Evening Star Newspaper, April 9, 1935, Page 16

THE EVENING STAR, WASHINGTON, D. C, TUESDAY, APRIL 9, 1935 e ————————— e —————— CURB LIST TAKES UNEVEN COURSE Changes Mostly Fractional. Many Unchanged in Light Trading. By the Associated Press. NEW YORK, April 9.—Price trends on the New York Curb Exchange to- dsy were irregular with changes mostly in fractions of a point. Volume was light with many stocks unchanged. Working into higher ground were such shares as American Cyanamid B, American Gas & Electric, American Super Power, Technicolor, National Container and Parker Rust Proof. On the other side of the movement ‘were such equities as Aluminum Co. of America, Cities Service, Common- wealth Edison, New Jersey Zinc, Penn- sylvania Railroad, Swift International and Wright Hargreaves, BONDS ON THE CURB MARKET. DOMESTIC BONDS. Alabama Pow 35 '46. Alabama Pow s s pri ad i S .unu 1044 Am Roll Mid 56 i8 Appaich Pow bs ot Oities Service s Cities Service 5s Cit Srv Gas 3las Cit Srv Pw 5'as 43 u“ & Consm Pow 4'as Dayton P & L Firesone Tire Fiorida P&L 5: Gatineau Pw 5 Gatineau Pw s Gatineau P 6 Gen Pb Ut Georgia Pw 5 Ga P & L i . | Comwlith&So war. * | Cont G&E pr pt(7)5258 By private wirs direct to The Star. Stock and Sales— Dividend Rate Add 00, High. Low. Class. Aero Supply (B).. 1 3 3 Ala Pwr pf (6)... 1208 49% 63‘4 49% Ala Pwr pf (7)... 1408 55% 54 544 Allled Mills, fne.. 3 13% 13% 13% Alum’'n Coof Am. 2008 40% 40 40% Am Book Co (4).. 10s 64 64 64 Am City Power & Lt (A) (a3)150s Am Cities Pwr &LtB (k10e) 2 AmCynam(B)40o 8 Am & For Pw war 8 Am Founders 1st pf (D). 3258 17 AmGas& E11.40. 70 24% Am Gas&El pf(8) .6252100 Am Laundry(40c) 1i 144 Am Lt&Trac1.20. 6 10% Am Potash & Ch., 50s 13} Am Superpower.. 21 1% Arcturus Radio T. % Ark Nat Gas (A). 1 Ark Nat Gas cu pf 2% Armstr Cork(50c) 18% Art Metal (k25c).. 4% Asso Gas&El (A). Asso Tel Co Ltd pf (114) Atl Coast Fisher. . AtlasCorp....... Atlas Corp war. .. Ax-Fisher{A)3.20 35% 35% 24 lsr 36% 2 164 Babcock & Wil ¢0c 50- Blue Ridge Corp. . Blue Ridge pf(a3) Bower Roll B (1). Bridgeport Mach. Brit-Am Tobaceo reg (p35 3-5¢) Brit Celanese Ltd rets. Brown Co pf... 8 1 [ Bunker Hill&Sul. Butler Bros ZaOn 4 | calambrask Can Indus Alco A. Can Marcomt . ... | Cartb Syndicate, ., | Carrier Corp. Catalin Corp. | Celanese 1st 01(1)100 Celluloid Corp.... 1 Cen P&L 7% pt (miy)..... Cent States Elec. Centrifugal P(40c Charis Corp (1%4) Chesbrough 161 . Chicago Mail Order (1%)... Chi RIV&EM (1%4). Chiet Consol. 13% 2 1191 19 14 [ 17% 1% 13 10 Cities Service. | Citles Service pf.. Cities Service P& Lt$61.100s | Citles Service P& Lt $7 pt 508 | City Auto Stkioe. 1 Clev Elec Illu(2), 1 Cleveland Tractor 11 Cotumbia Gas & Elec cv pf (5) 40 | Columb O & G Vie | Com'with E4 4). 113 5% 28% 12y 28% 12 2 | Como Mines.....- 13 { Compo Shoe (50¢) | Cons Alrcraft.... | Cons Copper. . | Cons Gas ot Balto (3.60) 1 5 5 28 Cooper Bessemer. Cord Cerp. Cosden Oil (Me | Crane & Co | Creole PetroI'm. . | Crown Cent Petm. | Crown Cork Int1 (A) (m75¢c) Cusi-Mexicana M. Diciograph Prod.. Distillers Co | Ltd (p27 3-10¢) 2 | Disuiters Crp-Sea s Neo Pow 65 A Neisner Bros fs '4i Nevada Calif New Eng G&E G&E Pac GLE 41t Pac Pw & L 55 Ea C P&L 538 en O E 5125 B Penn Power Peop G L 4s B Phila_Elec _5lis Pied 2 2 100~ 100 41 ) 1 100 6615 4875 . 