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Evening star. [volume] (Washington, D.C.) 1854-1972, January 27, 1942, Image 15

Image and text provided by Library of Congress, Washington, DC

Persistent link: https://chroniclingamerica.loc.gov/lccn/sn83045462/1942-01-27/ed-1/seq-15/

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New York Central
Reports Drop in
December Net
$2,040,182 Compares
With $4,000,235 in
Same 1940 Month
By the Associated Press.
NEW YORK, Jan. 27.—The New
York Central system reported today
net income after fixed charges in
December amounted to $2,040,182.
compared with $4,000,235 in the like
month a year earlier.
Although operating revenues rose
to $41,316,307 from $34,854,494 in De
cember, 1940. operating expen; es
gained it a faster rate, amounting to
$34,948,535 against $25,986,976.
Shell Union Oil.
R G. A. Van Der Woude. president
Of the Shell Union Oil Corp., an
nounced preliminary figures for 1941
indicated net earnings of $17,300,000
after a $4,000,000 special reserve.
Net income after the special pro
vision equaled $1.32 a common share
and compared with $15,654,678 or
$1.05 a share earned in the preced
ing year.
Shell's provision for Federal in
come taxes in 1941 were $9,900,000
against $3,800,000 the previous year.
Van Der Woude said the company
Is discussing with the Government
erection of a plant to produce an
nually thousands of tons of buta
diene, a synthetic rubber ingredient,
and also is turning out other war
materials.
He said Shell is working on new
plants, at undisclosed locations,
which will increase by nearly 70 per
cent Shell's output of high-octane
aviation gasoline.
Devoe A Reynolds.
Devoe & Reynolds Co. reported for
the fiscal year ended November 30.
1941. net profit of $1,178,189. or $7.08
a common share, compared with
$249,920. or $1.16 a share, in the pre
ceding fiscal year,
Pennsylvania Railroad.
The Pennsylvania Railroad re
ported a net operating income for
1941 of $97,102,488, an increase of
$10,603,022 over 1940.
For the month of December, the
net operating income was $8,813,
370, a decrease of $285,518 from
December, 1940.
Gross revenue for 1941 aggre
gated $614,041,163. against $477,593,
408 in 1940.
C„ B. A Q. Railroad.
Chicago. Burlington & Quincy
Railroad reported 1941 net operat
ing income of $19,135,005. compared
With $13,082,778 in 1940.
Chicago Great Western.
Chicago Great Western Railway
reported 1941 net income of $1,739,
581, equal to $3.25 a preferred share.
Net income in 1940 was $39,944.
Caterpillar Tractor.
Caterpillar Tractor Co., farm
equipment manufacturer, reported
net income of $7,784,483, or $4.14 a
common share, for the year ended
December 31. 1941. against net in
come of $7,839,117, or $4.16 a share,
in the 1940 year.
Remington Rand.
Remington Rand. Inc., in a pre
liminary report for the quarter
ended December 31, 1941, showed
consolidated net profit of $1,261,644,
equal after preferred dividends to
60 cents on each of 1,743.040 common
shares outstanding. This compared
with $961,163 or 48 cents each on
1,584,895 shares of common In the
December quarter of 1940.
N. C. A St. L. Railway.
The Nashville, Chattanooga &
St. Louis Railway reported a net
profit of $1,888,517 for the calendar
year of 1941, an increase of $1,185,
073 over the previous year.
Of this total the company paid
out two $1 dividends on each share
of stock during the year, amount
ing to $511,693. the board of direc
tors was told at its quarterly meet
ing. The net profit on each share
was $7.38. however, as compared
with $2.75 per share in 1940.
Washington Exchange
SALES.
Capital Traction 1st 5s—$1,000 at
1044. $1,000 at 1044.
Washington Ry. & Elec, com.—1 at
600.
Garfinckel com —50 at 94. 50 at
94.
AFTER CALL.
Washington Ry. & Elec. pfd.—13 at
1154.
Washington Gas pfd —10 at 103.
Garfinckel com.—40 at 94
Capital Transit Co.—100 at 21, 100
at 21.
BONDS
PUBLIC UTILITY
Bid Asked.
Am Tel A Tel cv deb 3s 1956 1074 108 4
Anacostia A Pot 5s 1949. 105 108
Ana A Pot guar 5s 1B4H ..110
Ana A Pot mod 34s 1951 _ 105 107
Cap Traction 1st 5s 1947.. 104'/« 1044
City A Suburban 5s 1948 105 108
City A Sub mod 34s 1951— 105 -- -
Georgetown Gas 1st 5s 1961 120 -
Pot Elec Pwr 34s 1960 __ 107 _—
Washington Gas 5s I960 . 124 -
Wash Rwy & Elec 4s 1951 107 -
MISCELLANEOUS
Ter RIAW Cp 1st 44s 1948 1024 -
STOCKS
PUBLIC UTILITY
Bid Asked.
Amer Tel & Tel <9> -1774
Capital Transit (pi.25)- 204 22
N A w Steamboat (4( .78
Pot Elec Pow 6*7 Pfd (6) 112 -
Pot El Pw 544 Pfd (5 50) 1114
wash Gas Lt com (1 -no) 18
Wash Gas Lt Dfd (4.50>- 1024 '604
Wash Rv A El com (g40l nSti 680
Wash Ry A El pfd (5) -1144 -
BANK AND TRUST COMPANV
Amer Sec A Tr Co. (e8) 200 220
Bank of Bethesda (t./5>- 30 —
Capital f tfi) -1*5 -
Com A Savings (ylO.OO)— 325 .
Liberty (*6) . -1<2 200
Lincoln (ho) 210
Natl Sav A Tr 1*4.00) *200
H Oeorges Bk A Tr ‘1 00) 21 24
Riggs (elO) -- - -62
Riggs pfd (5) -... -
Washington (fl) 100 115
Wash Loan A- Tr <e8> *210 -
FIRE INSURANCE
American (t4.nO) -
foremen's (140) 31 s -
National Union (.75) 13)4 -
TITLE INSURANCE
Columbia (k.no> _ ,1?
Real Estate (m8) 16o 18*
MISCELLANEOUS
Carpel Corp (2.00) ----- 20 -
Garflncktl com (.70) 9)4 ®M»
Carfln el 877 cu cv pld (1.60) 27
Lanston Monotype (1.00)-- 21 - —
Lincoln Serv com (1.25) 13 17
Lincoln Svc 7'» pr of (3.60) 36 4®
Mergenthaler Lino ip4.00) 3.1 33)4
Natl Mtge & Inv pfd (.40) 4,4
Peoples Drug com new (1.60) 10 2 22
Real Est M & G old (t.50). 7V«
Security Storage (t4) 60
Ter Ref & Wh Corp (3) 61 63
Wdwd & Loth com (P2.30) 42 4.
