davidaulloa/AmericanStories huggingface dataset:
Evening star., 1952-03-24
Chicago Groin

CHICAGO, Mar. "a Ro.-Weakness IN
soybeans dragged the rest of the grain
market lower on the Board Of Trade
i was An extremely dull. market. par.
ticularly at the opening. Initial prices
showed . little change except In the
soybean pit. where losses ran to more
subsequent dealings and sts tie rest of the
market failed to hold up In view Of the
easiness In beans.
Wheat near the end Of the first hour
ws1 lower oWeI MAJ Msy ss ss ass sSysssss sass
were lA-2M cents lower. May 2.9434,
pounds so,iOIn lever, July d2;a7; ,..,.. Ga.
fairly large sellers Of soybeans in early
dealings. The weak manner in which
March beans closed out on Saturday,
indicating no aggressive demand for the
reason for the early slump.
Traders also noted that, although re-
celptS OF soybeanS have not been running
very heavy, the supply Of beans back in
the country still Is quite large. II is felt
market, The fact that farmers intend to
plant q large acreage also depressed the
- For Or time in the early dealings feed
grains. particularly oats. had q arm
undertone. Heavy SHOWS were received
particularly Iowa and Minnesota It was
felt this would reduce marketings Of feed
Dealings in wheat were very slow. Some
traders noted the Agriculture Department
was in the market for Egyptian long
staple cotton, and they felt barter deal
be worked out with that country These
hopes weren't enough to drm the bread
cereal in early dealings.
Evening star., 1952-03-24
New York Produce

NEW YORK, Mar. "a R,.-Butter easy.
Wholesale prices on bulk cartons. Cream
cry g! hisher than sa score oAA fresh. 70s.:
fresh, 69sl; SO score 6 fresh. unquoted.
Cheese steady. wholesale sales. Amer
lean cheese. whole milk. cheddars, fresh,
41A-43h; eheddars, June 1851, 46-4S;
cheddars cured. 1949-50, 50-56; single
daisies, fresh. 431a-45; single daisies. june
1901, 47-49; single daisies, cured 1949-
30. 60-66; young Americas, 43Is-45;
young Americas, cured l949-50, 56-56:
flats, 44k-46M: flats, cured ls49-50.
1949-5Q. 51-57; processed. pounds. 43Ha-
|46m; domestic Swiss, single tubs, grade
Ia, 61-65; grade B. 59-63; grade G, 1851.
|. Eggs firm; New York spot quotations.
based largely on exchange trading. follow:
|Midwestern. mixed eolors, fancy heavy
weights. 41h-42; extra large 1914 40:
extra medium 37As-3s; pIllets. 81;
Eshandled. $3.50. dirties, 33-S3N; cheeks.
32-32M; whites. fancy heavyweights 42M:
extra 1 large. 401z-41: extra medium,
80 "; browns fancy heavyweigilts. 42-43;
extra ! large. 40-41; extra 4 medium.
Nearby. whites. extra fancy heavy
weights. AN; fancy heayyWeights. AZ;
"a is-351s; browns. extra fancy heavy
weights. 42Ez; fancy heavyweights, 41-42.
mediums. 40; pullets. 34-35.
Evening star., 1952-03-24
Chicago Livestock

CHICAGO. Mar. "A. H1.-UsDA)-
put ssnsTsiiy islrIy ecsiye trade. is uneven even
put mainly % cents higher On both butch-
ers ana Sowsi top 1T.40 for few loads
cn9ice l8O-22O pounds; most choice 10O-
@30 pounds, 17.1b-15.36; 230@26O pounds
ii8.SS5-la 20; 260-2SO pounds, 10 3d.
loads, 33O-360 pounds. 1b.76-16. .0Os most
sows 400 pounds and under. 10. .00-1E.16;
bulk 40Q-tQ0 pounds. 14,00-16.26; few
heayies 70 1880 and below; socd clear
ssiable cattle. 10000: saiable calves,
800; moderately. active; s1aughter steers
and heifers. strong to mostly so cents
higher; instances up more on steers; cows,
steady TO 26 cents higher: bulls. steady
to so cents hieher; seaierss about steady:
few loads prime steers and yeaflings,
80. 1888. 20; most hish-ehoice To low
prime grades, 3g.5O-3S so: bulk choice
srsdss: ss; ;so.ss .fsE loads atiiity
prime 007-pchnd heifers, 81. .DO; eood
and choice heifers. 40 .00-34 90; utility
and commercial cows, 20. .75-24. sos cane
ners and cutters, 17.5g-2O.60 utility
soed and choice veaisTs: s50oss7: 90; -
strong 70 30 cents higher. top 2S 90; III
pounds, 900: 1l9 pounds. 26.76; cfEk
classes 1qmtnnlly eteAdy.
Evening star., 1952-03-24
Produce Markets
Baltimore quotations J

