The Washington times. [volume] (Washington [D.C.]) 1902-1939, March 21, 1931, Image 16

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The Washington times. [volume], March 21, 1931, Page 16, Image 16
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The Washington times. [volume] (Washington [D.C.]), 21 March 1931. Chronicling America: Historic American Newspapers. Lib. of Congress. <https://chroniclingamerica.loc.gov/lccn/sn84026749/1931-03-21/ed-1/seq-16/>

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16
Profit Taking Blocks Progress of Slothful Bull Market
SHORT SELLERS
HELP LOWER
PRICES
•
Steel, Copper and Oil Stocks
Are Sold by Professionals
As Session Draws to Close
By W. S. COUSINS
NEW YORK. March 21 (1.N.5.).
The week-end stock market was
unsettled by the same brand of
profit taking and short selling
which blocked the progress of the
bull market near the close of Fri
day’s session.
A few of the pool favorites
pushed ahead vigorously in the
first hour. Auburn Auto jumping
5 points to 214 */ 2 and Stone &
Webster 4 points to 54 ’/2.
These upshoots were offset by
weakness in Westinghouse. Liquid
‘Carbonic, etc., the latter breaking
to 44 Vi, for a loss of 9 points
from yesterday’s high price.
Reviews Optimistic
'• The business reviews pointed
out the continuance of the recov
ery in important lines, some of
which have been stimulated by
-Easter and spring buying. Steel
and automobiles also show up well
In the achievements of the week.
The gas and electric light and
power stocks were under pressure |
’ and fell off about a point on the
average. This was in line with
; expectations, in view of the sharp
upward move that has taken
place since.
. Consolidated Gas at 107 showed
a loss of l'A for the day and 2’z
points from the high of a 12-
point rise. United dipped frac
tionally to 30 and Electric Power
dropped off l’A to 59.
General Electric and Radio
Keith, two of the week's favor
ites, reached new high price
ground for the year, the former
at 48 and the latter at 24 ¥2.
Westinghouse fell off 3¥2 points
to 91% and Air Reduction lost
3 points.
Late Trading Slows
The steel, copper and oil stocks
, were freely sold by the profes
sionals as the market swung into
the final period. Diamond Match
sold off nearly 2 points at 20 ¥2,
and Columbia Graphophone
reached a new low on the move
at 13%, down 1%.
Trading slowed up in all sec
tions and the market was dull
and irregular near the close.
POWER EARNINGS UP
Preliminary earnings of North
ern States Power Co. for 1930
show an increase in gross earn
ings amounting to $517,842 or
1.58 per cent and a decrease in
net earnings of $181,259 or 1.08
per cent, compared with the pre
vious twelve months, according
to John J. O’Brien, president,
Byllesby Engineering and Man
agement Corp.
WASHINGTON PRODUCE
Apples—Bushfil baskets: Supplies
moderate. Demand moderate, market
steady Virginia. T’. J 5. No- \
Inches up. Staymans. $1.75^i ) 2: Yorks,
SI. 1.50. Barrels, supplies light. De
mand light, market steady. New York.
U. S. No. 1. 2’i inches up. Rhode
Island greenings, s4.so (it 5. Boxes: Sup
plies moderate. Demand light, market
steady. Washington. extra fancy,
megdium to large sizes. Delicious, s3®
3.25; Staymans, $2.25@2 50.
Cabbage—New stock: Supplies moder
ate. Demand light, market steady.
Florida. 1 bushel hampers, pointed
type, best >l-25; poorer, sl. Old stock:
Too few sales reported to quote.
Celery—Supplies moderate- Demand
moderate, market about steady. Florida,
"10-inch crates, crate-wasHtd and pre
cooled. 6-8 dozen, $3.25; 3-4 dozen,
< $?. 2’4 dozen. >2.25.
Lettuce —Supplies moderate. Demand
light, market steady. California, crates.
Iceberg type, 4-5 dozen, >3.50@3.75;
fair condition. >3.25.
On ions — Supplies moderate. Demand
flight, market about steady. Michigan
and Ohio. 50-pound sacks. Yellows,
U. S. No. 1. 7t)fD7sc.
Potatoes--Old stock: Supplies liberal;
demand moderate: market steady.
Maine, Green Mountains I’. S. No. 1.
150-lb. sacks. $3.?5; 120-lb. sacks. 12.50
Nev Round Whites U. S.
No. 1. 120-|b. sa ks. >2 25@2.30. New
stock: Supplies light; demand light,
market dull Florida. bushel crates
Bliss Triumphs U. S. No. 1. $2.60 &
Strawberries—Supplies moderate: de
mand moderate, market slightly weak
er. Florida, pony refrigerators and
24-qt. crates various varieties best 40c,
fair condition, 35c per at., best 20c,
fair condition 15c per Pt. Late sales
Friday—Florida, pony refrigerators var
ious varieties pints, ordinary quality
and condition. 12 per pt.
Tomatoes —Supplies moderate: de
mand moderate; market steady. Re
packed: Various sections, threes, ripes.
wrapped. Fancy count. $3
choice count. >2.50@3: poorer all sizes,
|l@2.
Snap Beans—Supplies light: demand
moderate; market steady. Florida,
bushel hampers green. Flat type best,
$5@5.50; fair condition, $4@4.50; ordi
* nary quality and condition. >3@3.50.
Cauliflower —Supplies moderate; de
mand light: market steady. California.
Pony crates. >2.10@>2.25. .
Carrots—Supplies moderate; demand «
moderate; market steady. Texas. West
ern lettuce crates. $2.50.
Spinach— Supplies moderate, demand
light; market shout steadv. Texas,
bushel baskets Savoy type. mostlv
around $1 00.
Beets —Supplies moderate; demand
light: market steady. Texas. Western
lettuce crates. $2.50.
Kale —Supplies light, demand mod
cerate; market steady. Norfolk Section
Virginia, bushel baskets. sl.lO.
Collards —Practically nc supplies on
the market.
Turnip Greens —Suplies light; demand
moderate; market slightly stronger.
