Evening Star Newspaper, July 16, 1935, Page 17

Py steady, unchanged at 67%. FINANCIAL. THE EVENING STAR, WASHINGTON, CORPORATE BONDS REMAIN STEADY Junior Rails Hold Attention, but Utilities Decline—U. S. Issues Quiet. By the Associated Press NEW YORK, July 16.—The cor- porate bond market showed little change from its early appearance of | steadiness during late trading today. Junior rail obligations continued to attract most attention. There was a slightly easier tone among utilities. United States Gov- ernments were quiet but steady. Supervised Shares Shews Net Assets 17 Per Cent Higher Bpecial Dispatch to The Star. NEW YORK, July 16—Between | March 31 and June 30 net asset value | of Supervised Shares, Inc., increased 17 per cent, according to the tenth quarterly report inssued July 15 Per share asset value of $1.33 at June 30, compared with $1.14 on March 31, last. and $1.20 on Decem- ber 31, 1934 (excess of market value over cost) stood at $961,926 on June 30. This compares with an unrealized depre- ciation of $230.244 on March 31, re- sulting in a net change of $1.192,171 during the period Net assets of the company stood at $8.181,482 on the basis of valuc of the 57 stocks owned. The | ten largest investment holding as at the end of the quarter, accordinz to size, were as follows Inter| Bn Ligsett & Myers Tobacco Co Fastman Kodak Co Co.. Inc co American_Gas & Electric Co General Motors Corp FOW Woolworth Co No change of importance were made in the investment holdings during the quarter. Washmgton Exchanae rash. -$1,000 at 106 $1,000 at 106 Wash. Ry. & Elec Por. Elec. 512 11415 500 at 1047 -5 at 114 4s pfd 5 at AFTER CALL. 1960—$5.000 at 118': $1.000 at 118 00 at 1181z Pot. Elec. 6% pfd.—> at 111%, Bid and Asked Prices. | BONDS. PUBLIC UTILITY Bid 108 Tox: Wash. Gas 5s PTG TUESDAY. JULY 16, 1935. BONDS ON NEW YORK STOCK EXCHANGE By private wire direct to The Star. Approximate Transactions Today. U. S. Gov't Bonds Foreign Bonds Domestic Bond LIBERTY. 4th 47,=1033-38 10119 10119 4th 4%s33-38rg 10117 10117 TREASURY. High. Low 10128 10120 10328 10326 1042 1042 1056 1055 1051 10430 3381041 108 23 10820 31,8 1944-46 10615 10612 3355 1940-43 June 108 20 10820 33,5 1941-43 Mar 10823 10823 107 24 10722 110 16 11014 2745 1955-60 38 1046-48 41,81047 41481947 $2,380,000 2,110,000 5,800,000 10119 10117 Close. 1o 21 10326 1042 1056 1051 10820 106 15 108 20 10823 10724 11016 123 106 2: 1173 17 2 FEDERAL FARM MORTGAGE. - 10119 10117 - 10220 10216 351949 ~- 10218 10215 HOME OWNERS’ LOA 1013 1011 10031 10031 10216 10212 FOREIGN BONDS. Hieh. Lo Abitibi Pa&Pw 58753 28's Antioquia Antloquia Antioquia 3 Unrealized appreciation | , sentine 6s° entine 6561 Febr 981, ‘61 May market | 3 Belgium 61 Belgium 63 Belgium 7s Belzium 75 56 riin 65 '58 Berlin E X | Bogota 8 ! Bolivia Ts Belivia 7a 6 Bolivia 8s 47 Brazil 6les 26 281n 10119 10220 10218 N. 1013 10031 10214 w. Close. 