Evening Star Newspaper, July 25, 1935, Page 19

FINANCIAL SECONDARY BONDS TURN DOWNWARD Prime Corporate.§ Remain Steady-—Federal Issues Are Irregular. By the Associated Press. NEW YORK, July 25—Secondary bonds moved into a downward trend in the late trading today. Prime issues closed steady and United States Governments finished unchanged to 3-32ds of a point lower. Pressure on the speculative classi- fications erased a number of gains established during the forenoon deal- ings. Rail issues were targets for much of the selling. Heaviness in German obligations and a fair recovery in Italian issues ‘were among the features of the foreign list. MISSOURI PACIFIC PLAN IS REPORTED By the Associated Press. NEW YORK, July 25.—A plan to reorganize the Missouri Pacific Rail- road and remove 12,000 miles of line from a two-year period of bankruptey has been developed by O. P. Van Sweringen, it was reported here last night. The interests which disclosed the Van Sweringen move are withholding | publicity of the plan until he reveals it. but indicated that frozen invest- ments of some $300,000,000 made by savings banks, insurance companies and other investors in the largest unit ,of the $2,000,000.000 railroad empire would be released. A previous plan had been rejected. Under the new plan it was indi- eated R. F. C. aid would be elimi- The Guaranty Trust Co. resigned yesterday as trustee for $264,000,000 Missouri Pacific Railroad first and refunding bonds and was succeeded by the Manufacturers Trust Co. The action followed differences between Van Sweringen and a protective com- mittee headed by John W. Stedman, vice president of the Prudential Insur- ance Co. Advertising Lafls Behind Year Ago, Index Discloses By the Associated Press. NEW YORK, July 25.—Advertising for the month of June registered a decrease of 2.3 per cent over the same period a year ago. it is shown by the general index of advertising compiled by Printers’ Ink and released today. This marks the first time that any month of 1935 has suffered a loss as compared with the month of 1934, The index figure for June stands at 78.2. a decrease of 3.7 per cent as compared with the preceding month June normally shows a decrease as compared with May. BITUMINOUS OUTPUT CLIMBS DURING WEEK | The National Coal Association, from incomplete carloading reports from the railroads, estimates bituminous coal production in the United States for the week ended July 20 as ap- proximately 5.600,000 net tons. Pro- duction for the corresponding week: 1934, 5.753,000 tons; 1933, tons. The report of the Bureau of Mines shows production of 2.565.000 tons for | the week ended July 6 and 4,613,000 for the week ended July 13, 1935. . SHORT-TERM SECURITIES. (Reported by Chas. D. Barney & Co.) Allis-Chalmers 5s 1937 Am Beet Sugar_Co s Amer T & T 515 194 Atlantic Refining Co 55 Bethiehem Stecl Corp 5: 1 Calif Packing Corp 5s, '40- Canadian Nor Rwy 73 40 1 Ry 5s 34 S Qo Lis Goke Chi & Northw Ry 6 Dela & Hudson Co Gotham Silk Hosiery 65 Grand Trunk of Can 6s Great Northern 7 i6 I Central RR 6 Internatl T & T Lake Erie ¢ WR R 55 ' Lehigh Valley Coal 65 Louis & Nash RR lg{hlnn ‘Cent RR 35 90 36 1051 R public Iron & Steel 5. to Grande Western 4930 8inclair Consol Oil Warner Bros &5 West N Y & Pa NEW YORK BANK STOCKS. NEW YORK @ecurity Dealers Bk of Man 1) nkers Tr (3) __ Bkiyn Tr_(4) en Han Bk & Tr (6) ase Nat (1.40) Chem Bk & Tr (1.80) Commercial (%) Cont Bk & Tr (&) Jury # —New York Association Guaranty Ti (12 Irving Tr (.60) Mlmlflclun{'t ) : T, = nited St Tr (70a) (a) Including extras. FEDERAL LAND BANKS NEW YORK. Juiy 25 (#.—Pederal ind Bank mga ; 3 : Sl [l nou\ 01 2 o' ) s Jan B0 00 2 v %01 08 104 104% 103% 104% 04 oRY 0% U. S. TREASURY NOTES. (Reported by Chas. D. Barney & Co.) teMururity ug ??.F! s ES ~ 220 250! 2939301 303 2 &} g e L i MONTREAL SILVER. 