Evening Star Newspaper, July 1, 1935, Page 18

FINANCIAL. STU[IKS END DAY WITH FIRM TONE Number Rise to New Peaks. Oils, Steels and Some Specialties Lead, What A—18 FILNANCIAL. THE EVENING STAR, WASHINGTON, 1935. CAPITAL TRANSIT [TRANSACTIONS ON THE NE EARNINGS MUUNI STOCK AVERAGES v. 1035 Stock and Bales— Net. Compiled by the Associated Press. May Net Reaches $100,463, Low. Dividend Rate.. Add 00. High. Low. Close.Chse. 110 Abr & Strauss pf(7) 10! 113 113 113 +1 - Against $92,404 for Same 1934 Month. 51 Acme Steel (12) + % 7% 4% Adams Express. 3315 28 Adams Millis (2). 9% 415 Advance Rumley. 145' 104% Air Reduction (13). 20% 15% Alaska Jun (t60c). 1% % Alleg Corp (d). 6% 1% Alleg pf xw (d). 1543 125 Allled Chem (6 f b A ed Stores pf. BY EDWARD C. STONE. Efi:" 12 Allis-Chalmers.... Net earnings of the Capital Transit | g7a fi:: At Co. in May were reported today as 27% £100.463.37, against $32.404.66 in May Am Bank N of (3). last year, a gain of $8.058.71 or 8.7 Am Brake Sh pf(7). per cent. At the same time the Fed Ug Am Can (t4). eral Reserve Bank of Richmond re- ;s' Am g":p‘“‘g”' ported that retail trade in Washing- T A CarE Pound bt ton department stores in May scored 613 Am Crystal Sugar. . an increase of 8.7 per cent, far ex- B57% Am Cryst S pf (a3), ceeding business in other sections of 2 Am & Foreign Pwr, the fifth district. 12 Am&ForPw$6p . In the last of the May reports to e T be filed with the Public Utilities Com- WAmleT. mission the Capital Transit Co. an- 287 Am Tce pf 6) . nounced that operating revenues to- 412 Am International. .. taled $807,567.32, against $740,061.97 1814 Am Mch & Fy (80c) in Mav, 1934, an increase of $67.505.36 | 7;“ an ;}:3-,!& Meale. or 2.1 per cent. Operating expenses A Power:l,lzm. called for $557.479.73, as compared 8% Am Pwr & Lt $5 pf. with $302.717.16 a vear ago, an in 10% Am Pwr & Tt $6 pf. crease in operating costs of $54,762.57 10'5 Am Radiator or 10.9 per cent, 15% Am Rolling Mills.. Operating expenses, taxes and de- 66 :""“ ‘:a':"'-" ’3_""5" preciation amounted to £663.330.13 e e, e against $605.447.88, an advance of | 103 AmS&RE® pf $13%5. £60.102.25. leaving an operating in- | Am Snuff (13)..... come of $142017.19 in comparison Am Snuff pf (6). with $134,614.09, a gain over last year Am Steel Foundry. of 5.5 per cent. May was one of the Am Stl Fdry pt (2). few months since the street car con- #olidation when the increase in operat- ing expenses has been smaller than the gain in operating revenues. Gross income in May totaled $154.- 335.10. as compared with $148.922.39, up $5.412.71. The usual deductions | required $53.871.73, while this item a vear ago stood at $56.517.73. These deductions left the net income in Mav of more than $£100.000. Revenue passengers showed an increase of 15.4 per cent, 13.070.850 being carried, compared with 11.227.770 in May last | Year, an increase of 1,743.080. 3315 Am Stores (12) 5512 Am Sugar (2). 1813 Am Sum Tob (1) 9874 Am Tel & Tel (9) 7213 Am Tobacco (5). 74% Am Tobaceo B (5) .+ Tia Am Wat Wks (80¢). 48 Am Wat W 1st (8). 35'5 Am Woolen pf.. 8 Anaconda Copper. 36 Archer Dan M (t1). 97 Armour Del pf (7). 3% Armour of Illinofs. . 55'9 Armour 111 pr pt (8) 7'3 Asso Dry Goods. . 807 As=0 DG 1st pf(26) 48 AssoDG2dpf..... 358 Atch To & S Fa(a2). Passenger Traffic Increases, o Atch To&S F pf (5) vear Capital Transit reported oper- 15 Auburn Auto.. ating revenues of £3.803.070.91, com- Aviation Corp Del pared with $3.465.675.19, up $337. 