Evening Star Newspaper, June 12, 1935, Page 19

FIN BONDS FOLLOW UNEVEN COURSE Weakness in Utility Loans Fails to Check Rise of Junior Rails. By the Associated Press. NEW YORK, June 12.—The bond market was sudbject to conflicting trends tod Early weakness in public utility holding company loans failed to check #n upward movement in second grade | rails. but later the power issues steadied, while the carriers slid back under realizing. United States Government started | to move upward slowly after early irregularity, showing closing gains ranging from 1-32d to 6-32ds of & point. Most prime loans in the corporate division were firm. New York Cotton By the Associated Press. NEW YORK, June 12.—Cotton con- tinued its irregular fluctuations in Quiet trading today. Early declines under liquidation and foreign selling were followed by partial rallies on price fixing and buying credited partly to Government account, but prices again turned easier during the middle of the afternoon. October sold off from 11.24 to 11.13 and prices gen- erally showed net losses of about 10, to 13 points. Pg‘:—:_“"s closed barely Tow Hl:h July October .. December January March y Spot quiet steady. 8 to 12| Lo "middling. 11.80, Cottonseed Oil. | 8% 8 1941-43 Mar. 10810 1089 | Batavia Petr 415843, ANCIAL. B LIIIR‘I‘V. Low. 1stev 43 3441, xoo I 100 4th lll"l.ll-ll..mlfll 10131 10131 TREASURY. 10116 10115 10116 10824 10320 10322 10324 10321 10224 10427 10426 10427 10424 10423 10423 10811 1088 10810 1087 1089 107160 10716 10710 11010 1105 11010 .... 11121 11118 11121 238 1943-45 106 12 10610 106 10 41451947-62.. .. 11619 11619 11619 FEDERAL FARM MORTGAGE. .101 101 101 10210 1027 1029 e+ 10828 10328 10828 HOME OWNERS’ LOAN. 10019 10016 10017 1022 102 1022 1006 1005 1006 FOREIGN BONDS. Hish. Low. Abitibi Pa&Pw 68’63 29 2Th Adriatic Elec 78 '52.. 864 864 Agr Mtg Bk Col 63 ‘47 Febr cou on 21% 21% Blem 19444 3%s 1940-43 June 1087 1087 20 6% Antwerp 55 ‘58 Argentine 5% Argentine 8s ‘59 June Argentina §s ‘69 Oct. Argentine 6s ‘60 May Austrian7s '§7. 114 Belgium 6s '85. . Belgium 6%s 49. Belgium 75 ‘65 Beigium 75 ‘56 Bergen City Bleachable cottonseed oil (utures‘ closed easy: July, 10.31b; September, | 10.32b; October, 10.29-30; December, | 10.13b. Sales, 111 contracts, including 30 switches. b—Bid. Liverpool Quotations. LIVERPOOL. June 12 #,000 bales, including 900 Ameri in fair demand. prices 2 to 7 poin auotations_{n pence. American Hriet wood | . 7.31: good ing, 701 stpict B Salme. 6 837 Tow ‘midauins.. 6.46: 00d ordinary. 6.26 tures closed _auiet ©.30: October. 6.02. Sary, 5075 March, 501 CHICAGO STOCK MARKET . CHICAGO, June 12 (#).—Following is the complete official list of trans- actions in stocks on the Chicago Stock Exchange today: Lariet 96, e 508, High. Low. Close. | C 9 % 013 Toe 19% £50 nuuer Bros 50 Cen 111 Pub 8ve of ¢ ' 40 Midiand Unit ot i Ut 6% bl. .. 