Evening star. [volume] (Washington, D.C.) 1854-1972, January 17, 1932, Image 58

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Evening star. [volume], January 17, 1932, Page 4, Image 58
About Evening star. [volume] (Washington, D.C.) 1854-1972

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Evening star. [volume] (Washington, D.C.), 17 Jan. 1932. Chronicling America: Historic American Newspapers. Lib. of Congress. <https://chroniclingamerica.loc.gov/lccn/sn83045462/1932-01-17/ed-1/seq-58/>

Newspaper Page Text

BOND PUCES EASE
ON SLOW MARKET
Average for 60 Securities
Shows Fractional Loss for
Day’s Trading.
BT VICTOR EUBANK.
Associated Press Financial Writer.
NEW YORK. January' 16.—The bond
market relaxed today in a short session
that was marked principally by Its dull
ness
For the first time tn shout two weeks
■fee t**rage lor 60 corporate securities
registered a net fractior ll loss. The
total sales were $6,757,000. around $3
000,000 below last Saturday's aggregate.
United States Government obliga
tions, closed only slightly lower than
on the preceding day. Treasury 4s and
8A»s even registered slight gains.
Activity in the rail loans slackened
perceptibly and the average for 20 of
the principal carrier liens sagged 2-1C
of a point. In the majority of these
mortgages, however, offerings dwindled
at lower levels and most of the losses
were extremely small.
Erratic tendencies of bonds sold "at
the market” were shown by Chicago &
Northwestern debenture 5s, which ad
vanced 18 points on a single trade, and
Illinois Central 3l2s, St. Louis division,
which dropped 22 points on the sale of
one bond.
Industrial Issues held their own and
were a shade higher, but the utilities
softened along with the rails. Price
changes, however, were unimportant.
Foreign loans were generally higher.
British 5'2s gained a point, German
government 7s were up l's and the
5s were unchanged Japanese govern
ment and corporate issues advanced
from As to 5 points. South Americans
were firm, loans of Chile and Uruguay
gaining substantially.
--—---1
CORPORATION
R(PORTS
TRENDS AND PROSPECTS OF
LEADING ORGANIZATIONS.
NEW YORK, Janu&ij 16.—The fol
lowing is today's summAry of impor
tant corporation new* prepared by
Standard Statistics Co.. Ihc., New York,
for the Associated Press
News Tret.fl,
The weekly trade reviews report that
there was no indication of an upturn
In business last week. The most en
couraging factors wera the low Inven
tory and the delay In purchasing,
which denotes a larg,* potential buy
ing power, although the hand-to-mouth
policy is still In effect. The heavier
Industries are said to be improving
slowly, however, most large plants are
6till on short schedules and are op
erating considerably below capacity.
The Companies.
Allis-Chalmers Manufacturing ec
Jjuired Ryan Manufacturing Co. of Chi
cago for cash.
Aluminum Co. at America gets Radio
City contract for vertical aluminum
panels between windows.
Borg-Wamer Corporation 1931 ship
ments of Borg A Beck, clutch division
of company, up 15 per cent.
Columbia Gas A Electric declared
Quarterly dividend of 37Vfe cents In new
ts preference stock on common shares:
formerly paid cash at rate of $1.50 per
annum.
Houston Oil of Texas declared 37 H
cent semi-annual preferred dividend;
formerly paid 75 cents semi-annually.
Interstate Department Stores Decern
ber sales of! 13.7 per cent, 12 months ;
off 1.7 pet aent.
Midland Steel Products—Midland- j
Christens** Brakes adopted as stand- 1
ard equipment by large truck com- i
pany and by three axle manufacturing |
companie*.
Sears, Roebuck A Co.—Prices in 1932
Bpring and Summer general catalogue :
show- reduction* ranging from 11 to;
47 per cent under corresponding 1931 ]
prices. 1
Snider Packing—Loss in current fiscal j
year to January 31, 1932. estimated at
$1,500,000
Standard Oil of Ohio—Reduces gaso- ,
line prices 1 Va cents to 2 cents a gallon I
throughout territory.
Bethlehem Steel—Obtains order for
28 suburban coaches and 2 passenger,
baggage and mail cars from Read
ing Co.
Denver & Rio Grande Western Rail
road-Interstate Commerce Commission
allows this and several other Western
roads to Intervene In opposition to pro
posal of Denver Pacific Railroad Co. to
build 800-mile line from Denver to Los
Angeles
Electric Power Associates—Approxi
mate net asset value. Deoember 31. 1931,
812 per share combined A and common
itock vs. $21.10. December 31, 1930.
Kayser (Julius) & Co.—Common
ahare earnings, six months to Decem
ber 31, 39 cents vs. $1.27.
Philadelphia Co.—Net Income before
subsidiary preferred dividends, 12
months to November 30, $14,748,251 vs.
814.933.890
National Sugar Refining—1931 divi
dend earned by margin of over $800,
000
Fashion Park Associates—December
net sales off 11.1 per cent, 12 months
off 22.1 per cent.
Tide Water Oil—Reduces price of
bulk gasoline cent a gallon along
Atlantic Seaboard
United Corporation—Expected to cut
dividend further because of change In
Columbia Gas & Electric dividend pol
icy; on basts of present dividend Income
company has about 46 cents a share '
annually available for common stock.
Gotham Silk Hosiery—Lowers prices I
of Gold Stripe line 25 to 50 cents a (
dozen; no change to be made in retail j
price*. 1
DECLARES DOCTOR
ACTED AS INTERNE
- I
Dr. Houck Sny* Dr. Lowden Was
Under Supervision of Lancas
ter. Pa.. Physician.
Bv the Associated Press.
BALTIMORE. January 18— Dr
Frank M Houck, assistant director of
Johns Hopkins Hospital, said today all!
of the work done at Safe Harbor, Pa.,
by Dr. Henrv M. Lowden of Baltimore, i
charged with practicing medicine and I
surgery in that State without a license, t
was in the capacity of an Interne and
under the supervision of a leading Lan
caster phvaiclan.
A warrant for the arrest of Dr. Low
den was sworn out at Lancaster yes
terdiy by James N. Fry of the Penn
sylvania State Board of Medicine, Edu
cation and Licensure. It charged he
had performed operations which
maimed six employes working on the
Safe Harbor Dam project. Dr. Lowden
remained here pending extradition pro
ceedings.
In a statement today Dr Houck said
that Dr. Lowden was a properly licensed
practitioner in Maryland and was em
ployed by the Physicians & Surgeons
Casualty Clinic of Baltimore, who are
In charge of medical end surgical
work arising from the construction of
tb» dam
He acted in the capacity of an in
terne at the Safe Harbor Emergency
Hospital and in this connection he per
formed only first aid and dressing meas
ures. All of his work was done under
the supervision of one of the leading
physicians of Lancaster. Pa., Dr.
Houck's statement aakt
- >
BOND SUMMARY FOR THE WEEK |
UNITED STATES GOVERNMENT.
