Evening Star Newspaper, July 23, 1932, Page 10

A—10 * THE EVENING STAR, WASHINGTON, D. C., SATURDAY FINANCIAL. e === e e e [EGSLATONHELD ([ NEW YORK STOCK EXCHANGE | STOKSIREGULAR | [BONDS ov . v-srock mxcuance| FEAR POYCHOLOGY % Abitibi Pwr & Paper. 2% % + | 25% 10 Johns-Manville...... 24 12 114 12 Migh ~ Low. Close. |LautaroNit6és'se. 5 5% 5% 5% 1% Adams Express 2 2 e e ) e BHREs, St Lib3%a32-47.... 1013 1013 1003 | Leh Valcnes2008. 6 3% 437 s 807 Afr Reduction(t4%). 27 37% 7% + % | g A RKaufman DS (800), 35 8% 3% " Lib 15t 4% 32-47 10125 10122 10122 | Lig & Myers 7s'44. 2 i R : Effect of End of Congress on 7 Alaska Juneau (50c). 28 1l HA = H| on g ayeer () &Co @ W & - w(Trading Turns Dull as Week- | v ss3s-ss 10220 1021810218 | Loowsbaul. oo 8 28, T, 5, Goneral Motors President eghany e 2% Krlvinator Corp. 3% 3% 3% S 35 1951-5 . 5 3 3 e 8 3% i 4 Allegheny Ste % % <ennecot D o = z s % 8 2 Lorillard 58 '51. 95% 95% 95V 5 Stocks Discounted, Clews : Aliea Crem & D (6): i o oiost EanneCorECompe g 2 End Profit-Taking e et 1aon ,33;6 ,§§ 1y tz:..(,}:iaé:b». R R 133* Suggests More Confident Allis-Chalmers Mfg, i 18% 10 Kroger Grocery (1) 12% 12% US3%sJ 4043, 1002 99261 e H g : < . Declares. 14 Alpha Port Cement o S e Appears. US3%sa3-47.... 1001 9921 9998 | L& N unids40 gL n Attitude Toward Future. a2 32 L Am Asri Chem (Del 56 Tambert C % 3 % US3%s46-56 301 10021 10030 | Lyons 63'34 38 34 S _— Sit hu Tt Rubber & Tire. : o0z Am Bank Note pE “ o 30 Tenman Corp (2.40) sei 3o 35 103, 10228 1020 | wowcen & R ewse Bt o st 1035 103% 103 BY CHAS. P. SHAEFFER, 2% 2 Asiociated Press Business Writer. 3 ol Enoie o) ' fin X Livbey Owens Gla BY GEORGE T. HUGHES. ‘ BY EDWARD 0: STONE. : . s B 3w e 1| B9 3 Llewen&Mverscid). 2 46 6% L e L L G e o . % i . F % b % 34 Ligs & My (15). e g : » g 7 i I James B, Clews, head of the veteran Am Car & Foundry.., ™ 4 o ¥ il *{"NEW YORK, July 23 Although dull | Alleghany s 50, 17 7 T I T R e S el prosident of v s’ 7 neral Motors T 1o 12% and irregular, the week end stock mar- | Am F P 51 2030.... 18 ¥ o il o i\ et e pa CDATRe 45 45 5 | situation as a “surplus depression New York financial house, looks a* the : Car & Fiy pf (1). 251y 4| 14 6'% Link Belt (80c)... general situation and especially the ‘Am Comel Alcohol. .. T4 9 Liquid Carbonic (1) 12% koo MStP&SSMen 45'38 i | Am Intl 5% s Lot 5 REV EAY2. 818004 Acsonnt o1 fwcll, e | asiMenmTeRe At 1 KT amtne +26 26 26 | Production is no longer our great 1% 114 4| problem, he ¥ 2 adjournment of Congress, in this way: | A& RorelEn Pr 3 E 3 : 13% Toewss, xuc (14) & v peo) ad been looking ior- prs pos o 4 3 Loew's Inc pf (61 E 8 < : ‘Many people h el g Am&Forgn Pw pf(7) 10 0y usual Saturday evening up process went | Am Sue Ref 65'37. 2 103% M;\pfi:g:.d: q‘l 67. 991 s ‘75 s 24 3y, 23| “But when alongside of surpluses in 24 2B e e sce on all sides, ward to the adjournment of Congress Am & For Pwr 2d pf. 9 62 | Loft Inc | s Am 21 on without eny important recessions | AmT&T 4%s'39.. 1 604 Mo Pac rt o5 A ‘65. 23 |all over the world, of pecple 1o immediately bring about a better A B St Proa 4120, % 28 Loose-Wiles Bis (2). , situation, consequently. great disap-| DA 1 Lorillard (P) (1.20) 4 1 and unfavorable earnings statements | Am T&T ¢ trds t0- 12 1.0 Mo Pac 58 F ‘77 who are deprived, not alone of the comforts, but of many of the necessi- pointment is felt that this has not been ‘?,’ ‘Am Interns SRR 3 4 §'a Lou &ELA (1%). were ridden over, so far as the ge! 94 Mo Pac 58 G 78 more of a feature So far as the mar-| oo, 71, Am Mach&Fdy(80¢). 10% 7' Loulsille & Nash. .. 13 4 ket e e generdl [ Am TAT e Sa 55 11 100 102 Mo Pac 15881, . ket is concerned the effect had already 1% Am Meta) CO..-.ccve 2 10 McCall Corpn (2). 1% market was concerned, and had little | Am T&T 5%s o 9% Mo Pac5%s A'49.. been partly discounted; but this does " 3 AmMPWr&Lt().... 12 5 13 Mcintyre Pore 1% . 1815 effect on the stocks represented. Am Wat Wks b8 . 