Evening Star Newspaper, July 27, 1932, Page 15

FINANCIAL. BONDS CLOSE DAY - ATHIGHER LEVELS Best Record of Recovery Fol- lows Absorption of Heavy Selling. BY ¥. H. RICHARDSON. Special Dispateh 10 The Star NEW YORK, July 27.—After having Ih-orbedlhuvymlmoluemmn irregular prices. today's bond market moved charply higher in the last half hcur and closed at the best levels of ihe recovery. Today’s gains have brought the bond list bsck to its levels of last April Trading was in large volume. The market opened with a firm tone which, so far as investiment quality bonds were concerned, was matntained throughout the session. was re- grins 6-32 to 13-32. 'Since this was not con- nnedtothhw issues, it was nhnhpur- chumg e rrency expansion poses. Some of it was of & pecul-uve nature and some was institutional pur chasing to expand Government Nnd pertfclios in the expectation that cur- Tent Government financing will give a further impetus to outstanding Gov- ernment bonds. ‘ne general investment demand again made its presence felt in nearly all prime issues. Thers was good in- quiry for American Telephone 5s and 5158, Consolidated Gas 5%s, Duquesne 4125, New York Telephone 415 high-grade utilitics. Prime Tails, ‘cuch as Buritngton 4s. Atchison General 4s, Norfolk & Western 4s and Union Pacific first 4s were firm. So were ' the best industrials, notably Standard Oil of New Jersey 5s, Stand- ard of New York 41¢s, General Motors Acceptance 6s, Texas Co. 55 and Mid- vale Steel 5s. On the other hand. profit taking de- pressed mdu.strllh that have recently shown F‘ ins, such as McKesson ) International Cement 6s, Pan-American Petro- , Dodge Brothers 6s and specu- {'utlve “;slmx' bonds, including Wm:n nion nternational Telephone mnc-n&mmmumm- Hydro-Electric ternational In the foriegn Met the f r—m i the extreme bonds. Losses uued lmm ‘4 to CV, points, This virtually all of the South Amer list. The decline was ascribed to nervousness in Lon- don—wheu there is heavy trading in th American credits—over gTOW- lnx bfl.lty of defaults he few South Ami t BesdMedk 613, Bos & ELECTRIC OUTPUT OFF. NEW YORK, July 27 (#).—Eectric output last week decreased 13.1 per cent the same week in 1031, total from 1,433,993,000 kilowatt hours, com| with 1,650,545,000 & year ago. Produc- tion was slightly above that of the|r, preceding week, which registered a de- crease of 13.9 per cent compared with the 1931 week. onal decreases, the National Electric Ligl were: Atlantic_seaboard. central industrial region, Pacific Coast, 159 per cent, and N England, 11.7 per cent. ——— VOLUME AT PEAK. NEW YORK, July 27 (#).