Evening Star Newspaper, July 6, 1933, Page 14

',""!\—14 *kkk FINANCIAL. THE EVENING STAR, WASHINGTON, D. C., THURSDAY, JULY 6, 1933. FINANCIAL. GANIND.C.BNK | TRANSACTIONS ON THE NEW YORK STOCK EXCHANGE ||STOCKSINRALLY © Received by Private Wire Direet to The Star Office. - CLEARINGS NOTED = o % e B mlee e B tlee e B x| ONKADERENRTY Sales a High. Low. Dividend Rate. Low. . . . Low. Dividend Rate, Add 00. High. Low. Close. Chge. . Dividend Rate. 3 . 3 mmnd‘:fle. 95 80 Abram Strauss pf (7) 10s £ 3% Colo Fuel & Iron.... 50 16% 16 + %] 4% Int Agriculture. 16 4 3% . 9% % Penn Ceal & Coke. .. Is S d 12% g 247 %g% go:o F:el:slro:!hpl. 5 a_l’g- ‘3::2 :6“ +;9fi l:_z]u L {nt Al’rlafllun pt 20% 20% ';v. ‘n Penn g:xu Cement. . . . 4 ’ ‘olorado & Southern 370s +214 | 187% nt Bus Mach (6).... % Penn Dixie Cmt pf... 28 i inacd Steady Increase Is Score 2t 54 Addrassogra 124 Colo & South 1stof... 90a 33 s 43| e Int Carriers Ltd 20c. 7 184 Penma R R Gl . Favorable Turns in Busine: » . " v Rumley A ‘olum| (b80c 26% +1 % 7 3 Peop Dr St pf (6%).. - | During First Half of % 7% Affiliated Pro 9 59 Columb Gas pf A (6 2 80% + % | 43% 41% Peoples Gas Chi (4).. Prove Chief Influence on 474 Alr Reduction (3) 3 & conagitun) 71 116 / % Peoria & Eastern. 8 - 3% Airway Elec Appl. ‘olumbia Plct vte. 21% 0% 9% 3% Pere Marquette, 3 5 Present Year. 1134 Alaska Juneau 60¢ 0 2% Columb Carbon 2). 68 6 Pere Marquett Market. % Alleghany Corp. ‘ommercial Credit. . 20 614 Pet Milk.... 1 Alleg Cp pf $30 ww.. Com Credit pf (1%). 1508 Int Paper pt.. 4% Petrol Corp o =¥ BY EDWARD C. STONE. 1% Alleg Cp Df $40 ww.. Comcl Cred 1st(6%). 1508 [3 Int Paper & Pw: 4% Phelps Dodge. BY GEORGE T. HUGHES. Washington bank clearings are now 1% Alleg Cp pf $30 xw. Comel Inv Trust (2). 74 Int Paper & Pwr,(B) 25 Phila Co 6% pf = climbing steedily month by month, & 5 Allegheny Steel..... Comcl Inv cv pf(e6). 2 Int Paper & Pwr (C). 2 Phila Rapid Trans Special Dispatch to The Star. et o the eoteds of the Tee. NeF 70% Allied Chem & D (6). Comel Solv (60¢).... 414 Int Paper & Pwr pf.. 5 Ph Rapid Transit pf. NEW YORK, July 6—Under thd I et o i Tome 115 Allied Chem pf (7) Comwlth & Southn. . Int Print Ink pf (6 2% Phila& Read C&1.. 29 stimulus of & budget of favorable busi e atioraienat %" 6 Allis-Chalmers Mfg 23 Comwith & Sou p£(6) Int Rys Cent Am pf. 8 Philip Morris&Co(1) - e .{;‘,ey B icnione wymcum during the | 5% Alpha Port Cement.. 2 1 2 gongel-Nncllrn (60¢).. Int Salt (14)....;.. :% ;:nup- x;;muum.. ness news at home and encouraged by % Amal Leather... ongress Cigar (1).. % Int Shoe (2) % Phoenix Hoslery the decision of the London Economid lulgo}clglngse::ings for the first half of 4 18% Amerada Corp (2)... Consol Cigar. Int Silver, 1% Plerce Ofl... % Conference to continue its sessions, to. 1933 compare with the corresponding 2 T4 Am Ag Chem (Del).. Consol Film. . . Int Sflver pf. Pierce Ofl pf. 2 day's stock market was outstandingly period in 1932 as follows, according to B B Bohy ot s D it Talmteler Diercg Petroleum . 2% strong. . = 34 Am Bank Note pf (3) Consol Gas NY (3.40) nterstate Dept St _ the complete records kept by the Wash- 1 t Sugar, 9 Consol Gas NY pf(5) 2 Interstate Dept St pt ington Clearing House Association: — Consol Laundries. .. Island Creek Coal (2) 1933, 1933, n ; o Sl e U January $72,567,289 $92,855.736 | 967 : ’ Cons RR of Cuba pf, JenslTen oy Pitts Steel pf. .. February 61,012,252 80,807,544 " Consol Textile...... i iy 00% Pitts Terminal Coal. March 164,947 89,616,463 Container Corp (A).. 