Evening Star Newspaper, June 17, 1931, Page 14

CAL14 wER GETS PATENT 108 FOR NINTH YEAR Columbia Planograph Co. Is i Awarded Contract for Reproductions. he Columbia Planograph Co. of this clt’; bas been awarded the contract again for reproducing the drawings of the weekly issue of patents, reissues and designs for the United States Patent Office for the fiscal year 1931- 1932. 'This is the ninth straight year the company has been the successful ccmpemor for this business, g to John A. Eckert, its president. The drawings turned out at its plant, 50-54 1, street northeast, illustrate and, w their specifications, describe patentable inventions whtl,ch w;\‘fa in past times onstrated mode] de"Tnhe Patent Oytm:e under direction of Commissioner Thomas =E. Robertson and his corps of assistants, prepares for reproduction an average of 300 pages of illustrations daily. The successful contractor must be prepared to Te- produce these promptly and to furnish roofs thereof within a few days of Icl:elpt wing to the ge by Congress in 19300 OKB the p)lg:.“p.lhenl act, the re- FINANCIAL. THE EVENING STAR, WASHINGTO! NEW YORK STOCK EXCHANGE Recelved by Private Wire Direct to The Star Office. (Continued From Page rnv 1081~ stock and Sales— Low. GI'A 17 B'A it 100 | 5% Tennessee Corptble) 18 Texas Corp (2)...... 20% Texas G Sulphur (3). a 9% Thatcher Mfg (1.60). 4 Thermoid Co. 5% Third Avenue. 16 Thompson (J R) (1). 3% Thompson Starrett. . 4 Tide Water As (60c). 88 Tide Wat As pf (8).. 5% Timken-Detroit Axle 32 Timken Roller (3)... ' 10% Tobacco Prod A t95c. 1% Tobacco Products. .. 314 Tob Prod div ctfs C. 6% Transamerica (1) 6% Tri-Cont Co! 13.) o-Prev. 1931~ 20% 10% U 36% 17 U 98% Va Elec 26 Warner ‘Warren Warre Wi w ubber 1at BFA. » 162% 8814 U S Steel (1) b (3) 19% UHI'P&L A (et2.15). % Vadasco Sales Corp. 23% Vanadium Corp’ 1 71% "38% Vulean Det ¢4)% 1308 Stockand figh. Low. ' Dividend Rate. Add 00. 36% 13 BB ety & xmn(!) Rubber. 1 Low. Clos: 16% 16% 11 11% 114 11% 22% 22% 22% 885 88% 90% ll?fi lll‘nf 141 % 4 aT% 38 39 134% (34% 22% 28 23 % 1 23 % % . 16 & Pwr Dt(l) 108 30% 20% 29% 30% 108% 108¥106% 105% 45 43% 4% 12 % Bros pt Bros (2 s cvpf (3).. 108 Fdy&P (2). 5 O&Snpt (4).. Pa EI pf (6 PaElpf(7)... Pa Pow pf (6). 108 Pa Pow pf (7). 30s rn Dairy B. Westing EI&Mfg (4). 522 Westing E&M pf (4).150s Wextark Radio Strs.. White Motors (1). White Rock Ms 143, Willys-O - Wlllyl-ovo\‘ D! M.. oo 0L ASY oK = ON HIGHER LEVEL Better Character of News From the Reich Aids Dol- lar Obligations. BY F. H. RICHARDSON. Special Dispatch to The Star. NEW YORK, June 17.—With fore] mwl todsy giving more favorable preserving of economic order in Europe, most dol ‘bonds out- stang lt-lm t.ha Austrian tral European nations ‘Wall Street’has an increasing faith in the .blmy of chmullor l!ruen!.n( w pun ich throulh thn |¢n 'MJ untflln cabinet to ‘ummae all liabilities of the creditanstalt was hail- ed as constructive news. The Soviets' xpressed that & red revolution is by the lnenc o G:h“ ny"v‘: kmem a e between ce and Soviet Russia is near conclusion. German government 5%2s and rep-n- tions 7s were heavily bougm, early % | trading and rose about 2 points. These gains were subsequently nh-ded under profit-taking by those who bought these bonds at their lows, but a good demand was in evidence even when the offer- WEDNESDAY,: JUNE 17, 1931.° FOREIGN BOND LIST mBONDS:I NEW STEEL ALLOYS eived by Private Wire Direct to The Star ,UNITED STATES. : (Bales aze in n.uu !alb 3% 3247 Lisi 32-4 3114 ‘ 114 i Alleg Corp 58 . 15 Am AgCh %841, 9 Chain 8 0. 1 Am 1GCh l%!"’. 20 Am Met; ‘34 AmNo--fln'n.. Am B&R 1nt b8 47, Argentine s B Arm & Co 4% Arm Dcli'n 'dl Higt . 21 10221 102 l. 1 114 Low. Close. 62~ 103% 9% A IntT&T %53 1at T&T cv 4383 [ALT&T bas5. Italy 78 * Japanese 5% s ° Japaness 6% Jugosl Bank 78 '57.. 1 s kcxau.