Evening Star Newspaper, April 2, 1935, Page 13

CURB LIST EASES AFTER EARLY RISE Trading Moderately Active. Metal Shares Among Late Losers. By the Associated Press. NEW YORK, April 2.—Curb mar- ket prices slipped back a trifie in late dealings today after showing some degree of steadiness in early trans- actions. Trading was moderately active. Minor advances were shown by American Cynamid “B,” Newmont Mining, Niagara Hudson Power, Pitts- burgh Plate Glass and Swift Inter- nacionale. Slightly lower levels were estab- lished for Aluminum Co., Creole Pe- troleum, Lake Shore Mines, Electric Bond & Share and Pioneer Gold. BONDS ON THE CURB MARKET. DOMESTIC BONDS. High. Low. Noon. Canadian_Pc 6s ' Can No P 8¢ A Cent Ariz L&P 082 108Y2 10134 10132 U3 10n 1 u‘. 10813 10828 5s A Cudahy Pkg 5s Cudahy Pk 5'2s Cum G P&L 4ias C Gas 55 B tec Bal. 5 A p O'& R pia ederal Wt 5as orida P&L Gatineau Pw Gatineau Pw Us "4 Gatineau P 65 B Gen Pb Ut 6'as A Georgla Bw 35 - & Glidden Co u’:s Guif Oil Pa bs I Pir3e | 103 106% 10613 | o 2R e 22030 Y 04 L 100% 1092 1005 1047 10475 1047 1015 101% 10124 651, 6514 R TE it 108 141)& x\m 8% Ye e fagms R o) > O NEW YORK CURB MARKET TIHHOLESALE INY By private wire direct to The Star. Stock and Sales— Dividend Rate Add 00. High. Low Aero Supply (B).. 1 34 Ala Pwr pt (1!. . 20| 2 Allied M1l Alum’n Co ot Am. soo. Alum'n pf (1%)..100s Alum’'n Goods 40c 3 Alum’n, Ltd C war 18 Alum'n, Ltd D war 18 Am City Power & Lt (A) (a3)125s Am Citles Pwr &Lt B (kl0e) 2 Am Cynam(B)40c 16 Am Gas & E11.40. 21 Am Gas&El pf(6) .426s Am Laundry (40c) 100s Am Lt&Trac1.20. 13 Am Light & Tracpf (1%) 6 Am MfgCo....... 68 Am Maracaibo. 1 Am Meter Co. Am Superpower. . Am Sup'pwr 1st pt Am Thread pf 25¢. Appalachan Elec Pwrpf (7)..... 108 Ark NatGas (A). 2 Armstr Cork(50c) 6 Asso Elec Indus Ltd (k10 3-5¢) Ass0 Gas&El (A). Asso Tel Co Ltd pf (1%) 25, Atl Coast Fisher.. Atlas Coro... Atlas Corp war... 2 Atlos Corp(A)(3). l Atlas Plywood. Ax-Fisher(A)3 20 20l E—— Babcock & Wil 40¢c175s BlissCo (EW)... 6 Brit-Am Tob cou B (p353-6¢).... 5 Buckeye P L (3).. 50s Buff N§dEPpf 160 5 Bunker Hill&Sul. 25s Cable Radlo vte Cent States Elec 5 Cent Sta E1 7% pf.2258 Centrifugal P(40c 1 4% 4% 4% Chesbrough 6% . 50s115% 115% 115% Chicago Mail Order (t1%). eee 18% Cities Service.... 1 ] Citles Service pf.. 10% City Auto St k10c. 5% Cleveland Tractor 4 9 Columbia Gas & Elec cv pf (5) 1001 Columb 0 & G Vte Com'with Ed 4). Comwlth&So war. Como Mines. Cons Alrcraft Cons Copper. Cons Gas of Balto (3.60) Cord Corp Corroon & Reyn. . Corroon&Rey pf A Cosden Oil (Me).. Courtaulds p271z¢ | Creole Petrol'm. . Crocker Wheeler. Croft Brewing. ... Crown Cork Intl (A) (m75¢) Cusi-Mexicana M. 2% Dictograph Prod.. Distillers Co Ltd (p27 3-10¢) | Distillers Crp-Sea Distilled Liquors. Doehler Die Cast. Douglas (W L) pf Dow Chemical (2) 2 Duke Power (3).. 100s Duval Tex Sulph. itcher Ld. Wash Mch B Eisler Slec Corp. . Elec Bond&Share. Elec BA&S pf (5). Elec BA&S pf (8). Elec Pwr As (40¢c) Elec Power Asso (A) (400). ... Emp G&F 7% pf.. Kquity Corp. ..... European Elec Ltd deb rights % % Fanny Farmer Candy (1213%¢) Ferro Enamel 60c. Fidelio Brewery. . Fisk Rubber. . ... Fisk Rubber pf (6 Flintcote A p25ec.. Ford Mot Can (A) (k1%). Ford Mot France.. Fora Motor Ltd.. su 8% 18% 13% L) W T % T 1% 11% 27% 2T% 3 3 % T Glen Al Coal t13% 15% 15% Globe Und (k50¢). 8% RM Godchaux Sug (R) 8 8 8 Gray Tel Pay p50c100s 13% 13% 13% Great Atl & Pac Tea n-v (17). 126 126 Greyhound (Del), 34% 34n% Guif Oil of Pa ¢ 52% 521 —_— Hecla Mintng. ... 