4 8k Tonga s Lasghpict) Pitts Term Coal pt.. April 38960,517 89,654,223 ‘Am Chain. Container Corp (B). : Kans City Southern Pitts United Corp... May .. 40,453,198 80,493,495 ‘Am Chicle Contl Baking (A). ? EECl s ST, Pitts & West V: June ... 56,487,657 85,449,660 ‘Am Comc'l Alcol Contl Baking (B). 9 Enirmea Dapt Bt . Plymouth Oil. Washington bank clearings in the Am Encaustic Tiling 4 Contl Baking pf (4). DA Poor & Co (B). first six months of 1933 totaled over Am European Secur. Contl Can (2). . 3 Port Ric Am Tob(A). $302,125,862.63, while in the correspond- 7 Am & Foreign Pwr.. + Contl Diamon Kelly Sp Tire 6% pt. Port Ric Am Tob(B). S55 il monihs lust® year Woanosle Am & For Pw pf (6). % 4 Contl Insur (1.20) Fgl e Lol r e Postal Tel&Cable pf. checks passing through the local clear- 14 Am & For Pw pf (7)., % Y 7% Contl Oil (Del). 5 ¢ 1 Kelvinator Corp. .. .. Prairie Pipe Line. ing house amounted to $518,877,123. 4 Am & For Pw 2d pf.. Y Corn Products ( % s Kennecott Copper. The above table shows a steady ad- ‘Ajn Haw Stship (1).. 117% Corn Prod pf (7). Kimberly-Clark vance in local clearings since March, ‘Am Hide & Leather. . % Coty Inc..... . 4 Kinney (G R) Co. when the low point was caused by poor ‘Am Home Prod (3) .. Croatey Radis Kinney (G R) Co pf.. business conditions, but more particu- AmIceCo......uuee roney 45 Kregge Dept Stores. . larly because all the banks were closed Am International. CromniGork & ReAt < : ; e s 5 Crown C&S pf (2.70). _ 9 e s o during the moratorium and no checks ¥ Am La France & F. i) Kress (S H) (f1). could be cleared during that time. ‘Am La France&F pf. i 6 Crown Zelertmeh. . . Kroger Grocery (1. Sl . 3 & T Crucible Steel LY Bt AL L A LU The pick-up during the past four Am Locomotive CibeCo. . 7 Taclede Gas pf (5).. months is expected Am Locomotive pf... 4 5 4 B ende s s Am Mach&Fdy (80c) 4 Cuban-Am Sugar. ... 2355 LanibestiCo.(8) - SN Eob s ORE ) power stocks, metal shares and rail and trade experts expect that the Sum- Am Mach & Metals. . Cudahy Patking 2% . tanex 3:.";'1‘ 2 Pullman Corp (3)... were in active demand. mer lull this year will be much less ‘Am Mach & Met ct Curtis Publishing. . 27 Aoee Ralhar e 5 £ Y < - 1 Electric output for the past week wa: than seasonal. * In that case, clearings Am Metals . Suntsbuclish bEptoipte % Arl oy CupDRt 54 up 13.7 per cent from the same wee will reflect a smaller hot weather luil Am Ne . 2 13 Curtiss-Wright o st i Fb o0k EncilyBakesion (1)« a year sgo. Last Thursday the gai than usual. Advancing prices are Am Power & Lig| 4 2 Curtiss-Wright (A). i k; I:““‘h v‘xéy ‘i"“‘-- ¥ 3 Radio Corp 636 A 4| was 10.9 per cent, showing that powel -causing increased purchases, while the Am P&L $5 pf (1%). 4% Cutler Hammer..... l:emxh vl“ o-nx;‘.. 3 18% Radio Corp pf (A) 2 production was still expanding. Th _“new deal confidence” is aiso causing Am P&L $6 pf (1%). ‘ it Davera Stores g 5 " Lehj“&”‘z i 6% Radio Corppf (B)... 41 was_the logical basis for the advanc “a general letting out of purse strings. Am Radiator 5 ! 4 Deere & Co. 3 I enn&mn;"m- ). 1 Radio-Keith-Orph... 16 + in the utilities. Announcements of in The biggest factor of all in the prob- v Am Radiator pf (7). 4 Deere & Co pf (20c).. Libbey O Gl 4% RR Sec 11l Cent Stk. . 2808 7 | creases in oil prices éame from all .able further improvement in D. C. bank Am Rolling Mills.... 2 % Delaware & Hudson.. f i z’M“’:“_'( 5')" H 5 Raybestos-Man (60c) 14 quarters and helped the oil shares. ‘clearings, however, is the expected re- ‘Am Safety Razor (3) A 1 % Del Lack & Westn... THE S s B'('.