Evening Star Newspaper, July 17, 1935, Page 17

FINANCIAL, CORPORATE BONES JOININ UPTURN Junior Rails, Utilities and Industrials Take Part. U. S. Issues Firm. By the Assoclated Press. ‘NEW YORK, July 17.—Bonds regis- tered some progress today, although the final levels in the speculative cate- gories were generally a bit under the highs. Second-grade rails contributed a gizable number of fractional gains, as did the utility and industrial divisions. United States Governments firmed after early hesitancy, changed to three-thirty-seconds of a point higher. tIalian loans met sup- port after early declines. Wasfiifigto;l Excilange » SALES. Capital Traction 5s—$500 at 98. Norfolk & Washington Steamboat— 6 at 88. Potomac 1143g. Firemen's Insurance Co.—10 at 35. AFTER CALL. Capital Traction 55—$1,000 at 983, $1.000 at 9875. Anacostia & Potomac R. R. 55—$1,000 at 93. Notice—Sales as of yesterday of Washington Gas 5s, 1958, $1.000 at 106, $1,000 at 106, were canceled. Bid and Asked Prices. BONDS. LIC UTILITY. PUBI e % pfd—5 at Electric 5'2 Asked Amer. Tel. & Tel 415 - L Col. Tr C. & P. Tel of Va (thll “Traction R. R. City &. Suburban 5s. Wash. Gas 5s 19 Wash. Gas 55 1960 Wash. Gas 68 series B- Country Ciub 5! M. Cold Storage 55- STOCKS. PUBLIC UTILITY Amer. Tel. & Tel. (9) Cupit, Transit Co. (1)_= & oat (6) Capital (4) 3 | Washington ( S TRUST COMPANY Amer. Sec & Tr. Co o7 Natl. Sav. & Tr Wash. Loan & Tr (8) SAVINGS BANK Com. & Savings (6)_ 176 FIRE INSURANCE. | a2 200 15 205 American | | Denmark 4125 '62_ Columbia (.30)_ = Real Estate (6) | Mlsch.ANEOUB Carpel Corp. (1.60) 23 | Lanstor. Monotype (4} b 40 Loth. ptd. (7) —] *Ex dividend. 425 cents extra. 2Flat. { DIVIDENDS ANNUUNCED NEW YORK. July 17 —Diviaends elateq (preparcd BY the Standard Statis- | tics Corp.): Ge- | Accumulated. Pe Pay- 2b) 8-1 X of record 715 Rate riod Riverside Cm part A_20c - Liquidating. 18 ida| ABC Tr Sh Gontainer Do nea Bhre b v 65 - Regular. Alliea K $6.50 pf_$1.6 81 | k. '150 | TT T P 3 | W0ODOOOOOLOLO! D SrrmemaomR '-?.“ e a B bt 81 20 ba ot Rar'A 13 4 3 anponllunozz:oozll CHICAGO LIVE STOCK. | CHICAGO. July 17 ® (United States | rtment of Agriculture) —Hogs, oo | luding_3.000_direct: active. 10815 v:em-l ter | Rio Gr do Sul 7s '66 sows. 75; smooth :piEs snrce bemr kinds. common _light. down. e S B00, mme mp light heifer and mixed yearlings. grad- 800d_to chnlu 10al5 cents higher. 1y active very cnl excapting bulls, which sold strong. (o 30 higher: steers and long yearlings ex- tremely slow. but about steady on grades. with lower g d end_feeders unevenly s kinds selling at 0 bl.l down lho'tll :, Jew above 1L i e t lambs slow about e light supply; good Lo chotee Drefominaciur. B ids and sales o8 on ettt Deber brane o a5 despit y despi \ve Tamb, ve: not e 0 test, vfl\lel. FOREIGN MARKETS. By the Associated Press. LONDON.