The Washington times. [volume] (Washington [D.C.]) 1902-1939, July 25, 1931, Image 17

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The Washington times. [volume] (Washington [D.C.]), 25 July 1931. Chronicling America: Historic American Newspapers. Lib. of Congress. <https://chroniclingamerica.loc.gov/lccn/sn84026749/1931-07-25/ed-1/seq-17/>

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Financial News, Stocks, Bonds, Commodities and Comment
PEOPLES OfIUG
SALE AND NET
INCREASE
Per Share Earnings for First
Half of 1930 Up 15 Cents, as
Sales Go Higher, $374,436
The report of M. G. Gibbs to
the stockholders of the Peoples
Drug Co., made public here today
by W. H. Churchill, comptroller,
shows substantial increases both
News of Many
Trade Gains
Peoples Drug Co. Increases
sales and profit.
Monroe Machine Co. sets
new mark here.
Pennsylvania Railroad has
241.454 stockholders, a peak.
Chevrolet retail trade up
16 per cent.
Mid-Continent crude oil
prices are boosted.
McLellan Stores double net
profit in year.
!n net share profit and total
sales for the half year ended
June 20 over the like period last
year.
Total assets of the company
now are reported at $6,738,001,
and net worth at $5,586,999.
Sales Up 4:56 Per Cent
Total sales for the six-month
period this year were $8,577,-
757.45, as compared with $8,203,-
320.63 for the same period in
1930, an increase of $374,436.82
or 4.56 per cent.
Net profits for the six months,
after depreciation and all other
charges, were $247,041.21 and
after providing for dividend on
24,250 shares of preferred stock
outstanding at June 30, 1931, in
the amount of $78,129.99, there
remains the amount of $168,-
911.22 as the earnings on the
common stock which is equal to
$1.37 per share on 123,502 shares
outstanding June 30.
For the same period in 1930
the earnings on the common
stock were sl.lß per share.
Stores Increase
On June 30 the company was
operating 125 retail stores as
compared with 118 January 1. an
increase of 7 stores. Since July
1 one additional location has
been secured and will be ready to
operate about September 1.
This is in line, Mr. Gibbs
points out. with an established
policy of expanding its business
by developing new retail stores as
fast as desirable locations are
obtainable and funds are avail
able.
BIDS DUE SOON
ON SEA MAIL .
Bids for three additional ocean
mall routes, involving construc
tion of at least six and possibly
•Ight new vessels, will be opened
here on August 17, it was an
nounced at the Post Office Depart
ment yesterday.
The first route will be either
between New York, Baltimore or
Boston and Rotterdam or Ant
werp. The successful bidder will
be required to build five new ships
of at least 5,000 tons in Amer
ican shipyards and recondition
five of its existing fleet.
The second route will be be
tween Mobile or other East Gulf
ports and various British. French,
Dutch and German ports.
The third route will operate be
tween Seattle and Puerto Colom
bia and Kingston.
Monroe Machine Co.
Sales Set New Mark
S. L. Shanks, manager of the
Washington district of the Mon
roe Calculating Machine Co. Inc..
1104 Vermont Ave. N. W., reports
sales in his district higher for the
month of June than any previous
month in the year.
Mr. Shanks has been awarded
the monthly sales pennant for
the fifth successive month.
J. E. Ball. jr„ of the Washing
ton office, ranked first in the en
tire country in number of sales
points secured.
Higher Asset Value
For Goldman Sachs
The semi annual report of the
Goldman Sachs Trading Corpora
tion covering the six months
period ended June 30. 1931 being
mailed to stockholders, discloses
a net asset value for its capital
stock of $12.94 as of June 30,
1931, in contrast to $12.40 as bf
December 31. 1930. or an increase
of 54 cents per share.
The income account for the six
months ended June 30. 1931, dis
closes net cash income from divi
dends and interest, after deduc
tion of interest paid, expenses
•ad taxes of 12fifiJ)84. ®
New York Bond Market
Fraction, rrpreirnt 3! nd,
1111 1 mean. 101 1-33
nit«d_ Mate* I High I I.ow i Closf
Lib Ist 4U» 32-17..1038 1103 8 1103 8
Lib. 4th 4'*s 33-38.104 271104 231104 28
Liberty 3',*> 32-47. . 102 20|102 201102 20
Domestic High Low IClose
Abttibf Pow*P»p 55..1 5451 84 I 54
Alleg Corp 5s |7O 70 |7O
Alieg V Rv gen 45.. I 50 95 ' 99
Allege West' Ist 4s ...I 90 89'41 90
Am IG Chern 5',«.... 99 98\*l
Amer Nat as 6'*s \ 18 18 I 18
Am Smelt * R 5s .. 1103'* 1103'41103'4
Atch TASF gen 4s .. 1100 1100'4 1100
A T&SF gen adj 4s. J 96 % I 98%| 96 5 ,
At T*SF rvt 4' 4 s ...1115'4111584111314
