Evening Star Newspaper, June 20, 1932, Page 15

FINANCIAL. IVENING STAR. WASHINGTON, INTEREST CHARGES D. C, MCOKDAY, JUNE 20, 1932. FINANCIAL. **% A—I1S§ GURB SHARES FIRM {COPPER SELLING AGENCY | BONDS ON N. Y. STOCK EXCHANGE MAY BE REORGANIZED| BOND PRICES GAN IN AGTIVE MARKET U. S. Government Issues Again Lead Upswing—For- eign Group Improves. BY I. H. RICHARDSON, Bpecial Dispatch to The S NEW YORK. June ! tinued their advance led by United States Gove term issues. Trading wes fairly The forcign list, following the G group. also improved. he market opened with a firm tone Developments Lausanne brought about a much more hop-ful tone. 1 don amd Paris believed that a united European attitude on war debts and reparations was nearer than evir. There were reports itain and Italy would co- h France in extending fin istance to stricken Austtia This was reflected most directly in German government issues. The Young plan 5':s and the Dawes plan 7s had sharp gains to ncw highs on the re- covery. These bc 15 points above their 1 improvement in_ Germar through the industrial municipal group. car issues Berlin Bank rman and ich peans weden government bond: in Londeon. issue cans highe! Chile, wh Teported to have In the dome: has contintied investment list. services today od_cor notably the ol Two i bonds yiel large st tioi : ent and lists were of issues that give reasor Fractional advances occurre can Telephone 5s, Lo Electric 5s, Phi 5s, Corporation 5s, N g ) C 5s, National Dat Dugquesne Light 4! high-grade rails like 2 4s and Norfolk & W United Stales Gov bonds advanced . average adv n 13 act Treasuries and Liberties to 8 points from the 1 failures during the past weel $60.000,000. but ar no n in Gov e current phase of the commercial from short term of the son General stern first 4s, ent long term point. The fve involved alue to long term es, yieldin, is calculated to ssitous selling of | ation bonds found nd the bill ning the Rec n Fina Corporation €0 as to permit Ic the railroads for the pur by Chicago & Alton 3s. Erie 5s, Central 4%s, Missouri Pacific 55, ern Pacific 6s and Frisco 4 dustrials also improved. Dividend Meetings. NEW YORK, June 20 The com- ing week will be well studded with divi. dend meetings, as more important corporations are scheduled to take acf Meeting Wall | Street will follow with k e those of the Brook t Corporation, g Great N g Railway and Uni provement —_— Loan Retiréments Planned. NEW YORK, June 20 ().—Invest- ment circles hear the several corpora- tions which have extensive bank loans are not especiaily anxious to con 3 these indefinitely and will seek to retire them through the sale of bonds just as soon as the market looks a little better ted Gas Im- Washington Stock Exchange SALES. Wnsl}nr,g'cn Rwy. & Elec. 45 \l’?n'\Txx:'nn Gas 6s $1.000 at 9 ,000 at “A"—$1,000 at 99, 515% pfd.—10 at 102, BONDS. PUBLIC UTILITIES. Tel & Tel. 412 ‘39 Tel. & Tel. ctl. tr, 5 costia & Pot. R.R. 5s, Anacosua & Pot. Guar. 55 C. & P. Tel. of Va. 55..... 1 LR Sit Ammer Am Potomac_Ele Wash, Alex. & Mt on’ Gas 4'3s on Gas 5 = as 6s. ceries A Gas 6s. series B Rwy. & Elec. ds - MISCELLANEOUS. r & Ross. Inc S Y Club 5 Col. Country Club_ 51 Wash. Mkt. Cold Storzase = PUBLIC UTILITY. Amer. Tel & Tel. (9) Capital Traction Co. (1 Wash. Gas Light Co. (18) N. & W. Steamooal (12) " Elec. Power 6% pid Elcc. Pwr. £127 Pf Rwy. & EL com Rwy. & El. pfd ing fiz ston Stock Exc NATIONAL BA 101 99 101 81 . 100 937, i00ia bids, but dxed by rercial (stamped) t (8) mer. Natl. Bk. American (12, Corcoran (10 Firemen s National U Columbia (61 M Mer Natl. Mtge. Peoples Dr Real Est. M. & G Security Storage (5%).. Ter. Ref. & Wh. Corp. The Carpel Corp. (2). W Mech. Mige L *Ex. dividend. £2% extra bBooks closed. ¥ “epread | enewed | B nments | from | { Can Nor deb 75 *40. |CR&Qrts5s | C&WiIndsyse2. i ved by Private Wire Direct to The Star Office. High 101 8 10214 1 Tas M 414 23%,8J 40-43. ., 10424 fiich 15 13 9 4l Sales AbItib! P&P 53 °53. 