Evening Star Newspaper, June 23, 1932, Page 15

FINANCIAL. — e BOND PRICES GAIN INFINAL TRADING Volume Increases, With Ger- man Group Making the Best Recovery. BY F. H. RICHARDSON. Bpecial Dispatch to The Star. NEW YORK, June 23.—Following an frregularly lower trend that held until the last hour today, the Bond Market Tirmed up, especially foreign dollar bonds. Trading was in good volume. The best recovery was in German bonds. Young Plan 5':s and Dawes Reparations 7s, which had dipped 1 to 2 points earlier, were about a point higher on the day at the close. Ger- man utilities like Rhineland Westphalia Electric 6s, Saxon Public Works 7s and Westphalia Electric 6s were bid sharply h'5or. German municipals, such as 78> ort 6ls and Berlin 6s, were bt.ner. Other Europeans followed. Th> reason for this movement was a new agreement reported . have been reached by Premiers MesDonald and Herriot that Germany c@Anot be asked to pay any reparations #ow or during the recovery from the ‘“*orld crisis, and that any future paymehts must be of such nature as not to upset interna- tional commercial relations. There were reports today that large financing operations_are contemplated for Peoples’ Gas, Public Service of Northern Iliinois_and Commonwealth Edison. The offering for the last named, it is said, will be around $50,- 000.000 of first 51is. Outstanding bonds under the same mortgage are quoted currently around a 5.50 per cent basis, but it is expected the new issue could not be marketed on much better than a 6 per cent basis cost to the company. The Public Ser: ice Commission today approved $10,- 000,000 of first lien and refunding mortgage bonds, series B, to be sold by Brooklyn Unjon Gas not later than September 1 ah a price of not less than 95. The market #% the opening reflected optimistic interdretations of President Hoover's disarr™ment proposal, but the, chilly reception this was accorded in’ Paris and the lukewarm response to it in London later brought considerable pressure on the foreign list. German government bonds were forced down 1 to 2 points, the entire German list losing ground with them. Subsequently there was a partial re- covery but pressure was reasserted when it became apparent that Austria’s dec- laration of a partial moratorium was to be followed immediately by an official decree stopping =ll foreign exchange payments. Declines were general in the European list, but elsewhere foreign dollar bonds had a firm tone. Argentine issues moved up on publication of the coun- try's trade figures, showing a favorable balance of $79,000,000 in the first five months of the year. Chile declared a private debt moratorium, but this had been fully discounted. Chile's bonds have long been quoted at nominal prices. Washingion Stock Eichange SALFS. Potomac _Electric 1015, 5 at 10134, 1017 Potomac Electric 6% pfd.—5 at 10715, AFTER CALL. Washington Rwy. & Elec. 4s—8$1,000 at 807, Bid and Asked Prices. BONDS. UBLIC UTILITIES, e Bid, Asked. % ptd.—10 5 at 10 at 10 a Washingtor Washinzston Gas 55 Wash Gas 6s. series A Wash. Ges 65 series B.. Wash. Rwy. & Elec. 45 ... MISCELLANEOUS. Barber & Ross, Inc., 6 . Chevy_Chase’ Club 3las . Country_Club_ 5ias. sh. Mkt. Cold Storaze STOCKS. PUBLIC UTILITY. Amer. Tel. & Tel. (9)... Cepital Traction Co. Wash. Gas_Lizht Co Stezmboat Pot ec. P Pot. Elec. Pwr, Wa Ry. & 3 Wa y. & El pid, (3). b B The fcllowing figures are not s, bul merely fepresent minimum prices fixed by the Washington Stock lxchl!:!, JANK. MATIORAL B Min. price. ClPflal 7o T TR 175 EoRinia 8 ‘ed.-Amer. Liberty (7%) Lipeoln (10) . Metropolitan Riggs (15 3 e Washington (12). TRUST COMPANY. & Tr. Co. (15). @ Unlon Trust (88).. ... ... ... Wash. Loan & Trust (i4) .. SAVINGS BANK. Bank of Bethesda (85). 3 Com. & Savings (10). .. A East’ Washington (12) Potomac (10). : Sec. Sav. & BK. (17)°. Sevenih Street (12) .. United States (30) .. Wash. Mechanics (30) FIRE INSURANCE. American (12)... e Corcoran (10). Firemen's (8). " National Union (15) TITLE INSURANCE. Columbla (6h) .. ... . Real Estate (6h) .. .00 . MISCELLA Col. Medical Blde, Corp Dist. Natl. Sec, pid Emer. EBiomo-Selz. "A” Faderal Storage pfd Fed.