Evening star. [volume], February 25, 1932, Page A-14, Image 14

About Evening star. [volume] (Washington, D.C.) 1854-1972

Image provided by: Library of Congress, Washington, DC

                
D. C. POWER FIRM
NET INCOME GAINS
January Financial Statement
Reveals Increase Over
1931 Figures.
BY EDWARD C. STONE.
According to the Potomac Elec
tric Power Co.’s financial statement
for January, filed with the Public
Utilities commis
sion today, total
net income
amounted to $502,
024.94 against
$422,656.95 in Jan
uary, 1931, an in
crease of $79.
367 99, the report
Indicating a much
larger demand for
light and power
than a year ago,
In spite of the
warm w'eather.
Operating reve
nues totaled $1,
070.641.73. com
pared with $964,
450.53 a year ago, Richarl Whitney,
an increase of
*106.191.20. Revenue deductions called
for $503,187.82 against $495,611.76 in
the like month in 1931, an increase of
*7,576.06, leaving a net operating reve
nue of $567,453.91. compared with
$468,838.77, a gain of $98,615.14.
Miscellaneous income showed a fall
ing oft of more than $12,000, leaving
gross corporate income of $579,783.84
in comparison with $439,648.28 in Jan
uary 1931, or an increase for the
month of $86,135.56. Deductions from
gross required $77,758.94 against $70,
991.33 in the first month of 1931, an
increase of $6,767.57, and leaving the
above mentioned substantial gain in
net income of well over $79,000.
January Retail Trade Lower.
The Federal Reserve Bank of Rich
mond reported today that sales in 34
department stores in the fifth district
in January made the most unfavorable
comparison with sales in the corre
sponding month of the preceding year
that has occurred in a number of
years. Part of the decline this year
is due to lower prices, and part to ex
ceptionally unseasonable weather for
Winter trade.
Stocks on the shelves of the report
ing stores declined an average of 8.7
per cent in January, a seasonal re
duction, and at the end of the month
averaged 10.9 per cent less than stocks
or. hand a vear earlier. Probably most
of the decline in stocks during the
year is accounted for by price reduc
tions. . „„ .
Collections in January averaged 28.5
per cent of receivables outstanding at
the beginning of the month, a lower
percentage than 30 per cent collected
in January, 1931, the Richmond bank
says.
The report stated that retail trade
in Washington department stores was
off 16.3 per cent, in Baltimore, 19.7 per
cent, and in Richmond, 22.1 per cent,
compared with last January. The aver
age for the fifth district as a whole
was down 18.9 per cent, while a group
of cities outside of Washington, Balti
more and Richmond showed a slump
of 22.1 per cent.
W. R. A E. Earnings Hit Hard.
Taxicab competition in January struck
a hard blow against the earnings of
the Washington Railway & Electric Co.
in comparison with net income in Janu
ary, 1931, or before the present low taxi
cab rates went into effect. The monthly
report was filed wtth the Public Utilities
Commission today.
January operating revenues amounted
to $403,443.60. against $474,570.93 in
1931; while operating expenses and
taxes called for $355,006.15, compared
with $392,130.59, leaving an operating
income for the month totaling $48,437.
.45, while the corresponding figure a
year ago stood at $82,440.34.
Non-operating income was $23,
761.42, against $22,816.60. Gross In
come, less operating expenses and taxes,
amounted to $72,198.87 In comparison
with $105,256.94. Deductions from
gross totaled, $54,027.16, against $55,
414.60 in January, 1931.
The usual deductions left the Wash
ington Railway & Electric Co. with a
total net Income for January of $18,
171.71, compared with $49,842.34 in the
like month in last year, a falling off
of $31,670.63. *
Whitney Visits Washington.
As noted in yesterday’s Star, Rich
ard Whitney, president of the New York
Stock Exchange, testified before a
congressional committee in connection
with the move to check short selling
in the stock market. Mr. Whitney has
always taken the position that short
selling is a help to the market and,
therefore. Congress should not legislate
against it. He insisted that short sell
ing has been particularly beneficial dur
ing the present depression, even claim
ing that without it the stock market
would have been forced to close.
Insurance Manager Honored.
Aubrey J. Voorhees, manager of the
Washington office of the Aetna snd
affiliated companies, has just been
transferred to the company's branch at
Albany. In appreciation of his splen
did work in the Insurance Club of
Washington, of which he was president
last year, the members held a special
luncheon meeting yesterday at the
Racquet Club at which he was the
guest of honor.
The club president, Elmer L. Mantz,
presided, and Edward S. Brashears, the
club's general counsel, was toastmaster.
Mr. Voorhees. who has been very active
in the insurance business here for 10
years, was paid a glowing tribute by
his associates, after which he was pre
sented with the largest dictionary the
club could find, and with several ether
gifts.
His place in the Aetna’s office here
Is to be taken by J. E. Lewis, w^ho has
been superintendent of the bonding de
partment of the Philadelphia office.
Trading on D. C. Exchange.
Washington Gas 6s, 'series A, figured
in two $100 and one $200 sale on the
Washington Stock Exchange today at
100. A small transfer in Potomac Elec
tric Power 5 >2 per cent preferred was
recorded at 10 3 34, ex dividend.
Secretary Mills announced that the
Treasury will sell on next Monday,
$100,000,000 in 91-day Treasury bills,
on a discount basis to the highest
bidder. They will be dated March 2,
and mature on June 1, when they will
be paid off at their face value.
liie money received from the sale
of the bills will be used to retire $100,
000,000 in bills which become due on
March 2.
Heard In Financial District.
The Hagerstown Chamber of Com
merce has appointed a committee to
appear before the Interstate Commerce
Commission, February 24, to protest
against the allocation of the Western
Maryland Railway to the Baltimore &
Ohio Railroad.
Chauncey G. Parker, jr., and Albert
G. Redpath. of the Investment banking
firm of Auchinclaus, Parker & Redpath,
have returned from a vacation trip to
Bermuda.
The second forum meeting of the year
of Washington Chapter. American In
stitute of Banking, takes place this eve
ning in the American Security & Trust
Building, Norman E. Towson, speaker.
The meeting is open to all Institute
graduates.
U. S. TBEASUBY BALANCE.
By the Associated Press.
Theasury receipts for February 23
were *7,360.839.26; expenditures. *48,
868,664.64, and balance, *464,240.637.19.
Customs duties for 23 days of February
rrre $17,806,313.59.
TRANSACTIONS ON THE NEW YORK STOCK EXCHANGE
Stocks sold la 100-shart lots except those designated hr letter “I.”
^Prev. 1833 ^ Stock and Sales— Met.
Hlch. Low. Dividend Rate. Add 00. Hlth. Low. Close. Chce.