5 72| Mobile-Ohio 55 38 ties of life. then it becomes evident ot apply to the aftermath, as the im- 10 AmP&LtptA AT 1915 +2 28 Mckeesport T P (4) The market had the General Motors | AT5Sn0 0S54 3 82+ - Mont Pow 68 43. that a faulf has developed in our sys- portant legislation enacted will, when 15% Am Pwr & Lt pf (6)+ 24 s Ml on & Robbins. and Du Pont statements to appraise. Argent 6= :’-59‘1’\} Nat Datry 5% 5'48.. tem of distribution,” he concludes. put into operation, help directly n 3% Am Radiator. o 19 4% McKesson & Robs pf. > | Argentine G’ 59 0¢ Nat Steel 58 56 These advances made in the art of inging about a better state of affairs 3 Am Rolling Mills.... 6 McLellan Stores. ..., Both stocks opened fractionally lower, Amm{“' i NEng T 1st6s'62.. production at lessening costs, both in but there was no volume, the decline :rue:tcnonl‘ o dollars and in human energy. have been rm o so rapld, he says, that our facilities for getting these products into the in the unemployment situation and :1l 13% Am Safety % (3).. 1814 ck Trucks (1)..... NOT&MS5 g3 that goes with it. 5ia Am Smelt & Ref..... 8le Macy (HR) (n2). vi N o “WWhat, of Course, is required to give Lo s 2en Ser 'Tia Madieon Sa carden o not emmasd And thers was no s | A cchion enitx 1 Now S Wales a 58 the market a really substantial footing | ‘Am Steel Foundry..s i Mena e il i e :I‘fs‘l‘g‘;m’;‘,.sf Y C3%s 97 hands of those who need or want them me ‘On“mg\nl’:l‘fzfln‘}fn‘dh’“hl')l:;)g)]f:: ;:m :,’,;’fl) o LA common stock in the second quarter | australia 58 '55.... N Y Centdb 4s'34. | temporarily have broken down in the commodity markets would AT Tel & Telex (5 A D e oiher [t tmie KRR R e basteas Fecotrs bt et s a ¥ markets covered dividend requirements, but the | Austrian 78 ‘43. 92 [N Y Crfan%s2013m for business recovery, but several reme- dvlflh that might well be applied to the situation, among them confiderce—a | confidence that inspires an understand- perhaps do more than anything else to Am Tobacco (16) market was not disturbed by that fact. [ Austrian 7s ‘67 N Y Cretf 682013 bring this about. ¢s it would greatly in-| AmTobacco B (16) The oil stocks held only slightly below { Y Cent db 6335 the purchasing power of the 5 Am Type Fd the heat: Teveln Tethid yereraty |B&Onateaias: T4% | NYC&SIL 4958 T8 ch now is so far b:low par Am Water Wk 3 4 Mo Kan & Texas Traders: were. interested ‘In. the itafe. |5 20 4%s 18 g that by cc-operation the business reements reached at the! Am Zinc & Lead 5 11 Missouri Pac .. ment by Presidnt Amos L. Beaty of the | B & O 4%s 60 |ills will be overcome. In support of conference with regard o 3 1 b 4 13 Missouri Pacific pf. O I e L CIB& Ollai s | this theory he explains there are mil- s have created a basis which | s 4 Monsanto Chem 11 iexiean Fctroicum Tasitite pointing [ g 5 G rvef 6e 96 tions of people today who could buy ected will have much to do in| ) { Montzomery oub that the nduzcry in a favor- g o ref6sC S5 | vet who are held back by an unrea- Testoring world credit and in other ways, 11 Armour of Il (). TR = ‘;far‘;",:":“;‘;z;d"’w;’:gh %’fi“i‘h“a?;' Batav Pet 435 "42. ) soning fear of the future. or the have its proper influrnce in dispelling Armourof Ili pf. .. & bwardl éxcent for the general dq PIY | Belgium 68 '55. ... Uy NY O&W gn 4s'55.. thought that it is unpatriotic for them the gloom which hangs like a mantle| @ Atch Topeka & S aetin Sl Mbbray Gorp- .- oo Ton He metimaten the: demerd sor | BelStum 63 ... 9 g Y O&W rf 4592, to buy when others cannot over the entire universe, 6 35 Atchison pf (5) 9 9 Nash Motors (1), s fiell e ast o ane for | Belgium 78'65. ... - i 3 Y Rys Inc 6s°65. . Another . Sloan suggests that “Likewise some progress is being made 9% Atlantic Coast Line.. gl Nat Biscuit (2.80) o 660 15 Def ect Undes foit o] Deleium 18:6¢ Y Telgn 4%s°39 might help the situation is job in- In Geneva with respect to reduced 844 Atlantic Re = (1) | Nat Cash Reg (A) the mms‘mndi’;" Falr l'lgs]fl!hm Rell Tell Pa b8 Y Y W&B 4%5°46. . surance. armaments, which if put into eflgct 28% Auburn Auto (£4) .. § 3 n atDati £he corrponding Detiod of 1031 Lt | Benat Loanigs 6. 