Evening Star Newspaper, July 12, 1935, Page 18

FINANCIAL D.C. STORES LEAD IN JUNE UPTURN % Increase of 10.9 Per Cent Largest for Any City in Fifth District. BY EDWARD C. STONE. With another substantial gain of 10.9 per cent in retail trade in June, ‘Washington’s department stores led all other cities in the fifth Reserve district in business advances, as com- pared with the corresponding month & year ago, the Federal Reserve Bank of Richmond announced this noon. ‘The average gain for the 58 depart- ment stores in the whole district was only 5 per cent, while 531 stores in the entire United States reported an im- provement of 4 per cent, compared with June a year ago. For the first six months of 1935 the stores in the Capital did 12.1 per cent more business than in the first half of 1934, while the average gain for the fifth district was 5 per cent better than last year. Business in the 12 Federal Reserve districts averaged 2 per cent ahead of the like 1934 period. Winston-Salem, N. C. came the nearest to this city’s record of any city in this district in June and was a little ahead of the Capital in the six-month total, retail sales going up 13.6 per cent. Cumulative sales in some cities in the district showed de- creases both in June and in the half year, percentages comparing as follows with the similar months last year: Washington Stores Head List. Jan.- June, Baltimore, Md. Charleston, S. C. Charleston, W. V: Huntington, W. Va. Lynchburg, Va... Norfolk, Va.. Richmond, Va. ‘Washington Winston-Salem, N, C. Other cities - Fifth District _. United States - Y State figures: Virginia ____ West Virginia - North Carolina . South Carolina .. ‘The monthly retail trade report of the Federal Reserve Board was also made public today. In addition to the June gain of 4 per cent and the half- year advance of 2 per cent, the Re- serve Board said that from May to June there was little change in the dollar volume of department store sales, which usually decline at this season. Consequently, the Federal Reserve Board's index, which makes allowance for differences in the num- ber of business days and for usual seasonal movements, rose to 80 in June, on the basis of the 1923-1925 average as 100, compared with 76 in May and 74 in June, 1934. Percentage Changes Compared. Percentage changes in the dollar ¥olume of sales in June of this year end in the six months compare as follows with the corresponding periods in 1934, the Reserve Board says: 54 “June figures preliminary. In citice The MOR had one less business day this year than last vear. Only San Francisco and Chicagn @id better than the Richmond area in the first half year, the report shows. The trade pick-up was longer delayed in some sections of the West. That may account for the June gains in San Francisco, Kansas City and Min- neapolis. Receiver’s Collections Grow. Receiver Norman R. Hamilton re- ports that in the last three months $155,748 has been added in collections for the District National Bank. $50,000 has been added to the cash balance of the Potomac Savings Bank and 836,415 collected from amounts due the old Seventh Street Savings Bank. The quarterly report also shows 816,756 collected for the benefit of the Northeast Savings Bank. Collections for the Washington Savings Bank have also made excellent progress. $41,059 having been assembled in the period under review. While collections are progressing favorably in these five banks, no dates have been announced for the next payments to depositors. However, after expenses have been deducted, the money collected will eventually be paid to the former patrons who are anxious for more of the tied-up funds. The old District National has already paid 50 per cent to former depositors, the Potomac Savings Bank has distributed 50 per cent to date, while the Washington Savings Bank and the Seventh Street Savings Bank have