Evening Star Newspaper, March 21, 1935, Page 18

A—18 xxxx FINANCIAL. THE EVENING STAR, WASHINGTON, D. C., THURSDAY, MARCH 21, 1835. FINANCIAL. mmmm By private wire direct to The Star. i 9-112;.- 2: ”“‘. — oot | Prev.1035 Stock and P Prev. 1935 Soctans | Baee et STOCK AVERAGES et o i irmend L S 8 oura a4 L‘.‘k) og e, c 2 BY U” I Yl UE V. jeal Alr L (k). 1. te. Add 00.High. Low. Close. Chge. < High ‘low. Dividend Re e % 4 14 14 + %| 26% 20%Seab’d Oil(Del)(11) 2% 220 22». +u l_ | :;:; :; Compiled by the Associated Press. e 40% 31 Sears Roeb’k (75¢). 35% 34% i:fi: 23% :g;fi:::’:,‘-’.:l:’ 9% 7% Servel Inc. 84 Th lh 30 15 15 60 ] 8% 6% AfMliated Prod (60¢) 1 7% TH T + % 14% 9 Sharon Steel Hoop.; 9% 9% 9% Indust. Ralls. Uil Stocks. . : el bl 1 b 5% 3% Sharp & Dohme. . ... ’ e Program Committee Leader 1155 104% Alr Reduction (1), 31061084 106 + % S T Shareuck P G)gEe. % % % 498 190 224 352 7% 5% Shell Union Ofl. . 5% 5% 313 2 Albany Wrap Paper Named for D. C. Bank | I 1 QiesCorp . 0 0 2% 17 l(cCrory Strs B (k). 45% 365 MclIntyre Podcu (2). 99 90% McKeesport T P (4) 8% 6% McKesson & Rob... 45 37 McKesson & Rob pf. ';Flurry of Short Covering 1| Establishes Advances l-H||+ 50.0 18.9 223 353 5% 78% 63% Shell Union Ofl Dl- . 634 63w 634 546 227 231 388 104 6 Stmmons Co. o 6 6% WATIENTONG DA ONNS = & BTN R LR NP B ANA NI D 1 8 % : 7 2% Allegpf wi30W(k). 2 2% 2% 2% — % 559 316 355 462 15% o lian Htoces (K 1| 18% 13% Simms Petro) " & Convention. 141 125 Allled Chem (6).... 5128 125% 128 +1 366 216 266 416 Pl B R e mmeRetl o M 1Ok LR e of 1 to 2 Points. 17% 12 Allis-Chalmers..... 4 144 13% 144 + % 495 185 216 348 28% 21 Mack Truck (1) Y| 20 16% Snidi % 1 19% + 3% 2% 4 B B BN N 614 430 406 514 4% 34% Macy (R H)& Co(2) %| T0% 11" Bocomyvas (Weerer 17 13- 1me ime s m ¢ [ 2 SBLIE0C BIN 2K ! 8 242 22V 18% Magma Copper (2) % or RicoSug (2) 30 ik P i vic IBAN BY EDWARD C. STONE. 181 3 16% 16% 16% + % 22 gma Copper (2) .. 25 20 Sou Por RicoSug(2) 2216 224 2215 + % BY VICTOR EUBANK, Lanier P. McLachl esident of | 541 43 Am Bank N pf 2008 541 54 5+ W 339 % 1 Mallison &Copt... 20 %| 12% 10%SouthCalEd13%).. 11 12% 11% 12% + 7| Associated Dress Pinancial Writer. nier P. McLachlen, presi f o5 T 22w 22% 226 + % 184.3 22 13 ManElevmg (k).. % 19% 12% Southern Pacific. 17T 4% 13% 13% + % the McLachlen Banking Corp., was lgg% 23% Amgrnkffh(' 15) e 618 618 13% 10% Manhat Shirt (60c) 3 16% 7% Southern Raflway. 9% 8% 9 -+ 1,/ NEW YORK, March 31.—The appointed today by President Fred- bt };w :m an (; '1) - 20167 167 157 + % 5% 4% Marancha Corp.... | 20% 10 Southern Rwy pf... 12 11% 12 + 7% | strongest upswing in the public utility erick P. H. Siddons as chairman of | 1574 151% Am Can pf (7)..... 6% 5% Marine Midld (40c). | 5% 3% Sparks-Withington. 2 3% 315 3% + % the Program 204 10 AmCar&Foundry. 1 11% 1% 1%+ 114 6% Marshall Field. . %l T GREeTeCo w0 B & fi % tssues in months pulled the stock mar- Committee in - :3:: ggh :mg:r‘& Fgund L g E?l:: ggu E"l?‘ Pk 2:30 p.m. 32 23% Mathieson Alk(1% %| 36 33 Spencer Kellog 1. 2 35% 85% 3561 + 14| ket out of its rut into a sturdy rally connection with » 6% 06 A ChialetSK) s 2 % T4~ T4 + % | Frev- 1938 Stockand Sales— Net. | 148 136" Mathieson A pf (7). 10s 9% 7% Sperry Corp (25e).. 3 8% 7% 8 + ia|in the late trading today. the % Am Chicle (13%) High. Low. Dividend Rate, Add 00. High. Low.Olose. Chge. | 44 36% May Dept Str (1.60). 2 %| 79% 5415 Splege 5 e annual con- 331, 221 Am Comel Alcohol.. 14 25 = 23% 24% +1 3 2 Curties Wright.... 21 2% 2% 2% 7 5% AECD. . 2 %| 19% 143 Stand Bran: 56 The rise of 1 to 2 points in the vention of the ' 10% 2 8% 84 8%+ %l 101 6y Curtiss Wright (A). 14 7% T Th + %| 40 33 Maytag pf ww (3) 1 129 123 Stand Brands pt (1) 308 utility issues was accompanied by District of Co- 8814 50s 841: 82 84 +2%| 50y 16 Cutler Hammer.... 6 17% 16% 16% + | 37 3215 Maytag xw (3).... 308 3 @ +1%| 474 21 Stand Com Tobacco 4 varied unconfirmed rumors in broker- lumbia Bankers' 3. I AmEnsaustle:..... 2 A% 1% 1%—%l SR 0 ST R R0 45% 41 Melville Shoe(23%) 3 43% +1%| 4% 1 Stand Gas & Elec... 3 Association to be 5% 84 Am European Sec 2 3 2% 3 =%l 31 294 peere & Co.. . 3 26 23% 254 +1 | 32 244 Mesta Mach (1%).. 