Evening Star Newspaper, July 7, 1931, Page 15

F]l ANCIAL, CURB SHARES SAG | -~ INSELLING DRIVE Profit Taking Occurs on Con- clusion of Paris Debt Agreement. BY JOHN A. CRONE. Enccial Dispatch to The Star NEW YORK, July 7.—Pivotal stocks on the Curb Ex slackened their pace and reacted around midday after ive and firm cpening today in o to the Hoover reement fit taking, ished in carly 447, subsequently the stock crossed 45. to slip to 43'4, or 7, below its s close. Cities Service was up point at 1215, ased to 12, down its preceding final price, Other stocks b 1 the nues to a free and ac ined in the common sh intimaticns from the Go 1sas that som Tected by the B, against the New York this institution does not consider its any way ¢ to the controversy v and Henry L San Ao Doherty. Mindful of the depre: ck of Ameri as as scer Manufacturing nced receipt of th of the cur t ceived from the Co. an order for in the laying of pipe in Kan August 1 Oil. a trading favorite as ar sult of the Standerd Oil of New r, lagged today. 1 that Socor to vote July 30. On York meetir meet Augu what will be end decla by the two comg action PARIS BOURSE PRICES. PARIS, July on the francs 51' CHICAGO STOCK MARKET 8675 86 2,000, SHORT-TERM SECURITIES. (Reported by J. & W. Sclisman & Co.) (Bid. " ofter ®o N. W o Rock T Copper Co. 1934 55 1947 R.R. 4 b. Corp. 6 1939 Cn % & Fower 5s 1034, Festarn Flecinic Co. 3¢ 1044 Vheeling Steel Corp. 5'2s 1948, ~Prev, 1931~ Bales— High. Low. 145 64 2 L3 114 14 90 25 40y 12 14 14 1 Stock and Dividend Rate. Acme Wire.....: Aero Underwriters.. 1 Affliated Prod 1.60. 1 Alleg Gas.... 1 AluCoof Ampf (6). 1 Aluminum Co Ltd... 2 Aluminum,Ltd Bwar, Aluminum,Ltd Cwar. Aluminum,Ltd Dwar, Am British & Cont. . Am Cit PRL B b10%. Am Com P A (b10%) Am Com Po 1st pfA T Am Corp (f Am Cyanamid B Am Deyt Stores Am Equities Am For Pow war. . Am Founders. . Am Gas & F Am Laundry Mach Am Lt & Trac (2'4). Am Mfz Co (1) < Am Superpew (40¢). Am Superp 1st (6). » Am Superp pt (6)... ‘s Am Utll&Gen (B)vte Am Yvetta Co (25c). lo Chi} Nitrate. . Appalachian Gas. ... X o G cupf (60c). Ark P & Lpt (7). Armstrong Cork (1). Art Metal WKks (60c) Assoc El In Ltd 30c. Ass0 G&FL (A) (al). Assoc G & El war. ... Asso GRElall et 1.60 Asso Laundries vic Atlas Plywood (2).. Atlas Util Corp. . Atlas Utilities w Auto Vet Mev pf Tel of Can (8). neficial 1L (1%) ue Ridge Corp. Blue Ridge cv pf a3 Braz Tr & Lt (b8 %). Brit Am Of1 C (80c). Brit ATE 1.17 4 Buckeye PL (4). Burma rets 127 3 c Radio T vte Canada Marconi Carib Syndicate Cent Hud G&E (80¢). Cent Pub SveA b10% 12 Cent Stat El (b10%). 16 Cent States El war 1 Centrifug Pipe (60c) 1 Chain Store Devel. Chat Ph Aln v ( Cheshrough Mfg Colon Of1 Colts Pa Col Ol & Co Ple : Cmwlith Edis Cmwlth & Sou war.. om W3 ‘omstock Tun S0TO/COMD. +scissecivs *crp See Ch (L6%) & Iev pf A (6) sden Ofl. ... “reole Petroleum {the fact that the trend <on Consol t4c). ocker Whealer. ... i Intl (A land P L (2) Deere & Co (1.20) Do Forest Radio. ... Deisel W GHb (1% Derby Oll Refining. . Detroit Afreraft Cp Dresser Mfz B (2).. < Driver Harris new Duke Pow Duquesne ¢ Durant Mo Fast G & . Fast St Pow B (1), St Tt Ascoc o £ Uil Assoc ( ec Pow Assoc (1), ec Pow Asso A (1) ec P & Lt op war "ord M Can A (1.20) ord Mot 1L.td 36 3 Theater lin Mfg Co. . mewell Conf (8). tarlock Pk ( Alloys. .. Asiation dman Sach T C ME vie (f2 1ef At&Pac Tea nv(8) mur Corp (1).. Gulf Oil of Pa (1%4). Happiness Candy. .. Iecla Mininz (40c). Horn & Iard (21) fludson Bav M & S .. Humble Of1 (+23). Irdro Elec Sec 140, 1 Hygrade Food Prod. 11 Pow & Lt nf (6).. tmp Ofl of Can (50c) Imp Tob Gt Bri Indiana Pipe Line(1) Indistrial Finan ctfs Insull Inv (b6%). ... Ins CoofNo Am t2% ance Sec (10c). Intercontinent Fet n Int Hydro ev pf Int Petrolenm (1) Int Superp (+110). Int Utilitles A (3% fnt Utilities B Inte Squit! In nv pf3) tialian Sunernow A . Klelnert (1B) Rubber, Kolster-Be (Am Sh). 