Evening Star Newspaper, July 11, 1935, Page 19

FINANCIAL " RAILROAD BONDS SHOW WEAKNESS Unfavorable Action Fails to Influence Other Sections of Market. By the Associated Press. NEW YORK, July 1l-—Railroad bonds were weak today but their un- favorable action failed to influence the general list. which remained steady. | The secondary ratings of the car- rier group moved off sharply and drew | little support on the declines. weakness was shared by certain of the | prime rails, which gave up major frac- | - tions to a point. United States Governments were mixed. Treasuries were under slight sure and finished unchanged to | s of a point lower. Federal Farm divisions Home Loan and steady USUAL EXTRA VOTED BY NATIONAL STEEL By (he Associated Press NEW YORK, July 11.—National Steel Corp. declared the usual extra dividend of 12!, cents and the regular quarterly dividend of 25 cents on the capital stock, both payable July 31 to stock of record lu]v 22. Washmgton Exchange S \l,lz‘ Anacosiia & Potomac R. R. 55—$1,000 at 9235, $1.000 at 927, Capital Traction 55—8$1,000 at 98, £1,000 at 98, $1,000 at 98, $1,000 at 98, $1.000 at 98, $5.000 at 98, $500 at 98, $500 at 98 Washington Railway & Electric 4s— 31,000 at 105 Capital Transit Co.—10 at 1914, 10 at 19,, 10 at 1635, 8 at 193, 5 at 191., 25 at 19! Potomac Electric Potomac Electric %> pfd.—9 at 111 5% pfd—5 at at 212, 5 at 212. American Security & Trust Co.—10 at 198, 5 at 198. Mergenthaler Lnotype—10 at 26, AFTER CALL. Mergenthaler Linotype—2 at 26. Ana & Potomac R. R. 55—$1,000 at Bid and Asked Prices. BONDS. PUBLIC UTILITY A Bid Asked. 108 1 20 10 102 STOCKS PUBLIC (UTILITY, & < Wash poan & TE SAVIN Savings | FIRE INSURANCI Com. & TITLE INSURANCE Columbia ¢ 30 __ Real Estate () MISCELLANEOUS, Carpel Corp. t1.60) D, “Ex dividerd 3 cents eatra CHICAGO STOCK MARKET CHICAGO. July 11 (P .—Following 1s the complete official list of transactions in stocks on the Chicago Stock Exchange today STOCKS H h. I.DI' C‘ose 100 Brown F&W 50 Brown F&W ° 20 Butler Bros 600 Castle A M____ Cold Stor 1il Pb Sve pf 1l Sec The | were | THE EVE G STAR, WASHINGTON, D. C., THURSDAY, JULY 11 BONDS ON NEW YORK STOCK EXCHANGE By private wire direct to The Star. Approximate Transactions Today. 1°. 8. Gov't Bonds. Foreign Bonds Domestic Bonds LIBEHTV 10152 1010 10120 TREASURY. 10127 10122 10126 10329 10325 10325 10331 1042 1057 1051 1054 1052 10430 10430 _ 10821 10821 10821 4th 4745 1933-38 2% 1955-60 35 1946-48 38 1951-55 3%81946-49 313194952 is 1941 __. 1042 aus 1944-46____ 10616 10613 106 15 33 s 1940-43 June 108 19 10815 10817 3345 1941-43 Mar 108 17 10817 }0811 45 1944-54 3 23 112 41,5-3%,5 1943-45 10623 106 19 10819 FEDERAL FARM MORTGAGE. 10110 10110.10110 10217 10217 10217 10216 10213 10216 1043 104 HOME OWNERS’ LOAN. High. Low. Close. 10029 10031 23,5 1939-49 101 1043 10212 10211 10212 FOREIGN BONDS. Abitibi Pa&Pw 58’53 Agr Mtg Bk Col 6s *48 April cou on__. Akershus 58’63+ Antioquia 7845 A. Argentine 538 '62_ Argentine 6557 A _ Argentine 6s'58 B. Argentine 65’59 June Argentine 6s '59 Oct. Argentine 6s '60 May Argentine 6s '60 Sept Argentine 6s'60 Oct_ Argentine 63’61 Febr. Argentine 65 '61 M Australia 41s'56. Australia 58 '5! Australia 585 | Batavia Petr 4325’42 | Bavaria S 6138 '45 Belgium 6865 . Belgium 6125 '49_ Belgium 7s '55_ Belgium 7s '56- Bergen City 58 '60. Berlin 6125 '50 Berlin Elec 6s °5! Berlin Elec 6% '51__ Bogota 83 "45___ | Bolivia 7s '58_ Bolivia 78 '69. Bolivia 88’47_ Brazil 62s '26- Brazil 6%s " Brazil 7s'52 Brazil 8s'41 | Bremen St 7s '35_ Brisbane §s Brisbane 68 Budapest 6s '62 unmat cou on Buenos A 6s'61 Pv. Buenos A 65 '61 st Py BuenosA6l;s'61stPv Buenos A C 6s '60 Oct Canada 4s 60 | Canada 58 Chile 63 '60 Chile 65°61 Jan___ Chile 6s 61 Febr_. Chile 6s'61 Sept | Chile 6s Chile 6 Chile 7s '42 Chile \‘llx Bk 6s°61 Chile Mtg Bk 6s'62_ Chile Mtg Bk 632557 Chile Mtg Bk 6% s'61. Chilean Mun L 7s'60. | Colombia 6s '61 Jan Colombia 63 61 Oct. | Col Mtg Bk 7s '46 Copenhagen 58 '52 Cordoba 7s '42 Prv_ Cordoba 78’57 stpd__. Costa Rica 78’51 A May coupon on... | Cuba 51es'45___ Czechoslovakia 8s'52 Denmark 4328 '62 Denmark 5%s Denmark 65’42 Dominic 1st 5%s