Evening Star Newspaper, April 1, 1935, Page 13

THE EVENING STAR WASHINGTO s , D. C, MONDAY, APRILU 1, 1935. 3% A—I13 NEW YORK CURB MARKET CURB LIST TENDS TOHIGHERLEVELS Specialties and Mine Issues Up Fractions to Point. Utilities Backward. By the Associated Press. NEW YORK, April 1~8pecmhlhtel§ and mining shares were groups on the Curb Exchange today and worked fractions to a point or more higher under moderate demand. Utilities were backward. Trading ‘was fairly active. Advances of around 1 point were shown by Newmont Mining, Aluminum Co., Dow Chemical and United States Playing Card Co. Other shares sell- ing higher included Gulf Oil, Lake Shore Mines, Penn Road and Swift & Co, American Gas and Electric Bond & Share held unchanged and Niagars Hudson dipped a fraction. DOMESTIC BONDS. High. Low. Noon. 94 gifl. 3% 3% 1no§. 100% 100% 94% 2 . 1s%08, 7% Amer ru. es 2016 Am Roll Mill 55 nru W 55 '56. Apich Pw fll A 202 Asso El Ind 4'zc 2aSoamSacSnotsannsetas NSRS RGeS Re R RGN . ‘n 103% 1 - 103% 103% }ms 148 1] v 800 881z r«’ 8ve Juklonvl Gs bu ‘4 .&erl On P&L 5s . 2103 1024 In"zlfl"x 98% 983 98 94 = 93% 104% 104% mfl. 10310 103 1085 1003 1085 5% 10655 108 83 8212 53 = 164% 104!- 104% 5)1\/. 58% 55 17 m%l. llh’;l oYy @ e Rl a2 goy 881, 0813 <1057 1051 10 037 10 102y 6 6 238 L 107 107 - 1031 103% l(H’/z . 52 B2 Hh 813 81% T 1bi% 1018 1005 | B 101% )mz 1011 nn a8% 88 ove 80v nu‘/: mav; 10342 99 6%s 83% 83V, 83% R With, werranis. xwo Withodt w-r- n—New. wi—When issued. ped_ $Negotiability impaired fCompanies reported in re- ceivership. —_ FEDERAL LAND BANKS YORK, April 1 (™. -—P!del’ll und Bank bonds: TQuotations as ofa3 oclock) RRRRRG RS FRFRERSSS I b ,‘ 01 0 01 01 04 04! 04! 03! 04 04 06: S 1 R e ' NEW YORK PRODUCE. 1. 3 d filorl;‘. lMIITm uhl e nm fresh receipts, ?“:a‘u reial s ey Yy packed swnn ’lau firmer. _Creamery. higher i, 8 %‘?‘ 'wlsn“-oyx"%'w'i‘"ia ':?av.fi'é': fi . hol E;%g‘%?'u helta 1034 Tancy"to :ne'c';-"uf . tea fim. reight: mn':m A AR A lo'l'i. roosters. 13; turkeys. 20a28: ducks. 15217. ISSUE TO BE RETIRED. YORK, April 1 (#).—Direc- tors of the National Sugar Refining Co. have decided to retire on June 1 the .-Alun!num Co. of American—1934 preferred share earnings were $481 va. $1.13. ! ) By private wire direct to The Star. Stock and Sales— Dividend Rate. Add 00 High. Agfa Ansco...... 1 4% Ainlworth (%) 2 21 £ (7)... 708 Alll.fl lllll. Ine.. 1 m’'n Co of Am. 3508 Alnmnpt (1%).. 608 Aluminum, Ltd. 1 Am Book Co (4 Am City Powe! & Lt (A) (a3)400s Am Cynam(B)400 6 Am Founders 1st pf (D).. 258 AmGas&El 140, 9 Am Gas&El pf(6) .8258 Am Laundry (40¢c) 100s Am Lt&Trac1.20.. § Am Light & Trac pf (1) 1 Am Maracaibo.... 2 Am Superpower. 4 Appalachan Eleo Pwr pf (7)..... 508 Ark NatGascupt 1 Art Metal (k25¢).. 2 Asso Gas & Elec.. 11 As80 Gas&El (A). 4 Atlas Corp.... 18 Atlas Corp war. 17 Atlas Plywood... 2 Ax-Fisher(A)3.20 20s 15% 22% 93% 13% 10% Babcock & Wil 40c225s Bliss Co (EW)... Borne-Scrvmser. .1508 Bourjouts (k25c). 1008 Brillo Mfg (60c).. 1 Brit-Am Tob cou B (p363-5c).... 1 Brit Columbia Pwr (A) (1%).. 508 Buckeye P L (3)..150s Bunker HillaSul. 75s 34 Can Marcont Carib Syndicats Caro Lt&P pf (7). 251 Cent States Elec 6% pfxw. 1% 1% $27,026 LOSS SHOWN BY UNITED AIRCRAFT By the Associated Press. NEW YORK, April 1.