100 6612 CE»“ UnAlnvisA u L P sgsesscessasy e 23 2 FOREIGN BONDS, Chile M B 65 '31 SHORT-TERM SECURITIES. (Reported by Chas. D. Barney & Co.) Allis-Chalmers Co. 5s 1037 Amer. Beet Sugar s 1040 Am. Tel. & Afltlhnllc Reflnmn Den. & Edisor El. Tium. 45 . Pub. !ervlce 5‘25"10313 m 5 ‘l)lncb‘\‘u Gons. ou",n 193 anadium Corp 5s 1941 Wabash Rwy. Co. 58 1930 Warner Bros 6s 1039 FREIGHT LOADINGS NEW YORK. April 9§ (P.—Revenue frewht cay loadings on railronds reporting T the week ended Avril 6 inclu e Week Previous Last A nl 6‘ week. vear. 1t 48 7 51 t. Paul vthern Pacifics 20.733 2 line loadings only. * | Groc Store pr vte. Distilled Liquors. | Doehler Die Cast. | Driver Har (k50c) ! Duval Tex Sulph. Eastn G & F Asso. East'n G&F pf(6). | Easy Wash Mch B | Eisler Slec Corp. . | Elec Bond&Sha | Elec BA&S pf ( | Elec BA&S ot (6). Elec Pwr As (40c) | Etec Sharhold’g. . | kquity Corp Fairchild Aviatn. | Falstaft Brewerv. Ferro Enamel 60c. | Fidelio Brewery. . Fisk Rubber. ... | Fla Pwr &Lt f.. Ford Mot Can (A) (K1%). 8 Ford Mot France.. 1 | Foia Motor Lta.. 2 Foundation(For). 1 Froedtert 5r & M conv pf (1.20)100s 15% n £l Ltd rets (K30 1-5€)0es 1 | Gen Invest Corp.. 3 Gen Pub Sve pf... 50s 28 Gen Tire & Rubber 258 49 5001 14% 28% 3w T 5 1% % * | Gen T&R pf A (6) 2008 90% orgia Pow pf(6)20¢ Glen AlCoal t1% 4 Godchaux Sug(A) 1 Goldtield Consol., 10 | tl & Fac Tea n-v (17). Greyhound (Del>, 6115 16% 17 " 608 1231 2 Gulf Ol of Pa Hartman Tobacco Hecla Mining.... Hayden Chm t13% Hollinger G 75 Horn (A C) Co Horn&Hardt 1.60, 100- 24 23 Horn&Hardt pf(7) 508 106% 106% lDS!y Hudson Bay M&S 27 14 13% 14 Humble Ol (1)... 2 49 48%3 49 | Hygrade Syl (2)..100s 32% 32 32 391 lbh 8 5 29 2 l 111 Pwr&Lt 6% pf. 508 111 Pwré& Lt §6 pf. 300s Imp Chem Indus kifey..o . | tmp 011 La cowp (180€)....0000e | tmp Tob Can (t5234¢). | tnt1 Hydro Elec System cv pt 100s int1 Mining (k15e) Intl Mining war,. Intl Petrol (12) ! Intl UL (B). Lrving A C (pi0e) Jersey Central P&Lt p£(5%). Jones & Laugh Stl Kingsbury Brew.. Laxe Sh M (14) Lakey Fy & Mch.. Lehigh C&N(50e). Lerner Stores (2). Libby McNelll&l. Lion Ofl & Refiin. Lone Star G(plbe) 19 18% 19 18% 19 18% 8 1 : | Long Island Light + | Long Island Light Df A (T)... Long Island Light pIB(6)... Louisiana L & Ex. Lynch Corp. . . Mangel Stores.... Mangel St pf ww. Mavis Bot (A)(r) Mead Johnson(t4) Mem Nat G (p10c Mohawk Hud 2d pt 25| Moiyodneum . 86 Mont erd(A)(') 408 136% 186‘6 l!fi‘u Mount Prod (80c) 1 4% 4% s Nach Spring p50c. 8% Nat Kella Hess 1% Nat Bond&Sh t13% 1 31% | Nat Container (2) 50s 20 [ Nat Fuel Gas (1) 4 13% Nat Pw&Lt pf (6) 5008 59's Nat Rubber Inch % Nat Serviee . Y Nehi Corp'n 3% Nelson (Hermln) 1 5 N J 74ne «2) 2508 Newmont (p50c). 16 43% N Y & HRo (12).. 508 41 N Y Tel pf «6%).. 268120 Niag Hudson Pwr 47 4% Niagara Hudson Power Awar. 3 % 1 3 8% 1% 5 51% & 11% ! 5, | Stock and Sales— Dividend Rate. Add 00. High. !fl' Close. Nipssing(ki23e¢) S 2% W™ Noma Elec Corp. . 1 l\i 1% Nor Am L & P of. 360- % T Th Northn P&L (50¢) % % 5% Northern States Power (A). Northwest Eng. 8% Novadel Ag (2 21% 21 21% Ohio Ofl cu pf (6). 2008 97% 97% 974 Ohio Power pf (8) 50s 100% 100% 100% Pac Gas & Elec pf (1.37%) PaoGas & Elec. I1stpf (1%) 14 24% Pao Light'g pf(6). 50s 83 Pan-Am Airl)... 1 40% Pantapec Ofl...... 2 1% Parke Davis 11.79. 