Evening Star Newspaper, June 19, 1932, Page 57

FINANCIAL. THE SUNDAY CURB SHARES SELL INNARROW RANGE Price Changes Are Irregular in‘Dull Week-End Market. Sugar Price Gain Nearly 50 Per Cent Since June First By the Assoclated " ress. NEW YORK, June 18.—Sugar pro- ducers are counting on the curabilit of the American “sweet tooth” to sus tain a recent rally in sugar which has carried prices up ncarly 50 per cent | since June 1, the sharpest for any com- mogity in a long time. With production, still outrunning con- | sumption, there is a well defined move- | ment developing to cut down plantings. In Cuba, particularly, this movement appears to be gaining force. Advices | from the sugar island state that, with government approbation, Cuban pro- ducers may form a pool which would withdraw 800,000 long tons of raw sugar from the market. Latest available estimates BY JOHN L. COOLEY. Associated Press Financial Writer. NEW YORK, June 18—Irregular price changes marked a dull week end curb session today. Utilities were in- clined to sag during most of the morn- ing, but short covering toward the close made final prices mixed. Oil shares were stagnant, Indiana holding virtually at Friday's last quo- tation. Specialties also dragged through a monotonous trading period. Hiram Walker. Ford of Canada “A” and Deere, as well as most other low-priced issues, were virtually unchanged. Cord Cor- poration gave a little ground with the further relapse of Auburn on the big board. Consolidated Gas of Baltimore had a 3-point sinking spell on a few early | transactions. American Gas moved ir- | regularly, but was steady in the late dealings. Associated Gas “A” shaded off in a rather active turnover. Elec- tric Bond & Share offered considerable Tesistance to the easier trend of its group, finishing with a small fractional gain. indicate suming around 100 pounds of sugar per used on an average of 79.7 pounds of | sugar a year; in 1920—the year of rec- ord high sugar prices—91.1 pounds and in 1930, 104 pounds. His biggest sugar- eating year was in 1929, when he ate an average of 119 pounds of sugar a year. CORPORATION REPORTS TRENDS AND PROSPECTS OF LEADING ORGANIZATIONS. NEW YORK, June 18.—The following {is today’s summary of important cor- poration news prepared by Standard Statistics Co.. Inc., New York, for the Commodity Price Associated Pre Trends of Week BY H. N. McGILL Of the McGill Commodity Service, Ine. AUBURNDALE, Mass., June 18 (#).— Commodity prices during the past week showed marked resistance to bearish pressure, not only holding steady, but Tecording a fractional increase. All commodity prices turned upward for the first time in many weeks, and is a marked contrast to the steadily | declining trend in recent months, even | though the movement was limited. Out of 14 individual groups, 6 were higher, | only 3 lower, and 5 remain unchanged. | Industrial prices registered the first | increase since the middle of April. It is well known that the cost of produc- tion is not particularly influential in determining market quotations, but at the same time current statistics show | that because of critically low prices, which eliminate profit margins, new roduction is steadily sagging. Sur- = Teve also Indicate that while visible in- AheMndusisies. ventories of raw materials in pro- | Sugar—Sugar prices advanced 10 ducers’ hands are large, stocks in con- | Points to 3.90 cents a pound by princi- suming establishments are gauged down ' Dal refining ccmpanies. fo conform with the current limitcd The Companies. rate of output in fintshed goods. 