Evening Star Newspaper, June 22, 1933, Page 15

FIN ANCIAL. THE EVENING STAR, WASHINGTON, D. C. MANY NEW PEAKS REACHED BY BONDS Steels and Utilities Tend Upward in Closing Minutes of Day. BY JOHN A. CRONE. Special Dispatch to The Star NEW YORK, June 22-—Strength in rails, especially second grade, and in oils characterized the bond market to. day. The former group registered ma new high prices for the year or longer, speculative buying being based cn earning improvement, Along with these trends during early dealings there was weakness in German loans, particularly those of the govern- ment and Reich cities. There was also brisk buying of a wide list of high- grade utilities, most of this demand emanating from one firm that always is 8 big buyer for institutions, and a con- tinuation of the demand for railroad equipments. Held Hopeful Sign. ‘This latter development is encourag. ing at this time, if precedent be any ide. because rail equipment certificate uyers are always the most conserva- tive investors. Always the first group to scll on any sign of danger, such as firming interest rates, they are usually the last group of purchasers to re-enter the market. The long list of junior carriers tha: recorded new peaks during the fore- noon included the Nickel Plate 6s and 41¢s, St. Paul adjustments and Interna- tlonal Great Northern adjustments, the Chicago & Northwestern 4%s, and Denver & Rio Grande Western 4s. The lowered rates on 60-day time money, which now is quoted at % per cent, or down ! per cent, came as no surprise to the bond market in_ view of the demand for short-term high- grade issues, ranging from United States Governments and railroad equip- ments to high-grade utilities. This development indeed had been forecast by the earlier tape actions of such securities today. Although dealings in United States Governments, up to mid-afternoon, were twice as large as in the preceding session total trading in bonds ran only | i | (Sales | High | Lib3%s32-4 Lib 1st 4s 32-37 Lib 1stéls 32- Lib 4th 4348 33-383 992 100 11 10214 . 10218 102 20 105 6 106 20 110 8 Sales. Hign Low. Close. | Abitibl P&P 5s'53. 20 | Adams Exp 4s'48.. 2 Alleghany bs'44 Alleghany 5s'49 Alleghany 5s '5 Allis-Chalm 55 '37. Am F P 58 2030 Am IGCh5i4s'49. AmInt151%s'49.. Am Metal 5%s'34. Am Sm&TRef 5847, Am T&T 41383 2 Am T&T c tr 5s '46. Am T&T deb 55 '60. Am T&T deb 6s '65 Am T, 5las’43.. | Am Wat Wks 55'34 |Am W W & E 6575 | Am Wr Pap 6: 7.. | Antioquia 78’ | Argentine 53s Argentine 6s 61 M. | Argentine 63" Argentine 65 A '57.. Argentine 6s B '58. Arm & Co 4 Arm Del 5% | Atchison gn ¢ Atchison 4% AtlC Lol 48’ AtCL ist 43 | At Gult&w1 Atl Ref db 5s " Australia 4 | Australia | Australi | Austrian 5 | Austrian 7s'57. B&Olst4s’4s.. 33 5867 Ban & Aroos 4s'51. Batav Pet 435 '42. Belgium 68 '55. Belgium 6%4s'49. .. Belgium 7s ‘65 Belgium 7s ‘56 Bell Tel Pa 55 B’ 4 10 107 UNITED STATES. e 1n $1.000.) Low. 10229 10225 . 10130 10130 . 10219 103 8 10215 103 4 98 31 1007 102 12 102 12 102 20 1053 106 14 1104 22 687 58 4915 23% 69 9612 109's 10474 10313 10315 10615 79 106% 1106 109% 1047 10315 104 106% Fisk Rub 8s'41 Fla E Coast b Fram Ind 7% French Gv 7 . French Gv T%s'41. Gen Baking 5% 40 Gen St Cas 5% 8'49. Gen Th Eq b 8 Ger Cent Bk 65'38. . Ger Cen Bk 63’60 J German 6%s 50 German Rep 78 '49.120 Goodrich 68 '45.... 13 Goodrich 6% 47 Goodyr Rub 58'67.. 80 Grand Trunk ¢s36. 