Evening Star Newspaper, March 29, 1937, Page 15

FINANCIAL. LURB LIST TAKES UNEVEN COURSE Widest Swings Recorded on Downside Trading. Volume Light. § B the Assoctated Press. NEW YORK, March 29.—Uneven swings, with the widest on the down- side, were registered in the curb market today. Trading was unusually light, as it was also on the big board. Losses of 2 points or so were delt Creole Pretroleum and Consolidated Gas of Baltimore, while Singer Mfg. lost about 4 and Babcock & Wilcox more than a point. Electric Bond & Share and McWilliams Dredging each Adipped a major fraction. On the up side were Atlantic & Pacific and Pan-American Airways, +ach ahead more than a point, and Lion Oil, American Cyanamid *“B” and Niagara Hudson up fractions. NEW YORK COTTON NEW YORK, March 29 (£).—In quiet trading, cotton moved irregularly today. The undertone was about steady. # Trade and commission house buying met liquidation and hedge selling in- 2:30 Stock and Sales— Dividend Rate. Add 00. Acme W vto (3) .. 100s Aero Supply (B) . 2 Agfa Ansco.__... 1 Alnsw'th MCb25e 1 Air (nvestors Inc. 1 Alr Inv Inc war 2 Ala Grt Sou (13).. 20s Ala Pwr pf (8) 108 Alum’'n Co of Am 450s Alum Am pf al1% 300 Aluminum Ltd 2608 Am Afrlines. (no.. 1 Am Beverage _.. 1 Am BoxB'od (1' . 2 Am Capitalpfbia 1 Am Cit P&L (A) 31268 Am CitP&L Bai0e 1 AmCP&L ww2¥%_ 1 Am Cynam B t60e 17 Am & For Pwww. 2 Am G&B (1.40)._. & Am G&E pf (6)__. 50s Am Gen C'p (a60c) 1 Am Mfg Co (a3).. 26s Am Maracaibo 187 Am Meter (b75¢) 1 Am Pneu Service_. 2 Am Superpower _ 19 Angostura (+20¢). 2 Angostura-W rts 13 Apex Electricial) 3 Appalach E P pt 7 Arcturus Radlo T. Ark Nat Gas Ark Nat Gas (A) - Ashland O&R t40c Ass0 Gas & Elec AsSs0G& B (A). As30 G & E $5 pf. Atl Coast Fisher_ 2 Atl Coast L a2%..100s AtlasCorp war _ 26 By private wire direct to the Star. High. Low. Olose. 4634 534 214 184 “ 1 3 6734 166 17 181 27% 3 19 2034 84 654 393 0% 8% 36 108 1n 44y 2% 4 463 273 184 L] 1 7 6734 166 17 131 27% 3 19 THE EVENING 2:30 Stock and Bales— Dividend Rate. Add 00 Int) Oth (B). Int) Vitamin(50c) l Interst P(Del)pf . 10s Iron Fire vtc 1.20_ 50s Lrving Air Ch (1) 1tal Superpwr(A) Jacobs(FL)Co(1) JerCen P&Lnf 63 Jonas & Nbg blbc. Jones&Laugh Stl. Kans City P 8 vte Ken RT&L A a7b0 Kingsbury Brew KingsCo Lt pf B 7 Kingston Prod 40e Kirby Petrol (20c) Kleinert Co(t40c) Kreuger Brew t1. Lake Sh M (14)__. Lakey Fy & Mach. Lefcourt Realty. _ Lefcourt pf(a76¢) Leh Coal &N 30c-. Leonard O11 Lion Ofl Ref (1) .- Lockheed Afrcraft Lone Star Gas 80c Long Lsland Ltg Long 1 L pf A(7) Long [sl Lt pf B 6 Loudon Packing.. La Land (40¢) .. McColl Fro Oil pf McWilliams D (72 Maestic Ra&Tel_ Mangel St pf (5)-. Marion Steam Sh Util Associa y Harris Master Elec (1) Mesabl Iron Mex-Ohio Of1 Mich Bumper C... pUY Mich Gas & Ofl__.. NEW YORK CURB MARKET High. Low. Close. 2 2 2 16% 2634 16% % 16% 26% 16% 4 163 82 6% 15% 28% 16% % ANACONDA PROFITS BEST SINCE 1330 1936 Net of $15,881,829 Compares With Only $11,- 180,087 in 1935. BY the Associated Press. NEW YORK, March 20.