Evening Star Newspaper, July 3, 1933, Page 11

JUNIOR RAIL BOND LIST SHOWS GAING European Group _Also Ad- L vances—New High Marks Are Scored. BY JOHN A. CRONE. al Dispatch to The Star. NEW YORK, July 3.—Low-priced speculative domestic issues, especially railroads, and European loans were fea- i .0 of bond dealings today. urAPf the session progressed about two- | score of the junior carriers attained ew maximum quotations for tho year or longer, many of them up a poiut or wo on initial trades. United Kingdom | of Great Britain 5'.s of 1937 sold at 109, a record high level, as the pound terling here opened up more than 10 ts. Paper, packing, metal and allied in- dustries were among the strongest fea- ures in industrial debentures in the forenvon, while higher-grade rails, in- dustrials and utilities were moderately tive and not much changed. Following the spurt of British loans, ench governments and cities did bet- r. After opening firm, German gov-| rnments receded, though Some olhe:‘ Reich loans were firm in view of the act that today it was announced offi jally that Heldelberg 7i:s of 1950, THE BONDS ON N. Y. STOCK EXCHANGE UNITED STATES. (Sales are in $1.000.) High. 10224 Lib8%s 32-47 %sJ40-43.. s 4saT... Abitibi P&P s '53. Adams Bxp 45 - Alleghany 88’44, . Am Beet Sug 6s'35. n db s '33 582030.... Am Intl15%s'49. .. Am 1GChb¥s 49 Am Metalbl4s Am Sm&Ref b8 Am Sug Ref 6s°37 Am TAT 4%3'39 Am T&Tetr Am T&T deb 5s Am T&T deb 58 65, Am T&T 5§84 Argentine 6s | Argentine 6s Argentine 63 Rhine-Rhur _Water 6s of 1953 and | Westphalia United Electric Power 6s| pf 1953 would not pay their July terest i The list of New peaks in the specu- | ative rails included during the forenoon | uch issues as: Alleghany Corporation | s of 1950, Denver & Rio Grande West- | rn 55 of 1955 and 1978, Nickel Plate | Bs. St. Paul 5s and adjustments, Chi- | ago & Northwestern 43;, Rock Island | onvertible 4'.s, Missouri Pacific 528 | bt 1949, Wabash 4'.s of 1978 and 5'3s | bt 1975, i The belief that the Nickel Plate, be- | ause of its traffic gains, might be able o pay off some of its Reconstruction Finance Corporation loans, along with | ports of increased traffic from other | Argentine 6s A Argentine 6s B'58. Arin & Co 4%3°39. Arm Del 5%s43... Atchis 45 1905-565.. Atchison gn . Atchison 4%s'48.. AtIC L 18t 48’52 AtIC Lol 4852 AtICL un4%s’64 Atl Ref db 55 '37 Australia 438’5 Australia 53°55. Australia 55’87, R&O 1st4s’48. B&O4%4s'13. B&O4%2°60. B&O1st5s’48.... B&Oref5s'95.... 92 1 59 . 10 6 12 oads, doubtless stimulated Speculation | g & O rf 6s D 2000. 20 B&OrfesC'9... 39 Some of the firmness in the medium| g & O P&WYV 4s’¢1 10 3&0Swdvbs’so. | the low-priced carriers. | 0 better grade issues probably was’ prought about by somewhat _similar | auses. Recent partial repayment at‘ Reconstruction Finance Corporation oans by the Pennsylvania rcad caused he Street to remark that New York| entral is working into a position | vhereby it could make similar repay-| Inents. Of course, all such repayments vould be a big help to the Government t this time The RE(’Cnstru(‘lmnl 'inance Corporation. incidentally, oul-l ined a plan for paying interest on Great orthern Railway 1st and refunding 14s operative. | The rise of 3'¢ points in Switzerland | pies, further gains in the issues of the wo Canadian carriers, betterment in oal loans, such as Philadelphia & Read- | g Coal & Iron 6s and Lehigh Valley | oal 58 of 1964: bidding up of molicm‘ picture issues, such as Paramount-Publix pi4s and Warner Bros. 6s, and the at- alnment of a new top by Botany Con- olidated Mills 6';s were among the teresting incidents around midday. At| his time American Chemical 5!3s, | bitibi Pulp & Paper 5s of 1953, Shell Pipe Line 5s, Fisk Tire & Rubber 8s. olorado Fuel & Iron 5s, Coleredo In- flustrial 5s and Goodrich 6s and vere outstanding in the industrials, nany of this group being bid to new gh levels. Grain Market ¥ the Associated Pross CHICAGO. July 3.