Evening Star Newspaper, June 19, 1935, Page 17

FINAN GURB LIST GOES TOLOWERLEVELS Selling in Mining Shares Late Decline—0Qnly Utilities Resist. By the Associated Press. NEW YORK, June 19.—With the exception of utilities, curb market stocks gave ground rapidly under a flurry of selling among mining shares in the closing hour today. Closing prices showed numerous leaders minor fractions to more than & point net lower, with only an oc- casional plus sign among industrials. Trading was extremely active in the final hour. BONDS ON THE CURB MARKET. DOMESTIC BONDS. High. Low. Close. 86Y2 861, REly Alabama mn*« 100% 981 081 3 Bw 4l 67, ‘Alabama LI 037 s 10578 105 110% 110% b 104% 1047 1047 10013 10034 100tz 93% 93 Cent Me 4’;: ' Cent O ey T, btas 7 15 Cin Str Ry Gs B Cities Service 5s Cities Service bs it Srv 'Gas 5108 Cit Srv Gs P Cit Srv Pw 5 Cit Srv. PL 5! Cleve E Ihu Gl Consm_Pow -l’as Cont G&E_5s A Crane Co_5s Crucible Steel 5s "40 Cudahy Pkg 5s '46. Cudahy Pkg 5 P&L -1;\,; 10714 107 1414’41:;4’ 003, 997 'm'/. . 1063 1063 1 10434 10434 104 1057 105% 105 1014 101 S0% 60t 714 332 | Elec P As A (32¢) 8 53 A Internat! Salt 5s Intern Sc Am 5s Intersta Pw 58 Intersta Pw_6s 1101% 101 105 105 97 07 102% 109% 102% 7104 104 104 110 110 110 - 95 85% o5l 1 107% 1074 10714 106 7106 1 85 98 934 nm, 1034 74 Jmm. 108 108 L 96% 06% 06y, 106% 106 5 106% 10 % 10 52 52 90, 90 95% 95 = 951 8104 ° 103% 104 3 100% 1063 1062 8 :nm;»- e wm>m> = W E3 'Q, > £ SERRE FSF q, S FES [Orhotey e o 23 ") Sk DB DD bt S DoRBSSS . SECNE R 0,3 Yoy [ flalr 33 232 ®OFSFRE I ORSNE RS SIS ST 5333500as ) 3 5| TR w350 B Pona oy EF 5SS pet! oy ’g) S SS55500mo5 u;i’.' RIR AR DB 233 223582233 SRR FORERRS B SR E RRRE Y a Sl s Bl S an, W - X [Pa) Sohxas 33523, 3502239833 =00 a'°°°§ ) Dt g op, 32352 3 e o> e e T, 58 Eo OOE" o TR 2 353833 8o L) fey Foa ) it 223525318 4, SRt ES 2, - O 595 3el=) L) 3377 g!!l 3 i Hus® aoQr oy Bang553 838 | Duval Tex Sulph. CIAL. By private wire direct to The Star Stock and Sales— Dividend Rate Add 00. Bish Low. Closs Acme W vtc p12% n Aero Supply (A). Aero Supply (B). Ala Powr pf (6) l% 64% 2% 10 Alum’s Co of Am. 5008 Alum'n pf (1%)..150s Am Cty P&L A(3) 1508 Am CitiesP&L(B) 46 Am Cynam 40c B. 38 Am & For Pw war 2 Am Founders 1st pf (B).... 508 Am Founders 1st pt (D).... 258 AmGas&E1.40.. 89 20% 28% 29 Am G & Epf (6).. 50s107 107 107 Am Laundry(40¢)150s 15% 15% 15% AmLt&Tr1.20.. 88 Am Maracaibo. 8 Am Potash & Ch.. 50- Am Superpower. Am Sup'pwr f... 13 Am Sup'pw 1stpf 8 Appalachan Eleo Pwr pf (1)...1008 Ark Na s Ark NatGascupf 1 Armstr Cork(50c) 21 Art Metal W(40c) § AssoG&B(A).. 3 Asso Gas&E $5pf. 2 Atl Coast Fisher. 2 Atlas Corp. Atlas Corp war. 3 AtlasCpf (3)A... 1 b Auto Vot Mch 500 18 Ax-Fisher 3.20 A. 20s Babcock & Wil 40¢200s Baumann (L) pf.. 60s Bellanca Aircraft 14 Benson & Hedges. 3 Bower Roll B (1), 17 Brazil Trac L&P.. 1 Bridgeport Mach. 16 Brown Forman... 