Evening Star Newspaper, June 1, 1935, Page 15

FINANCIAL. SECONDARY BONDS DECLINE FURTHER Low-Priced Rails Heavy. Prime Issues Steady. U. S. Group Mixed. NEW YORK, June 1.—The bond market reflected in some measure to- day the state of perplexity in financial quarters as to the status of N. R. A. Taking their cue from the heaviness of stocks, most of the second-grade bonds moved downward to the extent of fractions to a point. There were a few which suffered sharper losses because of scarcity of bids. Low- priced rails were uniformly heavy. Prime issues appeared to meet erough support to hold recent levels, and United States Governments showed some improvement of action 1n spite of a little irregularity. In the fcreign list French government bonds recently depressed. rebounded sharply. Loans carried down by the moder- ate selling movement included Amer- ican & Foreign Power 5s, Chile Cop- per 58, Erie 5s, Great Northern 4l.s, New York Central 5s, Postal Tele- graph 5s, Southern Pacific 4'25 and |, | Argentine 5% 62 Southern Railway 4s. Utility bonds were generally steady, and the general run of industrials also acted better than rails. Slightly higher prices were paid for Consoli- dated Gas 5':s, Goodyear 5s. Phillips Petroleum 5!4s and Shell Union Oil bs. In the Government section there was a better tone than has been evi- | dent during the past several days. Treasury 4'4s of 1952 were 1-32d higher at 116.7 and Home Owners’ Loan 4s were that much higher at | 3% s 1946-56. | Australia bs '55. By private wire direct to The Star. Approximate Transactions Today. U. S. Gov't Bonds.. Foreign Bonds. Domestic Bonds. LIBERTY. High. Low. 2-47.....1003 1003 s32-47. 1003 1003 -41 reg 1001 1001 4th UAI 1933-38..1021 1021 TREASURY. 27%8 1955-6 1016 1013 35 1946-48. 1036 1034 R- 1951-56. 1034 1031 10410 1046 1048 1046 10728 10728 10519 10519 10519 10621 10621 10621 10916 109 16 109 16 11110 11110 11110 41 8-3%351943-45 10523 10523 10523 4748 1947-52...., 1167 1167 1167 FEDERAL FARM MORTGAGE. 10126 10126 10126 10124 101 1% 10120 .. 10317 10314 10314 OME OWNERS' LOAN. 1009 1006 1009 10118 10116 10117 10113 10113 10113 «.0 1008 1008 1008 3,570,000 Close, 1003 1003 1001 1021 1016 1036 1033 10410 1048 107238 318 1944-4 3%51943-47. 45 1944-54.... I 0% 924 9 901y 4%, 954 9"y 9% 4% 962 101% 101 104% 107 114 23 22% 30 Argentine 63 ‘58 B Argentine 6s'59 June Argentina 6s '69 Oct. Argentine Argenti: Austral Australia 68 '57. Belgium 6s '55. . Belgium 634s 49. Belgium Brazil 614 Brasil 613 Brazil 83 113% 224 22% 100.8. Other loans moved marrowly with losses confined to small frac- tions. Formation of a new government in France eased selling pressure against French government bonds and both the 7= and 7'>s bounded up 5 to 10 points on A& small turnover. Other | foreign bonds were quiet and showed little change. | | | Br the Associated Press | CHICAGO. June 1.—Dominated | mainly by bearish interpretations of President Roosevelt’s mention of pos- sible 36-cent wheat ahead. grain prices showed acute weakness much of the ! time today. Toward the last. however. profit taking on the part of previous sellers led to substantial upturns of wheat prices from the day's maximum ce- clines. Corn rallied better than wheat WHEAT— Op-n Lew Close June ., % July Eeptember December CORN Juy Beprember. ecember . 83 8ep'ember, December. RYE— July Eeptember, December 3 BARLEY— Becrember | L | Ger C Bk A 6s 60 Oct 3% Canada 45 60 Canada 4138 '3 | Canada 6= '62. | Carlsbad 8s Cauca \8HC3 Chile 63 Chile 62 Chile 68" Chile 6s " Chile 6s Chilean Mun L 78 '60. Chinese Gv Ry 5851, Colombia 6s 61 Oct.. Copenhagen 4 ;8 °'53. Copenhager 58 Cordoba 78’42 Prv... Costa Rica 75 '51 A May coupon on.. Cund amarca 643s '59 Denmark 47;s '62. Denmark 57,5 '55. 96 Denmark 6s'42...... 101} Finland 68 45....... 10. ‘ French Gov is'49. ., 1 | French Gov T%s ‘41. I:7|q T Gelsenkirchen 65 ‘34. Ger CBK A 65 3% . .. 