Evening Star Newspaper, March 20, 1935, Page 15

CHANGES SLIGHT INCUR EXCHANGE Moderate Buying Advances Some Specialties, but Others Are Narrow. By the Assoclated Press NEW YORK, March 20.—A mod- erate buying interest in specialties lifted the Curb list here and there, but the more active issues showed lit- tle change either way. Parker Rust Proof, Technicolor and United Shoe Machinery all got up more than a point on limited deal- ings. Montgomery Ward A firmed half a point in response to the com- pany’'s favorable showing last year as revealed by the annual report. Certain of the trading favorites turned slightly reactionary after mak- ing early gains. Hiram Walker dip- ped nearly a point from its best level for a net loss of %. Utilitles were fairly steady, with dealings light. NEW PEAK SET BY BID ON MARYLAND ISSUE By the Associated Press ELKRIDGE, Md.,, March 20.—The Colonial Trust Co. of Baltimore is believed to have made the highest bid ever offered in Maryland for a county bond issue, with its bid of 111.8263 a share for the $80,000 How: ard County flotation for a water sy: tem here. The total price the firm of- fered yesterday was reported to have | been $89,458.88 for the entire issue, which will be retired between 1938 and 1970. CUBA SHIPS LESS SUGAR. NEW YORK, March 20 (#).—Cuban exports of sugar from the first of the year to March 16 totaled 239,563 long tons, raw value, compared with 289,474 tons in the corresponding period of 1934, a decline of 17.2 per cent, Lamborn & Co., sugar brokers, reported. Shipments to the United States totaled 228953 tons, against 241,332 tons for the like period last year. BONDS THE MARKET. DOMESTIC BONDS. High. Low. Noon Diiinaiine - 1013 101 94 i 5 Y03 7 10234 10234 102% D104 104% 1047 10141014 1014 1017 101% 1011 4 9ate a3 8 <m‘1 105 103 71% 71% 1073, 1073 10: 2 Koppers G&C 55 Koppr G&C, 5%as Kresge o5 45 Lehigh P S 6s 3036 Libby MeN&L, 58 laP & e Sar 5s Mass Gas 5! 80 94 00% Narraganzett 58 A '57 Neisner Bros ts '48 lfl“‘/-: 109% lnfl’/; 2. 10434 1049 104 LT 65% aarn 0% B fo 1027 102 " 102 34 R4y, 70 70 H'! &3t K3 fln % «p% v("h 44 Wis P Ser A 6s '52 FOREIGN Chile MB 8s 31 Ger Mun N. By private wire direct to The Star. Dlvmznd ‘Rate Add 0. Ben Adams Millis 1st pf (‘l). Aero Supply (B Allled Mills. Ine. . Aluminum, Ltd. Alum'npf (1%). Alum’n Gonds 40c. Am Capital (A). Am Cynam(B)40c Am Equities k10c. Am & For Pw war Am Founders. .... Am Founders 1st pf (B).. T5s Am Founders 1st pf (D). 225s AmGas& E11.40. X Ara Gas&El pf(6) 450s Am Laundry (40c) 5008 Am Lt&Trac 1.20. Am Lt&Trac pf 13 Am Potash & Ch.. Am Superpower. . Am Sup’pwr 1st pt Ark Nat Gas (A). Ark Nat Gas cu pf Art Metal (k25c). Asso Gas&El (A). Aul Coast Fisher. Atlas Corp..... Atlas Corp Anto Vot Mch 50c. Bickford's. Inc(1) Blue Ridge Corp. . Bohack HC). Brazil Trac Lt&P. Brillo Mfg (60c).. Buckeye P L (3). Buff N&EP pf 1.60 Bulova conv pf. .. Bunker Hill&Sul. Butler Bros 1508 10 Cable Radlo vtc. . Low Close 105 105 3% 1 13% 69% % 1% 15% 1% 1% % 15 15 19% 89Y% 13% 8% 15 THE EVENING Y. CURB MARKET Stock and Dividend Ri Cons Alrcraft.... 3 Cons Copper..... 21 Cons Gas of Balto (3.60) 7 Cord Cerp. > Corroon & Reyn.. 1 Cosden Oil Me pt 1 Crane & Co.......150s Creole Petrol'm.. 14 Crocker Wheeler. 