Evening Star Newspaper, June 15, 1931, Page 15

FINANCIAL. CURB SHARES HOLD|[NEW YORK CURB MARKET FINANGIAL |MOTOR REGULATION 1S SERIOUS PROBLEM Direct to The Star Ofice ontiral gy s 1go) 5 ' MONDAY,“JUNE 15. Lowest Raites of - AND - BOND A‘:ERACES . -snare Prev. oo : TOCKS, s 2 - | ~Prev. 1051 and Sales— 30 20 20 g : ¢ % lN NARRUW RANGE exoepting those desigmabe (80s! m&*fi ftzk Tt (o dend Rate. pen. High. o » I C. C. Hearings Bring Out Difi sh. Low. . ng b 1036 Utilities List Firm—Remain- der of Market Quiet—Trad- “ing Volume Small. BY JOHN A. CRONE. Special Dispatch to The Star, NEW YORK, June 15.—Today's curb market was a quiet affair with few im- portant price fluctuations. There were issues here and there throughout the list where professional traders kept things going, but there was not much evidence that they were getting any- 'where. One active issue was United Light & Power A, which made a small gain. 'This stock was firm all last week on reports of improved earnings. Electric Bond & Share gained a shade above 36 in a long string of sales. American Gas Electric was steady on a comparatively larger turnover. Other utilities were active. Among the oils Cities Service sold a shade under its Saturday close. Stand- ard Oll of Indiana was slightly higher. Vacuum gained nearly a point at one time and then eased. De Forest Radio was another of the isolated spots of activity, and its price ranged more than a point higher at 5%5. ‘The company's position has been co: siderably improved as a result of Supreme Court decision in patent lti- gation. Parker Rustproof was turned over in fair volume for a small gain. ‘The stock is an active mover. General Theaters Equipment pre- ferred gained about a point at one time and then reacted. The company con- trols Fox Film and Fox Theaters. Fox [Film's_long-term contract with Cana- dian Famous Players Theaters started lamusement securities higher toda In general, the utilitles were firm, output figures for most of the impor- tant pps having shown a well main- tained increase for the first week of | June. However, Associated Gas & Elec- tric, which reported a record output for that week, was fractionally lower, un- der 17 at one time. Small gains were 'made, by American & Forel Power ‘warrants, Central States Electric, Niag- ara Hudson Power and Middle West utilities. In the motors, Cord eased & trifie in early trading and recovered. Ford, Ltd., hardened. Aviation shares were quiet. United Gas was inactive after its lively showing last week, but the price was up slightly. Appalachian Gas was ¢ Duquesne Gas was lower. Pipeline is- sues were dull. Trading corporations 'were mostly unchanged. Mine shares 'were quiet. Grain Market By the Associated Press. CHICAGO, June 15.—Price rallies in wheat late today were associated with ‘Washington reports that drought in domestic Spring-wheat territory had be- corfie worse than last year. Upturns in prices, however, were mostly fractional and were not well mainteined. Atten- tion of traders converged more on news that harvest operations were making rapid progress in Winter wheat districts, with yields in Texas and Oklahoma run- ning ' to 1 bushel an acre above the figures suggested by recent Government estimates. 3 Wheat closed unsteady, %-% cent lower, corn varying from % decline to 15 advance, oats 1;-1; off and provisions at 2 cents setback to 5 cents gain. Markets at a Glance NEW YORK, June 15 (#).—Stocl heavy; rails lead moderate decline. Bonds, irregular; Germans improve. Curb, steady; changes small: Foreign exchanges, firm; German mark easy. Stock and Dividend Rate. Aero Underwrit Affiliated Prod 1. 