6% 6% Heyden Chm 13 40% 40% Hollinger G t75e. 16% 16% Horn (A C) Co. 1% 1% 12% 13% 46 46'%% 10s 126 29 Hudson Bay M&: Humble Ofl (1) —_— Imp Ol Ltd cowp (t30e)... Imp Tob Can (t52%c). Indiana P L (30c). Insurance Co of North Am (2) 531% Intl Hydro Elec System cv pt % Int] Mining war.. 2 ) Intl Petrol reg t2. 30% Int] Products. 3 6% Irving A C (pl0e) i il Kerr Lake........ % 16% 12 % 16% 12 4% 4 | — FOREIGN BONDS. Hanov Pro 6%s 49 Ital Su Pow 6s A '63.. Parans Braz 7s 'hfl d_Elec 6 50 mnw. uml/: nmi % 63 313 6: 100% 10013 10013 Xw—Without war- wi—When issued. st my mped. Negotiabiity _mpaired by maturity. tCompanies reported in receivership. S e SHORT-TERM SECURITIES. (Reported by Chas. D. Barney & Co.) Vam ' woc sk ® A ¥ —With warrants. . _gNew. Allis-Ch: s :nmg.r‘: Co. 55 19'\7_ Am. 943 & Tei Atlintic Refinin Bethlehe, rado &' Peiaware & fludlo‘lz Edison El nlum 4s l B Gen. Pub. Service Mlchl{ 1940 New York Olntl’ll Ol 1935 N. Y. Chi. & St L. e M L B s Wibash Rwy, & be 1001 sav. ‘Warner Sros. ceaee MONTREAL SILVEB. Lake Sh M (14) .. Lefcourt pf m1% Leonard O11. . & Lerner Stores. . 49% Libby McNeill&L. 6% Lone Star G(pl6e) 5 Long Island Light 2% Long Island Light 56% 18% OfA (7)... 30s Long Island Light PIB (8)... 3608 Loutsiana L & Ex. Lynch Corp...... 43% 17 b% 1 28% INSURANCE STOCKS s sedurlty Deaters WomciZtign: —New York Actny Bt Trm) etna re 60) Aetna Life (60) Agr cultural () Am Ins Newark ( Am Reingur (3%) Am Surety (1) Automobile (1) : ol SRSESER.EN ESERFRISSESTETRES (1) Ewflfl fl ld 4’( ")‘) St Life 0. **# 'rnvelrl iiej & Declazed or paid so far this year. BRIGGS CO. DISCLOSES PROFIT OF $5,121,625 By the Associated Press. 1% Scovill Mfg (1) THE EVENING STAR, WASHINGTON, D. C, TUESDAY, APRIL 2, 1935. Stock and Sales— Dividend Rate. Add 00. McWill'ms Dr (2) 100s 29 10s 53 2 61% 61 Mangel St pf ww. Mead Johnson(t4) Mohawk Hudson 1st pf (4) 50s 35% Mont Ward(A)(T) 108136 13 8 10% 10% 10% Molybdneum..... B Nat Bella Hess. .. Nat Bond&Sh t1% 1 1 31% 31% 381% High. Low. Close. 29 29 53 53 61 35% 35% 136 1% 1% Nat Dairy pf A(T) 258 lOg 105 106 NatFuelGas(1).. 2 1 Nat Investors. Nat Leather. Nat Pw&Lt of (6) 1200.55 Nat Rubber Mach. 16 Nat Service...... 20 Nat Sugar NJ (2) Nat Union Radio.. 2 Natomas Co(60c). Nelson (Herman). 1 Newmont (p50c). NJZine 2).. N Y Tel pf (6% Niag Hudson Pwr 11 Niag Shrs(Md) B. 12 Noma Elec Corp.. 2 Nor Am L & P pf. 150s Northam Warren conv pf (3)... 75s 36% . ©Ohio Ofl cu pf (6). 100s 95% Pac Gas & Elec bt (1.37%) Pac Gas & Eilec 1stpf (1%) Pac Light'g pf(6) 125 Pan-Am Air1)... Pantapeo Oil. Param’t Motors Parke Davis 11.7¢ Pennroad Corp.... 1 Penn W& P (3).. Pepperell Mfg (6) 30s Phoenix Secur pf.. 1 Pioneer Gold Mines Ltd(30¢c). 5 Pitney Bo P (20¢) 1 Pitts B&LE(1%). 50s Pittsb'gh LE(23%) 10s Pitts Plate Gl (2) 2508 Premier Gold 12¢. 10 Prod Royalty 2%e 3 Prop'ties Real vte 50s Prudential Invest 1 Pub Svc Ind pr pf. 20s Puget Sound P& L $5 pt 380s Puget Sound P&L $6pt. Pure Oll pf. 180s 30s Railroad Shares. . Reiter-Foster. ... Reynolds Invest. . Russeks Fifth Av. B mm N St Regis Faper... Salt Creek P (80e) Schiff(The)Co(2). » & - % 62 20 % 3 2% b 2 9% 13 40% . 508 51% . 26!119!6 119'4 llD‘A 39% 18% 13% L b54% 8 8 % % 2% 27% % % 9% 5% 40 34 3% 2% 1 5% 36% 7 20% Stock and Dividend Raf Selected iInau Seton Leather. Shattuck Den 4Ain 1 Sherwin Will (3).276s Bales— Add 00. High. % 4 4 2% 2% 2% 84% 84 84% Singer Mfg(t8%). 10s238 238 238 Smith (A 0)..... 7008 South Am Gold & Plat (40c) 11 South Penn O 1.30 3 Southn Calif Edispf B(1%).. 1 Southn Calif EdpfC(1%) 1 Spleg-M-S pf(6%)150s | Stand ORy(11%) 5 Stand Oil Ohfo... 100s Stand Ol O pf (5) Stand Stlver & Ld. Stetson (J B).... 268 Stutz Motor. . 3 Sunray O 1 Sunshine (80¢)... & Swift & Co (175¢). 