Evening Star Newspaper, June 25, 1931, Page 14

THURSDAY, IBONDS ARE HIEHER JUNE 25, 1931. [ox v son BONDS srocx sxcanca] Received, by Private Wire Direct to The Star Office UNITED STATES. Sales. High. Low. Cluse are 1n $1.000.) 6 4 108% Hfl\« 2% FINANCIAL. AUTO INDUSTRY HELD: VITAL TO MARKETS Largest Consumer of Six Important FINANCIAL, NEW YORK STOCK EXCHANGE Received by Private Wire Direct to The Star Office. CORPORATION REPORTS GrandTr sf db TRENDS AND PROSPECTS OF LEADING ORGANIZATIONS. m;lEW YORK, Jun: lfi_TC:I:L follow- is a summary of port €Orpo- ration news prepared by the Standard Statistics Co,, Inc., New York, for the Associated Press. News Trend. ‘Electricity production for last week, as reported by the National Electric Light Association, declined to 1,579,185,000 kilowatt hours, & drop of 2,035,000 kilo- ‘watt bours from the previous week and 76,319,000 below the like 1930 week. The reduction from last year in the At- lantic seaboard region was 1.4 per cent; the Buffalo to Milwaukee region, 8.3 per cent, and Pacific Coast, 6.1 per cent. May cigarstte production was 10,447, 680,180, an increase of 146,912,667 over May, 1930, and 720,726,513 below two years ago. First five months production was ahead of any like period in tobacco history. May cigar production was 10.78 per cent balow last year, the only group showing an improvement being the nick2l cigar division, which showed l] 2.44 per cent gain. Manufactured tobacco output was 6.05 per cent below May, 1930, and snuff declined 1.05 per cent. Penns; nia Railroad reduced divi- dend to 75c, thereby placing the stock on a $3 basis, against $4 paid previously. French Cinema Control Commission removed all import restrictions on American films for one year beginning July 1. The general belief is that this will put an end to the quota, although | the ruling is only temporary. 1 The Companies. Main Central Railroad—May surplus after charges, $13,017, against $77,515; five months, $34,711, against $523.840. North American Car—June quarter net to show little change from figure of first three months; entire fleet tank cars in use. Philadelphia Rapid Transit, sub- sidiary, Chester & Philadelphia Railway, declares 371, cents dividend; paid 622 cents April 15. Pressed Steel Car receives two new orders mounting to $600,000. Cavanagh-Dobbs, Inc., subsidiary, Crofut & Kanpp, reported to have taken over assets of Dobbs & Co., also a subsidiary of company. Columbia Graphophone Co., Ltd.— Time to deposit American shares ex- tended to June 29. New York Air Brake—25 cents divi- dend; paid 40 cents May 1. Atlantic, Gulf & West Indies Steam- ship Lines April surplus after taxes and charges $454, against $205,320; four months, $410,847, against $1,241,836. Canadian Cottons, Ltd, reported operating close to 70 per cent of ca- pacity. Consumers Power May gross earnings Off 6.1 per cent; met after taxes up 3.9 per cent; five months' gross off 4.5 per cent; net after taxes up 2.6 per cent. t Exchange 1930 net income $175,646; had net income of $74,098 in period March 15 to December 31, 1929 Lehman Corporation stockholders ap- prove retiring of 126,600 shares stock held in treasury. i National Short Term Securities March quarter net income $106,020, against $45,000. Oklahoma Natural Gas March quar- ter net income before amortization and Federal taxes $1,491,676, against $1,- 720,329. Pepperell Manufacturing, $1.50 quar- terly dividend; formerly paid $2. Pittsburgh Terminal Coal files in- junction proceedings in Federal Court to prevent sale of property for unpaid taxes and interest amounting to $378,- 366. Radio Corporation — Federal Radio Commission decides to renew licenses of company which were under dispute because of company’s violation of anti- trust laws. Sinclair Consolidated Oil posts flat price of 20 cents a barrel for East Texas crude oil Tech-Hughes Gold Mines, Ltd., com- mon share earnings, nine months to May 31, 51 cents, against 45 cents. United States Radio & Television radio receiver output over 1,500 sets daily. Insurance Securities, 10 cents quar- terly dividend; formerly paid 1712 cents. Liggett & Mpyers Tobacco advances price of Chesterfield and Piedmont cigarettes to $6.85 a thousand. 