Dominic 2d 5%s '40 . Elec Pw Ger 6135 '50_ Fiat deb 7s '46 Finland 6s '45 Finland 6158 '56__ Frankfort 6 French Gov 735 "41_ | GerCBxA6s'38 ___ Ger C Bk A65'60 July Ger C Bk A 6s'60 Oct GerCBK A 78'50.._. Ger Gen El 6348 Ger Gen El 6155 '40_ Ger Gov 5%5°65 ___ Ger Prov & City Bk con Ag 6345’58 Ger Rep 78’49 GrtBr& Ir5%s'37 _ Grt C El Jap 6%s ‘50 GrtC ElJap 7s'44_ Harp Min 65’49 ww. Ttaly 7851 Ital PUCrd 7s'52 Japan 538 65 Japan 6%8'54 Kreu&Toll 58" Met Water 535 '50_ Mex sf 55’45 asst Milan 6%8'52 . _ .. Minas Gers 6%;s'58 Sept coupon off __ Minas Gers 635 '59 Sept coupon off ___ Montevideo 6s Montevideo 7s New So Wales bs ‘57 Norway 58 '63 Norway 6s '4: Norway 6s'52 Nuremberg 6s '52._ Oriental Dev 6s '53_. Oslo 6s'55___ 0Oslo G & E 55 '63_ Pernam T7s '47 Sept coupon oft Peru 6s '60 Peru 6s'61 Peru 7s 59 Pirelli 7s'52 Poland 8s'50 Prussia 65 '52_ Prussia 6%s '51 Queensland 65’47 Queensland 7s 41 Rhinelbe Un 7s "46._. Rhein-Rhur 6s°51 Rhine W E1 P 6s '53... Rio de Jan 635’63 Aug coupon off __ Rio Gr do Sul 6s '68 June coupon off _ 102% 102% 112% 31 . 10415 10415 104'% 108% 108% 108% 147 1143 1141 109 108% 108% 108% 109% 109% 36 29 37 14% 14% BOND AVERAGES 20 Rails. —6 811 81.7 81.3 89.3 878 6.4 89.4 4.5 © 458 101.1 10 10 Indust. Util. Unch. -~2 98.4 96.9 98.4 97.1 96.5 933 90.2 88.2 98.4 97.1 922 845 929 889 73.7 68.2 40.0 64.6 98.9 102.9 10 Low-Yield Bonds. Today’s close_. 110.5 Month ago --- 109.8 1935 high. 110.7 1934 high..... 1083 1928 high - 1044 Previous day-- Year ago --.- 1935 low ..-I- 1934 low ... - 1932 low ---.. Compiled by the Associated Press. Am & For Pw 55 2030 71 T0% Amicecv5s'53. - 85 84 Am 1 GCh5%s’49 111 110% Am Intl 5%s 49 - 95% 95% Am Roll Mill 43,8 ’45. 103% 1021, ‘Awmn Smelt & R 55 °47 . 101% 101% Am T & T gold 4s'36. 102 AmT& T 4%s'39___ 108 Am T & Tcl tr 55’46 109% Am T & T deb 55 '60... 112% Am T & T deb 55 '65-. Am T & T 5%s’43 Am Wat Wks 5544 __ Am Wat Wks 6375 Am Writ P 65 '47 cfs_ Anglo Ch Nitr 7s '45 Ann A 1stexin 4s'95 Armour & Co 448 ‘39 Armof Del 5%5’43__ 1 A T&S Fe 45 '05-'56.._ A T&S Fe4s'60 ____ A T&S Fe ad 4s '95 st A T&S F ad4s'95 st rg A T&S FeC A 414562 A T&S Fegn 4s'95__. A T&S Fe 41;s 48 108% A T&S F RMt dv4s'65 104 Atl Coast L 1st 45’52 b 96 Atl Coast Liclt 45’52 73V 73 AtICLun4%s’'64 4 6% Atl Coast L clt 5545 941y Atlantic&D 1st 4s'48. 29 Atlantic&D 2d 4s'48_ 2 23% 24 Aust & Nor 5s'41__ 9 99 Baldwin Loco 55 "40._. 4 1003 100% B&O 1st 4548 10212 1034 B&O4%s'60 485, 4915 B&O 1st 53 '48 108t 10814 B 5595 631 631 B 2 62 B & O ref 532000 D 62 B & Oref 6s'95 C 4 B&0O PLE&W V 4s'41 b, 991, B & O Swn 55°50__ 963, B & O Toledo 45 '59__ Bang&Aroos cv 4s BatCrk & St 3s'89 __ Beech Crk 4s'36 gtd__ Beech Crk 4s 36 reg _ Bell T of Pa 55’48 B Bell T of Pa 5s'60 C. Beneficial L 65 '46 Beth Stl p m 55 °36___ Beth Stlrf db 55 '4 Bos& Me 4%s'61J__ Bos & Me 55 '3 Bos & Me 53 67 BklynCy R R o8°41.. Bklyn Edis 55 '49 Bkiyn Edis 55 '52 E BKIyn M T 55’49 A Bklyn M T 6568 A. Bklyn Un El 55 Buft R&P con 4 BCR&Nclbs'34 Bush T Bldg 5s '60 __ By-Prod Ck 5= '4 Calif Packing 5540 __ Can'dian Nt R41;s'54 Can'dian Nt R4155'56 Can'dian Nt R41:8'57 Can'dian Nt R4% '35 Can'dian Nt3s'63July Can'dian Nt 5s'69 an'dian Nt R 5 an N db612s'46 Can'dian Nr db 7s "40 Can’dian Pc db4sperp Can’dian Pc 425 "46_ Can'dian Pc 4125 '60 Can'dian Pc 5s'44 cfs Can'dian Pc 58 '54 _ CaroCl& O 6s'52 A 110% Cent of Ga 15t 55 '45_ 45 Cent of Ga 55 '59 C Cent Hud G&E 55 '57. Cent I E & G 55 ‘51 Cent N Eng 4s'61____ Cent of N J 4s°'87_ Cent of N J gen 55 ‘87 Cent Pac 1st rf 4s'49 Cent Pac 1st 4s'49rg Cent Pac 5s'60__ Cert'd deb 5155 ‘48 Chesap Ccv cl 554 Chesap Corp 5s "47 C&O4%s 93 A C&O04%s'95B_. C & Ocon5s’39 C&O R&A 1st 45 '89_ Chi & Altref 35’49 __ Chi B & Q gen 4s '58 _. Chi B&Q ref 5s'71___ ChiB & Q 4%s'77_ Chi B&Q 1dv 3 ChiB& Q1div4s’49 Chi & E 11l 58’51 Chi Grt W 45’59 CM&StP gn 33:5'89B. CM&StP 4s 89 z CM&StP gn 41,5 '89 C CM&StP 435589 B _ CM&SEP 4% s CM&StP 58" & CMStP&P fid] 552000 Chi & NW gn 33587 Chi & NW gn 4s '87 Chi & NW 435 2037_. Chi & NW 41.s2037C. Chi& NW 43%s'49___ Chi & NW 4% s "87_ Chi & NW gn 5s '87 Chi & NW rf 58 2037 _ C&NW Nr W 632536 Chi R I&P rf 4s’34___ Chi R I&P rf 45’34 cf_ Chi R J&P gn 45’88 __ CRI&P 4%8'52_____ Chi R I&P 4%s '60 Chi T H&S inc 58 Chi T H&S 15t 55 '60_ Chi Un Sta 435’63 A Chi & W I con 4s°52_. Chi& W 1538’62 Childs & Co 58’43 ___ Chile Cop deb 55 '47 _ CinH& D2d4%s'37. 