Evening star. [volume] (Washington, D.C.) 1854-1972, February 08, 1932, Image 13

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Evening star. [volume], February 08, 1932, Page A-13, Image 13
About Evening star. [volume] (Washington, D.C.) 1854-1972

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Evening star. [volume] (Washington, D.C.), 08 Feb. 1932. Chronicling America: Historic American Newspapers. Lib. of Congress. <https://chroniclingamerica.loc.gov/lccn/sn83045462/1932-02-08/ed-1/seq-13/>

Newspaper Page Text

COLLECTIONS DROP
SHOWNMUARY
Credit Men’s Association Re
ports Sales Were Also
Lower for Month. •
BY EDWARD C. STONE.
Reflecting the uncertainty engen
dered by the political and economic de
velopments in January, collections and
sales in 109 of the leading trading
cities of the United States continued to
drop slightly, following the usual post
holidav let-down at the turn of the
year, the National Association of Credit
Men reported today.
Although a larger percentage of the
cities reporting found sales and collec
tions to be in the slow column than was
the case In the previous survey, two
cities. Springfield and Worcester, Mass.,
reported good collection conditions com
pared to only one in the January sur
vey. On the other hand, no cities re
ported good sales conditions this month.
Springfield. Mass., which last month
was the sole representative in the good
sales column, dropped to the classifica
tion of fair.
From the Middle West there is much
comment about the low prices of agri
cultural and live stock products. Iowa
states that the low prices of farm prod
ucts and many bank failures have a
■very depressing eifect. It would ppear
from comments made that there has
been no improvement in collections
curing the past 30 days. This is pri
marily due to the fact that retail mer
chants have not been able to realize as
much money from their receivables be
cause of the faot that farm products
sell at this time at a very low figure,
the lowest in the history of this gen
eration. Stocks of merchandise with
retailers and jobbers are lower at the
present time than they have been for a
number of years, according to informa
tion sent the Washington office.
Rrtail Trade Remains Spotty.
Latest reports to the 12 Federal Re
serve Banks show that retail trade is
spotty, with conditions about the same
as a week ago. Retail trade in the
fifth district is about the same as a
year ago, perhaps a bit slower.
In the Atlanta district a group.of de
partment stores reported substantial
gains in sales last week. Many' special
sales are being held and further price
reductions made. Til ere is more op
timism among the steel men in the
Birmingham district, several important
orders having recently been booked.
Wholesale trade in the Philadelphia
district is picking up. being more active
than at any time .since the holidays.
Boston reports a gain in the shoe and
textiles trades. In St. Louis, bankers
report that hoarded money is coming
back to the banks. Chicago reports
much better records are being made in
wholesale merchandising lines, although
retail trade Is highly irregular.
Severe cold weather around Minne
apolis has helped retail trade a gcod
deal in the past week and an increase
in bank clearings has cheered up the
Dallas. Tex., area somewhat. In the
Cleveland and Kansas City Reserve
districts no encouraging changes have
been reported in the past few day's.
C apital Increase Shown.
A S. Goulden & Co. has just re
ceived the quarterly report of Massa
chusetts Investment Trust, showing se
curities owned December 31, 1931. In
comparison with the previous quarter,
the tnust shows growth in paid-in capi
tal during the last three months of
1931 of $3,159,843.
The fact is disclosed that during the
period from October 1 to December 31.
1931. the trustees of Massachusetts In
vestors Trust purchased over 67,000
shares of stock of 71 different com
panies. bringing the total, number of
different stocks in the portfolio to a
total of 128.
Confidence Better in D. C.
Local bankers report that confidence
has improved in financial and busi
ness circles during the past few days;
in fact, things have been looking better
ever since the first of the year. It is
hard to put a finger c:n any single point,
they sav. yet there is less gloom than
was noted back in December. It is felt
that the readjustments, which are now
well into the third year, are certain to
bear fruit during 1932. If sufficient
confidence can be built up to put an
end to hoarding, cne of the most im
portant steps toward recovery will have
been taken, in the opinion of local
financiers.
Heard in Financial District.
The Treasury Department today an
rrunced an offering of ST5.000.000 three
month Treasury bills, to be sold to the
highest bidder on a discount basis, the
bills to be dated February 15 and ma
ture May 18. A total of $75,000,000
Treasury bills mature on February 15.
John D Leonard, widely known
Washington banker, who retired from
th- financial field last Summer on ac
count of illness, has completely recov
ered his health. For many years he was
actively connected with the Washington
Savings Bank, being one of 4he found
ers and for a long time president of the
institution.
Charles D. Barney & Co., members of
the New York Stock Exchange, are dis
tributing a booklet, illustrated with
charts, titled "Selected Common
Stocks." The 31 stocks chosen are di
vided into three groups—those whose
earnings indicate continuance of pres
ent dividends, those whose dividends
may bo modified and those of deflated
basic industries with long-term recov
ery prospects.
Trading on I). C. Exchange.
Washington Gas Light 6s, series B,
opened the week's trading on the
Washington Stock Exchange today,
$500 selling at 102;l4.
Washington Railway & Electric pre
ferred figured in a 35-share turnover in
three different sales at 91V
Potomac Electric Power 5'2 per cent
preferred also appeared on the board,
a small lot selling at 103
Morgenthaler Linotype was the last
stock out for the day. selling at 53. up
a point from last week's close At pres
ent prices this stock yields better than
11 per cent.
LURAY FIRST NATIONAL
BANK TO BE REOPENED
E. N. Hershberger, Page Coiyity
Treasurer, Is Likely to Head
Institution.
Special Dispatch to The Star.
LURAY. V?... February 8—The First
National Bank. Luray, which closed its
doors October 6 "due to depression in
the value of commercial papers,** will
reopen within the next few days, it has
been announce i
The reorganized bank will probably
have E. N. E "shberger, treasurer of
Page County, ns ic> president; W. E.
Frank, assistant cashier of the closed
bank, as cashier, and Robert W. Huff
man, assistant cashier.
The capital stock of the reorganized
bank will be double that of the old in
stitution. Depositors and stockholders
of the old bank have made financial
• sacrifices in order to effect a reorgani
ze ion.
Resources of the old bank, according
to a statement made a few days before
it closed, amounted to more than $700,
000. Tlie president of the First Na
tional Bank was J. S. Price, who sought
the Democratic nomination for State
Senator from this district. He was
beaten by Aubrey G. Weaver of Front
Royal.
-•
SILVER QUOTATIONS.
NEW YORK. February 8 (JPt.—Bar
silver quiet and- unchanged at 29%
tents.
I NEW YORK STOCK EXCHANGE
Received by Private Wire Direct to The Star OtBce
Storks sold in 100-share lots exeent those designated hr letter “§.n
, 1931 . Stock and Soles—. Met.
High. low. Dividend Rote. Add DO. High. Lose. Close. Cnge.
