Evening Star Newspaper, June 25, 1931, Page 15

FINANCIAL CURB [SSUES SOAR INHEAVY BUYING | ~Prev. : 31~ Utilities, Coppers and Oils Are Prominent in Mar- ket Advance. BY JOHN A. CRONE. Bpecial Dispatch to The Star. NEW YORK, June 25.—Further de-|{ velopments in the international debt plan, such as the extension of Fed- eral Reserve credits to Germany, coupled with unexpectedly favorable trade developments caused stocks on the curb exchange to boil and sonr{ again today. i Electric Bond & Share, the market | leader, was very active during the fore- | noon, though it did not display the | strength of Wednesday's session. Citles | Service during this period was up about & half point. | Petroleums, coppers and public util- | ities shared in the burst of activity be- fore midday. The oil trade looks for considerable improvement in the in- dustry’s statistics if proposed proration plans are consumated. The further ad- vance in copper prices aided such shares, while short covering combined with ‘investment buying helped the utilities. Humble Oil set the pace for oil share dealings with a rise of more than three ints by midday, which gain was near- ly matched by Gulf Oil in the misce! laneous group. Big blocks of stocks featured the third hour. American Super-Power came out in a 7,000-share lot at 13 and the next sale was 5,000 shares at 13%. Ford Motor, Ltd., in a 4,000-share deal, sold at 14!, and Niagara Hudson ticked out 7,000 shares at 12. These transac- | tions had been preceded by some large blocks of Electric Bond & Share and other popular issues. Shortly after an 8%-cent copper quotation- was announced, Newmont Mining, Shattuck Denn, Hudson Bay Mining and United Verde Extension forged ahead. Preferred stock of Gor- ham, Inc., silverware manufacturers, which had lagged as the silver mine is- sues soared, came to life with an ad- vance of more than 2 points. Roan Antelope and a few other foreign cop- En bettered without pulling zinc or 'ad securities with them. Fajardo Sugar softened, but other food groups moved ahead, including packing shares like Swift, Swift Inter- national and Seeman Bros., specialties such as Northwestern Yeast and Mead- Johnson and some of the chains. CHICAGO DAIRY MARKET. CHICAGO, June 25 (#).—Butter— Receipts, 15,763 tubs; market firm; creamery specials (93 score), 23%a 24',; extras (92 score), 23'4; extra firsts (90-91 score), 22a22'5; firsts (88-89 score), 20'2a21; seconds (86-87 score), 18a19; standards (90 score), (centralized car lots), 23';. Eggs—Re- celpts, 17,076 cases; market firm; prices nnchnnged CHICAGO STOCK MARKET CHICAGO, .!un 25.—Following is the complete official list of transactions in stocks on the Chicago Stock Exchange High. Low. Close. 39 ' 36% 39 Bro: 110 Canal Construction - 100 Castle A M 90 Cent Ili Pub s«r Bi. 430 Cent 1l Sec 1600 ge 4150 Grigsby-Grunow 1050 Hall Print ... 150 Houdaille-Her 4 300 Houdallle-Her 2200 St 400 Kellog:: " swiich 20 K Sw 00 K« ystone Mg 130 Libby Meneilt 450 Lincoln Print . 100 Lindsay Light 36! 100 Telenh Bond & Biaie 3 100 Thompson J R, 13 nit Corp of Am :ugo Bait \ Amer Tt 1 &L 1 UlleLn-Vot 1600 Util & : Walgreen Co igw.mmn of . 