-Am. Co._ com Fed -Am. pId. () Lanston M Mer. Tr. & com. Mer. Tr. & Stee. pfd Mergenthale~ Linotyae (1.6 Natl. Mtze. 8) The_Carpel Corp (2) W Mech Mtge. com. i8) Wash Med. Bldr. Corp. (7) Woodward & Lothrop com Woodward & Lothrop pfd ( *Ex dividend, bBooks closed. 5% extra Market Averages Ey the Associated Press. STOCKS. 50 20 3 Indvs, Rails. Util. Tog 153 59, 278 152 58 By sEuSzebias o AR IR RBm. e . E¥s8uCE8500 Year ago Two years ago. ‘Three years ago. Hig i 2388 sagzn THE EVE BONDS ON N. Y. STOCK EXCHANGE Received by Private Wire Direct to The Star Office. UNITED STATES. (Bales are in ligh w. 3 1011 Higl Lib3%s 32-47.... 101 $1,000.) Lot Lib 1st 43,5 32-47 10118 10117 Lib 4th 4345 33-38 10220 10212 U 8331951-55. U S3%s1946-4 US3%sM41-43, 38 40-43.. 3s43-47. %8 46-56. s 44-54 418 47-52, 8 Us us l Us Us us Abttibl P&P 68 '53. A'leghany Cp bs 44 Alleghany 58 '50. .. Allis-Chalm 6s°37. Am F P582030.... {Am 1GChb%s'4s. Am Sm&Ref 5547, Am T&T 4%s 39 Am T&T c tr 5546, Am T&T deb 58 Am T&T deb | Am T&T 6%s Am Wat Wks 58’3 Am Wat Wks 6s'75 Argentine 518 "62. Argentine 6s 59 Ju Argentine 6s ‘59 Oc Argentine 6s A '57, Arm & Co 4%s ‘39 AtIC L st 4s'52 At CLecl 43’52 Atl Gulf&W1 569, Atl Ref db 58°3' Australia 43556 Australia 5s 55, Australia 5357 Austrian 7s'43. Austrian 7s 57 jB&O 15t 454l B&O4%s'32 B&O4%s 60 B&O 1st 5848 B&Oref5s'95.... B&O PEWV 4541 Batav Pet 4145 42, Belgium 68 Be'sium 618 Belzium 78 '55. Belzium 7s 56 Bell Tel Pa 58 B'48. Bell Tell Pa 55 C'§0 Berlin Cy EI 6855, | BerltrCityE16148'51 | BarlinCityEI6 %4 5'59 Beth Stl pm 36 Eeth Stl rf 5542 Bordeaux 6s '34 Bos & Me 58’55 Bos & Me 5367 b Bklyn Ed 58 A "49. . Bklyn Man 65 A ‘68 Bklyn UnGas5s'45. Bklyn Un Gas 5550 Budanest 68 62. . Buff Gen El 44581 Bush Ter con 5%'55 Bush T Bldg 55'60. Canada 4s 6 Canada 4% Canada 58 '52. o » = 2m amun~udaSeaSaranandeial | Can Nor deb 73 *40. | Can Pac db 48 | Can Pac 55 '44 ctfy Can Pac fx ‘54. Cent 1/l E&G 53 '51 Cent Pac 1st 45°49. Cent Pac fs ‘60 » Ches Corp 5s°47. .. C& O gen 434892, C&O4%sA93 kEBaA e ol emvnomanScanaaaa~S~E “hi & NW 4% 549, Chi&NW rf 55 2037 Chi RI&P gn 4s 83, Chi RI&P rf 4534 ChiRI& P 4%s"; Chi R14%s 60 CTH&SE Chi Un Sta 4 Chi UnSt5s’44.... Chi Un Sta 614562, C& W Ind 5%s'62 Chile 6s°61 Jan. ... Chile 63°63. . . Chile Cop dh 5= *47. Chile Mtg B 6s 61 CinUnTrust §s 2020 Clev Ter 515 A *13 Colomb 65 °6; Jan.. | Colomb 65 °61 Oct. Colon O11 6528 .. Col G&E 58 °52 May Col Gas&Ll 55 '61.. Con G NY 41861, Con G NY 5% 45. Con Pwr Jup 6%s.. Consum Pow bs ‘52 Copenhag §s ‘52 Cuba 68 45. Cuba R R 65 ‘36 Cuba Nor 51s " Czecho 85 751.. Del&Hud ref 48 ‘43 Denmark 4325 '62. . Denmark 5%s ‘55 Denmark 6s ‘42 D& RGren 4 D& RGr4%s 3 Det Edi 4145 D '61. Der Edison rf 58'49 Deutsche Bk 63 '32. Dod::e Bros 68 '40. . Duquesne 4% 67, Dutch East | 68'47. Dutch East 1 6562, Bast C Sug 714837, Erie con 43 °96. Erie ref 5867 Erie ref 5575 Flat deb 7 Finland 5% Finland 6%s ‘56 Finland 7s 50 Fram Ind 7% French Gov 7 . French Go 7%s '41. Gelsenk’hen 65'34. . a3 [ P Gen Motors 6s '37.. Gen P Sv53%s5'39.. Gen St Cas 5%5'49. 0. Ger Cen Bk 68'60J 11 Ger Cen Bk 00134 Ger Cen Bk 78 '60.. 3 Ger Gen Elec Ger Gov 5% German 6%s ‘50 German Rep 784 GondHopeS&1 75’45 Goodrich 6s 45 Goodrich 6847 Goodyr Rub 58'57 Grand Trunk 6s 36 | Grand Trunk 7540, Grt 58 2 Hait! 6s°52. Hud & M adj . Hud & M rf 6857 Humble Ol 6537, Hungary 7%s 44 111 Bell Tell 68 °56.. 111 Cent cl tr 4862, 111 Cent c! tr 4s ‘53, 111 Cent 4% 11l CCSOLAN B A, 111 Steei db 4% 40, Inland St 43%s A'78 Int Rap Trrf 5568 Int Rap 11 ‘66 sta. Int Rap Tr 65°32.. Int Rap Tr 78 '32. Int Cement 55 °48. . tnt Hydro E1 6s*44 Int Match 5s°41.... Int Match 68°47... Int Mer Mar 641, Int Pap ref 65 A'47, 1029 10429 104 24 Sales. High. Low. Close. 14% 9220 9824 9728 989 97 30 99 24 1024 101's 4674 Close. 1012 10118 10219 104 29 Int T& T bs'55. Irish Free St 5560 Italy 7s.'51 Italy Pub Japanese 5143 '65. Japa: %35 Jugosl Bnk 7s '67. Kan C FtS&M 43’38 4 Kan C P&L 4%s'61 1 Ran City Sou 3530, 16 Kan City Ter 45'60. 