Baltimore quotations supplied by the
asai strons.r Ssss ssay-
bseisa: Esai saa sSsf inches g. 75sSS
mans. ga inches up best 3.25-50; 2h
q $M inches sp S.sosaS; SO iS STAY stsymsns. .?Ss ~
nss emss inesss p ana a1'ass s niche: aD sS SD;
bnsn.i fair coiOr sr:,.: 2I5 Pennsylyania 1lS
sotasees oId. @snfs about aD steady. stead o. 8 Is.
sv.nA W kasahdins di sopoanS nSasnsa sssEs fsa5 sa5
q; Q; 9. Is. size ,. lao. 1O-pound sacks.
Sweet potatoes .. slightly stronger,
some washed. New Jersey Goldens. $50
Beans ana Beets.
|shel. hampers. Valentines. fair to generaiiy
olnsiy SnstS iss sSSa rsDsets sgs!ts
saiSsI I1%s mems. Saas osssssf SieSisS
J dBSests Pennsyivsnis bushels. topped
Cabbage About steady crates. slisbtly
mostly mostly ISd around ssosa poo1sr aSSa ioo: 81 81
.sss ssaBss Bssn.i so,si s.. RssasS SSasS
..SSsS su.hsl baskets.
Sssa ecra-ssoas sSasa sSsaO :sssds Florida. crate.
;|lss Z ssssas = ~ 's'sS ssS:
Cucumbers 50 weaker; bushel baskets,
Florida; II,0o-1S, ,O0; Cuba, S.oo-S 100. =
Condition. SCaaf SssestS sooaso aesSoaS fair quality and
az sSsa.I 1sausrs s4s.. bs;ssts @ 90
A'oV' suesip p..,Ve.u M.a..,Hs' S.a,sss' @'VV-~'~O.
r0ui'is iGS Els..sSet icy sa1ss msrE.ts. K suo'e
sapy ssGehs1 steer. SoGh @th asaSs
slaughter classes, scarce: trading started
ately active. ct steady to strong prices;
good and choice 900-1 900 pound steers
$2 ,S0-34 ~. few lots choice TO prime At
steers afs 1osa sO
sssi ssSs:s,s ::ssds s,s;s ss:
l lesds medium e choice $4,000 pound:
caivesso' '0sn Very s'ssi5S SLOW, ~:op e oo
fsseri lev prime f3sd sS6S e 6S5ims veaisr'
higher. sows about 25 higher; choice I7O-
SS9a ips:s5ssTss ossSisSS SsSS poanas aaS
1875; 400-450 pounds, 137b-I42S:
heeyier sows around 1925 down.
Sheep-26. nominal.
Grain Market,
Eiour-Receipts. 7.649 1O0-pound sacks
Wheat-Receipts, II 6. $50 bushels: shin
ments, 144.5O0 bushels; stocks. 1865 ,255
Isd Msrcs. sl1ssr ssT sssTTlss' NoD sDos
corn-Receipts. $4,000 bushels; ship
mnents, na, 10000 bushels; stocks. 2,267 .671
SSefs. .r,...,,,t, ,.,.. .h,.-..
stocks. 5000 bushels.
Bariey.Rsceipts, S0.s11 bushels: ship
ments, l43.345 bushels; stocks. l69.234
Rye-Eecsipts; none; shipments, none;
soyheans Receipts. none; shipments
lS7,s65 bushels; stocks, 214,7O7 bushels
Miilfeed-Recetpts, none.
Evening star., 1952-03-24
New Steel Record Sci
Despite Cutbacks Due
10 Strike Threat
By he Assoeiuted pr,.,