1a Sh Md 5% '50. “The industrialists can well afford g0 a long way in balancing Fed- n Corp (Del). ¢ Dist Prod (2). Spres nfidence that the industry | Berlin Cy El 6s'56. 3 or & Wn cn 45 '96, to give careful study to problems of bucgets and in lowering burdensome | — =~ G T ocomotive. ; 5 Nat Lead (3) y would operate at {air profits i opera- | BerlinCity 16 51 7 North Am Co 53 '61 | job Insurance,” he says. “The emplove el Lo - 87 Nat Lead pf A (1) tions were conducted ‘on a rational | BerlinCityEI6% <59 Nor Am E5%s 63 | who has faith in the security of his job ey e B B 2 R CPwr & Lt (1), Beth Stl pm 65 '36.. Ger Lioyd 6s°47. is ready to buy." A third key to the situation, in Sloan's opinion, concerns the use of credit. Explaining that lack of con- i % & Another firm but inactive gr vas, B et . t Supply pf.. OUp Was:| Peth Stlrf 53 42... S Compared with three years ago, the imore & Ohio pf. e (Beaial naioer e b e EetB B e or Pac gn 38 2047. fidence has restricted unnecessarily the productivity of money in the normal gn}:r(ifi: i pgguc nt mf-rep ?op‘:(g't 5 16 n»;“’;;.{'llg eam (3) 7 7 N Y Central. ;rf;tgl sollg -‘; ;:&filmtazeg their best | Bos & Me 58 55 Bare Connn, SEi s 3 L NWEBEE N Y Chi & StLpf.. . d ent advance was | Bos & Me 55’67 156 p(}r‘cgmsym)l e \\clgz:nn:l?ge p]eo;fkfex;t 3! ;xg\d!‘\;y‘t‘;t‘;;n(_«‘) A - . \Y & Harlem (5). 2 ;g;mq b); National Distillers Products. | Brazil 6% s '26-'57.. cent more common stocks and 28 per| 2 Bethlehem e o ll:t;t{(hr:ro'rm Sectifien to the dm'jm"r;f‘la;l‘z&“;t’acg; g:znzssl}i 52. | turers, distributors and consumers, he 1t mo on stocks and 28 ; g 3 & Hart pf. t 2 r 2118841, . ays there is a large rese - cent more bonds, Frazier Jelke & Co. Bethlehem Stl pf N 'Y Ont & Western. the part of the speculative elergnt. BKlyp Ed 55 A "49.. ent which <a§ be lal[’)‘plzxdr fx“u?& n be obtained by those who have | character and worth-w projects to | advance. N BHNEA menanD FIEE FEFEF e+ A+ = ' s Brremaamacunan oo » B e N e T T Y —r l++ + + RoBamcomnuce +H1+ 1 TRl a oo o5 Dane B e s 0 m i 0 15 0 00 T 00 D1 000 T Ot N O et 010 7 20 G0 D R 10 RS R DR D A i i BT 3058 30 e S . a Tl 4 N & a FEEs ¥ or Pac 4%s 2047.. or Pacr16s 2047, Nor St Pw 55 A "41. (RN Oreg-Wash 4561, Orfent Dev 63’53 Pac GRE 55 42 ‘aramount 6s ‘4 Param-Pub 5%3 50. Paris-Ly M 6s'58., Paris-Ly M 58.. Paris-Or 535 68 Penn 4% s D ‘81 . Penncn 4%s 60 Penn gn 4355 °65. Penn4%s D19 Penn 5s°64. .. Penn gen £s ‘68 Pern 615736, ... Penn O&D 414517, Penn P&L 4%s ‘81, Peop Gas ref 5s'¢ Pere Marq 4180, Peru 63 61.... Phila Co 55 '67. Phila Elec 4s Phila & Read Phillip Per 5539 Poland 78'47...... Poland 8s '50. | PortGn E1 4 Pos Tel & C 53 '53. sta 65°52. ., Prussia 6% 51, Pub SvG 412867, ub Sv G ats Pure Ofl 516 Pure Ol 5%s°40. . + 1+ sLEL e ‘)"fi‘r’.‘l‘e‘v\x!éx’(“"? e 5 24% b Y Steam pf (6) » After Friday's demonstration the | Rklyn Elev 63 A gesive for eol and cther fomun of e Noranda Min (a50¢) . railroad shares were surprisingly quiet, | BKlyn 3fan s A 68 cold eash Sias sheen it e L TAD AN e Joston & Maine. .- 4 Norf & Westn pf (4). Perhaps it was the realization that so | Buenos AR 65 61.. abrormally high value in relation to Bklyn Manhat Tran. | North Am Aviation. 2 214 ¢ |much time must elapse before therePuff Gen El4%s'81 G s Hilyn-Man Tr pf (6). Nor Amer(b10% could be any tangible benefits frcm | Bush Ter con 3855 vestors are willing to P LSRR 2 North Amer pf (3). concolidation that checked the buying. | cant packing 5540 premium for maximum safety ard e; S Northern Pacific In any event prices for rails Were | Canadsss o0 i g PurrahsA M (806).. 8 N sligntly Jower. with Delaware & Hud- | Canaga 430 36 In huee yoam Bus minal.. 2 3 3 3 3 Ovptietin Cleoltit son down 2 points at one time Cortao oo bias shifted o Bush Terminal pE( American Telephone. Aled Chemieal. | can sear pe 33 other. " The 7 e Coca Cola, and other stocks of that | Can Nat Ry 43 506 profits has been replaced by an cbses- e grade, all of them recent objects of | can Nat Ry sion for Jquiaity and safey, the survey L0 Epern S U JSRE “Vhlentd | R0 S22 6 B L e i |in the first hour but cam ol r- R More Trolley Traffic Forecast. 