Evening Star Newspaper, June 13, 1935, Page 17

GAINS REGISTERED IN'CURB TRADING Metals and Oils Are Heavy, but Numerous Others Move Higher. By the Associated Press. NEW YORK, June 18.—The Cutb market showed a considerable num- | ber of advances at the close today, | although many of the metal and oil shares were conspicuously heavy. Utilities came out of their Slump | of Wednesday to register modest gains. American Gas & Electric led the recovery witn & rise of a point. Other firm spots included Pitts- burgh Plate Glass, up 1%, and Parker Rustproof, up %. BONDS ON THE CURB MARKET. DOMESTIC !oNDe lA. Clost. Alabama Pw 4'as '67.. RE ' ROYs ||l'z| 004 10034 % | Claude Neon Lit: By privaie wire direct to The Star band Salth— mmfl‘:l‘.. Adé 00. High. Low. Cless. Adams Millis 1stpf (7).... ll'l 10?'4 10:9\: 10:5‘3 Agfa Ansco. . % Ainsworth (& 2 26k 25% 264 Alr Investors Ine 1% 1% Ala Powr pf. (8).. 60% 60% Allied Int Inv pt.. 9 9 Ailted Mills Ine.. 16 8 18 Alum'n Co of Am. 250 85 vuu A!um'nptuu)..m- 861 & Aluminum Ltd. | 21 l: Am Beverage, . W 1% Am Cty P&L A(‘HIOO- alw sln Am CitiesP&L(B) 3 Am Cynam 400 B.. 24 199 flm | Am Equities...... 1 piny | Am Founders { | ’AmOlL % | Brazil Trac L&P. Brill Corp (A) | Brill Corp (B 18t pf (D)...s 258 4 21'4 AmGas& B 1.40.. 36 273 % (6)..100s105 104’4 1 | Am Laundry (406) 1008 15% uu 8% AmLt& Tr1. zo.. 10% 0% Am Mfg Co..... m % Am Mll"cl\bfl. . Am Superpowar.. 1 Angostura (20¢) Ark NatGasA.... Armstr Cork(80¢) Art Metal W (40c) 1% 2% 5% Atlas Corp Atlas Plywood Auto Vot Mch 50c. Ax-Fisher 3.30 A, B Py A L g S - e B R Bellanca Aircraft Bliss Co (E W)... | Blue Ridge pt (3). Bower Roll B (1). Brown Forma Buckeye P L (3)..100s Buft NQEPDSIG. 2 22 Butler Bros..... 1 Cables&Wire (A). Cables&Wire (B). Can Marconi.... Carib Syndicate | Carrier Corp. Catalin Corp. Celluloid C 1 Cent Hudson G & £ ctfs (80c).. Cent States E Cities Service Cities Service Cleveland Trnewr 4 | Colon Of! 4 | Columbia 104 \’.; 13'4.;: 1080 A Cities Service 58 Cities Service_ 5s Cit Srv Gas 5'as * 2S3TBS=ISEE 1ERE S o0 EIZRAE HEFFESTTEES 32T 71wl Gzor 2 Pw 5 L Gmeue IR 58 4 Gien Alden C 45 '88 ”l 103 Elec cv pt (5) 4008 Columb O&G vte.. 1 Com'with E4 (4). 7 Com'with&So war 91 Community t 2% Th Cons Copper...... 3% 40% | Cons Gas of Balto (3.60).. Cons Retall Stores 8% pf ww. Cons Royal (20c). Cord Corp. .. Corroon & 6 8% 17 Crown Cent Petr.. Cusi-Mexicana M. e e Darby Petr (50c). Diamond Shoe 60¢ Dictograpn Prod. Distil C Ltd {G‘A Dow Chemical vi) 2 100!, 100 Duval Tex Sulph. 3 9 10(9):: —_— Eastn GEF Asso.. 1 315 314 3y Eastn G&F A pf 8 Easy Wash Mch B Eisler Elec Corp.. Elec Bond&Share. Klec Bd&Sh pt (8) Elec BA&Sh pf (6) Klec Pwr & Lt 20pf(A).... Elec Sharehold’g. klec Share pf w Equity Corp Europeéan Elec Ltd (A)(60¢) nn% | European Elec 1..'ly o8 106, Ltd db rights | Ex-Cell-O A&Tool 102™ | Fanny F C (s0¢).. 54 i 88 & 1108 IlPI‘q Ul C1ghua 10102 101 98la 081 n,‘ § 93 oty | : 1035, 108% 103 u!