11 Grand Trunk 7840 2 Gt Brit&Ir 5%s '37 249 2210 6874 Grt Nor 4148 E 77 Girt Nor 5s C Grt Nor5%4s B Grt Nor &n 783 i3reek 6568 Hudson Coal bs Hud & M adj b: Hud & M rf5s'57.. Humble O1l 5537, 111 Bell Tell bs 111 Cent rf 4s ‘56 11 Cent ref 53 '55 T11 Cent cl tr ds* Til Cent 4% s 11 Cent 6333 '36 111 CCStL&N 43%s 11l CCStL&N 5s A TI1 Steel db 435 44| Inland St 4335 A'78 95% | [nland St £ s B'81 68 |Int Rap Trrf 5’68 84% | Int Rap Tr6s°32.. | int Rap Tr7 Int Cement 58 '4 93% 79% | 4408 924 Int & Gt N 55 B '56. Int & Gt Nor 6s'52. Int & Gt N aj Int Hydro El 684 Int Ry CA6s'72... Int Pap ret 58 A'47. Int Pap 6= "55. IntT&T4%s'S IntT&T 434552 TNt T&T58'56.... 64 |Ttaly 7s 51 . 731 | taly Pub 7 79% | Japanese 5% s °¢5. 80 |Japanese 6348 '54. Kan CF S&M 4 Kan C PAL ¢% Kan City Sou 3 9814 | Kan City Ter 45'60. 9714 | Kan GAR 43530 106s | KaTstadt 643, 78 78% 918, 56% 84 95 52 93 6415 Bales. 6 THURSDAY, 29 JUNE FINANCIAL. FER High Low Close. 7215 721 T2 10% 10% 10215 10614 6518 34 37 14 4T% 947% 864 6814 80 '[BONDS ON N. Y. STOCK EXCHANGE 1 | ! Received by Private Wire Direct to The Star Office. ] Sales. High. Low. Close. 82 ¥2 94N 94| 82 94N 19 20 79 945 66 Uy 3815 Queensland 63 '47. . Queensland 7s"41.. Radio-K-Or 65 "41. Read 4348 A9’ Read Jer Cn 4s'51. Rem Arms 63 A ‘37 Rem R 534 sA4Tww Rhinelbe U T3 '46. . Rhine West s '52. Rhine West 6s'53. Rhine West 65 5 Rhine Wes 3 Rich Oil Cal 4. Rio de Jan 648 '53. R Gr do Sul 6s 65.. Rio Gr W 1st 45’39 Rio Gr W clt 43°43. RIAr& L4%s 34. Rome 6%8'52. Royal Dutch ¢ StL IM R&G 45733 St L&SF 43 A g StL&SF 4% StL SF 4% 8" 2 St L SW 1st 58752, StP&KCSL 424841 P Un Dep 55 '72. nA&AP4s'43. o Paulo 7s "40 Saxon 78 '45. Seab A Lrf4s'59.. Seab A Liadj 55'49. SeabA L 6sA'45.. Serbs-Cr-S1 7s*63. Serbs-Cr-S1 8s'62 Shell U O1158°47.. Shell U O 58 *49ww. Shinyetsu 6%s '52 Silesla Prov 7s Sinc Oil 6%8 B Sinc Oil 7s A '37 Sinc PL6s 42.... Skelly Of1 5%5°39. Solvay Am 5s'42.. Sou Bell T&T 58’41 Sou Pac col 43'49. Sou Pac rf 4s " Sou Pac 4143 '68 Sou P 4%8°69 w 2 Sou Pac 4%8'31... Sou P&OT 4 %8A’TT Sou Ry gn 4sA’66.. Sou Ry b3 '94 Sou Rv gn 6s Sou Ry 6% Sou Ry M&O 4#'33.. SW Bell T 53 A 'G4. StOlNJ6s"46. ... StOlN Y 4248 '51. Studebaker 6543, ‘ 3 46 1054 105% 1047 9314 121% BIG GAINS SHOWN BYU.S. CLEARINGS Richmond Total Still Behind| Last Year’s but Other Cities Report Rise. NEW YORK. June 22.—Bank clear- ings | records. The total this week at all |leading cities in the United States, as| reported by Dun & Bradstreet, Inc.. of 28.309.000 was 16.3 per cent higher | hat of a year ago. | At New York City clearings were $4.055.453.000, an increase of 233 per while the aggregate for centers cutside of New York of $1,472,856,000 was 0.6 per cent higher New York Boston lead the other cities in larger clearings. An increase also appears at Philadelphia, Buffalo, Cincinnati, St. Louis, Atlanta, Minneap- { olis and San Francisco. ~Following better returns from Chicago in recent weeks, the decline this week at that point is reduced to a small fraction, A significant comparison for the third week of June shows larger clearings than in the second week of that month by $1.090,136,000; & year ago there was an_increase for the same period of $573.316,000. Figures at leading centers, showing |increases and decreases as compared | with those of last year. follow: (Totals in Wee ousands.) Per cen ip 308 up 70 dec dec. T Sos | New York " “Total all Average June to dat May . April 2 First quarter | : have gone far beyond all recent ! | ing, commissioner of int 86% | Tatwan EP 5% 8’71 16% | Tenn EI P 63 A "47. Ter As St L 55 '44.., MONEY MARKET. Y Traders Awaiting Moley’s Attitude At London Parley Bpecial Dispatch to The St NEW YORK, June 22 Moley” is the presen: Wall Street. The Street believes that, until the Assistant Secre- tary of State arrives in London and announces the latest terms on which the Roosevelt admin- istration will trade, there is likely to be less market incentive from fluctuations in exchange. If the terms indicated are not satis- factory to the other nations at the Economic Conference, and this launches the United States on an independent policy of in- flation, the market traders ex- pect to see even broader and stronger markets than have so far been witnessed. . 