5 2 Abltlbl Pwr A Paper. 1 2% 2% 2%
9% 5 Abltibl Pwr A Pa pf. 17 7 7
6% 3% Adams Express. 3 5 4% 4% — %
67 55 Adams Exp pf (5)... 70s 61% 61 61 - %
3% 2% Adv Rumley. 2 3% 3% 3%
15% 12% Affiliated prod 1.60.. 9 16% 14% 14%-%
59% 46 Air Reduction(t4% ) 6 56 55 J55% — %
16% 11% Alaska Juneau (50c) 100 16 13% 14% — %
3% 1% Alleghany Corp. 11 2% 2% 2% —IV*
7% 2% Alleg Cp pf $30 ww.. 1 4% 4% 4%
83% 62% Allied Chemical («).. 40 76% 75 76% — %
13% 10% Allls-Chalmerst50c) 3 11% 10% 10%
7% 5% Am Agrl Chem(Del). 1 5% 5% 5% — %
18% 12% Am Bank Note. 10 13 12% 12%-%
47 40 Am Bank Note pf (3) 20s 45 45 45
73% 54% Am Can Co (t5). 201 67% 65% 67% + %
8% 6% Am Car & Foundry.. 4 7% 7% 7% + V*
34% 25 Am Car A Fdy pf (7) 40s 29% 28 28% -1%
26 22 Am Chain pf (7). 1 21 21 21 -1%
9% 6% Am Cornel Alcohol. .. 21 9% 8% 8% — %
9% 6% Am A For Power.... 30 7% 7% 7%-%
38% 21% Am AForPwrpf(7). 3 23% 23 23 - %
17% 11% Am A For Pwr 2d pf. 1 12% 11% 11%-%
6 4% Am Haw St’ship (1). 1 5% 5% 5% — %
47% 4114 Am Home Prod 4.20.. 3 46% 45% 45% — V*
17% 12 Am Ice (2). 1 15 15 15 + %
8% 5 Am International.... 22 7% 6% 7%
22% 17% Am Mch A Fdy 1.40.. 11 20% 19% 20% + %
33 29% Am News (3). 20s 30 30 30
16% 13 AmPwr A Lt ($1)... 4 14% 14% 14%-%
58 48 AmPwr A Lt pf (6). 2 52% 52% 5254-1%
49% 38% Am P A Lt pf A (5).. 2 40 40 40 - %
8% 6 Am Radiator (40c).. 14 7% 7% 7% - %
4 1% Am Republics. 2 3% 3 3 — %
12% 7% Am Rolling Mills.... 43 12% 10% 11%+;%
26% 21% Am Safey Raz (3).... 1 24 24 24 — %
18% 12% Am Smlt A Rfg(50c) 6 15% 15 16%
55 41 Am SmAR 2d pf (6).. 2 60 49 49 —2
85 73 AmSm&Rfgpf (7). 2 75 75 75 +1%
% % Am Solv A Chemical. 3 % % % + %
1% % Am SolvA Chem pf.. 2 % % %
8% 5% Am Steel Foundry... 3 6% 6% 6% — %
36% 33% Am Stores (t2%).... 1 35% 36% 35%
88% 67% Am Sugar pf (7)....i 1 70% 70% 70%-%
6 3% Am Sumatra Tob.... 1 4% 4% 4% + %
137% 107% Am Tel A Teleg (9).. 238 127% 124% 127 - %
83% 66% Am Tobacco B (t$).. 10 80% 79% 80% + %
32% 24% Am Water Wks (3).. 1 29% 29% 29%+%
5% 3 Am Woolen Co 13 5% 6 5% - %
30% 15% Am Woolen Co pf 102 30% 28% 30% - %
% % Am Writ Paper ctfs. 2 % % %
12% 8% Anaconda Copper. ... 29 9% 9% 9% — %
70% 70 Anchor Cap pf (6%). 3 75 75 75 +4%
12 9% Archer-Danlels (1).. 3 11% 11% 11%
94 90 Archer-Dan pf (7)... 10s 94 94 94
1% 1 Armour of 111 (A)... 10 1% 1% 1%
% % Armour of III (B)... 10 % % % — %
3 1% Arnold Constable.... 1 2% 2% 2%
9% 8 Associated OH 30s 7% 7% 7% — %
94 71 Atch To & San Fe(6) 5 79% 78 79%-%
86 76% Atch ToAS Fe pf (5). 6 82% 82% 824*-%
41% 25% Atl Coast Line (4)... 2 28% 28% 28% -1%
10% 8% Atlantic Refining (1) 3 10% 10 10 — %
151% 91% Auburn Auto (f4)... 403 100 87 91% -7
^1%~ 2% Aviation Coro (Del). 2 2% 2% 2% - %
28% 16% Baldwin Loco pf. 20s 20 20 20 -1
21% 12% Baltimore*Ohio.... 12 17 16% 17 -%
41% 27% Balto&Ohlo pf (4).. 1 30 30 30 - %
96 85 Bamberger pf (6%).. 90s 99 99 99 +3
5% 4 Barnsdail Corp. .4 4% 4% 4% + %
43% 35% Beatrice Cream (4).. 3 37 36% 36%-%
43 39% Beech-Nut Pkg (3). . 1 40 40 40 -2%
4 2% Belding-Hemingway. 6 4% 4% 4% + %
62% 60% Belg N R pt pf t4.81. 10 60% 59 59 -1%
18% 15 Bendix Aviation (1). 7 16% 15% 15% — %
24% 19% Best* Co (2).x 14 22% 21% 21%-%
24% 15% Bethlehem Steel. 28 21% 21 21% — %
22% 17% Bohn Alumn (1%).. 1 19% 19% 19% + %
41 34% Borden Co (3). 20 39% 38% 39 — %
10% 7% Briggs Mfg (1). 5 9% 9% 9% - %
43% 30% Bklvn-Man Tran (4) - 93 46% 43% 46 + %
75% 68 Bklyn-Man Tr pf (6) 20 75% 74% 75 -%
9% 7% Bklyn & Queens 1 9% 9% 9%
55 46% Bklyn&Queens pf (6) 1 57 57 57 +2
85 72% Bklyn Union Gasi5). 1 82 82 82 - %
7% 5% Bucyrus-Erie cv pf.. 1 6% 6% 6% + %
2% 1% Budd (EG) Mfg 1 2% 2% 2%
18 15% Bush Terminal(2%). 1 17% 17% 17% +1%
62 50 Bush Term deb (7).. 20s 54 53 54
% % Butte & Superior.... 1 % % % + %
19 10% Byers (A M). 67 17% 16% 17%
11% 8% California Packing. . 1 10% 10% 10% + %
7% 5% Campbell-Wyant Fy. 4 6% 6% 6% + %
13% 10 Canada Dry (1.20)... 3 11% 11 11%
16% 10% Canadian Pacific 1%. 37 15% 15)4 15% — %
43% 26% Case (J I) Co. 231 36% 35 36% - %
15 l6% Caterpillar Trac (1). 5 11% 11% 11% —^%
4 1% Cavanaugh-Dobbs... 20s 2% 2% 2% — N
15 9% Cerro de Pasco (1).. 11 11% 11% 11% — %
81% 21% Ches&Ohlo (2%)... 40 23% 23 23%-%
20% 13 Chesapeake Corp(S). 1 17% 17 17% — %
4% 3 Chi Great Western, .t 13 3 3
15% 9% Chi Great West pf... 2 11% 11 11%-%
3% 1% ChiMilStP&Pac... 4 2% 2% 2%
5% 2% Chi Mil StP & Pac pf. 10 4 4 4
12% 6 Chi & Northwestern. 4 8% 8% 8% — %
6% 3% Chi Pneu Tool. 1 4% 4% 4% — %
16% 8% Chi Rock I* Pacific. 9 10% 10% 10%
8% 8 Chlckasha Cotton Oil 1 8% 8% 8%
15% 10% Chrysler Corp (D... 29 12% 12 12% — %