10 Ab& St5ls 43... A'leghany Cp 5544 10 | Alleghany S i Allechany 2 Am Chain db 63°3 AmF P 5s Am1GCh Am Int1 5} Am T&T deb §5'60 ! Am T&T deb 5865 | Am T&T 510874 | Am Wat Wks Antioquina 7s 45 | 4s°C | Argent 65° 61 May. | Arzentine 6s B '58. | Arm 3 ANCLel4s Atl Ref adb 58 Australia 41 istralia & istralia s Austrian Ts " | Austrian 7s B& O 1at4s a8, | B&o0aiss 2 B&O 4139 60 B&O1 s 48 R&OrefésC B & O Toledo | Batav Pet 4155 | Bordeaux €s Pos & Me 5s '€ Brazil 614 Brazi Bremen 7 Bklvn Bd 52 A 49 Pklvn Man s A Pklyn UnGasj Bklvn Un Gas Budapest 63 6 h Ter co Bush T Bldg 55'60. Canada 43°60. .. Canada 4145 '36. Canada 5952 Can Nat Ry 41 Can Nat Ry 41 Can Nat Ry 41: | Can Nat 412568 CanPacdb4s..... 3 44546 Pac 15t 45°49, Cert-td db 514548, Ches Corp 5347 C&Ogen 4145°92., C&O4%s A CB&Qgn 4s P PSP RO -1 Chi & Est Il 55'51. Chi Grt West 45'59, M StP&P 55 * 1 & St Pady Chi & NW 435 Chi&NW rf 5s Chi RI&P rf 45 ChH{RI&P4lis ChiR141es ChiUn Sta 6%s " I Ralan 62. 11 12 Chile 6560 5 Chile s '61. Chile 6361 Jan. Chile 5’61 Sept. Chile 6363 “lev Term 43 16 8 Colomb 65 ‘61 Oct Colon O Colo & S o 25280 cnanamwas-le Con Pwr Jap 6158 Con Pow Japan 73 Hud 514’2 4135°62., 3 S5 D&RGr4 D&RG W D&RGW Det Edi 4245 D 61 dison rf 55'49 Deutsche Bk 63 '32 Dodze Bros 6s 40 Duquesne 4145 '67 Dutch East I 68'47., Dutch East I 68°62.. Erie gen 4s'96....., Brie ref 55°67 Erie ref 5s Finland 5%s'58 Finland 634s '56 French Gov 7s *49 French Go 7%s '41. Gen Cable 5%s 47, Gen Motors 6s'37.. 38 Gen Th Eq 6s°40. Ger Cent Bk 65°38. 19 Ger Cen Bk 6s’60J 16 Ger Cen Bk 63'60 0 38 Ger Cen Rk 75 '50.. 60 Ger Gen Elec 65'48 16 2 OV < (P Ger Gov 514 German 6%3 50 German Ren 78 GoodHopeS&1 7s'45 40 Goodrich 63 45. .. Goodrich 6145 47 Goodyr Rub 58'57. . Grand Trunk 6s ‘3¢ Grt Nor - Grt Nor en 75°36... Greck 65°68. | Fatts 6s° : | Hud & M adi 5s 23 18 | Humble O1l 58 '37 Humble O 53%s'32. 111 Bell Tell 58 56 111 Cent rf 43 1 Cent 4% s 66. .. 11 CCStL&N 5S A. . Inland St 4145 A'78 Inland St 4%s B'81 Int Rap Tr rf 55 °66 2 Int Rap Tr '66 sta Int Rap Tr 6s'32.. Int Rap Tr7s'32. Int Hydro E1 68 4 Int Pap 65 '55. Int Ry C A 63" Int Tel&T 4%%s'39. 10 Int T & T 4%s'52,, 12 Int T & T 58°55. Italy 7s ‘51 Italy Pub s Jugosl Bk Kan C FIS&M 4536 Kan City Sou 3s'50. Kan City Ter 48’60, Kan G&E 448 '80ea . UNITED STATES. (Sales are i~ $1.000 » Low 100 26 100 30 100 14 100 14 100 14 47 10120 10116 10116 Close 3 104 22 104 23 Low 10015 1008 5415 60'% 601 K7y 34 7% 42 a7y | Karstadt 6s°48 4 i Vienna6s 52 | Va El&Pwr 5 Sales. High. Lov,, Close. S T ) Kend 5145 48 w ] Kresge Found 6 Kreug & Toll 38'59. 11 Lack Stl fis A "50 Laciede Gas 5s 24. Laclede 53%s ("53. . Laclede 5155 D ‘60 Lake Shore Leh Valen 452003, Leh Ven 4%s 2003, Lig & Myers s '51. Loew's 65 "41. ... McKes & R 51ga'50. Manhat Ry cn 4s'90 Market Si 75 A 40. Marseille 63 34.... Midvale Stl 55 °36.. Milan 618" Ml E Ry & L §5'61. Mil El Rv&Lt 5371 MStP&SSMen 45'38 MK &T Ist 4590, MK & T adj 55 '67. Mo Pac £n 45 ‘T5... Mo Pac is F Mo Pac 55 G 78 Mo Pac Mo Pac 7 Mo Pac 53 Mont Pwr Montevideo 75 ‘52 . Mor&Co 1st 413839 Nat Dairy 514 8'48. . teel 55 °56 N Eng T Ist 55" Nw § Wales NY Cref 4! NYCrfan N Y Crefis? Y Cent db 63 NY NH&H 4 NYNHEH 6s 48 NY O&\W rf 45°92 N Y Telon 4le8°39 3 NY W& 475846 . & Wnen 4598 North Am Co 53 '61 Nor Am Ed 5s C' Nor Am E5h'e’ Ger Lloyd ¢s . or P'ac gn 2047 Pac 4s v Pacri 620} or St Pw 53 A 41, or St Pw €5 1341 prway 5563 orway 6341 rwayv £ 44 way 833 P W e A a) <1 T e Orfent Dev 65 '5: Pac G&F 5s 42 Pac T&T 1st 58 ' Param 47, Param- %4850 Paris-Ly M 6558 Penn 438D 31 Penn 4133 D70 Penn 53°64. ... Penn gen fs'68. Penn 614536, . Penn P&L 4% Pere M 15t § Peru 6360 Peru 63°61. Phila Co 55 '67 Phila Elec 4571, Phila & Ilead 6349 Phillip Pet 5% 3°39 Poland 