1033 \DIVIDENDS VOTED | ON JUNE 16 TAXED All Actions After Midnight June 15 Subject to New Levy, Hel- | | vering Wires Chicagoans. {‘ By the Assoclated Press. CHICAGO, June 22—Dividends de- clared at any time on June 16 are sub- | ject to the new 5 per cent tax set up {by the industrial recovery act, a Chi- cago company has been advised Officials of the Prima Brewing Co ‘uhirh declared dividends on common and preferred issues at a meeting on the morning of June 16, has received |that interpretation from Guy Helver- 1 revenue. | The tax, Helvering said in a telegram. | is “applicable to dividends declared after midnight on June 15.” | Because the act was not signed by the President until 11:55 a.m. (Eastern standard time), June 16, it had been ;| believed dividends declared before the | signature would escape the tax. Off- | cials at the Prima company said they | intended to deduct the amount of the | tax from dividend checks, as required by the act, but would consult their | lawyers as to whether the act legally could have force before the signing. | The recovery act says dividends de- | clared “prior to the date” will not be AUTO CHIEFS READY 10 AID REGULATION Industry Already Has Gone Far to Stop Unfair Trade Methods. By the Assoctated Press. DETROIT, June 22 dist -Production and ition potentialities have given | way for the moment as subjects of dis- cussion the automobile industry’s in- ner circles to the industrial recovery act and its application to the manufactur- g of motor cars That the automobile industry intends | to offer its co-operation to the Federal | Government in carrying out the stipu- lations of the act appears to be gener- ally conceded in these circles. Many of the provisions of the new statute according to Alvan Macauley, president of the National Automobile Chambe: of Commerce, “are in line with practices in the automobile industry over a period of years.” Output Regulated. The industry has sought to reguiate production and in this effort it has been fairly successful as the monthly figures on production and distribution continue to show. Long ago Macauley himself directed | a criticism at one practice that reached | its high mark in 1929. He referred to the acceptance by many dealers at exor- bitant figures of used cars as part pay- ment on the purchase of new vehicles He termed this a “viclous practice,” that should be eliminated. While there still is some difference in the trade-in allowances. they now are more nearly a true indicator of the used vehicle’s re-sale value Regulation also has come in the A—15 matter of factery overhead. Write-offs have been common during the last three | years until the industry's leaders be- licve they have levelled off factory in- ventory and merchandising costs to the minimum consistent with the expecta- tion of a steadily upward trend in con- sumer demand. Ford Unlikely to Join. | If he follows precedent, Ford will not join with the other producers in col- lective action concerning the recove: act, although his policy may agree wi that adopted by them. This attitude dates back to the Selden patent suit | when Ford was left to press the case | alone. Macauley believes the drafting of a code of ethics will be less difficult for the motor car manufacturers now than it would have been three years ago. Markets at a Glance By the Associated Press NEW YORK, June 22 —Stocks heavy; trading volume dwindles. Bonds firm; secondary rails strong. Curb irregular; market erratic and dull. Foreign ex- changes strong; sterling reaches new high. Cotton steady: higher foreign exchange; trade and commission house buying. Sugar quiet: steady spot market. Coffee higher: European buying. CHICAGO.