Evening Star Newspaper, June 7, 1935, Page 17

Small Losses and Gains About Even Except in Kicohol Group. By the Associated Press. NEW YORK, June-7.—Curb market stocks remained In' an irregular sone throughout today's session. Small losses and gains were nearly equally divided in all groups except alcohols, which were uniformly lower. Specialties were mostly active, thus depriving standard trading favorites of definite leadershipy in either direc- tion. Trading was indifferent in all groups except utllities, where the turne over was fairly large. Gas Canadian Pc 6s Can No P 58 75 75, s 108% l"".l,; 10K Carolina P&L 5s Cent Ariz 51 903,709 6 103% 103 10 903 gan 1ggn 52 80! 28202 =3 SERI2ANRER §98g8 EEHEE e E5ecCaaans BHEEEC I o 2 229253550 ans By private wire @irect to The Star. Stock and Bales== Dividend Rate. Add 00. Hish. Low, Clese. Aero Bupply (B! .8 TRk ‘Ainsworth (a76c) 2 Alr Investors ine. Am Cynam 40¢ Am Founders. Am Founde 1 Am Potash & Ch. . 50s Am Superpower Am Sup'pwr pf. Ark Nat Gas cu pf Armstr Cork(60e) Art Metal W(40c) As30 E 1 (p21%e¢) Asso G & E (A) - o 00 8900 - 05 30 o 03 Atl Coast Fisher.. Atlas Corp. Atlas Corp wa Auto Vot Mch 5 Ax-Fisher 3.20 Babcock & Wil 40c100s BlissCo (B W)... -1 Blue Ridge Corp.. Blumentha! 8. . Bridgeport Mach.. Brill Corp (B)..., H Buffalo Niag & Eastpt 1st pf Bunker Hill&S Burco Inc. Can Marconi. Carib Syndica Carman & Co (A) Carrier Corp. .. Catalin Corp... Cent Hudson G & E ctfs (80¢).. Cent States Elec.., 3 Cent States Eles cv pt (new)., 258 Cent States Elso 7% pf Centrifugal P 400, | Chi Riv&M (1%).. Citles Service 9513 | Citles Service pf.. City Auto Stpg... 1 Clev Elec [llu (2). 4 Colon Ofl......... 21 Colt’sPatF A1y 25s Columb O&G vte.. 17 Com'with Ed (4).. Com'with&So w: Como Mines. Cons Coppe: Cons Gas of Corroon & Reyn... 1 Cosden Oil (Me).. 1 & Crane & Co. 1000514 Creole Petroleum. 22 17% Crocker Wheeler.. 3 6% Croft Brewing.... &5 # Crown Cork Int'l(t1) 310 Cusi-Mexicana M. 81 2 ——— Dictograph Prod. 1 Dis rs C-Seagr 15 15% Doehler Die Cast. Dow Chemical (3) 5 97 96 96% Duval TexSulph. 1 9% 9% 9% By the Associated Press. CHICAGO, June 7.—With wheat 3% 15% 2 16% 16 % | harvesting expected to get under way in Texas next week, and 330 |with a disa) i ppointing outlook for b - & o 235235222238 S (53 3 ¥ 5! 76! 04! 88 85 03! 36 08 0 =85! gz Son & it o 5508 2 nnl 28 22230 o BEEE e ES "k Mt o ot A, > 33 RRGRES & ‘O«IIDH-DG 2 SARRE3A% - e CEEER LT B 22t 2" Ei S 1900593 < s¥ess L) SR ARRRI SIS £33 15 22232325332 PEFEE [y 52 £5 SIF M SK 532 EFS ._ ! o r:rlész“’ e bt it e it L HRR3333383332 R R R aa I BRBEaR S F PRESNSTE PETESES 3332333332523 EEE 2 3 B FEFE & T AR e Uit iel o ooyl 32 ,__.. &t FET k9 SRR SR 0023 323352333UIR SR 253 ,,2338833323328 Fg2and, 2o 388 2 - ) [ Mt aF 552 oZoa e J 5 2 5 i et R A R R R R KRR ] 338.8 WREEF F SIEESEE F F I REESSRRSEE 32232 #E 38523335 g3ze o St g Bt s i 2233832 p 2323333 ottt ive demand, wheat prices ruled lower today. Downturns of wheat prices were in the face of talk of a wet ‘hatvest Southwest and notwif “Te-. ported damage from rust in Val- ley regions. -Crop news ‘from: Spring wheat - area contimued . favorable. Wheat closed weak, % to 1% under yesterday’s finish; July, n%-“- % off to % up; July, 80%-%; to 3% off, and provisions varying 2 cents decline to 7 cents gatn. High. LARD— Boleinoe; 138 October.. 