The Charleston Daily Mail from Charleston, West Virginia • Page 8

PAGE TWELVE I STOCKS DAILY MAIL, TUESDAY EVENING, FEBRUARY 28. 1933 STOCKS ADVANCE IN DULL MARKET Litile indication of Short SaUc Traders Look for Big Rally MEW YOHK. Feb. 28 wcunties markets continued to give a good account of themselves today with stocks workings a little higher in 4Uiet trading. There was little inclination on the part of stock traders to go short of the market, for it was felt that the signs of pronounced progress in dealing with the banking situation might bring a good rally.

Rails were notably firm, with Pacific rising about 2 points, and issues up a point or so including Exchange List Express Air Reduction Ato.ika Juncavi Allied Chemical Allis Chalmers AUc-Khany Corporation Amn. Can Amn. FKn. Amn. Ice American International Amn.

Loco. Amn. Mach. Fdy. Amn.

P. Sc American Radiator Amn. Rollins? Mills Amn. Safety Hazor 3'A 48-4 ll'k Amn. Smelters Amn.

Smelters Amn. Steel 31 ui mciuauig Santa Fe, Southern Pacific, New York and Louisville and Nashville. Chesapeake and Ohio eased a fraction. Miscellaneous shares up around a point included American Telephone, Coca Cola, American Can, Case, Con- Dolidated Gas, Public Service of N. American Tobacco Liggett and Myers and U.

S. Steel preferred. Firm at Opening NEW YORK, Feb. 28 (AP) The market opened with mixed changes today, and a fairly steady undertone. Gains of about 'A point appeared In American Tobacco Liggett Myers North American.

and Baltimore Ohio. United States Steel nd American Telephone were about unchanged. Losses of to 3-4 appeared in Corn Products. Public Service of New Jersey, Drug and United Aircraft. Stocks rising to 3-4 of a point In moderate trading included American Telephone, American Tobacco Liggett and Myers Santa Fe, Lackawanna and Wcstinghouse.

Unittd States Steel was steady. United Aircraft recovered, after sagging 3-4 of a point. Trench francs featured the early foreign exchange dealings, opening 13-16 of a point higher at cents. Sterling cables dropped a cent to $3.4113. Amn.

Tel. Tsl. Amn. Tob. Amn.

Water Works Amn. Woolen Amn. Woolen, Pfd. Anaconda Atchison Atchison, Pfcl. A.

c. Att. Rule Armour Auburn A Aviation Corp Baldwin Loco Balto. Ohio Balto. i- Ohio, PM.

Barnsdall Bendix Beth. Steel Beth. Steol. Pid. Bonn Aluminum Bordens BorK Warner Brooklyn Manhattan Briggs Body M.

Byers Co. 53 "4 4 5V4 71 1 49 Vi 6 21 31 94V. 5ZK 374 23 Ml 5V. 62 3V, 487i W. 72 IS', 21 31 Johns Manvilic Kans.

City Sou. Kennecott KroRei Gro. Lambert Co. Lehman Corp. Liegitt M.

Loews, 1: ic. HigjT 6V, 1SV4 37'A BUSINESS BRIEFS YORK, Teb. 28 Although machinery orcters are scarce, "a suet den and impressive increase in inquiries has taken place in most of the important centers," says "American 1 The trade is hoping, it adds, that these in- will be soon transformed into Members of the National silk exchange will receive a dividfend of SflOO comprising distribution ol capital above the amount to be represented by their memberships on the new commoditv exchange, inc. Similar distributions are made to members of the metal, rubber and hide exchanges which also 'are joining the consolidation. STSITBENV1LLE, Feb.

28 Liberty Paper Board company has recalled 40 men for the reopening ot its plant this week. W. Shortleas. seneral manager. initial operations will entail 3 payroU of 31,300.

The plant has been idle months. STEUBENVILt-E, Teb. 23 management ot the StnubcnviUe mill of the Wheeling Steel corporation, said, operations which reached a peak of 70 per cent last -week, will be maintained this The Vorkvi'tle plant oJt the same ccm- working at capacity production. Feb. 26 last week showed another favorable comparison with a year ago.

They totaled S7t compared with 837 in the same according to R. G. company. "-There were fewer defaults in the south and West, while in the East and on the Pacific coast, the totals were Ir.rger than a year ago. For the past four weeks Ugrvgafed totaled 2,432 compared with a year ago, National City company and Chase corporation are offering a $10 issue of New York city 5 per cent revenue bills, due December 3933.

at a 1.25 per cent yield. A meeting of Foster-Wheeler corpora- directors to consider the preferred dividend was postponed, due, the company uiaid, to Jack of a ctxiorurn. A date the meeting was not set. Burroughs Adding 'iviichl Canada Dry Canadian Pacific Case Threshing Cerro do Pcsco Chesapeake Corp'n Ches. Ohio Chrysler ChKo.

Gt. Pr. Chgo. Jf. W.

Coca Cola Colgate-Pa Imolive-Peet Col. Carbon Col. Gas Commonwealth Sou. Commercial Credit Commercial Solvents Cons. Gas Cons.

Oil Corn. Conlt Can Contl. Motors Contl. Oil Corn. Prod.