6'x Lefcourt Realty 1.60 Leonard O11 F mRsements AT S opan—e © o aere o Note—All stocks are sold In one hundred-share lots excepting those designated by the letter s (80s) (250s), which shows those stocks were sold in odd lota. Add 00. Open. High. < n 1 ek Aluminum Co of Am 12235144'3 145 . 102 102 THE EVENING STAR, WASHINGTON, D..C., TUESDAY, JULY 7. 1931.° Received by Private Wire Direct to The Star Office Stock and sa Dividend Rate. Add 00. Open. High, Lone Star Gas n88c. 7 17% 17Th Long Island Lt (60c) 1 30% 3015 Long Isld Lt pf (7). 2008 111% 111% Loulsiana Lan & Ex. 2 1 MacMarr Stores (1). Magdalena Synd. .. . Marconi Int Mar .367 1 Mavis Bottling (A).. ray Hos cum pf (4). May Rad & Teiev(1). Mead Johnson (t43) Memph N G Co (60c) Mid Sts Pet vic A Mid WSt Ut (1%) Aid West Ut (b8%). 36 Mid W Util A war... Midland Unit (b6%). Minne-Honey pf (8). Mo-Kan Pipe L (A). Moss Gold Mines. ... t American Co. Nat Bd & § Corp (1). at Family Stores. Nat Food Prod B. ~Prey, 1931 High. Low. 261 14 36 291 Low. Close. | 112% 10613 2% 12% 128 2 % 8" B R uH 4% 95 19% 19% 3% g 1% 1% 10 T 130 5% 1% 201 16 15 81 76 Bk 2% 104 Nat Invy Nat Unt Newber: New 1n wmol N Y Ste Niag-H Niag-Hi Nordon D I Nat Fuel Gas (1). estora. . Nat Pow & Lt pf (6). \at Service Co...... t Sh T Sec A $60c. on Radio. ... ry (JJ) 1.10. ET&T (8). New Jers Zine (13). New Mex & Ar L nt Mi; o am n (2.60).. ud Pow (40c) ud Pow A w.. 2 Niag-Hud Pow B w Niag Sh Md (40¢). n:t-Fond (1) lec Cp(40c). Corp Ltd. e Line (14) >ow A (8)... Pow pf (6) Northw Yeast Co 12) Novadel Agene (4).. Ohto Co! Ohio I Outboar Outboar PacG & Pac G & DDEr. .. o 5ne bSVDLA (T) 1 d Mot A d Motor Elstpf1%. Spr1.37%%.., Pac Pub Sve A(1.30). I’an Am Afrways Pandem Ofl. ... Pantepec Of1 Paramor Parke T unt C: »avis (11 Parker Rust P’r ( Patterso i oples Perr Philip M Phoenix S C p d Corp (40¢). & Pow (3) Lt&Pwr (A) Elec forris Inc. .. @3). Pllot Rad Tube A. .. Plymouf Polvme! Powdre Pratt & th Ofl (1).. t M2E. ... 1& Alex 214 Lambe Premier ¢ Prudential Invest. .. Pub Utll Hold war.. Pub Ut Pub Ut s\ 1 Hold Cp xw Hold cu of(3) d P&L e (6) es(40e) Ind full SieInd y 5 Sentry Safety Cont. Siliea G mith ( olar 0 Am ( al k NG h h C her 1d O 101 Stand O v en Min doah Cor: e 1osie e Hosle elorfs. . A 0) tefin W PTA (1%). EdpfB1%. Edpf C1%.. orp g n 1 ilof Ky 1.60. il Nebr (2).. il Oh1o (2%) ay Ol (b5 nl wilt & mpa F x Techn Cri-Con Tri-1 CO(2):avse e W Mach B. Slectric (1. olor. Ine t Corp war. . Tubize Cant) Tun Un Nat ol Lamp (1).. Gas Can (1). Un Tobacco Unit Chem pt pf (3). Un Unit Ga Unit Ga: nit Ga nit Lt Me t P&L U b L 1 u U 1 i 1 1 1 1 o ud U v Corp war Unit Fou unders. .. s Corp. . s war. : 8L (T)..... &Pwr A (1), Lt& Pwr pf (6). lasses, Ltd ilec Power ww B(atl.02%4). Ul & Ind. .. . Venezuela Petrolm Vie Finan Corp(40c) Walzreen Co Walker Welch Wenden Wil-low Wlwort " Ot T rates 1n *Ex d a Payable in_cash dividend stock. 101t &5 Dividend nuai payment. {Plus 5% 1 iPlus 2% in or stock (H) (50¢) e duct Copper. Caie nf (4). 2 2 20 WW) Lid, 1 & TITIVN 1ty Stite dollars based on last quarteriy OF semi-an- ividend. 1Partly exira. 