Evening Star Newspaper, April 11, 1935, Page 17

FINANCIA METALS ADVANCE IN CURB TRADING General Market Irregular. 0il Shares Steady as Utilities Decline. By the Associated Press. NEW YORK, April 11.—Metal issues | pushed into higher territory on the Curb Market today, but prices in the general list were irregular. Utilities ‘were a bit lower, while oils moved on a fairly even keel. Sunshine mining advanced a point accompanied by volume dealings. Bunker Hill & Sullivan gained as much, while ®Lake Shore improved {ractionally. Fajardo Sugar rose nearly 4 points on light buying. Fractional declines prevailed among shares of Technicolor, Swift & Co., American Gas & Electric, Electric Bond & Share, Distillers Corp.-Seagrams and Pittsburgh Plate Glass, BONDS ON THE CURB MARKET. DOMESTIC BONDS. | Bish. Low. Noon. Sa o 100 D0V 993 993 100 ° 100 1005 B ¢ ’- 98% 09 Com Edis 5s Com Edis_s Com Ed 5'as w Gatineau Pw s Gatineau P 6s B Gen Pb Ut l)‘zs A ‘6 Gen Refr us 109% 109% s 104 10414 100 1003 10013 kagle Pitcher Ld. Ind El 55.C 31 Ind Gas_5s A '3 441 lll " 10235 10473 10413 BRTA 6Ri3 - = 55 58 100 100 100% 1007 903, 45 Intersta Pw Intersta_Pw Int 100 1004 903, 931z Thaiz 10513 106_° 106 106 1063 106% 101 ] 955 06 By private wire direct to The Star. Stockand Sales— Dividend Rate. Add 00. lllh Air Inv,_Inc war.. 1 Ala Pwrpt (1)... 60s Allled Mills. Ine.. 4 Alum’n Co of Am. 100s Alum pf (1%). . 2508 Alum’'n Goods 40c. 1 Am Book Co (4).. 108 Am City Power &Lt (A) (a3) 50s Am Cities Pwr & Lt B (k10c) Am Cynam(B)40o Am Founders. .... Am Founders 1st pf (D).. 258 AmGas& E11.40. 16 Am Gas&El pf(6) 4758 Am Inv, Inc war.. & Am L&Trac1.20. 4 Am Maize P (k2). 5\)- Am Maracaibo. . Am Meter Co. 4 16 2 Am Potash & Ch..125s Am Superpower.. 24 Am Sup’pwristpt 3 Appalachan Elec Pwrpf (7)..... 608 Ark NatGas (A). 2 Art Metal (k26c).. 11 Asso Elec Indus Ltd (k103-5¢) 4 Asso Gas&E) (A)., 2 Atl Coast Fisher, 13 Atlas Corp(A)(3). 1 Auto Vot Mch §0c. 1 Ax-Fisher(A)3.20 100s —_— Blue Ridge Corp.. 1 Bridgeport Mach. 1 BrownCopf..... 50s Brown Forman... 1 6 Buff NSEP pf1.60 1 18 Bunker Hill&Sul. 11758 36% Butler Bros...... 2 6% Cables & Wireless PE (kY 9-10c) . Can Indus Alco A. Can Marconi. Carrier Corp.. Catalin Corp. 5% 5% Cent States Elec 6% pf xW. l': l‘i Charis Corp (1%) 13% Chesbrough 1615 . 300s 120 120 Chicago Mail Order (114%)... Chiet Consol Chuds Co pt. 4% 9% 1% 1% 9% 1% 17% Cities Service pf.. City Auto Stklve. 1 Cleveland Tractor 1 Colt's Pat F A 1% 1258 Coluinbia Gas & Elec cv pf (6) 425- | Columb O & G Ve Com'with Ed 4). Comwith&So war, Como Mines Cons Atrcraft. E Th Cons Copper. ..... 2 Cons Gas of Balto (3.60) 6 61% 60% 60% Consol M&S (3%) 108135 135 135 Cons Royal (20c, Lo 1% l!fi Cord Corp. . 3 24 Corroon & Reyn.. 3 2 z Crane& Co.......150s 9% Creole PetroI'm.. 21 11% Crocker \\‘nealer. 1 o Croft Brewing. . 1 1a | Crown Cork inti (A) (m75¢) Cusi-Mexicana M. — Darby Pet (50¢). . Disulled Liquors. | Listillers Crp-Sea Doehler Die Cast. Dow Chemical (2) Driver Har (k50c) | Duke Power (3).. 5 Duval Tex Sulph. —_— % 11% % 1 9 2 5% 164 15% 124 85% 14% - 2a Eastn G & F Asso. Eilec Bond&Share. Elec Bd&S pt (5). Elec BA&S vf (6). Elec Pwr As (40c) Elec Power Asso (A) (40c). ... Emp G&F 7% pf. Emp G&F 8% pt { kquity Corp...... European Elec Lid deb rights Ex-Cell-O A&T'col — Fairchild Aviatn. 3 Fajardo Sugar... 