65 '40. Poland 7s " Poland §s '50. Port Gn El 4% Pos Tel & C 53 '63.. Prague 714 Prussia €s ‘52 Prussia 614851 Public Serv 4s Pub Sv G 473567 PubSvG 4 Pure Of1 515 Pure 011 5% Queensland 6s°47.. Queensland 75 '41.. Read gn 4348 A '97. Rem R 514 SA'4Tww nelbe U 7546 Rhine Ruhr 6s'53.., Rhine West 63°52. . Rhine West 65 '53. Rhine W 63’55 ww Rhine West 7550, , R Gr Do Sul 6368, 0 Gr W 1st 43 '39 Rio Gr W clt 4549, RIAr& L 4l4s 34, 611 72 | Rome 614552 Roval Dutch 4s'45. StL IM R&G 45733, St L&SF 43 A StL&SF4y%s'T StL&SFis B SW 1st 53 &APY o Pan 7s ‘40, Seab A Lrf4s Sarbs-Cr-S175°62., 8hell Un Oil 5847, Shell Un O55'49ww Sinc Ol 6135 " 38, Simc O11 T A 37, neCrO5s 28, elly O115145°39,, Soissons 63 '36. Sou Bell T&T 5s '41 SW Bell T 53 A ‘54, Sou Pac col 4s 49 Sou Pac ref 4s'55 Sou Pac 4148 '¢8. Sou P 4%3°'6) ww., Sou Pac 4%s 1. Sou P&OT 4348 A" Scu Ry gn 45 '56. Sou Ry 53 '94 Sou Ry gen 635 Sou Ry 614356 StOIl N J5s°46..., StOUNY 4%s'51.. Sweden 5348 ‘54 Swiss 534846 Tenn E1P 63 A *47., Tex Corp cv 65 *¢ Tex & Pac 53 B 7 Tex & P bs D '30 Third Avrf 4s Third Av adj 5560, Teb P.NJ 6345 2022, Tokio 5%s '61 Toho El Pw 7 '55.., Toklo El Lt 6353 . UE&P StL 15t 55'32 Cn EIPSL ref 5233, Un Pac 1st 4547, Un Pac 4s * Un Pac rf 45 2008 Un Pac 4%s 67 Unit Drug 68 '53. .. Utd King 5%s 37, . U § Reibber 6847 UnSt W6l A4 UdStW 6%y A'51. UdStW6%aC Upper Austr Uruguay 6s Urusuay 8s 46, Utah P & L 53 44 Util Pw 5359 ww.. Util Pow 51347 Vert Sug 1st 754 8 352 .6 e Y PSP OISR O I CIOTTCT PR - - PO 2 Va Ry & Pw 51 '24., Va Rv 1st 53 A *62. VaSW 1stcn 5558 Wabash 1st 63’39 Wabash 55 B *76. Walwrth6l:s'35ww Warren Bros 6s "41 Warsaw 7s 58 West Eldb 5s°44. West Md 43 A '52 West Md 515577 West Pac 53 '48. ., West Union 6s 51, West Union 5s 60, Westphalia 6s '53 WEOG%s 37 ww, Wil & Co 1st 6341, Yokohama 6€s *61 Ygstn S&T b3 A'T Ygstn S&T bs B o 100 6714 42'% 57 5614 57 56'¢ Bandits who stole nearly $5,000 from a bank in Alexandria, Scotland, returned the money two months later by placing it in a crevice of the build- iog at night, SN CUT FOR FARMERS {Baltimore Credit Bank Re-i duces Berrowing Rate to 31/ Per Cent. Speclal Dispatch to The Star. BALTIMORE, Md, June Federal Intermediate Credit Bank of j this city announced today a reducuon: of its interest rate from 4'. to 3. per | | cent, which will be reflected in interest | rates chirged farmers by the local financing corporations, which discount | thetr notes or borrow upon them from the Federal Intermediate Credit Bank. | in the States of Maryland, Delaware, | | Pennsylvania, West Virginia and Vir- | ginia." Farmers' co-operative mirket- | Ing associations, which aeal directly | | with the Federzl Intermediate Credit | i Bank, will also have the benefit of a | lower rate | The bank has been able to reduce its| te frcm 5'. per cent (prior to April | 15) to the present low level because of | a combination of lower interest rates; on prime securities and because of the enactment by Congr of legislation | making the debentures of the Federal i Intermediate Credit Banks— cibal source of funds, aside liquid as i cligible ioans from Federal Reserve member Presi: v Jac says “The Federal Intermediate Credit Bank | of Ealtimore, since the first of the year. 20.—The has been supplying credit to farm n our territorv throuch 5 agricul- | ural credit corporations. 11 commercial ks and 2 co-operative ecsociations. In addition to the Stat cmbraced in our territory in the Con- tinental Uniied States, the Federal In- | termediate Credit Bank of Baltimore | cludes in its territory the Island of | Porto Rico, where it has been serving farmers’ financial needs through seven corporations and four banks We are having numerous inquiries from different seclions of our territory *videncing an interest in the formation of agricultural credit corporations. “With aking of an appropria- tion by gress £10.000.000, which the Secretary of Agruculture may lend, under prover limitations. on the | security of capital stock | loan companics and corporations. !to stock me counted with the Credit Bank. a o iderable 1 appears e 20 —White potatoes, ¢ 85a1.00: ba 1.50 100 pounds 00; swe barrel, . 