Evening Star Newspaper, July 30, 1933, Page 58

FINANCIAL. WEEKLY SUMMARY OF THE NEW_ YORK CURB MARKET FOR WEEK ENDING FRIDAY, JULY 3§, 1933 By the Associated Press. \ 4 " FINANCIAL, ZINC RESISTS LAG INMETAL MARKETS Vice President UNDERWRITERS PLANNING FOR AN ACTIVE YEAR. ~—1933— High. Lo Not ~—1033— Chee. | High. lov. 58 33 o Net | Close. tult. Stock and dividend. p Stock and dividend. Stand Oil of Ohfo. . Unit Shoe Mach (2%)... Hish. Low. Close. Hish. 3 38 51% 48y Substantial Sales Reported at Steady Prices, but Copper Is Quiet. By the Associated Press. NEW YORK, July 29.—In contrast with quiet conditions prevailing in most of the non-ferrous metal markets this week, fairly substantial sales of zinc were reported for delivery over the remainder of the year at steady prices. Smelters were said to have good orders on books and were not pressing for sale. Some disposition was noted to widen premiums for later deliveries. Activity of steel and brass manufacturers accounted for the de- mand. Copper was quiet. Declines in Euro- pean prices made domestic buyers cautious, but producers firmly main- tained asking prices at 9 cents for electrolytic, Connecticut Valley points. Their firm views were attributed to ex- pectations of higher production costs when a code is formulated for the in- dustry under the recovery act. Tin was irregular as a result of the | fluctuations of the dollar in terms of sterling. Tin plate operations continued at a reported 95 per cent of capacity. Consumers limited purchases of lead to small lots for nearby needs. With the London market at, or sometimes { below, the American equivalent buyers ware cautious on expectations that pos- sibilities of foreign lead being attracted here would cause domestic smelters to lower prices. Antimony was dull, with the under- tone somewhat easier. Stesl ingot production tapered off slightly to an estimated 57 per cent of capacity, attributed partly to seasonal irfluences and resistance to recently advanced prices. However, producers were said to be well supplied with crders on books. Elimination of all price commissions was said to be in prospect, Pig iron was steady, with ‘moderate demand at the recent ad-| vance. ‘! | Baltimore Markets Bpecial Dispatch to The Star. BALTIMORE, Md., July 20.—Demand | for Spring chickens has shown an Im~‘ provement the past week and values are | & shade higher, although the live poul- try market generally rules easy and shows a decline on other fowl. Receipts fairly liberal and most of the arrivals | consist of small, poor, thin fowl, which | 1 s hard to move out and in many in- stances has to be sold at a discount. Demand best for fat, young Springers averaging 3 pounds and over, which finds ready sale at 17 to 20 cents a pound. with Plymouth Rocks bringing cop prices and 2!, to 3 pound birds. | 14 to 19, but smaller stock moves slow | &t 12 to 16. Only White Leghorns, 2'2 Pounds and over, attract attention at 12 and 13, with smaller stock generally neglected at 10 and 11. Old hens in liberal receipt and it takes good fat stock, 3!, pounds and over, to move out readily at 10 to 14, with Leghorns ‘mostly poor, which are not wanted and =low sale at 10, and all light fowl as well as old roosters hard to place at 7 to 9. Ducks in more liberal receipt and only fat stock, 4'> pounds and over, attract- ing attention. The market is easy and lower at 9 to 12, with poor ducks of all verieties neglectad at 7 and 8, pigeons Plentlfu] and cheap at 10 to 15 a pair for both young and old. Ezg Market Eases. In sympathy with other leading cities | the egg market is easy in tone with de- | miand easily satisfled and centered en- tirely on large, well graded stock. Re- reipts the last week have been more than ample for the demand and with buyers very critical as to quality the market shows a decline of a cent a dozen below opening prices Monday. Shippers again are advised to ship their eggs promptly as all held stock shows “Joss under the candle and has to be sold at inside prices. Hennery whites, 57 Dpounds and up to the case, are bringing | 20 and 21 cents a dozen and 52 to 57 e —l HORACE WINTER, Recently elected to an impartant office in the District of Columbia Life Under- writers’ Association. He is head of the Washington office of the Travelers In surance Co. This year's underwriters’ | president is Thomas P. Morgan, jr. —Harris-Ewing Photo. Commodity Price Changes for Week BY H. N. McGILL, Editor McGill Commodity Service, Inc. AUBURNDALE, Msss., July 28 (#).