already returned 80 per cent each to former depositors. The North- east Savings Bank holds the best rec- ord of all five, having paid 85 per cent in so-called dividends to waiting patrons. Brokers Expand Peports Heve. Harriman & Keech, New Yorg Stock Exchange office Iocated at 815 Fif- teenth street, annrounced today that they have materiallv enlarged the number of stocks quoted on the tele- register board, prices r.cw being auto- matically on 250 Stwck Exchange is- sues, 25 New York Curd stocks, 5 New York Curb bouds and 30 aiffer- ent commodities. The Dow Jones averages are aiso included ard of course, the total volume of iransac- tions. Captital Traction 5s were in strong demand on the Washington Stock Exchange today, w1x 31,000 transac- tions and two $500 sales bewng re- corded at 98, same &s other recent transfers. The vcnas closed with 97% bid and 98% esked. Mergen- thaler Linotype was stronger twday, opening at 252 and clesing at 25%. American Security & Trust Co stock again sold at 198. and Riggs Netional Bank common was unchanged at 212. Banks in the fifth district have ‘been notified of a $50,000,000 offering of Treasury bills, to be dated July 17 and run to April 15, 1936, 273 days. ‘The bills will be sold to the highest ‘bidders, tenders being received by the Federal Reserve Banks up to 2 p.m. Monday. Further proof of Washington pros perity is the report that new car regis- trations in May were 45 per cent ahead of May 1934. May sales here aggregated 3,323 cars against 2,204 & year ago. TR nnnm--tuumu-n-m . 1935 Stock and Low. Dividend Rate. 51 Acme Steel (12).... 4% Adams Express.... 28 Adams Millis (2)__. 8 Addressog’h(alsc). 415 Advance Rumley__. 1‘1 104% Air Reduction (13). 20% 15% Alaska Jun (160c). 1% % Alleg Corp (d) 7 2% Alleg pf wi30w - gw 2 Alleg p2 w$40w (d)- 1% 6% 254 20% T0% 57% 28% 64% 33% 126% 144 20% 157 96 33% 17% 5l 22y 291 13 345 4% T 208 561 24 9 21% 4, 23% 27% 16 151 24 87 314 Allied Stores 12 Allis Chalmers. 14 Alpha Port Cmt (1). 48% Amerada Corp (2)_ x 41% Am Agri Ch (Del) 2 13% Am Bank Note .. ___ Am Bk Note pf (3).. Am Brk Shoe (1) .. Am Brk Shoe pf (7 Am Can (14) Am Car & Foundry. 25% Am Car & Fdry pf_. 66 Am Chicle (13) . 2214 Am Comcl Alcohol. 612 Am Crystal Sugar_. 2 Am & Foreign Pwr. 12 Am & For Pw $6 pf. 14 Am & For Pw $7 pf_ 8% Am Hawailan SS(1) 29 Am Home Pr (2.40) x 3 Amlce. - 4% Am Internationa 9 Am Locomotive_. 32 Am Locomotive pf . 181 Am Mch & Fy (80c) 4% Am Mch & Metals__ 13! Am Metals 1%; Am Power & ngm 8% Am Pw & Lt $5 pf 10's Am Pw & Lt $6 pf_. 10's Am Radiator 134% Am Radiator pl(7)_ 15% Am Rolling Mills _. 66 Am Safety Raz (5)- 415 Am Seating vte 20 Am Shipbldg (2) 31% Am Smelt & Ref 121 Am S&R 7% pf (7)- 63 Am Snuff (13) _ 125 Am Snuff pf (6)- Am Steel Foundry . 2 86 1 9 24 30 43% 3315 Am Stores (12) 5513 Am Sugar (2) 126 Am Sug pf (7) 1815 Am Sum Tob (1) 9875 Am Tel & Tel (9). 7214 Am Tobacco (5) 74% Am Tobacco B (5) . 212 Am Type Fdrs (d)_. 9 Am TypeF pf (d)__ 71 Am Water Works_ 475 Am Woolen : 3512 Am Woolen pf 8 Anaconda Coppt 1215 Anchor Cap (60c) - 36 Archer Dan M (f1). 97 Armour Del pf (7). 31 Armour of Illinois _ 5512 Armour Il pr pf (6) 4 Arnold Constable__. 715 Asso Dry Goods 807y Asso D G 1st pf(16) 48 AssoDG 2d pf 35% Atch To&S Fe (a2)_ 66% Atch To&S F pf(5) - 19'; Atlantic Coast Lin 213, Atlantic Ref (1) 215 106% Atlas Pwr pf (6) 4 Atlas Tack . 15 Auburn Auto 512 Austin Nichols 3 Aviation Corp(Del) 23 Aviation Corp new 6% 1'; Baldwin Loco (d) - 26% 7'2 Baldwin Loco pf (d) 15 712 Baltimore & Ohfo .. 4475 36'x Bang & Aroos (21%). 115 106% Bang & Aroos pf(7) 42 32 Barker Brothers pf. 10% & Barnsdall Corp 37% Bayuk Cigar (150c) 1414 Beatrice Cre (a50c). 72 Beech-Nut P (3) _ 11'4 Belding-Hem (a50¢). 1175 Bendix Aviation . 154 Beneficial Lo (1%) x 34 Best&Co(2) __ 21% Bethlehem Steel 55% Bethlehem Stl pf_ 14% Bigelow-San Corp.. 360s 9% Blaw-Knox __. 