1 Crown Cork Intl (A) (m75¢c) Cueno Press(1.20) Cusi-Mexicana M. Distillers Crp-Sea Distilled Liquors Doehler Die Cast. Elec Bond&Sha Elec BA&S pf ( Elec BA&S pf (6).. Emp Pwr pt (k1). Equity Corp. .. Fanny Farmer Candy (131%c) Ferro Enamel 60c. Fidelio Brewery Fisk Rubber. Flintcote A p2c.. Ford Mot Can (A) (k1% Fora Motor Ltd Gen Gas & Elec conv pf (B). Gilbert (A C) pf(m3i;) Glen Alden C t1% Gold Seal Electric Gorhm vtc ex p50e Gorham (A) Gray Tel Pay S(1)350s Great Atl & Pac Tea n-v (+1), Great Atl & Pac Tea 1st pf (7). 408 1" ee— Add 00. High. 8% 241 15 12% 284 M 10s 121% 5% | way, , | bench in Federal District Court. Cables & Wireless pf (kY 9-10c) . Can Marconi Carib Syndicat Carrier Corp. . Catalin Corp Cities Service. Citles Service pf.. Claude Neon Lts. . Clev Elec Ilu(2). Cleveland Tractor Club Aluminum. . Colts Pat F A 1 .2258 Columiia Gas & Elec cv pf (5) 2508 ColumbO& G Vte 1 Com'with Ed 4). 6 Como Mines. . 16 Compo Shoe (50¢) 4 COURT APPROVES 1015 00 = 3 10 B T 10 Refunding Expected to Save About $800,000 a Year *in Interest. By the Associated Press. NORFOLK, Va, funding plans whereby the Seaboard Air Lire Railway will save approxi- | its outstanding obligations were ap- proved yesterday by Judge Luther B. in an oral opinion from the The refunding plans, in general, in- volve the reduction of interest rates an approximately $28,000,000 in recei! ers and equipment trust certificates. They represent almost six months of negotiations between the receiyers for the railway and its creditors, most of whom had agreed to the plans before they were submitted to the court. An expected opposition from many of the creditors failed to materialize. With approximately 20 attorneys from out of the State here to protect their clients’ interests, rather than attack- ing the general refunding they chose instead to ask for equal of special | tions. “From my study of the reveiver- ship,” the judge stated on another occasion. “it looks as if it is going to be difficult to make both ends meet.” The refunding period was autho; it is hoped the revenues of the road | will be sufficient to pull it out of the hole. If there is no improvement at | | the end of this time, the judge inti- | mated, a reorganization of the rail- way likely will take place. The agreement specified that no outstanding mortgage may be fore- closed for five years. Edwin G. Baet- ger, Baltimore attorney, chairman of a committee representing the holders of underlying bonds, told the court that “foreclosure at this time would de- stroy the Seaboard system.” Appearing for a Minneapolis bank, Attorney T. D. Savage of Norfolk| asked they the proposed interest rates | on the new securities be the same—the proposed rates ranging from 2 to 41, | per cent. . DIVIDENDS ANNOUNCED NEW YORK. March 20.—Dividends de- clared (compiled by the St; - e Standard Statis. Extra. et of Pay- te. West Point Mtg. .. 50 cn.o.d T 35 Resumed, Altorter Bros on VTG e S Increased. Garlock Packing Co. . Woodward & Lothrop. . Accumlated. Rainier Pulp & Pap A $1 .. Balaban & Katz p s. Interst Dept St pf.§: Reduced. White R Min_Springs. 