Evening Star Newspaper, July 11, 1935, Page 17

FINANCIAL. THE EVENING STAR, WASHINGTON, D. THURSDAY, _ 1935. FINANCIAL ek k CURB LIST DRIFTS T0 LOWER LEVELS Some Mining, Specialty and Alcohol Shares Able to Resist Decline. By the Assoclated Press. NEW YORK, July 11.—Curb mar- ket prices today generally followed a lower trend, although some mining is- sues, alcohols and specialties received support and managed to close higher. The utilities were under pressure throughout. Shares up fractionally to a point or 80 at the finish included Bunker Hill & Sullivan at 44!%, Great Atlantic & Pacific at 13134, m 2955 and Newmont Mining at 49':. Among losers of as much wcre Aluminum of America at 60, Ameri- | can Gas & Electric at 28';, Creole Petroleum at 17, Electric Bond & | Share at 8':, Humble Cil at Pittsburgh Plate Glass at 71 Sherwin Williams at 1003,. BONDS ON THE CURB MARKET. DOMESTIC BONDS. Hizh. _104 Low. Close. 104 104 RNSE Ny Abbott’s Dair Alabama Pw Alabama Pow Alaoama Pow Alzbama Pow Alabuma Poy Aplch Py us Arkans P ¢ Asso El Ind [ GE Walker at | 583, | and | Stock and Sales— Aero Supply (B) . 1 Ainswerth (all%) 2 Ala Pow pf (6) ___100s Ala Pwr pf (7) 3408 | Allied Mills(a25c) 25 Alum’'n Co of Am 6508 Alum'n pf (1%)__1508 Am Beverage 1 Am Ct P&L A (3) 3008 AmCities PRLB_ 6 Am Cynam(40c)B. 28 am Founders__... 25 Am Founders 1st pf D -. bO0s E (1.40). 26 Am G&E pf (6) Am Inv Inc 4 Am Lt&Tr (1.20) - Am Meter Co ____ 258 Am Superpower.. 31 Am Super Istpf__ 1 Appalachan Bleo *wr L (7) 30s u\rnmr( ork(50c) Art Met W (40¢) . l I(l\ 1'4(‘)_ 3 “orp war__. 1 Atlas Plywood | Auto Vot M (50¢c) . tabcock& W (40¢) llanca Aircraft. Bickfords Inc (1). Bliss Co (E W) Blue Ridge Corp_. Bower Roll B (1) Brit-Am Oil coupon (80¢) ___ Brit Celanese Ltd rets Brit Columbia Pw (112) A Buft N& EPpt (1.60) Bunker Hill&Sul~ 3903 Can Marconi | Carib Syndicate _ | Carman & Coa__ 7 5 3 2 1 6 6 1 3 2 1 1 2 4 3 Catalin Corp 3 Celanese 1st pf(7) 25s Celluloid Corp 2 | Celluloid Corp pt_ 1008 Hudson G & 3 CP&L 7% pf 31% 300s Cent States Elec CentrifugalP(10c) | ci h.nl!\u”\(]’» | Cities Service rvice pf . Illu Colon Oil Columbia Gas & ccv pt (5) Com'with Ed (4) | Como Mines__ + | Compo Shoe iy 10395 1013 01 jol=ls g5 ISIeTe] 4178 104%g 102 111t 21003 | Hous LAP 4135 E & Idaho Power is ; 2 ax1y 013y a11g Tndtann 5e Indiana Indnp {na HE Intersta Pw_tis Interst P Inves Co 5s R O ais & Jones Laugh 5s Kns G Ken Util 1st 5s Kelll\lckl U 5s H 4 101 110510430 Lexington Ut o5 Libby McN & L Lone Star Gs Long Isind Lt 1A A‘G Netata Scallr oe New Eng G & E ' wa 10’ SEG 4155 7% ¢ 10 % L S 8 08 108 101% 101% 101 Gl 66 44 43 106 2100 203, 108 100 0% 05 ¢ 106 U-_ s 9 foss hss 2 llmlx 10612 /K1 2 GalY ! filllr =g L] . PEPLLEY 8015 80 1061 106 0032 100 94t 106 .mu*.m 104 7 108% 1 A I 32 | Gold Seal Ele Mach s.t.e | Consol Aircra ns Copper _ Cord Corp Corroon & | Courtras “rane & ¢ Creole Petroleum. Crocker Wheeler Crown Cent Petr . Distilled Liquors ! Doehler Die Cast nin S & C (B) Chemical (2) er Harris (1). | E2stn GRFpfA(6) 4758 Lastn G, prpf!