,-1831.-, ' N't
High. Low. Stock and dividend. High. Low. Close. Chge
102 23 • 97 11 Ub i tt» 1982-47. 96 1 94 16 9424-1.03
103 16 98 26 Lib 1st 4 4* 1932-47.. 99 2 97 26 9820 -.05
105 5 98 44 Ub 4th 414* 1831-38. 99 18 988 99 1 +.02
108 16 90 30 US 34* 1940-43. 91 8 88 1 90 17+1.09
108 18 90 20 U S 34*8 1943-47. 91 4 87 20 89 17 +.17
107 22 94 16 U S 34s 1946-66. 92 28 89 16 91 7 -.06
109 22 97 26 US 4s 1944-54. 98 10 94 97 +1.12
114 8 100 2 US 44* 1947-6*.102 30 98 30 10026 +.26
,—i83i—, Net
High. Low. Stock «nd dividend High. Low. Close. Chge.
101 75 Abram A Straus 6 4e'4J . . 834 814 83 +2
874 25 Alleghany Co cv 6a'44.... 41 36 41 +4
102 864 Am Chain 6s 1933. 90 854 90 +34
102 52 Am 1 O Chm 5 4a 1949- 70 644 67 +14
954 68 Am Internation 64*'<*• • 72’/j 69 71 +14
104 854 Am Sm A Ref 1st 6s'41... 96 93 96 -t 34
1054 1014 Am Sugar Ref 6s'37. 103 1024 1024 — 4
1354 964 Am Tel&Tel cv 4 He '39.. 107 104 1064 +14
1094 94 Am Tel A Tel a f 5a. 984 964 984 + 4
714 15 Am Writ Pap *s '47. 24 24 24 -1
984 364 Argentine 6s June'69.... 65 484 65 +5
984 354 Argentine 6s A'67. 554 49 54 +44
92 64 Armour A Co44s'39. ...; 75 714 72 + 4
804 53 Armour of Del 6 4s '41... 67 64 64 — 4
974 78 Atch T A S Fe ad.) 4s •95.. 75 75 75 -94
101 814 Atch T A S F gen 48’96... 874 86 874 +1
122 81 Atch To A 8 Fe 4 4s 41.. 93 91 914 + 4
98 76 Atlantic C D 1st 4*'52.... 794 784 784 + 4
102 77’ Atl Coast Dine 4He'64... 76 76 76 —4
1034 89 Atlantic Ref deb 6s’37.... 90 854 90 — 4
76 85 Australia 6s'56. 584 604 68 +64
1084 76 Austria 7*'43. 914 884 90
994 74 B A O gold 4s'48.. 824 80 82 + 4
1014 69 BAOcv44s'3i. 86 79 82 +34
109 80 Balto & Ohio 6a'48. 93 90 93 +2
104*. 47 B A O ref 6s'96.. 694 67 67 —4
1044 50 B & O ref 5s D 2090. 68 65 674 +44
1104 534 Balto & Ohio «s'96. 784 744 754 —14
99 624 B A O P DE A W Va 4a... 78 75 764 +34
106 4 634 BAOSWDivBs 50. 804 744 80 -I 5
88 8 Bank of Chile 6 4»'57.... 19 144 19 +3
91 22 Bank of Chile 64s 1961 .. 30_4 27 4 274 —24
105 72 Belgium 6s'65. 864 844 86
1114 994 BM1 Tel (Pal ref 5s 48... 101 1004 1004 — 4
104 894 Beth Steel p m 6s'36. 96 94 04 +1
36 5 Bolivia 7s ct 69. 8 64 7 + 4
1064 95 Bordeau* 6s'34. 100 984 994
1034 62 Boston A Maine 6e'67.... 744 70 73 +lVi
-S/S. . rt r-.._11 ««. _ if,Of! C 7 93 1 £ Li 93 A La
93 18 Brazil 8s'41. 264 204 264 -t-64
9 24 Broadwy A 7th A v 6a '43 .. 44 84 44 +24
1024 80 Brooklyn Manh 1st 6s A. 894 84 884 +24
106 93V* Brooklyn Union 6»'60.... 974 964 97 + 4
1084 834 Canada 6s'52.. 914 894 904 -1 Vi
102 4 694 Canada National 4 4»’54.. 754 744 74V* — 4
1024 68 Canadian Natl 4 4s'67... 754 74 75 — H
1024 684 Canadian Natl 4 4*'61... 754 744 744 -4
1084 754 Can Nat July Es 49. 82V* 814 814 — 4
108V* 76 Canadian Natl 6o'69 Oct.. 824 81 81 -IV*
894 564 Canadian Pacific deb 4s. . 634 60 G34 +34
99 71 Central Pacific 4s '49. 81** 804 81** + 4
1054 604 Central Paclfio 5s 1960... 784 74 74 — V*
60 SO Certain-teed 6 4» 1949... 39 354 39 +4
1004 694 Chesapeake Corp 5s'47... 764 70 74 -134
1064 77v« Ches A Oh gen 44*'92... 934 8i 914- 4
1034 75 Ches A Ohio 4 4s *93 A... 84 804 84 +3
1024 71 Ches A Ohio 44s B'95... 82 804 814 +14
1044 82 Chi B A Q 44» B'77. 874 874 874 + 14
1104 904 Chi B A Q ref 5s'71. 97 96 96 —1
50 74 Cb A East 111 gen 5s ’61... 174 13 15
69V* 354 Chi Great West 4s '69.... 564 52 63 -14
76 24 Chi M St PA P 6s’76. 42 37 38
35 64 Chi M St P A P adl 5s- 114 84 9V* + 4
93 23 ChlcagoANwn cv 44s'49. 39 32 35 +14
1094 654 Chi A N W 64s'36. 87 85 854 +24
74 394 Chicago Rys 6s '27. 49 484 484 - 4
994 40 Chi R 1 A Psc ref 4S'34... 73 63 684 +54
924 25 Chicago Rock Is) 44s'60 50 404 464 +44
954 34 Chicago R l 44s A. 63 4 564 584 + 34
1054 81 Chi Union Station 4 AS... 94 94 94 +1
116V* 1054 Chi Union Station 64s... 109 1084 1084 + 4
924 544 Chi A West Ind con 4s... 76 724 734 +8**
1054 68 Chi A West Ind 64« '62. . 874 76 784 +34
86 10 Chile-Republic Ss I960.144 13 144 +1^
964 45 Chile Copper 6s’47. 57 524 55 +24
28 7 Chinese Govt Ry 5s ’61... 7 7 7 — 4
1014 50 CCC A St L rf 44s E'T7. 704 67 704 +14
105 514 CC C A St L 6s D. 754 72 754+104
1094 89 Cleveland Term 6s B'73.. 924 92 924 + 4
1114 914 Cleveland Terminal 64*. 1024 994 102 +14
78 19 Colombia 6s 1961 Jan. ... 30 29 4 294 + 24
70 20 Colon Oil 6s'?*. 37 34V* 364 +14
1024 74 Colo A Sou ref 44s '16• •• 80 884 90
1014 624 Columb G A E 6s '62.. 824 76 80 +3
1004 78 Comm Invest 6 4*'4 9.... 834 824 83 + V*
484 204 Con Coal <Md) 1st ref 5s. 204 20 20 -4
101 51 Copenhagen 6*'62. 65 644 65 + 4
704 304 Cuba R R 5s'52. 45 38 414 +24
47 16 Cuba North 5 4*'42. SO 24 26 —4
111 80 Czechoslovakia 8s'61.... 984 96 96 —4