0 Ward Mont A 00 West Grocer uoww PLL& Tel'X 950 Wex Mwu B ahtis ates Mach . 100 Zenitn Radlo 3 tock sales today, 320,000 shares. BONDS. Edison 6s 100% 110% 30 87 BALTIMORE STOCKS. [@pecial Dispatch to The Star. BALTIMORE, June 25.— Bae: STOCKS. 168 Arundel Corporation 8 Atlantic Coast Line 118 Baitimere rust Go. 110 Black & Decker com. 2 Black, & Decker pid 1C & P Telephone Bi 183 Consolidated Gas com. 4 Finance Co of America Casualty Co. § Maryland = Trust 118 New _Amsterdam Cas 111 Pa_Water & Power. 32608 Faeits & Gus 38 Weatern Maryland Dairy Bid.. . nom 3000 alted B € B ' g NEW YORK CURB MARKE Note—All stocks are sold in one excepting those designated undred-snare 108 by l.lu m s (80s) (2508), odd lota. which shows those stocks m nu in m-n 12‘ Aszfa Arsco. . All Am Gen Corp. Allled Mills (80¢c) Aluminum Co of Am 172h“5% AluCoof Am pfeé). Alum Ltd A war, Am Austin Car, Am Capital B, . 4 Am Cit PRL(A) (a3) Am Cit P&L B b10%. Am Com P A (b10%,) Am Com Pr B(b10%) Am Cyanamid B, Am Deyt Stores Am Equities. . Am For Pow war. Am Founders. Am Gas & Elec (tl). Am Iniest war... Am Laundry Mach A % Am Lt & Trac (2%). 4 Am Maracaibo. Am Meter (3). Am Natural Gs Am St Pu Svo(al.80) 4 Am Superpcw (40¢). Am Superp 1st (6).. Am Util&Gen (B)vte Am Yvette Co (25¢c). Anglo Chil Nitrat Appalachian Gas. 4 Appalachian Gas wr. & Asscc G & Arizona Com Mining. Arkansas Nat Gas. Arkans Nat Gas A. Ark N G cu pt (60c). Atk P&L DL (T).... Armstrong Cork (1). Art Metal Wks (60c). Assoc El In Ltd 30e.. Ass0 G&EI (A) (a1). El war... Assoc G & Eptf (5).. Assoc Ravon. At] Secur Corp Atl Sec cu pf w Atlas Uth Corp Atlas Utilit} . Auto Voting Mach. Auto Vot M ev pt pt Eahia Corp...... Beneficial IL (1%) Bigelow-Sanford. Slue Ridge Corp cvpfal Borne-Scrymier Co. . Braz Tr & Lt (b8%). Brill Corp A (34¢) Bulova ev pf (3%).. « Burco Inc war.. Canada Marcont Carib Syndicate Cent Hud G&E (80c). Cent 111 Pub S pf (6). Cent Pub SvcA b10% Cent Pub Sve pt (6). Cent Stat El (b10%). Cent States El war. . Cent St EL pf xw (6). Cent&Southwst Util, Centrifug Pipe (60c) Chain Store Devel. .. Chain Stores Stock. . Chat Ph Al n.v. (1).. % Citles Service (g30c) Citles Serv pf (6)... Claude Neon Lts, Inc Colombia Syndicate.. Colon O1l. . Col Oll & Gas vte. Co Picture vte (75¢). 2 600 1 3 4 3 6 08 1 2 1 58 60! 3 508 1 1 108 24 258 34 1 2 1 1 21 8 53 378 4 6 Cmwlth Edison (8). 100- Con Gas Balto (3.60). Consol M &8 ti2%. Consol Royal (30¢). Contl Chicago Corp. . Cont Roll & Steell Fy Cooper Bessemer.... Copéland Pr Inc (n). Cord Corp... Cerp Sec Ch (bl%).. Cosden Ofl.. Creole Petroleum... Crocker Wheeler. Curtiss Wright wa Cusl Mex Mining. Dayton Alr & Eng. Deere & Co (1.20). De Forest Radio...e Derby Oil Refin pf. .. Detroit Afrcraft Cp.. Dixon (J) Cruc (8).. Doehler Die Casting. Dresser Mfg B (2).. Driver Harris new. Dubilier Cond & R: Duquesne Gas Corp. Durant Moto Duval Tex Sul East G & F Assoc... East G & F As pf (6) East St Pow B (1)... East Util Assoc (2) East Util Assoc cv. East Util Inv A.. Edison Bros St (50c) Eisler Electrie Corp. 201 3 1 2 25- 27 Elec Bond & Sh (b§) 107 Elec B & Sh pf (§) % Elec Pow Asso A (l) Elec P & Lt op war. . Elec Products of Col, El Sharehold (b6%). Emp Corporation. ... Emp G & Ecupf (7). 