103 103 CinGas El 4s'68 A__. 107% 107% Cin Un Ter 5s 2020 B. 112 112 CCC&StL rf 4%s'17E CCC&StL rf 5s'63 D_ Clev Un Ter 4%8°'77. Clev Un Ter 5873 B.. 1021 100 105% 10113 110 110 1023, 101% 1121 1063, 1081 10815 100% 100 106% 106 66% 651 95% 953 High. Low. C]mz 1 70 High, Low. Close. 8012 80% 80% Gen Steel C 515849 12% 12 12% Gen Thea g 6540 Goodrich 6 " 99% 981 98% Goodrich 6%s '47__.. 108 108 108 Goody'r T&R 58 57 _ 105% 105 105% Gotham Silk H6s’36. 92 92 92 Gr Tr'k of Can 6s '36_ 105% 105% 105% Gr Tr'k of Can 7s '40_ 104% 104 104% GtN Rref 4%s'61 A 104% 104% 10415 GUN R gen 4348'76 D 86% 86l GtNRgen4%s'TTE 85% 86% GtNRgen5s'73C__ 913 91% GtNR5%s "l 97 9T4 GtN R gen 7 Green Bay 58l Gulf M & N 5%8°50 Gulf Sta St15%s'42_. Har Ry-P C 1st 4s54. Havana El con 55 '52_ 3 Hoc Val 413899 _ 116% 116% Houston Oil 5%5'40_ 977 97% Hudson Coal 5552 41 41 Hud & Man inc 63 '57. 31% 31% Hud & Man ref 58 '57. 864 85% 111 Bell Tel 55 °56____ 109% 109 109% 11 Cent 4551 1054 105% 105% 111 Cent coll tr 4s T4': T4% T4k 111 Cent col tr 4s '53 661y 66% 111 Cent ref 4s'55_ 778% 74 111 Cent 435 "66 ._ 511 50 ICC&StL NO 4%;5°63 60 ICC&St L NO 58 '63 623 111 Steel deb 4155 40 107 Inland Stl 4%s'78 A_ 107 Iniand Stl 4325 '81 B_ 106 1057 IntR T 1str! 891, 88 IR 1st « 87 IntR T 6s'32 - 59 IntRT6 - 5413 8 90 89 Interlake fs 79% Int Ag col 42 8 99 int Cement 63 104 Int Gt Nor 6552 A_ _ 3015 Int Gt Nor adj 6s'52A 6y Int Hydro El 6s°'44__. 453 Int Mer Mar 68’41 __ Int Pap 1st 5s Int Pap ref 6s Int Rys of C A 6 Int Ry of C A 6 INtUT&Tev 4 IntT&T4 IntT&T5s Inv Eq 5548 B ww lowa Cent 55 "38 ctfs_ James F & C 4839 R13, | KanCFS& M4s'36. 37 Kan CFS&Mrr4s'36ct 35 KanC P& L 435 '57_ 113% Kan C Sou 1st 35'50 . 75% Kan C Sourf in 5s 50. 61% Kan C Ter 1st 45 '60__ 107 KanG & E 4%s'80 __ 104 Kendall 513548 ww_ 1025 Ky&Ind T 416561 __ &9 Kings County Elev 1849 __ Laclede Gas l.aulnru Leh C & N 415 Leh Val Coal Leh Val Har 58'54_ _ LVNY 41,540 gtd Leh V Pa con 4s 2003 LV Pacon 43 Leh V RR con Ligg & Myr 5551 Loew's 6s "41 Long Dock 6s " Long Isl ref 4s'49__ Long Isl unif 4s 4 Lorrillard La & Ark 58 L & N unif 48’40 L&N43%s2003C. L & N 552003 B MCro'yS5%s" Mcl\e*s& 1021 105% 100% 5314 63y 91y Mead Co 6s "45_ 95 Met Ed 1strf 4% '68 107% Met Ed 1st rf ; Midvale S&0 5s Mich Cent 312 Mich Cent 41 MilER&SLG5s’61 _ MStP&SSM cn 4s '38_ 34% MStP&SSM 5s 38 gt_ 401 MStP&SSM 51%s'49__ 22 2 22 MStP&SSM 51878 8% MStP&SSM rf 6s'46A Mo Il 58’59 ____ __ Mo K & T 1st 4590 MoK&T4s'62B MoK &T5s'62 A Mo K & T adj 556 Mo Pac 4s'75_ Mo Pac 5s'77TF__ _ Mo Pac 5s ‘77 F ctfs Mo Pac 55 '78 G Mo Pac 5s'81 1 Mo Pac 5%s'49 A Mont Cent 65 '37 Mont Pwr ref 5s Mont Pw ref 5s '43 rg. 106% Mont Pwr 55 '62 A Mont Tram §s 4 Mont T gn rf 5. A Morris & Co 4155 '39_ Mor & Esx 3%5 2000 937 Mor & Esx 418 '55... 88 Mor & Esx 88’55 - 96% Nassau El 4351 gtd_ 61% Nat Dairy 5% s'48 __ 104% Nat Dis P C 4128 '45_. 100% Nat Steel 4565 _ 103% Nat Steel 55 '56 105% New E T&T 4%5s'61... 123% New J P&L 4%s'60 . 105 New Or GNR 55’83 A 60% NewOrPS5s'52 A__ NewOrPSGis'56B . 79 107% 107% 107% 107% 102% 1027% 1033, 98 100 High. Low. Close. Nor'n St P 63’41 B__. 107% 107% 107% Ogden L C 48’48 33 33 83 Ohio Pub Sve 7s'47__ 1121 112% 112% Ohio River 1st 53 '36_ 102 102 102 Ont Trans 1st bs '45__ 112% 112% 112% Ore RR & N 48’46 108% 108% 108% Ore WR R & N 4361 1056 1043 105 Otis Steel 68 '41 94% 94 4% PacG & E bs '42 107% 107 10T% Pac Tel 1st 55 '3 106% 106% 106% Par-F-La 6s 47 cfs_ 96 94% 94% Par-F-La 6547 filed. 96 96 Park-Lx 6%s 53 efs. 30 29% Par-Pubbls’50 cfs 97% 97 Par-Pub 51,8°50 filed 97% 97% 97% Parmelee 65'44_____. 31 31 31 Penn Dixie C 65 '41 907% 89% 90% Penn R R con 48’48 __ 112% 112% 1124 Penn RR cn4s’48 stp_ 113 113 113 Penn R R4%s'81 D__ 106% 106% 106% Penn R R 4% s '84___. 106% 106% 106% Penn RR con 4%s'60 119 119 119 Penn RRgn4%s’65 109 108% 109 Penn R Rdb 4348°70. 97 96% 96% Penn R R 4%s'63 106% 106% 106% Penn R R 5864 . 