-'North Carolina, bushel hampers, 11.00
• 1.25.
Peppers—Supplies tight; demand mod
erate; market steady. Florida, pepper
-orates, $6.25®5.50.
Oranges—Supplies liberal; demand
moderate; market tlrm. Florida, boxes.
. all sizes. J3,75©4.25.
Grapefruit—Supplies moderate: de
mand light; market steady. Florida,
boxes, all sizes, |2.25@2.50.
Poultry— Alive. Turkeys, prime, 32@
np; ducks. 20c: roosters. 14c; broilers. ,
Iff 2 pounds. 38® 42c; spring chickens. I
It .e. 33@35c: medium. 33®S5c; small
■ 33«?55c. Fowls. Ir.rge, 25c: medium.
. 23® 24c; leghor n fowls, 164218 c; hears. I
* io®6oc; old 35 Wide. Dress’.l turkeys, j
15ff:'.8c; spring chickens. large. 35c;
medium. 35c; small 35c. Fowls, large. ,
25c; medium. "2c. leghorn fowls,
15 iff 20c. Ducks. 23® 25c.
Eggs—White hennery, 21c; current I
receipts, 20c.
Calves—9 ®jHc. I
I TODAY’S QUOTATIONS ON THE NEW YORK STOCK MARKET
Prev 1931 >sme and Net
High bow Dividend Rets High bow Close Cb’gs
* A--
14% 9 Abitibl Power.... 12 11% 11% - %
52 39 Abit Pw pf (6).... 44% 44% 44% - %
23': 16% Adams Exp (1.60). 21% 21% 21%
29% 22% Adams Mills (2).. 31% 28% 31%
11% 5% Advanca Rumely. 10%' 10% 10% + %
% % Ahumada L’d.... % % %
109% 92% Air Reduction.... 10% 99 99 -3%
10% 6% Airway El Ap (.60) 7% 77% + %
9% 7 Alaska Jun (.40).. 9% 9 9%
12% 7% Alleghany Corp... 10 9% 10 + %
182% 147% Allied Chem (6a). 159% 156% 157 -2%
42% 32% Allis Chaim (3)... 38% 37% 37%- %
21 17% Amerada (2) 23 21 21%+ 1%
38 32 Am Brak Sh (2.40) 35% 35% 35%
12% Am Br 80ver1.... 10 9% 10 4 %
129% 10634 Am Can (4a) 127% 126 12635'- 1%
43% 29% Am Chain (3) 38% 38 . 38 - %
48% 38% Am Chicle (2a).... 48% 48 48 - %
21%' 14% Am Colortyp (2.40) 19% 19% 19%- %
14.%' 9 An. Coml Ale 10% 10% 10% - %
33% 19 Am Europ Sec... 32% 32% 32% — %
51% 26% Am For P 47% 46% 46%- 1
64 47% Am Hom Pr (4.20) 63% 63% 63%- %
31% 23% Am Ice (3) 29 28% 28% - %
26 18,% Am Inter (2) 21% 20% 20% - %
30% 20% Am Locomo (2)... 28 28 ' 28
43% 31 Am Ma & F (1.40a) 43 42% 42% - %
64% 45 Am Pow & L (la). 59% 58%' 58%- 1%
21% 15% Am Rad &SS (1). 21% 20% 20%- %
12% 7 Am Republics.... 113 s 103% 11
37% 26% Am Roll Mill (2). 33% 32% 32%- %
66 57 Am Safet Ra (5).. 58% 58% 58% - %
58% 40% Am Smelt (4).... 52% 52% 52%- %
31% 25 Am Steel Fou (3). 29 28% 29 + %
48% 37 Am Stores (2a)... 48% 48 48 + %
58% 42?, Am Sugar (5) 57% 57% 57%- %
11% 8 Am Sumatra 9% 9 9
201% 176% Am Tel & Tel (9). 194% 194,% 194%“ %
120% 104 Am Tobacco (5).. 1171, 116% 117%- 1%
122% 104% Am Tobac B (5).. 120.% 119% 119%'- 1
80% 53% Am Water W (3).. 73% 73%' 73%- 1
11% 6% Am Woolen 10% 10% 10% — %
39 21 Am Woolen pf... 38% 36% 38%'+ 1
43% 29% Anaconda (234).. 39 37% 38%— 1
36 27 Anch Cap (2.40).. 30% 30% 30%+ %
18 15% Archer Danis (2). 16 16 16 - %
4% 2% Armour 11l A.... 3 2% 3
2% 1% Armour 11l 8.... 1% 1% 1%
47 25 Arm 11l pf (7).... 26% 26%' 26%- %
29% 22 Asso Dry Gd (234) 28% 28% 28%- %
203% 17834 Atchison (10) 188% 188 188 + %
23% 18 Atlantic Resin (1). 19% 19% 19%
13% 8% Atlas Stores (D... 11% 11% 11% + %
217% 101% Auburn Auto (4a). 216% 206% 214%+ 5
63s 3 Aviat Corp (Del). 5% 5 5 - %
-27%
27% 20% Bald Loco (1%)... 27% "26% 27 - %
87% 683s' Balt & Ohio (7)... 74% 73% 73%- 1%
80% 72% Balt & Ohio pf (4) 78% 78% 78% - %
66% 56% Bangor &Ar (334) 60% 59% 60%
14% 11% Barnsdall A (2)... 12% 11% 12%+ %
81 65 Beatrice Cr (4).... 79% 77% 77% -2%
25% 16% Bendix Aviat (1).. 24% 23% 23%— %
46% 32% Best &Co (2).... 453% 44% 44%
70% 45% Bethleh St (6)... 64% 63% 63%- 1
123%' 114% Beth St pf (7).... 123% 123% 123%
29 24 Blaw Knox (134). 27% 273 s 27%+ %
37% 20% Bohn Alum (134).. 37% 36 36 -1%
76% 673 s Borden Co (3).... 75% 75% 75% 4 3s