—Increased business on the Stock Exchange has brought the largest volume since the new Federal taxes on stock and bond transfers became effective about a month ago. Wall Street had feared the new levies would reduce trading to an unprofitable level for the brokers and for the Government itself, but this view has been modified considerably :‘nm the expanded turnover snd rising ces. Washington Stock Exchange Capital Tncden Co—4 at 6. Potomac Electric 52 % pf —5 at 103%. Washington Railway & Electric 45— | Chi& $1,000 at 7914, $1,000 at 79l2, $1,000 at 197, ‘Washington Railway & Electric ptd— 4 at 713 AFTER CALL. Bid and Asked Prices. BONDS. ‘Washing Wishington %‘. Sl DI a5 sertes & as 6s. series B..... wy. & Klec. 4s 'MISCELLANEOUS. Barber & Ross. Inc. 8%s...... Coevy Chaze Club Gol. Country Club § : A VA Cold siorass s STOCKS. PUBLIC UTILITY. r. Tel & Tel (9) = o _(g) L & Wash Stmbt. (12) s¥535e. £ = iu;{i;i'sz : Second _(9el Washington (#).0 -nwrr eounn & b, Loan & ‘l‘r [§t BAVINGS BANK. Bank of Betheads Potomac (10) Ecc Bav & Com. BE. uon Seventh Ntnd st American (12), Corcoran 'lfl) iremen’s (4 atioas! Unlon ‘{i8) TITLE INSURANCE. [y T I . al Estate (6n).. mscmmwou& ol ymm Bids, corp . st k <A (2) x3d sEECey & o ividend, -iu.'e losed. 28¢ extra. 30¢ extra. 1% extra. elta% extra. BONDS ON N. Y. STOCK EXCHANGE Received by Private Wire Direet to The Star Offies. UNITED STATES. Til Cent f 4" Il Cent ct tr Il Cent 4%s Il Cent ref 5s .15». 1 Cent 63 '36 INCCBILAN 418 I CCStL&N 584 . TI1 Steel @b 41;s 40. Inland St434s A™T8 Inland St 43w 81 Int &G N ad 65 '52. Int Hydro El 6x'44. Int Match 58 °41... Alleghany bs '50 Allis-Chaim 58 '37. Am Chain db 6533 Am F P 5s 2030. AmIGCh5%w40. AmIntl 5% 49 Am Metal 63 8°34. Am Sm&Ref 5547 Am Sug Ref 6 Am TET 4% Am T&T c tr bs ™ Am T&T deb 53 "60. Am T&T deb 5s '65. Am T&T 5% Int T&T 414562 :n(TlTfis‘SE. taly 7s'51 02% | Ttaly Pub 78 52. Japanese 518 Japanese 6% s 94% { Kan CF S&M 45736 Kan CP&L 4%s Kan City Sou 38’50, Kan City Sou 55'50 6 BER nn e Antioquia 7 Argenting Argenti E- DI Laclede Gas 55 '34.. Argentine 6s A "57. mnuuu.c’sa Lake Argentine 6s B '58. 3! Atchison gn Atchixon 43 AtICL 1st 4 Leh Ven4ys o0, Lig & Myers b Lig & Myers 7s '44. Loew's §s"41. Lorillard 5s '51. a. s 69 | 3% | Lou G & K 5x A'52. L&\ uni 4s'40. . L& N4l3sC2003.. McKes & R 534’ o Manhat Ry cn 45'9! Marseille §s '3 Midvale Sti bs Milan 6165 52 Mil E Ry&L b Mil E Ry&L 55°71. MSP&SSM cn 45’38 MSP&SSM cn 55 38 MK&T4sB'62... MKA&T4Ys'T MK & Tadj 5567, MK&TSs AS2. Mo Pac gn 4= 75 Mo Pac £l 55 A '66 MoPac b F '77.... Mo Pac5sG'18.... Mo Pac 5s H'80.... Mo Pac5sI'81.... Mo Pac 535 A 49 Mont Pow 5s '43 Mont Pwr s A '62. Mont Tr 1st rf 55'41 Mont Tram 5s '55. Montevideo 65 Mor&Co 13t 43333 )\\lt Dairy i!‘l ‘. Atl GuIf& WT by Aisatatin S 8W 5. Austrian 7 Austrian Bell Tel Pa ll B4 Bell Tell Pa 5s C'60 Berlin Cy El 65 '35. Berlin CEl §%s'51. Berlin C El 61:5'59. Ber mun ex §%s 50 Brazil ¢ *l Brasil ISCR'52. Brazil 8s'41. Bklyn Ed 5s A '49.. Bkiyn Elev 614s. 1 Bklyn Man 6s A '68 Buenos A R 65 °61.. \wsw-m 88757, Nw S Wll 5. sl. oLt 'u-umu-fl PESTT N v(‘emcbu ETH N Y Cent4n'98.... NYCrf4%s2013n N Y Crfon2013 N Y Centdb 6s°35 NYCLS3%s'98... 2y | NYC&SHL 43878, B 987 | NYC&SILS1%8A74. 16 NYC&StL 1st 83 '32180 N Y Edison 5s B'44 13 NYEdrf61s'41. 18 NY EL H&P ¢s'43. 