28% 25% City Ice&Fuel (3.60). 2 27% 27 27%
68 64 City Ice&Fuel pf 6%. 100s 64 63% 63% +1
2% % City Stores. 2 1 1 1
8% 8 Clark Equipment.... 2 8 8 8
18 15% Cluett Peabody (2).. 1 17% 17% 17%-%
118 97% Coca-Cola <tS). 2 114 113% 113% —1%
48% 45% Coca-Cola (A) (S)... 1 48% 48% 48%
30% 26% Colgate-Pal-P (2%). 1 29 29 29 - %
90% 87 Colg-Palm P pf (6).. 1 91 91 91 +2
15% 11% Columbia G*El(bl% 24 14% 13% 14
38% 28 Columbia Carbon (J) 3 34 33% 34 -1
10% 8% Comm Credit (1.60>. 6 9% 9% 9%
24% 15% Cornel Inv Trust (2). 19 23% 22% 23% +1%
94% 90 Cornel Inv Tr pf 6% . 100s 90 90 90
69% 58 Comm Inv cv pf(e6). 1 70 70 70 +1%
9% 7% Comm Solv (60c)- 14 8% 8% 8%
4% 3% Comwlth & Sou(30c). 86 4% 3% 3%
68% 59 Comwlth&Sou pf (6) 6 66% 65 65 - %
10 9% Conde Nast Pub. 1 9 9 9 — %
8% 7% Congress Cigar (1).. 1 8 8 8 + %
24% 21 Consol Cigars (5).... 4 23% 22% 23%-%
59% 62 Consol Cgrprpf 6%. 40s 56% 56% 66%
6% 3% Consol Film. 1 4 4 4 + %
11% 8% Consol Film pf (2).. 1 10% 10% 10% + %
65% 54% Consol Gas N Y (4).. 66 62% 61% 62% + %
93 89 Consol Gas NY pf(5) 2 90% 90% 90% + %
10% 9 Consol Laundries(l) 2 9% 9% 9% -%
% % Consol Textile. 5 % % % — %
7 4% Conti Baking (A)- 1 6% 5% 5%
46 40 Conti Baking pf (*).. 1 45 45 45
39% 31% Conti Can (2%). 16 38% 37% 37%-%
24% 19 Cont Insur (2 40).... 2 23 23 23 +1%
6% 5% Conti Oil (Del). 15 6% 6 6
% % Conti Shares. 29 % % %
46 37 Corn Products (*)... 2 43% 43% 4H3 - %
14 10% Crex Carpet. 3 14% 14 14% + %
4% 3 Crosley Radio. 2 3% 3% 3%
2% 1% Crown Zellerback.... 1 1% 1% 1% — %
49% 40% Crucible Steel pf (7). 10s 40% 40% 40%-%
% % Cuba Cane Products. 1 % V* %
15% 12% Cuba R R pf (6). 40s 15% 15 15%
34% 30 Cudahy Packing (4). 2 34 33 33 - %
2% 1% Curtiss Wright.. 3 1% 1% 1%
3% 1% Curtis Wright (A).. 1 2% 2% 2% - %
5% 3% Davison Chemical... 4 4% 3% 4% + %
15% 10 Deere * Co pf (1.40). 2 11 11 11
89% 65% Delaware & Hud (9). 1 83 83 83 -2
122 107 Detroit Edison (8).. 2 111 109% 109% -1%
15% 12% Diamond Match (1). 2 14% 14% 14%-%
24 21% Diamond Mtch pf 1% 2 23% 23% 23% — %
9% 7% Dome Mines (1). 6 9% 9% 9% — %
15% 13 Dominion StorestlH 1 15 15 15
13% 7% Douglas Aircraft (1) 2 11% 11% 11% + %
57 47% DrugCorp(4). 15 53 62% 53 — %
101% 101% Duplan Silk pf (8)... 30s 90% 90 90 -11%
59% 46% Dupont de Nem (4).. 98 65% 54% 55%
87% 68% Eastman Kodak (5). 19 78% 76 78% — %
119% 116 Eastman Kod pf («). 10s 118 118 118 -1%
8 4% EatonAxle& Spr 50c. 3 6% 6% 6% — %
1% % Eitlngton-Schild_ 1 % % %
31% 23% Elec Auto Lite (4)... 25 29% 28% 29 -%
2% 1% Electric Boat. 1 1% 1% 1% + %
4 2% Elec&Musical Instru 19 3% 3% 3% — %
14 10% Elec Pwr * Lt (1)... 10 12% 12% 12%-%
33 25% Elec Storage Bat (3) 5 30% 30% 80% — %
% % Elk Horn Coal pf. .. . 200s % % % — %
36% 25% Endicott-Johnsont3) 1 32% 32% 32% — %
26 18 Eng Pub Svc (1 40). . 2 22 20 20 —2
52 46 Eng P S pf ww (5%) 2 55 54% 54% +4%
69 42% Eng Pub Svc pf (6).. 3 60 58% 60 +3
13% 7% Erie R R 1st pf. 1 10 10 10 - %
6 3% Eureka Vac Cleaner. 2 4 4 4 —1
1% 1% Evans Auto Prod. ... 1 1% 1% 1% — %
7% 5 Fashion Park As pf. : 10* S 5 6 —2%
5% 3% Fed Water Service A 1 4% 4% 4%
27% 20 Fid Ph Fire In(2.60). 3 23% 23% 23%-%
16 12 Firestone T A R (1).. 1 13 13 13
69% 50% Firestone TAR pft6) 3 56 55% 56 +1
62% 41% First Natl Str* (2%) * 2 50% 50% 50%
% % Fisk Rubber. 6 % % %
20% 15% Fourth Nat Inv 1.10. 1 18% 18% 18% +1
5% 2% Fox Film (A). "3 3% 3% 3%
19% 15V* Freeport-Teia»(2). ■ 20 18% 17% 17% — %
17% 11 Gamewell Co (1)- 10* 11% 11% 11% — %
34% 28 Gen Am Tank Cart4) 4 32 31% 32 -%
17 11 Gen Baking (2). 5 17 16% 17 +%
5% 4 Gen Cable (A). 7 4% 4V* 4% — %
26% 17% Gen Electric (1.60).. 196 20% 19% 20% — %
11% 10% Gen Elec spec (60c). 11 11 11 11 •
36% 31% Gen Food Corp (3)... 21 35% 35% 35%-%
2% 1% GenGAEA(b6%stk) 4 2% 2 2 -%
37 31% Gen Mills (3). 1 36% 36% 36%
24% 19% Gen Motors (2). 239 21% 20% 21%-%
86% 80% Gen Motors pf (5)... 5 8414 84% 84% + %
4 3% Gen Outdoor Adv... 2 4 3% 4
9 6 Gen Outdoor Adv (A) 1 8% 8% 8% — %
14 11% Gen Printing lnk(2). 20* 13V* 13V4 13V* - %
5 3 Gen Public Service.. 3 4 3% 4
28% 19% Gen Ry Signal (5)... 6 25 24% 25 ■+1
1% % Gen Theater Equip.. 10 % % %
19% 10% Gillette Stf Ra*(l).. 74 19% 18% 19%
63 60 Gillette Saf R pf (5). 2 62% 62 62% -t 1
6 4% Glldden Co. 1 5% 5% 5% - <%
19% 16 Gold Dust (2%). 17 17% 16% 17 -%
5% 3% Goodrich (B F). 1 4% 4V4 4%
17% 12% GoodyearTAR (1). 2 15% 15% 15%-%
66% 43 Goodyear 1st pf <T).. 2 64 68 53
11% 7% Gotham Silk Hosiery 2 11 10% 11 - %
^Prev. 1932—, Stock and Sales— __ 21**'
High. Low. Dividend Rate. Add 00. High. Low. Close. Chge.
