Evening Star Newspaper, June 16, 1935, Page 69

FINANCI FINANCIAL THE SUNDAY C., JUNE 16, 1935—PART FIVE. RAIL AND UTILITY [Buiding tweeds || SUMMARY OF' BONDS ON THE NEW YORK STOCK EXCHANGE In Food Induttry FOR WEEK ENDING SATURDAY, JUNE 15, 1935 e s — ’ i3 Reach $1,607,000 18, GOVERNMENT BONDS. 73 Chasmpeska Corp U748 South Paoref is'55. v 374 3;';:?1:.& W G vtan Pwr e Litte ... Lk Net o +3% v Chons e 48% 24% Util Power 8%s 47 3 69 +3% | 94% 66 Vanadinm ev 58’4l 113% 110% Ches & Ohio con bs ‘39, 84 +2% | 113 110% Virginia Ry 1st s A 50% 381 Chi Alton ref 3s " 104% 104 109% 106 Chi B&Q Il div 4 110% 105% Chi B&Q gen 4s ‘58 109% 104% Chi B&Q 4%3 B 77 114% 107% Ch! B&Q ref s 'T. 9 5% Chi & Eastn I11 58 51 the Associated Press. e b g T g S it 2. B : f : ction worl th 43(8°33-38. .. 1 10129 10130 . Some Exceptions in JUnior | Gimme May totailed $1,607,000, ace | 1045 10131 ith ¢¥:-n-u Te 10130 10129 10120 —2 Carriers Laid to Week ee.* OF thia. amount, 3874000 ERELSDRE BONDE, dustries. Amous 10126 10016 2%s 1955-6 10118 10112 10116 !fl{’lmlnw themu ble‘:r!:::c Jl:l:.fl:g To112 301 § lo112 10112 10112 B while grain 104 10 100 20 . 10326 108 20 108 26 End Adjustments. with $250,000. 104 10 100 20 10327 103 20 10326 By the Assoclated Press. NEW YORK, June 15—Railroad and utility issues registered still fur- 105 11 101 26 105 104 24 105 ther gains during today’s brief session +4% 89% Wabash 1st 55 '39 +5% §7% Wabash 2nd 65 39... 4614 Sovthern Ry gn 68 ‘56 +4% 12 Wabash 55 B'7 48% Southern Ry 6%s 5 +5% 12% Wabash 5%s 75, 111 107 Souwst Bell Tel 68 A * + % Walworth 6s A '45, 104% 102 StandOiIINY 4 Warner Bros cv 6s 3 48 39 Studebaker Cpcv + % Warren Bros cv 6841, 1% West S8hore 1st 4s 2361 101 90 Tenn Bl Pwr 6s A ‘47 +1% Wastorn Eisc dob 58 44 100% 104% 1025 Tex + % Western Md 18t 45 '52.. 4% 98 19 +2% Western Md 6%s°'77... 100 931 794 ‘0 +2% Western Pacific 6 A "4 31 931 793 Texas & Pac 6380 D. Th 3% P Ts - 14% Chi & N W 4358 2037, ., 14% Chi & N W 4% s C 2037 9 Chi&NWiks'4 44% Chi & N W 6% 1068 10115 3% 104 2: 104 22 104 26 10818 104 18 108 1 108 16 New York Cotton 10824 T 103 19 3% Western Un 4145 '50.... 90 of the bond market. U. S. Govern- 104 16 106 6 ment loans displayed steadiness but | trading was restricted. While there were a few defections from the upward movement among Junior railroad loans, largely as a re- #ult of week end adjustments and profit taking following the sustained rise over the past several days, the | main body of these securities ex- changed hands at advances of Y4 to more than & point with numerous western and southern roads in the higher brackets, ‘These included Southern Railway consolidated 5s at 87%;, Pere Mar- quette 55 at 89%, at 70 and “Katy” 412s at 4125, Others improving included obligations of Bal- timore & Ohio, Great Northern, New | Haven and Southern Pacific. Among industrials and utilities, out- standing performances were turned in by bonds of the International Tele- phone, which were picked up in sub- stantial volume by traders and in- vestors who believed the company had materially improved its financial po- sition by relinquishing its paternal | Pkold upon Postal Telegraph & Cable Corp., one of its principal subsidiaries, which filed a petition for reorganiza- ickel Plate 558 | By the Associated Press. NEW YORK, June 15.