1758 | Fanny Farmer | _Candy (1313%c) 1 | Ferro Enamel 60c. 5 Fidelio Brewery 8 Fire As Phila (2). 25s Fisk Kubber. 3 Flintcote A p25c. 17 Fla Pwr &L pt.. 250s Ford Mot Can (A) (k1%). 12 Fora Motor Ltd.. 1 Froedtert 3r & M conv pf (1.20) 450s Gen Alloys. Gen Invest Corp. Gen Tire & Rubber 258 Gen T&R pf A (6) 100s o mamfiae R moRo - [P o024 10633 10 Neb Pow. s A Neisner Bros tis Nevada Calii 5s Ne G&E 25 % Orleans 4’“ ¥ Cent Ei 512 NYFuE 4 2 10i% 10 158% od 10014 10 106 . 1;('“”‘ lllfl IINJ 55 4 Ohic Edison” 55 Ohio Pow_5s 10642 101 5 um‘\Z Togss 11;3‘/". &N T 1050 wu 105 D T95Y 95 Hul: e '4 3 1 71 742 B ma" x-)o». uv.:’ T L 110% 110% ll() 105'/: 195% 10 ws‘@ 8% 90 1 108% 1033 105% I. . 105% 105% 105% ), 3 10705 107% 1073 1073 107% 5% 45 | d5Y .'.f wm mm mm T ABv BNy, 108% mz.mait L1047 104% 103% 104 I(M‘h 8715 "87% " 87 73l2 7288 72 lgl 101% 101 E 90! 10412 10415 10472 £100 " 100 ] wl! P Ser A' 2 York' Rowy ‘bs V37.. 8% 86 xw— Without nts. & pipr ey Wi—When issued. mmu-hmu lm aired by maturity. fCompanies uma’m receivership, | Georgia Pow pf(6) 50s Glen AlCoal 1% 7 jodchaux Sug(A) 1 Godchaux Sug (B) 1 Gorham (A) .. 2 2 { Gorhm vtc ex Great Atl & Pac Tea n-v (17). Greynound (Del}. Gulf Oilof Pa.... —— Hartford Elec Light (2.75). Hazeltine Corp(1) Hecla Mining. ... Hollinger G 175¢. . Hudson Bay M&S Humble 011 (1)... Huylers of Del 7% pf st (4) Hygrade Syl (2).. 2 —_— Illum Shgs A (2). . lmp O11 Litd coup (130e)......... imp Tob Can (162%c). indiana P L (30¢) . Indian Territory 1llum Oil (B) tnsurance Co of North Am (3) tntl Mining (k16e) int! Mining war. . Intl Petrol (12). inu Products. ... Irving A C (p10c) Ital Superpowr(A — 50|12n 126 125 37% 36% 3 4 57% 57% % 58% 8 8 16% 14% 48% 21 Jersey Central P&Lt pt(5%4). Jones & Laugh St —_— Kirby Pet (p10c). Knott Corp. . Kress (S H) special (60c). LakeSh M (t4)... Lehigh C&N(60e) Lerner Stores (2). Libby McNeill&L., Lion Oil & Reflin. Lone Star G(plbe) Long Island lem Petrol'm victA) 4 Mia West Uti) (r) Minn Mining & Mfg (60c)125s UK 14% Mohawk Hudson 18t Df (4) 50s 39% 89 ’89 Molybdenum Corp 35 12y% Mont Ward(A)(7) 20s136% llfl( l“K Mount Prod (60c) 1 4% 4% 4% Mount State Tel & Teleg (3) 10s 1061 106% 106% Murphy Copf (8). 258116 116 116 Nat Bella Hess... 12 1% 1% -1y Nat Bond&Sh t1% 2 31% 31% 31% Nat Dairy pf A(7) 50s106 106 106 Nat Fuel Gas (1). Nat Pw&Lt of (6) uo- 61u 57 Nat Rubber Mach. Nat Bervice saers 28 t NatServicepf.... 3 % Nat Transit (70¢c). 1 7% Natomas Co(60c). 12 10% 57% % % & i % s 1“ % A % | Sunray o1l .. 2 13% 18% 18% | 26 oS Bales— dcad Rate 40400, Blan. Low. Close N.ptuno Met(A). 2 T% 17 4 NJZinc (3)......2008 50% B0% 60% Newmont (p50c). 19 45% 43% 44 NY&HRo (12)..750s 43 41 42% N Y Tel pf (6%).. lBll!fl 120 120 Niles-Bem-Pond. . Z ll% ll 11 Nlbldnl(lll*fl) 12 2% 2% Noma Elee Corp. . 1% Nor Am L & P pf.. 1508 'm % Northern States 2 9% 8% 40% | Niag Hudson u ™% Power (A). % Northn N Y Utfl PE(T)..... 108 T4 T4 T4 Northn P&L (50¢) 1 5% 5% 6% Northam Warren conv pf (3)... 26s 38% 38K 38% Northwest Eng... 1 8 8 8 — Ohio Brass B kf0c 758 21 m ll ©Ohio O1i cu pf 1008 Ohio Power pf (6) 10s 100'»6 IW% IW'A Pac Gas & Elec 1 224 1stpf (1%) 3 24% Pacific Pub Svepf. 2 11% Pan-Am Alr1). 1 40 Pantapec Oll...... 2 1% Parke Davis t1.70. 5 37% Parker ast P(3) 2008 60% Pennroad Corp... 4 1% Penn W&P (3).. 