24 X 1 elowed Guiet whd unchansed. Seies, 1 con- tract. High. Low. Close. Beptember ... 68.05 6805 68.05 - Eastern Manufacturing Co.—Pre- derred e six ‘months ended June 30, were $1.52, corresponding | 7,276,000 ! By private wire direct to The Star. Approximate Transactions Tod-v. 1. 8. Gov't Bonds - $24¢ Foreign Bonds._ . 1270 .00 Domestic Bonds. 6,530,000 LIIERTV. | 4th 41(51933-38. loll'l 10114 10115 TREASURY. 10123 10119 10121 3 33m 1944-4( 10615 10613 106 13 31,8 1944-46 reg. 1069 1069 1069 3335 1941-43 Mar 10825 10823 10823 | 2345 1943-47_____ 10726 10726 10726 3% 5 1946-56___-. 11020 11020 11020 45 1944-54 -1121 1121 1121 41(5-334 5 1943-45 10623 106 21 10621 43(5-3%; s 43-45rg 10618 106 18 10618 44%s 1‘JI7~52V.,., 1171 1171 1171 FEDERAL FARM MORTGAGE. 2%®1942-47____. 10118 10116 10118 —-e. 10221 10218 10218 —emmeeee 10217 10216 10216 —ee--- 10330 10330 10330 HOME OWNERS' LOAN. 2% 51939-49_____1012 10031 1012 381952 ... 10211 10210 10211 FOREIGN BONDS. High. Lo | Abitibi Pa&Pw s '53 Agr Mtg Bk Col 65 47 Febr cou on Akershus 58 '63 . Alpine Mont S 7855 | Antioquia 7845 Antwerp 58 '58 Argentine 535 1162 Argentine 6559 Oct.. Argentine 6s ‘60 May. Argentine 6s '60 Sept Argentine 6360 Oct_ Argentine 6s'61 Febr Argentine 6s ‘61 May 103'2 Australia bs 57 1031 | Austrian 7s ‘57 .. 96 Batavia Petr 4% Belgium 65°55 Belgium 78’5/ Belgium 78’ Bergen City 5s '60_ Berlin 6325’50 Berlin Elec Bogota 8s Bolivia 7s '58 Bolivia 8847 Brazil 6% 8 '26-’ Brazil 6% s '27- Brazil 7s | Brazil 8s41_ Brisbane 55 Brisbane 6s'50 Budapest 6s'62 unmat cou on Buenos A 6s ‘61 st Pv BuenosA§3:s'61stPv. BuenosAC6 Canada 4155°36 117% 103% 638, 960 1017 is'42 | Christiania | Colombia 6 | Colombia 6 Copenhagen 42 Copenhagen s ‘52 | Copenhagen T 5s | Cordoba 7s 57 stpd__ | Costa Rica 75 '51 A | May couponon___ | Cuba 41;5 49 _ | Cuba 5870 i Cuba ;s | Cuba 5% '53 | Cund’amarca 6723759 Denmark 4125 " Denmark 5%s’ Denmark 6s " | Deu Bk 65 '35 ct stpd Domiric 18t 5135 40 Dominic 18t 5% 8 '42_ Elec Pw Ger 612553 Kl Salvador 8s 48 ct_ Finland 6% '56 Frankfort 6%s '53._. | French Gov 7s'49 . __ | Ger C Bk A€8’60 July | Ger C Bk A 65’60 Oct. Ger CBk A 75 '50 Ger Gen El 63’48 Ger Gen El 7s"45... Ger Gov 5 65... Ger Rep 73749 | Good HS & 178" ‘Gncmupou- Haitf 68 '52 | Heidelberg 7'zs ‘50 ltaly 78°51 1tal Crd P W Ital PUCrd 7 Japan 5%s €5.. Japan 615354 Jugos Mtg Bk 7857 unmat coupon. Kreu&Toll 68°59A cfs | Lombard E17s'52_. Medellin 6% 5 Merid Elec 75’57 A Mex 48°10-45a88t sm. Mex 45 '54 asst Met Water 5% T A Minas Gers 6%:5°59 Sept coupon off. Montecatini 78 '37_._ Montevideo 7s'52___. New So Wales 55 '57_ Nord Ry 6%s'50 _ Nor Ger le‘cs'fl 101% 1493, 101 149% 4T% 4T 102 101% 102% 102% 106% 106 1062 10614 102'% 101% 96': 961 823, 82% Norway 6s” u Norway 6s 44 Norway 6552 Norw Hy El 5%48°57- Oriental Dev 6% l"i! | Poland 7s'47 Poland 8350 Porto Alegre 7% July coupon oft Porto Alegre 85’61 July eoupon oft | Prussia 6s°'52 _ Prussia 6%s '51_ Rhine W EL P 65’52 Riode Jan 6%s 53 Aug coupon off _. Rio Gr do Sul 75 66 May coupon off _. Rio Gr do Sul 85 '46 Avpril coupon off Rome 6148 '52 Rotterdam 6s 64 Royal Dutch 45'45__. Rumenta 7s ‘5% Aug coupon off __ Sao Paulo St Ts"40__. Sao Paulo St 85 '50 July coupon off .. Saxon Pb W 7845 Saxon St Mtg 78 '45 Serbs 7s '62 unm ¢ on Shin'su El P 6%s'52_ Tatwan Elec 534871, ‘Tokio 538 "61 Tokio El Lt Ujigawa EP 7845 Un Stl Wk 63847 A Un Stl Wk 6%s 51 A. Upper Aust 7s 45 unmat coupon on_ B 115% 115 118 118 36% 364 % T6% 18 17% 34% 42% 28% 87 Yokohama és " Cl_ DOMESTIC BONDS. Adams Exp 4s 48 98 9T Ala Grt So con lO'l'/q 107% Alb Per W P 6s'48 Alleg Corp 58 44 _ Alleg Corp 58 '49___. Alleg Corp 5s '50 Alleg Corp 58 '50 stp Allied Stores 43;s 50 Am & For Pw 65 2020 Am 1 GCh5%s'49 - Am Intl 534849 Am Roll Mill 4%s “ 101% 101% 1013 - 102% 102% 102% 108% 108 108 109% 109 109 112% 1124 