Evening Star Newspaper, June 20, 1935, Page 17

: FINANCIAL. CURB GAINS BACK SOME OF LOSSES Small Advances Appear, but Heavy Spots Still Re- main at End. By tHe Assoctated Press. NEW YORK, June 20.—The Curb stock list stiffened in the late dealings today after displaying a heavy tone in the forepart of the session. ‘While some issues canceled their de- clines and emerged with small gains, there were a number of heavy spots still in evidence at the close. Pan-American Airways got up nearly 3 points to 38% and Lake Shore Mines advanced more than 1 to 51%. BONDS ON THE CURB MARKET. * DOMESTIC Alabama Alabama P Alabama Alabama Alabam Al le 5y BONDS. High Low. Close. 86V 6% 8473 Ddss 5! 105 10438 Cert Me 415 E 100% 10014 Cent O L&P nle\ 95" 913 1061, 10615 1101 11014 100 " 100 Sidans Py 51 nnymn P& L ws 4 80 80 26% 0% ) 803 96% 5 "1 105 i 12 10815 108% 110 * 110 5 95 10344 10754 475 86" 85% 8% 97 7 1031 103% 103% 103% 1033 10312 907 09% 993 1083 1063 106% 1021410215 102% 80 50% 50% 90" 91 95% 66 108 108 Libby McN & mnu Island Lt Bs 4 P& L 5s s 65 A obora ad 65,43 Maritoba Pw 5 3 F 6; wW. Miss Riy F1 S Mo Pb Sv o5 A 52 R34 100% 10013 mna 106% 108% 105 9314 13 oED oo 3w - 3 3505550812323 R I N Tt R o F > 03 SRREL 9 21 92% 106% 108% 100% 7 107 107 2 W R R 2SSO RBO! SSSRZH23 = FERAR EE FE ory et E R s 23 5535555, 233528 2BIS22IL2R oo Soo ouzmed:a-:z«l:ia::acaaua:g R E A S e b RS D PESSFEIES 2 25 = ooy FERE X e S0y SRR [ 200 50000: [y 22233 S =t EImrE bR ) o S " o o SR ESERRRE X g S - 28 & I Sop S X o R EFEEFORR 23, b L Suuuamaoi§ 250! R SR D% T B SERSTSEE, EEEEEEI R EoossSe! 'fl'flg aNE T, z;ggg i) s & foeerteh OOy $823333533322 5388 2 4 ) 2 e Sopn’ o, ?EEE [ Rty 33" 2330 E 23 ov3zy o o EF PRENEEEEE R o oo L5 THE EVENING STAR, NEW YORK CURB MARKET By private wire direct to The Star. Stock and Sales— Dividend Rate Add 00. Bigh. lfl' MI Aero Supply (B). 1 Ala Pwr pf (7).,. 10s Allled Mills Ine.. 12 Alum'n Co of Am. 300s Alum'n pf (1%)..100s Aluminum Ltd... 1 Am CitiesP&L(B) 4 Am Cynam 40c B. 24 Am Founders 1st pf (D)... Am Gas& E 1.40. BOI Am Laundry(40c) 200s AmLt & Tr1.20.. 16 Am Light & Trac pf (1%) 1 Am Mfg Co.. Am Maracaibo... Am Meter Co.....125s Am Superpower. . Angostura (t20¢) Appalachan Eleo Pwrpf (7)... 80- Armstr Cork(50c) Ark NatGas A. Art Metal WloOe) Asso Gas & Elec.. Auas Corp.... Atlas Corp war Atlas C pf (3)A... Auto Vot Mch 50¢ Ax-Fisher 3.20 A., 108 Babeock & Wil 40¢200s Bellanca Alrcraft 13 Blue Ridge p? (3). 1 Blumenthal § 1 Bower Roll B Bridgeport Mlch. Brit-Am Oil coupon (80¢). Brown Forman. .. Buckeye P L (3). Buff N&EP pf 1.60 Bulova conv pf. . Bunker Hill&Sul. 160. Cables&Wire (A). Can Indus Alco A. | Cartb Syndicate. .. Carrier Corp. Catalin Corp. - Cent States Elec. Childs Co pt Citles Service Cities Service pf. Citles Sve pf BB, Claude Neon Lts.. Clev Elec [1lu (2). Clevelfind Tractor Colon Oflevvvvsaat Columbia Gas & Elec cv pf (5) Com'with Ed (4). Com’'wlth&So war Como Mines Cons Alrcra Cons Copper....a Cons Gas of Balto (3.60) ... Cont G&E prpf 7. 