Evening Star Newspaper, January 28, 1942, Page 21

FINANCIAL. We Wil Buy Second Trust Notes Secured on Improved Property. NationaL MorTGane & InvesTuent Core. 112N, Y. Ave, N.W. = NA. 5833 * Start Now . . . Save the Insured Safety Way! HERE, yosr savings are IN- SURED wp te $5000 by = Fedoral Govermment Ageney. HERE, your savings earn an atteactive profit for yeu, and more income from your sav- Ings will mean seeurity for lster years. Open your in- wared savings secount HERE! For Victory—Buy U. S. Savings Bonds and Stamps NQRTHWESTERN SAVINGS & I.OAN SN, RE. 5262 1337 Brancl I ) T T T T T T T T T TP T T T T I; What firm finances large real estate projects? 000000000006 nSu WEAVER WASHINGTON BLDG.. DISTRICT 8308 REALTORS SINCE 1888 Convenient Financing of apartment houses and other investment propesties can be arranged through our FIRST MORTGAGE Loans —if the properties are located in the District or nearby Maryland and Vir- ginia. When approved will be made as you elect— 3.-Year Straight Plan or Long-Term Monthly Payment Plan and Also F. H. A. Facilities Applications given prompt consideration and report. B. F. SAUL CO. 925 15th St. NA. 2100 Mortgage Loans LAIDLAW & COM"A.\Y NOTICE OF CANCELLATION OF LIMITED PARTNERSHIP CERTIFICATE Notice is hereby given that the Certificate of Limited Partnership filed in the Office of the Clerk of the United States District Court for the District of Columbia on February 14, 1941, under which was formed a Limited Partnership under the firm name of Laidlaw & Company, has been cancelled, and that the following isa | copy of the Certificate filed for such purpose in the Office of said Clerk on January 3. 194. The undersigned, being all of the partners in & limited partnership under the firm name of Laidlaw & Company. a certificate of the forma- tion of which was filed with the Clerk of the District Court of the United States for the District of Columbia on February 14, 1941, which partnership will, by the voluntary act of all partners, be dissolvs of December 31, 1941, do hereby declare, state and give notice that said limiited partnership will be dissolved s 0of December 31, 1941, and that the said cer- | tifcate of the lormnwn thereof is hereby can- | said dat IN Wi 11‘\ ESS Wi HEREOF, the undersigned | Bave hereunto subscribed their names this 23 day of December, 1941. i EDWARD ROESLER ED\VARD R LORRAINE F. 15ABELL waoD SR LT HENRY McSWEENEY / Sppias Pariners (The foregoing Certificate was duly acknowle dged by the several subscribers thereto.) LAIDLAW & COMPANY NOTICE OF LIMITED PARTNERSHIP CERTIFICATE OTICE IS HEREBY GIVEN that a pew ted Partnership. has been formed to cons tinue under the firm name of Laidlaw & Come ny. the business heretofore carried on by the imited Partnership of the same name (whigh, by the voluntary act of all the Partners, ter- minated on mber 31, 1941) and by its lecessors. The Partners is !o be con= lucted under the name of Laidlaw & Company. The business to be transacted is that of buying, selling and dealing in and with stocks, motes, securities, negotiable instruments and etber evidences of debt or ownership, as brokers and agents, and not otherwise. Roesler, Kings Pont, Road. Great Neck, New York, Gilbert U. Burdett, 199 Maple Sureet En wood, New Jersey; Elliot C. R. Laidla est. Ell,tlh Street, Plainfield, New ]euel lmmW< oel, S44 East 86th Street, New Y Edward Roester, Jr., 12 Westgate Plandome. New York: Lorraine Fa Prman Old Kook Highway, Daricn Connecs | ticut; Daniel E. MacLean, 20 Nort White Plains, New York, and W Deventer, 36 bella {\M Laidlaw, 143 Dwight lhw l-n;le- wood, New TJersey. Avenue and Boardwalk, Atlantic are the Special Partners, Broadway, v F. Vi on stock of the Partner- to commence January 42 and terminate December 31, 1944. Cer tificate of Limited Partnership, signed and l(knnwlednd by all the partners, was filed on January 3. 