Evening Star Newspaper, July 5, 1932, Page 15

FINANCIAL. THE EVEXING STAR. WASHINGTON, D. C., TUESDAY. JULY 5. 1932. : FinsNLlAL #xx A—15 BOND PRICES GAIN | [BONDS on w. v. stock exchance INDUSTRIAL TRADE |z || N. Y. CURB MARKET | CURB STOCKS SAG Received by Private Wire Direct to The Star Office. ' S Received by Private Wire Direct to The Star Office. VR P IR thousands, e v 5 Aluminum Co 55 'S | Wrgics 6 6 PRUSPEGIS NU]‘ED § Aer 8l Bow Diisend 7 g Sividece R rdw lN AG]’IVE TRADING UNIIE'?, Sy $1.000.) Int Rap Tr 6s " i . 1 Amer El Pow 6s A ‘57 Dividend llnxmua oo : llu”A.ll .1' Hin) 7 12Amer G & E 55 2028 Aluminum of Xmer 508 2 = 10111 1078 1018, i:.‘fi:‘";?l:,’. A8 3 63 SO S Pomae T Alumn Goods($0e). 2 &7 8% | Lone Star G (béde) 2 3% 3 10124 10120 10128 | Int& Gt N5s B 56, 3 Amer Rad e ¢ i Am Beveraze. 2 5% | Long ILtem pt B 625s 45 4% - y 526 102 23 102 “ 3% 3 | i 17 Amer Roil Mill 55 48 AmCitiesPALB. 1 * | Mare T MpST1-10c. 2 4% - )| i German Group Benefited by, 1230 10231 038 | Int HyareE eures 15 E0u 2 |Statistics Company Analyzes 1Ame: Sl AnCamthwA. . 1 B «: Declines Follow Weakness in | 194649, 9410 94 948 | Int Match s 'el... P . 3 1 Abpaiac Gas 6 B '45. Am Cyanamid B... 18 | MoKansPipeL... 1 o e . Hope of Settlement Siue 3§10 982 986 | Int Matchss a7 4| Outlook in Various Lines 5 Abpaiacy ow 8 '56. 1| AmGura Bl 1) 27 18% | Montiua pasepct aos szu son sza) Utilities Issues—aOils sty oR 9 7 30 3 3 a ans . o m Laun Mc! . . Mountain Prod $0c¢ 2 3% 3 3 | 1S3%sJ40-43.. 9526 9820 9820 | IntPaprefssA4l. 6 f = 35 Asso Elec Ind as ‘83 AmLt&Tr(2%).. 1 3 % | N i at Lausanne. agsadr.... a8 o8 ey, lstrwpdsis.. 1 4 1 of Business. A G R e R | NauPwaLior6) 1000 44 44 + Fairly Steady. e iRe. - 10220 10216 10217 | Int Tel&T 434839 5 & B S oyt ¢ e s R i | New Process (50c). 2 R T y 7-52 056 |I PN "38 in_cf B & E . 1 > o 4%847:52.... 1069 10430 1056 Sl g T 1450 G & B 5038 71 Asso Gas & E war.. 19 5; ;,“:i’;“gfi';:'!‘" i . | Special Dispatch t ¢ BY F. H. RICHARDSON. i IntT&T6s56.... 7 19 19 | s20 2 Sales High LOw. Close. | [righ Free St 5560, 5 | NEW YORK, July 5—Current indi-| §Associat Ravon 88 30 AUAETIGhNS. ... 31 & 4 ia Hud Po B ws n. Dispatch to The St £ Abtibi P&PEs 83, 8 17 16K 1T | jia1y 7051, § 8 |cations of the trend in various di 3As Tel Util 8125 '44 C Atlas Utih war. ... ... b | Niles-Bem-P (60c) . NEW YORK. July 5.—Bonds were | adams Exp 4s'48. 504 B g7, | Ttaly Pub Ts52.... 6 {sions of industry and trade are sum- A N s 2 Benef Ind Loan 1% ) ipissing strong today. with every section of the | A'leghany Cp 53 44 e s 5 marized by the Standard Statistics Co. S Bell Tel Can 56 C " Blue Ridge 5 % | Ollstocks, Ltd list sharing the improvement. Trading | Alleghany §s'50 .. 1 3 b of New York, from its first of July| 3 Birm'ham Gas s ' . | Blus Ridge cv pt'a3 1008 | R s s ‘was in heavy volume. Am Beet Sug 6s '35 apanese 6138 '54. . | resume of the outicok for important 5 Boston Con G 5t 9 Brazil TL&P(b8%) 2 v B “The market opened higher, led by the | Am F P 55 2030. 9 16 16 | KanC Fis&n 4s 3¢ lines, as follows | Gatolne P &L Brit-A T r(kb3%e) . 14 | PBCGAEI 1stpf 1% German group. Actual developments | Am I G Ch5%s 4 66 | Kan C P&L 4%s 61 50 1 | Advertising—Aggregate magazine ad- 5 Caterpillar_Tr 5s '35 | Buft N&E 1st pf(5) 71 | Pan Am Airways. . at Lausapne were not - calculated to | Am Intl5%s 49, .. 6 Kan City < 5l 45 vertising to July 1 was 265 per cent ent Ariz L&P 55 Buft N&E pt (1.60) 17 | Paramount Motors bring any help to the investment mar- ' Am Metal 5%s'34. 3 3 | Kan City Ter 4560, #0% | below the similar period of 1931. News- b 0 1 9 aAmer P & L 65 2016, BY JOHN A. CRONE. Special Dispatch to The Star NEW YORK, July 5—Public utili~ ties were the weakest feature of de- clining quotations and dull trading in the forenoon session of the Curb Exchange today | The leading utility issue, Electric Bond & Share, was off only frac- fonally, but Commonwealth Edison opened down 3 points, as did National Power & Light preferred. Citles Serv- ice around 2 was off i, but American Gas & Electric was off nearly a point. Niagara-Hudson Power new, after opening higher, erased its early ad- vance The three-day