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A FINANCIAE " TRANSACTIONS ON THE NEW YORK STOCK EXCHANGE Received by Private Wire Direet to The Star Office. HUGE WASTELAD | TO CREDT ABUSE Prev. 1018 ~ High. Low. Mack Lansburgh Is Member f i of Gomznittee Urging Na- - & tomal Code. BY EDWARD C. competition thy. torths te.” in STQNE. the' cpmion cf e Eliot H. Thomson. ation consisting ! A Epstein of nsburgh ich a code and retail organ- as a part of edit basis financing » Code’ prom- mer- article or fdvertised 3. To advertise in such manner as ayment is individ- of or edit to any Advertising Head. s af m helptul sition by uu\ work of 1<ual association. | the antial terects, | poit as advertis- ed the the Wash- | into the work and s Railroad F Turn Upward. Capital ho of railroad _stocks ere elated over recent reports for the st half and for June alone & Ohio Railway reports six mor ended June road reports May 31. 1933 after taxes and ended ne: inc $402.245 charges t aft quiren 049 comm > per inst net Ohio and the ndous changes earnings. The ws improvement Commercial Bank, ating on a 5 per cent 3 since the bank h pened on 100 per cent 1 of the re- Crowther is pres y itution. By the | new plan 55 per ¢ their deposits beco Luble positors. The « Co. is to be| as the Baltimore wnization plan Al of all de- | depositors are 10 per cent of their deposits to the 5 per cent already ble. Depositors will Tecetv btnes for the re- of deposits. which cent annual intere maturity date, July 1, to receive w w bank ave capital of of preferred k common, sur- plus and un stock to be = struction F Corporation. Bonds Leaders on Exchange. ! On the Washingtcn Stock Exchange | bonds were the m e in today's transactions. The mar opened with Capital Traction 5s selling at 48, on | two €500 and one $1.000 transfers. Georgetown Gas s figured i a $3.000 | sale at 104': and the closing trans- actions were in tomac Electric Pow olidated 5. $4.000 and $1,000 mov- . Steamboat stock sold at 70, and iwo sales,of Potomac Electric Power 5' per cént preferred stock came out | at 108'i. The final for the day | was a single share of Washingten Rail- way & Electric preferred at 88. $ 0,000,000 in sed Banks. Treasury sources place the amount of now in closed or restricted ximately $2,300.000,000. $1.000.000 Stat d $200.000 €00 for the I vt inct 4 which have been oper ¢ victions for some time. 1031, 26 ™ 4 12% 41 11 427, 15 101 211y 38% Today's Stock and Sales Dividend Rat Adams Express..... 131 12% Adams-Millis (1). 46 21% Addressograph < 9 10% Ady Rumley. . 10 TH Aftiliated Prod (B0c).x 54 9% Air Reduction (3)... 20 100 Airway Elec Appl... 4 3% Alaska Juneau 60e).. 1085 31 Aufl R L T199 ‘T 'F;(M.{nmm s oiias ilagheny Steel..... 60s Amgmhemν) 80 Allied Chem pf (7). 1 Allis-Chalmers Mfg.. 157 Alpha Port Cement.. 10 Amal Leather. ... 61 Amal Leather pt. Amerada Corp (2] Am Ag Chem (Del). . Am Bank Not : Am Bank Am Beet Am Beet Sugar pf. Am Brake Sh&F 60c, m Brake Shpt (7). Am Can (4) AmCanpf (). ..., r & Foundry .. “ar & Found pf.. riype : Am Comc’l Aleohol .. 