14 SwiftIntl (3).... 6 ‘Tampa Elec (2.24) Tastyeast, Inc(A) Technicolor, Ine. . Teck Hughes(40c) Texas Gulf Products(b10%) Texon O&Ld(60¢) Tonopah Mining. . ‘Tubize Chatillion. Tung-Sol Lamp... —_— Union Gas of Can Unit Carr F (1)... Unit Corp'n wa! Unit Founders. Unit G & Epf (7). 108 Unit Lt&Pwr (A). 1 Unit Lt&Pwr pf.. 3008 Unit Shoe M(14% 100s USElec Pwrww. 1 USFol (B)(60c). 2 US & Intl Secur.. 4 U S & Internat’l Secur 1st pf ww 100s Unit Verde Ex 40 6 Utilities Pwr&Lt, 1 Utility Equities. . 1 Utility Eq pf(3%) 26s —_—— Walker (Hiram).. 2 Western Auto Supply A (3) 2 5 Westn Cartr pf(6) 26s Williams(RC) (1) 1 Woodley Pet (20c) 1 Woolworth(FW) Ltd (p46 1-6¢) erlh( Har (16 14 Dividend rates in don qnamly P R nu- tra -huhh ln cash stock P) 508 91 1 65% 63% 53% 3% 3% 22% 22% 22 20 87% 18% 12% hed 12% 3 5474 99% 14 4 4% 24% MW 24% 9% 9% ol CaTment: 0 it hers ar s drvitens TURNS UP IN'WEEK o Advance of Four Points to 77.2 Shown After Steady Decline. The downward movement in whole- sale commodity prices which had pre- vailed for the last month was reversed in the week ended March 30. The in- dex of the National Pertilizer Associe- tion, based on the 1926-1928 average as 100, advanced to 77.2, a rise of four points over the preceding week. A month ago the index was 7".9 and a year ago 71.0. Of the 14 component groups of the index six advanced last week and two declined, compared with one group ad- vance and six declines in the preced- ing week. The principal increases were in the foods, grains, feeds and live stock, textiles and fats and oils groups. Eleven commodities in the grains, feeds and live stock group advanced, including corn, oats, wheat, cattle, hogs and lambs. The foods group reg- istered seven advances and only one decline. The rise in the textiles group was due in large part to, higher cotton prices, although burlap and silk also advanced. Seven items in the fats and oils group declined and only three ad- vanced, but the group index rose 34 points, the rise in lard and butter prices much more than offsetting the declines in the vegetable oils quota- tions. Slight advances were registered by the textiles and chemicals and drugs groups. The fuel group declined as the result of a seasonal drop in anthracite coal prices; the index for this group was at the lowest level reached since the week of April 7, 1934. The fertilizer materials group index fell off slightly as a result of lower prices for cotton- seed meal and tankage. Thirty-three commodities advanced last week and 21 declined; in the pre- ceding week there were 15 advances and 32 declines; in the second preced- ing week there were 16 advances and 37 declines. Moto Meter Gauge & Equipment Corp. 1934 net income was $360,432 vs. $150,666. CONFUSION GROWS IN COTTON TRADE Exchange Seats Are Sold at $8,000, or Lowest Mark Since 1914, BY JOHN A. CRONE. Special Dispatch to The Star. NEW YORK, April 2—The cotton trade becomes more disorganized daily, reflecting the effect of Federal policies on domestic and foreign cotton busi- ness. ‘Two memberships of the New York Cotton Exchange sold Monday at $8,000 each, off $7,000 from the last sales”and at the lowest price since 1914, with its $7,000 record low. The peak of $45,000 was in 1928 and 1929. Prospects of small trading volume, widened differences between Southern spot and futures prices, and a cotton trading investigation, which is ex- pected to add little to known facts, contributed to these lowered exchange seat quotations, Mill Operations Curbed. Cotton goods was helped somewhat by the volume of sales last week, the only week in March in which sales equalled