Evening Star Newspaper, March 23, 1935, Page 14

FINANCIAL .3, BONDS HOLD AT STEADY LEVELS Corporate Obligations Gain. Industrial and Utility Groups Neglected. By the Associated Press. NEW YORK, March 23.—Where trading interest was manifested in | the bond list today it was accom- panied by improvement in values. Rail issues performed well and brightened | the corporate division. Industrial and utility groups received comparatively little attention. Having had yesterday an oppor- tunity to register a reaction to the adoption by the House of the Patmun bonus bill and remaining on an even keel in the face of the news, the steady behavior of U. S. Government | issues today occasioned no special | comment in trading circles. | Treasury issues had a mixture of | small gains and losses and dealings were small throughout the group. Buyers paid from fractions to a/ point more for Great Northern 4!ss at 7115, New York Central 5s at 52. Southern Pacific 4':s at 61'4 and Nickel Plate 4!:s at 4934, Also slightly higher were loans of National Dairy Products, North Amer- ican Co. Standard Oil of New York, United Drug and Armour & Co. Selling pressure was lighter in the foreign department, although French 71;s continued weak. German issues showed rallying tendencies and Italian obligations were steadier. Bel- gian and Australian loans showed fractional impro\'emen[ MORE TOBACCO ) PLANTED BY VIRGINIA GROWERS| By the Associated Press. RICHMOND, Va, March 23.—In- ereased Virginia plantings of tobacco, | corn, oats, hay and sweet potatoes were reported here by Henry M. f}‘ay- lor, Federal-State statistician, in a forecast report for the coming year, but barley, cowpeas, soybeans and po- tatoes will show a decrease. “The total tobacco acreage this year is indicated at 128,000, as com- pared with 113,000 last year,” he said. Potato acreage will be about 90,000, as against 101,000 last year. acreage will be about the same as last year, Taylor estimated. RAILROAD CREDIT CORP. TO PAY $726,391 MORE | By the Associated Press. NEW YORK, March 23.—The rail- road Credit Corp. announced another distribution for its carrier-creditors. The corporation will repay $726,391, of which $351,351 will be in cash and $375,040 in credits on obligations due | the corporation. This will mark the | fifteenth liquidating distribution. Total repayments aggregate $22.079,735, or 20 per cent of the fund originally | made available to the corporation for the assistance of the weaker roads. DIVIDEND IS ORDERED. BOSTON, March 23 (Speciai).—A dividend of 20 per cent, payable on all | policies expiring in May, 1935, has | been declared by the American Mutual Liability Insurance Co. This is Ameri- | can Mutual's 559th consecutive divi- dend of 20 per cent or more. BOEING LOSS SHOWN. | SEATTLE, March 23 (#)—The quarterly consolidated report on Boeing airplanes showed a net loss of $225.977.15 for the last four months of 1934. Unsettled conditions, in- creased costs, a decreased volume of business and developments of new airplane designs were blamed for the Joss. CHICAGO STOCK MARKET ICAGO. March 23 (&.—Pollowing K‘ oH] he complete official list of transactions in :'OCIE Dgl the Chicago Stock Exchange to: Close. 163 4 Hizh. Low STOC] 50 AlliedProd [ 20 % 3 n ]! 400 Cni Corp S | 230 Cni Mm Order. ! 100 Gen Candy 250 Gen Household . 100 Ind Pneu Tool ' ¥ 40 Kalamazoo_ Stove 130 Loudon Pack - 100 Lynch Corp .. 150 Marsh Field | na z 50 Nobiitt-Sparks’ 50 Periect _Circle 200 Pines Winter 190 Public Sve n D Svc 7% pf. %0 Quaker Oat 70 StL Nat Stk vds 150 Swift_& Co Bo Uil PAL A 100 Wi 5 50 Wluk!shl Mot ‘Total—7.000 shares. Price Reductions Force Chemical Index Downward Special Dispatch to The Star. NEW YORK, March 23.