Evening Star Newspaper, July 16, 1935, Page 18

_A—18 ¥ THE EVENING METALS 60 DOWN ON CURB MARKET Qaatt Ainsworth (al%). f al;lw a(l)v. a(l!y. Air Investors Inc. Other Sections lIrregular. | air 1nv s b aid ot ilidi s 3% Some Utilities Able to | icauliawsic™ 26 18" 1me 1 Rise Moderatel Alum'n Co of Am 600 62 61} 62 I . Am Capital b ¥ prpf (5%) ___. 50s 76 76 176 By the Associated Press. Am Ct ffl.];):xf!‘? . 1001[ 4::: dg% 4;% —Sof in | Am Citles . NEW YORK, July 16—Softneds In| [0 ¢, imi0c)E 8 22 31% 22 mining shares was a feature of an 4 2 2 Amé&For Pwwar. 5 2 otherwise irregular Curb market today. | 7 "o0\ i nders Bunker Hill & Sullivan lost 1% at|* 1 pe (B).____. 25s 26% 26% 26% 13, Lake Shore Mines was off a palnl‘ Am Founders to 50%, while Newmont Mining was| lstpfD ... 100s 26 26 26 ¥, lower at 49%. Am Gas&E (1.40). 12 = ms wsu Liquidation in Distillers Corp. Sea- | A SREpt ;(‘}OG) lgg:ww‘; e gram and Hiram Walker brought net Am Lt&Tr (1.20). 6 11% 11% 11% losses of 1% and 2 points, respectively. ( 4 1t & Tr i Fractional gains were scored by Amer- |~ ne (135) . __ 125 25 25 ican Gas & Electric, Electric Bond & | Am Maracaibo 5 % % % Share and Sherwin Williams. A scat- | Am Potash & Ch-. 508 18% 184 184 tering of other issues were unchanged 2"‘ i‘:}l;i:%“;"« T % 1% 1% cojie e 4% 4% 4% Ark Nat Gas 1 1% 1% 1% ArkNatGasA___. 12 14 1% 1% Ark NatGascupf 6 3% 3% 3% Armstr Cork (50c) 13,256;: 22:.‘ 23::’ Art Met W (40c) . D m’:fi”mu Close. | AssoG&E(A) .. 5 % & & Alabama Pw 4zs 4 87% | Atl Coast Fishe 1 4% 4% 4% = A 1 "" Atlas Corp 17 10% 9% 9% Atlas Corp wa 2 2% 2% 2 luminum €0 38 AtlasCorpfA (3) 1 53% 53% 634 A 0t Auto Vot M (50c). 3 9% 9% 9% m G & Pow Bs Babcock&W (40c) 200s 48% 48 gl Bellanca Afrcraft 15 5% 5 5% Am Rad 425 '4’ Bickfords pf(23z) 1 34 34 34 s s Blue RidgeCorp_. 4 1% 1% 1% e Borne-Scrymser_. 3 6% 6% 6% 5 Bower Roll B (1)_ 8 25% 25 25% Bridgeport Mach_ 1 8% 8% 8 BrillCorpA . 1 1% 1% 1% Brillo Mfg (60c)-. 1 6% 6% 6% Bunker Hill&Sul 2568 43 43 43 Cables&Wire (A). 2 1% 1% 1% Cables&Wire (B). 1 % % % Canlndus AlcoA. 1 3% 9% 9% Can Marconi . 1 1% 1% 1% Carib Syndicate__. 1 2% 2% 2% Carman & Co A 1.8 8 8 Carrier Corp. 4 15% 15% 16% Catalin Corp 4 8 ™% Th Celluloid 1st pf__. 20s 80 80 80 Cent Hudson G & y Ectfs (80c) . 2 13% 13% 18% s 97% CP&L 7% pt $1%_ 25s 36% 36% 36% 0431045 10435 | Cenv StatesBlec. 1 % & & 12 9112 fivs | CentrifugalP(40c) s 1;:. 1& K Chi RIVEM (1%).- % % 55{}["\’,554.";}“ Childs Co pf 3 23 Cent O L&F Cities Service ’ 1% Cent Pw & Lt Cities Servicepf_. 2 16 15% 15% Ccnt Sta Elec bs t El 315 C Cities Service Cities Service Cities Service G 5'as Cities Service G P {is Clies Service P Cities Serv P L 5 Clev El Tllu 55 A Com Ed 41as C Com Edis 4 08 El Paso N G 6435 Emira NL & R bg '56-- 100, i sm. Save 2100% 100% 10072 Bypflnuwlndmhmlln. 'k and l.l Dtv!xta‘:m';-u Add 00. High. Low. Close. Acme Wireal2%s 1 18% 18% 18% Adams Millis 1st pf (7). ----100s110% 110% 110% Aero Supply AM)-. 1 1% Ax-Fisher(3.20)A 10s City Auto St(60c). 1 Clev Elec Illu (2)- 12 Clev Tractor_. - 7 ColonOil _____. 