Evening Star Newspaper, July 27, 1935, Page 13

RTNANCIAL. BONDS BEAT TIME AS VOLUME LAGS Small Buying and Selling Orders Sufficient to Move Market. By the Assoclated Press NEW YORK, July 27.—The bond market capped a rather dull week by a general display of steadiness, but with volume unimpressive. The main body of corporate issues including some which normally are ectively traded, had thin markets Thus small buying or selling orders were sufficient to move prices half a pomnt or =0 in either direction. Pres- sure was negligible as evidenced by the preponderance of small gains. Several of the second-grade rails acted a little better than they had in Tecent sessions. Southern Railway 4s were bought up to 34%, making a eain of 14 points, and fractional ad- vances occurred in Southern Pacific 41:s, Nickel Plate 45sand St. Paul 5s. In loans of Alleghany Corp., Balti- more & Ohio, Chesapeake & Ohio and New York Central prices were a bit lower. Utility and industrial divisions were featureless, although firmness marked such issues as American & Foreign Power, Postal Telegraph and Youngs- town Sheet & Tube. United States Governments were still in a groove of narrow price changes. Treasury 2%s and Federal | 3s were down two thirty-seconds of By private wire direct to The Star. Approximate Transaetions Today, U. 8. Gov't Bond s 1:0 ,000 Foreign Bonds Domestic Bonds 2,680,000, LIBERTY. High. Low. Olose. 4th 4% s 1933-38 10113 10118 10113 TREASURY, m il 10! l' 101 20 0328 lNl .N! lMl 3348 1944-46 10811 10611 106 i1 3% 8 1943-47 10728 10727 10728 3% 194345 10620 10620 10620 FEDERAL FARM MORTGAGE. 101196 10119 10119 2%s 1055 38 1946-48 . 38 1951-58 . 104 104 104 HOME OWNERS’' LOAN. 29,5 1939-49 .. 1012 10081 10081 381952 1929 1029 1029 FOREIGN IONDO. | Australia 4%48 Australla 68 56 | Austraiia 5857 Batavia Petr 4148 '42 | Belgum 63 43 | Berlin El '8 Bolivia 8 07 Brazil 648 26 Brazil 61827 Brazil 78 ‘62 Brazil 8 H a point, while others of the list ruled | b unchanged to one higher. There was little action in the for- eign department and leading cate- gories remained fairly close to the final levels of yesterday. Italian 7s moved up %. German 5's and Japanese 6'zs receded Ja. WILSON & CO. EXPECTED TO OFFER BOND ISSUE’ By the Associated Press NEW YORK, July 27.—Wall Street investment quarters expect that a public offering of $20,000,000 Wilson & Co. first mortgage bonds will be made next week, subject to comple- tion of registration details with the Becurity and Exchange Commission. MOODY’S INDEX SHOWS RISING TRADE TREND By the Assoclated Press NEW YORK, July 27.—Statistics appearing during the last week indi- cated a rising business tendency, ac- cording to Moody's Index figures for freight car loadings, electric power production and steel ingot output. The index figures are adjusted for seasonal variation—that is, if the change from the previous week should coincide with the normal seasonal change, the index figure would be un- changed. arloadings, C Latest week Previous week Month ago. Fo.s | 4.8 8 i combine 54.8 R1 9 . 13 (1928 weekly aver (Copyrignt 19: equals 100.) . by Moody's.) LAMP STYLES INDICATED. NEW YORK, July 37 (#).—Requests | for white lamps with china, pottery | and metal bases have predominated ' in the exceptionally active buying at the current New York lamp show. FOBEIGN MABKETS. By the Associated Press BERLIN.—A friendiy _undertone vailed on the Boerse today. but the mark closed quiet. with prices at a lower leve london and Paris closed. pr CHICAGO PRODUCE CHICAGO. July 27 (P.—Poultry. live. 10 trucks; aquiet; hens. lS‘q.llfl Leghorn hens 1312; Rock fryers. 17al18, colored, ROI:K Springs. 20, colo: Y!d Rock Brotlers. 13 aat i colored: 13 chickens, . 