\u-'u.. 1 Kan CFtsaM ;g% KKan City Sou 58 '8 l 102% 104% 129% 108% Kan City Ter 436 KanG& E ¢%8'30. Karstadt 69°43. Kreyg & Toll bs 17 37 FINANCIAL.: 100% 8, M 'lfl I‘lli % 84% 9% 8% 97 106% 8% 104% 104% % K 7 ") AREINDUSTRIAL AID |Non - Corroding Substances; Prove Popular—Other ¥ Specialties Noted. BY CLAUDE A. JAGGER, Associated Press Pinancial ww— NEW YORK, Juue 17.—The steel industry, struggling along at 40 pu cent of its cll;-‘dty. lu.ls ;;boumt roding alloys is one phase of the indus- try that has eounnued m mnke nurked “"ggz l&ut of the ‘making them in this coun- try has prob-bl! doubled in the past 18 months, ‘While tonnages are still compara- tively small,” he explained, “the go-lllr volume s fairly aubsunual as the non- corroding alloys are high-priced.” Becomes Specialty Business. Mr. Sheldon, said great strides have been made in fabricating these alloys in fl‘l! it two or three years, although cing company this year must be pmduredcto Xlll’l'nhh prints in colors. All uppllcntlons for patents on new varieties of plants in which color is an essential variation or characteristic for Und-Ell-Fisher (5).. Union Bag & Paper. . 1 re still difficulties to be over- Union'Carb'& C 2.60. 188 m steel Industry,” he added, “is be-~ coming a business in specialty steels. The engineer tells the ngel mill what 2 59 5 95 106% [ 113% | Mckes & R5%n 50 15 7 Manh Ry 1st 45°90 16 97% | Market St 7s 875% | Marseitie ings were heaviest. German munici- pals, industrials and public utilities followed the mernmznt group. Aus- % 684 ‘Woolworth (2.40)... % Worthington Pump.. atentability must be accompanied by gnwlnxs lny color. This is & departure from rules existing hitherto, 111 draw- ings having been shown previously in black and white only. In addition to} the necessity for entirely adequate equipment, the successful bidder for this contract must possess the entire confidence of the Patent Office, inasmuch as the reproduction of these illustrations must of necessity be per= formed before the issue date of a patent. Baltimore Markets Epecis] Dispatch to The Star. BALTIMORE, Md, June 17.—Pota- toes, white, 100 pound:. 1.00a1.75; new tatoes, barrel, 1.25a2.50; beans, " asparagus, per dozen, .5082.25; per 100, 1.5022.00; cab- bage, bushel, 1.00a1.50; carrots, per 100, 3.00a4.00; eggplants, crate, 1.50a4.00; kale, bushel, 25a30; lettuce, bushel, 20a50; lima beans, bushel, 2,5023.00; peppers, 1.50a4.50; onions, per 100, 75a1.00; spinach, bushel, 25a30; rhubarb, per 100 2.0024.00; potatoes, crate, 75a2.00; peas, per crate, 75!1 25; apples, bushel, 75a2.50; per box, 2.00a 2.50; cantaloupes, per crate, 90a3. 25 grapefruit, box, 1.50a2.50; oranges, hox, 2.50a4.75; strawberries, quart, 7a15. Dairy Market. Poultry, allve—Chickens, young, 20a 35; old hens, 18a22; Leghorns, 12al7; Toosters, 12al4; ducks, 15a22; pigeons, | in pair, 20a25. Fggs—Recelpts, 2,182 cases; current receipts, 16. Butter—Good and fancy, creamery, ladles, 17a18; rolls, 16al7; . 20a21; store packed, 14a15, Hay and Grain. ‘Wheat—No. 2 red Winter, export, no quotation; No. 525 red Winter, garlicky, ot, 85; June, Epcmn—l‘lu 2 domestic, yellow, 70a71; b, old, 3.50. tuOl!b—White No. 2, 37a38; No. 3, 36;.37 Nearby, 50a55. e—Nearby, sz—ReoeipLs none. ‘While receipts of hay are ample for all requirements, there is no surplys of heavy clover mixed being offered. Such grades will bring a premium of $1 to $3 a ton, de- pending on the amount of clover, Fair to good timothy ranges from $24 to $26 per ton. . Live Stock Market. Cattle—Receipts, 50 head; light sup- ply, market steady. Steers—Choice to prime, none; good to choice, 7.2528.00; medium to good, 6.50a7.25; fair to medium, 5.7586.50; plain to fair, 5.25a5.75; common to plain, 4.50a5.25. Buils—Choice to prime, none; good to choice, 5.00a5.50; medium to good, 4.5025.00; fair to medium, 4.00a4.50; plain to fair, 3.50a4.00; common to Ppiain, 3.0023.50. Cows—Choice to prime, none; good to choice, 4.5025.25; medium to good, 4.0024.50; fair to medium, 2.50a4.00; plain to fair, 2.50a3.50; common to plain, 2.00a2.50. Heifers—Choice to prime, none; good to choice, none; medium to good, 6. 