14% 2 Ahltlbl Pwr A Paper. 1 2% 2% 2%
106% 96 Abram Straus pf (7). 239a 97% 95% 97%+12%
23% 3% Adams Express....,i 6 4% 4% 4Vi
23% 10 Addressograph (1).. 2 12 12 12
33% 22% Adams Mints (2).... 1 24 24 24
11% 2 Adv Rumley.1 3 3 S ' — %
20 12% Affiliated prod 1.60... 3 13% 13% 13% — %
109% 47% Air Reductlon(t4 %), 15 47% 46% 46% -1%
20% 7 Alaska Juneau (50c). 21 15 14% 14%
12% 1% Alleghany Corp.. 12 2% 2% 2%
69% 2 Alleg Cp pf *30 ww.. 1 4% 4% 4%
182% 64 Allied Chemical (6).. 63 67 65 65% — %
42% 10% Allls-Chalmers(50c). 8 11% 11% 11% — %
62% 12% Am Rank Note (2)..i 3 14 13% 13%-%
129% 58% Am (’an Co (t5). 149 59 66% 57%-%
38% 4% Am Car A Foundry.. 1 7% 7% 7%
66 20% AntCar&Fdy pf (7) 60s 28% 28 28 -%
48% 30% Am Chicle ( + 3>. 3 32% 32 32% — %
33% 7% Am European Secur. 2 7% 7% 7% — %
61% 6% Am & For Power... .. .27 6% 6% 6% — %
79% 10 Am & For Pwr 2d pf.. 2 12% 12 12 - %
10% 4 Am Haw St'ship (1) •■ 1 5V* 5% 6%
64 37 Am Home Prod 4.20.. 1 41 44 44 - %
31% 10% Am Ico (2). 2 14% 14% 14% + %
26 5 Am International.. .v 4 5% 5% 5%
30% 5 Am Locomotive. .... 3 7% 6% 6*. —1
7 1% Am Mach & Metals.. 4 3 2% 3 + %
23% 4% Am Metal Co. 1 4% 4% 4% — %
89% 14 Am Metals pf. 10a 16% 16% 16% + %
64% 11H AmPwr&Ltttl)... 11 18% 13 13%
102 44% AmPwr&Ltpf (6)., 1 50% 50% 50% + %
84 34% AmPALtpf A (5).. 1 39 39 39 +%
21% 5 Am Radiator (40e).. 18 6% 6 6% + %
150 100 Am Radiator pf (7).. 30s 110 110 110 + %
37% 7% Am Rolling Mills. ... 1 8% 8% 8% — *»
66 19% Am Safety Razor (5) 5 23% 23 23% + %
1% % Am Ship & Com.• 1 % Vi %
42 20 Am Shipbuilding (5). 10s 21% 21% 21%
68% 17% Ain Smlt & Rfg(50c) 73 14 12% 13 -%
4'» *4 Ain Solv & Chemical. 5 *4 *4 *4
31*4 5 Am Steel Foundry... 14 fit* 6 6'.* —
113 68 Am Steel Fdry pf (7). 120s 70 69 69 —1
481* 33 Am Stores (t2%).... 2 35 34*» 35
60 34** Am Sugar (4). 1 24 24 24 - v,
108*4 84*4 Am Sugar pf (7)... .i 1 697. 697, 697» —
11*4 3*i Am Sumatra Tob. .. • 6 4 3** 3** —1*4
201*4 112'4 AinTel&Teleg (9).. 282 112*4 110*4 1X2 + *4
128** 60*4 Am Tobacco <t6).... 20 73*4 72 72 —2'«
132*4 64 Am Tobacco B (t6).. 103 74** 72*4 73 -2'*
1S2 96 Am Tobacco pf (6).. 2 109 109 109
80*i 23’k Am Water Wks (3).. 6 27 26*4 2614 - *4
107 64*1 Am Wat W 1st pf(6). 1 71 71 71
40 15*4 Am Woolen Co pf.... 5 20*» 20'* 20*» — *»
8*4 2*4 Am Zinc & Lead 2 2** 2*» 2'**
43*4 9** Anaconda Copper. ... 162 9** 8T4 9*4 — *4
18 8 Archer-Paniels (1).. 1 11 11 11
102 90 Archer-Dan pf (7)... 100s 92 90 90 -4
72 20 Armour of Pel pf (7). 1 36** 36** 36** —1*4
4*4 *4 Armour of 111 (A)... 3 1** 1*4 1**
27s *4 Armour of 111 (B)... 4 R4 *i *, — ',
28*4 1** Associated Apparel.. 1 2*, 2>» 2*» — *4
31 8*4 Associated Oil. 10s 8 8 8 — *»
203*4 79*4 Atch To & San Fe(6). 44 76*4 7274 73*4 -2
108V* 75 Atch To&S Fe pf (5) .■ 2 82** 82»* 82»*
120 25 Atl Coast Line (4)... 1 28*4 28*4 28'4
2344 894 Atlantic Refining (1) 4 9 874 874
54 18 Atlas Powder (2).... 3 18*4 18 18*4 —1
99*4 77*4 Atlas Powder pf (6). 30s 73** 73*4 73*» — **
13*4 2*4 Atlas Stores (60c)... 1 47l 4*4 4*4 — *4
295*4 84*4 Auburn Auto (f4)... 267 111 103 106
6*4 2 Aviation Corp (Del). 2 2** 2** 21*
27*4 4*4 Baldwin Locomotive 1 6*4 6'4 6'4 — V
104*4 15 Baldwin Loco pf. 80s 20*4 17*4 17*4 -2T,
8714 14 Baltimore k Ohio..... 40 16*4 15V» 154 —
80*4 25 Balto Ohio pf (4).. 1 31 31 31
66** 18 Bang & Aroos (3*4). 1 20 20 20
14*4 4 Barnsdall Corp. 15 4*4 4'« 4** + *,
90 60 Bayuk Cig 1st pf (7).. 100s 68 58 58 -1
81 37 Beatrice Cream (4).. 6 37'4 37 37 — '*
6*4 1*4 Belding-Hemingway. 4 3 274 274 - *s'
25'4 12*4 Bendix Aviation (1).. 19 16 15*s 15'n
46** 19*4 Best* Co (2). 4 21 19’, 21 -*1
70** 17*4 Bethlehem Steel. 44 17*4 16*» 17
12374 60 Bethlehem Stl pf (7) 2 62*4 62*4 62*4
43 15*4 Bohn Alumn (114) • 1 l”*s 17*4 17*4 + *4
76'4 35’r Borden Co (3). 34 36** 3594 36'4
SO** 9 Borg Warner (1).... 4 10*, 97« 97» — *4
22*4 7*4 Briggs Mfg (1).• 3 8*, 8 8',
24', 8 Briggs&StrattonC). 2 9 9 9 -1
69*, 81*4 Bklyn-Man Tran (4). 11 40 37*4 40 -t 2*4
94** 63 Bklyn-Man Tr pf (6) 1 70 70 70
13*4 614 Bklyn* Queens. 2 8 7*4 8 - 74
129*4 72*, Bklyn Union Cast5). 5 75*, 74*4 74*4 — 1*,
S474 4*4 Bucyrus-Erie cv pf.. 2 6 6 6 — ’*
5*% 1*4 Budd (E G) Mfg. 1 2 2 2 — *s
13 2*4 Budd Wheel. 1 3*4 3*4 3*4
23 3*4 Bullard Co. 1 4*4 4'4 4'4 - ’4
3214 10 Burroughs Add(80c). 5 10*, 10*4 10'* — v«
31 1544 Bush Terminals 14). 1 17*4 17*» 17*,
104 50 Bush Term deb (7).. 100s 50 50 50 —5
2*» 1 Butte Copper & Zinc. 1 1'4 1'4 1*4
1»» ** Butte & Superior.... 1 7', *, ** — *4
69'* 10*4 Byers (A M). 7 11»» 11*, ll'i - 'i
63 8 California Packing.. 1 in 10 10 — %
1% '4 Callahan Zinc & Ld.. 1 "■» % S
11*4 3 Calumet & Hecla.... 1 3 3 3 — '4
16*4 5** Camp W&C Fdy (1).. 2 6 6 6
45 10*4 Canada Dry (1.20)... 5 10% 10 10 — v*
45% 101* Canadian Pacific 1 Vi. S3 14% 13% 14*4 — %
, 16 4', Capital Admin (A). . 1 4'* 4'* 4%
131 '4 33v* Case (.T I) Co. 583 3P* 27’, 27', -2*,
116 53 Case (J I) pf (7)- 240* 55 49% 51 -9
52% 10V* Caterpillar Trac (.1) . 6 1 IS 11 11*4 + %
-13H~ 1*4 Celotex vtc ctfs. 11 1 1 — Vi
25*4 11 Cent Aguirre (1 Vj).. 1 1174 1174 1 174 — %
230 69'4 Cent R R of X J. 225* 67', 67Vi 67%—10',
30', 9T, Cerro de Pasco (1).. 52 lll* 974 9T« —1*4
35 11 Certain-Teed pf. 1 12', 12% 12% + *«
23’* 3'4 Checker Cab Mfgr... 5 6V* 6*4 6% + %
46', 23% Ches&Ohio (2%)... 130 22% 22 22 -%
64% 13% Chesapeake Corp(3). 14 14*4 13', 13’, — %
774 2% Chi Great Western.. 2 3*, 3% 3', — •%
27', 7*4 Chi Great West pf... 6 IP, 10'4 10V* — 7.