4% 2% Graham-Palge. 4 3 3 3 _
7% 5% Granby Consol (50c). 1 6% 6*« ®** .
3 1 Grand Silver Stores.. 4 1% 1% 1% *
9 6% Grand Union. 1 8V* 8% ®%
32% 23% Grand Union pf (I).. 2 32 32 32
29% 25% Grant (W T) (1)_ 2 27% 27% 27% - vs
25 16% Great Northern pf (2) 6 20% 19% 20
13% 11% Great North Ore(2).. 2 12% 12V* 12%
6% 5 Great Western Sug.. 1 4% 4% 4% - %
1% 1 Grigsby Grunovv.... 6 1% 1% vV*
2% 1% Hahn Dept Stores... 1 1% Pi P* ~ £
19 14 Hahn Dpt St pf(«%). 1 15 15 15 -r %
11% 10 HallCWDPtgtaSOc). 2 10% 10% 10%
15 9% Harb * Walker (50c). 3 10% 10% 10% + %
1% 1% Hayes Body Corp.... 2 IV* 1% 1% %
73% 71 Helme (GW) (t7)... 1 71% 71% 71%
82 73% Hershey Choc (6)... 2 80% 80% 80% + %
11% 10 Holland Furnace (1). • 1 11 11 H “7
8 5% Hollander Sons. 1 7% 7% 7% + %
130% 110 HomestakeM tS.SO.. 1.112 112 112-1
3% 2% Houdaille Hershey. . 4 3% 3% 3% %
57% 55% Household Fin pf 4.2< 2 55% 55% 55% — %
23% 16% Houston Oil. 9 19% 19 19 - %
30% 26% Hudson* Man (3%) 1 28% 28% 28%-%
11% 7% Hudson Motor Car... 2 8 7% 7% %
5% 3% Hupp Motors. 2 3% 3% 3% - %
18% 9% Illinois Central. 9 13% 13% 13% — %
36 -29% Illinois Cent 11 (4).. 20s 30 28V. 28% -3%
1% % Indian Motorcycle.. 1 1% 1% 1%
34 23% Indust Rayon (4).... 5 33% 32% 33% + %
39% 27% Ingersoll Rand (3).. 11 35% 34 35% +1%
3% 2% Insur Sh(Md) (28c). 1 2% 2% 2%
12% 5% Interboro Rap Trans 66 12% 11 12%
4% 3% Interlake Iron. 3 4 3% 4
110% 90% Int Bus Machine(n6) 3 104% 103% 103% -2%
1% % Int Combustion. 2 1% 1% 1%
21 4% Int Combustion pf... 4 16% 16 16 —1%
29% 21% Int Harvester (1.80). 12 24 23 24 + %
108 101% Int Harvester pf (7). 250s 100% 100% 100% -1%
11% 9 Int Hydro El A (e2). 14 9% 9 9% - %
24% 15% Int Match pf (4)_ 35 19% 16% 18%-%
9% 7% Int Nickel of Can_ 33 7% 7% 7% - %
85% 80 Int Nick Can pf (7). . 3 80 79 80 + %
% % Int Papef & Pwr (C). 1 % % %
30 24% Int Printg Ink pf (6) 100s 35 34 35 +9%
44% 36% Int Shoe (3). 4 40 39% 39%-%
21% 15 Int Silver. 1 18% 18% 18%-%
12% 7% Int Tel * Teleg(60c) 1620s 10% 10% 10%-%
2% 1% Investors Equity.... 2 2 2 2
25% 15% .iohns-ManvllU (1)! 33 22% 21% 22% + %
7% 5 K'mann Dpt Strs( 1). 1 7% 7% 7%
9% 7 Kayser (J)*Co (1).. 1 8% 8% 8% - %
2% 1 Kelly-Spring Tire... 2 2% 2 2
18 6% Kelly-SprT3% pf... 500s 17% 17% 17% + %
10% 7 Kel vinator Corp. 38 9% 9% 9% - %
13 9% Kennecott Copper... 17 9% 9 9% — %
2% 1% Kinney (G R) Co- 1 1% 1% 1% - %
13% 10 Kinney (G R) Co pf. 10r 10 10 10 -%
19 15% Kresge (SS) (1.60).. 10 16% 15% 16% + %
9% 4% Kreuger* Toll 1.61.. 442 7% 6% 7% - %
16% 12% Kroger Grocery (1).. 12 15% 15% 16% + %
66% 44% Lambert Co (8). 3 48 47 47 - %
6% 5% Leh Port Cement__ 2 6% 5% 5% — H
76 68 Leh Port Cmt pf (7). 10s 68 68 68
3% 1% Lehigh Valley Coal.. 12 2 2
44% 36 Lehman Corp (2.40). 3 41% 40% 41% + %
23 19% Lehn&Fink (3). 1 20% 20% 20%
58 45% Liggett & Myers(to) 2 54 54 54
61 45% Ligg & Myers B (t5) 2 55% 55 55 —1%
19% 14% Liquid Carbonic (2). 2 17 17 17 -1
32% ?3% Loew's Inc (t4). 22 31% 30% 30% - %
3% 2% Loft Inc. 13 3 3
36% 29% Loose-Wiles (t3)_ 1 33% 33% 33% - %
15% 12 Lorlllard tP) (1.20). 17 14% 14% *14%
90% 73% Lorlllard (P) pf (7). 1 90% 90% 90% + %
32% 21 Louisville & Nash(4) 3 26 24 26 +1%
~ 17 McCall Corp (2%)... 4 20 20 20 + %
62% 43 McKeesport T P (4). 24 59% 58 59%
16% 14% McIntyre Pore M (1) 5 14% 14% 14%-%
3% 2% McLellan Stores.... 1 21* 2% 2%
17 12% Mack Trucks (1)_ 12 16 14 15 + %
60% 47 Macy(RH)&Co(n8). 7 54 53% 53% + %
3% 2% Madison Sq Garden.. 2 3% 3% 3% + %
38 26 Manhat Elev gtd (T). 110s 38% 36% 38% +1%
17% 7 Manhat Elev mod gtd 59 18% 16 17% + %
12% 9% Marine Midld(80c). . 3 10% 10% 10% + %
11 9% Marlin-Rock well (2) 1 10 10 10
18% 13% Mathleson Alkili (2) 1 15% 15% 15% - %
105 104% Mathleson Aik pf(7) 100s 100% 100% 100% -4%
6% 5% Mid Continent Petm. 2 5% 6% 6% — %
10 7% Midland Steel (3)... 3 8 7% 8
12% 7 M StP & SSM lsd (4) 70s 10 9% 9% + %
21% 11% Mo Kan & Texas pf.. 2 17% 17 17% +1
11 5% Missouri Pacific. 1 8% 8 8%
26 12 Missouri Pacific pf.. 4 19 18% 18% — %
10% 8 Mohawk Carpet. 1 8% 8% 8% — %
25 20% Monsanto Chem 1 % .. 2 24 23% 24
10% 6% Montgomery Ward.. 14 9% 9 9 — %
13% 7% Mullins Mfg. 1 10% 10% 10%-%
14% 10% Munsingwear (1.40). 1 15 15 15 + %
8 5% Murray Corp. 39 8% 8 8%
19% 15 Nash Motors (2)- 18 17% 17% 17%-%
1% % Nat Bella Hess. 11 % % % + %
45% 37% Nat Biscuit (2.80)... 9 43% 43 43%-%
11% 7% Nat Cash Reg (A)... 5 9% 9% 9% - %
28 21 Nat Dairy (2.60)- 37 27% 27 27%+%
8 3% Nat Dept Strs 1st pf. 20s 5% 5% 5% +1%