{“b < sler Elec Corp__ 2 arehold'g. 5 Share pf ww. 508 0 G&F 7% pe- 100s uity Corp 20 11-0 A&Tool 3 do S (allz) 1008 taff Brewery_ 22 F C (50c)__ 2 am (60c) 2 Rubber . 8 Ford Mot (Can) [ aw)a | Ford Mot Lm < | Froed u—rr Gr&M conv pf (1.20) Gen Gas & Elec cv pf (B) Gen InvestCorp__. 3 Gen Pub Svepf 1208 Georgia Pw pf(6) 3508 Glen Alden C (11) 4 Glohe Under (50¢) -600s 100s -- 2681054% Am Laundry (40¢) 1508 157 1 By private wire direct to The Star. Dividend Rate. Add 00. High. Low. Clo;:‘ 1% 3114 6814 ki 18% 60 88 1% 43% 31, 22% £l 1% 1% 65% 26% 29% 28% 2813 105% 105% 3l 3 15% 3% Ty 10’ 10% 31 30% y | Roch Ry & Lt | Safe H Wa ou Calif Ed Sou Calif Ed o carolina 5e 8o Co G C: = SW Pub Svc s A Staley Mta- ds H4ot> Stand G & E Stand Inves 5ias Stand P & L Sup of Tl 415" Sup of Tl 4125 70 Superpw 11l s "61- Switt Co bs 40, Syracuse L 5ias” Tenn El Pow bs Tenn Pub Ser bs Tex'R & L os A Tex P & I s ‘50- Therm 8 a7 st Tide W Pw bs A '7 Toledo Ed 5s 'li'l Twin C R blas A 52 len Co 63 44 st Utah P L 05 A" 2022. Va Pub Sery s Pb S Alas A Va Poserv bs B 150 Ward Bak 6s Wash W & West New De 6 b | west Penn 80 s York Railway bs '37. FOREIGN M B 7s '47 M&N. e Cuban Tel 725 A Danish Con 5’ o Isarco Hyd Isotta Fra 7s " Ital sux;;r Pow 834 05 Stinnes 75 Afl Terni 8o 6%s A "53_. 0% 11:\.’. 1<m=,. 1063 b5'2 55 b6l2 5612 56l 106 106 ““? Jugia 1063, 941 D415 108 51 1083, 103 07 10613 107 5015 557 . 041, 106, | Nat Rubber Mach | Northwest NEW YORK CURB MARKET Stock and Sales- Dividend Rate. Add no High. Low. Close. Gorham (A) 2% 2% 2% Gorhgm pf ww___ 50- 14 14 14 Great Atl & Pac Tean-v (16) ___ 80- 131% 131 131% Gulf Ol of Pa_ 64 Y% Harvard Brew Hecla Min (al0e) - le Heyden Chem(f1) 1 50s 4 17 9 Hires (CE)A(2) Hollinger G(165¢) Hudson Bay M&S. Humble Oil (1) Hygrade Food 1 Hygrade Syl (2 2568 111 Pw&Lt $6 pf__ 300s Imp Ch Ind (@20%c) 2 Imp Oil Ltd coupon (t50¢)-- Imp Tob Can (t35¢) Insurance Co of North Am (2).. Intl Hydro Elec System cv pf __126s Intl Mining(a30c) 4 Intl Mining war__. 2 26 3 27 3 2 % 1215 = 35% i Intl Petr (11%)--. Intl Products Interstate Power (Del) pt Jonas & Nau 2 Jones&Laugh Stl. 258 Kerr Lake (al0c). 9 Kirby Petr (a10c). 1 Klein (DE)(f1).. 1 Koppers Gas & Coke pf (6) .__ 100s 94% Lake Shore M(t2) 15 50% Lane Bry'nt pf(7) 10s 77 Lerner St pf(6%). 508106 Libby McNeill&L. 7 T4 Loblaw Groc Ltd (A) (1) 50s 19 Lone Star Gas 30c 27 Long Island Light 17 Long Island Light pf A (7) 108 Long Island Light Pt B (6) —— 268 Loulsiana L&Ex. Lynch Corp (2) __. McCord Rad (B) . McWill Dredg (12) 50s Marconi Intl Mar 19 114 227 B 2% 19t 19 1'% 227 ) 23 1919 94 50 7 106 7 2274 (3 2% 19% 94 50 77 106 7 19 6 \lamhuumm\ 4 Mayflower As (2) 3008 50 Mead John (13) _. 1 6% Mem Nat G(al0c). 4 Michigan Sugar__. 3 Middle W Ut (d) . 1 Midland Stl Prod_. 1 Minn Mining & Mfg (160c) 1008 16'5 Mohawk Hudson 1st pf (4) 508 68 Molybdenum 10 12 Mont Ward (7) A 808139 Moore Corp (ki0c) 1 2214 Mount Prod (60c). 