2 Tinee! Public sentiment during the past |, Chteapeake & Ohlo Railway. week has been helped both by political | months was off 14.4 per cent. events and particularly through the an- | "Great Northern Iron Ore Propertics nouncement that gold redistribution has | to make no June distribution on cer- strengthened rather than weakened the | yificates of beneficial interest; paid $1 international situation. S i | December 28, 1931. Agricultural prices moved in conjunc- International Superpower Corporation tion with industrial prices. slightly | geclared initial quarterly dividend of higher than a week ago. The sharp | 121, cents on new $1 par stock: pre-| decline in wheat was counteracted by | viously paid 25 cents quarterly on old some price rebound in cotton and other stock agricultural products. Pennsylvania Railroad—No blanket Live stock prices also gained back reducticn made in salaries, but read- part of the decline recorded in the pre- | justments have cut payroll considerably. vious week. Building materials were |* Radio Corporation of America—Takes lower. The third group that declined 'no action on dividend on preferred A vas paint materials, caused by weakness | stock: paid 87!, cents April 15, 1932 in rosin, turpentine and shellac. | Sears, Roebuck & Co—Omitted quar- The three additional groups that in- terly dividend; paid 621> cents May 2. ereased during the past week were fine Armour & Co. (Illinois)—Assets of | and coarse textiles and vegetable oils. | Armouy Fertilizer Works, an affiliate, ‘The five groups which remain un- have been merged with fertilizer busi- charged were chemicals, fuels, non- pess of Virginia-Carolina Chemical Cor- ferrous metals, ferrous metals and | poration into & new company: & major- paper and pulp. g .| ity of stock of the new ccncern will be Most important price changes in | held by this company's affiliate. McGtll weekly price indices | Mid-Continent Petroleum Corpora- This Previous | tjon—Reported likely to obtain profit in | second quarter; in like 1931 period had a deficit of $2.073,198. Grigsby-Grunow Co. deficit, quarter ended March 31, $747,026. SHORT-TERM SECURITIES. S i | | (Reported by Chas D. Barney & Co) COTTON IS STEADY Allis-Chalmers Co. §s 1937..... 0 80 American Chain Co. 65 1933 "% 411y 45 American Tel. & Tel. 5!55 1943 100% AT SHORT SESSION 377 Ebe i 2 re & Ohio 4':5 1923. . 42z elding Hemingway Co. 65 1936 80 enem Steel Corp. 55 1936. 81 Nor. Rwy. 41:5 1935 90'% Northwestern R. R. 55 1933 42 ag0 Rock Island 4s 1934 . 28% Lor. & Wheeling 55 1933 ..... | Colorado & ‘So. Rwy. 4125 1935 | Commercial Credit Co. 5725 1335 I & Hudson Co. 55 1935 | Denver'& R0 Granae 413 1838 Gen Accep. Corp. 6s 1937 etroleum Corp. 55 1940 eral Public Service 5'2s 1939 By the Associated Press. | Grang Trunk of Canada 6 1836 s 1 E_& W. Texas 55 NEW YOR{(‘ June 18.—Trading in | gouston £ A e ©eotton was quiet today, an early decline Laclede, Gas Lish on improving weather conditions in the South being followed by partial recov- eries on covering and trade buying. July contracts after selling off to 5.08 early advanced to 5.14 and closed at 512, with the general market closing sieady at net declines of 2 to 3 points. Cotton range: News Trend. Following several years of drastic | price reduction, all leading tire manu- facturers with the exception of Fire- stone have joined in advancing tire prices from 11 per cent to 15 per cent, effective June 21. Whereas levels had | reached the lowest point in history and eliminated profitable operations for most companies, the new increase primarily has been designed to meet the excise taxes to become operative on that date, and to provide a small margin for the companies. A stimula- tion in production since enactment of the tax bill will probably be sharply curtailed later in the season until these stocks can be moved into consuming channels. No announcement of similar action has been forthcoming frcm the leading_mail order concerns, although Sears, Roebuck officials are reported to have stated that tire and tube prices as announced in the company’s Midsum- mer flyer catalogue will hold until the catalogue expires on Augast 31, 1932. May five w week. June 17, June 10. 1932 1932 473 533 9 372 61 346 All commod Industrials Agricultural L.ve stock Hides and leather Pine textiles . Trading Quiet, With Early Losses Partly Recovered in Late Cov- ering Purchases. Chi Clove Mot it & H. 4s 1933, Chi_ & St. L. 65 1933 Telep.' 