Evening Star Newspaper, July 29, 1935, Page 14

THE EVENING STAR, WASHINGTON, D. O, MONDAY, JULY 29, 1935. TRANSACTIONS ON THE NEW YORK STOCK EXCHANG Prey. 1035 Stock and Prev, 1930 Stock and Sales— L Low Dividend Rate. Add 00. High. High. Low Dividend Rate. Add 00, 8% Intersttae Dep S 9 10 4% R R Sec 111 Cent__ 13% 6% Intertype (a20c) _ 1 36 25 Island CreekC (2)_ 24 6215 38% Johns-Manv (a26e) 31 738 50 Jones&Laugh7%pf 450s 8% 3% KansCity Southn . 6 18% 6% Kans City Southpf. & 12 9 FINANCIAL. E RALS LEAD RISE £ ON STOCK MARKET ™% Th+1% 19% + % 38% +1% Many New Highs Reached, With Gains of 1 to 2 or More Points. A—14 #xx» FINANCIAL. TRADING ACTNE OND.C.EXCHANGE Capital Traction 5s Quoted at 993/, to 9974, Against Previous 9972. BY H. B. ROGERS. Trading was active on the Wash- ington Stock Exchange today, for the Summer session, with utilities not only holding their own, but showing some improvement. Capital Traction 5s turned over in three transactions, ranging from 99% to 997, compared with previous sale of 99';. Capital Transit stcck went at 20, no change. Washington Railway and Electric 4s were up a fraction to 105 in two sales. Potomac Electric 5ls preferred was up half a point to 115, while the same company’s 5 per cent bonds went at 103%, same as last prior sale. Riggs Natidnal Bank preferred stock sold in three lots totalling 25 ire direct to The Star. oe By private wire di Low. Close. Chge. Stock and Net. Prev. 10356 High. Low. Dividend Rate. 114 110 Abr & Strauss pf(7) 62% 51 Acme Steel (f2)._.. T4 AY% Adams Express 84% Adams Exp pf (5) - Add 00. High. Low. Close. Chge 208 113% 113% 113% + % 1 Th n STOCK AVERAGES 30 15 15 60 Net change. +8 +9 +5 486 Today, close.*64.5 *34.1 %472 Previous day 63.9 336 Month ago.. 60.3 325 Year ago 474 216 1935 high... 645 341 1035 low ... 405 216 1934 high .. 614 40.6 1934 low 453 % + % 10 2% - % 3 175% + % 6815 <3t 68 4% 87 24% +1 23+ % 60% + % 547~ W 5 +1 39% S * 71% Remington-R 1st og’h(al5e) - 3 414 Advance Rumley . 2 Red NotexCar. 149% 104% Air Reduction (13). 1% % Air-Way Elec Appl- 201 15% Alaska Jun (160c) 3% 1'% Albany Wrap Paper 17 % Alleg Corp (d) . T 2% Alleg pf w$3ow (d). 12% 6% Alleg prp!f (d) .. ... 3013 21 Allegheny Stl (1) 160% 125 Allied Chem (6) 127Y%; 122% Allied Chem pf (7). 64 3% Allied Stores 617 49 Allfed Stores pf (5) 27% 12 Allis Chaimers 20% 14 Alpha Port Cmt (1) 3% 2% Amal Leather e 70% 481 Amerada Corp (2).. 57% 41'% Am Ag Ch Del (2) . 29 13% Am Bank Note 36% 21 Am Brk Shoe (1)... 145 110 AmCan (t4) 21% 10 Am Car & Foundry. 54% 25 Am Car & Fdry pf 14% 8 Am Chain 96 66 Am Chicle (13) 33Y% 22% Am Comcl Alcohol. 17% 6% Am Crystal Sugar . 57% Am Cryst S pf (a3). 75 AmCrysSistpf6. Am Encaustic (d).. 12% 7% Kaufmann D S(80c) 20% 15% Kayser(J)&Co(50c) 2% % Kelly-Spring T (d) 20% 6 Kelly-ST 6% pf(d) 23 6 Kelsey-Hayes (A).. 21% 3% Kelsey-Hayes (B).. 96 28 Republic Stl pfeod. 75 RevereC&Bpf _ . 17% Reynolds Metals (1 12% Reynolds Sp (140¢) 554 Reynolds Tob (3) _ 43'% Reynolds Tob B (3) 3- Rutland RRpf - 364 Safeway Stores (3). 10% St Joseph Ld (40¢)_ - % St L-San Fran (d).. 1 StL-SanFrpf (d). 12 LacledeGasStL.___ 4 4 age Ar: 4 | +1 1+ +4+++ FEES Advances .. Declines Unehanged Total issues __ BY VICTOR EUBANK. Associated Press Financial Writer, NEW YORK, July 29.—The rails led the stock market on another upward | push today, and the steels, communi- | cations and scattered specialties joined ™ |in the celebration, Numerous issues registered new highs for the year or longer with the majority of gains ranging from 1 to 2 or more points. The close was strong. Transfers approximated 1,- 750,000 shares. Brokers could find nothing especial- ly in the news to account for the buying wave other than signs of 12 Kelvinator (150¢) .. 84 _ Kendall Co pf (16).. 13% Kennecott C (80c) . 23 Kinney (G R) Co pf. (S8) (1) 0) 1843 618 ®5"8 sERg 1929 high .. % 1927 low -__ 516 (*) New 1935 high. Compiled by the Assocrated Press i T + 21 22% Lambert Co (3) 813 Lee Rub&Tire (50c) 89% Leh Port C pf (3%2) 15 Lehigh Valley Coal. 5% Lehigh Val Coal pf_ 5 Lehigh Valley RR. 67% Lehman C (12.40) .. 10% Lehn & Fink (1%) 2113 Lib-O-Ford G1(1.20) 21 LifeSaver (1.60) . 1% Schulte Retail Strs. 8 Schulte Re Strs pf 55 - Scott Paper (1.80) _ % Seaboard Air L (d). 20% Seab’d O Del (160c) 31 ‘Sears Roeb’k(a75c) 1% Second Nat Inv 123 % 40 Sec Nat Inv pf $2% 7% ServelInc. _ __ __ 9 Sharon Steel Hoop.. 3% Sharp & Dohme . 