Evening Star Newspaper, June 26, 1933, Page 13

FINANCIAL. BONDS ON N. Y. STOCK EXCHANGE SPECULATIVE BOND LIST GOFS HIGHER Junior Rail, Chemical and | Metal Groups Feature Active Trading. BY JOHN A. CRONE. Special Dispatch to The Star. NEW bonds moved swiftly forward under the stimulus of heavy demand today, while high-grade issues were steady to firm, | though somewhat quieter. | Second and third-grade rails led the | early market, thanks to improved earn- ings and preliminary car loading state- ments which point to next Saturday's figures showing the largest gain over the corresponding week of the preced- ing vear since 1929. i ‘The strength of sterling caused Great | Britain 5'4s of 1937 to move to a new high for the year. A rally of the Ger- man government bonds early today in London was felt over here in the fore- noon. Prospects of a world-wide wheat accord brought about a: bettered de- | mand for Argentines governments. Chicago & Northwestern convertible 4%s were the first to be put to a new ak in the junior rail list, as the road dicated that its loadings, through last ‘Thursday maintained their recent high levels and were running 2,000 cars a year ago. St. Paul speculative securities Wwere sought, as this road stated that last week’s traffic was about 3,700 cars above the corresponding period of 1932. National Steel 5s were the first in- dustrial issue to move into new high territory, followed by Central Steel 8s and some of the better grade indus- trials, such as Bethlehem Steel 5s of | 1936. More speculative securities, such | as Warren Brothers 6s. recovered all of their recent losses. Baldwin Locomotive 58 Wsre more active than usual at this riod. Nickel Plate 6s, which rose more than 10 points last week, netted an early advance today of more than two points that lifted them to a new maxi- mum. Coal issues, such as Philadelphia & Reading 55 and Hudson Coal 5s, were in demand for a time. Then the oils pointed higher, without attaining the levels reached last Thursday. Meanwhile the chemical and metal groups were being bid up. American International Chemical 5'2s, American Smelting 5s and St. Joseph Lead 5las shared in this advance. Columbia Gas & Electric 5s of 1961 were somewhat easier. But this type of utility as well as most of the American Telephone bonds lagged around mid-day. CHICAGO LIVE STOCK MARKET CHICAGO, June 26 (#)—(United States Department of Agriculture).— Hogs, 40,000, including 22,000 direct; slow, weak to 10 lower than Friday; 210-300 pounds, 4.40a450; top, 4.50; heavier weights down to 4.25 and be- Jow; 140-200 pounds, 3.2524.40; pigs, 3.00 downward; packing sows, 3.25a3.75; light light, good and choice, 140-160 pounds, 3.25a4.15; light weight, 160-200 pounds, 3.75a4.45: medium weight 200- 250 pounds, 4.40a4.50: heavy weight, 250-350 pounds, 4.30a4.50; packing sows, medium and good, 275-550 pounds, 3.10a4.00; pigs, good and choice, 100- 130 pounds. 2.75a3.25. Cattle, 17.000; calyes, 1500; fed steers and yearlings,” unevenly weak to 25 lower, mostly 25 off on in-between grades; such kinds predominating in run; largely steer crop; practically everything suitable for beef; order buy- ers bought few loads early at 5.50a6.50: | kinds of values to sell at 6.00 downward promised to show most downturn; year- fing heifers 25 lower; bulls and veal- | ers about steady; several loads light- weight fed steers and yearlings held around 7.00. Slaughter cattle and vealers: Steers, good and choice, 550- 900 pounds, 5.25a7.25; 900-1,100 pounds, 5.25a7.25: 1,100-1,300 