Evening Star Newspaper, July 3, 1935, Page 10

FINANCIAL. STOCKS END DAY STEADY T0 FIRM Steels Active and Shorts Cover on Rails and FINANCIAL. THE EVENING INTEREST CENTERS TRQ§§A(3_}‘IONS ON THE NEW YORK STO_‘C"I"(WE_ZQEQI_{IFANGE r STOCK AVERAGES Prev. 1035 Stock and e 'llh- T Dividend Rate.. Low. Close.Chge. | High. Low. Dividend Rate.. Add 00. !I‘m 1 Complled by the Associated Press. High. Low. Dividend Rate.. ll'/- 9 . North Am Co (1)... 18% + % | 38% 27% Stand Oil of Cal (1) 7% 4% Adams Express.... [ 6 =% 80 35% North Am Co pf (3). 49% + % | 27% 23 Stand Oil of Ind (1) Stockholders Here Keep Close Watch on News and A—10 #x#x STAR, WASHINGTON, D. C, WEDNESDAY, JULY 3, 1935. Add 00. High, 142 5 20 % Alleg Corp (d) 30 15 Indust. Rails, - +2 +.1 603 235 60.1 15 60 Util. Stocks. +.2 +2 329 443 327 441 41 99% 24% 22% Otis Steel pr pf. 80 Owens-Ill Glass(4). 18 B % Am Bank Note. 25% 13% Pacific G& B (1%). 9% 41 Advance Rumley. 21% 13% Northern Pacific. .. 19% + % | 50% 86% Stand OIINJ (11).. — . Market Trend. 17% 12% Starrett (L 8) a26e, 14% 9% Ohio Ofl (a1Bc)..... 67 58% Sterling Prod (3.80) 4% 1 Oliver Farm Bquip. 11% 6% Stewart-Wa 203% 11% Otis Elevator (60c). BY EDWARD C. STONE. Brokers in New York stock exchange houses here today reported some in- 6% 21 Stone & Webs 3 2% Studebaker Corp. | 75% 60% Sun Oil (11). 9% — % 121 115% Sun Oil pt (6). 1% Superior Ofl. 5 Superior Steel. crease in trading in public utility stocks as a result of the House vote yesterday to do away with the death sentence against public utility holding |companies. There is intense interest iin the outcome of the legislation, but \the situation remains uncertain and 126 144 20% 45% 384 17% 3 5% 22 29% 34 43 Am Bank N pf (3) 21 Am BrShoe (1).... 119 Am Brake Sh pf(7). 110 AmCan (t4)...... 10 AmCar& Foundry. 25% Am Car & Found pf. 22% Am Comcl Alcohol. 6% Am Crystal Sugar. % Am Encaustic (d 2 Am & Foreign Pwr, 12 Am & For Pw $6 pf. 14 Am & For Pw §7 pf. 29% Am Home Pr (2.40) 4% 315 Am Ice 3 308 5 1 7 13 301 126 139 % 126 lll‘ 126 + 138% 1!_9, + 58.1 61.6 1035 Stock and 307 .423 41.6 452 3438 51.4 PN'. Hig les— Dividend Rate.. Add 00. High. 36% 19 Pacific Ltg (2.40) 21 12 Pacific M!1l 104% 70 Pacific Tel & Tel ll) l!gh 111% Pacific T & T bt 64 Panhandle P& R Df 2% Par Public cod (d).. 21 Park Utah. 8% Pathe Exch: nm) 15 80 64% Penick & Ford (I).. 76% 57% Penney (JC)(2)..a 110 103% 5 35% = % 12% 35% 12y, 106 105% 106 +2% 132 132 4 4 132 - u % % W+ W 11% 4 4% B8 13% 80 T4ty 19% 14% Swift & Co (150¢) .. _— 9% 23% 36% 5% 124 19% 1 1031s 7 Telautograph(60c). 16% Texas Corp (1)...., 28% Texas Gulf Sul (2).. 3% Tex Pac Coal & Oil. 81 Tex Pac Land Trust 13% Thatcher M (a50c) . 214 Thermotd Co. ... . 13% Thompson Products 1% Thompson Starrett, 7% Tide Wat Asso Oll., 84 Tide Wat A O pf(6, Py ¥ FERFEF ¥ b Industrials. WHAT STOC l! DID. Ad Wednesday. 'l‘ueld-; nces Declines Unchanged Total {ssues BY VICTOR EUBANK, Associated Press Financial Writer. NEW YORK, July 3.—The stock market firmed up considerably during the final hour of trading today when Penney (J C)pf(6). Penrn RR(1)...... Peoples DS pf6%.. 4% Timken-Detroit. 28% Timken R B (11)... 47 Trausamerica (26¢) 3 ‘most traders are remaining on the sidelines until the matter is finally 37% 561 9%, 28% Am Ice pf (6). x 32 Am Locomotive pt. 4% Am Mach & Metals. 3 3 3 69% 2 GenCable... . 