! CLEVELAND, Mar. 24.-Ihe
Nations steel mills set another
all-time production record last
week despite some cutbacks In
preparation for strike that did
not come on.
Steel magazine, announcing
that yesterday, pointed out the
|CIO United Steelworkers post
poned the date they threatened
I'd walk out before there was any
appreciable loss Of production.
The new record for one week is
|2.127, 900 net tons of ingots, up
by $4,000 tons from the previous
mark set the week before.
That means, said the metal
working journal, that the Nations
mills operated at 102 per cent OF
their rated capacity. a Jump OF
|nne-half point.
This was one time q strike
threat failed to produce much
protective buying" Steel noted
explaining that was prevented by
Government rationing and q
growing caution on the part Of
buyers towards their inventories.
Some firms producing civilian
goods think their buyers have
ordered more steel than is war
|ranted, the magazine explained.
Big mills. Steel continued. are
confident they can maintain full
production through the first half
nf this year, but smaller mills
selling at premium prices are be-
ginning to feel lessening In the
demand for their output.
Prices remained unchanged
last week at the Government
ceilings.
Evening star., 1952-03-24
Business Briefs


cities In February totalled l84, $780,
661 lines for a gain of a. per cent
over the like month last year; for
two months 362,716.319. up 3.64o
from 1851 Media Records.
World Crude Oil production in
January averaged l1.874, 400 bar
rels daily. a gain Of 500 over
the same month last year.-Oil
& Gas journal.
Sinclair Oil Corp. in year ended
December 81 earned $81, 1898, 400
or $6.78 a share VS.. $70,193, ,146
or $5.81 in 1850.
Owens Illinois Glass Co. in year
ended December 81, $17,022 ,615 or
$5.57 a share VS.. $24,319. 900 or
$7.96 in 1850.
Northwestern Bell Tel. Co. in
year ended December 81 earned
$12.623 .593 VS.. $12,820. .298 in 1850.
Canadian Industries, Ltd. in
year ended December 81 earned
$11 ,526,525 or $3.50 a share VS..
$1l .094,154 or $1.53 in 1850.
Anheuser- Busch, Inc. in year
ended December 81 earned $1O,-
776.92 or $2.39 a share VS.. 8,276,-
927 or $2.94 in 1850.
American Metals Co, Ltd, in
year ended December 81 earned
$40. .782, ,359 or $500 a share VS..
So. .036,090 or $5.94 in 1850.
Price Bros. Co., 1t. in year ended
December 81 earned $8,568. .558 or
l$3.32 share VS.. $9.237.564 or $4.12
lin 1850.
Colgate PalmoIive- -Peet Co. in
year ended December 81 earned
$6,293,73 or $2.79 q share VS..
Sis. .736,538 or $7.66 in 1850.
Owens Corning Fiberglas in
year ended December 81 earned
$6, ,064,750 or 1925 a share VS..
81. .901 ,523 or $2.93 in 1850.
Columbia Carbon Co. in year
ended December 81 earned 5.469,-
279 or $3.50 a share VS.. $6,149, ,161
or $3.81 in 1850.
Mississippi River Fuel in year
ended December 81 earned $4.-
|452. $50 or. 1920 a share VS.. $4,041.-
486 or $3.50 in 1850.
General Refractories Co. in year
ended December 81 earned So, $780,
|584 or S8.42 a share VS.. $3,518,210
|or $7.48 in 1850.
ArgO Oil Co. In year ended De-
|cember 81 earned $3,534,710 or
SLIT q share VS.. $2,849,512 or
Isl. ~ in 1850.
Electrolux Corp. In year ended
December 81 earned $3,652. .428 or
|$2.W . share VS.. $z,124.131 or
|$3.35 In 1850.
West Kentucky Coal Co. In
year ended December 81 earned
So. .916,814 or $3.40 a share VS.. So
|270. .919 or $3.50 in 1850. !:
Mansfield Tire q Rubber In
year ended December 81 earned
50. lot .414 VS.. $2,525. .487 in 1850.
G. r. Kinney Co. in year
ended December 81 earned ST.
oil 500 or $3.48 q share VS.. ST.
|234,771 or .$4.56 In 1850.
Lehigh Coal g. Navigation in
year ended December 81 earned
81. .646.820 or IS cents a share VS..
81. .626.545 or $1.36 in 1850.
Best q Co. in year ended Janu-
AIRY 81 earned 1,622. 1903 or. So 10
Ia share VS.. $2,041.442 or $40 in
1850.
Braniff Airways in year ended
December 81 earned 1887 ,889 or
|$1.34 a share VS.. $1.228. .085 or $l.23
in 1850.
Haywood Wakefield Co. in year
ended December 81 earned 81, ,O05.-
|027 or $6.92 a share VS.. $745, $50
|or $4.76 in 1850.
Evening star., 1952-03-24
Stock Market IdIes,
with Changes Small.
In All Major Groups
81 Il. Assoeiated prsss

