Evening Star Newspaper, July 11, 1932, Page 15

FIN BONDS IRREGULAR ON PROFIT TAKING Foreign List Subjected to Selling Pressure—Domes- tic Issuzs Firm. BY F. H. RICHARDSON, Bpecial Dispatch to The Star. NEW YORK, July ign dollar bonds were highly irreg- v, with liquidation and profit| in the German issues and strong of a few Europeans and Scuth’ list gave a the domestic ibition of firmness. Trad- ericans, significant ex ing was hea The market opened with a grneraus trend start and soon extended their declines. This heaviness aflected German bank issues. municipals and _industrials. Altho both the French and Ger- man cabinets approved the “gentle- men’s reached at Lausanne, the vi ed at Washington on the linking of war debts and repara- timent adversely. ntial pro- rman bonds ; but the belief ntually go to jis on the long side and took profit gh Offerings were heavy they were well taken. Many who sold their German bonds in the first hour bought them back again 1 to 2 points lower. Europeans were surprisingly strong. Austrian 7s, Hungarian 713s, Vienna 6s. Greek 6s and 7s and others of the same speculative chnrncter poin ted higher. French 7s. Belgian 6s, 7s. Great B pment bonds | c was off s as speculative shorts covered their positions. The naturs of _this movement voided anv effect it 1 British bonds Australian government issues as well of the Australian In the South Amer- je 6s continued thar . however, civil disturbances. ove! advance. Braziliar on reports of ne Canadian Pacific bonds continued to fmprove. Holders here of Canadian Pacific common, on which dividends are | now paid in Canadian funds, have been selling their stock to buy the bonds oh BerlinCityE)f}3<'hS the road, scime of which pay interest in American funds. This has already pushed the Perpetual 4s nearly 13 points above the 1932 low price. Other Cana- dian bonds were firm because of favora- ble Canacian exchange prospects, with the wheat movement about to begin and the tourist seascn at hand. Canadian internationa g hi been well received $20.000.000 of per cent 14-year de- ic and the issue was three days. The province ed $9.000.000 in short- thout having reccurse to ket most significant strength in issues was in _industrials. ists have been saying that the | first sign of recovery would come in steadying commodity prices, as a result | ustrial pmrhaw , and that the | phase would be a firming of in- dustrial credit. Commodity prices have been steady for more than a month. Today s onds as Dcdge Bros. 6s, Goodyear 5s, Goodrich 6s, “Texas Cor- poration aire’s 7s, Standard Oil of New J 55, Tobacco products of New Jerse: Tnland Steel 4lus, Armour of Iilin d American G. Chemical 5.5 1 up by frac- tions to more than 2 points. CHECK TOTAL GAINS. chsnedon accounts in leading cities of the Federal Reserve System showed an increase of 20 per cent during the week ended «July 6, as compared with the previous period. The increase, presumably, was on account of pavment of month end bil the table that follows total debits are given for comparable periods, as reported by the Reserve Board: Week ended July 6 194.000 Previous weck 6.106,813.000 Same week last year 9,643,461,000 | Washmgton Stock Exchange SALES. Potomac Electric 67 pfd.—10 at 10' - 10 at 107! ~Potomac Electric 51,% pfd—5 at 103. Washington R\n & Elec. ptd—10 at 714, 10 at 7774, 5 at 77 AF Tzn CALL. vashington Gas 6s “B"—$100 at 100%4. Bid and Asked Prices. BONDS. PUBLIC UTILITIES. Bid Asked. i & Bor BURH ia & Pot. R R. guar Georzetow Potom Columbia_Co Wash. Mk Amer. Tel &abiral Tracis Wash. Gas_Li N. & W Ste Pot. Elec Pot_ El Wash Wash The followir ¢ not bids, but ey s ; m fixed by stamped) & Tr! 3 A TRUST- COMPANY. & Tr. Co. (15) & Tr. (129) Be & Tr Amer. Sec ® SAVINGS BANK. esda (6%) £ Wasmmgton (121 Potomac (10) f Sav. & Com. (10y) enth Street ed States (30) . Mechanics (20) FIRE INSURANCE. American (12 . Corcoran (10 i Firemen's (&) ... . National Unton (i3). TITLE INSURANCE. Columbla (6h) Real Estate (6 MISCELLANEOUS. Col. Medical Bldz, Corp. (6) Dist. Natl. Sec. pfd. . Emer. Bromo-Selz, “A” (2). « Federal Storage pfd. (8) % Fed -Am. Co. com. (60c)... Fed.-Am. Co. pfd (6) ... Lanston Mogotvbe (6). Mer. Tr. & Stge. com.. Mer. Tr. & Stge. pfd. Mergenthaler_Linotype (1.60). Natl. Mtee. & Inv. pid. (6) ! Peoples Drus Store pfd. (813 ‘Bu? Est_M. & G. pfd. (6)... Security Storage (58).., Ter Ret, & Wh cors. i The_Carpel Cprp ¢ i M com, @) Wash. Med. Bldg. Corp (1) Woodward & Lothrop com. (130 Woodward & Lothrop pfd. (7). *Ex. dividend. 