12 +%| 5% 1%StandG&ES$4pf.. 2 Mp circkes. Oue wos thet nome of held at Hot| & ; Lb s fi:fi;fi:fi‘-’"‘fi'&'y S L T Deere&Co pt (3200). f T mu e [ 24 Miami Coppar...... 2 3 + %| 12% 4% Stand G&E$6Df... 2 the $4,880,000,000 of Federal work-re- , Va., Ma; 2 ik i ol »| 43% 24 Delaware udson i ont Pet (h50c) 2 16 6 Stand G & E $7 pf. 2 i gpr'g)?’s % M 2% 14 Am&ForPwpf () 4 16 15 16 +1%| gy 11 Del Lack & West... 12% 11% 12% + 3%| 13% 8% Midland Steel Prod. 2 Cab| e haoandaamen 2 lief funds would be spent for municipal DR 8 3 Am&ForPw2dpf. 8 5 4k B4+l | 117 1141 Devoe & R Ist pf(1) 108 115 S 6 L4l 728 88 MinnHonR (1%). 4 41% | 225 273, Stand Ofl of Cal H power plants. Another was that New & o ua 25% 17 AmHide& Leathpf 2 17% 17% 17% + % | 41 3414 Dome Mines (2)... 5 39% 5% 3% Minn Moline Pow. 7 11314111 Stand Ofl Exp p£(5) 1 York City had given up its plans for former president | g8 ¢ . 32'5 30% Am Home P (2.40).. 5 31% 31 31% + 3| 125 8 Dominion Strs(1.20) 1 8% sw. s~. — %| 6% 2%MoKan& Texas..,. 3 4| 25 23 Stand Ofl of Ind (1) 19 a plant. Brokers said the market of the organiza- 4% 31 Am Ice Co . 1 3% 3% 3% 24% 1715 Douglas Alrcraft... 4 19% 19% 19% + %| 141, 5 Mo Kan & Texas pf., e i ‘3,;; 35% Stand Ofl N J(11% ) 5 had been ripe for a rally, and that it tion and has al- 37% 28% Am Ice Cop 136 34 34 +1 | 16; 131 Dresser MfgAR1% 3 15 14 15 +1%| 3 1% Mo Pacific (X),..re, 1 | 1% 1214 Starrett (LS) a2ie. 2 did not take much to touch off a ready rendered 4 6% 41 Am Internatio 2 5 4% 5 + %[ g9i; 86% Du PontdeN (2.60) 20 90% 87% 89% +1%| 4 1% Mo Pacifispf (X)... 1 - 1| 64% 58% Sterling Prod (3.80) 3 flurry of short covering. the flssocllafl:: %g:- 33 :2 LL::::::;“D ; ;g:; 33’“ ;g‘ + %| 107 104 DuquesneLt1st (5) 60s105 104% 104% — | 16k 10% Mohawk C M (h26e) 1 | 1% 1% Sterling Secur (A). 1 hA.ltho,\_x;;uhdseflfmg gEeaize wAS s very valual L. P. McLachlen. 0% 2 60': 55 MonsantoC(1).... 2 9% 6% Stewart-Warner... 8 what i rom Ccco shares, service | SEEN SSs A MRy, ‘;"f’ ST K 8 8% Eastern Roll Mills.. 3 4% 4% 4% + %| 30% 21% Montgomery Ward. 25 %| 5 21 Stone& Webster 13 leaders continued to tilt backward The remainder of the committee ap- | 7% 3 AmMach & Metals. 7 b B B = % | 155, 110 astman Kod ()... 10 1175 115% 117% + % 2 3 25 Studebaker (new).. 10 with losses of less than a point shown pointed by President Siddons includes | 5 5 JTNCUSTY T 1 264 26% 264 +1% | 152% 141 Eastm'n Kod pf (6). 108 151% 151 151% —1 3 % | 120 115 Sun Ofl pf (6). 90s by American Tobacco “B,” Reynolds Victor B. Deyber, president of the| g i Am'pilch g Tieht. 21 2% 1% 215 + | 20% 16% Eaton Mfg ()., 3 18% 1T 1Th + % 7% Motor Wheel 2 %| 16% 117% Superheater (50 1 Lorillard and Liggett & Myers. A crop Second National Bank, vice chairman; | 13, g, g 0% 104 1 ™1 29 19} Electric AutoLite.. 5 21% 20% 21 + %[ 12% 7 Mullins Mfg. 2 13| 2% 1% Superior Ofl....... 1 of rumors purporting to give the i e ity | 13% SWAmPELESpf(14) 3 11% 10 11 +1% 95, 107" gleg Auto Litepf ¥. 10s 110 110 110 59 36% Mullins Mfz p 208 9% 5 Superior Steel. 1 o eal b Francis G. Addison. presideht Security | 151, 10 Am P&L $6 pf (1%) 3 18% 12 13% +2 o 30 Bl eotric Boat 2 4% 4% 4% % 8 4% Murray Corp 15 . Binc¥s 2% 1% Symington (A) ~ reason for weakness in this group on Savings & Commercial Bank:NR::herg 160 ‘}‘ux, Am Radiator....... 15 1;;-,. 1‘1& 1% s; -G'/: El::;‘;du- Ind > e o Gl: il PO o somsinincesb s ot Wednufiay Lranged all the way rron: V. Fleming. president Riggs National | 138 134!; Am Radiator p! . 208 38 138 3 11 Elec Pwr & Light. 4 24 1% 2 + 13| 19% 125 Nash Motors (1) 3 3 3% + %| 5% 4 TennesseeCorp.... ¥ prospective tax increases to some sor BankPH: HENoRee inrasldent Na s 21 SR Aot RollinkiUle: ¢ RS S AT S 01s R 15 o6 AU o s Ejes PweaLt86 pf 6 5w M 5% o %| 2T 14 NashvChat&StL.. 10s 16 21% 16% Texas Corp (1)..... 4 of Government investigation of the tional Capital Bank; Howard Moran, é’%“ = ms; Ras 216 ® S e BK N e n 814 3 Elec Pwr&Lt $7 pf. 2 64 5% 6 +1 81 6% Nat Aviatiom. 1 + % | 36% 305 Texas Gulf Sul (2) 13 1. | industry. The Treasury announcement vice president American Security &| 28 20 amShipbltg (2). " Tom IN 2t M| 4oi 39uElecStorBat (2%). B 4ln 39 41 +1u| 30% 254 NatBiscuit 3.0 31 5 25 25% 154 Texas& PacRR... 