1942, in the office of the Clerk of #he United Stater District Court for the Dise Arict of Colum 'S & and Henry McSweeney, | Flectric Production Off Slightly in Week, Rises Over Year Ago Index Shows Little Change From Power Output in Previous Seven Days B7 the Associated Press. NEW YORK, Jan. 28—Electric power production for the week ended January 24 declined 3 of 1 per cent to 3,440,163,000 kilowatt hours from 3,450,468,000 in the pre- ceding week, but rose 14.8 per cent over 2996155000 in the similar period a year ago, the Edison Elec- tric Institute reported today. ‘The drop in output was lulht!y more than seasonal and the Asso- ciated Press index of electric power production declined to 1554 from 1555 the previous week. A year ago the flgure was 1385. The in- dex, adjusted for seasonal and long- term trend, is based on 1929-30 production as 100. 1941-42 1940 1939 1938 1555 1381 1205 1172 1376 1214 1123 1028 Percentage output gains over last year by major geographic diyisions follow: New England, 16.0; Mid- Atlantic, 11.6; Central industrial, 13.2; West Central, 125; Southern States, 169; Rocky Mountain, 182, and Pacific Coast, 21.0. Defense Bond Sales Near Billion in Month BY the Associated Press. Sales of Defense bonds reached $795,088,712 in the first 24 days of January, indicating that the month may set a record of close to $1,000,- 000,000. The previous record was $534,000,000 in December. The last week of January was ex- pected to be particularly heavy be- cause institutional purchasers usual- ly buy at the end of a month be-~ cause they get the same interest as {t thy buy at the first. This type of purchaser is important in January sales because he is likely | to buy his maximum yearly quota of $55,000 worth all in that month. Washington Exchange AFTER CALL. Capital Traction 1Ist 5s—$1,000 at 105; $1,000 at 105; $1.000 at 105; $1.000 at 105; $1,000 at 105. Washington Gas pfd.—50 at 103. BONDS PUBLIC UTILITY. e sked. Am Tel & Tel cv deb 3s 1950 1081 Pot 105 108 ap Traction 1si 55 1947 105 1ty & ‘Suburban_ 85 1948 Toa™ Sity & Bub mod 3%s 1051~ 108 | Washington Gas ‘3 1960 f, | Wash Rt wy & Elec 45 1951 | Ter RI&W Cp 1st 4'as 1948 102% STOCKS PUBLIC UTILITY. Amer Tel & Tel (8) _ Capital Transit (p1.28) F & W sreambont Ry & E1 com 1(40) Wash Ry & Ei ptd BANK AND 'nwrr COMPANY. r Bee & ‘l‘r Co 4el) 200 | American um | Piremen’s Rationsi Union (.75) TITLE INSURANCE Columbis (k.30) . | Real Estate (m8) ___" MISCELLANEOUS. Carpel Corp (2.00) 20 Garfinckel com (.50) | Garfin'el 6+, cu cv 'ptd (1.50) Lanston Monotype (1.00)._ Lincoln Serv com ( Lincoln Sve 7% pr of (3.50) Mergenthaler Lino lp.”ll' Natl Mige & Inv pfd (.40) Peoples Drug com nna (1.80) Real Est M & G ofd (+.50) Security Storage (14) Ret & Wn' cor () | 0 Wdwd & lfllhron nm ) *Ex dividend. 7 Plus extras. e 2% ex- | tre. b $5.00 exm k 20¢ extra. m $1.50 | extra » Paid $5.00 extra paid | ¥ 810, 00 extra. [ Decerber 26, 1941 \Washington Produce 3 score. tubs. 37%; 1-pound Verpound D 89, s, '36%; 1-pound prints, Ve ponnu prlnu, 37 1-pound b BUTTER—9! prints, 1!