—Price re- ductions in the markets for heavy and fine chemicals last week affected & number of articles of importance in several divisions, the Oil, Paint and Drug Reporter will say in its March 25 issue. Advances were rela- tively few, although these also applied to some major materials. The state of business was little changed; de- mand for paint materials showed further improvement and the seasonal call for insecticides was beginning. In most consuming circles buyers ap- peared to be still more cautious. Higher prices were quoted on red lead and litharge in car lots, and on codliver oil. Price reductions com- prised oxide and tetrachloride of tin, stannate of soda, 10 crystals, chrome yellow, calomel, corrosive sublimate nitrate of silver, epsom salt, some varieties of copal, dammar, and kauri gums, corn syrup, dried blood st Chicago, castor pomace, and im- ported nitrogenous fertilizer material. Supplies of xylene continued short. Demand for coaltar dyes wes slower. Prices on chromic acid and hydro- sulphite of soda, issued for the sec- ond quarter, were without change. ‘The Reporter’s index number of prices for heavy and fine chemicals receded from 1255 to 1253 (com- pared with August 1, 1914, as 100). In comparison with average prices in 1926, the Reporter's index number 45 now 88.7, against 90.4 at this time last year. 13481941 Peanut | New So Wales bs '57 BONDS ON N. Y. By private wire direct to The Star. Approximate Transactions Today. 0. S Gov't Bond: $ 750,000 Foreign Bonds 690,000 Domestio Bondi 8,950,000 LIBERTY. High, Low. Olose. 31%481932-47..... 101 7101 6101 7 1stov 4%s 32247 10115 10112 10113 4th 4% s 1933-38..10222 10222 10222 4th 4% 5 33-38 3d called.. 10020 10017 10020 4th 4% s 33-38 3d called reg.. 10017 10014 10017 TREASURY. . 10025 100 22 100 25 103 103 108 103 2 103 2103 2 10330 10: 10330 10326 10326 103 26 . 10710 10710 10710 10431 10430 104 30 1940-43 June 1074 107 4 107 4 3835194143 Mar. 107 8 107 8 107 8 33,3 1943-47 10615 10614 10615 s 1946-56 reg..109 5109 5109 5 .au 54 11022 11022 11022 148 1943-. IS 105 10430 105 flfill’fl 52..... 11517 11517 115617 FEDERAL FARM MORTGAGE. 351947 .10126 10123 10123 . 10116 10116 10116 3381964, . 103 4103 4 103 4 HOME OWNERS' LOAN. 25.11933 49..... 100 4100 1100 3 3 .. 10115 10113 10114 . 101 4 101 1101 4 | FOREIGN BONDS. H) | Abitibl Pa&Pw 58 °53. | Akershus 6s '63...... Antioquia 7545 D. .. Antwerp 68 ‘68.... Argentine 6s'57 A... Argentine 6s ‘58 B... Argentine 63 '69 June Argentine 65 ‘60 May. Argentine 6s ‘60 Sept. Argentine 65 '60 Oct. Argentine 6s ‘61 Febr Argentine 6s ‘61 May. Australia 4%4s '56. Australia §s | Austraiia 6s Austrian 78 ‘57 3l 1946-49.. 3135 1946-49 reg. 3 3 Batavia Petm 4135 '42 Bel:lum 68 '55. Belgium 6138 "¢9 Belgium 78 °55. Belgium 7s'56.., Berlin 6s '58. | Bolivia 8s'47... l>ralllGl,,!‘27-57 Brazil 8s ‘41 Buenos A 6861 at Py Buenos A 6138'61stPv Canada 45 '60. . ada 4338 '36 Canada bs ‘52 | Chile 63 '60. . lChlle 6s°61Jan Chile 6s ‘61 Febr..... | Chile 65°61 Sept.a.ss Chile 6563 | Cologne 6 Colombia 68’61 Jan.. Colombia 6s ‘61 Oct... Copenhagzen 65 '52 ... Cordoba 7s ‘57 stpd.. | Cuba 41454 Cuba 53354 Czechoslovakia §s ‘52 Denmark 4145 62, Denmark 6%3s '55. Denmark 6s ‘42 Elec Pow Ger fil/u 50 KEstonia 75 '67. Finland 6s '45. | Frameric In 7L:s 't" | French Gov 7%s "41. Ger C Bk A 6s'38. | Ger C Bk 4 6s '60July Ger C Bk A 6s'600ct. ‘ Ger Prov & City Bk con Ag 65 '58.. . Ger Gen El 6125 '40.. Ger Gen El Ts 45 . Ger Gov 6% '65.. | Ger Rep 1849, . | Graz 8s ‘54 unm co on Great Br & Ir 618 '37 GrtCElJap 6%s'50. | Helsingfors 6125 '60. | Hung Con M 713845 unmat coupon on | Italy 15 '51 ItalCrd P W 7837 A —_— Japan 6148 '54.. . Kreu&Toll 58'59A cfs Milan 6148’52 Montevideo 7s '52 91% 27% 4%, 38 98 9/ 168% Nor Ger L1d 63 "47. Norway 6s '63.. Norway 63%s 65. | Norway 6s ‘43 Norwly 6552 0-1083'55.......