Evening Star Newspaper, March 7, 1935, Page 15

THE EVENING STAR, WASHINGTON, D. C, CURBISHESITANT N- Y. CURB MARKET AS VOLUME LAGS Main Groups Contribute Minor Gains—Few Spe- cialties Climb. By the Associated Press. NEW YORK, March 7.—The Curb market moved at a slow pace today and prices showed no uniform direc- tion. Virtually all of the main groups | contributed some minor gains, and in the specialty division a few ad- vances of a point or better were recorded. American Cyanamid B, American Gas & Electric, Distillers Corp.-Sea- grams, Greyhound, Hiram Walker, International Petroleum, Lake Shore Mines, Pioneer Gold, Sherwin-Wil- liams and Swift & Co. edged up fractionally in the early trading and were firm near the best levels in the fourth hour. Montreal Light, Heat & Power and New York & Honduras Rosario were transferred in small blocks a point or more below the previous transactions. BITUMINOUS OUTPUT GAINS DURING WEEK The National Coal Association, from incomplete car-loading reports from the railroads, estimates bitumi- nous coal production in the United States for the week ended March 2 as approximately 8,730,000 net tons. Production for the corresponding week: 1934, 8,273,000 tons; 1933, 6,415,000 tons. The report of the Bureau of Mines shows production of 8,515,000 tons for the week ended February 16 and 8,316,000 for the week ended Febru- ary 23. BONDS ON THE CURB VARKET. DOMESTIC BONDS. High. Low. Noon 7912 70% 7% 100% 100~ 100ta 52 95%a ASso El Tnd 55 '3 Asso G‘:E 4155 '4h €. Bel Tel C»ns s Bel Tel Can 35 C, Cit 8rv Pw, b'as Com Edis 55 A Gatineau Gatineau D D64 53057 AL b 0% Iows-Ew & L 4135 58, 1042 10414 104 Iowa Pb Sve 55 '57 Ya 2 89 Jers C P & L 4':! C '61 flF’u D‘I’- 99% Kans_Pow 5 m-uz anz nm Ken Util 1sl 55 K‘l G 4 LRBS aen” &L 55 042 10178 1015 lonr Islng Lt s "45.. 100 & L 55" By private wire direct to The Star. Stock and Sales— Dividend Rate. Add 00. mn. m Close. Acetol Prod (A).. 1 Aero Supply (B).. 1 zu. Arr Investors, Ine 1 Air Invest cv pf.. Ala Pwr pf (6) Ala Pwr pf (7) Allied Mills, Inc.. Alum'n Co of Am. 1508 Alum'n pf (13%4)..100s Am Beverage..... Am Citles Pwr &LtB (k10e) 1 Am Cynam(B)40e. 14 Am Founders..... 38 Am Gas&El(11.20) 9 Am Gas&El pt(6). 758 Am Lt&Trac1.20. 2 Am Lt&Trac pf 1% Am Superpower. . Appalachan Elec Pwrpf (T)..... Ark Nat Gas Ark Nat Gas (A).. Asso Gas&El (A). Atl Coast Fisher.. Atlas Corp.. Al 2 26 Auto Vot Mch 50 Bickford's (170c). Bliss Co (E W) Blue Ridge pf(a3) Bower Roll B (1).. Brazil Trac Lt&P. Brillo Mfg (60c) Brown Co pf. AN aRaT-a & = Burma Ltd (k97 7-10¢) Cables&Wire (B) Cables & Wireles: pf (k9 9-10¢). Can Indus Alco A. Can Marconi. - Carib Syndicate, . Cent States Elec. . Centrifugal P(40¢c Childs Copf...... Cities Service.... Citles Service pf. Claude Neon Lts. . Cleveland Tractor Colon Ofl.......s Columbia Gas & Elec cv pt (5) 1758 FINANGIERS DOUBT INFLATION TALK Program of Treasury Pre- cludes Further Devalua- tion, They Believe. ® S aH~a o - 3 1 3 1 BY RADER WINGET, Associated Press Financial Writer. NEW YORK, March 7.—Wall Street | financial quarters displayed strong , |Signs of doubt today that a deprecia- tion race between the English pound and the American dollar was in the 2 |offing Although a White House statement yesterday led to the belief that no further devaluation of the dollar was imminent, financial commentators marshaled othier evidence to support their case. I Dividend Rate, Com'with E4 4).. Comwith&So war, Adfl 00. Bigh. 3 56 12 1 54 3 Balto (3.60) 1 Cord Corp (k26¢c).. 