Evening Star Newspaper, June 29, 1933, Page 13

FINANCIAL. INGREASE N AUTO PRCES I HITED Wage Raises and Higher Material Costs Will In- fluence Industry. FINANCIAL. BONDS IRREGULAR || BONDS ON N. Y. STOCK IN ACTIVE TRADING ' Speculative Groups Show Firmness—Prime Issues Are Slightly Lower. e A_13 CORPORATION | REPORTS TRENDS AND PROSPECTS OF LEADING ORGANIZATIONS. — NEW YORK, June 20 @).—Stocks PRODLCE MARKETS N STEADY TREND -5 many _industrials higher. 8 dnmim exchanges hefy; sterling . Ir 3 Potato Prices Are Slightly|* otion barely steady, loal and South- Lower Due to Heavy ern selling; July liquidatyn. Sugar barely steady, ncreased spot s Shipments. 2 -5 : UNITED STATES. Sales. (Bales are in $1.000.) [ High. Low. Lib3%s 33-47... 10220 High, 59 58 6T B A58, Close. 102 20 1028 1081 98 28 1001 1027 10218 10214 105 2 106 20 10215 1028 10231 98 28 100 1026 102 10 10211 104 26 106 16 NEW YORK, June 29.—Following. i§ today's summary of corporation news grepued by Standard Statistics Co. Inc. "New York, for the Associated 'ess. " Automobiles and Trucks. General Motors Corporation—Retail sales of Oldsmobiles in second ten da's Lib 4th ¢ 33-38 k- Brie Jer 626 Press Stl Car 6a°33 * Prussia 6s°'52. .. :::];:g - d Prussia 6%s '51. Fia E Coast 68 '74.. Fram Ind 7%s "43. French Gv 78 '49 offerings. Coffee qulet, comyission house selling. CHICAGO, June 29 (). —Wheat BY JOHN A. CRONE. Spectal Dispatch to The Star. NEW YORK, June 29.—Bonds were active, but price trends were mixed. Later in the session speculative issues firmed up, but some offerings of high- grade securities appeared. Early strength in United States Gov- emment obligations was attributed to Federal Reserve buying. Irregularity in foreign loans reflected the character of news emanating from the London Economic Conference. The Street heard that France will propose an in- definite adjournment if some sort of stabilization agreement is not reached immediately and that Belgium is seck- ! Abitint P&P Bs '53. | AD & St5%s"43... | Adams Exp 45’4 Alleghany 68’44, . Alleghany 5s 49 Alleghany Allis-Chalm 3 Am Chain db 65’33 {Am F P 582030.... | Am IGCh5%s'49. 1104 Bales. 83 3 | Am Intl1 648 49... 4. 2 Am Metal 554534, | Am Sm&Ref 5847, Am Sug Ret | Am T&T 4% | Am T&T o tr b | Am T&T deb 55 '60. ing 2id to maintain the gold standard, | Am T&T deb bs '65. 27 There was a recovery in both French and Belgian government bonds during the first hour. Most German descrip- tions, however, continued lower. The rapldity with which Canada sold $60,- 000,000 of 15-month 4 per cent notes here, the recent narrowing of the gap between the American and Dominion dollars, and the pick-up in business in Canada caused further purchasing of government and raii issues in that group. Before some offerings came into the better grade of industrials, Bethlehem Steel 58 of 1936 reached a new high for the vear. In the speculative divi- sion there was some profis-taking in American Ice 5s, Hudson Coal 5s and udebaker 6s. Later Colon Oil 6s moved down about a point. Colorado Industrial recovered ctionally. Cali- fornia Packing 5s duplicated their peak for the year. Crown Cork & Seal 6s slightly firmed. Attainment of a new high level by British 515 of 1937 came with the rally | in the pound sterling. after its lower . opening here. Then Italian 7s dropped to a new low jevel. Meanwhile the South American division. especiall gentine Governments, turned active Chicago & Northwestern general 3las were the first of that grade of carriers | to