Evening star. [volume] (Washington, D.C.) 1854-1972, March 02, 1938, Image 14

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Evening star. [volume], March 02, 1938, Page A-14, Image 14
About Evening star. [volume] (Washington, D.C.) 1854-1972

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Evening star. [volume] (Washington, D.C.), 02 March 1938. Chronicling America: Historic American Newspapers. Lib. of Congress. <https://chroniclingamerica.loc.gov/lccn/sn83045462/1938-03-02/ed-1/seq-14/>

Newspaper Page Text

GAINS REFLECTED
Federate Hold to Narrow
Path—Industrials Up
Fractions.
Bond Averages
on, 10 10 10
Rails Indust Util Fan
Net change. Unc. Unc. Unc — 1
Today, noon 64.5 96 9 90 9 66.6
Prev. day... 64.5 96.9 90.9 66.7
Month ago 63.5 96.1 89,4 66.0
Year ago... 96.9 103.9 101.4 72 8
1938 high_ 70.5 98.0 92.2 67.0
1933 low_ 61.1 93.7 89 0 65.0
1937 high... 99.0 104.4 102.8 74.7
1937 low_ 70.3 95.5 90 3 64.2
1932 low_ 45.8 40 0 64 6 42.2
1928 high...101.1 98.9 102.9 100.5
10 Low-Yield Bonds.
Noon _109 1 Prev. day. 109.1
Month ago 108.4 Year ago. 111.2
1936 high. 109.3 1938 low.. 107.8
1937 high. 113 7 1937 lew.. 107 0
1928 high. 104 4 1932 low.. 66.8
(Compiled by the Associated Press.i
. I
By the Associated Press.
NEW YORK. March 2.—Despite
absence of a definite trend, the bond
market recorded a considerable num
ber of gains today.
Higher by fractions or more toward
the final hour were loans of Great
Northern. Alleghany Corp., American
& Foreign Power. Pacific Gas. Penn
sylvania. Shell Union. Interborough i
Rapid Transit, International Mercan- i
tile Marine and North Ameriean Edi
son.
United States Governments held to
a narrow path. There were a few :
6light losses in Treasuries.
On the loss side were bonds of Bal- j
timore & Ohio, New York Central, !
Missouri Pacific, Southern Pacific, !
Cleveland Union Terminal, Central of |
Georgia, St. Paul & Erie.
Puerto Rico-American Tobacco 6;
gained about 9 points on small trans
actions.
INVESTING COMPANIES :
i •; p q.’nlations. >
NEW YORK March *: V Investment
Bankers' Conference, Inc , .
Bio Asived.
Admin Fd 2d Inc ^V'V-'
Affiliated F Inc
Amerex Hold - U*•■■J
Am Business Shrs new *>. M •* £
Am Gen Eq Inc •*>*- _h- I
Am Ins Stocks - 4.ot> .v«J“
A»soc Stand Oil n'jfjL1- !
Bancamcr Blair - 4 <o
Bankers Nat Inv. Corp 1>io --.^0
Basic Industry „ 3.04
Boston Fund inc __ _. 15.*>5 16 .4
British Type Inv. _ .30 4.i
Broad St. Inv _ _ - 2.5.41 05.04
Bullock Fond _ . 13.3:5 14..->0
Can Inv Fund 3:TO 4.05
Central Nat Corp A ' 33.on 3*.0o
Central Nat Corp ’B" O.oo .>.on j
Century Shrs Tr __ 21.30 00.on
Comwlth Invest _ 3.03 3.4.»
Continental Sh pf _ : .05 8.00
Corporate Trust __ 0.15 _ _
Corporate Trust A A _ 0.11 -
Corp Tr A A mod __ 0.5: _ .
Corp Tr Accum Ser _ 0.11 __ .
Corp Tr Acc Mod _ 0.51
Crum & Forster _ 00.on 01.00
Crum Si Foist ?*', pf 11 5.on
Crum A: Forst In« B o:.o - 30.Ot)
Crum A* For.sr In- pf lu?».o*»
Cumulative Tr Sh 4.4*
Depos Bk Sh N Y A ’ 1 53 _
Depos Ins Shrs ‘ A ' _ . 0.8*; _
Depos Ins Shrs B' O.o:;
Diversified Tr C _ 3.5o
Diversified Tr D _ 5.4»» 0.05
Dividend Shrs _ l.oo 1.30
Equity Corp $:» pf _ 05.5i> 08.5n
Fidelity Fund Inc _ 18.8* 0O.0?»
First Boston Core _ 14.75 10.05
Fiscal Fund Bk Sh_ 0.55 0.80
Fiscal Fund Ins _ 3.18 3.50
Fixed Trust Sh A _ 8.85
Fixed Trust Sh B _ H..Q8
Foreign Bond Associates - 7.50 8.10
Found Tr Sh A _ 3.80 4.05
Fund Investors Inc_ 10.10 17.44
Fund Tr Shrs A - 4.59 5.25
Fund Tr Shrs B_ 4.17
Gen Capital Corp_29.68 31 9] "
Gen Investors Tr __ 4.56 4 96
Group Sec Agriculture_ 1.17 I °8
Group Sec Automobile_ .79 87
Group Sec Building _ 1 20 1 31
Group Sec Chemical_ 1.21 1.32
Group Sec Food 77 07
Group Sec Invest Shrs -I '72 sil
Group Sec Merchandise _ 91 l'nii
Group Sec Mining _ 1 24 13,
Group Sec Petroieum _ 1 10 I
Group Sec R P. Equip . . .78 86 j
Group Sec Steel __ 1,14 , .,4 I
Group Sec Tobacco 9- ,'nj !
Huron Holding V g- !
Incorp Investors _ lu 71 i-'o'- !
Insti Sec Batik Group ] in j -g
Instl gee Insurance __ 1 -n i'5>,
Investors Fri C" lie 1.10.3 mV-,
Keystone Custodn F. •’ 73
Keystone Custodn R ' Tii'iiit l'S-i
Keystone Custodn K 1 ' 14'ns 1 n'37
Kevstone Custodn K ■' lo-,- 1 1 -,•> I
Keystone Custodn S3 14 1; tVsi '
Keystone Custodn S 4 4 V. 3 39 I
Major Shrs Corp _ •’ -
Maryland Fund __ 5 84 1; 40
Mass Invest Tr . _ 19.93 "1 15
Mutual Invest __ 1071 ll'"i
Nation Wide Sec _ 3 9" 3 1
Nation Wide Voting . .. 1 27 149
National Investors 5 m 5'49
New England Fund 1° 34 l‘Xn7
N Y Stocks Bank Stocks 8.1 7 8 84
N Y Stocks Bide Supply 6 95 7 53
N Y Stocks Elec Equip _. _ 7.28 7 88
N Y Stocks Insurance .... 8.71 9 42
N Y Stocks Machinery_ 7.92 .857
N Y Stocks Oils 9.27 19.02
N Y Stocks R R Equip_ 7.53 8.15
N Y Stocks Steel __ 7.80 8 44
North Am Bond Tr ctfs 51.00
Nor Am Tr Shrs 1953 . 2 04
Nor Am Tr Sh 1955 2 53
Nor Am Tr Sh 1956 _ 2 49
Nor Am Tr Sh 1958 _ 2 "9
Plymouth Fund Inc _ .43
Quarterly Inromc Sh . . . 11.06 l"'r’ 1
ReDres Tr Shrs 9 -3 9 7o i
Repub Invest Fund .ill '39 I
Echoellkopf-Htitton A- Pom 1.00 1 75 I
selected Am Sh Ire 9 15 997
Selected Income sh 3 08 !
Sovereign Invest, _ 99 76 1
Spencer Trask fund . 14 51 15 31 !
Stand Am Tr Shrs _ 2.35 3 55 !
Stand Util Inc .47 51
State Street Invest ... _ 76.on 80 00
Sutler of Am Tr A 3 or
Super of Am Tr AA. _ 3 93
Super of Am Tr R _ -9
Super of Am Tr BR . - 93
Super of Am Tr C _ 5.55
Super of Am Tr D __ 5.5.3
Supervised Shrs _ 0.4 10.24
Trustee Stand Inv C_ 2 "9
Trustee Stand Inv D 2 -5
Trustee St Oil Shrs A 6.47
Trustee St Oil Shrs B 5 89
Trusteed A Bk "B ' .lil 68'
Trusteed Indus'.ry Shrs .91
U S Elec Lt & Pow "A” 12.00 12.50
U S Elec Lt A Pow “B" 1.7 1 1.18
U S El Lt At Pow voting .80 .88
Wellington Fund 12.95 14 27
NEW YORK BANK STOCKS
NFW YORK. March 2 OTi.—Investment
Bankers' Conference. Inc.:
Bid. Ask^d.