‘/1‘ score,’ tub: 14-pound prints, :45' 1-Pound prints, 3414; ives, 14; spring lambs, From Asricultural Marketing Service. Prices paid net f Wi EGGS— | paid for Federal-State graded | Ceived _from grading _stations 2R): Whites: s. s, 1 mediums. Browns: U. 8. extras. large, 5: U. S extras. mediums. 8. standards. large, standards, 29-33, mostly Current receipis: some of better auality, eights up to 34: mixed colors, Receipts Government-graded ses 3!, pounds and up, 14-15: ' Roosters: 14-15. ° Chickens: Vir- ks. broilers and fryers. ali_sizes. Z Delaware and Mary- and undersizes, all sizes, 25 per PDund, nld. 10. fChicugo Produce (7. — Butter, re- | the e 3 rece‘vls 7.846; firm: eipts, 33%; dirties, $1%; other prices’ unchanzed. Poultry, live, trucks: over 5 pounds. thham hens, olher orices unch: Unfed Btates Department of Agricul- ur 05; on_track. : total U. 8. ship: ; me; da:;nd hlrv B‘lrlet Le{; g‘rfllum 3 and | Golorade checks, 31 steady: otatoes, arrivals. U, North D:kanfl ‘Bliss Ti T8 commercials. 2.05-30; cob mmmer‘:;llg. 1:90-2,00; Wi Dewa b, 0b: néw stock. 3 d siow. market | s Triumphs. 8. No. bushel crate. supplies_mod- dull: Florida 1.71.85 per ‘ | Baltimore Stocks Speciz) Dispatch to Tiae Star. BALTIMORE, Jan, 28.— st 100 Esst Sus pt VT - 30 Fidelity & Dep 30 Finance Amer A 100 Northern Centr 08 15653 r‘x?e'x"z' gfl:r 38" g B 00 Balto WBSTE LA B 84 4 | Mesabi Tron i current Nl "3t | Reiter-Foster hens. | 17%; | THE EVENING STAR, WASHINGTON, D. C, WEDNESDAY, JANUARY _ 28, 1942. Stocks (By Private wm nlr«t to The St Stock ana Dividend Rate. Addoa High.Low. Close. Alnsworth 1.25; 1 4% 4% 4% Afrcraft Accessries_. 7 1% 1% 1% Ala Powerpf (7) __ 50s 106 106 106 Alum Co of Am 6 100s 10315 102% 102% Alum Co pf (6) 200s 114 113 113 Aluminum Ltd (h8)_850s 76% 76 7 Alumn Ltd pf (6) 50s 96 96 96 Am Cyn B .60s .. 8 3715 36!y 36% Am Export 1.50x. 12 241 24 24 AmGas&E160a . 8 19'% 19% 19% Am G & Epf (4.75). 1008 102% 102% 102% AmGenpf (250) _ 255 31 81 3l Am Lt & Trac 1.20 101% 10% Am Maracaibo % Am Repub .35¢ 6 Am Superpwr pf 2% Am Writing Paper_ 2% ATk Nat Gas (A) 1 | Ark Nat Gas p!.908 ) - 3 RS e @n Automat Prod Axtod-Pisher (A).. Avshire Patoka - Baldwin Loco war-_ Barium Stain 8tl Basie Refract .80 Beech Alrcraft Bell Atreratt (28) - Birdsboro Py 1.25¢ Bliss (EW) (2) Blue Ridge Bowman Bilt 1st___ Bowman Bilt 2d pf_. Braz TL&P h Brewster A (.30¢ Bridgeport Machine Brit-A T rg (.547p). BN&EPD! (1.60) BN&EP st (5)__ Calit Elec Power. Can Col Alrways __ Can Mar W (h.04g! Cap City P (.80¢ Carrier Corp @ 2 ® - PeE e @ S 73 Cessna Alre (1.958). Cities Service . Citles Serviee pf 3¢ City Auto Stpg (.60) Cohn & Rose 1.75g - Columb Ofl & Gas - Conn, Tel & Elec __ Cons G & E Bal 3.60 Consol Gas & Eles BalpfC(4) ___. Cons Steel Corp 4 T8 1% 1% 1 50% 50 108 101% 101% 6 5% Cosden Petrol pf Creole Petrol .50 Crocker-Wheeler. Croft Brewing | Crown Cen P 208 _ Orown Drus (.108) - Cuban At] (1.508) ... Det Steel Prod (2 Diveo Twin 18 Driver-Har pf (7) Dubilier Condenser_ Eagle Picher Ld.608 | Bastn Gas & Puel | Eastn G&F 6pt .75k 35! B G & Pprpf(4.50) Eastern States ____ Eastn Sts pt (B) Rasy W M (B) .375¢ Elec Bond & Share_ Elee B & 8 pf (5) Elec B & 8 pf (8) FmpG&PT% Df Eauity Corp : Eaquity $3 pf 1.508 FairchildE& A Falstaff Brew .60, Fla P &Lt pf (7) Proedtert (.80a) Puller (GA) 25 Gen Gas&E cv I B_ Glen Alden 1.70% . Greater N Y Brew__ Gulf Ol (1) Hazeltine (3) _ Hecla Min (1.20g) - Heller pf 1.75 1 16% 8 54 T 2% 1 ~ 14 15% 1 1314 13% 5 1 5 108 110 110 17l e 84 84 1% 1w 32 31y 3 50 49% 5 % ~ 15% B 16% 2% 1% 57 87 614 61Y 508 10813 10515 