4 Buff N&EP pf 1.60 8 Bulova conv pf, Bunker Hill&Sul. 615. Butler Bros...... Cables&Wire (B). Cable&W pf al4.9¢ Calamba Sugar Estate (11.60), Can Indus Alco A, Can Marconi. Carib Syndicate Carrier Corp. Catalin Corp. Cent Hudson G & Ectfs (8Cc).. Cent States Elec. . Cent States Elec conv pf......1008 Cent States Elec cv pf (new)..2008 Cent States Elec 6% pf xw. Cent States Eleo 7% of. # 6 3 2% 6% 1 22% 1% 15% 1% 16 6% % Cities Service nf.. Citles Service B.. Cities Service Pw & Lt $6 of City Auto Stp 60c. Claude Neon Lts. Clev Elec Illu (2). 325 Cleveland Tractor 15% 15 Columbia Gas & Elec cv pf (5)10008 62% 61 Columb O&G vtc. Com'wlith Ed (4) 12 79% Community P & Lt 1 10% . 24 2% 5 16% % ki 10% 2% 16 7 3 % 78 10% 2% 18% ™% 3% Compo Shoe Mach s.te.(50¢). Cons Afrcraft | Cons Copper. Cons Gas of Balto (3.60).. 5 79% 78% 79% Cont G&E prof 7.250s 64 63% 64 Cons M&Sm 2%c 108163 163 163 Cooper Bessemer. 1 4% 4% Cooper BessptA. 2 26 26 Cord Corp. . 19 3% 3 Corroon & Reyn.. 1 2% Crane & Co.......700s 14% Creole Petroleum. 44 18% Crocker Wheeler. 10 7 Crown Cent Petr. Crwn Crk Int A 11 Cueno Press(1.20) Cueno Press pf (612) ww. Cusi-Mexicana M. Darby Petr (50c). WS4 6% 6% Davenport Hos(1) " 0 Dictograph Prod. 1 3 3 3 Distil CLtda27.3c 1 23% 23% 23% Distillers C-Seagr 17 17% 17% 174 Doehler Die Cast. 10 17% 17 1T% Dow Chemical /2) 1101% 101% 101% Driver Harris (1). 1 15 15 15 Driver Har pf (7). 20s 97 96 97 5 9% 9% 9% Eastn G&F Asso. 2 3% 3% Eastn G&F A pf 6 2508 45% 45% 3. 8 50!104‘6 104% 104% 2 1% 1% x 1 East'n States Pw. 1 Easy Wash MchB 1 Edison Bros (1).. 2 Eisler Elec Corp.. 1 Elec Bond&Share. 230 Elec BA&Sh pf (5) 9 Elec Bd&Sh pf (6) 27 Elec P Asso (32¢) 6 3 Elec Sharehold'g. 4 Elec Share pf ww 4508 Emp G&F 6% pf. 258 Emp G&F 8% pf.. 508 Equity Corp. . . 6 European Elec Ltd (A) (60¢c) Ex-Cell-O A&Tool Fairchild Aviat'n. Falstaff Brewery. Fanny F C (50¢c).. Fedder Mfg (A)... Ferro Enamel 60c. Fiat rcts (a81%e) Fidelio Brewery.. Fisk Rubber. . Fisk Rub pf (6) Flintkote (A) (1). Ford Mot (Can) (A (1%)....3 Ford Mot (Can) By .. Ford M Ltd a17.7¢ Forem'st D pr pf. Forem’st Dairy pf Froedtert Gr & M conv pf (1.20)300s Garlock Pack 1%. 3 Gen Elec Ltd rcts (b30.2¢) Gen Pub Sve pf. Gen Tire & Rub. Gen T&R pf A (6) 1508 Georgia Pw pf (6)200s Gilbert (AC).... 1 Glen Alden C (11) 12 Goldfield Consol.. 9 4% 4% 1 6 4 3 1 : 3 1 5 2 3 60s 8 16 1 11 1 2 42 101% 101% 101 102% 102% 102% - IS 2 SRR & s DSz SRnes » EFF SRR e 44° Tenn Pow B8 BG‘. Ténn Bus Ser s 70 Tex City Gas bs WBBOS! s = FRRNE Py o 19aeS55 5, SRR g S ] E82agERR! SRS - \a b o S oo T & 58358 R ORESRRRERE B R F :s:‘s‘:ss:::n:ss"“ 25, - ot RS SIRIER R ORSE RRRSE R R SRR, b 58 & PR~ e S5 s 2SS ess 2Spooas BT BRSNS 8 ITVEES S 352pScac e 57. . © 5t A 185,108 10 THE EVENING STAR, WASHINGTON, D. T, WEDNESDAY, JUNE 19, 1935. umudl‘h Add W.I‘fi. Low. Close. Gorham vtcextal 4 14 14 14 Gray Tel PSablc. 50s 15 15 156 Great Atl & Pac Tea n-v (16) 190s 128% 127 128 Greyhound (Del). 