Evening Star Newspaper, June 29, 1931, Page 15

FIN CURB SHARES OFF INDRAGEY TRADING Utilities and Oils Feel Effects of Profit-Taking—Losses Light. BY JOHN A. CRONE. 8pecial Dispateh to The Star. NEW YORK, June 29.—Profit-taking. which started with the opening gong, caused prices on the Curb Exchange to turn downward today. Public utili- ties and petroleums, two of the most active groups last week, were first to feel the effects of realizing cperations | . today. Electric Bond & &hare sased more than a point by midday. Cities Serv- fce was off fractionally, as were Stand- | ard Oil of Indlana, Vacuum Oil and Plymouth Oil. American Gas & Elec- tric, American Light & Traction, United Light & Power A and American Superpower first softened in the utility | division. A few inactive issues early stood cut because of their unusual movements. Safety Car Heating & Light:ng, which | has not appeared in some time, cpened off 16 ponts. Singer Manufacturing was up about 9 points. Pepperell Manufacturing, which recently reduced its dividend from $8 to $6 & year, was unusually active and at times slightly higher. Socony-Vacuum when-issued _stock made its bow on the Curb Exchange at 18 today, or at the then approxi- mate price of Standard Oil of New York. Suspension_of _trading Petroleum Corporation General issued in when stock. unofficially announced Saturday, | was made effective today with the ad- | mission to trading of Socony-Vacuum Corporation, the new name of the merged concern. The Curb Clearing House Committee therefore directed that all clearing house balance orders dated June 1. iast. be cancelled and members having such debit balances ;ul Jecelve checks for them on Tues- ay. Comparative dullness and easiness of the international issues, unlike any session last week, was a feature of forenoon trading. Low priced coppers. such as United Verde, up 1':, were an outstanding strong spot. Markets at a Glance NEW YORK, June 29 (#).—Stocks weak; pivotal shares lose 2 to 5 points. Bonds irregular; rails and foreigns re- cede. Curb heavy: profit-taking bring: decline. Foreign exchanges irregular: sterling sags. Cotton lower; weak cables: beneficial rains Texas. Sugar steady: firm spot market. Coffee, higher; unfavorable weather Brazil. CHICAGO, June 29 (#).—Wheat steady. high temperatures forecast de- creased Argentine acreage steady: ible supply. DISCOUNT RATE RAISED. BELGRADE. Jugoslavia, June 29 (#).—The official discount rate was raised from 5! to 6!, per cent and the loan interest rate was increased from 7 t> 8 per cent. CHICAGO STOCK MARKET B the Associated Press. CHICAGO. June 29.—Following is the complete official list of transactions in stocks on the Chicago Stock Exchange today: Bales STOCKS. 1750 Adams _Rovalty 50 Allied Prod 300 Am Equities . 40 Am Pub Ser pf ..... 300 Art Metal 100 Assoc Tel Util . 50 Assoc Tel Util 7 Cattle steady. 9250 Bendix Aviation ..... 3300 Borg-warner 50 Brown 50 Bruce (E. L. 10 Bunte Bros . 50 Burnham Trad 50 Butler Bros . 70 Cent Tl Pub ‘Ser pi. 200 Cent Ill Sec ... 20 Cent Ind Power pi.. 330 Cent Pub Serv A ... 550 Cent & So West 2 50 Cent & So West pi. 80 Cent West Pub Ser A 50 Chic Investors ... 40 Chic Rwys Series 1 200 Chic_Yeli Cab 2 10 Chi No_ Sh & Mii pi 3000 Cities Service ....... 550 Com'with Edis . 50 Construct Mat pi 150 Consumers 1000 Cont.~ Chicaso. 200 Cont Chic pf. 5200 Cord Corp. 2300 Corp Sec... 2300 CorpSec 30 Crane Co.. 10 Crane pf . ... 50 Elec_ Housenold, 50 FitzSimmons & Con 100 Foote G & Mach.. .. 130 Gardner-Denver 80 Gen Wat Wks A 100 Gleaper ... 5 1250 Gt Lakes 'Aircraff. .. 0 Gt Lakes Dredge. 