6 17% Aluminum Co of Am 175s 111 AluCoof Ampf (6). 6 96% Alum Ltd A war, 12 Am Austin Car. 2 Am Capialprof5% 1 AmCit PALBb10%. 4 AmCom P A (b10%) 8 American Corp(15c). 10 Am Cyanamid B. 4 Am Dept Stores Am Equities..... Am For Pow war, Am Founders. 2 Am Gas & Elec (11). 1350s Am Invest. Ine (B). 1 Am Laundry Mach 2. 25s Am Lt & Trac (2%).. 1 Am Maize Px;od ). 1 Am Superpcw (40¢). Am Superp 1st (6). Am Superp pf (6)... Am Ut{l&Gen (B)vte Am Yvette Co (25¢). Appalachian Gas wr. Arkans Nat Gas A. Ass0 Gas&El A (a2). & Ass0c G & El war... Assoc G&E pf (5). Atlas Utll Corp.. Birmingham Elec pf. 508 109 109 dlue Ridge Corp. 4 3% 3% 10 31% 1% Braz Tr & Lt (08%). Brill Corp A (34c)...« Burma rets 27 Bwana M Kubw Canada Marcon!..... Carman & Co A (2).. Cent Pub SvcA b10% Cent&Swn Ut (b7%) Cent Stat El (b10%). Cent St El pf xw (6). Chain Store Devel... Chat Ph Aln.v. (1).. Cities Service (g30c) 4 Cit Sv pf B (60¢). Col Oil & Gas vte. Cmwlith & Sou war... Com Wat Ser g12 e Consol Auto Merch * & Con Gas Balto (3.60). 1 B84% 84l Consol G B pf A (5).. 2Bs 105% 106% Cont Roll & SteellFy 4 16 20 Cont Shares conv p£.100s 29 29 Cont Sharespf (B).. 1 29 29 Copeland PrInc (n). 1 10 10 Cord Corp.....vveem 17 8% 8% Cresson Consol (4¢). Crocker Wheeler.... Curtiss Wright war. Cus! Mex Mining. Davenport Hos (2) Dayton Alr & Eng. Deere & Co (1.20) De Forest Radio..... Derby Oil Refining. . Detroit Aircraft Cp.. Dow Chemical (2)... Dubflter Cond & Rad. Duke Pow (5)...... Duquesne Gas Corp. Durant Motors. . 8% East St Pow B (1). East Utl Assoc East Utl] Assoc ¢ Educational Pic p: = - mamenBacniran® memome Elec Pow Asso A (1) Elec P & Lt op war, 5 184 18% Emp Corporation. 8 14 1% % Engineers Gold 1. 8 sy Eureka Pipe L ( 50s 28 28 Europ Elec deb rt 1%, 1% Federated Metal Florida P & L pf (7). Ford Mot Can B 1.20. Ford Mot Ltd 36 Foremost Fabrics. .. Fox Theater Cl A.. Franklin Mfg Co. Gen Alloys. .. German Gen Elec(7) . Gen Elec Ltd (p70c). Gen The Equip cv pf, Glen Alden Coal (4).. Globe Underwr (15( ). Gold Seal Elec new.. Goldman Sach T C. .. Gorham Mf vte (£2 Gray Tel Pay S 13%. Great Lake DD t1% . Groc Strs Prod vte. . Guif Oll of Pa (1%). 4 Hamilton Gas rets Happiness Candy. .. Hudson Bay M& S .. Humble O} (12%).. Hygrade Food Prod. % 11l Pow & Lt pf ( imp O1l of Can « Industrial Finan ctfs 27% 27% 1% 11% ¥% bl 3% 3% 3 3 L3 184 8% 13% 34% 84 bl 5% 16% 60% 19 K 4 3% 1% 314 55% 3 88% 12% 5la - @ g B e on 1 e S 0 TN o S %W 100% Mohawk Hud 1st (7)150 Dividend 102 Ludlow Mf Assoc 10. uperpow % Italian Superp wi % Kolster-Br (Am 8h). % on... " 10 Libby McNell & L. .. 144 Lone Star Gas n 88 Fiianininnna Pl o nnu sy 4% MacMarr Stores (1) 1% Mavis Bottling (A) 8% May Rad & Telev(1). 7 McCord Radiator B.. 20 Mercantile Strs (1).. % Mesabi Iron. Mo-Kan Pipe L (B) . e 3% Nat Family Stores 3% Nat Inve ‘'vice Co Sec A (350c) Nat Sugar NJ (2)... Nelson Herman (1).. Newmont Min (4)... Niag-Hud Pow (40¢c) Niag-Hud Pow A w.. Nordon Corp Ltd.... Nor Am Aviat A war. Nor & 80 Am Corp Nor Burop 0Oil C¢ Nor St Pow pf (6)... Northw Yeast Co 12) Novadel Agene (4) Ohilo Copper..... PacG&Bistpf1y Pan Am Airways. E s 9200 B i 2 20 0 00 00 s Powdrell & Alex Prudential Invest. Pub Uti] Hold wi Pub Utfl Hold Cp x Rainbow Lum Pr B.., Republic Gas Corp. . Rossia Intl Cp (10c). St Regis Paper (60c) Seaboard Otil (50c).. % Schiff (The Co (2)... Segal L & H (a50¢). . Seiberling Rubber. .. Selevted Industri Sle Ind prior (5%) Sentry Safety Cont. Sbattuck Den Min. .. Sheaffer WA Pen(13) Shenandoah Corp. . Shen Corp pt (a3). 