‘.. Panama 6s'63. . Paulista Ry 7 Poland 65 "40. Poland 7. Poland 88 '60. Porto Alegre Tijs 66 July coupon oft . Porto Alegre 8s 61 June coupon oft. | Prussta 6s 52 Prussia 61 | Riode Jan 6%s 53 Aug coupon off. ., Riode Jan 8s'46 April cupon off.. Rio Gr do Sul 65 ‘68 June coupon off.. Rome 634852 . | Roumania 7s ‘59 Aug coupon off. . Santa F Arg 7s'42 stp Sao PauloSt7s 40... Saxon Pb W 615 '61. Saxon Pb W 7s 45 Saxon St Mg 6.8 ‘46 Saxon St Mtz 7s'45.. | Silesia Klec 6%s 46. . | Silesia Prov s '68. .. Tokio El Lt 6863 Tolima 78'417. Ujlgawa E P 78 45 Uruguay 6s Warsaw 7s ‘68 69 83% 83% DOMESTIC BONDS. Alb Per W P 6s'48... 45% 45 Alleg Corp b 68 674 Alleg Corp b3 '49. 57 56 Alleg Corp bs '50. . 16 15 15 Alleg Corp bs '50 slp. 11 10% 11 Am Beet Sugcv 0 100% 100% 100% 561 56 56 Am & For Pw b Am1GChb% 106 105% 105% Am Intl 638 49 89% 89% 89% Am Roll M 6s '3 105 104% 104% Am Smelt & R 63°47. 104% 104% 104% Am T & T 4%s°39.., 107 107 107 Am T &T cl tr bs 46. . 110 109% 110 112% 111% 111% 112 111% 111% 112% 112% 1128, 31% 3% 91l 9 T0% 70% 69 Yokohama 6s '61... 83% 45 6% 5T Am Wat Wks Am Wat Wks Anglo-Ch Nitr 7 Armour& Co ¢% Armstrg Cork b: AT&S Feds'60... A T&S Fead 4595 st. A T&S Fegn4s95.. 1 A T&SFRMt div4: Atl Coast L 1st Atl Refin deb 65 ‘37 Atl & Yad 4549 P — B&O1st ¢s'48.. 102% 102% 104 104 109% 109% 105 105 83% 84 1083 108% 39 39 43 105% 57% 714 | Childs & Co 55 43 THE EVENING STAR, WASHINGTON STOCK EXCHANGE Net change .. Today, close . Previous day Month Ago Year ago 1935 high 1935 low 1934 high 1934 low 1932 low 1928 high Today, close Month ago . 1935 high . 1934 high . 1928 high . Bell T of Pa 65 '48 B. Beneticial L 6s - Beth Stlrf db 55 '42.. Bos & Me bs '55 Bos & Me 6567 Bklyn Cy R R 5541, Bklyn Edis 6s '62 E. . Bklyn M T 63 '68 A Bkiyn Un El 63 '50.. . Buft R&P con ¢3%s ‘67 Bush Term cn 58 ‘55, Bush T Bldgs 58 '60.. Calif GEE ref 5531, Calif Pet 63 '3y . Can'dian Nt R 435554 Candian Nt R 435s'57 Can'dian Nt R 4%s 68 Can‘dian Nt 55'690ct. Can'dian Nr db 7s '40 Can'dian Pc db4sperp Can’'dian Pc 4338 60. Can'dian Pc 55 '44 cfs Can'dian Pc 55 '54... Caro Cl & O 5s '38. Cent Hud G&E 55 '57. Centof NJ gen bs'87 Cent Pac Istrf 4s'¢9. “ent Pac 6s '60. Cert'd deb b3s '48. Chesap Cp ev cl 68 '44 0" | C& O gen 4} C&O4%8'93A. ... Chi & Alt ref 3s'49 Chi B&Q1 div 3%s 49 Chi & K 111 6851 . \th&l‘,!tlconfil 31. CR1Grt W 4s 69, . CM&StP 4589, . CM&StP gn 43589 C CM&StP 42889 E. .. CMStP&P68"5... CMStP&P adj b3 2000 | Chi & NW gn31%s '87 Chi & NW gn 4s'87.. Chi& NW gn 4s'87 st Chi & NW 4338 2037.. Chi & NW 4338 2037C Chi& NW 438’4 Chi & NW 4% s"87. ’.lchl&l\w gn bs'87.. & NW Nr W S’xl 6 Cé& C C [o} [~ c Chi Un Sta b5 4 Chi Un Sta 65 63 B Chi Un Sta 6%s 62 C. Chi& W I con 48 '62. Chi& W 16345 62 Cawlistrfo®ss2C Chile Cop deb 5s '47., CinGas El 4368 A... Cin Un Ter §s 2i Clev Un Ter 432877, Clev Un Ter 6573 B. | Clev U Ter 6%s 12 A Columbia G & E deb 6852 April...oee | Columbia G & B bs'52 May. Columbia G&E 68 Com Inv Tr bl Con Coal Md rf Con Coal Md 6s'60 cfs Con Gas N ¥ 43851, Con Gas N ¥ bs'57... ConG N Y 634545 reg Crown Will P 6s '51. | Crown Zell 63 40 ww. Cuba R R 1st 5s '62. Cuba Nor RK b%s 42 | Cuban Cane P 6s'50. | Cumb T & T 6837 | —eeeeeee——— Del & Hud ref 4s"43. Del & Hud 538 