10%: heavy col- 1" 10; old geese, 10, 15.631; _steady: Egzs. 8.051 dy; prices un- (Ng butter or ess futures todey) : on track, 160; total U.8. snipment about ' steady: suppiles rather light; demand and trading slow: sacked per hundredweisht. old stock. Idaho russet Burbanks, U. 110, New stock—Al: mm Tl’hlmvhl 1.05; l“orn ong whites, U. 8. commereial, 7%; showing decay, 60a85; Idaho Biles " Trjumph 1. 1.80 Oregon Bliss Trlumuhs Missouri_cobbler: (,nd!fl 70a1.00: irginia cobbler: prices un- ama bar o‘ink “decay. 1.75. 100 TONS OP LEAD SOLD. NEW YORK, July 27 (#).—The St. Joseph Lead Co., reports that 100 tons of pig lead from Southeast Missouri mines were sold yesterday at $4.00 per | hundred pounds St. Louis. FEDERAL LAND BANKS NEW YOH-K July 27 (#.~—Federal Land Bil Asked. y, 1642 uoumber, 1056~ 1067-37 57 £3 10406-4¢ - 45 1055-45 4 vem 4 Ju 3Vs 195 8 July, —e U. 8. TREASURY NOTES. (Reported by Chas. D. Barney & Co.) _5,, 2R22228 .-;n 5555555 XRE22SRE SSoe55000 3 23 53553 322832 555 32533 »—.....—._.-...._—__—.....»-—. 4t et et e 8 MONTREAL SILVER. MONTREAL, July 27 (. —auv T g.t\trel E.lond sund!. unchnnud to ROk Jes S les. 5 contra September _ Secember 6940 6590 69.00 December b—Bid. SIS A TO DIVIDENDS ANNOUNCED NEW YORK, July 27—Dividends do- :pro by the ndard Sta- tfnm Corp): o Pe- Stk. Rate.rioe.reco ’":fll"fi:all.l D..12c_. 821 Omitted. Wat Weaving 7% pr pf Aceumulated. X T ¢ 1 7-81 . 5 8-15 ppleton pf i Baper thirty-second | Chile 6s 81 Jan Chile 68 61 Febr. Chile 6s '61 Sept. Chile 88 ‘62 Chilean Mun L 78 '60 | Colombia 6s'61 Jan i Colombia 6s'61 Oct ._ Copenhagen bs 52 | Costa Rica 78 ‘51 A May coupon on . Denmark 413s ‘62 | Denmark 5%s ‘55_ Denmark 68 ‘42 Dominic 2d 5%s 40 _ Elec Pw Ger 81850 Gelsenkirchen 6s ‘34 Ger C Bk A8s'60 July Ger C Bk A 6s 60 Oct Ger C Bk A 1s'50 . Ger Gen El 6s 48 Ger Gov 5':8 ‘65 = | Ger Prov & City Bk con Ag 6148 '58 Ger Rep 75 "4y GriBré&Ir5is 37 . ltaly 7861 | Ital PUCrd 7s'52 | Japan 65 '54 | Lombard El 7s '52 Mex Ir 435843 asst_.. Milan 61ps Minas Gers 648 58 Sept coupon off ... Montecatini 7s ‘37 Montevideo 78 '52 | New So Wa | Nord Ry 6% | Norway b%s 65 orway 63 43 Norway 68 44 | Norway 6s ‘52 Norw Hy EI 5'4!‘51_ Oriental Dev 6s ‘53 1124 691 5512 106% 107 101% | 97‘/; 15‘ 16% Peru 7s ‘69 Rome 643 ‘62 Rumania 7s ‘59 Aug coupon oft __ | Sao Paulo St 6s ‘63 July coupon off . Sao Paulo 8t 7s '40... o Paulo St 8s ‘50 July coupon off _. | Taiwan Elec 6%s ‘1. Tokio 513 '61 Tokio El Lt 6s ‘53 Un Stl Wk 63%s 'n A | Yokohama & Adams Exp 4s 48 __. Aller Corp §s 49 Alleg Corp §s ‘60 Alleg Corp B8 'b0 stp Alleg & Wegtn 4s'98 Allied Stores 4348 50 Allis Chalm 6s 27 . Am Beet Sug cv 6s'40 Am & For Pw bs 2030 Am 1 GCh 6%s 49 Am Int] 6% s 49 Am Roll Mill 4%s '“ Am Smel! & R bs AmT&T 4%s 39 AmT&Tcltrbs IC | AmT & T 6%s 43 Am Wat Wks 55 '44 Am Wat Wksés 75 Armour & Co 4%s ‘39 Arm of Del 538 43 Armstrg Cork 58 ‘40 A T&S Fead 4 A T&S Fe gn 4 A T&S Fe 4%s 48 Atl Coast L 1st 4s '52 Atl Coast L clt 4s 52 AtICLuné'%s 64 Atl Coast L cit bs 45 Atlantic&D 1st ¢s 48 AtlG & W 1 5s '59 Atl Refin deb 63 '37__ B&O 1st 4548 106% 106% 108% 108% 105 106 110% 110% 107% 93% 1% T4 9% 29% 41% 107% 107% 102% 102 102 b54% 5896 ref 582000 D . B&Oref 68’95 C B&O PLE&W V 48’41 B & O Swn bs ‘50 Beth Stl p m,5s 36 Beth Sti rf db 58 42 Bos & Me 63 67 Bklyn M T 68 49 A _ Bkiyvn M T 6s 68 A _ Bklyn Un El bs 60 Bklyn Un Gas b Buff R&P con 4 Bush Term 1st 4 Bush Term cn 5s ‘66 Can'dian Nt R43 8’51 Can'dian Nt R4 ' Can'dian Nt R4 1 Can dian Nt R4 34867 Can'dian Ntss'69July Candian Ndb6%s'46 124 124 124 Can'dian Nr db 0 104% 104% 104% Can'dian Pc db4sperp 8 Can‘dian Pc 415 80 Cent of Ga 1st 5s’45_ Cent IlE&G Cent N Eng Cent of N J gen Cent Pac Istrf 48 Cent Pac 5s '60 | Cert'd deb 6%s 48 Chesap Cevel bs'44. Chesap Corp 53 47 C&Oxendles 92, C&O4%s'93 A Chi & Alt ref 3s n Ch1 B & Qzen ChiB&Q4%s "’l Chi B&Q | dv l\&l kil Chi & B 11 5 Chi Grt W 48 Chi Ind & Louis 58'47. CM&SLP b8 76 CMStP&P ad) bs 2000 Chi & NW 418 2037 Chi & NW 41382037C. Chi& NW 4% 549 __ Chi & NW gn b8 Chi & NW rf bs 2037, Chi R 1&P rf 48’34 cf C R I&P 415 ‘52 ctfs Chi T H&S 18t b8 Chi & W | eon 4s C&W1 Istrf5%s62C Chile Cop deb bs | Clev Un Ter 7 Clev Un Tér 6313 B Clev Un Ter 5%s'72A Colo [ud cl tr 55 34 ColumblaG& B 5s 52 May Columbla GQI bs 61 111% 111% 4% T4y 105% 105% 107% 107% 109% 109% 109“ 106 106% 106% 61 60% 60% BT% 87% 87% 40% 40% 40% 111% 110% 111% 4 103% 103% 108% 112% 112% 112% 110% 110% 110% 114} 114 114% B1. 