30% 20% Borg Warner (1). 30% 29% 29% —1
22% 16% Briggs Mfg (134a). 22% 21% 22 - %'
69% 58% Bklyn Man Tr (4). 67 64% 67 + 1%
129% 103 Bklyn Un Gas (5) 126% 126% 126%- %
20% 14% Bucyrus Erie (1). 17% 17,% 17%,+ %
34% 25 Bucyrus E pfd (7) 32% 32% 32%+ %
13 9 Budd Wheel (1)... 11% 11% 11%- %
23 11% Bullard Co 17% 17% 17%+ %
32% 21,% Burroughs Ad (la) 28% 28% 28% - %
20% 12% Butterick 18 17% 17%- %
88% 37% Byers A M 58,% 5635' 57 -1%
C
43% 36% Calumet & Ar.... 40,% 403» 40%~ %
15% 11% Campbell Wy (2). 15% 15 15%+ %
40% 29% Canada Dry (3)... 37% 37% 37%+ %
45% 383 s Can Pac new (2 34 ) 42% 423 s 42%+ %
131% 81% Case J I (6) 119 116% 116%- 2
52% 26% Caterpil Trac (3a) 46,%' 45% 45%— 1%
14% 5% Celotex Co 13,% 13 13%+ %
30% 22% Cerre de Pasco (2) 27% 27 27 — %
5% 2% Certainteed P.... 6% 6% 6%+ %
23% 12 Checker Cab (1.80) 14,% 14 14
54% 40 Chesapß Cor (3).’. 45,% 45 45 — %
46% 39%' Ches & Ohio (2 34 ) 41% 41% 41%- %
7% 6% Chi Great Wes... 6% 6% 6%- %
26% 19%' Chi Grt W pf.... 25,% 25 25 + ,%
8,% 5,% CMSt P & P... 77 7- %
15% 93, CMStP &P pf 11% 11% 11%+ %
153 s 9,% Ch Pneumatic.... 11,% 11,% 11,%- %
65,% 47% C Rock I& P (7). 58% 58% 583,-1
33% 2534 Childs Co (2.40).. 32% 32% 32%'- %
25% 15J 8 Chrysler (1) 24% 24% 24% %
4% 2%' City Stores...... 3% 3% 3%— %'
170 142% Coca Cola (6) 163 163 163
5034 47 Colg Pal Peet (234) 49 49 49 - %
17% 9 Collins & Aik.... 14% 14% 14%
10%' 93, Col Beacon 0i1... 9 9 9
32% 21% Col Fuel &Ir (1). 26 26 26
45% 33%’ Columb Gas (2).. 45%' 43% 44 -1%
16% 7% Col Grapho (.75). 14% 12% 13 -1%
111% 73% Col Carbon (5a)... 100%; 59% 99% 71%
23% 183 s Cornel Credit (2).. >2l%' 21% 21%- %
21% 15% Com Solv (1a).... 20 19% 20 — %
12 8 Com & Sou’n (.60) 11% 11% 11%- %
11% 6% Congol Nairn.... 1034 10% 10%
37% 25% Consol Cigar (5).. 34 34 34
15 9% Cons Film (2).... 9,% 9% 9%
1834 15%' Cons Film pf (2). 18 18 18
109% 82%' Consol Gas (4)... 108 107 10734“ 1%
104% 101% Consol Gas pf (5). 103 102% 103 - %
. 1% % Consol Textile.... 1% 1% 1%- %
8,% 5 Container A (1.20) 6% 6% 6%'+ 1%
30 17% Cont Baking A... 25 25 25 - %
3% 2% Cont Baking 8.. 2% 2% 2%- %
59% 47 Cont Can (2 34)... 59% 59% 59% — %
16% 10% Cont Dia Fibre (1) 14% 14% 14%'
51% 41 Cont Ins (2.40)... 4834 48% 48%- %
4% 2% Conti Motors 43s 4 43s' + %
12 9% Continental 0i1... 9% 9% 9%
12 8% Cont Sh Inv (1).. 9% 9% 9%+ %
86% 76% Corn Products (3a) 85% 85 85%-%'
18 8% Coty Inc 14% 14% 14%- %
34% 27 Cream of Wh (2a). 33% 33% 33%
63 50 Crucible Steel (5). 49% 48 48 -1%
534 3 Cuban-Am Sug... 5 4% 5 + %
48% 41 Cudahy Pkg (4).. 48% 48 48 - %
100 89% Curtis Publ (6a).. 91% 91% 91%+ 1%
5% 2% Curtiss Wright... 5% 5 5%
8% 3% Curtiss Wright A 7% 7% 7% + %
D
22 20% Deer &Co pf (1.40). 21% 21% 21%
157>4 141 Del & Huds (9)... 146 146 146
102 77 Del Lac & W (6). 783, 78 78 -1
23 14% Diam Match n... 22% 20% 21 -1%
26 24% Diam Match pf.. 25% 25,% 25%
1 11% 8%. Dome Mines (!».. 11% 11% 11%% M
THE WASHINGTON TIMES
Prev 1»31 Name and Net
High bow Dividend Rata High Low Clom Cb'ea
78% 61.% Drug Inc (4) 78 77% 77%
107 83% DuPont de N (4). 105% 104% 105%- 1%
E
185% 143% Eastman Kod (sa) 172 168,% 168%- 3%
21% 13% Eaton Axle (1.60). 21% 21% 213%— %
74% 50% Elec AutoLlte (6).. 73 71% 72%- 1%
3% 2% Electric Boat 3% 3 3%
60% 38% Elec P &Lt (1).. 59% 58% 58%- 1%
98% 86 Elec Pi L « pf. 97% 97% 97%+ %
66 50% Elec Stor Bat (5). 65% 64% 65%+ %
49 38 Engin P S (2.40). 48 48 48 - %
12% 9 Eureka Vac’m... 12 12 12
8% 4% Evans Auto L... 7% 7% 7%- %
F
29% 22 Fairb Mor (1.60). 24 24 24
30 22 Fed Wat Sv (2.40) 27% 27% 27%- %
56% 46% Fidel Phen (2.60). 52% 52% 52%- 1%
19% 16 Firestone T R (1). 17%. 17J< 17%- %