Bank of Am (2.40) _ 44 4H
Bk of Man <1'2> _ 23'2 •’:>
.Bankers Tr 12) _ 43 SI
Bklyn Tr (4) _ so ak
Cen Han Bk fc Tr (4)_ 95'-i »si,
Chase Nat (1.40: _ 31 33
Chem Bk & Tr (1.80) 43'j 4 S'
Commercial <$i _ 14f i;>;;
Cont Bk <S- Tr (.SO) __ 13 nr,
Corn Ex Bk A- T (3)_ 50= i 513^
Empire Tr <1) _ 22‘.a 23* 1
First Nat (Bosi (2). __ 40 42
First Natl (looi _lit;;, IS05
Guaranty Tr (12) _ _ _ 25' ’’5!)
IrvinR Tr (.001 .. 12*. lU’i
Manufacturers Tr (2) _ 3!)'2 41 *2 '
Manufacturers Tr pf (2) 40'2 51’2
Natl City < 1 > __ _ 2fi 27>2
N Y Trust (5)_ 1)2'2 95'.2
Public (1 Mi) _ 201/2 31
Title G & T_ 6V2 7>,i
LONDON BAR GOLD.
LONDON. March 2 I/Pi.—Bar sold. 1.30s
lOd. up Vi Penny. (Equivalent, $35.08.)
Budd. Edward G., Manufacturing
Co.—1937 common share earnings
were 48 cents, against 35 cents.
Advisory Council
To Meet April 3
At Idaho Resort
The Commerce Department's
Business Advisory Council of 56
prominent bu-:nes* leaders will
meet at Sun Valley, Idaho, April
3 to 5.
Chairman W. A. Harriman said
today the Western location for
the session will enable Eastern
members to confer with Western
farm and business leaders en
route to the meeting and at the
site.
i
BONDS ON N. Y. STOCK EXCHANGE
By print* wlr* direct to The Iter.
Approximate Transactions Today.
U S Govt Bonds..., 550,000
Foreign Bonds 730.000
Domestic Bond* . 3.610,000
TREASURY.
Hith. Low. Clo«e.
2 'is 1945 _103.22 103.22 103.22
2 Vis 1949-53_ 100.13 100.11 100.11
2?i-s 1945-47_ 104.24 104.23 104.24
2*** 1948-51_ 102.26 102.24 102.24
2»*s 1951-54 102. 101.30 102.
2*4* 1956-59_101.22 10121 101 22
2 7»s 1955-60_ 102.26 102.22 102.25
3s 1946-48 _ 106 7 106.7 106.7
3s 1951-55 _ 104 30 104 29 104 29
3 Vis 1946-49_ 107. 106.31 107.
3 Vis 1949 52 ._ 106.23 106.23 106.23
3 *4 s 1 944-46 108.11 108]0 108.11
34»s 40-43 June 106.10 106.9 1069
35*s 194 1-43 Mar 107.11 107.11 107.11
3 Vis 1943-45 ... 108.14 108 11 108.14
4s 1944-54 _113.8 113.7 113.7
4Vis 1947-52 ... 117.25 117 23 117 23
FEDERAL FARM MORTGAGE.
3s 1944-49 _ 104 8 104 8 104.8
3 Vis 1964_ 104.25 104.25 104.25
HOME OWNERS' LOAN.
2»is 1942-44 ... 102.5 102.4 102.5
2**s 1939-49_ 102.12 102.9 102.10
3s 1944-52 _ 104.9 104.8 104.9
FOREIGN BONDS.
Huh. Low Close
Abitibi Pa&Pw 5s 53 52% 52% 52%
Akershus ns 63 ... 100% 100** 100%
Antioqma 7s 45 B_ 7% 7% 7% j
Antiquia 7s 45 D_ 7% 7% 7*,
Antwerp 5s 58 __ 09% 99% 99**
Aigeiittne 4s 72 Feb 83*, 83% 83",
Australia 4 l2s 56 101% 101% 101%
Australia 6s 57 _ 105% 105% 105%
Belgium 6s 55 107% 107% 107%
Belgium 6 %s 49_ 1(16', 106% 106%
Belgium 7s ..a 112 112 112
Berlin Klee 6s 55 26 26 26
Berlin Elei 6%, 59.. 28% 28% 28%
Brazil 6 %s 26-57 _ 18% 18 18
Brazil 6 %s 27-57_ 18% 18% 18%
Brazil 7s 52 . _ IS 18 18
Brazil 8s 41 19% 19% 19%
Buen Aires 3s 84_ 49 49 49
B A 4 %-43,s 77_ 62% 62% 62%
B A 4 %-4 % s 75- 66 66 66
Canada 2%s 45_101% 101% 101%
Canada 3s 67_ 96% 96% 96%
Canada 3% 61_ 102 102 102
Canada 5s 52_111% 111% 111%
Carlsbad 8s 54_ 55 55 55
Chile 6s 60 _ 17% 17% 17*4
Chile 6s 61 Jan_ 17% 17»* 17%
Chile 6s 61 Feb_ 17% 17% 17%
Chile 7s 42 * .... 17% 17% 17%
Chile iltg Bk 6%s 57 15% 15% 15%
Chile Mtg Bk 6%s 61 15a 15*, 15%
Chilean Mun L 7s 60 14 13% 13a
Colombia 6s 61 Jan 15% 15% 15%
Columbia 6s 61 Oct . 15% 15% 15%
Copenhagen 4 1..s 53 100 , 100 100%
Copenhagen 5s 52 101% 101 101%
Cuba 5 %s 45 75% 74% 74*%
Czechoslovakia 8s 51 92% 91% 92%
Czechoslovakia 8s 52 92% 92% 92%
Denmark 4 '.js 62 101% lot's 101*4
Denmark 6s 42 105*, 105% 105% \
Dominic 1st 5 %s 40 61% 61% 61% j
Dominic 2d 5%s 40 . 61 61 61 •
Dominic 1st 5Vis 42.. 66% 66%. 66%
Dominic 5Vis 61 ext 62 61 62
French Gov 7s 49 .. 108 108 108
French Gov 7 Vis 41_ 108 108 108
Ger Gov 5Vis 65 ... 27 27 27
Grt C El Jap 7s 44 ... 73 73 73
Italy 7s 51 .. 80 80 80
Ital Crd P VV 7t 47 B. 74 74 74
Ital P U Crd 7s 52 ... 62 62 62
Japan 5 Vis 65_ 62% 62*, 62%
Japan6%s>54 _ 76% 76 76
Mexico 4s 54 assd_ 2% 2*4 2%
Mexico os 45 asst . 3% 3*< 3",
Mexico os 45 ast Ice 3% 3% 3 ,
Mex Ire 4'is 43 ast 2% 2% 2%
Minas Gets b ‘is 58 9‘, 9‘, 9‘,
.Minas tiers 6 %s 59 9% 9% 9%
New So Wales as 57 103 103 103
New So Wales os 58 103% 103 103
Nurd By 6 %s 50 ... 96 96 96
Norway 4s 63 _ 103 102% 103
Norway 4 >.%k 65_ 104 103% 103%
Norway 4 Vis 56_ 106% 106% 106%
Norway 6s 43 _ 106a 106% 106%
Norway 6s 44 .. 106 % 106% 106%
Norw Mun Bk 5s 70 . 102% 102% 102%
Nuremberg 6s 52 ... 21 21 21
Oriental Dev 5Vis 58. 56% 561, 56%
Oriental Dev 6s 63_ 61 60% 60%
Panama 5 Vis 53 _102', 102% 102%
Pernambuco 7s 47_ 9 8% 9
Peru 6s 60_ 11 10** 10%
Peru 6s 61_ 11 11 11
Poland 6s 40_ 64% 64% 64*4
Poland 7s 47_ 80', 80% 80%
Poiand 8s 50 ... _ 60', 60% 60%
Prague Gtr 7Vis 52 ... 98 98 98
Prussia 6 %s 51 _ 22 22 22
Queensland 7s 41 .. 108 10S 108
Rhine W El P 6s 53 307, 307. 30%
Iliads Jan 4'.,.,,:; 9% 9% 9%
Rio Gr do Sul 6s 68 . 8% 8a 8%
111.. Gi do Sul 8s 46 13 13 1.1 j
Rouinaui i 7s 5:i 27% 27% 27% I
sao Paulo C 6'-.s 57 9%' 9% 9% |
sao Paulo St 6s 68_ 11 11 11
sao PaUlo St 7s 40_ 37% 37% 37% j
serbs 7s 62 _ 33% 32% 33%
ssrbs 8s 62 _ 32% 32% 32% |
Siemens & H 6 Vis 51. 69 69 69 i
raiwan Elec 6 %s 71 57% 57 57%
rokio 5s 52 _ 50 49% 49%
rokio 5 Vis 61 _ 59% 59%. 59%
rokio E L Ltd 6s 53.. 62V, 62 62
J*n Stl Wk 6V4s 47 A. 32% 32% 32%
Un Stl Wk 6Vis 51 A. 33 33 33
Uruguay 4s 18_ 50 50 50
Uruguay 6s 60_ 51% 50% 51
Uruguay 6s 64_ 51 50% 51
Uruguay ad j 79_ 50 Vi 49% 50%
Vienna 6s 52 _ 82 82 82
DOMESTIC BONDS.