& a1 | by MCN & Long Island Lt 6 La P & L 53 EENEES SREEEF ey 3 S & EFRESEES, SRt 233223 z233es EEE FES PSR = SPPDDISA DD DR, S2RIRR 5323333 * & s T o far R e FE RS E SESRSS S SR BSESESE = BRRnE I I DD 22333 RBR33I=BIIT2232 302 FRRRES FS i ot i e pvie ot e SERERERSY TRy Seasssiess pex 3332839228333 & F TR EE e Saausste ot s EER —— F OIS (T, Res 2 Sgedany FEEFRE F & I 232 S 23 32 0812 V | Land Bank bona: iE w 4 ?I NEW YORK BANK STOCKS NEW YORK. Ju s Security Dealers Association; " YOk (Quotations as of 2 o'clock.) FEDERAL LAND BANKS NEW YORK, o June 13 (P—Pedbral lQuollllfl Jan.. 1951 dan_. 195! J. & J. 19 eSS ISRSESR] HES RS W Pl o S| e PECCIORIN e 2552883822 Julgfi 1936 t 352 ¥ soas =23 - MEREIISE SEESNREE So5ocBe SEIFTS o EXSEITFE SRR SSESN eSS EaSRas e b -5 s Sei 5 558 ctonsw ST LSR8 IRSLSTSREISISSS $ o) P=Z ol 28 3eapSeatieSsSSss ot tirt 3wt EEFEESS SREEE - SRRSERFRENRATE - 1 i - & SRARRRRSRRRRSRSE SR, I e rmg’e’v"‘- I% 2gacer N PR & ot i 1S3 = ety F R SFESEE SF s " 2g - >:>i=<» B3 r-‘ ¥ - sreininaatiniitee s e nnton W FRFRIFESFESSESS R s 555 FEEESFERFIISTESTE & z2SsaennSSStsesnsloate SoeneSEooCs e F ESSFR SRERF 8 5 SHEERIRIESE s 2 7 oy gegg15s, BaS22EE 2, 3 2\ = WO e 2, e [ 28" s : & R 2, g8 13 ool o >Fret 4 8= v, kil Tz, e 2RIV BIEIILIT SRR F - o) 282 ,. 293 Cacta 9%% A SRR R - % | Greyhiound (Dél). 7 474 6% aT% # | Laxe Snore M(t2) 1 & Long 1slangd Light 14 | Long Isiand Lighe * | Mohawk 1 2 % | Nat Dairy pt (1) 1758 109 . | Peanroat Corp. . % | Pitts Plate GI(t2) 8 6 THE EVENING STAR, WASHINGTON, NEW YORK CURB MARKET ity Bate. ALS 00, Hieh. Low, Slose. | | First Nat Stores 2 st p) 1) 208 114% 1181 1141 Pisk Rub! 10 6% 6% 6% Fisk Rub n [ ; 2 12 Flintkote le (A) 19 MP; lpt.... 808 27 b4 ot Ca (kmu.‘... ’ 24% Ford Mot Can (ki) B % 2 Ford M Litd a: Y % Froedtért Gr & M conv bf (1.20)150s 15 Gen Pub Sve of... ub. Gen Tire . 45 Gién AldenC (1) 7 i.’m Globe Under (80c) Godchaux BuglA) 25? 152 15\1 : H Vardlsh (80e) ™ % % Great Atl & Pad Goldtield Con: Gold Saal Ele Téa n-v (18) !0- 12815 12815 12814 Grand Rapids GultOllof Pa.... 8 GBK 67% 684% Hartford Elec Light (2.15)... 63 63 83 1 28 28 2% % 8 1% 1% 1% G 1 1 Hollinger Gfiflc) 515 15 15 Horn&Hardt 1.60. 268 24 24 24 T 208 106% 1063 106% 8 15% 154 154 8212 62 82 Hydro Eléc Sec. 3™ 3% 111 Pw& Lt 36 pt.. 100s 2 Imp O1] Ltd cotpoti (t50c) 34 Indiana PL (30c) 4 inaian Territory Illum Oi1 (B) 4 Insurance Co of North Am (3) 8 Intl Mining war.., 1 Int'l Petm (11%). 18 Inu Util (A)..... 1 Intl Util (B)..... 10 Interst Hos (2)... 1 Irving AChallc. 2 Jersey Central P&L pt (5%) 285s JerCnt P&L pt (. 30s Klein (DE) (t1).. 7 Knott Corp. . 1 Kreuger(G)Bréw. 6 1 Lehigh C&N (80¢ 1 Leonara Oil. . 2 Lerner Stores 5 Lone Star G a1be. 5 3 ot (8) B 508 Louistana L&Ex.. 10 Lyneh Corp (2)... 1 38 McCord Rad (B)., 10 Y Maryl'd Casualt; 1% 1% Massey-Harris... 1 4 Mayflower As (2).100s 50 Mead John (13).. 2 & 621 Mem Nat G allc). 2 2 Michigan Sugar. . 1% Middle States Petrol vte A ... i 14 Midland Stl Prod. 8% 8% Mohawk Hudson 1st pf (4)....226865 64 Molybdenu Murphy Co (1.60) ———— Nat Bella Hess... 10 1% 11 ¥ 108% ]09 Nat Fuel Gas (1). M 17% 17% Nat [nvestors. . 