106% 106% 106% Penn R R gen 58 115% 115 116 Penn R R 6%35 - 103% 103% 108% Penn P & L 4%s'81__ 106 105% 105% Peo G Lt&C rf 5s’47_ 107% 107 107 Pere Marq 418’80 __ 78 18 Pere Marq 1st 55 '56_ 85 85 Phila Co bs '67 - 99% 991 99% PhilaElCo 48'71___. 107 107 107 Phila El Co 4% '67 ._ 108% 108% 108% Phila& RC& 158’73 604 6014 60% Phila& RC&16s'49 39% 39% 39% Phillips Petr 53 s°39 103 102% 102% 26 29% 97% Philippine Ry 48°37_. 27% 27T% 27% PCC&StL 4%s8'77 C.. 107% 107% 107% PCC&StL 65°70 A Port A C&D 6s Port Gen El 4%s Porto Rico AT 6s'42. Postal Tel & C58°53. 27 26% 26% Pressed StIC5s8'33__ 53 50% b52% PubS El & G 4%8°67 106% 106% 106% Pub S E&G 4%s'70__ 106% 106% 106% Pure Ofl 5%s°40 ____ 101% 101% 101% Purity Bak 5548 97 97 97 Reading Jer C4s'51.. 98% 98 98 Reading R 4%5'97 A. 106% 106% 106% Rem-R5%s8'47 Aww. 104 104 104 Revere Cop&B 65’48 _ 108% 1081 108 Richfleld O 6s’44 cfs. 33 32% 32% RG W 1stexin4s’39 82 81% 82 RioGWcol4s'49 A_ 32% 32% 32% St Jo Ry L T&P 53 '37 103% 10315 103% St L IM&S R&G 45'33 66% 67 55... 175 5 75 SF4s'50A . 12 11 1% 10 83% 57 St LS W 1st 45 St L SW 1st ter 5 StLS W gnrf5s'90_ 461 St P M&M ext 58 108 108 San A&A Pass 4s°43. 85 85 San An Pb S 6s'52 A_ 109% 1094 109% Seabd AL6s'45A_ __ 5% 5% 5% Seabd AL 6s’45cfs . bl 5 Seabd A-F1 6s'35A ct_ 37 Sharon SHG51s'48__ 94 4 103% 104% 103% 10314 12 112 Sine CDnOBHH 38 B 101% 101% 101% Sinc Con O 7s'37 A__. 101% 101% 101% Skelly Oil 5% '39_ So Colo Pwr 68 47 A_ So Pac col 4549 _, So Pac ref 4s So Pac 415568 _ So Pac 4328 '69 .. So Pac 4%s'81 So Pac Ore 41587 So Pac S F Ter 4s '50_ So Ry gen 45 '56 A___ So Ry 5s'94 So Ry gen 6s'56 44 42 43y So Ry 63556 - 454 431 45 Southw Bell T 55 '54_ 108% 107% 107% J s 103% 103% Stevens Hotel 6s'45_. 20 20 Studebaker cv 65 "45_ 427 43 Swift & Co 3% s'50... 1041 104% 104% Syracuse Lt 5s’51___ 120 120 120 Tenn Cent 6s '47 __ 591 59% Tenn El Pw 6547 A 103% Texarkana 5145 50 905 Tex Corpcv 58’44 103% Tex & Pac 58’77 B_ 907% Tex & Pac 58 '79 C._. 903, Tex & Pac 53°'80 D 894 Third Av ref 4s '60 . __ 551 Third A ad in ex 58'60 21% 21% Trumbull Stl 65°40__ 103 Un El L&P 58’57 106 UnOCal 6s'42 A, 119% Un Pac 1st 4s "47 111% Un Pac 4547 reg_ 109 Un Pac 4568 __ 103 Un Pac 1st rf 45 2008 107 Un Pac 4355 " Unit Drug b: 92 978 30 901 Util P& L 53 '59 ww.. 474 UtllP&L5%s 47___ 495, Vanadium cv 5s'41__ 81y Ver Sug 1st 7s '42 cfs ] 111 Va E&P 1st rf 5s'55 A 107 Va EI&Pr5%s "44.__ 111% 111% 111% 111% 111% 17% 848, 85 1055 105% 3215 34 35'- 3 82% 82% Wabash 415 '78 ctfs_ Wabash 5376 B_____ Wabash 55’80 D_ Wabash 5s '80 D ctfs. Wdbash lsl 5839 Wabash 51575 Walworth 6545 A Warner Bros cv 6539 Warner-Quin 6s 39 _ Warren Brcv 6s '41_. W PaPlst5s 46 A__ WPaPlstis'6s E__ 1204 W Sh 1st 452361 gtd_ 8215 2 UnEL&P5%s'54 _ 106 1057 106% West'n Md 1st 4s 97 96 96% West'n Md 5%s’77 _ 104 103% 103% WestnNY&P 15t5s'37 105% 105% 105% West'n Pac 5s'46 A__ 331, 3315 331 West'n Pac 58’46 Aas 33 33 33 West'nUn4%s’50 . 95 94% 95 West'n Un cl tr 5; West'n Un 55’51 West'n Un 5s 60 West'n Un 63s'36___ 102 102 102 Wheel Steel 4145 '53_ 1004 100% 100% WSpStlist7s'35ct. 11% 11 11% WSpSticon7s'35ct 10% 10 10% Wilson&Co 1st 65 "41. 108% 108% 108% WisClstgnds'49___ 8% 8% 8% Youngtn S&T 5s'T0 B 98% 98 98 Youngtn S&T 55’78 A 981 97% 98 - COMMODITY PRICES NEW YORK, July 11.—The Associated Press wholesale price index of zn basic commodities today declined to 701 The previous day it was 70. eek ;& month llu, 6988, lnd 0 year ago, 63.65. Range of recent years: 935, High Low 96% 96% 96% :qulh ll.lO. 11 | 1935. CAPITAL PRODUCE PRICES ARE STEADY Few Quotations Changed on Eggs, Live Poultry and Other Lines. Most quotations were steady at un- changed levels on the Washington produce market today. The summary, with egg and live poultry prices, furnished by the De- partment of Agriculture, follows: ER—One-pound prints (92 ore), 1-pound prints (90 score). 1-pound prints (S0 score) ln?fl- veal pork medium, ° 9.50: m%m. 4.00a7 afi00: Spring Market prices. Cumm receipts, ¥ nery whites. 2412226: Govi ded and dated white un inchicing srading and marketing costs). U. S. extras, large, extras, x mediums, 26%: U. 8. lnflll‘dl iary standards, | !rmr—hum steady. Prices Uowi: Colored 5 pounds jand pounds. 