Evening Star Newspaper, April 8, 1935, Page 19

FINANCIAL. CURB IRREGULAR LATE IN SESSION Selling Appears in Metal, 0il and Utility Issues. Support Slow. By the Associated Press. NEW YORK. April 8 —Curb market prices developed irregularity today when selling appeared in oils, metals and utilities. While offerings were not large, sup- port was slow in coming in and frac- tional declines were well scattered among leaders. Active issues selling lower included | Aluminum Co., Cities Service, Electric Bond & Share, Lake Shore Mines, Pittsburgh Plate Glass and Interna- tional Petroleum. Slightly higher prices were paid for Schiff Co., Tech- nicolor and Swift International. BONDS ON THE CURB MARKET. DOMESTIC BONDS High " Low Noon Alabam Pw 4'as 100 Alabama Pow Aluminum Co h Arkans P&L ‘Asso EI Ind 4’ GEE dias Biian Lo ne 2% ?rmnxm El 4 i B | PL 35 E 56 4P R By private wire direct to The Star. | Stock and Sales— Dividend Rate Add 00 High | AirInv, Incwar.. 1 % 508 49 56 Low Close » | Ala Pwr pf (6)... Ala Pwr pf (1) 508 Allled Mills, Inc.. 10 13% Alum’n Coof Am. 1508 40k Alum'n of (1%)..100s 714 | Am Capital (A)... 1 1% Am City Power & Lt (A) (a3) 258 Am Citles Pwr &Lt B (k10c) 2 Am Cynam(B)40e 14 Am & For Pw war 1 Am Founders 1st pf (D). 2508 1 AmGas & E11.40. 33 | Am Gas&El pf(8) 4258 Am Laundry (40c) 250s | Am Lt&Trac1.20. 9 | Am Thread pf 25¢. Amsterdam Trading (ki2c). Appalachan Elec Pwrpf (7). Arcturus Radio ] Ark Nat Gas. . Ark Nat Gas (A). Ark Nat Gas cu pf. Armstr Cork(50¢) Art Metal (k25¢) Asso Gas & Ele Asso Gas&El (A). Atlas Coro. . Atlas Corp war Atlas Corp(A)(3). Bower Roll B (1). | Blue Ridge pf(a3) Bridgeport Mach. . | Brit-Am Tobaceo reg (p3s 3-5¢) 7 Brit Celanese Ltd rets. 1 l'vlukt\ePLll) 508 | Buft N&EP 160 & | Bunker Hill&Sul. 1008 Butler Broi 4 267y 18ty 3 61 Cable Radio vte. . 5 k. alambra: n Marcont. B 2 LY rrier Corp. 165 ent Hudson G&E cfs (80c) | Cen P&L 7% pt (m1%) Cent States Elec.. | Cent States Elec 6% pf xw. Charis Corp (1%2) Chicago Mail Order (T1%).. | Chief Consol 3 | chiasco pt.. Cudahy Pkg 5'2 Denver G&E 55 Cities Service. Cities Service p! Cities Sve pf BB City Auto St k10c. 22% | THE EVENING STAR, WASHINGTONX, Stock and Sales— Dividend Rate. Add 00. His Imp Tob Can mp (152%¢). Insurance Co of North Am (2) Intl Mining (k15¢) Intl Petrol (12)..s Intl Safety Razor (B)(25¢) 1008 Irving A C (pl0e) 5 6 3 Jones & Laugh Stl 40s Lake Sh M (14) Lakey Fy & Mch. . Lane Bryant pf(7) 10- Lefcourt pf m1%. Lehigh C&N(50¢) . Leonarda Ofl...... Libby McNeill&L. Lion Oil & Refiin Lecblaw Groceris Ltd (A) (1)..100s Long island Light 2 Louisiana L& Ex. 7 Lynch Corp. . . 4 15 19 6 208 7 2 4 Mangel St pf ww., 5 Marion Steam Sh. Middle States Petm vte (B). Mid West Util (r) Minn Mining & Mfg (60c)100s 1 Mohawk Hudson ist pf (4). Molybdneum..... 145 1 Montreal HL&P (1%). Mount Prod (60c). 1 24 | Snchurnn Speing. l Nat Bella Hess. | Nat Bond&Sh t1% | Nat lnvestor: | Nat Invest war Nat Pw& Lt pf (6) 110 Nat Rubber Mach. Nat Service Nat Sugar NJ U) Nat Union Radlo. Natomas Co! ncl. Nelson (Herman) NJdZine (2)... New Mex&Ariz La Newmont (p30c). | Niag Hudson Pwr Niagara Hudson Power A war. 3 Niag Shrs(Md) B. 4 Niles-Bem-Pond. 1 1 Nor Am L & P pf. 7008 Northern States Power (A).. Northwest Eng, | Novadel Ag (2) 086 13 4 28 Ohio Ofl cu pf (6). 