% % Fisk Rubber % % %
64% 41% Fos Wheel Cor (2) 63% 62 62 - %
32% 22% Fourth Natl Inv. 30% 30 30 - %
38% 25% Fox Film A (4)... 37 36 36%- %
42 28% Freept Texas (4). 41 38% 41+4
G
2 % Gardner Mot 1% 1% I%+ %
733 s 57% Gen Am Tank (4a) 70% 70 70
45,% 24%' Gen Asphalt (3).. 41% 40 40,%+ %
9%' 6% Genl Bronze 7% 7% 7%
25% 15% Gen Cable A 23 23 23
65 40% Gen Cable pf (7).. 53% 51% 53%+ 2%
48% 34 General Cigar (4). 43% 43% 43%
54% 41% Genl Elec (1.60)... 53% 52% 52%- %
12% 11% Gen El Spec (.60) 12 12 12
55% 47% General Foods (3) 55% 54% 55%- %
8% 4% Gen Gas A (.30).. 8% 8 8
76% 54 Gen Gas cv pt (6). 76% 76 76%+ %
49 44 General Mills
99 96 Gen M cum pt (6) 983,' 98% 98%
47% 35% Genl Motors (3)... 48 47% 47%- %
103.4 7% Gen Outdoor Adv. 9 8% 9 + %
23 14% Gen Pub S (6%b). 22J% 213, 21,%'- %
843 s 68 Gen Ry Signal (5) 80% 77 77%
9,%' 5% Gen Realty & Ut. 7% 7% 7:,+ %
57% 40 Gen Refract (4).. 51% 51% 51% — %
153, 6% Gen Theater Eq. 133a' 12% 12,%'— %'
34% 213s' Gillette Saf R (4). 32% 31% 31%
7% 4% Gimbel Bros 7% 7 7%+ %
16% 8% Glidden Co 13%' 13% 13% -3»
9% 4 Gobel, Adolf 9% 9% 9%+ %
42% 31% Gold Dust (2%).. 42% 41% 41%- 3i
20% 15% Goodrich' 18% 18% 18% - %'
52% 38% Goodyear Tire (5). 50 49 49% — %
5% 3% Graham Paige ... 4% 4% 4%
22% 153i' Granby Consol (2) 20% 20% 20%'+ %
25 19%' Grand Sil St (1).. 24% 24 24%+ %
17% 10% Grand Union 16% 163, 16%- %
42% 36 Grand Un pf (3).. 42 42 42
29% 20 Granite City St (3) 27% 27% 27%- %
35% 25% Grant W T (1)... 35% 35% 35%
69% 58% Grt North pf (5). 62% 62% 62%- %
22 19% Great No Or ct (2) 21% 21% 21%- %
6% 2% Grigsby Grunow.. 5% 5% 5%
3f1% 18% Gulf States St.,. 34% 34% 34%
H
30 27,% Hacksk W S (134). 30% 30% 30%+ %
9% 6% Hahn Dept 5t.... 8% 8% B%+ 3s'
60% 50 Hahn DS pf (6%) 61% 61% 61%+ 1%
18 15% Hall Printing (2).. 19% 18% 19%+ 1%
8 3% Hayes Body 6% 6% 6%
101% 87 Hershey Choc (5). 99% 98% 98% -1%
102 93 Hersh Ch pf (4a). 101% 101% 101%- %
15% 5% Holnder & S 153s' 14% 14%
9% 4% Houd Hershey B. 8% 8% 8%- %
68,% 35% Houst Oil (10 %b) 57% 55,% 56%+ %
14% 8% Houston Oil new. 12% 12 12%+ %
26 18% Hudson Motor (3) 24% 23% 23%“ %
133 S 7% Hupp Motors 12% 11% 12-34
1
89 69% 11l Centl (7) 74% 74% 74%+ 1%
4% 2% Indian Motorc... 4 3% 4
4% 3% Indian Refill 444
E6 45 Indust Rayon (4). 82% 80 82%+ %
11% 7% Inspiration C 103 s 103s' 103s+ 3s
9% 6% Insursh ct Inc (.40) 834 834 8%
34 24% Interboro R T... 29% 28% 283«“ %
5% 3% Int Agric Ch.... 4 4 4
179% 145% Int Business M (6) .174 173% 173% + %
12% 9% Int Car Ltd (%).. 10% 10% 10%“ %
62% 49% Inter Cement (4). 55 55 55 + %
4 1% Int Combus E.... 3% 3% 3%— 3s
39% 24 Inter Comb pfd.. 32% 32% 32,%
603, 48 Int Harv (2%)... 57% 5734: 57%“ 34
142% 131 Int Harv pf (7).. 143% 143% 143%+ 1
31 21% Int HydroEl A (2) 29 29 29
73% 55 Int Match pf (4).. 73% 72 73 - %
163'8 15%' Int Mer Mar (2).. 15 .15 15-34
20% 13% Inter Nickel (.60). 20 19% 19%- %
4% 2% Int Pa &Pw C.. 4 3% 4 + %
40 263 s Int Pa &Pw n 37 36% 36%+ 13,
42 36% Internal Salt (3). 37 36% 37 + %
38% 18% Inter Tel & T (2) 37% 37 37 - %
21% 16 Inters D Strs (2). 18% 18% 18% - 1
J
57% 39% Jewel Tea (4).... 54% 54 54%+ 13s
80% 52% Johns Manvle (3). 78% 77% 78 — 134
K
24%' 163s' Kayser Jul (2%)... 23% 22% 23%- %
3% 1% Kelly Sp Tire.... 3% 3% 3%- %
29% 21% Kelsey Hayea (2). 26% 26% 26% — %
15% 8% Kelvlnator 15 14% 14%- %
31% 22% Kennecott (2) 28% 2834 28%
2% % Kolster Radio.... 1% 1% 1%- 3<
27% 25 Kresge Co (1.60). 27% 27% 27%
27% 20% Kreug & Tol (1.60) 27% 26% 26%
34% 18 Kroger Groc (la). 33% 32% 33 — %
L
87% 77% Lambert Co (8)..* 87% 86 86%- %
4 3% Lee Rubber...... 4% 4% 4%- %
8% 5% Lehfeh V C0a1..., 6% 6 6 + %