527 extra. bBooks closed. ¥212 extra, nasc extra 3c; extra 130c extra. 47 extra. £1% extra. 5% extra. el extra. B (12 11.—Although German Government 5!as | were off about 3 points at the | pport “ ht have had on | were weak recently | Ontario offered | individual hank | | Zh1Un ANCIAL. High b 10124 b 4th 4153335 10224 18 38 195166 933 )S31481046-49. 948 TS3%s M 41-43. 9829 S3%s8J 40-43 994 S3%s4347... 9824 S 33, g . 10016 Bl 10223 78 105 25 Sates High Abitibt P&P 58 '53. 10 19% |Ab& St5ys 43... 3 70 | A'leghany Cp 6844 14 9% Alleghany 6548, .. 13 Alleghany 6s '50. .. Allis-Chalm 53 '37. Am F P 5852030, AmIGChb% {Am IntI5%8'49. .. Am Metal 5138 '34. Am Sm&Ref 5847, | Am Suz Ref 6s°37. Am T&T 415339 | Am T&T e tr Am T&T deb 58°60. 32 Am T&T deb 5a '65. 22 Am T&T 5%s'43.. 37 Am Wat Wks 5534 3 Tl Arzentine 5148°62. 40 46 Argent 65 61 May. 11 50 Argentine 6s §9Ju 1 50 Argentine 63 59 Oc 5 46l | Argentine 6s A 57, 24 50's Argentine 65 B'58. 12 50t | Arm & Co 43838 67 Arm Del 5%s 43.. 16 61% { Atchisonadj 4s'95. 6 16 | Atchison gn 4s'95. 27 824 Atchison 4%a'48.. 3 T8 AtICL un4%s 64. 54 45 Atl Ref db 58°37 94 Aastralia 4%s8'56. 142 65 Australia 58 '55. 72 1024 99% 1014 94w 94 1018 in 51,5 and other ‘BR()QV.:'J 2 B&O4%s 6 20 |B&OTet 58 95.... 11 6 14 B &O Swdv 5550, 10 B & O Toledo 45’59 1 Batav Pet 4145 '42. 22 Belgium s '35 7 Be'zium 6343 °49.. 20 Belgium 7s 65 46 Belgium 7s'56..... 22 Bell Te! Pa bs B'48. 13 Bell Tell Pa5sC'60 6 Berlin Cy El 6 '55. 21 | BerlinCityE16%s'51 40 18 40 | Ber mun ex 61zs Bolivia Ts 8. | Belivia Bolivia Bordeaux 6s '34... Bos & Me 55 '67. Brazil 614526 211 6355 '27- v San 68 A 'té Bklyn UnGas 45. | Bklyn Un Gas 55’50 Budapest 6s 62 Buenos AR 6s '61.. R R & Pitts 413 7 | Bush Ter con 2255 Canada 4s 60...., Canada 4343 '36.... | Canada 5s52.... . , Can Xat Ry 43531 Can | Can \F.n Can Can { Can Can Pac db 4s. Can Pac 4%s'46 Can Pac 435 '60 Can Pac 5344 ctf: f“ln Pac 58 '54. r Clin & O 6s of G Ry con 58’45 Cent 1] E&G 58’51 Cent Pac 1st 45’49, | Ches Corp 5s°47.., C& Ogen 445’92 CR&Qgn4s'ss., CB&Qrt5s'T1 Chi Grt West 45’59, © M & StP on 4s'89. 55 1M & StP 43;sC 5815 Chi M&StP 4%s E. 5x% C M StP&P 6s '75.. 18 CM&StPadjss.. 3% Chi & NW gn 4s'87 45 | Chi&N'W 4345 C 37 18% Chi & NW 4% 8°49,. 9 Chi& NW 613836, b5 Chi RI&P rf 45 °34. 2714 ChiRI& P 4%s'53 28 ChiR14%s'60 11% CTH&SE in 53 164 Chi Un Sta 4% 86 92 105% 55% 5514 L 6% bls LY % 21 84 ‘63. Sta 5s B'62. Chi Un Sta 614562, C& W Ind cn 4x'52, C& W Ind 54562 Chile 63 '60 Chile 63 °61. Chile ss ‘61 Jan.... o eSaprooaloRamomaBo© Chile Cop db 6s * Chile Mtg Bk 6s 61 Chi Mtg Bk 6%3 57 Clev Term 4338 77, Clev Term 58 B '73. Clev Ter5%s A ‘72 ~1 Cologne 6%s'50... 8 Colomb 68’61 Jan.. 22 Colomb 6s '61 Oct Colon O11 65 °38. Colo & Sou %5 Col GAE 55 '52 May Col Gas&El 5361, Com Inves 5%s 49, Con G NY 4%s 51 ConG NY 5% Con Pwr Jap 6 Cen Pow Japan T Consum Pow 55 '52. Copenhag 4145 '63. Copenhag b8 '52.... Cuba 5% '45. Cuba R R 1st b: Cuba Nor 534 s 42 Czecho 8551 Sa Denmark 434 Denmark 5% Denmark 6s "42 Denver Gas 5s'51 D& RGren4s'36., Det Edi 4143 D ‘61 Det Edison rf 5: Deutsche Bk | Dodge Bros & Donner Stl 7s'42.. Duquesne 4% '67.. Dutch East 1 6862, Eriecon 4s'96 Erie gen 43’96 Mrieref 55’67, | Erioret 55'75. | Fiat aen 7848 Finland 5%s ' Fisk Rub8s’4l.... Fram Ind T%s'42.. French Gov 78°49.. j French Go 7%s "41. Golsenk'hen 65°34.. { Gen Cable 54847 | Gen Motors 6s ‘37 101% Gen St Cas 5 Ay Gen Th Eq 2 Ger Cent Bk 68°38. 31 44% Ger Cen Bk 65'60J 24 44 Ger Cen Bk 63°600 60 43 Ger Cen Bk 78 '50.. 29 49 | Ger Gen Elec 6s'48 15 34} i Ger Gen EI 7 40 Ger Gov 5%s 49 German Rep 7. . 0% GoodHopeS&1 78’45 33 Goodrich 68 45.... 36 Goodrich 648 47.. 69% Goodyr Rub 68% 9 96% 39% 5% 23 101 78 69% 50 98% 92 65 35 1414 14% 3 46% 294 85% 113% 119% 45 39 Grand Trunk 78'40. Grt Nor 4%s E'77, Grt Nor gn Greek §: Hait1 63°52. . | Hudson Coal 5862 Hud & M adj 68’57 Hud & M rf 58 '57. Humble O1l 5837 111 Bell Tell 63 ‘58 111 Cent 4% s 66 111 Cent ref 55 '55. 111 CCStL&N 4%s 111 CCStL&N 58 A.. Ill Steeldb 4%s 40, 1 65 28% 36 69% 100% 102 21% 41 24 23% - 0 e CLYTE-FERSTREITTOIE - P72 =t 3~h UNITED STATES. (Sales are in $1.000.) Low Low 19 70 8 6 4 68 231 6913 65 4“4 78 102% 99 101 941y 944 101% 691y 581y 5815 1T 3% 45 17 8% 6214 27 28 11 15 85 92 105 551 55% 6 6 5% 6% % 21 Th b 60% 62 68% 31 33 33 34 100% 6% €9 50 98 92 6414 34 14% 14% 72 45% 29 84% 112% 119 45 38 101% 4“ 2 42 40% 40 AT 33 40 46 684 3% 36 688 684 94 954 39% 54 22 €5 28% 36 69 1004 101 20 41 23% 2375 Close 10111 10110 101 10 9819 9821 984 9818 9822 100 13 100 13 10219 10220 105 15 105 21 98 4 Close 194 70 8 6 4 lW‘/- 41 24 237 THE EVENING STAR, WASHINGTO Sates Inland St 4145 A'78 5 Inland St 4 %= B'81 5 Int Rap Trrf 6366 29 Int Rap 11 €6 sta. 117 2ty Int Rap Tr7s'32.. 