63% 50 Gen Cigar (14) st§el shares became active and some short covering among rails and in- 25% 17% 116% 110% 22% 114% 59% 59% s 114'% +1% - S 143 disposed of by both branches of Con- gress. The increased attendance in the board rooms recently attests the tre- 'mendous concern present utility stock- holders are taking in the new develop- mments. Every board room in the coun- try finds many investors and traders who have been carrying utility stocks for many months and have a heavy *paper loss” due to the prolonged war on holding companies. It looks now as if some kind of a truce would be reached soon. If un- necessary holding companies are placed under regulation instead of being abolished a good many market observ- ers look for a general advance in the stock market. They predict this in spite of the usual Summer lull in the big market. I B. A. Officers Nominated. Along with the announcement from Chicago that Orrin G. Wood of Esta- brook & Co., Boston, has been nomi- nated to be president of the Invest- ment Bankers' the board of Association of America mnext year, comes the report that Y. E. Booker, head of the investment firm by that name in this city and president of the Washington Stock Exchange, has heen nomi- nated for a three-year term as a member of governors. Both will be elected at White Sulphur Springs in October. . The honor has come to Mr. Booker largely because of his hard work as chairman of the Investment Bankers' Association Code Committee for this district which includes Washington, Maryland, Virginia, West Virginia. North and South Carolina. He held many meetings while the code was in force and has tried hard to retain the good features among investment houses since then. McCombs Takes Insurance Helm. » J. E. McCombs, general agent Berk- shire Life Insurance Co., was inaug- urated as president of the District of Columbia Life Insurance Association at the Willard Hotel in the presence ©f 200 members. In his inaugu- ral address, Mr. McCombs out- lined his plans for the coming year and stated he hoped to keep the selling of life insurance in the District on the same high plane it is at present. Mr. McCombs will co-operate with John A Marshall, insur- ance commis- sioner of the District. in all agency matters pertinent to the underwrit- ers of the District. Mr. McCombs is one of the best known life insurance men in Wash- ‘ington, having sold a large volume ‘of insurance over a period of 14 years here. He has held many important offices in the Underwriters' Associa- tion and as its head expects to have B very successful year. One of the new president's first bfficial acts was to appoint John P. Lynch of the New York Life Insur- #nce Co., chairman of the Publicity Committee. Mr. Lynch is a former mldem of the Underwriters' Associa- s Orrin G. Wood 3. E. McCombs p Lincoln Cuts Savings Rates. In line with similar action taken by good many banks all over the coun- try, the Lincoln National Bank has ‘Yeduced -interest rates on savings de- posits, eective July 1. In announc- ing the maximum rates of interest to be paid on savings accounts until further notice, the bank says: “On accounts showing a balance of $2500 or less, 2!z per cent per pnnum. “On accounts showing a balance of more than $2,500 and less than $5,000, 2:2 per cent on the first $2,500 and 2 per cent on the remainder. “On accounts showing a balance of more than $5.000, 2!2 per cent on the first $2,500, 2 per cent on the next $2,500, and 1'2 per cent on the re- mainder.” The board of directors has changed the by-laws relative to interest on savings accounts to conform with the new rates, the action being taken on June 27. The reason for the reduc- tion, of course, is the present low rates which the banks can earn on the money they lend. River Line Votes Dividend. Directors of the Norfolk & Wash- ington Steamboat Co. have declared the semi-annual dividend of 3 per cent, payable July 15 to stockholders ©f record at the end of June. Howard Moran, vice president of the American Security & Trust Co., is taking a month’s vacation. now being at Atlantic City. James C. Dulin, jr., treasurer of the same bank, 4s on his way home from Alaska. Donald W. Larson, who was recent- ly appointed assistant secretary of the District Bankers' Association, has been made secretary, his work com- ing under the supervision of