Evening Star Newspaper, June 4, 1935, Page 13

FI\'AVCIA 'NEW YORK CURB, MARKET W e o nmunl Ilu u- 00. Hieh Low Close Kieo Share pf ww 100a 6L A3 #A'y Kmp GAF 1% pf. . boa 200y 200 204 94 $56e 2 16 1y I8 100 o 2 ImnAno\nrl 1 THE E\'E\T\fl STAR, WASHINGTON, 1. 0. TUESDAY, TYUNE 7, 1935 LARKET W0 FSALE INDEX DEFLATION VIEWS FALLSWITHN.R.A. OF MARKET SPLIT wan A—13 DOLLAR DROPS LOWER IN LONDON DEALINGS LONDON W Biates e ot ally o today & CURB ENDS DAY - AT PEAK LEVELS | electorate of & new deal program. the tung Into effect of which would ve been tantamount to devaluation Bpeculators who sold any of the gold currencies short have suffered large loases. The outflow of gold from France to America has been checked and there has been & ceriain & of capital returned to Paria from Lot don | Gold Production Remains High at 2,300,000 Ounces By the Associated Pre The United closed of« change ma o the pound, vernight New Biock and Balee— Dividend Rate. Add 00. High Low Clese Adams Millin istpf (1) ane 100 Aero Supply (R) 5B the foreigr e 100 ount 2 . ket 234 -l | Amaworth (ph). 4 208 o 1 a0 Aln Pwrpf (1) [ Mills ine. . Alum'n Co of Am. 45 Alum'n pf (1%).. 1508 Am City Power & Ltiad) A Am CliiesP&LR) Strcngth Evident Up to Final Close, With Few Hesitant, 3008 @y the Associated Press NEW YORK. June 4—The curb, mhrket. firm during most of today" séssion, developed further strength in the final hour and prices, generally, | finished at their best levels of me‘ cay. Only a few mining issues were hesi- tant. *Gulf Ofl of Pennsylvania got up 3| points at 69 and other advances of fractions to around 2 included Alum- | inum of ‘America at 54!, American | Cyanamid B at 19% and Great At- lantic & Pacific at 128. BONDS ON THE CURB MARKET. DOMESTIC BONDS. Pw 41:s ‘47 ama Pow 5¢ 46 Pow 35 51 ania Pow 3 ‘Alabama Po A%ummum = P Amer GaE Am G & Pow Amer G & Pw Amer P & L fs A d41a am R | Can Marconi. .... | Chesebrongh (14) | Como Mines...... | | Cons Copper. | Bridgeport Mach. Am Cynam 400 B. Am Founders. . .. AmGas & E140. 35 AmG&Epf (6). .'um.xnsv Am Laundry(40¢) 1508 15 AmLt&Tr1.20.. 5 10 Am Maracalb 2 Am Superpow Am Sup'pwr pf Am Thread pf 25c. | Angostura (120¢) Appatachan Elec Pwrpf(7)... Arcturus Ark Nat Gas A Armstr Cork (60c) Art Metal W (40c) AssOG & E (A).. Atl Coast Fisher.. Atlas Corp.. . Atlas Corp war... AtlasCp?f (3)A. Auto Vot Mch 50e. Ax-Fisher 3.20 A. Bickford's Inc (1) Bliss Co (EW)... Blue Ridge pf(a3) Bower Roll B (1). Brill Corp (A). Brillo Mfx (60¢).. [Pt | Brit-Am 0il coupon (80¢). | Buft N&EP pf 1.60 8 Buffalo Niag & Eastpt 1st pf 5. 160s Bunker Hill&Sul. 200s 93, 441: 10 Carib Syndicate.. 1 Carman & Co (A). 1008 Carnation Co (1). Carrier Corp. Catalin Cor B Cent States C. . % Cent States Elec 7% pf... 1% 3 T 181 15' 505 6 508131 Chi Riv&M (1%). \ l‘\ Citles Service.... Citfes Service pf.. Cities Service Pw & Lt $6 nf100s Clev Elec [1lu (2). 1 Cleveland Tractor 4 Colon Ofl. 2 Colt'sPat FA 11 258 Columb O&G \l(‘ 1 Com'wlth&So war 10 Com’'with Ed (4).. 16 5 2 Compo Shoe Mach s.te.(50¢). 1 Cons Aircraft.... 3 . 193 | Cons Gasof | Cusi-Mexicana M. | Distillers C: Consm_Power Cont G&E 5s A Crane Co 58 De Be € &2t 88 Bet fa G tain Balto (3.60).. 3 Cord Corp. .. v Cosden Oil (Me).. 1 Crane & Co 2008 Creole Petroleum. 62 Croft Brewing.... 3 Crown Cent Petr. Crown Cork Intl (11) 1 31 Darby Petr Doehler Die Cast. Dow Chemical /2) Dubelier Condens. Duke Power (3).. 