Evening star. [volume] (Washington, D.C.) 1854-1972, February 23, 1932, Image 14

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Evening star. [volume], February 23, 1932, Page A-14, Image 14
About Evening star. [volume] (Washington, D.C.) 1854-1972

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Evening star. [volume] (Washington, D.C.), 23 Feb. 1932. Chronicling America: Historic American Newspapers. Lib. of Congress. <https://chroniclingamerica.loc.gov/lccn/sn83045462/1932-02-23/ed-1/seq-14/>

Newspaper Page Text

TELEPHONE HEADS
Wilson Re-Elected President
and Remon General
Manager.
BY EDWARD C. STONE.
Lloyd B. Wilson was re-elected presi
fent and John A. Remon. general man
ger of the Chesapeake & Potomac
'Telephone Co., by the board of directors
at its regular
tmon t h 1 y meeting
held here today.
Other officers elect
ed were Marshal D.
Sedam, Philip O.
Coffin and John C.
.Koons, vice presi
dents, Walter B
Clarkson, vice'
president and sec
retary. Thomas B.
Clarkson, treasurer,
Harry C. Gretz.
general auditor, and
Ralph A. Van Ors
del, general coun
sel.
Capital expendi
turps for new Plant
Lloyd B. Wilson.
>nd equipment, which will provide ad
ditional facilities for telephone growth
in Washington involving expenditures of
$884,475 were also authorized. This
brings the total amount authorized for
expenditures this year to $2,745,493, ac
cording to a statement made by Mr.
Included in this appropriation is the
Installation of additional central office
equipment in various Washington offi
ces. private branch exchange equipment
and house cable in the Department of
Agriculture and for private establish
ments.
C. & O. Reports January Earnings,
The January report of the Chesa
peake & Ohio Railway Co., just filed
with the Interstate Commerce Commis
sion. shows that gross revenues for the
month were $7,998,323, a decrease of
§2,379,781 under January of last year;
operating expenses were $5,252,845, a
.decrease of $1,617,511, as compared with
January of last year.
Net railway operating income was
$1,951,526, a decrease of $810,120 under
January of last year. The net income
after all charges, including sinking fund
appropriation lor the month of January,
was $1,196,638, a decrease of $891,211
tinder January of last year.
The operating ratio is 65.7 per cent,
compared with 66.2 per cent for Jan
uary of last year, or a decrease of 0.5
per cent.
Bank Stocks in Sharp Rally.
New York bank stocks, which are
widelv held in Washington, rallied fur
ther last week, according to records
compiled by Hoit, Rose & Traster. The
aggregate market value of the 16 lead
ing issues was $1,819,598,000 as of Feb
ruary 20. against $1,689,381,000 on Feb
ruary 13, an increase of $130,000,000, or
8 per cent, for the week.
The average yield of the 16 leading
stocks as of February 20 was 6.98 per
cent, compared with a yield of 7.51
per cent on February 13 and 9.84
recorded on December 17, the highest
average yield reported last year.
t Based upon the February 20 figures,
the 16 issues now are selling at 13.3
times their known current earnings,
against 12.4 times earnings on Febru
ary 13, and at 9.2 times known earn
ings on December 17, the low for 1931.
The current average indicates that
New York City bank stocks are selling
in excess of book value for the first
time since November 14, 1931.
Gockeler Re-elected Director.
C. J. Gockeler, vice president of the
District National Bank, has been re
elected a director of the Chapin-Sacks
Corporation, according to announce
ment made in Richmond foUowing the
annual meeting held in the Virginia
capital. Mr. Gockeler has been a di
rector in this corporation for several
years. He is vice president of the
Washington Stock Exchange.
Local members of the Investment
Bankers’ Association of America have
received word from Chicago headquar
ters that the annual meeting will be
iield at White Sulphur Springs, W. Va„
October 22 to 26, the place and date
just having been fixed by the board of
governors. The 1931 convention was
held at White Sulphur, this being the
first time the organization has held suc
cessive conventions m the same place.
It was chosen because of the absence
of distractions that might interfere with
convention activities.
Peoples Drug Dividends Voted.
Peoples Drug Stores, Inc., has de
clared the regular quarterly dividend of
25 cents on the common payable April
X to stock of record March 8. and
$1.62’2 on the preferred, payable March
15 to stock of record March 1.
David Pender Grocery Co., which has
many stores in Virginia, reports for year
ended January 2, 1932, net profit of
$122,822 after depreciation. Federal
taxes, etc., equivalent after dividend re
quirements on 30.207 no-par shares of
$3.50 Class A preferred stock, to 26
cents a share of 65,070 no-par shares of
common stock. This compares with
$40,741, or $1.34 a share on 30,207
shares of Class A stock in year ended
January 3, 1931.
Net sales for year ended January 2,
1932, were $14,378,103 against $15,975,
117 in preceding year.
Today’s Trading on Exchange.
The Washington Stock Exchange
held an interesting session today fol
lowing the double holiday. The first
sale was a small lot of Washington
Gas Light, which changed hands at
85. the first time this issue has ap
peared on the board in a long time.
Later it sold a point higher at 86.
Mergenthaler Linotype figured in a
20-share sale at 433„, while 20 more
shares moved fractionally higher at
43 Capital Traction held its own
with one sale at 20. Potomac Electric
Power 5’2 per cent preferred recorded
a sale at 103.
Washington Gas 6s. Series B, opened
the bond market, $1,000 selling at 103.
Gas 6s. Series A. sold at 99* 2 and $500
Washington Gas 5s moved at 100*4.
Towson to Address Forum.
The Forum Committee of Washing
ton Chapter. A. I. B„ under the di
rection of A. E. Henze, chairman, will
hold its second meeting of the year
in the American Security and Trust
Building, Thursday evening. Norman
E. Towson, assistant treasurer and
manager of the foreign department of
the Washington Loan & Trust Co., will
speak on "Our Economic Dilemna,” and
lead the discussion.
Mr. Towson is the editor of Wash
ington Chapters magazine, “Dollars
and Sense,” and has been identified
With chapter activities for many years.
Heard in Financial District.
' Chauncey G. Parker, jr, and Albert
G. Redpath, members of the investment
firm of Auchincloss. Parker & Redpath,
are passing a short vacation in Ber
muda.
Wholesale prices decreased .75 per
cent for the week ended February 13,
Bureau of Labor Statistics reports. The
bureau's index stood at 66.2, as com
pared with. 66.7 for the week ended
February 6
“ Prosperity comes faster to those
who save regularly" is the slogan used
on the first 1932 poster which the sav
ings division has prepared for its mem
bers. It also carriers the encouraging
informafton that more than 51,000,000
depositors in the United States have
savings acSpunts.
SILVER QUOTATIONS.
NEW YORK, February 23 (&>).—Noon,
silver futures firm; sales, 1,025,000
ounces. Quotations in cents: March,
31.31; Mav, 31.85: July. 32.26; Septem
ber, 32.50 bid, October,
k. a_
TRANSACTIONS ON THE NEW YORK STOCK EXCHANGE
i Stocks sold la lM-share lots except those designated by letter "8.”
I ^-rrev. 1933-^ Stock and Sales— Net.
I High. Low. Dividend Rate. Add 00. High. Low. Close. Chge.