—Aroused by Pres- dent Roosevelt's currency message to e World Economic Conference and by | xtraordinary domestic crop damage re- | borts, wheat and other grains went| ward today. | ‘Wheat rose almost vertically a maxi- um of 6 cents a bushel. Highest prices of the day and for three years pack were reached just before the close. | Estimates were that there had been a | =duction of more than 100,000.000 | pushels in United States Spring and pVinter wheat crops during the past| nor:th. Wheat closed flurtied, 333a4'. cents bove Saturday’s finish: corn, 17ga2!z | p: oats, 134a13, advanced, and pro- | sions showing a rise of 5 to 25 cents. | WHEAT— Open. High. o T o ! 56 a-be | 075-61 pecember ay ptember - pecember ptember pecember New York Cotton Bpecial Dispateh to The Star. NEW YORK, July 3.—After an early xcited advance which ran cotton prices to new high territory, the market to- ay met active southern selling and pro- fessional profit-taking before the holi- Hay which wiped out part of the ad- jance and left the list 11 to 22 points igher than Saturday. Spots were ad- anced 10 points to 10.40. Cotton range: nuary arch AT BALTIMORE MARKET pecial Dispatch to The Star. BALTIMORE, July 3.—Receipts of heat on the flour and grain exchange pf the chamber of commerce in June howed an increase over the corre- jponding month in 1932 for the first ime this year, but are still very light, bniy 36.286 bushels being received, vhich compares with 10,285 bushels in punc, 1932 Corn_also showed an increase, with b7.534 bushels in 1933, but 47,013 bush- Is in 1932, but oats declined sharply vith only 10,669 bushels against 31,841 pushels last year. Wheat was the only grain shipped Huring the month, 642 bushels being xported and leaving a stock of only 28,070 bushels in elevators. Use Star fly swatters to | continue an aggressive war on the fly through- 1 out the season. The Star has for free distribution wire- handled fly swatters. Ask for one at the main ofice of The Star 11th and Pa. Ave. N.W. Batav Pet 4% Belgium 68 5| Relgium 6%s Belgium 7855 Bell Tel Pa 68 B Bell Tel Pa 58 C’ Benet Loan § Beriin Cy El Berlin 64550 Beth Stl pm Bolivia 7558 Bolivia 7s'69 Bolivia 83 '47... Bordeaux 6s'34.... Bos & Me 4% 3'61J. Bos & Me i . Bos & Me 58 °61.... Brail 6348 '26-'87 Brasil 6345 '27-'57,. Brasil CR 78'53... Brasil 8s'41, BRlyn Ed 58 A'43.. Bklyn Man 63 A '68 Bkiyn UnGas 55'45. Bklyn Un Gas 58'50 Bkiyn UnGas 5857, Budapest 65 '62. Buff Gen El 434S’ BR& Pitts 443 Bush Ter con 58'55. Bush T Bldg 5360, Canada 45°60. .. Canada 4%s Canada 58 °'52. Can Nat Ry 418’51 3 Can Nat Ry 4348’54 Can Nat Ry 4%s'56 Can Nat Ry 4X8'66 Can Nat Ry 4%s'57 Can Nat Ry 4148 '68 Can Nat 5569 July “an Nat 53 °69 Oct. Can Nat Ry 5s°70. Can Nor 4%s'35... Can Nor db 63446, Can Nor deb 75 '40. CarClin&O 6. Cent Ga cn bs " Cent 11 E&QG 5 Cent Pac 1st 4. Cent Pac 6s 60. Cert-td db 5%s 43 CB&Q 111 45°49. Chi& Kst 111 5 Chi Grt West 4s'5! Chi Ind&L gn 6s Chi M&StP 4 %S E. 10 C M StP&P 68°'75..178 CM&StP ad bs 2000 811 Chi & NW gn 4s'87. Chi&NW 438 2037. Chi&NW 43;3sC'37. 6 64 17 Chi & NW 4% 3'49. 246 Chi&NW rf 55 2027 Chi & NW 648" Chi RI&P gn 43 °88. Chi RI&P rf 45'34.124 ° Chi R1&P 4%5'52 14 7 31 23 Chi R14%s'60....167 CTH&SE 1st 55'60. CTH&SE in 5s'60. Chi Un Sta 5s B'63. Chi Un Sta 6145'63. C& W Ind cn 4s'52. Childs deb 58 ‘43 Chile 6s "6 Chi Mtg Bk 8%°61. Cin Un Trm 6s 2020 CCC&St L 4 %sE'77 CCC& Bt LbsD'6S. Clev Term 4%s'77. Cologne 6 0 Colomb §s ‘61 Oct. Colon Oil 6s '38.... Colo & Sou 4%s '35 Colo & Sou 4180 Col G&E 6s '52 May 4 21 7 ColGas& B 58'61.. 4 Copenhag 4%s '53. Copenhag 58 '52. . . Cuba R R 1st 5553 Cuba 5%8'45. .o Cuba RR rf 7%s'3¢ Czecho 8s'51. Del&Hud ref 4s°43 Del & Hud 5%s '37. Denmark 4%s '62 Denmark 5‘/&-:'5 D& RG W b . D&RG Wbs'78.. Det Ed 4%sD'61.. Det Edison 6s " Det Edison 58°'55.. Dodge Bros 6s '40.. Duquesned % sA’6T. DE15%s 53 Nov. Dutch East 1 65°47. Dutch East 1 686 Fla E Coast b8 '74. Fram Ind 7348°42. | French Gv 7s°49. French Gv 7% s'41. Gelsenk’hen $s°34. Gen Baking 61540 Low. 10218 1027 10231 ”» 100 4 102 14 10212 102 19 1066 106 26 1108 Low. 74, &% 11012 Close. 30% I 8 k3 14% 964 128% 128 50 k() . High, Low. Close. 40% 41 3614 18 3% 52 23 37 43w 39% 68 70 Bale: Ger Cent Bk $88. . Ger Con Bk { Ger Cen Bk Ger Cen Bk 1. Goodrich 6% ‘47 Goodyr Rub 58’57 Grand Trunk 683 Grand Trunk 7s40. Gt Brit&lr 634 ‘37 100 Grt Nor 445 D76, Grt Nor 448 B 71, Grt Nor 6sC"18... @Grt Nor 5%s B '52. 