Evening Star Newspaper, June 16, 1933, Page 15

FINANCIAL BUT REACTIONARY U.S. Government List Ranges ¢ From Steady to Firm. Foreigns Advance. BY JOHN A. CRONE. @pecial Dispatch to The Star. NEW YORK, June 16—Bonds were active but generally reactionary today. United States Governments ranged from | steady to firm, though they were nearly twice as active as in the preceding ses- | sion. ] In the foreign list new highs on the present move were attained by French 78 and 7‘# with strength in German 5%s and s Kingdom loans. Second-grade rails were in fairly sharp contrast with gilt-edged carriers, as the former turned over in increasing | volume on the downside while the latter | gfln \Zwlrd Late selling of rails ‘Thursday’s session influenced fore- noon movements today. Rail News Plentiful. and hardening of United | S ON N. Y. STOCK EXCHANGE Received by Private Wire Direct to The Star Office. blh w.nz -4T. s 32- ' % Lm uh 4% 33-38 Sales. Hin Abitibi PAP 5s°53. 16 20% Ab & St5%s 43 2 92 Alleghany 68’44, | Alleghany 5s°49. | Alleghany 6s '50. Allis-Chaim 5837 Am Beet Sug 6s'35. Am F P 58 2030.... AmeUns%-'w. Am Int] 5%s 49, . Am Metal 51s” | Am Sm&Ref 58 47. | Am Sug Ref 65°37. | Am T&T 435 °39.. | Am T&T o tr b5 '46. Am T&T deb 53 '60. | Am T&T deb 55 '65. | Am T&T 5%s 43, Am Wat Wks 6s'34 |Am W W& E 6575 Am Wr Pap 6547, Antioquia 7845 Certainly the rail bonds did not lack | Argentine 5%s for news, as numerous executives :&m-i men their respective proj les. et W ?thn Ba‘}tl:m & | Argentine 6s A President Willard sail Argentine 6s " Argentine 6s ‘59 O¢ Ohio loadings for the last three weeks | Argentine 6s ran ahead of those of a year ago (cr the first time in four years. Pelley stated New Haven's freight traffic s up about 8 per cent. Illinois Central reported April net loss of $264,105 inst 3563 145 for the same month ar ago. !.walre & Hudson 53s moved lower at the opening, as the company reports net loss of $635505 for April against $87,624 in the same month last year. Reading was another road whose April income was off considerably, net being $79,624 against $327,381 in that month in 1932. Speculative communications were most in demand in the utilities in the first hour. Postal Telegraph 5s 721;. tad | up about 3 points on official ments about the increase in traffic, though its first quarter statement regis- tered a net loss of $766,833 against a met loss of $196,432 in the same period of last year. Oil and Steel Issues Off. International Telephone convertible 41%s likewise were bid up on present traffic rather than first quarter per- formance, which displayed a net loss of $854,251 against a net income of $680,184 in the first three months of 1982, Gllt-edged rails were inclined to ig- nore past earning performances. Atchi- son eral 4s opened higher despite the fact that the road showed a net Joss in April of $5657,438 against $32,153 in the same month last year. The early rise in German loans re- sulted from the signing of a standstill short-term credit agreement in Lon- don _today. Armmd midday petroleum and steel hsnes-enthemrtspoulnlhem dustrial lst. Houston Oil 5%s and Texas Co. 55, as well as Standard Ofl of New