Wdwd & Lothrop pfd (7) 1~0
•Ex dividend, t Plus extras, e 2r- ex
tra. h $6.00 extra, k 20c extra. mSl.60
ex-ra. p Paid .n 1041. « $5.80 extra paid
December 29. 1941. y $10.00 extra.
Baltimore Stocks
6pecial Dispatch to The Star.
BALTIMORE. Jan. 27.— w _
Bales. STOCKS High. Low. Close.
150 Arundel Coro L 16)j 1<
508 Baltimore Transit .96 .98 .98
1055 Balto Transit pfd 5S« 5'4 54»
inn Consol Pow com 60 50 50
10 Consol Pow 4", Pf 102 102 102
100 East Sug As vte 15 15 15
loo East Sug pf vtc 49)4 49)4 49)4
20 Fidelity * Deposit 113 113 113
13 Northern Central 98 98 96
485 U 8 Fidel & Guar 24)4 24'4 24»i
BONDS.
*8000 Balto Tr db 4a A 51 >4 50»4 50)4
7000 Balto Trans 6a A 60 fln so
2000 Ga 8 dr F 5s _ 71)4 71)4 71)41
NEW YORK CURB MARKET
Stocks
(By Private Wire Dlraat to The Star.)
Stoca ana Sales—
Dividend Rat*. Add 00. HlehXow. Cloae.
Ainsworth 1.28*_ 1 44 44 44
Aircraft Aeeeaarlea. 2 14 14 14
Ala Power pf (7)... 50*10641064 1064
Alliance Invest .... 1 14 14 14
Alum Co of Am At.. 200a 103 103 103
Alumn Goods .15* _ 1 124 12H 1?*4
Aluminum Ltd (h8) 150a 76 76 76
Am Box (.25(1 2 4 4 4
Am C P A L (A) 3d. 25a 114 11H 114
Am City PAL (B).. 1 A A A
Am Cm B 80a _ 17 374 364 874
Am Export 1.50a... 9 24 23 234
Am Gas A11.00a 6 194 194 194
i Am G A I pf (4.75 ) 50* 1034 1034 1034
I Am Hard Rubber 3a 50a 18 18 18
I Am Lt A Trae 1.20 2 104 104 104
, Am Maracaibo_ 1 4 4 4
1 Am Repub .35* _ 3 64 64 64
, Anchor Post Pence 1 24 24 2*f
' Appal El P pf (4.50) 60a 102 101' .1014
Ark Nat Gas (A)... 24 1 H 1
ArkPALpf (7)... 10s 874 874 874
Art Metal 60a 1 5 6 5
Asso Q & E (A) (r) . 1 A A A
Asso G A E pf (r).. 1 4 4 4
Atl C L 2.50*. 25s 27 27 27
Atlas Corp war_ 14 4**
Auburn Cen Ufa 1 54 54 54
Avery pf ww (1.50). 25* 134 134 134
Avery (B F) war... 1 A A A
Ayshire Patoka_ 15 5 5
Baldwin Loco war 1 34 34 34
Baldwin Lpf (2.10) 50* 314 314 314
Bari A Seell* A 1.20 100s 74 74 74
Beaunlt Mills
cv pf (1.50)_ 50* 22 22 22
Beech Aircraft ... 10 84 84 84
Bellanca Aircraft... 2 24 24 24
Bell Aircraft (2a).2 144 144 144
! Bell Tel Can (b8)._. 20s 1124 1124 1124
I Berk A Gay Pur- 2 A -As A
Bliss (EW) (2)_ 6 164 164 164
Blue Rldce - 1 A A A
Blue R cv pf (3d) ..100a 344 344 344
Bear T LAP h.40* . 3 6 6 6
Breeze Corp (It) — 1 94 94 94
Brewster A (.30*) . 1 74 74 74
Bridgeport Machine 4 2 2 2
Brillo Mf* ( 30e).— 1 144 144 144
Brown F & W .. 2 2 2 2
Brown PA (1.50*). 1 1014 10V4 1014
BNAEPof (160) 1 15 15 15
Bunk Hill AS d) 4 10*4 10*4 10*4
Can C A P pf h.*4k. 25a 174 174 174
Cap City P (.80*).. 125* 94 94 94
Carrier Corp _ 5 64 5 64
Caaco Prod (1*>_ l 44 44 44
Catalln 25* IS 3 3
Cent N T Pw pf (B). 10s 824 824 824
Cent OStl (1.25*)1 74 74 74
Cessna Aire (1 95«> 2 104 104 104
Cherry-Burr (1)_ 25s 104 104 104
Chlcaco Flex (S)_100a 50 50 50
Cities Service 3 24 24 24
Cities Service pf 3t. 100s 534 53 534
Olev Trsctor _ 6 54 5 54
Col Fuel * I war— 2 14 14 14
Colts PPA 8.50*_100s 71 71 • 71
Col O * B pf (5)_ 10s 29 i 294 294
Commun PS (2)... 150a 174 174 174
Conn Tel * Elee — 10 14 14 14
Cons Royalty (.20). 1 lVi 14 14
Cons Steel Corp .. 1 54 54 54
Cont Roll * 8 50* 5 94 94 94
Cor * Ray pf 2.50k 10s 80 80 80
Cosden Petroleum . 2 14 14 14
Creole Petrol .50a. _ 2 16 16 16
Crown CenP .20* .. 1 14 14 14
Cuban Atl (1 50*).. 71 154 154 154
Det Steel Prod (2*1. 1 134 134 134
Duro-Test_ 1 ft ft ft
Bade Pleher Ld.BO* 1 8 R 8
*GAPprpf<4.50> 50* 504 50 504
Eastn Sts pf (B) 200a 17 17 17
Basy W14 (B) .375* 4 24 2 2
Bee Bond * Share. 12 14 14 14
BeeB&Spf (5)_ 1 58 58 58
Elec B * 8 pf (B)- 2 624 624 624
Bee PAL war _ 1 4 4 4
Emerson Bee (,10s) 1 54 54 54
Bmp Dis B pf 7.50k. 10* 81 81 81
Bmp GAP 7% pf 50* 1054 1054 1054
Equity Corp 1 4 Vi 4
Bqulty S3 pf 1.60*. 100s 16 154 16