production, but the general accumulation of stocks, resulting from slackened domestic and foreign business, compelled the 25 per cent reduction, starting Monday by Gov- ernment order in three branches of the trade—print cloths, wide sheetings and carded yarn sales. The decline of cotton goods during March, amounting to an average of % cent a yard, followed the sharp break in cotton, as much as 1 cent a pound, March 11, and a net decline during the last month of 1%; cents a pound. Diminished raw cotton ex- ports, along with the gain in Japanese goods exports, contributed to the drop in the commodity and its products. The world cotton crop last year, estimated by the New York Cotton Exchange at 22,396,000 bales, was about 3,000,000 less than the preced- ing year. The American crop alone was down 3,000,000 bales from the preceding year and 5,500,000 bales be- low the five-year average. Price Spread Narrowed. Recent narrowing of the price spread between foreign and American cottons may help our exports, which also may benefit from foreign pur- chases based on inflation or war Prospects of small Russian cotton purchases here and of a siz- able quantity of German buying de- pend entirely on satisfactory credit arrangements. While Washington talks of higher processing taxes and an export sub- sidy, the trade thumbs historical rec- ords, for it is out of statistics that a glance at the future may be gained— facts well realized by the sellers of mules, fertilizer and other materials to planters now busy preparing for this season’s crop. Estimates by the New York Cotton Exchange of last year's crop show foreign cotton production was the second largest in history, falling short of the previous season’s record growth of 12,850,000 bales by only 73,000 bales. Decreases occurred in Egypt, India and Mexico, but these decreases were almost completely offset by in- creases in China, Russia and Brazil, and in the smaller producing areas, Uganda, Chosen, Argentina, Anglo- Egyptian Sudan, Belgian Congo, Greece and Persia. (Copyright. 1935.) BALTIMORE LIVE STOCK. Cattle — Receipts, 125; market ; slaughter steers, good, 8.75a ' .50; medium, 7.50a9.25; common, 6.00a7.75. Heifers—Good, 7.7588.50; medium, 6.50a7.50; common, 5.25a6.50; low | cutter and cutter, 4.50a5.25. | Cows—cood 6.25a7.00; common and | , 4.2586.00; low cutter and cut- | 2584.00. |4 Bulll—Good (beef), 6.00a7.00; com- | mon and medium, 5.00a5.75; cutter, 4.00a4.75. Calves—Receipts, 25. Market steady; | vealers, good and choice, 850a9.50; medium, 6.00a8.00; cull and common, | 5.0026.00. | Hogs—Receipts, 125; market steady: } truck hogs 25 cents under quotations; 140-160 pounds, good and choice, 9.20a 9.65; 160-180 pounds, good and choice, | 9.10a9.75; 180-200 pounds, good and | 3: choice, 9.45a9.75; 200-220 pounds, good | and choice, 9.15a9.50; 220-250 pounds, good and choice, 8.85a9.40; 250-290 | 3 pounds, good and choice, 8.65a9.10; 290-350 pounds, good and choice, 8.30 a8.80; packing sows, 275-425 pounds, | good, 7.45a8.30; 275-550 pounds, me- | dium, €.20a7.25; pigs, 100-130 pounds good and cho’lce‘ 7.6529.30. | Sheep and lambs—Receipts, 40; mar- | ket steady; lambs, 90 pounds down,| good and choice, 8.2529.25; commonl and medium, 6.00a7.75; cull, 5.00a6.00; ewes, 90-120 pounds, good and choice, | 4.00a5.00; 120-150 pounds, good and | choice, 3.5024.50; all veuhu. common | and mediu | tions will cont; %% A—13 Clearings Extend Baltimore Gains For 14th Month Special Dispatch to The Star. BALTIMORE, April 2.