Evening Star Newspaper, June 17, 1935, Page 15

FIN CURB LIST TAKES UNEVEN COURSE Metals, Oils and Industrials Decline, but Utilities Record Gains. B the Associated Press, NEW YORK. June 17.—Curb mar- | ket stocks displaved conflicting trends | teday, with most of the utilities enjo: ing a fairly broad and active market. | while declines were the rule among | mining shares, oils and industrials. Trading was moderately aciive. Closing prices of the leaders in- tluded: American Gas 287s. up 3;: Creole Petroleum, 1874, off 1; Electric Bond & Share, 735, up 3: Great Atlantic & Pacific, 127, off 1. International Petroleum, 362, off 3a; Lake Shore Mines, 5174; off 3, RONDS ON THE CURB MARKET. DOMESTIC BONDS. High Alabama Pw 4las B3 87.. Alabama Pow 3% : 46 31 v B33 'BR.,. s A2 Sluminym Lt Am Ei Pow 65 Amer G&E_5s “n“x | Cables&Wire (B). s i Ve lH’4l Hi 10635 1063, 103, LI R b 4 R 108 | 1091 108 jo9 | 10002 1001, 1001, L300 * 100 % 100 | Armstr Cork (50e) 2 | Butler Bros. ANCIAL NEW YORK CURB MARKET By private wire direct to The Star. Stock and Saiee— Dividend Rate, Add 00. High. Low Close 25l|10 110 Adams Millis 1stpf (7). Afnsworth (a1%3). Ala Pwr pf (1) Allled Mills Ine. 13 Alum'n Co of Am. 100s Alum'n pf (1%).. 1508 Am CitiesP&L(B) 4 AmCynam 40¢ B. 38 AmGas & E140. 43 AmG & Epf (§) Am Lt & Tr 1.20 Am Superpowe, Appalachan El Pwrpf (7). Ark Nat Gas. 1 80s 98 1 Art Metal W(40¢) Asso E | (pZ1%e). Asso Gas & Elee Ass0 G & B (A)... Asso Tel Util (r). AtlCoas! Fisher. Atlas Corp. . Atlas Cpf (3)A... Auto Vot Mch 50¢ Ax-Fisher 3.20 A, 1 2 2 1 1 1 7 T 1 1 5 60s 5 Rabcock & Wil 40¢225x Baumann (T,) pf.. 40s Bellanca Aireraft 31 Rlue Ridge Corp 9 Blue Ridge pf (3). 3 Rohack (HC).... 258 Bower Roll B (1), 2 Brazil Trac L&P. 3 Brown Co pt.. 258 Brown Forman. 1 Buffalo Niag & Eastpt 1st pf 5. 1002 9 Rulovaconvpf... 1 Bunker Hill&Sul. 25s 4 —_—— Cable El Prod vte. Can Marcon). .. Carib Syndicate Carrler Corp Catalin Corp. .. Celanese pf (7).. Celanese 18t pf(7) 258 Cent Hudson G & Betfs (80c).. (‘om States Elec. . ugal P 40c. Chi RiveM ). Childs Co pt. 1 R 1 4 22 100 2 3 | Cities Servie | Cities Service pt.. Cities Sve pf BB, Claude Neon L Clev Elec I1lu (2). Cleveland Tractor . 108 3 1 2 | Columbia Gas & 0y |nw Ch Dis l‘ll',‘ 0 l rm Pneu 'r Blas R A a 1055 100 10548 1053, 10538 J100 106 100 o L1043, 1043, 104% 1 214 Crucible atm Cub Tel Cugany Cum C P&L Dallas PL 35 C - Denver GAE. s 47 Det C Gas bs A a8 1o 108 108 o5 100 B3y * 100 RO 1 Elec cv pf (5) 4508 Com'with Ed (4). Com'with&So war Balto (3.60). Consol M&S (314) 10, * | Cons Retail Stores | Cooper Bess pf A. Corroon & Reyn. . | Corroon & Rpf A. Cord Corp. 100% 141, 22 158 3 16 4 29 Creole Ptvrolrllm. | Crocker Wheeler. Croft Rrewing Crwn Crk Int A 3 a0 Doehier Dia Cant. 1 Dow Chemical 2) Duke Power (3).. Duval Tex Sulph. 