Esquire Inc (.60s).. 1 24 24 24
Brershtrp Inc .. 4 24 24 24
Fairchild Av 1.25*.. 4 9 9 9
Fairchild E & A . 2 24 24 24
Palatal!Brew 60a.. 1 74 74 74
Fanny Farm 1.50a. 50a 154 154 154
Fla P A Lt pf (7) . 50*1014 1014 1014
Ford Can (A) (hi). 1 124 124 124
Gen Alloy* _ 1 ft ft ft
Gen Fireproof* 2*.. 1 134 134 134
Godchaux pf (7) .. 10s 100 100 100
Gorham Ine pf (2*). 75a 23 • 23 23
Grt A APn-v (7t). 75a 804 794 794
OA APlatpf (7).. 50*131 131 131
Greater R T Brew . 2 4 4 4
Gulf Oil (la)_ 1 34 84 84
Haxeltln* (3) .. 1 18 18 18
Hearn Dep S pf .75k 50a 274 274 274
Holophane .50 . 100* 14 14 14
Hollinger G (h.65a) 1 74 74 74
Hummel-R ,60a ... 1 44 44 44
Huyl (Del) latpf 200* 54 64 54
Hygrade Sylv 1.25* 1 16 16 16
Illinois Zinc (.50*) 550* 134 13 13
Ind P A L 6V« pf . 170* 1054 1054 1054
Ins Co N A (2 50*>. 60* 744 744 744
Int Petrol (hi) ... 7 94 • 94 94
Int Utilities (B) .. 1 ft ft ft
I Interst Home i 80). 1 7 7 7
i Irv Air Chute la... 19 9 9
Jseobs Co _ 2 2% 2 2%
Jeanette Glass_ 2 Hi Hi lli
Kingst’n Prod .20#. 1 Ha 1^ Hi
Koppers pf (6)- 10s 95*4 95*4 9544
Lake Shore hi.65*-. 5 8% 8 8
! Lakey Fdry (.40*) - 1 2*i 2*i 2H
Lane-Bryant pf (7). 80* 100 100 100
Lefeourt Realty pf— 1 10% 10(4 10(4
Lehigh Coal ( 05*)-. 10 4(4 4H 4'i
Lone Star G .70c— 2 8 8 8
Lone Iiland Ltc- 3 |> 4r 4
LonglslLtpfB_ 50a 19*4 19H 19%
McCord Rad (B)_ 1 H4 1(4 1(4
llanatl Sue war- 23 1 K 1
Massey-Harrls- 1 1(4 1(4 1(4
Mead John (3a) 40i 120 120 120
Memphis Nat G .45* 1 3*4 3*4 3*4
Mer&Mf* A ( 40a) 2 3(4 314 3(4
Merr-Chap At Scott. 1 5% 5'4 5'i
Mesab! Iron — 3 *4 H %
Metro Ed pf (6)_ 10* 101% 101% 101%
Mich Bumper- 1 (4 (4 '-4
Mich Sugar - 4 1'4 1% 1 <i
! Mich Sugar pf .60*. 3 8 7% 8
Middle States Pet
(A) 31e_ 13 3 3
Middle West C 40*. 7 3*4 3% 3*4
Midwest Oil (.90) . 1 7 7 7
Mid West Refln 20. 1 2(4 2'4 2%
Minn M *11 2 .40425* 35 34 34'4
Molybdenum .50- 1 5(4 6(4 5'4
Moody ptc pf (3) 25a 17 17 ,17
Monogram Pic - fi % 14 H
Mont Ward A (7)„. 20* 160 160 160
Mount City C .26*— 1 2(4 2(4 2(4
. Nat Bellas Bess- 1 (4 '4 (4
Nat City Lines la—. 2 14% 14% 14%
Nat Fuel Gas (1)—. 4 10% 10(4 10%
NatP&Lpf (6) — - 225a 94% 94% 94%
1 Nat Sugar Refln 3 10*4 10% 10%
Nat Transit 1.10* . 2 9% 9% 9%
N J Zinc (4*1 -. 100a 68 67% 67%
NY*Hon R 2 375C-. 200* 17(4 17(4 17%
N Y Ship sb (3*> . 150* 25 24% 24%
N Y 8tK*G pf 5.10. 40* 101% 101 101
Nias Hua Pwr - 3 1% 1*4 1*4
Niles-B-P 1.25c_ 3 14% 14(4 14(4
Niplssin* h.lSt_ 1 *i % %
Northn Sta P (A)— 1 2% 2% 2%
Novadel-A* (2)_ 3 14(4 14(4 14(4
Ohio Cdis pf (6)—- 25* 98% 98(4 98%
PaeG&ES'iPf 1.3*5 5 26 25% 25%
Panteoec 011 13 44 44 4%
Penlnsul'r Tel 2.35r 100s 294 294 294
Pennrosd .25e - 4 34 34 34
Penn W & P <4>_100s 42 42 42
Phoenix Secur — 4 5 44 5
Phoenix Sec of (3) - 200a 334 33 4 334
Pioneer Oold (h.40> 1 14 14 14
Pitta & Lake 16c 60s 68 574 58
Pleas Taller W 30c 9 34 34 34
Pwr Coro Can h.lSe 60s 24 24 24
Premr Gold (h.08>- 3 4 4 4
Pressed Metals- 6 4 4 4
Producers Corp- 50 i 4 -4
Pb SvcCoi pr (6) — 10s 108 108 108
Puiet 8d P #6 pt— 200s 474 464 464
Quaker O pi 6_ 20s 150 150 150
Red Bank OH- 2 4 4 4
Reiter-Foster 4 4 4 4
Reliance E&K 1.50* 50s 10 JO 10
Republic Aviation 5 64 54 54
Root Petroleum 2 24 24 24
Royal Typewr lie). 100s 614 514 514
Ryan Conso .10*— 2 2 2 2
at Rests Paper- 62 2 4 2 4 24
I St Reals P pi - 75s 118 117 118
SchulteDAPI- 25s 94 94 94
Scullin 8tl .90*- 6 8 4 84 84
SculUn Steel war - 24 A 4 4
Selected Indus e» pt 950s 14 14 14
Shattuck-D .25*.— 4 3 4 3 4 34
Sherwln-W (3a)_ 20a 70 70 70
Singer Ml* (6a)_ 10a 141 141 141
Solar Aire .10*- 2 24 24 24
South Coaat_ 3 24 24 24
Bo Penn Oil (1.60a), 4 34 34 34
SCSdpf 11.80—. 1 274 274 274
Southn union Oa*_. 2 24 24 24
Steec and Sale*—
Dividend Rate. Add 00 BlehXow Close.