16 16% 2% 1% 2 % “ 1508 18 16 5 2% 2 2 4 Tw T4 1508 10114 101% 10113 50s 10 10 10 1006 9 9 9 10l 1001, 100% 1005 | 11 1 11 * 33% 18 64 T Towa pf 2.758 - Tiinois Zine (.508) - InsCo N A (2.500). Int Hydro Elec p Int Pa & Pwr w: Int Petrel (h1) 1nt Ttll pr of (3.50) Interst Home (.80)_ JerCP&LDIS50- EansG & EDt () Kingst'n Prod .20 Lake Shore h1.55%... Lakey Fdry (.408) - Lehigh Coal (.65¢) Leonard Of] Long Isl Lt pf B La Land&Bx 40 Mapes Consol (2a) | Mass U1l Assoc 6% 80 108 115% 115% 115% 1 1% 1% 1% 8 2% ~ A 19% 81 24 an | % | Y % ‘Mich Bumper Mich Sugar Mich Suj Midvale (3 Midwest O1l (.90) Minn M & M 2.40-. 2008 Molybdenum 50 Monarch Mach (4) Monogram Pic Mont Ward A (7) Mon L H & P h1.50_ 1008 Mount City C 252 _ Murray (0) (1.20).. Nat City Lines 1 Nat Puel Gas (1 NatP&Lpt (6) Nat Rubber (18) Nat Sugar Refin Nat Tunnel & Min 1 8 40 7 33 = 54 21 508 i e 308 160 159 1 24 8 159 17 144 H'\ 10 94 O/ NEPAS% DI1k _ NewEng T& T (7)- New Ides (.80a) N J Zine (48) - 108 1 2008 Niag 8 Md B (.208) | Niles-B-P 1.258 Northn Sta P (A Ogden Corp f ohio Brass 8 2 258 508 108 Ohlo Edis pf (8) . Ohio Oil pf (8) Ohio Pwr pf (4.50) PaeG&E5'2p! 1.376 Pac G 6% of (1.50) Pantepec Ofl Peninsular Tel 2. Pennroad 268 - Pa-Cent Atrlines Penn P& Lpf (6) .. Penn P& Lpf (7). Penn Salt (8g) Ploneer Gold (h.40) Pitney-Bowes .40s_. Pitts & Lake E 6g... Pitts P1 Gl 58 Potrero Sugar Powdrell & Aex .40_ Premr Gold (h.08) . Pug 8d $5 pf 1.25k Puget 8 P $6 ot Pug 84 Pulp (2) Quaker Oats ¢ | Quakeropf 6 Radio-E-O Raymd Conc 1 Tis 9T 100s 102% 102% 50s 176% 175% 4 1% 1 8% 1808 59% 1 61% 4 2% 2 8% 3 % 50s 98 6758 46% 3 15% 100s 6914 10s 145 10 i 1508 14's 1 & Republic Aviation.. 14 Rio Gr Vall G vte.. Root Petroleum pf__ 8t Regis Paper Belucted Indus cv L. 8008 Shaw Wat h90 Sherwin-W (3 Silex 0o 1.20 Singer Mg (68) So Penn Ol (1.508) SCEdpIB1.50 SCEdpIC 1375 _ Spalding A G Co Spalding A G Lst pf Stand Cap & Seal l StC&Scvp! 1.60 | Stand Ol Ky {1a) | Stand o1l Ohlopt 6 tand Stl Sp 1.508. Sunray O11(.10g) Technicoler (1) ... | Thew Shovel 2.508 _. Todd Shipyard (8g). Tonopah Mining. 60. NZ% 140% Nov. 343 27% 26 z 2'm 1 26 % 1 1 v 17% 2% 708 1 2% 50s 13' 13% 1 13% 18% 18% 50s 109% 109'3 109% 219 19 19 2 2 7 8 50s 15 15 15 108 94% 94% 943 I T I 5 % 3 % \ 2 (.058) - Trans-Lux % % Tubise munu... % 4% 614 | 105% | L] 19% | Borden Co & Unit Gas Corp & | 36 NEW YORK CURB MARKET Dl'lllnd nnnmoo. High Low. ‘Tung-8ol L pf .80 1 64 6% C% Utd Lt & Pwr pf Unit 8h M (2.508) _. 5258 United Sb M pf 1.50. 808 United Specialties . 1 U 8& IntSpt 3.758 . 50s U 8 Rub Reclaim___ Univ Cooler A 1e Utah-Idaho 8 .15 Venezuela Petrol_. Va Pub Sve pt _ Vultee Atrcraft Wayne Knit (25) .. Wright H (0.408) s Unit of trading, 10 ehares. rIn bank- flnx‘ur being reorganised NA aetas it 'x"a.’c'im'a this n':?. Bonds DOMESTIC— High. Low. Close. m P & L 68 2016 105 105 ws 81 Rl 105\11\5!41 Ao L 3 11% 3934 111 1% 11 Kt i o 90, 4 10134 101% 6l "i RRISRIRSBE2E2T FEEE IS 25r>S0rODRORRRS z3 18% 1K bors bam Do -~ 105% 105 Indianap Gs b: Interst Pw 85 5 Interst Pw 06 by 33, | Twi “l = 2 anl R'y h & Alr Marl l 7s 48 * t M B 5. 47 A-O Cd lin _ Col o de.3an oias 8o | Dividends Announced NEW YORK. Jan. 2e8-btvldeul de- ed, prepared by Pitch Publishing Initial. te. ri Onited Airer 5% v Bt "fc” Year En |Grant (w T al Cont Cusiiion Bpring. Midwest Pip & Aee Manh Ref R« pf_ $3 'ac Ptl Cem fl'&’ ot $1 Tnterim. 30¢ Arrears. 