Evening Star Newspaper, April 30, 1935, Page 13

CURBLIST TAES UNEVEN COURSE Modest Rally in Some Lead- ing Industrials Is Late Feature. By the Associated Press. NEW YORK, April 30.—A modest rally in some of the leading industrial shares featured late Curb market trading today. In other divisions of the list early Irregularity prevailed with closing quotations mixed. Trading was moderately active. By the Associated Press. CHICAGO, April 30.— Strength whicn developed late today in the price of May corn had more or less rallying effect on grains in general. Scarcity of offerings of May corn became very evident, and previous speculative sellers switched to the buying side of the market. There were also late reports of duststorms in Kansas and Saskatchewan. Corn closed nervous, % off to % up, compared with yesterday’s finish, May ; wheat, '4-3% down; May, : oats at !¢ decline to Y4 advance, and provisions varying from 10 cents setback to a rise of 2 cents. WHEAT— Open. Close. May ..... .09 001, 1.00% 8R% R43, B0t OATS— May ..... 4 L.oo 41 Beptember,, .. 16.60 16.62 Chicago Cash Market, Cash wheat, No. 3 red, 99'2; No. 2 ‘mixed, 1.031;; corn, No. 2 yellow, 90a 80%3; No. 3 white, 921,931, ; oats, No. 2 white, 50; rye, buckwheat, soybeans, no sales; barley, feed, 50a70; malting, 7021.05; timothy seed, 15.00a17.00 hundredweight; clover seed, 12.00a 17.00 hundredweight. Liverpool Grain Prices. VERPOOL. April 30 (P).—Wheat fu- tures closed easy. L. 1665 16.85 L 16.62 1665 NEW YORK. April 30 (# —Copper gm: electrolytic, spot and future. Blue gle. 9.00. Tin firm East St. Louis, 3.60. Zine Louls. spot and’ future, 4.10. Alum- inum, 19.00823.00. Antimony. spot, 14.25. MONEY MARKET. NEW YORK, April 30 (#.—Call money steady. 4 per cent all day. Time loans steady; 60 days-f months, Prime ‘commercial paper. 3. Rediscount rate. ceptances unchang Y. reserve bank. 1% per cent Alabama Pow 55 '56 Alabama Pow 5s ' 2 Aluminum 10631083 1go. " 100 4m 19pags er P & 0 0 2 413 Am Roll Mill s AR1Z ADrlllch Pow. 3 )5 105 Aple 107 100 102 6 58 10534 105% 1 10934 10834 1 A9%5 9! <+ 1013 1013 1015 o 2 7 7l nsm_Power Co [ Cont, g G&E 55 A '5 n Intersta Pw 58 '57. Intersts Bw 6e 83, nter P 8 S 2BAID1I Dk DI RO DN ERETEEF EEE 155555523, EARZ IR BED 120 Apals 3R o2 L > SIRT SRS gk ,.E wErgd 2y el o~ E L) o] S3agxaz0es e 032 103 AR RS W gz o Py 22z a1 108% 10 102 .log Stock and Dividend Rate. Acme Wire vte. ... Aero Supply (B). Ala Pwrpf (7)... 108 Allfed Mills Inc 6 Alum’n Co of Am. 3008 Alum'n pf (1%).. 508 Am City Power &Lt (a3) A..200s Am City Power &Lt (k10c) B 1 Am Cynam 40cB. 9 Am Founders.... 1 Am Founders 1st pf (B).... 258 Am Founders 1st pf (D)... 1268 AmGas&E1.40.. 19 Am G &Epf (6)..175s Am Laundry(40c) 200s AmLt&Tr1.20.. 4 Am Maracaibo 1 Am Meter Co.....1508 Am Superpower.. 3 Appalachan Elec Pwrpf (7)... 50 Ark NatGasA... Armstr Cork(50¢) Art Metal (k26c¢) . Asso E 1 (p213c). Asso Gas & Elec. . AssoG&E (A)... Atlas Corp....... Atlas Corp war. Ax-Fisher 3.20 e » SneownSmwns Babcock & Wil 40¢ 50s Bickford's Inc (1) Blue Ridge pf(a3) Bower Roll B (1). Brazil Trac L&P. Brill Corp (A)... Brillo Mfg (60c). Brillo Mfg (2) A. 1008 Brit-Am Tob cuB (p5e¥e).. 1 Buckeye P L (3).. 508 Bulovaconvpf... 1 Bunker Hill&Sul. 450s Butler Bros. ..... 