Crucible Stool. Pfd. Cudahy Packing Curtis Pub. Co Curtiss Wright Delaware Hudson Lack. Wes Detroit Edison Diamond Mnteh Douglass Aircraft Drug Prod.

Co Dupont Eastman Kodak Elec. Battery Electric Auto Lite Elec. P. L. Federal Water Service First Not.

Stores Foster Wheeler Fourth Nat. Investors Freeport Fox Film Gen. Amn. Tank Car Gen. A Gen, Bakmjr Gen.

Electric General Foods Gen. Motors Gen. Ry. Siena! Gillette Gold Dust Goodrich Goodyear Granby Copper Graham Paige Great Northern. Pfd.

Houston Oi! Hudson and Manhattan Hupp Motors Central Industrial Rayon Intl. Ens. Machines Intl. Harvester Intl. Hvdro.

Electric Intl. Nickel Intl. Salt Intl. Shoe Tel. To! 25 32 a Liquid Carbonic Mack Truck R.

H. Macy McKcesport Tin McKcr-son Robins, 'pfd. Mid-Continent Pet. M. K.

T. Missouri Pacific Missouri Pac. Pfd Monsanto Chcmicai Nash Motors MatL Biscuit Natl. Cash Natj: P. a r0 Xafional Steel i K.

Y. central N. St. L. J-.

West NL'W Kiivcn Norfolk i Wcs. IS. Amcr. Aviation Nor. Pacific North A i Ohio Oil Otis Steel i Otis 1 Pacific Gns Elec Pacific Lighting it Packard Paramount Publix Pevtick A- i'orct i Peoples Gar; peroia.

R. R. Penny. J. phuups pate Proctor Gamble 2( STATES MOVE TO GIVE BANKS HELP Legislation to Regulate Withdrawals Approved; Others May Act By The Associated Press Banks in Pennsylvania and Ohio opened for business today fortified bv emergency legislation passed since Jie close of business yesterday.

By a resolution passed and signed at midnight, Pennsylvania banks received power to regulate withdrawals with the approval of the state bank- ng secretary. The restrictions, it was provided, wilt not apply to deposits SECURITIES SALE CONTWOOUGHT Bill Providing for State Regulation Introduced; Losses Are Cited A plan to bring under the supervision of the state auditor all curities, of whatever nature, that might be sold in the state, is pru- made after a bank emergency powers. IV a 3Vs 3 11' Pi! 754-1 13 lii'n 2-tii 3B 50 14 Public Svc. N. Pullman Pure Oil Purity Enkir.t; Plymouth Oil Radio Corp.

Radio Corp. Pfd. Radio Kouh Heal Silk Republic I. Reynolds "B' Reniini'tun-Rentl Roya! Dutch St. Joseph Sears Roebuck Sir-H Union Oil H.

Siintttlck Simmons Co Socony-Vacuum Sou. P.uiifio So't. Ry Standard Brand-, S. O. Cam.

s. o. Sou. Calil. I I SU'warl Warner a Str.ne Webster Texns Co.

1 Texas Gulf I Tex. Land Trust Timkeu America Corp Uim.ri C-ii-bide Union Pacific Ur.ilcd Carbon' Fruit '5 put ed CM I i piff Fourcli ii'jj i a-'nitv 01 10, U. s. Rubber u- st I'. S.

Steel Pfd 2 Aircrc.tt 3-4 I Vnlterl Ci.rpn. pi, i Pfd 4 Utilities p. I'-i Vanadium 7 Warner Bros S'l Western 12 Western i Air Brake 1 i a i i i 1 binKtors Pump i Truck 15.b I I per cent. 28 Vi CURB KEW YORK, Teb. 28 (AP)-- Trad- Ing was dull on the curb today and in LIVE STOCK PITTSBURGH.

Feb. 23 I Live stock: Hoss: Receipts 750: market steady- setter grade 160-210 Ibs. 53.85-S4UO- Ibs. 100-140 Ibs. S2.75-33 25 240-300 Ibs.

S3.60-S3.35: 100-I4II ns, most packing sows 52.7553.00. Cattle: Receipts 13; market nominal common to good steers quoted S4.00-J5.00; common to good heiters S2 35-54 50- CUUJTt to good cows S2.50-53.25. Calves: Receipts 30: market steaclv better grade vealers S6.00-57.00. Sheep: Receipt? 500: market about steady; good to choice wooled lambs 35.75|^-|? good to choice shorn Iambs 55.00- CINCINNATI. Feb.

28 stock: Hogs--Receipts 3.400. 450 direct and through. Fairly active, mostly 5c lower Uneven on sows unchanged iin vS' ce lsn 5D 24 lbs 53-85: most 240 to 260 lbs. SS.75-S3.B3: a few 260 to 300 ICO to largely S3.50- 120 to 150 lbs. mosHv 3330-3350- i sows mostly W.aO: a fen- lightweights S2.75.

i Cattle--Receipts 275; calves 600: slow 1 mostly around steady. Steers and heifers; Jarjtely common to medium kind, at S3.50- 84.jO; bulks beef cows S2.50-S2.75; a few UD I to S3. cutters and cutters SI invokes the Ohio passed two laws giving the superintendent of banks unprecedented powers to control withdrawals anr! Issh red tape in liquidation or re- pening of closed banks. The laws rovide protection for new depositors The Delaware legislature passed a ill empowering the banking commis- loner to suspend of postpone pay- lent of accounts by banks if he eems it necessary. Five banks in Covington, Ky across he river from Cincinnati, decided to mit wthdrawals to live per cent a month.