95% 95% 95% 53 53 68 101% 101 101 9 101% 101% 10i% 86% 86% 86% 88 82 33 10734 107% 107% 106 104% 105 1173 117% 117% 110% 110% 110% 456 4% 46 107% 107 107 107 107 107 1043 10415 104% 10% 10% 10% 99% 99% 99% 103% 108 108% 27 26% 27 91% o1& 91% 80% 90% Con G N Y dbs%e4b Consumers Pw b8 62 2 108% 106% 105% 105% 106% 105%: 7 BONDS ON N. Y. THE EVENING STAR, WASHINGTON, STOCK EXCHANGE BOND AVERAGES Today's close.. 110.4 Month ago. 1103 1935 high. 1934 high. 1928 high High, Low. 92% 91% 106% 108 101% 101% 2% 42 48% 48% 108% 108% 8 18 27% 27% ™ T 111% 111% 104% 104% Cuba Nor RR 6% CumbT& T 6s 37 Del & Hud ref 4 t'l. Duqu Lt 1st 4 E Tenn lien 68 ETV&Gaen Erje gen 4a ‘96 Erteref 6375 Erfe & Jersey 6 '55_. Fla EC Ry 6814 Fort 8t Un D 4%s'41 Fran Sug 73842 GalvH& Hb5%s'38 Gannett 6s°43 Gen Am Inv b8 Gen Steel C b3 s Gen Thea Eq 6s 40.. Goodrich 68 ‘45 - Goodrich 6%s 47___ Gould Coup 6s ‘40 & 1 G‘N Rref 4%s m N R gen 6873 C GtNRb%s'62B GtN R gen7s 36 A__ Green Bay 58 62 B Har Ry-P C 1st 48 '54 Houston Oil 5% s 40 Hudson Coal 5s ‘52 Hud & Man ref s ‘87 111 Bell Tel 68 56 [11 Cent coll tr 45 '52_ 111 Cent col tr 4s ‘63 {11 Cent ref 4s ‘55 1l Cent 4% 66 | Ind IN&La 1st 4 ICC&StL NO 4 1CC&St L NO 5e '63 111 Steel deb 435 "40 Inland Stl 4%8 18 A. | Int RT 1mtrf bs | Int RT 6832 1 Int Gt Nor 68 °'62 A .. Int Hydro E) 6s ‘44 Int Mer Mar 6= Int Pap ref . IntT&Tcy 4%s'39. IntT&T4%s 63 | Int T& T 58 65 James F & C 4539 | Kala Alleg&Ge 58 '33 KanC P & L 4%s'61 Kan C Sou 1st 33 '50 | Kelly 8pr T 6 | Ky&lInd T 4%s '61._. | Lactede Gas 58 ‘39 | Laclede G 5345 60 D Laclede G 51553 C. | Lautaro Nitr 68 54 .. Leh Val Coal 5844 | Leh Val Coal eh Coal 55 '74.. Leh Val Har 5s ‘54 Leh V Pa con ¢s 2003 Leh V RR con 58 2003 Lorrillard 7s 44 La & Ark 5s 69 _ L & N unif 4s 40 L&N4%s2003C McKess & R 5% 50 Manati Sug 7368 '42 Marion St Sh 6s '47 Market St Ry 78'40 A Mead Co 6s ‘45 = Midvale S&0 58 '36 .. MIIER&SLS MStP&SSM cn MStP&SSM 8 MBStP&SSM rf MoK&Tist MoK&T 4% | Mo K & T ad) 5 61 Mo Pac bs 7'l F. 8G Mont Pwr 6s ‘62 A Mor & Esx 33%s 2000 Mor & Esx 4 (1] Mutray Body 6%s " Nat Dairy 6%s'48 Nat Dis PC4%s '45. Nat Steel 48 60 New E T&T 1st 58’52 New J P&L 43860 NewOr PS5s 52 A . New OrPS6s'66 B New Or Ter New Or T&M § ent rf 448 2013 Crf4%s2013n Cent ref 55 2013 NYC&StL 41878 __ NYC&StL 6%s 74 A NYC&StL 1st 68 '35 N Y Conn 1st m,- 53 Edison Edisref 8%3 41 G El H&P 107 107 111% 111% 111% 111% 2 9% 1061 106% 90 89% 14% 14% 101% 101% 381, 384 2% 2% 106 104% 87% 87 95 94% 95 9% 100% 100% 106% 106% 112% 112% 98y 98% 98Y% 984 98% 98% 81% 81% Niag 8h 638 '50 Norf So 1st ref b North Am Co 1 Nor Oh 1st 5s'45 ct st Nor'n Pac gen 3s 2047 Nor'n Pac 4s ‘97 Nof'n Pac 4148 2047_. Nor'n Pac 58 2047C .. Nor'n Pac 58 2041 D Nor'n Pac 6s 2047 Nor'n 8t P 1st5s'41A Ohio Pub Ser 7%s'46 Otis Steel 63 '41 Par-Pub 5%s ‘50 cfs Par-Pub 6%s '50 filed Parmelee 6s ‘44 Penn Dixie C Penn R R con 4 Penn RR 4348 81 D 115% 1158 103 102% 108 106% T4% 4% Pere Marqg ¢%s 9% 70% Pere Marq 1st 58 '56. 90 89 Phila Co 6867 Pbila El Co 4871 Phila& RC&16s'13 Phila& RC&16s 49 Phillips Petr 6%s'39 1021% 10215 Pllisbury FI M 108% 105% Pitts&WVa 4% B8Y% B58% Port Gen El 4348 0' 8% ’:8 0 Reading R 438 Rem-R 5% 847 A ww RIASL 1ot 4%s 34 St L IM&B R&G ¢x'33 BrL-SF 4860 A StL-SF 4%s'78 8t L=W lltl.l' n'u 8" Sharon S H 5% 48 __ 10 Ralls. Indust. +.3 815 812 826 85.6 6.4 Close. 