6 373 Parker Rust P(3) 300s 60's Pennroad Corp... 11 1% Penn W & P (3) 1 59 Pepperell Mfx 308 57% Pet Milk pf (7 405120 Phoenix Secur, 1 1% Ploneer Gold Mines Ltd (80e) M 9% 9 8 8% 2 22% 22% 120 1% 55 11% 49 10% 49 % 13 6 16% % 8% 39% 39 ~ooa W 61 6% 8 8 1% 1% Real vte 508 Pub Sve Ind $6 pf. 108 Puget Sound P&L$6pt. 708 Puget Sound P&LS6 1308 Pure Ofl pf....... 208 1 1 Reeves(Dan) &0c.. Reiter-Foster. Rogers Maj Col Ruberoid Co (1) St Re, Faper. . Salt Creek P (80¢) 6% 6l Seiberling Rubber 1% 1% Setected indus allot ofs (334) 800s 49% 487 Seton Leather.... 1 3% 3% Shattuek Den din 1 2% 2% Shenandoah...... 1 & & % Snerwin Will (3). 4258 85 841y 84% Singer Mfg(18%) 108239 239 239 Smitn (A O) 2008 56'% 56 564 Sonotone Cor; M 14 1% South Am Gol & Plat (40¢) South Penn O 1.20 Southn Calif Edispf Bi1%), Sou Nat Gas (r).. Southn P L (30c), 2 4 Stand O Ky(11%) 6 19% 1874 Stand O11 Ohto... 1050s.12% 1215 16 % 64 43 1% 6% 1% 49% 3% 2% 2 2 18 3y 12 24 3% 23% 23 4 23 4 W 22% 4 3, | | in <tock i Stand Silver & Ld. LA Starrett Corp. ... % Dlvldand hu moo. Righ, lav fl-. Starrett Corp pf.. . 20 3% Stein Cosmet (r). 1m 34 1 13% 16 33% 24% 21% “w % % ¥ 2% 3% 36% 2 ¥ % 1% % % » 1% @2 1% 1% b 34 T4% % % 43% % Sunshine (#8e) Swift & Co (17 Swift Intl (3) Tampa Elea (3.3¢) Technicolor. Teck Hughes(40c) Texas Gulf Products(b10%) 1 Tonopah Mining. . Trans Air Tr sta. . Trans-Lux Daylite Pleture Sn' (20e) Tubize Chatillion, Tung-Sol L pf (3) Unifon Am Invest. 100s Union Tobacco. .. Unit Carr F (1) . Unit Gas Corp pf.. Unit Lt&Pwr (A). Unit Lt&Pwr (B). Unit Lt&Pwr pf. . 200- Unit Milk P pf (3) 50s Unit Shoe M(1434 2758 us Elec Pwr ww.. 1 sk Intl Snur. « 1 US & Internat’l Seeur 1st pf ww 100s USLinespf...... 8§ U 8 Playing Card (11.75) 100s Unit Stores vte... 1 Unit Verde Ex d0s 4 Unit Wall Paper.. 1 Utilities Pwr&Lt. 3 Utilities P&L pf. . 2008 Utility Equities.. 2 Utility Ea 0f(3%) 76s Utllity & Indus pf 1 Waco Alrcraft, Walker (Hiram).. Walker (H) pf(1) W Va Coal & CCoke Western Auto Supply A () Wright Har(16 57 Hfllfll lll. in dollar: semi-an 3% 55 8% 55 8% 84 Ay i m-enl lhnblo ln n.n or ltocl g I m}- v 11 PIECES FOR THE LIVING ROOM, Consists of London style Sofa and Chair covered in Tap- estry, Occasional Chair, Table Lamp and’ Shade, Floor Lamp and Shade, Occasional Table, - Book- trough End Table and a Bridge Lamp and Shade. Sells this group separately for only 8-PIECE MODERN KIT- CHEN OUTFIT, ‘exactly as pictured, with 3-Burner Gas Stove with even, Enameled Kitchen Cab- met; Drop-leaf Table with Four Chairs to match and 2 Congoleum Rug. This STUDIO COUCH 82]_.75 Cmnd in choice materials with erne style-wi Construction, Mod- corners. ER Sprin S0e & Week! alhll‘ NEW YORK CURB MARKETWH[]L[SA[HND[X AGAIN ADVANCES Fertilizer Association Sets Figure at 77.7, Against 77.2 Week Ago. The wholesale commodity price in- dex of the Natlonal Fertilizer Asso- clation again advanced last week, rising to 77.7 per cent of the 1926- 1928 average, compared with 77.2 in the preceding week, 77.9 a month ‘ago and 7L1 a year ago. The rise in the index last week was largely due to advances in foods and agricultural products; the princi- pal advances occurred in the foods, grains, feeds and live stock and fats and oils groups. The only otber group to advance was metals, which showed a very slight increase. Three groups, fuel, textiles and building materials, declined during the week, but in each