12 NY NH&H 45 " 13 NY NH&H 4% NYNHAH It TS Bush T Bldg 58'60. Canada s '§0 Canada §s '52 Nat Ry 433857 Can Nat 55 '69 July Can Nor 4145 '35 Can Nor deb Can Pac 55 "4 Can Pac 55 '54 Cent Ga cn bs Cent 111 E&G 58 'H Cent Pac 1st 4x'49, 60 Cert-td db 5% s '¢8. Ches Corp &8 47.... C&Opgen 43592, C&O0 4148 493, C&O041sB'95, C&O0con5n'39. CB&Qgn 4s'58 CB&Q 111 dv 4543, Chi & Est 111 58'51. Chi Grt West 4#" Chi Ind&L gn 5n' Chi M&SIP 4 %s E. C M & StP gn 4x'89. CM&St P43 x'89.. C M StP&P 58 '75. . SM&StPaes i, W gn 33887 f‘hlt\wnu'u NY Telgn 4%8°39 12 NY W&B4%s8'46.. 6 Nia Sh Md 5%5'50. 16 . Norf Souref 55*61. 1 Nor & Wnen 43°%6. 1 North Am Ce 5 '$1. 25 Nor AmEdSsA'57 8 Nor Am Ed bs C'$9. 20 Nor AmE 5%s'63. 1 N Ger Lloyd 847, 11 NorOT&L6s'47.. 1 Nor Pacgn 3s 2047. 2 Nor Pac 4s R Nor Pac %3 2047.. 1 Nor Pacri8s2047. 13 Nor St Pw 55 A 41, 10 Nor St Pw $s B '41. Norway 55’83 Norway 6s 43 Orient Dev 5%» Pac G&E 55 '42 Pan Am Pet 6a 40 Chi&NW ¢15sC 37, F1 ';7, Paramount 68 '47. Chi & NW d¥s Paris-Ly M 7s '58.. 19 Penn sta 45 '48. Penn 4% s D"81 Penn cn 4% s '60 Penn gn 4345 Chi Un Sta 438" Chile 65" . Chile Cop db 55 °47. Chl Mtg Bk 638 °57 CinUnTrust 58 2020 Clev Term 4345 '77. Clev Term 58 B '73. Clev Ter 5%sA *72. Cologne 6158 '50. .. Colomb 6561 Jan. . Colomb 6s '§1 Oct... Colon Of1 65°38.. ... Colo & Sou 414 35 Col G&E 5a " Col Gask 1 3 81 Com Inves 5% Cons C Md rf & Con G NY 438°5 Con G NY 5%s "4 Consum Pow 5s * Covenhag 4 14u 52 B Penn gen s Penn 6155 '38. Penn P&L 4 %= 81, Pere M 1st 48 '56... 17 Pere Marq 4% Pere M 18t 58’6 Peru 6560 Phila Co 85 '67 Phila & Read Phillip Pet 5%5'39. 16 PCC&StL5sA'70.. 3 PCC&StL 58 B'T Poland 78 '47. Poland 85 '50. - TR T orore =t Pos Tel & C a5, . Prussia 8s '52 1 Read gnd%s A'97. 28 Rem Arms 63 A "37. 4 Rem R 5%sATww )l Sam Det Edison rt 5543, Deutsche Bk Rhine West 65°52.., 84 Rhine West 65°53.. 56 Rhine W 63’55 ww, 62 Rhine West 7s '50. Rich Oil Cal &: Rio de Jan 6148 Rio Gr W elt s RlAr&L!‘in'N Rome 616='52 Royal Dutch 45 '45. 18 SIL 1M RAG 4x'33 StL % StL&SFAks 2% 33 K In‘l::},&fi?‘lfl 0. 17 umei gHi S “w ee 4 4 . DEIS%s 53 Nov, Dutch East I 6s 47, El Salvador Erfecvds A 53, Erie gen 45’96 Erferef bs Erferef 5s'75.. Finland 7s'50. . Fisk Rub8s'41.. ., French Gov 78 '49. French Gv 73 Gelsenk'hen 6n'34. n Cable 348 Gen Motor: k) Gen St Cuh.u 4. a1y 19% 19 - e ESanm J Seab AL 65 A Serbs-Cr-81 7 Shell U O 5s"4dww. 18 Shinyetsu § Sinc O11 634 Sinc Ol Ta A ", Sine Cr 0 5 Sipe P L 584 8kelly Oi1 § Soissons ¢x 1 Sou Bell TAT 58 '11 2: German Rep GoodHopeS&I 7 Goodrich 6845, Goodyr Rub bs' Grand Trunk P T Hudson Coal §s 62, Hud & M rf 5 '57 Humble Oil 58 '37 111 Bell Tell 55°'56.. 6 e =1 8% 101 101X gou Ry Sou . 102 301% 102 Sou Ry 65’56 8% | ocond quarter resulted from the regu- 402 | goecial Dispateh to The Star. 50 9% 83 10% THE EVENING STAR, WASHINGTON, D. C., 1.5, STEEL STICKS | WEDNESDAY, Grain Mkét TOMORANPOLCY Pcer point since July 8 and about 5 mu a bushel above Speculative buying was Preferred-Stock Holders to|fuenced Get Regular Dividend Despite Deficit. mwrpoo Chicago. today BY CLAUDE A. JAGGER, Associated Press Pinancial Edttor. NEW YORK, July 27.