92% 106% 101% 42% 48% 106% 78 27% % 111% 104% 261 i 38% 12% 26 26 1084 95 9315 84y 130 103% 100 108% | 121% 105% 111% 111% 80 20 106% 89% 4% 100% 106% 112% 984 98% 98Y 81% 115% 102% 105% 4% 9% 90 1021 105'% 581 3% High. Low. Clese. 104% 104% 104% 8B 1014 101% 101% 101% 101% 101% Skelly U1l 6%s 39 102% 102% 102% 8o Colo Pwr 6: .'61 A. 9 99% 99% 9% 8o Pac ref 4s ‘55____. 98% So Pac 48’68 8o Pac 4%8 6! So Pac 414881 80 Pac Ore 4 %877 SoRyM&O4s'38 __ Southw Bell T 68 ‘64 Spokane Int b8 ‘55 Stevens Hotel 68 '45._ Studebaker cv s ‘45 Swift & Co3¥s Tex & Pac 8 '79 C Tex & Pac6s'80 D__. Third Av ref 4s ‘80 Third A ad in ex hs'60 Toronto H&B 48 '46 . Trumbull Stl 65 40 _ |UnEL&PS%s 54 _ Un Pac 1st 48 47 Un Pac 18t rf 4% 2008 Un Pac 4138 '67 Unit Biscuit 5550 Unit Drug 53 '63 U S Rubber Univ Pipe & Utah L& T 5. Utah P& L 6s'44 Ut P & L s '59 ww._ Vanadium cv 58 41 Ver Sug 18t 7s’ Va E&P st rf bs Va EI&Pr 618 ‘44 | Va Ry Lst bs Wabash 5s '76 B ctfs. Wabash 5580 D _ Wabash 1st 5s 39 Wabash 5%s'75 Walw'th 6135 '3 | Warner Bros cv Warren Br cv 6s'41 W Sh 1st 43 2381 gtd | West'n Md 15t 4552 | West'nNY&P gn 4n'42 w n Pacbs'46 A West'n Pac 58'46 A as West'n Un 5851 West'n UIn 5= ‘60 West'n Un 612838 Wheel Steel 4138 ‘53 V\mu S M 68 40 p Stl con 7. V Sp 8t 1st 7s '35 ct Wilkes B&E 15t 5s'42 Wilson&Co 1st 6s '41 lflfl' Youngtn S&T 68’78 A 981 WHEAT REFLECTS SHARP CROP CUT 105% 111% 106y 106'% 9% i 102% 100% | 86 15% | 15% 3 43 i 1081 981 ‘35 ct Slashed in Two by Rust and Drought Conditions. BY JOHN P. BOUGHAN, Associated Press Marke: Editor. CHICAGO, July 27.—Spectacular ' .| sudden breaking up of a brilliant | Spring crop prospect is just now the mnjnr market influsnce rmrdlnl wheat. Approximate unofficial estimates | are current that thes 1935 expected | bumper yield of domestic Spring | wheat has been cut in two by black | rust and by drought, making the loss in this country 136.000.000 bushels. Canada’s wheat crop losses are present figured tentatively as 100,000, | 000 bushels, and neither in this coun- | try nor in Canada has the damage | yet been halted. Crop experts find tnat the bla: rust, first discovered weeks ago near Springfleld, Ill., has apparently swept like wild fire througn the wheat flelds Northwest. Making matters worse are accumulating reports of much smaller | | | than were looked for. Market Goes Higher. Compared to one week back, the wheat market here wis 45,-57; cents higher this morning, with corn vary- ing from 1 cent decline to 1l ad- vance, oats -3 up, ana provisions showing a rise of 15 tu 53 cents. Inasmuch as black rust will be able to cause damage for one or two weeks crop experts are refusing yet to com- mit themselves as to the final harvest outcome. various quafters is attached to high premiums that are being paid by millers in all of the leading markets for hard Winter wheat especially de- sired for flour making. In this con- nection, particular notice is taken that the $1-a-bushel goal often sought by farmers has just been reached in Chicago by spot cash No. 2 hard Win- ter wheat, a usual contract grade for future deliveries. Rains Hamper Threshing. Aside from black rust, the latest disturbing ¢fop development is that rains almost dally in Ohio have greatly hampered wheat threshing and caused concern about damage to wheat in the shock. This wheat is reported as totaling about 25,000.000 bushels. Advices at hand are that unless Ohio receives clear weather hereafter and plenty of sunshine, the wheat in shock will suffer severe dam- age, 1f the harm is not dlready accom- plished. Corn values reflect rapid progress of the new corn crop. Oats prices have been hoisted a8 a result of buying on the part of previous speculative sellers. Likelihood of big decreases of Chi- cago warehouse stocks both for July and August is giving strength to pro- visions. NEW YORK BANK STOCKS NE' 'ORK, Jul; 27 (#.