41,5 1934. R. R Co. 6':s 1936 Portland General . 55 1935 Republic 1940 Sinclair Crude Oil Co. 5'zs 1938 Southern” Pacific_5s 1934.. St. L. IMS. Ry R & G. 45 1633 on Elec Lt & Pow. 5s 1933 Close_ | Union Oil Co. of Calif. &s 1935 51213 | Virginia Rwy. & Power 5s 1934 37-33 Wabash Rwy. Co. 5s 1930 Low. DULYE ooz oo 508 October 11! December January March Moy Londoners May Lock Cars. s e Owners ;)f automobiles are now per- mitted to lock their cars when leaving Speculators Take Losses. them in authorized parking places in NEW YORK, June 18 (#.—Foreign the London traffic area, according to exchange speculators who recently have |a new city ordinance, In announcing been switching their commitments | the new rule the minister of transport from dollars into British pounds have | said he hopes motorists will co-operate | suffered severe losses through the re- | when parking cars parallel to the curb eent sharp break in sterling, according 'by lcaving a space of 3 feet in front to exchange brokers. and at the back of the vehicle. "WASHINGTON STOCK EXCHANGE YEAR 1932 (Reported by W. B. Hibbs & Co., Hibbs Bullding, Washington. D. C.) OCCURRING ON THE WASHINGTON STOCK EXCHANGE FOR 1932 UP TO AND INCLUDING FRIDAY, JUNE 17. BONDS. BALES Approx. yield 16 Open. High. Low. Close. maturity. 5113 52 514 52 114% 99% 100 99's 100 5% 6 63 50 50 124% 49 49 49 49 121 100 101 100'% 100': 4.95% 100 102 100 101's 4.65% 108 107% 103' 10734 100 101': 99 100 100 100% 97 99'% 100% 103% 100 100 2 8¢ 9z 81 PUBLIC UTILITIZS Ana. & Pot. Riv. R R C. & P. Telephone of Va. 5t Capital Traction Ist 55, 19 City & Suburban Ry. Ist 5s, 1948 Georgetown Gas Light 1st 5s, 1961.... Potomec Electric Power, cons. 1936..... Polomac Electric Fower gen. & ref. 65, 1953.. Washington Gas Light 1960 . Washington Gas Light 63, 1933, series A. Washington Gas Light 6, 1036, series B. Washiagton Railway & Electric 4s, 1951. MISCELLANEOUS. Chevy Chase Club 5'zs, Sales. 810,000 1.500 33,500 23.000 13,600 29.000 10,000 46,500 109.900 30.100 €9,500 1st 5s. 1949 1943 1976. .. 100'% 100% 100%% STOCKS. Par Div. value. rate. §100 $1.00 100 12.00 109 6.00 100 550 20 360 100 5.00 Open. 181 135 110% 10212 8 86 High. 20 125 n2 105 %0 PUBLIC UTILITIES. Capital Traction Norfolk & Wash. Steamboat.. Potomac Electric Power pfd Potomac Electric Power pfd...... Washington Gas Light . i Washington Railway & Elec. pfd. NATIONAL BANKS. Metropolitan 100 1400 275 that the American public is still con- | capita each year. In 1910, the American | TRUST COMPANIES. Prince Georses Bank & Trust.. BAVINGS BANKS. Commerce & Savings TITLE INSURANCE. Columbia anes MISCELLANEOUS Columbia Sand & Gravel pfd. Pederal Storage Co. pfd : Lanston Monotype : : Merchants’ Transfer & Stor. com. Merchants' Transfer & Stor. ptd Mergenthaler Linctype Nat. Mtge. & Inv. pfd Peoples Drug Stores pfd Real Estate Mtge & Guar. pfd The Carpel Corporation Woodward & Lothrop pfd UNLISTED DEPARTMENT. Chepin-Backs pid..... . 10 100 100 100 100 100 . .None 100 None 100 100 60 % 100 e 7 % 10% 58 103% 95 74% 78 9% a 13% 212 3 8 80 & 4 4 a4 1002 7 9 107% 107 107 €915 20 66 95 8 55 10 3 . 7% e 2% 65% 10 102 102 102 1.8% LIVE STOCK PRICES | ' CONTINUE UPSWING iCattle and Hogs l'.luotedl Higher, With Sheep Values Holding Steady. BY FRANK I. WELLER, Assoclated Press Farm Editor. Initiated at Chicago last week, a sub- stantial upturn in hog prices has swept values 15 to 50 cents higher and Ibrought the top back in line with late April. Moderate supplies and increased shipper outlet made for an active | trade. Chicago paid 40 to 50 cents | more for hogs than a week ago and 30 to 40 cents more for packing sows. The top advanced to $4. The advance was only 15 to 25 cents on both classes at Kenses City, where the top rest>d et $3.25 but a constant advance all week | carried values up 25 to 35 cents at ast St. Louls. ll:'rhc top