1064 844 Del A Hudson 64s'37.... 93 90 90
102 56 Denmark 6 4® 1*66. 71 67H 704 +14
1074 654 Denmark 6s'42. <9 75 79 +3
98 46 Den A Rio Grande cn 4s.. 68 62 664 +2*4
83 15 Den A R G West Ea '66.. 38 32 34 +2
85 26 Den & R G West 6a '71.... 474 42 474 +44
934 734 Dodge 6s '40... 834 79 83 +3
1064 93 Duquesne 4 4s 1967. '974 95H 964 + H
1024 69 Dutch East Indies #s'47.. 864 84 864—14
V»o ■ "
42 814 East Cuba Su# 714»'87... 614 5 ^5*4 + 74
89*. 53 Erie 1st con 4s "98. 73V* 70 7114 +114
79*4 3814 Erie gen lien 4s '9*. 64 50 52 -rl
84V4 26 Erie ref 5s *7. '•IS** 42 4614 +2*4
84 26 .. 49 41*4 46H +3*4
99 35 Finland Ts'50. 65 48H 61 +2
30*4 3*4 Flor East Coast Es '74.... 7>4 6*4 814 + !4
2814 7 Fonda J & G 414*'52. 12 12 12 -3’4
121H 108*. French 7s'49.. 112 11014 11114 —1
127 10914 French 714 s'41. 11414 11114 113M* — *4
94*4 2714 Gelsenkirchen Min 6s '34 41 36V* 37 - 6
92*4 86 General Cable 6 *4 s 1947.. 42'4 38 4214 —414
104** 9714 Gen Motors 6s'87. 100 99 997* + 74
84 2214 Ger Gov 6HS '65 wl..,... 39*4 34 38 +2**
89** 2214 German Bank 6s 1936.... 42** 34*» 42V4 +4*4
105*4 4314 German 7s'49. 62*4 59 6114 + 14
10214 65 Goodrich (B F) 614s'47.. 717» 67 70 +2
92*4 64 Goodyear Rub 6s 1957.... 76'4 74 76 +2
10874 83*4 Grand Trunk s f deb 6a. .. 90'* 89 90 — *4
113’4 86 Grand Trunk 7s‘40. 93*. 92** 93V« — *4
100 66'4 Great North 4 14 s'76..... 73*4 70** 73*4 +2*4
111 66 Great Nor gen 514*'52... 85 82 85 +8
112 83 Great North gen 7s '36... 98*. 9514 96*4 — V*
88*4 3214 Greek 6s 1968. 48 41 45 -3
79*4 49 Hudson & Man adj 68*67.. 60 57*4 59 + 14
102*4 70 ■ Hud & Man ref 5s'67 . ... 86 82 85 +2*.
103*4 98** Humbls O & R 614* 32... 100** 99** 100*4 + *4
93 35 Illinois Cent ref 4s '55... 56 52*. 56 4 3*.
100 2214 Illinois Central 414»'66. . 52 4314 46 +2
97*4 727* Inland Steel 414S 1978.... 7974 78 79 +4
77*4 3714 Inter Rapid Tran 6s'66.. 50V* 47’i 48'i —114
78 36V> Inter Rap Tr 6s sta'66 ... 50*4 47 48*4 —1*4
65 23*4 Inter Rapid Tran 6s'32.. 33 30*4 31*4 — 1 *4
95 56 Inter Rapid Tran cv 7s... 70 68 6914 +2*.
100 60 Inter Cement 6s'48. 69 64 68V4 +41*
65 12 Inter Gt Nor adj'65. 30’t 18 27*4 -t 8*>
99'4 39 Inter Match 6s'47.. 69'4 52*4 56*4 +2*i
97 43 Inter Mer Marine 6s'41.. 51 50 50 +3
78 44 Inter Paper 5s A '47 .. 55 50*4 54 +3
96 SI Int Tel&Tel cv 414*'89.... 69 51 67 + 4H
,-1931.-, Nft
High. Low. Stock and dividend. High. Low. Close. Chge.
107% 64'/. Irish Free State 5s’60.... 72% 71% 72% +1%
100% 79 Italy 7s'51. 91 88% 89% +1%
107% 77% Japanese 8%s '54. 82% 79% 82% +1%
! 81% 69 KahClty South 3s 1950... 67% 64% 67% 44
102% 48 Kan City South 5s'50- 71% 66 68% 42%
98% 81 Kan City Ter 1st 4s'60... 86% 83% 83% -1%
100 80 Kan Gas & Elec 4%s 80... 86 83% 86 44
71 39 Kendall 5%s'48 (war)... 60". 50% 50% 4 %
94% 37 Kreug&Toll 5s ct wl '69.. 67% 50 67 46%
103% 65 I.aclede5%s D'60. 75% 74 75% 44%
89% 40 Lehigh Val cn 4s 2003.... 55% 53 55 45
109 95 Liggett & Myers 6s'51... 99% 98 99
99% 70 uoaw'slnc 6sex war'll.. 82 79% 81
100% 77 Louis & Nash uni 4s '40. •• 85 83% 84 42
98% 79 Market St Ry 7s A'40.... 84% 84 84% - %
104% 85% Midvale Steel 6s '36. 94% 92 94
91 67 Milan 6%s '52. 70% 67% 70% 4 %
104% 84 Mil El R & L 1st ref 6s. .. 94% 93% 93% 4l%
92 68% Mo Kan & Tex 1st 4s'90.. 79 77 77 — %
9ft 34 Mo Kan & Tex adj 5s '67.. 60 47% 55 47%
103% 51 Mo Kan & Tex pr In 5sA.. 79 75 76% 48%
| 75 22% Mo Pacific gen 4s'75. 42 25% 39% 42%
I 100 43% Mo Pacific 6s A'65. 63% 58% 62 44%
99% 42% Mo Pacific 6s F. 60 53 65% 4 %
99 43% llo Pacific 6s G. 60 53 58% 43%
99 43% Missouri Pacific 5s H'80. 60 55 55% 41%
j 106 86 Montana Power 6s 1943.. 95 94% 95 4 %
1 53% 35 Nassau Elec 4s'61. 46 45% 46 4 2
102% 84% Nat Dairy Prod 6%s'48.. 91 88% 90% +1%
25% 5 Nat Radiator 6%s 1947... 8 8 8 43
106% 97 Netherlands 6s'72. 103% 102% 103%
112V* 99% New England Tel 5s'62.. 101 99% 100% — %
69% 28 New South Wales'67. 51% 46% 51% 44%
102% 78 N Y Cent deb 4s'34.• 92% 89 91 42
109 58% N Y Cen ref Imp 6s 2013. . 78% 75 76% 41%
107% 70 N Y Cent deb 6s'36. 92 89% 91
93 12 NY Chicago & StL 4%s'78 35% 22% 33 48%
107 18% NY Ch & S L ref 5%s A. . 42 28% 37 47%
10116 14% N Y Chi & StLouls 6s '32 . 53 29% 45%410%
117% 106 N Y Edison 1st 6%s '41... 109% 108% 109% 41%
95% 58 N Y N H & Hart 4%s'67.. 75% 73 73 -%
106% 75 N Y N H & Kelt 6s'40..., 90 87% 89% 42%
119 74% N V N H & H cv deb 6s... 95 91% 91%-%
4% % NY Ry fis 65. 2% 1% z* 4
11% 1% N Y State Ry 4 %s '62.... 2% 2% 2%
106% 96 Ni'TeH%s'89. 97% 97 98% +1%
87% 41 N Y Wes & Bos 4%s'4«.. 62 61 61 +5
100% 84 Norfolk & W cn 48'96.... 90% 86 88% -2%
105% 75% North Amer Ed 6s 67.... 88% 82 87 +5