—New York seliilty Denices” Association: o 2" 3 i « | hamper, Expected Spring Yield Is| yields of United States Winter wheat g‘ \ Bignificance, however, in Det D. C, SATURDAY UTILITIES RETAIN FIRMINESS ON GUR Specialties Also Gain With Alcohols—0ils, Metals » Are Inactive. By the Associated Press. NEW YORK, July 27.—Continued firmness in utility shares and spe- cialties provided the principal trading feature on the curb market today. Alcohols also edged forward, but oils and mining stocks were inactive and mostly unchanged, while some irreg- ! ularity crept into industrials under week end profit taking. Trading was fairly active. Prominent shares advancing frac- tions to around a point included Amer- ican Cynanamid “B,” American Gas, Commonwealth Edison, Distillers Corp.-Seagrams, Electric Bond & Share, Gulf Ofl, Hiram Walker, Tech- nicolor and Sunshine Mining. Small losses occurred in Sherwin Williams, Pioneer Gold, Parker Rust- proof, Newmont Mining and Bunker Hill & Sullivan. Creole Petroleum and Lake Shore Mines were unchanged. Baltimore Markets Special Dispatch to The Star. BALTIMORE, Md, July 27.—White potatoes, per 100 pounds, 75a1.00; Cobblers, barrel, 76a1.35; sweet po- tatoes, bushel, 1.25a1.40; yams, bushel, 1.00a1.25; beans, bushel, 40a75; beets, 100, 1.00a1.50; cabbage, bushel, 15a25; celery, crate, 50a2.00; carrots, 100, 2.0082.50; corn, dozen, 5a12; ergplants, hamper, 90a1.00; cucumbers, hamper, 10a25; lettuce, 75a1.25: lima beans, | bushel, 1.76a2.60; onions, 50-pound sack, 60a75; peppers, hamper, 30a40; | apples, bushel, 25a75; cantaloupes, “0a75; huckleberries, quart, 5al2l3; peaches, crate, 65a2.00; rasp- berries, black, quart, 10a12; red. pint, 10; blackberries, crate, 2.00a3.50 watermelons, each, 15a35. * Dairy Markets. Live poultry—Young chickens, 17a | 21; Leghorns, 16a17; old hens, 16a19; roosters, 10a12; ducks, 12a16. Eggs—Nearby current receipts, per | 28a20; medium, 25 a26; 20a22; receipts. 400 cases. Butter—Good to fancy creamery, | per pound, 25a27; store packed, 14a15; rolls, 14a15; receipts, 577 tubs. Seafood Market. Bluefish, per pound, 2a6; butters, 2a6; carp, 2a5; catfish, 2a5; eels, 3a5; flounders, zas- perch, white, 5al0; | yellow, 5a10; pike, 15a18; rock, 10a15; salmon trout, 10a15: box, 6.00a12.00; 1 croakers, box, 75a2.00; gray trout, | pound, 8a12; box, 6.00310.00; ciams, per 100, 25a75; snappers, 5al0; | shrimp, per pound, 5a8; spots, per | pound, 3a8; crab meat. pound, back- | fin, 45; special, 40; regular, 25a35: claw, 20: soft crahs, small, dozen, 303 36; medium, 60a76: large, frogs, dozen, 1.25a2.00. Tobacco Market. Maryland leaf tobacco—Firm leaf. nondescript, 3.00a4.00; common, 4.00 | 210.00; medium, 10.00a30.00; good, 30.00249.00; fancy, 48.00a52.00; sec- onds, common, 3.00a7.50; medium, 3.00218.00; good to fine, 18.00a40.00. By the Associated Press. CHICAGO, July 327—Suggestions that 1935 is proving to be the worst black rust year ever known found ready credence today, and wheat markets soared excitedly. Only the Government limit on price advances stopped the upward whirl. | At a full 5 cents a bushel limit of advances the market stood nearly 16 | cents up since three weeks ago. General belief was expressed that black rust damage, the main cause of rising prices, would cause the | United States to keep on a domestic ' basis and that Canada’s recent huge | surplus would no longer prove a burden. Because of heavy profit taking wheat reacted somewhat at the last ‘and closed unsettled 27-37 net higher, September, 92%a93%; corn, %-1%3 up; September, 33-114 advance, and provisions show- ing 15 to 35 cents gain. VHEAT— Oven. High. Low. | | Close. ;T longer, if not more, the majority of | peat B Sept.__ llulb 18230 18.00 Chicago Cash mrm. -Cash wheat—No. 2 red, 94; No. 2 hard, 1.02%21.08; No. 1 red, tough, 92%a93; No. 4 yellow, hard, tough, 96%; No. 2 mixed, tough, 1.00; No. 3 mixed, tough, 1.03%. Corn, No. 1 'yeuow. 