Evening Star Newspaper, June 21, 1932, Page 13

THE EVENING 'I‘AR WASHINGTON, D. C, PRODUCE NARKETS 2=l Iasiei Syt e el e e & |Live Stock Price Gains Are|ker. Coftee, lower: poor spot demand. | Al Co,Ampea). 1" 35 %] Feature—Wheat Values CHICAGO, June 21 (P).—Wheat, easy; | AlumnLtd cu pf(3). 1 26 Shargly Lower. FINANCIAL. 1932, ADVANGE IN BOND BOI‘LD§ ONN. J;,fl?ffflff‘"cfl PRICES CONTINUES o Trading Volume Picks Up With Foreign List Fea- tured on Upside. TUESDAY, JUNE 21, N. Y. CURB MARKET Received by ‘Private Wire Direct to The Star Office. FINANCIAL. *»¥ A—I13 Markets at a Glance NEW YORK, June 21 (#)—Stocks, weak; industrials lead decline. Bonds, Hlm. Low. Close. steady; United States Governments firm. ” Stock and Bale— Dividend Rate. Add. 8. Hish Alabam Pw ptf (6).. 80s 51 Alabam Pw pf (7). 10s 58% Aluminum of Amer 1508 24% Alum Co, Am pf(3). 1 35 UNITED STATES. (Sales are in §1,000.) Migh® Low. Close. Lib31%s32-47.... 1014 100311018 Lib 1st 45 32-37.. 100 18 100 13 100 18 Lib1st 4% s32-47 10118 10116 10118 Lib 4th 43¢5 33-38 10214 10211 10213 U S 3s81951-55 9230 9216 9230 US3%s1946-49., 946 g";g‘r; US3KsM4l-43. 98 = 0 Kan C FtS&M 4536 US3%sJ40-43. 98 1 s 1S3%s 9 I :'::::-: -56. Bgzn Kan City Sou 3s'50. U S 45 44-54. 1025 Kan City Ter 45°60. US4ks4 104 22 Karstadt 6s'43. Kresge Found 65'36 Sales. High. Low. Close, Kreug & Toll 58'59. AbitibI PAP 5s°53. 18 158 15 15 Stock and Sale— Dividerd Rate. Add 00. High. Low. Close. L-ct See (4) 20% 20% 30% URB SHARES SLIP | Leonard ofi. & & Market Turns Irregular in Mining Corp of Can % % N-n PwkLt pt ) soq‘- 43% BY JOHN A. CRONE. | Newmont Mining. . 1 Int Ry C A 5s8°'72. Int Tel&T 4% Int T&T 4%s'52 Int T&T5s'55. Italy 7s '51.. Italy Pub 78 '5: Japanese 5% s '65 Japanese 6% '5 =19 o o 61 larger Southwest receipts; absence ex- Am Beverage...... 13 4% - port. demand. Corn, easy: favorable | Am Cyanamid B. 3 2 ity crop news: sympathy decline wheat. | Am Dept Stores. L Am Dept Strs 1st A §0s :‘ Cattle, Ateldy to n:ung Hogs, steady. | 70 I Gundes 1 284 Srmn AmGas & El (31).. 18 1814 Trading Sentiment. 1 AmLt&Tr (2%).. 2 8 v o NEW YORK, June 21 (Special).— | AT uperpower... 10 Sentiment toward the market at the " Sanan ta Bk~ Price gains on live stock soon after the middle of the month were offset by a weak market in wheat, says the ] Lone Star G (N‘:) . 3% 8 ‘ Mot Chap & x o Final Dealings After Moh Hud P 1st pt 7 50, 60 60 i Monmiamrraaor 8 % % % Early Firmness. BY F. H. RICHARDSO! Natl Steel war Nehi Corp 1 1y Epecial Dispatch to The Star. NEW YORK, June 21.—Bonds con- 3| Special Dispatch to The s NEW YORK, June 21 —Curb Ex- Am Sup'pwr 1stpf. 15 Lack St15s A '50... T614 FAnTSHparDaw et TS tinued their advance today, the im- provement embracing every group of sccurities. ‘Trading was slow at the start, this being the first day of appli- cation of the new Federal tax on bond sales, but as soon as it became apparent that the tax would make little differ- ence, volume picked up. The market opened with a firm tone. Adams Exp 48'48... Alleghany Cp 63”44 Alleghany bs 49 Alleghany bs ‘50 Allis-Chalm 5s'37 Am Beet Sug 6s°'35. Am Chain db 3. Am F P 552030.... Am1GChb%s’49, Am IntI5%8'49... Am Metal 534834 Am Sm&Ref 6347, 504 12 4lk% 63 64% 404 AN 50% 1% 9% i 10 18 a1y 20 62 LIL 40 TAN 50y 1% Laciede Gas 53 '34. Laclede 5%s D '60. Lautaro Nit 6s°54.. Leh Valcn 452003, Leh Von 4s 2003, Leh Val cn 55 2003, Lig & Myers 55 '51. Lig & Myers 7s "44. Loew’s 65 °41 La& Ark 55°69. Lou G & E155 A'52. Lyons 6s 34 81 50 % 34 39% 41 10015 116 70 25% 965 104'% United States Department of Agricul- ture, Bureau of Agricultural Economics, Market News Service. Most other farm products may be grouped as fairly steady in price. Butter markets were unsettled, with slow demand. Old potatoes recovered a littte at some points because of temporary interrup- tion of supplies, but the Chicago po‘ato market continued weak. Strawberries opening of the week was mainly bearish on account