54 Eagle Pitcher Lid =tn G&F A pr 6 Easy Wash Mch B ec Bond&Share. ec BA&Sh pf () Elec BA&Sh pf (6) Elec Share pf ww., Emp G&F 1% pf. . Emp GEF 8% pf. . Equity Corp European Elee Ltd (A)(60e) 508 50n | Ex-Cell-0 A&Too} H 5 Gillette § Rz 35 Glen Alden C 45 Grand Ir W 4% Grand Trunk Alos Guardn 1 35 48 A, r-u}; st 104 104 RR RRY a0 383, mt'.ma' pat nnis um.nu. Falrchild Aviat'n. Falstaff Brewery. Fanny F C (30e). ., Fiat rets (a813,0) | Kisk Rubber. .. Fisk Rub pf (§). Flintkote (A) (1) | Fla Pw&Lt pt. . Ford Mot (Can) (RACI%). .. | Ford Mot (Can) 3813 61 108 * 108 10615 10615 Inter P S 5: D Interat PS 4125 Inves Co 55 A Iowa-N LP 5 A Jowa-Nb LP s B '8i. Jowa Pb Sve 5¢ s WS 3las RS E bt 333232 i 20k 3337332323325823333323233 3822222 SR ARR IR A D3 JR8R% 000, 08 3 503 My L 85 Eag s 5 .,. DRODD 'fl""ll"":‘fl'fl'fl'fl'fl'fl" 3388 E-l £ a0 Ll % oo 4 ) e REE T ». H 5 Sp-13200D ot OREEAES e 3 Mok i) Se828 A T2z, gkt - FESAFEFLEIE 32335222338230.3 TS al omy by & F#r F 2 a 2! 1},‘; ) P E oy & F &8 ' » 3SR R32338301.22533 w! . & e =) 233355282330383 i-vw DR 0Z %z, st s ~23322333 32333323 R 223333 B » ‘w-m Gas L 5 'AR -L’nu bi %k R1tg) Ford M Ltd al7.7e Foundation (For) Froediert Gr & M conv pf (1.20)200s S Gen Fireproof Gen Invest Corp. | Gen Invest pr. . Gen Ravon Lid A. Gen Tire & Rub. . Glen Alden C (1) Globs Under (30c) Goachaux Sug(A) Gold Seal 104’7 m," m-l,, Reiter-Foster., mn L1041, 102 28 176a lfll\q 106 10 707 I 1% 508 1021 10214 10214 131 41y 63 b 10 1% Fia 177 171, 174 10122 101 9y 258 6215 403 25 253, ‘48 Sherids Wyo 6y ‘47 5 A 2025 Sm r‘al:l Ed 5s Sou L&P 3¢ Southw'N & 4y 8W P&L As SW Pub Sve fis A S'-Xu QMfe 8 43 & E fs Sian G&E oy G - Stand G & E As °| k fs 37 w U Ol“b' : ‘&5 Wise PAL fn : Tlon A 4i. Euron Mt~ 7s C A Ger Con Mun 8s Ger Con Myn Isarco Hvd E, Ital Su Pow do: 2, A s Onit Tndus Btan "4 i warrants New. ired —— 110 10% 108 b R ¢ 2B 18 | 224 Bl R 1% * 4 100 100 134 bl 131 *| Mercantite Stul), Blg LI 9% | Hazeltine Corp(1) | Irving A Chalve. | Jonas &Nau...... 17| McCord Rad (B). * | New Brad Oil 20e. Tok . wslNG and Bales— — lllfl(’l High Low Olose | 2 24 2 a1 a 134 13% 184 | Great Atl & Pac Tean-v (16) 508127 126% 127 Great Atl & Pac Tea 15t pf (T) 208 12614 1263 12615 1 4814 484 68 654 3 prpf (a21 9-10e) © ;'1 1% 1 144 583, 154 82 33 6% % Hecla Mining Helena Rubenst'n Hollinger G(165¢) Holly Sugar.....:250s Hudson Bay M&S. 15 Humble O1l (1)... 13 Hygrade 8yl (2).. 50s 11l Pw&Lt 6% of. 1008 1mp Chem Indus 910¢c) 1 2 1 1% 1 1 1 LY 25% LI 71 o Imp O Ltd enupon (1ale) Imp Tob Can t33e Indiana P L (30¢) insurance Co of North Am (2) intl Hydro Elee Syatem cv nf 100s Int'l Mining a3fe) 1 intl Mining war.. 13 Int'l Petm (11%). 6 Intl It (B).uuus 1 Tron Fireman Mfg vte (1).. 808 El 4 1 3 3 1 LY 65 h W 9% Ital Superpwr(A) 1 Kingsbury Br (d), Kirby Pet (alfe). Kleinert Co. 7 Kreuger(G)Brew. 19 121 Lake Shore M(12) Bl | Lehizn C&N(30¢) 3 7 | Lerner Stores (2) 2 53t | Lerner Strs pf 6% 50s 1051 Lone Star G alse. 4 Long island Light prLAT). Lonisiana L‘l'l. Lyneh Corp (2 4 51% 63 B ln-»L.mfi'. ETS 1Y 50s 17 2 1 | McWil Dredge(12 1008 | Marvia Casuaity. | Mexd John (13).. 