1 | that cigarette production in February Trust Co., and Maurice D. Rosenberg, | 7, o™ m Smelt - 1105« 105 %| 601; 52 Endicott-John (3) 4 60 59% 60 +2 184 13': Nat Cash Reg A 60c 1 + % 4% 3% Tex Pac Coal & Ofl. 1 | was more than 125,000,000 ahead of president of the Bank of Commerce 126 b AN Te “fr‘({,”‘ 3 126n 126 1261 T 3| 180% 1262 Endicott-John pf(7) 10a 130% 130% 130% — % | 17% 14 Nat Dairy Prod1.20 76 11 8% Tex Pac Land Trust 7 the same month last year failed to & Savings. Bl AN it 2%+ % ol i EngineersPubSve.. 1 1% 15 13+ %| 4% 1% NatDeptStore (k). 2 *%| 6 5K Thompn(JR)(50c). 4 stimulate much enthusiasm. At the same time President Siddons S Am S s 13 T h ST 7| 204 14 EngPubSvesspf.. 7 164 4% 16% +24| 34% 17% NatDepSt Ist pf(k) 50s T1| 17% 13% Thompson Products 2 | " overnight brokerage opinion uniform- a8 : = 22% 15% Eng Pub Swve . 3 +1% s PE . " e vity v ! s Z % 0 et i 14 THEreRR........... 2 8% T4 8% 414 a9 at Steel (11%) 7Y% mken-Detroit. . .. = tmcnpn on other 181 Am Sum Tob (1), 119% 19% 1%+ | 13 08 EURRRICG0ey 4 100 108 10+ 1| 11% 8% Nat Tea (60c).. i % + %| 36% 28%TimkenR B (1) ‘ b .’°”e‘:xffmelv o - District Bankers’ 987 Am Tel & Tel (9)... 34 103% 109% 102% +2 231 16 Evans Auto (a75¢c). 6 18% 17% 18% + % | 52 43'% Newberry(J J) 1.60 1 . 3 5% 4 « Transamerica (25¢) 7 Y a v modest offerings Association com- % 73 Am ‘Tobacco (5). 6 T4 Zzlv. 74 +1 g 5 3 Exchange Buffet... 50s 3 3 3 | 113% 109 _\:.wb"ry(”w““ 408 P 3% +1% 81, 5% Transue & Williams 1 wrere requ}re to bring abuut. declines mittees, this isan | $6% 75 AmTobaccoB (5).. 28 77 Ta% 76 + |~ . ¥ 4% Newport Industries 4 5 5 42 36 Tiico Prod @%)... 1 of minor fractions to a point in such unusually impor- ' Am Tobacco pf (6). 1 137% 1878 187% — % | "5, 17 patrbanks-Mors: 2 2215 2155 22 41 | 21% 124 N¥CentralRR... 17 | 3% 1% Tri-Contl Corp 10 trading favorites as General Motors, tant assignment.| 1% 2 AmType Fdraspf(k) ";' T 9 10 ™| s1 714 Fairbanks-mr 20s 85 89 89 3| 25 9l YChi&StLops.. 1 | 5% 4 Truax-Tra Coal 27 United States Steel, Chrysler, Ameri- T yeits e |l CTaAm Watsn WRa ). 28T R0RE 08 IDETRIE Vout i wannc T @5 6 6u+n| 8 2ZANYNH&Hartfora 3 i| 6 31 Truscon Steel. 2 can Can, National Dairy Products, i o Tas) 60 48 AmWatWist(6). 2 83 524 53 43 | o 5" peqLteTrof(6).. 108 541 535 5413 4213| 14% § NYNH&Haript. 2 3| 27% 18 TwinCity RT pf... 20s J. I Case, Eastman Kodak, Standard been one of the| ou 4% AmWoolen........ 2 5% 8% B+ ul (. %oy peascrew Works.. 1 2n 2 2 6 2ANYOntarlo& West 3 1 Oil of New Jersey and American Tele- : leaders uehWalsh- »fim ggofl;nn S ; 33 3;« 3; it 1% 7aFed WaterSve (A). 4 1 W 1 +%| 1 SNYRailwayspt... 4 1,| 61% 54 Und-Ell-Fisher (2). phone. TR CRSREe g o] T 03 g s 205 17 Fed'd DSteres (t1) x 1 17 17 17 16% 6 N'Y Shipbuilding.. 5 %| 50% 41% Un Bag & Paper (4) | On the other hand, continued ac- ' American Insti- e e R L 3415 2815 Fid Ph F Ins(41.35) 2 29% 29% 203 + 1| 85 71 N Y Steampf (6).. 10s 49 44 UnCarbide&C1.60.. cumulation of Coca-Cola, star per- tute of Banking. 31 Am Zinc & Lead pf., ot 1108, 106% Filene's S pf (6%).. 20s 110 110 110 -3 | 36% 30% Noranda Mines (h2) 2 % | 16% 14% Un Oil of Cal (1) . 8 ai 1 9 88, 9 - 3. former on Wednesday, brought about He is cashier of Anaconda Copper... 9% a 9 = 5% 1814 131 Firestone (40c).. 2 15 14% 14% % | 175 158 Norfolk & W (110). <13 | 111'; 83's Un Pacific (6). a gain of thi X’l s t thi: the Columbia Na- 144 Anchor Cap (60c)... 3 14 14 144 94% 85 Pirestonsot s (6) 2 8% 9%, 89%, 4 2 North Am Aviation. + %| 88% 7915 Un Pacific pf (4) 8 more than a point in this ! Honat Rank 413 Andes Copper. ... 1 i v a1 | SR iirastons B 4 (6 stock and modest buying in public onal Bank. 36 Archer-DlnM'l‘A 2 39% 39 39K + % h virs 1| 42% 35 North Am Co pf (3). 1 utilities was reflected by minor ad- 6% 2% Follal e | 15' 9% United Aircraft.... Other members 99% Armour Del D (T)o, 2 1081 103% 103% + 3% vances in Consolidated Gas, Public 2 Bros (k) 3 3 2% 2% 2 s + 1 4 4% 4T% 47% + %] 13% 9 NorthAmCo(l)... 34 ~1%| 26% 207 Un Tank Car (1.20). T 1 ! P 15 X 2 ) 28 4 1,| 69 57 North Am Ed pf (6) 41; United Air L vt obeft B. Lacey.” Of the Transpor- 37 Armour of Illinols.. 