4 47y Mount State Tel & Tel (8) Nat Bella Hess_ Nat Bd&Sh (1) Nat Fuel Gas (1).. Nat Investors._ t Leather ___ Nat P&L pf (6) 4%y - 1081191511912 6 1% 1% 2 37 361, & 17!. 6 M T1ig Tl 1y 6% - 1194 361 17% 1 1 7013 T R 9 61 601 4 5008 Nat Service = Nat Transit (80¢) Neptune Met (A) N J Zinc (2) NewMex&ArizLd- Newm Min (al) _. N Y Telpf (612) Niag Hud Pw Niles-Bem-Pond N¢jth Am L&P Nect Am L&P pf No ‘Am Util Sec Northam Warren cv pfd3) Northn N Y Util pr(T) - Northern States Power 4 1 2 1 4508 ng- Novadel Ag (2) - Outboard Mot A__. Outboard Mot B__. PacificG& E PacificG& E 1st pf (113) Pac Light'z pf (6) '»s-x Pacific Public Sve pf (320c). 13 Pac Tin spec (1)__ T8 37 Pan-Am Air (1) 3 Pantapec Oil 13 Parke Davis (11). 5 Parker Rust P(3) 400s Pennroad Corp___. 6 Penn W&P (3) Phoenix Secur __. Phoenix Secur pf_ Pierce Governor Pioneer Gold Mines Ltd (80c) Pitney Bo P (20¢) Pitts Forge Pitts& L E (21)_ Pitts Plate G(12)_ Potrero Sugar Premjer Gold(12¢) 2 Prop'ties Real vtc 1008 Prudential Invest 5 Puget Sound Pw & Lt$spf . ___ 100s Pyrene MfgCo __ 1 314 Quaker Oats (t4) - 103135 QuakerOats pf(6) 10s 145 Rwy&Lt Secur __ 2258 Reliance Corp A ReybarnCo ____ Rice Stix D G (2) Royal Typewriter Ruberoid Co (1)__ Ryan Consol __ St Regis Paper St Regis Paper pf. 105 Salt Creek P(80c). 6 Scovill Mfg (1) __ 50s Segal Lock & H._ 5 Selected Indus __. 4 Selec Industries allot ctfs (3) 100s Seton Leather 2 Shattuck Den Min 4 2 Sherwin-Wil (3) 5101 Smith (A O)_. 2 64 Sonotone Corp. 1 1% South Am Gold & Plat (40¢) .. 32 4% Sou Penn O (1.20) 2 Southn Calif Edis PEC (1%) - 4 Sou’land R(t20¢). 12 Square D A (2.20) 1508 Stand C&S (2.40) . 50s Stand O1l Ky (11). 2 Stand Oil Ohio Stand Silver & L. Stutz Motor_ Sunray Oil - Sunshine M(1.20)_ Swift Intl (2) . Tampa Elec (2.24) Technicolor Inc._. 9 Tenn Elec Pwr 1st pt (7) _,3503 Tenn Products__ Texas Gulf Prod_. 6 Texon O&Ld(60c) 2 Tobacco & Allied Stocks(al%;) 2008 Tonopah Mining Trans-Lux Daylite Pic Sn (20¢) Tri-Contl C war . Tubize Chatillion- Tubize Chatil A__. Tung-Sol Lamp . _. Tung-Sol L pf (3). Unit Carr F (1) l\m . 31% 313 135 145 1315 14 3 2 7 1 9 3 19% lTSn 41 4 25 215 100 100% 62 62 1% 1% 4, 4% 25 25 225 6% 34% 34 214 15% 225 6% 34y 34 211 15% E? 1 1% 223 32 31% 2 11 5 & 274 - B b e S O 0O Unit Gas Corp Unit Gas Corp pf- Unit Lt&Pw (A)_. Unit Lt&Pw B __. Unit Lt&Pw pf . Unit Shoe Mach (12%) - U S Foil (60c) B U S & Intl Secur__ Unit Verde E 40¢ Utah Pwr & Lt pf 35 8 Utilities P&L pf 1008 Utility & Induspf. 1 Venezuela Petrol . Waco Afrcraft Waitt & Bond (A) Walker (Hiram) . Watson (J W) Co. 1 Wenden Copper 10 % Westn Cart pf (6) 258102 W VaCoal&Coke.. 2 3 Westvaco pf (7) - 768102 WillOil-O-Mat __ 8 3% Woodley Pet(20c) 2 4% Wright Harg t40c. 16 8 Yukon Gold 38 1% Dividend rates in dollars based o 1o GaTierly or Bemi-annus) pasments fAnnual rate—pius extra tAccumulated aPaid this year. bPaid las Companies rmma in melnr- r belng reorganized, xEx dividend. 67 CLEARINGS LOWER 1% | % | Elec Pow Assoc td | Metro In 4 €714 | DUE T0 HOLIDAY Total Drops 8.1 Per Cent Below Level for Full Week Last Year. By the Assoclated Press. NEW YORK, July 11.