Evening Star Newspaper, June 30, 1932, Page 15

FINANCIAL. BONDS ARE HIGHER | INACTVE TRADIG German on Favorable News From Lausanne Parley. BY F. H. RICHARDSON. Epecial Dispatch to The Star. NEW YORK, June 30.—Led by the| foreign list, the bond market ranged | higher in active trading today. | ‘The market openel with a firm tone. | German government issues ran up about 2 points in reflection of the re- newed optimism in Europe over devel- opments at Lausanne. Many of the buying orders came from abroad. Ger- man industrials, utilities and munici- pals also advanced. The Bank of England cut its rate to 2 per cent. This forecast a further cut inthe New York Federal Reserve Bank Tate. now 21, per cent, but since this is unlikely to be made until next week, the effect on United States Government long-term issues was not prenounced. | As a matter of fact, Governments | opened !4 to 3 lower because of liquida- tion from Chicago and the continued efforts of speculators to drive Treas- urfes and Liberties down to buying levels. After overnight orders were cleaned up, most Treasury low-coupon issues were about Y4 to % point higher, with smaller advances in Liberties and ‘Treasury 4Ys and 4s. In the corporation list the feature was a sharp rise in the bonds of the St. Louis-San Francisco Railroad following approval by the Interstate Commerce Commission of a loan of $3,390,000 and the commission’s statement that the plan submitted by the carrier for re- duction of its fixed charges will prevent a receivership July 1. FPrisco 4148 Jjumped 3 points and the prior lien A 4s about 2 points. Later these gains ‘were extended. ‘There were small gains in Southern Pacific 4lps, Southern Railway 5s, Northern. Pacific 6s and Rock Island remndlnt 4s. Industrials were steady with a few declines. Dodge Bros. 6s and Armour of Delaware 5lzs were un- der pressure. Goodrich 6!2s, United States Rubber 5s and Stanard Oil of New Jersey 5s were firm. Utilities, headed by the seasoned bonds like American Telephone 5s and Philadel- phia Co. 5s, sought higher ground. The foreign list showed an inclina- tion to follow the German group. Great Britain 5%s were bought because cf the | Bank of England rate reduction and the consequent improvement in sterling ex- change. Other Furopeans and South American issues were firm. COUNTER CHECKS USED IN BALTIMORE BANKS Bpecial Dispatch to The Star. BALTIMORE, June 30—A number of the Baltimore banks have adopted *“receipts” in place of counter checks for personal use in making cash with- drawals, thus saving the new check tax of 2 cents. The form of these receipts varles at the different banks. ‘The receipt serves in place of a coun- ter check, whicb is construed as taxa- ble under the new revenue act. 1t is not negotiable as is a check and is simply acknowledgment by the deposi- tor that he has received the sum speci- fied from his bank. The receipt must be presented by the in whose name it is made out and who signs it to the bank in which he has his account. Danville Firm Plans Loan. DANVILLE, Va., June 30 (Special).— One of the largest deeds of trust ever recorded here has been written on the books in the Corporation Court author- izing the Danville Warehouse Co. to borrow $120,500 on its six valuable pieces of property in this city. The money will be used to liquidate and secure payment of existing indebted- ness. The action was taken in compliance with a resolution adopted by the board of directors on June 11 and ratified by the stockholders on June 24. Washington Stock Exchange SALES. Washington Rwy. & Elec. 45—$1,000 at y 9% Potomac Electric 5'2% pfd—10 at 10215. 2 ‘Washington Gas 6s “A"—$500 at 98%. Washington Rwy. & Elec. pfd—10 at 7%, 10 at 78, 10 at 78, 10 at 78. 10 at 7814, 20 at 78%%. Anacostia & Potomac 55—$1,000 at 40, $1,000 at 40. ‘Washington Rwy. & Elec. pfd—5 at 78! PUBLIC UTILITIES. id. Asked. Amer. Tel. & Tel. 4%s * o 30OV srnre ‘Am, Tel. & Tel. ctl. tr i et & Pot. R’ # c. Ca City & Subui 51 an b Georgetown Gas 1st Waghington Gas 4%s. ‘Washington Gas 5s.... w Gas 65, Gas 6s. ser Barber & Ross, Inc Chevy_Chase Club Col. Country Club 5%as Wash. Mkt. Cold Storage STOCKS. PUBLIC UTILITY. Capital (14)... Columbia (12.:." 