Adams Express 4s 47 94 94 94
Adm Exp 4% 46 std 101 101 101
Alleg Corp 5s 50 stp 38 36% 36%
Allis Chalmers 4s 52 105 104*. 105
Allied Stores 4 %s 51 84% 84% 84%
Ain & Foi Pw 5s 2030 57 56%. 56%
Am 1 U Ch 5 %>s 49 104% 104% 104%
Ain Inti 5%s 49 _ 92 92 92
Am T & '1 3 % s 61 ... 101% 101':. 101%
Am T & T 3 %s 66 ... 101", 101% 101*,
Am T & T 5 %.s 43 113'-. 113% 113%
Anaconda deb 4 %s 50 104% 104% 104%
Arinourt Del) 1st 4s55 91*, 91 91
Armour! Del 14s 57 91%. 91% 91%
Atla&Ch A C5s44 88 88 88
Atl Coast E 1st 4s 52 87% 87% 87%
Atl C E 4 %s 64_ 71 71 71
B & O 1st 4S 48_ 60% 60% 60%
B&O4%s60_ 25% 24% 25
B * O 1st 5s 48_ 65% 65% 65%
B & O ref 5a 95_ 31% 30% 31
B & O 6s 96 F _ 30% 30% 30%
B & O rf 6s 2000 D_ 31 30% 30%
B & O ref 6s 95 ... 35% 34% 34%
B & O PEE&W V4a 41 53 53 53
B & O Swn as 50 41% 41 41
Bang & Ar cv 4s 51 st 105 105 105
Bell T of Pa 5s 48 B 119 119 119
Bell Tel of Pa 5s 60 C 127% 127% 127%
Beth Steel 3 %s 52 . 88", 88% 88%
Beth Steel 4%s 60 102% 102% 102%
Bos & Me 5s 67 44 43% 43%
Bklyn Ed con 3%s 66 104% 104% 104%
Bklyn Man T 4%s 66 53% 52% 52%
Bklyn Un El 5s 50 75% 75% 75%
Bklyn Un Gas ns 45 106 105% 106
Bklyn Un G 5s 57 B 91 90 91
Bklyn Un G ref 6s 47 102% 102 102%
Canadian Nit 4%-s 56 115% 115% 115%
Canadian NR 4%s 57 114% 114% 114%
Canadian NR 4%s 55 118% 118% 118%
Can Nat 5s 69 Oct 120% 120% 120%
Canadian NR 5s 70 . 120% 120% 120%
Can dian P db 4s perp 85 84% 85
Canadian Pac 4%a 6C 95% 95% 95%
Canadian Pac 5s 64.. 101% 101% 101%
Caro Cl & O 5s 38_ 100% 100% 100%
Caro Cl &O 6s 62_101 101 101
Car & Gen 5s 50 _ 87% 87% 87%
Celotex 4 %s 47 ww._ 72% 71 72%
Cent of Ga cn 6s 45... 10% 10% 10%
Cent of Ga 5%s 59 6 6 6
Cent ill E& G 5s 61 . 99 99 99
Cent Pac 1st rf 4a 49 89 88% 88%
Cent Pac 6s 60 . 63% 63% 63%
Ches & O 3%s 96 D . 96% 96% 96%
Ches & O 3%s 96 E . 97 96% 97
C & G gen 4 %s 92 . 119% 119% 119%
Chi B&y cen 4s 58 104 103% 103%
Chi B&-W 4 %s 77 95 94% 94%
Chi B&Q ref 5s 71 102 1014. 102
C B&Q 111 div 3%s 49 102' . 102 102
CB&g I div 4s 49 106*. 106 106%
Chi & Kill 5s 51 15% 14 14
Chi Ind & Eou 4s 47 13. 13 13
Chi tnd & E 6s 47 14 14 14
Chi Mil & St P 4s *9 30 30 30
CM&Sl P5s75 12 11% 11%
CMStP&P ad1 6s 2000 4% 4 4%
Chi & NW 4%s 49 5% 5% 5%
Chi & NW rf 5s 2037. 10% 10% 10%
Chi R I&P rf 4s 34... 8% 8% 8%
Chi R1&P4S88 ct_ 16 16 16
Chi RI&P cv 4%s 60— 6% 5% 5%
Cht Un Sta 3%s 63_108% 108% 108%
Chi & W In cn 4a 63.. 90 89% 89%
*
Hlrh. Low. Close.
Chi A W Ind 4%s 62- 86 85% 85%
Cln G A E 3%b 66 . 104% 104% 104%
Cin Un Term 6s 67 C 108% 108V* 108%
CCCASt LCdiv 4s 39 101% 101% 101%
CCCASt Lrf4%e 77- 66 66 66
Clev Clift 4 *4 s 50 ._ 105% 105% 105%
Clev Un Ter 4%s 77-- 83 82% 82%
Clev Un Ter 5s 73 .. 87 87 87
Clev Un Ter 6%s 72— 95 94% 94%
Colo F A I 5s 70 _ 62 62 62
Colo A So 4%s 80 ... 43 42% 42%
Col G A E 6s 52 May- 95 95 95
Col Gas A Elec 5s 61. 92% 92% 92%
Colum Ry PAL 4s 65 107% 107% 107%
Cornel Cred 2%s 42 100% 100% 100%
Cornel Credit 3%* 51 98% 98% 98%
Com I n v Tr 3 % s 51 101 103% 104
Comwlth Ed 4« 81 F 107% 107% 107%
Comwlth Ed 4%s57D 111%. 111% 111%
Comwlth Ed 5s 53 A 112 112 112
Com 1th Ed 5s 54 R . 112% 112% 112%
Cons Coal Pel 5s 60 . 46% 45%. 46%
Cons Ed N V 3%s 46 104%. 104% 104%.
Cons Ed N V 3%s 56 102% 102% 102%
Cons Gas NY 4 %s 51 108 107% 107%
Consol Oil 3Us 61 100% 100 100%
Consttm Pwr 3Us 70 103% 103% 103%
Crane Co 3%s 51 102 101% 102
Cuba Northn 5%s 42 . 36% 36% 36%
Cuba R R ref 7%e 46- 49 49 49
Den A R G con 4s 36.. 14% 14% 14%
Den A R G W 6s 55... 7% 7% 7%
D A R G W rf 5s 78 .. 9% 9% 9%
Des MAFt D 4s 35 ct. 3% 3% 3%
Det Edison 4s 65 _110 110 110
Det Edison 5s 52 .. 108% 108% 108%
DetAM 2d 4s 95 asst . 33 30 30
Dttquesne Lt 3%s 65 108% 108% 108%
Elec Auto Kite 4s 52 100% 100% 100%
Klein J & E 5s 41 ... 109% 109% 109%
Erie 1st 4s 96 _ 53 53 53
Erie sen 4s 96_ 28% 28% 28%
Erie cv 4s 53 A_ 20% 20% 20%
Erie rv 4s 53 B_ 20% 20% 20%
Erie ref 5s 67 _ 15% 15% 15%
Erie ref 5s 75 _ 15% 1.5% 15%
Erie den Hiv 6s 57 .. 55% 55 55
Erie & Jersey 6s 55 . 62 62 62
Fairhks Morse 4s 56 100% 100 100
Fed Et&Tr 5s 42 st . 92% 92% 92%
Fed Kt&Tr 6s 54 B ... 85 85 85
Fla E C Rv 5s 74 6% 6% 6%
Fond J&G 2s 4s 82 ct 1% 1% 1%
Galv H&H 5%s 38 .. 95% 95% 95%
Gen Am Inv 5s 52_101 101 101
Gen Cable 5 %s 47 ... 97 97 97
Gen Mot Acc 3s 46 ._ 103% 103% 103%
Gen Mot Acc 3%s 51. 103 102% 102%
Gen Stl Cast 5%s 49. 51 50 50
Goodrich 414s 56_ 97% 97% 97%
Goodrich 6s 45 . 91% 90 90
Goodyear TAP. 5s 57. 104% 104% 104%
Grt Nr Ry 3*4s 67 . 82 81% 81%
Gt N R tn 4%S 76 D._ 87% 87% 87%
Great N Ry 4s 46 G . 100% 100 100
Grt N Ry 4s 46 H 92% 92 92
Grt Nr Ry 1st 4',4s *1 107% 107% 107%
Grt N R sn 4’..s 77 E 88% 88% 88%
Grt N Ry 5s 78 95%. 95%. 95%.