44 | Columbia Gas & Elec cv pt (5) - Columb O&G vte.. Com'wlth Ed (4)_. Como Mines __ Comimunity Wat § Compo Shoe Mach s.t.c.(50¢c) | Consol Aircraft Cons Copper ... Consol Gas of Balto (3.60) _. Cons Retail St____ ContG&E pr pf(7) 100- Cord Corp__ Corroon & Reyn 1 Cosden Oil (Me)__. 1 Courtl'ds(a27%e¢) 1 Crane & Co 400s Creole Petroleum. 17 Crocker Wheeler.. 6 Croft Brewing.__. 15 Crwn Ck In A(11) 10 Cusi-Mexicana M. 16 Detroit Gray ) 4 6 1 1 21 3 2 3 108 aavs 1875 1007100 NEW YORK CURB Stock Dividend l"‘ Md Do.lllh Low. Olou Jonas & Nau . 1% 1% Jones&Laugh stl. 1251 23% 22% 22% Kirby Petr (a10c). 4 2% 2% 2% Kirkland LakeGl. 5 & & _ & Klein (D E)(11)-. 7 20% 20 20% Kleinert Co.. 1 6% 6% 6% Koppers Gas & A Cokepf (6) __.."258 94 94 94 Kreuger(G)Brew. 3 10% 10% 10% Lake Shore M(12) 5 50% 50% 5% Lakey Fy&Mch_. 3 % % % Lehigh C&N(50c). 1 6% 6L 6% Libby McNefll&L. 1 6% 6% 6% LoneStar Gas30c 7 6% 64 64 Long Island Light 8 4 3% 3% Long Island Light prA(T) 208 76% 76% T6% Long Island Light pf B (6) .- B0s 67 66% 67 Louisiana L&Ex . 1 ™% % ™% McWill Dredg (12)550s 37 36 36% MavisBot (A)(d) 1 % % W Mayflower As (2) 200s 50 49% 50 Mercantile St (1). 1 10% 10% 10% MichGas&Oil... 1 2% 2% 2% Middle States PetrolvteB.... 1 & % % Midland StiProd. 5 164 16 16 Midvale Co (b1)__ 26s 361 36l 36% Mock Jud Voe (1). 1 10% 10% 10% Mohawk Hudson I1stpf (4) . .100s 68 68 68 Mohawk H 2d pf_ 350! 3015 29% 30% Molybdenum__ 12% 12% 12% Mont Ward (7) 100l 137 137 137 Mount Prod (60c) 1 4% 4% 4% Mount State Tel & Tel (8) = Murphy Co (1.60). 2 96 NatBellaHess__. 2 1% 1% Nat Bd&Sh (11)_. 1 36 36 Nat Fuel Gas (1). 2 17% 17% Nat Leather _ 2 % P&L pf (6) 68% Nat Service & N Y Steam 13 NatSugar NJ(2). 1 30 30 Nat Transit (80¢) 1 9 9 N J Zine (2) 2008 61% 61% NewMex&ArizLd. 3 1% 1% Newm Min (al) . 4 49% 49% N Y & Hond (11). 250s 50% 50 N Y Tel pf (6%) .. 258117% 117T% N Y Transit (30¢) 1 3% 3% Niag Hud Pw 6% Niag Sh Md B 5 Nor Am L&P pf. 15 Nor Am Util Sec.. 3% Northn Cent Tex. 13 3 Northn Ind Pub Sve 6% pf (3).. 25s 60% 60% Northn N Y Util 9215 §92% 6 13% 13 Novadel Ag (2).-. 1 21 21 Ohilo Brass B (al) 26s 25 25 Ohio Ofl cupf (6). 1105 105 Oil Stocks Ltd (t40¢) s=et @A) A0S Outboard Mot A 2 6% 6% PacificG& B 1stpf (1%) 3 27% 27% 10s119% 119% 119% 9 96 96 106 10% 6% 2% STAR, WASHINGTON, D. C. TUESDAY, MARKET Stock and Sales— Dividend Rate, Add 00, High. Low. Close. Pacific Public Svept (320c). 9 15% 15% 15% Pac Tin spec m.,zoo- 34% 33% 34 Pantapec Of 1% 1% 1% Parke Davis (11) 46 45% 46 Parker Rust P(I) 50. 63 63 63 Pennroad Corp... 22 24§ 2 2 Penn W&P (3)... 17 7 Pines Winterfront 1 2% 24 2% Pioneer Gold Mines Ltd (80¢) . __ 9% 9% 9% Pitney BoP (20c). 4 6% 6% 6% PittsForge..._.. 1 3% 3% 3% PittsPlate G(12). 4 71% 71 71 Potrero Sugar. 3 2% 2% 2% Premier Gold (1 1 1% 1% 1% Prod Royal(23e). [2 L » % Puget Sound Pw & Lt $5 pf 100s 31% 31 31 Puget Sound Pw & Lt$6pf 2568 13% 13% 13% Pyrene Mfg(a20c) 4 5% 5 & Rwy&Lt Secur___125s 15 14% 15 ReynoldsInvest . 1 % % % Royal Typewriter 4 23 22% 23 Russeks FifthAv. 