1 (stamped) < & Tr rust (14) NGS BANK SURANCE. Columbia (6h) Real Estate (6 MISCELLANEQ Col. Medical Bids, Corp (5 Dist. Natl. Sec. pfd Bromo-Selz. Stge. pid Linotype (160} & Inv, pid. (8 Peoples Drug Stores pid ) Real Estate M. & G pid. (6) Becurity Storage (51) Ter. Ref & Wr Corp. (3 The_Carpel Corp. (2)....... W Mech Mtge. com. (8 Wash Med. Bidg. Corp. (7 Woodward & Lothrop com. | Woodward & Lothrop pid. (7 227% extra. 3212% extra. 37, extra. dividend ks closed. Group Makes Gains| BONDS ON NEW YO STOCK R EXCHANG Received by Private Wire Direct to The Star Office. UNITED STATES. (Sales are in $1.000.) Mg Low. Close. 101 101 43(833-38 10226 102 933 148 1946-49 s M 41-43. 9728 99 101 10426 104 High 17% 70 Bales. Abitibi P&P 63’53, 19 Ab& St534s 43 1 Adams Exp 43’48 A'leghany Cp 63 Alleghany 55’49, .. Alleghany 68 '50. .. 11 Allis-Chalm 6s '37, Am Metal 538 "34. Am Sm&Ref 5347, Am Sug Ref 63°37. Am T&T 414839, . Am T&T c tr s’ Am T&T deb b Am T&T deb Am T&T 5%3'4 Am Wat Wks 6s Am Wr Pap 65’47, Antloquina Ts '45. . Arzentine 5%9'62. 2 Argent 6s’ 61 May. 19 Argentine 6s ‘59 Ju 23 Argentin Argentine 63 A ‘57 Argentine 63 B ‘58 Arm & Co 4%s5'39 Arm Del 6% 43.. Atchis 45 1905 Atchison gn 48 ‘95, Atchison 4% AtI C L 1st 45°52.. Atl Gulf&W1 58’69, Atl Ref db 5837 Aostralia 4% 556 Australia bs '55. Australia 5s '57. Austrian 7s 43 Austrian 7s 57, B&O1stds'4s, 3 17 .21 s 8T Batav Pet 4348 '42 Belgium 6s '66 Belgium 6% s '49 Belgium 78 ‘55, . Belgium 7s ‘66 Tel Pa b Bell Tell Pa Benef Loan Berlin Cy EI 6155, UnCityE16 % 8’51 erlinCityEIl6 1 8’59 Beth Stl pm 65°36.. Bolivia 7s 58 Bolivia 78 '69. Bordeaux 6s ‘34. Bos & Me 53 '55. Bos & Me 55 '67. Brazil 8s Bremon 7s°'35. Bklyn Ed 58 A '¢ Bklyn Man 65 A Bklyn UnGas5s" Bklyn Un Gas 6! Budapest 6s ‘62, . Buff Gen El 4%s'81 BR & Pitts 4% '57 Bush Ter con 68'55, Bush T Bidg 5s'60 Calif Packing 55°40 Canada 45°60..... Canada 4%s Canada 58 '62. Can Nat Ry 4% 551 Can Nat Ry 4%s'66 Can Nat Ry 414s'57 Can Nat Ry 4% #'65 5 Can Nat 55 Can Nor db 6%s Can Nor deb 75 "40. Can Pac db 4 Can Pac 4%s '60 Can Pac 5s '54. Cent ]l E&G § Cent Pac 1st 48 '43. t Pac 55 ‘60 Ches Corp 68 "4 C&Ogen 4%48°92 C&otusaes. ©h & Oh con 6s ‘39 &Qends’'ss.. & Q4%s"TT 1 & Est 111 55’51 Chi Grt West 4’ Chi M&StP 4348 E. C M StP&P b3 ‘75 CM&St Padjbs.. Chi&NW 43%s C'37 Chi RI&P rf 48 '34. ChiR1&P 4%s'52 ChiR14%s60. ... C& W Ind 5% %62, Chile 6361 Jan. Chile 63 °63...... Chile Cop db s *47. Chi Mtg Bk 6 sB'73. Clev Ter 5135 A "72 Colomb 6s ‘61 Jan Colomb 65 "61 Oc Conms C Md Con G NY Con G NY Consum Pow 6s '52 Con Pwr Con Pow Cuba No Czecho 8551 Denmark 4% Denmark 5%s ‘65 Denmark 65 '42 Dodge Bros 6s 40 Duquesne 4145 ‘67, DEI5%s'53 Dutch East | Dutch Eas Erie gen Rrie ref is 67 Erie ref 53°75 Finland 5%s ‘58 Finland 6335 56 Fla E Crast 5574 Fram Ind T%s'42. French Gov 7s '4 French Go 714s "41. Gel n 6'34. Gen Cable 5%s '47. Gen Motors 65 '37.. ' 49, Ger Cen Bk 63 Ger Cen Bk 2 Ger Gen Elec 6548 Gov 5%s '65...29 man 6%s '50 German Rep 78 GoondHopeS&l T Goodrich 6s 43 Goodrich 6's Goodvr Rub 58’57 Grand Trunk 6s ‘3¢ Grand Trunk 75'40. Grt Nor 433s D '76. Grt Nor 4%s E Grt Nor 58 C Grt Nor 5%s B '52. Grt Nor gn ‘36, Greek 65 Hatt1 8552 o Hud & M ad) 5 '57. Hud & M rf 68 '57.. Humble Ofl 68 °37.. Humble O 534832, Hungary 7% "44.. 111 Bell Tell bs '56. L1 Cent 4% 66, .. 111 Cent ref 56.. 111 Steel db 435 40, Inland St 4345 A'78 Inland St 4%4s B'81 Int Rap Tr rf 5s Int Rap Tr Int Rap Tr 63 Int Cement 584 Int &Gt N 68 B 5l 1016 18 101 22 i8 102 24 2 16 a7 99 18 102 19 10424 Low. Close. 16% 70 50% 10% 84 5% 934 1005 53 100% 2114 16 UtilPwbs’'sd ww., 24 | Int Match bs741. Sales. High 3ig 20% 1% 3y 314 1134 18% 19% 174 20 86 57 45 Int & G Nad 68752, int Hydro El 6s 44 Int Match 58°47. Int Pap ref 65 A'47. Int Pap 68 ‘55 Int T &T 63 Italy 7s '51. Italy Pub 7s ‘62 Japanese 538 '65. . Japanese 6343 '54. . Kan C FIS&EM 4338 Karstadt 6s 43 Kend 5145 48 w Kresge Found 6" Lack Stl fs A Laclede 51 C Lautaro Nit 6s'54. 