Evening Star Newspaper, July 14, 1935, Page 69

“positions over the week end, and firm- FINANCIAL RALADUTLIY BONDS STAGE RISE Modest Gain Is Principal Feature of Session—U. S. Issues Unchanged. By the Associated Press. NEW YORK, July 13.—Modest gains n junior railroad and utility issues fwere the principal feature of the| corporate bond market today. United | States Governments were about un- changed. In the absence of developments in | the holding company legislative tangle in Washington, the run-up in utility bonds was ascribed partly to short covering operations by traders, who | preferred to withdraw from active | ness among carrier obligations was regarded as a natural rebound follow- ing softness during the last two ses- sions. In most cases buyers and sellers were close together and price fluctu- ations were narrow. A heavy turnover in bonds of the Consolidated Coal Co. of Maryland | resulted in gains of around 1!, points for the,two issues listed. Leaders in other groups which moved up minor fractions to around a point included | Nickel Plate 5'.s at 627, Laclede Gas 5los at 73%, New York Central 4s at 851, Santa Fe 4s at 110 and Inter- national Telephone 4!5s at 797%. Firmness in Nickel Plate loans co- incided with reports from Washington that the Interstate Commerce Com- | mission had approved extension to February, 1937, of Reconstruction Finance Corp. loans to the line amounting to $8,811,587. At the same | time the commission held the road was not in need of reorganization at the present time. There was little ac- | tivity in securities of the Southern Railroad, most of which ended small fractions higher. International ~ Hydro-Electric 65 went into a nose dive for some un- explained reason on comparatively small offerings and ended 135 lower at 421, Others yielding slightly includ- | ed Chile Copper 5s, United States| Rubber 5s and Integlaken Iron 5s. United States Government bonds were virtually at a standstill. Trad- ing activity was the smallest for| months at $200,000, par value. cm-‘ ing prices ranged from 3-32ds higher to 2-32ds lower. The Associated Press averages were | 2 of a point higher to .2 lower. Trans- | fers aggregated $4.640.000, par value, | compared with $4.730,000 last Satur- day. TOBACCO INDEX EASES MODERATELY IN WEEK By the Associated Press. NEW XORK July 13-—The average price of U. S. type air-cured burley tobacco during the week ended July 13 was 16.1 cents a pound, compared with 16.6 cents in the preceding week | and 9.6 cents in the same week last year, according to H. A. Stich, to- bacco economist. FOREIGN EXCHANGES. NEW YORK. July 13 (P —Foreign ex- ehange steady: . others in_cent 3. 40 (,.\ Sweden, ; m;.q 99.84%: New York n—Nommal Hongkonk Mon!mal in ANPK Ym’k in Momresl 100.15 CHICAGO PRODUCE. , | CHICAGO. July 13 (¥ —Butter. 1T i Sorides” unchansea © Bews. 1a- prices unchanged, ve. 38 trucks. hens steady. 3 19a0: "col- Rock” fryers. colored, l'» 30 18 p ounds up. bareback 'chickeng 13a15: hen turkeys, 147 toms 0. old ducks. 412 pounds up. lm small young white ducks, $1 nds up. : Imall, 11: smail colored ‘Gucks, 11: | geese, 10 youns, 172 i roosters. | however, to friends of higher prices for | | corn was excellent growth conditions | | tention was given to scantiness of im- | despite Illinois reports of heavy rust THE SUNDAY STAR, WASHINGTOX, D. C, JULY .14, 1935—PART FIVE. (.