1135 ling gn Pwr. . r Pw pf (6). r Pw pf (7). For Pw 2d pf.. Am Haw Stship (1), Am Hide & Leather. . m Hide & Leath pf. Am Home Prod (3).,, Am Ice Co Am Iee Copf (6) ‘Am International. .. AmLaFrance & F.. Am La France&F pf. 20s Am Locomotive..... 54 Am Locomotive pf.. 5% Am Mach&Fdy (¥0c) 34 Mack Metals ews (11g)..... Power & Light. . P&L$5 pf (1%). P&L$6 pe (1%). Radiator Iling Mills. afety Razor (3) Seating. .. hip & Com. ... » Shipbuilding (2). 3008 Sm & Ref. . 281 Sm& Ref§% pf. 4 Sm & Ref 7% pf. rel & Tel (9). Tobaceo (5)..... Tobacco (B) (3). Tvpe Founde 1 Type Fdrs pf. Wat Works (1).. Wat Wkeetfs(1) n Wat W 1st pf(6) Woolen. .. Waoolen pf.. Writ Paper ctf Writ Paper pf Zine & Lead. . Am Zinc & Lead pf.. Anaconda Copper. Anchor Cap (80c). .. Andes Copper. 5 cher-Daniels (1).. Archer-Dan pf (7 108 Armour of Del pf (7) 5 Armour of HI (A)... 341 Armour of 111 (B) . 7 Armour of Tl pf. Arnold Constabla. Associated Apparei. sso Dry Goods..... 52 As<o Dry G 2d pf. Associated Oil. . Atehison. LTI g6 Atchison pt (3 SEIN T Atlaptic Coast Line.. 31 A Gl & West Ind, 1 f&WiIndpf., 1 102 SR las Powder pf (6). 108 4 Atlas Tack. . .2 213 746 Taldwin Baldwin Locomot pf. Baltimore & Ohio. Baltimore & Ohio pt. tang & Aroost (2) Rarker Bros Barker Bros pf Rarnsdall Corp. .. Bavuk Clzars S Reatrice Creamery.. 17 Beech Pk (.. 1 ; Belding-Hemingway 41 c NRy ptpf4.08. 5 dix Aviation..... 214 Pest & Co. 3 < Bethlehem Steel. & Bethleham Steel pf., Bigelow-Sanford Rlaw Knox. . Bohn Alumint Borden Co (1.60) Zorz Warner. Poston & Maine. Lotany Con Min (). Rriggs Mg Co. S & Strat (1) ¥n Manhat Tran. n Man Tr pf (6). Rkiyn I'nion Gas (5) own Shoe (2)..,. unswick-Balke. uns Term & Rwys. Budd ( A . Budd (EG) Mfgpf.. Budd Wheel Rullard Co. Rulova V . Burns Bros B...... Burns/Bros (A) vte.. Tiurns Bros pf Burr Add Mach (40¢) Rush Termina Bush Term deb s Bush Terminal Butte Copper & Butte & Superior Butterick Co. R13 Byvers (A M). inc. 20'« Byers (A M) pf (2 i, California PacKIng. . 14 Callahan Zinc & Ld. . Calumet & Tlecla mpbell-Wyant Fy. a Dry G A (1). adian I'acifie. unon Mills (1) “apital Admin (A al Adminpf AL rClin & O sta (3). se (J 1) Co. se (1 1) pf (4) Caterpillar Tractor., 81 Celanese Corp. ... 7 3 Celotex Co Celotex vic. . Celotex pf.. Cent Aguirre (134). Century Rib Mills Cerro de Pasc Certain-teed rod. .. Certain-teed pf...... Checker Cab Mfg. ... Ches & Ohio (232)... Chesapeake Corp (2) Chi & Eastern 11l..... Chi & Eastern 111 pf . Chi Great Western. . Chi Great Westn pf.. Chi Ind & Louisv pf. Chi Mil St I & Pac. . Chi Mil StP & Pac pt Chi & Northwestern. Chi & Northwest pf.. Chi Pneumatic Tool . Chi Pnew Tool pf.... Chi Rock 1 & Pac.... Chi R1& Pac 6% pf. Chi R1& Pac 7% pf. Chi Yellow Cab (1).. Chick Cot Oil (h50c). Childs Company. . Chile Copper. . 508 % . R68 ce & Fuel (2).. 32 v Ice&Fuel pf6% 6208 City Stores. ... 42 v Stores ctfs. 63 3308 . 608 uipment. ... 1308 13/ Cluett-Peabody- (1)., 3, 3913 €luett Peabody pf (7° 108 98 Coca-Cola (6)....... 87 102 Coca-Cola (A) (3)... . 6 46 tores (A).. 