NEW YORK, Mar. 24.-The
stock market wandered aimlessly
in q scramble Of losses and gains
today. Trading dropped to Q very
slow pace.
Most price changes were small
fractions In either direction and
the mixed tendencies ran through
every major group In the list.
Traders eyed the news and pro-
ceeded with caution. There were
uncertainties and contradictory
conditions both at home and
abroad. The domestic situation.
however, drew their immediate at
tention.
Chiefly Of interest was the steel
labor situation. with President
Truman and Defense Mobilizer
Charles Wilson in conference on
the dispute
As the conferences on steel con-
tinued the prices Of steel stocks
on the market were down 4 bit,
Bethlehem and Republic were of
fractions. United States Steel,
largest Of the producers, slipped
from an early small gain.
Advances in the market includ-
ed Chrysler, Goodrich, Douglas
Aircraft, International Telephone,
International Nickel, American
Can. Union Pacific, Texas Pacific
Land Trust, Sinclair and United
Air Lines.
Among the declines were Mont
gomery Ward, General Motors,
Kennecott, American Cyanamid,
Westinghouse, Santa Fe, Phelps
Dodge and Johns Manville.
The bond market held to a mixed
pattern with price changes mar
row. Governments moved ahead
Slightly in over-the-counter deal
|ingS.
Evening star., 1952-03-24

There was q slight decline in the
rate Of asset growth, from "a per
cent IN 1850 to 6.5 per cent in
1851, Mr.. Harl pointed out.
Loans increased II per cent in
1851. compared with "a per cent
In 1850.
Ford Once in New Quarters.
The Washington Office of Ford
Motor Co. has been moved from
261 Constitution avenue NV. to
new and larger quarters on the
twelfth floor Of the Wyatt Build
ing, Fourteenth street and New
York avenue NV, Director Ger
aid K. Lynch announced today.
The Washington ONCE was es-
tablished in January to handle
company matters associated with
the mobilization effort. The re-
sponsibility Of the office has been
broadened since to include rela-
tions Of the company with all
branches and agencies Of the
Federal government.
Heads Credit Union League.
Paul r. Ashbrook, Arlington
general agent for the Farm
Bureau Insurance Co.'S, was
elected president OF the District
Credit Union League at its an
nual meeting Saturday at the
Hamilton Hotel. Other new
officers: julius w. Allen, vice
president: Harold Dotterer. treas
urer, and Merle Nolde, secretary
william p. Mallard was elected
national director.
Tomorrow win be Maryland
Day, Q legal holiday In Maryland
aAd al banks Of the State viii
slosed.
Evening star., 1952-03-24
New York Cotton