3: o Actio; Gotham Silk Hosiery pf. Regular. Amer Brake Suge & Anéer Dill Tel wNJI Amer Screw Gt 2 Amer Thermos Bome 4-1 ey 'S orp e Blobe D!st?um k Plnlnce H\lfl & Coole C Inland Xnvu{ou fawpens S o o 1%c Penns 50 f6r Thsir on Lives & Grant Ann 4"¢ Public Serv CO!D of N 6% pf . Safety Car Supervised Shrs Inc. Tele Investment Corp. "5!‘, Tllikfll Tobacco Co Unlbed Secul’mel L{ Poin West White Bock Minerai - gprlnu 1st pf.. .. ARSND! & 8 £D: OOOOD OO z B p RBR : b R G s Seeman B-os_. Buperheater Co MONEY MARKET. n—without war, new. wi—When issued. 1stm-—!umned sNewotiability ?Dll by maturity, {Companies reported in re- ceivership. vw——Wlm warrants A b/ N!W YQRK Il.luh 20 tr—Clll money day. stea Tlme loans mnd!, ao dlu-u monnu T gent, ".m"”‘m“é'e':"’u'xféfi" jed. - Redlscount. rate, & York nueruns»k 1% per cent. Merritt-Chapman & Scott—1934 deficit was $392,236 vs. deficit $255,292, SEABOARD PLANS March 20.—Re- | mately $800,000 a year in interest on | privileges for various types of m:hga-‘ ized for five years, during which ume} Greyhound (Del). Gulf Oflof Pa... Happiness Candy Hecla Mining Helena Rubenst'n. Hollinger G 175¢c. . Hudson Bay M&S Humble Oi) (1). Huyler's of Del. Hygrade Syl (2) 33 qoas et~ > 8 & 11 Pwr&Lt $6 pf. | Imp Chem Indus (K19¢). Imp O11 Ltd coup (180c)........ Insurance Co of North Am (2) Int] Hydro Elec System cv pt 1008 Intl Petrolm (12). 13 Intl Util (A)..... irving A C (p10¢) 100s 16 3% 29% 2 1% 2 6 Kleinert Co. Kreuger(G)Brew. 64 5h Lake Sh M (14).. Lakey Fy & Mch. . | Lefcourt R pf(1). Lerner Stores. ... Libby McNeill&L. | Long Island Light of B (6)... 100s Lone Star G(plbe) 1 Long Isiand Light 1 Louisiana L& Ex. 2 McWill'ms Dr (2) 300s | Mavis Bot (Ayr) 1 Mex-Ohio Ofl.... 680s 1 Middle States Peum vic (B). 1 Moody’s Inv Sve ot of (3). 508 25 Molybdneum ... 10 Mont Ward(A)(7) 10s 135% Mount Prod (60c) 1 4l % Nat Bella itess 5 t Service. .. 1 {at Fuel Gas (1) 1 134 Nat Pw& Lt pf (6) 200s 49 12 8% 12 9 L3 : Nat Rubber Mach Natomas Co(60¢). New Brad Oil20c. 6 2 mont M (k1). 1 35% N Y & Hon R 113 200s 39 N Y Telpf (6%).. 758 119% Niag Hudson Pwr 16 3 | Niagara Hudson Power A war, Niles-Bem-Pond. Nipssing(k123%c) Northern States Power (A). % 9% 2% 8y Outboard Mot (B) 1 1 2 1 2 1 Pacific kastern... Pac Gas & Elec 1stof (1%) Pac Tin spec (k2) "00& | Pantapec 011 Parke Davis t1.7 :i 3 Parker Rust P(3) 150 Pennroad Corp. 1 Pepperell Mfg (6) 1408 | Phila Co (80¢) i Phoenix Secur Ploneer Gold Mines Ltd(¥0e) 10 | Pitney Bo P (20¢) 1 Pitts Plate Gl (2) 300s Pond Creek Pocahontas (2). 1 Prudential Invest 1 Pub Service Nor 1l no par 508 Puget Sound P& L35 pt 1808 Puget Sound P&L36p1.. Quaker Oats (16). 805130 51 2% 1 5 501y 24 an 21% 13% 80s T Reynolds Inve Richfleld Oil Cal St Regls Faper... St Regis Paper pf. 10: Savoy Oil........ Schiff (The)Cot2). Segal Lock & H... eiected Indus allot efs (3% ).1508 Shattuck Den .4in 1 Shenandoah...... 6 Sherwin Will (3). 625 86% Sherwin-W pf (6) 1605113 Smith (A O)..... 1200854} Sonotone Corp. ... 1% South Am Gold & Plat (40¢) 3% Southn Calit EdpfC(1%) Stand Brewing Co Stand O Ky(t1%) Starrett Corp pt.. Stein Cosmet (r). Stutz Motor.... Sunray Ofl. . Sunshine (80¢). Swift & Co (175¢). Swift Intl (2). Swiss O1l (40¢c) o - ReOaRa Xz oo - Taggart Corp'n. Tastyeast, Inc(A) Technicolor, inc.. Teck Hughes(40¢c) Texas Gulf Products(b10%) Texon O&LdA(60c) Fob Prod Ex(10c) — Union Tobacco. . Unit Gas Corp war Unit Gas Corp pf. Unit Lt&Pwr (A). 