In Michigan the bookkeeping task involved in getting the two new Ford- backed banks in operation was coins ahead with clerks workin" in around the clock in nn effort to SCTE gate the 1,700.000 accounts that be transferred to the new banks Proposed legislation in Maryland remained in the hands oi two com- mnntf, one of "representative citi- TMif from the association ol commerce. Governor Ritchie stated that while speed is desired, he i even anxious to provide 'a m'asuTM which represents the best thought of everybody on the subject." Federal System Aids NEW YOHK, Feb. 28 I UP)--The federal reserve system has embarked on a vigorous campaign to restore eontidence tlie country's banks it was learned today. nanKs, A inCreasin its bu in ot Unit- sovernment bonds, as re- lected in a rally in treasury issue Dosed in a bill introduced Monday in he house of by Delegate A. J.

Lubliner, oj. Bluefield. It was re- erred to the judiciary committee. Although the measure would in- lude all kinds of securities, its real esign is to bring under control of he securities department of the audi- or's office the stocks and bonds of tility companies, which hitherto have escaped supervision because of a law exempting the paper of companies that are regulated by rate-adjusting bodies, such as the public service commission. Mr.

Lubliner, who is a member ol house committee investigating utilities brought out at a committee hearing 10 days sgo, testimony to the effect that many kinds of utility stock have been unloaded in the state in the last few years, causing large losses to the citizens, because their sales were exempt from supervision under the I-osscs Cited In Statement Among the securities that would come under state supervision if Mr Lublir.er's bill is enacted into law, would those of national banks, in- suranct; companies, joint stock land banks, foreign governments and bonds of their sub-divisions, building and loan associations and others. In a statement issued in connection with his bill, Mr. Lubliner refers to losses that have occurred to the citizens of West Virginia because of investments in different kinds ol uncontrolled and unregulated stock and bond issues." He points out that in many instances proper supervision by the state, might have saved thousands of dollars to the investors. A bill designed to abolish the pub- New Legislative Bills Home Bills House bill No. 411, by Mr.

Dyer--T amend and reenact section nine, article IS chaptt-r 50, prescribing imprisonment fo nonpayment of fines and costs. Referred the committee on the judiciary Hcl sl No. 412. by Mr. Harman--T amend and reenact sections one and three article eight chapter 38, pertaining to th exemptions of personal property.

Referre to the committee on the judiciary House bill No. 413, by Mr. Lester--Crest and establishing the independent schoo district oi Ceredo In the county oe Wayne Referred to the committee on education. House bill No. 414, by Mr.

Eallard--To fix nn annual license tax for the purpose of regulation, supervision or ownership crBm ore SWsoline pumps or filling ions. Referred to the committee on taxo- lon and finance. House bill No. 415, by Mr. Gates--To rovide for a license fee for e-ujaglng in he business or occupation of a private investigator or detective.

Referred to the ommittee on the judiciary House bill No. 416, by Mr. laFon--To mend article four, chapter 56. relating to leading and practice. Keferrert to the ommittce on the judiciary.

House bill No. 417. by Mr. LeFon--To mend and reenact section five, article huee, chapter II, relating to making out land and personal property books, cor- st mistakes, and entry of omitted House bill No. 418, by Mr.

Ross--Hepcal- ing chapter 24, relating to public "efvice commissioii. Referred to the committee on the judiciary. House till No. 419, by Mr. Martin--To repeal and reenact section 24, article thrse, chapter 11, relating to board of review House bill No.

420, by Mr. Hill To amend and reenact section 12. article 10 chanter 11, relating to the redemption of lands after sale Dy the sheriff and purchase by individuals. Referred to the committee on the iudiciary. House bill No.

421, by Mr. Ferrell--To apportion the representation in the state senate. Referred to the committee on rc- clislricting. House bill No. 422, by Mr.

Garden rby request)--To amend and reenact section five, article two, chapter 49, relating to probation officers. Rules suspended and bill passed. persons who are over the of IS years Referred to the committee on the iudi ciary. House bill No. 424.

by Mr. Lester--To re quire railroad companies, county courts state road commission or other persons firms, or corporations to keep their rights of-way free of noxious weeds or filth Referred to the committee on the House bill No. 42i, by Mr. Lester-- infi unlawful for any person to em ployed as mine foreman who does not hold a number one miner's certificate. Re ferred to Ihe cfim-niltee on mines and mln Ing.

House bill No. by Mr. Watson--Tc authorize antj empower the county cour of Preston county to transfer funds. Reference to committee dispensed viim. House bill No.

4J7, by Mr. Shahan--To provide that no public utility may dis- any employee solely because of age. Referred to the committee on insurance. House bill No. 42S, by Mr.

Lubliner--To amend and reenact sections relating securities. Referred to the nsurancc. bin No. 429, by Mr. Kelley--To the boards of education of Clav.

