Evening Star Newspaper, January 27, 1942, Page 15

FINANCIAL. New York Cenral Reports Drop in December Net $2,040,182 Compares With $4,000,235 in Same 1940 Month BY the Associated Press. NEW YORK, Jan. 27.—The New York Central system reported today | net_income after fixed charges in December amounted to $2.040,182, compared with $4,000,235 in the like month a year earlier. Although operating revenues rose to $41,316,307 from $34.854.494 in De- | cember, 1940, operating expen:es | gained at a faster rate, amounting to | $34,948,535 against $25,986,976. Shell Union Oil. R. G. A. Van Der Woude, president of the Shell Union Oil Corp., an- nounced preliminary figures for 1941 indicated net earnings of $17,300,000 after a $4,000,000 special reserve. Net income after the special pro- vision equaled $1.32 a common share and compared with $15654.678 or $1.05 a share earned in the preced- ing year. Shell's provision for Federal in- come taxes in 1941 were $9,900,000 | against $3,800,000 the previous year. Van Der Woude said the company Stocks (By Private Wire Direet to The Star.) Stock ana Sales— Dividend Rate. Add 00. Hizh.Low. Close. Ainsworth 1.25¢ 1 4% 44 4% Alrcraft Accessries. 2 1% 14 1% Als Power pf (7)___ B0s 106% 106'% 108 AlianceInvest __. 1 1 1% 1% Alum Co of Am 6g.. 200s 103 103 103 Alumn Goods 18e . 1 12 12% 17% Aluminum Ltd (h8) 1508 e 76 Am Box (.255) P A | 4 AmCP&L(A) 3. 258 11% AmCity P& L (B) .. 1 | Am Cyn B .60a 17 9 24 23 23% | Am Export 1.508 ___ 5 19% 19% 19% Am Gas& E1.608 AmG&EDp! (4.75) BOs msu 103\« 1o:m Am Hard Rubber 3g 50 Am Lt & Trac 1.20 10’% 10‘3 lO‘a Am Maracaibo w W % Am Repub 35¢ _ 61 61 Anchor Post Pence 2 2ul) Appal E1 P pf (4.50) 10175 10115 Ark Nat Gas (A) o1 ArkP&Lpt (7) 873 87% Art Metal 60a 5 s Asso G & E (A) (1) _ * & A330 G & Ept (1) 15 % 27 21 % % 5w 5% 1313 13% * ll'/a Gl 3615 875 1 2 102 s 1 AtICL 2.508.. Atlas Corp war _ Auburn Cen Mfg Avery pf ww (1.50) Avery (BF) wa: Ayshire Patoka Baldwin Loco war 1 Baldwin L pf (2.10) 508 Barl & Seeliz A 1.20 100s Beaunit Mills cvpt (1.50) ___ Beech Alrcraft Bellanca Atrcraft Bell Atrcraft (2g) Bell Tel Can (h8) - 508 {s discussing with the Government erection of a plant to produce an- nually thousands of tons of buta- diene, a synthetic rubber ingredient, and also is turning out other war materials. He said Shell is working on new plants, at undisclosed locations, which will increase by nearly 70 per cent Shell's output of high-octane eviation gasoline. Devoe & Raynolds. Devoe & Reynolds Co. reported for the fiscal year ended November 30, 1941, net profit of $1,178,189, or $7.08 a common share, compared with‘ $249,920, or $1.16 a share, in the pre- | ceding fiscal year. | Pennsylvania Railroad. | The Pennsylvania Railroad re-| ported a net operating income for 1941 of $97.102,488, an increase of $10.603,922 over 1940. For the month of December, the net operating income was $8813,- 370, a decrease of $285518 from December, 1940, i Gross revenue for 1941 saggre- gated $614.041163, against $477,593,- 408 in 1940. C.. B. & Q. Railroad. | Chicago. Burlington & Quincy Railroad reported 1941 net operat- ing income of $19,135.005, compared with $13,082,778 in 1940. Chicago Great Western. Chicago Great Western Railway | reported 1941 net income of $1,739,- 581, equal to $3.25 a preferred share. Net income in 1940 was $39,944. Caterpillar Tractor. Caterpillar Tractor Co., farm equipment manufacturer, reported | net income of $7,784483, or $4.14 a common share, for the year ended December 31. 