22 50% 48% 49 Gulf Oflof Pa.... 2 67% 67% 674 Harvard Brewing 3 8 Hazeltine Corp(1) Hudson Bay M&S b 1ok 1% 15 Humble Ofl (1) H: Food 1l Pw&Lt 6% pf. 100s 26 111 Pw&Lt §6 pf. . 8508 26 Imp O1l Ltd coupon (150c) 9 21% Imp TobGtB &I 2 34 . 308 16% (a71.60)..... Interstate Po: 8 66% 6% 13 Del p Insurance Co o North Am (2) Intl Hydro Elec System cv pf.500s Int’l Mining a30c) intl Mining war.. 35 4% Int'l Petm (t1%). 156 864 Intl Utll (B)..... 6 Irving AChallc. 19 11% JerCnt P&Lpf 7. 10s 71% Jones & Laugh Stl 258 21% Kirby Pet (al0c). 2% Knott Corp....... Kreuger(G)Brew, Lake Shore M(t2) Lerner Stores (2). Libby McNeill&L., Lone Star G albe. Long Island Light Long [sland Light PLA(T)..... Long Island Light P (8) B.....200s 62 Louisiana L&Bx.. 17 7% Lynch Corp (3)..- 1 38 3 McCord Rad (B). 9 5% McWil Dredge(2'150s 33% Marconl Intl Mar (817 4-5¢).... 1 8% Maryl'd Casualty. 2 2 Mayflow 2).2008 50 50 Mead John (13)... 2 65% 65 Merritt Chap & Scottpf (A). 3 12% 12 Mich Gas&Oll... 1 2%_ 2% Michigan Sugar.. 1 1% 1k Mich Sugpf...... 7 7% 6% Middle Wst Ut (d) 8 % % Mid Roy cv pf(11)100s 8 8 Mohawk Hudson 1stpf (4)....1758 66 65% Mohawk H 24 pf 26% Molybdenum 104 1% 35% 1% H & 55 651 % W 2Th 9%y 64 484 so. 54% Nat Inv pf ($4).. 108 55 Nat P& L pf (6). 2608 67% Nat Rubber Mach. 1 74 Nat Service Sugar N Nat Transit (80c) N J Zine () Newmont Min (1) N Y & Hond (t1). N Y Shipbldg.... Niag Hudson Pwr 218 6% Niagara Hudson PwrAwar .. 30 & Niag Hud Power (B)war...... 1 % Niag ShrstMa)B. 9 5 Niles-Bem-Pond. 18 224% Nipissing #12%c¢) 4 2% Nor Am L&P pf.. 900s 14% Nor Am Util Se 2 1% Northern State Power (A).. 7 14 13% Northwest Eng... 3 11% 11% Novadel Ag (2).. 4 21% 21% Ohio Brass Ba50c 50s 27 27 OhfoOllcu pf (6) 4104 108% 104 Ohto Power pf () 80s 105 105 105 Ofl Stcks Ltd t40c 1 11% 11% 11% Pac Gas & Elec Ppr(137%)... 1 264 254 25% Pac Gas & Elec 1stof (1%)., 2 27% 27% 27% Pac Light'g pf(6) 3605101 100 100 Pan-Am Afr(1),, 1 36 36 36 Pantapec Ofl..... 63 2 2 2 Parke Davis (11). 6 43% 42% 434 Parker Rust P(3) 2008 59% 59% 59% Peninsular Tel...200s 7% Peanroad Corp... 30 2% Penn P&L pf (7). 1508100% 100‘/, Pepperell Mfg () 10l 67% 67% Phila Co (80c).... 7 7 Phoenix Secur.... Phoenix Secur pf. Pines Winterfront Ploneer Gold Mines Ltd (80¢).... Pitney Bo P (20c) Pitts& LE (2%). 90s Pitts Plate G1(12) 6 Potrero Sugar.... 55 Premier Gold (12¢ 4 Prop’ties Real vte 1508 Prudential Inv.., 7 Puget Sound P&LS$50t.. 4758 Puget Sound P&L $6pt.. 600s Pure Oil pf. 2180870 Pyrene Mfg . 8 8% Quaker Oats (f4). 108132 132 132 Quaker Oats pf 6. 1081451 145 145% Rwy & Lt Secur..200s 11% 11% 11% Reiter-Foste: 5 Rellaole Stores. , . Reynolds Inv..... Royal T)'puwrner Ryan Consol. St Regis Paper. .. St Regls Paper pf. Salt Ck Cons b10c Salt Creek P (80c) Schiff(The)Co(2). Selected Indus. Belected Indus allot cfs (334)150s 61% Select Ind pr(314)300s 60 Shattuck Den Min 3 23 Sherwin-Wil (3),, 2100% 100 100 South Am Gold & Plat (40c). 