13.40 ;;a{§a§ ~Chieage Casli* Marget. Cash wheat, No. 1 red, 85%: No. 1 mixed, 91%3; No. 3 mixed, 9115 (both latter two are 74 per cent hard); corn, No. 2 mixed, 87%, mainly whil 1 yellow, 87%; No. 2 7%; No. 3 white, 8914; oats, No. 3 white, 40a40%2; No. 4 white, 37%; no rye; buckwheat No. 1, no 1. nominal; Timothy 9.75a11.50; weight, 11.00a15.75. 4 — 5 Prices. R L et '| Georgia corn, |, oats, Y from 352,40 e35e, 81 | ° % 3 Eu 5°5 o 3o 55822 = o~ SRR NE e -! F5.8 §2.¥ 2.5 e 1 2% 1 %) .100s 29 Foundation (For) 2 4% Froedtert Gr& M conv of (1.30) 50s 14% 421 21 e b Garlock Pkg (1).. Gen Gas & Elec conv pf (B).. 60s 13 Pw, pf (6)350s 77 Glen Alden C (11) 11 16 GoldSeal Eles... 1 % ., % LIPS T Gorham vicextal ' 1 ‘Great Atl & Pac . Tean-v (16) 408128 126% 128 Greenfleld T&Di 8 5 % 65 Greyhound (De! 10 45 Gulf Oll of Pa. 166 Hecla Mining.. . 21 Hollinger G(165¢) 5 16 Horn&Hardt 1.60. 255 23% Budson Bay M&! 1 Humble Ofl.(1). Hydro Elsc Sec Hygrade Food 111 Pw&Lt $6 pf.. 1200827 Imp Oil Ltd coupon (t50¢) 20 21% Insurance Co of North Am (2) Int! Hydro Elec System cv pf. Int’l Mining a30c) Intl Mining war. Int'l Petm ()'l‘/l ). l: il Irving A Ch a10« Klein (DE) (t1).. Koppers Ga: Coke pf 9 Kreuger(G)Brew. M % 9N Lake Shore M(t2) Lehigh CEN(60¢c) 1 Leonard Oi1 13 Libby McNeill&L. 1 Lone Star G alée Long island Light Long island Light 2 83 b2 B2% 6% 641 6% Y % Y 64 6% 64 % 5% 3% Lynck Corp (3) 2 31w McWil Dredge(t2.3004 l:* 1 Merritt Chap & 1 Mid West Util (r) 2 Mohawk Hudson 18t pf (4)..., 1008 60% Mohawk H 2d pf.. 2bs- 18% Molybdenum. 13 11% 11 1 Mont Ward (7) A.240s 141 140% 14 Mount Prod (60c) 5 . 5% 5% Murphy Co (1.60) 1 91 91 91 ———— BellaHess... 2 1% 1% 1% Nat Container (2) 50s- 18% 18% 18% Dairy pf A(7) 288 108% 108% 108%4 FuelGas (1), 10 17% 17% 17 NatP& L pf (6). 50s 693 6915 atSugarNJ (3) 2 2Tw Union Radio. Nelson (Herman) NJdZine (3)...... New Mex&ArizLd Newmont M as0e. N Y&Hon Ro (+1)- NYPE&LED (7).100s 87% 87 873 N'X Tel pt (63).. 258119% 119% 119% HudsonPwr 43 6Kk 6 6 1% 1 5% 3 Nor Am Mate (1).100s 40 Northn N Y Util of (7).. 2 Northwest En, 11% 1 Novadel Ag (2). 6 21% 21 —_— OhloOfleupf (6). 1102 102 102 Ohlo Power pf (6) 50s 102 102 102 1 2% 2% 2% 26% Pacific Bastern. .. Pac Gas & Eles it pf (1%) Pan-Am Air (1) Pantapee Oll. Parke Davis ( Peanroad Corp Penn W& P (3 Ploneer Gold Mines Litd (80¢) Pitney Bo P (2 Pitts Plate G1(12) Puget Sound P&LSSpt.. 1258 Pure O1l pt. 208 & — Rwy & Lt Secur, Reliaole Store: Reybarn Co. Richfield Oil(Cal) prior (d) Russeks Fifth Av : = AR R RaREE M e t 30, & Plat (409). South Pena O 1.2 Southn Calif Edis EBdptCu%) 9 . | Spleg-M-8 pf(8}4) 508 95 Square Denl lg}'fi 101 108% 198 1o i geeasetenSaness tan . Stand Oil Ky (11) itand Ofl Onto. .. ~ WL -1 * ) 15% T 4% 808 2= tn-’:m e .!flf’: g E08 W = ¥ e Eet B2l bes ¥2 o72E% 2595 30 5 e Besd 3 B.5%E%: ¢ 5 CHEPS LA 1 T |CLIMB IS RESUMED SHARPLY N WEEK Reorders Bolster Wholesale Markets, but Future Commitments Lag. By the Associated Press. NEW YORK, June 7.