6 Cosden Of1 (M.)..a 2 Creol Crocker Wheeler. Croft Brewing, Crown Cent Petm. Cusi-Mexicana M. Dictograph Prod. . % | Distiliers Crp-Sea Distilled Liquor: Dubelier Conden Duval Tex Sulph Eisler Slec Corp. . Elec Bond&Shar. Elec BA&S pt (6).. Elec Pwr & Lt opt war. . Emp Dist Elec pf. Emp G&E 6% pt Equity Corp. Ex-Cell-O A& Falstaff Brewery.. Ferro Enamel 60c. Fidelio Brewery.. Fire As Phila (2). Fisk Rubber. . Flintcote A p26c. Ford Mot Can (A) (k13%). Ford Motor Ltd. . Forem'st Dairy pt —— Gen Invest Corp. . Glen Alden C 1% Godchaux Sug(A) Goldfield Consol. . Gold Seal Electrio Great Atl & Pac Tean-v (17). Great Atl & Pao Tea 1st pf (7). Greyhound (Del). Gulf Oil of Py ©he AT~ 1% 17% & # & e 39 2 34% 33% 54% 53% { Hartman Tobacco Hecla Mining. Helena Rubenst'n. Hollinger G 175c.. Hudson Bay M&S. Humble O1l (1).,, Hygrade Food. . Imp Oil Ltd coup (180¢c) 6% lnsurance Co of North Am (2) 1 Intl Hydro Elec System cv pt 200s Intl Patrolm (12). Intl Products..... Intl Util (B) vo Interst Hos (2). Irving Afr C(40c). —_—— Kerr Lake Kingsbury Brew Kleinert Co. Krlu‘el’lG)Buw, —_— Lake Sh M (14)... Lehigh C&N(50c). Leonard Oil. Lerner Store: Louisiana L & Ex. Lynch Corp (mew) Mavis Bot (A)(r) Mayflower As (2) . 300: Mead Johnson(t4) Middle States Petrol'm vte(A) Molybdneum..... Montreal HL&P (1%). Moore Drop Forg A (k1.50). Mount Prod From the Ametican’ standpoint, it |} was felt that the huge Federal Treas- ury refinancing in the fmmediate -fu- ture would preclude a change in the gold content of the dollar for fear that the action might upset the Treas- ury program. Then, too, it was pointed out that President Roosevelt can cut the dol- lar only from its present 59.06 per % | cent of its former gold content to 50 per cent, a margin of devaluation which some quarters feel is more effec- tive as a threat than as an actuality. From the British standpoint that margin of devaluation remains as a Yankee trading point should English and American statesmen embark on a currency stabilization program. A fairly widespread opinion is that British interests favor allowing the pound to swing in the foreign exchange market until such time as it reaches what the English term a natural level. Estimates in this country place that natural level at between $4.20 and $4.70. At the same time, some sections of the Wall Street community feel cer- tain the British are too sophisticated 7’* |in a financial way to harbor the belief Y St EG 4} zS 0. Nor i 32 & g g :Ek, 512 8515 0" 1014 95% 95 9514 94% g4 2412 5 s 95 11 et A2 atod e, S nnnzyzzz "0 Uy ! - 1083 108% 101 $ 100% 10045 10 mm 392 m'w. m.xfl‘ 10.1 lh th’ l’as.D 9 s 7 !'.l blas 4! S E 6s A on 022 | DPEa York RW! b8 '37 & Den Mt BK'S 721"‘ 'nnus 24 s " X. . A *6: 0'2’ fanes g5 fi?n e f) E“:‘&'S‘—W:Lh WAITAI X'—w“hfllll 'll'- n—New. When issued. Negotiability imi Ired i o W LM celvership. —_—— Newberry J. J) Co~—February sales were up 102 per cent; ‘zaonths up 4.7 per cent. two‘ O that deliberate devaluation of the pound would bring them any more than three to six months of improve- ment in foreign trade. Some British economists have re- called that the purchasing power of the pound within Britain has changed little and that variations of the pound in terms of other currencies have had slight effect on the domestic market. On the other hand, American finan- cial authorities are said by some to take the same attitude toward the position of the United States on the devaluation question. = INVESTMENT TRUSTS NEW YORK. March 7 (.