11 200 9 7 8% 124 384 8 99y 46 THE EVENING STAR. WASHINGTON, D. C., Add 00. High. Low. Close. Cha 11w —1% T 49 1R, asn, % 191, 108 109 1y 23 48%n 112 y ‘Today's Bales Dividend Rate. Add 00. Colgate-Palm-Feet., 70 22 Colg-Palm-Ppf (6).. 3% Collins & Afkman. 58 Collins & Aik pf (7).. 10s Colo Fuel & Iron. . 45 Colorado & Southern 108 Colo & South 1st pf.. 2308 Columb G&E(b80e) .. 1479 Columb Gaspf A (6) 2 Columbia Pict vte 21 Columb Carbon Commercial Credit Comel Credit (A)... Comel Inv Trust (2). Comcl Solv (60¢c) Comwlth & Southn Comwlth & Sou pf(8) Congol-Nairn (6dc). Congress Cigar (1).. Consol Cigar. . . Consol Crrprpf 614 . Con Curprpf Xw 6z Conso! Film, Consol Film pf. Consol Gas NY (3.40) Consol Gas NY pf(5) Conso! Laundries. Consol Ofl Corp. Cons RR of Cuba pf. Consol Textile. . Container Corp (A) .. Container Corp (B).. Contl Baking (A). Contl Baking (B). Contl Baking pf (4). « Contl Can (2) Contl Diamond Fibre Contl Insuf (1.20)... Contl Motors. . Contl Oil (Del).., ... Corn Products (3)... 71 Corn I'rod pf (7) Coty Inc Cream of Wht 12 4 Crosley Radio. Crown Cork & Seal Crown C&S pf ( « lishing pf. Curtiss-Wright. Curtiss-Wright (A). tler Hammer Th Davera Stores 401 Deere & Co. Deere & Co pf (20¢) . Delaware & Hudson. DelLack & Westn. .. Denver & R G W pf.. Detroit Bdison (4) Devoe & Ray (A) Diamond Match (1). Diamond Mach pf 1'% Dome Mines ( Dominion s Doug Aircr Dresser Mfx (A) Dresser Mfg (B) Drug Inc (3). Duluth § 2 Duluth S S & At L. Dunhill Internatl Duplan Silk (1) Dupont de N Dupont deX db pt(6) Duquesne Lt 1st (5). + Dutham Hostery pf. otrie Be ec & M Pwr&Lt §6 p Pwr&Lt $7 pf. .. ec Storage Bat (2). k Horn Ce S5t & Horn Coal pf icott Johnson (3) ndicott John pf (7) ineers Pub Sve. . Serew Wks. . r Service A rs (6ue) 1.20.. oundation Co. fourth Nat Inv h briel Co (A). mewell Co A nAm Investors. .. n Am Tr n Aspha ne (1)... 997 ng pe (8). . 2. (ien Bronze. ... 1% n Cal 2% n Cal A 29 n Cigar (4) 100 n Cigar pf (7) 1003 lectrie (40¢). cc spec (60¢). ‘o0ds (1.€0) lec (A). lec (B). v pf A 1% PLA Gen Mills (3).. Gen Mills pf (6). Gen Motors (1) Gen Motors pf (3 Gen Outdoor Adv Gen Outdoor Ady (A) Gen Printing Ink. ... Gen Prtg Ink pf (6).. Gen l’uhlic Service i Gen R al (1). Gen & Util, ¥ & Uil pf. Gen Refractories Gillette Saf Raz (1) . Gillette Sat R pf (5). Gimbel Bros. dden Co dden Co pr pt (1) bel (Adolf) eal Gold St Goodr Goodrich (B F) pf. ioodyear Tire&Rub. Goodyr T&R 18t (2). sotham Silk Hose. Graham-Paige. % Granby Consol. and Unfon. Grant (W T) ( cat Norshern pf. eat Northern Ore.. Great West Sugar. .. Great Wn Sug pf(7). igsby Grunow..... Guantanamo Sugar. . 5 juantanamo Sug pf. § Gulf Mobile&Nor pt. Gulf States Steel. Gulf States Stl 1st... Hackensack W (1%) Hack Wat pf A1%. Hahn Dept Stores. Hahn Dept Stores pf. 4 Hall W F Printing. .. Hamilton Watch. . Ilanna pf (7) Jiarbison & V Hat Corp (A). Havana Elee Ry. Hayes Body......... Hazel-Atla G1 (13%) 83 Helme (G W) (17).. 101% Hercules Motor . 1645 Hercules Powder 134 16 53'% Hercules Pow pt (7). 100s 110 Hershey Choc (3)... 8 68 Hershey Choc pf (16) 4 90 Holland Furnace. 23 8% Hollander Sons...... 3 8 Homestake M ($10). 