87, 1 *i ChiMilStP&Pac... 2 28, 2% 2% + %
15*4 2% Chi Mil StP&Pac pf. 3 4*4 5”, 3*4 - V,
15', 5 Chi & Northw estern. 41 8'i 7% S', — >,
15', 3', Chi Pneu Tool. 3 5% 5'. 51, — %
65', 774 Chi Rock 1 & Pacific. 6 10% 10*4 10'. + %
90 lOVi Chi K 1 & Pac 6% pf. 5 16% 15% 15'i —1*4
101 12 Chi R I & Pac 7% pf. 3 18 17% 17% -5%
25*4 11*4 Chrysler Corp (1)... 110 12% 11% 11% —1
90 63% City Iee&Fuel pf 6*4 . 40s 65', 65 65
4*4 V* City Stores. 2 111
34% 15 Cluett Peabody (2).. 1 16 16 16 — Vi
170 97*4 Coca-Cola (f8). 10 106 104% 104V, —1
60', 24 Colgate-Pal-P (2%). 4 29% 29 20 — %
17*4 6*4 Collins & Aikman- 5 7% 7% .7*4 — %
10% 7% Colonial Beacon. 1 9', 9*4 9', — V,
32V* 6', Colo Fuel & Iron. ... 1 8*, 8% 8%
45% 11*4 Columbia G&El(bl % 12 12% 12% 12% — >4
111*4 82 Columbia Carbon (3) 9 29 28% 28% — *»