395.72. or 9.7 per cent. In the same period operating expenses were up 17 | per cent. Operating expenses, taxes and depreciation totaled $3.209.400.79 | fAgainst $2,785.924.86, an advance of $423.475.93. or 152 per cent. This left an operating income of $593.670.12 in comparison with $679.750.33, which was not up to last year by $86,080.21, or 12 per cent. Non-operating income was slightly lower this vear, as was gross income. Deductions from gross to meet inter- est requirements took away $277.- 21758, while last year's deducations totaled $283,263.48, an increase this | vear of $6,045.90, and leaving a net income in the first five months of | Aviation Corp new, —_— 1935 of $382.674.43. as compared with £464.125.00, a drop of $81.450.66, or 11; Baldwin Loco (d).. 17.5 per cent. 713 Baltimore & Ohto. . 1008, Bamberger pf (6%) 36 Bang & Aroos (2%) 5% Barnsdall Cerp..... 15% Beatrice Cre (a50¢c) 11« Belding-Hem (a50¢) 117x Bendix Aviation. .. Revenue passengers carried in the five-month period numbered 61.836.- $51. Last year revenue passengers in | the like period totaled 52,677.520, showing an increase to date this year of 9.159,031, or 17.4 per cent. D. C. Trade Makes Record. 1514 Beneficial Loan W. 34 Best & Co (2). 21% Bethlehem Steel. 558, Bethlehem Stl pf 143, Bizelow-San Corp. 9% Blaw-Knox. 1031 Rlonm\nzdule nf (7) 61a Boeing Airplane. .. 46% Bohn Alum&Br (3). ] W 90 Ron Ami (A)(14).. 21 Borden Co (1.60)... 281, Rorz Warner (1%). 8'; Rridgep't Brass 40c 2415 Briggs Mg (2).... 231% Briggs & Strat (2). 20% Bristol-Mvers (12). 361> Bklvn-Man 't (3). 1% Bklyn & Queens 12314 Brown Shoe pf (7). 815 Bucyrus Erle cv pf. 3% Budd (EG) Mfg... 23 Budd (EG) Mfgpf. 215 Budd Whe | 8. Bullard Co. Washington made the best recall‘ :‘ ;:urm:mc R{v#:‘\‘_ 2 trade report in the fifth reserve dis- | 3 2urns Bros pf (d).. trict, according to the May report from | 8% ;“:; :_’” Md'n‘h”fr“;‘ the Bank of Richmond received this| 10 LT Bt cod. noon. Retail trade here was 8.7 per | % Burterick Co (d) ... cent higher than in May. 4. while | 11% Byers (A M) retall trade in the whole District was ! only nine-tenths of 1 per cent better than last year. The fifth Federal reserve district led all 12 districts in the United States| in reducing the number of bank- rupteies in May. Chairman William Hoxton reported in his monthly resume | ©of business and credit conditions “The commercial failure record for! May in the fifth district.” he said. | “was the best record made by anv of the 12 reserve districts, bankruptcies 1n the district last month (May) num- | bering only 27. in comparison with 64 in May. 1934, and last month's aggre- gate liabilities of $507.813 comparing with $1.706,753 in May last year.” Business in the month of May and | the first half in June in the five States of the District “averaged about up to geasonal trends,” with tobacco manu- facturing continuing at “a very high level” with some small increase in textile and coal production and with a | “rather disappointinz” record of re- tail sales. Fiftyv-eight wholesale firms reported an increase over May. 1934, in busi- | ness done in groceries, hardware and drugs, with substantial decreases in dry goods and shoes. Banks Need Higher Interest. Prosperity will elude the banking eommunity until money rates stiffen considerably. according to the A. B. A. magazine, out today. The banks are in an unusually favorable position to financeé industrial growth, the mag- azine says. adding that the extent of | the Fall recovery will depend largely | on the automobile industry. which. in turn, hinges on the crop situation as | reflected in farm purchasing power. The review continues: “One of the most interesting devel- opments in the field of finance in re- | cent weeks has been the continued strength in the stock market, which in June moved into new high ground for the present year. This is partly a