Jersey 58, were a shade lower. In the steel classification Bethlehem Steel refunding 5s, National Steel 5s, and Youngtown's Sheet & Tube 3s, both A and B series, receded. There was no trade news to account for the easiness of thue high-grade and ‘medium-grade issues. The decline in speculative bonds con- tinued into the afternoon, when second and third grade rails were weak. In- dustrial debentures again took their cue from the trend of their respective con- vertible shares. Even some of the high- grade issues, such as rails and utilities, moved lower. (Copyright, 1938.) NEW YORK EGG PRICES. NEW YORK, June 16 () —Eggs, 17,084 cases; steady. Mixed colors un- changed. —_— NEW YORK BANK STOCKS NEW YORK, June 16 (#).—Over- the-counter market: Quotations as of 2 e'clock. BANKS. Bk Manhattan (2) . Chase ’ President | Atchison gn At1C Leol 48'52. . AtICLun 4%s’'64. Atl Gult&WI 58'59. Atl Ref b 5s'37. Australia 4 Australia 55 Austrian 7s 43, Austrian 78 '57. 11 106% . 10 85% 12 33 5 32% 12 48 .12 39% 15 96% 9 94 31 11 8 Bell Tel Pa 58 cao Benef Loan . Berlin Cy Berlin 6%s '50. Berlin CEl curu Beth 811 pm b8 u. Beth StIrf 5342, 7 Bolivia 8s '4 Bordeaux 6s ‘34 Bos & Me 4% s BrasiiCR 78 '52... | Brazil § Bklyn Man 6s A 8 Bklyn UnGas 55'45, Bklyn UnGas 58°57. Budapest 6s'63.... Buff Gen El 434581 BR& Pitts 438 '57 Bush Ter con 55°55. | Bush T Bldg 58'60. Callf Packing 5540 Can Pac 438 °60. .., Can Pac 58 "44 ctf: Zan Pac s ‘54 Car Clin & O 63 '52. Cent (1] E&G 6s'51. § Cent Pac 1st 48'49. 17 Cent Pac 68 60.... 7 | Cen Ry NJ gn 6587 7 Cert-td db 5% s "43. Il Chemical (1.8 Continental 4“1 20)"xd Empire Guaranty (20) Trving (1) Manufacturers ) i Uhited States (60 *Including extr INVESTMENT TRUSTS NEW YORK, June 16 (#).—Over-the- counter market: (Quotations s of 3:30 o'clock) Chi Ind&L gn 65'66 C M & StP gn 45'89. Ch! M & StP 4%s C Chi M&StP 4%s C M&StP 4% 89. 1 C M StP&P 68°75.. 285 CM&StP ad 5s 2000 468 | ChI&NW gn 3% 5’87 4 Chi & NW gn 45'87. 4 | Chi&NW 4%s2037 33 Chi&NW 41%8C'37. 23 Chi1 & NW 4%s 19 166 Chi&NW rf 58 21 5 ‘uu &NW 6%s" n A Pund Tr Bhrs B. Incorp Investors ... Mass Invest Tr Nation-Wide Sec vic . . N Y Bk Tr S : Spence: Super of Am Tr A Super of Am Tr AA Buper of Am Tr B Super of Am Tr BB fos “vis Wochinntgn ©*~»t Exchange SALES, Mergenthaler Linotype—1 at 31 AFTER CALL. Anacostia & Potomac Railroad 1st 58— $1,000 at 43 : Potomac Elect rlc 6% pfd.—4 at 1101, Bid and Asked Prices. BONDS. PUBLIC UTILITY. & Tel. 4'%s '3 “Tel. & Tel. ctl. tr. ABconis & Foi KR ¢ Anl & Poi. Guar. bs & P. Tei ot Va. 55 c.pu-l Traction RR. 5 Bid Asked . 1Con P Jap 6% Chi Rwys 55°27 2 Chi UnSt5s 44... C& W Ind5%s'62. | Childs deb 58°43... | Chile 65 '60. . | Chile 65 °61. . | Chie 6361 Jan ! Chile 65 61 Sept. Chile 636 | Chile 663 | Chile 2 e Mt BK 6361 “hi Mtg Bk o%'61. Cin Un Trm bs 20 CCC&St L 4 %sE'TT | CCC & St L 55 D'63 Clev Term 433 17. Clev Term 58 B Clev Ter 54 sA" 1: Colugne 638 '50. .. Colomb 6361 Jan. Colomb 63 61 Oct.. Colon 011 65 38.... Col G&E 63 '62 May Col Gas & E 55 '61 Com Inves 5%s'49. Cons C Md rf 58 ‘50 Con G NY 4%8 51 Con Gas N Y 63 '57. Con G NY 6348 '45. '50. Con Pow Jap 7s "44 Consum Pow s '52 *[Cubab5%s45...... { Cuba