Hilleary G. Hoskinson, third vice president of the association, and a vice president of the Riggs National Bank. Capital Transit Stronger. Capital Transit stock was stronger on the Washington Stock Exchange today, several sales taking place at 19, up from 18%. Potomac Electric Power 51, per cent preferred opened at 114 and sold up to 1143,. One hundred shares of the preferred moved at 110%. Bonds were in heavy demand again today, Capital Traction 5s selling at 97Y, Railway & Electric 45 at 105, City & Suburban 5s at 88}, and Ana- costia R. R 5s at 91, up % point and & new high for the year. ‘The Exchange will be ciosed tomor- row, July 4. and on Saturday during July and August, the Board of Gov- arnors announces. 109% A% 238 27% 164 24 26% 4TH% 144 121 Am S&R 7% 18% 43 14015 244 1204 a1 938, 14n 9 5% 18% 17% 28, 614 T0% 13% 55% 72 Am Metalspf...... 1% Am Power & Light. 8% Am Pwr & Lt $5 pf. 104 Am Pwr & Lt §6 pf. 10% Am Radiator.. 15% Am Rolling Mill 20 Am Shipbldg (2) 31% Am Smelt & Ref ... pf(T)y 12 Am Steel Foundry.. 3315 Am Stores (12). 126'; Am Sugar pf (7) 98% Am Tel & Tel (9). 7213 Am Tobacco (5).. 74% Am Tobacce R (5), Tia Am Water Works. o 4% Am Woolen... 3 Am Zinc & Lead. 8 Anaconda Copper... 1213 Anchor Cap (60c)... 36 Archer Dan M (t1). 3% Armour of Illinois. 55's Armour Il pr ot (6) 714 7 850 Dry Goods. 35% Atch To & S Fe(a2) 66% Atch To&S F pt (5) 19'; Atlantic Coast Line 21% Atlantic Ref (1)... 328, Atlas Powder (2).. 9 137 1121 106% Atlas Powder pf (6) 10s 29% 14 63 5% 15 Auburn Auto...... 51 Austin Nichols 351 Austin Npf A (2).. 3 Aviation Corp Del. . 15 17% 9% Baltimore & Ohio pf 109 100% Bamberger pf (63%) 6% 1'; Baldwin Loco (d).. 713 Baltimore & Ohto. . 5% 31 Barker Brothers. .. 40% 10% 115 19 .4() ] 222 18% 9915 2% 10% 5 1% 13% 1% 60 86% 10% 3% 1%, 23 49% 6% 6% 89% 16% 4T% 25% 10 813 80% 4T 22% 105% 3 10% 8% 31 26 43% 19% 9% 328 43% 27% 105% 131 149% 22 29 12 6% 8% 3% 14% 16% 49% 65% 132 31% 32 28% 5 16% 12 32 Barker Brothers pf. 57 Barnsdall Corp. ... 107% Bayuk C 1st pf (7). 1513 Beatrice Cre (a50c) 111 Belding-Hem (a50¢c) 11% Bendix Aviation. ... 15 Beneficial Loan 1 34 Best&Co(2).... 16 10s 80n 508 2 2 138 111 14% 19% 22% 41% 131 16 15% 36% 36 138 0% 20% 1274 126% 91 924 10% 11 23% 22% 6% 6% 41% 41% 3% 3 Lok e o o B I S I +1 27% a7y 344 u’lV, 106 30 25% 100% 18 11% 26% 92 54 3% R 26% 364 21% 12% 324, 140 51y 2% 29 108 127% Gen Cigar pf (7)... 201 Gen Electric (60c). 32% Gen Foods (1.80)... 10 Gen G&E 6%cvpf A 69% Gen Mills (3) . 26% Gen Motors ( - 1071 Motors pf (5).. 17% Gen Print Ink 1.60. 93% Gen Print Ink pf (6) 15% Gen Ry Signal (1).. 14% Gen Real &U pf ww 16% Gen Refractories. .. 16% Gen Refracctfs.... 14 Gen St) Casting pf. 12 Gillett Saf Ras (1). 7014 Gillett Stf R of (5). 18 Gimbel Bros pf..... 28% Glidden Co (11).... 10474 Glidden Co pr of {7) 14% Gold Dust (1.20)... 715 Goodrich (B F) .. 15% Goodyear T & R.... 70 Goodyear §7 pf (4). 215 Gotham Silk Hos: 1% Graham-Paig 5% Granby Cons 18% Granite City Stl (1) 26 Grant (WT) (11).. 9% Great Northern pf. 9% Great Nor Ore (50¢c) 26% Grt West Sug (2.40) At o P 119 Grt West Sug pf(7) 110s 5 3 1 20% Greyhound Corp. .. 1 Guantanamo Sugar 21!, Hackensack W (1% 101 1391 141 25% 25% 1++ 14+ 106 Hanna (M A)pf(7). 100s 21% 16 Harb Walker (1) 7 9% 5% Hat Corp of Ame; 1 37 1% Hayes Body. 1 162 1425 Helme (G W)p£(7). 10s 25% 11 Hercules Mot (60c) 12 2% 1 13 2% 104 121 106 106 A% 4% 4y 89% 37Tu £y 8y 110% 109% 16% 154 118 14% 18k 40% 21% Bethlehem Ste 55% Bethlehem Stl pf. 14% Bigelow-San Corp 9% Blaw-Knox 16% Bloomingdale HOC) 61 Boeing Afrplane. .. 41% Bohn Alum&Br (3). 90 Bon Ami (A)(14).. 21 Borden Co (1.60)... 281, Borg Warner (1%). 8l Bridgep't Brass 40c 2415 Briggs Mfg (2). 30% Bristol-Myers (12) 3615 Bklyn-Man 'r (3). 43 Bklyn Union Gas(5} 3% Budd (EG) Mfg... 24 23 Budd (E G) Mfg pf. 810« 213 Budd Wheel . 