(fld Curroucms | Advance Further At Week’s Close By the Associated Press. Further strength in most of the gold currencies was the principal feature of foreign exchange trading yesterday. ‘The French franc advanced .00% of a cent in New York to 6.62!4 cents, Holland guilders were .6 of a cent higher at 68.23 cents and Belgian | belgas were .4 of a cent higher at 16.93 cents. The dollar was about steady in| London at 4.95', to the pound sterling and in New York sterling advanced % of a cent to $4.96. The exchange was closed in Paris in conformity with the Summer schedule. Based on the franc at its final New York rate the dollar was at a pre- mium of 22-100 of 1 per cent, com- pared with 28-100 on Friday and 52-100 @ month ago. | - Chicago Grain l By the Associated Press. CHICAGO, July 13.—Ideal weather to halt black rust damage in Spring wheat and facilitate tae harvest move- ment of domestic Winter wheat had notable bearish market effects today. An outsanding feature was 3% cents break in wheat prices at Kan- sas City. Contributing to downward impetus of values was a suggestion from a British trade authority that a Canadian wheat yield of as much as 400,000,000 bushels this season would easily be possible with only normal damage from now antil harvest. Wheat in Chicago closed nervous, | 1%-2% under yesterday's finish, Sep- tember 80%-3, corn varying from 1 cent decline to !; advance, Septem- | ber 743;-15: oats -15 down and pro- visions unchanged to a loss of 10 cents. Emphasizing talk of likelihood of 400,000,000 bushels 1935 wheat pro- duction in Canada were statements current that this would indicate a combined crop and carryy-over for the United States and Canada totaling around 1,500,000.000 bushels. Such an aggregate would be about twice the home consumer requirement of the two countries. Under these cir- cumstances wheat price rallies proved transient and appeared to be due mainly to relative strongth shown at | times by the corn murket. Corn displayed independent firm- ness early, but fell back later, influ- enced by wheat weakness. Commis= sion houses were frequent purchasers | of nearby corn futures, especially on | price dips. Some of the buying of | September corn appeatcd to be against sales of other grains. A thdlC&p reported throughout most of the corn belt. On the other nand, sharp at- mediate supplies of corn. 5 Oats sympathized wheat weakness, damage to oats. Ryz also followed wheat to lower levels. Notwithstanding that stocks of lard and meats continue to decrease, pro- visions averaged lower with grains. Grain range at principal markets today: JULY WHEAT— leh. Prev. Low. Close, close. 12 .79% 8133 s i 993 1001 N3t R RO 70 Chicago Minneapolis .nw a 52 Liverpool__ .69%s AUGUST WHEAT— Witnipes__ 803 80% SEPTEMBER WHEAT— Chicago __ .813¢ - 697y .80% Kansas City L'pool. Oct. 2 DECEMBER WHEAT-—— Chicago . 3 | Minneapolis Ri%s A3 | Kansas City xu s Liverpool Exchange, 4.¢ JULY CORN— Chicago | Kansas City .83 SEPTEMBER_CORN — 8134 215 | 74'2 35 0 1% 133, 50 Cash Market. 1 hard, corn. Cagh wheat (new) —No 89 No. RT15_ RIS mixed " vellow. B —_— MaY JUN JUL AUG SEP OCT NOV DEC 'JAN 'FEB “MAR APR MAY JUN “JUL 9 3 4—————1 9 3 5 How Is Business? Showing Current Business Activity compared with the Same Week A Year Ago -mmmfimmmmmmmmm ummmum 4 ceeeccdi] 3 peE TRV =11 e Downward + | 105 . 