—Trading was moderal - tely sc- tive on the Stock Exchange today. ties bire ned on Gitt- ‘ nl- o =l::¢ about 1% wlnu lnfluslm.l” — lined -flu acse nal_shares r!mllmd te= mfi.fip %‘w&lflm — a3 bus ines the banks. lrel and closed st about. Teiesders NEW YORK SEIJI iSUE. NEW YORK, July 17 UP).—The City. Yfll...b"m——lv— b ucts Co. (Midwest) has received % ‘“.nrummmmmm [} )luding Railroad. The dollar ‘ammum [ closing un- | | Chile 6s 61 Febr_ | Chile 6s '61 Sept | GerC Bk A 6338 | Grt C El Jap 6%s ‘50 89 g | | Haiti 6s " | Japan 6% uixr | Saxon Pb W 6143 '51 | By private wire direct to The Star. lnEEig Approximate Transactions Today. 17. 8. Gov't Bonds Foreign Bonds _ Domestic Bonds L1 n_s RTY. Low. Close. | 4th 4745 1933-38 l’l ]9 10119 10119 TREASURY. 27%51955-60_ 10123 10120 10128 35 1946-48 10328 10327 10328 3s 1951-55 1044 1041 1044 3345 1946-49 1068 1054 1058 | 3%51949-52 1054 1051 10654 3%s 1941 - 10824 10824 10824 31(s 1944-46 10615 106 14 106 15 33 s 1940-43 June 108 22 108 22 10822 335 1941-43 Mar 10825 10825 10825 | 3%s1946-56 11018 11014 11018 45 1944-5 1125 1121 1124 4148-3148 1943-45 10623 10620 10623 4% 1947-52 1178 1172 1173 FEDERAL FARM MORTGAGE. 238 1942-47_____ 10120 10120 10120 381947 102 23 10228 10223 351949 ~.10212 10218 10218 HOME OWNERS’ LOAN. 235193949 ____1014 1012 1014 351952 10215 10213 10215 FOREIGN BONDS. High. | 28% 28% 94% | 9a 9% 9 | | Abitibl Pa&Pw Akershus 5s '63 Antioquia 7 Antioquia 1st 7s’ Antioguia 3d 7s Argentine 5%s'62_ Argentine 63757 A Argentine Argentine Argentin Argentine §s | Argentine 6s " 1025 | IOTm | Xl Australia 58 Australia s Bavaria § 6% Belgium 6" | Belgium 613549 Belgium 78 '35 Belgium 78 '56 Bergen City 5s '60. Berlin 6s 58 Berlin Elec 698 51 __ Berlin Elec 6% s '69 2814 | Bogota 8345 _ L 3 Bolhivia 7s 58 | Brazil 61 '26. zu‘ | Brazil 648 '27-'57 Brazil s 52 Brazil 8541 Brisbane 5858 Buenos A 6s ‘61 st Pv Buenos A 6145 '61 Pv BuenosA§% s'81stPv. Buenos A C 6138’55 Canada 4s '60 Canada 4 2 | Canada 5s 113% | Chile 6560 14 | Chile 65 '61 Jan __ 144 140 13% 14% 145 141 | 13% | 11 26% 108 | 113% | msf‘. 