Evening Star Newspaper, June 27, 1932, Page 15

D. C, MONDAY, JUNE 27, 1932. FINANCIAL. FINANCIAL NG STAR, WASHINGTON, BONDS IRREGULAR INACTIVE TRADING U. S. Government and Prime Utility Issues Higher—Rail Group Sags. BY F. H. RICHARDSON. Epecial Dispatch to The Star. NEW YORK, June 27.—Bonds were irregular in active trading today, While United States Governments and prime utflity bonds trended higher and for- eign dollar issues held their levols, do- mestic railroad bonds, which comprise the buik of the corporation list, were £herply lower The market opened with a firm tone. bu. the many railrcad reports over the weck end made poor reading and there was a tendency to get out of carrier securities. Lotses of a point or more occurred early in Canadian Pacific 4s, Baltimore & Ohio first 4s. Chicago | seat Western 4s uri-Pacific 5s, New York Central 3.5, Nickel Plate 6s, Northern Pacific 6s, Frisco 4'.s and others. Later, part of the losses were | recovered, especially in the more specu- | lative bonds. | The New York Central was granted | 8 $13,600.000 loan for three years by the Reconstruction Finance Corpora- tion. The Interstate Commerce Com- .on modified its approval of a $10,- 000908 R F. C. loan to the Rock Island 10 fermit the road to apply $4,125.000 | to ba~k loans, $1.253.480 in payment of | eguipment trust maturities and $4.621.- 519 to pay fixed interest obligations ma- | turing between May 1 and September 1 United States Government long-term | bonds continued to rise still infl B by the recent reduction in the count rate and the apparent gold exports. In early were 15 to % higher, but a s of the improvement was cance mid-day. H.:b grade utility descrip- tions were fin ~ American telephone 58 of 1950 galneti fractionally. Peoples’ Gas 55 were & polat higher. Sout western Bell Telephone 5s, and Penn sylvania Power & Light 4l,s were strong. Industrials also displayed a good tone. Youngstown Sheet & Tube 5s were & point higher. Armour of Dela ware 528 gained 2 points. Conserva tive issues such as Standard Oil of New Jersev 5s, General Motors accept- ance 6s, Standard Oil of New York 41os | and Western Electric 5s were little changed. : Scme of the sharp movements in corporation securities can be traced to| the imminence of July 1, one of the most important settlement dates of the year. About $800.000.000 in interest | and dividends is payable on that day and total settlements for the month of July amount to about $1,500,000,000, in- cluding Government maturities. Hence rospects for the payment of July 1 Prtereat or dividends carry great weight Jjust now. Ontario Power Service 5'%s today continued their rapid advance of last week, chiefiy on prospects that the coupon due July 1 will be met, since Ontario Hydroelectric has announced its intention of taking over the Abitibi Canyon profect, which Ontario Power Service cannot complete because of its inability to raise $5.000,000. Abitibi| Power 5s also were strong. The latter company guarantees the Ontario Power Serviee bonds. The foreign list was heavy. German government issues held their levels fairly well, while German municipals and corporation obligations, such as German General Electric 7s and Sie- mens & Helske 6los were depressed. | Ttaly 7s lost a point, as did Polish 7s. | Other Europeans had smaller declines. | South American issues were firm. Y. 5. TREASURY CERTIFICATES| (Reported by Chas D Baney & Coo Rate—Maturits 7 Aug %, 18, 1932 100 gert. 18 1912 1% 10 100 1932 101 1033 101 102 100 100 2 100 8 101 100 issued end 1 . 15 ! 15. 