Evening Star Newspaper, August 6, 1931, Page 14

FINANCIAL. uirement, the industry is not only' re- to another exceedingly dull month, but is even more reluctant than (Conttnued Prom Pass 13) Stock and 00. 1 26 62 Southern Rwy (m$). Spalding (A G) (2).. 6 Sparks Withing (1).. 10 Spencer Kellog (30¢: - o wleIRake522 BeBoume 8134 Stand Ol Cal (h23%). 99% Stand Oil Exp pf (5). 8% Stand Oil of Kansas. 30% Stand O11 N J (¥ . 18% Stand OII N Y (1. . 16% Starrett (LS) (12%). 5 Sterling Secur . 30% Sterl Sec cv pf 8 Stewart Warn 14% Studebaker (1.31 % Snperior O11 - @ BroanBland —a %255 G Sulphur 7% Texas Pac Land 18% The Fair (2.40)... Tide Water Asso Of Wat As pf (6). 28%, Timken Roller (3) 9% Tobaoceo Prod A t96c. 6% Transamerica (40c). 6% Tri-Cont Corp. . 90% Tri-Cont Corp pf (6). 28% Trico Products(2%). 6% Twin City Rap Tran <O % 45% % Union Bag & Paper. . TUnion Carb & C 2.60 UnoOfl -:cu.u). % 2 Dy 48% Unit Fruit (4) % 31 19% UtIiPAL A (e?3.16). 26 2 % Vadasco Sales Corp.. 0 21 10:30 A.M 1 Worth Pump B Wrigley (Wm) (4).. Yale & Towne (2) 15% 5% Yellow Truck. 14% Youngs Spring (3).. 11 Zonite Prod Corp (1) 30 RIGHTS. Expire. % Insur ShDel. Ang10 38 3 Sales of Stocks on New York Exchangs. Ward Baking pf (7) Warner Bros Pict... ‘Warren Bros (2) War Bros cv pt 108 West Pa Pow pf (§).. 30s ‘West Pa Pow pf (7). 108 estern Da 5 3 Westing El&Mfg (4). 138 Waesting E&M pf (4). 108 vaco Chlor (2). 8o anBlrrrn e 1% in preferred stock. k 3 Bo Tesui: Tate. B Phs 7% i sk REMEDIES FOR FINANCIAL ILLS HAVE AROUSED FEAR OF PUBLIC Recent Bank Runs Attributed to Alarm Among Depositors Over Proposed Changes in Monetary Systems. BY CARLTON A. SHIVELY. All obligations are in silver, even though emtrm’.z: in goud. | Banks are required to pay out only 30 | per cent gold and the remaining 70 Markets at a Glance I NEW YORK, August 6 (). heavy; New York Central sags to lowest price in 10 years. Bonds heavy; railsreach new lows. Curb heavy; Cities Service touches new low. Foreign exchanges ir- regular; sterling recovers. Cotton bare- ly steady; favorable weather. Sugar steady; trade support. Coffee lower; Brazilian selling, CHICAGO, August 6 (#).—Wheat easy; weak foreign market, large Rus- sien shipments. Corn easy; weak cash GERMAN BOND LIST IN HIGHER TREND Successful Reopening of * Banks Aids Foreign Dollar Obligations. % BY F. H. RICHARDSON. Spectal Dispatch to The Star. YORK, August 6—With the exception of German dollar bonds, which generally were firm or higher, both the foreign and domestic depart- ments of the bond market were sharply lower today. Highly satisfactory reports of the first two days of operation of the reopened Olrmln n banks brought bidding for Young plan 5i5s, Dawes reparations 7s 26% | ond T B e Gt advanced them from % to over a point. German industrials, utilities and munic- ipals were slow to follow, however, and in Rhine Westphalia Electric s, Prus- sia 6s and Siemens & Halske 6155 there were small declines. Austrian and Hungarian issues were quiet and little changed. Elsewhere in the (on*n list prices moved generally lower. The return of firmness in sterling quotations, which caused small gains in British bonds, was not emulated by South American ex- changes. Lower