65 1514 28%, Ger C Bk A 78 '50. 40 Ger Gov 538 " 2670 GrtBr& Irslas 31.. 114% 65 3515 40 2615 11450 Italy 78751, Japan 513565 . Japan 6335 ‘54 Kreu&Toll 58 '69A cfe Milan 6158 °52. . Montecatini 78 37 7315 o 91 —_— (‘hlnlo Cash Market. Wheat, No. 3. red, 82% : No. 3. dark, hard. 95 No. 2, hard, : Mo 2,1 Mmixed, 89%. Corn, No. 2, yellow. 83a 8415: No. 3. white, 86. Oats, No. 2. white. 38; No. 3, white, 3615, No rye. Barley, feed 48a60. malting, 56a1.00. Timothy seed. 10.00a12.00 hundred- | weight. Clover seed, 11.00a15.75 hun- dredweight. New York Cotton "By the Associated Press. NEW YORK. June 1.—Cotton futures opened steady. 5 to 9 higher in response to steadier Liverpool cables, which was partly offset by further active liquidation. July, 11.00; October, 10.73; December, 10.75 January, 10.77; March, 10.83;: May, | 10.85. Trading on the call was active. ‘There was substantial foreign buying | as well as some commission house de- mand, attracted by the sharp break of Priday. Early gains of 8 to 15 points net re- newed liquidation and offerings in- | cieased shortly after the end of the | first half hour when wheat and stocks 1 developed a weak undertone. October | contracts sold off from 10.75 to 10.56 | and the general list was net unchang- | €c to 8 points lower. The trade was still said to be con- fused in its efforts to interpret the full significance of recent develop- ments at Washington. Liverpool reported good trade call- ing, Bombay and Continental buying of new crops. Putures closed very steady, higher. Juis T 0 2% to a4 I et 1 1 0 10 &4 middl 11.65. !leuhable Collonx ed fl futs AR S, ol e e a Oeiober *5.9ab; Decempor B b 153 contracts b—Bid. l.l"rpool onnl-uon. LIVERPOOL. —Cotton. 10.- 006 hllu oeidiae e 200 American St s 21 poinis lower: quotations American strict good middling, : mood m!ddlmx 6.91: strict middiing. : middlin it o 1 11 1] ing, 71 Bales, FOREIGN EXCHANGES. June 1 P —Foreign ex- E b] oemnus—nelmm el 4045 Holland. " 87.50 Denn:uk G 3 Cuchnllm‘lkl 4.18: Yulnsll A, Austria. 18.83n; Hungary. 20,61 100.00: r:e- York ork. muanuen Ton00; n—Noml CHICAGO PlODUCE CHICAOD Jure 1 ».—Butter, weak. Creamery. specials o3 exire, (92), 23%; extra frsts 2 A1y firsts (R8-R9). (RB-87)." 2114; su carlots). 23: E firsts, e current receipts. storage-packed firsts, 23'a; extr “Poultry. live. eight trucks: hens rllu. steady: broilers and fryers. wi dm“g’: ::dlul’ulhgal ,fl!' trl‘t”. rn hen: & % "Rock Springs. ?E_3 ., ix; up. 18: & ‘white ducks. 4% 4l po\lndl. ) -, u) xn'u; MONTREAL, June 1 (P .—Silver futures tlosed steady. so-bo lower. Sales, 10 con- Nerd Ry 638 50. Norway bs 63 Norway 5%4s Norway 63 44. . —_— Oriental Dev 558 '58. Oriental Dev 6s 53.. 143 100% 1040 8| Peru 6s'60 Peru 6s ‘61 Rhine W EI P 6s '5. 5. Kio Grdo Sul 65 €3. June coupon off. . Rome 648 '52 Rumania 7s 59 Aug coupon off. . —_— Saarbrucken 6s 53, Sao Paulo St s 40... Sao Paulo St 8s 50 July coupon off. . Sydney 5148755 ..... ———— Tokio 6% '61.. Tokio El Lt 6s ‘63. Tolima 7s'47... 84 811 11y 84 Uruguay 6s 64 . 39% —_— Westphal El P 6s 53. 36% DOMESTIC BONDS. Alleg Corp bs '44. 70 Alleg Corp 65°49.. 628, Allis Chalm b8 ‘37 101% Am & For Pw 6! 63 AmIGChbY% 1083, Am Roll Mill 6s°38.. 102% Am Smelt & R b5 47. 10214 Am T&T 415839 1078 AmT&Tel'tr b8 1084, 108% Am T & T deb bs 60.. 11215 1128, Am T & T deb bs '65.. 1128 112, Am T&T 6l68'43.... 112 112 Am Wat Wka 68 75.. 79% 79 Ann A Istex in4s 95. hb% 5b% Armof Del 5%s 43.. 104% 1043 Armstrg Cork 68 '40. 104'a 104 Am Wat Wks6s 44_. 983 Y% Armour & Co 4%38 39 1055 1055 A T&S Fe 4s'05-55. .. 103% 1035 1038 A T&S F\ 1034 10214 10215 - 108% 108% 108% 97% 96 96 1 O | 7T 10 61 . 101% 030 63 . % 1083, 1028 W 1021 107% 10K8, 112y 112y 112 79 104 98Y% 106% Atl Coast L lu 4n'52’ Atl Coast L clt 4s'52. AtIC L und%s 64 % 76 5 Atl Coast Lclt55'45. 95 95 95 Atlantie & D 1st 45 43 34'% 341 34% Atl Refin deb 63 '37.. 