NEW YORK Mar. ~ R.-Cotton fti-
lures turned irregular In quiet forenoon
dealings today. Further hedgina and
New Orleans selling caused the market
before prices recovered partially on short
covering. a ieadiag Epot firm sold few
g isss s. sssns & &c Ms Sos Ss
Washington adyices said the MsA has
credit of $500. 900. estimated to cover cover
purchases OF around 10000 bales. Final
delivery date for the cotton win be
Noon prices were 5S cents - hale
higher to Is cents lower than thS Drevi-
Gus close. Nay 4l.2l. July 40.31 and
Evening star., 1952-03-24
Tips on US. Plans
To Buy Cotton Denied
BY Egyptian Dealer

Loutfy Mansour. big-time Egyp-
tian cotton dealer now under In.
vestigation, declared today that
American ofiicials he has been
dealing with "are loyal. conscien.
tious, public servants"
The Agriculture Department il
investigating whether Mr.. Man-
sour received any advance infor-
nation that the department was
about to start buying Egyptian
cotton last fall.
Mr.. Mansour is d long -tine
friend of c. d. Walker, head Of
the Agriculture Departments Cot.
ton Branch. The department in-
vestigation now under way In
wolves re-examination Of all cot
ton purchase procedures.
Il am sure" Mr.. Mansour said
in q press statement. "that the
facts win prove that the Ameri-
can Government ofiicials are Of
high integrity and are loyal, con-
!scientious public servants and the
United States should be proud \cf
them"
Mr.. Mansour came 10 the at.
tention Of Agriculture Department
investigators after he sold the de-
|partment 1850 Of the $4,000 bales
Of Egyptian cotton the department
bought last fall for stockpiling.
Mr.. ManSour explained today that
his firm, r. b e. Huri q Co. Is
the largest cotton dealer In Egypt
and used enough good business
judgment to have, plenty Of the
scarce extra long staple cotton on
hand when the United States be-
lgan to buy.
"The opportunity we had was
available to every other flrm." he
lsaid, 'and 1t was left only to that
firm with suficient enterprise and
financial ability to back up their
conclusions, all drawn from gen.
Ierally available information"
The Agriculture Department.
latter being out Of the market for
some months, announced last
week it would consider new offers
to sell or barter extra long staple
cotton to the United States. Mr..
ManSour revealed here Saturday
that he acted ahead of the an
nouncement. proposing cotton
lfor-wheat barter with Washing
ton. He said the offer was
rejected. An Agriculture Depart
ment spokesman said this pre-
sumably was because Of price.
Mr.. Mansour also visited WASH
Iington not long before the depart
ment started buying last year. He
said today his Washington trip
this year was to make q volun-
tary statement on the cotton In
vestigation. He said his trip last
year was to trade cotton but in
sisted that 1t required ne inside
information to get him into ac-
tion."
Evening star., 1952-03-24
=. SALES

0s1kN 1nAeD % tn0 GEeA11Oe
IL 100 am. 230 600 1900 noon $50 0oo
LOO pm. 600 600 400 p.m.- 600 600
fUnit Of trading 10 sharea. sIn bank-
ruptcy or recervership OF beins rooreaniSed
assumed 81 such cofspsnies Rates ecs9li;,ss ~ d;s's
lends In the foregoing tables are annusl
1isnursements based on tbs last quarterly
wise noted special o.. extra dividends sre
aot inclgded eld Called. Z Kx dividend.
stock dividend. Cash o. stock euS.
siared @ paid p far this year. .fPayable
H.. Y stock estimated cash value On q diyi-
clared or paid after stock DIVIDEND a
split-up; z Declared er paid this yesS. -
rears. nd Next day .deltvery. 5 Paid this
year. dividends omitted. deferred Or 40
sision fs.c9.rsS taken e lass diS.asnd msetins.
dividend: y Declared Or paid h iSiii 1851. si1s niuss
stSck ,s ,asiv!dend: yLlauidsttnE dividsnd
Ieermned On deelAfAtlon data -.
Evening star., 1952-03-24
Insured Deposits Mount.

