Evening Star Newspaper, June 29, 1935, Page 14

FINANCIAL PHONE NET RISES 10 §179.377 HERE May Total Represents Gain of $10,544 Over Level of Year Ago. RY EDWARD C. STONE. Net earnings of the Chesapeake & Potomac Telephone Co. in May totaled £179.377, in comparison with $168,833 in the same month last year, an in- erease of $10,544, according to the monthly statement just filed with the Public Utilities Commission. Operating revenues in May amount- ed to $859,263, against $844.329 in May. 1934. At the same time op- erating expenses were kept lower than last year, being $588,098, against $590,861, leaving net operating reve- nues of $271,168, as compared with $253.468. Taxes were slightly higher. so that net, operating income stood at $204,762, against $190,110. Total gross was larger than a vear ago, from which interest deductions of $25,087 were taken, against $21.388 a vear ago, Jeaving the above-mentioned balance before dividends. Washington was served by 195.229 telephones in May 31, a net increase of 1,364 telephones over the preceding month. At the end of May. 1934, there were 182,000 telephones in gervice. Capital Calls Tncrease. Telephone callz in Washington also increased in May, there having been 23,449,000 made during the month, as compared with 21,588,000 calls dur- ing May, 1934. In the first five months of this year calls numbered 107.- $10,000, against 101,867,000 in the eorresponding period last year. For the first five months of this gear operating revenues totaled $4.- 175,355, against $4.091.358: operating #xpenses called for $2.910,665. as com- pared with $2.850.873; aperating taxes ook $318.624, against §314.644. leaving ® net operating income of $946.063, in comparison with $925841 a year »so. Grass income amotnted to $94 sgainst $027.081. while interest de- ductions required $126:231. against $108,765 a year ago. This left a balance before dividends of $819,223. &= compared with $818.316 in the fi five months of 1934, putting net earn- ings ahead of last year by a very small margin. Washington Gas Net Lower. The monthly report of the Wash- saton Gas Light Co., filed with the Public Utilities Commission morning, shows net operating revenue for the month of May of $150.322. compared with $167.110 for May of last year, a decrease of $16,788. Operating revenue for May, 461, a vear ago, an $5 increase of $22.445. Operating expenses, including taxes and uncollectible bills, increased $39.- 233, this vear's figure being $385,139, egainst $345.906 in May, 1934. | Non-operating revenues for May this year, decreasing $16.554 {from last vear's total of $28.280 to $11.726, re- rulted in a gross corporate income of $162,048, as compared with $195.390. ® decrease of $33.342. Interest deductions of $72,090 for Mav, 1935, were $2,215 more than last vear's figure of $69,875, resulting in a net. income of $89,958. compared with £125.515 for May, 1934, a decrease of 3. | Net income for the first five months | of 1935 totaled $676.616 against $768.