—United Air- craft Corp. and subsidiary companies report a net loss for the four months’ period from the commencement of operations September 1, 1934, to De- cember 31, 1934, of $27,026.72, after all charges, according to the first re- port to stockholders issued yesterday by Donald L. Brown, president of the corporation. Unfilled orders on the books of the corporation as of December 31, 1934, amounted to $7,533,661.86. — FERTILIZER SALES UP. « NEW YORK, April 1 (#)—Fertil- izer dealers report some increase in demand for various animal and mineral products. In the latter di- vision some advanced quotations have been listed within the last week. Processors are taking substantial de- liveries of sodium nitrate and am- monium sulphate. — INVESTMENT TRUSTS W YORK. April 1 (?.—New Security Dealers' Astociation: " YOTK (Noon quotations.) | Admin Pund ww , Picx? A‘ke.d Am Bankstocks 199 Am Business Shr: Bullock Pund Cumulative Tr ‘$h” Corporate - Trust Gorporate Trust A Corp Tr A A mod. Corporate friae ‘Acu Ser €orp Tr, Accum Ser Depo NY Five Ye %hr.sd ' JES e Year Fixe Fixed Trust Sh A ;luxed Trust Sh B ®. o R A A Lo NIRRT oW 00w SO Bt Supe; Supervised Shrs Trust Pund Shrs Trusteed Industey shrs. Trusteed N ¥ Bk Si Tristeed Am B B - NEW YORK. April 1 Security Dealers' Associ: Aetna Cas (2%am) Aetna Fire (1.60) Aetna Life (2a) Agricultural (3) . Am Ins Newark ( Am Reinsur (2%) Am Surety (1) Automobile (1) Balt A a s i Pty S35 & SREERNEE SR ooz Owt 19 @i E e O ) FFEEFS - t fllld 44"1) 991' nl'.l Su ‘l‘rlv!len (i) U 8 Fire (1.40a Westchester (1.1 a—Including extras. §—Declared of paid so far um year. SHORT-TERM SECUBJTIES. (Reported bv Chas. D. Barney & Co.) d. Offer. 6’0‘ 101 00 o n Do 13555 N 58 R e 2380 o b s ) 8 F Allls—Chnmel’s Co. 5s 1937 Amer. Beet Busar 65 1040 ™ 2 1 1 113, 107’ . 103 103 108 112 105 44 98! 190% L. 20 . 108 19 0 6.. 80 b3s; 108 36~ 83 91 ana Tr G unau Cenml [} ma i K 9 o2 e wm. bs 1337, N, &8t by 48 1037 ver Shio Fixer R B Bl rr:ehnd Gen fl 2‘153 (oo SBRIROSRE! FHER a5 stimutated by Im| y tosether with %m 200 ummz ’r i ers auet whie Ger: s, remained o Mer early un m:s uchnnn l(hl'la:n. fl *"“"'-"%:.‘5‘3"""::... a..@ e '"': Chicago Mall (11%).. Childs Co p! Citles Servie Cities Service pf. . ties Service P& Lt $7pt 508 City Auto St k10c. 4 Clev Elec Illu(2). 1 Cleveland Tractor 4 Colt'sPat F A 1% 125| Columbia Gas & KElec cv pf (5) 25- Com'with Ed 4).. ComwIth&So war. Como Min 4ot 12 Compo Shoe (60c) 2 3 Cons Gas of Balto (3.60) 11 1 Creole Petrol'm. . Crocker Wheeler, Croft Brewing. Cueno Press DL (633)WW..... Cusi-Mexicana M. Dictograph Prod. . Distilled Liquors. Distillers Crp-Sea Dow Chemical (3) Duval Tex Sulph.. —— Eastn G & F Asso, Eastn States Pwr. Easy Wash Mch B Elec Bond&Share. - Srm HAHDNON HONLA B B Elec Pwr As (40c) Elec Power Asso (A) (40c).... Elec Sharhold’g. . Equity Corp...... Falstaft Brewery.. Fanny Farmer Candy (t31%c) Ferro Enamel 60c. Fidello Brewery. . Fisk Rubber. ..... Fisk Rubber pf (6. Flintcote A p26c.. Ford Mot Can (A) (k1%). Ford Motor Ltd... —_— Gen Invest pf Ga Pwr $6 pf. Glen Al Coal 1 Globe Und (k50c). Goldfield Consol.. 4 Gold Seal Electric 3 Gray Tel Pay p50c100s Great Al & Pac AN RBeREED 9 I =g vld-nd‘nb'l\dd 00, High. Low. Close. 18% 18 Th 10% % 5 28 9 264 18% 18 3 10% % & 125 12y Tea 15t pf (7). 2105 126 1251 126 35¢ Greyhound (Del Gulf Otl of Pa Hecla Mining Hollinger G 176c. 1 Horn&Hardt 1.60. 1258 Hudson Bay M&S 12 Humble 011 (1)... Hygrade Food. Il Pwr&Lt 6% pf.100s Lmp Of! Ltd coup (180¢)......... 16 Insurance Co of North Am (3) 1 Intl Hydro Eleo System cv pt 100s Intl Petrol reg t2. 12 Irving A C (p10c) Kingsbury Brew.. Kirby Pet (p10c). Lake Sh M (14) Leonard Ofl... Libby McNelllAL. Long Island Light Louisiana L& Ex Lynch Corp Massey-Harris. .. Mavis Bot (A)(r). Middle States Petm vtc (B). Mohawk Hudson 1st pf (4). Molybdneum. .... Moore Drop Forg A (k1.50).. Nat Bella Fess. .. Nat Dairy pf A(T) 25. 