Evening Star Newspaper, June 23, 1933, Page 15

FINANCIAL BONDS ON N. Y. STOCK EXCHANGE Received by Private Wire Direct to The Star Office. DOMESTIC BONDS DISPLAY FIRMNESS Emphasis Placed on Higher Grade Utilities and Rails in Afternoon. BY JOHN A. CRONE. Wpecial Dispatch to The St: NEW YORK, June 23—The domestic bond list firmed during early trading ‘today, with emphasis again on junior ralls in the speculative group and gilt- edged utilities in the investment divi- | sion. Treasury issues at this time were‘ higher but receded later, The foreign | (Bales ar Lib 3% s 32-47. Lib 1st 4s 32-37 Lib 1st4%s 32 Lib 4th 438 33-38 103 US3s61-566. 99 3145 46-49. 3% s M41-43. 3%sJ 40-43.. 3% s43-47. 3%s 46-56. 48 44-54.., 4%s47-52... u U u U u U U | Alleghany bs 5 Allis-Chalm 6s'37. Am F P 58 2030 AmIGCh5%s'49. Am Intl 5%8°49 classification, however, was somewhat unsettled by the decline in French u.nd‘ German governments. Most of the buy‘lng in high-grade utflitles came from New England and the South, in such regions where banks | and institutions have been placed in sound positions as a result of the clean- | 118 out of collateralled loans without, or st minimum, losses as & result of the recent rise in markets. Insurance Loans Increase. Life insurance companies within the | Jast few days have not been as prom- inent as other buyers. Lifting of all or most restrictions on borrowing against policles has caused a resump- | tion of loan seeking. To the extent, that such borrowing could be checked | against a few local companies it would | appear that borrowers plan to use such | funds to acquire homes. This is not| surprising in view of the fact that some savings institutions are still severely restricting withdrawals, in| some instances going so far as offering to make out withdrawal checks to the wltimate check receiver. Swiss 5'%s, up more than 2 points and at & new peak for the year, were one of the few exceptions to the gen- eral heaviness in foreign loans in the afternoon. While most local tractions ‘slipped, Federal Light & Traction first 6s of 1942 gained 2% points. In third- grade rails Minneapolis & St. Louls 5s of 1962 rose a point to & new high level. In speculative in- dustrials the 31.-point spurt in Schuico 6%s to & new maximum was a feature. Dull in Afternoon. The market continued dull in the afternoon trld.mg when the high-grade utflities | and recorded the best gains and mdmm-); n.nd second-grade Am Sm&Ref 65 '47. Am Sug Ref 6s'37. Am T&T 4%s'39.. Am T&T c tr bs "46. Am T&T deb 6s '60. Am T&T deb 6s '65. Am T&T 5%s'43. . Am Wat Wks 6534 Am W W &E 6s'75 Am Wr Pap 65 '47.. Antloquia 7s '45 Argentine 5%s '62. Argentine 68’59 Oc Argentine 6s A '57. Argentine 6s B '58. Arm & o 43%s°39. Arm Del 535 '43. Assoc O11 65 '35 Atchison gn 4: Atchison 4%s AtIC L 1st 4s'5: A1l C L col 4s "6 AtICLun4%s Atl Gulf&WI 58’5 Atl Ref db 5s'37... Australia 4% Australia 5s 55 Australia 5357 Austrian 7s 43, B&O1st4s’ss B&O4%s’'33... B&O4%="60.. B&O1st5s’48 B &Oref5s’'9s B&Ort 53 D 200 B&Orf6sC'95. B&OP&EWV 4841 B&0Swav5s's0. Ban & Aroos 4s'51.. Batav Pet 43434 Belgium 6s "65 Belgium 6%s Belgium 7s'55. B Bell Tel Pa Benef Loan 6s°46.. Berlin Cy Ki 63°55. carriers the largest losses. fe e the frac- tional gains Lhu;mud! nion Gas 5: | in on Gas 5s | of 1950. Detroit Edison 5s of 1950 and New York Edison 6s, the better tone of | New Ya'k Central 3%s and New York 1 ‘Central-Michigan Central 315s, the wid el ‘break in Missouri-Tllinois 5s of 1959, and | heaviness in Otis Steel first 6s find\ American Chemical convertible 512s. | The final hour was marked by a reces- | sion in United States Oflvernm:;lu the line of vernments, some ::t-np in ln%l'-fll‘odebmtures. such ‘as National Steel Sl at a new top for nn, some recovery in junior rails, like Paul Adjustments, and firmness of flh better-grade carriers. The market closed dpll and somewhat irregular. (Copyright, 1933.) GRAIN-FED STEERS - ADVANCE IN PRICE Higher Level Laid to Smaller Sup- ply—Fat Lambs Also Rise, but Hogs Decline 10 to 20 Cents. By the Associated Press. CHICAGO, June 23.