move to a new high mark for the | year. During this stage of the session. ! however, there was some hesit. in | Ar- the bonds of roads noted for carrying grain and cotton. a not surprising de- velopment in view of the tone of these commodities at that time. Firmness of American Telephore is- | b sues around midday was noticeable in | the high-grade utilities, where the tone renged from firm to steady with activity | only moderate. The three Consolidated | lGas issues at that period were a shade ower. PARIS BOURSE PRICES. PARIS, June 29 (£, —Three per cent | Tentes, 68 francs; 4! per cent rentes, 84.70. Exchange on London, 86.26. The dollar was quoted at 19.53. Steel Operations Improve. ° YOUNGSTOWN, Ohio, June 29 (@), | —Steel operations in Youngstown to- day were estimated at about 58 per | cent of capacity, only a few points be- | low the *“normal peak.” The publica- tion Iron Age estimated operations over | the country at 53 per cent of capacity, compared with 14 per cent last March. The publication predicted the tempo would continue. q S A FOREIGN EXCfiANbE. (Quotations furnished by W. B. Hibbs & Co.) Nominal gold Selling checks valie today. pound.... $4.8065 S441% ranc. . 1 5.12¢ i; 1s. belg: mark. ome,” lira * Madrid, peseta’ . Zyrich.' franc . ! . érachma’ schilling ndapest. pengo . ntreai, discount. « M. S. TREASURY CE;TIi‘XCATES (Reported by Chas. D. Barney & Co) turity. offer. { SHORT-TERM SECURITIES. (Reported by Chas. D. ,lrntyskt %fl‘e i hem Steel C ufornia Packing f Canadian Nor. Ry. 4lss 195 3 Chesa. & Ohlo Rwy. s 1930 Ciii Nor:hwest. RY. il Ch.cago Rock Island 4s 1934 ado & So. RY. 4128 il Credit 41us 1 {1 t Lo i New York Cent N Y. Ch. & 8 Telep. 4155 R. C: 9 65128 Pertland Gen. Elec. | Republic Tron & Steel Sinclair Cons. Oil Oo. & H. ds t. L. Northwest . & Power 5s ‘Wabash Rwy. Co. 58 10736, — ———— Washington Stock Exchange SALES. ‘Wash. Gas 6s B—$500 at 1023, Capital Traction Co.—10 at 10, 10 at 10, 10 at 10, 10 at 10, 10 at 10, 10 at'10. Lanston Monotype—3 at 44. AFTER CALL. Pot. Elec. 6% pfd.—1 at 111. Ana. & Pot. R. R. 55—$1,000 at 44. Capital Traction 55—8$1,000 at 47, $1,000 at 47, $1,000 at 47. Bid and Asked Prices. BONDS PUBLIC UTILITY, mer, Tel. & Tel. 41as Al d el cll. tr. 3 ‘Anacostis & Pot. R. + Anacostia & Pot. Gi C. & P. Tel. ot Va. Bs... Gapital Traction R. R. b5 . City & Suburban 58 Georgetown Gas 1st Potomac Elec. Cons. 5 i Potomac Elec 65 19 ‘Washington Gas 5s ‘Washington Gas 5s "6() . Wash. Gas 6s. series B! ‘Wash. Rwy. & Elec. 45 & Ross. Tho. O rber & Ross, Inc.. 6 Bhevs Chase Club 6148 lumpia Count er. . & Tel. a1 Traction Co. . Wash. Gas Light Co. (3.60).. N. & W. Steamboat. .. 2 3 B nareps (4) on T oy & Sige. ofd er. Tr. Mergenthaler Linotype Bles tores pd. 4 TOp COM. | Am T&T 5%s " i Am Wat Wks 5s Am W W &K 65°75 Am Wr Pap 65 '47 Antloquia 78 '45.... Argentine 545 62, Argentine 65 '61 M. Argentine 63'59 Ju Argentine 65 '59 Os Argentine 6s A ‘57 Argentine 63 B '58. Arm & Co 4%8'39. Arm Del 5345 43 Assoc O11 68 '35. Atchis 45 1905-55., Atchison gn 48 '95. Atchison 4348’48, AtICL 18t 4s’52.. AUC Leol 4s°52. . AtCLun4%s'64. Atl QuIf&WI 58'59. Atl Ref db 55 '37 Australia 4138°56. Australia 5s55... Austrian 78 "¢ Tel Pa 53 C'60. 