105 Nat Pw&Lt pf (8) 1250551% Nat Rubber Mach 3 NatSugarNJ (2) 2 Nat Transit (70¢) | NJ Zine ¢2) 99 Newmont (p50c). Niag Hudson Pwr Nipssing(k12%¢) 1 Nor AmL & P pf. 100s Ohio Power pf (8) Pacific Eastern... Pac Gas & Elec 1stof (134) Pan-Am Air1)... Parke Davis t1.70. Pender Gr(A) 3% Pennroad Corp. .. Pepperell Mfg (6) Phila Co (80c) Phoenix Secur.... Phoenix Secur pf.. Ploneer Gold Mines Ltd(80¢c) 6 Pittsb’gh LE(234) 60s Pitts Plate Gl (2) 100s Premier Gold 12¢. 3 Prod Royalty 2%e¢ 19 Prudential Invest 5 Prudent Inv pf(6) 50s Puget Sound P& L $5 ot 3008 Puget Sound P&LS6pt Pure Oil pf. Richfield O1] Cal of (r) Roosevelt Fi Russeks Fifth Av. —_—— Selected Indus. . Sherwin Will (3). 758 % 354 354 52% 6% 52% 6% 36% 10% 26 &% 1% 1% 105 105 49 T% 27% K 51 39% 3% 2% 3% 3% Th 85 4% 85 Sherwin-W pt (6) 60!111% ulV. 111% Smith (A O)..... 200s South Am Gold & Plat (40c) 19 South Penn01.30 2 Southn Calif EdpfC1%) 2 Southn PL (30c). 1 Spieg-M-8 pf(6%)250s Stand OKy(t1%) 2 Stand Silver & Ld. Starrett Corp. . Starrett Corp pf.. Sunshine (88¢) Swift & Co (1150) . Swift Intl (2).... Swiss-Am Elee pf Swiss Ofl (40c)... ————— Tampa Elec (2.24) Technicolor. Ine. . Teck Hughes(40¢) Texas Gulf Products(b10%) Tob Prod Ex(10¢) Tri-Contl Cp war. —————— Unit Dry Dock(r). Unit Founders... Unit Gas Corp. Unit Gas Corp pf.. UnitG&Epf (7). Unit Lt&Pwr (A). Unit LtaPwr pf. . 2008 - ana- Ak o Se pRusamvemn » 3% 4 2% 22% 19% 4 86%% 4 224% Unit Sh M pf(1%) ZD- 8% U S Elec Pwr ww. U S Fol (B)(60c). 1 U: & Internat’) ecur 1st pf ww 100s U S Playing = Card ('l.‘l‘) 1008 U S Radiator. ... Unit Verde Ex 406 10 Utilities P&L pf..100s Utility Equities. . —_————— Wllklr (Hiram).. ) Litd (p46 1-6c).. Wright Har(160e) Dividend r-m n d | Bane? EGG QUOTATIONS STEADY TO FIRM Most Prices /4 to 1/, a Cent Higher on Washington Produce Market. Egg quotations were steady to firm and most % to !> a cent higher on the Washington produce market to- day. Live poultry remained steady at unchanged levels. The summary with egg and live poultry prices furnished by the De- partment of Agriculture, follows: BUTTER—One-pound prints (92 score), 36: 1-pound prints (90 score), 35: 1-pound prints (80 score), 34; Y. EGGS—Market steady to firm: prices % to % higher. Current ts, 20; ‘hennery whites, 20 ment graded and dated w U extras, large, TS, "extras, mediumi 2 U1 5" Standards, iarge. 24. LIVE POULTRY—M: 't full stes d pric Ebloted. i sz Leghorns, 16al7: roosters, 9al F" chickens, ' Plymouth Rocks." under 313 pounds, 22a23; over 34 pounds, 2 lul’lt\'!. hens, '.. 2 oms, 20: Cl 5 to 6 pounds, 22; 7 to 9 pounds, 24a2 slips, 15a20. FOREIGN EXCHANGES. YORK. April 1 () —Foreign ex- change irregular; Great Britain in dollars, gthers in cents’, Great Britain, demand. 4.79%;: cables, 4.79Y ance, uemfi'}d. Italy. demand, 10.18: Sweden, 214 tze: nd. Portusal, 4.98% 18.90; thoslflvllll. 4 18 2.28; Auslrll 18.85n: Hi 28.1 £ uexxeo Gity (ilver peso )y New Yok 99.31%: New York in Montrell, 100.68%. n—Nominal. SAVANNAH NAVAL STORES. SAVANNAH. April 1 (—Turpentine firm. 47a 1 ;lhmmvms ARV ay. ber. ‘1 Belga Approaches New Gold Parity In Swift Plunge By the Assoctated Press. NEW YORK, April 1.—The Belgian belga shot down swiftly to a level foreign exchange markets today as official trading began in that currency in Brussels after a three-day suspen- sion imposed by the governm Following official devaluation by 28 per cent, announced in Brussels sev- eral hours before the New York mar- ket opened, initial transactions in the belga were made at 17 cents, s de- cline of 1.70 cents from Saturday’s close and approximately .05 of a cent above the new gold parity of 16.95 cents. Other gold currencies advanced modestly but the British pound ster- ling dipped more than % cent to $4.79%. Prench francs were .003 of a cent higher at 6.59% cents and | Dutch guilders gained .09 of a cent at 67.54 cents. Foreign exchange dealers reported more stable eonditions governed trans- actions in the belga, although trldkll was light. Trading at London. LONDON, April 1 (#).