1941, against net in- come of $7,839,117, or $4.16 a share, | in the 1940 year. Remington Rand. Remington Rand. Inc, in a pre- liminary report for the quarter ended December 31, 1941, showed consolidated net profit of $1,261,644, equal after preferred dividends to 60 cents on each of 1,743,040 common shares outstanding. This compared with $961163 or 48 cents each on 1584,895 shares of common in the December quarter of 1940. N. C. & St. L. Railway. ‘The Nashville, Chattanooga & St. Louis Railway reported a net profit of $1888517 for the calendar year of 1941, an increase of $1,185,- 073 over the previous year. Of this total the company paid out two $1 dividends on each share | of stock during the year, amount- | ing to $511,693, the board of direc- | tors was told at its quarterly meet- | ing. The net profit on each share was $738, however, as compared | with $2.75 per share in 1940. Washmglon 'Exchange SALES. Capital Traction 1st 55—$1,000 at 10412, $1,000 at 104!;. Washington Ry. & Elec. com—1 at | 600, Garfinckel com—50 at 9%, 50 at 9%. AFTER CALL. ‘Washington Ry. & FElec. pfd.—13 at 11515, Washington Gas pfd.—10 at 103. Garfinckel com.—40 at 9%. Capital Transit Co.—100 at 21, 100 at 21, i BONDS PUBLIC UTILITY. Am Tel & Tel cv deb 3s 1956 Anacostia & Pot 5s 1940 Ana & Pot guar 55 1948 . Ana & Pot mod 33%s 1951 _ City & Suburban 5s 1948~ Cll! & Sub mod 3%s 1951__ rgetown Gas 1st 5s 1061 Pnt lec Pwr 3145 1061 Washington Gas 35 1980 Wash Rwy & Elec 45 1951 MISCELLANEOUS. Ter RI&W Cp 1st 4%s 1048 102% STOCKS PUBLIC UTILITY Amer Tel & Tel (9) __ 1 Clmlxl T"M%c'fx i.-n__ = N & W Sieamboat 4) 3 So3a Ex 5EE5: SE358FES Wash Ry & El ptd (5) mnx AND TRUST COMPANY. Am Tr Co._(e8) _ 200 s.nx( °1‘ B:thhlesu. .75 30 apital ( Com & Smnu (10.00; Liberty (i6 Lneoin ll'th e T ( PG 8k & T 1 000 Riggs (e10) Rigss ptd (5) Washington () Wash Loan & Tr (e8) *210 FIRE INSURANCE American (14,000 en’s Ritona union 75) TITLE INSURANCE. Columbia (k.30 Real Estate (mb) MISCELLANEOUS campel Corp (2001 | e SR er§ot T ov bta (1.50) Lanston Monotype (1.00) Eincol serv.com (1.25) Lincoln Sve 7% (3.50) Mergentbaler Lino ‘na 00y Nat] Mtge & Inv pfd (40) Peoples Drug com new (1.60) Real Est M & G ofa (1.50) Becurity Storage (14) i Wing & Lot wdwd & l‘)!hl’n “Ex ‘dividend tra. b 50,00 extra p Paid .n 19 D—cemuer 29, 1941, sstrnong 19 256508 ,,... 3 Fua comomiin g2 4 [ 20 8. €27 eX: 'PLUE extr s !ms 95 41. % M nn exlu pald !1 extra. Balfimore Stocks Special Dispatch to The BALT!MO(];CE Jan. 27.— 150 Arundel Corp 306 Baltimore’ Transit 00 East Sux As vie - 00 East Sug 20 Pidelity 4" Devos Northern Central 483 U Fae & Guar 15 0% Am. 19% 137113 96 98 "4‘:. 2 | Cessna Atre (1.958) | Huyl (DeD) 18t pf | Irv Air Chute 1a__.. d | Mich Sugar | Middle west C 408 | Nat Puel Gas (1) | Nat Sugar Ren | NY&Hon R 2.3758-. 2008 | Premr Gold (h.08)._ . | Scullin Steel war to Tr db 45 A & to Trans 58 A B&Fbs P 0 £000 Ga 1% Berk & Gay Pur._ Bliss (EW) (2) _ Blue Ridge Blue R cv pf (3d) Braz T L&P h.40 Breeze Corp (18) Brewster A (.308) Bridveport Machine. Brillo Mfg (.30e) __ Brown P& W Brown P A (1.508) BN&EPof (160) Bunk HIl & 8 (1) Cap City P (.80%) Carrier Corp Casco Prod (1g! Catalin 25¢ CentNY Pwpf (5). 10- CentOSt (1.25) . 1 2 Cherry-Burr (1) _. Chicago Plex (8) Cities Service Citles Service p! 3. 100- Olev Tractor 6 Oolts PFA 8.508_ Col G & Bpf (5) Commun P 8 (2) Conn Tel & Elec | Cons Royalty (.20) Cons Steel Corp | Cont Roll &8 50r | Cor & Ray pf 2.50k Cosden Petroleum _ Creole Petrol .50 Crown Cen P .20g .- Cuban Atl (1.508) - Det Steel Prod (2 Duro-Test_ Eagle Picher Ld.60s EG & P pr pf(4.50) Eastn Sts pf (B) Basy W M (B) 3758 Klec Bond & Share_ Elee B& S0t (8) Elec B & 8 pf (8) ElecP&Lwar _ Emerson Elec (.105) Emp Dis E pf 7.50k EmpG&P7% pf Eauity Corp Bauity $3 pf 1.508 Esquire Inc (.608) - Eversharp Inc Pairchild Av 1.25g .. Parchld E& A PFalstaff Brew 60a . Fanny Parm 1.50a FaP&LtDL () . Ford Can (A) (B1).. 15% 2% 2% 9 2% % 2‘5 2'« 9 ™% 15% 15% BOI lll 1 lt 1 508 27% 100s 14 1 % 1 4% 2008 5% 116 131 l!l % 34 3‘ 18 18 274 27% 4 14 K LY 4 4% 5% 16 16 13 13 1051 105% T4% T4l 9% 9% * &k 7 7 9 9 2 2% 1% 1% Hearn Dep 8 pf .* rbk Holophane .50 Hollinger G (h.658) Hummel-R .60a Hygrade Sylv 1.25¢ | miinois Zine (.508) 5508 134 IndP&L5Y% D! - 1708 105% | InsCo N A (2.508) . 