9~ Sistd Finance Corp % South Penn O11 (1). . 3 SouthernNatGas.... Southld Royalty 60c. S W Gas Utilities. ey NaRwham e R i RO RS » pleg May Stern pf. . Springfield Gas L Co. Stand Oil of Ind (2).. Stand Ofl of Ky 1.60. 4 Stand Ol Ohio (2%)100s Strauss Roth. . v 3 Sunray Ofl (b6%)... Swift &Co (3).... Swift Internat (3)... Syracuse W Mach B. Teck Hughes (60¢c).. Trans Lux DLPS Tri-Cont Corp war. .. Tri Utilities (b20%). Tubize Cantillon (B) Tung Sol Lamp (1).. 26% Tung Sol L pf (8). 17% Union Am Invest.... 9 Un NatGasCan (1)., 18%~Union Oil Assoc (2). 16 Unit Chem pt pt (3).: “% 4% 71% Unit Gas pf (7). " 17% Unit Lt &Pwr A (1).. 4 Unit Lt& Pwr pf (6). Unit Profit Sharing. . U S Elec Power ww.. U 8 Lines of (1) Unit Stor . Unit Verde Exten (1) Util PALt(a11.02%). Util Pwr & Lt pf (7). 504 Util&Ind.... 4 Vacuum Oil (2) Venezuela Petr: Vie Finan Corp (40 Walker Mining. “Y” Oil & Gai 2 L ?'( i L § . 3 531 1 T I N T e e i e T 9588 959998 aubormsntdsanve 1O . o 32388228 e :-:355'!"! N o sz Fagitit gg“" ~!s§§§ o i 3t BB suwnbavavnoenSo-ttaraaus5Bua - Bawn I EER00000 EynBBREs 2242 3 2z, e i 5| ’:E - =) ST, =R T Eggn 2 el it —--l..tg P L e T o 2, X 3 = H » '!r 28y wd! ::—n—--=»-lflnuu— RERERERE! o SR 2 ] D Sage0.pam i {3 § EL ML S B 2SR fo e (Copyright, 1031, 228238823323325882 32338 82a3s500ed e egFesngrSgSage! =S 22285 388823888 aEEE B R G S G L 2238823888032 0832 2808333828238 FEE S 2ozges: o ¥ S S, e 1008 tandard Statistics Co.) INVESTMENT TRUSTS NEW YORK, June 15 (#).—Over- the-counter market; ng% A i T &FFRAF 55 S #55 Fart > i HH314 S S ¥ OEREOSF > 38 ¥ BEFREE & L 3 &= W S S 5 £ & Z238238S80easS LA 88 EenB88Baa ool va WIEEEuSiee’ LR BT & ZaredaSseeunSeesPeiiseeigeenia gy e $358 Gl JESITIIEFE P RSE Laa W : aatBagel L N E 2555 2243 i Am & e ur Corp Am 6%2% vest Tr Associates Ty Y Invest Tr of tor: WA S 3 S 253B2NB2LT2 25322 S58e3aSronnss & =gaS o Mohawk Invest uf Invest Ti Muf Nation W National Tr_fiars NY 0 ol ot n omz"l 2 Secur _Corp ‘6% 1it ‘bt Selected fitome oot wd Besr 3003 Sk 4 ER— S T — CESEE FEFE FE oy 5 culty in Arriving at a Defi- caused by both public carrier and pri- vate hkhflr operation. In ne taxes Mr. Cass believes there should be equality of treatment in taxes, and fees for registraf and license plates, from which starting point “additional proper charges may be assessed against public motor car- riers for hire.” ‘The “rates of motor brief declares carriers should be fixed at levels which will provide a fair return on invested capital after taxes and operating costs, under honest, efficient and economical management, have been pa! Declares Business Volume Steady. NEW YORK, June 15 (#).—E. A. Cudahy, sr., chairman of Cudahy Pack- ing Co., said the volume of business of the company is holding up well this year and he feels “justified in saying that no change will be made in the cur- rent dividend rate of $4 annually on the common stock when directors meet June 19 for action on the next quarterly dividend.” H: added that the company is making money on present prices. The €ommon-Sense Investment North' American Trust Shares, the leading fixed trust, offer safety good return ‘marketability growth in value KNAPP & CO., INC. INVESTMENT SECURITIES Washington Office Shoreham Building Phone Metvopolitaw 1522 Invest Your Money Where True Safety and the Maximum Earning Power is Assured First Mortgage Py Securities Conservative investors who wish & _permanent investment with the maximum earning power should invest in Guaranty Pirst M e Securities. They are spoi and guaranteed by this corporation. EARN 6% Denominations