15, 15, 2 1, 100 22-33 Washington Stock Exchange | SALES. Potomac Electric Cons 102. ' Weshington Rwy. & Elec 8012, $1.000 at 30', Patomac Electric 5 10214, 10 at 10232, 10 at 10213, AFTER CALIL Washington Gas 5s—$1,000 at 1 ‘Wachington Gas 6s 1003s. Norfolk & Washingtor —7 at 105. Bid and Asked Prices. BONDS. PUBLIC UT; & Tel 4as & Tel. ctl tr ctia & R Anaco:tia & Pot, tis & Guar AP%°F Brel. of Va 58 Capital Traction R R City & Suburbin s, Georgetown Gas_ 1st &5 Potomac Elec. Cons. 5 Potomac Electric 65 195 Wash., Alex. & Mt Ver Washington Gas 4128 ington Gas 5s Series A 6. series B & Elec. 45 MISCELLANEOUS ber & Ross. Inc.. 6': BAces Chase: Glob Bas Col. country Club_ 5! Wash. Mkt Cold Sto STOCKS. PUBLIC UT! Awier. Tel & e ital Traction i) (\:":’sh GAs ght Co ‘1% N & W. Steambcat ( Por™ Elec. Bower 67 Elec. Power 5% y. & ElL co & EL pf 55—$1,000 at 4s—$1,000 at Amer, Tel Am. Tel. Wash, RwY rely rtepresent minim (n;l'e Washington Stock Ex NATIONAL Capital (14). . Columbia Linc Metropolitan’ (14 TRUST COMFA Tae Co. (1 Bank of Bethesda & Savin Washingto Fotomac (10 Bec. Sav. & C Saventh_Strect American (12) Corcoran (10) Firemen's (8) National Union (i TITLE INSURANCE. Columbta (8h) Real Estate (60 MISCELLANEOUS Me: Mergenthaler Lino Natl. Mtge. & Tnv Peoples Drug Stores pi Real est. M. & G. pta §3curity Storage (5%) Ter. Ref. & Wr. Corp. The_Catpel Corp () W Mech Mtge. com. Wash_Med. Blde Corp < ward & Lothrop com. '(120) @ | Bell Tell Pa | Bordeaux s 24, .., | Brazil 618 '26-157. Ip&ar D& | BONDS UNITED STATES. (Sales High 1013 101 20 102 25 93 94 20 98 98 19 98 1 100 1026 . 10427 Sates Abitibl PAP 6’53, 17 Ab&St5%s43... 5 A'leghany Cpbs ‘44 1 Alleghany b Alleghanv Allis-Chalm AmF P 5 Am 1 G Ch5%s 48 Am Intl 5% =40 K Am Meral 5laete. 4 Am Sm&Ref 5247, 2 AmTAT 4%n39. . 4 Am TAT e tris 46 56 Am T&T deb S '®8 4R Am TA&T deb 53 °65. 24 Am T&T flis a2 Am Wat Wk 5s'34 Am Wat Wks 6575 Arcentine 5148 62, Argent 6=’ 61 May. Arzentine 6s 59 Ju 5 Arzentine §= 59 Oc 1 Arzentine fs A ‘57, Argentine 6s B Arm & Co 4% Arm Del 514 Assnc Of 6= Atchis 4s 1905 Atchisan en 4= "5 Atchison 414 ax AtiC 1, 1st 4552 Atl Ref dh 5s 31483247, 1St 4148 32-47 38 | Aastralin e Australia s Australia S 57. . ustrian Taax. . Austrian 7s ‘57 &0 1stds 8. 041522 04%n 60 O 18t 5548, Orefss" Oref 6sC O Swav O Toledo 4s 2tav Pet 4145 42, Belgium 6s 3 Be'sium 634='49. . Relefom 78°'66..... 5 Bel~inm 7s 56, . 7 Rell Tal Pa 58 B'4R. 26 'R0 Rarlin Cv FI 6 ‘55 RerlinCityF16 16851 1 BerlinCityElf % Ruth St! pm 53 '36. Rolivia 75.58. . Rolivia 8= 47 & L3 & & & & & FEEEETELE] Bos & Me 5 '55 Brazil f34<°27-'57, Brazil 7s C R '52. Bremon 78 '35 Bklvn Fd 5= A 48 Bklyn 3an fx A ‘€8 32 BkIvn U/nGasss’45. 13 Bklvn Un Gas 58'50 4 Bidanast fs &2 25 Ruff Gen Fl4%e1 6 BR& Pitts 438 57 Calif Packine 5540 Canada 4 60 Canada 4% =26, Canada 5’52, .. . Can Nat Ry 4&#'51 12 Can Nat Rv 4%e's6 8 Can Nat Rv 41 &'57 25 1 1 9 0 4 1 1 8 5 1 9 8 5 ] 4 1 2 2 3 4 at s 69 Tuly t 58’69 Oet. or deb 78 *40. Can Pac dh 4» Can Pac 4% 846 Can Pac 41560 Can Pac 5= "44 ctfa. Car Clin & O 68 '52. Cant Pac 1st 4549, Cent Pac 5x 60 Ches Corn 6547 Ch & Oh con 5 '29. CB&OQen 4 CB&OQrf5sT1 CPR&Q 11 Av 4540 Chi & Bst 11 e Chi Grt West 4'59. 51 CMSIPAP5='75.. 43 CM&StPadifn.. 68 Chi&NW 4%s C'37 12 Chi & NW 4% x4, 38 Chi RI&Pgn 4s 88 2 ChI RIAP rf 4n"34. 15 ChIRT&P4tks's2 22 ChIRT4%n 60, 14 CTH&SE 1st 55°60, & Chilin Sta 4%="63 2 ChiUnSths4s.... 2 hi Un Sta 64862, 2 C& W ind en 4s'52, 19 C& W Indbys'62, 5 Chile 7a*42. ... 5 Chile 65 '61 Sept 5 Chile Cop Ab 53 47, 14 Chi Mtz Bk 6% Clev Term 4% Clev Ter 5145 A 73 Colomb 68’61 Jan.. Colomh 6= '§1 Oct Colo & Sou 418 '35 3 E 4 Toa R 1 10 2 1 2 n 16 11 5 { Colo & Col GRE Col Gas& Com Inves 5%s 49, Con G NY 4%s'61. Con G NY 5%n'45. Con Pwr Jap 6% Consurn Pow 58 Canenhag 414% 53, Copenhag 5s 52 Cuba 5% 45 Cuba R R 1st 58 Cuba RR Czecho 85 '51. De! & Hud 5 Denmark 4158 '62.. Denmark 5148 '65.. Denmark fs ‘42 on 4x R G W hs G W68 4ign D61, D& Duteh Fast | 6547 Dutch East | fw'62. Eriecv4s A Frie gen 4s 96 Erieref s 67 Erie ref 55 ‘7§ Finta " Finiand 5185 Finland 6 45 Finland f1g« ‘56 . Fram Ind T%s 42, French Go 4. French Go 71 3en Motors 627 jen St Cas 514840 t Bk 6828 r Cen Bk &8 607 er Cen Ptk Ta ‘80 Gen Elec 6548 10 Gen | * 45 2 oviles 66, 192 rman 6158 '60. .. 