1% Grt Nor gn 7336 878 t3reek 6568 20% Haitl 3 1 Hudson Coal 5862, Hud & M adj 7. Hud & M rf 63’57 11 Bell Tell & Ili Cent et tr 11l Cent cl tr 11l Cent rf & 111 Cent 4% s 1l Cent ref 6s 111 Cent 6148 '36 111 CCStL&N . 111 CCStLAN Ss A. . 111 Steel db 43 #'40. Inland St 4%s A" Int Rap Tr rf 6 Int Rap Tr 6s'32 Int Cement 53 48 Int & Gt N 65 B '56. Int & Gt Nor 6s'52. Int & Gt'N aj 62'52, Int Hydro El 68 '44. Int Pap ref 53 A'47. Int Pap 63'55..... IntT&T4%e's9. . It T&T4%s '58.. "nt T& T 53 '56....1 Italy 7s51.. Italy Pub 7 Japanese 6 %48 '64. . Kan C F S&M 4538 Kan C P&L 4%3°61 1 n City Sou 35'50. City Sou 55’50 City Ter 45'60 Kresge Found 65" Laclede 533 C'63. Lake Shore 314897 Lautaro Nit 6s '54. Leh Val cn 43 2003, Leh V cn 4143 2003 Lig & Myers 55'51. Lig & Myess 78 Loew's 6541 Long Isl rf 4s Lorillard 5s '§1 Lorillard 7s°44 824 106'% k( 641 3% 61% 81 91% 69% 1034 88 65 21% 1 82% 9% 531 1024 654 74 924 75 61y 82 9% 544 1244 80 917 10; 11 50 1014 95% 81y 874 927 112 64 384 4% L&N unt 4s'40. .. L&N 43%8C 2003, L&NGaB200s... L&NTf5%s2003. Lyons 6s'34. McKes & R6% Manhat Ry cn 4890 10 Market St7s A 40. 41 Mex 45 ast 1910-45. 7 Mex 55 A ast’4 104 9814 8214 81 B1% 46 % Mil E Ry&L Mil E Ry&L bs 7. MSP&SSM cn 45 '38 MSP&SSM 5s gt'38 MSP&SSM 51549 MSP&SBM 54878 MK&T 18t 4s'90.. MK&T4%s MK&T58A MK&Tadj Mo Pac gn 4s'75. .. Mo Pacrfbs A €6, 22 ‘Mo Pac 8s F'77 Mo Pac 5s Mo Pac bs Mo Pac 63 1'81 Mo Pac 6%8 A Mobile-Ohlo &8 Mont Pwr 6s A 62, Mont T 1st rf 5541, Mont Pow 63°43... Nat Dalry 6% Nat Steel s 2314 6814 864 T 864 191 3714 364 3614 168 18 28 5% 80 864 804 704 0% b4 d 400 Cent 3%45°97.. Cent db 4s "3¢. 24 rf 4%s52013n 46 rf582013... 54 Cent db 6s '35. 29 YCLS3%8'98... 2 YC&StL 1st 45’37 10 NYC&StL 41%s'78. 33 NYC&StL%sA'T4. 44 NYC&StL 1st 65’32 103 N Y Edison 5s B'44 N Y Edison 68 C'51. NYEdrf6%s'41 NY NH&H 4s'55.. NY NH&H 4s°57... NY NH&H 4%s'¢7 NY NH&H cl 5.8'00 222222722 Y Y Y ; 4 k 4 Y Y N 5 51% 108% 105% 112 63% 59 1% 881 90 57% 624 "W 106% 105% 12 106 1057 20 NY Rys Inc N Y Steam 68 &W 1st 58" Y Tel gen 4%s ‘39 Y W&B 443°46. . Nia Sh Md 5%s'50. Nord 6%s°50. . 1054 Nor & Wn div 4s'44 100 Nor & Wncn 4s°'96. 9% North Am Co §s’61. 2 824 Nor Am Ed 58 A'57 81 Nor Am Ed 55 C'69. 80 Nor Ger Ltd 65°47. NorOT & L 6s'47. Nor Pac gn 38 2047 Nor Pac 43’9 . Nor Pac 4%s 2 . Nor Pac 5s D 2047. Nor Pacri6s2047. Nor St Pw bs A “41. Nor St Pw 6s B"41. Norway 5s'63..... Norway & . Norway 3.. Norway 6s°62..... Ogden&L Ch 4s°48. Ohlo P 8 7%s 46 100 Oreg-Wash 4s°'61. ¥/ 85'% Orient Dev 53%s’58 60y Pac G&E 42.... 16 104% Pac T&T 18t 65'37. 05%% Paramount 6s " Param-Pub § Paris Or 58 °68. .. Pathe Exch 78°37. Penn sta 45 Penn ¢%s D . Penngn 4%s'65... Penn 4%s D "70.... Penn 4% = " 2. 39 1034 59 86% 75 7% 86% 100% 104% 861y 881y 92 90% 5 99 81 9% 82 89 9044 974 % 103% 8714 92% 100 8 584 65 10% 10 18% 87 96% 52% 26 85% 104 87% 93% Pere Marq 4%s '8 Pere M 1st 6856 Peru 6s '60. Peru 7859 Phila Co 5367 Phila Ele Phila & Read & Philippine R 4s°37. Phillip Pet 518°39 Pillsh F M 6s°43. .. PCC&StL 4%8 C11 PCC&StLS5sA 0 97% kel 102% 10214 102% 102% 827 9" 221 891 70 36 284% Public Serv 4s°T1.. w1, %8'70.. Pure Ofl 5% 340 Queensland 7s'41.. | Radio-K-Or 6s '41. | Remd 4348 A = l Rem R6%8A'4Tww | % 102% 102% Rhinelbe U 7s Rhine Ruhr §s "5 102% Rhine West és ;:2. Rhine West 83 4% Rhine Wesl Recelved by Private Wire Direct to The Star Office. Rich Of1 Cal R Gr do Sul 6: Rio Gr W 1st 4 Riode Jan %8s '3, RIAr& L4%s'34. Rome 6% 862 Royal Dutch ¢s Rumania 7s '69. StL IM RAG ¢»'33. St L&SF 43 A 50. . San A& AP4s’4s, Sao Paulo 78 ‘40 8ao Paulo 88 '50. ., Saxon P W 6% 8'51. Saxon 7845 Seab A L 63 A Serbs-Cr-S1 Serbs-Cr-81 Shell U Of1 5: Shell U O 68 Shinyetsu 614552, Sinc O11 6348 B '38. Sinc O11 78 A ‘37 Sinc P L 5s'43. Skelly O11 5%3'39. Soissons 0s Solvay Am Es Sou Bell TAT SW Bell T 63 Sou Pac col 4849 Sou Pac rf 4 Sou Pac 4% o Sou P&OT 4 %8A'7T 29 Sou Ry gn 4sA'66.. 