7 275 loudaflle-Hersh (A) 1 14 Houdaille-ersh (B) 30 6 Tousehd Rin p£4.20. | 48- HOUSTN OH e % Houston Oil (new).. 39 7 Howe Sound (40¢)... 2 281 106 3% 440 35'¢ 2315 2 419 85 174 105 3% 3 35 221y 36 60 2513 28 674 321y ™ 8% 83 22% 75 100 16'% 50 108% 66 85% 84 8 270 14 513 438 63 86 18° 764 - 3% 14% — 48% — % +1% 40 121 —1% +1 -2 247y -2 80 +14 58 5 4R 185 -2 | “iu 41% -2 —4% =g 30— e T =2l 6% — 14 25l 26% -2% ' 2 Net. | Prev.3on1 gh. Low. Close. Chge. 19% —2% High. 19 48 16% T 110 WED Stock and Dividend Rate. son Manhattan. . Hudson Man pf (5) 3 Judson Motor Car. 1% Hupp Motors %12 1lhinots Central. ... 31 Tilinois Cent 11 (4). 1% Indian Refining 24 Industrial Rayon 19% Ingersoll-Rand (1%) 12 Inland § 3 2 Inspiration Copper. 1% Insuranshrs Del 15c. 1'¢ Insuranshares (Md), 4'x Interboro Rap Tran. % Intercontl Rubber, 21 Interiake Iron....... 7w Int Agriculture. 5 Int Agridulture pf... 75% Int Bus Mach (6).... Int Carriers Ltd 20c. Int Cement Int Harvester (60¢). Int Hydro-Elec (A). Int Merchant Marine Int Nickel ofCan. Int Nick Can pf (7) » Int Paper pf Int Paper & Pwr (A) Int Paper & Pwr (B) Int Paper & P'wr (C). Int Paper & Pwr pf Int Printing Ink. Int Rys Cent Am pf.. Int Salt (14). Int Shoe (2) Int Silver. 2 Int Silver Int Tel & Interstate Dept St. . Intertype Corp. Island Creek Coal(2 dewel Tea Co (3). Johns-Manville Jones & Laugh 1 00 "&LIStPEB (6). s ty Southern. 12 ity South’n pf. 2 ufman Dept St vser (1) & Co. Kelly Spring T Kelvinator Kennecott Cop H) (1) rocery (1). ambert Co (4) Lee Rubber & Tire. . sh Port Cement Lehigh Lehizh Va 1 Locomotive. . . tores pf. aw Hill Pub. .. re P M (F1%) sport TP (4). 'n & obbins dison Sq ¢ Magma Copper Minati Sugar p.. Mandel B § 24 pf Market St By prpf.. Mariin-Rock (1). Marshall Field & Co. Mart SMathie ¥ Dept Alk (13%). tores (1) Machine (60c) 1d Vie pf 1.89 Tiami Copper. . Mid Continent Pet. eei'rod. . Mid St I'rd 1st pf (4) e-H'well Iteg. Minn Moline Pow... ine Pow pf. MSUI &S S Marie. M StP 8 1pf Minne M 11 Mo Kan & Texas Mo Kan & Texas pf Missouri Missou Mohawk Carpet. Monsanto-Ch (1) Montgomery Ward. Morrell (J) & Co (2). Mother Lode Motor Meter G & EL Motor I'roducts. Motor Wheel Mullins Mf Mullins Munsi Murray Corp Myer (F ) & Bro Th Motors (1) Nat Acme Co...... t Bella Hess pf... at Biscuit (2.80)... at Lead (5) at Lead pf tPwr& Lt (1), Mex 2d pt eisner Brothers. ew Orleans Tx&Mx. ewport Industries. . Y Air Brake. Y Central. ... Y Chicago & St L Y Chi & StLpf. Y Dock Y Dock pf. . Y Investors Y N H & Hartford. Y Ont & W Y Railwa: Y Shipbldg (400). Steam pf (6).... Noranda (hifc). . Norfolk Southern. Norfolk & West (8) North Am Aviation. . i North Am ‘(b8 %stk). Northern Pacific. ... North German Lloyd Northwest Tele (3).. Norwalk Tire & Rub. Ohio Ol Oliver Farm Equip. . Oliver F Eqpr pfA. Omnibus Corp. Oppenheim Col evator (60c) ev pf (6).. 20 Pacific Gas & El (2). 251 Pacific Lighting (3). 6 Pacific Mills........ 65 Pacific Tel & Tel (5). 1% Packard Motor Car.. % Panhandle Pro&Ref. 5% Ranhandie P & R pf. 14 Par-Publix cts 6 Dark & Filford 3, Park Utap... 1, Parmeleg Transport. Pathe Fixehangé. 