Evening Star Newspaper, April 2, 1935, Page 15

FINANCIAL. m BONDS ON NEW YORK STOCK EXCHANGE BONDS. CONTINUE [0 HIGHER LEVELS Secondary Rails Maintain Leadership—U. S. Issues Active and Firm. By the Associated Press NEW YORK, April 2—The bond market continued to work a trifle higher in late dealings today. Secondary railroad issues main- tained leadership, with advances ex- tended to a point in some cases. United States Governments were active at advances averaging around 4-32nds of a point. Active loans selling higher included obligations of Baltimore & Ohio, Chile Copper. Erie, Missourl Pacific, North- ern Pacific, Southern Railway and United Drug. American & Foreign Power 5s were run up 2':z points to 5917 on a heavy turnover. The for- eign section remained quiet. DIVIDENDS .ANNDUNCED NEW YORK. April 7._Dividends de- | ¢lared_(prepared by the Standard Statis- tices Corp.) Stock. " Pe. Stock of Pay- | Rateriod. record. al Atlas Imp Diel En A 107 .. 1 Cont Tel 7% pt pf.§ 4 (Payable in 61;% premrrd Stock.) nt rel 81a% bl $18 O PPasable. in '3’ pri znm X Pairmont Cream De =1 Accu Crene Co of. t-1 5-10 4-10 4-25 Provident Ad & Inv ot Regul Alaska Packers Asso Amoeglcnx Hardware. Blndml Pet e Caihoun Ml Carolina Clineh & Ohig Eautame To (Batig) . FPairmont Cmy Del) T Ped Knitting Mils Fireboard Pr pr pf Fioed Gr_& M Inc pf General sno: Corp A Do_ Hegetes Do. Hollicger € G Min Lid > Investors Bond cert Chocn].nr K L 0D ' DOOOOLOOOODOOOZODD * ooO: Marcont Inl M C or 1z Do_adr for or reg. Melville Shoe Do nx X Merc Am M"rch Nat Hl pf B Murray (30 Vi@ L Nat Wide S tcf s Outlet Co Do S Coid “Stor ‘pf 'S Washington Gas L INVESTMENT TRUSTS NEW _YORK, April 2 (» —New York Se- eurity Dealers’ Association Noon quotations.) Bid. Asked Admin Fund ww Am Bankstock Am Businese Shrs.’. Bullock Pun T Corporate Trust : Corporate Trust A A NV Bk T She North Am Bond Tr Ctfs Tor Am Tr_Shares North Am Tr Sh Nor Am Tr Sh Nor Am Tr Sh Piymouth Pund A.. Quarterly Inc Shrs. . .. 1] Eelected Am Sh . Selected Am Sh Inc Selected Cumul Sh &elected Income Sh. .. S:mcel’ Trask Fund., Supervised Shrs Trust Pund Shrs. ' ") Trusteed Indusiry Shrs.” ced N Y Bk Shrs Tristeed M BE CHXCAGO LIVE STOCK. CHICAGO. April 2 (P Department of Agricuiture).—Hogs. 14,000, including 3.000 direct. Market moderately s lower than Mon- top. ight | poland 7s Packing sows. medium and goo pounds 75048 40: 100-140 pou: Cattie. “6.00: and yearhnes 12.05: Tows Ieariings, 1 upturn;: hizher i in ances: cutler cows about steady. Sausage bulls strong: beef bulls 10 to 15 higher. Jealers steady to weak Run Includes about”1.000 thin steers billed T, feeder-dea Slaughter ca IS 30-1.300 pounds. H 1 1.300- l 500 pounds, 11.00a14. common ‘and medium. 550-1,300 pounds. €.00a11.00. Heifers. . zood__and choice. 0 081 " low cutier and (yearlings ex- b 0a7.00: cutter. i good and choice. 7.00a9.00: medium. 6.00a 7.00; cull and common. 4.00a6.00; stocker Ind lnder cattle. steers. good and choice. pounds. 5 common and 26,7 Sheep. 15.000. Pt lambs active. fully steady to strong. Other clas: 10 cholee “wooled Tambe. 5. 7508 3 top. K35 paid by all interests Scattered natite ewes. 4.00a5.00, 'Slaugh- s good and “choice. '4.00a5.50: all weights, common nd medium, 3.00a4.50: feeding pounds, ‘good and REICHSBANK STATEMENT. BERLIN, April 2 1"! —The Relnh!hlnk statement 'as of March 3 he fol. lowing changes in reich:mnn 'able a0 bullion increased 2 reserve in for- cign_currencies decreased 103000 ills exchange and cheques increased 50: 37.000; silver and other coins decreased 0: notes on other banks decreased ;nxslx.nmta. n,dvlnm 1ncreued su-'fi 000: nvestments _increa: e Creased. 1. 50A000; turing obligations _incre other liabilities increased i Total gold holdings. 80 8050 Nove coverate. 5% per eent. Rate of discous SAVANNAH NAVAL STORES. SAVA NAI—H ADrll entine, 278: ship: firm. 43“4 Bt ship: FAILURES TOTAL DOWN. NEW YORK, April 2 (®.