pounds, 5.25a7.25; 1,300-1,500 pounds, .5.25a6.75; common and medium, 500-1,300 pounds, 3.50a 5.25; heifers, good and choice, 550-750 unds, 5.0026.00; common and medium, .00a5.00; cows, good. 3.25a4.00; com- mon and medium, 2.50a3.25; low cutter and cutter, 1.75a2.75; bulls (yearlings excluded), good (beef), 3.00a3.50; cut- ter, common and medium, 2.50a3.50; wealers, good and choice, 4.75a6.00; me- dium, 4.25a4.75; cull and common, 2.50 2425 Stocker and feeder cattle: - . and choice, 500-1050 unds, l.'l‘hg,ooz common and me- lum, 3.5084.75. Sheep, 12,000: early market hnel; st standstill; few sales, weak to 2 Jower; most interests bidding 25250 lower: closely sorted, 70-76 ~pounds, pative lambs, 7.75; lambs, 90 pounds, down, good and choice. 7.00a7.85; com-~ mon and medium, 5.00a7.00; ewes, 90- 150 pounds, good and choice. 1.7523.00; all weights, commond and medium, 1.25 #2.25. i NEW YORK EGG MARKET EW YORK, June 26 (Special).— Q\ymums for eggs in the wholesale ‘cash market today were: 3 Mixed colors—Special packs, 1615a19: standards, 15%a16; storage packed | frsts, 15a151;; firsts, 142; seconds, 13 21315; medium, 13a13%: dirties. 13a 13%; checks, 1112a12. ‘Whites—Near- by selected, 25a26; Western receipts, specials, 21a2¢; standards, 18a20; un- ‘dergrades. 14a16'%. Browns—Nearby and Western special packs, 17a22; standards, 15'a16. t U8 -TREASUBY BALANCE. By the Associated Press Treasury receipts for June 23 were $5.988.19334; expenditures, $16,621.- 122.76; balance, $984636.983.33. Cus- s duties for 23 days of June were $17,272,918.44. s R G AR | DOLLAR HIGHER AT PARIS. PARIS, June 26 () —The American | @ollar closed at 20.39 francs today, up | 4 centimes from the last Bourse closing on Friday. Washington Stock Exchange SALES. Washington Gas 5s 1960—$500 at 104 Washington Rwy. & Elec. 45—$500 at 863,, $1,000 at 86% Potomac Electric Cons. hington Gas 55 1958—81.000 at 8814 | hington Rwy. & Elec. pfd.—10 at 8 Notice—This exchange will close | Monday and Tuesday next, July 3and 4. Bid and Asked Prices. BONDS. PUBLIC UTILITY. Bi 55—$1,000 at Asked. 8Kz eries B & Elec. 45 MISCELLANEOUS. Barber & Ross, Inc . YORK, June 26.—Speculative | UNITED STATES. (Sales are in $1.000. High. Lo Lib 3% 32- 102 Lib 1st4%s 32 102 | Lib 4th 4% s 33-3| 103 USab1-35. 98 100 102 102 102 104 106 110 X w. 21 1 12 1 1 28 3.1 7 7 15 22 13 Received by Private Wire Direct to The Star Close. 0221 0212 03 98 28 004 Sales. High. Low Cl 28 2 ADItibf PAP 55°53. s Adams Exp 45 '48.. | Alleghany 6s'44.. Alleghany 5549 Alleghany &5 '50 Allis-Chalm 553 Am Beet Sug 6s'35. Am F P 582030.... AmIGChb%s'49. Am Intl5%s8'49. .. Am Metal 53534, Am Sm&Ref 58 '47. Am Sug Ref 65 '37. Am T&T 4%8'39.. Am T&T c tr 55 '46. Am T&T deb 5560 Am T&T deb 55 '65. * Am T&T 5%5'43.. Am Wr Pap 6s'47. Antioguia 7s'45. .. Argentine 538 '62. Argentine 6s 61 M. Argentine 6s'59 Oe Argentine 65 A '57. Argentine 65 B '58. Argentine 6859 Ju Arm & Co 4368°39. Arm Del 53%s 43... Assoc Oil 65'35. ... Atchison gn 43°95. 13 Atchison 4%s 43 AtIC L 1st 48’62 AtIC L col 45 52 AUCL un 4%s'64. Atl Gulf& W1 58'59. Atl Ref db 55 '37 1 4 Australia 53°57. Austrian 7543 B&O1stds’'43 B&OP&WYV 48’41 3 &0 Swdv5s'50., Batav Pet 434542, Benef Loan 65 '46. . Belgium 63 ‘55 Belgium 6 g Belgium 78 '55. ..... Bell Tel Pa bs B'43. Bell Tel Pa 55 C'60. Berlin Cy Kl 65 '55. Berlin C E1 6%48'51. 