50s 7415 Int Petrol (h1) 7 9% Int Utilities (B) - Interst Home (.80)_ 7 9 24 1% Jaeobs Co Jeanette Glass__. Kingst'n Prod 208 Eoppers pf (6) Lake Shore h1.55 Lakey Fdry (.408) __ Lane-Bryant pf (7). Lefcourt Realty pf__ 14 95% 95% 8 8 1 2% 2% 2% 30s 100 100 100 104 10% L 8 8 1 1% 10s 95% 5 8% & & 19% 1% i 1% 1 120 120 3% 3% 3% 3% 5's 5'3 195 1% 1 1 1% Mead John (3a) 40s 120 Memphis Nat G .458 Mer & Mfg A (403) Merr-Chap & Scott - Mesabi Iron Metro Ed pf (8) _ Mich Bumper __ % # % 10s 101% 101% 101% % % 1% 8 1 1% Mich Busar pf .00_ ™ 8 | Middle States Pet 3 3y T 2% 4258 35 1 5% 25- 17 2 20- 160 2% 3 3% 7 214 34 5% 17 3 3y 7 2% (A) 3le_____ Midwest Ofl (.90) Mid West Refin 20 MinnM&M2.40 Molybdenum .50 Moody pte pf (3) Monogram Pic Mont Ward A (7) Mount City C 268 Nat Bellas Hess 5% a7 # 160 160 24 % 14% 10% 941 10% 9% 67% 17% N Y Shipsh (3g) . 150s 24% X Y StEAG pf 5.10- 408 101% 101 Niag Hua Pwr Niles-B-P 1.25 H 11"- Nipissing h.1 1 % Northn Sta P (A) 2% Novadel-Ag (2) - 14% Ohlo Edis pf (6) - 28y PacG&E5'2p! 1.376 Pantepec Ol Peninsul'r Tel Pennroad .258 Penn W & P (4) Phoenix Secur __. 4 Phoenix Sec pf (3). 200s Ploneer Gold (h.40) 1 Pitts & Lake E 68 60s Pleas Valley W 308 9 Pwr Corp Can h.15¢ 508 2% % 14% 10% 94y 10% 14% 10% Nat P & L pt (6) 94y Nat Transit1.108 - 2 N J Zinc (4g) . 1008 1% 144 ) 2%, U4 984 25% 4'3 29% 3% 42 474 33% 1'% 57% 31 2% % 4 108 108 108 4T% 46Y% 46% 150 150 150 %N & & 10 a0 5% 5% 213 2% 25s Pressed Metals Producers Corp... Pb SveCot pf (6) Puget 8d P $6 pf Quaker Opf 8 Red Bank Oil - Reiter-Foster Reliance E&E 1 508 505 Republic Aviation 5 Root Petroleum 2 Royal Typewr (1e) mo- Ryan Conso .108 St Regis Paper 8t Regis P ot Schulte D A pt Scullin St1 908 Gz 758 5 24 Selected Indus v pf 9508 Shattuck-D 258 - 1% 3% 3% 274 27% 274 2% 2% s 81 : \om losh 106'4 > Y Ne 15 5% | B s 10115 10115 1013 12% 12% 12% | Botom: 5% | Unit % | facilities at 34'9 | | | ontario Mg THE EVENING STAR, NEW YORK CURB MARKET Smaller Exchanges uvmna Rate. Auoo lhhl.c' cum Steln (A) &Cola_. Sterling Alum 1.258 Sunray Oll(.108) - Tampa Elec (1.80g) Technicoler (1) ____ Tilo Root (.80) Todd Shipyard (8g). 4 | Trans-Lux (.05e) . Tubise Chatillon Tubize Chat (A) le_ Udylite .10¢ Un Gas Can (h.80a) United Atreraft United Chemical.. Utd Clgar-Wh United Gas United Gas pt 9 Utd Lt & Pwr ( Utd Lt & Pwr p/ Unit Sh M (2.508) United Sh M pt 1.50 U Foil (B) U 8& IntSpf 3.768 - U 8 Radiator Univ Corp vte Utah-Idaho 8 .15e_ Uil Equity pf 2.508 Venesuela Petrol - Vultee Atrcraft Westm'ld Coal 3.758 Wichita Riv Oil Willams Ol-O-M . 2 2% 3 Unit of trading, 10 enares. rIn bank. Tuptcy or receivership or being reorsanised under Bankruptcy Act. or securities as- sumed by such companies. Rates of divi- foregoing table are annual the last quarierly 2% 7% T 137% * k& 1231 122% A & & 21 2i% b54'4 b4 2% 42% X 258 12 4 508 1% 3 5% ox BSreinred o paid 4o far (his gear. " PaY: £ Becied or paid s lag nisyear, WEVS dividends vaid or declared this vear. Bonds L Bl s 2016 l 0'/41 ‘0 5 < FFE & FRTFEE ] $ o AnPEL Iwnl [y ol 882 Earrasos! S e O Sa [Py 2352 mara 352 23.10B 3R R 2 o R3S, e RERTR RS EERRS & F T ORRFISIST » ®2 4 10142 l"l Ya lfllh R‘) 108% Ol'f: 8014 90, 0214 10° 86 Ro% 86ty xss un 41 A mat 82 v i . mflw 108% mn% 293, 99! 42 104% = 1gn:{ 103% 103% EFE e EFEELET = pencn SRS, Wk 3 CHFTTEEES 5 PR3 s *FEE FEEE (o iriirddiiidiidighdio) 32232 23AR2332 3 FeE, 3323233 FEF 3 - £t 3999_ 1 h H] 5; 22 10 3 g 2w 1 ~ 103 103 mu' - 101% 101% 101, 1004100 * 100 wwg <7 10114 101% 10114 | 2 100% 1003 1003 Rio de Jan 63s Russian 5'2s 21 cod Russian 8125 10 mat ww—With warra warrants. n—New. i 960,000,000 Plane Order|&: - Given fo Canadian Car OTTAWA, Ontario, Jan. 27 (Ca- nadian Press).