—New York Security Dealers’ Association: (Noon quotations.) Asked. Admin Fund ww =% Am Bankstocks Shrs A . Fund Tr Shrs B * Incorp Investors Inv N Y Coll “A” Investors Fund al Am Ine Mass Invest Tr Tr 8h 191 Nm‘ Am Tr 8h 1368 Plymouth Pund . ot B T s nt Aot uehbzsflwvaw RRBORIOI DO R o ey 8RS = FOREIGN MARKETS. By the Associated Press. INDON. —l!relllhrfly &H::Il;g l::‘él.la outl uu hold an early im; ruumonltu nnd lur-ln bo ds were firm. Gold mining shares Iur- Bed “while other sections. sassed. sl u& Srariet Closed irregutar ho reovmn: B igh small The eluln as steads ®ains were '5.' Wi dend, hnrleu on ed 'n: dnxlu m-r 0 | Southn Calit 1% N Y Shipbldg 40c. Niag Hudson Pwr Niagara Hudson Power A war., Niag Shrs(Md) B. Noma Elec Corp. . Northn Europ Oil. Novadel Ag (2). — Ohio Ofl cu pt (6). Pac Gas & Elec 1stof (1%) Pacific Pub Sve pf. Pan-Am Afr(k50c) Pantapec Oil. . Parke Davis 11.7 1 Parker Rust P(3) 300s Pennroad Corp Pepperell Mfg Ploneer Gold Mines Ltd(80¢). Pitney Bo P (20¢) Pittsb'gh Forg. n Propper McCall'm Prudential Inve Puget Sound P& LS$5pf. 40s 14% R oster. Reliable Stort Rice Stix DG (2). Richfield Ofl Cal PE(r)..... 5 Ruberoid Co (1)..125s R Consol 5 St Regis Paper pf. 20- 26 Selected Indus. .. Shattuck Den .4in 1 Shawinigan Wat & Pw(50c). 1 Shenandoah pf. . 1 Sherwin Will (3). 2758 Singer Mfg (6). i 2% 16 14% 88 87 00s 42% 42 1 1% 1% 7 4 3% 18% 5 & Plat (k30¢) EdisptB(1%). 1 Southl'd Roy t25¢ 1 Stand Inv cum pt. 50s Stand OKy(t1%) 15 20 Stand Silver & Ld. Stein Colmcl r) Swift Intl (2). Oil (40¢ Technicolol 0 ‘Teck Hughes(40c) 1| Trans-Lux Daylite Picture Sn (20¢) Tubize Chatillion. Union Tobaceo. . . Unit Air war Unit Corp'n wa Unit Dry Dock(r). Unit B Unit Gas orp Unit Gas Corp war Unit Gas Corp pf. Unit Lt&Pwr pf. . Unit Shoe M(t4% 1268 USElec Pwrww. 1 U S & Internat’ Secur 1st pf ww 100s Low. Closs. 56 57% EGG PRICES WEAK OND.C. MARKET *|Some Grades Barely Steady. Live Poultry Holds at Un- changed Levels. Egg quotations were barely steady a |to weak on the Washington produce market today. Current receipts were moved at 19 to 20 cents. Live poul- try was steady at unchanged levels. ‘The summary, with egg, live poultry, fruit and vegetable prices furnished by the Department of Agriculture, fol- * | lows: 208 127 1271 127% 108126 126 126 33% S4% 1 6% BUTTER—One-pound prints (03 score), g: tub. one-pound prints (00 score). : one-pound prints (88 score). 34 MERTS Beet. 12 veal, 16a1 esh pork loi smoked hams, strip compound, lard. 15%a1¢ i Live BTOCK—Hon light. &. medium. enyy. o Toughs, 4.5 duowno. EGGH lamb, steady to_weak. hennery whites, nd d rge. OULT'RY—M"I” unchanged prices, | - Fruits and Vegetables. ales in la wiish Ll a.“" by original receivers APP] e Washington arrived, one car dlverted br o e one oken and two unbroken b 17% | 2 12% 4% 2% 16% 16% 53% 4% 29% 2% 16 148, 88 108 241 241 241 42% 1 & | other de; 9% wm: IRE? Iast ‘w X Grimes ‘hfl Jon 1.40a1.65; .‘hlm bipation ext 150:C CABBAG] broken and one New stock: moderate: bushel 7 e Plorldl lrrlved. unbrok Supplies rnodenu market steady. g hampers._domestic * rou and truck receipts. 