3 Leh Valcn 4s 2003. Lig & Myers 58 '51. Lig & Myers 7s "44. Loew's 65 41 Long Is] rf 4549 Lorillard s '5 Lorillard 7s 44 La & Ark 55 '69 McKes & R5% Manhat Ry cn 4500 Market St 7s A "40. rseille 65 '34. Midvale Stl 55" Milan 6%s'52. M1l E Ry & L 5s'6 Mil El Ry&Lt 53 ” MStP&SSMcen 45" MStPSSM bs gtd MK & T Ist 45 '50. MK&T4sB MK & Tadi5s'c MK & Tex 5s A '62 Mo Pac gn 4s Mo PacrfisA’'é Mo Pac s F Mo Pac 55 G ' Mo Pac 5s I '80. Mo Pac 1553 Mo Pac 5%s Mont Pow b3 '41. Mont Pwr 6s A "6 Mor&Co 1st 415529 Nat Dairy 53, s'48.. 5 Nat Steel 55 '56 N Eng T 1st 5s NOT&M5sB Nw S Wales Nw S Wales N Y Cent 45 '42 N'Y Cent 45’58 YCrefdlzs? NYCrf4%s2013n N Y Cref 632013 N Y Cent db 6s NYC&SL 4% NYC&StLS NYC&SL 1st 6532 N'Y Edison 6s B'44 NYEdrf6is'41. NY EL H&P 4549, NY ELH&P 55°48.. NY NH&H 4145 ‘67 NY NH&H clt 65'40 NYNH&H 6s 48 NY O&W gn ¢s' NY O&W rf 4 NY Tel en 4%s'39 Nia $h Md 5%8'50. Nord 815 '60 . Norf Sou ref s “61. Nor & Wn cn 4s 96, North Am Co 5s 61 Nor Am Ed 55 A 57 Nor Am Ed 55 C'69. N Ger Lloyd 68 '47. NorOT & L 6s'47. Nor Pac gn 38 2047 Nor Pac 43°'97..... Nor Pac 55 D 2047.., Nor Pacr 1682047, Nor St Pw §s A "41. Norway 55 '63. Norway 5% '65. Norway 654 Norway 65 '44. Norway 6s'52... Oreg-Wash 4s"81., Orient Dev 65 '53... = 9 - " R R T L T T P L PR EE PR AR T Paramount 6s'47. . Param-Pub 5 %8 §0. Paris-Ly M 6s'58., Paris-Ly M 7s '58.. Paris-Or 5%s ‘68 Pathe Exch 7s '3 Penn sta 4s'48 Penn 4% s D " Penncn 4% Penn 4%s D7 Penn 4% =63 Penn 5364 Penn gen §s ‘63 Penn 634536 . Penn P&L 4%s ‘81, Peop Gas ref bs'47. Pere Marq 4% ‘80, Pare M 1st 58°56... Peru 63 '60. Peru 6s°61 Peru 7s'59 Phila Co 65 67 Phila Elee 4s'T1... Phila & Read 63 43 Philippine R 4537, PCC&St L 58 B '75. Poland ‘40 Poland 7s 47 Poland 85 5 Port Gn El 47 Pos Tel & C b Prague Tl4s " Prussia 6s "52 . Prussia 6345 51... Public Serv 4s PubSv G 4% PubSvG4lss Pure Ol 53 Pure 01l 5% Queensiand 7s "41.. Rem R 5% sA4Tww Rhinelbe U 7546 . Rhine Ruhr 68 '63., Rhine West 63 '52. Rhine West 6s '53. Rhine W 63 '55 ww Rhine West 75 '50. . R Gr Do Sul 65 '68. RIAr& L 4} Rome 615 » 00O G it 13 19 D 1 e e Y 1 01 2 1S L&SF4%s'78.365 L&SF 53 B'50.. 19 o Pau 7s "40 o Paulo &s Shell Un O1 58°47. Shell Un O5s'49ww Shinyetsu 6145 52, Sinc Of] 655 B’ 38. Sinc Ofl T8 A '37.... SneCr05%s'38.. Skelly O1) 55539 Solssons 65 ‘36 Solvay Am 68" »u Bell T&T 6! Sou Pac col 4s°49.. Sou Pac ref 43°55.. Sou Pac 4%5 68 100% 33 | Sou P 43569 ww. Sou Pac 4%s'81. Scu Ry gn 4s '56 | Sou Ry bs '94 Sou Ry 68 ‘58 Swiss 5%s'46. Tenn EI P 63 A ‘47 Tex Corp cv 63 '44. 2 Tex & Pac 58 B"T7. Third Av ad) 58 "60 Teb P.NJ 6%s 2032 Toho El Pw 15 '56... Tokio 55 52 - Tokio 5% '6 “ Tokio El Lt 63 '53. . Un E!PSLref 5833, Un Pac 1st4s'47,, 1 Un Pacrf & Un 4% 6. t/n P 1st rf 5s 201 Unit Drug o8 '53... 22 Utd King f%s '37..295 WV 65 16 STAR. WASHINGTON, D. C. THURSDAY, JUNE 30, CORPORATION REPORTS TRENDS AND PROSPECTS OF LEADING ORGANIZATIONS. NEW YORK, June 30.—The follow- | ing is today’s summary of important corporation news, prepared by Stand- ard Statisties Co., Inc, New York, for the Associated Press: Automobiles and Trucks. Automobile production in the United States and Canada during May totaled 193,370 units, compared with 155,136 in April and 329,901 in May, 1931, ac- | cording . to reports to Department of Commerce. Electrical Equipment and Radio. Westinghouse Electric & Manufac- turing, passed quarterly dividend on | common stock; paid 25 cents on April 30 and cents in each of the two preceding quarters Food Products. ‘Wrigley (William), Jr., Co., declared four monthly dividends of cents each, payable August 1, September 1, October 1 and November 1; formerly | paid 50 cents on September 1. Household Products. Altorfer Bros., omitted quarterly di dend on $3 preferred stock; paid cents, February 1 Leather and Shoes. Endicott Johnson Corporation deficit, £ix months ended June 4, 1932, $4,580 vs. net income of $1,333,753 in six months ended July 3, 1931. Machinery. Curtis Manufacturing deficit, year ended May 31, 1932, $48,225 vs. net in- come, $329,356. { Metals (Non-Ferrous). American Smelting & Refining cuts price of lead 5 points to 2.95 cents a | pound. Bunker Hill & Sullivan Mining & Concentrating Co.