508 Eastn G&F Asso. 1 Eastn G&F A pf 6 2258 Easi'n States Power (A)... 508 Elec Bond&Share. 100 Elec BA&Sh pf (5) Elec Bd&Sh pt (6) 3 4 4 2 6 | Elec P Asso (32¢). Elec P As A (32¢c). | Elec Pw & Lt Fairbnks Federal Wt 5 restone CM Firestone Tire 58 Florida P&L 5 G s ' opt war. Elec Sharehold'g. o Mich Sug pf...... DIVIDENDS ANNOUNCED NEW clared (prepared “by the Sta tistics Corp.): B atL st 4 lllPl'&LMC 58 1011 1067 1083, Am Factors Accumulated. YORK. June 4.—Dividends de- ndard Sta- *ll-O A&Tool 2 & | Falrehild Aviat'n. 18 Fajardn Sug ally. 258 staft Browery. 1 | Fiatrets (ph1%e) 1 | Pisk Rubber ... 4 | Fiintkote (A)'(1). 2 | Fla Pw&Lt pt. ... 1008 Ford Mot Can (K1) A...oo 10 | Ford Motor Lta Ltd (p17.7¢) 7 Garlock Pkg (1).. 1 | Georgia Pw pf (6) 258 T | Glen AldenC (11) 7 Goldfield Consol.. 7 Gorham (A) 1 Gorham pf ww... 1508 Gorhm vic ex pilc 1 Grand Rapids Varnish (50e) 1 Great Atl & Pac Tean-v (16) 70s 129 Greyhound (Del). 27 45% | Groe Strprvte... 1 %4 Guif Oilof Pa.... 19 69 3 14 127 44% W 66 128 454 Y 69 10% 147 15% 68 2 Hecla Mining Hollinger G (165¢) Hudson Bay M&S. 19 Humble Oll (1)... 10 Hygrade Food.... 1 111 Pw&Lt $6 pf.. 3508 Imp Oil Ltd coupon (t50¢) 92 Insurance Co of North Am (2) 2 .62 Hydro Elec System cv pf. 758 intl Min (p30c).. 2 Intl Mining war.. 2 | Int'l Petm (7113). 49 Int Uil (B)..... 1 Irving AChalle. 4 25'% ?| 1nu Jones & Laugh St 208 2t Kirby Pet (alfec). o | Klein (DE) (1), Knett Corp. | Kreuger(G)Brew. Lake Shore M(12) Leonard Oil Libby McNeil s 3 Lone Star G alse. 1 Long Island Light 1 Louisiana L&Ex.. 21 4 7 1 3 a 5 5 | McWil Dredge(t2 550 | Maryld Casuaity. Mead John (13).. | Mercantile St (1), | Merritt Chap & S. . 4 2 1 100, 1 1 T 5 Mohawk Hudson 18t Pt (4).... 3008 Molybdenum. 4 Mont Ward (7) A 160s Montreal H Lt & Pw (1%).... Mount Prod (60c) Murpny Co (1.60) 56 10% 141% 55 102 1401 Bella Hess... at Fuel Gas (1). Nat Investors. ... Nat Invest war... at Leather. . at P& L pt (6). Rubber Mach at Service. . ... at Sugar Nat Union Radio. New Brad Oil 20c. NJZine (2) ow Mex&ArizLd Newmont Mas0e, 4 49 N Y Tel pt (6%). 100-]18 % Hudson Pwr 24 Niagara Hudson Pwr A war .. 17 Niag Shrs(Md)B. <Niles-Bem-Pond. . pissing a121s¢) | Noma Kiec Corp.. " Novadel Ag (2)... | — | Ohto Power pt (6) 1 1 3 50. 591 1% & 4n 18 2% 1% 20% Pacific Eastern. .. Pac Gas & Klee 1st pf (1%4). 4 2h7s 2 | Pac Light'g pt(6) 50s 92% Pac PublieSve. . 1t Pan-Am Air (1) 381y PantapecOll..... 28 2 Parke Davis (11). 1 39% Parker Rust P(3) 50s 58 Pennroad Corp. 2y Penn P&L pf ( 929 Phila Co (80c) ™ Pe- 8t'k of Pay- | Phoenix Secur Rate. riod. record Frost Steel & W $1 Thompion “Prod” pt 31 Utica Knit ;% pf Electric Contr & Mf Regular. Axton Fisher Tob A Balg Cb 6% cum pf Beatrice Cream P Black & D Mig 57 Broad St Tr !Phlll Budd Realty Corp Celanese Corp of Am r Bo &80 bt Do 6 pf b 333 DZZZO0000ODOOODOGE DyOOOOOOZ able. DI2IDRU Phoenix Secur pf. Pioneer Gold Mines Lt (8vc) Pitney Bo P (2 | Pitts Plate GI(12) Pratt & Lamb (1) 100s 2 | Premier Gold (12e 3. 1% Public Sve Northn | 111 $60 par 100s 30, | Puget Souna 2 768 13% 1508 52% 51 | P&L 360t | Pure Ol pt | Reybarn Co.. 11 Root Refining Ruberoid Co (1) st- St Regls Paper. 1 Salt Creek P (80c) | Schiff(The)Co(2). | Segal Lock & H... | Selby Shoe (2) Selected Indus Select Ind pr( Shattuck Den Mip 14 | Shawinizgan Wat & Pw (50c)... 2 Sherwin-Wil (3). 