there was around $3.70 and the bulk went at $3.35 to $3.65. Omaha advanced 15 to 35 cents under light re- ceipts for a top of $3.30 on 100 pounds. After long weeks of Tecessions some saw in the about face indication that the seasonal upturn in hog as well as cattle prices may be under way. The former have been under the pressure of 5.000,000 head more on farms as of January 1 than a year ago. Tae aver- |age hog on that date brought only 186.14 compared with $11.36 last year. Advance Sustained. Cattle continued their stampede to- ward higher ground, fed steers and yearlirgs gaining 25 to 50 cents at Chi- cago where the top had moved up to $7.65. In-between grades showed the most advance in a trade made active by liberal Eastern buying of good to choice steers which, setting the price pace, pulled the lower grades up with them. The buik turned at $5.75 to $7.40. Most classes of beef steers and yearl- ings met a dependable outlet at Kansas City, where closing levels were strong to 25 cents higher and inbetween grades shared the full advance. Lightweight vearlings and fed heifers sold readily 25 to 40 cents higher. Vealers were steady to 50 over a week ago. | Light receipts promoted uneven prices ! at East St. Louis. While best steers were steady to strong common and medium varieties were 15 to 25 cents lower. Best mixed yearlings and heifers were strong to 25 cents up and vealers advanced 75 cents. There was slightly improved action to the market at Omaha. the demand for fed steers and yearlings showing health as prices ruled strong to 25 cents higher. Sheep. which added 1,000.000 head last year to an increase in numbers an- nually for the last 10 years are not| favored by any seasonal advantage. Prices were mostly steady at Chicago with spots higher. The bulk of good to choice native ews and wethers went for $6 to $6.50 in a market that topped at $7. . Lamb Prices. Fat lambs were steacy at Kansas City. Choice natives got up to $6.35 early but $5.75 o $6 10 took the bulk later. Early advances at East St. Louis slumped and prices finished 25 cents below last week. Omaha's 25-cent upturn was partly erased. Chicago wholesale values improved under the lightest volume of beef, veal. | upper grade lamb and pork loins in weeks. Steer meat Tose 50 cents to $1: | veal, $1; medium to choice lamb, 50| cents to $1, and pork loins, 50 cents| to $1.50 Steady to higher prices were quoted on most classes at New York. Steer and better grade lamb was up 50 cents to $1; cow meat, 50 cents; veal was, steady to $1 higher and mutton firm to 50 cents better than last week. Unfavorable Dividend Changes. NEW YORK, June 18 (@ .—U: favorable dividend changes last week rose sharply, totaling 129 compared with 71 in the preceding week, Stand- ard Statistics Co. reports. There were | 11 favorsble changes against 8 the week before. Investment Trusts NEW YORK, June 18 (#).—Over-the- ccunter market: Bankers Ban B: British Trpe Inv Central Nat Corp “A Central Nat Century Tr Chain & G d . Corporate Trust Corporate Trust A A Corporate Trust Crum & Fost Crum & Fo Crum & Fost Crum & Fost Deposit Bi S! | Depos | Depcs Diver Dive:sified Tr C . Diversified Tr D . Equity Invest Conv’ Stpd Equity Trust Shrs Five-Yecr Fixed Tr Fixed Trust Sh A Fixed Trust Sh B Fund Tr Shrs A Fund Tr Shrs B ... Granger Trade Gude Winmill Trad ... Huron Holding Incorp Investors Incorp Invest Equit Independ Tr Shrs =203 et Banue FOR WEEK ENDING JUNE 18, 1932 ~—1932— High. Low. 6% = % 85 93 Stock and dividend. Hig Ainsworth Mg ( Air Inv Ine v.te Ala Power pf (6) Ala Pwr cum pf (7). All Amer Gen Corp. « Allied Mills Inc. Ailied Motor Indus. Aluminum Co of Am. Alumn Co of Am pf (3). Aluminam Goods (60c) . Aluminum.Ltd (D) war. Alumn Ltd cu pf (3) 51 60% 6% 314 . 28 36'3 Low. Close. L L % 59 6% M k and dividend. Louisians Lan & Ex. . Ludlow ™fg Co (6). & MawdalenaSvndicate. Mapes Con Mfg(14).. s Utl] Asso cv pf 2% Mavis Bottling (A). Memph N G Co (60¢c). . e 2 Mich Gas & 0i) Corp Midl Sts Pet vtc. A. .. MidStalervie B. Midl West Utilitiess . Midland Royalty cv pf.. 3 Miller (1) & Sons PINANCIAL. —— Market Averages Ey the Associated Press. STOCKS. 