—Because of the short week, due to the Independ- ence day holiday. bank clearings were reduced, in ccmparison with the full week last year. The total for the 22 leading cities in the United States covering five business days ended Wednesday, July 10, as reported by Dun & Bradstreet, Inc., was $4,327,- 604,000 For the six days last year, clearings amounted to $4,709,621,000, making the reduction 8.1 per cent. In the preceding week this year, when con- ditions were reversed; there was a gain of 50.9 per cent. For the last| two weeks, with the difference en- tirely eliminated, the increase in clear- ings this year was 20.5 per cent, a| substantially higher amount than has previously been reported. At New York City, clearings for the | five days were $2,843,856,000, that| amount being less by 82 per cent| than the amount reported for six days | a year ago, while the aggregate for centers outside of New York of $1,-| 483,748,000 revealed a decline of 7.9 per cent in the same comparison. At a numker of cities, particularly in the West and South, clearings for the five days this year exceeded the} amount reported for the six days a| year ago. Also. clearings for the five | days this week were less than the | total for the six days of the preceding | week by $2 48 ,000. When con- ditions were reversed a year ago there was an increase of $194,029.000 for | the six days, compared with five d.'ns‘ covered by the report of a week ear1~ ier. Daily bank cleatings for the first | 10 days of July this year were higher than those for any month during me past three years. Figures at leading centers, xhcwmg increased and decreases as compared with those of a year ago, are printed herewith, also daily bank clearings for this year tc date: (Totals in thousands.) Five duys Per cent Boston Cergs| Cleveland Cincinnati Baltimore _ Richmond - Atlanta __ New Orleans Chicago Detroit St. Louis _ Louisville | . Total __ New York _ Total Average dail; July to date June all DIVIDENDS ANNOUNCED NEW YORK. July clared (prepared by tistics Corp.). 11.—Dijvidends _de- the Standard Sta- Pe- Stock of Pay. Rate. riod. record. able. Omitted. Elec Pow Assoc A Increased, Keystone St & W Co_s1 | Caterpillar Tractor Accumulated. Sec Nat Inv $5 pf____ Regular. \;m«m Millls Corp 9-16 7-15 Boston Corp. S Fourth Na corp. Kellogg Co - Kelvinator of is Neisher Brs Pac pr-s1 Noxzema Chemical Onomes Sugar - Paton Mfg Ltd of Riggs Nat Bank (Wa Riggs 3 Nat Hank v“\sh | Sheaflz sheu Tramn & Trad Sbrs Fo Or Bear S1 Southeastern Express_ = | Third_Natl Investors_45c | Tide Wa Po Si pf-SL50 @ American Machine & Foundry Co. Caterpillar Tractor_ International Cigar Machinery ____ Federal Knitting ills INSURANCE STOCKS } NEW YORK. July 11 (®.