28l 93, | 914 | Chile Mtg Brazil 8s 41 Brishane 5 Brisbane s’ nos A 6s 61 st 18'615tPY 101 64 61z 96 1 1074 102 114 14 14 14 Bk 6561 Chile Mtz Bk 6s 62 Chile Mtz Bk 61 Chile M k 6 Chilean Mun i Christiania 6s s'61 50 1 jan Oct.- Colombia 6= Colombia 6s 61 Cordoba 7 Cuba 528’ | Denmark 6s Wash. Rwy Dominic 15t 5 | Elec Pw Ger 6128 Barber & Rna Inc. 0 = | Chevy 50 Storage 5t STOCKS. ; PUBLIC UTILITY. | Amer. Tel. & Tel_ (9) = Capitai ‘Transit Co. (1} 0% & W. Steamboat (6 Ry & 20 pfd NATIONAL BANK. | Frenc Elec Pw Ger 6 Estonia 78 '67 Finland 6%s '56 Gov T¥%s'41_ Ger C Bk A 6560 Oct Ger C Bk A 7850 Ger Gen El 61:8 40 __ Ger Gov 512865 Ger Prov & City Bk con Ag 64858 ___ Ger Rep 75 '43 GriBr&lIrds | Hung Con M 7 \\asmrt'on TRUST COMPANY Amer. Sec & Tr. Co. (8) a Natl. sav. & Tr.____ Wash. Loan & Tr (8 SAVINGS !ANK Com. & Savings (6)_ FIRE INSURANCE. American (12 Corco: TITLE INSURANCE. Columbia (.30) Real Estate % MISCELLANEOU Carpel Corp. (1.60) Lanstor ) Mergenth: Peoples Drus §. ofd & c Ter. Ret & Wh Wdwd. & Loth. cos Wawd. & Lothirop pfd. 4Ex dividend cents extra IFiat Washington Pr;)duce Most quotations were steady at un- | changed levels on the Washington | produce market today. The onlv weak | spots were in live pultry and a few | fruits. The summary, with egg and live | poultry prices furnished by the De- | partment of Agriculture, follows: | B e-pound prints (92 score). | 1-pound prints (90 1-pound prints (80 11a20: ik s Sy 2 score) . veal 1 HOGS—] medium. ' 9.50a10.25 X 7 4.00a’ slm 4.60a | #0u¢ Spring lam % { §_ at unchanged | es urren mm 23824 : hennery S Tasais - Government traded and dated white esgs (Including grading | a2d marketing costs extras. { Xtras, me‘lw 26%: U 8./ supply and prices ¥ to 1 cent’ olored, 5 pounds and over. 15017, , Leshorns pou “:‘.3 'hllk”l tcme 11al5. BROKERAGE HOLDINGS OF U. S. STEEL MOUNT By the Assoctated Press. NEW YORK, July 16.—The floating supply of United States Steel Corp. common stock as indicated by the number of shares held in brokers’ hands on June 30 was 1,701,767 shares, or 19.55 per cent of the total shares outstanding. This is an increase of 18.530 shares over the floating supply on March 31. Brokers’ holdings in New York State. which indicate to some extent the position of Wall Street, were 1,517,220 shares, against 1,511,699 at the end of March. 25 TONS OF LEAD SOLD. NEW YORK, July 16 (#.—The St. | Joseph Lead Co. reports that 25 tons of pig lead from Southeast Missouri mines were sold yesterday at $4 per hundred pounds: St. Louis. NEW YORK BAR SILVER. NEW YORK, July 16 (#)—Bar silver | Sao PauloC 8 ‘Yokohama €s 61 | Am Iee cv 58 '53 Am Writ Pap 65 '47_. unmat coupon on Italy 78°51 Ital PUCrd 7 | Kreutoll 55394 cfs Lombard El 75’52 Merid Elec 7 Met Water 518 ‘50 Mex 4s '10-45asst sm Mex f 5545 asst Mex Ir 4328 43 asst__ Milan 618 ales 5358 Nord Ry 6128’30 Nor Ger Lloyd 6s '47 | Nor Ger Lid 6s'¢Tnew Norway 6s°52 ____ Oriental Dev 6553 Paris Orl Ry 5% '68 Pernam 7s '47 Sept coupon oft _. Peru 65’60 Peru 6561 Poland 6s 40 Poland 7s '47 Porto Alegre 71%s°66 July coupon oft Prussia 2 Prussia 6%s '51. Rhein-Rhur s '51_. Rhinelbe Un 7s "46 Rio de Jan 6135 '53 Aug coupon off __ Rio de Jan 8s 46 April coupon off _ Rio Gr do Sul 68 il June coupon off _ | Rio Gr do Sul 7 u May coupon off | Rio Gr do Sul 78 67 June coupon off Rome 6%s 52 9 Aug coupon oft___ 52 coupon off Sao Paulo St 6s July coupon off .. Sao Paulo St 75 40 Sao Paulo St 7s '3 Sept coupon off Sao Paulo St 8336 July coupon off __. Sao Paulo St 8550 July coupon off __. Saxon Pb W 78’45 2 unm ¢ on Shin'su El P 635 '52 Stlesia Prov 7s 58 ‘Taiwan Elec 5%s 71 5 Toho El P'z s Tokio 5%s 61 Tokio El Lt 6s'53 Un Stl Wk 6%8'51C. Uruguay 6560 . __ Uruguay 6s '64_1____ Uruguay 8s 46 Warsaw 7s '58 Wuerttemberg 40 42 74 31 881% DOMESTIC BONDS. Abr & Straus 5155 ‘43 103% 1031 Alb&kSus 3%s 46 gtd 101% 101% Alleg Corp 5s '44 2% T1% Alleg Corp 55 '49 62% 62% Allled Stores 4% 50 94 9315 ATlis Chalm 5s 37 101% 101% Am & For Pw 53 2030 103% 101% 2% 62% 101% 1% 83 95% 96% 961 104% 103% 104% 101% 101 101% 108 107% 107% 109% 108% 108% 112% 112% 112% 113 112% li2% 113 112% 112% 9% AmIGChs% Am Intl %8 49 Am Roll Mill 4%!1‘;5 K M!i 24% 24% 93% | Gr T’k of Can 6s ‘36 BOND AVERAGES 20 Ralls. Net change Previous day - 878 80.4 145 - 458 1011 Today's close_ 110.5 Month ago ... 1098 1935 high_ 1934 high 1928 high . Low. Close. | 12 12% 103% 103% 1056 Anglo Ch Nitr 7s 45 | Armour & Co 4153 39 | Arm of Del 512543 Armstrg Lnrk'! 40 A T&S Fe gn 48 95 A Fedlys 48 A T&S F RMtdvies'6s Atl Coast L clt 48 52 AtICLun4%s’64 Atl Coast L clt 5s 45 | Atlantic&D 1st 4s 48 Atlantic&D 24 4548 AUlG & W 158 At] Refin deb 58 oy | B&O 15t 4n 48 0 3| Kance Beth St rf db 5 Hos & Me 4 Bos & Me bos & Me 5s * 57 | BIvn Edis 58 " Bkiyn Edis 5= Bklyn Un Gas | BKlyn M T 58 49 BKiyn M T 63 68 A | Buff R&P con 41857 Buff R & P 58 '37 Can‘dian Nt R445'51 Can'dian Nt R41gs'54 Can'dian Nt R4128'56 Can'dian Nt R4 | Can'dian P dbisperp Can'dian Pe 4! 46 Can dian Pe 4* Can'dian P | Caw'dian Pe 58 ‘54 | Cent Br U Pac 4s '48 Cent of Ga 1st Manhat R 4s 90 cifs w0t 'tMmlnn St Sh 6s 47 | Market § 100 102 86 8015 107 esap Corp 5s C&Ozen il 118 11% lll. Chi B & Qgen ChiB&Q 4! Chi B&Q ref 5s Chi B&Q 1 dv 1Chi& Chi & | Chi Grt W 4s \Ihl’l\l‘&]"‘\ 47 | CM&StP gn 3? | CM&StP 4s | CM&StP gn 4% CM&SLP 4% s '8! CM&StP 55°75 Chi R 1&P rf 45 '34 Chi R 1&P rf 4534 cf Chi R 1&P gn 4588 _ | Chi in Sta 4348 63 A | Chi'Un Sta 5544 | Ch & W I con ¢s 52 Chi & W 15%3 62 C&WI 18t r153;562 C CinGas El 4868 A Chiids & Co 58 "43 Chile Cop deb 5847 __ CCCA&StL gen 45°93 CCC&StL rf 4% 8'T7E CCC&StL rf 58 °63 D CCC&StL C div 4539 Clev Un Ter 4138’77 Clev Un Ter 5573 B Clev Un Ter 514724 Colon Oil 6s ‘38 Colo Fuel & Ir 5843 Colo Ind cl tr 58 34.._ Col & So 4% <80 Columbia G & E deb 5852 April Columbia G & B 58°'52 May . Columbia G&E s 5612 ”2 214 92 9 107 107 112 12 111% 111% 103% 103% 3 a7 38% 378 107% 1074 1063 105% 90% 105% 104 ON 4‘1 48% 96's Com Inv T 5%s 49 _ Conn & P Rys /843 Con Coal Md rf 58 50 Con Coal :u 5850 cfs ConG N Ydb5%s'4s | Container deb 5843 . Cuba RR 6= " | Cuba R Rref 7% | Cuba Nor RR 5%s 