1 Lorillard (P.) Co.—Price of Old Gold cigarettes marked up 45 cents a thou- £and to $6.85. = Niles-Bement-Pond subsidiary, Pratt & Whitney, cbtains contract for special machinery from General Motors, work on which will necessitate night and day forces until September. Pennsylvania Railroad—Board sanc- tions cut of 10 per cent in salaries of executives and olflcPrsl'i electrification rogram to be continue pHg?.\'am\ Electric Railway 1930 $6 proferred share earning $1.55 vs. $17.55. Lilly Tulip Cup common share earn- ings, five months to May 31, $1.83 vs.| 1.73 : United States Industrial Alcohol' assed common dividend; paid 50 cents May 1 2nd $1.50 quarterly prior thereto. ‘Abitibi Power & Paper passes divi- dend on 6 per cent cumulative pre- ferred stock; paid $1.50 April 20. Cavanaugh-Dobbs, Inc., deficit, six months to April 30, $564,123 vs. deficit § 935 in 1930. International Paper & Power no dividend action taken on 6 per cent and % per cent preferred stocks of this com- pany and subsidiary, International Paper Co.; paid $1.50 and $1.75 on 6 per cent and 7 per cent preferred stocks of both companies, respectively, in_ April 15, Reading Co. May nect operating in- come $462.949 vs. $1,301,601; five months $2,509,968 vs. $4,831.151. Allegheny Steel, 10 cents common divi- dend; previously paid 15 cents monthl ‘American Car & Foundry, $7 preferred share earnings year ended April 30, $4.69, against $17.88. Auburn Auto export sales six months ended Mey 31, 1,320 units; total sales, 25,021 units. Chapman Valve Manufacturing initial dividend of 25 cents on new $25 par common: old, $100 par common, which was split 4 for 1, received $2 quarterly. Colonial Beacon Oil—Lowers price of gas in New York to 5!, cents a gallon. Douglas (W. L) Shoe Co., obtained profits in past quarter; directors decide to omit preferred dividend ordinarily payable July 1. General Cable advances bare copper wire price Y cent to 10'2 cents a pound. Grocery Store Products—March quar- | ter common share earnings 20 cents, against 12 cents. Texas Corporation, subsidiary Texas Pipe Line, closes carrying contract with Plymouth Oil providing for minimum carriage of 5,000 barrels of crude daily at rate of 32! cents a barrel. Anaconda Copper Mining—37!2 cents regular quarterly dividend. i Heyden Chemical—50 cents common | dividend: same payment made Decem- | ber 5, 1930. Ann Arbor Railrcad—May deficit $19,808, against net income $7,609; five months’ deficit $73,952, against net in- come $25,559. ‘Wabash Railway—May deficit $266, - 536, against net income $90,165; five months’ deficit $1,436,591, against net income $775,934. FOREIGN EXCHANGE. (Quotations furnished by W. B. Hibbs & Co.) Nominal gold Selling checks alue. tod: London, pound . franc beiga. k. Copenhagen, Oslo, crewn.... Stockholm, crown ‘Thirty boys under 16 years of age '"é killed in British coal mines last yeal ¥ : ‘ (Continued From Page 13.) AR i s i o SO Stock and Sales— Dividend Rate. i Lima Locomot (m2). 1 Link Belt (2)....... 1 Liquid Carbonic (3). 91 Loew's Ino (3).....s 161 Loft Inc. ... e 4 Loose-Wiles (12.90). 8 Lorillard «F) Co.... 481 Lorillard (P) pf (7). 