Evening Star Newspaper, June 24, 1932, Page 15

FINANCIAL. INACTIVE MARKET Early Gains Lost as Selling Develops—Domestic Group Weak. BY F. H. RICHARDSON. Bpecial Dispatch to The Star. NEW YORK, June 24.—Bonds trend- ed lower today in fairly active trad- ing. The market opened with a firm tone, as a result of the reduction in the re- discount rate -of the Federal Reserve Bank of New York. The cut to 2!z per ¢ent was takén as a definite indi- cation that the outflow of gold to France had stopped and that the Fed- eral Reserve cculd now go ahead with its policy of easing credit. Bill rates were @lso reduced, thus bringing the whole structure of official money rates closer to the open market rates, which have been considerably under the of- ficial rates for some time. Time money quotations also drogped. The immediate effect of this was to push United States Government long- term bonds 'i te '3 point higher. This strength continued uunnr most of the morning. but then selling developed when Washington advices indicated that there was & good chance that the Garner and Wagner relief bills, - propriating some $2,500,000,000 for State loans and the financing of public works for relieving unemployment, | | | UNITED STATES. ABales are in $1.000.) Migh Low. Close. Lib3%832-47... 1018 10031 Lib 1St 4348 32-47 10121 10117 Lib 4th 438 83-38 10224 10216 J 9 ” 9220 M4 10216 10183 1058 104 20 Sales. High Abitibt PAP 25 18 hany C) y bs 49, .. Alleghany b8 ‘50 .. Allis-Chalm 5837, Am FPbs2020.... AmI1GChE¥%s 4. Am Intisiga’an. .. Am Metal 5% 8 34, 124 9% | Am Sm&Ref 6847, Am Sug Ref 6827, Am T&T e tr b Am Wat Wke b Am Wr Pap 68'47.. Argentine 5%8 62, Argent §¥ 61 May. Arm & Co 4% Atchison gn 48 0| Atchison 4% m 8., At CLel 4n'62... Atl Guit& W1 5w'69, Australin 434088, . Australia could be passed over a presidential| Austral veto. With a prospect of heavy new Treasury financing, all the openinj gains were Jost. Most Treasuries ari Liberties went to net declines ranging from Y, to over % point Similarly, in high-grade corporation {ssues such as American Telephone 5s, Union Pacific first 4s, Norfolk & West- ern 4¢, Standard Oil of New Jersey 58 and General Motors acceptance 8s the opening gains’ were more than can- Austrian Austrian Int Tel&T 4% . Int TA&T 4%48'63 IntT& 5 Irish Free St 5860 Japanese 648 ‘54, Jugosl Bnk 78 '67. Kan C FIS&M 4 Kan C PAL 448 Karstadt 68 43. Kresge Found 65'38 Kreug & Toll 58’59, 1 Laciede Gas Lautaro Nit Lig & Myers §s '§1. Lig & Myers 7. Long Isl Lorillard 7s '44. . L& N unt . L &N 434 C2003 L&NGSsB2003... % M1l B Ry Mil BI Rva&Lt MK&Tex s A Mo Pac gn 4576 Montevideo Ts Mor&Co 1st 4% 18 101% 244 80% 80 CREDITS EXTENDED Increase of $50,000,000 is Reported for Week Ended June 22. By the Associated Press. The daily average volume of Fed-| eral Reserve Bank credit outstanding| during the week ending June 22 was; reported today by the Pederal Reserve Board as $2,205,000,000, an increase of | $50,000,000 compared with the preced- | ing week and of $1.339.000.000 com- {nrloga with the corresponding week n 1931 On June 