Evening Star Newspaper, March 22, 1935, Page 16

A—16 xz% FINANCIAL. INSURANCE SALES IN CAPITAL SOAR Underwriters Do 35 Per Cent More Business Than in February, 1934. BY EDWARD C. STONE. Sales of ordinary life insurance in the District of Columbia again Jeaped forward in February, the National Capital's persuasive underwriters doing | 35 per cent more business than in| February, 1934. The results make th(" average gain of 13 per cent for the whole United. States look pretty small. Adding the remarkable record bung up in January, sales for the first two months of the year in this city were 37 per cent higher than last year. Only four States in the Union made a better showing than the District. The list was topped by Montana with an upward bound of 59 per cent, ac- cording to the Life Insurance Sales Research Bureau of Hartford, Conn. ‘West Virginia followed Washington with a gain of 21 per cent, North Caro- lina scored an advance of 19 per cent, while Maryland reported an 18 per| cent upturn. Virginia was close to Maryland with a 17 per cent improve- ment and South Carolina, also in the | South Atlantic group, did 5 ver cent | more business than a year ago. | February sales in the Capital tma]od sales in Maryland amount- | 000; West Vir, <inia, $4,349.f 000 North Carolina, $6,553,000. and South Caro- lina, $2,543,000. Sales in the South| Atlantic section for the first two | months of 1935 were 25 per cent better than a year ago, just the same as the national average gain. In Washington 72 per cent of the life insurance companies having offices here reported that their February policies exceed the February, 1934. tals. From every angle the report ears out the substantial gains re- vealed so far this year by other im- portant business barometers. Declares New Financing Easy. Chairman Kennedy of the Securities Exchange Commission declares that the commission has arranged to allow new corporate financing to be carried out without hardships and reports applications totaling $200.000.000 in addition to the recent issues amount- ing to $85,000.000. He thinks business men ought to be freer in asking for new issues. After referring to the Swift and Pacific Gas issues, he said in his New York speech: “Can any reasonable man say that the control of those great corporations | is in the hdnds of men recklessly im- | prudent about the management of | their affairs? And if these men. after | careful consideration of all the prob- lems involved, have concluded that there is no unreasonable liability, burden or responsibility imposed by the new securities law, who dares to assert any longer that the Government | has made corporate financing legally | impossible? “The fact is that able business men wisely advised, have flashed a green light signaling that the road ahead | is clear of disaster. that the hurdles | of legal cémplexities, expensive fees and laborious detail have been prac- tically eliminated, that now there can no longer be any excuse for further delay. “We expect some sizable financing will follow. We expect a declaration of faith in the future of our country such as has characterized American business at the turning point in every previous crisis. Storage Dividend Declared. Directors of the Security Storage | Co., 1140 Fifteenth street, have de- clared a dividend of $1.25 per share on the capital stock, payable April 10 to shareholders of record on April, Secretary C. P. Ravenburg announced today. This dividend follows the 3 per cent semi-annual dividend voted this week by the National Metropolitan Bank and dividends on the common and preferred stocks of Woodward & Lothrop also declared this week. Atlantic Coast Line Railroad has de- clared a dividend of $2.50 on the pre- ferred stock, payable May 10 to stock of record April 26. The company also declared semi-annual interest of 2 per cent on the certificate of indebted- ness, payable May 1 Similar payments were made six months ago. There are only $196,700 ($100) preferred shares outstanding and $135,100 certificates of