Evening Star Newspaper, June 8, 1935, Page 15

1. 5. BONDS GAIN AS OFFERINGS LAG Corporates Show General Steadiness—Some Rails Rise Fractionally. By the Associated Pre: NEW YORK, June 8 (#)—The bond market showed general steadi- ness today in light trading. United States Governments hard- ened a little mainly as a result of a drying up of offerings. Several of the second-grade rails were boughi at fractionally higher levels, but there was no evidence of unusual interest in the carrier group by reason of President Roosevelt's recommendation of legislation which would subject the rallroad’s competitors to an equal dose of Federal control. Issues which were transferred at moderately im- proved prices included American Tel- ephone 5s, Bethlehem Steel 5s, St. Paul 58, Duquesne Light 43s, Erie 58, Goodyear 5s, Missouri Pacific 55, New York Central 5s, Nickel Plate 4i3s, Pacific Gas 5s, Frisco 4155 and West~ ern Union 5s. American & Foreign Power 5s dip- ped half a point to 66 and Southern Railway 4s eased 3 to 38%. Other active issues or. the minus side showed only negligible losses. Treasury 3%s of 1941 showed the widest gain in the Federal group, ris- ing 6-32ds of a point to 108.4. There were other advances ranging from 1-32d to 3-32ds and Home Owners’ Loan issues moved in this trend. French government bonds con- tinued the recovery which started yes- terday on the announcement of for- mation of the Laval cabinet. The %18 duplicated Friday's upswing by BONDS ON N. Y. STOCK EXCHANGE ummwhmm Lll RTY. High. Low. Close, 3391933-47..... 1001 1001 1001 ist e 8 33 TREASURY, . mu 10114 10115 10319 10823 . :uu 10819 10321 « 10427 10424 lNfl 2%s 1965-6 1074 1074 1074 11119 11119 12119 5 1067 1087 1067 11620 11618 11618 .1023 10131 1023 10130 10130 10130 0320 10820 10320 HOME OWNERS' LOAN. 2% 1939-49. 10014 10011 10013 $51952.......... 10131 10125 10131 FOREIGN BONDS. Hish. Lo Antwerp §s ‘68 Argentine 6s ‘59 June Argentine 6s ‘69 Oct. . . 96% 96% 96% « 101% 101% 101% . 101% 101% 101% Belgium <106 106 108 Belgium 6 Belgium 7s '5| Bergen City 6349, Bolivia 8547 Brazil 638 " Brasil 648 Buenos A 6s Buenos A 63 Bulgaria 7% Ca: 084 108% 108% 14 113% 113% 5¢ & 5 climbing more then 4 points. The | Chil %s improved a point.” Other foreign groups were narrowly irregular, SUGAR MELT REGISTERS RISE OVER 1934 LEVEL By the Associated Press. NEW YORK, June 8—The 13 United States sugar refiners had a total melt of 1,770,000 long tons for the first five months of the year com- pared with 1,445,000 tons for the like period last year. Their deliveries came to 1505000 tons for the five- month period against 1,300,000 tons last year. MONTREAL SILVER. MONTREAL. June 8 (#.—=Silver fll- tures closed firm, 85a110 higher. Sale: 34 contracts. Close. eeeen 73 Oflh July September December b—Bid. RUBBER FUTURES. NEW YORK. & (P —Crude - I!‘z‘:’d‘; 11~ |fl higher. ptember. D ol rubber .l:g. LX tol ribbed. closed n—Nomin: moked. b—Bid. CHICAGO PRODUCE. CHICAGO June 8 (P.—Poultry. live, ks, _weak: hens, 18%: Leghorn 015a2202: col- red. Rock Spr - 85° mk brotiers. 