17 4% 3% 4% R M M e I 33 Tt i| 21% 13w Northera Pacific... i 231; United Bise (1.60). Service of New Jersey and American ; ___ tation Committee, 60% Armour Il prpt (8) 2 63% 63% 63% 71 60% Foster-Wheelor of. 30s 65 64 65 421 46 United Carbon 2.40. Water Works. Among other shares appointed today. were Ralph Endicott, 4 Arnold Constable. 1 4% 4% 4% + K| ,c o) Fourth NatInhssc. 3 20% ,q.‘ 20 1 107 Ohto O11 (hd45¢).... 1'5 United Corp. . advancing fractionally were Schenley ‘Washington Loan & Trust Co., vice 3% Artloom COTrp.s.eesn 1 3% 3% 3% 131 8% Fox Film (A)..... 5 9y 9 + W 4% Oliver Farm Equip. 20% United Corp pf. > Distillers, National Distillers and chairman; James E. Dulin, American 7': Asso Dry Goods.... 2 9% 9 M+ Ul e 1% Freenon-'x‘u-“(’l) 16 21 ,g. 21 42| 26% 1i% Oliver FprpfA.... 91; Cnited Drug... Johns-Manville. * Security & Trust Co.; S. W. Earnshaw, 3T Atch ToASF (hi).. 12 41k 39 40 +1 | 20 1IW Fresporeeienss 108 17 17 42 | _15% 123 Otis Elevator (60¢) 70 Unit Dyewood pf(7) 20 741 Atch To&SFpf(5). 3 76 76 76 - 4 . 112 106 Otis Elev pf (6) 3% United Elec Coal East Washington Savings Bank: T.| Hunton Leith, Security Savings & | 4% Otis Steel..... 71% United Fruit (3)... 20 Atlantic Coast Line 4 22% 20 22 + % . X 2 6 6% 6% 95 8 Gamewell Co. - DR RReE A SO A D N AT e 6 AtlGulf & W Ind pf 9% United Gas Imp (1) w York Cotton Commercial; Richard A. Norris, Lin- > e 78 512 Gen Am Invest 3 6% 64 63 “ € mp X s = 21% Atlantic Ref (1).... 4 22% 22% 22% + % 87!z United Gas 1 pf (6 coln National, and Aubrey O. Dooley, 36 Atlas Powder (2) 2 a1 31 am 38% 32%Gen Am Trans(1%) 5 35 34 35 e P 14 Diitsd Gas Kt ()< Hamilton National. 15 Auburn Auto. Other convention committees are to 615 Austin Nichol: be appointed at once and the plans 36% Austin Nich pf for the annual gathering will soon be| 5% 3 Aviation Corp Del in full swing, Mr. Siddons said today. 3 % ‘ 9% 7t Gen Baking (60c).. 4 8 T 8 12 1Te 158 17 4151 125" 115 Gen Baking of (8)..x T0s 121 1211 121% y . 7% 5% Gen Bronze 2 2712 19 Gen Cable pf. 634 501 Gen Cigar (17)... 1341 127% Gen Cigar pf (7). 25% 201 Gen Electrie (60e).. 23 22% 21': 22 11% 11 Gen Elec spee 3 3515 321 Gen Foods (1.30). " % 1 GenGas&El (A). B Ve S e 13% 10 Gen G&E 6 .cvptA 1 1% 1% 1% * 65% 5974 Gen Mills (3). 4 1| 34% 26% Gen Motors (1).... 1. | 113 107 Gen Motors pf (5).. 2 44 3% 31, Gen Outdoors Adv.. 2 4 35 4 31 13 10 GenOutdoors AdvA 1 “| 247 17%GenPrintInk1.20.. 508 24 23% 24 100 | 93';Gen Print Ink pf(6) 20s 99 99 99 1'< Gen Public Service 15% Gen Ry Signal (1).. - 14% Gen Real&U pf ww.. 164 Gen Refrac ctfs.... 12 Gillett Saf Ras (1).. 70 Gillett Saf R pf(5). 19% Gimbel Bros pf. ... 23% Glidden Co (+1.30).. 1 T4 21 Gobel (AdoIf)..uee ‘| 18 15% Gold Dust (1.20) | 116/ 113% Gold Dust pt (6). 11% 7' Goodrich (B F). 26% 15% Goodyear T & R By the Associated Press. ! NEW YORK. March 21.—Slight opening advances were followed by declines in cotton today under renewed liquidation and scattered selling. May sold off to 10.75 from 10.77, ruling around 1050, with the mid- afterncon market quiet at net declines of 18 to 21 points After the call. May reacted from 10.77 to 10.68 with active months | showing net losses of 2 to 4 points at the end of the first half hour. Trading in the current March de- livery ends at noon tomorrow and that position was relatively quiet and steady this morning. Trading was quiet and prices 19 Pacific Lighting (3) 127 Pacific Mills (h50¢) 70 Pacific Tel & Tel (6) 108 7 7 Pac W'n Oil (h40c). 1 31; Packard Motor.... ] 2%, Par-Publix ctfs (k) 2 2% Park Utah.. 7 12 Pathe Exchln:o . 4 11°~ Pathe Exchange(A) 4 8% Patino Mines 1 114 Peerless Mot 1 643% Penney (J C) @ 6 077 Penney (3 C) pt 1 Penn Dixie Cement. 1 9 1 8 1 2 8 1 1 l‘aUS&Forn Secur. . 40%; U S Gypsum (1).... 148 143 USGypsumpf (7). 45% 35% U S Ind Aleohol (2) 3 U S Leather....... T U S Leather (A)... 14% U S Pipe & F (50c). U S Realty & Impr. 17% 9% U S Rubber........ 423 24; U S Rubber 1st pf.. 1247, 106'; U S Smelt & R (h9). 69 Gz-USSm&th(!%L T'2 US Steel. ... 7 73% U S Steel pf (2).... 3 3% United Stores (A).. 3 4% United Stores pf.., 2 59 51 Univ Leaf Tob (2). 2 524 1407 13314 Univ Leat T pf ‘8) . x 10s 139 1% UnivPipe& Rad... 1 1% 12 UnivPipe & Rad pf. 10s 16% PPN e @ o o bt rt s 6% 14 Baldwin Loco (k).. Bus Line Earnings Improve. 