Union and Webster districts. Morsh.il county, to transfer certain funds. Refer- to committee dispensed with. OU bill No. 430.

originating in the committee on military affairs--To amend reenact sections five, eight, 14 and 17, Jhnpter three, relating to license fees centage and bonds. passed. to license fees, per- Rulei suspended Senate Bill. i Senate bill No. 1S4, by Mr.

Sandridge-o amend reenact section nine, article wo, chapter 54, relating to report of eom- Tilrsioneri condemnation cuaes and the lemenls of damages to be allowed. Re- to the committee on the judiciary. Senate bill No. by Mr. Smith-- To if an annual tax for Ihe purpose of reg- or purpos lation, supervision or ownerihlp of one more gasoline pumps or filling sta- lons.

Referred to the committee on fiance. No 12e by Mr Jones-- To uthorlze the board of education o( Wash- gton district, Boonc county, to transfer ith eferencc to committee dispensed Senate bill No. 127, by Mr. Millender-- realmg and establishing the independent hool district of Ceredo in the county of SENATE ACTS TO ENLARGE BOARI Would Add Dentist Membe, Upon Health Paw. Local Four bills were before the (tat senate for passage Tuesday und on other was before it on the amend nent stage as the upper hotm pre 3ared to convene at 2 p.

m. The four up for passage relate fc icenses for boxing a wrwtlln; matches, the qualifications of ehlrop odists, the state board of pharmac- and the refunding of county orders All must go to the house for pawaa or concurrence there in senate amend ments. A committee substitute for i enate bill on hawkers and peddler: was on the amendment itage Tuea- ay in the senate. The senate Monday pasted a bil dding a member of the dental pro- ession to the public health council The bill, sponsored by a Charles E. Hodges,) Monongalia coun- would increase the membershit the council front six to seven, fl was acnt to the house.

Four bills were introduced, two ol which were passed under suspension the rules. One authorizes Senator Earl county, offered a tax on filling station owners. A nt treasury issuer nl TM7' th yS i tem now is ng ol a i the spread of mor1atodum li and restriction ot vjharaw-als, it was lenrned. lic service commission was introduced by Delegate J. Shirley Ross, of Charleston.

was referred to the judiciary committee. As submitted by Mr. Ross the bill would make no provision for future regulation of utility rates, a function which is now performed by the commission. Eighteen bills were introduced in the house on Monday. Their introduction followed notice by Speaker Ralph M.

Hiner under the rules ding policy and maki SE and re readily accessible in difficulties. OBITUARY the absence of selling pressure prices ul 5osU up mostly 25e 'imver. Bulk M. Best lightweights S3 75 a i here. But lo medium mostly selling dried up.

but offerings quickly By WINTHROP. MITCHELL JCO. 'High 'JLoW 3SV 3 38 Aluminum Co. Amn. Cyanamid Co 3 a 314 American Gas Elec.

21 20 3 4 Amn. Super Power 2 7 Assoc. G. 4: E. 1'i Atlas Corp 6''- fi'-'i Canadian Marconi 15-16 15-lft Cities Service 2', a 2 Cons.

Copper Mines Xlec. Bond Share 10 Ford Motor, Canada Ltd 2" 1 2's Goldman-Sachs 2 1 4 Gulf Oil 25 25 International Petroleum Star Gas rt Wationtl Fuel Gas 10 10 Mining 12VJ 12'i Niagara Hudson 9-' 37W Bciiance Int'national 1'L- Ua 1 Aeffis Paper Sid. OO Indiana 1R Srd. OU Ohio 16 16 Swift Co 7 7 TTnited L. P.

2V a TJiiited Gas Corp Veiled Verde Extension 3 20? 35-16 2 Sheep weak Krados ccmmo FEDERAL JURORS 1 ACCUSEMULLS Ex-Utility Magnate, Brother Named in Indictments by Tulismen in Chicago CHICAGO, Feb. 28 (AP) The $150000,000 bubble that Corporation Securities company turned i if Barged against Samuel Insull and 18 associates as a gigantic scheme to defraud an investiriK public. i Indictments entailing possible pun- isnmem by 125 years in federal on and $250.000 fine for eaSJ defend- tgigj? grander by the federal a The names of three Insulls led all the rest--Samuel, an exile in Greece; Martin, in a Canadian refuge, and 5amuel, still active in utility af- Mra. Nellie Dunbar--Funeral serv- ces for Mrs. Nellie Dunbar ll died Monday at her home at 8.

will be held at 2 o'Sock I wa" at the home oi rl White, in Charleston street he rites Bu Br? Wi conduct 31 be he Ho Surviving are four children: two sisters, Mrs. Earl White, and Mrs. Olive Harrison, of Kenna. and one brother Lester Horn, of Charleston. lner Pallbears will be Owen Clendenin Abe Cunningham, Hobson Fisher Horan, John Johnson and Joe Kes-I Carte Infant--Funeral services to be held Tuesday afternoon at Reece cemetery near Sissonville for Carte the 7 -month-old son Mr.

and Mrs. Luther Carte, of at home VenUe The baby died Monda PRODUCE Feb. 28 (AP) Produce 1'i 13 IB 7 2V, Th The 2o counts allege, in substance with them the jury named several of Chicago's leading capitalists-Stanley Field, chairman of the Continental-Illinois National Bank a an and Trust company; Edward J. Doyle WITH THE BROKERS Harris, Upham and company: Alter sho.ving strength during the morning the market proved vul- jirrable to further reports of banking restrictions in certain sections of the country, Industrials a utilities closed at new low levels for the last seven months and bonds moved lower. More encouraging was strength in the United States government bonds and a flight gain for the railroad stock croup.

