Evening Star Newspaper, July 14, 1930, Page 11

e FINANCIAL. BUSINESS DOLLAR L UNCERTAN Sluggish Week Sees Counter {Trends, With Steel Trade Showing Quickening. BY CLAUDE A. JAGGER, Associated Press Financial Editor. NEW YORK, July 14.—Business has ‘wallowed through another dull Summer ‘week, with some hangover of sluggish- ness from the Independence day week end and with continued uncertainty as %0 _how much its dollar will buy. The steel industry showed rather more than expected quickening. after the shutdowns of the previous week, but renewed declines in commodity prices was a counterbalancing restraint in business generally. Steel ‘mill operations were estimated by Iron Age at 56 per cent of rated ca- pacity, against 60 per cent 10 days pra- viously. The report of June ingot pro- duction showed little more than tne normal seasonal rate of decline, but the decline started from the low level reached by the unusually sharp down- turn in April. Wheat at Low. The further shrinking of commodity values was less inclusive than during some weeks in June, but it embraced such commodities as wheat, cotton, pig fron, rubber, raw silk, hides and’ tin. July wheat fell to another new low for the war and subsequent period, going within a fraction of 85 cents a bushel at Chicago. Rubber established a new low at 1214 cents. Large copper pro- ducers fell in line with the 1115-cent price instituted by the custom smelters. The feeling that the current reces- sion may reasonably be expected to Teach its nadir this month, or early in August, gained ground in banking and industrial and trade circles, but esti- mates as to when the seasonal Autumn upswing will reach normalcy still vary Tather widely. Although the commodity price situa- tion remains one of the difficult sore spots, trade reports indicate that mid- year inventories have disclosed unusu- all low stocks of goods and, that a fair volume of buying should appear with the first substantial upturn in retail PUIE: (il Order Price Cuts. Sears Roebuck and Montgomery Ward announced wide reductions in retail Prices of merchandise, which, together with price readjustments by other or- ganizations, are expected to stimulate public buying. Although June sales re- rts showed substantial curtailment the volume of buying, the fact that the month contained one less Saturday than June of 1929 tended to distort com~ parisons. Several motor plants are closing up for mid-year shutdowns. The Ford Motor Co. suspended operations last Friday, planning to resume July 28. Several motor manufacturers are an- nouncing model changes in the hope of stimulating Fall buying. Nash cut its dividend rate from $6 to $4 annually. The weekly petroleum statistics were favorable, showing reductions in gaso- line stocks and crude output, but a Tetail price cutting war on the Paclfic Coast was an unsettling factor. Of the most favorable statistical ex- hibits making its appearance was F. W, Dodge Corporation’s report of building contracts easc of the Rockies for June, setting a 12-month peak at $600,573,400. Freight car loadings again fell off and showed no sign as yet of getting above the levels of 1924, although carriers generally are looking for better earnings during the second half of the year. @pecial Dispatch to Tho Star. BALTIMORE, Md., try, alive—Chickens, gs, pound, 25a36; Leghorns, 18a25; old roosters, 15a16; old hens, 22a27; Leghorns, 15a 20; ducks, 18a23; pigeons, pair, 15a25. Receipts, 602 cases; nearby ; Southern firsts, 20. to fancy creamery, d, 32a35; ladles, 24a25; rolls, 24a ; process, 28a29; store packed, 18. Potaoes, white, 100 pounds, 2.00a2.25; new, barrel, 2.0042.50; asparagus, dozen, 50a3.50; beans, hamper, 50a1.00; beets, 100, 1.50a2.00; cabbage, hamper, 50a75; carrots, 100, 2.00a4.00; celery, crate, 2.5003.00; corn, dozen, 6al8; hamper, 60a90; lima beans, bushel, 1.25al.75; lettuce, crate, 50a1.00; onions, bushel, 75a1.00; peppers, hamper, 60a75; peas, bushel, 50a2.50: spinach, bushel, 1.00 21.10; squash, hamper, 