Evening Star Newspaper, March 27, 1935, Page 13

CURB IRREGULAR INNARROW RANGE Utilities Show Better Tone. Other Gains and Losses Evenly Divided. By the Assoclated Press. NEW YORK, March 27.—A show of stiffness in the utilities featured trading on the Curb today. Industrial equities coasted along with fractional gains and losses about evenly divided. Fractional gains were scored by American Gas & Electric, American Superpower and Niagara Hudson. At 16'; American Cyanamid@ “B” was up s Jones & Laughlin Steel eased 1% to 18. National Sugar Refining was soft at a loss of 1'. Sherwin-Wil- liams slid off 14 to 84%. Duval Texas was up '; at 11%. Hiram Walker at 27% was !, higher. BONDS ON THE CURB MARKET. DOMESTIC BONDS. Alabam Pw 4'28 '6 Alabama Pow /s Amer G & E 5 L i Am Ron i’ Am Seating 6s Appsich_Pow 5s Cities Service bs Cit 8rv Gas 5 31 31 Toda s 112" 112 & 10KY, 108%% Tohis TR * 56 56 10015 10015 By private wire direct to The Star. Stock and Sale Dividend Rate. udoo High. Low Close Adams Millis 1stpf (.. 25! 106% 105% 10“‘ Allled Milis. ine. . Alum'npf (13%).. 69% ”'a Am City Power & Lt (A) (23)300s Am Cynam(B)40e 11 Am Founders 1st pf (B).. 50s 1 AmGas& E1140, 46 Am Qas&El pt(8) 300s Am Light & Tracpf (1%) 1 Am Maracaibo... 1 268 3 4 00. 32% 164 15 21% 92 19% - M 1 48% 8 18 3% k) b ™ 2 3% 57% 33 18% Am Meter Co..... | Am Supervower. . Am Sup'pwr 1st pi Appalachan Eleo Pwrpf (D..... Armstr Cork(50¢) (x25¢). E) (A), Atl Coast Fishe Atias Corp. 908 1 3 5 2 16 Atlas Plywood. .. Ax-Fisher(A)3.20 20s e Buckeye PL (3). 1008 Buf N&EPpf1.60 1 Buffalo Niag & Eastpt 1st pf(§) 1 Bunker Hill&Sul. 400s Burma Lta (k97 Butler Bros. Can Indus Alco A. Can Marconi. ... Carib Syndicate. . Carnation Co (1). Carrier Corp. Catalin Corp. .. Cent States E) 6% pfxw Cent States Elec conv pf. 1008 Chlln Co pf. Cities Service P& Lt $7pt 508 City Auto Stki0e. 1 Celluloia Cp 1st pf 108 7 Clev Elec Illu(2). 2 2 and‘rrumr l Colt’s Pat % 200- Columbia Gas & Klec ev pf (5) 268 ColumbO &G Vte 15 Com'with Ed ¢). 2 Comwlith&So war. Como Mine: Compo Shoe (60¢) Cons Copper. Cons Gas ot Balto (3.60) THE EVENING STAR, WASHINGTON, D. ¢, WEDNESDAY, MARCH 27, 1935. Stoek and QGrest Atl & 80 Greynound (Del). Guif Oll of Pa Happiness Candy ., Hecla Mining Hollinger G t76e. Horn (A C) 18t pf. Horn&Hardt pf(7) Hudson Bay M&S Humble 01l (1)... 2 1 3 508 Imp O1! Ltd cowp 3 1 258 1 indianapolis P&L cum pf (64). Insurance Co of North Am (3) Intl Hydro Elee System cv pf intl Mining(k15¢) intl Mining war Intl Pettol reg t2. int Products. ... Intl Utll (B) Interstate Pwr Del pf..... 508 13 4 Laxe 8h M (14)... Lakey Fy & Mch. . Lane Bryant pt(7) 50s Lehigh C&N(50¢e) 2 Libby McNeill&L. 1 Lone Star G(plse) 1 Long Island Light Long island Light DL A (7). Long Island Light of B (6 Louisiana 1. & Lynch Corp Middle States Feum vic (B) Mid West Util CVPLA (). Mohawk Hudson 13t pL (4) Molybdneum..... 10 Mount Prod «60c) e e Nat Bella Hess Nat Fuel G Nat Investol Nat Invest wa Nat Pw&Lt ot Nat Rubber Mach. Nat Sugar NJ (2) Nat Transit (70¢) Nat Union Radfo. 1 Natomas Cotéve). 10 NJZine (3)...... b0s | Nev-Cal E1 pf (4). 255 Newmont (p50c). 2 9 6 1 1 ) 2508 . 2 3 2 5 1 ‘Tea 1st pt (7). 108 lZfi i 52 % 6% 17 30 16 % 70 63 4% 13% 2% & % 69 6% 6% 5 508 36 104 Mont erd(A)(HlZUl lSfi 1% 181 ~ L] L 25\. ™ bl 91y 51 R INEW YORK CURB MARKET Dividend Rate. 24600, High. Low. Close. IZg 126 b1% 62 " 6% 16% 30 108 106% 106% 8 124 12% 3 467 463 Hygrade Syl (3)..4268 33% 33% 16 “ 70 83 4% 13 6 5% bW 5 30% 30 2 21 * 50s 10% 10'% .56 % 6 6% 6% 5 3 2% 24 70s 50% 50 b50s 41% 414 2 5% Midvaie Co (kl).. 258 ‘8’; SEH “6 10 135", 4 South Am Gold 4| Southn Calif | Stand O Ky(11%) f Sunshine ( | Swirt & Co (+750)" | Swift Intl (2) Electric Power Output Records Declme in Week By the Assoclated Pre NEW YORK, March 27.