Evening Star Newspaper, June 5, 1935, Page 17

THE EVENING NEW YORK CURB MARKET Stock and Bales— Dividend Rate. Add 00. Bigh. Low. Close Garlock Pkg (1) 2 27 26% 26M Gen Alloys. . 2 1% 1a 1% Gen EI Ltd rcts (k30'se) . 4 13% Georgia Pw pf (5) 50s 63 62 63 61% | Georgia Pw pf (6) 258 76 76 76 70 | Gilbert (AC).... T 3 3 17| Glen Alden C (t1) 18 16 15% 1d'y STAR, WASHINGTON, 1. €., WEDNESDAY, JUNE | CHICAGO STOCK MARKET |ghany, Pa. He was graduated from | | the rank of lieutenant, and was suc- N R A BOI-I-APSE PARAMUUN]’ HEAD | cessively generzl superintendent, vice the ‘thomiets SMal lsy of | aRSACHIons }presldcnt and president of the Win- Recession in Bookings Is 5. 1935. s A1 ELEGTRIC POWER HITS LIGHT SLUMP ' Decline in_stocks on the Chicago Steck Exchange High. Tow. Close | RRI, R7ly 87la 5 | By private wire direct to The Star. Stock and Sales— PRICES IRREGULAR | IN BURB IRADING Aero Supply (B). Air Investors Ine. 3 { Air Inv Inc war.. 1 | Ala Powr pf (6).. 308 @ | Ala Pwr pf (7)...1102 Traders and Investors Are| aea iiis ine.. 20 | chester Repeating Arms Co. |_He later became amliated with | Electrical Research Products, Inc., of | which he became president in 1928. | 410 Am “Pub ' Sve pf Armour & Co.. 150 Assoc Invest . 300 Autom Prod .. 50 Bastizn-Bless Bendix Av Berghofl Brew’ 700 Borg-Warner .. 450 Brown PAW A'n 1315 13% Reflects Holiday. Hesitant and Gains Balance Losse By the Associated Press NEW YORK. June 5. S. Trre gular price movements on the New York Curb Exchange today hesitant mood of traders vestors. and reflected the in- Gains and losses were about even at the close, while a generous scatterinz of issues came down the home stretch unchanged. Gains of fractions were scored by Aluminum Co. of America, Creole Pe- troleum. Gulf Oil Lake Shore Mines Plate Glass. BONDS ON THE CURB MARKET. DOMESTIC BONDS High Abbott's Da Alabam Pw 4 ' Alabama Pow Alabama Pow Alabama Pow Aluminum Co Aluminum Ltd Apich Pw Asso El Ind Asso GE Asso G&E Asso G & Ass0 G & A G&E Asso G & Asso TAT 3 Asso T 5! Bald Bel Tel Eel Tel CM 3 Brmnzm El 4 Brmham Gas Canadian Can No P Cap Ad 55 na ‘P&L Cent 1ll PS Cent Til PS 4 Cen Iil PS 43 Me P Me 4'25s E O L&P_5s A Pw & Lt 3 Sta Elec Duke_Po; Elec PL E] Paso N Elmira NL&R. lm, Dist Ei DO & R 5 Guardn I Gulf St Eraim £ 2 Hygrade Fd 6s A '49 Idaho Power s ins Cent R llins Pow & L 6s Tins P & L 5las Jins P & L TNins P& L Ind & M El Bs. Ind Elec 65 A Ind El 5 Ind Gas Indiana Indiana Ser 5 Indnp P & L Int Pw Sc_# Internat Kentuck U ; K McCord Rad Manitoba Pw Mass Gas 5s Mass Gas 5' Metro Ed Metro Ed Mid W U Mid W U an G k Lt Minn P & L 4 Minn P & L Miss Power Miss Pw & Lt Missou P L Mo Bh Svlhe Mon WP 5! Narragansett os Nat P & L 6s Nat Nt Neb Neisner B'o& LE Nevada New Eng G&F New New New fes § RO 004 N Y St'EG 413 NY & W Lt 4¢ Niag F P 55 A Niag P P 6s N Am L&P 5'as N Con U 5'as A Nor Ind G&E 6 Nor Ind P8 35 C Nor Tnd PS 3% D * No In PS 41 Ohio P&AL Nor Stat P No Pa Wes Oil 12 '4 Pa C P&L 4's: Penn Elec_1s 55 D Pen W&P 4125 B Peop G L is B Phila Elec 5s Pied N R 5s A Pitts Steel 68 Portland G C 55 "4 Po Co N Y 5las 47 Pow Sec Corp 6s, '49. ] 56 P T 4155 F I Aloe H Okla 58 C 61 Fx S P& LS3asA 80 A1 Low 211 106% 101 101% a1 a1y 100 106 10614 10435 109 105 of Pennsylvania, and Pittsburgh | Close. Fe 104 | Stand G . | Hamburg EI 9 9 Alum'n Co of Am. 7508 5 Aluminum Ltd... 1 2 21 | Alum'n Ltd cupf. 1 65% i 65% | Am Book Co (4).. 