—Strictly grain- fed steers and yearlings, which have been depressed recently by & combina- tion of record heat waves and giant Teceipts, advanced promptly this week when supply figures abated. Upturns lmwnced to 15-25 cents, :m:tly grass cattle remaining Very liberal receipts of hncl led to slow, uneven markets amounting at the pnncé; tures and dry weather over the corn belt were factors in the general cattle market, lack of rain fur- ther weakening stocker and feeder| . Another influence which dur- three weeks has sent re- placement cattle 50-75 cents lower was the seasonal increase in native And now_the native supp! being increased by Sflm.hwmms u .well as Northwestern grass cattle. In hogs it 1::"!‘ e:h dawkmd‘ e. 5 ’f;’,“'“ specializing in fresh pork found them- selves confronted with a 7.00-7.50 ‘wholesale loin market, this tending to make current live prices relatively high, even though live hogs are selling un- | & 50-1.00 under the season’s high | €. Canadian Wheat Exports. PORT WILLIAM, June 23 () —Ex-| pwt clearances of Canadian wheat from ports last week were 3,539,005 bush- | ell. ouv. of 5,204,000 (Y all North Amer- pued with 4,111,735 a year ago, ucordl.ux s report of the Board of Commissioners. Visible Canadian 'lnt at all points is lower by nearly a millfon bushels, being 192,157,278, com- pu-ed vm,h 135519 389 a yu.r ago. METAL KABKET. NEW YORK, June 23 (#)—Copper electrolytic spot and future, 8. easier, spot and nearby, 44.62; fu- ture, 448 Iron quiet, unchanged. Lead steady, spot, New York, 4.20; East uis, 05 Zinc quiet, East St. d future, 4.35. Antimonmy, Louis, spot an spot, 7.00. Washington Stork Exchange SALES. Potomac Electric 5% % 108, 10 at 108, 5 at 108, 6 AFTER CALL. Caj lfll Traction 55—8$500 at 45%. - tia & Potomac R. R. 55—$1,000 at 43, $1,000 at 43. Bid and Asked Prices. BONDS. PUBLIC UTILITY, & Tel Tel pfd.—10 at at 108, Asked. 4%s 39 TR e 97 c-pxm Traction R. R City & ‘Suburban 55 Georgetown Gas 1st bs ns. 5% 1653 & W m Hlec. Power 6%, pfd. . || 1 Elec. x sk pld Wasn Ry, & L com (30 Wash. Ruy. & EL pfd. (5) MISCELLANEOUS. ...A.. @) erlin 638 '5 B | Berlin CEl 6% Berlin C El 61469, Beth Stl pm 58 '36. | Beth Stl rf 5342, Bolivia 7s'58 Bolivia Bolivia Bordeaux 6s ‘34 Bes & Me 4%s'61J. Bos & Me 5855 Bos & Me 58 '67 Brazil 6343 '26- Brazil 8s 41 Bremen 7s '35 Bklyn Ed 55 A '49.. Bklyn Man 6s A '68 Bklyn Un Gas 55’50 5 Budapest Buenos A R Bush Ter con Bush T Bldg 6 Calif Packing 55’40 Can Nat Ry 4%s ‘8 Can Nat Ry 4% 8’56 Can Nat 5s°69 July Can Nat Ry bs "ll'l. . Can Pac bs 44 cf Can Pac 4. . Car Clin & O 55' Car Clin & O 6s'52. Cent Ga cn bs *45. Cent 111 E&G 58 5. Cent Pac 1st 4 "¢ Cent Pac 5s '60. Cen Ry NJ gn 58’87 Cert-td db 5% 343, 20 Ches Corp 53 *47...243 5 63 2¢ 3 60 8 o wuufinnmanwug@—-nnnnmsw CB&Q I113%s 49 CB&Q Il 4s'49.... 2 Chi & Est 111 58’51 9 Chi Grt West 45’59, 19 C M & StP gn 4s’89. 22 Chi M & StP 4%sC 25 C M&StP 4% '89 C M StP&P b8 316 CMA&StP ad 6s 2000 793 Chi&NW gn 314587 8 Chi & NW gn 4s'87, 12 Chi&NW 4%s 2037 106 Chi&NW 43%sC'37. 9 Chi & NW 4%s '49.356 | Chi&NW rf 552037 22 |Chi& NW 6%s'26. 3 Chi RI&P gn 4s°'88. Chi RI&P rf 4s'34. CRiR1&P 4%s'52 Chi RI4%s"60.... CTH&SE 1st 5560, CTH&SE in 55’60 5 ChiUn St 58’44 6 Chi Un Sta 6s B'63, 10 Childs dn: 53°43. Chile 6s°61 Sept. Chile 6s°63.. Chile 78 *42. . Chile Cop db 55 °47. Chile Mtg Bk 6561 Chi Mtg Bk 6% '57 Chi Mtg Bk 6%'61. Chin GVtRy 5s'51 Cin Un Trm bs 2020 CCC&St L 4%sE'TT CCC & St L 55 D'63 Clev Term 5s B Clev Ter 5%SA” Colomb 65’61 Jan Colomb 6361 Oct. Colon O1l 6s ‘38 Colo & Sou 4%s Col G&E 6s ‘52 May Col Gas & E 55 °61.. Com Inves 5%s '49. Con G NY 4%s'51. Con Gas N Y 5s°57. Con G NY %846, Con P Jap 6%s '50. Consum Pow 5s'52 Copenhag 4%s '53. Cuba 5%8°45. . Cuba Nor 534542 Czecho 8s 62 Del&Hud ref D&RGW Det Ed 4%3 D61, Det Edison rf 58°49 24 Det Edison 58 '52.. Det Bdisén 55 '55. . Duquesned % Dutch East 1 lrlt ref 55 '76. Fiat deb 734 Finland 6% ‘5! Finiand 78 '50. UNITED STATES. High. Low. Close. 