2 XIM 95 Chile 6s 62 Chile 6s Chile 7s Colombia 6s 61 Jan Colombia 6s 61 Oct Col Mtg Bk 6zs" Col Mtg Bk 7 Copenhagen 58’52 __ | Cordoba 7s "37 City 6 Cordoba 7s ‘42 Prv _ May coupon on Costa Rica 7s '51 Nov Cuba 5138 "¢5 Crzechoslovakia 8s 52 Denmark 53%s "85 _ Denmark s '42 Dominic 1st 5135 40 Dominic 1st 5842 Dominic 2d 5%s 40 _ %] | Elec Pw Ger 6335°50_ Finland 6s 45 | French Gov 738 '41_ Gelsenkirchen 65 '34_ Ger C Bk A6s'60 July Ger Prov & City Bk con Ag 618’58 Ger Rep 7s 49 _ ___ Grt Br & Ir 45’90 GrtCElJap 7844 __ Greek Gov 6s 68 - Hamburg St 6s '¢6___ Italy 7875 Ital P U Crd 7s '52_. Japan 5% Karstadt 6s '43_ Kreu&Toll 55'59A cfs Lombard El 78 52 __ Milan 618752 Minas Gers 6325 '58 Sept coupon off __ | Nord Ry 612850 hcrny 58763 Norway 6s'43 Norway 5%s ‘65 Norway 6s 44 Norway 6s 52 Norw Hy El 5%s Oriental Dev 5% Oriental Dev §5'53 Oslo 6s '55 Oslo G & E 5563 Paris Orl Ry 5128 '68 Pernam 7s '47 14% 140 101 106% 102 106 102% 97% 83 87 87% 1013 101% 100% 100% 133% 133% 14 14 15% 15% Poland 78 '47 Poland 8s ‘50 Prussia 6s '52_ Queensland 7s "41.. Rhein-Rhur 6s ‘51 Rhinelbe Un 7s '46 Rhine W El P 62 Riode Jan 615553 Aug coupon off __ Rio Gr do Sul 6s '68 June coupon off __ May coupon off .. Rome 6%s 52 Sao Paulo St 7s '40__. Sao Paulo St 8s '36 July off__. Sao Paulo St 8s 50 July coupon off_ __ Serbs 83 '82 unm con Shin'su B1 P 6%s '52. Silusia Prov 7858 _ Styria 7846 Taiwan Elec 5% Tokio 5%s 61 # “Tokio El Lt 6853 . DOMESTIC BONDS. Abr & Straus b ‘/.l ‘43 ]m 103% Alleg Corp 5s°49 Allied Stores 4% Alis Chalm 5837 Am & For Pw bs 2080 Am Icecv 58’53 Am I G Ch 5%s 49 Am Intl 5%s 49 Am Reoll Mill 4% Am Smelt & R bs AmT&T 4%s8°39 AmT&TcltrEs’4s 45 7 L L HHETEHI 5‘*; g3 §Eds Am T & T deb 53 J.TLTEMS 3 .. FH i %35 Am Writ Pap s 24% ‘Low. Close. | \THE | Atlantic&D 2d 45’48 |AUG& W 15858 | Atl Refin debd Aust & Nor B&O 1st 4s'48 B&O4%s'60 B& O 1st65 48 B&Oref 55'95 A B&O55 96 F | B & O ref 532000 D B & O ref 6595 C B&O PLE&W V 45’41 B & O Swn 5350 B & O Toledo 43’59 _ Eell T of Pa 68 60 C_ Beth Stl p m 5836 Bos & Me 58 Bos & Me 5 Bot Con M 6% Bklyn Edis5s 45 A __ Bklyn Edis5s 52 E BKlyn MT6s'49 A__. Bklvn MTEs'es A % Bufl G K 4455 81 B Buff R&P con 4%s '57 Bush Term 1st 4s°52 Bush Term cn bs '55 . | Bush T Bldg 68 '60 _. Can'dian Nt R4%#8'51 Can'dian Nt R4%:8'54 | Can’'dian Nt Ri1,8'66 a'dian Nt 58'69 Oct Can’'dian N db6:8'46 Can'dian Nr db 7= 40 Can'dian Pc db4sperp Can'dian Pc 4% 35 ‘60 Can'dian Pc 55’44 efs Can'dian Pc Carth & Ad 4s Cent of Ga 58 '59 C Cent Hud G&E 7 Cent Il E& G bs 51 Cent N Eng 45’61 Cent of N J gen 5s '87 Cent Pac 1strf 4549 Cent Pac 58 '60 Cert'd deb 538 '48 Chesap C v cl 5344 | Chesap Corp 58 '47_ & O gen w.s 92 C&0D R&A 15t 45 89__ Chi & Altref 3s'¢9 *hi B&Q 1 dv 3% 49 Chi B&Q ref 59'11 *hi & E 11158 '51_ Chi Grt W 4s 's9 Chil & L. gen 58°66__ Chil & I gen 68 '66 __ CM&StP ds 89 CM&StP gn ¢ CM&StP 587 CMStP&P adj s 2000 Chi & NW gn 3is ‘87 Chi & NW gn 45 ‘87 Chi & NW 4%s 2037 _ Chi & NW 43282037C Chi & NW 4%s'49 __ Chi & NW gn 58 87 _ Chi & NW rf 58 203 89 C |CRI&P 