17 jerman Rep 7a 32 Goodrich 68 45 15 Goodrich 63847, 7 Goodvr Rub 5’57 36 Grand Trunk 63 '36 10 Grand Trunk 78’40, 2 GrtNor 4 s B*11. 1T Grt Nor 52 C 7 1 Grt Nor5%sB'52. 5 Grt Nor gn 78°36.. 32 Hud & Madibs'57. 5 Hud & M rf6s'57.. 15 111 Bell Tell 68 56 12 i Centeltr4s’ss. 3 111 Cent rf 48 55. 26 (1 Cent 4% 66.. 13 A 3 &NSsA. 14 [ 111 Steer db 4% 40. 1 Inland St 4%s A'78 1 Iniand St 434 B'81 | Int Rap Tr rf 65 66 int Rap Tr 68 32 Int Rap Tr 7832 Int Cement 68 ‘48 Int & Gr Nor 63 '52. s Weodward & Lothrop pid " (7) *Ex dividend. 5% extra bBooks closed. 2 extra. extra. “extra. Int & G N ad 6852, int Hydro El 6344, Int Match 6841, Int Match 6847 Int Mer Mar 68 ¢ 7 4 3 3 1 8 3 5 13 s 1 101 101 102 17 10222 10130 1024 104 21 High 20% 71 in $1.000.) Low 101 101 9222 9411 97 26 98 15 97 26 99 28 93 94 98 9% 98 99 104 1815 70 12 /1y 5 s 1915 61 [ 25 908, 100 a a4 100% 1 71 51 311 101 [o] Close Low Ciose 100 N NEW YO STOCK EXCHAN Received by Private Wire Direct to The Star Office. Sales. Int Pap 68 '58. 6 Int Ry CA 6% 5 Int Tel&T 44833, 1 Int T&T4%s'52.. 18 IntT&TEaB5.... 11 Italv 7= '61 30 Italy Pub L 15 | japanese 5%s'65.. 9 1 | Japanese 631 6¢.. 17 1 | kanc Fisen a3t 18 Kan C P&L 4%3°'61 33 Kan G&E 4%8°'80.. 3 Kan City Sou 58’50, 3 ‘Kln City Ter 4s'60. 5 Karstadt 6s 43 ... 14 Kend 5= 48 ww.. 4 ’Krsvm&Tnl\ 58'59. 24 4. ! Int Papref 58 A7, 1 | 5 2 4 19 20 27 20 70 12 fip 5 68 191 61 il 29 qas, Laciede Gas Laclede 548 C'5: Lake Shore 31,557 ro Nit 6854 f.eh Valen 42003, Leh Ven 41es 2003 Leh Valen b= 2003, | Liz & Myers 53 51 Loew’s 63 41 Lorillard 5s 51. Lorillard 7s 44. La & Ark 55 ‘69 L& N unf 45 40 L& Nref 535200 Lyons 6534 ..... McKes & R 5% Manhat Ry cn 4590 Market T8 A 40, Marseille 6534, .. Midvale Stl 5536 Milan 6% MStP&SSMen 4< MSP&SSM 515 MK &T 1st 4590 MK &T 4s B 62 IMK&T 478 MK & T adj 55 67 MK & Tex Mo Pac £n 4 MoPacrfasA’6 94 ay o 71 511y 311y Mo Pac s 1 '80. Mo Pac 1 5s ‘81 Mo Pac 5348 A ‘¢ Montevideo Ts '5: Mor&Co 1st 4148 Nat Datry 5% #'48. . Nat Steel 68 ‘66 NOT&MGE%a54. Nw 8 Wales o8 '67. Nw & Wales iu 38, NYC34s97 N Y Cent 45 '8 NYCrefars? NYCrf4%ks2013n N Y Cref 55 2013.. Y Cent db 6s '35 YC&StL4 ; YC&SIL 415578, NYC&StL5%=A"T4 NYC&SIL 1at 65 32 N Y Edison 5s B'44 Y Ed rf 6%s 41, Y EL H&P 4549, ¥ ELH&P 58 '48. Y NH&H 315 '54. Y NH&H 416567 YNH&H 6548, .. ¥ O&W rf 48°92. N Y Telgn 434539 NY W&B 4345 '46. . Nia Sh MA 538 '50. ord 6143 '50 Nor & Wn cn 4s orf&Wn div 4 orth Am Co Nor Am Ed Nor Am Ed 55 C'89, N Ger Lloyd ¢s 41, Nor'Pac £n 3 2047 or Pac 55 D 2047. . Nor Pacr{ 632047, Nor St Pw 58 A "41. Nor 8t Pw 6s B " Norway 5563, orway 6543, orway 6s'44. Norway §s'52. Oreg-Wash 4s'61.. Pac GRE 58 42 TAT 15t 5 Pac TAT rt Paramount & Param-Pub 5% 50, Paris-Ly M 65’58 Paris-Ly M Ts Paris-Or 535 '63 | Penn sta 48 8 | Penn4isD 81, 33% | enncn 4%s '60. 15' | Penn gn 4128 65 3% Penn 4%8 D10 18 | pannbs’6s. ... 9% | Penn gen 55 68 59| Penn 6148 °36. .. | Penn P&L 4148 ‘81, Peop Gas ref 55'47. Pere Peru Peru . . Phila Co 5s"67..... Phila Elee 45 'T1... Phillip Pet 5% 839 Pilish F M 6343 .. PCC&St L 5s A 70, Poland 78 ‘4 ? Poland 8s'50...... Port Gn El 4% 60 Por R Am T 68 42. Pos Tel & C 53 '53.., Prussia 6s ‘52 - Prussia 6%s°51. .. | Public Serv 4s'71.. Pub Sv G 4% Pure Oll 5148 . Pure 01l 5%8°40. .. Queensland 68 °47., Queensiand 7s 41 Read gn 4148 A 97, Reading 4145 B '07. Rein R 5145A 47Tww Rhinelbe U 75 46 Rhine Ruhr 6s 53.. Rhine West 68°52.. Rhine West 6% '53. Rhine W 6855 ww Rich Ol Cal 63 '44. E Gr Do Sul 6368, RIAT& L4%s 34, Rome 614852 ... Reyal Dutch 4545, Rumania 7s '59 SIL IM R&G 