42 Den & RG W 58 '55__ Den& R G rf 5578 Det Edison 4155’61 D Det Edison rf 55’49 Dul & Ir Rg 35 Dul8S & At §s'37. Duqu Lt 4%s'57B _ Duqu Lt 1st 414,867 East Cuba S 7%s '37 ETV&Glun 58 '56_ Erie cv 4s Erie cv 48 Erie 4596 Erie gen 45 '96 . Erle ref 5567 Erferef 5575 _ Erie Gen Riv 65’57 _ Erie & Jersey 68 '55__ Fed Lt & Tr 55 '42 st_ Fla C & Pen 3s '43. FlaEC Ry 58'T4 FlaECRy5s'T4efs Fort St Un D 413841 Fran Sug 7%s’42 __. Gen Am Inv 5s'52 Gen Cable 5145 '47 Gen Steel C 5%s '49 | Gen Thea Eq 6540 Gen Th Eq 6340 ofs. Goodrich 6s Goodrich s',a 47 Goody'r T&R 5s 57 Gotham Silk H 6= '36 T T TR 105 105 105 34 31% 31% 103% 103% 103% 91% 90% 91% Gr Tr'k of Can 78 '40 GEtNRrefd4%s Gt N Rgen 4%s'76 D Gt N Rgen5s'73C._ Gt N R gen7s’'36 A Green Bay 6s 6 Gulf M & N 55 '50 . Gulf Sta St15%s RTM Hoe (R) 6%s 34 Hudson Coal 5s 'S Hud & Man inc 58 °57. Hud & Man ref 5s '57. 111 Bell Tel 58 66— 1 104 |y Mlmxmm 10 Indust. 98.3 3 982 96.7 90.3 98.4 922 929 73.7 40.0 98.9 10 Uil 96.6 +.3 96.3 94.0 88.5 .1 845 88.9 68.2 64.6 102.9 10 Low-Yield Bonds. Previous day Year ago ... 1078 11l Cent ref 58 111 Cent 674536 - ICC&SIL NO 4%;5°63 1CC&St L NO 58 '83 1N < St L& NO 5851 111 Steel deb 43,8 "40. Inland Stl 47878 A Iniand Stl 4%s ‘81 B Int RT It rf 566 . 1R T 1st rf5s ‘66 etfs | INtRT 653 |Int RT 7s Interiake Int Ag col b8 4 !lp Int Gt Nor adj 65’52 Int Hydro El 6s | Int Mer Mar 68 Int Pap st 58 47 A Int Pap ref s Int Rys of C A Int T & T cv 4% s‘:»_ IntT & T 5855 P& L4s 6L Kan C Sou 1st 35 50 Kan C Sou rf in 58 50 Kan C Ter 1st 45 ‘60 Kan G & E 4148 ‘80 KKelly Spr Tire 6s 42 iendall 5128 48 ww_ Kings County Elev 49 Laclede Gas 58 ‘39 Laclede G 3%8'53 C Laclede G 528 ‘60 D_ L E& Wn ist 6s'37 Lake S&M So 328’97 Lautaro Nitr 68 '54 . Leh C&N 4% 1005 - 1105 6413 1054 106% 107 106% 11 xv 75 61% 107 104 T8% 102! 102% 100% 6 % 103 102 11'a 106 | Eine Con O 6% = Leh V Pa con 4% 2003 Loew's 6 '41 Long Is] ref 4549 _ Long Isl deb Lorrillard 5s ' 58 | Utah L& , Low. Close. Postal Tel & C 68 '53. Pressed St1 C 5833 __ PubS El &G 48°T1 Pub S EL& G 4%s 7 Pure Oil 638’37 Pure O11 5358 40 Purity Bak 53'¢8. R-K-O 41 Reading Jer C4s ‘51 Reading R 4%8°97 A Reading R 4%8°97T B Rem-R 51,8'47 A ww Rem-Rd 5% Rep 1&8tl 5 Richfield O 68 ‘44 ofs_ RIA&L 1st 413834 RG W 1stexin 4539 St L IM&S R&G 4533 StL IM&SR&S1='33ct St L P&NW 58’48 St L-S F 4%8'7i 107% 107% 107% 108% 108% 106 106 100% 1007 101% 101% 98% 987 40% 404 $8 98 106% 106% 1067 106% 103% 104 102% 102% 103 32 11 7% F 58’50 Befs. St LS W 1st 4s'89 BtLSWgnrfbs’'00. St L SW 1st ter 58’52, StPCLRC 58’37 grd. St P M&M ext bs'43. StPM&MM ex 45 '37 StP Un Dep ref 5 4 | 8an AnPb S 68 Schulco 6135 46 B st_ Seabd A Liref 45 '59_. Seabd A L 6s'45 A Seabd A 1. 