108 681 | Am City Power & Lt (a3) A Am CitiesP&L(B) | Am Cynam 40c B. | Am Founders st pf (B)... Am Gas & E 1.40. Am G & E pf (6). .2 Am Hard R Am Lau Am Lt & Am Maracaibo... Am Superpower. . Am Sup'pwr pf.. . 3508 42 40'; 24 3 20 3 18 193 w19 258 21 51 284 52105% 104 508 10% 10! 14% 147 100 10 21 27Y 105 10% 8008 Arcturus Ark Nat ( & Armstr Cork(50c) Art Metal W (40¢) Asso G & B (A) Asso Gas & El pf. Atl Coast Fisher. Atlas Corp | Atlas C pf (3)A Atlas Corp war. .. | ‘Aute Vot Mch 500 | Ax-Fisher 3.20 A. beock & Wil 40c 258 40 Bellanca Afreraft Bell Tel of Can(6 Bliss Co (E W) Biue Ridge Corp. 1e Ridge pf(a3) wer Roll R (1). 1zl Trac L&P. idzeport Mach. 50 o 2 Brown Co pf..... 100s Buff N&IZP pf 1.60 6 EuttaioNiag s +| Eastptistors | Bunker Hill&sul. | Burma Lt i (047 7-100) er Bros 200s T5s ;| Cable El Prod vie. ‘ables& Wire (A) e y Matcont l arib Syndicate. er Corp “atalin Corp.. ... 11 sepf (7).. 25 Celanese st pf(7)100s « 1loid Corp pf. 508 Cent Hudson G & Ectfs (80¢). Cent States Elec Charis Corp (1'3) Chi Riv&M (132). Cities Service. ... Cities Service pf.. Clev Elec [llu (2). Cleveland Tractor Colon i1 Columbia Gas & Elec cv pf (5)3258 inity Water Sery Columb O&G vtc. with Ed 14) with&So war nity P& Lt 1st pf Como Mir 6 ice 14 Cons Aircraft & Copper Cons Gas of Balto Cons Royal (2 . Coat G&L prpf 1. Cooper Bessemer Couper Bess pf A. Cord Corp . & Corroon & Reyn. . Corroon & R pf A. Crane & Co. Creole Petroleum. Croft Brewing ~Mexicana M. Darby Petr (50c). Listiilers C-Seaxr Doenler Die Cast. Dow Chemical 12) Dubelier Condens. Fagle Plicher Lid Lastn Gal Asso &K A pt 6 12 States Pw Power (B)... Elec ljw,m\\hare l"ch P Asso AJEC) Elec P As A (3zc). klec Pw & Lt opt war Elec Sharenold 8. 24 Elec Share pf ww 300s kmp Dis Elec pf. . 5(!; Equity Corp I\I’rl\u Pipe L (4) u\ul B European Elec Ltd (A)(buc) 1 Ex-Cel A&’lool 1 Fairchild Aviat'n 1 Falstafl brewer 1 Kerro knamel bue E Fidelio Brewery. . 1 Fisk Kubber 5 Fisk Rub pf (f). “lintkote (A) (1) la Pw&la pf, Ford Mot Can (klig) A, Ford Motor Ltd Ltd (pl7.7¢) Froedtert Gr& M conv pf (1.20) b0s 1008 El Sou Calif Ed Sou Caiif Ed {SW P & L os A SW Pub Sve Stand G | Stand G & & and Inve |Sup of Il Superpw i} Swift Co Syracuse 1 Tenn El Pow Texas Elect Tex B & L Tex P & L 5t Therm "t Tide W Pw 5 Toledo Ed 5 Twin C R Ulen Co Unit L & P fis Unit L & P 6las Un L & R 5las Un L & Ry 65 A Un L & R 65 U S Rub 6'zs U 8§ Rub Hlas Utah P & L 4 Utah P L 65 A 2 Va Pub_Serv ©s Va Pb S 5'zs A '4 Va P Serv 5 Wash W & P West New De West Penn 55 West Pa Trac Wes Tex U 5 WUGE?: Wheelin Elec Wis Min L P |Wisc'P & L 55 E Wisc P & L 55 F Wis P Ser A 6s *59 York Rwy 5s . FOREIGN Baden Con M Buen A P 7 | Cen B Ger 6s Cen Bk Co Cm & Py B 5 Danish Con 5'2s Danzig_Por 6! Eu E Cp 638 ' Europ Mtg 7s C 22 102 101 10414 104 106% 1nn:: 104108 g t i .. 