9% 5 Abitlbi Pwr & Pa pf. 17 7 7
5% 3% Adams Express. 3 5% 6 5 — %
13 10% Addressograph (1).. 1 13 13 13 + %
3% 2% Adv Rumley. 1 3Vi 3% 3%
15% 12% Affiliated prod 1.80. . 4 15 14% 14% — H
69% 46 Air Reduction! t4%) 14 66% 53 53 -2%
16% 11% Alaska Juneau (50c) 23,15% 14% 14% — %
3% 1% Alleghany Corp. 10 2% 2% 2% — %
7% 2% Alleg Cp pf *30 ww. . 1 4% 4% 4% — 14
13 10 Allegheny Steel. 80s 12 12 12
83% 62% Allied Chemical («). 103 79 74% 74% -3%
13% 10% Allis-Chalmers(50c) 1 10% 10% 10%
18% 12% Am Bank Note (2)... 4 14% 14 14 — 1%
% % Am Beet Sugar. 1 % % % + %
73% 54% Am Can Co (f5). 85 69% 64% 65% -3%
8% 6% Am Car & Foundry.. 1 7% 7% 7% — %
34% 25 Am Car-& Fdy pf (7) 30s 30 30 30
26 22 Am Chain pf (7). 1 22% 22% 22% + %
36% 29 Am Chicle (t3). 1 34% 34% 34%-%
9% 6% Am Cornel Alcohol... 11 9 8% 8% — %
10% 7% Am European Secur. 1 9% 9% 9% — %
9% 6% Am & For Power..... 7 7% 7% 7% — %
38% 21% Am & For Pwr pf(7). 3 23% 23 23 — %
17% 11% Am & For Pwr 2d pf. 1 12% 12% 12%
47% 41% Am Home Prod 4.20.. 3 46% 46 46 -1
8% 5 Am International.... 18 7% 7 7 — %
% % Am La France&Fom. 2 % % %
9% 5% Am Locomotive. 1 7% 7% 7% — %
22% 17% Am Mch & Fdy 1.40.. 4 21% 20% 20% — %
19% 15 Am Metals pf. 60s 16 16 16 -1
33 29% Am News (3). 10s 30 30 30
16% 13 AmPwr&Lt (*1>... 6 14% 14% 14% - %
49% 38% Am P & Lt pf A (5).. 2 40 40 40 —4%
8% 6 Am Radiator (40c).. 22 7% 7 7% — %
4 1% Am Republics. 1 3% 3% 3% — %
12% 7% Am Rolling Mills.... 10 11% 10% 10%-%
25% 21 Am Shipbuilding (5). 10s 21% 21% 21%-%
18% 12% Am Smlt & Rfg(50c) 10 15% 15 15%-%
55 41 Am Sm&R 2d pf (6).. 1 51 51 51 -4
% % Am Solv & Chemical. 7 % % %
8% 5% Am Steel Foundry... 2 7% 7 7 — %
80 69 Am Steel Fdry pf (7). 10s 80 80 80
36% 33% Am Stores <t2%)- 1 35% 35% 35%-%
137% 107% AmTel&Teleg <9).. 253 130% 124% 125 —4%
83% 66% Am Tobacco B (t*).. 10 79% 77% 77% -2
110% 105 Am Tobacco pf (6).. 1 107 107 107 +1
32% 24% Am Water Wks (3).. 5 30 29 29 -1%
5% 3 Am Woolen Co 7 5 4% 4% + %
27% 15% Am Woolen Co pf- 84 28% 25% 27 +1
% % Am Writ Paper ctfs. 2 % % % + %
23 22 Am Zinc & Lead pf. .• 2 20 19% 19% —214
12% 8% Anaconda Copper. ... 32 10 9% 9% — %
12 9% Archer-Daniels (1).. 1 11% 11% 11% — %
1% 1 Armour of 111 (A)... 3 1% 1% 1%
% % Armour of 111 (B)... 1 % % %
9% 6% Armour of 111 pf. 1 9 9 9 — %
94 71 Atch To & San Fe(6) 36 82% 78% 78% -4%
86 76% AtchTo&SFe pf(5). 2 83% 83% 83%
10% 8% Atlantic Refining (l)x 3 10% 10% 10%
79% 72% Atlas Powder pf (6). 40s 75 74 75 +2
151% 91% Auburn Auto (f4)... 676 107% 93 95%—12%
3% 2% Aviation Corp (Del). 2 2% 2% 2% — %
8V, 4% Baldwin Locomotive 17 7 7
21% 12% Baltimore* Ohio.... 24 17% 16% 16% -1
41% 27% Balto&Ohlopf (4).. 4 30% 30 30% + %
24% 18V* Bangor*Arostk(2).. 1 20% 20% 20% + %
5% 4 Barnsdall Corp.. 4 4% 4% 4%
43% 35% Beatrice Cream (4).. 9 37% 36% 36% — %
3% 2% Belding-Hemingway. 1 4 4 4 + %
62% 60% BelgNRptpf t4.81. 1 60% 60% 60%-%
18% 15 Bendix Aviation (1). 14 16% 15% 16% — %
24% 19% Best* Co (2). 4 23% 22% 22% -1%
24% 15% Bethlehem Steel. 45 22% 20% 20% —1%
74 60 Bethlehem Stl pf (7) 2 64% 64% 64%
8% 7 Blaw Knox (50c).... 2 8 8 8 +%
22% 17% Bohn Alumn (1%)... 2 20 18 18 -2%
41 34% Borden Co (3). 21 39% 38% 38%-%
12% 9 Borg Warner (1).... 3 10% 10% 10% — %
14% 10% Boston & Maine. 2 11 11 11 — %
10% 7% Briggs Mfg (1). 3 94V 9 9 -%
10% 8 Briggs&Stratton (2). 1 9% 9% 9%
1 % Brockway Mot Trk.. 1 % % %
42% 30% Bklvn-Man Tran (4). 82 44 41 42% +1%
75 68 Bklyn-Man Tr pf (6) 11 74% 72% 72% + %
9% 7% Bklyn & Queens. 2 8% 8 8% ■+• %
2% 1% Brunsw-Balke. 1 2% 2% 2% — %
2 1% Bruns Term & Rwys. 2 1% 1% 1% — V*
2% 1% Budd (EG) Mfgr. 1 2% 2% 2%
3% 3 Bulova Watch. 1 3 3 3 — %
12** 974 Burroughs Add(SOc) 2 11 10*4 10*4 — >4
62 50 Bush Term deb (7) . . 20s 57 57 57
1% 1 Butte Copper* Zinc. 1111
% % Butte & Superior.... 1 % % %
4% 3% Butterick Co. 2 3% 3% 3% - %
19 10% Byers (AM). 32 17% 16% 16% -1
11% 8% California Packing.. 1 10% 10% 10% — %
4 3 Calumet & Hecla.... 13 3 3
7% 5% Camp W&CFdy (1).. 2 6 5% 5% + %
1314 10 Canada Dry (1.20)... 6 11% 11 11% + %
16V* lOVfc Canadian Pacific 1V4. - 20 16*4 15V* 15*» — V4
27 Mi 25M» Capital Ad pf (A) (3) 2 27 26 26 —1
43% 26% Case (J I) Co. 242 37% 34% 35 -2%
75 49% Case (J 1) pf (7)- 10s 68% 67% 67% 42%
15 10% Caterpillar Trac (1). 4 12% 11% 11% — %
22% 7% Cavanaugh-Dobbs pf 60s 20 20 20
5 3% Celanese Corp. 1 3% 3% 3% — %
15 9% CerrodePasco (1).. 18 12% 11% 11%-%
12% 11%' Certain-Teed pf 1 15% 16% 15% +3
31% 21% Ches&Ohio (2%)... 70 24% 23% 23%-%
20% 13 Chesapeake Corp(3). 5 17 16% 16% — %
4% 3H Chi Great Western, .i 3 3% 3 3 — %
