Evening Star Newspaper, March 22, 1935, Page 15

THE EVENING STAR, WASHINGTON, D. C. FRIDAY, MARCH 22, 1935. *%%» A—15 CURB LIST HOLDS TONARROW RANGE Tone Is Generally Mixed and Volume Remains at Low Ebb. By the Associated Press NEW YORK, March 22.—The Curb market remained in a narrow trading range today, with the tone generally mixed. Small advances were maintained in American Gas, Pan-American Airways, Pioneer Gold and Swift & Co. De- clines were shown by Aluminum Co., Creole Petroleum, Parker Rust Proof and Wright Hargreaves. Trading was dull. BONDS ON THE CURB MARKET. DOMESTIC BONDS. Alabam Pw 4':s Aluminum Co Amer G&E 5s Am G & Po ARer's e T o Am Roll Mill Appalch Pow Arkans P & L 05 Asso El Ind 4128 G & ) Baldn Lo tis Canadian_Pc Gs an No P os A 1040 H61y S | NEW Stock and 8al Dividend Rate. Add 00. Aero Supply (B).. 7 Ala Pwrpt (6)... 10s Ala Pwr pf (T)... 1208 Allfed Mills, Inc.. 9 Coof Am. 4508 3% 43% 49% 14% 367 it & Lt (A) (a3)2008 Am Citles Pwr &Lt B (k10e) 2 Am Cynam(B)40e 18 Am & For Pw war 1 Am Gas & E11.40. 80 Am Gas&E pf(6) 1758 Am Laundry (40¢c) 200s Am Lt&Trac1.20, 12 Am Maracaibo.... 1 Am Superpower.. 44 Am Sup’pwr p: Am Sup'pwr 1st pt Art Metal (k25¢).. Asso Gas&E) (A). Atl Coast Fisher.. AtlasCorp... ... Atlas Corp(A)(3) Atlas Plywood. .. Auto Vot Mch 60c. 30% 1% 16 5 2 4 2 3 24 1 1 : | Babcock & Wil 40c 25s Blue Ridge Corp.. 1 Bower Roll B (1), 1 Brit-Am Ofl coupon (80c). Bulova conv pf... Bunker Hill&Sul. Butler Bros. 30 1% 16% 5 3 258 32% 5 ™ Can Indus Alco A. Can Marcont Carib Svndicate. Catalin Corp. Carrier Corp Celanes Cent States Elec. . Cent States Elec 6% pt xw | Cifaris Corp (1151 Chicago Mail Order e Chi RIVEM (1%). Citfes Service. ... Cities Service of.. City Auto St k10c. Claude Neon Lts. . Cleveland Tractor Colt's Pat F A 1% Columbia Gas & Elec cv pf (5) 3758 Com'withEd ¢). 6 Comwlth&So war. Como Mines. ... Compo Shoe (500) Cons Afreraft. Cons Copper. Cons Gas ot alto (3.60) Cons Retail Stores | Cooper Bessemer 3| Cord Cerp Glen Alden Goeb B fi'2s A w Grand Tr W 48 | nterst P8 4'as Towa-N LP 58 Towa Pb Syc 55 Jacksonvl Gs 104 10 103 10415 10425 16 093, 99% 5104% 10413 1 k 9470 . | | | 1 Crane & Co. Creole Petrol'm Croft Brewing. .. Crown Cork Int] (A) (m75e) Cusi-Mexicana M Dictograph Prod. . Distillers Co Ltd (p273-10¢) Distillers Crp-Sea Distilled Liquors Doehler Die Cast. Dow Chemical (3) Duval Tex Sulph. Eagle Pitcher Ld. 20 | East'n States Power (B)... Elec Bond&Share. Elec BA&S f (5). Elec BA&S pf (8). Elec Pwr As (40¢) kquity Corp. Fairchild Aviat'n. | Fanny Farmer Candy (131%¢) Fansteel Products Fidelio Brewery .. Fisk Rubber Flintcote A p25c. Fla Pwr &Lt pf... Ford Mot Can (A) (K1%). Ford Motor Can Froedtert 5r & M conv of (1.20) Garlock Pack’g(1) Gen Alloys....... Gen Tire & Rubbe Glen Alden C t1% Gray Tel Pay S(1) Great Atl & Pac Tean-v (17). Greyhound (Del). Gulf 01l of Ps 208123 42 36l Handley Page prpf.ieas Hartman ‘L'obacco By private wire direct to The Star. es— dd 00. High. Low. Close. 