reflection of the better earnings of business in 1934 and the first quarter of 1935, partly in anticipation of pos- sible inflation. “Nothing has happened reeently to &trengthen the expectation of infla- | tion. The only positive development teuching on the question has been the rejection of the idea—at least of re- sort to the printing press—in the Pres- ident’s forceful message vetoing the Patman bonus bill. The truth is, how- ever, that there has been a great deal | of inflation talk, and that the specu- lative community seems to be taking it more or less seriously.” Demand for Bends Continues. The demand for City & Suburban 5s on the Washington Stock Exchange continued as the week's business opened today, five consecutive $1.000 sales being registered at 88. Wash- ington Railway & Electric 4s were taken at 10514, 105 and 1043,. A sale of 81,000 Washington Gas 6s, series B, tock place at 104. The only stock appearing on the board was Wash- ington Railway & Electric preferred, two shares selling at 105%. C. H. Pope, vice president and treasurer of the Munsey Trust Co. has gone on his annual vacation, part of which he will spend at Goshen, N. Y. G. Bowie Chipman, head of Laid- ;. € W YORK STOCK EXCHANGE Prev. 1935 Steck and Prev. 1935 Btock and Sales— Higu. Low. Dividend Rate.. High. Low. Dividend Rate. Add 00. High. 1 9 Supply Co. 16 6 4G & E §7 of.. 134 at Supply Co pf 38% 27% Stand Oil of Cal (1) 341 271 23 Stand Oil of Ind (1) 25% 5015 35% Stand Ol N J (t1). 481 1214 Starrett (L S) a26c. 165, 583, Sterling Prod (3.80) 63% 3t Sterling Secur pf 6% Stewart-Warner, 215 Stone & Webster. .., 3 2% Studebaker Corp... 76% 60'5 Sun Oil (11) 3 1% Superior Ol Swift & Co ( ¥k MONDAY, JULY 1, Add 00 15 11% 12% 8 28% 21% 7i4 Natomas Co (80c).. ewport Industries 1813 N ¥ Alrbrak 124 N Y Central R R. 2ANYNH& lellord 6 NYNH & Hart pf. 2 North Am Aviation. 9 North Am Co (1)... 35! North Am Co pf (3) 57 North Am Ed pf (6) % 13 Northern Pacific. .. 14 Norwalk Tire&Rub 30 15 Indust. Rails. +.2 60.3 60.1 56.8 512 616 49.5 614 453 15 60 Util. Stocks. Ry +.1 +.2 14% 325 443 324 4.1 299 413 322 416 329 452 216 348 406 514 24.% 349 239 16.9 1843 1577 618 618 ’: Net change _. Today (close) . Previous day Month ago - Year ago - 1935 high 1935 low _ 1234 high 1934 low 1932 low _ 1929 high 1927 4 18%, 50 214 Stocks Did, 7 Telautograph(60c). 16'5 Texas Corp (1).. 28% Texas Guif Sul (2). 3% Tex Pac Coal & Oil. 815 Tex Pac Land Trust 13' Thatcher M (a50c). 2% Thermoid Co. 1 2 Third Avenue 16 Third Nat Inv ua0c. 13% Thompson Products 1% Thompson Starrett. 7% Tide Wat Asso Oil.. 84 Tide Wat A O pf(6) 100 Tide Wat Oll pt (5). 4% Timken-Detroit.... 28% Timken R B (11)... 47 Transamerica(25c 5)a Transue & Williame Tri-Contl Corp. 42's 36 Trico Prod (274)... 6'a 4's Truax-Tra Coal.... —_— 69 6’0‘« Und-Ell-Fisher (2). 80, Union Bag&Pap (2) Un Carb&C 1.60 Un Ofl of Cal (1)... 14% 9% Ohio Ol (albe). 4% 1 Oliter Farm Equip. 5'3 3% Omnibus Corp. 20% 11i4 Otis Elevator (6! 1243 106 OtisElev pf (6). T 4% Otis Steel.... 46 22% Otis Steel pr pf 104 80 Owens-Ill Gla Total fssu BY VICTOR EUBANK. Associated Press Financial Writer, NEW YORK. July 1.