12 Unit Lt&Pwr pf. . 1008 Unit Shoe M(t4% 100s USFol (B)(60c). 2 U S Radiator..... Unit Verde Ex 400 Univ Consol Oil... | Utilittes PwraLt. Waco Afrcraft.... Walker (Hiram) Wenden Copper. . W Va Coal & Coke Westn Atr Exp(n) Western Auto Supply A (3) Wright Har(t60¢) Dividena ryter 28h :W: 2 3 12 2 3 1 2 60% 33 9% semi-annual 4% Low Close. By 8% 1% bT% 2% 1% 1% 81y 10% 4% 8 33% 1% 15% 12% 11% °y | 2t unchane 129% 518 24, 191 S 26% » 49 2% 1 85% 113 85% 112 Singer Mfg(18%2) 108240 240 240 50 1% 3% 3% 3% 1 2 2% 4% #* 3% 2% 3 3% 2 i 3% 2 60 9% bayment: 60 9% ip dollars based on { ington produce market today. | mand light: | n':md 1 " broken glu on track. STAR, WASHINGTON, D. EGG PRICES WEAK ON D. C. MARKET Decline One-Half to a Cent, With Heavy Receipts Moved Slowly. Egg quotations were weak and one- half to a cent lower on the Wash- Heavy receipts were moved slowly. The summary, with egg, live poultry, fruit and vegetable prices furnished by the Department of Agriculture, fol- lows: BUTTER_-One-pound prints (02 mh 1-pound prints (50 1-pound prints (80 MF‘A‘I‘S—BQCY 12a22 7a19: pork loins. score). score). score), 16a18: fresh ot bacor, 3. nd. I5SSainty LIVE s’locxfiflou medium, hea 0ati 50. Digs. 50. lambs. 4.00a8.00. EGGS—Market weak and prices }ial lower: receipts heavy and moving slowly. Current receipts. 18a18'2: hennery whites; 19. with a few at 20 t_.o\rrnmem graded and dated white egg . extras. large. 241: U 8. extras, memums 19%; U sl.«nd"rds large. LR P OU TR Y farket Fowl 16a1 Pl 5a CBhas00; caives. b 008 very steady colored, ail roosters, 9 uth Rocks. ms. 20 7'to §"pounds. at unchanged prices. Leghorns, Snnnk chickens, all; 3 turkeys. hens. ds, 208’ Fruits lnd Vegetables. Sales in large lots by original receivers up to & am. tody PPLES— |rnLk No carlot arrivals: no cars on Supplies moderate; de- market weak. Virginia, Stay- No. Ve-inch minimun Yy-Inen 'minttaim 115615 minimym. 15041 65: i ecineh, minimum, PiaSich mibiimaen al.i minimum. 1.50a1 ¢ York( G s No 21a-inch minimum, 7 inch minimi 10: 2yingh’ minimum, 110a1 U, 1. 2V-inch mini- Pio-inch tin nch “minimum. No. 1 i Bushels mans 90a1.00 23, -inch 38, F | paid by General Foods have increased | o= | as follows: “winch minimum en minimum, 1.50a1.65 ans, extra fancy, Spitzenburgs, ext fancy. 1258150 t “and fancy. 1.5( rur!nl arrivals: and two unbroken cars on track ock: Supplies moderate: demand market weak. Florida. 1':-bushel domestic round type. 2.35a2 ):_truck receipts. fair condition Old stock: Supplies light: de- teady Yorl carlot arrivals; three e unbroken cars on track d ‘market washed, five broken and five unbroken cars on track Western stock: Supolies moderate: demand ' market steady d Cali- Western crates 3 Tower. 