3] T 35 | 513 ik 2 Mich Gas & Oil. Michigan Suga Mich Sug pt.. Middle States Petrol vie A, States rol vie B. . Middle Wt Ut (d) Midland St Prod. Mohawk Hudson 1stpf (4).... Mohawk H 2d pf. Molybdenum Mount Prod (60c) Murphy Co (1.60) 2 ‘ 1 58 1758 3 1 1 Bo0s 2 2 1508 Nat Container (2) Nat Fuel Gas (1), Nat P& L pf (6). Nat Rubber Mach 2 Nat Transit (80c) 1 Neisner Bros pf 7. 258 4 200s 4 . 1508 Niag Hudson Pwr 21 Niagara Hudson Pwr A war .. | Nlag Shrs(Md)B. | Niles-Bem-Pond. | NJZine2).. | Newmont M a3 T 501, 55t 621, 201, ™ 8, | By 2 68 193, 2T% 23% 274 Rt 4l 15 4y k] 1515 | 4“ 17 £ 26 44 16% 91, 25 5 083 | ,' h SIS ADAAAD NS DS IBDI Sk AR 25 ) ® o 3R233832282 R53BRRBITT 5 * 223233 kd TRY, 943, 94y, 2 80 5 10815 m?-Z 108% 1083, €170 A —-Without by en_jssued. maturity. PHILADELPHIA PRODUCE. m N s i et fancy. 19: ordi ilers, lwu Island l.lm = Le; llers. uun °ém'nn. mn Hn 3 nl'lqn 8 score, . 17 'mouth Rocks. 0821 : ite . 16a18: old th 20224 bRe auruu { | Niter hn “ld”, 2.*30 & seore, ;..umaa,aemnzzh. . —Live fancy, 22; lorns. fll’l nnu %y | ickens. | ed. 1514 | Northwest Eng... Novadel Ag (2)... 6 Ohin Rrass Bajfe bits 26 Ohjo V1l cu pf (6) 103 103 | Ohio Power pf (6) 108105 105 | Pac Gas & Elee ! Istof (13%).. 2 Pae Light'z pf(6) 100s | Pantapee O ‘ | Parke Davi iy | Parker Pen Farker Hust F(3) 3008 | Pennroad Corp... 31 | Penn Salt (13).,. 253 | Penn W & P (3). 1 | Phoenix Secur. ... | Phoenix Seeur pf. Pie Bakeries pase. Pines Winterfront Pioneer Gold Mines Ltd (80e).... Pitney Bo P (20¢) Pitts Plate Gl(12) | Potrero Sugar. ... | Premier Gold (17¢ | Prod Rovalty 2%e 1 | Prop'ties Real vie #0n Prudenuval inv... 3 Puget Sound P& L35 ptf.. 135 | Puget Sound | P& LS6pL.. | PureOtl pf. ... 2675 267 6 1 2 8 1 3 10 2 1 291, 258 1408 143 614 Quaker Oats (14). 108132 | “ 24 5am Reybarn Co 25 53% | St Regis Paper. .. Salt Creek P (80¢) Seovill MIg (1) eeman Rros 1213 Seral Lock & H. | Selby Shoe (2) Selected Indus ! aliot cfs (34) 50a Select Ind pr(3%)100s Sentry Safety Con 1 | Seton Leather. 1558 | tuck Den Mip 4 2% 2% Shoian: Wil (3). 61005 100 Sinzer Mfg (16).. 108262 262 | Smith (A 0)., 166 66 South Am Gold & Plat (40¢). South Penn O 1.20 Southn Calif Edis EdpfC(1%) 2 23% 23% | Spiez-M-S pf (612008 1033 101% Square Deal A 2.20 505 334 | Stand 0i1 Ky (11) 20% Stand Oil Ohio 17% Stand Stiver & # | Stutz Motor. 14 Sun Investing. . 4 Sunray il 1% Sunshine M (1.20) 22% | Swift & Co (150e) 15% Swift inu (1)... 848y Swiss-Am Elec pf b4 Swiss Oil (40¢).. . 