1 8 2 2 1 1 falambraSE t2.60 1 Can Marconi. 1 Carib Syndicate 1 Carman & Co (A). 3008 Carrier Corp. ] Catalin Corp. Cent Hudson G & Ectfs (80c).. Cent P& L 7% pt (m1%). Cent States Cities Service Cities Service pf.. Clev Elec Illu (2). Cleveland Tractor ColonOil........ Columbia Gas & Elec cv pt (5) Com'with Ed (4). Com’with&So war Community P & Lt 1st pt Como Min Compo Shoe Mach s.tc.(50¢). Cons Aircraft { Cons Copper. . Cons Gas ot Balto (3.60). Cooper Besseme! Crane & Co... Creole Petroleum. Croft Brewing... Crown Cork Intl (m75¢) A Cusi-Mexican ——— Darby Petr (50c). Dictograph Prod. Distillers C-Seagr Doehler Die Cast. Dow Chemical (2) Dubelier Condens. Duval Tex Sulph. — Eagle Pitcher Ltd East'n States Pw. Easi'n States Power (A) | Elec Bond&sh Elec Bd&Sh pt (5) Elec Bd&Sh pf (6) Elec Share pf ww. Eastn GRF A pt 6. Emp G&F 8% pf.. Equity Corp....... Ex-Cell-O A&Tool ——— Fairchild Aviatn. Fajardo Sugar. .. Fanny Farmer Candy (131%¢e). 4 Fedder f; 1 Ferro Enamel 60c. 22 Fiatrets (p81%c¢c) 1 Fidelio Brewery.. 7 3 508 Sales— Add 00, Bigh. Low. Close 2 14 14 +& | Gorhm vte ex pilc 29 38 26 9% % 22% Th ™ 8 8 1 91 % 10% 198, 231y s % 10% % 10% 19% No 8tat P i Northw_El_ 6s 1‘3-15‘0 Nor 5 L SatrEaz 29 Pa O PAL 84s '3 Bend Bower 5488, s 09 "9y E '80.. as P '81 il 6%2s H '52 k] D '57..1 - oo 00t o L] oomozzzzs g i 55 B 5 8 Di GE 6%s D 8 Joa L&P 65 B '52 1 106% 10534 101% 101% o D RN S S RPN SD S C BSOS S D! £33 IS 338582 S BRDe IS TR E B - [y ey SapesEe SS o 2EISSS RS R SEESS SR R S AT R R I B L AIR RS S DR NGB RAA RS == S e S e bt 255! 2253 W 0234 102% 10212 72 7 _?. 882 1081 100 973 963, 983% 10243 10244 1024 106 b 1 1 1 1 1 1 1 ,..__ s SBISSRERSoennss o) SE3aganser §Ees23a03 e X Stinnes 7 Un Ind o‘ 68 oy §3§ 106% 106 152 91% 9115 05% 105% 105! 05% 105% 105! 063 1065, 106% 0713 107% 107% 235 102 933, 92" 92 93" 92 93 01% 101% 101% 01 101 lgé 21210 SRR = SRS i S5IS323830% SonoDo0: SBDiBo: ) SRS EEE R o SRR SRR SRS R 39135 - = - $EgRsas *OSER ht o) L 22283835 FREEEE BRRROS SRSITRERES: [y it 00072 . ~ = 53 222 ot 2203 §Re255.23 53 Exzeatae & oy 3223 # SRR s iss: RERBo _THE EVENING STAR, WASHINGTON, D. €, TUESDAY, APRIL 30, 1935. NEW YORK CURB MARKET By private wire direct to The Star. Stock and Sales— Dividend Rate. Add 00. High. Fisk Rubber..... 16 7% Flintcote A p25c. 2 16% Fla Pw&Ltpf....100s 18% Ford Mot Can w. Close. 6% 7 165 16% 18% 184 12 27% 26% 26Y% A A o Ford Motor Ltd (p17 7-10¢) s Gen Alloys. 1% Gilbert (A C) 1% Glen Al Coal 7i%4. 15% Goldfield Consol . . 15 123 128 40 8% 8% 8% 14 % 15% 7 % * 115 15 ‘108123 Great Atl & Pac Tean-v (17). Great Atl & Pac Tea 1st pf (7) Greyhound (Del). Groc Str pr vie... Gulf Oil of Pa 108126, 126 126 9 43% 42% 43 % . 59% % 60 Hartford Elec Light (2.75) ... Hartman Tobacco i Hecla Mining.... Hollinger G t75c. Holophane Co.... Horn (A C) Co... Hudson Bay M&S. Humpble Oil (1) Hygrade Food. Hygrade Syl (2). —e 11l Pw&Lt 6% pt. Imperial Oil, Ltd coupon (180¢).. Indianapolis P&L cum pf (6%). Indian Territory Hlum Oil (B) Insurance Co of North Am (2) Inti Mining (k15¢) Intl Mining war. . Intl Petrol (72).. Intl Safety Razor (B)(25¢).... 1008 Intl Util (B)..... 