holiday brought about A neither an accumulation of orders nor | particularly favorable domestic or in- ternational developments of market import. The Democratic nomination o - | afforded short sellers an gpportunity to 2 |sell public utilities, alded by the action | of the Wisconsin' Utility Commission 321, | in ordering a reduction of telephone rates in that State. There also was :" | the certainty, in view of the triple holi- 16m | day, that Wednesday's weekly report % | on_electricity consumption would show # | o larger decrease than the preceding 6% | week 3 1t was pointed out on the other hand 1% | by some holders of utilities that Goy. % | Roosevelt in his three-year governorship % |of New York had done nothing to hurt utilities of that State and that arbitrary 2 | rate reductions could be offset by charg- C g ¢ Gent I P8 415 ¥ Bunker Hill & Sul. . 25 14 1614 | Penroad Corp...... ket, but observers agree that now that | Am SmaRef bs '47. ¥ Karstadt 6s 43.... 20 | paper lineage is off about 20 per cent Gen : g 1% Burma, Ltd rets 4c. 2 Y| Beme ":-:,"_‘r' ey a fairly complete presentation of the | Am Suz Ref 63°37. Kend 53 s 48 ww 3 3 : Agricultural machinery—With grain s 313 | Cable &WireArcts 3 3 Ploneer Gold (13 divergent views of the powers h Am T&T 4%5°39. . 9 99 | Kresge Found 6 K prices at new low levels, demand for 2 Cent St PAL 5138 '53 2 204, | Cable& Wire pf rets | - ) been made, the possibility of an am: | Am T&T c tr 1 0 Kreug & Toll 5s'69. farm equipment remains. severely re- Dis El 4% 5 5 Campe Corp....... & 1 | Radio Prod.. ¥e ble and final settlement are greatly en- | Am T&T deb b: 73 9 Lack St1 ks A '50.. 7 stricted and collections are poor. B L - Canadian Marconi. 6 s 5 | Ryan Consolidated. hanced. & |Am T&T deb b3 . 9 Laclede 543 C'53. % Aircraft—Manufacturing is at a low b les Service 3s 3 31, | Cent States Elec... 2 & | St Regis Paper.... Before New York opened, European |Am T&T 5%s’43.. Lautaro Nit 63 '54. 12 3 3 |level. The transportation division is it Berv Gas 51zs ‘42 39% 3 | cuias pe. s alt Creek Prod (1) markets had become buoyant, with C Am Wat Wks 6e'34 7 9% | Lk Vel en ta 2008, 3 31% | still expanding, but profits are unsatis- LA TR 3% | Citles Serv! 2% 215 | Secur Allfed (1)... man obligations 5 to 6 points higher in { Am Wat Wks 6575 2 : EAE & Mrersta's1, factory 10 . Cities Sery %y 137 | Select Indus (new) London and Paris. This was reflected | Am Wr Pap 65'47.. 2 e el 0 69y Automobiles—Production in the first I Col Oil & Gas 5 | Select Ind pr(5%)n here in price rises of 2 to 3 points in | Argentine 5% s ‘62, 5" | Lorillard 5s 51. 9 ! six months of the year was 45 per cent S 28 C 2 | Comwth Edison (8) 52 wn Wat&Pyw (1) Germans. Later the advance extended | Argent 65' 61 May. 39 38 39 K b6 1 under the 1931 period. Full 1932 out- Com i P % | Comwith & Sou was 3 | Sheaffer P(WA) (1) until Young Plan 5l5s were more than | Argentine 6a 59 Ju 17 40 * 40 | ouG&ESs A2, 16 95 put is now estimated ot 1,600,000 units, ¢ Gomnity P&t 'se 87 40 Cons Gas Balt3.60. 2 431 434 431 | Shenandoah Corp.. 4 points higher on the day. Dawes ep- | Argentine 6 ‘59 Oc 3% C&Nuni4n40... 8 7 or 35 per cent under 1931, 1€ Bar' 55 ¥ ‘a3 19 Cora Corp. 2u | Sou Cal Ed pf B1% arations 7s, gaining a similar amount, | Argentine 65 A '57. s L&NSsB2003.... 2 Automobile parts—The showing of| 3 Con Gas Util 65 A '43 20% Courtaulds p22 4% | Southern Corp were at a new high on the recovery.|Argentine6sB's8. 1 3 Mok h R = @ sy | Individual concerns will be influenced| 3 Consum Pow 4iss | Creole Petroleum.. § 2 2% | Southland Roy 20c. Improvements ranging from 2 to 5(Arm&Codl%s'3y 58 62 ARt e to some extent by the volume of Ford Continen o Bves 32" | Crown Cork Intl A. Stand Ofl Ind (1).. x;'xms occurred in Deutsche Bncnk ufisi ! im;[De‘l B;gn-sfis . S4u Marker 81 75 A 40, 11 business allotted them, as Ford's re- ¢ Cogds S, 4 | Cuneo Press pf 6%. Stand Ofl of Ky 1.20 rlin City Electric 6s, German Central | Atchis 4s 55.. 7 b et T i 4 quirements for the second half year rooible Steel_Sa ) Darby Petroleum. . Stand Pub Srv A, .. Bank 6s, Prussia 6s, Saxon Public | Atchison gn 4s'95. 21 2 ""“.