—Dun & Bradstreet reports business failures in the United States during the week ended March 28 numbering 231 against 240 in the previous week and 232 in the same week last year, 1 |Ger Rep7s°49. ... | Met Water 5348 5| Milan6s52. .. /| Septcoupon off.. (United States | d. 0 pigs. good and” choice. | By private wire direct to The Star. LIBERTY. High. Low. 2:55. l%l 1932-47..... 101 14 10113 10113 1stcv 4,8 32-47. 10119 10116 10118 4th 4% ® 1933-38..10225 10224 10224 Ath 4% = 33-38 3dcalled.. 100 4 100 3100 4 TREASURY. .10117 10110 10116 « 10319 10317 10319 10327 10318 10326 104 18 10417 10417 10419 10416 10419 10516 10512 10515 33;51940-43 June 107 13 10710 10713 3% 1941-43 Mar. 107 14 10713 10714 . 10626 10622 106 26 . 10924 10919 10924 . 11114 11113 11114 - 10518 10517 105138 438 1947-52. . 116 11529 116 ° FEDERAL FARM MORTGAGE. 38 1947.. 10130 10126 10130 10127 10124 10127 10318 10313 10318 HOME OWNERS’ LOAN. 2% 1939-49..... 100 9 100 7 100 9 381952 10126 10121 10126 48 1951 +«301 108 101 FOREIGN EONDS Abitibl Pa&Pw &s ll. Akershus bs ‘63. . Antioquia 7845 A Antloquia 7845 B Antioquia 7s ‘45 D | Antioquia 2d 7s *57. | Antwerp bs ‘68 Argentine 5155 ‘62 Argentine 6s 57 A. Argentine 6s ‘58 B Argentine 6s ‘59 J | Argentine 6s '59 Oct. Argentine 6s '60 Sept. Argentii 0 Oct. . Argent! s 61 Febr Argentine 6s 61 May. Australia 4%s '56. Australia 68 '56. Australia s '57. Austrian 7s *43 gtd Austrian 7s°57.. | Bavaria S 6%5 45 Belgium 7s 55 | Belgium 7s °56. Bergen City bs Berlin 6s '58. . Berlin Elec 6%s Berlin ELRy 6% Bolivia 8s '47. Brazil 6%s '27-57. Brazil 7s ‘5 Brazil 8s '41. Brisbane 5s | Brisbane §s '58 Brisbane 6s '50 Budapest 6s '62 unmat cou on. . Buenos A 6s ‘61 Pv. . Buenos A 361 st Pv Caldas 733 46 | Canada 4s "60. Canada 4%s "36. Canada 6s'52. Chile 6s ‘61 Jan. Chile Mtg Bk 61:s 57 | Chilean Mtg L 7s ‘60, | Colombta 65 *61 Jan. Colombia 6s ‘61 Oct.. Copenhagen 4%s '53. Copenhagen 58 '62... Cuba 514545 B Cund’'amarca S‘/;n 9 Czechoslovakia 8s 51 248 | 241 R31y Denmark 415562, Denmark 6%s ° Denmark 6s "42 Dominic 1st 5325 "40.. 864, | 971 | 1005 | 631, | Elec Pow Ger 613 Estonia 78 "67. 53 38 | French Gov 7s49. & 1813 | French Gov 7%s "41.. 180% 181 | Gelsenkirchen 6 ‘34 Ger C Bk A 6s '60July Ger C Bk A 65 '600ct. Ger Prov & City Bk con Ag 638 '58.. Ger Gen El 63 48 Ger Gov 57358 '65. 5814 3314 334 5815 | 33t | 331 39% 393 | 461 | 28 | 37 | 10413 11513 | 461 28 37 104': 115% Graz §s'54 unm co on Great Br& ir 5%s 37 Hansa SS 6539 ww. , Helsinztors 6128 "60. Holland-Am 6s'47... Hunz L M 3 Hungary 71 40% 401 | 1017, | 13 | 21, | 8214 | 5 67 — Japan 5%s '65. Japan 6%4s 54. e | Karstadt 65 ‘43 cts. .. Kreu&Toll 55594 cfs 81 934 Medellin 648 54 | Minas Gers 63558 Montevideo 7s '52. New So Wales 5s'57. New So Wales 5s '58. Nord Rys 6 | Nor Ger Lla Norway 58 63. | Norway 6s'43. Norway 6s * Norw Hy El 5348 | Oriental Dev OsloG & E 58 53 Pernam 75'47Sep c off Peru 65 °60.... Peru 6s°6 Peru 7s '5! Poland 6s Poland 8 Prague Gtr T%s Rhine W E1 P $s°52.. | Rhine W EI P 6s°55.. Rio Gr do Sul 6s ‘68 Rotterdam 65 4 Roumania 7s 59 Aug coupon off. . Santa F Arg 7s "42 stp Sao Paulo St 7s '40... Sao Paulo St 7s '56 Sept coupon off .. Saxon Pb W 6358 51. Serbs 7s 62 unm ¢ on. Serbs 8s 62 Nov c on. Siemens & H 6%s '51. Siemens & H 7s '35 Silesia Elec 6%s 46 Silesia Prov 78 '68... ‘Tokio 63%s "61.... Tokio El Lt 6s°63.. Tyrol Hy El 7s 52 Ujigawa E P 7s 45. Un Stl Wk 675847 A, Uruguay 6s 60 Uruguay 8s'46.. e Vienna 6s'52 May co. Warsaw 7s ‘68. Westphal El P Yokohama 6s DOMESTIC BONDS. Abr & Straus 6343 43 105% 105% Alleg Corp bs "¢4. . 67 67 Alleg Corp bs 49 55 54% Alleg Corp 6s ‘60 14% 145, Alleg Corp bs 50 Btp. 10% 10% Alleg Valley 4s 107 106% Allis Chalm bs 'l'l . 100%, 100% Am Beet Sug cv 6540 100% 100% 4 | Buff R&P con 4% 57 8% | Can'dian Pc4%s '46.. 97'2| Can'dian Pe 4%8 '60. THE EVENING Net change .. Today, 1 p.m. Previous day . Month ago Year ago Today, 1 p.m. Montl, ago . 1935 high .. 1934 high ... 1928 high . High. Low. 2:55 AT &S Fe 45°09-55.. 100% 100'; 100% A T&S Fead 48’95 8t. 103 103 103 A T&S Fegn 4s'96... 10/% 107 107% AT&S Fe4%s'48.... 