—The iron will | 23; of the late J. B, Morgan that no holder Eoptemset of the preferred shares of the United, ATS— States Steel Corporation should ever q,m,m,,,, miss a dhidmd'rxcembu was heeded by a| K pared with only 1% on July 12. WHEA Low. week's low. rsistent, n- by continued unfavorable crop July contracts at Liverpooi 815 cents premium, com- later generation of | September ' directors of that | December huge corporation yesterday, despite the widest incur- sion into red ink in_its history. In the face of|gues s deficit of $2 452,173, after all charges, for the[ three-m on t h &' quarterly paymen of $1.75 per share of preferred 'mkl 3 3 ., aggregating Mrme C. Tarek | 36,304,010 W ordered, making a total deduction from surplus for the period of $26,757,092. But the directors issued & warning that in view of the huge draft upon surplus during the umprofitable opera- tions of the past several months, “it is apparent that jmprovement in the business and earnings must in the future determine dividend action on the preferred stock. ‘Wall Street recalled that it was six months ago that the directors ordered the last quarterly dividend on 4 common stock, with an admonition that continuance of common dividends must depend upon improvement in earnings. Three months ago the com- mon dividend was omitted. Losses Continued. Officlals of the corporation had noth- ing whatever to say as to the outlook for sufficient improvement to justify m-.-a-»-gm‘a%-?—-n- 54 TEEE 5 in thousands 4 Aluminum Co 55 '52 89'z Aluminum Ltd 55 '48 53 BONDS ON THE CURB DOMESTIC BONDS. 3 High. Low. Close T, C8ors 57% 232 2% iy S5 AE AT BRI NF & 4 L 28‘23’!!8‘-‘8! continuance of preferred disbursements. fes semcc 55 '66 ‘The unfavorable earnings for the sec- ond quarter occurred despite the fact, that wages were reduced 15 per cent, effective May 16, It had been estimated by steel experts that this should result in savings over the remainder of the year to the extent of more than the preferred dividend requirement. But a large part of the deficit for the 2 Cont, 13 Gomt lar writedowns the ’vflue do( the com- any's huge properties, and was essen- ?in iy :gokgrumu operation, not in- Volv‘lz actual cuh expense. There was an actual loss from operations of $3.- 362,736, but in addition the write-of for depletion, depreciation and obsoles- cence amounted to $9,872,733, or almost half of total deficit before p-ymmt of the preferred dividend. ‘Then there s an unusual item, a charge off of $5,887,160 reflecting over- head charges of the Lake Superior iron ore properties and Great Lakes trans- portation service, of which $4818,317 represented taxes alone, Ordinarily these mses have been charged against the value of the season’s pro- duction of ore, bu. in view of extreme curtailment of ore production this year it was considered a matter of good bookkeeping to make allowance for the cost of carrying the almost idle proper- ties. Preferred First Lien. It is owing to the foresight of Myron C. Taylor, now chairman of the board of directors, that of all security hold- ";eren'ofl