30 Sou Ry 614s Sou Ry M&0 StOfI N J6s'48 StOIINY 4% Studebaker Sweden 5%s ‘54 Swiss5%s 46 Talwan EP 5% s'7T1 Tenn Wi P 63 A 47, Ter As St L 4353 Tex Corp cv 68 "44. Tex&P 1st 58 2000. Tex & Pac 58 B '77. Tex& P58 C'79 Tex & Pac 51 Third Av rf 4s Third Av adj 68°60. ‘Tob P NJ 6% ‘Toho Ei Pw Tokio El Lt Unton El L& UE&P 18t 5148A'54 Un Pac 18t 4s 47 Un Pac 48 68 Un Pac 4 %8 Un P 1st rf 58 20 United Drug 5s '53. 40 U S Rubber 53°47.. 34 UnStWeEH%s A'4T UnSt W 6%sC'81. Uruguay 65 '60. Uruguay & Utah P& L bs'¢4.. Utll Pw 5359 ww. 57 Utll Pow 6%s°47.. 17 Vanadium St §8'41. 7 Vienna 68 °'52. 18 Va E1&Pwr § v 30 Wabash 4%48°78. .. Wabash 1st 6 Wabash 2d 3’39 Wabash 63 B'76. Wabash 58 D '80. Waubash 5%8 75... 69 Walworth 6s A ‘46, 15 Warn Br Plc 68°39. 78 Warn Quin 6s'39.. 11 t El1db West Md 1st 45’6 West Un cl tr West Union bs 1 Wh&LEcn4s'49. 10 Wick Sp cn ct 75'35 10 Wilks BE 1st55'42 2 WiI-O 18t 638 °33. 6 WisCent Tm ¢s'36. 9 Ygstn SAT 6s AT8. 11 Ygstn SST5s B0, 1 NEW YORK, July 3 (#)—Stocks strong; dollar decline spurs big rally. Bonds firm; rails advance. Curb strong; industrials lead rise. Foreign exchanges buoyant; European currencies soar. Cotlon higher; unfavorable weather ‘Western belt; higher cables. S8ugar firmer; favorable Washington advices. Coffee higher; firmer Brazilian market. CHICAGO, July 3 (#).—Wheat higher; inflation and crop damage. Corn strong; reduced crop prospects. Cattle strong to 25 higher. Hogs 10al. top, $4.70. Lumber Production Up. NI YORK, July 3 (#).—Lumber production during the week ended June 24 was the largest since September, 1931, and was 53 per cent ahead of the corresponding week in 1932; shipmenus were also 68 per cent heavier and orders 90 per cent greater. Unfilled orders at the mills were the equivalent of 25 days’ average production. Banks Pay Dividends. MARTINSBURG, W. Va, July 8 (Special) —Approximately $12,700 was mailed to holders of shares of Martins- burg banks here Saturday. e dividends total, in keeping with governmental advice and because of taxation, has been considerably reduced in comparison with former years. The new excise tax, recently set by Federal Government on corporation dividends, took another 5 per cent of the divi- dends, except where held by corpora- tions. — Cotton Mill Dividends. NEWBERRY, 8. C., July 8 (#).—Semi- annual dividends of more than $100,000 have been paid by three large cotton mills here, officials said today. The Mollohon Manufactu Co. paid 3'¢ per cent on $1,071,150 capital stock, the Oakland Manufacturing Co. 315 per cent on $1,010,000 and the New- herry Cotton Mills 3 per cent on $1,000,000, P SN, CHICAGO DAIRY MARKET. CHICAGO, July 3 (#).—Butter, 20,305; firm; creamery, specials (98 score), 25%826; extras (92) 25; extra firsts (90-91), 233,a24%; firsts (88-89), 22a23; seconds, (86-87), 19a21; standards (90 cer_ralized carlots), 25. Eggs, 14,529: firm; extra firsts, 143,: fresh graded firsts, 141¢; current receipts, 1112a12%. INVESTMENT TRUSTS NEW YORK, July 3 (P).—Over-the- | & counter market (Quotation: of 13 o'clock) Asked. 124 141 141 &% VEEEr e nd_Tr corp_ Investors. Mass Invest Tr. jation_Wide Sec vic. k _Tr 8hrs nrs rea) FEESSSEE LIVE STOCK PRICES Hogs, Cattle and Sheep Fail to Show Infiation Trend of Commodities. Special Dispatch to The Star. CHICAGO, July 3.—The fallure of live stock prices to auyucm the spec- tacular performance of in prices 1 causing some careful in the corn belt. Instead of advancing steadily, prices of hogs, cattle and sheep reflected in- flation for a time and then developed an erratic course considerably under the high of the yeat. This action rep- resents the actual working of suppiy and demand, inasmuch as these mar- kets are not speculative to any degree and involve hard cash outlays by packers. At the ‘Jruen! time corn prices are considerably out of line with live stock prices. On the theory that it takes 10 bushels of corn to produce 100 pounds of hog, it would pay producers today w sell corn for cash instead of feeding 1t to porkers. Advanced Too Rapidly. ‘What really happened in the live stock markets was that prices went up too rapldly during the two months fol- lowing Marth 4 to permit consumers to adjust themselves to the change. Hot weather combined with higher prices to cut consumer