Evening Star Newspaper, July 8, 1935, Page 14

FINANCIA STOCKS ARE FIRM ATSESSION'SEND Steels, Tobaccos, Special ties Rise With Implement and Mail Shares. WHAT STOCKS DID. Mondlz sl(\"dl;’ is2 180 614 FINANCIAL, TRANSACTIONS By srivate wire direet to ° The Star. Prev. 1935 Stock and High. Low. Dividend Rate. Adaoo lfih. 37% 32 Abr& Strauss (11)- mn 55 51 Acme Steel (12) 55‘6 7% 4% Adams Expres: ll 6% 331 28 Adams Millis 32 11% 8 Addressog’h(a 1% 3 9% 6 147 145% 147 + h 14 17% 16% 16% — T THE EVENING STAR, WASHINGTON, D. C ON THE NEW YORK STOCK EXCHANGE 1995___ Stockand = Sules 1935 Stockand Sales— Low. Dividend Rate. Add 00. Low. ividend Rate. Add 00. High. 28 MeCallCorp (2)_._. 1 i 20% Seab'd O Del (160c). 11 2915 7% McCrory Stores (d). 19 31 Sears Roeb'k(aTsc) 175 474 6l McCrory Strs B (d). 2 40 Sec Nat Inpf(f1 52% 7% McGraw Hill Pub__ 1 7% Servel Inc____ 9 5% 365 McIntyre Porcu (2) 4 9 Sharon Steel Hoop 1214 90% McKeesport TP (4) 3 74 Shattuck(F G) (25¢) 8 5% McKesson & Rob___ 20 20% Shell Trading (b75c) 32 McKesson & Rob pf. 2 5% Shell Union Ofl___. 8% McLellan Stores... 32 63% Shell Union Oil pf. 85% McLellan Stores pf. 210s 8% Silver King C(40c) - ;‘!’% :lck Tmfiki}é,v. 13 6 Simmons Co. % Macy (R H)& Co(2) 19 4 Bkelly Ofl_ 1%% Magms Coppax (2)- 1 13" Sloas sheieia Sl ee i65 24 Sloss-Sheffleld pf. allison opf_ _ s 20 MazhacBhict(86c) 1139 10755 St A 1ns DI 15 U8 MEckRetmC iRy 28% 20 Sou Porto R Sug(2) 5% Marine Midld (40c) . 20% 10% South Cal Ed (1%)- 33 Market St Ry pr pf 7a ifi 20 Marlin-Rockwell(2) ::l 12')1 :g:t:::: :.:’:lwcly 6% Marshall Field 208 Southern Rwy pf 23% Mathieson Alk(1%;) 33% zz So Ry M&O ctfs (4) 35% May Dept Str (1. 60) 7% b5 Spalding (AG)- 5 Maviag Co__ 5% 314 Sparks-Withington 3 S 11 (1.60). i1 Meivilie Shos (334). 56% o e Gl 12% 81 Spicer Mfg____ 44% 33% Spicer Mfg pf (3)_- 9% 437 Spiegel-May-Stern_ 194 13% Stand Brands (1) 4% 1 Stand GufElec{ 5% 1% G&E = 1;”: :‘: g‘l:‘:x‘; ((‘} : Ez‘fi 'l‘:'__ 1a| The market apparently still was 16 6 StandG&ES$Tpf 3 B * | paying little attention to Washington, 387 273¢ Stand Oil of Cal (1) 35 2| business and trade trends absorbing 116 111 Stand Oil Exp pfT5) | most of Wall Street's attention. 27% 23 Stand Oil of Ind (1) .| The American Iron & Steel Institute 5012 35% Stand OIINJ (11) 18% 124 Starrett(L8)(a25c) l‘ Iesnmaled current mill operations at 67" 58% Sterling Prod (3.80) 35.3 per cent of capacity against 32.8 124 6% Stewart-Warner___ per cent in the past week. which in- 6': 215 Stone & Webster | cluded the Independence day holiday. 4 2Y% Studebaker Corp Grains rallied but cotton slipped. 7<.-, 6012 Sun Oil (11)_ Bonds were mixed. Foreign exchanges rl:- ;:p:;::; g:;;y advanced against the dollar, sterling 3 l;eu(oo' g recording a new 1935 top. 10 Bt & Co (1080) | Many equities made new highs for | the year. Issues up 1 to 3 points or 50 included United States and Bethle- hem Steel common and preferred: Jones & Laughlin, Republic Steel, Acme Steel, National Steel, American Rolling Mill, American Can, Bullard International Harvester, Montgomery Ward, Sears Roebuck, Case, Allied Chemical, Du Pont, Electric Auto-Lite and Briggs Manufacturing. General Motors and Chrysler were ahead frac- tionally. ‘ The mail-order department was 4 1, | especially active as reports of expand- ing sales reached the commission "A-14 wyx ONDAY, JULY 38, BANKERS NOTIFIED OF NEWU.S.ISSUE Applications From D. C. Area Will Be Received by Richmond Reserve. BY EDWARD C. STONE. All banks in Washington received notices today from the Federal Re- serve Bank of Richmond regarding the new $500,000.000 offering of United States Treasury 13 per cent notes, to be dated July 15, 1935, and due December 15, 1939. 