50a2.00; u 0023.00; per 100, 3.00: 00 cele | crate, 1.73 . bushel 1.00; cor crate, 1.25a peas. bushel, crate, 1252400 pinach, bushel 50a2.00; t apples. bushel box, 3.50a4.50; strawberries barb, 100. 1.00a3.00 bushel te. 75a1.60; grapef es. box, 3.00a47 4al10; can blackberries, crate, 1 Dairy Market. young, 16a24 14216; 8a10 30235, Leghorns, | rns, old 8al6; | pair, | Chickens, | guinea fow | 20a25 Eggs—Receipts, 2,034 cases; | receipts, 121 |~ Butter, good and fancy cream 20; ladles. 13al4; process, 15a16 | packed, 10a10 Live Stock Market. | Cattle—Receipts, 350 head: Steers and bulls steady; cc Steers, good to_choice. 6 | dtum to good, 5.70a6.25 5 in to fair, 3.0024.00. Bulls. medium 5 fair to medium, 3.00 a3.50; plain to fair, 2.75a3.00; common to plair 25032, Cows, good to choice, 350a4.00; medium to good. 3 00 3.50; fair to medium. 2 to fair, 2.00a2 choice, 5.25a5.50; pigeons, current steady. dull medium to good, 500 5.25; fair to medium, 4.00a5.00; plain to fair, 3.50a4.00; common to plain 125a2.00. Fresh cows and Springers, 30.00260.00. Sheep and lambs—Recei head: higher. Sheep, 1.00a3.50; lambs. good to choice, 7.0087.50: ! mon to medium, 4.0026.00; buck lambs | sold at discount Hogs—Receipts, Lights, 425a4.70: heavies, 3.7 medium, 4.25a4.70: roughs, 2.5 light pigs. 3.80a425: pigs, 4.15a4.60: Western hogs 10 to 20 higher Calves—Receipts, 500 head: steady. Calves, good to choice, 500a6.00; com- mon to medium, 3.00a4.00. Hay and Grain. Wheat—No. 2 red Winter, spot, domestic, 57; June, 57; quotations. Corn—No. 2 3 42a43; cob corr Oats—No. 2 2.000 head: higher. garlicky, July, no| 2 2 v. spot, domestic, . 2.00 per barrel hite, domestic, 31',a32; No. 3 white. domestic, 30'.a31. Rye—Nearby, bag lots, 40a42 Hay—Receipts, none. Demand for hay of all kinds is limited and while receipts continue light they are ample for requirements. Good mixed hay, however, is scarce and in some cases will bring a premium over quotations of $12 to $15 per ton, as to grade and kind. Only good clover mixed hay will bring top values, the poorer grades of timothy being irregular in price. Straw—No. 1 wheat, $8a8.50 per ton: No. 1 oat, $8.50a9.00 per ton. | MARYLAND TOBACCO PRICES. BALTIMORE. June 20 (Special).— The Maryland leaf tobacco market was active last week, with receipts of 888 hogsheads and sales of 720 hogsheads, leaving a stock in State tobacco ware- houses of 19.610 hogsheads. ‘The weather has been favorable for plantthg and probably fully half of the intended crop is now in the fields. Scarcity of plants, however, will reduce the acreage below last year, according to State officials. Quotations for Maryland leaf tobacco today, per 100 pounds: Frosted and in- ferior, 2.0024.50; sound to good common, 5.00a15.00; medium to good. 15.00230.00; good to fine red, 30.00a39.00; fancy, 39.00240.00. Seconds, common to medium, 4.00a15.00; good to fine, 16.00a25.00; 1931 crop ground leaves, 2.00a12.00. Upper country burley, nominal. CHECK TOTAL DROPS. By the Associated Press. Checks cashed on individual bank accounts in leading cities of the Federal Reserve system showed a 4 per cent de- cline in value during the week ended June 15 as compared with the previous week. Total debits for the comparable periods follow, as reported by the Fed- eral Reserve Board: Week ended June 15 $6.736,586,000 . 7,039,514,006 Previous week. ... 11,663,435,000 Same week last year — The first convict fleet going to Aus- tralia in the days when Britain dumped her wrong-doers at the farthest end of the earth, was fitted out by the Society for the Promotion of Christian Knowl- edge with a library tactfuliy selected to its readers: 200 copies “Exercises | Against Lying.” 