Mitchell and company: itn four more days the new administer tion assumes office. Many problems have accumulated which will require prompt and intelligent handling. If conditions do not improve in the next few days, some strong and ener- jjelic action will be necessary to overcome the current trend toward bank mcratoria and limitations of deposit Vf i so that confidence once agiiin can be restored in the banking structure. PITTSBURGH demand slow. Apples.

13 cars: steady; bushel baskets large New York Mclntosh 1.15; Kinps 9O- 85; Baldwins 1.10-15; West Virginia SMS1-! company CINCINNATJ. Feb. 28 Butter--Packing 8c. butter fat 13c tb. cases firsts doz.

graded 14c. eggs 15 Services--Last rites for Dr James Nelson Mahrm, 77 years old, who died Saturday, were held Monday afternoon at the residence. 1556 Kanawha street. Rev. John Gass, rector of St.

John's Episcopal church, of- Burial was in Spring i cemetery. Dr. Mahan was a prominent dentist and was the founder of. the West Virgima State Dental society. John A.

Nutter--John A. Nutter 79 years old, died Tuesday at the home 612 A Hamcr. a Hiindolph street, after an illness of of about two months. He is survived by his widow laughters, Mrs. Homer, and Mrs.

W. Rupe, of South Charleston, three sons, Bert Nutter, of Boomer; Other Nutter. Carbondale, and Clarence Ivutter, of Charleston, and three brothers, Thomas Nutter and Franklin Nutter, of Boomer, and Robert Nutter ot Portsmouth, O. of the house and senate, no bills could be introduced after March 1, except by a two-thirds vote of both bodies. Bil! To Tax Stations, A tail! io place a graduated scale of the federal taxatl upon gasoline fining stations 1 resources owned J' the same company, the rev- to financial erme to be tu TM ed over to the school fund, was Introduced in the house of delegates Monday by Delegate O.

H. Ballard, of Mercer county, and referred to the finance committee. Subsequently the house amended the chain store tax bill by striking out the provision which would have exempted filling stations from the tax. The bill was passed by the house under a suspension of the rules. Mr.

Ballard's bill would tax chain- owned filling stations as follows: less than 10 purnps. S2.50 for each pump a year; more than 10 and less than 20 pumps, $5 each a year; more than 20 pumps and less a 5fi pumps, $7.50 for each pump a year, and more than 50 pumps, $10 each a year. The tax rate on chain stores in the bill which passed the house provides one store, two. to five stores. $5 each; six to 10 stores, S10 each; 11 to 15 stores, $20 each; 16 to 20 stores, $30 each; 21 to 30 stores, $35 each; 31 to 50 stores.

$100 each; 51 to 75 stores, $200 each, and for 75 and over, $250 each. As the chain store tax bill was sent to the senate for concurrence, it included filling stations with the stores. Would License Private Detectives D. H. Gales, of Charleston, introduced a bill in the house which would allow the licensing of private detective agencies.

The bill is understood to have been designed to take the place of the law permitting the employment of special constables, which would be repealed under a bill passed by the house last week and sent to the senate The Gates' bill provides an annual license fee of $35 for private detectives and would place them under bonds of $3,500 each. The bill was referred to the judiciary committee. Other bills introduced Monday included: One by Delegate John R. Dyer, oJ: Webster county, which would allow prisoners to give bond for the payment of their fines and costs for a Give Youth a Decent World, Says Scout Man Youth is entitled to a decent world in which to live and it is up to the adults to supply it, C. R.

Wood, of Cincinnati, an official of the Boy Scout organization, said Tuesday in a talk before the Kiwanis club at the Daniel Boone hotel. Urging that character-building agencies be supported, Mr. Wood said that the per capita cost of maintaining the Boy Scout work in Charleston was less than 3 cents annually. He praised the efficiency of M. H.

F. Kinsey, Charleston area scout executive, saying that Mr. Kinsey had succeeded in reducing his annual budget from $16,000 to $4,000. Youth, Mr. Wood said, wants confidence of elders.

He urged parents to take greater interest in the affairs of their children and not to depend entirely upon the church and the school. The club voted to accept a challenge extended by the Point Pleasant club to an attendance contest. included); extra 13c, nearby un- CHICAGO. GRAIN Feb. 28 Sep Umber May OVTS: July 1GU- May 16 HYE: May 25' aC'f 23 NEW YORK BONDS NEW YORK, Feb.