314 1a Dry (1.20) : cific Lighting (3) % S Afe et it frmt ';’;m‘; par- [ Can Nat Ry 44,855 The opinion was expressed today by ian Pacific 1 Y P'ackard Motor Car. ., 2 & P played real weakness. Steel stocks ‘_‘" "lf 5369 Oct. some holders of Capital Traction stock 3 se (J ) Co. . 2 6 ara nt Publix 2 2 P were steady and the feeling w - rJm.\\_nrd: fhat the next six months may see an | 15 se (1) pt () i 3 xchange..... 2 : the trade outlook had impreved. United | can Pae dn increase in the earnings of the street Tl s : | a4 ‘ Ak % 2 States Steel preferred Was Telativels | can bav 4% e 60 : nt-Agui 4). . N 3 J E 9 2 5 tive = - s | o TECEn e Cr R A o il Al T o e | e first six months. Saed T The weekly car loadings statemen* 1t is claimed that the cut-rate taxi- 5 Ches &0Ohlo (2%3) . i 4 B4 8 Cavering ihe. pedodiiendine i cab competition may not be as keen in } ‘jnos‘aneak‘ev(?or‘?r(:u 4 3 i:Rw‘lxvilmg e 5 showed an increace of 87.144 cars the 1a 32 s in the firet hall. | 4 CRIGreatWaRtam it Dhillips Petrolenm. - . Powever. was 253895 cars below the | “iies Cors S A 5 Chi Mil StP & Pac. .o Fillsbury Flou same week a year ago Ca&o4sB license fee which taxi drivers ere being Chi & Northwestern .. x - Pitts 1 | Ch & O con 5 called upon to pay The higher price 5 i e b ; e (REha o s 210 considered as_favo | 5 e “street “car lines. In. ; : > ; o s Markets at a Glance | |S&9752.T, ~cction. removal of the SR E 3 & sl : {Crsa i ay 4z 4 N Chrysler Corp (1). N 97 Proctor & Gamble(2) 9 NEW YOR uly (P~ 5| Ch1 Grt West 4s's9. 3 d particularly Jmpostati, as M Ci Fucl (3.60). s 13 Public Sve N J(3.20) 3 sy pmfiga'k(;rg‘)éhmfg (=Blotks | o e e . 56 Queensland 63 '47.. drivers were paying only 70 cents| Coca Cola (18)...... 505 | 2 Pullman Corp (3).... ateady: . United . 5 cMstpap Queensland 7541, very five gallons of gas they < sal-Pete (1) 234 Pure Ofl steady; United States Governments| .y e 'sepadss Colgate-Pal-Pete(1). 1 ure Ofl. . uuvees ‘ firm. 'Curb irregular: ofls firm. For- | M &StPadibe. . ¢| Rem Arms 65 A 37. Palm-P pf (6) .. Pure O1 1f (8) ! | 52027 e = e claim is also made that as time ol Ralm = wr ure OfL : eign exchanges steadv: market dull ! 4 E flem R 51 sA 4Tww Collins & Aikman. ... Purity Bakeries ( Cotton lower. favorable weather: co- | NW 43%5C"37 3 #12 | Rhinelbe U 75 46 on and private automobiles wear volo Fuel & Irol 3 pe b kD s more and] more people will use the Colo Fuel & Iron. ..., operative and commission house selling. | O & NW 4% 5741, Rhine Ruhr 6s 53.. . : Columbia Gas (b1).. 3 5 Chi & NW 6145 "6, Rhine West 6s Stréei cars, especially those whote in- et e p bt B Sugar and coffee closed. b .| Bnine West s 752 Scmos have been reduced. How great L e eith-Orph Chi RIS el 2 Rnine West 62 530 i b S 1 such a comeback might be remains 10‘ . Comel Credit A (3).. 3 3 Remingto IChiR14%s 60, .., 3 Rich 011 Cal 63 "44 be ccen. It should also be kept in Comel Cred 1st(6%). 55 S subil w ll. P d | CTH&ESE 15t 55 60 B GrDoS ek e Shat 16 toxicab competition | Comel Gred Lot (6% ) el S ashington Produce| |circsz i - RIAFS L 4% 15, would not mean any real scarcity o : 3 5% Reynolds Met (13) “hi Un Sta 55 B'6: Rome 645 52 C& W Inden se taxis or "-ifi:;:' :;Me; ey 3 2} Rteynolds § e 2 Royal Dutch 43 '45. erwe eads Associa 2 “omw 5 5 261 ids Tob B (3) utter—One-pound prints, score, | C & W Ind 515762 ; 22; 92 score, 21; standards, 20 tub, 93| Chile 6560, SIanEANA 0 oracs L, Sherwood was re-elected : ar (1) . o F A Score, 21; 92 score, 20; standards, 19. | Chile s Stidsrsaner. : /BEAR TRADERS FIGHT + eacs Iding - 6 S8 .. & Ins of Amer president of the Northeast Building As : ] A - ki Eggs—Sealed, Government graded, | Chile 6s ‘61 Jan St L. SW 1st 58 '52. sociation, for his 17th term. at the an- Consol Cer prpf 615, SiEar 24 Ehnaeras 20 SEtine B0 | C1 =3 | X L > 8 s, H iums, 20; hile 6s ‘61 Sept. P&KC SL 414541 % [i ; B ADVAn_ICE IN MARKET 4 e = FURTHER STOCK GAIN 1§ SEEN BY BROKERS Exchange Members