— The price trend of all commodities, which a week ago registered the first decline since early March, failed to | register further weakness during the | past week, and again surged upward | to a new high. The index, as the end | of July approaches, stands 33 per cent | over the low of last February. During | the course of the past week scven | groups advanced, five declined and two remained unchanged. | Industrial prices, despite some wcak-1 ness in non-ferrous metals, advanced | guile sharply. No seasonal lull has eveloped in industrial activity. The administration immediately brought pressure to bear to avold any broad decline in commodity prices, and addi- tional energy has been exerted to speed | up the acceptance of new codes of fair competition. The object is to re-| employ 5,000,000 workers by September | Some of the major industries, such | as steei recorded a tapering off in the | rate of activity, but in general indus- | trial activity throcughout the month of | July has steadily forged ahead. Manu- facturers, wholesalers and retailers are still actively ergag2d in completing the replenishing of inventories which two | months ago were critically low and broken. | Agricultural prices failed to increase during the last week. registering the second consecutive decline. The ke- | down, following tremendous speculative | buying, was pronounced but short- | lived, and the price trend of grains nnd| cotton during the closing days of the week again turned upward. Live stock quotations were slightly lower than a week ago, the chief de- cline being notéd in cattle. Other live | stock—hogs and sheep—were well maintained. Building material prices continued the upward move-ent that has been! 1 in cffect in recer’. weeks, under the | leadership of a sharply rising trend in | lumber quotaticns. | Fuels also advanced. duc entirely to a vricc merk-up in the price of cok Hides and leather advanced sen- ationally. hides reaching a new high | of 15c. The advance in the hide index from the low this year measures 119 per cent. The index of non-fergjous metals was slightly lower than a week ago, as no advances occurred in the group, and antimony, silver and tin averaged lower. PFine textiles recorded a substantial advance, as the decline in cotton was checked followed by an advance, and | higher quotations materialized in cotton yarns, rayon and worsted yarns. Silk pound cases, 16 to 19 Nearby firsts, When of desirable size and quality, will | bring a premium over quotations of 16 d 17. but current receints are hard to $'ace at 14 and 15 | Under fairly liceral receipts from all ts. the market for new notatoes is tiightly easier and values show a de- | ciine of 25 cents at 3.75 to 4.00 a bar- | 1el for well graded No. 1s, but No. 2| stock moves slow at 1.75 to 2.25. ! Native and nearby earden truck in liberal receipt and values show a de- cline on some lines at the following quotations: Beans, 50 to 75 bushel: | beets, 1.00 to 1.50 hundred: cabbage, 40 %o 60 bushel; carrots, 1.50 to 2.00 hun- dred; sugar corn, 6 to 13 dozen: cucum- bers, 35 to 40 bushel; eggplants, 50 hamper; lima beans, 1.00 to 1.75 bushel; onions, 1.00 to 1.25 per 100! pounds; peppers. 