‘;)“ 281% Reading Rwy (1). 17 5 decrease in gasoline storage of 883,004 o?emng of 8 or 10 of Washington's Am Seating. .. = A Denver & R G W pt. o1 ity Taly G %) 25 Reading 1st pf (2) barrels was another favorable item fof closed banks. When these banks agau ‘Am Ship & Com...... Detroit Edison (4). .. X Tl Sooit ). 23% Reading 2d pf (2) 2 the same group. An advance in th throw open their doors to unrestricteu Am Shipbuilding (2). 1308 Devoe & R 1st pf (7). 4 Link s.n"('i'o"c,"" 5% Real Silk Hoslery. 4 5 price of copper to 8% cents a poung banking business clearings will be first AmSm&Ref....... 86 % Diamond Match (1).. Liquid Carbonic. 25 Real Silk Hoslery pf. 1108 was predicted, which stimulated buying to reflect the quickened business life 1 Am Sm & Ref 6% pf. Diamond Machpf 13 9 247 m“w., Inc (1).. 3% Reis (Robert) &Co.. 2 of the metal stocks. \the city. These released funds, added . Am Sm & Ref 7% pf. Dome Mines (11.55) . Y Loft Inc 1% Reis (R) & Co 1st pf. 490s Gains 1n the oils were nearly al ito the checks already in circulation, Am Snuft (13%). ... : 4 Dominion Stores 1.20 : ) Long Bell Lum (A o fiz:'fif;fl"{fi“{,’: i 5 {i';c%?n:x}[a:utx;ugch %".g‘r’,‘,“x?,r“lfi should greatly enhance the gain in Am Steel Foundry... 2 Doug Alreraft (75¢). 4 o clearings now being noted eanhgmomu_ 2 % Am Steel Fdy pf (2). Dresser Mfg (A). 1 % 3 t‘é‘r’fiiz‘fa‘?’;’,”(‘f ; 8 Rem Rand 2d pf. year, including Standard of New Jer| /The outlook is distinctly brighter. . Am Stores (12%)... 75 \ 4 Dresser Mfg (B). it st e 1% Reo Motor Car 5 sey, Standard of California, Texas Co| " Fifth District Building Permits. et DS Sl . & Loataiaua Ol 3 S Republic steel 34 p B, Bhliips Betrofeim, Obla, Of s ! Building permits issued in 32 le ] A Sumatea Tob ; Dulath § 8 & At E. i oulsaeEIA OX) 6 Reynolds Metals(1). ; Continental Oil. The ofls have had i mits issued in 32 lead- | 16 Sumatra Tob. . Duluth S § & Atlpf. ‘ Soulsvillo & Nash 6 2 . E %1 a 5 o e ha dng fifth district cities in May, 193z, 2 Am Tel & Tel (9 v s 4 Duplan Silk (1). 5 Ludlum Steel 1% Reynolds Spring.... 1 g such hard going, not only in the bea \numbered 2,319, compared with 2,835 Am Tolaceo (5) y : Dupont de Nem (2 g - e o ROy 62% 6 RevmoldsTob(3).... 208 +1 | market but even in the great bull mar PE!’mlt’S issued in May, 1932, a decrease 37 Am Tobacco (B) 113% Dupont deN db pf(6) 4 McAnd & Forb (1.60) 467 15 Reynolds Tob B (3). 454 ket that preceded it, that they hav| /of 18.2 per cent’ Estimated -valuation Am Type Founders. 2 102 Duquesne Lt 1st ( , ) MecCall Corp (2).. 10% 2 RossiaInsof Amer.. 22 9 few friends and even the few they hav .;Fgfg I% all classes of permits issuea Am Type Fdrs pf. 4| =70 1w Fastern Roll Mills. .. xcfrory Stores A 3 385% 17% Royal Dutch (80%¢) El are timid. It is, nevertheless, the opin Ipared with $3.964.398 valurmios r om 1} A Wat Wi ctfacly Eastman Kodak (3). % o Mecry B - _18% 6 RutsmaRRpL. ., 1 fon o the trade that no other industr its issued in May, 1932, a decreas Am Wat W 1st pf(6) Rt Kad piie McGraw HillPub... 1 7 7 57% 28 Safeway Stores (3).. 55 national recovery act in greater pro this year of 519 per cent. Thirteen of 15 Am Woolen......... Eston Mg G z 34 Mclntyre P M (11%) 90\ 72 Safeway Strapf (6). 60s ' v pertion than oil. B he 32 cities showed higher valuation + Am Woolen pf 4 Eitington-Schild. ... McKeesport T P (4). 102 80% Safeway Strspf (7). 