3 Southern drmnnfl light: mar- F 2-bushel hampers typ Onion Prices Improve. t arrivals Bic Boston ls: one car di- dnbroken cars plies light “"Telephones Sias s Supplies very_light: de- (’rad) sFlunfln. via Maine arrived: 7 cars on track Soutrern stock ht: market bushel ha L STATORS = Tup broken and_10 unbroken Old stock: Supplies 1hrm market Ne sacks Ro) o fair condition 75 n‘cemls mfl vound sack( R U ) Bt =|rk< Grren Mo 8. No. 1 Idsho Burhanke. U SNo Supoies “moderate. demand light: mareet staadv _ Florida, bushel crates Bliss Tri- umphs. U 8. No. 1._1.90a2.00. SPINACH—One South Carolina arrived: diverted: three broken and one cars, on track market weak 25a1.50. South Caro- Norfolk section, mv- pcurd sacks Russet New stock one c unbroke erate baskets: Texas 1 40a150 Virginia, no d }mnfla rates: per nt,’ express receipts and truck receipts. .’nu,.| 15: b;l‘h“l el hampers, Naricy H 1100 TO\(ATDFS —Two Florida arrived: nuroken cars on track. Supplie T 10-] pm'nd bas- ets. ripe: 25a1.50: few. 1.60. CATDIFLOWER o cariot arrivas: one unoroken car on track. Supplies mod- erate. demand Lsht. market steady. Cali- fornia. crates ° WIXED. \EGETABLEFNA carlot ar- rivals: no_cars on ck. LIMA "BEANS. Practically no supplies on'the market. Green Beans Higher. GREEN BEANS—No carlot arrivals; one broken car on track. Approximately 200 packages by express arrived: supplies mod- erate. demand light. market slightly stronger for good stock. Florida, bushel hampers, _green. flat mostly fair 1.50: poorer few best, 17 PEPPERS—SHHDH" light. demand light, marker steady, Cuba 1z-bushel crates Yeen: 2.0083.50; Flofida. nel hampers, small_sid 1.25a1.50: few best. EGGPLANT —Supnlies light. market steady. crates. fair condition 3.00. CUCUN ER&—fiunDllu 1kt marker siead ‘uba, 4.50a5.00, O] Gerand ’“.”.I.'“‘ steady. Cuba. 6-basket crates, SQUASH—Abproximately 100_packages by exvress arrived: supplies liberal. de- mand slow. market dull. Florida. bushel hazpers. white. wrapped, best. 1.25; poorer. (‘REEI\ Cofin—suppnu light. demand sl Florida. "standard type lower; 1A% Sondition. clisht. demand Cuba. 1%3-bushel light. demand . Dushel crates. a4.00. light rmu ALE 1 h( k b:<km<m.au’ L Virginia, - bushel COLLARDS—Practically no supplies on the market RHUBARB—Supplies mod!‘r’\l! dcm’md light dull. | Mic e d cartons. 603 3 CARR( No cafiot arsival broken ears on {rack, California. lettuce crates. | BEETS—Crates. *exas. 24002 50: Flor- buSALSIFY —Nearby sections. 6a7 per LANDCRESS—Maryland. bushel baskets, Georgia, 1.75a1.90; carlot arrivals; one broken and one unbroken cars on track. orida. crates. HES—! North and 3 huém SR aorth and South Clrollnl market Jancy 047 TURNIPS —Crates, Florida. 1.5 BROCCOLI—No 1.00a1.25; few AGE—-S:n‘roouls South c-roum. 250 :WS—Chile. crates. 1.75a2.00. 0 alifornia, boxes, a GR.}PE—AH!MIM lug boxes, 2.25: few ORANGES—Two Florida arrived; car_diverted; bushel baskets HONEY] 1.75a one two broken and fiye un- xes. Florida, to grade and size: California. 50 as to grade and size, PEFRUIT—One arrived; three unbroken cars on track. Florida. . 2.00a2.25, as to e. PP a4.50. one 5l)l carlot broken car on track. l.. C. L. Express Arrivals. Carolina. 25 crates asparagus, 120" bisnel” Daskets Tadishes; Calitornia, 25 crates lvocadox Flori¢ flu. 26 50-po|n;d crates cucumbers. 35 crates 1 bushel baskets "lettuce.” 65 busnel baskets , 22 bushel baskets okra, 32 biishel baskets peppers. B3 orates meppers 5 opushel baskets squash. 175 bushel pers green beans: North Carolina. 