104% 104% 104% A T&S Fe C A 4%5°62 109% 109% 109% A T&SFRMt div4s'65 103 103 103 A T&SF TCSL 4s°58. 109% 109% 109% Atlanta & Bir 45°33.. 10 10 10 At1&Ch A L 4%s 44, 103% 103% 1033 At1&Ch A Lb6s"44...105 105 105 | Atl Comst L 1st 4s°62. 93% 93 93 | Atl Coast Liclt45'62. 69 69 69 |AtICLun4%s64... 80 79 80 | Atiantic&D 1st4s"48. 30 30 30 | Atl Refin deb 6s '37 108 107% 107% 100 100 95% 41 4\ 1014 56% 'BtOS'nSl'BO. B & O Toledo 43 Beech Crk 45 ‘36 gtd.. 100 Bell T of Pa 68 48 B.. 117% Lell T of Pa 6860 C. . 122 Beneficial L 6s "46 10 | Beth Sti p m bs '3 | Beth Stl rf db s *42 | Bos& Me 4%5°61J 4 | Bos & Me 68 '55 | Bos & Me 5367 | Bklyn Edis 55°49 A Bklyn Edis 53’52 Bklyn M T 68 ‘68 A, Bkiyn Un El 6850 Bklyn Un Gas §8°50.. Bklyn Un G 5857 B.. Bklyn Un G rf 6s " 62'3 109'y % 1095 1 106 10614 105% 110 123 51% 51y | Bush T Bldgs 55 '60. . 57" 51 Calif Packing 5s°40.. Calif Petdb 5 Canada Sou 5s Can'dian Nt R Uzs'n Can’dian Nt R 4338’ Can'dian Nt R 4% #" [ Candian Nt R 414567 |Can'dian Nt R 4%4s 63 | Can’dian Nt 5s'84July Can'dian Nt 55'690c¢t | Can'dian Nr db6 %846 Candian Nr db 7s 40 Can'dian Pe db4sperp 104 104 1067+ 1103 1032, 1115, 1095 103% 113% 1161 122 106 8215 100% 96 112 101% 106 1067s 110%, 103% 111% 109% 103% 1134y 11615 4 122 106% 8liy 100} 96 112 10115 Can'dian Pc 5844 cfs Can'dian Pc 6554 Cent Hud G&E 5s '57. Cent [l E& G 5s . |Centof NJ gen 87 Cent of N Jgn5s'87rs. Cent Pac 1strf 4s 49, Cent Pac 55 '60. | Cent PTh Sh L 4554 18117 | Cent Steel ¥s 41 Cert’d deb 5338 45, Chesap Cp cv cl bs Chesap Gorp 58 ‘47 C&Ugen 4k C&O04%s95 B C& Ocon bs 3y C& O R&A 1st 4 Chi & Alt ref 3s '49. Chi B& Q gen 45 '58.. ChiB&Q4%s 77 . {Chi B& Qref 5s°71.. Chi B&QI div 45°49.. 1 | Ch1 & E Il 53 °51. Chi & E 111 5s '51 ChiG L & C 5537 Chi Grt W 4s'59 CM&StP gn 3745’89 B CM&SLP 45 '8Y CM&SUP gn 45 '89 reg CM&StP gn 4%s'89C CM&StP 4138 89 E... CM&SP 4%s 89 CMStP&Posic... CMStP&P adj 6s 2000 Chi & NW gn 33s '87 Chi & NW gn 4s '87.. Chi& NW gn 4587 st Chi & NW 41482037, Chi & NW 0!/.:10375 | Chi & NW gn 55 '87 Chi & NW rf 552037, Chi Rys 1st §s 27 cnanao !dfl:xm Chile Cop deb 5s 47 CinGas El 4568 A. Cin H& D 2d 4235 '37. Cin Un Ter 55°57C.. * | Cin Un Ter 58 2020... CCC&StL gen #s°93.. CCC&StL rf 4%4s"17E. Clev Short L 45 '61. Clev Un Ter 434517, Clev Un Ter 5573 B. Clev U Ter 6%3'72 A Colo Ind ci tr 5 '34.. Col&Sorf ¢%s'35.,, Columbia G & E deb 58’52 April.. Columbla G & E s '52 May . Columbia G&E 6s '61. Col RP L 1st 4%s ‘67 42, Com Inv Trb%s ¢9.. Conn & P Rys 4543, . Con Coal Md rf bs '60. Con Coal Md 58’60 cfs ConGas N Y 4%s°51. Con Gas N Y 6s°57..., Con G N Y db 53845, Container deb 53 '43 Container 6s ‘46 CrownC &S 6s Crown Will P 51.. Cuba R R ref 7%5s°36. Cuba Nor RR 6343 43 Cuban Cane P 65 '50. . 106 106 103'% 103 28 28 438 43% W W 76% 76 T6% 103% 103% 1085 23% 28% 23% T Tha T4 6l 6% 6% 12 12 12 llo% 110% 110% 108 108 108 110% 110% 110% 1118 1114 111% 105% 105% 105% 5 104% 104% Del & Hud ref 45 "43. Del Pwr & Lt 4345 '69 Den & RGen 4s 36.. Den& R G W 68 °55.. Den&RGW 55'55 asst. Den &R G rf 6878 Det Edison 4% Det Edison rf 6s'65.. Det Edison 5s'62 Det Riv Tun 4%s 61, Dodge S cv db 6s 40, Duqu Lt 1st 4%s 67, EIP&S W ref 55'65. Eriecv4s 53 A.. Erie & Jersey 6s Fed Lt & Tr Int b8 "42 Fia EC Ry 68°74.... Fla EC Ry 5s'74 cfs. 87% 87% 10 9% 8% Th Am Chain 6s'38..... 102% 102 Am & For Pw 6s 2030 Am Icecv b8 '53. 81 881y 88% 103% 103% 103 103% 103% 103% 102% 102% 102% 108 107% 107% 109% 109 109% 1121 1124 112% 112% 112% 112% 113% 112% 113% 91% 90U 91 1% 7% T1% 56 55 55 103% 103% 103% 105% 105 105% 104% 1041 1045 100 101 AmT&T 4%s '3 AmT&T el tr 5846, Am T & T deb s Am T & T deb bs Am Wat Wks 62°75. . Ann A 1st ex in 45 °96 Armour& Co 4%s ‘39, Arm of Del 6%s 43.. Armstrg Cork 5= 40 AT&S Fe 45'05-55,, 101 Gannett 6s'43... 10:% 103% 103% Gt NRgen 43%4s GtNRmflh't'ln Gt N Rgen 5513 C. GtNRG6%s'62B GtNRgenis'36 A Har Ry-PC1st 4s ‘54 90 Hoe Val 4% Houston Oll %8s 'hy&lnfl’l‘ 4%s 1028 10274 | STAR, 1934 low ... 1932 Jow . 2:55. 