—Munitions Minister &|C. D. Howe announced today the Canadian Car & Foundry Co. was being awarded a $60,000,000 contract % | for about 1,000 Curtiss Navy dive bombers, one of the latest types. He said the order would occupy the full facilities of the company’s Fort William, Ontario, plant, and the greater part of the company’s Pointe St. Charles, Quebec, “until late in 1944.” The contract calls for 12 months of sustained peak production, with a maximum output of 80 planes a month. It was expected the first plane would be completed early in 1943 and preliminary tooling up already is in progress. Dividends Announced NEW YORK. vidends de- Jan Div Ellred—prenred by the Fitch Publishing o. Initial, Pe- Rate. Johnson Automaties 25¢ Extra. Belding-Corticelli Ltd $2 Deerease. 286 - Accumulated Corrugated Paper Boz . inopt $1.75 Amer Roll Mill Liquidating. Onit Pub Sve s+ Omitted. Unit Specialties. Alons Panhnd Cem Am Purmita : Atl Refini 22 Detroit Gasket & Mtz 6 Eastern Orer L & P mu-n Brewing kes Dredze & Dk HAI id Co Hamilton Bridge Ltd 2™ Luther lll\l - N-u AC 5 Qutboard Mar & Mfg Pmllinx Petroleum Indiana. = Ry & "Lt Becur Del Savage Arms Sivyer Stl Cast 8td Ofl Indiana Elgin Nat Wetch_ Norfolk_West Rq Piiney-Bow Fost Meté WASHINGTON, Declared Left Out 0f Reform Plans Chicago Market Chief Says ‘Little Fellows’ Not Consulted BY the Associated Press. Speaking for “the little fellows” in the securities industry, Kenneth Smith of Chicago told the House Interstate Commerce Committee to- day suggested changes in the 1934 Securities Act did not fully represent the views of the smaller operators. Smith, president of the Chicago Stock Exchange, said the regional exchanges “had a hard time” get- ting an audience with the Securi- ties and Exchange Commission while the amendments the committee is studying were being considered. Most of the scores of amendments were advocated at earlier hearings by representatives of the New York Stock and Curb Exchanges. Walking to the witness stand from a seat in the back of the big com- mittee room where he said he had been waiting for days, Smith told the committee “I kind of got in the habit of being in the back of the room” from the time the industry- commission conferences at which the amendments were drafted started. “In some of the conferences, when the work was well advanced, we par- ticipated,” Smith declared. “But we were made to feel like a stepchild in a family council. * * * The little fellows made suggestions but | there is no evidence anywhere that | these suggestions received any con- sideration.” “Chiseling a temporary advantage | for the exchanges or for the over- the-counter markets or for the in- vestment bankers will effect no per- manent cure,” he added. Smith suggested that the S. E. C. “could well afford to reorient its viewpoint.” “We have had enough of repressive regulation,” he added. Washington Produce Bm’fll—fll score, tubs, 38: u‘ Dmmd Ys-pound prints 35 1-pound prints, A RA score, tubs. 14-pound prints, score. tubs 1-pound prints, -pound prints, mc,x4.)\e- 15; poul 28%: 13 v, spring lambs, | Prom Agricultural Marketing Service. | Prices paid net f.o.b. Washington: L Market steady. Prices paid for ded e rec nearby ungraded ceipts, whites, mostly 3 ler .Sulllly heavier w edPO5HY 20 l-celnu. e LTRY um nndy 4 pounds and up, 2 3% pounds and up " Roastors 1415, Ghick 3 broueu lnd 1!!!" l No. 2s, Delaware Rocks lnd cmuu br Xerl lnd hnr: sizes, ; No. li Capons. 5-8 nounds‘ ,.5 (4 pounds and up 26. Turkeys. young toms. 18 pounds and . yuunl hens, 10 pounds and 3 'and undersizes. 