—Anaconda Copper Mining Co. reported the larg- est profits since 1930 at $15,881,829 for the year ended December 31. This was equal to $1.83 a share on the capital stock. In 1935 net income was $11,180,087, or $1.29 a share. The above figures included prin- cipal subsidiaries; Chile Copper, Greene Cananea Copper, International Smelting & Refining, Anaconda Sales Co., Butte, Anaconda & Pacific Rail- way Co., Tooele Valley Railway, Dia- mond Coal & Coke and Butte Water Co. Cornelius F. Kelley, president, said gross sales and earnings on a con- solidated basis totaled $160,882,734, compared with $127,678,576 for 1935, an increase of 26 per cent. Production amounted to 552,807~ 952 pounds of copper, 6,508,847 ounces of silver and 30,579 ounces of gold. Deliveries of copper for the year, in both domestic and foreign markets, amounted to 849,321,306 pounds. These included custom, secondary and pur- Daily Fluctuations in the Price of a Government Bond Since September Market Price of U. S. Treasury 3{s, 1946-1249 STAR, WASHINGTON, D. C, MONDAY, MARCH 29, 1937. FINANCIAL CRUDE OIL PRICES. SALES JUMP REVEALED *kkk A 15 FURTHER ADVANGE INTIRES FORECAST Litchfield Believes Boost Is Certain if Rubber Prices Hold Levels. BY the Associated Press AKRON, Ohio, March 29 —Presi- dent P, W. Litchfleld of the Goodyear Tire & Rubber Co. said today that “if crude rubber continues to sell at pres- ent levels, further increases in prices cannot be avoided.” “Consumption of crude rubber in the United States last year reached the unprecedented total of 375,000 long tons—22 per cent above that of 1929,” he said at the annual meeting of the company's stockholders. “This record consumption was due, | in part, to the demands of the motor- | ing public for larger tires, the growing | use of pneumatic tires on trucks and | busses and the new industrial uses | for rubber that are continually being developed. “Costs of production have increased s0 rapidly that * * * the ipdustry has been compelled to raise its selling price several times to maintain normal | profit margins. Even today retail prices do not fully reflect the rise in raw materials and labor.” Advertising Total Up 8.5 Per Cent From 1936 Levels BY the Assoctated Press. | CHICAGO, March 29.—The publi- | cation Advertising Age reported today ! retail advertising lineage carried in 77 reporting cities for the week ended March 20 increased 2,667,208 lines over the corresponding week last year. 3 For the year to date the total of 217~ 131,514 lines was an 8.5 per cent in- STEEL QUOTATIONS. crease over the same period last year. The report said improved Easter buy- ”,?"}",’m"““'{fnd‘_‘ rch 20 5‘,"‘155‘"’ prices ing iniuencedithe increase. 1‘:2?“'“ HER T °bmk mem R AT INVESTING COMPANIES | e Atlas Plyw'd(1%) 1 Austin Sflver. 28 Auto Vot Mch 50¢ 4 Axton-Fisher (A). 50s Babcox & W1l (4). 25; Bardstown Dist_ Bartum Stain Stl. Bellanca Afrcraft. Berkey&Gay F Co Berk&GF pur war Bliss Co (E W) Blue Ridge C al0c Blue Ridge cv f 3 Bower Roll B (2) Bowman- Biltmore Brid'p't Mch b25¢ Briil Corp pt Brown Co pt Brown Forman Brown F&W blbe. Buff N&E pf 1.60_. Burco Inc war _ Burma Ltd b16%c. Cable & Wire(B) Can Marconi_ Carfb Syndicat Carnegle Metals__ Carrier Corp _ Carter (JW) 80c Casco Prod b2% __ | Cathn Corv ra ey Celanese 15t pf t7 200a Celluloid Corp pt 258 Cellul'd Clst pf a$ 10s | Cen Hud G&E 8ve. 1 |Cent&sw i - 7 Cent States Elec . 11 Cent St E16% pf 508 Centrif Pipe t40c 94 Chesebrough (14) 50a Chi Flex Shaft (4) 508 | Chi Rivet & Mach_ | Chief Consol ._ | Chilas Co pt Clties Service_ Clties Service pf_. | City Auto S(t60c) .