Atl Ref deb 5s .... 110114 1101 % 1101 %
Badlto* Ohio 4'4s cv| 90*4| 90'»| 901*
B & O Ist 4s I 98%; 98 I 98
R A- O 414 s 1100'4110014110014
Berlin Elec 6s . I 50 M | 50
Berlin Cy El db B'is.l 811*1 81141 61 U
Berlin El EU 8145.... I 50 | so I 50
Bklyn Un Gas 5s 1105% 1105% 1105%
Bush Ter Bldgs ss. .. 1100% 1100% 1100%
Can N Rys 5s July 691108 !105%|105%
Can Nat Rys 4 %s. . |IOO% 1100% 1100%
Can Nnr deb 7s 112% '112% 1112%
Can Pac deb 4s I 85%| 85%| 85%
Cent Pac Ist ref 45.. | 98 | 98 I 98
Cent Pac 5s 1104 1103% lint
Certafntd P de h s' s s..| 57 | 53 | 58%
Chesapeake Corp 55..1 97%; 97%l 97%
Chi BiirU-Q 414 s Hon 102%|102%
Chi MSP&P 5s A.... 58%' 58 I 58
C 4 NW 4%s conv Al 75 I 75 I 75
Chi SIL 4 Pitt con ss'lol % 1101 % 101 %
Ch. n Sta 61* * C....i115%j115%1H5%
Uh> 4 Wf con 45.... I 91%! 91% I 91%
Chi 4 W1 514 s 1105%110514110514
C.n Gas El 4s A I 97 I 96%l 97
CCCh4StL ret 4'4s E 96%l 98% 96%
Col 4 So ref 4 %s.. .. Hot 141101 % 1101 %
Col G4E deh 5* 1 99'41 0014! 99%
Contain Cu 6s I 59 | 59 59
Crown W Pap 8s | 89 I 89 89
Deny 4 RioG con 4s. I 9214' 8214 92'4
Detroit Edison 4 '4s. . 104 %'lO4 104%
Detroit Edison col tr 55'104 1104 104
Dodge Brs cy deb 6s. 92 I 91% I 91'4
Duke Price P Ist A 8s ! 104 1103%1103%
EleePower GermanO'is 58 I 58 I 58
Erie Ist con in 45...1 76’41 76'41 7614
Erie ref 5s I 75%l 75*41 75'4
Fed Lt4Trac 5s stpd. 94'41 94 141 94 %
Francisco Sug 7145...1 60 | 60 I 60
Gelsenkirchen 6s ...,| 68 i 668*1 66
Gen St Cas 514 s '49 ww. 86 I 86 | 86
Gt. Nor R hn4%sE 77. 95%: 96 I 95%
Gt Nor R gen 7s A'36. 110% 110 1110
Hudson Coal 5s ’62... 60%l 60 j 60
Humble O4R 5s '37. . 102% i 102 % 102 %
Humb O4R deb s**s. 102 %11 02 % 102 %
111 Stl deb 4',,s '40... 103 1103 |lO3
Inland Steel 41*s *7B A. 94%| 94%: 94%
Inland Steel 4%s B 'Bl. 94%: 94'41 94 14
Int. R Tr IstAref 6s. 71 1 71 I 71
Int R Tr IstAref 5s st. 71% I 70%: 71
KC FtS * M ref 4s. 91 I 91 91
KC PAL 414 s 61. .. . 106 % 1106 % 1106 %
KCSoref& Imp 5s ’SO. 90%: 90 90%
KC Term Ist 4s '6O. .1 97%i 97% 97%
Kan Gas &El 4%s ’BO-1 99 I " 7 4 ?9
Kinney (GR) 7%s '36. 86 I 86 86
Kreugpr & T 5s ’59- 85%i 85% 65 zs
Leh V Coal 5s '64. .1 62 l 52 52
Leh V (Pal con 4%5.l 98%; 98% 98%
Leh V <Pa) con 4s. 85% 85%' 85%
LongTsNSßlstconss’32 . 94'4' 94 I 94
Lorillard Co 5%s ’37. 100 ’1 oo IM
La * Ark 5s ’69 S-% 53%, 53%
McKes A Roh 5%s 'SO. 76'4 .« ;
Manh Ry NV cons 4s. 51 »« 154
Manila RR SL 4- '39. "s'*l 65'*
Mil El Ry 3s ’71....11M |l"4 jn<
Mil Sp ANW Ist 45.; 93 i 93 93
M SPAS SM 5%s '7B, 92'4; 92%l 9 %
M KAT 4%s ’7B 1 89 %; 89%; 89%
KJ&T A ’ K1’.... "• 514 '
Mo PRR 4.” ’"5.1 6? '
Mo P RR 5s I 'SI-.. ?3%| 83% 83%
Mn P RR 54? A ’45.1 <Bl << ;
r?f M
5 SI 5 s t B . ? *1 h
N Y Cent deb 4s 42...| 99 % 99% 99%
N Y Cent ref 4%5....’ 96% 96% 96%
N Y Cent new...| 96 1 /* 96U ??!4
N Y Cent ref 5s 1105 % 1 105 105 4
NYC A StL 4%s I 71% 71% 71%
NYC A tL ref 6%s A.I 87141 86 I 87.*
EM DENI AND
INCREASED
An improvement in the demand
for certain classes of labor dur
ing June was reported by the
U. S. Employment Service in its
monthly bulletin issued yesterday.
The volume of road construc
tion increased in practically every
State and a large number of
men previously unemployed were
absorbed in this work, it was
stated. New road and bridge
contracts recently let will pro
vide additional employment, the
service reported.
Some expansion was reported
in building, but activities in this
industry remained below normal
and the supply of labor ex
ceeded the demand in many
localities.
Work on the 1931 municipal
improvement programs advanced
to the point where it had pro
vided employment for many
skilled and unskilled laborers in
the various cities of the country,
the bulletin reported.
Hydroelectric development proj
ects. the construction of dams and
tunnels, and the expansion of
public utilities “continued in good
volume” and offered employment
to many men, it was stated.
Gillette Razor Suit
Settled for
NEW YORK. July 25 (U.S.),
Payment of $1,900,000 to the
United Cigar Stores Corporation
by the Gillette Safety Razor Com
pany and cancellation of all con
tracts between the two were an
nounced today as terms of set
tlement of suits against each other
totaling $17,000,000.
Pisr Permit Granted
For San Francisco
The War Department yester
day granted permission to the
board of park commissioners of
San Francisco to construct a rec
reation pier in San Francisco
Bay. east of Fort Mason Military
Reservation, at the foot of Van
Ness Avenue. San Francisco.
CASH GRAIN CLOSE
CHICAGO, July 25 (1.N.5.).
Wheat—No. 2 red. 51V 4 052; No.
2 hard. 52; No. 2 yellow hard,
50%@51; No. 3 yellow hard. 50.