- 045 in the corresponding period last year, a drop of $91,429. While oper- ating revenues showed a gain of $72, 277. operating expenses, including taxes, advanced $127,013. i Georgetown Gas Net Higher. | ‘The monthly report of the George- | town Gaslight Co. also filed with the | Public Utilities Commission this morn- ing, shows a net income of $3.425 for the month of May, 1935, as compared with a loss of $4,540 for May of last year, an increase of §7.965. Operating revenues this May were £105,865, as against $101.353 for May, 1934, an increase of $4.512. Operat- ing expenses, including taxes and | uncollectible bills. decreased $3462, this year's figure being $98,010 against $101.472 for May, 1934 Non-operating revenue was $1 more this year than last vear, resulting in & gross corporate income of $7.856, compared with a loss of $119 for May. 1934, an increase of $7.975. Interest deductions increased $10, this year's figure being $4,431, against $4,421 for May, 1934. The Georgetown Gas Co. also filed returns for the first five months, show- ing a gain net income of $18.730. The company netted $24.366 against $6,136 in the same five months last year, about four times as satisfactory re- turns. Operating Tevenues were ot quite up to last year, but reductions in operating expenses much more than made up the difference. Terminal Dividend Voted. Directors have declared the regular semi-annual dividend of $1.50 per share on the total outstanding stock of the Terminal Refrigerating & Ware- housing Corp., as of the close of busi- ness June 28, payable July 1. The stock books of the company will be closed as at the close of business June 28, and reopened July 2. HUDSON RETAIL SALES WELL ABOVE YEAR AGO @pecial Dispateh to The Star. NEW YORK, June 29.—Sales of Hudsons and Terraplanes for June are showing a strong upward trend, the Hudson Motor Car Co. announced. Sales for the third week in June ere materially better than the sec- ond week and the second week was better than the first, states the com- pany. Sales for June to date almost equal those of May for the correspond- ing period. The first week in June actually ex- ceeded the first week in May, in spite of all traditions to the contrary, the ecompany reports, and retail sales of Hudsons and Terraplanes at the pres- ent time are ahead of last year by nearly 7.000 cal Sales have pushed production so closely that it is diffi- cult to deliver many models in less than three weeks' time. —_—— U. 8. TREASURY POSITION. l1 the Associated Press. sition of the Treasury on June 2 was e Boteipts Gor June. 27 310,608 Y t1 4.307.645: " net ' balance. SIS B O ,“ ms receipts for the 19 cus t ™ Receipts for ihe fcal year (since July 1), $3.785.! fi"fl 095: unendnures $7.258, 217! Qlfi (including 555.167.030 nne‘{ '!fl" expen t\l4_ ;"‘ exc:;;“nl res. 7R04; x"’" 5 s"‘l jecrease of $5.543.543 gold assets. $ i Eciots, !nr»Junt 285 Jf34 (comparable expenditures. 966,081: net b: 2 BR1.986.211: euluml receipts for the h, 519 192 this | =i compares with $513.016 for May M‘mmnu fl' the gscll year. sglo?mgls& - ure: - e ARa 10 0l amerasiicy expendi- ) diture: J Frp o o, & 8 TRANSACTIONS ON THE NEW YORK STOCK EXCHANGE Net. Prev. 1038 Higu. 88% 1% 6% 145% 2014 17 1271 Al 1% 228, 708, 5.1% lll 17% 127y 3 2111 149% u'lu. 134 30% 17% Gen Print Ink 1.60. 190s 100 2 21% 21 THE EVENING STAR, WASHINGTON, D.. C., Bales— Add 00. High, Low. Close.Chge. 8 Addressog’ph alie. 4% Advance Rumley ... 104% Air Reduction (13). 15% Alaska Jun (160e). 4 Alleg Corp (d)... .. 12215 Alited Chem pf (7). 14 Allled Stores Allis-Chalmers 4815 Amerada Corp (2) 41% Am Ag Cem Del(2). 131 Am Bank Note 110 Am Can (+4). 615 Am Crystal Sugar. . B7% Am Cryst 8 pf (a3). % Am Encaustic (). . 2 Am & Foreign Pwr. 29% Am Home Pr (2.40) " Am Tcepf 6)....... 9 Am Locomotive.... 18% Am Mch & Fy (30e) 4% Am Mach & Meta 1'% Am Power & Light. 81, Am Pwr & Lt $5 pf. 104 Am Pwr & Lt $6 pf. 10% Am Radiator. . 