4% - | Chi Rys 1st 58 °27 Chi T H&S 15t 5 '60. Chi T H&S ine 5 60 Chi Un Sta 58’44 Chi Un Sta 53’63 B _ Chi & W 1 con 4s°52_ Chi& W 15%s 62 Childs & Co 58 '43 Chile Cop deb s '¢7 Cin Gas El 45°68 A _ Cin Un Ter 58 2020 B COC&StL gen 4893 | cocastLrf 4% COC&StL rf 58 COC&StLCW&M4 Clev Un Ter 434877 Clev Un Ter 55 '73 B Clev Un Ter 538724 Coton Oil 65’38 Colo Fuel & Ir 55’43 Colo Ind cl tr 55 ‘3¢ Col RP L 1st 415 '57 Columbia G & E deb $s'52 April ColumbiaG & E 55’52 May Columbia G&E 5561 Com Inv T 5%s'49 Con Coal Md rf 5a 50 Com Coal Md 55'50 efs Com Gas N Y 433 51 Com Gas N Y 6857 Con G N Y dbsjiees Comsumers Pw 5s '52 Container deb 5543 _ Cuba R R 1st 55 '52 Cuba Nor KR 3 Del & Hud ref &s '43_ Del & Hud 5% "37 Den & RGcn 4s’36__ Den & RG W 68 55 Den&RGW 55’55 akst Den & R G rf 68 Det Edison 5s°52 Dul SS& At 658”37 Dugu Lt 4%8’57B _ Duqu Lt 1st 4 %= 67 East Cuba 8 7%s"37_ Ed E1 n Bklym ¢s 39 Erie gen 4596 e Erde ref 53 '87_. Erte ref 5875 Erie Gen Riv 63757 Fed L& Tr int 5- .2 Fla E CRy §s 1 of Fran Sug 7%s"42 _ Gea Cable 53847 .. Gen Pub Sve %= 39 Gen Steel C 5%5 49 Gen Thea Eq 63 '40_ Gen Th Eq 65’40 ¢ Goodrich 6s 45 Goedrich 6% 4T Goody'r T&R 68 57 Gotham Stk H 68°36. GrTr'k of Can 65 ‘36 GrTr'k of Can 7s *40 GtN R gen 4%35'76 D GtNRgen4%s'17TB GtNRgen5s'73C__ GtNR5%s'52 B GtN R gen 7s'36 Green Bay 5562 B Gulf M & N 55 '50 Guif M & N5% Gulf Sta Stl 5%s 42, Har Ry-P C 1st 4875¢ Hoe Val 43599 Houston Oil 5140 Hudson Coal 68 '52 Hud & Man ine 58757 Hud & Man ref 5s '§7 111 Bell Tel 55 ° I Cent eoll tr Il Cent col tr 4s Il Cent ¢%s '66 Il1Cent Lou 3%! 53 . ICC&StL IIIC St L& NO §s 51 111 Steel deb 4%s '40 Ind’polis U R$8'65 A. Inland St1 4%s7I8 & _ Intand Stl 4%s 31 B. Int R T st rf 5n 96 1R T 1st rf5s ‘66 ctfs 12z 12 Angle Ch Nitr 7s ‘46 $1% S1% 61% 104 103% 103% Amn A 1s2 ex In ¢8°95 Atl Coast L 1st 48 ‘52 Atl Coast Lcit 48 ° Atl Coast L elt 5545 AtlantickD 1st ¢5°48. 95% 95% 2% T T1% 93% 93% 93% 30 290 30 MarSs 3l . Int Pap lst 58’47 A__ Int Pap ref bs 'l ema&a'imsgs!?i;‘i EVENING STAR, WASHINGTON b BOND AVERAGES 10 Rails. +.3 81.7 814 827 1982 low ...... 1928 high .. Compiled by the 107% 107% 98% 98% 103% 103% 58 8T 874 2 2 67 67 W 111% 111% 10314 ‘ 112% 116% 123% 104%% 8% 102% 1124 107 4% 10% 105% 6l 54 101% 1013, - 9% M 92U 111% 111% 38 384 374 38% 107% 107% 106% 106% 105% 185% 105% 105% 1 N 40% 41 42 42 8% Del & Hudev 5s"35__ 1 6% 55% 5 110% 110% 110% 104% 104% 104% 12% 12% 12% 108% 198 108% l:;% l'l%- 101% 116% 116% 95% 95% 9 99 44y 4% 8% 5% 1% 1% 100 100 82% 821 12% 13 125 12% 97% 9T% 107% 107% 2 § Ly - *®. ) B EE I U = * Previous day.. 1105 Year ago .. 1935 low . 1934 low 1932 low Associated Press High. Low. Close. 