1 1 Nat Sugar NJ 12) l 2!!4 26% 26% Nat Transit (80c) 1 8% 8% a9 New Brad Oil 20e. NJZine (2)...... New Mex&ArizLd Newmont M asve, 52 N Y Telof (6%).. 508117% 117% 117% Niag Hudson Pwr 18 Bl 5% 5% Niagara Hudson * 1§ PwrAwar .. 1a % b Niag Shrs(Md)B. 2 4% 4% :Ilu‘ns,c& Pond. 2 204 204 or P pf.. 1008 2 Noerthn N Y Uul Lo = 88 86 13 13 - 1 118 11% Novadel Ag I!) 2 218 213 21% ‘ —F OnhtoOllcu pf (8). 3104 1084 1031 | Uhio Power pf () 20a wsmos 105% 1 Outboard Mot (B) 2 % % — Pac Light'g pfi6) 50s 98% Pan-Am Air (1).. 1 38 Pantapec 01l 2 Parks Davis (11). 13 41% Patrker Rust F(l) m- Penihsular Tel.. - Pepperell Mf[ 6) lo. Phila Co (80¢ 2 Phoenix Secu Phoenix Secu: 1 Ploneer Gold Mines Lta (3ve). . Pitney Bo P (30c) 16 ] Pitts& L E (2%). 508 1 1 Potrero Sugar. . 1 Prop'ties Keal vic 50s Pub .!\e Ind Tprpf...... 108 Puget Sound P& L3$spt.. 100s 2 Puget Sound P&L36pt.. 26 Pure Oil pf...... 140s —— Reliance Corp(A) Reybarn Co Root Refining. . Ruberold Ca (1), 758 ———— 8t Regis Paper... 1 Salt Creek P (80c) 1 Segal Lock & H... 3 Selected indus allot cfs (314 )250s Select ind pri81)100s Shenandoah pf,.. 3 17 Sherwin-Wil (3).. 3100 Smith (AO)...... 3 65 Sonotene Corp. .. South Am Gold & Plat (400). Southn Calif Edis EdpfC(1%) Southland R t20¢. Spanish&Gen rets Spieg-M-S pf(815)750s Square Deal (B). 1 Stand Oil Ky (1) 11 Stand.Oil Ohlo. .. 1 Stand Oi1 O pf (§) 258 Stand Stiver & L, 63 Stuts Motor 2 25. Sunray Oil Sunshine M (1.20) fiB Swift & Co (vsoe) 15 1 ‘Teck Hughes(40e) Texas Guif Prod. Trans-Lux Daylite’ Ple Sn (3ve). l L 5 1 Unit Gas Corp Unit Gas C war, .. 10 % UnitGasCorppf. 3 §7% Unit Lt&Pw (A). 2 !K Unit Lt& Pwpf.. 2 Unit Shoe M 1335 .1608 liu. U S Elec Pw ww.. 1 US& Internat’l Seclistpfww 1 §8 Uhit Verde Bz 40 1 3% Utah P‘wr &Lt um"g (‘t’l 16%¢) 268 !C% Utllitles P& l. ‘of 1008 ol Utility Bquities., 4 Utllity Eaq pf(33 )8008 ll Utility & ndus... 1 & —— Venesuela Petrol. 12 1% — Waitt & Bond (A) 1 9% fl Waiker (Hiram).. 3 244 Walker (H)pf(1). 4 lfli lflfi Westn Alr I}xun) 2% 2% zntn otis) l.llfl 101 101 oodley Pet(30e) 2 § 4% 4% ‘Woolworth (F ') Lll (45 .—l.e).. 1 . Dep Erxt n Aé%cnhum - 00-260 und-. 340 pounds, b.108 0% ’ "l 0_por Rood GG QUOTATIONS TURN IRREGULAR Nearby Ungraded Receipts About Steady—White Extras, Large, Firm. Ege quotations were irregular on the WasHington produce market to- day. Neatby ungtaded offérings were Just about steady; Government- graded white extras, large, ruled firm, but extras, medium, declined % of a cent. The summary, with eggs and live poultry prices furnished by the De- putmem of Agriculture, follows: 9¢-pound prints, (02 nnnb 1-pound prints pound prints, (e'f ore)s }ult lbl«l steady on U. B. extra, whites, extra, mediym, easy e 3 i s LIVE .5 UERY Mirket wesk and lower on Léghorn chickens, Of steady ‘and unchanged DIVIDENDS ANNOUNCED | NEW YORK. 3.—Dividends _de- tlared nnrwuec “{' E fHafee C“' ¥ the Standard Sts- Extra, P ., Tl r Reduc| . 