T. Harl, chair
man Of the
Federal Deposit
Insurance Corp.
AL Of the years
$11 billion IN
crease took
place in the
last half after
q decline in the
first half to
$165 million on
June 80.
Assets also
set q record Of
$105 billion at
the end Of 1851.
Evening star., 1952-03-24
Foreign Exchange

NEW YORK. Mar. "a lP,.-Foreign ex.
dollars, others In cents): "
market. "a per cent premium or 100. .S5
United States cents. up 3/32 Of q cent.
Europe-Great Britain (pound), So. 8ON.
futures, $2 sos, up V Of cent; Great
~ 9 cent; Great Britain 90-day futures,
l;9Saa up ..00h OF cent; France
Holland (guilder5. se.s7, up .0i of Z
cent; Italy 0ira), .I6h of o cent, un-
CHANGED; Portugal lescudo). $50, un-
changed; Sweden (krona1, 1895 un-
changed; 5 Switzerland Qranc) Gree),
Latin America--Argentina tfree), 7.25,
up .O5 Of cent: Brazil dreel, $50.
uncnanged; Mexico. 81, UNCHANGED;
Far East-Hong Kong dollar. 1880.
unchanged.
Evening star., 1952-03-24
Market Averages
Odd-Lof Dealings

The Securities and Exchange Commis-
sion reported today these transactions by
lists on the New York EXCHANGE for March
~: 3.O63 purchases involving Sc. 765
shares; sales involving 4O.0l4 shares
involving 1.5e5 orders includins 40 shares
sold short on II orders. Fl
It reported these transactions for March
81. Oil purchases involving 14S,3f2
shares; sales involving 124.177 Sflai|s
involving 4. 400 orders including 60o Shafcz
sold short on 10 orders. 8
Evening star., 1952-03-24

FOREIGN i:I5
Antwerp Sc So lOos<
Ital Pub Ut3s77 A21z
Japan bias 65 e3
NeIherin3s4s57 D9lz
OrfenD Dv6 lss60 z3ls
WORLD BANK
IntBR&D3y72 e6 Q
NEW YORK CITY
IS so 1c osfs
DOMESTIC l.l6
AlucoArn 3Hs64 1O2
lAm&FP5s203O A %
Am&FP4 .S0sS7 eozt
AmT&T 33ss6S l16
AmT&T 2sks67 113zs
AmT&T .s4s61 lc7zb
Am Tob 81 62 lCost
AcL 4la-4s 80 1ol
Att c Z AVS a. 1o6ik
B q o Is o5 q 7SLt
$50 cy4ls2O10 ssh
Bang&Ar4ias76 30
Beth Stl IS 10 osst
Bos Me As 90 ~
Can No 4sas SO 106zt
|cauPac Is perp IC2M
Goa 4lks2O2OB 4 6lN
CRRNJ 3Nss 81 4eif
|CMSP4 las2Ol0- 7sN
Chi Ue 3sas 63 1o1N
96
Cit Serv Sc ~ SAN
| lCCCsL AVS N 66N
lfsnvm1fhYaSl Qn1Y 0aS(
Evening star., 1952-03-24

y 6kLEG1EO n86UE0l !
Con NC 31<s 76 1Oz5kl
| aN55s4srct, 525A
|D&RGW3-.ksil3 100
Det Ed cy 50 So LII
|Dnu 1t 23xS7s 06Ib|
Erie 4ias 2016 735SI
Firestone So 81 101zb
|GM&o 20l5 8 A e6t6l
|fCCSL IS 63A loo
Int ct No Is 50 5436I
|Leh WIT IS 81 : 06Ez
Leh v Sc 2O03C 04s6l
|Leh v IS 2OO3P rs
ILehv4 las2003B rs
Lab v - 2003A 10
Leh v Is 2OO3D 64ik
me Cen 4 Ias so 76llA
MKT I'D 5s67 o6bk
lMo-Pae 65as ~ -
iMor&E3 $4,000 5eIk
IN 2 4 r Is 90 621z
y Z c 81 2013 z3M
lNYC4 nas2Ol3A 66zb
INYNHin4Ias22 50
| lNYNHH4s2007 665k
my Tel 2als sc 81
NoPac4 1ss2O47 oeik
5LSF Is "a 90
lSeabin4 has2010 s6lk
So Pae cv $500 l2Aik
| Third Ave $500 1aIt
Nv Sh Is 236l 81
Nv Sh Is 1851 r so
Wis Cen Is ~ a.
VITA q Ass9n 2A 6zlk
Evening star., 1952-03-24

president OF the
IN e W Y or K
IS t o c K Ex-
change, today
d ecla red that
@ n m ent
r eg ms
which impose
artificial bar
riers should be
corrected.
App e a r ing
before the Sc
curit lie S and
T. Y e h a nQe
Cam m 4 q q inn
Evening star., 1952-03-24
Funston Asks Changes
In Securities Acts
To Remove Barriers
By DonoId B. HodIey