126 119 Am Brk Shoe pf (7) Applications from banks and trust | 144 110 Am Can (14) companies in this area will be re- 10 Am Car & Foundry.. ceived by the Richmond bank with- 52"’ :2 (q:{c{: 1'(‘3;))! pES out deposit, but will be restricted to s e D one-half of each institution’s com- 612 Am Crystal Sugar_. bined capital and surplus, the notice % Am Encaustie (d)_. says. Applications from other sources 2 Am & Foreign Pwr_ must be accompanied by a deposit of 12 Am& For Pw $6 pt. & per cent of the amount requested. }5 :m f“]:’g'::;: pf- The notes, which will not be sub- 201 Am Home Pr (2.40). Jected to call for redemption prior to 31, Am Ice__ the date of maturity, will be issued in denominations as small as $100 and as high as $100,000. Most of the money raised by the Treasury through the note sale will be used in the Governiffent's huge works admin- istration projects mow getting under way. Bankers here today said they would secure the new notes for any cus- tomers desiring them. They added, however, that it was too soon to tell how many of the Treasury notes might be wanted by the banks or their customers. They called atten- tion to the very low rate offered, which means an equally low return to investors in spite of the tax exemp- tion features. Bank Examiners Meet Demands. With few exceptions State bank commissioners have informed the State bank examiners of the attitude of the controller of the currency re- garding the mutual mortgage insur- ance plan of the Federal Housing Ad- ministration and instructed them to act accordingly. Because of the insurance provided Net. 36 36 + % 55% 68% +4k Low. Close. cnu 29 291 454 47 m? Low. Close. chx' STOCK AVERAGES 18 9% 15 9% 413 Advance Rumley 146% 1043, Air Reduction (13)- 20's 15% Alaska Jun (160c) 1% 3 Alleg Corp (d) 6% 1% Alleg pf xw (d) ___. 30%s 21 Allegheny Stl (1)__. 156% 121 Allied Chem (6) 6l s 59 23% 20% 70% 57% 281y 15 159% 156% 159% 4 4% 59 60% 23% 24% 17% 18% 64 64 441 44u 27% 12 Allis Chalmers Advances _ 14 Alpha Port Cmt (1). 4815 Amerada Corp (2) . 41'a Am Ag Cem Del (2). 13% Am Bank Note 64} 43 Am Bk Note pf (3) .. 327 21 Am Brk Shoe (1)___ 242 239 184.3 618 * New 1935 high. 0 B Compucu 0y the Assocrated ’M 18% 641y 44% 28 62 62 2 32 81% 30s 126% 126 18 141% 140 15 18% 17% 18 43y 90 25% 14% " A% 20% 26 22% 33% 315 a 13% 471 2315 Total issues - TH8 BY VICTOR EUBANK, Associated Press Financial Writer. NEW YORK, July 8—Steady buy- ing of steels, tobaccos, industrial specialties, mail order and farm im- plement issues gave today's stock market a decidedly bullish appear- ance. All groups did not participate in the ++ | forward push, but the closing tone was , | frm. Transfers approximated 1,200,- 1| 000 shares. 65 Stock and Sales— . Dividend Rate. Add 00. 40% Cuban-Am Sug pf.. 220s 40 Cudahy Pkg (2%).. 5 15 Curtis Publishing.__ 1 8915 Curtis Pub pf (7) ‘2 2 Curtiss Wright__ 6 6% Curtiss Wright (A). 35 22 16 Cutler Hammer.__. 6 —_— 31 22% Deere & Co 26 19 Deere&Co pf (140c). 4313 231 Delaware & Hudson ' 194 11 Del L-ck&lwu:z”,. 9413 65 Detrolt Edison fral L L = %% Dev 7 » Mo Kans & Texas 158 L8t Diamona Mat 110 : 141 « 5% Mo Kans & Tex pf 431x Dome Mines (t2) a 30N 1% Mo Tacinie (4) % Denunion Store 16% 10 Mohawk C 31 (a250) 171, Douglas Aircraft 255 + 4| oo eR S oneanto C (1).. S6% Du Eontas NG .0) AUB e 30'; 21% Montgomery Ward _ 6 + Y 29% 17' Motor Products (1). 150% + 8| 11% 7% Motor Wheel (50c). 1570+ 1y| 12% 7 Mullins Mfg _ 22% + % 24% 1% High. Low. Close. Chge. 70 T0% — % 41% s 18% 103"% 2% T 20% 24'% Mesta Mach (1% 9%, Mid-Cont Pet(llfic) 8% Midland Steel Prod . 60 Midl'd Stl 1st pf(8) 58 Minn Hon R (13)__ 111% 105 Minn Hon R pf (6) - 5% 3% Minn Moline Pw 55% 31 Minn Moline Pw pf_ 16% 10% Mission Corp .- - - 28Y% 34 25 254 6 2 EEE T T PN P T 413 Am International 9 Am Locomotive. __ : 32 Am Locomotive pf 18t Am Mch & Fy (80c). 41 Am Mch & Metals _ 13 Am Power & Light._. 