indebted- ness. Dividends on the preferred and interest on the certificates are payable only when earned. Both issues are closely held. Two More Treasury Issues. The Secretary of the Treasury has invited tenders for two series of dis- count bills, aggregating $100,000,000, to be dated March 27. One series of $50,000,000 will be 182-day bills, ma- turing September 25, while the other of $50,000,000 will be 272-day bills, maturing December 24. Tenders will be received at the Federal Reserve banks up to 2 p.m. on March 25. Preliminary report of Virginia Elec- tric & Power Co. and subsidiaries for year ended December 31, 1934, shows net income of $2,698,426 after Federal taxes, interest, depreciation, etc., equivalent to $13.82 a share on 195,297 no-par shares of $6 preferred stock. ‘This compares with $3.042294, or $15.58 a share on 195299 preferred shares in 1933. All the common stock g owned by Engineers Public Service 0. Washington Chapter, American In- stitute of Banking, has concluded a membership campaign which started last November. The chapter is now 10 members larger than a year ago, 365 actives and 104 sustaining, making a total of 460 members. Miss Etheline Parker of the Security Savings & Commercial Bank, won the award for l':mginz in the most sustaining mem- TS, | | | Bonds in Strong Demand. Bonds were in excellent demand on the Washington Stock Exchange today and at high levels. Capital Traction 5s again opened the trading, selling at 9712, unchanged from yesterday. Potomac Electric Power 6s figured in $1,000 and $2,000 transactions at 110. Washington Gas 5s, 1960, which have been so strong in recent sessions, appeared on the board at 115%. ‘Washington Gas 6s, series B, moved at 103%. Washington Railway & Electric 4s were strong, sales taking place at 102%. In the stock division, Potomac Elec- tric Power 6 per cent preferred was in the best demand, selling at 111 and closing at 1103. Potomac &Electric Power 5!, per cent preferred figured in a single sale at 114'5. Capital Transit smck was quiet, closing with 21 bid and 22 asked. ‘Washington Railway & Electric com- mon is now being quoted without the $20 extra dividend which will be paid in a few days. The total volume of business on the Exchange this week has been unusually good. ‘The Baltimore & Ohia Railroad is estimated to have shown a deficit in the first two months of this year ap- Prev. High. 13 T 331 11% s 115% 1% 200 1% 4 141 17% 3% 57 5% 1815 122% 123 20% 5% 60y 761 33u 108 8% 5l 23% 258, 321, 47 208, 5612 23% Ty 174 1% 2614 3% 134 15% 16 24 404 26 6% 26% 15° 177 110 5% 7 111 19 137 10 25 30'x 18% 115 23% 129 107 8 proximating $950,000 as compared with the much higher net loss in the same period a year ago of $2,033,759, 4 was announced 3 123w 20% 29 110% 2! 1211% 112! 170'; 1617 Coca-Cola (8)... 10512 101 15 THE EVE By private wire direct to The Star. 2:30 p.m. 1935 Stock and Saleb— Low. Dividend Rate. Add 00. High. 110 Abr & Strauss pf(7) zBo 112'4 4% Adams Exprei 28'5 Adams Millis (2). z wo 8 Addressograph. 1 104 6% Affliated Prod (60c) 2 & 104% Air Reduction ¢3).. 1107 1 Alr-Way Elec Appl. 1 1w 15% Alaska Jun (11.20).. 3 16% 1 Alleg Corp (k).. 21 1 23 Alleg pf ©$30w(k). 3 3 125 Allied Chem (6)..,, 91307 12 Allis-Chalmers 7T 14% 25 Amal Leather. 10 34 48's Amerada Corp (2) 45 Am Ag Chem Del(2) 135 Am Bank Note..... 119 Am Brake Sh pt (7) 110 AmCan (15).. 10 Am Car & Foundry. 2514 Am Car & Found pf. 38 Am Chainpt.... 66 Am Chicle (13%). 22'; Am Comcl Alconol. 613 Am Crystal Sugar. . 57% Am Crvsta) Sug of. 2 Am & Foreign Pwr. 14 Am & For Pw pf (7) 17 Am Hide & Leath pt 30% Am Home P (2.40). 313 Am Ice Co. 9 Am Locomotivi 32 Am Locomotive pf. 18% Am Mch & Fv (80¢) 24 Aml\ewlll’i 1% Am Power & Light. 8% Am P&L $5 pf (1%) 10'% Am P&L $6 pf (1%) 1013 Am Radlator. .. 15% Am Rolling Mills. .. 317 Am Smelt & Ref. ... 121 Am S&M 7% pf (7). 63 Am Snuff (+3%) 12 Am Steei Foundry Am Stl Fdry pt (2). Am Sug (2)... . Am Tel & Tel (9)... ", Am Tobacco (5).... 74% Am Tobacco B (5).. 