107% 107% 107% ———— B&O 1st 45 4 B&O¢}a60. B&O 1st 5548, B & O ref 68 '35 B & O ref 68 2000 D. B&OBs 96 F... . B&Oref68'95C.. B&OSwn bs 50, Beech Crk 45 '36 gtd. Bell T of Pa 63 48 B. Beth Stlpm 5s°36... 13% 103% Bos& Me 4%8'61J.. 631 631 Bkiyn Edis 68'52 E.. 108 108 Bklyn QueensC & S con 68’41 stp Bklyn M T 63 ‘68 1073 107y Bklyn Un E1 6s 60... 108Y% 1081 Bklyn Un Gas 5s°45.. 119 119 Bkiyn Un Gas b3 '60. . 105% 105% Bkilyn OnG 58’57 B.. 109 109 Bruns & West 4a'38. 103 103 Bush T Bldg 63'60... 58 58 Camag S 7s 42ctfs 9 % % Can'dian Nt R 44851 112% 112% 112% 102% 101% 478 468 oo 107% 106% 634 62 61% 61% 61w 61 3% 2% 93% 933, 101% 101% 117% 117% 101% 47 k0 5 6! . [Can'dian NtR 4140’66 1125 1128 1128 Can'dian Ry 4%s '65. Can'dian Nt 55'69 Oct 117% 117% 117! . | Can’dian Nr db614s'46 1231 128% 123% Can'dian Pcdbasperp 87 86% R6% Can'dian Po ¢%s 60, 100 99% 100 Can'dian Pc 69 '54.... 104% 104% 104% CaroCl & O 68 ‘38 CaroCl & O 2 A Cent Br U Pac 48’4 Cent of Ga 63 ‘69 C Cent Pac 1at rf Cent Pac 68 '60. Cert'ddeb 5% % Chesap Cevel bs ¢4. 105 Chesap Corp 63 '47. 04 104 4 C&Ogendls 92... 1174 117% 117% June .. Eepjpmber Chi B& Q gen 48 °'58.. 1071 1074 1074 Gpi: B & Qref 68'71.. 111 110} 110%/ 25% | " | Gen Thea Eq 1014 | 84, | 8114 . 1l | 39% | 36% | 55% | 104% | THE EVE NING STAR, WASHINGTON, BOND AVERAGES Net change Today. close .... Previous day .... Month ago . Year ago 1935 high . 1935 low ... 1934 high . 1934 low 1932 low 1928 high Today, close Month ago . 1935 high . 1934 high .... 1928 high .... 109.5 1099 High. Chi B&Q 1div 31,849 10 14 Chi B&Q 1div 4s 49, 109 ChiG L&CHs'37.... 105% Chi Grt W 4s'69. Chi Ind&So 48 '56. CM&SUP 4r°89 . CM&SIP ¢%8 '8 E. .. CM&StPgn 4%s 39 C CM&S!tP bs'76. . . CMStP&P adj 552 Chi & NW gn 33,5 '87 Chi & NW 4135 2037. . Chi & NW 4138 2037C Chi & NW 43,8 °49... Chi & NW gn 65 '87.. C&NW Nr W 6%s'36 Chi R 1&P 433860 .. Chi T H&S inc 55 '60 Chi T H&S 1st 53 '60. Chi Un Sta 6s « 109 105'% 19% 90 47 9y 494, E 2074 141 Chile Cop deb 68 '47. Cin Gas El 4s'68 A Cin Un Ter 5 CCC&StL If 4 %5118 CCC&StL rf 53 63 D. CCC&StLCW. Sl Clev Un Ter 4 Clev Un Ter b8 Clev Un Ter B‘I.l"lIA Colon O1) 6538, . Colo Ind ¢l tr 68 '34.. Col & So 414 '80 Col & So 413880 a Columbia G & B 5852 May.... Columbia G&E 55 "61. Com Inv T b3 49... | Con Coal Md rf 68 50. | Con Coal Md 68'50 cfs | Con Gas N ¥ 4145 '51. Con Gas N Y 58 '67.... 104's 1117 L1011 10 Low-Yield Bonds. 1 Ohlo Pub Ser 7148 ‘4§ Complled by the Associated Press. 20 Rails. —.5 9.1 9.6 9.7 87.1 87.8 16.4 89.4 4.5 45.8 10 Indust. +.1 95.6 95.5 965 876 97.0 922 929 3.7 40.0 98.9 Previous day .. Year ago ..~ 1932 low . Low. Close. 9814 98% 28'9 304 Hi !fi‘t 281y 30% NY Lac&W 1st 4s'73 NY NH & H 3% '54. NYNH&H 4s 65.... NY NH & H 43'68 NY NH & H 4357 N Y O&W gen 4s'66. Y O&W ref 91 Rwys ine S&W 1strf NYSRys41:862 cll N Y Steam 18t bs ‘51, NYW&B4%s 46 Norf&W div 4s 44... Norf&W 1st 4596, North Am Co b8 North Am Ed 5% Nor'n Pac gen 3s 20 Nor'n Pac 4s '97. Nor'n Pre 438 2047.. Nor'n Pac 65 2047.... Norn Sts P 1st68°41A Nor'n St P 63’41 B... —_—— N NY N Y Y Ore Sh Line bs 46. Ore WRR&N ¢ Otis Steel 6s '41 PacG & E 5 Pac R R Mo lsi Pan Am P C 6s°40. . Par-B'way 5148 ‘51 Par-F-La 6s 47 cfs Par-F-La 6s 47 filed. Par-Pub 6148 '60 cfs. ., Par-Pub 5158 '60 flled Parmelee 63 44 Penn Dixie C 63 Penn R R 41881 D.. Penn R R con 45 ‘60 Penn R R 4% ConG N Y dbblys 46 Container deb 63 '¢3.. Container 6s 4 Consumers Pw Cuba R R 1st b8 sz B Cuba Nor RR b8 " Den G & E 5 Den & RG en ¢ Den & RG 4’28 36 Det Edison rf bs 49.. Dul SS& At 58 37... Duqu Lt Ist 4148 67. 1‘ East Cuba S 748 '37. ET V& Ga cn 58 '56. | Erie gen 4s 96. | Eriert 68 ‘67 | Erterf 5816 Erie Gen Riv s’ | Erie & Sersey 6a - Fed Lt & Tr 6s'54 B.. | Fran Sug T%s '42. Gannett 68 '43. Gen Cableb'ss 4 | Gen Pub Sve 5 Gen Steel C5% Gen Th Eq 6340 cfs. 214 Goodrich 68 '45. . b | Goodrich 6%s '47. 1088, | | Goody'r T&R 68 87 104% | Gr Tr'k of Can 68 '36. 