17 8% Bullard Co........ 3 134 Burr Add M Mflc\.. 12 1 Bush Terminal (d). 1 33 California Pkg (1% '3 Callahan Zine. 213 Calumet & Hec! T's Campbell-Wy (a20e) 8% Can Dry G A (40c). 9% Canadian Pacific., 30 Cannon Mills (2). 3213 Cap Adm pf A (3) 45% Case (J 1) Co... 8313 Case (J 1) pf (4) 36'5 Caterpillar Tr(t! 1915 Celanese Corp. . 1% Celotex Co vtc (d 388 Cerro de Pasco (4) .. 37% Ches & Ohio (2.30) . 36 Chesapeake Corp(3) % Chi Mil St P & Pac. . %, Chi Mil StP&Pac pf. 1% Chi & Northwest. .. 4% Chi Pneumatic Tool 20 Chi Pneu Tool nf... 1 ChiRI& Pac(d).. 3'3 ChildsCo .. .. 31 Chrysler Corp 1), 20 City Ice & Fuel (2). K7 City lce & F pf 6%. 121 Clark Equip (80c).. 27% Clev Graph Br (1), R 16174 Coca-Cola (8). .. 15 Colgate-P-P (6Uc). 9 Collins & Alkman. . 69% Collins & Alk pf (1) 12 Colo Fuel & Ir (d).. 5 ColoF &1pf (d) 4908 3% Col Gas & Elec. . 216 35% ColG& Epf A (6). 4 34% Colum Picvte (t1) 14 67 €olum Carbon (4) 3914 Comc) Credit (2) ¢ 112" Comel Cred pL(5% 56% Comcl Inv Tr (12).. 17% Comecl Solv (t60¢c). . % Comw & Southern.. 29% Comw & Sou pf (3). 27 Congoleum-N (1.60) 71 ConCoprpfww6%. 60s 15% Consol GasN Y (1). 79 72% Consol Gas of (6).. 2 1% Consol Laundrie: 613 Consol Of1 215 Consol R S 1 Consol Textile..... 8% Container Corp (A) % Contl Baking (B).. 46% Contl Baking pt (4) 62% Contl Can (2.40)... 7 Contl Dia F (a30c).. 28% Contl Ins (11.20)... 1 % Cont| Motors. 2 15% Contl O Del (a37%e 41% Corn Ex Bk&Tr (3) 62 Corn Prod Ref (3). 4% Coty Ine...... 4 36% Cream of Wh ( 1).. 1 12% Crosley Rad (a25¢) 1 43% Crown C&S pf(2.70) 1 14 Crucible Steel..... 12 5 Cuba R Ropf. 40s 5% Cuban-Am Sugar.. 40% Cuban-Am Sug pf. 40 Cudahy Pkg (2%). x 15 Curtis Publishing.. 1 891 Curtis Pub of (7).. 4 2 Curtiss Wright.... 19 6% Curtiss Wright (A) 17 e 3 10 40- 17 2 0 2 4 2 2 1 8 4 1 56 12008 26 17 2808 2 6 Davega Stores 22% Deere & Co. 19 Deere&Co pf ($40¢) 234 Delaware & Hudson 11 Del Lack & West 65 Detroit Edison (4). 26% Diamond Mat (t1). 341» Dome Mines (12)... 17% Douglas Aircraft. . 5 86% Du Pont de N (2.60) 103 126% Du Pont deb (6)... 1 110% Fastman Kod (5)... 16% Eaton Mfg (1)....0 19% Electric Auto Lite. 107 Elec Auto Lite pf 7. 3% Electric Boat. .. 5% Elec & Mus ind. 1% Elec Pwr & Light. 2% Elec Pwr&Lt 36 pf. 3 Elec Pwr&Lt$7pf. 29 39 Elec Stor Bat (3%) 3 52% Endicott-John (3).. 8 125% Endicott-John vf(7 100s 14 Eng Pub Sve $6 of. 2 14% Fng PS$560pf ww 4 15 Evans Prod (al)... 8 2 Exchange Buffet... 120s 9 40 146 10s 5 7 26 13 22 17 Fairbanks-Morse. . % Fed Water Sve (A), 28% Fid Ph F In (11.20) 13 Firestone (40c)....x 841 Firestone pf A (8). 45% First Nat Strs(23%) 19 Florsheim (A)(1).. 19% Fourth Nat In 4% Fuller Co 24 of, —_— 38% 19% 138 32%.Gen Am Trans(1%) 11% Gen Asphalt. 7% Gen Baking (60¢! 116 Gen Baking pt (8).. Gen Bronze. ciems ce 484 24% 3% BT% 43% 42 K 13 1 2216 215 216 165 17% 983, Y 102 129% 129% 129% + 3 1464 146 21% 23% 22% 23% + lth 110% 110% + lo- llo m 130 6% 39y 81y 1100 15% 1% 147 185 40 4+|J+|4+++ EREIE FEPETES [ EOERE FEFFEFFEE FT Sy ® FEFFF e TN+ 6% 274 + Y 24% - W 2915 14% — % 92 -1y 321 381 — 24% — 103+ 146 22 &+ A% — % FRFF FFeEr FEEE 6% - % 38% - % 1% - % 8% - % -3 6% + W ) 85% 1143 9% 11 40% 154 1% 56 54 71 Hereules Pw (13)... 104 Hershey C pf (14).. 5% Hollan®*Furnace. .. 6% Holland & Son (50¢) 807« Houd-Hersh A 2% .. 613 Houdaille-Hersh B. 914 Houston Ol . . 43 Howe Sound (3) 2% Hudson & Manha % Hupp Motol 915 Ilinots Central 231, Indus Rayon (1.68 46% Inland Steel (2).... 2'z Inspiration Copper, 8% Interboro R T (d).. 41 Interlake Iron. ... 28, Int Agricultural... 26 Int Agricul pr pf 149% Int Bus Mach (16).. 3% Int Carriers Ltd 20e 227 Int Cement (1).... 3414 Int Harvester (60c) 135 Int Harvester pf(7) 13 Int Hydro Elec (A). 224 Int Nick Can (60c). % Int Paper & Pw (B) * Int Paper & Pw (C) 2113 Int Print Ink (1)... 9815 Int Print Ink pf (6) 9l Int Rys Cent Am pt Int Shoe (2). 