400s 7 1 1 1008 2 97 Decision Cuts Prices by 0.4 Per Cent—Only One Group Advances. NEW YORK, June 4 -—World pro- duction of gold in April totaled 2300~ 000 fine ounces against 2,301,000 in March and 2,147,000 in Pebruary the American Bureau of Metal Statistics reported today. Domestic output vas 251,000 against 269,000 in March and 220,000 in Nevertheleas, opinion outaide France i that devaluation has only been postponed. The threat to the franc was never an inadequate supply of gold, nor even the apeculative at- tack, savage as that was, but the un- balance French budget, ot N. R. A. Court Ruling Seen as Harmful by Some. Others Optimistic. lomed ared 4“H 1850 | week, while only nine advanced: | but will remain as a director. s 15% 242,000 ounces 1gainst The decline in commodity prices which followed the N. R. A. decision by the Supreme Court last week re- sulted in the wholesale price index of the National Fertilizer Association &Y dropping to 78 from 78.4 in the pre- e——— e ceding week. A month ago the index was 78.1 and 5. year ago 71.7, based on the 1926-1922 average as 100. The decline in prices last weck was general. with four of the component groups declining and only one advanc- | ing. The most important decline took | place in the grains, feeds and live | stock group, the index of this group | declining_from 90 in the preceding | week to 87. Sixteen commodities in | the group declined, including grains, | hay, foodstuffs and live stock. The | decline in the textiles group was largely | due to the sharp break in cotton prices which took place in the latter part of the week. Silk and burlap prices also declined, but wool and woolen yarns were higher. The fats and oils group | continued the decline which has been in progress during the last several weeks, with seven items in the group moving downward in the last week and none advancing. The advance in the foods group index was largely due to higher prices for pork and apples; eggs and flour declined in price. Thirty-seven commodities included in the index declined in price last in the preceding week there were 22 declines and 28 advances; in the second pre- | ceding week there were 21 declines and 34 advances. NEW YORK. June 4 Aetna Cas (2'za) Aetna Fire (1.680) ., Aetna Life (), Agricultural (3) Am Ins Newark ('3). Am Reinsur (215) [, Am Surety' (1) . Automonile (1) Balt Amer 1 BUTH Boston (16 Carolina (1 |"al oo Gity of N ¥ n g Conn Gen L!(e ‘ sy Fid & Den (Ig! Firemen's Ins k_Fire (1.i0a Gl'n Falls_(1.60) Glol & Grrlt Am-' lh Halifax (00) Hanover (1 60y Hartford Fire (2) Home Fire Sec Home Ins 2 10a) Lincoln Fire Mase Bond ash | 8t Paul Fire i#) Sprinafield (4712) Sun_Life Travelers S Fire (1 3 Westchester r| S0 a—Including extras NEW YORK. June 4 HEADS NICHOLS COPPER. NEW YORK, June 4 (P).—Walter C. Bennett, vice president of the Nichols Copper Co., has been elected president, it was announced today. gueden, 2545 D C. W. Nichols retired as president, =19 Switzerland Portugal 4 50: Greece oslovakia 1% 500 NEW YORK BAR SILVER. e El e | He real “Fingerprint Faurot” scoured the country for clues — amassed sensa- tional evidence showing better than 43% longer non-skid life T WAS a strange assignment for America’s pioneer fingerprint expert. But he trailed “G-3" All-Weathers —dug out the cold-turkey facts—piled up the evi- dence — just as re- February. FPigures