15a25; tomatoes, crate, 1.0022.00; apples, bushel, 1.25a 3.00; blackberries, quart, 10a15; canta- Joupes, crate, 1.00a3.00; cherries, pound, 5a10: oranges, box, 3.7529.00; peaches, crate, 2.50a3.50; pineapples, crate, 3.00 24.00; watermelons, 100, 20.00240.00. Live Stock Market. Cattle—Receipts, 1,600 head; supply; market 25a50c lower. Steers—Choice to prime, none; good to choice, 8.50a9.00; medium to good, 7.75a8.25; fair to medium, 7.00a7.50; plain to fair, 6.25a6.75; common to plain, 5.50a6.00. : Bulls—Good to prime, none; good to choice, 6.2526.50; medium to good, 6.00 26.25; fair to medium, 5.75a6.00; plain to fair, 5.25a5.50; common to plain, 4.7585.00. Cows—Choice to prime, none; good to choice, 5.7526.00; medium to good, 5.00a5.75; fair to medium, 4.00a4.50; plain to falr, 3.25a3.75; common to plain, 2.50a3.00. Heifers—Choice to prime, none; good to choice, 7.50a8.00; medium to good, 7.00a7.50; fair to medium, 6.00a6.50: plain to far, 5.50a6.00; common to plain, 5.00a5.50. Fresh cows and springers, 40.00a80.00. Sheep and lambs—Receipts, 6,000 head; good supply: market lower. 8heep, 1.00a3.50; lambs. 6.00a11.75. Hogs—Receipts, 2500 head; good supply: market stronger. Lights, 10.40210.65; light pigs, 9.50a10.25; pigs, 9.75a10.40. Calves—Receipts, supply; market higher. 1250, 14.—Poul- fair 1,400 head: good Calves, 5.00a Hay and Grain. ‘Wheat—No. 2 red Winter, export, 90; No. 2 Winter, garlicky, spot. 85.25; July, 85.26; August delivery, 86.25 bid. Corn—No. 2 domestic, yellow, new, 92; cob corn, 4.25a4.50. Rye—Nearby, 60a70. Oats—White, No. 2, 47; No. 3, 46. Hay—Receipts, 12 tons. The general hay market continues quiet under light receipts, mostly by truck, but ample for the demand, which is limited. While not enough hay is arriving on which 10 establish values by grades on carload lots, the better grade of timothy and clover mixed are in fair demand at a Tange of 20.00a25.00 per ton. NEW YORK, July 14 (#).—Engineers THE EVENING BTAR, WASHINGTO: " NEW YORK STOCK EXCHANGE Bessivel by Private Wire Blust fo The Ster Ofies. (Continued From Page ~Prev. 0 81 Natl Cash Reg.A(14) 21 filu Dairy (33) ki3 North Amtb10%stk) Northern Pacifio (5). Otis Elev. n(2%).... Owens 11l Glass (3).. Pacific Coast 3d pf. Pacific Gas & El (3)., Pacifio Lizhting (3). Park & Tiiford (33).. Park Utah.. . Parmelee Trans 1%. Path g, ... Pathe Exchange (A). no Mines....... Peerless Motor Car. ) . People's Gas, Chi (8), % Potrol Corp (13)eem Phelps Dodge (3)..e Phila Co 6% pf (3)eu Phila Read C& 1. Philip Morris (1), e Phillips Petrm (n2) w Plerce-Arrow pf (§). Plerce Plerce Pe « Pirelll, Italy (a3. Pitts Steel pf (7). Poor & Co (B) (2) PRAmTob A (3%) P Rican Am To (B).. Prairie Pipe L (15).. Preased St 1 Car. .. Pressed Stl C 1) Proctor & Gamb(2.40. R “ Puuoaluulunx.‘ - Pure Ofl (14 )s0s4s Bur Ol bF €40, cueis 408 kertes veawen 40 1. Reo Motor Car (80¢). Republic Steel (4), .. Republic Steel pt (§) Revere C&B (A) (4). Reynolds Metls 3.40. Safeway Strs pf (7). St Joseph Lead (13). St L-San Fran pf (§) St L Southwestern. ., St L Soutwn pf (5).. Savage Arms (3). Schuite Retall pf(8). Seaboard Alr e Sears Roebuck(32%) Second Natl Inv.,... 1 408 1214 100% 28 Sharon Stl Hoop (1). & Dohm ) Shell Trans (a2.423) Shell Union (1.40). 8hi Simmons Co. . . Simms Petrm (1.60). Sinelair Con Oll (2).. Skelly Ofl (2 Skelly Ol1 p£( . 4 .Solvay Am pf(5%).. Sou Porto Bug (1.40), Southern Cal E4 (2). Southern Pacific (). Southern Rwy (8) SouRyM&Oect (4). Spalding (A G) (2).. Spalding 1st pf (7). Spang-Chalfant. . Sparks Withngtn(1). Spicer Mfg pf (3).... Stand Branas (1%).. 