26% &% Baldwin Loc pf(k). Net earnings of the Washington| 15 713 Baltimore & Ohio. .. Rapid Transit Co. continued the im-| 177 9« Baltimore & Ohio pt provement in February that had been | 7 5% Barnsdall Corp..... noted in January, according to the 445 3;;»; Bayuk Cigar (a;)i. monthly financial statement filed to- | 111 107% Bayuk Cig 1st pf(7) . 4 19 157 Beatrice Cre(a50c). day with the Public Utilities Commis- 181 113 Belding-Hem a50c. , son. ; 17'2 117 Bendix Aviation. ... The bus line reported operating rev- | j7s, 154 Beneficial Loan 13 enues in February of $33,658.76 against Best & Co (2) 4 $31,621.09 in February, 1934, an in- % Bethlehem Steel. .. crease of $2,037.67. Operating ex- % Bethlehem Stl pf... penses called for $30.622.57 in com- | 137 9% Blaw-Knox.... parison with $31,003.75 a vear ago, 1;?3 mg;.gl.:?m:fid.]lepun a reduction of $381.18, leaving an % Boeing Alrplane.... operating income of $3,036.19 gcom- DI 9% Eohn Alum&E;"L pared with only $617.3¢ in the same 5:"¢ 3;.‘ gordesto (1.5(1)“ month last year, or a gain of $2,418.85. | S g FOrE WArner (¢ Deductions from gross totaled | g0 547 Briggs Mfg (2). $1,742.02 in comparison with $2,048.46 | 371 531, Briges & Strat (3) .. a year ago, leaving net revenues for | 36, 32 Bristol-Myers 12.40. the month of $1.359.77 against a deficit [ 441, 361: Bklyn-Man Tr (3).. in February a year ago of $1,366.28, | 96'3 90 Bklyn-Man T pf (6) @ 8 @ B @ 8 5 L4+ +++ & 4 @ ¥ v 9 Ed 9 -4 l!»l+<l- 17% Penn RR (1)...... 30 Peoples Drug 8 (1). 17% Peoples Gas Chi. ... 13 Pere Marquette pf. 16! Pere Marquet pr pf. 7% Petrol Corp (h50c). 123, Phelps Dodge (h75¢) 3 Phila Co §6 pf (3)., 38t; Phila Co pf (6) n... Phila& Read C& 1. 67 4 Phillp Morris (1)... 9 4+t £ 1 = % o worked off slowly under scattered EE s nran T2 Rai iy T | liquidation. May sold down to 10.63 2nd October to 10.30 making net de- clines of about 8 to 10 points. A + Va-Car Cnemic:l. . 4%« Phoenix Hosiery '4 Plerce-Arrow (k)... s Plerce Oil. .. 3% Pierce Oil nf % Plerce Petroleum. . 14 Wabash (K)....... ' 13 Wabash pf (A) (k). L+ - s hig American strict §00d socd middling. 6.65; strict middling. 6. strict low 95 tet 4'x Waldorf Sys (h20¢) 27% Walgreen Co (m1). middling. 1]6'. 114 Walgreen pf (6%). middling. 4 A ‘ ¥ %l an improvement in the month under | 52 43 Bkiyn Union Gas(5) To due e 31% Pillsbury Flour 160 314 313 15| 3% 1% Walworth Co...... ires closd & 5 5 { 2 51 A E 2 B8 g 5 1eview of $2,723.05. 6", 53 3 Brown shoo‘ 3) wzl 1% Graham-Paige. ... . 1»‘: gll:!(s icrew: me 5% 6 + i ::- i garner Brnil ]Pic e a.é'ui S 0s: Ocl:‘?er ‘The summarized report for the first 6% 4% Bucyrus Erf + 8% ~ s Term Coal.. " » Warner-Quinlan 5% Granby Consol . 17 Grand Unionpf1%. 195 Granite City Stl (1) 28% Grant (W T)(11%). 9% Great Northern pf.. *| 12% 9% Great Nor Ore (50c) | 317% 26% Grt West Sug (2.40) 5 % 128 119 Grt West Sug pf(7) 50s 12612 126': 126'% %] 15 71 Gulf Mobile & N pf ‘ ————————— = 6% 3% Hahn Dept Stores. . 704 55 Hahn Dpt Stores pf Vb + 4t 12 Pitts Term Coal p! 113 Pittston Co. 6!; Plymouth Ofl 6% PoOr & Co (B)....u % Porto R Am Tob B.. 814 Postal Tel & Ca pf.. 1% Pressed Stl Car (k). 6% Pressed St C pf (k) 42% Proc & Gamb (1%). 20% Pub Serv N J (2.80) 625 Pub Serv N J pf (5) 73 Pub Sve NJ pf (6). o 3 105 1020 1 22 0 13 1 00 10 1O ot €3 80 GO 1O 10 B 10 10 19 19 4 b= 2 1200 Warren Bros 77 Warren Bros 1 \\elltFarzo..”... 301 Wesson O & S t1% 34 West Pa Elec A (1). 36 West Pa Elec pf (6) 39% West Pa Elec pf (7) E & 95 West Pa Pw pf (§). 2 9 K M. 4.60a65; N. 104'; West Pa Pwr pt {7) 5's Western Maryland. 15, Western Pacific. ... 2% Western Pacific pf. led to- | 13 8' Bucyrus B 2 tyomantEs of 1930 was alsoflied 5% 3% Budd (EG) Mfg... 25 4 3 4 +1 | day, showing a gain in operating rev- ) ’ efiuea(of $5:044 62 arin an ncreasedin || 33 1S53 SBudd(R G) Mtg ur_ 1160w SHAR2E 22 o DR operating expenses of $2,683.09, which 15 81, Bullard Co. . : left net operating revenues $2.76143 47 Bulova Watch...... 1 4 4 4 ahead of the first two months of 1934. | j51, 13y, Burr Add M (60e)... 6 14% 13% 14 + 3 + SAVANNAH NAVAL STORES. SAVANNAH. March 21 (P —Turpentine X es. 74. recei] hi After all deductions net income stood | 221, 12 Bush Tr Bldg pfect. 