| Claude Neon Lts | Clayt'n&Lam bise Clev E Il lum(+2) Cohn & Rosn a30c. Coion Dev Lte .. Colon Dev Ltd A -_ Colon Dev 6% pt_. Colo Fuel&!r war Colts PFA b37T13¢ Colum G& b 0o Colum O & G a20c Co with Dist altc. Comwlth Edis 14 Com with & S war | Com'u'ty P&L 1st Community PS 11 Community W § ComSM stc vto t1. | Cons Alrcraft. ___ * | Consol Copper | CGELt&P Bo 3.60 | Consol Gas Util_ Consol Retall Strs Consol Steel Corp. Cont’l Roll & S Fy Contl Securities _ Cook P & Var 160c Cooper Bessemer_ Copper Range._ Cord Corp | Cosden 011 Me () Creole Pe: (a50c) Crocker-Wh al0c Croft Brewing Crown Cent F abe Crown Dr (b20c)_ Cusi Mex Mimung Dayton Rubber Dejay Stores 180c Derby Oil & Ket _ Det Gray Ir t20 Det (Mich) Sto Det Stl Prod b23c_ Distill Litd b27c- Dormin S&C (B) Dow Chem (2.40)_ Dubelfer Condens_ 4 | Duro Test (b10c)_ Duval Tex S as0c- EKagle Pitcher bl0e East'n G&F Asso_ Eisler Elec (asc) . Estn G&F As pf 3.300s East'n States Pwr 1 Easy W M(B)b2ic 1 Elec Bond & Share 109 Elec B& S pf (5)_ 4 | Elec B & S of (6) 9 El Pwr Assoc a25¢ 1 Pwr As(A)aZsc 3 % | Blec P&L 2d pt A 2508 3 Emp G&F 6% pt 2. Emp G&F 19 pf 5t Emp G&F 8% p* 508 Emp Pwr ptal.80 50s Emsco Derrick 11 2 Equity Corpiazie) 7 | Eureka P L (4)___ 50s | Evans wail Lead 12 Evans Wall L pt 1508 Bxcello Air(b20c) L] Fairchild Av albe. Falstaff Brewing. Ferro Enam b25c. Ferro Enam rights Fideito Brewery _ Fisk Rubber. fluenced partly by the forecast for rain or snow in dry Western belt areas. July, which had recovered from 13.93 to 14.05, was 14.00 in midafternoon, | when prices generally were 4 points wnet higher to 4 lower. Futures closed very steacy chase intake. Production of Electrolytic Zinc was 211,969,707 pounds, of which 43,448, 219 pounds were from company mines and remainder from custom ores and concentrates and leased mines. De- | liveries amounted to 227,307,370 ' pounds. | Average number of employes in | | 1936, including consolidated subsidiary companies, was 36,377. Number of | employes on pay roll at end of year was 40,996, compared with 34,976 at the close of 1935. Chile Copper Co.’s 1936 net income was $5371,787, equal to $1,22 a share of capital stock, against $3,875,356, or 88 cents a share in 1935. Andes Copper Mining Co. 1936 net income was $844,341, equal to 24 cents a share of capital stock, against $418,- 132i or 12 éenfs a share in 1935. BQNEYV Y[())'R.IK M;r:h '“ (#).—New York reene Cananea Copper Co. 1936 | Securily Dealers' Association | gszzsmcome was $1,124.207, cqual to| ":"1" aup! “‘"“a'ml 2.25 a share on capital stock, agains: e e e $2131,718, or $428 & share in 1995, | A BaanEs et - 118 Am Gen Eq_Inc 10 Cheseborough Manufacturing. Am Ins Btocks -- _5.126 B Bt eu Sihrs a0 Cheseborough Manufacturing Co. | Bankers Na: Inv N Y Transit t30c 1 o | (consolidated), maker of petroleum | ga;;cd lbv:uufi_‘l\n - N Y Water Své pf 108 o 52 iy,nroclurv_s, earned net profit in 1936 of nlwk‘ Fu?dm Niag Hud Pwr new 139 | $894,919, or $7.46 a share on the com- | Gorporate Tritt A A~ Niag H P(A) w . mon stock, the annual report of the [SorP Tr A A mod Niag Hud 1st (5) | company disclosed. o € | Gorp Tr Accum. Ser__ Niagara H B war M | Niag Sh Md Ba6le 6 Niles Bm Pnd b30c 1 Nipissing (60¢c) 9 Noma Elec (b10e) 1 . 4 5 Mich Sugar.___ Mid Sta Pet (A) Mid Sta Pet (B) .. Midwest Ofl (t1)_ Mid-W Abrasallc Midvale Co (b75c) 1008 Mining Co (Can) 5 Miss Riv F pf (6). 