3% 334 36% 3015 1% 15% 16 1% 1% 19% @21% 90 90% 12% 12% % 9% % 1 8%, 4818 4% 30% 1% 121%123 | 351 36% 52% 52% | 34 % Stock and Bales— Dividend Rate Add 00 Pure Oil pf 60s Reeves(Dan) 50c. Reliable Stores. Reybarn Co. . Richmond Rad. —— St Regis Faper. .. Salt Creek P (80c) Seeman Bros (14) Selected Indus . Shattuck Den .4in Shenandoah. .. Sherwin Will ( Smith (A O). .. South Am Gold & Plat (40¢) South Penn O 1.20 Southn Calif Edispf A (1%). Southn Calif Edpf C(1%) Southl'd Roy t25¢ 5 Stand O Ky(t1%) 6 and P & L pf... 1008 Stand Stlver & Ld 4 Stein (A) & Co cum pt (6%). 105107 107 Stuta Motor. 5.5 Lg% va g Sullivan Machine.150s 11% 11% 11 Sunshine (30c)... 15 13% 13 Swift & Co (175¢) 16% 6 167 SwiftIntl (2).... 9 33% 323 367 36 36 . 4758 86Tk ++ 16008 56% 19 107 16 33 Tampa Elec (2.24) 1 23% 23 High Low Close 9y 13 YORK CURB MARKET Stock and Sales— Dividend Rate Add 00 Teastyeast. Inc(A) 7 Technicolor, Inc.. 18 Teck Hughes(40¢) 2 Texas Gulf Products(b10%) Texon O&Ld 60c) ‘Tri-Contl Cp war. — Unit Air war. High Low Close % % 1% 17 o % 2] 16% 4% 3% a0 b % an, Y % W . Unit Gas Corp pf.. Unit Lt&Pwr (A). 7 Unit Lt&Pwr (B). 24 114 % | Unit Lt&Pwr pt.. 10008 4% 4% Unit Shoe M(t4% 2568 73% U S Fol (B)(60c). 1 US & Intl Secur.. 1 Unit Verde Ex 40c 2 Universal Insur.. 100s Utah Pwr & Lt o pf (m1.18 2-3¢) 12 L uulities PwraLt. | Otilities P&L pf Utility Equities. . 421 S 1 | waco Atrcrart.... o | Walker (Hiram). * | Walker (H) pf(1) | Western Auto Bl Supply A (3) “ | Westvaco pf (7).. | Willlams(RC) (1) wright Har(160e) 315 271, 177 60 101% 101% 101% 13 1315 1% 9 9% 9w 25 “ 16 WHITNEY SILENT ONEXCHANGE RIFT {Nominating Body Faces Del- icate Situation in Nam- ing Candidate. By the Associated Press. NEW YORK, March 22.—With Wall Street split into two clearly defined camps over who shall be the next president of the New York Stock Ex- change, Richard Whitney, the ex- | change’s present head, kept rigidly silent at his weekly press conference yesterday when asked whether he would run on an independent ticket if denied the regular nomination. The two factions are divided as follows: Those who wish a new front for the exchange, bringing what they feel should be an improvement in the in- stitution’s public esteem. This group FHE g would have as nominee for the office Charles R. Gay, senior partner of the 107-year-old firm of Whitehouse & Co. Those who favor no change in the chief executive would have Whitney succeed himself. They feel that Whit- ney has seen the exchange through its most trying period and he should not quit while under fire. In the past nomination by the regu- lar Nominating Committee has as- sured the man named of election. The five men of the Nominating Committee are up against a delicate job of deciding which of the two lead- ing candidates is to the best interest of the exchange. It likely will be a nervous and ex- citable crowd which will gather nround the nominating bulletin which & gray-uniformed page will post on the floor of the exchange April 8. FOUNDRIES BUSINESS WELL ABOVE LAST YEAR By the Associated Press. NEW YORK, March 22.