2.25a 1s domestic found cels 583.00; freight re- LERY—No carlot arrivals: one b and three unbroken cars on irsek. Sue plies moderate, demand moderate. mi rn: steady. Florida. 10-inch cra 4-4 dozen. freight receipts. LETTUCE—One Arizona. one Califor- Dia arrived: nine broken and five unbroken cars on_tri vestern stock: moderate. ‘zemlnfl (elderate; market steady. Western crates. dozen., California e e n Arizol b Bupnlm mm Pampers x’;‘f.‘ Boston type. wide ramge i condition. “1:00a1 55, ‘Tew" b K leher. West: ern_ crates. Iceberg ty hd Teceipts. very few sales .50, " ruck Onion Prices Mcldn demand ' moderate; Michigan. New Y 50-pound sacks. Yellows: U0, S—One Florida arrived: two broken broken clu on plles moderate; demand m Florids, mflhr POTATOES—One one !dlho lrrlv.fl .",",{,‘fl: °ga° l‘ulne broken cars on ti Old hherll demand llo 0-pound sac 8'No 1, mostly lrnund 90: !ruck rec!l s White; S : 15; lfllha Russét Burbanks. U. 8. 2.00. " New stock: Supplies mode: ate: demlnd ligh mnruz stesdy. " Flo m- bu: l l Biiss Triumphs. U. 1 NOSPINACE 0% Texas arrived: broken and one unbroken cars on. track, Supplies light; demand moderate: market Bushel . bas) South Carolina 175 5 T"" Bk -No carlot 3 one bratap Sk e fratk su"pnu:s"}"r: demand moderate: market siends: ids, tuck receipts 15a10; Boor” tion X: freight receipts. l SWEET POTATOES—No carior lmvnh no cars on track. Supplies moderate @ slow; market steady. North én bushel baskets Puerto Ricans. 1 poorer lower Anne ‘Atunddl Sounty, ‘busnel "h'-'n{:’;:e"r'i Jerses ty 1 oS No v cariek arrival on’ track: O Bupmie market steady. '?:31 iy m and 1t and. larger, 4.00: Mnunmn 100-por cri 165, few higher: poorer lower. MIXED VEGETABLES -No clrlot arriv- ck. als; one AL ' iie WIEOsen car on ¢ i oouldl. Cuhl. hulhel ham- Green Beans Steady. GREEN BEANS—One Florida arrived; three broken and one unbroken cars on track Truck and express receipts mod- erate: supplies liberal; demand modenu. market lLeldy Florida, buhel §roen flat type, 1.50a1.75; fair condition, 1.2 MOPLANT—SHDXHOI light: demand i rket Cuba, ' 1%-bushel demand pplies light: bushel IBERS—Sul :Trnt";u;dy Florida. SQUASH— Approximately 200 p by express arrived. Supplies iiberal; d sl market dull. Florida, bu: wh te, ped. '1”30 yellow subRiies ket steady. Pl Cral Call- 00; Florida, truck receipts, K. 2 : i At ‘he mmm LARDS—Practically no supplies on [UBARB—Supplies _light; _demand modenu market about steady. Michigan, 5-pound cartons, 60. 'S—No_carlot arrivals: one car diverted: three brfiken and_one unbroken tuce d T 'i"?zxsu‘."mh crates, via Baltl- more. 2.15a! Souih Carslina: mobe ramgere. 35 LANDCRDES—VHIB‘H!. bushel baskets, sprouts—California, ~ drums, 'YDEWS—Chile, crates. 1.5082.00; Dos—cnmnml-. boxes, 1.75a 0 NGES—Two California, three Flor- l!ll lrrh;efl tvo broken ,gfl UIT- 0. aces raln special marks hither e C l. lnn- Artivals. ts bers. 45" busel baskers um."&"ée bcn‘:%mxnw- keu rumnlne la by & ! S 's's nmnel n.knm'u(:) orisis, 16 ental'mmfl:g 1o pouna craten e‘inv- gfi'-"fm ‘bushel hlmPll’l (r en achusetts, 15 )llcml bea: #h baskets radis 35 -pound cartons rh LONDON BANK REPORT. LONDON. ¥ —The weekly -me;nmt' of ge ;’mk ;‘F mln':d sho e fol changes 807 0d5 "citcutation Im‘.relled 2 62R 000 lion 31.000; other “securities increased 399, 000 public deposits. decreased 5162 ono, its incre; 8,685, 65.000; notes Teserve decreased 2.6 ‘government securities mcrnud ?7&6 X portion of the bank's reserve is,46.77 per cent. compared per cent. of flueounl —_— PARIS BANK mom e S Y abroad ted at ills bousht 000, clicuiation e nono current accounts 1.