69% 54 Lehman Corp (3). 66% 66% 66%— %
15% 11% Lib Owens Glass. 15% 15% 15%- %
91% 83 Ligg &My B (4a) 89% 89% 89%
34% 23% Lima Loco (2)..,_. 30% 3034 303 i“ %
553 s 41% Liquid Carb (4).. 46% 44% 44%- 2%
63% 45% Loew's Inc (3a)... 60% 59% 59%- 1
c% 2% Loft Inc 5 4% 4% - 3s
54% 43% Loose Wil (2.60a). 54% 54% 54%+ %
203 s 11% Lorillard Tob 19% 18% 19%- %
111 903 s Louis & Nash (7). 93% 98% 98%+ %
19 H Ludlum Steel.... 18% 18 18 — %
M
91% 71% McKeesp T P (4a) 91% 89% 89%- 1%
17 13 McKees & Rob (1) 13% 13% 13%- %
43% 35% Mack Trucks (4). 40% 40% 40%- %
106% 83 Macy &Co (2a)... 102% 102% 102%- %'
7% 5 Madis Sq Gar (.60) 77 7 -34
27% 2034 Magma Cop (3)... 22 21% 21%— 1%
39 32% Manh Ry m g (.80) 36% 35 35%+ 34
61 52% Manli R gtd (7).. 58 58 58 -2
32%. 233 s Marsh Field (2%).. 31% 31% 31%+ %
31,% 23% Mathieson Aik (2) 2626% 26'.>+ %
24% 19% Marine Midi (1.20) 22% 22,% 22%+ 3s'
39 28% May Dept St (2%) 3734 37%' M 37,%— %
34 29 Melville Shoe (8). 31 31 31-1
19% 10% Mex Seaboard...„ 18% 13 ~ I&%+ l%j
The National Daily
Fr«v 1»S! Nan>« and Nat
High Low Dividend Rate High Low cioee Ch ge
16% 12% Mid-Cont Pet (2).. 12% 12% 12%
31% 21 Mid Stl Prod (3).. 29% 29 29 - %
7% 4% Minn Mol Pw.... 5% 5% 5%
26% 1834 Mo Kan &T (3).. 21% 20% 20%
85 70 MKT pf A (7)... 79% 79%' 79%- %
107 86% Mo Pac pf (5).... 94% 94% 9435+ %
29% 15% Montgy Ward.... 27% 27 27 - %
58 51 Morrell &Co (4.40) 55 54 55 +1
18% 11% Murray Corp 18% 17% 18 + % .
N
40% 2734 Nash Motors (4).. 40% 39% 39%- %
10% 734 Nation Acme (.80). 9% ‘9% 9%- 34
10 334 Nat Beellas H... 8% 8% B%+ 34
88% 76 Nat Bisc (2.80a).. 82 81% 81%- %
39% 28% Nat Cash R A (3) 3034 28,% 29%+ 34
50% 3834 Natl Dairy (2.60). 49% 49 49%- 1
36% 19% Nat Distillers (2).. 3234 31,% 3234
4434 31% Natl Pr &Lt (1).. 43% 42% 42%- 1%
58 43 National Stl (2)... 53% 53 53
7634 41% Nat Surety Co (5) 73% 70 70 - 434
7034 59 Natl Supply (5).. 62% 62,% 62%
24 15% National Tea (1).. 23% 23% 23%- 34
14% 1034 Nevada Cons (1).. 13 13 13 — %
18 14% Newport Co (1)... 15% 15% 15%— %
24 1434 Newton Steel..,.. 19% 19 19 — %
13234 10834 N Y Central (8).. 11234 11134 11134 “ 34
94 853a N T C & St L (6) 91 91 91-1%
94% 75 NYNH&H(6)... 883s' 88% 88% - %
123 S 83, N Y Invest (1.20). 9 B%' 8%- 34
217 197% N,prf & W (10a).. 19834 197 197 -1
903s' 62 N*>r Amer (10%b) 87% 863, 87%- 34
10 4% Nor Am Aviation. 10 9% 10
35 24% Nor Ger L (3.43)... 35 35 35
60% 47% North Pac (5).... 52% 52% 52%+ 3s'
O
1934 1« Ohio Oil (1)........ 15 14% 15
583, 523 s Otis Elev (2%)... 50% 5635' 56%- 3s'
p
54%' 453 s Pac Gas 4 E (2).. 54 53% 53%- %
69% 503a Pacific Light (3).. 68% 67 67 -13 s
11% 8% Packard Mot (1).. 1034 10 103s'
3634 32 Pan Amer 8..... 35 35 35
5034 36% Paramount (4).... 46 45% 45%- %
2% 13, Pathe Exch 23a 2% 2%
4% 334 Peerless Mot 3% 3% 3% -34
4634 373a Penick &Fd (1a)... 44%' 44%' 44%- 3S
39% 28% Penney J C (3)... 37,% 373, 37%“ %
64 55% Penn R R (4).... 56% 58%' 58%+ 34
33% 23 Peoples Drug (1). 3434 3434 34%+ %
10% 6% Petrol Corp (1)... 8% 83s B%+ %
12% 7%
16% 10% Phillips Petrol (2). 12% 11% 12
27 16 Port RA TA (3%) 2434 24 24 -1%
8 4% Porto R Tob 8.. 6% 6% 6%- %
20% 12% Prairie Oil & G (2) 153 s 14% 15 - 3S
2634 17% Prairie Pipe L (3a) 2234 223 s 22%“ %
7134 63 Proc & Gam (2.40) 69% 6934 69%- %
9634 72 Pub Ser N J (3.40) 94 92 % 92%- 1%
58% 49% Pullman Inc (4).. 5234 5134 5134“ %
11% 8% Pure Oil 934 8% B%+ 34
5534 38 Purity Bak (4).... 53 52 52 -1
R
27% 12 Radio Corp 2734 25% 26-134
54% 48 Radio pf A (3%).. 55 55 55 + 34
59% 34% Radio pf B (5).... 60 59% 59%+ %
2434 15% Radio Keith. 24% 23% 2434+ %'
2934 18% Raybestos M (2.60) 28% 27% 27%
