Evening Star Newspaper, July 12, 1931, Page 55

ANCIAL " CURBSHARESEASE |™“*Shur row sl [ NEW YORK CURB MARKET TRANSACTIONS FOR THE WEEK AND YEAR Canadian mines from now on will be . | able to furnish a very large part of the world’s supply of platinum metals, ac- . cording to the Ottawa correspondent of 4 the American Chemical Society. Utilities and Specialties Prove Weak Spots—0ils Fairly Steady. 2Y JOHN L. COOLEY, “In addition to increasing greatly the outputs of nickel and copper from the mines of the Sudbury arear, the ex- pansion of operations at the propertiss of the International Nickel Co. of Can- ada has brought about a greater pro- duction of precious meials, including, of platinum, pelladium, 1l thenium, iridium and osmium,” correspondent says. { Acme besides gold and silver, larfi 1umm|cs. odlum, ru- | e FOR mll ENDING JULY 11, 1931 Stock and dividend. High. Low. Close. Wire. .. 4% 12% 1:“- Aero Underwrit, 9. 8 Affiliated Prod (160)... 20 19% Alabama Power pf ‘$).. 101% Allezhany Gas Corp, 1 Aluminum Co of Am. Alum Co'Am pf (6). Alum G'ds M (1.30' Aluminum Co. Ltd Alum Ltd cum pf Aluminum, Ltd (B) . Aluminum, Ltd (( ) war. Aluminum.Ltd (D) war.. & Stock ‘and_dividend. Gen TheatEquip ev p? GeorginPowerpf(6). Glen Alden Coal (4). Globe Underwr (16c) Gold Seal Elec new Golden Cea el Goldman Sacha T C.1o.r Gorham Mfg v.te. (£2).. Gotham KnitbarMeh Gramoph rets(pl) (58¢ GFphone Ltd c.0.d.(56c) . Grand Rapids V: Gray Tel Pay Sta (13%) - Graymur Coip (1). (RER SR AR NI Sosdesrss 2% Rossia Int Corp (10¢)... Ruberoid Co (4)... St Antony Gold. % St Regis Paper Salt Creek Consol. . Salt Creek Prod (1.4 Schulte Un be to$: Schul o Seaboard Utiliti 8le Ind full pd (5%). ] and dividend. 1+ 110+ + . Btoek - Toledo Eidisn pf(7) Triplex Safety Glass. Tri-contin’l Corp war. Union Of1 Assoe (2).. UnionTobaceo...... Unit Chem pt pf (3).. Unit COrp WAT.eeeeeseed [EE SN + oAb+ anam | « & Am Arch Co 13 Great At&Pac Tea n Sle Ind prior (514). Unit Founder: Asscciated Press Pinancial Writer. MEW YORK, July 11.—The curb arket slipped quictly downward in end session today. Utflitd ard specialties wer> hea but_offer- ings in most insiances we'e ijmited | and the turnover for the two hours was small. Electric Bond & Share was in fair gupply, breaking to around 40 for a net loss of more than a point. Ameri- can & Foreign Power warrants, Bra- zillan Traction and American Gas & Electric were down as much. Associ- ated Gas “A" also sagged, but re-| covered its moderate decline. Sclling of Deere, apparently in sym- pathy with the low price of wheat, carried the stock off a couple of points. United Verde was another soft spot, while Aluminum of America and Great Atlantic & Pacific ylelded about 5| points each. Many of the lower- priced industrials and specialties did | not trace. Oi's were fairlv steady, although Vacuum turned soft, losing 1'.. Local cil circles are hoping that the pro- | ducers’ request fcr a shutdown in the Oklahcma City field and the forth- coming special fession of the Texas legislature will have imoportant results. | SHORT.TERM SECURITIES. (Reported by J. & W. S!Hlmlnu;\fl' Co Allis-Chaimers Co. 55 1937 ..... 1 American Metal 5145 1934 American Tel. & Tel, $':s i04; Balto. & Ohio 4i=s 1933 5 4128194200 5571957 . Corp. 3125 Nor. Ry. Co. 4!3: Chicago Northwes Chicago Rock Island 4 415871036 p, 8 1937 1932 ch Corp. 53 1947.. farln il 55 1932 National Dairy Prod 5%,s 19 {.. Chi. & S 65 1932 Portland General Elec. 55 1935 n, & Sigel s 1840 55 1653 1 Virginia Railway & Pow. 53 1934 10: Western Electric Co. 55 1944 812 Whesling Steei Corp 51:s 1943. 