50 “Cautions to Swear- ers,” 100 “Exhortations to Chastity, 100 “Dissuasions_to Stealing,” and 50 By the Associated Press. NEW YORK, June 20 —Copper trade Interests believe it wili be necessary to | reorganize Ccpper Exporters, Inc., be- cause of the import duty placed on copper. The organization is composed of ! all important copper producers here and abroad, and its existing rules, it is | pointed out, can hardly be observed under the wide differential in domestic | and foreign markets to be created by the tax. Belief prevails in some quarters | that under the new conditions the American market may be left to homa producers, with the market abroad 3iven over to the foreign producers. Markets at a Glance NEW YORK. June 20 ().—Stocks | steady; ralls lose early gains. Bonds | steady: German governments firm. | Curb steady; trading stagnant. Foreigr | xchanges casy: sterling lower. Cotton | higher: steady cables; trade buying. | Svgar higher: firm spot market. Coffce lower; foreign selling. CHICAGO, June 20 (P) keavy rains Southwest: peol.” Corn firm: ligl ings; decreased visibl strong to higher. and higher. MON;EY MARKET. NEW YORK, June 20 (# —The money market today was quite as fea tureless as sccurity markets, which re- flected typical Midsummer dullness. Outside call funds continued avail- able at 11, per cent, with the Stock | e call rate unchanged per cent. Dullness ruled in the m: ket for time money and bankers' a ‘Wheat firm trength Live, country offer- supply. Cattle | Hogs fairly active | i | , ceptances, BONDS ON THE CURB MARKET. CRRARAR o 8. 593, 2030 “isy fic Pw & L 55 ‘53 n O Ed 5'ss B '39 54 9 aggn va vest_Penn 55 2030 Ces Tex Ut 5s A 57 scon P&L 5s F '58. FOREIGN BONDS. 4Buen Air Prov 7s 52 3Buen Air Pr 7iis 47 1Cent Bk Ger 6s A '52 2Cent Bk Co 6< B '51 m Pr Bk 5ls '37 2Ercole Mare 6'3s '53 3Eur Bl Cp 6lis 65 xw 12 Ger Cons Mun 6s '47 18 Ger Con Mun Ts '47 5 Gesfueral 6s 53 xw. - 2 Ham ES&U 5! 3 1 Hamburg Elec 1 Hanover Pro 6135 7 Prussia Elec 6< 54, . 1Rio de Jan 6'as '59 25 Ruhr G 'Co 61:5 A '53 1 Rul 58 i Soc 615 A '53 Indust 6iss " wi—When issued. Market Averages Ey the Associated Press. STOCKS. 50130, . 30 Indus. Raiis. Uil T Previous day .. Week ago Month ago Year ago Three years azo.2 Five years 1 High, 1932 Low.'1932 High, 1931 " Low.' 1931 | High, 1930 Low, 1930 EBarwatE e wwws EBefpatBtaguad e anuoamas 225 2 Fodayiiooote Previous day .. Week ago Month 860 Year Two ye Three vears ago, High, 1932 Low. 1932 High. 1931 Low. 1031 ['l.[ High, 1930 ... 94 014 1019 | * Low. 1930 . 833 973 966 926 (Copyright, 1932, Standara Statistics Co.) gt e e 2eaesees PR aoteauu 223838 2000 | The “y Private Wire Stock and Bale— Dividend Rate. Add. 00. Adams Millis 1st 7. 2§ Aluminum of Amer 50s 24% 24% Alum Co. Am pf(3).50s 35 35 | Alumn Goods(60c). 1 W 8% Aluminum Ltd. ... 1 10 | AlumnLtd cu pf(3) 1 234% | Am Beverage...... T 4 P&L A (a3) 2 19% jesP& L B. T anamid B... 20 Am & For Pw war. 1% Am Gas& El (11).. Am Gas & E pf (6). Am Superpower. Am perpower pf, Am Sup'pwr 1st pf. Anchor Post Fence. Arcturus Radio T. . Arkansas Nt Gs A Asso Gas & Electric AssoG&EADS%. As G& lct1.60. AssoG& Ect(8),, Art Metal Works. . Atlas Utllities. . Blue Ridge. .... Brazil TL&P (b8 % Brill Corp B. . Buff N&F pf (1.60). Burma, Ltd rets 4c. Cent PubSv A. Cent States Elec. .. Chain Stores Stk Cities Servi . ColG & Ecv pf (5) Comwlth & Sou war Low. Clese 59 59 667 | 1n | 100 | fl"l‘ » 8 = RO i 2 i TV E B 0 20 50 e 8 | Cons Gas Balt 3.60. Cord Corp........ reole Petroleum. . Curtlss Mfg A. ler Elec Corp. .. 20 & Share b6 % . Elec B &S pf (6).. 1 Aviation. Ford Motor Can A. Ford M Ltd. ... ! Fox Theaters (A). General Alloys. ... eneral Aviation. . en Leather, Gold Seal Electric. Goldman Sachs GUAUL & P’ Tea 1675 205 | GLA & P Tea pf (7)1508 Hazeltine Corp Hecla Mining Mudson Bay Min... 2 IP&LDL(E).... 