69% 46% North Pacific 3s 2047. 62 6§ 60* 44*
97 74 North Pacific 4s'97. 82% 79% 81 -1
105% 62% North Pacific 5s D 2047... 76% 73% 76% 43%
113% 70% North Pacific r i 6s 2047.. 89% 84% 88 +3
105% 89 Northern States Pow 6s.. 9*% 94% 94% —1%
103% 62 Norway 5%i.. TV* 69 72% +2%
98 67% Ore Wash 1st ref 4s'ex.,. 7# 74% 76% -1%
86% 64% Orient Dev 6 %s'57. 62% 59 62% +2%
106% 94% Pacific Gas & El 6s’42.... 100% 98% 100% + %
108% 99 Facffic Tel & Tel 5s'52... 101 100 100 -1
103 99% Pan-American 6s,’S4. 101% 100% 101% +1
97 40 Para-Fam-Lasky 6s'4".. 54 48 51 +1
106 89 Parls-Lyons-Med 6s'68.. 95% 93% 94% —1%
105 89% ParisOvleans 6%s 1968. . 94% 91 92% -1%
107% 90 Penna cn 4 %s 1060...... 94 92% 93
105 65% Penn gen 4%s’65. 87% 83% 84 -3%
- 99% 55 Penna RR 4%s'70. 75 70% 72 4 %
102% 60 Penn4%s'63. 77 74% 76% +1%
106% 69 Penn 6s 1964. 88 84 88 +8%
111% 77% Penn gen 5s'68. 92* 91 92% 4 %
110% 94 Penn 6%s '36. 103% 100 101% 4 %
40% 5% Peru 6s'60. 7% 6% 7% — %
61 9% Peru 7s. 14* 11% 11% -*%
104 80 Philadelphia Co 6s '67_ 85* 84% 85 -%
83 30% Phil&Read C&I 6s wl '49. 45% 40 45 +2
92% 45 Philips Petrolm 6%s’39. . 52 49% 50 -2
104% 85% Pirelli Co of Italy 7s '62. . 92 89% 92 +2%
96 42% Pittsbgh&WYa 4%s C'60 52 50 51 44
90 32 Poland 8s'60. 55% 53 64%-*
74% 23 Postal Tel & Cab 5s'33... 39 33% 38% +5%
88 36% Queensland 6s'47. 57 54% 57 45
99 50 Queensland 7s'41........ 69 66% 69 — %
103% 68 Reading 4%s’97. 82 79 79% 42*
91 32 Remlng-Rand 8 %s'47... 45% 42 45% 44%
93* 23 Rhlnelbe 7s. 39 36* 36* -3*
89% 25% Rhine Westphal|a 6s'62.. 41% 37% 40% —1%
87* 12 Rio de Janeiro 8s'46. 13% 13% 13% 4.%
66% 7% Rio Grande Do Sul 6s'68. 10% 8 10% 4 1%
86% 40 Rio Grand West col 4s... 52 52 62 —4
100% 32 R I Ark & L 4%s'34. 68 59% 64% +4*
91% 60% Rome 6%s '52. 74% 70% 74 4 %
l 100% 57 S L I M & S R & G 4s '33.. 83 71 82*412%
89% 23 St L&S F pr In «s A'60.. 34 28 31% 42%
86 14% St L & S F 4 % s '78. 25% 19% 23% 4 3*
l 102 25 St L & San Fr 5s B ’60_ 42 36 37 - %
i 100% 30% St Louis S tv con 4s '32... 74 51% 70 418
98% 40 St P K C S Line 4%s'41.. 57 51 57 4 %
94 28% Sao Paulo State of 8s'36. 45 35 40% 46
20% 2 Seaboard A L ref 4s '59... 6 4% 6 41
8 % Seaboard A L adl 6s '49... 1 1 1 4 %
19% 2% Seaboard A L con 6s'45.. 6% 4% 6 4l
84% 28% Serbs,Croats&Slav7s'62. . 47 42% 43% 4 %
93 30 Serbs Croats Slov 8s '623. 50 46% 49 41
100% 70% Slnolalr 011 7s '37. 86 75% 85 45%
103% 90 Sinclair Crude Oil 5%s... 96 94% 94% 4 %
102* 88 Sinclair Pipe Line 5s'42.. 92% 91% 92 4 %
j 107% 97* Southwes Bell Tel 5s’6«.. 10>0* 99% 99% 4 %
97 55 South Pacific col 4s'49... 71 68% 70% 42%
98 73 South Pacific ref 4s '55... 84 78% 81% 4 2%
05 ooum t-acinc » 44 s 65.... (3% ,y --i
i 100 53 Southern Pac 4%s ’69 ww 73 69 70V* -3%
102% 70 Southn Pac Ore 4%s'77.. 84% 80 80% 41%
88% 27 Southern Ry gen 4s 56... 53 45 49 43
\ 111 67% Southern Ry 1st 5s'94... 86% 85% 86 4l%
| 113% 34% Southern Ry gen 6s'56... 67 62% 58 42
! 117% 40 South Rv dev 6%s '66.... 72 58 69 410%
i 105% 98% Stand Oil NJ 5s. 101% 100% 100% - %
! 101 83 Stand Oil N Y 4 %s '51_ 91 89% 90%
j 107 98% Swiss 6 % s ’46. 103 102% 103 4 %
99 45 Tenn Copper 6s B'44. 63 61 63 413
100 64 Texas Pacific 5s B'77.... 68 65 68 43
j 100 60 Texas Pacific 5s C'79.... 68 64 68 44
68 39 Third Ave 1st ref 4s'60.. 49 46 46 - 2%
48% 23 Third Ave adj 6s'60. 37 32 35 4 %
101 50% Toho Klee Pwr 7s '55. 64% 62 64% 4 4%
102% 85% Union Pacific 1st 4s'47... 93% 90% 91% — %
95 65 Union Pacific 4s '68. 77 74 74 —1
98% 67% Un Pacific ref 4s 200*.... 78 76% 77% 4 %
102% 80% United Drug 6s '63. 91 88% 89% — 1%
108% 88 Utd Kingdom 5 %s ’37.... 95 90% 94% 4 2%j
75% 35 U S Rubber 1st & ref 6s. . 58% 51 58 4 7
88% 20% Uruguay 8s 1960. 30 25 33 4l%
! 104% 79 Utah Power & Ulght 5s... 91% 90% 90% %
84 40 Utilities P & L 6 %s '47... 49 46 48% 41%
89 50 Vienna 6s 1952. 62 53 64 -7%
105 92% Va Ry & Power 6s '34 . ... 98% 97 97 2
108% 77% Virginia Ry 1st 6s'62_ 89% 85% 89 43
j 89% 7 Wabash 4 %s 1978. 13% 9% 12% 41%
j 105 59 Wabash 1st 5s'39. 79 76% 79 44%
96% 8% Wabash 6s B 1976. 13% 10% 13% 4l%
I 96 9 Wabash 6s D'*0. 14 10% 14 4 3
79 20 Walworth 6s'46. 28 26% 28 42%
70 26 Warsaw 7s 1958 . 36% 34 36% 4 2%
94% 61% West Shore 1st 4s 2361... 74 72% 74 I 6
84 39 West Maryland 4s'52_ 62 58% 61% 46%
96% 35 West Maryland 6 %s '77. . 61% 59 61% 4 6%
97 30 Western Pacific 5s'46.... 46% 40 44% 42%
111 76 Western Union Tel 6%s. . 97 91% 97 49%
\ 101 78 Wilson & Co 1st 6s'41... 81 80 81 -t 1
I 101% 61 Yokohama 6s '61. 75 68 75 47
! 103% 45 Youngstown Steel 5s'7*. 70 68 69 41
Baltimore Markets
Special Dispatch to The Star.