demand and as a result Ences sagged. This week they have eaded upward again, but remain well under the top. Henry Wallace, Secretary of Agricul- ture, believes that the future of the live stock business is going to depend on & reduction of corn acregae by 20,000,000 acres. “‘Otherwise,” he says, “there will be a definite oversupply of fat cattle. If we have two normal corn crops we'll have an oversupply of hogs. The for- eign market has been lost and we are dependent on domestic consumption.” He is urging that farmers consider & processing tax on meats, the proceeds of which would go to pay a bounty to farmers reducing acreage. Several plans are under consideration at the moment. Grain Dealers Agitated. Some prominent figures in the gramn trade are beginning to be agitated over the plans for production control advo- cated by the Secretary of Agriculture. B. W. Snow, a prominent statistician, asserts that the procedure of the new dealers may lead the country to a famine. His idea is that there should be a constant surplus of all crops in order to assure that the country will be | supplied with an adequate food suppiy at fair prices. These private traders are asking what would have been the situation this year had control plans been in effect for «he past two years, cutting into the production of wheat in order to remove the surplus. With a short crop, below the country’s requirements, they see famine prices as a consequence and are | warning against any experiments ought' clined, think that the Nation can bal | ance its production by acreage control famine. * _Grain Wednesday's spree. waiting for private crop reports over the week end. Ralus in many districts broke the drought, and predictions now are for an end to the heat wave that has been burning up the crops. (Copyright, 1933.) NEW YORK EGG MARKET NEW YORK, July 3 (Special) —Quc- tations for eggs in the wholesale cash market today were Mixed color: Special packs, 17':a 20; standards, 16'.al7: storage packed firsts, 151,: firsts. 15a15'; seconds, 14a 14, : medium, 13a133%: dirtles, 1314; checks, 12. Whites 25a26. Western receipts, specials, 21a24; standards, 18a20; under grades, l4a 16';. Browns: Nearby and Western — CHICAGO LIVE STOCK MARKET CHICAGO, July 8 (#)—(United States Department of Agriculture).—Hogs, receipts, 33,000 head, including 22,000 girec!; active, 10a15 higher than Fri- ay; 4.70; heavier weights, down to 4.40; 140-200 pounds, 3.50a4.60; pigs, iownward; bulk packing sows, 3.60a4.10; pounds, 3.5084.25; light weight, 160-200 pounds, 4.00a4.65; medium weights, 200- 250 pounds, 4.6084.70: heavy weight, 250-350 pounds, 4.40a4.70; packing sows, 4.25: pigs. good and choice, 100-130 ounds, 3.00a3.50 Cattle, receipts, 11,000 head; calves, 1,500; good steers and all yearlings, strong to 25 higher; weighty steers pre- dominating in run; bulk early sales | kinds with weight on order account; | best heavies, 6.80; some held higher; better-grade steers and yearlings show- ing more consistent upturn at 5.00a6.25; stockers and feeders, strong to 25 high- er; cows, fully steady; bulls, 10-15 higher: vealers strong. Slaughter cat- :le and vealers: Steers, good and choice, 550-900 pounds, 5.00a7.00; 900-1,100 pounds, 5.00a7.25; 1,100-1,300 pounds, 5.2527.00; 1,300-1,500 pounds, 5.50a7.00; common and medium, 550-1,300 pounds, 3.00a5.50; heifers, good and choice, 550-750 pounds, 4.50a5.75; common and (yearlings excluded), good (beef), 3.00a 3.50; cutter, common and medium, 2.50 a3.00; vealers, good and choice, 4.50a 5.75; medium, 3.75a4.50; cull and com- mon, 2.50a3.75. Stocker and feeder cattle: Steers, good and choice, 500- 18050 pounds, 4.50a5.75; common and medium, 3.0024.50. Sheep, receipts, 12,000 head; fairly active, strong to 25 higher; few odd lots clesely sorted lambs, outsiders, 7.65; bulk to packers, 7.25; few, 7.50; sorts good yearlings only moderate; throw- outs, 450 upward; few heavy ewes, 2.25 upward; lambs, 90 pounds down; z00d and choice, 7.00a7.65; common and medium, 4.75a7.00; ewes, 90-150 pounds, good and choice, 1.25a2.75; all weights, common and medium, 1.00a1.75. Car Loadings Gain. NEW YORK, July 3 (#).