2 61t % 11% 16% 1 3 1% 16% 50% 2 81 23 16% 84 2 1 1 2 18 Jersey Central P&L pf (5%) 268 Kirby Pet (pl0c). Kreuger(G)Brew. Lake Sh M (T4)... Lakey Fy & Mch. Lehigh C&N(bve). * Lerner Stores (2). Libby MeNeill&L. Lone Star G (pl6e Long Island Light Long Island Light PLA(T)..... Loui L&Ex.. Lucky Tiger CGM (f20¢). 60s 17 3 McColl Front 80c. 100s | McWilliams Dr (2 200s | Maryl'd Casualty. 1 Mavis Bot (A)(r). 16 Mayflower As (2).100s Mead Johnson(t4) 1 Michigan Sugar.. 4 Mich Sug pf...... 3 Midland Stl Prod. 1 Mid West Util CVPLA(r)... 2 % Mid Roy-¢ pf m501008 8% Molybdenum..... 6 12 11% Mont Ward (7) A.140s 138 138 Montreal H Lt & Pw(l%).... 1 27 Mount Prod (60¢c). 2 4% 1274 3213 1% - 443 1% 4l 9 A 81 11% 138 27 % Nat Bella Hess... 12 1% 1% 1% Dairy pf A(7) 1508 108}, 108} 10813 NatFuelGas (1). 3 % 14% 1 1 608, 60% 2913 281 10 10 3% 3% 49 49 47% 484 64 65 27 EL Natomas Co (60c) Nehi Corp........ NJZine (2). Newmont (p50e¢) . N Y&H Ro (11%) 700s . 2 14% 14% 143 T% 117 1 100s11° 117 6 4 3% 2 13% 13% 7 2% 100s 83 83 258 28 28 1 8% 8% 1 21% 21% 3% 13% Nipissing(k123¢) 28, Nor Am L&P pf.. Nor Am Mate (1). Northwest Eng Novadel Ag (2)... Ohio Oil cu pf (6) 1005103% 103% 1035 Pacific Eastern... 3 Pac Gas & Elec 1stpf(1%).. 9 24% Pac Light'g pf(6) 75s 88% Pan-Am Air(1).. 8 41% Pantapec Oil. 1% Parke Davis 11.70 393, Parker Rust P(3) 1008 59% Peninsu Tel pf(7) 10s 30 Peanroad Corp... 14 1% Pepperell Mfg (6) 10s 63 Pioneer Gold Mines Ltd (80c). Pitney Bo P (20c) 2% 2% 241, 383 40% 1% 39 593, 80 1% 63 5 111 11 1 Premier Gold (12¢ Prod Royalty 23z¢ 10 Puget Sound P&LS$5pf.. 5308 Puget Sound P&LS$6pL.. Pure Oil pf.. 2045 7408 133" 1212 708 42% 42% Reeves(Dan) 50c. Reliance Corp(A) Reynolds Inv. . % RootRefcvprpf. 1 54 Ruberoid Co (1).. 50s 45 45 SaltCreek P (80c) 1 6% 6% Selected Indus... 5 3 ™ Select Ind pr(3%)100s56 56 Selected Indus allot cfs (3%5)100s 56 Seton Leather.... 1 5% Sherwin-Wil (3). 400s91 Smith (A 0)..... 1400867 Sonotone Corp... 2 2 South Am Gold & Plat (40c). Southn Calif Edis EdpfC (1%) South Penn O 1.20 Southl'd Roy t25¢ Spieg-M-S pf(6%) Square Deal (B).. Stand Brewing. .. 1 Stand C&S (2.40). 258 Stand Oil Ky t1% 13 Stand Oil Ohio. .. 300s Stand Sflver&L. 1 Starrett Corppf.. 1 Stutz Motor. 1 Sunshine Mfg 80c 147 Swift & Co (175e) 22 Swift Intl (2).... 1 —— Technicolor Inc. . Teck Hughes(40¢c) Texas Gulf Prod. Texon O&Ld(60c) Tobacco Secur Ltd (k75 4-5¢) Tonopah Minl, Trans Afr Tr Trans-Lux Daylite Pic Sn (20c). Tubize Chatillion. Tung-Sol Lamp.. . 5 1% 5 13, % 5t 1 1 2 56 5 91 631 1% 3% 3% 1 20% T 25% 1 5% 50s 85 3 2 25% 5% 85 17% Union Tobacco. .. Unit Founders. .. Unit Dry Dock (r) 10 2 V' bl Unit Lt & Pw pf.. 100s 6% Unit Lt&Pw (A). 1 1% Unit Shoe M t43% .150s Unit Sh M pf(1%) 50s U S Elec Pw ww.. U S & Intl Secur. . Unit Verde Ex 40¢ Utah Pw & Lt pf (m1.16%c). .. UtilitiesP&L... 3 Utilities P& L pf. 50s Utility Equitis 3 Utility & Indu ———— Venezuela Petrol. —_— % 4% 24% 24% Y 4% 17’ Waco Alrcraft. ... Walker (Hiram).; ker (H)pf(1). vaco pf.(7).. Wenden Copper- . . W Va Coal & Coke Woolworth(F W) Litd (p4¥he). Wright Har (160¢c) — Yukon Gold .3 & & & Divide osreer “2:'.'.‘.7.‘1.‘:':.:.’.’;"-':,:.'&‘ ;. 1 1 1 4 1 17% 17 Y 60; 101% 101% 101% 3 & & % 4% 126 26 26 D9 -9 9 rants. * 3ip)—Stamped. reoreanised SNegotiability 1 ired Ity yol L impaired %7 maturt 1‘ RECEIVES HIGHEST CORPORATION PAY Business Machines Chief Given Credit for Fast Growth of Firm. BY RADER WINGET, Associated Press Financial Writer. NEW. YORK, April 30.