23% 17% NatDlstProd (2)... 86 23% 22% 23 + %
31% 31 Natl Dlst pr pf 2 %.. 2 32 31% 32 + %
120 113 NatLead pf A (7)... 40s 120 120 120 +3
15% 12% NatPwr&Lt (1).... 7 14 13% 13%-%
17% 11 Natl Surety. 11 12% 11% 12% +t%
36% 24% N Y Central. 64 30% 28% 30% — %
16% 6% N Y Chi A St L pf.... 3 10 9% 9% - %
125 105 N Y& Harlem (5)... 20s 112 112 112
2 1% N Y Investors. 5 1% 1% 1% — %
31% 17% N Y N H & Hartford. 20 25% 24% 25%-%
8% 6% N Y Ont & Western.. 7 7% 7% 7% + %
6% 4 N Y Shipbuilding- 9 5% 5% 5% + %
55 49 N Y Shlpbldg pf(7).. 30s 52 51% 52 +1
105 102 N Y Steam 1 st pf (7). 10s 105 105 105
15 12% Noranda Mines (2).. 6 14% 14 14 - %
135 111 Norf & Westn (tl2). 3 126 126 126 -2%
4% 2% North Am Aviation.. 5 3% 3% 3%
40 29 Nor Amer(blO%stk) 45 37% 36% 37 - %
68 68 Northern Cent (4).. .1000s 68 68 68
23% 14% Northsrn Pacific (2). 4 19% 19% 19%-%
28 25 Northwest Tele (3).. 10s 28 28 28 +1
6% 5 Ohio Oil. 3 5% 6% 5% - %
3% 1% Omnibus Corp. 2 3 2% 3 + %
22% 16% Otis Elevator (2%).. 3 17 16% 16%-%
4% 3% Otis Steel. 2 4 3% 3% - %
110 104% Outlet Co pf (7). 20s 110 110 110
"37 32% Pacific Gas & El (2). 6 35% 35 35 - %
6% 3% Packard Motor Car.. 43 4 3% 4
11% 6% Paramount Publlx.. 46 9% 9 9 — %
4% 3 Park 6 Tilford. 2 4 4 4 +1
1% 1 Park Utah. 11 1 1 — %
6% 1% Paths Exchange (A) 10 4% 4% 4% + %
31% 26% Penney (JC) (2.40). 4 31. 30% 30% + %
5% 3% Penn Dixie Cmt pf... 3 5% 5 5% + %
23% 17% Penna Railroad (2). . 14 20 19% 19% — %
86% 75 Peoples D S pf (6 %). 80s 95 95 95 +8%
121 94% Peoples Gas Chi (3). 2 99% 97% 99,%-%
17% 6 Pere Marquette pf... 30s 12 11 11 —2
19 8% Pere Marquette pr pf 20s 14 14 14
4% 3 Petrol Corp of Am... 1 3% 3% &% — %
8% 6 Phelps Dodge Co.... 20 6% 6 6 — %
5% 3 PhilaAReadCAI.. 2 4% 4% 4%
9 8% Philip MorrlsACo(l). 1 8% 8% 8% + %
5% 4 Phillips Petroleum.. 6 4% 4% 4%
41 38 Pierce Arrow pf (6).. 2 38 38 38
22% 20% Plllsbury Flour (2).. 1 21% 21% 21%-%
1% 1 Pitts United Corp.. 1 2 2 2 + %
5% 3% Port Rlc Am Tob(A). 5 4% 4% 4%
8% 6% Prairie Pipe Lins.... 4 7% 7% 7%
2% 1% Preseed Steel Car... 1 2% 2% 2% + %
11 6% Pressed Steel Car pf. 1 8% 8% 8% - %
42% 37% Proct AGamb (2.40) 7 40% 40 40 - %
103 95 ProcAGambpf (5). xlOs 95 95 95
1% 1 Producers A Refln... 6 1 1 1
58% 48% Public SvcNJ (3.40) 7 56% 55% 56% + %
82% 78 Public Svc NJ pf (5). 1 81% 81% 81% + %
5% 3% Pure OH. 5 4% 4% 4% + %
15% 10% Purity Bakeries (2). 3 13V* 13 13% + %
- -
ION. 5Vi Radio Corp. 109 9% 8% 9Vi - Vi
32% 24 Radio Corp pf A 3 % . 2 25 24% 25
18% 9% Radio Corp pf B. 8 15% 14% 14% -1%
7 2% Radio-Keith-Orph... 4 5% 5 5% + %
4 2% Real Silk Hosiery... 3 3% 3% 3% + Vi
3% 2 Remington-Rand.... 1 ? 2% 2%
3% 2% Reo Motor Car. 12 2% 2% 2%
6% 4Vi Republic Steel. 9 5% 5% 6%
40% 32% Reynolds Tob B (3). 23 37% 37% 37% — %
% % Richfield OH. 2 % % % + %
8 7 Ritter Dent Mfg.... 17 7 '7
51% 39 Safeway Stores (5).. 41 51% 49% 50% + %
82 72 Safeway Strs pf (6). 10a 80 80 80 -1%
94 76% Safeway Strs pf (7). 90s 87 85% 85% -1%
6% 3 St L-San Francisco.. 1 4% 4% 4% + %
9% 4% St L-San Fran pf.... 67 6% 6 6% — %
11% 7 St Louis Southwn... 1 8% 8% 8% +1%
7% 3% Savage Arm. 11 7% 6% - 7 + %
4 2% Schulte Retail Stores 1 2% 2% 2%
9 6% Seaboard Oil. 2 7% 7% 7%
37% 27% Sears Roebuck (2%) 15 33% 32% 33 - %
5% 4 Servel Inc. 73 5% 5 5(4
11% 7% Shattuck (F d) (1).. 3 10% 10% 10%+ %
4 2% Shell Union OH.. 7 3% 3% 3%
25% 19 Shell Union Oil pf... 2 22% 22% 22% — %
9% 7 Simmons Co. 2 8% 8 8 — %
6 4% Simms Petroleum... 15 5 5
7% 4% Sinclair Consol Oil.. 11 5% 5% 5% — %
4 2% Skelly Oil. 13 3 3
10% 8% Socony-Vacuum (1). 28 10 9 10
32% 29% SouthnCa! Ed (2)... 2 31% 31% 31%
37% 25% Southern Pacific.... 14 28 26% 28 — %
13 7% Southern Railway... 3 10% 10% 10% — %
20% 11 Southern Railway pf Z8 12% 11% n% -3%
95 66 Spald(AG)lst pf (7). 80a 67 67 67 +2
6% 6 Spicer Mfg. 2 6 6 6
13% 11% Stand Brands (1.20). 196 18% 11% 12% -1
119'% 114% Stand Brands pf (7). 3 116% 116% 116% — %
33 25% Stand Gas&El (3%). 7 29% 28% 28% — %
41% 31% Stand Gas&El pf (4). 5 34% 84% 34% — %
27 22% Stand Oil Calif (2).. 22 24% 24% 24%
91% 84% Stand OH Exp pf (5). 2 86 86 86 +1%
30% 25% Stand Oil N J <t2)... 13 28% 28 28 - %
1% N. Sterling Secur (A).. 11 X 1
23% 20 Sterling Secur cv pf. 4 20% 20% 20%
14% 9% Stone & Webster (1). 7 12% 11% 11% — %
18V* 10% Studebaker Co(l.20). 13 10% 10% 10% — %
% % Superior Oil. 2 % % %
7% 4% Superior Steel. 1 6% 6% 6%
12 Texas Co (if.. 64 11% 11% 11%-%
26% 20% Tex Gul Sulphur (2). 13 23% 23% 23% + H
f. , ■.