as low as $100 Monthly Payments 1f Desired Send for Booklel, “The Success Plen” " REALESTATE - MORTGAGE & GUARANTY CORPDRATION 1610 K St. N.W. National 1403 Open Until 5:30 P.M. Today We'e Ready 1o Contribute —to the thoroughness of your vacation, by acting as Your General Agent, for any desired period. Our Trust Dept. will ‘Supervise your Inwvaes ments, Collect Incomaey Pay Fixed Charges, Taxes, Insurance, gigs —relieve you of all such business details. Conference Invited TRAVELERS' CHECKS & LETTERS OF CREDIT M etropolitan Fifteenth Street National t1 5 Tates 1n dollars based on last quarteriy or semi-an nual payment. *Ex dividend. {1Partly extrs. IPlus 4% in stock. aPavable in cash or stock. bPayable in stock. e Adjustment Cotton, steady: less favorable weather. gf:: easy; poor spot demand. Cof- R 5 28! ik Sugar, fee, higher; firm Brazilian markets. CHICAGO, June 15 (#).—Wheat, eas! increased arrivals new wheat. Corn, barely steady; favorable rains Kansas. Cattle, steady to lower. Hogs, lower. CHICAGO STOCK MARKET By the Associated Press. CHICAGO, June 15.—Following is the complete official list of transactions in mcn on the Chicago Stock Exchange ne; e (E, 4 Burnham Trad LTI N &SR i Bonddsalando! I3 SRR 8.2, EaSusBunwe! a S RS E ST (S PO T O F B33! R o FEEF & .:g:gss.. w T 88, c2sgye.; % E8.casuus. [ -:E 558 FFET R g‘.(.:;s 3 Bt s F 23z ol e OFSF 2roBubalBua B FESF SRS bt 2t 3 H Int Petroleum (1) Int Utilities A (3 N AN % 10% 33 33 33 dividend. fPlus 5% in stock. stock. JjPlus 3% in stock. .k Plus 10% in stoek. m Plus 3% in stock. nPlus 8% in stock. D Paid last year—no reguiar rate. ¢ Plus 6% in stock. b Plus 1% in Special Dispatch to The Star. BALTIMORE, Md, June 15.—Pota- toes, white, 100 pounds, 1.00a1.40; new potatoes, barrel, 1.25a2.25; beans, bush- el, 50a1.00; asparagus, per dozen, 50a 2.25; beets, per 100, 2.00a3.00; cabbage, bushel, 1.40a1. carrots, 3 2.5082.75; celery, crate, 8.0029.00; egg- plants, crate, 1.50a4.00; kale, bushel, 10a25; lettuce, bushel, 15a40; lima beans, bushel,*2.5084.00; peppers, crate, 1.50a4.50; onions, crate, 75a1.25; spin- ach, bushel, 15a25; rhubarb, per 100, 2.00a4.00; tomatoes, crate, 50a2.00; apples, bushel, 75a2.50; per box, 2.00a 2.50; cantaloupés, 1.00a3.25; grapefruit, box, 2.5084.25; box, 1.50a2.50; M‘D’uv strawberries, quart, 7al5. Dairy Markets. 36; old hens, 20a23; Leghorns, 12al7; roosters, 12a15; ducks, 17823; Guinea ;cswh each, 50a75; pigeons, pair, 208 Eggs—Receipts, 966 cases; current receipts, 17. Butter—Good and fancy, creamery, 22a25; ladles, 17a18; rolls, u-;‘l; pro- v | cess, 20a21; store packed, 14al Hay and Grain, Wheat—No. 2 red Winter, export, Y%: No. 2 red Winter, garlicky, spot, June 80%. Corn—No. 2 domestic, yellow, 70a71; cob, old, 3.50. Oats—White, No. 2, 38; No. 3, 37. Rye—Near] 50a5: Hay—Receipts, none. While receipts of hay are ample for all requirements, there is no surplus of heavy clover mixed being offered. Such grades will bring a permium of $1 to $3 a ton, on the amount of clover. Fair to rangss from $24 to $26 per ton. Live Stock Market. Cattle—Reoceipts, 300 head; light sup- ply, market lto:,dy. Steers—Choice to prime, none; good to- choice, 7.2608.00; medium to good, fair to medium, 5.75a6.50; 5.25a5.75; common to S anisy 7 S0a175; heavies, 6.2527.00; medium, 7.50a7.75; roughs, 4.75a6.00; light pigs, 7.00a7.50; pigs, 7.50a’ Calves—Ré&ceipts, 450 head; light sup- ply; market steady; calves, 4.00a4.85. CHICAGO LIVE STOCK MARKET CHICAGO, June 15 (P (United States Department of mnr; bulk, l'm-zsi‘;.e :I_;‘g! top, 7.00; 250 soWs, an A ds, 