19% 1434 Reming-Ran (1.60) 15% 15 . 15 -• %
10% 7% Reo Motor (.80).... 8% 8% 8%- 34
25% 12 Republic Steel.... 22% 22% 22% — %
54 2934 Repub Steel pf... 46% 46% 46%+ %'
22% 11,% Reynolds Metal (2) 19% 18%' 18% - %
53 40.%' Reynolds Tb B (3).. 52,%' 52 52
6% 2% Richfield 0i1....— 4% 434 ♦%
1034 5% Rio Grande 0.... 7%' 734 734” 34
26 16% Rossia Ins (2.20).. 25% 24% 24%- 34
42% 37,% Royal DNY (1.34) 38% 37% 37% - %
S
83 38% Safeway Stor (5).. 62% 61% 61% —1
30%' 24%' St Jos Lead (2a). 25% 23% 24 -1%
76 57% St L&S F pf (6). 60 59% 60+34
10% 4 Schulte Stores.... 10% 10 10 — ,%
I%' % Seab Air L % % %+ %
2% 1 Seab A L pfd. ... 1,%' 1% 1%
63% 44% Sears Roe (2 34a).. 61 603 s 60%'— 1%
10% 434 Serve! 9% 9% 934— 34
29% 22% Shattuck F G (la) 28 28 28 + %
1034 7% Shell Union 0i1... 8 7% 7%+ 34
78 55 Shell UnOpf (534) 5534 53% 53%- 234
9% 4% Shubert Theat.. A . 7% 7% 7%
23% 14% Simmons C 0...—. 19 18% 18%— %
15% 10% Sinclair Oil (D— 13 12% 13 + 34
12% 8% Skelly 0i1...— 9% 9% 934- 34
4% 2% Snider Packing... 3% 334 3,%'— 34
54% 45% Sou Calif Ed (2).. 53% 53 53%+ %
17% 9% So Port R S (1.40) 13% 1334 13%“ 34
109% 92% South Pac (6) 100 100 100
65% 47% Southn Ry (8).... 53%' 52% 52%+ %
13% 8% Sparks With (1).. 12% 12% 12%- %'
WASHINGTON STOCK EXCHANGE |
SALES
Washington Gas 6s “A”, SIOO
@lOl%.
Washingtc- Gas Light, 10@
127, :0@127.
Washington Railway & Electric
pfd., 10@98%, 10@98%, 10@98%,
20@98%. t L
Mergenthaler Linotype, 10 @
86%.
Peoples Drug Store pfd., 10@
102%.
AFTER CATjL
Washington Gas 6s “A”, SI,OOO
@lO2.
Washington Railway & Electric
pfd., 50@98%.
Washington Gas ss, sl,ooo@
105%.
Washington Gas 6s “B”, S2OO
@lO4.
Public Utility Bondz I Bid I A»k
Amer Tel 4 Tel 4%s ’39..1132U1
Am Tel 4 Tel C’t'l Tr
Anacostfa & Pot R R 65....1 42 83
Ana & Pot Guar 5s 94 97
C& P Tel Va 5s 1103 .....
Cap Traction R R 5e.... 80% Bt%
City 4 Suburban 5s 80 83
Georgetown Gas Ist 55...... 103% 106
Potomac Elec Cons 55...... 103 .....
Potomao Eleo 6s 108% .....
Wash Alex 4Mt Ver ctf.... 3 .....
Wash Balto A An 6s 11 11
Washington Gas 99 106%
Washington Gas Is 105 105%
Wash Gas 6s Series A 101% 103%
Wash Gas 6s series 8.... 105 105%
Wash Ry 4 Elec 4s 88
Mlscellanrons Bonds I I
Barber 4 Ross Ine 6%5....| 82 I
Chevy Chase Club 5%s |lOl |
Col Country Club 5%s 'IOO 101%
D C Paper MfK 6s I 35 I 60
W. M. Cold Storaxe 5s I 94
Wash Cons Title 6s I. 100
Public I'tility Stocks I I
•Amer Tel 4 Tei I 1 ’*!?!';;”
•Capitol Traction Co L
Wash Gas Lt Co.. 120 127
•N 4 W Steamboat .. 188 215
Pot Elee Power 6s pfd.. •
Ibm Elei
SATURDAY—MARCH 1r1—1931
■
| Bid I Ask
Wash Ry 4 Elec com 436
Wash Ry 4 El Pfd 93% 99%
National Bonk Stocks L__
Capital 334 265
Columbia 880
Commercial 217 225
District 206 215
Fed Amer Nat Bit 4 Tr 60 52
Liberty 190 200
Lincoln ....••••••••••«•••*.. 400 440
Metropolitan 310 350
Riggs 425 440
Second .....171 210
Washington 225 245
Trust Company Stocks
Amer Sec & Tr C 0......... 338 1350
Continental Trust 118 130
Nat’l Sav 4 Tr 440 465
Prines Georges Bit 4 Tr 28 30
Union Trust 305 220
Wash Loan 4Tr 435 460
Savings Bank Stocks I
Bank of Bethesda 68 <6
Com and Savings .......... 335
East Washington 29 35
Pot. Savings Bank 66 75
Sec Sav 4 Com Bk 451 1500
Seventh Street 290 I
•United States ••••••. 530 |630
Wash. Mechanics I 50 I <0
Fire Insurance Stocks 1 I
American |2BO f
Starrett Predicts
Bigger Buildings
In an address before the Chi
cago Association of Commerce
Col. William A. Starrett, presi
dent of Starrett Corporation,
prophesied that buildings would
grow very much larger, covering
whole city blocks, but that they
would not necessarily become ,
excessively higher.