R R 1st 58’52 “|Cuba R R 6836 ma Con ac Elec iz 1965, Washineton Gas & Washington Gas MISCELLANEOUS. Barber & Ross, Inc Chevy Chase Club 55 P& Sibrage b Wash.' Cons. Title 6s..... STOCKS PUBLIC UTILITY. fi‘%_j‘z g & S MISCELLANEOUS . Bromo-Selz. . .2 Cuba RR rf 73536 Cuba Nor 5%s '43. Del&Hud ref 4s 43 Del & Hud 6%s '37. Del Pw&Lt4¥%s'71. Denmark 4% '62. Denmark 6s ‘42 D& R Gren4s 36, D&RG W 6855, D&RG W 5878, Det Ed 4%s D 61 Det £dison rf 6s'¢9 Det Edison 68 '52. Det Edison 6s ‘5. Dodge Bros 6s '40. Donner Stl 7s '42. . Duguesned % sA’'67 Duquesnes % sB'67 Dutch East 1 ¢s'63. UNITED !TATE& 'M-hhr( '56. Flat deb 7s | Finland 6% Finland 6%s Finiand 78 50. Fisk Rub 8s '41 Fla E Coast 58 Fram Ind 7% French Gv 7s French Gv 73, Gen Baking 5%540 Gen Cable 5%s '¢7. Ger Cen Bk 6s ‘60 O Ger Cen Bk 75 '50. . Ger Gen Elec 6; Ger Gov 53%s v German 6%850. .. German Rep 78 '49. Goodrich 68 45 Goadrich 6% Grand Trunk 683 Grand Trunk 7s'40. Gt Brit&Ir 6%s '37 120 Grt Nor 4%s D '76. Grt Nor 4%sE'77. Cirt Nor 5s C'73... (rt Nor 5%s B '52. Grt Nor gn 75°'36. . Haltl 6352 Hudson Coal Hud & M adj Hud & M rf 53 '57.. Humble Ofl 5537 . 111 Bell Tell 53 '56. . 111 Cent ct tr 48 '5: 111 Cent cl tr 4s ‘53. Int Rap Tr s Int Cement 55 48 . Int & Gt Nor 6s'52. Int & Gt NaJj 68°52. Int Hydro El 6s "44. Int Mer Mar 6s°41. Int Pap ref 6s A'47. Int Pap 6s'55 Int Ry C A 5s IntT&T 4% IntT&T 4%s°63.. 68 "Nt T & T 5356 Ttaly 7s '51. Italy Pub 7s'§2 Japanese 6% Japanese 638 '5é Kan CF S&M 4 Kan C P&L 4% Kan City Sou 38°50. Kan City Sou 55'50 Kan City Karstadt 6s '43 Kresge Found 6 Lack Stl 5s A '50. . Laclede Gas 6s '34. kel 3% Lautaro Nit 6s '54. Leh Valcn 452003, Vend 003 La & Ark 5 LouG & EI L &N unf 4s°'40. L&NC“IC!OOI. L &N 58 B 2003, McKes& R '%l‘fio 110 Manhat Ry cn 48’90 8 Market St 75 A 40, Marsef]le §s°34.... Mex 43 ast 1910-45. Midvale Stl 5536 Milan 6%l M1l E Ry&L b: Mil E Ry&L 6. Mo Pac5%s A 4. . Mobile-Ohi i '3 Mont Pow Mor&Co 1st un 39 Nassau Hlec 4s ‘51, Nat Dairy 6% s'43. . Nat Steel 68 '66. ... NEng T 1st 6s '§3. N J Power §s'60. Nw S Wales 5 NYCASLL 18t 6532 N 'Y Edison b8 B'¢4 N Y Edison 58 C'51. NYEdrf 6%s" NY EL H&P 63 °48. NY NH&H 3%s'54 N Y Steam 68 '6 N Y Tel gen 4 NY W&B 4% Nia Sh Md 6%, Nord 6%s ‘60 Norf Sou rf b8 North Am Co bs' Nor Am Ed 68 A'57 Nor Am Ed 68 C'69. Nor Pac gn 38 20‘1 Nor Pac 4391, ... Nor Pacr16s 2047, NorOT&L 5. Nor St Pwss A Norway 5s'63. Norway 5% '66. . Norway 6s'43..... Norway 6 . Norway 6s°'52. | Orer-Wash 4s Ortent Dev § Orient Dev Pac GRE bs 42 Pac T&T 1at 55'37. Pac T&T rf 63 °63.. Pan Am Pet 6s 40. Paramount 63 '47. . Param-Pub 6% %50 Pathe Exch 78 '37.. Penn sta 4s 48.. 841 Penn 48 D ‘81 1005 Penn en 4348 '60. 19 Penn gn 4348 '65. 5% Penn 435 D 70 13‘_5.‘; Penn 4%s '63 1054 Penn 58 By Penn ge e Penn 63336 Penn O&D 4% Penn P&L 43531, Peop Gas ref meor & E 1st Peor & E inc 43 Pere Marq 4%s " | Pere M 1st 6a Peru Peru Peru 7859 Phila Co 68 Phila Ele Phila & Read Philipptne R Phiilip et 5 Pillsh F M 63'43. .. Pirellf Ts '52. PCC&StLEsA10 PCC&StL 68 B 75. » an-aBonuas om B e wrmRemanean Bl areZamen~Beanme s - 41% 554 104% 105% 66 58 53% 87 57 93 90% 62% G! QM 47 124% % 101% 100% 92% T9% 824 100% 103% | 6014 394 Al%l ! showing 10 to 15 cents decline. Bales. High 101% 101 ki Low. Close. 