1 3% 3% 3% St Regis Paper pf. 20s 26% 26% 26% Salt Creek P(80c) 6 6% 6% Seiberling Rubber 1 1% 14 1% Selec Industries allot ctfs (3%) . 508 661 664 85" Shattuck Den Min 1 2% 2% Sherwin-Wil (3)._ 2102 102 102 Singer Mfg (16)-.100s 2:3 285 285 Smith (A O). 1 60 60 Sonotone Corp... 2 1% M 1% South Am Gold &Plat (40¢) .. 2 4 3% 4 SouPenn O (1.20) 3 25% 25 25 Southn C: nll! Edis pr (1% -200s 38% 37 38% Southn Calll’ Ed »f B (1%) 32 25 25 Southn Calif Edis prC (1%) 7 23% 23 284 Square DA (2.20) 100s 34 34 34 Stand Oil Ky (11) 3 21% 21% 21% Stand Oil Nebr__. 2 10 9% 10 Stand Pw&Lt . __ 1 1% 1% . 1% Stand Silver & L. 6 % # # StatsMotori"- =" €17 47 1 Sullivan Machine. 50s 10% 10% 10% SunlInvesting _. 1 4% 4% 4% Sun Investing pf.. 2 44% 44l 44% Sunray Oll 1.5 1% % Sunshine M(1.20). 20 22 21% 22 Swan Finch 1 2% 2% 2y Swift Intl (2) 16 32 32 32 Swiss-AmElpf__. 50s 51 51 51 Swigs Oil (40c) 6 2% 2% 2% Technicolor Inc... 25 20% 20% 20% Tenn Elec Pwr istpf (7) ____ 258 78 73 73 TennProducts__ 3 & & & Texas Gulf Prod 5 2% 2% 2% Trans-Lux Daylite Pic Sn (20c) 1 24 2% 2% Tubize Chatillion. 2 3% 3% 3% TubizeChatilA__. 2 11 11 11 Tung-SolLamp... 2 § 5 13 Union Gas (Can) (allc) .- 1 4% 4% 4% Unit Chemical 1 7% T ™ Production Drops At Lumber Mills In Holiday Week Due largely to the holiday and the usual midyear shutdowns, lumber production during the week ended July 6, 1935, was the lowest reported since the week ended January 5, also a holiday week; shipments and new business booked were the lowest of the year to date. During the week shipments were 5 per cent above output; new business was 1 per cent in excess. But total production gained 41 per cent over that of the corresponding week of 1934; shipments were 51 per cent heavier and new business was 63 per cent heavier than during the 1934 week. These comparisons are based upon 1eports to the National Lumber Man- ufacturers’ Association from regional associations covering the operations of 614 leading hardwood and softwood mills. During the week ended July 6, these produced 130,000,000 feet; shipped 136,630,000 feet; booked or- ders of 131,384,000 feet. Revised fig- ures for the preceding week were mills, 633; production, 170,120,000 feet; shipments, 177,284,000 feet; or- aers recelved, 168,638,000 feet. UnitCorpwar.__. 2 % % Y UnitGasCorp _. 10 2% 2% 2% UnitGasCorwar. 10 % & % UnitGasCorppf. 5 74 734 74 Unit Lt&Pw (A).. 2 1% 1% 1% UnitLt&Pwpf .. 8 9 8% 9 Unit Shoe Mach (123%) . 258 83% B3% 83% USElecPwww . 2 % % % U S & Intl Secur Istpfww . 1 61% 6% 611 U S Radiator pf__ 25s 10 10 10 UnitStoresvie - 1 % % Unit Verde E40c_ 3 2% 2% Unit Wall Paper_. 1 1% 1% Univ Insurance . 508 15% 15% Utilities P&L - 2 ' kY Venezuela Petrol. T 1% 1% Waco Aircraft ... 4 6 5% Walker (Hiram).. 28 31% 29% Wenden Copper . 