106 | Gr Tr'k of Can 7s '40. 104 | GUNRref4%8'61 A. |GtN R gen4%s'76 D GUN Rgen 4%s'11 E Gt N R gen 5573 C.. GUNR5%s'62B.... GtNRgenTs'36A.. 10015 | | Hoe Val 415839 H’satonic con 5s '37. Hudson Coal 68 52 Hud & Man inc bs & Hud & Man ref s '57. 111 Cent coll tr 4s'52. 111 Cent ref 53 '55. 111 Cent 6158 3 1] Steel deb 448 0. Inland St1 4%s 78 A. Inland Stl 4%3 ‘81 B. Interiake 55 '51. Int Ag col 68 ‘42 atp. Int RT Istrf b8 6 Int RT6s'32 Int Cement 6848 ... Int Gt Nor 6352 A... Int Gt Nor 65’56 B Int Hydro EI 65 ¢4 Int Mer Mar 63 41 Int Pap 1st 6s Int Tel & Tel 4138'52, Int T & T 68’6 Kan C Sou rf in &8 ‘50 KanG & E 4%s'80... Kelly Spr Tire 6s '¢2. Kendall 538 48 ww. . Kings County Elev 48°49. 103% ! 68 1021 | Laclede Gas= 68°39... Laclede G 638 53C. L E& Wn 1st 5537, Lautaro Nitr 68 °'64. . Leh C& N 418’54 C. Leh Val Har 68 '54... Leh V Pa con 4s 2003 Ligg & Myr 68 °51.... Lorrillard 58 '61. . Long 1sl ref 434 Long Isl deb 55 ‘37 La & Ark 5s '69. B Lou & Jeff Bld 4s'45. LouG & K 58’52 A L & N unif 4s 40. L &N 4182003 C. L&NG56s37...... [2 105% 111% 1074 101 . 107 McKess & R 6%s 50, Manhat R 4=°90 . . Manila RR SL 4539 Manila RR SL 45’59, Manati Sug 7%s '42.. Marion St Sh 68 '¢7. Mead Co 68545 Met Ed 18t rf 43 Mich Cent 348 '52 Midvale S&0 bs ‘36 MIIER&SL6s 61.. Mil E R&S L rf bs 71 MStP&SSM cn ¢s°38. MStP&SSM 5%s'78. . MStP&SSM rf 65’46 A MoK &T ist 43 90.. MOK&T6s'62A... Mo K & T ad) 65°67.. Mo Pac 5865 A 97 564 69 69 Mor & Esx 4%3 '5 Murray Body 6%s 43 Namm & Sons 65 °43. Nassau El 45’51 gtd. Nat Dairy 6%s ‘¢ New Or T&M 6%s 54 N Y Cent 3%8'97. 8 BTu 5T% 107% 1071 1074 67% 67 67 48 48 48 106% 105' 105% is ref .%l ‘41, 112% 11 112% 4849, 1134 11341131 i}"enn RR4% | Penn R R 6128 °36.... | Phila& RC & 1 6 | PCC&StL 4 | PCC&SL 58°15 B. | StJo Ry L T&P 6s ‘37 | StL-SF 4850 A ctfs | Tenn C&C6s 44 B... | Tex Corp cv b= "4 Penn R R s 64.. . Penn R R gen 55 '68.. Penn P & L 4%s '81., Peo G Lt&Crf 5s ¢’ Peoria & E inc 4s Peor Peki Un 5z Pere Marq 'st 48 ' Pere Mara 418 '80 Phila B&W en 5s . Phila B&W 4158 '81.. Phlia EI Co 4145 o Phillips P!lr bls 39 Pitts& W Va 415560 C Port Gen El 435 ‘60 Port Gen El 15t 55 '35 Porto Rico A T 6s 42 Postal Tel & C 6= '63. PubSEl& G 4%s 67. Pure Oil 5138 40, Purity Bak 6s 48 Rep 1&St1 5.8 b3 A, Richfield Oil 6s°44... Richfield O 63 44 cfs Rio G W col 4s 43 A, Roch G & E5s'62 .. RIA&LIst4lss 3¢ Rutland Can 4s’49... NE ine > | Security Dealers’ “Asvociation: | Am D. C, BONDS ON N. Y. STOCK EXCHANGE CURB LIST GOES TOLOWERLEVELS Specialties, .Oils, Utilities Bear Brunt of Active Selling Movement. By the Associated Press. NEW YORK, June 1.—Curb market prices continued on the downgrade today with specialties, oils and utili- ties bearing the brunt of the sell- ing. Trading was fairly active. Declines of 1 to 2 points were shown by Pepperell Mfg., Swift Int., Aluminum Co., Commonwealth Edi- son, American Gas, Dow Chemical and Gulf Oil. Most of the standard trading favorites, including Electric Bond & Share, Lake Shore Mines and Sherwin-Williams were resistant and managed to escape with only fractional losses. Some of the merchandising and | miscellaneous shares were sensitive and yielded upward of 3 points. Great Atlantic & Pacific and Holly Sugar showed losses within this range. MOODY'S INDEX SHOWS MIXED TRADE TREND By the Associated Press. NEW YORK, June 1.—Statistics ap- pearing during the last week indicated a mixed business tendency, according to Moody's index figures for freight car loadings, electric power produc- tion and steel ingot output. These index figures are adjusted for seasonal variation—that is, if the change from the previous week should coincide with the normal seasonal change, the index unchanged., Car- Joad- ings Latest week Pr 1835 low (1978 weekly averal (Copyright. 1 eauals 100.) by Moody's.) $12,970 NET EARNED BY LEE RUBBER & TIRE | By the Associated Press. NEW YORK, June 1.