15% 9% Chi Great West pf... 2 11% 11% 11% - %
3% 1% ChiMilStP&Pac... 2 2% 2V* 2% - %
5% 2% Chi Mil StP&Pac pf. 4 4% 3% 3% - %
12% 6 Chi & Northwestern. 5 9% 8% 8% — %
6% 3%, Chi Pneu Tool. 1 4% 4% 4% 4 %
16% 8% Chi Rock I & Pacific. 3 11 10% 10% - %
24% 11% ChlRl&Pac«% pf. 1 15% 15% 15%-2
27% 14% Chi R I & Pac 7% pf.. 2 18 16% 16% — 3%
11% 10 Chi Yellow Cab (2) . . lOs 11% 11% 11%
8% 8 Chickasha Cotton Oil 2 8% 8% 8%
7% 5 Childs Company. 2 6 6 6 4- %
15*4 10% Chrysler Corp (D... 51 12% 11% 12 -%
28% 25% City Ice&Fuel (3.60). 1 27% 27% 27%-%
8% 8 Clark Equipment. ... 2 8 8 8
18 15% Cluett Peabody (2).. 1 18 18 18
96 95 Cluett Peabody pf (7) 10s 95% 95% 95% 4 %
118 97% Coca-Cola (t*). 11 114% 112 112 -3
48% 45% Coca-Cola (A) (3)... 1 48% 48% 48%-%
30% 26% Colgate-Pal-P (2%). 3 29% 29% 29% 4 %
9% 7 Collins & Alkman... 5 9% 8% 8% — %
15% 11% Columbia G&El<blV4 21 13% 13% 13%-%
79 64 Col Gas&El pf A (6). 1 70 70 70
38% 28 Columbia Carbon (3) 20 35% 32% 32% -2
10% 8% Comm Credit (1.60).. 3 9% 9% 9% — %
68 56 Cornel Cred lst(6%). 10s 67 67 67
24% 15% Cornel Inv Trust (2). 4 23% 22 22 —1%
69% 58 Comm Inv cv pf(e6). 1 69 69 69
9% 7% Cornel Solvents (1).. 21 9 8% 8%-%
4% 3% Comwlth * Sou(JOc) 4424s 4% 4 4% — %
68% 59 Comwlth&Sou pf (6) 3 66% 65% 65% — %
11 8 Congolm Nairn (1).. 3 10% 10% 10% — %
8% 7% Congress Cigar (1).. 2 7% 7% 7% — %
24% 21 Consol Cigars (5).... 2 23 23 23 - %
5% 3% Consol Film.• 1 3% 3% 3%
11 Vi 8Vs Consol Film pf (2).. 2 lOVa 10V* 10V* —
65% 54% Consol Gas NT (4).. 97 62% 60 60 -2%
93 89 Consol Gas NT pf(5) 5 90% 90% 90% 4 %
10% 9 Consol Laundries(l) 1 10 10 10
% % Consol Textile. 1 % % %
1% % Container Corp (B).. 1 % % % _ ^
7 4% Conti Baking (A).... 3 6 5% 5%
1 % Conti Baking (B).... 9 1 % %
39% 31% Conti Can (2%). 13 38% 36% 36% -1%
1% 1 Conti Motors. ....... 4 lVi 1% 1%
6% 5% Conti Oil (Del). 18 6 6 6
% % Conti Shares. 3 % % %
46 37 Corn Products (I)... 4 44% 43% 43% —1%
129% 126 Corn Prod pf (7).... 10s 126 126 126 — %
4% 2% Coty Inc. 5 3% 3% 3% — %
14 10% Crex Carpet. 1 13% 13% 13% — %
4% 3 Crosley Radio. 1 3% 3% 3%
14% 12 Crown C’k&S (1.20), 3 13% 13 13 - %
24 20% Crown Cork pf (2.70) 1 21% 21% 21% 4 %
23% 15 Crucible Steel. 13 18 18 18 —1%
49% 40% Crucible Steel pf (7). 20s 40% 40% 40% —2V«
12% 12% Cuba R R pf (6). 60s 15% 15% 15% 43%
8Vi 7 Cuban-Am Sugar pf. 10s 7 7 7 - %
34% 30 Cudahy Packing (4). 1 384 334 384 -4
31 22 Curtis Publishlng(2) 3 24 24 24
86 75 Curtis Publish pf (7). 4 79 79 79
2% 1% Curtiss Wright.. 20 2 1% 1% — %
3% 1% Curtis Wright (A).. 4 24 2% 24
72 67 Cushmans pf (8).... 10s 72 72 72
10 7% Cutler Hammer. 1 8% 8% 8% 4 %
5% 3% Davison Chemical... 2 4 3% 3% — %
15% 10 Deere & Co pf (1.40). 1 11 11 11
89% 65% Delaware* Hud (9). 2 86 83% 83% -1
28% 17% Delaware Lack* W.. 4 21% 21 21
15% 12% Diamond Match (1). 3 14% 14% 14% — %
9% 7% Dome Mines (1). 2 9% 9 9%
15% 13 Dominion Storestl% 2 15 15 15 — %
22 19% Dresser Mfg A (3%). 1 21 21 21 -1
57 47% DrugCorp (4). 31 53 51% 51% -1%
59% 46% Dupont de Nem (4).. 84 57% 53% 54 —3
102 98 Duront deNpf (().. 1 101% 101% 101% — %
92 89 Duques Lt 1st pf (5) ■ 10s 91 91 91 +1
4% .i Eastern Boll Mills... 1 4 4 4 — %
87% 68% Eastman Kodak (5).. 24 78% 75 75% —3%
8 4% EatonAxle& Spr 50c. 1 7 7 7 + %
12% 5% Eltlngton-Schild pf.. 3 6% 6% 6Vi + %
31% 23% Elec Auto Lite (4)_ 23 29% 28% 28% — %
100% 97 Elec Auto Lite pf (7). 10s 97% 97% 97% —3%
4 2% Elec&Musical Instru 8 3% 3% 3%
14 10% Elec Pwr* Lt (1)... 13 12% 12% 12% — %
64 47 Elec Pwr & Lt pf (7) . 1 54% 54% 54% +1%
33 25% Elec Storage Bat (3). 2 31 30% 30% — %
50% 44% Eng Pub Svc pf (5).. 2 51 50% 60% + %
10 6% Erie R R. 3 8% 8% 8% — %
1% 1% Evans Auto Prod. ■.. 1 1% 1% 1% — %
7% 6 Fashion Park As pf.. 20s 7% 7% 7% — %
14 11 Fed Dept Stores (1).. 1 12 12 12 —2
27% 20 Fid Ph Fire In(2.60). 2 23% 23 23 — %
15 12 Firestone T * R (1).. 4 13% 13 13
59% 50% Firestone T*R pf(6) 2 56 65% 55% — %
62% 41% First Natl Stra (2%) 4 61 50% 50% — %
% % Fisk Rubber. 9 % % %
% % Fisk Rubber 1st pf.. 100s % % %
11% 8 Foster-Wheeler. 4 10% 9% 9% — %
20% 15% Fourth Nat Inv 1.10. 3 18% 17% 17% —2
6% 2% Fox Film (A). 2 4 3% 3% -t %
19% 15% Freeport-Texas (2).. 6 18% 18% 18% - %
1% 1% Gabriel Co (A). 1 1% 1% 1%
3% 2% Gen Am Investors... 13 3 3
61 49 Gen Am Inv pf (6)..5 1 60 60 60 —1
*4% 28 Gen Am Tank Csr(4) 3 32 31% 31% —1%
15% 11 Gen Asphalt (1)..... 2 12% 12H 12H — %
16% U„ GenBafclag OJ—~W 16% M . 16% -t %
,-Prev 1933—, Stock and Bales— ***•
High Low. Dividend Rate. Add 00. High. Low. Close. Chge.