—The Edi- son Electric Institute reported today the production of electric power for the week ended March 23 was 1,724,- 763,000 kilowatt hours, compared with an output in the previous week of 1,728,323,000 kilowatt hours. The current week was 4 per cent above the same week of 1934 and the | previous week was 4.7 per cent above | the corresponding week of last year. Pirst sectional loss in recent weeks from the previous year was shown by Pacific Coast States, where pro- duction was 2.2 per cent under 1934. Rocky Mountain States again led with a gain of 17.3 per cent over 1934. Other sectional gains were New Eng- land, 1.8; Middle Atlantic, 1.9; Central industrial, 4.1; West Central, 3.6, and Southern States, 8 per cent. —_—— ETHYL GASOLINE PLANS NEWSPAPER ADVERTISING NEW YORK, March 27.—Ethyl Gasoline Corp. announced it would make extensive use of newspapers in its 1935 advertising campaign. Wider use of newspaper space is character- ized by the curporation as "3 di tinct departure from past compaign: Stock and Sales— Dividend Rate Add 00 Imh Low Close Sherwin Wil (3). 1 R4 Wdla Singer Mfg(18%) 10 zw ,21"'1 239 Smin AUV, .. 8008 66 bd% b6 & Plat (40e) 2 A sm 8% Edison pf (1%) 100s Southn Calif EdispfA (1%). 1 2 Southn Calif Edispf B(1%).. 1 Southn Calit 1 3 . 6008 EdptC(1%) 1 32 24 2 20% 18'% 18% 127% H# 3% 12 2% 1 13 15% 341 Stand O1l Ohio. . Starrett Corp pf.. Stutz Motor...... 1 Sullivan Machine azsa Sun Investing Sunray O1l —Eame Tampa Eleo (2.24) Tastyeast. Inc(A) ~ 28u BOND OFFERINGS SET 4YEAR PEAK Week’s Total Will Be Near $150,000,000—Addition- al Securities Prepared. By the Associated Press. NEW YORK, March 27— Offerings of new bonds this week will estabiish & four-year high with additional se- curities being prepared for the market. The total will be in the neighbor- hood of $150,000,000 with prospective offerings boosting the total over the $200,000,000 mark. The last week over that point ended April 10, 1931, when $294,373,000 in new bonds came onto the market. Although only s small portion of the total is what Wall street calls new money, or funds not used for the re- tirement of outstanding securities, the total used in the refunding operations is regarded in Wall Street as gratity- ing. New offerings this week include Pa- cific Gas & Electric, $45,000,000; Swift | & Co., $43,000,000; Port of New York Authority, $34,300,000; Chicago Union | Station, $16,000,000; and Lehigh L\ New England, $6,500,000. Preparations are being made to flnn | an issue of refunding bonds, probably | of about $68,000,000, for Southern California Edison Co. A registration | statement is expected to be filed short- ly with the Securities & Exchange Commission. | Various municipal issues. which have | been coming onto the market regularly | in small amounts for some weeks, are | expected to be offered as usual this| ‘week to swell the total. Norfolk & Western has called an | issue of $35,000,000 in bonds for pay- { ment in cash and bank loans, a pro- cedure calculated to reduce interest | payments, and these funds will be | available for re-investment, it was LEVEL MAINTAINED BY STEEL DEMAND Contraction Is Only Minor as Output Slips to 461, Per Cent Mark. By the Associated Press. NEW YORK, March 27.