112% 113 112% 112% IS THE EVENING STAR, WASHINGTON, Month ago. 1935 high.. 1934 high Am Writ Pap 68 Anglo Ch Nitr 7 Armour & Co 438 °39 Arm of Del 55’43 Armstrg Cork 5s '40 A T&S Fe 45 '05-'55 A T&S Fead 45’95 A T&S Fegn 45 '95.. A'T&S Fo4%s 48 AT&SFeCA 4%s’ Atl Coast L 1st 45’52 Atl Coast Lclt 4s'52. AtICLun43%s’64 At Coast Lielt 5s 45 Atlantic&D 1st 4s'48 Atl Refin deb 53'37 __ Baldwin Loco 58 '40. B&O 18t d4s’4 B&O4%8°60 - B& O 1st 5848 B & O ref 55795 B&O5s'96 F B & O ref 55 2000 D B & O ref 6595 C B&O PLE&W V 4s'41 B & O Swn 53 '50 B & O Toledo 43 '59._ Bat Crk & St 35 '8 Bell T of Pa is'48 B Beneficial L 6s '46 Beth Stl p m 55 '36 | Beth Stirf db | Bos & Me 53 67 | Bot Con M 612534 Bot Con M 6125 '34 ct Bklyn Edis 55’52 E_. BKlyn M T 5s 4% A_ Bklyn M T 65 '68 A_. Bklyn Un Kl 5 50 Bklyn Un G 55 57 B BKlyn Un G rf 6s’ | Buff R&P con 418 ‘57 BCR& Nclbs'34 Bush Term cn 5s ' | Can'dian Nt R41;8'54 Can'dian Nt R4%28'36 3 7 Can’dian Nt5s'69July | Can'dian Nt 68’69 Oct Can'dlan N db61%s'46 Nrdb 75 '40 Pc abnvern an'dian Pc 4} an'dian Pc Can'dian Pe 58 ‘54 | Carth & Ad 4s'81 gtd Cent of Ga con 5s 45 Cent of Ga 58" Cent 1l E& G b8 '51 Centof N J gen 5 '87 Cent Pae 1strf 4549 Cent Pac 65 ‘60 Cent RR B Ga 58’37 | Cert'ddeb 5%s 48 Chesap C cv cl bs " % | Chesap Corp s " 47_. {C&0gen4%3'92 |C&O041s'95B | C& O con 5539 | Chi& Altref 38’49 Ch1 B&Qgends's8 |ChiB&Q 4%s'77 | Chi B&Q ret 6871 | Chi B&Q 1dv 318 °49 ChiB& Q ldiv 45’49, | Chi& E 111 58’51 Chi Grt W Chi I&Lgenfil 66 jChi Ind & Louis 58'47. CCC&S!L rf5s'63 D CM&StP 4s 89 | CM&StP gn 43589 C | CM&StP l‘nl'll! Chi & NW 43382037C. Chi& NW 43849 ___ Chi & NW gn 5887 __ Chi & NW rf 68 2037_. Chi R I&P rf 43 '34_ CR I&P 4552 ctf Chi T H&S 1st 5360 Chi T H&S inc 5s '60... Chi Un Sta 4562 Chi Un Sta 5344 Chi & W 1 con 4s " C&W11strI5%s62C Childs & Co 6843 Chile Cop deb Cin Un Ter 5s '57 Cin Un Ter 5s 2020 B. CCC&StL rf 4381 CCC&SILCW&M4s8'91 Clev Un Ter 4:8"17.. Clev Un Ter 5513 B_ Clev Un Ter 5%8"12A Colo Fuel & Ir 5543 ColoIndcl trbs ‘34_. Col & So 413580 ColRP&L5%s'42_ Columbia G & K deb 5852 April ColumbiaG & B | Com Inv T 53 Con Coal Md rf 58’50 Con Coal Md 5 Con Gas Chi 5s |{ConGasN Y 4% 51 {ConGas N Y 68 °57__. ConGN Y db5lees. | Cons Ry Co 4854 __. | Container deb 5s 43 Cuba R R 1st 53 Cuba RR 65°36 _ Cuba RRref 718’36 Cuba Nor RR 5842 CumbT & T 68’37 . Del & Hud ref 4s "43_. Del & Hud 5%s 37 _ | Den & R G cn 4s '3 |Den & RG W 6855 Den&RGW 55’55 asst Den & RGrf bs'78 Det Edison 4%s'61 D Det Edison 55 '52 Det & Mac 1st 45’96 Dul& Ir Rgés’'37 Duqu Lt 4325 Duqu Lt 15t 4%4's '67. Erfecv4s ‘53 A Erie 45'96 | Erte ref 5s Erie ref 58’75 Fran Sug 1%s"42 Gen Am Inv és Goody'r T&R bs 57 Gotham Silk H 65 '36. Gould Coup 6540 __ Gr Tr'k of Can 6s 3‘ Gr Tr'k of Cau Gt N Rref 4% Gt N R gen 4%s'76 D GtNRgen4%s'1TE GtNRgenss'73C.. GtNR5%s'52B Gt N R gen 7 Green Bay 58°$2 B Guif M & N 53 50 Guif M&Ni%s Hoe Val 4%3°99 Houston Ofl 5% Hudson Coal 6552 . Hud & Man ine 6s'57. Hud & Man ref 63 ‘57 111 Bell Tel 6 111 Cent coll tr 111 Cent col tr 4s '53 111 Cent ref 45 '55____ I11 Cent 43 » '/ Today's close.. BOND AVERAGES 10 Indust. 10 Util. Unch. 96.7 96.7 95.7 86.3 7.1 400 98.9 10 Low-Yield Bonds. 1103 1928 high ____ 104.4 (*) New 1935 high. Previous day-. - 106.6 Year ago.. 10 For'gn -1 68.7 68.8 69.1 628 0.4 65.5 70.0 60.2 422 100.5 1102 1935 low ..... 107.9 1934 low . 