exchange quotations together with the slump of important commodi- ties—notably those directly affecting South America—caused breaks in the obligations of Uruguay, Brazil, Chile, Colombia and, to a lesser ¢xtent, the Argentine. Argentina’s announced in- tention of paying off $50,000,000 in 5 per cent one-year notes due October 1 was favorably receiv:id. Argentina has some gold in New York at present and will the further amounts neces- sary to meet the loans. Australian bonds were off fractionally on selling in London. Japanese issues ‘were firm, as were other foreign loans road, which are due Apri] close to 80, at which point their to maturity is around 24 per cent. High-grade bonds, both corporate and governmental, were firm and some their best Special Dispatch to The Sta: NEW YORK, August 6.—After hold- ing a slight gain for several hours to- day, the cotton market again made new for the eighth consecutive ober contracts broke 1931, e v BONDS o cmn] Received by Private Wire Direct to The Star Office D STATES. are n $1.000.) Sales Hieh Low. Close. Lib 334s 32-47.. 14 10215 10218 102 15 List43s33-47.162 103 6108 3103 3 438 33-385 55 104 26 104 23 104 25 40 101 15 101 12 101 15 110220 102 20 102 20 13 10223 10219 10223 1106 4106 4106 4 12 108 ¢ 108 2108 2 17112 8112 112 8 Low. Close. % 88 43-47. qqaaqg mwnnn Sules. Higd Abitibll P& P 5383 ';' gxn Allegheny 5t Alleg Corp bs '60. EETY Baas Atchis ev AtCL 1st 4 At Guif b8 59, At Ref deb 53 <™ FPTONS-TEY i 1 LT PPPSIVI - avZe Buff Gen El 4%4#'81 BR&PItt 4%8°57. Inland Stl 438 A'T8 Inland Stl 4s3% B'81 Int Rap Tr 68 Int Rap T Int Rap Tr int Rap Tr 78 Int & Gr Nor § Int& G Nad (nt Hydro EI Iat M Co bt Int Match Int Pap 53 Int Pap 68 '55. Int Rys C A 63 Int Ry C A 63847, IntT&T4%s 13t TET ev 4%8 39 Int T &T b8 'S5 Italy 78 °51. .. ttaly Pub Sv 7 Japanese 6%s Japanese §%s Jugosl Bank 7 Kan City Ter ¢s Luke Shore 3348 97 Lautaro Nit 6 ‘54 Leb Val ev 45 2003 5 a0 - T - PRI S JRVoO ] eRwasSieEga ok B 2 Texas Legislature Confront ed With Problem of Re- " ducing Production. By the Associated Press. DALLAS, Tex., August 6.—Legislative action which would effect a siash in East Texas ofl production was the hope % | held out to oil men of the United States Hennery, ' 24a26; current re- Can Nat 64 July ‘69 Can Nat 68 Oct "69. NYRysés A N Y Tel 4%s N Y Tel 6s NY WaB ¢%s — e DECLINE IN POUND STIRS SPECULATION IN LONDON ™ ONDON, Augwi 6—The drop in the value l: the pound sterling, w the ‘somewhat puz- e “fi, that the fiuc- Ei 9a2% : Hetdee: . §§§ 7:8508.15; , 5.75a7.60; m 1 was below last year, but the ] %g-% it gg’.‘é i tpeey Ll HH 8 1 i ; vealers i | i 53885 REL] e fast gri!l‘x‘! - | ceding week's decrease of 2.1 per cent '’ from the like 1930 week. cial system disturbances Austria, g South American Mexico, have gone or are going through these experiences. Public Fear. Measures sound enough in them- selves and designed to strengthen a country’s financial position often have to the disadvantage of calling the o e parids f _afls when _otherwise » been avoided. It is IS i § i understood, have made strong protests, but 30 far without Among other in Mexico, are the Bank of Montreal, Bank of Commerce, American the Banco Germanico | | “Bank, de la America Del Sud, and the Credito Espanol, which closed (Copyright. 