160s figures for May, 1933, than for May, ‘Am Writ Paper ctfs. ington HChIA 18t- McKesson & Robbins 25% 64 St Joseph Lead...... I e '1932, but these increases wer Am Zinc & Lead. .... - by K % McKesson & Rob pf. 5% % St L-San Francisco.. WHOLESA ismaller cities and in most caces. wers Am Zinc & Lead bf. . Eise Auto It topt7). McLellan Stores 7% 1 StL-SanFranpf. ’ OLESALE PRICE RISE 3 = !idue to very low 1932 figures rather th; ‘Anaconda Ci 15 ENEric BoRt ‘6 4 McLellan Stores 17 5% St. Louis Southwn B x r an naconda Copper. 3 r 4 : .wch;lg}aaté%ures this year. Anaconaa Wire&'C. 1 18 Elec & yua(val Instr. g 3 ;::sk Tfi‘,‘f";‘éfi i » 4 g:;,’:,‘f.;';{':fi's‘wu. o : EXTENDED DUH'NG WEE fwork i the filh ecerve amine Anchor Cap bt (655). e 3 Elec Bnrani e, Madison Sq Garden.. 5 Seaboard Air Line. .. By the Assoctated Pres (M p yor ttaled 5 azss ) Andes Covper. oo 1 H Floc Storaga Bav s % Magma Copper.... Seaboard Alr Line pt Wholecale commodity prices contin} iluding both urban and rural conctruc: % Archer-Danlels (1).. FERTRL i ; 4 % Mallisen & Co Sexboerd Of Dul S0c- i ued their upward trend during the weel ition, compared with $30,540,265 in con. ‘Armour of Del pf (7) 3 S S Mallison & Co p! Sears Roebuck ended July 1, as the change was calcul ! i v, 1933 % : ; . Horn Coal pf. Manati S Second Nat Inv. g i iCorporation. Last year the fgure wae ** ‘Armour of Il pt. i aglcolt Il pter) Manhat Eley mod gtd Seneca Copper that follows the index of all ‘%ncrcased by a large \'olufneg‘(:?ec::f Arrnold Conslanble‘ 8 K K b ;‘::léi;egr_srr‘:? Sve.. 4 Manhattan Shirt. ... Servel Inc.... prices is given feor cumln‘l"nhle ~- i V! o v < Si% . 4 ibo Oil E: E . :;:;'ts ?t;m;%r?st% ttl)e National Govern- 3 Artloom Corp. .. i Y Equitable Of Bld (1). lf\lal;fi:‘cl:lmmrl;l;‘:&) Zm:zrks&e}}::np ]blsedoo on representing 1926 average : Of the e Toon ot assr? e . e o L 0 ErieRR... Market Street Ry. .. Sharp & Dohme pf (2) # ely r ¢ of all contracts, tchison. . ‘ e A 3 . ceeene ‘compared with $3,174,805 for residential Atchison pf (3. A e Market St Ry 24 pr. . Shell Union Oil pf... iwork in May, last vear, or only 10.4 per Atlantic Coast Line. . +1% - Marlin-Rocl 1:: deuen Simmons Co cent of all contract awards in that| 2: Atl Gulf & West Ind. %a Fairbank: Marshall Field & Co. Simms Petrolm(25c) month. " Atlantic Refining (1) 3 . Fairbank S % E _ Mathieson Alk (1%). Skelly Oil Upswing Prevents Summer Lull Atlas Powder 1 4 L Federal Mot Truck. ' . i May Dept Stores (1). §L";§i;§"‘.’£§.}”’ L. Socony-Vacuum . B vder pf (6). Federal Screw Wks. . Maytag Co. . ‘The uninterrupted upward movement ‘Rfl;‘i 52‘2“ cr.p g 4 8 % Fed Water Service A A Maytag pf ww to Solv Am pf ww(5%). So Port Ric Sup 1.60. of business has been so vigorous that ) 5 ced'd Dep Strs (60, 4 f Maytag Co 1st pf. scasonal restraining influences thus far 2::’1‘:;"\:‘1“;;(;)' ? i:;‘dle;!}ysrl“hoen (1(?23.); 3 2 Mengel Co. . have had no effect, says the National Avfation Corp (Del) . 138 .: 9 5 Fifth Ave Bus (64c). Mengel Co pf. S South Cal Edison(2). City Bank in its monthly review of €Co- | oo 3 Firestone T&R(40¢) - Mexican Petroleum. Southern Dairies A. . nomic conditions. In most lines the 13 Baldwin Locomo E Firestone T&RpL(§). Miami Copper. . 4 Southern Pacific backlog of unfilled business is sufficient 9% Baldwin Locomot 4 First Nat Strs (212). Mid Continent Py % Southern Railway... to keep mills and factories going for B M o O Florsheim Shoe (A). Midland Steel Prod. . Southern Railway pf. some time, it says, and little is now Baltimore & Ohlo pf. % Follanshee Bros Mid St Prd 1st pf (4) Spalding (A G). heard of the expectations of a substan- Bang & Aroost (2)... Food Machinery Minne-H'well Reg... 5 2! Spang Chalf pf. tial Summer decline, which were enter- Bang & Aroos pf (7). 