6 112 103% Bloomingdale vf(7) 250s lll‘q 10 615 Boeing Airplane 143 9% 7% 39% Bohn Alum &Br (3) 15 41 90 Bon Ami (A) (14)_.x 10s 97% 21 Borden Co (1.60) - 19 25% 28Y Borg Warner (1%). 24 43% 815 Bridgep't Brass 40c. 10 11 241 Briggs Mfg (2) 81 361 23'% Briggs & Strat (3) 2 39% 30% Bristol-Myers (+2)_ 1 32". 36'2 Bklyn-Man Tr (3) - 90 Bklvn-Man T pf(6)_ 14 Bklyn & Qof (2) 53 Brown Shoe (3)_ 3% Brunswick-Balke 62% Bucyrus Erie pf (2) 3% Budd (E G)Mfg 23 Budd(E G)Mfg pf. 21; Budd Wheel __ &14 Bullard Co 3 Burns Bro pf (d) 13% Burr Add Mch(60c) 5' Bush Term deb (d). % Butterick Co (d) 11% Byers (A M) 32 Bvers (AM) pf_ 308 114 208 43 6 9 4 48 11% 16% 18% 431 30% T8% 20‘1 42‘ ] 33 California Pkg(1%) 4 Callahan Zinc 2‘ 2 Calumet & Hecla___ T2 Campbell-Wy(a20c) 30 21% 8% Can Dry G A (40c).. 18 12% 50 Canada Southn (3). 400s _51 9% Canadian Pacific 16 10% 30 Cannon Mills (2) 2 34 4% Capital Admin (A). 3 9 3213 Cap Adm pf A (3)-- 2208 41% 45% Case (JI)Co.__ 20 58% 3615 Caterpillar Tr (t1). 14 50 19% Celanese Corp 21 267% 1% Celotex Co vte (d) 7 2% 11% Celotex Co pf (d) ... 230s 27 22Y% Cent Aguire (1%) .. 6 26% 34 Central RROfNJ._. 1 4 6% Century Rib Mills _ 1 % 38% Cerro de Pasco (4) x 14 584 23 QCertain-teed Pr pf 30s 29 36 Chesapeake Corp(3) 2 4 % Chi & East Il pf (d) 1% Chi & Grt W pf (d)_ 15% Chi Mail Order (11). % Chi M7l StP&P (d)_ % Chi M StP&P pf (d) 1% Chi & Northwest__ 3% Chi & Northwest pf. 4% Chi Pneumatic Tool. 20 Chi Pneu Tool pf . 1% Chi R I&P 6% pf(d) 25% Chickasha C O (2)-. 312 Childs Co 9 Chile Copper _ 31 Chrysler Corp 20 City Ice & Fuel (2). 87 City Ice&F pf(6%).- 12% Clark Equip (80c) 30% 27% Clev Graph Br (t1). 281; 23% Cluett Peabody (1) 222 1617% Coca-Cola (8) 18% 15% Colgate-P-P (50c) .. 105% 101 Colgate-P-P pf (6)._ 19% 9 Collins & Aikman _ 100 69% Collins & Aik pf (7) 5% % Colo Fuel & Ir (d) 28% 5 ColoF &1pf(d). 3% Col Gas & Elec _ 35% Col G & E pf A (6) . 34% Colum Pie vte (t1)_ 67 Colum Carbon (4) .. 391% Comel Credit (2) .__ 112 Comel Cred pf(5%). 56% Comecl Inv Tr (+2) _. 2111 Comel 1 T ev pf (6). 17% Comecl Solv (160¢) .. % Comw & Southern 29% Comw & Sou pf (3)_ 27 Congoleum-N(1.60) 23% Conn Ry&Lt (4%) 41 Conn R&L pf (4%)- 7 Consol Cigar __. 3% Gonsol Film - 14% Cons Film pf($1%). 15% Consol Gas N Y (1). 72 Consol Gas pf (5) 6% Consol Oil L 8% Container Corp (A). 2% Container Corp (B). 5% Contl Baking (B) _. 46% Cont! Baking pf (4). 62% Contl Can (2.40) __. 7 Contl Dia F (a30c). 287% Contl Insur (1.20). 3 Contl Motors = 15% Contl O Del(ll7%e) 41% Corn Ex BK&Tr (3) 62 Corn Prod Ref (3. 4% Coty Inc - 85% Cream of Wh 231% Crown C&S (1)._. 31 Crown Zelleb’k vte. 14 Crucible Steel 47% Crucible Steel pf___ 5 CubaRRpPf __ 5% Cuban-Am Sugar... 40% Cuban-Am Sug pf.. 16 Curtis Publishing-. 2 34% = 2 B 11 3% 4 29% Ty 21 52% 24% 100 16% . - ©a nOouno=§5 - I3 e Adfl 00. High. Low. 10 THE EVENING STAR, WASHINGTO ANSACTIONS ON THE NEW YORI@ STOCK EXCHANGE §](CKS END DAY 145% 146% +1 + % 25% 167% 167% + % 5 5 — W 24% 17% 66% 45% 26% 60% 32% 24% — % 18 66% +1% 46% + % 27% + % 62 +1 3 - % 127 127 +1 139 18% 45% 90 26% 14% 3% 20% 27 10% 33% 3 17 14% 48 139% + % 20 +1% | Hi 50% +6% 90 19'/‘ Fu 3t + W 21% — % 23% —1% 15 % % % " % 1 Rad o +4 FERESLE FF +++1 010 44 3 +4+++1 L FEFFEFE & sFsssss + Al L+ I+ +H1+1+ 4%+ % 20% — % 67 —1% 6% 6% + % 68 +1 1% 1927 low -__ 516 Prev. 1935 igh. Low. Stock and Dividend Rate. 8% 31 26% 43% 19% 19 Deere&Co pf (uoc) 23% Delaware & Hudson 11 Del Lack & West__. 94% 65 Detroit Edison (4)- 50% 36 Devoe&R (1) A - llo% 114% Devoe & R 1st pf(7) 41% 84"- Diam Mat pf (t1%) 43% 12% 27% 9% 17% 106 6% Dresser Mfg B__ 12% Duplan Silk (1) 86% Du Pont de N(2.60) 131 1267 Du Pont deb (6) 114 104 Duquesne Lt 1st(5 ————— 8 3% Eastern Roll Mills_. 152 110% Eastman Kod (5) _ 161% 141 Eastman Kod pf (6) 22% 16% Eaton Mfg (1) 29 19% Electric Auto Lite_. 112 107 Elec Auto L pf (7).. 