504 83% ChiAlton ret 3s FINANCIAL. G—& SUMMARY OF BONDS ON THE NEW YORK STOCK EXCHANGE ° FOR WEEK ENDING SATURDAY, JULY -U.S. GOVERNMENT BONDS. LIBERTY BONDS, 13, 1935, Close. Ch 101 20 10121 High. Low. 4th 47¢s'32-38 rg. 10124 10120 10121 4th 4% s32-38rg. 10121 10121 101 28 104 10 104 10 103 27 105 11 105 1 105 8 108 22 106 18 108 20 108 16 108 25 107 23 11016 1123 112 106 25 nis 100 15 100 20 100 20 = 10219 3 101 10317 10115 3%s 1949-5 104 18 3751941 10224 3 104 15 106 6 104 14 3 103 28 3 107 108 24 108 24 101 21 103 24 103 28 103 27 105 1 1051 104 30 108 19 106 12 108 15 108 16 108 17 107 20 11013 112 101 22 103 24 103 31 103 27 105 4 106 1 104 30 108 21 106 15 10817 108 16 108 22 107 20 110 14 1123 112 @ 444+ 00 b3 § a4 45 1944-5 48 1944-54 reg 12 10228 4%8-31,8"43-45__ 10619 106 20 1136 4%s 1947- 17 171 FEDERAL FARM MORTGAGE BONDS. 10116 10024 2%s 194 - 10116 1015 10115 10217 100 20 35 1947_ - 10217 10211 10217 10217 9916 3s 1949 - 10217 1028 10217 1043 101 14 31(S 1964 - 1043 10330 1043 HOME OWNERS' LOAN BONDS. 1013 9620 2351939-49_ 1013 10023 1012 10214 99 18 3s 195 - 10214 1023 10213 FOREIGN BONDS. High, 28% 94ls 954 98% 98y RN weaBncls R FlA4 —— 1035 — High. Low. 41'y 26 96% 90! 951, 8415 987 90% €815 901, 985, 90 985 981, 983y, 98% 98%, 97y 1041 10415 96% 107% 119 110% 44 39'g 31w 31% 397% lnw Close. Chge Abitibi P & 8 Akershus § Argentine Argentine 6s Argentine 6s Argentine 6s Argentine 6s Argentine 6s'60 Ma Argentine 6s'60 Sept_ Argentine 6s'61 Febr Argentine 6s'61 May_ Australia 415556 933 101% 97 27% 254 201 1 20% Brazil 635 192 251 Brazil 8s'41 33% Bremen State 7s '35 51% Buenos A 6s'61 Pv stpd 52 Buenos A6%s'61Pv stpd 10815 10415 1145% 110% 15% 10'% Chile 65’60 15% 10% Chile 6s'61 Jan 15% 101 Chile 6s 15% 10% Chile 6s 16'; 10% Chile 65 '63 - 14% 11 Chile Mtg Bk 6561 9% Chilean Mun L 7560 86 Copenhagen 93 Copenhagen Tel &3, Cunda’amarca 6 105% 95'2 Czechoslovakia 8s '51 105% a1 96% 104 104 175% 96% 821; Denmark 4 101 93 Denmark 98% Denmark 6s” 104% 101 Finland 6 190 165': French 712 48% 38 Ger Con Az 6'is'58 37 24 German 5 47% 34 German ¥ 119 107 Grt Brit & Ire 4s °90 116% 110% Grt Brit & Ire 5% 9415 67% Italy 7s°51 89 69 ItalyCrdPW Tfl'-h'R = 85 53 Italy P U Credit 7s’, 45 '37 89% 774 Japan 5! 100 90 Japan 6’z 37% 26% Kreug&Toll 8515 60 Milan 615552 1025 96% N 10215 96% New Sou Wale: 171 135 Nord Rwys 61s 102% 981 N 103 99% 104% 100" 98% 88 5 100%, 135 4 1001 1011 102 97 831 8 Norway Hy El 5 R85, 74% Orient Dev. 90 77% Orient 6s'53 163 130 Paris Orl Ry 5125'68___ 1712 7% Peru 6s'60 178 71 Peru 6s ‘61 12615 9974 Poland Ts " 36% 24% Prussia 6s 5. _— 109 103 Queensland 6s'4 110% 106'% Queensland 7s’41 43 343 Rhinelbe Union 7s'46 39' 26% Rhine Ruhr 6s 43'3 37 Rhine West 6s 43 36% Rhine West 43% 37 Rhine WE 87% 60 Rome 6% 89 130% 17% 1% 112y 25'% 13015 1083, 110 911 73% Sao Paulo State 7s 40 40 30% Saxon Pub Wks 612851 424 30 Saxon 7s'45 87% 7413 Taiwan El 951, 8815 Toho Elec Pwr 7s 85% 72 Tokio Elec Lt 6s'5; z —_— 43 34 Unit Stl Wks 6138 '51 A 41% 341 Uruguay 6: 41 34'% Uruguay 6s°64_ 737 63 Warsaw 7s'38 4312 35% Westphalia El P 6= 53 _——— 90 80% Yokohama 6s'61_______ 89 DOMESTIC BONDS. 1051 108 Abram & Strs 75'% 6414 Alleghany C: 661 5215 A Allis Chalm Am & For Pw Am Roll Mill cv 55 '3 Am Sm & Ref 58’47 Am Tel & Tel gold 45'36 Am Tel & Tel 4145 '39 Am Tel & Tel cl tr 55 '46 Am Tel & Tel db 55 6 Am Tel & Tel 586, Am Tel & Tel 515543 Am Wat Wks 5s 1133 111% 13% 111 113% 111% 102 80 26% 19% 10415 102 106% 103 1064 101% 111% 106% A'T&S Feadj 4595 stpd A T&S Fe gen 4s'95__ 110 10415 A T&S Fe 415s'48 103% 93 Atlantic C L Ist 4s 921% 71% AtlanticCL 4%s'64 _ 108% 107% Atlantic Ref deb 55’37 105 *40 104% 95% B & O 1st 4s'48_ 60% 381 B& O 41:5'60 109'5101 B & O 1st 5s 48 54 B&OTef5s'95 A 5215 B& O 5596 F 521 B & O ref 55 2000 D _ 63% B& O 6s'95 C 931 B& OP L E&WV 4s'41. 