9 Am Type Fdrs pt(k} T'x Am Water Wks (1). Am Woolen. . . lfin [,n 3 18 308 47 3 AmZinc & Lead.... 8 Anaconda Copper... 14 Anchor Cap (60¢)... 36 Archer-Dan M t1%. 9973 Armour Del pf (7).. 37y Armour of [1linofs. . 60" Armour I11 pr pf (6) 4 Arnold Constable... 71z Asso Dry Goods 87% Atch To&S F (h2).. 74« Atch To&S F pf (5) 20 Atlantie Coast Line 21% Atlantic Ref (1) 36 Atlas Powder (2). 3 106% Atlas Powder pf «6) 1008 1% Auburn Auto. 4 Austin Nichols. ’W. Austin Nich pf A 5. 3 Aviation Corp Del 13 Baldwin Loco (k).. £ Baldwin Loc pt(k). 713 Baltimore & Ohto. . 91x Baltimore & Ohio pt 106'4 Bang & Aroos pf(7) « Barker Brothers 5 Barnsdall Corp. 1070 Bayuk Cig 1st pE(T) "x Beatrice Cre(a50c). Beech-Nut P (1314) 11%a Belding-Hem a50c. 117 Bendix Aviation. .. 15'x Beneficial Loan 1%. 34 Best&Co (2). « Bethlehem Steel % Bethlehem Stl pf. 4% Bizelow-San Corp, 9% Blaw-Knox....... 103t, Bloomingdale pt (1) 61x Boeing Afrpiane... 49% Bohn Alum&Br (3). 90 Bon Ami (A)(15). 211« Borden Co (1.60) . 281, Borg Warner (1%). 2415 Briggs Mfg (2) ... 2314 Briggs & Strat (3).. Bristol-Myers 12 40 361 Bklyn-Man Tr (3).. 43 Bklyn Union Gas(5) 4% Bucyrus Er 811 Bucyrus Erle cv pf . 63 Bucyrus Erie pf (2) 31 Budd (E G) Mfg... 23 Budd (EG) Mfgpf. 213 Budd Wheal. . 81 Bullard Co. . 1 Burns Bros (B). s Burns Bros (A)vte. 1314 Burr Add M «60¢).. 12 Bush Tr Bldg pf ct. Butterick (K). 11% Byers (A M) —e 3615 California Pkg(1%) 13 Callahan Zinc. 215 Calumet & Hecla T13 Campbell-Wyant. 95 Canada Dry G A (1) 9% Canadian Pacific. . 32 Cannon Mills (2). 45% Case (J 1) Co...... 3615 Caterpillar Trae(1). 19% Celanese Corp. . ... 11% Celotex Co pf (k). 3884 Cerro de Pasco (2). 23 Certain-teed P p 37% Ches & Ohio (2 36 Chesap Corp (3) % Chi Gt Westn (k).. 1% Chi Gt Westn pf(k) 1% Chi MiIStP&P... 1% Chi Mil St P & P pf. 274 Chi & Northwestrn. 414 Chi & Northwest pf. 45« Chi Pneumatic Tool 20 Chi Pnen Tool of .. 251 Chickasha CO (2). 31 Chrysler Corp (1), 20 City Ice & Fuel (2). 87 City lce& F ot 6%.. 1; City Stores (k) % City Stores ctfs 245 Cluett Peabody (1). 2 Cluett Pea pf (7). 161 Colgate-P-P (50c) Colg-P-P pf (8) 9 Collins& Atkman. 15 Colo Fuel & Lron (k' 10% Colo & South. . 7 Colo & Sou 1st pf. 3% Col Gas & Elec 35%Ccl G & Epf A (8).. 31 ColG&EpfB(5).. 3415 Colum Ple vte (m1) 67 Columb Carbon (4). 3913 Comel Credit (2)... 5213 Comel CredittA)(3) 29 Comel Cred pf (1%) 1097 Comel C 1st pf(6%) 295 Comcl Cred (B)(2). 56% Comcl Inv Tr t2%. 111 Comel In cv pf(e6). 17% Comecl Solv (185¢c). % Comw & Southn...a 291 Comw & Sou pf (3). 27 Congoleum-N(1.60) 23% Conn Ry & Lt (4%) 43 Consol Film....... 17% Consol Film pf (§2). 157 Consol Gas N ¥ (1). 7214 Consol Gas pf (5).. 6'2 Consol Oll (h42¢). . 14 Consol Textile. - 9% Container Corp (A). 384 Container Corp (B). % Contl Baking (B)... 62% Contl Can (2.40) . 287 Contl Insur (+1 35), 15% Cont O(Del)a12%ec. 62 Corn Prod Ref (3) 4% Coty Ine.. 357 Cream of Wht fl" x 1215 Crosley Radio...... 23'% Crown C &8 (1) 315 Crown-Zellerback. 5% Cuban-Am Sugar. 40% Cuban-Am Sugar p! 15 Curtis Publishing 2 Curtiss Wright... 6% Curtiss Wright (A). 16 Cutler Hammer. 229‘ Deere & Co. . . Deere&Co pf (§20c! Delaware & Hudson Del Lack & West... Detroit Edison (4). Devoe & R (A)(12). 26'3 Diamond M 1113%). 34% Diamond M pf (13%) 34 Dome Mines (2)... 814 Dominion Strs(1.20) 17% Douglas Atreraft. .. 13% Dresser Mfg A h1% 9913 86% Du Pont de N (2.60) 1267 Du Pont deb 104 Duquesne Lt 1st (5) 30s 104% 3% Eastern Roll Mills.. 110% Eastman Kod ( 16% Eaton Mfg (1) 19% ElectrigyAuto Lite 107 Elec A HMD‘!. 2 4% 9 118 Low. Close. 1121 ll2h A% 344 211 17 % &l 24 Ao e b b+ 41+ 144 +++41 ” 4 ¢ 121 121%4 41% © Fesss " sreest % 1% 18913 18912 — Y% 17 104 10 17% 104 1047 ~ 6% 08 110% 110 5 .+ 4444014+ + 14+ " % % by NG STOCK AVERA STAR, WASHINGTON, S Compiled by the Associated Pri Net change . Today, 1 pm. . Previous day Month ago . Year ago 1935 high 1935 low 1934 high 1934 low . 1932 low .. 