814 Am Pw & Lt $5 pf__ 10'c Am Pw & Lt $6 pt 10'; Am Radiator 15% Am Rolling Mills_ 413 Am Seating vte 20 Am Shipbldg (2) s 31% Am Smelt & Ref _ . 103 AmS&R 6%pf $13% 2 184 llll: 63 AmSnuff (13). . 1 4% TN 12 Am Steel Foundry_. 18 167 16% 55's Am Sugar (2 5815 2 126' Am Sug pf (7) 138 181, Am Sum Tob (1) 21% 987, Am Tel & Tel (9) . 43 1291 1284 721, Am Tobacco (5) 934 74% Am Tobacco B (5) MU 9 Am Type Fpf (d)_ 121 714 Am Water Works 114 48 Am Wat W' 1st (6)_ 700 2 35% Am Woolenpf 3% 2% Am Writ Pap pf (d) 2% 3 Am Zinc & Lead 3% 8 Anaconda Copper_ 14% 1215 Anchor Cap (60c) 13% 36 Archer Dan M (11). 42 31 Armour of Ilinois _ £ 5512 Armour I11 pr pf (6) 631 4 Arnold Constable__ 40 715 Asso Dry Goods 9l for loans of this type and because de- | 32“: :f:: 1‘30‘;;’];::;32‘)[ :1‘._‘ bentures of the mutual mortgage in- il i i surance fund issued in exchange for | 0% A o Ry property securing mortgages, which 7 3" At1Gulf&W Ind._ sare insured prior to July 1, 1937, shall | 21% Atlantic Ref (1) be fully guaranteed as to principal | 2 32% Atlas Powder (2)_ and interest by the United States, na- 106% Atlas Pwr pf (6) tional bank examiners have been in- | 5 f::::""‘:n, structed by the controller not to clas- | 61 35\ Austin Npf A (2) sify such loans held by national banks 5% 3 Aviation Corp(Del) as slow, doubtful or loss. | 3. 27 Aviation Corp new . In response to letters sent to bank | commissioners by officials of the Fed- eral Housing Administration, nearby | States have issued instructions to State bank examiners similar to those | issued to national examiners or have | indicated their intention to do so in the near future: Marylnad, West Vir- | ginia, North Carolina, South Carolina | and Virginia. Eccles Defines Sound Money. “We have sound money when our | gystem behaves in such a way as to! help rather than hinder the full and efficient use of our productive re- sources,” says Gov. Eccles of the| Federal Reserve Board in Sphere Magazine. “We have sound money when the energy and skill of American workers the productive capacity of our great industrial plant and equipment and the fruitfulness of our land and nat- ‘ural resources are used in such a way as to make our real income of goods and services as large as possible, not merely for a few prosperous years fol- Jowed by a period of idleness and want, but for year after year of endur- ing stability. “This, it seems to me, should be the | eriterion of the soundness of money, and not the amount of gold that is stored in the vaults of the Treasury.” Southern Rail Nets Lower. Class 1 railroads in the Southern district for the first five months of 1935 had a net railway operating 1n- come of $20,892,737, which was at the‘ annual rate of return of 1.52 per cent | on their property investment. For the | same period in 1934, their net railway operating income amounted to 829,114,177, which was at the annual rate of return of 2.11 per cent on their property investment. Gross operating revenues of the kelass 1 railroads in the Southern dis- trict for the first five months in 1935 amounted to $178,521,512, a decrease of four-tenths of 1 per cent, compared with the same period in 1934, while operating expenses totaled $139,974,- 1 103% 5% 150% 1491y 1572 21% 21 11 5% 8 3% Eastern Roll Mills_. 150 110% Eastman Kod (5) _. 16113 141 Eastman Kod pf (6) 22 16% Eaton Mfg (1) - 29 19% Electric Auto Lite_ 112 107 Elec Auto L pf (7). 6'4 3% Electric Boat ____ 8% 5% Elec & Mus Ind 3% 1'% Elec Pw & Lt 14% 23 Elec Pw & Lt $6 pf. 16% 3 Elec Pw & Lt$7pf_ 49'%: 39 Elec Stor Bat (2%). 65% 52% Endicott-John (3)_. 132 125% Endicott-Joh pf(7)_ 3% 11 Engineers Pub Sve. 36% 14 Eng Pub Sve $5pf _ 37 14% Eng P S $5.50 pf ww 14 T Erie RR - 12% 10'; Eureka Vac C (80c). 231, 15 Evans Prod (al) __ —— e 25% 17 Fairbanks Morse 113 71% Fairbanks M pf i3% 131; 5% Fed Lt& Tr 76 48 Fed Lt & Tr pf (6) 3% Fed Motor T (allc). 