Southland Roy 38e 1 64 54 54
Spalding A O Co- 1111
Spencer Shoe- 1 214 24 24
Stahl Merer_ 14 4 4
Stand Oil Ky (la).. 4 134 134 134
Stand StI Spl.BO*.. 1 19 19 19
Stain <A> ft Cola-. 100a 94 94 94
Sterling Alum 1.26c 1 64 64 64
Sunrtr OU(.lOc) — 3 2 14 2
Tampa Klee U .SOg) 2 194 194 194
Technicolor (1)_ 5 74 74 74
TUo Roof (.80) 1 64 64 64
Todd Shipyard (8|). 10* 944 944 944
Trans-Lux (,06g)4 4 A 4
Tublse Chatillon 2 44 44 44
Tublse Chat (A) le. 100a 33 4 334 334
Udylltt .10e .. 2 24 24 24
On Oes Can (h.80a) 1 74 74 74
United Aircraft la-. 2 74 74 74
United Chemical_ 1 134 134 134
Otd Clcar-Wh- 1 A A A
United Oas — 11 A A A
United Oas pf Ba.— 850s 123 1234 1224
Utd Lt & Pwr (A) — 1 A A A
UtdLt&Pwrp/ - 7 214 21 214
Unit Sh M (2.60a) 250* 644 64 4 644
United Sh M pf 1.50 60s 424 424 424
US Poll <B> 3 34 3 3
U SAe IntSpf 3.75v . 26s 514 514 614
US Radiator - 2 II » #
UnirCorpvte - 3 84 84 84
Utah-Idaho 8 .15e 7 34 34 34
Utu Equity pf 2 50a 25s 884 384 384
Veneauela Petrol... 12 4 4 4
Vulte* Aircraft 4 84 84 84
Westm ld Coal 3.76« 60s 174 174 174
Wichita Ri» Oil - 8 64 64 64
Williams Oil-O-M - 2 24 24 24
s Unit of trading. 10 eharee. r In bank
ruptcy or receivership or being reorsemaed
under Bankruptcy Aet. or securities as
sumed by such companies Rates of divi
dends in the foregoing table are annual
disbursements based on the last quarterly
or semi-annual declaration. Unless other
wise noted, special or extra dividends are
not included xd Ex dividend. xr Ex
rights a Also extra or extras, d Cash or
stock e Paid last year f Payable In stock,
g Declared or paid so far this year, h Pay
able in Canadian funds k Accumulated
dividends paid or declared this year.
Bonds
DOMESTIC— Hl|h Dow. Cl*
Am P ft L 6* 2016 ... 105Vi 104% 104%
Appal B P «%a 70... 105% 105% 106%
Ark PAL 5s 66_105'. 105% 106%
As El Ind 4%s S3_ 42% 42% 42%
As O ft E 5s 50_ 11% 11% 11%
As G A C 5s 68 -- 11% 11% 11%
As T A T 5%s 55 A 61% 61% 81%
Bald Loco 6s 60 _113 113 113
Bell Te C 5s 57 B_114% 114% 114%
Beth Steel 6s 98_ 164 154 164
Blrm El 4%s 68 _102% 102V. 102V.
Bost Ed 2% 70 A_101 100% 101
Can Pac 6s 42 _ 88% 88% 88%
Cent St El 5s 48- 9% 9 »
Cent St El 5%i 54 .. 7 7 7
Cen 8t P A L 5%s 53.. 100 100 100
Cin Str Ry 6s 56 B._ 100% 100 100
Cities Svc 5s 50 _ 82 81% 81%
Cities Service 5s 58_ 81% 81 81
Cities Svc 5s 66 _ 84 84 84
Cities Service 5s 69 — 81 80% 81
Clt 8 P A L 6%S 62 .. 90% 89 90%
Oit 8 F A L 5%s 49 90 90 90
Comun'ty P A L 5s 57 104 104 104
Con Gas Bo 2%s 78 101% 101 % 101%
Con G E L A P 3%s 71 108% 108% 108%
Cont G A E 6s 68 A . 90V. HO 90
Cudahy Pk* 3%s 55 . 102 % l rv: % 102 y«
East O A P 4s 68 A 86% 86 88
El Pw a Lt 5s 2030 92% 92 91V,
Elm W L A R R 6s 56 123V. 133% 123V.
Fla Pwr coupn 4s 66 . 105s, 105% 106%
Florida F A L 5s 54 103% 103% 103%
Gatineau P 3%s 89 _ 85% 85% 86%
Glen Alden Cl 4s 65 88% 85s. 85%
Gobel Inc 4%s 41 A mat 62 51 62
Guard Inv 5s 48 A . 18*., 18*, 18%
Idaho Pwr 3%s 67 _198% 108% 108%
111 Pw A Lt 5%a 57 . 99% 99% 99%
111 Pwr A L 5%s 54 B 104% 104% 1(84%
111 Pw A L 5s 56 C 103% 103% 103%
Indiana Svc 5s 60 A . 78 78 W
Indianap Gs 5s 52 ... 92% 91 92%
Interst Pw 5s 57 ... 77 76% 77
Jackson G 5s 43 stp __ 49V. 49V. 49%
Jers C PAL 3%s 65 _. 106% 108% 106%
Metrop Ed 4s 66 O ... 106% 108% 108%
Metrop Ed Is 4« 71 E... 107% 107% 107%
Mldlan V RR 6s 43 ... 63% 63% 63%
Minn PftL 4%i 78_104 104 104 ,
Minn P A L 5s 55_106% 106% 106%
Miss Pw A L 5s 57_ 104 104 104
Mo Pub Svc 5s 60_ 102 102 102
Nass A Su L 6s 45_10OV. 100% 100%
Nevad Cal El 5s 56_ 95 94% 94 V.
New E GAE 5s 47_ 53% 51% 52%
New E GAE 5s 48_ 53 51% 53
New K GAE 6' 50_ 53% 51% 52%
New E Pw 5s 48 _ 84V. 84% 84%
New Or PS 6s 49 A_103% 103% 103%
No Boat Dt 3%s 47_104% 104% 104s-,
No Con U 5'n 48 A ... 68V. 68% 58V4
Ohio Power 3s 71 ... 104% 104% 104%
Ohio Power 3%s 68 .. 107s. 107% 107s.
Ohio Pub Svc 4s 62 .. 108% 107% 108%
Pac P A L 5s 55 ... 100% 100% 10(1%
Penn C L&P 4%s 77... 104V. 103% 104
Penn Elec 5s 62 H_106V, 105V, 105%
Pa WAP 3V.S 70 - 107 107 107
Phil* El P 5%s 72_114% 114% 114%
Potomac E 5s 66 E_108% 108% 108%
Lub 8ve Did 4* 89 .. 106% 106% 106%
Put 8 PftL 4%s 49 A.. 102 102 102
Put 8 PftL 5s 50 C .. 103 102% 103
»<£&L54M2::T9 To To
Ihw wfti? 4%.V47o 7d;: 19§ Hi
Bharid Wjro 6a 47 .. 100 100 100
South Cal Ed 3a 65— 100% 100% 100%
Soaldlnc 6a 89 . _. 50 49% 50
Btd GAE 6s 48 ev at.. 72% 72% 72%
Std Gas A El 6s 61 A._ 72% 72% 72%
Btd Gaa A El 6s 57_ 72s. 72V. 72%
Tex Pw A L 5s 66 .. 107V. 107% 107%
Tide Wat P 5a 79 A . 99% 99% 99s.
Twin C RT 5V,s 52 A 72V. 70% 72
tnen ft Co 6s 60 IV at. 11 11 11
Unit U A Pw 5 Vis 59 . 103% 103% 103%
Unit Lt ft Pw 6s 75 ._ 101 v« loiVi 101%
Unit L ft R D 5%s 52 100% 100 100
Unit L A R M 8s 73 A 101% 101% 101%
Va Pub Set 6s 46 . 100% 100s. loo%
Va Pub S 5%s 46 A 1 oi% 101«, inis.
