Evening Star Newspaper, June 22, 1933, Page 13

FIN ANCIAL CURB LIST WEAK IN FINAL TRADING Wave of Selling Ends Rally at Midday—Waiting Policy Evident. Bpecial Dispatch to The Star. NEW YORK, ne 22.—The curb ex- change finished weakly today, sfter opening higher and encountering & moderate wave of selling shortly be- fore midday, which continued through- out the afternoon. Electric Bond & Share, around 335, was down almost 2 poicts on the day. Cities Service was fractionally lower all day: Standard Oll of Indiana lost more than a point, as did Consolidated Gas of Baltimore, Commonwealth Edi- son softened on its dividend reduction. American & Foreign Power warrants were unchanged after at one time show- ing a point gain. Columbia Gas & Elec- trie convertible preference was down 5 points, at 120. Dixon-Crucible dropped 8 points. New York Shipbuilding was off 2 points. Glen Alden Coal declined more than 2 points. Hiram Walker lost some of its early gain Petroleum stocks were a strong fea- ture in the first few hours, but shaded their prices (Copyright, 1933.) BONDS 0\‘ THE CURB ARKET. Bales DOMESTIC BONDS. in thousands High. Low. Close. # Bel Tel Can 8 Bel Tel Can 18Can Nt R E ¢ Carclina P&l 1 Cent_Ariz L&P 14 Gen'Th P 41as P 63 18Cen Il P8 bs G 6K 3 Crane Co 55 ‘40 1 Gudshy Pkg 5% 1 Cudahy Pkg 46 m"u mw 07 3 1Emp O & R 5ips /42 4 Fairbanis Mor bs '47 1 Federal Wt 5%z 18 Florida P&L " 5: 12 Gatinead Pw 5 6 Mass Gas 5< 11 Mass Gas blag o s F Stock and Acme Steel (1). Acme Wire vtc. Alr Inv Ine vte. Afr Invevptf. Alnsworth Mfg. Ala Great Souther: Alabama Pw pf (7) 10s Allied Mills....... 8 Alum Co America. Alum Co ofApf 1% 1008 Aluminum Ltd. 3 Alum Ltd C war Alum Ltd D war, Am Beverage. Am Brit & Cont. Am City P&L B 15s 27 Am Comwith PwA. 2 Am Comwlth Pw B. 18 Am Corp. . - 3 Am Cynamid (B).. Am Equities ( Am & For Pwr war Am Founders Am Found 1st pf B Am Found 1st pf D Am Gas & EI (31). Am Investment. Am Invest Inc war. Am Lt & Tras (2).. Am Manufacturing 505 Am Maracaibo. . 9 Am Pneumatic Sv, Am Superpower. Am Superpower pf. Am Thread pf 25¢.. Anchor Post Fenct Ark Nat Gas (A)... Ark Nat Gas cu pf. Ark P&L pf (2.32). Armstrong Cork Art Metal Works. . 0 El Ind p9 1-5¢. Asso Gas&Elec(A) Asso Gas & E war. 2! Asso Gas & Elec pf nzm Asso Rayon 25 2 Asso Tel Utilities. . Atlas Plywood Atlas Utilities. Atlas Utllities war. Atlas Utll pf A(3) Auto Voting Mach Axton Fish(A)3.20 ‘Babeock & W11(1).100s Benef Ind Loan1% 6 Blue Ridge pf (a3). 18 Borne-Scrymser, B0s Brazil Trac & Lt 7 Brill Corp B. 5 Brillo Mfg (6 v 1 3 B-A Tb B cu p37.3¢ Brit Celanese rcts. 3 Bunker Hill & Sull. 50 Bunker Hill & S vtc100s Burma rcts (plie) 6 5 Bwana M’Kub Corp Canadian Marcont. b Syndicate. Carnation Co Celtuota Corp Cent HudG&E (80¢) Cent & Swn Ut pr1i 20s Cent States Elec... 29 Centrifugal P 40c.. 10 Chesebrough +6% . 1008 113 Chief Consol Min. . Childs pt City Auto Stpg Co. Citi Citi Claude Neon Ine Cleve Tractor. Colon Oil. ... t. Columbia Pictures, Comwlth Edis (5). Comwlth & Sou wr. Comunty Wat Sve. Comstock Tunnel. . Consol Aircraft. .. CAMCoctfs..... Consol A M cm pf.. Consol Copper. ... Con Gas Balto 3.60. Consol Royal (20c) Cons Theaters vtc. Cooper Bessemer. . Cooper Bess pf A.. Cord Corp (10¢). .. Corroon & Rey pf A Cosden & Co....... Cosden & Coc.0.d. . Courtaulds(p8ise). Creole Petroleum. . Cresson Consol (4¢) Crocker Wheeler. .. Crown Cent Pete. .. Crown Cork Intl A. Cusi Mexicana Min Darby Petroleum. . Deere & Co. ... Derby Ol & Refin. . Detroit Afrcraft. Dixon (J) Crucible Dow Chemical (2). Dubilier Cond & R. Duke Power (4)... Duval Tex Sulphur East G&F As (60c) East States Power. 