15 colored, 19: Le horn. 15'2; bareba cld dmk]s4|a s old ducks. Joung white d acke 4?, 1515 Ee 1 T '"’3’&5227302 el carlots).” I s 20,72 Ny led fir: |:E: o Bates. Shipromnta 1 id s Shtly weaker, supplies Tather hgnt. ae mand and trading moderate. Sacked. hundredwelght—Wisconsin ‘Round Whites, No. I, fair auality, No_ 1.’ fair quali u' 4 | Rio de Jan 6 %8 53 . | Norway 6s°44. .. | Queensiand 7s 41 —_— ; Rhinelbe Un 7s "4 o Chile 65 °62 Chile 6s 63 12 12 101 101 4% 34% 3y 87% 874 87K 964 964 96% « 101% 101% 101% 66% 664 664 3% 3T% 3% 102% 1024 102% % 178 180% l'l'lh 176% 177% 20% 20% 29% 48 48 48 26% 26% 26% 28% 28% 28% 102% 102% 102% 32y 324 32% 37% 37% 3% 15 115 115 ¥ ¥5 86 Deu Bk 6s°35 et l!Dd. Elec Pow Ger 6%s ‘63 Finland 6%s il...... French Gov 78°49.... French Gov 7%s Ger C Bk A 6360 Oct Ger Gen El 6% Ger Gov b Greek Gov Helsingfors 6%3s * | Hung Con M 7%s unmat coupon on Hungary T%s ‘44 Febr ecoupon on. . Irish Free St §s'60... lwaly 78°61.. .ee Japan 6%s Japan 6%s 8% 884 88% . 100 99% 100 Met Water 5% e 97T 97T 97 Montecatini 78°37... 90 %0 90 . 152% 151 152% « 10135 101% 101% « 101 101 101 106% 105% 105% 104% 104% 1047% 1024 102% 102% Nerd Ry 6 ‘50 Norway s Norway 6s'53. Orlental Dev 6% Oslo 68.°65. . 864 854 864 003 100% 100% 147 1 1 147 147 10% 11 10% 11 111y% 111 111 92 91u 92 « 106% 1064 106% 108 108 108 3% 35 37 I Queensiand 6s ‘47 35 37 " Aug coupon off., 14 5. Rio Gr do Sul 7867 U. S. TREASURY POSITION. By the Associated Press. The position of the Treasu zum szfigfi'a‘; Soaiance. $ % on_June 08 aciudicie emergency *expendi re: penditures, 83,207 under d\- 916,867, Rece noff.. 14 ceees 113% llflh 113“ 0% 30% 57% 15 33% 29% 20% 864 96% June cou Rotterdam Rumania 7s ‘69 Aug coupon off.. Sao Paulo St 78’66 Sept coupon off. . Saxon Pb W 78 Serbs 78 '62 unm ¢ on Serbs 8s '62 uam c on Shin’su El Pl%l‘". Sydney 5% ‘Tokio 5%s ‘61 Tokio El Lt —_— 38; e e 31,507 145 5 r the month, 5510, nditures. sx 26, ,154,181.637; © SALES. ~ | wm:mmn Gas Light Co.—~10 at AFTER CALL. Ilerlenthuer Linotype—10 at 27%, 10 at 27%. Bid and Asked Prices. BONDS. PUBLIC UTILITY. ““’1-:{".%3" £ "%.s : | Uruguay 39 8% Venetian MG B 78’53 8 DOMESTIC BONDS. Abrllt.rlulllsi 3 104% 104% 104% 921 92% 92% 'um 102 102 102 2 % 12 6l% 62 16% 161 164 11% 11% 11% lom 101% mén Uruguay e 'lh 95% 956% 102% 102% 102% 101% 101% 101% 109% 109% 109% 112% 1123% 112% 113% 113 113 1123 112% 112% 98% 9815 984 86 85% 86 60 60 60 106% 105% 105% 103% 1031 103% 106% 105% 105% 108% 103% 103% 108% 108% 108% CH&!!P C%l 9 CM&StP b8 76 & NW 4%8s 2037C. Chi & NW 4%8°49... Chi & NW gn 65 '87... Chi & NW rf bs !0!".. Childs & Co bi Chile Cop a¢ Cin Un Ter 6s CCC&StL gen 48'93.. CCC&StL rf flfil‘"ll 92 ‘92 9 104% 104% 104% 87 87 87 . 95% 9% 62% 8844 . 884 . R7% 8Th 8% 107 106% 107 Com InvT6%s49... J11 111 111 Conn R&L 4%5'61 stp 107% 107% 107% Con Coal MArf s '60. 36 36 Con Coal Md 55’50 cfs 35 35 Con Gas N ¥ 438 '61. 107 107 Con Gas N ¥ b8 '57... 105% 106% 105% 105% 105% 105% 3.. 90 90% 904 106% 105% 105% . 104 104 104 50 50 &0 95% 9% 62% 764 T6% 106% 106% « 106% 106% 106% 2 26 26 12% 112% 11214 112% 106% 106% 106% 107 107 112 112 106% 106 Erie 4s'96. Erie gen ¢s Erferf 68’67 Erie rf 5515 Erie&Pitts 3 Fed Lt & Tr int FlaECRy 63’74 Fla EC Ry s "I;.efl. % 95U Hack Wat 1st 48 °5: Hous & T C 1st 5837, Houston O1l 638 40, Hudson Coal &8 36% 3% Hud & Man ref s '57. 