10s Molybdenum Corp 4 Moody’s pt pf (3). 25s Moore Dist (t50c) 8 Mount Prod (60c). 1 Nat Aut Fib b50c. 1 Nat Bella Hess 13 Nat Bo & Sh(b50c) 50s Nut Contain aboc. 3 NatFuelGas (1) & NatGypsAa2%.. 6 Nat Leather .. .. 7 Nat Rub Mch a200 49 Nat Servicepf. _. 38 Nat Sugar NJ (2) 12 Nat Transit (75¢). 38 Nat Union Radlo.. & Nebel (Oscar) _ 1 Nebr Pwr pf (7). 108 NEPAs6%pf b2 508 New Jer Zing (12) 100» New M&A Ldalc 5 Newmont Min b75¢ 1 N Y Merchandise 2 N Y Pw&Lt pf (7) 108 N Y Telpf (6%) . 258 TULSA, Okla., March 20 (P.—Base crude oil prices Mid-Continent ares—Oklahoma-Kansas ravity scale. 9Kc to $1.30. North. North entral and West Central Texas gravity scale, 98c to $1.20. East Texas. $1.27. West Texas (Permian Basin) gravily scale, R4c to $1.08. North_Louisiana-Arkansas, | gravity scale. 80c to $1 Rocky Mountain area. lrmny scale $iRe to €1 area — Pennsylvania BY SAFEWAY STORES BY the Associated Press. NEW YORK, March 29.—Sales of Safeway Stores, Inc., for the four weeks ended March 20 totaled $28,630,009, an increase of 15.5 per cent over the $24.- st 776,706 reported for the similar period (Bradiora-AlEshy same of 1936. in Southwest Pennsylvania lin | same grade in Eureka lines Su07. same | % = giade in Buckeye lines, $2.22 Corming. NEW YORK, March 29 (#)—Rub- ber futures sold at the highest since March, 1929, today as aggressive buy- ing pushed prices up by from 0.26 to 0.33 of a cent a pound. Much of the purchasing was f European account, traders said, po | ing out markets abroad were closed a | an aftermath of the Easter holida | Japanese interests were also credited | with considerable buying MONEY MARKET. | Hopes for amicable settlement of the NEW YORK. March 29 ( —Call money | Chrysler strike and evidence of more 1 1n - cer = pargoeny all g;{ priue .§§X‘s, factory demand were said to have been B0 day-6 further stimulating factors The May delivery of crude touched hs | 26.55 cents a pound: July sold at > New' York Reserve Bank, | and sflp.e,nbe?oa?zs 50. fzoicauat e Salt Creek. Wyo.. May 8 July October grade Jrade | .42 Spot steady: n—Nominel Cottonseed Oil. Bleachable cottonseed oil futures | tlosed steady. May, 11.11; July, 11.1: Beptember, 11.20; October 11.00 (bid). Sales, 51 contracts. New Orleans Prices. NEW ORLEANS, March 28 (?.—Cotton was 2 to 5 points higher in a quiet open- ing on the New Orleans market today May opened at 14.07. up 5 points. July 13494, October ai' 1450 and January at showed small g A'sharp drop 1 temperatures over most of the beit was not expected to have any s. in that farmers were the fields in the north This advertisament is under no circumstances to be construed as an offering of thess securities for sale, or an as offer to buy. or as a solicitation of an offer 1o buy, any of such securities. The offering is made only by the Prospectus. EASON OIL GOMPANY 40,000 Shares $1.50 Cumulative Convertible Preferred Stock ($20 Par Valus) itures_opened steady. __10.30b; _September, | b—Bid Corp| In 1935 net profit | Corp Tr "Acc Mod was $690,034, or $5.75 a share. Gumuiative Tr Sn\’ North AmL&P pt 50 No Am Ray A bi0c 15 Depos Pk £ i Depos Ins Shrs 4614 Best & Co. o i No Am Ray B bs0¢ North'n ron Of) 19 2'2 Best & Co. reported for the fiscal | D) year ended January 31 net profit of* Nor Ind PS pf a4l 20s 88 | share, in 1935. Fund Investors Inc Northern PL 75¢. 