—Freight loadings of the Chesapeake & Ohio totaled 30,987 cars last week, a gain of 53.9 per cent over a year ago. Volume for week ended June 24 aggregated 29,895 cars. - FOREIGN EXCHANGE. (Quotations furnished by W. B. Hibbs & Co.) Nominal gold Selling checks vall today. London, pound. franc B4 dri 151 (M — (Reported by Chas. D._Barney & Co.) Rate—Maturity, Bid of BELOW YEAR'S HIEH However, others less speculatively in- | and level off the periods of glut lndl arkets quieted down after ' sgrflnl packs, 18a23!;; standards, 17a 173, | 200-300 pounds, 4.60a4.70; top, | 3.25 | light light, good and choice, 1408160 medium and good, 275-550 pounds, 3.40a | U. 8. TREASURY CERTIFICATES g NG STAR, WASHINGTON, D. C. MONDAY, JULY 3, 1933. - NEW . 1933~ Dividend Rate. Western Pacific pt... Western Unfon...... Westing’se Alr B(1). Westinghouse Elec. . Weston Elec Instru. 286 142 509 4 White Sewing Mach. White Sew Mch pt. Wilcox Oil & Gas. Wilson & Co Wilson & Co (A)... Wilson & Co pt. . Woolworth (2.40). .. Worthington Pump. . Wor.h'n Pump pf A. Worth'n Pump pt B.. 8al Add 00. High. 43 9! FINANCIAD, ~Prev. 1933.— High. Low. 24 6 Wright 22 d 7 1% 33% 11:00 AM. 1:00 P.M. 613 4% 384 7 43 61% 4T% 36 47 43% 4% in stock. stock. e Payable in ¢ +1% Stoek and Dividend Rate. Yale & Towne (60c). 24 -Yellow Truck....... 93 314 Young Spr & Wire... 71 Youngstown Sh& T. 14 Zenith Radio. . 3% Zonite Products..... Rights. 2 AmCemAlL..July § Sales of Stocks on New York Exchange. 1,700,000 3,910,000 Dividend rates as given in the above table are the annusl cash payments based cn the latest quarterly or half-vearly declarations. s Unit of trading less than 100 thares. a Paid 1 in speeinl preferred stock. ¢ Payable in scrip. h Paig this yea YORK STOCK EXCHANGE Received by Private Wire Direct to The Star Office. Today's Sal Add 00. High. Aeronautical 100s 20 2 8 124 5 11 33% 2% ™ & EE REEE 9% 4% 12:00 Noon. 2:00 P.M.. 2,900,000 - ,6310,000 - tPartly extr ast year—no regular rate. b Pa: ash or stock. d Plus 8% in stock. 11 1Plug le 3 us §; T Bpecial Dispatch to The Star. NEW YORK, July 3.—Corporations have been thinning their boards of di- rectors, especially the banks, but there are many men even today who hold more than 26 directorates. s A hasty glance through the “Who's ‘Who of Big Business” in this country Indicates that Albert J. County, vice president in charge of finances of the Pennsylvania Railroad, heads the list. He is on the boards of 121 corporations. ‘This is not at all surprising when one studies the numerous subsidiaries and affiliates of the Pennsylvania road. Henry L. Doherty, head of the com- pany of that name and of Cities Bervice Co., operator and owner of public util- ond with 114 directorates. Virtually all of them are Citles Service subsidiaries and affiliates. W. Alton Jones, the right-hand man of Mr. Doherty, ranks third with 110 directorates. Not one in ten in the rank and file of Wall Street, however, would be able to name No. 4 in the directorate list. He is David Bernstein, head of Loew's, Inc., and on 106 boards, mostly of | theaters closely assaciated with that | motion picture firm. | Charles Hayden, New York and Bos- ity and petroleum concerns, ranks sec- | C. NUMEROUS DIRECTORATES HELD BY LEADING WALL STREETERS ton investment banker, ranks fifth in board positions, which number 82. Most of these are with mining and raflroad companies. Frank R. Coates, with Henry L. Doherty & Co., is in sixth place with 21 directorates. H. O. Caster, also with Henry L. Doherty & Co., is on the boards of 77 companies. Richard F. Hoyt of Pan- American Airways, holds 76 such posi- tions. H. R. Weaver, treasurer, Inter- national Paper Co., attends 66 directors’ meetings regularly. George F. Brownell, vice president, Erie Railroad, sits in at 60 directors meetings. Percy A. Rocke- feller just before resigning from the National City Bank Board was listed on 48 directorates. . Brush easily was one of the busiest directors in Wall Street. Even now he is on the board of 47 concerns. That “Old Iron Horse,” Leonor F. Loree, head of Delaware & Hudson and dominant figure in Kansas City South- ern, finds it possible to retain a place on 44 directorates. J. Pierpont Morgan has only 14 directorates. Alfred P. Bloan, jr., head of General Motors, holds the same number. Otto H. Kahn has 10, John D. Rockefeller, jr., 8, and Alfred E. Smith, 7. (Copyright, 1933.) BANK AT CHERRYDALE OPENS FOR BUSINESS Special Dispatch to The Star. CHERRYDALE, Va., July 3.