105 104% 105 .+ 102% 102% 102Y% Foa | a0 03, 85 a4 407 31 o kX 1% Medellin_ Col Fin de Jar & Rus 6'2s ctf NC '19... 147 | 2| Umit Corp war. ... 55% | Globe Und (ki0c). 1 9 | Goldfield Consol.. 11 % % % Gold Seal Elec. 3 M Grand Rapids | Varnish (50e) 2 ™ ™ Great Atl & Pac Tea 1stpf (1) 108127 127 127 | Great At1 & Pac Tea n-v (16) 1108 128 126'4 126'% Greenfield T&Die. 1 413 4l5 4% | Greyhouna (Del). 15 453 44 44 Guif Oilof Pa.... 8 70%: 69 69% — Hecla Mining - | Helena Rubenst'n Hevden Chem(f1) Hollinger G (165¢) | Hudson Bay M&S. Humble Ofl (1). Hygrade Syl (2).. 25 —_— | 111 Pw&Lt §6 pf.. 3508 6% | 1mp Oil Ltd coupon ¢150¢) Imp Tob Grt Br & Ire (p71%sc) 1 Indianapolis P&L cum pf (6%2).1008 tnsurance Co of North Am (2) Int) Hydro Elec ' | Svstem cv of 2758 ) G'l Int'l Petm (11%). 21 (o Int) Util (A) 1% Irving A Challe 104, | | Ital Superpwr(a) 3 1 Jersey Cent Pwr & Light pf (6) 10s Jones & Laugh Stl 80s Kerr Lake (aloc). Kirby Pet (aloc). Klein (DE) 71). Kreuger(G)Brew - Lake Shore M(72) Lehigh C&N (50c) Lerner Strs pf 6 Libby McNeill&L Lone Star G alde Long Island Lignt ot AT Long Isiand Light ot (6) B. Loudon Pkg 71 Louisiana L& E: Lynch Corp (2). | 10% 1015 | Tw | 101 1ty 50 42 3 1 4 5 14 | McCora rad (By. 1 MceWil Dredze(r2 4008 Mavis Bol (A)(r) 1 Marvl'd Casualty . Mead John (73).. Mem Nat G alve). Michigan Sugar. . Mich Sug pt Monawk Hudson .t pf (4) Mohawk H 2d pf | Sotybdenum... . 24 Mont Ward (7) A 100= 141%, | Mount Prod (6c) 3 5. Murpny Co (160) & 9l 1 1 4 Nat Dairy pf A(T) 258 108 Nat Fue Gas (). 13 Nat P& L of (6) 60us Nat Rubber Mach 5 Nat Service Nat Sugar N J (2) | Neni Corp 16008611, New Brad Oil 20¢ NJZine 2). Newmont M aile. 2 Hudson Pwr 92 Niagara Hudson Pwr A war Niag Hud Power A0 (3N Niag Shrs: Md 1B, Niies-Bem-Pond Nipissing al2!zc) Nor Am L&P pf. Northn Cent Tex. Northn Ind Pub Sve 1% pt Northern States Power (A) Ohlo Oil cu of (6) 2008103% Pacific Eastern. .. rac Gas & Elee 1stof (138) . 11 Pac Light'g pf16) 2508 95 Fac Tin spec (1). Pantapec Ul - Parke Davis (11). Pennroad Corp. .. Penn Salt (3) Pepperell Mfg (6) Pet Milk p Phila Co (80c) Ploneer Goid Mines Ltd (3ve). ... Pitnev Bo P (20c) Pitts Plate GI(12) Potrero Sugar Premier Gold (12¢ Pub Sve Ind prpf 10s Puget Sound P& L $50pt.. 325e Puget Souna | P& L§6pt.. Pure Oil pf ..... Pyrene Mfz 9 1 1 1008 a0s Rwy & Lt Secur.. Reynolds Inv Richfeld Oil Cal pf (r) Ryan Conso St Anthony Gold. St Regis Faper 15 St Regls Paper pf 230s 2 Salt Creek P (30¢) Savoy Oil Secur Corp Gen. | Segal Lock & H | Selected Indus, | Selected Indus allot cfs (3% Sentry Safety Con Shattuck Den Mip 21 Snenandoah...... 1 Sherwin- Wi ). 