80 Modine i 3 tg Ward A 50 Musk Mot 8p A. nd & e30 Nobnl! Snlrk: 300 N 00 No' west zm - 30 No West U 77 bl ! 100 Norwest Bancors 0 Penn Gas & El.. 5(\ Perfect Circle... 00 Pines Winter . 50 Prima Co .... 100 Zenith Rad. Btock sales toda: — DIVIDENDS ANNOUNCED NEW YORK. June 12.—Dividends de- ared (prepared by the Standard Statis- ics Corp.) 84,000 shares. Extra. Pe. Stock of Pay- Rate, riod. record. artford Fire Insur 8-11 desl " Cemy B Reduction Co Resumed. H mr-ufl Corp .. .15¢ .. Accumulated, Res Afl!fl f i .3 fi:e-mmn-mm . it A 5 Dap) TE, .- it Ars Ol (be: S il ! 3 | PIIBDIIIIBIBIAP - lniat L, ©) Co 'nf. icorice Co pf. 31 Flour Mills. .. $2 { 76 i fola st s XCHOOS o .-.-.1-'3.'——»- a3 NS BRI S S S B 35555 + 2RIRIDP DD 223 PR R —— 3! o< meflm‘)fl“_ ©. DNOOWOD; » I35, A MONTREAL SILVER. | Chile Mtg Bk 6s '$2.. | Denmark 4345 '62. { [1seder Steel €3 '43. .. { Sao Paulo St 7s 40... Berlin 6s '68. . Berlin 6 Beriin Elec Berlin Elec 6 1., Berlin El Ry 65856, Brasil 6%s ‘27 Brazil 18 ‘52 Brazil Budapest 65 '$2 unmat cou on... Buenos A 6s 61 Buenos A C 6138 '56.. Bulgaria 78 ‘67 July coupon off. . Canada 4s ‘60 Canada 4%s'36 107% 1024 % 113% Chile Mtg Bk 68 '61. 124 12 463 101 90% Chile Mtg Bk 68 '57 % 1 Czechoslovakia 8s H 103% lolh lOBh B8R 964 1018 Denmark 535 '55.. Denmark 6s "42 Dominic 2d 6%s Dresden 75’45 33 3% 105 102 22% 176% lGerBkAll'l Ger C Bk A 78°50.... Ger Prov & City Bk con Ag 6148 '58. Ger Gen El 6125 '40. jGer Gen El 7845, Ger Gov b 65 Ger Rep 7849 . Graz 8s ‘54 unm co on {Grt Br& Ir6%s 37. ] Grt C El Jap 6% '50. Greek Gov 68 °65..... Italy 78 ‘61 Ital Cré P W 7. B ItalPUCrd 7s '52... Kreu&Toll 68 694 ofs Medellin 6348 '54. . .. Mex4s '10-'45 asst sm 14| BKIvn M T 65 68 A 651 b b6 BOND AVERAGES Compiled by the Associated Press. Net_change . Today's c'ase Previous day Month ago . Year ago . 1935 high . 1935 low 1934 high . 1934 low 1932 low 1928 high . 20 10 Rails. Indust. +.5 81.2 80.7 9.7 89.0 81.8 6.4 89.4 4.5 45.8 1011 10 Low-Yield Bonds. Today's close . Month ago . 109.5 109.6 1103 1083 9. 58°46. 109% 109% 109% bi .o 113% 1126 113% 112% 1124 112% 9R%, 98y 98 5.. 8l 19 Ann A lnuxmu 95. ll% fll( 4 \6 Armstrg Cork bs ‘40, A T&S Fe 45 '05-65... 106% 105 A T&S Fead)j 45'95.. 102% 102% A T&S Fead 45 96 st 1043 104% A T&S Fe gn ¢8°96... 109% 109% A T&S Fedls 43 107% 107% A T&S Fe C A 41,8°62 109% 109% A T&S F TCSL 45’68 110% 110 Atlanta & Bir 4s°'33., AtI&Ch AL Atl Coast L 1st Atl Coast L clt At1C L un 4%s 6 Atl Coast L clt 53 "4l Atlantie & D 1st 4 Atlantic & D 2d 48’48 At1G&WIB'BI..... Atl Refin deb 68 '37.. Baldwin Loco 5 B&OIstds 43 29% 42\ 107% 29Y% 42'4 107% 4 10014 102 101% B & O Swn 6850, B & O Toledo 45 59 Bang&Aroos cv ¢s Beech Crk 45 '36 reg. 100% Bell T of Pabs 43 B, 117% Bos & Me bs ‘55 Bos & Me bs 67 BeleYAl..d"il. Bklyn Edis 5849 A Bkiyn Edis 53 ‘52 B Bklyn M T 5549 A 33 109 109'% « 1054 . 