50 20 20 90 Indus. Rails. Uts}. Total 89 385 384 Yesterday Previous da: Week ago Month ago . Year avo 2 Three years ago 21! Five years High, 1932 Low 1932 High, 1931 Low. 1931 High, 1930 Low,” 1930 8! > E8aTwat8Esw 2222825333 Sauusenmas: 16", S2822C522388! Gumomon—anua . 2 ] =l 5 1 Yestercay o 3 AUTOMOBILE TRADE ANTICIPATING TAX |Producers Rush Schedules to “ Meet Demands of Vari- i ous Dealers. Int Sec Corp Am A’ Int Sec Am 67, pf.. Int Am 6.5 pf . Inv Tr N ¥ Coll “A" Invest Trusiee Sh ...... Leaders of Indust A . Leaders of Indus: B Leaders of Indust C Low Priced Shrs .. Major_Corp Shrs Mass Invest S Mutual Inv Tr A . Mutual Manage . Nation Wide Sec Natl Irdust Shrs Natl Tr Shrs . N Y Bk Tr Shrs ... Nor Am Tr Shares . Nor Am Tr Sh 1955 . Ner Am Tr Sh 1926 Norfhern Secur . Oil Shares units Petrol Trad A Public Serv Tr Repres Tr Shrs Second Int Sec A .....0. Second Int Sec B ... 1Illl Sec Int Sec 67, 15t pf Secur Corp Gen $6 pf Sclecied Am Sh . Selected Cumul Sh . . Selected Income Sh Selected Manage Trust Spencer Trask Fund . Stand All Am Tr Stand Am Tr Shrs . Stand Collat Trust . State Street Invest Super of Am Tr A Super of Am Tr B Super of Am Tr C | 4 GenG & F Am Beverage Corp. Am Capital (B). Am Capital pf. : itP & LA (a3) Am Cit Pw & Lt B. Am Com Pow A. Am Cyanamid (B) Am Founders, : Am Gas & Elec ($1). Am Gas & £ pf 16). Am Invest, Inc (new) Am Inv Inc. war . Am Laun Mch 1.20 Am Lt& Trac (2%). Am Maracatho. . Am Salamandra Corp. Am Superpower. .. B Am Superpower 1st pf.. Am Superpower pf Am Yvette Co.. Inc...... Arcturus Radio Tub.... Ark Nat Ga Ark Nat Gas A. Ark Nat Gas cu pf. Armstrong Cork. Asso Elec Indus Assoc G & Fl war. Assoc Gas& EA (b5%). Asso Gas & Elec ctfs(8) . Asso Tel Utilities. ... Atlas Utilities Corp. . Atlas Utilfties war) . Atlas U"tll pf «3). .. . Auto Voting Machine. .. Bell Tel of Canada (7).. Beneficial I L (1%)..... Biue tidge Corp. .. ..... Blue Ridge cv pf (a3)... Brazil T.Lt&Pwr(b8%). Brill Corp A Bri!l Corp B. British-Am Oi Brit-A mT cou B 5435 Brit Am Tob reg kii1zc. Buckeye Pipe Line (4).. Buffalo, N&EP pf(1.60) Bulova Watch cv pf Bunker Hill & Sullivan.. co. Inc. conv pf. Burma, L.td rets (4¢). sutler Bros. .. Cable Radio Tub vto. Canadian Marcont Carip Syndicate. Carnation Co (73¢) Carrier Corporation. Cent Hud G&E ctfs 80c. Cent Public Service A Central States Electric. Chain Stores Stock Childs Co pf. Cities Service Cities Sve P& L $ Claude Neon, Inc. .. Clev Elec Illum (1 60) Clev Elec Hllum pf(6).. Cleveland Tractor. ..... Colombia Syndicat Colon Ofl. ....... Colum G&E cv pf(3) Columbla O11 & Gas vtc. Commwith Edison (8) Comwlth & Sou (war).. Community Water Serv. Consolidated Copper ... Consol Gas Balto(3.60) .. Consol Retall Stores. ... Cooper Bessemer....... Cooper Bessemer pf (A) Cord Corp " Courtaulds Cosden Ol Creole Petrolenm Crosse & B pf xw (3 Crowlev Milner Crown Cent Petrol. . Cuneo Press pf (6'3). Curtiss Mfg Co (A) Darby Petroleum Deere & Co. De Forest Radlo. . Detroit Alreraft Corp. Draper Corp (2)... Dubflier C & Radio. Duke Pow (5).. Durant Motors. . Duval Tex Sulphu East G & Fuel Asso. es Pwr (B) isler Electric Corp Elec Bd & Share(h6% ). . Elec Bond & Sh pf () El Bond & Share pf (6).. Elce I'wr As€o (60c) Asso (A)6ic. .. lec P&L 20 pf A (7). lec Shareholding. ..... Shareholdg pf(a6). Empire Power pt (2 24) Evans Wall Lead. Fajardo Sugar. . Federated Metals. Fiat receipt Ford Motor. Can.. A. Ford Motor. Can., B. ord M Ltd. Gen Alloys General Aviation . 1 Ltd rets (p36 3-3¢). Gen Empire Corp cv pf B(h6) n Pub Service pf.. Gen Theat Equip ev pf.. GeorglaPowerpf(6). Glen Aiden Coal. Gold Seal Electric. Goldman Sachs T C srham Inc pf. . & tAtl & Pac Tea (161;) 120 Grt A&F Tea pf (7). 114 Gulf Oil ot Penna. 