300s South Am Gold & Plat (40¢). | South Penn O 1.20 Southn Calif Ed pf B (1%) | Southland R ¥ . Stand C&S (2.40). Stand Oil Ky (1) 13008 6 8 Stand Oil Ohio. .. Stand Stiver & L. Stutz Motor. .. Sun Investing . Sunshine M (80¢) | Swift & Co (750¢) Swiss Oil (40c) Tampa Elec (2.24) Tecnnicolor Inc. . Teck Hughest40c) Texas Gulf Prod. Tex P&L pf (7)... Texon O&Ld(60c) Tob Prod Ex(10c) I'ri-Contl C war.. Tung-Sol Lamp. Union Gas (Can) (110¢) Unit Chemical.... Unit Founders. Unit Gas Corp Unit Gas C war Unit Gas Corp pf. nit GEE pf (7).. Unit Lt&Pw (A). Unit Lt&Pw (B). Unit Lt & Pw pf.. Unit Molasses Lid (p6%) ... 8 Unit Profit Shar'g 1 Unit Shoe M t213.200s LS ElecPwww.. 1 U S Foul t6ve) B.. U S & inul Secur.. US& Internat’) Sec 1st pf Ww Unit Verde Ex 40c Utility Equities. . Utility ka pf(34)1508 Utility & Indus ot | Utilitles P& L. 10: 4 3 27 3 1 1 16 | Walgreen Co war. | Venezuela Petrol. Waker (Hiram).. | Western Auto Supply (3) A. 100s 5275 x Wright Har 740c. 10 % 2 24% 24% 24% 5214 8l 5213 % ! Yukon Gola. ... 14 1 1 1 Dividend rates in dollars based on the last quarterly or semi-annual payments. 7Annual rate_plus extra. rAccumulated vidends aPaid this year. bPaid I ar. dCompanies reported iff receiv ship or being reorganisad. XEx dividend. | result of the sudden | code control. calm was restored rather Small—Production Drops Slightly. By the Associated Press NEW YORK, June 5—While steel demand was adversely aflected last week by the end of the N. R. A, the recession in bookings was than might have been expected. said Iron Age today in its weekly summary | of conditions in the iron and steel The rate of steel ingot production declined 1 percentage point to a na- tional average of 41'; per cent of capacity. The holiday also was an influence in the lowered activity. “Though confusion was the first termination of quickly.” asserted the review. “Buy- ing, which has been on a short term basis for some time. has shown little more than a seasonal dip. “Hesitancy on the part of consum- ers is reflected principally in unwill- ingness to make commitments for the third quarter pending clarification as to the trend of prices ‘Scattered long-term inquiries some of them calling for deliveries until the end of the year. have been put out to test the market, but to date pressure for lower prices has not been severe, and existing quota- tions have held without a break. “The spontaneity with which lead- ers of the iron and steel industry promised maintenance of €xisUng wage standards, first mm\ldua. y and then collectively by tion, augurs well for & continuance of stability rather than an early up- set of present market level: While still a bit nervous, the steel markets have shown some covery of confidence, according to the summary. st rap smaller | #00 Brown PAW B n 100 Butler Bros 1090 Cen Il Pub v of Cen Ind Pow pf 0 Cen & S W pl pf 200Chi & N W 0 Cherry Burrell Cord Corp 700 Crane Co 20 Crane pf 2100 Bayton ” Ruibber 10 Decker & Cohn .. 30 Eddy Paper 100 EIHousehold S0 Eiemn N Watch 150 Goldblott ..