of the failure of stocks to respond to the vorious favorable factors in the week previous. Houses that a short time ago regarded the passage of the tax bill the completion of gold ship- ments to Europe, the defeat of the bonus bill and the operation of the bond pool as influences likely to set a buying movement in motion, were today in- clined to hedge and to suggest that their clients postpone purchases until the market situation becomes clearer. Arcturus Radio T.. Arkansas NtGSA.. A80G&EADb5%. Atlantic Coast Fish Atlantic Lobos pf. . Atlas Utllities. . Atlas Util wai Atlas Util pf A ( Benson & Hedges. Blue Ridge. Blue Ridge cv pf a3 Brazil TL&P (b8 %) | Niag Hud Pwr(n).. Niag Sh, MA B b3 % North Europ Of1. L North S Pw pf (7). 150s Ohio Copper Pac G&EI 1st pt 1% Penroad Corp...... Penn W & Pw (3).. Pitney Bowes b4 % . Premier Gold (12¢) 3 | change prices were irregular at the close ‘loda) Such changes as occurred car- | ried the issues fractionally lower in | trading that was almost as dull as on | Monday. # | Electric Bond & Share moved within 74| a quarter point range up to the finish. | Standard Oil of Indiana held steady around 18, even though several 1,000- » | share deals were made in the final half 1'a'hour. Cities Service also ranged nar- 12 rowly 101 6 100% 1004 1008, Overnight news from Lausanne was en- couraging. America’s insistence on dis- Am T&T 4%8°39.. Am T&T c tr 5346 Pub Ul HId x w B-A T cou B kidlze | Pure Oil pt (6).... 108 Near the close the food shares ap- Bulova Watch cv pt : of choice grade averaged higher as the peared with greater on the McKes & R 5135'50. aany armament as essential to any considera- tion of debt cancellation seemed to be bearing fruit. Bondholders realize that, given both disarmament and war debt cancellation, the position of European dollar bonds would be vastly improved. As a consequence there was heavy buying of German and other European bonds here today. Young Plan 5!5s and Dawes Plan 7s both reached new highs on the recovery. German bank bonds reached levels about 8 to 11 points above their 1932 lows, German industrials, utilities and municipals also advanced. The appreciation in the group now amounts to about $130,000.000 on the $1.309,000.000 of German dollar bonds listed on the New York Stock Exchange. | Austrian 7s are now about 24 points above their 1932 low. Austria is to re- ceive aid through a co-operative plan to which Britain, Italy and France are expected to subscribe. Greek, Hun- garian, Polish, Serbian, Czechoclovakian and Scandinavian credits were strong French, British and Italian issues were firm. United States Government long-term issues continued their advance, which has now gone on uninterrupted for more than a week. Wall Street believes that more than 90 per cent of the TY!B‘\IHPS and Liberties now being T}m are going into the hands of bankers switching from short-term Treasury bills and certificates and who are likely to increase rather than de- crease tneir holdings of Governments in the next 3 to 6 months. Railroad bonds again were the most active of domestic corporation issues. There were many advances. notably in Chicago & Alton 3s, Delaware & Hud- son 51,s. Missouri-Pacific 5s, Pennsy vania 61,5 and Western Maryland 4s There were a few small declines. Presi- dent Cahill of the Missouri-Kansas- Texas stated today that the road would | earn fixed charges in 1932 and would need neither loans nor ‘This was followed by sharp advances in the road'’s bonds. Utility and industrial issues were firm. Washington S{ock Exchange | SALES. 5—$500 at 991, A"—$300 at 98'5, 99, $2.000 Co—5 at 9z, 5 Washington Gas ‘Warhington Gas 6s $200 at 98'., $2000 at at 99 Capital Traction 91,, 5 at 9} voshington Rwy 78'., 10 at 787 8. at & Elec. pfd.