3% 30 ) 21% 3% 3% 5% 2 29 4% 1% 21% 50 l'n Zl ‘A 50 1% 211 50 bed 32% 61 w0 L 6 28 | 1004 262 66 hd b 324 32% 61 61 60 60 % 1 10 3 4 26% 2% 2% 3 26% | 23 103% 33% 21 Tampa Klec (2.24) Tastyeast inc (A) Tecnnicolor Inc. . Teck Hughesi40e) Texas Gulf Prod. Texon O&Ld (60c) | Tob Prod Ex(10e) | Todd Shipyard (2) { 1ubize Chatillion. | Tubize Chatill A | Tung-Sol Lamp ——— Unit Chemieal.. Unit Gaa Corp.. Unit Gas C war... Unit Gas Corp of . Unit Li&Pw (A). Unit Lt& Pwpf.. 2 Unit Shoe M 121 .200s Unit Sh M pf(ily) 108 U S Eleec Pw ww. . US & internat’) of ww 1 6 42 13 1 1 e) B.. Unit Stores vte... Unit Verde Ex 408 Utah Pwr & Lt Df (11.16%¢) Utic G&Elee pt(7) Uulities P& L... Utility Ba pf(3%) b50s Utility & Indus. .. ————— Venezueia Petrol. —— Ths “Wace Aireraft.... Walker (H)pf(1). W Va Coal & Coke Wil-low Cafeteria Wil-low Cafe pt.. Woodley Pet(20e) Woolworth(F W) Ltd (ad6 1-5¢), Wright Har 140e. Dividend init quari 3 hours down just as STAR, WASHINGTON, D. €., MONDAY, The one thing which, above all JUNE 17, 1835. FINANCIAL, (1T ‘ A—-18 road stocks last week, but it would BUSHESSWORRED 555552~ CHAGES SUBAT _TREAIRY PLAKS_ == BY PRICE OUTLOOK Retail Gains Encouraging, but Wholesale Trade Dwindles Sharply. By the Associatec Press. NEW YORK, June 17.—As the Blue Eagle disappeared dver the horizon today industrialists and merchants | g:’“‘ turned thoughts to trends sat with fingers crossed, That business has gone along fairly | | evenly since the Supreme Court de- three weeks ago | " especially in | ‘;l Y Trust cision on N. R. A. has encouraged many, the light of earlier fears that with the sudden withdrawal of codes lhp United gears would fail to mesh. Nevertheless. Wall Street observers | | stress the fact that the period Just ahead is obscure. They feel that good behavior of big and little business the last three weeks affords no sure-fire | guarantee of its own continuance. Retail Sales Jump. As some see the problem, any rock- ing of the boat will be heralded by an attack on prices. For this reason particular attention has been given to the state of both retail and whole- sale business. Pronounced gains in retail trade throughout the country reported by the Department of Commerce in its ‘weokly survey of 33 cities have given much encouragement. On the other hand. wholesale activi- ties have been appreciably curtailed owing to an attack of nerves over the price outlook. Purchasing agents have resorted to two courses. Some have dickered with manufacturers and wholesalers for dis- | counts or rebates in the event of re- ductions, while others have stood | around awaiting possible price cuts, Price Cutting Feared. Unwillingness of wholesalers fo yield on price has produced a stalemate, | most pronounced in such articles as shoes and textiles. While few are willing to stake their reputations on the outlook. the con- sensiis seems to be that the majority of producers will keep wages up and long as they can others, they fear will shake the structure is a possible epidemic of price cutting. Should this break out. many feel they would be obliged ®o resort to reduction of wage and hour standards for self-protection. NEW YORK BANK STOCKS > L{mctu‘om as of 2 a'c}!ofi’k.i Bk of Mag (1 ) 2 nkers Tr &6 Ban i '. i i a @) c u Nal (1540) Bk & 'l‘ RN | ot :; 3 ahead—and | Empire Tr | Pith Ave ‘.'N'\ . Plul !onnn Goru (9) Pirst Natl ¢ aranty Troc12) . rving Tr (.60) - ublie (115) Title G & T St Tr *Including extras FEDERAL LAND NEW YORK. June 17 Land Bank bonds (Quotations as of 2 o Jan, 1058.36 U. s TEEASUEY HOTES \Reportes by Chas. D Barney & Co.) Rate— Maturity Bid ofter. 