15% Am Rolling M1 413 Am Seating v.t.c. 2% Am Smelt & Ref Am Snuff (13). Am Steel F‘uundrv Am St] Fdry pf (2). Am Sugar pf (7) Am Sum Toh (1) Am Tel & Tel (9). Am Tobacco pf (8), Am Wat Wks (80¢): Am Woolen . Am Woolen pf..... Anaconda Copper. Anchor Cap (60c).. Anchor Cap pf(624) 36 Archer Dan M (t1). 97 Armour Del pf (7). 314 Armour of I1linofs. 5513 Armour 11 pr o (8) 713 / «=0 Dry Gonda 354 Atch To & S Fa(a?) 1% Atlantic Ref (1). 106% Atlas Powder pt (6) 15 Auburn Auto...... 3 Aviation Corp Del. 113 Raldwin Loco (d).. 32 Barker Brothers pf. T Barnsdall Corp . Rayuk Clzar (150¢) Reech-Nut P (13).. Relding-Hem (a Dl:) '« Rendix Aviation. .. Reneficial Loan l'fi Best & Co (2) Bethiehem Eteel., Rethlehem Stl of ... '« Bigelow-San Corp.. Rlaw-Knox Roeing Atrpl . Bohn Alum&Br (3). Bon Ami (A)(t4)., Rorden Co (1.60) « Borz Warner (1%). Rridgep't Brass 406 Briggs Mfg (2) Bristol-Myers (12). Bklgn-Man r (3).. Rklvn & Queens. . .. RKIn&Queens pf (2) Brown Shoe pf (7). Buevrus Erte Rudd (EG) Mfg... Budd (E G) Mfg nr Budd Wheel. Rullard Co. Rurns Bros R (). Burns Rros pf (d) . Burr Add M (60c) 334 Calitornia Pk (1% 's Callahan Zine 712 Campbell- Wy (a20e) &%, Can Drv G A (40c). 9% Canadian Pacific. ... 45% Case (J 1) Co...... 20, Case (J 1) of (4) ... Caterpillar Tr(t1). Celanese Corp ... Celotex Co (A), Celotex Co vie (4) 4 Celotex Co pf (d). 2214 Cent Azuire (1%).. 38, Cerro de Pasco (2). 37% Ches & Ohin (280), East 11l nfed).. Chi & Gt Westn(d).. % Chi Mil St P & Pac % Chi Mil StP&Pac pf 1% Chi & Northwest. 4« Chi & Northwest nf 4% Chi Pneumatic Tool 15 ChiRI&P 6% (d).. 251 Chickasha C O (2). 31 Chrysler Corp (t1). "fl City Ice & Fuel (2). 87 Citvice & F pf 6%. 151 Colzate-P-P (50c). 9 Collins & Atkman. . 69% Collins & A1k pf (T) '2 Colo Fuel & Ir (d)., 7 Colo & South Ist pf. 3% Col Gas & Elee. . ... 31 ColG&EpfB(5). 24'3 Colum Pievte (11) 2913 Comcl Credit (2) 112 Comel Cred pf(5%) 56% Comel Inv Tr (12) Comel Inv ev pfi6) 17% Comel Solv (+60c) . %, Comw & Southern.. 29' Comw & Sou pf (3). 71 Con C pr of ww 6. 214 Consol Film...... 144 Cons Film pf (:1%) 157 Consol Gas N ¥ (1). 72% Consol Gas pf (5).. 613 Consol Of1 213 Consol R R Cuba pf 15 Consol Textile. ... 8% Container Corp (A) 2% Container Corp (B) 43 Contl Baking (A).« % Contl Baking (B).. 46 Contl Baking of (4) 62% Contl Can (2 40) ... 7 Contl Dia F (a30c) « 28% Contl Ins (+1.20) ... 15 Contl O Del (237%¢ 41% Corn Ex BE&Tr (3) 62 Corn Prod Ref (3). 25% Cream of Wh (12).. 74'% Crown WP1st pf(4) 14 Cructble Steel. ... 4715 Crucible Steel pf 1 CubaCo...... 5% Cuban-Am Sugar 4013 Cuban-Am Sug of. 40 Cudahy Pkg (2%4) 8915 Curtis Pub pf (7 2 Curtiss Wright 61 Curtiss Wrig! 16 Cutler Hamm 22% Deere & Co. 19 Deere&Co pf (140¢). 2315 Delaware & Hudson , 3414 Dome Mines (+2) 6% Dominion Stores. .. 1714 Douglas Aircraft. . 1315 Dresser M A (b1%) 6% Dresser Mfg B..... % Duluth S S & Atl pf 6% Du Pont de N (2.60) 104 Duquesne Lt 1st (5) 110% Eastman Kod (5 16% Eaton Mfg (1). 19% Electric Auto Lite 3% Electric Boat. . 1% Elec Pwr & Light. .. 2% PFlec Pwr&Lt $6 pf.: % Elec Pwr&Lt $7 of.. 52% Endicott-John (3).. 14 Eng Pub Sve $5 pf.. 5 Equit Office Bldg... T4 Erfe R R. - 8% Erie R R 1st pf 17 Fairbanks-Morse. . 71y Fairb’ks M pf 3% . 3% Fed Motor T(al0e) . 7 Fed Water Sve (A). 2814 Fid Ph F In (11.20). 1314 Firestone (40c). ... 8415 Firestone pf A (6). 45% First Nat Strs(2%) 97 Foster-Wheeler. 25, Foundation Co. 19% Fourth Nat In 8% Fox Film (A) 174 Freeport-Te: 7 Gamewell Co 5% Gen Am Investor: 84% Gen Am In pf ww 32% Gen Am Trlnl(l* 11% Gen Asphalt. . 