Glilf Sta PHI 4s 66 103% 103% 103%
Gulf Sta Util 4 %s 46 103% 103% 103% j
Hock \ a! 4%s 99 118 US 118 j
Hoe <K) lstmtR 44 . 58 58 58 I
Houston Oil 5%s 40 101% 101% 101%
Hudson Coal 5s 62 A 21% 20 20
Hud & Man Inc 5s 57 21 20% 21
Hud & Man ref 5s 57 53% 53% 63%
111 Rell Tel 3%s 70 B 108% 108% 108%
111 Cent ref 4s 53_ 40% 40 40
111 Cent ref 4s 55_ 47 47 47
111 Cent 4 *4 s 66 . 36% ,36 ,36
ICC & St L, N O Ss 63 . 41 40' 4 40%
111 Steel deb 4%s 40.. 107% 107% 107%
Inland Stl 3\s 61 ... 105% 105% 105%
Inter P. T 1 rf 6s 66— 54% 53% 54
Inter RT 6s 32 . ... 19 18% 18%
Interb RT 7s 32 ct — 56% 56% 56%
Inter RT1 rf 5s 66 ct. 55 55 55
Interlake Iron 4s 47.. 79'.- 79% 79%
Int Hydro El 6s 44 . 67% 67% 67%
lnt Mer Marine 6s 41. 50 49% 50
Int Pap 1st 6s 47 _ 87 86% 86%
Int T&T cv 4%s 39... 88 87*. 88
lnt T&T 4 %s 52 ... 68% 58% 58%
Int T&T 5s 55 _■ 63'.- 62%' 62%
Jones & L StI 4 V»s 61 93s, 93s, 93s, :
Kan CFS&M rf4s 36ct 27s. 27s. 27s,!
Kan City So rf 5s 50 647, 64s, 64s.
Kings Cty Lt 5s 54 . 97 97 97 i
Kans C Ter 1st 4s 60 107*1 107", 107',
Kans G&E *>2s 80 _ 106 106 106 |
Kontiers Co 4s 51 103 1027. 103
Kresge Found 3'2s 47 91s, 91s, 91s,
Lac lede Gas 5s 39_ 88 87'i 87U
Laclede G 5Vis 53 ._ 60 60 60 j
Leh V P con 4s 2003 24 23s, 23s; 1
Leh V Peon 4Via 2003 24s, 24", 24s,
Loew’s 3 Vis 46 .. 98',• 98s, 98s,
Long Isl rf 4s 49 stp. 88', 88', 88',
La & Ark 5s 69 . ..77 75V, 751,
Louisv G&E 3*js 66.. 104 104 104
L & N unlf 4a 40_103'2 1027, 102s.
L & N 4 Vis 2003_ 93', 93Vi 93',
L& Nos 2003 B_ 97',, 97V, 97V,
McKess&Rob 5Vis SO 100', 100', 100V,
Me C RR 4s 45 _ 86 88 86
Manhat Ry 4s 90 ... 30 30 30
Manhat Ry 4s 90 ct . 28s, 28s, 28s;
Met Ed 41 - s 68 108', 108', 108',
Mil El K&L 5s 61 101 100s, 10O7,
Mil El R& S L 5s 71 100', 100 100',
Minn & St L 5s 34 ct 6 , 6s, 6s,
MSlC SS.M cn 4s 38 _ 13 12', 12',
MStl'&SSM 6s 46 ... 6', rt 6 |
Mo K & T 5s 62 A_ 47s, 47 47
Mo Pac 4s 75 _, 7 6s, 6s,
Mo Pac 5s 65 A_ 21 24 24
Mo Pac 5s 77 F_ 24s. 23', 23',
Mo Pac 5s 80 H_ 23', 23', A't ;
Mo Pac 5’,2s 49 5V, 5 5 |
Mob & Oh M 5s 47 ... 18', 18', 18'i |
Mohawk & M 4s 91 58 577« 58 i
Monong Pub S 4Vis 60 102', 102', 102',
Monong Pub S 6s 65 91 89', 91
Mont Pwr 3 Vis 66 91*. 91s, 91s.
Morris &Ea 3 Vis 2000 65', 65 659,
Morris&Essex 4 Vis 51 51', 50s, 51'.
Nassau Elec 4s 51_ 24', 24'* 24',
Natl Dairy 3fcs 51ww 100'- 1005, 100V,
Natl Dis P C 4 Vis 45. 104V. 1047, 104V.
Nat Ry Mex 1st 4s
SI asst — - _ 2'. 2% 2%
Nat! Steel 4s 65_ 107 106% 107
New Jer P&L 4 Vis 60 107 107 107
New Orl P S 5s 52 A 92% 92 92%
New Orl PS 5s 55 B 91% 91% 91%
New Or Ter 1st 4s 63 64% 64 64%;
New Orl T&M 5s 54 B 32% 32% 32%
N'OT&il 5%s 54 ct — 32% 32% 32%
N Y Central 3%s 52.. 75 75 75
NY Central 3 Vis 97 — 89% 89% 89%
N Y Cent con 4 s 98 74 74 74
N Y Cent rf ♦ Vis 2013 57 57 57 :
N Y C rf 4 Vis 2013 n 57% 57-1, 57%
N Y Cent rf 6s 2013 64% 64 64
N YC&St L 4 Vis 78 47% 47 47
N YC&St L 5 Vis 74 A 54 53% 53%
NY Chi & St L 6s 38 61% 60% 60%
NY Conn 1st 4 Vis 53 106% 106 106
NY Dock 4s 51_ 52 52 52
NY Dock 5s 38 _ 60% 59%. 59%
NY Dock 5s 38 ct_ 56% 56% 56%
NY Edison 3Vis 65 __ 104 103% 104
NY Edis ref 3 Vis 66- 104 103% 103%
NY NH & H 3 Vis 56— 16% 16% 16%
NY NH & H 4S 55 — 16% 16% 16%
NY NH & H 4 Vis 67 — 21% 20% 20%
NY NH & H cv 6s 48. 20% 20% 20%
NY O&W ref 4s 92.__ 9% 9% 9%
NY O&W gen 4s 55 - 6% 6% 6%
NY S W 1st rf 5s 37_. 12% 11% 11%
NY S&W Ter 5s 43 45 45 45
N Y Tel sen 4Vi* 39— 106% 106 106%
NY W&B 4 Vis 46_ 5% 5% 5%
Niag 1-&O 5s 55 —. 107% 107% 107%
Norf & W 1st 4s 96 118% 118 118%
North Am Ed 5s 57 A 101% 101% 101%
North Am Ed 5s 69 C 99% 99% 99%
North Am Ed 5 Vis 63 104% 104% 104% J
North Pac gn 3s 2047 61% 61% 61% 1
North Pac 4s 97 92% 92% 92% !
Nor n Pac 4 Vis 2047.. 67% 67% 67%
Nor’n Pac 5s 2047 D— 72% 72% 72%
North Pac 6s 2047_ 82%' 82 82
Ohio Edison 4s 65_ 104 103% 103%
Ohio Edison 4S 67 __102% 102% 102%
Okla G & E 3%a 66 ... 101% 101% 101%
Okla Gas & El 4s 46.. 100% 100 100
Oreg W RR 4s 61_ 104 104 104
OUs Steel 4Vis 62_ 73% 73% 73%
Pac Coast 5s 46_ 46 46 46
PaoGas&E13Vis<6. 102% 102% 102%
PacG&E3%s61_106% 105% 106%
Pac G & E 4a 64 _110 110 110
Pac T&T 3 Vi • 66 C_104% 103% 104%
Para Broadway 3s 55. 60 59% 59%
Param’t Pic 8V4s 47 .. 72 72 72
Paramount Pic 6s 65 91% 91% 91%
Penn Co 4s 63 96% 95% 96
Penn Gls&S4Vis60. 103% 103% 103%
Pa Oh & Det 4%s 77- 101% 101% 101%
Penn P& L 4%s81— 98% 98% 98%
Penn RR 3%s 62_ 84% 84% 84%
Penn RR 3% s 70_ 92% 92% 92%
Penn RR 4 %s 81 :... 98% 98% 98%
Penn RR 4 %s 84 98% 97% 97%
Penn RR con 4%s 60 118% 118 118%
Penn RR gn 4 Vis 65 102% 102% 102%
Penn RR deb 4 Vis TO 89% 89% 89%
Penn RR gen 5s 68 108% 108% 108%
People GL&C 5s 47— 110 110 110
Per© Marq 4s 56 _ 64 64 64
Per© Marq 5s 66_ 73% 73% 73%
Phelps Dodge 3 Vis 62 107% 107 107
Phlla Co 6s 67 ... 90 89% 90
Phlla Elec 3Vis 67... 107 106% 107
Phlla &RC&1 6s 49- 5% 5% 5%
Philtppins By 4s 3T_19% 17% 17%
PCCASt L 4Vis 77_100% 100% 100%
PCCASt L 5s 75 B_107% 107% 107%
k
High. Low. Clou*.