86 B&OS W Div5s’'50 75% B & O Tol C Div 48’59 106 100% Bangor & Aroos 4s'51 120% 113% Bell Tel (Pa) 55’48 B 126% 116% Bell Tel (Pa) 55’60 C_ 1041% 103% Beth Steel p m 55’36 115% 105% Beth Steel rf 5542 _ kt] 59% Boston & Maine 55’67 110% 1067 Bklyn Edison 58’49 A 107% 104% Bklyn Man Tr 65’68 A. 110% 100% Bklyn Union El 58 '50 _ 708 51% Buff R & P con 4%s '57_ 51 37% Bush Term cons 5855 105% 1031 California Pack 114% 109% Canada Nat R 4% 104% 102% Canada Natl 4%s '54 115% 109 Canada Natl 474s" 113% 108% Canada Natl 4 33+ 118 112% Canada Natl 58 '69 July. 120% 115 Canada Natl 55 '69 Oct 125 119 Canada Nordb 61:5°46 1075 104% Canada Nor db 7s°40 __ 89 811 Canadian deb 4s 'perp 102 95% Canadian Pac 4%s '60 106% 101% Canadian Pac 5s '54 967% 711 Cent 11l El & Gas 58’51 103% 97% Cent Pac 1st € 4s'49___ 87% 69% Central Pacific 58’60 _ 79% 631 Certain-teed db 5%s'48. 108k 101% Chesapeake Corp 55’44 _ 106% 102 Chesapeake Corp 5s 47 . 120% 114% Ches & Ohio g‘n'{%ua':L 95% Baldwin Loe 40 4404401+ +0001++41++ - 111% 111 112 111% 118% 110% Ches & Ohio con 112% la’o — 1035 — High, Low. 1097106 Chi B&Q 111 Div 4549 __ 1ou 110% 109% 114% 109% 110% 100% 107% 68 95% 113 110 94 112% 44 108% 106 10674 44% bd's 107% 9 111% 110 110 21 102 80 T4Y% T4 12% 12 95% 94 13% 1004 109% 106 107% 106% 105 89% 100 98% 9% 44T 397 90% 11w 865, 631 10734 934 65 95 9415 1045 11k 56% 61 1% 831y T0% 75' 78% 4% 109 105 79% 1035 1091 754 12 50% 123 106 118Y% T34 1128 108 991y 60'a 50 91'% 6115 21 105 108 7 1% 109% 114w 30k 45 63 52 61 111% 32 92 17 10015 100 10115 76% 107 102% 107% 106 96 109 974 974 99 98% 107 106% 119% 109% 97% 107% 108 115% 106 106% 1071 100 108% 75 53% 104 - 76% 521 102% 102% 98% 100% 108% 104 71 1% 141 8316 1% 105 104 1081 110 833 984 105% Chi B&Q gen 4s 58 108% 104% Chi B&Q 4%s'77 B, 107% 107% Chi B&Qref 58’7 111% 5% Chi & Eastn 111 58 11% 18% Chi Great West 48’59 26% 9% Chi M St P&P 68’75 __. 14 2% Chi M StP&P adj 552000, 4% 14% Chi& N W4%s2037___ 19 ll'/.(hl&.'\wl‘ 82037C_. 18% ('hl&:\wfl.u't‘s,, 111 Chi& N'W 6% 36 56% Chi Railways- Tt 5 7 ChiRI&Pref4s'34 __ 14 ChiRI& P 4852 4 Chi R1& Plstd1:n'60__ Chi Un Sta 41;8°63___ Chi Un Sta 5% 63 Chi& W Ind cn 48 '52 Chi & W Ind 5'%s Childs & Co deb Chile Copper ab 5s " 3 Cin Union Term 5s 2020 112 CCC&StLA4RS'TTE . 69% CCC&StL5s'63D ___ 8% Clev UnTerm 4%s'77___ 92 Clev Un Term 55 '73 B__ 100 Clev Un Term 5 103% Colon O11 65°38 Col G & Col G&E 58’61 __ Comel Invest 5%s " Cons Coal (Md)rf 5 ConsGasN Y 4 Cons Gas N Y 58, Cons Gas N 'Y db 29 Cuba R R 1st5s’s 37 Cuba North 5y 106% Cumberland T& 101% 106% 111 11 23% ll' 66% 10% 10% 4% 106! 1063 92 102 51% 79 1104 29 99 1028 1047 74% Del & Hudson rf 4s°43__ hh Den& RG W5 4 Den & Rio G 58 sst_ ll" Den& RG W rf 58 '78__ 108% Det Edison ref 5s 1063 Det Edison ref 5= 104% Duquesne 1st 4% '67_ 9% 9%y " 104% 16'% - 101% T8% 65% 6413 7% East Cul 97% Krie con 48 70 Erie gen 4s 5215 Erie ref 5s ' 52 Erie ref s Sug 714537 6% Fla East Coast55'74___. 8 5% Fla EC Ry bs'T4ctfs . 7% ¥6 Gen Cable 51847 54 Gen Steel Cast 5%s'49_. 