6% 3% Electric Boat 8% 5% Elec & Mus Ind 1%4 Elec Pw & Lt 2% Elec Pw & Lt $6 pf_ 3 Elec Pw & Lt §7 pf_ 39 Elec Stor Bat (2%4). % Elk Horn Coal (d) - 1% Engineers Pub Sve_ 14 Eng Pub Sve $5 pf . 14% Eng P S $5.50 pf ww 5 Equip Office Bldg . T4 Erie R R = 6% Erie R R 2d pf _ 10'3 Eureka Vac C (80c). 15 Evans Prod (al) __ -_— 17 Fairbanks Morse 711; Fairbanks M pf i3% 5% Fed Lt & Tr s 48 Fed Lt & Tr pf (6) . 3% Fed Motor T (allc). 7% Fed Water Sve (A) . 16% Fed'd D Strs (160c). 2813 #id Ph F In (11.20)_ 106% Filene's S pf (6%3) . 134 Firestone (40c) 84'% Firestone pf (6) A __ 45% First Nat Strs (213) 21 Follansbee Bros(d). 20% Food Machine (1) .. 97 Foster-Wheeler. 2% Foundation Co 19% Fourth NatI1al.10 8% Fox Film (A) 17% Freeport-Texas (1). 29 17 281 9% 814 7 Gamewell Co _ 51 Gen Am Investor: 324 Gen Am Trans(1%) 11% Gen Asphalt 7% Gen Baking (60c) _ 5% Gen Bronze 4 Gen Cable (A) 50 Gen Cigar (14) _ 201; Gen Electric (60 32% Gen Foods (1.80) % Gen Gas & El (A 597 Gen Mills (3) 116 Gen Mills pf (6) 263 Gen Motors (1) 107 Gen Motors pf (5) 3% Gen Outdoor Adv_._ 17% Gen Print Ink(1.60) 932 Gen Print Ink pf(6) 15% Gen Ry Signal (l).. 14 Gen Stl Casting pf_ 12 Gillett Saf Raz (1) 702 Gillett Saf R pf (5)- 2'% Gimbel Bros 18 Gimbel Bros p 23% Glidden Co (11) . 109% 1047 Glidden Co pr pf (7) 4% 14 Gobel (Adolf) (d)__ 18 14% Gold Dust (1.20) 11% T'2 Goodrich (B F)_ 5412 40 Goodrich (B F) pf. 26% 15% Goodyear T&R 92 70 Goodyear $7 pf ( 2's Gotham Silk Hose__ 20 Gotham Silk H pf_ 1« Graham-Paige 5% Granby Consol 2% Grand Union 181 Granite City Stl ay 9% Grt Northern pf 91 Grt North Ore (50c) 26% Grt West Sug (2.40) 20'; Greyhound Corp .. 48 Guif States Stl 1st_ 29 21% Hackensack W(1%) 7% 4 Hall WF Printing_. 9% 6!3 Hamilton Watch___ 85% 63 Hamilton Watch pf. 108 101 Hanna (M A)pf(7). 16 Harbison Walk (1) 5% Hat Corp of Amer__ 81 1% Hayes Body __ 85 Hazel Atlas Gl (5)_. 11 Hercules Mot (60c). 73% Hershey Choc (3) .. 104 Hershey Ch pf (t4). 5% Holland Furnace 6% Holland & Son (50¢) 6% Houdaille-Hersh B_ 49 House Fin pf (3%)- 91 Houston Oil 1'% Houston Oil (new). 43 Howe Sound (3) _. 12% 6% Hudson Motor Car.. 3% % Hupp Motors ——een 17% 9% Illinois Central ..__ 40 111 Cent lse lines(4) 23% Indus Rayon (1.68)_ 60% Ingersoll-Rand (2)- 46% Inland Steel (2) . 2% Inspiration Copper_ 4 Insur Sh ct Md(14¢c) 8% Interboro R T (d)-- 1'% Intercontl Rubber. 2% Int Agricultural. 227% Int Cement (1) 34% Int Harvester (60c) 35 Int Harvester pf(7). 1% Int Hydro Elec (A). 22Y Int Nick Can (60c)_. 4% Int Paper & Pw pt. 174 3% 56 Bales— Add 00. High. Low. Close. Chge. 4508 1208 14 5 10s 3 2 44 3 16 3 308 1 2 1 60s 280s 12 5 Hat Co pf ww (6%)x 40s 17 5 50 15 e o waRomRBeSrennan 21% Int Print Ink (1) . x 98% Int Print Ink pf (6) 16 Int Silver 5% Int Tel & Tel 25 Island Creek C (2).. 60 49 Jewel Tea (3). B7% 38% Johns-Manv (a25c). 73 50 Jones&Laugh7%pf. — e 3% Kans City Southn__ 7% Kaufm'n D S(a40c). 20% 16% Kayser(J)&Co(50c) 3% Kelly-Spring T (d) - G K.lly-ST 6% pf(d). -Hayes (A) .. SIA Keluy-fl yes (B) 12% Kelvinator (t50c) 13% Kennecott C (60c) - 10 Kim Clark (al12%¢). 3 ' Kinney (GR) Co 23 Kinney (G R) Copf 42 Kresge Dept Strs pf. 19% Kresge (S S) (1) 22% Kroger G&B (1.60)- 24 Lambert Co (3) 8% Lee Rub&Tire (50c)x 10% Leh Port Cement 5 Lehigh Valley RR_. 67% Lebman C (12.40) _ 14 , Lehn & Fink (13%) 213 Lib-0-Ford G1(1.20) 244 21 Life Saver (1.60) . 94% Lige & Myers (14) 93% Ligg & Myers (14)B 13% Lima Locomotive. 44% 31% Loew’s Inc (2) 108% 102 Loew's Inc pf (6%). 