99% 97 Gen Baking pf (8)... 30s 100 99% 100 +1
38 28% Gen Cigar (4). 3 36% 36 36 1
26% 17% Gen Electric (I SO).. 200 21% 19% 20 2
11% 10% Gen Elec spec (60c).. 6 11 11 11
36*4 31% Gen Food Corp (3)... 24 35% 34% 34% — A
2*4 1% Gen G&E A(b6%stk) 1 2% 2V* 2%
24% 19 Gen Gas&E cv pf (6). 1 20 20 20
37 31% Gen Mills (3). 1 36% 36% 36%- %
24% 19% Gen Motors (2). 149 22% 20% 20 « 1*
867» 80^i Gen Motors pf (5)... 3 841* 84 84 + \
60 44 Gen Prtfr Ink pf (6).. 60s 60 60 60
5 3 Gen Public Service. . 1 4 4 4 —
28% 19% Gen Ry Signal (5)... 3 24% 24 24
16 12 Gen Steel Casting pf. 10s 15 12 12
1% % Gen Theater Equip.. 4 *4 *4 *4
19% 10% GilletteStfRas(l).. 71 18% 17% 17% - %
31 22 Glmbel Bros pf (7).. 1 22*4 22% 22% — 14
62 50 Gillette Saf R pf (5). 4 63 62 63 +2
6 4% Glidden Co. 1 5% 5% 5%
6% 5% Gobel (Adolf). 5 5% 5% 5% - %
19% 16 Gold Dust (2%). 12 17% 17% 17%-%
5% 3% Goodrich (B F).• 2 4% 4% 4%
17 12 Goodrich (B F) pf... 2 15% 16% 15% — %
17% 12% Goodyear T & R (1)6 15% 15% 15% — %
56% 43 Goodyear 1st pf (T).. 1 53% 63% 53% — %
10% 7% Gotham Silk Hosiery 3 10% 10% 10%
4% 2% Graham-Patg#. 4 3% 3 3 — %
3 1 Grand Silver Stores.. 7 1% 1% 1% — %
9 6% Grand Union. 2 8% 8% 8% + %
32% 23% Grand Union pf (31.. 1 32 31 32
13 12% Granite City Steel(2) 1 13% 13% 1314 + '4
29% 25% Grant (W T) (1)- 4 27 26% 27 —1
25 16% Great Northern pf(2) 5 20% 19V4 19% — %
13% 11% Great North Ore(2). 1 12 12 12
6% 5 Great Western Sug.. 2 6% 5% 5% — %
80 68 Great Wn Sug pf(7). 20s 68% 68% 68*4 + %
1% 1 Grigsby Gruncw.... 3 1% 1% 1%
~23 20% Hackensack W (1%) 2 21 20% 20% + *,
27% 26% Hacken Wat pf A 1% 40s 26% 26% 26% — %
2% 1% Hahn Dept Stores... 1 1% 1% 1% — %
19 14 Hahn Dpt St pf (6%). 6 15 15 15 -1
11% 10 Hall(WF)Ptg(a30c). 3 10% 10 10% -
70 65 Hanna pf (7). 10s 68 68 68 +2
1% % Hartman Corp (B).. 1 1% 1% 1%
82 73% Hershey Choc (6)... 1 78*4 78% 78% — %
81% 73% Hershey Choc pf 15.. 1 79 79 79 — *4
11% 10 Holland Furnace (1) 1 11% 11% 11% + %
8 5% Hollander Sons 1 7% 7% 7% — %
130% 110 Homestake M t* *0.. 2 113 112 113 -1
3% 2% Houdaille Hershey.. 2 3% 3% 3% — %
57% 55% Household Fin pf 4.2( 1 56 56 56
23% 16% Houston Oil. 3 20 18*. IS*. —1%
47fe 31* Houston Oil (nsw).. 1 3%* 3% 3% — H
16% 10% Howe Sound (2). 4 11% 11 11 -%
11% 7% Hudson Motor (1)... 44 8 7^ 7% — %
Kgi 34. Hunn Motors. 5 4% 3% 3%
18% 9% Illinois Central. 12 13% 12 12 -2
1% % Indian Motor Cycle.. 1 1% 1% 1%
1% 1% Indian Refining.■ 2 1% 1% 1% — Vi
34 * 23% Indust Rayon (4).... 4 32% 32 32 — %
39% 25% Ingersoll Rand (I).: 173 36% 33% 34 —1%
24 20 Inland Steel (1).£ 2 23% 22% 22% — %
4% 3 Inspiration Copper.. 2 3 2% 2% — %
3% 2% Insur Sh(Md) (28c). 1 3 3 3 — •%.
11% 5% Interboro Rap Trans 29 11% 10 10% + Vs
110% 90% Int Bus Machine(n6) 3 105% 102% 103 —3
18% 14% Int Cement (2). 6 kl7% 17% 17% + %
1% % Int Combustion. 2 1% 1% 1% —
21 4% Int Combustion pf... "8 19% 16% 16% —2%
29% 21% Int Harvester (1.80). 12 24% 23% 23% — %
11% 9 Int Hydro El A (e2). 8 10% 9% 9% - %
24% 15% Int Match pf (4)_ 26 22 19% 20% -2%
9% 7% Int Nickel of Can- 32 8 7% 7% - %
2% 1% Int Paper & Pwr (A) 5 2 2 2
* T4 % Int Paper & Pwr (C). 1 % % % + %
11 7% Int Paper* Pwr pf.. 1 7% 7% 7% — %
23% 19% Int Salt (2). 1 20% 20% 20%-%
44% 36% Int Shoe (3). 1 40% 40% 40%-%
21% 15 Int Stiver. 1 18% 18% 18% + %
12% 7% Int Tel & Teieg(60c). 55 11% 10% 10% — %
11 7% Int Dept Stores (2).. 2 8% 8 8 — %
18 14% Island Cr’k Coal (3). 2 16% 16% 16% +1%
35 30 Jewel Tea (4). 2 33 32Vi 33 -%
25% 15% Johns-Manvllle (1).. 37 23% 21 21% -1%
23% 17% Kan City Sou pf (4). 1 19% 19% 19%
7% 5 K’mann Dpt Strs(l). 3 7 7 7
9% 7 Kayser (J)*Co (1).. 3 9% 8% 8% - %
2% 1 Kelly-Spring Tire... 33 2% 2 2% + %
18 6% Kelly-Spr T 8% pf. . 190s 17'% 15% 17% +1%
37 26% Kendall Co pf (6) .. . 50s 38 38 38 -1-1
4*4 3 Kelsey-Hayes Wheel 12 3*4 3 3 — M
10% 7 Kelvlnator Corp. 32 9% 9% 9% — %
13 9% Kennecott Copper... 41 9% 9% 9%'— %
13% flO Kinney (G R) Co pf. 10s 10% 10% 10% + Vi
19 15% Kresge (S S) (1.60).. 23 16 15% 15%-%
9% 4% Kreuger & Toll 1.61.. 299 8% 7% 7% — %
16% 12% Kroger Grocery (1). , 24 16 15% 15% — %
56% 44% Lambert Co (*). 7 49% 48% 48%-%
75 69 Leh Port Cmt pf (7). 60s 68 68 68 —1
34 1T4 Lehigh Valley Coal.. 1 24 24 2*4 + 4
9 5 Lehigh Val Coal pf. . 1 5% 5% 574
44% 36 Lehman Corp (2.40). 9 41% 40 40 -2%
23 19% Lehn&Fink (5). I 21 21 21
58 45% Liggett & Myers(tS) 1 55 55 55 —3
61 45% Llgg ft Myers B (tS) 5 56% 55 65 -1%
19% 14% Liquid Carbonic (2). 2 18% 18 18 -1
32% 23% Loew'slnc (td). 19 31% 29 29% -1%
3% 2% Loft Inc. 4 3% 3 3
36% 29% Loose-Wiles <t3). — 2 34 34 34 + %
15% 12 Lorillard (P) (1.20). 9 14% 14 14 — %
90% 73% Lorillard (P) pf (7). 1 89% 89% 89% — %
1% 1 Louisiana Oil. 1 1% 1% 1%
22% 19% Lou Gas&El A (1%). 2 22% 22% 22% + %
32% 21 Louisville &Nash(4) 1 24% 24% 24% -1
5 m Ludlum Steel. 1 4’i 4V4 4V4 — %
21 17 McCall Corp (2%)... 1 18% 18% 18%
19 15 McCrory Stores B.... 10s 15 15 15
62% 43 McKeesport TP (4). 49 60% 56% 57 -1
5% 3% McKesson & Robbins 2 4% 4% 4%
23 18% McKes&Rob pf(3%> 1 22 22 22 —14
32% 28% McLellan St pf A(6). 100s 31 30 30
17 12% Mack Trucks (1).... 6 14% 14% 14% — %
60% 47 Mary (RH)& Cotnl). 2 54 53 53 -1%
3% 2% Madison Sq Garden.. 1 3% 3% 3% — %
8% 6% Magma Copper(BOc). 1 7% 7% 7V« — %
1% % Malllson&Co. 3 % % % — V*
38 26 Manhat Kiev gtd (7). 40s 35% 34% 34%+ %
15 7 Manhat Kiev mod gtd 62 16 14 |14% t %
12% 9% Marine Midld(80c).. 2 10% 10% 10%
11 9% Marlin-Rockwell (2) 1 10 10 10
13% 7% Marshall Field & Co. 1 7% 7% 7% - %
18% 13% Mathieson Alklll (2) 1 17% 17% 17% + %
20 16 May Dept Stores 1*0 5 17% 17 17 -1