“',“' il k are likely to be increased over the first ot C Gas 6 AT 4T 2 ; Swift&Co (1).. Works 6135 and 7s and others. Atchison 43 43. . MR AL b six months. D GG 8'ss A '37 ww 55 Derby Ol & Refin. . 1% | Swiss Am El pf (6) Other European dollar obligations | Atl C L cl 45 '52. . . > s Automobile tires—Price cutting and Duguesne Gas 6s 45 0 reraft. Technicolor e d, spite of the fact | Atl Gulf&WI 58’69 MSP&SSM 514578 1 ast Ut Inv 55 A 'S4 Detroit Afre W !‘Y‘:sant :li;er]:fl;;t?nkx‘zr. ‘(’»’xrhnngc{ v fois vy e - S| MK &T 18t 45°90. imited sales volume preclude satisfac- 45Elec P & L 5= A 2030 Dow Chemical (2). 23 | Tech Hughe ) R o g o 0 BN BN N0 DN 9 » SHEEE IR RO, a9 tory earnings by most producers. 4 Empire Dist El 5s '52 S b 1% | Tob 114 tks. . weak in terms of the dollar. Great |Australia 4366 MEaaaE Bifing. Riatiatie Bent peovill TEmpire O&R S 42 ] vl Sk Solgpne. e Britain 51:5 moved higher because of | Australia & e 145 78 ing low Jevels is about the best that| 1t peuounks ser fs 2 Eastn Sts Pwr (B). [l g initial success of the British treas-; Australi; 3 0 Pac gn 4s ‘75 can be expect : the rest of the 1 Pirestone C M ¢ '48 12 'Kl Bd& Share 6% . 63 E 5% | the in gt pected during the 1 Ustaact e ury’s $7,500,000,000 refunding operation. | Austrian Mo Boac os G year. § Elsk Rubber siza''3l 25 ' 3 25 ¢ | Elec B &S pf (6).. 915 19% nada.. Italy 7s, Rumania and Beigian 6s | Austrian7s Mo et 1’5(. ! Chemicals—Price structures in most| 26 pasigis 374 31 £od 2 Elec P & L op war. WK | nihed o v were 2 points higher. B &0 1st cees Mo Pac 538 A 49, divisions of the trade still display more | 34 Gatineau Pow 55 '56. & : | Fairchila Aviation. B Australian _descriptions had sharp g g 0 ¢14s'33. Mont Pow 6s 43 firmness than those in the majority| ] &atineau Bow ss ‘4l : | Ford Motor CanA. 2 6% 6% 6% | pried GRS LSt gains, Australian govermment 55 ran|p g 0 41s 60 E Mor&Co 15t ¢ 5539 . ot other industries. n Pub_Sery 5y '53 88 Ford Motor France. 3% | Uit Lthwl; A . Up about 5 points. Brisbane 55 Were 3| p'g o 15t 5 "48. ... Coal—Anthracite is experiencing an| 9 Georgla Power 5* ‘61 Ford M Lud. Sl 3% | U'S Foll Co B(30c) . 2y points higher and other Antipodean |y g0 ref5s'95.... 3 3 3 Nassau Elec 4s 51, § unusually dull Summer season. Out- § QIacte S T s 10 9 | Garlock Packing. . 4% | Unit Verde Ext 40c 2% | ing for telephone installation and tele- dollar loans were similarly at new high | g o ref 5 D 2000. : Nat Dairy 5% 848 5% 1 put of bituminous was off 22 per cent| 10 Guif G ba o 41" General Alloys. - |vtmparLe : 1t | phane Geectorics. prices on the recovery. Extension of g g Oref¢sC'9.. 18 3 23 Nat Steei 63 '66.... 6 during the first half of the year. 2 Gulf St Util 55 A 56 61 " | Georgia Pw pt (6). 25 2 i %| Brazillan Light & Traction rose al- commonwealth loans to the Australian|p g o Sw dv 58'50.. 5 A Electrical equipment—Material im- 1 Hood Rubber 5125 '38 3 eIl Nedks: .. Vick Financ (30¢).. 3% | most & point and New England Power states and the aid secured in London | p g O Toledo 45’69 3714 | Nw 8 Wales 68 '67. rovement in sales and profits is un-| 18 Hous LEPCiite 'S 81 ST T Walgreen Co...... | preferred was up more than a point. by the Canberra government -contrib-| Batav Pet ¢3s "42. 76 | Nw & Wales 5s '58. ;. fikely diring the meat eix soeitha. SHous L & P 56 A '83 Ly A Wenden Copper. * | American Superpower was more active uted to the strength. , Belgium 6s '56. 87 | NYC3%s'97. 2 Food products—Earnings of makers| jHyérade Fd es A 47 255 Holling Gold 110c,. 1 st Cart pf (§ 42 42 | than usual, though virtually unchanged. Japanese government and municipal | Bergium 6345 49 P 9315 9315 | N Y Cent 4s 42, of package foods, dairy products, chew= 811l Pow & Lt 53 C 5 £ | Mumblo Of1 (2). .. West Mass Co 2.40. 100s 19 19 19 | Federal Light & Traction, a gnajority of descriptions, as well as the utility 10ans | gelgium 78 '65. 9 9 99% | N Y Cent 4s'98. ... ing gum and specialty bakery products 1 Illinols P & L 5¥as Hydro El Secu k100 sy | WilllamsRC (70e) 1 5% 5% 51| Whose commen stock is controlled by guaranteed by the Japanese gOVeIN- | Beigium 7s’s 99% | N Y Crf 4%m 201 will be only moderately lower than in § Indnap FiaL &s A 57 > 2 . % | Wool Ltd k25 1-5c.. 2 9% 9y 91, | Citles Service Light & Power, in turn ment, were 2 to 5 points higher. This | el Tel Pa 6a B'48. 