0 Griesby-Grunow 350 Hall_Print 100 Hormel & Co 600 Houdaille Hershey' A 200 Houdaille Hershey B 9550 Insull _Util 2 400 Insull U pf 2nd Ser 10 Invest Co of Amer 100 Iron Fireman 200 Kalamazoo Stove Drug B0 38 A58 m i 50 Lincoln Print 50 Lion Oil_ Ref 100 London Pack i 200 Manhat Dearborn ... 400 Marshall Field 50 McGraw Electric 20 McQuay Nor 84200 Mid' West Util 100 Mid W Ut "B war.. 350 Midland United ... ans Pipe . wk Rub 2000 Nat Familv Str 100 Nat Leather 50 Nat. Rep Inv 300 Nat Secur Inv 400 Nat Secur Inv pf 800 Noblit-S) 100 Nor Am G & ElL .. 4250 Nor Am L & Pow 50No & So Am... ... 2200 Nor'west Bancorp ... 200 Pines Winter 50 Process Corp 700 ORS DeVry . 10 Quaker Oats . 150 Railroad Sh 50 Rath Pack . 250 Seaboard Util 100 Segal Lock & Hdw 300 S0 Union_Gas 20 89 West ; 20 S0 West L & 200 Swift & Co.. 200 Switt Inti .l 150 Telephone Bd & Share 250 Thompson 1" R).... 100 Unit Am_Util 100 Un Amer Util United Gas 8 Gypsum Radio & Tel 100 Uti] & Ind pt. 100 Vortex Cup 100 Vortex Cup “A' #500 Walgresn Co ... 100 West P L&Tel A 400 Wextark Radio 50 Wis Rank Shares: Stock sales today. 100.000 BONDS. 2000 Stand Textile 6128 ‘42 48 45 45 2000 Kresge B '45. .. 0075 10075 510074 12000 Tnsull_Util 6s 870, 8T': 81% Bond sales today. § gl sliciriles L BALTIMORE STOCKS. Special Dispateh to The 8t BALTIMORE, June 2 Bales STOCKS 385 Arundel Corporation 10 Black & Decker com.'.. 52C & P Telephone Baito pid.. 85 Consolidated Gas com... i 50 Consolidated Gas 5% cum pfd A 91 Fidelity & Guar Fire Corp...... 25 Fidelity & Deposit Co 81 Finance Co of America 75 First National Bank 50 Manufacturers Fin Co 3 2015 4 20 oY% B6)U S Fidelity & Guaranty. : s Western Marsland Dairy pid. BONDS. 1000 United Rwy & Elec income 4s... 19% Corn | bullish weather, decreased vis- | Hogs lower. | Hizh. Low. Close S e ANCIAL, —Prev, 1931~ Stock ana Bales— | Aigh. Low. Dividend Rate. 2215 114 AMliated Prod 1.60.. 13 7 Ainsworth Mg (1).a 1 103% 100 Ala Pow pf (6)...... 208 Aluminum Co of Am 4758 Alu Coof Am pf (6) 4 Aluminum Co Ltd... Alum Ltd A war..... Aluminum,Ltd Bwar Aluminum,Ltd Cwar., Am Austin Car...... Am Cit PAL B b10%.. Am Com P A (b10%) Am Com Pr B(b10%) { Am Corp (f15¢) Am Cyanamid B. Am Dept Stores Am Equities. . { Am For Pow war. | Am Founder Am Gas & EI 3 21, Am Gas & El pf (6).. Am Lt & Trac (2%). | Am Lt & Tr pf (1%). Am Maracalbo. L Am Natural Gas. ... Am Superpcw (40c). ! Am Ut{l&Gen (B)vte | Am Yvette Co (25c). Appalachian Ga: Arkans Nat Gas A. . Art Metal Wks (60c) Asso G&EI (A) (al). Assoc G & El war, AssoG & Elct ( Atlas Utll Corp. Auto Voting Maeh. Auto Vot M cv pf p Bahia Corp.... Bellanca Alr Bigelow-Sanford. dlue Ridge Corp. Blue Ridge cv pfai.. Braz Tr & Lt (b8%). Bridgep Mach (25¢). BritA T B 1.17 4-5¢). Bulova cv pf (3%). Burco Inc cv pf (3) Butler Bros..... Bwana M Kub Canada Marcont Carib Syndicate Caro Pwr & LEpf (1) tent Ind Pwr pf (7). nt Pub SvcA b10% Cent Stat El (b10%). cant&Swn Ut (h7 %), Centrifug Pipe (80c) Chain Store Devel. .. Chain Stores Stock Chat Ph Al n.v. (1) Childs Co pf (7). Citfes Service (g30c) Claude Neon Lts, Inc Cley Tractor (80c) Colombia Syndicat Colon Of1 Coulm Pictures c) 5 Cmwith Edison (8). 100 Cmwlth & Sou war.. 104 Com Wat Ser g12%e 12 Consol Copper. 3 Consol Dairy Prod... 1 Con Gas Balto (3.60) 1 Cont Shares pf (B)..2008 Cooper B 2 Cord Corp. Cerp Sec Cl Cosden Oil. . 