37 36% 36% 61. 1134 118% 113% 50 73% T8% T73% 50 62% 61% 62 107% 107 107 81 81 T8N TBN 102% 102% 102% Kan C Sou 1st 3 Kan C Sou rf in 6 L4880 Kelly Spr T 6842 stp. Kendall 5%5 '48 ww_ Kings County Elev 48749 - .- 102 102 102 Laclede Gas 58'39___ 101 100% 101 Laclede G 5%8°'63C. 7% T Laclede G §%s 60 D Lautaro Nitr LVNY ist 4 Leh Val Coal 8874 - Leh Val Har 5854 Leh V Pa con 4s 2003 11 65 52% 9% 34% 41 Ligg & Myr 55 Ligg & Myr 78 ¢4 TLoew's §s "¢1 La & Ark 6s 69 LouG&Ebs'S2A__. L & N unif 4» 40 107% 107% 105% 105% 83% 834 100% 101 98% 98% L&NS5s2003B.____ 1 L & N So Monjt 48 52 MCro'yS6%s'41 McKess & R 5%8 '50. Manhat R 48’90 __ Manhat R 45 '90 ctfs_ Manhat R 2d 45 2013 _ Marion St Sh 6s 47 Market St Ry Tw40 A Mead Co 65’45 Met Ed 1st rf 4353 68 Mich Cent 414879 __ Midvale S&0 58 ‘36 _ MIIER&SLbs Mil E R&S L rf 68771 Mil Nor con 4 %s 34 MStP&SSM cn 45 '38 MS{P&SSM cn 5s '38_ MStP&SSM 58 MStP&SSM 5 Mo K & T 1st 4 | MoK & T 4%= | MOK & T 5562 A Mo Pacbs'18 G Mo Pac 5s ‘80 H_. Mo Pac6s'811 Mob&Oh M div bs " Mohawk & M 48’91 Mont Pwr ref 5s '43_ Mont Pwr 5s 37 | Ment Cent 6 Morris & Co 433839 _ Mor & Esx 3% Mor & Esx 4 | Mor & Esx 5856 urray Body ‘l,a 12 t Acme 6542 t Dairy 5% tDisP C4ks (S at R M 1st4s’51 asst Nat R M 4155 '26 asst Nat Steel 45 ‘85 at Steel 53 '56 Newark C Gas 58 New E T&T 1st 5552 New J P&L 4%3 60 New Or GNR 55'83 A New Or PS 5852 A.. New Or PS 53’55 B _ N ¥ Cent 4s u N Y Cent con ¢s'98 N Y Cent rf 4%s 2013 NYCrfe%s2013n N Y Cent ref 58 2013 INYCentecvés NYCAStL 1at 42 '37_ NYC&StL 4%8°7 NYCASL 5%s 74 A_ NYCA&StL 1st 68 '35_ & Green L 5s '46. L&W 1st 48 '73 C Mich 318’98 rg tHl‘&n 56 A 15 - 114% 114% 1143% Bdss’69C 99% 9 99 NornOT& L 6=°47 108 108% 108 Ner'n Pac gen 33 2047 75 Pac 06 Nor'n Pac ¢ %48 2047 Nor'a Pac s 2047C__ Nor'n Pac5s 3047 D_. 1 Onwnntuuu 105 104% 105 Otis Steel 6841 96% 954 967 PacG& Ebs’42___ _ 106% 106% 106% Pac KR Mo 1st 42°33 101% 101% 101% Pac Tel 1st 55°37___. 106% 106% 106% Pac TETref§s'52__. 110 110 110 Pan-Am PC8s’'40___ 40 Pur-F-La 6s 47 ofs. Par-F-La 6547 filed. Par-Pub 5%s '50 cfs Par-Pub 5%s '50 filed Park-Lx 6%s '53 cfs Parmelee €544 ___. Penn Dixie C 63 '41 Penn RR cods’s8 stp_ Penn O & D 4%8"77.. 106 Penn RR 4%s°81 D_. 108% 108% 1064 Penn RR 4%s8'8¢ _. Penn RRgn 4% Penn RR db 43487 Penn R R 4%="83 Penn R R 5864 Penn R R gen b: Penn R R $%s°38 __ 168 Penn P & L ¢%s 81 . 105% 105!6 105% Peoria & E 18t 4s°40_ Pere Margq 1st 4s € Pere Marq 1st 55 ‘56 Phila Co 6867 . Phila El Co 4s '71 Phila El Co 4%s 67 Phila&RC&16s Philippine Ry 48°37.. - R-K-O 6s°41 __ R-dllc JerCas 1. ‘9T A sanza=afEiyesiinidys Richfield Oil s Richfield O 8544 ofw_ RGW istexinds ‘39 v 55 =§5288s :fis*sss'l'-'*""a'!