—Bank clears ings in Baltimore for March, as re- ported by the local clearing house, showed an increase over the like period of the preceding year for the fourteenth consecutive month. The total was $239,104,518, as compared with $219,570,639 for March, 1934, $103,216,223 two years ago, and $245,- 599,444 for the corresponding month in 1932. For the fitst quarter of 1935 local clearings reached $668,176,665, as against $607,316,889 in the three months of 1934, Debits to individual accounts, or check transactions at Baltimore banks, totaled $258,476,016 during the four weeks ended March 27, against $232,- 232323 for the comparative 1934 period. For the first three months of 1935 such transactions totaled $804,167,- 939, as compared with $715838.212 for the initial quarter of last year. FEDERAL LAND BANKS NEW YORK. April 2 (7.—Federal Land Bank bon AQuoulmns as of 2 o'clock.) 418 J & 4%s Jan 4l2s May | 4%s Nov | 4945 May 4%s Jan | 4145 July |43 ey 1 U. S. TREASURY NOTES. (Reported by Chas. D. Barney & Cc ) Rate—Maturity 45 June 15 Willys-Overland Co.—Plant of this company has been reopened, with 1,800 workers to make 10,000 cars, authorized by Federal court; opera- ue through June 15. JUST IN TIME_FOR YOUR SPRING OIL CHANGE!! Start Saving Today...with this New Kind of Oil made by Clearosol Process EMEMBER WHAT HAPPENED last Winter? A R new Mobiloil Arctic was announced . . . produced such phenomenal results that it won 3,000,000 motorists in six short months! Today you can buy Mobiloil in all Summer grades . . . refined by the same Socony-Vacuum Clearosol Process that made this record possible! Now, for the first time, you can get a Summer lubncant thoroughly cleansed of impurities. Now you can drive farther, faster . . . and use less oil in the bargain! You can forget carbon and gum . . . and the expense that goes with them. You can have a sweeter-running car. .. because this new Mobiloil is practically 100% pure lubricant! Take advantage of this new refining develop— ment. Give your car the protection . . . enjoy the economy . . . made possible only by this new Summer Mobiloil. It’s sold in grades for all cars .« « at absolutely no advance in price . . . at stations, dealers and garages that display the sign of the Red Gargoyle. SOCONY-VACUUM OIL COMPANY, INC. Baltimore Trust Building, Baltimore, Md. “SEE-IT'S FULL UP” ... This new kind of Summer oil stands up—no matter how fast you drive or how hot the weather. Saves you real cash! HERE’S PROOF BELOW ARE actual figures showing the superiority of new Mobiloil, made by the Clearosol Process, in comparison with another widely-sold motor oil : OTHER o 98% 88% 100% 68% 100+ 38 MoBILOIL Resistance to consumption Resistance to gumming Resistance to thinning 100 HOURS of operation on ordinary oil did BUSIEST DAYS IN MONTHS...Drive in to any Mobiloil dealer’s...and you'll see something like the scene at the left. This new Summer Mobiloil is sweeping the country. It comes in grades recommended for all cars ... Mobiloil “A”, “AF”,“B", “BB". Start saving with it today. ASK FOR MOBILOIL this! Engine valve-chamber coated with gum formed by “weak” elements left in the oil. BY NAME AT DEALERS WHO DISPLAY THIS SIGN S MONTREAL, " ° '01 o sster; ot 8on; Ty, 6530 SRR S ik ekt Wik | REW PORE: Aot 3—Brigs Manu: Mobiloi Hd." facturing Co. and subsidiaries report for 1934 consolidated net profit of $5,121,625, after charges and equal to $2.59 a share on the common 'f h;;' stock, compared with $1,691,425, or 80 sl cents & share, in 1933, ENGINE 18 STILL CLEAN, after 100 hours on new Mobiloil. Because this is a practically 100% pure oil . . . cleansed of gum-forming elements. Mobiloil BUBBER mm T ubures. opéneq. steady, igal 13;14 L " 11.48a11.53; 11.¢: "umber. 11.79211.80.