Corn —No. 3 mixed, 54; No. 4
mixed, 54; No. 5 mixed. 53’/i@
54*4: No. 1 yellow. 57@57J/ 2 ; No.
2 yellow. 57@57’4; No. 3 yellow,
54 l /2@56 , /2; No. 4 yellow, 54@
55Vi: No. 5 yellqw. 53¥2@54: No.
6 yellow. 52@53¥ 4 ; No. 2 white,
58: No. 5 white. 53 ¥2•
Oats —New, No. 3 white, 23:
old. No. 2 white, 25%@26; No.
3. white, 23%; barley, 49.
THE WASHINGTON TIMES
iHlghl Low ICloxe
N Y Dork 5s 161 | 61 | 81
N Y Ed 5s B |lO6 % ' 106 % 1106 %
N Y Edison ref 6%5... 116 1116 111*
NYNHAH sec «s |105% 106%|105%
NYNHAH 4% I 93% 93%’ 93%
NYOAW ref 4s I 59% 59 i 69%
NY SusAW Ist rt 65..| 76% 76%| 76%
NY Tel ref 6s 1105% 105%1106%
NY Tel deb 6s |llO 110 1110
Nord Ry extnl 6%*...1105% 105% 105%
Nor Amer Co 5s 1101% 101% |lOl %
N Am Ed 5s A 104% H'4%1104%
N Ohio Tr A Ltg 65... 107 1107 1107
No Pac 4s 93%| 93%| 93%
No Pac 4s reg 93% 93%| 93'4
Ore WRRAN rs 45.... 95% 96 96%
Orientl Dev 5%e 94% 94% 94%
Otis Steel 6» 80% 80% 80'4
Paramt Publlx 5%5... 75 74% 74%
Paris-L-Med RR 6s. .. , 103% |lO3 % 103 %
Parts-L-Med RR 75...1105 1105 105
Penn RR 6s 1104'41104% 104%
Pare Marq Ist 5s I 93 I 93 93
Pitts W V 4%s C I 89 I 89 89
Port O Gen El 4%5...l 88 I 88 | 88
Postal Tel A C 5s I 66%| 65%l 65%
Pressed St Car 5s I 84 I 84 1 84
Pb Svc EIAG 4%» |104%|104%|1()4%
Rdg-.Ters C 4%s 8.. . 1101 % 1101 % 1101 %
Rhine M Dan 7s I 71 I 69%1 70
Rhinelbe t'n 7s gw... I 60 | 59% I 60
Rhine W El P «s ww.l 68 | 58 I 68
Roch G A E 7s 11 06 % 1.105 % ’ 105 %
R I Ark A L Ist 4% s. . I 91 %l 91 %l 91%
Royal Dutch 4s ww...l 90 | 90 | 90
St J, IMAS RivAG 45.1 97 I 97 I 97
Saxon uh Wks 7e I 58%l 58%l 58'4-
Saxon Pub Wks 6%5..l 53 I 53 I 53
Schulco 6%s A I 60 I 60 I 60
Silesian A M 7s I 61 %f 60%l 60%
Sine Con Oil 7a A ...I 96%1 96 I 96%
Sine Cr Oil P A 6%5. 103 1102%1102%
So Ry gen 4s A I 80% I 79% I 80%
So Rv 6%s 1106*41105 1105
So Ry gen 6s 1103 % 1103% 1103 %
Texas Corp 5s I 95 I 94% I 95
Tex A Ft Sm Ist 5%5.l 99% I 99 I 99
Tex A Pac 5s B I 91%' 91%l 91%
Tyrol Hy El 7s | 88 I 88 I 88
Uilgawa El Pw 7s 1101 1101 1101
Union Pac Ist 4s 1101 % 101 % 1101%
Union Pac 4s I 94% I 94% I 94%
Un Pae Ist A ref 45..1 97 I 96% 97
Utl Pow A Lt ct w 55.1 68%l 68%l 68%
Utl Pr A St 5%s 74 I 73 I 73
Va Ry A Pss 1103% 103% 103%
Warner Bros Pict 65..1 41 % I 41 I 41%
West El deb 55....1107 1107 1107
Westero MH. Ist 45..1 78 I 78 1 78
West Uoion 5s .1105 1106 1105
Winch Rep Arms 7%5.l 50 : 50 | 50
Wis Cent SAD Tor 4sl 58 | 58 I 58
Foreign Government and Municipal
Antioquia a B I 52%' 52%i 52%
Antwerp 6s 100 % 100 % : 100 %
Argentine 5%a I 65 | 66 I 65
Argentine 6s A I 71%' 69%1 70
Belgium 6%s 1107 1106 107
Belgium 7a ’55 111%|111 111%
Belgium 7s ’56 |107%1107 107
Berlin 6%s 1 55 I 55 1 55
Budapest 6s 1 59 I 59 I 59
Burn Airs 6%s ....I 49 I 49 I 49
Buenos Air 6s I 50%’ 48 ’ 50%
Bulgaria s I 53 | 53 I 53
Caldas 7%s ’..1 60 I 59%l 59%
Chile Mtg Bank 65...’ 37 '4l 36% 36%
Chilean Loan ' 44%’ 44% 44%
iHombfa 6s '6l .lan... 60%’ 60% 60%
Colombia 6s '6l Oct...' 60 I 69% 69%
Denmark 4%s 1 95% 95% 95%
Denmark 5%s ’ 99% 99%' 99%
Denwiti'k 6s 1104 imt jim
German Govt inti 5%« 57 ’ 5.5%; 56
Gorman Rep 7s I SI I 80%i sn%
Greeks 6s ' sn I 79% 1 80
Leipzig 7s I 70 I 70 | 7n
Lyons «s 104% 104% io<%
Mex ext 4s asst sm. .. I 6 I 6 ! 6.