Block development, he said, of
fered great advantages in the
economy of land use, of construc
tion and of operation.
r
Prev. 1531 Name and Wot
High Low Dividend Rato Blgb Low Cloep Cn’ge
11% 5% Spiegel May 5... 11% 11% ff%- %
20% 16% Stand Bran (1.20) 20% 19% 20%- %
88% 58 Stand Gas (3%).. 86% 85% 85%- %
51% 45 Std Oil of Cal (2%) 45% 45% 45%+ %
104% 102% Std Oil Exp pf (5) 104% 104 104
19 14% Std Oil of Kan (1) 15% 15% 15% - %
52% 44% Std Oh of NJ (la). 46% 45% 45%- %
26 21% Std Oil NY (1.60). 22% 22% 22%- %
34% 21% Starrett L S (2).. 33 31% 32%+ 2
39% 33 Sterl Sec cv pf (3) 37% 37% 37%+ %
21% 14% Stewart Warn.... 20% 20% 20% — %
49% 37% Stone 4 Webst (4) 54% 50% 53+2%
25% 20% Studebaker (1.20). 25% 25 25%+ %
T
36% 29% Texas Corp (3)... 30% 29% 30%+ %
55% 45% Texas Gulf Su (4) 52% 52 52%+ %
6% 4% Tex Pac C 40.... 4% 4% 4%
17% 11% Tex Pac L T n.. 14% 14% 14%+ %
9 5 Thermoid Co 7% 77 — %
27 18% Third Nat 1nv.... 25% 25% 25%+ %
9 6% Tidewat Asso (.60) 77 7
12 9% Timken Detr (.80). 11 11 11
59 43 Timken Roller (3). 57 57 57 —l%
3% 2% Tobac Prod 3% 3% 3%+ % ;
13% 10% Tob Pr A (.80a).. 13 13 13
18 11% Transamer Cor (1) 14% 14% 14% — %
17% 7% Transue 4Wm (1) 15 14% 14%- %
11% 6% Tri Cont Corf)... 11% 11% 11%+ %
94 Tri Conti pf (6).. 93% 93% 93%
45% 29% Trico Prods - %
U
21% 14% Ulen 4 Co (1.60). 18% 18% 18%+ %
75% 51% Underwood EF (5) 68% 68% 68%“ %'
72 55% Union Carb (2.60). 68% 68 68 - %
26% 20% Union Oil Cal (2a). 22% 22% 22%- %
205% 179% Union Pac (10)... 188% 188 188 + 1%
25% 22 Union Tank (1.60) 22 22 22
37% 22% Unit Air 4 T 37 36 36,%- %
40% 33% Unit Bisc (2) 40 39% 40 + % I
28% 18% Unit Carb (1).... 20% 20% 20%“ %
6% 4 Unit Cigar 6% 6% 6% + %
68 60% Unit Cig pf (6)... 68 68 68
31% 16% Unit Corp Del (%) 30% 29% 30 - %
51% 44% Unit Cp Del pf (3) 51% 51‘, 51%
37% 27% Un Gas Imp (1.20) 36% 36% 36%— %
102% 96% Un Gas Imp pf (5) 102% 102% 102%- %
90 80 US & For Sec pf (6) 89% 89% 89%+ %
29 17 U S Freight 28% 27% 27%'+ %
49 40% ,U S Gyps (1.60a). 49% 48% 49 + %
77% 54 US Indus Al (6). 63 58 58% -4%
36 27% U S Pipe 4 F (2) 34% .34% 34%- %
36% 26% U S Realty (3).... 33% ‘33% 33%- %
29% 11% U S Rubber 20 19% 19% - %
35% 20% U S Rub pf 36% 35% 35% - %
152% 137% U S Steel (7) 148% 147% 147%- 1%
150 143% U S Steel pf (7).. 149% 149% 149%- %
8% 5% United Stores.... 8% 8 8
31 21% Util P 4L A (2). 30 29% 29% - %
V
2 % Vadsco SI pf...- 1% 1% 1%
75% 45% Vanadium (3).... 72% 70% 71 + %
3% 2 Va Car Chem.... 2% 2% 2%- %
W
26 161/ Wabash — 17% 17% 17%+ %
51 33 Wabash pf A.... 33% 33% 33%- %
27% 22% Waldorf Syst (1%) 24 24 24
15 11 Walworth Co (2). 11% 11% 11%- h
8% 3% Ward Bak 8.... 6% 6% 6%
57% 45 Ward Bak pfd (7). 54% 54% 54%+ %
20% 11% Warner Picts 13% 13% 13%— %
7% 4% Warner Quinlan.. 5 5 5
46% 27% Warren Bros (3).. 42% 40% 41%+ % j
49% 41% War Bro cv pf (3) 46% 46% 46%+ %
6 3% Webster-Eisen.... 4% 4% 4%
26% 21% Wesson O& S (2) 26% 25% 25% - %
57% 54% Wesson cv pf (4). 57 56% 57 + %
12% 4% W Dairy Pr 8... 11% 11% 11%- %
19% 13% W Maryland 17 16% 16%'+ %
150% 130 West Un (8) 135% 135% 135%- %
107% 82% West El &Ms (5) 94% 91 91-4
28 20% Weston El In (1). 25% 25% 25%
40 19% Westvaco Chi (2). 36% 36% 36%- 1%
2% 1 Wextark Radio... 1%, 1% 1%
26% 20% White Motor (2).. 22 21% 21%
47% 39 White Rock (4a). 47% 47 47% - %
8 4% Willys Overld.... 7% 7% 7%- %
10% 6% Wilson &Co A.. 8% 8% 8%- %
65% 54% Woolworth (2.40).. 65% 64% 64%-,%
106% 59% Worth Pump... M 94 91% 92%- 1
80% 66% Wrigley (4).....„ 79 79 79 + %
Y
15% «% Yellow Trk 8.... 14% 14% 14%- %
29 22% Young SAW (3). 26 25% 25%- %
78 73 Youngstown Sh (5) 75% 75% 75%— %
Z
5% 2% Zenith Radio 4% 4 4%- %
Dividend zymbols—a, extras b, dividend in stock; a. i
In etock; d. acrip; ‘ex-dividend; tex-rlgbta.