102 30 101 81 . 10219 100 10 10212 10211 10218 1051 106 17 1105 Sales. Hign. Abitibi PAP 5s°63. 8 22 2 $1.000. Gelsenk’hen 63 ‘34. Gen Baking 6% 540 Gen St Cas 5% Gen Th Eq 6s *4 Ger Cent Bk Ger Cen BJ 102 24 10226 101 31 10212 61033 98 28 100 4 1029 1029 102 14 105 106 14 1103 10211 102 14 105 106 14 11038 German 6348 '50. .. German Réep 75 '43. GoodHopeS&I 75’45 Goudrich 68 °45. ... Goddrich 6%s "47.. Goodyr Rub 55’67, . Grpnd Trunk 6x'36. Grand Trunk 75'40. Gt Brit&Ir 5%5 37 41 Grt Nor 4%s D "76. Grt Nor 414 E"77. Grt Nor gn 7s ' 13reek 65 68. . Hungary 7%s *41.. 111 Bell Tell 63 '5 11l Cent cl tr 48 '53. Il Cent rf 4s 55 Il Cent 4% s "66. Inland St 43%s B'81. Int Rap Trrf 55’66 Int Rap Tr 6s '32 Int Rap Tr 7s 33 Int Cement 5s 48 Int&GtNaj Int Hydro El Int Mer Mar 6s'41. Int Pap ref 5s A'47. Int Pap 6s'56. . Int Ry CA 5s'72... IntT&T 4%8°39.. IntT& T 4%s"53., ™t T&T6s'56.... Italy 7s'51.. Italy Pub 7s°62. Japanese 6%s Jugosl Bnk 785 Kan C PAL 43 Kan City Sou 38'50. Kan City Sou 55'50. Kan City Ter 4560, Kan G&B u/.-'to. Kend 5%s l ww. Kresge Found 6s'3¢ Laclede Gas 5s "34.. 5%s C'53 %' Leh Valcn 45 2003, Leh V cn 4%s 2003 Lig & Myers 55'51.. Lig & Myers 78 '44. Loew's 63 '41. . Long Isirf 454 Long Isl db 5s 31 9 Lou G & KI 65 A'52. L &N uni 43 '40. L &N 4%sC 2003, L& N5sB2003. Lycas 6s'34.. McKes & R 5% #°50. Manhat Ry cn 4890 Market St 7s A "40 Marseille 63 ‘34 Mex 4s ast 190 Mex 4s ast 1910-45. Milan 6%s ‘52, M1l E Ry&L bs Mil E Ry&L 6s°7. 3 MSP&SSM cn 4s '3 MSP&SSM 5s z!'!l 90U 9014 9% Mo Pac 5%3 A 3. 953 Mont Pow 65 *43. ... 95% 95% Mont Pwr 55 A '62. 104 {04 Montevideo 7s '52. . 102% 1024 Mor&Co 1st 4% 5'39 it Nassau Elec 45 '51. 5 NEng T 1st 5353 N J Power 65°60. NOT&Min5s'35 NOT&MGb%s'54.. NYCenu%l'n.. N Y Cent db NYCent4s’ss.... NYCrf4%n3013. NYCrt 013: 102% 102% 91 0% 91% 91% 105% 106 7 NYC&StLS %sA'T4. NYC&StL 1st 65'32 N Y Edison 55 B'44 N Y Edison 5s C'51. NYEdrf 6%s°41 N Y EL H&P GI’CQ‘. Nor & Wn div eis North Am Co 6561, Nor Am Ed 55 C'69. Nor Am E 533 '63. Nor Ger Ltd 65°47. NorOT&L 6347, Nor Pac gn 38 2047 Nor Pac 45°97..... Nor Pac 4% 8 2047, Nor Pacr 1652047, Nor St Pw 55 A 41, Nor St Pw 63 B'41. Norway s Norway 5%s 65 Norway 6s Norway Norway 6s°5 Oreg-Wash 48 Orfent Dev 5% Pac G&E bs 43 Pac T&T 1st b Pac T&T rf bs Pan Am Pet 65 "4 Paramount 6s '47.. Param-Pub 5%s'50 Pathe Exch 78 '37.. Penn sta 45 Penn 4%s D Penn cn 4% 39 9 101% 101 104% 104% 46% 12% 13 Penn 6%s '36. Penn O&D 41%48'77. Penn P&L 4% Pere Marq 414 Pere M 1st 6s'66 | Peru 6s " Peru 78’69 Phila Elec Phila & Read 6343 Philippine R 45 '37. | Phillip Pet 5% s 39 PCC&StLGsA'T0 Poland 6s°40...... 14 | Poland 78 °47...... Porto Alegre 85'61. Port Gn El 443’60 Por RAm T 68'42. Pos Tel & C 58°63. . 100% s Stl Car 68 '33 iy 5 104 107% i Pub Sv G 4%s 56 55% | Pure Of1 5% 617 Pure Oil 5% 50 " Queenslana 50% { Queensland 7541 99% 100 | Read 4%s A 97, 694 69% | Reading 4% s B'97. 7 75 ' Read JerCn 4s'51. ‘31 Bales. French Gv 7% s'¢1. High. Low. 128% 51% 101% 5% 5 . Rhine West 7s '50. Rich Oil Cal 63°4 StL IM R&G St L&SF 45 A "5 StL&SF4%4a"8. StL SF 4%#'T8ct st St L SW 1st 68°52.. St P Un Dep bs'72. San A& AP 4s'43. Sao Paulo 78 °40... Sao Paulo 8s'50. Saxon P W 634’61, Saxon 7s45... Seab A L adj 55’49, Seab AL 6sA’45.. Shell U O1l 58°47... Shell U O 53 '49ww. Silesia Prov 7s '58. Sinc Oil 6%s B '38, Sinc Ofl 7s A '37. Sinc P L 63’42, Skelly Oil 6% Solssons s '36. Solvay Am bs SouP 4%s'6d ww.. '8 77 Sou Ry gn 434’56 Sou Ry 5s "94 Sou R gn 6. Sou Ry 6% SW Bell 'x‘z A ‘5. StOIINJbs StOIINY 4% Studebaker Swiss 5*. 