14; 1 1o, "Rorine chickens: no 15a17; Blymouth Rocks, under ds, 218%2: over 3Y2 pounds, 22% rke) 16a17; toms, 14 e 0088 99, steady Hens, CANADA DISCLOSES BIG GOLD PROFIT Revaluation Brings Approximate- 1y $63,000,000 to Treasury and $10,500,000 for Banks. By the Associated Press. OTTAWA, July 11.—The Canadian treasury profited approximately $63,- 000,000 by the revaluing of gold and the chartered banks about $10,500,000. The weekly statement of the Bank of Canada, issued today, showed the effect of the revaluation under the exchange fund act, which received royal assent last Friday. Gold coin and bullion in today's re- port held by the Bank of Canada was listed at $180,179.470, whereas a week ago It was $106,671,415. Before the exchange fund act came into effect, gold was valued at $20.67 an ounce. Under the act it is at the market value of, roughly, $35 an ounce. CORPORATION REPORTS TRENDS AND PROSPECTS OF LEADING ORGANIZATIONS. NEW YORK, July 11.—The follow- ing is today’s summary of corporation news prepared by Standard Statistics Co., Inc., New York: United States Rubber Co.—Subsid- iary, United States Rubber Produots Co.. received contract from quarter- master depot, Boston, to supply Civil- ian Conservation Corps with 186,169 pairs of footwear. | asset value on May 31, 1935, equaled ber 30, 1934. Chicago Corp.—Net assets as of June 30, 1935, were equal to $52.82 a share of $3 convertible preferred stock vs. $48.10 a share on December 31, 1934. General Public Service Corp.—Net asset value on June 30, 1935, equaled $100.68 per preferred share vs. $71.55 on December 31, 1934. Mayflower Associates, Inc.—Net as- set value on June 29, 1935, equaled $53.10 per share vs. $50.98 on Decem- ber 31, 1934, Brown Shoe Co.—Company has filed with Securities and Exchange Commis- sion a registration statement covering $4,000,000 of debentures to be used for retirement of 7 per cent preferred stock, which on April 30, 1935, con- sisted of 31,559 shares. United States Leather Co.—Com- pany has experienced a marked pick- up in demand for leather in last 10 days and has sold a large quantity for immediate delivery at the advanced prices established in May. United Verde Extension Mining Co. —Copper production in June totaled 2,222,200 pounds vs. 2,441,058 in June, 1934; in 6 months output was 10,- 349,232 pounds vs. 14,723,756 pounds. Glidden Co.—June sales were up 235 per cent; eight months up 27.9 per cent. Barnsdall Corp.—Company reported a profit of $201,899 for June. Abitibi Power & Paper Co., Ltd.— Subsidiary, Manitoba Paper Co., Ltd., resumed operations at its Pine Falls, Manitoba, plant, ghut down since Feb- ruary, 1932, ‘Wheeling & Lake Erie Railway— Prior lien share earnings, five months ended May 31, were $3.80 vs. $4.91. American Water Works & Electric Co.—Electric output for week ended July 6 increased 6 per cent over like 1934 period: in the preceding week gain was 7 per cent. Chrysler Corp.—Chrysler car deliv- eries in week ended July 6 totaled 1,028 units against 1,173 in preceding week; cumulative sales total for first 27 weeks is 24,538, a gain of 89.8 per cent over like period of 1934. Ford Motor Co.—Production of Ford American & Continental Corp.—Net | $14.94 per share vs. $14.99 on Novem- ! FI DATAON SOUTHERN Holders Disturbed by Sharp Decline in Securities of Railroad. Special Dispatch to The Star. cent decline in the average price of much or little with respect to the im- It is, however, disturbing to holder. of the securities of the road just at a time when two carriers ceclare themselves unable their fixed charges. The Southern Railway is not in this situation President Fairfax Harrison has recently stated that 1t had met its July interest “and does not face any immediate financial difficulty.” October, to meet early part of this year, the Southern Railway first consolidated 5 per cent bonds declined from 103 to 77, the developmeni and general 6%;s from | 86 to 35, the 6s from 81 to 35 and the 4s of this same mortgage from Offered by Institutions. Quite heavy offerings occurred, fald to have come in part from in- stitutions that have been carrying ine bonds and were influenced