38% 39% 321 32% 8% 8 108 108 67% 67% 60 60 45% 46% 91 91 59% 504 55 56 108 108 104% 1047 104% 104% 88 8% 55% 854 B Hudson Ceal 58 53... Hud & Man inc b Hud & Man ref § 111 Bell Te1 o 111 Cent coll tr 111 Cent coll 111 Cent 4% s 111 Cent 6% s "36. 1CCSt LNO 4%s'63 ICC&St L NO 68’63, 111 Steel deb 4% 3 '40.. Inland St1 4%s 78 A. Inlaid Stl 433881 B Int R T 1st rf 55 "6 [nt R T 6s32. IntRT6 Int RT 7 IntR T 7832 cti Int Ag col bs " Int Cement & Int Gt Nor 6s '56 E... Int Gt Nor 5s 56 C Int Gt Nor 6s°52 A IntG N adj 6s'52 A. Int Hydro El 63 "44... Int Mer Mar 6541 Int Pap 1st 6847 A. Int Pap ref 6565 Int Rysof CA 6 . Int Rysof C A 6s 471. 54 ll‘: 59 591 . 101% 101% 101% Inv Eq5s'48 Bww... 101% 101% 101% —_—_— KanCP& L 4%s'57. 105% 105% 71 1 106% -106% 102% 102% 48 4y'g Kendall 5% » 102% 102%, ki kd 98 98y, 103% 103% 9% 59y 9 Laclede G 5%8'60D. . LE& Wn1st5s'37... Lake S&M So 3%5'97. L V Pa con 4s 2003 Loew's 63 "41 Long Isl unif 4 Long sl deb 58 31... Lorrillard 51 La & Ark 6s°69. | McKess & R 635 51 Manhat R 489 | Market St Ry 7 A Marion St Sh 6s "47... Mead Co 6s "45. . | Met Ed 1strf 4%s 68 Met Ed 1st rf 6s '53. S&0 MIER&SLGs"S Mil ER & S L rf5| MilSpa & N W 4847, Minn & SL 55 "34 cfs. MStP&SSM cn ¢s 38, MStP&SSM en 68 '38. MStP&SSM 55 38 gtd MStP&SSM 5%s78.. MoK&T4s’62B. MoK &TS6s 62A, Mo Pac 43°76 Mo Pac 53’65 A. Mo Pac s '5: A ctfs Mo Pac 5s .7 F ctfs Mo Pac 5518 G. Mo Pac 55’80 H. Mo Pac 5381 1 | Murray Body 61s NashC& St L 4s'78.. Nassau E1 Nat Dairy 6%s 43 Nat Steel 65 '56. Newb'ry(JJ)6% New E T&T 1st 55 '52 New J P&L 4335760, , New Or PS 58’52 A New Or P S 5 N Y Cent 3155°97. N Y Cent 45’42 N Y Cent con 489 N Y Cent f 4343 2013 N Y Cent rf4%s2013n N Y Cent rf 6s 2013.. N Y Cent deb 65'35 N Y Centcv 6544, NYCLSh3s'98... NYC&StL 1st 4s°37.. NYC&StL 1st 4s '37rg NYC&StL 4%s°73... NYC&StL 69874 NYC&StL 1st 6535 120% 120% 993, 16% Niag L&O P 58 '55 Niag Sh 53%s ‘50 Nort So 1st rf5 Norf & W div North Am Co bs '61. . North Am Ed 65 '69 C North Am Ed 6%s '63 Nor'n Pac gen 3s 3011 72% 2 « 102 8214 90 106% 108 111% 101 84% Nor'n Pac 6s 2047.... Nor Sts P 1st bs Gl 2 Ont Pw Niag 68°43. .. Ore W R R& N 4s°61 106% 101 106% 112 34% 50 1% 72 2% 2% 28% % 73% 3% 103% 10315 103% 109% 109% 109% 101% 101 101% 101% 101% 101% 105% 105 105% 91% 91% 9% 106 105% 106 105% 105 105% 110 109% 110 104% 104% 104% 1033 102% 103 104 103% 103% ’ Pac Pub Ser bs ‘36 Pac Tel 1st 65 °'37. PacT & T ref bs '62.. Pan Am P C 65 '40 cfs Par-B'way 5%s 51 ct Par-F-La 6847 ctfs.. Penn O & D 4%s 71 Penn R Rcon és 48.. Penn R R gen 6s'68.. Penn R R 63 '36 Pern P& L Peo G Lt&C 1 WASHINGTON, D. C., TUESDAY, High, ld' 2:58. 60 60% 3814 3.% Phillips Pet 635 “39.. 103 103% Pillsbury F1 M 6s "43. 10815 108% 10!% 63 1.. 115% 114% 1154 7C.. 104% 104% 104% Porto Rico A T 6s°42. Postal Tel & C 53 '63.. 43 3 1074 107% 107% 108% 108% 1 101 101 101% 101% 101% 86% 86 97% 98 Reading R 4%3°'97 A, 106% 106 106 Reading R 4%8°97 B. 106% 1067% 106% Rem-Rd 5%8'47 Axw 101 101 101 Rep 1&Stl 65 '40..... 1037% 103’,‘ 103% Revere Cop & B 6s "48 108} 108'% 108% Richfield O 6s'44 ctfs 25% 25's 25% RIA&L1st4%s'34 8 8 8 St Jo Lead 6%s'41... 106% St L IM&S R&G 4533 56 StL-SF6s'50Befs.. 11 St L 8 W 1st Ter 58’62 40 St P M&M ext bs 43. 108% 105% 105% San A&A Pass 48’4 5% 5% T6% San An PbS 6352 A, 1064 105% 105% Seabd A L 6s 45 cf: 4% A% 4% Sharon S H5% 8l 81% 81% Shell UnOfl 55°47... 103 103 103 Sierra & S F P 5s°¢9.. 109% 108% 1091 Sinc Con O 6% '38 B. 103% 103% 103% Sinc Con O 7s'37 A... 102% 102'4 102% Skelly Ofl 5% °39...: 101% 101% 101% SoBell T & T 51°41... 108% 108% 108% So & Nor Alb53°36., 104 104 104 So Paccol 48°¢9...... 62 61% 62 So Pac ref 4s'65 90% So Pac 4%s 57% So Pac 415 5715 So Pac 4% So Pac Ore 4% So Pac S F Ter So Ry gen 45 '56 A | So Ry 68 '94. So Ry gen 63 So Ry St D div 4s 1. Southw Bell T bs 54. Stand Ol N Y 43,851 102% | Studebaker 6s "¢2. 324 | Studebaker cv 454 | TennC& Cés'44B.. 96 Tenn EIPwr 6342 A. 953 | Term As St L 4s'53.0 1oz=‘ ‘Texarkana 5% Tex Corp cv b Tex & Pac5s°79C... Tex & Pac 1st 5 102% 2% 5. 