for Canada were 249 000 March and 229,000 in February. South African production came to 870,000 ounces compared with 886,~ 000 in March and 820,000 in Febru- INSURANCE STOCKS e | ing sentence on the N. R. A, Security Dealers Association: &—Declared or paid so far this year, FOREIGN EXCHANGES P —Foreign ex- | Britain in dollars. Great Britain g H0-day a: cable o NEW YORK, June 4 (#)—Bar silver Mnn;r-."i',n New o SR T e s . - 0.0 | weak, 13 lower at 72! WHAT A SUPER SLEUTH REVEALED wour e MIILEAGE (Copyrisht in N BY GEORGE T. HUGHES. NEW YORK, June 4 (NANA).— While the markets, with the notable exception of cotton, have recovered a measure of composure, financial | opinion is in as great a state of con- fusion as it has been since the Supreme Court decision was handed down pass- Department 140-190 " po B sen 10 | First there are those who urge that ; | the dissolution of that price-fixing | and wage-regulating institution, with | all its hampering effects on private | business, was highly constructive and 3013 | will eventually accelerate recovery in: 3013 | stead of retarding it. This side ad- # | mits that there may be an interval of hesitation, and possibly labor disturb- 51s | ances and price cutting, but that the | ultimate result will be to establish | business revival on a firm foundation. Those who hold this view are not selling stocks and are ready to ac- cumulate them on recessions. Prolonged Deflation Feared. The dissenters express fear of a more or less prolonged deflation af- fecting _securities and commodities alike. They envisage failure of the cffort to bring about voluntary com- pliance with provisions of the codes ep. R, ? | that all admit worked well, and they predict a long series of strikes. Even more stress is placed on the probable trend in commodities, If the reaction in staples goes far enough, they expect the hands of the infla- tionists to be strengthened. This con- | flict of viewpoint is likely to produr:e‘ pounds. .1 Cattle. 7, | market on teers, es | 12,50 paid vealers common_an excluded), common 200 008 Stocker and choice. K1y | 300 | & stalemate in the market. Meanwhile one disturbing element has been eliminated. For the time being at least. The new French gov- ernment declares it will maintain the present, gold parity of the franc and the outlook now is that it can make good. LONDON ments edsed quiet PARIS losses sut the Bourse were the e the market Gold Bloc Strengthened. The whole gold bloc has been | strengthened by the test which the French currency has successfully met and by the rejection by the Bwiss | ax frmer == when we told him to “get the goods on G=-3” jewspaper Alllance. Inc ) CHICAGO LIVE STOCK, CHICAGO, June 4 IRtllAd!‘ 7000 diree! pounds. 9 eavy weigh packing sows. | 100-140 pounds. .5 mon feed cows unevenly lower: stead: Bteers. good and 1.300-1500 pounds, and_feeder catt common .nd medium. and medxum L.5va2 FOREIGN MARKETS. By the Associated Press. change today was inac 15 aek of Susport: BERLIN —Electric was firmer ds Exchange oliar was 7493 1048 by the North The American on 1 | 1 (United States | Roen 18 5 FAILURE TREN') CONTINUES NEW YORK, Jine 4 7 trend of b s fatlures upward, Dun & FEradstreet today for the ar May 30. There ¢ compared wit week. in which there and 219 in the week er For the like period last defaults numbered 216 r of Awricuityre) unds, light mm .nna 5 insolvenc ies the & a led Ma year Wil 250 _pounds 0-350 pounds. o i dium and good bap.1s: piss. Kood and choice. 