2 508 Emp G & F cu pt (8) 1508 Empire Pub Sve (A). % Evans Wallow Lead. Ex-cello Air & Tool.. Fairchild Aviation. . 404 Fajardo Sugar. Federated Capital Fiat rcts (94%e). Flintkote Co A. Foltis Fischer Corp.. Ford M Can A (1.20). Ford Mot Can B 1.20. Ford Mot Fran 37%c Ford Mot Ltd 36 3-5¢ Foremost Dairy Pr. 4 Foremost Fabrics. . Foundation For Shs. Gen Fl Ltd rets pi0c. Gen Empire Cor (1). 7 15 1 . . 1 3 3 1 17 508 1 204 Gen G&E cv pf B (6) 200- Gen Leather Co. Gen Thea Eq cv pf 3. Gen Rayon A)....... Gen Waer Wks&El A Gilbert (A C) (1)...4 Gleaner Comb Hi Glen Alden Coal (4).. Globe Underwr(15( ) Gold Seal Elec new. . Goldman Sach T C. . 79 Gorham Ine pf (3).. 200s Gra'phne Ltd cfs 56¢ Graymur Corp (1)... Groc Strs Prod vte. .. Gulf Ofl of Pa (1%). Hamilton Gas rets Hammond Cloek ( Happiness Candy. Hazeltine Corp (2). Hecla Mining (40¢) Hoilinger Gold(65¢) . Hou-Her cv pf A 23%. Hudson Bay M&8 .. Humble Oi1 (12%). . Hydro Elec Sec 1.40. Hygrade Food Prod. 4 111 Pow & Lt pf (8). 31% 1% 2% % 1mp Ol of Can (50c) Indiana Pipe Line(1) Industrial Finan ctfs Insull Inv (b6%). Ins Co ofNo Am 12%. Intercontinent Fet n. Int Hydro cv pf 3% Int Petroleum (1) Int Products. Int Superp (t1.10)... Int Utilities A (3%). Int Utllities B . Interstate Equities, Twalian Sunerpow A Italian Superp war.. 12 Kobacker Stor % Kolster-Br (A! 2 2 2 49 e » N LT A ) e ) 10% 6i4 Lefcourt Realty 1 9% Leh Coal & Nav u % Leonard O11, Long ) mm Long Isld Lt pf (7).. eo- lnflh % Louisiana Lan & Ex. 4% MacMarr Stores (1). % Magdalens Synd 4% Massey Harris...... 1% Mavis Bottling (A).. 8% May Rad & Telev(1). Meud Johnson(t4%) Memph N G Co (§0¢) Mesta Machine (2).. Metal & Mining, Inc. Met Chain Stor Met 5c to 50c Strs pf. Mid §ts Pet vic A nc Mid WSt Ut (1%)... Mid West Ut (b8%). Mid W Ut cv pf xw 6. Midland Unit (b8%). Mining Corp of Can.. Minne-Honey pf (6). Mo-Kan Pipe L (A). Mo-Kan Pipe L (B) . Mohawk Hud 2d (7). Mont Lt H&P (1%).. Mountain Prod (1).. Nll Bd &8 Corp (1). Nl! !'e' l Ll 124 (‘) . Nat Service Co....... Nat Sh T Sec A $60c., Nat Transit (1). N Nehi Corp (80c). Nelson (Herman) 606 N % New Mex&ArL.nfl. N Y Merchandt N Hud Pow (09&) Niag-Hud Pow A w., Nlll Hud Pow B w.. ih Md (400)... \lu Bemt-Pond (1) Nor Am Aviat A war, Nor & 80 Am Corp A. No Boston Light ctfs Nor Europ Oil Corp.. Nor Bt Pow A (3). Nor 8t Pow pf (8 Northw Yeast Co 1. ) 5 - A T = TP T T =Y eIl P e S 5 P‘l’l.rnllll Prd). ‘4508 Pennroad Corp (40¢), 58 at & Pow (3) Lt&Pwr (A) Perryman Electric. .. Phila Co new (11.40). Philip Morris Ine. Phoenix Secur Corp. Phoenix S C pt (3) Pilot Rad Tube A. Pitney Bowes (b4 %) Pitts Plate Gl (2)... Plymouth Ofl (1).... Premier Gold (12¢).. Producers Roy Corp. Prudential Inv Pub Utll Hold war, Pub Util Hold Cp xw Pub Ut Hold cu pf(3) Pure Ol1 pt (8) e = e PRI L T IPES Reynolds Invest Roan Antelope Min. . Roch Gas&E pf D(§) Rock Lt & P (90¢)... Rossia Intl Cp (10¢). Ryan Consolidated. . & St Anthony Gold St Regis Paper (60c) Salt Creek Con (2. Salt Creek Pro(1.40). Schift (The Co (2)... Seaboard Utll (50¢).. Secu Corp Gen (40¢). Seeman Bros (3).... Segal L & H (ab0¢).. o S o N L L LT U L ISP JPTPTORRTe)- ST PRTER-E TR o1 T =t h ey 81, Ind full pd \5%). Sle Ind prior (5% )... Sentry Safety Cont.. Shattuck Den Min % Shenandoah Corp. Shen Corp pf (a3 % Signature Hi Silica Gel ot Smith (A O) (2) So Am Alr Lines 1st. So Am Gold & Plat.. South Penn Ofl (1)..4 SouthCEApIB1%. South Corp... . SouthernNat Gas. Southld Royalty 20c. S W Gas Utilitle Spanish & Gen ret Spleg May Stern pf. .1I0 Stahl-Myer (1.20)... Stand Oll of Ind (l 1 Stand Oil of Ky 1. d Ofl Nebr ( 1 Stand O1l, Ohto fl*) 1804 Stand P & L pf (7)..; 608 » -3 Sunray O1l (b§%) Swirt & Co (3).. Swift Internat (3) Technicolor, Ine Teck Hughes (80 Tobaceo & Tran Con Air Tra: Trans Lux DL P - [PTOTPTOT T TP TS O] Tri-Utilities ‘Tubise Cantillon (‘) ‘Tung Sol Lamp (1).. Un Nat Gas Can (1) Union O1l Assoc (2). Unit Lt&Pwr(B) (1 Unit Lt& Pwr of (6). Unit Milk Prod...... Inter Sec 1st pf.. 8 Lines pf. U S & Overseas wa U S Playing Card 2% United States Stores. .a_.......mf-.-v- » o wARaANR D —E Utility Equities..... Vacuum Ofl (2)....0 Van Camp Pkg. Venesuela Petrolm.. 57 Vic Finan Corp(40e)* Waitt & Bond(A)(2). ‘Waitt&Bond B(80c). ‘Walker (H) (50¢ Walker Mining. West Alr Exp (i West Auto S A (3 West Md pf. West Mass C 73 4 Received by Private Wire Direct to The Star Office . " = SR FRET F:3°5=" 2" £"E" 38 'éxhrnlr—u Tegular rate. POTATO MARKET. CHICAGO, June 25 () (United States Department of Agricullure) — Potatoes, 58; on track, 197; total United States shipments, 1,152 S'.eld] on M stock, weaker on off u sacked per cwt. -rmm.. mn sissippi, Louisiana, 1.5021.60; few fancy Louisiana shade higher; poor, 1.25 up; Oklahoma, Arkansas, 1.40a1.50; oc- casional car shade higher: poor, 1.00 up. North Carolina, barrel Irish Cob: jers, 3.60; Southern sacked few saien, 1.50R185. NEW money steady; 1% Cobblers | per cent; 4 months, . 18+6 months, 1%032 per cent, __ MONEY MARKET. YORK, June 25 (#).—Call per cent all day. | Time loans steady; 60-90 days, 1%a1%; ' 1%281% per cent; el Can 58 C Fzm'm B 4ss 1 Boston 3u Can Na l Carolin, 000 s, eS8 8l occae: SorieBeBumrScaneBituZasal 3, = FEEFF SeelpasenazSsie SSaseSsaSense STETTOTES = Intercon Pw cy & 48 Inter Pu Sec s E 57 n Bec Ac Bs '47 T ta Power 8 137 L 3ITIZ FREE & 25382982882838288 5553 ey 332 ceEosREEESEss! Sazsoogeecss 2323BT2E2RET 2! s 0 94 Pw 4las "3i 10204 Calit 83 58 8912 E 88 913% Sgszzeneisy 161 10414 ? Nor Btat Fow 812 140 1045 47 Nor Stat Pow 4i3s 61 o812 o Edis 60, v B _.:...-E:u.. o FE 28:82‘-‘8! 1 Wes Tex Ut 3 A & Witses: PAL ts. r 34 1035 1039 1 Aer Mtk Bank 3e 8% 6% $ Asr Mt Bank 75 B i FEE 33 8 * Very Satisfying Investment North American Trust Shares, the leading fixed trust, offer larity of Income, Safety, Markmbfln, prob bfllfiaflm in Value - KNAPP & Co., INC. INVESTMENT SECURITIES Washington Offies STOCK AND BOND AVERAGES By the Associsted Press. A I Baltimore Markets Specitl Dispatch 1o The Star. Lotakd THURSDAY, JUNE 25. llfll. 1929 Low, 1929. 13 gg% 73 103 101% . ] 228853 FES = 3t 8322382333333 8: oo amaSuar FERFE -8, I8SIIIBI283228: SR " 2232 3BIIRLI8LE: = = oosSewaBuassian—ams, Frew SR - aBRI2IBIIY! ¥ e 9. - . 