4 Third Av ref 4s ‘60 Third Av 1st 6s ‘37 Third A ad in ex 55'60 Tol StL& W 4s°50 Truax T C 6%s '43 3 105% Un Pac 1st 48 °47 110% Un Pac 48 68 1 | Un Pac 1st rf 48 2008 106% Un Pac 4138 °67...... 1034 Unit Biscult 65°43... 104% Unit Drug 68'63. | U'S Rubber 65 °47. |Utah L& T 5s"¢4 A.. |Utah P& Lbs as.... |Util P& L 68'59 ww. UIP&L6%s'4T... 831 824y 8% 42 Vanadiumev 5s°41.. 844 Ver Sug Ist7s’'42efs. 4 | Va Mid gen 5= '36 . 102y VaRy1st5s'62A... 111 | | Wabash 4%3°78..... 12 | Wabash 58°80 D..... 123 124 12%| | Wabash 5%s ‘75, 2 Walworth 6345 A... Warner Broscv 6539 50 Warner Quin 6s'39.. 25% Warner Sug 1st 7s "¢1 104% Warren Bros cv 6s'41 3413 WPaPlstis'46A.. ‘| West'n El deb 6s '44. 5+ ! West'n Md Lst 4s 52, West'n Md 5348 '77... West'nNY&P gn 4s'43 105 West'nNY&P 1st58°37 1064 West'n Pac 6s°46A a8 26 West'n Un 4% 50 844 West'n Un col tr 58’38 102% West'n Un bs'5 86 West'n Un 55°6 84 West'n Un63%4836... 101 Wh&LE41:8'66 A, 103% | Wh& L Econ 4s'49.. 106% | Wheel Stl 4348 53... Wheel St1 613848 A. W Sp Stl con 35 ct 83 8l | Wilks B&E 1st 55 '42. 36's 36'y Wilson&Co 1st 65 "¢1. 109 lOfl » Wis C 1st gen 48’49 cf WisCS & D ter 4s'26 l‘i Youngtn S&T 68'70 B 91% 91% | Youngtn S&T 687184 92 Y1)y 10275 1027 IN ; Washington Exchange ¢ SALES. Washington Gas 65 B—$500 at 103%. AFTER CALL. Capital Traction 55—$500 at 99. Potomac Electric 67 pfd.—5 at 1111}, 2 at 111%. BONDS. Bid and Asked Prices. PUBLIC UTILITY. Amer, Tel, & Tel. 4 Arket Col % P Tel, of Vi oe- Capital Traction y & Sub Wash Gas 05, serics B . Wash. RWy. & Elec. 4s.. STOCKS. * PUBLIC UTILITY. | Amer. Tel. & Tel. (9). Gapital Transit Co. (1 Bteamboat (6) Pot !:Iec u Wllh R! & u 300 Wath B &EC ptd G 1% NATIONAL BANK. Capital (4) . [ Liberty ( Amer. See. & 1r. Co_(8) National Savings & Tru: Wash. Loan & Tr. (8). . 18 SAVINGS BANK. Com. & Savings (6).. .. 150 FIRE INBU'RANC! American (12).. Corcoran (2.50), APRIL > | supplies on the market. ONIONS — 2, 1935. FINANCIAL, GG PRIGES TAKE | eted o siopw UNEVEN GOURSE Quality of Receipts Variable. Lower Grades Are Hard to Handle. Egg receipts on the Washington produce market were moderate today. With quality rather variable, fancy offerings brought top quotations, but lower grades were difficult to handle. Current offerings were quoted at 19 to 20 cents by original receivers of large lots. Live poultry was steady, at um- changed levels. The sumrary, with egg, live poultry, fruit and vegetable prices. furnished by the Department of Agriculture, follows: BUTTER—One-pound prints (¢ seore 207 tun. 5 1-pound BHBIS (46 score): 1-pound prints (89 heav : calves 4:0080; 00; Receipis ederate and of varl- able quality Fan bri top auotatlons. with lower srades dimeult v Bandie.” Current receipte, L0a20, hennery whites, 30821 Government ¢raded and ated white eggs: U. 8. extras. la U, 8. extras medium. 2 lllndlrd;ol"flure." —Market steady at un- ¢hanged prices. Fowl: Colored, all sizes. 9a20: Leghorns, 1#al7. sters. 9all. Svn ®& chickens: Plymouth Rocks. under 2 pounds, over 3% polmd:. 242 5. Turkeys: Hens toms. ns. 5-6 pounds, dd mmnl:. s 25, slips. 18a20. Fruits and Vegetables. Sales in large le up Sah M TSe Jots by orisinal receivers ADbles—No cariot arrivals: broken car on track. B moderate: demand light: i . U. 8 1.00; n -in 23;inch minimum: 34, minimum, Yeliow Newtons: 08, o i, inch minimum. 100 20j-ineh mini- nch’ minimum, & o % A inch. minimim mosty ‘™ iy Black Twigs: U 8. N «-inch minimum 90, Wi according to size. Virginia, cor bmllwn cxira fancy and {ancy Grimes. 1lm.| Jonathans, 1.00a Winesaps C & B0 Qellcious 150w 00, € Srade: AGE—No carlot arrival car on track. Supplies light erate. market steady. South Carolina, 1%2- bushel hampers. pointed type. Celery—One Plorida arrived: one broken and thres unbroken cars on plies moderate: demand moderate: sueady, Florida. [0-ineh crates. wathed: 75 few higher; smaller | 1751 NO. TUCE—Three Arizona arrived: six broken and eisht unbroken cars on track Western stock- Supolies mode demand moderate: market steady. Western crates. T dozen: Arizona, 4.50a4.75; to ordinary condition. uthern stock, practically no sizes LI Two Michigan arrived: one | broken and three unbroken cars on track Supplies light: demand modera: Steady. Michisan, New York 50-pound sack Yellows. U. S. N poorer low Potato Prices Unchanged. ATOES—Six Maine. 