—The major trends in trade and business were level in many weeks at & number of centers.” In wholesale markets, the review re- ported, volume was bolstered almost entirely by reorders and future com- mitments were held in abeyance await- ing the establishment of ‘a more defl- “With the temperatures more sea- sonable than at any time in the past month,” the review continued, “con- sumer buying broadened rapidly in most parts of the country. Summer wearing apparel for both men and women, sports clothes, beach togs, totletries, notions and stationery con- tributed heavily to the week’s volume. “Retail vofme for the country as & whole succeeded in reaching an esti- mated total 6 to I5 per cent above that of a year ago. BY BANK RESERVES Gain of 87 Millions in Week More Than Offsets Rise of Monetary Stock. “With. the long overdue advent of | This favorable weather in the Southwest, retall sales were larger by 15 to 20 per cent than a week earlier, and 20 to 25 per cent ahead of the comparative 1934. figures. In the Northwest the gains of recent weeks were extended, sales averaging 10 to 20 per cent higher than a year ago.’ In the Middle West, Southern and Pacific Coast areas gains were smaller, according to the review. ‘The general average of industrial operations indicated the beginning of the Summer recession to s moderate degree, and most of the decline in activity, sald the summary, was re- corded for the divisions identified with the production of automobiles and steel. bank reserve balances, $60,000,000 in ‘Treasury cash and deposits with Fed- eral Reserve Banks and $3,000,000 in money in circulation and & decrease of $5000,000 in Treasury and na- tional bank currency, offset in part by an increase of $81,000,000 in monetary gold stock and a decrease of $67,000,000 in non-member deposits and other Federal Reserve accounts, “Relatively small changes were re- ported in holdings of discounted and purchased bills and industrial ad- vances. Increases of $6,000,000 in holdings of United States Treasury bills and $2,000,000 in United States bonds were offset by a decrease of U. 8. TREASURY POSITION. By T‘:: ::loehud Press. ] ¢ 3 i, ; of excess of ditu bt $26.156.571. 790,072,650, 5 HOSIERY SHIPMENTS UP. INVESTMENT TRUSTS -3 SEEaFeR B e et o 4 ... omdtise Whcametin 1ot 3 i pimnime St H 8 securities ler. whil e rails o e SR NEW YORK, June 7 (#).—Ship- | fenies ments of women’s full - fashioned | sha: hosiery from American mills during the first four months of this year, ac- cording to statistics released by the National Association of Hoslery Manu- facturers, exceeded those of the cor- responding period of last year by 1,007,000 dozen' pairs. MACHINE TOOLS ACTIVE. NEW YORK, June 7 (®).