5 Special Dispateh to The Star. NEW YORK, June 25.—Trading in | cotton continued today to be the most active of the past year, with foreign consumers still active buyers of both contracts and raw material for the | fifth consecutive day. Prices atvanoed sharply » quarter of’] %y, a cent before the market met more cotton and quotations eased off $1 a bale in the last hour, leaving the list 7 ints higher than on Wednes- pcu were advanced 10 polnu B. & 0. I:u‘ht Loadings. BALTIMORE, June 25 (Special).— The Baltimore & Ohio Railroad in the week ended June 20, handled 28324 cars of revenue freight, as compared with 37,788 in the corresponding week,,' o year ago, a reduction of 9,464. Grain Market CHICAGOQ, June 25.—Enlarged sell- ing that was associated with the move- ment of newly harvested wheat in the Southwest pulled all grains lower today. More than 650 cars of new wheat ar- rived at the various primary markets, and a material further increase next week was expected. North American wheat export business was almost at l ulum:e and provl- sions 15 to In cents down. NEW YORK, June 25 (&) —Stocks heavy; reaction follows vigorous morning ‘Bonds strong; foreigns extend rally. irregular; vance. Forelgn exchange easy: man mark weak; Canadian records a new 1931 low. Cotton higher; firm | cables and coverm:. Sugar steady: better spot demand. Coffee higher; trade buying. CHICAGO, June 25 (#).— Wheat easy; better weather increased estimate German crop. Corn barely steady; in- creased country offerings. Cattle steady | & to lower. . TREASURY CERTIFICATES. (Reported by J. & W. Sellgman & Co.) 45 Toar - 100 108 832 10 profit-taking halts ad- | Ger- | BALTIMORE, Md., June 25.—Pota- toes, white, bloo unm 1.00a1. ”bem' .00a1.30; gus, per dozen, 50a2.25; beets, per IOO 100!200 cab- bage, bushel, 70a1.00; carrots, per 100, 3.00a4.00; eggplants, erate, '1.5023.00; lettuce, bushel, 25!!6 lima bushel, 1.5022.50; pep] 2.50; onions, per 100, .’ul 00; crate, 75a1.75; spinach, bushel, rhubarb, per 100, 2.00a4.00; lquuh, per bushel, 80a1.00; tomatoes, crate, 70a 2.00; npplec, bu‘hel 75825 box. 2.00a: un 1.00a3.50; c per grapefruit, gnr box, 1.50a3.00, mn‘u, per box, 2. Dlll’! Market. Poultry, alive—Chickens, young, 24; old hens, 17a21; Leghorns, l?nll‘ roosters, 12ai4; ducks, 15822 pair, 20a25. Eggs—] &celpu, 1,865 cases; current receipts, 16c doze Butter—Good lnd fancy creamery, 22a25); ladles, 17a18; rolls, 16al7; process, 19a20; store packed, 14alS. Hay and Grain Prices. ‘Wheat—Noc. 2 red Winter, export, no quotation; No. 2 red Winter, garlicky, spot, no qmthn June, nominal. Corn—No. 2 domestic yellow, 72. Cob corn, 3.25a3.50. Oats—White, No. 2 36; No. 3, 35. Rye—Nearby, 5 Hay—Receipts, nane ‘While receipts of hay are ample for all requirements, there is no surplus of heavy clover mixed being ordered. Such grades will premium of $1 to $3 a ton, de- pen on the amount of clover. Fair to timothy ranges from $24 to $26 per ton. Live Stock Market. Cattle—Receipts, 150 head; light sup- ply; market steady. Steers—Choice to prime, none; good to choice, 7.25 to 800 medium to good, 6.50 to 