9. Beth Stl pm 55 °38. Beth Stl rf 55 42 Bolivia 75 '69 Bolivia 85 '4 Bordeaux Bos & Me 53 Bos & Me 53 ‘67 Braril 6348 '26-'57. Brazil 6348 '2 Brasil CR 73'52... Brazil 35 °41. Bremen 7s '35 Bklyn Ed 58 A ‘4 Bklyn Elev e Bklyn Man 6s A 63 Bklyn UnGas 55'45. Bkiyn Un Gas 5'50 Bklyn UnGas 55'67. Budapest 63 °62. ... Buff Gen El 4% 5’81 B R&Pitts 4%s '57 Bush T Bldg 55'60.. Canada 4s'60 5 Canada 4%s'36.... Can Nat 5369 July Can Nat 53’69 Oct.. Can Nat Ry 55°70.. Can Nor 435 '35. Can Nordb 6% 546. Can Nor deb 7s "40. Can Pac 53 '54. Car Clin & O 6s'52. Cent Ga cn 55°45. .. Cent 11l E&G 58 '51. Cerit Pac 1st 45 °49 Cent Pac 58 6 Cert-td db 5%s Res Corp 55 '47 C&Ogen sk C&O4%SA 93, C&O0 435 B9, Chi Ind&L gn 65'66 C M & StP gn 45'89. Chi M & StP 4%sC Chi M&StP 4148 E. Chi&NW 4148 2037.125 Chi&NW 413sC'37. 38 Chi & NW 435 '49. 58 Chi&NW rf bs 2037 Chi & NW 6%s'36. Chi Rwys 5s°27. Chi RI&P rf 43°34. CRiRI&P4%s'52 Chi RI4%s'60.... CTH&SE in 5s°60.. Chi Un Sta 434563 Chi UnSt 58 44.... Chi Un Sta 6%5'63. Childs deb 65 °43. .. Chile 65 60 i 0 9 4 113% 13 49 1215 s a Chile 6361 Sept. Chile 78'42. . Chile Cop db 5s Chile Mtg Bk 6s ‘61 Chin GvtRy 58'51.. Cin Un Trm bs 2020 CCC&St L 4 %8E'77 Cley Term 63 B 73, Ter 6% sA'T2. 03% 16 1 9 s Colomb 63 Colon Of1 6s '38 | Colo & Sou 434335 Colo & Sou 4143’80 Col G&E 68 ‘52 May Col Gas & E 58 '61.. Con G NY 4%8'51. 5% Con Pow Jap Consum Pow 63 '52 Copenhag 5s '52. Cuba 5%s'45 Cuba R R 1st & Cuba RR 1! T%48'36 Cuba Nor 5%43'42.. Czecho 8s ‘52 5 Del & Hud 5% Del Pw&Lt4 s Del&Hud ref 4. Denmark 418 '62.. Denmark 6% Denmark 6 |D&RGren D&RGWE D&RG W ss” Det Edison 63 '52.. Dodge 13ros s '40. Dugu Wash. Cons. Title 85..... . STOCKS. PUBLIC UTILITY. Amer. Tel & Tel (0. pital Traction Co Wash. Gas Lt. Co. (460} N. & W. Steambost (360} Pot. Eléc. Power 6% pid t. Elec. Pwr 53 Bl ‘ah. Rvy. & EL com. (7). b2 Wash. Rwy. & Ei pid. (5). er. Bromo-Selz * Dutch East 1 Erle Com 43 36 Rriecv s A '63. Finland 6%s Finland 6s '4! Finland 6%s Finland 78 Fisk Rub 85 Fla E Coast 6 French Gv 78°¢49... 27 French Gv T%s'¢1. 2 Gen Baking %40 10 102 GenCableb%s'¢7s 2 73 107% 30 49 44 98% 9714 9 101 111% 4% T4 34 34 31% 39 48 106% 35 92% 4 109% 102 11245 465 11t 134 WL 101% 104% 30 102 60% 21% 4615 85% 981s 988 90% 901 907 127 THE EVENING STAR, WASHINGTON, Bales. High. Low. GenPSv5%s'39.. 2 87 8 Gen Th Eq 5s "40. . | Ger Cent Bk 6s'38. . Ger Cen Bk 63 '60 J Ger Cen Bk 65 60 O Ger Cen Bk 75 '60. . Ger Gen Flec . Ger Gov b%s German Re Goudrich 6s '45 Goodyr Rub 5s'57. . Grand Trunk 6536 Grand Trunk 7s'40. Gt Brit&Ir 5% " Grt Nor 4145 D '76. Grt Nor 44 E"77. Cirt Nor 55 C Grt Nor5%s B 52, Grt Nor gn 7s '36.. Hudsom Coal 5. Hud & M adj b Hud & M rf 65 '57.. Humble Ofl 53 '3 111 Bell Tell 53 5/ Ill Cent ct tr 48 '52. 11l Cent cl tr 43 '53. 1l Cent 4% s : 11 Cent ref 5 I11 CCStL&N 4%s. 11l CCSIL&N 5s A . 111 Steel db 4% Inland St 415 Int Cement 55 "48.. Int Rap Trrf 5566 Int Rap Tr 6s°32.. Int Rap Tr 7s 32 Int & Gt N 55 B '56. Int & Gt Nor 8s'52. Int & Gt Naj6s'52, Int Hydro EI 68 "44. Int Mer Mar 6s'41. Int Pap ref 5s A'47. Int Pap 6s'55 21 13 24 324 32 103% 106 105% 693" 69% 614 60 59% 58% 807 807 nt T & T 5s ‘55 Italy 7s'51. Ttaly Pub 7s'52.... Japanese 51 s '65.. 39 Japanese 6%3 54 . Jugosl Bnk 7s '57. . Karstadt 6543 Lack Stl 5s A '50 Laclede Gas 55 Laclede 5%s C'53. Laclede 6%s D '60. Lake Shore 35’97 Leh Val cn 45 2003. In Leh Ven 4%s 2002 Leh Valcn 55 2003. Lig & Myers 5s'51.. Lorillard 5s '61.... Lorillard 7s '44 Lou G & El 5s A’ La & Ark b5 '69 L &N unt 4540 L&N4%sC2003. L& N5sB2003. Lyoas 6s'34. McKes & R 5%5'50 Manhat Ry cn 48'90 Market St 7s A 40. Marseille 6s°34.... Mex 45 ast 1910-45. Midval tl 55 °36. . Milan 6%s "52. . Mil E Ry&L 5s '61. Mil E Ry&L 6s "71. MK&T4sB'62 MSP&SSM cn 4s '38 MSP&SSM 6s gt'3s MSP&SSM 514549 MSP&SSM 534s 78 520 o1 MK & Tadj 53’67, Mo Pac gn 4s 7 Mo Pacrf5s A Mo Pac 5s F '77 Mo Pac5sG'78 Mo Pac 5s1°81 MoPacbls A'49.. Mobile-Ohio £s '38. Mont Pow bs "43. Nassau Elec 4s 51, Nat Dairy 5% s'48.. Nat Steel 5s°56.... 