107 Bklyn QueensC & S con 5841 stp.... 69 Bkiyn Un Gas 6s 50 105’ Buff R&P con 4348 5T 617 Bush Term cn bs '55.. 391 Bush T Bldg bs ‘60 56 BCR& Neclbs 34, By-Prod Ck 638 "4 Calif Pet 5839 Calif Pot db 5% 8 101 101% 1% 110 111% 1028, 112 115 114% 117y 1234 ‘dian Nt R 4% 861 112 Can'dian Nt Rél 1028 Can'dian Nt R 4% #'56 112% Can'dian Ry 4%#°'65. 115 Can'dian Nt 65'69July 114% Can‘'dian Nt 65'69 Oct 1171 Can'dian Nrdb6}%s'46 12313 Can‘dian Nr db 7s '40. 10513 1064 rp 87% Bil4 100% 100% Can dian Pe 111% Can'dian Pc CaroCl &0 Carth & Ad 48’81 gtd. Cent Br U Pac 4s'48. Cent Dis Tel b3 '43. .. Cent of Ga con 68 45. Cent of Ga 68 69 C. .. Cent of Ga rf 518 59 Cent {ll E& G 58 '51. Centof N J 48 87 Cent of N J gen 53 ‘87 Cent Pac 1st rf 48 °49. Cent Pac 65 60 Cent P Th Sh L Cert'd deb 548 '43. Chesap C ev el 6s 44. Chesap Corp bs 47 C& NW Nr W 6% w36 C&Ogen éls 92, C&04%8'93 A C&O4%s'95 B Chi & Alt ref 3849 Chi B&Q 1div3ly Chi B& Qgen ¢ 58.. ChiB&Q4%s 77... Chi B&Qref 5s°'T1., Chi&E 1116861 ... Chi & E 11 6551 ctfs ChiGL&CS3'37....1 Chi Grt W 45 Chi [nd&L ref 65 '47.. Chi In & L gen 53 '63. X | Chi ndaso s s6. ... CM&StPgn3is 89 B CM&StP ¢2'89. CM&StP gn 4% CM&StP 438’39 B, CM&StP 4%s '8 CM&StP bs 75. Chi & NW gn 4s°87 st 615 |Chi & NW 415 2037 . 2 Minas Gers 6% Sept soupon off Montevideo 7s '52. Nor Ger Lid Norway b8 Norway 6s '53. Norw Hy Bl 6%s ‘57 Nuremberg 6 0r|-mn Dev 538 '63. De: Poland 7s 47. Poland 3 '50. Prussia 6s ‘53 Prussia 6 %8 '51 25% 26% Queensiand 6s 47... . 107% 107% Rhine W EIl P 6s 55 37 37 ima Steel 78 55.... 51% 5% 10 de Jan 6% 53 Aug couponoff.. 16% 15% Kome 6148 °52.. ... T4l T4% Royal Dutch 45 45... 114% 114% 80 26% 17% 20% 107% 37 51% 15% Td% 114% 9% 9% Sao Paulo St $s'36 July coupon off. . Sao Paulo St $s §0 July coupon off. . 2 ¥ S F 2% Trondhjem 53857 Uruguay 8 o v o O ored sieads s Bisnes 1o 16 Jower. o2, 28 contracts, e’.“.‘i‘.h’df:’—%- du- Y4 offered: 4-cm § 5%E RRENT BB ——eee Westphal E1 P 6s 63. 37 DOMESTIC BONDS. Adams Bxp ¢5°48.... 98% 934 Alieg Corp b8 u wee T2 TiW TN 63% 63 17 1Y Chi & NW 4%s 2037C 9. Chi & NW gn bs ‘87 Chi & NW rf bs 2037, 1st 63 60, Chi T H&S inc bs '60. Chi Un Sta 4348 63 A. 108% 108% Chi Un Sta 6348 '63 C. 110% 110% 981y UBl Chid W 15%s'62... 1051 105% C&WI st rf 5%5'62 C 106% 1064 Childs & Co 63 ‘43 62 62 Chile Cop del 4% 93% Cin Un Ter 58 2020 B. CCCaStL rf ¢34 CCC&StL StLdiv4s'90 CCC&StLrf 6s'¢1C. CCCEStLCW&Ms'91 Cle Short L 433 61.. Clev Un Ter 43%s ‘17, Clev Un Ter 6713 B. Clev Un Ter 6 40734 Colon Of! 63 38 Colo Fuel & | S:Ia ind el tr 68 ‘34 I R P L 1st 4348 ‘57 105 1043 88% BT% 963 95% 96% 101 100 101 59% 58% B9 3% 83 83 26k 26 26 106% 106% 106% 61 59 6l 61 58% 61 864 §64 86% 85% 85% Columbia G & £ deb 6852 April Columbia G & B 1. 