82 82 111 Bell Tel 63 . 108% 108% 108% 1l1Cent 4%s'¢6 . 4B 48w 48% 1l Steel deb 438 °40. 101% 101% 107% ICC&St L NO 4% Inland Stl1 4%8'78 A. IOBK mu 105“ Inland St1 4%s ‘31 B. 105% 106% 105% Int RT 6s'33 5 64 Int RT 1strf 68 '66, 106% 106% 96% 37 82 106% 106% 106% 106% 96% 96% Int Ag col 68 Ant Cement b Int Gt Nor Iowa Cent 58 JamesF & Cds'39. Kala Alleg&Ge 5533 80! Kelly Spr Tire 68°43. 70% 70 70% l(ondl.upflin ‘48 ww.. 103% 103 108% —_——— mv. 100% 100% 9% | Leh Val Coal 68 Leh Val Coal 6 3. 92 2% | Leh Val Har 6s'54... ll.'l“ 101“ 1om % | Loew’s 6s 48% 47% 484y 1071 107% 107% 66 64% 65 "* J ] Can'dian Nt R ¢%8'51 111y 111% 111% C‘n‘flhn Nt RA%E'64 102% 102% 102% fan Nt R 4%9'57 }lz‘l: 110% 1104 Leh V Pa con 4s 200! L V Pacon 4%82003. 37 1 104 ; 664 64% 65% 112 112 12 oe 107% 107% 107% 8 2003 C.... 101% 100% 101% 2003... 106 106 106 ereps £ *epc ZZzZQ 3-8;383%: 3 ® §HiE= §3Rieoaguuggarnes % Eg¥gs §ui ; AN 13% | Ph %s N Y Cent rf41482013n ll% N Y Cent rf 55 2013 63% . Mz‘\: IM IM 101% 101% lOlh 66 6541 b6 . 831 834 % « 10634 106% 106% 9., 111% 111% 111% 46, 794 79N T9% Norf So 1strf Norf&Ww di Norf&W 1a North Am Ed bs Y% North Am Ed 5%s '63 100% 1 38 3047 ;:h 1 2047.... —_————— Ohio Pub Ser 7847 9% 98% 9% 111% 1114 111% 108% 108% 108% 104 103% 103% . 92% 924 92% +on 106% 106% 106% ¥ 3y 3 39y 5614 89% ‘40 cfs 39% ‘51 ct 564 filed, GURB LIST RULES STEADY 0 FIRM Short Covering in fietals #nd Oils Heip Tone of Other Groups. By the Associated Press. NEW YORK, June 8.—After an frregular start, the curb market de- veloped a steady to firm tone in all divisions today, with the aid of short covering in metals and oils. Trading ‘was fairly active. Advances of 1 to 2 points were shown by Bunker Hill & Sullivan, Gulf Oil, New Jersey Zinc, New York & Honduras Rosario, Sunshine Min- ing, Sherwin Williams and Armstrong Cork. Singer Mfg. got up 7 points on small sales. While some irregularity persisted utilities, such trading favorites as American Gas and American Super- power were able to work a trifle hlchzr and losses in Niagara Hudson and Cities Service were held to ex- tremely small fractions. By the Associated Press. CHICAGO, June 8—Firmness de- veloped in grain prices early today after a sag. at the onset. Buying was made more or less on indications that to a great extent the domestic wheat harvest would be a late one. Opening unchanged to }; cent lower, July, 82%;-%, wheat soon rallled. Corn started %-% down, July, 80%, and then recovered. Upturns of wheat prices amounted at times to 1% cents a bushel. Action of the market was associated in vari- % | ous quarters with reports that a fresh movement in Congress would begin on % | Monday intended to force hoisting of silver to $1.29 an ounce. Houses with connections East were conspicuous on the buying side of wheat. A big East- ern speculator was reported to have switched his market position and to have covered a large short line of wheat. Corn, rye and provisions climbed with wheat, the corn market quickly scoring a full cent gain, rye more than that. Oats sympathized with strength of other cereals. Resistance to price jumps led later to fairly active selling and to moder- ate reactions. Profit taking on the 90% | part of early buyers was also much in 14 | evidence. Bears contended the Cana- 0. 