87 pf £2.00 U 8 Leather pr an $1.75 Special $1.50 Regular. ll Ale. Unit Shoe Mach (‘lnldl Dry Gl 3-9 is 00000 Lid Fort Worth Stk Yds Gen America Corp Green D Intl Business Mach © 00 pOO O ort ! inker Hill & Consal P Des 2% 0 o 0000 Tampa Elec | Foreign Exchange NEW YORK. Jan. 28 (# —Late foreign exchange rates follow (Great Britain in dollars, others in cents) Canada: Official Canadian Control Board rates for United States dollars: buying 10 per cent premium, selling 11 per cent premium. eauivalent’ to _discounts _on Canadian dollars in New York of buying 9.91 per cent, selling 9.09 per cent. Canadian dollar_in New York open %r‘\ft:fl i wex c‘en discount or 88.12% Europe: DY!“ Britain. official (Bankers Foreign Exchange Committee rates). buy- ing. $4.02: selling, $4.04; open market cables. $4.04. Latin AmlflCl Al“!nl\nl official. 29.7" {Iree, of cent; Bl’lll], of - A 5:'::” iess. otherwise ables unless. otherwis vied) "n Womin i New York Produce NEW YORK. Jun, 28 ()—Esss flcia ind| 23.59%; 34 ‘average cheeks, of premium _mar} and Mid-Weste (Resales . Nearby premium’_marks, specials, standards. "3512-3; " (resales ex: heavier. 35%-37%). by and Midwestern fancy to spec -36 Browns: Neuh s Tedhum extra fancy, ds I’?" T market), =87 gcore, 31 eese. 402,024, firm: prices unchanged. Freigllt Cars Handled Og‘ln an. 28 ~—Revenue h!'llht cars idled by rai fday, tor the ek ended Jam Norlolk & Wu Pennsylva: L N. ¥. Central Z21 : 15 Cents a Share % Chicag; Grain , | of the past five years or longer, corn Youngstown Co. To Pay Dividend of R'epresents Distribution Of About $1,200,000 During Quarter BY the Associated Press. YOUNGSTOWN, Ohio, Jan. 28— Youngstown Sheet & Tube Co. to- day announced a common stock dividend of 75 cents a share, payable March 14 to stock of record Febru- | ary 14. The same sum was paid in the previous quarter. It repre- sents a distribution of about $1,- 200,000 to stockholders. Directors also declared the regu- lar dividend of $1.37', per share on preferred stock, payable April 1 to| holders of record March 7. Armstrong Cork Co. Directors of the Armstrong Cork Co. declared an interim dividend of 25 cents per common share, payable March 3 to stockholders of record February 9. The directors also de- clared a dividend of $1 per share on | preferred stock, payable March 16 to stockholders of record March 2. United Shoe Machinery Corp. A special dividend of $1.50 on common stock payable February 25 to stockholders of record February 3 was declared by the United S8hoe Machinery Corp. A year ago the special dividend was $1. BY the Associated Press. CHICAGO, Jan. 28 —Grain prices | fell sharply today from peak levels and rye collapsing 5 cents a bushel, maximum losses permitted in one day. Traders - who had accumulated substantial holdings on the recent almost steady rise of values threw | large commitments overboard in l} selling wave that began at the open- | ing bell. Market experts said the | liquidation was touched off by Sec- retary of Agriculture Wickard’s | statement that ‘“recent speculative advances” in corn were unjustified and that the Government’s program | for expansion of live stock program | would be jeopardized. Government steps to maintain | | what Mr. Wickard called “reasonable | feed prices,” incjuding possibility 5 !WH!AT—- Ope‘n, 'Gets C. & O. Issue | Stuart & Co. of Chicago was the of diversion of some wheat instead | | of corn into alcohol and to feed | manufacturers and calling of loans | | on old corn now in storage if neces- | | sary, were regarded as bearish fac- tors. Purchase of 200,000 bushels | | of Argentine rye for importation in | | the East also was a factor. | Wheat closed 2-2!4 cents lower | than yesterday, May 1.30%-130%, | | July 132',. corn, 335-3% lower, May 86%-86'; July 85%-88'3; oats, Tg-| 135 down’: 41,-4% lower, May May, 86%-86'.; soybeans, 3%-41; lower, May 1.9735-1971 Buying that helped to rally grains { from early lows was attributed to Tire Companies Reduce Number of Truck Sizes By the Associsted Press. AKRON, Ohio, Ja. 28.