1Pius 4% b SLOCK. b Payable in stock. e Adjusiment & Plus 6% in stock. hPlus 1's in n_stock. n stock. stock, stock. n Plus 8% in stoc CORPORATION REPORTS TRENDS AND PROSPECTS OF LEADING ORGANIZATIONS NEW YORK, July 7.—The following is a summary of important corporation news prepared by the Standard Statis- tics Co., Inc,, New York, for the Asso- ciated Press News Trend. news, other successful culmination of President Hoove debt moratorium, every de- velopment of which wes so vividly re- 1l ed in the scourity market, was the gain in automobtle production, despite at this season Favorable than the is downward and a holiday intervened. Actual figures for the week ended July vith 60.770 gars for the preceding week | and 98,514 cars for the like 1930 week. | The Companies. | Atlantic, Gulf & West Indies Steam- | ship-Clyde-Mallory Lines reduce charges |on boats operating between New York and Southern points 1 Capital Administration Co. reported net assets June 30 cqualed $1547 a | class A share on 143,405 shares, against | $14.68 December 31, 1930, | " Kansas City Power & Light May | Bross up 0.2 per cent, net earnings up, 9.2 per cent; 12 months' gross up 1 per cent, net up 7 per cent | Kansas City Public Service total re- | ceipts period January 1 to June % o | | 2.9 per cent, | _Kresge (S. 8.) Co. June sales up 4.3 | | per cent, six months off 0.3 per cent. | | .. American Woolen may shut down Old | Town, Me., plant because of high valu. | ation = Aviation Corporation (Delaware), sub- sidiary American Airways, plans daily | airplane service between Albany and | Cleveland and Albany and New York. | Chicago Great Western R. R. first| | half earnings ecstimated at 84 cents a 5 as reported hy Cram's automotive | preferred share. against 51 cents. reports were 60,970 cars, as compared | Dome Mines &id. June output valued | per cent; at $328,700 against $300,390 in May and $383.361 a year ago. Federal Knitting Mills declared 62'2 cents quarterly common dividend, but omitted usual extra dividend of 121z cent | (W. F.) Printing—Chicago plant operating close to capacity. Loblaw Groceterias Co. Ltd. class B share ecarnings, year ended May 31| $1.27 against $1.29. Maritime Telephone & Telegraph of- ers rights to preferred and common stockholders for additional common stock at $9.80 in ratio of one additional for five shares of preferred or common held. McCrory Stores June sales up 0.9 x months up 0.9 per cent. Inc. subsidiary, Pullman Export, gets order for 20 from Ferro Carrill Pullmai Standard Car passenger ~cars eiminal. Sparks-Withington Co. profit ob- tained in fiscal year ended June 30. Standard Oil of New York—Zarneson | group not depositing shares under plan for x};crgcr With Vaeaum Oil: hold ex- change basis of two and one-half shares Soccny-Vacuum for one share Vacuum is unequitable to Standard Oil stock- holders, Sales in thousands. 23 Alabama Pw 4138 5 Alabama Pow 35 16 Alabama_Pow 55 | 5 Aluminum Co 38 2 Aluminum Ltd 55 18 Am & Cont Co 58 5Am Cmwin Pw_ 65, 28 Amer G 3 Amer 18 Amer 33 Amer 6 Amer Rol 15 Amer 2 Amer 16 Appalach Gas 6s - 20 Anpalac Gas 6s B 13 Appalach Pow 55 24 Arkans P & L s 3 Asso Elec Ind 4138 '53 184530 G & E 4105749 C 23 Asso Gas & EI 55 /50 13 Asso_Gas & EI 55 '68 2ASGRE s '3 in of n 58 T By § Caterpillar 3 55 '60 Ariz &P 0 Cnwlh muh Ed 4725 D PR=FURI e o1l Pa 55 8t Ut 55 A & Lt 65 4 Lt 5 s P&L Elec_ o 2 Wiscon PAT. 1 Wiscon P&L 55 F 58 Ger Con 2 Gesfueral 6 13 Ham ES& 1 Hamburg_Elec” 7 1 0 1 5 4 Niopon EI P 5 Parana Brail 7 8 Prussia Elec 65 ' 6Rio dé Jan 6lus ' 1Rubr Chem 6s° A 14 Rubr G Co 625 A 18anta Fe Are Santiago Chile s " United EI Ser ww—With warrants. Xw-—_Without warrants. D—New wi—When issued. quiet; 814a0. | easie 12637, electrolytic, 4.00, DOMESTIC BONDS. 