8 Karstadt 6s43... Kend 5%s Kresge Found 6 Kreug & Toll 58’59, 1 Lack Stl iz A '50.. Laclede 535 C'53. Lautaro Nit 63 Leh Valen 4s Leh Ven4%s 5 2 1 Lorillard 5s ‘51. La & Ark 53 '69. Lou G & k158 A L &N uni 4s°40 Lyons 6s°3 Manhat Ry cn 45" Market St 7s A "40. Marseille 65°34. ... Mex 4s ast 1904-'54 Mex 4sastd 19 Midvale Stl 55 '36 Milan 63%s 52 B Mil El Ry&Lt 58 ‘71 ‘M K & T 1st 4s5°90. MK&T4sB'62. . MK &T adf 5567 MK & Tex 5s A ‘62 Mo Pac gn 43 '75. . Mo Pacrf 58 A '65. Mo Pac 5s F'77. Mo 658G '78. Mo Pac is H '80... Mont Tristrf 5 Mor&Co 1st 4} NYCrefaiss2013 NYCrf4%a2013n N YCrof 552013, 3 N Y Cent db NYC&SIL 41 NYC&StL5 NYC&SLL 18t 6532 on s B'44 rfGlzs 41, NY NH&H 413567 NY NH&H clt 6540 NYNHEH 6548 .. NY O&W rf 45 92. NY Telgn 4 NY WaB ¢ Nord 6 '50 Norf Sou ref Nor Pac gr. 3= 2047 Nor Pac 4597 5 Nor Pacr 16 % Nor St Pw 55 A 41, Nor St Pw 6s B "4l Norway i1es 65.. Norway 6s 5 Orez-Wash 4s'61. Orlent Dev 5 Orient Dev 6s '53.. Pac G&E §s Pac T&T 1st 5. Pac T&T rf 53 'S Paramount 6s '47.. Param-Pub 5%s50. Paris-Ly M 6s '8 Paris-Ly M 7s Parls-Or 5145 '68 Pathe Exch 7s '3 Penn sta 4s 48 Penn 41,3 D 81. Fenncn 41360 Penn gn 4125 65 Penn 4348 D '70. Pann 4%< ‘€3, Penn 5561 Penn zen is ‘GS. Pern 6.5 °26. ... Penn P&L 45 ‘81, Peop Gas ref 5547, Pere Mara 435 '80. Pere M Ist Peru 6s ‘60 Peru 65 ‘61 Phila Co §s Phila Elec 4s *71 Philippine R 4s '37. Pllisb F ) 43 PCC&St L PCC&St L Poland 65 '40. Poland 8s '50. 1 Prussia 6185 Public Serv 4s PubSv G 4ls Pub Sv G 438 Pure Ofl 51%s 37, Pure 011 5% 540 Queensland 6s°47. . Queensiand 75 '41.. Read zn 4% s A '97. Kem Arms 6s A '37. Rem R 51sA47Tww Rhinelbe U 7s '46 Rhine Ruhr 6s 53.. Rhine V Rhine W §s Rhine West 75 '50. . Rio de Jan 61zs '53. R Gr Do Sul 6s '68. Rome 6%s852..... 2 Royal Dutch 4545, 5 SIL IM R&G 45'33. 10 StL&SF 48 A 50.. 64 StL&S T 4%4s°78.389 St L&SF 53 B '50. ., StLSW 1st4s'89.. St L SW 1st s San A& A P4s Sao Pau 7s "40 Saxon P W 6138'51 Saxon 78 °45. Seab A L rf 4559 Serbs-CreS1 7s '62 Serbs-Cr-S18s'62.. Shell Un Of1 58 °47. Shell Un 055'49ww Shinyetsu 615 ‘52, Sinc Ol 618 B' 38, Sinc Oil 78 A ‘37 SncCrO5%s 38 Sinc P L 5542 Skelly Of1 5% s Sofssons 6s ‘36 Sou Bell T&T b8 SW Bell T 63 A '54. Sou Pac col 4549, Sou Pac ref 4s'55 Sou Pac 4%s'68... Sou P 4%8 69 ww. Sou Pac 4%s'81... Sou P&Or 4348 A"17 Scu Ry gn 45 °56 Sou Ry gen 6s '5 Sou Ry 618 56 StOil N J 55 "4 StOIN Y 4%s Sweden 5%s ‘54 Taiwan E P 5% 571 Tenn £1 P 65 A 41, Ter AsSt L 4s'53., Tex & Ark 51 5'50. Tex Corp cv 58 44, Tex&P 18t 58 2000. Tex & P5sC'79... Third Av adj 55 ‘60 Teb P.NJ 63%s 2032 Tokio 53 52. Tokio 5%s "61. Tokio El Lt 6s'53. Un EIPSL ref 58’33 Un Pac 1st Un Pac 4% Unit Drug 68 '53... Utd King 6%s 37 U 8 Rubber 65°47... Ud St W 6%s A'51. Uruguay 8s'48.... Utah P& L 6844, . Uil Pw 5369 ww Utll Pow 5%s8°47.. Sales. High. Low. Close. 23 23% 1000 101% 10074 187 1023 314 | contemplated during the Summer have o 1041 2 80 6714 76 67% 36 2114 39 a1 1001 1013, 100% | 18 : 05 % | sec Tavest of St L 5!z | are convinced the greatest fleld for % | price 1 | | L AUTOMOBILE TRADE HAS FAITH IN FUTURE Prodnoén Are Going Ahead With Plans and Pushing Efforts for New Business. BY DAVID J. WILKIE. Written for the Associated Press. DERTOIT, June 23.—If the “signs of the times” may be taken as a criterion, the motor car industry has not lost & whit of its faith in the future. In the midst of one of the poorest years in its history since the beginning of the mass production era, plans are going forward for the bringing out of new models just as though the industry had been traveling a normal path dur- | ing the current year. While & majority of new models are to be introduced at the year end, most of them already are in the blue print stage. Several t; that had not been been brought out because of develop- menkt: in the trade during the last few weeks, These developments continue to indi- cate that the leaders of the industry profitable operations lies in the low- bracket. Consequently trade circles are hearing more and more rumors that additional manufacturers are planning low-priced cars to com- pete for the bulk of buying favor. It is not so very long ago that the low-price trade was regarded as the exclusive field of one or two producers. Today this field rapidly Js becoming | arowded. Although the industry is not engaged in a price war it is witnessing the rapid growth of something resembling u inramh!e for participation in the budness in the lower price division. DIVIDENDS DECLARED NEW YORK, June 23 (#).— Compayy. Canad Td Ltd . i Resumed. Chie Deily News Inc.51 S s ot Pav- able. June 30 Hidrs. of record June 30 Jul ] July Liquidating. Riverhead B & Mtge 51 .. 