4 Cosden Oil pf (7). Cresson Consol (4c) . Cuban Cane pr opt w. Curtiss Wright war. Cusl Mex Mining. ... Dayton Alr & Eng. Deere & Co (1.20) De Forest Radio. Detroit Afrcraft Cp Doehler Die Casting. Dow Chemical (2). Dubilier Cond & Ra Duquesne Gas Corp. . Durant Motors...... East G & F As pf (§) Kast St Pow B (1). East Util Assoe (2) East Util Assoc cv. . East Util Inv A Eisler Electrie Corp. Elec Bond & Sh (b6) Elec B & Sh pf (6).. Elec Pow Assoc (1). Elec Pow Asso A (1) Elec P & Lt op war.. El Sharehold (b6%). Emp Corporation. .. Emp G & E cu f (7). Empire Pub Sve (A). Engineers Gold. Europ Elec deb Evans Wallow Lead. Fatrchild Aviation. Fajardo Sugar. Koitis Fischer Corp. Kord M Can A (1.20) Ford Mot Ltd 36 3-be Foremost Fabrics. Foundation For Sh Fox Theater Cl A Gen Aviation. Gen Emp! Gen Leathe n Thea E Gleaner Comb Harv.. Glen Alden Coal (4). Globe derwr(15¢ 4 Goldman Sach T C.... Gold Seal Elec new Gr'd Raplds Var 50c. Graymur Corp (1)... Grt A&PTpf (T).. Gulf Oil of Pa (1%). Hamilton Gas ret Hollinger Gold(65c) . Hudson Bay M& 8 Humble Oi) (12%). Hygrade Food Prod. Imp Of) of Can (50c) Imp O Can reg (50c). Tndiana Pipe Line(1) Ind Ter Illu Ol A Ind Ter Illu Ofl B Insull Inv (b6%) Insurance See (40c¢).. Intercontinent Fet n Int Cigar Mach (234) Int Petroleum (1). Int Utilities A (3%). Int Utilities B Irving Air Chute ltallan Suverpow A.. Jer Cen P&L pE (7). Kolster-Br (Am 8h). Lake Suparior d ret Leonard O1l..... 23 | 256% 28 12% 3 L) 101 51 238 15 22 24 | 35 | 8w 5% o 61 108% | 22% 2215 37 i 18 2% 9% W 1 au Note—All stocks are sold in one hundred-share lota excepting those designated by the letter 5 (80s) (2508), which shows those stocks were sold in odd lota. Add 00. Open. High. Low. Close. 2 20 8 100% 140 951 60 25 20 31 THE EVENING STAR.. WASHINGTON, NEW YORK CURB MARKE ~Prev. 1931~ High, Low. 26 14u 11% 4% MacMa 20 8y 100% 140 9514 60 31 20 8% 100% 135 95% 53 20 29 31 [ 8 20 By 100% 137 9518 58 20 Memph tt %% A% 137 21% 4n 8 Mo- Niag-H; P Stock and Dividend Rate. Lone Star Gas n 83e. Magdalena Synd.... Margay..... W Mass Pow & Lt Mass Pow & Lt pf... Mavis Bottiing (A).. 1 May Rad & Telev(1). A Machine (2).. Mid St Pet vto B. . 2 MId WSt Ut (1%)... 1 ALid Went Ut (h8% ). Midland Nat Gas A. . Midland Unit (b6%). 1 nPipe L (A). 1 Mo-Kan Pipe L (B). Mohawk Hud 1st (1) 50s Montecatini deb rt 2 Mont Lt H&P (1%). 4 Murphy Co (1.60)... Nat American Co. at Aviation. . Nat Bd & S Corp (1). at Family Stores Nat Rubber Mach. .. Nat Servic at ShT Sec A 160c Nat Transit (1).. Newberry (1) 1.10.. New Bradford Oil.., New Eng T& T (8).. 50 New Jers Zine (13).. Newmont Mining. NYP&LEDL (6). 4 N Y Steam n (2.60).. NY Telpf (6%).... Paoples L& Pepperell M Perryman Electric. . Philip Morris Inc.... Phoentx Secur Corp. Phoenix S C pf (3) Pilot Rad Tabe A. Pitney Bowes (b4%) Plymouth O1l (1). Producers Roy Corp. Prudential Invest... Received by Private Wire Direct to The Star Office Bales— Add 00. Open. 4 184 1 9% 4 r Stores (1). N @G Co (60¢) Chap & Scott 5 2 6 2 2 1 E 1 2 38 0 5 T« d Pow (40¢) Niag-Hud Pow A w.. Niag-Hud Pow Bw. Niag Sh Md (40c). Niles-Re Nipissin 3 . Nor Am Aviat A war NoAmL &P (b8%). Nor Wevpf (3)..... Nor Europ Oil Corp.. N W Engineer (2). Northw Ohto Copper. ... Ohio Ofl n cu pf ( Outboard Motor B, Pan Am Alrways. randem O11 E Paranfount Cab Mfg. Parke Davis (+1.55). Parker Rust Pr (3). .40 nroad Corp (40e). -Fond (1) Yeast Co 12) 10 86 writh) 1 *n(6) 1608 1 13 5 1 3 1 4 9 1 Pub Utl] Hold war Pub Util Hold Cp xw Rallroad § eliance Int A. . eliance Manag..... epnblic Gas Corp. . teybarn Co. .. Reynolds Invest. Richfield Oil Cal pf.. ossia Intl Cp (10¢), SafeCar H& L (3) St Anthony Gola St Regis Paper ( Salt Creek Pro(1.40). Seaboard Util (50¢). Seeman Bros (3).... Segal L & H (a50¢).. Selected Industries. . Sle Ind prior (5% ) Sentry Safety Cont.. Shattuck Den M1 Shawinigan W& Shenandoah Corp. Shen Corp pf (a3)... Silica G ares(40c) ) N RN R DR A ke elctfs. 10 nger Mfz (+15). Smith ( South Penn O11 (1), SoCal Ed pf A (1%). uth C Edpf C1%.. A O) (2) 1 1 2 1 1eg May Stern pf..1258 Stand Ol of Ind (2. 49 Stand Ofl of Ky 1.60 Stand Oil, Ohto (2% Stand Oil. Ohto (5).. 