~ .., )10 Gt Lakes Dredge 1 Houd Her B 0 il Brick 0 Inters Pow 0 Iron Fireman 00 Katz Drug 0 Kalimazoo Stove 30 Kello'g bwitcr 30 Ky Ut Jr cum pl 0 Keystone _Stl Kevitone St Leath & Co' pf 150 Lindsay Lt . ) Loudon Pack. of ot 100 Merch 150 Mickelberry 20 Miller & Hart 0ss_ Leathy of 3 Parker 100 Pines 50 Public 0 Public United States Realty Co —March qu vs. deficit $65.4 INSURANCE STOCKS | By the Associated Press NEW YORK. June 5—A former naval officer today took over the heim | of Paramount Pictures, Inc.. the | newly-organized Paramount Publix Corp. He is John E. Otterson, elected president by a new slate of Paramount directors to succeed Adolph Zukor, pioneer in the motion picture industry and founder of the corporation. Zukor, native of Hungary, who dealt in hardware, upholstery and furs be- fore starting his career in the movie world, was made chairman of the board To aid him in the task of complet- | | 1 Corporation. ‘ | | NEW YORK Security Deaiers June v Association Aetna Cas ('.a) Aetna Fire (1.60) Aetna Life (60) Agricultural ) . Am Ins Newark Y Am Reinsur (%5 Am Surety (1 Automobile (1) . | Balt Amer (.10 Bosten (16) Carolina (1.10a) Y of NY new Conn Gen Lif (.80) Fid & Dep (1 Fifemens “Ins : Prank Fire (1 10a) Glen Falls (1.60) Globe & Rut Great Amer 1 Hanover (1607 . Hartford Pire () Home Fire Sec Home Ins (2.10a) Lincoln Fire Mass Bond Natl Fice (4 Natl Liberty (v N Y Pire ( Nor_River Phoenix . A2, New York Index Is Unchanged From Week Before. Bid By the Associated Press NEW YORK. June 5—Electric power production in the United States showed a decline last week of seasonal proportions, reflecting the Memorial day holiday. The Associated Press weekly ad- Justed index, based on 1929-30 as 100 was unchanged from the preceding week at 954. A year previously, the index, which is adjusted both for sea- sonal variation and long-term trend. was 95.7 The range of rece ars follows 1934. 1933 High Low 19 r deficit ing the Paramount rcorganization Otterson will have a new board of directors, elected at a special meeting of stockholders Included on the board are William S. Gray, jr., who was in the chemical business before he entered banking to become the youngest president of a large New York bank. He is head of the Central Hanover Bank & Trust Co Many years Gray's senior is Percy H. Johnston. another director. As hairman of the board of the Chemical National Bank, his word will com- mand weight in matters of policy Other directors are Frank A. Van- derlip, former chairman of the Na- tional City Bank; Floyd B. Odlum head of the Atlas Corp., and John D. Hertz, former Chicago taxicab mag- nate. now a member of the banking house of Lehman Bros Stockholders voted to change the present capital stock of the corpora- tion in order to provide for the stock required by the reorganization plan Otterson is 54 a native of Alle- Prov Wash 8t Paul Fire Sprinsfield (4 16 5 ter (1208 20% (a) Includire extras (@) Declared or paid so far this year others Great 4.91%, mand manc. Demands