7 N Eng T 1st bs '52.. N J Power 6s'60 NOT& Mbs B'54. OT&M5%s'54. w S Wales 55'58.. Cent 33%s 97 3 Cent db 4s'34. 22 Cent 4s°98.... 11 Crf4%s2013. Crf4%s2013n Crf6s2013... '3 N N N N 80 20 16 2 NYC&StL 4%s 92 NYC&StL5%3A'T4. N Y Edigon 6s C'51. NYEAdrf6%s 41, N Y EL H&P 45’49, NY EL H&P 65 48. NY NH&H 45’56 2 NY NH&H 4s'57.. NY NH&H ¢%s 67 NY NH&H 6548 NY O&W rf 4s " NY Rys Inc 6s NY S&W gn 68 '40. N Y Tel gen 4%s ‘39 NY W&B 4345 '46.. NY S&W 1st 55 '37. Nia Sh Md 5%s'50. Nord 6%s'50 Sl Norf Sou rf 5 £k Nor & Wnen 4596, North Am Co 6s'61. Nor Am Ed 5s A’57. Nor Am Ed 55 C'69. Nor Am E 5%s5’63. Nor Ger Ltd 65 '47. Nor Pac gn 33 2047. Nor Pac 4s'97. 3 Nor Pacr{6s 2047, Nor St Pw 55 A "41. Nor St Pw 63 B '41. Norway 5%s'65... Norway 6s°52. Ohio PS 714346 Ore Sh L 58 gtd Oreg-Wash 43 °61.. Orient Dev 5%s'58 Pac GEE 63 "42.... Pac T&T 1st 65’37, Pac T&T rt 6s'62.. Pan Am Pet 65 '40. Paramount 63 '47. . Param-Pub 5%8'50 Penn sta 4s°48.... Penn 43%s D'81. Penncn 4%8°60. Penn gn 4%s 65 Penn 4%s D70, Penn 4%s 63 Penn 53 '64 Penn 6%s 36 Penn P&L 4%s Peop Gas ref 5841, Pere M 1st 53'56... Peru 6560 Peru 6861, Phila Co 63 '67. Phila Elec 4571 Phila & Read 6 Phillip Pet 6% 539 Pillsh F M 654 PCC&StL5sA 10 P& WV 4%sC60.. Poland 65°40.. Poland Ts '47 Poland 8s 50 Port Gn E14%s 60 Porto Alegre 8s'61 Por RAmT 6s'42.. Pos Tel & C 58'63.. Prussia 6s ‘52 1 Prussia 643 '51. Public Serv 4sT1.. Pub Sv G 4%s'67.. Pub Sv G 414s'70.. Pure Oil 515’37 Pure O1l 5% °40... Queensland 68 '47. . Queensland 7s'41.. Read 4%8 A'97.... Read Jer Cn 4s'51. Rem Arms 68 A '37. Rem R 5% sA'4Tww R Gr do Sul 6s 68.. RIAT& L 4%s 34. Rome 6%48°52. Royal Dutch 4 Rumania 7s'69.... 1 127% SeL 1M R&G 4w'33. 169 102 StL&SF4s A" _BtL&STF 4%, Close. 87 6113 104% 105 Office. Sales. High. Low. Close. StL SF 4%#'78ctst 13 17 16% St L&SF 55 B '50. . 21 SanA & AP 4s’43. 66% St L SW 1st 63’62, a5 StP&KCSL 4%s8'41 Sao Paulo 78 '40... Sao Paulo §s'36. Sao Paulo 85°50. .. xon P W 6145’51 Saxon 7s 45. Feab ALrf 4 55 Seab A L adj 5549, Seab AL 63 A '45.. Serbs-Cr-S17s°62. Sert Shell U Of1 55 °47... Shell U O 55 "49ww Shinyetsu 6%s'52. a Prov 7s '58. Sine Oil 6%s B33, Sinc Oil T8 A "31... Sinc P L 5s 42 Skelly O1l 5% Solssons 6s ‘36 Solvay Am bs '42.. Sou Bell T&T bs'41 Sou Pac col 4349 . Sou Pac rf 48’55, .. Sou Pac 4%4s68. .. SouP 4%s'69 ww. Sou Pac 4%s'81. .. Sou P&OT 4%8A'17 Sou Ry gn 4sA’56. Sou Ry 55 '94 Sou Ry gm 65’5 Sou Ry 6%s 66 . Sou Ry M&O 4838, SW Bell T 53 A '54. StOIl N J 55°46. StOIINY 4%s'51. Studebaker 65 '42. . Sweden 5135 '54 Swiss5%s Tatwan E P 5%s'T1 Tenn BI P 68 A ‘47, Ter As S ‘Ter As S Tex Corp cv 55 "44. Tex&P 1st 5s 2000. Tex & Pac 5s B ‘7. Tex & P 53 C '79. Tex & Pac 58 D Third Av 1st Z Third Av adj 5s°60. Tob P NJ 6% 2022 Tokio 535 °61..... Tokio EI Lt & Union El L&P 58'57 UE&P 1st 5% sA'54 Un Pac 18t 43 '47... Un Pac rf 45 2008. . Un Pac 48’67 UnPlstrfbs2 . United Drug 5 '53. U S Rubber 55 '47.. UnStW 648 AT, Un St W 6%s A'1. Uruguay 6s°60.... Uruguay 8s°46.... Utah P & L bs "44. . Util Pw 53 °59 ww. Util Pow 5%s'47.. Vanadium St 5 Vienna 6s '52 3 Va Ry 1st5s A '62. Va Ry & Pw bs '34. Va SW 1st cn 58' Wabash 4%8°78. .. Wabash 1st 63°39.. Wabash 2d 55’39 Wabash 55 B '76. Wabash 5s D ‘80 Webash 5337 Walworth 6s A Walworth6% 535w Warn Br Pic 6s°39. Warn Quin 6539, . Warren Bros 6s'41. Warsaw 78 '8. ... Wes: Sh 1st 45 2361 West El db 55 44 West Md 18t 45’52, West Pac 5s A 46.. 