—Wheat higher; augment- ed crop damage. Corn easier; profit- taking. Cattle, steady to 15 lower. Hogs, weak to 10 lower; top, $4.60. Wash Goods Still Higher. NEW YORK, June 22 (#).—Several leading converters have advanced some | types of Fall wash goods 74 to 10 per cent this week. The rises have generally been on staple types, such as rayon and coiton mixtures in plain colors, broad- cloths and other numbers. Spring goods are being cleaned out at sharply reduced prices, but the amount on hand is comparatively small. LAIDLAW & CQO. Member N. X. Stock Exchange 797-15th St. slightly ahead of Wednesday until the | Bell Tel Pa 58 C'60. 50 106% 106 1064 NEW YORK. June 22 final hour. Metal Issues Buoyant. | ‘Buoyancy of metal issues, notably St. i Joseph Lead, which at 109 was up 22 | ts and at a peak for the year, re-| newed strength in speclative petroleums, the 4%:-point galn in Colon Oil 6s to new heights being an outstanding de- | velopment, and softness of coal loans, like Consolidation Coal of Maryland 55 of 1950, were featured in the fourth hour. Strength of Swiss francs lifted that| ecountry’s 5'; per cent bonds to new . Advances in Bethlehem Steel| !‘:I):ndinl 5s, Inland Steel 41:s of 1981, | and similar high-grade industrials tocl place along with similar rises in Kansas | Gas & Electric 4125, Metropolitan Edi- son 415s, Detroit Edison 5s of 1952 and other medium to high grade utilities, in | the closing minutes. When such utility | demand was not fulfilled a somewhat lower level of power and light issues was sought. Just at the close con- siderable irregularity was noticeable in issues that previously had been strong. (Copyright, 1933.) Washington Produce WHOLESALE PRICES. Butter—One-pound prints (93 score), 25; tub, 24; one-pound prints (92 score), 24; tub, 23; one-pound prints (90 score), 23; tub, 22. | Eggs—Government graded, extras, 22; | standards, 18; mediums, 16%2; current | receipts, 11a13; hennery whites, 14al5. | Poultry, alive—Turkeys, hens, 10; Benef Loan §s 46 Berlin 6%s'50 Berlin C El 6% Berlin C El 6% Beth Stl pm bs ‘36 Beth Stl rf 6342, Bolivia 7s ‘8. Bolivia 75°69... Bolivia 85°47... . Bes & Me 4%s'61J. Bos & Me 58 ‘67 Bremen 7s°35. ... Bklyn Ed 55 A 43. . Bklyn Elev ¢¥s. .. Bklyn Man 6s A ‘68 Bklyn Un Gas 65’50 Bklyn UnGas 6s'67. Budapest 65 '62. Buft Gen El 4345 B R&Pitts 43857 Bush Ter con Can Nat Ry Can Nat Ry 43 Can Nat Ry 41 8'57 Can Nat Ry 4%4s ‘68 Can Nat Ry 4% 2’56 Can Nat 5569 July Can Nat 5369 Oct., Can Nat Ry 6570 Can Pac 58 ‘54 toms, 8; chickens, Plymouth Rocks, 19a20; Leghorns, 14al6; hens, mixed colored, 10all; Leghorns, 8a9; capons, 25a28; roosters, 5a7. | Poultry, dressed—Turkeys, hens, 13; toms, 11; chickens, Plymouth Rocks, 22a23; Leghorns, 17a19; hens, mixed| colored, 13al4; Leghorns, 11a12; capons, 28a31; roosters, 8al0; ucks, 15. flMeaLs—Beef. 11; veal, 9a9l3: lamb, Spring, 16; Fall, 15; pork loins 14; fresh hams, 14; smoked hams, 15% strip bacon, 16; lard, 8a8lz; com- ind, 7. PoEive ‘stock—Hogs, light, medium, 4.2524.75; heavy, pigs, 300a3.75; roughs, calves, 3.00a4.00; Spring lambs, & vuits—Watermelons, 35a100; canta- loupes, California, 4.00; jumbos. stand- ards, 3,5083.75; flats, 1.50; Georgia bush- els, 2.00; cherries 1.1 12 pounds, 2.00; 15 2.75; apricots, G < 