Pitts C& I 4V4s 52_ 87', 87 87
Pitts*VV Va 4 Vis 60 C 42% 42*. 42%
Port Gen El 4%s 60 . 54 63*. 63*.
Porto Rico A T 6s 42. 52 f51% 52
Postal Tel & C 6s 63 14% 13% 13%
Potomac El P 3 Vis 66 105% 105% 105%
Reading R 4 Via 97 A 87 87 87
Rem-Rand 4 % s 56ww 96 96 96
Republic Stl 4 Vi* 56. 83% 82% 83
Republic Stl 5 Vis 54. 105% 105% 105%
Revere Cop 4Vis 56„ 100V« 100 100
R G W 1st 4s 39 42 42 42
Roch G&E 5s 62 E 109 109 109
R I A & I, 4V,s 34_ 10!, 10', 10%
Safeway Stores 4s 47 101% 101% 101%
Saguenay Pw4>«s 66 102% 102% 102%
St LIM&SR&G4S 33ct 58 58 58
StL-San Er 4s 50 A 13 13 13
StL-San Er 4s'50 ot 11% 11", 11%
StL-San Er 4V,s 78 . 12 12 12
StL-S E 4 Vis 78 ct st- 10% 10’, 10%.
St L-S Eran 5s 50 B . 13 12% 12%
St L S W 1st 4s 89 66 66 66
St L S W 1st ter 5s 52 20 20 20
Seabd A L 6s 45 A .. 9 8% 8%
Shell Un deb 3 Vjs 51. 101% 101V* 101%
Skelly Oil 4s 51 . ... 99 99 99
Socony Vac 3V,s 50 . 107 107 107
So Bell T&T 3Vis 62.. 104 104 104
So Colo Pwr 6s '47 A 95 95 95
Southn Kraft 4Vis 46 92% 92*. 92%
South Nat G 4 Vis 51.. 99 98% 98%
So Pac 3%s 46 _ 70 70 70
So Pac ref 4s 55_ 79% 77% 78
So Pac 4Vis 68_ 56', 55% 65%
So Pac 4 Vi s 69_ 56% 56 56
So Pac 4Vis 81 ... .. 56 55 55
So Pac Oreg 4 Vis 77 .. 67% 67% 67%
So Pac SF Ter 4s 50. 100 99 99
So Ry gen 4s 56 A_ 42% 41% 41',
So Ry 6s 91 _ 64% 63 63
Solly gen 6s 56_ 52 52 52
So Ry 6 Vis 66 _ 54% 53% 53%
So Ry M & O 4s 38 . 71 TO 70
Soiitbw'n G&E 4s 60. 103% 103% 103%
Staley A E4s46 .. 103% 103', 103%
Stand Oil N .1 3s 61 .. 102 101% 101%
Studebnker cv 6s 45 .. 66 66 66
Swift * Co 3 % s 50 .. 107% 107% 107%
Tenn El Pw 6s 47 A.. 81 81 81
Term As Et L 4s 53 . 105% 104% 105%
Term Asso con 5s 44 113' , 113% 113' ,
Texas Corp 3 Vis 51 . 106% 106 106'.
Texas & Pac 5s 77 B 83% 83% 83%
Texas* Pac 5s 79 C_. 84 83% 83%
Third A v ref 4s 60 30% 30 30
Third A ad 5s 60 ._ 7% 7% 7%
Tide Wat OH 3Vis 52. 101% 101% 101%
Un El Chicago 5s 45 .. 9% 9% 9%
Un Elect Alo)3Vis 62.. 108 108 108'
Un Oil Calif 3Vis 52— 108', 108% 108'.,.
Union Pac 3Vis 71 ... 95% 95 95%
Union Pac 1st 4s 47 . 111% 111% 111%
Un Pac 1st rf 4s 2008 107 106". 107
Utd Cgr W Strs 6s 52 "7% 77 77
United Drug 5s 53 .._ 76% 76% 76%
US Rubber 6s 47_ 106% 106', P'6%
Utah L & T os 44 .. 83% 83', 83%
Utah Pw r & Lt 5s 44 84', 84', 84%
Util P&Los 69 _ 50% 50% 50% i
Util P& L 5ViS 47_ 50% 50% 50%;
Vanadium 5s 41 _ 88 88 88 j
Va Ry 1st 3V.s 66_]0\% 104% 104%
\\ abash 4 %s>78 C_ 11 11 11
Wabash 2d 5s 39_ 28% 28% 28% ‘
Wabash 5s 80T)_ 11 11 IT
Wabash 5Vis 75_ 11% 11%, 11%
Walworth 4s 55 . 70', 70 70%
Warner Bros cv 6s 39 66% 66% 66%
Warren Br cv 6s 41 37 37 37
Wstchr Lt gn 3 Vis 67 102 102 102
Westchester Ls 5s 50 122 122 122
West J'a Pw 4s 61 H 109% 109% 109%
WSh 1st 4s 2361 _ 67% 67 67%
West Md 1st 4s 52_ 88% 88', 88%
West Pac 5s 46 A_ 19". 19% 19%
West Pac 5s 46 A as _ 19", 19", 19%
West Un 5s 51 ... 63% 63 63%
West Union 5s 60 61 61 61
WVa Pulp&P 4 %s 52. 102". 102". 102%
Wheel Steel 4 %s 66 . 90% 9'» 9"
Wilkes B&E 5s 42_ 5% 5", 5%
Wilson & Co 4s55_ 98% 97% 97%
Y'ngstn S & T 4s61_ 99 98% 98!,;
INSURANCE STOCKS
NEW YORK. March 2 MY—Investment
Bankers' Conference. Inc..
, , Bid. Ask'd. .
Aetna Cas r.: a) s.i sr
Aetna Ins (1 fill) _ I ! 45 !
Aetna Life Mai _ _ 25 "i;t . ,
Am Equit M.final *’6 “T1] i
Am Ins Nwk tYe) __Z __ ilY 1234 :
Am Reins tl.tiin _ _ . .to3, 33), ,
Am Reserve Mai __ 24 Y 2fi
Am Surety /2',a) _ 42 44
Automobile < 1 a > _ _ 26 Y 28
Balt Amer «.2(ia) _ 534 ri3;
Carolina (1.30) _ 21 2212
City of N .Y (1.201 _ __ _ 1812 20
Conn Gen Life '.so) _ 25*4 2134
Contin Cas 11.20) _ 24'4 20'4
Fid & Deb <4ai _ PS 102
Firemen's Nwk (.30) _ S'4 pi2
Frank Fire )la‘ _ _ 27Y 2834
Gen Reinsur (2) _ 3334 3434
Glen Falls il.fifii _ 37 3P
Globe tr Rep ( SOa) _ I t I4'j
Globe & Rut _ 30 :t:r
Great Amer Mai _ 23‘i 25
Hanover MOO' __ 2P'4 3(i34
Hartford Fire ,3) . _ _ fi.V4 fi7]4
Home Fire Sec 2 3
Home Ins M a 1 27 Y> 20
Homestead il) __ 15'4 it;54
Knickerbocker (.SO) .... Ji 12 Y
Lincoln Fire _ 2U 3'4
Maryland Cas __ ::3k 43«
Mass Bond IY> _. _. 4ii'j 4!"2
Merc Ins Pr i.32l . . I *
Natl Fir? i2' __ 50*4 5s3,
Natl Libertv (.2(iai . fi1.' 7Y
N Hampshire M (jot . 4HY ('.”4
N Y Fire i.sOai _ 131- If
Nor River 'll _ 2434 2fi’4
Phoenix < •_’ a 1 7.'. 7.5
Prov Wash Mai .. 30'4 ft:’4
Revere < P' In M ,20aI 21'a
Rh Isl Ins (.401 _ 5 7
Rossia Ins . .... 13 4 534
St Paul Fire <«i 1S5 1P2 1
Springfield i4Y») _ 113'.a llfiY1
Sun Life (15i ._ 415 405 !
travelers Mfil _ __42n 430 I
U S Fid A- G ..._ 13Y 15
U 8 Fire (2) _ 4SY So'2
Westchester (1.20a> _ _ 2PJ4 3134
a—Also extra or extras.
FOREIGN EXCHANGES.
NEW YORK. March 2 —Moderate
pressure put most European currencies
slightly lower in terms of the dollar today.