43 2'3 17 1% 37 Hamilton Gas v.t.c.. Hartford EI L (2.75).... Hecls Mining. ... Hires (CE) Co A(2).... Hudson Bay Min & 8.... Humble Oil (2) s Huyler Stores of Del.... % 30 44 2 Huyler St. Del cu pf (7). Hydro Elec Secur(k10c). Hyxrade Food Prod.. Il Pwr & Lt pt (6) Imp O11 of Can (50¢) Imp Ofl of Can reg (50¢c) Indian Ter [llu Ol A Insur Co of Nr Am (2).. Insurance Security. ar Mach (2%). Intl Hydro cv pf (3%).. Intl Petroleum (1)...... Int Superpower (50¢). .. Internatl Utllities (B) . InterstateFquities 5 Interstate Equity cv pf. Interstate Power pf (7). Irving Air Ch(40c)..... Irving Air Chute (war). Italtan Superpowr A.... Italian Super deb rts. 2 Johnson Motor Co. Kirby Petroleum Lack Securities (4). Lake Shore Mines(12 LelcourtRity pf(3). Lehigh Coal & Nv(1). LibLy McNell & L. . . Lone Star Gas (bf4c). .. Long 1si Lt pf (7). LR I A 4 4 Sl ¥ 4 114 114 an 813 53% 8% 341 815 108 20 104 10% % Vit i b + 1+ + Dividend rates in dolla payment. stock. b Payable in stock. hPlus 1% regular rate. m Plus 3% last year—no regular rate. Mo-Kan Pipe Lin Miss River Fuel : Moh Hud P 181 pfe7)... Moh Hud P 2d pf(7) Mont Lt H& T (1%).... Moody's Inv Sve pt pf... Mountain Prod (80c). Nat Amer C5. Nat Investors. Nat Investors pf. Natl Transit (1).. 4 Nat Union Radio Newberry (JJ) pf (1).. New Eng Pow pf «§) New England T& T (8). New Jersey Zine (2) Newmon' Mining. New Process (o (1).. N'Y Steam (2 60) NYTelnf(6%)...... Niagara Hud Pwr(new). Nia Hud Po A wsn. . iag Hud Pwr B ws new Niag Sh, Md B (b5 Niles-Bem-Pond (60c) Niptssing. trate Corp C 3 Electric Coip. .. Northam W ev pf (3). .. Nor Luropean Ofl Corp. orth Stat Pwr A(8). North S Pow pf (7). Ohto Copper. Oilstocks, Ltd. eee Tac G&EL 1st pf (1%3) Pac Western Oil.. Pan Am Airways Pandem Ofl............ Pantepec Ofl. £ ParkeDavis (11.30). . Parker Rust Proof (3). . Penroad Corp S Penn Wat & Pow (3) Perfect Circle (2). 4 DIhPil Morris (new I’hoenix Secur Corp. . Phoenix c Corp pf (3). Pie Bakeries, Inc Plerce Governor. Pilot Radio Tube(A). . » Pioncer G M Ltd (12¢) : Pitney Bowes P (b4%).. ~ Pitts Plate Glass (1) Polymet Mfg. . Pratt & Lamber Premier Gold (12c) Producers Royalty Public Util Hold war. Fub Util Hold Corp xw. . Pub Ut HCp cum pf.. Pure Oll pf (8).. Quaker Oats ( Radio Products R R Shares Corp Rwy & Light Sec (1% Reiter-Foster. .. Reliance Intl (A) Rellance Manage: Republic Gas Corp. Reybarn Co..... Reynolds Invest. Richfield Oil of Cal pf. Rike Kumler. .. . Royal Typewrit Ruberoid Co (2).. Safety Car Heat & Ltg St Antony Guld..... St Regts Paper. Salt Creek Conso!. . Salt Creek Prod (1). « Seaboard Util (28c). Sec Allied Corp (1) Seeman Brothers (3). . Segal L & Hdwr..... Seiberling Rubber. ... Selby Shoe (1.40) Selected Indus (new) . Select Ind all cfs( ). Sentry Saftey Control. Shattuck Den Min. ... Shwan Water& Pwr (1 Shenandoah Corp. . Shenandoah Corp pf. Sillca Gelet. .. Simmons Board pf. Singer Mfg Co (8). Smith (A.0).. South Penn 011 (1)...... So Cal Edis pf (B) (1%) Sou Cal Ed pf C(1%).. South Colo Pow A (1)... Southern Corp Scuthland Royalty (20¢) Sou Wn G&E pf (7)..... Southwest Pen P L (1). Spieg May Stern pf. Stand Ofl'of Ind( 1). Stand Ol of Ky (1.20). Stand Oil Ohlo(2%). Stan Pow & Lt pf(7) ¢ Stand Public Srv A Stand Silver & Lead.. Starrett Corp pf. Sunray Oll.. Swan Finch Ofl. Swift & Co (1) Swift Internat Syraciise Wash Mch(B). Tampa Elec (2.24).. Tastyeast, Inc.. Technicolor Ine Tech Hughes (60c) Texon Oil & Land (1). Tobacco&Allied Stks. Tob Prod of Del w Tobacco Prod Exp ( Todd Shiryard (1).... i Trans Air Trans = Tri-contin’l Corp war... ‘Tung Sol Lamp (1) Ungerleider Fin Corp. Un Gas of Canada. ... Union 011 Asso(1.36) Unit Corp war. Unit Dry Dock. Unit Founders Utd Gas Corpn. .. United Unit Lt & Pwr (A). Unit Light & Power pf Utd Molasses. Ltd. ... Unit Shoe Mach (2%). U lec Power ww U S Fin Holding. U S Inter Sec 1st pt US Lines pf : U S Playing Card (1 Unit Stores v.tec... Unit Verde Ext'n (5! UHIPE LI 0. ot Utllity Pow & Lt pt (7). % Utllity Equities, Van Camp Pack..... Venezuela Petroleum. 