4...... Taiwan E P 6%s'71 Tenn I P 65 A '47.. Ter As St L 4553 Ter As St L 5544 Tex & Ark 5%8'50 Tex Corp cv 5s *44 ‘Tex&P 1st 58 200 Tex & P5sC'T9 Tex & Pac 58 D ‘Third Av rf 45°60., Third Av 1st 5s"; .'l7.v Third Av adj 65°60. ‘Tob P NJ 6%s 2022 Tokio 5%s .. Tokio E1 Lt 6s°53.. Union EI L&P 5857 Un Pac 1at 43 '47. Un Pac 4s68. .. Un Pac rf 4s 2008 Un Pac 4%s 67 Un P 1st rf 58 200! United Drug s *5 U S Rubber 55 '47 UnStW6%s A4 UnStW ehs A FPeORANNNaNR oSN~ 00 eoaea~an Util Pow 5% 47 Va Ry 1st s A'62.. Va Ry & Pw 6s°'34.. Wabash 4%8°78. .. Wabash 1st 5539 Wabash 24 55’39 e e West Union 6s *51 West Union 6. West Un6%s'3 Westphalia 6s°53. . Wil& Co 1st 6s°41. Wis Cent Tm 45°36. - S8e ne g tnmill i CHICAGO, June 23 (#).—All future deliveries of wheat, oats and rye jumped late today to beyond season high price Reports were current indicating tre- mendous crop damage had been done Northwest by recent heat and drought, especially in the Dakotas and Minne- sota. Unofficial estimates were that the 1933 probable production of wheat in the United States would fall below the actual domestic disappearance in recent years. A rush of general commission house purchasing lifted prices sharply in the late dealings, and far more than offset early declines. ‘Wheast closed buoyant, at the day’s top level, 15%a23% above yesterday’s fin- ish; corn, %alls up; oats, %al% ad- vanced, and provisions, 5 to 10 cents Low, High. A .mt& New York Cotton By the Associated Press. NEW YORK, June 23.—Cotton was less active today. Early advances me followed by reactions under and some scattered Southern umn After easing from 9.61 to 9.48 for Octo- ber contracts, buying improved and there were rallies of 8 or 10 points, with | Rom. the midafternoon market steady at net advances of 3 to 6 points. The market was active and firm late | Y in the day on renewed general buying | Pr. and the sharp advance in wheat and stock prices. Futures closed firm, 16 to higher; July, 9.37-40; i ; December, 9.80-82; January, 9.90-91; March, 10.05; May, 10.20. Spot quiet; middling, 9.50. Open. July . 930 October 958 December.. 975 January . e h woR Contmct Total Soars. NEW YORK, June 23 (#).—Award of four contracts amounting to_$18,000,000 helped raise the total of heavy con- struction contracts for the week ended June 19 to $29,329,000, a volume_ sur- passed only twice this year, says Engi- neering News-Record. The previous week's lnrecwe was 312 /496,000, MONEY HABKET NEW YORK, June 23 (#).—Call money steady; 1 per cent all day. Time loans firmer; 60 days, %; 3-4 months, 1; 5-6 months, 1% per cent. Prime commercial paper, 115, Bankers' acceptances unchanged. BALTIMORE STOCKS. Special Dispatch to The Star. BALTIMOR.E, June 23.— Bule 12 55.-ck & P Tel Balto pfd. 3 Commercial Ored. %, iat ptd 20 Commercial Cred 3} Convoliatea Gas com.” & Con Gas b7 cum pld D STOCKS. Decker ‘com . 0 W 100W B & A Rai October, | Stoci JUN FINANCIAL HOUSES TALK SHORT WEEK | * Possibility of Five or Six Day Market Sessions Also Being Discussed. Special Dispatch to The Star. NEW YORK, June 23—Will com- modity and sectrity markets hereafter be open five or six days a week? This question is being much discussed in Wall Street. Some of the smaller com- modity exchanges always close on Sat- urdays for the three Summer months, but none of the security and major commodity marts shut down except when compelled to do so by legal holi- days. The question of a five or six day week is far from academic, for the average house, brokerage, investment or banking, is still understaffed, despite the recent increase in workers. Skele- fon forces have been deluged with work. They have had to work over- time—most of them late every Satur- day and eight hours or longer on Sun- day. These overworked clerks are quick to point out that Saturday closings would mean