136% 135% 46 18 374 30% 46w 20% 1 36 1 108 Wall Street Briefs NEW YORK, July 14,—Crude rubber consumption for the first half of this year totaled 216,182 long tons, the Rub- ber Manufacturers Association reports. Although the fizure was 19.3. per cent below the total (ur the first half of last year, it was 4.4 per cent higher than consumption in the first half of 1928 and higher than the first six months of previous years. The association esti- mated total domestic stocks of crude rubber on hand and in transit overland June 30 at 151,485 long tons, compared with 146,179 long tons as of May 31, and 92,062 long tons June 30 last year. Reports from Youngstown state that steel operations in that district for the current week remain at 63 per cent of capacity, the same as last week. The Cooper-Bessemer Corp. of Mount Vernon, Ohio, manufacturer of gas and oil engines and compressors, today re- ported for the six months ended June 30. Gross orders, including those of its subsidiary, the Chapman-Stein Co. of $6,652,635, an increase of 16.8 per cent over orders of $5,698,591 for the like period last year. Unfilled orders on hand July 1 amounted to $4,255,569, com- pared with $2,323,649, July 1, last year. A special meeting of stockholders of Ohio Oil Co. has been called for Aug- ust 14 to vote on proj acquisition of Transcontinental Co. of Ohio. The stockholders also will vote on & pro- posal to increase the authorized com- mon stock to 7,000,000 no-par shares from 2,400,000 $25 par shares, the plan providing that the present $25 par stock be exchanged one share for two shares of no-par stock. BUTTB-R PRICES UNSETTLED. NEW YORK, July 14 (#).—Butter— Receipts, 8,781 tubs; unsettled. Cream- ery, higher than extra, 35%,a353; extrs (92 score), 34%; firsts (88 to 81 score), Public Service Corporation reports electrical output of 175,319,000 kilo- watt _hours for June, the largest out- put for any month in the history of the compeny and an increase of 10 per cent over the corresponding month last year. Output for the first six months this year was 990,634,000 kilo- ‘watt hours, an increase of 8.5 per cent over output for the like period of 1929. Based on information supplied by wholesale and manufacturing firms in 104 distributing centers throughout the country, Credit Monthly, publication of the National Association of Credit men, says that collections are showing little Indication of the Summer soften- ing usual at this season, despite a sea- ening in wholesale trade, P ot New slot @ive & penny’s worth of ges, meter In London will Utilities at $25 for common shares 3112a34%,; packing stock, current make, No. 1, 22, and No. 2, 21a21%. Cheese—Receipts, 67,781 boxes: 3 State whole milk, fia fancy to fancy specials, 17%a18%; ditto, held, fancy to fancy specials, 25826, U. S. TREASURY BALANCE. ‘The Unlceu()!d States ('P!mun{ b\:-l.lnl ce announced today as of close of business July 11 was $239,602,278.96. Customs receipts for the month to date were $8,407,645.74. Total ordinary expendi- tures, $15,750,698.42. 10) ceipts, Poul 35a36; horns, 22a23; 13al4. 24a25; horns, J small, small, 25a26; 18a19; 15a18; fresh ums, toes, ern, 1.25; okra, 1.00; cases ity stock hol Y Stut of Washington Produce Butter—One-pound prints, 3714a38%; tub, 36a37. S e Eggs—Hennery, brollers, large, 30a32; small, 26a27; Meats, fresh killed—Bee! Live stock—Calves, 10; lambs, 915, Frults—Watermelons, Toupes, 2.5 uckleberries, 5.0085.50; alligator pears, 4.50; peaches, 3.50a4.50; .00; biackberries, 5.00a6.00, T e 100200 Vegetables—Potatoes, 2.75a3.25; toma- bunches, beets, bunches, 3.00a3.50; corn, 1.50;1‘.)%4 GENEVA, Switzerland, July 14 (#).— ‘The 1rish Free State has the secretariat of th et s tions instruments ratifying its verbal ;nm::e‘ oéa;hne o;;t:l&nll clause of the n of International Jus- En o Bt recognition compulsory jurisdic- tion of the court in certain ciasses of Jjuridical dispu y HOMER, La., July 14 (&).—Forty seven deaths, were reported in Claiborne Parish yesterday and public health of- ficlals here have quarantined all per- sons in this town under 16 years old and have ordered a ban on public meet- ings, including those at churches and theaters. ~Haynesville, a nearby town, ~Prev. apim- Stewart Stone & Btu Sun Of1 1 Dividend Rate. Stand G & 8tand Oof Cal (2%). Stand Oil of Kan (2). Stand Oil of N J(132). Stand Ol N Y (1.60). Sterling Sec (A)..... Sterling Seo p£(1.20) Sun Ol pt (6 Superheater Superior Oll. . Sweets of Amer (1) . Symington. .. ) Sales— Prev. Add 00. High. Low. Close. Close. 