12 o o e S . a » 2 o acaenEanAaPusB~RatamTrwnwnona Am Cigar Co (8)... 358 130 5% 4% Sale— Dividend Rate. Add 00. High. Low. Close. 268 36 36 36 f1e 9 3.8 15 8% 15 815 37% 61 5 £3 73 45 15 THE EVENING N. Y. CURB MARKET Received by Private Wire Direct to The Star Office. | . Stock and Sale— Dividend Rate. Add 00. MarcIM (p52-5¢). 1 Marfon Stm Shovel, 4 Mavis Bottling A.. 19 Mead Johnson (3). 1 Mergenthaler Lino. 258 Merritt Chap &S.. 17 Merritt C&S pf A Mesabi Iron. Michigan Sugar Co. Mid Sta Pet vic A.. Mid Sta Pet vtc B. . Middle West Util. .. Mid W-ev pfnxw.. Mining Corp of Can Mountain Prod 80c. Nat Aviatio Nat Baking. Nat Bella Hess.... 31 Nat Dairy pf A () 50. Nat Fuel Gas (1) Nat Investors Nat Invest war. Nat Leather. * | Nat Pw&Lt pt (6 3 4'/‘ Nat Service. . . Natl Service pf. ... Nat Sugar NJ (2). Nat Toll Bridge A. Newberry JJ (60c). New Bradford Oil. . New Eng Pwr pf (6)250. New Jersey Zinc3.. New Mex & A Lind. Newmont Mining. . N Y Shipbldg(40¢c). NYTelpf (6%)... Niagara Hud Pow.. Niag Hud Pw B wr. Nl-: Sh(Md)B 20c. es-Bement-Pond Nplulng North Am Li&Pwr Nor Am Lt & P pf. Nor Central Texas. North Europ Oil. .. Northwest Eng. ... Novadel Agne (5).. 3 508 11543 64 14 4% T 15 2% 10 * | onto Copper. 161 81 4% 3 Baw 53 13% 364 14% 1% 9% 21% 3% 37% 2% % 16 11 85 93 914 14 2314 4 L) m s ;| Stand Pwr & Light Ol Stocks Ltd Pacific East Corp. .. Pac G&R 1st pf 1%; Pacific West Ofl. .. Pan Am Airways Pantepec Oil. Parke Davis Parker Rust P 3% Penroad Corp. .. Penn Gas & Blec Ax Penn Mex Fuel. . Penn Wat & P (3).. Pepperell Mfg Co. . 80z Petrol Corp war... 93 Phila Co (1). Phil Morris Inc. .. Phoenix Securities. Pioneer Gold (60c) Pitney Bowes P Pitts Plate G (§ Premier Gold(12c). Producers Royalty 36 Prudential Invest.. 9 Pub Util Hd war 1 Pub Util Hld xw. .. Pug §d P&L 35 pt. .2108 Puget Sd P&L $6 pt 508 Pure Ofl pf........ 1408 Quaker Oats (15).. 805 Reiter Foster. . Reliance Int A, Rellance Manage Republic Gas Reybarn. Reynolds Richfield 01l Cal pf 24 Richmond Bros (3) 758 Richmond Rad ¢ pt Roan Antelope. Roosevelt Field.... 2 Root Refining. 1 Root Refiningcv pf 1 Rossia Intl........ 9 Royal Typewriter.. 10 Ryan Consolidated 18 Safety Car H&L(1) 268 St Anthony Gold... 3t Regis Paper. ... St Regis Paper pf.. Salt Creek Consol. . Salt Creek Prod (1) Seaboard Utilities. Segal Lock & Hrd. . Selected Industri: Select Ind al ct 54 . Sel Ind pr pf (5%). Sentry Saf Control Seton Leather..... Shattuck Den Min.. Shawin W&P (50¢) Shenandoah Corp. . Sherwin-Willlams. 8 Singer Mfg Co (6). 60s So Am Gold & Plat. 7 South Penn Oil 80c. 20 Sou Cal Ed pf B 134 Sou Cal Ed pf C 1% South Colo Pw (A) South Nat Gas. ... Sou’land Roy (20¢) Spanish & Gen rcts Stahl & Meyer Inc. 1 Stand Ofl Ind (1).. 59 Stand Oil of Ky(1) 26 Stand Oil Neb (1).. 1 d Ofl of Ohlo. . 3005 54 66 i i 1 13 4 STAR, WASHINGTO ONLY PART OF RISE LAID TO INFLATION! Between 41 and 46 Per Cent of Gains in Securities Believed Due to Dollar’'s Depreciation. Special Dispatch to The Star. NEW YORK, June 22 —A Stock Ex- change house that has given a great deal of attention to the effect of infla- tion on the rise in securities figured out today that this has been less than pop- ularly supposed. It shows the price ad- | vance in terms of dollars and the theoretical price advance in terms of goid. In dollars the rise in industrials since | March 3 has been about 78 per cent, in | rails over 80 per cent, in utilities 65 per cent and in commodities about 49 per cent. In terms of gold the advance in