1 Louisiana Ofl....... 22 LouG&EA (1%).. Ludlum Steel... Ludlum Steel pt McAnd & Forbes (2). McCall Corp (23%)... McCrory pf (6)..... Mcintyre Pore M (1) McKeesport T P 15% 90 McKesson & Rob **) 730 McKes&Rob pt(3%) McLellan Stores. ... Mack Trucks (3).... Macy (RH) & Co(n3) Mad Sq Garden (60c) Magma Copper (1).. Manati Sugar.... ~Prev, 1631~ h. Loy 26% 103% 17 37T% 10% 43% 106% T 2% . T 20 4% 211 15 12 39 Siarine Mid (1.20). Marlin-Rockwell (2 Marmon Motor Car.. Marshall Fleld (23%) Mathieson Alkali (2) May Dept Strs (2%). Mengel Co..... Mengel Co pf (7). Met-Gold Pic pf 1.89. 1 Mexican Seaboard. .. 1 Miami Copper . . Mid Continent Petm., Midland Steel (3).., Min Hon'w Reg (14). 4 Minn Mcline Pow... MStP&SSM. % Mo Kan & Texas.... Mo Kan & Tex pf (7) Missour! Pacific Missouri Pac pf Mohawk Carpet Monsanto Ch W(1%) 3 %« Montgomery Ward.. 703 Mother Lode........ 5 Motor Meter G & El. Motor Products (2).. Motor Wheel (1). Mullins Mfg. ... Mullins Mfg pf (7). Murray Corp. 10 32 833, 1531 146 39% 18% 26% 19% 18 N; Nat Biscuit (2.80).. Nat Biscuit pf (7). Nat Cash Register A. 219 Nat Dairy (2.60).... 211 Nat Dist Prod (2)... 24 Nat Enam & Stamp.. 10 Nat Lead (5). 6 % Nat Lead pt B (6) Nat Pow & Lt (1) Nat Radiator Nat Ry Mex 2 Nat Steel (2)... Nat Supply (4). Nat Surety (2). Nat Tea (1).. Neisner Brothers, evada Copper (1).. ewton Steel..... . ¥ Airbrake (1).... N Y Central (6. . 124 NYChi&StL(6).. 16 N Y & Harlem (6)... 80s N Y Investors 19 N H & Hart (6).. 21 NYNH&Hpf (T).. 1 N ¥ Ont & Western.. 23 N Y Steam of (6).... 108 oranda Mines. ..... 184 4 Norfolk & Southern. 1 Norf & West (12) 10 Norf & West pf (4).. 50s North Am Aviatl 188 Nor Am (b10% . 153 North Amerpf (3).. 5 Northern Pacific (6). 65 orwalk T&Rpf... 708 7 Ohio O1 59 2 Olver 5 10 Oliv Farm Eq pr pf.. 2 581 31% Otis Elevator (2%).. 11 129 124% Otis Elev pf (6) 208 6% Otls Steel. .. 5 Outlet Co pt (7) Y Y z 4 108 22 b4% 4 17 69% 48% 17 131% 116 131% Pacific Lighting (3). Pacific Tel & Tel (7). 20s Pacific T & T pf (6). 208 Packard Motor (40c) 321 Panhandle P&R.... 3 Paramount-Pub 2%. 279 Park & Tilford 3 park Utah. cess Parmelee Transport. Pathe Excharge. . ... Pathe Exchange A.. Patino Mines. . . Peerless Motor Car. Penick & Ford (1) Penney (J C) (2.40). Penn Dixte Cement. . Penn Dixie Cmt of.. Penn Railroad (3) Peoples D S pt (6% Peop Gas Ch (8) . Pere Marquette Ry.. Pere Marq pr pf (5). 280s Fetrolm Cp of Am(1) 38 Phelps Dodge (1).... 44 4 Phil Read C&1..... 20 Philip Mor & Co (1), 48 Phillips Petroleum. . 131 1y Pierce Ofl.... 4 Pierce Oil pf. Pierce Petroleum Pillsbury Flour (2). 4 Pirelli (A) (m3.13). Pitts ¥ W & C pf (7 Pitts Term C pf Pour & Co (B). . Porto Ric Am To PRAMTobB...... Postal Tel&Cable pf. 4 Prairie Oil & Gas.... Prairie Pipe L (3) 26 Pressed Steel Car 21 Pressed StCpf (1).. 2 Proct & Gamb (2.40) 11 7 Prod & Refiners..... 1 Prod & Refiners pf.. 10s 96% 155 102% 95 118% 109% 157% 148 104% 103% 581 28 2 % 11% 5% 101% 663 55% 24% 27% 56 6 3 Pub Sve G&E of (5 Pullman Corp (4)... Punta Alegre Sugar. Pure Ofl. Pure Ol pf (8) . Purity Bakeries (3) Kadio Corp. 1 Radlo Corp pf A(3%. Radio Corp B (6).... Radio-Kelth-Orph A. Raybestos Man 2.60. Real Silk Hosiery Remington-Rand. Rem-Rand 1st pf (7) Rem-Rand 2d pf (8). Reo Motor Car (40¢, Republic Steel. Republic Steel Reynolds Metal: Reynolds Sprinj Reynolds Tob A ( Reynolds Tob B (3 Richfield Oil. Rio Grande O1l. Rossia Insur (2.20) Roy Dteh (m1.3404) Add 00. High, 5 21% 31% 5% 56% 16 St L Southwest pf... 12% 4 Savage Arms (2) Shell Un Ol pf Shubert Theate: Simmons Co. Simms Petroleum... 