19 Int& Gt N6sB b 1 Int & Gr Nor 6s°'52. 4 Int Hvdro E) 68’44 2 Int Match bs ‘41 2 Int Match 53°47... 20 Int Mer Mar 6541, 2 Int Papref 55 A'47. 1 Int Pap 6s '65, 1 Int Tel&T Oul'l’. 49 Int T&T4ks'52.. 5 Nt T&TS5a'55.... 17 Irish Free St 55'60. 8 Italv 7s '61 =18 Ttaly Pub 7s '52. Japanese 53%s ‘65 Japanese 638 '5. Jugosl Bnk 7s '57 Kan C FtS&M 4s ‘3¢ Kan C P&L 4%s 61 Kan City Sou 35'50. Kan City Sou 5s5'50. Kan City Ter ¢8'60. Kan G&F 448 Karstadt 43, Kend 514548 ww Kresge Found 6s'36 Kreug & Toll 55°59. Lack St fs A "50.. Laciede Gas 58 ‘24, Laclede 5%s C'G3. . Laclede 5% s D '60. Lautaro Nit 65 '54. Leh Valcn 45 2003, Lig & M: 58 °51. Loew's 6a"41. Lorillard 5s '51. Lorillard 7s '44.. La& Ark 53°69. LouG & E15s A’ 8 58 20 McKes & R 5%s8'50. Manhat Ry cn 45'90 Marke Marseille 63 ‘34. Mex dsastd 191045 Midvale Stl 55°36. . Milan 6%« '52 MEK&T Ist 4390, MK & Tadf5s'67. MK & Tex 53 A "62 Mo Pac gn 75. Mo Pac 58 F'77 Mo Pacbs G 78 Mo Pac §s H ‘80 Mo Pac15s'31.. Mo Pac 548 A '49.. Mont Pow 53 43. . Mont Pwr 5s A '62. Mor&Co 1st 4%5s'39 Nassau Elec 4s ‘51 Nat Dairy 51,848, . Nat Rad 61.<'47. Nat Steel 53 '56. N Eng T 1st 5852 NOTA&M5sB'54. NOT&M5Y,s"54. Nw S Wales 5557, Nw & Wales 5858, N Y C3ys97. N ¥ Centdb 434, N Y Cent 45°98. . N Y Cref4%s2013 N Y Cref 582012.. N Y Cent db 6s '3 NYC& St L ds NYC&StL 4145 NYC&StI.514 A T4 NYCASIL 1at 65°32 N Y Edison 5s B'44 NYEdrf6s 41, NY EL H&P 43 '49. NY NH&H 413567 NYNH~H 63 48 NY O&W gn 45" NY O& W rf 43°92. NY S&W 1st 58 NY Telgn4%s NY W&B 414846 . Nia Sh Md 548 '50. Nord 8145°50...... Norf Sou ref 5561, Nor & Wn cn 4s°96. North Am Co 5= 61 Nor Am Ed 5s C'§9. Nor Am E5%s'63, NorO T & L 6s'47. Nor Pac gn 3% 2047 Nor Pac 4597 Nor Pac 4145 2047, r Pac 55 D 2047.. Nor Pacr16s 2047, Nor St Pw 53 A "41. Nor 8t Pw 6s B'41. Norway 5% '65. Nerway s '43 Nerway ‘44 Norway 63 '62 Orfent Dev 514558 . Pac GAE 58 42 Paramount 6s '47 Param-Pub 5% 0. Paris-Ly M 6s 5 Paris-Or 5%s Pathe Exch Penn 4%s D Penn gn 4158 Penn 4343 D70 Penn 4% s ‘63 Penn gen 55 ‘68 Penn 6%3'36. Penn PAL 4143 Peop Gas ref 55'47. Peor & E 1st 4s"40. Pere Marq 448 Pere M 1st 58°5 Peru 63 60 Peru 63°61. Phila Co b3 '67. Phila Elec 43 'T1 Phila & Read Phillip Pet 5%8°39 Plilsh F M 63'43... Pirell 75'52. ... PCC&St L 55 A 70, Poland 6s40... Poland 78°47.. Poland 83 '50. Port Gn El 4%s Pos Tel & C 53 '53.. Prague T%3'52.... Prussia 6s ‘52 P SacreBnuaann ;... » [ O N T O ) PP ) - o = » peSalnesnaSanatunw s aananwe - e PubSvG4%s'70., Pure Oi1 6%8'37... Pure 011 5%s'40... Queensland 6s°47.. Queensland 7s '41.. Read gn 4348 A 97, Rem Arms 63 A ‘37, Rem R 6% sA'4Tww Rhinelbe U 7s 46 . Rhine Ruhr 2 Rich Ofl Cal 63 °44., Rio de Jan §%1 '3, R Gr Do Sul §s"68.. Rio Gr W 1st 48’39 RIAr& L 4%s°3¢. Rome 648°52..... Reyal Dutch 45 '45. Rumania 7s '69 StL IM R&G ¢s'13,. St LASF 48 A '50 StLA&ASF4%s'18.118 StL&SF 68 B'650.. 17 St L SW 1st 4 St L SW 1st bs '52. StP&KC SL 4%s'41 St P Un Dep 58'72 Sao Pau 7s "40 Sao Paulo 50. on P W 648°61. Saxon 7845 . Serbs-Cr-81 7 g Serbs-Cr-S18s'62.. Shell Un O11 68°47. Shell Un O58'43ww Shinyetsn 614552 Sino Ofl 6358 B' 3 Sinc Oil 78 Sinc Cr 0 5%s'38.. SincPL6s'42..... Sofssons 6s Solvay Am 6342 Sou Bell T&T 58°41 SW Bell T 53 A '54. Sou Pac col 45 °49.. Sou Pac ref 4s'55.. Sou Pac 4%s ‘68 Sou P 4%s’69 ww.. Sou Pac 4%s 81 Sou P&Or §% Scu Ry gn 43 'S¢ Sou Ry bs '94. Sou Ry gen §s 66 Sou Ry 6%s'56. .. StOIUNJIBa'4s.... StOIINY 4%s 51, Tll'l'ln EP5%s'T1 Tenn E1 P 6s A ‘47, Ter AsSt L 4s'53., 10 BONDS -ON N. Y. STOCK EXCHANGE Received by Private Wire Direct to The Star Office. Hish 64 644 408, 4l 221 62 16 181 22 1w v 30 28 1% 22% 201 22 9% 90t 7 54 67 46 93 81 84% 101% 96 105% 80 1017% 100% 38% 63% 32 1% 30% 49% 13% 64t 17% 18% 102% 86% 91 104% 40% 92 71 L L 96 . TexCorpevbs'dé,, 27 76% BONDS ON THE CURB Sales in thousands. 52 Al DOMESTIC BONDS. Hign. Low. Close. o il oAmer El Pow 6s A '87. 20 Amer G & E 5s 2028.. 3 Abpalach Ons 65 2 Appelas Gas 65 B '05 2 Arkans P & L 85 '56 25 A850 G & E 4523 40 6 8 Asso Gas & EI 55 '50. 18 Asso Ging & EJ 3 68 3 Baldwin Loco S%is 33 5 2 Beil Tel Cen 55 A '35. 16 Bell Tel Can 55 B ‘51 5 Bell Tel Can 55 C /60 8Boston Con G 55 '47 3 Buff Gen EI 55 A '56. 