6.50; fair to medium, 5.5026.00; plain to fair, 5.00a5.50; 'Pr h cows and Springers, 30.00a 60.0( Sheen and lambs—Receipts, 200 head; llght supply; market steady. Sheep, 1.00a3.00; lambs, 6.0029.25. Hogs—Receipts, 150 head; light sup- ly; market higher. Lights, 7.55a7.95: genvtes 6.50a7.50; medium, 7.55a7.9: roughs, 4.75a6.25; light pigs, 750!’17 pigs, 7.50a7.90. Calves—Receipts, 50 head; light sup- ply; market steady. Calves, 4.00a4.85. Buying for Profit BY GEORGE T. HUGHES. Two years ago no one had a good word to say for the preferred stocks as an investment. It was a hybrid in! the phrase of that day. lacking the | security of a bond and the speculative | possibilities of a common stock. If one | wanted safety, it was argued, one should buy something on which payments were | a fixed charge, . preferably something | whiclt had a lien on' tangible property. If one wanted to be a partner in a prof- itable business—and all American busf ness was profitable and would continue £0 indefinitely, according to the view then prevailing—one should take common stocks, and nothing but common stocks. So, ‘while the great bull market was in its final upward whirl, preferred is- sues slowly sagged pnd were left to those old fogies W] were hopelessly out of date. Well, times have changed. Common stocks have lost their luster. Somehow they do not look so attractive as they used to. The arguments in thelr favor are just as sound as they ever wm, but they are not as con- wvinein, Pre!en'ed stock is now coming into| its own. If one looks over the list of “new lows and new highs” on financial page, as a rule it is the pre- ferreds which make the new. highs and the commons which make the. new lows. Curiously enough, there is a lack of | stability. about bond prices which is coni g. The United States Govern- ment is still able to sell its securities at the highest Ymu ever obtained with corresponding vields to the buyer and there are a select group of railroad and public utility mortgages - of t.he kind the savings banks are allowed to buy which hold up their hn‘:d. pm':uoyr But anything of a secol grade - is._ depressed, even middle not quite as much as the eommnn stocks, but en?nzl';w create doubt in me investment m: e nnly kind of ucurlty 'hlch com- { b, 1d ? ot m’“‘r‘!— m:nt, u ef y. and marl A is the besf 51‘: ferred common to plain, | Unit Corp (75¢) Unit Corp pf (3). Plpe & F (2)..... P &F 1st (1.20).. 15% 5% 13% 11 payments based on in stock. §Payabl no regular rat {Flus % in_stock. 1 Plus- 80c 4 18% ll% Worth Pump A (7). Wrizley (Wm) (4).. 6% Yellow Truck. 2% Zenith Radio. Zonite Prod Corp Sales of Stocks on New b Payable in stock. & Plus 6% in stock. I preferred stock. Yo retn.so recdiar tate, 8 i % 15 stock, DI TR - |being in the Brazillan group, h | small gains a) *Unit of trading less than 100 shares. Paid last year— ¢ Payable in cash or stock, hPlus 2% in stock, k Plus 3% in stock. m Pald CORPORATION REPORTS TRENDS AND PROSPECTS OF LEADING ORGANIZATIONS NEW YORK. June 17.—The follow- ing is a summary of important corpo- ration news prepared by the Standard Statistics Co., Inc, New York, for ihe Associated Press: News Trend. Current reports from the steel indus- try lack indications of a favorable turn in production. Ingot output has again receded, this time to 38 per cent of capacity, as compared with the esti- mated rate of 40 per cent a week ago, according to Iron Age. Contributing to the decline, leading steel centers, such as Pittsburgh, Chicago, Cleveland and the Wheeling districts, all report low- er rates of production. The belief has been expressed that the direction of the rate will be unchanged with a possibil- ity that the low operating rates of l«st December may be duplicated