3008 9 | Pacitic kastern. .. Pac Gas & Elec 3 12% sh. 12 3 544 1 13% 1% 1% Th 3y 1 » W 4 758 39 215 12 Mont Ward(A)(Y) 10s 136% 135% 136% 8% an 28% 4 % 1% a1 * 0 4y an 3 0% 8 o T » | Columb 0 & G Vte Clev Elec Illu(2). | Cleveland Tractor Columbia Gas & 26 Elec cv pf (5) 2508 5 2 | Com'with EA 4). 1 + | Como Mines Gatineau Gen Po Ul Gen Refr Georgia Ga P & Gien' Alden & R 647 S83) 8N it o4 0 * 100 6470 + | Elec BA&S pf (5) <1051 1051 10434 1043, | 100 10 1007, mm a4 ' o4 Compo Shoe (50¢) 3 Cons Gas of Balto (3.60) 19 Cont G&E pr pt(7) 508 Cord Cerp. & x Corroon&Rey pf A 1 3 | tof (134) Pac Light's pt(8). Pan-Am Air 1) Pantapee Oil. Parke Davis t1.7 Parker Pist P(3). Pennroad Corp. .. | Pepperell Mfg (6) | Ploneer Gola Mines Ltd(0¢) Pitney Bo P (20c) | Pitts Plate Gl (2) 2008 49'; Premier Gold 12¢. 2415 508 83'y 405 3 1y 9 37y 0s 60 13 13 108 563 56% 20 103 1 5t 4 I 18 Cosden Qil (Me).. Crane & Co. . 1008 Creole Petrol'm.. 18 Crocker Wheeler. 2 Crown Cent Petm. usi-Mexicana M. | Distilled Liquors. | Distillers Crp-Sea Dow Chemical (2) Driver Har (k30c) Duval Tex Sulph. | Eagle Pitcner Ld. Eastn G & F 5 Liec Bond&Share. | Elec BA&S pf (6) Elec Sharhold'g. . Emp G&F 7% pf.. kquity COrp...... European Elec Ltd (A) (60¢) Ex-Cell-O A&Tool Fairchild Aviatn. | Falstaff Brewery. Fanny Farmer Candy (131%¢) | Ferro Enamel 60c. Fisk Rubber. ... | Fisk Rubber pf (6 100s 75 Flintcote A p25c.. 7 Fla Pwr &Lt pf. | Fora Motor Ltd.. Ford Mot Can (A) (K1%). 3 l 4 11 | Gen Alloys. Gen El Ld rcts (K30 1-5€) 4 00e Gen Gas & Elec conv pt (B). 100s Gen Invest pt. | Gen Pub Sve pf ilen Al Coal 113 Goldfield Consol. . Gold Seal Electric Gorham pf ww. . Gorhm vtc ex pile Great Atl & 'ac Tea n-v (17). 5 " 6' 1 i 1 1. 27 1 171, 1 | Guiz o1l of Pa.... | Hartman Tobacco Hecla Mining. ... Heyden Chm 1% Horn&Hardt 1.60, Hudson Bay M&S Humble Ofl (1).. grade Syl (2).. 1008 24 16 1y 131s It ] M Pwr&Lt 36 pt. 18% Imp Of1 Ltd cowp 7| St Regis Faper. .. Prudential Invest | Pub Sveind $6 pf. 2 | Puget Sound g PalL3spr 80s 1 Puget Sound P &L 36 pt. 208 Pure Oil pf. . 208 Rai!road Shares. . Reyvarn Co Reynolds In Royal Typewriter Ruberoid Co (1).. | Russeks Fifth Av. 2 St Reglis Paper pf. 20s 2 Salt Creek P (80e) Schiff(The)Co(z). 2 2 Seaboard Util Segal Lock & H.. Selby Shoe (1.60).: “0('! 3 | Selected Indus... 3 Seiected Indus lot cfs (3% ).200s 5 Shawinigan Wat& Pw(s0e). 11 Sherwin Will (3). 2508 . | Sherwin-W pf (6) 200s 11 Sonotone Corp. 5 South Am Gold & Plat (40c) South Penn O 1.20 Southn Calit Edis pf Bt135) Southl'd Roy t25¢ Stand O Ky(11%) Stand Oil Neb. Stand Oil Ohto. ... | Stand Silver & Ld. | Starrett Corp. . | Starrett Corp pf.. Sunray Oil... Sunshine (30e)... Swift & Co (175¢). | Switt Intl 2) Swiss-Am Elec Df l"fln 5 | Swiss O1l (40e)... 2 Technicolor, Inec.. Texas Gulf Products(b10%) | Texon O&Ld(60¢) ‘Trans Afr Tr sta. . | Trans-Lux Daylite Picture Sn (20e) Tri-Cont! Cp war. 64 25 Union Tobaceo. sy Unit Carr F (1) Unit Chemical. Unit Corp'n war. . | Unit Founder: Unit Gas Cerp. Unit Gas Corp wi 51y By 8 17 S 1 6l » - P 0 [’ 0 4y 1 NEW YORK CURB MARKET Low. Cipee. 