1932 low ..... Compilea by the Assoclated Press. « 1094 101y 10 23% 5la 19 7 67% 26 13 112% 67 91y W T'a 18% 17% 112% 112 ll‘l - 109% 109% 109% 30 30 30 1085 108% 1085 110% 110's 110% 104'3 104% 104% T4% 4% T4% 102 101 64 63 - 4 116% 116 8% qa 3% 3% 103% 103% 921 91y 87% 86 12% ™% 7 104% 104% 95% 95 25% 25 104% 104% - 103% Har Ry-P C ist 4554 . James F & C | LenC & N 418 | L&N41: | Manhat R 4s 90 111 Cent 63836 ICC&StL NO 4% 111 Steel deb 435 "40. Inland St 4%s 78 A_ Iniand Stl 438 Int RT 1strf 58 ‘66 _ IR T 1st ref 58'66cfs. Int R T 6s'32 Int RT 7s'32 Int RT 7s'32 ctf Interlake 5s°5 Int Grt Int Grt Int Gt Nor és Int Gt Nor adj Int Hydro El 6s° H o Int Mer Mar 6s ‘41 Int Pap 1st 5847 A__ Int Pap ref 6s Int Rysof CA Int Rysof C A 6s'41._ Int Ry of C A 62547 IntT&Tev 42 IntT & T4%s8 5 Int T&T6s'55 ke SRS S&Mrias'36ct Kan C Sou 1st 3550 Kan C Sourf in 53 50 Keith 6346 Kendall 5158 "48 ww_ Ky&Ind T 4728 °61 __ Kan CI | Kings County Elev 4549 Kings County Light ist 6 4 Laclede G Laclede G 5%8 53 C.. Lake E&W 2d 5s’41_. Lautaro Nitr 6 '54 __ Yieh C&N 432854 A _ e Leh Val Coal §8'7 Leh V Pa con 45 2003 L V Pacon 4%s 2003 Leh V RR con 58 2003 Ligg & Myr 68°51_. Ligg & Myr 75 "44_ Loew's 6s 41 lLong Dock s " Long Isl ref 4= 49 Lorrillard 7s "44 La & Ark 55 69 _ Lou G & E 58752 A. L & N unif 48’40 2003 C.. & Nrf53482003 L & N So Monjt 48 '52 L&NStL3s'80. .. M'Cro'yS5%s'41 filed McKess & R 568 ‘50 Marion St Sh 6547 __ Market St Ry T8'40 A Mead Co 68745 _ Met Ed 1strf 43568 Midvale S&O bs ‘36 _ MIER&SL5s'61_. | Mil E R&S L rf 55'71. Mil Spa & N W 45 '47. Mo Il 6="59___ Mo K & T 18t 439 Mo K & T 5362 A Mo K & T adj 55 '6 Mo Pac 4375 5 A Mo Pac 5877 F Mo Pac 55’718 G Mo Pac 53’80 H_ Mo Pac 5= 811 _ Mo Pac 5%s"49 A Mont Cent Mont Cent és Mont Pwr ref 5343 Mont Pwr 5862 A Mor & Esx 313s 200! Mor & Esx 412856 Mor & Esx 5i Murray Body 62842 sau El 4 '51 gtd. t Dairy 5% s'48 __ Nat Dis P C 44345, Nat Steel 4565 Nat Steel 58’56 New Enz RR 45 '52 New E T&T 1st 5852 New J P&L 43860 New Or P S bs 52 w Or P 8 5 B_. w Or GNR 58 ‘83 A \ew Or Ter 1st 4s°53 New Or T&M 4%s'56 N Y Cent 3153597 Y Cent 4s 42 Cent con 4s Cent r(l‘ax_fl” Crf43,82013n_. Cent ref 5s 2013 N Y Centcv6s'4d __ NYCLSh 31;s'98__ NYC&StL 4%8'78__. NYC&StL 5%s'T4 AL NYC&StL 1st 6s '35 N Y Conn 1st 438°53 N Y Dock 58°38 ____. N Y Edison 58 '51C NYEdrf6%s’'4lrz. N Y & Green L 5846 NY NH & H 48'55___ NY NH & H 45 '56_ NY NH& H4s'57___ NY NH& H4%s8'67 NW NH&H cl tr §s'40 NY NH & Hev 63748 N Y O&W gen 4s 55 N Y O&W ref 4s N Y Rys inc 63°6 N Y Steam 1st 55 51 NY Steam5s'56 _. N Y Steam 1st 68 '47_ NY N T 4 k4 N Y Tel gen 4 \Y Trap Rk 6846 stp NYW&B4%s'46 _ Niag Sh 5%s 50 Norf So 1st ref 55 ‘61 Norf Solst rfss'61cts Norf&W 1st 4 '96 North Am Co 58 ‘61 _ North Am 124 5557 A North Am Ed 55 '69 C North Am Ed 5%s '3 Nor'n Pac gen 3s 2047 Nor'n Pac 4s'97 Nor'n Pac 415 2047_. Nor'n Pac 552047 C .. Nor'n Pac 552047 D_. Nor'n Pac 65 2047 _. Nor'n St P 1st5s’41A. 0ld Ben C 1st 6s Ore W RR & N 4561 Otis Steel 6541 Pac Coast 5s PacG & £5s°'42.. Pac Tel 1st 55 '37_ Par: Par-F-La 6s'47 cfs__ Par-Pub 538 '50 cfs Par-Pub 51,5 '50 filed Pat& PG E5s'49__. Parmelee 6s " Penn Dixie C Penn RR4%s'81D. Penn RR con 4%s ‘60 Penn R R 4%s '8¢ Penn R R gn 41865 Penn R R db 4348 °70 Penn R R bs 64 Penn R R gen 55’68 . Penn R R 61536 Penn P& L 4% Peoria & E inc Peor Pekl Unb % Pere Marg 1st 4 Pere Marg 4% Pere Marg 15t b Phila B&EW 4% Phila Co 68 '67. Phila El Co ¢s "ll Phila&RC&16 :.’ Porto Rico A T Postal Tel & C b8 53 Pressed St1 C5s°33__ Pub S E&G 4%s m0_- Pure Of1 5% " Purity Bak 5s 48 Reading R 4% '97 A. Reading Jer C 4s'51. Rem-R §%#'47 A ww. Rep 1&St] 6540 Rep 1&St15%s8'53 A_. Revere Cop&B 6s '48._ Richfield Oil 6s ‘44 Richfield O 6s "4 RG W 1stexin 39 RIA&L 1st 4%:s'34_ Roch G&E s 62 E Rutland RR 438" St Jo Ry L T&P 58 '37 St L IM&S R&G 4533 StLRM&PS5s'55 - StL-SF4s'50 A . StL-SF 45'50 A cfs_ StL-SF 4%s'78 StL-8F 4578 ¢ st StL-SF5s'50B :un. Low. Close. | St LS W 1st 45°89 5! B. 1l 90% 10215 121% 101% 101% 2% 105 87 95 94 100 106 17% 1007 106% 174 104% 98% 40 106% 106 110% 61 96% 98Y% 40 61 96% 98% 98% 971 A8 118% 118% 118% 31 31l 1 9 90% 9! 