68 45 cfs_ Sharon S H 5158 '48 Shell Pipe L. 5852 8B Sinc Con O 7s ‘37 A Skelly Ol 5% 539 8o Colo Pwr 65 47T A So Pac col 4549 | So Pac ref 4s° So Pac 4128 So Pac Uax sn_ So Ry gen 43 '56 A So Ry és So Ry So Ry 6%s ", n‘ So Ry §t D div 4s Stand OIl N Y 4'28°51 Stevens Hotel 634 Studebaker cv 65 ‘45 Swift & Co 3%s'50... Tenn Cent 6= '47 Tenn EI Pw 6547 A Texarkana 5 Tex Corpev > TexkPac 15t 58 2000 Tex & Pac 58 - Tex & Pac 5879 C __ Tex & Pac5s'80 D ___ Third Av ref 4s '60 Third A ad in ex 55'60 Toronto H&B 45 '46 Trumbull Stl lx 40 __ Un EI L&P § UnEL&P Un O Cal 65 °42 A Un Pac 18t 48 '47 Un Pac 1st rf 4s 2008 Un Pac 4s 5’\ Unit Biscui nit Drug 5s S Rubber 102% « 1041 s 44 A__ Utah P & L o5 44 Util P& L 53 39 ww Util P& L 5s 47 | Vanadium cv 5541 $'41 filed 850 100 axi Cro'yS5? Mcliess & F Mianhat R 4= 64 Ry 18404 918 Mead Co 65 '45 9. Met Ed 15t rf 4755 68 10 Mich Cent 43457 1025, 100 100 6 341 R a & N W 4s 47 cn4s ‘38 MoK & T 4’ MoK &TGs MoK & T ad | Mo Pac 4s " Mo Pac Mo Pac Mo Pac Mo Pac 5s Mo Pac 515849 A Mob&Oh M div Mont Cent bs " Mont Cent 65 Mont Pwrref 5 Mont Pwr 55 62 A Mont Tram 5s ‘41 Morris & Co 4128 Mor & Esx 345 2000 93 Mor & Esx 58 ‘55 964 Nassau El 45’51 gtd 613, Nat Acme §5°42 ___ 100 100 Nat Dairy 5%s'48 __ 104 103% NatDisPC4 100 Nat Steel 103% 103" | Nat Steel 55 '56 105 5 5 New E T&T 4%s'61 1233 New E T&T 1st 58'52 124 New J P&L 43;5°00 105% New Or P S 55 52 A__ New Or P S 55’55 B New Or T&M incss'35 New Or T&M 55856 C New Or T&M 5155 N Y Cent 312897 N Y Cent £on 4s 98 N Y Cent rf 435 2013 N Y Crf 43%s 2013 N Y Cent ref 58 2013 N Y Centev 6844 124 T8 4 108% 109% 85 85 1014 101% 55% 55's 63 15 634 61 62 § 107% 107% T4% T4 5612« 56% 108% 1081 111% 111% 113% 90% 28% 20 31 7% NYC&StL 1st 48 37 NYC&StL 4%s 78 51 Edison 58 51 C_. 108t Edis ref 6%s'¢1. 111% 2722727 L4 4 L NY Y Ri x .4 Y Y 22727 %! Trap Rk 68'46 stp 81 2114 1064 NYW&B4ls'46. Niag L&O P 58’55 Niag Sh 5%s'50 90y Norf So 1stref 5561 15% Norf&W 1st 4s°96 _ 1147 North Am Co 5861 _ 99%s North Am Ed 55’57 A 100% North Am Ed 5869 C 100 North Am Ed §%s '63 100 Nor'n Pac gen 3s 2041 75 NornPac4s’'97 . 105% Nor'n Pac 4%s 2047_. 88 Nor'n Pac 5s 2047 C_. 95% Nor'n Pac 55 2047 D_ 9412 943 94% Nor'n Pac 68 2047 101 100% 101 Nor'n St P 1st5s’41A_ 106% 106% 106% Nor'n St P 68’41 B__. 107% 107% 107% Ogden L C 4548 33% 32% 32% Ohio River 1st § 101% 101% 101% Ohio River gn 58 '37_. 10216 102 102 Ore RR & N 45’46 108% 108% 108% Ore W RR & N 48’61 1047 104% 1047 Otis Steel 68°41 . 95% 94% 95% Pac Coast 5546 41 41 a1 PacG & ESs 42 107 107 107 Pac RR Mo 1st 4s°38 101% 101 101 Pac T&T ref 68’52 __. 110% 110% Pan-Am P C 6540 39% 39% Par-B'way 53485 62 62 94U 94Y% Par-F-La 68’47 cf Parmelee 68’44 ... 31% 31% 31% Penn Dixie C 63°41.. 89% 89% Penn O & D4%s'77 106 106 106 PennRR3%s'44Dasst 102 102% 102% D 107 106% 106% Penn R R 4348 1061 106% 1061 Penn R R gn 415’65 109% 1084 109 Penn R RAb 4%3°10 97 96% 96% Penn R R 58°64 106% 106 106% Penn R R gen 5s '68 115% 115% 115% Penn R R 6%s 6 103 103 103 Penn P & L 4% . 105% 105% 105% Peo G Lt&C rf bs '47 1064 106% 106% Pere Marq 4% % T % uz 94y 112 112 Phila Ei Co 48 71 luv.lm Phila&k RC& 15873 .ll‘ 61 Phila& RC&165'49 40 39% 40 39 103 102% 103 Philippine Ry 48'37. 27% 26% 27% PCCAStL 5870 A-__. 