10s 12% 12% 12% at $2,213.19, against a deficit a year 2 14 ButteCopper& Zine ~ 2 11 1% 11 g0 of $1353.10, or a turnabout 5o far | 20% 11% Byers (A M) . this year of $3.567.29. H 2 3 2 V4441 2 English Brace Lamb Chop A 421, 361 Callfornta Pkg(1%) 3 39% 38% 39K + Ta| 7. 4 Hall WF Printing. 2 2 D 5 Eccles Explains Subsidy Talk. 4 2. Calumet& Hecla... 3 24 2% 2%+ %| 10515101 Hanna (M A)pf(7). 10s bl ";:‘;’SS:;"’gf,;’f ""s’) 20 ::::;::;;’TB . - With Kidney Gov. Eccles of the Federal Reserve | qjs, 71, Campbell-Wyant... 1 8% 8% 8+ 1| 20 16 Harb Walker (1). 1 1 19 P oeeen e el 2 & od | Board has changed the record on his | 16 95 Canada Dry G A (1) 4 10% 9% 10% + 1 7 515 Hat Corp (A)... 2 ¥ 1% Bullien 0 ‘? ). % “.eil"f‘,g ‘“ :§‘~ 1 (Since 1838) remarks about interest paid banks on| 134 9% Canadian Pacific... 36 10 92 9% + %| 864 81 HatCpfww (63%). 90s %6 Bure on c (3) 2 w:fl nfal!lxpn . 2 Government bonds being a “subsidy.” | 36 32 Cannon Mills (2)... 1 32% 32% 32% + 4| 3% 1% Hayes Body. 1 61 49% Pure Ofl of 20 35 veieah s"-’ l’ He told the House Banking Commit- | 7t 41:Capital Admin (A 2 5 4% + % 125 122 Hercules P p 208 % Ta Py Bt O Al e tee that this interest paid the banks| 63 45% Case (JI) Co. 5‘1,0 ’.?é g?_'- :21. +1% | 813, 7315 Hershey Choe (3)... 15% White R M S 1,460, 1 e e Government “does not Teally| %9 84 ~Case (J Dpt(s). s 86 an ,.| 391%4 338 Homestake M (136). 1 5% 4 RadioCorporation. 37 1% White Sewing Mch. constitute a subsidy.” His recent use | 44 361 Caterpillar Trac(1). 8 39% 38% 39 + 7| 36% 307 Houd-Hersh A (i2). 2 62!z 50 RadloCorppfA3y 11 1 Wilcox Oil & Gas... Pibe wohd' HE exniained fwasialqun= | oo SR CEINDeReICuED. ooc S1 B228 28 B2l 4 | R 9iC BC I HounnITe:Tereh Bl 45% 35% Radio Corp pf (B).. 75 4% Wilson & Coal2ic. of the wo P! 27% 22% Cent Aguire (1%).+ 120 28 26 +1% 3% 1! Houston Oil (new)., 16 2% 1% Radio-Keith-Or (k) e 68~ Wilson & Co pE (6), tation from another source, and he | g5 34 CentralRRofNJ.., 1 38 38 38 +4 | 524 43 HoweSound (3)...: 7 s G R e FriR el did not agree with the definition. 12% 6% Century Rib Mills. . 1 6% 6% 6% — % 5% 2% Hudson & Manhat. 5 e Reidm 0(32-) an (1) i o wl:t;l!‘:‘on n i’ur)n” ' Instead, he said, interest constitutes| 47 38%; Cerro de Pasco (3). 6 43% 42% 43 +1 13% 6% Hudson & Man pf... 1 G',; 4% Real s“sk Hosie = 2 -‘ . .‘ 2l e 25‘; Worh P:x:; oEA D payment to banks for services rend-| 331y 23 Certain-teed Ppf... 100s 26 26 26 +2 12% 8 Hudson Motor Car.. 3 39 25 Real Silk Hospf... 50s 25% 25 25 ™| 52 351 Wright Aero....... 3 31, o1 ered to depositors for handling de; 45% g?. g:eg&%hlo ((zi').). g gg:: gg“ g?"u + % 3% 1% Hupp Motors. .. 2 214 1% Reis (Robert). . ‘1'&. 1 .r“‘ % erxley(er)'f'.'.'a},. " _';;‘ its created through Governmen 447 esap Corp (3). 'y —_— 1% & Remington:! id Y. s ’ Porrawing. Payment of the public| 2 % ChiGtWestn(k).. 2 % % 17% 9 Illinots Central 7 B 2% Reo M.,‘.,?cf,"d o N e e AR s debt with currency would expand 4': 1% Chi Gt Westn pf(k) 2 1% 1% 57% 44 Il Cent lsd lines(4) 50s 15% 9 Republic Steel T2 10m 9% 100+ %| 21 18 YoungSp& W 1. 119 19 19 bank reserves by billions, he added,| 3 14 ChiMUStP&P.... 27 1% 14k 33 2% Indus Rayon (1.68). 6 491 28% Republic Steel pf... 4 325, 29% 32 +2 | 21% 13 YoungstownS&T.. 9 15 14 144+ % d would explode the banking 4% 2 ChiMilStP&Ppf. 98 2W 1% 70% 60': Ingersoll-Rand (2). 4 24% 20% Reynolds Metalsl). 3 21% 21% 21% + % :‘{‘Mm 21 2 fj:gg::fiorgvu:rpn{. 1 2: i 534 481 Inland Sisalin =2 51% 4413 ReynoldsTobB (3). 57 45 44% 44% — 1| 4% 3 ZoniteProducts.... 4 3% 3% 3a+ % i & e 3% 2% Inspiration Copper. 7 5% Ritter Dental. 1 6% 68k 64+ % The Governor said he is SUongly | 7.0 4o CnjPneumaticTool 4 5% 5% 5% —%| 4% 4 InsurShetMdlde. 3 t “ Balas SOSucEs on he Maw Yok Bxolaay opposed ? curroev:: m;g‘a‘;;“g‘;’:“gs 26t 20 Chan':';wkl)pf. e a : % 100 8% Interboro S Tr(H). 1 10 10 100 % 25 2k Toen AntaloRe B 2 20 8 2 LN A28 & means to rec V. 4 2% 1 ChiR[ (k)..... 7 4Y% Interlake Iron...... % 46 374 Safeway Stores(3 } % 7 cation of MY;IW:;’““ b‘;“‘;;‘:mhe N i) G ks i ke e R Sateway Strapt (8) 2708 108" 108" ,32:: o e i A e e e e ‘added that the danger o on 4% 1% Chi 3 + +1 7% 103 St Jose; % _ \1s largely imaginary. 29% 25% Chickasha CO (2). 