0 n CEl 6% Berlin CE! 6348’5 Beth Stl pm 5 Bordeaux 6s 34. Bes & Me 4X 561 J. Bos & MeGs '55, Bos & Me 58 67. Brazil 63482 Brasil 6342 35. Bklyn Ed 58 A 4 Bklyn Elev 6%s. .. Bklyn Man 6s A ‘68 Bklyn UnGas 68’45, Bklyn UnGas 55'57 Budapest 65 '62 Buenos A R 6s Buft Gen Bl 414s'81 2 R& Pitts 4348 '57 Bush Ter con 58'55. Bush T Bldg 6360 Calif Packing 65'¢40 Canada 4560 Canada 4%s '3 Canada 6852, Can Nat Ry 4148 Can Nat Ry 4145'56 Can Nat Ry 4348’57 Can Can Can Can Can Can s Can Pac deb 4s. ... Can Pac 58 ‘44 ctfs. Can Pac 4143 48 Can Pac 4%s '60 Car Clin & O 55’38 Cent Ga cn bs * Cent 11l E&G 5 Cent Pac 1st Cert-td db 534 s ‘43 Ches Corp s ‘47 C M & StP gn 4s'89. Chi M & StP 448 C Chi M&SIP 4%8 E CM&StP 4% '89 C M StP&P 6, Chi&NW gn 3145’87 Chi & NW gn 4587, Chi&NW 4%s 2037, Chi&NW 4%sC'37.. Chi&NW rf 552037 Chi & NW 6145 '36.. Chi RI&P gn 4538, Chi RI143%8'60 CTH&SE 1st 556 CTH&SE in 68 °60.. ChiUn Sta ¢3%s 63 Chi Un St 5s "44. Chi Un Sta 63563 C& W Indcn 4s°52, C& W Ind 5%s 62, Childs deb b5 *43 Chile 65°60. .. Chile 65 "61. Chiie 6361 Jan. Chile 6561 Sept. Chile 6562 Chile 65°63 op db 58 °47. Chile Mtg Bk 6561 Chi Mtg Bk 6%s '57 Chi Mtg Bk 6%'61.. CCC&St L 4% sE'77 Clev Term 4%s 7’ Clev Ter 5148A'72 Colomb 6s '61 Jan Colomb s "$1 Oci Colon O11 6s ‘38, Colo & Sou ¢%s Celo & Sou 4% '80 Col G&E 6s '52 May Col Gas & E §s'61.. Tem Inves 5348’49, 19 ConsCMArf6s's0. 6 ConG NY 4%s'51. 42 Con Gas N Y 6s'67. 20 Qon G NY 5348’45, 11 Con P Jap 6%s'50. Con Pow Jap 7s "44. Consum Pow 6852 Copenhag 6s 52 Cuba 5%8°45. Cuba Nor 5%s '42 Cuba RR rf 7345'36 Czecho $ Denmark ¢ %3S Denmark 5% l"l Det Edison rf 55’4 Det Edison 5s'52.. 0 Duqu 9. Duquesned % sB'S7. DEI15%s'53 Mar. Dutch East I 6547, 22 Dutoh Bast I 6s'¢3. 20 103 58 139 Australia 58'57.... 23 3 1 Tel Pa 58 B'48. 1 5 Can Nat Ry 4348'54 CM&StP ad 552000 693 &1 11 16 7 Chi & NW 43,549, 22] 4 27 5 Chi RI&P rf 4s°34. 106 ChiRI1&P4%s'52 115 16 11 5y 2 17 16 10 [ 2 1 21 27 9 105% 108% 110 . High. Low. Cle 26\ 24% 98 102 26% £2) 694 68% 52% 83% 80 86% 9T 1044 1091y 105% 104 103% o 107% 9%, 79 4l 124 5814 658 6545 89 89y 103 82 947 Y81y 86 % 84 1% T8% L3} 86% 954 563 9% 67% L 917 108 91% 4l 684 70 71 404 474 614 48y 12% 12% 12 124 124 11% 14 63 1% 124 1 35% 54 864 8434 101 18% 98% 1084 58% 36 331 86% 99% 10414 N 104% 103 French Gv 7%a'41. G Baking 6% s8¢0 6 PSvEy Gen Th Eq 4 6 Ger Cent Bk ¢5'38. . 18 Ger Cen Bk 0J 5 Ger Cen Bk Ger Gov § % German §%4s ‘50 German R Goundrich Goddrich 6%s'47.. 1 Goodyr Rub 5s'57.. 49 Grand Trunk 6536, 49 Grand Trunk 7s'40. 17 Gt Brit&Ir 6%s'37 379 Grt Nor 4143 D76 Grt Nor 4343 E'77, Cirt Nor 5s C'13 Grt Nor5%4s Grt Nor ‘Ireek 6 Haitl Hudson Coa Hud & M adj Mud & M r? b Humble O1l §s '37,. 111 Bell Tell 6s 'S Il Centcl tr 111 Cent rf 4s 111 Cent 4% 36 111 CCStL&N 4% 11} CCStL&N 6 111 Steel db 4% Inland St 448 A'78 Inland St 4%s B'81. Int Rap Trrf 58’66 Int Rap Tr -’::.. 48 Int& Gt N5s B’ Int & Gt Nor Int&GtNaj Int Hydro El 68’44, Int Papref 63 A'47. Int Pap s’ Int Ry CA Bs'12 IntT&T4%s"39.. IntT&T4%s 53, Tt T&T6s'S Irish Free St §; Italy 7s'51 Italy Pub 7852, Japanese 5348 '¢5.. 2 %S Kan CF S&M 4536 Kan C P&L ¢%8'61 Kan City Sou 38'50. Kan City Sou §s'50. Kan City Ter 48'60. K Kresge Found Lack St1 58 A ‘50... Laclede Gas 63 ‘34. Lacle %8s C'53. Lautaro N Leh Valcn 4 Leh V cn 435 2003 Leh Xal cn 58 2003, Lig & Myers bs’ Lig & Myers 78 ‘44, Leng Isirf 4s"49.. Lorillard 58 '51. 5’40, .. LA&N4%sC2003.. L & N 58 B2003. McKes & R 549" Man S 1st 7148 '42. Manhat Ry cn ¢8'90 10 Market St 78 A ‘40 Marsellle 65 '34. ... Mex 4s ast 1904-54. Mex 45 a8t 1910-45. Mex 55 Aast'4b... Midvale Stl §s '3, Milan 6%s 52, . Mil E Ry&L 58 '61. Mil E Ry&L 68 °71. MSP&SSM cn 4s 38 MSP&SSM cn bs M K & T adj 68°67. MK&TS5sA'S2. Mo Pac gn 4816 Mo Pacrfbs A Mo Pac s F'17 Mo MoPacE%hs A Moblle-Ohlo Mont Pow §s ‘43 Mont Tram 5s'55. Montevidee 7563 N Eng T 1st 53 '62.. 