—Lee Rubber & Tire Corp., months ended April 30 net income of $12.970, equivalent to 44 cents a share on the capital stock. For the corre- sponding period last year net inr:ome was $128,510 or 50 cents a share. FOREXGN MARKET& By the Associated Press BERLIN_—After an irregular quietness developed on the Bo But the closing was inactive snd dull. LONDON and PARIS—Closed. BALTIMORE STOCKS BALTIMORE. June 1 Special Dispatch to The Star High. Low. Close. 19 10 oprnine Sales. STOCKS, 45 Arundel Corp. ..., 200 Black & Decker 3UC & P Tel Balio of 114 Consol Gas - Con Gas i, Con Gas 5. pf 2 Finance Ami 40 Houstn Ol pf vie. 6 Mong W P & New amster U'S Fidel & G INVESTMENT TRUSTS YORK Bid. Asked Admin Fund ww C T e Bankstocks Am Business Shrs’ . Builock Fund Cumulative Tr Sh 1028 63 91y 9 11, 10 T8l 4l 1% . 1078 St L IM&S R&G 4533 St L-S F 55 '50 B efs. StLSWist4s'39... St L SW gen rf 55 90 StPRKCSL4Y3s 41, St P M&M ext 68 ¢ San A&A Pass 4s 43, San An Pb S 6s'52 A. Seabd A L ref 4559, Seahd A L 63 45 A. | Seabd A L 65 '45 ef: | Seabd A -Fla 6535 | Sharon S H b 48 4., Shell Pipe L 55 62... Shell Un O1l 58 '¢7., SincCon O 63838 B Sine Con O 78 ‘37 A.. Skelly Oil 558 39... So Bell T&T 6s'41... So Colo Pwr 63 47 A. So Pac col 4549, So Pac ref 4s '55. So Pac 414s ‘68 So Pac 414869, So Pac 4145 81 So Pac Ore 412817 2615 1038 103" 71t Hin | So Pac S F Ter 45 '50. So Ry gen4s 66 A... So Ry s '94.. 0 Ry gen 6s So Ry 6143 '56. Stand OII N ¥ Tenn Kl Pw 68 47 A.. Term'As St L 45 Tex & Pac68'11 B Tex & Pac 58 79 Tex & Pac bs 80 D Third Av ret 4s 60 UnEL&P6s'67.... Un Pac 1st 45 ‘47 Un Pac 4s ‘68 . Un Pac Ist rf 43 2008 Un Pac 4%: '67., Unit Drug 6s '63. U S Rubber 58 47 Utica G&E 5s '57.. Utah P& L 68 '44.. Utll P& L 6s ‘59 ". UtllP& L5%s 10814 | 111y 101% | 1063, 104% | Vanadium ev bs 41 Ver Sug 1st 7s 42 ofs Va EI&Pwr 6155 44.. Va Ry i8t58'62A. .. Wabash 4 %487 Wabi 68 76 B.usuo Wabash 6880 D. Wabash 1st 63 '39. Wabash 24 55 '39 Wanash Om 3%s " ll. Walworth 6s 45 A .. Walw th 6145 '35 ww. Warner Bros cv 6s ‘39 Warner-Quin 6: . Warren Bros cv 6s 41 W Sh 1st 43 2361 gtd. W Sh 1st 45 2361 r; West'n El deb 68 West'n Md 1st 4s '52. West'n Md b'%s 77.. West'n Pac 68'46A as West'n Un 4158 60 West'n Un 6s 51 West'n Un 68 60 Wheel Steel 4 W Sp Su con 7 !5 cl Willmar S F Wilson&Co i’ 10" 1ogn Youngtn S&T 58’70 B 93 925 Youngtn B&T 68’18 A 43 DOLLAR GOES HIGHER IN LONDON DEALINGS By the Associated Press. LONDON, -June 1—The United States dollar improved today in sym- pathy with the French franc, due to the formation of a ent in governme Paris, and closed at 4.92% to the D. pound, as against the New York over- night rate of 4.93%. Me ‘The French franc closed at 74.65 to | Fund | Nor Am Tr Sta -‘- | Stana Tt e B | Potomac ' Etec. Cororate Trust Sorporste Trust A i Corp Tr A_A mol <40 Corporate Trust Accim’ il ar Fixed ‘Tr Fixed Trust Sh A 1T Fixed Trust Sh B Invesiors Inc.. Fund Tr Shrs FPund Tr Shrs B Incorp Investors Inv Tr N Y Coll’ “A Investors Pund of Am Inc. Maryland Func Inc Mass Invest Tr . .. Mutual Invest Nayon_ Wide Sec ‘vic NY Shrs . No-tn "Am Bond Tr ctrs 1 Shares . Nor Am Tr 8h lflm . coes 18,00 figure would be | reports for the six | SATURDAY, JUNE 1, 1935. NEW YORK CURB MARKET By private wire direct to The Star. Dividend Rate. Afld 00. llll. Allted Mills Inc.., 29 Alum’n Co of Am. 800s Am City Power &Lt (a3) A.. Am Cynam 40¢ B. Am Founders 15t pf (D).... 208 AmGas&E1.40.. 46 AmG & E pf (6)..225 Am Hard Rubber. 10s AmLt&Tr120.. 9 Am Meter Co..... 258 Am Superpower., 42 Am Sup'pwr pf...5008 Arcturus Radio T 1 Ark Nat G 3 Ark Nat Gas cu pf Armstr Cork(50e) Art Metal W(40¢) AssoG&E (A).. Atlas Corp Atlas Corp war Auto Vot Mch 50c. —_— Babcock & W11 40c 508 Bellanca Afrcraft 1 10s 33 Blue Ridge Corp. Blumenthal S. Bower Roll B ( Rridgeport Mach, Brillo Mg (60¢).. Brown Forman. .. Buff N&EP pf 1.60 Bunker Hill&Sul. 2258 Burco Inc... i Calamba Sugar Estate (11.60), (‘nn Indus Alco A. Catalin Corp. . Celanese 18t pt(1) Celluloid Corp pf. Cities Service.... Cities Service pf Cities Service B.. Cities Sve pf BB.. Clev Elec I1lu (2). Cleveland Tractor Com'with Ed (4). | Como Mine | Compo Shoe Mach s.tc.