23% 8 Comm Credit (1.60). 2 8*4 8% 8% — %
16* 16 Cornel Cred pf (1*4). 160s 17% 17% 17V,
99 52 Cornel Cred lst(6V4). 40s 67V* 67 67 — 14
25l{ 15 Cornel Cred pf B (2). 30s 18 17 17 -1
34 15% Cornel Inv Trust (2). 7 19% 19 19 — Vi
% % Cornel Inv T war sta. 1 *4 *4 *4
106 94 Cornel Inv Tr pf 6%. 10s 90 90 90
90 60 Comm Inv cv pf(e6). 1 64 64 64 —1
21% 6*4 Cornel Solvents (1).. 20 7% 7% 7*4 - %
12 3 Comwlth & Sou(30c). 74 4 3% 3% — V4
100% 46 Comwlth&Sou pf (6) 2 61% 59*4 59% —2*4
14% 6% Congolm Nairn (1).. 1 8% 8% 8%
80% 6% Congress Cigar (1). . 18 8 8
73 42 Consol Cgr pr pf 6 %. 50s 66 56 56
15 3% Consol Film. 2 3% 374 3% + %
18% 7** Consol Film pf (2).. 2 9% 9% 9*4
109% 57% Consol Gas N Y (4).. 108 57% 55% 56% + V*
107 88 Consol Gas N’Y pf (5) 1 90 90 90
15T4 8V4 Consol I.aundrles(l) 1 9*4 9% 9*4 + *4
1% *4 Consol Textile. 7 V4 % % -V V,
8% % Container Corp (A).. 5 2 2 2
3 14 Container Corp (B).. 1 ** % **
30 4% Conti Baking (A).... 6 5** 5% 5*4 + Vi
3*4 % Conti Baking (B).... 2 *4 *4 **
77% 40 Conti Baking pf (8).. 2 43 42V* 43 + Vi
62% 30% Conti Can (2%).- 6 33% 33% 33% — %
16T4 3*4 Cont Diamond Fibre. 4 3% 3*4 3% — *4
61*4 18V, Cont Insur (2.40).... 3 19% 19% 19% — %
4% 1 Conti Motors. 202 1% 1 1 — V*
12 4% Conti Oil (Del). 8 5% 5** 5*4
12 *4 Conti Shares. 37 *4 *4 *4
86*4 36% Corn Products (3) . . . 21 40% 39V, 40% + %
84% 20 Cream of \Vht(t2%) 1 20 20 20 -1%
34% 22V4 Crow n Cork pf (2.70) 3 21*4 21% 21% - Vi
106 36% Crucible Steel pf (7). 230s 45 45 45 —1
5% 1 Cuban-Am Sugar.... 1 1% 1% 1% + %
48% 29 Cudahy Packing (4). 4 31 30 30 —2
100 20 Curtis Publishing(2) 3 24 23% 24 - %
118*4 70 Curtis Publish pf (7). 3 79 75% 75% —3V4
5% 1 Curtiss Wright. 25 1% 1% 1% - %
8% 1*4 Curtis Wright (A).. 4 2*4 2% 2% - V4
23 3Vi Davison Chemical... 2 4 3% 3** — Vi
22 13H Deere & Co pf (1.40). 10 107i 10'a 10V* — **
157V4 64 Delaware & Hud (0). 7 72 69*i 697* —2
102 17% Delaware Lack & W. 14 18% 18 18% + %
46% 3% Denver & R G \V pf.. 1 6% 6% 6% — 1V4
195 HOV4 Detroit Edison (8).. 2 109 107'% 107’* —2"*
23 10H Diamond Match (1). 4 14*4 13V* 13*4 — V*
i 28Vi 19*4 Diamond Mtch pf 1 % 3 22T* 22*i 22*4 —
' 134 64 Dome Alines (1). 3 84 81/* 84
24 11 Dominion Storestl 4 2 14% 14% 14% — %
21% 7% Douglas Aircraft (1) 1 10% 10% 10% — %
18 10% Dresser Mfg B (2)... 1 1>% 11% 11%
78% 42% DrugCorp<4). 80 61 50% 50% — %
107 60% Dupont de Nem (4).. 250 40% 47% 47% — %
124% 94 Dupont de N pf (6).. 2 100 99% 100 + %
185% 77 Eastman Kodak 418> 16 77% 76 77
11% % Eitington-Schild.... 8 % % % — %
69 7% Eitington-Schild pf.. 2 6% 6 6 —1%
74% 20 Elec Auto Lite (4)... 19 26% 26 26 — %
110 94 Elec Auto Lite pf(7). 40» 98% 98% 98%
9% 2% Elec&Musical Instru 7 3% 3% 3%
60% 9 Elec Pwr & Lt (1)... 27 11% 11 11% — %
108% 41 Elec Pwr & Lt pf (7). 7 63 53 53 -1
66 23 Elec Storage Bat (4) 3 30% 30 30 — %
85% 18% Equit Office Bldg 2% 1 18 18 18
89% 6 Erie R R. 6 7% 7% 7% — %
45% 6% Erie R R 1st pf.2 9% 9 9 -2
40% 5 Erie RR 2d iff. 2 7H 7% 7% - %
25 10 Exchange Buf (25c). 90s 10 10 10 — %
66% 20 Fid Ph Fire ln(2.60). 13 20% 20 20% - %
.21% 12% Firestone T & R (1). * 12% 12% 12%-%
66% 46% Firestone T&R pf (6) 2 63 53 63
63 41 First Natl Strs (2%) 28 44% 42% 43%-%
% %. Fisk Rubber.*. 9 % % K
8 % Fisk Rubber let pf... 840* % % % — %
__Iasi__ Stock and Sales— Net.
Hkh. Low. Dividend Bata. Add 00. Hlah. Low Cloaa Ch«.
»'.» Vi Fisk Rub lzt pf cv... 30s % % %
17V4 2'4 Foundation Co. 1 SVi 3% 3%
82% 16% Fourth Nat Inv l.lO.i 4 16% 16% 16% + %
88% 2% ,Fox Film (A). * 3* 3H 3% — %
43% 13% Freeport-Texas (2).. 2 16% 16% 16% — %
&0 15 Uamewell cT7i77 250s 14% 13*. 13% — %
714 2% Gen Am Investors... 3 2% 2% 2% — %
88 45 Gen Am Inv pf (6). .1 2 60 49 49 —2
73% 28 Gen Am Tank Car(<): 3 29% 29% 29% — %
47 9% Gen Asphalt (2). 24 11% 11% 11% — %
26% 9% Gen Baking .. 6 14% 14% 14% + %
114 95 Gen Baking pf (8). .-j 70s 97 97 97 —1
9% 1% Gen Bronze.' 1 2% 2% 2%
13 1% Gen Gable.- 1 2% 2% 2% — Vi
25% 2% Gen Gable (A). 2 4% 4% 4%
64% 22% Gen Klectric (1.60). 341 19 18 18% — %
12% 10% Gen Klee spec (60c).. 5 11 10% 10%
66 28% Gen Food Corp (3)... 40 32% 32 32% — %
8% 1% Gen C.&K A(b6Tostk) 9 2% 2 2% + %
100% 85 Gen Mills pf <6)..... 1 87 87 87 — %
48 21% Gen Motors (2).: 205 21% 20% 20% — %
103% 79% Gen Motors pf (5)... 2 81 80% • 80% + Vi
10% 3% Gen Outdoor Adv.... 5 4 3% 4
31 10% Gen Printing Ink(2)* 20* 13% 13% 13%
84% 21 Gen Tty Signal (5)... 1 22 22 22 — %
9’* Gen Realty & Util.. • 1
74’a 13«* Gen Realty & Util pf. 6 14 14 14 +1
lfc’i H Gen Theater Equip. .• 1 H ** H — V4
88** 9\% Gillette Saf Razor... 37 13** 12'.* 13V* +m
7% 1% (Umbel Bros.. 1 2 2 2 -%
9% s% Gobel (Adolf).l 1 5% 5% 5% — %
42% 14% Gold Bust (2%). 9 17 16% 16% + %
20% 3% Goodrich (BF).i 1 4 4 4 + Vi
62% 13% Goodyear T & R <l).-» 18 13% 13% 13% — %
13% 3*» Gotham Silk Hosiery 2 9% 9% 9% + %
72 50 Gotham S II pf (7)... 20s 64% 64% 64% +4%
6% 1% Graliam-Palge. 3 3% 3 3%
25% 1% Grand Silver Stores.. 6 1% ]% ]% — %
18% 7 Grand Union. 3 7% 7% 7% — %
46 21 Grand Union pf (3).. 1 30 30 SO
42 24% Grant (VVT) (1)- 2 25% 25% 25% — %
69% 15% Great Northern pf(2) 28 18% 16% 17'% — %
23% 10 Great North Ore(2).. 2 12% 12 12 — %
96% 74 Great IVn Sugpf(7).. 10* 75 75 75 + %
6*4 1 Grigsby Grunow- 1 1% 1% 1% + %
30'» 22 Hackensack \V (1*4) 1 20', 20'4 20<4
9*4 H4 Hahn Dept Stores. ... 6 l*t Is, 1=4 — >4
637. 14 Hahn Dpt St pf(6*4>. 4 15 12*i 12>4-2*4
19*. 11 Hall(WF)Ptg(a30c>. 2 1044 10*. 10** - H
94 67 Hanna pf<7). 10* 67 67 67 —1
44'i 111 a Hurh & Walker (1).. 2 11 11 11 + Vi
7*, Hartman ("orp (H). 5 IV* D* 11%
119V* 95 Hercules Pow pf 47). 50* 92 92 92 + ti
103*4 68 Hershey Choc (6).... 3 74>4 741, 74Vi —1»,
104 70'* Hershey Choc pf t3., 2 75 73', 73 V, —3
19'* 6!, Hollander Sons.. 3 7*i 7t% 7V*
1J2', 81 Homestake M +3 30.. 2 122 1217, 122 41**
9*4 2'4 Houdaille Hershey. ,i 4 2*i 2»i 2*t — v*
68'a 15*4 Houston Oil.1 4 17'i 17 17 — 14
29' i 11*» Howe Sound (2) ..... 20 11*4 10*» 10** —l*.