1% 1 LoftiInc 41% 33 Loose-Wiles (2)--— 180 2 4 3 7 2 3 3 26 0s. 131 60s 10s 21 16 Bomeron - S 15 Util. Stocks. +.2 328 326 309 320 334 21.6 40.6 242 239 184.3 61.8 104% Net. 104% 104% + % 2% % 118 3915 38 67 2T% 8 14 104% 128 12 51 1481 157 22% 25% 110% 5% 5% 408, 178 9 6% 9 61 26 3678 % 68 4 117% 347 115% 3% 31% 2% + % 8 + % 23 +1 T 28% 26% 30% +1 14% + % 93 +1% 36 -1 118 -2% 394 38% + % 1 +% 28% +2% 5= 14 -1 106% +1% 128 FEFFE FEF ¥ OFF I+14+ ++1 ++1 1 EFEES 1++1 11+ 18% 9% 61 9 61 26% 367 £ 68 — % 1UT% + % 36% +1% 115% — % 314 2% + % *» EEF F& FEFSFEEF 18% + % 18 +1 3% - % 31 —-% 65 +5 24% 29 +% 26 + % 10% + % 14% 3. =3 87T + % 15 31% + % 23 23% 23% Y 113% 118% 113% — % 21% 2115 113% 115 +1% 22 4+ % 2 28% 28% 28% + % 8 82% 32% 2%+ % 43% + % 43% 4 105% 105 105% 19% 10% Loulsv G&E(A)1%. 47% 34 Louisv & Nashv (3). 19% 12% Ludlum Steel. “0 113 McAnd & F pf (6).. 28 McCall Corp (2)_ T% McCrory Stores (d). 6% McCrory Strs B (d). 57% McCrory pf (d)-_. 7% McGraw Hill Pub 36% McIntyre Porcu (2) 32 McKesson & Rob pf. 8% McLellan Stor 85% McLellan Sto pt. 18% Mack Truck (1).._. 30% Macy (R H)& Co(2) 5% Madison Sq Garden. 18% Magma Copper (2) - % Mallison & Co.__. 5 Mallison & Co pf. 7% Manati Sugar (d)--. 13% Man El md gtd (d)_. 10 Manhat Shirt (60c). 4% Marancha Cot 5% Marine Midld (40c). 3% Market St Ry pr pf- 20 Marlin-Rockwell(2) 6% Marshall Field 23% Mathieson Alk(1%) 5% Maytag Co__. __ 841 Maytag 1st pf (6) 41 Melville Shoe (2% 3 Mengel Co 24'% Mesta Mach (1%) . 213 Miami Copper .. 915 Mid-Cont Pel(llsc) 8% Midland Steel Prod_ 60% Midl'd Stl 1st pf(8) 105 Minn Hon R pf (6)- 3% Minn Moline Pw___. 31 Minn Moline Pw pf_ 1% Minn & St L. (d) 1% M St P&SS MlIsIn_ 10% Mission Corp 2% Mo Kans & Texas _. 5% Mo Kans & Tex pf_. 11 Mo Pacific pf (d) 10% Mohawk C M (a25c) 55 MonsantoC (1) 21% Montgomery Ward.. 56% Morrel & Co (3.60) . % Mother Lode 17% Motor Products (1). 714 Motor Wheel (50¢) - 7 Mullins Mfg 74 Mullins Mfg pf 4% Murray Corp 30 Myer F E &Co(1.60 ‘Dl 8 8 » - JOTRIRTIE SIS PRSP 9 - ] ~PnaRaroake @ S 11 Nash Motors (1) 414 Nat Acme Co.__. |, 6% Nat Aviation_____ 22Y% Nat Biscuit (1.60).. 1312 Nat Cash R¢ A(50c) 117% Nat Dairy Pr (1.20). 114 Nat Dept Stores (d) 17 Nat Dept Strs pf(d) 60s 23% Nat Distillers (2)_. x 90 2\ Nat En & Stpg (2).. 2 t Lead (5) 4 Nat Pw & Lt (80c).. 24 Y% Nat Ry Mex 2d pf_ 40% Nat Steel (1) - t Tea (60c) atomas Co (80c) . 4313 Newberry J J(1.60). 109 Newberry J J pf(7) 4% Newport Industries. 2 181 N Y Airbrake 3 12% N Y Central RR .. 50 9% NYChi&StLpf _ 1 2% N Y Ontario & West 1% N Y Railways pf __ 1 64 N Y Shipbuilding. 78 70 NY Shipbldg pf(7). 86'; 69 N Y Steam pf (6) 43 30% Noranda Mines (2)_ 182 158 Norfolk & W (18) _ 108 99 Norf & West pf (4) 4 2 North Am Aviation 187 North AmCo (1) 528 North Am Co pf (3) Northern Pacific Northwest Tel (3) . Norwalk Tire&Rub 3 10s 2 108 3bs 12 35'y 9% Ohio Oil (a15¢) 4% 1 Oliver Farm Equip. * 7% 4% Oppenheim Collins_ Bosciinie Qtis Elevator (0e). T% 4% Otis Steel . _ 4T% 23'/. Otis Steel pr pf 104 80 Owens-Ill Glass(4). ——e. 215 1 Pacific Coast 25% 13% PacificG & E (1%)_ 37% 19 Pacific Ltg (2.40)__. 21 12 PacificMills ____ 4 108 70 Pacific Tel & Tel (6) 60s 9% 7 Pac WnOIl (bd0c).. 1 5% 31 Packard Motors ___ 71 12 10% Pan American Pet _ 1 12% 6% Panhandle P&R pf_. 10s 12 Pathe Exchange. __. 2% Park Utah 21, Par-Public cod (d) 81 Pathe Exch (A)- 8% Patino Mines 74 Peerless Motor __ 64'2 Penick & Ford (3)_ 574 Penney J C (2) 2% Penn Coal & Coke _. 3 Penn Dixie Cement_ 17% Penn RR (1) 30 30 PeoplesDS (1) _ 1 110% Peoples DS pf(6%) 20s 13 Pere Marquettepf_. 1 163 Pere Marq pr pf 1 12% Phelps Dodge(a25c) 38 3813 Phila Co pf (6) new. 1 3% Phila Rap Tr pf(d)- 80s 1% Phila & Read C&I__. 1 35% Philip Morris (1)__. 16 13% Phillips Petrol (1)-. 39 % Plerce Oil_______ 1; 1 3, Pierce Petroleum__. 7 Pitts Coal 512 Pitts Scre 2214 Pitts Steel pf - 1% Pitts United Corp__. 241 Pitts United C pf. 6'% Plymouth Oil 6% Poor & Co (B) .. 54 Pressed Stl Car (d)_ 61; Pressed Stl C pf (d) 42% Proc & Gambl (132) 20% Pub Sve NJ (2.40) . 62% Pub Sve N J pf (5).. 73 Pub Sve NJ pf (6)_. 85% Pub Sve N J pf (7) 34 Pullman Inc (3)-. 57% Pure Oil 34% Pure Ol 6% 91% 49% Pure Oil 8% pf. 14 8% Purity Bakeries (1) —_—_— 6% 4 Radio Corporation.. 