*i-*!ilma; Hizsegyyegepenefiiaeeffugys D. C. WEDNESDAY, BONDS ON NEW YORK STOCK EXCHANGE Schulco §%4s'46A stp. 50 Seabd AL 6545 A “fi Pipé L 58 52 Shell Un Oil 5s *47 Bino Con 0 6338 B 101% 101, 101% Sinc Con O 78’37 A, 101% 101%.101% So Bell T&T 108% 108% 108% 14% 114% 114% 98% 98% Ta% Tén % % 8% 4K 84% 85 105% 105% So Pac Ore 4% "17 So Pac S8 F Ter 45 '50. 105“ 107% 107% 7 7 104 21% 2% 42% 104 10¢ 101 604 e 101% . 106% 8714 108% Stand Ofl N Y 4145°51 104 Stevens Hotel'$s '45_- 21% Studebaker cv 68 '45. 42% Swift & Co8%s"50... 104 Tenn C&C 6244 B 101 ‘Tenn Cent 47 60! Tenn Kl Pw 6347 A_ 101% Term As St L 43 '53_. 105% Texarkana 5%s 'S Tex Corp ev bs’44 Tex & Pac bs'1TB. Tex&P MPT %3 Third Av ref 4s '80 Third A ad in ex 5860 22 Un El L&P 53 57 104% Un Pac st 48 '47.___. 111% UnPac4s'68___ 104 Un Pac 1st rf 4s 2008. 107% Un Pac %567 Unit Biscuit §s'50 Unit Drug 68 '53 Univ Pipe & R 65 '36_ 7 Ut P& L5859 ww_ 465 UtIP&LSYs ¢7__. 50% Ver Sugist7s’42cfs 9% Va E&P I1strf 5555 A 107 Va BI&Pr 5%s 44 . 111% Valr C&C 1st 58 '49_. 64 VaRy 1st5s’62 A Va8 W con 58’58 _ Wabash Des M 43 '39. Walworth 63745 A Warner Bros cv 6s ‘39 Warner-Quin 6s '3 __ ‘Warrea Br ev Wash W P 1st § ‘Westchester L 58 '50. 121% WPaP4s'S1 H - 108% WPaPlstis'56G . 1085 W Sh 1st 48 2361 gtd. 8315 W Shilst4s206lrg . 78 West'n Md 1st West'n Pac 55'46 A as 33 West'n Un 44850 9 West'n Un cl tr 55'38_ 104% West'n UnbSs'51.___. W Sp 8tlcon 7s Wilkes B&E 1st §: Wilson&Co 1st 6s'41 108% Youngtn S&T 55’70 B 9814 Youngtn S&T 5578 A 9815 FEDERAL LAND BANKS EW YORK. July 17 dP.—Pederal Land | boads SRR, P g o Great Northe Tilinois Central 6ias Intl. Tel. & Tel. 4 Lake Erie & Lebigh Valley Coal M‘:l"flk msq 61938 G‘fl 1936- U. 8. TREASURY NOTES. « by Chas. D. Barney & Co.) ml.flflnl !‘ :l !u ;;;;-a;-;i;;;.‘“"r 85E333RzRRRAAERE4 ¥ | 235553 MONEY MARKET. Sve s ofiered: 4-6 momthg: Prime ‘commercial paper. 3, Bankers acceptances unchenged. ‘ork Reserve Bank, Kansas City Scuihern Railway— Deficit, five months ended Mav 31, was $677,738 vs. deficit $471000. Massachusetts Investors Trust Prospectus on Request William W. Mackall, Jr. Investment Securities 218 Woodward Bldg. District Sas1 and LOANS ON IMPROVED RESIDENTIAL PROP- ERTY IN THE DIS- TRICT B. F. SAULCO 925 15ch St Natl. 2100 .