankfort 6138 63 .. 29 C & Oconbs 39 Mo Pac as ‘G3 A ctfs. Westn Un col tr 65’38 102% ln.-. The Canadian Bank of Commerce es- French Gov 1! 49 Chi & Alt ref 3s '49. Mo Pac 58 77 K West'n Un 6s 51 ... 83 | timates the dollar vaiue of farm in- i Chi B& Qref 58 °71.. Mo Pac5s 183G Westn Un 6'%s 36. 100's | come for 1934 as 17 per cent higher | GerCBKATs'50.... 46 45 45 |Chi B&QI div3s’49 Mo Pac e 811.. Wheel Stl 4348 53... 95 | than 1933 and 21 per cent above 1932. Ger Prov & City Bk o ChiG L&CES37.... :’::np'“(?e‘:‘“fi:(‘;,’" ' \::(r';‘!('elf‘\’lbl_,‘f!,:i\':- ‘95" Farm expenses rose 4 per cent in R e Rt e OO LR Mont Pwr ref 5543, | wsp st 15t 78 35 et g1, | 1938, but were still 5 per cent below et Govamsres. .30 vy " sop | CMAEIEA AN s Mor & Es3 : 148 2000, | Wi oste o togs | 1932 Farm vurclk;u;eni row, e | % . 1, A Mor & Esx 4%s 5 Wi , ased v‘(:ve.’:eg:; :r,cs 2. . lfl'. 1:?',: 1:{», g:{;:’; :;6: :?, * Mut Fuel Gas 63 °47. . oG atiaen 8 | the past year. Taking 1926 as 100, it Great Br& Ir 6%5°37 1124 111% 112% |G M P& P os i | Youngtn S&T 68’70 B 9315 9315 931; measured 722 in 1934, against 64.0 in GreC ElJap63%s 60. K1 81 81 | GMcrpgp adibs 200 Nat Dairy 63 e 48... 1034 1035 1034 | Younsin SAT 55784 43 334 v3w | 1933 and 571 in 1932, Gri C El Jap 78°44 . FER, un:,.. X¥W | Chi& NW gn 3% '87 Nat hreellfis 56.. - :g.', lUb‘- }:) Ll R A lConyrl(lfi!e'“l“n A“ ngeonxr;‘c American e S 80 e 280t o im s b Rev3 e ul . 106 s doow| RESERVE BOARD ISSUES e Chi& NW 41482037, . i i L o lil‘a,:-‘:séssgs”iéhu o B B C"‘:i‘g’:‘fis!‘?‘lc 5% | New OF b 8 o8 35 B.. fn’w‘ CONDITION STATEMENT DIVIDENDS ANNOUNCED ni & Nw &n v oe Rl New OrinAN 6a 24% | NEW YORK. March 10.—Dividends de- | iscder Steel 65 4% 39 39 39 |Cpig NW rf bs 2037, New OIM‘I 2 Z;V | By the Associated Press. ‘ff:;‘éa.‘,?'f""’“ by the Standard Statis- N0 e i N e LI ) N Y‘é‘”";:’,i o1 a4 | The Federal Reserve Board's con- | et M_\_'— i : gg N YCent4s'a2...... 91 | ditior statement of weskly reporting | Rate Lios 9,’;’[%‘;;»’ EaY- Japan 5%s 65 . *1 2% 81 |cop :\é((ew(corn‘ol: 8... 3; member banks in 91 leading cities on | Indus Cred N Eng....6%:c.. 3-15 4-1 Bt e R oo At loin N ¥ Cont :Nu,r.'uun 47 |March 13 today gave the following _ Accumulated. o Karstadt 6s 43.... 40% 408 40% g}.’ N Y Cent rf 6= 2013 50% | summary of the principal assets and % E;.;;h KreuaToll 65594 cfs 281y 284 281 | Cpy yn st oy | NiX Cansach enas liabilities, together with changes for _— e Cni ou st S 07 1075 1038 | N Y 6s 44. . . . Lombard E1 78 62 ... 68 68 68 | Chi UnSta 6%a 63C. 111 111%; 1111, [ NYC L Sh 332008 re. e the week and for the same week Of |1 yaenin & Co....1%¢ Q Met Water 5148 50.. vZ% »Z 9; Chi& W I con4s°'53.. %7 963 47 SiE ‘:"_!" .. % | last year (in millions of dolhrs) Initial.’ Mex Ir 4%s 45 asst.. 5% = Chi& W 153 '62... 104 103% 104 2iL Republic Pet. v 30 M | Milan 68 52. . . 6% 76 76 |Childsw Cobs 43. 55 55 55 |NYCAStL 6} 74A. 59 lm"‘s and invest MAT 19 Mar. oMb e Minas Gers 6% ‘58 AL D U 0% | “Oments. total ... 18522 + 60 +1.000 Atng A Chil Y N ¥ Conn Ist 435863 107% 107% 107% . . 15838 9% | Holland Land........30c.. 3-21 41 Septcouponoft.. 16 16 16 |(incasEl , 4 7 ans On Sec i oy Minas Gers 61585 ot 11318 1137 | N Y Conn 6s'53 B.... 108 107% 1073 | ties. total 3121 = 4 — 472 Reduced. | Cin Un Ter 68°57C.. 113% 113% 113% | 1 ¥ £O00 2% 28 o a4y Goi| 1o bposs Septcouponoff.. 