1 West Un cl tr 55 '38 West Union 5. West Un 634 Westphalia 6 : Wick Sp en ct 7s'35 Wilks B E 1st 55'42 Wil & Co 1st 6541, Wis Cent Tm ¢5'36. Yokohama 6s'61... 3 Ygstn S&T 58 A'T8. 26 Ygstn S&T 58 B'70. 21 NEW YORK B.ANK STOCKS NEW YORK, June 26 (#).—Over-the- counter market: Quotations as of 2 o'clock. BANKS. Bid. Asked Bk Manhattan (2) B1ly Chase Natl (1.40) Commercial (8) xd Pifth Ave (s:4) 103% 1024 974 101w 65 tl City (1) .. ublic’ (1.50) A 2 TRUST COMPANIES, Bankers (1) ... dea Bklyn Trust (4) Cen Hanover (*7) Chemical (1.80) on tal (.80 Corn Exch (3) .. re (1) ¥ T Csi United States *Includes extra. U. S. TREASURY CERTIFICATES (Reported by Chas. D. Barney & Co.) Rate—Matusity Market Averages By the Associated Press. STOCK Indus. Rall 0.4 46 - 6 Today .. Previous " day. Week _ago Month aj w (19 High (1631) Low_(1031) *New 1933 highs, (Copyright. 1933, Stand. Statistics Co.) 3 | 40a50; DO, GERMAN ATTITUDE ONDEBTS PUZZLING . |Favorable Balance of Trade Cited With Threat to Default. BY DR. MAX WINKLER. | Special Dispatch to The Star. NEW YORK, June 26.—With a re- ported favorable balance of trade for | last month of 89,000,000 reichsmarks— equivalent to almost $25.000,000 at current rates of exchange, an amount markedly in excess of previous months’ statistics—Germany's threat to default [ on outstanding foreign debts appears | somewhat puzzling, because the sur- plus of exports—assuming the accuracy | of the figures—is either in excess of or | at least within the requirements for interest payments on the Reich's ex- ternal commitments. Why, then, was it necessary for the Nazi administration to announce through Dr. Hjalmar Schacht that in- terest and amortization on foreign | loans would have to be discontinued? 2s it not been said that continuance of payments depends on improvement in foreign trade? If trade actually has gained, on what grounds can Ger- many defend her latest step? The American investing public, hold- { ing at least $1000,000,000 par value of | German government, state, municipal | | and corporate loans, will be particu- larly hard hit by the above decree. | Requirements for July are relatively and it would be a pity if, for ke of a mere $7.000,000, Germany estroy her credit standing in the United States, which has taken care of | the greater part of the Reich’s require-| ments after its complete collapse in | 1918. | (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, 24; standards, 20; mediums, 20; current receipts, 12a14; hennery whites, 14a16. Poultry, aliive—Turkeys, hens, 10; toms, 8; chickens, Plymouth Rocks, 19a20; Leghorns, 14al6; hens, mixed | 10all; Deghorns, 8a9; capons, roosters, 5a7. Poultry, dressed—Turkeys, hens, 13; toms, 11; chickens, Plymouth Rocks. 15a22; Leghorns, 17a19; hens, mixed colored, 13al4; Leghorns, 11a12; capons, 28a31; roosters, &al0; Long Island ducks, 15. Meats—Beef, 11; veal, 9a9l5: lamb, Spring, 16; Fall, 15; pork loins, 14; fresh hams, 14; smoked hams, 15%;; | strip bacon, 16; lard, 8a8l%; com- pound, 7. Fruits — Watermelons, 40a85; can- taloupes, California, crates, jumbos, 4.00; standards, 3.50a3.75; flats, 1.50; Gecrgia, bushels, 1.25a1.50; honeydews, | Califcrnia, 3.00a3.25; Georgia, 2.00a 2.25 3.00a3.25: honeyballs, Cali- fornia, 4.00a5.00; cherries, crates, ! 