between now and the end of July. Although revenue freight car loadings increased 49,956 to 760,890 in the week ended June 6, a seasonal recovery from the preceding holiday period was in Hne with past performances. The total, however, represented a reduction of 174,692 from the similar period of 1930 and was 294,878 cars below 1929. A considerable drop was shown in cars loaded with coal and smaller declines were reported for coke, grain and grain products. Contrasted with an earlier estimated decline of 30,170 barrels in daily aver- age crude oil production, the American Petroleum Institute puts the reduction at 11,350 barrels for the week ended June 13, which makes a less favorable com- parison with the drop of 12,800 in the preceding period. Gasoline stocks at refineries representing 94.7 per cent of the total capacity moved favorably with a decrease of 815,000 barrels, whereas the production of cracked gaso- Ithe during the period increased from 3,073,000 barrels to 3,125,000 with re- fineries operating at 67.5 per cent of capacity. The Companies. American Home Products—Approval 6.60a | Biven for purchase of Wyeth (John) & Bro, Inc. American Smelting & Refining 50 cents quarterly common dividend; for- merl{‘oram $1. lyn-Manhattan Transit—Board of transportation assumes charge of unification negotiations. Bulova Watch unfilled orders above year ago; billings slightly lower. Canada Dry Ginger Ale year com- mon dividend of $3 nearly earned in first eight fiscal months; last four fiscal months general provides about 40 per cent of annual profit. City Ice & Fuel—H. D. Norvell, presi- dent, died June 16. Consolidated Mining & Smelting of Canada to purchase treasury stock of Pacific Coast Terminals. Fashion Park Associates May net sales off 17.4 per cent; five months off 19.6 per cent. Ford Motor current factory force .at Detroit _above 79,000, several hundred above week ago, but 5,000 less than peak in April. General Foods first five months earn- ings at level of year ago; has effected savings of about $500,000 annually through reorganization of sales forces. Hamilton-Brown Shoe seeks dismissal of receivership, purpose of which has been accomplished. Interborough Rapid Transit—Board of transportation assumes charge of unification negotiations. International Telephone & Telegraph —Officlals decline to comment on report that company was to acquire 600,000 class B shares of Ericsson (L. M.) Tele- phnne \elephnne conversation recorder -be placed on market shortly. Llnk Belt Co. declares 50 unu quar- terly common dividend; paid 60 cents formerly. National Railways of Mexico—Re- ported planning passenger and freight rate cuts to meet bus competition. Nevada Consclidated Copper—I. C. C. places recapturable of Ne- veda Northern Railway, sul 1$1092,553 for 1922 to 1927. Pacific Finance 22 cents tion, the | quarterly common dlvidend. formerly paid 33 cents. Pacific Gas & llecma—aeeh more | time to complete exchange of preferred stock for preferred' shares of gag Poxr and 100,951 shares own common Philadelphia n-pid 'rnnnt directors take no common dividend !hd:o-xenh heum-— closed to come, ous public utmuu and of time-tested industrials are the most dellnble in- vestment for all ol \u. sion of dividend orrunm]y paid July 1 thought probable. Briggs Manufacturing enhmng put as result of increased demant Chrysler Corporation. Chrysler Corporation April retail de- liveries of Dodge Bros., subsidiary, of passenger cars up 22.6 per cent over March, 1931; increasing orders for Ply- mouth bodies. Pranklin (J. H) Mlnuhctuflng plant | operations resumed with 1,800 men. Hackensack Water March quarter common share earnings, 74 cents, | against 74 cents, \ International Cigar Machinery ob-| tains German order for over 150 Rou-{ mould cigar machines. Katanga Copper denies it plans to reduce production, which is averaging 10,400 tons & month; earning profit at | present