300! Cooper Besspf A, 1 Cord Corp........ 18 Corroon & Reyn... 2 Corroon& Rpf A. 1 Crane & Co.......700s “Creole Petroleum. 33 Crocker Wheeler. Croft Brewing. .. Cusi-Mexicana M. Darby Petr (50c). Distillers C-Seagr 13 Distilled Liquors. Doehier Die Cast. Dow Chemical (2) Duval Tex Sulph Eastn G&F Ass 3 East'n States Pw. 1 | Bastn States Power (B)... 50s Easy Wash Mch B 4 Kdison Bros (1).. Kisler Elec Cor Elec Bond&Share. 89 Elec Bd&Sh pf (6) 10 Elec P Asso (32¢) 1 Lilec Sharehold'g. 1 Elec Share pf ww.1259 Equity Corp L} European Elec Ltd (A)(60c) European Elec Ltd db rights Ex-Cell-O A&Tool Fatrchild Aviat'a. Fanny F C (50¢).. Fiatrcts (a81%c¢) Fidelio Brewery.. Fisk Rubber..... Fisk Rub pf (6).. Flintkote (A) (1). Ford Mot (Can) (A(1%)... Ford M Ltd al7. e Garlock Pack (1). Gen Gas & Elec conv pf (B).. Gen Invest Corp.. 1 Gen Tire & Rub.. 25s Georgia Pw pf (6) 40 | Glen AldenC (t1) 14 2 508 , | Globe Under (50c) 1 | Goldtield Consol. . 3 Gold Seal Elec. 2 , | Grand Rapids s | Varnish (50¢) 1 Great Atl & Pac Great Northern Paper (1)....2008 Greynound (Del). 54 GuifOllofPa.... 6 Harvard Brewing - 11 Hazeltine Corp(1) Hecla Mining., Heyden Chem (1 Hollinger G( 1552) Holly Sugar..... 100 Hudson Bay M&S. Humble Oil (1).,, Huyler's of Del Hygrade Syl (2).. 50s 11l Pw&Lt 36 p£.® 50s Imp Oil Ltd coupon (t60¢) 30 Indiana P L (30c) & Indian Territory Illum Oil (A) Insurance Co of North Am (2) Intl Hydro Elec System cv pf.175s Int’l Mining a30c) 3 Intl Petm (t13%). 82 intl Products.... 2 Irving A Challc. 15 Kirby Pet (a10e). 11 Koppers Gas & Coke pf (6).. Kreuger(G)Brew. Lake Shore M(12) 258 1% 2% 18% 53% 86 29 2% 21 22% 28% AmG&E pf (6).. 125-107 107 15% 11% 17% 1 11% 3 16% 1101 8 10% 4 Eastn G&F A of 6. 258 45% % Tea n-v (16) 508128 21% 481 65% 107 15% 16% 10% 11 1% 6% 17% 11% 16% 101 9% 8% 46% 6% 16% 11% 16% 101 9% 3% 454 128 128 20% 21F 47 48% 65 66% 3 3 T% 10% 50 14% 69% 145 | 60% % 33 25 20% 5% T4 Stock and Bales— Dividend Rate. Add 00. High. Low Close. Lehigh C&EN(60c) 4 6% 6% 6% Lerner Stores (2). 1 B556% b556% 65% Libby McNeill&L. 6% 6% Lone Star G albe. 5% Long lsiand Light pf(6)B.. 60% Louisiana L&Ex. T% Lucky Tiger t20c. 3% Lynch Corp (3).. McCord Rad (B). 5% McWil Dredge(t2 100s 82% Mapes Consol (3). 1 25% Margay O (a25c). 1 Maryld Casualty . Mavis Bot (A) (d) Merritt Chap & Scott pt (A). Mich Sug pf...... Middle Wst Ut (d) Monawk H 2d pt.. 50s 26% Molybdenum. 2 1 Mont Ward (7) A 208"180% 130% 130% Mount Prod (60¢c) Murpny Co (1.60) Nat Bella H . tBd & Share 1 1 35% 35% 35% at Dairy pt A(7)100s 108% 1081 108% Nat Fuel Gas (1), 2 17% 1T% 1T% Natinvestwar... 1 & & & Nat Rubber Mach. 6 7 6% 6% Nat Servico...... 2 bl kel W at Sugar NJ (2) 1 274 274 274 Neisner Bros pf 7. 258 100 100 100 New Brad Ol 20e. 1 2% 2% NJZinc (2)......700s 64y 63% N Y Transit (Kllc) 1 3% 3% Niag Hudson Pwr 54 6% 6 Niagara Hudson PwrAwar... 