—10 at 10 at 78!z, 10 at AFTER CALL. mac Electric pfd g gion Gas 6 31,000 99. Bid and Asked Prices. BONDS. PUBLIC UTILITIES. ~10 at 102 A"—$1,000 at 99, & Tel. 4'as s mannns e Alex. & Mt Vernon ctf on’ Gas 455 Serles & Series B & Flec. 4s MISCELLA! Barber & Ross, Inc. 6 Club 51.s GOl Coury G i Wash. Mkt. Cold Storage 5s STOCKS. PUBLIC UTILITY. Amer. Tel. & Tel Cepital Trac Wash. Gas L N & W ost Pot. Elec Pot Elec. Pw Wash. Rwy. 3 AWash. Rwy. & EI pfd The following figures are not bids. but merely revresent minimum prices fixed by nngton Stock Exchange NATIONAL BANK. Min. price Gas 6 Ruwy NEOUS. (14, (stamped) (10) atl. Bk, Tr. (3 Liberty 5 . \Lincoln (10 \Metropolitan’ (14).. Risas (151 g Second (9e) Washington (12).. TRUST COMPANY. Amer. Sec. & Tr. Co. (15).... Nail Sav. & Tr. (130} Prince Georges Bk. & Tr. Union Trust (8<) Wash. Loan & Trust (14) SAVINGS BANK Bank of Bethesda (6§)........ Com. & Savings (10 East Washington (12) Potomac (101 Sec. Sav. & Com. Bk Seventh Street (12) United States (30) Wash. Mechanics (20) FIRE INSURANCE. American (12) Corcoran (101 Firemen's (8) National Union ( 2 TITLE INSURANCE. 2 (6 Estate (6h1 MISCELLANEOUS, Med cal Bldz Corp. (61... 90 ). Colu Real Col. 1 Morotype Stge. com & Stee. p! rgenthaler Lin Natl. Mtge. & Iny Peoples Dri Real Est_M be Wi 6oy, pld. (8) Stcres pfd. (612) & G_pid (8) Storage (5¢) & Whe Corp. i3} Mech Mtze. com. (8} Wash. Med. Blde Corp. (81 Woodward & Lothrop com Woodward & Lochrop pfd ( Ex dividend 82 bBooks closed. 32450 n2sc extra 130c extra 4§17 extra extia. extra extra. Market Averages Ey the Associated Press. STOCKS. 50 20 20 80 Rails Ul Total Today 153 584 379 Previous d Week ago ... Month ago -aafluq:::h'—v: 2553: PPOteptatiratel High, Low Low, D o 53y BE8I5858 Sambwanmeon SS228250088 Labbcuiawms, SR Today Previous da Week ago Month az0 . Year aco Two vears ago. Thiee vears ago High, Low. 1 High. 1 Low. 1931 3 62 2 High. 1930 . 1 Low. 1930 ... 8 (Copyrignt, 193 peansd LA ND DN SSRETR28! . Standara Statistics Co.) refinancing. | ! i 1 Am T&T deb 58°60. Am T&T deb 58 '65. Am T&T 54843 . Am Wat Wks 6s°75 Argent 63’ 61 May. Argentine 6s°59 Ju Argentine 6s ‘69 Oc Argentine 63 A '57.. Argentine 63 B '58. Arm & Co 4%8 39 Arm Del 613843 Assoc O11 6335 Atchison gn 48 °95. Atchison 4%n"48.. Atl Ref db 58 tAtICLel4 | Australi % | Australia b. Australia 58 '57. Austrian 7s'43.... B&O1std4s‘4s.... B&O4%s'33..... B&O4% B&O 1Ist5 5 B&Oref 5895 | B&Oref ‘B&OP&WV 4 B&O Swdv bs Ban & Aroos 4s Batav Pet ¢34 Belgium 68 '55. . Be'glum 64549, Belgium 7366 Belgium 7s 66 Bell Tel Pa 58 B'48. Bell Tell Pa 58 C'60 Benef Loan 63 '46.. Berlin Cy El 6355 BerlinCityEI6 13559 rdeaux 6s'34.... Bos & Me 5 Bos & Me 5s'67. Brazil 613826 Bremen 7s°35. BKlyn E BKIyn UnGas5s'45. Bklyn Man 63 A ‘68 | Budapest 63 62.... Buff Gen El 44581 Bush Ter con 5'55. Canada 43 °60. Can Nat Ry 413851 Can Nat R 413854 Can Nat Ry 4135’56 Can Nat 413568 Can Nat Ry 43855 Can Nat 5369 July at 556 Oct. or dn 614546 Nor deb 73 '40. Car Clin & O 6s Cent Pac 1st 43 *43. C&Opend4izs'9z C&O4lsA CB&Q4s'TT. CE&QT1dv 313849 CR&Q 111 dv 4549 Chi & Est [11 58 Chi Grt West 45 Chi Ind&L gn 666 C M StP&P bs ; CM &St Padi Chi & NW gn 48 Chi&NW 4145 C hi & NW 43 ChI&NW rf 552037 Chi RI&P rf 45°34. ChiR1&P4%s°52 ChiR 141560, CTH&SE 1st 5560, CTH&SE in 5s'60. . Chi Un Sta 432563 Thi Un Sta &s B'62. ChiUn Sta 645'62. C& W Inden s C & W Ind 513562, Chile 65 61 S Chile 65 63 Chile Cop ab Chitg Bk 615s Chi Mtg Bk 6% s 61 CinUnTrust 5s 202 Clev Term 4758 Clev Term Cologne 6% Colomb 6 Colomb 6361 Oct Colo & Sou 45 '35 Colo & Sou 4755 80 Col GRE 53°52 May Col Gas&El 55°61.. Com Inves 515 49, Coms C Md rf 58 '50 Con G NY 4143 51, ConG NY5%s8'45. Con Pwr Jap 613 Cen Pow Japan Ts. Consum Pow §s ‘52 Cepennag 4145 '53 Cuba 5148 '45...... Cuba RR 1st is '52 Cuba Nor 5138 42.. Del&Hnd ref 43 *43 De: & Hud 53537 Denmark 4138 Denmark 5135 '55. Denmark 63 D& RGroen4s’36. D&RG W 65'78.. Det Edi 4143 D '61. Det Edison rf 5549 Deutscine Bi 63 '332. Dodie Bros 63 '40. . Duquesne 4% s '67. Dutch Fast 1 6547, Dutch East 1 68’62, Eriecon 45’96 Erie gen 4s rie ref 5s°67. Erieref 55 °75. Fiat deb 7546 Finland 585 Finland 6% French Gov 7 French Go 7% Gen Cable 51 Gen Motors 6s ‘37 Gen P Sv5%s39. Gen Th Eq 63 °40. Ger Cent Bk Ger Cen Bk 63 '60 J Ger Cen Bk 6360 0 Ger Cen Bk 78°50. . Ger Gen Elec 6343 Ger Gov 5% Goodrich 68 45.. Goodrich 6%s '47 Goodyr Rub 58'57. . Grand Trunk 6s 36 Grand Trunk 78'40. Grt Nor 4148 E'7 Grt Nor 5148 B '52. Grt Nor n 7s'36. Greek 63 °6! Hait! 6s'62. Mud & M ad)j 5857, Mud & Mrf6s'67.. Mumble Ofl 63 '37 Humble O %8s '32. 