7s Fed Water Sve (A) - 16y Fed'd D Strs (160c). 2813 Fid Ph F In (11.20) 1314 Firestone (40c) 841 Firestone pf (6) A 45% First Nat Strs (2%) 201 Food Machine (1)__ 97y Foster-Wheeler _ . 60% Foster-Wheeler pf m. 5% 78% 74 Mullins Mfg pf_ 19% 10% 4% Murray Corp .- 3 39% 30 Myer F E &Co(1. 60) ] _—— 19% 11 Nash Motors (1) 27s 14 N 7% 4% Nat Acme Co. 8% 6% Nat Aviation_ 31% 22‘4 Nat Biscuit (1.60).. 151 t Biscuit pf (7)__ 1351 Nat Cash Rx A(50c) 11% Nat Dairy Pr (1.20). 1% Nat Dept Stores (d) 17 Nat Dept Strs pf(d) 23% Nat Distillers (2) __ at En & Stpg (2)-. 9% T Telautograph (60c). 5'3 4 Tennessee Corp.... 161 Texas Corp (1) . '« 28% Texas Gulf Sul (2)_ 314 Tex Pac Coal & Oil 3% Tex Pac Land Trust 13's Thatcher M (a50c) - 50 Thatcher M pf(3.60) 2% Thermoid Co. 13% Thompson Products 1% Thompson Starrett_ 2 % 73 Tide Wat Asso Ofl - % 1025 84 Tide Wat A O pf(6). 9 | 106 100 Tide Wat Oil pf (5). 45, Timken-Detroit____ 28% Timken R B (11) 47 Transamerica (30c)- Tl Trans & Westn Air_ 5% Transue&Williams. 1% Tri-Contl Corp_____ 69 Tri-Contl Cor pf(6) 414 Truax-Tra Coal ... 313 Truscon Steel 2! Twin City RT-___ u»- “ 128',4 3 3 364 T 11% 195 4 14 HLad 4] 4 COMMODITY PRICES July & —The Asociated R S A of (= commodities today advanced to The previous day III+ atomas Co (80c) eisner Bros (1) . ewberry J J(1.60). ewport Industries Y Airbrake Central RR___. Y Chicago & St L. f\ Y Cl hl&Sl Lpf |44 4+ 44+ Renge of recent Hish Low N 53% Und-ElL 9 Union Bag&Pap (2) : 44 UnCarb& C (1.60)_ 14% Un Oil of Cal (1).-- ’12‘9 Un Pacific (6). ___. ‘n Pacific pf (4) s Un Tank Car (1.20)_ 97y United Afrcraft. 4': United Air Line vte United Am Bosch __. 20% United Bisc (1.60) 712113 United Bisc pf (7) 46 United Carbon 2.40. 12 United Corp 203, United Corp pf (3)_. 8% United Drug_______ 3% United Elec Coa! sher (2)_ Fenzes 39% 111 234 T 42! 3 3t (The 196 average equals 100 I++1 41 \lht!llinmu\ Market, New York markets comniled - Foundation Co iated Press u Rio No 7. 19% Fourth Nat I (a60c) 8% Fox Film (A) . 174 Freeport-Texas (1). 15 Fuller Co pr pf 4% Fuller Co 2d pf | IOl 42 18 3y 3 3w 7 2% 2 11% o 6%y 26% 15 11; Baldwin Loco (d) - 71y Baldwin Loco pf (d) 71, Baltimore & Ohio _. 18 107 10% 177 9l Baltimore&Ohpf__ 2 122 12 109 100% Bamberger pf (612) 10s 109 109 447y 36's Bang & Aroos (2%3) 2 44% 4% 115 106% Bang & Aroos pf(7). 20s 1141 1141 5% 31 Barker Brothers __ 412 41 32 Barker Brothers pf_ 170s 10% 57 Barnsdall Corp .. T 504, 37': Bayuk Cigar (150c). 19 14'y Beatrice Cre (a50c). 90 72 Beech-NutP (13) _. 13'3 11' Belding-Hem(a50¢). 1712 117 Bendix Aviation 193, 151 Beneficial Lo (1%) 34 Best&Co(2) __ 21% Bethlehem Steel 55% Bethlehem Stl p: 14% Bigelow-San Corp. 9% Blaw-Knox 112 103% Bloomingdale pf(7) 614 Boeing Airplane . _. 41% Bohn Alum &Br (3) 90 Bon Ami (A) (t4)_. 21 Borden Co (1.60) 28% Borg Warner (1 812 Bridgep't Br: 241; Briggs Mfg (2). 231 Briggs & Strat (3) 803 Bristol-Myers (t2)_ 3613 Bklyn-Man Tr (3) - 90 Bklyn-Man T pf(6). 18 1% Bklyn & Queens____ 1% 43 Bklyn Union Gas(5) it 53 Brown Shoe (3) - 3% Brunswiek-Balki - 4% Bucyrus Erie = 813 Bucyrus Erle ¢ o 62% Bucyrus Erie pf (2) 25 = 353 217% 21 11% 40+t a 177' . B.000 May. 7.99n res’ No. '3 'closed barele lower: sales. 18,700 ton: mbe: 1b: December 2.020; M 53 Gen Am Investors _ 32% Gen Am Trans(1%) o i 11% Gen Asphalt 74 Gen Baking (60c) Gen Cable (A) Gen Cable pf Gen Cigar (14) Gen Cigar pf (T)___ Gen Electric (60c) 321 Gen Foods (1.80) 10 Gen G&E 6%cv pfA 597 Gen Mills (3) 118% 116 Gen Mills pf (6)_ 34% 26% Gen Motors (1) 11712 1072 Gen Motors pf (5) .- 4 3% Gen Outdoor Adv 303 175% Gen Print Ink(1.60) 1040s 93% Gen Print Ink pf(6) 10s 1% Gen Public Service._ 15% Gen Ry Signal (1)__ % Gen Realty & Util. 15' 501, 2% 2% 141 9% Ohio Oil (al5e) 4% 1 Oliver Farm Equip_ 26% 13% Oliver FEDrpf A _ 512 3% Omnibus Corp ____ 205, 11, Otis Elevator (60c)_ 125 106 Otis Elev pf (6) .