4% 2% Miami Copper. 3 3% 3% 3% — %
6% 5% Mid Continent Petm., 4 5% 5% 5%
10 7% Midland Steel (3)_ 7 8% 8 8 — %
2% 1% Minn Moline Pow.... 1 1% 1% 1% — %
7% 4% Mo Kan & Texas. 16 6 6
21% 11% Mo Kan & Texas pf.. 3 18 16% 16% -2%
11 5% Missouri Pacific. 4 8% 8 8 — %
26 12 Missouri Pacific pf. .i 14 19% 18 18 — %
25 20% Monsanto Chem 1%1 24% 22% 24% + %
10% 6% Montgomery Ward.. 4t 9% 8% 8% — %
% % Mother Lode. 1 % % %
26 22 Motor Products (2).. 1 23% 22 22 —2%
6Vj 5 Motor Wheel. 1 5*% 5H 6% — Vi
13% 7% Mullins Mfg. 1 11 11 11
8 6% Murray Corp. 11 7% 7% 7%
19% 15 Nash Motors (2)_ 1 17% 17 17 — %
1% % Nat Bella Hess...... 3 % % %
45% 37% NatBiscult (2.80)... 16 44% 43 43 ' - %
130 125% NatBiscult pf (7)... 1 127 127 127 -3
11% 7% Nat Cash Reg (A)... 2 10 9% 9%
28 21 Nat Dairy (2.60)- 39 27% 26% 26%-%
8 3% Nat Dept Strs 1st pf. 50s 4% 4% 4% + H
23% ,17% Nat Dlst Prod (2)... 14 22% 21% 21%-%
15% 12% NatPwr A Lt (1).... 18 14 13% 13%-%
23% 19% Nat Steel (2). 2 22 21% 21% — %
17% 11 Nat Surety (2). 2 14% 14% 14%
9% 6% Nat Tea (1). 1 8% 8% 8% — %
6% 4% Nevada Con Copper.. 6 4% 4% 4%
2% 2 Newport Industries. 4 2% 2% 2%
36% 24% NY Central. 120 31% 28% 28% -2
31% 17% N Y N H & Hartford. 30 ’26% 23% 23% —2%
78% 160 N Y N H & H pf (7) .. 14 65 65 65
8% 6% NY Ont& Western.. 3 7% 7 7
15 12% Noranda Mines (2).. 6 14% 14 14
2% 1% Norfolk & Southern. 1 2 2 2 - %
135 111 Norf & Westn (tl2). 2 132 131 131 -3
4% 2% North Am Aviation.. 1 3% 3% 3% — %
40 29 Nor Amer (blO%stk) 72 37% 35% 36 —1%
47% 41 North Amer pf (3)... 3 45 44% 45 + %
86% 80 North Am Ed pf (6). 1 82 82 82 —1
23% 14% Northern Paelfls (*). 9 19% 19 19 — %
6‘4 5 Ohio Oil. 5 54* 5^4 5^4
22*4 16*4 Otis Elevator (2%).. 3 17H 17 17 _ *4
4% 3*4 Otis Steel. 1 414 4*4 4*4 — *4
42 40 Outlet Co (4). 10s 40*4 40V» 40*4 + *4
27 20 Owens 111 Glass (2). 1 24 24 24 —1
37 32% Pacific Gas & El (2). 3 35% 341* 3514 _ ^
41% 36% Pacific Lighting (3). 1 39 39 39 — %
102 93% Pacific TelATeleg(7) 10* 96 96 96 -1
514 3% Packard MotorCar.. 27 4% 4 4
11% 6% Paramount Publlx... 19 9% 8% 9 — %
114 1 Park Utah. 22 1% 1 1% 4. %
2 1% Parmele* Transport. 4 1% 1% _ 44
1 % Path o Exchange. 2 % % 4, _ %
5% 1% Pathe Exchange (A). 2 4% 4% 4% + %
9 6% Patino Mines. 1 8 8 8 + 14
31% 23 Penlck & Ford (1)... 1 28V4 28 28 —1%
31% 26% Penney <J C) (2.40). 4 30% 30% 30% — %
85 80 Penney (JC) pf A (6) 1 84 84 84
5% 3% Penn Dixie Cmt pf... 2 4% 4 4% + %
23% 17% Penna Railroad (2).. 30 20% 19% 19% _ %
121 94% Peoples Gas Chi <*).. 11 101% 99 99 —3
13 6% Pere Marquette. 4 11 10% 10% — %
17% 6 Pere Marquette pf... 30s 13 13 13 —1
19 8% Pere Marquette pr pf 50* 14% 14% 14% _i%
4% 3 Petrol Corp of Am... 3 31* 3% 3% — %
8% 6 Phelps Dodge Co. 1 6% 6% 6%
39% 35% PhllaCo 6% pf (3)..- 2 38 37% 38 -1%
5% 3 Phila A Read C A I• 24 5% 4% 4% _ %
5% 4 Phillips Petroleum.. 5 4% 4% 41% _ %
41 39 Pierce Arrow pf (6).. 1 38 38 38 —1%
1% % Pierce Petroleum..., 8 % % %
40 30 Pitts United pf. 70* 36 36 36 -1
4% 3% Poor A Co (B). 2444
5% 3% Port Rlc Am Tob(A) 1 4% 414 4%
9 4% Postal Tel&Cable pf. 1 7% 7% 7>i _ %
7 4% Prairie Oil A Gas.... 1 5% 5% 5I, _ ^
8% 6% Prairie Pipe Line.... 10 7% 7% 7»t
2% 1% Pressed Steel Car... 1 2% 2% 2% — %
42% 37% Proct AGamb (2.40). 2 41 40 40%-%
103 95 Proc A Gamb pf (5). 20* 96% 96% 96% — %
1% 1 Producers A Reftn... 1 1 1 1
58% 48% Public Svc NJ (1.40). 7 56 55 55
99% 95 Public Svc NJ pf (*). 11 95% 9514 9514 _ u
_ Public Svc NJ j>f 64 , ^
1 r-Prev. 1932—. Stock and Sales— Net.
High. Low. Dividend Rate. Add 00. High. Low. Close. Chge.
25 15% Pullman Corp (*)... 2 21% 21 21 —1
% % Punta Alegre Sugar. 10 % % %
S'* 3% Pure Oil. 3 4% 4% 4% — %
Bakeries (2). 4 13% 13 13
10% 5% Radio Corp.. 93 9% 9 9 — %
32% 24 Radio Corp pf A 3 %. 2 28% 28 28 — %
18% 9% Radio Corp pf B.... • 8 16 15 15 —1
2% Radlo-Kelth-Orph... 1 5% 5% 5% — %
1*H 9 RRSec 111 C (3%).. 10* 9 9 9 - %
11% 9% Ravbes-Manhat (1). 2 10 10 10 — %
4 2v4 Real Silk Hosiery... 3 3*iii 3N» 3% 4- U
14 I4 Heal Silk Hosiery pf. 20s 14 13 13 —1
3% 2 Remington-Rand.... 2 3 3 3
3% 2% Reo Motor Car. 7 2*‘ 2% 2% — %
6% 4% Republic Steel. 3 5% 5% 5% — %
15 8% Republic Steel pf.... 8 14% 13 13 — 1%
5% 3% Reynolds Spring. ... 1 3 3 3 —1
40Vi 32% Reynolds Tob B (3). 14 37% 37 37 — %
% % Richfield Oil. 3 % % %
2% 2 Rio Grande Oil. 2 2% 2 2%
7% Ritter Rent Mfg. 3 7% 7 7 —1
8% 3% Rossia Ins of Amer.. 1 5 5 5 + %
19% 13% Royal Dutch of NY.. 2 19% 19% 19% — %
51Vj 39 Safeway Stores (5).. 6 49V* 4*% 4(s* — IV*
82 72 Safeway Strs pf (6). 50s 81% 81% 81% +2%
94 76% Safeway Strs pf (7). 20a 87% 87 87 — 1%
10% 7% St Joseph Lead (60c). 2 9% 9% 9')%+ %
6% 3 St L-San Francisco.. 1 4% 4% 4% — %
9% 4% St L-San Fran pf.... 4 6 5% 5%
11% 7% St Louis Southwn... 1 7 7 7 —3
7% 3% Savace Arm. 1 6% 6% 6% + %
4 3 Schulte Retail Stores 13 3 3
% % Seaboard Air Line pf 5 % % %
9 6% Seaboard Oil. 4 8 7% 8
37% 2714 Sears Roebuck (2%). 15 33% 32% 32% — %
5% 4 Serve! Inc. 53 5% 4% 4?* + %
5% 3% Sharp & Dohme..... 3 3% 3% 3% — %
11% 7% Shattuck(FG) (1).. 6 10% 10% 10% — %
4 2% Shell Union Oil.. 3 3% 3% 3% - %
25% 19 Shell Union Oil pf... 1 25 25 25 + %
% V4 Shubert Theaters... 4 % % H — Vi
9% 7 Simmons Co.. 4 8% 8V4 8% — %
6 4% Simms Petroleum... 2 5% 5 5 — %
7% 4Vt Sinclair Consol Oil.. 23 5% 5% 5% — %
4 2% Skelly Oil. 2 2% 2% 2%
16 12 Skelly Oil pfww. ... 2 16% 16% 16% + %
1 % Snider Packing. 1 % % %
4% 1% Snider Packing pf... 1 1% 1% 1%
10% 8% Socon.v-Vacuum (1). 9 10 9% 9% — %
63 40% Solv Am pf wwla1^) 2 53 51 51 —4
32% 29% Southn Cal Ed (2). .. 2 31% 31% 31% — V.