(50c). Cons Aireraft. Cons Gas of Balto (3.60).. | Cons Retail Stor Cons Royal (20¢ Cooper Bess pf Cord Corp. . Corroon & Reyn Crane & Co... Creole Petroleum. Croft Brewing... Crown Cork Intl (¢1) | Cusi-Mexicana 1 10 Derby Oil & Ref.. Distillers C-Seagr Distilled Liquors. Doehler Die Cast. Dow Chemical 12) Dubelier Condens. | Duval Tex Sulph. 2 4 1 1 Eagle Pitcher Lid | Eastn G&F Asso. kastn States Pw. Edison Bros (1).. Elec Bond&Share Elec BA&Sh pf 6) Elec BA&Sh pf (6) Elee P As A (32¢). Elec Pw & Lt a9 1 2 3 3 0 3 Elec Sharenold's. Emp G&F 7% p! Equity Corp..... European Elee | Ltd (A)(60c) | Evans Wall Lead. | Ex-Cell-O A&Tool { Fairchild Aviat'n. Kerro Enamel 60¢ Fidelio Brewery.. Fire As Phila Fisk Rubber . Flintkote (A) (1). Fla Pw&Ltpf. .. Ford Motor Ltd { Ltd (pl7.7¢) . 3508 -New York | Garlock PKg (1).. Gen Invest Corp. . Gen Pub Sve pf... Gen Tire & Rub.. Glen Alden C (11) odchaux Sug (B) Goldfield Consol. . Gorhm vic ex p50e Grand Rapids Varnish (50e) Gray Tel Pay p50e 508 Great Atl & Pac Tea n-v (16) Greyhound (Del). Guif Oil of Pa 1 1 258 2 1 1 = 1 10» 42 9 | Hecla Mining . . | Hollinger G (165¢) | Holly Sugar Horn&Hardt 1.60 Hudson Bay M&S. Humbie O11 (1). 1 6 1008 258 15 20 |1l Pw&Lt 6% pf. 2008 « i lmp O1l Ltd ai 38 a8 | | Selected Cumul Sh Selected Income Sh Spencer Trask_Fund nd Am Tr Shares. i} n of Am Tr of Am of Am of Am of Am r of Am Super Supe Dr. | Supervised 8hrs Trust Fund Shrs "'~ Trusteed Industre Shre Troste “ 'Washmgton Exchange SALES. Washington Gas 5s, 1958—$500 at 105. | Potomac Electric 6% pfd.—2 at 109. Lanston Monotype—10 at 61, 3 at 61, 2 at 61. Peoples Drug Stores Pfd.—10 at 11213, AFTER CALL. Capital Traction 5s—$500 at 96%5. at 181 Bid and Asked Prices. BONDS. Al Tel. & Tel 4'z% .o m Tel. & Tel Col. h. [ & 5 Capital Traction R R. E15% BiSlivan ar Georzstown Gas ist h- Pot. Elec. Pow safl! . Wach. Gas 58 1958 | Barber & Ross_Inc Chevy Chase Club 'i‘ 8. ol Country Club 51l ?'c- Faper Mic. w. . Cold 5(0{!‘? 5‘ STOCKS PUBLIC UTILITY. Al Tel. & Tel (9).. C'lnplu- Transit Co. (i) Steamboat (6). P, 6% pid. (6 Rigss ptd (5) Washinaton (8} TRUST OOMPANY American (12).. (r:frcor;n l"’ 52 Rational Umon \.60). Golumbta, aou the pound, as compared to yesterday's X quotation of 74.70. ‘The Dutch guilder was 3314 te the pound, Capital Transit Co—10 at 18!x, 10} | coupon (150¢) ‘ Imp Tob Grt Br & ire (pil¥sec).. Insurance Co of North Am (2) intl Hydro Elec System cv pf. Intl Min (p30c).. | Intl Mining war.. Int'l Petm (#112). Irving A Challe. | Jonas &Nau Jones & Lau | Kirby Pet (alc). Kiein (DE) (71). Koppe: s Gas & Coke pf (6).. Kress (SH) spec Pt (80c). ——— Lake Shore M(12) Lehigh C&N (50¢) Lion Oil & Ref Lone Star G alse. Long Island Light DEA(T). . .. 408 Louisiana L&Ex. 16 | McWillm's D t2 300s ‘ Marion Steam Sh. ! Mead Johnson(14) Mesabi Iron. Mich Sug pf.. Middle States Petrol vtc A.. Midvale Co (k1).. 258 Minn Mining & Mfg (80c) Molybdenum. Murphy Co (1.60) 1 Nat Bella Hess... 2 Nat Container (2) 50s at Fuel Gas (1). 2 2 2 1 1 1 1 1 3 4 : . 258 1 Nat Transit (80¢) Nehi Corp.... NJZine (2).. N Y&Hon Ro (1) bfll N Y Merch (2)... Niag Hudson Pwr Niag Shrs(Md)B. Niles-Bem-Pond. Northn P&L (50¢) 1 1 1 Ohio Br B (psUe). 258 Overseas Secur... Pac Gas & Elee 1stpf (1%).. Pan-Am Air (1) Pantapec Oll. . Parke Davis (11). Parker Rust P(3) Pennroad Corp. Pepperell MIg ( Phoenix Secur .., Pitney Bo P (20c) Pitts Plate Gl (1) Potrero Sugar.... Powdrell & Alex.. Prudential Inv... Puget Sound P&LS6Dt. Ml Pure Oil pf' Quaker Oats pf 6. —_— Reot Refining. 