07 94% 94% §92% 64 65 98 64 61% -Warner (1). Webster aker Corp (4. Studebaker Co pf(7). 1) A (t3%) Telaut Corp (31.35) e Tenn Cop & Ch (1) D (3). ‘Tex Gulf Sulphur(4) Texas & Pacific (5).. Texas PC&Oll.. Texas Pac Land Tr.. 1: ‘Thatcher Mfg (1.60). Thermoid Co. Third Avenue. Third Nat Inv (2) Thompson Prod(3.40) Thompson Starrett. Tide Water As (600). Tide Water As pf (6) 19% Tide Water Oil(80c). 12% E5u 2% 13 2% 18% 894 ‘Timken Timken Tri-Contl Corp. Tri-Cntl Corp pi Und-Ell-Fischer 15), Union Bag & Paper. . Union Carbide «2.60) Unlon Ol of Cal 132) Union Pacific (10)... Union T'k Car (1.60). Tobacco Products. .. Tob Prod A (new) Det Ax(800). Roller (3)... » e - R 4 1 2 8 1 7 2 T 3 3 4 1 0 4 1 United Corp (50c), United Corp pt (3) Utd Klectric Coal, t Univ Leaf Tob (3)... i Univ Leat Tob pf(8) 80 Univ Pipe & R Util Pwr&Lt A (e3) 1t (7) 4 0 1 2 s . 8 - 83 Vadasco Sales Corp. Vadsco Sales pt (7) Vanadium Stl (14) Va-Car Chem. Va Elec Pr pt ( VaEl& Pwrpt(?) Vulcan Det (4).. Vulcan Detin pf (7).. 10s Wabash Waldort snun(‘l.l/. ) Walworth Co (2) Ward War Bros P pf (2.20) Warner-Quinlan (1). Pean £ pt (6. West Penn El pt (7).190s West Penn Pw pt(7. 8% Western Md. . ) Westinghse E&M (5) 30’ 29% Weston £l Instr (1). ). 108 28 6 7 1 Weston Elec (A) (2). Westvaco Chlor (2) Wrigley Am b % % 130 A.M. a3 22 38 20 321 21% 37% 19% able in oF stoc) % in stock. 23a24; 21822, , alive—Spring broilers, large, small and medium, 27a30; Le, large, 23a25; small, 22a23; fow] Leghorn fowls, 15a17; roosters, Dressed—Shipped in, iced, Bffln: fowls, and medium and Leg- current re- small 158186. ’ prices, home dressed—Spring , large, 40a43; medium, 35a36; 30a32; Leghorns, large, 29a30; 25827; fowls, large, 28a30; small, Leghorn fowls, 27a28; roosters, ducks, 23a25; turkeys, 32a33. 1, 18a21; veal, lambs, 25; pork loins, 25a28; fresh shoulders, 18a20; + smoked shoulders, 20; 27, lard, in packages, 13; 50; honeyballs, 2.50a4.00; 7.5088.50; lemons, 5.50a6.00; 2.00; pears, 2.50a3.00. , .7582.25; pineapples, 5.50; 2-peck baskets, 1.50a2.00; crlt::l; 25:‘0 2.7! squash, 175 TS, 1. 1.00a1 60;1 cucu‘::geprefi,‘ 14 00; spinach, '1.00; carrots, per 2,0083.00; por o Irish Ratify Protocol. e League of Na- ‘This protocol involves ites. L Seven Die in Epidemic. in infantile paralysis, resulting in viden iven in th sed on the tradi; s than scrip, b Pavable in #ock. ] Plus en similar action. ——— its motor car scheduled Jund 30 sold out i July White Rek MS(14%) White Sewing Mach.. Willys-Overland. (Wm Ta% Yale&Towne Mfg(4) Yellow Truck....... 254 Youngs Spring (3). Zenith Radi RIGHTS EXPIRE Tel & Tel.Aug 1 368 284 35% 9 0. 00 8% 18 17% DuPont deN..July 16 759 Inter Salt. Sales of Stocks on New York Exchange Juiy21 8 % 406,600 12:00 Noon. npual cash arations. res. {Partl) o Plus 0% in stock. iF o id stock. d Payable when nnnll‘o.‘é Thy 5 Stk lus 10% 1) ck. g Plus 6% 8% 10 stock. 'k Flus 3% in stock. B Corporation News NEW YORK, July 14—The follow- ing is & summary of important corpo- ration news prepared by Standard Sta- tistics Co., Inc., New York, for the As-|§ soclated Press: Weekly News Review. Securities prices, after reacting sharp- ly on Monday, followed a moderately upward trend during the remainder of the past week. Turnover was again light, averaging about 1,635,000 shares | daily compared with 1,680,000 shares in the preceding week. Based on Satur- day’s closing prices our composite 80- stock index stood at the highest point attained on the current recovery and gained 5.4 points over the closing levels of July 3. The utility index ad- vanced by 7.0 points, while the indus- trial group gained 3.1 points and the rails 55 points. ofl?l‘(})kefi' loans were reduced $16,000,~ n the weel - 2000, k of July 9 to $3,203, their lowest levels since the final week of August, 1927, and more than $1,- 070,000,000 below the peak total of 1930. The relatively small decline in the to- MONDAY, JULY 1 BONDS SLUGGISH, Thin Market Develops for Prime Rails—Volume on Par With Saturday. BY DONALD C. BOLLES. Associated Press Financial Writer. NEW YORK, July 14.