—Despite som! what contradictory market influences, stocks plodded ahead todav and a number reached new high ground for the vear, Buying was selective throughout, with oils, steels and scattered special- ties among the favorites. There were & few soft spots, but the clogse was firm. Transfers approximated 650,000 shares. The market did not appear partic- ularly disturbed by Washington dn- ings. although many traders ad- iourned to the sidelines pending ente come of the House batt.s g Loe utilities holding company b An estimated sharp decline in eur- rent steel production was not unex- peeted owing to curtailment of mill operations for the Independence dav | holidav. Output was figured ar 323 per cent of capacity against 37.7 last week and 23 per cent a year ago, The newly revised banking bill, as reported bv the Senate subcommittee eemed to please the financial sector. Trade news was fairly good. Fears of proposed wealth-tax program showed signs of subsiding. Wheat spurted on fresh erop dam- age report Other grains improved | moderately. Cotton was backward '« | Bonds of the secondary railroads were favored. Foreign exchanges were | mixed There was some profit taking in | fquities near the finish. although Case and Spirgel-May-Stern held gains of | about 2 points each and advances of ;| fractions to a point or so were shown | bv Standard Oil of New Jerser. Amer- ,|ada. United States Steel common and preferred, Continental Can. du Pont American Can. Mav Department Stores, Westingho: General Rail- | way Signal. International Harvester, American Telephone, Inland Steel | Midiand Steel Products. ken Roiler ing, Santa FEEF §57 ¥5 ¥ ¥ Net. . Low. Close.Chge. Prev. 1935 Stock and Bales— High. Low. Dividend Rate.. Add 00. 66% 524 Endicott-Jomn (3).. 31 14 Eng Pub Sve §5 pf. 31's 14! Eng P S $5.560 pf ww 15 Evans Prod (al B 254 869 134 Pacific G& E (1%). 19 Pacific Ltg (2.40) 12 Pacific Mills. 70 Pacific Tel & Tel (6) 20s 'a 111! Pacific T & T pt (6), 20s 312 Packard Motor. 30 i Panhandle Prod&R. 1 4 Par Public cod (4).. 40 24 Park Utah.. 13 Pathe Exchang 84 Pathe Exchange(A) 84 Patino Mines. . " Peerless Motor 57% Penney (J C)(2).. 103% Penney (J C)p£(6). 18 Penn Dixie C pf(A) 17% PennRR (1).. 17% Peoples Gas Chi. 14 Pet Milk (1) Petrol Corp. Phelps Dodge aZse Phila Co 6% pf (3).. Phila Rap Tr pf (d) Prila & Read C& 1. Philip Morriz (1).. x Phillips Petrol (1) Phoenix Hosiery.. Pierce O11 Pierce Petroleum. . Pillsbury Flour 1.60 Pitts Screw & Bolt. Pittsb'zh & W Va.. Plymouth Ofl...... Porto 12 Am Tob B. Postal Tel&C pf(d), Pressed St1 C pfid), Proc & Gamb (1%). Proc & Gam pf (5). PubSve N J (2.40)., Pub Sve N J pf (5). Pub Sve N J pt (6). Pub Sve NJ pf (1) Pullman Ine (3). Pure Oil.... Pure Oil 6% pf. Pure Ol 87 pf. Purity Bnlrrle» « ll 19% + % 17 Fairbanks-Morse. . 714 Fairb'ks M pf 1315.. s Fed Water Sve (A). 281 Fid Ph F In (11.20), 1314 Firestone (40c).... 841 Firestone pf A (6). 45% First Nat Strs(21) 20% Food Mach (1). 97a Foster-Wheeler, 2% Foundation Co. 16% 8% Fox Film (A)... 28% 17% Freeport-Texas (1) —_— 24 7 Gabriel Co (A). Rl 513 Gen Am Investors.. 387y 32%. Gen Am Trans(1%) 19% 11% Gen Asphalt....... % Gen Baking (60c).. 115 Gen Baking pf (S). 2 GenCable. Gen Cigar (14 - ...« Gen Electric (60¢). Gen Foods (1.80) Gen G&E 7% ®f AL Gen Mills (3) - Gen Motors (1).... Gen Motors pf (5). Gen Outdoor Adv A Gen Print Ink 1.60. Gen Print Ink pf (§) Gen Publie Service. Gen Ry Signal (1).. Gen Realty & Util,, Gen Refractories Gen Refrac etfs. Gillett Saf Ras Gillett Stf R pf (). Glidden Co (11)..., Gold Dust (1.20) ... Goodrich (B F) Goodyear T & R. Granby Consol. . Grand Union... Grand Union pf 11 Grant (W T) (11).. Great Northern pf. Great Nor Ore (50c) Grt West Sug (2.40) Grevhonnd Corp... Guantanamo Sugar. £ Mobile & N pf. 204 = % 110 41 s 5% 141, 7 55 40 13% 34 14 " EF o E3 [ R | FrEERE United Alr L vte, « United Bise (1.60)., United Carbon 2.40. United Corp.... United Corp pf (3). United Drug.. United Dyew pf (i) United Elec Coal. .. United Fruit (3). United Gas Imp (1) 2 Unit Gas Imp pf(). Unit Paperh'd (d) Distributing. Gypsum (1) S Gypsum pf (7). Hoftman. .. ind Alcohol (2)’ Pipe & F (50c). Rubber. > (O TP PR SRS § - O e PO 12 S S s s s TRSmelt & R (a6). 