1% Pathe Exchange (A). 5% Patino Mines. . Add 00. High. S Today's Net. Low. Close. Chge 12 16% 157 150 — % 50 50 50 42 157 1414 14% —1% T 6% 6% — Ta 50 4315 45% + % 60 60 60 3% 3 3% 1% 34 6815 TOW — 2 421 42% 424 33 9% 8w 8 4 7 3% 3 2 8 siics 35 R OB 1 ‘ B 3N 15 104 100 169 5 4% 1t s 25 A 8 151% 150 150 18 9% 9 50 3 348 364 289 40 Ifl 319 137 11 ‘ 5 1414 22 19% 2 106 3208 20% 22 33 78 904 208 104 34 32 T 17 45 100 4 163 208 a0 63 4 44 14 130 363 221 10 47 508 1005 10 as 2008 86 120 124 1081 108w + 7% 18"y * 211 24 108 231 1085 103% 7 s 1815 1814 854 86 20% 30 36% 36% 24% 24m 9214 924 5% 6 2% 18% 19% -1% ~Prey. High. 9k 577 4T 10515 9y a2 % 37 « Pub Sve N J FINANCIAL. Today's Stock and Sales Dividend Rate. Add 00. High. Peerless Motor Car.. 81 814 6% Penick & Ford (1)... 5 5% 5412 (JC) (1.20). 33 46% 441 Penny (JC) pf (6).. 1 2 1043 10415 Penn Dixie Cement.. 39 Th T Penna R R (50c) 276 3 37 Peoples Gas Chi 67 Pere Marquette. Pere Marquette pf... Pere Marquette pr pt Tet Milk Petrol C 4 T'helps Dodge. Thila Co p Net. Low. Close. Chge. 6 1% 545 2 441y . Phila Rapid Transit. Phila & Read C & 1.. Phillips-Jones Co. . . Philip Morris&Co¢1) Phillips Petrolenm.. 102 b Phoenix Hosiery.... 17 2 Phoen Hos pf (31 3 5 5 1 Pierce Oil. ..... 3 Pierce 01l pf.. Picree Petroleum. Pillsbury Flour (1). Pitts C Pitts Screw & Bolt. . Pitts Steel pf Pitts Terminal B Pitts Term Coal pf. . s United Corp. Pitts United pf Pittston Co Plymouth Oil Poor & Co () Port Ric Am Toh (A). Port Ric Am Tob(H), Postal Tel&Cable pf. Prairie Oil & Gas.. .. Pressed Steel Car. .. Pressed § Proctor & Gam(1%3). Proe & Gamb pf (3) Producers & Refin Prod & Refiners pf.. (2.80).. Sve NJ pf (5 ve NI pt (6). (3). i Put Puliman Co 4008 +1 ading 20 3.3 350 3 . eal Silk Hosi i 9 12 ~is (R) & Co 1st pf., Remington-Rand. Rem Rand 1st pf Rem Rand 24 pf.. LIQ Motor Car. Tes (3).. trs pf (6). way Strs pf (7). Joseph Lead. . St, Lowis So ond Nat In ond Nat In rneca Copper. : nion Oil. Shell Union Ol pf imons Co. . withern D thern Pacific. ... outhern Rai Southern and Gas& nd Iny nd Oil of Cai(1).. nd Ofl Kansas. and OILNJ (1). arrett (L S). . Sterling Secur (A).. Steriing Seeur pf. ewart Warner one & Webs dehaker Corp. ... Studebaker Corp pf. . SmOil (1)..... Superheater ( Superior Ol Superior Steel, Sweets Coof Am mington. . mington (A) ograph (1). nessee Corp. Texas Corp (1) Tex Gulf Sulphur Texas & Pacific. ... Tex Pacific Coal&Oil. Tex Pacific Land Tr. Phatcher Mfg pf 3.60 Thermoid Co. . 5 Third Avenne Third Natl Iuy h Thompson (I R) u). Thompson Products. Thompson Starfett. . Thompson-Staret pf . ide Water Asso Oil. Tide Water Asso pf.. Timken-Detroit Axle Timken Bearing 60c. Transamerica Cor co Producis(214), 2 Truax Traer Coal. Truscon Steel 1-Fisher(30e). Union Bag & Paper.. Tnion Carb & C (1).. Un Oil of Calif (1) « Union Pacific (6).... Union Pacific pf (4). % Unit Aireraft. Tnit Aircraft pf (3). United Biscuit (1.60) United Carbon (1) Unit Corp (40c). Unit Corp pt (3). Unit Dyewood. Unit Eiectric Coa Unit Fruit (2). Unit Gas&TIm (1.20). Unit Piece Dye Wks. U S Expro U S & Forn Secur. S Leather. . Leather (A). Leather pr pf. s]"lpl\(fid) (50¢). TS P(F 1stpf1.20.. S Realty & Imp. 7S Rubber......... 