10 Niles-Bem-Pond. 6 Nipissing al2ige) 9 Noma kiec Corp.. 1 Nor Am L&P pf.. 300s Northn N ¥ Uul PE(T)..cunnn Northern States Power (A). Ohio Edis pf (6). Outhoard Mot (A) Pac Gas & Elec 1stpf (1%).. Pan-Am Air (1).. Pantapec OMl..... Parke Davis ( Pennroad Corp. .. Peun W & P (3).. Pepperell Mfg (6) 20 Phoenix Secur.... Phoenix Secur pf. Ploneer Gold Mines Lad (80e) . 258 60% 21' 308 25- z e PN P - TS Pitney Bo P (20¢) Pitts & L E (234).100s Pitts Plate GI(12) 1 Potrero Sugar 8 Premier Gold (12¢ 17 Prod Royalty 2%0 1 Prudenual lov... 1 Fuget Sound P& L 35 pf.. 1758 Puget Sound P& L6 L., Pure Ol pf...... Richfleld Oil(Cal) prior (d) Richmond Rad. .. Royal Typewriter Ruberoid Co (1)..2258 Safety Cr H&L(3) 2bs T. St Anthony Gold. 3 St Reg:s kaper... 2 Salt Creek P ( e al Scovill Mfg (1).. Seiberling Rubber 1 Selectea indus. 3 Select Ind pri3%)100s 59% Selected indus allotcfs (3% ) 50s 60 Sherwin-Wil (3). 2100 SmIth (AQ)..uee. 2 62 “Sonotone Corp... 4 1% South Am Goid & Plat (4ve). 15 Southn Calif Edis pLA(1%) Soutnn Calit £dis EdpfC(1%) Southland R t20c. Spanish&Gen rcts. Square Deal (B). Stand Oil Ky (t1) Stand Oil Nebr. Stand Oil Ohio. Stand Pw&Lt. Stand Stiver & L. Starrett Corp. Stein (A) & Co (1) Stutz Motor. Sunray Ol Sullivan l.llchln. 100s Sunshine M (1.20) 27 Swift & Co (150c) 17 Swift Iou (2).... 6 Swiss-Am Elec pf 100s Swiss Oil (40¢c)... Tampa Elec (2.24) Tecnnicolor ine. . Teck Hughes(40c) Texas Gulf Prod. Texon O&LA(60c) Tob Prod Ex(10e) 1 Trans Air Tr sta. Trans-Lux Daylite Plc Sn (z0c). Tri-Contl C war.. ‘Lubize Chatillion. Tubize Chatill A.. Union Gas (Can) (al0c). Unit Chem pt pf.. unit Founders. .. 258 4208 2 1 1 1258 2 59 Unit Gas Corp pt. Unit G&E pf (7).. Unit Li&Pw (A). 4 Unit Lt& Pwpf.. 4 Unit Shoe M 1234 .250s Unit Sh M pf(1%) 110s U S Elec Pw ww.. 2 US Foll (6ue) B., US & Internat’l Sec 1st pt ww Unit Verde Ex 400 Utah Apex. . Utah Pwr& Lt pf ($1.16%¢) 258 Utilittles P& L... ‘6 1 Utilities P & L pf.100 510 Utility Equities.. 1 2 Utility Eq pf(3%) 50s 61 Utility & Indus... 4 % Venezuela Petrol. 25 1% Walker (H)pf(1). 1 17% Wil-low Cafe pf.. 255 24 Wilson Jones(1%) 1 26 Woodley Pet(20c) 6 5 Wright Har 740c. 8 8% Yukon Gold. 6 i LaDividend rates in doilars based on. th quarterly or semi-annual paymen Ahntal Fate—pius extra. TAcLumIAted dividends, ~aPaid this vear. bPaid last year. dCompanies repo recelver: ship or being reo: mdlvldlnfl 708 2 4 3 2 saLa gflc 8s'478 oL 68 Soun CAJI Ed Sou Calif Ed 5s ‘5! - So Co G Cal 4%as %58 £0u Ing By 4s 51 Py S5 S5t i 4 Swite °Go" b8 44 Tenn El Pow bs Texas Tlect bs Tex P&L bs 01 102 BB TR IDD S DN ! RSB S S B S BABRAS WSF 42! % sg 40 41029 102 4 2‘&102'/’ 102% DB‘/. 95 l:fi& l”ék 1062 flHVl i & 102& mzh i f.Ezpestneess FRESF FF g szovgesees w 8383 SRR & F SoRSRESE3R wF OSSR S #.s Telephones Regain Eighteen Per Cent Of Loss Since 1929 Special Dispatch to The Star, NEW YORK,, June 20.