—The rub- ber industry is conserving its supply by standarding truck tire sizes. Combination of balloon and high- pressure casing tires or elimination of the high-pressure type has halved the former size range, major pro- ducers announce. President John L. Collyer of the B. F. Goodrich Co. sald his concern has developed 11 combination sizes to do the work of 28 formerly used. Similar simplification of truck tire sizes was reported by Goodyear Tire & Rubber and Firestone Tire & Rubber Cos. \Crude Oil Production Rises fo 4,311,300 Barrels Daily Most of 265,700-Barrel Increase for Week Credited to Texas By the Associated Press. NEW YORK, Jan. :28.—United States crude oil production jumped to a daily average of 4,311,000 bar- rels in the week ended January 24, the American Petroleum Institute reported today, most of the 265,700~ barrel increase over the previous week coming from boosted Texas output. ‘The daily average compared with 3,599,100 barrels in the correspond- ing week of 1941. Refinery reports indicated the in- at 83 per cent of capacity for a crude run of 3,885,000 barrels daily, compared with 79.6 per cent and 3,- 723,000 barrels daily in the preced- barrels. Stocks of finished and unfinished | gasoline rose to 96,363.000 barrels at the end of the week from 95,.- 617,000 at the end of the preceding week and compared with 88,302,000 a year earlier. Gasoline production for the week | was estimated at 12,928,000 barrels against 12,894,000 barrels the pre- vious week. [New York Cotton By the Associated Press. NEW YORK, Jan. 28—A wave of commission house liquidation and southern selling brought about a! break of more than $3 a bale in cotton futures today. The movement followed Secretary | Wickard's statement that he will make every effort to prevent com- | modity prices from rising much| above parity. The uncovering of move accelerated the drop. March and May contracts sold below the 19-cent level. Shor* covering and trade sup- ! port helped the market to recover partially. | processing interests, including mills and dealers who had sold short. Close. 1030 T 3 3 [ May July 0 Stock ot Pas- bie. | Cash Market B EYST de yellow. X0 | V3-89 ‘Wheat No. No.'| yellow, &4 Barl feed and screenings. 5 no) No. 3 veilow. 1873 4. 185 sample grade yel- I 5 Field 'seed per ~hundred- | Welght nominal 7.50-7.35. al sike. 15.00-18 00, top. Timothy red clover, 10.00-18.00; sweet clover, 6 B.00. | Rordinal. red 50- | Vnrglman Line Earnings -+ Equal $3.90 Per Share BY the Associated Press. NORFOLK, Va., Jan. 28.—Net in- come of $6,559,710.21 was reported by the Virginian Railway for 1941 in the annual statement released yes- terday from the line’s headquarters | here. | This figure represents earnings of $3.90 per share on common stock, a decrease in comparison with the | 1940 net income of $7.281,734.58, and earnings of $4.48 per share. §TA LOUIS, Jan. 28 (#).