8714; No. 2 white, 89; oats, | No. 2 white, new, 38; new, 34%: No. 1 white, 40; no rye; no buckwheat; no soy beans; barley. nominal, feed, 34a 45; malting, 42a53; timothy seed, per hundredweight, 3.45; clover seed, per hundredweight, 12.50a17.00. e LEAD VOLUME MAINTAINED. NEW YORK, July 27 (®).—F. M. Carter, president of the National Lead Co., reports that the company busi- ness in July has maintained the June level, which was the best of the year to date. The company's prospects for the immediate future are favorable in Mr. Carter’s opinion. Washington Produce 02 score). seore). e-pound p uu tub. 25; 1-poun ‘ Brinte tub, 24: 1-pount f‘.%‘li g 2 G 5 }:é?? ?r:?l. ; 215; i I.S. u of i nflbl m.‘flqlll een v:n’m slates arke: 'Bfi-b to, ited dozen, 22a24; hennery whites, large, | Southern, | 1.25a1.40; | T77Aa78; oats, | JULY 27, 1935. FINANCIAL. NEW YORK CURB MARKET By private wire direet to The Star. Stock and Sales— Divideod Rate, Adq 00. Bist. Low, Close. Acme Wireal2%ks 1 121 Aero Supply (B) 1 Afnsworth (a1%) 2 3 Ala Pow pf (6)__. 308 Allfed Intl Inv 2 Allred Mills(s25c) 5 Alum’'n Co of Am_200s Alum’'n pf (1%). 200s 9 Alum’n G'ds (40c) Am Beveraj ‘Am Citles PEL B Am Cynam(40¢)B Am Gas&E (1.40). 12 Am G&E pf (8) B0 lM% 100“ l“% Am Laundry (40¢) 100; 16% Am Superpowe: 33 1% Angostura (t20c). 1 6% Ark Nat Gas A & Ati Coast Fisher_. 1 Bl Ax-Fisher(3.20)A 108 % Bliss Co (E W) 30 3 Bower Roll B 508 Buf N&EPpf Butler Bros __ Carnation Co (1) . Cent Hudson G & 61 % 2 7 [] % 1% 8% Am Lt&Tr (1.20) . 11% Am Superpw pt _ 4 19% Appalachan Elec 100| lM 100 100 El npmsc)' G % Atlas Corp - - 22 10% 8% Baldwin Lbdrts. 20 Blus Ridge Corp... 9 Bridgeport Mach_ 11.60) Can Marconi Carrier Corp.. Am Meter Co 268 13 Am Super 1st pf. 2 64% Pwrpf (7) Al 2 ’ l ’ As30 G & B (A) & Auto Vot M (50¢). 1 83 Bickfords Inc (1). : Blumenthal 8. 1 Buckeye P L (3)_ Bunker Hill&Sul_. Carib Syndicate _ Catalin Corp E ctfs (80c) CP&L 7% pf 31%. 25- Cent States Elec_ 2 Chiulds Co pt 90s Cities Service 19 City Auto St(60c) 1 Claude Neon Lt 1 Clev Elec Iliu Clev Tractor Colon Ol Colts Pat F A 1% Columbia Gas & Eleccv pt (5) Com'with Ed (4). Como Mines Consol Alrcraft { 9 1768 2268 | 81 115 3% 4% | 16 I 12% | 20% 2015 Crocker Wheeler_ Croft Brewing _ Distilled Liquors. Distillers C-Seagr | Doehler Die Ci Driver Har( Eastn G&FpfA(8) Liastn States Pw H £ 47" 97-. 58 66 Slec BA&Sh pf (5) | Llec Bd&Sh pf (6) | Elec Pw&Lt 2 pf A — 12% Elec Sharehld'g pf ws (i133)_ 1768 Emp G&F 1% pt_. 50s Equity Corp 5 European Elec Ltd bd rts | Ex-Cell-O A&Tool Fairchild Aviat'n Fedder Mfg (A) Ferro Enam (60c) Fisk Rubber Flintkote (1) A__ Fla &L pf Ford Mot (Can) (1%) A Ford Mot (Can) B (1%) Ford Mot Ltd al77e) Forem'st D pr p( Froedtert Gr & M conv pf (1.20) | Glen Alden C (11) Goldfield Consol Grand Rap V aé0c Great Atl & Pac Tea 1st pf (7). Gulf Ol of Pa. Hartman Tob _ Harvard Brew | Hecia Min (a10e). Hudson Bay Min & Sm(a50c) Humble Ol (1)._. FEARS OF CHAN 82 22y 1% & 1 8% | v 126% 127% 60% bl 1% 2% 1% 15' 56% 2"1 114 et 22 1% 4 56% 15% 56% States’ Is Less Severe Than First Expected. Special Dispatch to The Star. NEW YORK, July 27.—The burden on chain stores- of criminatory tax legislation will be less severe than was feared earlier this year, according to the Standard Sta- tistics Co. of New York. Only four ® | States have actually enacted such legislation so far this year—California, new laws, and Florida, which passed a drastic law supplementing the law formerly in effect. Of the three State Legislatures still in sessicn, only Wisconsin is con- store legisiation is probable before the Legislature of that State adjourns. maximum tax per store under the laws in each State, with the number of stores which must be included in a single chain in order that the max- imum rate shall apply. Tax Base 20000 300.00 00.00 00.00 50.00 leyllnd Michigan Minnesota Montana _ North Carolini South Carolin; wu h Dakot, est Vlmfl sunSgllection restrained by temporary in- uncti In and outside of Etate. In each case, smaller chains pay & lower rate per store. As the taxes are based on the number of stores, grocery chains, which average smaller dollar sales per store than other types, are most severely affected. In many cases, the heavy tax per store has caused the closing of units which do not do a sufficient volume of business to pay the tax. CROWN CORK & SEAL PLANS NEW CONTAINER Special Dispatch to The Star, BALTIMORE, July 27.