93 QUTPUT OF STEEL CONTINUES LOWER Curtailment at Mills Has Left In- ventories at Low Point. Orders Slow. | By the Assoclated Press. NEW YORK, July 11—Although a bettor sentiment is reported in the stecl trace, the market itself remains dull and output c-ntinued to taper off in | the past week, with ingot production now placed at about 33 per cent of capacity. Mill cu:tailment has left in- ventories at a low point and the trade is raid to exvect that e full pick-up in bu-iness would have a fovorab'e reflec- tion in orders b> ked. Nemand js well sustained for structural sh-pes, but buying by the automobile and rail in- dustries remains inaciive. A further advance wes reported In scrap during the week and the pri~e undertone was generally steady. While some improve- ment in demand for pig iren has cecur- red sectionally, buying elsswhere is dull, with prices unchanged. Copper buying was at a minimum until the close of the week, when large producers reduced list orices ', of 1 cent to the basis of 8 cents for elec- trolytic delivered in the -Connecticut Valley. Metal had been previously available at that level through custm smelters, and the premium producers had asked for export copper restricted foreign buying until the price cut brought in an increased demand. Tin declined during the greater part’ of the week, owing to indifference of buyers, but rallied partially at ‘he clese fellowing announcement that Siam * agreed t) adopt the international tin ajicta scheme on a basis of a yearly allotment of 10,000 tons. Lead holds sieady, and although buying is restricted to carload lots, steady shipments against heavy buying in June takes care of smelters’ output and offerings are not pressed Recent advances in zinz prices failed to stimulate demand and the marke. “|eased cn increased offerings. DEPOSITS OF ALL LOCAL BANKS AS SHOWN BY CALL OF JUNE 30 ‘The call of Control'er of the Currency John W. Pcle, asking for the con- dition of all banis in Waskirgion on June 30, 1931, reveals the following de- Fosits in these inclitutions, compariscns beirg made with the last previcus call eon March 25: NATIONAL BANKS. Mar. 25, 1931, June 30, 1931. Bank of Wash.. $5,058,484.92 §0, 4,438 ,855.86 4,791,738.11 352,882.25 16,273,192.22 15,611,105.30 - . 9,065,693.74 ceees 19.149,660.82 18,817,001.81 Columbia Commercial . District ... Federal-Amer. Frankiin .... Liberty ........ 3,609,014.03 3 Lincoln . 7,288,544.49 Metropolitan National Capital 1.885.894.50 1 9.,385,446.51 4,805,745.42 Riggs .......... 59.371,165.03 57,586,294.01 6,716,125.89 Second .. 6,922,530.70 Increase. Decrease. 108,271.69 $239,785.77 $662,086.92 319,752.77 302,659.01 5,113,265.47 117,520.05 : ,680,455.44 71,441.41 6,815534.61 . 5 13,603,754.78 18,150,457.83 473,009.88 . 453,206.95 .796.013.83 90,880.67 1,784,872.02 212,404.81 Totals ......$160,839,290.28 $157,371,957.73 . $3,517,332.55 SAVINGS BANKS. Anacostia . $1,474,647.16 $1 Bi. of Brightw'd 834,614.05 Chevy Chase ... 1.049,117.01 Com. & Savings 2,048,266.54 1 Departmental.. . 1.525,127.14 East Wash. . 874,008.65 Industrial . 583,541.75 Inter-Exchange. 641,349.26 1.307,029.36 257,912.35 ,571,871.55 $97,224.39 897,672.38 63,058.33 87183221 $170,434.27 1390,177.85 ° 65,050.71 867483.16 . 