6% Gen Theater Eq 65 '40_ 92! Goodrich 6s'45__ 108 Goodrich 61847 103' Goodyear Rubber 5 105% Grand Trunk 6s '36 104 Grand Trunk 7s '40 96 GrtNor Rrf4%s’61 A_ 63 Great Nor 428’76 D 75 Great Nor gn 548’5 82 Great Nor gen 7 87 Harlem R-P C 1st 45754 35 Hudson Coal 58 '62___ 25% Hudson & Man adj s; 57 80 Hudson & Man rf 5s°57 1074% 671y 424 103% 8l 50 111 Bell T 1st rf 55 '66 A_ 109'&. 111 Cent ref 4s " 111 Cent 433’ cr. Inland Steel Inter Rap Tran Inter Rap Tran 6: Inter Rap Tran cv 7s '3 Inter RTcv T Inter Cement 5s 48 Inter Gr Nor adj 6s "5 Inter Hvdro El 6544 __ Inter Mer Marine 6s "41 Inter Paper 5s '47 A Inter Tel & Tel 412s" 50 Inter Tel & Tel 41, 5515 Inter Tel & Tel 55" 69 Kan City South 3 53 Kan Cit 105% Kan City Ter 1st 4s'60_. 100% Kan Gas & El 432580 _ 443 Kelly-Spring Tire 6542 10135 Kendall 5% 105% Lack Stl 1st 58 "50 69 Laclede 5%s'60 D 7 Lautaro Nitrate 6s 30% Lehigh Val con 4s 115% Liggett & Myers 55 '51 103% Loew's 63 '41_ 1124 Lorillard(P)5s '51_ 58 Louisiana & Ark 5s’69_. 107% Louisville GEE 5s '52 A 112% 1043 Louisv&Nash uni 4s'40_ 107% 93% McKesson& R 51 Man Ry N Y con 4s " Market St Ry 7s 40 A__. Met Edison 4155 68 Midvale St & O 5 3 82 9Ty 4T 28 46% 58 5815 £0% 691 T4% 76 65% 107% 104 79% 102% 107% 5% 63 91y Mil El R&L gn rf §s'71 M St P&S S M con 4s'38 Mo Kan & Tex 1st 4590 Mo Kan & Tex adj 5s '67 Mo Kan & Tex 55 '62 A__ Mo Pacific gen 4s°7 Mo Pacific rf 55 '65 A. 4 Mo Pacific 5877 F . Mo Pacific 5578 G_ Mo Pacific 55 '80 H ‘s Mo Pacific 55 '811. Mo Pacific 5 = Te% 935 Montana Power 5: A'L. 106% 91% Morris & Es 3138 2000__. 94% 85% Morris & Es 41255 88 50% 1021 105 Nassau Elen gtd 4s'51_. 61% t Dairy Prod 5%s'48_ 104% Nat Steel 5556 New OrlPS5s'55 B New Orl T & M 5138 '54. ent 315897 _ .\ Y Cent con 4s'98 reg .. NY Cent ref 4125 2013 . N Y Centrf 4155 2013 n_ % N Y Centrf 552013 Cent conv 65 '44__ ChisScL 4 s &St l, st 6s Edison 53 '44 B 57 43% NYC 1054 N Y X Y ¥ Y _-. 108% 111% Y 16 27% N Y 40 Y 30 40 109 9 171 N Y W & B gen 4355 46_ 62% Niag Sh Md 5%s 50 110% Norf & W 1st cn 4s '96 81% North Am Co 5861 _ 1% X 781 0% 101% /////// 2 b4 Y Y Y 88% North Pacific 6: 103 North St P 1st 101 Oreg Wash RR&N 4s'61. 106 69% Otis Steel 1st 55’41 A__. 94% 106 Pacific Gas & E15s 42 _ 1071 58% Para-Fam-Lasky 6s’47_ 96 59 Para-Fam-L 6s’47 ctfs = 96% 591 Paramount-Pub 51%s'50 97% 58% Para-Pub 5%s '50 ctfs__ 100% Penn R R 4% 581 D 99% Penn RR4Ys'84 E 1141 Penn R R con 4‘&5‘6 E 104% Penn R R gen 4143 "65_. 90% Penn R R 4145 '70 D_ 104% Penn R R 4% s '63._ 105 PennR R 58’64 109 PennR R gen 5s'68_ 103 PennRR 61%s" bt 98% Penn Pw & Lt 41,5 '81__ 106% 98% Peoples GL&C rf 5s'47_ 107% 7914 Philadelphia Co 5s°67__ 100 104% Phila Elec Co 4571 _ 52% Phila& RC&Ir5s'73_. 60% 30% Phila&Read C&I 6s'49_. 40 101% Phillips Petrol 5%s°39_ 103 50% Port Gen Elec 4%s’60_. 75% 25% Postal Tel & Ca 5s'53__. 29% 100% Pure Oil 58 '37 99% Pure Oil 5%s 824 Purity Bak b8 48 961% Reading Jersey C 4s’51_ 105 Reading 4%3°97 A _ 99 Rem-Rd 5%8'47 A ww_. 54% St .1 M&S R&G 45733 9% StL&SF4s'50 A T4 StL&SF 41578 7415 San A&A Pass 4543 413 Seaboard A L 6s 101% Sinclair Oil 61,538 B 101% Sinclair Ol 7s'37 A_ 98% Skelly Oil 5358 '39 107 South Bell T&T 6014 South Pac col 4s 89 South Pac ref 4s " 56'5 South Pac 4%s'68_ 55% South Pac 4128’69 ww_. 56 South Pac 434s'81. 78% South Pac Oreg 4%s'77. 85% 99% So Pac San Fr T 4s '50 ._ 106% 28 Southern Ry gen 45’56 4 35% 77 Southern Ry 68’94 - 83% 35% Southern Ry gn 6s°56__. 44 354 Southern Ry 6348 '56 __ mt 35% 107 Souwst Bell Tel b8 '54 A 101 107% Stand OIN Y 438 '§l... IM 1084 104 41A__ 106% 104 68% 12% 11% 86% 6'n 101% 10!