—Profit before depre- ciation and depletion in five months ended May 31 was $107,560, compared with $475,869 in 1931 period. MclIntyre Porcupine Mines, Ltd.— President states annual dividend rate will be increased to $1.50 per share from $1, with possibility of bonus at the end of fiscal year. Railroad and Railroad Equipment. Norfolk Southern R, R—May net op- erating deficit, $68,958 vs. net operating income, $3,864: five months net operat- ing deficit, $271,104 vs. net operating income, $42,911. Retail Trade. Lut Bros. deferred action on quar- terly dividend on cumulative preferred stock; paid $1.50 April 1. Shipping and Building. Atlantic, Gulf & West Indies Steam- ship Lines Aoril deficit $176,027 vs. net profit $454; four months, net loss $68,- 942 vs. net profit $410,847. Theaters, Ete. Loew's Inc.-Metro-Goldwyn-Mayer to produce 48 feature films in 1932-33 sea- son. Paramount - Publix Corporation had deficit of $2450.911 in three months ended April 2, 1932, after providing a $3,556,283 reserve for depreciation vs. net income of $3.515,652 in quarter ended March 31, 1931, Utilities. American Water Works & Electric gross revenues, 12 months ended May 31, off ‘9.5 per cent; surplus after charges off 11.7 per cent. Consumers Power gross revenues, 12 months ended May 31, off 6.1 per cent; net after taxes off 2.3 per cent. Eastern Utilities Associates gross revenues, 12 months ended May 31, off 15 per cent; net after taxes off 3.9 per cent. Eastern Utilities Investing Corpora- tion declared a quarterly dividend of 1.25/100th of a share of $7 cumulative preferred on prior preferred stock, on which $1.25 cash was paid April 1. Minnesota Northern Power 1931 net income before depreciation, minority interest, depletion, etc., $907,777 vs. 59,672. S'l(,)flmo Edison gross revenues, 12 months ended May 31, off 10.2 per cent; net after taxes off 10.1 per cent. GLOBE FLYERS SET FOR START TODAY Thick Weather Delays James Mat- tern and Griffen, but Break Re- ported Over Harbor Grace. By the Assoclated Press. NEW YORK, June 30.—Thick weather over Harbor Grace, Newfoundland, was all that stood in the way last night of the start of a proposed round-the- world flight by James Mattern and Bennett Griffen. s Dr. James H. Kimball, meteorologist, said the weather was clearing over Harbor Grace, the flyers' first scheduled refuelling point, however, and that they might be able to take off today. The nameless monoplane in which the aviators hope to better the globe circling record of Wiley Post and Harold Gatty, had received iis final tuning-up and was ready to go. Dump valves have been installed on the gasoline tanks, and in event the plane is forced down on water, the emptied tanks would keep it afloat. A hacksaw has been placed in the forward cockpit so the engine may be cut away and thus further lighten the craft. Fish lines, mosquito netting, water bags and maps valued by the fiyers at $5,000 are some of the other items of equipment. MUNICH PLANS TO OPEN FESTIVALS JULY 18 Wagner and Mozart Music Fetes ‘Will Continue in Bavaria Until August 21. MUNICH (NANA)—The Wagner and Mozart festivals this Summer be- gin on July 18 and go on until August 2. In all there will 'be 30 perfor- mances. Mme. Maria Olszewska of Chicago, Mme. Elizabeth Schumann, Vienna, and Herr Kurt Taucher, Dres- den, are among the guest singers. Sir Thomas Beecham will conduct 1t performances in the Residenz The r. He also will con- duct a lestival concert of the Bavarian State Orchestra at the Odeon Hall, at which symphonic works of Haydn, De- lius and Richard Strauss will be given “The “Meistersinger” and al lthe ring operas of Wagner will be performed at the Prinzregent Theater as well as “Tannhauser,” “Tristan” and “Parsi- fal” Other conductors will include Paul Schmitz, Richard Strauss, Hans Pfitzner, Karl Elmendorffl and Hans Knappertsbusch. | sales in Sales. 