7% Gen Baking (60¢).. 5% Gen Bronze... 2015 Gen Electric (60¢) 32% Gen Foods (1.80) % Gen Gas & El (A). 1073 Gen Motors of (5).. 10 Gen Outdoor Adv A. 80 Gen Ry Signal pf(6) % Gen Realty & Util.. 16% Gen Rafractories 164 Gen 20 LIS e 2 64 6% 6+ U 2 11% 11% 1%+ % 4 8% 8% Sn-—W 2142 141% 142 - % 5 17 16% 16% = % 2 " K 2125 125 11 4 4% 2 571 K7 4 22% 2 65 65 1 41 Kl l H‘l\' 117‘& 137% 1 15% 154 15% MJl l20VA |20 IZO EVEE Friyr ¥ 5P 8 =l £ £ #EE ' Hk ) 28 £ o 3 PR~ N SRR I BANINENN D~~~ =2 - BFun—w FrEz #8 o [ jag (REREE S S Fessa L 2 SerS-wny BEETE BEE &5 K] 59 &2 10 3615 21 e Tavy 3814 6l 20 5915 1 67 79 42 103% 103% IO NANNE UNERDS BN FEFEISE ®» 2= is S S MRB WS e RE e I++ILI+| Y v 1013% 1007 112 111% 2 146% 146% 21% 21% 22% 22% 5 5 3 Kl 12% 12% s 4% 65 30% H 101 112 V& PFIEFEEE T +1 146% +1 g 3 BN 0 R 12 o S NR AR g W 18% 8% 63 25% 364 * 25% — % 36% — el 691 3 325% 32% + % lll'n 114% 114% — % 1 13% 13% 13% 30% 20% 30% + % 108 100% 100% 100% + % 1 1% 1% 1k-% 1 19% 19% 19% + % 69 - & 12 19% 18% 19% % Net change Today’s close . Prev. High. 32 1 27% 32 . 1938 STOCK AVERAGES Compiled by the Associated Press. 30 Indust. Rails. ————1 .- 60.1 - 602 - 558 - 518 - 616, 49.5 614 453 - 318 -1469 - 516 stock and Low. Dividend Rate. 14 Gen Sti Casting pf. 12 Gillett Saf Ras (1), 18 Gimbel Bros pf 23% Glidden Co (11) 15 Unch. 24.0 24.0 214 83.1 276 185 43.0 228 87 1539 95.3 Sales— ‘Add 00. High. 408 T 1 5 109% 1047 Glidden Co pr of (7 ) 308 18 118 14% Gold Dust (1.20)... 111'5 Gold Dust pf (6)... Ta Goodrich (B F).... 15% Goodyear T& R.... 26 Grant (WT) (t1)., 9% Great Northern pf.. 9% Great Nor Ore (50c) 26% Grt West Sug (2.40) 4 Gulf Mobile& N ... 6 Gulf Mobile & N pf. —_—— 334 108 20% 112 3% 2515 128 % 30 Hack WpfA (1%). 101 Hanna (M A)pf(7). 16 Harb Walker (1).. 99% Harbison & W pf(6) 1% Hayes Body. 11 Hercules Mot (80c) 122 Hercules P pf (7) 5% Holland Furnace. .. 6% Holland & Son (50c) 307 Houd-Hersh A 2% .. 613 Houdaille-Hersh B. 43 Howe Sound (3). 6% Hudson Motor Car. % Hupp Motors 9% Illinots Centra 40 111 Cent Ise lines(4) 6015 Ingersoll-Rand (2). 46% Inland Steel (2).. 1% Intercontl Rubhe 24, Int Agrieultural. 149% Int Bus Mach (16 3% Int Carriers Ltd 20e 341a Int Harvester (60c) 224 Int Niek Can (f0c) . %4 Int Paper & Pw (C) 4% Int Paper & Pw pf.. 21'y Int Print Ink (1)... 9815 Int Print Ink pf (6) Int Rys Cent Am pf R7a Inzersiate Der: Sirs 6'a Intertypa (a20e). .. % Kelly-Spring T (4). 6 KellyST 6% pfidie £ Kelsey-Hayes (A). 124 Kelvinator (50c).. 13% Kennecott C (6ie) . 10 Kim Clark(a122).. 19% Kresge (88)(1)... 103 Kresze (S §) pf (7) 214 Kroger Gr&Bk 1.60. e———— 18% 24 LambertCo (3) 1's Lehigh Valley (‘nl! 515 Lehigh Val Coal pf. 14's Lenn & Fink (1%5). 215 Lib-0-Ford G1 1.20. s Lizg & Myers R(t4) Liquid Carb (1) Loew's Inc (2). Loew's Inc pt (6%) Loft Inc Loriliard P (+1.20). Lorillard P pf (7).. Louisiana Oil. . Louistana O1l pf. Louisv GEE(A)1% 12% Ludium Stee 5 12 12% 455 116 R 4 28 “a 2 18% 50 21% 7% McCrory Stores(d) .. 614 MeCrory Stra B(d). 36% Mcintyre Porcu (2) 9015 McKeesport T P (4) McKesson & Rob pf Mack Truck (1) . Macy (R H)& Co(2) Mallison & Co...... 5 Mallison & Co pf. i Man El1 md gtd(d).. Marancha Corp. . Marine Midid (40c) Market St Ry pr pf. Marshall Fleld. ... Mathieson Alk(1%) May Dept Str (160) Maytag Co........ Maytag pf ww £2%. Melville Shoe (12). Mengel Co . Mengel Co pf Miami Copps . Mid-Cont Pet albe. Midland Steel Prod MidI'd Sti 1st pf(8). Minn Moline Pow MStP&SSMisin Missfon Corp. ... Mo Kans & Tex pf.. Monsanto C (1).... Montgomery Ward. Mother Lede Motor Produet: 7' Motor Wheel (50¢). 3674 Mullins Mfg pt. 4% Murray Corp. 11 Nash Motors (1)... 415 Nat Aome Co. . . 2214 Nat Biscuit (1.60) .« 1214 Nat Cash Reg A 600 127 Nat Dairy Prod 1 20 113 Nat Dept Stores d) 17 Nat DepS1st pf(d).. 2314 Nat Distillers (2).. 21 NatEn & Stpg (2).. 47 Nat Powr & Lt (800 40% Nat Steel (11) 181 N Y Airbrake. 1214 N Y Central R R. 94 NYChi &St Lof.. 4 N Y Investors (4).. 2% N Y N H & Hartford 6 NYNH&Hart pf. % N Y Rallways pf... 6 N Y Shipbuilding 79 N Y Steam 18t (7)., 30% Noranda Mines (2). 158 Norfolk & W (18).. 2 North Am Aviation. 9 Nortn Am Co (1)... 35% North Am Co pf (3) 13% Northern Pacifie... 9 R 60 s 14 108 5% 55 21% te 1T ——— 4% 20% 4 25% 365 134y 5% s 6 14 15 7635 110 41 2% 116% 11% 20% 3814 5% 6 % 3% 23 % ? 2% 11% 90% " 6% 567 2% 21 43% 6% 11% 4 W 9% Ohio Oil (a1be).... 1 Oliver Farm Equip. 11% Otis Elevator (60¢) 4% Otis Steel .. 38 Outlet Co (2)‘ ceene 1 Pacific Coast 2d.... 13% Pacific G& E (1%). 19 Pacific Ltg (2.40) ... 111% Pacific T & T pf (6). 31 kard Motor. 2% Par Public cod (l).. 2% Park Utah. 14 Pathe Exchange. 81 Patino Mines. . 57% Penney (J C)(2). 103% Penney (J C)pf(6). 2% Penn Coal & Coke. . 17% Penn R R (1). 110% Peoples D S pf I% . 734 Petrol Corp. . . 12% Phelps Dodge a2ic.. 23 Phila Co 6% pf (3).. 3815 Phila Co pf (6) new 3% Phila Rap Tr pf (d) 1% Phila & Read C& 1. 35% Philip Morris (1)... 13% Phillips Petrol (1)« % Plerce Ofl...... 5l Pitts Screw & Bol:. 1 Pittston Co.... 614 Plymouth O1l. 61 Poor & Co (B) 4% Postal Tel&C pf(d). 42% Proc & Gamb (1%). 20% Pub Sve NJ (2.40).. 62% Pub Sve NJ pf (5). 73 PubSve NJ pf (6 85% Pub Sve NJ pf (1 34 Pullman Ine (3). 61 PureOil 6% pf...en 49% Pure Ol 8% pfa.ees #% Purity Bakeries (1) 4 Radio Corporation.. 35% Radio Corpof B... 1% Radio-Keith-Or(d). 16% Raybestos-Man (1). 29% Reading (2)......« 3% Real Silk Hoslery.. 7 Remington-Rand 2% Reo Motor Car. 9 Republic Steel. 1508 908 29 9 aR = o - a3 AeeT ~ o nan B-Fanalo-vancana 110, = P -1 T O T P UY=_ YU R NEmRA- LTy 15 Util. Stocks. = 324 326 29.4 325 % 441 442 406 423 452 348 514 349 169 157.7 618 I+ 1+l +11+0 |+ 1414+ ++ ) i+t | Richmond Prev. 1038 Btockand Bales— Hish. ' Low. Dividend Rate.. Add 00. 24% 17% Reynolds Metais(1) 3 107 101 ReynldsMet pf 6%.. 1 61 .55% Reynolds Tob (3)... 10s 52 434 Reynolds TobB (3) 10 12% b% Ritter Dental...... 1 —_— 264, Safeway Stores (3). 1 St L-San Frpf (d).. 22 Schenley Distiller 8 Schulte R Strs pf. 55 Scott Paper (1.80) % Seaboard Alr L (). 20% Seab'd O Del (160¢) 81 Sears Roeb’k(a75c) 40 Sec Nat Invpf$1i 7% Servel Inc....... 8% Sharp & Dohm 515 Shell Union Of1 8% Silver King C (4! 6 SimmonsCo.... 13% Simms Pet (a50c) 24 Sloss-Sheffield pf... 15% Snider Packing.... 11 Socony-Vae (60c). .. 20 Sou Porto 1 Sug (2) 10% South Cal Ed (1%). 12% Southern Pacific 5% Southern Rallway 3% Sparks-Withington. 32 Spencr Kellogg 1.60 T4 Sperry vte (a25e). 43% Spilegel-May-Stern. 13% Stand Brands (1).. 213 Stand Com Tobaceo 1% Stand G & K34 pf.. Stand G & K $7pf.. and Oft of Cal (1) Stand O of 35% Stand O NJ (11). 58% Sterling Prod (3.80) 6% Stewart-Warner... 215 Stone & Webster 24 Studebaker ( 751 60'3 Sun Ofl (11). 121 115i Sun Oil pt (6) 3 1% Superior Ol o g v o -] 5 FPwaabeEieeu-BeaanmeranE T naanue 9% 7 Telautegraph(6ic). 23% 16 Texas Corp (1).... 