Wash Wa P 3%, 64 1 07s. 1 o:% 107%
West News U 6s 44 st . 86 66 66
FOREIGN—
Aar Mort Bk 7s 47 25% 25% 25%
Rio d» Jan 6%s 59 13 13 13
Russian 5%s 21 cod 1% 1 1%
Russian 6>,s 19 mat 1% 1% 1%
ww—With warrants xw—without
warrants, n—New. st (stpi—Stamped.
$66,000,000 Plane Order
Given to Canadian Car
OTTAWA, Ontario, Jan. 37 (Ca
nadian Press).—Munitions Minister
C. D. Howe announced today the
Canadian Car <fc Foundry Co. was
being awarded a $60,000,000 contract
for about 1,000 Curtiss Navy dive
bombers, one of the latest types.
He said the order would occupy
the full facilities of the company's
Fort William, Ontario, plant, and
the greater part of the company’s
facilities at Pointe St. Charles,
Quebec, "until late in 1944."
The contract calls for 12 months
of sustained peak production, with
a maximum output of 80 planes a
month.
It was expected the first plane
would be completed early in 1943
and preliminary tooling up already
is in progress.
Dividends Announced
NEW YORK. Jan. 27.—Dividends de
clared—prepared by the Pitch Publishing
Co.:
Initial.
Pe- S’k. of Pay
Rate. riod. record, able
Johnson Automates 25e 2-20 2-28
Extra.
; Beldina-CortlceUl Ltd *2 __ 2-14 3-2
UcrttM.
| Ontario Mf( _ --26e .. 2-10 2-20
Deereaae.
I Amer Roll MiU - 25c „ 2-14 3-14
Accumulated
Corrugated Paper Bo::
1% pf 11.75 -- 2-13 3-3
Liquidating.
Unit Pub Sve S4 __ 1-31 _
Omitted.
Unit Specialties.
Regular.
Alpha Portland Cem 25c 3-3 3-25
Am Furniture 3c Q 2-12 3-1*
Atl Refining 05c Q 2-20 3-16
Detroit Gasket &
Mfr «'r pf 30c Q 2-13 3-2
Eastern Oreg L tt P $1 A 1-22
Falstaff Brewing 15e Q 2-1* 2-28
Or Lakes Dredge & Dk 25c Q 1-31 2-14
Haloid Co 25c .3-21 4-1
Hamilton Bridge Ltd 25c 2-27 3-16
Ka'-le Pr-'. 5c Q 1-31 1-31
Luther Mng _ 52 1-20 2-2
Natl ACM 5t>c 2-11 2-25
Outboard Mar h Mlg 50c 2-3 2-20
Phillips Petroleum 50c Q 2-7 3-3
Pub 8ve Indiana 25c Q 2-14 :i-l
Ry & Lt Secur Del 15c 1-26 2-2
Savage Arms 50c O 2-16 3-3
Slvyer Stl Cast 5oe 3-0 2-20
atd Oil Indiana 26e Q 2-14 3-16
Elgin Nat Wsteh_26c 3-7 3-23
Norfolk West Rq .$2.50 Q 2-28 3-10
Pltney-Bow Post Meter.llic Q 2-2 2-20
United States Treasury Position
By the Associated Press.
The position ot the Treasury January 24 compared with correspondim data a
year a*o: _
January 24. 1942. January 24. 1941.
Receipts _ *18.125,123.95 *14,359,958.10
Expenditures _ 95.244.231.50 39.005,502.90
Net balance_ 2,947,878.090.08 1,480.071,023.64
Worklna balance included _ 2.188.903.040 *5 744,528,791.13
Customs receipts for month_ 28.023.617,50 25,803,215.00
Receipts fiscal year (July 1)_ 4.823.904,820.23 3.190,905.889.87
Expenditures fiscal year___ 13.582,175.329.59 0,034.999.222.98
Excess of expenditures- 8,938.270.609.30
Gross debt _ _ *9,479,083,180.40 45,175,277.660.10
Increase orer previous day--M.*81.S34$2 „ „ ii. ...
Gold assets___,_ 11,741,633.935.10 23.093,057.948.91
Smaller Exchanges
Declared Left Out
Of Reform Plans
Chicago Market Chief
Says 'Little Fellows'
Not Consulted
BT the Anceleted Preu.
Speaking for “the little fellows”
in the securities industry, Kenneth
Smith of Chicago told the House
Interstate Commerce Committee to
day suggested changes in the 1934
Securities Act did not fully represent
the views of the smaller operators.
Smith, president of the Chicago
Stock Exchange, said the regional
exchanges "had a hard time” get
ting an audience with the Securi
ties and Exchange Commission while
the amendments the committee is
studying were being considered.
Most of the scores of amendments
were advocated at earlier hearings
by representatives of the New York
Stock and Curb Exchanges.
Walking to the witness stand from
a seat in the back of the big com
mittee room where he said he had
been waiting for days. Smith told
the committee “I kind of got in the
habit of being in the back of the
room” from the time the industry
commission conferences at which the
amendments were drafted started.
“In some of the conferences, when
the work was well advanced, we par
ticipated,” Smith declared. "But we
were made to feel like a stepchild
in a family council. • • • The
little fellows made suggestions but
there is no evidence anywhere that
these suggestions received any con
sideration.”
“Chiseling a temporary advantage
for the exchanges or for the over
the-counter markets or for the in
vestment bankers will effect no per
manent cure,” he added.
Smith suggested that the S. E. C.
“could well afford to reorient its
viewpoint."
“We have had enough of repressive
regulation," he added.
Washington Produce
BUTTER—93 score, tubs. 38; 1-pound
prints. 384; -pound prints. 39; 92 score,
tubs. 1-pound prints. 37; ‘4-pound
prints. 37‘4: 91 score, tubs. 3ft14: 1-pound
prints. 3534: U-Pound prints. 3fll4; 90
score, tubs. 35: 1-pound prints. 35*?: *4
pound print*. 3«: 89 score, tubs. 34V*: 1 -
pound prints. 35: >4-pound prints. 35
88 score, tubs 34: 1-pound prints, 34‘4;
Vk-pound prints. 35
LIVESTOCK—Calves. 15; spring lambs,
11 Va.
From Agricultural Marketing Service.
Prices paid net f ob. Washington:
EGOS—Market steady. Prices paid for
Federal-State graded eggs received from
trading stations (January 27): Whites, U.
S. extras large. 38-38. mostly 38; U. S.
extras, mediums. 33-34, mostly 33: U. 8.
standards larre. 34-38. mostly 34; U. 8.
trades. 32. Browns. U. 8. extras, large.
35-38. mostly 35 U 8. extras, mediums,
32-34; U. 8. standards, large. 33-35: U. 8.
standards, mediums. 31-32; U S. trades.