864 86% 85% Com Inv T %8 il « 111% 110% 110% Con Coal Md rf bs ‘50. 35% 354 36% Con Coal Md 6x'S0cfe 35 35 35 cononuxm-'n 107 107 Y s . 106% 106% 106% 40% 40 40% 41% 41% 41n 50 49 50 9 1% I 1 107% 107% 107% 110 110 110 3T, 194 len s’ vese 9% | 11 C St L & NO 63’51 ! N Y Cent con ¢s '98.. Previous day . Year ago 1935 low .. 1934 low . 1932 low High. Low. Close. 107 107 107 102% 102% 102% 2% 72% 2% ETV&Gaenbs's6. East'n Ry Minn ¢s ‘48 17 117 95% 95 54 B3% 8 8 ™% % 37 36h 84 84 104% 10415 102 101% % 1T Fed Lt & Tr int Fla ECRY ¢ Fla EC Ry 6874 ofs. FranSug T4s 42... Galvest HE&H 6%s '38 Gannett 68 ¢3.. Gen Am Inv 58 '52.., Gen SlulCi‘Al 49. Eq Goodrich Goodrich 6% Gould Coup 65 ¢ Gr Tr'k of Can 6s ‘36 Gr Tr'k of Can 1s '40. Gt N Rref 4148 '61 A. GtN R gen 4348 '16 D GtNRgen4%s'11B GtNRgenbés'13C, | Gulf M & N 58 | Gulf M& N 548 B! Har Ry-P C 13t ¢ Havana El con bs ‘52, Houston O11 548 '40. Hudson Coal 68 '52... Hud & Man inc b8 67, Hud & Man ref 6s '67, 111 Bell Tel 68 '8! 111 Cent coll tr 111 Cent coll tr 4s El. 111 Cent ref 48 °55.... 11l Cent 4% s 66. 111 Cent 6128 '36. ICC&ST L NO 4% s 1CC&St L NO 6s 63 10874 70 623 72 50 95 8% 62% 100 106% 105% inlana Sti 4148 T8 A. Inland Sti 4%s ‘31 B. Interlake 58 '51. Int Cement bs 43 | Int Gt Nor 68'52 A... Int Gt Nor adj 6; Int Hydro El 6 int Mer Mar Int Pap ref 6s ‘65 INtT&Tcv4k%s Int Tel & Tel 4%48'53. IntT&T6s 66...... Inv Equity 5847 A .. lowa C 1st&rf ¢s '51. lowa Cent 58 ‘38 ctfs. James F&C4s 39 .. KanCF S& M 45 36. KanCP &L 4% Kan C Sou 1st 3s Kan C Sou rf In Kan C Ter 1s KanG & E 4%8 80, Keith 63 46... Keily Spr Tire 6s 43, Kendall 5%s 43 ww.. Laclede G 6%8 63C. Laclede G 5%s 60 D. Lake S&M So 3348 '97 Lautaro Nitr 6s b4.. Leh C& N 4%s8°'54 C. Leh Val Hal B4... LVNY4%s'40 gtd. Len V Pa con 4s 2003. L V Pacon 448 2003. Leh V RR con 65 2003 Ligg & Myr 18 ‘4 . Loew's 65 41 Long Dock 6 A Long Isi ref 48 hiee Lorrillard Lorrillard 1014 1011 107% 1075 1054 1051 105% 105% 80 80 McKess & R 6348 " Manati Sugar mod T8 42 e!fl stp.. 90 M'Cro'yS blsselnied. .92% 92 8 106 106 106 106 104% 104% 5% Toh 1034 102% Y6 96% Mid RR N J bs 40 Midvale S&U b8 3! MUIER&SLbs Mil E R&S L rf 68 71 Mil Nor C 4138 °39 ex. MilSpa & N W 45 47. MSLP&SSM cn ¢s '38. MStP&SSM 6% MSt P&SSM bs MStP&SSM 5% 5 MSTP&SSM rf 6346 A Mo 111 58'59. Mo K & T 18t 4890, MoK &T4s'62B Mo Pacbs '$11..... Mo Pac 58 '81 A ctfs. Mo Pac5%s 49 A. Mob & Birm 4s'45... Mont Pwr ref 68 ¢3. Mont Pwr 68 62 A Mor & Esx 3%s 2000, Ly 105% 924 93% lS% 104% 1041 1 110% 109% lth 56% 56% 661 104% 104 104 .+ 106% 105% 105% New Or T&M b New Or T&M 53854 30 284 281 N Y BkIn&M B 655 '35. 101% 1011 1014 N ¥ Cent 3348 '97. 96 95% 96 85 83 84u T8I 60 60% 61% 60% 60% 66k 657 664 107'5 1074 1074 101% 101% 101t 59 5T bik 681 (6% 66% 65 6sls 64l 64w 63% 64 49 49 49 112% 112% 112% 87 87 81 Y Cent rf ¢%s 2013 31 {um IMK 108% 108% T 2% 51% 62 39% 39% 39% 197 107 107 S111% 111% 111% 805 80% 80% 21% 20% 21% 86% 84% 8% 4% 14 4% Norf&W div s ¢4... 