I
I /-Prey. 1933--, 8t0ek and Sales— Net.
Hlth. Low. Dividend Rate. Add 00. Blah. Low. Close. Chse.
44 Tex Pacific Land Tr. 3 54 64 64
29 26V. Thatcher MfK pf 3.60 1 26V. 264 264 -1%
13 84 Third Avenue. 1® 12% 124 124 + 4
1% % Thompson Starrett.. 1 1% 14 14 — V.
34 24 Tide Water Asso Oil. 5 24 24 24
274 20 Tide Water As pf (6). 1 214 214 214 - Vi
6 4 Timken-Detroit Axle 2 44 44 44 — V.
23 164 Timken Roller B(2). 6 194 19% 19% - 4
54 24 Tobacco Products... 9 54 54 54 — 4
44 24 Tobacco Products ct. 1 34 34 34 — V*
6 24 Transamerlca Corp.. 15 54 54 54 — 4
44 24 Trl-Contl Corp. 16 34 34 34
564 42 Trl-Contl Corp pf (6) 1 51 51 51 —4
64 54 Truscon Steel. 4 64 6 6 —4
Z(74 Union Carb (2.40)... 6* si - %
137* 10% Un Oil of Calif(1.40) 1 12% 12% + %
94% 65 Union Pacific (10)... 25 83 80V* 81% — %
167* 9*4 (jn)t \ircraft. 105 16% 14% 16% + 7*
25% 20% Unit Biscuit (2). 1 22% 22% 22%
1% 1 Unit Clear Stores.... 1 1,4 1V4
107* 8 Unit Corp (40c). 98 9V* 8% 87* — Vi
38v* 317* Unit Corp pf (I). 2 37 367* 37
4% 3 Unit Electric Coal... 1 8% 3% 3% — V*
28 20 UnitFrult(3). 4 25% 25% 25% + %
21 17V* Unit GasAImt 1.20).. 15 20 19% 20
11 87* Unit Pice Dye W(l)., 1 8% 8% 8% — %
3% 2% USA Forn Secur. ... 4 3 3 3
50% 44 U S AFor Sec pf(6). 1 47 47 47
8 5% U S Freight. 2 67* 6% 6Vi — V*
24% 18% USGypsum (1.60).. 2 23% 23% 23% + %
30% 21% US Indus Alcohol... 57 28% 27 27% + %
■ 5% 4 U S Leather (A).... 1 5% 5% 5% — %
15% 10% U S Pipe A Fdry (2). 3 14% 14% 14% + %
15% 14% U S PipeAFy 1st 1.20 1 15% 15% 15% + %
8% 6% U S Realty A Imp.... 2 8% 8 8
5% 3% US Rubber. 1 4% 4% 4% + %
17 14% USSmteARef (1).. 2 16V* 16 16 - V*
38% 36% U S SmteAKef pf 3 % 1 38 38 38 - %
52% 35% US Steel (2). 327 48% 46 48 + %
113 98% US Steel pf (7). 3 107% 106% 106% -1%
44% 27 United Stores pf (4).x 3 4374 43% 43V* + %
20 16 Univ Leaf Tob (3)... 1 20 20 20 +1%
50 37 Univ Pic 1st pf (*).. 10s 48% 48% 48% — %
^Prev. 1932-* Stock and Sales— Net.
High. Low. Dividend Rate. Add 00. High. Low Close. Chge
10% 8% Util Pwr&Lt A (2). 62 8% 7% 8 - %>
% % Vadsco Sales Corp... 6 % H %
20 17 Vadsco Sales pf. 1 17 17 17
18% 11% Vanadium Corp. 41 17% 16 17
29% 19% Vuledn D'tlnning (2) 20s 25% 25 25 — %
6 1% Wabash R R (A)_ 2 4 4 4 - V*
2% 1% Ward Baking (B)... 3 2% 2 2% + H
40 85 Ward Baking pf (7). 1 37% 37% 37% -1%
4% 2% Warn Bros Pictures. 23 3% 3 3
7 3% Warren Bros. 2 6% 5% 6% — Vi
17% 10% Warren Bros cv pf 3. 20s 15 15 15 — %
14 12% Warren Fdy&P 1.20 1 13 13 13 — %
16% 12% Wesson Oil&Sn «).. 12 12 11 11 -1%
50 47% Wesson O&Sn pf<4). 1 47% 47% 47% — Vi
70 53 West Pa El pf (6). .. 10s 65 66 65
76 61% West Pa K1 pf (7)... 10s 70 70 70
108% 98 West Pa Pwr pf (7). 10s 107 107 107 + %
3% 2% Western Dairy (B).. 2 3 3 3
7% 4% Western Maryland. . 16 6 6
6% 3% Western Pacific pf.. 1 4% 4% 4% — %
50 33 Western Union (6).. 19 46 44% 45 -lVi
35% 19% Westlnghouse (2%). 201 30% 28% 30 -%
72% 61% Westinghse 1st (3%) 60s 70 69 70 +2
10% 8% White Motor... 8 9% 9 9% + %
5 3% Wilcox Oil & Gas_ 6 5 4% 5
3 2% Willys-Overland- 8 2% 2% 2%
44% 36% Woolworth (2.40)... 97 43% 42% 43%
23% 15% Worthington Pump.. 9 18% 17% 18% — %
8% 6 Wright Aeronautical 60s 7% 7% 7% + %
5 3H Yellow Truck. 5 3»i 3V4 3>4
1714 12% Ygstwn Sheet&Tube. '1 15 15 15 -114
8*4 61i Zonlte Prod Corp (1) 6 8>4 814 814 + H
Sales of Stocks on New York Exchange.
10:30 A M. 200.000 l’: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 cash
payments based on the latest quarterly or half-yearly declarations.
•Ex-dlvldend s Unit of trading less than 100 shares t Partly
extra. : Plus 4% In stock, a. Paid this year—no regular rates,
e Payable In cash or stock. f‘ Plus 8% In stock, h Plus 3% la
stock. 1 Plus >1 In special preferred stock, k Plus 3% in stock,
m Paid last year;—no regular rate, n Plus 3% In stock, p Plus
214% In stock.