37% 25% Southern Pacific. .. . 43 27% 26% 26% —1%
13 7% Southern Railway... 4 10% 10% 10% — %
95 72 Spald(AG)lstpf(7). 30* 71 69 69 -3
3% 2% Sparks-Withlngton.. 1 2% 2% 2% + H
10 9% Spencer Kellog(80c). 1 9% 9% 9% — %
13% 11% Stand Brands (1.20). 9 12% 12% 12%-%
33 25% Stand Gas&El (2%). 16 30% 27% 28 -2%
41% 31% Stand Gas&El pf (4). 4 35% 34% 34% —2%
% % Stand Invest Corp... 1 % % % +• %
27 22% Stand Oil Calif (2).. 5 24% 24% 24%-%
12% 9 Stand Oil of Kansas.. 2 10 10 10
91% 84% Stand Oil Exp pf (5). 1 84% 84% 84% — 1%
30% 25% Stand Oil N J (f2)... 24 28% 28 28%
6% 5 Stewart Warner. 3 5% 5% 5% — %
14% 9% Stone* Webster (1). 5 11% 11% 11%-%
13% 10% Studebaker Co(1.20). 25 11% 10% 10%-%
31 27% Sun 011(1). 1 30% 30% 30% — %
13% 11 Superheater Corp (1) 1 12V4 12% 12%
% % Superior Oil. 2 % - % %
7% 4V4 Superior Steel. 1 6% 6% 6%
13% 12 Telautograph (1.40). 2 12 11% 11%-%
2% 1% Tennessee Corp. 12 2 2
13% 10 Texas Cod). 12 12 11% 11% — %
26% 20% Tex Gul Sulphur (2). 6 24 23% 23% — %
2% 1% Tex Pacific Coal&Oil. 1 2 2 2 — %
6% 4% Tex Pacific Land Tr.. 3 5% 5% 5% — %
7 5 The Fair. 16 6 6
3 2 Thermoid Co. 2 2% 2% 2% — %
13 8% Third Avenue. 10 12% 11% 11% — %
16 13 Third Nat Inv (1.05). 1 14% 14% 14% — %
9% 7 Thompson Prod 1.20. 1 8% 3% 8% —1
14% 14 Thompson-Staret pf. 3 13% 13% 13% — %
3% 2% Tide Water Asso Oil. 12 2% 2% 2% — %
23 16% Timken Roller B(2). 10 19% 19% 19% — %
5% 2% Tobacco Products. .. 5 5% 5% 5%
Washington Produce
Butter—One-pound prints, 26; tub,
25.
Eggs—Hennery, 14; current receipts,
13.
Poultry, alive—Turkeys, old toms, 15a
18; young toms and hens. 20a22; chick
ens. 3 pounds and over, 16&18. 2 to 2\a
pounds, 20; broilers, l'/i to 2 pounds,
20a22: hens, large. 15al6; small, 15a
16; Leghorn hens. 13al4; capons, large,
fancy, 25a28; medium, 20a23; slips, 18;
roosters, 10; keats, young, 45a50; old,
25a30.
Poultry, dressed—Turkeys, old toms,
18a21; young toms and hens, 23a25;
chickens, 3 pounds and over, 19a21; 2
to 2l/a pounds, 21; broilers, l‘/2 to 2
| pounds, 23a25; hens, large, 19a21;
small, 19a21; Leghorn hens, 17; capons,
large and fancy, 28a32: medium. 20a25;
slips, 20; roosters, 12; keats, young, 50a
60; old, 50.
Meats—Beef, prime, 13; good, 12;
lamb, top, 15; good, 14; veal, top, 15;
good, 14; pork loins, 11: fresh hams,
13; smoked hams, 16; strip bacon. 16;
lard, package, 7 '3; bulk, 7; compound,
6%.
Live stock—Hogs, light and medium,
4.00a4.50; heavy, 3.25a4.00; pigs, 3.25a
4.25; roughs, 2.00a3 00; calves, 4.00a
8.00; lambs. 4.00a6.50.
Fruits—Strawberries, pints, 10al8;
quarts. 20a30; apples, bushel baskets,
75a 1.25; fancy box stock, 2.00a2.25;
oranges, 3.00a4.00; lemons, 4.00a4.50;
grapefruit, 2.25a2.50; honeydews, Chile,
2.25a2.50; pears, 3.50a4.50; alligator
pears, 3 00; pineapples, 4.00; bananas,
50a2.00; limes, per 100, 2.00; rhubarb,
hot house. 1.00; plums, 1.75a2.00; nec
tarines, 2.50; grapes. 3.00a3.50; kegs,
5.00.
Vegetables—Potatoes, Maine, 100
pound sacks, 1.25; New York, 1.15;
Idaho bakers, 2.40; new, bushel, 1.50a
1.75; sweets, 60a85; string beans, 2.00a
2.50; limas, 4.50; peas. 7.50; lettuce,
Iceberg, 3.00a3.50; peppers, 3.25a3.50;
cucumbers, 2-dozen containers, 3.25;
celery, 2.50a3.00; tomatoes, repacks,
2.25a2.50; kale, 50; spinach, home
grown, 50a75; Texas, 85a90; squash,
1.50; eggplants, 3.00; beets, 2.50a3.00;
carrots, 2.50a4.00; cabbage, crates, 2.00
a2.50; broccoli, 4.00; salsify, dozen, 50a
60; parsnips, 1.25al.50; artichokes, 4.50
a5.00; watercress, 75; okra. 3.00; rad
ishes, per 100 bunches, 1.75a2.00; as
paragus, dozen, 3.50a4.00; Spring on
ions, 100 bunches, 2.00: onions, 50
pound sacks, 2.00a2.25; Spanish, 4.00;
mushrooms, 75a90.
WILL CUT OPERATIONS
Republic Steel to Reduce Volume
to 25 Per Cent This Week.
NEW YORK. February 23 UP).—Dow
Jones reports that Republic Steel Cor
portion operations this week will be at
25 per cent of capacity, against 35 per
cent last week.
FOREIGN EXCHANGE.
(Quotations furnished by W B Hibbs * Co.)
Nominal gold Selling checks
value. today.
London, pound. M 8665 13.47%
Paris, franc. 3.91%c 3.94c
Brussels, belga. 13 91c 13.93c
Berlin, mark. . 23 82c 23 75c
Rome, lira. 5.26c 5 21c
Zurich, franc. 19 3c 19.51c
Athens, drachma ... 1.3c .... ....
Madrid, peseta. 19.3c .
Vienna, schilling... 14 07c .
Budapest, pengo. . 17 49c .
Prague, crown (non: 2.964c 2.96V4C
Warsaw, sloty. 11.22c .
Copenhagen, crown . 26 8c is ioc
Oslo, crown. 26 8c 18 88c
Stockholm, crown. . 26.8c 19.23c
Montreal, 1174% discount.
-•-'
NEW YORK BANK STOCKS
NEW YORK, February 23 (JP).—Over
the-counter market.
Bid. Asked.
Chase .. 31% 39%
Commercial Natl . 157 165
First Natl N Y.1670 1770
Manhat Co . 36*4 35%
Natl City . 51% W,
Public . 36% 28%
TRUST COMPANIES.
Bankers . 60% 62%
Brooklyn . 230 240
Cent Hanover . 142 146
Chem Bk & Tr . 34% 36%
Cont Bk & Tr . 15% 17%
Corn Exch . 62 65
Empire . 24 36
Guaranty . 294 299
Irving . 19% 20%
Manufacturers, new. 31% 33s.
New York . 82 95
When Miss Thelma Carpenter arrived
home at Bournemouth after winning
the women’s amateur billiards cham
pionship of England, she was greeted at
the depot by a cheering crowd and had
to pass under an archway of cues held
by arjmto—a, _
PUBLIC PURCHASES
OF STOCKS INCREASE
Records Show Buying Has Con
tinued at Greater Rate During
Bear Market.