9615 964 96% « 106% 106% 106% « 1061 106% 106% « 1134 113 113 « 103% 103% 103% « 1054 105 105 . 110 110 110 95 94% 94% dian official crop report by no means represents & bumper wheat promise. + 106% 106% 106% | Dece 60 59% 594 Phila& RC Philippine Ry 4. Phillips Petr 63s°39. 1031 108 103% R! 85% 4% 34% | July 254 254 25% | DeRcimne! PCC&StL 4%s'77 C.. 106% 106% 106% | July PortGen El4%8°60.. 68 67% 68 104% 104% 104% Postal Tel &C6s'63.. 29 28% 28% Pure Oll 5%8s Pure Oil 6348 3% 98% NK . 9TH 9TH 9TH A. 106% 106% 106% 7 B. 1064 106} 1064 ww. 102 10214 102% écfs 32 32 82 9 A. 2T% 27T 27% E.. 107% 107% 101!. . mu 104 3¢ 11% 5 StLS W 1st 'rer 52’53 lm St L 8W gen rt 5i 46% 46% 46y StPM&MM ex 48°37.. 102% 1024 102% St P M&M ext 58 ‘43.. 108% 108% 108% San A&A Pass 3.. 83K 82w 824 Seabd A L 6845 4% 4% 4% Sharon S H 6343’48, 9 90 90 Shell Pipe L 55°53... 103% 103% 103% SincCon 0 6%s'38 B. 102 101% 101% Sinc Con O s . 102 101% 101% Skelly Ol 538 °39.,.1 1021 102% 1024 So Bell T&T 6s°41... 109% 109% 109% So Pac col ¢s°49. z::: 69% 69 81% 8% Southw Elll Tés Stand Oil N Y 4%s'51 103% 1034 103% "46.. 41 41 4 1. 118% 1184 118% «ee 101% 101% 101% 9% 99% Cash wheat, no sale. Corn, No. 1, yellow, 86%2; No. 2, yellow, 85%a87%%. Oats, No. 2, white, 413; sample grade, 38. No rye, no buckwheat, no soy- beans. Barley, feed, 45a60; malting, 60a90. Timothy seed, per hundred- weight, 9.75a11.50. hundredweight, 11.00a MEETING IS POSTPONED. NEW YORK, June 8 (#).—The meeting of Electric Auto-Lite Co. di- rectors for action on the preferred stock dividend has been postponed until June 13, it was announced today. NEW YORK BAR SILVER. NEW YORK, June 8 (#).—Bar silver steadier, % higher at 72%5. U. 8. TREASURY NOTES. (Reported by Chas. D. Barney & Co.) L. Offe: g | 3 > H & i T 3! B PP BRI Ao s 2235222 RI2323233 = B .mn-a close; better srade % mm m H -mz 25 cents of. downtu: extend!: Tower Third A adinex 65’60 21 UnOCalés’'42A Un Pac 1st 48 20% 119% 119% 119% « 111% 1114 111% 102% 102% 102% 106 104% 106 90% 90% 904 12 112 112 3% 93 93 Youngtn S&T i#'70 B m m ul‘ Youngtn B&T §s718 A ing me of 'hlch sold off justment apparent. due to {ly native lnd Bfl\lth'elum & top choice steers, 13.50: Voo "is.- ’QIY"DII "glM i ‘week’s 000 natives, oo-'fiu“ofi Wooled Gllforn lacking at 8.00a9. DIVIDENDS ANNOUNCED NEW YoRE. sune 8—pi . gared” (srepared stindard Biotulss H—&lflm Inmheo('-l.h) lu 6-21 L= 7-15 B AR et = o tams -ttt bmm“umm Btock and Dividend Rate. 00, High. Low. Close. Afnsworth (a75¢) 1 24% 24% 24% Ala Pwrpf (7).., 80s 71 T70% 71 Allled Mills Ine.. 2 17% 17% lfli Alum'n pf (13%)..200s 87 86% 87 Alym'nLtdcupf. 1 664 65% 65% Am Capital (A).. 