37... Den G & E 58 51. | Den & R G cn 48°36. . Det Edison 415’61 D Det Edison rf bs '49.. Dodge Scvdb6s 40, Dul & Ir Rg 68 '37. Dul S S &At 55 '37. Duqu Lt 412857 B ETV&Gacnb5s'56. Eriert bs 75. — Fed Lt & Tr 6842 FlaEC Ry 43%5s'59.. Fla EC Ry 6874 Fla EC Ry 63 'T4 cfs. —_— Gannett 6343 Gen Cable 53 Gen Steel C Gen Thea Eq 6s 40 Gen Th Eq 68°40 cfs. Goodrich 6s ‘45.. Goody'r T & R 68 °57. Gould Coup 6s '40 Gr Tr'k of Can 6s Gt N Rref4%%s'61 GtN Rgen 4%s GtN R gen 434317 B GtN Rgen6s'73C... GtNRb6%8'62B.... GtNRgen7s'26 A Gulf Sta Stl 6%s "4 Har Ry-P C 1st 45 ‘b4 Houston Oil 6%s '40. Hudson Ceal 68 52... Hud & Man inc bs '67. Hud & Man ref 6s '57. 111 Bell Tel ds 111 Cent 1st 3358 °51.. | 111 Cent coll 111 Cent 4% '66. 1CC& St LNOG8'63. I11 Steel deb ‘*.i“' % IntRT 78'32. [nt Cement bs ll Int Hydro El 68 ‘44 Int Mer Mar 65°4 Int Tel & Tel 63 °6b. .. Iowa Cent 6s '38 ctfs. — Kanaw & M 4s "90 Kan C Sou 1st 38 Kan C Sou rf in bs '50 Kelly Spr Tire 6842, Kendall 5348 43 ww. Founda €s 36 Long Isl ref 4s'49. Long Is! deb 55 °37... Lorrillard 7s "44 G& 52 A L& N4%s2003C L&NGs3T... L&N5s2003 B BOND AVERAGES Comptled by the Assoclated Press. High, 11%% 110 105% 6415 64 9 109% 1061 Consumers Pwr 58 '52 1 110 100 63 46% 5% % . 100% TA% 59% i 100% 100% 100% | Long Isl gen 4s5°38... 105% 104 103 Lou 99% 99% | L & N unif 4s "40 reg. {0% 106% 106% 561 | L & N So Mon jt 4s'52 80 56% 67% | M'Cro'yS s%s'41flled. 90 96 68°60. 90% 90y unu'u... lo 80 McKess & R 6%8 Manati Sugar 1st7%s’42 ctts.. 156 15 98 100 a0 % Ra ils. 10 Indust. 10 Util. +.1 81.7 876 88.9 84.8 88.9 845 88.9 68.2 64.6 79.2 9.0 84.8 86.4 818 8.2 894 4.5 45.8 101.1 731 40.0 98.9 10 Low-Yieid Bonds. e 1100 ees 1101 . 1103 . 1083 . 1044 Low Close 118k 118% 109% 110 105+ 105% 64% 64 9% 109% 1061 90 90 39 s 884 110 100 63 46 57 107% 104% % 8T 54 87 99% 26% 7 35 55'% 64 43% 63% 54y 591 KN 100% T4% 5915 108 49% 103 108 100% 100% 60% 8 68 110 100% 3% 591 107 49% 102 103 100% 60% 8 68 43% 43% 120 120 1043 104% 105% 1054 104 104 103 103 126% 126% 111% 111% 101 101 107% 107% 105% 105% 80 80 39 80 9in 8 1% | Met Ed 1st rf 4355 68 | Mich Cent 4% s 7! il Richfield Ofl 6s '44. .. Previous das Year ago 1935 low 1934 low 1932 low High, Low. Close. Manati Sugar mod T%s '42 ctts stp. Market St Ry 1215 12% 671 6714 101% 105 95 103'% Met Ed 1st rf bs ‘53. . Midvale S&O 6s ‘3., MilER&SL5s'51. Mil ER&SLrfss71 MilSpa & N W 45°47. MStP&SS MStP&SS Mo K & T 45 62 B MoK &T ndl 5567, Mo Pac 487 Mo Pac 6s ‘77 ¥ Mo Pac 6s'80 H Mo Pacs'811.. Mo Puc 5%s'49 A, Mob & Oh 5538 Mor & Esx 715 2000. Mor & Esx 58 '55. Murray Body 614 Murray Body 6 | Nat Dairy 6%s 48. Nat Steel s '56 Newb'ry (JJ)5348 40 | New E T&T 1st 65 '52 | New J P&L 4355 '60. . | New Or P ‘63 A.. | New Or T&M 5s New Or T&M 5328 ‘54 N ¥ Cent con 4s 98... N Y Cent rf 434s 2013 | N Y Cent rf4? 013n N Y Cent rt 5s 2013, , N Y Cent deb 65'35. N Y Centev 6s 44, NYC L Sh3%s S NYC&StL 1st 4s'37.. | NYC&StL 4% °78.., StL blys 74 A, L 1st 6s°35., | N Y Dock §s '3%. N Y Edis ref 63%4s 41, INYGEIH&EP 45 4s. N Y G El H&P 55 '48. NYLac&W lstds ]vw' NH & H 4s 57. NH & H 4%3 67, [ NH & H ¢l tr6s40 NH & Hev 6s 48 UK\\ ref 4s 17 30 46 425 461, 11 86 1074 1 195 ' Steam 1st bs Tel gensl3a'3 North Am Ed bs " Nor'n Pac gen 3s Nor'n Pac 45°97..... Nor'n Pac 415 2047, or'n Pac 55 2047 C.. Nor'n Pac 6s 2047 Ohio Pyb Ser is '47. Ohio Pub Ser 7348 '¢6 Ore Sh Line bs'46 Ore Sh L 55 46 xtd Ore WRR&N Otls Steel 6s 41 1145 10218 PacG & E 5542 Pac Pub Ser 5s '36. | Pac Tel 1st5s 57 | Par-B way 51 Par-F-La 63 ‘¢ | Par-Pbx 514 '50 |PennO& D43 [ enn R T Penn R I 107 1001 107 Penn R R 4345 84 Penn R R