4 39 12% 283, e 13 8315 l0‘1 54 | LY TLIN 1 5x EGG QUOTATIONS MOVE HIGHER HERE Register Climb of One-Half to Full Cent—Light Re- ceipts in Demand. Egg quotations were firm and one- half to a cent higher on the Wash- ington produce market today. Receipts were light and in demand. The summary with egg, live poultry, fruit and vegetable prices, furnished by the Department of Agriculture, follows: BUTTER—One-pound prints 192 scol 3R: gub, 1-pound prints (90 score) tul pound prints (89 score), 36; smoked hams. 1 b R mpound. 13 brices by the United Biates Bureay of Asricultural Economics: EGGS —Market _very Receipts light and in demand. Prices taal BiEher Current receipts, 20a21: hennery 'dh“(‘L a 251 LIVE POULTRY —Market steads. Sup- plies light and firmer market antick ater ‘in the week sizes. 19a20: Leghorns. | 941y, Spring chickens under 3% pounds rkeys . Gaons. b to @ pounds. + slips, Fruits and Vegetables. Sales in large lots by original receivers up to X am. foday PLES No catlot arrivals Bushels: market steads. . No. 1. 2%, inch 5 inehes minimuin: ons broken CoF on. tieck moderate: demand light | Virginia. Seaymans. 4 inches Yeliow” Newtowns, U. 8 inches minimum, 1.007 2! ¢ hes nnmmum 1.007 2% inches ‘minimum. 1.258 | ¢ . 1.4021.65 v inches minimu 00a1.15 s 5 1.00ai 107 Golden {nches minimum. 3 inches minimum. 1.3 1.50a1 1. 2T, inches min| um g mthn minimum. 1 minimum, 1.50, few hi Saete )2l 00 i 100" Wines inches minimum inches minimum al 40 . “Lowrys, 100 4 inche varieties, 50alov. Boxes. Washington. dius ge sizes extra fancy Deli: Vinesaps. extra fancy. irg Staymans, combina- | tion , m fancy ‘&nd. fancs. 1038100 | € grade. 1.3 0; Deliclous; combination extra (»m'y and f, c Winesaps, i 50 mbi v and Tancy Jonathans, 125a1.80: Lowrys, 1 v 1 | " 'CABBAGE--One South Carolina arrived wo broken and one unbroken cars & Supplies h-h) demand lig mnr- Steady uth’ Garolinn. * 1 fel Hampers pointed vpe 13- husnel truck. packed lgcall fair_condition, CELER' "Florida _arrived broken and six unbroken cars Supplies moderate steady. Florida. 1 Y —Four mand light; ONIONS_-One Michigan broken and one unbroken cars on track Supplies lght: demand light. mariet Michizan, New York and Oblo. 50-pound sacks Yellows. U 1. 3.00. PO CE bous Arisona arfived: three broken and three unbroken cars on track. estern suppiies moderate. demand mod- erate. market steady. Arizona. Western iceberg 5-dozen. 4.7585.00. Southern supplies hi demand light markel steads oline. n'crates, big oren. vers liz Boston type. 180, Potato Prices Steady. POTATOES—-One Plorida. two Maine D. C, Exchange Requests S. E. C. Approval of Hupp Shares Ban By the Associated Rress. NEW YORK, April 8.—The New York Stock Exchange has requested the Securities and Exchange Commis- sion to grant it authority to strike the shares of Hupp Motor Car Corp. from the exchange list, it was learned today. This recommendation was made in a letter sent by the exchange to the S. E. C. last Priday. Efforts to remove the shares follow & controversy between the exchange by Hupp officials. GENERAL MOTORS SALES UP SHARPLY March Total of 126,691 Units Compared With 98,- 174 for 1934 Month. General Mown Corp. to nnnaumen} {in the United States during March, | totaled 126,691 units compared with ' su'nphn"l'l_zw in Pebruary and 98,174 In | construction needs. March last year. Sales to dealers in the United | were 169,302 units against 121,146 |in Pebruary and 153,250 in