pri Missouri-Kansas-Texas Rallroad ex- pects to re-employ a number of men | for Midsummer wheat harvest in Texas and Oklahoma. nsport out- !rom | Pan-American Petroleum & Trai subsidiary, Mexican Petroleum, Ltd., of Delaware, omitted dividend on common stock; paid $3 April 20. Ritter Dental Manufacturing 3715 cents quarterly common dividend; formerly paid 62!, cents. . Telautograph Corporation common share earnings, 5 months to May 31, 66_cents vs. 62 cents. United Afrcraft & Transport—United Airlines, subsidiary, carried 2,832 pas- sengers and 416,099 pounds mail in April vs. 2,136 and 391,158, respectively, in March. General Water Works & Electric | passes quarterly dividends on $7 and $6.50 preferred stock; last quarterly payments made April 1. Adams-Millis Corporation flnl.shinx plant to be built at High Poif®, N. British Investors, 6 cents qul terly dividend; Iormerly paid 9 cents | bimonthly. Continental Motors deficit, six months | to April 30, $851,266, against deficit | $884,288 in 1930. General Fireproofing operations at 70 per cent of capacity. eral Steel Castings March qua ter deficit, $532,717, against net income $636,152, equal to $1.07 common share | in_1930. Holland Furnace had 576 branches June 8, against 531 year ago; stock- holders on same date numbered 1,400. International Railway * Co. March quarter deficit, $35,133, against net in- come $63,929. Lake Foundry & Machine common share earnings, six months to April 30, 1 cent, inst 12 cents. New gland .Telephone & ‘Tele- graph — $2,966,930 improvement ap- propridtion approved. Pittsburgh Screw & Bolt declares 173, "cents qulrterly common djvidend; paid 35 cents previously. Rand Mines, Ltd, 2s interim divi- dend; paid 2s 6d a year ago. Sweets Co. of America common share | earnings, five months to May 31, 55| cents, against 37 cents. ‘Texas-Louisana Power passes pre- ferred dividend; paid $1.75 April 1. ‘Tri-Utllitiss Corp. stockholders reject | plan for creation of participating stock; common dividend declared payable July 1.‘l ;n participating stock will not be paid. Columbia Gas & Electric.—Authority to intervene in foreclosure proceedings sought by minority stocks of Kentucky Fusl Gas Co. and Inland Gas Corp., | indirect subsidiaries. 5 gu on Otis Elevator—Yonker’s plant four-day week against five day fore; Quincy Works also on tour—dny week; Buffalo and Harrison ‘working five days. P\lbllt Service of N. J., May gross up fir cent; net affer taxes and de- tion up 5.5 per cent; 12 months mnt up 0.5 per cent, net up, 5.4 per cent. U. 8. Steel plant operation below 39 per cent of capacity against per cent in previous week, 42 per ceht two ‘weeks ago, 72 per cent in 1930 week, 100 per cent in 1929 period. PROFESSIONAL TRADERS HOLD TO BEARISH VIEW Speclal Dispatch to The Star. NEW YORK, June 17.—Failure of fthe stock market to continue the ad- vance and to broaden out makes for more bearish feeling among the pro- fessional traders. They talk much of the fact that stocks have not been able to get through previous high levels and maintain their position in the upper price areas. Since last Wednesday there has been resistance to all efforts in putting prices up, and, 'while the | settlement, Brokers’ Comment By the Assoclated Press. NEW YORK, June 17.—Brokerage house sentiment was mixed today. Dull- ness of yesterday's stock market ap- peared t ogive little clue as to the imme- diate trend, although the resistance that developed in the late trading was re- gnrded as encouraging. Comments fol- Pnlne ‘Webber—On the whole we are inclined to expect a moderately lower | level in the next 10 days. gk Hents & %m lull but firm. a d into a narrow trading ruts from which it will emerge as favorable developments materialize and confidence is restored. Lamborn Hutchl.n(h'!