25 to 35 hamper; spinach, 40 to 50 basket; squash, 10 to 20 hamper, and tomatoes, 25 to 60 hamper. Live Stock Market. The live stock market on the wharves has an easier tone, as warm weather prevailing the past week has curtailed demand. A fairlvy good movement is | moted for top grade cattle, but commecn in-between stock slow sale at inside prices. Quotations today at Light street wharf: Beef cattle, first quality, pound, 52 to 6; common to medium, pound, 3 to bulls, as to quality, pound, 2 to 3'2; cows, choice to fancy, pound, 3 to 3!2; common to falr, pound, | 1'2 to 215; cxen, as to quality, pound, 1! to 215; calves, veal, choice. pound, 5!2; large fat, pound. 41, to 5; large ‘rough. pound. 4 to 4!,: common thin, pound, 3 to 31:; sheep, pound, 1 to 3: Spring lambs, choice. pound, 6%, to 7 fair to good. pound. 5 to 6: small thin, | pound. 3 to 4; hogs, straight. pound, | 4 to 5; sows. pound, ) r pound. ‘2 to 215; li 8: shoats. pound, Closing grain quotations: Wheat—- No. 2. red. Winter. garlicky, spot, domes- | tic, 99: July delivery, 99; August de- livery, 9913: cargoes, on grade. no sales. Corn—No. 2. yellow, domestic, 69a70; cob corn. 3.50a3.75 per barrel. Oats— No. 2. white, domestic, as to weight and location. 51a54: No. 3, 50a51. Rye— Nearby, bag lots, 80a85. ENCOURAGED BY UPTURN. Winthrop W. Aldrich, president of the Chase National Bank. is “quite” encouraged by the current upturn in eneral business conditions, he ceclared cfore sailing eboard the North Ger- man Lioyd liner Bremen for Europe, and indicated that he b>lieved the cur- rent recovery is souncly based. Dollar Holds Steady. NEW YORK. July 29 ¢#).—The dol- lar, in terms of the French gold franc, closed today with a value of 73.96 cents, the same as yesterday, compared with 77.20 cents a month ago. Trade Trends By the Associated Press. Steel—Interests who _attack _barometric significance to scrap markets says the sitii- ation points to well mainiained demand for ateel products. Most of the leading scrap markets continued strong around the recent high levels. Cocoa—Wsrehouse stocks of cocon n to a new 5 et. Cotton’ Goods—Price confusion has been lessened by publication of differentials on fi . Business gen- ark time pending completion of other price schedules under the_textile code. oor | Qovering—Activity in_ the market tine the past week was lareglr’ confined trade in- the retail branch. according tere: bought s and Ties in good volume in anticipation of er' rices. i Consumers ‘and mecium weight, | choice Westerns at cloee, averaged slightly lower. Vegetable oils advanced to a new, high under the leadership of cotten- seed oil, p2Im and olive cil. Mos, important price changes in the | McGill weckiy price index 11926‘ equalling 100) were es foliows: Al comm Indust-ial .. Asricultural Live siock ... . Hides and Jeather Fine textiles ... *Revised. CHICAGO, July 29 (#) (United States Department of Agriculture). —Cattle, 1,000; compared close last week, choice and prime steers and yearlings weak to 25 lower; aggregate receipts contin- ved liberal and shippers demand abat- ed: all middle grades unevenly 25a75 off, heavies showing most loss; com- mon prime about 25 lower: top yearling 7.50, but little above 7.15; few yearling steers above 6.75; best light heifers, 6.15; kosher heifer, 6.25 in load lots: all heifers and cows steady to 25 off; lower-grade heifers and cutter cows showing most loss: bulls, 10a15 higher; vealers 50 higher, closing at 6.50 down; few stock cattle in run; mostly 4.00a5.00; with heavy teeders to 6.00. Sheep. 3,000; for week ending Friday. 53 doubles from feeding stations; 21.400 direct. Today’s market nominal. com- pared close last weck lambs mostly 50a 75 lower: yearlings, 75 down; sheep, | weak 1o 25 off: burdensome supplies of mixed and lightweight naiives price de- pressing iactor late; scme choice na- | tives with weight only 25a40 losing top. 8.35. Best Westerns at that pica ez bulk natives and good to 7.5028.00; hrowout natives, 4.00a5.00; late year- lings largely 5.00; maiden ewes, 1.50a | %;g weel’s bulk feeding lambs, 6.25a Hogs. 9.000; including 8.000 direct; scattered sales 10a15 lower than Priday; top, 4.55; bulk. 4.50 downward; most pigs below 3.25; packing sows, 3.50a 4.00. Shippers took 100 and estimated | holdover 1,000. Compared week ago, market 15a20 lower. Light light, good and choicc 140-160 pounds, 3.60a4.35; light weight. 