103%4 Sap Adm 5e '53 xw. . 64 22 Carolina P & L 55 ‘36 5 Cent Ill PS 4'25 F '67 1Cent Il P 5 55 G '68 23 Cent Pow & Lt 55 '56 3 Cent Pub Ser 5135 '49. 5 Cent Stat_Elec 7Cent St Elec 5 2 6 Cent St P&L 5'as '33 8 Chi Dis Elec 525 '35 82 Citles Service 5s '50 1Cities Service 55 '66 BCit Serv Gas 5ias ' 4 Cit Ser Gas P 23 Cit Serv Pow 5 1 Cleve Elec Tilu 5s 6 Comwh Ed 4';5 D 10 Comwh Edis ds F 1 Com’nity’ PAL 58 5Cn G Bel 4.s H 2ConGas Ut'eizs A ; 4 Consum Pow 4125 5 13Cont G & E 55 A 10 Continen Oil 5as ane Co 55 'dl Cudahy Packg 85 '46 9 Cudahy Pk '5i.s Det 'C Gas 65 A 47 East Ut Inv 55 A Edis EI Boston 35 Elec P & L 55 A 2030 3 8 Emoire Ok® 51i¢ 47 5 Fairbanks Mor 85 ' Tfederal Wat s irestone C 3 pirctione Tire 55 - 28 Florida P & L 55 3¢ 18 Gatineau Pow' 55 '36 2 Gatineau Pow 65 '41 3 Gen Pub Serv 5s '53 10 Gen Wat Wk 6s B 44 10 Georgia Power 55 '67 2 Gillette S Raz 55 '40 5 Grand Trun % 36 10 Guif o1l rd € Guit St Util Bt A''36 3Gulf St UL 4155 B ‘61 12 Hous L&P 4125 E,'81 211l Pow & Lt 6 A''53 1311l Pow & Lt 55 C '56 2 Tllinots P&L 5ius 137 3 1Indnap P&L 55 A 137 3 Insull Utilic 6s B '40 41Int Pw Sec 6135 '54 B 11Int Pow Sec 75 D '36 8 Inter Pw Sec s E 3 1int"Pow Sec 15 P & Intersta Bower 55 18 Intersta_Power 65 52 2i 11 Interst P'§ 4125 '58 P 10 Inves Co 5s A 47 xw 1lowa Neb L&P 55 '57 6lowa Powdl 41ss 38 1 1Jer Cen PSL 55 B '47 2Ken Utilit_ st 55 '69 5 Kimberly Cla 55 A 2 Koppers G&C 85 5714 5 " 5 Kopper GAC_5'zs ' 1Kresge 55 45 cf dep 10 Lebigh P S 8 2026.. 111Ia P&L 88 '57....... 1 2 Manitoba_ Pw 51,8 ‘31 et /4D 1 Mass Gas 5'as 46 . 1 s 6 Miss PowkLt 55 '3 0 Narragansett 55 'S 9 Nat P&L 55 B 2030 55 78 Calit_ 55 "6 5 5003 | 823 165 987a LS g § Pa! ) 3Safe H Wat 4ius 12 Shaw W&P 41u5 aw W&P 4iis 9878 ) S S h 290 s | souri, W& Bow 55 t News Del 65 ' West Tex Ut 55 A 1 Wiscon P&L 5 F '58. FOREIG 7Buen Air Prov T 10 Buen Air Pr 7iss S Cent Bk Co 6s B 19Com Pr Bk 5tas 13 Europ Mtg 75 © 2 Farmers' N M 7s 3Finld Ind Bk s Finid R M Bk 6 64 Ger Cons Mun 61 ° 26 Ger Con’ Mun. T 18 Gestueral 65’53 ww 7 Ham ES&U 3142 C 38 4 Hanover City s 1 Hanover Pro 8gs 49 13 Tsarco Hyd EI s '52 S Mendoza_Pr Tigs 51 1 Parana Brazil s 58 7 Prussin Elec 6s ‘34 a3 Rubr G Co 61ge A, 53 1 Runr Hous 6l3s. '58. 39 Roite Blas ei] N-C 10 uss 613 © . 7 Saatorueck 75 35, 10310 2Santa Fe Arg Ts 43 o3 Sanen Fon Wk 5 43 41 TaSthnes 75 3 xw. tinnes 7s 46 xw § Terni Soc 6725 A 33 3 § Uit Indust 61as 41 ww—With Wwarrants Xw_wWithout warrants. Do New. SiWhen lesued. U. 8. TBEASUBY CERTIFICATES (Reported by Chas. D. Barney & Co.) Rate—Maturity 1.1932.. o a3 desa 15, 3. 5833 3553353 Tex&P 1st 552000, 1 Tex & P5sC'79... 30 Tex & P5sD’80... 10 Third Avrf 4s°60.. & Third Av adj 53 '60. 15 Teb P,NJ 6%32032 4 Tokio 5%s ‘61 . 10 Tokio El Lt 65 '63.. 16 UE&P StL 1st 5533 15 Un EIPSL ref 55'33. 42 UE&P 1st 5%s A’58 3 Un Pac 1st 0'2'11. . 15 Un St W 6% A'47. 42 va s‘wmufls 25 Util Pw 68 '59 ww. Util Pow 6%38°47.. Vanadium St Vienna 63 ‘52 Va Ry & Pw 68 34, Wabash 4%3°78.... Wabash 2d 5s 39 Wabash 514875 Walwrth6}%s'35ww Warn Br Pic 6539 Warner Sug 78 '41. Warsaw 73 '58. West Sh 1st West El db5u°44.. West Md 43 A '52.. West Md 5%s “TN. Pac 53’48 Westphalia s Wh &L E con '49 WEOB%s 37 ww ‘Wil & Co 1st 41. Wis CentTm | Share was u | day at 18! lat2 835 | American , D. C, MONDAY, JIU ICURB SHARE GAIN | INSTEADY MARKET |Fractional Gains Occur Leading Stocks as Shorts Cover. inja BY JOHN A. CRONE. Special Dispatch to The Star. NEW YORK, July 11—Early gains | on the curb exchange were extended by midday teday. The rally, which was started by the covering of some smart ' professional shorts, was technical. | Over the week end news for the most part was unfavorable. In the utility group Electric Bond & a fraction along with American Light & Traction, Common- wealth Edison and Electric Bond & Share $6 preferred. Standard Oil of Indiana was a shade lower around mid- and so was Citles Service Favorable developments included the stepping up of cperations of the Clarks- burg, W. Va,, plant of Hazel-Atlas Glass Co., to the highest rate since 1921, and resumption of the assembly department of H. H. Franklin Manufacturing Co., which reported dealers stocks of auto- | mobiles have been depleted. Tung-Sol | Lamp Works omitted the 25-cent | quarterly common dividend but paid the | usual 7o-cent preferred. ‘The Baltimore City Council requested Consolidated Gas, Electric Light & Power Co., to make voluntary rate re- ductions. The stock did not sell during ! the