1 50% 38% 18% 21% 7 10 10 1% 1% 3% s bt 508101 208 3 T 1313 127 42 6412 10% 147 A0l 24 145 57l 16% 49% 3814 18% 213 26% 38 3% 1's 6% 19% T 6% A 2015 43 I 21 s LN 14 14n | 6l | 6% ]fll 26% 2 20 1% 61z 5 5% 66 o 3215 3 5674 5% 31 174 % 24 !3'4 1% F 5 315 174 6% 24 250 Low. Close 16% 50% 3814 184 211 2612 6 38 3% Bell Tel of Can(§ 60!121% 12312 123% 1% o 19% T 6% 5% 208, 4y 1 21 ™% LN ]01 11 15% | ; 94%a | s held at m- ' 105 ** /NEW YORK BANK §° STOCKS 197 33% | gy o 62 N Y Tel f (6%).. 26;115& 118‘4 llfl"' -u_ 17% 6% 24 Ohlo Oil cu pf (6) 2008105'% 105% 105% 5 2 24 2% 258 13% 50 50 1% Ruberotd Co (1).. 50s 52% 52 8t Rogis Paperees I 1% 10s145 145 145 Rwy & Lt Secur.. 25s 11% 11% 11% 1% 52 1% FINANCIAL ‘A—15 SAFE DEPOSIT LEADERS TO MEET National Conclave Planned at Asbury Park Next Fri- day and Saturday. %3 Stock and Bales— Dividend Rate. Add 00. High. Low. Uloll Salt Creek P (80c) ¥ 7 Scovill Mfg (1 . 20% 20% Selected Indus 1 1 Selected Indus allot cfs (315 2008 Select Ind pr(33)200s Sentry Safety Con 5§ Shawinigan Wat & Pw (50c).. 1 15 Sherwin-Wil (3). 100s 957s Smith (AO)..... 1008 5 South Am Gold & Plat (40c). 1 Square Deal pf A (11.10) 5os Square Deal (B). 2 Stand Inv cum pf. 50s Stand Oil Ky (11) 5 Stand Ofl Ohto. ., Stand Silver & L. Starrett Corp pf.. Stutz Motor. Sunshine M (80 Swift & Co (150¢) Swift Inul (2).... —_— Taggart Corp. . Tastyeast inc (A) Technicolor Inc. Teck Hulheslfl]c) | Texon O&Ld«60c) Tob Prod Ex(10¢) Tung-Sol Lamp... —— Unit Corp war. Unit Founder Unit Gas Cor Unit Gas C w: LnilGns Corp n!. Unit Lt&Pw (A). Unit Profit Shar'g U S Elec Pw ww. , U 8 Foll (6ve) B., | US& Intl Secur. . US& Internat’i Sec 1st pf ww Unit Verde Ex 40¢ Univ Insurance... Utilitles P& L. . 57 56% » 57% 55% » 15' 9ha 56% 29 17% 16%, | Bpecial Dispatch to The Btar. 204 | ASBURY PARK, N. J, June l.— 19| The National Safe Deposit Conven- tion, with the New Jersey State Safe "" Deposit Association as host, will open 22“‘next Friday, June 7, with approxi- 15 wm-uly 400 delegates in attendance, 33% yrepruemmi every State and city | safe deposit association and prac- tically every State in the Union. New g.,.lersey. it is expected, will have some 24% | 200 members present at the annual 4's | banquet concluding the convention 6'a | Saturday evening, June 8. 2 An Executive Committee meeting of 5% the National Safe Deposit Advisory | Council will be held Thursday eve- %' ning, followed by a theater and get- * | together party for early arrivals. .| Dr. Harry G. Thomas, father of Lowell Thomas, will open the conven- tion with a welcoming address on behalf of Asbury Park. Following the reports of officers and committees the election of officers for the ensuing year will take place | An open forum discussion of the |chal Committee's report will then 1',2"“be directed by Harry M. Hoover of * | Chicago, after which an open forum discussion on the report of the Mem- ‘bersmp Committee will be led by Julien Janis of St. Louis. e s Six Speakers on Program. 3y vy Robert B. Hansen, president of the Ky 815 | New Jersey State Safe Deposit As- | sociation, will open the Friday aft- ernoon session with an address of welcome. Papers will be delivered by William Krieger, vice president of Ferns, Anderson, Inc., New York City; Judson H. Scott. Rochester & Safe | Deposit Co., Rochester, N. Y.; Delo | E. Mook, Cleveland Trust Co., Cleve- |1and: Edward S. Lubbers. vice presi- , dent Bank of Manhattan Safe Deposit, /1 Co. of New York City: Mrs. Louise 8. Vogt, Sheridan Safe Deposit Co., Chi- cago, and Ralph D. Slaymaker, Union Safe Deposit Co. Saturday sessions will be given over to open forums, the morning session being devoted to publicity, surveys and costs and adequate returns, with James A. Sweenev of the Paterson (N. J.) Savings Institution and editor of the Time Lock, leading the after- noon forum on legal problems. Senator Moore to Speak. e | unitea States Senator A Harry | Moore will be the principal speaker COTTON STATEMENT. at the banquet which will bng; the Pa‘#(::e !0)31;5:\« June 1 ;?:;.muon to a close Saturday