20 Dather baskets lcttuce. bushel baskets salad greens; Pennsylvani baskets mushrooms: Mlehlnn pound cartons rhubarb: unknown origin, 36 crates mixed vegetables, e AUBURN EXPORTS SOAR. AUBURN, Ind, March 20 (Spe- cial) —Export shipments of Auburn cars for the months of January and February of this year were the great- est in any like period in the history of the company and surpassed the .mvm. Venfln !Xpdl’l shipments for the year inch | Jargest physical volume of food prod- four | C., WEDNESDAY, $11, 143,575 EARNED BY GENERAL FO0DS 1934 Total Equals $2.12 a Share, Compared to $2.10 for 1933. Special Dispatch to The Star. NEW YORK, March 20.—The pam- phlet report of General Foods Corp., submitted to stockholders today, shows net income, after all charges and ex- penses, and provision for income taxes, of $11,143,875 for 1934. This is equal to $2.12 a share on the 5,251,- 440 shares of common stock outstand- ing at the close of the year, and compares with net income of $11,032,- | 948, or $2.10 a share, earned in 1933 on the 5251,468 shares then out- standing. | The report shows net earnings of | $2,112,142, or 40 cents a share, for the | final quarter, against net earnings| of $1,454,090, or 28 cents a share for the corresponding quarter of 1933. | Current assets at the close of 1934 totaled $38,590,613, compared with $34,941,135 for the preceding year, while current liabilities of $5,681,373, compared with $5,133,185 on Decem- ber 31, 1933. The current assets ratio stood at 6.8 to 1, unchanged from the previous year. “General Foods paid to its stock-| holders $9,452,614 in dividends in| 1934,” says C. M. Chester, president, in his statement to stockholders. “The quarterly dividend of 45 cents a share was maintained throughout the year. “In 193¢ General Foods sold the ucts in its history, 1929 having been the previous record year. Due to its economies and gain in sales, General Foods was able to show a slight earn- | ings improvement over the preceding | year, in spite of considerable increases in costs. | “During the last three years taxes | “In 1932, taxes totaled $2,347819, 50: | 1 | | | quarter. MARCH 20, 1935. compared with net earnings of $10,- 343,882. Taxes represented about 45 cents per share compared with $1.97 per share earnings. “In 1933 taxes were $3,990,553, com- pared with $11,032,948 net earnings, or taxes were equivalent to about 57 cents, compared with $2.10 per share earnings. “In 1934 taxes rose to $4,619,575 while net earnings were $11,143,875.75. Taxes were 88 cents per share, com- pared with per share net earnings of $2.12. FORD MOTOR TO EXPAND GLASS MANUFACTURING By the Associated Press. DETROIT, March 20.—The Ford Motor Co. announced yesterday that it will install glass-manufacturing fa- cilities costing $3,000,000 at its Rouge plant. The project will bring the total of the current Ford expansion program to $23,000,000. The Ford expansion program also includes a hot-strip steel rolling mill, a cold sheet steel finishing mill, mod- ernization of the power plant, instal- lation of new foundry equipment and modernization of the blast furnaces. NATIONAL DAIRY NETS $6,551,930 FOR YEAR By the Associated Press. NEW YORK, March 20.