forenoon, but it had lost more than a point last week in anticipation of such action. When directors meet July 12 they are expected to order payment | of the usual quarterly dividend. | Resumption of the rise in hog prices | again caused the bidding up of Swift l& Co. and Swift International. In {their respective groups the following | stocks made the best showing on the upside: Cables & Wireless preferred, Rubberoid Co., Montreal Light, Heart & Power, and Chesebrough manufactur- ing. Cables & Wireless stands to bene- " | fit from the prospective increase in the communications business as a result of the Lausanne Conference. British- ‘Tobacco was another issue that moved forward for a time for the |same reason. Ruberoid would benefit 3 !from any increase in farm purchasing | power. Marconi International Marine worked i slightly higher and Canadian Marconi | turned active following the bulge in | Cables & Wireless preferred. Stocks iof radio manufacturing companies, however, lagged. Cord Corporation and | Ford Motor Ltd. were the only active motors during the third hour. -~ Stand- ard Oil_of Kentucky opened up 3| points. Hudson Bay Mining and Penn- road, two usual favorites, pointed lower Long Island Lighting common and Ni- \agam Hudson Power new stock sold off. | MARYLAND TOBACCO PBICES BALTIMORE, July 11 (Special).- eceipts of Maryland leaf tobacco last | totaled 957 hogsheads, against sales of 504 hogsheads, leaving a stock in State tobacco warchouses of 22,896 hogsheads. Quotations today per 100 | poun Frosted and infericr, 2.00 ‘14 50; sound to good common, 5.00a 11500 medium to good. 15.00230.00; | | good to fine red, 30.00a39.00; fancy, 39.00 | a Seconds. common’ to medium. good to fine, 16.00a25.00 2/00a12.00; up- . burley, nominal Maryland leaf tobacco last { month totaled 2.261.030 pounds, wa\oragn price of .2164 cents a pound, against sales of 1,098.215 pounds in May at an average price of .2002 cents per pound. pper _countr | sales of i POTATO MARKET. ‘ CHICAGO, July 11 () (United [';unrs Department of Agriculture) — } | Potatoes 264 cars; on track 367 shipments Saturday, 1.248: Sunday, 52: slightly weaker; supplies heavy, trading | Arkansas Triump! Oklahoma, 1.20a1.35; | 1.20; Cobblers, Tilinois, 1.10a1.20; decayed, Kansas, 1.00al.15; decayed, Virginia, few sales, 130 Rubber Trsde Outlook. By the Associated Press Interests closely allied with the rub- ber industry are said to feel more cheer- | ful on the better prospects for bal- ancing production and output, and on the possibility of constructive action to stabilize the industry and under the committee of five, recently named to act as an advisory board to industry. - CHICAGO STOCK MARKET CHICAGO, Ju’ly' 11 (#).—Following is the complete official list of transac- receipts, total U. S. decaved. 1.10a 1.2521.3); M 95a1.05; 90a95; Exchange today: Sales. STOCKS. 200 Borg Warner e 50 Brown F & W "B 10 Cent il Pub Ser pf.. 100 Cent Pub Ser A 10 Cent & So West pf 100 Chicago Invest pf. 500 Cities Service ... 900 Comwlth * Edis 200 Cont Cht pf 530 Cord Corp 100 Gt Lakes Dredge. 50 Grigsby-Grunow 100 Hall Print 50 Hormel & C0.. 400 Libby-McNeil 100 Lynch Corp " 100 Marshall Field 1050 Mid West_Util Midland United 250 Nat El Power A 500 Nat Sec Inv pf 400 Nat Terminals 200 Public Ser n p, 270 Quaker Oa's. 50 Rollins Hos. 50 Sangamo EI 4100 Swift & Co. 3100 Swift _Intl.. High. Low. Close. 4 4 100 Vortex Cup “A’ 400 Walgreen ... 80 Ward Mont A.".. Stock sales today. BON; DS, 2000 Cht Cit Rys 55 '27 ctf 2000 Chi Rys 55 27 ctis Bond sales today. $4.000. BALTIMORE STOCKS. BALTIMORE, July 11.— Sales. STOCKS. 15 Arundel Corporation. 10C. & P. Telephone, 266 Consolidated Gas,com.. 70 Maryland Casuafty Co. New Amsterdam Cas. Co. 440 U. 8. Pidelity & Guaranty. BONDS. 700 Baltimore City 4s 1961....... Last sales. 147 Market Averages By the Associated Press. + Doehler Die Cast. . at an| 1.40: | tralized carlots), the entire ! tions in stocks on the Chicago Stock' 6 wl JLY 11, 1932. Received by Private Wire Stock_and saie— Dividend Rate. Add 00. Hizh Low. Clese Alr Investors war. 1 Y% " Alum Co. Am pe(3) 1008 34% 33 Am Beverace A AmlFor Pw war, l‘- Am Founders....... ] Am Gas & El (31).. 