614,366.89 30,825.14 711,518.05 69.668.79 % Am Capital ¢B). Am Cizar Copf. ... Am Cit Po&Lt B(b10%). Am Cmwith P A+h10% ). Am Com Pr B (b10%). .. Am Comwlth P 1st(614). Am Corporation (fi5c). Am Equitie Am ForPwi Am Founders. Am Gas & Elec ( Am Gas & El ot Am Investment Inc (B). Am Launary Mach (2).. Am Ltd Trac (23%).. Am Lt & Tracpf (1%).. Am Mg Co (1)..., Am Maracaiho. Am Meter (3). . Am Natural Gas. ... . Am Stat Pub Sve(al.60) Am Superpowr (40¢). ... Am Superpwr 18t pf(6). Am Superpo pf + 5 Am Thread nf «24 Am Util&Gsn (R)vte. Am Yvette o= t2he) Anchor Tost Feuse. Anglo-Chilean Nit Appalachian Gas Appalachian Gas wr.... Arcturus Radio Tub. ... Ark Nat Gai Ark Nat Gas A Ark N G cm pf (60c) . Arkansas Pwr&Lt pf(7) Armstrong Cork (1).... Art Metal Works (60¢). Asso Elec Ind Ltd(30c). Asso Gas & El (A) (al). Assoc G & El war. . Asso Gas & Blecctfs(8), Asso Gas&El all ct 1.60 Asso Gas&El pur rty, Asso Laundries vte Asso Rayon.... Atlas Plywood (2) Atlas Utilities Corp. Atlas Utilities(war): Auto Vot Machine...... Auto Vot g Ma ev pr pt. Aviation Securitie; Babcock & Wil (7). danfa Corp Bell Te: of Can . Beneflcial I L (1%) Bickford's, Ine (1.20)... Bigelow-Sanford Carpet. Blue Kidse Corp. . 4 Blue Ridie conv pf (ad). Borne-S " 3 Brazilian Trac Lt&P(1). Brillo Mfg (60c) . British-Am 0il C (80c) BrAmTob cou B 1. Buckeye Pipe Line (4).. Buffalo, N&EP pf(1.60) Buff Niag&EP 1st p{(5). Bulova W ev of (33).. Bunker Hill & Sullivan Burco. ine ........ Burma Ltd rets 127 Cable Radio Tub vie. Cabi & W Ltd. Brets. .. Cable&Wire pf rcts 19¢. Canadian Murconi : Caripo Syndicate. 5 Carman & Co (B)....... carnation Co J14) Celanese 1st pf (7). Cent Hud Gas&E! (8 Cent Pub Sve A(10% ) Cent & Sown Util (b7 %) Cent States EI (b10%). . ates Elec (war). ates ki pfe Centrifugal Pive Chain Stor Developmient Chain Stores Stock. Chat Ph Aln.v (1). Chesbrough Mg (15) Cities Servicergite). 4 Cities Service pf (6) Cities Serv. B B.pf16) Cities Ser pf B «.6v) Claude Neon Lights.Inc. Clev iee tlium (1.60). . Cleveland Tractor Coion UL 4+ 1 FEE LEEE ¥ Sa - BEE e EL sris"Feleses - 7 £% 1 FrSPresd F55 25 vi+lti+s + B 11+ VAt PEEEFL LY » SEE FEEE E¥ S GrUA&P Tea nf (1)... Groe Strs Prod Guardisn Invest Guif Oll of Pa (1%). ‘Hamilton Gas ret: HappinessCandy. Itine Corp (2). Hecla Mining (40¢). Horn&Hardart(2%) Hndson Ry Min & 8. Humble Oll (+23%) Hydro Elec Secur (1.4 Hyxrade Food Prod.. 11l Pwr & Lt pf (8) Tmp Ofl of Can (50c). ... Imp Tob Gt Brit (179¢).. Indiana Pipe Line (1)... Ind Terr H1u Ofl (AY. ... Industrial Finance ctfs.. Insull Inv (b6%)....... Ins Co of No'Am (12%). Insurance Secur (40c).. ntercont Pets new Int Cigar Mach Intl Hydro ev pf Inti Petroleum (1) Int Superp (1 10). Tnt Utflities A (3% Internatl Utilities(war) Int Ut pt pf (T)..o0 InterstateFquities 5 Interstate Equ v pf (3). Interstate Power pf (7). Irving Afr Chute (1) Italian Superpowr A Ttal Sunernower war Jersey Cent P&Lt pf (6). Kerr Lake. . Kress (SH) =p pf ( Lackawanna wec (4) Tazarus F&R pf(616). Lefcourt Realty 1.60 Lefeourt Rty nf(3) Ley (Fred T) & Co 1.ibl.v MeNelll & L. Tion Oil & Refinine . Tone Star Gas n (88c) Long Island Lt (60c). Tone Isl Lt pf ¢7). Tonisiana Len & Br Ludlow Mfg Asso (10).. MacMarr Stores (). MardalenaSvndieate Mapes Con Mfg ($3.75).. 