18 A a2 e Pound oid. 10 Gor- Powl, | through January | shares had been sold in this manner, 10277 of them going to dealers and D. C, London Market Eases in Dull Dealings B> the As¥ociated Press. LONDON, Jan. 27—Stock market prices eased today from the opening and finished a quiet trading session at the levels set in the first hours. alanced news from the naval action in Ma- cassar Strait and the -arrival ol foreign bonds shaded lower. held about steady in light volume and Kaffirs were dull. Industrials generally held to quotations estab- lished in the early downturn. Standard Gas Wants To Help Finance Louisville Gas Asks S. E. C. Approval Of Stock Purchases as Offerings Lag By the Associated Press. Permission of the Securities and Exchange Commission for Standard Gas & Electric Co. to buy common stock of its subsidiary, the Louisville Gas & Electric Co. of Kentucky, was asked today by officers of those con- cerns. ‘The treasurers of the respective concerns told S. E. C. Examiner Robert R. Reeder that parent com- pany purchasing was necessary be- cause the public and dealers were not taking sufficient amounts of the stock to meet L. G. & E. finan- | cial requirements. J. J. McKenna of L. G. & E. testifled that his company needed | 500,000 a month from sale of the stock to complete a $7,000,000 con- struction program undertaken in ex- pansion of facilities to provide power to companies “necessary to the national defense.” The Louisville man added that 150,000 shares were offered last Oc- tober at $23.50 to private investors and $2275 to dealers, and that 12 only 23795 brokers. Standards Treasurer George W. Knourek, Chicago, said his com- pany proposed to supplement public buying by taking as many shares at $22.75 each as would be necessary to bring total shares to the $500,000 mt% ‘. monthly needed by L. G. & E. . Both McKenna and Knourek re- ported that they did not know ‘},m..‘ whether there was any understand- ing between the parent concern and its subsidiary at the time the stock was issued that the parent would do supplementary buying, if necessary, at $22.75 a share. “I felt confident we could sell that stock to the public,” McKenna said, adding that “a number of unfor- Een things have happened since en.” Knourek testified under question- > |ing by S. E. C. Attorney Frederick | Zazove that Standard’s proposed in- vestment. in the stock would yield it 6.59 per cent. New York Cotfon B the Associated Press. NEW YORK, Jan. 27.—House ap- of the price-control bill brought active buying into cotton futures today. Values moved to new 13-year highs with gains of more than $1 a bale. Heavy profit taking and hedging was attracted on the bulge and prices lost a good part of the earlier gains. Pollowing the sustained advnnce, of recent sessions buyers showed; more caution at the present high | Late prices were 25 to 45 cents ;& bale higher, March selling at 19.40, July 19.62 and December 19.72. |, Futures closed 50 cents a baie higher. levels. | st. Fau | Last ) 1 1 1 1 1989 Middling ‘spot, 20.96n. Cottonseed Oil. 23 ‘contracts. Mareh, Sale: 1398 Juir. 1556, New Orleans Prices. NEW ORLEANS, Jan. 27 (P).—After ad- vancing 0 new seasonal highs here today. cotton futures felt heavy long realizing which wiped out most of the rise. Closing Drices were steady. 2 to 5 points net higher. igh. Low. Close. January 2001 20 20 19. cotwnmd oil_ciosed dull. Bleachable prime summer vellow unquoted. Prime crude, 12.50b: March, May. July and Sep- tember. 13.67b. | ®Bid." n Nominal. Stock Averages Indus. Rails. UL, S0ks. +2unc. +.1 +.1 545 173 262 543 173 261 543 146 259 614 172 351 639 190 355 517 134 245 742 205 406 523 130 309 Net change Today, close Prev. day Month ago Year ago 1941-2 high 1941-2 low. 1940 high__ 1940 low.__ 38.1 38.0 60-Stock Range Since 1927: 1938-39. 1932-37. 1927-20. 54.7 5.3 57.7 33.7 169 618 High Low ____ (Compiled by the Associated Press.) Bond Averages 10 10 10 . Indust. Util. Fgn. Netchange —.2 unc. +.1 +.0 Today, close 64.3103.31005 44.0 Prev. day . 64.5103.31004 439 Month ago 60.61029 99.7 Year ago 64.2104.9101.0 1941-2 high 66.5105.4 1022 1941-2 low 5831026 989 1940 high.. 61.4105.9100.7 1940 low... 48.3 989 903 10 Low-Yield Bonds. Close __ 1125 Prev. day. 112.6 M'nth ago 1122 Year ago. 1140 41-42 high 115.1 41-42 low 112.1 1940 high114.6 1940 low. 1084 (Compiled by the Assoclated Press.) 