—Active buying of machine todls was reported this week, with manufacturers re- questing immediate ‘dellyeries, NEW YORK BAR SILVER. NEW YORK, June 7 (#).—Bar sil- ver steady and unchanged at 72%. % For OverTen Years- the emblem of ('()m/o/e/(’ Jaliyfacts . /4 and /7//(/(4/(//2 Valiues tn wied cod Y ’ ” ntide dustrials and Belgians the most re- slatant. flc n&rke( closed irregular. BERLIN—Traders overcame the holiday mobile shares. The “Marker closed "sus- in don Paris and ‘=fl|n stock will be closed Satur a Mond in observance of the Whitsunt holidays. STABLE PRICES BACKED. NEW YORK, June 7 (Special) The House of Pinaud, perfumers, nounced that it will continue its price- stabilization policy despite the voiding of the N. R, A, and that it has ai- | ready taken steps to secure its rights Sabt 9 :DIVIDENDS. ANNOUNCED . RS0 Pl TS Capital i : Gentral ‘Fave =1 A5 TR Do 2nd pf . Peoples Collateral 8% of .. Rernolas () Fov 18t p 2nd pf . % Paberpi ot s17 R!nh.lln(r y west Bell Tel pf $1.75 lurnll; Hostery Mills % i $1.71 United Corp Del) " AS23RRRAT & 3 & Ps Hersey Tubes | Bueyrus Erie of BALTIMORE STOCKS Special Dispatch to The Star. BALTIMORE. June 7— les, High. Low. Close. 70 Arundel Corp . 198%2 103 19% 115 Black & Decker. 10% 10% 10% 57 Black % Deck pf 30 30 E: 19C & PTel Balt D114 114 114 105 Consol Gas .... 75 74 5 Con Gas 5% of A112% 112% 11 Guar. 3215 3313 882, A8 Pidelity & 100 Maryland C: 55 Mong 5 Pa_Water 455 U 8 Pidel ot MONTREAL SILVER. contracts. iR 7288 7320 7390 73.90 13 1% et 18 & Pw. & Guar 10 High. September . 7320 December 7410 COMMITTEE FORMED. NEW YORK, June 7 (#).—Forma~ tion of a committee to represent hold- ers of purchase certificates of Burns Bros. in the company's reorganiza- tion proceedings was announced to- day. It consists of Spencer Baldwin, under the recently promulgated New Henry Brown, jr.; Hally Hatcher and York and New Jersey fair trade acts. | Marshall Van Winkle, jr. P‘()Rmorethantenyean.thhfamiliar s & Red “OK”* tag has been a symbol of sound, % dependable used cars and of outstanding used car values. Great numbers of people in this community have learned that the way to get a better used car is to visit this organi- zation and buy a car with the “OK” that counts. We are very discriminating abour the cars we take in trade, accepting oniy popular makes and models. We are even more care- ful in preparing these cars for public sale. Evéry car must pass a rigid, systematic inspection before it is awarded our Guar~ anteed “OK" tag. All features are care- fully checked by factory-trained mechanics ~—brakes are adjusted, upholstery cleaned, the car made to look like new, and all mechanical parts reconditioned to provide the finest and most dependable performance. Yet you pay no more for our Guaranteed “OK” used cars because we do a large volume of business and can afford to give you more for your money. See our fine stock of used cars—today! Not only will you get a better used car value but you will also get a better deal on your old car in trade. SEE US FOR USED CARS