—The Mis- souri Pacific Railroad was nearly | $14,000,000 better off at the end of | 1941 than at the close of 1 It reported yesterday 1941 net| | income of $4.225,266. compared with a net deficet of $9,564,457 the year previous. | Gulf Coast Lines, & subsidiary, | had net income of $1414314 com- pared with a net deficit of $524,788 for 1940. Another subsidiary, International Great Northern, had a net deficit of $1343,048 for the year but it was less than half the deficit of $2,810,308 reported for 1940. |Halsey, Stuart & Co. By the Associated Press. CLEVELAND, Jan. 28—Halsey, successful bidder today on a $5.- 150,000 issue of Chesapeake & Ohio Railway equipment trust certificates. The C. & O. announced the win- ning bid was 92222 for 13, per cent obligations, a net interest cost to the railroad of approximately 1.90 per cent. The certificates, to be dated February 15, are payible in 10 equal annual instalments and will help finance $6544,784 of new equipment. New York Bar Silver NEW YORK, Jan. 28 (#)—Bar silver. 3514, unchanged. United States Treasury Position By the Associated Press. The position of the Treasury January year ago: ™% % | Worl 26, compared with corresponding date a January 24, 1942, hnulry 24‘ mn 11 4.810. aa 167.56R,088 18 FRLTRIS . 13,768 44 507 289 6 2. ID. 45,175,428, Late afternoon prices were $2.35 to $2.75 a bale lower, March, 1891; | May, 19.07, and December, 19.20. | rutures closed 3235 to $2.95 a bale | lower. 1 1 1 1 1 | i Dmmblr 19 7 January 1058 1087 Middling spot. 20.44n. n Nominal. Cottonseed Oil. Bleachable mnemfld oil futures ciosed un:hl ed. Sales. 15 contracts. May, '!QIB July. 13.98b. ‘b Bid. New ode‘nl Prices. NEW ORLEAN: 55 lim.—cotton futures dropped nnrll ‘l a bale here to- day on heavy long liquidation. tributed | to oflclllmdflllrl(mns that 1942 farm im0 compete with the gom Closine prices were steady, 44 to net lower. October December January b Cotionseed oll closed dull summer vellow unauoted Bleachable prime Prime July. 13:60b: September, 13.60b. b Bid (New York Bank Stocks on Page 2-X.) MORTGAGE LOANS Favorable Rate FIRST DEED OF TRUST ONLY Yo it buy 2 JTRUST NOTES SECURED ON AT og 1% PRO! . Anion Gapany 00-158 KW for construction loans, F. H loans and term loans from 3 to 5 years in D. C. and nearby Virginia and Maryland. REAL ESTATE MORTGAGE AND GUARANTY CORP. 1610 K St. N.W. NAtional 1403 HOUSES INVESTMENT TIES OF ALL FORMS Ne matter what tyse of poliey you meed we ean serve you most efficiently. We are oprepared to budget your Insurance costs and fimance your oremiums. Investigate this serviee! " J Blaise deSibour 2, 1398 22.063,148,088.40 1700 Bye St.NW. ME 3996 dustry operated during the week‘ ing week. A year earlier the aver-| age daily crude run was 3.605,000 | crude. 12 50b: March. 13.600: May, 13.60b; Wickard Predicts 1942 Farm Prices Will Average Parity See§ Evidence of Power Of Adequate Production To Prevent Inflation BY the Associated Press. ATLANTA, Ga,, Jan, 28.—Sec- partment economists that farm prices in 1942 would average “around parity,” a level which he fair to both farmers and con- sumers. Prices thus envisioned by the de- partment apparently would average less than that possible under min- gress. Mr. Wickard said this forecast, based on present supplies and pro- to the present demand, gave evi- dence of “the great power of ade- quate production to prevent infla- tion and all the evils that follow after inflation.” Demand May Increase. The Secretary, in addressing a meeting of Southern farm leaders, sald, however, it was possible that the demand may increase and force prices to a higher level than now anticipated. The demand of Amer- ica’s allies for food will be governed by shipping