28 (UP X--Erratic price movements took place in every section of the list on the bond market a including the United States government group, which enjoyed a sharp rally in the previous session. Railroad bonds were mostly in supply at concessions ranging from fractions to a point, including issues of the Atchison, Baltimore Ohio, Canadian Pacific, Great Northern, Missouri Pacific and New York Central. Oil company bonds continued weak among the industrials, Shell Union 5s of 1947 dipping almost a point to 68 1-8. Utilities were mixed in a narrow range. COMMODITY INDEX NEW YORK, Feb.

28 daily weighted index of 30 basic commodities: average 100). Todav 68.32. Saturday 63.62. Week ago 68.85. Month 68.23.

Year ago 81.38. 1933 hiah (January 10) 71.30. 19H3 low (January 20) 68.86. NEW YORK, Feb. 28 i A States bonds 1:30 p.

Liberty a O2-47) 100.30. Firs'; 4 s. (32-47) lftl.12. Fourth 4 (33-38) Treasury 4VVs, '47-52) 105.30. Treasury 4s, 144-fi4t 103.34.

Treasury 3-TiS, i-IB-SB i 101.10. Treasury (40-4-3) 100. COFFElTMARkET Feb. and Nashville TREASURY RECEIPTS WASHINGTON, Feb. 28 (AP) -Treasury receipts for February 25 expenditures 828.lI7.76r balance $255,701,540.27.

Cussoms lor 25 days of February were 914,720,935.23, I AP i prices somewhat Irs were on both NEW quiel Trade hou ci the market. No. 7 contracts opened ft lower and cloyed lower to 7 higher. Sales 2,000 Santos opened 5 to 7 higher and closed to 12 hlshcr. Sales 5.000.

Closing quotations. No. 7 eontraets. March 5.43. May 5.43.

July September 5.11. December 5.03. Santos. March S.15. May 7.89.

July 7.56. September 7.32, December 7.19. Spot qitict, JRio 7k S.intos 43 Asks Passenger Kate Cut WASHINGTON, Feb. 28 (AP) --The Louisville and Nashville railroad set to draw the traveling public back to its cars by asking permission of the interstate commerc The company desires lo instit-ate two cents a mite fare on coaches an. reduce Pullman rates from 3.6 cent per mile plus a surcharge on Pull man tickets to 3 cents a mile.

Tne move is being made as a si: months' experiment in an effort ti attract passengers back to the rail roads from competing carriers and private automobiles which heve cu so heavily into the railway busines: in recent years. Ex-Judge Is Appointed Tennessee's Senator NASHVILLE, Feb. 28 (AP; --Governor Hill McAlister today appointed Nathan L. Bachman, of Chattanooga, former justice of the Tennessee supreme court, as United States senator to succeed Cordell Hull, named secretary of state in the cabinet ol President-elect Roosevelt. Bachman is a Democrat.

Gracious of manner and easy of approach, Mr. Bachman enjoys a wide acquaintance in Tennessee and is known throughout the state as "Nath DRY GOODS NEW YORK, Feb. 28 I AP) opened quietly yesterday i a better cal'l reported for some o( the plain fine combed Koocis and for wash fabrics of the novelty types. Rayon fabrics were In moderate demand. Wool goods markets were very quiet, affected by threats of strikes In York and Philadelphia and banking complications elsewhere.

Silks were quiet with pro luctlon decreasing. Held for Transporting a i i i inve.sLijintors Tuesday reported the arrest of W. Taylor and George Hoover, of Blue creek, on charge of transporting liquor. An automobile was seized. The men will be arraigned before Federal Commissioner Albert V.

JTitz- water. Shamblen Services Funeral services were to be held Tuesday after- Luke Adams Shaniblen, who died there Sunday. Burial was to follow in the family cemetery in Jackson county. Pallbearers were to be Howard Kuhn. Mont Cavender, Cleburnc Horn, Stauntt-- Cosdorph.

Abraham Cunningham and H. L. Bird. Charles S. McConihay Funeral services will be held at 10 o'clock Wednesday morning at Russell, for Charles S.

McConiaay, who dice Monday. Burial will be in Charleston Two sisters, Mrs. L. P. Proflfitt and Mrs.

Ocie Malcolm, and a nephew Dr. Charles Malcolm, of Charleston left Tuesday for Russell to attend the services. Mr. McConihay was an employee of the Chesapeake Ohio railroad for a number of years. Mrs.

Lucy Felster--The body of Mrs. Lucy Feister, colored, "who died Saturday at her home at 611 1 Court street, was taken to Barboursville, Tuesday morning for burial. REDISTRICT1NGIN STA11PROPOSED Kanawha Would Be One Unit According to Plan of Wood Delegate A bill designed TO rearrange county representation in the 15 senatorial districts of the state was introduced in the house of delegates Monday by Delegate Hugh R. Ferrell, oi Wood county. It was referred to the committee on redistrict.ing.

As provided in the bill, Kanawha county would be alone in constituting the thirteenth district. It is now a part of the eighth district. The other TO BE VOTED UPON Passage in House Expected as Two Tests Reveal Adequate Strength (Continued from Page One) the enacting clause, lodged last and after a heated debate, the vote was reconsidered by a roll call vote of 67 to 18 with absent In speaking to the motion to Mr. Ross repeated much of his anti-railroad argument and called upon the house not to kill the bill by striking out the enacting clause but to let it go to its passage. Mr.