14 Sinclair Consol Ofl.. 297 Skally Of). . S Skelly Ol pf. - Ak Sloss ShefMeld St pf. 1108 Snider Packing pf... 3 Solvay Am pf ww 6% South Port Rico Sue. Sou P Ric Sug pf (8) South Cal Ed (2).... South Pacific (6).... Southern Rwy (m6). Southern Rwy pf (5) Spalding (A G) (2).. Spark: Spencer Kellog (80c) Spicer Mfg pf (3). Splegel-May-Stern Stand Brands (120 Stand Brands pf (7). % Stand Ci Stand G & Withing (1). 1 Tob. ... (3%)... Stand Ofl Cal (h2%) Stand Ofl of Kansas. Stand OII N J (#2)... Stand Ofl N Y (1.60). Starrett (LS) (12%) Sterling Sec A...... Sterl Sec pf (1.20)... Ster] Sec cv pf (3)... Stewart Warner..... Stone & Webster (3). Studebaker (1.20)... Sun Of1 (11). Sun Oil pf (6). Superheater (2 Supertor Ofl. Superfor Stee! ‘Telautograph (1.40). Tennessee Corp(50c) Texas Corp (2),..... Texas G Sulphur (3). Texas P C & Oll. The Fair (2.40) Thermold Co Third Avenu Thompson Prod Thompson Star Tide Water As (60c). ‘Tide Wat As pf (6).. Tide Wat Oil pf (5). & Timken-Detroit Axle Timken Roller (3 Tobacco Products. .. 6 58508 10 Tobacco Prod A t95¢ 1 Transamerica (40¢). Transue & W (1).... Tri-Cont Corp. ... Trico Products(2%). 201 6 32 5 Truax Traer Coal Co. 1 Truscon Steel (60c) 1 9% 40 Ulen & Co ( Und-Ell-Fisher (5).. Union Carb & C 2.60. 60) . 9 28 247 42 Unit Cig Strs pf (6). Unit Cory (75c). Unit Corp pf (3). Unit Fruit (4). Unit G & Im (1.20) nit G & Im pf (§) caaqaaacaga I Leather. Leather A. Leath prpt (7). Pipe & F (2).... Realty & Imp(2) Rubber. Rubber 1st pf... Smelt & Ref (1). Sm & Ref pf 3%. U S Steel (7). U S Steel pf (7). U S Tobacco (4.40) Unit Stores A. Unit Stores pf (4). Univ Leaf Tob (3) Univ Leat T pf (8) Utl] P&L A (8+2.15 Vadasco Sales Corp. . Vanadium Corp'n Van Raalte 1st pf. Va-Car Chem. . Vulcan Det (4) Vulcan Det pf (7). Wubash RR. .. Wabash RR (A)..... Waldort Sys (1%).. Walworth Co. .. Ward Baking A. Ward Baking B, Ward Baking pf (7). Warner Bros Plct. Warner Bros pf 3.8 Warner Quinlan. Warren Bros (2) War Bios cv pf ( Warren Fdy & P (2). Western Union (8).. Westing A B (2) Westing E1&Mfg (4) 698 Wes! W ting E&M pf (4).130s Wilson&Co A.... Woolworth (2.40)... Worthington Pump. Wright Aeronaut. .. Wrizley (Wm) (4).. 14% Youngs Spring (3) 39% Yngstwn Sh&Tu(2). 2% Zenith Radio. . Zonite Prod Co ) Sales of Stocks on New York Exchange. 11 10:30 A.M. 1:30 P.M. n) tock. no_ reguiar Plus 8% 1 in 1 lus soc bis yea stock. s in special e T Texular rate. B - 8,200,000 Dividend rates as given based. on the latest ading less than Payable in sc rate. b Pay: 3 3 18 13% 12% 900.000 1 «+ 8,600,000 in the above tal i SR Ghe L snee caan 100 shares. 1) extra. IPlus 4% |lan.l:ll % zn llolek‘,' #Psid last year— 6% in stock. h Pl k- lus 2% in stock w'iklg“x'wu. i PETROLEUM INDUSTRY EXPECTS BENEFIT FROM PRORATION PLAN BY BENNETT WOLFE. Assoclated Press Stafl Writer, TULSA, Okla, June 25.—Signs of improvement were noted today in the condition of the petroleum industry, causing a general belief in this oil capi- tal that the industry finally has passed the crisis in the most serious iliness of its history. Higher gasoline prices, predictions of an impending hike in the crude oil : | market and indications of more orderly | if development of the rich Eastern Texas area, a sore spot for many weeks, were some of the heartening developments. Among leaders of the industry a defi- nite feeling exists that the oil business has reached the turning point and is beginning an upward trend. However, thers is no tendency to forecast any spectacular recovery. ‘W. G. Skelly, pres Oil Co., said- he be] ident of the ved the in Skelly i stock. m Paid fornia retail market. The general ad- vance has been 1 cent a gallon. The price increases served to bolster recent predictions of many oil men that the crude ofl market would advance In some quarters it is felt the major Co.; a subsidiary Co. of New York, in post- flat prices, but will announce price schedules. other purchasers has been since the Magnolia abolished schedules vity _and its new flat prices in 2l i i ‘ N AEII!E_MARKET Industrial List Features Up- turn on Corporation Divi- dend News—Rails Improve. BY F. H. RICHARDSON. .. Special Dispatch to The Star. NEW YORK. June 25-—Bonds moved sharply higher again today in active trading. consideration of the 10?