—Cotton con- tinued its rally today in moderately active commission house and foreign buying promoted by reports of un- | favorable weather 'n the cotton belt. Fina! prices showed net gains of 7 to 9 points. Early buying from both domestic and foreign sources was credited partly to overmignt consideration of statements by Senator Bankhead pointing to the 1elatively smail stocks nf cotton in iree channels and the suggestion that ‘ittle of the approxi- mately five and one-quarter million bales controlled cr financed by the Government wonid come out much below 13 cents. Heavy rains in Cen- tral and South Texas and reports of floods in the Southwestern part of that State also bicught ‘in demand. Midmorning advances to net gains of 10 to 12 points zttracted local real- izing, but the market became steadier | in the late session on trade puying | and covering. ‘The amount of cotton on shipboard ' awaiting clearance at the end of the | 104 14 103 28 107 108 24 102 28 11628 1136 116 22 108 15 6614 Chi Railways 1st i»'27 108 12 108 16 107 17 1106 11126 106 18 116 22 FEDERAL FARM MORTGAGE BONDS 1014 10024 23 1942-47 10215 100 20 3s1947.. 10212 99 104 101 -~ 1035 — High. . Low. 413 263 16 3s 1949 14 3% s 19 Abitibi P& P 6s'53..... 96% 901 Akershus 58'63...... 92 841 Argentine 5345’62 6% 90% Argentine 6 A 57 +6% 90% Argentine 68 ‘58 B. . 961 9 96% 96 $6%x 96% 96% 9T 1044, 104 Argentine 63’59 June Argentine 6s ‘59 Oct Argentine 60 May... Argentine et Australia 43 Austraiia 58 '35 Australia 58 Austrian 7 . 1014 100 31 101 4 . 10211 1022 19211 . 1025 102 103 30 103 22 103 27 HOME OWNERS' LOAN BONDS 10021 9620 2% 1939-49. 10214 9918 952.. 10116 1003 4s1951.. 1025 . 10020 10013 10019 4 . 102 48 10130 1024 L1005 1003 1003 FOREIGN BONDS FEA LR 10% Chi R I & P ref 4s 34 10, CRi RI& P %= 62 4% ChiRI&P Istdl 109% 106% Chi Un Sta 4,5 ‘63 110% 106% Chi Un Sta 6563 115 110% Chi Un Sta 674363 98% 92 Chi& W Ind cp 4s°62 108 102 Chi& W Ind 5%s ‘52 68 51% Childs Co deb bs'43.... 95% 79 Chile Copper db 6s "47.. 113 110 €inUn Trm 682020.....1 50 CCC&StL4%sE'7 60 CCC&StLbsD'63 80 Clev Un Term ¢%s 86 Clev Un Term b3 B'73. X 92% Clev Un Term 5%s"T2A lOI'A 38 Colon Oil éa " 6 ColG&Ebs'S: % 68 ColG & E 5s’'61. 44% 29 Cuba RR 1stbs’ 54% 37 Cuba North 6148’4 107% 106% Cumberland T&T b: 94% 74% Del & Hud rf 4s ‘43 39% 23 Den& R Geonds’'s 12 6% Den & R G W 6s'56 11 5% Den & Rio Gr 5865 21 11% Den& RG W rf 68’78, 111% 108's Det If.dllon ref 58 '52 110 N T A E A A FESEEEEFELFERT LERL 14+ +++2 —e e e FEFELS 5814 51 Third Ave 1strf 48’60, . 26% 1¥% Third Aveadj in 58'60.. 