101% 101% 100% 101 Pure Ofl 6%s 40 Queensland Ts'41.. Radio-K-Or 63 *41 Read 4%8 A 97 Read Jer Cn 4s Rem Arms Rem R 5% Rhinelbe U 7s Rhine Ruhr 6s Rhine West s '52. Rhine West €s '65. . Rhine West 75 '50. Royal Duteh 48°45. Rome 6%’ Rumania 7 StL IM R&G 4 StL&SF 4s A '50 StL&SF 44818, StL SF 4% #'T8ct st St L&SF 63 B '60. . StP&KCSL 4% 5'41 St PAJn Dep 58 °72. San A& A P 4543, Sao Paulo 78 '40. Sao Paulo 853! Sao Paulo 85 '5! Saxon P W 6% Seab A L rf 4s'59. Seab A L adj 55'49 Seab A L 634 4 Shell U Of Shell UO 5 Shinyetsu 6%s '53. Silesia Prov 7s '58. Sinc Oil 6%s B 38, Sinc Ol 78 A "37... Sinc P L 5s ‘42 Skelly Ofl 5%s°39. Soissons 6s‘36. ... Solvay Am 5s'42. . Sou Bell T&T 55’41 Sou Pac col 4: Sou Pac rf Sou Pac 4%s Sou P&Or 4% Sou Ry gn 4sA’56.. Sou Ry 5s ‘94 Sou R gn 6s Sou Ry 6%s SW Bell T 55 A '54. St O1l N J 684! StOIINY 4 Tenn W1 P és A Ter As St L 4s *5i Tex & Ark 51 Tex Corp cv Tex & Pac 58 Third Av rf 4 Tob P NJ 6% 202 Toho El Pw 78 '66.. Tokio 6% 6 Tokio El Lt 686 Union El L&P 5857 UB&P 15t 6% 8A'54 Un Pac 1st 48 '47 Un Pac 4s 68 E Un Pac rf 45 2008.. Un Pac 4%s '67. Un P 1st rf 68 2008. United Drug 65 '53. U 8 Rubber 55 '47.. Un St W 6%s A'51. Uruguay 6s 60 Uruguay 6s ‘64 P &L 6 Utll Pw 5359 w Utll Pow 5%s "47.. Vanadium St 6#'¢1. Va Ry 1st 6s A "62. Va Ry & Pw 63 '34. Va SW 1st cn 58’58 Wabash 58 B'76. . Wabash 58 D '80 Webash 5%8 76 Walworth 6s A 45. Walworth6%s'35w Warn Br Pic 6s°39. Warn Quin 6s "39. . Warren Br Warsaw 75 Wes: Sh 1st 432361 West El db b5 '44. West Md 18t 4s '52. West Md 6%s"77.. West Unel tr 6s ‘38 West Union 6s '51. West Union Wh Sew Mch 68’40, Wick Sp cn et 78'35 Wil-O 1st 6348 '33. Wil & Co 1st 85 '41. Wis Cent Tm ¢s'36. Yokohama Ygstn S&T Ygstn S8T New York Cotton Spectal Dispatch to The Star. NEW YORK, June 16.—Cotton prices steadied today and, in sympathy with a recovery in stocks, regained a quarter of a cent and closed at 19 to 28 points | higher than yesterday. Reports from Wfishxngmn that the Secretary of Ag- riculture would make an announcement this afternoon regarding the processing tax brought in coverings and closed the market at the top. Spots were advanced 30 points to 9.25. July .. Qctober’ 5 9 .16 December . 9 i 51 January 8 March May Chicago Grain By the Assoclated Press. CHICAGO, June 16.—With the Secre- tary of Agriculture expected to explicitly announce late today his process tax | plans, wheat encountered heavy selling and prices underwent material breaks. The wheat market fell at one stage to more than 5 cents below the top figures of Tuesday, when the season'’s highest price level was reached. Reports about stabilization of foreign exchange were generally construed as bearish regarding wheat. Wheat closed unsteady, % to 1% under yesterday’s finish; corn 7 to 1% down, oats 14 to % off and provisions | WHEAT— July 5 September December September cember OATS— July Ao September December RYE— July September December NEW YORK, June 16 (4#).—Call money steady; 1 per cent all day. Time loans steady; 60-90 days, 1; 4 months, 1 to 114: 5-6 months, 1 to 1% per cent. Prime commercial paper, 1%. Bankers' acceptances unchanged. METAL MARKET. NEW YORK, June 18 (P).