4 Marcon! Int Mar (.367) Mass [7til Asso......... Mass Util Assocv pf 2% Mavis Bottling (A) May Hos cum of = May Radio & Telev (1).. Mead Johnson(t414) Melville Shoe 1st pf (6 &« Memph N G Co (#0c). Mesta Machine (2) ietal & Mining, Inc. Met Edison pf (6). Mexico ORInOML.. . .. Middle Sts Pet vtc A 22¢ Mid StaPetvte B. ... Mid West Sts Utll (1§). Mia West Uth (bR%). .. Mid West Ut A war... . MidWest Ut cv pf(8) Midiand United (b6% Miller & Sons Mifine Pwr&Lt pf Minne-Honey pf (6). Mo-Kan Pipe Line (A Mo-Kan & Pipe Line (B) Moh Hud P 24 pfi7). Mont Lt H& T (1%) Mountain & Gulf. ... Mountain Products (1). Nat AmerCo..... Nat Familv Stores. t] Fond Products (A) t Food Prod (B) t Fuel Gas (1) Natl Pwr & Lt pt Nat Pub Serv (A) Nat Service Co. a4 h Term Sec A $60c. NJ .. dio Nehi Corp (80¢). Neh!'Corp pf (6%) + 1+ = F5F 'Y - LR NN R Froeses s2 sz 9 S B 252 cFesfzss I+ T+ 1+ )+ +H r52 “sed 4141 e i 255 w2 ££ESE ¥ 2res s Sentry Saftey Control. . Sifhf : Shen Corp pf (a3).. . Sierra Pac Elec pf (6). Signature Hoslery Co. Signature Hosiery Co Silica Gel et. . Singer Mfg (t Smith (A 0) (2) Solar Refining. .. South Am Gold&Pl South Penn Ofl (1). SoCal Ed pf A (1%). So Cal Edis pf (B) (1% Sou Calif Ed pf(C) (1% 8o Colorado PwA (2) Southern Corp. SouthernNat Ga Southn Ne- Eng Tel(8). Southlamd Royalty(20c). So West Gas Uil Spanish & Gen rcts. Spieg May Stern pi Stand Dredging cv p! Stand Motors Stand Oil of Stand Ofl of Ky (1.60). Stand Ol Nebr (2)..... Stand Of) Ohto(2 %), Stand Oil of Ohio(5).... Starrett Corp. ... Starrett Corp pf (3) Strauss (Nathan) Strauss Roth. .. & Strook & Co (60e) Stutz Motor Car. . Sunray O1l (b5%).. Swan Finch Oil. Swan Finch Oil pf Swift & Co new (2). Swift Internat (3). Swiss Amer El pf(6 Syracus Taggart Corporation. Tampa Electric (32). Technicolor Inc. . Tech Hughes (60c) Texon Ofl & Land (1) Thatcher Sec Corp. Tobacco&Allied Stks. . . Tobacco Prod Exp (10c). Todd Shipyard (4)...... United ESEEEFEIEFESE 3 Fe £ LLLE+1+0001 » |_Lt|4‘ #°%2s - FEFEFERET |3 Utility Udlity UL ++++ 4+ 1 Utlity Venezu: Wayne (g *® seeEEPRes FEFESE PP & % Yukon Dividend rates P 1 Plus 5 Utd Gas Corpn Utd Light & Pwr of (6). Utd Molasses, Ltd Uth & Ind pf (1%). Vacuum Oil (2). Van Camp Pack. Vic Finan Corp(40c) Va Pub Sv pr (7) Voght Mtg Co (1).. Waltt & B. A (2) Walgreen Co. . ‘Walker (H) (50¢ Walker Mining Weich Grape Jul 4 Wenden Copper. W Va Coal & Cok: Wil-Low Cafeteria Wil-low Cafe pf (4). Woolworth (FW) Ltd. .., 5% Woolworth (FW)Ltd pf. 2% “Y"ON&Gas.......... 101% Ygstwn Sh&Tu pf(5%). Gas war. | RERRREE F B FJEFEXS - IR A NS - U 8 Inter Sec 1st pf....« U S Lines pf. US&Overseas war..... U S Playing Card (23%).. Unit Stores. . . Unit Verde Exten (1). Universal Ins (1%). % Utah Met & Tunnel, Utah Pwr&Lt pf (7) 1 Util Pwr&Lt (at1.0234). Ut P&AL B(at1.02%).... Pow & Lt pt (7). & Ind.... Equities. ‘ sssresd” 27 srF sy s ela Petroleum. .. Pump... T4 LI+ Gold Co % in dollars on annual payinent. “Ex-dividend, tPartly extrs. ble in cash or stock. b Payable in stock. cic. g Plus 6% in stock. ock. k Plus 10% in_stock. ock. p Paid last year—no regular I GRAIN VALUES SINK T0 RECORD LEVELS| All Deliverie: of Wheat in Chi | cago Drop to Lowest Point Qxce 1894. BY JOHN P. BOUGHAN. Ascocicted Press Market Editor. CHICAGO, July 11.