‘he immediate situation continues somewhat uncertain. Should stocks fail on this current recov- ery to pass the recently made tops, there is little doubt but that professional traders will attempt some selling pres- sure. Many stocks look as though they will not be able to improve on these tops, but even if they should there will probably result sufficient profit-taking to spell the end of the rebound which started approximately two weeks ago. E. F. Hutton & Co.—The stock mar- ket is naturally sensitive and erratic at such a stage and it will be some time before enough confidence will return to give it more stability. However, we feel |a gradual creeping movement is ahead of us and that the way is clear to allow individual issues to discount construc- tive influences in their own situations. Winthrop, Mitchell & Co.—Until it Pot. becomes clear that certain pr financial problems now faced in several | o, | European countries give fair promise of we do not look for any strongly, sustained rally in the domestic stock ket—though clearly our own inurnll situation, both business and | marketwise, is now on the mend, or is eagerly awaiting a favorable moment to begin that long-designed process. Given any indication that foreign mat- ters likewise are improving, we believe the two-year depression could turn overnight. Jackson Bros., Boesel & Co.—Among the factcrs which are likely to discour- age organized buying are the many dis- eppointing repom for the second i ter which will soon coming However, lhould the rallroad group 10?!! ahead again on rate developments, as they did last week, it is prohobl: that this influence would more than coun- teract the effect of poor industrial earn- ings and possible further dividend re- ductions and omissions. Redmond & Co.—The market ocon- tinues to show fairly good resistance to : bad news. Emanuel & Co—Should leading stccks be able to carry through last | Geo week's resistance levels on the upside on volume we recommend re-entering the market on the long side by taking on moderate lines of active leaders on slight recessions. Hornblower & Weeks.—At this stage we shculd make the market prove itself rather than anticipate it, and until the market indicates it is ready to renew its advance by selling into new high terri- tory we would either wait for this de- velopment or limit any trading commit- ments you might care to make to pe- riods when the market is reactionary. ‘There was a flurry of selling in Japa- nese issues when a brief cable item from Tokio reported a severe earth shock, which caused -widespread alarm, but was sald to have effected little property damage. Toklo 5!2s, Japa- nese sl 28 and Yokohama 6s were off as much as & point at one time, but the losses were later retraced. South Americans were quiet. the only activity where red. Australian is- sues were unchanged. Domestic bonds were irregular. Parts of the junior railroad group improved, notably Missouri-Pacific 5s, Erle 5s and St. Paul S8s. St. Louis-Southwestern Consolidated 4s jumped nearly 4 points and are now about 12 points above the 1931 low. On the other hlnd St. louh- San Prancisco issues di prior lien A 4s drovpln* 11 pol.m.l lt nfie time and the 41:s losing fraction ally. 6s, maturing July 1, are again sell!n, below par reflected the postponement of official announcement regarding their refinancing, Lhough it is generally un- derstood that it_has been arranged. ‘There was a brisk inquiry for high- grade corporation bonds such as Amer- ican Telephone calllunl 5s, Atchison General 4s, Bos aine S5s, lyn-Manhattan 'rmun 6s, Cana- dian National Railways 5s, National Dairy Products 5}s, New York Cen! 412s, Pennsylvania 5s and Youngstown Sheet & Tube 5s. U. 5. TREASURY BALANCE. ‘The United States Treasury balance announced today as of close of business June 15, was $31482,626.32. Custcms receipts. for the month to date were $14,178,937.33. Total ordinary ex- penditures, $24,684,602.69. HEADS BOND CLUB. NEW YORK, June 17 (#).