258 Imp OffCan rg 50c. 26 Insurance Sec. Int Petrol (1).. 2 17% | New Eng Pw pf (6) 2508 2 CURB MARKET | Direct to The Star Office. Stock and Saie— Dividerd Rate Add 00. High. Int Superpwr (i0c). 2 5 Kolster-Br Amsh.. 1 % | Lack See (4)...... 1 21 3 LoneStar G (b6de) 2 3% 3 3| Met Edison pf (6). 100s 40 Midl West Utilities 5 % | Mountain Prod 80c 1 3 | Natl Fuel Gas (1). 2 10% Natl Pw&Lt pf (6) 100s 45% Natl Screen Sve(2) 1 121 Y Telpf (6%)... 258 107 & Hud Pwr(n).. 1 Pat GREl 1stpf1% 5 ParkeDavis (11.30) 1 | Penroad Corp...... 35 | Peppereli (4)..... 258 Phoenix Secur Corp Pie Bakeries, Inc. .. 21% 13 1% 21% i IN SMALL TRADING Oils and Utilities Show Better Tone After Early Irregularity. BY JOHN A. CRONE. Special Disoatch te The S NEW YORK, Jur 0.—Prices on tne | Curb Exchange improved about midday 3, j teday, after an frregular opening. Deal- ings. however, remained light through- out the forenoon Pilot Radio Tube A Pitney Bowes b4 % . moutn O1l ki0c. Pub Utll HIdx w.. Pyrene Mfg. . 2 QR S-De Vry. Radio Prod. . Reliance Intl A. . Reybarn. ... . * Roosevelt Field. 3 Royal Typewrite; St Regis Paper. ... Secur Allied (1)... Silica Gel ct.. .. Stand Ofl Ind (1).. tand P&L pf (7)., Stand Pub Srv A tarrett Corp pf. unray Oil. . wift & Co (1) wift Intl (t4)... Tampa Elec 2.24 Technicolor. Texon Ol & 1.4 (1), Tri-Cont Corp wr. 25 : }u“ 1 JS & Intl 1stp . ‘nited Stores vic, , w Pak pf., w alker Mining Wenden Coppir. fams 12 ¢ izht Harg X" Of) & Gas. Dividend rates i quarterly cividend R W payment Plus 4% & AdyuStinent” di\{iEng ® FAZINE o in' sk B 1% ook LB i 3o o stoe K10 in stock. m ¥ U stock. o Paid 3 Suta l\' e By the Associated Press. CHICAGO, June 20.—Evidence that the wheat market had become oversold resulted in a general price advance to- day. Much evening-up of accounts took place, owing to the fact that the new Federal tex on grain futures transac- tions was to go into effect tomorro ax will amount to 5 cents per ccmpared with 1 cent heretofore. closed unsettled, ".al!, above ay's finish: corn, “.al advanced: <l up, and provisions at a rise of 2'to 12 cents. $100 High. Low. 'STEEL PRODUCTION NOW AT 17 PER CENT i | Pipe Orders Feature Current Busi- state ness—Prices Have Been Holding Up Well. By the Assoclated Press CLEVELAND, Ohio. June 20.—An order for 2,500 tons of pipe which Bos- ton may possibly place in July is the largest specific business in prospect for steel mills, the magazine Steel sald in its weekly review. Cast pipe is a shade more active, the magazine said, Concord, Mass., placing 1,000 tons and Boston, 630, with Mil- and 36 inch pipe. Recent tank work taken by the Chicago mills totals 1,000 tons of plates Prices on finished steel, the magazine said, considering the demand, are years has the industry been making so determined a stand. downward in raw materials is un- checked. week to 22 per cent and Buffalo was up 4 points to 14. Chicago was steady at 18 per cent, Pittsburgh declined 1 point to 16 and Birmingham 4 points to 19. For the current week a slight reduction at Buffalo is the only change scheduled. The industry as a whole is operating at 17 per cent. CHICAGO LIVE STOCK MARKET Department of Agriculture) —Hogs— Receipts, 25,000 head, including 10,000 direct; fairly active, 10 higher than pounds, 3.70a3.90; 140-160 pounds, 3.65 a3.90; pigs, 3.25a3.