333333 .-;,2_ $3 METAL MARKET. NEW YORK. June 17 (™ Coj guiet: slectralyile "spet and tuture Eagle. 9.00: export. 1 .A5a7 steadv; spot a 5025 Tron au Pennsvivania. 19 50 Lead 1450 Zine dull; East 8t Atuminum pper Blue bama Louis. spot and fature. 1900222 00, Quicksilver, Woitramite. 14 A0ai 00 sP.—New York | Declines or Gains in April From Year Ago Shown by Federal Report. By the Associated Press. United States exports to foreign | countries in April, 1935, were shown | by Department of Commerce figures ' | today to have decreased or gained but | slightly, as compared with April, 1934, | Total exports to the different geo- graphical divisions during the periods | compared were listed as follows: ApHl loaa Aprit Europe ..., $80.080.000 | Northern N America. A8K.000 451 2008 000 ates by $39.071.000 471.000 $45.249,000 19.000 INEXPORT TOTALS HIT SILVER SHARES Morgenthau Declares Buy-| ing Must Be Conducted in Orderly Manner. BY GEORGE T. HUGHES, Bpecial Dispatch to The Star. NEW YORK, June 17.—Whether or not Italy is lining her war chest witn silver, the failure of the silver bloc in Congress to force the hand of the | Secretary of the Treasury and bring bout another world scramble for the | white metal has taken the bloom off | 1935 | the silver stocks for the time being. Secretary Morgenthau has let it be known that the Treasury is buying silver in an orderly manner, as offered, and that it has no desire to take the responsibility for such rapid and dis- Tupting price advances as were re- cently seen. That makes it look as if the silver- ites will have to draw almost their entire comfort from the fact that they have succeeded in getting the lmo,'rreuury to pay domestic producers 2/044.000 ingdom .. 28 840.000 20.550.000 April imports from major countries: 17 ‘:6) mm $22.9 000 | political, faith in it. 1,031,000 2.472.000 Total export figures had been made public previously, and today's figures constituted a breakdown by geograph- ical division, CRUDE 0IL PBICES TULSA, Okla. June oil prices: Midcontinent area: Oklahoms- Kansas. graviiy scale 1o 1.05. North and North Central Texas. graviiy seale to 1 Guit | coust, Base erude to a1’ Creek "Wyo sravily se Fasiern area (Bradford-Alieshens) n Southwest Frnnu]\nml lines. 