9 1017 10015 | N Y C ref 68 2013.. 373 | 1931 20 Int Pow Foe & B 49 B g7" | Iw Olliot Card S0e. 7 | X" o1l & Gas g 3 | controlied by Cities Service Co., reported reflected a sensational advance of 10| el Tell Pa 58 C'60 101 | N Y Centdb6s'3s. & Leather—The steady recession in 2 Inter Pw Sec 15 E '57 Imp Oil Can rg 50c. 8% X % % % | earnings for the 12 months ended May points in London. The inauguration of | geriin Cy EI 6s '65. 9% 24 |NYC&StL 4%s'78. hide prices will necessitate large in- 6 Intern Sec Am 5s '47 Ind Pipe Line ki35c. 3 Dividend rates dollars based on Iast | 31 of $2.28 a common share against & strong control on yen exchange, to- | BerlinCityE16% 8’51 20 45 4113 45 | NYCAStLE%sAT4 ventory losse: Bl fame 3 B R E g e Dt Gividend, Tharsiy emee iPia tr i stors: | $217 In the preceding 12 months. ether with the reported improvement | geriinCityEl6 % s'69 15| NYC&StL 1st 6532 3 3 Machinery—While orders appear to| 2Interst P 8 4iss 58 F 53! Mt BB . | _ Tech Hughes responded to the better- & Japanese trade, helped these issues. | poin il pm shu f; *| N ¥ Edison 65 B'44 be at least llnmporanl,\' s(abmzll;\%. there §lowacNeb L&P 58 37 Kirby Petrole>m P i Adiermens dividena” ¢ o’ 5% | Mment in earnings and the extra dividend South American. issues improved mod-| peth St r 65 42 74 | NY Eare 63541, is no assurance that there will be any| 5o G Nat 55 *k 3 ., | Knott Corp.. : in'siock” "wPlug 9% in'stock b 1% | declaration. United Light & Power A, Ta y. | Boliv cesees 2 N’ L, ‘49, TOV/ 1 Ken s 5 in stock. lus in stock. [van , des] average earn e Thc) domestic list was_quieter and | ;-lglnla 77.'5:9 . 3 ,s" 3 :}_::: 5‘:'4‘!9, “"»‘}e‘blfifi'x’.ii’ifi‘ii-‘d'}fu"}ir"ffil (x;rénualrv 3 Kenrucky ot b i ¢ 62 y,lfi..s!;:ri‘\’{(,»* 5 in stock. D,Phu l;lnnml- .;.fl“' ‘°?Z |97 cents a fl‘:nre for t‘he elz mgmu gains were not as large. United States | pordeaux 6s '34. 104% | NY NH&H et 65'40 as a whole were relatively well main- $ Eimberly Olabn A sl X stock. b Paid isst year—no resular rate. |ended May 31, against $1.63 a share in Government_long-term issues advanced | Bos & Me 5567, ... 25 5 52 | NYNH&H 65 48 3 tained at a level only about 20 per cent 1 Kobber” GG S1an b et the same period a year ago. Textile 1, to % point, with the best improve-| Bras) 613 '26- 16% | NY O& W rf 45'92. below that of 1931. 1Kresge 5 '45 ..... . shares lagged, in spite of the announce- srent in the low coupon Treasury issues. | Brasil 6 1 -27." 17| NY Telgn 4%s°29 Metal containers—The strictly long-| i Femen P 8 6x'%0i . 3 ment of shut-downs by Pepperell Mani- High-grade public utility bonds were | Brazil 7s C R 52, % 13% | NY WaB 4345745 range prospects of leading can manu-| 1 Libby MeN & L 1 43 Sl Grain Mark facturing beginning July 18, and Amos- fractionally better, especially American | Brazil 8541 7 Nord 6%s '50 facturers remain promising. 7 Long Island Lt 65 '45 i ram ar et teag manufacturing cotton and mechan- Telephone 5s, Consolidated Gas 5148, | Breman 7s'35. 3784 3 96 Office_equipment—Little, if any, im-| '3 Meitcbelpos 50y s ical divisions from July 22 to August New England Telephone first 5s, South- | Bkiyn Ed 55 A *49.. 1% | North Am Co 5s 61 provement in sales volumes is expected | 12 Massaghu Gas 5e '35 ’ 15_inclusive. western Bell Telephone 5s, and Utah | Bkiyn ifan 6s A '68 748 | Nor Am Ed 58 A ‘57 in the second half of the year. © Mass Gas 5%s '46.... Sewniat Diups uh £ The St By the Associated Press. The Curb Exchange today suspended, Power & Light 55. Budapest 65 '62. ... 241 | Nor Am Ed 55 C'69. Paper—Profits_declined close to 90| 3 Muf,Uulit S5 A 49 NEW YORK, July 5—Cotton prices| CHICAGO, July 5.—Radical curtail- | until further notice, trading in Fox Railroad bonds were bid up briskly in | Buff Gen El 4 4881 3" 96 | N Ger Lioyd ¢s'47. per cent in the first half of the year. 2Milw G & E 432 67 were 4 to 7 points higher at the open- | ment of the volume of wheat dealings | Theaters class A stock because of the some cases. The Frisco reorganization | B R & Pitts 4138 '57 3 30 |NorOT&L6s'4t. Petroleum—Current evidence points| 2 Miss Pow & Lt 5 ‘57 ing of the market today in active trad- | to the scantiest total witnessed in | COmPany's failure to maintain a trans- plan 18 believed to be the forerunner of | Bush T Bidg 58'60. 