7.25; fair to medium, 5.75 to 6.50; plain to fair, 5.25 to 5.75; common | to plain, 4.50 to 5.25. Bulls—Choice to prime, none; good to choice, none; medium to good 4.50 to 5.00; fair to medium, 4.00 to 4.50; ph&n to fair, 3.50 to 4.00; common to plain, * CowsGhitce to_prim we e, none; to choice, 4.50 to 5.00; medlumhmdm 100 mu‘muw 1?:}-' 2“;0 13507 coinmnon Pl to to plain, 2.00 to e Heltan—choiee ta prime, none; good to choice, none; medium to 00 to 6.50; fair to medium, 5.50 to 6.00: plain to fair, 5.06 to 5.50; common to gl el ©OWS an s, $30 to MO Sheep and lambs—Rece! | ll(ht m?ly market lleld ring lambs, 5.00 to 8.00. oes— ceipts, 150 head; light sup- ply, market steady; lights, 8.00 to 8.30; heavies, 7.00 to 8.00; medium, 8.00 to 8.30; roughs, 5.00 to 6.25; light pigs, 7.75 to 8.15; pigs. 8.00 to 8.30. | " Calves—Receipts, 100 head; light ‘mrply. market steady; calves, 4.00 to NEW YORK BANK STOCKS | NEW YORK, June 25 (#).—Over-the- | counter market: - | Ghase hat_Phenix Commercial Ny First Natl N'Y hat Co. n.u s ublic ... 6 Millions Will Be Distributed on June 3oth to More Than 100,000 Investors in NORTH AMERICAN TRUST SHARES The Largest Fixed Trust ’]:ns 1S equivalent to 30 cents per trust share and is the 5Sth semi-annual income and capital coupon distribution on NORTH AMERICAN TRUST SHARES. Maintenance of the minimum distribution of 30 cents per trust share on June 30th is made practicable through the operation of a stabilizing Reserve Fund. Of the forthcoming distribution approximately 16.4 cents (16.415674¢) repre- sents the amount to be withdrawn from the Reserve Fund and constitutes the first withdrawal since the beginning of the present depression. Approximately 43.6 cents (43.584326¢) per trust share will remain in the Reserve Fund after the June 30th coupon payment and represents, in our opinion, & proper ratio to the present price level of NORTH AMERICAN TRUST SHARES. RIGHTS Valuable rights are extended to holders of NORTH AMERI- CAN TRUST SHARES in connection with the June 30th distribution. That portion thereof received from sources other than regular cash and extra cash dividends on the deposited stocks may be invested in additional NorTH AMERICAN TRUST SHARES at a discount. This discount has been established by Distributors Group, Incorporated, for the current reinvestment period at 25 cents per trust share (equivalent to approximately 5%) below the current offering price. The amount which can be reinvested is 16.8 cents per trust share and includes the amount withdrawn from the Reserve Fund. Reinvestment rights can be exercised through any authorized dealer and will expire at the close of business July 15, 1931. 2 A purchaser of NORTH AMERICAN TRUST SHARES during the first six months of 1929 who has systematically reinvested all capital distributions and who takes full advantage of the forth- coming reinvestment privilege will have increased the original number of trust shares purchased by more than 41 percent. We strongly urge that these rights be exercised DISTRIBUTORS GROUP, INCORPORATED (Owned by a Nation-Wide Group of Investment Houses) 63 WALL STREET, NEW YORK