RATE WAR VERDICT
TO SET PRECEDENT
« —
Contest Between Utility Firm
and Montana Commission
Is Argued.
fcY GEORGE E. DOYING.
The right of a public utility to fix
rates as low as it pleases in engaging
in a rate war with a competitor is be
ing considered by the Supreme Court of
the United States, following the hearing
of arguments yesterday in the famous
Shelby (Mont.) gas controversy.
The Montana Public Service Com
mission is appealing to the Supreme
Court from a decision of a three-judge
Federal court holding that the Great
Northern Utilities Co. need not comply
with an order Issued by the commission
requiring the utility to establish rates
for natural gas on a level with those
charged by the Citizens’ Gas Co., in
Shelby.
The case has been bitterly contested
.during the last three years before the
Montana commission, in the State
courts and finally in the Federal Dis
trict Court. It began in 1928 *»hen
some of the residents of Shelby organ
ized the Citizens’ Gas Co. and secured
a franchise from the city to construct
a natural gas system in competition
with the Great Northern, which had
been serving the city for about five
years prior to that time.
The Great Northern was charging 30
cents per thousand cubic feet for gas
and the new company, which in Mon
tana was permitted to enter the utility
field without securing permission from
the State commission, established a
rate of 35 cents. The older company
thereupon filed a rate of 25 cents and
sought the approval of the commission
as required by State law.
The commission, after an investiga
tion. issued an order rejecting the 25
cent rate, holding that it would not
yield enough revenue to defray normal
operating expenses, including an al
lowance for depreciation, and that the
low rate would tend to imperil or im
pair the ability of the utility to render
dependable adequate service. The com
pany was ordered to make effective
the 35-cent rate charged by the Citi
zens’ company, although it was ad
mitted by the commission that even
this rate would not afford a fair re
turn upon the value of the utility’s
property.
Although this question, which gen
erally has come up between private and
municipal utilities, has been raised in
different sections of the country, it
has never before reached the highest
court.
(Copyright. 1932.)
REOPENING'OF DANVILLE
BANK TO BE DISCUSSED
Special Dispatch to The Star.
DANVILLE. Va., February 25.—De
positors of the Commercial Bank &
Trust Co. will hold a meeting here Mon
day when a plan to re-open the Institu
tion, which closed some time ago, will
be discussed.
A tentative plan has already been
drawn up by some of the depositors and
stockholders. E. P. Crider, former
cashier and receiver, reports that he
has paid ofT all outstanding indebted
ness and that collection of outstanding
paper has produced a fund of $40,000,
the nucleus from which the distribu
tions will be made If the bank Is to be
liquidated.
- • —
NEW YORK BANK STOCKS
NEW YORK, February 25 (iP) —Over
the-counter market:
BANKS.
Bid Asked.
Chase . 3*34 4034
Commercial Natl. 157 155
First National N Y.1650 1750
National City."i" 53 * 55
Public ... 26 Vi 28 V,
TRUST COMPANIES
Bankers'1 . 61V, 63 V,
Brooklyn . 235 245
Cent Hanover. . 13914 14314
Chem Bank & Trust. 35 37
Cont Bank A Trust. 16 ig
Corn Exch. 63'i 66'i
EmDtre . 24V* 26V*
Guaranty . 303 308
Irving ... 20 21
Manufacturers' (new). • 31Vs 33’»
New York .. 84_87
COLUMBIA
BUILDING
ASSOCIATION
PAYS
New Accounts Solicited
No Commissions
Charged for Loans
Open Until 5:30
Government Pay Days
716 11th St. N.W.
Under Government Supervision
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, 16al8; 2 to 2Vi
pounds, 20; broilers, 11/2 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 2>/2 pounds, 21; broilers, l'/2 to 2
pounds, 23a25; hens, large, 19a31;
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, 16; good, 15; veal, top, 15;
good, 14; pork loins, 11: fresh hams.
13; smoked hams, 16; strip bacon, 16;
lard, package, 7H; 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, 10al5;
quarts, 20a30; apples, bushel baskets.
75al.25; fancy box stock, 1.50a2.50;
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, Almelras, 3.00.
Vegetables—Potatoes, Maine, 100
pound sacks, 1.25; New York, 1.15;
Idaho bakers, 2.40; new, bushel, 1.50a
11.75; sweets, 60a85; string beans, 2.00a
2.50; limas, 3.75a4.50; 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, 40a50; spinach, home
grown, 75al.00; squash, 1.50; eggplants,
3.00; beets. 2.50a3.00; carrots, 2.50a
4.00; cabbage, crates, 2.00a2.50;
broccoli, 3.00a3.25; 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; turnips, bunches,
crates, 2.00.
PARIS BOURSE PRICES.
PARIS, February 25 UP).—Three per
cent rentes, 78 francs 75 centimes; 5
per cent loan, 100 francs 50 centimes.
Exchange on London, 88 francs 35
centimes. The dollar was quoted at 25
francs 37Vi centimes.
SHORT-TERM SECURITIES.
(Reported by Chas. D. Barney & Co.)
Bid Offer
Allis-Chalmers Co 5s 1937. 86% 88%
American Chain Co. 6s 1933. ... 85 86
American Tel. A Tel. 5%s 1943 103% 103
Amer. Wat. Wks. & El 5s 1934. 87 89
Baltimore A Ohio 4%s 1933- 82% 83%
Belding Hemingway Co. 8s 1938 88 . .
Bethlehem Steel Corp. 5s 1936 94% 94%
Canadian Nor. Rwy. 4%s 1935 . 90 901 a
Chi. Northwestern R. R. 5s 1933 77% 79%
Chicago Rock Island 4s 1934 62 62%
Cleve Lor A Wheeling 5s 1933. 94 98
Colorado A So Rwy. 4%s 1935 92% 93
Commercial Credit Oo 5%s 1935 86 91
Delaware A- Hudson Co 5s 1935 88% 100
Denver A Rio Grande 4%s 1936 64 67%
Gen Mot. Accep. Corp. 6s 1937 100 A00%
General Petroleum Corp. 5s 1940 97% 100
General Public Service 5%s 1939 77_. 79%
Grand Trunk of Canada 6s 1936 94% 95
Houston E. A- W Texas 5s 1933 96 100
Humble OH 5%s 1832. 100% 100%
Laclede Gas Light Co. 5s 1934. 95 96
Louisville A Nashville 5s 1937. 90 97%
New York Cent. & H. 4s 1934.. 90% 91
New York. Chi. A St. L. 6s 1932 48 50%
Northwestern Telep 4%s 1934. 81 92
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
St. L. I M S. Ry. R. & G. 4s 1933 77% 80
Union Elec. Lt. A Pow 5s 1933 100% 100%
Union Oil Co. of Calif. 5s 1935. 94% 99
Virginia Rwy. A Power 5s 1934. 97% 97%
Wabash Rwy. Co. 5s 1939. 71% 76
Bible publishers estimate that the
Good Book will not be printed in all of
the 2,500 tongues of the world for 200
years._
Authorized Service
Delco, Remy, Klaxon,
Northeast & Sparton
'Horns
MILLER-DUDLEY CO.