—Thomas John Watson, who receives the high- | est corporate salary reported to the Securities and Exchange Gommussion, built his earnings by attention to clock-watching and punching holes in cardboard. As president of International Busi- ness Machines Corp, Watson was paid $365358 last year, as reported to the S. E, C., and this year he will be paid $257,000. ‘Watson is credited with building I B. M. to the point where it domi- nates the tabulating-accounting ma- chine market, does business in 78 countries and has failed to increase profits in only three years since 1914. Trade Methods Checked. 1. B. M., among other activities, makes machines which check busi- ness by mechanical clock-watching, the machines timing various opera-. tions, and it has other machines which file the information by punch- ing holes in cards at specific places. Different machines sort the cards and tabulate facts according to the holes. The corporation’s $6,597,362 in net profits last year were ahead of 1933. It was in 1933, 1932 and 1921 that nets were below the previous year. When Watson, now 61 years old, left National Cash Register in 1914 to become head of I. B. M. (then known as Computing-Tabulating-Recording | ’, Ui Auwanssrsr traripsn CRparI Ry #rOTIIETE e O ) does protect — reinforce — your niattress on the sides, enabling the sides to hold “uwp” much longer. Patented “hinge” not on- ly anchors — locks — éach dou- ble conical coil securely, yet flexibly, into position, but it ¢0 | Remember you have the cholce of all standard sizes, full size 4 foot 6 inch, 4 foot, 3 foot 6 inch and 3 foot 3 inch sizes——and unrestricted choice of all coverings——art tickings; woven stripe tickings; all manner and kinds of Im- ported and Domestic Damasks. If you need a new mattress; if you have been thinking about buying a new one ~——nhere is your money-saving opportunity. Buy...NOW...and ... SAV€ ~ Housg & HERRMANN 8433-35 Georgia Avenue ables each coil to sct ind ent of all other coils — with the greatest of “freedom” — yet, at the same time each ceil must act — in unison — with all other coils. Entire spring unit is housed in a specially woven, durable fab- perfect ric, which insures freedom and ~—or between — of spring performance, guarantees against the felted cotton an(‘d:l inte Co.), changes in the three-year-old organi- zation. He started an engineering depart- ment, he launched a sales campaign and he inaugurated a system of schools for employes. In the years following he has expanded those ac- tivities and branched into new flelds. Works Under Contract. His services are assured by con- tract which now gives him $100,000 a year salary and 5 per cent of the profits after $6 a share has been paid on capital stock. Despite the salary and power in I. B. M, Watson punches a time clock with the rest of the workmen. On his desk is a card with “think” in capital letters, and such slogans as “Time lost is gone forever” are familiar in the main plants in Endi- cott, N. Y.; Dayton, Ohio; Rochester, N. Y., and Washington, where work- men’s activities are timed and tabula- ted minutely on I, B. M. machines. Although Watson raises cattle and horses on his farm in New Jersey near his Short MMis home, his real hobby, his associates say, is foreign trade. FOREIGN MARKETS. By the Associated Press. LONDON.