—Through successive monthly gains in service connections the telephone business ap- pears to be setting the stage for a fairly impressive earnings expansion over the longer term, remarks the Standard Statistics Co. of New York in a current survey of the industry. ‘The April net gain for the Bell sys- tem, 49,000 new telephones installed, was the largest for any single month since the beginning of the upturn in 1933. During the four months ended April 30, 1935, a net increase of 101- 000 instruments was recorded. compares with 157,000 Mummu gained during the corresponding por- tion of 1934 and a total gain of 298,- 000 instruments for the full year 1934, Up to the present, therefore, the Bell system has regained about 18 per cent of the stations lost during the de- the similar 1934 quarter, LONDON BANK REPORT. lwm EGG PRICES RULE STEADY T0 FIRM Hold at Unchanged Levels| : With Live Poultry on Capital Market. Eggs were steady to firm at un- changed levels on the Washington produce market today. Live poultry was about steady. The summary with egg and live poultry prices furnished by the De- partment of Agricutlure follows: BUTTER—One-pound printe (92 score), 3 one-pound prints (90 score). one-pound priuts (89 score), MIATB—BQH 12%. lamb. " 16 ol 24; strip bacon, 30adl 16%a17; compound, 12%a18%. LIVE STOCK—Hogs, light, 9.50a9.75 medium, - 0808075, hesvy.. 8.003.00 ughs. 5.0 pigs. 8.00a9.50; calves, Qambs. £ 0087 EGGS—Market sieady to firm at un- changed prices. Currant receipts. 2! 2214 hennery whites. 824 ment’ graded and cluding g medium LIVE POULTRY. ket abouf Prices uncLanged. 'o\\l—colored five potnds and over, 19: under five pounds, 17; leghorns. 16: roosters. 10a12, Spring chickens—Leghorns, 16: Plymouth Rocks. \mfler 31 pounds. 26826, ~Tur 14al, g E e teady: FOREIGN MARKETS. By the Associated Press. LONDON.—Trading was generally quiet on the stock exchange today. Giit-edged securities. oils. rubbers lnd ‘home indus- trials were easier while home rails moved irregularly. ~ Overseas rails were sup- ported _aithough other _ trans-Atlantic shares were weaker. the latter being af- fected by the new American taxation pro- posals. ~The market closed easler, PARIS —With rentes gaining fraction- ally, trading on the Bourse remained calm today. International issues sadvanced slightly. while French industrials held firm with citron shares advancing several points. and the market closed irregular. BERLIN.—Only a_small business was | transacted on the Boerse today, prices being weak throughout. MONTREAL SILVER. MONTREAL. June 20 osed firm lower to 15 #).—8ilver fu- higher. Close. 0 WASHINGTON,- Metal shares declined fractionally | D. C., THURSDAY, CHICAGO STOCK MARKET . —Pollowin 1s t.h. combplete cflfm im crmunmu in ‘"sn Abbot Lab 80 Adams Mig. ’no Allied Erod 0 Am Pub Sve Df. 00 Armony & e 10 Tel Ut A 100 Autom Prod 100 lcuhofl Brew L% zun Bio Faw ] BN A 300 Brace (£ L. 00 suler Bros n n PP R ) N ) R & Ehr e SR ER S R FARRR RREE PrER 1919 eanst 0w BRoa® NSRS carenne Pty 150 Rye: 10 8t L Nl( Elk Yds 3 130 Waukeshs Mot 300 Wieboldt Stores 200 Wil Ofl O Mat y 100 Wise Bankshrs .. 14 150 Zenith Rad Stock sales today, 24.000 shares. PARIS BANK CHANGES. PARIS, June 20 (#.