4 4 ster-Wheeler. . % Minn Moline Pow. Sparks-Withing! tained in many quarters a month or ‘ % Barker Bros. . S 5 ! Feundation Co. X Minn Moline Pow pf. 2 Spear & Co 1st pf. more ago. Barnsdall Corp. Y 4 Fourth Nat Inv hd5c Minne & St Louis. ... Y Spencer Kellogg(60c; “This is the most impressive showing % Bayuk Clears...... Fox Film (A).. MStP&SS Marie. . Sperry Corp. ....... MStP&SSMpf... Standard Brands (1). Minne StP&SSM L. 9 Stand Com Tobacco. . of business recovery ever made in a Bayuk Cig 1st pf (7). - i Freeport-Texas (2).. comparable period in this country,” the Beatrice Creamery. . 7 4 Freeport-Tex pf (6). bank states. “Impressed by these gains, 13 Belding-Hemingway. D T P vy e < % Mo Kan & Texas.... % 4 Stand Gas & Elec.... business men are looking forward to the | 85 Belg N Ry pt pf 4.09. i Mo Kan & Texas pf.. Stand Gas & Elec pf. second half-year with confidence. + Bendix Aviation Missouri Pacific. .. .. Stand Gas& El pf (7) “Within a few more weeks the crops Best & Co.... Missouri Pacific pf.. Stand Invest Corp. .. . will be moving, and considering the im- Bethlehem Steel Mohawk Carpet..... 19% Stand Oil of Cal(1).. proved farm prices there is reason to 2 Bethlehem Steel pf.. Monsanto-Ch (1%).. 921% Stand Oil Exp pf (5). hope that the Fall rise in trade will be 4 Bigelow-Sanford.... Montgomery Ward. . 12% .Stand Oil Kansas. a substantial one, bolstered by a greater 4 Blaw Knox 5 Morrell (J) &Co (2). 2 22% Stand OIINJ (1). farm purchasing power than has been : Bloomingdale Bros. . Morris & Essex (3%) % Sterling Secur (A) present in the past year or two.” Blumenthal pf. Mother Lode........ 6 1% Sterling Secur pf.... Wholesale commodity prices showed 7 4 Bohn Aluminum (1). Motor Meter G & El. 21 Stewart Warner another large gain, according to the in- Borden Co (1.60).... Gen Cigar (4). Motor Products. 5% Stone & Webster dex of the National Fertilizer Associa- Borg Warner. (o e Motor Wheel 1% Studebaker Corp tion. This index advanced 11 points Boston & Maine. . h (G 10% Mullins Mfg. 3 9 Studebaker Corp pf.. during the latest week and brought the 3 Botany Con Min (A). 7 Gen Foods (1.60).... 25 Mullins Mfg 35 Sun Ol (1) index number up to 63.8, hitting a new % Brizes Mfg Co e 11% 1% Murray Corp. 7% Superheater (50c) high record for 1933. The index is now Bklyn Manhat Tran. 4 Gen Gas& Elec/(B)- sepFee Essa +++ FES | & Pillsbury Flour (1).. Pitts Coal Pitts Coal pf Pitts Screw & Bolt The general run of industrials di not participate in the advance in the momlnmut they fell into line in thq second half of the day. Railroad share: were strong f-om start to finish. Utili ties were 1n 1avor in the early tradin and toward the close agricultural imple ment stocks, the motors and vario specialties turned strong. The price trend in commodities w upward. Wheat in Chicago closed * to 1% cents a bushel higher. Corn wal up over 2 cents a bushel. Cotton wa m’i{n “C}l cn@nnm‘chm fluctuaf ir e fore exchanges fluc 4 Pressed Steel Car.... nervously. In the late afternoon sterlin Pressed Steel Car pf. v and francs were higher but the Bel. Proctor & Gam (1% ). gian bill was weak. Proc & Gamb pf (5).. ‘The. markat hesitated at the start, Producers & Refin. .. the London cables emphasized the con Prod & Refiners pf fusion of counsel in the Economi Pub Sve N J (2.80) Conference, but the pause was of briel Public Sve NJ pf ( duration. Before noon stocks were ad: Efi’ Public Sve NJ pf (6). vancing again, with the only laggard 91% Public Sve NJ pf (7). the general industrials. Oils, light an dht dht DRI+ Hhd Nan THE pA & S + & srrserFsFrranels | " £ B IR R T SN B R I IR e F3 3 I++1 411 L " serees e T o Vad 4441 SEFERELE EFFELEE Week ended July 1.. 