408 Stand Pwr & Lt (2).. stand P & L (B) (2). 3 arrett Corp. . 4 _Steln Cosmetics. 25 etson (JR) (4). Strauss Roth Stutz Motor Car..... Sunray O (b5%) ... Swift & Co (2). Taggart Corpn Technicolor, Ine Teck Hughes (6 Tob Prod Exp (10¢) Tran Con Air Tran Tri-Uti lities Tung Sol Lamp (1).. Unit Chem pt pf (3) Unit Corp wi Unit Founder: Unit Gas Corp.. Unit Gas war. Unit Gi Unit Li pf (7). &Pwr A Unit Lt& Pwr pf (6). Unit Milk Prod... U 8 Elec Power ww.. U S Finishing pf. ... U S Foil (B) (50¢) U S & Overseas war. Unit Verde xten (1) Univ Pictur I'tah Metal & Tun. .. Uti] P&Lt(at1023). Ut P&L B(at1.023%). Util Pw! Util & Ind Utility Ea Vacuum Oil (2). Van Camp PKE...... Vic Finan Corp(40c) itt & Bond(A)(2) igreen Co. . L % 50 12 u 8l 100 W 15% 4 8 2 12% 9% % 4 110 Dividend 1 nual_payment. Walker w dividend, o stock. 4 Plus 2% in ~ Williams R Wil-Low Cafaterias. Wil-low Cafe pf (4). worth (FW) Litd. 356 Woolworth Ltd pf rales in dollars based on last quarteriy or semi-an- *Ex dividend. & Pavable in ‘cash or stock £ Plus 5% in stock, stock. nPlus 8% in stock. 25 83 6% b% 43% 5 5% 15% 20 5% 9 34 211 10% 5l r& Ltpf (7). 83 6% % a3 5l bn 16 20 % 9 3% 284 10% 54 “n b 5 154 6 T 31 34 21% 234 a1 1 5% 5% 44 5l b 16 20 (H) (50€). 6 (70c).. 2 1Partly extra. tPlus 4% In stock. b Payable in stock. e Adjusiment ¢ Plus 6% in stock. h Plus 1% in tock. m Plus 3% in no regular stock. k Plus 10% & © Paid last ye CORPORATION REPORTS TRENDS AND PROSPECTS OF LEADING ORGANIZATIONS NEW YORK, June 20.—The following » |1s a summary of jmportant corporation i news prepared by the Standard Statis- tles Ug g;c,. New York, for the Asso- clated Press: #in Weekly News Review. Prompted by President Hoover's debt moratorium and . the ‘xroblble success of the negotiations with France, se- curity markets continued their sweep- ing advance, the price index of 90 rep- resentative stocks rising to 1219, an increase of 5.9 points. e bond mar- gations, especially German, leading the way. The general rise of commodity | prices, the belief that railroads will be i granted an increase in freight rates | and the marking up in wholesale cigar- | ette prices were added factors in the gain in market value of the stocks affected thereby. Due to the strong buying, the price of copper was marked up three times from cénts to 8% cents a pound. s Participation of rallroad stocks in the general advance was notable, in view of the fallure of such shares to join the upward movement early in the year. Current rumors regarding the freight rate increase have been numerous, the most consistent being that the com- mission will not allow the increase asked for, but that some elevation will be granted to alleviate the emergency situation. Revenue freight car loadings were disappoining, going sgainst upward trend customary at this season. For } the week ended June 13 loadings were lnbcrul. 21 per cent below a year ago at 732,453 cars, the lowest level recorded since the compilation of figures in 1918. It is‘'generally believed that very little improvement can be looked for until the fall seasonal expansion. With the exception of a few com- g!nles introducing new lines, automo- fle production again declined. The major portion of the reduction was re- ported by Ford, whose output receded about 13.1 per cent, while the indus- try as a whole was off 6.8 per cent. Steel operations continued on their downward path, ingot rodlil:tlon drop- ping to 35 per cent of caphcity, a de- cline of about 3 per cent from the pre- vious week and 4 per cent below two weeks ago., No immediate relief is in view, but it is expected that the debt holiday may hasten and accentuate the Autumn improvement. ‘The