150a2.00; nearby, bushel, oranges, 2.50a3.50; lemons, limes, Persian, lugs, 2.00a3.00: grape: fruit, 2.00a2.50: honeydews, 3.00; nanas, 1.00a2.75; alligator pears, , 2.5023.00; strawberries, 4.00a 1.5023.00; 5.00a Long Island | : Car Clin & O Cent Ga cn 51 . Cent 111 E&G 58 '51. Cent Pac 1st 484 Cent Pac 55 60. Cen Ry NJ gn 55'87 16 Cert-tddb 5% 843, 16 Ches Corp 58 '47. Chi Grt West 48'59. Chi Ind&L gn 5 Chi Ind&L gn 6; M & StP gn 45’89, { Chi M & StP 435 C | CM&SIP 4% ‘89 | C M SwPar is'T 3 M&SUP ad £ 2000 58 E, 2 Chi&NW 434sC'37. LI&NW 435 2037, Chi& NW 4% 549, 631 Chi&NW rf 582037 6 Chi& NW 6%45°36.. 13 ‘black, | Chi RI&P gn 4 '40: huckleberries, 4.00a6.00; rhubarb, | Chl RI&P rf 4s dosen bunches, 35a40; blackberri 1.50a2.50. Vegetables—Potatoes 3.5023.60; 0ld, 100-pour Tdaho bakers, 2.25a25 new, per barrel, k corn, 1.50a1.75 beets, per 100 per 100 bunches, squash, 75a1.00; celery. 4.00; ‘asparagus, 100a2.00 peas, 1.50a1.65; okra, 2.00a2.50; cabbage, 40850; tomatoes, 30-pound lugs, 1.50a 2.00; homegrown, 2 pecks. 2.00; peppers, 1.00a2.00; lettuce, Iceberg. 3.50a4.00; caulifiower, 1.50a1.75; eggplant. 100a 200; cucumbers, 75a1.50; Norfolk, hot- bed, 2 pecks, 2.00a2.25. = 5 Washington Stock Exchange SALES. Wash. R. & E. 45-—$1,000 at at 87! $1,000 at 87! 712. $1,000 a:‘ I;IT;A rgetown Gas 1st 5s at 1033 wash. R. & E. pfd.—10 at 86;. Pot. Elec. 514% pfd—3 at 108. Bid and Asked Prices. BONDS. PUBLIC UTILITY. & Tel. 433 2, $1,000 000 at £1,000 at 103 10315, $1,000 & Elec. 4% MISCELLANEOLU Golumbis Cou: D. C. STOCKS. PUBLIC UTILITY. MISCELLANEGUS. Emer. Bromo-Selz “A" (2 Lanston Monotype (%) Mergenthale: Linotype Wdwd. & Lothrop com Ydvg, & Lotnrop pic dividend. b Glasgow’s death rate that of & year ago. is nearly double | CTH&SE 18t 68'60. TH&SE in 55 60.. Chi Un Sta 4%45s°'63 & W Ind cn 4s C&k WIndilks Childs deb 5s5°43... Chile 63 °60. . £ Chile §s Chile 6s Chiie 65’61 Jan Chile 6561 Sept. | Chile 6s’63.... | Chil 42, . | Chile Cop db 58 *47. Chi Mtg Bk 6%s ‘67 CCC&St L 4% 8E1T Chin GvtRy 58'51., | Clev Term 4%8°17, | Cley Term 65 B *73. Clev Ter 634 5A"12.. Colomb 6 '61 Jan. Colomb 6s ‘61 Oct. Colon Oil 65 38 NY 55’67, NY 63846, Con P Jap 6%s'50.; Consum Pow 58 '62 Cuba R R 15t 53 '53 Cuba 5%8'45 | Cuba Nor 5% Cuba RR 1t 7%5'36 | Czecho 8s°52...... Del&Hud ref 4s°43. & Denmark 68’42 D& RGren 43’36, Det Ed 4%s D'61.. Det Edison 58 ‘56 Det Edison 58'63.. 3 Det Edison rf bs'¢3 Dodge Bros 6s '40. Duquesned %4 sA'67. | Duquesned 14 8B'57. | DE15%s°53 Mar. DE15%s 63 Nov.. .| Dutch East16s'47. Dutch East16s'62. | East C Sug 7%s737. Erte Con 4596 Erie gen 4596 104 102 9015 9074 100 9; Lautaro Nit Leh Valcn 452003, Leh Vcn 43%s 2003 Lig & Myers 55'51.. Lig & Myers 75 '44 Long Isirf 4549 Lorillard 6s '51.... Lorillard 7s'44. Lyoas 6s'34.. McKes & R 6% Manhat Ry cn Market St 7s A '40. Marseilie 65°34.... 102 | Mex 45 ant 1910-45. 80 | Midvale St1 553 21% | Milan 6%852. ... 43% | Mil K Ry&L bs ‘61 86% | Mil E Ry&L 6s71.. 86% | MSP&SSM 55 gt'38 971 | MSP&SSM 5148 49 3 29 914 | MK & T 1at 4590 91 |MK&T4sB'62 91% | MK & T 4%s"78. 9l MEK&TSsA'S2.. 90% | MK & T adj 5567 93% | Mo Pac gn 4s°'75.... 95% | Mo Pac rf 53 A 65 96 | Mo Pac5sF 17.... 963 | Mo Pac 58 G 1 104 | Mo Pac s H '30. 102% | Mo Pac 68 1°31.... 67 | Mo Pacb%uA4S.. 763 | Mobile-Ohio bs ‘38, 76% | Mont Pow b8 ‘43 Mont Pwr 55 A *62 Montevideo 6s '59., Mont T 1st rf 58’41, 94 024 907 911 89 954 88 95 13 40 39 38 6274 65'% 65 40 163 | 53 5913 65 34 4 25% 39% 734 61 NOT&Min5s'35 N Y Cent33%s'97. N Y Centdb 45’34 % NYC&StL 1st 65’32 187 N Y Edison 55 B'¢4 N Y Edison 68 C'51. N Y EL H&P 45'49. X | NY O&W gn 4855, NY O&W rf NY Rys Inc NYRys6sA'66..q N Y Steam 63’56, 27% [N Y Tel gen 4%s 27 INY W&B 4%8 "4 14% | Nia Sh Md 5% '5 59 | Nor & Wn cn 43’9 40 | North Am Co ks’ 98 | Nor Am Ed 53 A'57 71 | Nor Am Ed 65 C'69. 