gn4l;s Penn R Rdb 4 Penn R R 4%s'68. Pern R R 5864 Penn R R gen § Penn R R 6%s '36 Penn P& L 4%s '81.. Peo G Lt&Crf 55 '47. Peo G Li&C 65 43. . Peor Peki Un b1 Phila B&W 41 Phila Co 55 '67 Phila El Co 4571 | Phila E1Co 4356 Phila& RC& 15373 Phila& RC & 1 6s'49. Philippine Ry 4 Phillips Pet 5 Pillsbury F1 M 63 *43. PLC&QLL 412: 77C.. 1091 813, 1074 Port Gen 1 1435560, . *| Port Gen E 4%5'60as. Porto Rico A T 6s'42. Postal Tel & C 58°53. Pub S E1 & G 415567 Pure Oil 5%4s'37 Pure Oil 58 '40.,, Purity Bak 55’48 1081 1011, 101% 86 Reading Jer C 4s°51. . Rem-Rd 5358 47 Aww Revere Cop & B 6s'48 983, 101 5 10814 2613 Richfield O 6s "44 ctfs 26'y Rich & Meck 4s"48... 46 StJo& GIR4s'47.. StJo Ry L T&P 5s'37 St L IM&S R&G 45'33 StL-SF 45’50 A..... St L-S F 43878, St LS F 4% 78 of st StL-SF5s'50 B St L SW gen rf 53 '90. StPCtRC5s'37.... StPCtR C5s'37 gtd. St P M&M ext bs 43, Seabd A Lref 45 '59 Seabd A L 6545 A . Seabd A L 6s "5 cfs.. Sharon S H 538 "48.. Shell Pipe L 6s * Slerra & S F P 55'49.. Sine Con O 6% 38 B. Sine Con 0 7s°37 A Skelly Oil 6%s°39... So Bell T & T 6s "41 So Pac col 4s'49. So Pac ref 4s'55. So Pac4%s'81. So Pac Ore 4% So Pac S F Ter 4s 5! So Ry gen 4556 A... So Ry 6s 94 So Ry gen 6s ‘56 So Ry 6%s '56.. Southw Bell T 58 '54. Stand Oi1 N Y 4% 8’51 Studebaker 6s '42 Studebaker 6s 42 Studebaker cv 6s'45. . Syracuse Ltg 55 '51.. 36% 36% 45% 45% 118 118 951% 95% 95 93% 103% 1034 87 86% 86% 86 86 86 116's 116% 55% 554 24 24 101% 101% 101% 10315 103% 103% Tenn C& C6s'44 B Tenn EIPwr 6547 A. Tex Corpcv 68 '¢4. Tex & Pac 53’77 B... Tex & Pac 55’79 C. Tex & Pac 55’80 D... Tex & Pac 1st 58 2000 Third Av ref 4s '60... Third A ad in ex 55’60 Trumbull St 6s 40 Un O Cal 65’45 re ww . 118% 118% 118 110% 110% 110% 101% 101% 101% 10415 10415 104 88 92 83 35% 39 UnOCal 6s"42 A, Un Pac 1st 43°47, 68 % Unit Drug 58'63.. U S Rubber bs '47.... Utah P& L 63 '44.... Util P& L 68°59 ww. Util P& L6%8"47... p——RSY 37% 38y v Va 112 1284 | URBLISTMIXED AS VOLUME LAGS Slight Concessions Noted in Utility, Industrial and Store Issues. By the Assoclated Press. NEW YORK, March 23.—Irreg- ularity crept into the curb market today with slight price concessions noted in utilities, industrials and merchandising shares. Mining issues and alcohols were firm spots. Newmont climbed nearly 2 points, Wright Hargreaves and Pioneer Gold were both higher, and a moderately heavy demand for Hiram | Walker and Distillers Corporation- | Seagrams lifted these shares around | 32. Losses were shown by American s, Electric Bond & Share, Com- monwealth & Edison, Parker Rust Proof, Sherwin Williams and Swift & Co. Trading was dull, 'AUTO PRODUCTION SOARS TO 100,065 Week's Estimate Is First Time Since 1930 That 100,000-Mark Has Been Passed. 116% | LI “ | municipalities and other political sub- EI&P ev Hsr 43, 111% lllh iy EI&P 6 124 112 ‘ By the Associated Press. | DETROIT, March 23—Cram’s Re- | ports, Inc., in a weel analysis of au- tomobile plant activity, estimates out= | put for the week ending today at 100,- | | 065 cars and trucks in the | States and Canada, compared with | | 97.090 last week like week a yea It is the first time since 1930 that *| the 100,000 units a week mark has been exceeded. Ford output this week remained un- | changed at 36,055 units; the General | Motors group produced 34,400, com- 23, 1935. UPTURN IN MONETARY GOLD STOCK IS SLOWER By the Associated Press. The rise in monetary gold stocks of the United States to record figures has slowed down, following substan- tial gains in January and February. The total metal reserve, however, has been lifted to a new peak by a further small increase, as shown in the weekly report of the Federal reserve system. Comparative figures on total gold holdings, as reported by the Federal reserve, follow: Week ended March 20. .. Preceding week . Same week last year 000.000 /000,000 FOREIGN IARKETS. By the Associated Press. PARIS.