22 total Reserve Bank credit amounted to $2,288,000,000, an increase of $18,000,000 for the week This rise corresponded with an in- crease of $38,000,000 in money in cir- culation and a decrease of $62,000,000 currency, . It was offset in part by a gain of 88 000,000 in monetary gold stock and | decreases of $35000,000 in member | bank reserve balances and $40,000.000 in unexpended capital funds, non- member deposits, etc Holdings of discounted bills increased $4,000,000 at the Federal Reserve Bank | in" Chicago _and $3.000.000 at San/ Francisco. Decrease of $14.000.000 at| Cleveland, $3.000.000 each at Kansas| City and Dalias and $8,000.000 at all Federal Reserve banks combined were reported. %n holdings of bills| ht in market decreased $12.- 000,000, holdings of United States Treasury notes increased $30,000.000 and of Treasury certificates and bills, $8,000,000 New York Cotton Special Dispatch to The Star. AUTOMOBILE CENSUS FIGURES ANNOUNCED By the Associated Press. A statement by the Commerce De- partment indicated there was 1 auto- mobile to every 56 le in the world in 1931. The Uni States boasted 1 car to every 4 people, followed by Hawaii With 1 for every 7. Canada and New Zealand tied for third place with 1 for every 8 people. Australia had 1 car for every 12 per- sons, while the Principality of Monaco, insignificant as a market, was fifth among the countries of the world, hav- ing 1 for every 14 inhabitants, France had 1 for every 26. Germany, Italy, Spain Greece, Hun- gary and Rumania have a ratio greater than 1 automoblile to every 51 persons, while such countries as China, Egypt, India, the Philippines, Turkey and many ratio in excess of 1 car to every 251 persons. The combined ratio of cars to popu- lation in all countries cutside of the United States was 1 to 201, as com- pared with 1 to 200 in 1930, PARIS BOURSE PRICES. PARIS, June 24 (#).—Three per cent rentes, 74 francs 20 centimes. Five per cent loan, 97 francs 50 c:ntimes, Exchange on London, 91 francs 68 centimes. The dollar was quoted at 25 francs 43!4 centimes. BONDS ON THE CURB DOMESTIC BONDS Sales in High. Low. Cloge. A thousands. 10 Aln SEoNS. SasTIN Latin American nations have a | FINANCIA N. Y. CURB MARKET ‘_u!'ve‘ by Private Wire Direct fo The Star Office. Stock and Saie— Dividend Rate. Add. 0. High Aluminum of Amer 350s 24 Alum Co, Am pf(3). 508 Aluminum Ltd.... 1 AlumnLid cu pf(3) Am Beverage AmCit PRLA (a3) AmCities P&ALB, Am Laun Mch 1:30. Am Superpower. . . Am Sup'pwr 15t pf. Am Superpower pf, AsS0GAEAbI%. Ass0 Gas & E war.. AsvoGaEct(8).. Atias Utiifte Avias UtiTwar, Atlas Ut pf A Biue Ridge. . Biue Ridge cv pf a3 Brazil TL&P (b3 %) Buft N&E 18t pt(5) Cable &Wire,B reis B I Chain Stores Stk. .. Cities Service Cities Service pt. .. Clev Elec Illu 1.60. Col G & Bevpf (5) 30s Comwith & Sou war 10 Cons Gas Bait 360, Consol Rétail Stra. = B9 5 nt Pete. .. Curtise MIg A. Desre & Co. . De Forest Radio. Driver Harris. Durant Motor, EG& I Asprpf Eastn 8ts Pwr (B). Bisier Elec Corp. .. B Bd & Share b6 % . Elec B4 & 8h vt (5) Klec B&S Dt (8).. Flec Pwr As(A)80e Burop El Lid A 30¢ Ford Motor Can A. , Ford Motor Can B. "12 Ford M Ltd. . s Foundation For Sh 14 241 8tock and Saie— Dividerd Rate. Add 00. High. | naCoNAm (1)... 