Mex ext G 4s asst...l 5 I 5 i 6‘
Milan 6% - I 85% 84% 84%
Minas Geraes 6%s ctf.l 35 I 34 1 35
Norway 6s '44 1103% 1103% 1103%
Norway 6s '52 101%H01% 101%
Nuremberg 6s 48 %l 48% 48%
Pernamb 7s 32 I 32 32
Peru 6S 20 | 19% 19%
Poland 7s '47 70 I 68% 70
Rio G Do Sul 6s 31% 31% 31%
Rio G Do Sul 7s '67.. 36 36 36
Rome 6%s 87 86% 86%
Roman Monop Inst 7sl 75% 75% 75%
Sweden sVis 104 103 103%
Switzerland 5%s
Tokvo 5%s | 96 I 96 96
iWEirs
PRICE BOOSTS
The theory that the depression
will be cured by a return of prices
to the former high level is a false
one, says the Alexander Hamilton
Institute. The distressing feature
of the situation is the fact that
this theory has not yet been
entirely abandoned.
The railroads’ petition for a 15
per cent increase in rates is a
■striking illustration. As long as
business policy is based on this
theory, just so long will recovery
from the depression be retarded.
The argument is that prices
cannot be reduced because of the
cost of production. The fact re
mains that the cost of raw ma
terials has been greatly reduced.
The Income of the producers of
raw materials has been corre
spondingly reduced.
These producers can no longer
buy finished products or services,
such as railroad transportation,
in normal quantity. With re
duced sales the producers of fin
ished goods find their profits cur
tailed.
If one carries the highprice
and-prosperity theory to its
absurd conclusion, the producers
of finished goods would have to
raise their prices progressively
further and still further reduce
sales volume, eventually to zero.
Loss Is Reported
By Yellow Truck
PONTIAC. Mich., July 25.—Net
sales of Yellow Truck and Coach
Manufacturing Company for the
six months ended June 30. 1931
were $13,801,166, according to
Paul W. Seiler, president. Net
loss after provision for deprecia
tion was $1,046,881. In the six
months ended June 30, 1930, the
company reported a net profit
of $1,437,863.
The quarter ended June 30,
1931 showed a net profit of $28,-
110. This compares with a net
profit of $1,332,019 in the second
quarter of 1930.
BOND PRICES IRREGULAR
NEW YORK. July 25 (1.N.5.).
Bond prices were irregular in a
dull and featureless week-end
market. The heaviest losses were
recorded in the South American
group, while German government
bonds made a fairly successful
effort to rally. Liberty Bonds
were inactive and steady, with
first 4¥ 4 s at $103.8, fourth 4¥ 4 s at
$104.26, Treasury 4s at $108.13 and
Treasury new 3¥ss at $101.14.
Industrial and railroad bonds
were generally inclined to the
lower levels. Missouri Pacific Rail
road 5¥ 2 8 lost a point at 77 and
Skelly Oil 5 Vis were down about
2 points
Hope Main Prop to Market
Now, Haney Declares
By LEWIS HANEY
Dlrrctnr York C«l*or»l4r, Bnre«n
of Bimlneio Reooorrh
The stock market has been liv
ing on hopes and a moderately
strong technical position. There
have been hopes of European re
covery, railway rate advances, an
inflationary policy on the part of
the Federal Reserve Board and an
expansion in domestic business
this fall.
Probably no large number of
traders have held any one of these
hopes very strongly, but the mar
ket has been so “thin” that it does
not take any large volume of buy
ing to support it or even to mark
it up a little.
Weak Margin Trader Out
The weak margin trader is
pretty well eliminated, as is shown
by the small volume of brokers’
loans. Professional operators and
pools have not been taking any
chances recently in the way of
over-extending themselves. So the
“technical position” of demand
and supply has been in fairly good
balance.
Unless something develops to
shake the confidence of investors,
therefore, we need have little fear
of any large recession in the near
future.
But what chance is there of any
sustained advance? Have the va
rious hopes which have been feed
ing the market not been waning?
Frankly, I do not see much of
a basis for anything more than
small trading rallies in the aver
ages. and I think it is pretty
clear that the basis for most of
the market hopes have been
weakened.
Germany Still Shaky
We may still hope that Ger
many will be saved from revolu
tion and financial collapse. But
no thoroughly sound and finan-
STDOOnUM
HADE MADE
RICHMOND, Va., July 25.—
Two two and one-half-ton truck
loads of more than 10,000 quarts
of bottled-in-bond whiskey and
other bottles of choice liquors,
the whole shipment being ’-flued
at over SIOO 000 and constituting
the largest capture of its kind
ever made here, have been added
to the supply of such things al
ready stored in the Henrico county
jail.
The two trucks v-ere headed
off yesterday as they were travel
ing toward West Point. Va. They
rad just turned off the Tappa
hannock Highway at Central
Garage, when they were over
taken by officers of the State
motor vehicle department.
The liquor is believed to have
come into Richmond Thursday
night, and the two trucks were
stored for the night in a local
garage. They bore New York
licenses.
Each truck had two drivers,
but when they realized they were
about to be taken into custody
the four jumped and made their
getaway. Other State officers
are on the lookout for them.
17 Bids Submitted
For Hearst School
The lowest of 17 bids submit
ted for construction of the
Phoebe Hearst School, Thirty
seventh and Tilden Streets North
west, was made by Ralph S. Her
zog, of Philadelphia, it was an
nounced today by Chief Clerk
Roland M. Brennan, of the Dis
trict Engineer Department.
The Herzog bid was only $555
lower than the estimate of $106,-
800 submitted by Charles S. Ben
nett, Inc., also of Philadelphia.
It is expecetd that the contract
will be awarded by the District
Commissioners next week.
Alexandria-District
Busses Seek Permit
The newly organized Alexandria-
Washington Busses, Inc., has ap
plied for a permit to run busses
between Alexandria and Washing
ton. The State corporation com
mission set the hearing for Au
gust 15 and notified R. L. May.
the Richmond, Fredericksburg and
Potomac and Southern railway
and other competing lines of the
hearing.