160-200 pounds, 4.15a4.55; medium weight, 200-250 pounds, 4.45a 4 heavy weight, 2502350 pounds, 4.1584.50: racking sows. medium end good, 2752530 pounds. 3.3024.00; Dpigs, good nad choice, 100-150 pounds, 3.00a 3.60. Market Averages‘ By the Assoctated Press. STOCKS. 50 20 20 Indus Rails. Utl). T 4R35 94 49.5 9 £ = Fid N S Friday ...... Previous ' day’ 2 899 80.2 a2z £ wus =3 SSe B3 Sosnnbie SSAITIRFI2RZD WIARSOTUARR: ®) gSazazs 2333983232222 e T (Copyright. 1033. Stand. Statistics g Y% 10’ 5ty 1% 4 6'3 18% 10 43% 314 65 110 Y LT 4% 7in 1% 1y 4Ty % 17 10 165 4 4% Stock and dividend. Acme Wire vte. .. Ainsworth Mfg. Alr Inv Ine vte Alr Inveators Alr Inv eonv pf., Ala Power pf (1) Allied Inter Inve: Allied Mills Inc. Aluminum Co of Am. Aluminum Co Am pf 1%, Aluminum Co Ltd. Aluminum Ltd cum pf. Am City P&L (B) (15e). Am Com Pow A... Am Com Pow B, Am Corp....... ‘Am Cyanamid (B).. Am Dept Stores. .. Am Dis Tel NJ cv pt(7). # Am Maize Products (1 il Am Mara Am Salamandra Corp. Am Superpower. . Am Superpower pf. Am Thread pf (25¢)..... Anchor Post Fence t Gas eu pf. . Arkansas P&L pf(2.32). % Armstrong Cork.... Art Metal Works Armour Ill n war Armour 11l war Arundel Corp (2). s Asso El Ind Ltd p9 1-5c. Asso Gas & Electric. Anso Gas & Elec (A).. Asso Gas & Fl war.. Asso Gas & Elec pf. Asso Ravon. Asso Tel Utilit Atlantic Coast Fisheries Atlas Plywood Atlas Utilities Auto Voting Machi Axton Fish Tob A 3.2 Bellanca Air vte. . Bell Tel of Canada (§) Beneficial IL (1%). Bickford's Inc (60c) Bliss Co (EW)... Blue Ridge Corp Blue Ridge pf (a3) Botany Cons Mills . Bourjols Inc (k25¢ Brazilian Trac & L Bridgeport Machin B.illCorpB. ... Brillo Mfg (60¢) Bristol Myers Corp 5 Br-A T cou B p34 3-10c. . Brit Cel Ltd rets. Buffalo N&EP pf(1.60).. Buffalo N&EP 1st pf(5). Bunker Hill & Sullivan.. Burco Inc war... Burma Ltd rcts (pl1%e). Butler Bros. ceee Bwana McKubwa Corp.. Cable Radio Tube vte. Cable & Wire B rets. . Cable & W pf rets (pc). Can Indus Aleohol (A) Can Indust Alco B adian Marconi Celanese Corp 1st pf. Celluloid Corp. ..... Cent & Southwest Ut Central States Electric. Cent States EI 7 E Centrifugal Pipe (40¢c) Chesebrouzh (16%). Chief Consol Mining Childs COpf...... Citles Service. Clev El Illum (1.60). Cleve Elec Illum pf (8). Clinchfield Coal. .. Club ATumn Utensils Colon Oil. .... Colts Pat Fire Arms(1). Colum G&E cv pf (5)... % Columbia Oll & Gas vtc. Columbia Pictures...... Commonw'lth Edis (4) Comwith & Sou war. Community Water St Consolidated Afrcraft. .. Consol Auto Merch ctf: Consolidated Copper. Consol Gas Balto(3.6 Con Min & Sm (b10%) Consol Retail Stores Consol Royal (20e). Consol Theaters vtc. Cooper Bezsem: Cord Corp (10¢). Cosden Oil cod Courtaulds (p8%¢)... Creole Petroleum. Cresson Consol (4¢) Crocker Wheeler. . Crown Cent Petrol. . 4 Crown Cork Intl (A) Cuban Tobaceo vie, .. Cuzi Mex Mining. . Darby Petrolenm. Deisel Wem Gilb Derby Ol1 & Refls Detroit Afrcraft. Distil Co Ltd (p18c). Distillers Corp Seagi Dow Chemieal (2) 4 Driver Harris Co.. Dubtilier C & Radio Duke Power (4). Duval Tex Sulphur. Eaele Picher Lead Eastern G&F pf(6)..... Eastern States Power... Fastern Utility Asso (1) Eastern Util Assocv.... Easy Wash Mach (B)... Eis'er Electric Corp. . Elec Bd & Share(b§%).. E: Bond & Share pf (§).. El Bond & Share pf (5).. Elec Pwr Assoc (40¢). Elec Pwr Ars0 A (40c) El P & L opt war.. Elec Shareholding Empire G & F 6% % pf. Empire Gas & Fuel 7%.. Empire Gas & Fuel $%.. Europe El Ltd (A) 40c.. Europ El Ltd deb rts. Evans Wall Lead. .. Fairchild Aviation Falcon Lead. . Ferro Enamel. Fidelio Brew, In 4 Film Inspect Mac! i First Nat 8t 1st pf (7).. Fisk Rubber. Fisk Rubber p| Flintkote Co (A) Ford Motor Can A.... Ford Motor Can Ford Motor Franee % Fo a4 Motor Ltd. .. 