1929 high 1927 low . Prev. ;035 High Low 37x Electric 6'; Elec & Mus Ind. 114 Elec Pw 21z Elec Pwré& Lt $6 of.. 3 Elec Pwr&Lt $7 of, 52% Endicott-John (3).. Stock and Dividi nd Rate. 30 Indust. ..Unch. 50.6 50.6 54.6 555 56.6 49.5 614 453 17.5 1469 15 Rails. —1 19.5 19.6 227 372 276 18.5 15 60 Util. Stocks. +2 + 236 361 234 36.0 231 388 35.2 459 266 41.6 216 348 40.6 51.4 242 349 239 16.9 1843 1577 61.8 618 Net. Low Close Chge. 4 4%+ % 6l 6% 2 Sales— Add 00 Boat. . 3 3 9 3 5 2 T & Light 14 Eng Pub Svc $5 pf 142 EngPS $5.60 pf ww 5 Equit Office Bldg. TwErleRR... 9 Erie RR 1stpf 9l 10% Eureka Vac Cltlflc) 16 Evans Auto (a75c). 243 17 Fairbanks-Mor: 5% Fed Lt & Trac. . 110% 106'4 Filene's S pf (6%).. T 13‘. 1313 Firestons 85 Fireston. 465, First Na 2n\/. Food Ma 18 22 6% 110 1474 898 110 147% 90 © (40c) . oDt A (6) t Strs(2%) ch, (a25¢). ~ Fox Fiim (A) Vi Freeport-Texas (1) P Pt st b 8 Gamewel R43, Gen Am 42% Gen Am 11% Gen Asp! T In pf ww 6 Transt1%) halt. ... '3 Gen Baking l6D=) . 2 Gen Cable. 45 Gen Cable (A) 5012 Gen Cigar (17) 2013 Gen Electrie (§ 11 Gen Elec spee (80¢) 32% Gen Foods (1.830)... ' Gen Gas &El (A). 597« Gen Mills (3).. 26 ,Gen Motors (1) . +'Gen Motors pf (5) 3¢ Gen Outdoors Adv 10 Gen Outdoor: Adv 7% Gen Print Ink 1.20. 9315 1« Gen Pub 15% Gen Print Ink DfAS) lic Ser Gen Ry Signal (1), " Gen Realty & Util 16% Gen Refractories. 16 Gen Ref| 15 12 701 Gillett § rac ctfs Gen Stl Casting pf.. f Raz (1), 3 Gillett Sat R phsy. 2 Gimbel pros 235 Glidden Co (+130). 108% 1047~ Glidden Co pr pf (1) 213 Gobel (Adolf). 147« Gold Dust (1 ZU) T3 Goodrich (B F). 15% Goodyea 71 Goodvea rT&R. r$7pf(4). 2% Gotham Silk Hos 1% Graham- Paige 54 Granby Consol 28'; Grant (W T)(11%) 9%, Great Northern pf.. 9% Great Nor Ore (50c) 26% Grt West Sug (2.40) 1 Guantan; Gulf 30 Hack W ble 0% 55 amo Sugar. tes Stl 1st. PLA(1%). 314 Hahn Dept Stores. . Hahn Dpt Stores pf 4 Hall WV F Printing. 101 1% 94'3 85 1 11 125 Hanna ( 7315 Hershey % Holland 30 M A)pf(7). Hayes Body....... Hazel Atlas Gl (5). Hercules Mot (60¢) . 122 Hercules P pf (7) Choc (3) Furnace. Houd-Hersh A (j2). 61> Houdaille-Hersh B. 49~ House F' 9'x Houston 1'; Houston 43 in pt (3% Oil... 01l (new) . Howe Sound (3) 2% Hudson & Manhi 6': Hudson & Man pf... 8 Hudson Motor Car.. 1% Hupp Motor: 174 33 T0% 55k 37n 47 15"- 60'; Ingersol: 46% Inland Si 4 % 3% Int-Carr 33 437 2% 214 Int Merc! 22% Int Nick 1 Int Pape: S Int Pape! 13 Int Paper & Pw (C) 415 Int Paper & Pw pt.. 213 Int Print Ink (1)... 9813 Int Print Ink pf (6) Int Salt (135). . 5% Int Tel & Tel Interstate Dept Strs 29 9 57+ 381 73 212 Inspiration Copper. Insur Sh et Md 1l4e. 84, Interboro o Tr(k) % Int Agriculture. ... 161‘7 1&9" Int Bus Mach (p6) . 227% Int Cemant (1). 34% Int Harvester (60¢) 1% Int Hydro Elec (A). Johns-Manville 523, Jones&Laugh 7%pt. 5413 91, I111nots Central. 25% Indus Rayon (1.68). 1-Rand «2). teel (1). 41 1ers Litd 200 h Marine. .. Can (60c). r & Pw (A) r & Pw (B) SmFroanmueRnwomennSmreres < s ) - 10ty 43y ——— 8 13ty 19 3% Kans City Southern 6% Kans City South pf. 15% Kayser(J)& Co 6Uc. 5y 7x Kelly-Spring T (k). 6 Kelsey-Hayes (A).. 8% 18% 18% 22 . 19% Kresge ( 3% Kelsey-Hayes (B).. 14% Kelvinator (170¢) 13% Kennecott C (60¢) S8)). 28% 23% Kroger Gr&Bk 1.60. —_— 21 31 26 Lambert 1215 Laclede Gas St L. 20% Laclede Gas pf Co 13). 8'a Lee Rub&Tire (50c. 5 Lehigh Valley R R. 1413 Lehn & Fink (1%). 2313 Lib-O-Ford G1(1.20) 21 17 Link Bel Life Saver (1.60)... 97% Lige & Myers B(15) t (60¢).... 24'% Liquid Carb (11%). 311% Loew’s Inc (2)..... 102 Loew's L 1% Long Bell Lum (A) 33'2 Loose-Wiles (2).... 18% Lorillard P (12.20). T4 Louisiana Ofl pf... Louisv G&E(A)1%. 37 Louisv & Nash (3). 14'% 4TV 10% l()d'. 105 1% 342 19% 813 + 13 37s ne pf (6%) — 46 117% 113 MacAnd 28 McCall Corp (2)... 7% McCrory Strs A (k) 7 McCrory Strs B (k) 36% Mclntyre Porcu (2) 902 McKeesport T P (4) 63 McKesson & Rob... 37 McKesson & Rob pf " 9% McLellan Stores (k) Mack Truck (1).... 341 Macy (R H)& Co(2) 18% Magma Copper (2). 21 1 Mallison 7 Mallison & Co pt 13% Man Elevm g (k)... 4% Marancha Corp... 5% Marine M1d1d (40¢c). 3% Market St Ry pr of. 20 Marlin-Rockwell (2 6% Marshall Field.. 61 Martin Parry... 