—New York Security Dealers' Association: Aetna Cas (2'28) __ Aetna Fire (1.80) Aetna Life (.80) Aericultural (3) Am Ins Newnrk € Am Reinsur Am Surety (1) - Automobile (1) Balt Amer (.108)- Boston (16)_____ Carclina_ (1.10a)_ ive: Phoenix (2050 Prov Wash (1)_ 8t Paul Fire (6)_ Springfield (412) Sun_Life Tragelers s Fire (1.50a) ‘wmchzs:er (1.20a)— a Including extras. so far this year. CHICAGO LIVE STOCK. CHICAGO, July 11 (P (United States Department of Agriculture).—Hogs, 10.000. including 6,000 direct: mostly 5 to 15 higher than Wednesdays average; heavy butchers ste: bemr “‘dteon o]u( , 9. 10:15; pack- & Declared or Dpall 05 ¢ pgm‘xxnds 9. ing_sows mostly 5al Cattle, 5,000 Soivee 1.500: Jed steers and_vearlings dull, steady to ith ‘Wednesday's downturn. or unenny 25 to 50 under late last week, mostly 50 cents on Detter grades; common and medium grades | weak to 25 lower for week: values gen- erally about as low as during sharp break three weeks ago: best light steers early 25 cholce welghty kinds held abov 11:50, most sales 8.50a10.7 strong to 25 higher at cows slow: heifers steady: bulls strong to 6.35 down; vealers steady at 00: fat lambs mostly 15 e mbs, W stflcll] choice, 8.60: rangers, 50, ‘according to kind; native ewes, 00, few best 3.25. METAL MARKET. NEW YORK. July 11 (#.—Copper. quiet; elecmamlc spot and future. 8.00: export. 55, Tin. spot Tnfl nearby, un Le e York. 4. 15-4 inc, dull; East St um 4.30, Alumlnum. 19.00832.00. ot, 12.76. t and future, Antimony, UPTURN FORESEEN IN COPPER TRADE Producers Expect Substan- tial Buying Among Large Consumers Soon. By the Assoclated Press. NEW YORK, July 11.—Copper pro- ducers are looking for a substantial upturn in demand in connection with the requirements of large users of the red metal, circles today. Confidence that such a buying movement is imminent was stimulated by the reported purchase of 10,000,000 pounds of copper by General Motors Corp. As the transaction was reported to the trade, the automobile concern con- cluded its purchase with the Inter- national Minerals & Metal Corp. on the basis of 734 cents a pound, or !4 SUIT Worsteds--Serges it was said in producing | cent below the current quotation of primary producers. According to trade sources this is the largest sale of copper to & sin- gle consumer in several months, and, involving as it does second-hand metal, producing quarters believe it will help to stabilize the market. Additional purchases of copper for the Government are expected shortly. The trade has been informed that the Navy Department on July 17 will open bids on approximately 3,100,000 INDIAN GOVERNMENT ISSUE TAKEN QUICKLY By tho Associated Press. LONDON, July 11.—Within 10 min- utes the Indian government's £10,00 000 loan, in 3 per cents, at 96%, re. deemable in 1949 and 1952, was fully subscribed on offering today. Appli- cations totaled five times the amount. | The issue partly replaces a retiring | issue of £12,000,000 which yielded 6 | per cent, PHILADELPHIA PRODUCE. | _ PHILADELPHIA. July 11 _(._—Live LIQUIDATION CHECKS LOANS ON SECURITIES By the Assoclated Press. Further dribbling loans against securities to customers other than brokers and dealers is reflected in weekly figures for member banks of the Federal