Believe Pros- pect for Continuance of Advence Is Favorable. L4 At rEE Special Di : | NEW YORK, 23 —Prospects Jor a further advance in the stock mar- |’ket over the next few days are favorable, the majority of brokers believe today The Eastern railroad consolidation | plan. further strength in bonds, better- >lmeni in commodities and scattered re- { Ports of business improvement in va 4 0US lines in many sections of the coun- buted toward a more | i 3 | 9 rBeSuuniaSarwansuranst anGoannanseoa ) — e have recovered ate earning power re- n, too, as some students , technically the market is in a strong conditi More than two-thirds | of the stock 1i s held abcve {the June low leve! | The long list of normally inactive in- vestment issues that appeared on the | tape during Thursday's session con- = | vinced tape readers that positive signs |of permanent investment buying are on | the incre Foreign buying may in- | fuence the duration of the prospective short-term upswing. Radio Corp e SEEEE & FFE F5EE BE 22 of the association’s stock- Consol Gas N Y (4) : L ;:;d‘c::u!‘:;;: Scszrrdgg-&, Mr. Sherwood Consol n ; 5 Z RO hennery, 16a16'z: current receipts, 13a | Chile Cop db 5= “47. oLyl 35 vice pfl'flld(‘n[ of the Federal-Amer- y (.m <ol Oil (:1Vrp. - . 1 an Fran pf.... 1%; Wnslcrn._ .fl’ESh. 14a16. " { Chin GvtRy 7%"\ . 12% 0 Pau 7s "40. 5 jean National Bank & Trust Co.. and l;«:nf‘r C n‘rll (B).. ¥ | ERlilte Retall Stares 10?03:23;.9511;@-121"!% Msnsr‘uljz. t';r)gllf CinUnTrust 58 .é'i'.’ :: Saxon 7846 &= f th rook!an: n E tl Can (2).. A5 s reasts, . B ¢ I . / : Sl : 3 ‘ ) Knopp. first vice president; Henry C Cont1 Ol (De)). o 5 Seaboard o1l Del 40é. e e . “ ‘Althoff. second vice president; Schuyl A Corn Lrod : . Secvelne : 18; 'Rhode Island Reds, 15a17; miixed | Clev Ter 535 A ‘72 S. Symons, secretars: Frank M. Hatl 'n Cl & S ey 9% 9 ) colors, 14a16: Leghorns, 14al6: hens,| Colon O!16s"38. .. treasurer; James EPayne, sssistaft 3 N colored, 13a15; Leghorns, 12; roosters, 8. | Calo & Sou 4155 '35 treasurer: J. A. Open: sistant sec- | 35 " E Shell Trans - Poultry, dressed—Turkeys, hens, 15; | Colo & Sou 4%s '80 retary; William orbert, counsel. » C Wright. S 3 2 hell Union Oil. toms, 13; crooked breasts. 13; Spring | Col G&E 5s'52 May Directors—Henry C. Althoff, L. L. 236 Curtis Witght (A). . hell Union Oil p! 2 ' broilers. Plymouth Rocks, 2'; pounds | Col Gas&FEl 53 '61.. 1 Anderson, Julian F. Belfield, R. John T Davison Chemical. imms Petroleum and over, 22a24; 2!5 pounds and under, | Com Inves 53348, 10 &7 it kel 244 | bears continue’ fo fight the upward Bochs, N. T. Chaconas, Allen E. Cowles, 5 6% Deere & Co pf (40¢) .. kelly Oil. .. 3 19a21: Rhode Island Reds. 18a20; mixed | Cons C Md rf 58 '50 7 Sou Bell T&T bs .| movement with moderate offerings of Foster, T. A. Gillis. Frank M 82 Delaware & Hud (9). 3 effield colors, 17a19; Leghorns, 17a19. 1. K R9% 89 9% | SW Bell T 53 A '54. 5 some of the pivotal stocks. This largely Ty S e S i ¢ ¥-Vac (80¢) 6 9 ; 11; Long Island ducks, 14al5 || Con G NY 515845 69 100% ou Pac ref 4s55. . ary ®in | accounts for the failure of American Joffery. John L. Knopp. J. A. Openshaw, 201, Diamond Mtch pf 1% : | 6 oIV Am pf ww (514 ). colored, 16a18. | Consiin Pow 58 52 Sou Pac 473 ‘68. 36" * | Telephone & Telegraph, American Can James E. Payne, John B. . 5 Tia Dome Mines (1120). 12 South Port Rico Sug. Meats—Beef, 16!5; lamb, 16; veal. 11; | Con Pwr Jap 6} 8. 37 37 37 |SouP4ls 69 ww. 16 ; and Eastman Kodak to participate to 1. Sherwood, James L. Sherwood. ir.: 11t Dominion Storestll 2 3 Southern Pacific pork loins, 13; fresh hams, 13; smok Con Pow Janan 7s. 2': | Sou Pac43%s 81, 3J8 35 E any great extent in the rise. Shares of 720 5 12 141 62 Serbs-Cr-S1 85 °62.. 3 2 Supply of Pivotal Stocks—Lead- 65'¢ 35 > 8hell U: i ©F f 4 ell Un O1l 53 °47. : . ers Command Premiums. 751 50 Sinc 011 T8 A 37, 21 ncCro5%s3s.. Special c 71 Solssons 65 '36. . NEW YORK, July 23.—Professional I N L T L UL I I ToOu s Roy L. Swei Schuyler S. Symons, 23 Drug Corp (4). . 