105% 105% 106% Norf&W 1st 48 ‘96 116% 11644 116% North Am Co bs ¢ 9% 9T 9% 964 95% 96 iy 9% .I‘h NornO T&L . Nor'n Pac g 82047 75% 6% Tb% Nor'n Pac 4s'97..... 105 104% 105 Nor'n Pre 4348 2047 86)% 864 86Y% Nor'n Pac 65 2047C.. 94 9314 93% Nor'n Pae 68 2047 D. 931 931 98% Nor'n Pac 68 2047.... 99% 99% 99% Norn Sts P 1stbs’¢1A 106% 106 106 Nor'n St P 6841 B... 107% 107% 107% Ogden L C4s'43 3 3 35 Ohio Pub Ser 7 111%.111% 111% PartPub 6% Par-Pub 6%s '50 fled’ Dl% Penn R R con 4%8 60 1164 Penn R R gn 4%s '65. 10T% RR db4¢%s 10, Penn P& L ¢ 4% Peo G Lt&C rf b Peo G L1&C 6 Peoria & E 1st ¢ Peoria & E inc 48" Peor Peki Un § Pere Marq st 48 '56.. Pere Marq 4%s '80... Pere Marq 1st 5s 56.. Phila B&W 4s 43 Phila B&W 4%s Philippine Ry 4s°37.. Philiips Petr 6%s 39 | Pillsbury FI M 6543, | PCC&StL 4%s" | PCC&SL 438 Pitts&WVa 413 | Pitts&WVa 41,85 Pitts&WVa 415560 Port AC&D 6s'53 A. Port Gen El 4% 60. Port Gen EI 15t bs '35 Porto Rico AT | Pure O1l 5%s 37, Pure Oil 6%s 40..... Purity Bak bs 48 Reading R 4%8°'97 A. Rem-Rd 5138'47 Axw Rep 1&St b%s 63 A. Richfield Ol 6 | Richtield O 6: Rio Gr June 58'39.. RiocG Wecol 4s 49 A. Revere Cop&Br Roch G & E 58’62 E. . RG W Ist ex in 4539 StJo Lead 638 ¢ St L IM&S RH&G ¢s StLRM&Pbs 56.. StL-SF4sBOA.... StL-SF s 60 A it xen r( 5890 st Ter 68'52 St P U Dep ret San A&A Pa San An Pb 8 Seabd A L ¢ Seabd A L 4550 cfs st Seabd A L ref 4s'59.. Seabd A L rf 45’59 cfs Seabd A L 6s 4bA... Seabd A-Fla 68'35A et Seabd A-Fla 6s'35Bct Sharon S H 5%s '48 Shell Pipe L 68 53.., Shell Un Oil 68 '47. Slerra & S F P 6s '49. Silesian Am 78 °41. .. Sinc Con O 634333 B SincCon O 78 ‘37 A.. Skelly Ofl 6% '39. So Bell T&T b5 '41. So Colo Pwr 68 47 A. So Pac col 4s 49. So Pac ref 4s 55 So Pac 4%4s SoRyM&O4s'3s... So Ry St D div 4s '51. % Southw Bell T 68.'54. 1083, 1084 103% 103% 41% 41%- 4l Tenn Cent 6 59% 594 694 Tenn C&C 44 B... 105% 105% 105% Tenn El Pw 68 47 A.. 1001 100 100% Tezarkana 5%s 50... ¥84 8% 88k Tex Corp cv bs 4 103} 1034 103% Tex & Pac 1st 65 2000 116 116 116 Tex & Pac 6871 B. 89 89y Tex & Pac bs 79C Tex & Pac 58 30 D. Tex & P MPT 5% 108% Studebaker cv 68 '45. . 64 Tol & Oh W div 5s '35 101 Tol St L & W 45 '50 0% 1085, 106% 11yw 111% 10244 1021 107% 107% 104% 104% 106% 106% 103% 103% 9014 903 93% UnEL&P6%s 5 UnOCalés " UnPac4%c'67T. ... 104% Unit Biscuit 58 '50... 106% Unit Biscuit 63 ¢3... 103% Unit Drug 6s '63. 90% U S Rubber b8 l'l Ver Sug 1st Va El & P 58’54 Va EI&Pwr 5155 '44.. 112% Va Ry st bs'62 A Va8 W con bs 58 % Walworth 6545 A... Walw th 6% '35 ww. Walw'th I%I’IB“.‘ a .. lOTI 101;‘ 107% 119% 1194 119% West'n Pac b3 . West’'n Pac 68'46A as 8[ West'n Un 448 50. . 