1 22 | Int Petrol (1).. interstate Eq cv pf. | Kirby Petroleum. | Lack See (). Mare I M p87 1-10c. | Mayfower Asso(2) | Mid Sta Pet vte B. . Mountain Prod $0¢ 3| NatlFuel Gas (1). Natl PwkLt pf (8) 50s 461 | New Eng Pw pt (6) 1608 17% New Proceas (1).. 1 2i N Y Tel pf (435)... 508 104% NY Transit (40c).. 1 iag Hud Pwr(n).. Niag H Pwr A wsn | Nia Hud Po B wa n. orth Sta Pw A (3) | Otlstocks, 1.ta | Pantepec O11, Penroad Corp. | Phil Morris Ine. . | Phoenix Secur Cerp | Pioneer Qold (12e). | Radio Prod d Rwy & Lt Sec (1% 24 | Red Bank. .. 4 | Reitance intiA.... 12 2'% | Seaboard UUI (28¢) 10 | Secur Alited (1) 1 | Ser Ind all ota(5is) . Shenandoah pf. | Southiand Roy 20 Stand Oil Ind (1).. B Stand Of. of Ky 1.20 Stand Ol Ohio 2% . 1 | Stand Pub Srv A, | Starrett Corp pt | Swift&Co (1). | Switt Intl (t4). Swise Am El pf (6) 50s yivian G M Ltd | Tampa Ei Tech Hughes (80c). 1 1 3 2 9 1 1 2 1 2 1 1 4 3 9 Unit Lt&Pwr (A) 6 2 Unit Lt & Pwr pf. 3 10 U 8 Elec Pwr ww 1 US Linespt....... 1 Util Equities pf 5% 50s Utll&indpfith... 1 Waltt & Bond (B) | Walgreen Co. .. | walker (Hiram). & N A1k CURB ISUES DROP Lt d . INBRISK TURNOVER Market Turns Downside, With Most Losses Confined to Fractions. BY JOHN A. CRONE. Special Dispateh to The Star. NEW YORK, June 24—The Curb Exchange reacted fractionally after |the end of the first half hour today, | with trading increasing somewhat on the downward side. In the leaders, Electric Bond & Share was off a shade around 6% at midday. Standard Oil of Indiana was |down 34 to 181, Cities Service was |off a trifie at 2l;. Commonwealth Edison declined '3 to 53';. Responding to the lowered redis- | count rate of the New York Federsl | Reserve Bank, stocks opened up, only 0 reAct as & result of the increase In currency circulation, & resumption of bank fallures, less fayorable news from Geneva and Lausanne and the passage | of unemploymient relief bills calling for | huge governmental bond issues. Nor was trading sentiment helped by | the character of business news. Rich- | man Bros. Co. for the second time in | #ix months reduced clothing _prices. John B. Stetsch Co. took no action on | the semi-annual preferred dividend | payment due at this time. Electric Vacuum Cleaner Co., Inc., reduced its common quarterly from 50 & | to 25 cents. Lehigh Coal & Navigation | cut its_quarterly rate from 25 to 20 | cents. Terro-Enamel Corporation passed the quarterly class A participati divie dend. Arrow-Hart & Hegeman Electric cut the 25-cent rate to 15 cents. Good- |man Manufacturing sliced the 6213 | cents quarter): 50 cents. Haverty | Furniture pai 4 cents on ita pre- ferred, sgainst 37!, cents heretofore. Carrier Corporation, which seldom comes out on the tape, opened off % point at 3 Mglu 4 national analysis of the air conditioning industry p:int- NEW YORK. June 24.