an end to late hours that day and eliminate Sunday work. On the other hand, if Wall Street intends to go along with the apparent majority of industrial interests in the recovery program it will try to shorten hours as much as possible and thus make room for more workers. This would mean a continuation of Satur- day trading. In some quarters in Wall Street, just as in some places in the business world there is a tendency to ridicule recovery attempts. When the recovery program is fully launched, however, Washing- ton is expected to turn its attention to * | the financial district and compel certain firms and institutions, including banks, to hire necessary help and to raise com- pensation in line 'fl.h living costs. (Copyright, 1933)) +|NEW PEAK REACHED INAUTO PRODUCTION Total for Week Ending Tomorrow Set at 58,689 Units—Big Gain Seen for Month. By the Associated Press. DETROIT, June 23.—Cram's auto- motive reports in a weekly analysis of the automobile industry today says pro- duction for the week en tomorrow will total 58,689 units, ti highest weekly figure of the year to date. Ten passenger car producers increased out- put and only three reduced their sched- ules. ‘The analysis places total production of passenger cars and trucks in_the| United States and Canada during June | at approximately 250,000 units, & gain of about 32 per cent over June, 1932. I This is the first year since 1922 that June production has exceeded May. Referring to a slight recession in re- tail sales of passenger cars this week, the survey says: “It is not likely this fluctuation sig- nifies any sustained halt to the.trend of the last three months, for an in- creasing number of dealers’ confiden- tial reports show continued improve- ! ment in general conditions. * * * There is nothing in the general situation to indicate the sales peak reached.” . CONTINENTAL SHARES RECEIVERSHIP ORDERED Special Dispatch to The Star. BALTIMORE, June 23.—Continental Shares, Inc., vast investment company into which the American. public put $112,000,000, orde! ship yesterday by Judge Eugene onunmy in Circuit Court. The receivership was ordered as the result of a suit by George Columbus, Ohio, & stockholder. unconf tested. Judge O'Dunne appointed William D. MacMillan, Baltimore attorney, as re- ceiver. An ancillary receiver will soon be appointed in Cleveland, where the firm, which is & Maryland corporation, has its offices, to carry on the actual work of liquidation. Mr. Gugel said that Cyrus Eaton, once president of the Continental, owes it $5,887,000 on confessed judgments today. The company is owed $30,000,- 000 by the brokerage house of Otis & Co., of which Eaton was controlling figure, Gugel added. It was .|RESERVE GOLD RATIO - SHOWS NOMINAL GAIN By the Associated Press. The ratio of total gold reserves of the 12 Federal Reserve Banks and other cash to deposit and note labilities showed a nominal increase during the week ended June 21 as the change was calculated by the Reserve Board. In the table that follows, the ratio is given for comparable periods, as an- nounced by the board: Week ended June 21 68.5 per cent o 8.3 per cent ..59.3 per cent FOREIGN EXCHANGE. (Quotations furnished by W. B. Hibbs & Co.) Wominal sold Selling checks value. :d $4 R85 01%¢ Do .m.,g.._u S35 085, R S TeIRRRLIEATY cron Montreal, discount, 9% . o U. 8. TREASURY CERTIFICATES (Reported by Chas. D. Barney & Co.) ot $5553535555% 22, bt SO a9 STRSERTS: S 332 . SHORT-TERM SECURITIES. (Reported by Chas. D. Barney & Co) Alli#Chalmers Co. 5s 1937 . 