000 mvn very slow medium weights and weighty ially better grade kinds suit ‘astern shippers. T Tower rade s dy slow mixed *yearlings for 'vearliags: cuiter ahd coms bulls nm Slaughter cattl choice. §00-1.100 pound 00 pounds. 10.75a 11.00a14.00 50-1.300 pounds. | and choice, Reund-Trip Fares 11000~ Good on specified trains only-for details see flyers—c agents d medium, Sunday, June 9 $3.50 New York Saturday, June & New Hoven $7.00 Boston Providence cows common and mrd'um ter and cutte Food and 5. 00 ibeer) medium. '3 choice. cull and $4.50 Itoona $6.00 Pittsburgh 00305 s Baltimore $1.25 Every Saturday - Sunday $1.50 Daily—Goed for 3 daws Atlantic City turdass, June 8. 22 $4.25 2-Day Excumion $9.255$11.25 2-Day All-Expense Town Tours include rail fare lodaing and 5 meals Sinale room $1.00 additional $5.65 New York Daily one way coaches only Lv 12 30 an —Trading on th " ‘ ock P 24 r Niagara Falls $]680 Leave Friday and Sanvrdey ‘The ‘clotins © Round Trip June 21 or 22 _Stocks recovered part of the ained in vesterday's decline on il aders in_today’s ciosed firm jesues led on the Boerse and pite s be: P Low Round-Trip Week-End Fares to all Points PENNSYLVANIA RAILROAD vance, and the § the ¢ worn but grip still visible. Far better wear than previous tires—owner well pleased. Case No. 126—A4/buquerque, N. M. Light delivery truck. *‘G-3"" on rear wheel still has grip at 14,601, Tire of other make smooth at 7,000 on front wheel. Case No. 204— Oakland, Calif. ““G-3’’ tread still vis- ible at 31,254 miles —at least 45% better than former tires. * There are the rec- ords. They speak for themselves. But they do not tell the whole story. What makes this bigger, heavier, broader tread a complete success is the body of Supertwist cord beneath it—patented Supertwist cord to o o The continues reported « werk which ended the lentlessly as if he were on the trail of a kidnapping « gang. Pfaudler Co Pocahontas - Fuel Safe Dep & Tr (Bait) S5 W Penna Pipe Lines S1 ;nrx‘nerheuerp : f, V2 Lehigh P 8 fis © = 5 ompson_Prod pf $1.75 Lexington Ut 3s f f Thomson Elec Weld Libby McNeil & L, 55 "4 | Uny States” Gauge..£2 Long Taiand Lighf s 43 prErs P&LSS 5. .. | Woolw'th (F W) Co Ltd A DR for 6% put extra come- back, extra dura- bility in every ply. And extra protec- tion from blowouts, ‘ Sherwin-W pf (6) 108 106% 1064 Singer Mfg (16).. 308255 253% South Am Gold & Plat (4Ve). South Penn O 1.20 Southn Calif Edis pf (1%) Southn Calif Edis EdpfC(1%) 8 1061 255 . .. trailing salesmen on their routes.. .fallowmz country doctors over muddy roads. . . cross-examin- ing motorists from coast to coast . . . Detective Faurot (center) gathered cold-turkey evidence on 3 3 1 25 3%, 244 3% 25 P ADDAD BRI IAIIIIDIAB DDA EEEEH 000D o. Pee 100s 37 36'% 201 3615 20% 208 58 uu ' Angeles GE 5, G NieGora Rad B Manitoba Pow 5l Mass Gas o3 5% Gas _3ias 46 Memnmx PAL 5 A 48 Metr & § e Chickasha Cotton OIl. e | El Contro] ller & MIB. 25 Mack Tricks . 4 Phoenix Ins C | International a33) | Pratt & Lamber 2 | TH Cont © 86'cm br.81° Ne Bras 85 45 11 Nevada c-gr 8, 36 mst 3 Eng G Tenn Pub Ser 5 * Texas Elect 31 Tex P&L 53 A | York Rwy 55 l"‘:« 10134 I108m 25035225553 asssan003 5005555003055 2 HER R & =3 %, S 2333, “ 1e 1D Dk 3 > 55100655550 B32n3ITIRZRRI :-bi w U Wise PAL 3 ES6 FOREIGN BONDS. Baden Con M. 7s 51 3 M&N Ternl So 62 PABTSIAZADBIBUN 1014 1014 1013 ml"- 415 41 msh 1n5' 55" 551, 106 10614 Ve 11414 114 Y, 5 605 803 Southn P L (30c). 