15‘\ Am Lt & Tr (2%). Am Salamandra. .. Am Buperpower. .. Am Sup’pwr 1st pf. Am Superpower pf. Ark Nat Gas cu pf., As El Ind Ltd k10c. A850G& EAbG%. Atlas Utllites. ... Blue Ridge cv pf a3 Brazil TL&P(b8 %) B-A T cou Bki4%e Bckeye PL (4)... Cable &Wire,A rcts Cable& Wire pf rcts Canadian Mareoni Cent HudG&E(80c) Cent States Elec. .. Chesebroush (16 ) Citles Servi Citles Service pf. Colombia Synd.... Comwlth Edis (5). Comwlth & Sou wai Cons Gas Balt 3.60. Cord Corp. Corroon & Reynolds Creole Petroleum. Crown Cork Intl A. De Mrest Radio. .. [PYSL- TNy 161y 14 R 13 39 (- 1615 B 141 3 » O L T - [UTOYoN S Opovss ) P& F prpf(41) | Eisier Eiec Corp. . | Ei Ba & Share 16 % Elec B & S pf (6). . Elec Bd & Sh pf (5) Elec P & L op war. ec Shareholding. Europ Elec deb rts. Ford M Ltd.. neral Allovs. ... t ret p36 3-5e v pfEB ag Hudnnn liav \HH Hygrade Imp Tob Can 35c. Int Petrol (1). N. Y. CURB MARKET Direct to The Star Office. Stock and Sale— Dividerd Rate Add 00. High InsCoNAm (2)... 3 20% Italian Superpw A. 3 Lack See (4). 25 Lefcourt Rty 1 | Lione Star G (b64e) 3y | Long Island Lt 6oc. | Loulsiana L & Ex | MecCord Radtat B, Marconi (k13 1 | Mid Sta Pet vic A | Mont Lt HET 1% l\l!l Ruboer Mch, | New Eng Pw pf (6) 1008 Niag Hud Pwr(n). North Sta Pw A (§) Novadel Agne (4). ‘Ohlo Copper. . | Pac G&El 15t pf ns Peninsular Tel pf 7 Penroad Corp. .. | Penn W & Pw (3) Phoenix Secur Corp Premier Gold (12c) Producers Royalty Radio Prod....... R R Shares Corp. | Ruberoid Co (2) Salt Creek Prod (1) egal Lock & Hrd. . Secur Allied (1). | Select Indus (new) e Ind ail ~fs(5 1) Southland Roy 20c. Stand Oil Ind (1).. né Ot of Ky 1.20 nd Pub Srv A. | Swift & Co (1) Swift Intl (14). Tech Hughes (€0c) Texon Oil & Ld (1). United Corp war United Founder: United Ga United Gas pf (1) Unit Lté&Pwr (A) Unit Lt & Pwr pf. U S Foil ( ie) . I'nit Ve Ut P& Lt Dividend rates in dol quarterly or semi-annu dividend tPartly extra a Payaole in cash or stock Stock. e Adjustment dividend. n stocx “g Plus’ 6% in’ atock in stock. {Plus 2% in stock. K Plus 10% in stock. m Plus 3% in stock. n Plus 8% ir | stock.© Paid last year—no revular s based on last payment. *Ex 1us 4% o Favable 1n T Plus 57 b Plus ¥ Markets at a Glance NEW YORK, July 11, steady, () —Stocks Auburn rises sharply. Bonds firm, Germans react. Curb steady, Swift issues firm. Foreign exchanges irregular, sterling easy. Cotton lower, favorable weather, lower cables. Sugar steady, spot market steady. Coffes lower, unsettled Brazilian political con- ditions. CHICAGO. July 11 (P.—Wheat ea increased Southwest movement, favor- able Northwest weather. Corn stea decreased visible stock, steady forei markete. Cattle strong to higher. Hogs slow and steady to higher. ew York Cotton Special Dispatch to The Star. NEW YORK, July 11.—Under the | influence of the best weathgr in several weeks, cotton prices cased off about 10 points today and closed 6 to 11 points lower than Saturday. In addition to almost no rain over Sunday, the Weather Bureau pre- dicted generally fair weather fomorrow and the ket was under liquidating pressure throughout the day. Spots were reduced 5 points to 5.85. Cotton range Open n THER o e B tober’ 2 99 6.08 520 634 CHICAGO DAIRY MARKET. CHICAGO. July A).—Butter, receipts, 13.353 tub creamery, specials (93 score), 17%,a18y: extras (92), 1715 extra firsts (90-91), 16a | 167, ; firsts (88-89), 1410a15'.: seconds (86-87), 12a13';; standards (90 cen- 16%. Eggs. receints 114,159 cases: steady; extra firsts, 14: | fresh graded firsts, 13%; curren. Teceipts, 12, Ma May Dividend Reductions. NEW YORK, July 11 (%) —Moody says that of the 600 companies includ ed in its index of dividends, 40 reduced I their common dividends and 18 omitted them during the past month. The in- | dex declined to $1.36 a share at the end of June, as compared with $145 on May 31, $1.95 on December 31, 1931, and the peak level of $3.06 on March 31, 1930. Since the end of 1931 the index has been declining at an average rate of 10 cents a month. SHOBT TERM SECURITIES. (Reported by Chas. D. Barney & Co.) Allis- Chalmers Co 5s 1937 ... American Chain Co 6s 1933 40 N an Tel. & Tel. 5'zs 1943 A Wat. Wks. & El. 5s 1934 Baltimore & Ohio 4'.s 1933 .. Belding Hemingway Co 6s 1936. 1 Bethlehem Steel Corp. 1936 Canadian Nor. Rwy. 1935 Chi. Northwestern R. R. 55 1933 Chicago Rock Island 4s 1934 v Lora & Whing R R 55 1933 . 1 Colorado & So. Rwy. 4!.s 1935 { Commercial Credit Co 5':s 1935 Delaware & Hudson Co 5s 1935 Denver & Rio Grande 4'as 1936 Gen. Mot. Accep. Corp. 6s 1937 Genersal Petroleum Corp. 5s 1940 General Public Service 5'25 1939 Grand Trunk of Canada 6s 1936 Houst East & West Tex 5s 1933 Keystone Telephone Co 5s 1935 Laclede Gas Light Co. 55 1934 Louisyille & Nash R R 5s 1937 | New York Cent. & H_4s 1934 New York. Chi, & St. L. 6s 1932 Northwestern Telep. 