23 N J Power 68'60...0 6 NOT&MSbsB'64 1 NOT 4. Y Cent3%s'sT.. sesde NYCrf4%s1013. N Y Crf ¢%s2013n N YCrfbn3013.... N Y Cent ab 65 '35.. NYCAStL 48778, N Y Edison 58 C'51. NYEArf 6%8"41. N Y EL H&P 45°49. NY NH&H 3%s'54 NY NH&H 45 '55..) NY NH&H ¢8°87... NY NH&H 414867 NY NH&H clt 6s'40 . 4 Nia 8h Md 6%s 60, 27 Nord 6%8'50...... Norf Sou rf 5561 Nor & Wn cn 4 Nor & Wn div 4 North Am Co §s'61 Nor Am Ed 58 A’ Nor Am EA 5 Nor Am E 5% Nor Ger Ltd 65 '47. Nor Pac gn 85 2047. Nor Pac 4s'97..... Nor Pae 58 D 2047.. - ~oam NorPacri Nor St Pw Nor 8t Pw Norway bs Norway 6% Ohlo PS 7%s Oreg-Wash Orlent Dev 6%s'53. Pac GAE bs ‘42 Pac T&T 1at b Pac T&T rf b3 Pan Am Pet powmotale BarmasaZonns Penn gn 43486 Penn 4%s D70, Penn 4% Penn 58’64 Phila Co 5s'67 Phila Elec ¢s " Phila & Read 63 e Philippine R 4 . Phllll:Pfl 5%8'39 26 Pllisb FM68'43... 1 PCCAStL6sB'15.. & 105% P 108% EalaCon daMoty M~ BN G- 100% 102% 1067 Read 433 A *97 Reading 4%s B Read Jer Cn 48 Rem R 6%sA'¢Tww Rhinelbe U Rhine Ruhr Rio de Jan 6348 "53. R Gr do Sul s 63 R Gr do 8ul 83" Rio Gr W clt 45'¢3. RIAr&L4%s 34, Y Rumania 78 ‘59 StL IM R&G ¢ StL&SF4s A StL&SF¢%s'T8 StL SF 44 s'8ct st St LASF 5s B '§0. . StP&KCSL 4%s'41 8t P Un Dep 5s ‘72, Sao Paulo 78°40... Sao Paulo 8, Sao Paulo 85 °5! Saxon P W 6% Saxon 78 45. Seab AL4s st cf Seab A L adj SeabA L 63 A Serbs-Cr-S17s'63.. Serbs-Cr-S1 8s'62. Shell U O11 55 °47. . Shell U O 53 49ww. Shinyetsu 6348 '52. Sinc 011 6%4s B33 Sinc O11 Ts A "37. Sinc PL 65’43 Skelly O11 6%15°39. Solvay Am 5s"42.. Sou Belj TAT 6’41 Sou Pac col 4s'49.. Sou Pacrf 4s Sou Ry 6%s'56.... T: Sou Ry M&O #'38. SW Bell T bs A '54. StOIINJEs'46. .. Swiss 5% s 48 Talwan E P 534271 Tenn B P 68 A 4T, Tex Corp cv Bs "¢4., Tex&P 1=t 58 2000, Tex & P5sC'79... Tex & Pac 58 D80, Third Avrf 4s'60.. Third Av 1st 58°37, Third Av adf 6560 Tob P NJ 6%s 2022 Toho Fl Pw 7s '56. Tokio 5% = "1 ‘Tokio El1 Lt L Union B L&P 5a'57 Un Pac 1st 4847 United Drug 58 '53. U S Rubber 55 '47.. TURStWeEKs A'4T, Urnguay 6s'60.... 1 Utah P& L 68°44.. U] Pw 5359 w Util Pow 6% '47. Vanadium St §&'#1. Vienna 6s°52. Va 8W 1st cn 5 Wabash 448 ‘Wabash 1st 5539, Wabash 2d 5839, . Wabash 58 B '76... Wabash 5s D ‘80, Webash 5%s 75 Walworth 6s A45. 6 Warn Br Pic 65°39.118 Warn Quin 6s'39.. Warren Bros 6s'41. Warsaw 7s'58. ... West Sh 1st 43 2361 West E1db 55 '44... West Md 1st 4s 52, West Md 5%s'17.. West Pac 55 A "46. West Union §s *51 W WII-O 1st 614833 Wil& Co 1st 6s'41. ‘Wis Cent Tm ¢s'36. 80 81 —_— BANK CLEARINGS GAIN 26.9 PER CENT IN WEEK By the Associated Press. NEW YORK, June 29.—Bank clear- nigs, reports Dun & Bradstreets, Inc., continue large in volume. The total for the week at all the leading cities in the United States was $4,766,699,000, or an advance of 26.9 per cent over the same period a year ago. New York City, with a total of $3,- 466,038,000, showed a gain of 42.2 per cent, while the aggregate for cities out- side of New York was $1,306,661,000, or & decrease of 1.3 per cent. o Record Pay Roll Reported. HEGEWISCH, 111, June 29 (#)—The largest pay roll in more than two years was reported at the Ford Motor Co.'s plant here. Number of employes was 2,500, or five times greater than the low of last Winter. MONEY MARKET. NEW YORK, June 20 (#).—The money market was dull today with rates unchanged. Call money on the stock exchange remained at 1 per cent, and in the outside cell market there were further offerings at five-eights of 1 per cent. Time money and prime commer- cial paper business was routine on the same terms as yesterday. e S R Motor Sales Increase. SOUTH BEND, Ind., June 29 (#).