1 Stock, As Gas & Ef A.1-80sh e Redu Amer Shipbujlding 50c Arrow-Hart &' Hege- July 15 June 2 June 2 June 20 June 15 June 23 June 24 June 28 July 22 Aug. 19 Sep. Julv 30| Jure 30| June 70 | June 30 July July July July 28 July 29 o oo 00 OF 1 H June 39 2 1 1 Mg & T tre_Guar (Bal Nat Bk of Tacoma Norristown Penn Tr, g June 21 aain ged 3% vee of N J 80 June 21 June 23 (Pa) Loneer 3 July West V & 1 est Va Pulp v 3 Worcester BK & T: 00: DOXO POPOZRX * june 23 Company. Briges Mfg ... Ferro Eramel A Deferred. Con M & Smit of Can $1.25 Prov “Washington Ins.. Regal Shoe pf e s 8 United Piece Dye Wis..25¢ Rezular, Pe. Parv- Corpany. Rate. riod. sole. m Dairies Inc (Md) Bt $1.75 Q July Aug. Pavatle July 23 July 1 July July July Auz Hidrs. of record June 15 July 15 June 30 | phailde pi June 32 June 31 | June 30 June 30} June 15 June 25 June 24 une 30 une 25 June 30 n Glove pf '31.75 Fud:on County Natl, i Tilinots “Pipe ‘Line’ 34 30 entuciy Uti pr$1.50 Lk Erie P & L pf.$173 am't Cliss Cipecln Tel Sec 0 B ... Do pt IIA180 Link 'Belt "pf." 316212 Naine Gas Cos.... 50 Do of .. 5150 Marvland 77 (Bsit) 30 Michigan_Cent RR.$25 Mid Sts Tel Co Bergen Hansen July 21 June 20 June 20 June 20 il o fontreal pL My Vernon Tel Corp 2 Do 51 B! North Tr (Chi) Norwood Gas . Chio Brass pf. Old Colony L & Dl Portland (M & . o July 1 L i June 30 Do 56 pr %{ it <|‘{50 June 30 dolph - Holbroo! BER Elec o 80 June 16/ Ridge Av Zl& Ry...$3 June 15. Rochester & Genesec V2 Julv 1 ¥ar ¥R ‘o 5 it in il 15 ure June 25 June 25 June 23 SR s L o5 Sceman Eros Ing Sheaffer (Wa) P 'pf.32 Sloan & Z'k pr pf $1.75 South Shore Bk (Staten Island) 42 Thaer Ltd 1st of.87isc Toronto Elevator Lid Te BE Union Kt B (Pitts) 33 United Sec_Ltd .50 U'S Cold Stor pf.¥175 U § Guaranty .....84 Pulp & Pap pEa Tens s 100 Wolverina £hioe ‘& Tan i 35¢ worcester Salt . Youne (J §) Co Do -pt. Q Q Q Q Q Q Q Q Q Q Q Q Q Q s Q Q Q Q Q Q Q ) Q Q Q Q 8 Q Q Q s o Q Q Q Q Q Q Q 8 Q Q Q [ Q Q 5 Q Q Q Q 5 Q § Q Q Q Q Q SHORT-TERM SECURITIES. (Reported by Chas D. Barney & C0.) Bd. Offrr Allis-Chalmers Co. S5 1937 0% American Chain Co. 8 1 American Tel. & P Amer. Wat, Wks B Baltimore & Ohio 4'3s 1933, ... Belding Hemingwsy Co. 6s 1936 Bethlehem Steel Corp.’ 56 1936 Canadian Nor. Rwy. 4135 1 Chi. Northwestern R. . Bs 1 Chicago Rock Island 4s 1934 Cleve. Lor, & Wheeling 55 1933 Colorado & So. Rwy. 41;5 1935 Commecial Credit Co, §%as 1935 Delaware & Hudson Co. 5s 1933 85 Denver & Rio Grande 4'2s 193 Gen. Mot. Accep. Corp. 85 1937 General Petrolenm Corp. 58 1940 10 General Public Service §tzs 1939 Grand Trunk of Canada 6s 1936 Houston E. & W. Texas 5s 1933 Keystone Telephone Co 55 1935 Laclede Gas Light Co. 55 1934 Louisyille & Nashville ‘55 1537 New York Cent. & H. 45 1934.. New York. Chi.'& St. L. 6s 1933 Northwestern Telep, 4i>s 1934. Penna. R. R. Co. 6125 1336.... Portland Generai Elec. 5s_i935 Republic Iron & Steel 8s Sinclair Crude Oil Co. 51as hern Pacific 58 1934...... St L. IMS Ry R &G. 45 Union Elec, Lt. & Pwr. 68 1933 102 Union Oil Co. of Calif. 5s 1935 Virginia Rwy. & Power 55 1934 Wabash Rwy. Co. 55 1939...... pivashe feeits £ 0 2y Gold production in Colombia last year was nearly $4,000,000. High. * Low. Close. 24 221 22% 6% 13 14 Wabash 24 53°39 Wabash bs D '80. .. Walworth 6s A "45. rn Br Pic 65'3: Warn Quin s West U'n ol tr West Union 5! West Un 6% n Westphalia 6s '53 Wil& Co 1st 6341, NEW YORK, June 23 (#).—Stocks steady; leaders improve on light ce- mand. Bonds steady; Germans rally. Curb steady; oils firm. Foreign exchanges easy; at record low. Cotton higher; steady cables; trade g. Sugar higher; Cuban support. Coflee quiet; commission house selling. CHICAGO, June 23 (#).—Wheat, bar- ley, steady; rust damage reports doubt- ed; heaviness Winnipeg. Corn steady; reports export inquiry; short, cove! Cattle steady to weak. Hogs active and higher. Japanese yen BONDS ON THE CURB Bales in thousands. DOMESTIC BONDS. High. Low. Clese. % 11 T 6. 83 82 2 89% 893, 56's 56's 2315 4 Y 6 415 131 15 14% 15 x g s '44 C Asso Tel Util 6s '33.. 38 5 2F»Il Tel Can 55 A 38 1Cin St Car 5 20 Citles Service 4 Cit Serv Gas 5! 