1 4 Low. Close, 8 18 Util Pow 5% '47.. Vanadium St 5s'41. 3315 46% 96% 46% 96% Vienna 6s 52. 7 Va Ry & Pw bn'34.. 10 1 Walworth 6s A 13 Warner Sug T Warren Bro Warsaw 7s ‘6! t El db 58 West Md 45 A West Union b West Un 615 '3 Westphalia 6s ‘53 WEO5%s 37 ww, Wil & Co Ist 6341, Wis CentTm 43 '36. 1 Yokohama 1... 3 Ygstn SAT G A'78. 7 Ygstn S&T S B'70, 19 1 7 3 1 2 2 2 6 7 2 & 2 6 2 Markets at a Glance NEW YORK, June 30 (#).—Stocks heavy; specialties lead decline. Bonds irregular; United States Governments rally. Curb heavy; utilities sag. Foreign exchanges steady; Swiss franc gains. Cotton higher; unfavorable weather; higher cables. Sugar higher; trade buying. Coffee lower; easier spot market. CHICAGO, June 30 () —Wheat steady; heavy rains Oklahoma: steady foreign markets. Corn easy; scattered July liquidation; unsettled cash market. Cattle steady to firm. Hogs higher. BONDS ON THE CURB DOMESTIC BONDS. . High thousands. Ala R 41as "4 Mill 55 '48 Pow 55 '56 2 Asso G 2 Assoeiat Ray 13 Asso o8 10 As Tel Ut 5 5 84 1Buft Gen EL 5s A 56 2Can Nat RE s E 13505 18 Cent Ili P8 4':5 F '§7 8t 1Cent Pw & Li 55 '88 49'4 12Cent Pub Ser 5':s '49 1 13 Cent State Elec, 53 '48 2 Cent St Elec 5'as ‘54 1Cent St P&I, 535 '53 i A ery ¥ 1Cleve Ter Bldg 6 13 Comwh Ed 4138 C 'S 3 Pl 1 15 Florida P & L 55 '34. 18 Gatineau Pow 5s '56 3 Gatineau Pw 6s B '41 42 1Gen Bronze 6s '40 .. 2 2Gen Mot Acc 5s 133 1Gen Mot Acc 55 1Gen Pub Serv 5s 2Gen Wat Wk 65 B 4 Georgia Power 5s |67 5 Gillette § Rag 55 '40 5 Guardian Inv 5s '48. 2 2Gulf Oll Pa 5s * 1 Houst Iij Pow & Li ndnap 18 Insull 7Int Pw 8 New Eng G&E 55 8 New Eng G&E 55 '4 12 New Eng G&E 55 000 113 Lo s AR 3 s 15008 “ oct & Gam 4las 47 B CERERT bulte RE 65 '35 ripps Slas 43 z ' WAP 4'3 aw W&P 4las D aw W&P 58 ider Pack 6 2EELORLDRDLN = H e T FOREIGN BONDS. 3Buen Air Prov 7s '52 2. 3 Cent Bk Ger 65 A 21 Cent Bk Co 6s '61 18 Ger Cons Mun 8s 8 Ger Cons Mun Ts " 20 Gesgueral 65 4 Ham ES&U 5! yd El 41tal Sup Pw 65 1 Medellin_col 75 v—With warrants Without warrants, CHICAGO STOCK MARKET CHICAGO. June 30 (&) .—Fcllowing is the complete official list of transac- tions on the Chicago Stock Exchange today: Sales STOCKS. 200 Cent & So West 20 Gent_& So West 50 Chi Yell Cab Fitz Si 200 Grigsby-Grunow 150 Tl Brick ... 1050 Insull Utif : 100 Insull U pf 2nd Se: 50 Jeflerson Elec Sawta 5 SRS S FERTRESTE 25830. S2BHR FSGEE | Received by Private Wire Stock and Bale— Dividend Rate. Add. 0. High Alabam Pw pf (6). 10s Aluminum of Amer 100s Alumn Goods(60c) . AlumnLtd cu pf(3) Am Beverage Am Cit PEL A (a3) Am Cities P& L B. Am Comwith Pw A. Am Cyanamid B.... Am Gas & El (11).. Am Lt & Tr (2%3).. Am Mfg pf (5). Am Salamandra. Am Superpower. Am Sup’pwr 1st pf. Low. Clese 43 22% 8% 25 5% 19% % 16% 13% 4% 3 Ind Ltd k10c. s & Electric G&EAbI%. Atlas Utiiities. .. .. Atlas Util pf A (3). Atlas Util war..... Benef Ind Loan 1% Bliss Co (EW).... Blue Ridge cv pf a3 Brazil TL&P (b8%) Brit Celanese rets. . Bunker Hill & Sul. . 2255 Bunker HilI&S v.t.c 100s Cakle Radio Tv.t.c. “able & Wire,A rcts ble & Wire,B rets Centrifug Pipe §0c. Chesebrough (16%4) Cities Service. Cities Service pf... Clev El Illu pf (6) 98% Cleve Tractor..... ‘ ColG&E cv pf (5 49 Col O1] & Gas vtc. . 1% Comwth Edison (8) 52% Comwlth & Sou war % Cord Corp. 24 Creole Petroleum. . 2% Deere & C: ™ Detroit Aircraft. Draper Corp (2). Durant Motors Educational Pic pf. 50s F) Bd & Share 16% . 59 Elec BA& Shpt (5) 3 SRR 84 114 16% 8 16 16 —e R FA S e 5 L] 5 Empire G & F Empire Pwr part. . Europ El Ltd A 30¢ Ford M Ltd Fox Theaters [} - General Aviation. . Gn E Lt ret p36 3-5¢ Glen Alden Coal Goldfield Consol . Gold Seal Electr} Goldman Sachs.... Grief Br Coop A 1.6( Groc Strs Prd vtc. . GuifOllof Fa.... Hart Schaf & M (4) 10: Hazeltine Corp. 5 Mudson Bay Min. . 20 34 % " | n FINANCIAL. N. Y. CURB MARKET Direct fo The Star Office. Btock and Sale— Dividend Rate. Add 0. High. Low. Mumble Oil (2) 3% | Hygrade Food. | InsCoN Am (2)... | meoB. ... Interstate Equities | Interstate Eq cv pf. | Ttallan Superpw A. * | Long Island Lt 60c. | Merch & Min T 234 | Mountain Prod 80c. | Nat Elec Pwr (A).