—National Dairy Products Corp., New York, re- ported net profits in 1934, after inter- est, depreciation and all raxcs, of $6,551,930, equivalent to 93 cents a share on common stock after allowing | payment of preferred dividends. Net profits in 1933 were $7.051,672, equal to $1.01 a share. Sales in 1934 were reported at $267,- 414,547, against $231,196,979, an in- crease of 15.6 per cent. DISTRIBUTION ORDERED. NEW YORK, March 20 (Special).— Directors of Supervised Shares, Inc., have declared a quarterly distribution | of 14 cents per share, payable April | 15 to shareholders of record March | 30. This distribution compares with 1 cent per share a year ago and 1.4 cents per share for the previous STEEL MILLS SET STILL SLOWER PACE Demand Continues to Drop, Along With Scrap Prices, During Week. By the Associated Press. NEW YORK, March 20.—Iron Age found steel demand still receding, nnd scrap prices shrinking, in its v\eekly survey today. But, it said, “Whether the decline in | business reflects actual reduction in consumption or merely mirrors the growing conserevatism of buyers can- not be answered definitely at this junc- | ture.” This steel authority said that thus far the automoblle industry, premier onsumer of steel, “has not pared down its ambitious production programs for | March and April, but it is increasingly apprehensive that retail demand will react unfaverably to the numerous po- litical and industrial disturbances of the day.” Iron Age estimated steel ingot pro- | ducticn at 47 per cent of capacity, | compared with 47'2 per cent a week ago, and its composite price for steel | scrap had receded to $10.83 a ton (rom $11.17 last week. =8 A_l5 Electric Power Output Records Moderate Gain By the Associated Press NEW YORK, March 20.—The Edison Electric Institute reported to- day that power production for the week ended March 16 was 1,728,323,« 000 kilowatt hours, an advance of 4.7 per cent over the corresponding period in 1934. Production the previous week was 1,724,131,000 kilowatt hours, which was 4.7 per cent over the period a | year ago. Greatest gain last week over the corresponding week of 1934 again was ‘.shum by Rocky Mountain States, | where a rise of 165 per cent was | made. Other increases were: New England, 3 per cent; Middle Atlantic, 136; Central Industrial, 53; West Central, 4.9; Southern States, 6.9, and | Pacific Coast, 0.4. A preliminary report for January |for the entire electrical industry | shows sales to ultimate consumers of 6,468,731,000 kilowatt hours, an in- ‘crcnte of 9.4 per cent over January | of 1934, and total revenue was $170,- | }g‘}“ooo an increase of 5 per cent over DIVIDENDS VOTED. |. NEW YORK, March 20 (Special) — | The trustees of Massachusetts In- | vestors' Trust have declared a quar- terly distribution of 21 cents per | share, payable April 20 to share- holders of record March 30, out of total income available for distribu- | tion amounting to more than 23 cents THOUSANDS of operators who have heard Ford V-8 Truck owners speak in glowing terms of V-8 Performance and V-8 Economy are now making their own tests and dis- covering that these reports are TRUE! Ford dealers are so proud of the 1935 Ford V-8 Truck .