— ‘The Studebaker Motor Corporation an- nounced 6,016 cars sold during the first 20 days of June, an increase of 51 per cent over the same period in June last year and 53 per cent above the first 20 days of last May. Market Averages By the Associated Press. afeanaton ERRBIIR AR I LuoDbIWORNI C Low (1932). High (1831).. 5: Boprthine toss | Detroit and other Midwestern markets. Prices in the wholesale fruit and ve‘mble markets were holding fairly well near the first of July, says the United States Department of Agricul- ture Bureau of Agricultural Economics market news service. Potato values sagged a little after the recent rise be- cause receipts of the new crop were again increasing. Onions nenerally! maintained the higher levels reached; during June. Peach markets improved somewhat in tone with the arrival of the midseason varieties of better qual- ity. Supplies of apples and melons are increasing. Movement of Southern| California grapes has begun. Shipments of fruits and vegetables | continued at a nearly uniform rate| through the second half of June, averaging about 2500 cars daily running little below the figures of & year ago. Potatoes Hold Higher Prices. The sharp advances in the to market during the second half of June were faily well maintained near the first of July, despite increasing receipts from Virginia and various Midwestern sources. Shipments of new potatoes | were increasing a little faster than the | old crop movement dwindled, leaving the total daily potato receipts near 700 carloads. Maine seems likely to finish with a season's total bctween 44.000 and 45,000 cars, compared with 53.000 | last season. The other Northern States are nearly done. Virginia is shipping about half the supply of new potatoes. Arkansas leads in Midwestern markets, but Missouri and Kansas are beginning and a good yield is expected from the somewhat reduced acreage there. A slightly weaker tone prevailed in Virginia producing sections near the end of the month. but most sales still range $3.25 to $3.50 per barrel at ship- ping points. Virginia Eastern Shore Cobblers brought $3.75 to $4.50 a barrel in the large Eastern markets, or $1.50 t0 $2.50 per 100 pounds. Western Shore potatoes brought $3.75 to $4 per barrel in Baltimore. Liberal receipts of East- ern potatoes are reported at Chicago, and | Some lots were selling close to $5 per barrel in Detroit near the end of June. Most of the large Eastern markets re- ported moderate supplies of new pota- toes and rather slow demand. Maine potatoes were still being shipped at the rate of about 30 carloads daily and sell- ing at fairly steady prices in Eastern markets at a jobbing range of $1.80 to $2 per 100 pounds. Onion. Markets Steady. New crop yellow onions from Virginia followed a steady range of prices the last week of June at 75 cents to $1 per bushel in Eastern cities. At the same | time there were & few lots of old onion: | of only fair market condition selling i various city markets at 50 to 75 cents | per 50 pounds. Egyptian onions are steady at $4 to $4.25 per 110-pound | vances. | White (88) Dent Mf.10c Q Aug. 1 | Sharp & Dohme pf A 31 .. sacks. There is nd further change in the position of Scuthern onione, which are maintaining the recent price ad-| DIVIDENDS ANNOUNCED NEW YORK, June 29 (#).— Reduced, Pe- Pav- Hidrs of | Company Rate. riod. able. record 1st Nat Bk & Tr | (N Haven., Qonn)..