23% Mathieson Alk(13) 22 514 6% T 256% 1% 9% 32 40 MacAndrews & F 13 44 & Fpf (6). 29 9% 8y Blg 441 44% 98 100% 6% 67 41 101 21% 3515 20 14 813 15% 9% &Co.... 148 136 Mathieson A pf (7). 44 86% May Dept Str (1.60) 51 Maytag Co. . 33 Maytag pf ww ( ). . 321 Maytag xw (3). 84'% Maytag 1st pt (6) 3 Mengel Co....... 24 Mesta Mach (1%) 2! Miami Copper.. 915 Mid-Cont P 8% Midland (h50¢! Steel Prod. 58 Minn Hon R (f1%). 110 105 Minn H Reg pf (6). 3% Minn Moline Pow. l'/i 31 2 6% 4l 3 30% b 28% Minn Moline Pow pt 1 MStP&SSMpf. 2% Mo Kan & Texa 6 Mo Kan & Texas pf. 1% Mo Pacific (k). 601 55 MonsantoC (1). 21% Montgomery Ward. 3% T 1% 57% 23%, 24% + % bl % — % 19% 20% +1% i | quarters Do 2:30 p.m. Prev. 1935 Stock and Sales— Low. _ Dividend Rate. 7% Motor Wheel. 7 Mullins Mfg.... 367 Mullins Mg pf 4% Murray Corp . 30 Myer(FE)&Co 160, 2 1 10s 2 32 .1 4 Nash Motors (1 C‘q Nat Acme C 6% Nat Aviatiom 25 Nat Biscuit 2) 1315 Nat Cesh Reg A 60e 127 Nat Dairy Prod 1.20 115 Nat Dept Store (k). 17% Nat Dep St 1st pf(k) 1108 "4". Nat Distillers (50c) 51 s Nat En & Stpg (h1). 2 Nat Pwr & Lt (80e) 68 Nat Ry Mex 1st pf ma, Nat Steel (11%4). 9 Nat Supply Co. 4% Newport Industries 1812 N Y Alrbrake. .. 124 N Y Central R R. 9\ Iy ¥ Chi & St Lpf.. % N Y Investors (k). 2' N Y N H & Hartfor 6 NYNHG& Hart pf. 2% N Y Ontarfo & West "+ N Y Rallways pt... 614 N Y Shipbullding. . 30% Noranda Mines (h2) 158 Norfolk & W (110). 4 2 North Am Aviation. 13% 9 North AmCo (1)... 42'4 35'5 North Am Co pf (3) 57 North Am Ed pt (6) 13% Northern Pacific » Northwest Tel (3 1 164 364 4% 215 Oliver Farm Equip. 26% 1% Oliver F prpf A 51y Omnibus Corp. . 12%, Otls Elevator (60¢) x 70 106 , Otis Elev pf (6)... x 308 4'% Otis Steel. ... . 5 224 Otis Steel pr pf. 4 ®0 17 4 407 Owens-111 Glass (4) 314 Pacific G & B (1%4). 4 Pacific Lighting (3) ) Pacific Tel & Tel (6) Pac W'n Ol (hi0¢). Packard Motor .. .. Par-Publix ctfs (k) Park Utah... 3 Pathe Exchang Patino Mines. .. Peerless Motor. Penney (J C) (2). Penn Dixie Cement. Penn R R (1) . Peoples Drug ). Peoples Gas Chi. Phelps Dodge(h75¢) Phila & Read C & 1. Philip Morris (1) ... Phillips-Jones C... Phillips Petrol (1), Plerce-Arrow (k)... Pierce Petroleum. . Pillsbury Flour 160 2 Pitts Screw & Bolt.. Pitts United Corp. Pittston Co.. ... . Plymouth 01l (1). Poor & Co (B).... Postal Tel & Ca pf Pressed Stl Car (k). Proc & Gamb (1%4). Pub Serv N J (2 80) Pub Serv N J pf (5) Pub Sve NJ pf (6). Pub Serv N J pt (1) Puilman Inc (3) "» Pure Ol 8% Purity Ba 1 1 70 31y 2% 613 6ia 8ia 1t 42m 203, tadio Corporation. Radio Corp pf A 3% « Radio Corp pt (B).. s« Radio-Keith-Or (k) 16's Raybestos-Man (1) 1% Reis (Robert)..... Remington-Rand. . Reminzton-R 1st pt Reo Motor Car. public Steel % Republic Steel pf. . Republic Steel pf ct 20'¢ Reynolds Metalsl). 1214 Revnolds Sp 40¢).. 28 44 Reynolds Tob B (3) 217 Roan Antelorfe Ltd. 37! Safeway Stores(3). 104% Safeway Strs pf (6) 110 Safeway Strs pf (7) 10% St Joseph Ld (40¢c). 6 Savage Arms. Schenley Distillers. 2 Schulte Retail Strs. . Schulte Re Strs pt Seaboard Alr L (k). Seab'd Oil(Del) (11) eagrave Corp ars Roeb'k ( Sec Nat Inv pf (2 Servel Inc... Sharon Steel Hoop. Sharp & Pohme.. ... Sharp & Dpf (3%2). Shattuck(F G)2bc.. 3 Shell Unton O1l...... hell Union Oil pt Stmmons Co... 2 Simms Petrol (1). 2 Skelly Oil...... 167 Snider Packing.... 11 Socony-Vac (60¢).. 46 110 Wet Add 00. High. Low. Close. Cnge. FRIDAY, MARCH 22, 1935. TRANSACTIONS ON THE NEW YORK STOCK EXCHANGE Prev. 1035 High. Lov. 111% 107% Sol Am 25 12% 19% 164 20% 331 HY 36 9% 9% 13% B% 8% 8 50% 5% 32% 8% + % 8 0% — % 5% + Y% 32% +1% 13% 12% % b | 4 58 12% 16 115 320 1145111 2515 35 15% 647, AN e = G4 2% Studeb 120 115 16% 1 2k 95 5l 21% 36% LY 11 19% 4% 21 17% 10 301 16 Third > 13% Thomp: 84 18 Stock and Dividend Rate. 20 Sou Por RicoSug(2) 10% South Cal Ed 14).. 12% Southern Pacific. 7% Southern Railway. 10 Southern Rwy of... 2614 So Ry M & O efs (4) 3'» Sparks- 33 Spencer Kellog 1.60 7% Sperry Corp (25¢).. 542 Spiegel- 14% Stand Brands (1). 129 123 Stand Brands pt (’l) 10: l28“ 1'; Stand Gas & Elec... 1% Stand G & E $4 pf. .. 