daily average of crude oil pro- duction rose 19,250 barrels, and al- though almost all districts showed .a decrease, East Texas produced 42350 barrels more than the previous week, too great a sum for the others to ab- sorb. Gasoline stocks declined 3.3 per cent to the lowest reserve since Jan- uary of this year. Although actual electric production was lower than last week, the decline was slightly less than is usual at this season, the total being off 4.6, with the central industrial area registering the greatest reduction. The Companies. Altorfer Bros. rating with full force with night shifts in some de- partments. Borden Co. chairman expects satis- factory earnings for year; gross business off 15 per cent thus far, decrease in net much smaller. I G. Farbenindustrie Aktiengesell- schaft 1930 common share earnings 12.14 per cent against 12.06 per cent. Superior Ofl March quarter deficit $577,622 against net income $38,273, equal to 5 cents common share in 1930. Bangor & Aroostook Railroad May surplus after charges $68,468 against $218,888; five months, $929,911 against $1,306,932. Bethlehem Steel subsidiary, McClin- tic-Marshall, gets 25.000-ton structural steel order for new Field Building. Buffalo, Rochester & Pittsburgh Rail- way May net operating income off 34.8 per cent; five months, off 39.5 per cent. Chicago, Burlington & Quincy May net operating income up 26.2 per cent; five months off 189 per cent. Denver & Rio Grande Western Rail- road May deficit after charges, $172.- 193 vs. surplus after charges $68,159: five months’ deficit, $659,047 vs. sur- plus $14,141. New York Investors gets $2,700,000 award for Brighton Beach property: net expected to total $1,500,000 after tax adjustment and legal expenses. Pittsburgh Steel Foundry 12% cents common dividend; paid 25 cents April 15. Safeway Stores high bidder for as- sets of 31 stores of Clarence Saunders Stores of Northern California, Ltd., price offered, $82,000. Standard Oil (Indiana) cuts price of third-grade gasoline in Chicago area 1,cent a gallon to 7 cents. ‘United States Playing Card business unaffected by higher stamp tax; sales running at level of year ago. Aviation Corporation of the Americas Stibsidiary, New York Airways, Inc., to inaugurate three-day all-expense air | cruises to Atlantic Ciwy for $49.50. General Cable marks up price of bare copper wire 1, cent a pound to 103 cents, Pittsburgh & West Virginia Rallway May net opentlnfi income off 51.2 per cent; 5 months off 44 per cent. Ford Hotels declares two dividends of 50 cents each, rylbh August 1 and October 31; paid 25 cents December 10. Cleveland Tractor omits quarterly common dividend; paid 20 cents April 15. . Lehigh Portland Cement — Mitchell gl-ml Dge;nmes: was idle since Decem- T, . Pennsylvania Power & Light 1930 consolidated share earnings -$19.98, against $19.38. United States Rad#tor omits quar- terly preferred dividend; paid $1.75 April 15. International Shoe common share earnings, six months to May 31, $1.51, against $1.73. D. C., MONDAY, JU BONDS ON THE CURB 4’Alabam 2 Aluminum 13 Aluminum Ltd Ss 15 Am & Cont Co 10 Am Cmwin Py 1 Amer ow 65 A '57 66 28 Amer G & K 8 3028 90% 7 Amer Pow 55 '53 68 4Amer P & 1, 8s 2016 106" 2 Amer Roll M 4V:s '33 70 Appalach_Gas_6s 19 Ap) 65 0 Birming'm El 4 1 Boston Con G 29 Can Net Ry 4%as 'St 4 Nat R E 75 E '35 1 3 Caterpiliar Tr 55 '35 90! 3Cent Ariz L&P 55 '80 99'a 1 Cent Il El & G 85 'S1 96! 53 Cent Il P S 4bas F 67 9 3Cent Il P 8 8 Cent Pow & Lt 43 Cent P(ib Ser 5 34 Cent Stat Elec 46 Cent St El 5145 C 2 Cent St P&L 5'as 4Chi Dis Elec 5158 2 Cin 8t_Car 555 Cinel Str Ry 6s B '35 ties Service 5s . 6805 53 6912 5 1017a 2 Con Gas Ut 8 8 Con Gus ULl 12 Consum Pow 4 5 Cudahy Packg 3 Det C_Ons 5 & Duke Power 4! 