+ Natl Fuel G w Mex & A Lind, ew Process (1).. Y Steam (2.60)..,, | Ntag Hud Pwr(n).. | Niag Sh North Sta Pw A (8) Oilstocks, Ltd, Pantepec Ofl. ... Penroad Corp...... Penn W & Pw (3).. Phil Morris Inc. ... Phoenix Secur Corp | Pliot Radio Tube A | Pitney Bowes b4 % | Pratt&Lambert(1). Pure 01l pf (6) Radio Prod. . | Rainbow Lum A | Rainbow Lum B. | Repubiic Gas. . St Anthony Gold... | St Reg: aper. | Sait Creek Prod (1) Secur Allted (1)..., | Select Indus (new) | SeiIndall cfs(5%). | Singer Mfg Co (8). 30, South Penn 01l (1), | Stand Oi1 Ind (1).. | Stand Of} of Ky 1.20 | Stand Oil Neb (1).. | Stutz Motor Car. Swift & Co (1). | Technicolor....... | Tech Hughes (€0c) Texon Oil & Ld (1). | United Founders United Gas........ United Gas pf (7).. Unit Lt&Pwr (A).. Unit Lt & Pwr pf. US Elec Pwr ww. . Unit Verde Ext 40c UtilP&Le.... Util Pwr&Lt B Utility Equities Vick Finane (30c)., Walker (Hiram)... Walker (H) pt (1).. Wenden Copper. w s Wool Ltd Dividend ra based quarterty * or"'Samianiual " payiment " ‘B | divid fPartly extra. iPlus n cash or stoc Adjustment dividens §Plus 6% in stocl i Plus 2% in m Plus 3% 1o © Pald last year—no regul 2y ck. e in- stock. in stock. n stock stock. BUYING IN STOCK MARKET ANALYZED Listed as Present Pur- chasers of Shares. Special Dispatch to The Star. NEW YORK, June 30.—“Who s buying stocks these days?” This query, put to a vice president of one of the biggest national banks here, who is in charge of the securities department of that institution, brought the following reply: “Most share buyers today might be grouped into four classes. The most important group, from the point of volume, is the corporation. Many firms continue to acquire their own common and preferred shares on & scale down. These concerns thus are using their surplus, which some day may be taxed. “Corporation officials form the sec- ond greatest group of security buy- ers. They know whether or not their companies are making money, earning reports and balance sheets notwith- standing. loyes of corporations form the third largest buying group. Many com] jes have threatened to dismiss or off workers, only to be surprised by the workmen appearing as important shareholders. In some cases these workmen have withdrawn funds from savings banks to buy into their concerns at what they considered ‘bargain levels' These employes pro- test their discharges or layoffs as being inimical to their interests and officers have to give heed to blocks of stock representing one-third to one-half of the total voting power of the concern. “The fourth group, and at present the least important, is made up of wealthy investors with plenty of cash who believe security values have been deflated. It is out of this group that the 1936 millionaires will emerge.” (Copyright, 1932.) MONEY MARKET. NEW YORK, June 30 (#).—On the eve of the July 1 settlements the money markets displayed greater firmness in outside call funds, which were quoted at 1'; per cent, as compared with 1 per cent yesterday. The quotation for Federal funds was also firmer at Yj per_cent. ‘The Stock Exchange rate for call money continued unchanged at 214 per cent and time money market condi- tions were unchanged. Certain dealers in bankers' acceptances were reported to have reduced bid and asked rates by % per cent. Capital Reduction Approved. NEW YORK, June 30 (#).—Stock- holders of the United States Leather Co. have approved a reduction in cap- ital to $20,253,652 through retirement of 33,178 shares of 7 per cent prior pre- ferred stock held in treasury. BALTIMORE STOCKS. Special Dispatch to ‘The Star. BALTIMORE, June 30— ales. STOCKS. 115 Arundel Corporation 33 Consolidated Gas com . . 44% 105 Consolidated Gas 6 pfd D 103'a 10 Emerson Bromo-Seltzer A com. 4 40 Manufacturers Fin Co 2d pfd.. 637 New Amsterdam Cas Co. . 