March | last year. March sales in all three classifi- cations were the largest for any | month since 1929. For the first quarter sales to con- | | sumers in the United States were 523 in the like period last year. Sales | | to dealers in the United States were | 301,256, compared with 248,270 and total sales to dealers in the United MONDAY, APRIL 8, 1935. MAGHINERY NEEDS OF NATION LARGE Restored Confidence Seen as Lever to Open Big Market Demand. By the Associated Press. CLEVELAND, April 7.—The maga- zine Steel quotes the Machinery and Allied Products Institute today as de- claring “potential machinery require- ments of the United States which would mature with a sound govern- mental policy and restored confidence reach the staggering total of $18,574,- 632,000." The article is based on a survey made by the institute through its members in 58 trade associations. The analysis shows that about 65 per cent of the huge sum would accrue to labor in a program of plant modernization. A program of this nature would provide work for 4,000,000 men for | spendable income was given at $486 | Chem Bk two years, other durable goods industries, but it is estimated that some 11 billion | dollars would be needed in other fields. | Housing for Million Families. ‘The latter would include housing for 1,000,000 families, rehabilitation of | 16,000,000 homes, worth of industrial housing and other In the survey of machinery require- | ments it is pointed out that machinery S ’l 55* | States during the month were 132~ |and equipment builders themselves S Nohes minimum, | 622, compared with 92,907 in Febru- | would have to buy $45,377,402 worth — l ary and 119,858 in March, 1934. Total | of equipment to manufacture the ma- | inches mini. | Sales to dealers in the United States | chinery needed by industry, about 31 | . ‘ln“l and Canada, plus overseas lhlpmenumnuon dollars falling in the cate- gory of machine tools. In its regular weekly review of the industry, the magazine says the steel market continued unsettled last week, due principally to two factors—pro- | ducers and consumers face higher costs | because of rail freight advances, and there is a strong pressure for lower 5a1.50: | 258,093 cars and trucks against 180,- ' prices. The national steel-making rate was “off one more point to 44 per cent An increase of 4 to 50 per cent at Chi- cago was offset by a decline of 4 to 34 FINANCIAL. D.C. LEADS U. 3. INBUYING POWER Per Capita Average $918. National Total Rises 28 Per Cent. By the Associated Press. NEW YORK, April 8—Buying power of the American people was 28 r cent higher at the start of 1935 | than 12 months previously, a market | study announced by the magazine Sales Management indicated. income,” of the Nation is $61,400,- 000,000, it was estimated. The calcu- lation included money received for goods and services produced and ren- dered during the calendar year of 1934, plus Pederal allotments and money paid out of savings and sur- pluses of business institutions. ‘The national average per capita | Middle Atlantic States average of $680, the highest of sec- tional incomes. | Produced income increased 25 per | cent 1n 1934 over 1933, the magazine | Jdechred with Federal allotments and | moneys paid out of savings and sur- a billion dollars | pluses of business institutions includ- | United st Tr | ing dividends paid but not earned, |and borrowings on life msurnnce pollcles making up the balance. | It was pointed out that over a 15- year period the correlation between ‘natioml income and passenger car | sales has averaged 94 per cent, and that “if automobile sales continue to | climb, it is a certainty that national income is climbing. and the r:uti\e changes in automobile car sales, trict by district, are a good rule- c(- thumb index of the changes in pur- chasing power in the same districts.” Following is a compilation of spend- able money income per capiia by | States and sections: Connecticut, $611; Maine, 332A. Massachusetts, $664; New Hampshire, $400; Rhode Island, $536; Vermont, $461. New England total, $574. New Jersey, $601: New York. $866; Middie Atantic ‘Total buying power, or “spendable | *¥% A—19 |$2,527,867 Profit ;I'or Year Revealed . By L. G. Chemical | | By the Associated Press. NEW YORK. April 8.—American I. G. Chemical Corp. reported net earnings for the fiscal year ended March 31 of $2,527.887, compared with 11933-34 earnings of $1,320,325, after interest, taxes «nd general expenses The 1934 earnings are equal to $3.22 a common “A" share and 32 cents a common “B” share, against 193: earnings equal to $1.68 and 17 cen respectively. Directors also announced declaration of the $2 annual dividend and a special dmdend of 50 cents on the common “A" shares and an annual dividend of 20 cents and a sberu] dividend of 5 cents on common “B,” payable April 19 to holders of record April 18. 'NEW YORK BANK STOCKS YORK. April P ~~New Yo | Security Dealers' ‘Assoc " {Quotations 8 Bk of Man (1'3) | B Brklm Tr 1) ‘ Bl T (8). Ehtse Nat & Tr (1.80). mmercial (X) it was estimated. The | | with the District of Columbia leading | Cont Bk & Tr (i figures do not include the needs of | with a per capita average of $918 | Con Ex Bk & T showed an | T pir il BTt ave cidai Forst Boston C Pirst Natl (10 Guaranty Tr (20) .. | Irving Tr (1) Manufactur's Tr (1) tl City (1) Y Trust (8 ‘Puhh( 113) Titie G_& T T0a) {a)_Including _extra OFFICE EQUIPMENT WE SELL, BUY or EXCHANGE Desks Adding Machines T Cheek _Protecto; Chi Steel Files Typewriters Steel Cabinets BAUM'S FURNITURE HOUSE 1416 Eye St. NNW. Ph, NA. 2184 A States and Canada plus overseas at Pittsburgh. shipment were 388,716 against 316,-‘ “Steel’s iron and steel price com- 604, | posite is down 3 cents, reflecting a re- i - \dumon of 16 cents to $10.25 in the CHICAGO LIVE STOCK scrap index, while the finished steel | composite remains $54.” CHICAGO. April R P 4vrmoa 8t n | Department of _ Agrieulture) . Ak 000, including 5,000 direct Estimates Again Down. | 10,10 higher {han Fridav. | ~ NEW YORK, April 8 (£ —Operat- % T R ing activity in the steel industry for 875 down: 300d packing sows around | the current week was estimated by the light and choice. 140- o5 Tang L 1800 1 medium _pounds. 438 per cent of capacity. American Iron & Steel Institute at Pennsylvania, $531 total, $680. Illinois, $603; Indiana. $428; Mich- igan, $486; Ohio, $502; Wisconsin, 1$484. East north central total, $502. Iowa, $464; Kansas, $414; Minne- sota, $488. Missouri, $419; Nebraska. $442; North Dakota, $350; South Da- ko;;. $332. West north central total, $429. —— NEWMONT NET CLIKBS. ,A Savings Account heavy weik A, 100-720.