€0; packing sows, 3.00a3.35; light light, good and choice, 140-160 pounds, 3.6023.90; light weight, 160-200 pounds, 3.75a4.10; medium ‘weight, 200-250 pounds, 3.85a4.11 eavy ‘weight, 250-350 pounds, 3.60a4.00; pack- ing sows, medium and good, 275-500 pounds, 3.00a3.50; pigs. good and choice, 100-130 pounds, 3.25a3.65. Cattle—12,000 hea calves, 2,000 head; fed steers and vearlings, strong to 25 higher; active at advance; all inter- ests buying, but shippers setting price pace; largely steer and yearling run;| bulk grain fed selling at 6.00a7.50 | early top, 7.75; some held higher; ex- cepting grassy kinds; slaughter cattle and vealers, others strong to higher; steers, good and choice, 600 to 900 rounds, 6.75a7.85; 900 to 1,100 pounds, 6.75a8.00; 1,100 to 1,300 pounds, 6.75a 8.00; 1,300 to 1,500 pounds, 6.75a8.00; | common and medium. 600 to 1,300 | pounds, 4.25a6.75; heifers, good and | choice, 550 to 850 pounds, 5.75a6.85; common and medium, 3.75a5.75; cows, good and choice, 3.00a5.00; common and medium, 2.50a3.00; low cutter and cut- ter, 1.50a2.50; bulls (yearlings exclud- ed). good and choice (beef), 3.00a4.50: cutter to medium, 2.50a3.25; vealers (milk-fed), good and choice, 5.50a6.50; medium, 5.00a5.50; cull and common, 3.50a5.00; stockers and feeder cattle, steers, good and choice, 500 to 1,050 pounds, 5.00a6.25; common and me- dium, 3.5025.00. Sheep—Receipts,~11,000 head: mostly steady; in-between grades light lambs numerous; lower in instances; desirable natives, 6.00a6.50 to packers, outsiders, 6.7527.00; some held higher; mixed yearlings and 2-year-old wethers, 4.25: lambs, 90 pounds down, good and choice, 6.0027.00; medium, 5.2526.00; all weights, common, 4.00a5.25; ewes, 90- 150 pounds, medium to choice, 1.0Ca 2.25; all weights, cull and common, waukee inquiring for 4.000 tons of 24 | holding remarkably well and not in | But the tendency | Youngstown Mills gained 3 points last | CHICAGO, June 20 (#) (United States | Friday; 180-220 pounds, 4.00a4.05; top, | 4.10; 220-260 pounds, 3.85a4.00; 270-330 | | the complete official list of transactions ew York Cotton | ! Special Dispatch to The Star. NEW YORK, June 20 -Following the reaction at the close of the week cotton prices steadied today and under a 10-point recovery closed 6 to 8 points higher than Saturday. B Predictions of showers throughout belt and heavy rains cver a large part of Georgia Saturday night had a steadying influence on trading. Spots ere advanced 10 points to 5.30 Cotton range: VALUE OF INVESTMENTS IN GOOD ROADS SHOWN By the Asscciated Pri | dating ‘investments. “Profits from improved highwa: he <aid today, “based on savings in| . transportation costs, time savings, and increased comfort and convenience in | daily life. mcre than equal the cost | such road building.” Cutler estimated prefits from the 700.- 000 miles of improved roads in th 1 United States are as high as $2.000, 000.000 annually, representing the ca ings over what travel would have cost had roads remained in an unimproved The losses that result in cities | where streets are unimproved are be. vond estimation, he said. Arundel Corporation. BALTIMORE, June 20 (Speciai)— | The board of directors of the Arundel Corporation has declared the regular | quarterly dividend of 75 cents a share on the company’s stock, payable July 1 | to holders of record June 23. The com- | | pany previously paid a similar dividend | | of 75 cents for the first quarter of the | year, making a total of $1.50 so far for | the vear. | May net income amounted to $107.000, | as compared with $224,000 in May, 193 s and for the five-month period to May 31 | income totaled $600.593. Current B-\S(‘L{! amounted to $3,466,139 and liabilities | to $307,978. POTATO MARKET. CHICAGOQ, IIL, June 20 (#) (United | States Department of Agriculture).