86% | Nor Am E5%8'63. 461 | Nor Ger Litd 6347, 12%| Nor OT & L 6847, 13% | Nor Pac gn 31 2047, 12! | Nor Pac 4s'37..... 13% | Nor Pac 4345 2047.. 13 | Nor Pac 55 D 2047, 13% | Nor Pacr 1 65 2047, 15 | Nor St Pw 55 A '41. 62 | Nor St Pw 6s B"41. 11% | Norway 5363 67 | Norway 5 20% | Norway 75% | Norway 824 | Norway %5 loresnLssgta Oreg-Wash 48 3| orient Dev 65 85 Pac GRE s '42.... 86 | Pac T&T 1st 55’37, 8434 | Pan Am Pet 63 '40. 101% | Paramount 6s *47 19 | Param-Pub§ 97% | Paris Or 6% o 108 | Pennstads'48... 105% | Penn 43 s D" 56% | Penn gn 4 %= "66. 105% | Penn 4%s 34 |Penn4¥s 56 | Penn&s’6 35 |Penngents 35 |Penn6%s’3 90% | Penn O&D 4 0% ) Penn P&L 4% Peop Gas ref 5341, 274 | Veor & E 15t 45°40. Pere M 1st 4s ‘56 Pere Marq 4% Pere M 1st &35 Peru ¢ Peru 6s°61... Pern 78°'59. £3n, 0% 57 Phila & Read PAilippine R 48 't'I’. Poland 6840, Poland 78 '47. Poland 85’50 . Port Gn E14%s Por R Am T 63" Pos Tel & C Prussia s ‘52 Prussia 6%8'51 Public Serv s :; 62% 78% 9% A% 51 110 Tex Corp cv 5s *44. 92% Third Av 1st 55'37. Third Av adj 55°60. Third Avrf 4s°60.. Tob P NJ 6%s 2022 Tokio 6356 Toklo E1 Lt 6s°53. 30% 50 | money steady; 1 per cent all day | Time loans easier; 60-90 days, % | 4 months, 34-1; 5-6 months, 1-1% cent. Prime commercial paper, 1%;. Bankers' acceptances unchanged. 124% | Union El L&P 58’57 90 | Un Pac 18t 45’47 102 |UnPac4s68.... 112 | Un Pacrf 4s2008.. 49 |UnPac4%s'67.... 101% | Un P 1st rf 58 2008, 98% | United Drug 58 '53. 79% [ U S Rubber 58 *47.. 84% 93 115% 5014 38 T1% 114% 891 93 106% 82% 25 28 761y UnSt W6%s AT, Un St W 6%s A'S1. Un St W 6%s C'51. Upper Austria7s'45 Uruguay 6s 60 Uruguay Utah P& L 5s'44.. Util Pw 68 '59 ww. . Util Pow 5%38'47.. Vanadium St bs’¢1. Va EI&Pwr 6% 943 v Va Ry & Pw 6834 Wabash 4%s°'78... Wabash 58 B'76... Wabash 6s D '80... Wabash 6%8 75 alworth 6s A "45. Warn Br Pic 6s°39., Warn Quin 6s'39.. Warren Bros 8s'41.. Warsaw 78 West Sh 1st West E1db 6s ‘44. . West Md 1st 4s 52, West MA b%s°17.. West Pac 58 A "4 West Uncl tr 5538 West Union s '51 Waest Union §s Wis Cent Tm 4s'36. Yokohama Ygstn S&T 33 Ygstn S&T 58 B'70. 20 CORPORATION REPORTS TRENDS AND PROSPECTS OF LEADING ORGANIZATIONS, NEW YORK, June 22.—Following is today's summary of corporation news, prepared by Standard Statistics Co., | Inc, New York, for the Associated Press: | Du Pont (E. I) De Nemours & Co., Inc., subsidiary Du Pont Rayon Co., advanced prices on its viscose process yarns 5 cents a pound. change Sales 100 Al 250 A 450 B; 1300 C 4350 Ci 100 € 16180 1 200 2100 50 P 1100 B 50 ) P 10 Borg-War 130 Quaker 100 Rath _ Pa 650 Reliance today: STOCKS. High. Low. bbot Lab 36 cme 4600 Bendix _Av . 00 Berghofl Brew K10 Binks Mfg .. r ruce (E L. e Pl Butler Bros . Alum omwith Edis ord Corp 150 Cont Steel rane Co r Co °. Houshold 50 Fitz Simmons-Co: 1 g 50 Iron Firema 400 Kalamasoo Stove . 50 Katz Drug, 100 Keystor Mater: Marsh Pleld 100 M 50 McWill Dredg cGraw_Elec . s_Corp.. .. ublic Sve $100 par ublic Sve n p.... Pub Sve 4% pi. ub Sve 7% pf. Oats ck, Mig " | CHICAGO STOCK MARKET CHICAGO, June 22 (#)—Following is | the complete official list of transactions 1, | in stocks on the Chicago Stock Ex- Close. T SHRLRImRace PSS SR Boais S o a0 62 71 1 Remington-Rand, Inc., domestic sales 50 Sankamo El 00) Seaboard Ut 824 100% 104 85% 88y 93% 105 88% 67 104% 105% 96 90% 621y 617 4015 4% 31 3214 96T 101% 101% 80 32% 95% 1011 1014 9% were up 40 per cent in first three weeks of June compared with like 1932 period and were 30 per cent ahead of like May period. Florsheim Shoe Co. class B share earnings six months ended April 30, 1933, were 10 cents; in like 1932 period company earned 10 cents a preferred share. United States Stores Corporation 1932 deficit $345,173 vs. net income $271,811. American Investors, Inc.