6 USSm&Rpf (373) 10515 1174 U S Steel pf (2) 2 United Stores (A).. Univ Leaf Tob ( Univ Leaf T pt (3 Univ Pipe & Rad pf Ut Pwr & Lt (A).. EN 4 Radio Corporation. 50 RadioCorppf Ald'% 35% RadioCorppf B... 1« Radio-Keith-Or(d). 1613 Raybestos-Man (1) 33 Reading 2d pf (2).. 11' 7 Remington-Rand... 89% 70 Remington-R 2d pf. 4« 24 Reo Motor Car. . 152 9 Republic Steel..... 4913 28% Republic Steel pf. 2413 1713 Reynolds Metais(1) 10713101 ReynldsMet pf 535 .. 23 12% Reynolds Sp (740e), b2 43w Reynolds Tob B (3) 20% 217 Roan Antelope Ltd. 16 36% Safeway Stores (3) 1131 104% Safeway Strs pt (6) 11415 110 Safeway Strs pf (1) 10s 215 101 St Joseph Ld (40c). 3 St L-San Fran (d).. 1 Scheniey Distiliers. Seahoard Alr L (d). Seab'd O Del (160c) Sears Roeb’k(aTic) Sec Nat Inv pf 31% ServelInc......... 2 4 Sharon Steel Hoop. ) i Shattuck (F G) 25¢. Shell Unton O11 Silver King C (4 c) Simmons Co . Simms Pet (as0e).. 21% 11% Vanadium Corp 3%ta 34 Vick Chem (12) 2 Car Chemical... Va-Car Chem 6% pf Car Chem 7% pf 1% Wabash pf (4) (d). 26'c Walgreen Co (1.20), 1'« Walworth Co... 1'c Ward Baking (B) Ward Baking pf (2) Warner Bros Pic. .. Warner Bros Pic p Warren Bros. . Warren Fdy&P (2). Wesson O&S(150c). WessonO & Spt4.. West Pa Klec (7) A West Pa Elec pt (6) West Pa Elec pt (7) West Pa Pw pf (6). West Pa Pw pt (7). Western Union.... Westingh'se A B 50¢ Westingh se Elec. . Westh'se 1st pf 314 Weston Elec Inst.. Westvaco Chi (40¢) Wheel Steel pf(3l). White Motor. cox Oil & Ga Wilson & Co ( Wilson & Co pt (6). Woolworth (2.40).. 25'3 Worth Pump pf A.. Fe and Great International tive and la large tun Northern Nickel was quite ac- heavy and there was v in radio at a small de Woolworth also dropped a point. The motors were about un- changed, l(’ 7 4 108 101 20 16 63 4 na Ele v . 8 P 1 3% 1% Haves Body Soe 128 122 Hercules m-rm A 11413 108 Hershey C pf (14 9% 5% Holland Holkand Houd-Hersh A Houdaille-Hersh li. Howe Sound (3).... Hudson & Manhat, Hudson & Man Hudson Motor C: l'. Hupp Motors. . CHICAGO LIVE STOrK CHICAGO. Ju P partment of Agriculture iuding =.000 dirsct: slow steady 12 6 United Srate Hoas packing sows, isr Cattle. 11.000." ca 14 408 accounts common firm 913 Illinols Central.. 40 111 Cent Ise lines( Indus Rayon (1.68) Ingersoll-Rand (2). « Inland Steel (2).... Insur Shet Md 14c.. Interhoro R T (4).. 2 Intercontl Rubher. ., Int Bus Mach (16).. * Int Cement (1) Int Harvester (60c) Int Hydro Elec (A). Int Merch Marine. . Int Nick Can (60c) . Int Paper & Pw (C) Int Paper & Pw pf.. Int Print Ink (1)... nt Print Ink pf (6) + Int Rya Cent Am pt o nt Sait (114) : 3 b 135 Spiegel-M-S pf 61 In SHoel3)-. 34 + Stand Brands (1).. Intarsiate Dept Q'Yl :'n": g:’:;[:“::ecco 70 Int Dept Strs pr ) S A et 25 Island Creek C ( . Stand G & E §4 pf... cents iower at 17% 101, 2215 1% 208 Snider Packing. Socony-Vae (60¢). . Sou Porto R Sug (2) South Cal Ed (1%3). Southern Pacific. .« Southern Ratiway.. Southern Rwy pf Sparks-Withington. Spencr Kellogg 1.6 Sperry vie (aZie) Spicer Mg pf (3).. 2% Yellow Truck.. . 31'y Yellow Truck pf... 18 YoungSp& W (11) Youngstown S&T.. lambs classifie JEWEL TEA SALES GAIN. | NEW YORK. July 1 (P.—Jewe Eachange. | Tea Co.. Inc.. sales for the four wee 300000 | ended June 15 were $1.417.014. again . 510,000 | $1.265347 for the like period last year. an increase of 11.9 per eent 2% Zonite Products.... | Approximate Sales of Stocks on the N. Y. B 170,000 12:00 Noom - 1:00 P.Mu...oo o, 430,000 2:00 P.M... Total sales for the day. , 680,000 Dividend rates as @iven in the above table are t cash pavments based on the latest quarterly or ha declarations. sUnit_of trading 4215 14 4 19% 33% California Pkg (1% 15 Callahan Zine. . ... 