14 Unit oPrto Rican Sugar pfd.. BONDS. $8,000 United Rwy & Elec 1st 4s. Last sales. I cim 6% 13 Market Averages 2 is EE R e st Eofy Today Previous day Week Four Classes of Investors| Butter—One-pound prints, 93 score, 20; 92 score, 19; standards, 18. Tub, 93 score, 19; 92 score, 18; standards, 17. Eggs — Hennery, 15al6; current re- ceipts, 13al4. Poultry, alive—Turkey hens, 12; toms, 10; crooked breasts, 10; Spring broil- ers, Plymouth Rocks, 2'; pounds and over, 18a20; 25 pounds and under, 16a 18; Rhode Island Reds, 15a17; mixed colors, 14al6; Leghorns, 14al6; hens, colored, 13a15; Leghorns, 12; roosters, Poultry, dressed—Turkeys, hens, 1 toms, 13; crooked breasts, 13; Spring broilers. Plymouth Rocks, 22 pounds and over, 21a23; 2}2 pounds and under, 19a21; Rhode Island Reds, 18a20; mixed colors, 17a19; horns, 15; ducks, 14a15; hens, colored, 16al8. Meats—Beef, 12a13; veal, 11; lamb, Spring, 17; Fall, 13; pork loins, I |fresh hams, 13%4; smoked hams, 16; | strip bacon, 16; lard, 7; compound, 6:. Live stock—Hcgs, light, 4.25a4.6( heavy, 3.75a4.3( 00; roughs, 1.00a1.50; calves, :00; lambs, 4.00a5.50. Fruits—Watermelons, Georgia, 28-30 pound average, 35a50; cantaloupes, | Jumbos, 3.50a2.75; standards, 3.00a3.25; oranges, 3.75a4.25; lemons, 6.00; honey- dews, 200a2.50; honeyballs, 2.00a4.0f grapefruit, 4.00a4.25; limes, per 100, .25; plums, 1.50a1.75; cherries, 1.75a2.50; blackberries, 2.00a2.50; rasp- berries, red, 20; black, 12!5; huckle. berries, 3.50a5.00; peaches, 3.00; pine- apples, 2.5023.00. Vegetables—Potatoes, new, per barrel, 250; old, 100-pound sacks, 1.00a1.25; sweets, per bushel, 50a70; tomatoes, kets, 1.50a1.75; string beans, 50a75; limas, 1.00a2.00; squash, 50a75; cucum- bers, bushel baskets, 50a75; eggplant, 1.50a2.00; lettuce, Iceberg, i celery, ‘gus, 1.00a2.00; beets, per 100 bunches, | carrots, per 100 bunches, 3.00a 4.00; cabbage, 50a75; 2.00; peas, 2.25; corn |OPERA WITHOUT SOUND | FORMS SINGERS’ STRIKE Management Pays Back Salaries After Cast Goes Through First Act in Pantomime. BELGRADE (N.AN.A.).—A new note in strikes is the “stay-in" strike, re- cently adopted by the singers and chorus of the State Theater of Bel- grade. These artists indeed appeared upon the stage duly, their mouths opening and closing as though in vocal action, but no sound at all came forth. The reason for the strike was that their. salaries were in arrears and their union had advised them to produce no more melodious lays until the last ones had been paid for, Patrons who make a habit of listen- ing to singing with their eyes closed just waited for the performance to start—until it was an unconscionable time a-starting, and then they began to perceive that something was amiss. ‘The management paid up after the first act, being in profound disagree- ment with Keats' decision that “heard peppers, 1.75a 50a1.50. are sweeter.” COLLATERAL-LOANS OFF AS STOCKS DECLINE By the Associated Press. NEW YORK, June 30.—The steady deflation in stocks has been marked by very substantial contraction in the l&u‘in of eolmen} loans outstanding. C loans of reporting member b-nhcil the Federal Reserve stood at $4.778,000,000 on June 22, this compar- ing with $5,777,000,000 on December 30, an indicated shrinkage of about $1,000,000,000, or 18 per cent. Of this CHICAGO DAIRY MARKET. Leg. Long Island 2.00a2.50; bananas, 1.25a2.00; figs, 75a: melodies are sweet, but those unheard | A—15 CURB STOCKS DROP INDRAGGY MARKET Public Utilities Are Featured, With Some Issues Going Higher. F¥P BY JOHN A. CRONE. Special Dispatch to The Star. NEW YORK, June 30.—Stocks drift- ed lower on the Curb Exchange today in dull trading. Public utilities made the best show- ing, despite the week’s drop in elec~ tricity production. Electric Bond & Share and Citles Service both eased. Standard Oil of Indiana was more active than usual but moved within & fractionai range. Niagara-Hudson Power new likewise was steady. The reduction in lead prices was forecast late Wednesday by the decline in Eagle Pitcher Lead. Aluminum, Ltd., preferred rose a_half point. United Verde Extension Mining firmed. Gold * | and silver shares | Guif Ofl of Pennsylvania opened up nearly a point. Standard