4833, SUL&SF 4s A 80 L& ST 44818, StLSW 1st 488 St L SW Ist 5862, 1 San Pou 7s 40 o0 Pau'o ts 20 Panlo 8850, .. xon P W 6iaw'51. xon 7 45 eab A L rf4s'59.. Sarhis-Cr-S1 7862, Serbs-Cr-S!8s 62.. Shell Un Of] 53 47. Shell Un O58'49ww Sine 011 6158 B 38 Sine O11 T8 A 37... SneCroO5ks3s.. Stne PL5s 42 ... Skelly Ofl 58 ‘39 | Sou Bell T&T 5841 SW Bell T 58 A '54. Sen Pac col 45 4. Sou Puc ref 48 Sou Pac 418 68 .. ISouPews 69 ww. Sou Pac 4% ‘31 Sou P&EOT 413 A" Sen v gn 4x 58 | Sou Ry xen 68 G8.. Sou Ry 658 56 SUOI N J 55 46 SUOUN Y 4%s Swiss 5148 46 | Tatwan E P 5%s'T1 Tenn E1 P 6s A 47, Ter As St L 48'63.., Tex Corp ev 58 44, Tex & Pac b8 B 11, | Tex& PosC'19... Tex & P§sD'80. .. Third A ) 53 60 Teb P.NJ 635 2032 Toho EI Pw Ts '55. ‘Toklo 5s 52 . Toklio 5%s . Un EIPSL ref 58’33 Un Pac 1st 48747, Un Pac 43 '68.. Un Pac rf 482 Un Pac 4%8 67... Unit Drug ow §3... 65141 Utd King Sips 37, 377| US Rubbe: b8 ¢7. 1614 | Un SUW 63 AT, vy | UASt W 614w A 51, Uruguay < e N 93% 41 4“ 49% 56 32 6814 MNP OUE ANADI IR IR NI~ 33 38 21 27 27% 9214 66 08, HaEN o 3% Vanadium St §s'¢1, 304 Vert Sug 1stTs'42. \ % R 67 6 73 6815 1017 30 24% 2415 22% 22 29 17% 18% et M 90% | 67 % 73 687 102 30 25 24% 22% 22 29 17% 20 WHEAT PIT LOOKS FOR TURNING POINT Present Quotations at Chi- cago Are Considered in Investment Zone. BY FRANK I. WELLER, Associated Press Farm Editor. The late upturn which carried wheat around 1'; cents above the week’s new lows for the season apparently was predicated on the grasshopper menace In Canada and black rust talk in the American Northwest. Developments in Spring wheat which till s to pass through the critical | stage seem to be the principal price- {making factors for the immediate | future, Turning Point. Considered an investment under 5) price the turning point. Saturday close at Chicago was 477« for July contracts. One operatcr told the pit crowd sidering the steady decline in open interest it must be “drunk” to sell In the fortles, particularly with the mar- ket in a technical position to respond to tangible doubts about the Spring wheat outcome. He backed his opinion with substan- tial purchases His actions usually attract a considerable following Although there are about 10 black rust scares to each year of actual dam- age the next six weeks will be an open sezson for alarm. The di has been defintely identified at Redfield, S. Dak., and reported from Nome, N. Dak. | While early svmptoms have not shown n Spring wheat until the forepart of July in most past seasons the crop is fully 10 days ahcad this year. * The sections in which it is expected to spread include Western Minnesota, South Dakota east of the Missouri River, all except southwestern portion of North Dakota, Manitoba and most of Saskatchewan. Weather conditions will determine the amount of damage. Spring wheat continued to make rapid growth during the week, heads appearing In parts of South Dakota and Minnesota where crops of 25 bushels to the acre were forecast. Average yields are still in prospect for Canada although, as in the Red River Vallev, grasshoppers are ecausing dam- age in Manitoba and Saskatchewan Losses up to 30 per cent have been caused by cutworms in important Canadian areas. Harvesting of Winter wheat has ad- vanced well into the Ohio Valley and into western areas of the Missouri River. The movement to market has been slow because wet weather forced most cutting to be done with binders. So far Southwestern mills have been able to absorb the new ‘crop, but if combines get into the fields by July 5. as anticipated, a larger movement to market is expected. Foreign observers feel that Europe can no longer be independent of North American values with Southern Hemis- phere shipments declining. Argentine exports for the week were about 1,000,- 000 bushels under