9 4 Southn Calif Edis PLA(1%).... 28 Southn Calif Edpf B (1%) Southn Calif Edis EdpfC(1%) Southn Union Gas Southland R t20c. Square Deal A 2.20 50s Square Deal (B). 2 Stand Inv cum pf. 1508 Stand Ofl Ky (1) 8 Stand Pw&Lt pf..100s Stand Stiver & L. Stetson (J B).. 6% 58% 66% 2% 1% 14% % 29 14% 68% 3% 3 14% 62 eeat 6114 8% 4 28 28 24% 24% 5 42 19 Sunshine M (1.20) Swift & Co (150¢) Swift ot 12).. Swiss-Am Elec pf. 60- 'rntyent InctA) 1 Technicolor inc.. 49 Teck Hughes(40c) Texas Gulf Prod.. Texon O&LA(60c) Tob Prod Ex(10¢) Tonopah Belmont. Trans Afr Tr si Trans-Lux Daylite Pio 8n (20c). Tung-Sol Lamp., .. Union Gas (Can) (al0c). Unit Chem pt pf.. Unit Lt&Pw (A). Unit Lt&Pw (B). Unit Lt & Pwpf.. 22 Unit Shoe M 123 .250s U S Foll (6ve) B.. 10 US & Internat’l Seclistpfww 1 USPlay C (t1).. 100s Unit Stores vte... 7 Unit Verde Ex 400 10 t pf ($1.16%c) 75s m Utilitles P& L.... 47 Utilities P& L pf. MNI lfl Utility & Indus... % Utility & Indus pt l 1% Venezuela Petrol. 17 1% Waco Atreraft... 8 4% Waitt & Bond (A) 1 9% Waiker (Hiram). 1 24% Williams(RC)(1) - 1 10% Wil-low Cafe pf.. 25s 2% Woodley Pet(20c) 5 Wright Har t40c. 9 Dividend rates tn dollars besed e , -., 104% " ship Government-Graded Extras, Large, Steady to Firm. Others Weaken. Egg quotations were irregular on the ashington produce market today. While U. 8. extras, large, were steady to firm, other grades displayed a weak tone at lower levels. Live poultry was mostly easy at un- c ces. The summary with egg and live poultry prlc- furnished by the Department of Agriculture nu (92 score), 90 re), 26; o ”““‘.{’:L "85 seore).” 28 s 17; jetenaz; veal jeaiz: smoked i) {fresh, ams, 2283 L mediums,, Rfl‘h U, 8 LIVE POU! at unchal chickens—Leg: 5a16: Plyme Gckens LOSROIS oo diuas over 3 ronnfi- VZaz6. y'fi‘rnn—neu, toms, Dividends Ordered By Woodward & Lothrop Directors Directors of Woodward & Lrthrop have declared the usual 25-cent extra | Danish dividend on the company’s common stock and also the regular quarterly dtvidend of 30 ceats a share un the same stock, Bota sre payadle on June 27. The directors also have declared the regular quarterly of $175 per share on the preferred stock, vayable on the same date as the disbursements on the common. Both issues are listad on the Wash- ington Stock Excnange. INVESTMENT TRUSTS NEW YORK, June 19 (®.—New York Security Dealers' Association: (Closing quotations.) Aétin Pund ww. Am Bankstocks Am Business Shi Bullock Pund . " . £15 DM i e 100 Corp Tr AA mod Corporate Trust Accum Scr Qor T Acculn Ser, mo Deros Bk 8b N Y Depos Ins Snrs A Diversified Tr 190t ) Pixed Trust . Fung Ivest: 18 1i Fund Tr Shrs A Pund i1 Shrs B. Incorp Investors Inv Tr N ¥ Coll A’ Investors Pund of Am Maryland Fund Inc Ma:s Inyest Tr. .. b DRI a e S IR 3 Oh 26 0 DA OB A RS e @ onis 5 R ey Plymouth Pund A. Quarterly Inc_8hrs Selected Am Bh_ o et 00 50 50 e D IO Tt 33 5 AN Dt .. OB WS I 1IN SRR R Ao A B R a2 Supervised, Shre Trust Shrs Trusteed Indus ry Shr Trusteed N Y Bk Bhr Trusteed Am Bk —_— INSURANCE STOCKS NEW on]x June }B“w New York lon. Security Dealers’ Associa 5},"' “:M‘ 8 Actna cas (24n). 