1 Stand Brewing. .. Stand C&S (2.40). Stand Ol Ky. (11) Stand Oil Ohlo... Stand Stiver & L. Starrett Corppf.. 3 Steel Co Can {1 h .100s Stutz Motor. 8 Sunray Oil. Sunshine M llfle) Swift & Co (750¢c) Swift Inu (2). | Swiss Oil (40¢). 412 % 4 % 31 204 17 41 1 100s 12 Taggart Corp. Tampa Eiec (2. Tastyeast Inc (A) Technicolor Inc. . Teck Hughes(40¢c) Texas Gulf Prod. Texon O&LA(60c) Tob Prod Ex(10c) ‘Trans Air Tr sta.. Triplex Safety Gl (k47 1-10c).. ‘Tubize Chatillion. Tung-Sol Lamp... Union Gas (Can) (t10¢). Unit Chemical.... Unit Chem pt pf Unit Founders. .. Unit Gas Corp.... Unit Gas C war... Unit Gas Corp pf. Unit Lt&Pw (A). Unit Lt & Pwpf.. 15 Unit Shoe M +234 .1508 USElec Pwww., 1 USFoll (60c) B.. 2 US&Intl Secur.. 1 US & Internat’l Sec'1st pf ww U'S Play C (12).. U S Rub Reclm Unit Stores vtc. Unit Verde Ex 400 Utah Pw & Lt pf (m1.16%c). Utilities P& L. Utility Equitie: Utility Eq pfd%)zol)l 21 2 4 Yukon Gold 8 1 # 1 Dividend rates in dollars bused on the last qui or VAnntal rate Bis exira. dividends. aPaid this vear. @Companies revorted reorsaniasd. 35 or £ T T 508 2i 5 & 2 56 1% % Venezuela Petrol. Wenden Copper. .. Wright Har 140c. What we want- ed to know was —how well do these tires serve the public— how well do they live up to their Goodyear test-fleet records for giving 43% longer non-skid pileage! They made those records just a little over a year ago. Remember the famous driving order: “Speed up to S50—jam on the brakes— speed up to 50 —jam on the brakes!” That was tough on tires —but it proved these “G-3" treads kept their grip longer than any tire ever lasted before. How evidence piled up So Joseph A. Faurot—Chief of the Department of Identification,Com- mercial Crime Commission—and former head of detective activities THE GREATEST NAME MORE PEOPLE JIDE ON GOODYEAR “G-3"’ performance for Greater New York—went after evidence. We can’t publish his vast investigation here — but we can tell you the result: Over and over—on all kinds of cars—under all kinds of driving con- ditions—his reports show that “G-3" All-Weathers are beating their own. test-fleet records. Here are a few typical examples: Case No. 93— Salesman. Detroit. Fast driver. Mileage 33,608. Plenty of grip on tread. 50% longer non-skid than former tires. Case No. 100—Elgin, Iil. Mileage 13,999 —tread still good for thousands of miles of grip. Traded in former tires at 12,000. Case No. 25 — Greensboro, N. C. Owner likes to burn up roads. Mileage 8,183—tread % TIRES THAN ON ANY OFHER KIND =\ too. Go see your nearest Goodyear Service Sta- tion dealer. He's ready to show you local evidence, and with all their extra miles of safety, ‘“G-3'’ All-Weathers cost no more. THE GOODYEAR TIRE & RUBBER COMPANY, INC. AKRON, OHIO Over and over Faurot's reports PROVED 4G-3" All-Weather tread delivers more than 43% longer non-skid —because of the broader rpad contact of a flatter, wider All- Weather tread —because of the slow,even wear of closer-nested non-skid blocks and wider riding ribs — because of more rubber in the tread—an average of two pounds more per tire AND QUICKER STOPPING SAFETY because of the greater road grip of more non-skid blocks inthecenter of that famoustread!