2 Vick Financial (30c) Waltt & B, A (2). Walgreen Co. Walker (Hiram). Walker (H) pf (1).... Walker Mining. ... Wenden Copper. West Cartridge pf 6) Western Air Express. West Mass Co (2.40). W Va Pulp & Paper (1).. Williams R C (70c) Wil-lcw Cafe pf (4). Wilson Jones.... Woolworth Ltd k: “Y" Oll & Gas. T4 +4++1 (NN 4ok a4z 434 214 81 6 10 5 7% % 4%y 21's 813 6 10 5 " = Y 10 9% 12 (R ] tPartly extra. IPlus 4% in stock. 1 Plus 8% in stock. JPlus 2% in stock. in stock. n Plus in stock. based on last quarterly or semi-annual a Payable in cash or & Plus 6% in stock. k Paid this year—no Previous day. Week ago . Month ago . Year ago .. ... Two years 2go Four ‘years ago High, 1932 Low.' 1932 High, 1931 ..."! Low. 1931 .. High. 1930 94'9 1098 101 Low. 1930 ..... 833 973 9656 (Capyright, 1932, Stanaara Statistics Co.) 888 Sane BY EDWARD W. MORRISON. Special Dispatch to The Star. DETROIT, June 18.—The automobile industry has just witnessed a week of | feverish activity, during which the up- per most thought in every one's mind | has been the application of the ap- proaching Pederal tax. Dealers with sizable cash reserves— ;And particularly the dealers in the low- priced field—have been increasing their stocks on every hand. The new Ped- What Things Cost eral taxes become effective next Tues- (Compiled by Standard Statistics Co.) dey. Because the tax is a manufac- NEW YORK, June 18 (#).—Of the 26 turers’ levy, any cars in dealers’ hands important commedities in the following on which title has passed from the jtable. 3 e1e higher in price than lat manufacturer will require no payment week, 9 are lower and 14 remain un- to_the Government. |changed. Two are at their high for | The dealer who is able to accumns e wil 1932, while nine are at their low. an advantageous position. He can say to the prospective purchaser, even after June 21, “Buy s car from me anG you will be able to save the tax money That many of the dealers have been anticipating their car needs for the next few weeks is indicated by ship- ments from the factory this week and from drive-away lines. One Detroit trucking company, whose sole business is the hauling of completed cars to distant cities, had the heaviest week in its history. The chief interest in the minds of . prospective automobile purchasers is the size of the new tax and the method of paying it. Confusion seems always to exist with regard to new taxes and the automobile levy appears to be no exception. The tax on passenger cars and | chassis is 3 per cent, on trucks and | truck bodies 2 per cent, and on parts o7 V. B Hinbs & oy | S0 accessories other than tires and y W inbs & Co) | tubes 2 per cent. e law imposes a JoS0ld Sellng checks | tax of 4 cents a pound on inner tubes §3.62'n and 2'; cents a pound on tire casings. J@c | Spark plugs, storage batteries, leaf 1393 springs, coils. timers and tire chains 5111 are specifically named as parts or ac- 19.48 | cessories in the tax bill, whether or not + | primarily adapted for motor vehicle use. | The tax to be paid on an automobile or truck is. of course. based on the \-.};mlesnle price and not on the retail price. 28 3pagEaay 2@s ARboaoaa B o aaesoRRan0 2, - 25 = 2 3 . o 3R D e 1 nl 1) ' Butter, creamery. extr * | Cheese, flats. fancy.... # | Cofice. Rio. No_ 1 | Copper. Elce. Conn. olton. Mid-Upland 10 08 0538 0320 0352 0262 455 | Sitver 1235 Steel bars s Sugar. raw 026! 