+ | brought the total reduction in that 7 | time to 35 cents and put Bradford a JULY 17, 1935. WATBH OIL PRICES. {ELECTRIC POWER AS OUTPUT CLIMBS Continued Weakness of Refinery Market. By the Associated Press. TULSA, Okila., July 17-—~The oil in- dustry was silently eyeing prices to- day as crude ofl production continued to mount and the refinery market showed little signs of strengthening. There was little in the week’s devel- opments to inspire optimism about the immediate situation and the hopeful talk was centered on the “long pull” prospects. Among the week’s developmen was | another slash in Pennsylvania crude prices, the third in two months. It nickel under $2 a barrel. That was explained here as a “local | situation,” due to increased recovery of oil in Pennsylvania by use of water in foreing oil out of the sands. Crude production took another | | jump, soaring to 2746691 barrels a day, approximately 38000 barrels above the previous week and 80,000 | barrels more than for the same week | & year ago. Okahloma and California were the principal sources of the hike, | as East Texas was curtailed. H Crude prices in Mid-Continent, | however, remained steady and there was no indication of an immediate cut. Refinery prices held their own de-| spite reports of reduction in retail| prices in scattered cities, There was | little surplus gasoline offered on the | slow market. Third-grade gasoline was steady throughout the week at 4%84% and regular was quoted af 5'%a5%. Kerosene was quoted at 3%4a3% for 41-43 gravity water white | and one-zighth of a cent higher for| 42-44 gravity. e NEW YORK BANK STOCKS | ~ | # YORK. July 17 (»—New York| | Becurity Dealers’ Association (Quotations es of 2 o'clock.) Bk of Man (1'4)___ Bankers Tr ¢3) Pifth Ave (34%) | Eirst Boston Carp (170 Pirst Natl (100) k Guaranty Tr 12 Irving Tr (60 Manufacturer's Tr (1) Natl City «1) N Y Trust (5) Ih o ek ————a-1700 1840 *Including extras. REAL ESTATE LOANS ON IMPROVED PROPERTY Mutual Building Assn. 306 7th St. S.W. Organized Since 1892 ENTERPRISE BUILDING ASSOCIATION 7ch St. and Ind. Ave. N.W. MORTGAGE NOTES AVAILABLE Secured on Homes Safety and Yield Combined Leaders of Industry Study' Climbs 0.9 of a Point to Set | By the Assoclated Press. ciated Press adjusted weekly index | of electric power production advanced | 09 of a point for tre last week to| of 1 per cent. INDEX ADVANCES | New High for 1935 Dur- ing Week. NEW YORK, July 17.—The Asso- 100, a new high fcr 1935, The level for the week ended July | 13 also was above a year ago when | the index stood at $6.6. The index, based on 1929-30 as 100, is.adjusted for seasonal and lovg-term trends.| The range for rccent years follow: 1935 1934 .