—Dull trading marked the opening of a new week's activity in the listed bond market, and the sluggishness of price movement was in marked contrast with the strength displayed last week. It was tinged with some irregularity, but best grade issues were steady to firm for the most part. A thin market developed in prime railroad bonds whose strong climb pro- vided the leadership for the forward step take by fixed income-bearing se- curities on the New York Stock Ex- change last week. There was some profit taking, but prices of the grouj were generally steady with little incli- nation to rise in evidencé. While lien issues idled, interest centered principal- ly in convertible issues which were in demand at higher prices as equity issues for which they are exchangeable made a good showing on the big board. ‘The volume of trading was about on ; par with the quiet session of Satur- ay. Heavy trading developed in Atchison convertible 4155, which were pushed up more than a point, and Baitimore & Ohlo 4!3s, St. Paul adjustment 55 and Chicago & Northwestern 5%s showed rising tendencles to a lesser degree. Among investment issues Baltimore & Ohio 1st 5s sold near the year's top, and thin trading in Eric general 4s, Missouri Pacific 5s, Grand Trunk Canada 6s, Wabash 4!ts and Western Maryland 4s held these on an upward course. Canadian _National Railway 4)3s, Chesapeake Corporation 5s, Rock Island 4s, Great Northern 7s, Nickel Plate 475s, Southern Railway 4s, were among t| more active bonds and were virtually unchanged. A mixed movement took place in util- ity issues, with Consolidated Gas 538 and Columbia Gas & Electric 5s eas- ing on few sales, while American tele~ phone 58 and Pacific Gas & Electric s held firm. Washington Stock Exchange SALES. Pobs;nlc Electric Cons. 55—$1,000 at Y. 1 Washington Gas 58—$2,000 at 103%;. ‘Washington Gas 6s “B"—$100 at 10414, Capital Traction Co—1 at 59%. Federal-American National Bank—10 at 275. Riggs Naticnal Bank—5 at 480. National Bank of Washington—5 at 250. Federal-American Co. com.—10 at 30. The Carpel Corp.—28 at 2 AFTER CALL. Mergenthaler Linotype—10 at 96%. Washington Gas 6s “B"—100 at 1013, $100 at 101%. Norfolk & Washington Steamboat rts. w.1—8 at 16. Washington Gas 6s “B"—$1,000 at 106. Potomac _Electric 5% % pfd—10 at 107%, 8 at 108. Peoples Drug Stores pfd.—10 at 103, Riggs National Bank—2 at 480. Bid and Asked Prices. BONDS. PUBLIC UTILITY. . ga. 4'es '33.. Amer. Tel & Telsa. 41is & i 8. Anse o Anacostia & Pot. apial” Tracts Sthy" Bubur Wa: as Wash. Gas 68, Wash. Rwy. & MISCELLANEOUS, STOCKS. PUBLIC UTILITY. o Su, et 0833555535 NATIONAL BANK. Capital (14) .. Columbia (13} Commercial (s District (8) .. Federal-Americ Liberty (75) . Borrowings are_currently at|Merg Lincoln (12) Metropolitan Riges (16) ond (9e)."" Washington " (i TRUST COMPANY. Sec. & Trust Co. (15). tia) Amer. a, Natl. Savings & Trust (12}).. Prince Georges Bank & Trust. Union Trust (8g)....... Wash. Loan & T Bank of Bethesda (6§) . Commerce & Savings ( East Washington (12) & Com. enth_ Street (12) United Btates (30). ‘Washington Mechanics ¢ FIRE INSURANCE. American (12) Corcoran (10) PFiremen’s (8). National Union (15) TITLE INSURANCE. Columbia (6h) Real Estate (6h) Title & Inv. Co. Md. com. MISCELLANEOUS. Barber & Ross, Inc. com . & Inv. pid Peoples Drug Stores pfd. & G. prd. (8 5% 7 Real Est. M. tal for the week is explained in part by | W. M the fact that, during the period covered, payments were required on approximate- 1y $150,000,000 of new security issues floated within the past month, Call money rates ranged between 2 and 3 per cent. Commercial paper was re- duced ¢ per cent for best names to 3 per cent. Thirty-day time money was cut to 2 and 215 per cent and 90 days was advanced to 2% and 3 per cent. Bankers' acceptances yield rates for 150 and 180 day paper were advanced 1% per cent. This is the first upward change In