15 Calumet & Hecla. .. 713 Campbell-Wy (a20e) 81, Can Dry G A (40c). 9% Canadian Pacific. .. 30 Cannon Mills (2)... 3215 Cap Adm pf A (3).. 45% Case (J 1) Co. 2613 Caterpillar Tr(1). 1915 Celanese Corp.. . . ... 1% Celotex Co vte (d).+ 11% Celotex Co pf (4)... 2214 Cent Aguire (134).. 3%, Cerro de Paseo (2). 23 Certaln-teed P nf 2714 Ches & Ohlo (2.30). 36 Chesapeake Corpi(3) L Chi & Gt Westn(d).. 15% Chi Mail Order (+1) 14 Chi Mil St P & Pac. 18 CHULSRE PG 214 13% Kennecott C (60c). 412 Chi & Northwest nf M 3w 3 3% 23 Kinney (GR) Copt 5, '00] 2 Kresgze Dept Strs hd f::: ';":,",,m.,?,t,'.fi ;.rf ; 19% Kresge (88)(1). 1 ChiRT& Pac () o 224 Kroger Gr&Bk 1.60. 1% Chi RI&P 7% pfd). 31 Chrysler Cnrv (t1). 20 City Ice & Fuel (2). 87 City lce & F pf 6%. 31 City Stores. . 121 Clark Equip (80¢).. 2814 Clev Graph Br (t1). 538, Coca-Cola (A)(3).. 15'a Colgate-P-P (50¢).. 9 Collins & Afkman.. 69% Collins & ATk pf (7) 5 ColoF&Ipf(d)... 2% Col Gas & Elec..... 3513 Col G& Ef A (6). 31 ColG&EDptB (5). 3414 Colum Pie v te (11) 67 Colum Carbon (4).. 3915 Comel Credit (2) 112 Comel Cred pf(31;) 564 Comel Inv Tr (12) 17% Comcl Solv (160e).. % Comw & Southern. . 2914 Comw & Sou pf (3). 27 Congoleum-N (1.60) 9 Congress Cigar.... 238 Conn Ry & Lt (4%) 5013 41 %¥) JAITRAY uuod 1013 7 Consol Cigar, 715 3% Consol Film 2214 14% Cons Film pf ($1%) 27 15% Consol Gas N Y (1). 9915 721 Consol Gas pf (5) 101 613 Consol Ofl. 112 108, Consol Oil pf ( 5 21, Consol R R Cuba pf 15 Consol Textile. . ... 4'; Contl Baking (A).w s Cont] Baking (B).. 461, Con') Baking nf (4) 62% Contl Can (2.40)... 7 Contl Dia F (a30¢).. 287 Contl Ins (+1.20)... % Contl Motors. . ... 15% Contl O Del (a37%cx 36 41% Corn Ex Bk&Tr (3) 80 62 Corn Prod Ref (1), 149 Corn Prod of (7)... 367 Cream of Wh (12).. 16% 12% Crosley Rad (a25¢) 33% 231 Crown C&S (1), 1% 1 CubaCo...... 815 5% Cuban-Am Sugar 80% 403 Cuban-Am Sug pf 47'5 40 Cudahy Pkg (3%).. 105% 891 Curtis Pub pf (7).« 3 "2 Curtiss Wright..... 10% 6% Curtiss Wright (A) 22 16 Cutler Hammer .. — 228 Deere & Co 19 Deere&Co pf ( 11 Del Lack & Wi 36 Devoe& R. A (1) 2615 Diamond Mat (t1). 34% Diam Mat pf(+1%). 2414 Dome Mines (12). 1715 Douglas Afrcraft. R6% Du Pont de N 131 126% Du Pont 113 104 Duqu ———— 8 3% Eastern Roll Mill; 149% 110% Fastman Kod (5) . Stock annuai -yeariy | iess than 100 shares. tAnnu us exta. Accumuisted dividends . abasd this ear bha Tais Tear. dCompanien reported in Feceivership o being remresniima XEX dividena ® Waslnngton Exchange' SALES. 57% 3815 Johns-Manv (a2ic) FIRST MORTGAGE MONEY On D. C. and Nearby Maryland Real Estate 12 2% 19% 12 16% 184 a5 713 Kautm'n D S(as0e) % Kelly-Spring T ()., 6 RellyST 6% pfid). 6 Kelsey-Hayes (A) 314 Kelsey-Hayes (B). 12% Kelvinator (tifc),, 84 Kendall Co pf (186). New York Cotton Chicago Grain | By the Associated Press. | Washington Rwy. & Elec. 4=—$1.000 CHICAGO. at 105'<. $1.000 at 105, $500 at 1043, ' black rust Washington Rwy. & Elec. pfd.—2 at!the 1051;. Washington Gas 6s B—$1.000 at 104, i AFTER CALL. City & Suburban 55—$1.000 at 88, £1,000 at §8, $1.000 at 88, $1.000 at 88, $1.000 at 88, Bid and Asked Prices. BONDS. PUBLIC UTILITY. By the Associated Press. NEW YORK, July 1.—Cotton fu- tures were slightly reactionary during | early trading todav, but there seemed | to be little selling pressure. and prices | held fairly steady following an early | decline of 6 to 8 points. The midafternoon market was dull, with October sellinz at 11.48 and May | | at 1149, or 3 to 10 points net iower. | Futures closed steady, unchanged to &' ower. i July 1.