—A slight general !mprovement in domestic issues favorably affected some rentes on the Bourse today. International shares were stronger. with Suez and Young Plan issues an exception. The closing improved BERLIN.—After an Irregular opening prices developed firmness on the Boerse today. under the leadership of mining issues. The closing was sustained. LONDON.—Closed BONDS ON THE CURB MARKET. DOMESTIC BONDS. High. Low, Close. Abbott’s Dair 65 Alabama ~Po Alabama Po Alabama Pow Alabama Pow Aluminum Co I Amer G&E 5 Am G & Pow Amer G & Pw s Amer P & L 65 Am Rol} Mill 5 United | ‘, nd 81,896 units in the | ¢ ago. ¢ pared with 31,100 units a week ago. | & and Chrysler plants manufactured | 19,950 units, against 19,450 a week ago. | 'DOLLAR GOES HIGHER 1013 10 11013 1108 | IN LONDON DEALINGS ©* ¥ the Associated Press LONDON. March 23 dollar, oper . reacted at t rket to 4.77'4 today of 5, of a cent over 3 of 4.777 | The French franc closed at 72.34 to d. as compared to yesterday's —The United stronger at closing of the for a net gain sterday’s close closing nd, as compared to P —Three per ancs 25 centimes; 50.40. | PARIS, March cent rentes, 78 4’. per cent rentes. Exchange on Lond dollar was quoted at 15.16'4. MONEY IN CIRCULATION | STAYS ABOVE YEAR AGO| | | By the Associated Press. | The The amount of money in circula- tion maintains a lead over .ast year, although the circulation curve for | many months has been following a fairly steady course. The weekly Fed- Toi1e 1003 100 10013 9 o3 eral Reserve System report shows only | [/ a minor change. The increase in cir- culation reflects fly relatively | smaller use of bank checks by the | public, according to Federal Reserve | officials. Comparative figures on total circu- | lation. as reported by the Federal Re- CITES STEADY PROGRESS | ‘.] OF PROVIDENT MUTUAL | Special Dispatch to The Star. | NEW YORK, March 23 —Addressing | representatives of the Provident Mu- | tual Life Insurance Co. from numer- | ous cities attending the 70th anni- versary of the founding of the com- ' at the home office in Phila- , M. A. Linton in his opemnz address, outlining the history stated: “In 1865, the | Provident had $324.000 of life insur- | ance in force, in 1885 this amount | | had risen to $45.000.000, in 1905 m‘ | $177.000.,000, in 1825 to $757.000,000 | | and is now nearly $1.000,000.000. “Up to December 31, 1934, it had { paid $513,000,000 to its policy holders and their beneficiaries, and dh that | date held for the protection of its + | paticy holders more than $284,000,000. “New insurance paid for during | *11934 totaled $75841,000, an increase " of 6 per cent over the year 1933.” STATE AND MUNICIPAL By the Associated Press. NEW YORK, March 23 —State and municipal bond offerings scheduled for | next week will top the totals of recent | weeks by a considerable volume. As | reported by the Daily Bond Buyer, 71 divisions are offering bonds aggregat- ing $55,255,327. In the past week such offerings amounted to $18,217,271, NEW YORK PRODUCE. JORK. March 23 (P _Eegs, : storage packed firsts. colors unchanzes other browns all white ezgs unchanged. i1 firmer. Creamery. higher i extra (9 . B1%ata; “steady. Live poultry nominal. Al freleht and express _auotations uriauo ressed “ady: all fresh nd frozen prices and cen< Prices un- Righ. Low. Close Va Mid gen 5s'36.... 