89% West'n Un col tr 58’38 If‘2\fi 102% 102% .lh .l\i 1% um. mu 101% 07% 98% 9815 984 108% 108 108% ® wmmm-'n. Wheel St F38 43 A, 5: 3 v | Brkera: Heas, 131 lomes ToaTor . & 0. MOVE REPORTED | quiet gle. PRICES ARE MIXED Some Weakness Develops in Vegetables and Fruit Quotations. Some irregularity appeared in quo- tations on the Wi n ymduee market today, although a majority re- mained steady. Asparagus, cabbage, onion and raspberry prices showed weakness, while lima beans, green beans and peppers recorded slight im- provement. Eggs were unchanged, but the un- dertone was weak. Live poultry tended lower. The summary, with egg and live poultry prices furnished by the Department of Agriculture, follows: BUTTER—One-pound prints (92 w-} %3: tub 20: 1-sound prints (30 score 35: piing, 20 10 12%a22; rk ins, fresh hams: 22 ed ncm. OOISL lll'dv ; o d :Ilfl huvy no 507 5 000,75, calves, bs. 4800, G%—Fr s um:mnna ut undertone ipts. 2275a23: henne: s Government da hite eggs (including grading mnruun' ccsts): U. 8. extras. large. 31'3: as. ards large. 26 LIVE v fre mediums. 27%; U. 8. stand- FOULTRY—Market _easy on horn chickens and 1 cent lower_on - 2- sizes. quality): 1141 Bpring chickens. - Lev- 17819; Plymouth Rocks. under 33 3% pounds. 2i COMMODITY PRICES YORK. June 12.—The Auocul"d Prfu 'xholulle orice index o commodities today declined to 70 The nrevlous day It 5 .” ’»l‘ . week ago. month 2.51 Jear Ran; High s 8410 UThe 1926 averase eaunls 100.) Miseellaneous Markets. Additional New York markets as com- plled by the Associated Press CO! £rot quiet: Rio No. 7 L Tin: Sanios No. 4. slasla. Cost and rmx t sales. 7.000; Sy 4.07n mber. '5.17n: March. 7.64n: March, GAR—mm"s No. 3 closed steady. | l ln‘er to 2 higher: sals 050 tons. 39 ptem be DQmeb!Y lflb January, 2.27b: erl;h 2.20b. May. BBER Putures closed R hIIh!I nlefl No. 1_standard. acts: July, 12 85286 September. . 13.16; January. 13.2: | v, May. 13.84n; smoked Tib- HmHmum Slosed steads. 108 1037b. Decei Septembe: March, 1100 sales, LK—Putures closed steady. taal 540 bales; Ji 1.34%2b October, December. 1.32'5b n market quotations 60-day e mane i steam flature 7% per cent seripiane; 18 nton double extra A" eifs, 135 Japanese spectal crack, dou- blr uun £1 per cent seriplane, 13-13s. U 10.70. D000 | n—Nomuul - FOR NEW EQUIPMENT By the Associated Press. NEW YORK, June 12.—The Chesa- peake & Ohio Ratlroad was reported in financial quarters today to be dick- ering with private equipment under- writers for the necessary financing in its plans to purchase between $11,000,~ 000 and $13,000,000 of new equipment. It was said the road wished to ascer- tain if it could secure more {-vmhle interest rates than the 4 per cent ! charged by the P. W. A. with interest | free for one year. \ FINANCIAL. ONDS ON NEW YORK STOCK EXCHANG E|CApTAl PRODUCE [STEEL RATE DROPS FURTHER N WEEK Furnace Coke Is Lowered. Scrap Prices Display Weaker Tone. By the Associated Press. NEW YORK, June 12.