—Reports that in Nebraska has become heaviest and most widespread such epidemic witnessed in any Win- |ter wheat State for 15 vears, led tn | steep new jumps of grain Pprices today, Trading was on a big scale. Indi- cations pointed also to black rust damage to Winter wheat in parts of | Kansas, with rust already present in South Dakota Spring wheat. | SHAN H After a maximum rise of 3% cents, I Prompt attention given to all applications 24 Lambert Co (3) 10% Leh Port Cement... 89% Leh Port C pf (3%) 5 Lenhigh Valley R R. 674 Lehman C (12.40).. 14’3 Lehn & Fink (132). 21's Lib-O-Ford Gl 1.20, 21 Life Saver (1.60).. 93%, Lizg & Myers B(14) 16's Lily Tulip Cup(134) 13'3 Lima Locomotive. .. 2413 Liquid Carb (11)..4 31% Loew's Ine (2)eu0ve 1 LoftlInc..... . 33 Loose-Wiles (2). 126 Loose-Wiles pf (7). 181; Lorillard P (11.20), '3 Louisiana Oil...... 1415 4% Loulsiana Oil pf... 19 105 Louisv GRE(A)1% | 184 12% Ludium Stee e NON & LUCHS 1505 H St | ¥heat closed nervous, 1%a2% above Salurdavs finish, September, 871, mm 's to 1 cent down, @epzembor *875%; oats, % off to % up, and ‘ym\lcmns varying from 10 cents de- | - | cline to a rise o Capital Traction R R. 5s_ LK 2 ooty City & Suburban as Shls | | [THEAT-Open. Hish Georgetown Gas Ist 5 s | duly L Pot. Elec. Pow. Cons. 2 1083 Sent 3 Fotomag Elec 6s Wash. Gas Nat, 2345 Amer_ Tel _—_— O Qeady Money plus steady income: 'Spot steady n—Nominal. Ana. C. & P. Tel. of Va. 5s_. Cottonseed Oil. Bleachable cottonseed oil futures | closed irregular; September, 10.03-04; October, 10.08; December, 10.00-02; | January, 10.05. Sales, 43 contracts. Liverpeol Quotations. LIVERPOOL. July 1 (#.—Cotton bales. including 100 American. Spo erate business done: prices 1 point lower auatations_in pence: American strict zo0d middli 6: good middling. 7.06: strict | middling. 8.91: middling. 6.86: strict low middling. 636. low middling. 8.51: strict Eood ordinary. 6.31: good ordinary, 8.01 Futures closed _quiet Steady #.45: October .11 X uary. 6.03; March, 6.01; 5.99. INSURANCE STOCKS - NEW YORK. July 1 (P —New York Security Dealers' ‘Association: i RRA 130 N 22 1 oz R B e Wash: Wash o Barber Chevy Cn Col. Cnumrv Club '\‘15 D. Paper Mfg I W. i coh Storage 55 STOCKS. PUBLIC UTILITY. Amer. Tel. & Tel (\I'armll Transit Co & Ro: Chase 46 35% McAndrews&F (12). McCall Corp (2) ..., % McCrory Stores(d) MeCrory Strs B(d). McCrory Strs pt (k) Mclintyre Poreu (2) McKeesport T P (4) McKesson & Rob. .. McKesson & Rob pt MecLellan Stores. &« Mack Truck (1) + Macy (R H)& Co(2) * e x < » Magma Copper (2). ° 3 e e = | Sept. = Marancha Corp..... Aetna Life ¢ 4 Martne Midld (40c) Asrieuttural i) Chicage Cash Market. Market St Ry.... Am ns Newark () Cash wheat. No. 2 red. 89';: No. 2 | Market St Ry pr pf. Am Surety (1) _ hard, 1.00'2: No. 3 dark hard, 9 Market St Ry pf a\lll'{‘n,"ml; l'g;m corn, No. 2 yellow, 843,a86: No. 3 yel- Marlin-Rockwell(2) Boston (161 = low, 833%:a85; No. 4 yellow, 83!;; No. 5 | Marshall Field Carolina (1, 10aY yellow, 82; No. 2 white, 88'4: No. 3 x:m;:n&flk'?:a; white, 87a88; oats, No. 1 white, 395’ | y Dept S No. 2 white, 39'4a40: No. 3 white, | 3512a371;; No. 4 white, 353,236 Gity of N Conn Gen Li(r t Fid & Dep (1g) Maytag pf ww $2%. Maytag 1st pt (6) Melville Shoe (12). sample grade, 34a36: no rye; no buck- wheat; no soybeans; barley feed, 45a | 50; malting, 60a1.00; timothy seed, peE| and December. Ma; +11+10 A Savings Account —is your best friend in time of need! and Loan Plan of Saving is the ideal plan , . . the PROVEN plan! Has withstood all the financial storms of the past century! 