28-32; nearby ungraded eggs, current re
eeipti. whites, mostly some of bet
ter outllty, hetvlrr weights, up to 34;
mixed colors, mostly 30. Receipts. Gov
ernment graded eggs. 543 cases.
LIVE POULTRY—Market steady Fowl,
colored 4 pounds and up. 20-21: Leghorn
hens. 3V4 pounds and up. 14-15; No. 2s.
10. Roosters. 14-15. Chickens. Virginia
Rocks, broilers and fryers, all sizes. 21;
No. 2s. 13-14. Delaware and Maryland
Rocks and crosses, broilers and fryers, all
sizes. 21; No 2s. 13-14; Reds. 19-20.
Capons, fi-fl pounds, 25. 7 pounds and up.
28. Turkeys, young toms. 18 pounds and
up. 25: young hens. 10 pounds and up.
28-29; No. 2s and undersize'. 18 Guineas,
young, all sizes. 25 per pound; old, 10.
New York Cotton
By the Associated Press.
NEW YORK, Jan. 27 —House ap
proval of the price-control bill
brought active buying Into cotton
futures today. Values moved to new
12-year highs with gains of more
than $1 a bale.
Heavy profit taking and hedging
was attracted on the bulge and
prices lost a good part of the earlier
gains.
Following the sustained advance
of recent sessions buyers showed
1 more caution at the present high
levels.
Late prices were 25 to 45 cents
a bale higher. March selling at
19.40, July 19.62 and December 19.72.
Futures closed 25 to 5<» cents a bale
higher.
Open. High. Low. Last
March __ 1940 1957 19.37 19.40-42
May _ 19 53 19.72 19.5(1 19.53
July _1W.59 19.79 1959 1H.H2
Oct. _ 19.7(1 19 88 19.fid 19 71
Dee. _ 19 73 19 93 19 70 19.75
Jan 19 89 19 91 19.75 19.80
Middling spot. SO.Pfin.
Cottonseed Oil.
Bleach able cottonseed, oil futuros cioocd
unchanged. Bales. 22 contracts. March.
13 08b; July, 13.98b.
New Orleana Price*.
NIW ORLEANS. Jan. 27 ((Pi —After ad
vancing to new seasonal highs here today,
cotton futures felt heavy long realizing
which wiped out most of the rise. Closing
prices were steady. 2 to 5 points net higher.
Open High. Low. Close.
March 19.50 19,HR 1944 1945
May _ 19. HI 19.8(1 19 58 19.58-59
July_ 19 R8 19.89 19.65 19.85-66
October 20 08 20 09 19.90 19 87b
December 19.94b 19.93b
January 20.01 20.01 20.01 19 97b
Cottonseed oil closed dull. Bleachible
prime summer yellow unquoted Prime
crude. 12.50b March. May. July and Sep
tember. 13.H7b.
b Bid. n Nominal.
Stock Averages
30 15 15 SO
Indus. Ralls. Util. 8tks.
Net change +.2 unc. +.1 +.1.
Today, close 54.5 17.3 26.2 38.1
Prev. day 54.3 17.3 26.1 38.0
Month ago 54.3 14.6 25.9 372
Year ago 61.4 17.2 35.1 43.6
1941-2 high 63.9 19.0 35.5 45.0
1941-2 low. 51.7 13.4 24.5 35.4
1940 high.. 74.2 20.5 40.6 52.2
1940 low... 52.3 13.0 30.9 37.0
60-Stock Range Since 1927:
1938-30. 1932-37. 1927-20.
High ... 54.7 75.3 157.7
Low_ 33.7 16.9 61.8
(Compiled by the Associated Press.)
Bond Averages
!20 10 10 10
Rails. Indust. Util. F’gn.
Net change —.2 unc. +.1 +.1
Today, close 64.3 103.3 100.5 44.0
Prev. day . 64.5 103.3 100.4 439
Month ago 60.6 102.9 99.7 41.2
Year ago 642 1049 101.0 409
1941-2 high 66.5 105.4 102.2 51.4
1941-2 low 58.3 102.6 989 38.0
1940 high.. 61.4 1059 100.7 53.5
1940 low... 48.3 989 902 35.1
10 Low-Yield Bonds.
Close .. 1122 Prev. day. 112.6
M’nth ago 1122 Year ago 114.0
41-42 high 115.1 41-42 low 112.1
1940 high 114.6 1940 low. 108.4
(Complied by the Associated Press)
London Market
Eases in Dull
Dealings
By the Adfoei&ted Press.
LONDON, Jan, 27.—Stock market
prices eased today from the opening
and finished a quiet trading session
at the levels set In the first hours.
Discouraging reports of 'Libyan
operations overbalanced optimistic
news from the naval action in Ma
cassar Strait and the arrival of
American troops ln^North Ireland.
British funds were almost idle and
foreign bonds shaded lower. Oils
held about steady in light volume
and Kaffirs were dull. Industrials
generally held to quotations estab
lished in the early downturn.
Standard Gas Wants
To Help Finance
Louisville Gas
Asks S. E. C. Approval
Of Stock Purchases as
Offerings Lag
By the Associated Press.
Permission of the Securities and
Exchange Commission for Standard
Gas & Electric Co. to buy common
stock of its subsidiary, the Louisville
Gas & Electric Co. of Kentucky, was
asked today by officers of those con
cerns.
The treasurers of the respective
concerns told S. E. C. Examiner
Robert R. Reeder that parent com
pany purchasing was necessary be
cause the public and dealers were
not taking sufficient amounts of
the stock to meet L. G. <fc E. finan
cial requirements.
J. J. McKenna of L. G. & E.
testified that his company needed
$500,000 a month from sale of the
stock to complete a $7,000,000 con
struction program undertaken in ex
pansion of facilities to provide
power to companies “necessary to
the national defense.”
The Louisville man added that
150,000 shares were offered last Oc
tober at $23.50 to private investors
and $22.75 to dealers, and that
through January 12 only 23.795
shares had been sold in this manner,
10.277 of them going to dealers and
brokers. Standards Treasurer George
W. Knourek, Chicago, said his com
pany proposed to supplement public
buying by taking as many shares at
$22.75 each as would be necessary
to bring total shares to the $500,000
monthly needed by L. G. & E.
Both McKenna and Knourek re
j ported that they did not know
i whether there was any understand
j ing between the parent concern and
its subsidiary at the time the stock
was issued that the parent would do
supplementary buying, if necessary,
at $22.75 a share.
“I felt confident we could sell that
stock to the public," McKenna said,
adding that “a number of unfor
seen things have happened since
then.”
Knourek testified under question
ing by S. E. C. Attorney Frederick
Zazove that Standard's proposed in
vestment in the stock would yield it
6.59 per cent.
No opponents of the proposal ap
peared and Examiner Reeder re
cessed the hearing “until further
call” at the request of Zazove, who
said he wanted the additional time
to “see what turns up.”