409 United States Treusfiry Position By the Associated Press. The position of the Treasury January year ago: Recelpts mra wm B i S e ol mowum- fl!hi over previous day. 24 compared with corresponding date & Jangary 24, 1941, 314,350,051 5 0 lllfl.fl'll 2. 194 saa 125. :h u No opponents of the proposal ap- peared and Examiner Reeder re- cessed the hearing “until further call” at the request of Zazove, who said he wanted the additional time to “see what turns up.” Freight Loadings YORK. Jan. 27 (. — Revenue {reight cars handled by railrosds reporting for the week ended January 24 in- flud(d P o , ge.mra Air Line} AR 16980 Buriington North Western Soutbern” Railway Reading. Missour! Rock Isla Jeruy Central | LackRwa ‘Nonhtm Plrmc Pacific and | Chesap. & Ohio 42 | Pere Maraueite Nickel Plate Southern _ Pacific Tllinois ~ Central_- 45.08 New Haven 2 U. S. Treasury Notes NEW Ji o in dnlhnonfi lh"l"ti’- (M Pflm e Year, .. 1942 Asked"Tiela. 1942 25 942 52 535535 8232322223 REIESEENG “s§§§§§§§"" 3 it i fgetg i 255! 23 3 i ] 9195 {9 i W29 iaiaa 9 i g n 3 Bl 1940 *Subfect to redeul taxes. but mot te State income tazes. 8 8 it 3 Foreign Exchange NEW YORK. Jan. 27 (#.—Late foreign exchange rates foliow (Great Britain in ollars, others in cents) Canda—Official Canadian Control Board rates for United States dollars, buying 10 per cent premium. selling 11 per cent premium. equivalent to discounts on nadisn dollars in New York of buying 8 b1 Ber ent. selling 808 pev- cent. Canadinn dollar in New York open market. 113 per gent discount, or 88.12% United States polliope—Great Britain, official (B akers Exchange Committee :lu 02, Selling 3,04, Open market ables, Argentina. offictal, 29.77; Eomcial. " 0.08n; - tree, unless otherwise Baltimore Livestock BALTIMORE. Jan. 27 (™ (U. 8. Dent. of quotations. little here: market Ve part load common 970- 10.75: few canner cows. 10. e Shelly canners. 550 do Calves—b0. Largely nomis cull to medium veales 0> 507040° potnas poinds, '17725712.88; 1.65-1 Bfl 2{"-‘2"0 pound: l 300, pounds.”11.30-56; Pacing sow Oheep—25. Nom 140-160 pounds, 1 (0 MOGREEHILL (0 SINCE 1300 804-1775ZNW. MEt 4100 TUESDAY, JANUARY 27, | to require licensing of businesses 1942. Henderson Appeal For Compromise on Price Bill Reported Senate Prepares to Act On Measure Approved By House, 286 to 112 B7 the Associated Presa Acting Price Administrator Leon Henderson was reported today to have made a last-minute appeal to Senators for final approval of compromise price-control legis- lation. Well-irformed sources said that he had written a letter to Senators in an attempt to refute any implica- tion that he believed the pending bill would not achieve the degree of price control that current conditions warrant. It also had been reported that Republicans might try to block President Roosevelt’s expected ap- pointment of Mr. Henderson as ad- lminhmwr once the bill becomes aw. Some Senators were reported to have said that there was no good reason to have an administrator who believed the legislation he was to direct would be ineffective. Approval Today Forecast. Meanwhile, Senate Majority Lead- er Barkley told reporters the confer- ence report on the price bill probably would be approved today. He pre- dicted approval also for the war powers bill which was debated in the Senate yesterday. Senator Barkley's comments were made at the White House after he and other congressional leaders had held their weekly legislative consul- tation with the President. These developments came as the Senate prepared to call up a Senate- House compromise on the contro- versial price legislation which the House approved yesterday by a vote of 288 to 119. Senator Brown, Michigan, floor manager for the bill, also said that the ceil- ings on 23 of the 25 major farm crops apparently would be affected | by only one of the three