Ross rienied vigorously the charges rf 5HJ I 4 1 estare but declared that the bill is a safety measure, designed to save lives. "I campaigned for this bill before the people and in the primary they gave me more than 4,000 majority." Hoss said that he once had a railroad I pass, "but that was in 1907, before the interstate commerce act was passed Do you mean that this house has sk rte0lUS you," Delegate "No one in this house has been discourteous to me except the members of my own delegation," Mr. Host; re- ra fund by he board of education in Washington istrict, Bopne county, and the other reates an independent school district Ceredo in county. i smith, Marion measure placing owncrg. Till bill provides a tax of $2.50 per pump up to 10 pumps being operated up to 20 pumps, for 20 to 90 PUIBM and $10 for more than SO.

AM money 10 collected would turned to the general Mhool fund. Sandridge, Harbour county woaM provide property owners jiut pencation for residue tracta in condemnation proceeding, on "all" benefits to be deriveTfrom action rather than "particular" a now described by law. A petition from Fairmont urging the approval of mm tm Senator Smith to Tuesday changing JV system of government from bi-partisan form back to the council plan was read upon Smith's request. manir. "TiinafSr TM Later Delegate J.

A. deGruyter, replying to Mr. Ross, asked: "Why don't you tell the delegates what your vote was in the election--." Speaker Hiaer rapped Mr. deGruy- ter to order and told him to confine his remarks to the motion. Delegate Butcher made a speech asking the house to adopt the motion and let the come up on its pas are arranged in the bill as period no longer than six months after th(j fines were assessed; one by Delegate U.

S. Martin, to redistfict thr state for representation in the stat senate; by Delegate Rufus Lester, Wayne county, providing pensions fo blind persons over 18 years old; bi Delegate Lester, to require railroads the state road commission and countj courts to keep crossings free weeds, rubbish and filth; by Delegate Lester, to require mine foremen to hold No. 1 certificates; and one b' J. Buhl Shahan which would prohibit, any utility corporation from discharging an employee solely because of advanced age. districts follows: First--Hancock, Brookke, Ohio and Mar- iliail counties.

Second--Peasants, Tyler, Hitchie, Dodd- Tiv a Lewis counties. Fourth--Jackson. Mason, Putnam, Lincoln anti Ixigan counties ift bcl1 and counties, bixth--MmRo and McDowell counties. coSfei! Monroe a Summers Raleigh and Wyoming Ninth--Fnyelte and Green brier counties. Tenth--Brnxton Clay.

Nicholas, Webster aiiirt Pocnhontas counties. Monongelia and Wot- we I ft h--Barbour, counties. Fourteenth Preston. Pcncileton and nandolj Harrison and Taylor Grant, Tucker, i counties, CITY DAY BY DAY BIRTHS Mr. and Mrs.

E. C. Caldwell have announced the birth of a son. Chariot: Robert, at their home at 1715 Pennsylvania avenue on February 17. NEW YORK BONDS By WINTHROP.

MITCHBLI, Ac CO, -The $25,000 personal Injury suit trough by J. O. Browning and Aman- Ja Browning, of Huntington, against Celia M. Cameron, of Kanawha City, set Jar trial Monday in circuit court, was continued to the foot oC the docket. Covmsel for the defendant offered doctor's certificates stating that Miss Cameron was too ill to appear in court.

--Sheriff JR. Carl Aiidrews was unable to come to his office Tuesday because of a slight attack of influenza Sankc-rw Trust Bank of Manhattan 22'A ntral Hnnover 114 Jhase National 23 Va Hhernioa! B. T. 'Exchange 59'A 'Irst National 12fl5 rum-anty Trust 2KO rving Trust IB "a Nat'l. City Bank 01 K3M, 23 3(5 3 iaa 19 83 ft York Trust NEW YORK, Feb.

28 suEnr an quiet yesterday and no sales were re- orted. Sales 7,050 ions. Marsh closed May July September .03, December nd January .98. Thr- refined market was uneh.infied locally with all refiners listing at 3.00 lor line granulated. --Raymond Casto, of Dunbar, underwent a minor operation at the Staats hospital on Tuesday.

--Harry Fevrell, of Seth, is a new patient at the Staals hospital. --The Chesapeake Ohio Railway company Tuesday filed a $50 damage suit in federal court against Lura M. Brill, as administrator of the estate ol Ira D. Brill, doing business is the Greenbrier Supply company. --Lieutenant Frank Wcstfall.

of city police, who has been contined to his lome with a colcl, was expected to return to work Tuesday. --Holy communion will be observed at St. Luke's Episcopal church at 8 a. m. in celebration ol Ash Wednesday, pre-Lent festival.

--Assistant District Attorney Philip A of Huntington, conferred Tuesday with District Attorney David D. Ashworth regarding cases to be presented the federal grand jury at HuntinRton next week. Pic-lure la Postponed Rev. John B. Cook, pastov of the Kanawha City M.

E. church, has announced that the Bible picture of the Three Wise Men which was to have been Riven on March 3 has been postponed until March 17 at 7:30 p. m. This was because of the illness of Mrs. Golc ie Hall and tickets will be good on 1he new date, the pastor said.