—Due to sea- sonal contraction in orders, steel pro- duction had declined to an average of 39, per cent of capacity. from 412 per um last week, Iron Age reported The price of furnace coke was low- ered 35 cents a ton and steél scrap has a weaker tone. The review asserted that “vague ru- mors are afloat regarding price con- cessions, but to date the only irregu- larities uncovered concern intricate details as to extras, regarding which | there were diverse interpretations even under the code.” Referring to & “whispering cam- paign” against the price structure, the | summary declared it “has not deceived the industry any more than have the unsupported charges of organized la- bor regarding post-code changes in | wages and working hours.” “With business entering the custo- marily dull season of the year, few attractive tonnages are before the trade or in early prospect. “Steel buying for current models of automobiles, with the possible ex- ception of Chevrolet, is over, Little new tonnage is likely to be placed until mid-August, when preparatory work on new models will get under way. “Tin plate production has been re- duced to about 75 per cent of capac- ity because of a congestion of stocks in mill warehouses. “Sheet output has been pared down to 50 per cent and strip production to about 40 per cent. Steel pipe mill operations have been given a lift by & purchase of 13.500 tons for a gaso- | line line from Harrisburg to Pm.s- burgh.” The Iron Age composite price nl tcnp has been lowered to $10.71 a ton from $10.83 in the previous week, the decline resulting from weakness in the cmcno market. BALTIMORE STOCKS | Bpecial Dispatch to The Star. !AL‘H‘MORE Junl 12— High. Low 4" 181z 1915 c,m. 8% Arundtl ArD & x‘\el Gas nbmr Bro-Seitz ‘A 30 Pidel & Deposit 190 Hnunn ol of vic 20 Merch & Miners # Mm"fi W PS§S 50 New. Amster Cas 20 Pa_Water & Pow 550 U'S Fidel & Guar BONDS. %7000 Balto City 45 '8 ] 6000 W B & A o ) 13 Sy o e Senk 110 5 — FREIGHT LOADINGS NEW YORK June 12 (P —Revenue freight car loaaings on railroads reporting today for week ended June 8 included N entral. . .. stsnurl Pacific! . lington Rortol & we | Peansylvania NEW YORK BAR SILVER. NFW YORK, ‘ure 12 (#).—Bar sil- ver steady, % lower at 72% —_——— MORE COAL IS DUMPED | AT LAKE ERIE PORTS By the Associated Press. CLEVELAND, June 12.—The Ore and Coal Exchange reported an in- | crease in the dumping of coal at Lake | [ Erie ports. Prom June 1 to 10, in- | clusive, 31,736 cars were dumpea into | vessels, compared to 30.944 for the | same period last year. The increase is | i credited to prospects of a coal strike. METAL MARKET. NEW YORK. June 12 ( —Copper electrositic. spot_and future, : spot B ot 3 kan 0z in Louis. spot and future. 