1 New York 9 broken and 1§ unbroken cags Old “stoek: Supplies emanc moderate ImATket. Fieady. New Yor cl Round _Whites poorer lowe: 104]. market nd _ Qulo. 2.50: POTA arrived. 2’ untein 200 pound sacks . 2.00. New (o> demand Heht: Wlh!l crl\es Bliss Triumphs. U. 8 1. 2.2 SPINACH - One’ Texas arrived: broken car on track. ies mand moderate: market steady. Daskets: Virginia. 1.3581.50: WBERRIES—No no"cars on Track pplies E light; market steady. Florida. crates. = pint. truck receip al6; fair condit! B pony Nlnlentam poor condition, 10 ger pint SWEET POTATOESNo carlot arrivals: no"cars on ack. Supplies modera mand slow: market d rth c.mun- skets Puerto Ricans and Nanc: a1,00: Marviand Anne Anmael Coumy Bushel h .leney type, U. '110; Nancy Halls. K5a1.00. MATOES—Three Plorida arrived: two o and five unbroken cars on track. Truck receipts liberal. supplies liberal: de- mand moderate: ‘market steady. Florida. [ide range in quality and condition. lug lum\nn wrapped, 6x6 and i few 3.50: fair condition. xes green. wra 6x: 10; poor condition low as ube. 10-sound baskets rives, wrapped. 1.50a1 T lower. CRBAFLOWER T we Celiformis a one broken and three unbroken car: track. Supplies light; demand era rket steady. California, crates. AGUS8—No carlot arrivals: mno track. Apvloxlnuuly 300 ght: demand ived. on ASPAR. cars on MIXED VEGETABLES—No carlot arriv- als: no cars on track. it “BEANS Su pplies _ligh market 'stea orida. | hampers, i * G0t condition. Beans Steady. GREEN BEANS—One FPlorida arrived: one broken and one unbroken car en rack.” Sunpiles liberal: demand moderate: ket steads: Florida. bushel hampers da. b green. flat type. few high as 2. (gl DOOT confllllolll’l low 1 li‘l N e PERS—Supplies ver: q erater marker sieady, Florida: 1va- demand light: 1a-bushel Tair qualit; T FeUMBERS. lies light: demand light. market, steady. Fiorida. bushel bas- kets. 4.50a5.50. according to condition. SQUASH: yemand Hght ] nampers. demand . bushel 2.00. moderate: market steads. EX . wrapped £ 1]5.; Seflow Crooknecks: . poore RHUHARD—B\\N‘III” moderate: moderate; market steady. Michigan, 5- pound cartons. 60. ARROTS —Two Californ: cars diverted: two broke: brolktn lc;rs ol}‘ lrlel crates. LE | 01 -. 20 el KALE _Nearby sem ns, 50 per, bushel. PEAS—] and one unbroken nia, bushel hampers. telephones. 4.00. CABBA PROUTS—South Carolina, bushel Dbaskets. 50. ANGES —Two Galifornia rrived: one five broken and five un- Boxes: Florida. 0a. as'to grade and size: ,5-3.5. as to grade and m lP‘B—‘flArlenlan lugs, 1.75a2.50. as ariety and dusl AVOCADOS “ealifornia, boxes. 1.78a arrived: five un- FEF e Florida on tra D ROCOL-<Ne CEarior arrivals: broken car on_track. ess Arrivals. 090 crates aspar: Tadishes. 24 bushel Cl"'fl!flll 27 crates ‘Dushel Sumbers, 32 bushel -baski bushel baskets parsley. crates peppers. 57 bushel baskets squash. 46 bushel h be: 75 30-pound California. 2.00, BANANAS—Five D G RAPEFROIT —One arrived: shroo! h Bochel "baskets s, 34 Piremen's_(1.60). National Union (.64 Columbia_ (.3 Rl B ats My Camel Corp. (n Paper_ Mg B Cprorpese Lanston Monotype (4) Mergenthaler Linotype. Femlua Drus 8t vfd, Security Siorage (o) - Ter. Wh. Co Wdwd. & Lot cnm‘?l Wawd. & Loth Sia. () - “Ex. dividena’ ASSOCIATED OUTPUT RISES. NEW YORK, April 2 (Special).— For the week ended March 23 Asso- clated Gas & Electric System reports net electric output cf 54,856,540 units (kw. h.), which is ax increase of 3.5 per cent over the corresponding week last year. This output is higher than has ever been reported by the system for a comparable week of ,previous adishes: Micl B3-pound - cartons rhubarb: Virsina: five barrels watercress: unknown origin. 5 crates mixed vegetables. FOREIGN EXCHANGES NEW YORK. April 2 (#.