111 Bell Tell & Il Cent ¢%s 111 Cent 6%s ‘36 111 Steel db ¢ % s 40. Int Rap Trrf 55°¢8 Int Rap Tr Int Int Rap Tr 7s°32.. Int Cement 5s °4 Int & G N ad 63 °5! Int Hydro El 6844 Int Match 5847 Int Pap ref 68 A7, s W W WS amndraNuerante—— - 2 © nCunBne PBurwa® Scon a3l inaafaloal anfa D20 i ne 2 nummn—e are o oo " 27 9 7 raallnman oo 95% 951a 1014 95% 95% 1011 Manhat Ry cn 45'90 Marker S1 7s A 40. Marseille 63 °34. ... Mex 45 astd 1910°45 Midvale Stl 6836 Milan 6%s ‘52 Ml E Ry & L 55 Mil I Rv&Lr M StPSSM cn 5538 MK &T Ist4s'00. MK&T4sB" MK&T 45" MK & Tadj s 67. MK & Tex Mo Pac gn 45" Mo Pacrf 63 A '65. Mo Pac 53 F '77.. Mo Pac i< H '80 Mo Pac I 5s Mo Pac 5348 A 49, Mont Pow 55 41 Mont Tr 1st rf 541 Nassau Elec 4 51, Nat Dairy 54548 1t Rad 610847 —a = P s e EodNn i nanwlanaBenailn anaannmn—ann- S P N Y Centdb 4<'34. N Y Cent 4s " NYCrefarsi0is NYCrfray N Y Cref a2 N ¥ Cent db 6s " NYC&SIT, 4735 " NYC&SIL5155A NYC&SLL, 10t 6532 | NY Edlsnn s B4 \\' O& W rf 4s'9 NY St Ry 41256 N V Tel zn 415839 NY W&B 41554 Nia Sh Md 5758 Nord 615550, Nor & Wn en 4« Norf&Wn div North Am Co 55 "1 Nor Am Ed 5= C'6 N Ger Llova 4T, NorOT & L 61" Nor Pac ¢r: 2 "“47 Nor Pac 4«97 Nor Pac - Nor Pac 5 Nor Pacri6s 2047, Nor St Pw fia A 41, Nor St Pw €< B '41. Norway f="62. . Norway 5148 '65. Norway 6«42 Nerway €< 44 Norway 6352 Orfent Day 515<'58, Orient 6s°53.. Pac G&F 58 42 Pac T&T 1<t fis” Pac T&Tr Paramonnt 6s 47 . Param-Pub 5 %8 50 Pari . Pari Parts- Penn 4% s DR Penn on 415565 Penn 4123 D10 Penn 4% < 3. Penn Penn ren fx 68, Penn 6145736 Penn PAL 434 81, Tere M 1st 4% "6 . Peri 6361 Phila Co 58 Phila Blee 45 '71 Phila & Read 6343 Phillip Pet 518’39 Poland 65°40. Poland Ts* Poland & Port Gn El 412 %60 Porto Alecre 8<61. Prussia € Pruscia 614 2 Pub Sv G 41,67 Pure Oil 5%48°37... Queansiand 6= °47. ., Queensiand Rem R 51 Rhinelbe 17 7 Rhine Ruhr 6 5 Rhine West €3 " Rhine West €< '52 Rhine W 6s Rhine West Riode Jan €14 R Gr Do Sul 8 Rio Gr W 1st = <t TESF 4% A 50 . SLLASTA%NTR, StLSW 1st o Sao Pan 7= 40 . Sao Paulo 836 Saxon P W 6138 Saxon 7345 : Sarbs-Cr S1 7262 Shell Un O5s'40ww Shinveten SincOfl 6125 B 38, Sine O] Ts A 37, SneCrO5iis-3s.. Sinc P L 5s'42. Skelly Ol 514%°39. Solvav Am "4 Son Rell T&T 5341 SW Bell T 55 A 54, Scu Pac col 4549, Son Pac ref 4s* Sou Pac 47 SouP4ls Sou Pac 415581, Son P&Or 4148 A'T1 Scn Ry gn 4s 56 L. Sou Rv ren 6x Son Rv 612856 St Oil N.J 5546 StOIIN Y 43%s 51, Swise 514548 Sweden 5%s5 '54. Talwan F P 513571 Tenn F1 P 63 A 47, Tex Corp cv 58 " Tex&P 1st is o BudaZu-Bun~RiSanna-nintos ~a8Tnwearan-5m S» venrBanciaceas N S he i ReBZace eBBachaneansa Third Av rf 4560, Third Av adi 58 ‘60 Teb P.NJ 6332022 “Toho EI Pw 6s ‘32, Toho EI Pw 78 '35. Tokio 6% ‘61. . Tokio El Lt 63°53. . JE&P StL 1st5s32 4 Un Pac 1st 45 '47 7 Un Pac 4 %= ‘67 Un P 1st rf 55 2008. Unit Drug 68 '63... Utd King 53%s°37.. U & Rubber 55°47.. Un St W 6145 A47. UdSt W 6%s A51. Uruguay 6s ‘60 Uruguay 6s '64. Util Pw 5869 ww. Util Pow 5%s8'47.. Vienna 6s 52. Va Ry & Pw bs 3. Wabash 41:3'78. .. Wabash 1st 58°39.. Wabash 2d 5539 Wabash 5148 ‘75. Warn Br Pic ¢’ . Warren Bros 6s 41, 91 560, a7 00 TI 38 a1n 2 101 2 1011 1001, 16 1028 104 season approaches the end. Eggs have held prices well this month. Hog prices have recovered sharply from th: ex treme lows of early June and fed catile have been selling better. Millfceds sell at low levels, but generally good pas- turage conditicns have displaced much of the trade for the present. Most Vegetables Lower. returning $2.25 per barrel, or $1.25 per 100-pound sack, at shipping points. Shippers of Green Mountains in Northern Maine were getting mostly 25 to 30 cents per 100 pounds, but terminal prices on Maine stock declined slightly. City jobbing prices strengthened slightly on Texas onlons. Georgia early peaches brought $2.50 a basket in pu)(lll(lng sections. Watermelon prices Cantaloupes *were slow and k. Tomato prices tended downward ! as supplies increased. Consuming cca- ers were higher on Western letuuce were steady to weaker on Eastern Big Boston type at 60 cents to $1 per crate of two dozen heads. Butter Fairly Steady. The butter markets during mid-June showed little definite change. The volume of butter changing hands and going directly into storage was small as compared with former years. East- ern markets reported a fairly large volume' of sales for storage purposes with chain stores, bakers and jobbers operating quite freely, especially at Bos- |ton and New York, while at Philadel- |phia buying for storage was of com- paratively small volume. The receipts of butter at the Eastern markets were heavy as compared with those of a year ago. Quality of arrivals has been quite satisfactory 8s no unseasonably high temperatures have prevailed. Receivers in general are of the opinion that the make has reached the height of sea- \son’s output. Heavier storing, de- | creasing consumption and the uncer- tain industrial outlook were all factors making for the nervous and unsettled | undertone. | The tone of the city cheese markets was steady on fresh and firm on cured | cheese. Prices remained generally un- | changed. The bulk of riving in terminal markets during the second week of June was of the full- grass type, but trading was still re- stricted by an unusually conservative speculative demand. Firm Egg Markets. | Egg markets since the middle of the month have shown a slightly firmer tone. Buyers generally were in the | market for somewhat heavier require- | ments and supplies were fairly closely cleard. Fractional advances brought prices slightly higher at New York. a | fotal advance of about 1 cent being reported since the first of June. The lowest Spring price level for eggs for over 20 vears is considered the main | cause of reduction of farm flocks to the smallest numbers ever reported in June. LUMBER OUTPUT IS HELD. BELOW ORDERS IN WEEK the Associated Press With restricted production the only encouraging factor. the lumber move- ment continued dull during the week | ended ne 11. ‘Telegraphic advices to the National Lumber Manufacturers’ Association from leading mills said the production amounted to 122928 feet during the week, with orders amounting to 128.- | 179,000 feet, and shipments to 124.45: | 000 feet A concerted program is being fol- | lowed throughout the industry to dras- tically restrict production so that the huge overstocks n"a) be dlsslpi!ed CHICAGO STOCK MARKET CHICAGO. June 21 (#.—Following is the complete official list of transactions in stocks on the Chicago Stock Ex- change today: High. Low_ Close 100 Butler B 56 Cent T Pub Ser 100Chi El Mfe A 150 Chi Inyest f 500 LrBuBemgun 100 Cont 200 Gont C 100 Cord Co; 10 Crane pf. 200 Foote Bros 200 Gt Lakes_Diedge. 250 Grigsby-Gruncw 200 Hall 150 Insull Util 240 LaSalle ~ Ext o o Buo 100 Nat EI Pow A 150 Nat Sec Inv : 350 Nat_Sec_Inv pf 100 Nobliit-Sparks 50 Perfect _Circle 100 Public Ser n p 60 Quaker G 70 Quaker Oats bf 50 Rverson 5080 Union Gas 10 0 West G & E pf. 500 Dieds Dredg pf. 450 Swift & Co.. 3200 Swilt Int'l 100U S Gypsum. 50 Util & Ind pf 50U S Rad & 150 Vortex Cup 50 Walgreen 30 Wis Benksnrs FOREIGN EXCHANGE. (Quotations furnished by W. B. Hibbs & Co.) Nominal gold Selling checks alue’ today. 148665 $3.60% 3913c 2921ic 1391 1390 23.75¢ 51612c London. pound. . Paris. franc Brussels, belga Berlin, mark Rome.” lira.... Zurich, franc.. . Athens, drachma. Madrid. peseta ! Vienna, schilling Budapest. pengo. ... Prague. crown (nom.) Warsaw, zloty Copenhagen, crown_ Oslo. crovn. ... Stockholm, crown. - 26 L 18:49¢ Montreal, 131i% discount. t E1db 644, t M 43 A 52, West.:Un 614536 Westphalia 6s°'53. . Wick Sp cn ct 7s'35 B1 Wil-O Ist 6138'33.. & Wil &Colstés'41. 