368, 8% Texas Gulf Sul (2), B Bl Tex Pac Coal & Oil. 8y 213 Thermoid Co 174 13% Thompson Products 12 7% Tide Wat Asso Ofl. 1024 84 Tide Wat A O pf(6) 106'x 100 Tide Wat Ofl pt (5). 7l 4% Timken-Detrott 407 28% Timken R B (11). 7 4%» Transamerica(25¢) 10 5% Transue & Williams 44 1% Tri-Contl Corp. 42's 36 Trico Prod (2%4). 2% 1% Ulen&Co.......,. B0la 29 Union Raz&Pap &) 63la 44 UnCarb&C160.. 20 14% Un Otlof Cal (1)... 2 1u.v » 106'a 106 5 301 s i High. Low. Close.Chgs. 22% 1074 59% 5074 22'n 1073 A9% 507 10 2214 + % 1071% + % 9% — % 0% + W 10 3815 1t 20% 1% 66 % 20% 42 50% 9% 3 3815 e 29% 1% 105 9R, 13 an; 3 SATURDAY, JUNE 29, 1935. 2 4 Appmnmnl: Sales of Stocks on the N. casl deciarations. 27 FINANCIAL, STOCKS HELD BACK BY PROFIT TAKING Legislative Uncertainties Bring Uneven Trends and Slower Trading. BY VICTOR EUBANK, Assoetated Press Pinancial Writer. NEW YORK June 29.—The stock | market ended its second quarter tnday {in & fairly cneerful frame of mind, | although the usual Saturdav profit- taking prevented a resumption of yes- terday's advance Legislative influences vied business hopes and some econfised traders stood aside pending more definite develcpments. The close was a bit irregular Transfers approxi- mated 300.000 shares, It was one of the dullest sessions since the latter part of March. Bra- | kers said that many of their custom- ers had started their week end holiday early. The news was neither partienlarly good nor bad. The utilities were in- clined to dip, but the metals and &cat- +lhattered specialties were in demand Many issues were virtually unchanged Realizing came into wheat after its sensational spurt of Friday and eot- ton did little. Bonds were mixed Foreign exchanges were featureless Mining shares may have improved in response to the advance of 'y of 2 cent an ounce to 693, cents in the New York price of imported bar silver, But this group was firm yesterdav | when world silver quotations were lower nited States Smelting and Fast- man Kodak got up about & point each American Telephone and United Corp. vreferred lest as much. International Business Machines dropped 2. Con- lidated Gas, United States Steel, ta Fe. Westinghouse, General M- tors, Chrysier and many others moved only a shade in either direction Further insistance by the President that the House reinstate the “death ntence” clause in the utility holding Steckand Bales— Loy Dividend Rate.. Add 00. 79'% Un Pacific pf (4)... 9% United Alrerattros. 12 4's United Air L vte. 2 20% United Bise (1.60)., 46 United Carbon 2.4 1% United Corp.. 20% United Corp pf (3). 8% United Drug....... 71% United Fruit (3). 9% United Gas Imp (1) 214 Unit Paperb'd (4) 1% United Pce D W - 10 Unit Pisce D W pf.. 0"% U S Gypsum (1)... U S Ind Aleohol (2) 7% U S Leather(A) vte. 9% U 8 P&F 1st pf U S Realty & Imp 914 U S Rubber. 24 U S Rubber l! 12 95 USSmelt& R (26)s 2T USS 73% U S Steel pf (2).... 3% United Stores (A)., 61 Univ Leaf Tob (i2). 1 Util Pwr& Lt (A).. FLI1L 1%+ b jisi+ 1A with |+ 1% 11% Vanadium Corp 4% 2! Va-Car Chemical... 7% 17 Va-Car Chem 6% pf 4'a Waldorf Svs(b20e). 26'% Waigreen Co (1.20), Walworth Co...... Warner Bros Plc. Warner-Quinian. .. Warren Bros. . Warren Fdy&P (2). Wesson O&S(150c). West Pa Elec pt () West Pa klec pf (1) West Pa Pw pf (7). West Dairy pf Bvte, Western Maryland. Western Union. ... Westingh'se A B 50¢ Westingh se Elec. .. White R'k M 5 1.40, White Sewing Mch Wilson & Wilson & Co pt (l;. Woolworth (2.40).. Tia = ¥ w . 2 313 Yellow Truck pf... 60 18 Young Sp & W (11) 1 13 Youngstown S&T.. Z 'a 17 4a 2% Zonite Products.... 