3 9 3 3 3 uthern Railway hams, 15; strip bacon, 15; lard, 7i2; A Flhs 45 3 29 394 ! Sou P&OT 4 %s these companies seem to be in constant William S. Torbert, N. J. Ward. 59% 22 Dupont de Nem (3) 2 5 43 uthern Railway pf. , compound, 7. AR REsIE .. 4" Scu Ry &n e supply by the shorts ¥ Cleaned in Financial District. 80% Dupont deN db pf(6) cer Mfg 3 Fruits—Watermelons, 15a60; ca | Cuba Nor 5145 "42.. 22| Sou Ry 6s'94...... 23 A substantial short interest continues Slean o Scal 87 i 5 Stand Brands (1.20). 1 loupes, 50a1.25; flats, 1.00; Czecho 8s'51... 9 9 9 Sou Ry gen 6s '56.. 6 23 : to exist and this found reflection today ¥ E Bocker of ¥ B Bogk O | e ). | Stand Gas & Elec (2). 3.5024.50: lemons, 4.50 Del&Hna ref 4= *43 z 7 Sou Ry 614s°56.... & 3. | in a fair demand in the loan crowd for has been elocted treacurer O M for the | 32 sis llec Auto-L (1.20).. | nd Oil Calif (2). 100, 2.00a2.2: i | Del& Hua 5%s'37. 3 OIN RS e < 2 sy & aRunkieEiE SHe SuivOCa N Iemice itels ington Better Business Bure 4~ 7 Elec&Musical Instru. | and Oil Exp pf (5). honeyballs, 2. les, Trans® | penmark 4345 ‘62.. s | SLOUN Y aus 51, 12 loaned at small premiums. coming year. 0 of the 8135 | 1b% 2K Blecwr&Tio, s " Stand Oil Kansas. . parents, 50a75; pi 1.75; cherries, | Danmark 5% 55. . TennEIPSsA'4f.. 2 92% The professional bears are seeking to Helaers (of 351000000 8 e Cene| ok 10K B i | Stand OILN J (12) 250; backberries, 2.50a3.00; currants, | Det Bdi 418 D '61. 90% 90% | Ter AsStL8s'4d., 2 %% | undermine confidence in the present 000.000 of German Relch 6 per cent| 64 104 ElecTwr& Lipf(h). ) Sterling Secur v pf. 3.00: pears, California, Bartletts, 3.00a | Det Edison rf 5543 961 961 | Tex Corp cv 58 "44.. recovery of stock prices by circulating Bonds purchased by Ereuges MRS 15" 2 EriemE tone & Webster. ..., . 3250 raspberries, red. 9.60; bananas, | Deutsche Bk 6s Tex & P 53 D 30. propaganda to the effect that bad con- in 1930 have so far f_au’e[ atr:m i g I 3 : 5 ! Studebaker Corp. ? D 1.00a2.25; grapes, Malagas, 1.75; peaches, | Dodze Bros 6s '40. . 3 Third Av rf 48 ditions will prevail in the industrial coupons for the July 15 in ”jsl, h'oy | e g 7 Studebaker pt (7) 2.50a3.50; huckleberries, 3.00a4.00. Duquesne 4%s '67. Third Av adj 5 world this Winte; issue which was received on July v Fed Wat Service A Sun Oil pf (6).. Vegetables—Potatoes, barrels. 1758 | oo o guz 715537 Teb P.NJ 6%s 20322 —_— BANK CLEARINGS GAIN Tee. Higginson, fiscal agents for the t Natl Strs (23). mington ‘ 2.25; tomatoes, bushel, 2.50a3.00; string Toho E K e. Higgin R e i s E25; Jlomaloes: s a0 S toc | Eifech 2 3 h enaiJoronIEwis. German government on these 4 Fisk Rub Ist pf ¢ | TR beans, 75; limas, 1.25a3.00: peas, 2.50; | Erlecon ! Tokio 534s '61 REPGRTED FOR WEEK EFUr By the Associated Press. FFEFEE FEEEE mee ebieBRace 2 T rman of the “olla Bros. P 3 . FErie gen . . A,S,”‘:i“f‘-CE,‘.;;?J:;JS?‘{EE’ Tatens |0 20 Follanstes ios. il ] % Texas Corp (1). : squash, "50; cabbage, 100; spinach. | prie TR A% 07 ; Tokio El Lt 6353, . 1l Chamber of Commerce, has sent \ Fourth Nat Inv 120. : ; T ) g1 llégt‘]\?cléZSicelggfg z;;:;u%déo-snbnfi: 15 Erieref5s'1s 9 197 | Un EIPSL ref sw'33 stk A2 x Pacific Coal&Oil. L 2 : : onions, g URes Tnckialte Eent e e e Fox Film (A) - > Tex Pacific Land Tr. pound sacks, 75; cucumbers, 75; OKra, | Fiatdeh7s4f..... JUSaE NEW YORK. July 23—Bank clear- ol e e iy [elRis 0 e Tide Water Asso Oll. 3 3 bushels, 1.50; corn, homegrown, 5-dozen | Finland 614< ol 2202 Un Pac re s 2008. ings are slightly higher this week at O : Tide Water As pf (6) sacks, 2.00: North Carolina crates, 1.00; | Fram Ind 73s 20 w1, R S i e Further briefs in the case of Piric. i Timken Rott B 1% r : carrots. per 100 bunches, 2.00; beets, | French Gov7s'48. 10 1121 e e b weck at all leading cities in the United O e Mo Vo Stosk Gen Am Tank Car(1) Transamerica Corp per 100 bunches, 2.00; eggplant, 2.00; | French Go73%s'41. 5 118% U'S Rubber 6847, 3 | States, as reported to R. G. Dun & hange in the matter of “package Gen Asphalt (1). Tri-Contl Corp. 2 2 asparagus, 1.75a2.25. Golsenk'hen 65°34.. 