- 7% 4% Otis Steel ______ 46 23% Otis Steel pr pf - 104 80 Owens-I1l Glass(4) B e e = 25% 13' PacificG&E (1%)_ 37 19 Pacific Ltg (2.40) 21 12 Pacific Mills 134% 111% Pacific T & T pf 5% 3' Packard Motors 12% 63 Panhandle P&R pf_. 4% 2% Par-Public cod (d)_ 6 3% Park Utah___ 1% % Pathe Exchange. 15 8% Patino Mines 8014 641z Penick & Ford (3) _ 76% 57% Penney J C (2)- 110 103% Penney J C pf (6) 4% 2% Penn Coal & Coke 512 3 Penn Dixie Cemen 26% 17% Penn RR (1) 84% 17% Peoples Gas Chi 11% 7% Petrol Corp_. 12% Phelps Dodge (a 1% Phila & Read C&1__ 35% Philip Morris (1) __. 133 Phillips Petrol (1) . 5132 Phoenix H pf (3%3) - 313 Pierce Oil pf_ 31 Pillsbury FI (1.60)_ 261 Pitts Coalpf _____ 51; Pitts Screw & Bolt 224 Pitts Steel pf 2!z Warren Bros __ 10% Pitts Term Coal pf 21 Warren Fdy&P (2)_ 1% Pitts United Corp. 2 2 1 Wells Fargo_. = 241 Pitts United Cpf___ 301; Wesson O&S (50c). 14 67 Pitts & W Va 34 West Pa Elec (7)A_ 360s 613 Plymouth Oil_ 36 West Pa Elec pf () 40s 4% Postal Tel&C pf (). 397, West Pa Elec pf (7) 130s % Pressed Stl Car (d). 119%; 18415 West Pa Pwr pf (7). 30s 614 Pressed Stl C pf (d) % % Westn Dairy B vtc.. 42% Proc & Gambl (1%). 9%s 5's Western Maryland .. l20'-¢ 115 Proc & Gam pf (5) . T 2% Western Pacific pf_. 20% Pub Sve N J (2.40) . 391, 20% Western Union___ fls 62% Pub Sve N J pf (5) . 27 18 West'gh’se A B 50c_ 109 73 PubSveNJpf(6)_. 57% 32% Westingh'se Elec__. 52% 34 Pullman Inc (3) 112 90 West'h'se 1st pf 313 10% 2315 16% Westvaco Chi /40c) 70 20% 144 Wheeling Steel a1y 71 46% Wheeling Stl pf($1) U 675 White Motor 71% United Fruit (3) __ Aol 9% United Gas Imp (1). 5 &Tobe‘ P 1 SIUTECR o sb'—nrm{".”' J' 87'2 United Gas I pf (5) S 5 ary. 125%n: March. 1 b: May, 12 “nited Pce D W pt STOKSH rinpat; ool 1 & For'n Secur steady & F S 1st pf (6) ber Freight (1) .__ 2 H Bid. 40': U S Gypsum (1) _ 5 ] —Fu 35' U S Ind Alcohol (2) 1 e A’—‘UhLE«llhEl’A e _ U S Leath pr pf vic. H\ USPipe & F (30c) i Japanese special crack, o lg\« {, g g::ll;;plfr:;o_ ; : | b,eoexln. &1 per cent seriplane, 13-15s, 914 U S Rubber__ 3 - ——— 2415 U S Rubber 1st pf__ FREIGHT LOADINGS. 9% USSmelt&R (af) 2% US Sm &R pf (3 NEW YOR! r & ). —] e e t0day for week ended July 6 included 73% U S Steel pf (2)___. Week of Previous u-z 3% United Stores (A) . July 6. week 51 Univ Leaf Tob (12). s & 1% Univ Pipe & Rad___ 19% 12 Univ Pipe & Rad pf. 514 40 TUtah Copper _ s 9 Y | 3% 1 UtlPw&Lt( . res closed Jinchanzed to 10 lower 10.99; ds. barely March ires close s 150 baes aty T4 e = 10 205 751 19 12 Gillett Saf Raz (1) _. 70% Gillett Saf R pf (5)- 2% Gimbel Bros._ 18 Gimbel Bros pf 23% Glidden Co (11) 109&. 104% Glidden Co pr pf (7) 14% Gold Dust (1.20) . 7% Goodrich (B ¥) 40 Goodrich (B F) pf_. 15% Goodyear T&R 70 Goodyear $7 pf (4)_ 1% Graham-Paige ____ 5% Granby Consol _ 18! Granite City Stl ay 26 Grant (W T) (1)~ 95 Grt Northern pf 127 9% Grt North Ore (50c) 32% 26% Grt West Sug (2.40) 140 119 Grt West Sug pf(7). 5113 201 Greyhound Corp 24 12 Gulf States Steel 68 48 Gulf States Stl ———— ni 5 9% 6% Hamilton Watch.__ 33'«. g:}::%ranlz};?u%) 6 ‘ 108 101 Hanna (M A)pf(7)- 2% Calumet & Hecla_ 21% 16 Harbison Walk (1) 7% Campbell-Wy (a20c) 105 81 HatCo l‘z:lww (6%) 8% Can Dry G A (40c)-. 3% 1% Hayes Body._ i 9% Canadian Pacific. 85 Hazel Atlas Gl (5) Mot (60c). e R 85% 71 Hercules Pw (13 128 122 Hercules Pw pf ( 10% 5% Holland Furnace 11 6% Holland & Son (50¢) 412 338 Homestake (12) .. 307% Houd-Hersh (2%) A 6% Houdaille-Hersh B e Santa Fe | Charter No. 3625, Reserve District No. 5. Report of the Condition of the COLUMBIA NATIONAL BANK ©Of Washington. in the District of Colum- at the close of business on June 24 o Published in response to call made L Songreller of Currency. under Sec 11. United States Revised Statutes. ASSETS. - Loans and discounts._$1.446,051 6% Overdrafts e i United " Stares " Gover obligations Tec. and or fully gua- anteed e Other hnn(‘! H('Ck FERFS 21% 11% Vanadium Corp_ 5 21% m.