last year and Rus: slan exports nil. However, nearby wheat is plentiful Large shipments can be obtained in two important that con- underselling the United States it may be hard to convince foreigners their price is 10 cents too low. Even Argen- tine wheat is 5 cents over Kansas City the widest spread yet. New American wheat is running to gulf ports and Black Sea shippers are scheduled to re- sume within a month Dry weather in North America or a wet harvest in Europe are about the only hope of improved world prices in the next two months. Yields in Italy are generally satisfac- tory; France expects a crop equal to domestic_requirements; estimated increase of about 27,000.000 bushels over last vear, and Germany about 37,000,000 bushels Grain Market By the Associated Press. CHICAGO, June 27.—Affected by New York stock market weakness, grain | values underwent late setbacks today, 4| more than canceling an early advance. | Wheat fell to below 48 cents a bushel for July contracts, and came within a ! fraction of the season's low price rec- | ord. corn had a bearish effect on all cereals toward the Iast Wheat _closed Saturday’s finish; corn oats, !:-': off, and changed to 17 cents h WHEAT Bt nervous, 7s under 13; down provisions, un- December OATS | guty September December RYE July Septembe | Bew 3 | December ¢ | | CHICAGO STOCK MARKET CHICAGO. June |is the complete offic tions In stocks on Exchange today . list of transac- Chicago Stock 450 Assoe 20 Assoc 250 Bendi. 500 Borg-Warse 50 Butler Bros 100 Gent 1!l Pub 100 Cent Iil Sec 300 Cent 111 § 100 Cent Pub 100 Cent & € 100 Chi Ve 50 Cities 450 Com 130 Decker & 350 Poote Bio 30 20 Ward Mo Stock sale BONDS 6000 Chic Ry ct 5000 Grigsby Bond sale 39 35% 1s 40 36 35% $11,000 Baies High Low. Olose 5 45% 434 7% 76 615 39 35% Vienna 63 52.... Va Ry ist 55 A ‘62, Wabash 5la8 5., Warn Br Pic 6533 Warrea Bros Warsaw 7s ‘58 West Sh 15t 43 2161 | West E14b sa 44. West Md 4= A 52.. West Md 543 77, West Pac 58 ‘48 West 1'n ~ol tr West Unfon 58 51 West Union &5 '§0. West Un 6336, . Westphalia 65 '63. . WEObY% Wila Co st ‘Wis CentTm 4 Yokohama Yestn S&T s A'T3, 3 Ygstn S&T 88 B'TY, 33 0 € cents a bushei, wheat usually finds that | to 48 cents| weeks' time, and as long as Canada is | Spain _has an| Liquidation which broke out in| Following | POTATO MARKET. y CHICAGO, June 27 (#) (United States Department cf Agriculture) —Potatoes— Receipts, 163 cars; on track, 210 cars new, 22 cars old: total United States shipments Saturday, 847 cars; Sunday, 21 cars. New stock Stemdv: sunn''s moderate: trading fair; Southern Bliss | Triumphs and Irish Cobblers. i 5.a: .20, few 150; decayed, 1.15a1.30; Misso Cobblers, 1.35a1.45. Old stock dull; s plies light; trading slow; Idaho Russets, 90895. MONEY MARKET. NEW YORK, June 27 (#) —Call money steady; 2% per cent all day Time loans steady; 60-90 days, 1'; per cent; 4-6 months, 1': per cent. Prime commercial paper, 21,-23, per cent. | Bankers' accepiances unchanged: 30 | days, 1-73 per cent: 60-90 days, 1-7¢ per cent; four months, 1'5-1 per cent; 5 months, 1% -114 per cent | | BONDS ON THE CURB | MARKET. DOMESTIC BONDS High Rl 71 56 Sales in thousands. | 4Alabama Pw 2 Alabama_ Pow 3 Alum; 2Am C | 2Amer 2 Amer 1 Amer Low. Close a%s i " Roil M 41 Roll M A eating 85 4 Appalach Gas 65 1Arkans P & L Ss | % | s 30 Asso C 57 Asso 8As G& 3As0 G & 3Asso T & T &l28 | 8As Tel Ui | 5Asso Tel U 14 Bell Tel Can 1Cent Ariz L&P & 4Cen Tl P S 3! Cent 111 P 1 Sent Pow & | Yent Pib_ S > Cent St E s nt St P&L 555 ‘53 | i Dis El 4755 70 A Chic Ry cod 5s 2027 | ties Service 55 50 2 ties Service 5s ‘66 5 Cit Serv Gas 5'us 25 Cit Serv Pow 5'us 3 Cleve Elec Tllu 5 5 Cleve El Tllu 55 A ' 11 Comwh Ed 4'zs C 5 Comwh Ed 435 D 30 Comwa Edis 4s F 3 Com'nity P&L 5s 2Con G Bal 5%s E 4 Con Gas Bal 6s A 6 Con Gas