Freight Loadings
NEW YORK. J»n. 27 <8V—Revenue
freight care handled bv railroads reporting
today for th* week ended January 24 In
cluded:
Jan. 24 Prev. wk. Yr ago
Seaboard Air Line 18.52.5 17.187 16.389
Bantg Te 32.177 31.068 25.477
Erie _ 31.244 30.427 26.833
Burlington .3(1.742 30.834 23.608
North Western 33.152 .32.955 26.173
Southern Railway 47.239 46.16k 41.173
St. Paul 34.311 .74 443 29.097
Reading 4.3.427 40.709 36.543
Missouri Pacific .31.508 29.828 25.801
Rock Island _ 31.286 29.082 24,785
Jersey Central 25.366 23.836 20.467
Frisco 17.951 17.325 14.226
, Lackawanna 18,885 19.457 17.404
Northern Pacific 15.756 15.869 13.224
Chesap A Ohio 36.303 35.802 32.071
Pere Marquette 12.995 12.579 12.418
Nickel Plate 21.876 20.675 17.702
Southern Pacific 48,«4« 48.357 37.629
Illinois Central.-45.085 44.591 34.340
New Haven ._ 29.648 28,459 24 656
U. S. Treasury Notes
NEW YORK. Jan 27 UP\.—Prices quoted
in dollars and thirty-seconds.
Approx.
Pet Mo. Year. Bid. Aaked. yield.
1*4 Mch.. 1942 ... 100.5
2 Sept., 1942 101.13 101.16 -II
ls« Dec., 1942 _101.22 101.24
•*4 Mch,. 1943 _ 100.8 100.12 .42
IV* June. 1943 ... 101.11 101.13 .11
1 Sept.. 1943 ... 101.8 101.10 .19
l1* Dec.. 1943 —. 101.21 101.23 .21
1 Mch, 1944 _101.15 101.17 .28
*4 June, 1944 _ 100.29 100.31 .34
1 Sept,. 1944 _ 101 20 101.24 .3.3
•s« Sept., 1944 _ 99.31 100.1 .74
J4 Mch.. 1945 _100.31 101.1 .42
•J4 Dec., 1945 ... 99.25 99.27 .78
•1 Mch.. 1948 ... 99 30 106 1.00
•Sublect to Pederal taxea. but not to
State income taxea.
Foreign Exchange
NEW YORK. Jan. 27 uF—Late foreign
exchange rates follow (Great Britain in
dollars, others In cents):
Cand*—Official Canadian Control Board
rates for United States dollars, buying
10 per cent premium, selling 11 per cent
premium, equivalent to discounts on Ca
nadian dollars In New York of buying 9.91
per cent, selling 9.09 per cent. Canadian
dollar In New York open market. 11% per
cent discount, or 88.12'* United 8tates
eenta.
Europe—Great Britain, official (Bankers'
Foreign Exchange Committee rates), buy
ing 4.02, selling 4.04. open market; cables,
4.04.
Latin America—Argentina, official. 29 77;
free. 23.65: Brain, official. 8.06n: tree.
5.18+«n; Mexico. 20.70n.
(Rates in spot cables unless otherwise
indicated.) n Nominal.
Baltimore Livestock
BALTIMORE. Jan. 27 dpi (U. 8. Daot. of
Ainculturei.—11 a.m. quotations.
Cattle—loo Very little here: market
largely nominal: part load common 970
nound steers. 10.75; few eanner cows.
6.25-50: Individual strictly good 1.310
Dound beef bred cows. 9.50; light-weight
shelly canners. 5.50 down.
Calves—60. Largely nominal: few sales
cull to medium vealers, 10.00-14.00; quota
ble top ground 15.00.
Hogs—350 Steady with Monday; prac
tical top. 12.40: good tnd choice. 160-210
pounds. 12.16-40; 140-180 pounds. 11.05
12.20: 130-140 pounds and 220-240
pounds. 11.75-12.00: 120-13(1 pounds.
11.65-90: 240-260 pounds. 11.50-76; 260
300 pounds, 11 30-55; packing sows, 9.90
10.40.
8hccp—25. Nominal.
Henderson Appeal
For Compromise on
Price Bill Reported
Senate Prepares to Act
On Measure Approved
By House, 286 to 112
B7 the Auocieted Priu
Acting Price Administrator Leon
Henderson was reported today to
have made a last-minute appeal
to Senators for final approval of
compromise price-control legis
lation.
Well-lrformed sources said that
he had written a letter to Senators
In an attempt to refute any implica
tion that he believed the pending bill
would not achieve the degree of
price control that current conditions
warrant. It also had been reported
that Republicans might try to block
President Roosevelt’s expected ap
pointment of Mr. Henderson as ad
ministrator once the bill becomes
law.
Some Senators were reported to
have said that there was no good
reason to have an administrator who
believed the legislation he was to
direct would be ineffective.
Approval Today Forecast.
Meanwhile, Senate Majority Lead
er Barkley told reporters the confer
ence report on the price bill probably
would be approved today. He pre
dicted approval also for the war
powers bill which was debated in the
Senate yesterday.
Senator Barkley's comments were
made at the White House after he
and other congressional leaders had
held their weekly legislative consul
tation with the President.
These developments came as the
Senate prepared to call up a Senate
House compromise on the contro
versial price legislation which the
House approved yesterday by a vote
of 288 to 119.
Senator Brown, Democrat, of
Michigan, floor manager for the
bill, also said that the ceil
ings on 23 of the 25 major farm
crops apparently would be affected
by only one of the three agriculture
limitations in the bill—that pro
hibiting the imposition of a ceiling
below 110 per cent of parity. Only
cotton and potatoes, he said, would
be affected by other stipulations
that ceilings could not be fixed be
low the market levels of October 1
and December 15 or the average
price from 1919 to 1929.
These farm restrictions—which
originally spilt both the House and
Senate and evoked the bitter criti
cism of the President before they
were worked out finally—went vir
tually unnoticed In the rough and
tumble House debate yesterday.
Instead, arguments centered
around a provision that the Price
Administration Office be authorized
to require licensing of businesses
to make the program effective and
another that a board of review be
created to restudy any price ceiling
orders that might be promulgated.
Wolcott Proposal Detested.
Under the leadership of Repre
sentative Wolcott, Republican, of
Michigan an attempt was made to
eliminate the licensing sections and
to restore the review board once
approved by the House. But that
double-barreled proposition was de
feated. 309 to 189.
Representative Wolcott declared
that the legislation, which Mr.
Roosevelt requested last July, would
have been approved five months ago
if Congress had had confidence in
Mr. Henderson.
Majority Leader McCormack took
occasion during the animated de
bate to say that reports that the
President might veto the bill were
unfounded, but he did say he be
vieved that additional legislation
might have to be passed "to cor
rect some of the defects in the pres
ent bill."