2% % Foremost Dairy Prod. Foundation For Sh: Fraaklin Mg Co Franklin Mfg pf.... o Gen El Ltd rets p26 3¢ Gen Investment Corp. General Rayon (A).. Gen Theat Equip cv pf. Gen Tire & Rubber. . Georgia Power pf (§). Glen Alden Coal. . Godschaux Sugar B. Gold Seal Electric. Goldfield Congol (5¢). ... Jorham Mfg v.t.c. (p1).. Gray Tel Pay Station. .. Great A&P Tea n-v(17). Great A & P T 1st pf(7). Greyhound Corpn. . Gulf Ol of Penna. Hall Lamp (20c) Hamitton Gas vte.... Haopiness Candy. Hartford E1 L (2.75) ol Hazelt| Hecla Mii con Helena Rubinstein. + P+ REF4H44 4L 4 ++++4 R+l ++H00 e 9 F & T e ] e 2sesks P14+t + 4 I+t +1140 +1 - FSEes 25 E e e e | wa rs B o o R R o I - s P& sresiecss ©_a & o - Foss"E FRewrnr®s + 1 I++1 1 @ - e e res" s S s 14+ soesBere Tses® " "hus 2ERder 25ss” A1) dhbbb bbb L+ FErr rr&s# % Huyler 8tra Del pf(4). 3% Hydro Elec Security. 39 Hyarade Food Prod 13 Hygrade Svivania (3)... 18% I P & Lt pf 6% Imp Ol Ltd 6% Imp Oil of Can reg (50¢ 3% Indiana Pipe Line (30c) - "ES=== “sexs® 2 FEEFERS - PR I PPT A PP Fad 2F Feves Insur Co of Nr Am (2) Intl Mining (plbc).. Intl Mining war...... Intl Petroleum (1.13). Intl Products Intl Safety Ras (B)... Interstate Equity cv pf.. Interstate Pow Del pf. Irving Air Chute (40c).. Iron Cap Copper.... Italian Superpowr A. Italian Super deb rts Jones & Laughlin Steel Jonas & Naumbu! Kerr Laki Kirby Petroleum (10c).. Kirkland,...........000 Kleinert (1 B) Rubber.. Knott Corporation, ..... Kolster-Br (Am shs). Kreuger (G) Brew . Lake Shore Mines(12%) Fdry & Mach. ... Lehigh Coal & Nav(40¢) Leonard Oil Libby McN Life Savers Car w McCord Radiator B Maryland Casualty... Mass Util Asso. . Mass Util Assocvpf 2% Massev-HarriaLtd. .... Mavis Bottling (A). Mavfinwer Asso (3). Mead Johnson (3) Memphis Natural Gas. Merritt Chap & Scott. Mesahi Iron. Met Edison p W Midland Steel Product: Minne-Honey pf (§) Mininx Corp of Can. Miss River Fuel bd rts. . Moh Hud P 2d pf (7 E Molybdenum Corp. . . Montgomery Ward (A). Mort Bank of Col Am sh. Mountain & Gulf... Mountain Prod (80c)... Mountain 5t Tel&Tel(8) 1 Nat Amer Co Aviation Rubber Mach. Service Co. Steel (war). Bradford Oil. w Eng Pow pf (6) w Jersey Zine (2) New Mex & Ariz Land Newmont Mining. N Y Auction...... N Y & Honduras (+1%). NYPwr&Ltpf(T).... N Y Shipbullding (40¢). . N Y Telpf (8%) . N Y Transit (30¢ (M4) pfA(6). Niles-Bement-Pond. Niplssing. Nitrate Corp Chile (B).. Nor European Oil Corp. . ¢ Northern Pipe L (50¢) % \Norih Sta Fwr (A) (4) %« Novadel Agne (5). Ohlo Brass (B) Ohlo Copper........ Oklahoma Nat Gas pf. Pacific East Corp... Pac Gas&E| 1st pf(113). Pacific Lighting nf (6).. Pacific Public Service Pacific Tin (apel). Parke Davis (1).. Parker Rust P (2%) Penroad Corp..... Penn P&L pf (7).... Penn Water & Pwr (3) Pepperell Mfg Co. Petrol Corp wa: Phil Morris Inc. Phoenix Secur Corp. Phoenix Securities pf. Pie Bakeries Inc Plerce Governor Ploneer Gold (60¢c) Pitney Bowes P. .. Pittsburgh & L E (2% Pittsbgh Plate G (§0c) Potrero Suga: Powdrell & Ale: Premier Gold (12¢! Prent Hallev (3), Producers Royalty Propper McCallum Providence Gas (1)... Prudential Inv... Pub 8 No il (3) no par.. Publie Util Hold war. Publie Util Hold xw Puget Sd P&L $6 pf..... PureOilpf......... . Quaker Oats (15)... R R Shares Corp. Railway & Util Inv Rainbow Lum Prod A. Rainbow Lum Prod B Reeves (D) (1%) Reiter-Foster. Reliance Intl (A). Republic Gas Corp. barn Co. Reynolds Invi 35 Richfield Ofl of Cal pf. Rean Antelope Mines. Root Refining cv pr pf. Royal Typewriter. Ryan Consolidated SafetyCar H& L (1). ¥ 8t Regis Paper pf. Salt Creek Consol...... Sait Creek Prod (80c). Schenlev Drugs. Schiff (The) Co ( 4 Scovill Mfx (1). % Seuboard Utilities Seeurity Corp Ge Seeman Bros (2%) Selby 8hoe (1.40) Selected Industris Selected Indalct (5%).. Santry Safety Control Shenandoah Corp. Shenandoah Corp p! Sherw!n-Williams (1) Singer Mfg Co (6). Smith (A O).... % South Am Gold&Piat... South Penn Cil (80¢)... Sou (}l:: Edison pf(2).. =4 15% . 