| fed steers Detter 50 pounds and " choice. | oun Ca L Salves. 2.000: ng 1o 75 higher. Erades sutabie (0 Ship active ce; others slow, she stock mostly 0a38" Rl : | er: buils higher; vealers. steady: [ early \op 1.213 pounds’ Nebraska steers, some Leld higher arrived: one broken and six inbroken cars | B on track. Old stock—Supplies moderate. d light. market steady. New York ound sacks._ round whites United R5800 cents. Pennsvivania, n .: round whites. United States No. 1. Truck -3 cents. few K0 cents fair condition &5 'cents. Maine. 100. pound sacks. Green Mountains. United States No 1.15a1 5. fair condition. 1.00: 15-pound M | United States No ) supplies moderate d-mnnd light about steady Florida. bushel craies ‘K‘('\\mr’hc United Stater 4 [ g0 barrels Smloml Rose. United St 50 No. SPINAGH. No. carlot_arrivals on track _Southern stock—Practically no | supplies on the market STRAWBERRIES —No carlot a:rivals no Truck receipts lighi. sup- Nent - demand 'moderate markei | Florida. crates per pint. SWEET POTATOESNo carlot arrivals no cars on track. supplies moderate de- mand light market steadv. North Caro- lina buchel hampers Nancy Halls. States No 1.00. Puerto Rican o cars on track plies | meak ce unbroken cars on track. supplies liberal demand light market steady. Florida. lug boxes green ripes and turning wrapped | fix6i and larger. 2582 50: fair condition 2.00: few ripes wrapped higher 0 CAULIFLOWER—Two California ar- rived two broken and three unbroken gare on frack. Supplies moderate. demand ljent , markel ‘weak " Californa. "crates ‘ASPARACTS—No carlot arrivals: cars on irack. Supolies light: demand light: mlrktl weak. South Carolina, pyra- mid crates. dozen bunches. green Colossal. TS5 fancy. S b0 0" choice, 2.00a lflxfl) VEGETABL als: no I’lfl On track. GREEN ‘ANS—Two Plorids arrived | one brnlln lnd one_ unbroken un on rack: approximately 300 pack: = arrived. SuDDliel libers X condition. 1.25a1.75. ”( re»-n Alse Steady. PEPPERS- lies lieht: demand light market steady o num:'l crates Freen fancy. 4 5085 00 3.50. ANT Sumpiles hi : market steady. Plor fx7. 1508 ES—No carlot arriv- my 1%3-bushel light: demand | medium markei | I no cars | 14a15 | United | 75a TOMATOES—Two Plorida arrived four | | and cuiter cluded). good 8heep. 16000 fat lambs active. strong | !5 higher: 5 bulk. 15 and more up at | wooled | lambs hee, | Slaughter sheep and pounds down, good and common and medium. 6.7 unds. zood and choice. ¥ Pounds. so0d and cnoice. li weights. common and medium. a4 feeding lambs. 50-75 pounds food and choice. RUBBER FUTURES. NEW YORK Aoril & (_—Crude rubber futurcs opened easy. 19 10 37 lowe! 10,300, July. "11.00; September. MON TREAL SI'LVEB MONTREAL. Aoril & (. _—Silver {uiures | opened easier. May. 62.45b: July. 6 00b; September. 64.000. “Decomber. 