17 Int Silver... 6015 Int Silver pf 6l Intertype uzoe). . 25 1sland Creek C (2). - 5% 3 12% 127 1214 11 F0Tn 17% 321, 113% 2415 28'y 32% 42% 1% 213 22 140 1% 14% 19% 47% 18% 110 3813 Johns-Manv (a25c) 50 Jones&Laugh 7%pt 7% Kaurm'n D S(asUc) 15% Kayser(J)& (o 60e. % Kelly-Spring T (d). 6 Kelly ST (% pfid). 6 Kelsey-Hayes (A). 3% Kelsey-Hayes (B). 12% Kelvinator (t50¢).. 13% Kennecott C (60¢). 23 Kinney (G R) Co pt 19% Kresge (8$8)(1) 56 Kress (S H) (1). 22' Kroger Gr&Bk 1 6 1 Laclede Gas St L, 24 Lambert Co (3). 8'5 Lee Rub&Tire (60c) 515 Lehigh Val Coal pf. 5 Lehizh Valley R Ro 67'4 Lehman C (12.40).. 14 Lehn & Fink (1%). 2113 Lib-O-Ford G 1.20. 21 Life Saver (1.60).. 93% Ligg & Myers B(14) 13'3 Lima Locomotive.. 17% Link Belt (80¢). 24% Liquid Carb (11)... 31% Loew's Ine (2) 1 1% Long Bell L\lm (A) 1843 Lorillard P (11.20). 124 Lorillard P pf (1).. 14 La Oil Ref (d).. 4% La Oil Ref pf (d) 10% Louisv G&E(A)1 34 Louisv & Nashv(3). 12% Ludlum Steel...... 90% Ludlum St pf (6%) ———— 16 35% 13 12% 76 45% 11615 8 16% 941 39% 19% % 8% 31% 151 18% 1T% 4% 40 McAndiews&F(12). 28 McCall Corp 2)... Tl McCrory Stores(d). 6% McCrory Strs B(d). 57% McCror! 36% Mcintyre Porca (2) 9015 McKeesport T P (4) 57 McKesson & Rob. .. 812 McLellan Stores 85% McLellan Stores pf. 18% Mack Iruck «1).... 3015 Macy (R H)& Co(2) 513 Madison Sq Garden. - 18% Magma Copper (2). 5 Mallison & Co pf 4% Marancha Corp. 5% Marine Midld (40¢) *-Market St Ry...... 3% Market St Ry pr pf. 20 Marlin-Rockwell(2) 6% Marshall Field.... 23% Mathieson Alk(1%) 33 Maytag pf ww $2% 3215 Maytag xw (3234). tag 18t pt (6) . ville Shoe (2 Merch & M Tr(160) 24 Mesta Mach (1%).. 915 Mid-Cont Pet albe. 8% Midland Steel Prod 60t Midl'd Sf1 1st pf(3) 3% Minn Moline Pow. . 31 Minn Moline Pow pf 1 MStP&SSMof.. 1% MStP&SSMisin 10% Mission Corp. 2% Mo Kans & Texas. 5% Mo Kans & Tex of.. 10% Mohawk C M(a25¢c). 21% Montgomery Ward. % Mother Lode . 17% Motor Products (1) Tt Motor Wheel (50¢). 7 Mullins Mfg. 36% Mullins Mfg pf. 4% Murrav Corp. 30 Myer(FE)&C 11 Nash Motors (1) 4% Nat Aome Co.. 6% Nat Aviation . 22% Nat Biscuit (1.60) .. 141% Nat Biscuit pf (7).. 13% Nat b Reg A §0¢c 12% Dairy Prod 1.20 1% Nat-Dept Stores d) . 17 Nat DepSist pf(d). 23% Nat Distillers (2).. 21 NatEn & Stpg (2). 4% Nat Powr & Lt (80¢ 40% Nat Steel (t1). 9 Nat Supply Co..see 36 Nat Supply Co pf.. 8% Nat Tea (60c).. a P 00 e » 8 o S w0 SR 0 bk i e 6 00 @ ws g fi“uk. ~2¥ Ewo e n ot 139 kel 6% 18! 41 174 110% 43% 33% e e 5% 403 114 P> TR T - 25 #rEee wEs V1 0+ 411 +++ 347 115 200 394 4% Peoples Gas Chi 0l Corp. Phila & Read C& Ia 4 Philip Morrig (1)... Phillips Petrol (1) Rierce Oll...... Pierce Petroleum. Pitts Coal... Pitts Steel pf. Pitts United Corp. Pitts United C pf... Plymouth Oll...... Porto R Am Tob B. Postal Tel&C pf(d). Pressed Stl Car(d).. Pressed Stl C pf(d), Proc & Gamb (13%). PubSve NJ (2.40).. Pub Sve N J pf (5). PubSve NJ ptf (6). 4 Pub Sve NJ pf (7). Pullman Ine (3) Pure Oil. >ure Oil 6% p >ure Oil 8% pf !b. Purity Bakeries (1) » FORNNRANAR R0W BN 1 24% 6% % A 6y 42% 203, 4 Radio Corporation.. 50 Radlo Corp pf A 3% 35% Radio Corppf B.... 1% Radio-Keith-Or(d). 4% R R Sec lllCent. ... 16'3 Raybestos-Man (1) 2974 Reading (2). 31 Real Silk Hi 20% Real Silk Hos pf 7 Remington-Rand. . 71% Remington: 2% Reo Motor 9 Republic Steel 32 28% Republic Steelpf.. 21 28 Repub Steel pfcod.. 1 75 RevereC& Bpf.... 10s 17'3 Reynolds Metais(1) 1 101 ReynldsMet pf 5% .. 121 Reynolds Sp (740 55 431 Reynolds Too B (3) Roan Antelope Ltd. 2913 Roy’l D b1.35 3-10c. 3 Rutland RR pt. 46 36% Safeway Stores (3) 10 1131 104% Safeway Strspf (§) 3us 21% 10% St Joseph Ld (40c). 2 9% 6 SavageArms...... 16 30% Schenley Distiller: Schulte R Strs pf seaboard Air L (d). hoard A L pfid). Seab'd O Del (160c) Sears Roeb’k(a75e) Sec Nat Inv pf $1% 3 25 1708 ell Trading » Shell Union Uil Shell Union O1l pf.. Silver King C (40c) Simmons Co....... Simms Pet (a50c). 