20% 11314 107% Union Pacific 1st 4s '47. 112 103% 99's Union Pacific 4s ‘68 3 108% 104% Union Pac 1st rf 4s 98's 87 United Drug 5s'63. 95% 90% U S Rubber bs'47 88 66 Utah L& T bs'44 (Continued From Page 2.) 7~ 1035 = Stock and Bales— High. Low. Dividend Rate, 161 Texas Corp (1).. 223 284 Texas Gulf Sul (2). &6 3% Tex Pac Coal &£ Oil. 150 814 Tex Pac Land Trust 14 TexasaPacRR... 13% Thatcher M (af0e).x 35 50 Thatcher M pf (3.1 5% The Fair,.. 61%% The ®air pf 16 Third Nat Inv 1% Thompson Starre T4 Tide Wat Asso Ol Mlllh Wmo.ll 20% - % 35% +1W 113 — % 20% +1% 184 — 4 53 +1 $ % & Western Union 58 '51... 92% ‘Western Union b '60..., 90% ‘Western Union 6%s'36. 101% Wheeling Steel 4145’53, 98% 106 100% Wheeling St15%s '48 A. 103% 110% 108% Wilson & Co 1st 68 '41.. 108% 99% 89% Youngstown Stl 58 B'70 93% 98% 89% Youngstown Stl15s’73 A 931 Stoek and Univ Pie 1st pf 1708 1% Univ Pipe & Ra ¢ 19% 12 UnivPlp-lRAdpf 308 2% 1 UtlIPwr&Lt(A).. 63 1% 1 Vadsco Saies Corp.. 231 Vadsco Sales pf. 21% Vanadium corp. Van Raa) 106 Van Raajte 1st nr T 260- Vick Chem (12) . Va-Car CI 1“( e Va-Car Chem 6% pf Va-Car Chem 7% pf Va El & Pw pf Vulean Detin ( 1% Wabash pf (A) (k). 41 HEEEE FEFEPEEFE +1 Bales— Dividend Rate. Add 00. lélh la“ Close. Chge. tion in the Pederal Court yesterday, | Week Was estimated at 59,000 bales, | 96 Postal 5s. already hammered down :’;;’ compared with 117,000 last year and nearly Y4 of their par value, were still | 113,000 two years ago. 1074 931 Belgium §s * T further depressed, losing 1'; points The range follows: 119 101 Belglum 7 102 1 on balance at 2714, 19'4 70 KEriegen i 4% ' Trading in Government bonds T4 524 Krieref bn'67. E 6:/- Transue & Williame Mahit Gt 10, Hhe almence ot s T4% 52 Erlerefis T6... 1% Tri-Contl Corp 69 Tri-Contl C pf ( leading dealers who stay away from 36 Trico Prod (3%). their offices during the short Saturday tnidiag, 1500, ;w ;A:run-rr!- Coal session in the Summer months. Sl ‘s Truseon Steel Quoted values, however, were well sus- Cottonseed Oil. 86 51 95% ®7 Gen Cable 5%s'47 2% Twin City 2 T. tained and the majority of Treasury = Bieachable cottonseed ofl closed to- b B4 St - it Imaclonzy loans edged forward 1-32 to as much | day unchanged to 5 points lower with | A Tee G 6t Gen Thea 2 T As 5-32. Indirect obligations showed sajes of only seven contracts. The 1145 110% Canada 98's 92% Goodrich & 2% 1% Ulen & Co " : 109% 108 Goodrich 6% 69 53% Und-Bll-Fisher (2).x 19 little change. | steaciness of coiton offset tne lower | 151 1015 Ghile 65 '60. 3 106 103'; Goodyear Rubbe: i 127 Und-Ell-Fish pf (1) x 508 -Transfers aggregated $6,084,000, par ' trentc of lard ana easiness in wheat.| 1513 1015 Chile 6 Jan ‘61 107'% 105% Grand Trunk 6 2% Union Bag&Pap (2) value, compared with $4,516,000 last Blezchable spot nominal: July closed | 15' 10i, Chile 6s 1064 104's Grand Trunk 7s '40. Y 44 UnCarb&C 1.60 Saturday. The Associated Press aver- 10.29: Septemper, 10.28; October, 10'5 Chile 6s Sept ‘61 2 2 10¢ 96 GrtNor Rrf 4% < 14% Un Oil of Cal (1)... ages were unchanged to 0.5 of a 10.26; December, 10.11, and January, Chile 6563, | '85% 63 GreatNor4%sD 5 s 8215 Un Pacific (6)...... 