—Cotton prices eased off About 5 points today under 45 Ing to the concern 4s & pioneer in the celed, & business. Air conditioning bookings by It was only In speculative bonds that Alloys. . N YCal4n's? 1% General Ayiation N Y Centdb 4884, 67 Belgium 7o '§§ Wenden Copper steadiness made itsélf apparent. These descriptions, already so low in price as to be unaffected by either money market developments or the floating supply of high-grade bonds, in some cases showed marked advances. Shell Union QI 58 were up 1!; points. United States Rubber 55 gained a point. A fow of the junior rails also showed firmniess, including Tllinois Central 43s, Canadian Pacific 4s, Baltimore & Ohio | Belginm 78 ‘6 Bell Tel Pa b 8 Bell Tell Pa sx C'60 Benef Loan 68 '48.. Berlin Cy EI BerlinCity 1634 4,5, Pennsylvania 6'5s, Erie 58 and | Brasil 614s’26. Southern Pacific 4!3s. New York City tractions were irregular The foreign department was affected by the declaration of a temporary moratorium by Austria. It is under- stood it is more or less of an expedient to force the powers convened at Lau- sanne 0 approve the 300,000,000-shill- ing loan that Austtia needs to support her currency and thus enable the ex- port of funds for the payment of ex- ternal interest and sinking funds. It 1s believed funds for the July 1 coupon of the Austrair’ 7s of 1957 are on hand. The bond is° currently quoted around 28, at which price it yields about 35 per cent to maturity. 4 German government issues held well. British 51;s were firm. 8o were French and n_bonds. Washington Stock Exchange 'SALES. Potomac Electic Cons. 55—$1,000 &t 102, ‘Washington Gas 6s “A"—$1,000 at 99. $1,000 at 99, $1,000 At 99, $1,000 at 99, $1,000 at ¥9.~ Wash&fiafi%z‘so—u,ooo at 100%. Potomac _Electric 5% % ptd—10 10214, 16-at 102% Bid and Asked Prices. PUBLIC, UTILITIZS, Tl 4%as 1 et tr . Pot R R. 58 Pot_: Guar. 88 L V. at Amer_ Tel Am._ Tel & Anacostia Anatostis pital PUBLIC UTTLITY. Amer. Tel & Tel. (§) W ong Lieme & (T ash Oae Lig av.l S W, Beamboat (12) Elec. Power 6% pld, t. Elec. Power $'2% pid Wash. Ry. & EL com. (T Wash. Ry. & Ei. 9l ) The following fMgures are mot bids, but hm*- represent minimum prices fixed by the Washington Stock Exchange. NATIONAL BANK. (14) Min. Capital sesne . Columbi 12 Commercial (stamped) (10) District 8) oy Natl Bk & Tr. ( Metropolitan (14) cond _(9e) . Washington (12)..........c0000 TRUST COMPANY. et Sec. T, €o. (15) a8 jaorges Bk. & Tr. (8) Wash. Loan & Trust (14) BAVINOS BANK. . yings (10) % v.‘l ||\‘ k, (1T) e Itlkhltllu 30) . Wash. Mechanics (200 PIRE INSURANCE. ymerican (12) remen s ( National Union (18 TITLE INSURANCE. Columbia (6h) Real Batate (6hi MISCELLANEOUS. 1. Medical Blde. Corp (8 t. Natl. Sec pfd tge. & Inv_ ptd, (4 ug Steres pid M. & G pfd. ( Woodward & Lothrop Woodward & Lothrop p Ex dividend o o0ks Closed %) nibe extra extra % extra 2% extra Unlisted Department. 