1 1% 1% 1% Am City Pow; lM(-l)A .100140 ID 00 Am CitiesP&L (B) ll H% l' l':: i Humble Oil (1) 034 Am Superpower. . Am SBup'pw 1st pt, Am Sup'pwr pf... Angostura (t20¢). Ark NatGasA.... Armstr Cork(50¢) Asso E1 (p21%e). ASSOG&E (A)... Atlas Corp.... Atlas Plywood. . ,. Auto Vot Mch §06. Ax-Fisher 3.20 A. ——— Bellanca Alrcraft. Brit Celan Ltd re Brown Forma c..-.-»n-—--§ - w 8 ® = ) in| Buffalo Niag & Eastpt tstpt §, 50- e Bunker Hill&S: m- 43% Can Marconi, 1% ™% 13 % 4% 1% Betfs (loe).. Cent States Elec. . Chi RIV&M (1%).. Citles Service.... Cities Service f.. City Auto Stpg..e Colon Ofl...eecumt Columbia Gas & Elec cv pf (5) 100- Columb O&G vtc.. Com’with Ed (4). Cem'wlith&So wlr Community Water Service Compo Shoe Mach s.t¢ Como Mine: Cons Copper. . Corroon & Rpf A. 8n8 oa - Gmoe Crown Cent Petr.. Cusi-Mexicana M. 21 —— Distillers C-Seagr 21 Doehier Die Cast. 4 Dow Chemical (2) 4 Duke Power (3).. 26s Duval Tex Sulph. 1 Eagle Pitcher Ltd 1 Eastn G&F Asso,. 1 East'n States Power (A)...100s Elec Bond&Share. 23 Elec Bd&Sh pf (5) 1 Elec Bd&Shpf (6) 7 Elec P Asso (32¢). 1 Elec Pwr & Lt 2dpf (A).... B50s Elec Sharehold’g.. 8 Emp G&F 7% pf.. 50s Equity Corp...... Ex-Cell-O A&Tool Fairchild Aviat'n, Fanny F C (50¢) Fansteel Prod Fisk Rubber Flintkote (A Fla Pw&Lt pf. Ford Mot Can 9 8% 51% 87% 3% Ltd (p17.7¢) —_— Gen Invest Corp.. 1 8% 9 4 Gen Pub Sve pf... 20s 38 Gen Tire & Rub.. 75s 44 % 38 43 COTTON REGAINS PART OF DECLINE Heavy Liquidation From Domestic and Foreign Sources Absorbed. 38 44 By the Associated Press. NEW YORK, June 8.—The cotton market recovered part of its recent declines during the last week after heavy liquidation from domestic and foreign sources had been absorned. An improved technical position, trade buying and sn unfavorabie view of the weather contributed to tke re- covery. At the same time efforts be- ing made by the Agricultural Aamin- istration to revise the agricultural program in the light of the Supreme Court decision on the N. R. A. created the impression that the cotton con- trol program would be continued. closed yesterday at 1i.13, compared with 10.64 a week ago. While reported hesitancy of agricul- cural officials to formulate a loan pro. gram for the nexi cotton crop was credited partly to the question of the constitutionality uf some phases of the Bankhead control act, it was indi- cated that no official announcement on & loan was to be expected for another montk or two. The July situation was being care- fully watched by the trade owing to reports that the noducers pool man- T | agers would be willing to take delivery on July contracts against holdings of 35,000 bales on July futures if the price fell below 13 cents. Later an announcement was made that the pool had purchased 25,000 bales of certificated cotton from spot interests. Except for some buying by Liver- pool, foreign interest in the market tapered off following recent heavy liguidation from abroad due to the French political situation, Further cool and moist’ conditions in the three Western cotton States fur- : thel‘del“ldthncmplhrtflm. al- Mluhemmllflpmm ji¢ | reported. ar and 148,083 l it hi 172,084 fase: vear snd S1 6% | Mohawk H 2d pf. FINANCIAL NEW YORK CURB MARKET Low. Olose. Pw pl (l) “l ‘I!K 6% 16“ Glen Alden C (11) 1 15% l“ Globe Und (k50e). 