—Notwithstand- ing President Hoover's denunciation ol‘ short selling and despite supplementary | statements from Federal Farm Board | sources, wheat fell to new low-price records today. The market closed at all deliveries in Chicago dropping be- low any level heretofore since 1894 and | Liverpool down to & new low level. | Mainly wheat selling in Chicago con- | sisted of hedging against country pur- chases, & process that more than counterbalanced the limited buying power in evidence. Wheat closed unsteady, 3sa% lower: corn, %xal% down: oats, %ally off, and provisions at 2a20 decline. Fresh receipts of wheat at Kansas| City totaled 1487 cars, compared with 1,108 cars a year ago. Arrivals of new wheat from Illinois points resulted in sales enlarging the amount stored by | elevators already cramped for room. No material improvement of export business was announced, although some Canadian wheat was taken for overseas, as well as quantities of domestic old | and new crop wheat. Corn and oats| followed wheat. Provisions were neglected. WHEAT — High Low Commodity Price Trends of Week BY H. N. MCGILL, Editor McGill Commodity Service, AUBURNDALE, Mass., July 11 (®). —Commodity prices declined last week in epite of the final acceptance by the nations involved of the moratorium of intergovernmental war debts and reparations. Out of 14 groups, eight declined, three remained the same, and only three were higher. It has come to be realized that the benefit of the moratorium at this time chiefly in changing sentiment. Funda- mentally conditions remain exactly the same, and any improvement depends | o 3| about thie| day s bobiomyquotations with | oas s Lei oe e A0 (LEe Tate ol Sk ness activity and consuming demand. Gradually, however, tangible results will be noted from the moratorium. Credit will be available in sufficient quantities to those countries in ‘need to instill activity into industry and commerce. Banking conditions in Germany and other countries will also be improved and ths way will be paved for the better distribution of gold ‘among the various countries. All Commodities. Noting specific changes in the in- dividual groups, the average for all commodities declined to a point about equal to the average before the Hoover oposal was announced. The decline was due to lower quotations in agri- | culture, live stock, industrial, building materials, fuels, non-ferrous metals, textiles. Industrial Prices. Only a fractional decline was shown by indusirial prices. due chiefly to re- se. | ccssions in _commodities in the non- |COTTON PRICES DROP ON STEADY SELLING Favorable Weather News Induces Liquidation, but Offerings Are Very Light. By the Associated Press. NEW YORK, July 11.—Cotton under- | went considerable liquidation and some | scattered selling today. | October contracts sold off to 9.39, or | 14 points net lower, but rallied a few | points toward the close on covering | and were finally quoted at 9.45. The 1 general market closed steady at net Ge- clines of 8 to 11 points. ; The opening was steady, 2 to 7 points | lower, in_response to the easier show- | of Liverpool and the favorable { weather news. Offerings were not | heavy and were sufficiently well taken t"° cause s![s%ht rallies during the early | trading. e demand was limited to some trade buying and covering, how- ever. The market eased again during the middle of the morning on a con- tinuation of selling movement, which | sent prices off to 9.05 for July and 9.62 ! for December, or 14 to 16 points net lower. This dip attracted some cov- | ering, and closing prices showed rallies of 4 to 5 points from the lowest. The market was comparatively quiet, and the trading was considered largely local, with prices moving on compara- tively small orders either way. Some regarded a smaller volume of business as indicating that scattering accounts | had been pretty well evened up and | that traders were now awaiting further developments either in the German o McLachlen ..... 