—Atlas Cor- poration has made exchange offer for stocks of this company on basis of one share of Atlas common for each three common shares of American Investors and one share of Atlas $3 preference stock for each share of American $3 cu;malnsttlvxe.]prg:rred stock. ndustr yon Corporation in- creased prices of all grades of deniers of yarns 5 cents a pound. American Water Works & Electric Co.—Electric output of system in week ended June 17 was up 32 per cent over like 1932 week. Fox Film Corporation—Stockholders templating a change in authorized and | outstanding class A common and class | B common shares; each present hoider would get one new share for each six shares now held and right to purchase at $18.90 a share five shares of new class A stock for each share of class B stock then held; it was stated price was fixed at $18:90 as this amount Will be required to pay the debentures, bank loans and interest amounting on August 1, 1933, to $39,746,400; E. R. chairman of the board and member of ’ Executive Committee. | CHICAGO POTATO MARKET. CHICAGO, June22 (#) (United States Department of Agriculture). —Potatoes, 103; on track, 219; total United States shipments, 970; new stock, firm, trading moderate, supplies moderate; Oklahoma cobblers, 2.20a2.35; decayed, 1.90a2.00; ; few higher; triumphs, : .35, harrel cob- blers, few sales, 4.50; old stock, firm, no sales reported. NEW YORK EGG PRICES. NEW YORK, June 22 () —Eggs— | Receipts, 19 cases; firm. Mixed colors, special packs or selections from fresh receipts, 15';a18; standards and com- mercial standards, 15; firsts, l4aldla; seconds, 13a13!;; mediums, 39 pounds, 190 400 U 500 U 300 Ut 1450 Ve 200V Stock to vote on a reorganization plan, con- | AM Ch. Nort Chicago 300 een 20 Waukesha * Mot 100 Wayne D N 1000 Wieboldt Stores .. 100 Wisc Bankshrs 50 Wolver Port Cem: 1000 Chic Rys 5s 13000 Chic Ry 55 " 1000 LaSa 8 Bld Bonds sales today—$15,000. SHORT-TERM SECURITIES. (Reported by Chas. D. Barney & Co) Bid. O Allis-Chaimers Co. s tah Radio til & Ind til & Ind pf . ortex Cup ortex Cup “A” “ r 18 i 12 in sales today—126.000 shares. BONDS. Pum 8 51 %4 84 c Ohio thwest. R3 Rock sl Colorado & Commercial 33 an 3 6% i i2 4 181 3 5% Big 2634 ; 18 i 13 2% Tinker has resigned as a director, |5 Delaware & Huc Den. & Rio Gran Edison Elec. Lllum. Gen. Petroleum Cor) Gen. Public Service 5as 19:19 nd Trunk Canada s 19:0 Penna. R. R. Co, 6128 19 . Portland Gen. Elec. 5s 1935 Republic Iron & Steel 55 1040 anchh‘ Cons. Otl Co. 7s 1987 uthern Pacific 58 . 86l Tnion Oil Co, Calif. 5s 1935. 100% Virginia Ry. & Power 53 1034 105"- Wabash Rwy. Co. LLEH FOREIGN EXCHANGE. (Quotations furnished by W. B, Hibbs & Co.) Nominal gold Selling checks e today. 84907 i Madrid, v Vienna. schilling Budapest, Pra 12%a13; dirties, No. 1, 42 pounds, 12%a op 13; sverage checks, llailla; storage ! Siolinoim. packed, firsta, 143, ). — Call | taxed. | New York Cotton By the Associated Press. NEW YORK, June 22—An early advance of 12 to 14 points in cotton today met realizing and scattered sell- ing and after selling up to 9.67 for October contract prices reacted par- tially. In the late trading October was selling around 9.57, or 10 points under the best, with the general list showing net advances of 3 to 7 points. ‘The market eased later in the day under increased liquidation and the | | decline in the stock market. Putures closed barely steady, 2 to 7 lower; July, 9.21-23; October, 9.47-49: December, 9.64-65: January, 9.73; March, 9.88; July . Cctober December January March May Chicago Grain By the Associated Press. CHICAGO, June 22.