2% extra, g3 extra Ra% extra 5% extra atropolitan Club 4 jational Press Bldg acostia Bank apin Sacks 85, pfd nnecticut Pie Co r. Heurich Brewery istrict Title Ins ankiin_National unsey Trust Co stional Capital Tnsura rtheast Savings Bar g5 Bank leigh Motel Co . . ipgion Eavine: Ben ashington Tub oodridge-Langdon Savings Bank Gasoline Price Advanced. NEW YORK, June 24 Brazil8s 4 i Bklyn B4 6x A '49. . Bklyn » . il Bklyn Un Gas 6860 Budapest 88 . Euff Gen Kl 4% Bush Ter con 5a'65 Can Nat Ry ¢ 4#'s1 Can Nat Ry 4% g:n NatRy 4% Nat 5’68 July Can Nat 6889 Oct. Can Nor 4353 Can Nor deb 7s 4 Can Pacdb 45 CanPacils Can Pac 41448 °80. Can Pae b~ 44 ctfn Cent 1'] B&G 5551 Cent Pac 18t 4543, Cent Pac 5s'60. 99999922982257 3 Chi Mtg Bk 6%s CinUnTrust 55 2020 7. Clev Ter 5%s Cologne 6%8'50. ., Colomb 68 ‘81 Jan.. Colomb &s ‘61 Oct.. Colon 011 63’38 Colo & Sou 418 * Col G&E bs ‘52 May Col Gas&Kl 5s°61.. Com (nves § 49 Cepenhi Copenhag H Cuba Nor 5148 '42., Cuecho 88 i1 Del&Hud ref o meeeeRe~ Bex D&RGrends’y D&RGWEs'Ss.. Det Bai 48 D 61, Deutschs Bk §s ‘32, Dodge Bros s 40, Dua ¢ DEIsY Dutch Ea Duteh East 1 Firfe cv 4s A ‘83, Eris gen 48 'Y Rrie ref b . Erieref bs'76..... Fiat deb Ta " Finland 6% Finland 634 n ‘6 Finland 78 '80..... Fram Ind 734843, French Gov 7a'49.. French Go T%Hs . Gen Motors Gen Th Eq Ger Cent Bk Ger Cen Bk & Ger Cen Bk & Cen Bk Ti Ger Gen Elec 6 Ger Gov k% German § German GoodHopeR&l Goodrich §%4 Goodyr Rub bw'é7. . Grand Trunk 78’40, Grt Nor ¢ %8 B'71. GriNor b%s B '53. Grt Nor n e Greek 63°63. » - eBal. wRBonn Sean acwinRen Fud & Mrfbs'57.. Mumble Of] b8 °37., 99 10044 21 111 Bell Tell 6156, 101% 111 Cent c! tr 48 ‘88 111 Cent rf 48 B5... 111 CCStL&N b8 A 111 Steel db ¢ 3 Inland St 4%s A Int Hydro Kl It Masch B8 41 () —The | Int Mateh 6 Standard Oil Co. of New Jersey has ad-| Int Mer M ‘the spot tank ur‘rrlne of 3, cent & guilon ut 81l points '(erflwry except in New York, \ Int Ry CA 83 NYCentan'd2.... 64 N ¥ Cont 4’98, NYCrf4%a01tn 26 2013.. 18 E NYC NYC&SIL 4% NY BLH&P s 48 NY NHAH 3148 '54. NY NH&H 44087 Nord 6% 850, Nor & Wn on 4/ Nor{&Wn aiv orth Am Co § Nor Am Ed 55 C'69. Nor Am E5% 563, N Ger Lloyd és'47. 31 NorOT&Lés'47. % Nor Pac gr. x:ltm 20 Pac T&T 1stbs’ Paramount #s ‘47. Rowemma— t Penn gen § Penn 6% 8 Penn O&D 414877, Penn P&L 4% " Pere Marq 4345 '3 Pere M Ist 5856 Peru §s 81 Phila Co Phila Elee Phila & Read Philippine R 4s'37. 8 Phillip Pet 18°29 20 Pillsb F M 0000 B e ©3 19 Poland 8s '50. Port Gn El 414368 27 Pos Tel & C 5s'53.. 10 Prussia 6s ‘52 Public Serv 4s 7 Ofl 514837, Ol b%s 40, Read en 4%4m A 97, 11 Read Jer Cn 4s ‘51 4 R Gr Do Bul ¢ RIAr&L4%a'se, Rome §34s°53. .. 1 Reyal Duteh 4845, 1 Rumania 7859, St L 8W 1t § 8a0 Pau 7s 40 Sao Paulo 8 Bazon P W 834#'51. 2 “ 1 Sine O11 31, SineCrObin'1s Sino P L 6242 Skelly O11 & BW Bell T s A 'S4, » 12 100% 8ou Pac col ¢s 1 BLOINT e%a b1, 43 Talwan E P b%eT1 R Tenn B1 P 68 A ‘41, Third Avadj bs Teb P.NJ 6% 2032 35 Toho EI Pw 6332, 2 Toho El Pw 8 '56.. 14 Tokio %8 ‘61 7 Tokio Bl Lt 12 UE&P StL 1st 55'33 5 100% On BIPSL ref be'33. 2 102 Un Pacistds¢7.. 33 UnPacén'ss...... 6 Un Pao rf 43 2008 Unit Drug se §3. Utd King 538 37 U 8 Rubber 6847 UnSt Wl Utll Pow %8747, Vanadlum St 6s'¢1. 20 Vert Sug IstTs'42. 1 Vienna 6s 52. 