00 Bl PV Petrol Explor. . & | Boston” “fusur . Boston Insur 513 | British Col Tei 8% nreg. Burco Inc $3 pi an Converiers an Fairbks-Mors colo 1‘1 3 ol olonial fce’ #3 bl Col Ice S8 pf B Conisol Ofl _pf. Coptinental 83 tmon ubber uie. FiLlh l‘«’ve-nue Bank ar Rapids Vin lnn\er Pire 1 Harbe ue; 4 | Marttord Pire 1 1n: Higgok il Corp g‘muw l.u pl aufma it Si oQuay-N obria MIE M ighangs Bk of ew B8 Mosser VJK) lglmcr e .. 6-21 Mountain 5t Pl nud l’ ater 5 14 | Sthley (A E) Mte Stix Baer & Puiler 4 | Topacco & Alum ) A Torrineton: Go oy, o+ Gen T 10 P ivesicrs - | Ingorp Inivesiors In! Investory Otis Elevator will & INVESTMENT TRUSTS & 13 (P —New seturity Deaiers Kisoclition: 5 (Closing quotations, 3, Pund we . X Corporate Trust Corporaté Trust A A Corp Tr A A Dividend Pive Year Stan 3 Stand Uti) st Pund Shrs . Tnn!/‘ed xndunry Trusteed Rk Shr: T Trusteed Am k GHICAGO LIVE STDCK poundsD.00R70; bigs, L.mlui. nnck:’nl SOWS, Sflblflfi. 0 0 0 0 Lot 000} o Seneral ade o ln 2. ippers doing very it ther kullnl classes slow. dy slaughter cattle and vealers: 8 and cl 50-900 §00-11 pounul 1300, voung %‘ 10.00813 00: noundl 3.00; common - dium. 5. 00 ounds. 500810 ’5 helf- cho 00750 !000( slow: mun i::" fill‘;’g:?:e m“ .mi" ; i i -g::za;f,fl;-fi“"":"# its, eommon U. 8. TREASURY NOTES. (Reporteg by Chas. D Barney & on Rate—Maturity Bid. D. C, THURSDAY, JUNE 13, 1935. A Statement 0 The Public Effective at 10 o’clock P. M., June 11th, Diamond Cabs retufned to the old rates of 20, 30, 50 and 70 cents, covering the original four zones. This action was taken late Tuesday afternoon. The unfortunate strike, and an increase in rates, would not have oc- curred except for a series of uncalled for events. The Officers and Di- rectors of the Independent Taxi Owners’ Association, Inc., the members of which own and operate Diamond Cabs, were opposed to the raise in taxicab rates at this time, notwithstanding the fact that taxicab rates in the District of Columbia have been unreasonably low for a number of years. Because of special regulations during the Shrine Convention, taxicabs were excluded from certain important highways and areas of the city. A large manufacturer of motor cars sent a fleet of 350 cars into this city for the sole and exclusive use of certain Shrine Officials and members of their families, but were not confined to that service. Drivers of these cars would hail a prospective passenger of a taxicab with the remark “Official Car, Noble,No Charge,” and the taxicab would lose a passenger. Visitors were notified the rate for taxicab service in this city was 20 cents and not to pay more, whereas the fact is that 20 cents was the rate for the initial zone, 30 cents for the second zone, 50 cents for the third zone and 70 cents for the fourth zone. Visitors had neo knowledge of the various zones. They were advised only of a 20-cent rate. They refused to pay more and disputes followed. Then came the disgraceful, unwarranted and slanderous attack upon taxicab drivers over the “loud speakers”. installed on Pennsylvania Avenue, no matter who was responsible therefor. This was the climax, and it was taken advantage of by agitators