3.50a4.00; California, boxes, 1.75a2.25; | | apricots, 2.50: plums, 2.75; apples, box stock, 1.50a2.00; nearby, bushel, 1.25 lemons, ! . limes, Persian, lugs, *2.00a 3.00; bananas, 1.00a3.00; alligator pears, 3.00a3.50; pineapples, 2.50a3.00; rasp- berries, quarts, red, 20; black, 15; huckleberries, 8.0029.00. Vegetables—Potatoes, new, per barrel, 4.00a4.25; old, 100-pound sacks, 2.00; Idaho bakers, 2.25a2.50; sweets, 6037511 string beans, 1.00a1.50; limas, 3.00a3.50+ corn, 1.50a1.75: spinach, 150; kale, 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; cabbage, tomatoes, 30-pound lugs, 1.50a 1.75; homegrown, 2 pecks, 1.50; peppers, 1.00a2.00; lettuce, Iceberg, 3.50a4.00; eggplant, 1.00a1.25; cucumbers, 75a 1.50; Norfolk, hotbed, 2 pecks, 2.00a 2.25; turnips, bushel, 75. CHICAGO DAIRY MARKET. CHICAGO, June. 26 (#).—Butter, 16,888, firm; creamery specials (93 score), 24a24lz; extras (92), 23 tra firsts (90-91), 22a23; firsts (88-89), 20a21; seconds (86-87), 17al8l3; standards (90, centralized carlots), 23';. Eggs—11,361, firm: extra firsts, ; fresh graded firsts, 13%: current ipts, 113;; storage packed firsts, storage packed extras, 14%. 14 SR N FOREIGN EXCHANGE. (Quotations furnished by W. B. Hibbs & Co.) Nominal gold Selling checks lue. today. London, pound. ... $4.20%0 P: franc o 4.0012¢ 3.4%C | Warsaw. zloty 2 AT | Copenhagen. crown. 26 Stockholm, crown Montreel, discount, 9% %. INVESTMENT TRUSTS | | 1 NEW YORK, June 26 (#).—Over- | the-counter market: (Quotations as of 12 o'clock) Bid. ‘Asked | Am Bank Stock..... 16 1ad ah od c Accum’ Ser. | Corp Tr A A | Corporate Trust Ser mod Corp_ Tr Accu Trusted Am JUNE 26, INCREASE IN BANK | CUSTOMERS SEEN | New Guarantee Law Expeet-‘ ed to Promote Public | Confidence. | S 1 | 1933. BY CHAS. P. SHAEFFER, Associated Press Financial Writer. There is a disposition on the part of Treasury officials to temporize their views on the guarantee of bank de- posits since such a law has been writ- ten on the statute books. | Responsible Treasury heads viewed with considerable distaste any sugges- tions for banking reform that included a guarantee of deposits- In this view- | point they sided with the American Bankers' Association that such a statute would pillorize good banking which, in | its opinion, was after all the only real guaranty for bank deposits. A new viewpoint of the deposit guar- | antee feature, recently expressed by a | Treasury official, is that it will serve to protect fully those who are without the proper means of protection—namely the small depositor. In this connection it was pointed out that the large de- positor has a more intimate knowledge of what is going on than does the de- positor with only a few hundred dol- lars to his account. In the first place, the large depositor has a better acquaintance with bank officials and directors. Justly, or other- wise, he receives more intimate advice than does the one whose small account is being carried at an actual loss to the depositary institution It is expected also that the new law will result in a noteworthy increase in the number of bank customers, owing to |the graduatec scale of the amount of deposits guaranteed. VIRGINIA PLANTS BUSY AS ORDERS INCREASE | Special Dispatch to The Star. WINCHESTER, Va., June 26.