1 9 Goldfleld Consol.. 1 % “ Gold Seal Elec... 1 % Gray Tel P Sa50c.100s 14% 1&\6 Greyhound (Del), 10 45% 454 | GuitOflof Pa.... 2 68 67% Hecla Mining, . . u uu 10% Heyden Chem(11) 50 Hollinger G(165¢) ll lih 14% Horn&Hardt p£(7) 10s 106% 1061 IDGW Hudson Bay M&S, 23 15% 15% 16% lg 6; 60% 61 45% 67% ll% Hygrade Food. 111 Pw&Lt $6 pt.. 1508 27 Imp Oil Ltd coupon (t60c) Indipn Territory NlumOil1(B) 1 3 intl Hydro Elec System cv pf.125s 6% Intl Mining war.. 1 5% Int'l Petm (t1%). 9 36% —_— Joras&Nau...... 2 1% —_— Kirby Pet (al0c)s 1 2% Koppers Gas & Coke pf (6).. 1258 94% —— Lone Star Galbe. 1 Long Island Light Long Island Light PLA(T)...... 308 70 Louisiana L&Ex. . McCord Rad (B).. 3 4% McWil Dredge(12:200s 35% Mead John (13)... 2 59 Minn Mining & .« 268 16 Mfg (80c)... ... 2268 63 100: 26% 20% 3 18 21 6% 5% 36% % 2% UK % 3% 70 8% 4% Mohawk Hudson 1st pf (4). Molybdenum. . Mount Prod NJZino (2)..... Newmont M a50e. N Y&Hon Ro (11) 450s 56% 56 N Y Tel pf (6%). 125-11&» 1179. 117§¢ Niag Hudson Pwr Niagara Hudson Nipissing a123%c¢! North Am L&P Northam Warr conv pf (3)... 268 43% Northn N Y Util DE(T).uunans Northern States Power (A)... 1 13% Northwest Eng... 1 12 —— Pac Light'g pf(6). lSl ’5’6 Pantapec Ofl. ... Parke Davis (1), { l 89’& Pennroad Corp.... 5 2% Pioneer Gold Mines Ltd (80¢).... & 10% Pitts Plate G1(12), 4 65% Potrero Sugar.e.ss 1 - 24 Prudential Invies & 4 6% Puget Sound P& L35 pf.o 258 26% Pure Ol pf....... 708 52 Rainbow Lum (A) 1 % Reybarn Co. 1 25 Safety Cr H&L(3) 25s 69 SaltCreek P (80c) 2 7 Schulte Real Est. Seiberling Rubber Sentry Safety Con Shattuck Den Min Sherwin-Wil (3). Sherwin-W pf (§) Singer Mfg (16).. Smith (AO)...oem & 4y 2% 1 43% 650s 80 9915 508 106% 106% 106% 408265 262 265 3 63% 63 634 EL Y 3 | South Am Gold & Plat (40c). Southn Calif Edis EdptC(1%) 1 Square Deal pt A (11.10) 1008 Square Deal (B).. 3 Stand O1l Ky (11) 4 Stand Stiver & L. 120 Stuts Motor., Sunray Oll., Sunshine M ¢1.20) Swift & Co (150¢) Swiss Oil (40¢c)... Technicolor Ine. . Teek Hughes(40¢) Texas Gulf Prod. Trans-Lux Daylite Ple Sn (20¢e).. ——— Union Gas (Can) (a10c). Unit Founders Unit Gas Corp, Unit GasC war. .. 00 4 €9 09 00 00 N 00 Unit Lt & Pw pf. Unit Profit Shar'g. 10 Unit Shoe M t23%., so. Univ Pictures. ... Utah Apex. . Utilitles P&L... 1 Utilities P & L pf.300s Utility Eq pf(3%) 50s —— Venezuela Petrol. ———— ‘Walgreen Co war. Waiker (Hiram).. Walker (H)pf(1). Wenden Copper. .. Westn Air Exp(n) ‘Western Auto B“DDIY (l) A. 20¢) wrlght NOe —_— Tukon Gold...... lvidend rates in ST o e extra. vidends n-r ¢camn-nm mnma in_recei ship or being recrganised. . | outlet East, however, | Balt Amer (.10s)" | Boston (18) GRAIN MEN STUDY | WHEAT PROSPECTS Whether Drop Has - Fuily Discounted Improved Crop Is Debated. By the Associated Press. CHICAGO, June 8—Grain trade attention is focusing sharply just now on whether wheat price downturns of late have discounted in full the im- provement of crop prospects. Pending issuance of the Govern- ment crop report Monday, the first definite official appraisal of crop. progress since May 1, many traders, are taking the stand that declines of