65 Previous week. . 84 Same week last . 59/ Collateral Loans Up. NEW YORK, July 6 (#).—The Ne} York Stock Exchange has reported th member firms’ collateral borrowings to taled $780,386,120 at the close of busi} ness June 30, an increase of $251,876 682 over May 31. SILVER QUOTATIONS. NEW _YORK, July 6 (#).—Bar sil easier, 3 lower at 363. b (INVESTMENT TRUSTS * NEW YORK, July 6 (#).—Over-the| counter market. Quotations as of 3:30 o'clock. Am Bank Stock Bullock Pund . Cumulative Tr Sh . Corpo: Trust .. 2 Fewe s sxFrsrsss AR A @ EEeTal FEIE FEEFLFE SIHEE L4+ |+ - FEPEF Gen Am Trans (1) Gen Asphalt. . Gen Baking (1). Gen Baking pf (8) Gen Bronze. Gen Cable. . Gen Cable (A) SNEEFEE nd Tr Shr: Pund Tr Shrs B Incorp_Investors Mass Invest Tr sesss ARERsSsEEE R I I S 1% [Erlers 20 8 jMyer (FE)& % Superior Oil. 30 points higher than a month 2go and Bklyn&Queens pf, (6) ' Gen G&E 6% cvpf A 4 - S 31 points higher than a year ago. 63 Bklyn Union Gas (5) Y % Y Gen “vaf&hl 7% pLA 3 e Of the 14 major groups in the index 2815 Brown Shoe (3)..... 2 Ten Mills (3) 0 681 : Nash Ciat & St L. seven groups were higher during the 4 1% Brunswick-Balk % Gen Milis pf (6) 9 “ B B Ea latest week. one group was lower and 4 14 Bruns Term & Rwys. L y Gen Motors nf). 2 32 7 3 A\'m DSl Mo a‘\‘:) six groups showed no change. The ad- 2 Bucyrus-Erie....... Gen Motors pf ; 1 i Nt Dlsouicaan vancing groups were flmdsél fuel, inc!;ld< 9 2?. guc)~rus-£r:e c;' {;21) 5 $:: g:;r:;fico;:_‘_;a ‘ ¥ i ey Rex; (A-) - g ing petroleum and its products; grains, 1 Bucyrus-Erie pf (2). 3 i + i e 5 0 Tos sttt Sl meses] o B BeINE i o B m A % Nat Dept Stores.. B oo ' DIVIDENDS ANNOUNCED, i ili: aterials. ul . . % N seese ; £ {:}%fhal?g e(;‘c}sep:irt;g ortc?k&:z;refis tgmu):. i Budd :Nhee’l iy 3 % Gen Refractories. ... 10 T U . W 1% Tex Pacific Coal&OiL f the groups showed substantial Bullard Co. . Gillette Saf Raz (1). Nat Distiller: 814 Tex Pacific Land Tr. e va Wi Gillette Sat R pf (5) 5 5 8 Thateher MfE O gains. The miscellaneous commodities 5. gulo\lB“achh Glmebe]efim’ P . S atcher Mfg Co. ... lined. i urns Bros B. R i 4 ‘r%'}’tfiffireg commodities advanced Liurns Bros pf. € 3 Gimbel Bros pf... Nat Pwr & Lt during the latest week and 14 commodi- | 2 Burr Add Mach (40c Glidden Co. .. ties declined. 8 guz: Terminal. ... g:{:;;&«zo(l;)zo) erm deb stk. st (1.20).... Lively Trading on Exchange. Bosh Taminal pf He Goodrich (B F). Lively trading was recorded on the Butte Copper & Zi; 9 Goodrich (B F) pf. Washinzton Stock Exchange today, the Butte & Superior 9% Goodyear Tire&Rub. second session of the second half year. Butterick Co 5 4 2T% Goodyr T&R 1st (2). Washington Railway & Electric 4s Byers (A M) . % Gotham Silk Hose opened business with a $1,000 sale at 304 Byers (A M) pf ( 1 Graham-Paige 875, 3% Granby Consol ‘Washington Gas 5s, 1958, recorded 7% California Packin % 3% Grand Union. two $500 sales at 87 and Washington 1% Callahan Zinc & Ld. . H 119 Granite City Sti (1) Gas 6s, series B, came out at 104 2 Calumet & Hecla. ... 16% Grant (WT) (1) C. & P. Telephone 55 of Virginia regis- 2 Campbell-Wyant Fy. % 4% Great Northern pf. tered a §1,000 sale at 103. 71 Canada Dry G A (1). 