eve- change statement s < thows - 1g:lpz)ztlnrr=:Tmn orousi ihee sient JSRE | Carl K. Withers, New Jersey com- p ,,,,‘ Sesc ';_5,{’" 1 missioner of banking and insurance, a will speak at the Saturday luncheon, while Mrs. Harold G. Hoffman, wife of the Governor of New Jersey, and Miss Helen Mallory of the First Na- tional Bank & Trust Co. of Elmira, N. Y.. ~ill address the Friday morning reakfast party for the women. L. Bamberger & Co. of Newark will present a fashion show for the women Briday evening. EXCHANGES ARE CLOSED. NEW YORK. June 1 (/) —Begin- ning their usual Summer schedule of Saturday closings, the Coffee and Sugar Exchanges were closed today. They will return to Saturday sessions on October 5. e e RUBBER FUTUBES NEW YORK. June 1 ® —Crude, rub- b s closed sie - - e 0E o ra e e S 2 oE ——— Venezuela Petrol. 1% —— 9% 9n 9u | W Va Coal & Coke | Wright Har t40c, —— EET 84 Yukon Gold 1 " Dividend rates in dollars ba D . sed o 1ast quarterly or semi-annusl maymenis inual rate —plus extra 1Accumulated Vi onfi; aPaid this vear. bPaig Companies epnrieq in ruce !h D or hrml reorganized. xEx dividend. NEW YORK PRODUCE. NEW YORK. June 1 . —Butter. .- 25y Creamers hicher than exira COre ). 243, firste (K 47 4 centralized (90 score) 96.534; 41 063 steady. Prices un- weaker. Mixed eolo selections from fresh standards and commesc '2| mediums. 40 2 pound. fage checks 21a2ils: storase. packec " firste. 54 White: Nearby Midwestern exchange standards 26> other whites un wn of remium marke s A Live pouitry frm e Do AL Geient graces (P —Secretary 5 New Orleans Cotton Ex- a. of May it has 168" jast vear overland acre and Potomac e and Canaca. 641616 -167 last year, and 604 941 ir 0r Stocks in excess of those iose of om 111 4130.000 e mxkr the to'el movement for the from August 1 to date K14 last vear and 1 for_the week have been | 5 last vear. making STar for the season 4,251 50 1768 last year. a decrease of spinners takires iean cot- Te against 00 “fast'vear ara 30% 000 year be- last, distributed as follows o North’ and Canacia, 20.000. against 1000, last ‘year anc ¥1000" year before South 71000 last last: for sive of Canada and Orient K3.000. &5t K0 000 last vear and 115 000 vear before last t 555 000. against 76.000 last vear ear before last Total ‘American cotton the season. 9 £42 000 against 15 & last vear and of which N azainst 1 year before las 4315000 last fore last: for Orient 5.000 year and 4.805 00 Orient. 1.4 vear and 10SX 000 "vear before Tast Stocks at the Seaboard and 10- Southern nterior centers have decreased during the week 105335 azainst a de- {reate during the cerresponding perind last season of 91 431 and are now 1 101.- 431 Smatler than at this date in 1034, 41 n n—Nomina INSURANCE STOCKS NEW YORK. June 1 (P —Security Dealers’ Association. for Aetna Cas (2':a) Actna Fire (1.60) Aetna Lite ( teultural (3) e Am Reinsur %'z Am Surety (1) Automobile (11 '] Bait Amer (10g) Boston (16) Carolina (110a) Conn’Gen Life ' 80) Fid & Dep (lag) Firemens 1Ins Frank Fire (1.10) | Glen Falis (1.60). NEW YORK. June 1 P —New York Security Dealers’ Association Bid an (113), . yEin.er XN Hanover (1K0) ° kiyn Tr (4 Hartford Fire (1) St Paul Fire (/) Springfleld (4'2) United s{-r, Goeit *Including extras : —Including extra “Declared or paid so for this vear. First Mortcace Loans S5%2% Complete Property Management Including Renting, Collections and Refinancing of First Mortgages Business Properties Homes Apartments RANDALL H. HAGNER & COMPANY NcoRPORATED MORTGAGE LOAN CORRE SPONDENT 1321 Connecticut Avenue N.W. Telephone: DEcatur 3600 Property Mortgage Management Automobile Insurance Insurance Our Property Management Department renders just the service that your apartment houses and residential prop- erties require in your best interests. Nominal fee. B. F. SAUL CO. REAL ESTATE APARTMENT AND HOUSE MANAGEMENT McPherion Sonare Natl. 2100 925 15th St. N.W.