“ 107% 111% 11 24 12% 4% 103% 68% 1% 45% lu-nb & la'. flnu. dll' P :A:b+ ] P g | trade, and instead Moscow will en- - lflabq High, Lo 48 :s " Studebaker C cv 654 104 90 Tenn El Pw 6s'47 104% 102% Texas Corp cv bs '44 9315 79 Texas & Pac b 9315 79% Texas & Pac 95% 79% Texas & Pac s '80 58% b60% Third Ave 1strf 28% 1% Third Aveadj in 113% 107% Union Pacific 1st 45 '47_ 103% 99% Union Pacific 4s 68 _ 104 12 10:% 108% 104% Union Pac 1st rf 4s 2008 107% 93% 87 United Drug 5s'53 98 90% U S Rubber is 47 65 Utah L&T 58’44 A_ 697 Utah Pw & Lt 58"44__ 20% Util Power 5s 49 ww_ 24% Util Power 538’47 94% 66 Vanadiumcv 5. 41 £0% 113 110% Virginia Ry 1st 5s'62 A 112 (Continued From Page 2.) 1935 — Stock and Hich Lew Dividend Rate 79% 437 Spiegel-May-Stern. 19% 13% Stand Brands (1) 130 122% Stand Brands pf(7) 4% 2% Stand Com Tobacco. 5 4% 13 Stand Gas & Elec__. 31 5% 1% StandG&ES$4pf . 18 123 A‘. Stand G& E $6 pf __ 16 Stand G& E$7pf__ 1% Stand Inv Corp 387 27» Stand Ol of Cal (1) 116 111 Stand Oil Exp pf(5) 27% 23 Stand Oil of Ind (1) 32 26 Stand Oil of Kan __ 5013 35% Stand OILN J (11) 20 121 Starrett(LS) (a25c) 67 58% Sterling Prod (3.80) 3% Sterling Secur pf___ 6% Stewart-Warner 233 Stone & Webster. 21 Studebaker Corp 6012 Sun Ol (1) __ 115% Sun Oil pt (6) _ 11 Superheater (50c). 1% Superior Oil. 5 Superior Steel 3% Sweets Co of Am 14% Swift & Co (150c) -~ % Symington (d)_ 1% Symington (A)(d) Sales— 267 14 9 7 Telautograph (60c) x 4 Tennessee Corp.... 16% Texas Corp (1) 28% Texas Gulf Sul (2)_ 14 Texas& Pac RR 3% Tex Pac Coal & Oil 813 Tex Pac Land Trust 1314 Thatcher M (a50c) 50 Thatcher M pf(3.60) 5% The Fair_._ . 6114 The Fair pf (1 213 Thermoid Co _ 2 Third Avenue ____ 16 Third Nat In (a50¢) 13% Thompson Products 1% Thompson Starrett. 17 Thompson Star pf__ 7% Tide Wat Asso Oil 84 Tide Wat A O pf(6) 26% Tide Wat O (a6ic) 100 Tide Wat Oil pf (5) 43; Timken-Detroit ___ 28% Timken R B (11) .. 4% Transamerica(30c) x 7% Trans & Westn Air 5ls Transue&Williams._ 17 Tri-Contl Corp 69 Tri-Contl Cor pf(6) 36 Trico Prod (23 4% Truax-Tra Coa 312 Truscon Steel 5 23 TwinCity RT 27% 18 TwinCity R T pf 2% 1% Ulen & Co 53% Und-Ell-Fisher 29 Union Bag&Pap (2)x 44 UnCarb&C (1.60)_ 14% Un Oil of Cal (1) 8212 Un Pacific (6) - 7913 Un Pacific pf (4) 20% Un Tank Car (1.20) 9% United Aircraft 412 United Air Line vtc 7 United Am Bosch . 2 20% United Bisc (1.60)_. 113 United Bisc pf (7) 46 United Carbon 2.40 1% United Corp = 20% United Corp pf (3). 8% United Drug ... 4'2 United Dyewood 65 United Dyew pf (7) 3% United Elec Coal T1% United Fruit (3)___ 9% United Gas Imp (1) 8713 United Gas I pf (5) 2'x United Paperb'd (d) 1% United Piece D W 10 United Pce D W pf % U S Distributing 5' U 8 Distributing pf 412 U S & For'n Secur _ 65% & F S 1st pf (6) 1 S Freight (1)____ High, Low. 43% 42 104% 103% 915 9V, 89% 90l 89% 55% 53% 21% 21% Add 00. High. Low. Close. Chu 37 681 16% 60s 127 —~1935 — High, Low. 96%. 19% 12 19% 66'% 68% ss 86% Close, chn 43 +1 1021 —1% 104 90% 89% 90 55% 101% 90% ! 4815 Warner = 32% Warren - % +1% 21% + % 1% — % 3% + % -1% - -% - % + % oy -3y b +3% 115 + % 11 b 1024 106% 100'2 90 — 1935 — High. Low 16733 143 66 1% ™ 66 5% 4674 4 USInd 12 40 1 4 Vadsco 11% 91 AL b L) Warren Wells F: West Pa Weston 29 Weston : 16% 14% Wilcox Wilson ilson 5 Wright le Yellow 293, 217 62 3l 4% Dividend rates 18 13 3814 declarations lus cxtra ast vear reorganized. Stock and Dividena Rate. 59% 40'3 US Gypsum (1) U S Gypsum pf (7 5 USHoffman _____. 