The pound sterling lost Y of a cent
and the French franc n.oOY of a cent. 1
Unchanged were the belga and Swiss franc. I
The guilder dropped 0.01 of a cent.
In London and Paris the dollar steered 1
a narrow course.
Noon rates follow:
Great Britain in dollars; < ihers in cents. ;
Great Britain, demand. 5. til’s; cables.
5.01 Y; 00-day bills. 5.00Y: France, de
manY 3.20'4: cables. .3.20 4: Italy, de
mand. 5.20Y; cables. 3.26Y.
Demands—Belgium. 10.08: Germany,
frer. 40.IP: registered. 20.45: travel. 24.85;
Holland. 55.05: Norway, 25.20: Sweden,
25.80: Denmark. 22.40; Finland. 22‘«; I
Switzerland. 23.22: Spain unquotpd; Portu
gal 4.50’2: Greece. 0.112: Polatfti. lo.oo;
Czechoslovakia. 3.51’«: Yugoslavia. 2.35;
Austria. lK.PSn: Hungary. 111.03; Roma
nia. o74Y: Argentina 3.3.44n: Brazil
tfreei. 5'IOn; Tokio. 20.05: Shanghai.
28.78. Hong Kong. 31.45; Mexico City.
27.80: Montreal in New York. 100.00: New
York in Montreal, 100.00. n—Nominal.
U. S. TREASURY NOTES.
NEW YORK. March 2 (/Pi.—Prices
duoted in dollars and thirty-seconds:
Per Approx.
Mo. Cent. Year. Bid. Asked. Yield.
Mar. 3 1938 ___ ini.fi 1(11.8 _
June 27'. 1938_ 101.17 101.19
Sept. 2'i 1938 ... 101.26 101.28
Dec l>/« 1938 _ 101.fi 101.8
Mar. 1V2 1939 _ 101.Ifi 101.18
June "V« 1939_ 102.17 102.19 .11
Bept. 14* 1939 .... 101.23 101.25 .21
Dec. ]4* 1939 ... 101.24 10126 .35
Mar. lsi 1940_ 102.5 102.7 .53
June 1 ’■> 1940 _ 101.30 102 .62
Dec. 1>2 1940 _ 101.30 102 .77
Mar. lti 1941_ 101.30 102 .83
June la» 1941_101.17 101.19 .88 i
Dec. ]’« 1941_101 101.2 .96
Mar. 1’4 1.942 _ 102.20 102.22 1.06
Sept. 2 1942 .. 103.28 103.30 1.16 I
Dec. 1% 1942_ 102.22 102.24 1.16
FINANCIAL BAROMETER.
Bj the Associated Press.
NEW YORK. March 2.—Brokers’ loans
resumed the declining trend in evidence
since June. 1937. during the week ended
February 23. The current level is pre
;lsely one-half the recovery peak, and not
far above the low point for the depression
louched in mid-1932.
The slump during the last eight months,
pf course, reflected the sharp drop in sfock
prices.
Loans to brokers and dealers by Fed
sral Reserve members in 101 cities com
pared as follows:
Week ended February 23._ $.31,000,000
Previous week 747.000.000
Same period last year-1,260.000.000
PITTSBURGH LIVE STOCK.
PITTSBURGH. March 2 i/Pl (Pennsyl
vania and United States Departments of
Agriculture).—Hogs. 1.500. including
1.200 direct; good demand: steady: 170
210 pounds. 9.75-9.85: 300 pounds up.
8.00-8.50; 100-150 pounds. 9.00-9.50;
sows. 9.50 down.
Cattle. 225. including 175 direct; nom
inal: best steers Monday. 9.00: calves.
300 including 200 direct; steady; top
vealers 13 00
Sheep. 1.200. including 500 direct:
steady: good and choice lambs 8.50 to
largely 9.00; tops. 9.00; throwouts. 7.75
down: best shorn lambs 7.50 eauivalent
to 7.60 or better; good sheep. 5.00-5.25.
MONTREAL SILVER.
MONTREAL. March 2 UP_Silver fu
ture* opened unchanged. Bids: March.
44.80: May. 44.38; July. 44.20.
I
Texas and Oklahoma May
Get Principal Credit Due
to Shutdowns.
B» the Associated Press
AUSTIN, Tex.. March 2.—'The Na
tion’s oil producers generally feel the
worst of their troubles are about over
for 1938.
Spring means more automobiles on
the highways and an expanding de
mand for gasoline, and oil men are
optimistic forecasts of an early gen
eral business upturn are based on
facts.
If curtailment of winter production
makes 1938 a prosperous oil year,
Texas and Oklahoma deserve most
of the credit. Texas already has had
six State-wide Sunday shutdowns,
and the Railroad Commission has or
dered four more. The Oklahoma Cor
poration Commission set that Slate's
daily allowable for March at 475.000 j
barrels, 72,700 fewer than the mar- !
ket demand estimate of the United j
States Bureau of Mines.
However, gasoline stocks have been \
setting all-time peaks week after
week. Crude production apparently
will have to be held to a fairly small
increase the second quarter of the
year to work off this huge surplus.
The Sunday shutdowns seemed to
be halting an alarming boi tom
hole pressure drop in East Texas. V.
E. Cottingham, Railroad Commission
chief engineer, said that during the
30-day period ended February 8
average pressure increased 7.08 pounds.
Operators who contend Texas is not
getting its share of national priiduc
tion claimed support from a recent
report of the Committee on Petroleum
Reserves of the American Petroleum
Institute. The report placed the
known Texas oil reserves at 8.247,928,
000 barrels compared with 7.259.340,
000 for the rest of the Nation. Texas'
current production is less than 40
per cent of the national output.
The report incidentally provided no
basis for concern over shortage of
oil. It said the Nation's proven re
serves leaped 2,443,868,000 barrels
during 1937.
- , -»
COTTON GOODS BUYING, !
SHOES, ADVANCE SIGNS
By the Associated Press.
NEW YQRK. March 2—Scattered
indications of a seasonal lift in some
of the consumption goods industries
have been seen in recent spurts of
buying in cotton goods, a gain in rayon
shipments and expansion in shoe pro
duction. They were among the first to
decline when recovery stalled last
year.
Outweighing these in the major '■
business barometers has been a decline ;
in unfilled orders in the capital goods j
industries, notably rail equipment,
machinery and machine tools. The lag
is familiar to students of past busi
ness recessions The National City
Bank of New York, in its current sur
vey, says the indications are the next!
recovery should start in the industries
producing goods for the man in the
street, like clothes and shoes, then
spread to capital goods lines.
-•
NEW YORK PRODUCE.
NEW YOftK March C <&•.—Ecus. 30.
*70: firmer. Mixed colors Special packs.
li»,2-7034: standards. firsts. 11
173*; seconds. It>34-1T: mediums and
dirties. No. 1 Ifi1*; average checks. 15*ai
storage packed firsts. lM2-34.
Butter 1.093.783: firmer Creamery
Higher than extra 303«-3]*2; extra «97
score' .MiMa: firsts <88-91). 78'4-3054
seconds <S4-8?) 7T-C8.
Cheese. 301.938. steady; prices un
changed.
-
OFFICE FURNITURE
WE SELL, BUY OR EXCHANGE
Chairs Steel Files
Desks Steel Cabinets
Tables Safes
BAUM’S OFFICE FURNITURE
i 11e ve St N t\ Phene sA
———
PRINTING
Enjoy expert service and
suggestions in LETTER
PRESS or OFFSET. We
invite your inquiry. Day or
night service.
Notional Capital Press
3rd & Lincoln
N N.E. 6060
Conservative
First Mortgage
Investments
Secured on New Homes
.
Paying 5^2% Interest j
Available March 15th
Chas. D. Sager
Since lRIII
924 14th N.W. National 0036
y044/1 Sd4M444fl
EARN MO,RE WITH
9hA44/I&&
m AT INTERSTATE M
|fl Every account up to HI
R $5,000 fully protected by HR
H insurance. Liberal divl- H|
dends credited semi-an
H nually. Inquiries invited. ^B
9r Under Supenision of the -{'j:
United States Treasury By
W 9*UeMtate\
BUILDING ASSOCIATION ]
Washington Building
15th St. & New York Ave.
District 9486
i
- -
General Upswing
In Autos Is Seen
In Coming Week
By the Associated Press.
DETROIT, March 2.—A general
upswing in all automobile plants is
planned beginning next week. Automo
tive Daily News said today. The in
creased factory activity, it added,
should continue “well into the sum
mer, duration of the upped operations
depending, of course, on the extent
of the anticipated spring sales rise
and success of the coming national
used car exchange week.”
The trade weekly estimated the
current week’s output at 53,299 units
compared with 57,386 last week and
128,198 thus week a year ago.
■ -.-*
ODD-LOT DEALINGS.