stockholders have vir- tually first_lien upon earnings of the company. It was in mo that Mr. Taylor, then chairman of the Finance decided to retire the cor- poration’s huge funded debt. Bonds to the extent of approximately $270,000,000 were retired at the end of the year. There are still some subsidiary bonds , and a negligible amount the parent corporation, but only $1,329,584, in contrast to approx- mately '$4,500,000 in the like quarter of 1928. The total charge to surplu: for the quarter of in_contrast to a deduction 19,523,468 in. the previous quarter and $7617,856 in the like quarter of 1931, after payment of dividends in each case, including a common dividend of $1 in the like pe- 52w o -.,.-,.-.;;__.-_ OLEFT] seiiEiiesi 5g§§§ - g urplus after dends the sum of 833,457,892. The latest balance sheet, as of De- cember 81 last, showed that the corm Tation had approximately $150,000, cash and marketable profit and loss mplul ol u:l. pwi {5 e 1 evesriore e BEREET S siomners Sassossra vins 373! IEERIIReRIS o0 States Steel should not account to go under $1 —_————— BALTIMORE STOCKS. 000,000. §§§ Ef E2n ! S aat TS 3 3 2 8 3 ] Qorporation ......... tiantic Coast Line Conn 148 &m 43 Hln‘(-lclurrn o Cp 3d pid Casualty Co Amsterdum Cas o fiou 8 Fidelity & Guaranty 33,000 United Rwy & Blec 1at 45 - rhe-SSE5asesneanEEue mwsanS-abaSabbetlotes o Suaalbanun suaneSERawaS! 99 CLLEEM 2 it o £ 8 les. Nigh. Low. Cle 28 lb!'fl 102\1 102% N J 5846, st oil = o K StONNY 4%s"51. Sweden 5148 54 Swlu Bgm 46, Tenn E1 P 63 A '47. Tex & Ark 534850 Tex Corp cv 5r 44 Tex&P 18t 55 2000 Tex&P5sD'80. .. Third Av rf 4’60 Third Av 1st 58’3 Third Av adj 5= 60 Tob P NJ 61 032 14 | Tokio B3 - Tokio El Lt 65 '53. Un EIPSL ref 55'33 UE&P 15t 518 A'54 Un Pae 18t 48 '47.. Un Pac 4s'68.. Un Pac rf 4s 2008 Un Pac 4%5 61 8 87 s 2 Utd King 5753 1S Rubber 53 47 UnStW '8 AT, UnStW 88 A1, 1 | Ud St W 6%sC Uruguay 6s°60. Truguay 65 '64.... Utah P& L5844, . | Ut Pw 5559 ww Util Pow 5% VaRy Va Ry 1st 58 A ' %| Ve SW 1sten bs'58 ‘Wabash 418 Wabash 15t 5539, Warn Br Pic 6s ‘Warn Quin 6s'39 ‘Warren Bros 65'41. Warsaw 7553 . . T Eh 1st 45 2361 Rrw oo - Reorn a-.!!.m_- Wh Sew Mch Wil & Co 1st 65 o ‘Wis CentTm 45 '36. H SATSsA'I3. 3 60K 60K ;::::MTHIB‘".'\‘ 60% ”* B %o EH 28 4 n2od; g B o} 5 an P&L 63 O sin s 42 B ds 4 Ty cumum Fom Wz & E 55 A ‘38 Inen Fon 5les " Co 40 > & B g o BLECELIS SR EERE ELE R LI G ,?i??; gaqq’ 2hgomalt it >3 ity e L £ 2PN RRETEL TTN5INNSRE., m a0 iR ISITYRR TSI IR LS 1000 RART RIS, 7, g o Sl = Qo o’ 22, =uf s L L 210 20 Had ez {4 < SO Men; PhEighe 32 @y, 24 q £ e o i i 5 525252223 783358 2232383 22w 223 2 5 7 7 s3ez2e 2555 533 Ber of Tilin 4728 i 5 FeosegueesstessoIs Sugys £3585322823322% JTex Ut 8 A 81 n PLL 55 F '58 T POREIGN !OWS o e S SG2R = S5a38BEI2T3! R{ & FF FSREE S S ERRNE . SRR R ISR RRBEI LYY I FIEF *EF o T e R R JULY 27, 1982. FINANCIAL. SRR T . A—15 '"N. Y. CURB MARKET Received by Privale Wire Direct to The Star Office. Stock and Sale— Dividend Rate. Add 00. High. m Close. 