4 WisCentTm 4s'36. 6 Yokohama s . 20! Ygstn S&T 68 A'18. 15 4“4 LA Best North Carolina potatoes were | the cheese ar- | MONEY MARKET. NEW YORK, June 21 (#)—Slackness in demand for money was emphasized today by a return of the 1 per cent rate for call funds in the outside market. The official stock exchange rate was un- changed at 2!, per cent, and existing rates on time funds and bankers’ ac- ceptances held over. BONDS ON THE CURB MARKET. lesin DOMESTIC thousands 4Alabama Pw 415 1Alabama Pow 35 ' & Aluminum_Co_55 5Am Com Pw 61 3 Amer El Pow 63°A i Amer & WE S ol 4Amer G & Pow 65 39 2 Amer G & Pow 8 '53 11 Amer P & L 65 2016 4 Sl Loy Cloge 14 Asso Gés & 58 Asso Gas & El 53 ' 1As G&E 5% 38 in cf IAss0 G & E 5ius 3Ass0 T & T 50u5 A '35 1348 Tel Utk 15 44, C § Asso_Tel Util 65 4 Bell Tel Can 35 A Gen El 55 A 3Cin MaURE S B 5 Carolina P & L 5% 1Cen T PS 425 F 5 Cent Il P S 55 G ' 4 Cent Pub Ser 515 4 Cent Stat Elec 55 6 Cent St Elec 3 Cent St P& 10 Chi Dis El 4° 34 Cie 33 Gt Senpout 51 4 Cleve Elec Tilu 5 20 Comwh Edi 1 Comnity P&L 1Con G 5 8Con Gas £Con Gu. 5Con Pub_6%s 36 € Consum Pow 4'.s 20Cont G & F 53°A 6 Continen Ol 5iis 1Crane Co_5s “40 2 Crucible Steel 5 3 Edis El a‘:m 55 11 Eiec P & 1 10 Fairbanks 7 Firestone 32 Florida P 4 m.ae Fa Pow & L: 65 A '53 Pow & Lt 55 C in P & L 5.5 B 54 55 A 57 L6 B 40 s 54 B St P Sec 8133 35 C 3 &Inter Pw Sec 7s E 57 4Intern Sec Am 5¢ 41 11Intersta Power 6s '52 2Inves Co 55 A 3 Iowa-Neb L&P 5s '57 10 Iowa Nb L&P 55 B 1owa Pw & 5 Jer'Cen PAL 55 B 3 Koppers G & C 55 2 Kopper G&C 5'.s 3 b PUS a5 2026 La P & L 55 57 Manitoba Pw 5'ss Massachu Gas 8% Mass Mass Utilic 5 1§ Weat fid West 5 Miss River Pw 55 Mont L H&P 55 A agancett 5s 941y 847y 900 0% 36 B r Stat Pow 4.5 ‘61 fo Edison 5s -60.. hio_Pow 55 B 32 acific G&E 41as ‘57 Pac G & E 4'25°F ‘60 Pac G & El B 6s ‘41 Pac Inves 55 A 48 xw 00222222222 2222 ] omnc B ss B se oct & Gam 41,5 "47 8 No Il 4'ss F 81 'S Nor 1l 35 C 183 Shaw W&P 12 8E P&L 65 A 2 € South Calit Ed 3 South Calif Ed 5 9 South Calif Ed & 4Southern N G 2 Sonthw Not G 10 Sothw P&L 65 A 2033 1Staley Mfg 65 42 7Stand Gas & E 65 '35 5 8iand Gas & E 6s 51 10 Standard P&L 6s ‘57 3 Super of 6 1Super of 18wift Co 18 Swift Co 6 3 Texas Elec 5s ‘60 w 6§ Texas P & L 55 '56 18 Ulen & Co' 65 44. 1 Union Gulf 5s 30 & Ry st 42 3 nited P.& L 65 '75. S Rub 645 S Rub 65 3 8 Rub 6.5 '3 §_Rub 6'as 40 yn Public Sery 6s ‘46 Va Pub Serv 5s B '30 3 vest News Del 65 44 1 est Penn 55 2030 Wes Tex Ut 55 A G = smtstars e nls seceag EEE 3 Wiscon P&L 5s F 5 1Wis Pub S 8'.s B FOREIGN BONDS. 8 Cent Bk Ger 6s A '52 25 28 Cent Bk Co 6s B '51. 34'4 7Com Pr Bk 5'.s '37. . 1Danish Con 5'.s '55. 62 9 Danish Cons $s 4 Danzig Port 6'zs . 5 Ercole Mare 6155 '53 21 Eur E1 Cp 6las 68 xw 4 Europ Ml;' is C_'67. 4 Farmers’ Nat M Ts '63 20 11 Finld Ind Bk 7s . 1Finid R M Bk 6s 43 Ger Cons Mun 6: 16 Ger Con Mun s 79 Gesfueral 6s '53 x 6 Hanover_City 7s '39.. 2 Hun It B 7'zs AC '63 31 Ital Sup Pow 6s A '63 1 Melbourne 7':s '46... 1Parana Brazil Ts '58. 1Bow G Can 4125 539 B 2 Prussia Elec 6s 1Rio de Jan I‘a! i 14 Ruhr G Co 6725 A '53 1Russian § 21 1 Saar_Bas Con 7s '35 15 Saarbrueck 7s '35. § Sauda F Ltd 55 A '35 34 Saxon Pub Wk 5s '32. 1Stinnes 7s '36 xw. 7 Stinnes s _'46 xw 1°Terni Soc 6" 4 Tietz (L) 27 Unit Indust 6'>s '41. 30 29 ww—With warrants. xw- Without rants. n—New, wi—When issueds Canadian Marconi. Carib Syndicate. .. Cent HUdG&E (80c) nt Pub . Cent States Elec “hesebrough (1613) Cities Service. Cities Service pf. Col G & Ecv pf (3) Col Ol & Gas vtc. . Comwth Edison (8) Comwlth & Sou war Consol Royal (20¢). Cont Shares cv pf. rd Corp. ....... Crocker Wheeler. Crown Cork Intl A, Curtiss Mfg A Deere & Co...... De Forest Radio Derby Ol & R pf. . Duke Pow (5) East Util Inv (A) Eisier El Ba & hare b6 % Elec Bd & Shopf (3) Elec B& S pf (6).. Smpire G & FT% || Empire G & F§% . 