2 9 e Wl s &ien r.m 41 1607 Glove Great Amer ( Halifax (.80) Hanover (1.60) Hartford Pire (2%21)... Pl c. 91012 ~3esroasiss 8t Paul Pire (8’ Springfield (4%) un Life ... ravelers (16) U 5 Fire (1.50a Westchester (1.2 Including extr: -Declared or pal NEW YORK BANK STOCKS NEW 19 (».—New York Seaity Dealers'”Atsociation: (Quotations as of 2 o'clock.) Bld Alked Bk of Man (1%) 22% Bankers Tr_( 81t kiyn Tr 89 o MBI aDis BERSRESS5 S U0 iR ns St WERRRRE i so for this year. Budiic um X Title G & Tatted sl mr (g% *Including extras. —_— FEDERAL LAND BANKS NEW YORK. June 10 (P.—Federal Land (Quotations as of 2 o'clock.) ary. 1056-36 Ror faniery o 101 101 012 02% Sooo! S2ERE! It o ifig?ifiii U. 8. TREASURY NOTES. (Reported by Chas. D. Barney & Co.) e Mat, 1, 3 gz: H 2! 1 1 Z H San IR NEW YORK BAR SILVER. NEW YORK, June 19 (#)—Bar :umuuum.xpmun Wilson & Co. and Cudahy Issues Would Total About $37,000,000. By the Associated Press, CHICAGO, June 19.—Two large packing companies, Wilson & Co. and the Cudahy Packing Co, have an- nounced plans for refinancing involv- ing the issuance of approximately $37,000,000 in bonds. Thomas E. Wilson, head of Wilson | & Co,, said the firm’s present funded debt of about $17,000,000 would be re- financed about August 1 through a mnew bond issue of $20,000,000. He said a special meeting of stockholders would probably be called for about July | 25 20 to authorize a bond issue of $30,- | Dec 000,000, of which $10,000,000 would |, * remain unissued at present. E. A. Cudahy, president of the By the Associated Press. CHICAGO, June 19.—Enlarged sell- ing pressure late today forced wheat prices off to about 2 cents lower than 24 hours previous. ‘Traders heretofore active as buyers of wheat took to the selling side on the way down. Cenerally favorable crop reports from the Spring wheat belt were received except as to por- tions of North Dakota and of Sas- katchewan. Wheat closed weak, 1%-1% under yesterday's finish, July 80-80%, corn %-1% down, July 81%-%, oats 1 to % off, and provisions showing 7 to 30 fig;. it 83 B Y BB KA 5% 1 Cudahy Packing Co., said stockholders | Jul. would be asked to authorize negotia- tions for refinancing two outstanding bond issues amounting to $17,000,000. Swift & Co. recently refunded $43,- 000,000 of understanding debt and Ar- mour & Co. is completing detalls of a program for refunding $42,214,000 in outstanding bonds with a new issue of $48,000,000 bearing & lower interest rate. ‘Wilson said the new bonds would be offered at an interest rate “not ex- ceeding 4 per cent.” The two issues to be retired bear interest of 5 and 6 per cent, respectively, —— CURB FOREIGN BONDS 69 Buen AP Ty 47 69 &;OF & e T 22885252 Z IRNEERLS 1. Its distinctive taste and delightful tang have made it America’s first choice for three generations. 