The Securities Commission reported to
day these transactions by customers with
odd-lot dealers or specialists on the New
York Stock Excnange for March 1: .'V.'UK
purchases involving 85 ♦>os# shares:
sales involving 8t>.'#9.‘* shares.
TEN YEARS AT «ft
On City Central
Business Property
We invite applications lor
new construction or refinancing
Well Located
WASHINGTON REAL ESTATE
[Shannon & luchS]
Mortgage Loan Correspondent*
MASSACHUSETTS MfTTUAl
LIFE INSURANCE CO
1505 H St. N.W. Natl. 2345
.-s* ,
STATEMENT OF THE CONDITION
OF THE
State Farm Mutual Automobile
Insurance Company
Of Bloomington Illinois on the 31st day
of December. 1931. as required under Sec
tion 647 of the Code of Law for the District
of Columbia.
INCOME.
Net premiums $10,024 057 33
Total interest and rents 4io.K45.3o
Other income _ 1.230.185.89
Total income . $12,625,088.49
DISBURSEMENTS.
Net amount, paid policy
holders tor losses $5,304 652.12 ;
All other disbursements 5.836 585.88
Total disbursements $11,141,238.00;
ASSETS.
Real estate $762 184.31 j
Mortgage loan^ on real estate 431.17 2.94 !
Bonds and stocks 10.495 717.64 '
Cash in company's office 59.8*2 39 !
Deposits in bangs 1,5*4 284.26
Premiums in course of col
lection 142 696.12
Interest and rents due or
accrued 82.995.93
All other assets _ 212.5*5.16
Gross assets $13.774 578 15
Deduct assets not admitted 311.390.02
Total admitted assets $13,463 187.83
LIABILITIES
Total unpaid claims $3,553.323 04
Total unearned premiums 3.912.380.30
Other liabilities 2.619.529.52
Capital paid up Mutual
Surplus over all liabilities 3.377,954.9? ,
Total $13 463.187.83
NET PREMIUMS WRITTEN DURING
THE YEAR
District of
Total. Columbia
Au’o liability $5,520,030.65 $9 705 13
Au»o property
damage i *nn 664.1 4 3 2*9 28
Au'o collision 2.107 .545 1* 4 713 **
Comprehensive 890 011 or 1.935.80
To*a!s $10 924 057.33 $19 664 00
T. F CAVPPFIX Vice President.
G F MFCHERLE Secretary.
Subscribed and sworn to oefore me this !
• *th dav nf Febrinrv 19.*}*
1 Seal.> BERTHA POWELL
Notarv Public.
Mv commission expires the 26th dav of
January, 1939
STATEMENT OF~THE “CONDITION
OF THE
Empire State Insurance
Company
of Watertown, New York.
On the .'list dav of December. 1037. as
required under Section 647 of the Code of :
Law for the District of Columbia.
„ INCOME.
Net premiums *l.nsn 1 f»l .70 !
Total interest and rents 1 16 344.sk ;
O'her Income 30.0C7.T6
Total income «] CC7.463.76
DISBURSEMENTS
Net amoun’ paid nolicyhold
rrs for losses $313 *70.$2
All other disbursements 610 569 17
To’al disbursements $924 439.99
ASSETS
Bond- and stocks ^ $3 190.96600
Depos'/s in banks 191 612.71 .
Agents' balances 195.27* 18
Interest and rents due or ac
crued 18.060.97
All other assets__ 158.10
Gross assets $3,596 075 96
Deduct assets not admitted 58.470.64
Total admitted assets -$3 537.605.92
LIABILITIES.
Net unpaid claims 82,100.30
Total unearned premiums - 956.864.01
Other liabilities_ 62,778.4 4
Capital paid up __ 1.000,000.00
Surplus over all liabilities 1 435.863.17
Total - _ _-$3 537.605.92
NET PREMIUMS WRITTEN DURING
THE YEAR.
Total. Columbia.
_ District of
Fire $876,843.01 $1,513.66
Ocean marine _ 26.269.25
Motor vehicles 79.485 72 33.00
Earthquake 2.961.98
Inland navigation
and transporta
tion 39.345.90
Tornado, wind
storm and cy
clone 45,415.41 73.16
Sprinkler leakaap 1.603.53 .10
Riot, civil commo
tion and ex
plosion 8,266.90 12.4?
$1.080.191.10 $1,631.39
H R. WAITE. President.
R. A. PARKINSON Secretary.
Subscribed and sworn to before me this
7th day of February 1938.
(Seal.) P. E. CONSAUL
Notary Public.
STATEMENT OP THE CONDITION I |
OF THE
London & Lancashire Indemnity
Company of America
Of New York on the 31st day of December.
1937, as required under Section 647 of the
Code of Law for the District of Columbia.
INCOME.
Net premiums $3,868,990.15
Total interest and rents_ 187.982.8m
Other income_ 18.637.68
Total Income _$4,075,619.71
DISBURSEMENTS.
Net amount paid policyhold
ers for losses $1,748,413.17
All other disbursements ‘_ 1.870,111.12
Total disbursements_$3.618.524.29
ASSETS
Bonds and stocks $4,015,566.83
Cash in company’s office 20.349.54
Deposits in banks 512.117.10
Premiums »n course of collec
tion 1.109.768.77
Interest and rents due or ac
crued . 50.535.64
All other assets __ 69.894.59
Gross assets $6.369.223.46
Deduct assets not admitted . 353.533.96
Total admitted assets $6,015,698.50
LIABILITIES.
Total unpaid claims $1,688,299.85
Total unearned premiums 1.976,561.73
Other liabilities 398.124.94
Capital paid up 75o.ooo.oo
Surplus over all liabilities 1.202,711.98
Total _ $6,015,098.50
NET PREMIUMS WRITTEN DURING
THE YEAR.
District of
Total. Columbia.
Accident _ S2J2.M96.93 S205.MS
Health _ 17.437.3M 40.(to
Auto liability 1.551.495.49 4.497.03
Liability other
than auto 631,443.17 281.10
Workmen's com
pensation _ 504.067.78 979.42
Fidelity 51.499.04 36.63
Surety 159.365.81 3.918.00
Plate glass 134.518.10 458.7 7
Burglary and
theft 189,733.37 463.99
Auto prop ert.v
damage 399.198.7 4 1.7 46.53
Auto collision 1 7,7 76.74 98.46
Property damage
a n cj collision
other than auto 9.566.70
Totals $3,868.991415 $10,7 25.79
F. J. GUBB1E.
Vice President and Manager.
J. URMSON.
Vice President and Secretary.
Subscribed and .sworn to before me this
16th day of J-ebruary. 1938.
(Seal. > GEORGIANA LOCASIO
Notary Public.
My Commission Expires January 31. 1943. '
STATEMENT OF THE CONDITION
OF THE
AREX INDEMNITY COMPANY
Of J Park avenue. New York. New York,
on the 31 st day of December 193, . as
required under Sec!ion 64 7 of the Code
of Law for the District of Columbia.
INCOME.
Net premiums $.”.7,893.03
Total interest and rents_ 12.524.9K
Other income - _ 10.986.05
Total income * 61.404.06 j
DISBURSEMENTS
Net amount paid policyholders
for losses S3.365 o ;
All other disbursements 0.55.29
Total disbursemtnts . $34,020.32
ASSETS.
Bonds and stocks $.501 103.6$
Deposits in banks 90.324.51 I
Premiums m course of collec
tion 6 005.00
Interest and rents due or
accrued 4.290.93
All other assets _ 5.000.00
Gross assets $669,844.12
Deduct assets not admitted 215.11
Total admitted assets -.$669,629.01
LIABILITIES.
Total unpaid claims _ - $9,265.80
Total unearned premiums 19.xn2.os
Other liabilities . _ 3 359.55
Capital paid up _ 433.470.00
Surplus over all liabilities 203.731.58
Total $669,629.01
NET PREMIUMS WRITTEN DURING
THE year:
District of
Total. Columbia 1
Auto liability $5,188.67 $244.12
Liability other than
auto 13.698.85
Workmen's compen
sation 12.67 9.08 851.49
Plate gla','- 523.01
Burglary and theft 4 837 27 _
F:*am boiler- 812.70
Property damage and
collision other than
auto 153 45
Totals $37 893.03 $1 095.61
J 5’. GOSLINE Vice President.
ERNEST B BROWN Secretary.
Subscribed and sworn to before me this
16th day of February. 193$.
(Seal.) JOHN I. MCCARTHY
Notary Public. ,
STATEMENT OF THE CONDITION
OF THE
Keystone Mutual Casualty Co.
Of Penna on the 31st dav of December.
1937. as required under Section 64: of the
Code of Law for the District of Columbia. ;
INCOME.