65,000, This is a decrease of .6 of a per- centage point from the estimated oper- ating level of last week. The present schedule compares with 47.1 per cent a month ago and 47.4 per cent at this time last year. NEW YORK, April 8 (#)~—Newmont Mining Corp. reports 1934 net income ' | of $1.076.270, equivalent to $2.02 a share on the capital stock. This com- pares with $155410. or 29 cents a share earned in 1933. : Equitable Co-Operative Bldg. Ass'n; ASSETS $6,492,976.24 Organized 1819 JOHN 10Y EDSON President F 55th YEAR COMPLETED. . B WALTER 8 PRATT Jr. Seeretars | Subscriptions for the 108th Issue of Stock Being Received Do You Desire a Loan —on Real Estate or to Take Up First Mortgage? OSE desiring money to purchase a home, refinance present indebtedness or improve property should consult us. Applications will receive prompt and courteous attention. Loans Repay. Take 12 Years to able Monthly Repay Your Loan .+ .in a Well-Managed Building & Loan Asso. ...is safe and sure...and when added to. each pay day, mounts up surpris- | ingly fast! @ It combines security with profit. It relieves thrift of its monotonies. It lends inducement to saving! ® Start saving today end grow with ‘The Pidelity.” We Pay 5% Compounded Semi-Annually “from the date of payment to the date of withdrawal. | ® You can open a Savings Account with ONE DOLLAR. or more...and you'll always find. at “The Fidelity,” " a friendly spirit of helpfulness and co- operation ® You con open an account. and edd_tn 1t BY MAIL. a3 well as 1n persom . . . Call or write for ml details. The Fidelity Building & Loan Association MAIN OFFICE, 610 13th St. N.W II|IIIllIllllllIIIlIIlII|IIlIIIlHIIlIllllllllllllifllllllllm I 16% 16% | Unit Gas Corp pf. Florida. s n . 100 " 100 1, 18, | (t30e) New York Cotton Unit Lt&Pwr (A). Unit Lt&Pwr pf. . 2 4008 Unit Shoe M(143; 2258 ) | By the Associated Press. NEW YORK. April 8 —After sell- ing 8 to 12 points net higher today, ! cotton eased off under the near month liquidation and scattered selling. July reacted from 11.13 to 11.02 . | With prices barely steady in the mid- | 875 W U GE 5'25 A estva Chl M aden Con M 2% 30% uen A Pr is xw—Without war- When. issued. st i) —stamped _ SNegotiability impaired by maturity. Companies reported in re- eeivership. s CRUDE OIL PRICES. TULSA, Okla.. @il prices: Midcontinent area—Oklahoma- s ravity eale o 31 0% North and North Central Texas. gravity scal 51.03; East Texas. $1 flat: North Lo: #na-Arkansas. gravity scale to $1.03. Gulf Coast. Louisiana-Texas, gravity scales to $1.12 and $1.14: West {Permian Basin) anhandle. i 5 Rocky Mounum]u:a Salt Creek. Wyo.. vity seale t e area > Fenn: Sivania erade (Brad ford-Allegany), S i Bouthwest_Pennsylvania Ilnex fi“ - grade in Eureka lines. $197; same in Buckeye Lines, $1.87: Corning. $1.32. U. S. TREASURY POSITION. By the Associated Press. The position of 5 wer: $36.004.044 alance. customs Teceipts for the mon Receipts for tae flscal vear (sin .307.300: expenditures. 166.- 314008 Unciuding 55050 708 00 61 emergency expenditures): excess of ex- enditures, '$2.232.106.704; gold assets. & 580,080 42 Receipts Inr April "s l‘l'\i (comparable date last year) ‘$33 g St y on_April nditu: FA0367 606; nei balance, $4. custom receipts for the month, ApriL 8 (m.—Base crude | Texas | | afternoon, a point or two either way | ar Saturday’s closing quotations. Livtrpnnl Quotations. bales. including 1.200 American, fair demand: prices 6 points higher. tations in_pence: American strict middling. [ middling. i mlddnn" Joian o MAGMA EARNINGS UP. NEW YORK, April 8 (#).