BALTIMORE. Md., January 16.—Due
to liberal receipts from all points, espe
cially from the West, and a lighter de
mand coupled with unseasonable warm
weather, the egg market showed a sharp
decline this week with a drop of ap
proximately 7 >2 cents a dozen from top
prices Monday. Premiums on hennery
whites have been discontinued, dealers
taking up regular firsts In preference,
and nearby stock will not bring any
more today than Western firsts. The
market closed today at 18 Vi cents a
dozen for nearby firsts and L71* cents
for current receipts, but mixed, ungrad
ed stock, as well as pullet eggs, have tc
be sold entirely on merit at irregular
prices.
With the exception of turkeys, ducks
and geese, all of which are easier and
show a decline in price, the live poultry
market holds steady, but demand has
been slow, due to the warm weather
While the market is still unsettled
cooler weather will bring an Improve
ment on practically all lines. Capons
made their first appearance of the sea
son on the market this week and
cleaned up readily at 25 to 30 a pound
for medium to large birds, weighing 6
to 7 pounds, but smaller and slips move
slow' at 23 and 24
Young hen turkeys. 8 pounds and
over, show a decline of 2 cents a pound
at 28 to 30, and young gobblers, 12
pounds and over, 5 cents a pound at
20 to 22. while old hens and gobblers
move slow at 18 to 20, and crookec
breasts are neglected at 15 and 16. A
fairly good demand prevails for smooth
fat, mixed colored young chickens ai
21 and 22, and 18 to 20 for small tc
medium, but Leghorns are not so de
sirable and slow sale at 15 to 18. A
better demand prevails for old hens
which are holding steady at 16 to 21
for fowl weighing 31 _■ pounds and over
but Leghorns w'lll not bring over 16 and
17, and all poor, thin fowl, as well a:
old roosters, move slow at 11 and 13.
Demand for ducks and geese only
fair and the market rules wiyi prices
In buyer's favor at 18 to 21 for the
former and 15 to 18 for the latter, but
stock weighing under 4 pounds will not
bring over 12 and 13. Guinea fowl and
pigeons bolding steady at 25 to 50 each
for the former and 20 to 25 a pair for
the latter.
No change is noted in the white po
I tato market, both receipts and de
mand being moderate and the market
holds steady at 75 to 1.00 per 100
pounds, with No. 2 stock not wanted
at apy price. Sweet potatoes and yams
in fairly good demand and the market
holds steady on the former, but the lat
ter shows a decline of 25 cents a bar
rel at 1.00 to 1.50, with sweets un
changed at 1.00 to 1.25 barrel
Receipts of native and nearby garden
truck continue light with movement
slow and prices mostly in buyer's favor
at the following quotations:
Kale, 25 to 50 bushel: onions, 3.00
and 400, hundred; oysterplants, 4.00
to 6.00 hundred; savoy cabbage, 50 and
60 bushel; spinach, 25 to 60 bushel,
and washed turnip, 15 to 25 hamper.
The live cattle market continues dull
and easier, there being little demand
j and values show a decline on practi
i eally all lines. Only choice fat cattle
attracts attention and receipts of this
I sort are light, most of the stock running
! common and rough. Quotations today
at Light street wharf:
Beef cattle, first quality, per pound.
6 to 7; common to medium, 3 to 5
Bulls, as to quality, 2 Vi to 4. Cows,
i choice to fancy, 4 to 5; common to fair,
2 to 3. Oxen, as to quality, 3% to 4
Calves, veal, choice, 8 to 8'i; large, fat,
j 7 to 7Vi: large rough. 5 to 6; common.
| thin, 3 to 4. Sheep, 1% to 2Vi. Spring
i lambs, choice, 6'a to 6Vi; fair to good,
3 to 5. Hogs, straight, 4 to 4'i. Sows, ,
3 to 3Vi. Stags, 2 to 3'/a- Live pigs,
8 to 10. Shoats, 6 to 8.
Closing grain quotations: Wheat—
' No. 2 red Winter garlicky, spot, domestic,
62%; January delivery, 62%; February
| delivery, 63%
Com—No. 2 yellow, spot, domestic,
■ 44a45; cobcorn. 2,00a2.10 per barrel.
Oats—No. 2 white, domestic, 35*za36;
No. 3 white, domestic. 34'za35.
Rye—Nearby, bag lots, 40a45.
Tremors Laid to Sinking Coal.
IVIANCHESTER. England. January
j 16 OP).—-Earth tremors, attributed to
sinking of coal mine strata, were felt
j over a wide area about Manchester
| today. Doors and windows rattled and
crockery fell off the shelves, but there
i was no serious damage. __ I
GOTHAM IS HOPEFUL
IN FINANCE CRISIS
Early Solution of Deficit Troubles
Foreseen After Officials Meet
With Banking Leaders.
By the Associated Press.
NEW YORK. January 16—Though
np statement was forthcoming, the be
lief was expressed at City Hall yester
day that “a way out” of the present
financial stringency of the city govern
ment would be found soon.
Mayor James J. Walker and his asso
ciates conferred late in the afternoon
with a banking group comprising
Thomas W. Lamont, George Whitney
and Arthur Anderson of J. P. Morgan &
Co.; John McHugh and Winthrop W.
Aldrich, chairman of the Executive
Committee and president, respectively,
of the Chase National Bank, ard
Charles E. Mitchell, chairman of the
board of the National City Bank.
It w'as understood the conference was
called to familiarize bankers with econ
omy measures recently put Into effect
by the administration with a view to ob
taining loans for pressing needs.