—The weekly state- ment of the Bank of France shows the following changes in francs: Gold in- creased 28.000.000. sight balances abrosd decreased 70.000.000_ bills discounted home decreased 566.000.000. bill bougl nbroad unchanged advances decrei 000,000, circulation decreased 752.000.- 000 current sccounts decreased 13000, 000 30-day loans on government coilateral 73.10b | Aecreased 131000000, a sporting o W‘E picked 750 motorists “out of 2 hat”—and made them this propo- sition: “Buy That Good Gulf Gasoline Rate of discount. 5 per cent for 3 weeks—try it in your cars—and give us your answers.” S around performance. # “0. K.” they said, “We'll do it.” They compared Gulf, mile by mile, with their regular brand—for (1) mileage (2) starting (3) pick-up (4) power (5) all- friend! JUNE 20, 1935. AUTO FINANCING REGISTERS GAINS Sharp Drop in Reposses- sions in Recent Months Also Cheers Industry. By the Associated Press. DETROIT, June 20.—A greater volume of automobile financing and a sharp decline in the number of re- possessions offer another basis for the enthusiasm of motor car manufac- turers over the showing their indus- try has made during the last several months in the recovery movement. Pigures announced recently by the Census Bureau covering four months of this year showed that the value of financing of motor cars had reached $516,979,914, against a tctal of $326,~ 693,326 in the like period of last year. The number of cars involved in- creased from 682,215 in 1934 to 937,- 616 this year. There have been re- , of course, but the propor- tion is far below that of earlier periods during the economic dislocation. There has been some comment in trade circles that the encouraging showing of the industry has been at the expense of profits. The margin of profit, of course, has not been as large during the recovery period. Producers have explained that both materials and labor costs have increased, while thé price of cars has been held down, both for competitive reasons and be- cause the industry has felt the need of expanding the distribution of motor vehicles if a really lasting recovery was to be put under way. The producers reason that the au- tomobile is its own greatest promotion factor. They already have keyed fac- tory activity to consumer demand, re- versing the practice of the predepres- sion era, when retail outlets were ex- pected to keep up with factory allot- ments. Recent surveys of the motor car market tell of a slight tapering off in retail distribution, but in most quarters this has been accepted as merely a temporary halt, with a re- FINANCIAL *xx A—17_ Holders Reject Goodyear Plan for / Kelly Springfield By the Associated Press. BALTIMORE, June 20.—A plan offered by the Goodyear Tire Co. to reorganize the Kelly-Springfeld Tire | Co. under the terms of the Federal bankruptcy sct was turned down to- day by attorneys for the bondholders of the latter concern. s COMMODITY PRICES YORK. June 20.