4 42 Un St W 6%5 A'4T, | Co., was $4,189,330,000, showing a re- “unit” sale of securities must be sub- E 'a”x”(}hc) Un Carbide & C(1.20) AR SR Gen Cable 5158 °47. 1 42 Ud St W 6l%s A'51. 28 duction of 42 per cent from last year. mitted Monday to comply with the or- e e o ; Un Oil of Calif (1). NEW YORK BANK STOCKS !Gen Motors 6s 42~ % 1007 Uruguay 63 '64.... At New York City clearings were der of Judge William Harmon Black of e e | Union Pacific (6) Gen St Cas5%s'49. 4 80 Util Pw 5359 ww.. $2.760.474,000, a decline of 43.7 per Supreme Court. Th Exchange recently et e , Union Pacific pt (4) _— GenTh Ea8s°40... 3 24 Utll Pow 6 %8 47 forbade members to participate in Gen G&E cv pf A(p6) %:nllAlrcrq(l. package” sales excep! under restric- Gen Gas&ElI pf A(8). Jnit Biscuit (2) tions. Gen Mills (3) - Unit Cigar Store R e et Gesi Motocs (1 ‘{nnmfel:‘,;odc)- Coal Production. oD Unit Fruit (2) NEW YORK, July 23 (P)—Bitumin- 4 Gen Realty & Util. bnsfllGls&lr]ntl-ZO) ous coal production for the week ended % Gillette Saf Raz (1).. s l"d"ls Alcohol July 16 was approximately 4,260,000 | 7 Gimbel Bros U 3 ldlfllr:('r. . tons, compared with 3.625.000 tons in 31a Glidden Co. T BerinenitA) o the previous week and 6,784,000 tons in | Gobel (Adolf). s et S o))' the same 1 weck, according to the; Gold Dust (1.60). pe 1s! . National Ceal X 513 Goadyear Tire&Rub. 3 7% Gotham Silk Hoslery Graham-Paige. Granby Consol. . 4+ Grand Union. Grant (W T) (1) NEW YORK, July 23 (#).— Great Northern pf. “"‘““‘; s ireat Nortaern Ore.. S g 314 Great Western Sug. . L d. 2 & 7 e (e o A L 48 Great Wn Sug pf(7). e R W Contl Amer Life Ins.45c Q July 20 July 19 20 20 Gulf States Stl1st pf 22 - e = Grinnell Mfg .......$3 .. July 15 July 14|~ 5y Hahn Dept Stores. .., Fm Sl 5o o MRS S 30| 131% 110 Homestake Min (3)... Deferred. 24% 8% Houston Oil e 5% 1% Houston Oil (new) “x’:‘n.‘ps;tn;x:elly Ine.25c (to consider at Aug. 2 16% 5 Howe Sound (40c) Omitted. 11% 2% Hudson Motor Car. Broad Riv Pwr pf.$1.75 5 5% 1% Hupp Motors.... FRI P Homewt SLORE F T8 4% Illinois Central. ... & 38%W 7w Industrial Rayon (2) Can Natle'$3 50 Can iy &orp Trd. 100 394 Ingersoll Rand (3).. Can Lt & Pwr .. 50c I 24 Inland Steel. ... e 2 - 14% Interboro Rap Trans. chryiler Corp ... 3 & 18% Int Cement. o Diamd El M{ pf..$1.73 5 29% Int Harvester (1.80). BlecFerries The pi i3 o 7 2 =yes Havernill Elec Co. .88 July L It EFREoeElec (L) Hercules Powder % Int Nickel of Can. ... P 8175 Aug. 3 Int Paper & Pwr (C). cent, while the aggregate for cities out- side of New York of $1,428,856,000 was :38.5 per cent lower. In comparison With last week, small gains appear in the Southern and Middle Western centers. The percentage of loss is smaller this week than it was last week, in com- parison with the corresponding periods a year ago. The largest decline this week is one of 552 in Boston, while Minneapolis shows tine smallest decrease. Clearings at leading cities as com- piled by R. G. Dun & Co., showing de- creases, as compared with same period a year ago; follow Totals in Week July 20, 1932— Boston - Philadelphia Baltmore Pittsburgh Buffalo Chicago Detroit Cleveland Cincinnati St. Lotus . | Ger Cent Bk 68'38. 16 4374 43 - NEW YORK, July 23 (#).—Over-the-' Ger Cen Bk 6s'60J 10 41 YauaquupSLese counter marke Ger Cen Bk 63600 1 41% (| Vs BlaEnn et s Ger Cen Bk 78 '50.. 45 g | Y*SW istonSsiGe BN . | Ger Gen E17s45 43 3 Wabash 1st 55°39.. First National (1067000 930 100, | Ger Gov5is’65... 44 47 Wabash 2d 5539 TN ) 5 German 6%s '50... 40 Wabash 68 75... Pathe 3y Y, 7 193] | German Rep 7849, 6814 Warn Br Pic 6539, 2 Goodrich 63°45. ... 857 | Warren Bros 6s 41. ST quRLST COMPANIES. Goodrich 6% '47. . o West Sh 15t 48 2361 Brookiyn Trust (16) . S 4 Goodvr Rub 5='57 ., 3 West E1db 58 44 Central Hanover (*7) Grt Nor 5%s B'52. 55 5 West Md 45 A 52.. B ) : 3152 Grand Trunk 7s'40. 