4.30. Aluminum, 19.00a22.00. Antimony, spot. 12.75. High. Low. Close WhiteS M 65’36 ww. 9lls 91% 914 36 ct 9y 9 9% '40... 103% 103% 103% 41. 108% 108% 108% WisCS&Dterds’'36 64 64 6% Youngtn S&T bw'70 B 934 934 93 Youngtn S&T 5s'T8 A 9314 934 93% Funds Available for CONSTRUCTION LOANS or LOANS ON IMPROVED PROPERTY Reasonable rates Prompt ection B. F. SAUL. CO. 925 15th St. Natl. 2100 ELECTRIC Central Reports Rise in April Loss To $393,982 Mark By the Associated Press. NEW YORK, June 12.—New York Central Railroad had net loss of $893,982 after charges in Apri. com- pared with $540,185 ir the same month last year. During the first four months net loss totaled $2.578831 against $1,712,165 in the same period Tyler and Rutherford, Inec. 1520 “K’ NW Natl. 0478 MASSACHUSETTS INVESTORS’ TRUST Prospectus Will be Sent on Request A. 8. GouLpEN & Co., Ing, Woodward Blds. NatL 2000 Qeac[y Money plus steady incomes | The Building & Loan Plan of Saving —is the ideal plan . . . the PROVEN plan! Has withstood all the financial storms of the past century! | @ It provides the means ot saving on {a steady. easy schedule, which wage jearners will not find burdensome | ® Your money is safe, because it is | invested right here in this community. A occupied HOMES, conserva- i\el\ appraised . . . not remotely away. ® Come in and learn fully about the “Ideal Plan” of saving. We Pay 59, Compounded Semi-Annually from the date of payment to the date of withdrawal @ You can open a Savings Account with ONE DOLLAR, or more . .. and you'll always find, at “The Fldch 0 a friendly spirit of helpfulness and co-operation. . The Fidelity & Building & Loan Association MAIN OFFICE, 610 13th St. N.W. First Mortcace Loans 3.year Loan S%2% Without Curtailment Oon District of Columbia—Maryland—Virginia RESIDENTIAL ene BUSINESS PROPERTY RANDALL H. HAGNER & COMPANY ComsomaTED LOAN CORRESFPONDENT ’;a%.% .]wmoe?’mya»’ 1321 Connecticut Avenue N.W. anized 187! Ory 19 JOHN JOY EDSON President Telephone: DEcatur 3600 Equitable Co-Operative Bldg. Ass'n ASSETS $6,492,976.24 55th YEAR WALTER 8. PRA’ Subscriptions for the 109th Issue of Stock Being Received CDIPLI ITT. Secretary Do You Desire a Loan —on Real Estate or to Take Up First Mortgage? ? TITHOSE desiring money to purchase a home, refinance present incebtedness or improve property should consult us. Applications will receive prompt and courteous attention. Loans Repayable Monthly Take 12 Years to 915 F St. N.W. Repay Your Loan Nat. 1741 We take pleasure in announcing the admission of PAUL D. as a General HOWE Partner and ECKLEY B. COXE m s a Limited Partner in our firm Auchincloss, Parker & Redpath 719 Fifteenth Street Members New York Stock Exchange New om'mxm ‘New York Philadelphia York Curb Exchange (Assaciate) Chu&lflp Board dm Baltimore Wilkes-Barre