43 | Nor Pac gn 3x 2047 to further gradual improvement in the $ Moot L AP Ss A 31 88 ,|ing. Forelgn demand was good and|months went hand in hand today with | fer office in Mauhattan. plans to take care of other railr 5 iyt gy | Nor Pacdacor. ... 11 Nar 3 general oil situation during the remain- 4 National Bood "ss 4k there was a fair volume of speculative | jower prices. g ralhel fculties. Nickel Plate 6s, which mature | Cxads 42.80:0 Nor Pac 435 2047. this year, were marked up about 2 7RGt TARS - 94% | Nor Pac 58 D 2047.. Qer of 1932, 12Nat P & L 58 B 2030 3 | covering. The open interest [win . Railroad ~equipment—A cumulative | 34NAtE'S 85 7.0 July started at 583, up 5; October, | constantly stnve ‘e Immeadicy ook BALTIMORE STOCKS: points. . Baltimore & Ohio 55 gained | cal®CR °p B2usene Nor Pacr1 6s 2047, backlog of demand is in the making,| 7 New Bne aiE o 3 5.96, up 4; December, 6.10, up 5; JANU- | per cent increased taxes on futuce de., | SPecial Dispateh to The Star about 2 points. There were advances in t Ry Nor St Pw 53 A "41. but this probably will not become ef- 5 New Eng G&E 5s 4 4 |ary, 6.20. up 6; March, 6.36, up 7, and | livery transactions, was shown today| BALTIMORE, July 5.— Canadian Pacific debenture 4s, Norfolk e b Norway 5%s 65 fectual within the ensuing six months. | 23 New Eng Pow 5s '48. 3 May, 6.50, up 6. % 2 & Western first 4s, Northern Pacific 6s, | Can ' - - 54 8 New Eng Pw §ias ' ¢ % by official figures to be down to 101,- | Sales. Stocks. ey b | Can Nat Ry 4357 Ores-Wash 4s°61... Pennsylvania 5s of '64; Southern Paci-| can Nat i% s DTS AN s bt b, Retail trade—Chain stores are mak- L 4ias As rains continued over a large area | oo, 342 Arundel Corporatien ... 5 ing the best showing, but results in only | 4 Niag Pails Pow 8 % | of the cotton belt thus continuing the | teruc mevetatons s s B ot ArcElS: £y eeshone Bl fic 4155 and Unlon Pacific first 45. | Can Nat me s ¥s o t 5569 July Orfent Dev 6s'53. .. 2C. & a few exceptional instances will ap-| $Nor Ind P 86 C unfavorable weather conditions prevail- | 3,000,000 bushels decrease in the United | 113 Satbinas Casoeiy oo * PARIS BOURSE PRICES. Pac GRE5s 42..... PARIS, July 5 (P).—Three per cent | Can Nor 4348 Pac T&T 1st 6837, proach those of last year. 1o Ba re diss s ing duiing the greater part of last|States wheat vistble supply total falled | 11 New Amsterdsm as. Co, - Tentes, 77 francs 35 centimes; 5 per Nor db 6% s '4 Pac T&T rf 58 '53.., cent loen, 99 francs 95 centimes: ex- | Can Nor deb 13 540" EREARMONG SCEN - Sugar—Although prices recently 11 Nor State Po 4'2s '61 80% week, prices opened in new high terri- 43 Pa. Water & Powe: scored a sharp advance they are still| 4 Ohio Edison_ 8s*'60.. tory when July touched 584 or 93 w.v:ntl; 321&;?“3:‘?.3‘.‘.‘;"%?&; the sea. L oRLe vt e o i change on_London, 90 francs 30 |Can Pacdb 4s : | Param-Pub 5% 50. centimes. The dollar was quoted &t 25 | Can Pac 4348 46, ., - Paris-Ly M 6558 10hio Pow 85 B 5 francs 471 centimes. Can Pac 414860, Paris-Ly M 7s ' » S0k aRes veSenuawlosvata ® b s well below those of a year ago. 16 Pacific. &, 4 points above low levels reached last D o BONDS, ‘Theaters—Attendance is now experi-| 3 Bsc K & £ 4i3°F 30 53¢ 38 month. Selling _before noon eased | am wor any ryecOrer 404 50 UKEWISE | go00 vnited Rwy. & Eiec. 1zt 4s encing the full effects of reduced public 1Pac G & EI B 6s '41102% 4 prices 10 points or more, but the tone h /e, E 16 Pacific G&E 55 G 99 Wheat closed nervous, %;a¥% under purchasing power ~with —consequent| '3eicifc b a3 shi it e i {his side, Liv. | FFid8Y's finish; corn ials “down, vats osses to producers and exhibitors. 