9 9 99 | West Md 51877 Corn Exchange (4)° H 5212 | Grt Nor gn 7836 4 3 2% | West Pac 5s '46. Empire (2) : 2| ait 6s West Un col tr 6538 Gugranty’ (20} : e eat Ul - Tiving (1.60) | Hudson C West Union 55 '51. | Manufactirers (2} £ 2014 ¢ West Union 5s°60. New 'York Trust. (3) 15 Hud & M adj b8 5. | West Un 635036 Title Guaranty & Trust (4.80). 11 Bell Tell 5856 . 53 1 *Includes extra. 5. Wsstphalle T 10% 1'% Util Pwr & Lt (A) 111 Centcl tr 4s 52, Wh Sew Mch 6s "4 E ~ 111 Cent 4%5°66... 21 5 | Wil-O 1st 6135 '33.. 18% 5% Vanadium Corp.....: . 4 111 CCStL&N 4%s.. 10 Wil & Co 1st6s'41. 20% T4 Vulcan Detinning Market Averages 111 CCStLAN 58 A.. 22 Wis CentTm 48 '36. 7 Wabash RR..... Asso 4 111 Steel db 43%840. T i 3% % Ward Baking (8) okt Inland St 4% A8 3 Eeain AT 5 Lo o 4% % Warn Bros Plctur STOCES. Int Rap ;r I Sk ® z Smaita ° 17 1% Warren Bras. .. 2 o 2630 Int Rap Tr ta.. Minneapalia % 1% Western Maryland... lnilu. Rails. Util. Total Int Rap Tr 6s°32.. 13 Du Pont Report. AAante 35% 15% Westinghouse Elec Yesterday 4% 173 614 Int Rap Tr7s'32... 10 ol 19 13% Weston Elec A (2). d 59.9 Int Cement 53 °48.. : ‘WILMINGTON, Del, July 23 (#)— | New Orleans o Dallas B I O N Total income of E. I du Pont de|San Francisc 1% % White Sew Mch pf. Int & Gr Nor 6s'52. Portland 5% 2% Wilcox Oil & Gas. Int &G N ad 6s'52. Nemours & Co. for the six months | gepttle 3 Willys-Overlan int Hydro El 5 ended June 30 is $14,726,898. e 20% 20% 4% 1% Wilson & Co (A). Int Match bi The ‘report, issued vesterday, showed | new “York ' -SLan e 1 1% 45% 22 Woolworth (2.40) 2 - 4 1 2 . Int Mer Mar 1 this income as consisting of $4,861,939 5%, B + 2% b Worthington Pump : 6 Al O] : + o+ A Fss 55 & 5 sessss swssss 5 U S Steel pf (7). United S 50 Univ Pic 1st pf (8)... 3 Univ Pipe & Rad..... i n N AN ABAMEE AN RGN B BN + = : T IOL P PSS T 5 & Y 2% 6% % 5% 2% 4 % % 121 1215 S 2BeEE83gy: Lddedddiilitalind BRI8S: B3 e o o PIteberein EF EFEEF gEuSueEianna iR 28| masnen F& ga2s8 8| cvxoe © ¥ jet et =8 ot onDowna: oy Int Pap ref §s A'47. from operations, $7,484,000 in dividends | Total all . £ 8% 7| _87__25% Wrigiey (Wm) (3).. llf:l‘ l_;l;:_; ‘5; from General Motors and $2,380,959 | july to dats 188 140 “I7L__4_ Younsstown Sh&Tu. A o T S 5w 1 14| 9 4% Zonite Products(60c) i ThECET ALl st L .k Dividend rates as given in the above tables 587 : Tk e Ean city Bk Yda 3130 L1 July 1 Int Paper & Pwr pf.. 2% 2% ufi: payments based on the latest quarterly or half-yearly decla- % y GaE L 1 July 5 rations Lawrence G & E. .| June2i| 3 Int Rys Cent Am 1% 1% 5 Unit of trading less than 100 shares. {Partly extra. iPlus Muskogee Co 6% 2314 % Int Salt (1%). 1% 11% 1Y 4% 1n stock. & Paid this year—no_regular r b P le _in Aue. 65 26 IntSilver pf (4). 3215 32% 321 stock. e Payable in cash or stock, % Aug. 3 1n stock. §Plus $1 in special preferred stcck. k N 2 . 1 July 12% 2% Int Tele & Teleg. 5% bw bW m Paid iast year—i gular rate. & Flus 5% In stock. B Payabl N mo Led Prop.. 31 3y 3| 18 104 Island Creek Coal2). ne Ay Tn scrib. ¥ Bx-dividend. » " e se v 15 Jul oo & Life” 1. 256 a3 1 Bl oue o mows Experienced Advertisers Prefer The Star | " fram miscellaneous and marketable se- #-Yf 26% | curities. T 29% | " This amounts, after deductions, to |First quarter 92% 1 §1.01 per share on 10,878,989 average 71 | outstanding shares and compares with % Japanese 6348 '54.. 661 | $2.24 per share on 11,052,174 shares for Packaged Products Higher. B & % 3 ‘ 5 the same period last year. Income for Kan C P&1. 4%s°61 13 93 NEW YORK, July 23 (P)—Packaged e 3 5oy | the quarter ended June 30 Was $4- | and manufactured grocery products 1 4 4 0 2 M B ee 00 W S S3R3AAVI B 385! Kan City Sou 58'50. 40| 613,860. > have firmed slightly in the wholesale Kan City Ter 4560, 1 86% market this week. Improyement is at- Kan G&E 4%s'80. 79%| A 10-pound salmon which found its | tributed to trade cam; 5t Karstadt 6543 22 | way into the city sewer plant was ex- ' price cutting. Reports say that chains Kresge Found 6538 1 54% hibited before the city fathers of Glas- are cutting down the number of their Laclede %5 C'53. 46 gow, Scotland, recently. “loss Jeaders” featured in thelr stores, 2888 & Warehouse Df..50c . 1 July 31 —_—