Ut 6125 A 2 Cont G & E 58 A 1 Contizien OIl 5las 4 Crucible Steel 55 9 Cudahy Packz 58 Cudahy Pk 525 | 1 Rub Florida P Gatineau Pow 3¢ e tineau Pw 6s B jen Mot Acc 58 Gen Wat Wk 65 B Georgla Power 5 Gulf Oil Pa 3531 Gu Gulf St Ut 4125 B Hood Rubber 3125 '3 Hood Rubber 7s Hous Gulf G 65 A Hous L'& P 425 D 3 Hygrade Fd 65 A & & Lt 55 C ' liin P & L5 dnap P&L 35 A nsull ULilit 65 B | ntersia Power 56 '57 Intersia Power 6s '52 iowa-Neb L&P 58 '57 Jers C P&L 4135 C '61 Jer Cen PAL 55 B '47 Kimberly Cla 5s A '43 5ia8 3 10La P & L 55 '57 | .3 Manitoba Pw 5ias Mas:achu Ga 833252 | | c 88 c GAE 4iis P 60 86% c GAEL B 8s ‘41, 1023, cific GAE 55 C ‘52 9914 acific PW&L 55 ‘55 ila Elect 5iss edmt El 6125 A Potcmac Ed 55 E 5Proc & Gam 4ps 4P S No Il 4155 P '81 6 Pub Ser Okla 5s D '5i Pub § P&L Pug 8§ P&L 2Roch Cn Pw 35 A 58afe H Wat 4135 2 Scnulte RE 6s i8ervel Inc 55 ‘48 BShaw WAD 45 A ‘67 2w WP 4155 B 163 Shaw WAP 4135 D 0 3 Shaw W&P 55 C 'T0 5 SE P&L 85 A 2025 xw South Calil Ed 85 51 Scuth Calif Ed 35 '82 Sou Calif EAis 55 ‘34 15tand Inv 3 12 Standard P & L s 4Sun Ol 5iss '39 a Super of Illin 41.5 '68 10 Super of Tilin 47%4s '70 3 Swift Co Bs /40 wi 18wift Co I« 44 1Tex Citv Gas 5¢-'48 2 Texas Eleo 5s '60 wi 1 Texas P & L 55 ‘56 5 Thermoid Co 6s '34 ? Ulen & Co 65 44 43 Unlon Gult 5¢ 'S0, 27ini Lt & Ry 5lus Tnit P & L 6158 IVa Pb Ser 5 aldorf-Astor 7 et Pann £~ 2030 27 Wes Tex Ut 5¢ A '57 FOREIGN == Prov Ts ks 47, Co 6< B '51 Bk 515 ‘37 53 53 87 63 44 (3] Ger Cons Muns 65 ‘47 Cons Mun 7s '47 53 ww 53 xw 35 B Tis AC '63 Isotta Fras is '42 ww Fras 7s ‘42 xw Pow 65 A 63 52 A 46 -~ a5 s © « Is Ham ES&U 5'; Hamburg Elec ¥ fun It fendoza Nippon EI P 6 Prussia Elec 65 Rio de Jan 6las 30 tubr G Co, 6125 A 53 8 Tietz (L) 7'as 20 Upit Indust 6's8 ww - With warrants xw—_Without warrants n—New wi_When_issued 41 First Mortgage Loans Lowest Rates of Interest and Commission Thomas J. Fisher & Company, fnc. ENTERPRISE SERIAL BUILDING ASSOCIATION 7th and Indiana Ave. N.W. Shares of Stock $1.00 Each, Payable Monthly. 5% paid on stock withdrawn 68th Series of stotk now open for o | guy ! ‘| N. Y. CURB MARKET Received by Private Wire Sale— Add. 00, 2 Stock and Dividend Rate. | Aero Supply A AllAmGen........ 2 | Aluminum of Amer 150s Alum Co. Am pf(3). 1 Am Beverage. .. & AmCitiesP&LB. 2 Am Comwith Pw A. 10 Am Cyanamid B 5 Am Founder: 3 Am Gas & El (31).. 54 Am Lt & Tr (214) 1 Am Mfg pt (5).... 1008 Am Maracaibo Am Superpower. .. Sup'pwr 1st pf. Am Superpower pf. Arkansas Nat G Arkansas NUGS A. Ark Nat Gas cu pf. 3 Ind Lid k10c. Asso G&EADI%. Asso G& Ect(8). Atlas Utilitles. . Atlas Util pf A (3). Blue Ridge cv pf a3 Brazil TL&P (b8 %) Buckeye P L (4)... Buff N&E pf (1.60). Burma, L.td rcts de. Cent States Elec. Cities Service. . Citles Service pf. Cities Sy P&L 36 pf 508 Col G & Ecv pf (5) 150s Comwth Edison (8) 1 mwlth & Sou war osden Oil e.0.d Cons Gas Balt 3 Cord Corp........ Creole Petroleum Crocker Wheeler. . Deere & Co....... | De Forest Radio. Derby Oil & Refin. . Duke Pow (5) Eastn Sts Pwr (B). | Eisier Elec Corp El B & Share 16%. | Elec B &S pf (6). 25 42 2 8 c Pwr As(A)60c Elec P&L 2d pt A 7. 508 Elec Sharehld pfas 2 E .. 508 Europ EILtd A 30c 6 Fox Theaters (A).. 2 General Alloys. 8 Gn E Lt ret p36 3 Gen G&El ov pfB a6 50s Gen Theat Eq cvpf. 4 Glen Alden Coal 5 Geldman Sachs. . 3 Gt A &P Teapf () 708110 Gulf Ofl of Pa. 10 241 Hand Pagppfplic 1 % Holling Gold t70c. 1 4 Mudson Bay Min.. 4 1% New York Cotton Special Dispatch to The Star. | NEW YORK, June 27.—Despite weak- ness in both the stock and grain mar- kets, cotton prices made a further im- | provement today and closed 3 to 6| points higher than on Saturday. Heavy rains over a large part of the | cotton belt created ideal weevil-breeding | conditions, and the market displayed considerable strength throughout, though | outside markets became a depressing in- | fluence. Spots were advanced 5 points to 5.35. Cotton range: | | Clost October December January March May Markets at a Glance NEW YORK, June 27 (#).