bv the receivership announcements of the Chicago & Northwestern and St Paul, as well as by speculators who had bought these issues a year or so ago and were getting out while they had a profit. Some 12 years ago. what were known as the Case-Milburn aiterests bought heavily into Southern Railway common stock. When they began their operations, its price was below $25 a share. They did a great deal in the way of improving the operating methods of the property and enlarg- ing its facilities, By 1925, they were paying a dividend of 5 per cent on the junior shares, or the same amount as was then being distributed to hold ers of the preferred stock. The (ollov\lng year, the dividend was raised to 7 per cent, and in 1928 to 8 per cent. The stock rose in that period above 165 on the rumor that the rate was to be still further in- creased to 10 per cent. It was in this period that evidence began to appear that some of the “insiders” were selling out. In 1932 the stock sold at 2!;. IL is now around 7. In the 1929 panic, Southern Rail- way common dropped to 109 from 162%, the high point of the previous Summer, which was a most creditable performance. In spite of the fact that the railroad experienced a de- ings from 1929 to 1931 and had a deficit of about $6.000,000 in the lat- ter year, it paid $4 a share in divi- dends in 1931 after $8 a share in 1930, $55,000,000 Paid Out. This brought the total dividends paid on the common stock in the 1924-31 period to about $55,000,000. Some of this money would be useful to the road today. In 1932, the Southern was one of the first borrowing clients of the Reconstruction Finance Corp., from which it obtained a three-year loan of $7,500,000. It later obtained other loans from this Government agency. as well as from the Railroad Credit Corp. It is only fair to state that the Southern Railway, like practically every other transportatica unit in the United States, has been injured by the loss of business from truck and water competition and plagued by high taxes and increased wages. While benefit- ing, prior to 1935, from better average business conditions in the South than in other parts of the country. its earnings have been affected more re- cently by the unpromising situation with respect to cotton and the reve- nue from the cottcn crop and its collateral values in those States to which the system runs. (Copyright. 1935 ) - —— NEW YORK. July 11 i —New York Security Dealers’” Association (Quotations as of 2 o'clock.) Bank of Man (1'3) Tr (3) Y T Public Title G & T = United St Tr (*101_ *Including extras U. S. TREASURY NOTES. (Reported by Charles D. Barney & Co.) Bat&Mllnnly L '35, ANCIAL ' at 4963-16 \whxlc later in New Ycrk the British NEW YORK, July 11.—The 50 per' unit dipped ’s of a cent at $4.96. mediate credit affairs of the company. | in the | Northwest have been compelled to| It has clear sailing unm] | dollar was quoted at 15101, From the high figures made in the | Security at the beginning of this week. There | fii has subsequently been a good rally. | ¢ cline of $45.000,000 i its gross earn- | NEW YORK BANK STOCKS *eE A 19" INVESTORS STUDY “gzcine European Terms of Dollar | By the Associated Press. Leading European monies drifted qulelly and narrowly lower against the dollar in world exchange markets to- | day. | continued to rally as silver prices were | again advanced. Silver currencies of the Far East The dollar gajned slightly in London to the pound sterling, In Paris the dollar was likewise a Eouthern Railway bonds from the | little firmer at the equivalent of 6.621 high peint of the year may mean |Cents to the franc. | market the franc lost at 6.62; cents. In the American 007 of a cent Guilders held even at 68.15 cenis | and Swiss francs dipped .02 of a cent at 32.78 cents in New York. Hongkeng dollars advanced 125 cents in American dealings at 54.00 cents, .24"2 of a cent up at 3.962'; cents. while Shanghai dollars were PARIS, July 11 (#) -Three per cent rentes 76 francs 35 centimes: 412 per cent rentes, 83.30. Exchange on London, 7494. The INVESTMENT TRUSTS NEW YORK. July 11 (7 —New York Association auotations ) _ Asked a2 1.07 ! FEDERAL LAND BANKS NEW YORK. J Bank “(Qlotations a« of g hhwh Portland Cement Co—Pre- ferred share earnings. 