industrials amounts to 45 per cent, i rails to 47 per cent, in utilities to nea 35 per cent and in commodities only 21 per_cent. From this it is calculated that the per cent of advance due to inflation is between 41 and 46 per cent of the en- tire rise, so far as securities are con- cerned, and less than 60 per cent with respect to commodities. (Copyright, 1933.) U S. TREASURY CERTIFICATES (Reported by Chas. D. Bnney & Oo.) Rate—Maturity, D. (., THURSDAY LARGE CAN COMPANIES BENEFITED BY UPTURN Special Dispatch to The Star. NEW YORK, June 22.—The manufacturing business is one of the brightest spots in the industrial picture. Both American Can and Continental Can, the biggest units in the industry, are doing an excellent business. The affairs of Continental Can are in such good shape that it would not be surprising if the management in the near future increased the regular divi- dend or decided to declare an extra out of the better profits. Continental Can is understood to have taken advantage of its strong cash fon early this year to buy a large pply of tin plate at what proved to be about the lowest level of prices. (Copyright. 1933, by North American News- paper Alliance, Inc.) RAYON MILLS BEHIND WITH FLOOD OF ORDERS By the Associated Press NEW YORK, June 22.—Many of the | large rayon m are sold up to such an extent that they cannot promise de- liveries until September and October. As a result, fabric houses are finding it difficult to lay plans for their Fall lines. Rumors persist that another 5-cent-a- | pound advance is due shortly. GASOLINE DISTRIBUTORS RAISE PRICES AGAIN By the Associated Press. TULSA, Okla, June 22—Led by Magnolia Petroleum Co., nearly all gascline marketers in this area boosted prices again yesterday. making the to- tal recent advance 11, cents a gallon, of which !, a cent is Federal tax. The new prices are 14, 15 and 17! cents & gallon for the three prmcipll grades of gasoline. l | any JUNE 22 LUMBERMEN HAIL BUILDING UPTURN % | About 55 Per Cent of Entire Do- mestic Consumption Is for Construction Purposes. By the Associated Press. The recent increase in building con- tracts is hailed by the National Lum- ber Manufacturers’ Association as grati- fying, as about 35 per cent of the domestic lumber consumption is for construction, including the manufac- | ture of millwork. Since demand in the furniture indus- try, which generally follows the lead | of residential building, furnished the| largest market for hardwoods. this in- | spreads to | [} terest, the association say all_divisions of the industry. The volume of lumber orders at the saw mills during the last five weeks is Teported to have excceded that of period since April, 1931. How much of this increased demand has gone into investment buying for re- High Blood Pressure! 10 pften serlous—in many cases can >, Droper (reatment. f the causes of increased biood PHONE or WRITE TODAY for Information, Booklets and Sample MountainValley Water America’s Foremost Health Water From HOT SPRINGS, ARK. ' 1405 K N.W. MEt. 1062 sss a-1s plenishment of retail and consumer| stocks in the face of a rising price| PARIS EXCHANGE RATES. trend and how much into actual con-| PARIS, June 22 (#)—Three per cent sumption is held a vital question by | Fentes. 69 francs 25 centimes; 415 per the association since its answer will cént rentes, 85.80. l'xchm.e on Lon- determine whether or not the present|don. 86.35. The dollar was quoted at grder increase will continue over an| 2048 sppreciable period 1 PAlNT NOW At Present Low Pric: Bsnkl llednce Interest. NEW YORK, June 22 (%).