127 27 + % 3% Int-CarriersLtd 200 2 4% 4 4% + % 1& sgns.‘:,hpl;:n(:ok?,, g 13:: lfh lft S dw.:%m?'fltimmuu 100 shares, anu: extra. IPius “We have been trying to get infla- | 42% 31 ChryslerCorp (1).. 65 34% 32% 3’{- + % | 33 22% Int Cement (1). 24% 24 24% + W z|,, 1% St L San Frpf (k). 1 1% 1% 1% + 3| O o stock P last year—no n[u.lu rate. b Payabie 1, Ition for several years, but unless peo- | 22% 20 City lce&Fuel (2). 1 21% 21% 214 + %| 43% 34} Int Harvester (60¢c) 11 37% 364 37T% +1%| 8% 6 SavageArms...... 20 9% 8% 9% + % | soek ‘-’fifl"&g"m ch,, f Plls 81 10 m’c:A-éc E.',?.‘fi{i:‘u’ +ple without money and jobs get money 9?% = S{f’ éf"‘ F“:t)fli.. 20; 92% nzu’ 92% :l% uga 13;‘ in: g-;vesée'r b:’("l)) : 1«;% ug“ w{u : :; 2:14 zg Schenley Distillers. 114 26% 25% 26% + % flmfllfifl- noEpanies sevorted Ip receiversiip or delng reos “ y Stores A > ¥ nt Hydro Elee . 20% 10% Schul % 3 u;l‘} = nn(‘!tthose peorl:'l: :;::h “nfia, | 16 12% Clark Equip (806) 17121 12% 12% 315 2 Int Merch Marine. 2 2% 2 2W—% ulte ReStrapf. 60s 12 111 12 + % foused mElus O% In stock. i Aion: en T s | 188 161% Coca-Cola (8).. $ 190% 180% 189% +1% | 204 2 IntNickcan ($e)er 30 2% 22% 3% + U 18% 16% Colgate-P-P (50¢).. % 130 I Int Nicl ‘an pf (7). - Exchange Trading Heavy. | Colg-P-P pt (6) 21044 104 104 — 3| 3 1kIntPaper&Pw(A) 1 1n 1% 1% GILLIES DEFENDS SHORT-TERM SECURITIES. FEDERAL LAND BANKS led 15% 9 Collins & Alkm: . § l‘;& ll}’ 12‘!2 : ;- 1% 5 Int P-per&!;: (?) ; 6% 6% s'/u +1K (Reported by Chas. D. Blrnt; & O(t;fl NEW YORK. March 21 (9.—Federal Mergenthaler Linotype led very ac-| 5% ° % Colo Fuel & Iron: % 12 41 Int Paper & Pw D: 1o 16 +1% X 0. { tand Benk Coder : & tive trading on the Washington Stock | 195% 10% Colo & South....... 10s 13 13 13 24% 21% Int Print Ink (1) 1 22% 22% 22% — % STEEL MERGER PLAN gg:;;cg:‘gg;.f: Lt 6 10018 u; " n" E8 i ugM ||¢rc FOI' &Q Exchange today. During the session | 13 6% Colo & South 2d pf. 708 7 7 7 + %| 101 98% Int Print Ink pt 10s 99% 99% 99% + % ey % Ter 1 1y 118 Juotations as of 2 o'clock.) 107 shares changed ownership in 7% 3% Col Gas & Elec. 65 5% 4% 5%+ | 4% 3 IntRysCentAm.,. 108 3% 3% 3%+ % 10 ay & Nov. 1941 101 1013, mm‘tm od 'ml seven chr'xsecunve gsa!ea all made at| 59% 35%ColG&EpfA(§).. 10 50 451 50 +5 45% 42% IntShoe (2)........ 1 43 43 48 Action Would §; P o Bethlehem E"u 199820 .. 1950-18 108 . 103% Y 30. the recent prevailing price 51% 31 ColG&EptB(5).. 108 44 39 4{ +9% | 75% 61 IntSilverpf (4).... 10s 60% 60% 60y — % (~ction Would Spur Competition, | Galiorals Fackioe o 1980 }:HE 101 Teke the detours out of your business - . : ). 1 Washington Railway & Electric pre- | 453 36 GoumaieNio sty 3 G 4t QR IR 0E STt Swisia 1 1o¢ 10° 100 || Declares Head of Corrigan, ixe s R L T I Ly LT ferred was in good demand, selling| g7y 5y, Comel Credit(A)(3) 1 B5% B5% 55% 116 110 Island Creek pe (6). 10s 118 118 118 +3% McKinney Corp. 104 168 1n 10 and 5 share lots at 103}2. Wash- | 133" 1097, Comel C 18t pf(6%) 100s 111% 111% 111% ———— : il il ington Loan & Trust was the only | ‘33 291; Comel Cred (B)(2). 708 80% 30% 30% — %| 57% 38% Johns-Manville. 42% 40% 41% +1% Mm & Rio Gr. 42s 1036. % bank stock moving, two 10-share and | 621 56% Comcl Inv Tr 2% 3 58% 57% 58% % %| 73 52% Jones&Laugh 1% 53 52% 53 + % By the Associated Press. Pub. Service blas 1930 104 1041 one 7-share lots changing hands at| 287 17% Comcl Solv (185¢c).. 12 19% 18% 18% + % CLEVELAND, March 21.—Donald gglua;m'rsnx fi:‘ amu - 106% 107t 200, same as yesterday's price. 1% % Comw & Southn.... 60 1 % 1 4 %| 8% 3% KansCity Southern 4 5% 4% 5%+ % i 6 Capital Traction 5s were still strong, | 40% 29% Comw &Soupf ($). 12 36 34% 35% +1%| 131 6% KansCitySouthof. 2 8 74 8 +1 |B: Gillies, president of the Corrigan, flfli:'.;"é:;’éi:‘x‘ 5’“‘? B . selling at 97',. Washington Gas 6s, | 34% 27 Congoleum-N(1.60) 2 28% 2% 284 +1%| 13% 71 Kaufm'nDS(ailc) 1 9% 9% + % | McKinney Steel Corporation, testify- | ntl. Tel & Tel 4% FOREIGN EXCHANGES. series B, sold at 104 and 103%, the| 10% 17 ConsolClgar....... 1 7% T4 T4+ %| 19 15% Kayser(J)&CoB0c. 2 16% 16% 16% ing today in the Government's suit|Lehigh Valle: Coal g 10 YORK. March 21 i —Foreign T a MmMevevnse o n 1 -Hayes .. 