44', 26'. Hudson* Man (3'4). 1 27 27 27 - *«
26 7*4 Hudson Motor (1)... 3 814 8V* 8'4
13'i 3*4 Hupp Motors. 2 4 37* 37» — >,
" 89 9', Illinois Central. 16 13 ll7, ll7* + 14
4S l'» Indian Reflnine.. 3 1'4 l'i IV, — V,
86 21 Indust Rayon (4).... 5 28*, 28 28'4 —1',
182 25*4 InKersoll Rand^3). .1 1 30*, 30 30 — 1,
11*, 3 Inspiration Copper.. 4 3'» 3 3 — >i
12\ 4'4 Ins-Shares (Del) 50c. 1 5*» (j*» 5*4 + ',
34 4*. Interboro Rap Trans 9 10*, 9'. 10 +11,
15 2 » Interlake Iron. 2 4 3*4 37, + V,
5*4 1 Jnt Aftriculture. 3 *4 *4 *4
f> 1'4 4', Int Agriculture pf... 3 5', 5', 5',
179*4 92 Int Bus Machine(n6) 21 96'i 9."4 94 -]>,
62’, 16 Int Cement (3). 2 15«» 15H 15*,
4 ', Jnt Combustion...... 2 1 1 1 — **
60', 22*. Int Harvester (214). 24 2214 21'4 22 -1
143 , 105 Int Harvester pf (7). 3 104 103*. 104
31 9's Irit Hydro El A (e2).| 2 9'i 9 9*4-*,
73ti 11 Int Match pf (4)_ 12 20'% 19', 19»* - V*
20', 7 Int Nickel of Can 20c 90 7*, 7\ 7*» — *,
10', l7, Int Paper* Pwr (A). 2 2<, 2*. 2*.
414 Int Paper & Pwr (C). 1 *» *» ■*,
43', 6', Int Paper & Pwr pf.. 1 7*. 74, ■ 7*» — V,
42 18 Int Salt (3’). 1 19', 19'% 19', - H
38*i 7!% Int Tel & Teleg(60c). 4 0 8 74 8'% 8*»
21*« 8 Int Dept Stores (2).. 1 8 8 8 -14
9\ 1'4 Investors Kquity. ... 2 17» l*t l»i — 1,
574 24 Jewel Tea (4). 1 31 31 31
80*» 154 Johns-Manville (1).. 19 184 174 174 -4
1234 68 Jones & Laugh pf (7) 70s 78 78 78
7 4 Karstadt (Rudolph). 2 4 4 4 + 4
18 54 K'mann Dpt Strs(l). 3 64 64 64
244 7 4 Kavser (J )&<'o (1).. 1 74 74 74
34 *4 Kellv-Spring Tire... 8 14 14 14 + 4
26 54 Kelly-Spr T 8% pf... 180s 144 134 144
154 6 Kelvinator Corp )8 84 84 84 + 4
314 94 Kentiecott Copper 50< 61 104 94 10 — 4
70 5 Kinney (G R) Co pf. 30s 10 10 10
294 15 Kresge (S S) U.60).. 22 174 16 164
274 44 Ivreugor & Toll 1.61.. 131 74 74 74
354 124 Kroger Grocery 11).. 14 134 134 134 - 4
874 404 Lambert Co (8). 9 484 474 48 — 4
1014 72 Leh Port Crat pf (7). 10s 70 70 70
84 14 Lehigh Valley Coal.. 2 2,2 2
694 35 Lehman Corp (2.40). 4 3 7 4 37 4 374 — 4
34*4 184 Lehn&Fjnk (3). 1 204 204 204 - 4
914 40 I.igg & Myers BUS) 21 54 52 52 -24
34*4 12*4 Lima Locomotive.... 45 134 124 124 —1*4
554 134 Liquid Carbonic (2). 6 16 154 154 — 4
63 4 234 Loew's Inc (t4). 31 264 25*. 264- 4
98 56 Ifoew's Inc pf (64).. > 1 68 68 68 - *,
64 24 Loft Inc. 1 24 24 24 - 4
125 1164 Loose Wiles 1st <7).. 10s 112 112 112
214 10 Lorillard (P) (1.20). 23 134 134 134 — 4
354 174 Lou Gas&El A (1*4). 1 ?04 ?04 204
111 204 Louisville & Nash(4) 2 22 214 22 + 4
19 4 Ludlum Steel. 1 44 44 44
1034 384 McKeesport T 1' (4). 4 464 46 464 - >
434 12 Mack Trucks (1)_ 7 1.34 124 134
1064 50 Maey (RH )& Co< n3). 3 49 484 484 -1
74 2 Madison Sq Garden.. 11 3 .3 3
274 74 Magma Copper!50c). 2 74 7 7 — 4
39 64 Manhat Kiev mod gtd 26 124 11 124 +14
12 44 Manhat Shirt (60c).. 3 5 5 5
24 4 94 Marine Midld (1.20). 4 104 10 10 — 4
32*4 94 Marlin-Rorkwell (-). 5 94 94 94 — 4
324 94 Marshall Field &*'o. 11 84 8 8 — 4
30 154 May Dept Stores 1.80 2 17 17 17
22 17 Mesta Machine < 2). . 10 144 144 144 — 4
27 15 Met-Gold Pic pf 1.89. 1 20 20 20 — 4
10H Miami Copper 1 3>4 34 34
164 5 Mid Continent l’etm.. 2 54 54 54 — 4
314 7 Midland Steel (3).... 1 84 84 84 + 4
94 354 Midland Steel pf (3). 2 45 45 45 -14
594 15 Minneap Honey R(3) 1 194 194 194 + 4
74 14 Minn Moline Row. .. 2 14 14 14 - 4
114 1 M StP&S S Marie... 1 l*t 1*. 14 — 4
14 1 MStPfcSSMpf.... 1 24 24 24 + 4
45 54 M StP&SSM Isd (4). 110s 8 8 8 —4
264 34 Mo Kan & Texas. 8 54 54 54 — 4
85 104 Mo Kan & Texas pf.. 2 16 154 154 — 4
424 64 Missouri Pacific. 9 84 74 74 + 4
107 12 Missouri Pacific pf. .• 34 174 154 16*. — 4
214 74 Mohawk Carpet. 18 8 8
294 64 Montgomery Ward.. 28 7 4 7 4 74 — 4
4 V* Mother Lode. I 4 4 4 — i,
194 5 Motor Wheel (50c).. 1 54 54 54 — 4
364 814 Mullins Mfg. 1 94 84 84— 4
724 20 Mullins Mfg pf. 20s 21 204 21 +1
184 5 Murray Corp. 3 6 6 6
*0', 15 Nash Motors «2)_ 9 164 154 16
80 124 Nash Chat & St L. .. 110s 164 15 15 -44
104 24 Nat Acme Co. .3 24 24 24-4
10 4 Nat Bella Hess. 30 4 %’ 4 — 4
834 864 Nat Biscuit (2 80)... 34 394 374 374 -14
394 74 Nat Cash Reg (A)... 5 84 ‘84 84 — 4
604 20 Nat Dairy (2.60).... 24 24 23+ 23',
364 16 Nat Dist Prod (2)... 2 184 184 184 — 4
132 784 Nat Lead (5). 1 864 864 864 + 4
143 111 Nat Lead pf A (7)... 20s 118 118 118
444 104 NatPwr&Lt (1).... 7 124 124 124 + 4
Vi 4 Nat By Mex 2d pf... 1 4 4 4
58 184 Nat Steel (2). 3 20 20 20
70(4 5 Nat Supply Co. 11 74 74 74
111 20 Nat Supply pf. 25s 25 25 25 +2
144 44 Nev Con Cop < 40c)..- 6 5 5 5
34 14 Newport Industries. 4 24 24 24
24 24 Newton Steel 1 34 34 34 + V*
1224 244 N Y Central. 167 274 25 254—14
94 5 N Y Chi & St L pf- 7 10 94 91, _ l,
944 17 N Y N H & Hartford. 72 244 224 224 -1
1194 52 N Y N H & II pf (7).. 2 65 65 65 -3
184 54 N Y Ont & Western.. 3 74 74 74
1074 804 NY Steam pf (6)-150s 97 964 964 -K
118 94 N Y Steam 1st pf(7). 20s 105 105 105 +14
294 10 Noranda Mines (2).. 24 134 134 134 — 4
217' 1054 Norf & Westn (tl2). 2 118 118 118
11 24 North Am Aviation.. 2 34 34 34 + Vi
904 26 Nor Amer(blO%stk) 53 314 31 314 + 4
604 144 Northern Pacific (3). 14 184 174 174-4
2 4 Norwalk Tire & Rub. 1 4 4 4 _ 4
18 8 Norwalk Tire & R pf. 10s 184 184 184 + Vi
194 54 Ohio Oil. 5 54 54 54 *
54 4 Oliver Farm Equip.. 7 14 14 14 _ 4
26 24 Oliv Farm Eq pr pf. . 2 44 44 44 — 4