3 Duguesne Ga: .36 East UL Inv 3¢ '54 ww 607 034 857 "ri> 5228338858283 2258s! SeEd restone Tire sk Rubber 5! orida P & L atineau Pow Mot Acc 5% ek ) 00! Georgin Power 8 Ruz 55 - ulf Oil Pa 88737, ulf Oll Pu 88 47 ood Rubber 5 udson B M4&8 61 51 Pow & Lt 68 A ] Pow & Lt 5 C ' linols P & 1, 5%an * lin P & L 8igx B ind Hvd Biec 5s A Indnap P&L 5% A 30 Insull UNLir 88 B Inter Pw Bec 1t E Intern Sec Am ba S EEE T O0! 5 Kansas Pow 3 Kelvinator_6s 4 Kentucky Ut 4 Koppers G & C 8 Kopper GAC 9 Kresge 58 h P d West Ut 38 32 cv 100 d West Ut 55 '35 cv 92'2 nn Pk L4l e 08 nn Pow & Li 3% 371 ‘51 106 ansett, 55 ectric 518 &L B 55 18 1Nat Steel’ Corp, } Napional Ten 8¢ 33 Nebraska Pw 4 4 Nevada Calif 58 5 New Eng G&E 5 8 New Eng G&E 55 '48 17 New Ene G&E 53 '50 2 New Eng Pw 525 84 90 19N Y P &L 40 ‘67 990 2 Niag Falls Pw 6s 2N Con UL 5138 A 8 Nor Ind P 8 83 C P 8 5 D Ohio P&L 3%as Stat Pow 5'38 Stat_Pow 4'as Sta Pw 6'ss ‘33 80 oy < B fic Pw & L S5 21 Pac Wes Ol §'as | 18 Pe Cen P&L 4138 7 8 Penn O Ed 825 B 2 Penn O Ed 65 30 9 Penn Tel 55 C 5 Phila Elec 5'3s ° 9 Pot Ed 4ian F 1 Potomac Ed 55 8P 8 11 Shaw W&P 4135 A 38haw W&P 412s B 68 3 Shaw WAP 4'23D 7 Shawsheen 7s ‘31 SE P&L 65 A 2028 xw 105 South Calif Ed 8s 5110515 Bouth Calif Ed $s ' Southern N G 6s ‘44 Sonthw G&E 58 A Southw Nat G 65 '45 42 Staley Mfs 6 ‘42 . 82 Stand Gas & E 6 '35 1005 148tand G&E cv 8s 351001 32Stand Gas & E 65 '51 08'4 38tand Gas & E 63 '66 97 Tgtang Tnv S 3% xw T 3 Siandard P&L 6s '87. 951 138un Ol 8728 '39...0 10010 3 Buper of Tllin 4128 ‘88 90% 1 8uper of Tilin 4's '70 9034 28witt Co 55 40 wi_. 1007 9 Tenn Elec Pow 83 '38 104 13 Tenn Pub Sery 35 'T0 99%4 3 Texas Gas Ut 63 '45. 581g 8 Texas PAL 35 'S6 .. 102 10 Texas P&L 6s A 2022 100%a 3 Tri Util 58 79 cv.... 22% 2.0len & Co 68 '441.:. 6 19UNi Am Iny S5 A ‘48 102% 2 Unit PAL Blas - 104 1Uni Lt&Ry 8ias 10012 7Unit Lt&Ry 68 A '52. 1072 3Unit PAL s ‘T4 9. 3 Unic Pub Ser 6s A 8 Rub 81>8 H 6'ls 1 1 2 3 52 Lo e 00 3 S tah P&L 4las an_Swerin 6 '35 a E&P 55 A '85.. [ s Pub Serv 5 B '50 Aldorf-Astor 78 34. << <<caqac 5%, 3Agr Mtg Bank is 48 T 1Abr Mug Bank ¢ 47 tg Bk 75 '47 60 M Bk 78 47, BRIE2282: W 3 Cuban Tel 7'as ‘A 41 55 '536 99 e = 233 3 Ger Cons Mun 6s ' 15 Ger Con Mun 7s 16 Ham FS&U 5'3s C $ Hanover Pro_86';s ' 1 isarco Hyd EI 3 ° 14 Ital Sup Pow 6s A 16 Lima C Peru a8 ! 1 Melbourne_ 7'zs % 3 Rio de Jan 6las ' 11 Ruhr G Co 8'2s A '53 3 Ruhr Hous 6i3s '38. 1Santa Fe Arg 7s '45 5 Saxon Pub Wk 55 '32 3 Stinnes 1s 46 xw... 1 Tietz (L) 20 20 sl 11 wi—When issued. DIVIDEND POLICIES, NEW YORK, June 29 (Special).— Taking their cus from the regular dec- larations last week by Westinghouse, Northern Pacific and Baltimore & Ohio, and the intimation of the president of the Pennsylvania Railroad that a larger cut in the rate might have been considered if the international situa- tion had mnot changed, directors of other corporations that have been di- vided on their next dividend payment re disposed to take a more generous attitude, believing that earnings are at their lowest and that there will be a turn for the better in the second half of the year. Last week there were nearly 40 dividends reduced and about 50 omitted. There are no more im- portant dividend meetings scheduled until those of the iron and steel com- panies in the latter part of July. Cuba and the Philippines once be- longed to England. 1 highe E 29, 1931. STOCK AND BOND AVERAGES. By the Associated Press. | MONDAY, STOCKS. 50 Industrials. 115.1 118.3 L1107 98.8 ...223.6 . 160.5 140.2 92.7 202.4 ..o 1129 ...2528 L1413 Today. wss Previous day. Week ago. Month ago Year ago 4 Two years ago. Three years ago. High, 1931...... Low, 1931, High, 1930, BONDS. 