—Copper quiet; electrolytic, spot and future, 8.' Tin barely steady; spot and nearby, 43.12; future, 43.37. Iron quiet, un- changed. Lead steady; spot, New York, ' 4.20; East St.Louis, 4.05. Zinc barely steady; East St. Louis, spot and future, {every store must arrive at its own D. C. Markets at a Glance By the Associated Press. NEW YORK; June 16.—Stocks firm; rally follows early nervousness. Bonds irregular; industrials heavy. Curb ir- regular; trend shifts frequently. Forelgn exchanges firm; sterling rallies. Cotton higher; firm stock market; higher cables. Sugar steady; commission house buying. Coffee lower; European selling. CHICAGO.—Wheat lower; process tax unsettling. Corn weak; selling by spreaders. Oattle steady, slow clean-up trade. Hogs, 10-15 higher; top, 4.75. | Dollar Makers ' BY GEORGE T. EAGER. An experienced business man recently made a_study of the way that retail | stores, both large and small, . He discovered that too many judged ad- vertising results| solely on the basis of sales produced | the next day and failed to take into account the value of the new cus- tomers brought in. For a new cus- tomer making even a small purchase may be for many dollars of purchases by the end of the year. He found that only mail order houses had a definite idea of what they could afford to spend to add & new name to their books and were willing to spend $10 to secure a new customer. Continuing his study he found that average active customers were estimated to be good for the following yearly purchases: Department stores, $362; women's ready-to-wear stores, $236; furniture stores, $87; men’s furnishings, $85; shoe stores, $35 to $60, depending on the size of the family. Of course, with varying conditions estimates. But only by such estimates can advertising plans and expenditures be intelligently made. (Copyright, 1933, by the Bell Syndicate. Inc.) Bond Offerings Double. NEW_YORK, June 16 (#).—New bond offerings formally offered in the New York market this week totaled $14,675,700 against $6,735,000 last week and $25,380,983 a year a0 CHICAGO STOCK MARKET CHICAGO, June 16 (#).—Following is the complete official list of transactions in stocks on the Chicago Stock Ex- High. Low. Close. S 3 22% 5 SBecs = 40 Am 1930 Asbestos Mix Tel Ut.. 7000 Bastjan- Bless 43 ndix A PRI L 9 “SooncShan » . HEaSmoRRaE D o eoRuolig FESEESE § RFEEE o woSeaisson SERcasnlambmkasoatnond Y » o EEOMEER FE OF SRRSE SRR . IEFE RS E o e & 400 Gt Lakes D: 4750 Greyround . 14300 Grigsby-Grun 200 Hall Print FESE X s iy 8900 Marsh Fi 100 McWill Dreds 200 Meadows Mt 300 Merch & Mirs A 2000 Mickewerrs s #d 800 Mid West_ Util. 200 Midland Unit 300 Modine .. s EERaro o am e t Le 400 Nat Serv 200 Nat-Stand 700 Noblitt-Sparks 2 © Bieloalnun winm on 20 FEFFE FEESFEF ffi#ffl* FIEFE » w EeReleatione warm R FEE ESRRRFSFSSAF 450 01D 230 Publie sve m 40 Pub Svec 6o uaker Oafs. . ™ EBaw Ele 1022 Bral-nS, Bk = = i 100 Rath Pack. . 500 Raytheon vic 4550 Rellance Mig 200 Ryerson . & o e a3 w29 32 ESal-CS8Ra] Fe 20 0 Std Zarls 1170 Studebaker Mail 450 Storkline Purn pf 840 gtudzblker ‘Mal] 1900 Maid . '3("1 it $e™® 250 Thempson 190 Unite e 108 Gy a8 a8 a8 | | turnips, per 100 bunches, 3.00a4.00; let- 1700 Walgreen . 