312 7S Rubber 15t pf... 36 S Smtg & Ref (1).. 152 SSmtg&Refpf3% 2 U S Steel. .. . 808 US Steel pt (2)...... 31 103 US Tobacco (4.40).. 1 86 1'nited Stores (A)... 15 5y Univ Leat Tob (1).x 16 JS" 46, Univ Feat Tobprek . thek19- 119 (Continued on Page A-12.) 119 2% .| undermined by *| tillers at 95 was down « ¢ transacti —1s | *»¥x A—I11 'STOCKS END DAY IN STEEP DECLINE {Collapse in Repeal Shares and Collateral Curb Cited as Factors. BY GEORGE T. HUGHES. Special Dicpatch to The Star, NEW YORK, July 19.—Stocks broke violently in today's market, which was the collapse of th speculation in the liquor issues | The market opened irregularly lower, | rallied under the leadership of the rails | and utilities and then in the last hour o | reacted for severe losses. The rush to sell the so-called wr | shares found bids lacking and pri declined perpendicularly. These stoek had been bid up with a recklessne: unparalleled since 1929. when simila: performances were witnessed and aviation stocks. Retribut: today. however. Restricted. collaters Collateral The banks tightened quircments in -ome cases the liquor stocks entir was that the last hour Americar 1 Alcohol at 51 was off ovr: s on the day and National Dic- points. Othr t along ana with th raflroad | members of the group v ! eventually the whole market, | exception of of the shares. turned acutely weak Speculation in wheat and Wheat in {cents a busl in eottor ‘and the do The tape tape was were fi J ticker for informat was going on on t Ann Arkan; rely f the \l'V victories in abama brought the familiar “selling on good news™ into the alcohol shares in the early trading to- day. The group had been overbought and was in an extremely weak techni- vhe refore, an at- to take profits, the g was going on, the i not_impor acted none too » gold shares lding nearl; gold shares weak Ralls Take Lead. 1 rchip shifted to was the main incentive to the buving This in 1 ly $260.495, and | 1933 SILVER QUOTATIONS. NEW barely NEW YORK BANK STOCKS NEW VORK. July 19 # —Over-the= market tations as of BANKS TORK. stead: 19 (#)—Bar silver 'y lower at 40%g. 2 o'cloek.) All holders and p: ers of N. Y. Bank and_Insurance stocks should have our July Bulle- tin. 1t gives the latest information on deposits, earnings and book values. Copy wil be scut free upon request Robert C. Jones Co., Inc. Shoreham Bidg. MEt. 2922-23-24 SAVI® fixed type trust shares who prefer o more Nexible investment to meet chang- Ing conditions can save certain buying and selling commissions . . . avoid eco- nomic waste . . . by transferring through DISTRIBUTED BY A NATIONAL GROUP OF INVESTMENT HOUSES AND BANKS Statistics . Investors in this section have access to * the statistical facilities of the firm in New York. These facilities are of real help in the advantageous placing of funds, or the development of an invest- ment program. FENNER, BEANE & UNGERLEIDER SOUTHERN BUILDING I5th & H Sts. NW . Phone N Ational 7000 MRUAESS NEW.YORK STOCK FXCIHANGE