5 S Leather A vtc S Leather vte____ S Leath pr pf vte. 1 S Pipe & ¥ (50¢) 9% U S Rubber S Rubber 1st pf Smelt & R (a6) m &R pf (32) 7 Wrigley W jr Towne (60c) 42 31% Yellow Truck pf_ Young Sp& W (+1) YoungstownS& T oungst'wn S&T pf s Unit of trading less than 100 shares 891 Wabash 1st Ss '39 ‘Wabash 5s '76 124 Wabash 538’75 36% Walworth 6s 45 Bros cv 65’39 Bros cv 6s°41 744 West Shore 1st 4s 2361 _ 107 104% Western Elec deb 58 '4 8715 Western Md 1st 4s Western Md 5%8'77____ 25 Western Pacific 5546 A 82 Western Unlon 4‘;! 50 8215 Western Union 5s '51_ £0 Western U mm, 100 Western Union 6% Wheeling Stl 4585 15 100% Wheeling Stl 518 u\.\. 110% 108% Wilson & C ion 58°60 __ 1st 99% 89% Youngstown Stl 58 98% 89's Youngstown Stl5s” Bales— Net Add 00. High. Low. Close. Chse. 53 57% 56% 57 — % - 110s 153 153 6% 457 12% 678 65 19' Alcohol (2). 143 32 15 95 3 28 105 169 59 999 103 Tobacco (15) . 3 7 § Tobacco pf (7). 312 United Stores (A) .. & ited Storespf___. 1 iv Leaf Tob (12) *lu U ivPipe& Rad___ 8 iv Pipe & Rad pf. 100s ah Copper_______ 1 UtilPw&Lt (A) 20s 30 30 Sales Corp._. 11% Vanadium Corp _ Van Raalte ___ Van Ral 1st pf (7). 6 108 6 Df El & Pw pf (6! 2 Vulcan Detin (a4)__ 10s 414 Waldorf Sys (b20c) K § 26% Walgreen Co (1.40) x 1% Walworth Co.._._ 18 Ward Baking (A) 1 Ward Baking (B) 5 Ward Baking pf ( Warner Bros Pic Warner Bros Pic pf 42 ’UA Warner-Quinlan_ 2'; Warren Bros 33 3 166 Bros ev pf_. Warren Fdy&P (2 Webster Eisenlohr_ 'argo Wesson O&S p (4)- West Pa El West Pa Elec pf (7) West Pa Pwr pf (6) 4 West Pa Pwr pf (7) ‘Westn Dairy A Westn Dairy B vte. Western Maryland Western Pacific pf- “» Western Union West'gh'se A B 50c_ Westingh'se Elec _ West'h'se 1st pf 3% Elec Inst__. Elec (2) A Westvaco Chi “40c) Wheeling Steel .___. Wheeling Stl pf($1) White Motor 2 White Rk M S(1.40) White Sew Mch pf_. Oil & Gas__. & Co (aZse) & Copf (6). Woolworth (2.40) __ Worthington Pump Worth Pump pf B__ Aero 473 801 23y 28 38 274 19 518 Truck - 14 Zenith Radio_ 2% 25 Zonite Products ___ 3 2% as given in the aove table are the annual cash payments based on the latest quarterly or half-yearly + Annual rate— a Paid this year. b Pald in receivership or being BRITAIN EXPECTS ELECTION IN FALL, TRADE HOLDS RISE (Continued Prom First Page.) retail lines, Sales in May were barely | 1 per cent ahead of last year.” MOSCOW .—"“Russia will gradually reduce the number of her purchasing agencies abroad, it was revealed this week by the commissariat of foreign courage foreign firms tc send their representatives to Russia to familiar- ize themselves more thoroughly on the spot with the needs of a given indus- try. ‘The commissariat expiains that this procedure is found necessary in view | of the fact that the country is now importing fewer manufactured goods from ordinary stock jines and more complicated machinery for the manu- facture of producers’ gcods, installa- tion of which is genecally dependent on peculiar local conditions and needs. “Hence, negotiations with foreign firms and selection n( equipment to be purchased will “ultimately take place in Russia, with foreign firms called upon to prove the advantages of their products over the products of their competitors. Soviei trade dele- gations maintained abroad, it is as- serted here, have by now accumulated an invaluable mass of information and trade experence which is at the dis- posal of the commissariat of foreign trade. It will no longer be necessary to have so many buying agencies, or 50 complete a staff in those which will be maintained indefinitely in the larger markets.” —_— TAXES TAKE BIG SHARE OF STEEL EARNINGS By the Associated Press. NEW YORK, July 13.