4Cit Se P 7Cit Serv Pow 5.y 2Cleve Elec Tili 55 6 Comwh Edis 45 F ' 15 Communi P&L S5 ' 5Cn G U 143 Gas Util 6s A 29 Consum Pow 4'25 '3 20Cont G & E 55 A ' 6 Continen_Oil 5'.s 2 Cudahy Packe 55 5 D s 65 A 5Det C Gas 55 B '50 1East Ut Inv 5s A 4 Edis El Boston 5s 18 Elec P & L 55 A 2030 3% E 8Florida P & L 55 54 & 6 Gatineau Pow 55 '5€ 2 Ge, n Mot Acc 5s '36 Ray 6 Rel Wi 28 587 56 s xw actor 5w oeh B 6128 Grand Trunk 6'.s 36 Guardian Iny 53 41 8812 8 i 827 54 a2 821 2 58 6 66 947, 0 Mass Ga: 3 Memp P < Mid Wes 10 0099y Schults ; a =50 R ol w0 OB N0 a s DR T o Do hw C&E 55 A '57 t G 6s 45 So'thw PEL 6 A 2072 tand Gac & E 65 '35 4 G 3va Pb &'bfl:’ o 46 3 rSis A 2Va Pup. Sery gy 5 41 with _warranis. n—New. wi CHICAGO STOCK MB8RKET CHICAGO, June 23 (7)—Rollowing is the complete official list of fransac- tions in stocks on the Chicago Stock Exchange today: Sales. uolfas (R T - R s FERECLI L igggg 3 + | General Allovs. : |top. 4.25; NING STAR, WASHINGT&)N, D. C, THURSDAY, JUNE 23, 1932. N. Y. CURB MARKET "} Received by Private Wire Stock as sate— Dividend ite. Add. 08. Aluminum of Amer 508 | Alum Co, Am p£(3). 508 I Am Beverage. . Close 231% 34w % Am Cit PEL A (a3) Am Cyanamid B. Am Equities. . Am & For Pw war., Am Gas & E pf (6). AmGas & El (31). Am Superpowe Am Sup’pwr 1st pf. Am Superpower pf. Am Yvette........ Ark P& Lpf (7)... AssoG&EAbS%. AsG&Eallct 1.60, Atlas Utilites. .... Bickford's (1.20).... Blue Ridge........ Blue Ridge cv pf a3 Brazil TL&P(b8% ) Brillo Mfg (60c)... Buckeye PL (4)... Bulova Watch cv pt Canadian Marconi. Cent PubSv A.. Cent States Elec. Cities Servie Citles Service pf. .. Clev Elec I1lu 1.60. Comwth Edison (8) Comwlth & Sou wai Cons Gas Balt 3.60. i Cord Corp. .. | Curtiss Mfg A. Deere & Co. . De Forest Radio. .. Dubilier Cond & R. Durant Motors.... Eisler Elec Corp. .. EI Bd & Share b6% . Elec Ed & Sh pf (5) Elec B& S pf (6).. Elec Sharehld pf a6 Eurcka Pipe L (4). 5 Europ El Ltd A 30¢ Florida P & L pf(7) Ford Motor Can A. Ford M Ltd. ....... ! Foundation For Sh Fox Theaters (A).. o e BarmiB ehinannalomn omppemes o S [V -Opa 8 SIUPRIVE e Corp. .| Glen Alden Coal. .. Gold Seal Electric. Graymur Corp (1). Grt A&PT n-v 161 ilecla Mining. Holling Gold 170¢ Hudson Bay Min. . Hygrade Food. Imp Of] of Can 50c. In3CoN Am (2)... Int Petrol (1)..... Int Superpwr (50c) Interstate Equities Italian Superpw A. | Knott Corp. | Kolster-Br Am sh. “ke Shore M (1214 { Lone Star G (béde) Ludlow Mfg Asso 6 20 114 6% 22% 8% 108 0 PS8 B 28 i 4 3 s FINANCIAL. Direct to The Star Office. Stock and Sale— Dividend Rate. Add 00. High. Memphis Nat Gas.. Mexico-Ohlo Iil. .. Midl West Utilities Mo Kans Pipe L. .. Mountain Prod 80c Natl Aviation . Natl Fuel Gas Nat Leather i Natl Steel war. ... 1 Few Eng Pw pt (6) 508 New Jersey Zinc 2. 1 Niag Hud Pwr(n).. 7 Niag HPwrAwsn North Europ Oil.... Pactf Lighting pf 6 Pacifi West Oll. . Paramount Motors Penroad Corp. . . Penn W & Pw (3).. Philip Morris(new) Phoenix Secur Corp Polymet Mfg...... Radio Prod.... . RR Shares Corp. .. | Red Bank. | Roosevelt Field. Root Refining cv pf Low. Close. 2 2 74 | Royal Typewriter.. | 8t Anthony Gold. .. | St Reg1s Fape; Schulte Real 4 | ate | Secur Allied (1)... Sei Ind all efs(5%) | Singer Mfg Co (8). So Am Gold & Plat. Southland Roy 20c. Stand Oil Ind (1).. Stand On of Ky 1.20 Stand P&L pf (7) Stand Pub Srv A... | Stein A& Co (1 Stinnes (Hugo) | Swift Intl (t4). | Swiss Am El pf | 8ylv Gold M Ltd 4c Tech Hughes (€0c) Texon Oil & LA (1), Tubize Chat Cory... | Un Gas of Canada. . United Corp war. United Founders United Gas. . United Gas pf (7).. Unit Li&Pwr (A).. Unit Lt & Pwr pf US&Intl istpt.. . Unit Verde Ext 40¢ | Util P& Lt | Vick Finane (30¢). Walker (Hiram) West Mass Co West Power pf ( | Wilsen Jones YOl & G Dividend rates in dolla cuarterly or semi-annual fPartly extra. ayaole in cash or tock in" stock in stock in stock. stock, meut. *Ex. oS e Adjustment dividend. Piu: § Plus 6% in stock lus 1Plus 2% 1n stock & Plus 10% | m Plus 3% 1in stocl n Plus 8% in © Pald last year—no regular rate New York Cotton Special Dispatch to The Star. NEW YORK, June 23—Cotton con- | tinued to fluctuate within the narrowest lLimits of the season today and prices 3 | held within a range of 7 points, ending 2 to 3 points higher than yesterday. 