62%: 50 Radio Cor pf A(3%) 59 35% RadioCorppf B.__. 2% 1% Radio-Keith-Or (d) 21 16% Raybestos-Man (1). 11% 7 Remington-Rand 70 Remington-R 2d pf. 2% Reo Motor Car 9 Republic Steel ._ 28% Republic Steel pf _. 28 Republic Stl pf cod_ 5% Revere Copper - 2 13 Revere Copper (A)_- 1 75 RevereC&Bpf_ ___ 190s 17% Reynolds Metals (1, 35 lflfl% 101 Reynolds M pf (5% 52% 43% Reynolds Tob B (3) CORPORATION REPORTS 124% 527% 10% 1% TRENDS AND PROSPECTS OF LEADING ORGANIZATIONS. NEW YORK, July 12—The follow- ing is today’s summary of corporation news prepared by Stancard Statistics Co,, Inc,, New Yourk: American International Corp.—Liq- uidating value of common stock as of June 30 equaled $3.47 a share com- pared with $5.57 a share on December 31, 1934. American Investors, Inc.—Special meeting of stockholders of company is scheduled for July 15, 1935, to vote on dissolution of company; indicated value of assets appucable to each common share as of June 24, in event of *dissolution, is substantially less than the $20 a share at which com- mon stock may be purchased under outstanding option warrants. Chicago, St. Paul, Minneapolis & Omaha Railway—LUeficit, five months ended May 31, was $1,234,979, vs. | deficit $843,291. \ + % 2 I07'n- 101 107% e 84 521 51% 52% + %! reorganized. D. C., FRIDAY, JULY 12, 1935. Net. PN' lfib Divide iS55 1% Roan Antelope Ltd- 43% 29% Roy'l D(b1.35 3-10c) 36% Safeway Stores (3). 113% 104% Safeway Strs pf (6) 19% + % 114% 110 Safeway Strspf (7) 10t Joseph Ld (40¢) - Savage Arm 22 Schenley Distiller: 7T +% 18 —%| 46 40 e 1% Schulte 8 Schulte 55 Scott Paper (1.80)_. % Seaboar: FINANC Stock and jend Rate. 1 42% 42% 424 12 40% 40 40% 208110 110 110 50s 112 112 112 19% Retall Strs_ 1 Re Strs pf._. v d Air L (d) - 20% Seab’d O Del (t60c). 31 Sears Roeb’k(a%5¢c). 1% Second Nat Invest__ 40 Sec Nat 7% Servel I Inpf(31%) ne 9 Sharon Steel Hoop... 3% Sharp & Dohme 44 Sharp&Dpf (3 7% Shattucl SFFEEF FEFEEF i 3 +14 WEF +1 7% Sperry 4 43% Spiegel: +1+1 I+ Stand 1 121 Starret! 1 3% Sweets 14 . HEEELE A4 Syming 4 Tennes: 1+ ++$ 16 Third N: i+t + 28% Timken 36 Trico P! 3y 53% Und-El 791, 20% Un Tan 97 United 2 United 20% United 46 1': United 20% United 8% United 3% United 715 United 9% United 87!z United 10 United 11 35% U S Ind 95 USSm 2713 U S Ste 78% U S Sted 31 United 51 11% Van Ra; 91 VanRa 2's Va-Car a-Car 4'x Waldor! 26's Walgcre 5 Ward B: 2% Warner 14'; Warner 2!s Warren 30%; Wesson 18 90 West'h'": 16% Westva 6 1 Wilcox 37 Wilson 51 351 Wright 2% Yellow 42 31% Yellow 29 18 21% 13 Youngs! 3% 4% 11:00 A.M. 1:00 P.M. . Total s: Dividend ra declarations. lus Cxtra year 3 Accum: Dollar Improves Further Against Other Currencies |4 By the Associated Press. The dollar continued to advance against principal foreign currencies to- | Bal 41, Truax-Tra Coal Truscon Steel 29 Union Bag&Pap (2) 44 UnCarb&C (1.60)- 14% Un Oil of Cal (1) 8215 Un Pacific (6) ____. 'n Pacific pf (4) __ 8 Warner-! 1 Wells F: 36 West Pa Elec pf (6) 3974 West Pa Elec pf (7) 200s 218412 West Pa Pwr pf (7) 400s 4 Westn Dairy B vte.. 1 23, Western Pacific pf. 20% Western Union__ West'gh'se A B 50c_ 32% Westingh'se Elec 67 White Motor ______ 13'; White Rk M S(1.40) Woolworth (2.40)__ 11% Worthington Pump. 25': Worth Pumppf A__ Young Sp & W (1) s Unit of trading less than 100 d Companies _repor X Ex divid ported in recelvership or k(F G)(25¢) 5% Shell Union Ofl ____. 8% Silver King C(40¢c) - 6 Simmons Co. 63 Skelly Ofl__ 60 Skelly Oil pf ww___ 13 Sloss-Sheffield 24 Sloss-Sheffield pf. 11 Socony-Vac (60c) 10% South Cal Ed (1% 3 Southern Dairies A_ 1% Southern Dairies B_ 12% Southern Pacific___. 5'% Southern Railway _. 7 Southern Rwy pf __ 59% Spang Chalf pf (12) 314 Sparks-Withington 32 Spencer Kell (1.60). vte (a25e) - 834 Spicer Mfg _______ 33% Spicer Mfg pf (3) _ -May-Stern. 13% Stand Brands (1) .. 