The new bus company is headed
by Charles P. Orr, of Washington.
Barred Window Fails
To Foil Store Theft
Removing two iron bars in a
rear window of a Sanitary gro
cery store on Wisconsin Avenue
near Fairmont Avenue, in Be
thesda. Md.. robbers last night
stole 40 cartons of cigarettes, a
box of cigars. 10 pounds of
sugar, four hams, bacon, butter
and other supplies, Earl Plum
mer, manager, told Montgomery
county police of the Bethesda
substation today.
TAX ABATED
The Fair Stock Trust of Chi
cago. Edward J. Lehman and
others, trustees, today were grant
ed an income tax abatement of
$809,771, the Treasury announced
yesterday.
TA« National Daily
dally strong Germany is yet in
sight. Ido not think that a com
plete German debacle was ever
discounted in the stock market.
Therefore I do not see how the
merely negative progress that is
being made can put stocks up
much. The recent action of Ger
man bonds is not evea encour
aging.
There Is no indication that the
railways are going to get any
such general rate advance as they
are asking, or that it would help
them much if they should get it.
I am sure that if the Reserve
Board believes it can start credit
inflation now, it is wrong. The
banks outside New York do not
want it. Their problem is still
one of liquidation.
Hopes for Fall Slim
Hopes of a business revival this
fall are still premature. I believe
that in well informed quarters
there is as much fear that any
gains will be less than normal
for the season as there is hope
of more.
Certainly the market is not
going to get anywhere as long as
the present public apathy pre
vails and the trading volume is
so low.
Since so many of the leading
stocks are being held at prices
which are abnormally high for a
major depression period, we must
infer that obstinate investors (at
much higher prices) are still
hanging on, and that liquidation
is not complete in such stocks.
Their yields are too low to at
tract investors, and their present
owners do not have the means
to mark them up and thus de
velop a speculative following.
It seems to me that'in order
to get activity and a good basis
for a sustained recovery, the mar
ket will have to be let down to a
lower level —sooner or later.
Navy Orders
Comdr. Isaac C. Bogart, to
Naval Operations, Navy Depart
ment.
Lieut. Comdr. Wallis Gearing
to duty in charge of aviation
mechanics school, Naval Training
Station, Great Lakes. 111.
Lieut. Gordon J. Crosby to duty
as aide on staff, special service
squad.
Lieut Clarence L. Hayward to
U. S. S. Sapelo.
Lieut. Patrick Hill to home.
Lieut. Clyde Keene to duty as
engineer officer, U. S. S. Sapelo.
Lieut, (j.g.) Daniel M. Miller
to U. S. S. Blakeley.
Ensign Samuel B. Frankel to
Asietic Station.
Capt Charles M. Oman (Medi
cal Corps), to duty as medical
officer in command of U. S.
Naval Hospital. Annapolis, Md.
Lieut. Comdr. Harrj' S. Harding
(M.C ) to duty Naval Hospital.
Great Lakes Hl., about July 24.
Lieut. Caldwell J. Stuart (M.C )
to Norfolk Naval Hospital, Ports
mouth, Va., for duty.
Lieut, (j.g.) Burr Dalton (M.C.)
to Naval Hospital, Newport, R. I.
Lieut, (j.g.) George N. Cros
land (D.C ) to duty Naval Air
Station, San Diego. Calif.
Lieut, (j.g.) Julius C. Early,
jr. (MC.) to Naval Hospital,
Norfolk. Va.
Lieut, (j.g.) Victor A. LeClair
(DC.) to duty Naval Hospital,
Great Lakes, 111.
Lieut, (j.g.) Robert W. Whee
lock (DC ) to duty Naval Air
Station, Pensacola, Fla.
Capt. Hugh M. T. Pearce
(Ch.C) to Navy Yard, Mare
Island, Calif.
Army Orders
Leave of absence is granted to
each of the following officers:
Col- William J. L. Lyster. Med
ical Corps, extension 20 days.
Major John B. Anderson. Gen
eral Staff Corps, one month.
Major Frederic G. Munson,
Judge Advocate General’s Depart
ment. 16 days.
Capt. Llewellyn de W. Tharp,
Infantry, one month-
Capt. Thomas Phillips, Chemi
cal Warfare Service, one month.
First Lieut. Edward V. Free
man. Quartermaster Corps, two
months.
Maj. Gen- Fred W. Sladen, U.
S. Army to be retired.
First Lieut. Mary F. McLaugh
lin, Chief Nurse. Army Nurse
Corps, to be retired.
Major George F. Lull, Medical
Corps, tw duty In the office of
the surgeon general, Washington,
D. C.
Second Lieut. John B. Allen.
Signal Corps, to the First Signal
Company, Fort Monmouth. New
Jersey.
Major Norman W. Peek. Air
Corps to Scott Field, Belleville,
111.
Capt. Milton O. Boone, Quar
termaster Corps, to Fort Benja
min Harrison. Ind.
Capt. Earl S. Hoag. Air Corps,
to Chapman Field. Miami, Fla.
Capt. Frank B. Steinkolk. Vet
erinary Corps, to Chicago.
Major Harry H. Dunn. Cavalry,
to Fort Bliss, Texas.
The appointment and assign
ments of the following enlisted
of the Medical Department as
second lieutenants, are an
nounced: Serg. Ralph Beveridge
Robinson, Fort Jay, New York.
Serg. Paul Christian Borup, Fort
Hayes. Ohio.
Serg. Philip Wright Hocker
smith to Fitzsimmons General
Hospital, Denver, Colo.