2 Va El&Pwr 54842 1 VaRvistisd's2 5 Va SW istcnbs's8 1 favorable weather over most of the belt and influenced by weakness in the stock market. The volume of business was light, with enough July liquidation to ease the tone. Spots were unchanged at 5.30. Cotton range IN EXCHANGE MARKET By the Associated Press. NEW YORK, June 24.—PFollowing its | mild recession of the past two days, the | dollar braced itself in the !ml{n ex- change markets yesterday and with few exceptions advanced against other cur- rencles. British sterling declined % cent to $3.61% for cables. French cables were 1-16 point lower to 3.93 7-16 cents. The belga was off 1 point to| 13.92 cents. Swiss was off 1 point to| point to 19.47% cents. The Holland llder was an exception to the general {rumd‘ advancing ' point to 4037}z cents. There was & slump in Japanese yen, which closed at an all-time low of | 27.87% cents for cables. CHICAGO LIVE STOCK MARKET CHICAQO, June 24 (#) (United States Department of Agriculture) —Hogs— Receipts, 11,000 head. including 2,000 direct; active, 15 to 25 higher; 180-250 ; top, 4.50; 260-310 140-170 pounds, 4.15a 7504.00; king sows, to 3.80; light and choice, 140-160 pounds, light, weight, 160-200 pounds. medium weight, 200-250 ds, 4.3084.80: heavy weight, 250- 50 pounds, 4.00a4.40 king sows, medium and good, 2758500 pounds, 3.10a 3.80; pi good and choice, 100-130 pounds, 3.6084.00. Oattle—Receipts, 1,500 head: calves, 500 head; fed steers and yearlings about steady; moderately active, but grassy kinds very dull; no choice cfferings here; best in load lots, 7.10; part load. 7.25; grass steers and grassy cows and heifers weak to 25 lower; others steady Slaughter cattle and vealers: Steers, ’ood and choice, 800-§00 pounds, 6.7 25; 900-1,100 pounds, 7.00a8.25: 1.100- 1.300 pounds, 17.00a8.25; 1.300-1.500 pounds, 7.0048.25; common and medium, 600-1,300 pounds, 4.25-7.00 Heifers, good and choice, 550-850 pounds, 5.75a7.00; common and medium, 3.5026.00; cows, good and choice. 3.00a 5.00; common and medium, 2.50a3.25; low cutter and cutter, 1.50a2.60; bulls (yearlings excluded), good and choice (beef), 3.2524.75; cutter to medium, 2.758340; vealers (milk fed), good and | choice, 6.00a7.00; medium, 5.50a6.00; cull and common, 4.0045.50; stocker and feeder cattle, steers, choice, 500-1,050 ' pounds, common and medium, 3.25a6.00. Sheep—Receipts, 8,000 head; un- changed; clearance practically com- plete; good to choice native ewes and ‘wether lambs, 6.00a8.25 to packers; few closely sorted lots 6.5088.75 to out- siders; rangers and fed yearlings ab- sent; lambs, 90 pounds down, good and choice, 6.00a8.75. medium, 5.0046.00; all weights, common. 4.0005.00; ewes, 90- 180 pounds, medium to choice, 1.00n 2.26; all weights, cull and common, 501.75. FOREIGN EXCHANGE. (Quotations furnished by W. B. Hibbs & Co.) Nomi selling checks jengen, pound 3 me rich, franc Athens, drachma Madrid, peseta Vienna. Budapest. Prague. crown (nom ) Warsaw, sloty 1i.3%¢ Gopennagen. "crown a4 Otlo. crown 26 tockholm. crowr 26 8¢ Montreal. 