4i:s 1934 Penna. R. R. Co. 6i3s 1036 ... Portland Gesieral Elec 5s 1935, Republic Iron & Steel 5s 1940. Sinclair Crude Oil Co 5'11 1938 Soutniern Facinc' s = St. L. LM R. (] ls 1833 Union Elec. L( & Pow. 55 1933 Union Oil Co of Calif 5s 1935, . Virginia Railway & Pow 5s 1934 ‘Wabash Rwy. Co. 5s 1939. The leading manufacturing industry in_the Colonial period was lumbering. 412 ENTERPRISE SERIAL BUILDING ASSOCIATION 7th and Indiana Ave. N.W. LOANS On Improved District of Co- lumbia Real Estate Security 68th Series of stock now open for subscription James E. Connelly, James F. Shea., President Secretary Previous day Week ago . Month ago Year a0 Three year: Five vyears ag High, 1932 Lo'h 1932 Previous” a.y . Week First Mortgage Loans Lowest Rates of Interest and Commission Thomas J. Fisher & Company, Inc. 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. Bid. Offer | 8 71 ]) Grain Market | By the Associaled Press. CHICAGO. July 11.—With most traders awaiting the Government crop | report from Washington, and with dealings the smallest in some time wheat prices today tended gen down grade Price decl reduction of United States pared 110.000 bushels wheat visible with 3.660.000 bu: 2. a year ago. Favorabl r Spring wheat Northwest complete absence of export d wheat from North advantage to bears Wheat closed unsettled Saturday’s finish. Corn up. Oats unchanged to an d provisions 2 cents to 27 Alaskan Gold Output. By the Associated Press. Alaskan gold production in the fi six months of this year amounted to 1$2,635.131, a_slight decrease from the | output for the same pe last year. ) In a report to the Commerce De- | partment from the Juneau Chamber of Commerce, beach mining at Nome,! which produced several million dollar: | worth of gold in the rush of 1898, wa said to be on its way to revival and although no big pay has been reported. miners are making from $4 to $5 a day with hand rockers. FOREIGN EXCHANGE. | (Quotations furnished by W. B. Hivbs & Co I wn | Stocktolm. oW 1 Montreal INVEST WITH SAFETY In Guaranty FIRST MORTGAGE SECURITIES That Yield 6% Invest your idle funds in these safe. higk-type investments_that offer & liberal return of 6%. Secured by di- rect first morteage on income-pro- ducing properties here in the Nation's Capttal. Denominations from $100. May be purchased on monthly payments. Send for Booklet. “The Success Plan* REAL ESTATE MORTGAGE & GUARANTY CORPORATION 1610 K St. N.W. National 1403 Charter No. 10504, _ Reserve District No. 5. REPORT OF CONDITION Of The Franklin National Bank | Of Washington. in the District of Columbia, | at the close of business on June 30, 1932 RESGURCES. . Loans and discounts... ... .$2,536.416.74 ! Overdrats. secured. 2,603 37 unsecured, $252.99. 2,856.36 . United States Gov ent securities owned... 570.439.54 . Other bonds. stocks and se- curities owned... 783.07 . Banking house. _ §422.300.00: Turniture fixtures, $79.067.65 501,267.65 . Real estate owned other than banking _house 37.483.19 Reserve with Federal Re- serve Bank.. . . 573.197.40 Cash and due from banks. 38 ). Outside checks and other cash_items, .. . Redemption fund with U. §. g‘reuurer and due from U. $5.431,327.9% . Capital stock paid in. . Undivided " prafits . Reserves for div . $225,000.00 125,000.00 25.562.93 2 < 66.083.67 interest. taxes and other expenses accrued and unpald... . Circulating notes ing . Due_to’ banks, tified and outstanding 22. Demand _deposits. . Time deposits.. . 81 Other liabilities. Total .. $5,431,327.97 Washin {OEL M. THRIFT. cashier of the Ibovl named bank. do solemnly swear that the above statement is true to the best of my knowledge and, bellel 19,015.43 225,000.00 outstand- inciuding cer- shiers’ checks L... 600.332.22 . 125172982 2,888,864 04 4.739.86 THRIFT. Cashier. l\lburibrd and L'orll to before me this 8th of July, 1932 tseal) RALPH E. NORTON. Notary Public. Correct—Attest JOHN B. COCHRAN. THOS. P. HICKMAN, DUVALL. R. E. DUV Directora stock. | es were in the face of a A—IS SELLING OF WHEAT DECLINES SHARPLY Farmers Are Holding Supplies Off Market to Get Better Prices. BY FRANK I. WELLER, Associated Press Farm Editor. L L 1| While some old-timers expect wheat | eventually to work higher, they are not %l inclined to follow bulges such as have eccurred recently. Complete indifference on the part of 1foreign buyers is discouraging specula |tive interest, and trade sentiment | vors sales on