\nn Raalte__ 200 3 | Vick Chem (12)_ ! a-Car Chemical a-Car Chem 6% pf a El & Pw pf (6) HEEE I+ & & 11 27 50s 6 3 26% Walgreen Co (1.40). 11, Walworth Co 21 Warner Bros Pic 141; Warner Bros Pic pf 215 Budd Wheel 814 Bullard Co__ 4 Burns Bro B (d) 13% Burr Add Mch(60¢). 5% Bush Term deb (d) . 10 Bush Term B pf cod IDI 11% Byers (AM)__ 32 Byers (AM) pf_ — AR7.546.05 668,755 0 50s 106.884 01 572,510.85 710,647.0¢ other cash items. 16.408.25 . Redemption fund _with United States Tress- urer and due _from United States Treas- e g . Other asseis Total! 13% 36 41% 63 103 497% 35% 4% 2 100s 123% 123% 22 10% 10% 2 Th Th 404 12.800.00 64 59% 5T 254 © 120s 101% low, ahish 36 Caterpillar Tr (11). 41 49% 49% 19% Celanese Corp. 204 1% Celotex Co vte 49% Pure Oil 8% pf._. 16 - 8% Purity Bakeries(1). 610, an increase of 6.4 per cent. Class 1 railroads in the Southern district for the month of May had a net railway operating income of 82,931,950, compared with $3,986,374 in May, 1934. Today’s Trading on Exchange. ‘The week’s trading on the Wash- ington Stock Exchange started off with Capital Tractfon 5s selling at the strong price of 97%4 on two $1,000 transfers. Washington Gas 5s, 1958, moved at 10534 on a $500 sale. American Security & Trust Co. stock came out today in four 10-share lots at 198, unchanged from other recent sales. Washington Railway & Electric preferred sold at 105!, on tiny transfers, and Potomac Electric Power 5'; per cent preferred stock #ppeared on the board at 114. Capital Transit stock sold at 19, 30 and 11 share sales being recorded. ‘The stock closed with 19 bid and 197, asked, a very small spread. Heard in Financial District. Thomas J. Groom, vice president and cashier of the Bank of Commerce & Savings, was back at his desk today wfter a short vacation. James C. Dulin, jr., has returned from a month’s vacation in Alaska and assumed his duties as treasurer of the American Security & Trust Co. Holders of Paramount Publix se- curities in this city received word to- day regarding the next reorganization hearings to come up in the New York icourts on July 18. The notice includes & list of claims against the company, the individual amounts being astonish- ing. One law firm alone presents a claim for $700,000 and there are sev- eral others running well over $100,000. The common stock is now selling at 4%. Before the Wall Street crash it sold around 80. The general plan of reorganization has already been ap- proved. 333 29 63% 65 33% 45% 4% 41, 21% 3 L 5% 8 41% 25 4 29% ki) 51% 24% 100 5 15 30% 28% 126 5% 18% 19% 100 - 11% Celotex Co pf (d) . 22Y% Cent Aguire (1%) 38% Cerro de Pasco (4. 3% Certain-teed Prod 23 Certain-teed Prpf__ “37% Ches & Ohio (2.80) . 36 Chesapeake Corp(3) 1% Chi & Grt W pf (d) 15% Chi Mail Order (1). % ChiMilStP&P___. % Chi Mil StP&P pf__. 1's Chi & Northwest_ 4% Chi Pneumatic Tool. 20 Chi Pneu Tool pf_ 7% Chi R 1&Pac (d) - 1% Chi R I1&P 6% Df(l!) 251 Chickasha C O (2)-- 3% Childs Co 71 Chrysler Corp (H). 20 City Ice & Fuel (2). 87 City Ice&F pf(6%)- 3% City Stores.. 12% Clark Equip 275 Clev Graph Br ({ 23% Cluett Peabody (1) 112% Cluett Peab pf (7). 53% Coca-Cola A (3).___ 15% Colgate-P-P (50¢) - 9 Collins & Alkman __ 69% Collins & Aik pf (7) 5 ColoF&Ipf(d). 7 Colo & Sou 1st pf.. 3% Col Gas & Elec _ 35% ColG & E pf A (6).-. 31 ColG&EDpf (5)... 341 Colum Pic vte (11) - 67 Colum Carbon (4) 39'% Comcl Credit (2) . 56% Comcl Inv Tr (12 17% Comcl Solv (160c) .. % Comw & Southern__ 29% Comw & Sou pf (3)- 27 Congoleum-N(1.60). 9 Congress Cigar.. 23% Conn Ry&Lt (4%)_. 7 Consol Cigar.. 3% Consol Film _ 14% Cons Film pf(31 %) ). 15% Consol Gas N Y (1). 