2| While weather corditions were the best 'O Wheat values today. so fer this month, a large number of | weevil reports tended to steady the market. Spots were unchanged at 5.30. “| "Cotton range: P ECHICAGO LIVE STOGCK MARKET | cHICAGO, June 23 (#) (V. S. De- - jpartment of Agriculture.) —Hogs—Re- : " | ceipts, 17,000 head, including 4,000 di- A rect; market active, mostly 10al15 above yesterday: 180-280 pounds, 4.10a4.20 290-370 pcunds, 3.8524.10; ;140-110 pounds, 3.8524.10; pigs, 3.50a |385; packing sows, 3.15a3.65; light | light, good and choice, 140-160 pounds, 3.80a4.10; lightweight, 160-200 pounds, 3.90a4.25;. medium veight, 200-250 pounds, 4.05a4.25; heavyweight, 250-350 | pounds. 3.85a4.20: packing sows, me- {dium and good, 275-500 pounds, 3.00a 3.70; pigs, good and choice, pounds, 3.35a3.90. Cattie—Receipts, 5,000 head: calves, 2,000 head: meager supply: strictly good and choice fed steers and yearlings steady; top, 810, on weighty steers, 8.00 on long yearlings; bulk of steer and yearling crop comprised lower grades; these weak, instances lower; other classes about steady; grass cows and heifers slow, weak:; steers, good and choice, 600-900 pounds, 7.00a: 3 - 1,100 pounds, 7.00a8. 1,200-1,300 pounds, 7.0028.25; 1.800-1,500 pounds, 7.00a8.25; common _and medium, 600- 1,300 pounds, 4.25a7.00. Heifers, good and choice, 550-850 pounds, 6.00a7.00; common and me- dium, 3.75a6.00; cows, goed and choice, 13.2585.00; ccmmon and medium, 2.50a 3.25; low cutter and cutter, 1.50a2." bulls (yearlings excluded), good and choice (beef), 3.2524.75; cutter to me- dium, 2.75a3.40; vealers (milk-fed), good and choice, 6.00a7.00; medium, 5.50a6.00; cull and common, 4.60a5.50: stocker and feeder cattle, steers, good and choice, 500-1,050 pounds, 5.00a 6.25; common and medium, 3.50a5.00. Sheep—Receipts, 14,000 head; mar- ket steady to strong; spots higher; clearance practically complete; good to choice native ewe and wether lambs, 6.00a6.25 to packers; outsiders, 6.50a 6.75; fed yearlings, 4.00a4.50; lambs, 90 pounds down, good and choice, 6.00a 6.75; medium, 5.00a6.00; all weights, common, 4.00a5.00; ewes, 90-150 pounds, medium to choice, 1.00a2.25; all weights, cull and common, 1.50a1.75. - Dividend Omission Discounted. * NEW YORK, June 23 (P)—Weakness in the stocks of Electric Bond & Share Co., in the past few days prepared Wall Street for the omission of dividends on the common and second preferred stocks i of Electric Power & Light Corporation, of which the former is a large owner. On December 31 last Electric Bond & Share held 1,976,638 shares of Elec- tric Power & Light common and 13,905 shares of second preferred. A B CHICAGO DAIRY MARKET. CHICAGO, June 23 (#).—Butter, 9,996 tubs; steady; prices unchanged. Eggs, 15637 cases; unsettled; .extra firsts, 1315; fresh graded firsts, 13; cur- rent recelpts, 111%: storage packed firsts, 131%; extras, 14. S BALTIMORE STOCKS. Special Dispatch to The Star. BALTIMORE, June 23.— STOCKS. Sales . 115 Arundel Corporation . 67 Consolidated Gas com : 8 Consolidated Gas 5. A 2 Consolidated Gas 67, cum pfd D 49 Finance Service com B 2280 Houston Oil pfd. 23 thern Cent R R Col Last sales. 16% 4Pa Water & Powel 105U S Fidelity & Gi R United Rwy & 4 i 500 United Rwy & Eiec {dg 8. . FOREIGN EXCHANGE. tions furplshed by W. B Mibbs & Co.) n evaty Nominal gold Selling che ! value. taday. Lon, n. pound Pari§_franc. Praue. cown (nom.) Warsaw, 10“ g Queen Mary | Claveland Electric KA ; A—1§ il}URB SHARES HOLD AFTEREARLYDROP : | Public Utilities Issues Display Firmness—Trading Vol- ume Is Small. BY JOHN A. CRONE. Special Dispatch to The Star. NEW YORK, June 23.—The Curb Ex- j ctange, after early irregularity, showed signs of firming today, but trading re- mained dull. The popular Electric Bond & Share around 6!; at midday was up a small fraction. Standard Oil of Indiana st | 18% also was slightly higher, but Cities Service at 2'; was a shade lower. Iluminating and Pennsylvania Water & Power also im- proved. Indicative of the cullness was the fact that cut of 36 representative issues, only 11 appeared during the first hour. Of these 10 were public utilities and the eleventh wss Standard Oil of Indiana. General Tire & Rubter cmitted its 6 per cent preferred dividend. Garlock Packing reduced its dividend from 15 to 10 cents and Farr Alpaca Co. took no action on the 50-cent quarterly due at this time. The latter company ended the vear May 31. 