BY J. R. BRACKETT,
Written for the Associated Press.
NEW YORK. February 23,-Publlc
participation in stocks of American
corporations apparently increased in
1931 over 1930 In the face of declining
prices and a bear market, according
to an analysis by the Standard Statis
tics Co.
An analysis of 59 representative
stocks showed 5,994,000 stockholders at
the end of 1931, as compared with 5.
202,000 at the end of 1930 and 4,209,000
at the end of 1919.
By percentages, 1931 stockholders in
these 59 companies increased 15 per
cent over 1930 and 42 per cent over
1929, the year of the bull market, and
1930 Increased 25 per cent over 1929.
Figures are not now available to show
whether the total amount of stock out
standing of these companies has in
creased or decreased, but surface re
search Indicates the total number of
shares to be about the same as in 1929
and 1930,
Several reasons are advanced to ac
count for the increase in sharehold
ers and for the Indication that the in
crease represents greater public par
ticipation.
Brokers have reported for some time
a steady sale of small share lots for
cash, even as little as one share, by per
sons obviously not intending to specu
late either for a few points’ rise or fall
in the market. Brokers believe these
sales are laying a foundation for an
extraordinary amount of stock buying
when the market shows a relatively long
period of rising prices. ,
Some of the increase in participation
may be accounted for by employe stock
ownership. Employes purchased stock
on the easy payment plan, but until the
payments were completed the shares
remained listed with the Issuing corpo
ration. Payments were being completed
in 1930 and 1931 and ownership trans
ferred on that completion.
— _
XT. S. TREASURY BALANCE.
By ihe Associated Press.
Treasury receipts for February 19
were $5,584,765.12; expenditures. $8,
712,968.32; balance. $505,806,983 88.
Customs duties for 19 days of February
were $15,614,431.55.
U. S. TREASURY CERTIFICATES
(Reported by Chas. D. Barney A Co.)
Rate—Maturity Bid. Offer
31 «S Aug. 15. 1932.. 100 2-32 100 4-32
234S June 15, 1932.. 100 3-32 100 5-32
2s Ms; 15. 1932. 99 30-32 100
1V«S Sept. 15. 1932. 98 27-32 99 1-32
3s Sept. 15. 1932. 99 30-32 100
I Vi* Dec. 15. 1932 . 99 30-32 100
SS/4S Feb. 15, 1933. 100 4-32 100 6-32
The American Bible Society is 116
years old.
INVEST
—your saving* in
First Mortssss
Securities
Safei Sound, Convenient Denominations
Real Estate Mortgage and
Guaranty Corp.
1610 K St. Nat. 1403
First
Sr 5%%
Available
—to loan on residential
properties located in
Washington and nearby
Maryland and Virginia.
Randall H. Hagner & Co.
(Incorporated)
Mortgage Loan Correspondent
New York Life Insurance Co.
1321 Conn. Ave. DE. 3600
A a
LURAY BANK REOPENED
WITH CAPITAL INCREASE
Special Dispatch to The Star.
LURAY, Va., February 23.—With an
increased capital stock of $25,000, the
First National Bank. Luray, which has
been closed since October 6, was re
opened today. The original capital
stock of the bank was $25,000.
The bank will be operated on a dif-1
ferent basis from which it was formerly |
conducted. While no announcement
has been made who the officers of the
bank will be, it is believed that E. N.
Hershberger, treasurer of Page County,
will be elected president; W. E. Frank
cashier, and Robert W Huffman as
sistant cashier. Mr. Frank was as
sistant cashier of the First National
Bank for about 16 years, while Mr
Huffman for several years has been as
sistant cashier of the Page Valley Na
tional Bank, this place.
POTATO MARKET.
CHICAGO. February 23 (JP).— (United
States Department of Agriculture)—Po
tatoes—203 cars, on track. 260: total
United States shipments Saturday 846;
Sunday 14, Monday 265; weak on Wis
consin, about steady on other stock;
sacked per hundredweight, Wisconsin
round whites, No. 1. 75a80; unclassi
fied, 70a72; Michigan Russet rurals,
75a80; Id&ho Russets, No. 1, 1.35al.45;
Nebraska triumphs, few sales, 1.15.
SHORT-TERM ^SECURITIES.
(Reported by Chas. D. Barney A Co.)
• it, , Bid. Offer.
Allis-Chalmers Co. 5s 1937. 86 90
American Chain Co 6s 1933 . . 65 86
American Tel. * Tel 5%s 1943 102% 102%
Amer. Wat Wks A El. 5s 1934. 88 89
Baltimore & Ohio 4%s 1933_ 83% 83%
Beldlng Hemingway Co. 6s 1936 88
Bethlehem Steel Corp 5s 1936. 93% 95
Canadian Nor. Rwy. 4%s 1935. 89% 90
Chi. Northwestern R. R. 5s 1933 77% 79',2
Chicago Rock Island 4s 1934 .. 64% 64%
Cleve. Lor. A Wheeling 5s 1933. 94 98
Colorado & So. Rwy. 4%s 1935 91% 93%
Commercial Credit Co. 5%s 1935 86 91
Delaware A Hudson Co 5s 1935 88% 107
Denver Sc Rio Grande 4%s 1936 65 % 67
Gen. Mot. Accep. Corp. 6s 1937 1 00 1 00%
General Petroleum Corp. 5s 1940 96 97%
General Public Service 5%s 1939 79% 80
Grand Trunk of Canada 6s 1936 94% 95
Houston E. & W. Texas 5s 1933 96 100
HumDle OH 5%s 1932. 100% 100%
Lacltde Gas Light Co. 5s 1934. 95 96
Louisville & Nashville 5s 1937. 90 97%
New York Cen.t & H 4s 1934. 89% 90
New York. Chi. & St. L. 6s 1932 51% 52
Northwestern Telep 4%s 1934. 80 85
Penna. R. R. Co. 6%s 1936. 100 100%
Portland General Elec. 5s 1935. 85 92%
Republic Iron A Steel 5s 1940.. 82 85
Sinclair Crude Oil Co 5%s 1938 94 % 95
Southern Pacific 5s 1934. 90 92
ft L. I-MS. Ry. R. & G. 4s 1933 78 79%
Union Elec. Lt A Pow. 5s 1933 100% 100%
Union Oil Co. of Calif. 5s 1935 94 99
Virginia Rwy. & Power 5s 1934 97% 98%
Wabash Rwy. Co 5s 1939. 70% 75
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ington and surrounding terri
tory for new high-grade toilet
article on commission basis. Ad
dress Box 481-H, Star office.
PROPERTY MANAGEMENT
Apartment House
MANAGEMENT
CJ"HERE are bound to be per
plexing problems arising in
connection with apartment
house management. But our
service will take care of them—
to your best interest, and relief
from worry.
It’s a specialized service we
render for a nominal fee.
B. F. SAUL CO.
925 15th St. N.W. Natl 2100
MORTGAGE LOANS
<-Piev 1932^ Stock and Sales— Net. i
High. Low. Dividend Rata. Add 00 High. Low Close. Chge.
6 2N Transamertca Corp.. 45 5-N 5% 5'*
4'4 2N Trl-Contl Corp.'T_ 12 3N 3N 3N
30 26 Trlco Products(2 N). 2 30 29*. 29N + N
3N 1*4 Truax Traer Coal... 1 IN IN IN — N
4 2Vi Twin City RapTran. 5 3N 3N 3N - *4
2 Ulen & Co. 1 2N 25« 2N — '•
23 14N ITnd-Ell-Fisher (2) . . 3 20 20 20 — '4
34', 2714 Union Carb (2.60). .. 26 32N 31 31 -1
13N ION Un Oil of Calif (1.40) 2 12 11N 11N - N
94'* 65 Union Pacific (10)... 54 85'. 78N 80 -6N
16*4 944 Unit Aircraft. 37 15*4 14'* 14U — U
25'* 201* Unit Biscuit (2). 2 23 22', 22', —
12’. 9', Unit Carbon. 1 11', llu llu — U
IN 1 Unit Cigar Stores... 9 IN 1 1 — N
10', 8 Unit Corp (75c). 40 944 8N 8N — N
38'4 31'a Unit Corp pf (3). 6 37'. 37 37
4N 3 Unit Electric Coal... 3 3N 3N 3\ — *4
28 20 Unit Fruit (3). 3 25U 24*, 24*. — u !