10 % 14 W Va Coal&Coke. 2 3% 3u% Western Auto Supply (3) A_ 50s 50 50 50 ‘Williams(R C) (1) 2 % 9 : ‘WilsonJones(13%) 1 25 25 25 Wright Harg f40c 3 8 T 8 Yukon Gold 1% 1% 1% Dividend rates in dollars based on the last quarterly or semi-annual payments ccumulated bPaid Jast tAnnual rate—plus e: 2 divh‘]endl aPaid this year year. mpanie: reporter Tols or Seine reopeanined O " | past. JULY 16, 1935. CLIMB CONTINUES INMACHINE TRADE Reports From Nearly All|g Areas Indicate Sales Above Expectations. Special Dispatch to The Star. NEW YORK, July 16.—Statements from almost every section of the coun- try indicate that machine tool and machinery sales are continuing at a level much above what had been ex- pected for this Summer, says the American Machinist. “Several machine tool builders are booked solidly well into the Autumn and a few are quoting 1936 deliveries. Part of this situation is due, of course, to the shortage of certain types of skilled men, and manufacturers are being hard put to satisfy customers and maintain code hours, while at the same time they are under pressure from their men to lengthen the work week. The placing of nearly $5,000,- 000 worth of Russian business recently has helped the machine tool picture somewhat. “Boston reports a fading off of in- +|quiry but a fairly well sustained flow of orders. New York has suffered a sharp drop in activity during the cur- rent month. In Philadelphia the tone |is better, but buying has not been quite up to expectations. Pittsburgh distributors, on the other hand, are finding July an active month. Orders are well up to the average for the last three months, and that average was pretty good. “Labor troubles in Cleveland are | less numerous than for some weeks Business is at a higher level than it was in January, but is not quite up to the May peak. Detroit reports some dropping off in orders, but expects a sharp recovery not later than August 20. Orders for replace- | INSURANCE STOCKS (P).—New York Bid. o NEW YORK. July 16 Sqcurity Dealers' Association: Aetna Cas (2%a) _ Asked. | Aetna Fire (1.60) - Am Ins Newa! Am Reinesur Am Surety (1) _ Automobile (1) - Balt Amer (208) N” (16) Clrollnn 1082 { N Y omn’Gen Lute (i Pid & Dep | '.'“' Piremen’s l Pran| Glen' Pllh a6ty Globe & Rut Great Amer ¢ Hailfax (.90 Sbringeid 4 prinefle s juo Life .. ____ velers (16 U 8 Fire (150a) Westchester (1.20a a—Including ‘e &—Declared or s d so far this year. FREIGHT LOADINGS. NEW YORK. July 16 (P —Reve: frelght, carloadings on railroads revorting Ay for week euded July 13 included Previous Last JU[Y 13 | week Ches. & Ohio___"24.4%4 1 Bl Nickel Plate 10.605 )( Pere Marquette_ K. lIIX ) -w | Mo.-Rans.-Tex, _ 82 | Tlinois Central_ | *Squthern Pacific *Own lines only. 20475 19,044 8 ; PHILADELPHIA PRODUCE. PHILADELPHIA, July 16 poultry=—Oid, roosiers. »l ern, 14%;a16 Tive' boultrs unchanged, period. A few of the local machine | tool plants are operating at capacity and deliveries are being quoted sev- eral months ahead. Several manu- | facturers report June sales as the best in six years, with July prospects equal ly good. Inquiry in St. Louis is light, but a very fair volume of orders is being placed. Small tools are more | active. Distributors have high hopes WHOLESALE INDEX ,[lEl}UN[S SLIBHTLY Average at 77.4 Per Cent Level in Week. The wholesale commodity price level, | according to the index of the National Fertilizer Association, was slightly |lower in the week ended July 13. 