Emphasizing the Importance of
. healthy securities market as a
means Of channeling new capital
to industry, q Keith Funston.
Evening star., 1952-03-24

$$:s$*s:;5 7s$S$S UI lL1GS aIlO
1883 E h a nge
Commi is s ion
M. Funsssn. Sub committee
Of the House Interstate and For
eign Commerce Committee at New
York. Mr.. Funston cited the rela-
lively low trading volume of the
exchange and submitted seven
proposed amendments to the Se-
curities Acts, which he said had
been formulated at conferences
among the exchange. the Ma
tional Association of Securities
Dealers, the Investment Bankers
Association and the SECS staff.
Calls Margin Rule Severe.
Mr.. Funston deplored "discrim-
inatingly severe" margin require
ments Of the Federal Reserve
Board and the six months holding
period for computation of income
taxes on capital gains. and reg
istered strong opposition to the
SECS proposal for a compulsory
registration fee on brokers and
securities dealers.
He urged that Congress make
o thorough and objective search
into factors, which would en-
courage foreign concerns to OBJ
tain funds in the American capital
markets"
The seven proposed amend
ments follow:
1. Exempt from registration under the
registered under the act Of 1894 and ad-
yesfs s0 on a resistered ID national @ s sscurities rites
EXCHANGE and exempt additional issues
:. Amend section (2) of the l933
aet to make clear the bEoksrase II- sxemp-
sale Of securities. even though the Sc
eurities involved may be in the process
5. Exempt % from prospectus require
tered under the 1884 act when the sale
agents compensation is disclosed to and
4 Sa ssn u g q s.d Ct tie i
IS prohSe s. Ss he on sold sn
ths securities 10. the epstomsr % &
ensased in the distribution and for four
aass sS Amend section Y . sD to rsdue. tn.
listed securities it from SO to 10 days days and ID
TO permit the. registration. Of unissued
nssson With Mnsa hss 20 Rs
cations. merges, etc. and refundings ot
TO provide an exchange market for Sc
eurities to be issued or sold in connection
with reorganization under the Public
Utility Act or the Railroad REORGANIZATION
s. ANend the definition OF sale" tc
exclude amend Sp1s scSs s Hsn s S S to issH1 sssaIs
e By s S
But the exchange IS uncertain W as (; e
whether "rule or regulation" can be
appealed.
Long Wait Recognized.
The management of Washing
ton Gas Light Co. recognizes that
its stockholders have gone a long
time without a dividend increase
and hopes that improved rates
and earnings in time will justify
an increase.
President Everett j. Boothby
explained the management's posi-
ton at the adjourned annual
meeting today in reply to a ques-
tioning stockholder. who pointed
out that company dividends had
remained unchanged since 1899.
The annual dividend rate ON the
common is $3.50 a share.
Directors were reelected as fol-
lows: Albert w. Atwood, Mr..
Boothby, e. K. Morris, Robert c.
Overs. Christopher II. Pope, Sid
ney F. Taliaferro and Corcoran
Thorn. Stockholders present in
person or by proxy represented
683, 1853 shares Of 67a per cent of
outstanding capital stock. Direc-
tors viii hold their organization
meeting Wednesday.
Insured Deposits Mount.
Deposits of insured commercial
and mutual savings banks at the
end Of 1851 reached a new record
Of SITE billion, reported Maple
~ uor1 ahoiP.
Evening star., 1952-03-24
Dividends Announced

NEW YORK. Mar. "a R,.--Dividenas
announced:
Evening star., 1952-03-24
N. Y. Bond Market

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