2. Its quality has made it the biggest selling bottled beer in history and e largest brewery in the world. 3. Brewed by the same formula since uniform — everywhere. 4. Not artificially carbonated— BUDWEISER is twice fermented for built 1876 — always Beptember : Chicago Cash Cash wheat, No. 2 red, 83; No. 2 red (weevilly), 82'%. Corn, No.2 mixed, 84; No. 3 mixed, 82%; No. 2 yellow, 86a86Y,; No. 3 yellow, 84%a86; No. 2 white, 891,a90. Oats, No. 2 white, 43; No. 3 whne 40. No rye, no buck- wheat. Boybeans, No. 2 yellow, 90, nominal. Barley, No. 3, 50; feed, 45a 50; malting, 50a1.00. Tomothy seed, per hundredweight, 7.75a8.25. Clover seed, per hundredweight, 12.00a16.50. Liverpool Grain Prices. LIVERPOOL. June 19 (P).—Wheat fu- tures closed easy. Close. % 18 8% Low, ,;é% mber. 70 78y lzchlnle, 493y i ‘Balth BALTIM. R.I- ' Qllhll ll. Wheat. No. ) — 19 ud Wlmer nrlltky. spot, domestic, 8%%. June, 83, lose’ | $10.71 & gross ton, although prices | AT STEEL PLANTS Lull Sives Producers Added Incentive to Maintain Present Prices. By the Associated Press. NEW YORK, June 19.—Continuing to reflect a seasonal shrinkage in orders, steel industry operations have dropped 13; percentage points to 38 per cent of capacity, Iron Age re- ported in its weekly summary today. Declining operations, the summary pointed out, have given producers an added incentive to maintain present prices, since the low output entails higher costs. “However, pressure against the price structure has not been nearly so severe as was feared when the steel code was nullified, and the propensity —~ of buyers to postpone purchases is of diminishing importance as a market factor,” it said. “Pig iron buying is in larger volume, though still at close range. Structural steel awards of 25200 tons are the third largest of the year to date. “Prospects for large purchases of steel under the $4,000,000,000 works- relief program have been darkened by ‘Washington's announcement that most of the money to be spent will go to direct labor. “So far as can be learned, the steel industry has made no move to submit | Den & voluntary code to the new skeleton- ized N. R. A. The anti-trust amend- ment to the new N. R. A. act covers such an undefined area as to dis- DIVIDENDS ANNOUNCED YORK. June 10.—Dividends de- Extra. zll'ld Woodward & Tothiop. She o, "toore: Initial. Ohain St Invest Tr...20c .. Tncreased. Contl Ofl Co of Del...25¢.. Decreaserd. Austin Nich Co pr A. .50c Q Acenmulations. Hat Corp of America..SL.. Begula; as W 7% pf.$1 s Dry Ginger Chain 8t Tnvest TEo Comwith "Edison En.pire st (N Food Machiner Gannett Co 1 $6 Hat Corp Am looker wyers Tr (N Mirn Mining National Biscult. Do. B, Pay- able. 6-27 2 @RI i L) EE Y noo DORERODD: - DOOODOOOD: - BBBINOCOITOE-IIIIES. Textile Banking Co . Woodward & Lothrop.30¢ “Bime paid two prumun quarters. SHORT-TERM SECURITIES. (Reported by Chas. D. Barney & Co.) Big Offer, Allis-Chalmers Co. 5s 1037 1{:1;’. 