12 months end- ed June 30, were $4.59 vs. 15 cents | WANTED—To borrow, from pri- vate party, $10,000. Will give excellent security plus liberal dis- counts and pay regular interest. Address BOX 42-M, Star Offict WANTED—Moderate amount of cash from private party who is interested in both safety of invest- ment and liberal discount. Addreu BOX 43-M, Star Office Have note of $2,000 of well-rated company. Pay- able in 9 months. Will sell at liberal discount. Address BOX 44-M, Star Office Why don't you convert your Non. interest Bearing Bonds and Securi. ties into 6°c Interest-bearing Securities? Give full particulars in first letter, Box 45-M, Star Office " DISTRIBUTOR Dayton manufacturer wants di: tributor for District of Columbia. Products sell for $6.50; your profit, $3.25. 140 definite leads furnished weekly. Small invest- ment assures you steady yearly income. Call Mr. Griffith, Hotel Hamilton. Assets Over One Million Dollars % ON. SAVINGS! PRUDENTIAL ° BUILDING, ASSOCIATION Becand Na) Bask Blde. 1331 G St. NW. Dis. 8270 DIRECTORY Rome 6%s '52____. 62% Rumania 7s°59 Aug coupon off . __ Sao Paulo C 6%s '57 May coupon off ___ 100 Dayton Rubber A 15% Sao Paulo St 6s '68 150 El Household ___ 14}2 s 14 July coupon off___ 370 Elein Nat Watch 23 Sao Paulo St 7s'40___ 50 Godchaux Sug A Sao Paulo St 7s ‘56 350 Goleblatt Sept coupon off___ Sao Paulo St 85 '36 62% 33% 33 New Or T&M bs 54 B piled by °3.'= Assoctated rm".'“ % €oM- | months of 1935 in United States and New Or T&M 5%s '54 h P SUGAR—Futures No. 3 ciosed steady, | Canada totaled 810,700 units; foreign NXcentsun = 3 380 % depfamber 5 47b: December. 2:50b: :s:n“flfl“r: ffl;] "hewpt::iod e 57-- Columbia G & E deb - o 2-08D: ’ ;| 804, making the production 55’52 April ____. 925 92| N ¥ G or ke s : SR 2oteuet B Noia el | 848504, Columbia G & B 9 Cane ba it h. Santos, Bourbon 38 ( General Motors Corp.—Retail Olds- oSS My @, o S it g mobile sales in first half totaled 86,- Cob T TG*-EE*. 045 cars, an all-time record for period Clev Un Ter 5% 5724 Colon Oil 6s '38 Col & H Val ext 4s'48. 109% 109% ColoIndcltr5s’34__ 25 25 Col & So 4%s’'80 asst. 57 56 passenger cars and trucks in first six COMMOD[TY BROKERS COTTON Member N._¥. Cotton Exchange Laidiaw & Co. ....DL 2258 e o o GRAIN Members Chicago Board of Trade Harriman & Keech P‘J)A'. ‘!'222 250 Cord Corp 400 Crane Go 2 Crane DL %00 Dayton Rub) 15% 16% 6% 16% 15% 15% 6% 1 67 10815 108% NYCLSh3%s'98 _ 88 88 ) Gt Lakes Dredge_ June 15, 25-32 100 27 100 Ind Pneu Tool_ 10 Inters Pow $7 850 Kalamazoo Stove 30 Katz_Drus 3 40Ky Ut Jr cum nl 32 150 Ken-Rad 300 Bevatone Bt = July coupon off___ Sao Paulo St 8s5°50 July coupon off __ Saxon Pb W 612s°51_ Saxon Pb W 78’45 __ Saxon St Mtg 7s "45__ Serbs 7s '62 unm c on Serbs 8s '62 unm c on. Con Coal MA rf 5860, 38% 36% Con Coal Md 58’50 cfs 38% 37 Con Gas N Y 4%s'51. 107% 107 Con Gas N Y 5s'57__. 105% 105% Con G N Y db5%s'45. 105% 105% Consumers Pw 5s '52. 106% 106 Container deb 5s'43_. 90 90 Container 6846 _ . 103% 103% NYC Mich C 3%s'98_ 86 86 NYC&StL 1st 4s '37 NYC&StL 4%s 78 NYC&StL 1st 6s '35 59% 58l N Y Edison 55’44 B__ 108% 108% NYEdrf6%s’4lrg. 112 111% NYGEl HEP 45°49. 114% 114% & Green L 5s'46. 901 90% 101% 101% 541 53% n. .000. Sej March. 7 74b: May. 7.30n. CRUDI to 10 lower: sale: contracts. July, 12 0b: Oln Illrth " gmoved riobed: JES—] losed 1 la) hltllu{‘.cale —r rrggcu er. 3 lnreh 11.11b. and comparing with 37,226 cars sold e in first half of 1934; production of 1935 models up to June 30 totaled 104,003 units against 51,938 in like 1934 period; company has purchased 10,000,000 pounds of copper from In- ternational Minerals & Metals Corp. MONEY MARKET. steady: by per cent all day. Time loans steady: 60-90 days. '4 offered: 4-6 months, Yo offered. Prime commercial paper. i Bankers' _acceptances un- changed. ' Rediscount rate. New serve Bank 112 per cen NEW YORK, July 11 (#.