3 Skelly O1l....... Sloss-Sheftield pf. .. 15% Snider Packing. ... 11 Socony-Vac (60c).. 20% 10% South Cal Ed (13). 28% 20 Sou Porto R Sug (2) 149 132 Sou Porto R S pf (§ 19% 12% Southern Pacific. .. 151, 6 Southern Rallway.. 20% 8 Southern Rwy pf... 5% 3% Sparks-Withington 10% 7% Sperry vtc (a2le).. 123, 8% 448, 334 7912 43 19 13% an 1 5a 1% 101 18% 11% 35% 20 15% 208 73 76 23 27 Spicer Mfg.. . 2 Spicer Mfg pf (3)..x 208 Spiegel-May-Stern. 11 Stand Brands (1).., 28 Stand Gas & Elec. 8 Stand G & E $4 pf.. 4 4% Stand G&E$6Df.. 1 6 Stand G & E 37 pf.. 2 1 Stand InvCorp.... 11 3% + 4 9% — a4 16'3 + W 40% +1 2 - 50% + % 32% 9B 164 39% 2 50 203 B 3% T1% 9o United United 4 United Us us uUs us U& T% Trans & West'n Alr. 1% Tri-Contl Corp. 36 Trico Prod (2%) 4% Truax-Tra Coal. 3% Truscon Steel —_—— 63% Und-Ell-Fisher (2). 29 Union Bag&Pap (2) 20% Un Tank Car (1 2’-7). 9% United Ajrcraft.... 46 United Carbon 2.40. 1'3 United Corp... - United Corp pt (3). United Drug... . United Elec Coal... Unit Gas Imp pf(§). Unit Piece D W pf.. U S & For'n Secur.. U S Gypsum (1).... U 8 Ind Alcohol (2) Leather(A) vte. S Pipe & F (50c). Realty & Imp.. Rubber.......e USRubber 1stpf.. 3 nelt & R (a6) .x eel.... U S Steel pf ( U S Tobacco (15 4+ EREE FH FF L++4+ +1 ¥ + Fruit (3)... Gas Imp (1) Pce DW.... 38 3113 106!y 34 334 88 8Tl 132% 132% 8 107 United Stores (A). 51 Univ Leaf Tob (12). 133% Univ Leaf T pf (8). 1% Univ Pipe & Rad... 12 Univ Pipe & Rad pf 1 UllPwr&Lt(A).. _— 15 Vadsco Sales Corp.. 11% Vanadium COrp.ess 11% Van Raalte. 34 Vick Chem ( 17%2 Va-Car Chem 6% pf Walgreen Co (1.20). 4%, 1 64'3 1081485 3 14 208 12 2% 641y 1481 43, » Wilson Wilson 2% Yellow 31% Yellow 4% 4z 13 & Fr 213 4 Approximate Sales 11:00 AM.. 1:00 P.M... b4+ 4 TEREF + declarations. sUnit of trading extra. | year % 4 — % | xEx dividend Walworth Co...... Ward Baking pf (2) Warner 'Bros Pic... Warner Bros Pic pf 160 Warren Bros. . Warren Fdy&P u). 1 Wells Fargo. Wesson &S (150¢). Wesson O & S pf 4. 2 West Pa Elec pt (6) West Pa Elec ptf (7) West Pa Pw pf (6).x17 West Pa Pw pf (7).x 108 Western Maryland. 1 Western Union.... Westingh'se AB60C 2 Westingh 'se Elec. 68 Westh'se 1st pt 3% 2308 Wheeling Steel White Motor.. Woolworth 25's Worth Pump pf A.. ——— ——————— 18 Young Sp& W (11) Youngstown S&T.. 38% Youngstwn S&T pf. ——— 1% Zenith Radio.. 2% Zonite Products. .. 390,000 Total sales for the da | Dividend rates as siven in the above table are the annual cash payments based on the latest quarterly or half-yearly $Accumulated dividends dCompanies reported in receivership or being reorganizea. 7 4 9 4 1 1 5 1 1 7 a 10s 21 308 08 26 & Co (al & Co pt 41 3us Truck...... Truck pf... 12 108 of Stocks on the N. 200,000 12:00 Noom... 2:00 P.M. | ares. tAnnual rate pius | id this year. bl | iess than 100 s aP; I cago Grain I ! By the Associated CHICAGO. Juh 3. —Tomorrow’s holiday, with possibilities of surprise developments euher \\ay while Amen- can exchanges ar osed, kept grain markets today m relamely uen Ppoise. Black rust fears were about offset by likelihood of increased hedging pressure here soon from newly har- vested Winter wheat in adjacent ter- ritory. In the end prices showed no decided trend. Wheat closed steady., % off to 3 up compared with yesterday’s finish, September 8675-87; corn %s-13g down, | September 75%x-1;, oats at 3g-% de- cline and provisions unchanged to a rise of 2 cents. WHEAT— Open. July ___ . 1345 1542 1265 1262 Chicago Cnh Market. Cash wheat sample grade red new garlicky, 80; No. 2 mixed, 91; corn No. 5 mixed, 79':; No. 1 yellow, 84':; oats No. 1 white, 39%,: No. 2 white. 38; no rye; no buckwheat; soybean No. 2 yellow, 78; net track country stations; barley, feed. 45a50; malting, 60a1.00; timothy seed per hundred- weight, 5.75; new, 5.25; clover seed, per hundredweight, 13.25a18.25. Liverpool Grain Prices. LIVERPOOL. July 3 (P.