5 993 9970 967 9214 931a 9 74%n FOREIGN HONDS METAL MARKET. NEW YORK, July 7 Close. o 98% 10474 104 (#).—Copper spot and future, Iron quiet and unchanged. Tin spot and nearby, 26.12; future, Lead steady; spet, New York, 4.40; East St. Louis, 4.22. Zinc steady; East St. Louis, spot and future, 3.95a Antimony, spot; 7.00. New York Cotton Special Dispatch to The Star. NEW YORK, July 7.—In sympathy with outside markets, moved off- sharply $2 a bale today un- der the heaviest selling in some time. Following an initial rise of about $1 a bale, liquication discloced limited buy- ing power, and after losing all the early gain October sold $1 a bale below the previous closing level at one time. The on the day. points to 9.95. Cotton range: Spots were reduced 20 July . October December January March May Market | BY the Associated Press. CHICAGO, July 7.—S: the stock market, wheat averaged lower late today, relinquishing pains that re- sulted from a spurt of buyin® conso- quent on the war debt accord. Traders paid little attention to indications of a moderate export bus‘ness in North American wheat. All deliveries of wheat sold at within a fraction of the lowest figures of the season. Wheat closed irregular at % cents de- cline to 3 advance, corn '; off to i 'up, oats Ysal, down, and provisions varying from 10 cents setback to an equal gain. Close it 597 ) December . dee OATS — September December RYE Tuly i September December . Markets at a Glance NEW YORK, July 7 (P —Sta weak: leaders sag on profit-taki Bonds irregular; rails sag. Curb weak realizing extensive. For:ign exchanges strong; sterling and Frencn franc gain. Cotton lower; weak stock market. Sugar steady; firmer spot market. Coffee barcly ‘steady; European huying. CHICAGO. July 7 ().—Wheat irr ular; easy cash markets. Corn irreg. ular: light country offerings. Cattle strong. Hogs steady. BALTIMORE STOCKS. Special Dispatch to The Star, BALTIMORE, July 7.— Last pid m. pid. A & Deposit Co..... jonal Bank nee Co.. pid d_& Title Corp. com & Elec. 1t 4s & Flec 65 1048 lway 1st of whale oil in lighting. serving— EastonyPa. . . . New Bedford, Mass. Ithaca, New York . Elmira, New York Cambridge, Mass. Corning, New York Johnstown, Pa. . . Owensboro, Ky. years their ability to operate success. fully. They stood up bravely during dark days when the gas industry was said to be headed for the cotton prices | list ended with a loss of 14 to 20 points | FINANCIAL. CRUDE OIL OUTPUT | 87,954 Barrels in Daily Aver- | _ age for Week. | By the Associated Press. TULSA, Okla., July 7—Heavily in- creased production in the Oklahoma City field paved the way for a gain of 37,054 barrels in the country's daily average crude oil output last week, the 0il and Gas Journal reports, estimating the total for the United States at 2,483, | 425 barrels. | The Oklahoma City field's production jumped to 214,445 barrels, an increase | of 58985 barrels over the preceding week’s figure. was placed at 590,960 barrcls, an in- | crease of 47,210 barrels. East Texas showed a decline of 7,732 barrels with an output or 351,972 bar- REVEALS INCREASE Trade Journal Reports Gain of | The total for Oklahoma | *¥% 'A—15 rels in Kansas, boosting that State's vield to 102,890 barrels. | Eastern prcduction was down 2,500 | barrels at 108,000 barrels. The Rocky Mountain area produced 98961 