2,284.80223 243092808 146,125.85 ; Colts Pat Eptemser ferrous metals and textlle groups,| financing or for a better line on the Morris Plan Bk. Mount Vernon.. North Capitol. Northeast .. Park ... Potomac . Prudential .. 1.022,050.53 4,226.451.69 1,407,272.89 1,698,285.53 3,370,380.55 3.627,530.18 361.752.39 1,063,887.30 4,276,162.51 1,432,984.00 1,745,714.23 3.703,068.18 3,648,261.56 402,956.55 41,836.77 49,710.82 25,711.11 47,428.70 332,688.37. 20,731.38 41,204.16 Sec. Sav.& Com. 5,959.238.£8 6.235.83446 276,595.48 Seventh Street United States. 1,954,567.63 1,982,893.86 28,326.23 2,560,903.75 2.672,81630 102,912.55 Wash. Mechan.. 2.950,104.29 3,128,274.13 178,169.84 Wash. Savings.. ‘Wood.-Langdon 717,076.31 486,901.92 759,972.44 42,896.13 553,929.78 67,027.86 Totals $41,467,400.43 $43,275,634.89 $1,808,144.46 TRUST COMPANIES. American Secur. $33,362,223.93 $32,228,982.18 e : 5,003,194.13 SRS et National Savings 13,718.892.53 14,344,531.50 $625,638.97 Munsey ....... 5,333,282.23 .. $1,133,241.75 330,088.10 Union Trust .. 9,223,827.60 9,296,027.48 72,199.88 Washington Loan 17.982,918.94 16,831,070.06 Totals ..... $79,621,145.23 . $77,703,805.35 RECAPITULATION. National banks. $160,889,290.28 $157,371,957.73 Savings banks.. 4146749043 43,275,634.89 $1,808,144.46 Trust companies 79,621,145.23 77,703,805.35 1,917,339.88 Totals $281,977,925.94 $278,351,397.97 (Compilation made by Audley A. P. Savage, auditor of the National S .. $3,626,527.88 & Trust Co.) HOW IS BUSINESS? Showing Current Business Activity compared with Same Week Last Year. York City. activity above the corresponding weel previous year. Black areas Indicate declines from same weeks 12 months earller. "ACTIVITY BY FEDERAL RESERVE DISTRICTS. ctions compared with the week 8 year ago. New York | Philadelphia —32.8% —16.2% Cleveland | Richi d 1,151,848.88 | ceee... $1917,339.88 $3517,33255 Columbla Uil & Columbla Pictures(75c). Com with kdisun E Cumwlith & Suu «war).. Com Wat Ser. (g12%3¢) .. Conrp His Am sh(ps ) Comstuck Yunnei. ... Consolidatea Aircraft. . Consol Auto Mer cifs. Consolidated Lopper . Consol Gas Balto(3.60).. Consol Gus UL AvZ.20). Consul Gas UUI B. vic. Consol Min&Sm (£213) . Consol Itetail Stores. Contl Gas & El pr pfi?). Cont Shares conv pf Cont Shares pf (H)..... Copeland Pr Inc (n).... Coigluip. .. ... E Corp Sécur of Chi (b6% ) Corroon & Keynolas. ... Cresson Consol (4c). Crocker Wheeler. .. » Crown Cent Petm (new) Crown Cork Intl (A).... Cumberland P L 12). CUrussAITpIs v e Curtiss W right war Cusi Mex Minin Davenport Hos (2). Duyton Airplane & Eng Deere & Cu (1.20). Ve Forest Kadio. ....... Detsel W Gilbert (1%4).. Derby Ufl & Refin... . Detroit Afrcraft Corp. .. Dinkler Hotels 1(2). ... Dixon (J) Crucible (8). Dow Chemical v2) Draper Corp (4) Driver Harris «new)... Dubllier C & Radio. Duke Pow t5) 5 Duquesne Gas Corp Durant Motor: East G & Fuel Asso, Eas Sts Pow B (1), Eastern Util Asso « rn Utll Asso ev. Eisler Eleciric Corp. Elec Bond & Sh (b6%). . K1 Buna & Sb ot 61, . /Elec Bond&Sh cu pf «5) lec Pow Asso (1)...., lec ow A Elec Shareholdg (b§%). El Shareh pf (a6%). ... Emerson B § Inc(B)(2). Empire Corporation. ... Empire Power pt (2 24) Empire Pub Sve (A). Engineers Gold. Europe Elec. Ltd A (60 Buro Elee. Ltd deb rts. Evans Wall Lead Fairchild Aviation. Fajardo Sugar. Falcon Lead Newberry(JJ) (1.10). New Eng Pow of (6) New England T & T (8). New Jersey Zine:43) New Mex & Ariz Land Newmont Minjng . N Y Hamburg“(2%). N Y Steam new (2.60 NY Tel ptaifig). Niag.