Dividend rate In dollars in parenthesea.
Tear's high and low prices ars carried to nrsvloua close
I Bid I Ask
Corcoran ................... 150 1
Firemen's 50 ‘4O
National Union 20 | 25
Title Insurance Stocks | l_
Cpiumbla | B%| 10(4
Real Estate 1140 1175
Title & Inv Co Md com I 20 •80
Miscellaneous Stocks I I
Barber A Rose Inc. com. ..11l TlB
Col Medical Bldg Corp.... 85 I
•Col Sand & Grav Pfd....
Diet Natl Sec pfd f>B ,75
• Emer Bromo-Selz "A”.... 30 I 321,
Federal Storage pfd 110 |l3O
Fed Am Co com 23 m 26
Fed Amer Co pf..... >2 |IOO
Langton Monotype...... 105 |IOB
Mer Tr & Stge c0m....... 95 |IOO
•Mer Tr A Stge Pfd 85 I 95
•Mergenthaler Linotype..... 86 % I 86%
Nat’l Mtge A Inv pfd.., : .... 4%| 5
Peoples Drug S Pfd 102mi02%
Real Est M * G pfd 6%| 7
Security Storage 104 1113
Ter Ref A Wh Corp 46 I St
cThe Carpel Corp 21141 24
W Meeh Mtge com I 8541.... i
Wash Med Bldg Corp I 85 I i
•Woodward A Lothrop com 2654
•Woodward A Lothrop pfd'105541.... . j
•Ex-dividend.
cSO cents extra.
Cigarette Output
Up; Cigars Lower
Output of small cigarettes in
February totaled 8,836,067,903 as
compared with 8,465,005,417 in
the corresponding month of last
year, Internal Revenue Bureau
figures show. Large cigarettes
totaled 350,101, against 653,039.
Output of large cigars num
bered 362,838.747, against 426,-1
521,773 in February, 1930, while
production of small cigars num
bered 25,455,507, against 34,-
, 165,013.
<
MARKET SHDINS
STRENGTH FOR
THIRD DM
Extent of Movement Small,
But Encouraging to Bulls,
as Analyzed by Spectator
By THE SPECTATOR
NEW YORK, March 21.—The
ability of the market to forge
ahead for the third consecutive
day, the first time it has shown
this follow-through ability in a
period of about a month, speaks
well for the sponsorship that has
been won over to the construc
tive side.
The extent of the price im
provement was not unduly large,
amounting to but one-half point
in the Standard Statistics Index
of 90 stocks.
But when it is considered that
the present standing of the aver
ages at 143.5 is within eight
tenths of a point of the absolute
highs of this year, the current
performance stands out.
Hard to Explain
It is hard to explain the
reasons behind this most demon
stration in the general list, al
though there is no dearth of
explanations in the financial
district. Those which appear
most logical on the surface, have
been advanced by a well-known
market commentator and consist
of the following:
First, it is clear that important
interests are extremely desirous
of maintaining at least a gen
erally firm market. Second, the
liquidation of the public specula
tive account has gone so far that
concerted attempts to depress
prices fail to precipitate the sell
ing necessary to keep a decline
going.
Third, the creeping advance in
business activity which has been
under way since the beginning
of the year is being accepted by
many observers as an indication
that the spring will bring a
genuinely important revival in
activity.
Potential Defense Strong
Therefore it is seen that the
potential defense of the market
is founded on important con
structive leadership, a strong
technical position, and reviving
hope.
As opposed to this is the
spectre of seriously reducing
earning power, threatening divi
dend payments, but with the
bulls holding the immediate bal
ance of power, it is likely that
efforts to continue the advance
will be made prior to the actual
release of income statements
early in the following month.
TARIFF BLffIED
FOR SLUMP
PHILADELPHIA, March 21 —
Upon the tariff was placed much
of the blame for continuance of
business depression by Dr. Ben
jamin M. Anderson, jr„ Chase
National Bank economist, in an
address to the Foreign Policy
Association here today. He said:
“We are in the midst of a
severe business depression which
is world-wide. The most serious
obstacle in the way of early re
covery is the state of our foreign
trade.
“The most serious*" obstacle in
the way of the revival of nur
foreign trade is our high protec
tive tariffs. The quickest way to
get out of the existing depression
is to reduce our tariffs so that
our foreign customers may sell
more, goods here and get more
dollars with which to pay inter
est upon their debts to us and
with which to buy our goods.
“If we do not buy we cannot
sell. If we do not buy enough
we cannot sell enough.”
Dr. Anderson closed with an
appeal to forget politics and con
sider the tariff question essential
ly a business matter.
Usual Shenandoah
Dividend Declared
The board of directors of Shen
andoah Corporation has declared
the seventh regular quarterly
dividend on the optional 6 per
cent convertible preference stock,
series of 1929. payable May 1,
1931, to stockholders of record
April 4, 1931, at the rate of one
thirty-second of one share of com
mon stock of the corporation per
share - of such preference stock, or,
at the option of such holders, pro
vided written notice is received
by the corporation on or before
April 14, 1931, 75 cents per share
in cash.
British Exchequer
Debt Is Declining
LONDON, March 21.—British
exchequer receipts during the
week ended March 14 totalled
£24,238,584, and expenditures £lO,-
270.293. Floating debt on that
date amounted to £619.410.000,
against £635,405.000 on March 1
and with £662,665,000 on Marctt
15. 1930.

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The Washington times. [volume], March 21, 1931, Page 16, Image 16
About The Washington times. [volume] (Washington [D.C.]) 1902-1939