3 Riggs (81 Riges pfd Washington (8) 100 TRUET "COMPANY. | Natl. Sav. 100 | Wash. Loan a kR p— 1 SAVINGS BANK Com. & Savings (6)_ FIRE lNSURA‘ICE American 12 Corcoran (2507 _. Firemen's (1.60) National Union «.60) ___~ TITLE INSURAI | Columbia (.30, | Real Estate (#) | MISCELLANEOUS. Qarpel Corp (1.60) D. C_Paper MIg. Em._ Bromo-Selz. Lanston Monotype (4)_ Mergenthaler Linotype -Prnnln Dl'u[ ! nM m ’ml Real Est. M, E HE Building - 3 Firemen's Ins 165 89% ! @ It provides the means of saving on Mesta Mach (1%).. a steady, easy schedule, which wage earners will not find burdensome. hundredweight. 5.75; new crop, 5.15; Frank Pire (1.10a) Glen Falls (1.60) _ Mid-Cont Pet al5e. Midland Steel Prod. | cloger seed, per hundredweight, 13.25 | a18.25. o Lm Globe & Rut Great Amer (1) Halifax (.90) _ Hanover (1.60) Midl'd Stl 1st pf(8). Minn Hon R (13)... Minn Moline Pow Minn Moline Pow pt MStP&SSMlsin Mission COrp.....e Mo Kans & Tex pf 115 Mo Pacific pf (d) Mohawk C M(a25 Monsanto C (1 Montgomery W I. % Mother Lode. . 7l| Motor Wheel 150!:). 267 Mullins Mfg pf. 4% Murray Corp @ Your money is safe, because it is invested right here in this community . « . on occupied HOMES, conserva- tively appraised ... not remotely away. Lincoln Mass Natl PFire (2) Nail lefrty l'n NY Pire (. Nor River Phoenix (2 Wash (1 aul Fire (4) Eun Life Travelers (16) ‘U 8 Fire (1.500) Westchester '(1.208) a—Including extr g—Declared or paid so far this ves DIVIDENDS ANNOUNCED NEW YORK. July 1—Diidends declared. y- Rate.riod.record. abie. lelh & El Liverpool Quoetations, e oS anree T ears Al i T o anme +l+ ® Come in and learn fully about the “Ideal Plan” of saving, We Pay 5% Compounded Semi-Annually from the date of payment to the date of withdrawal The Fidelity F FEF FFEF F ¥ + o arch = Exchange, 4.93% Wawa. & Lo “pfd. . dl *Ex dividend. 425 cents extra. $Flat. - + Baltimore Quotations, BALTIMORE. Juls 1 _uP.—Olote). eat, No. 2. red Winter. garlicky.” spot. domestic, &6; July (no quotation). 2% - % 3814 —1 381 25% + 1 102 +1 129% 12 [ 3 @ —_— DOLLAR TENDS HIGHER IN LONDON DEALINGS By the Associated Press. LONDON, July 1—The United Nash Motors (1) 415 Nat Aome Co 22 Nat Biscuit (1.60) 131 Nat Cash Reg A §0c 12% Nat Dairy Prod 1.20 1% Nat Dept Stores d).. CANNERY IS BUILT. MILLERS TAVERN, July 1 (Spe- cial) —A canning tactory is being constructed here by B. V. Moseley Co. | L+ 4+ i 4% - % 147% + % Central Hud G 8-20 8-1 law & Co’s office here, left Wash- ington Saturday for his Summer home in Maine. Richard Hatton, financial editor of the Washington Herald, has returned from a two weeks' vacation, He at- tended his class reunion at Princeton. L] 21% 16% Eaton Mfg (1)..... 29 19% Electric Auto Lite.. 6% 3% Electric Boat.....o 8% 5% Elec & Mus ind. 31 1 Elec Pwr & Light. .. 14 2% Elec Pwr&Lt $6 pf 16% 3 Elec Pwr&Lt $7 of.. 49% 39 Elec Stor Bat (3%). 3 43% 17 Nat DepSlst pf(d).. 21% - % 231 Nat Distillers (2).. 5 82 21 Nat En & Stpg (2).. % 175% 145 Nat Lead (5).... 3 + %| 16214150 Nat Lead pf (7) A.. 12% + % | 138% 1214 Nat Lead pf (B) (§) 15% + % 9% 4% Powr & Lt (800 42% — ®' 50% 40% Nat Steel (1) ) /\ 21% + % Unio: 1725 172% + % 162 162 +1 138 138 +2 Salt Creek Pmdueer- & Pap: er_ i5 8-1 7-12 7-25 Inland Steel Co.—Ingot production of company is averaging about 50 per cent of capacity, against 45 per cent 2! Y 9 19 48% aau 48% + %! a week ago. A States dollar closed cfficially cn the foreign exchange market today at 4945-16 to the pound, as compared to the closing New York rate Satur- day of 4.943%. The French franc closed unchanged at 7450 to the pound. A of Roanoke, Va. and will be com- pleted in about two months, in time for the late tomato season. The com- pany expects to can “Reba” brand to- matoes. The plant will have an out- put of 90 cans per minute, between 1,500 and 1,600 cases per day. Building & Loan Association MAIN OFFICE, 610 13th §t. N.W, 1 g r el