106% 106% 106% 1187 1187 1187% 106% 105% 105% 108% 108% 108'4 97% 96% 95 105 104% 1047% 98 98 106% 106% 106'4 106 110% 110% StL8S Wegnrf5s'd A&A Pass 48°43. PbS6s'52 A Sharon S H 5%8 "4 Shell Pipe L 55'52__. Shell Un Oil 5s '47 Sierra & SF P 5549 Silesian Am 7s 41 {Sinc Con06%5'38 B Sinc Con O 78 °37 A__. Skelly Oil 538 '39_ So Bell T&T bs'41_ So Colo Pwr 6s ‘47 A_ So Pacref 4s” Pac S F Ter 4s '5 0 Ry gen 43°56 A_ 0 Ry 5894 | So Ry gen 6556 SoRy 61856 SoRy M & O 48’38 Southw Bell T 5s Spokane Int 5s '35 Stand Oil N Y 4%s'51 Studebaker cv 6s ‘45 7 Tenn C&C 65 '44 B | Tenn El Pw 6347 A_. Tex Corp cv 5s'44._ Tex & Pac s '79 C. Tex & Pac § 4 | Third Av ref 4s 'w | Third A ad in ex 58°60 Un Fl L&P 58 '57 |UnEL&P5%s"54 Un O Cal 6542 A Un Pac 1st 45 "47_. Un Pac 45 '68 _ Un Pac 1st rf 4s 2008. Un Pac 413867 . Unit Biscuit b Unit Drug 58 ‘53 U S Rubber 55 47 Utah L& T 58 '4#A. Utah P & L 5544 Util P& L 58 '59 ww. UtilP& L5%s 47 Vanadium cv 55’41 Va El&Pr515s 44 Va Ry 1st 58 62 A_ Wabash 5580 D | wabash 1st 55 '39 | Wabash 2d 3 Wabash 516 Walworth 6845 A Walw'th 6335 '35 ww . { Warner-Quin 6539 __ WPaPlst5s'56 G _ W Sh 1st 45 2061 rg. West'n Md 18t 45 | West'n Md 53487 | West'n Pac5s'46 A__ Swift & Co 3% s '50... 103% 69% 75 13 1% 10% l(M‘- 103 113 594 101 101'% 102% 108% 100 793 41 30 1084 | 61y 103% 100 103% 100 991, 104 Ny 911y 57 2378 10474 105% 119% 103%, 100 9815 103% o1y - 111% 103 106% 109%, 111 97 174 164 Warner Broscv 6s '39 | Warren Brev 6s"41_. W Sh 1st 45 2361 gtd_ 1041 | 33 | West'n Pac 58°46 A as | West'n Un 4135 °50. West'n Un 58 '51_. 127 | West'n Un 55’60 83 | Wheel St1 535848 A_ White S M 6s '40 W Sp Stlcon T W Sp Stl1st Ts | WisC 1st gn 4849 Youngtn S&T 58’70 B Youngtn S&T 5878 A [ CHICAGO. July complete official list stocks on the Chicag today: 10 Abbot Lab 150 Brown F&W 3850 Butler Bros __ t C&CRpc 6300 cm Co 500 Chi rP 100 Chi 1 Ordn 100 Chi Rive 100 Chy Yell" 500 Oities Ser\ 30 Comwith Edis 350 Cont Steel rd Corp _ 1 llm Crane ld 400 BlizSimmons Candy A piicusehold~ 850 Houd-Her B 100 Ind Pneu Tool 100 Iron Fireman 260 Kalamazoo Stov 100 Lynch Cnm 550 Marsh Picid T2 95 10 Pub Sve 6% pf__ 10 Pub Svc 7% pf_ 20 Quaker Oats_ 100 Ravtheon vtc pf 100 Reliance Mfg 500 Ryerson 550 sm Dred Sut! 550 Swift & 350 Swift Int - Viking 17% 40 61 963 98% Vorkes ortex Cup 250 Walgreen 30 Waukesha Mot 31% 1 BALTIMORE 9674 Wilson&Co 1st 65 41, & Mach hol 850 Elgin N Watch _ Con ,,1.’!4'. 13 Wheel Steel 435 '53_ 1088, 10 984y 981, 10 98 974 | CHICAGO STOCK MARKET 25 (" —Pollowing is the | of o transactions Siock Exchange Hien. Low. Last. in 103 % u 3 B 100 Bruce (E. L)___ t ..,,_~ 38 2mZy FatETE SRmaRns g . P A g S 33050 s ¥ SsugHyEn STOCKS D. U, THURSDAY, JULY 25, 1935.. “|Quarterly Net Equivalent to $1.17 a Share Against 88 Cents in 1934. By the Asscciated Press. NEW YORK, July 25.—Alfred P. Sloan, jr., president of Guneral Motors Corp., announced today that net earn- ings applicable to the common stock for the quarter ended June 30 were equivalent to $1.17 a share. This com- pares with earnings of 83 cents & i share in the June quarter last year. The quarter’s earnings on a per share basis were the largest for any June quarter since 1931. For the six months ended June 30 net applicable to the common stock amounted to $1.85 a share, against $1.51 a share for the first half of 1934. Net income in the second quarter, after preferred dividends, was $49,924,- 912, against $37,972535 for the second quarter of 1934. In the March quar- ter this year net amounted to $31,- 554,000, equal to 68 cents a common share. For the first half net income, after preferred dividends, was $79,140,728, against $64,997,503 for the like period | last year. | As of June 30 corporation’s holdings of cash, U. S. Government and other | i marketable securities amounted to $229,858,180, compared with $201.- 713,115 at June 30, 1934, and $186,- 966,609 at December 31, 1934, New Haven Loss Cut. BOSTON, July 25 (#).