3 3 3 Aluminum of Amer2050s 41% 17\ Alum Co Am pf (3) 200s 42 414 Alumn Goods(60c). 2 8% AlumnLtd cv pf(3). 2 28% Am Beverage. 8 B Am Cyamamid B. Am & For Pw war.. Am Founders .| Am Gas & El ¢ Am Invest B.. Am Laun Mch 120, 508 AmLt & Tr (2%).. Am Maracaibo. . Am Superpower... Am Sup'pwr 1st pf. Am Thread pf Arkansas Nat Gas. ArkansasNtGs A.. Ark Nat Gas cu ur Benef Ind Loan Blue Ridge Blue Rid Brt-A T c Brazil TL&P(b8 %) Buff N&E 1st pf(5). Burma Ltd rcts 4c.. Canadian Marcont.. Carib Syndicate. Carrier Corp. . Cent Pub Svc A Cent States Elec. . Chesebrough (16 l/.) Childs pf.. Cities Service. Cities Service pf. Cleve Tractor. 1 ColG & Eev l‘l (5) 708 Col Oil & Gas vte. . Comwlth Edis (5).. 9 Comwith & Sou war 17 Consol Copper Cons Gas Balt 2.60. Cons Gas Util A Cont Shares pf B. Cord Corp. Corroon & R Creole Petroleum Crocker Wheeler. Crowley Milner. Crown Cent Pete Crown Cork Intl A. Deere & Co. . Derby Oil & Refi Duke Pow (5). East G & Fuel Asso East Sta Pw pf B. .. Eisler Elec Corp. .. F1Bd & Share b§% 218 El Bd & Share pf 6. 5% 1% 814 .28 New York Cotton NEW YORK, July 27 (#).~Opening declines in cotton today were followed by moderate rallies as the trade con- tinued to absorb contracts, and selling pressure was checked by firmmess of grains and steadiness of the stock mar- ket. Reports of increased precipitation in some parts of the belt were said to have created expectations of increased .Boll weevil complaints and may have re- stricted pressure. October contracts sold up from 573 to 5.81, a net gain of 4 points, and at around 2 o'clock the gen- erul market was at about the best levels of the day, or 2 to 4 points net higher. The market became more active late in tke day and advanced on covering and the late strength in the stock market, futures closing firm, 13- 16 higher. October, 590a5.91; Decem- ber, 6.06; January, 6.14; March, 6.29; May, 6.45. Spot, quiet; middling, 5.95. Righ. Qctober . 31 December 80 Januery . 1 March May Washington Produc Butter—One-pound {22; 82 leare, 21; stan score, 21; ts, 93 score, rds, 20; tub, 9. 2 score, 20; standards, 19. aled, Government graded, extras, 24;; standards, 20%;; mediums; 20; hennery, 16a16%s; cumnt receipts, 13a14; Western, fresh, 14al6. ; toms, broil- ; Pl th Rocks, 2% pounds W ang T und.s md under, umu 6a18. Ments—Beel, 15; veal, 10; lamb, 14; pork loins, 14; fresh hams, 12; l-oked hnmdlc strip bacon, 16; hM. ; com- poun Live stock—Hogs, light, 4.5085.00; me- dium, 4.50a5.00; vy, 4.00a4.75; ? 4.50a5.00; roughs, 2.25a3.25; cal 3.00a5.50; lambs, 4.0025.50. Pruits—Watermelons, loupes, 1.00a1.75; honeydews, 1.75a2. honeyballs, 3.5084.00; , box noc( 2.00; ’rnmpnrenu I oo peaches, '50:3511 pears, 3. Malegas, orlnm. 