—In- dustrial plants, including stone quarries | around Millville and Bakerton, as well | as the paper board mill at Halltown, have orders that will keep them busy for some time, it was learned today. The Standard Lime and Stone Co. with plants at Millville and Bakerton, | is back to normal activity, while the| Keystone Limestone and the Jones & Laughlin Cos. works, the former, at| Millville and the latter at Blair, are increasing their output and employing | additional men. FINANCIAL. FIRST MORTGAGE Secured on residences and income-producing propenies in the Dis- trict of Columbia and NOTES adjacent Maryland - 6% H. L. RUST COMPANY 1001 Fifteenth Street _ NAtional 8100 Organized 1879 5?rd YEAR COMPLETED Equitable Co-Operative Bldg. Ass’ JOHN JOY EDSON, President WALTER 8. PRATT, Jr., Secretary Assets ...... $6,251,006.24 Subscriptions for the 105th Issue of Stock Being Received Prosperity Is Yours Through Systematic Saving sz 50 Thousands today enjoy prosperity be- cause they adopted the systematic sav- ing plan of the Equitable. Follow their Per Share example—save part of your earnings. Come in and we'll explain. 915 F St. NW 00000 A T L i Experienced Advertisers Prefer TheStar To Depositors of " GREAT NORTHERN RAILWAY COMPANY FIRST AND REFUNDING MORTGAGE 4'/,9, GOLD BONDS, Series A, due July 1, 1961, under Plan NOTICE IS HEREBY d Agreement dated February 10, 1933 given that the undersigned, in accordance with the terms of Plan and Agreement dated February 10, 1933, have declared said Plan operative and that the undersigned Committee, acting under said Plan and Agreement, has approved the extension of The Saint Paul, Minneapolis and Manitoba Railway Company Con- solidated Mortgage Gold Bonds, due July 1, 1933 upon the terms and conditions of the Plan and Agreement Dated New York, N. Y. June 26, 1933 Crarces R. Beattre Secretary to Committee 2 Wall Street, New York, N. Y. dated May 6, 1933, providing for an extension of such Bonds. - GREAT NORTHERN RArLwAY CoMPANY by Wrrnam P. Kexvey President Jaumzs H. Perixs, Chairman Lzwrs Gawrry Hexry S. Sturcrs Hexzy S. MorGAN Freperick W. WaLxze Committee under Plan and Agreement dated February 10, 1933 To Depositors of THE SAINT PAUL, MINNEAPOLIS AND MANITOBA RAILWAY COMPANY CONSOLIDATED MORTGAGE GOLD BONDS, due July 1, 1933, under Plan and Agteement dated May 6, 1933, Providing for the Extension of said Bonds and J To Holders of said Bonds Referring to notice dated June 12, 1933 heretofore published by Great Northern Railway Company (hereinafter called the Railway Company), notice is hereby signed, in accordance with the terms of the Plan and Agreement dated ven that the under- ay 6, 1933, providing for extension of The Saint Paul, Minneapolis and Manitoba Railway Company Consolidated Mortgage Gold Bonds, has declared said Plan operative, holders of over 80% of said Bonds outstanding having assented to said Plan. . Extended Bonds will not be ready for delivery until engraved extension agreements and coupons have been prepared and at such time a call will be made to surrender Certificates of Deposit, and upon the date specified in such call extended Bonds and the cash payment of $38.10 in respect of each $1,000 principal amount of such Bonds (together with interest on such cash payment at the rage of 5% per annum from July 1, 1933 to the date so specified), to which the holders of Certificates of Deposit are entitled as provided in the Plan, will be made available to such holders upon their surrender of Certificates of Deposit. The terms and conditions of such extension are set forth in said Plan and Agreement dated May 6, 1933, to which referemce is hereby made.: Summary of Terms of Extension Provided in the Plan Under the Plan, the maturity of the principal of the Bonds will be extended without impairment of lien, until July 1, 1943 with interest at 5% per annum, payable semi-annually on