—Member banks of the New York Clearing House today reduced the interest rate on time deposits to i of 1 per cent from !, of 1 per cent. Mutual savings banks will continue to draw !4 of 1 per cent on balances, but interest will cease on all other classes of demand deposits in ac- cordance with the terms of the Glass Steagall banking bill. PERPETUAL BUILDING ASSOCIATION PAYS “Use Fairfax Quality Paints No telling how much longer we can offer you Fairiax quality House Paints at their present low prices. Our advice is to BUY NOW, NOW and PAINT NOW. Fairfax paints are made of 100% linseed oil, zinc, lead and tetanum, Assets Over i And areready mixed. “ome in NOW. Surplus, $1,250,000 JAMES BERRY, P EDWARD C. lAL‘rz.“‘ll::r:An 601-95‘;:”!:5\;0,-‘13:( 0150 aRLD LEADERS in passenger t(ransportation THE GEORGE WASHINGTON THE SPORTSMAN THE F. F. V. All Genuinely Air-conditioned s | Stand Silver & Ld.. Starrett Corp. . Starrett Corp pf... Stein Cosmetics. Stuts Motor Car. Sunray Ol. Swift & C Switt Internat’l(2) Swiss Amer El pf.. Tampa Elec 2.24. .. Technicolor. Tech Hughes (0¢) Texan Oil & Land Tob Prod Exp(10c) Todd Shipyard (1). Tonopah Mining. .. Torrington (2). Traus Alr Tranap.. Trans Lux DL P 8. Triplex G k2 Tubize Chat Corp. . Tubize Chatillon Tung-Sol Lamp. Unlon Tobacco United Car Fast. United Corp war. United Dry Dock United Founders United Ga United Gi United Gas pf. United Lt & P (A). United Lt & Pwr pf Utd Shoe Mch 2% . .200 U S Dairy B. U S Elec Pwr ww U S El Pwr war. U S Finishing. .. ] S Foil (B) (20¢). S & Intl Sec & Intl st pf. Eastern Ut Asso(1:100s 21% East Util Assocv.. 7 an Easy Wash MchB. 1 4% | Edison E1 Bost (10) 10s 160 | Eisler Elec Corp... 14 ¢+ | El Bd&Share b6 % . 235 FEl Ba&Share pf 6.. 16 El Ba&Share pf 5. . | E1 Pwr Asso (40c). El Pwr Asso A 40c. 45 | Elec P&L 2d pf(A).250s 24 Elec Shareholdings Emp G&F 61 % Df. Empire G & F 1% Europ Elec deb rts. Furop El Ltd A 30¢ Evans Wall Lead. . Fatrchild Aviation. Falcon Lead Ferro Enamel Fisk R\ll,b?l’lne'l Fisk Rub pf (new). intkote (A) Ford Motor Can A. Ford Motor Ltd.. ... Foremost Dair: Foundation Fo Franklin Mfg. Jock Pack(40¢) *| General Alloys ‘G&nerll A\Mnon . Ltdr - 4\(‘!!\ Pub Service pf 2758 49 114 | General Rayon (A) 15 4% Theat Eqevpf 10 Tire & Rubber 2 TWO Air-conditioned NIGHT TRAINS to the WEST Air-conditioned OVERNIGHT SLEEPERS to WHITE SULPHUR SPRINGS, HUNTINGTON, CHARLESTON Air=-conditioned DAYLIGHT TRAIN toe VIRGINIA and WEST VIRGINIA POINTS Nowhere in the world can you find the equal of these fine trains. Newly air-conditioned and newly equipped, they were called, even before they went into service, “The Finest Fleet of Trains in the World.” Added to the speed and safety is the last refinement of comfort and luxury that makes these trains go to Cincinnati, Lexington, Louisville, Indianapolis, Chicago and St. Louis, with comfortably close connections at the latter cities with the best trains on all roads to the Far West and the Southwest. The F. F. V., leaving at 10:35 P. M., now on a par with The the most desirable form of transportation ever offered to the Gootge Washington, providesis later departure for thoss whe traveling public. Quick to respond, that same public is already canmotTsave at GOLPAM ‘THod ab-condttinacd nepsiig- o to Cincinnati, Lexington, Louisville and Indianapolis. Imme- diate connection at the latter city takes you to Chicago in time to catch the good trains West. according a remarkable patronage. The fast, new schedules designed to conserve productive hours offer a new convenience in planning your trips to the West. *| Gen E The George Washington, leaving 2 6:01 P. M., continues the matchless service that earned it the reputation of “The Most Wonderful Train in the World.” Thru air-conditioned sleepers The Sportsman, leaving at 11:55 A. M., gives fine air-condi- tioned daylight service to Virginia and West Virginia points thru some of the finest scenery in America. 