GAG WRITER EARNS TUITION MILWAUKEE, (UP) --Writing "gags" for professional magicians has provided Vance Smith, 23, Racine with enough money to continue his education at the University of Wisconsin extension division here A magician himself, Smith earned money on a barnstorming tour of the state tb start school. Now he sells jokes and chatter to other magicians. sage for, he said, "in a way it is dis courteous and unfair to strike the en acting clause from a bill." A message from Governor Conley to the house, reported the receip from the secretary of state at Washington of the official certificate showing passage by congress of the resolution proposing repeal of the eighteenth amendment. Advise New Bridge A letter from C. P.

Fortney and H. P. Henshaw, chairman and member of fne state road commission, respect- tively, stated that in response to the house resolution, the commission members had conferred with members of the Maryland road commission in regard to the joint purchase of the bridge over the Potomac river at bhepherdstown and that the two commissions had decided it would be cheaper to build a new Bridge at a 00 away from the Present the 0l Uon i ered bv Delegate auw Shahan, of Elkins, calling on all state to purchase American-made supplies, was adopted, and nr, ll 1 0 Directing the pur- Cermak Is Better; Asks More Food (Continued from Page One) Dr. Nichol made the announcement after an examination oi the at 7:30 a. when, he said, in spite of the removal last night of the tent which has been supplying oxygen to th mayor, the latter held his own.

tt, re are no outward indication! that the pneumonic area discovered Sunday night has enlarged, terday, Dr. Nichol continued ''We are concerned about the oxygen tents because none of the three used have proved satisfactory. One of them is so small that it annoys Mr Cermak. We had difficulty In the cooling processes of the others" Dr. Prank Jirka, one of Cermak's pnysicians, said an oxygen room had been ordered from Ifew York and would be rushed here'by plane to aid tfve's'lff SSVe tS Chiel 3tecu- Use of the oxygen tent employed at a means of relieving some of the strain on Mr.

Cerma'x'a heart as it showed signs of failure was abandoned ai least temporarily because recti aPPariltU)i failed "ction cor- The mayor's color is good, Dr Jirka said, and shortly before daybreak asked for a br.ttle of near beer and for more food. The request for the beverage was denied. Special Election Is Favored on Repeal (Continued from Page One) mittee a plai for assembling a convention which was drawn up by a committee of lawyers representing the Association Against the Prohibition Amendment. It made two proposals one to elect delegates state at large and one to elect them by districts and further proposed that ballots to name delegates contain three groups: one "for ratification;" another against ratification" and the third 'unpledged. Several of the committee members seemed to favor holding a special elec- ion to name delegates to a convcn- They included Senator Jones and Chairman Beacom.

Delegate Thomas said he probably would abandon the original plan which had been suggested to him that the convention be issembled on the plan of naming delegates to judicial conventions. --According to. statistics, clerks are more prompt at paying their bills than people engaged in other occupations. Advised on Investments proposing submission of a constitutional amendment to i-edistrict the counties for house of delegates ren- rcsentation. It was referred to the judiciary committee.

Delegate J. A. Neal's resolution "calling upon trovernor-elect Kump to tell the house what bills he favors A bill amending the charter of SS ed and 8non bill Dele ate G. W. Kelly, providing for the transfer of school funds in Clay, Union and Webster districts of Marshall county, also was sent to the senate.

Coal Operator Charged With Assaulting Girl KINGWOOD, Feb. 8 i criminal 28 (AP) -on an a car -o'd girl last week, Foster Wil- helrn, 2R years old, coal operator arrested by county officers, today was in awaiting a hearing before Magistrate Trov A. Wilson. Vilhelm married and the father of five children, operates a small mine just north of Kingwood, Physicians described the girl's condition as serious. Defense Gets Under Way In Corey Double Murder (Continued from Page One) can't understand that," Mr.

u- serted. Laughter swept the crowded courtroom. "If that happens again," Black told the spectators, 'Til ask the sheriff to invite you all out." 1 i Life Croup BUCKHANNON, Feb. 28 hundred persons are in Buek- hannon for the regional meeting of the American Country Life association in Atkinson chapel at West Virginia Wesleyan college. Delegates representing Randolph, Barbour, Harrison, Lewis and Upshur counties are attending.

Senator Hatfield WASHINGTON, Feb. 28 Hatfield of West Virginia returned to his seat In the senate today after recovering from a brief attack of the grippe. BERTRAM G. NELSON Professor Nelson, University of Chicago, has been revealed as "the Old Counselor" of the radio, whose advice caused thousands to invest in utility securities. Nelson was employed by Halsey, Stuart and company of Chicago, which Insull securities.

"The Old Counselor" was the tnrget of criticism by the federal trade commission investigating the Insull crash. Nelson said he did not prepare the information he gave over the radio, but merely read material prepared by Halsey, Stuart and company. Nelson said he was paid $50 week. Harris-Upham Masonic Temple Building MEMBERS a i a Stock Exchanges New York Cotton fix- change. CHARLESTON, W.

VA. Henry L. Turrie, Mar. Chicago ol a -York Curb change. Direct private wires to New York, Chicago and other market centers Telephone Capitol 27-121.