127, discount BALTIMORE STOCKS Bpecial Dispateh to The Star. . BALTIMORE, . Gas com nsolidated Gas 3% cum ptd A 7 Pidelity & Guar Fire Corp aryland Gasual s lity & Guaranty $3.000 United Rwy & Elec st 4 Plant Schedule Incre: NEW YORK, June 24 (#)—Buick Motor Car Co. has increased its July schedules because of an increased de- mand and A more encouraging outlook idsummer sales Sales. High. Low. Close Wabash 4%8'78... 2 5% b4 Wi h 18t 68°39. . Wabash 53 D'80... Walworth 65 A ‘46 Wara Quin 63 ° Warren Bros Warsaw 73’53 West E14b bs 44 West Md 4x A ‘52 West Md 534877 West Pac 684§ West Union 65 '61. W . Union 5. w U Westphalia e FEPT wanuEButea S uuSsezapnaralyr: 5 2I28TERRRE . BI3S8S! S Gl 3 &k Slas 47 b PAL By anitoba Bw 5iax ‘31 u 55 7 222N NS ATN O INBTRININS IR JL BTN 2 S35 T 3 2 R 323s5ersSagnsagessaassanras FESTTEFTES 3 S Fidddgogessess regsgs . £l B %0 tor 7s 184 vex Tex Uiosh A 83 3 7 Westvac Chi Bus 37101 FOREION BONDS. N FE2 s £3 gouuesSyy, uesmzsovvsseyy 78 '35 103 55 A 55 90'4 k88 °32 ? xw x 3 3 w i Boe eigp A5 & nit Indust 8ln '41. 30V, With warrants. & CHICAGO STOCK MARKET CHICAGO, June 24 (#).—Following is the complete official list of transac- tions in stocks on the Chicago Stock Exchange today: Sales. BTOCK Abbot Lab . Amsoc Tel Uil 8t n-AlIlll . Binah AV 3 : g{.’ ?;I"m; Ber pf. nt Ul ¢ . 200 Gent 200 Cent 10 Cent 60 Cent & o Cities Bery . Comwith Edis M 4O 1 :“A 1% 5% b 4 2 0 e pi » West 30 Met Ind 2700 Mid West_ Util 700 Nat Sec Inv i | Qlen Alden Coal. Gold Beal Electric... Goldfield Consol. P @t A &P Teapt (7) 808 @uilf Ofl of Py 1 Heorn & Hard (214). Hudson Bay Min. . Huylers Del em pt % 1 164 2 1 HIP&LDL( 168 2 imp 011 of Can b0 Grain Market By the Assdciated Press. CHICAGO, June 24—Overcome by bearish influence of the course of securi- ties, grains turned downward today after an early display of firmness. Aside from anxiety about black rust menace and relative to grasshopper damage, crop reports continued favor- able both as to the American and | Canadian Spring wheat outlook. Export demand for North American wheat re- mained slack. Wheat olosed heavy, %a% under yesterday’s finish: corn, '4Alz down; oats, i off, and provisions, unchanged to a rise of 20. High. Close 473 jember,. " old . new._ ... ber 29% a7 NEW YORK, June 24 () —Stocks weak; pivotal shares touch new lows. | Bonds irregular; ralls sag. Curb heavy utilities weak. Foreign exchanges eas: sterling declines. Cotton lower; favor- able weather; easy stock market. Sugar steady: commission house selling. Coffee higher; trade buying. | CHICAGO, June 24 (P).—Wheat barely steady: beneficlal rains Canada: moderate hedge selling. Corn barely steady; optimistic crop news: sympathy wheat. 16 steady to lower. Higher Coal Output Seen. NEW YORK, June 24 (#).—The Na-| tional Coal Association estimates bi- | tuminous production in the United | Btates for the week ended June 18 at 4,100,000 tons, compared with 3,075,000 tons in the :&neflln( week and 6,63 mlm. in the corresponding week in| West Cart pf (¢ Westvaco Ch pt “ 4" “ 9 & | Wil-Low Catetery LY Wiwth Ltd k23 3-5e 9 Wright Harg(t15e) 2% 2%| Diyidend rates in doll ased | quarierly or* Semi-anitual » purmenc” ‘¥ | diyidend. tPartly e Splus 4% in atock. a Paraple in casl ° Ab) ¢ Adjystmens divi 4. ‘Jlfll li lus. g\ ‘1- (4 . lus 6% 1 S in stock. .1 Plus L Plug 3% n Plus n stocl 5t year—no reeuls 'ADVANCE IN suaAr | Reports of Pool Plans by Cuban Institute Result in Heavy | | Buying in New York. | By the Associated Press. NEW YORK, June = 24.