$1 @ July 1 Jun.23 N Haven BK NBA $1.Q July 1 Jun. 20 (Conn) o Sec Nat Bank | (N Haven, Oonn)..81 Q July 1 Jun.22 | Resumed. Extra. Consol Car Heating Sorinefeld Ry bi- o A Accumulated. 5 Resular. Atlan City Bew'se al Ore Pw T ug. 1 Ak July 15 July 1 Aug. 13 Aug’ 15 5 Q July 3 Harrisburg Gas pf Hart & Cooley 000 OO O®POO POO & Hershey Highian Horn & H (NY) D a2 MacBeth-Evans ollalll” & MecGolrick Bond & M_ Cor| “621:c @ Jun. 30 M Morrison Cafeteri 8 July 16 Q July 1 8 July 8 July .$3.50 Cons Inc 77 pf.$1.75 Nat Whaling Bk (N_London. Conn) 82 N E Investment & Sec Co 4% BL .. Niagara Alkall < Do 6 pf o . 8150 phila El Pw 8% Bf._ 50c Eiymloitn Gordude 115 Pneumatic ale Corp R Ltd NT’%BDk(. .17%¢ Q July 1 ivgs Nat Wash, DOY... .. $2 Q@ July 15 h, Jun. 30 Sharp & Dohme pfA’50c Q Aue. 1 Ju! 1y 14 higher; big damage noshwest. Corn lower; beneficia rains. Cattle slow; steady t 25 lower. Hogs slow; 10-20 lowr, top $4.65. DRY WEATHERCAUSRS SEVERE GRIIN DAMAGE By the Associated Press. The Weather Bur¢u in its weekly Tepoft said seyere ¢mage had been done to small graif in the wheat belt by hot dry weaher, with marked deterioration in the dorthwestern part of the belt. It said cotton haj withstood recent dry weather ‘“remakably well” and that fair to good fowth is reported | generally over the bg. In the eastern paj of the corn belt the crop was benefitdl locally by show- ers but good rains ai still needed quite generally ‘over the tincipal producing area, the report sait The bureau said tB weather has fa- vored harvesting anghreshing of small grains with most o the crop cut in Missouri and Eastm Kansas and threshing progressin rapidly in Okla- homa. In the Spring whet region there was severe damage in thdDakotas and Mon- tana while in Eastesy sections progress was poor to only fai, IR Bank of Englad Statement. LONDON, June 24(#).—The weekly ' statement of the hnk of England shows the following aanges, in pounds: Total reserve decreard 1795,000; cir: culation increased 3,18,000; bullion in- creased 1,307.000; ofer securities in- creased 1,651.000; public deposits decreased 10,786,000; ther deposits in- creased 12.290,000; dtes reserve de- creased 1,839,000; govnment securities increased 1,725,000. The proportion of {e bank’s reserve to liability is 46.76 p¢ cent, compared with 4833 last week. Rate of discount 2 er cent. CHICAGO STOK MARKET CHICAGO, June 29 P).—Following is the complete official Ii of transactions in stocks on=the Citago Stock EX- change today: Sales STOCKS. High. Low. Close. 50 Abbot Lab 5 50 Agme Sl . 300 Agams Roy 100 Allied_ Prod 2 20Am_Pub Sve' pi.| Al 400 Asbestos MIg 43 R0 Assoc _Tel 1900 Bastjan-Bless 1000 Bendix _Av 550 Berghoft Brew () Borg-Warner . 0 Bruce (E L).... . 153 0 Butler Bros 513 40 Cen 1l Pub Svc pfedls 400Cen & B W Ut... 2% 2800 Ghi 750 Chi 100 Chi Ma 2150 Cities 6850 Cord 50 Curtis 120 Dexter Co. 50 EI_Household 350 1 ) Gt Lakes ) Gt Lakes ) Greynound Airc’ " Dredge Katz Drug 0 Ky Ut Jr_cum 200 Ken Rad T & 230 Keystone 00 Mickelberry s Fd ~ d West Util. 200 Wahl Co R00 Walgreen ° 50 Wieboldt Stores 280 Yates Mach .. 1650 Zenith Rad . Stock sales today—=&K,0008hares. Bond sales today—None. DIRECTORY COMMODITY BROKERS COTTON Members N. Y. Cotton Exchange COFFEE AND SUGAR Members . T. Coftee & Sussr ange. Inc. o LR Members N. Y. Cocos Exchange, Inc. Bache & Co_. .. & Chilas &"K ME. 3635 o L NA. 0245 GRAIN Members Chicago Board { Trade J. 8. Bache & Co Clark, C & Keecl Harrimsn & Co. W. B. Hibbs & Co. Laidiaw & Co G. M.