10 ... 848 Previous day. . 84.9 Week ago. Month ago. Year ago Two years ago.. Three years ago. High, 1931, Low. 1931. High, 1930, Low, 1930. High, 1929, Low, 1929.. Speciai Dispatch to The Star. NEW YORK, June 29 —Following last week's extremely active trading, the cotton market quieted down today and set back about 30 points, ending 24 to 34 points lower than on Sat- urday. There was less urgent trade buying and recent short covering had reduced the outstanding interest materially. Trade buying and hot dry weather in the cotton belt steadled the market on the decline. Spots were reduced 35 points to 10.05. Cotton range: Open . 1000 11034 1056 D 1068 1090 DL High 10°06 10.48 1064 1080 1097 1116 Low. Close. 991 1028-29 10.53-54 10 65 10.84 11.08 July . Dctober December January March May Grain Market By the Associated Press CHICAGO, June 29.—Torrid weather hoisted cereals today, but in the late dealings reactions took place on ac- count of prospective moisture relief. Commission houses generally switched to the seliing side near the end of the day, acting on belief that price ad- vances had been too rapid. Big domestic recelpts of newly harvested wheat counted also as a weight on values. Wheat closed unsettled !5-2 cents higher; corn, unchanged 'y up: coats, 1,-1!, advanced and provisions varying from 5 cents decline to a rise of 2 cents. WHEAT Clos: June 69 July 38 Beptember 39 Deceniber RSN Ao September December OATS - July - September . December RYE July September December CH]CAGO LIVE STOCK MARKET CHICAGO. June 20 (# (United States Department of Agriculture) — Hogs—Receipts, 40,000 head. including 10,000 direct; best light kinds 5215 lower than Friday: heavier weights and packing sows 15a25 lower: bulk, 180- 220 pounds, 7.20a7.40; top, 7.45. 230- 300 pounds, 6.40a7.15. pigs, 6.75a7.1 packing sows. 4.50a5.00; light weigh to 5.50: light light. good and choice, 140-160 pounds, 7.10a7.35 160-200 weight, heavy weight, 250-350 pounds. 7.10: packing sows, medium and go>d. 275-500 pounds, 5.00a5.50 slaughter pigs, good and choice, 100-130 pounds, 6.75a7.25. i Cattle—Receipts. 12,000 head: calves, 2,000 head. Very little done: waterfills excessive: few early sales around steady on all killing classes; early top fed , 8.35. Slaughter cattie and Steers, good and choice, 600- 900 pounds, 7.25a8.75; 900-1.100 pound: 7.00a8.75; 1,100-1,300 pounds. 6.50a 8.50; 1.300-1.500 pounds. 6.25a8.0 common and medium, 600-1.300 pound: 5.0026.50. Heifers, 550-850 pounds. medium, 4.00a6.50. Cows. good and choice, 4.0085.50; common and medium. good and choice, 3.2524.00; low cutter and cutter, 2.00a | 3.25. Bulls (yearlings excluded), good and choice (beef), 4.00a4.50; cutter to medium, 3.25a4.25. Vealers (milk fed), good and choice, 6.50a8.00: medium, 5.50a6.50: cull and common. 3.50a5.50. Stocker and feeder cattle: Steers, good and choice, 500-1,050 pounds. 5.75a7 common and medium, 4.25a5.75. Sheep—Receipts, 12,000 generally 25 or more lower. Good and choice native lambs, 7.25a7.75; Oregon unsold; few fed yearling: 4.50a5.00. best held most fat ewes, 1.00al.50. Lambs, 90 pounds down, good and choice, 7.25a8.25: medium. all weights, common, 4.50a5.50. 90-150 pounds, medium to cheice. 1.00a 2.25: all weights, cull and common, 50a 1.25. 6.50a8.25: common and | FINANCIA | JUNE 29, Industrials. Utilities, 100.6 100.8 100.8 100.2 99.8 97.0 5 101.1 98.4 101.4 96.6 99.8 96.0 g72tter—One-pound prints, 28%3; tub, | Eggs—Hennery, 18a20; ceipts, 161za17. Poultry, alive—Spring _brollers, 3 pounds and over, 33a34; 2 to 214 pounds, 32a33; smaller, 28a30: Leghorns, large, | 24a25; small, 20a22; hens, large, 20a21: small, 18a20; Leghorn hens, 14; | roosters, 12a13. Dressed Spring brofl- | ers, 3 pounds and over, 37a38; 2 to 2’} | pounds, 36a37; Leghorns, large, 28a30: small, hens, large, 25a26; small, Leghorn_hens, 18 Toosters, | Long Island ducks. 