52% Consol Gas pf (5) 614 Consol Oil 215 Consol RR Cuba p!. 1 Consol Textile 8% Container Corp 27 Container Corp (B)A 415 Contl Baking (A) 8 Contl Baking (B)__. 46% Contl Baking pf (4) 62% Contl Can (2.40) . _. 7 Contl Dia F (a30c) - 12\)- 14 5 2 28 27% 40s 126 126 2 34 108 608 61 §_..£a~ 54g~124u»—- 55 547 1% 18 18% 320s 100 0% 13 1% Houston Oil (new)_. 5 43 Howe Sound (3) .. 2% Hudson & Manhat _ 6% Hudson Motor Car_ % Hupp Motors______ 1 1 8 1 9% Illinois Central_ 15 Illinois Central pf 2315 Indus Rayon (1.60)_ 6075 Ingersoll-Rand (2)- 46% Inland Steel (2) - 2% Inspiration Copper_ 4 Insur Shect Md(14c) 8% Interboro R T (d) 114 Intercontl Rubber 4% Interlake Iron_ 2% Int Agricultural 26 Int Agricul prpf__- 227% Int Cement (1) - 347 Int Harvester (60c). 1Y% Int Hydro Elec (A). 223 Int Nick Can (60c) . 3 Int Paper & Pw (C). 4% Int Paper & Pw pf__ 21% Int Print Ink (1) . _ 981 Int Print Ink pf (6)- 42Y% Int Shoe (2) -. 5% Int Tel & Tel 6% Intersttae De; 70% Int Dept Strs pf (7)- 25 Island Cteek C (2)-- 41 1 57% 38% Johns-Manv (a2ic). 37 125 117% Johns-Manv pf (7). 20s 73 50 Jones&Laugh7%pf- 450s 6% Kans City South pf. % Kelly-Spring T (d)- 6 Kelly-ST 6% pf(d). 6 Kelsey-Hayes (A)-. 3% Kelsey-Hayes (B)-- 12% Kelvinator (150c)-. 13% Kennecott C (60c) - 23 Kinney (G R) Co pf 280- - 12 Laclede Gas St L. 24 Lambert Co (3)_ 8% Lee Rub&Tire (50¢) 10% Leh Port Cement... 1% Lehigh Valley Coal_ 5% Lehigh Coal pf_ 5 Lehigh Valley RR_. 67% Lehman C (+2.40) __ 14 Lehn & Fink (13%) . 2134 Lib-O-Ford G1(1.20) 21 Life Saver (1.60) 13% + % 20% + 4 30 1% 92 +1 8% + % 15% 25% 10% + % 14% + % 1% + % % + % T =13 86% +1% 14% + % 30% + % 22% 6% 621 591 2% 21 3% 11% 93 89%, 4% 15% 52 501 24 23% 61 5214 43% 46 113% 4 Radio Corporation__ 50 Radio Cor pf A(3%) 35% Radio Corppf B___. 1% Radio-Keith-Or (d) 163 Raybestos-Man (1). 33 Reading 2d pf (2) 7 Remington-Rand__. 71% Remington-R 1st pf 70 Remington-R 2d pt. 2% Reo Motor Car_. 9 Republic Steel_. 28% Republic Steel pf 28 Republic Stl pf cod_ 1715 Reynolds Metals (1} 12% Reynolds Sp (f40c). 55% Reynolds Tob (3) 4314 Reynolds Tob B (3) 292 Roy'l D(b1.35 3-10c) 36% Safeway Stores (3) 1043 Safe Strs pf (6) S Strs pf (7) 10% St Joséph Ld (40c) 1 St L-San Frpf (d) . 6 Savage Arms____ 22 Schenley Distillers. 13 Schulte Retail Strs_ 8 Schulte Re Strs pf_ 55 Scott Paper (1.80) % Seaboard Air L (d)_ GENERAL MOTORS SALES INCREASE June Total Rises to 137,782 Compared With 109,051 Recorded in May. By the Associated Press. NEW YORK, July 8.—Sales of Gen- eral Motors Corp. cars and trucks to consumers in United States during June were 137,782, compared With 109,051 in May and 112,847 in June last year. 57 2% e 11% 681 kS 13 White Rk M S(1.40) 6 1 ‘White Sew Mch pf_. Wilcox Oil & Gas___ 37s Wilson & Co (a25c). 58 51 Wilson & Co pf (6) Woolworth (2.40) _ 11% Worthington Pump. 25's Worth Pump pf A__ 20 Worth Pump pf B 351% Wright Aero____ 73% Wrigley W jr (13)_. 173 Yale & Towne (60c) 2% Yellow Truck 18 381 Young Sp& W (1) 21% 13 YoungstownS & T Youngst'wn S&T pf. 1% Zenith Radio__ 2% Zonite Produects._ . 710,000 2:00 P. ales for the day, Dividend rates as given in the above tabl cash payments based on the latest quarterly or half-yearly declarations. sUnit of trading less than 100 shares. plus extra. last vyear. reorganized. t Accumulated dividends. d Companies _reported x Ex_dividend. a in 58% 1% + & Approximate Sales of Stocks o; the N. Y. Stock Exchange. 250,000 12:00 N oon. 480,000 840,000 are the annual | + Annual rate— | ald this vear. b Paid Teceivership or beins sales to consumers in United States were 648,835, compared with 494,972 in the like period of 1934. dealers in United States were 710,224 Sales to cember, 9.77; contracts. units, against 592,867 and total sales to dealers 888,560 units against 753, “l‘:l good New York Cotton e 6.35; good ordinary. By the Associated Press. NEW YORK, July 8—The Govern- in United States and Canada, plus overseas shipments, were 276. Liverpool lulu. . Quotal irfet mi 7.10; strict dling. 