—G. Munro Hubbard, vice president of J. G. White was elected president of the Bond Club of N. Lin New York, succeeding George idsay, who has headed the club for the puz yu Washington Stock Exchanue SALES. (:npt .';uct. 55—$1,000 at 831, $4,000 Al Wash. R. & E. 45—$1,000 at 9035, Cap. Traction Co.—10 at 35, 10 at 35, 10 at 35, 20 at 35. Elec. 512% pfd.—10 at 110%;, 10 at 110%%. P, Traction Co—20 ag 35%, 10 at Wash. R. & E. pfd—10 2t 8% Lanston Monotype—10 a Mergenthaler Timotyme—3 ot 16%%. AFTER CALL. Wash. Gas 65 B—$200 at 104%. ‘Wash. Gas 6s A—$200 at 1013, $5,000 at 103'/‘, llW at 10135, ‘Wash. . pld.—10 at 98%, 6 at 98%, 4 lt 110'/2, 25 ll 110" Colbohn%‘& Gravel pfd.—100 at 95, Amer. Tel. & Tel. 4'4s Am. Tel. & Tel. ctl. tr. ostia_ 48 Pot. R. & Pot. gusr C. & P. Tel. of Capital Tra Sy & Suby as st Potomac Elec ¢ Potomac Ilmm os 1653, M¢, Vernon éif! Washinaton Gus 414 Washington G . 6s, A Wash Oas 6. serics B Washington Rwy. & Elec, MISCELLANEOUS. & Ross. Inc. Barber & Ross, Inc, D. C. Paper Mfg. 6s. Wash. Mkt, Cold Storage 5¢. The market has been moving within & | Amer. Tel comparatively narrow area for the past week, and it may be that this movement | N. 't will take the place of a more substan- u.n reaction, especially if short selling | s has occwrred in sufficient volume to im- prove the. market’s technical situation. AUTOMOTIVE EXPORTS . com. & El ptd. (8) NATIONAL BANK. DECLINE DURING APRIL | £fse:ty By the Assoclated Press. There was a slight recession in auto- motive exports during April, l.hlpmenu having a valuation of $19,427,335 or a fledlne of $489,594 from the vious counted ror largely by a mand for trucks and the value of these two cl be- ing noticeably under the figure: for the previous monfh. cars were well mmn. Mw.;nj.:rmm gain over | the higl ‘The fact that the General 5s and | o 1Py, 25 snnmuou- 6., Gan et $otaty 68 Can Nat 58 Oct * h’ n Nor 6% s db Can Nor 7s deb * Can Pac deb Can Pac 43860 Can Pac 68 ctfs "44. Chi & Eas 111 63 a1 Chi Grt West 4s°69. 17 Lmutsuusnc,. . Chi M StP&P bs '76. 12 Chi M &8P ads bn. 65 Chi&NW g 3%s 15 Chi & NW gn 42°87. 1 C&Nwn 4338 ¢ 2037, 6 Chi& NW con ¢%s. 26 Chi&NW rf 552037, 3 Chi & NW ng-'n.. Chi RI&P gn C GasNY 13 95mi10 ConGN Y bisss Con Pwr Jap 6% 36 Cuba Nor 6%s ll.. Del & Hud rt 3. Del & Hud 5%s 37, Denmark ¢ %s °6: Denmark su- 55.. Det Unit 438 '32. Deutsche Bk 6s '32. Dutch East 1 6362, Erie 1st con 45 96, Kriecon 4s A 53 Finland 7 Fisk Rub 8s ‘41 Fram 1 D French 7s 49 French Gvt 7%s "41 Gelsenk’chen 6s 'ua 6 984 | Mo Pac gen 4876, 15 100% 61% 4% 105% 109 114 109% 98% 113% 62% Mo Pac bs F*71. Mo Pac5s G Mont Pow bs Mont Tr 1st 68 '41., Montevideo 78 ‘52. . Mor & Co 1st 4% Nat Dairy 5% s°48.. Netheriands NEngT 1st NOT&MGbYs 'ld New 8 Wales 47 2 693 | Now B Wales 65783 13 103% 103 NYCgn3y N Y Cen N!u-ugfi 13. 12 105% | NY Cen rf 4482013147 98 86% 100% 9% 106 102% 9% 404 96% 106% 101% 103% 34 65% 9% 1% 863 9% 554 54y 78 86% 98% 104 691 53% 100% 9Th 99% 106% 984, 99% 9 106% 864 6% 81% 82% 108 MY GI% 1% 170" NYCreim bs Nor 8t Pw 5s A "61. Nor 8t Pw 63 B 41, Norway 583 °63. Norway 5%s Norway 6s°43, Norwa: Ore; Oricht dev 5% Orient dev PacG & K1 Pac T&T Paramount 6 Paris-Ly M 6 Peru s '61 Phila Co Pnila & Read 65 ‘49 Philllp Pet 5% 39, Pllish F M 63 '43 P CC&StL ¢ %877, PCC&StLssB.. Poland Port Gen El 4 Porto Alegre 3. Por RTam 6s Prague 7%s '52. Prussia 65 5 Public Serv 4s *71 Pub Sv G 4%8°7 n.unau-rn . Rhine West Rich Ol cal Sao Pauls Sao Paulo Sao Paulo $3 Saxon Pu W 6%s°61 Saxon T8°45 Seab A L rf 48°49. SeabA L e Berbs-Cr-S1 78 Serbs-Cr-Sl s Shlnylllll $%s 62 Sinclair Ofl §%8'3 Sinc O 18 cv A'3T.. " aGa n%?uuun-.m-a—uuz he wants the material to do—the strains it must undergo, the tempera- tures it must encounter, the corrosivs influences present, the fabricdting nec- essary—and the metallurgists at the mill see that he gets a material espe- cially adapted to fill all the require- ments. “The metallurgy