case the recession was slight. The foods group led in the number of advances, with nine items in this group moving upward and three de- clining. Eggs showed a contra-sea- sonal rise and increases also occurred in sugar, ham, flour and potatoes. Eight commodities in the grains, feeds and live stock group advanced and six declined; grains and live stock were generally higher, while % hay and feedstuffs were lower. The fats and oils group again ad- | vanced last week, rising to 82.8 from |79.5 in the preceding week, with the rise due to higher prices for butter and coconut oil. Higher prices for tin and silver resulted in a slight advance in the metals group. Cotton prices were slightly higher during the week, but the advance was more than offset by lower prices for cotton goods and wool. Twenty-five commodities advanced last week and 23 declined; in the pre- ceding week there were 33 advances and 21 declines; in the second pre- ceding week ' there were 15 advances and 32 declines. —_— STEEL SCRAP REDUCED AGAIN AT PITTSBURGH By the Associated Press. NEW YORK, April 9.—A slackening in demand for steel scrap and large inventories held by mills has resulted in another downward revision of prices in Pittsburgh, according to re- ports to metal markets here. Num- ber one heavy melting has been re- duced 25 cents a ton to an average of $11.50 a ton, which compares with the high average this year of $13.75. FOREIGN MARKETS. By the Associated Pres: LONDON —Cheerfuiness and _activity Yas meintajned on the stock exchange today due etter employment, fgures and budset, hoj ties. es- pec shy were -supported by Sout] rican buyers. The closing wes firm BARIE Prench stocks were duil and rentes dropped slightly during the hesi- nt trading on the Bourse today. Inter- stional issucs strensthened somewhat and the market closed irregular. BERLI in the 241 centum influenced trading on the Boerse. —Prices Were Bighuly better ‘and the market closed ull. U. S. TREASURY POSITION. By the Associated Press. The osition of the, Treasusy o8 Avril nts, 6 ‘was: Receipts, $: I $24.651.05; Baiance, $2.458 024, _customs’ receipts for the month, 791756 » JReceibis for the fiscal year (since July 145,665 9613 unenfluuul $5.180, Uincluding _$2,650.044.101 eo( t O icess of ex: Bendiures. 0. ol ‘assets, 5 580,184 P Receints for April 6. 1934 (comparable e last year). $10.606.211: expenditures 31 683,947 net balance. $4.711.6K0.R16: cusioms recelpts for the month. ‘34 164: 1pts for the fiscal i R5ES expenditures. $5-03K 193,474, in. cluding $:.007 8K8.169 of emergency penditures: excess of !xntnflll\l"l 674, 130,697, gold assets, 17.246.1 GETS $411,000 CONTRACT. NEW YORK, April 9 (&) —Allis- Chalmers Manufacturing Co. has been awarded a contract for installing a generator at the Columbus Nebr, power house on a bid of $411,000. The projecl. is part of the Loup River Fed- eral program. | SHIFT IN BUYING POWER OUTLINED Farm States Show Largest Share in National Rise of 28 Per Cent. BY JOHN A. CRONE. Special Dispatch to The Star. NEW YORK, April 9.