2 3 . Y. Stock hthange. 130,000 12:00 Noos ),000 Total sales for the day, , Dividend rates as §iven in the above table are the annual h pavments based on the latest quarterly or half-yearly <Unit of trading less than 100 shares aPaid this tAnnual rate pius vear. bPaid last ership or being reorganized. *|PREDICTS WHEAT AT 60 OR 70 CENTS BONDS ON THE CUEB MARKET. DOMESTIC BONDS. Alabam Pw 4 lentv Agent at Staunton De. Alabam clares It Is “Just Too Bad” for A. A. A. Non-Signers. By the Associaied Press. STAUNTON, Va, June 29 —County ! Agent J. C. Coiner commenting here on the drop in wheat prices on the Exchange declared he looked for the grain “to drop to 60 or | 70 cents a bushel.” | with the things they must buy. | the non-signer: | of George W. | ports | 728 in need of tepairs. | 14a16. Signers of wheat contracts with the Government. however, will have some protection, Mr. Coiner said, “by get- ing the differential between the price of wheat and the buying power of the dollar.” in line with the Agricultural Department’s efforts to raise the farmers’' actual income to a parity For , he indicated, it was “just too bad.” Mr. Coiner's comment came here following the “suggestion” yesterday Koiner, State Commis- sioner of Agriculture, that farmers hold their wheat if prices offered are not satisfactory. FEWER CARS NEED REPAIRS. NEW YORK, June 29 ( —Class 1 railroads on Juse 1 had 283310 freight carsqn neca of repairs, or 154 ver cent‘ni®the number on line the Associa“ gl af Americar. Railroads re- On -May 1 there were 284,- CHICAGO PRODUCE. CHIC June 29 (# —Poultry. 24 trucks. unsettled: hens. 16: Leghorn hens_1- Rock frvers. I8al9" colored Raocl 21. colored Rock Biotere: r 17" barebacks. chickens. roosters. 3, 41, pounds up. white ducks 47 old_geese_ 10 BU d Dmmd: up. prices un- changed. Eges. 16 . prices un- f ol es iiberal light: ‘Arkansas Biiss Triumphe. 0. S 1 1.30a40. Oklahoma Bliss Triumphs R s 1 40a50: showing decay. 125! Santornis Lond Whiter U-S_No'¥. 10 showing decay. 1 North Carolina Cob- blers. U. 8. No. 1. 1.25. glishily heated 03 Biiss Triumphs. U. 8. .1.65: Virginia Cobblers. U. 8. No N el S Raris areting~ Sobugers: US. No. 1. 2.10a15: badly heated. 1.3 BALTIMORE STOCKS Special Dispatch to The Star. invoice weignt, High. Low. Close. Il ¢ 1% 3314 m 13 Fidelity & Guar Rig 50 Houstn Ol pf vte_ 560 Maryland Cas_ - ° 250 New Amster Cas _ Nlp 6 U°S Flel & Goar” 11 L 11 CHICAGO STOCK MARKET |} HICAGO. June 29 (P —Following is the complete official list of transactions in stocks on the Chicago Stock Exchange o Sales KS. T Anbor. T 40 Adams Mfs 100 Advance Alum 2 50 Armour_& Co _- High. Low. Close. 973, P33 933 500 Borg-Werner 200 Butler Eros 130 Cen 11 Pur sv of 40Cen & S W D 40 Gen & LAS pi- 300 Chi & e 300 it Eor 50 Chi Flex Sh 400 Cities _Ser: 100 Com with * Edis 150 Crane Co 50 Davton Rnbb-r,_ D _Inv__. 50 Noblitt ~Parks 100 Nor'west Bancorp 0 Swi 0. 50 Switt fnt 200 Uiah Radio- 150 Zenith R ‘Total stock sales U. S. TREASURY NOTES. (Reported by Chas. D Barney & Co.) Rate—Maturity. Aug. s EEPEEEE 55555523 8233333332223 Bttt ok 1 ;i;..;u—u | Aluminu; Am Ei F | Amer G&E 5 P& N demand and mmnn | s Service rvice r & L ‘l:m El 6,8 Ind Gas 55 A ' Ingiana Ser Indiana S 3= Indnp P&L 5. | Infern sc_a Intersta Pw 5s Intersta Pw tis Inter P § 53 D Interst Psyi ‘Mnm-nha F'w Mass Gas | Minn P&AL 4 Minn P & L 5 Miss Power 3 New Eng G & E New Eng G & E company bill did not bolster market sentiment Some