—Call mones York Re- | Imer & Co. o o 0 RUBBER—HIDES METALS—SILK Members Commodity ucbln:o Ine. NA. 5500 Shin’su E1 P 6%s'52_ at 7% cents a pound. Silesia Elec 6% '46. Sydney 5%s 65 _ Taiwan Elec 5%s '71_ Toho El Pw 7s '55 Tokio 58 '52 . Tokio 5% ’6: Tokio El Lt 6s Trondhjem 538’5 Tyrol Hy E1 7%s'55_ Ujigawa EP 75’45 . Un Stl Wk 6%s'51 C_ Upper Aust 63%s'57 unmat coupon on_ & Harl 3%s2000. 102 102 W 1st 45'73.. 100% 100% 28% 28% Crown C& S 6s'47__. 106 106 Crown Will P 6s°51_. 104% 104 Cuba R R 1st 5s '52 41% 41% Cuba Nor RR 5%s'42 48% 48% Cumb T & T 55’37 __ 106% 106% Del & Hudref 4s’43.. 78 76% Del & Hud 5%s8'37._. 95% 954 Den G & E58'51____. 106% 106% Den & R G cn 45’36 29 29 Den& RG WHs'55_- 9% 9% Den&RGW 58’65 asst 8 8 Den&RGrf65s'78 . 20% 19% Det Edison 4%s'61 D 112% 112% 112% Det Edison bs°52 110 110 110 Det Edison rf 5s°55.. 108% 108% 108% DulSS&At6s'37 .. 57 53% 67 Duqu Lt 1st 4%s'67_ 104% 104% 104% EastCuba S 7%s'37_ 15% 15% 15% ETV&Gaenbs’'66_. 105 104% 105 EIP&S Wref5s8'65. 99% 99% 99% 150 Lincoin Pr 130 Loudon Pack _ - 150 Lynch Corp .~ _ 100 Marsh _Field pounc W SXLK—HI!IH’II closed luld 2 lower; sales. 620 bl| uly. October. 1. 13 market auotations (80-day bas hal_steam filature 78 per 20-22s, 1.30; Canton double extra 14-16s. 1.20; Japanese special crack dou- SR N G - 13-18s, b—Bid. n—Nominal. BALTIMORE STOCKS N Y Steam 1st 65 '47 msu mm 109% !P;l;l:uu:;:h :o;'h'l :‘-h NYS&Wgen5s'40__ 47 47 47 by NYS&W 1strf5s'37. 51 51 51 [Seles, = STOGKE ~ High. Low. Close. N Y Tel gen 435 °39 _ 111% 111% 111% 13% 13% 13% N Y Trap Rock 6s'46. 82% 82 82 33" 33 g0 2 el 99,050 ’, 7} )7 ongkong. 54.( k.= l:';‘.'gvg.:on r: ;‘:'5;‘" 1(212-//: 1%2% 1%2/:‘ Montreal in New York‘ 99. u% New Yo Niag Sh 5%s°50 _ 91 89 89% D—RNomi Norf So 1st ref 5s '61. 112 1}:% 1}4% Forty Years Norf&W 1st 45'96 % 114% Norf&W PC&C 4541, 108% 108% 108% | 84 New Amster G q LONDON BANK REPORT. of North Am Co 58 '61__ 100% 100 100% LONDON. July 11 (#.—The weekly e North Am Ed 55’57 A. 100 99% 99% BONDS. statement of the Bank of land shows North Am Ed 55'69 C 100 99% 991 | 300 Balto City 48’51 112 112 113 | the following changts In pounds: MONTREAL SILVER. North Am Ed 5%s '63 101 100% 100% serve increased 7 "clreullllon_“ la (».—Silver fu- its decrease euul ehufl m“o-uo huhlx. ég:nl. Foer 2 22272 M ORTG A GE L 0O A CONSERVATIVE INVESTORS favor our FIRST MORTGAGES for profitable employment of their surplus funds—with def- inite, fixed rate of interest, and principal secured by improved real estate. Available in $250 up. B. F. SAUL CO. REAL ESTATE National 2100 925 15th St. N.W. EMENT FOREIGN EXCHANGES. NEW YORK, July 11 (#.—Foreign ex- change easy; Great Britain in dollars, others in cents. b Britain, 30% 500 Mid West Util_~ 10 Moss _Leathe OEW raf s8s. Putnam 4s '93 Y NH & H v 65 '48_ Y Rys inc 65°65-. YRys6s'65 A _. »<»<»<’<'<'< »<-<-< demand, 4.96; cables, 4.95; France, demand, a 6 Italy,” demand. 2890 No_ West : 50 Parker Pen 1680: 150 Penn Gas & El.2 300 Pines 50 Prima Co _ 200 Public Sve n b 20 Pub Sve 3% P 240 Quaker Oats 80 Quaker Oats pf. 00 Raytheon vic 00 Ravtheon vtc pf~ 222222272 Germany, d. 24. wed n. 25.60; ‘Denm !'Il.llfllnd. QAB Vienna 6s'52 May c o Warsaw 7s ’58 Westphal E1 P 6s 53 Yokohama 6s '61_ DOMESTIC BONDS. Abr & Straus 5%s '43 104% 104% 104% Adams Exp 4848 95% 95% 95% Ala Grt Sou 4s ~ 3 o :ggw }gg:/. {3?% 2{?.2’5;‘1’;“" i 71& 10!2 713 Erie&Pitts 3%3°40 B. 106 106 106 Alleg Corp 5 61% 61% 61% |Fed Lt&Trés'42___. 99 99 99 Alleg Corp 58 '50 - 4 % Alleg Corp 55’50 s 7 Allied Stores 413850 95 Allis Chalm 5s°37 . 101% 101% 101% Am Beet Sug cv 65’40 103 103 103 Over amounts from 61 61% 61% 60 60% Erie ref 68'75 - Erie & Jersey 6s°'55__ 117% 117% 117% First Mortgage Investments 400 Will_ Oil-O-Ma 100 Zenith Rad “Total stock NEW YORK BAR SILVER. NEW YORK, July 11 (#).—Bar gilver firm, % higher at 69%. - Nor'n Pac gen 3s 2047 756% 75% 756% Nor'n Pac 45’97 ___ 106% 105% 105% . increased 719,000: luvemmem ucurme- dcer,n::led 2.395,000. Nor'n Pac 4s ‘9121.;25 lggh lggh 102% Nor'n Pac 4%s 2047 _. Nor'n Pac §5 2047 D_. 94% 94 91 rtion of the Bank's reserve to Nor'n Pac 88 2047____ 101% 100% 101 3831 per cent compared with Nor'n St P 1st5s'414_ 106% 106% 106% 't dlscount, 3 et sent PROPERTY MANAG 7030 2 Babiiy g ai 7130 7 {ll Gen Am Inv 5s'52_. Gen Cable §%3 '49_. M A 68 87% 87% 8Tk :