684 164 Otis Elevator (2 4).. 17 17 164 164 + 4
164 34 Otis Steel. 1 34 34 34 — 4
39*4 20 Owens 111 Glass (2). 4 204 204 204 - 4
644 294 Pacific GaS & El (2). 5 33 324 33 +4
1314 934 Pacific Tel&Te]es<7) 520* 95 94 94 -24
114 34 Packard Motor Car.. 90 4 34; 3»; i;
604 54 Par-Pub (blO%stk). 95 8 4 7 4 8 -4
24 4 1’ark Utah. 1 14 14 14
24 4 Pathe Exchange.... 11 \ 4 4 4
84 14 l’athe Exchange (A). 1 ' 24 24 24 — 4
164 44 Patino Mines. 1 74 74 74 +‘4
44 2 Peerless Motor Car.. 5 34 34 34 — 4
464 22 Penick & Ford (1)... 3 264 26 26 - 4
444 264 Penney (J C) (2.40). 21 284 274 274
64 164 Penna Railroad (2).. 49 194 194 194 — 4
250 107 .Peoples Gas Chi 18).. 22 101 97 97 -34
85 4 Pere Marquette. 1 8 8 8
104 24 Petrol Corp of Arri... 11 34 34 34 + 4
254 54 Phelps Dodge Co- 13 64 64 64 - 4
124 24 Phila & Read C & I.. 2 34 34 34 -4
124 8 Philip Morris&Cod). 2 84 84 84
164 4 Phillips Petroleum.. 19 44 44 44 — 4
704 41 Phoenix Hospf (7).. 20* 41 40 40 -1
274 54 Pierce-Arrow. 18 8 8
14 4 Pierce Oil. 14 4 4
34 4 Pierce Petroleum.... 14 4 4
87 194 Pillsbury Flour (2).. *21 21 21 - V*
-.
(Continued on Page 14.)
DECLINE IN STOCK
Early Gains Whittled Away
When Selling pressure
Revives.
BY GEORGE T. HUGHES.
Special Dispatch to The Star.
NEW YCJRK, February 8—The de
cline in the stock market was renewed
today, but on small volume and with a
few Industrials meeting good support.
At the start the list was slightly
higher. an improvement generally
ascribed to the publication after the
close on Saturday of figures showing an
increase In the short interest. This
firmness did uiot last, as individual
stocks came under pressure and the
list slowly gave way.
J. I. Case was the object of consid
erable selling, dropping to a new low
under $28 a share. The decline was
accompanied by reports of new financ
ing. Columbian Carbon made a new
low early in the day. Other stocks to
reveal weakness were International
Business Machines and International
Harvester, both at new lows.
Rails Unsettled.
* The market for the railway shares
was unsettled by the selling in Atchison
and in Union Pacific. Directors of the
latter are scheduled to meet for divi
dend action on Thursday, and it is be
lieved the rate will be reduced from the
present $10 basis, following the example
of the Atchison board. There was no
explanation, however, of the weakness
in Atchison.
Other railway stocks reacted sympa
thetically. Chesapeake & Ohio was
one of those making a new low. As it
stands, about everything has been done
that can be done for the railroads ex
cept to regulate truck competition.
Rates have been advanced and wages
reduced and through the Reconstruc
tion Finance Corporation bond matur
ities and bond interest are to b* cared
for. What is needed now is more
traffic and an upturn in net income.
Until one or both of these appear there
is no incentive on the part of traders
to buy the rails.
Brokers reported a good deal of sell
ing. presumably for short account,
from Palm Beach. Other houses were
said to have liquidating orders from
London. The volume was so small,
however, that no part of the decline
could have been blamed on the general
public.
During the morning the best sup
port was evident in United States Steel.
General Motors and. to a lesser extent,
in American Telephone & Telegraph.
Standard Oil of New Jersey also held
well. The tobacco stocks were weak.
Merchandising stocks yielded, especially
Sears-Roebuck and Woolworth. Out
side of American Telephone the util
ities were neglected.
Opening ITices Higher.
The opening was irregularly higher.
This slight reversal of trend may have
been due to the publication after Sat
urday's close of the short interest fig
ures, which within the last month have
increased almost 27 per cent.
United States Steel at 39was up
•V despite the unfavorable weekly steel
review. Rumors of bond financing for
J. I. Case had little immediate effect,
as the stock opened at 30V up *2
Goodyear Tire <5: Rubber was off •%.
at 1338, following publication of its
1931 earnings. American Telephone at
111*2 General Electric at 19 were
unchanged. International ^Harvester
opened down 1 point at 22. Westing
house Electric at 24'4 and American
Can at 5812 each gained 3«.
Consolidated Gas lost aB at 56'i and
Columbia was down at 12'*, but
fractional gains were recorded by Au
burn Auto at 106*2. du Pont at 48*2.
General Motors at 211 * and Electric
Autolite at 26 V The rails were mixed.
New York Central advanced 34 to 27
and New Haven was up '4 at 23 V but
Chesapeake Corporation was off at
' 1378 and Chesapeake & Ohio declined
4(i to 22 V Missouri-Pacific preferred
j rose a fraction to 16 V Standard Oil
I of N. J. gained 38 at 267s.
NEW YORK BANK STOCKS
- -- —
j NEW YORK. February 8 <£>.—Over
' the-counter market:
B:d Asked
Chase . 33J4 3534
Chat Phenix . 19 21
Commercial Natl . 143 151
' First Natl N Y . ,151ft ,1610
! Manhat Co . 33'4 35*4
i Natl City. 44 46
i Public ...-. 22 24
TRUST COMPANIES.
Bankers . 58 60
j Brooklyn 193 203
Cent Hanover . 136 <40
Chon Bk & Tr.. 3ft * 32 *
! Com Bk & Tr . 14 16
Corn Exch . 59’2 621*
oSmnty
Manufarturers '''.V.'.'.'.'.V.:.':::: M’, 30’.
New York ..4 "
STOCKS EX-DIVIDEND
NEW YORK. February8 —Stocks
i cx-dividend today:
Pe- Pay
Company. Rate.rlod. able.