21, Stand Com Tobacco 13, Stand G & E $4 pf _ 4% Stand G& E $6 pf__ 6 StandG&E $7 pf._ nvCorp ___. t(LS) (a25¢) 58% Sterling Prod (3.80) 6% Stewart-Warner___ 23 Stone & Webster 2% Studebaker Corp.__. Superheater (50¢)- 1% Superior Oil Coof Am vift & Co (150c)_~ ton (A)(d)., 7 Telautograph (60c) x see Corp . 16% Texas Corp (1) 28% Texas Gulf Sul (2). 31 Tex Pac Coal & Oil_ 812 Tex Pac Land Trust 13% Thatcher M (ad0c) - 2! Thermoid Co_____. 2 Third Avenue at In (a50c). 13% Thompson Products 15 Thompson Starrett. 75 Tide Wat Asso Oil 84 Tide Wat A O pf(6). 100 Tide Wat Oil pf (5). 4% Timken- 107 1000 1061« Detroit .. 7 RB (1) 43 475 Transamerica(30c) x 24 T4 Trans & Westn Air_ 5 Transue&Williams. 1% Tri-Contl Corp 69 Tri-Contl Cor hi(s) 3 4 10 Tod (2 + | 1-Fisher (2). 14441+ ~ k Car (1.20). Aircraft Air Line vte Bisc (1.60) United Carbon 2.40 . Corp Corp pf (3)_. Drug __ Elec Coal .. Fruit (3)___ Gas Imp (1) Gas 1 pf (5) Pce D W pf 65% US & F S 1st pf (6) USFreight (1) .___ 40'; U S Gypsum (1) __ Alcohol (2) 72 U S Leather A vte _ 14% U S Pipe & F (50¢) - 3 USRealty & Imp__ 914 U S Rubber _______ 24'; U S Rubber lstnt s elt & R (a6)- RO el pf (2) Stores (A) . Univ Leaf Tob (12) 1 Util Pw &Lt (A) 11% Vanadium Corp.___ alte o 11st pf (7)_. Chemical Chem 6% pf 72'2 Va El & Pw pf (6)__ £ Sys (b20c) en Co (1.40) x aking (A)__. Bros Pic___ Bros Pic pf. Quinlan. Bros ‘argo . &S (50c) 1 4 1 14 40s 1 3 20s 11 20s 2 80 17 78 20s 2 19 2 se 1st pf 3% co Chi “40c) White Sew Mch pf_. 1 0il & G & Co (al5e). 2 29 16 Aero_ 17% Yale & Towne (60c) Truck Truck pf 80s 28 townS&T.. 17 _— 1% Zenith Radio _ 2% Zonite Products Approximate Sales of Stocks on the N. Y. Stock Exchange. 230,000 12:00 Noon. 370,000 +. 530,000 2:00 P.M. ales for the day, 1.1 as given in the above table are the annual cash payments based on the latest quarterly or hlll-nll':!‘ ulated dividends. a Paid this vear vidend INSURANCE STOCKS NEW YORK. July Security De-lers Association: A Cas (2% Aet) (6 Alrlculhlnl (3). Am Ins Newark Am Reinsur (2%) Am Surety (1) Automobile (1) day in foreign exchange markets in | 5o New -York and abroad. Moderate commercial demand in London was reported to have ‘ac- counted for a firmer tone in the dollar there at 4.95 5-16 to the pound sterling. | G In New York the pound declined 5% of & cent at $4.95%. ‘The dollar improved in Paris at the equivalent of 6.611 cents to the French franc, while in later dealings in the | K. American market the franc declined 01% of a cent at 6.61% cents. Y Guilders at 68.10 cents in New York | 507 were down .08 of a cent, while Swiss francs lost .04 of a cent at 32.74 cents. Sun PARIS, July 12 (#).—Three per cent | g Hanover (1 60} Hartford Pire (3% Home Fire Bel SEDmomiem e s EEPE-DEREE Cr rentes, 77 francs 60 centimes; 4% per cent rentes, 84.75. Exchange on London, 74.92. The dollar was quoted at 15.12%;. S Many factories in Australia are be- ing expanded. £22 NEW YORK BAR SILVER. July .. NEW YORK, July 12 (#).—Bar sil- e ver easy, % lower at 68%. \ A«W High. Low. Close. chn 1 2T% 2T% 2T% + % 19% + % 9% + % - % % * | seed per hundredweight, 4.25; + Annual rate— © Paid 12 (#.—New York IAL. STEADY TO FIRM Aviation, Motor, Specialty Shares Take Lead in Market Upturn. What Stocks Did. Priday. Thursday, 348 195 Advances . Declines Unchanged Total issues ... ____. BY VICTOR EUBANK. Associatea Press Pinancial Writer. NEW YORK, July 12.