118% 104% Weet b= b ot v1)- 1608 point higher, 1014 Chile Mtg BX 68 ‘61 96 75 Great Nor gn 5% s B '52. 79'% Un Pacific pf (4)... 27 g +1 24 1% West'n Dairy prA.. ’ Chilean Mun L 7s 60. 97 82 GreatNorgen7s'lf.... 20% Un Tank Car (1.20) 4 5% Western Maryland. 61 Copenhagen 58 ' & ! | s 97 United Alreraft,... 384 2 2 T% Western Md 2d pf.. 11 Copenhagen T . | 95% 87 Harlem R-PC 1st 4s'54. 4% United Afr L vte. 87 5 | 1k Western Pacific.... 1 Cunda’amarca '59. g 44 Hudson Coal 58 '62 20% United Bise (1.60). 56 | 9513 Czechoslovakia S 397 25% Hudson & Man adj 5557 113 United Bise pf (7). 30s 90% 80° Hudson & Man rf b8 57, 46 United Carbon 2.40.x 78 114 United Corp....... 414 zo-. United Corp pf u) =369 8% United Drug. . United Dyewoed. .. United Dyew pf (7) United Elec Coal. .. United Fruit (3)... United Gas Imp (1) 293 Unit Gas Imp pf(s). 8 Unit Paperb'd (k),, 2 United PceDW.., 22 Unit Piece D W pf. 250s U S & For'n Secur.. U S Freight (1) 8 Gypsum (1)...x Gypsum pf (7). 100s 110 4's Waldorf Sys(b20¢). Waigreen Co (1.20) 114 Walgreen pf (63%). 1% Walworth Co...... Ward Baking (A).. Ward Baking (B).. Ward Baking pf (2)X 9 Warner Bros Pic... 281 Warner Bros Pic pf 770s Warner-Quinlan... 8 Warren Bros. 20 Warren Fdy&P (1). 5 Webster Eisenlohr. lb FREEFIFFE wt Coast bs ‘T4 114 . 1151 11.66-57 C Ry in'T4ctls Brazil ll 11 Bremen Stat (Hldddttdtdsirialie 1AL 1441+ i srsadersy Wel 5008 Waesson O&S(150¢c) x 17 Wesson O & Spt 4. 7 ‘West Pa Elec (1) A x340s West Pa Elee pf (§) 490s 19% West Pa Elec pf (7) 860s West Pa Pw pf (6). 180s I+ | Ea PRI g Frrr & Western Pacific pf. 18 Western Union.... 486 Westingh'se A B 50« 185 Westingh'se Elec.. 812 Westh'se 15t pf 3% 208 Weston Elec Inst.. 11 Weston Elec A (2). 708 Westvaco Chi (40e) 10 Wheel & Lake Epf. 60s Wheeling Steel . 3 White Motor. . 63 White R’k M S 140, 39 White Sewing Meh. 1 Wileox Oll & Gas.. 12 Wiison & Coal2je 122 Wilson & Co pf (§). 63 Woolworth (2.40).. 200 Worthington Pump 4 Worth Pump pf A.. 2508 Worth PumppfB.. 3 Wright Aero....... 40s Wrigley W jr (13). 11 District Business Barometers +4+ o+ EEFS O FE T 96% 8215 Denmark 4%8°62.. 101 93 Denmark 5% ‘55 Five important business barometers picturing conditions in the Nation's | 105 98% Denmark 6s '42.... Capital showed substantial improvement in May, according to the monthly réports compiled yesterday by The Star. 104% 101% Finland 6% ’'56 . Check transactions reported by the Washington Clearing House Asso- | 190 1651 French 718 41 ciation totaled $77.957.951, a very substantial gain over the corresponding month a year ngn The number of telephones in service at the end of Mly 111% 107% Il Bell Tistrf bs’66 A, 863, 671y I1l Cent ref 4s *55. 63’4 424 11 Cent 4% s 6 . 