cables Be d NEW YORK BAR SILVER NEW YORK June 5 (7. —B; steady. unchanged at 721, & Improvement was $77.600 Power p ng June 1 Electric In 520.000 & per cent itute, amo per cent The Germ Process is not ““just another oil-refining process!” It is a revolutionary patented principle of better motor proteciion DISCOVERED by Continental scientists after fouryears of pains- taking research and experiment and patented by Continental. The most important advance in the science of lubrication in 20 years! PROVED by 963,000 miles of road tests and by the Indianapolis 4 T WILL pay you in better motor protection to know the fundamental difference between Germ Processed Oil and every other oil. The Germ Process is not like solvent or other cleaning processes that just remove impurities from oil. Many oils made by new methods may be free of carbon and sludge, but over-refining robs them of oiliness and film strength, the very qualities on which lubrication depends under extreme pressures! Continental, as a matter of course, uses refining methods that produce a pure, stable oil free from carbon and sludge troubles. Then this oil—and only this oil—is Germ Pro- cessed, which means adding small quantities of a concen- trated oily essence created and patented by Continental. This exclusive process gives Germ Processed Oil spe- cial qualities that oil does not naturally possess, no matter Destruction Test, in which five quarts carried a stock car 4,729 miles—1,410 miles farther than the best of five competing quality oils. Proof of greater motor protection and lower oil consumption! what crude it is made from. Germ Processed Oil has: 1. The ability to penetrate and combine with metal sur- faces in a motor. This penetrative film, the “Hidden Quart”, becomes part of the metal itself. It cuts down starting- period wear because it is on duty before you touch the starter. 2. Tuo o four times the film strength of any oil not Germ Processed! Tests on Timken and other machines have proved that Germ Processed Oil hasthis extrafilm strength, so necessary to protect today’s high-powered motors. For a better lubricated and smoother running motor, say “O. K.—Drain"—fill with Conoco Germ Processed Motor Oil. CONTINENTAL OIL COMPANY PROVED by motorists in 40 states in millions of miles of drive ing. Since its introduction in April, 1934, sales of New and Improved Conoco Germ Processed Oil have increased 60.4%. (-3 whsy 447 Comar™® “The ConocoTravel Bureau at Denver sent us, free of charge, road maps, travel booklets and hotel and camp directories—everything we needed! Est. 1875 BN BASE MOTOR OIlL IERHINTT RNl | ““The booklets and maps guided us to scenic and historic spots we would have missed but for this marvelous service.” “Every mile of our trip was marked on our Conocostate road maps, so we always knew our way.” “We stopped at Conoco stations alongour way for many helpful free services. You can apply at any Conoco station for the same kind of free plan for your trip.”