—Reports to the American Iron and Steel Institute from 26 leading steel companies show payments of Federal, State and local taxes during the six years from 1929 through 1934 were $390,000,000, or | 66.4 cents out of every dollar of the total net income available for pay- ment of taxes and for return to stock- holders. FEDERAL LAND BANKS YORK. July 13 (P —Federal| nd: Bid. As‘ke NEW YORK PRODUCE. ~Butter, 13.« . " Cheese. 1l mixed colors. all m 18, Dividend Changes By the Associated Press. NEW YORK, July 13.—Favorable dividend changes in the last week totalled 20, against 22 the week be- fore, according to the Standard Sta- | tistics Co. of New York. Unfavor- | able changes numbered 4, against 11 in the previous week. Details of | changes: Favorable. Increased—Insurance Co. of the State of Pennsylvania, First National | Bank (Wallingford, Conn.) Resumed—Allied Mills, Argonaut Mining, Pyrene Manufacturing. Extra—Home Insurance, Lucky Ti- ger Combination Gold Mining, New York & Honduras Rosario Mining, Agnew-Surpass Shoe Stores, Cater- pillar Tractor, National Steel, Carlos Mining, Franklin Fire Insur- ance. Initial—City of New York Insurance, McLennan McFeely & Prior class A, McLennan McFeely & Prior class B, St. Louis Cotton Compress, Group Se- curities (agricultural shares), Group Securities (distillery and brewery shares), Group Securities (investing company. shares). Unfavorable. Reduced—Peoria & Bureau Valley Railroad. Passed — Second National Bank | (Philadelphia), Electric Power Asso- ciates common, Electric Power Asso- clates class A. FURNITURE PRICES HOLD. NEW YORK, July 13 (#).—Furni- ture buyers are reported to have dis- played a willingness to cover require- ments up to the middle of November. Recent price advances are expected to be kept in force the balance of the MORTGAG San | |SALES OF PLUMBING SUPPLIES UP SHARPLY By the Associated Press. | NEW YORK, July 13—Exceeding all records back to 1930 and in some divisions those of 1929, sales of plumb- ing supplies for the first half of 1935 have extended the gains recorded for | 1934, according to a survey made by Dun & Bradstreet. PFunds available through the national housing act have |cnmbmed with a natural expansion to place this branch of the heavy goods mdustry in a most favorable posi- tion, the agency says. REFRIGERATOR SALES LAG. NEW YORK, July 13 (#).—The | National Electrical Manufacturers’ Association estimates that domestic sales of household refrigerators de- | clined $1872,473 in May, compared with April. 4 STOCKS UNDER $§10 Some outstanding values are now available in stocks of low price. | Be sure to read “A Low Priced” Stock Group.” 1If you return this “ad” and $1, you will receive the above analysis and all the following: 4 next issues of THE FINANCIAL WORLD, July issue of “Independent Appraisals of Listed Stocks,” 64 “Stock Facto- graphs,” “10 Stocks With a Future,” “Revising F. W.s Opinions on 236 Stocks,” “5 Stocks Behind the Market,” What su;n When jInfation Comes.” L% study of “The New Yorl July 17th issue. l“. 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