115% 115 115 115% 115% 115% 60 60 60 4% | Wis C 1st gn 45 '49 1054 | B Ver Sug 1st 7 \:. E1& P s Walworth 6s " Walw'th 613 Warner Bros cv n“ »? Warner-Quin 6s Warren Brcv 6s '41 W Sh 1st 4s 2361 gtd West'n Md West'n West'n Un 5s 60 | West'n Un 61353 Wheel Steel 4 Wheel White S 3 W Sp Stl con Wilkes B&E Willmar § F 5540 104% 9 Wis C 1st gn 4549 ct N Wilson&Co 1st 6541 1087, Youngtn S&T 58’70 B 981, Youngtn S&T 5s'T8 A 98!y 108, 981, 981, NEW YORK & BANK STOCKS NEW YORK. July 18 (P.—] Security Dealers' Aseociation. " Yo¢ (Quotations as of 2 o'clock.) Bie Bk of Man (113) _ Bankers Tr l.ivx o *Including extras FEDERAL LAND BANKS NEW YORK. July 16 &P.—Pederal Land Bank bonds (Quotations as of 2 o'clock.) Bid 102 1003 SHORT TERM SECURITIES. (Reported by Chas. D. Barney & Co.) offer. | Allls-Chalmers Co. 51 1937 Amer. AR Trel R el B 3 Auantic Refining s 183 FERNBEEER TP EEEE mEaz - I8 e 1§ Lehieh Valley Coai l‘flu;:vn.le & Nash. 58 14 Co. 5las Rep. Tron & Steel bs RIC Gr. Western 4s 193: Binclllr Cons. Oll :s l '47 Vanadium Corp Wabash West. N. (] Barney & Co) Bid. 100 1-32 Repnrud 84 by Chas. D 5. ..._-=;__......__ 33282 ’“'§§§E§§"““” sERREEs 225 2328 COTTON CONSUMPTION SOARS. | iar: NEW YORK. July 16 (#).—May cot- ton consumptivp by Indian mills ex- ceeded any previous May, according to the New York Cotton Exchange serv- ice, being 211,000 bales. In the same month last year consumption was 172,000 bales. | above the $17.800,000 to be used in : cluding Goodrich and J. D. Tew, presi- 8012 | dent, refused to admit that Otis & Co. | represented by Gosling, which is an HOLDERS DELAY GOODRICH VOTE Action on Plan to Issue|" $28,000,000 Bonds Due Thursday Morning. By the Assnciated Press, NEW YORK, Juiy 16.—The special meeting of stockholdérs of the B. F. Goodrich Co. held today to act on a proposal to authorize $28,000,000 of new first-mortgage vonds ad)ourned without taking scwoa until Thursday morning. The recess was taken to permit the mounting and checking of proxies, of which more than 16 (00 were in the hands of the tellors Approval of three-fourths of cach class of stock- holders is required. The meeting today, at which David" Goodrich, chairman of the Beard of Directors of the company, presided, had been widely heralded as “the show-down” in & proxy battle and court fight between the management, which proposed the new bond issue, and an opposision led by Otis & Co,, Cleveland investment banking con- cern. Exchanges between the two fac- tions, however, were relatively mild. | J. G. Gosling, officer of Otis & Co. contended himself with reiterating the contentions which have been made by the firm in recent court pro- ceedings at Cleveland that insufficient information was being offered to| stockholders concerning the amount of new money to be raised ever and | refunding outstanding 6'; per cent debentures. Officers of the Goodrich concern, in- incorporated securities firm, was the successor to the old general partner- | have an agreement with Goodrich en- | garding its finances. | court decision in Ohio earlier in the | | Admin Fund ww | DI Dividend Shrs ship of Otis & Co., which claimed to titling it to special information re- They further cited the fact that a | Amesican Fideiit | Brookmire Investors - | Chain week had denied to Otis & Co., the | present firm, the right to the informa- | tion it sought because it was of a con- fidential nature, so that its disclosure might adversely affect the business of | Goodrich. o CHICAGO STOCK MARKET CHICAGO. July 16 the complete official in stocks on the change today Sales 40 Adams 100 Advance _ ®.—Following 1s list of transactions Chicago Stock High. Low. C! 19ig Assoc #00 Autom Prod #00 Bendix Av i0Cen & S W pl pf 20 Cherry Barreil 630l Corp 950 Crane Co 100 Crane pf 100 Dayton Rubber__ ) Dexter Co_.__ 500 E1 Household Nat Wat 0 Gt Lakes Dredge_ man Brew__ 50 Iron _Fireman .«}HK‘I.mnznr Stove 50 Katz Drug 310 Ky Ut Jr cum pf 10Ky Ue oe ot 70 = 20 Ouaker Oais pf 4530 Ryerson 108t L Nat Stk vds 100 Std Drea: 30 8td Dreds vt 100 Butherland Paper 1150 8wift & Co l'ulSlIll | | pe 0 Vikine Pasms ) Vortex Cup 30 Vortex Cus | Az 50 Wah! 200 w-lneen Total stocks sales today. 36.000 shi Total bond sales today. none. . o INVESTMENT TRUSTS NEW YORK. July 16 : — Security Dealers’ As ’ e Tork (Closing Q\lolllbnl fi‘h Am Bankstocks % Am Buslnes.id Shrs. Depos Ins Shrs A Diversified Tr C. PRI 340 + 3 oty Five Year Fixed Tr_ 1 Nor Am Tr Sh 1858 Plymouth Fund_ A FOREIGN MARKETS. By the Associated Press. LONDON.—Trading on_the Stock Ex- cnnn today was quiet. Investment buy- ing securities and in- istrTals o Barden: despite the attractive new issues placed on the market. Oils and forelsn bonds, esecially Urususyel were while ternationals were steady with a few excep- tions. The closing was irregular. BFRLIN. —Disregarding ernment warning prices on t| Tse day were firm throughout. ’:dv-ncin(hu an average of 2 nces of the Auto Dalon Trust. which ced an incresse In ssles’ {rom 5L 000.000 m: the recent gov- | | mfi.mwdd:umaom W”"fll.l‘lmmlfi’l.‘ per cent. FINANCIAL. wx A—17 PRODUCERS BACK GURB ON COPPER World Leaders at London Announce Adherence After Conference. By the Associated Press. LONDON, July 16.—International copper interests’ representatives con- cluding a two-day meeting behind closed doors, announced today the copper restriction agreement would be adhered to. The representatives, from the United States, Rhodesia, Belgium and Great Britain, announced “During March last, an agreement for the restriction of production was reached by the principal copper pro- cucers outside the United States. At that time, provisions were made for holding meetings in the future to con- sider the situation from time to time. “A meeting was held July 15 and 16 at which it was confirmed that the agreement for the restriction ot production is being fully adhered to. Various matters concerning trade practices in the copper industry out- side the United States were discussed |and a unanimous conclusion was reached on every point.” Revival Watched SHARP RISE IN TOOL ORDERS REGARDED AS SIGNIFICANT. MACHINE T0OL ORDERS @922 34+ 100) TIASOND 1T mAm I ASaND T NEW YORK, July 16.