106'« 108% Tnland Steel 4338 A 18, th Inter Rap Tran rf 5s ‘66 Inter Rap Tran 68°32... 48% 38 GerCon Ag6%s’'ss... :4 Inter Rap Tran cv Ts'32 #o far this year. re 7 3 47 Inter Gr Nor ad] 6s il > The number of originating phone calls per day also advanced with a 1168 LBCOr BEEAT i*' i ¥ slu 284 Inter Hydro ml 4“4 bound. reaching a total of 827.603, compared with 761,923 in the like period | 941 79 ltaly 7s 51 ‘ 61 46% Inter Mer Marine 6s last year. 89 76 ltalyCrd P W 78’47 B.. 2 Ti% 51 Inter Paper 63 A '47. The sales index figure for Washington department stores also pictured | 85 63! Italy P U Credit 7s 53.. | 74l 58 Inter Tel & Tel 4% the same improvement. At the end of the month it stood at 128.6, as against 65 50 Inter Tel & Tol 4358 '52. 118.8 at the end of May, 1934. Postal receipts likewise held up splendidly, 89'3 77! Japan5%:s’'65.........- ' 4| 69% 55! Inter Tel& Tel 58'56... the 8553531 income being far ahead of the corresponding month last year 100 90 Japan6is’s¢.. and better than the previous month this year. | E A - So it was with kilowatt hour output for the District In May. Kilowatt | g% 3% Karstadcts t3ctle oo - i N O e o hour sales totaled 43,421,751, in comparison with 38,766,922 a year ago. This k= H figure was also better than the previous month in 1935. Complete com- ' 8512 68% Milan $'62..... ‘::'4 l?:‘l: fi::;’;;:&l‘ll‘l‘r?:-.':l: “7);', parisons of all the barometers with other months and years are as follows: | 103% 1013 Kendall %848 ww... 103% CHECK TRANSAC’I‘IONS 171 139 rd Rwy: 1% 10 59 Laclede5%sD’'$ 6T WASHINGTON CLEARING HOUSE. 102 98% Norway ba 5 100% 10% 7 Lautaro Nitrat Sm& Rpf (3%) 1932, 1933 1934, 1935. | 108 99% Norway § 50% 304 Lehigh Vai cn : Bteal. s 14 Zenich B $92,855736 $72,567,289 $55737,207 $69,566,923 | 104% 1004 Norway 68 122% 116% Liggett & Mye 22 y S ' te Products. 80,807,544 61,012,353 49,091,924 60,956,281 97 88 Norway Hy El 106 1084 Loew's 6s°41... sl Dividend raies as given in e above tavie are m. annual casa 89,616,463 32,644,947 62,204,874 14,112,669 117 112% Lorillard (P) 68 '61. B 4% u:mu D'M on {8 IaU8ST QUATLETLY OF NALL-Fearly deciaTatioDs. 80654233 38.960.517 61297334 71447064 | 88% T4% Orient Dev 6%s 68, 130% 125% Lorillard (P) 78 '4 66l 46 United Stores pf. | qauit of trading less than 100 shares ! Aazual rate pius 80,493 495 40,453,198 61,662,074 71967951 | 90 77% Orient6s’53... 69% 58 Louisiana & Ark 5 64 51 Univ Leaf Tob (3 64 60% 6235 +3% (o U °“'"‘, m"' . ';flfl this year. b Paid 85449660 56,487,657 66,669,995 SRy —_— 112 107% Louisville G&E 58 A ‘ 150 1384 UnivLeaf T pf (8). 40s 1453 1454 145% — X | ompeninng o omibaniss JTevorted Teceivership or being 76646111 51328160 63,082,328 163 133 Paris Orl Ry 6%8s 107% 104% Louis & Nash uni 48 °40. W 107 12 7% Peru 6860 68830619 45405937 50433201 69,894,030 49971241 58351954 T ey FOkEIGl;( EXCHANGES. 