—A reduced | | deficit for June, but an _increased deficit for the first six months of | | 1935, were reported by the New York, | New Haven & Hartford Ralilroad Co. today. | The June deficit after charges, but | before guarantees on separately oper- ated properties, was $35052, the! smallest monthly deficit since March, | 1934, Gross revenues for the first half of | this year were $34.882,935, a decrease | of $908,619 from last year. The six- | month deficit was $1,613930, an in- crease of $189.256 over the first half of 1934. Net railway operating income for six months of this year was $4.- | 243,829, an increase of $539,555 over | the same period last year and the since 1932. Wage restorations for this period, the company reported, amount- | ed to approximately $1.200,000 more | than in the same period a year ago. Sun Oil Reports. NEW YORK, July 25 (#)—Corporate eainings reports issued today included: Sun Oil Co. and subsidiaries, six | months ended June 30. net income, | $3,157.863, equal to $1.52 a share on ' the common stock. against $3.818.018, | or $2.04 a share, in the first half of | 1934, National Distillers. National Distillers Products Corp.— 8ix months ended June 30, net profit, | $2.882,706, equal to $1.41 a share of common stock, against $5.698.163, or' | $2.87 a share in the first half of last | year. National Lead Ce. | National Lead Co.—Six months, | ended June 3¢ net profit, $2,615,510, equal to $5.35 = share on the common, | against $2,066,755, or $4.06 a share | first naif last year. ‘Ward Baking Corp. Ward Baking Corp. and subs)dlnlu —Twenty-seven weeks, ended July 6, net profit, $320,397, equal to $125 & | share of 7 per cent preferred stock, | | against net loss of $3,895 for the same | pmod last vear. Bendix Aviation. . Bendix Aviation Corp.—S8ix months, | ended June 3C net profit, $1,611.183, equal to 76 cente a share of the capi- tal stock. against $1,515. or 72 cents a share in the first half of 1934. | neapolis, San Prancisco, Portland and | | contracts. December Total 24.2 Per Cent Higher Than Year Ago Despite Recession in Week., By the Associated Press. NEW YORK, July 27.—Bank clearings still are large for a mid- Summer month. The total for the 21 leading cities in the United States for the week ended Wednesday, July 24, as reported by Dun & Bradstreet, Inc., was $5,313,794,000, against $4,278,154,- increase of 24.2 per cent. This con- trasted with a gain of 13.6 per cent for the preceding week. At New York City, clearings were | $3,608,318,000, an increase of 31.3 per cent over the amount reported last year, while the aggregate for centers | outside of New York of $1,705,476,000 | was 11.4 per cent higher. Clearings at New York continue high and considerable gains are | shown at some of the leading outside centers, chiefly Boston, Pittsburgh, Cincinnati, New Orleans, Louisville, Chicago, Detroit, Kansas City, Min- Seattle. The only reduction from last | year's figures appeared at Philadel- phia, Some decline generally appears in | the closing week of July, and clear- ings this week are ‘less than those of the preceding week by $549,429,000, whereas a year ago for the same two weeks, the reduction was $881,718,000. | Figures at leading centers, show- ing increases and decreases as com- pared with those of a year ago, are printed herewith; also daily bank clearings for this year to date: (Totals in thousands.) July 24, 19 Boston SO Philadeiphia - uffalo Pittsburzh Cleveland Cincinnati Baltimore __""7C Richmond | Minneapolis Kansas City Omaha Dalias _ San Prancisco largest for any comparable period | geattle Total New York Total all - 5.1 Average Dail July to date June ___ May April First quarter ————— — COMMODITY PRICES NEW YORK. July 25.—The Asso Press whoiesaie Drice index of 20 basic comodities today declined 0 RO The previous day it was ago 69.90. a month ago G ago B3 K Range of recent yei 1 nged bales. July cember. 