The legislation, first requested by
t President Roosevelt last July, would
| give a price administrator authority
i to fix ceilings on nrices. in his dis
cretion, as well as rents in defense
areas. Licenses could be required
for the conduct of almost any busi
ness. If provisions of a license were
violated the offending party would
be warned, then the Government
could petition a State court to sus
pend it. That court might, after
a hearing, suspend the license for not
longer than 12 months and the ag
grieved party could appeal through
normal court channels.
Odd-Lot Dealings
B> tpc Associated Press
The Securities Commission reported to
day these transactions by customers with
odd-lot dealers or specialists on the New
York Stock Kxchanre for January 26:
2.700 purchases involvina 70.466 shares;
2.621 sales Involving 60.240 shares, in
cluding 43 short sales involving 1.371
shares.
COMMERCIAL
APARTMENTS
RESIDENCES
LOW INTEREST RATES
Mblker<Punlop
120015«* ST. «LW! DIST.0222
Property Management
JttOU will find it such a con
Jjf venience to place the de
tails of management of your
apartment house and residen
tial properties in the hands of
our Property Management De
partment. Experienced service;
nominal fee.
B. F. SAUL CO.
925 15th St. Natl. 2100
Mortgage Loan*
Advertising Manager
Named by Colgate
By the Auoclited Priu
new YORK. Jan. 27.—The ap
pointment of Robert E. Healey as
advertising manager of Colgate
Palmollve-Peet Co. was announced
today by E. H. Little, president.
Healey has been in the advertising
department of the company for sev
eral years.
Tire Shipments Cut
Sharply by Federal
Freezing Order
Volume for December
Off 47.8 Per Cent
From Year Ago
Bj the Associated Press.
NEW YORK. Jan. 27.—The Fed
eral order freezing stocks of tires
dropped December shipments of au
tomotive casings to 2,604,022 units,
35.7 per cent under November's to
tal and 479 per cent under Decem
ber, 1940, the Rubber Manufacturers’
Association said today.
December production, 2.967,387
units, was 25.1 per cent under No
vember and 40.3 per cent under
December of 1940.
Casings shipped for original equip
ment purposes in December totaled
1588,798, a drop of 28.5 per cent
from November and 509 per cent
below shipments in December, 1940.
Replacement shipments for the
month were 1578,854 casing, 40.8
per cent off from November and 42.8
per cent below the comparable
month of 1940.
Stocks in the hands of manufac
turers December 31. 1941, were
4,416,640, against 4,042.995 at the end
of November and 9,126,528 on De
cember 31, 1940.
Shipments of inner tubes for De
cember totaled 2390515 for all pur
poses, including export, against
3,824.665 in November and 4.643,781
in December of 1940. Stocks on hand
December 31, 1941, were 4,678.407,
against 4.377,171 a month earlier
and 7,016.948 on December 31, 1940.
Oil Output Gains.
TULSA, Okla.. Jan. 27 i/Pi— An
increase of 277514 barrels to 4,321,
454 in the daily crude oil production
of the United States for the week
ended January 24 was reported to
day by the Oil and Gas Journal.
Texas production was up 223,800
to 1,725,600: East Texas, 70900 to
439.800; California, 17,000 to 650,750;
Illinois, 29,590 to 367.160; Louisiana.
4.855 to 366380; Eastern fields, 1.300
to 110300; Oklahoma, 1325 to 417,
150, and the Rocky Mountain States,
40 to 107,500.
Michigan production was down
, 2.400 to 48500; Kansas. 650 to 254500.
PIANOS for RENT
ChooM irom n#w
and used spinets, ,
grands, consoles 1
and uprights oi
good makes. Rea
sonable rates. ..
TELEPHONE HEPVBL1C 6212
VTTT'C 1330 G STREET
A A A A IJ (Middle ol the Block)
LEDGER
SHEETS
sWalcottTaylor Col Inci
MILLS BLDG. i:
MEtro. 5846
■ H I Hr 1
CURRENT RATES!
LOW PAYMENTS!
NO COMMISSIONS!
NO RENEWALS!
^Dradential
JTllutidinq
^Association
j 1331C $T„ N.W.
01*6270 Suin 304*14
Preferred Dividend
Ordered by United
Aircraft Corp.
75-Cent Payment
Will Be First on
New Issue
B7 the Associated Press
HARTFORD, Conn., Jan. 27.—The
Board of Directors of the United
Aircraft Corp. declared a dividend of
75 cents per share on the new Issue
of 265,669 shares of 5 per cent cumu
lative preferred stock, It was an
nounced today.
The dividend Is the first to be
paid on the issue which was author
ized at a meeting of stockholders
last December and Is payable on
March 2 to stockholders of record
at the close of business on Febru
ary 16.
United Public Service.
WILMINGTON. Del.. Jan. 27 —
Directors of United Public Service
Corp. authorized yesterday distribu
tion of $4 a share to stockholders of
record January 31 as partial pay
ment of net assets in excess of
capital.
It was pointed out the payment
does not represent a dividend pay
able out of earnings, but is a dis
tribution of the major portion of the
asset value represented by the cor
poration's stock.
On December 30. 1941, United
Public Service sold its principal
assets consisting of *1,200,000 in
come note and 16.000 shares of Ken
tucky Power <fe Light Co. common
stock for *1,200,000 plus accrued In
terest on the note.
We Have for Sale
First Mortgage Notes
Secured on
new detached brick
residences.
Denominstiens ef SMS up
Bradley, Bead ft Howard, Inc.
Established Nearly 40 Years
Southern Building NA. 0271
CASUALTY INSURANCE
and all torm$ nf Inturgnct
7%Q$.£.J}aWu$
REALTORS
721 Tenth Street N.W. NAt. 07«8
MORTGAGE
LOANS
Fovorobl* Rot#
nmsT debd or mrr only
GEORGE I. R0R6ER
643 ladlana An. R.W.
Nat’l 0660
Set your goal for—
• The most modern of
structures was built
brick upon brick—every
fortune was gathered a
dollar at a time!
• Set your goal for $1,000,
$5000 or”$10,000 and
save accordingly — put
ting aside a definite
amount each week or
each month.
• Remember, every mem
ber's account is PER
MANENTLY INSURED
as to Safety ap to
$5,»0« by an Agency of
the United States Gov
ernment.
A PUBLIC SERVICE: This
Association has been appointed
a qualified Agent to issue Series
E—U. S. Defense Bonds. This
strict is open to the public.
a
District 2340
FIRST F0(RtiL
Sdvincs add Loan
assoaarion
Conveniently Located:
61013th St. IV.W. (Bet. F&G)
(N» Branch Offices)
, REFINANCING
REMODELING ... ^
NEW HOME PURCHASE
A Colombia Federal
Loan will mIt. year
home financing prob
lems ...
• All monthly pay
ment. applied directly
to loan balance.
A No commission, or renewal*.
• No red tape or waiting.
Loans Available in D. C. or
Nearby Maryland and Virginia

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