17358330 57625740 67.484711 2% 20 Prosaihve'sE. une 15,0 —Poregn ez 60033153, 54720550 63,339,938 e Ghan il 76,167,741 57,282,201 70,339,943 $956,807,110 $618,409,707 $738,690,669 43 34% Rhinelbé Union TELEPHONE SERVICE IN DISTRICT 3y 26% Rhine Ruhr § 43% 37 Rhine West 6s 52 CHESAPEAKE & POTOMAC 1ELEPHONE CO. G 36x Rhine West E1 P 6253, Number of Telephones in Service. :g‘i 5;‘ ghlfl"wkfl f;’" 65 ww. 1932, 1933 1934, 1938, is Joit ROMA Thb 82 5 46. 180,217 178,738 179,882 120380 18814 109% RoyAl Duich (s 48 181,062 178,264 180,610 191439 | 91, 761, Sao Paulo State T8 '40.. 181,670 178,000 181,324 1925401 40 23 Saxon Pub Wks $%a 51 182,324 177,450 182519 193858 | 420 3314 Saxon 78 '45.. A = 3 Fr + 1 3 + 4 N L . &8 F Ind Alcobol (2) x 48 Leather....... Leather (A). S Leather prpf.. Pipe & F (50¢). P&F 1st pf 1.20 78% 69% Kan City South 3s - r 17% Yale & Towne (60¢c) L § 2% Yellow Truck. l 311 Yellow Truck pf... 18 YoungSp& W (t1) x fl 41 223 4314 §54 At e 2l - : B $ ¥ 10215 96% New Sou Wales 5s 57 —_— 1021 96% Sou W 1094 105% Lack Stl 1st 58 '50. 108% A4t bt - Smeit & R (a4). DMNRBNLLRERRRG acdacaacaacaacaa L B -8 FEE \ Most important prices changes in | the McGill weekly index (1926 equal- | ling 100) were as follows: | June 14. Juni 1 1938 1 991 93% McKesson &R 6% 604 50 ManRyN Yends N . . 75 68 Market St Ry Ta A 4 Commodity Price 106% 95% Met Edison 4148 ‘68 10312 102 Midvale 8t & O 55 Trends for Week 15 Mil El R&L 1st rf §s 61 | ALl commodities Mil El R&L gn rf 58 T1. 967 A“-'l'-'e'xffx'flm x M St P&S S M con 4 ‘33 BY H. N. McGILL. Live stock' - Mo Kan & Tex 1st 4= 90 7 5" Wra ieather 3 = Editor, McGill Commodity lervm Ine., 58, Mo Kan & j 6867 Auburndale. M Opires s OR] Mo Kan & Tex §s A '63.. AUBURNDALE, Mass., June 15 P Daily Priee Indes. Mo Pacifie gen —Commodity prices during the second NEW YORK. June 15 —The Associated tina, : Brazil Mo Pacific rf week in June ruled definitely down. Press wholesaie brice index of 30 basic : ol 24 Shanghai. 41 20 Mo Pacific 53 F 77 | s commodities todas declined to 70 Hontkong. 5. Mexico ity 273 ward, reaching the lowest level since Tne previous day it was 70.1% Tweek | Montreal” in> New ork 83%; 4 :: ;."::’f:fi last March. The downward trend, 71.02. a month ago 73.06 and a year York in Montreal. 1 Mo P-:m: 5518 however, was not general as during Z Mo Pacific 5%s A * the week five groups successfully ad- 182,306 176,034 182,968 195,229 105% Montana Power bs vanced while six declined. Three 180,825 174,023 182,723 87% 741 Talwan El 638’71 - B6% 95% Morris & Es 3% s 200 groups remain unchanged. A check- | 179,080 172,827 182,592 95 881 Toho Elec Pwr 7s'56. 96% 85% Morris & Es 4% ’56 | up reveals a general attitude of con- 177,850 172,675 183,318 85% 72 Tokio Elec Lt 6s'53.... 83 servatism pending the discounting of NEW YORK. change steady: others in cents. £ ¥ Lh+ 44+ e amaaRD™ SEE2ARS- Pt d FE FES 171,949 178506 178,843 179,288 113,113 175,605 177,063 178,761 184,956 186,432 187,770 189,017 Average Originating Calls Per Day. 1932. 