1 P'lmuh.mn 8 grade | about 5 cents an ounce above the world price. Monetary Move Talked, Rumors persist. nevertheless, that the administration may make some monetary move calculated to direct attention away from fallure of the N. R. A. The reason given is purely and Wall Street puts little The thought is that, with business | apparently gathering momentum on the road to recovery, or at least evi- dencing much more confidence in the future, the public may get the notion that business-baiting bureaucracies have been a mistaken policy and a burden upon the country. A little gold juggling at this stage it is reasoned, might give a fillip to speculative price advances and prove to be a spur to business. The result would be less unanimity in crediting the upturn to N. R. A.'s demise, Wall Street Bullish. Wall Street. enters the new week rather bullish, but with some mental reservations which developments may aettle one v or the other. In th like to know whether this section of | the market will be able to maintain its end of the upswing. Of next importance, perhaps, is the question whether stocks will be |able to get through the resistance likely to be encountered at the “double | top” of the entire recovery movement, | which is just ahead—only a point away In the general averages. Next to these two tests of the market's technical position—ita sound- ress of wind and limb after the hroad advance it has already had—interest centers in the probable fate of the | Wheeler-Rayburn bill, with its death sentence for public utility holding companies. (Coprright. 1935. by the North Ameriean Newspaper Alliance. Ine.) INVESTMENT TRUSTS NEW YORK. June 17 (m\.—New York Security Deaiers' Assoclation. " 10" (Noon quotationa.) Admin Fund we Am Bankitocks Am, Busipess Shra Bullock Pung S| Eorporate ‘Tadst Corporate Trust ‘AA | Corp Tr AA mod Corporate Trust Accum Ser Jorp Tr Artum 8" mod Depos Bk Sh A Depos Ins annr' b Biviasnd surs : Pive Year Fixed Trl!| Fixed Trust 8h A Fixed Trusc 8h 8 Pund Investors Ine Pund Tr Shrs A Pund Tr Shrs B | Incorn Investors inv Tr N ¥ Coll “A Investors Pund ot Am ine Marviand Fund Tne Mass Invest Tr Mutual Znvest Nation R/ ¥ B Azked 78 Nor Am Tr Sheres Nor Am Tr 8h 1955 Nor Am Tr Sh 1958 Nor Am Tr Sh 1958 Plymouth Fund A. .. Quarterly Inc Shra Selected Am Selected Am Ah Ine Selected Cumul 8h Selected Income Sh Spencer Trask Fund Stand Am Tr Shrs Stsnd Util Inc Suurl of Am T Super of Am Super of Am Super of Am Super Super Supery Trust Fund Shrs Trusteed Industry Shrs. . Trusteed N Y Bk Shrs Trustsed Am Bk "B ... STEEL QUOTATIONS NEW YORK per 100 parnd anneale June 17 0. _Bteel fo.h. Pitishursh hot rolled. 2.00 Wlack sheets. hot prices, Blus WASHINGTON MOTORISTS ... your demand for a motor fuel combining high-test action, high knockless power and long mileage has boosted our sales fates in erly semi-an: a Tate plus eRtTA this e .y::’r 2 dCompan N‘Dflfl‘fi‘-‘ ONLY ONE QUALITY - to a new high peak Why are more and more motorists using Blue Sunoco? .There is only one answer;—They like its lightning acceleration, its snappy power, its economical long mileage, and they appreciate its uniform “top” performance....at regular gas price NO TH .NO SECOND GRADE IRD GRADE