-H.'Power ¢ “ H . PwrA war Hud Pwr (B) war, Hud Pwr C war. .. ag Sheres. Md (40e) Niagara Shares,Md war. Niles-Bement-.Pond (1) Nitrate CorpChile (B).. Nipissing. . Noma Elec Corp (40c).. Nordon Corp Ltd.. . Nor Am Aviation A war. Nor Am Lt& Pwr(b8%). North Am Utfl See. ..... North & Squ AmCor p A. Nor European Ofl Corp. . Nor Ind Pub Sve pf(6) Nor Pipe Line (4). .. North Stat Pwr A(8) . Nor States Pwr pf (8 Northw Yeast,Co 12) Novadel Agene (4) Ohto Copper. ... Ohio Ol n (cu)pf (6). Ohio Power pf.(6)...... Ohfo 'ub Serv pf A (7). Okla Gas & El pf (7) Outboard Mot (A). Outboard Mot B. PacG & F 18t pf (1%) PacG&EPL1.37%... rac Pub Sve A(1.30) Pae Western O Tan Am Afrway Pandem Ofl... Pantepec Oil. Paramount Cab Mfg. Parke Davis (+1.55). Tatker Pen (11) Parker Rust Pr (3) Patterson Sargent 12) Peninsular Tel(1.40) Pennroad Corp (40c) Penna Pwr & Lt pf(1 Perryman Electric. Phila Elec pf (5) Philip Marris Inc. . Phoenix Secur Corp. Pitney Bowes P (b4% ). Plymouth Ofl (1) Premier Gold (12¢). Prod Roy Cp (b10%) Prudence Co pf (7). Pub til Hold Corp xw. Pub Ut Hold cu pf(3) AR NN (IR B ¥ F1++) FEEPE ++ - - FEE +l+++ LI +++4+ RESEEF LS T + Pi+s #1044 00 001 ++ December RYE- Elermber December .. 40 WHOLE BOOK GIVEN T0 SERVICE CHARGE American - Bankers' Association Aims to Justify Levy to Meet Growing Costs. Service charges by banks, measured in equitable keeping with the individ- ual activity of a customer's account, is the subject of a book on commer- cial bank management issued by the | Bank Management Commission of the American Bankers' Association. In a foreword, Frank W. Simmonds. deputy maneger of the association, brings out the urgent necessity for banks to give greater attention to operating details in view of dwindling margins of profit caused by increased expenses of doing business while income has remained stationary. “The steadily dwindling margin of profit in banking has brought urgent need for greater efficiency,” he says. “While expenses have increased, large- 1y a result of concessions to customers under the stimulation of competition, income from loanable funds has re- mained stationary. Future gains in bank income must be derived from | heretofore little tapped sources, while established revenues are conserved by the elimination of waste and loss. The reception afforded by the public to the increasing use of tke service charge on checking accounts clearly indicates the willingness of bank customers to meet reasonable demands, and their confidence in institutions that seek | a sound basis for operations. “Essential but unprofitable services rendered by American banks levy an annual cost of approximately $300,- 000,000 against bank earnings.” . MORE THAN 10 MILLION VISIT MONUMENT Records for Period Since 1888 Show 76,752 Have Climbed 555 | live stock: cattle, hogs, sheep and lambs | which advanced so sharply in a re- | cent rally. Agriculture and Live Stock. Among those which showed the | Leaviest declines were agriculture and were all lower. Wheat ‘reacted to a | point that has not been touched for | many years. Fuels. Fuels again touched a new low due to declines in petroleum, kerosene and bitumincus coal. Petroleum is being sold at 12 cents a barrel in the East Texas section due to the fallure of pfa;;';llm