6.9 t low_middling. 6.55; quiet. July, 6.48 cember. 6.06; Janual May. 6.02. ment cotton acreage figures were closely in line with expectations, and while early declines were followed by rallies after their publication, prices later eased off under renewed realizing or liquidation. Jul! |n:lmll||l 6,000 L. July American nil: nged. direc! lltlfly with Priday’s average. 10 better closed barely steady. July, 9.75b; Sep- tember, 9.88b; October, 9.90a91; anuary, 9.81. b—Bid. De- es, 97 Quotations. 8 (».—Cotton, 9.900 DOt _quiet; ions in dling. mi .95, low mlddllntv strict good ordinary. 805, Putures closed October. 6. 17, 6.03; March, 6.04; CHICAGO LIVE STOCK. 8 (#).—Hogs. 16.000. uneven, ade, i October contracts, after selling off to 1153 early, rallied to 11.65, but|™ were ruling around 11.52 in the late Cattle, 15,000 calves, done: arly, sales fed 500 very little and yearlings funm United. vings. public - nd deposits of 3 1,370.423.38 States ~Govern: ment and postal sav- ings deposi. 83.518.5 Deposits of other including terlxfltd lnd cashiers Total of r Vestments () Tot deposits Circulating standini 29. Interest er expenses and un) outstanding 365.119.27 items 15 to 19: $83.51%.33 442531571 al $4.508.833 54 notes out- " 250.000.00 taxes, and oth- accrued 43.000.00 amounts set aside for dividends not declared . Other liabilities 32. Capital account: o _mmon tock. B0 “shares. Undivided profits. net 143,241.97 Reserves for con- tingencies Total capital account Total labilities MEMORANDUM: and inves 67.000.15 810,242.12 $5.616.630.37 Iunl tme gxednd {0 secure Has . United rect Tment nbllnt!on‘s guaranteed overn- g 1y $205.990.00 nd/ - Other bonds. stocks. and securities Toul pledged (exclue ing Pledged (a) Against 0 _50.000.00 rediscounts) - _ d- $345.990.00 circulating outstanding __ $250.000,00 inst United Government deposity (h) Por other purposes ‘Total pledged____ ! city nf Jashinston. m.m‘gl o Colambia) i 4 5.990. 114% — % 20 + W 28 + 4% 31% + % 43% + % 107% — % 1% 122 + % 21% + % steady to lower, ractically el nu bids ns! Choice 'ellhu meu |n light heifers and mixed up best. Very liberal luppl and noi as many native ouid 5 Teets held onelderabiy above early sales. 11.00 down to s 93% Ligg & Myers (14)B 13% Lima Locomotiv 28% 17% Link Belt (60¢) - 32% 24% Liquid Carb (11). 31% Loew’s Inc €2) - msv. 102 Loew’s Inc pf (6 1% 1 LoftInc 130 121% Loose-Wiles pf (7)- 22 18% Lorillard P (11.20)_ 14% 4% La Oil Ref pf (d) .. 19% 10% Louisv GEE(A)1%- s Rimelnsarance 09 A8~ 473 Crucible Steel pf_. 47% 34 Loulsv& Nashv (3). A e “"; ;Em“m"""“"ua. Ceaaion Home Innmnco Co. h% 2 Lrcubeco e M - For the first six months of the year Bleachable cottonseed oil futures Phillips e L B 287% Contl Insur (11.20). % Contl Motors _____. 15% Contl O Del(a37%c) 41% Corn Ex BK&TT (3). 62 Corn Prod Ref (3)_. 4% Coty Inc 35% Cream of Wh (12).. 2815 Crown C&S.(1) 43'% Crown C&S p£(2.70) 3% Crown Zelleb'k 14 Crucible Steel. 115% 24% trading and the general market showing net losses of about 10 to 14 —_—— DIVIDENDS ANNOUNCED NEW YORK, July 8.—Dividends de- elared: Assctsls Rate. riod. record. able. Pe- Btock of F"B P =T P Sales to dealers in United States in June were 150,863 units, compared polnts. ;,Izh_fi::nlt: l:l‘:vye::d ’Il‘;:-za:fl’: Putures closed steady. 1-3 ln'fl‘ to dealers in United States and|Ju Canada, plus overseas shipments, were 181,188 units, against 134,597 in May | 35 and 146,881 in Juge, 1934. above statement is true to the best ol I 15 Knowiedss and peliet ROBERT H. LACEY. Cashier. 8worn to and subscribed before me this - EE T PRI R PO T Winn & L G Co * Exirs, SEELE nS TR Pl E uun 40, ik, 81 oD, = Wi 9.40: uhmmus oo IIMI PR P> 5