-P. Murphy & Co. Westheimer & Co.. RUBBER—HID!S METALS—SILL Members Commodity Exchage, Inc. é- Bk‘.Ceh.I & 635 Friman. & C law P. Mu NEW YORK STOCK EXCHANOE WASHINGTON STOCK EXCHANGE NEW YORK CURB EXCHANGE (Associate) BONDS STOCKS COMMODITIES National Savings & Trust Building 719 Fifteenth Street *Phone Metropolitan 3116 BALTIMORE Direct private wires to each of our in NEW WILKES-BARRE offices and to our correspondents YORK | | | | By the Associated Press. DETROIT, June 29.—Barring some further undeveloped production econ- | omies in the automobile industry, the possibility of price imcreases for finished cars appears likely to occupy the at- tention of not a few producers in the various flelds within the near future. Although adoption of policies to con- form with the industrial recovery act is awaited before definite commitments are made regarding wage adjustments, there is a general disposition in the in- dustry to restore some of the cuts af- fected during the last two years. Motorcar manufacturers hear that the steel industry is giving sympathetic consideration to a proposal to increase wages 10 per cent. Any such increase, of course, would be reflected, they point out, in an increase in the cost of raw materials for the automobile industry. So far as the development of further production economies is concerned the industry’s engineers appear to feel that efforts in that ditection have been nearly exhausted, at least for the pres- ent. Their research work, they say, will ultimately disclose some other sources of manufacturing economy, but for the present nothing has been over- looked to permit economical manu- facturing practices, The automobile industry’s represen- tatives studying the terms of the in- dustrial recovery act and its application to the gmkmg of motorcars already have held two sessions to consider a recommendation to the manufacturers, but apparently still lack a unanimity of ideas. Following the most recent session of a committee appointed by the National Automobile Chamber of Commerce it was announced merely aka:nfurther study would be under- “New York Cotton Special Dispatch to The Star. NEW YORK. June 29—Feverish trading occurred on the Cotton Ex. change prices moving around rapidly and irregularly over a range of $1 a bale and ending with a loss of 5 to 9 points. Rapid changes in sterling exchange unsettled all mar- kets. as did reports of relief in some of the dry sections of the country. Spots were reduced 10 points to 10.15. Cotton range: Close y 10 | Jul, L Qctob 10 i 30 December’. . January .. March May ... Rayon Prices Advanced. NEW YORK, June 29 (#).—A price advance of 5 cents a pound on rayon yarn. effective Saturday. is announced by the Tubize-Chatill Corporation. This is the second advance made by the company this month. BALTIMORE STOCKS. Special Dispatch to The Star. BALTIMORE. June 29.— Sales STOCKS. 3 Corporation Decker com Black & Decker pfd C & P Tel Balto pfd. .. Consolid Lact sal e 0}t v & Guar Fir 370 Maryland ca inlty o o orthern a8 Rorinern Cent 2 R com: 345 elity & Guaranty. £ Maryiand Dairy pt B $2.000 United Rwy & Elec 1st 4s. 2 Western of June, were 87.7 per cent above like period of 1932 and 10.7 per cent above preceding ten days. . Automobile Parts and Tires. Goodyear Tire & Rubber Co. to in- crease prices of mechanical goods, ef- fective July 1; Dixie mill of company is opexl-(mnx 18 hours daily, six days a week. . Murray Corporation of America— Company’s production of steel