16 15% 15% | Gip Un Ter 6s 2 2 NY Elr s o 108 185 dez Hamilton Uni Thea pf.S1.. 3-20 3-30 e s » fo CCC&StL rt 4348 'II b4 5315 53% | N y Edisref 6143 41, 113% 113% 113% New So W son o9 oo | CCCRSHTEINETIE o0 630 o3 |N ¥ Bdlnret eys el 111% 111m 111 ’ . Nord Rys 6 160N T8O BN | GocascErres 410 98 gn nen o e a6is S5k gsis | Acceotancey “anid Allied Lab Conv pf .87%;¢ @ Nor Ger Lid 6s 47 720 12 T2 | o U Ter w.- ,”. 20% 20w B0 | NY reen s24 e 951 05/- o Commercialpaper American Fork & Hoe.15¢c .. Norway 5s 63 . 100 100 100 Clev Un Ter s REs, BT 8% Il:'gf::l;‘\:l";::/’:. l:lU' lgél‘ lq;:: 1 9: ught . .. Amen‘s:nl flho‘zo.r.l;“& 5 Q“"’"" 25@:3:5 igg lgz% :gg Clev U Ter 5% " A 97 96 96% NY NH &H 358 47, 2_“; 27 2T Auanue City Fire A A 1085 1025 109% { Colo Fuel & 15s'43.. ¥216 K2 8% | Ny Ni & H34s b4 261 261 26% | O 8. Goversiment Autoline G1i Co Norway 68 b 102 1024 Coto Ind el tr5s°34.. 24% 20% 24% | Ny Nj & H 45 26y 26 26% | . directoblizations Central rnnknn Nsmberia s Shre INm Jis|Colo& Soskss 80 . 561x 564 564 | Ny NE & H 45 56 26% 264 264 f : g2 Coll Hun Gisvaramat 56% 56 56% | NY NH & H 4s &' 10 17% 17%| U8 . 5 5 >olumbia NH & 2913 294 jOrtental Dev 658 §8. 8 8 @ 65 ‘52 May L oTw 12 724 s‘r Ng 5 : :]‘/:r!fi( o fg oy 2% ' Reserves 'é"e'le”x'i’; fOmeatal Deviesias... tIR NN B3N | colmbin QRIS 61 T2% TIR 928 I3 NS Bicyes (8. 24l 25 au Ay ; !“"° ol e 10132 10138 1013% | ooy R P 2. tet d36m 67 106% 105% 1054 | N7 Oaw son e tt.. 3¢ o5 3o i | P 63 3 43 43 |ColRPLSWKe 42... 1% 1% I11% | Ny Ok ref 4 02.. 45% 45 45 ¥’9I:‘2ené:ggg::nm; Ceoans ie 48 R Com Inv Trbls 49.. 1124 112 1124 | N y Rwysinc 6s 65., 114 10% 11 |Government de- {Vernam Tw'47Sepcoft 1% 1 1% (57T \a'er 6a 0. 5% 35 5% | N ¥ oer v r et 1or 1oy ® b s jilezus (€0 - Tha T U Con Conl Md b0 cfs 351 35% 35% B Due from- banks. . Johnson Tron - | Peru 7s 59 13w 13% 1ay [ Gon Coa N ¥ Steam 1st 6s°47. 111 111 111 | Due to bai Dry Dk & Shbldg pf.S1 .. - Con Gas N Y ¢%8 61. 1031 1084 108% | N y Te) gend14n3s .. 111% 111t 111% | Borrowines {7 om Kabn's (&) “Sons fimotand/Saiey A e em™| Con Gas N Y b8 ‘67 N Y Trap Rock 6546, 61 61 6L | Eeagral Reserve e | boiand 1s 47 128 T UZBM Gon G N Y 5% 45 TeR 106 106 106 | Ny e B egad6.. 19% 19 19%| DO o e mrmm Tet & [£olandas by B4 W0 0K | GO miner deb e ds.. B4% B B4 [N gk S4MS AN 196 19 1| emciudes “doans tgitime el e e . 2015 20u| 20% | Container ex 48> % 102% | NOre So 1st ros'6lets 13% 131 131 | _lacluces “other securities.” “.Br:lr:k"g C?z'r""'"ml ]yr.su u"-,';,. 52.. 99% 99% 993 grown ;VlllllcP 9‘-0‘:1; lggh lggb lg;“' Norf&wwlll 4s°96... 1131 112% 112% = NewYork Po 3 ‘rown Zell 65 . Nortf & W div 4s 7% Pt e A i e g o3l NoFh AT Ca b NORTH AMERICAN BOND D0 SR 1%8°36 31% 31% ) y Queesiana 7s 41..... 106% 106% 1063 | Suba R R ret 1MeSE 8 ol a NorthAmBacesTA 824 82 84| TRYST GAINS WIDENED g'r-'}';.?'fl”shffi,'gfirfhs 7 Cuban Cane P6s°60.. % Nor'nOT & L 6s'47. 108% 108 108 ed {Rhine W EIPSs’62.. 40 40 40 3 74 106% % Special Dispatch to The Star. Unit: Ext 10¢ i WEEGRE do G0 G |CumbTATI T 1RSI Rar e sine T 8 wam 1ok | nEw o, muen 19 —mue sen | $33 ol i o Rio de Jan 6%s 63 4 Del & Hud ret 4s°43. 79% 79 79%|Norn Pac 622047..., 931 92% o3y | semi-annual report on the adminis- - | 1o a8 coupon off.. 15% 154 15% | pen'G & E 5551 st... 106% 106% 1064 | NoT'Sta' P ist 6a 414 1075 107 - 1074 | tration of North American Bond FEDERAL LAND BANKS Maiooipon o 161 16 161 | Den& RG en4s 36.. 