4% Stand G&E 6 StandG & 114 Stand Inv Corp.. 273 Stand Oil of Cal(1). Stand Oil Exp pf(5) 23 Stand Oil of [nd (1) 35% Stand Ol N J(t1%) 12'; Starrett (L S) a2fc. 584, Sterling Prod (2.80) « 6%Stewart-Warner... 21; Stone & Webster. ., un Oil pf (6) . uperheater (50c).. 1% Superior Oil. .. ? ! 5 Superlor Steel. 31, Sweets Co of Am 1615 Texas Corp (1). B 17 % Texas Gulf Sul (Z)- N 314 Tex Pac Coal & Ofl. %15 Tex Pac Land Trust 15'x Thatcher Mfg (a2be 213 Thermoid Co. . .. g g Ta + 3 7% Tide Wat Asso Oil.. Tide W, 4% Timken-Detroit. ... 284 Pimken R B (1) . E Transamerica (25¢) ¥ ¥ 1% Tri-Contl Corp. . 6 2 - 4'sx Truax-Tra Coal : Truscon Steel. Twin C FINANCIAL," 2:30pm. Bales— " Add 00. High. Low. Close. Chie. Invpf(5%) T3 111 11 + % 22% 22 224 126 124 12% 131 14% 8% 9, 1% 12% 28 28 3 3% 35 35'a 8 8n B5% - 14% 128% 3 3% % 93 1% 29% Withington, 24 33 53 May-Stern. 568, 147 544 14% 126, 3 ker (new).. L3 B + 4 | Nat Inv h8 | on Products %| at A O pt(§) | highl, |in Belgian belgas which ran into & ity RT pf.. 37 Un Bag & Paper (4) 49 44 165 1 11 & 8% 15% . 261 974 United 4'; United 2313 United 113 United 46 United 1'3 United 20% United 91 United 71% United 9's United 87': United 214 United United 2413 US Ru 2 1 21% 37'a 34 Gtil Pwr & Lt (A). 13% Vanadium Corp... Vick Chem (12.40). Un Carbide&C 160, « Un Oll of Cal (1) Un Pacific (6). ', Un Pacific pf (4) Afreraft, AlrLvte. . Bisc (1.60).. Bisc pf (7).. Carbon 2.40. Corp. Corp pf. Drug 10s 115, ) nit Dyewood p! Fruit (3)... i Gas Imp (1) g Gas L pt (5). 9, 92 % PceDW... %, 3 Pce D W pf. 300 U S & For'n Secur.. 1 » U S Ind Alcohal 42) 3 US Leather (A)... 14% U S Pipe & F (50¢). 3 U S Realty & Impr.. 91 U S Rubber. .. bber 1st pf. 1% 2 USSmeit& R (h9). USSm&RDI(3%4). U S Steel.... A U S Steel pf (2). 119'x U S Tobacco (17%) Univ Pic1stpf.... Univ I‘.x’ra& Rad pt a-Car Chemical 3 Va El & Pwr pf (6). 4'x Waldorf Sys (h20c) Walgreen Co (m1). Walgreen pf (6%). Walworth Co.. Ward Baking (B).. Warner Bros Plc... Warren Bros. .. P R 4 I3 | I 2 2 | e | Wesson Q&S 11%. 1 Wesson O&S pf (4) 1 West Pa Elec A (7) West Pa Elec pf (6) 397, West Pa Elec pf (7) West Pa Pwr pf (7) 1; Western Dairy pf B Western Maryland Western Pacific pf. Western Union.... Westing « Westingh'se Elec. . White Motor 2 110% 10412 5ty 2%, 20% 18y + Wh te +H 044 4% 21 21% 23% Yellow 11:00 A.M 1:00 P.M. RN declarations s Unit of trading less than 100 shares h Paid I e Payabl. in ca. 4% o swck 9% in stock | stock stock. e Plus dividends _ k Compan | ganized m Plus 5% x| in stock x Ex-didivend 408 42 408 44 808 501 108 11 'se AB 50c R'EMS 1.40. Wilson & Coal2isc Woolworth (2.40).. Worthington Pump Worth Pump pf A.. Wright Aero 3% Wrigley (Wir)t3%. Truck 18 YoungSp& W t1% 13 Younszstown S&T Sales of Stocks on the Ne 144 15 Ycrk Exchange. 0,000 0.000 160,000 | ‘0 (‘fl(l Divicend rates as iv cash Dayments based on the latest TWarterly 'or halt'vea 1 | tPartly exv.u IPlus \ ast year—no reguiar rate. b Payable In | 1 Pius $1 in special preferred a Palg this year ) Accumulated | ported (n receivership or being reor- ©Plus 3% i stock © Plus 2% h or stock nies In stoek ON GHICAGD AT Europe Serve as Bull- ish Influence. By the Associated Press. CHICAGO, March 22—Tension over references made in various as to apparent chances of war in Europe had a bull- ish influence on grain, values late today. At the day's top, May wheat was about 5 cents a bushel higher than Monday's inside level. Contributing strength to grains was a late authori- tative denial of reports the Argentine government had lowered its minimum price for new corn. Wheat closed firm, l:a3; above yesterday's finish; May, 95%a3%. Corn unchanged to 3; higher; May, 78%a%. Oats, % to 3% up. Provi- sions showed a rise of 15 to 27 cents. Unexpected strength in Liverpool wheat prices, combined with contin ied dry weather in most of the Southwest- ern area of the domestic wheat belt, also were bullish factors. Something of an offset at times were currency fluctuations in Belgium and cable re- ports from Buenos Aires that the