—Iron Age finds in its weekly survey that steel consumption is “holding at a relatively high level.” “Despite the continued unsettling influence of political developments, steel demand this week reflects only xry A13 minor contraction,” says this trade | authority, estimating ingot production | at 46% per cent of capacity, com- | pared with 47 per cent last week. While automobile requirements for | May are expected to be somewhat un- der April, “it is believed that the motor makers will experience an- other million-car quarter in the next three months.” The farm implement industry con- tinues in the van of recovery, Iron Age stating that “although implement makers expected an increase in de- mand this year, actual orders have been four times as large as their most optimistic estimates. An acute shortage of skilled labor has devel- oped in certain implement manu- in the industry. Iron Age says new structural projects announced during the week call for only 2,600 tons of steel, the smallest since April, 1933. Scrap steel prices again weakened during the past week, reducing the Iron Age composite to $10.75 a ton from $10.83, a new low for 1935. The Iron Age this week makes its composite price $10.75 a ton, com- pared with $10.83 in the previous week. The finished steel and pig iron com- posites are unchanged at $17.90 a to® and 2.124 cents a pound, respectiveiy. D VOTE INCREASE IN STOCK. NEW YORK, March 27 () —S8tock- facturing centers.” Tin plate production remains the | most active division of the steel in- dustry, and “is now estimated at 80 per cent of theoretical capacity.” Construction and the railroads, or- dinarily among the largest users of steel, account for much of the slack holders of Carrier Corp. at the annual meeting approved an increase in the authorized number of shares from {500,000 to 1,000,000. New directors |elected were Paul Stamm, former | partner in Ladenburg, Thalman & Co., and E. C. Wampler o* Lawrence, Stern '& co. /\/\ens Store Here's a Good Chance to Buy Those New Clothes You Need for EASTER—A Special Group of MEN'S SPRING SUITS for only s18. —You can depend on getting quality in the Suits you buy at Kann's—whether its a sale group or a_ regular line— quality in STYLE—quality in FABRIC —quality in TAILORING. This sale group is no exception, and the variety is exceptional! Neat or bold checks. Mixtures or solid tones! Grays, tans, browns and blue grays. Single or double breasted and the popular new sports types. # | pointed out in bond market quarters. w In addition, bond market sources re- 6 | port preparations by various organ- | izations being made to issue upward 3 | 0f $300,000.000 in refunding bonds to | 1, | Teduce interest payments, and it is 3s, | stated the reception accorded the cur- | rent offerings will determine the speed | 4% | with which the pending issues are | - #& | brought onto the marke NY & Hon K 114 3508 33 N Y Telpf (6%).. 258120 Niag Hudson Pwr Cons Retall Stores Technicolor, Ine. . Teck Hughes40c) ‘Fexon O&Ld(60¢) Texas Guilt Products(b10%) Tri-Contl Cp war. I'ubize Chatillfon. o NaRa 19 Tane Co_bs Crucible Steel Cudahy_Pk Creole Petrol Crocker Wheeler, Croft Brewing. ... Cusi-Mexicana M. Novadel Ag (3) —_——— ific Eastern... 1 PacGas & Eiec Istpf(1%) 1 “ 1 Pac Light'g pf(b) 255 151, | Pan-Am Air1)... 8214 | Pennroaa L orp 15 11% | Pepperell Mg (6) 1108 60%4 | Perfect Circle (2) 100s 3% . 108119 Dictograph Prod.. Distilled Liquors. Distiliers Crp-Sea Dow Chemical (2) Duval Tex Sulph. Unfon Gas of Can | Unton ‘Tobacco. Unit Carr F (1) Unit Corp'n war 1 fi 'NEW YORK BANK STOCKS NEW YORK. March 27 (7 —New | Security Dealers’ Assocation base (Quotations as of 2 o'clack. ) B 23 Gatinetu 215 | Pt Milk pt (7). 1},‘\1 Phoenix Secur pf. 1 &7 923 | pitney Bo P (20c) 14 5 “ Pitts Plate Gl (3) 1508 48% 47w | Pond Creek 3t Pocahontas (2). 1 | Pratt & Lamb (1). a1, | Premier Gold 12¢. 34| Prod Rovalty 2%4¢ “ | Prop'ties Real vte | Prudential Invest Puget Sound PaLsbpt Puget Sound P& L3SDL. Pure Ofl pf. Pyrene Mfg Co | e Rlllrolfl Shares. | Raym'd Con pf () x“ 0 | M.‘ **| Bank of Man (113) | Bankers' Tr « 2% | Brooklyn Tr (1) Cen Han Bk & Tr i) EastnG & F Asso. 1 East'n G&F pf(6). 26s Eiec Bond&Share. 26 Elec BA&S pf (§). 5 Eleo B&S pt (6). 