—Plans of the Srown Cork & Seal Co. for the produc- tion of a new type of metal container m moving forward rapidly, according to Charles E. McManus, president of the company. Machinery for manufacture of the containers, which will produce at the rate of about 1,000 per minute, is now m built for the m and be completed within mnu. The company is expected to an- nm,m-umumnnu.-m- | posal for the re: Inc of its out- standing bonded debt. -unl-u- nuumumencwob-uy Mlmfl.lurlyln,w fay, ! 17% | TAXES DIMINISH Store Legislation heavy dis- | Towa and South Dakota, which passed | sidering such a law and some chain ' The accompanying table shows the | Stock and Sales— Dividend Rate. Add 00. High. Hygrade Syl (2)_ 1758 34 11l Pw&Lt $6 pf_. 1008 29 ‘| imp O1l Ltd ‘coupon (t60e) ... 1mp Ol Ltd reg (160c) - intl Mining(a30e) intl Mining war._. intl Petr (11%) Intl Util (B) Interstate Power (Del)pf. . ... 60s Jersey Central P&L pf (5% ).. 2608 Jersey Central F&Lpf (6) ... 208 208 8 Jones&Laugh Stl 50s 2 1 2 1 82 21\» MARYLAND BANK GAINS REVEALED Deposits Register Climb of $20,609,202 During First Six Months. By the Associated Press. BALTIMORE, July 27.—Improve- | ment in firancial cond'tions in Mary- land was indicated in a statement frony the office of John J. Ghingher, bani Kirby Petr (al0c) 1 Knott Corp 1 Lake 8hore M(12) 2 0 ifl'. A‘ m 7'1 60 " L& MeW1ll Dredg (1251008 Mangel Stores._.. 3 Mangel St pf ww_ Mavis Bot (A)(d) Mem Nat G(al0c) Mercantile 8t (1). Middle W Ut (d).. Midland Stl Prod. Mohawk H 2d pt 1001 Molybdenum .. Mount & Gulf Mount Prod (80c) Nat Bella Hess Nat Fuel Gas (1) Nat P&L pf (6) Nehi Corp NJ Zine (2) .. 2008 N Y & Hond (11). 2008 Newm Min (1) . Niag Hud Pw Nlagara Hudson Pw (A) war Niag ShMdB __ Noma Elec Corp . North Am L&P _. Nor Am L&P pt__ 1008 Northern States Power (A) Northwest Eng. | Novadel Ag (2) Outboard Mot A __ | Pacitic sastern_ PaciicG& E 151 pf (115) 3 Pac Light'g pf (6) T5s Puc Tin spec (1) 2508 3 | Puntapec 011 17 | Parke Davis (t1) 1 | Parker Rust (13) 1508 | Penn Cent L& P | »f(280) | Pennrvad Corp Pivneer Gold Mines | Ltd (8vc) - | Pitts Plate Gt2) | Premier Gold(12c) | Pub Svc Ind §7 | _prpf 1 | Puget Sound Pw & Lt $5 pt | Puget Sound Pw & Lt 36 pf | Pyrene Mfg(a20¢) Kwy&Lt Secur Root Petrolmeum. | Rossia Inti Corp Hoyal Typewriter | Ruberoid Co (1) . 2258 St Regis Paper 1 St Regis Paper pf 30s SaltCreek P(8vc) 6 Seiberling Rubber 1 Selected Indus 2 | Selec Industries allot ctfs (3%) 100 | Selec Ina pr (335) 10 Sheaffer Fen (al). Singer Mfg (16) Sou Penn O (1.20) Southn Calif kEd vIB(1%) Souyland Riv20¢) 8q Deal pf A 2.20 Stand Inv cu pf Stand Oil Ky (11) Stand Oll Nebr___ Stand Pw&Lt Stand Pwé&Lt pf Stand Stlver & L._ | Starrett Corp pf__ Stutz Motor . Sun Investing pf._ Sunray O11 o | Sunshine M(1.20) iswm int (2) Swiss-Am El pf__ | Tumpa Elec (2.24) | Technicoior Inc - Texas Gulf Prod Trans-Lux Daylite | _ Pic Sn (20c) Triplex Safety Gl (847 1-10¢) Tri-Contl C war__ Tung-Sol Lamp Tung-Sol L pf (3) Unit Corp war Unit Dry Dock(d) Unit Founders Unit Gas Corp Unit Gas Cor war Unit Gas Corp pf Unit Lt&Pw (A). Unit Li&Pw B Unit Lt&Pw pf Unit Molasses Ltd (adsc) Unit Shoe Mach U S Feil (6ic) B (123) Univ Prod (a8ic) . Utiliues P&L Utilities P&L pf 400s Utility Eq pf(3%) 26s Utility & Indus 1 Utility & Indus pf Venezueia Petrol. Walker (Hiram) . W Va Coal&Coke Westn Air Exp(n) Woodley Pet(40c) Wright Harg t4ve Y ukon Goid 10% 1 17‘1 34 18% % 5% 2 18% 73 4 61 47 26 21 1 1008 1 4 3 1 1 2 3 3 1 1 . . 