1716 14th St. N.W. North 1583-4
Public Service Corporation
of New Jersey
Dividend No. 99 on Com
mon Stock
Dividend No. 53 on 8%
Cumulative Preferred Stock
Dividend No. 37 on 7%
Cumulative Preferred Stock
Dividend No. 15 on $5.00
Cumulative Preferred Stock
The Board ut Director* of Public
Service Corporation of New Jersey has
declared dividends at the rate of 8%
per annum on the 8% Cumulative Pre
ferred Stock being *2.00 per share; at
the rate of 7% per annum on the 7%
Cumulative Preferred Stock, being *1.75
per share; at the rate of *5.00 per an
num on the non par value Cumulative
Preferred Stock, being $1.25 per share,
and 85 cents per share on the non par
value Common Stock for the quarter
ending March 31, 1933. All dividends
are payable March 31. 1932. to stock
holders of record at the close of busi
ness. March 1. 1932.
Dividends on 6% Cumulative Pre
ferred Stock are payable on th* last
dayof each month.
T. W. Van Middlesworth. Treasurer.
Public Service Electric and
Gas Company
Dividend No. 31 on 7%
Cumulative Preferred Stock
Dividend No. 3 on $5.00
Cumulative Preferred Stock
The Board of Directors of Public
Service Electric and Gaa Company haa
declared the regular quarterly dividend
on the 7% and *5.00 Preferred Stock of
that Companv Dividends are payable
March 31. 1932. to stockholders of
reoord at the close of business March
1. 1931.
T W. Van Mlddleiwnrth. Treasurer.
CHICAGO DAIRY MARKET.
CHICAGO, February 25 (VP).—Butter,
receipts, 8,511 tubs; steady; creamery
specials (93 score), 22*4a2314; extras
(92 score), 22*4; extra firsts <90-91
score), 21(4a21^4; firsts <88-89 score),
20)4a21; seconds (86-87 score), 19V4a
20; standards (90 score centralized car
lots), 22Yx. Eggs, 10,566 cases; easy;
extra firsts, 14*4; fresh graded firsts,
14; current receipts, 13*4.
-•
POTATO MARKET.
CHICAGO, February 25 (A>) (United
States Department of Agriculture).—
Potatoes—Receipts, 73 cars; on track,
216; total United States shipments, 771;
dull, trading slow; sacked, per cwt.,
Wisconsin round whites. No. 1, 75880;
Nebraska Triumphs. l.OOal.lO; Idaho
Russets, No. 1, 1.35a 1.40; few fancy,
higher.
-•
SILVER QUOTATIONS.
NEW YORK, February 25 (VP).—Noon
—Silver futures steady; sales, 150,000
ounces. Quotations in cents—March,
31.00 bid; May, 31.55 bid; July, 32.00
bid; September, unquoted; October,
32 58
INSURANCE STOCKS
NEW YORK, February 25 OP).—Over
the-counter market:
Bid. Asked.
Aetna Cas AS. 37 42
Aetna Fire . 29 31
Agricultural . 55 65
Aetna Life . 25 27
Am Surety .. 1634 19*4
Boston . 305 335
City of N Y. 120 140
Conn Gen Life. 47 52
Fid & Dep . 68 73
Firemen’s Ins . 11 12*4
Glen Falls . 3434 36*4
Globe A Rut. 230 260
Great Amer . 14 15*4
Hanover . 20 22
Hartford Fire .. 37 39
Home Ins . 19*4 21*4
Kansas City . 550 650
Mass Bond . 30 40
Natl Fire . 3434 36*4
Phoenix . 47 49
Prov Wash . 28 30
St Paul Fire . 109 119
Sun Life .. 400 500
Travelers .. 477 527
STOCKS EX-DIVIDEND
NEW YORK. February 25 (TP).—
Pe- Pay
Company. Rate. riod. able.
American Envelope 7% pf..$1.75 G Mar. 1
Associated Rayon pf . . .81.50 Q Mar. 1
Best A Co .50c G Mar. 15
Coast Counties G A E 1st pf 81.50 Q Mar 13
Columbus A Xenta RR.81.10 Q Mar. 10
Jantzen Knitting Mills pf 81.75 Q Mar 1
Procter & Gamble 5"7 pf. .81.25 O Mar 15
Public Investing Co.20c G Mar. “5
San Joaquin L A P pf A .81.75 Q Mar 15
Do prior pf ....81.75 Q Mar. 15
Stand Oil of Nebraska .50c Q Mar. 2,
Sun Oil Co .25c Q Mar. 15
Union Savings Bk I Detroit20c M Feb 29
United Stores 86 pf .81 Q .Mar 15
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STOCKS SUPPORTED
AFTER EARLY LOSS
* — - -
Market Starts Slow Recover
Despite Initial Setback
of Leaders.
BY GEORGE T. Hl’GHES.
Special Dispatch to The Star.
NEW YORK, February 25.—Despite
another violent break in Auburn Auto,
the stock market today showed good
recuperative powers.
The market opened lower and for an
hour or two ranged well under the pre
ceding close. Then it began slowly to
recover the lost ground, with various
apecialties displaying strength. The
feature was another wide-open break in
Auburn Auto. The stock opened at 100,
which was up 1 'j points from the pre
vious close, and then swept swiftly
downward, sometimes points between
sales, until at 87 it was off over 11
points on the day. at a new 1932 low
and only 2l? points above the low of a
year ago. At this level support appeared
and a mild rally ensued.
There was nothing new at hand about
the stock or the company's affairs. Car
registration statistics show sales below
these of a year ago, but that has been
known for some time. It looked as if
the trouble was a lack of a short in
terest.
This fresh outbreak of weakneis In
Auburn temporarily unsettled the whole
list. Active Industrials sold cff 2 to 3
points, with the largest losses in East
man Kodak and Allied Chemical among
Industrials and In Atchison and Union
Pacific among the rails. There was no
increase In volume on the decline and
practically all of the losses were made
up before midday. Auburn came back 4
or 5 points from its low.
Meanwhile, active speculation for the
rise went on in the local tractions.
Manhattan guaranteed and Manhattan
modified both made new highs. So did
Interborough and Brooklyn-Manhattan
Transit. Then demand came into the
alcohol stocks, National Distillers and
United States Industrial Alcohol, pre
sumably on new hopes for a modifica
tion of prohibition. American Woolen
preferred, which has been consistently
strong ever since the recapitalization
plan was announced, went through its
old high.
This demonstration of confidence by
the sponsors for these specialties helped
to harden the whole market. United
States Steel ranged higher on the day.
United Aircraft came to the front, per
haps in connection with the war news
from the Par East. In any event, the
list displayed Impressive resiliency.
Public utilities were unusually quiet.
Public Service of New Jersey made no
response to the good showing in its
pamphlet report. Traders are paying
more attention to the possibility or
Federal regulation than to earnings,
so far as the utilities are concerned.
Bearish Factors.
NEW YORK, February 25 (Special).
—One of the bearish factors operating
against the stock market in the last few
days is said to be the delay in bringing
the new banking bill to an agreement
between opposing Interests in Congress,
which appeared last week to have con
ciliated their ideas concerning the main
features of this measure. It 1? ex
pected that it will be signed befqre the
end of this week. The effect of It has
already been discounted by Wall Street.
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