agriculture limitations in the bill—that pro- hibiting the imposition of a ceiling below 110 per cent of parity. Only cotton and potatoes, he said, would be affected by other stipulations that ceilings could not be fixed be- low the market levels of October 1 and December 15 or the average price from 1919 to 1929. These farm restrictions—which originally split both the House and Senate and evoked the bitter criti- cism of the President before they were worked out finally—went vir- tually unnoticed in the rough and tumble House debate yesterday. Instead, arguments centered around a provision that the Price Administration Office be authorized Democrat, of to make the program effective and another that a board of review be| created to restudy any price ceiling orders that might be promulgated. Wolcott Proposal Defeated. Under the leadership of Repre- | | sentative Wolcott, Republican, of Michigan an attempt was made to eliminate the licensing sections and to restore the review board once approved by the House. But that double-barreled proposition was de- feated, 209 to 189. Representative Wolcott declared that the legislation, which Mr. Roosevelt requested last July, would have been approved five months ago if Congress had had confidence in Mr. Henderson. Majority Leader McCormack took occasion during the animated de- | bate to say that reports that the| President might veto the bill were | unfounded, but he did say he be-| vieved that additional legislation might have to be passed “to cor-| rect some of the defects in the pres- | ent bill.” | The legislation, first requested by | President Roosevelt last July, would give a price administrator authority | to fix cellings on prices, in his dis- cretion, as well rents in defense areas. Licenses could be required for the conduct of almost any busi- ness. If provisions of a license were violated the offending party would be warned, then the Government could petition a State court to sus- pend it. That court might, after a hearing, suspend the license for not | longer than 12 months and the ag- | grieved party could appeal throuah | normal court channels. +#/0dd-Lot Dealings B3 tje Associated Press. Commission reported to- | actions by customers with Sd-1ot delleri!er ‘Specialists onthe New York Stock Exchange for_ January 101! purchases involving 70,466 sh; 2621 sales involving 69.240 shares. 3 short sales involving 1371 26: | ares * COMMERCIAL APARTMENTS RESIDENCES LOW INTEREST RATES Vhlhe;‘_punlop 1200 150 ST. N.W. DIST. 0222 FINANCIAL. Advertising Manager Named by Colgate By the Associated Press. NEW YORK, Jan. 27.—The ap- pointment of Robert E. Healey as| advertising manager of Colgate- Palmolive-Peet Co. was announced today by E. H. Little, president. Healey has been in the advertising department of the company for sev- eral years. Tire Shipments Cut Sharply by Federal Freezing Order Volume for December Off 47.8 Per Cent From Year Ago EY the Asscciated Press. NEW YORK, Jan. 27.—The Fed- eral order freezing stocks of tires dropped December shipments of au- tomotive casings to 2,604,022 units, 357 per cent under November's to- tal and 47.8 per cent under Decem- ber, 1940, the Rubber Manufacturers’ Association said today. December production, 2,967,387 units, .was 25.1 per cent under No- vember and 403 per cent under December of 1940. Casings shipped for original equip- ment purposes in December totaled | 1,288,798, a drop of 285 per cent from November and 509 per cent below shipments in December, 1940. Replacement shipments for the month were 1278854 casing, 408 per cent off from November and 42.8 per cent below the comparable month of 1940. Stocks in the hands of manufac- turers December 31, 1941, were 4,416,640, against 4,042,995 at the end of November and 9,126,528 on De- cember 31, 1940. Shipments of inner tubes for De- cember totaled 2,390,215 for all pur- poses, including