facilities, and at present the United States is unable to sup- ply those countries with “all the things we would like them to have” FINANCIAL. said Congress had established as | infum ceilings provided in pr‘lce-' control legislation pending in Con- | duction prospects and their relation | X A-19 Private Forgets to Pass Himself Out of Camp BY the Associated Press. SCOTT FIELD, Ill—Pvt. Harley W. Pim handles all passes in his outfit, and he knows his stuff, but ... One day he was in a hurry to catdch a bus, dashed off to meet it and ... You guessed it—he had forgotten to issue himself a pass. Things Can Be Overdone NEW YORK (#)—Samuel Seltzer, Bronx .air-raid warden, wanted to acquaint himself with the neighbor- retary Wickard said today it was!{hood and found himself under ar-- the judgment of Agriculture De- | rest. He turned in a false alarm and explained to the magistrate that hs imerely wanted to see how the fire box operated. He drew a suspended e | MDUREGHILI.[D | SINCE 1900 804-17"StNW. MEt.4100 W2 A il | because of the pinch in shipping. Mr. Wickard urged farmers to be| satisfied with parity. “If we take advantage of the sit- | uation to profiteer, an angry public will rebel,” he declared. “Good will | ities that farmers have to sell.” is one of the most precious commod- | ARE YOU ADEQUATELY INSURED? Rising costs make your present possessions, whether a house, furni- Favors Price Ceilings. The Secretary said he favored | price ceilings “when they are need- i ed.” He added that he thought they were needed now on “many farm commodities” but did not name them. In emphasizing need for the greatest production possible of food, Mr. Wickard criticized his own de- partment for adopting & righteous attitude” toward agricul- ture’s productive accomplishments. | The Pearl Harbor attack, he as-| serted, wakened farm officials to the | realization that “what we have done ‘ is not enough.” I. T. & T. Reports Growth NEW YORK, Jan. 28 (2 —The International Telephone & Tele- graph Corp. reported today its sub- stop-loss orders on the downward | sidiaries in Latin America added | 36,950 telephones to service in 1941 and its Spanish unit added 17,705 | in the same period. Chicago Livestock CHICAGO. Jan | Department o A 15.000: total. 2 | tRoten extreme S. ble‘xlhup 3.000: lambs, stel dg (e Ie strictly choice 98-pound Col- 2.50; several dnks and dnublu and fed lambs. :hm:e 114-pound medium 1o total. | om doublc, fairly active, erous _ decks fed 12.35-50: eady e & 11.000: calves. S00: gen- eral trade considerably less active than earlier in week: receipts more liberal: dressed beef market still sluggish: largely sieer run; steers and yearlings sieady to 25 lower: mostly weak to n me« | o strictiy goed 1.200-1 top. 14.73 paid for choice ye loads, 14 00-50: medium weights up ll‘m but most weigl 13 ward: several loads 10.00 and_below: Stock cat- 1.%5; medium nd choice kinds ictly choice kinds cutters. K00 and vealers steady: weighty | saussise ‘bulls to 10.40 and choice vealers to 15.00 lower steady: best 1: absen g “self- | ture, or an automobile. | more valuable. It would cost more now to replace any loss than 1t would a year ago. Today, IN SURANCE is important! Tyler & Rutherford INCORPORATED Established 1872 1726 H St. N.W. RE. 5245 Save Something every Pay Day Only $5 starts your ac- count, which soon grows thru systematic regular savings, plus liberal divi- dendscredited semi- annually. Savings insured up to $5,000. 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