January 1st and July 1st during the period of extension and in addition the Railway Company will pay (on July 1, 1933 or, if such payment is not 5% per annum), $38.10 in respect of each $1,000 principal amount of Bonds made available until later, with interest from July 1, 1933 at the rate of , giving an effective yield to maturity of 5%5% per annum. The Bonds will be redeemable in whole or in part prior to the extended maturity at the option of the Railway Company at redemption prices and other- ‘wise as set forth in the Plan and will ha the benefit of a Sinking Fund as set forth in the Plan. Bondholders desiring to extend their Bonds in accordance with the Plan may still do 80 by depositing their Bonds promptly with J. P. Morgan & Co., 23 Wall Street, New York, N. Y., Depositary, or with The First National Bank of St. Paul, Fourth and Robert Streets, St. Paul, Minnesota, Sub-Depositary. Coupon Bonds so deposited must bear the coupon due July 1, 1933 and fully registered Bonds or coupon Bonds registered as to prin- cipal must be accompanied by duly executed assignments in blank, with signatures guaran- teed to the satisfaction of the Depositary, and by such other evidences of ownership as the Depositary may require. Registered Certificates of Deposit will be issued by the Depositary for Bonds deposited: Certificates of Deposit have been listed on the New York Stock Exchange, and application will be made similarly to list the extended Bonds. No charges of any kind in connection with the Plan will be made against Depositing Bondholders, the Railway Company agreeing to pay all expenses incidental thereto. The , Railway Company will also reimburse Bondholders, upon request, for the ordinary expense of transmission of Bonds to the place of deposit, including cost of insurance. The Railway Company will pay at the time of the issuance of Certificates of Deposit therefor the interest due July 1, 1933, on Bonds deposited. Copies of the Plan and Agreement and forms for use in transmitting Bonds for deposit may be obtained from the Depositary, the Sub-Depositary or from the Railway Company. Pursuant to the agreement with the Railway Company mentioned in the previously published notice above referred to, The First National Bank of the City of New York is urchasin, LAIDLAW & CO. NEW YORK Members New York Stock Exchange New York Commodity Exchange New York Curb Exchange 727-15th St. G. BOWIE CHIPMAN, Resident Manager ‘ASSOCIATES L. W. TODD JESSE L. SUTER FRED J. MARBLE phone Dlstrict 2255 Boston Stock Exchange Chicago Board of Trade J. L. LEVERTON . PHILIP P. FRIEDLANDER C. B. HILLIARD, Cashier olders of Bonds who do undeposited Bonds at the principal amount thereof and accrued interest and not desire to extend the same may receive the principal amount thereof and accrued interest upon presentation of their Bonds for purchase to The First National Bank of the City of New York, No. 2 Wall Street, New York, N. Y., uvon or prior to maturity. GREAT NORTHERN RAn.w:v CoMPANY by Wiuam P. Kenxey President Dated St. Paul, Minnesota, June 26, 1933 To Holders of THE SAINT PAUL, MINNEAPOLIS AND MANITOBA RAILWAY COMPANY CONSOLIDATED MORTGAGE GOLD BONDS due July 1, 1933 The wndersigned will purchase at the principal amount thereof and accrued interest any of the above mentioned Bonds not deposited for extension under the Plan and Agreement dated May 6, June 26, 1923, 1933, which may be tendered to it prior to or on July 1, 1933, Tuz Fst NATIONAL BANK oF THE CITY OF NEW YORK. 3 Wall Street, New York, N. Y.