“'1'! situation in the light of France's reply to President Hoover's debt plan brought out a heavy volume of buying in bonds, reflecting a broad advance in stocks both here and abroad. Everything in the bond list advanced, with the exozption of a handful of high- grade low yield issues. tendency to cash United States Governments, mu- nicipal bonds and the gilt-edged cor- porate descriptions was more in evi- dence than previously this week. Atchi- son general 4s, for instance, which have been selling well above par, whers they yielded less than 4 per cent to maturity, ipped to a shade above 99. There was a similar trend in American Telephone 5%s and 5s, Baltimore & Ohio first 4s, Great Northern 7s, Philadelphia Co. 5, Norfolk & Western first 4s, New York Central 4Y,s and National Dairy Prod- ucts 5Y,s. ‘This was even more significant evi- dence of the trend toward junior se- curities than the sharp gains in second and third grade bonds. Alleghany Cor- poration 5s, whose position has been vastly improved by the rise in stocks deposited as securing collateral, ad- vanced 1 to 3 points. Gains of & point or more were the rule in Erie 5s, Mis- souri-Pacific 5s, Frisco 4l.s, St. Paul :ll};!untmems, St. Paul 55 and Wabash S. number of corporations was reflected in an improved tone in industrials. Ac- companying statements that the divi- dends were being paid out of reserves, because of the markéd improvement in the internationai situation, placed em- phasis on industry’s approval of Presi- dent Hoover's move. Sharp advances were made by Dcdge Brothers 6s, Good- year 5s, Hudson Coal 5s, International Match 5s, International Paper 5s and 6s, McKesson & Robbins 5}5s, Para- mount-Famous 6s. Phillips Petroleum 5%s and United States Rubber 5s. ‘While the expected granting of a $100,000,000 credit to the Reichsbank bv an international group, including the | Pederal Reserve, probably was a big influence on foreign dollar bonds today, an even more direct factor was the world-wide firming of commodity prices. With both wool and wheat— her chief exports—showing firmer lev- els, Australia’s bonds jumped 2 to 5 points. The important gains were in Brisbane 5s, New South Wales 5s, Syd- rey 5'%s and Australian government 4'is and 5s. The much better tone in coffee and rubber was reflected by gains of 1 to State 7s of 1940—the much public! coffee loan of a year ago—were 2 points higher and selling over 80 for the first time, since March. Firmness fh wheat and new record export shipments of that commodity from Argentine sent the entire group of Argentine 6s above §5 for the first time since their break in April. German bonds were up fractionally on & heavy turnover. Probably the rea- son why the recovery in Young plan 5'5s has been so slow is the failure of many investors to realize that the pro- posed debt holiday in no way affects interest payments on these bonds and other commercialized loans of Germany. German municipals and industrials also continued to move upward, notably United Steel Works 6'2s of various ma- turities. Washington Stot;k-é;change SALES, Capital Traction 5s—31,000 at 8315, :1.000 at 8313, $500 at 832, $500 at 31, 105%. & Washington Gas 55—8$500 at 107, Washington Gas 6s “B"--$100 at 104'%. Washington Rwy. & Elecfric 45—$2,000 at 903, $2,000 at 90%. Washington Market Co. 5s—$100 at 90. Wash‘ngton Rwy. & Electric pfd.