—Forels change irregular; omt Britain ln lars. others in :enn Paac lrfl.nn—m Austrin, akia, 38 *18. en Hungar Rumani 115 'I' 28.20: ' Shanghai. hm’ n! ou o Oty ) New York In inal. COAL EARNINGS IMPROVE. NEW YORK, April 2 (/).—Island Creek Coal Co. and subsidiaries re- ports 1934 net profit of $1,667,083 after charges and ‘- Federal taxes, equal, after preferred dividends, to $2.54 a share on the common stock. This compares with $1,097.680, or $1.58 a common share in 1933. ~ ge- | Substantlal Rnse By the Associated Press. NEW YORK, April 2.—Early esti- mates of freight car loadings for the week ended March 30, to be officially published Friday by the Association of American Railroads, indicate that a more than seasonal gain will be shown. In some quarters it was expected that the total for the week would approxi- mate, 635,000 cars against 607,780 in the Mm ‘week and 608,443 in the corresponding week of last year. MARKET REQUIRES BETTER EARNINGS Refunding Operations Help, but Real Expansion in Cap- ital Is Prevented. BY GEORGE T. HUGHES. Special Dispatch to The Star. NEW YORK, April 2.—The Securi- ties and Exchange Commission ex- in new financing, holding that the capital market, so long frozen, is at presses gratification over the increase | wx% A—]15 EXCHANGE BALLOT CONTEST SPURRED Committee Wil Announce Nominations Monday—All Factions Busy. Special Dispatch to The Star. NEW YORK, April 2—The cam- paign for the election of officials and governors of the New York Stock Ex- change, scheduled for May 13, grows hotter each day. Between now and next Monday, the day the nominations are to be announced by the Nominat- ing Committee, all factions may bc expected to do their utmost for their favorites. The special committee appointed on commissions has announced that it favored no change in floor brokers' rates, which gossip had President Richard _ Whitney opposing and Charles R. Gay, rival candidate. fa- voring. The committee explained it had announced its decision before the election “because we should go on record at this time in order to remove the point under discussion from the realm of political maneuvering and that fairness to all concerned may | prevail.” } Thus Wall Street practices what it | preaches by taking out of the politi- | cal realm matters that should be de- | termined only on the basis of eco- nomics. last thawing out. In other depressions such a development has forecast gen- eral business revival, and it may be that this is the case now There is. however, one important reservation. Practically all the new bonds already offered or scheduled for offering simply replace outstand- ing issues with higher coupons or, in other words, represent refunding op- erations. They do not increase the supply of desirable investments, nor do they make any inroads on the sur- plus of idle funds. It is a profitable operation for the corporations involved because it cuts down fixed charges. It does not help the investor, who, unless he sacri- fices quality, is forced to take a small- er return or his money. Stockholders benefit by the improvement in margin of income for dividends. Few Jobs Provided. But all this is not a harbinger of | expanding business. No increase in | employment results, except possibly in the ranks of the investment houses. No men are put to work building new | plants or enlarging old ones. That may follow or it may not, but until it | does enthusiasm can well be re- | strained. | The second step will be taken when corporation directors are convinced that the way is cleared for expansion. They will have to be convinced that revival has proceeded far enough to make it advisable to borrow funds with which to increase facilities. In other words, the much-maligned profit motive must be allowed to do its work, and that stage has not yet been reached. Very possibly, business is unduly timid, but that does not alter the fact. The increase in financing will take on real significance when it drafts new money instead of merely replac- ing old borrowings with fresh ones. ‘Then a beginning will have been made on putting men to work. Power Needs Cited. There is plenty of this new con- struction which ought to be under- taken. One field in which there is a shortage of plant capacity, according Commission, is in electric power pro- duction. | until the status of the privately owned |and privately operated utility indus- 8. | try is assured beyond question—which | will not be whe case until the bill now [before Congress is disposed of. And right here is the point of attack. if the depression is to be conquered by |any other means than by turning x5 | over all industry to the Government. 