5% Great Nopthern Ore Anacostia & Pctomac RR. 5s came 7% Canadian Pacific. ... 7 Great Wdst Sugar. 0% 29% 158% 100 N Y & Harlem (5)... 3008 154% out today in three $1.000 transfers, all 14 Cannon Mills (1). 4 724 Great Wn Sug pf( 2 14 N Y Investors....... 2 made at 43':. This concluded the 2514 Capital Admin pf A. % Grigsby Grunow. 77 3 % 3 + % 11% N Y N H & Hartforq, 33% day's bond transactions and interest 50% Car Clin & O sta (5) % Guantanamo Sugar.. 18 NYNH& Hart pf.. 56 turned to stocks. 30% Case (J I) Co. 3 1% Gulf Mobile & North. +1 7% N Y Ont & Western. Potomac Electric Power 512 per cent 41 Case (JI) pf( 80 2% Gulf Mobile&Nor pf.. +1% 1% N Y Railways pf.. fe ck W v 5% Caterpillar Tractor. 33 6% Guif States Steel. . +1 1% N Y Shipbldg (40¢).. preferred stock was strong, several 5 .- ¥ an Y Y small lots selling at 108, Washington 43 Celanese Corp....... o | e W TS o] 3, 8, NYSnipblagot @) St 1% Celotex Co.. s oty e % Celotex vtc. Hnck Wat i A 10 ¢+ %l 3" % Norfolk Souther fnal transaction for the day was & 1% Celotex Pf.....z.cen : % % Tiakn Dapt Siniiy. - e, +,%] 168 111 Norfolk & West ingle share of Mergenthaler Linotype 14 Cent Aguirre (1%).. % a7 HEIn DScU ooy H 1, 8% 4 NorthAm Aviation, 5t 29, 38 CEnt R of Y i LS +1%] 364 15% North Am (b8%stic). ! Trus stoc] 2 Century Rib Mills. s 46 82 North Amerptf (3)... et e Scunty 5% Cerro de Pasco...... i —1%| 29 9% Northern Pacific. ... Storage is also ex dividend following 1 g;rt-nl:n-tceeg gx;od-. 6% . e By 43% 2?’,2 g:;;h::s;::: gl)‘;. the recent dividend declaration. T3 Cltacher LA > Hayes Body. . 33" 29" Norwalk T&R pf 3% 3 24% Ches & Ohlo (23)... 5 2 Heard in Financial District. Hazel-Atla GI (13%) i 14% Chesapeake Corp (29 : Teriisaionat 17 4% ONI0OIl............ Another day has passed without the 14 Chi & Eastern 111... . P 3 £ S controller of the currency issuing the i Chi & Eastern I11 pf.. fi":“}” Powder1% 7 b57% b66% x?’m‘fi §';: gm:r ;l& p"; !‘:__ expected bank call for condition of all 1% Chi Great Western. . % Her : es Pow n; (7). o T8 1% OaibeusCorn... the national banks in the country and 2% Chi Great Westn pf. Heruhey E‘,:“ (‘)v.s. 3 15 3% Ogpemnetm Coliin ali_thie iopen SBanks? ful Bthats ks 95 C0 Bl & Tniax ot bt e | 24% 104 Otis Elevator (60c) of Columbia. Many of the New York 1 ChiMil StP & Pac.. Hzn:nd “smu- . + % 104 931 Otis Elev pf (6) banks have already published their con- 1% Chi Mil StP & Pac pf. 2% H d““": H"“’i‘ (A‘). -% % 14 OtisSteel, dition as of June 30, without waiting 1% Chi & Northwestern. oudaille-Hersl S15 5 ot for a call 2 Chi& Northwest pf.. ; -~ e % + %] Sie 31 Owens Il Glass (2) July has generally brought-a rise in 2% Chi Pneumatic Tool. 523’.321‘.'8';}'(.;;.‘.3 .. 36 +1% e e the stock market. In the last 36 5% Chi Pneu Tool pf. KL L HoweSound (486). .. 5 1 P:cmc Cm-t.l..‘ : vears, says the New York Times, the 2 Chi Rock 1& Pac. e % 1% Pacifc EOL industrials have advanced in July in 2% Chi RI1& Pac 6% pf. g ol & 2‘1’ e Gou;m;b.)” 22 years, declined in 10 and shown| 3% Chi R1& Pac 7% pf. Hudson Motor Car. 3 31% R Iflc L"hun “). virtually no change in 4. Last July 6% Chi Yellow Cab (1).. Hupp Motors 2 bt 6% 43% 6“ P:cmcui‘t"‘ g (3). saw a sharp rise in stock prices, which 5 Chick Cot Oil (h50c). 27 26 - e ——————————— 29 P'z flc‘r TR continued in . At that time, 2 Childs Company + B +2u| 92 66 Im c 'l"h ] . however, a strong technical position| 20 6 Chile Copper. Ce P 5 . +3% | 110 101% l;::k:;-d o b2 c(“ . had been built up through four months T% Chrysler Corp..... + Illinois Cent 11 (4). % 1% otor ' of short selling and liquidation. This T4 City Ice & Fuel (2).. Indian Refining..... situation does not exist today. 