102t 10214 102% Va Ry 1st53°62 A... 111% 111% 111% | —_— Wabash 512s ‘75 ‘Wabash 2d 5s°'39. Walworth 6s°45 A, .. Warner Bros cv 6s 39 49"; Warner Quin 6s°39.. 25 Warren Bros cv 6s°41 36 ‘Westchester Lt 55 °50 117% W PaPlst5s'46 A.. 111% W PaPilst5s'66G.. 108% W Sh 1st 48 2361 gtd., W Sh 1st 45 2361 reg. West'n E] deb bs "44. West'n Md Lst 48 ‘62. West'n Md 6%s'77 West NNY&P gn 4 13 66 39 49% 25 36 117% 117% 111% 111% 108% 108% 76% 96% T6% 3% 3% . 1068 13 106% 106% | 271a 274 2T 2T% 84 84% 85 854 81% 81% 10015 100%5 1021 103 8% 8% West'n Un 438 '50... West'n Un 6s ‘51. Wheel Stl 6%s W Sp Stl con 7. Willmar S F 55 '40. .. i 104% 101% Wilson&Co 1st 68 "41. 109% 109% 109% ‘WisC 1st gen 435 °¢9 8 8 84 92% 92'% 93% 93% Youngtn S&T 68’70 B 93% Youngtn S&T 578 4. 934 FINANCING TO JUMP | E&'y Notthw P fis A "t & Norw PS 5s i FINANCIAL By private wire direct te The Star. Stock and Sales— Dividend Rate. Add 00. High. AeroSupply (B).. 2 4 Allied Mills, Ine. . 14% Alum'n Coof Am. 4508 38 AmCynam(B)40e 6 15% Am Gas & E11.40, 23 Am Gas&El pf(6) 100s Am Laundry(40c) 50s Am Lt&Trac 1.20. Am Maracaibo. Am Potash & Ch Am Superpower Low. Close. 3% 4 4% 36 155 21% 91 13% 14% 361 15% | 21% | 91 | 131 9% | " 14 % Atlas Corp war. Atlas Corp(A)(3). 4w [ Atlas Plywood. .. 4% 1% Bulova conv pf. Butler Bros...... Can Indus Alco A, Can Marconi Carrier Corp | Nn Catalin Corp Chicago Mail Order (t1%). Citles Service pf.. Cleveland Tractor Columbia Gas & Elec cv pf (5) 1008 Como Mines.....» Com'with k£d 4).. Comwith&So war. Cons Copper Cons Gas of ito (3.60) 81 P.. Creole Petrol'm. Crocker Wheeler. Croft Brewing. ... Cusi-Mexican; 10% 1% 1% Distillers Co | Ltd (p27 3-10¢) 21 | Distillers Crp-Sea 163 Distilled Liquors. 14 Dow Chemical (2) Duke Power (3).. 100s East'n States | Power (B)... 505 Elec Bond&Share. 27 Elec BA&S pf (5). | iElec BA&S pt (6). Equity Corp...... European Elec Lid deb rights Falrchild Aviat'n. Fajardo Sugar. Iy rarmer | _ Candy (131%¢) Fidelio Brewery.. | Fisk Rubber. | Flintcote A p2sc.. | Ford Mot Can (A) (k1%). Fora Motor Ltd.. | Gen atloys. : 1 Ga Pwr 36 pf Glen Al Coal 11 Great Al & Pac Tea n-v (17). | Greynound (Del). Gulf Ofiof Pa... Hollinger G 17ée. Hudson Bay M&S Humpble Oil (1)... tiygrade Food. ... 111 Pwr&Lt $6 pr 1mp O} Ltd coup 124 1 18 5 1008 Inti Hydro Elec System cv pt Intl Petm reg(t2) Interst Hos «2). Irving A C (pl0e) 508 ~ - Kingsbury Brew. Kreuger(G)Brew. Lake Sh M (14).. Lakey Fy & Mch. . Libby McNelll&L. | Louisiana L & Ex Mavis Bot (A)(r) Mich Sugar pt Molybaneum. Nachman Spring. MONTREAL SILVER. MONTREAL. March 23 (P tures closed steady; sales, —Silver 16 contract May July 2 | January " Ll.0 b—Bid. CHICAGO PRODUCE. ICAGO. March 2 P .—Poultry 10 trucks; unsettled 5 pounds nder. 20: more_than n hens. 1772: Rock Rock Springs. 14%2; horn, roosters. 14 3 pounds up_ geese. capons. 6-7 pounds. Potatoes. 91; on track total U. S shipments. # Old stock: Round whites dull. Russets firm: supplies rather liberal ding seed stock; demand and trading Sacked. per ‘hundredweigh consin round whites. U. S. No. 1 few higher: fair qunmy 6515 3 Russet Rura S. No. 1. ‘mostly 64 Idaho Rnwxs U.'S. N few lower. New crates. E.1<~< | security CH ve, ore: E Leghorn Rock broilers. 24; 74: Legl barebacks 16 Sras (o centralized carlote) sales. 3 cars standards. 31%s E: 22 K31 steady s un 1 car fresh graded firsts. cases current receipts, 19'z; cases, 19%4. INSURANCE STOCKS NEW YORK. March 21 (#.—New York Security Dealers’ .‘\swc.