who had long attempted the formation of a so-called taxi drivers’ protective association. Without authority for its use, drivers from all the companies assembled on the Diamond Lot at 1st and M Sts. N.E., following midnight of Sun- day. They were addressed by an individual who advocated a strike, and a strike was determined upon if certain concessions were not made, in- cluding among others a retraction of the slanderous attack made upon the drivers and an increase in rates. The Officers of the Independent Taxi Owners’ Association did all they could to avoid this action. At 3 o’clock A. M., Monday, June 10th, the President of the Association pleaded with the drivers not to strike. Di- rector General Smith of the Shrine did likewise. Both were unsuccess- ful. The harm had been done. Accordingly, a meeting of the Board of Directors of the Independent Taxi Owners’ Association was promptly called and the matter thoroughly considered. The Officers and Directors were confronted with a serious emergency. They realized their duty to the citizens of the District of Columbia and visiting guests. They knew the public was entitled to, and should have, adequate, efficient and courteous taxicab service. Espe- cially was this true at the time of an important convention with thou- sands of visitors. They realized a strike of taxicab drivers in the Capital Cify on an occasion of that kind would be a disgrace. The drivers refused to return to work. The Board of Directors had but two alternatives. They could have refused an increase of rates for Diamond Cabs, which would unquestionably have severely crippled taxi- cab service and resulted in possible serious disorder. The second alterng- tive was a concession to drivers, even though it be temporary. The Di- rectors reluctantly concluded the latter election was the best for all par- ties concerned, the public and the drivers. For this reason and this alone, the rates for Diamond Cabs were raised and the Public Utilities Commis- sion was promptly informed of the new schedule. Now that the emergency has passed, the Directors have determined to restore, effective immediately, the old rates of 20, 30, 50 and 70 cents for Diamond Cabs, and the Public Utilities Commission has been so advised. They are taking this action under the belief that matters are now under such control as to avoid a strike. They trust their belief is correct. They know, at any rate, many drivers will go back to work, irrespective of any handicaps with which they may be confronted. Except for this emergency, rates would not have been raised. It would have been far better to have awaited a hearing and determination of a uniform rate by the Public Utilities Commission. However, prompt action was necessary. It is to be hoped that the Commission will soon determine a fair and uniform rate for taxicabs, and that Congress will give to the Public Utilities Commission authority to do so, if such au- thority is necessary. i HARRY C. DAVIS, President, Independent Taxi Owners’ Association, Inc. *¥» A17