2 10} 1044 Pund Tr Shrs A @1 | $1,281,460, or $4.22 a share on the “moumandmg common stock. This 3 | compares with $1,133,953, or $3.73 a | North States PA_ 4 281 | Mengel/Co. G 1vestors, T2 ;| The Mengel Co, manufacturers of | Group Sec Agriculture Ohio Edis pf (6)_. 758 01| Group Sec Automobile Ohio Pwr pf (6)__ 60s 1102; | lumber, veneers and containers, Te- |Group Sec Building Okla Nat Gas Co. 1 121, | Ported today for 1936 consolidated net | Groun Bec Chemical Okla Nat Gas pf__ 100s 29 29 | profits of $279.806, equal after divi- | Q. Oldetyme Distil 8 dend requirements on the preferred Pac G&E 1st (1%) 1 stock, on which there are accumula- Pac Publie Service 1 tions, to 15 cents a share on the com- | §roup Sec R F Pan-Am Afr (11). 1 mon stock. In 1935 there was a net | Group Sec Tobacco PantepecOfl _ 19 | toss ot ssa 814 Pennroad (a?5¢) 9 Penna P&L pf (7). 508 Commercial Alcohol. Penn Wat & P (4) American Commercial Alcohol Corp. ’l::pnenh MIg 16 and subsidiaries reported 1936 net oenix Secur profit of $887,232, equal to $3.40 a share on the common stock, against Pierce Gov (blsc) Elonoerdold it $203,412, or 78 cents a share, in 1935, Life Savers Corp. Pitney Bow(t40c) Pittsbgh Forging Tifte riate i) Life Savers Corp. earned DosarcilAL) thba 28 4% | consolidated net profits of $844,134, or | Premier Gold t120 3 815 | $2.41 a share on the common stock, it 3 | reported today. This compared with 16| $814,310, or $2.32 a share in 1035 Seiccied Cimul 'S5 Plymouth Oil Co. el e Producers Corp . 24 Prosperity Bal} 2 Plymouth Oil Co. and subsidiaries, | § d sz‘l‘lrnfhfs Prudent’l InvaSle 2 Pub Sve Ind pr p1 1008 of Am of Am SR T B Found TE Sh A 136,000 Shares Coemmon Stock ($1 Par Vaiue) Sec Foo =5 Sec Invest Shrs Sec Merchandise Mining Group Fee Peroteum Group Sec R R Equip 297¢ Copies of the Prospectus may be obtained from any of the undersigned. % Sx3es 22 bam a3 ST s Detamed LYON, PRUYN & CO. STEMMLER & CO. JOHNSTON, LEMON & CO. e p Ol Torida. P&L 5 Gatineau Pw Gatineau in 1936 Nor Am T 8h 15 Plymouth Fund Inc Quarterly Income Sh Selected Am Selected Am Sh Inc DD s SR BNDD 1D SN Georgia Pw 55 '6 Glen Alden, Ol 4s | March 29, 1937 20 e Slrmicaisamaisn 51;4‘ ki 1183 | With properties in Texas. Mississippi, ;| Arkansas, New Mexico, Colorado, West w_?, Virginia and Pennsylvania, earned in 1936 net profits of $1,739.681, or $1.65 | a share of common stock outstanding, against $736,056, or 70 cents a share in 1935. Main offices are in Philadelphia. Plymouth Oil. ! | Plymouth Oil Co. and subsidiaries, | with properties in Texas, Mississippi, | Arkansas, New Mexico, Colorado, West | Virginia and Pennsylvania, earned in 1936 net profits of $1,739.681, or $1.65 a share of common stock outstanding, against $736.056, or 70 cents a share in 1935. Main offices are in Philadel- phia. Pug Sd P&L pf b5_1258 Quaker Oats (5)__ 108 Rainbow Lum (B) Raytheon Mfg vtc 1 Red Bank 5 Reed K B new 180« Refter-Foster Reybarn Co a25¢c Revnolds [n\est Rice Stix DG b50c Richm’d Rad!ator. Root Petrolm (1) _. Root Pcv pf 1.20_. Rossta Intl Corp Russeks F Av 506 Ryan Consolid'd Rverson & Haynes Saf Car H&Lt b1 258 St Anthony Gold.. 8 St Regis Paper . St Regis Paper pf. Secur Corp Gen.. Segal Lock & H_ Seiberling Rubber