100 Zenith Rad . BONDS. 2000 Ohle Rye Bs 27, 2000 Chi Rys bs Bond sales wa-y—sd 000. IAL'I‘IMOB! !TOCK!. Special Dispatch to The Star. BALTIMORE, June 16.— Sales. BTOCKS. Last sales. o 110 Arundel Corporation. 430 Black 3 G % P Tl Balio. pid. 10 Commercial Cred. 6Ys T 204 Consolidated Gas oom. . 5 Con um. pfd D, : Gas 87o cum Dl B 30 Bty & Deponit ker com 38 10 aryland Gasuaity Go~ - 15 Merchants & Miners Fran 3 B0 Mt Ver. Wo'dberry Mills 2305 New ‘Amsterdam Co 290 U 8. Fidelity & cu.nm P20 Western e iy pid 2000 United Rwy, & Eiec. 18t 4 Market Averages By the Associated Press. STOCKS. 50 20 20 Xndus Ralls. Ulfl Tflltl Today X Prevkaua day. Week ago Month ago Year aj 3 years ago. 6 year: T EEsEsEnassE \ 2 4.30. Antimony, spot, 7.00. Central Profit Foreseen. NEW YORK, June 16 (#).—President F. E. Willlamson of the New York Cen- | tral said yesterday that continuation of | present trends would give the road a 933888 SSmSiome SASREIN ezl e .t FRIDAY, JUN | above 9a20; Legl , | colored, 10a11; Leghorns, 8a9; capons, Cooaite 41 50a75; corn, North Carolina, 50al1.25; London, Paris, frang Brussels, | Berlin. mark Athens, drachma’ drid, peseta 3 S I Montrea NE 16, 1933. FINANCIAL. NEW YORK STOCK EXCHANGE Received by Private Wire Direct fo The Star Office. ~Prev. High. 3] 11 Stock and . Dividend Rate. Wilcox Oil & Gas. % Wilson & Co. .. 22 4 Wiison & Co (A) 69% 19 Wilson & Co pf 44% 25% Woolworth (2.40)... 37 8 Worthington Pump. . 504 _34% Wrigley (Wm) (3).. 7 2% Yeliow Truck. 17% 3% Young Spr & Wir 32% 74 Younsstown Sh&T - % % Zenith Radlo.... wet. | prev. 1033~ . 1.:- Close. Chge. | High. ™ lh Zonite Products..... 26 Stock Divid Today's Sales Add 00. Hgn. 64 and end Rate. Low. Clove. Shea 5% 6 hts. 2% 2% AmCom Al. July 6 180 2% 2 % - % Sales of Stocks on New 'fl_m 11:00 AM.. | payments —1% | % in_stock. sOni of mdm- stock. ible in cash tock. {n°SDecia) oreferred siock ' Fevable tn werie ‘B «+ 1,80,0000 ++ 3,650.000 - he"lates: auarierly, ae n-lt-nn id last 3,040,000 4,650,000 annual cash declarations, year—no resula: ale Jess than 100 snares. "Partly ‘nunx g us 5 given in the above table CORPORATION REPORTS % TRENDS AND PROSPECTS OF LEADING ORGANIZATIONS. By the Associated Press. NEW YORK, June 16.—Following is today's summary of corporation news | prepared by Standard Statistics Co., Inc, New York, for the Associated Press. ‘Walworth Co.—Tonnage of orders re- ceived during May was 60 per cent of | present rate production, compared with | 25 per cent during first four months of i 1933, 29 per cent for year of 1932 and 47 per gent for 1931. Copeland Products, Inc., June sales | reported running substantiaily ahead of | a year ago. immons Co. advanced prices on all | lines 5 per cent, the second advance within two weeks; on June 1 company advanced prices on ‘“non-resale prod- uets” 10 per cent. Federal Mining & Smelting Co. deficit before depreciation and depletion, six months ended April 30, $148,761 vs. deficit $237,006; company realized a nominal profit in April, the first in & long time; May is believed