« » they are so confident of its speed, economy and pulling power . . . that they are placing their demon- strator trucks at the disposal of responsible truck opera- tors and inviting them to make their own tests. And so brilliantly does it perform, so apparent is its economy. that men in every line of business from heavy-duty haul- for lower operating costs. ing to fast delivery service are changing over to 1935 Ford V-8 Trucks and finding the answer to their demands Your Ford dealer asks you to take a Ford V-8, and make your own “on-the-job” test of V-8 Performance and V-8 Economy with your own loads, over your own roads. See for yourself what this 1935 Ford V-8 Truck will do for Youl Then ask the DELIVERED PRICE of the body type you need. You will agree that Ford has produced AMERICA'S GREAT TRUCK VALUE. The survey pointed to the recent re- | per share. This distribution is the ports of the N. R. A. and the Federal | same as for the first quarter a year Trade Commission stirring up again | ago. the controversy over the industry’s | . basing point system of price making as “the most disconcerting of recent MONTREAL SILVER. il | MONTREAL, March 20 (#).—Silver Tin plate Was said to be a bright | fiyres opened easier. March, 58.90b; spot, with output rising from 75 t0 85 | nau '5995b; July, 59.75b; September, per cent of capacity. Sheet mill out- | gg 955 'b_Bid. put dropped from 75 to 70 per cent of | capacity. | The week’s lettings of structural steel were placed at 45800 tons, the largesy since the first week of May, 1933, | Sl e e e RUBBER FUTURES. NEW YORK. March 20 (7. —Crude 1 ber_futures opened irreguiar, o lowe L hisher. * May, 10.80-00; iy, Se er. 11.18-2 In Every Line of Business from Heavy-duty Hauling to Fast Delivery THE ONLY TRUCK AT ANY PRICE THAT GIVES YOU ALL THESE FEATURES New Dmiver Comrort. The driver's compartment is com- pletely lined. Triple ventila- tion system. Instruments grouped directly in front of driver. Wider. adjustable seat. New DReCTED-FLOW CRANKCASE VENTILATION reduces corrosion and oil dilution. New Coouing ErFICIENCY. Larger water pump impellers. Six-blade 15Y;-inch fan. ‘Wider radiator. 15% more radiating area. StaaiGHT FRAME. no “kick-up.” On.iess FRONT SPRING SHACK- LES require no attention. Dezp-skmreD FENDERS in colors that match hood and cab. Baxep Enamzi Fivisw, more durable, easier to clean. $500 FOR 131%;-INCH CHASSIS (F. ©. B. DETROIT) 80-HorsEPowER V-8 Truck En- GINE. Uses no more fuel than a “four.” Exhaust valve seat inserts make valve grinding rarely necessary. High-lead bronze connecting-rod bear- ings resist pounding out, buming out and spalling. Fuii-rroamiNg Rear Axie, straddle-mounted pinion. FuiL TorQue-ruse DmivE per- mits free-shackling of semi- elliptic rear springs. New Quick-stoppING, Ris. COOLED BRAKES, longer life be- tween adjustments, will not “bell-mouth” or “fade.” New Crurch, lower pedal pressure at idling speed. plate pressure increases by centrifugal force as engin speed increases. Larger di- ameter. Longer life. New Loap Distaisution for bet- ter braking, more uniform tire and brake wear. LOW-COST ENGINE EXCHANGE PLAN A Ford feature. After thousands of miles of economical service, you can exchange your original engine for a block-tested. factory-reconditioned engine (cylinder assembly. including heads) for much less cost and in far less time than an ordinary engine overhaul.