—The Bel- gian belga was quickly adjusted to the new 72 per cent level on the for- eign exchange market today and held near that figure through a day of featureless trading, closing at 28.27 to the pound, within 15 points of its opening rate of 28.12, The United States dollar lost cent to the pound, closing at 4.797% to the pound, as compared to Satur- day’'s close of 4.79%. The opening was at 4.77%. The French franc closed at 72.75 to the pound, as compared to Satur- day's close of 72.78. April 1 (#).—Three per cent rentes. 76 francs 55 centimes; 42 per cent rentes, 87.35. Exchange on London, 72.621,. dollar was quoted at 15.16%. The RUBBER FUTURES. NEW YORK, April 1 (®.—Crude rubber futures opened 21 to 25 higher: rm, 1.40-43: July, 11.57-50; Septem= 71b. b—Bid. BUSINESS AWAITS EVENTS IN APRIL United Business Service Points to Important De- velopments Ahead. Special Dispatch to The Star. BOSTON, April 1.—During April a number of important developments are expected which should go far in determining the course of business, says the United Business Service in its current report. Among these are: “Congressional action on social legis- lation, the bonus, Wagner disputes bill, utility legislation, etc. “Supreme Court decisions on New Deal legislation. “Agreements or disagreements among European powers. “Decision of gold-bloc countries regarding currencies. “Reception of the Government fi- nancing program. ..C. C. ruling on railroad rate increase. “Strike votes in coal, tire and other industries. “Until some of these clouds which hang over the economic horizon are removed business men will proceed cautiously. Recent weakness in com- modity prices and foreign currencies, the revival of war scares, the slowing up of activity in heavy industries and the proposals of more restrictive legis- lation at Washington continue to de- press sentiment. “The greatest cause for concern at present is the lack of profit opportuni- ties,” the service concludes. “This deterrant of industrial expansion has been brought about primarily by Gov- ernment interference with industry, causing higher operating costs and lower profit margins. If the Govern- ment 1ifts restrictions on business and declares for stabilized currencies, and if foreign unsettlements are removed, it seems likely that the current de- clining trend in business will be halted and recovery will be resumed.” NO SECOND GRADE NO THIRD GRADE By concentrating on ONLY ONE motor fuel, we are able to give you High-Test, Knockless Power and Long Mileage . . . at regular gas ‘price. BAINS CONTINUED BY REALTY BONDS Apartment Issues in Lead With 16.3 Per Cent Rise, Index Reveals. Special Dispatch to The Star. NEW YORK, April 1.—The general improvement in the market vaiue of real estate bonds which was evidenced during 1934 has continued throughout the first quarter of 1935, according to the Eli T. Watson & Co. real estate bond index. During the first three months of the current year the average bid price of the 250 issues in 39 cities in the United States and Canada which com- prise the index, advanced from $302.10 to $334.40,. or $32.50 per $1,000 face amount, while during the year 1934 substantially the same issues regis- tered a gain of $77 per $1,000 bond. Apartment Issues Up Most. “A comparison of the per cent in- crease in the bid prices of the five print cipal types of properties securing these issues