minimum price for the new Argentine corn crop had been fixed at equivalent of 287; cents. These tended to create caution on price bulges. Smallness of wheat shipments to Europe from Argentina and Australia had a bullish effect on the Liverpool wheat market. Included in the Argentine shipments the last week were 273,000 bushels of wheat to the United States. Less was heard as to unfavorable weather con- ditions in the West and Southwest today, some light rains being reported in various places. The Modern Miller says: “Drougiit reports from the West and Southwest are increasing in severity and coming from a wider area. “Actual damage to Winter wheat so far appears to be largely confined to Western Kansas, Nebraska and parts of Oklahoma, Texas and Eastern Colo- rado, but the high winds have rapis depleted the surface moisture in the sections of the States Growing Chances of War in| growing | | which produce the bulk of the sur- plus.” WHEAT— Open L0lg-le - n' July .. September.. RYE— May . July . 87 Eeptember.. .58 Wy . September BELLIES— Ay 020016 May 16,10 July 5 16.20 | Baltimore Quotations. | _ BALTIMORE. March ) —Close wheat. No. 2. red Winter. garlicky. spot domestic. 614; March. 9iive: Chicago Cash Market. ‘Wheat, No. 1 hard, 1.0315; hard, 1.03. Corn, old, No. 2 yellow, 82; new, No. 3 mixed, 78; No. 2 yel- | low, 83. Oats, No. 2 white, 49'2. No rye. Barley, 68a1.20. Timothy seed, 16.80a17.85 hundredweight. Clover seed, 15.25a19.25 hundredweight. New York Cotton By the Associated Press. NEW YORK, March 22.—A quiet and somewhat irregular morning was followed by moderate advances in cot- ton today. May contracts sold up from 1071 to 10.81, and prices were within a few points of the oest at 2 o'clock, with active months showing net gains of 8 to 11 points. At the end of the first half-hour May was selling around 10.74 and Oc- tober 10.37, with the general list net unchanged to 3 points higher. Trading was quiet later in the morning, with prices holding fairly steady. Trade interests were said to have stopped the March notices and that position sold up to 10.67 just be- fore trading in it ended at midday or 3 points net higher. Later months were net unchanged to 2 points higher. Liverpool Quot: POOL. March (). —Cotton, including 6.300 American. prices 5. points lower. . Guo- ‘American strict good middling, 6.60; strict LIVER] 20.000 Spot quiet; ations in_ pence: middling, & mideling. 543 Sodamn 386: Jemiars, 5. RUBBER FUTURES. March 22 NEW R, (). —Ci fubber uree gpened lb-rslr nnd 5eis 0'd0a71s No. 2| FREIGHT LOADINGS RISE 10,162 CARS | (697,432 Total for Week| Is 30,117 Below Mark for Year Ago. | Br the Associated Press. ‘| The Assoclation of American Rail- roads announced today that loadings of revenue freight for the week ended | March 16 were 597,432 cars, an in- | crease of 10,162 above the preceding | week but a decrease of 30,117 under | the corresponding week in 1934 and | an iucrease of 143,795 above thie cor- | responding week in 1933. | Miscellaneous freight totaled 230,830 | cars, an crease of 7,577 above the preceding week, 3,027 above 1934 and | 80,054 above 1933. Less than carlot merchandlse; amounted to 160,267 cars, a decrease of 246 below the preceding week and | 5,926 below 1934 but an increase of 7,091 above 1933. Coal totaled 133533 cars, an in- | crease of 3,459 above the preceding | week, a decrease of 15,954 below 1934 and an increase of 44,256 above 1933. Grain and grain products loaded was 25,778, a decrease of 1,203 below the preceding week, 6,198 below 1934 and 972 below 1933. In the Western district loadings totaled 16,463 cars, a | decrease of 4,331 below last year. Live stock loadings totaled 11,762 cars, an increase of 79 above the pre- ceding week but decreases of 2268 below 1934 and 531 below 1933. In the Western districts loadings were 9,049 a decrease of 1,993 below 1934. Forest products loaded amounted to 25,337 cars, an increase of 927 above the preceding week, 47 above 1934 and 10,807 above 1933. Ore loaded totaled 3,548 cars, an increase of 137 above the preceding week, & decrease of 462 below 1934 | and 1,062 above the corresponding ! week in 1933.