1 59% Perfect Circle (2) 100s 38% Phila Co (80c) z2 6% Ploneer Gold Mines Ltd(80¢). 7 11% Pitney BoP (20¢) 1 5% Pitts & LE (1%). 10s 56 Pitts Plate Gl (2) 1508 49% Premier Gold 12¢. Prudential Invest Pub Sve (Col)pf 6 Pub Svc Ind Pure Oil pf. Pyrene Mfg ——— Sat Car H&Lt(k3) St Regis raper. .. Salt Creek P (80c) Segal Lock & H... Seiberling Lubber 2 Selby Shoe (1.60).100s 324 Selected indi T Selected Indus allut cfs (334).3008 50 Select Ind pr(33) 1008 49% Shattuck Den 4in Sheaffer Pen (pl). Shenandoah pf... % Sherwin Will (3). 250s 35% Sonotone Corp.... 18 2 South Am Gold & Plat (40c) 22 Southa Calit Edispf Bi1%).. Soutnn Calif EdpfC(1%) 4 20% Southi'd Roy 126¢ 1 513 Stand Oil Neb.... 1 8% +. 3008 148, Stand Oil O pf (6) 100s 92% Stand Silver& 4d. 67 m StarrettCorp..... 3 % StarrettCorppt.. 3 2% Stein(A)&Co p2bc 100s 125 Stuts Motor...... ¥ % 17 1% Sunshine (30¢)... 149 15% Swift & Co (175¢) . 9 16 Swift Intl (2).... Swiss-Am Elec pf 100: 65 Swiss Oll «4ve)... 12 2% — Tampa Elec (2.24) 1 25 Techaicoior, Ine.. 32 21 Teck Hughes(40c) 15 4% Texas Guit Products(b10%) Texon O&Ld(60¢c) ‘fob Prod Ex(10¢) Tobacco Secur Ltd def(k17%c¢c) Todd Shipyard (2) Tonopah Mining. . ‘Trans Air It sta. . Trans-Lux Daylite Picture Sn (20¢) Tri-Contl Cp war. Lubize Chatillion. Tung-Sol L pt 13) —_— Union Am invest. 300s 21 Unit Founders... 15 3 Unit GasCorp.... 14 13 UnitGasCorp war 2 UnitGasCorppt. 5 42% Unit LW&Pwr (A). 5 1% Unit LtkPwr pt.. 400s 5 Unit Molass Ltd (D6 3-5)........ 4% Unit Shoe M(143% son T4t US Elec Pwrww. 1 n U S Playing Card (11.75) 100s 34 U S Radiator pf... 258 12 Unit Verde K 4Uo 15 3 Utah Apex. uuuuu P&L D!. 600. 3% 1 22y 1 6% ———— Venezuela Petm. . ———— Waco Alrcratt.... Walker «Hiram).. Westa Air Exp(n) Wil Jones (p75c). Wright Haii6ve) ——— Yukon Gold. Div, quartely ¥e | 1% lsted on the Ourb SaT 10 as Shiiias tesies T RS Hvtend EXCHANGE WILL CLOSE DOORS ON GOOD FRIDAY By the Associated Press. NEW YORK, April 11.—The Gov- erning Committee of the New York Stock Exchange voted today to close the exchange on Good Priday, April 19. Other security markets will sim- ilarly observe the day, and some of the local commodity exchanges will suspend trading sessions both on Good Friday and Saturday. Various markets in other leading centers also will remain closed on Good Friday. e 2% |NEW YORK BANK STOCKS NEW YORK. April . counter market. “TBenk lavq Tron” eome and panies. Opening bld and nnd prices: ork Trust Title Guaranty & Trust.. —_— FEDERAL LAND BANKS April 11 (A.—Federal Llnd lunk bonds: o\ Guotations as of 2 o'clock.) 7, & Nov. 1041-31... 10} s Yanusky 1500 23 1 m.n/. 3 : {uu- = ‘_;;n Easstip & W e & *: s July, xuo-lqu... 3%s May, 1955-45. m.. ESssaseagecese oy -é'x.‘*%.:.:' uni home decreased 311.000.000, ro:d 3 bills erzned 000, cxrenuho':"n it accounts A e &'fim ll l“ -m.n'.lu 19. 14 # ;'E:,m:aq : uwxzwfi"fig‘" NEW YORK CURB MARKET!(| \R MOVES P ON WORLD MART Acceleration of Production Also Expected as Result of U. S. Boost. By the Associated Press. NEW YORK, April 11.