264 254 254 | Norn§t P 6s'41 B... 107% 107% 107% | Trust, for the period ended Pebruary U itome 348 BY o 41 Te% 11 |Dem& RGWbs'SS.. Th Th T 28, 1635, shows that market value of | oy vomg Marcn 10 om—Peders Koumania 78 69 Den&RGW saGsasst. 7 7 7 (OhioPubSer1% 112 112 | securities held as of that date, includ- | Land Bank bonds: Augcouponoft.. #4 #4 @4 |Den&RG o T 10 00w 1001 e et i | memccicd fteret smouted 5 - (Quotations as of 2 o'clock) | |Santa ¢ Are7a 42stp 63 53 53 | Det Riv T“’:’; {gg": }gg;: {g:: Ore Sh L 58 46 gtd 114% 114% .;);;.357. and sx Conih & _':; & Nov. 1041 3 ;g’ll, 1oy S ~, X . 2 . 01% 10 Sao Paulo Cy 6%s 57 Dodge 4 ev 105 100% 100 8{.’.2’.3.."«5 Nes 53 104 102% 10 4| “Six months ago the market value 100 101 oy counon oL 168 LI R14% of securlties held was sz.'::a.u:. jan i ; % 1% % | bac Coast bs '46. 37% 37% | Which was $2,54. excess of cost. 104, 105 i‘-"y coupon oft :2:« :sk i::/. 9% 99 99 | g 568 42, 106% 106% | Reports were sent to all holders of 109" e BaoilNulaBLdnebe ¢ BAi ubR B 2 2% 72 R R Mo 24 53 98 98 the trust's certificates with semi-an- |4l ne 104 Saxon Pb W 6 1. 35% 35% 35% Pac 98 4 1 104 Saxon Pb W 18 4b 36 36 36 gg ::: z; EaoTel 1at h;;l’l :“;; 10; 107 | nual dutflbullo:n checks amounting to Toax. dod bs8s 63unmcon. 33 33 33 Pac T & T ref 113 113 3§40 per interest. m.m‘ 10 ShimwwE) PORs 1. Biw 8% 8% 15 116 115 | par.F-La6s 41 fled. 6 G684 63% Frm e " 3% Par-Pub5%s'50 ctfs 0% 69% T0% Slenla Brovae se. 11 fot i |mmechy T 70" 7o | ASSOCIATED OUTPUT U. . TREASURY’NOTES. Styria 1s 46 Febcon. 96% 96% 96% |Fla ECRyssAcfs. 6 6 6 e WELL ABOVE YEAR AGO py Chas D darmey & Co) — ‘Taiwan KI %8 71... 80% 0% 801 | Gannett 65 ¢3. 103% 103% 103% 102 102% - -J0110.92 }gl;, Tokio 63%s ‘61 7% (Tw 77% |GenCable ks dT... 8% MM U 117 117 | gpeciai Dispatch to The Star. ! 103 7% 76% 76% |Gen Stesl Coin 49.. 70 634 6% 105% 1084 | ““npw YORK, March 19.—For the ‘10 103 8% 9% 9% o QenThes Eqbe'¢0... S% S O 1o %2 | week ended March 9, Assoclated Gas S 104 304 16- Good 6s 4 > ¥ 021 Tronduien $% L s L 108% 1084 108% 106 106 | & Electric System reports net electric ‘101 1021 Uruguay 6 8 35 35 |Goodv'rT&REs 104% 104% 1045 111% 11i% | output of 55,241,277 units (kwh), ‘104 1001 Uruguay 68 64...... 34% 34% 3414 |Gr Tr'k of Can 106% 106% 106% 104% 1047% | which is an increase of 4.0 per cent |3 - o5 e L e Gr Trk of Can 7 40. 105% 105% 105% 10215 103 | over the comparable figure & year ago. s 18 08 warssw is 68....... 69% 68% 98% 98K M | peo 3 LI&C Ff bs 103% 103% | Output for the four weeks to date [ +108 j064 Westphal B1 P 6s'63. 384 38 3xy 843 B4y B4l | pere Marg Ist bs 7% 7% | amounted tc 219,742,302 units, an in- D104 104 ot Snsusne i 94 94 5 |puia DA :’,‘/"”.,.} 1767 100 198% | crease of 3.0 per cent above the cor- 103 103993 PR —————— Phil; P E 7-3 Tokomama e €1 . MM 2|t 62 10Tk 1074 1076 | Eniin W 4i4e 81 1091 1003 109y | TeSPORdIng period of st year. 25 a0 e DOMESTIC BONDS Har Rv-P C 15t 48 54 ao 89 Phila Co 5x 67. XO%W B0 BOM e OTIS ELEVATOR LOSS CUT. Abr & Straus b4gs 45 1064 106% 4. M 80 | ENEEUT Y Tins (O ow oo RUBBER mvnrs & Alb . Sus 3%5°46 gta 101 101 117 1178 117% Phila& RC& | 6549, 414 40 40% e b NEW YORK, March 19 (P).—Oti < 5% 35% 35% | ppjifps Pet b4 s '39.. 1021 102% 102% bem“m O aty {18 0 nigh Elevator Co. and domestic subsidiaries 88 88% 88la| pilisbury FI M 6843, 108% 1081 108% er. u.y. fifllsfl July, 10.90a88; report for 1934 net loss of $1, lel'I ¥ Y .