3.008 .0028.00; limee, per 100, baninas, 1.2502.00 eapples, ;?g huckleberries, 4.00; ickberries, Vegetables—Potatoes, per barrel, 1.75a 2.00; sweets, per bushel, 50a75; _tomatoes homegrown, 2-peck baskets, 75; string beans, 1.00; limas, 1.5022.50; peas, 2.25 a2.50; okra, 2-peck baskets, 1.00; onions, 50-pound sacks, 75; cabbage, 7581.00; spinach, 1.00a1.25; New Zealand, 50: kale, 50; lettuce, lubm, 3.0083.50; New York, crates, 75a1.00; okra, peck baskets, 1.50: -cucumbers, 1.00; beets, per 100 bunu\q 2.50; carrots, gu &0 aske CHICAGO STOCK MARKET CHICAGO, July 27 (#)—Following is the complete official list of transactions |in stocks on the Chicago Stock change today: Sales. . B Abbot Lap Core 100 Acme St o | 2300 Bo: H.'c‘;l!‘u.m Kooy i Stocx and _ Sale— e Dividend Rate.~ A6d 00. High™ Low. Close. E1Bd&Sharepts. b5 25k 22 25% Elec Pwr Asso($0c) 1 €% 4% 4% Elec Pwr As(A)S0c 6 % "~ ElcP&Lopwar.. 2 2 2 Ea P L2 385E4 10e 10 10% 3 Emp nmmerpt 505 17 17 1008 22% General Aviation. Gen G&Ecv pfB hé. 150s 5% Georgla Pw pf (). 100s 50 Goldfield Consol 5 Goldman Sachs. Grt A&PT n-v 1 Gult Ofl of Pa Hecla Mining Holling Gold 170¢ Hudson Bay Min. . Humble Oil (2). Hygrade Food MP&Lpt(8). Imp Ofl of Can 5bc. Ind Pipe Line k35c. Ind Terr Tl Of Insull Inv. Ins Co N Am (l) Int Petrol (1)..... Interstate Equities. Interstate Eq cv p! Italian Superpw A.. Kress SH sp pt 60c. Lehigh C & N 80c. . Leonard Ofl.... Lone Star G béde. LongILcempt B Mavis Bottling A. Mid Sta Pet vtc A Midl West Utiliti Mountain Prod 80c. t Aviation. Bnnrnrvice. . PO T FNNINS B 00 bt it Dt B CURB CLOSES DAY AT BEST FIGURES Some Leaders Hit New Tops for Present Period of Recovery. BY JOHN A, ORONE. Special Dispatch to The Star. NEW YORK, July 27.—The Curb Ex- | change finished at virtuslly the best levels of the session today. When offerings failed to increase as prices receded at midday, an accumu- lation of buying orders trickled into the market and lifted some of the leaders to new high prices on the cur- rent recovery. Electric Bond & Share was up nearly a point at the close. American Gas & Electric advanced weil over 2 points. The spurt n wheat quotations re- versed the early down trend of Deere & Co. MYotxPom&L.ht’lrr cmt prnm-red at one time was up er came out in & uerlnn Suj lot of 35000 shares at 17 and then headed upward. Hudson Bay Mining turned active in the last hour. Wool- worth, Ltd., and Brazilian Traction be- latedly reflected strength in Londen. Standard Oil of Jndiana duplicated its previous high. ' Strength in public utility _issues, especially senior shares; steadiness in the olls, irregularity in food shares and the appearance of many inactive securi- ties featured the forenoon session. Consolidated Gas of Baltimore, Illi- nois Power & Light 6 per cent pre- 58% | ferred and Empire Gas & Fuel 3 per Nat Sugar N J (2). at Transit (1).... § w Eng Pw pf (§) 3908 3 w Jersey Zine 2., cent preferred were the chief gainers. Lesser advances were registered by Buf- falo, Nhsln & Eastern first preferred, Electric nd & Share 6 per cent pre- ferred and Pennsylvania Water & Power. These movements took place ¢ | before publication of the weekly electric Niag Sh Md Bb5% . Niles-Bement-Pond 3 North Ind P S pf 7. 1008 Ohio Brass B (2).. 