of steel and its al- loys has progressed far in the past few years. It is sirictly in keeping with the present tightening up against waste all along the line that the knowledge red in these recent years should lied in order that the great degree of efficiency may be at- ed. “New applications for the chromium md nickel steel and iron alloy group are being found constantly in scores of industries. Mr. Sheldon pointed out that there % | are varfous formulas designed Tor spe- v | Cific uses. but that the best known had become the so-called “18 and 8” alloy, mnde under various trade names. ‘The dairymen were the first to adopt this non-corrosive metal, and were fol- lowed by other food industries. The metal won its way through its resist- ence to food acids and cleaning com- The material's exceptional strength, however, soon appealed to the petroleum industry, whm it was em- ployed in gasoline cracking processes. Other Formulas Used. It has since come into use in various chemical industries. Th> metal has re- cently been used extensively for both ornamental and structural purposes by architects. The motor and aviation in- dustries have also become users. Other formulas of the group have made similar progress. The 12 to 15 per cent chromium iron is being used for turbine blades, internal combustion engines, furnace parts and various min- 8% | Ing uses. A formula containing a high- er percentage of chromium is used in large quantities in nitric acid plants. One formula, containing 26 to 30 per cent chromium, resists oxidation up to a temperature of 2,150 degrees Fahrenheit. A more malleable alloy for similar pur- poses contains & substantial portion of nickel in addition to a large part of chromium. z Washington Produce Butter—One-pound prints, 29; ‘tub, 38. !na—l-!ennery. 19a20; current re- -celpu 17218, Poultry, a!!ve-spr|n¢ broilers, 3 pounds and over. 35a36; 2 to 3 pounds, 32a33; smaller, 28a3 lqhoms. la 96% | 24825 small, 20a23; hens, large, 22: 3% My 315 32 63% 89% medium, 20a21; Leghorns, 16a17; roost- ers, 13al4. Dressed—Spring broilers, 3 goundx and over, 38a40; 2 to 3 pounds, 5a36; Leghorns, large, 28230: small, 26a27; hens, large, 24a25; medium, 24a 25; Leghorns, 18a20; roosters, 17a18; dueks, Long Island, 23a24. its—Beef, 14; veal, 14; lamb, 20; pork hams, smoked nhmnders 12; strip bucon al; lard, in bulk, 10; packages, Live stock—Hogs, heavy, soone 75; light and B O Doy '25; loughs, 3.50a5.00; calves, 4.00a 00; Spring umbs 6.0028.75. Fruits — Watermelons, 55a1.¢ taloupes, jumbos, 3.00a3.: 2.75a3.00; ponys, 2.00a2.2! 1.50; honeydews, 2.00a2.2 4.5085.50; oranges, 5.00; lemons, 6.50a 7.00; limes, per 100, 3.00; apples, box stock, 2.50a2.75; peaches, bushel baskets, 2.2522.! -peck baskets, 1.25; cherries, California, boxes, 1.25a2.2 ries, 2.50a3.00; bllckberfles 2.00a3.00: huckleberries, 1.5024.00; apricots, 1.50. plums, 1.50; bananas, 1.25a1.50; pine- apples, 3.50a4.00. Vegetables—Potatoes, new, per barrel, old, 100-pound sz2cks, 1.75a 2,00; sweets, per bushel, 2.00; tomatoes, G-pun crates, 1.50a3.00; onions, Texas, 50-pound sacks/ 1.50; Spring, per 100 bunches, 2.00; radishes, per 100 bunehan 1.50; st.rln: ‘I;e ns‘h 75a1.15; bere1.2881 50; pepvpen‘dooal flower, homegrown, 1.521.50; 32-quart 1 | 35850; kale, $5a50; ‘turnips, bunches, 4.00; beets, per 100 3.00; carrots, crates, 3.00; emhnt, 2.50a3.00; corn, 2.50. POTATO MARKET. , CHICAGO, June 17 (® (United| States Department of Agriculture)— 4 cars old: on track, 332 new, 7 ol United States shipments, 95 stock weak; trading fair; sacked, per| Loutsia) 1.25a1.45; No. 2, .10; North lina barrel Irish Cobblers, mostly 2.50; few 2.40; no sales on old stock. _— Beverages exported from the United States last year were valued at over| $2,135,000. % Un SUW S%a A" ’“6 g ll% UK 9% U 21% 91% 100% 100% UaStIWBk 0th) Po . 2s 63 Utll Pow 6%s°47.. 22 72 Vanadium Stl 5541190 79 v;n Illl | 78742, : :: 4