707,462 730,512 712,937 744,918 743,318 721,666 629,702 600,644 655,600 712’67 1933 691,437 708,212 617,953 687,233 716,140 708,154 618,164 602,856 663,194 686,406 698,048 720,890 . *Beasonal decrease due to vacation period. SALES INDEX OF DEPARTMENT STORES DISTRICT OF COLUMBIA. 1934. 108,810 747,238 748,339 152,283 761,923 758,615 646,272 615,337 663,194 728,395 736,596 750,051 Average Monthly Sales 1923=100. 1923, 1931, 129 95+ 3.8 97 102.7 121 89.0 1244 105.7 122 1062 127 1932, 9.0+ 879 104.0 102.0 106.4 1026 1933. 65.7 68.5 765 932 913 926 1935. 818 872 109.2 125.1 1286 73% 63 Warsaw 7s758.. 43% 35% Westphalia EI P 6 90 80% Yokohama 6s'61....... DOMESTIC BONDS 1084% 108 Abram & Strs 5%s ‘43 75% 64'% Alleghany Co bs 864 5213 Alleghany Co ba 149 26 13 Alleghany Co 101% 100 Allis Chalm §s S‘I 694 49 Am & For Pw bs 203 110% 104% Am I G Chem 5338 '49 96 85% Am Internat5%4s 49. 112 102% Am Roll Mill ev 105% 1011 Am Sm & Ref 5547 104 102% Am Tel & Tel goid 45’36 109 106% Am Tel & Tel 4%s'39 110% 107% Am Tel & Tel cl tr & 113% 111% Am Tel & Tel db 55 " 113% 111 Am Tel & Tel 58 '65 113% 111% Am Tel & Tel 5 991 80 Am Wat Wkas 58’44 26 19% Am Writ Pap 6547 10415 102 Armour & Co 4% 106% 108 Armc ir of Del 5% 106% 101 AT &S Foadj4s'95... 106% 101% A T&SF adj 4s '96 stpd. . 111% 106% A T & 8 Fe gen ¢s ') 110 1041 AT &S Fedten'ds. ... 103% 93 Atlantic CL 1st ¢s '53.. " 69% 50'% Nassau Bilcn gtd 4s '51. 106 102% Nat Dairy Prod 5% s '43 104% 108 105% Nat Steel 5s'56. 106% 103% 94 NewlJerP& L 4% 78% 56% NewOrPS6s'62 A. 56% NewOr P S 63 '556 B. 20 NewOr T &M 5%s 54 92 N Y Cent3 43% N Y Cent ref 4145 2013. 43 NYCentrf 442013 46'% N Y Centrf 5s2013. 98% N Y Cent conv 65 "44 47 NYChi&StL 4%s'18.. 109% 105% N'Y Edison 5s B '44. 114% 1124 N Y Edison rf 6%s ‘41 sm 624 Niax Sh Ma's % ‘6 109% 105 Norf & W div 4s'¢4. 117 110% Norf & W 1stcn s 99 81% Notrh Am Co.bs 9714 113 North Am EA6sC'63... 96% 100% 78% North Am Edis 53 '63. 100% 76'% 70% North Pacific 35 2047... 754 107 101% North Pacifie ¢s'97..... 106% 89% 74% North Pacifie 43482047, 86% 102% 881% North Pacifie 65 2047... 100 107% 103 North St P 1st 58 A "¢1. 106% the Supreme Court N. R. A. decision. Speculative activity in particular was of a limited character. . Industrial prices which have moved gradually downward since the first of the year, held stable during the past week. The volume of business activity, however, dropped to a new low, now placed 23 per cent under normal as compared with 21 per cent for the corresponding period last year. Farm Prices Slump. Agricultural prices declined sharply, reflecting an improvement in growing conditions and a prospective total tonnage of grains and foodstuffs as well as feeds that is materially above last year's subnormal volume and 8lso & supply more in alignment with average. During the week advances were noted in only two items—beans and peanuts, while nine items de- clined, namely, wheat, corn, oats, rye, cotton, eggs, potatoes, flaxseed and butter. Live stock prices also moved down- ward at & sharp pace during the week. The decline was primarily due to hogs, sheep and lambs. Cattle prices not only resisted bearish pressure but ad- | vance moderately. Additional New York mar ots compiled | by _the Associated Press m—nm-m closed Ilflfl Il changed to 3 higher; September. : December. 