commentators, though, thought that opposition to recommendations from the White | House was still strong and that there was \nmfi- chance of the contro: resulting in a stalemate The financial sector was not ticularly disturbed by the realizatinn that the Treasury tomorrow will end its fiscal year with a gross debt of nearly $28300.000.000. It was re- called that the per-capita public debt in Great Britain ‘more than double that of the United States. ;(Dulpul Declines To 89.037 Level At Auto Plants ’ the Associated Press DETROIT, June 29.—Production automotive plants for the week ended today is estimated by Cram's Reports Inc, at 89,037 units, compared with 90.561 for the week ended June 22 and 80,936 for the same week of 1934, Production of High Low par- the General Motors | group this week was 39135 u against 33798 units in the sponding week of 1934. The Chrysler group produced ap- | proximately 16850 cars and trucks, | unchanged from last week. A year ago this week Chrysler output was| memriw 25390 units, were firm th Ford production for the week ended | 122, /Pc Y ooy today was 22.275 units, compared with 24275 last week. A vear ago weckly production was 16,600 u 'DOLLAR GOES LOWER IN LONDON DEALINGS ; he Associated Pres LONDON, June 29—The States dollar closed officially on the | foreign exchange market at 4.94%, | - compared with the New York over- night closing of 4.94 | The French franc closed unchanged 7450 to the p(\und NEW YORK BAR SILVER. NEW YORK. Jure 29 (#).—Bar corre- L T firmer, ', higher at 697%. FOREIGN MARKETS. 0'h birthday of the Ber- Closed. FOREIGN EXCHANGES. Br1 United nds 1694 Gmm,mv 40 5, mzw YORK PRODUCE. P FEDERAL LAND 1|, NEW YORK ' | Land Bank boj BANKS June 20 (P —Pederai to easy: unchanged |NVE§TMENT TRUSTS | YORK H:" o NEW YORK BANK STOCKS 11y Dealers NEW YORK. June Security Dealers' Assoei June 20 (P Association Admin Fund ww___ ™ —New York on ok Am Business —— Bullock Pung ulative Tr v 1ase Shrs b 106! sn an (113)_ === < @) = < National (1.4 ,( em Bk & Tr (1.80) Commercial (%) Bank & Tr (80 Exchanse B & Tr Ser L A Fixed Trust Sh B Fund nvestors Tnc_ | nv A P hhr (1'3) {r‘\h‘(;nr:‘r;nfi n" Am Inc _ Title Guar & Tr rvland Fune Inc T G0 DIVIDENDS ANNOUNCED YORK I a0 1665 Tune 0 _ Dividends de prepared’ by the Sta fisties Corp % Sendww Pe- Rate. riod Redueed. shrs e 8 Accumulated. Interstate Deot. Stores. 8tk of record Pa>- abie Premier 6-29 17 L) o Rainfer Pulp & P “A- 41 2 Ext Nat Automotive Pibre A ki & Deierred. Canada Bud Brew Recular, | Am_Security & Tr ‘Washington, D. C)_%2 Campe_Corp So Cal Gas 5'4s | So Carolina 55 | Pireman’s “ Fund \\nn Seamlass Tub Mollohan Mfz pf_._ | Mount_Carbon &Port Carh RR Natl Trust Shares bearer 1medified) 19 6 Northern, Indiana Py 8 % Dl R ‘lI'D:DO $1.25 do | orkland Got "M ot %4 Pan Amer Airways Philadeiphia Elec State Street Invest Urited Milk Pr $3 pf 75¢ Interstate Dept. Storgs 7% Dl $1.75 Kevstone Watch Case Southern Calif Edis 37 0.0 000 W0DD 081, ORI 1% 10614 10 Famam foe rinet eeteiat u..»- on D_ €. residenca or small proper- R ties Building loans . con- iois sidered " Charges “reasonadle. T101m1 Wm. T Ballar 1221 Eye St. NW. |u||' EEE P “id | Wis | York Rwy 5s FOREIGN Baden Con M 13 ) BONDS. -} H'l Will Make First 'H'rvl' M ’('1'» A A Tr t Constroet Ger Con Mun 78 '4 an Residen m A Pvnvvfln Pr ke Action on Avplieati Real Estate Mortgage and Guaranty Corporation 1610 K St. N.W. Phone Nak. “xw-Withont w wi——When issued, impaired by matur ported 1o receivershio.