« 30 1 C . e e 485, n the nou-!tlr A St b D1, % 101 101" 101 | 1l Gent 4% FoATT R B A~ iyn ol lek | - NEW YQRK BAR ‘SILVER. o :mw" N e 3 g2s Gl B30 CCASULTLEL. 108 1004 1004| NEW YORK. March 19 (D.—Bar Taggart Corp. xmwwmt- 56% 56% Pitta&WVa 445600, 53 . 3 833, ve. daficit $431,632, 1GChb%s 1063% 106 105 . FINANCIAL. A—19 North American Aviation Shows Operating Loss Special Dispatch to The Star. NEW YORK, March 19.—With a net loss from operations during 1934 of $1,061,371, the annual report of North American Aviation, Inc., revealed that the only profit durmz the year re- sulted from the sale of securities. The latter profit, totaling $1,268,293, changed the final result to a surplus of $206,921 for the year. It was further pointed out that the company has successfully maintained its liquid position with cash and mar- ketable securities as of December 31, 1934, of $3,025,084 and liabjlities of | $421,387. In a statement accompanying the report to stockholders signed by J. H. Kindelberger, president, and Ernest R. Breech, chairman of the board, it was stated that “conditions are not | such in the air transport industry as to encourage your company to con- tinue indefinitely in the air transport business unless more reasonable legis- lation is obtained, not only removing the present restrictions embodied in the airmail act of 1934, but also offer- ing reasonable encouragement for the natural growth of this business, which still depends to such a great extent upon the Post Office Department pay- ing its share of the cost of supplying airmail service.” A deduction of $2,062,308 from capi- | tal surplus was made, which repre- sented the carrying value of the stock of Transcontinental & Western Air, Inc.. delivered to North | Aviation on December 31 last and now in process of distribution to stockhold- | ers, as necessitated in the airmail act of 1934. WHOLESALE INDEX DECLINES IN WEEK Fertilizer Association Finds Drop of Four Points to 77.5 Mark. The general level of wholesale com- modity prices declined in the week ended March 16 according to the in- dex of the National Pertilizer Asso- | ciation. This index for the week | was 775 per cent of the 1926-1928 | average, compared with 77.9 a week 2g0 and 78.2 a month ago. The in- dex last week was at the lowest level reached since the week of January 19, when it stood at 77.1. The decline in the index last week | was due in large part to the snarp decline in cotton prices and the re- sultant effect on other sensitive com- modities. The textile group index fell to 65.9, the lowest point reached since Octo- | ber, 21, 1933. Cotton yarns, wool and | silk also declined last week, with eight items in the group registering de- creases and with none advancing. A substantial decline also occurred in the grains, feeds and live stock group in the latest week with 12 commodities in this group declining end only two advancing. The trend in food-stuff prices was mixed with £ix commodities moving upward and fcur downward: pork prices were lower, following the sharp rise of re- cent weeks As a result of lower prices for lard and vegetable oils the fats and oils group again declined last week; this | group has registered an 8.2 per cent decrease during the past three weeks. Although tin and silver prices ad- varced the metals group declined clightly, the result of a drop in scrap steel prices Thirty-seven commeodities declined and 16 advanced last week, compared with 31 declines and 22 advances in the preceding week. Brokers’ Comment By the Associated Press. NEW YORK, March 19.