- 1009 974 919| 949 91.9 802 ‘The Bdison Electric Institute today placed the power output in the United States for the weex ended July 13 at 1,766,010,000-kuowatt hours, 6.7 per | 3 1933 | cent higher thaa the previous week | | and 7.2 per cent above the correspond- | ing week of 1934. ¥o: the week ended | July 6, the gain over the same week of 1934 was 6.4 per cent. The Pacific Coasi was the only | section reporting a '.ss for the July| 13 week from th: previous year. Power production there was down 0.4 7.1; Middle Atlan.c, 8.7; Central in- dustrial, 6.3; West Central, 92; South- | } ern States, [28.0. 86, and Rock Mountain, M | Pcrcentage gaius in || | other sections were New England, sions. Tyler and luthrford, Ine. 1520 “K” St Natl. 0475 MASSACHUSETTS INVESTORS” TRUST Prospectus Will de Sent on Requess A. S. GovLeeN & Co, Ix 925 15th ST. N.W. Ideal location. opposite MePher- ; elevator building, well inder constant super- i810n. l!lDLl ROOM __ SUITE ..-$36.00 OF 4 ROOMS_ __ 90.00 923 15th ST. N.-W. 1621 CONN. AVE. N.W. 3 roo.m u:l:lllbl: (or|pm(-donll Durpoes; sievator service. - —STO! 1619 CONN. AVE,_N.W. Pir; h bale mately 1.100 square nished. Key with a-nmr Tosi. RENT—$15¢ 1621 CONN. AVE N.W. Ground floor storeroom. hest fur- nished; approximately 800 square feet. RENT—$1 First mately furnish foor, 1.900 “square feet: .’ Key on_second RENT—$160 1616 K ST. N.W. Ground floor, heat furnishied: ap- % uare feet. e 'N"TAT.O B. F. SAUL CO. 100. 925 15th St N.W. containing _approxi- heat T, First Mortcace Loans trict of Columbia, Nearby Maryland and Virginia 5% Terms from 3 to 15 years RANDALL H. HAGNER & CorMaprAN ncoReoRaTED Sensaann Loaw 1321 Connecticut Avenue N.W. Telephone: DEcatur 3600 The Office of the Association Will Be Closed From 1:30 to JOHN JOY 915 F St Washington, D. C. Mortgage Loan A Savings Account —is the first step to Success and Financial Security IP you do not know about the many sdvantages of saving, afforded by the Building and Loan plan, come in and learn fully about the “Ideal Plan of Saving!™ ® We're belping thousands of thrifty men and women to ..and can help you!* “get ahesd,” |, Thursday. July 18, 4 O’Clock During Funeral of EDSON _quitable Co-Operative Bldg. Assn. N.W. “Liquidating , —the real estate securities for a na- we offer 69, first trust notes on residential property lo- cated within the metropolitan area of These loans have been curtailed to approximately 50% of the appraised value. Frederick W.Berens Correspondent, 610 McLachlen Bank Building. Phone: District 3053.” Lighten Cares This Summer Yeu can lightem your busi- ness cares—during the sum- mer months and for the vear ‘round — by availing yourself of the. seasoned service of this bank’s trust department. Here at the Union Trust we are prepared to safeguard securities, collect and remit income, and to assume the burdens of property man- agement. Our Officers will be glad te explain how we may be helpful.