—10 at 9953, 10 at 99%, 10 at 993,10 at 99%. Columbia Sand & Gravel pfd—7 at . 90, 3 at 907, 10 at 90%. Mergenthaler Linotype—5 at 71%. Real Estate Mtge. & Guar. pfd.—100 at 612, AFTER CALL. Washington Rwy. & Elec. pfd—10 at 997, 15 at 99%. National Metropolitan Bank—é at 300. Mergenthaler Linotype—5 at 77%. Bid and Asked Prices. BONDS. PUBLIC UTILITY. Amer. Tel. & Tel. 4%as '30 Am. Tel. & Tel. ctl. tr. 3s acostia & Pot. R. R. 5s An A Pot. gual Tei. of na. s A s . series B Wash. Rwy. & Elec. 4s. MISCELLANEOUS. Barber & Ross, Inc, 6%:s..... Chevy. Chase Club 8%s. Columbia ' Country’ Club D, C. Paper Mfg. 6s... . Mkt. Cold Btorage STOCKS. PUBLIC UTILITY. ash. Gas_Lt. Co. (i8, N. & W. Steamboat (13). Pot. Elec. Power 6% pfd. Pot. Elec. Power 5% pfd Rwy. & EL com. (7 Rwy. & EL pfd. (5) NATIONAL BANK. Was] d (9e) e ox Washington (i3} : TRUST COMPANY. Amer. Sec. & Tr. Co. (15)...... 2 Continental Trust (6). Natl. Sav. & Tr. (121 Prince Georges Bk & Unlon Trust (8s).. Wash. Loan & Trust (i4). SAVINGS BANK. Bank & enins ot vings East Washington (12). Potomac . Sav. . venth Street (12 United States (30) Wash. Mechanics (20). s FIRE INSURANCE. American (12) Corcora reme; )z National Union (i$) : TITLE INSURANCE. Columbia (6h) . Real Estate (6h) Barber ect Sat- | Feo extia, 1% extra. 70 extra. 32! ‘extra. 4 points in Brazilian issues. Sao Pl‘:!I? Potomac Electric Cons. 55—$1,000 at | Lib 3% Listd4%s32-47, US3%s49. %5 40-43, 2t 40 106 3 106 Rales. High. Low. Close. 310219 10219 10219 1 103 10 103 10 103 10 7 L4th4%s33-38 62 104 27 104 24 10426 | Grt Nor gen 78°3 101 102 24 103 2106 2 . 60 108 6 108 2108 2 Abitibi P & P 5; Allegheny 65 °44. .. Allegheny 5549, . Alleg Corp 55'50.., 33 Allis-Chalm 6s ‘37 Am Ag Ch 7%s"41 Am Beet Sug 65 '35. Am F P 55 2030. ... Am Int Cp 51849 Am Metal 5%5 '34. Am N Gas 6%s 42 7 "2 o8 G O Argentine 6s A ‘57, Argentine 6s B '58,, Arm & Co 43%5 39, Del 43 e e ~ avmatinnaBEen Australia 4% Austrabia 6s '65. o FS The maintenarice of dividends by a |4 Sw dy 68 '50.. 0. s Bk of Chile 6% Batav Pet 4%s Belgium 6» Belgium 6 Belgium 78 '55 Belgium 78 '66. Bell Tel P’a b8 B 43 Bell Tel I'a 53 C '60 B Ind Loan Co 65'46 Berlin Cy El 68 °55. Berlin CyEl 63%5'51 Brazil 63 '26 Brazil 634827, . Brazil Ts. | Brazil 8s 41. Bremen 75 '35. Bd & Tth Av 58 '43.. Bk Ed gn A 55°45. Bklyn Elev 634s. .. Bklyn Man 6s ‘68, Bklyn Un 5 '45. Bklyn Un Ist 6 Budapest 65'62..... Buenos A 65 '61 Pv. Buft Gen El 4%s'81" BR& Pitt4%s 57, Bush Ter con 5s ‘55 Calif Packing | Canada 4560 Can Nat 4%. Can N x%s n Nat 54 July “6: Can Nat 55 Oct "69. Can Nat is 7 Can Ner 43s s Can Nor 7s deb 40. Can Pac deb Can Pac 435 46 Can Pac 4% Can Pac 53 '54. Cent Pac 43749 Cent Pac 5360, ... Cert-td deb 535 ‘48 Ches Corp 6s | G lo Chi Ind&Lou 6s'66. Chi M & St P 4s '8y, Chi M&SIP 4%sC.. Chi M&StP 4% s E. Ch M&StP 43589, Chi M StI'&P bs ‘76 Chi M & St P ad) 58 131 Chi&NW g3%s'87. 5 Chi&Nwn 4 s 2037 Cé&Nwn 4%s ¢ 2037 Chi& NW con 4%s Chi & NW 6%s '36. Chi RI&P gn 4s ChiK1&Prr4 Chi R 1cv ¢%s'60. Chi RI&Pac 4%45'52 5 10 '63. C& W Ind cv 4s'52. C& W Ind 5%s '62.. Chile 78 *42 Chile Cop db Chin Gvt Ry 5851, CCC&ST L 4js E. . CCC & St L 55 D ‘63 Clev Term bs'73 Colomb 6s Jan '61.. Colombia 6s '61 Oct Colon O1l 68 '38. ... Colo & Sou 43 Col G&X 53 Ma Com Inves 533 49. C Gas NY 4%s'95will8 ConG N ¥ 638 45, 12 Copenhag 58 '62.... 