133 1% 33,0 Fll++++1i+4444 114441 +++++1+1 34D+ 0400140440 (++++ + 141414+ - 4t AL+ T+i 1440410 14+l 4444441 o + P T4+ 144 41 4 N N A ) I+ 144444410 o +1 P | L N N | +1 EEE B8 £ FEE = T4+ ++1 P44+ FE EEEFELE & ++ " 8 T & #“J‘d‘ Fe®E F PFFF o - sos peres - * F§e 5 ) w - FELS P OFEEFS Stand Pwr & Light, Standard P&L (B) Stan Pow & Lt pf (1) Stand Silver & Lead. Starrett Corp. . Starrett Corp pf. Stein (A) &Co...... Stein Cosmetics Inc. Sterling Prod w.i Stetson (J B). Stutz Motor Car. Swiss Amer £l pf... ‘Taggart Corporation. ‘ ‘Tampa Elec (2.24) Tastyeast Inc (A). Technicolor Inc. Tech Hughes (60¢).. Texon Ol & L (60c). Thermold Co cm pf. Tobaceo Prod Exp (10c). 4 Tonopah Mining.. ‘Trans Air Trans. Trans Lux DL P S, Tri-Cont] Corp war. Triplex Safe G (k25c). Trung Pork Stores (1) Tubize Chatillon Corp. ‘Tubize Chatillon (A) ‘Tung-8ol Lamp. .. Union Am Invest Union Tobacco United Car Fas! Unit Chemical Unit Corp war. Unit Dry Dock United Drug. Unit Founders. . Unit Gas Corporation. Unit Gas Corp war United Gas pf. .. Unit Lt & Pwr (A) Unit Lt & Pwr pf.. Unit Molasses Ltd % Unit Profit Sharing. & ¥ U & U U u [4+41 414+ +++4+ ey e FELE F& FF F *¥ 8 - & Utility 1+ ++1 1 Utility 41+ Wayne +4+11 Ltd ( payment. 3 L4444+ +1 regulsr rate. m Pl last year—no regular 32 Unit Shoe Mch pf(1%) Wenden Copper. Wes'ern Air Express. Williams (RC).. Willow Cafeterias. Woolworth (F W) 0% L+t FEES M U S Elec Pwr (war). U S Finishing. .. 8 Foil (B) (20¢). 8§ & Internatl Sec § Inter Sec 1st pt. S Lines pf. U S Radiator U § Radio & Television U 8 Rubber Reclaim. Unit Stores v.t.c..... Unit Verde Exten (40c). Unit Wall Paper. .. Un.versal Pictures. . Utan Apex Utah Power & Light pf.. 4 Util Power & Light..... Utility Pow & Lt pf, Uti! Pwr & Lt (B) cf Utility Equities ks - £t L b L rewrfer® 1 ++ Fquities p Utility & Ind. . & Ind pt Venezuela Petroleum Vick Chemical. Waco Aircraft. WahlCo..... Walgreen Co (1). Walker (Hiram Walker (Hiram) Walker Mining Watson (J W) Pump. ., FHLIH L +4+ D 46 3-10¢). Wright Hargreaves 20c.. = Yukon Gold Co......,.. U % + Dividend rates in dollars bascd on last quarterly or semi-snnusi tPartly extra in stock 3Plus a Payable in e; n stock g Flus 6% in stoek. stock. K Paid this year—no 11 stock. »Pald in % in stock. D Plus 8% rate. +|BUSINESS RETAINS GAINS IN GANADA | Production and Trade Continue to | Forge Steadily Ahead, Sta- l tistics Indicate. & | Special Dispatch to The st OTTAWA, Cana July 29.—Pro- duction, trade and general business in Canada appears to be steadily moving upward, while industrial conditions were slightly better in June than a year ago, reports the Dominion depart- ment of trade and commerce. In June the industrial production in- FrRESITES tisties stood at 79.8, compared with 76.9 for June, 1932 nearly 19 points since the low ebb last { February. Increase in industrial employment in | the last three months has provided work for more then 79.000 persons, besides adding to the working hours of others previously employed. In the corre- i fponding period last year only 11,000 additional workers were re-cmployed in June, being the largest advance in manufacturing employment ever indi- cated for this period of the year since records began 12 years ago. Financial transfers in the form of bank debits totaled $2,952,000,000 in June, an increase of 22.5 pe: over May and 35.4 per cent over June, 1932. In June two active blast furnaces were put into operation for the first big iron production since February 14, and two additional electrolytic nickel refining units of the International Nickel Co. resumed operation in May. Production of steel ingots and castings in June Wwas the second largest for any month this year. (Copyright, 1933.) CORPORATION m{ms AND PROSPECTS OF LEADING ORGANIZATIONS. NEW YORK, July 20.