reveals that 83 housekeeping apartment issues showed the largest percentage increase of 16.3 per cent during the first quarter of 1935, as compared with a gain of 44 per cent in 1934; 27 hotels registered a gain of 11.6 per cent in 1935, which com- pares with about a 28 per cent in- crease during the preceding year; and 12 theater issues, representing about 150 theaters, which showed the largest per cent increase of 44 per cent during 1934, showed an increase during the post quarter of 10.7 per cent.” “Of the 9 principal localties cov- ered by the index, 10 Miami issues show the largest gain of 21.5 per cent for the first quarter. The average gain for the entire 250 issues during the same period was 10.69 per cent. Other Increases Shown. “Ten Brooklyn issues showed 15.9 per cent incraase, 10 Washington is- sues, 14.1 per cent; 16 Pittsburgh is- sues, 12.4 per cent: 13 Philadelphia issues, 13.5 per cent; 10 issues iocated in Buffalo registered & gain Guring the first quarter of 11.6 per cent, 12 issues in Westchester County, N. Y., showed gain of 10 per cent, 123 luues secured hy orcperties in New York City showed a gain of 8.8 per cent and 10 Boston issues 6.2 per cent, while 36 issues secured by properties scattered throughout the Eastern sec- tion of the United States and Canada registered a gain of 133 per cent. The following is a summary of aver- age prices as of January 1, 1935, com- pared with those of March 29, ac- cording w location: Agersge Average Bid Mial Brootiyn’ *: Washington 3 Philadelphia } Bitgsburgh . Bu Wenmuur E New York City’ Bosto! Scattered” " CHECKS ON INDIVIDUAL BANK ACCOUNTS DROP By the Associated Press. The total of checks drawn against individual bank accounts in leading cities holds a sizeable lead over last year, although the latest weekly re- port shows a sharp decline compared with the preceding week. Mid-March income tax payments and other sea- sonal transactions swelled the total for the latter week. o Comparative figures on total debits for 270 cities, as reported to the Fed- eral Reserve Board, follows: Week ended Merch . $7.078,447,000 Preceding week. Same week last yea CRUDE OIL PRICES. ou’fll . Okla., April 1 (P.—Base crude ice: ideonlment .X!l*Okllhfll‘hl»Klnsls. ravity scale to $1.08: Nm’lh m orth entral Texas, gravity scale te Z st Texas, $1 flat; North Lnulxunl-Arklnsls gravity scale to $1.03 Gull *Coasi——Louisiana-Texas. _sravity scales to and s1 West Texas (Permisn and 75 cents flat: Texas Paohend gravity scales o 81 and cents. Rocky Mountain area—Salt Creek, Wyo., gravity scale to $1.0! astern area grade {Bradford-Allegany) s ade in Southwest Pennsylvania lines, $ sames grade in Eureka lines. 3197 same grade in Buckeye lines, $1 raing, $1.35. STEEL QUOTATIONS. NEW YORK April 1 ¢ Steel prices per 100 pounds. fob burgh: Blue annealed sheets. Ral- vanized sheets. hot Pennsy] ro! 00 black’ sheet steel bars. 1.8 ONE GRADE: : . Our one motor fuel, Blue Sunoco, is outstanding in every gasoline quality —fast in acceleration, high in knockless power, smooth in performance, economical in mileage. ONE POLICY : i : To make a uniformly high quality motor fuel, and still sell it at the same price as ordinary gasoline. That is the Sun Oil Company’s one ONE PRICE: : . since all-important policy. we make only one motor fuel, economies are effected in refineries, warehouses, delivery trucks and gas pumps. That is why we are able to make Blue Sunoco quality so high and still sell itat regular gas price ¥ TIME TO CHANGE TO SUMMER OIL Change now to summer type Sunoco Mercury 4 Made Mortor Oil. It’s pure, durable and keeps 7 e ~ motors powerful by preventing hard carbon.