£30.000,000. te of discount, 3% per cothe - . THURSDAY, MARCH 7, 1935. UNITED FOOD STORES INC Privately Owned and CHEF—BOY—AR—DEE MEATLESS SPAGHETTI DINNER FOR THREE vke- 33¢ KAFFEE HAG A REAL COFFEE—AND LETS YOU SLEEP Ib. 48¢ BAKER’S BREAKFAST COCOA “ab.an ]]e SPREADIT «as thick as they want to .. It's good for them! LIBBY'S LADY MARION FRENCH' § MUSTARD LOG-CABIN SYRUP Bel Monte Early Garden Asparagus BOSCO That rich chocolate flavor. UNEEDA BAKERS Priscilla BUTTER COOKIES r:;. Sauerkraut Operated by Washington’s Leading 2" 19 A fl&nou. pack by a famous packer. Post Bran Flakes . 2 »21c| SNOWDRIFT SUNSHINE Butter Cookies rke 2 i 28¢ A fancy cream salad. . A blend of cane and maple syrup. No. 2 cans Tender points for a delicious The 3-FOOD DRINK 20 oz. Food Merchants PABST-ETT CHEESE FOOD ke 1 8¢ 2 Ib. pkgs. 39C TOWEL FREE BAKE IT WITH DAVIS BAKING POWDER Ige. can 19c BEE BRAND SPICES CINNAMON, GINGER, NUTMEG & PAPRIKA 2 cans 15c Vanilla, 2 = 21¢ LONG-HORN creese ™ 25¢ 19 . jar FANCY HAWAIIAN SLICED PINEAPPLE COLLEGE INN SPECIALS RICE DINNER 2 cans 23¢ 2 Cream of Fresl TOMATO SOUP. . CELERY SOUP. . | CANS Cream of Frul: z3c TOMA:I'O JUICE COCKTALL 21¢ 26 oz. CLAM CHOWDER an 15¢ * . UNICO THE ALL-PURPOSE FLOUR J?'.49¢ GOLD MEDAL FLOUR :61¢ : 28¢ COFFEE WILKINS Roasted in Washington and Delivered Daily B Ib. 290 CHASE = SANBORN DATED |b, 35c ORIENTA .....» 35¢ DEL MONTE . . .» 33¢ YELLOW BAG .™ 25¢ UNICO BRAND . 19¢ Ey 1L FANCY-MILK-FED STEWING CHICKENS.: 27 SUNDINE GRAPEFRUIT JUICE. . . .. .2 cans 19c SUNDINE ORANGE JUICE. . . . .. .....2 aams 2le SOUTHERN STYLE COCOANUT. . .. .2 cans 25¢ THOMPSON’S DAIRY PRODUCTS AT ALL U. F. S. 100% WASHINGTON DAIRY BUTTER IOWA STATE . . »{4lc THE BEST 93 SCORE BUTTER IN WASHINGTON UNICO ROLL . . » 39¢ UNITED BRAND 39¢ FANCY BRUSHED Quality MEATS and PROVISIONS Again We Offer Cudahy’s PURITAN Smoked HAMS b 23¢ 8-10 Ib. Aver. ROUND STEAK..............™37c SHOULDER LAMB ROAST..... »19c fi fi: SMOKED SAUSAGE.. . .n. 29¢ SAUSAGEMEAT.......» 29 Dty Sea stanparns * 49€ o sters smxcrs - §OC FRESH FISH AT ALL UNITED FOOD STORES LIFE BUOY SOAP .3 caxes 19¢ LUX TOILET SOAP. .2 cakes 13¢ RINSO. 1ee. pke. 22¢; 2 sm. pkan. 19¢ LUX FLAKES 1. es. 23¢; . sm 10¢ MAINE POTATOE . FANCY FRUITS —VEGETABLES | FOOD STORES Nestle’s Milk Chocolate (Plain) . . .2 3 1. bars 25¢ Nestle’s Milk Chocolate (Almond) 2 1 b. bars 29¢ United Pancake Flour..............3 e 25¢ Brewer-Snyder Cooked Hominy. .. ..... o 10c LAUNDRY SPECIALS OCTAGON SOAP. ... 4 19 OCTAGON CLEANSER...........Z2 7m0 E_REDEEM COUPONS FELS-NAPTHA SOAP . . ... ... 4wms19 LA FRANCE. ............... .3 mm 25¢ SATlNAan!)c Be giant 15 Pound Bag TENDER GREEN FLORIDA BROCCOLI PEAS l Sc 2. 19¢ IDAHO BAKING POTATOES. .5 ™ 14¢ mxas SPINACH ..............2 ™ 23c CARROTS ..... 2 vmere 15¢ stamvotess BEANS .............2™19c SWEET, JUICY FLORIDA ORANGES.. . 2 ao=. 35¢ COOKING APPLES........... s .4m.17c GRAPEFRUIT . .............3wr 14¢c s. o. sl MAGIC SCOURING PADS 2 »= 23¢ Cannon Towel FREE SWEET CALIFORNIA GREEN Large Bunch SWEET GOLDEN THIN SKIN INC. l;rge 21/, size cans 39c )