SATURDAY—JULY 25—1931
New York Curb Market
IHlghl Low IClnwe
Affiliated Frod I I R %|
Allegheny Ga« 1%! .I*4 1 %
Allied Mills I 4%l 4% I 4%
Alum Co of Am 1116 115 % 1116
Am Capital R I 1% 1% 1%
Am Capital R Seller.. 5 1% 1%
Am Cities pwr A I 31% 31% 31%
Am Comnw A I 13% | 13 13%
Am Commw #%B pfd.l 73 ■ 73 73
Am Cyanam R I 7% 7% 7%
Ani Dept Store 2% 2% 2%
Am Equities 5% 5 5%
Am F Pw ww ......| 15% 15% 15%
Am Founders .’.I 3 3 3
Am Gas & El . 64% 64% 64%
Am Light A- T 37% 37% 37%
Am Superpwr I 10%; 10%|
Am Tltil A- GCp B vtc| 1% 1% I■%
Am Yvette | 2% 2% 2%
Anglo Chll Nit 115-16115-16 115-16
Appalec Gae I 4%| 4% I 4%
Ark Natll Gaa | 3%| 3% 36*
Ark Nat'l Gaa A ... 3% 3% 3%
Asao Elec Ind 4%| 4%! 4%
Aseo Rayon 1% 11% 1%
Atlaa Util 5%| 5%| 5%
Auto Vot pt 11% | It | 11%
Bentley .Chain 5t0...l 14%| 14% 14%
Blue Ridge 3% I 3% 3%
Blyn Shors %| % %
Borne Scrvmxer 9%| 9% 9%
Brazil Trac .' 18%l 18% 18%
Butler Bros <% 4% 4%
Cam Co % % %
Carnation Co 21% 21% 21%
Cent Fuh S Md A... 11% 11% 11%
Cent Sta El 7% 77%
Chain Store Dev»l I 1% 1% 1%
Chatham Phen All nv. 15 15 15
Cities Serv 1n % j in m%
Cities Serv pf | 65% I 65% 65'1
Cmnwl * s war | 1% 1% 1%
Community Water .~| 9% 9% 9%
Cont Shrs cv pf 26 25% 25'4
Cont Shrs B pf |25 25 25
Cord Corp I 8 7% 7%
Creole Petrol | 2% 2% 2%
Crocker Wheeler |l2 12 12
Cufsi Mex | •% %
Curtiss Mfg A I 17% I 17% 17%
Dayton Air En I jj j %
Deere & Co j 22 I 21% ( 22
DeForest Radio ’ 3%! 3%l 3%
Derby Oil & R I 2%! 2%| 2%
Detroit Aircraft....... | I%| I%| 1%
East Gas * F | 19 I 19 I 19
Eisler Elect | 3-%l 3% 3%
Elec B * s | 371,1 36%| 37%
El Pwr*l,t Op war..| 18',! 18%| 18%
Elec Shareholder .-...1 12%l 12%! 12%
Empire GA- F 7s pf...l 61 I 61 161
European El dhr rts.l 1%1 I%| 1%
Fairchild Av A I 3%[ 3%| 3%
Ford Motor Ltd I 11%| 11%| 11%
Fox Theater A I 2%l 2%| 2%
Franklin Mfg I 3% I 3% I 3%
Gen Emp Corp I 16%| 16'* I 16%
Gen Theater cv pf....| 7%| 7%l 7%
Globe Und Ex | 7%l 7%| 7%
Goldman Sachs Tr....l 5%l 5%l 5%
Gray Tel P S I 70 I 70 I 70
Gulf Oil 1 54 | 54 | 54
Hamilton Gas vtc I 3%l 3%| 3%
Horn & Hardart I 38% 38% 38%
Hygrade Food ' 3% 3%l 3%
Imperial Oil Can new! 11%' 11%: 11%
Insull Ut Inv I 28 I 28 | 28
Ins of N A I 53%l 53%’ 53%
Insurance Sec I 6%l 6% 6%
Interstate Pwr 7s pfd.l 70% 70% 70%
Irving Air Ch I 9% 9%: 9%
Italian Sun A I 2%: 2 % 2%
Leonard Oil I %' % %
Lerner Stores I 20% '|t% 20%
Lone Star 4. I 16',. I 6 1 , , 16%
VIGIL STILL DN
FDR BOVS BODY
VIRGINIA BEACH, Va., July
25.—Although hope of finding
the body of Gordon Troth, 16.
son of J. Ezra Troth, of Wash
ington, has practically disap
peared, a vigil is still maintained
on the chance’ that current and
tide may reveal the body. The
boy was drowned here two weeks
ago.
Until a day or two ago the
boy’s father, who is cashier of
the Chevy Chase Savings Bank,
of Washington, haunted the
beach where the boy was las:
seen.
Gordon was a guest with sev
eral other boys and girls at the
Cavalier Shores home of Mr. and
Mrs. Thomas Goode. While
swimming he disappeared. Planes
assisted in the fruitless hunt.
SIO,OOO Death Fund
Sought by Oil Firm
A jury in the corporation court
of Alexandria Monday will rty
the case of Mary Wanzer, ad
ministrator of Rufus Wanzer,
colored, against the National Oil
Company and Beatrice Terrell,
‘colored, in which SIO,OOO damages
is asked for the death of Rufus
Wanzer.
The declaration of the plaintiff
alleges Wanzer died from burns
received when gasoline which had
been purchased as coal oil from
Beatrice Terrell, exploded.
City Council Delays
Naming Police Chief
The Alexandria City Council
met today for the last time be
fore adjourning for summer va
cation. Final passage of the
amended zoning ordinance! and
other routine matters were
handled.
Council will have the appoint
ment of a new police captain,
but no action will be taken until
the case of Captain Campbell
ers. He lives at Aliquippa, Pa.
and awaiting hearing on a theft
charge.
Pennsylvanian Gets
D.S.O. Citation
Private John W. Smith, A. E.
F„ today was awarded the Dis
tinguished Service Cross for ex
traordinary heroism in action
September 26, 1918.
The citation says that “when
the advance of his platoon had
been temporarily halted by in
tensive fire,” Smith, displaying
exceptional leadership, organized
scattered troops and captured
machine guns and several prison
ers. He lives at Aliquippa.