— Potatoes—Receipts, 170 cars; on track, | 254 new, 65 old; total United States | shipments Saturday, 930, Sunday 25; new stock, stronger, supplies moderate, trading fair; Southern Bliss Triumphs, | |1.30a1.40; fair to ordinary, 1.15al.2: | Irish Cobblers, 1.30a1.40; fair qualit |1.151.25; old stock, dull, supplies mor erate, trading slow: Wisconsin round | | whites, few sales, 60a65; Idaho Russets, 90a1.00. S e Spanish Wheat Imports. By the Associated Press. A cable to the Commerce Department said the Spanish government has au- | thorized the additional importation of 25,000 tons of wheat and 300 tons cf hard wheat for the manufacture of starch. Payment will be made in pesetas, which the exchange control center will convert into forelgn exchange at stipulated rates | and in terms of 25 per cent of the amount due within three months after arrival of the wheat, 25 per cent six months after arrival, and the remainder within the remaining six months. CHICAGO STOCK MARKET CHICAGO, June 20 (.—Following is | in stocks on the Chicago Stock change today: 50 Abbot Lab. 100 Acme Stl xi 100 Dominion Co: 50 Am _Equities. 10Am Pub Ser pf. 50 Bastian Bles: 50 Borg-Warner 400 Bruce (E L).. = 2 70 Cent 1Nl Pub Ser bf.. 2 i 50 Cent & So West.. 3 20 Cent & So West pi. 1250 Cities Serv......... 250 Com'with Edis. 500 Cord Corp -\ 50 Gt Lakes Dredge 600 Grigsby-Grunow 50 Houd-Her B. 50Insull U pf 2nd Ser 50 Jefferson Elec . 50 Lindsav Let .......00 1530 Mid - West' Uil 10Mid Ut 7% pl 100 Modine . 300 Nat El Fow A 500 Nat Sec Inv 450 Nat Sec Inv bf 50 Norwest Bancorp xd. 450 Pines Winter .. . 100 Pub Ser 6. pf. 50 Quaker Oats . 30 Quaker Oats Bf... 100 Ryerson 700 Swift & 230 swrt Int? 50 Vortex Cup “A’ 150 Walgreen 150 Wil Oil- 50a1.75, '+ | peinted higher, 2l«las American Gas & | 3| 12| the new Standard Oil of Kansas in an | business in Oklahoma 508 2 25 1:,/at a new loy of mi Electric Bond & Share was virtua inchanged during the first two hou Standard Oil of Indiana, however, cid_such securitics lectric. Tampa Petroleum and Cities Service was a trifle International t & Co. Standard Oil of Indiana rallied fol- lowing news from Wilmington, Del, that it had filed a suit there against effort to enjoin the latter from doing which Indiana Standard claims as prior territory. With California’s crude oil output now of 480,700 barrels dafly, ghtly better interest in oil ¢ ating ‘in in there was es of State. plate glass ncunced toda week by that reflecting £ 1 d ch Lamp Co its preva months ago. International initial paymi The C. M. Hall fter omitting 10 cents three Inited Verde Exte from 12!, to 10 cents Superpower ordered an of 121: cents on the Kaynee Co. omitted . 1932, Cleveland ordered the usual T 1 the big board tke steady tone cf such wal Sccurities and Copeland Prod- ¢ ation orders ast week were up 144 per cent over those of the precedirg week, but the <h i t immediately respond to made the best issues. Cord Cor- YWwn after six suc- more than usual ¢ Tea opened ther the early were reflected ) oniy 30000 sk 40000 a week ago the dullest of any period last week. = . = BALTIMORE STOCKS. Special Dispatch BALTIMORE, 85 0aw 5t 285 bs. 4000 Urited Rwy & Ein 3000 W B & A Ra:lv First Mortgage Loans Lowest Rates of Interest and Commission Thomas J. Fisher & Company, Inc With Safety in Guaranty First Mortgage Securities High tvpe 1 by direct properties 's Capital. Denominations from S100. Mav be purchased on monthly payments. Send for Boo The Success Plan® | REALESTATE MORTGAGE & GUARANTY, | CoRPORATION 1610 K St. N.W. National 7403 A Generous Return on Your Investment Combined with Safety, when you BUY OUR FIRST MORTGAGE NOTES Secured on new brick homes in preferred northwest resi dential scctions. Every mort- gage protected by fire insur- ance and title guarantecd by responsible title companies. Conservative Appraisals Insur= ing Absolute Safety IN DENOMINATIONS OF $250 and upwards BOSS & PHELPS i417 K St. Realtors. National 5300 V;VE . for happiness Financial _independence and the happine: brings do not come miraculously . . . they “are the accumulated result of regular saving Start your account toda; and make gular even modest, deposits. Open Daily 9 to § Saturdays Until Noon wPTIONg, PERMANENT BUILDING ASSOCIATION ‘94"(949.’“ ST MW, 250 ot PERVISION U