—A further world-wide rise in silver prices and acceleration of production was seen in Wall Street today as the probable consequences of the Treasury boost in | its price for newly-mined silver from domestic mines to 71 cents an ounce. ‘The world price quickly resumed its climb. Foreign bar silver for com- mercial use in New York sold at 66 cents an ounce, up 1% cents from yesterday’s final bid of 645 cents, and the highest since 1926. Later Handy & Harman, leading bullion brokers, posted a price of 65 cents. In London the price rose 3 of a penny to 2911-16 pence per ounce, equivalent to 64.745 cents an ounce in New York, based on the opening rate for sterling. Silver dealers here said D. C., THURSDAY, the London price would probably ad- just itself gradually to New York. Pflu mn-t st-e. l'll. mlnes u me hl.h-t prlea they have received since 1925, and higher than the average for any full year since 1920, which was the fag end of the post-war inflation. That had carried the price in 1919 to a peak for 40 years or so at $1.37%. ‘The 71-cent-an-ounce price for sil- ver was explained as affecting only a small part of world production—that from American mines. But in view of the fact that the jump in price to American mines was prompted by the climbing world price, which, in turn, was attributed chiefly to foreign pur- chases by the United States Treasury, Wall Street silver dealers thought it was another major step in Washing- ton’s program of restoring silver to an important monetary position. How high the price might event- ually go was said to be largely a mat- ter of guesswork, dependent upon the final decisions in Washington and a number of incalculable factors, chiet among them being the price which would bring a large part of the silver hoards of the Far East onto the mar- ket. Effects Are Widespread. It was pointed out, however, that the statutory price for silver, based upon the amount of silver in the sil- ver dollar, and now purely a theo- retical price, was $1.29 an ounce. Furthermore, mining experts here APRIL 11, 1935, sald that there were many small min- In( mperflel in the West which could be profitably operated with silver mlu:l: under a dollar an ounce, and they thought the pressure from the silver mining could scarcely be expected to abate until silver gets within striking dis- tance of the statutory price. Thus far, monetary experts said the silver program was not partic- ularly inflationary, but they saw in h. distinctly inflationary possibilities if vigorously pursued over a consid- erable period. Possible repercussions from sbroad were awalted with interest. It was ‘pointed out that the rise in the price of silver had already embarrassed the banking community in Shanghai, where the currency has been on an actual silver basis, but that the sit- uation had been brought under par- tial control by the imposition of a silver export tax. London Price Soars. LONDON, April 11 (#).—The price of silver today touched the highest mark in nine years, bringing 29 11-16 pence an ounce, % penny higher than yes- terday, owing chiefly to President Roosevelt's announcement of increased buying price. This stimulated buying in China and India by speculators who steadily have been absorbing the metal here in the past few days on the assumg- tion the United States, which hith- erto has been supporting the price, would continue to do so. It 15 your inde- Bendent T us! C. D. Kenny Co. 408 12th St. S.W. National 0395 Seans /Vill Arrange an F. H A Loan for YOU! Borrow $100 to $2,000 for Home Improvements THE FEDERAL HOUSING ACT Makes it Easy to Save at Sears . . . 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