—The buying power of this country today is about | 28 per cent greater than a year ago ! and about 53 per cent greater than | 3n¢ two years ago, but this ability to spend is differently distributed than | 0 it was in 1934 and 1933. The agricultural States again record the largest increases in spendable income, if New York, California and | Ohio be excepted, though the severe drought of last Summer and dry weather this year are adversely af- fecting the ability to buy in certain Western and Southwestern States. The leading States, in point of estimated gains in dollar buying power over 1933, are: New York, California, Ohio, Illinols, Texas, Michigan, Minnesota, Indiana, Con- necticut, Pennsylvania, Wisconsin, Massachusetts, Missourl, Georgia, | Iowa and Maryland. The list show- ing gains over 1932 has this ranking: New York, Illinois, California, Penn- sylvania, Ohio, Texas, Michigan, Massachusetts, Wisconsin, Iowa, Min- | nesota, India New Jersey, North | Carolina, Missouri and Georgia. The advent of repeal, the better | tobacco trade and higher prices paid | growers, the cotton, corn and hog processing programs; the brightened | prospects for dairying and its prod- uces and stimulation in the auto- | mobile industries are quite evldem] from a study of these income sta- tistics. The manner in which the drought hit certain sections is also | observable. | A study of these spendable income estimates by States reveals that Texas | last year forged ahead of Michigan. ' Connecticut and North Carolina out- distanced Washington. Oklahoma, Maryland and Georgia pushed ahead of Kansas. Kentucky and Tennessee, thanks to repeal and tobacco, moved up in front of Virginia and Nebraska. The ranking of the leading States in total spendable income in 1934 and their cmngu from 1933 and 1932 follow: New York. $10.002 507.00 45~ 748000 from 1033 and 92201 0000 from, 1932 l”fimmyl;l;ll non".'l’muml and $1,082,020.000: Tlli- Mfilyv 3,000, 127.000 Gsn" am rmu N-- 5..5, 060 H13.000 and $50 S081.184.000. 3 N 715,000, up 000: Ieryl;nd (Qopyright. 1935.) |UNION PACIFIC PLACES LARGE ORDER FOR RAILS By the Associated Press. NEW YORK, April 9—Union Pa- cific Railroad Co. has placed orders for 19,500 tons of rails, it has been announced. The business was placed with the Tllinois_Steel, Inland Steel and Col- orado Fuel & Iron companies. Additional rail orders include 2,000 tons from the Kansas City Southern Railway to Illinois Steel and 3.000 tons from Western Pacific Railroad to Colorado Fuel & Iron. B. M. T. SEEKS NEW CARS. NEW YORK, April 9 (#)—The Brooklyn-Manhattan Transit Co. has requested the Transit Commission to approve proposed orders for 25 articu- lated five-section train units, of which Pullman-Standard Car Manufactur- | ing Co. would build 15 units and the St. Louis Car Co. 10 units. —AT THE HUB FURNITURE CO. 3 ROOMS ALL FOR 197 A triple-value triumph! Due to our tremendous buying powers, we are able to offer this entire 30-piece outfit at such a sensationally low price! Now, you can -furnish your entire home, on our EASY CREDIT TERMS! Don’t miss this opportunity! Note: Thess groups are priced individually for those who do not desire the entire outfit. Aehnilivie. Co- 11-PIECE MODERNE BEDROOM OUTFIT—Consists of Bed, Dresser, Vanity, Chest of Drawers and Bench in genuine walnut veneers, artistically finished and decorate modernistic Boudoir Lamps, guaranteed Steel Spring, comfortable Mattress and two Pillows. This group priced separately for Only cincomecanacscnsancoananacarse 5-Piece BRIDGE SET 38.95 Srurdnlz built, Folding Table and olding ‘Chairs, with padded seats and backs.