5 Europ El Ltd A 30¢ Fanstel Prod. Florida P & L pt(7) Ford Motor Can A. ™ Ford M Lud. . 2% Fox Theaters (A).. - General All . 1% Gn E Lt ret p36 3-5¢ 53 Gen Empire Corp.. 1 6 Georgia Pw pf (6). 100s 51 Glen Alden Coal... 8 6% x Sug B.. 1508 Seal Electric. Geldman Saehs. GUAU& P Tea t 1dnon Bay Mix mble Oil (2). P&LpL(6). Ins CoN Am (2). Insurance Se Int Petrol (1)..... Int pwr (3hc) Int Util B, Irving Air R R O D e - 2 [5-1% -1 531 1% W Dot Godscha 1spatch to The Star NEW YORK, Jure 21—With heavy rains in Oklahoma and Georgia where not wanted, cotton prices improved again today and closed 3 to 4 points higher than yesterday. After selling within 2 points of the | best figures of last week, weakness in the stock market brought reselling and {much of the early advance disappeared in the last hour. 5 points 10 535. Cotton range: Open. High 5.28 553 Low 530 546 538 570 583 599 July 606 %1, | just sold at $8 a share High Yields. NEW YORK, June 21 (Special) — | General Gas & Electric 8 per cent pre- | ferred ‘stock sells at $8 a share. The 7 per cent preferred A stock has also This gives these two stocks the highest ratio of income yield to cuirent price of any listed on the exchange. Recently Kan- sas City Southern preferred sold to yield 80 per cent. but shortly afterward its dividend of $4 a share was cut in two, 0 the present yield at double the for- mer low price is slightiy under 20 per cent. A POTATO MARKET CHICAGO, June 21 (P (United | States Department of Agriculture).— | Potatoes, 67 carloads. on track; 218 | new. 55 old; total United States ship- | ments. 498: new stock. about steady | trading slow: Southern Bliss Triumphs, 1.30a1.40: few fine quality; higher, fair to ordinary, 120a130: old stock dull. | trading very slow. Wisconsin Round | Whites, few sales 60; Idaho Russets, Spots were advanced ' Radio Prod. .. | R 12 Shares Corp. Rike Kumler | Roosevelt Fiel Ryan Consolid | Bt Anthony Gold... 20 St Regis Paper. 10 Seaboard Util (2 2 Secur Allied (1) 2 2 5 1 1 1 Ploneer Gold (12¢). 1 1 5 1 4 3 3 2 1 1 ™ 5in ‘Qflle(llndnvln!l) 9 SeiIndall ofa(5%). | Shattuck Den Min. . 1 tBhawn Wat&Pw (@) 814 Sherwin-Willms }1'5! 24 Smith-(*6rona vte 2 20 Stand Oil Ind (1). Zfl 1R and P&L pf (7)., 508 30 30 30 and Pub Srv A. 1 and Siiver & Ld4 T Starrett Corp. . 2 Strook & Co ™ Stutz Motor Car 10 Swift& Col). i 9 9% Swift Intl (14). 170 Tampa Elec2.24. .. 190 Trans Air Trans, ., 1'a Un Ofl As=o (1.36).. United Found United G: United Gas pf (1) Unit Lt&éPwr (A) U S Elec Pwr ww U S & Intl 15t pf., US Lines pt Un Verde Ext (50c) Util P& Lt. UUl& Ind pf 134 Van Camp Pack Venezuela Pete. ., Walgreen Co Walker (Hiram). Watson (J W) .. . I 31% 2 o 6 Segal Lock & Hrd 2 * 1 1 1 513 6% Westvac 49 49 Wrizht Ha 25 2y “Y"Oll & Gas...... T s Dividend rates in dollars based on last lerly or semi-annual payment. *Ex B e M stock, aPaysble in cash or stock. o Payabie stock. ‘e Adfustment dividend. f 5% in stock. g Plus 6% in stock. hPlus 1% in stock. |Plus 2% in stock. K Plus 10% in stock. m Plus 3% in stock. n Plus 8% 1o stock. o Paid last’ year—no regular rate. 4 Grain Market By the Associated Press CHICAGO, June 21 —Business dwin- dled on the Chicago Board of Trade today to what was said to be the small- est aggregate witnessed in many years Imposition of 400 per cent increase of taxes on dealings in future delivery contracts appeared to be chiefly re- sponsible. Except near the end of the day, the wheat market appeared almost inert. A late break of about 1 cent a bushel was ascribed to selling on the | part of Farm Board allies. Wheat closed unstable, %al%s under yesterday's finish. corn l4el. down. oats % off and provisions varying from 2 cents decline to an equal gain. VHEAT — old L rew tember, September December CORN- July September December OATS - July . September Decembe RYE— July . September . December 