—Another | spirited advance in the ‘price of raw | | sugar futures marked the early trading | in that commodity today. Stimulated by reports that the Cuban | | Sugar Institute had sgreed in principle to the formation of a pool to take & large quantity of sugar off the market, traders bid actively for contracts, caus- ing an opening advance of 1-100ths to | 3-100ths of ‘& cent option sold at’ 8t pound compared with its recent low of | 58-100ths. December hands at 1.02 cents against & low of 71-100ths. Corresponding strength was displayed |in the market for spot raw T, though early transactions were light. Market Averages By the Associated Press. e, z8 =S g 2527 ETSEEEEEEE 3 S Rttt Rttt Baiss Pripveat sl Sanbuaateauess S ey 4 2 -3, asaty Ey et 3 PO et ¥ Ao Three years ago. igh. 1932 w, 1032 PeetRatutm 532322233 SagaaSzseeza’s” sisfieliscs Busulsonneaeias B2RETeseEored! 25353zeg 82 § e mao: ] 3 (Copyright, 1932, Standara g i $ Let NO. 28 of a Series of R selecting a bank—the Columbia National Merits YOUR Consideration. 41 concerns last year amounted to $10.742,000. For the first four montihs of this year such bookings were $2,852,- 000, against $5,400,000 in the same 1931 P Exiension of ens| of the $21,250.000 bank loans of United Gas Corporation to July 20, 1933, sa announced by its parent concern, Electric Power & Light Cor- poration, wis without market effect. Appcintment of receivers for De Forest Radio and Durant Motors long had been forecast on the tape. The first section of the highway eon- necting Addis Absba and Jimma was open recently by the Emperor of First Mortgage Loans Lowest Rates of Interest and Commission Thomas J. Fisher & Company, inc. ENTERPRISE SERIAL BUILDING ASSOCIATION 7th and Indiana Ave. N.W. Shares of Stock $1.00 Each, Payable Monthly. lz paid on stoch withdrawn 88¢h Series of steck now open or iption — OVER 40 YEARS This Institution h w on 9 purehasing your savings or Inquire for details. home. Open Daily 9 to 5 Saturdaye Until Noen S PERMANEPIJT BUILDING ASSOCIATION 20ns wRY—when The "Columbia National" Be Responsible For Your Valuables While You ENJOY Your Vacation Those many the ve mean all hardly re. tion from others |, Bring them te the their value, little things that world to you will care and conside s interssted in Columbia National in a Safe De bonds, stock ewelry, papers and heirloom: will have absolute protaction from FRANK J. STRYKER. President all harm in a private Safe Deposit Box—for LESS THMAN A PENNY A DAY. Boxes in sizes to meet all uirements, $3.50 a year up. Make arrangements TODAY, forget i efore you WE PAY 3% INTEREST ON SAVINGS CONVENIENT ROURS Dally, 8:30 Open 1o 5 $—8aturdars il 18 O'Cleck on 1st and 4. 15th, 16th nd last day of the month