Reserve System in leading cities. ‘Their security loans to “others” dropped $10,000,000 to the low of the deflation movement, in contrast with a jump of $48,000,000 in loans to| brokers and dealers, as shown in the latest weekly statement. Total security loans of the reporting banks in 91 cities compared as follows: $ Weck ended July 099,000,000 Preceding week Same week last year_ NEW HAVEN GROSS TOPS 31556.000.000 1934 MARK DURING WEEK | ¥ y the Associated Press. NEW YORK, July 11.—Gross reve- nues of the New Haven Railroad in the first week of July were slightly | above those for the same period last | year, according to Howard S. Palmer, | president of the system. Freight traffic poultry—Spring chickens, Plymouth Rocks, jellow-mested, fancy, 23 White Leghorn | protlers. ed Baultry unchansed. Flannels-Shetlands Twists--Homespuns In All Sizes for All Men To give MORE quality at a Price— Not to Lessen Quality To Make BETTER CLOTHING— Not Cheaper More volume means greater business—more salesmen—more mills busy—more men back on the job. More satisfaction for you and MORE PROSPERITY FOR ALL. SUITS 14 Tropical Worsted Extremely Cool and Well Tailored SLA recorded a gain of 4 per cent during his period liquidation of | A—17_ SHORT-TERM SECURITIES. (Reported by Chas. D. Barney & Co.) Bid. Offe; Allis-Chalmers Co. 5s 19: Amer. Beet Sugar 65 1§ Am. Tei. & Tel. Y28 194 Atlantic Refining bs hiehem Steel 55 1 | Caiifornia_Packing 55 1940 Ganadian Nor. Ry. 75 1340 Ches. & Ohio Ry Gs 1639 Ehf*als Ti'% Coke 8s 1 Chi. Northwest. Delaware Hudson f Ro G Gotham Silk Hos. s Grand Tr Canada 6s 193¢ Great, Northern Ry. 7s 1 Lehigh Valiey Coal s Louisville & Nash. bs 1 N.Y. Cht % 5t Hew York Dock b3 Pure Oil Co. Ciis Rep_ Tron & Steel Rio Gr. Western 4s 19 Sinclair Cons. Ol 7s 1 Vanadium Corp 5s 194 Wabash Ry. Co. July 11 (Special) —After serving for 40 years as cashier of Citizens’ National Bank Lere Edward Rutledge was elected vice president here yesterday. Edgar C. Trout, assistant cashier, will suc- | ceed Rutledge as cashier. | MARTINSBURG, W. Va, CLOTHES BARGAHINS SS| Effective at Once Worth Up to $25 Garments That Guarantee You Seasons of Hard Wear Giving People What They Want OWERED PRICES! Here’s the Policy We Will Follow: To give MORE value than what you pay for—when you buy cheap—you squan- der—when you buy you invest. WE WILL CONTINUE TO MAINTAIN THE NRA CODE OF WAGES AND STORE HOURS HERCULES FABRICS SANFORIZED Cords s 6 s 5 Nubs Single & double breasted Checks Imported LINEN SUITS $#795 Double Breasted Plain and Sport Backs Hundreds of Pairs—Now Here they are—hundreds of pairs—the best your money can buy and at the lo“ est pncec—all waist sizes in the new stripes, solid shades and checks. FIELDS quality— They Wear Like Iron 85 Hand Tailored SPORT COATS $975 For the Smart Dresser All Sizes Come Without Delay—Help Yourself to FIELDS Low Prices—Dramatically Daring, Yow'll Agree, But We're Giving People What They Want—LOWERED PRICES 722 14th ST. N.W. Open All Day Saturday