Oil of Ken- tucky turned active in the third hour around 9. Standard Oil of Nebraska opened up fractionally, but South Penn Oil eased. In the specialties Singer Manufactur- ing opened up slightly only to react in early afternoon. Glen Alden Coal rose a half point. A drop of 30 per cent in dollar volume, 15 per cent in tonnage, and a reduction of 25 per cent in ex- penses, as reported today by Philip Carey Manufacturing Co., was not im- | mediately reflected in the stock. A series of bids and offers for Met- ropolitan Edison 6 per cent preferred, quoted at 36 bid, 49% offered, was an interesting midday feature, as the stock closed yesterday at 37%, or up 2lg points. Fecord Air Traffic reported in May had no immediate market effect on the air shares. Draper Corporation at 19 was down a point. New York Steam Corporation declined 21, points to 2815, Cord Corporation, the only active motor share, moved within a fractional range. As expected, Illinois Northern Utilities declared the regular quarterly preferred dividends. Grain Market By the Associated Press. CHICAGO, June 30.—Wheat drib- bled back and forth in a fractional area as the trade awaited the appear- ance of the five private crop forecasts which should be available tomorrow. These calculations wil set forth the indicated condition and yield on S wheat. The last Government re on June 9 made the average condie tion of Spring wheat 845 per cent, but contained no figures on indicated yield. The forthcoming Government report, however, will cite the estimated yield, which private forecast early this month calculated all the way from 240,000,000 to $280,000,000 bushels. Wheat closed 3 off to 33 up compared with yesterday’s fin- ; corn, Yg-%2 down; Oats, un- changed to !z higher and provisions unchanged to a rise of 20 cents. W] — 3 July. new tember. = old. Septe: | December . TS— July ... September Decembsr .. Septembe Decen.ber . New York Cottofi Special Dispatch to The Star. NEW YORK, June 30.—Cotton prices jumped 6 to 7 points at the opening of the market today. Trading was active, with & sharp demand from shorts in all positions and a fair export inquiry. July opened at 5.45, up 6. October, 5.62, up 6; December, 5.76, up 6; Jan- uary, 5.85, up 7; March, 6.00, up 6, and Mav, 6.14, up 7. With a continuation of rainfall in sections where dry weather is said to be badly needed, priced advanced to highest levels of the month today and at midday the list was about 8 points over yesterday's closing quotations. July touched 546 in early trading compared with 5.39, Wednesday’s close, the near month making less improve- ment owing to the fact that July ad- vanced more than later months in yes- terday's upturn. The market absorbed considerable cotton, despite the recovery of over half a cent from recent low levels, and contracts sold by professional interests inclined to work for at least a ;Eg!tnporlry set back failed to weaken the A sharp advance in Liverpool in sym- pathy with the drive on this side im- parted strength to early trading though there Mttle in the action of the Stock market to encourage buying oper- ations. PR R PARIS BOURSE PRICES. PARIS, June 30 (#).—Three cent rentes, 73 francs 45 centimes. Five per cent loan, 98 francs 80 centimes. Exchange on London, 91 francs 73 | centimes. The dollar was quoted at |25 francs 46 centimes. | Bank of France Statement. PARIS, June 20 (#)—The weekly statement of the Bank of France shows the following changés in francs: Gold increased 456,000,000, sight balances abroad decreased 257,000,000, bills dis- counted at home increased 679,000,000, bought abroad decreased 243,000,000, | bills bought abroad decreased 243,000, 000, advances decreased 32,000,000, cir culation decreased 341,000,000, current accounts increased 651,000,000. , E. Jarvall o 721 10th St. N.W. NAtional 0765 0ld_ Line Companies WYNDHAM R. WILLS Insurance and Aonuity Bisker 21 YEARS EXPERIENCE ler MEt, 2719 ), June 30 (#).—Butter, 1 tubs; firm; creamery (’.1 score), 16%4a163;; )extnll Brakes 1716 14th St. NW. North 1583-4