Ideal Society Plans
Thanksgiving Rites
The eighteenth annual Tr*nks
giving services of the National
Ideal Benefit Society will be held
at Miles Memorial C. M. E.
Church tomorrow night.
A sermon by the Rev. R. F. Full
wood, pastor of the church: wel
come address by Mrs. Carrie Hall:
response by Mrs. Martha B.
Brown, and history of the order
by Mrs. Bessie L. Wilson, will
feature.
w /CIQRo
Lor Ang G A E pfd..Ht 1111 Itll
MacMarr Stores ......I ins, in**
Mass Ut Assoc ,j 4 14.4
Mavis Bot'l i 2 | 2 I 2
May Radio Tel 161 7 1R 1 «
McCord Rad R I 77 17
Mcsta Machine '27 1-27 I 27
Mid Royally evt r»fd. I ll%i 11 I 11
Mid Staton Fot B v.,.| % % %
Middle W Util 17\l 17* # ! 17\
Midland United 16
Miss Riv Fuel bd rts.l « i 6 | 6
Missouri K Pip® L....1 . 4\‘ 4> l 4
Mock Jud Voehnnger.' s 8 18
Nat Fam S I 2%| 2 I 2
Nat P & L 6s pfd. . . JlOn’g 100% 100%
Nat Service Un I I%| 1% i 1%
Nat Rubber M 3%t 3%| 3%
Nat Steel wi I 6 | 6 | 6
Nat Short T Ser A.... I 21% I 21% 21%
Nat Union Radio I 2%l 2% I 2%
New Eng Pow pfd. ..l >l%l 81%l 81%
N Y Fow L «8 pfd. 104% l'»l% 104%
Newmont Min I 28% I 28% I 26%
Niag & Hud Pow | 11 I ]n%: I<»%
Niag A- H Pow A war 2 I 2 I 2
Nr’ European 0i1...... I % I %l %
Ohio Cnpppr I
Pandem Oil | %l %■ %
Pan Am Airway 24 % 24 % I 24 %
Pennroad vtc | 6 | « | «
Perryman El I 1 I %l •%
Philip Morris Co j 2 I 1%l 2
Phoenix Sec I 1%l I%| 1%
Pilot Radin A I 10% | in |
Producers Royalty I I%| 1 j 1
Public Utilities xw ... 3%l 3% 3%
Public Utilities war.... %l %
Pure Oil Rs pf 68 , R 8 AR
P S Co of N 111 205 1200% 202
Railroad Shares 3t a | 3%i 3%
Republic Gas Co ' 9%' 8% ( 9
Roan Antelope .......J R%| B%| 8%
Rockland Lt 16%! 16 % | 16%
St. Rpgif Pap 12% 12% 12%
Salt Creek Pro 4% I 4%' 4%
Schulte Unitd * %! i, I %
Seaboard Util ' 3% 3% 3%
Segal Lock j 5%l 5% 5%
Seiberling Rub ' B%j 8% 8%
Sentry Control ! 1 I %’ %
Shatt’k Denn Min I 3% 3% 3% !
Shenandoah I 4% 4%' 4%
Solar Ref 10% ]n% ]0 •%
South Corp ' 3 I 3 | 3 o
Southland Rovalty ....I 5%1 5%| 5%
Spiegel M S ».%s pf....l 35%: 35 .35 %
St Oil of Ind | 24%| 24%| 24%
St Oil of Kv j IR% ! IR%' ]R%
Sf Oil of Qhio | 43 | 43 1.3
Stand Pw & Lt | 33 | .33 I 3.3
Stutz Motor 1 12%| 12% 1%
Sunray Oil (Del) I I%| 1% 1%
Taggart Corp 1 6% j 6%| 6%
Technicolor ..| 6%] 6%j 6%
Tech Hughes G I % I 6% 6%
Todd Shipy ds I 44 | 44 4 4
Trans Lux I 5%| 5% 5%
Tri Utilities | 3% ?%| 3%
Twin St Nat Gas A.-' ■% I %| %
Union Oil Assoc I 15 [ls 15
United Corp war 9% 9%; 9%
Un Founders C0rp....! 5’ a | 4% 4%
United Gas n®w 6% 6%| 6%
Un Gas new war 2% 2% I 2%
United J, & p A 20-%' 20%: 20%
United Verde Ext.... 19% 9% 9%
Utility Equitv pfd ... . I 72% 72%! 72%
Utilities P & L n....| 6% B%' 8%
Util & Ind | 5% 5% I 5%
Util <C- Ind pf I 18 17%' 1R
Vacuum Oil 43%' 42%. 43%
Walker H I 5% 5%' 5%
Wpqtnrn Air Exp I 12%l 11%; 11 %
Wilson Jones | 15%| 15% 15%
« Hffl
HELD ON BOND
John Dade, alleged proprietor
of the Forestville Club, appeared
in Police Court today to face
' liquor charges and a charge of
’ maintaining a disorderly house,
and was held under SSOO bond
for a jury trial, sought by Alan
Bowie, State’s attorney of Prince
Georges county.
Judge J. Chew Sheriff dis
missed the disorderly house
charge against Dade, and held
him under bond for the liquor
case. Mr Bowie asked for trial
by jury after it was learned that
the liquor had not been analyzed.
Dade posted, the bond.
Glen Elliott, a barber of Upper
Marlboro, who was haled into
court for ‘liquor violations, was
held for trial and released on
SSOO bond.
Edward Gant, colored, of Upper
Marlboro, was fined $25 for
assault and battery upon Albert
Michaels, and $5 for being drunk i
and disorderly. Gant, according !
to testimony, hit Michaels over ’
the eye, inflicting a deep wound. [
John Austin, whose alleged'
liquor establishment was raided i
by Prince Georges county police
men last week, was released on
SI,OOO bond pending grand jury
action.