—Overnight opinion of brokers on the trend of the Stock Market was mixed today, with some looking for further reaction, while others were impressed by the moderation of yesterday's selling. E. A. Pierce & Co.—It may possibly be of significance that volume of | selling is not on the increase, but, on | the other hand, shows signs of grow- ing smaller and more Scattered. Chas, D. Barney & Co.—Merely | on this basis of the extent and dura- tion of the decline we believe that | the market in general should be close to a short-term trading reversal. Hornblower & Weeks—Having placed accounts in a strong position, we would simply stand aside and await developments. Munds, Winslow & Potter—We think that the market satisfactorily with- | stood the shock of week end European news and that the rally indicated by | last week’s action will now proceed. Shields & Co.—It is now certain that sentiment will unfavorably in- fluence Spring business activity and that further delays and confusion will come out of Congress. NEW YORK PRODUCE. : mixed colors, firsts. 1%: mediums, 40 pounds. 20%2-% mixed colors unthanged. ey Tai0r Sslent) erv. Dikher than extra, 30 207V, easy: prices un- o LIV! Donltl'y fll’m By freight: Chickens. other freight prices inehansed 7.610: PHILADELPHIA PRODUCE. PHILADELPHIA. March 19 (P.—Live poultry—Ducks White Pekin, fancy, 18a 1 Dressed poultry—Old roosters. 5 pounds and over, 18. @UR Property Man- agement Depart- ment e(iuipped to render com ete service to owners ox’ apartment houses and residential properties. B. F. SAUL CO. 925 15th St. Nat'l 2100 Mortgage Loans American | YORK. March 10 (#. —Esgs. | 2 | Real estate . | [NSURANCE TREND HELD GOOD SIGN Continued Gain in Volume of New Life Policies Cheers Financiers. BY BERNARD S. O'HARA, Associated Press Financial Writer. NEW YORK, March 19.—Because it is regarded as a fairly sensitive barom= | eter of investment confidence, the cone tinued gain in new life insurance pro= duction has evoked expressions of | satisfaction in financial quarters. ‘The trend, as discovered by the late est statistics made available by the Association of Life Insurance Presie dents, has aroused particular interest, since it occurred in the face of & steady flow of alarmist predictions by |anti-inflationists and other business commentators who can see no hint of sunshine beyond their own darkly tinted horizons. New insurance business started run- | ning down hill around 1929, and not until 1934 did the trend reverse itself. The first half of last year showed monthly gains running from 6 per cent to 26 per cent, whereas the same period of 1933 recorded losses rang- ing from 10.5 per cent up to 34.9 per cent. In the second half of 1934 the im- provement was less marked, and in two months the new business ran slightly behind the comparable period of 1933. For the year as a whole the increase in total new insurance was 10.1 per cent against a decline of 14.1 per cent in the previous year. The reports for January and Febe ruary indicate that the insuring come panies are not merely holding, but adding to the ratios of last year's in= creases. January volume was up 24 per cent, against an