Evening star., 1933-03-16
WASHINGTON Stock
MARKET REOPENS!!
Bond Group Proves Feature
+ of Trading-NeW Issues
Added.
BY EDWARD C. STONE.

action by the board of governors.
The bond division drew the most
attention. Prices were about where they
stood before the holiday was declared
which was considered both gratifying
and constructive.
Trading was moderate. Potomac
Electric Power 6s figured in the first
$1,000 transaction, selling at 1924.
washington Railway g. Electric 4s
figured in $1,000 turnover at S112'
fined to Potomac Electric Power pre-
ferred issues.
Today's session was opened under the
following resolution, which was adopted
yesterday:
Resolved. That the Washington
Stock Exchange shall be opened for
business at the usual hour on Thursday,
March l6, trading to be in all listed
bonds and stocks of public utility COM
panies. and such ether securities as
NAV he admitted for trading from time
to time on order Of the board OF gov
ernors."
AT today's session the governors ex-
panded the list by adding permission to
trade in Lanston Monotype, Peoples
Drug Stores preferred and Emerson
BrOmO-SelIZer A
Exchange Board Rooms Crowded.
The board rooms in the local New
York Stock Exchange offices were
jammed to the doors again today long
before the tickers started at 10 O'Clock.
Feverish interest was manifested in the
stock market following yesterdays s
amazing rush of business as the Wall
Street holiday came to an end.
Quotations today opened higher than
they closed last night, although the
ticker movement indicated that there
was considerable profit taking by trad
ers who had large gains from yesterdays
wild advances. This appeared to be
further progress.
In Washington broker offices today
there was an atmosphere which remind
ed one of the good old days" before
the Wall Street crash in 1929. The
volume of trading was heavy, there
was an endless amount Of gossip about
the immediate future of the market
and much more confidence expressed
in the financial outlook in general.
Brokers were cheerful, in fact, de-
lighted with the great increase in VOL
ume. Customers were cautious, as yes
terdays advance was so rapid that they
feared all the gains might not held.
The advance in commodities also
aroused unusual concern and was con-
sidered extremely important In its BEAR
ing on the agricultural situation.
Pennsy Pays Dividend.
The Pennsylvania Railroad paid out
s6583848 in dividends yesterday to
249, ,778 stockholders, of whom over 107,-
of thnca nhpckc
were received by local investors Pay
ments to American stockholders situ-
ated in the territories covered by the
II Federal Reserve districts were: Phil
adelphia, 50 100000; New York, 81, l,848,-
600; Cleveland, 1868, 900; Boston. $685.
600; Chicago, S22300O; Richmond,
Sl8800O; San Francisco, s1o5,000; St.
Louis, ST. 900; Minneapolis, $4,000;
Kansas City, $4,000; Dallas, $4,000.
The Treasury is offering 100000
900 of 91-day bills. for which bids will
close at 2 pm. Monday, March 20, ac-
ccrding to Secretary Woodin. This new
oeffring will increase the total of bills
outstanding. 1t may be considered as
a part of the regular March is flnanc-
- ing. Part of the need for these funds
arises from the banking situation, which
will delay temporarily receipts from
taxes.
Bank President Back at Desk.
Victor B. Deyber, president of the
Second National Bank and secretary of
the Washington Clearing House Asso-
citation. was back at his desk today after
an attack of grip.
Mr. Deyber had to shoulder an i'm
mense amount of extra work in con-
nection with the almost constant meet
ings of the Clearing House Association
before and during the Nationwide holi-
q day declared by President Roosevelt.
Weakened by overwork, he caught a
: cold which terminated in an illness
. which forced him to remain at home.
George o. Vass, vice president Of
! the Riggs National Bank, substituted
for him at the Clearing House meetings
after he was taken i'll. Mr.. Deyber
, was we'll on the road to recovery today.
Building Associations Very Busy.
, Building and loan associations in
Washington we're sharing again today
! with the banks the greatly increased
business which has developed since the
. ending of the financial holiday. There
. has been constant stream of depositors
going into these offices One asso-
. citation reported that during the past
larger than Withdrawals.
, Local bank officials expressed deep
I qualification again today over the fur
, ther increase in Washington's 20 banks
! which we're granted Government Ii
! censes and reopened on full operating
schedules on Tuesday. Customers filled
. the bank lohbies and a feeling of op-
! timism was everywhere to be seen and
heard.
Heard in Financial District.
. Papers were filed yesterday in the
: District for the Incorporation of Slau-
: son, White g. Rowe, to deal in invest
ment securities. The new corporation
&, White. located in the Peoples Life
. Insurance Building. The officers are
>, Don w. Slauson, president: Roland H.
Rowe vice president and Mabel S.
White, secretary treasurer.
81 Fanny Farmer Candy Shops, Inc, has
declared a dividend of 25 cents on the
common stock and the regular quarterly
dividend of so cents on the preferred
stock both payable in United States
March Is. Three months ago similar
dividend was paid on the common stock.
Loose-Wiles Biscuit Co. has declared
the regular quarterly dividend of SITS
on the preferred stock, payable April l
to stock of record March %.
Bank Pays SIS Dividend.
First National Bank of New York has
declared the regular quarterly dividend
of S25 payable April to stock Of rec
ord March 25
John r. Thompson Co. Restaurant
has declared the regular quarterly divi-
dend of 25 cents. payable April l to
stock of record March "a.
Irving Trust Co., New York, has de-
clared a quarterly dividend of Is cents
payable April l to stock of record
March 10. Previously 40 cents quarterly
was paid.