acceptance quotations this year. "The neral ease in the money market, fol- lowing the month end settlements, is indicated by the Federal Reserve state- ment for the week of July 9. Reserve hn%obredlt outstanding decreased $58,- w;‘o '?u;g; tdl:eu wl;eedk and zrnz-mbel’ banks :!of_‘"!inrllia by $24,000,000. Re- , pre b m.vlmu week and 73 per cent The Companies. American Rolling Mill Co. to spend |}, ¥ 41,000,000 - $1,000.000 on " additions and replace Arizona Commercial Mining _esti- mated June “copper production 203,041 pounds ‘vs. 252,545 in May. " o Aviation Corporation (Delaware) car- Tose to 81.7 per cent from | g ried 27,251 passengers in five months |G to May 31; estimates mail rates under Watres bill will increase revenues about $50,000 monthly. Bethlehem Steel Corporation stop diamond drilling, ki mond drilling, Ruth iron properties. Wright carried 82,259 - in - B S e 8 = . Mech. Wash Med Corp. . Woodward & Lothrop pfd’ (7). *Ex dividend. B Books closed. dEx rights. 1% exin ! Wi When issued, eilaf% extra, 2% extra. SHORT-TERM SECURITIES. (Reported by J. & W. Sellgman & Co) llis-Chatmers Co, 5s 1937 Alherican Tt & rel; Sts Chi>ag0 Rock Islan Chile Copper Co. 55 1947. Cudany Bickice o, Sen 1631, en. Mot, Accep. Corp, 6s 1987, 102 101 101% 9934 102v4 83 . 9 1014, 10334 of 1007 232855558855, or} Chi. & St. Lows 83 1932, Phillips Pet. Co. Sias 1939. EBure Oll Corp, 818 1937 Snell Union Oll Co. 85 1 Sinclair Crude Oil Co. §las 1938 Standard Oil N. Jersey 5 1946 Stancard Ol N. York 4128 1951 Tr. Mt. & So. Ry. 9s 1931 Southwestern Ry. 4s 1032 .S, Rubber 35 1947 Western Electric Co. 55 1 Wheeling Steel Corp. 5} Wheeling Steel Cori e e ‘The bones and muscles of the human m capable of over 1,200 different 40000 104 1948 1023 1953, 91 1 93 FINANCIAL l ON NEW YORK BON-DSSTOCK EXCHANGE' Received by Private Wire Direct to The Star Office UNITED (Sales US3%s's US3%s"T.. Us3sy - 35 55 STATES. Close. 100 30 1025 10231 10123 10131 1065 10821 11224 100 30 1025 102 30 10128 101 28 1065 108 20 11224 FOREIGN. Argentin Argenti; Austria 7s. Bank of Chile 8% Belgium Belglum Bolivia 7s ctfs 69 Bolivia 8s. Colombfa 6s.Jan ‘61 gon Pwr Japan 78 openhagen 4 Cuba 5134 e Danish Munte . Danish Munic 85 B. Denmark 4%s. ... | Denmark 5% s 55. . Denmark 6 DE16%s, Mch.'52. DE 16%s.Nov '63. Dutch East In@ 47, Fiat 7 ex war “4| Jugoslavia Bank 7s Karstadt 63 Kreuger&Toll Lyons 6s. Milan 634 s, Montevideo 7s. Netherlands 6s 72 New So W. 7 Norway i, Norway 6148 52, Rhine Wst EP 65'53 Rhine West6s '53. . Rio Gr du Sul 68’48 Rome 63s. .. . R'y’l Duteh 434 sww Sao Paulo 8326 Sao Paulo 50 Seine 7s *42. Shineyetsu 6148 ‘62 Sotssons 61, Toho El Pwr 6532, Tokio 6% 8 61..... Utd Kingm 5%s'37 Uruguay Abitibl P&P . Abram&Straus 63 s Ajax Rubber 8s. Alleghany 63 '49. Allls Chalm 58 Am For Pwr 65 2030 AmIGChbl4s'49. Am Int Cor 5% 849 Am Metal 6% '34. , Am Smit & R Bell Tel, Pa, 68 (B) | Tel Pa 53 (C) hienm £tl pm h Steel rf bs. Certn-Td 6%s rets. 1 Chile Copp Colon O11 & Col G&EI bs,May’62 Com Invest 6s ‘4 ConGasN Y 6% Consumers Pwr 58 Denver Gas bs. 1L Bell Tel bs. 111 Steel 434540 Inland Steel 43 '78 intl Cement 63 Intl T&T 4%s o Int] Tel&Tel by Kendall 6%5'48 ww Laeclede 5348 D 60, Nat Dairy 6% Nat Radiator 634s. % | N Y Edison 633s, N Y Tel 445, N Y Tel 6s Phillips Pet 6%a. . Plerce Oil deb 8s. Pilisbury F' M 65’43 Por Ric Am Tob §s. Postal Tel & C6%s Pressed Sti Car bs. Pub Serv G 4% s 10 Richfield Oll 63 *44.. Sinclalr Ofl 6%8ee 5 102% Al Sales. High. Low. Close. 1 8 88 88 98% 103% 94 971 94% 108% 113% 109 1% 100% 4 106% 83% % 82 % 105% 9% 101% 96% 104% 99 9% 104% 96 108% 874 % 751 MISCELLANEOUS. 27 5 8614 99% 64% 100 9914 101% 85% 991y 64% 99% 98% 1014 108% 74 4 102% 106% 1084 101% 102% 102% 1064 108% 101% 102% 464 96 6u14 i 1021 99% 107 104% 102 108% 9ty 101 63 9814 102 1014 96 96 61 104% 101 1067 9Lty 101 63 9814 102 101% 95% 106 107 93 o3 105% 105% 100 947 100 101% 63 981 10216 % 94 4 108% 102 101% 103% 1031 103% 89 102, 102, Sales. 