The mayor and the bankers said
nothing afterward, but the mayor’s as
sistant, Charles F. Kerrigan, said the
conference was the first of several at
W’hich efforts would be made to find a
solution.
Mayor Walker Is said to have stressed
the need of haste, pointing out that
$32,500,000 in obligations become due
Wednesday and must b? met by refi
nancing and that this is only a small
part of the $120,000,000 the city must
raise before the end of the year.
The economies effected In each city
department are to be gone over individ
ually with the bankers.
The Board of Estimate, meanw'hile,
put several large Items on the "sus
pense calendar,” including $2,010,000 for
towers and anchorage bents for the new
Tri-Borough Bridge,
NEW YORK STOCK EXCHANGE
(Continued From Page 2.)
__i»ji_, Stock snd Sales— »«
High. Low. Dividend Rate. Add 00. Hlkh Low. Close Chs*
1 14 4 TJ S Express. 3 4 4 14 -» 4
124 14 IJ S A Forn Sacur.... 46 34 24 3 +4
90 40 U S A For Sec pf(*)« 3 604 48 604 +64
304 44 U S B'reight. 10 8 64 8 +24
60 144 U S Gypsum (1.60).. 16 234 204 23 +14
774 204 U S Indus Alcohol..« 863 804 264 274 +24
104 14 U S Leather. 7 24 2 24 + 4
154 34 U S Leather (A)... .i 10 5 44 44 -4
874 10 tl S Pipe A Fdry (I). 136 134 114 134 +2
204 134 U S PlpeAFy 1st 1.20 2 15 144 15 +34
864 54 US Realty A Imp.... 66 8 54 8 +14
204 34 U S Rubber. 89 64 44 44 + 4
364 64 U S Rubber 1st pf. .. 23 104 9 4 104 -4
264 124 U S Bmtg A Ref (1). 33 17 16 164 + 4
47 35 U S SmtgARef pf 3 4 6 874 37 37 —14
1524 36 U S Steel Corps (4). 5087 464 404 444 +14
150 94 U S Steel pf (7). 24 111 107 109
714 584 U S Tobacco (4.40).. 2 61 61 61 +2
1374 136 U S Tobacco pf (7).. 40s 120 1194 120 —174
94 14 United Stores (A)... 80 2 4 2 4 24 + 4
52 21 United Stores pf (4) 14 37 344 37 +2
414 164 Unlv Leaf Tob (3).. 8 194 184 194 — 4
110 804 Unlv Leaf Tob pf(8) 60s 80 774 774 -24
674 24 Unlv Pic 1st pf (*).. 150s 444 38 444 +44
4 4 Univ Pipe A Had.... 3 4 4 4 — Vi
31 74 Util Pwr A Lt A (2). 171 104 9 10 +4
2 4 Vadasco Sales Corp.. 38 4 4 4
764 11 Vanadium Corp. 202 164 IS 154 +14
34 4 Va-CoraChem. 2 4 4 4 + 4
17 24 Va-Car Chem 6% pf. 1 44 44 44 +1
714 34 Va-Caro Ch*m pf (7) 2 394 364 894 +34
109 81 VaElecAPwrpf (6). 80s 86 834 86 +24
714 204 Vulcan Detin (4)- 330s 294 254 28 +14
97 69 Vulcan Detln pf (7). 30s 68 66 68 -+1
26 4 Wabash R R. 84 24 14 24 + 4
51 14 Wabash R R (A)- 83 4 4 2 4 44 +2
26 14 Wabash RR (B). 1 3 3 3 +14
274 174 Waldorf Sys (14).. 60 164 154 154 + 4
15 14 Walworth Co. 7 3 24 24 + 4
274 64 Ward Baking (A)... 4 104 94 104 +24
84 14 Ward Baking (B)... 31 24 2 24 + 4
574 24 Ward Baking pf (7). 2 36 36 36 +1
204 24 Warn Bros Pictures. 912 44 3 34 + 4
404 84 Warner Bros pf 3.35. 2 12 12 12 +14
74 4 Warner Quinlan. 8 14 14 14 + 4
464 34 Warren Bros. 29 64 44 54 + 4
494 12V* Warren Bros ct pf 3. 160s 174 144 16 +1
_ i»jl-- Stock and Sale*— Set.
High. Low. Dividend Rate Add 00. High. Low. Close. Chge
6 Vi Webster Eisenlohr. ,27160g 1% 1 1%
26% 12 W'esson 011ASno(2). 13 15% 15 15
57% 44% Wesson O&Sno pf(4) 21 49% 48% 48%
103 49% West Pa El pf (6)... 70s 70 61 62 41
112 65 West Pa El pf (7 )... 250s 73% 69% 72% 45V
113% 88 West Pa Pwrpf (6). 30s 95 92 94 44
120 93% West Pa Pwr pf (7). 160s 104 100% 102 41
44% 8% Western Dairy (A).. 6 13 11% 12% 4 %
12% 2% Western Dairy (B).. 9 3% 3 3% 4 %
19% 6% Western Maryland.. 175 7% 6% 7 -1
20 5 Western Md 2d pf... 2 7% 7% 7% 41%
14% 1% Western Pacific. 2 4 3% 4 4 %
31% 8 Western Pacific pf... 8 6% 5% 6 + %
150% 38% Western Union (*).. 290 44% 39 43% 41%
36% 11 Westlnghse A B(J).. 57 16 13% 16% 41%
107% 22% Westlnghouse (2%). 1646 80% 24 29% +4% I
119% 60% Wsthse EAM 1st 3% 120s 70 68 69 +3
28 6 Weston Elec Instru.. 7 8% 7 8% 41%
40 7% Westvaco Chlor 1.10, 21 12 9 12 42
70 30 Wheeling Steel pf S). 1 31 31 31
26% 7% W hite Motors.. 48 10% 9 9% 4 H
47% 20 White nock (4). 4 27% 24% 27% +4%
5 % White Sewing Mach. 15 1 % 1 4 %
10% 1 White Sewing Ma pf. 1 1% IV* 1% 4 %
9% 2% Wilcox Oil A Gas.... 22 4% 3% 3% 4 %
8 1% Willys-Overland.... 65 3 2% 2% + % ‘
66% 14% Willys-Overland pf.. 3 20 18% 20 43
3% % Wilson AC. 11 l % 1 4 %
10% 1% Wilson A Co (A).... It 2% 2% 2% + V*
61% 15 Wilson A Co pf. 8 25 21% 24 -r4
72% 35 Woolworth (2.40)...! 601 44% 39% 42% 41%
106% 15% W'orthlngtoh Pump., 232 23% 18% 22 -t 3
96 38% W'orth Pump A (7).. 1 41 41 41 4 2%
83% 23 Worth Pump B (6).. 1 30% 30% 30% 45
27 7% Wright Aeronautical 180s 8% 7 8 + %
80% 46 Wrlgley (Wm) (4), ■ 38 56% 63% 56% 43%
‘30 8% Yale A Towne (1).... 100a 9% 9% 9% 4 %
15% 3 Yellow Truck. 75 5 3a* 4% 4 %
76 15V4 Yellow Truck AC pf. 170s 24 20% 24 +3%
29 6 Young Spring* W(l) 4 8% 8 8 .