increase of 8.3 per cent in January, 1934, and Feb- ruary’s gain of 11 per cent compared with a 6.3 per cent rise a year ago. For the first two months of the year the total improvement was 17.6 per cent, compared with about 7 per cent in 1934. Through the period of recovery in new business last year, and even into this year, speculative markets have experienced numerous flurries, occa- | sioned by events which were believed lat the time to have inflationary im- | plications. During some of these hectic periods of hedging and shifting of investment accounts, high-grade securities were ! temporarily depressed by the inflation scares. The records appear to indi- | cate that insurance buyers were not | especially perturbed by these confusing symptoms. but were, on the contrary, ‘rusonably satisfied that the dollars to be paid back on their policies would | be as sound as the dollar: id protection. el — 1NEW YORK BANK STOCKS \ YORK. M farch 19 (7 — Selurity YSuE: MALch 12, UP.—New York Association (Quotations as of 2 o'clock.) & Tr (1.80) Con.mercial_(8) rn Ex Fir 4 | Pirst Boston Corp ('3),, Fir't Natl (100) \a',. Guaranty Tr (12) frving Manufacturers Tr (i Nag @ty N'Y Frose' 151 Puhiic «1':) "xd. Titlr G & l" Unitea | *IncluZing extras. MONTREAL SILVER. LMONTREAL. Mareh 19 (P s Siver, fu- opened €asier March, 50 22p b‘_a,a‘, Uiy 30T 5b: September. 605 | DIRECTORY COMMODITY BROKERS COTTON Y Cotton Exchange & Co DI 2256 e o 0 | GRAIN ficmpers Chicaso Board ot Txads Harriman & Kee NA. 1600 ‘ Laidlaw & Co DI ZJAD Westheimer § Co | o 0o o j RUBBER—HIDES | METALS—SILK Members Commodity hcmnn %n;) Harriman & Keech Laidlaw & Co lzu Wat(h!lmll & Co STATEMENT OF THE Life & Casualty Insurance Company of Tennessee of Nashville, Tennessee On the 31st day of December 1034. as reauired under section 6847 of the Code of Law for the District of Columbia. INCOME | New premiums . | Renewal premiums Member Laidlaw 2 NA 5500 CONDITION Total premium incoms Total interest and rents | Other income .. Total income. . $7.806.530.93 DISBURSEMENTS. Net amount paid for losse: andmatured endowments. $1.676,840.8% Other payments to policy- 729.459.18 3.879,058.85 holders $6.285.358.83 All other disbursements. Total disbursements. ASSETS. $2,655.060 .95 53.402.2¢ 3.846.729.33 "'383.0R3 88 Renl m-u 50| Bonds and_stocks . 538033198 Cash i omce and ' district es . 45.232.24 Deposits in 166.301.17 ROt nterest und red d and accrued . 223548 24 Net_amount of uncoliected and deferred premi 37817658 All other assets. 61.206.1¢ Gross assets $14.632.505.69 Deduct assets not ‘admitted 642.353.64 Total admitted assets..$13.000.152.08 LIABILITIES Net reserve. required by llw $11.363.109.7 | Oiker policy reserve: | Total policy claims Other Jiabilities . ‘Conlmnnl reserve | Capital paid up . Unassigned funds Total un 500.000.00 $13.990.152.08 \Amount ot ordina St ness in the D)str!cl of Columbia during the year. outstandine December 31 Amount of industrial busi- pese, outstanding Decem. | Amount of ordinary bi g!ll nuutlndlnl Dee“. 799.300.00 T 31 Amount of industrial ‘busi. Colimbia utstending Do, ouf cember 31+t hons De OTIS E. R. DERRYBERR Controlle Subscribed and 4t day of M:f-'ch"ifi'? o betore me taie 1) ELIZABETH GI MRS, Nnur: P\Ibll& H. A. HOLLINS, Dist. Mgr. 406-11 Edmnld: Bldg. 917 15th St. N.W, Phone Metropolitan 1312 as D, G 123.976,953.00 ‘5. ddz807400 Vice President. -