5 | nese 81 per cent seriph Miscellaneous Additional New York m piled by the Associated Pres 3 pot_auiet; Rio No. 7 Santos No. Salle. Cost and freight ed_Santos Bou Rio futures closed quie March. 5 teads: sules «m"m P SUGAR.Putires No. unchanged to i higher: sales September, 2.26b. December, R0 March, 205b; 13b ErunE RUBBER —Putures closed au 8 1 13 hi 1°standard 1184 September. 11 January. 1° ‘Sioked rib- bed, spot. 11 HIDES—Putures closed steady. 3 | to u Nlaher " Bepts 10.10; December. March, Bales. 2.480.000 March. 1° in. 11 K4n n—Nominal. SR . U.S. TREASURY POSITXON Business Machines Corp. International Business Machines 106% 106% 106% 115% 115% 115% 102% 102% 102% 106 105% 105% 4% 4% 4% 107107 107 74T T4 804 80% 881 87% - 112% 112% 99! 9% 107% 107% 1081 1081 108% 62% 62% 62% 39 39 39 102% 102% 102‘6 | Special Dispatch to The Star. BALTIMORE. July 25— Sales. STOCKS. 200 Arundel Ctlrllx . Close. June 30, | Corp.—Six mcnths, ended June 30. net income $3.548,115, equal to $4.94 a ! share of capital stock. against $3, | 401.176, or $4.74 a share in the first | half last year. National Dairy Products. National Dairy Products Corp.—8ix | months, ended June 30, net profit, $3,- 119,417, equal to 49 cents a common share, against $4,009.387, or 58 cents | & share in the first half last year. United Biscuit Co. United Biscuit Co.,, 6§ months ended <1 June 10 net profit, $361.662, against g $491277, in first half of 1934. Hayves Body Corp. Hayes Body Corp. and subsidiaries, | 6 months ended June 30, net loss, of 1934. Intertype Corp. Intertype Corp., 6 months ended June 30. indicated net profit $106,436 equal, after preferred dividend require- ments to 30 cents a share on the com- mon, against $60,857, or 10 cents & common share in the first half of 1934 Crown Zellerbach Corp. Crown Zellerbach Corp. and sub- sidiaries, fiscal year ended April 36, consolidated profit, $1.383.214, against $1,579.640 in preceding fiscal year. Air Reduction Co. Air Reduction Co,, Inc., reported for the second quarter of this year net | income of $1,254324, equivalent to $1.50 a share of capital stock, com- pared with a net of $1,216,532, equal to $1.45 a share, for the second quarter of 1934. Earnings for the first half of this year equaled $3.01 a share, against $2.67 for the same period of 1934, Commercial Investment. Commercial Investment Trust Corp., six months ended June 30, consoli- dated net profit $7,256,517, against $5,100,215 last year. X Briggs & Stratton. Briggs & Stratton Corp., June quar- ter, net profit, $320,269, after charges and taxes, equal to $1.06 a share, against $357,075, or $1.19 a share in March and $249,768, or 83 cents in June quarter 1934. AUTO INVENTORIES REDUCED RAPIDLY| By the Associated Press. DETROIT, July 25.—The motor car industry is coming to the period of the year when retail distribution is heavier than factory output and as a consequence dealer inventories are | being rapidly reduced. This condition, desirable both in production and distribution divisions with the approach of a mew model season, results from the curtallment of output in a pumber of plants. It next few weeks as several more pro- Atlas Powder Co.—Common share | ducing units close down for inventory or the switching over to 1936 model activity. » $52,420 after taxes and charges, against | net loss of $5271 in the first hau | will become more noticeable in the || | By the Associated Press. The position of the Tr was: _Receipi 5.80: fires_ 0465 002,208 Customs receipts "for e month, .H‘fl 80396, o s kross _d b ,‘ 205 & derrf;se of % e the previous day; - Sets. $0.133,352,641- et e REICHSBANK STATEMENT. —The Reichsbank | uly 23 shows the fotlow- | tes i reihsmarke. Goid a | lion increased 18.000. reserve ore! currencies increased. 