Committee Named
For Firemen's Meet
A committee consisting of
Merle T. Jacobs. Moffatt Grimm,
Edwin Kinsey, Charles Pope and
Lewis Reed, fcas been selected by
the Gaithersburg, Md., Volunteer
Fire Department to make arrange
ments for the annual county
volunteer fire department speed
contests which will be held at
Gaithersburg next month.
The companies will compete for
the Browne and Randall cups,
which go to the company winning
them three times. The Browne
Cup has been won by Sandy
Spring, Chevy Chase, Bethesda
and Gaithersburg-Washington
Grove. The Randall Cup, which
was competed for last year for
the first time, was won by the
Gaithersburg-Washington Grove
i firemen.
Boy of 9, Fishing,
Drowns Near Laurel
LAUREL. Md.. July 25.—Falling
ino the water at an old mill dam
in the Patuxent River yesterday,
Ellsworth Barnes, 9, of Laurel,
was drowned.
He was fishing with his step
father, Samuel Leisure, and
plunged into the river as Mr.
Leisure turned his back to get
a fishing pole, it was said. An
other fisherman brought the
body to the surface.
The rescue squads of the
Laurel and Bladensburg volun
teer fire departments were sum
moned, and with Dr. Robert Mc-
Cenay, Laurel, applied resuscita
tion methods for several hours
before Ellsworth was pronounced
dead.
Hnm® ■Fek®rs whn want to pgJiblish
fbemselves in a hnm® of their c* n
before the hot eumm®r months *4ll
find a timely home selection in the
'•Real Estale for Sale Caiumne of the
Classified Section. •
MORE TOBACCO
IS PLANTED IN
MO
About 6,000 Acres Increase
Over Last Year’s Harvest
and Condition Is Excellent
Maryland tobacco acreage this
year by preliminary estimates, is
about 40.000 acres, compared with
34.000 acres harvested last year,
an increase close to 18 per cent.
Condition is better than nor
mal. being reported at 85 per
cent on July 1. The average
condition on July 1 from 1920
to 1929 was 82 per cent, and at
this time last year the condi
tion was 83 per cent.
If the crop yields 775 pounds,
as expected, per acre, production
will be about 31.000,000 pounds.
Production last year was about
i 18.190,000 pounds, and the aver
age for 1925 to 1929 was about
24,423,000 pounds.
Prince Georges, the most im
portant tobacco county in the
State, has a planted acreage this
year about 21 per cent greater
than was harvested last year.
Calvert and Charles counties
about 16 per cent more; St.
i Mary's a 27 per cent increase,
I and Anne Arundel about 6 per
I cent.
REVENUE BOOST
FOR HUH
Gross revenues of Chicago,
Rock Island and Pacific railway
for the first half of July have
shown an increase over those for
the corresponding period of 1930.
The percentage gain in the second
week in July was greater than
chat shown by the first week.
This is the first time the road
has shown an Increase in gross
over the corresponding period in
a preceding year since January,
1930.
June earnings made a substan
tially better showing than those
tor May.
It is estimated that gross rev
enues for June showed a decline of
! more than $1,000,000 rom 1930,
| while net income for the month
probably total approximately the
same as for che corresponding
month in 1930, when it was $593,-
158.
Gross for June 1930, amounted
to $10,540,387.
Aluminum Firm
In $9,000,000 Suit
NEW .HAVEN. Conn., July 25
(I.N.S.),—Damages of $9,000,000
were asked by the Aluminum
Company of America, Pittsburgh,
in a suit filed by the Bausch
Machine Tool Company of New
■ Haven, in United States District
Court here yesterday.
The Stamford law firm of
Cummings & Lockwood filed the
suit in w’hich the plaintiff
charges "unfair practises” in vio
i lation of the Sherman act, arid
[ requests treble damages be re
t warded, naming $9,000.00 as the
I sum desired.
New Set-Up Bared
For Sugar Company
Under a reorganization plan,
bondholders of. the Cuban Domin
ican Sugar Corporation and its
subsidiary. Sugar Estates of
■ Oriente. Inc., assenting to the
I plan and exercising in full the
subscription rights offered there
under. will become owners of sub
stantially all the securities to be
issued by a new company to be
formed to take over the extensive
Cuban Dominican properties.
MONTGOMERYWARD
Montgomery Ward & Co. has
declared the regular quarterly
dividend of $1.75 on the Class A
stock, payable October 1 to stock
of record September 20.
NEWS
In Today’*
CLASSIFIED ADS
room FOB REXT—Park Rd. near
14th St. . comfortably fur
nished cool room next to pri
vate bath in attractive private
home gentlemen preferred
. . . reasonable rate.
I «F.n TAR FOR SALE—Ford Sport
Roadster, 1929 . . . newly painted
new top . . perfect con
dition In every wav . . . Will sac
riflce for #220
Ft RMTI RE BOUGHT — If yon
have any antique* or modern furni
ture for sale be sure to call me
first ... 1 par the best price*
In the city . . . estimates cheer
fully siren
4PARTMEXT FOR RENT—First
floor, 2 room* semi-bath
light housekeeping . .
heat, light and gae Included for
13A.50 . . . Conveniently located to
downtown business (action.
PHYSICAL CFLTCRE —For the
person who Is nnable to spend much
.time in the open but wants a be
coming coat of tan . consult
I with us . . electric bath cab-
I Inets . . . radiation of the entire
body . . . vitality and renewed en
ergy . . Ooen from 9 a. m. until
9 p. m.
Thue are "eide’ightt" on tome of
interut’ng advert 1 rem ente von will find
in today’e Clarified 4<fs.
17

The Washington times. [volume], July 25, 1931, Page 17, Image 17
About The Washington times. [volume] (Washington [D.C.]) 1902-1939

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The Washington times. [volume], July 25, 1931, Page 17, Image 17
About The Washington times. [volume] (Washington [D.C.]) 1902-1939