° Coke totaled 6377 cars, a dccrease | of 568 below the preceding weez and 2,383 below 1934, but an increase of | 2,028 above 1933. SAVANNAH NAVAL STORES. | SAVANNAH. March 22 (. —Turpen- tine firm. 49 ; llel‘ 47; receipts, no shipments: stock. #.582. Rosin mm | les. .fi.nrecelnls t158 shipments, 1.5 ote. and I 5. lb. Wfl. LX 60!06- 5101 b T *{gold ministers RAILROAD SHARES RISE NEAR CLOSE Other Sections of Stock Market Beat Time in Narrow Rut. BY VICTOR EUBANK, Associated Press Pinancial Writer. NEW YORK, March 22.—A sligh! improvement .n railroad shares fea- tured late stock market trading today After dipping along with the rest of the market in early dealings, mino advances were shown by Santa Fe Union Pacific, New York Central anc Southern Pacific. In other sections o the list the trend remained narrow although utili‘ies and key industrial hardened somewhat. Tobaccos con- tinued o lag and trading remainec quiet. The late tone was steady Transfers aggregated 750,000 shares. Foreign exchange markets were disturbed by renewed weaknes: squall when reports were circulatec % |in foreign capitals that the country | would either go off the gold standarc or devalue its currency. Earlicr, it had been learned that joternai peli- tics had made it difficult fu: those trying to form a cabinet to replace the recently resigned group of pro. headed by Premier Theunis The more than seasonal increase ir carloadings last week and official re- ports showing automobile sales in the first two months at 633309 units against 388.614 in the same period last vear, failed to liven the market to any considerable degree, although promi- ., such as Consolidated ic Service of New Jersey anc American, eased early losses anc wealth & Southern preferred gained more than a point. Americar Telephone continued to lag. Favorite tr: shares, including United States S Chrysler, Genera Motors, Santa Fe. Schenley Distiller and American Can, dipped a trifle. but suff port appeared to check the decline and a few leaders, includ- ing Johns-Manville, Pennsylvania anc Radio Corp. of America, advancec minor fractions, Tobacco issues. which threw the market into disorder during the final hour on Wednesday, were again offered lume at minor conce: ng metals were inclined tc despite the advance of !, cent an ounce in bar silver. * HUDSON CO. SEEKS $6,000,000 LOAN * Would Be Largest Industrial Ad vance Since Credit Plan Was ~ Authorized. e Associated Press. EW YORK. March 22.—The Hud- son Motor Car Co. is negotiating witk the Federal Reserve Banks of New York and Chicago for a $6.000.00C loan, it was reported in Wall Streei today If arranged, the loan will be the largest industrial advance to be made since this type of credit was author- ized for the Federal Reserve bank: vear. Under the present plan: certain commercial banks and bank- ing houses here and in Chicago anc Detroit will participate in the trans- action. Financial quarters understood the Federal Reserve Bank here would ad- vance about half of the loan. U. S. TREASURY POSITION. By the Associated Press The position of the Treasury on March 20 was: Receipts 4 ex $2.974 S Teceipis for the month ince July 1), $4.941.58, 4 Philadelphia Baltimore TAX-EXEMPT BONDS Also various CORPORATION BONDS which REFUND THE PERSONAL PROPERTY TAX. Selected List on Request GILLET & CO, Woodward Bldg. Natl. 2460 ENTERPRISE SERIAL BUILDING ASSOCIATION 7th St. & Indiana Ave. N.W. LOANS On Improved District of Columbia Real Estate Security 73rd series of stock now open for subscription F. H. Smith Issues S. W. Strauss Issues Bought, Sold, Quoted C. B. Pennebaker Company, Inec. Southern Blds. Washintgon, D. C. National 2335 National 2313 “Dealers in Unlisted Securities, Spectalizing in Real Estate Mortoage Bonds” 4 First Mortgage Money CONSTRUCTION LOANS and LOANS ON IMPROVED RESIDENTIAL PROPERTY in the District of Columbia. 512% Prompt action B. F. SAUL CO. 925 15th St. Natl. 2100