—Stocks weak; leaders touch new lows. Bonds irregular; United States Governments | firm. Curb heavy; utilities soft. For- eign exchanges irregular; gold curren- | cies steady. Cotton higher; unfavor- ‘able weather; steady cables. Brokers Want Triple Holiday. BALTIMORE. June 27 (Special).— Members of the local financial district {are hopeful of a triple holiday over the | | Fourth of July. Trading has fallen to | such a low ebb that, in the opinion cf | Baltimore brokers, it seems almost use- less to open the exchange for a two- hour session Saturday. Market Averages By the Associated Press. STOCKS. 50 20 Weel ago Month ago Year ago Three years ag Five years High,_ 1932 Low. ‘1832 Hign. 1931 Low,” 1931 High, 1930 Low. 1930 gEsSoutse S283203333. £828uaERenned Anwwowob-wnawl 20 Indus. Rails *539 526 20 Today Previcus day week ago Month "axo Year as0 Two years ago ‘Three years ago. § High, 1932 Low. 1932 . High, 1931 Low.” 1931 High. 1930 . Low, 1930 * New 1932 low. (Copyright. 1932, Standard Statistics Co.) |US&Int istpe. .. | US Play | Wright Harg (13¢) lin stock | uary 1, Direct to The Star Office. Stock and Saie_ Dividend Rate. Ada 00. High. Numble Oil (2).... 1 37 Huylers Delcmpf’ 3 30 INP&LDL(6)....508 29 Imp Ollof Can80c. 5 714 Ind Pipe Line k35c. 3 Int Petroi (1)..... 8% Int Ut B.. Lack See (4). Lefcourt R pf ( 2 ) Lone Star G (b6de). 1 | Memphis Nat Gas.. 1 Midl West Utilities 107 Minn Honey pf (6). 10s atl Aviation... 6 atl Transit (1) Newberry J J pf(7 ewmont Mining.. Y Shipbuild. . Y Tel pf (6%) & Hud Pwr(n) Niaz H Pwr A pissing $ hern P L (50¢) Pw A (8) 1st pf 1% arkeDavis (11.30) | Penroaa Cor Penn W & Pw (3). Phil Morris Inc . Phoenix Secur Cerp Pub Uil Hdx w.. Pure Oil pf (6) Radlo Prod. .. R R Shares Corp Royal Typewriter. St Regis Paver.... Salt Creek Prod (1) Secur Allied (1),.. lect Indus (new) lect Ind pri(5i)n enandoah pf. ... Colo Pow A (1). Invest em pf Stand Oil fud (1), Stand O of Ky 1.2 Stand O1l Ohio 2%, Stand Pw & Lt (2). Stand Pub Srv A Stromberg-Carl. Swift & Co (1). Swift Intl (14) Tampa Elec 2.24. Tech Hughes (60c) Tobacco Prod Del. ., Trans Lux DL P S Tung Sol Lamp pf 3 Ungerleider Fin. .. Un Gas of Canada. . | United Founders United G: ceeiean United Gas pf (7).. Unit Lt&Pwr (A).. Unit Lt & Pwr pf. ., U S Elec Pwr ww. . L 11 10 3% 4314 ard(1 UtlP&Lt.... Vick Financ (30c). West Cart pf (6)... 258 Westvaco Ch pf (7) 50s Wilsen Jones...... 1 1 2% 2% 2% Dividend rates in dollars based on last uarterly or semi-annual_pavment. *Ex ividend tPartly extra 3iPlus 4% In stocl a Pavable in cash or stock b Payabll stock. ‘e Adjustment dividend. f Pius in stock g Plus 6% in stock h Plus I TElus 2% in steck K Flus 10% in stock. m Plus 3% in stock n Plus 8% stock. D Paid last year—no regular rate. WINCHESTER BANKS PAY $100,000 IN DIVIDENDS Special Dispatch to The S*ar. WINCHESTER, Va., June 27.—Two national and two State banks in Win- chester have distributed in local terri- tory more than $100,000 in interest on deposits and dividends since last Jan- it was announced Saturday. Each bank has declared regular divi- %) 1008 dends for the last six months, payable | July 1, a record held to be remarkable. Local purchasing power, it was said, wili be still further improved by the distri- bution of $27,000 of dividend money July 1. and interest paid on deposits were Shenandoah Valley National Banl | $44,500; Farmers' & Merchants’ Nation- al Bank & Trust Co., $33.600; Commer- jal & Savings Bank, $20,135.49, and Union Bank of Winchester, $4,662.50. A Equit:i)le Co-Ope Assets. . Subscriptions for the 103rd I The How to Save Thousa saving th | financ The totals of the dividends declared Equitable’s Plan Teaches You tematic plan. Market Leaders Show Frac- tional Losses, With Trad- ing Volume Small. BY JOHN A. CRON Special Dispatch to The Star. NEW YORK, June 27.