Npt premiums $200 180 30
Other income 76.641.43
Total income $276,821.73
DISBURSEMENTS
Net amount paid policyholder'
for los.se - $33. too l 2
All otnrr disbursements . x3.85o.47
Total disbursements _ $117,259.59
ASSETS.
Bonds and stocks $124.206 50.
Cash :n company's office 35.00
Deposits in banks 417XI.65 j
Premiums in course of collec
tion 52.506.97 j
Interest and rents due or ac
crued 1.300.51
All other assets_ S.428.10 I
Gross assets $228,248.73
Deduct assets not admitted- 3.803.11
Total admitted assets_$224,445.62
LIABILITIES.
Total unpaid claims _ $33,542 74
and adjustments 747.85
Total unearned premiums_10i.5oi.18
Other liabilities_ 76.325.76
Capital paid up lo.nno.no
Surplus over all liabilities_ 2.328.09
Total _ - $224,445.62
NET PREMIUMS WRITTEN DURING | !
THE YEAR. !
District of
, . . Total. Columbia
Auto liability $126,834.25 $226.87
LiabiiKy other than
autO 9.108.83
Plate gla'-s 3.477.12
Burglary and theft 3.914 97 *
Auto property damage 55.327.os 63.02 \
Auto collision 881.94
Property damage and
collision other than
auto 636.11 ’
Totals _ $200.180.30 $289.89
M D. HOFFMAN. President.
N. P. KANN. Secretary. ]
Subscribed and sworn to before me this
I$th day of February. 1938.
(Seal.) HELEN R CARD
Notary Public. 1
Mv Commission Expires May 11. 1940.
ITATEMENT OF THE CONDITION. OF
rhe United States Life Insurance
Company
[n the City of New York, of New York,
f Y., on the 31st day of December. 1937.
is required under 8ection 647 of the Cod*
)f Law for the District of Columbia.
„ , INCOME.
few premiums __ *388.264 60
renewal premiums _ 827.851.53
Total premium Income 91.218.116 13
Total interest and rents 420.062.25
Other income - 66.881.41
Total Income _*1,703.059.78
„ disbursements.
Net amount paid for losses
and matured endowments *434 658.97
Other payments to policy
»nh0,?£rs ... u - 215.359 06
All other disbursements _ 712.128.76
Total disbursements_*1.362.147.79
„ ASSETS.
Real estate *1.273.650 55
Mortgage loans on real estate 2.140,787 62
Policy loans and premium
_ 1.214 127.91
Bonds and stocks . _. 2 530.886 si
Cash In office _ sno no
Deposits in banks 314.082.60
Total interest and rents due ®
and accrued 109 017.73
Net amount of uncollected
and deferred premiums _ 191.367 67
All other assets 18.370.79
Gross assets *7.793.961.68
Deduct assets not admitted 146.344.03
Total admitted assets.. $7.646.617.65
LIABILITIES.
Net reserve required by law . *7,017 1 48 no'
Other policy reserves ... £ 4 164 on
Total policy claims _ 51 006 "0
Other liabilities _ 37.604 00
„ , *7.109.922.20
Capital paid up 300.000 00
Unasslgned funds (surplus) 236.695.45
Total *7.646 617.65
Amount of ordinary business
written during the year *7.706.417 00
Amount of ordinary business
written in ihe District of
Columbia during the year 4.000 00
GEORGE W. HUBBELL. Vice President,
P. R. DANNER. Secretary
Subscribed and sworn to before me this
38th day of Februarv 1938
(Seal.) ALFRED T GREEN
„ Notary Public
Kings Co. No 366. Reg No. 8"98 Cert,
filed in N. Y.' Co. No. 7 58. Reg. No.
H G. 4 :»U.
My_coinmis.s;on_PXpjres_March 30. 1938.
STATEMENT OF THE CONDITION
OF
The Baltimore Life Insurance
Company
Of Baltimore. Maryland, on the 31st due
of December. 1937. as required under Sec
tion 647 of the Code of Law for the Dis
trict of Columbia.
INCOME.
New premiums _ $5*5 307.73
Renewal premiums 3 679 5*4 43
Total premium income 3 365 093 15
rotal interest and rents *04 69*01
Dther income _ _ 103.630.60
Total income . S3.173.41L66
DISBURSEMENTS.
We' amount paid for losses
and matured endowments *9*3 *90 60
Dther payments to policy
holders 5**036 47
411 other disbursements 1 913,954 43
Total disbursements S3 4*4,*71 50
ASSETS.
Real estate 53.433 117 ns
Horrcage loans on real estate 3 595‘si*.ni
Policy loans and premium
-"Oils 796 574 35
Bonds and stocks 7 597 66*67
-ash In office _ .4 pro "7
Deposits In bank3 "1**4148
rotal interest and rents due
and accrued 359 3"119
Wet amount of uncolleced
and deferred premiums 195 707 *5
411 other assets _ 6* 71
Gross assets . 516.37* 409 41
Deduct assets not admitted 38.371.1 o
Totat admitted assets 516.340.03S.31
LIABILITIES
Wet reserve, required by law $13 *51 *S9 .31
Dther policy reserves _ *1 17971
rotal policy claims _ 4"':<4 4'nn
Dther liabilities _ 366 915.14
Jnassigned funds (surplus) 24)97 655 .]■»
Tota’ - MQ 34Q.Q3S m
^ouni ot ordinary business
written during the year s 3.020.000 00
\mount of ordinary business
written .n the District* of
Columbia during the year 3l.00o.no
Amount of industrial business
written during the year 25.642 234 00
Amount of industrial busine*1
written in th** District of
COiumoia during the year 820.552.00
ARTHUR R GERMAN President
J BROOKES SMITH. Secretary.
nA ,hi ^Srl!bs/nbp? ®n£ 8«°rn to before
n HnwADndr February. 1P3*.
HOWARD L. MacGILL Notary Pubila.
^Commission expires May ]. 1P.3P
STATEMENT OP THE CONDITION
OP THE
Virginia Auto Mutual Insurance
Company
V close of business on th* 31st da* of
pprember 1937 as required under Section
)f Co°lumbiaCOde °f L""' ,or th* »>«««
, . INCOME
let premiums «151 oti s*
rotal interest and rents “ 671 7 1
Jther income _ s onn.no
Total Income «159.743.55
DISBURSEMENTS
'.e* amount paid policyholders
for losses $60.7o-’ "6
Ml other disbursements . 64.991.19
Total disbursements .. $175,693.45
, , ASSETS.
leal estate _ $19.759 98
3onds and stocks _’ 25.568 39
lash in company’s office. _ 300 oil
Jeposits in banks _ 65 570 06
’remiums m course of col
lection _ . _ 86.394.74
nterest and rents due or
accrued 208 69
Ml other assets_ 637.50
Gross assets __ . $198,345.36
>duct assets not admitted.. 2.194.25
Total admitted assets... $196,151.11
LIABILITIES.
rotal unpaid claims _ $39,066 si
rotal unearned premiums . 84.140.83
Ithcr liabilities . 31.109.00
Surplus over all liabilities_ 41.834.48
Total . _ . $196,151.11
NET PREMIUMS WRITTEN DURING *
THE YEAR.
Total.
Luto liability $100,085 48
into fire ..._ 848 54
nuo theft 14911
tuto property damage_ 44.933.12
into collision 925 87
largo liability_ 4.129.72
Totals _ . $151,071.84
OSCAR L. SHEWMAKE. President.
S N. HARDY. Jr.. Secretary.
Subscribed and sworn to before me this
25th day of February. 1938.
Seal > ELIZABETH LAYNE
Notary Public.
JI||merican
--r~l • COAAPANY •
• EVERY PHASE of REAL ESTATE •
We are well equipped to serve your every need.
SALES Alb RENTALS
A number of desirable Northwest homes comprise our tales and rent lutings. At
brokers, we act as personal representatives for the prospective buyer.
LOANS
Loans on District of Columbia properties may be negotiated through as, at eumaft
rates. Time or monthly payments arranged.
INSURANCE
Let us analyze your specific insurance needs, then recommend and aecur^ tbt
accessary and adequate coverage for your property.
PROPERTY MANAGEMENT
Our active management department, through painstaking personal attention, inniroi
imaxt, economical operation.
Consult Us About Your Real Estate Problems
★
JOHN POOLE, President
JOHN W. FISHER. Treasurer NATHAN POOLE. Assistant Tiaasurar
LEON TOBRINER, General Counsel
807 15th STREET N. W. NAtional 8032
, Member! of the Washington Real Estate Board.
. . R

Evening star. [volume], March 02, 1938, Page A-14, Image 14
About Evening star. [volume] (Washington, D.C.) 1854-1972

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Evening star. [volume], March 02, 1938, Page A-14, Image 14
About Evening star. [volume] (Washington, D.C.) 1854-1972