-umm-xB | Aetna cas (2132) 2 | Aetna Fire (1.60)] B P'S NI Bs 156 PuS N Il 4'2s D '78.] PSNII l’,sE R0 ES NIl 4las B s \ Agricultural () o4 I No | Aetna Life «.60) | Balt Amer | Boston (16) Carolina (1.10a} | Conn Gen Lit_Cxii 2 | City of New vork 1 mu m.’ Rl N5 Sl L 10134 1013 lm’- ]flh’. hm’, 1067 RRas 120 102% Bs WisCeTSE K%es 5 10315 10914 FOREIGN MB 7s 47 M&N. ] 4R Cauca Valley 7s ile MB 31 ww—With wafrants. Without WArrants. i When jssued, £t (stp)—Sta i Negotia impaired by maturity. § ecoumuu D £y Lincoln Fire Mass Bond National Fire National Liberts (e New York Fire (158). Nor River, (70a). Springfield (4%2) Sun Life . Travelers (16)° S Fire (1.40a Westchester (1.10a) Including extr: Declared or paid so far this year. | | St Regis Faper, .. | Bullock Cumul; | Corvor. D. C, SATURDAY, MARCH 23, 3 . N. Y. CURB MARKET Stock and Balre— Dividend Rate Add 00. High Low Close Nat Pw&LUDE (6) 50s 49 491 497, Nat Rubber Mach. 8 8% 74 & NatomasCo(80c). 5 9% 0% 9 New Brad Ofl120e. 1 2 2 Newmont (pi0c). 15 38 36 Niag Hudson Pwr % 34 Niagara Hudson Power A war, Bem-Pond. Nipssing(k123%e¢) Northern States Power (A). 2 37 3% 1flt 109: 2% “ 100 2% " Pacific Bastern Pan-Am Afr1) Parker Rust P(3) 100s Pennroad Corp Papperell Mfg (§) 20s Phoenix Secur pf. 1 Ploneer Gold Mizes Ltd(30e) & Pitts Plate Gl (2). 50s Prod Royalty 2%e 2 2 40 61 1% 62 35% 108 50 LY 1415 361 3 | Puget Sound P& L§5pt Pure Ofl pf. 108 308 Reiter-Foster. ... ————— 1 % 3 St Regis Paper pf, 20s Salt Creek P (30c) 1 Segal Lock & H. 2 Selected Indus L % Sherwin Will (3). 440s 8615 Smith (A OQ)...., 15008581, South Am Gold & Plat (40c) Southi'd Roy 125¢ Stand O Ky(t1%) Starrett Corp pt.. Stuts Motor. .., Sunshine (88¢), Swift Intl (2). Swiss Ofl (40e¢). 20% 5% L) | Tampa Elec (2.24) Tastyeast. Inc(A) ‘Technicolor, Ine. . Teck Hughest40¢) | Texon O&Ld(60¢) ‘T'ob Prod Ex(10c) Trans-Lux Daylite Picture Sn (20e) Tri-Conti Cp war. Unfon Am Invest Union Gas of Can Unit Corp'n war. . 100s 2 | Unit Dry Dock(r). Unit Founders | Unit Gas Corp. . .| Unit Gas Corp pf. Unit Lt&Pwr (A). | Unit Li&Pwr pf. Unit Shoe M (1435 10 Unit Sh M pf(1%) 3 U S Dairy (B). ... US Kol (Bjt6uc). 1 Utllities Pwr&Lt, Uulities P&L pt Utility Equities. . —_— Waiker (Hiram). 43 28w Walker (H) pf(1) ,0 1% W VaCoal & Coke 5 . Wright Harci6ue) 6 91, —_— & n 18 I 9y & exir & Pavaoie 5 Casn 9 uouq T Plus 6% in stock 0 Pavavie i “scrip k Paid iast year—no 1 Accumulated aividends Ck 0 Paid this year—no regu 'Co‘mmmu [cborted in receive: g reorganized *Stocks f e Curb Exchange niistec issues. reguis 0P others TEx dividen DIVIDENDS ANNOUNCED | NEW YORK. March =3 —Dividends d (prepared by the ¢ gt d Stati Accumulated. Pe- Stock of Pa Rate . Van Dusen Harr pf.s 1 Regular. 000000 DOO rbon p Metropoli (Wash D C : National Oii Prod Co ‘Gaulbert Nat STOCKS NEW YORK. March 1 (p—New York Dealers’ Association Askee il ARY d St Tr (70a) (a) Including e NEW YORK. March Security Dealers Assoc Admin Pund ww Am Bankstocks Am_ Business Shrs . Corporate Trust AA Corp Ir AA mod Corp Tr Accum Ser Corp Tr Accum S Depos Bk Sh N Y Depos Ins Shrs * c mod.l. A% dend North Am Bond Tr Ctts Nor Am Tr Shares r Am Tr Sh Am Tr Sh 10 Am Tr Sh 19 Plymouth Fund A Quarterly Inc_Shrs Selected Am Sh Selected Am Sh Inc Seiected Cumul Sh Selected Income Sh Spencer Trask_Fund Stand Am Tr Shrs .. Stand Super Super Supe: Supervised s Trust Fund Shrs = Trusteed Industry sms 2 Trusteed N Y Bk Shrs Trusteed Am Bk * Property Management Automobile Insurance liberal 925 15th St. N.W. An investment interesting in the Available in amounts from $250. F. SAUL CO. REAL ESTATE Faeing McPherson Sauare Mortgage Loans Fire Insurance interest and safe security. National 2100