508 6 e 2 3 108800 300 4 23% 234 24% 2 100s b0s 3 1 1% 62 1t 1% 2642 4 2% 5% T 1% | 2 1 6 6 1 1 0 10 T 2 1% 1 [ imet ¢ Semi-annusl Parments dlvmlflfll T AT et X ol | year” dCompanies repo; g in receiver- hip or being reorganised xEx dividend District of Columbia, Nea: Terms from Property Management Automobile Insurance Mortgage Loans 925 15th St. N.W, Dmdnnu um n dollars based on the | commissioner, showing a definite in- | crease in bank deposits. | The gain in deposits of all Mary. | land State banking institutions fol | the first six months of the year wat | listed at $20.609,202. This figure wasy | divided between an increase of $18,- 029,350 for 127 State banks and trust ‘compnmex and $5,579,852 for 13 mu- | tual savings institutions. | Demand deposits of the State banks and trust companies as of June 29 were $116,441,526. Time deposits amounted to $98,702,458. Total re- sources of these institutions were list- ed as $277,602,739 On deposit in the mutual savings banks was $205,882,688. Their re- sources totaled $228,828,217 Abstract Is Released. The following abstract of reports of condition of the 127 State banks and trust companies and their branches & at the close of business, June 29, was released by the bank commissioner: | RESOURCES. cash on hand Due trom Reserve agents Exchanges for clearing house Due from othe Checks and, ca Lo d dis 49,304 51 53.128.345 obiigations stocks and se- Customers” liability on let- ters of crecit Interest earned not collected - participations. 204 LIABILITIES. Demand deposits Due to Resi Bie o other banks Time deposits Capital notes or debent: Capital stock Bur lus tv xd-d " profits. re: te Re-eives for int e 4,328,802 4113158 Unearned interest ___ ___ ¥ g Bills pasable Notes rediscounts Letters of erec: Mortgage participation Teerty other Nabilities 22222 Total S 7 Savings Banks Report. Abstract of reports of condition of the 13 mutual savings banks of Mary- land at the close of business June 20 RESOURCES. Collatera] apnd other loans tocks. bonds. securities, remium _account Bapkine houses {urn fxtures Other real rents owned Mn'nl es and judgments of eic ure and and ground Cash on hand and o banks scellaneous as: Total LIABILITIES. Amount due depositors_ Quarantee fund Undivided surplus Reserves for interest _ $203.882.088 3423 Total oo " NORTH AMERICAN PLANS NEW PLANE FACTORY By the Associated Press LOS ANGELES, July 27.—North American Aviation, Inc., an affiliate of General Motors, will construct a $500,000 plant here for turning out | airplanes for the Army and Navy, J. H. Kindelberger, president of the corporation, announced. He said production would include $1,200,000 worth of Army and Navy business. INDUSTRIAL ALCOHOL NETS 70 CENTS A SHARE By the Associated Press. NEW YORK, July 27.—United States Industrial Alcohol Co. reported for the first six months of 1935 a net income of $275,539, equal to 70 cents a share | of capital stock, compared with earn- | ings of $352,274, equal to 89.6 cents & share, in the first half of 1934. STEEL SCRAP ADVANCES. NEW YORK, July 27 (®).—The Pittsburgh market continues to lead the general rise in scrap steel quota- tions, showing another gain of 50 cents to a basis of $13.00-§13.50 a ton for No. 1 heavy melting material. In the past week this market has climbed $1.25 a ton. First MorTcaGE LoANS rby Maryland and Virginia 5% 3 to 15 years RANDALL H. HAGNER & COMPANY INCORPORATED MomTasom LoAN co--n-nm 1321 Connecticut Avenue N.W. Telephone: DEcatur 3600 Mortgage Loans Fire Insurance Let us explain the attrac- tive investment features of our First Mortgages. May be had in multiples of $250. B. F. SAUL CO. REAL ESTATE Mernerien'Seaes National 2100