2023, Beef, tcp, 14a15; medium, 121.a13; cow, 11; veal, 13a13':; Spring lamb, 16a17; pork loins, fresh killed, | 23; frozen. 17a18: fresh hams, 17';; | ket also showed strength, foreign obli- | fresh shoulders, 13: smoked nams, | 181,; smoked 'shoulders, 12; strip | | bacon, 21; lard, in bulk, 10; in pack- | ages, 11. Pruits— Watermelons, 30a75; canta- { loupes, jumbos, 3.75: standards, 3.25a | 350; ponys, 2.50; flats, 1.15: peaches. | 2000a2.50; apples, June, per bushel, 100; box stock, 2.50; apricots, 2.00a 2.25; plums, 125a1.50; grapes, Thomp- son seedless, 3.00; honeydews, 1508 1.75; hcneyballs, jumbos, 3.50; stand ards, 3.00; ponys, 250a2.75; oranges, | Florida, 500; California, 2.50a5.50; | blackberries, 2.50a4.00: huckleberries, | 6.00a8.00; lemons, 6.00a6.50; bananas, 1550a250: limes, per 100, ' 1.75a2.00; grapefruit, 2.50a3.00; rhubarb, per 100 . 2.5023.00. | Vegetables—Potatoes, new, per barrel, old, 120-pound sacks, 2.25a250; tomatoes, Mississippi. flats, 1.00; Flor- ida, 6-pan crates, 250a3.00; corn. 2.25 string beans, limas, 3.00a3.25 asparagus, : peppers, 2508 3.00; squash, bushel baskets, 1.50; let tuce, New York, 50a75; Iceberg, 5.50: cabbage, 50a60: paprika. pan, 75 egg- plant, 3.00a3.50; turnips, 1.00: carros per 100 bunches. 2.50a3.00; beets, per 100 bunches, 2.00; onions, Bermuda, | 50-pound containers, 1.75; ‘Spring, per 100 bunches, 2.00a2.50; mushrcoms, 50; cucumbers, 1.00a1.25. | current re- | 16; EXPORT COPPER PRICE | RAISED TO 9.275 CENTS By the Associated NEW YORK. June 20.—An increase of a quarter of a cent in the price of export, copper today brought the quota- tion to 9.275 cents a pound, c. i f. European base ports, and marked the fourth increase of a quarter of a cent in the foreign price in a week. | Meanwhile, Wall Street reports said that agreement finally has been reached whereby American production of cop- per will be further curtailed, with the possibility that the movement may take on international proportions. The reduction 1s expected to take the form of cessation of operations at some mines and drastic reduction in the rate of operations at others, in line with moves recently made by some of the higher-cost producing units in the West. Indications that the proposal ma extend to a further curtailment of for- eign production, especially in South | Africa, were seen in the report that - | Camille Gutt, one of the managing di- rectors of the Union Miniere du Haut Katanga, had co-operated in the new plan. M. Gutt and M. Fernand Pisart recently visited the United States on what at the time was stated their reg- ular semi-annual trip. At that time there were reports of conferences be- tween the large American producers, African producers and bankers, and, despite the lack of officlal confirmation, several mines were closed immediately after the close of the conferences. | Export demand for copper has con- tinued in heavy volume as a result of the improved European outlook follow- | ing President Hoover's debt holiday pro- posal. Sales for export on a few occa- | zlm‘\s have exceeded 17,000,000 pounds aily. | An advance of a quarter of a cent a | pound in the price of bare copper wire | to 109, cents in carload lots was an- | nounced today by General Cable Cor- poration. | securea m L. A—15 Money to Loan 3 first d of 154 real estate. 1, livg_interest ‘ln"G l.‘.l':":- A "Fenst Neller ik #3% ENTERPRISE SERIAL BUILDING ASSOCIATION 7th and Indiana Ave. NW. 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