—George E. Scott, president of American Steel Foundries Co., told stockholders at the annual meeting that the company’s business was better in nuary and February than in 1934. On the other hand, he pointed out that the near- term outlook for new freight car buy- ing is not so good as a year ago. |RESERVE MEMBER BALANCES REDUCED Treasury Withdraws Excess Funds to Redeposit Them With Regional Institution. By the Associatec Press. A transfer of Government funds reduced member bank reserve bal- ended March 20 to a total of $4.361,- 000,000, the weekly condition state- ment of reserve banks disclosed. said, meant simply that the Treasury had withdrawn its excess funds from member banks, and had redeposited them with the reserve institution. As a résult of this transaction, Treasury cash and deposits with the regional institution gained $211,000,000 during the period. The condition statement said: “The daily average volume of Federal Re- serve Bank credit outstanding during the week ending March 20 was $2,- 461,000,000, a decrease of $2,000,000 compared with the preceding week and of $60,000,000 compared with the cor- responding week in 1934. ances $227,000,000 during the week | The depletion, reserve board officials | % “On March 20 total reserve bank | credit amounted to $2,455,000,000, a decrease of $5,000,000 for the week. | This decrease corresponds with in- creases of $211,000,000 in Treasury cash and deposits with Federal Re- serve banks and $12,000,000 in non- | member deposit and other Federal Re- serve accounts, and a decrease of $4,- 000,000 in Treasury and national bank currency offset in part by a decrease of $227,000,000 in member bank re- | serve balances and an increase of $3.- 000,000 in monetary gold stock.” U. S. TREASURY NOTES. (Reported by Chas. D. Barney & Co.) e—aaturity JA“M 18, 1 tax 2las i%s - MONTREAL SILVER, | , MONTREAL. M > (. — Silver futures_opened March, 59.15b; May. | 50.60 60.00b; September. -Bi SENSATIONALLY PRICED This 15-piece Mod- erne Bedroom Outfit consists of a four- piece moderne suite, mattress, spring, van- ity bench, 2 pillows, 2 pillowcases, 2 sheets and 2 moderne lamps with shades to match for vanity. Hecla Mining. ... Hollinger G 176e. Horn&Hardt pf(7) Hudson Bay M&S Humble Ol (1)... 6l 104 s E 61 5 izs B '60 10612 1061 48 xXW RRlz RRly 71 _F.. S67s 867 111 Pwr&Lt §6 pt. 1008 Imp O11 Ltd coup (t80e)... 14 Imp Tob Can 5 1 E4 v bs A (t5234¢). Indiana P L (30¢) inu Hydro Elec System cv pt 250s Int] Mining war.. 2 intl Petrolm (1. 7 Intl Util (B). 4 Interstate Pwr Del pf..... 408 5% 514 29% Q5 $5 DOWN—EASY TERMS 9533 9313 043¢ | 1 16912 | Kingsbury Brew. s C 1 04y Kirkland Lake Gl 50D 601z 60 s vz S 401z | Kreuger(G)Brew. 108 . 