Selected [ndus Sel Ind all efs §3% 200, Sel Ind pr pf (53 )450s Sent Saf Control 1 Seversky Afrcraft 2 Seton Leath af0c. 6 FROM $25,000 to $25,000,000 in 25 YEARS 0 The 1936 statement marks the 25th consecutive year in which the Lumber- mens Mutual Casualty Company has made an increase in premium income, in assets, in surplus, and in dividends to policyholders. In twenty-five years the com- pany’s assets have grown from $25,000 to $25,000,000. INSURANCE STOCKS NEW YORK. March 20 (@ —New ank t s Association: Security Dealers’ . 106 Aetna Cas (7a) Aetna Ins (1.60) Aetna Life (.80a) Am Equit (1.:60) Am Ins Newark ('3 ® Substantial dividend savings on practically all forms of casualty insurance are available to better type risks. Policies are absolutely non-assessable. £ bw ‘ Y B & Lt 4ies or A L&P hlas 0 Ind G&E Mu CHICAGO LIVE STOCK. CHICAGO. March 29 () (U. §. Dept. of Agriculture).—Hogs. 16.000. including 6.000 direct: market steady 0 lower than Frida: average: bulk good and | Gen Reinsur (2) choice. 200 ) pounds. 10.20-40: top. | Glen Falls (1.60) 10.45: 160-190 pounds. 0.90-10.35: pack- | Globe & Rep (80) | Ing sows steady bulk good :350-500 | Globe & Rut pounds. 9.50-75 sales limited early. | Great Amer (1a) S Cattle, 11.000: calves. 1.500: fed steers Hanover (1.60) Shartnck Den Min 19 and vearlings steady to strong: longfed | Hartford Fire (2) Sherwin Will (4) 3008 r kinds scarce. active on_shipper account: | Home Fire Sec st Hd & P 1 | weighty steers showing most strength: up | Home Ins (1a) gamons to 16.00 a new high on the crop paid for | Homestead (1) Singer Mfg (16) 308 1504 Lincoln Pire Solar Mfg (a40c)_ selling at | Mass Bond, (412) | Sonotone (a10e) 5 feeders K‘CBI e, Nfl'i {‘\{’E (1 " 5 half fat feeders up to 10 i atl Lil efl! 208 Soss Mfg (a25c) . 0 South'n Colo P A all she stock firm | N Hampshire (1.60)° " Spanish&Gen rcts best, | N Y Fire (.80a) I Nor Ri\'er (45g) Phoenix (a) Spen Chain 8t 60¢c E(”’S \*ia;h a1 " Stand Dredging aul Fire (6 Stand Drev pf___ 100 e Stand Inv cum pf 1508 Travelers Stand Ofl Ky (t1) Stand Oil Neb b25¢ Stand Ofl Ohto 11 Stand Pwr & Lt_ Stand P& L (B) STATEMENT OF THE CONDITION OF THE Firemen's Nwk Frank Fire (1a)_ Lumbermens Mutual Casualty Company Of Chicago, Illinois, on the 3lst day of December, 1936. as required under Section 647 of the Code of Law for the District of Columbia. DISBURSEMENTS. Net amount paid policyholders for losses ---- $8,706,837.34 All other disbursements... ---- 10,833,912.66 | weignty bullocks: several loads bulk T3 | 9.50-10 1] [0on 000 ke 7% | meaty kinds, 9.00 down | to unevenly' higher: heifers 10.75: bulk. 10.00 down to bulls. 23 higher: weighty sausage offerings selling up to 7.00: very Jittle change in vealers: selects selling to shippers as high as 11.0¢ mostly 10.00-50. with light offerings &t R.50-0.00 Sheep including 2.500 _direct: fat, lambs supply around &5 per cent from Colorado: opening trade very slow: bidding 12.25 on lambs held at 12.50 and above; fatsheen scarce. stead -$22,219,614.81 580,292.65 346,705.79 Net premiums.. Total interest and rents. - Other income.. -$23,146,613.25 disbursements..___ LIABILITIES. Total unpaid claims_.. Total unearned premiums. Other liabilities .- oo occecccamaaa Total income. Total Super c; {41 EL 68 ASSETS. 