230 30% e am. 3 36 356 . U. S. TREASURY CERTIFICATES (Reported ny Chas. D. Ba | Rate—Matur Spain is considering the purchase of Argentine wheat on the basis of ex- change of goods. ney | tape. Great Atlantic & Pacific Tea common was virtually unchanged, but Swift International, Swift & Co. and a few minor issues turned heavy. Com- monwealth Edison sliced off 2 points as Northern States Power preferred added a point Petroleum shares registered the widest fluctuations, Derby Oil preferred ad- vancing 6 points early, and Chese- brough Manufacturing later jumping 121, points. Western Air Express fea- | tured the air division. Tisiog within & few minutes frem 5', to 6%, a net | 8ain from the previous final sale of 21x points. Newmont Mining and Hudson Bay Mining, the only active copper shares, reacted Beyond some scattered indications of business improvement, such # a rise of car loadings in the Winter wheat belt, the booking of more orders by Anaconda Copper, and reported by in news developmen's to trading to break out of the dullness that marked Monday's transactions Brazilian Traction was off slightly as its May report showed profits of $1.- 649.573 against $1.766.939 in Mav, 1931 Tubize Chatillon Corporation had fore- cast today’s announcement of a reduc- tion in rayon yarn prices. the second within a month. Three rubber concerns, India Tire & Rubber. Mohawk Rubber Co. and Scib- erling Rubber Co.. announced advances in tire and tube prices to absorb the new Federal taxes. but the revisions had no immediate market influence In the serles of dividend announce- ments today the following firms omitted payments: Vogt Manufacturing Co., Northwest Utilities prior lien preferred and Bridgeport Machine $7 preferred. Columbia Gas & Electric convertible preferred. which revived the last few sessions, probably was discounting to- day's statement that bank loans of $44.- 000,000 as of December 31, 1931, have been reduced below $33.000.000 Aluminum, Ltd., convertible preferred rose nearly 2 points. West Vaco Chlo- | rine preferred gained about 3. Derby | Oil preferred 1g the senior | shares as it jumped 6 points. Earning | estimates of 35 cents a common share | for the first two fiscal months had no effect on Pure Oil's senior issue, which | has been rather quiet recen PARIS BOURSE PRICES. PARIS, June 21 () —Three per cent Tentes, 74 francs 20 centimes: 5 per cent loan, 97 francs 35 centimes Exchange on London, 91 francs 73 centimes. The dollar was quoted at 25 | francs 451, centimes —_— Foundations of Famous Fortunes EDWARD H. HARRIMAN “’Maker of Railroads’’ @ Depression prices were investment nppoxsuni:imozdwudu,uamm.n. Timely purchases of securities during the depressions of 1884, 1896, and 1903 became the foundation for his later great wealth. @ Many attractive investments are available during the present period. Weinvite inquiry regarding securities of companies comprising the Asso- ciated Gas & Electric System. Write for circular General Utility Secu 61 Broadway New York City : Please send me Circular F 4§ Name. | Address I‘FF/ ] H NO. 27 of a & selecting a ba Are You Vacation-Minded? eries of Reasons why—when nk—the Columbia National Merits YOUR Consideration. Then You Appreciate the Value of a “COLUMBIA NATIONAL” Savings Account And who for Was tential vacatic ure and happiness, carefree and en- Hundreds of people will Jjoyable. have better vacations becaus foresight in income during the past y FRANK J. STRYKER, is particular! Presigent today and m. deposits in year's pl good friends at the COLUMBIA NATIONAL. isn't vacation-minded? hington is a city of po- \ists. Days of pleas- times, perhaps longer of their shrewd saving a part of their This ly true of some of our Open your account ake regular (if modest) preparation for next sure. Our Safe Deposit Vault offers com; protection for and other securities. izes to meet ¥ your valuable Boxes our requirements. pers. bonds n various $3.50 a Year Up