108 987 37 10434 104% 1 9512 95%2 Lake Sh M (14) Lakey Fy & Mch Lehigh C&N(50¢). Libby McNelll&L. Lone Star G(p16e) Long Island Light pEB(S)... Louisiana L & Ex Lynch Corp. . McWill'ms Dr (2) 100s Margay Oil.....e0 4 3 Seattle Lt Servel Inc 5s Sh W & S Ny Sou Calif Ed s 8o Carolina 8ou Ind Ry 4s South 2% 29% 6% [ Sup of Il 4’!‘,< Mavis Bot (A)(F). Sup of Tl 4135 * 55 44 “Reliable” Electric Refrigerator 589 See this fine all-electric refrigerator before you buy. It has all the latest im- provements and conveniences and is beautifully and thoroughly finished throughout. NO MONEY DOWN Pay Only 15¢ a Day & 4% 32 10% 12 2 11 4% 4% 208107 107 Nachman Spring.. 1 6 6 Nat Bella Hess... 9 1% 1% Nat Dairy pf A(7) 258 105% 106% 1 Nat Fuel Gas (1). 1 18% 13k Nat Pw&Lt ot 2008 50 49% Nat Rubber Mach. 4 8% 8% Nat Union Radio. 1 % Natomas Cot60p). 3 9% Nev-Cal El pf (4). 258 39% NJZine (2)......1008 52 N Y& Hon R11%.100s 35 Niag Hudson Pwr 23 3% Niagara Hudson Power A war, 1 % Niag Hud Pwr 1 2 1 2% (B) war.. Niag Shrs(Md) B3 1% 5 2w 093, f (4). 0% 1st pf (4) Molybdneum. .... Moore Drop Forg A (k1.50)....00 Mount Prod (60¢c). Mount State Tel & Teleg (8) 58 3 4 10% ’(U]nSLR‘bntyWfl. b b Btas Vo E & P 107 6 114 051 13% | 50 518 A 10134 1013 Wis P Ser A 65 '52. 1013 101% FOREIGN BONDS. Denish_Cons 5s '5 Ruhr GC 625 A Santiag Chile 7s Terni So 6las a1%: 91y 381 A 53, ww—With warrants xw—Without Wwarrants. n—New. wi—When_issued st_(stp)—Stamped. $Negotiability impaired by maturity. tCompanies reported in receivership. e FEDERAL LAND BANKS NEW YORK. March 22 (#.—Federal Land Bank bonds: (Quotations as of 2 o'clock.) New Round-Corner Studio in a Complete Outfit The last word in style and comfort. Consists of a new- type round-corner studio couch, occasional chair, coffee table, two studio ends, two pottery lamps with shades to match and smoker lamp with shade to match. : Easy Credit—The Hub Noma Elec Corp Northn Cent Tex.: Northn N Y Utll Northern States Power (A). 1 9% Ohio Ofl eu pf (6). 130s 94 Pacific bastern... Pac Gas & Klec 1stpf (1%) Pacific Pub Sve pf Pan-Am Airl)... Plnungoll...‘. 2 Parker Rust P(3) 150¢ 6 T Occasional Chair 56.50 Walnut-finish frame with attrac- tively covered seat and back. 50c a Week Carriage $5.95 A well-made car- riage that will give excellent service. 1% 1% Pennroad Corp. .. 1% Pepperell Mtg (6) 1508 62 Phila Co (80¢) 2 % Phoenix Secur pf. 1 35 Pioneer GGold Mines Ltd(30¢) 5 10 Pitney BoP (306) 1 5k Pitts Plate Gl (2) 5508 50% Premier Gold 126. 6§ 1% Prod Royalty3%e 2 & | Prudential Invest S Public Service Nor I11 $60 par. 508 25 Ifi?unt Sound PaLbpt. 30s 144 Easy Credit Terms NEW YORK. March (#P).—Foreign exchange irregular: Great Britain in dol- ot}nr n cel Great Britain, de- 7 es. 4.77Y Italy. Demands— Belgil 40.15; Holland. Sweden, 24 6 2 Switze Fortugal, Ye; e 18.90: Czechoslovakia 3 57 R.85n Kl . itina, _ 31.80n; 8.60n:; Tokio. .00; ' Shanghai. Hongkone. 47.80: Mexico City_(sil- 85! Montreal in New York. ‘ork in Montreal, 100.93%. um, 676 50c a Week 7th. AND D STREETS N. W,