—All the grain markets were broad affairs today, with rushes of buying meeting with heavy profit-taking sales, but prices averag- ing higher and breaking records. Wheat came within a cent of reach- ing 90 cents a bushel, as compared with highest previous quotations this season of 823 cents. Today’s acme for wheat, 89 cents, was attained on the purchase of 100,000 bushels of May wheat, for delivery next year. The sea- son's top heretofore wils 823; for July a few days ago. Oats today made a sensational ex- hibit, showing more than 100 per cent advance of late and reflecting reported | likelihood of the smallest crop in 20 years. | The transactions in May wheat were | exceptional, and trading in that delivery | almost a year in advance were unusual, | Closing quotations on the active months, July, September and December, were firm, unchanged to 5% higher, as com- pared with yesterday's finish, corn un- changed to 3; off, Oats, }2a% up, and provisions varying from 7 cents decline to o Ae_sunl advance. July o e e Beptember s December CORN-— July September December of July’ Z September Degember CHICAGO DAIRY MARKET. CHICAGO, June 22 (#).—Butter—Re- ! ceipts, 14,647 tubs; ste £ e steady, prices un Eggs—Receipts, 15,869 cases; - Tml firsts, 13; e f}'esuh fl‘ad!d firsts, pts, 11%; storage packed firsts, 13%; storage packed ex- tras, 1315, Poultry, live — Receipts, 27 trucks; steady; hens, 10al1l; Leghorn hens, 8 roosters, 8; No. 2, 6; Spring ducks, ; old ducks, 5a7 geese, 6)2; Leghorn broilers, 11al3; io‘:xmbrowm, 15a17; colored brotlers, - BALTIMORE STOCKS. Special Dispatch to The Star. » BALTIMORE, June 22.— L cker com. ales STOCKS. 101 Arundel Corporation . 80 Black & 5C & P Tel Balto nfd. Manufacturers Fin Co’ 189 Maryland Casualty Co 79 New Amsterdam Cas Co. 37 Pa Water & Power. 350U 8 Fidelity & Gui BONDS. Market Averages By the Associated Press. 50 20 _20 . 9 Indus. Rails. Util. Total 42 4401081 812 5.0 105 834 o H 511 0% (1ont) " 53310 (Gopyright, 1033, Stant TELEPHONE Dlstrict 2255 Auchincloss, Parker & Redpath Members New York Stock Exchange Members Washington Stock Exchange Associate Members New Y ork Curb Exchange National Savings & Trust Building 719 Fifteenth Street Telephone: *Hugh D. Auchincloss Richard P. Dunn *Member N. Y. Stock Exchange. ‘Wm. Jasper DuBoge James L. Quinn Management Automobile Insurance "Mortgage Loans Charles P. Lukens, Jr. Harry E. Moore METROPOLITAN 3116 Chauncey G. Parker, Jr. Albert G. Redpath Harold C. Patterson A. R. Towner Mortgage Loans Fire Insurance —offer many advantages come-producing type of investment. For more than forty years our First Mortgages have been popular with conservative investors. B. F. SAUL CO. Real Estate 925 15th St. N.W. scpnerson Square Nat’l 2100 ‘We announce that we have become members of Commodity Exchange 5 Inc., New York City ‘We execute orders in all commodity *futures™y on that and other exchanges, including GRAIN - SILVER « SUGAR . COTTON COFFEE RUBBER HIDES . SILK « COPPER « TIN « WOOL TOP! Private wires to the floors of the leading com« modity and security exchanges. CHAS. D. BARNEY & CO. ESTABLISHED 1873 MEMBERS OF Mow York Stock Exchange New York Curb Exchange Philadelphia Stock Exchange Chicago Stock Exchange New York Produce Exchange New York Cotton Exchange Chicage Board of Trade N. Y. Coffes & Sugar Exchangs Commodity Eschange, Ine. w-d-.-,p:-mn-.. 737 15th St., N. W., Washingten, D. C. Ground Telephone: District 4366