—Wheat fu- tures closed barely steady. l:xch:nn, 403, Baltimore Quotations. ORE. July 3 (#.—Close, wheat. Red Winter, spot domestic, July, %9 (nominal CHICAGO LIVE STOCK. CHICAGO, July 3 (® (United States Department ' of ~Agriculture).—Hogs. 10, 7.90- u m SLIGRELS enrly oh fed steers and vearhmms, Liberal water-fills considered. ~ Market Tow Slowin up: Light yearimes., helers and mixed yearlings getiing best action. All heifers. "cows and vealers strong to unevenly higher. Cows firm. higher in instances. Best weighty fed steers early 12 ng yeariings, 11.50. Heifers, 1 Sheep. 8.000. earlings strong Bulk native 1am tide paid lreelv b ali erests. P nurg zg. yearlings, 5.75+6.15. 841 | SALES DRIVE DUE ON REFRIGERATORS Dealers Expect to Cash in on High Temperatures of Next 60 Days. BY JOHN A. CRONE. Special Dispatch to The Star. | 'NEW YORK, July 3—With high | temperatures promised for at least S¢ the next 60 days, dealers of electrical | refrigerators, starting their Summer | sales drive next Monday, plan to cash | e in on the sun’s rays and recoup some of the business lost during the cold and rainy days last Spring. | Although electrical refrigerator 1 | manufacturers stepped up operations |25 per cent during the usual produc- |tion season and prices per unit were ® | the lowest in history. due partly to “bootlegging” operations, sales were not up to expectations. Electrical refrigerator sales in the | first half of this year are estimated by the trade at 1,149.462 units. compares with 1,003,574 in the first half of 1934 and 666,750 in the first half of 1933, Second-quarter sales this year, estimated at 716.931, com- period and 554,107 in the 1933 period. The trade has not vet gathering of May statistics, figures of/the second quarter and first half of the year are rough guesses. Salesmen in the larger cities, espe- cially in the North and East, are hope- ful that temperatures during July and August will equal, if not exceed, those prevailing in 1933, when refrigerator sales were 203,819, as against third- quarter sales last year of only 240,021 units. With the incentitve to preserve food stronger than in 1933 or 1934, sincd average prices are higher, and with refrigerator prices lower and install- ment financing more easily arranged, refrigerator salesmen have many points in their favor as they attempt | to hang up a record for third-quarter sales. (Copyright. 1935.) GUARANTY TRUST GAINS. NEW YORK, July 3 (®.—The statement of condition of the Guar- anty Trust Co. as of June 30 shows deposits of $1,412,601,413, largest in .| the history of the company, which compares with deposits of $1,268,- 883,103 on March 31 and $1,203,475, 411 a year ago. . MONEY MARKET. NEW YORK, July 4 Y4 per’cent ail day. Time loans } 60-90 days. Ya offered: 4-6 mnnu-g‘ | Prim mercial pape: »! balcs. including ‘4.100 American This | pare with 789,639 in the same 1934 | completed | so the | (.—Call money | New York Cotton By the Associated Press. NEW YORK, July 3.—Cotton was quiet today with pre-holiday realizing or liquidation and scattered selling promoted by a favorable view of | weather and crop conditions absorbed by trade buying and covering. The mid-afternoon market was fairly steady with October selling at | 11.66 and with the general list show- ing net losses of 2 to 6 points. The market rallied toward the close on active covering and trade buying. Putures closed very steady. 6a12 higher. Hish, | January March i May - 22T 1uss Spot steady: middling. 12.45. Cottonseed Oil. Bleachable cottonseed oil futures | closed steady. July, 9.80b; September, 10.04; October. 10.03b; December, 9.95- 19.96. Sales, 40 contracts including | | switches. b—Bid. Liverpool Quotations. RPOOL. July 3 @ —Cotton. 