'ac_Wes Oil 8%as '43 5413 uring the holiday on , Live v, ¥ A Tobacco—Demand for cigarettes was| ~3E& Cen P&L 4ias 77 &3 erpool prices advanced sharply about | st 1a (8 s cenih Laoncud Provisions % Can Pag 53°4¢ otty. Penn sta és :n o;! about 15 per cent in the first half 7Pa Ohip PAL 8128 -5 55 " 20 English points and af the opening| WHEAT - High. Low. Close. | In Ggaraaty Fires Moert- ; : Cent Pac 15t 45 49 . Penncn 4%s'60. of the year. Cigar consumption is off 4Bhila Elec 810572 . 1014 this morning foreign quotations showed | July (old o 83, lected Investments In eminations Receivership Named. et s s Penn gn 4148 °65. .. 20 per cent. 1 R TR th a gain of more than 12 points above | Juy, (mew) Y o denom| NORFOLK, Va., July 5 (%) —Judge | Cen Ry NJ g 65 ‘87, 3 Fenn {2 D Utllities—Little improvement in reve- | 13%"5"ng e % | Saturday’s closing figures. P R USRRE ae 8 cfi’fi”fi.(’?fl“ PAYMEN Luther B. Way of the United States|Cert-tddb5i4s"48. iy ::6: . e cmelorctcr c uti \‘t .- l:e looked e 180 60 80 October contracts here sold within 2 | Desember e gage an District Court has appointed Henry W.| Ches Corp 6s°47... 3 7 sy e i) sl G under & 4 points of the 6-cent figure in early | ; {°F ‘Anderson of Richmond, Gordon An-|C&O 4%sB ‘95 b e :,,._," ?plitivulvfl !\:abckme_re :snntu remain 4 trading, compared with 5.15 the recent | September chindoss of New York and Charles A.|Ch & Oh con bs ‘1. 108 | Pean PAL, ¢%s 61 b e 03 gl Wb or e B bk A low record. A-week ago, October sold | December McCulloch of Chicago receivers.for the|CB & Q gn 4s ‘58 I e i g e at 5.40 and the rise of nearly $3 in a National Public Service Corporation of | CB & Qrf6s 71, .. 81% | Pera 6360 Virginia. CB&Q 111 dv 45'43.. 85% | Peru §3 ‘61, The receivers were named on the|Chi& Est Il 58'61, 8 | Phila Co 686 application of the Electric Appliance | Chi Grt West 4s'59. 324 | Phila Eiee 48 71 Finance Corporation of New York for|Chi M & StP 4145 C 583 | Phila & Read 6563 the purpose of preventing persons hav- | Chi M&StP 43%s 5 58% | potand €3 *40 17 July . ing claims against the Virginia concern | C M StP&P §s '75. . from filing legal action or from execut- | C M & St Padj6s.. 3 3% S :" G g 9 - - 3% | Poland 85 50 : “"NIR" IEI) BI ”, s. ing judgments that might have been|Chi&NW 434sC’'37 18 2 39 I' and Tnv Ss '37 xw 55 |at 4,155,000 net tons, an increase of | crude oil prices at 10 representative | o " Port Gn Bl 4% obtained. Chi & NW 4% 8 '49. : fhiss. ChI&NW rf 5o 2037 - lg‘a Por R Am T 65 '42. _— B - fe ¥ 107,000 tons over the previous week. |fields, as computed by the Oil, Paint | — e 9 &CBs'53. S ; d Drug Reporter, last week reached | i |ChiRI&P gn 45’88, 1 59 | Prussia $a752 ) Government Now Owns Majority| 4 Switr co 50 wi " A I h g ] . 8 “eees 311 s 4 . 82 1 a barrel Washington Stock Exchange| S miae tasss 2 | Promsa da i S B e ot 0 FOREIGN EXCHANGE. |Mucn s, 03l The ‘erge s Sear | oo on Hand to Loan on " Public Serv 4: o 1es in ederal 60 b * 2 SALES. ChiRT4%s 60 1 11% | pub 8v G 4% 4 q ; R o s $81% | (Quotations furnished by w. . Hivbe & oo | 860 V28 68.20 cents & barrel. First Deed of Trust National Mtge. & Inv. pfd.—$100 at 3, | 8K in 68 Institutions. 2 Ulen & Co 65 44 1 5 ominal gol ng checks sprras $100 at 3. Chi Un Sta 434 "63. 2 g |Queensland gs'47.. 1§ Ynlop it 8s 807 London, pound ... 128%™ |U. S. TREASURY CERTIFICATES 0 Interest Sonarna-Ran-wdanan rest of the year. Telegraph and cable ; week attracted quite general profit-tak- | Supterber 4 grlr;:? will remain small or non-ex- 4 s B i ing from any directions. ¥ gg-y:n:b_n' S ¢ A ANNUITIES . g e July - g . PROFITABLE—SAFE ::;Etgn.“)’l R H Soft Coal Produgtion. g 4 : AL FORMS—ALL AGES LAND BANK STOCK Saley it T 7% | By the Associted ree SESIL T e Siepnes g i Soft coal production in the United Crude Oil Prices. Insurance and Ammuity Biker : £ 4§ |States during the week ended I nd G4E ov g the week ended June 25 And Gas & B 0 08 33" |is estimated by the Bureau of Mines| NEW YORK, July § (P.—Average |l Chandler Bidg — MEs 2719 e, @50200 PP Chi Un Sta 6148'63. % Queensiand 7s ‘41.. 12 —_— i 28 | 2 ¥ Washington Gas 6s “A"—$500 at 98%, 1Unit P & L 615 '74 36 8 " | Puris, frane .o0... 342 Reportad b7 /CMee" T Batney & O6). $500 at 98% e Ay, anl xn €10 A 191 . The Federal Government now owns Y5553 i+ Beriin, mark - Rate—Maturit C& W Ind 5%5°62., 51 Rem R 5% sA'4Tww & Rome, lira §ihs Au. 1. esa 2 10055 Bid and Asked Prices. Chile 6860, ........ Rhinelbe U7s'46 . 43 341 30y 34 | the major F“L “fk”‘(‘ i i) Bublic Sery' os 48 o 38 3 fZurioh franc1l 1 Bevt. 18" 19331001 Reasonable Commission and hile 68’61 Jan.... 5 Rhine Ruhr 6s . Y 4 25% | Federal land banks, according to fig- A ry 5s B | 8 7 ens, drachma. Dt. 1 33,7, 32 Prompt Replies to BONDS. Chile Cop db bs *41. 3 West Pena 35 2030° il}’ Dec. 13 1033 ‘Anplications B Rhine West 65 °52.. 27 43 ures released here by the Federal Farm 5 West_Penn Ss 203 0 PUBLIC UTILITIES. Chile Mtg Bk 6s 61 Rhine We: 2 o) 13 Wes Tex Ut 5s A '57 Budapest, pengo. Feb. o Aed | CINUnTriar ke 2630 o8 oSl Rae W Loan Board. At the close of 1931 these it Bonie Briiie crown iom 5 | R - P JAMB F SHEA Amer_Tel. & Tel 4% v 100 00 | COCESE L 43 BT Rhine West 7550, 5 banks had practically repaid the Gov-| ,p... FOREGY BONDS . b | — s 387 Mar 13 10830 By . e A S . ‘" | ClevTer 6% A 72 Rich Ofl Cal 63 '44. ernment subscription to stock of ap- 2 Buen Air Prov 7s 28% O, cewn: Srovm. - ilcs June 15, 1983.000%0 00 643 Indiana A N.W. AnacosHs & 5. o Cologne 6%5 '50. .. Rio de Jan 6348 '53. 5 proximately $9,000,000, made when the 2 Buen Alr Pr 7i4s 47 28 3 | Stockholm, erown 3 - ndiana Ave. N.W. SRR ek of V. % v::+s | Colomb 6861 Jan, . RGrDoSul§3'68.. 3 1 banks were originally established, for it | 13 Gent BE Cous gl 401, 1 N U i Qptal Traation R Colomb 6s 61 Oct.. RIAT&L4%s'34. 1 28 3 3 | held only $204,698 and this was limited | 26 Com Pr Bk 5'as Seorseiown Gas 1st 55011111 ii|Colon ol 6s’ss.... 3 3 Rome 6%48752...... 7 to stock in two banks. In January,| 7Danzlc Port 8iis '52 Sotomac Hlec Cons. 54 Colo & Sou 435 *35 ) Rumania Ts'63.... f + [this vear, Congress appropriated $12 3 Buron. e 74 O 81 8 Potomac_Eleciric 6s 1053 3 Col G&E 55’52 May 000,000 to be used by the United States| 14 Farmers' Na M s '63 25 : *| Col Gas&E? 5861 R o (a3 Treasury to invest in the stock of the| 7Pinld R M Bk 6s '8 34% v . o St LASF 4s A" . 1 3 Y r 85 Ger Cons Mun 6s Con G NY 414851, t -, ) 12_Federal land banks. §8 Ger Qous aun S | Con G NY 5% 8 '45. BELA KT iisTt. In February, $63,243,740 of stock in § B oo, n, s c abe 8t P Un Dep 55 °72. the 12 banks was subscribed by the| 10 Ham ES&U 5':s O i ;:‘: '_,::_‘,,"’., . 3 Sao Pau T840, .. .. d Secretary of the Treasury from the ap- 1 Hamburg Blec 7s Consum Pow ¥ : Saxon P W 6344’51, 31% 32 |propriation made for this purpose. This| 3 Hanover Fro ks Copenhag 4148 5 Saxon 78'45....... 37 8 was followed in April by another sub- 1Tsotta Pras 7s 42 w Serbs-Cr-S1 75 °¢ 3 scription amounting to $11,000,000. 2 Hial Bup Pw s A l63 26! o ¥ NO. 81 of & Series of Reasons why—when Cuba RR 1st§ Serba-Cr-S] 3562 3 3 : The last subscription, aggregating $50,- R R s e 4 ¥ selecting @ bank—the Columbia National Cuba Nor 5% s 42, » % | Bhell Un Ofl 68747, 16 55 5 756,260 and made at the end of June,| 1 Medellin Col s 51 , f Merits YOUR Constderation. Shell Un OSs'4Sww 33 54% | prought the Government's investment| 4 Mendoza Pr Tiys '5i Del&Hud . ' Shinyetsu 8155 52, 36 4| up to approximately 65 per cent of the 2 Nippon EI P 6'3s '53 Del & Hud . 2 5 |8inoOfl %8 B'18. "1 80 total stock outstanding. Although this Rl & Coroton A " DATIES LR, SimcOll T8 A'37... 19 85% stock is owned by the Government, it 21 Denmark 5% e 8ine Cr O 6%s'38., 15 % 1 has no voting privileges. It changes| 14 Russ 6%s cif N .G B % Denmark 6s 42 SincPL5s'42. ... § the ratio of capital to bonds outstand-| 43 SeabrEin WE o5 33 D& R Gren 4s'36. : 37 | Skelly Of1 634723 2 ing from 1 to 18 (as of December 31,| 12 Stinnes 75 '38 xw 3 y DarGWE 4 Solvay Amtaez. 75 1931) to 1 to 6, thus greatly improving | 10 Stinnes 7s ‘46 xw.. VA‘ A l ION RG W bs Sou Bel N f the banks and the bond- it T Dl SN s S O R 4| the position of the 1United Ei Ser 7 ! v e holders as well as making funds avail-| 17 Unit Indust 6%s it i Juiteconl ot 2 - 5 |able to loan to farmers on long-term | W¥—With warrants Deutsche Bk 68 '32. Sou Pacref 4s'i5.. 2 amortized, first farm mortgages. Xw_Without warrants y P S gu:n;n:ao’l':;sl’.r 9 :-.-‘; v':-‘c,:r_;;s:'.. 