dln that district. A sen- sa advance was registered b hides and leather. i i Vegetable Oils. Vegetable oils also increased sub- stanially over the previous week, with linseed, cottonseed,- coconut, corn and palm oils all advancing. Important Price Changes. This Previous Year week. week. ago. July 10, Julyd, Julydl, 1931 1931." * 1930. All commodities 59.0 8. Agricultural Industrial FOREIGN EXCHANGE. (Quotations furnished by W. B. Hibbs & Co.) Nominal gold Selling checks f today. sese 392ile 139705¢ 23.70¢ 82375 10.4213¢ ‘296Ne 2678 26.82':c probable showing of the end-July crop reports. Favorable ideas as to the latter ha been encouraged by the beneficial rains of the past week, but there is naturally some doubt as to whether these rains have afforded more than temporary re- lief, and weather conditions between now and the end of the month will have an important effect on final senti- ment as to the showing of the Govern- ment report on August 8. Freighter Runs on Mud Bank After Escaping From Bars. PLYMOUTH, Mass, July 11 (#).— After escaping from treacherous peaked hill bars, off Provincetown, where she grounded in the fog yesterday, the s | British freighter Crandcn was stranded again today on a mud bank in Plym- |cuth Harbor. The freighter went | aground early last evening in fog whici has blanketed the coast nearly a week. An effort to get her off on the morning tide failed, and another attempt will be made on tonight’s tide. She has a carzo of Mexican sisal. Lodge Boosting Dancing. Sir Oliver Lodge, who recently cele- brated his eightieth birthday. has join- ed hands with Sir Arthur Keith in bocsting dancing as a means of keep- ing healthy. The physicist learned to dance only in recent years, but he has found the exercise so pleasant and re- freshing that he now dances regularly and only regrets that he did not take it up sooner. STOCK AND BOND AVERAGES By the Associated Press. SATURDAY, JULY 11 7Bt Louis | Minneapolls, Kansas Gty Di S Francisco| pt %y Y S e . Sl Tl 5 ¢ sk " Fandanzo Corp. LEADING BAROMETEES. Fansteel Prod. . Gl S T Federal Buking Shop. owiiia actors. P Federated Capital Present trend. from sea “lintkote Co (A). Ford M Can A (1.20). Ford Mot Ltd (36 3-5c Foremost Fabrics Fox Theaterst‘las: Franklin Mfg Co Gamewell Co pf (8 Garlock Packing (1.20). Feet to Top. More than 10,000,000 persons have ascended Was! n Monument since it was opened to the public in October, 1888, it was disclosed today 1;' i released by Inspector Willlam years ago place of . S e I, S o o sal of W er m&!-lo;r:beulk. Of the half-million who ascended the » 1 T 115% Quaker Oats pf 6). 2% Raliroad Shares(40c). .. 32 Railway & Lt Secur (13) 1 Rainbow Lum ProdA % Raintow Lum Prod % Reiter-Foster...... R Business in dollars (checks cashed).. Employment (Department of Labor) ‘Wages (Department of Labor).. Downward Cost of living (Indusirial Conference Board) Downward ‘Wholesale prices (Fisher's Index)... vees Upward Agricultural prices (Department of Agricuiture Movement of goods (car loadings Retail trade (Federal Reserve Board, Building contracts (F. W. Dodge) . Failures (Dun’s).... Bond prices (Annalist) Stock prices (Annalist) Stock market volume (: (All rights reserved, Camb RXEOEE AR ) - +1 LErsTe FreseFrrsse (B e S 1% Reybarn Co.. % Reynolds Invest. Gen Capital Corp. Gen Elec Ltd rets(37 Gen Empire Corp (1) Gen Leather Co. . Gen Pub Sve pf 90 Roch Gas&EIpf D (6 14 - B'kland Lt & P (90¢c). LV L+40 - Su