5% % Zenith P.adlo. 5 1% 1 1% 4 %
1* 6% Zonite Prod Corp (1) 93 8% 7% 7% - %
Dividend rates as given In the above table are the annual cash
payments based on the latest cuarterly or half-yearly declarations.
xEx-dlvldcnd. sLess than 100 shares. tPartls extra tPlus
In stock tPlus If* In stock a Paid last year—no regular rate
b Payable ;n stock, e Payable In cash or stock f Pius 8% In stock \
h Plus 1% In stock i Plus 50c In special preferred stock k Plus
i% In stock m Paid this rear—no rttular rate, n Plua 5% la
stock, o Plus 2 %4* In stock
OFFICIALS ELECTED
BY 2 ORANGE BANKS
Directors of Nation*! and Citizens’
Institutions Name Officers for
Ensuing Year.
Special Dispatch to The Star.
ORANGE. Va„ January 16.—At the
annual meeting of the National Bank
of Orange, oldest financial institution
in the county, a report of the year’s
business showed the institution to be
in a sound financial condition.
The board of directors were re
elected as follows: Frank S. Walker,
chairman; F. B. Perry. J. H. Gillum,
L. S. Ricketts, R. B. Harris, H. C. War
ren, V. R. Shackleford. L L. Holladay,
Daniel L. Porter, Harry H. Gillum, W.
T. Green, T. A. Almond, L. W. Hill,
O. L. Mundy and W. M. Clark.
Frank S.' Walker, chairman of the
board and president of the Maryland
Virginia Dairymen’s Association; V. R.
Shackleford, L. S. Ricketts and Dr. F.
B. Perry were among members cf the
board wrho addressed the meeting.
Upon the adjournment of the stock
holders. the directors elected the fol
lowing officers: Frank S. Walker, chair
man of board; Frank B. Perry, presi
dent; L. S. Ricketts, vice president; V.
R. Shackleford, counsel; G. William
Smith, executive vice president; Byrd
Smith, cashier, and J. M. Myers, assist
ant cashier.
At the regular annual meeting of the
stockholders of the Citizens’ National
Bank of Orange, a report of the year’s
DUS II less was It'au uy IV. uiauftHiA-i.
active vice president, which showed a
net profit for the year of $25,713.79.
While this was a slight decrease over
1929 and 1930, It was a substantial gain
over all previous years.
The bank reported $41,273.19 paid
out in interest to depositors during the
year and $15,750 in dividends to its
stockholders.
The stockholders elected the follow
ing directors for the ensuing year: K.
O. Halsey, G. E. Waugh. W. J. Tataum,
W. G. Buckner, H. C. Clark. J. H. Bis
coe, M W. Carter, H, F. Twyman, A.
W. Sims, N. C. Bailey, W. R. Preddy
and W. C. Boxley.
The directors elected the following
officers: W. G. Buckner, chairman of
the board: R. O. Halsey, president; G.
E. Waugh and W. G. Buckner, vice
presidents; R. C. Slaughter, active vice
president; H. F. Priest, cashier, and
Marshall James, assistant cashier.
——-«— -—
NEW YORK BANK STOCKS
NEW YORK. January 16.—Over-the
counter market:
BANKS.
Bid Asked
Chase Natl . 36’, 3S3i
Chat & Phen. 20 22
Commercial . 145 153
First Natl .1450 1550
Manhattan . 36 38
Natl City . 49 51
Public . 231 a 25U
TRUST COMPANIES.
Bankers . ,??’4
Bklyn Trust . 194 204
Cent Hanover . 144 148
Chemical . 304, 32 ,
Continental . If if
Corn Exchange . 65 68
Empire . 26 ., 28 ,
Guaranty . 2i8 283
Irving . 20 21
Manufacturers . 3133 <
N Y Trust. 76 <9
United States .1490 1590
Aetna Cas AS. 21 36
Agricultural ... 55 6d
Amer Home . 9 J 12 3
Am Surety . 21 -4
Boston . 260 285
City of N Y. 110 130
Conn Gen Life. 38 43
Fid A Dep. 85 100
Fimeren's Ins . 11 12‘2
Glen Falls . "4 36
Globe A Rut. 212 242
Hanover . 19 -1
Hartford Fire . 36‘a 38 a
Home ins . 17V, IS >
Kansas City . 600 700
Mass Bond . 35 45
Natl Fire . 30 32
Prov Wash . 22', 24 > -
St Paul Fire . 102 112
Sun Life . 375 475
Travelers . 440 490
---«-«
FOREIGN EXCHANGE.
IQuotations furnished by W B Hibbs A: Co >
Nominal gold Selling checks
value. today.
London, pound. J4.8665 13.49
Parib franc. 3 9134C 3.9V«c
Brussels, belga. 13 91c 13 92c
Berlin, mark. 23 82c 23.76c
Rome lira. 5 26c ..
Zurich, franc. 19.3c 19 53c
Athens, drachma . .. 13c .
Madrid, peseta. 19.3c ..
Vienna, schilling. 14 07c .
Budapest, pengo. .. 17 49c • .
Prague, crown <nom.) 2.904c 2.96 *2C
Warsaw, zloty. 11.22c .
Copenhagen, crown . 26 8c 19 20c
Oslo, crown. 26 8c 18 90c
Stockholm, crown.... 26.8c 19 34c
MISSING GIRL FOUND
Lost Way Returning Home From
Athletic Contest.
Last while trying to find her way after
attending a school athletic contest with
a girl friend late Friday, Esther Kleper,
12, of 6712 Forty-fourth street, was re
turned home at 3 o'clock yesterday by
police, after being found on Connecticut
avenue near Macomb street,
Esther told her aunt, Mrs. Robert
Blocher, with whom she lives, her
friend misdirected her. She said she
had been asleep in a shelter near a car
stop for some time, when she awakened
and hailed a taxicab, asking the driver
to take her home.
The latter turned her over to police
of No. 4 precinct.
The girl, police said, wandered in the
opposite direction from her home and
had no money for car fare.
VIOLENCE FEARED
AT MINE MEETING
Harlan, Ky., Sheriff Tells Wives to
Shun Session, as He Plans to
Use Force to Break It Up.
By the Associated Press.
HARLAN, Ky., January 16—Warning
to all persons, especially women and
children not to attend the mass meeting
called by the National Miners’ Union
licit: luuuiuuw, wa'i lsoucu y wiu vio-jr uj
Sheriff John H. Blair of Harlan County.
The sheriff added his statement to
that by Mayor L. C. Smith Thursday,
who announced he would not permit
the proposed meeting and that “the
red nag will not wave-nor parade in
Harlan." Today Sheriff Blair said:
“Any attempt by the National Miners'
Union to force this meeting will force
us to combat with it in a way that
possibly would not be safe for your
wives and children.
“Any such meeting being held in
Harlan County will be broken up and
not allowed. Leaders of the meeting will
be arrested.’’