the upturn, the impres- sion being that under present condi- tions there is little disposition to take hold of wheat except on extreme breaks. rco, the le hedging movement in | the Southwest may reach fair propor- tlons within the next 30 days. Farmers Holding Grain. ng_only 25 to elevators are dis- only the grain condition. Heavy Southwest have further r wheat harvest, and of commission houses to t offerings has given the h | v erpool rallied on reports of rust {in parts of Canada and Jugoslavia | forcing sellers of privileges to protect ‘Ln-nfl‘»l'fif Shorts covered on the bet- ter tone in the securities market and {more favorable reports from the Lau- conference. king halted the upturn and > recovery scemed out of the picture. The week brought ring wheat pros- of appreciab! ast year in West- rn_Euro officials predict a Spring will break all State nd quality, and Cana- ~ | dian rep the crop there is en- tering the critical stage with prospects aching average despite Increasing aints of inadequate moisture sup- 1 some sections. ‘Talk of a grass- hopper menace continues on both sides onal line, but climagic are unfavorable to the insect. r good corn-growing week was ed for the country as a Whole relative cheapness of feed ns auger minimum farm use of |® It is predicted Iowa will pro- the biggest crop of oats and bar- clinging to continued re- { damage in the Winter wheat harvest more than 50,000.000 aga t 240.000.000 last year a’ Dallas report said the worst r in 10 years was likely to cut the Texas crop in half. On the high plains the vield originally was es- ed at 40.000.000 bushels, then re- duced to 28,000,000 and now some de- ra'}; it will'do well to make 14,000,000 cls Russian Prospect. Russia is not expected to figure much |as an exporter, although current offer- ings in Liverpool created a mild sensa- tion and started a selling movement, as Russian wheat w the price of Canadian. s of new domestic wheat y good quality although is_high and of more as a price factor than in other recent yvears. Mills and elevators |in the Wichita section advanced prices shel, paying 30 cents was sold Foreign Companies. NEW YORK, July 11 (Special).—If rnational Telephone, with its world- wide ramifications, benefits from the - | Lausanne treaty, the British bond con- version plan, and other foreign develop- Electric Bond & Share c improved earnings. as its Chief . foreign operating _subsidiary American & Foreign Power, has import: am holdings in E.umpe South America the Far E: REPORT OF CO\DIT!ON | CHEVY CHASE SAVINGS BANK the District of Columbia, close of business on June 30, 1932 RESOURCES. nt $551.713.61 59.49 ment 77.810.64 nds. stocks and se- reved 335,637.35 151,732 83 106.083.23 1.832.55 4,562 64 3122043234 LIABILITIES. 1 stock paid E 5,383.33 terest. ‘taxes expenses accrued d. 4.872.00 8.508 54 465,349 61 465.349.61 560.363 85 c0.0000 - e District of Coliiiibia, s 1. J EZRA TROTH, cashier of the above- named bank. do solémnly swear that the above statement is true to the best of my | knowledge and belief. J. EZRA TROTH. Cashier. Subscrived and sworn to before me this Tth day of July. 1932, (Seal.) L. VAUGHN BOWLY, Notary Public. Correct—Attest CLYDE D. GARRETT. s Directors. REFORT OF CONDITION Union Trust Company Of Washington. in the District of Columbia. he close of business on June 30, 1932. RESOURCES. Loans and discounts....... Overdraits . . United States Government securities owned .. Other bonds. stocks and se- curities owned ..... . Bapking house. $1.712.026.93: furniture and' fixtures, $182.203.81 Real estale owned than banking house Casn and due from banks. . . Outside checks and other T o . Other assets . Total ..... LIABILITIES. Capital stock paid in Surplus Undivided profits-net . Reserves for dividends. con- tingencies. etc 5 % . Reserves for interest. taxes and other expenses ac- crued and unpaid. . Due to banks. including certified "and treasurer’s checks outstandin Demand deposits . Time deposits ... © Other liabilities . Total City of Washin 1 EDSON B, OLDS. vice: president and treasurer of the above-named bank, do sol- ¢mnly cwear ihat the above statément is true to the best of my knowledge and bellel. DSON B. OLDS. Vice president and treasurer. Subscribed and sworn to before me this th_day of Juiy. 1932, (Seal.) 'J. DUTTON WAINWRIGHT Nnt-n Public! Correct—Attest: $EORGE E. HAMI . Jr.. ARD L. . $4.801.366 51 3.308.77 BL2A1117 3.430.513.10 1.894.230.74 7.327.59 1242119545 “other 673.012.40