—Most profit- takers stepped aside in today’s stock market and new buying gave a sub- stantial lift to aviation, motor and specialty issues, Equities generally did not appear disturbed by another drop in wheat values at Chicago. The close was steady to firm. Transfers approxi- mated 1,000,000 shares. The utilities, steels, mines and a number of other divisions were list- . less until the last hour, when they e i decided to trail the gainers. General Motors was again a feature, reaching | a higher year's level in active deal- | ings, with a gain of more than a point. | This issue opened with a transfer of 3,000 shares, In addition o wheat, other grains were soggy. Cotten, however, found support. Secodary bonds were a drag on domestic loans. ‘'I'he dollar firmed against leading foreign exchanges. Douglas Aircraft shares got up more than 2 points and United Aircraft and | Wright Aeronautical pushed ahead o, |around 1 each. Advances of fractions 1, | to & point or moie were registered by | Chrysler, Kelsey Wheel, Electric Auto- Lite, Allied Chemical, Du Pont, Na- tional Biscuit, Chicago Mail Order, United States Industrial Alcohol, Schenley, Union Pucific, Santa Fe, Scuthern Pacific, Delaware & Hud- son, Pullman, United States Steel common and preferred, Bethlehem, Kennecott and Anaconda. American Telephone, a loser most of the day, came back in late trans- actions for a moderate gain. The other utilities were narrow. Chicago Grain | By the Associatec Sre. CHICAGO, July 12—Influenced by | 1ate weakness of prices, both at Kan- sas City and Minneapolis, wheat values here suffered new breaks today at the last. Grain trade volume in Chicago was only moderate, with price dips and | spurts following each other spas- | modically. Effects of the United Vlsmes Government's optimistic crop 1 | report were still felt. b Wheat closed weak, 13%a2l's under * | yesterday's finish, September, 82!gals; , | corn, unclianged to % down, Septem- \ber 74:a%; oats, %a% off, and pro- | visions unchanged to 7 cents declme Low Chicago Cash Market. Cash wheat No. 2 dark hard new, ‘ 2; new No. 2 red, 84a853,; corn, :!No. 5 mixed, 81: No. 2 yellow, 853;a | 87; oats, No. 2 white, 36a36%4; No. 3 white, 34'.a35':; No. 4, 63; no buck- » | wheat; no soybeans; barley, nominal, | feed, 35a47; malting, 50.80; timothy new, . | 4.45; clover seed, per hundredweight, | 13.25a18.25. Liverpool Grain Prices. LIVERPOOL. July 12 (.—Wheat fu- tures ciosed steads. Previous Low. Clnfe. clo;e 70 arch 5 Exchange, 4.04%: Baltimore Quotations. y 12 (@ .—(Close) Wi arlicky, spot, : July, 732, 0. domestic, 531z New York Cotton By the Associated Press. NEW YORK. July 12.—The cotton market was quiet today, with the . | undertone steady. :‘ Early advances were followed by | moderate reaction, which may have | been influenced by the setback in wheat, but the market later steadied up on covering and trade buying. In the late trading October Wwas holding at 11.75, with active months | ruling 3 to 8 points net higher. Futures closed }I‘CHCY 5-8 higher. | quly __ October December January March g = Spot steads; Cottonseed Oil. Bleachable cottonseed ofl futures | closed easy. July. 9.75b; September, 9.90b; October, 9.94; December, 9.88; January, 9.94. Sales, 57 contracts. b-Bid. Liverpool Quotations. LIVERPOOL _ July 12 _(#.—Cotton. 13.000 bales, inciuding 2,400 American spot. good business done; prices 4 points lower. Quotations in pence: American strict’ good middling. 7.44: sood middling 14; strict midaling. ¢.00; middiing. & o’ miagiing, 6.8 strict good ordinary. 6. 6.00. Putures closed s Becomber, Oc obe! 1 May. 6\“ 9 :wd o 6.58 January. 6 CHICAGO LIVE STOCK. CHICAGO. ruly 12 (P (United States Department of Agriculture) —Hogs. 8.000, including 4.000 direct: steady to 10 cents than yesterday's ave: £ 230 pounds holglnl up: T, 5. March, 6.14: a Cattle. 3,000: 500 cslves: no ulllbl’ outlet for fat steers and g yearlings: supply of such kinds mainly holdovers (rom earlier in the week and moglgl "l" Vealers nn"enl 5t Choice offerings at 00 showing most dectine: Stieep 6.000: active around steady on all_classes. Native mbl .25a60: top Daid by ali interests. Bulk, 8.50 upward: 8,5a13 of choice Idahos | 8.50. with_short deck out at Good to choice yearlings. 8550 Bative cwes, 3°00a5.55, MONTREAL SILVER. MONTREAL. July 12 (P —Silver [i- tures closed weak. 80-125 lower. 36 contracts. Low. Clos H0d