24:000, bills of ex- | change and cheaues “decreased 195.4 000. silver and other coins increased 38 | 008.000. notes on_ other banks _increased 0G0, advances decreased '7.657.000. | investments increased 334.000. otn | sets 1nereased < A tion _decrease | ing obiigations inc ¢old_holdings. Note coverage. 2 KR De; Rate of discount. 4 per cent.” LONDON BAN K REPORT. LONDON. July (# —The weekly | ftatement of ine Bank o Engiand shous the following chang unds: Total | jeserve “decreased o0 cireutaion | mcre-ud .0 bullion _ increased )00, other Aecufillel increased 387.000. | ‘nuihc deposits increased ON .000. other | deposits decreased 5.000." notes re- serve decreased 1.24 ernment se- curiites decreased 0 he proportion of the bank's reserve to| iabilicy is 36,85 per cent. compared with eek discount, 2 per cent. PARIS BANK CHANGES. PARIS Jul: (#.—The weekly state- | ment of the € of France shows the {01 lowing changes in francs: id_decreased | 175.000. sight balances abroad un- m-nnefl, bills discounted at home eased 285, | Srerenca. aqv 000:000; bilis bought circulation decreased 0 current | ces accounts increased 30-day | loans on_government. eo!menl decreased | 65.000.000. ‘Rate of discount, 3% per cent ] | STEEL SCRAP STILL RISES. NEW YORK, July 25 (#).—Scrap | steel prices show further gains in the Pittsburgh market, according to re- ports to steel trade quarters. Sales of No. 1 heavy metal material have | been made around $13 a ton, or so. ment in fixed ; estate p Forty Years of Experience First Mortgage Investments PROPERTY National 000 for the same week last year, an | | Available $250 up. B. F. SAUL CO. Loadings Expected To Show Further Advance in Week By the Associated Press NEW YORK, July 25—On the basis of figures reported by individual car- riers it is expected that total railroad freight car loadings for the week ended July 20 will approximate 575,000 cars. This would compare with 566,488 cars in the preceding week and 614,864 in the corresponding week last year. The report will be released tomorrow, CHICAGO LIVE STOCK CHICAGO. July #).—(Unite t Department of Agricalture ) Hoss 15000 including 5.000 direct: very slow cents er than Wednesday s paid_sparingly 10.60870: few )- y 500-800 " pounds beveas 25, heavies mostly below 9.00: m 10 £00d pigs. K.5( Galves. 4.000: catves | light heifer and mixed ‘yearlings and desirable light- L steers of vearling type sirong to igher: all others about steady assy and short fed offering siow ers and feeders steady to weak. not many stockers here: demand still centering on light vearlings and stock calves seliing at K00 downward to 6.75. few stock calves 8.50: cows steady to 15 higher: bulls fully steady: largely a clean-up mar= ket little beef her 8heep 4,000 highe active lambs fully steady OPPORTUNITY Vianted—Investment salesman. aged 30 to 40. averaging $5.000 or more junior partner i vestment bank quired. confiden Address Box I, Star Office We Will Make First Construction Action on Application Real Estate Mortgage and Guaranty Corporation 1610 K St N.W, Phone Nat, % ON. SAVINGS! PRUDENTIAL BUILDI ASSOCIATION Beeond Nat'l Bank Blds. 1331 G St. N.W. Dis. 8270 1108 DIRECTORY COMMODITY BROKERS COTTON N._Y. Cotton tvrrnu & Co. L 2256 o o 0 GRAIN Members Chicago Board nr 'r-m Harriman & Keech Laidlaw & Co. Westheimer & Co. L RUBBER—HIDES METALS—SILK Members Commodity zxcmm:- nu Harriman & Keech NA. 1800 Laidlaw & Co. Westheimer & Co. Member Laidiaw Prospectus on INCORPORATED INVESTORS A Mutual Fund Invested in High-grade Common Stocks Mailed on Request WaGGamaAN, BRAWNER & Co. cnc 1700 Exe St. N.W. anteeing Satisfaction if you bave your vatuables ina Harveyized Chest made by The Herring-Hall-Mar- vin Safe Company. You can give the skilful cracksman a wagon-load of tools and let him work all night, but he won't get mto it. Never yet has it failed. 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