Clashes beginning last Spring after
the strike called by a local union which
had United Mine Workers of America
affiliations, resulted in eight men in all
being killed and for a while National
Guardsmen were stationed in the coal
fields. Two miners have been convicted
and sentenced to life imprisonment and
about 30 more are to be tried.
We are ready to form a sep
arate organization to handle our
sales all over the world.
You can own majority of the
stock if you are first to help
found the new corporation.
Address Box 335-C, Star Office
General Insurance
Life. Fire. Automobile, Liability, Bond..
Windstorm. Accident. Health. Burrlary,
Hold-up. Workmen's Compensation
Forzery
Thos. E. Jarrell Co.
721 10th St. N.W. NAtional 0765
Opportunity
Young business man, recently
from Cleveland, wishes to contact
Washington employer. Experience
includes insurance, real estate
and advertising sales; purchasing
and traffic office experience. Sal
ary secondary to advancement
opportunities.
Address Box 145-J Star Office
tHSfMMaaMdtMaMMHUSMmi
Recent, survey of Trust Companies amt
National Banks reveals this astonlthlnz
fact!
"NEVER IN THE HISTORY Or
AMERICAN BANKING HAS A BENE
FICIARV SUFFERED A LOSS OF
TRI STEED PROPERTY ’•
Sound—SAFE—Worry-Proof
Fixed—INVESTMENT—Trust*
Are protected this way
Over 60 000.000 shares sold in
PAST 3 years.
Complete information on request
Bernard P. Nimro & Co.
Hill Bids., 17th and Eve Ms. N.W.
__National 0738.
January 15, 1887 January 15, 1932
"Service Built Upon Experience"
**
On the Forty-fifth Anniversary
—of the establishment of our Real Estate Loan and
Insurance Business in the City of Washington, District
of Columbia, we exend our thanks and appreciation
to our many patrons and friends for their generous
support throughout these years, and assure them of
continued fidelity and energetic attention to all
matters entrusted to us.
\
JESSE L. HEISKELL
I
1115 Eye Street N«W.
/ '
WHEAT MAKES GAIN
IN SUDDEN DEMAND
Rush of Buying Orders Runs Price
Up 3 Cents—Is Strong
at Close.
By the Associated Press.
CHICAGO, January 16.—In a sud
den big rush of Eastern buying orders,
wheat ran up more than 3 cents a
bushel today from early low levels.
Rumors that New York stock market
houses had formed a pool to purchase
commodities at low price levels were
current. Wheat trading during the
bulge was much the largest that has
been witnessed in some time, com
manding the highest figures since the
middle of December.
Wheat closed strong, iy*-23; above
yesterday's finish: corn l34-2'8 up,!
oats l'4-% advanced and provisions
showing 5 to 10 cents gain.
WHEAT— High. Low. Close. \
March .57% .54% .57%
Mar .».49% .55% .59%-59%
July .58 .55% .577,- 58
September .59% .55% .59%-.59%
CORN—
March .40 .37% .40
May .42% 39% 41%- 42
July .43% .40% i43%-.43%
OATS—
March .
May .25% .25% !26%
July .25% .25 .25%
RYE—
March .
M&y .47% .45H ‘47V,-.47%
July .48 .46% 48%
I
| Money on Hand to Loan on
First Deed of Trust
0% Interest
Reasonable Commission and
Prompt Replies to
Applications
JAMES F. SHEA
643 Indiana Ave. N.W.
American Bankers’ Journal
Holds Excess of Loans Al
most Ruinous.
The aggregate value of all agricul
tural crops In 1931 was approximately
$4,123,000,000, compared with $5,819,
000,000 in 1930 and $8,088,000,000 in
1929. Prices of farm products are now
only 68 per cent of the pre-war level.
It is becoming increasingly apparent,
says the American Bankers' Association
Journal, that the disastrous drop in
prices, income and purchasing power
of the farm population is traceable to
three principal excesses, to wit:
(1) An excess of productive capac
Wv i-PfiiiH.incr from t.hp larirp pvnansinn
in acreage In the United Stales. Can
ada, South America and Australia dur
ing the war when European production
was largely suspended, followed by the
re-entrance of Europe and Russia sine*
the termination of the war.
(2) An excess of credit used by
agriculture, resulting In a staggering
mortgage debt, inflated prices for farm
land, overdevelopment and accumula
tion of surplus stocks of agricultural
products. The vast supply of credit
granted to the farmers by the banks,
insurance companies. Federal Farm
Banks, Joint Stock and Land Banks,
Federal Farm Board and co-operative
marketing organizations have not
helped them, but nearly ruined them.
(3) An excess of "aid" from other
directions in addition to the oversupply
of credit. Farmers have been the vic
tims of well-meaning but ignorant and
uneconomic Interference with natural
forces on the part of their counties*
"friends," and their exploitation by na
tional politicians under the guise of
remedial legislation is nothing short of
a calamity, the Journal declares.
What the farmers need is to be le#
alone and given a chance to recovery
The abnormally large cotton crop lasg
year was a freak of nature, while th*
crops of w’heat, corn and other grain*
were about average or even below, and
a substantial reduction In acreage thl*
year is assured. Future production
must be allowed to adjust itself In ac
cordahce with prevailing prices. Thi#
includes eggs, milk and poultry, th*
prices of which have declined by mora
than one-third since 1929, reflecting
overproduction.
A great deal of live stock has beeti
throwm upon the market because of
the Inability of farmers to meet fixed
charges and expenses out of the re
duced income from crops, and liv*
stock prices have suffered an Irregulal
decline It is recommended bv th*
United States Department of Agricul#
ture that light-weight live stock b*
held if possible, because of the abun
dance and cheapness of feed, other*
wise a shortage is likely to develofj
within two or three years, causing high
prices, from which the farmers will not!
be In a position to benefit, the Journal
asserts.
ft LOW PRICED
^#1 STOCKS
Every investor should benefit by
our latest compilation of 25 stocks
which appear to have unusual
long term profit possibilities.
These 25 represent a careful sifting
of the 693 stocks recently selling for
#12 per share or less. Recent average
price was #10 compared with #88 in
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^FINANCIAL WORLD
America'ft Inveitment and BuHness Weekly
53-FM Park Place New York
THE WOODWARD BUILDING
ISth and H Sts. N.W.
In the selection of your office, an in
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Rental Office, 510 Woodward Building
NATIONAL 5518
RANDALL H. HAGNER & COMPANY
Incorporated
SAFE FIRST MORTGAGES I
YOU CAN DEFINITELY
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6% FIRST MORTGAGES J
They do not fluctuate in principal |
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Over a Third secured by mortgages on conserva- |
of a tively appraised improved Washing
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Without a term of the loan the yield will be
Loss exactly 6rf.
May be purchased in amounts
from $250 up.
B. F. SAUL CO.
National 2100

Evening star. [volume], January 17, 1932, Page 4, Image 58
About Evening star. [volume] (Washington, D.C.) 1854-1972

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Evening star. [volume], January 17, 1932, Page 4, Image 58
About Evening star. [volume] (Washington, D.C.) 1854-1972