3 3 4 BT L it . nvites disaster to your valu- DEI5%s'53 Nov.. Sou Pac 4%s 31 ¢ 3 3 E SBOB:I'IERM SECURITIES. R T ables . . . Protect them in a Dutch East 1 6547 e Sou PAOF 438 A : k (Reported by cnas. D. Bamey & co) | CHICAGO STOCK MARKET SAFE DEPOSIT box at Col- Dutch East 1 6s'62. Scu Ry gn 4s'56... 15 3 Bid. Offer. 71 Sou Ry gen 63 '36.. ? liis-Chalmers Co_5s 19 ~ie 4 . Sou Ry §%s'56.... 1 1 9| Ameriean Chain Co'ss 193 o a4 CHICAGO, July 5 (%) —Following 18 umbia National Bank . . ! > Sou Ry M&O 4s'38. American Tel & 7ol Son | the complete official list of transactions i nd 548 ‘58, ... 3 StONNJbs'4s. .. 1 Balto & Ohio 4'2s 1933 3 342 | in stocks on the Chicago Stock Ex- Year after year, vacationists suffer Finland 6s°45.... 8 StOINY4%s'51. 7 Belding Hemingway Co 6s 1936, o change today: irreparable loss through failure to : : v g nacih oy TaidD . 99 118 b f A A % 3T | O ek Tatand 4 1034 4 1 *“'30'Abbot_Lab. 45 O'rge C YRAKE 3. grevis BoSetevione theylleavs hehind sheent ; - : | French Go 7348 41 M B SaA Y., ClevTora & Whing R R 8 1933 100 Atneworth Previgent SUCH CHANCE e, Logai & Truss (3 ¢ i - Ter AsSt L 9 90 | Goio & Southern Rwy 4'zs 1935 72i 1 100 Assoc Tel Util o THIS YEAR. For as little as $3.50, Gelsenk'hen 68'34.. 35 Tex Corp ev 6s "44 Commercial Credit Co 5%zs 1935 5 150 Bendix Av..... you can rent a private Safe Deposit . box here at the Columbia National, . 4 ; L Gradson € 35 1938 § 100 Brmes u Gen Motors 63 '37... Tex&PEs DY 3 Delaware & Hudson G6,2% 1938 3 380 Rore-waraer wher: our pos: from all harm. Den & Rio Gnde R R 4128 a starter toward a successful vacation. v 634839 . " Teb P.NJ 3432032 5% 85 85 | Gen Motors Accep Corp 8 1937 300 Brise (10 Cas 634849, Toho EI Pw s 55 3 |Gen Petroleum Corp 55 1940, 150 Butler Bros Gen Th Eq 65 40. .. 2 | Tokio %5 '§1 General Public Service 5'2s 1939 80 50 Cent’ Til Pub Ser bi Ger Cent B 6 ey . Grand Trunk of Can 6s 1936, .. 92 50 Cent & So West aae at Tokio W1 Lt ¢ '53 Houst East & West Tex 53 1933 . 800 Cities Serv. Ger Cen Bk 6s '60 J Keystone Telephone Co 5s 1935 350 Com'with ~ Edis. Ger Cen Bk 63°60 0 95 UE&P StL 1st 5<'32 1 Laclede Gas Light Co 5s 1934 150 Cont Chi ... Ger Cen Bk 78 '50 Un RIPSL ref w33, 1 Louisville & Nash R R 5s 1937 8 300 Cont Chi pf. .0l Ger Ce .. i ek N'Y Central & H R R 45 1934 300 Cord Corp .. Ger Gen Elec 6 3 UE&P 18t 5% 3 A4 3 N ¥ Chi & St_Louis 6s 1932.. 2 150 Gt Lakes Dredge Ger Gov 53 Un Pac 1st . B Northwestern Tele 4ius 1934 750 Insull _UUI ..... 2 . 3 $361es 1036 : 100 Katz Drug German 6% ‘60 HIn Yho 1t S8 2 P R Cenera Elec 8o id3 100 Keliogy Switch Reraien 2e - S| DBt Drug s ¥1..... e &'stect. 53 1940, 47 1000 La Salle Ext - GoodHlopeS&l T 3 Utd King 63537, 5 B e ol Co 3t 1938 0 S0 Manh Dearbori Goodrich és 45 361 | U S Rubber 63°47 Southern Pacific 55 193 - 4100 Mrshall” Fieid Goodrich 6%8 '47.. Un St W 6%s AT, 4 82" Lagis Tron Nt & So R R rest. Uil Goodyr Rub 6#'57. . UASt WekaAsl. 32 3 un e et & Pwr b5, 198 V. Grand Trunk Ud St W6ek%sC'51. Un Oif Co of Calif 85 1338, Grand Trunk 7s'40. Uruguay oy Ve Rateay'ss Poy 55 1834 0 . Grt Nor 4%s E'71. Uruguay 6s e Anston Monotype (6 % Grt Nor gn 78 '36.. 7| Utah P& L 6344 Mer. Tr. & Stge. com = . Util Pw 53 ‘59 ww. Mer. Tr & Sige. pld v | Hasu 6852 o et R R SRSt Mergenthaler Linotype (160)... Hud & M ad) . West Md 4s A ‘52.. Natl Mtge. & Inv. pfd. (8) 3 | mud & M rf 5857 Vanadium St §3'41 E 9. %8, 81.. . West Pac 6 e :t:;z !i.'r::‘%"fi':’a" ¥, s , | Humble O 5% '33. 100 Vert Sug st T a2 ‘ west Un sol tr 58538 1 e (5§) v 'w e, 51, fi‘)}er. 7 Wh. Corp. '3)..,.......0 111 Bell Tell 58 1014 Va Ry Ist5s A ‘62, :l'::: g:’l“ ot R B R 7 111 Cent ¢l tr 48 '53. 52 W ; com. (#) 3 estphalia . Wash. Med. Bldg. Corp. { 11 Cent 4% . 22 ) Wh &L E con "49. . Weodward 4 Lothrop com. (130 111 CCStL&N 4% 28% v $sD'to.. WEOG5%s'ST ww., throp oid. (7 111 COSTL&N 63 A. 24% 24% | Wabash 538 5. 1 Wil & Co st *Ex. dividend extra | 101 Steei ab 4% 40. 93 93 ! Walworth 65 A 45, o eadra Inland St 4358 B'S1 €1 . 61 Warner Sug7s'41. Wis CentTm 45 '36. 23 S 3514 35% Warren Bros 6s 41, By, 85, WarsawTs'id..,., 68 o o ane SonNauumnaats SEE WE-BAY 3% INTEREST ON SAVINGS CONVENIENT HOURS Bally. 830 fo 3—Saturdays Ll 12 O'Clock to 5 nd 3 N snd TRat"day ot 'the menih ™ OB 2 m. Co ed.-Am. Co. p B SRS