—A more vailed on the Stock Ex: aircraft shares soaring an increased air force. cks were firm on rumors of a rise troleum. while giit-edged securities and industrials were supported by invesiment buying. Rubber_and gold-mining shares remained easy The market closed generally firm PARIS —Trading on the Bourse today was most active since Easter French in- dustrials and rentes improved. along with nternational. metal and rubber shares Belsian stocks were irregular. The mar- ket_closed ve BERLIN.—Trading_ was liveller at the opening to but gains, _however. were fost ater in'the session. The closins was istless eertul tone pre- change todsy. with SAVANNAH NAVAL STORES. SAVANNAH, April 30 (#.—Turpentine firm, 470 sales . 4 M. 4 50m WW. 6.10; he instituted many ltlrtllflll WHOLESALE INDEX REGISTERS GAIN Fertilizer Association Finds Average Up Slightly at 78.3 Mark. The general trend of wholesale commodity prices was upward in' the week ended April 27, according to the index of the National Fertilizer Association. This index, based on the 1926-28 average as 100, advanced to 78.3 from 78.2 in the preceding week. A month ago the index was 772 and & year ago, 70.8. Five of the component groups of the index moved upward last week and two declined. In every case the fluctuations were relatively small. The advance in the foods group car- ried it to the highest level which has been reached in the recovery period. The trend of foodstuff prices, how- ever, was mixed last week, with four commodities in the group advancing and five declining. The rise in the textiles group was due entirely to higher cotton prices; the only other change in this group was a slight decline in silk prices. The sharp advance in silver prices | was reflected in the metals group index, although the rise in the group | was due also in part to higher quota- | tions for lead and tin. The grains, feeds and live stock | group declined slightly, although seven | items advanced and six declined. | ‘The fats and oils group index again | declined, but there was no general downward movement in the com- modities in this group. The fertilizer materials index re- mained unchanged, a decline in cot- | tonseed meal prices counterbalancing & rise in ground bone. 54 Twenty-seven commodities ad- vanced last week and 18 declined; in the preceding week there were 33 ad- vances and 26 declines; in the second preceding week there were 33 ad- vances and 16 declines. DIVIDENDS ANNOUNCED NEW YORK, April 30 (P.—Dividends declared (prepared by the Standard Sta- tistics Corp.): Extra. Pe- Stock of Pay- Company. Rate. riod. record. sble. Caterpillar ‘Tractor. .28 -15 5-31 Reno Gold Mines, Lid 531 7-2 pec Archer-Danie}s-Mid- Tand Go .- - 521 6.1 Inittar, Am Republics Corp. ,.10¢ Aceu: Artloom Corp pf. L Hamilton Woolen 6-10 5-10 o o Belden Mg’ " Byron Jackson . Canadi ¢ Gapt - caterpiifar “Tracto Coll:mbll Pictures $: Corno Mills ...