1331.) CORPORATION REPORTS TRENDS AND PROSPECTS OF LEADING ORGANIZATIONS NEW YORK, August 6.—The follow- ing is a summary of important corpora- tion news prepared by the Standard Statistics Co., Inc, New York, for the Associated Press: News Trend. Electric output for the week ended: reported in the previous week. Output for the week, according to the National Electric Light Association, was 1,644, 089,000 kilowatt hours, a decline of 2 r cent from the corresponding week t year, and compares with the pre- | The Companies. American Stores common share earn- , six months to June 30, $1.88, vs. | 1930. Co. July salcs up 12.3 per up 6 psr cent: in operation July 31, liquidating value June 30, 193!, $2.98 sh $1.35, December 31, Ecol Lorocery Stores physical vol- ume of sales up 20 per cent from a year h Rapid Transit earnings available for lun.hl:‘t‘i-n Raflway 5 per cent dividends, 12 months ended June gl_)l,:fienc" $533,484 vs. net income $627,~ International Harvester allows cancel- lation of 1930 stock subscriptions by | MODS e and ol ": nq-";; i 3 ers privi for additional stock-at $50 a m'“m Iows Southern Utilities cuts primary rates from 11 cents to 9 cents a ats | N9 Niagara Share Corporation of Mary- | Q' res liquidating value June 30. 1931, Q14 2000 $9.40 a common share vs. $8.33 Dece! ber 31, 1930. S B e, 3 ‘monf June 30, $74,928,160 vs. .‘.‘% to comparable basis. Asphalt deficit, six months to income $208.- ‘2151-; 30, $170.660 vs. net equal to 50 cents & common share INVESTMENT TRUSTS NEW YORK, Atumn 6 (P.—Over- | the-counter market: > W 53 ¢ FBEEEFEEEEEEEE‘ > LD +880assallinati! ewallls FEFEEE F REETEE PP S o 53 ¥ SatteiBan * T REE sEF codiudiieeds SHas¥ i aves RIS | wunnpealantosnel PRFSTENT 30 0000 & ENEE BFFFT Aonttacine Srisi % Nl Sav & T (% NEW YORK, August 6 (#).—Bar sil- ver, % lower at 27%. :|Washington Stock Exchange SALES. Electric 5}2% pfd.—10_ at 11134, Mergenthaler Linotype—7 at T7%. AFTER CALL. Capital Traction Co.—10 at 40%. Bid and Asked Prices. BONDS. Amer_ Tel. & Tel. 4%s '30 m. Tel. 11, 5 Chi M & St P adi bn Chi&Nwn 4482037 1 C&Nwn 438 c 2037 3 ChiRI&Prt ChiRIevé% Chi RI&Pac 4 C TH&SE In § Chi Un Sta 4% Chi Un Sta %s B C& W indeviés's2. | Chile 6s 2| Chil Chile Chile 78 '42. Chile Cop db 58 '47. i|CCCastL4%sE. . CCC&StL5sD’'es Clev Term 4%s 77, ‘| Clev Term 63%s "72. 98" | Com Inves 5 %8 4. (1 ercial District (8)............. 1 -Amer. Nail Bk & Tr. @), 47 2208 §Ess-28 Bives ise) Second _(9e) .. Washington (i3} TRUST COMPANY. . Go. (18) ¥ s¥testc 388 Prince Georges Bk. & Tr. (8) Union Trust (8).......... ‘Wash. Loan & Trust (i#).2..00 SAVING BANK. nk of Bethesd: Bs Corcoran . Piremen's (8 National Union (15) eree TITLE INSURANCE. Columbis (6h) ... e Real Estate (6h)... 8! CCMd 1st rf 58 °50 NY 45 Gr gn ¢ 1 DRG& W st 5578 1 105% 105% 101 101 101% 101% 95 K9 109% 109 109 8L 80 81 Nia Sh Md 5%s Nord 6%s 80.. s . Rio de Jan %8 '53. - eepe B - ooy Ce BEmm s mme Sl FunlSlanlvacaatd - <ITH 2575 b £ '};%M i ity 3 $eaecH 5 s gaoged E F - 2 13 3 FEEE b 1 o 2528 soss !Hn =s§§===§=;§§§§=: 3 S TS H i L Hol o5-SetRatRiuld un Bulei -:::::...5:5.-.:: avenaie ] i