; Bankers & Shippers Ins .. f 1 Q Feb. 10
Chicago River & led RR *10 A Feb. 15
South Pitts Wet 5u pi *1 2a 8 Feb. 19
Wagner Elec Corp.,.12‘gC Q Mar. 1
Jewel Tea Profits.
CHICAGO. February 8 (>P). —The
Jewel Tea Co., distributor of staple
groceries, reports 1931 net profits of
SI.363.780, equal to S4.87 a share, as
compared with S6.09 the previous year.
Total sales were $13,742,691 for 1931,
a decrease of 11.46 per cent.
Washington Produce
Butter—One-pound prints, 26; tub,
25
* Eggs—Hennery; 17al9; current re
ceiots. 16al7.
Poultry, alive—Turkeys, old toms, loa
18; young toms and hens, 20a22;
chickens, 3 pounds and over, 16al8; 2
to 21- pounds. 20; broilers, 1L, to
2 pounds. 18a20; hens, large. 16al7;
small 15al7; Leghorn hens. 14: roost
ers, 10: keats, young. 45a50; old, 25a35.
Poultry, dressed—Turkeys, old toms,
18a21; young toms and hens, 23a25;
chickens, 3 pounds and over, 19a21;
2 to 2>> pounds. 21; broilers, 1 1 j to
2 pounds. 25a27; hens, large. 22a23;
small. 15al7; Leghorn hens, 17; roost
ers, 13; keats, young, 55a60; old. 50.
Meats—Beef, prime, 12; medium, 11;
lamb, top. 14; medium, 13; veal, top,
15; medium, 14; pork loins. 11; fresh
hams, 13; smoked hams, 16al7;
strip bacon, 16al7; lard. 80-pound
tins, 61-.; package, 7; compounds, 6Vi.
Fruits^—Strawberries, pints, 10&15;
quarts, 30a35; apples, bushel baskets.
T0al.25; fancy.box stock, 2.50; oranges,
Florida, 2.75a3.50: California, 3.00a
3.50; grapefruit. 2.00a2.25; pears, 3.50a
4.00; pineapples, 3.00; grapes. Emper
ors, kegs, 4.50; Almeiras, 5.00; lemons,
4.00a4.50; tangerines, 1.50a2.00; ba
nanas, 2.00a2.50; alligator pears, flats.
2 50a3.00; rhubarb, hothouse, 5 pounds,
1.25; honeydews, Chile, 2.50a3.00;
plums, Chile, 2.50a3.00.
Vegetables — Potatoes, Maine, 100
pound sacks, 1.40; New York, 1.15;
sweets* 50al.00; Idaho . bakers, 2.40;
Bermudas, new. bushel, 1.50; tomatoes,
repacks, 2.50a3.00: squash, white and
yellow, baskets, 1.50; crates, 2.00; let
tuce. Iceberg, 4.00; cucumbers, hot
house, dozen, 1.50: eggplant, 3.50; kale,
45a50; spinach, homegrown, 50; Texas,
90; peas, baskets, 2.25a2.50; peppers,
2.00a2.50; carrots, 3.50a4.00; beets, 2.50a
3.00; broccoli, 2.50a3.00; celery. 3.00a
3.50; mushrooms, 65a90; Spring onions,
dozen, 24; salsify, dozen, 50a60; pars
nips, 1 25al.50; string beans, 2.00a2.50;
artichokes, 4.50a5.00; cabbage, new,
2.25a2.50; old, sacks, 1.00; lima beans.
' 5.C0.
Holiday Closing
Of Exchange May
Be for Two Days
By the Associated Press.
NEW YORK, February 8—Wall
Street is sure of one holiday this week
and is wondering whether it will get
two. Lincoln’s birthday will be ob
served with a cessation of business in
the financial markets, end a petition is
being circulated to close the New York
Stock Exchange on Saturday also.
The board of governors will decide the
question at its Wednesday meeting.
COMPOSITE STEEL
PRICE INDEX SAGS
Lack of Heavier Demand
From Auto Industry Af
fects Production.
CLEVELAND. February 8 —Steel
producers have practically exhausted
the momentum of the post-holiday rise
and have reached a stalemate requir
ing heavier demands from the auto
motive industry and the seasonal track
demands of railroads, the magazine
Steel said.
"Railroad buying appears a certainty,
though in a lesser degree than a year
ago. as soon as adjustments following
the wage reduction are made.” the
magazine said. "The continued ab
sence of Ford is a drag not only to the
steel markets, but also to other low
price automobile manufacturers.
"In the two weeks ended February 6
the average rate of steel production was
281 ^ per cent. Last week Pittsburgh
and Youngstown mills curtailed, but a
substantial rise at Chicago and Buffalo
proved an offset This week Cleveland
and Chicago mills may taper off. but
a further rise at Buffalo is expected to
maintain the average.
"Sentiment continues moderately
strong. January output of steel ingots,
on a daily basis, was 56.203 tons, com
pared with 50,092 tons in December.”
Due to a reduction of $1 a ton in
sheet bars at Cleveland and Youngs
town; $2 a ton In cast iron pipe at
Chicago, and 50 cents in malleable iron
at Youngstown and Pittsburgh. Steel's
iron and steel composite is off 8 cents
to $29.84.
The magazine found the Sino-Japa
nese trouble had little effect in the
steel industry except for suspension of
a few shipments to Shanghai due to
i the uncertainty of delivery.
"No war orders have been placed,”
Steel said, “though Japan's intporta
I tion of 16 348 tons of lead. 82 per cent
of this country's exports in 11 months
last year, now is regarded as signifi
cant.”
INSURANCE RATINGS
SHOWU.S. IS FIRST
Commerce Department Reports Ef
forts Are Being Made to In
crease Foreign Business.
By the Associated Press.
The Commerce Department stated to
day the amount of insurance in force
per capita throughout the world varied
from $2 in India to S943 in the United
States at the end of the calendar year
[ 1929.
Ranking next to the United States
that year, in order, were Canada, with
$640 of life insurance per capita; New
Zealand. $358; Australia. S273: the
United Kingdom. S266; Sweden. $205;
Italy. $152; Norway, $137, and the
Netherlands. $123.
The remainder of the principal coun
tries of the world reported upon had
less than $100. Brazil. Mexico and Ar
gentine preceding India at the bottom
of the list.
It was added, however, that in the
countries showing the least amount of
insurance forces were at work which
promised to produce notable results
within the next few' years.
JANUARY FINANCING
REACHED $60,200,000
Total Is Smallest Amount in Re
cent Years, Statistics Com
pany Reports.
Special Dispatch to The Star.
NEW YORK. February 8.—Stock and
bond financing in January totaled $60.
200.000. according to the Standard Sta
tistics Co. of New York, the smallest
amount reported fer any month of re
cent years, except October, 1931. Bonds
to a total cf $56,100,000 made up prac
tically all of the month's financing.
Detailed figures covering January, 1931
| and 1932, are given below:
(Millions of dollars.!
January.
1931. 1932.
Total financing . S629.8 S60.2
Foreign ...