5.1085.75; _slaughter By and choice, 100-130 pounds, ot RS e, aire, 228 ; few specl s and yearlings about steady; others weak to 25 lower; butcher ‘stock weak to 25 lower; bulls steady; better grade rs steady; grassy kinds unevenly lower; few yearl- ings 8.75; medium weight beeves, 8.60. Slaughter cattle and vealers—Steers, and choice, 600-900 ds, 7.758 900-1,100 pounds, 7.5029.00; 1,100~ 1,300 pounds, 7.25¢8.75; 1,300-1,500 and pounds, 7.25a8.75; dium, 5.25a7.25; cows, 4.75a6.25; common AN 4.50; low cutter and cutber, 2. bulls luded) oo | i and_feeder 3 choice, 500-1,050 pounds, 6.00a7.50; common and medium, 5.00a6.00. Sheep—15,000; fairly active; DIVIDENDS DECLARED NEW YORK, June 18 (P)— Cons Min & lnfll‘;'a' we July ii Juné 33 SILVER QUOTATIONS. mfil‘. June ll'(‘fl;“-.u siiver New York Cotton Special Dispatch to The Star. NEW YORK, June 15.—The cotton market continued to display consider- able steadiness today and after a lower opening recovered nearly $1 a bale and ended & point higher to a point lower than on Saturday. foreign prices, the demand from trade ; | scurces maintained values on an even keel. Spots were unchanged at 8.65. 99 By the Associated Press. NEW YORK, June 15—The volume of buying in New York wholesale ap- parel markets went ahead last week under the impetus of heavy purchasing for promotional events. Popular price dise moved in quantity in both men’s and women's wear flelds. Dresses ders, as di silk, linen and shantung. Beach pa- jamas*and related items were excep- ate. B mmen ™ Tl B R Stocks. NEW YORK, June 15 ()= n.'?ignon:d“ . 03-.— : Delaware, o B! FFFIRIA 390803323 ;-z;u;.::..ssz-....._z.»_.=. TS H LR #53 cHEr] 19 e TR g O s 3 D fe e 2% Sers g 58, 0OR! £33 320! 8gzeee 5 cl i EiRren 3 2 2 v £ e 2 i3 i 7 ouog i osEes 2238 58! §E§§ 4 2! i 144;;;&::5 S fore H 2% Zu>®, o Ei;_'i;s i VDRI RTT G0N W S i B e W 85382238233, 2 FEEREE 2823282288333 & FEFESEEE & vaE 555 3 38838 * 2298855388 ! SR Sesessznesases FE OFF = FIS 4 G & | PElen Tk P 28! L TREASURY CERTIFICATES. (Reported by J. & W. Seligman & Co.) Rate—Maturi 2%s Sept. 15, 1931 100 14-32 7-33 00 18-32 1'a2s Se 1043 1%s Dec. . BALTIMORE STOCKS. Special Dispatch to The Star. 72 | BALTIMORE, June 15— Sales. BTOCKS. 1130 Baltimore Trust Co..... 90 & P Telephone Baito pfd. lidated Gas com - r Pire 53 & 33353 322831 338225783878 28 885282325 2! W 100 $0-32 101 17-33 11 2014 10 " 33 % 288338 ter & 883, Pidelity & Gul HE Western Maryland Dairy pfd. BOI . % | 2000 United Rwy & flfm . z... e 38253 2sannsus ST i .____ 4 PR ¥ The safest buy in Washington is a used Hupmobile from MOTT MOTORS, Inc. 1520 14th St. N.W. Dec. 4341 9823822 S52es3s! & ESRE e 22823 FERSERS 238 £F S8 EEX W 88282223238 #E 58 ¥ 388258 = # 5 ERMANENT <3 Opposite U. S. Treasury We Give Property Personal Attention property—apartment house, gesidential, office building or business—we make a careful survey of it and a minute analysis of its expense and income. It's the bringing of these into correct relation, as well as the assumption of every detail of man- agement, that makes our service so valuable that you find us acting for a long list of satisfied clients. wPON taking ‘over the management of your Prompt remittance ' is the invariable rule of this office RANDALL H. HAGNER & COMPANY Public Service Corporation of New Jersey £ $5 Cumulative: Praferred Siock (Non Callable) Checks for dividends, payable quarterly, mailed to registered 7 holders. - Listed on the New York ~ Stock Exchange Price $99.50 per share / Am;.M"chlfi With Us to/elér Poyment SH Unil July 1, 1931/ ALEX. BROWN & SONS BALTI ;