1 $10,562,194.16 6,891,728.00 5,581,516.37 - $1,186,700.00 - 1400,151.17 - 12.723,322.55 65,825.00 8,272,085.06 Real estate Mortgage loans on real estate. Bonds and stocks. Cash in company's office. Deposits in banks. 14.000. AL Wresteneater (1208~ 343, a—Also extra or extrai T Declared of paid 50 far this year. S T Va Pub Ser s, Va Pub Ser 5s '50 B . Including Security Fluctuation Re- 5s 4 York Rwy Co 5s '37 FOREIGN BO! Gom Pry B 5ias ‘37 Cuban T 7155 " Hai U R 5! Ital 8u_Pw Lima_ City 6ias Medelin_Col 75 Ww—-With Warrants. xw-—Withou rants. n—New. st (stp)—Stamped §Negotiability impaired by maturity. tCompaniAs reported in receivership. SUBMITS LOW BIDS FOR ARMY PLANES BY the Associated Press. DAYTON, Ohio, March 29.—North American Aviation Cnrp., San Diego, Calif., was low bidder for contracts to furnish the Army Air Corps with planes,, classified as combat ships, a check of estimates by Wright Field | engineers here today showed. Bids received by engineers on the | basis of 25 ships were: North American, 813,580 each; Seversky Aircraft Corp., Farmingdale, Long Island, $27,800, and Northrop Aircraft Corp. Ingle- wood, Calif.,, $24.301. In quantities of 150 the bids were North American, $12,920 each: Se- versky, $19,300 each and Northrop, $20,188 each. Prices were quoted ex- clusive of motors, costing the Govern- ment between $4,255 and $9,100 each, and accessories, $5,100 each plane. WEIR IS RE-ELECTED. PITTSBURGH, March 29 (#)— Ernest T. Weir was re-elected chair- man of the Board of Directors of the National Steel Corp. at a stockholders’ meeting today. This meeting also re- elected the present Board of Directors and officers, i Fisk Rub pf (6)__ FlaP&Lpt_ Ford Llfll)!l-loo Ford (Can) A (1) Franklin Ray a60c Froedt G&M (20c) Froedt't cv pf 1.20 100, Gen Invest Corp . Gen Rayon Ltd A Gen Tire & Rub . Gilb't(AC)a62%c. Glen Alden C (11) Godchaux S A b2_ 100s Godenaux Sug(B) 1 Goldfield Consol . 10 Grand Natl Films 5 |Grt ARPTn v 16 40s Great Nor Pap t1. 80e Greenflela T& D . Groo Store Prod Gulf Oil (Pa) b2be Hall Lamp (30c) . Hartman Tobacco. Harvard Brewery. Hat Corp (B) 80c_ Hazeltine (a3)____ Hearn Dep S bl.65 Hearn DS 6%Df 3 Hecla Min (b20c). Helena Rubenst'n. Helena Rub (A) 1. | HevdenCh (t2) _ | Hires (C E)A(2) | Hollinger (165¢) florn & Har pf (5) Hudson BM&S 1) Humble Oll (1%)_ Hussm'n Lig (T1). Hygrade Fooa IMP&L6% Dt 111 Pwr & Lt $6 D 800s Imp Of) Ltd t60c 6 Imp Tob Can t40c 1 Indiana P L(b30c) 8 Ins Coof No A t2 700 Intl Hold&Inv Ltd 2 IntHESep A war 1 Interst HM t2%._ 1 intlHy Bl1Scvpt 1 Int]l Petr (11%)__. 1 Int] Produets____. 1 | Stand P& L pf __ 650 Stand Prod (b25c) Stand 811&L4 (4c) 1 Stand Stl Sp a2% . Stand Tube (B) . Starrett Corp vte Sterl Alum Pa 75¢ Sterl'g Brew a75c. Sterling, (nc(20c) Stinnes(Hugo) d Stroock & Co a2% Sullivan Machine Sunray Of) (al0c) 2 Sunshine Min (8) Taggart Corp Tlch Hughes t40c Technicolor at0e_ ‘Texon Ol & L ‘Thew S8hovel af0c. 76s Tilo Roof Inc (1) 1 Tob&All Stka a3l 26s Tob Prod Exp 16c. ‘Tonopah M (a6¢) . ‘Tr-Lux DPS t20c. ‘Tubize Chatillion. Cung-Sol Lamp n_ Tung-8ol L pf 80c Unexcelled Mfg.. Unit Gas Corp Utd Gas war United G Cpf b1% Unit Lt & Pw tA) 2 Unit Lt & Pw pf Unit Molass b1l tInit Shipyds B Unit Shoe M 2% 100s Unit § Mch pf1.50 100s USFoil (B) (1) . 6 U 8 & Int] Secur 10 US&IS i1stpf bl 1 U S Lines pt U 8 Radiator U 8 Rub Reclaim.. U S Stores Unit Stores vto. Unit Verde Ex (1) Unit Wall Paver Univ Prod (b50c). 