barrels, | an increase of 1,704 barrels. Californla production totaled 507,750 barrels, a | decrease of 2,500 barrels. LEAD PENCIL TRUST. By the Associated Press. Thres great European lead pencil manufacturers have formed a trust in | an effort to reduce costs through a pooling of interests. A report to the Commerce Depart- | ment from Consul Geist at Berlin said the action was taken as a result of the | business depression. The firms of Faber-Castell, Johann Faber and L. & C. Hardmuth will retain | thelr independent organizations and | will continue to manufacture the spe- | cialties they have developed. At the same time, the report added, | the new organization was expected to result in more economical and rational- ized methods of selling and general management. rels. The Midcontinent total was 1.- | 547.564 barrels. a gain of 42,029 barrels. | Faber Pencil Corporation in Wilming- Included was an increase of 1 The new concern also will includ= the 050 bar- | ton, Delaware. Columbia Building Association 716 11th-St. N.W Under Government Supervision Pays 5% Let Us Refinance Your Maturing Real Estate Loan Compounded Semi-Annually No Commissions Charged 22 Years’ Successful Business Without the Loss of a Dime & Surplus $3,500,000.00 Would It Not Add Much to the pleasure of vacation travel. 1o be able to KNOW definite that your Invest- mer were being carefully looked after—your Income collected—Fixed Charges met, o L4 fOur TRUST DEPT, as vour general agent e T you h service, le cost. Ask us about it. SAFE DEPOSIT BOXES at nominal annual rentals. acting can at National Savings & Trust Co. The Oldest Savings Institution in the District of Columbia 65th Year N 1849, Conestoga wagons streamed across Western plains in the gold rush to California. In 1849 throughout the East, gas challenged the supremacy Pioneer gas companies operating in that year of the Forty-Niners included Rochester Gas Light Company and Worcester Gas Light Company—both part of the Associated System. Among other Associated gas companies and the years they were founded, are those 1850 1850 1852 1852 1852 1856 1856 1860 Companies Average 79 Years These companies are no longer doubtful experiments. Seasoned by time, they have established over an average of 79 1849 Worcester Gas Plant Cor. 15th and New York Ave. No. 1 of a Series of Adzer **Seasoned by Time scrap heap...they co- operated in research that gave new uses and new youth to the industry. .. they are ready now to share in the growth that lies just ahead. This expansion lies in domestic uses such as water heating, home heating, refrigeration, and wider use by the com- mercial field including retail establish- ments. In the industrial field, where gas supplies the need for accurately con- trolled heat, it is estimated that gas plants now supply only 10% of the load available. A Quarter Century of Group Management Associated properties will be aided in this advance l?‘\' group nmnzlgcment €S- tablished over a quarter century. The Associated System 1s one of tne first five utility groups organized in the country. Its chief ¢xccutives average 24 vears of seasoned experience with these proper- ties. Group management is enabling gas and electricity to make the swift progress being achieved. Long records of successful operation by Associated propertics combined with the advantages of a quarter century of group management are the best assur- ances of continued progress by the Associated System. To invest, or for information, see your security dealer, or address