1008 708 120% 1008 2214 29 1y 24 61 “tah Pwr & Lt pf 1 PwraLt.... [ Utility Pow & Lt pt Utllity Equittes. . Uil & Industria Utll & Indust pf. FaucenpEack van ck pf. | Veasinaienrati s 191 | Waco Alrers ; Schedules designed to preserve your productive hours THE GEORGE WASHINGTON THE F. F. V. THE SPORTSMAN WESTBOUND Airconditioned EASTROUND WETROUW Ajrconditioned Airconditioned RASTROUND (Standard Time) (Standard Time) D Dot 10:35 P. M. Lv. WASHINGTON " s—fi 601 P.M. Ly. WASHINGTON. .. .. Ar. 8:30 A.M. 3 8:27 P. M. Ar. Charlottesville... .....Lv. 5:50 A. *6:00 A. M. Ar. WHITE SULPHUR -Ar. 12:45 810 A. M. Ar. Hot Spring 9:20 P. M. A nesboro . .. 4:45 A. 9:41 P. M. Ar. Staunton. . ... 425 A. 9:40 A. M. Ar. CHARLESTON. 12:15 A. M. Ar. WHITE SULI I’IIUR 2:00 A. 10:52 A. M. Ar. HUNTINGTON . 12:35 A M. i 30 P. M. Ar. Lexington 752 A M. 2:55 P:M. Ar. CINCINNATI. . .. 40 P. M. Ar. INDIANAPOLIS 5:05 P. M. Ar. Louisville. .. * Alr-conditioned sleeper occupied until 53 13 Gulf Oll of Penna.. Hamilton Gas v te. | Happiness Candv Hazel Atlas Gl 3% Hecla Mining 3 Hirex CEA (2)... 1508 Hollinger Gld 170c. 2 &, | Wahl Co Horn & Hardart(2) 31, 231; | Walgreen Co (1)... Hudson Bay Min R Iker (Hiram). .. Humble Ofl (2) 5 83 | Walker(H) pf (1) Hydro Elec Secu 7% | Wenden Copper. Hyzrade Food P&l 1mp Ol 1.td cou Imp Ofl Can r Ind Pipe L Ind Terr EASTBOUND (Standard Time) . *3:30 AL M. 812 P. M. 1 61 g!i‘ I . Staunton, - WHITE SULPHUR . Hot Spri; - . CHA| LE TON HUVTINGTON . Columbus. . ... . . CINCINNATI . . 4:05 P. 6:01 P. 1:30 P. M. 210 P. Westn Md | White S M de Williams (R o> bbb . Ar. LOUISVILLE . Ar. INDIANAPOLIS .. . OB, . Ptd (5 46 3 16% In1 T Ins Coof N Am(2) | Int Hy E1Sepf3 | Jmtl Petrol (1.12) .. Int Products. Int Utilities (B) Interstate Equities Interstate Eq cv pf | trving Air Ch (40c) Italian Superpw A. Tonas & Naumburg | Kirby Petrolm 10c. Kirkland | Lake Shore M 1214 | Lehigh Coni&XN 40¢ Laonard O} Hi ln.m MeNeill & L T When tssued, Lion Ofl & Refin. .. Lone Star G bedc. . Long 1sland Light. Louisiana L & Ex.. McCord Radiat B.. . au 131 2 2% prominent ® | quict | Wright Har 9 b4 bl Dividend rates in dollars based on last or semi-annu Ex d. tPartly extra aPavable in cash or tock e Adjustment dividend. I Shoe” A5 Bhie o% in stock. {Plus 2% in stock m Pius 3% in stock D Paid I METAI. KARKET NEW YORK, June 22 (#).—Copper electrolytic spot and_future, 8 | Tin firm; spot and nearby. 45.75; future 46.00. Iron steady. unchanged Lead quiet; spot, New York. 420, East St Louis. 4.05." Zinc steady; East St. Louis pot. and future, 438. ~ Antimony, spot. z year—no regular rate. Chicago's Woman's Athletic Club 15 listed as amo: the country’s most mdy organization: . Ar. CHICAGO. . . Ar. ST. LOUIS. . . NOTE: Charleston and Huntingion Slecpars now carried om The . 10:05 A. 9:04 A. F.7.V., leaving Washington 1085 P. M. J. B. EDMUNDS, Assistant General Passenger Agent 714 14th Street, N. W. CHESAPEAKE NOTE: Washington-Charleston Air-conditioned Sleeper and Huntington Sleeper formerly handled on The George Washington now carried on The F. F. V. 'Ahmill.ndnl—p- -n'l‘ unl 8:00 4. M. NOTE: On e only, Bastbound oty oy oz s Phone: National 0748 and