to have shown & marked improvement over April. Tidewater Oil Co. advanced price of crude oll in Conroe Field, Texas, 15 cents a barrel to 45 cents. McCrory Stores Corporation—Interest due June 15 was not paid on that date on company's 5% per cent debentures, Radio Corporation of America—8Sub- sidiaries reduced prices on 13 types of radio tubes 10 cents to 30 cents each. Mohaswk Carpet Mills marked up i ces r cent, Pfl p‘lnwmouve ‘Works—Consoli- | d.lbed unfilled orders as of May 31 totaled $2,640,000 against $2,627,000 on | lnuuy 1, 1933. nlt.er adjustments; | d $732,000 against | M73 000 in )lly. "32 Chesapeake & Ohlo Railway.—Presi- dent said net of company showed some increase in May and that dividend re- | quirements for that month were covered. Southern Railway deficit, four months ended April 30, 32,274,453 against defl. cltq‘l;l;ls,90! R i uett, Peabody ., Inc.—May dollar sales 20 per cent ahead of like 1932 month, Pepmdl Manufacturing Co.—Com- gn is installing rayon machinery in 1 River plant. Telegraph & Cable Corpor: —Deflclt March quarter $766,833 | vs. deficit $196,433; revenues in 10| weeks ended May 31 were 11 per cent those of the 10 weeks immedi- ately preceding. Washington Produce WHOLESALE PRICES. nutm—om-po\mn prints (93 score), 25a28; roosters, 5a7. try, @ressed—Turkeys, toms, 11; chickens, Plymo 22a23; Leghorns, 17a19; hens, mixed colored, 13a14; lfilhm'n!‘ lllfl Xm 28a31; _roosters, duch, 15. 17; Live swu—aogs, medium, 4. .50; heavy, 3. pigs, 2.75a3.50; roughs, 1.5023.00; calves, 30n450 8 ‘hmh. 5.0026.50. 4021.25; can- tllaum' Clufornh jumbos, 4.00a4.50; 4.00; ponies, 2.75; Geor- baskets, 1.25; strawberrles, blackberries, 2.50; huckle- raspberries, quarts, 35; crates, 4.50; fancy ds, 1.75; 12 wund.l. 6.40; {Daily Reserve Bank Average| OUTSTANDING LOAN VOLUME DECLINES = Drops 11 Millions From Last Week’s Total. By the Associated Press. The daily average volume of Federal Reserve Bank credit outstdnding durin the week ending June 14, u re by the Reserve banks to the Reserve | Board, was $2,209,000,000, a decrease ol‘ $11,000,000 compared with the preced- ing week and of $36,000,000 compared with the same week last year. On June 14 total Reserve bank credit amounted to $2,212,000,000, & decrease of $2,000,000 for the week. This de- crease corresponded with decreases of $44,000,000 in money in circulation and $44,000,000 in unex non-member stock, offset in part by an increase of $77,000,000 in member bank reserve bal- land, $5,000,000 at New York, and $23,- 000,000 at all Federal Reserve banks. market declined $1,000,000, while | 83 States open holdings of United notes increased $7,000,000 and of Treas- ur‘ certificates and bills Sl! 000,000. otal gold reserves of the 12 re- glonal institutions increased $11,000,000 durtnx the week to total $3,532,790,000, registering a new high record | orders were issued during the banking crisis for a ugrenuan of gold_in the g‘rnefiury and in the Federal Reserve 8 Changes in the amount of Reserve | Bank credit outstanding and in related | items during the wee% and the year, follow (in millions of dollars): credit Monetary gold ‘stock. Treasury currency off 44 Ohio Milk Prices Raised. , Ohio, June 16 (#).