—The followiLg | is today’s summary of corporation news prepared by Standard Statistics Co., | Pl"r]ec New York, for th: Associated Conde Nast Publications, Inc.—Deficit, 6 months ended June 30, $221,935 vs n2! income $153,921. i2n Avieidon, In 3 ended Juns 30, $147, ficit $166,623. rysier Colporation announced a further advance in hourly wage rates, effective August 1, bringing total ad- | vance 10 20 per cent over March level. ther advance in wages of shop em-| ployes effective August 1; | in addition to 5 per cent to 10 per cent | advance made July 17. Parker Rust f 30, $2.43 vs. $2.32. Lehigh Coal & Navigation Co.—Com- men share earnings, 12 months ended | June 30, 52 cents vs. 73 cents. t{mc ican Chicle Co. declared usual ex quarterly dividend of 50 cents cn com- mon stock Bucyrus-Erie Co.—Deflcit, 6 months ended June 30, $508,335 vs. deficit $465,628. { Fairbanks, Morse & Co.—Deficit, 6 months ended June 30, $1,026,250 vs. deficit $997,849. Pennsylvania Railroad has completed liquidation of outstanding R. F. C. loans | with a final pavment of $6,400,070. | Union Pacific Railroad — Common | rhare earnings, 6 months ended June ! 30. were $2.14 vs. $2.06. %l 4 "! s Frsresses * ™ 4% % 5 2% Y 2| - —a_wa e wF NEW YORK CLEARINGS | DROP SHARPLY IN WEEK | By the Associated Press. b Universal Pictures Co.—Deficit, 6 months ended ril 29, $£602.255 vs. ceficit_$340,3C7 in 6 mcnths to April 390, 1932. NEW YORK. July 29.—The weekly statement of the New York Clearing | House shows: dex of the Dominion bureau of sta- | Chicago Grain By the Associated Press. CHICAGO, July 29.—For the second | successive day, wheat and other grains | dropped the limit permitted by trading |rules of the Board of Trade tcday. | Wheat, rye and barley finished 5 cents | lower, corn dropped its allotted 4 cents | and oats 3 cents. Traders admitted frankly they were bewildered at the action of the market. | They could advance no reason for the | fall in prices. All ordinary crop news |and market factors apparently were | ignored. The weather reports and forecasts for most of the wheat and corn belts | were such as would cause sharp rises {in prices under ordinary conditions. Private crop reports indicated even | greater curtailment of production both n increase of In the United States and Canada and | estimaters point oyt ;dlctlms had been that previous pre- Tne out. Actually the market was demora'ized and only the recent ion in setting daily limits for fluctuation cf prices prevented even more drastic undermin- ing of value, traders said. Market observers said that near the close millions of bushels of grain were | offered but no buyers were in the ‘markeL Had it not been for the prices, they said, there was no telling how far prices might have | gnh\s also closed at the Jowest prices | for the day at Winnipeg, Liverpool and other market centers the United Y cents. September to 97!y, December |0 $1.00% and May to $1.047. These ' quotations represented a decline of 10 | cents for the past two days. | . Corn finished at 493, cents for July. 5833 for December and 64'; for May May oats dropped to 47'5. May ryve to | {85 2nd December barley to 621, One crop exvert predicted 29,000,090 ted i ment_offi- | cial figures of 467,000,000 on July 1 | The 1932 harvest was 726,000,000. A In Chicago July wheat fell to | PERSONAL ATTENTION SALES. EXCHANGES. RENTALS APPRAISALS F. ELIOT MIDDLETON Member Washington Real Estate Board INVESTMENT BLDG. MET. 2827 Money on Hand to Loan en First Deed of Trust 6% Interest Reasonable Commission and Prompt Replies o Applications JAMES F. SHEA 643 Indiana Ave. N.W. Salesmen Two experienced men to handle established bond clien- tele, also opportunity for sev- eral young men to learn in- vestment business with an old, established bond house having offices in cther cities. Address BOX 456-Y Star Office . STGCKS For Recovery Our recent analysis with the vidend