88 American Beet Susar 65 10 35 71 & Tel ks A wat Bs. Amiine Heminawar 68 1038 Bethlenem Steel Co. 53 1036 California Packing &s 1040, Galorado & So. Ry. 4%as 1035 Commercial Credit 525 1035. ois 145 10: Klv wne ‘l‘clennone Bs uns Laclede' Gas Tieht 55 1034 Lake Erie & W. has ,b:enl red into receiver- | L. Gugel of | NE 23, 1933 Dollar Makers BY GEORGE T. EAGER. A specialty salesman recently received telegraphic instructions from his home. office to immediately on a very pmlnem base ball phyer and present him with a special busi- ness proposition. His great 5 larity had evidently forced him to pro- tect himself against all efforts to see him. After varicus unsuccessful at. tempts the sales- man's ingenuity work out an idea which won. He walked over to a florist’s shop and ordered an in- expensive bunch of flowers to be deliv- ered to the base ‘When asked for the address, that the florist call the 1 stadium and ask for it. Such a request from a well known local florist with flowers to deliver could not be re- fused. Information about the hotel and room number came back immediately. “Do it with flowers” has become this salesman’s rule in all similar situations. (Copyright, 1933, by the Bell Syndicate, Inc.) quhington 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}; current receipts, 11a13; hennery whites, 14al5. Poultry, alive—Turkeys, hens, 10; toms, 8; chickens, Plymouth Rocks, 19a20; Leghorns, 14a16; hens, mixed 10a11; horns, 8a9; capons, zsm- Toosters, 5aT. druned—'nnkm, hm 13; Rocks, 5. —Beef, 11; veal, 9a9l2; lamb, Fall, 15; pork loins, 14; 14; smoked hams, 15%; 6; lard, 8a8!3; com- d, Live mck—floa light, 4.00a4.70; medium, 4.2584.75; heavy, 4.25a4.70; pigs, 3.00a3.75; roughs, 1.50a3.00; calves, 3.0004.00; Spring lambs, 5.00a 6.00. Fruits—Watermelons, . 3521.00; can- taloupes, California, crates, Jumbol. 4.00; standards, 3.50a3.75; Georgia, bushels, 1.25a1.50; hol 30013 25; honeyballs, California, 4.00a 5.00. Georgh bushels, 2.00; cherries. crates, 350a4.00; California, boxes, 1.75 a2.25; apricots, 2.50; plums, 2.75; apples, box stock, 150a2.00; nearby, bushel, 1.25a1.50; oranges, 2.50a3.50; lemons, '300“00 umel. I 3.00; quarts, red, 25 bl.lck 20 huckleber- ries, 8.0029.00; strawberries, 4.0085.00. | vegeublu—l’onm new, per barrel, | 3500600; cld, 100-pound sacks, 2.00: I . 2383250, sweets, 60aTS: | crmzbmu. 1.50; corn, 1.50a1." 75; xplnlch 1.15a1.25; kfle, 50 beets, per 100 bunches, 3.00; carrots, | per 100 bunches, 3.00; ’celery, 4.00; | squash, 75a1.00; asparagus, 1.00a2.00; | peas, 1.50a1.65; okra, 2.00a2.50; enbblve, 40a50; tomatoes, 30-pound lugs, 1.50a 1.75; homegrown, 2 pecks, 2.00; peppers, 1.0022.00; lettuce, Iceberg, 50a4.00; cauliflower, 1.50a1.75; t, 1.00a 2.00; cucumbers, 75a1.50; Norfolk, hot- bed, 2 pecks, 2.00a2.25. CORPORATION REPORTS TRENDS AND PROSPECTS OF LEADING ORGANIZATIONS, NEW YORK, June 23.—Following is today’s summary of corporation news prepared by Standard Statistics Co., Inc, New York, for the Associated Press: Curtiss-Wright Corporation subsid- iary, Curtiss Alrplane & Motor Co., re- ceived an order for 46 all-metal attack planes from United States Army Air Corps; order amounted to about $1,000,- 000, excluding engines. Continental Motors Corporation def- 918 vs. deficit $1,026,660. Bigelow-Sanford Carpet Co., Inc., In- creased its working force by 650 in last two months. Gorham Manufacturing co—sflver inventory of com shows an appre ciation in value of about 40 eent Buumm _& Ohio to show earrings balance for pre!erred stock in June. Sears, Roebuck & Co. sales, four weeks ended June 18, off 17.6 per cent; 20 weeks off 16.5 per cent; it was said com- pany continued tq run comfortably in the black and indications are it would be able to break even or better for the six perlodl ending July 16. Pflm Corporation deficit, 53 ween nded December 31, $16,150,515 vs. dancit MIGS 557 in 52 weeks en December 26, 1931 Ford Motor Co., Somerville plant, has increased pmducuon and is working on s :klna-hnur daily nch:dule six days a we operated on & five-day E:llns Swift & Co. asked District of Colum- bia Supreme Court for extension to June 15, 1934, within which to dispose of