~ Eagtern Shore B . v $6.50 2 Eagtern Shore Buv = TV Fauitless Rubber Filene's (Wm) " Bor pi Freepori, Tex Prre{non. Tex, 6% Hoflinger ‘Cons " Goid Mines, Ltd.........5¢ Matson Navigation. ¥1.15 Midlan ery $3 Pitts- Youngs-As buls Ry pf. Reno Gold Mines. Lid. .3 Saint Helen's Pulp & Puper .0 24 Tavlor & Fenn' Venezuelan Ofl cess. Ltd, ord. . Archer-Daniels-Mid- land Co.... . O 00 WO O O OO OOOD 0D :OR G 9P G B B0 AB D DD B AN A O 1935 6-1 ¥ A—13 . Baltimore Utility Earnings Mount Above Year Ago By the Assoclated Press. NEW YORK, April 30.—Consolidat- ed Gas, Electric Light & Power Co. | of Baltimore reports for the quarter ended March 31 net income of $1,770,- 297 after charges and taxes, equal after preferred dividend requirements to $1.27 a share on the common stock. This compares with net income of $1,707,451, or $1.21 a share in the same quarter last year. |CASH REGISTER EARNS $196,775 IN QUARTER By the Associat- ! Press. NEW YORK, April 30.—National | Cash Register Co. and subsidiaries | report for the quarter ended March 31 consolidated net profit of $196.775, equivalent to 12 cents a share on the capital stock. This compared with net profit of $280,817 in the first quarter last year. {INTERNATIONAL SILVER SHOWS $341,477 LOSS By the Associated Press. | NEW YORK, April 30.—Interna- | tional Silver Co. and subsidiaries re- | ports for the March quarter net loss | of $341,477 after taxes and charges. compared with net profits in the first quarter of 1934 of $56,794. FREIGHT LOADINGS. NEW YORK. April 30 (.—Revenue freight carloadings on railroads reporting today for week ended April 27 included: Week_ Previous | April 27, week. | Chesapeake & Ohio Santa Pe ... Chicago & North Western ... INLckel Plate . . | Pere Marquette: ! 21,160 11 9,774 Ohce more we come to you with another money-savingemmsone-of-a-kind saleammmon the world-famous Ostermoor Mattress o « « Once again we are able to offer you the world-famous $42.50 Service Stripe inner-spring Ostermoor emmm in one-of-a-kind tickings e at a definite saving to you of $12.65. Only as long as they laste s 1 NOW o e o Our \'er\v Greatest ||u||| ..ua'i'\vu vHress “arclain in about 74 different kinds of mattress coverings o o o art tickings; durable woven stripe tickings;all manner and kinds of domestic and imported Damasks, in almost every conceivable design and color combination. Your unrestricted choice of coverings o o in full size 4 foot 6; 4 foot; 3 foot 6; 3 foot 3 sizes. The genuine Rave the neme Ostormoor woven in the binding G ALL Guaranteed Regular'4222 “GERYICE STRIPE - INNER SPRING 2l STERMOOR can you purchase the World-famous $42.50 Service Stripe inner-spring Oster- essential way. Seventh and Eye Sts. moor at a definite, distinct saving to you of $12.65. And each and every Service Stripe on sale——a Quality bargain. Each and ev- ery one guaranteed to be the regular standard Service Stripe Quality in every HOW WE DO IT Ostermoor & Co. give us “short ends,” drop patterns and one-of- a erings—Ieft over from the previ- -kind patterns in mattress cov- ous season’s selling, made up on their world-famous $42.50 Serv- ice Stripe inner-spring Oster- moor, at s substantial discount— to us—for quick clearance. To this saving to us—we have added an equal price-cut of our own—as a “Golden Opportunity” —gi mattress at a special bargain price. Get your “Golden Opportunity” Premium Coupon with every pur- chase made in the Golden Anni- versary Sale. ing you this world-famous