50 Utllities P& L (4) 6 3 1 6 rz 6 6 2 VISIBLE GRAIN SUPPLY. NEW YORK, March 29 (#)—Visible supply of American grain shows the following changes in bushels: Wheat decreased 1,514,000; corn decreased 987,000; oats decreased 1,100,000; rye decreased 32,000; barley decreased 400,000. RAIL CONTRACT LET. NEW YORK, March 29 (#).—The Missouri Pacific Railroad has awarded a contract for six Diesel locomotives, to cost $469,000, to Electro-Motive Corp. Stock and Dividend Rate. Add 00. Otility & Indus pt Valspar vte__ Venezuela Mex O_ Venezuela Petrol. ‘Wagner Bak b40c_ Walker Mining Wayne Pump (500 Well't'n Oil of Del Wentw'h Mf t1.20 W Va Coal & Coke Westn A E (a25c) West Au Sup A 14 100; Westn Tab&St(2) 1 Wil-low Cafeteria 1 Willson Prod (t1) 1 Wolverine PortC 1 Wolver Tube b20c. 2 1 H 4 3 High. Low. Close. 4 5 8% 4 2% 104 4 8 T8 4 3% ‘Woodley Pet t40c_ Wright Hare t40c ¥gstn Stl Door(2) Yukon Gold(al3e) Dividend rates in dol based on 1 quarterly or semi-annual payment. Al Tate—noy including. extras NEW clared: Cons Paper. DIVIDENDS ANNOUNCED YORK, March 29.—Dividends de- Regular. Stock Rate. riod.record. able; Premiums in course of collection. Interest and rents due or accrued All other assets... Gross assets. .. Deduct assets not admitted. 2,909,858.01 130,236.02 21,674.43 -$26,709,852.24 79,647.85 serve $1,000,000 and Reserve for Con- tingencies $1,000,000. (Voluntary.) Surplus over all liabilities. 3,594,765.86 poultry. fowl fancy young hens, ducks, white Pekt steady: eeciraiytic spot nnd future. b ; snd ruture. 700 0 Qn:cx-mer 00. Switseriond. Portugal, cumulated dlvldludl aPaid last year. b PA d hlg Vi d Companies reported as in ban act. or securities assumed by such com- Dpanies. 3 PHILADELPHIA PRODUCE. HILADELPHIA. March 29 (#.—Live Plymouth Rocks. fancy. 20- 26-28; _tom: soung, 21085; old 300 d, 18-19; Muscovy, ‘white, 19-20; oul: Fresnckilled, o boxes, ‘475: old Toosters . T4%- *Bpfing ducks, Lo nacYs! METAL MARKET. March 20 (®). — 2 M ST Dominal X}elrb t and 008 Eastern Permsylvnnu 1ab: A ‘spot. 17.00. 3.00 Pmlnum Woltramite. FOREIGN EXCHANGES. YORK. March 29 (#).—Foreign e eetes Great Britain in dollurx i s R 50ba: 134‘ A btcy or in Teceivership, of [ R-R0lsn: ° being Teorganized umder. tne. bankruptey | Hongkong. Montreal N in New York 100.14 1% York in Montreal. 89.851F. n—Nominsl. ¢ Total admitted assets_._... nea---$26,630,204.39 Total $26,630,204.39 NET PREMIUMS WRITTEN DURING THE YEAR. Accident Auto liability - Liakility other than auto. Auto collision Property damage and collision other than auto Totals JAS. District of Columbia $798.97 126,904.24 20,458.85 139,596.25 894.43 1,853.30 4,393.98 1,185.36 Total $164,138.69 11,100,380.31 960,507.01 6,136,775.69 26,159.72 110,682.04 142,507.94 96,268.52 27,869.35 3,181,945.43 205,043.38 67,326.73 5681523 1,797.96 60.14 $22,219,614.81 $354,758.76 C. WILSON, Vice President. Subscribed and sworn to before me this 24th day of February, 1937. My commission expires June 24th, 1940. (SEAL.) J. F. VALENTIN, Notary Public. THE MUTUAL INSURANCE AGENCY ALBERT R. PETERS, President J. H.Kroll C. V. Hyson CHAS. M. BOTELER, Secretary 1301 H Street N.W. C. H. Elliott D. H. Sayer J. G. White 1. OAKES, Treasurer Call “The Mutual”—National 6690 P.F. Grove