—The Assoclated Tesy wholesale price index of 20 basic com- mofities today declined o 69.66, new ‘The previous day it was 60.72. a week | ago. 69.88; a month ago, 72.97, and & year g0, 63.46. Range of recent years: [ o%rne ‘iot6 average equals 100). Miscellaneous Markets, Additional New York mlrkeu as com- piled by the Associated AR—Fut cloqed steady, ptember 3.3 B . March, - January. O] ot aiet; b. mn No.'7. o%a | Rio futures | December, sales. M: RAW HLD 10 Hlgher "16.00b: Decsmiber, 10-50b: " March. Bales, 2,720,000 PoekbbE RUBB!R-I'utures closed steady 10815 lower; sales, No contracts. 12,61 March, em! 10.59b. Futures closed peady. 1 Towsr to U5 higher sains. 00 pales uly, 133 December. 1.90%: Januaty. 1.304 Oper-market aqugtations (60-day Basts Shanghai 78 per cent seri- plzne. 20 Canton double extra Japanese special crack extra_ 81 per cent seriplane, 13-155, Pbid e Nomfal U. 5. TREASURY POSITION. By the Assoclated Press. The position of the Treasury on June 18 Jas: Recelpts, $40.853,055: expenditures. $50.575,382 alance. $1,864.196,640 Soxtoms' receipta’ Tor ihe mohtn S1% 60, 819 the 69,241 douk 1.38, for fiscal year _(since 61 194; 534 d the u !av - 1;"‘"" under the previous da $6.080.705.750. ° oy Receipts for June l" 1034 (comparable | date last year). 831,801, $44,618,014; Sustoms reciints fo the month. | o Receipts for the fiscal year. 915.576: expenditures. = 36,8 (including 83,824 95,685 "of newed wave of buying looked for m‘ xpendi the coming weeks. Out of 750 drivers, 7 out of 10 found Gulf better on one or more of the 5 points—and many on all five. WINNER! Why does Gulf top others? Because it is 5 good gasolines in one! Controlled refin- ing builds—not 2 or 3—but five ideal qualities into That Good Gulf gas! Try Gulf in your car—beginning today. We're betting that you'll make a lifelong INVESTMENT TRUSTS 47 NEW 'YORK, June 20 (#.—New Yorky ' Secuilty Dealers’ Assoclation: 1§ (Closing quotations.) Admin Fund ww m Bankstocks Pund | Cumuistive Tr 8h- Corporate Trus Corp Tr AA mod Go-poraie Trust Accum Corp Tr Accum Ser mod- | Depos Bk 8h N Y | Depos Ins Shrs A- Diversified Tr C. Dividend 3hrs - Fund Investors Inc Fund Tr Shis A Incorp Investors Iuv Te N ¥ Call stors Pund of Am inc_ Marviera Pind nc | Mass Toyest Tr__ Mutua, Invest - Nation Wide Se |NY Bk Quarterly Inc Shrs - Selected Am 8h Selected Am 8h Tnc__ | Seiecied Gamur b 1Stand Am Tr Shrs 18iand OF Tne Suver of Am Tr A_- | Euver of Am Tr AA | Super Super Super - | Buper | Supervised Shrs | Trust Puna | Trusteed In Trusteed N | Trusteed Am Bk B SHORT-TERM SECURITIES. (Reported by Chas D. Barney & Co.) 1Al: | Amer A Ic. Ch. G | &8 Den. & Edison EI LI | Gen. Pub. Se G ffer TO EVERY What's the best way of stopping your car—to stop wasting gas? You'll find the answer to this ques- tion in this free Gulf booklet, plus 14 other helpful hints on gasoline economy. It’s packed with valu- able driving secrets that can save you many dollars a year. Drive in and 'get your free copy today at the Sign of the Orange Disc: FREE—AT ALL GULF DEALERS!