—The Old Dominfon Bank, which recently was in- corporated to replace the People’s State Bank. opened for business today in the building formerly occupied by the Peo- ple’s State Bank. While the new in- stitution will do business for a short time under the name of the old, the new officers, headed by George F. Cook as president, will be in charge. | — | Dividend Meetings. NEW YORK, July 3 (#) —Dividend meetings are scheduled for this week by directors of General Foods, Homestake Mining, Kroger Grocery and Union Oil of California, among other companies. SILVER QUOTATIONS. NEW YORK, July 3 (P).—Bar silver steady, % higher at 36%. CHICAGO STOCK MARKET CHICAGO, July 3 (#).—Follow! is | the complete official list of transactions in stocks on the Chicago Stock Ex- change today: High. Low. Close T 40 Am Pub Bve pf.. 500 Asbestos M a Nearby selected, ® w 00 Butler Bros ... ) Cen 111 Pub 8vc pf. n il Bec pf. . n Pub Ser A Pub Util & 8 W UL o 450 Chi Mail Ordi 3700 Cities Serv . 100 Consumers > 1 oL E yton Rubber A A0S 800 Greyhound . 3400 Qrigsby-Grun " 1250 Hall Print 50 Harnischfeger 50 Hart-Carter pf. 200 Houd-Her B. 100 Ind Pneu Tool. ... 100 Tron Fireman. . .. 100 Jeflerson Elec. 300 Kalamazoo '8t o izl ocs 80 Eymen Cors. 80 Lynch Corp. #00 Marsh Peld 200 McGraw Elec & [ — s aoa i Bmeean i Son R0 e F ¥ o 3 3, 2 SR ESEESE » R iteReeaEaiteaBion S w8 33 PRy PAEY S wad & R s PEEE H5acs e 525, FE L &, - s - 2 o) FIFEE ¥ FEEES 650 Thompson (J 'R| 10 Wacker Drive 1350 U'S Rad & Tel & F SEELER F ab i mamied BE0a 30 0 e Y [rren e ey $aSSangnt 552 &L &F 0 n::s Mach Stock sales today, 1 BONDS. 1000 Chic Rys Bs 27 ctfs 60% 60% Bond sales today. $1.000. SHORT-TERM SECURITIES. o) r. (Reported by Chas. D. i.lrn!‘|: -Chalmers Co. Bs 1937.. 884 A hieet Ruiear 65 1035 71 Amer. Tel & Tel. Slas 1043, 107 Am. Wat Wi & El Se 1954 [ emin; 36 Bethiekem Bieel' Co. 58 1036 California Packing s 1940 . Canadian Nor. Ry. 4123 1935 80% b orthern Ry. 78 1938, Tilinois Cent. R. R. 6145 1936 Keystone Telephone 55 1935 Laciede Gas Light Co. 5s 1614 & 33ax esealabBaceauate FRF FEF s ot o £ S € Co. ablfi“m a. & Power -0 ba ? | springers, 30.00260.00. . 17| 440a4.75; Tdd * | shares of common stock. 4 Market Averages By the Associated Press. STOCKS. 50 20 2 4 Indus. Ralle. UGl Totar, i *96.5 %54.0'1 3 | Year ago :f years a | | bow asaz High (1931). Low (1931) " *New 1933 highs. | | (Copyrignt. 1933. Stand. Stattstics Co) LIVE STOCK MARKET. | BALTIMORE, July 3.— Cattle—Receipts, 350; all grades | steady. Bulls—Good to choice, 3.25a | 3.50: medium to good, 3.00a3.25; fair to | medium, 2.75a3.00; plain to fair, 2.50a 2.75; to plain, » | Steers—Good to choice, 5.7526.00; me- | dium to good, 2.25a2.75; fair to medium, | 4.7585.25; plain to fair, 4.25a4.85; com- | mon to plain, 2.50a2.75; strictly dry fed, | 8.25. Cows—Good to choice, 3.25a3.50; | medium to good, 2.75a3.25; fair to me- | common to plain, 1.25a2.00. Heifers— | Good to choice, 5.00a5.25; medium to ! fair to medium, 3.75a : plain to fair, 3.25a3.75; common to plain, 2.75a3. Fresh cows and Sheep and lambs—Receipts, | higher; sheep. 50a2.50; lambs, good to choice. 7.0087.50; common to medium, 5.00a6.00. Hogs—Recelpts, 2,800; steady; lights, medium to good, 4.85a5. heavies, 4.70a5.15; roughs, 2.60a4.1 light pigs, 3.25a3.40; pigs, 3.85a4.20 | Western hogs, 10a20 higher. | _Calves—Receipts, ;. steady to choice, 5.0085.50; common to medium, 3.00a4.50. 