7 Cuba 5%3545...... Cuba R R bs'52.... French Gvt 7%s'41 13 Gelsenk'chen 6s'34 40 ° Gen Baking 5 40 1 Ger Cen Bk 6s Ger Cen Bk Ge:man Bank 7. German 7s rep "49. Goodrich ev Good 151 6% s "¢1 Goody'r Rub 687§’ ‘60J 35 ‘600 29 50 es. High. Low. Close. | Hud & M ad) 57 56 57 T4 72 T2% 101 102% 380 21 102% 104 132% 107% 106% 107% 109% 10215 103% 3% 6% TThs 6 85 86 98% 114% 100% 67% 106% 87% 984 100% 9% 107% 99% 100% 108 97 102% 84% 61% 64 96 103% 109 115 109 109 13 98% 68% 5% 103% 103 :ll 105% 98Y% 98Y% 55 106% 72% 102% 111 105% 76 8L 93% 4 101% 107% 101% 106 92% 95 59% 66 108% 9% 9% 89% 103% 102 32 100% 87% 72 1% 8% | Grt Nor 438 e mruReakaue Fauboane aBSam Greek 6863, © Hud & M rf 5 Huruble Of] 65°37. . Hum O&R §%s 62. M BTIstpfssa 111 Cent 44 53 111 Cent ref 4, 111 Steel 4%s°40. .. Inland Stl 4%s A'78 Inland Stl 4s Int Rap Tr b Int Rap Tr sta 66 Int Rap Tr 6s 32 Int Rap Tr Int Cement bs Int Hydro El 68 '44. Int & Gr Nor 65 '52. Int &G N ad 6s°62. Int M Co 58 ret '41 Int Masch 6847, Int MM col tr 6: Int Pap 53 A *47. Int Pap 6s ‘55 5 Irish Free St Ls Italy 7s '51.. Italy Pub Sv 75 '52. Japanese 5%s°65. . Japanese 6%s 54, . = Jugosl Bank 78 °57. Kan City Sou 3. Kan City Ter 45 '60. KanG & E 41580, Karstadt 6343 Kresge Found 65 36 Kreug & Toll 5s ‘59 Lackaw St 55 ‘50 LacG St L Laclede 514s C Lake Shore 3% Lautaro Nit 68 ‘54.. Leh Val cv 45 2003, LehV cv 4% 2003. Leh Val 55 2000. ... Loew’s 65 ex war. Long 1s] rf 4549 ‘Lorillard 6s ‘51 . Lorfllard 5%s '37. . Lorillard 7s 44.... Lou G & EI 65 52 L & N uni 4s " - L&N 4%s52003. L &N 1strf 5%s La & Ark 55 '69 Lyons 6 McKes & R 5% 5| Man S Ist 7%s *4; Manh Ry 1st 4 Man Ry 2d 45 2013. Market St 7s 40. Marseille 65 '34. ... Mex 4sasstd 1910., Midvale Sti 5s '36.. Milan 6%s ' MiIIERy &L ME&TprinésA. Mo Pac gen 48 '75.. Mo Pac 65 A '85. .. Mo Pac 53 F 77 1 Mo Pac 5%scv 49, Mont Pow 6s '43..., Montevideo 6s '59. . Mor & Co 1st 4%, Nassau Elec 4s 'l Nat Dairy o%s Nat Rad 6%s 47 Netherlands 6s ‘72, N Eng T 1st 53 '62. New 8 Walew New S Wale: 58 NYCgniys'sr N Y Cent 4145 2013. NY Cen rf 41452013107 NYCre im 63 2013. 36 N ¥ Cent db 65'35. NY C&StL 4348 78, NYC&StL5%sA NYC&StLés'32. NY NH&H cv db NY O&W 1s . NY O&W gn 4s°55.. NY Rys Inc 65 '65. . NY St Ry 4%s '62 NY W&B 4% Nord 6%s 50 Norf South 6 Nor & Wn cv No Am Co 6s°61. .. N A Ed'son 55 C '69 Nor Am Ed 5%s '63 Nor O T & L 65 '47. Nor Pac 48°'97..... Nor Pac 4%5 2047, Nor Pac 58 D 2047. . Nor Pac r 1 65 2047, Nor St Pw bs A "41. Nor St Pw 6s B 41, Norway 5s '63. Norway 5%s Norway 6s *43. Norway 6: 4. Oreg-Wash 48 < | Orient dev 5% ‘58, Orient dev 6s 53 Pac G & KI 5842 Pan-Am Pet 65 '34. Pac T&T 1st bs '37. T&T ref 6s'52. Paramount 6s 47 Paris-Ly M 6: Penn 5s '64 Penna gen 5s Penn 6%s ‘36 Pere M 1st 45 '56 61. Peru 7s '59. Phila Co 53 » Phila & Read 6s ‘49 Philippine RR 4s. . Phillip Pet 5%5°39. Pillsb F M 63 °43. .. P CC&SIL 4%s8'77. P&WV4%sB'59. Poland 6s 40, . Poland Poland Port Gen El 4 Por R T am 6s Pos Tel & C 5 Pressed St C Prussia 63 '52. PubSvG 4 Pure Oll 5%s'37... Queenland 47, Read gn 4%s A '97. Reading 4%sB.... % Rem Arms 6s A '37. 75 103% 92% % 7% £6% 99% 64% 20% StLS W exus'3a.. Rem R5%s A 47.. Rhinelbe 78 46.... Rhine West 6s°52.. Rhine West 6s ‘b3.. ‘West 6s '55. Rh1 Rich Ol Rio de Ja: Rio de Jan StL IM R&G 4s°33. StL&ESFIndsA.. StL&SF4 ':: 96% 96 109% 84% 105% 943 95 100 104% 101% 106% 108% 112% 96% 9615 109% 85 16 92 108% 54 98% 101% Commodities—Big Help to Gasoline Sales. Special Dispatch to The Star. CHICAGO, June 25.