18 Elec Pwr As (40c) 2 Elec Power Asso (A) (40¢) Equity Corp. European Elec Ltd deb rights Ex-Cell-O A&Too} — | Fatrcnild Aviat'n. | | Fansteel Products Ferro Enamel 60c. Fisk Rubber pf (6 Flintcote A p25c.. Ford Mot Can (A) (K1%). Fora Motor Ltd. . Gen Georgia I jan Unit mewr pl Unit Lt&Pwr (A). Unit Lt&Pwr (B). Unit Shoe M(t4% US Elec Pwr ww. USLinespf...... Unit Verde Ex 400 £ | Utllities Pwr&Lt, Asked 03g 238 2 26 | venezueia Petm. . 9034 tmh 67 6812 Waco Alreraft.... Walker (Hiram).. Walker (H) pf(1) | Western Auto Supply A (3) Westn Cartr p£(6) 508 | Wright Har(160e) 7 Dividens rates in dollars gpariely” or " ssmi-annual 27% 18 58 99% L2 MO e N NE ARG RNACN w0 e © 44 Ble 94 lmn 7 1n«'.m" 4 103 fi‘. fl‘flu s ml*umr 027 1027 1) nufacturers | Natl city (1) | N Y Trust (5 58 | Pubilc (1) | 994 | United St Tr 9 *Including ex'ra( on i loek 58 99 1 l“‘ ok 0 H RET St Regis Faper. Mass Ga, Memph Metro Ed s T R Pty 9N f IO’ B Loss A48 i s B3 88 ]uqu 100’ Garlock Pack’g(1) w7 Gen Invest pf Ga Pwr §6 of . Glen Al Coal Globe Und (k50c). Great Atl & Pac Tean-v (7). tfii = 3 sx.‘ ; and future. Antimony. Salt C'k Cons k10c SEisi l;u...m . noe: METAL MABKET Salt Creex P (30e) 5‘,’ } us 8*4 NEW YORK. March g Schiff(The)Cot2). 27% | in luxl le’-unlx.!n scrip auiet clectrolyiic. spot and nmm | Seaboard Util. |0 ctock J dynr-—.:o rng:n\ Eag, Tin steady; spot and hearby. Seiected (ndu A ..."hééfi“‘.‘,‘ ",_.m exa: | enansed Lend siendis: shor. allot ofs (334) 1008 " “ate anie: n In reul\tr-‘ 460. East St. Louis. ehip "0F_beine reoreanise tocks fully | Fast 8t Louis » listea on_the Curb hchnnn"mh'rn ¢ | Aluminum. 10.00a22.00. i ax unl ssues ¥ eisner Bros spot. nn Ons fi‘ u bl o % 2 81 30% 50%3 . 9 xr:v. 87 108 108 035 99 DOVe aais g we U' 80'2 N(l‘,n 7RI ’b'a T8l mu. 1014 1013 10475 1043 1044 1063 1063, 1063, 105% 10572 105’2 L 104% 104'% 104 8., BRY¥ 584 ..Sih‘ 0 E OHE P W . . Qiweso Falls 6s 41 And, in spite of the low rice, there will be no E 1054 10882 10 price, ’ 10074 10874 108%s charge for alterations. A5l 6514 HZ' ]ln‘q 113 l,l'll 5158 A ‘40 67 i 4135 '50 D 61% 6 M‘m g —And Come to “TOPCOAT TOWN for Your Spring TOPCOAT A Splendid Variety of Styles Here at $19.75 —Records prove that Wash- ington men like the quality and style of our topcoats. We've sold far more than we’ anticipated during March . . . in fact, we had to reorder. Swagger models — Raglans, set-in sleeves, wrap-around and the Belco military type in pleasing shades of grays and tans. Regulars, shorts, longs. & 10 —wnn warrants. Wluwul warrants. ln lllu!fl Iability impair !g:l'noprlnm 'npomdq by maturity. in receivership. FOREIGN MARKETS. .’ “i. nml.m Press. '°,‘,“ u!ndoru‘ma lrfllllld on me awek Exchan e ““" m' !mml rise, in, Whe gecuritios and, in- it ’J’ Gaderihie of gvoral et 'Drospect prices ?ls!d due IO nrofll taking and ll-cklnln' of sup| German bonds ining_and silver Seakehed whut Bld paine o Siver irregular. PARIS.—Priceswere strong on ‘the Bourse today. armament stocks being the market leaders Rubber issues were also Birong and active. while rentes. which de- clined during the early t: 2 nrm'r ! losing tone was firm. .—Irregularity developed ol R day, after s wesk opening. SHinihg rll WEI’Q favored and the market closes OU just can't smoke Domino cigarettes without liking ’em. They are made from delightfully mild imported and domestic to- baccos—a perfect cigarette— and the fact that they’re only 10¢ will keep a lot of change in your pocket. Buy Dominos today. Purity and FEseellence guarenteed by one of M’loflfllflmfl.lfi:‘mv o Richmond, Virginie shares were cl cheerful MORE BUYERS REGISTERED. NEW YORK, March 27 (#).—The number of visiting buyers registered in the market here for the last week totaled 849, as compared with 778 the previous week and 548 during the same period & year ago. Kann's—Second Floor.