—Magma | 8647181, equivalent to $1.58 a share 1 cent a share, in 1933. LIVERPOOL. April 8 (# —Cotton. nm-u? | Copper Co. reports 1934 net profit of | | on the capital stock, against $5,770, or| | Unit Sk M pf(1% US Elec Pwr ww. U S Fol (B)(60c). U S & Intl Secur.. U S Playing Card (11.75) | Unit Stores vte. Unit Verde Ex GUI! 108 ! 6 508 ! Utilities P&L pf.. 508 | Utility Equities.. i | Utllity Eq pf(3%) 758 Venezuela Petm.. 2 | Walker (Hiram).. Walker (H) pf(1) W Va Coal & Coke Western Auto Supply A (3) Wil-Low Cafe pf. Woodley Pet (20c) Wright Har(160c) Dividenc rater in dollars T sem fuartely tRartly 258 1 extra 6 8% bushel : plaia. express arrived. Supplie: mand light: market dull hampers_white, wrapped, . 1.75. RADISHES — Supplies light: _demand : market weak. North Carolina and winia. bushel hampers. 1.00. California and two Texas arrived: three broken and three un- proken cars on,track. California, Western lettuce crates. 3.2 1.25a1.50; "m. crates, 1.7 Plorida arrived: one unbroken car on track. Florida, crates. WATERMELONS — Cul 24-26-pound sverage. 1.00a1.50 each ORANGES “Two “Calitornia and three broken and seven s on track. Florida, boxes RAPEPRUIT_No carlot arriva cars on track. Plorida. boxes. 2.00i g2 to srade and e e spectit mrks b ¥ GCADOS—California. boxes. - 1.00a 2. (m according to yariety and size. ONEYDEWS——Chile. 1.7522.00. Calliorata - arrived: ved: - one " California, boxes. and size lugs. 1.50a2.30. unbroken car on track. 335375, 8s e grade APES—Argentine, according to vAFIEts. L. C. L. Express Arrivals. FLORID: baskets squasb. baskets Deppers. hn{zu lettuce, kel peas: NORTH g:‘l!ll l!"llg' l:ifl Dbaskets rlfll‘hfi b:'"!ll crates strawberries, VI e GAN 54 ca C g o SHORT-TERM SECURITIES. (Reported by Chas. D. Bmeydk %;fl) Allis-Chalmers Co o 1937 moh Amer. 1940 Am. Tel. Atllnllc Heflnlfll 5 996 iernia. Packing 05, 1640 &l \d. Nor Ry 7s 1 32353z3e2n 33222238338 FEEE R it it X, s B3z=2 SRESR ® SR OFESE SR 3, The value of C. A. Aseinwar WiLsiam L. Beare Grst Buarz Hazxy K. Boss Georox W. Brown Caanuss A. Carar EXPER IN BANKING, as in every other walk of life, experience is @ tremendous asset. And experience is one of the chief reasons for the sustained success which American Security has enjoyed for the past forty-six years. Study the list below of the men who WirLiam M. Coates WiLeiam S. Corsy Wiitiam W. Evererr Witrram J. FLaaes, Jx. M. G. Gisss James M. Gruan IENCE are serving on American Security's Direc- torate. The leadership and sound judgment of these men and 'their predecessors, hos aided the uninterrupted progress of American Security to its high place among the District's banking institutions. Gruaerr H. Grosvenor J. Priiie Heramann G. Percy McGrur WiLLiam MontGome: Howarp Moran Crarence F. Norment Joux Savt AND TRUST COMPANY Largest Capital and Surplus of any Trust Company in Washington NORTHEAST BRANCH Eighth and H Streets, N. E. CENTRAL BRANCH 7th and Massachusetts Ave., N. W. MEMBER FEDERAL NORTHWEST BRANCH Newsorp Noves Corcoran Trom S. Percy TrOMPSON' Bexjavin W, Tuoron Jomx F. WiLkins Drop in at any time for a friendly discussion of your banking needs. Your account, whether large or small, is welcome ot the American Security. AMERICAN SECURIT Y Main Office; FIFTEENTH STREET AND PENNSYLVANIA AVENUE 1140 Fifteenth Street, N. W, SOUTHWEST BRANCH Seventh and E Streets, S. W, RESERVE SYSTEM