1932, with a net loss of $1,742,616, against at net loss of $1,- 683,566 in the 1931 fiscal year. Laclede Steel Co. cut its dividend from 25 to 15 cents. Seeman Brothers, {Inc., declared the usual 75-cent com- mon quarterly. Southern California Gas Corporation ordered the regular quarterly on the 6!, per cent preferred. Most of these shares, however, were no more influenced immediately by their dividend actions than were other con- cerns by various announcements. Per- fect Circle Co., for instance, reported a gain of 38 per cent in its Canadian sales in the first five months of 1932, |but the stock did not respond. Gold mine shares were active, per- Ihaps as a result of the Ontario gold production figures. Hoilinger and Teck | Hughes were higher and Lake Shore Mines was steady. With the exception of United Verde Extension, which was lower, copper shares lagged. American Founders 6 per cent pre- ferred series D came eut on a string of bids and offers_which began at 7 and 11, the quotations later Curtis Manufacturing of late, was down about a oin United Light & Power A was a strong spot in early afternoon dealings. Then Niagara Hudson Power new, Pacific Western Oil, Swift International and New Jeresey Zinc moved forward. On - this move New Jersey Zinc was up 1% points. By the Associated Press, 1 | CHICAGO, June 23 —Uncasiness over ' signs of a heat wave Northwest, point- | ing to increased danger of black rust damage, gave an undertone of strength | Rains delaying harvest in the Texas Panbandle were also a bullish influence. | On the other hand, wheat exprt bus ness at the Seaboard was distinctly dis- appointing. Wheat closed fidgetty at the same as | terday's finish to lower, corn at « advance, hanged end pro- | | visions 12 to 20 cents up. WHEAT— July. old July. new September old September. new December . col Ju September | December 1 OATS— September’ December 29% 3237 Dece 35% Currency Exchange Plans. NEW YORK, June 23 (#) —lndorse-‘ 100-130 ments of exporters’ plans for a foreign | currency exchange to be established New York are seid to have ceived from business associetions in ' Chicago, Boston, Detroit, St. Louis and | San Prancisco. " Wheat Crop Reduction Seen. A reduction of 200,000 bushels in the wheat crop of the Northern Hemi- | sphere, excluding Russia and China, is ' probable. according to reports received by _the Department of Agriculture. | The July 1 carry-over in the princi- | pal exporting countries, together with | | the United Kingdom port stocks nnd‘ | quantities afloat, was estimated at 15,-| | 000.000 less than a year ago. H The United States enters the new | | crop year with prospects of a Winter| | wheat crop about 377.000,000 bushels | smaller than 1931. Partially offset- ting this, however, is a probable do- mestic carry-over of 360,000,000 com- | pared with 319,000,000 last year. ° i Check Clearances Improve. NEW .YORK, June 23 (#).—Check clearances for the week ended June | 22 showed more than seasonal improve- | |ment at $5.040,122,000, compared with $4,448,690,000 in the preceding week, Bradstreet's reports. Bank of France Statement. PARIS, June 23 (#).—The ‘weekly statement of the Bank of France shows the following changes in francs: Gold increased 669,000,000; sight balances abroad decreased 460,000,000 bills dis- | counted at home decreased 8,000,000 bills bought abroad decreased 1,051,000, 000; advances decreased 8,000,000; cir- culation decreased 719.000,000; current accounts decreased 295,000,000. 4 Rate of discount, 2, per cent. in Business Pickup Reported. NEW YORK, June 23 (#)—Procter & Gambie Co., has experienced such & marked l:)‘igk-dup mdbu:mess that the company lecided to postpone in- definitely the annual shut-down for overhauling of plants, which usually ocurs in the first half of July, it was reported in Wall Street today. The ccmpany’s shipments for the week end- (ed June 18 established a high record, it is said. SILVER QUOTATIONS. NEW YORK, June 23 (#) (Noon).