46 City Ice&Fuel pf 6% . +1 24 Industrial Rayon (3) Directors of Virginia Carolina % City Stores. .. 2% 2% + Ingersoll-Rand (1%) Chemical Corp. have authorized pur- % : Inland Steel........ + + + + Ho 4 & ¥ I £ Y% Symington Trust 8% Telautograph (1). i eed N Y B 1% Tennessee Corp. 8 % % Trusted Am Bk 10% Texas Corp (1). +1411 FEEES F i " & NEW YORK, July 6 (®).— Pe- Pay- Company. Rate. Tiod. abie, 7 Reduced. Montreal Tramway $2 Q July 15 Resumed. +4 - &+ * .. 10 Third Natl Inv h85c. i 6% Thompson (J R) (1). Nat Steel (1). 5% Thompson Products.. Nat Supply Co 1% Thompson Starrett. . Wisc Hiding A..17%c Q Sep. 15 Nat Supply pt 8% Tide Water Asso Oil. Accumulated. Nat Surety. 5 5 23% Tide Water Asso pf.. Wise Hidg A....17%c Q Sep. 15 Nat Tea (60c) 45 Tide Wat Ol pf (5).. i % Nelsner Brother: 1% Timken-Detroit Axle New Orleans Tx&Mx. 13% Timken Bearing 60c. Newport Industries. . 2% Transamerica Corp. . ¢ NYAlr Brake . 2% Transue & Williams % 2% Tri-Contl Corp...... 1% N Y Chicago & St L. 20% Trico Products(2%). 2% N Y Chi&StLpf. % Truax Traer Coal. .. 5 NYDock...... S B 2 * Truscon Steal. . ... 1% Twin City Rap Tran. 5 5% Twin City Rap Tr pf. Bowate Der' & T.54 Brown 75 % Ulen&Co........... cotlr"ldthv"t;fl)(%um -1 ad. Wis) pf. St RIERI e 28 Corn Exch BE Tr..18 @ A i Tnion Bag & Papet. < Courtlaulds Ltd Adr for 19% Union Carb &C (1).. 5% DI - (rem) ...7C .. 8% Un Oil of Calif (1) 61% Union Pacific (6). 56 Union Pacific pf (4 10% Union Tank Car 1.20. e 1.62% Q g:b 16% Unit Afreraft. ¥ X . 51% Unit Alrcraft p 2 m‘{é{‘nfix’. ‘,5‘."}"‘5%2: ::“: 3 Unit Am Bosch ass) u Yds pt.- .54 8 Juy 15 ee"ar gxsy +1 L © Amer’'s Lead_Inc Aug & Sav R R. Bost Saf Dep & Regular. Amer Iny Co II"A.50c Q Amer's Lead Inc...2c Q Asbes Mfg 7% bf.35¢c Beatty Bros Ltd 6% pf. G EFEFEFEFPEFEER AT e FeBPsfssr i 22" pages o 2 B R S I I o R 444t wetE FEE por - S5 Somm & e moe +4 44| L3 - 8 - 3 EEEFEJEEE FFESELF Market Averages By the Associated Press. 14 Unit Gas&Im (1.20). 85 Unit Gas&Im pf (5).. % Unit Paperboard..... 3% Unit Plece Dye Wks.. 50+ UnitPcDWpf6l.. I T R A A e it t+|++l EFREE £ OFEF aa:gg [ - o 52 Sl 22t o i o3 i G55, 'fifl 1 Low (1931).." 60. - t3 + 3 - - + & SERRIRERREE"" caeaqaqqadaaaadqaadd 2! 3] FEEE2E TRLtES £ TP Leather. ther Pi § FH +1 L =¥ 5 pe&Fdy (50c). P(F 1st pf 1.20.. Rubber......... Rubber 1st pf... Smtg & Ref (1).. Steel..... . Steel pf (2)..... 8 Tobacco (4.40).. nited Stores (A)... 66 niv Leaf Tob (13). 17 niv Pipe & Rad.... 0 (Coutinued an Page A-15.. 28 Boowbniei DR i i R Soas SO DLk LD, o [ nNRUNNNNRURRNREE o, 23S0 o i g S3E8a £1-1] # chase of 10,000 shares of the corpora- Inspiration Copper-. . nspo tion's 7 per cent prior preference stock Clark Equipment.... 310s 13% Insuranshrs Del 15c. % Pathe Exchange.... at a price not to exceed $60 a share 10 Cluett-Peabody (1) 1 Insuranshares (Md). 3 1% Pathe Exchange (A). smckgoldcrs will have thef'vpn of 78% Coca-Cola (6. 1% Interboro Rap Tran. 5% Patino Mines....... tendering all or any part of their hold- 44 Coca-Cola ( ' Interboro Rap Tr cod % Peerless Motor Car. ings. Terms of the plan and blanks 7 Colgate-Palm-Peet. %1 3% % Intercontl Rubber... 2% 26% & Ford (1)... ‘will be mailed to promptly, -3 . Collins & Alkman.«s: .63 + % 1% it 23%- Interlake IroB cecesss .- -1 10 ) JC) (120).. - 3 = Binisto o 33 25 ABNBe 2k E 8232323222 £5 a = ;i.: - g FORERRSERE FHlHEE4Et EFEERFess e B a r L ~