25s Ofistocks Ltd...... 108 Pac G&El 1st pf 1% Pacific West Ofl. . . Paramount Motors, Parke Davfs $1.30 Penroad Corp Penn Gas & E! Penn Mex Fu(ks0c) Penn W & Pw (3).. Pepperell (1). Pilot Radio Tube A. Pioneer Gold (12¢). Pitts Plate Gl (1).. Plymouth Oil k50c . Prudential Inv. .... Pub Util Hd x w. Pub Util HMd ¢ pf. Pure Ofl pf (8). S - LT PP §-a-.~ . X Royal Typewriter.. St Regis Paper. Seeman Bros (3). Segal Lock & Hrd. . Select Indus (new) Sel Ind all efs(51%) Shattuck Den Min.. Smith (A 0) . ‘South Penn Oil (1). 11 SouCalBdpfC1% 1 Southern P L(1.40). 1 Southland Roy 20c. 10 1 . DEPUREE PO Sun Investing pf. Swift&Co (1)... Swift Intl (11). Syracuse W Mch B. Tampa Elec 2.24 Technicolor Tech Hughes (6 Trans Air Trans. Trans Lux DL P 8. Un Gasof Canada.. United Corp war. .. United Founders. United Ga United Gas wa United Gas pf (7).. Unit Lt&Pwr (A).. Unit Lt & Pwr pf.. U'S Flec Pwr ww. U S & Intl 1st pf U S Lines pf. Utica G & E pf (7). UtIP&Lt. .. Util Pwr&Lt pf. Util&Industrial pf. Vick Finane (30¢). Wenden Copper. Williams (R C) Wool Ltd k25 1-5e.. ‘Wright Harg(f15¢c) 2 Dividend rates in hlllrl based en Xll! ‘ 3 nd. 93!“) ‘l’l - . l?tlh :h‘ 'I‘“ig lus 4% In \!06‘ B iAd] ‘ ‘I‘I lllx fi“ iR Sock: TPl 2% i stork s 10% .'.'fi ‘ h n stock n‘m. 10% m o regular rate. com BT Hrnnam panmnsae Io | of output, which was down 13.1 per cent fmm the corresponding week of 1931. the precedin g week electricity con- nxmpuan was off 13.9 per cent. Pittsburgh Plate Glass responded fractionally to the rise in June plate glass output. Deere & Co., eased des- plte the declaration of the lar 10- gont guarterly preferred dividedd. Na- tonal Refining t o &’:{'S& ‘whose dm:wn m the usual dividend August 9, open 1 A point. lmt declines in Qunler 01 shares price reductions on some of the eompuny‘s 1ts. h Manufacturing stood out T, s & pol oil allemm(eg the favorable §-months earn- report made public today, Pute preferred firmed. A‘l'l SERVICE SINCE 1908 First Mortgage Notes Maximum Safety and Yield From mm BNTERPRISE SERIAL BUILDING ASSOCIATION 7th and Indiana Ave. NeW. LOANS On Improved District of Co- lumbia Real Estate Security 68th Series of stock now open for iption James B. Connelly, James F. Shea, President Secretary Money on Hand to Loan en First Deed of Trust 6% Interest Reasonable Commission and Prompt Replies to Applications JAMES F. SHEA 643 Indiana Ave. N.W. First Mortgage Loans Lowest Rates of Interest and Commissien Thomas J. Fisher & Company, Ine. BAR SILVER EASIER. ' NEW YORK, July 27 (#).—Bar silver easier and i lower at 26%. Organized 1879 '] SAVE A Small Amount Each Pay-Day.. . Por while raing power lum ive. W n"‘fl‘" , Srisieally “‘ “ ' o u- Te- '14... Open Daily, 9 to § Saturdays Until PERMANE‘IT IIIII.DINO AliOCIATION S, 949-974 ST, N. unl YEAR COMPLETED Equitable Co-Operative Bldg. Ass'n JOHN JOY EDSON, President WALTER 8. PRATT, Jr, Secretary ..96,237,762.31 Mmfulh 103rd Issue of Stock Being Received FINANCIAL SUCCESS THROUGH SYSTEMATIC SAVING i $¢).50° Per Share lesson Those who have learned the of systematic saving are always prepared for every emer- gency. save something each pay day. Join the Equitable and 915 F St.