prices on the score of a better out~ look for crops have little if any fur- ther warrant. A good deal of talk is current, too, that the domestic Winter wheat harvest, taken as a whole, will prove to be anywhere from 10 days to 3 weeks late, and that the June Spring wheat condition is usual- ly the peak of the crop. Compared to a week ago, wheat 2| this morning was down 1%4-2'4 cents, with corn 135-23; up. Oats at ¥, de- cline to )2 advance, and provisions showing 2 cents to 42 cents gain. Crops Late in Europe Also. Lateness of the wheat crop in this country is given added significance in some quarters because of re- ports that similar conditions prevail throughout Europe. Bulls assert that with supplies of old wheat scanty, both in the United States and overseas, a fairly tight marketing position could easily de- velop, with Canada holding a whip hand if only for the time being. European reports indicate millers and merchants are carrying much less wheat than a year ago, with offers diminished from Argentina and Ause tralia alike. Leading traders picture the corn market outlook as a very mixed one, with the short seller in July contracts here face %o face with a big current premium for immediate delivery corn 85 against a future delivery. This premium has to be overcome before short selling can become attractive. 4| On the other hand is likelihood that increasing abundance of competitive feeds may induce farmers to sell corn more freely as soon as fleld opera- tions are completed. Oat Prices Follow Corn. Imports of Argentina corn have thus far given little competition away from the United States seaboard. Any for 2,000,000 bushels of corn now on hand in Georgian Bay ports seems difficult at present. Oats are following corn rather than wheat. Provisions reflect curtailment of Chicago stocks of lard. Washington Produce llrxm—o:w pound prints (92 score), 1-pound prints (90 score). 1-pound prints (89 score), 26; oked hams. 2 i lard, 16728173 Prices by the @nnefl States Bureau of Agricultural Economics EGGS—M: B8 Market generally steads. extras. mediums. in su; nd Cnrmn Teceipts. 22'2a231 hennen Ihlul 24a241s. Government graded and duted [ihite eggs (including rading snd mark {7“'! costs)—U. 8. extr: llrl! f‘l LIVE PO! IRY—Market stead unemnna e all AP cent premiu o occn fancy _quality): Leghor 17 H 11a Sprine hickens— Leg- : Plymouth Rocks. under i: our .‘l‘, pounds, 25a! 18; toms. 14a18. INSURANCE STOCKS NEW YORK. June R (P .—New York Ses curity Dealers’ Association: . Asked, £ l;' lfl:’ 3]’4 Automobile (1) 23 i3a2 Garolina (1 10a)° . b ARt TSRS " Pire (@) Nt Liverts 0 N Y Pire (15¢) . Nor River (.7 l First Mortcace Loans 5%% Complete Property Management Including Renting, Collections and Refinancing of First Mortgages Homes Apartments Business Properties RANDALL H. HAGNER & COMPANY Nk 5 Ftranes Gy 1321 Connecticut Avenue N.W. Telephone: DEcatur 3600 Besides the protoction of strong companies you will have the im- portant advantage of careful serv. ice when you place your Fire and Automobile insurance through us. B. F. SAUL CO. REAL ESTATE 1925 15th St. NW. ePhereon Bevers ' NA¢12100.