2 - or Capital Transi siock was 21 (0da | 55 17:] Gonsol Film pé G3). 2 174 1 17k - Ya 3 Kel CHayes B0 6 8K 8 8 | merger with the Republic Steel Corp. | g jiion: o 2 3 . 4 7 4 +70¢).. o . —] X Directors of the National Metropoli- | 55 757 Gone0) g':fr{l()l Ul il il e 32 38 Kenaah Go pt (0.5 10 84" 84" 8" T4 |expressed the opinion the merger mll)’emaea—mllumv R D regular seml| 8 6 ConsolOfl (h4de)... B T 6% T +% 12 15% 14% 14% would intensify competition. i, 43T Doa annual dividend of 3 per cent on the| 3, 2,Consol RRCubapf. 1 2% 2% 2%+ % 2 3% 3 3 -1 32.38 capital stock at their meeting yester-| 11 3 Comsol Textile...... 1 % % + 3% 8 21 204 20% + % 'n:l' Government is basing its suit o eece, day afternoon. disbursement s | 1% %% Container Corp (A): 2 104 104 10% + % 5 244 28% 24% + % Pflndpfll!mleontenfion the merger | yenadium C 5!,"”” ; B s April 15 t s of 5% 3% Contatner Corp (B). 3 % + U | —— would eliminate competition and | Warner Bros. 68 1030. ... R o wz*m Kprfl 5. 6% 4 Contl Baking t:m. 2 sg: u‘uz: 552 + : %% g;:uul.doog(l.tb-.. 10; ;gta m gfi- e e “:;m i LB 60: Tokjo .sffinma&‘ e K grad 54 46% Contl Bakin, . = Lambert e Niont N k. 9887 e ekhingtan Chapier, USHNE | T 674 Contl Can (3.40y:cr. 12 Gl 65% 674 +1. | 12 83 Les RubATire (s0e. 2 104 10 104 + % | Clayton anti-trust act. FORD DIVIDEND VOTED. - | iy vork™a Sontreal. 101 4265, fcan Institute of Banking, plans a| 9% 7 ContlDiaF(aisc). 1 8 8 + 34| 17% 10% Leh PortCement... 1% 1% 11% — %| " Gillies on direct examination testi-| LONDON, March 21 /P —The Ford e - 84 28%Contl [nsur (11.46)." T 30y 29% 30+ %| 12 8% Lenlgh valCoalpf. 3 TH Th Th+ % f Sle dancing party for members and thelr | %y, *%0500 yotors....... 3 % % % B e Valley RR. 2 64 5% 6%+ 7% |fled the Corrigan Corp’s market has|Motor Co. of Great Britain, Lid., to- special guests to be held at the Raleigh | o0 1500 0one 0 (Del)al12%e. 2 16% 15% 15% + %| 74% 67% LehmanCp(13.66).x 2 68% 68% +1% | been declining steadily since 1924, It ' 98y announced a dividend of 5 per METAL MARKET. Hotel, in the main ball room, Wednes- | g, 413 Corn Ex BK&Tr (3). 508 43} 43% 43% + % I 1% Lehn& Fink (1%4). 2 4% 1% .14% — %[ oo .00 0 cent for the past year on £8,669.000 | oo vore aren a1 e—Copper day, March 27. Edward M. Blaiklock | g5 g2 Corn Prod Ref (3).. 6 64 o + % 23% Lib-O-Ford G1(1.20) 6 24% 23% 24 - & G. Taylor Steel| (443,250,000) of ordinary shares of | ... eiectrolstic. spot and future, Blue 1s chairman of the committee. 6% 4KCotyInec.......ooeo 2 4% 4%+ % 101% 100 Ligg & Myers (16).. 1 99 ?’ : -1 |Co. of Cumberland, Md., and the New- | capital. No distribution had been | gygie 9.00. Tin varely steads: spot and Business of the Carpel Corp., food | 39% 35%Cream of Wht $3%. 2 38% 38% + % :ggll‘z l::: gn::y:rr: g;::; ‘: }gg% ‘57;: 16132 =1% | ton Stecl Co. because both were faced | made for the previous three years. Deatby, 45.70; future, 45.35. Tron quiet. distributing concern, has tumned the | 184 R Cromey Sa%0r e 3 G Wy Y| 0w ‘2us m:\fmc-’;»uuu). 2 26 254 26 + % With failure and the Corrigan needed g i L AT B O “p;'“’."l m 5% 315 Crown-Zellerback.. 2 4 4 4 +%| 26% 31% Loew's Inc (3) 2 345 33% 3% + K| thelr business, he said. HIGHER RUGS EXPECTED. Mu-‘mm 16005 oo' Antimony. spot. arnings geere B 2 17 16% 17T +1 1% 1 Loftinc...... o . S a share against 91 cents a share in| G2 1¢ gfiflfl::fi:} of... 1563 53 53 —3 2 14 Long Bell Lum (A). 1 1% 1% 1%+ w| B. P. Alrless, executive vice presi- | NEW YORK, M-rcwr: ;1 _(:»M 'rnu:' the previous year. The stock is listed | 7y, 5y Cuban-AmSugar... 2 6 5% 6 36u 33 Loose-Wiles (1).... 4 34 30 }:&:::dflmummflumq-mlw.m i fo arond AN AT |« Biedi: O of A Company on the Washington Exchange, th; 58 40% Cuban-Am Sugar lo; m :»;* :g: = z 21%, 1:03% ufllm;a 0 50 um 126% m & 3!& Hancock, secretary-treasurer, testified | | 1 number of rug buyers | reduced prices on 57 types of R. C. A. latest bid standing at w/..l and ;g: g ccm:mfi.(;r') 1 T et “Wlm *ml“';“lm“ ofl.... 1 % briefly as to records and stock issues | are to be currently active in the | radio tubes, ranging from 1 cent to e e ;'" ik B S0 Curus Puglpt (Mo 1 93 30 93 43 f0 100 108 Loulsy GEB()iHop 2 uu 1t 1266 41" |of the conporation, whefesala market, , #1475 per tube, ' 3 » 2 i » . IS