— Silver futures steady; sales, 825.000 ounces. July, 27.40 bid; September, 27.65 bid; October, 27.80 bid; December, 28.10 bid; January, 28.25 bid. Cough Saves Man From Grave. As preparations were being made to lower a native, believed dead, into a grave in Uganda, Africa, a cough from the “corbse” stopped the funeral. He was found to be breathing and was taken home, where he Is regaining his health. The man had fallen ill and was | thought te have died. After he had been wrapped in a shroud the funeral was delayed 24 hours, but as there ap- parently was no sign of life, the burial flt&hlflmm'mmw- nal Gathering to Be Resumed. The Braemer thering, the big event of the Bcottml season, is to be resumed this year, and will be held on September 8. It was abandcned last year because u{ thexglnth of the '"j Princess Royal. ing George an: are to attend the been re- | Baltimore Markets Special Dispatch to The Star. BALTIMORE, Md., June 23 —White potatoes, old, 100 pounds, 8511.00; new, barrel, 1.25a2.65; sweet potatoes, bushel, 35a60; yams, barrel, 1.0021.25; aspara- gus, dozen, 50al.75; beans, bushel, 50a 1.00: beets, 100, 100a2.00: cabbage, hamper, 12a40; carrots, 100, 3.00; cauli- flower, crate, 2.00: celery, crate, 1.75a 2.00; cucumbers, bushel, 50a1.00; corn, crate, 1.00a1.50; eggplants, crate, 1.25a 2.25; lettuce, bushel, 25a75; onions. per 100, 60a75; peas, bushel, 1.25a2.25; peppers, crate, 1.25a4.00; spinach, bushel, 30290; squash. bushel, 50a1.50; tomatoes, crate, 75a1.60: apples, bushel, | 7522.00; ' grapefruit, box, 35024.50 oranges, box. 3.00a4.75; cintaloupes, crate. 1.1523.25; blackberries, crate, 1.00a2.00. Dairy Markets. Chickens—Young, 16a24: Leghorns, 13al6; old hens, 13al6; Leghorns, old, 11a12; s, 8al0; ducks, 8al; | pigeons, pair, 20a25. Eggs—Receipts, 1,969 cases; current | receipts, 13. Butter—Good to fancy creamery, 16a 18: ladles, 12a13; process, 14al5; store packed, 10. i Hay and Grain. Wheat—No. 2 red Winter, garlick: spot, domestic, 53'z; June, 53ik July, no_quotations. Corr—No. 2 yellow, spot, domestic, |42a43; cob corn, new, 17582.00 per | barrel. Oats—No. 2 white, domestic, 31a31%; No. 2 white, domestic, 30a30: Rye—Nearby, bag lots, 40a42. Hay—Receipts, none. General hay market is quict. Receipts ample of | timothy, but good mixed hay scarce and | bringing a premjum. Price range from 12.00 to 16.00 per ton, as to grade and | kind; latter figure for choice clover mixed The poorer grades of timothy are irregular in price. Live Stock Market. Cattle—Receipts, 75 head. Steers— Good to choice, 6.25a6.75; fair to me- dium, 4.25a4.75; plain to fair, 4.00a 4.75; common to plain, 3.00a4.00: bulls —medium to good, 3.5024.00; fair to medium, 3.00a4.50; plain to fair, 2.75a 3.00; common to plain, 2.50a2.75; cows —good _to choice, 3.5024.00; medium to good, 3.00a3.50; fair to medium, 2.50a 3.00; plain to fair,-2.00a2.50; heifers— good to choi 5.2585.50; medium to good. 500a5.25; fair to medium, 4.00a 5.00; plain to fair, 3.50a4.00; common to plain, 1.25a2.00; fresh cows and springers, 30.00260.00. Sheep and lambs—Receipts, 1.000 head. Lower. Sheep. 1.00a3.50; Spring lambs, good to choice. 6.50a7.25; com- mon to medium, 4.00a6.00; buck lambs sold at discount. Hogs—Receipts, 125 head. Higher. heavies, 3.9084.50; Lights. 4.4024.85; medium, 4.40a4 85; roughs, 2.50a3.50; light pigs, 4.05a4.55; pigs, 4.30a4.75; Western hogs, 10-20 higher. Calves—Receipts, 50 head. Lower. Calves, good to choice, 5.00a6.25; com- | mon to medium, 3.00a4.00. Receivership Asked. ANNAPOLIS, Md., June 23 (Special). —A petition for the, appointment of a receiver for the Carvel Hall TA- tion has been filed in the local Circuit Court by Thomas M. Conley, through his attorney, Albert Jerome Goodman. The petition alleges that the defend- ant corperation is indebted to Mr. Con- ley in the sum of $1,086.89 for services rendered from August 20, 1931, to June 17, 1932. o Judge Robert Moss has signed s couit order directing that a receiver be appointed to take over the corpora- tion, subject to order of the court, un- less cause is shown to the contrary on or before July 20. The court order | directs that the order be served on the torporation before July 5. MONEY MARKET. NEW YORK, June 23 (#).—Call money steady; 2'2 per cent all day; time loans steady; 60-90 days, 1'2; 4-6 months, 1%, per cent. p Prime commercial paper, 23;a3; bang- ers’ acceptances unchanged. PARIS BOURSE PRICES. PARIS, June 23 (#).—Three cent rentes, 73 francs 15 centimes. ve per cent loan, 97 francs 25 centimes. Exchange on London, 91 francs 80 centimes. The dollar was quoted at 25 francs 42 centimes. . 0. S. TREASURY CERTIFICATES s Oc! 3 P 25 May 2 itys June 13, y 3.