3 | This index declined to 77.4 per cent of | the 1926-1928 average, from 775 in i3 \ the preceding week. A month ago the | index was 77.8 and a year ago 72.0. Three of the 14 component groups included in the index declined during *zhe week and three advanced. The | principal decline, and the one which was largely responsible for the drop |in the composite index, was in the grains, feeds and live stock group. Thé decline in this group occurred in spite of the fact that corn prices ue | moved upward and hog prices during |the week reached the highest mark | since October, 1930. | Grains, other than corn, as well as hay, feedstuffs, cattle and lambs, moved downward. Thirteen items in- cluded in this group declined last week, while advances were registered | by five. A slight drop took place in the foods group, although five items | in this group advanced and only three declined. The decline in the fertilizer mate- rials index was caused primarily by a | drop in net prices of potash salts. The |largest advance in group indexes oc- curred in the fats and oils group; ad- vances and declines of individual quo- tations were equal in number, but the more heavily weighted items, lard, butter and cottonseed oil, moved up- ward. Increased prices for lead and | tin resulted in a slight rise in the inetals group index. Prices of 34 commodities included in the composite index declined in ments are being placed now and some | that 1o real Summer slump will de- price last week, while 26 advanced: in important ‘programs’ for the Fall a being discussed. In Indianapolis busi- ness is continuing. at a very good level | for this time of year, and prospects for the rest of the year are decidedly | favorable. “Cincinnati also reports a reml:k-, ably high level of orders for this | velop. ' Business continues to be un- usually good in the district around Chicago. Plenty of good prospects are Hn view and the trade is optimistic. |On the West Coast this Summer is | the best in & number of years. Even | one of the railroads has placed a small orde! the preceding week there were 20 de- clines and 20 advances; in the second preceding week there were 27 declines and 18 advances. Railway construction pushed in South Africa. is being Iron Fdy(bl0c). 1 Distillers C-Seagr 173 Distilled Liquors_ 2 Doehler Die Cast_ 23 2 * Dow Chemical (2) 5 | Driver Harris (1) 2 | Dubelier Condens 1 Duke Power (3) - 100s | Duval Tex Sulph 5 % | Kagle Pitcher Ltd 1 Eastn G&FDfA(6) 100s Eastn G&F br pf (4%) 25s Elec Bond&Share 41 Elec Bd&Sh pf (5) 2 Elec BA&Sh pt (6) 4 El Pwr Associates 2 El Pwr Assoc (A). 1 Elec Pw&Lt 2d pfA N Elec Share pf ww. 1258 78 Emp G&F 7% pf-. 50s Emp G&F 8% pf_. 508 Emp P part(350c) 1 Equity Corp_____. 38 B European Elec Ltdbdrts __ Ex-Cell-0 A&Tool 19 Fairchild Aviatn. 3 Fajardo S (a1%)_125s Falstaft Brewery_ 5 Fanny F C (50c).. 