—A | ded capital funds, | etc., and an in-| crease of szmoao ‘in monetary gold | Pound. Special Dispatch to The Star. BALTIMORE. Md., June 16.—White potatoes, per 100 pound‘. 90al.; zs new, barrel, 1.25a2.75; 0a1.00; bumel bunches, 3.00; cabbage, rots, bushel, 1. crate, 1.25a1.50; celery, crate, 3.75; corn, crate, 1.25a1.50; cucumbers, bushel, 508 1.50; egg plants, crate, 1.2522.00; let- tzu&’eubushel, 15a35; m‘aom dmel]‘ 1.60a1.65; lplnlch mhex 25a60; peas, bushel, 75a1.50; peppers, bushel, 50 lvOO; tomatoes, Tug, 1.2322.00; radishes, 100, 50a2.00; squash, bushel, Ho-xoo apples, bushel, 35a1.50; straw- \berries crate, 1.00a2.25; grapefruit, box. 1.75a2.00; oranges, .00a3.50. huckleberries, crate, 4.0084.50: black< berfl!sscm 1.75a2.25; peaches, bushel, Live Poultry—Young chickens, 15a21; Leghorns, 14a17; horns, 8a9; old rooster: 7al0; pigeons, pair, 10a15. Eggs—Receipts, 1,703 cases; current receipts, 12al3; nearby firsts, 13al4. Butter—Good to fancy, creamery, 20a24; ladles, 16al7; packed, 13a14. Hay and Grain. ‘Wheat—No. 2 red Winter, garli spot, domestic, 76%; June, 76%; Ji livery, 75 bid. Corn—No. 2 yellow, domestic, spot, 58a89; cob corn, 2.75a3.00 barrel. Oats—No. 2 white, 38a41; No. 3, 37 store CLEVELAND, 40 per cent increase in the price farmers 6.50. receive for their milk will become effec- tive today in Northwestern Ohio, mean ing a probable increase of $1,250,000 I! affected. LAIDLAW & CO. Member N. Y. Stock Exchange 797-15th St. TELEPHONE Dlstrict 2255 &pp! ock 1.75a2.00; buahel bukeu. 1.00; | grapefruit, 2.00a2.50; alligator pears, aches, 1sonuo, rhubarb, | ches, 40a60. Vegetables—Potatoes, new, carrots, per 100 bunches, 2.00a2.25; peu, 1.65a 1.75; mushrooms, 1.25; cabbage, 25235; tomatoes, flats, 1.50; lugs, 2.50; cauli- flower, 150a1.75; celery, 3.50a4.0¢ asparagus, 1.50a2.50; okra, 2.00a2.5 tuce, Iceberg, 2.50a3.00; home-grown, Alabama, 1.75a2.00. FOREIGN EXCHANGE. | (Quotations turnished by W.B. Hibbs & Co.) Nominal gold Selling checks value: to pound me. lir ich, frane’ .’ . 20.38¢ 20.75¢ "iSonat, 11%a%, 42 YEARS of Double Service Places Upon the NATIONAL PERMANENT lcmlnr Building and Loan Assn. Council 4 PERMANENT BUILDING ASSOCIATION 94992 ST. N: Organized 1879 FERRY K. We are pleased to announce that HEATH formerly Assistant Secretary of the Treasury, has become associated with us and will partici- pate in the management of our offices at 729 - 15th Street, N. W., Washington, D. C. H Equitable Co-Operative Bldg. Ass’ JOHN JOY EDSON, President WALTER 8. PRATT, Jr.,, Secretary ceseesenenss..$6,251,006.24 S-bmphm 'for the 105th Issue of Stock Being Received Prosperity Is Yours Through Systematic Saving $2.50 Per Share ing plan of Thousands today enjoy prosperity be- cause they adopted the systematic sav- the Equitable. Follow their example—save part of your earnings. Come in and we'll explain. DoaES DT I35 % 915 F St N. W net income of $1,000,000 for this month, ey 81'4 compared with & loss more than 96% $3,000,000 in June, 19:2. B a5 amamoSan EZS3Za%3SIZE glw-bie'—i: 4814 Prussia 64s’S 48% Public Serv 4s'7a.. 27 fud ettt 3 ! lm ref 53°76. YEavision us.t®