export, against 3,824,665 in November and 4,643,781 in December of 1940. Stocks on hand December 31, 1941, were 4678407, against 4.377,171 a month earlier | and 7,016,948 on December 31, 1940. | 0il Putput Gains. | TULSA, Okla, Jan. 27 (P —An‘ increase of 277,214 barrels to 4.321,- | 454 in the daily crude oil production | of the United States for the week | ended January 24 was reported to- | day by the Oil and Gas Journal, Texas production was up 223,800 to 1725,600; East Texas, 70900 to | 439,800; California, 17,000 to 650,750; Illinois, 29,590 to 367,160; Louisiana, 4,855 to 366,380, Eastern fields, 1,300 to 110,200; Oklahoma, 1225 to 417.-| 150, and the Rocky Mountain States, 40 to 107,500. Michigan production was down 2,400 to 48,200; Kansas, 650 to 254,200. | PIANOS for RENT Choose from new «and used spinets, grands, consoles aond uprights of good makes. Rea- sonable rate TELEPHONE REPUBLIC 6212 Km,s 1330 G STREET (Middle of the Block) for Business Records' and 'Equipment LEDGER SHEETS lcottTaylor Co.In MILLS BLDG. 4 MEtro. 5846 Preferred Dividend Ordered by United Aircraft Corp. 75-Cent Payment Will Be First on New Issue BY the Associated Press. HARTFORD, Conn., Jan. 27—The Board of Directors of the United Aircraft Corp. declared a dividend of | 75 cents per share on the new issue | of 265,669 shares of 5 per cent cumu- lative preferred stock, it was an- nounced today. The dividend is the firsi to be paid on the issue which was author- ized at a meeting of stockholders last December and is payable on March 2 to stockholders of record at the close of business on Febru- ary 16. United Public Service. WILMINGTON, Del, Jan. 27 (). — Directors of United Public Service Corp. authorized yesterday distribu- tion of $4 a share to stockholders of record January 31 as partial pay- ment of net assets in excess of capital. It was pointed out the payment does not represent a dividend pay- able out of earnings, but is a dis- tribution of the major portion of the asset value represented by the cor- poration’s stock. On December 30, 1941, United | Public Service sold its principal assets consisting of $1,200,000 in- come note and 16,000 shares of Ken- tucky Power & Light Co. common stock for $1,200,000 plus accrued in- terest on the note. We Have for Sale 57 First Mortgage Notes St Noarty 49 Teors Southern Buildin; A. 0271 CASUALTY INSURANCE and all_forms of Insurance REALTORS 721 Tenth Street N.W. NAL. 0765 MORTGAGE LOANS Favorable Rate FIRST DEED OF TRUST ONLY €43 Indians Ave. N.W. Nat'l 0850 000000000000005000000000 Set your goal for— o Jo=* ® The most modern of structures was built brick upon brick—every fortune was gathered & dollar at a time! Set your goal for 81,000, $5000 or $10,000 and save accordingly — put- ting aside a definite amount each week or each month. LOW PAYMENTS! . NO COMMISSIONS! ® NO nm':wum 7 133uG6sr, uw. 01-6270 Suims 20456 OU'fl.lflndnllehlcm- venience to place the do- tails of management of your apartment house and residen- tial properties in the hands of our Property Management De- partment. Experienced service; nominal fee. B. F. SAUL CO. 92515th St. Natl. 2100 Mortgage Loans - Remember, every mem- ber’'s account is PER- MANENTLY INSURED as to Safety up to $5,000 by an Agency of the United States Gov- ernment. A PUBLIC SERVICE: This Association has beem appointed a qualified Agemt to issue Series E—U. S. Defense Bonds. This service is opem to the public, DIstrict 2340 FIRST FeDeRrAL S“VIDOS AnD Loan assoclation Conveniently Located: | 610 13th St. N.W. (Bet.F & G) (No Branch Offices) 0600000000000 0000000000 REFINANCING REMODELING . . . NEW HOME PURCHASE A Columbis Federal Loan will solve your home financing prob- lems . .. @ All menthly pay- ‘ments applied directly to loan balance. @. No commissions or renewals. @ Ne red tape or waiting. Loans Available in D. C. or Nearby Maryland and Virginia