—New ma- chine tool orders reached in June, highest level since 1930, surpassing 15-year average. Economists re- gard this a reliable indicator of trend of industrial activity, since at peak of boom buying ceases be- cause of saturation, while at bot- tom of a depression buying begins because of an accumulated de- ficiency. (Copyright DIVIDENDS ANNOUNCED NEW YORK. July 16 _Dividends de- clared (prepared bv the Standard Stat ties Corp.). 1935 by A. P. Wirephoto.) | Pay-| | Assets Over One Million Dollars ON. Extra, Pe- Btock of Rate riod. record. Goebel Brew be Accumulaged. Brit Ceian 1st pf. 3 Miss B & Lt SR biT 3 Inereased. Goebel Pepeekeo Brew Sug_- Allgn Tndustries - Do oI Am’ Asphal Roof bf %1 Argonaut Con Mining Belt Co_ Col Fincnce (RI) | 000 ©! 000! Dominguez Ol Fiel General Poods Corp. General Metals Corp Hollander (A) Sons Homesteag, ¥ 1" (Bal) -+ DIRECTORY COMMODITY e pl__ McGraw ‘Electric Co__5 McNeil Marble C pf_$1 | No Am Oil Cons | Owens-Tlinois_Glass Peninsular Ti 7% pf $1 Penn Traflic o | Broneer Mill Co iy S Rosel Bank of Canld.\ Savanpan Sugar Rf 3 als Customs receipts R« 1934 (comparable oms for Receipts for ihe fical ven 23 uven-: urt\ y receints the month, 130 6203 - including ey~ expenditures; $131.011.691. gross debt Gold assets, ¥7.- S‘, nl 618554 RO 704 FOREIGN EXCHANBES ‘W YORK. July 16 # -—Foreign ex- chanzes irregular; Great Britain in dollars others in cents = Great Britain demand 4.96: cables. 496 6u-day France demand | Ttaly "demand. %247 Demands_—Belgtum lgoa:: Hongkon, #0 Monireal in New York in Montreal. 100,12} ORRYLESS SERVICE" —that's what our Prop- Management Department assures to owners of apartment houses and residential prop- erties placed in our care. Very reasonable fee. B. F. SAUL CO. 925 15th St. Nat'l 2100 Mortgage Loanl “Liquidating —the real estate securities for a na- tional organization, we offer 6% first trust notes on residential property lo- cated within the metropolitan area of Washington, D. C. These loans have been curtailed to approximately 50% of the appraised value. Frederick W. Berens Mortgage Loan Correspondent, 610 McLachlen Bank Building. " Phone: District 30! This Association announces its new and af tractive plan of making first-trust loans on homes in hington. Interest 5% on loans Payments on loans may be graded as follows: $7.50, $8.50 and $10.00 per month for each $1.000.00 loaned, and monthly interest payments will be reduced as shares are paid. Our low rate of interest on homes will bring to us the most desirable class of loans, thereby giving our in- vesting members the benefit of the highest grade security obl-m-ble, and which guarantees the safety of their savings accounts. You are invited to visit our office for further infor- mation regarding our new and improved plan. COLUMBIA BUILDING ASSOCIATION 716 11th St. N.W. Member Federa! Home Loan Bank System District of Columbia Building and Loan League