1935. by the North American | (Covprright, Newspaper Alliance.) CHICAGO PRODUCE. HICAGO, April 2 (F).—Poultry, live, ';0 tmck ue{ldy hens, 19; Leghorn htn} T s 45: Stat Subiies moderate: tri oniin Round Whites U- 8. Mo Idaho Russetsfi U.S. 2 quality. * large, 65: U. S, No Minnesota Rus- ified Nebraska Bliss THumuh! U. 8. No. 1, 2.00. New stoc steady: .&nwllfl light: “trading “lin nml(efl Florida 3 Triumphs, 'nh!d firm: prices unchanged. Bre 32i006: su-dy prices unchanged NEW YOBK PRODUCE. NEW YORK. April 2 ;" irregular, s or selections from fre: jtandards and 1. 42 pounds. 21%a: oy nackos ks poultry steady. By freight: PQirkeys. 20a307 other unchanged. Butter, 146’ higher than 35 Vand: score). 35; AR 0051 : centralized (90 score), 34 204,301; firmer. Prices une U. S. TREASURY POSITION. By the Associated Press. The po'luon ul lhe T Receipts. freight firmer. Creamery. o nce.$.445.%: the month pts for the fscal year (since July 63,180 488 expenditures, (nciuding $2. expenditures) 698,969 h_30. 1934 (compara. $6.930.868; Clpfllfl net ' balance. Yor"the" mont receipts for the flscal ¥ 94! enditures._$: 7Allfl.li7'~ of eme: cess of expend TGold assets, emergency penditures. ~$2.199. 38, 566&56 178 Rece! or ble date last yea ) $4, LBl sold assets, 520.665.060; 661 to the report of the Federal Power Private enterprise will not act here | commercial, | Floor brokerage rates are the | charges for handling orders for other brokers. They represent a fee col- lected by the floor broker from the | broker who is in contact with the | public. The latter for some time | has been urging a reduction in floor | brokerage rates on the argument that he, the customer's broker, originates the business and in so doing must | maintain expensive offices, etc. The special committee on commis- slons has finished its report. but has not yet disclosed whether cus- tomers would be asked to pay higher commisisons. Trading on the ex- change in the first quarter of this year was the smallest since 1921. March trading of 15,849,017 shares was just 561,013 shares less than the record day on October 29, 1929, and the smallest March since 1922. This volume is not likely to be increased by higher commission rates. no mat- ter how badly brokers need more in- come. (Copyright "EQO! YOleK BANK STOCKS April_: .—New Yark urity Dealers' Assoctztion (Quotations as of 2 1935.) nk. of Manhatt. Bankers' T Chase National ( Chem. Bk. & T Commercial (X} Gont. Bk & T ‘orn’ Ex &T Empire Trust (1) Pifth Avenue ( Pirst Boston oCip Pirst National (1 uaranty Trust 120) Trust (10" Manutacturer's Trust | National City Kk 'rnm 3 on and nearby Md a \'l Large or | 1 ints at orevailine rates of Reasonable commission. Plompi “attention eive plications. BRADLEY, BEALL & HOWARD Phone Na. 0271 Southern Bldg. Established Over 35 Years SMALL FIRST TRUST LOANS On Improved D. C. REAL ESTATE At Current Rates of Interest UNION TRUST CO. 15th & H Sts. N.W. | | Po'h\ | AKE use nf the ex- perience and facil- es of our Property Management Department in connection with your apartment house and resi- dential properties. Nom- inal fee only. B. F. SAUL CO. 925 15th St. Natl 2100 Mortgage Loans)| As Mortgage Loan Repayable monthly at— $7.50 PE n‘flm i,lli-L_om Washington Building REAL ESTATE LOANS Metropolitan Life Insurance Company we have ample funds available for loans in the District of Colnmbll md fle'rby Marylflna flnd vlrglnlfl. 5%2% }. JANTEREST CONSTRUCTION LOANS Correspondent of the R $1,000 District 9486 o