its controlling interest in Libby, Mc- Neill & Libby. Atlas Corporation made exchange of- fer to Reliance International Corpora- tion Class “A” stockholders of one- quarter of a share of Atlas c: for each “A” common. share of Reliance. Missouri Pacific Railroad — Federal Court, St. Louis, has appointed two trus- tees to operate this road under the amended bankruptcy law; court also named a special master to hear evi- dence concerning transactions between company and the Van Sweringen inter- Consolidated Gas, Electric Light & Power Co. of Baltimore—President stated that taxes this year would amount to 29.23 per cent of year's net operating revenue. Du Pont (E. I) de Nemours & Co., Inc., increased wages 5 per cent at D]eer:wtm Point and Carneys Point plants. Market Averages By the Associated Press. = b:mec'uwgg 253825 2LI12E, oo Hish (1033 Hen Gosty. Low (1931).. 0=bnau~hvnggg- ™ BGrircotsto DS B DORSAIDPI B s @ e CEETT ydews { FINANCIAL. AVERAGE CREDIT VOLUME DECLINES $6,000,000 Drop Is Revealed From Reserve Total of Preceding Week. By the Assoclated Press. The dally average volume of Federal by the Federal Reserve Board to have been $2,203,000,000, a decrease of ceding week and of $92,000,000 com- pared with the corresponding week of 1932, On June 21 total Reserve Bank credit amounted to $2,194,000,000, a decrease crease corresponded with decreases of $76,000,000 in member bank reserve bal- ances, $27,000,000 in money in circu- lation and $4,000,000 in unexpended capital funds, non-member deposits, etc, offset in part by a decreasé of }wogooon in Treasury currency ad- mu- discounted decreased $23, oooooo and San Francisco and $32,000,000 at all Federal Reserve Banks. The system’s holding of bills bought in open market declined $1,000,000, while holdings of United States Treas- ury notes increased $10,000,000 and o Treasury certificates and bills $13,- 000,000. | Combined resources and liabilities of the 12 Reserve Banks at the close Dl business Wednesday were reported lasi night, in thousands of dollars, as !ol- lows: RESOURCES. Gold with Pederal Reserve ts $2,756.! 8ol T imptsen fund wiin Taneq s 780003 af ury 44,350 2,801,153 834,024 107,131 Total gold reserves 3,533,208 Other cn sasese pos 387660 Total gold reserves and other ca Redemptior, !unfl—Mull s 5 Bills, discounied Secured by United | States Govern- ment_obligations 47, Others' bills ‘discounted " Total bills discounted . | Bills bought in open L. 0! 8% Government securities— | Bonds | Treasury motes | Certificates and 3,820,268 7392 sect Other securiti Total bills and securities oref Reserve notes in actual P‘:lrc:n’lluon 3,000,286 Reserve ‘Banl etual ‘circulation - . 117774 | atemsber Bank—Reser 2,205,302 !hovn“x;nmes.m z 27 | pecial fl:wllb—mmbfl bank. . Non-member bank en Other deposits .. pedtal devostts Deferred -nunl.my ‘iems. Gepigal raid = All other itabili n-,t‘?‘ o el oid ‘Feseive o o C vy ue 2 deposts and SrarRescrve Rote labiities com- ed Oo:‘annm lubuuy on ‘biiis pur- foreign wfle- 8,89 19,314 43,833 mndmu Reserse Hotes o own Pederal Toves, NAVAL PRESENTATION OF MACON DUE TODAY Admiral King Flies From Here to Take Part in Cere- monies. B the Associated Press. AKRON, Ohio, June 23.—The giant dirigible Macon, sister of the ill-fated U. 8. 8. Akron, will be presented to the mv'{"muymma\mmu icit six months ended April 30, $1,432,- | bre King will Macon on behalf of the Navy and in- stall Comdr. Alger H. Dresel as her skipper. Mayor C. Nelson and repre- In. bout five hours later the Macon will be flown to its base at the Lakehurst Naval Air Station, with Admiral King a8 T. Macon is the world’s largest air- ship. It is 785 feet long and 146 feet and was built at a contract price of $2,450,000. Construction was started in_December, pmzd s few months ago. ‘The most re- t flight was a 48-hour me in 'hlch '.he big ship cruised