195 @ “ FOREIGN EXCHANGE. iy London, pound Paris, franc Brusseis. belga Berl ‘2'96'3¢ 19 82¢ 17.85¢ ' 18:52¢ (Copyright, 1932.) discount 26TH FOR CASH BONUS | Rate—Matu 3hes Au. 1 13, 1 Veterans Back Dry Law Repeal. PORTLAND. Me., June 18 (#)—The cnkee Division Veterans' Association in convention here yvesterday indorsed a resolution for immediate cash pay ment of veterans' bonus certificates. Another resolution advocating repeal 1| of the eighteenth amendment and fay- oring State control of the liquor traffic was adopted unanimously. Also 100 18-32 With Safety In Guaranty First Mort Wel| % “feeted investments in d Dean Urges Church Unity. Dean Inge is leading a campaign for the unity of churches in England. From his pulpit in St. Paul's Cathedral, in London. he preached a special ser- mon on “Reunion of the Churches. “There are about 200 Nonconformist sects in England,” he said. “There is no reason, except the spirit of separa- tion, why they should be divided from each other, or from the Church of England. The things which divide us are comparatively superficia; Guaranty Corp. 1610 K St. Applications on Residences Invited at 6% Glover & Flather 1508 H St. N.W. National 1753 Money on Hand to Loan on First Deed of Trust 6% Interest Reasonable Commission and Prompt Re Applications JAMES F. SHEA 643 Indiana Ave. N.W. Watch that pay envelope! SO many things have to come out of it, you can't be sure of having enough to go around unless you plan your spending carefully. With a John Hancock Home Budget. you can discover just how much of vour income should be apportioned to various needs, so that there is always enough to go around with a little over. Try it for a month and see how this budget will help you. as it has c{‘\;]p!d many others, to prevent the leaks caused by unplanned spending. =ik > — 1 %RANCE COMPANY OF BOSTON. MASSACHUSETTS Phone or Write for a Home Budget E. J. CLARK, State Agent 308 Albee Bldg., Washington, D. National 0016 SAFE BRI RS ASSURED INTEREST; SECURED PRINCIPAL You are putting your surplus funds to work at a very definite re- turn when you make investment in our 6%2% FIRST MORTGAGES Ozer a Third of a Century Thus you can compute your in- come accurately from the invest- 21 BANKS TAKEN OVER week. reopened during the Units to Be Consolidated. ment; and the security is repre- Without a Super of Am Tr D . Trust Shrs of Am Trustee Stand Inv G Trustee Stand Ind D Trustee St Oil A .. Trustee St Ol Shrs Trusteed N Y C Bank Trusteed Am Bk Sh Trusteed Am Bk “A’ Twentieth Cent Fixe Two-Year Trust Sh . . United Fixed Shrs . Unit Frds 1-70 com & Brit Int 53 pf Elec It & Pow “A Elec Lt & Pow ‘B” 2 4 versal Tr 8h , . IN WEEK JUST PASSED Special Dispatch to The Star. NEW YORK, June 18—Twenty-one banks, tying up deposits of $60,000,000, were taken over by the authorities for immediate liquidation throughout the country in the week just passed, the American Banker reports. Closing of several larger institutions caused & number of smaller associated banks to discontinue business. Ilinois was the hardest hit, four of its six closings taking place in Chicago. Newark, N. J., and Spokane, Wash., both had suspensions of banks with deposits over $12,500,000 each. The rest of the closings were widely dis- tributed throughout the country, June glosings mew number 44, ‘The year's closings now total 740, tying up approximately $383,000,000 in deposls'.aL Reopenings to date this year are 136. e POTATO MARKET. CHICAGO, June 18 (#) (United States Depertment of Agriculture).— Potatoes—Receipts, 128 cars; on track, 211 new, 55 old; total United States shipments, 1,086 cars; new stock, weaker, supplies moderate, trading slow; Southern Bliss Triumphs, 1.15a 1.25: few fine quality, 1.30a1.35; fair to ordinary, 90a1.10: old stock, weaker, supplies moderate, trading slow; Wis- consin round whites, 60a65; Idaho rus- sets, few salgs, 1.00. NEW YORK, June 18 (#).—Several units of the American Cyanamid Cor- poration will be consolidated with the parent company as of July 1 as a step toward simplifying the company’s cor- porate structure. Activities of the com- pany in industrial and heavy chemicals will be merged with those of American Cyanamid & Chemical Co., a subsidiary. ANNUITIES PROFITABLE—SAFE ALL FORMS—ALL AGES Representing Old Line Companies WYNDHAM R. WILLS Insuranee Annuity Broker 21 YEARS EXPERIENCE Chandler Bldg. MEt. 2719 National 2100 sented by coniervatively appraised improved Washington real estate. May be purchased in amounts from $250 up. B. F. SAUL CO. 925 15th St. N.\W.