105758 sales. 400.000 CRUDE RUBBER —Futures c! 5a7 higher: Jul October. " 13.03 Soved 2768, 5 SAVANNAH NAVAL STORES. SAVANNAH, June 15 (P —Turpentine firm. 443045: uln ma ormlnu Mn: NO BONDS NO PREFERRED STOCK One of the lowest priced listed stocks paying agd earning its dividend by a wide margin, | Esisie pioe l'i lon AF'“GIH-I Real Estate Mortgage and Guaranty Corporation 1610 K 8t N.W. District of Columbia and nearby Montgomery County, Md. Monthly Payments w as $ 750 re - *1,000 No Commissions + No Renewals ” ::;:4» :: ::f; -B,Zf, 9214 71% Atlantic CL 4% '64. 815+ 104+ 948 923 108% 107% Atlantic Ref deb 58 ‘37.. o5 122.7 150+ 1183 1111 106 95% Baldwin Loe b The building material pri¢e index advanced due entirely to a price revi- sion upward in lumber. Seasonal price strength in this group normally 5Fis seesesy I44+4+ +1444+414++1 COLUMBIA 105% 101 Ore Wash RR&N 4s 105% 1 o W Report on Request ' = 116.7 123 190.4 216+ 104.4 103.6 1716 POSTAL RECEIPTS Reported by 1931 -fl Fiscal Years. 1933-33, 1033-34. 104 9% B&O1stds 44+ - 3 lg; 106 Pacific Gas & Hi §s 91% 59 Para-Fa-Las 9815 5915 Paramount-Pub§ 93% 658% Param-Pub 6%s 105 100% Penn R R ¢3s 31 105 99% PernRR4%sE'S. takes place during the late Spring period. Non-ferrous metals represent one of the five groups to advance as the price decline in quicksilver was more than counteracted by the upward move- ment in silver and tin. bert(Jones oreham Bida. Met. “Complete Investment Service” BUILDING ASSOCIATION 716 11th St. N.W. ..‘an.lc.ll-l IM. IIII ! 108% 104% Penn R R gen 4343 M ORTGAGE L OANS A WORRYLESS 103% 104% + % 107% 107% + % 2% +4% $5,103.164 KILOWATT HOUR OUTPUT FOR DISTRICT POTOMAC ELECTRIC POWER CO. 1932, 30,813,011 29,408,419 28,823,274 28,832,734 1934, 41,106,210 43,421,751 110% 106% Bkiyn Edison bs A 107% 104% Man Trés A" 01 104% 101% Canadian Pac §s ‘54 26 13 Cent of Ga con bs "4 94 713 Cent i1l Bl & Ga 102% 97% Cent Pae 1st rf 84U Pacific T84 3% Goriain.cacd db b34m 48, 1‘w?%m«, cn-u'z‘cmu'gf. 94% 82% Purity Bak §s "¢ 100% 96% Reading Jersey C4s’61. 98% 108% 105 Reading 438 A '97..... 106% 99 Rem-Rnd 533 A 47 ww 103 70 il%ltLlI&lmtl'll 70 1 844 T6% TAU T6% +2% | ] 107 106 1084 + % LOANS AT 59, B T, M Tylet nd Rutherford, Inc. 15%0 “K” 8. N.W. Natl. 0478 Forty Years of Expni.mn First Mortgage Investments PROPEBTY INVESTMENT Money placed in our FIRST MORTGAGES does not have to be trequenfly reinvested, but remains at fized interest for a term of yeats. Principal is amply secured By improved real estate. s May be purchased in amounts from $250 up. ro e e era B. F. SAUL CQ. National 2100925 15th St. N. W MANAGEMENT