over the Century of Progress lxpmiflm at Chi~ cago and over several nearby Stat —_— Brokers’ Loans Decline. Loans to brokers and dealers held by New York Federal Reserve member banks for the week ending June 21 were announced by the Federal Reserve Board yesterday as $775,000,000, repre- decrease 000, senting a of $7,000,000 as com- pared with the g week. NEW YORK EGG PRICES. NEW YORK, JIIM 23 (fl"‘ Recelpts, 17,523 cases; colors, special pn:ks ‘or selection from Reserve Bank credit outstanding during | prompted him 1t0|the week ending June 21 was reported of $18,000,000 for the week. This de- | the Federal Reserve Bank of Cle! hmt $2,000,000 each at Phllldelphll spot, | Baltimore Markets I Special Dispatch to The Star. BALTIMORE, Md., June 23.—White Ppotatoes, per 100 pounds, 1.15a1.50; new barrel, 1.50a3.25; sweet potatoes, bushel, 50a1.80; yams, bushel, 65a90; beans, bushel, 75a1.25; asparagus, dozen bunches, 5082.00; beets, hundred bunches, 3.00; cabbage, hamper, 50a85; carrots, bushel, 1.00a1.25; caulifiower, crate, 1.00a2.00; celery, crate, 3.50a5.00; corn, crate, 1.00a2.00; cucumbers, bushel, 50a1.50; eggplants, crate, 1.25a2.25; let- nwe mumxmzou ; lima beans, bushel, 2.00a3.25; onions, per sack, 1.50a1.65; spinach, memll 3 peas, bu.sheL 75a1.50; peppers, bushel, 75a1.50; tomalces, lug, 1.00a1.50; squasia bushel, 50a1.50; lppks bushel, '$5a1.50; | strawberries, crate, 1.50a3.50; grapefruit, box, 2.00a2.25; oranges, box, 3.00a3.50; $6,000,000, as compared with the pre- blackl 40a65; huckleberdes crate, 4.0004.50; cantaloupes, crate, 1.75a4.00. Dairy Markets, ‘Live poultry—Young chickens, Leghorns, 14a17; old hens, 10-13 m— horns, 10; -old’ roosters, 6a8; @ducks, Tald; pmom.pdr 10a13. Egus—Receipts, 1,887 cases; ueeplm. 1233 nflby firnl, 14. ter—Good to ladles, current fancy, 16a17; store ‘Wheat—No. 2 red Winter, Ill"fll:b- domestic, 79; June delivery, July delivery, 18 12 bid. uc:;n—no. 2 sy%.l}ow. spot, damea.lc. | 61a62; cobcorn, per barre! Oats—No. 2 white dO‘mBUI: as to i'el(ht and location, 4312a46%; No. 3, | 42243, Rye—Nearby bag lots, 65a70. Hay—Receipts, none. General hay ‘market is quiet. No surplus of good | timothy. Prices range from $11 to $15 per ton, as to grade and kind. The everything below 3 timothy. Straw—Wheat No. 1 per ton, $12. Oat No. 1 per ton, $12. Live Stock Market. Cattle, 50; mrkn steady. good, 3.00a3. to medium, :75- 3.00; plain to mr. 2.50a2.75; common to plain, 2.25a2.50. Steers—Good to choice, 5.7526.00; mediumtomd.zu 8275; fair to medium, 4.755.25; to falr, 425a4.85; common to 250a2.75. Cows—Good to choice, 3.258 3.50; medium to good, 2.7583.25; fair to medium, 2.25a2.75; plain to fair, 2.008 2.25; common ta piain, 1.2582.00. Heif- COTTON BELT FAVORS ACREAGE REDUCTION PARIS EXCHANGE RATES. PARIS, June 23 ().—Three per cent centes, 68 francs 95 centimes; 4%5‘ INVESTMENT TRUSTS NEW YORK, June 23 (#).—Over-the- counter market: (Quotations as of 12 o'clock.) §§§§§§ 2 Ru 4 7 > 5 R 399 L {13 22, 2 oD S am AU fats 2 tossristns, 22 Shiii ety fresh receipts, 16al8; standards and commercial lhndnd., uu.w. firsts, 14al4%; dirties, No. 1, Wlfldl. 12%al3; storage packed, flxfi!. 14%. Organised 1879 JOHN JOY EDSON, President $2.50 er Share cause they ing plan of o 8E2FS 1.06 116 O Equitable Co-Operative Bldg. Ass’ WALTER 8. PRATT, Jr., Secretary +$6,251,006.24 thmptlm 'for the 105th Issue of Stock Being Received Prosperity Is Yours Through Systematic Saving Thousands today enjoy prosperity be= adopted the systematic sav- the Equitable. Follow their example—save part of your earnings. Come in and wé’ll explain, 915 F St.NW tores nm 63) Fisk Rub 8 72 12% Rem Arms s A ) 1osw Fram Ind 7%s 97 97 Rem RE%{sA4Tww m (1 it bowus sk o FremehQriated.a, 14 1284 226% 126% Roimelbed 7e6 Calif. 55 i Fower Bs 154 Rwy. Co, b8 1930+ va Vlrw Py 33 - % $3.000 Unlted Rz & EKie k- éae 86