beet barrels has been increased to 3,500 bar- rels a day: of the licensed breweries in the United States 132 have placed orders for barrels with this company. Electrical Equipment and Radio. Stromberg-Carlson Telephone Manu- facturing Co. increased pay of all em ployes 12! per cent, eflective July 3. Pood Products. Hiram Walker-Gooderham & Wort-, Ltd —Bubsididry, Hiram Walker & Sons, Ltd, has filed articles of incor- poration under laws of Michigan for Hiram Walker & Sons, Inc., with 50,000 no par shares, all to be held by Hiram Walker & Sons, Ltd., the incorporator. Southern Dairies, Inc., 1932 deficit $330,780 vs. deficit $64,879. Standard Brands. Inc.— Reported company is considering a new program of expansion which weculd take it ac- tively into manufacture of distilled liquors of all types as well as alcohol: president of company is reported -ta have stated that Fleishmann Co., sube sidiary. alrealy was equipped to turn out gin and alcohol in quantity. ! Household Products. |- American Ice Co. announced that a special meeting of stockholders had been called for August 4, to sanction a8 change in charter to permit com to brew beer. I = Grain Market By the Associated Press CHICAGO, June 29 —Influenced by i'authoritative reports that prolonged heat had taken heavy toll of creps | Northwest, wheat advanced late tocay | and more than wiped out early losses. In nearly all sections Northwest stools of Spring wheat plants were re- | ported destroyed and as a result pro wd'zcnonA:flIhbedluniwd to the mait stem. the day’s high point wheat reached $1.01%; i | Wheat closed nervou: | vesterday's finish: corn. % to % down; | oats, 15 to 155 advanced. and pr-visiorg | unchanged to 12 cents down. | ¥ HEAT— o | Beptember December May RN— July September | December uSATS— iyt 352 September December | RYE— July Dtember | December Bank of France Statement. PARIS. June 29 (#)—The week tement of the Bank of Prance shov | the following changes in francs: Go increased 64,000,000: sight balanc- abroad unchanged: bills discounted ¢ | home increased 581,000.000; bills boug abroad decreased 9,000.000; ad~au decreased - 37.000,000, circulation dc |creased 408.000,000; current account increased 885,000,000. Rate of discount 2!, per cent. YOU CAN'T REMEMBER When first mortgages have not been considered a most desirable investm Over Forty Years of Experience First Mortgage Investments Offered ent—and our 6% FIRST MORTGAGES have been popular for more than forty years. in amounts from $250 up. . SAUL CO. National 2100 PROPERTY 925 15th St. N.W. - THE FIDELITY - BUILDING & LOAN ASSOCIATION P return . . . Under the Supervision of the U. S. Treasury Dept. .A Savings Account In thz; Strong, Well- Managed Association not only affords l/ou safety of ncipal and excellent interest ays additional dividends in self-confidence and in character-building . . . qualifies you to make a success of your life ...to attain the goal of your ambition! 57 Compounded 0 Semi-Annually @ You can open a Savings Account with ONE DOLLAR, or more...and should you néed READY CASH, there are no restrictions as to the amount you may withdraw, from ybur account, 'at any time. @ No Personal Intangible Tax is pay- able, under the law, on Savings Ac- counts in Building and Loan Associa- tions. ideli! ildi You can open an account, and Fidelity Building 3,,°% "5y "MAIL, as well ‘as in 610 13th St. N\W. person .. . call or write for full detels. OFFICERS and DIRECTORS Asst. Secr., B s G. P. R] SR N Solen MAIN OFFICE