—The Curb Exchange crept along today, showing no change in the downward trend that marked initial dealings. Electric Bond & Share at 6 was off s around midday. So were Cities Serv- ice at 2 and Standard Oil of Indiana at 17 United Light & Power A st 2, Brazilian Traction at 81 and American Superpower at 155 were unchanged A series of unfavorable earning re- ports and further dividend reductions were among market factors over the week end. Southern New England Telephone was an example. It sold at 80 for the first time in months as the company reported May gross of 1.5 per cent and operating income down 9 per cent. Five months' gross fell 4.5 per cent and operatiug income 7.5 per cent. Middle West Utilities common de- veloped unusuzl activity shortly after midday, several blocks of 4,000 shares and one of 10,000 appearing on the tape in quick succession. Central States Power & Light reported $4.86 a share on the 80,000 no par $7 prefer- red shares during 1931. Central States Utilities owns 21l of the common stock of Central States Power & Light. Standard Wholesale Phosphate & Acid Works, Inc., passed the quarterly payment due at this time. Westmore- {;m('ih Inc Lr(‘d!i}rl‘d its dividend from 30 0 20 cents. Both issues are v - Pl h issues are very in Glen Alden was Stea 2 as Pennsylvania anthracite rommciire last week showed a gain of 14,000 tons, or 21, per cent over the preceding week. Aluminum Co. of America at 24, up 1 point, was the only wide mover in’ the industrials during the first hour, but later J. J. Newberry preferred yielded 2 points and Parke-Davis was down more than a point. Stromberg-Carlson, an inactive com- munication issue, declined 1!, points to a new low level of 3's. Radios were | very dull, the only news in that group coming from Arcturus Radio Tube Co., which called a special shareholders meeting July 18 to consider reducing capital by $2,574,000 and exchanging one present no par share for two new $1 par shares. This program would eliminate the present deficit and estab- lish a surplus of $681,295 Consolidated Gas of 3altimore was one of the ‘ew active operating power and light companies that moved up a point during the forenoon. New Eng- land Power & Light preferred during that period was off a point and New York Telephone preferred down almost that much. Independent oils made the best show- in |ing in the petroleum groups at midday, | with a fractional gain registered in Gulf | Oil and a rise of 1% points in Pure Oil preferred. Wright - Hargreaves Mines, | Ltd, in the preceding session had dis- counted today’s report that net thus far in 1932 was about twice current dividend requirements. Other gold mine shares lagged. —_— | Florida money soent for food prod- | ucts out of State was reduced from 1{5;’.000.000 in 1927 to $60,000,000 in Money on Hand to Loan on First Deed of Trust 6% Interest Reasonable Commission and Prompt_Replies to Applications JAMES F. SHEA 643 Indiana Ave. N.W. A 52nd YEAR COMPLETED rative Bldg. Ass'n WALTER S. PRATT, Jr, Secretary .....$6,237,762.31 ssue of Stock Being Received Systematically nds have won success in rough the Equitable’s Sys- You too, can enjoy independence by starting ount here now and saving ularly. Come 1 n and we'll explain. 915 F St. [ FIRST FLOOR O We announce with pleasure the opening of our New Offices WO ODWARD BUILDING Mackubin, Goodrich & Co. ESTABLISHED 1890 Bankers Members New York Stock Exchange Beltimore Stock Exchange Associate Member New York Curb Exchange WOODWARD BUILDING WASHINGTON, D. €. REDWOOD & SOUTH ST BALTIMORE. MD.