21 17U Unit Gasilraf 1 20).. 22 20', 19'* 19N _ 14
92', 86U Unit Gas&Im pf (5).. 1 89'. 89", 89*1 +1'.
3N 2N U S & Korn Secur.... 13 3 3
24N 18N US Gypsum (1.60).. 5 23'i 22N 23
30*. 21N U S Indus Alcohol... 51 28’, 25N 26 — N
2*4 IN U S Leather. 1 2U 2', 2N
5Vj 4 U S Leather (A).... 1 5'4 5'4 5U + 14
15N 10N U S Pipe & Fdry (2). 5 14N 13N 13N —
15N 14N U S Pipe&Fy 1st 1.20 2 14N 14N 14N — N
8N 5N U S Realty & Imp_ 2 8 7*4 8
5N 3N U S Rubber. 1 4'. 4V» 4U + N
10N 7u u S Rubber 1st pf. . . 12 8'4 8 8 — 1,
17 14N USSmtg* Ref (1). 6 16'/. 16 16 + u
52N 35*, US Steel (2). 313 48*, 45N 45N -2N
113 98N U S Steel pf (7). 2 109 107', 107', -IN
44N 27 United Stores pf (4). 2 44N 44U 44', — L
10N 8U UtilPwr&LtA (2). 12 87, 8N 8N — N
81 77 Univ Leaf Tob pf(8) 10s 80 80 80
% % Vadsco Sales Corp... 1 % a, % _ yj,
18% 11% Vanadium Corp. 29 17% 15% 15% —l'i
% % Va-Car Chemical.... 1 % % %
4% 3% Va-Car Chem 6% pf. 3 3% 3% 3% + %
29% 19% Vulcan D’tlnnlng (2) 40s 26% 25% 25% — %
4 1 Wabash RR. 2 3 3 3 — %
6 1% Wabash R R (A) .... 1 4 4 4 _ V»
19 11% Waldorf Sys (1%).. 4 16% 16% 16% — %
3 2 Walworth Co. 2 2% 2% 2% _ %
2% 1% Ward Baking (B)... 6 2 2 2 — %
4% 2% Warn Bros Pictures. 7 3% 3 3 — %
1% 1 Warner Quinlan. ... 1 1% 1% 1%
17% 10% Warren Bros cv pf 3. 20s 15% 15% 15% + 1,
7 3% Warren Bros. 1 5% 5% 5% _ 1% j
2 Tit Webster Eisenlohr. . 3 1 % % 1^
21 20% Webster-Eisenlhr pf. 10s 24% 24% 24% +3%
15% 12%. Wesson Otl&Sno(2). 11 13% 13 13 %
76 61% West Pa El pf (7)... 10s 70 70 70 2
95 83 West PaPwrpf (6). 70s 94 93 94 92
3% 2% Western Dairy (B).. 3 3 3 3
7% 4% Western Maryland.. 16 6 6
4 2% Western Pacific. 1 2% 2% 2% — %
50 33 Western Union (6).. 17 46% 44% 441, _ %
17% 12 Westlnghse A B(2).. 3 15% 15 15 — %
35% 19% Westinghouse (2%). 274 32% 29% 29% -2%
72% 61% Westinghse 1st (3%) 20s 69% 68 68 -2
10% 8% White Motor. 19 9 9 ._
28 21% White Rock (4). 2 26% 26% 26% -1%
1 % White Sewing Mach. 6 % % % _ u.
5 3% Wilcox Oil & Gas.... 1 4% 4% 41%
3 2% Wlllys-Overland.... 2 2% 2% 2% — %
44% 36% Woolworth (2.40)... 100 43% 42 42 —1
23% 15% Worthington Pump.. 8 21 19% 19% _i%
30% 25 Worth Pump B (6). . 1 27% 27% 27%
57 54% Wrlgley (Wm) (4).. 2 50 ' 49% 49% — %
3% Yellow Truck. 1 3% 3% 3%
17% 12% Ygstwn Sheet&Tube. | 2 17 16% 16%
1% % Zenith Radio. 2 % % %
8% 6% Zonite Prod Corp (1) 10 8% 8 8
Sales of Stocks on New York Exchange.
10:30 A.M. 200.000 12:00 Noon. 500 000
1:30 P.M. 700.000 2:10 P.M. 800^000
Dividend rates as given In the above table are the annual ea*h
payments based on the latest Quarterly or half-yearly declarations
•Ex-dividend, s Unit of trading less than 100 shares, t Partly
extra, t Plus 4% in stock, a Paid thla year—no regular rata#,
e Payable in cash or stock, f Plus 8% in stock, h Plus 2% la
stock, i Plus II In special preferred stock, k Plus 3% in stock
2%^*'In i?toc/ear~n0 reBUl*r ral®' nPlus 5%^tn stock, p Plus
STOCKS IRREGULAR1
Break in Auburn Auto Brings
Out Selling, but Losses
Are Reduced.
BY GEORGE T. HUGHES.
Special Dispatch to The Star.
NEW YORK. February 23—Unset
tled by a wide-open break In Auburn
Auto, the stock market today showed
general reactionary tendencies, although
the early weakness was succeeded by
some recovery in the later trading.
The market opened lower all around
in continuation of the movement in
effect at the close on Saturday. The
feature of the first two hours was the
spectacular weakness in Auburn Auto.
The stock opened down a point and
then without intermediate recovery,
slumped, sometimes a point between
sales, until it was off more than 15
points on the day. At this stage sup
port was encountered and a feeble re
covery ensued.
Various reasons were ascribed for the
weakness in Auburn. One was the gen
eral falling off in motor car sales in
January, as evidenced by the registra
tion of new passenger cars. Another
was an impaired technical condition in
the stock, which has been repeatedly
bid up for no other reason than that it
w»as known to harbor a large short in
terest. Another story was that a large
block of stock was being liquidated.
Whatever the cause, it unsettled the
general list
During this early weakness Peoples
Gas dropped below par for a loss of
nearly 3 points. Allied Chemical. Con
solidated Gas and American Telephone
were under mild pressure. In the rail
way group Atchison and Union Pacific
sold off. Most of these losses were re
covered after the market steadied and
all through the selling there was good
support for United States Steel, which
at midday was a shade higher on the
day. The oil stocks were noticeably
steady and the local tractions very
strong. Brooklyn-Manhattan Transit,
and Manhattan Modified made new
highs for the year, responding to re
ports that a satisfactory unification
plan would be agreed upon.
iiauing was in small volume DOtn on
the early recession and on the subse
quent recovery. It did not look as
though there was much short selling,
but on the other hand there was no
sign of Investment buying and the
market was left to the in-and-out
traders, with even these unwilling to
take a position. In so far as the cam
paign of the administration to combat
deflation requires a higher stock mar
ket. support from banking interests may
be expected. If there was any such
support in today’s market, it was in
the better grade of industrials.
Among the minor features were a
new low for Hudson Motors and a new
high for General Baking preferred.
Preferred stocks have been under quiet
accumulation for some time, moving
mere with bonds than with the com
mon shares.
-♦ — ... i ■
STOCKS EX-DIVIDEND
NEW YORK, February 22 <JP).—
_ Pt- Pay
Company Rate. riod. able
Atlantic Refining.25c Q Peb 21
Coats ij ft P), Ltd. ord reg . 6d .. Mar. 31
Durham Dup Razor pr pf...50c Q Mar 1
Pint Natl Bank <8t Loum 25c M M»r II
COLUMBIA
BUILDING
ASSOCIATION
PAYS
5%
New Accounts Solicited
No Commissions
Charged for Loans
Open Until 5:30
Government Pay Days
716 11th St. N.W.
Under Government Supervision
Increase
Your
Income
By Investing
In 6%
1st Mortgages
—on conservatively ap
praised Properties in the
District of Columbia and
Maryland.
Low Denominations May Be
Purchased
For Farther Portlealaro Apply
WEAVER BROC
YY REALTORS O
Washington Bldg. Di. 9486
Mortgage Loan Correspondent.
Metropolitan Lite Insurance Co.

Evening star. [volume], February 23, 1932, Page A-14, Image 14
About Evening star. [volume] (Washington, D.C.) 1854-1972

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Evening star. [volume], February 23, 1932, Page A-14, Image 14
About Evening star. [volume] (Washington, D.C.) 1854-1972