—Importance of bility of the United States was em- phasized fn a bulletin rel=ased today by the American Research Foundation, showing that the automobile industry is the largest consumer of at least six important comraodities. y “Not only is the automobile industry the largest consumer of six basic com- modities, but in four of these com- modities it consumes more than half th: annual production,” the bulletin pointed out. “Automobiles consume 85 per cent of all the gasoline produced in the United States, 82.6 per cent of all the rubber, 68.7 per cent of all the plate glass, 53 per cent of all the malle- able iron, 30 per cent of all the nickel, and 26 per cent of all the lead—and even in the case of nickel and lead no other single industry consumes so much. “Although it may not bs surprising to know that the great oil and refining companies are largely dependent upon automobiles for the tremendous success which they have achieved in the past decade, it may not be generally realized that automobiles actually consumed 14,130,000,000 gallons of the 16,613, 520,000 gallons of gasoline produced last year in the United States. Neither is it generally known that 495,000,000 gal- lons of lubricating oil were used last year to keep Amcrican automobiles in proper operating condition.” % RUBBER TIRE PRICES TO W I WE §0% | W1l & Co 18t 63 0% | WisCen gn 4s 36. 561 Yokofma 8 i 85 | the automobile to ihe industrial sta= | BE INCREASED SOON DAYTON, Ohio, June 25 (#).—John A. MacMillan, president of the Dayton Rlubbe;o ?o., said ';ha! the company plans ncrease prices on all types cf tires in the near future. The advance will range between 3 and 20 per cent on all sizes and types of tires, he said. “‘For some time,” Mr. MacMillan said, “tires have been sold at ridiculously low prices, bordering in some instances on cost of production, and an increase may be expected any day.” BOND ISSUES AWARDED. BALTIMORE, June 25 (Special) —A local banking group headed by Strother, Borgden & Co., the Maryland Trust Co. and Mackubin, Goodrich & Co., have been awarded $50,000 Cambridge, Md., 4}, per cent bonds due serially from 1932 to 1956. The successful bid was 102.196. Fiv> bids in all were sub- mitted. The next two highest were Jchn P. Baer & Co., 102.105, and First National Bank of Cambridge, 102.10. It will be noted that only 5 cents per $1,000 separated sscond and third high= est offers. J. S. Wilson, jr.. & Co., of Baltimore, was th> successful bidder for the $25,000 of Snow Hill, Md., 4!2 per cent water, sewer and street bonds, due 1940 to 1955, on a bid of 100.5961. SHORT-TERM SECURITIES. (Reported by J. & W. Seligman & Co.) Allis-Chalmers Co. 55 1937..... 100% 00% American Melal 37is 5 Canadian Nor. Rwy. 4 Chi. Northwestern R. R. land 4s . 55 1947, & Rio Grande 4135 1936 ccep. Corp. 6s 1937 s_1935. 103 55 1933 | Gen. Mot General Petroleum Corp. 55 1940 Gen. 9: Public Service 5ias 1939.. Goodyear T. & R. 5 z Grand_Trunk of Canada 6s 1936 Gulf Ol of Pa. 55 1937 z Humble Ol 8%’ 1832.% |2 SiCo, sius 1938 0. 513 Soutn 5o i804: . Standard Oil N. Jersey 5s 1946. Standard Oil N. York 4'2s 1951 9 St. L. LMS. Ry. R. E. 45 1 60 86% 86% 111% 111% %, Sea All Fla 65 A '35 Seine 78 '42. Serbs-Cr-S1 78 '62.. 6! Shinyetsu 6% Sinclair Oil 6%’ SincO7scvA Sinc Cr O 5% Sinc P L 58 42, Skelly Oll 6%s 39, Soissons 6s '36. Solvay Am 5s 4. Sou Bel T&T bs '41. SW Bell T 65 A "5é. (11 StOIIN Y 4%s Sweden 5% 8 ‘54 Swiss 5%s 46 Tenn El P 65 A 47, Ter As St L 4s'53.. Tex & Ark 5%8 ‘50, Tex Corp cv b 110 Tex & Pac 55 B'77. Tex & Pac 68 C 1! Texas Pac 6s D Third Av ref 4s Third Av adj Toho EI Pow 3. oho El Pow 78 §6. okio 5% . % | Tokio EI Lt 65 5. Un Pac 18t 43°47... Un Pac 4 Un Pae rf Un Pac 4%s'67.. Un P 1st rf 55 2008, Unit Drug cv 58 53 Utd King 6 d U S Rub 1st 68’4 Un St1 W 6%s A '47 Ud StI W 6%sA 51 Utd St W 6% C'51 Uruguay Uruguay Uruguay 8s *4 Utah P& L 68 "44. . Util Pow 58 '59 ww. Utll Pow b%s '47 2 West Md 5%s°'77.. West Pac 58 46, % 05%s8'37 ww. 40 93% 43% 87 67 100% 100 987 98U 98 9T 1 Wilks B & K 1st 5s. ‘61 Trsin Sr&T b8