1.000; Commercial Credit Co. | BALTIMORE, July 3 (Special). —The Commercial Credit Co. and subsidiaries for five months ended May 31, 1933, re- port consolidated net income of $662,- | 451 after all charges, equivalent, after preferted and Class A dividends, to 6 cents a share on 1,000,000 no-par Secured on producing properties lumbia and adjacen 6 H. L. RUST NAtion: Until the last year or two Matthew | residences Washington Produce — WHOLESALE PRICES. Butter—One-pound prints (93 score), 27; tub, 26; one-pound prints (92 score), 26; tub, 25; one.pound prints (90 score), 25; tub, 24. Eggs—Goevernment graded, extras, 24; standards, 20; medfums, 19; current receipts, 13a15; hennery whites, 15a17. Poultry, alive—Turkeys, hens, 10; toms, 8; chickens, Plymouth Rocks, 15a 20; mixed colored, 13a15; Leghorns, 13a 14; hens, mixed colored, 11al2; Leg- horns, 7a8; roosters, 5a6; capons, 25a28. Poullry, dressed—Turkeys, hens, 13; toms. 11; chickens, Plymouth Rocks, 18a23; mixed colored, 16a18; Leghorns, 16217; hens, mixed colored, 14a15; Leg- horns, 10all; roosters, 6a7; capons, 28a31. Meats—Beef, 11; veal, 10; lamb, 16; rk loins, 10; fresh hams, 14; smoked ams, 15: strip bacon, 16; lard, 8%; compound, 8. Fruits—Watermelons, 20a1.00; canta- loupes, California. 3.00a3.75; Georgia, bushel, 1.00a1.50; honeydews, California, 350; North Carolina, 2.:0; oranges, 2.7523.50; lemons, 4.50a7.00: limes, Persian, lugs, 2.00a3.00; honeyballs. 2.50 a3.00; plums, 200; apricots, 2.00; North Carolina plums, crates, 1.50 a2.00; grapefruit, 200a250; alligator pears, 1.50a2.00; raspberries, red, quarts, 30a35; black, 10a12!.: cherries, Cali- fornia, lugs, 1.75a2.25: blackberries, 2.00a4.00; figs, 125; huckleberries, 5.:)326.60. peaches, 2-peck baskets, 1.50 al.75. Vegetables — Potatoes, new, barrel, 3.25a3.50; old. 100-pound sacks, 2.00a 2.25; sweets, bushel, 1.50a1.75; spinach, 1.00a1.50; kale, 40a50; corn, 1.00a1.25; squash, 1.00a1.25; string beans, 1.25a 1.50; limas, 1.50a2.00; peas, 1.40a1.50; onions, 50-pound sacks, New Jersey, 1.25a1.50: California, 1.50a1.75; Eastern Shore, bushel, 1.00a1.25; lettuce, ice- berg, 3.00a3.50; beets, per 100 bunches, 2.5003.00; carrots, per 100 bunches, 200 a2.35; cucumbers, 125a1.50. squash, |1.25; tomatoes, lugs, 1.25a1.75; home. | grown, bushel, 3.00a4.00; peppers, 1.50a 2.00; okra, 150; cabbage, 50; celery, 2.00a2.50. \PIG IRON PRODUCTION GAINS SHARPLY IN WEEK By the Associated Press. CLEVELAND, July 3—Pig iron production, for the week ending Satur- day was at 54 per cent of capacity, & rise of 7 points since the first week of June, it was reported by the magazine Steel today. “Twenty-eight blast furnace stacks | were lighted in June—the greatest gain for any month since October, 1922 | —making 89 active and lifting the daily rate of pig iron production to 42,500 gross tons,” said the magazine. “This daily average was the highest since Jyly. 1831, and gave June a total of 1.261.600 tons, compared with 892, 326 tons in May and 626,015 tons last June. In no month since August, 1931, has so much pig iron been produced.” ‘ TR Paper Sales Increase. NEW YORK, July 3 (£).—Wall Street hears that sales of all types of paper by the American Writing Paper Co. in the first 21 days of June were more than 100 per cent greater than in the | like period of 1932. The company is said to be operating at & profit for the first time in several years. i A A Baltimore Port Arrivals. BALTIMORE, July 3 (Special).—Ar- rivals at the Port of Baltimore for the | month of June totaled 214 vessels, ac- | cording to a repor} of the Maritime Ex- change, which represents an increase %3;1 ships over May and 2 over June, American ships led with 167 arrivals. For the first six months arrivals to- taled 1,217 vessels. ST T f e PARIS BOURSE PRICES. PARIS, July 3 (#).—Three per cent &fi;natgs, 67 francs; 4!2 per cent rentes, | Exchange on London. 86.20. The dollar was quoted at 19.3: FIRST MORTGAGE NOTES and income- in the District of Co- t Maryland suburbs. % COMPANY 1001 Fifteenth Street al 8100 Organived 1879 JOHN JOY EDSON, President cause they ing plan of $2.50 Per Share AN quitable Co-Operative Bldg. Ass’ ceesasssecnees.$6,351,006.24 Subscriptions for the 105th Issue of Stock Being Received Prosperity Is Yours Through Systematic Saving Thousands today enjoy prosperity be- Ly 83rd YEAR COMPLETED WALTER 8. PRATT, Jr., Secretary adopted the systematic sav- the Equitable. Follow their example—save part of your earnings. Come in and we'll explain. LY 2 N.