101% Am 1 Atlantic' Refining 5s 1937, . Bethlehem Steel 68 1030 & Chi. Northwest. 6% Delaware Hudson | o & . Edison EL. Lllum. 45 1030 Fub, Bervice Slas 1636 Silk Hos, 65 193 courage broad trade agreements, and | B, the doubtful advantages gained from | such understandings could be easily | offset by renewed labor difficulties,| encouraged by administrative inter-| pretation of the industry’s obligations | I3 under section 7-A." The Iron Age composite price for | Rer steel scrap remains unchanged at have a heavier tone in most markets| and have undergone a further general decline at Cleveland. The composites for pig iron and finished steel also are unchanged at $17.84 a ton and 2.124; cents a pound, respectively. | Vanadium Corp. 55 | Wabash Rwy. Co. 58 1D30 er Bros. 6s 1939 N. Y. & Pa, b5 103 months ended April 30 was $1,493,360 vs. deficit $67,849. ‘ears ago, when thousands of bison roamed the West, nat- uralists frequently found these usually timid animals engag- edinsavagefightswith other beasts.They dis- covered that the herds were battling ever possession of saltlicks to which instinct led them for elements ab- solutely essential to He'd fight ANYTHING for what’s in Budweiser For nearly three quarters of a century, the world has acclaimed BUDWEISER as the very finest of beer — wholesome, smooth, sen< sible and sociable. Brewed from Nature’s choicest ingredients by flawless methods, BUDWEISER retains those natural elements absolutely essential to life and health. Among them are potassium, magnesium, sodium and calcium in the form of alkaline salts — and they’re in every bottle of BUDWEISER you drink. When people perspire freely they lose these salts. When the loss is too great, severe fatigue and even heat exhaustion may result. To replace these elements, nothing is more essential than a balanced diet. Top it off with wholesome BUDWEISER! America’s favorite is a most healthful hot weather drink for another reason. It contains enough warming alcohol to prevent harmful chilling 'of the stomach when a cold drink is desired. Drink BUDWEISER — the health drink — the natural drink — the all-year-’round drink. Reasons why BUDWEISER is the most famous beer in the world hops. natural carbonation and sparkle. 5. Brewed from the cream of the bar- ley crop and the choicest selection of domestic and imported Bohemi-n 6. One brewery that makes its own Malt — Anheuser-Busch never buys it from outside sources. 7. Pioneers in pasteurization of bottled beer — every bottle sterilized. ANHEUSER-BUSCH o ST. LOUIS Budweiser THE ALL YEAR ‘ROUND DRINK ANHEUSER-BUSCH INC., WASHINGTON, D. C., BRANCH, Dumbutors Delaware, Virginia Aves. and E St. 8.W. Telephone Metropolitan 08* ; Wherever gou ask for it—be sure you get the genuine