Non-productive... 152 8 J2 5
Operating and producing.... 477.0 47.7
Refinancing . 237 2 11.8
New money. 239 8 35.9
Total common stocks. 22.4 2.7
Foreign .
Non-productive . 4.8 .
OperatlngVind producing ... 17.6 2.7
Refinancing ...
New money... 17 6 2.7
Total preferred stocks. 62 3 1.4
Foreign ..
Ncn-productive. 53.0 .. ..
Operating and producing... 4 3 14
Refinancing . 0 2
New money. 4 3 1.2
Total bonds. 545 1 56.1
Foreign .
Non-prodactive . 90.0 12.5
Operating and pioducing. . .. 455.1 43,6
Refinancing . 237.2 11 6
New- money. 217.9 32.0
Public offerings—
Common . 2 4 2.7
Preferred . 27 0 0.3
Stock rights. 55.3 1.1
TJ. S. TREASURY BALANCE.
The United States Treasury balance,
announced today as of close of business
February 5. was $618,983,900.28. Cus
toms receipts for the month to date
were $4,646,994.16. Total ordinary ex
penditures were $13,515,338.67.
-•--*
CLEARING HOUSE FIGURES.
Washington Clearing House figures
for today. $3,115,354.09.
REAL ESTATE LOANS
Made at Low^lnterett Ratei
TYLER & RUTHERFORD
Applications Invited on hUh-clast
apartments and dwellinfs, and particu
larly on well located business properties,
for 3. 5 or 10 years, if so desired.
1520 K St. N.W. National 0475
ENTERPRISE SERIAL
BUILDING ASSOCIATION
7th St. and Indiana Are. N.W.
67th Series of Stock Now Open
for Snbacrlption
5% INTEREST PAID
ON STOCK jj
Jams E Connelly, James F. Shea. |
President fiecrctr.T’j
"faTWrnffir*-itfTf 11
U.S. LEADS WORLD
Seventy-five Per Cent of Ma
chines Are Registered in
This Country.
BY CHAS. P. SHAEFFER,
Associated l*ress Business Writer.
Seventy-five per cent of the automo
biles In the world are in the United
States.
A report just made public by the
Department of Commerce shows that !
the world's registrations on January 1, I
1931. totaled 35,805,622 units, of which
26,697.398 were in the United States. I
The United Kingdom had registrations
of 1.529.272, which entitled her to sec- j
end place, followed closely by France!
with 1 459.650, and by Canada with
1.224.098. The Guianas in South Amer- !
ica had the least registrations, French
Guiana having ICO and Dutch Guiana
but twice that number.
Broken down Into classifications, the
statistics showed 79 per cent of the
passenger cars were registered in inis
country, 63 per cent of all motor trucks
anti 22 per cent of all busses.
Total passenger car registeration
numbered 29.933,137, of which 23,
121,059 were in the United States. The
United Kingdom. France and Canada
ranked next with 1.132.381, 1,080,000
and 1.055.861, respectively.
Motor truck registrations amounted
to 5,531.458. of which 3.480,939 were in
this country. France was second with
245.250. England third with 343,429, j
while Canada had 166,606.
United States registerations of motor ,
busses compares less favorably than 1
other motor classifications. Of total of
241 027 registered throughout the world,
this country has but 95.400. a number
still almost twice the number of Eng
land. he next leading country. Her
total amounts to 53,-62. followed oy |
France with 34 400 and by British
India with 25.924. It was explained '
that about 94 per cent of all England's
busses are owned by railroads, which
employ them as auxiliaries to the rail
systems.
World registrations increased l!,
216.373 units during the last five years
on the basis of the department's com
pilation The present figure is equal
to 1.797 vehicles per 100.000 inhabi
tants for the entire world, while the
average in this country alone is 1
vehicle for each 4.5 persons.
LUMBER ORDERS GROW.
[ By the Associated Press.
With production remaining at cur-.
rent low levels, lumber orders for the
| week ended January 30. reached the j
best relationship to cut ever attained !
in recent years of the industry.
T( legraphic reports to the National
Lumber Manufacturers' Association in
ornate new business received at the mills
exceeded the cut of 96.205.000 feet by
I 66 per cent. Shipments from the mills
exceeded production by 50 per cent. 1
First Mortgage Loans
Lowest Rates ol Interest and Commlssla
Thomas J. Fisher & Company. Im
Money on HanJ to Loon on
First Deed of Trust
Q% Interest
Reasonable Commission and
Prompt Replies to
Applications
JAMES F. SHEA
643 Indiana An. N.W.
Profitable
Investment
6(yj Guaranty
fO First Mortgage ;
Securities
! Secured on Income-producing *
properties right here in the NA- [
TION S Capital.
Let us send vou a list of our
current offerings
Denominations as low as $100
Monthly Payments it Desired
Send lor Booklet. "The Succete Plan”
Real Estate
Mortgage & Guaranty
Corporation
1610 K. St. N.W. .National 1403
MpITSYSriNTEREsF
85.00
Saving* Monthly
I
i —will amount to $33f>. 75 In
five >ear*—*7*3.34 k—in ten
years—and V.\03.*.*5 in twentv
years, earning 5r7 interest
with this Association. \ ou
cannot start too soon to pro
vide comfort, success, inde
pendence for future >ears!
• • •
Open Daily 9 to 5
Saturdays L ntil Soon
BUILDING ASSOCIATION
I^!9NINTl^t7N5^J
UMOCR SUPERVISION OP TftfASUftVj
Lincoln's Birthday, Feb. 12th
Abraham Lincoln
Was a Lad of Five
—when this ban k was
founded, in 1814.
TThe reputation of institu
tions, as well as individuals,
survives longest on a foun
dation of integritv.
fThe Metropolitan has kept
faith with customers for One
Hundred and Eighteen years.
15th Street
Opposite U. S. Treasury *
Organized 1879 52nd YEAR COMPLETED
Equitable Co-Operative Bldg. Ass’n
JOHN JOY EDSON, President WALTER S. PRATT. Jr., Secretary
Assets.$6,124,601.00
Subscriptions for the 102nd Issue of Stock Being Received
Save as You Earn
Those who have learned the
_ lesson of systematic saving are
5q always prepared for every cmer
gency. Join the Equitable and
Per Share save sonlct^*n& each pay day.
" 915 F St.
S A F E FIRST M 0 R T G A G E S
LET YOUR SURPLUS
FUNDS EARN
An investment in our
6V2% first mortgages
will yield a most satisfactory and
dependable income straight through
Ozcr a Third the entire period for which the
^ t mortgage runs.
Century For security vou have conserva
• J
Without a tivcly appraised improved Wash
Low ington real estate.
May be purchased in amounts
from $250 up.
B. F. SAUL CO.
National 2100 925 15th St. N.W.
_ > _ _
THERE IS NO SUBSTITUTE FOR SAFETY
__

Evening star. [volume], February 08, 1932, Page A-13, Image 13
About Evening star. [volume] (Washington, D.C.) 1854-1972

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Evening star. [volume], February 08, 1932, Page A-13, Image 13 About Evening star. [volume] (Washington, D.C.) 1854-1972

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Evening star. [volume], February 08, 1932, Page A-13, Image 13
About Evening star. [volume] (Washington, D.C.) 1854-1972