8 b Ferro Enam (60c) 8 Fiatrets (a81%c) 1 25 Fisk Rubber_____. 9 Flintkote (1) A. 1 Fla PEL DL ____ 300s 31% 32 Ford Mot (Can) by 1 (1%) A Bl 27 ‘,‘{31: ‘1,’;;2‘ ‘;{fi., Ford Mot Ltd 80% 0% 90% | (all.Te) SR 1 95" 95| Froedtert Gr & M },"”,21}. o aots | convpf (1.20) 100s 15% 15% 15% " 07 107 Gen Elec Ltd reg I'W 100% 100% | (M30%e). . 4 14 14 14 10430104 1047 | Gen Tire &Rub_ 100 41 41 41 21, i GlenAldenC (11) & 18 174 18 % Grand Rapid: 100% ‘"2"““;‘ *|"Varnish G0).- 1 7 7 7 wos. 50% | Great Atl & Pac a1 91 Tean-v (16) .. 80s134% 134 134% Great Atl & Pac Tea 1stpf (7). 108128 128 128 GulfOllof Pa____ 7 64% 64 64 Hazeltine Corp(1) 2 % 8% 8% Hecia Min (a10c). 11 11 10% 11 Hollinger G(165¢) 10 13% 13 13% Holly Sugar. - 50s 61 61 61 . Horn&Hard (1. 124 24 44 Horn&Hard pf(71). 308 106% 106 106 Hudson Bay M&S 23 14% fiumbl;%{m). - 25 5?% 58% 559'- : 70 A5t sooi2 105% | Hysrade T2 1% 1, 1% x‘e’."r"r'..fns‘ezé’ r.'; AB 57 108 1 6/'10.1‘“ Il Pw&Lt 36 pf__ 1008 28 28 28 L s f2v, 182y, 18y, | Imp Ch T (a20%c) 1 8% 8% 8% 3 1091219932 | Imp Oil Ltd coupon (150¢).. 4 19% 19% 19% g 0% Imp Tob Can .‘ (185c) 13 lm&p;l‘ob Grt Brlt I e 3 re (a7l%c) . 2 34% 34! < Indus Fin 1% pro. 256 4° 4 4% Intl Hydro Elec Yy Systemcvpt___ 258 6 6 m z g8 IntlPetr (113%) " 31 34% 33% 34 Nor Ind PS b5 222 9% 90% 993 | Intl Products 4 3% 3% 3 Bt 0 B i AirO 09 1 190 15 150 94l 2% 1 w%mwmmm b ey 2 103% 10315 L (1) 096 95% 95% = 5 llfl’/A llfll 118% 2! 106% 106% lflfil/. 8 06% 106% 1068% 03 063, 106%2 1063 96% 96% 96Y. 831 88y 8BYG o — o 1 H H 1 i 50,00 5 She thinks he’s just about right, and he is, too. This wise young hus- 97Y O7H 9% 20% 08% 98% 54 ) - . . ’ - 94 e out j band doesn’t take any chances on A#s vacation. He’s a safe driverand ~ THE SIGN OF 111% 111% 111% 1063 1063 1063 % g 101% 101% 101% ite an ’, 182 don dakst a smart one. Watch the way he always stops at those red, white and #fifipl/ ”%W [4 R2Y; B2 A2l - 577 10804 107 = p : X . 0 £ itk 25 i blue oval Esso signs that dot the long trail south all the way from PS s a 101% i i is summ PS 106% 108% 106 & Are you planning any motor trips this s er? If so, any 104% 1043 104% | ti i i . ;.r:oss o S i T ane to the Gulf. cher any dOubt about ESSO Ma.tketers fucl and ESSO dealer or station will supply you, free, with maps and Fies Bt 13239 "fl'g% & " 2 h S = y: f current issues of “Esso Tours and Detours,” containing the Saks £, 3t e e oil, never any grumps in their manners. That’s Happy Motoring! very latest road construction information, etc. If you have a E‘.:"A S 188 iggi 1083 long trip in prospect, write or call Esso Touring Service . 3 gcm_r.m 88 85 103 1 owpe 4 at Rockefeller Center, N. Y. C.; 261 Constitution Avenue, B ESSO MARKETERS Bl L A R £y 8 5? 251: ;.'3 - e, ..for best r?uze .n_:d od‘:er helpful travel data. Indiyidual 8 %‘: M a RADIO! Listen to Guy Lombardo and his Royal Canadians every Monday night—7 to 7:30 E. 5. T. attention to all inquiries without cost. 8o Ca E 5 Soutn Tis %‘{? it = g &2 ::g : i ommmimi ® Bou_ L& - é 1% 1 BE uthw 35% 3 % Ll STANDARD 0IL ,COMRANZX OF NEVW JERFEY,