5.000 Spot in | good demand. but business moderate; prices | points higher: auotations in pence. Amer. good middling. 7 45. good 15: strict middling. 7.00: mid- strice low middling. 6.85: low strict good ordinary. 6.40: good ordinary, 6.10. TFutures closed qui and steady. July. 6.55: October. # December. 6.16; January, 6.15; Mal 6.14; May. 6.12. LIVERI middiine 'Holders Will Vote On Libby, McNeill Recapitalization | By the Associated Press. CHICAGO, July 3.—Directors of Libby, McNeill & Libby have called a stockholders’ meeting, to be held July 30 at the company’s offices in Port- land, Mg, to approve a plan of re- | capitaliZation and authorize the issu- ance of up to $15,000,000 in refunding bonds. E. G. McDougall, president of the company, said the directors adopted a plan to “improve the capital struc- ture and reduce the burden of pre- ferred dividends.” The plan, in part, provides for re- placing 97,300 shares of 7 per cent cumulative preferred stock with the same number of shares of 6 per cent stock and the settlement of dividend |arrears of $2,724,400 by the issuance \ot 16 shares of no par value common | stock for each 5 shares of the new preferred. . METAL MARKET. NEW YORK. July 3 (@ —cngver quiet: electrolytic. ;'w; apd futire "Sn00. ex, steady; _spot and future. 51.35. Iron quiet, Yiaed. " Lead steady: New York. § on 4T0; East St. Louis, PR 00, Zin st St. Lou! t and future. 4.0, Aliminum, 19 00-22.00. "Antimony. spot, 12.75. Mid-Continent Petroleum Corp.— Common share earnings, 5 months ended May 31, were 13 cents, \ \ | Frank Fire | Glc dustrials converted fractional losses into modest advances. The closing tone was steady to firm. Sales aggre- gated 610,000. After moving about uncertainly throughout :he forenoon, mostly in consequence of preholiday apathy in Wall Street, some good-sized blocks of steel shares brought the market back to life in the final hour and closing prices were around the best of the day. Wheat and other grains re- mained indifferent and cotton was about a standoff. Corporate bonds were mixed znd foreign exchanges were without feature. Leaders showing net gains of frac- tions to a point included Allied Chem- ical, Du Pont, American Can, Colum- bian Carbon, Marine Midland, Com- monwealth & Southern preferred, Northern Pacific, General Motors, Electsic Auto-Lite, Timken Roller | Bearing, Briggs Manufacturing, Amer- ican Tobacco, American Telephone, Consolidated Gas, Republic Steel pre- ferred, Inland Steel, Ludlum preferred. U. S. Steel, Bethlehem and Standard Oil of California. Late news included a collection of individual carloadings reports on rail- roads for the week ended June 29, which tended to bear out earlier pre- | dictions that combined loadings for | the week, to be made public at noon Saturday, would compare favorably with those of the previous week, and possibly break even with those of a year ago. INSURANCE STOCKS NEW YORK. July 3 @ —New York Security Dealers' Association Aetna Cas ¢ - ol Aetna Fire (i Aetna Life ¢ Agricultural ZERIT) n Falls (1.60) Globe & Rut a Great Amer (1) _ Halifax (.60) Hanover (1.60 Hartford Pire Heme Fire Sec Home TIns (2.10a) Homestead (1) Lincoin, Pire ‘a) Including extra: (%) Declared or paid so far this year. NEW YORK BAR SILVER. NEW YORK, July 3 (#)—Bar silver steady, '« lower at 693. Have Your Drinking Water COOLED FOR SALE OR RENT ELECTRIC WATER COOLERS T én Old anc\ Tested A Savings Account Never Has a Holiday . . . Never Wants a Day Off! —It works for YOU, uninter- ruptedly, without complaint . . . day and night . . . year in and year out! ® A Savings Account, with “The Fidelity,” offers you both Safe Saving and Increased Profit. ® Your funds are Exempt from Personal Intangible Tax. We Pay 5% Compounded Semi-Annually from the date of payment to " the date of withdrawal The Fidelity Building & Loan Association MAIN OFFICE, 616 13th St. N.W, e \