of 25 cents and regular | Ne REPORTS | vild o135 he 008 "ushs " cPoouable | above heading has with last year's ecrop of 408.000,000. the United States 5 000,000 or 21,000.000 b year’s yie Provisions, flour and cotton also were te at attracted {much favorable comment. A | Another ‘unoffcial eorn report placed ‘ copy of this valuable list of ten els less than | OUtstanding stocks suitable for a month 2§0 and 511,000,000 under last | holding for substantial recovery lower in sympathy wich grains. Starting Monday. the Board cf Trade to regular trading hours, 30 am. to 1:15 p.m. (Cen will ret: timr). The limits of fu; T notive. R Ve, D106t 1o Hudson Motor Co. announced a fur- | M May share earnings, 6 mbnths ended June : flustuaticn 1.04 . Cash Grain Market. HICAGC. July 20 (P No. 1 dark red, 95 P43.a08 vellow. 52 ats. 0. 2 ‘white. 38838, Timothy seed. 4.0 Clover seed. Grocery Buying NEW YORK. July 29 (#).—Buying in | the grocery market continues spotty with both buyers and manufacturers | hesitant about committing themselves lvance contracts. % white. Rye. no sales. _0084.25 —Wheat_No. © red. 489R; No. forn; No. & ‘mixed. 52 o To: N 812038 6.00a1200 hundred- Spotty. .ral dayligh® £T2in ‘orics ~ill rema'n i effact watil rot afferd to miss the above 1 _hard. | No. will be sent without extra cast to each new subscriber who accepts our attractive $1.00 in- treductory offer at once. You merle: study and our August Znd is~ue. ia: Meil This “Ad” and $§1 For: " (a) Four next issues of The Fimancial World (The August 2nd issue features: “Investment Programs for $1,000, $5000 and $10,080,” “Investment Po ties of Air Conditioning,” * Low Priced Laggard.” g August issue of “Independent Ap- praisals of Listed Stocks” (This 48.page book shows capitalization, working capital ratio, earnings comparisons, our ratings, etc., on 130 stocks.) “10 Outstanding Stocks For Re- covery” and “A Three-Way Rc- covery Beneficiary.” “A New Basis Stocks,” “Time To twne?” and “Sound Rules. 9FINANCIAL WORLD 53-FM Park Place New York For Selecting Buy A For- Investmént THE FIDELITY - BUILDING & LOAN - ASSOCIATION Under the Supervision of the U. S. Treasury Dept. Total surplus and undivided profits, || $736.497,500 (unchanged). Total net demand deposits (average) $64,078,000 (decrease). Time deposits (average), $1,271.000 (decrease). Clearing week The Successful Men and ending today, $3.418252,631. i Clearings week ended July 22, $4,040,- | 07,257. when to buy... THE recent corrective phase offers you an excellent opportunity to buy selected common stocks at atiractive levels as they stabilize ll::l: jon Our counsel hes enabled our clients to take substantial cash profts with lim- ited capital in oll types of markets. when to sell . .. PROFITS, however, depend on timely advice on when to sell. Our clients have the amsurence of khomqfiddlmmmm ept our continuous sion ... thet we will advise when to teke profits . . make edvantageous switches..orremain liquid. Complete service by wire and mail ot low cost. -, i i MAIN OFFICE Fidelity Building 610 13th St. N.W. OFFICERS AND DIRECTORS JOHN L. ' TCHER MARCUS BORCHARDT Asst. Secy, RUTH S. HORNER Women of Today —as well as of all times, are those who. at ihe outset of their career, acquired the habit of sav- ing a part of their earnings. You can profit by the example - and achievement of others . .. . by laying aside a portion of your, salary each pay day . . . in this | strong, well-managed association ... where your savings will mount rapidly . . . as we add a liberal rate of interest, every siz months. C ded % Semtramudly @ You can open a Savings Ac- . count with ONE DOLLAR, or more. ..and there are no restric- tions as to the emount you may deposit or withdraw. ©® SAVINGS ACCOUNTS may be opened, and cdded to, BY MAIL, as " well as in person . . . ccll or write for details. GEORGE D. SULLIVAN LEO E. GEORGE G. P. BI RD CAPT. CHAS. 0. SHAW DR. R. W. 5. BONNETT