6 104 103% 1017% 10134 99 98y, Solvay Amer 68 *42. South Bell Tel s, Southwest Bell Stand O1L NJ *46. Stand OIL N Y.4% Sug Es Ortent 7s Tenn Cop 6s B ‘Tenn Kl Pwr 6 Tox Corp ev b3 ‘44.. 28 Transcontl Oll 638 12 United Drug 6s'53. 98 10415 104% 106 106 104 1087 991 99 2 2 101 101 107 106% 104 105% 1091 1041 98 9Ty, 8zl 8uly 991y 997y 101 100% 88 88 4w 101% 100% 103i4 10374 10873 1034 100 100 11 Utilities Pwr b Vertient: Warn Bros P Western Klec b Westn Union bs' Wilson & Co 1st 6, Win RepeatAr 734 105 108 Youngsta 8 &T & 102% 10 RAILROAD. Atchison adj « « 1 92 Atcnison gen 6 ui A, T&SKev 415848 197 1.2 95% 100% 104% 105% 105% 92 Y61y 150 954 100 101 105% B & O ref 65 '95. B&O PLEWY B&OSW 63’50 B & O Toledo Boston & Main Bklyn Un 1st 5550, Bklyn Un El 55 '50.. Buff K & Fitts 4 s, Can Natdl4s 64 Can Nat 433897, Can Nat 4izs 68... Can Nat bs, July 69. Can Nat 58, Uct 69, Can Northern 7 Can ruc 44 Can Pacitic bs Car CLin & O Cent of Ga 65U 69, Centof Ga b4s.... Cent Pacific 45 49, . Ches Corp 58°47.... Ches& O 434893 A, Ches & O 4348 B Ches & O gen 4 % Ches & Ohlo con bs. CM&STP Pac ac) 65.108 ChiNW 438 2037, Chi&NW s%s Cni & NW ret b Chicago Rwy: ChiRlcvaiss Chi Rk 1sl 4148 A.. Chi Un Swa 4 Chi Un Sta 6. C& W Ind con C& W ind bins 62, CCC&SLL 58 (D). .. CCC&SLL 48 (B) . CCC&SLL deb 4348, Clev Term 438 11, Clev Term 68 Colo & Sou 4% 8.... Conn Ry&L 4%4s st. Cuba R R 7% CubaNors % Del & Hud 63%s. DR G&Wst 68'78.. Erie 1st con 4; L 81y s, 935 Erle b8, 1976, 93 Fla East C 6874 Gr Trunk st dd Grund Trunk 45 108 110% Y8% 9a 100% 110% 110% 100% Grt Nor 4148 (B).. Gt Northern bs. Gt Northern & Great Nor gen Gultf Mo 58 (B).... Hav El Ry 6%s '51. Hud & Man ad) b Hud & Man ref b 11l Cent 63%s. 111-C-C-StL&NO Lut Rapid Tran Int Rap Tr Int & Gt Nor KanClty F1 S ¢ Kax City Sou 6s. Lake Shore 4. L& N unt L& N 4348 20 L&Nb¥%s. 1004 6% ¥o'y 107 46% 94te 1025 101 Market St 75 ‘40, 3 Mil £1 Ry&Lt 6851 100 9 + 1004 10z 8% 100% ¢ 1004 1084 8t 99 93% 8lly 9914 101 1079% 100% 97 1011y 102 1814 9t v 7 954 66% 924 113% % 9674 101 101 104 109% 951y 99 1048 109% 100 99% 93% 9% 100% 90% 924y 10244 Mo Pac bs F "11,... Mo Pac 78,000 Mo Pac 5%s ‘49 ov. Nat Ry Mex 4s'77. N O Tex & M bs(A) NY Sta Ry 638’62, Norf & Wn con ¢s. . Nor Pacifio 88 2027, Nor Pacific Nor Pacifio re: Ore Wash 1st 4 Penna 4%8 1970... Penna gen 4% 8 Penna 4% s P CC&StL 58 (A). Port RL &P 6830, Reading gen 414 A.. Rio Gr Wst 1st 4s. . RIATK & L 4% StLIM&S StL & SF pl 48 A, StL&SF4%s 78, StL&SanF 5s B StL&SF gen 6s ! St L8 W con San An&Arn P 4s, Seaboard AL re Seaboard AL cn 6 SBAll Fla 6336 A Sou Pac ref 4s. Sou Pac 4% rets, Sou Pac 414869 ww Sou Rwy gen ¢s.. Sou Rwy con §a. Sou Rwy 6%s. Term Asso SL 4 Texas & Pac 1st. Tex & Pac 68 B 7' Tex & Pac 68 C*7 Third Ave ref 4s°60 Unton Pac 1st & Union Pao 4. Union Paoc 4% Virginia Ry 1st 6 Va Ry & Pwr 68, Wabash 41878, Wabash bs 76 B. Wabash 1st b8 Wabash 538 Western Md 4i g FlaemmaNBRG- ASH e 99 904 110% 2 123% 90 110% 102% 102% 46 97 Y 99% wBavah e Eha evon ~aEa 105% 101% 93 100% 1088 10. 92 104 8414 High Low. Close. 103% 1017% 99 98 104% 106 105% 9l 42 101 107 104 109% 9Tty 82v 100% 8s a4 101% 1087% 1031y 100 10s 10:% 100% 90% 9214 10214 904 L. § § NEW LOW PRICES REACHED BY WHEAT Persistent Selling Carries Chicago Market Down After Early Rise. BY JOHN P. BOUGHAN, Assoclated Press Market Editor, CHICAGO, July 14.—Persistent sell ing for houses with connections South- west carried the wheat market down late today to fresh low-price records, and more than offset early advances. Values quickly rebounded, however. The movement of newly harvested domestic Winter wheat was much heavier than of late, today’s receipts at eight South- western points totaling 5,383 cars. It was announced also that harvesting of Spring wheat is now well under way in Southern South Dakota. High, T3 91 96% July . September July ... 3 December 4 OTIS STEEL CO. PLANS BIG EXPANSION PROGRAM CLEVELAND, July 14 (#).—The Otis Steel Co. announced plans today for a Corporate Trust Shares Investment Trust A Investment Trust of N Nassau Manag Natl Investors 1104 128% 90% 110% 1025% 1024 46% 97 91t 99% 1051 105% 101% 101% 93 1007 100% 103% 103% 104 8454 9% 991 9TH 9TH 90% 904 ustria to Imitation jewelry is being sent Irom Al European marke! tay by air Do. Selected estal passenger within New York oltyn‘ passenger handling Ohlo, $5,000,000 expansion, including _the building of a new continuous rolling mill and a survey looking to the manu- facture of alloy steel. Contracts for the mill are to be awarded and work started within the next 90 days. The program calls for extension of the present tooming mill bulldings and installation of three additional furnaces and six stands of mills. The new mill will be equipped to produce 36,000 tons of material monthly, CHICAGO LIVE STOCK MARKET CHICAGO, July 14 (#)--Hogs—Re~- ceipts, 55,000 head, including 25,000 direct; steady to 10 lower on hogs scal- ing under 220 pounds; heavier butchers 10a15 lower; 9.85 paid for load around 190 pounds; light (good and choice), 140-160 pounds, 9.5089.75; light weight, 160-200 pounds, 9.60a9.85; medium weight, 200-260 pounds, 9.15a 9.75; heavy weight, 250-350 pounds, 8.6580.25; packing sows (medium and good), 275-500 pounds, 7.3588.25; slaughter pigs (good and choice), 100- 130 pounds, 9.00a9.5 Cattle—Receipts, 17,000 head; calves, 1,500; steady to 25 lower; light yearlings mostly steady; she stock steady to weak; relatively scarce; bulls higher; heavy sausage bulls up to 8.00, outselling beef bulls; vealers, 12.00a13.50; slaughter cattle and vealers, age steers (good and choice), 600-900 pounds, 10.00a11.75; 900-1,000 pounds, 9.50812.00; 1,100-1,300 pounds, 9.25a11.50; 1,300-1,500 pounds, 9.00a11.50; common and medium, 600+ 1,300 pounds, 6.75a9.50; heifers (good and choice), 550-850 pounds, 9.50a11.25; common and medium, 6.0029.50; cows (good and choice), 6.75a9.00; common and medium, 5.00a7.00; low cutter and cutter, 4.00a3.25; bulls (yearlings ex- cluded), good and choice (beef), 7.00a 8.50; cutter to medium, 6.00a7.90; veal- ers (milk fed),-good and choice, 11.50a 10.00a11.50; cull and , 6. 0.00; stocker and feeder cattle, steers ( and choice), 500- 1,050 pound: 7589.60; common "and medium, 5.50a7.75. Sheep—Receipts, 18,000 head; slow; weak to 25 lower; light sorted, native lambs mostly 10.75; some held higher; best rangers held toward 11.50; fat ewes steady at 3.00a3.50; feeding lambs scarce: lambs (90 pounds down), good and choice, 10.50a11.50; medium, 9.00a 10.50; (90-100 pounds), medium to choice; (all weights), common, 6.50a 9.00; ewes (90-150 pounds), medium to choice, 2.25a4.00; (ail weights), cull and common, 1.00a2.75; feeding lambs 350%-75 pounds), good and cholice, 7.25a common, 6.00 INVESTMENT TRUSTS NEW YORK, July 14 (#).—Over-the- counter market— Affiliated Inv Inc.. Do. new uni| w units Alex Hamilton In Alliance Inv Corp . Amer & Cont Corp . % Gen 8o B o Bid. er 20258580 L8252, I Y Do. 1-40th ' com Amer Ins Shocks ..... Am Util & Gen A wBatEansss: anan il = Do pf : Chelsea Exchinie A Conc Metrg Bank Shares A Tum & Foster Ins B. D 0 DI, R Crum & Foster Inc B.. 0 8% & Deposited Bank Share Ser Diyersified Trustee Shares A o e telyeeodh Do C .. v Federated Cap. . .l. n First Amer Corp Fixed Trust shares O ropnd it ot Dol Gude Winmill Trad. Incorp Equities... Insurance Trust Shares... Int Secur Corp Am A.... Do B . Bo 89 pt.. 1 Do 6'3% DI % Investment Co of Am.. Do pf . ¢ Investment Trust Assoc ociate ¥ Trust Shares. 5. Investors’ Jackson & Curtis Invest Assoc Jackson & Curtis Secur Corp b oint hewan Investors....... e Coj Shares. ect Reynolds Invest ... Second_Inc Eauities Secur Corp G Secor: en pf_ ... rd_Int Secur Cord A ist'pi.. . 1 an Shares Straus Invest units uper Corp of Am Tr Shr: Trustee Stand Oil Shares A o T B Union Financial A United Cap A Do. B_units. . United Pounders. . units i ’ U S & British Int Co Ltd A.... S B AR e Do_ 3 pt’". Mo U 8 Elec Lt & Pow Shares A United Off Trust Shrs H...!! Pennsylvania Railroad Interstate Com- merce Commission rejects posal to transfer . service competitive with Baltimore és