44 Sharp& Dopf (3%5)_ 7% Shattuck(F G)(25¢) 20% Shell Trad (a1.23.7) Stock and Sales— Dividend Rate. Add 00. High. 7 Consol Cigar 3 8 71 ConCprpf wwél. 3% Consol Film 14% Cons Film pf($1%) 15% Consol Gas N Y (1). 723 Consol Gas pf (5) __ 6 387% 37 39 144% 14214 144% 56 24 21% 24 +3% +3 bl | s % % 38 1 2 1 23% 234 23% 7 1 1183 1181 118% 7 118% 117% 118% ~+ 167% 151%; Ligg & Myers pf (7) 19% 16% Lily Tulip Cup(1%) 2 iner Coi T 241 1315 Lima Locomotive... shares, at 1083. Matta Rejoins Acacia. La Noue Matta, well known in the {nsurance field here, has been ap- pointed assistant to Willam Mont- gomery, president of tiw Acacia Mu- tual Life Insurance, Co. it was an- nounced today. Mr, Matta was with Acacia from | 1926 to 1929, serving as agency super- | intendent. In 1929 he accepted a| position with the Protaciive Life In- surance Co. of Birminrham. Ala. | shortly thereafter beinz named vice president and superintendent of | branches. He now nas rejoined Aca- cia in the newly created post of assistant to the president. Born in Baton Rouge La., and edu- cated at the University of Louisiana, | Mr. Matta specialized in cnemical en- gineering. However. life 1osurance be- came his chief interes:, and in 1915 he joined the Western States Life In- surance Co.. San Francisco, where he quickly gained an executive position. Stationery Sales Rise. An increase of 3.19 per cent in sta- | tionary sales in this district, by 22 firms reporting from Pennsylvania, Virginia, New Jersey, the District o(; Columbia and Maryland, is shown in a survey made by the research de-I partment of the National Stationers'| Association for the month of June,! 1035, as compared with June, 1934. For the first six months of 1935 the | average increase here in the District was 4.36 per cent. ! “Prospects for the Fall look much brighter than they did some time | ago,” says Charles P. Garvin, general manager of the department. { Financing Increases. | The way is being opened for new | ecapital financing, ip the opinion of | the Federal Securities and Exchange Commission, based on a registration of $665,000,000 in new securities for the first half of 1935. | Most of the securities registered, according to the Associated Press, | were for refunding operations—that is the proceeds were earmarked for retiring other securities. ~However, | the commission listed two ways in | which this “wave of refunding” might | help start the flow of capital for new industrial and commercial under- takings. “The first is by clearing up the| high coupon, callable bonds that are still outstanding,” the commission | said. “Only after these high-yield securities have been removed from | the investment field and other in-| debtedness bearing high interest rates | eliminated, is it usually possible to successfully undertake riew financing at low enough interest 1ates to make new capital expenditures desirable and | profitable. | Huge Savings Cited. | “Again, the savings to companies Am European Sec .. Am & Foreign Pwr. Am & For Pw $6 pf Am & For Pw $7 pf Am & For Pw 2d pf Am Hawaijan SS(1) Am Hide & L pf Am Home Pr (2 40) Am International Am Locomotive 22 Am Locomotive pf 18% Am Mch & Fy (80¢) 41 Am Mch & Metals - 131; Am Metal - 1" Am Power & Light Am Pw & Lt $5 pf _ Am Pw & Lt $6 of : Am Radiator 2 » Am Radiator pf(7) . Am Rolling Mills . : Am Seating vie . Am Shipbldg (2) __ Am Smelt & Ref AmS&R 6%l $13% Am Snuff (13) Am Snuft pf (6) __. Am Steel Foundry. Am Stl Fdry pf (2). Am Stores (12) _ Am Sugar (2) ¢ Am Sun? Tob (1) - Am Tel & Tel (9) Am Tobacco (5) Am Tobacco B (5) . Am Tvpe F of (4) _ Am Water Works . Am Wat W 1st (6)- Am Woolen Am Woolen pf Am Writ Pap (d) Am Writ Pap f (d) Am Zine & Lead Am Zinc & Lead pf Anaconda Copper . Anaconda Wire Anchor Cap (60c) - Andes Copper - Archer Dan M (t1)_ Archer Dan pf (7) Armour Del pf (7). Armour of Illinois Armour Il or pf (6) Armour of 111 pf Armstrong Cork 50¢ Arnold Constable . Artloom Corp 71, Asso Dry Goods 807 Asso DG 1st pf(39). 35% Atch To&S Fe (a2)_ 66% Atch To&S F pf(5) 19'; Atlantic Coast Line 6 Atl Gulf&W Ind pf_ 21% Atlantic Ref (1) 4 32% Atlas Powder (2) » 106% Atlas Pwr pf (6).- 15 Auburn Auto 35" Austin N pf A (2) 23, Aviation Corp(Del) _— 11; Baldwin Loco (d) 71: Baldwin Loco pf (d) 71, Baltimore & Ohio 9's Baltimore & Oh pf 361« Bang & Aroos (2%) 314 Barker Brothers 32 Barker Brothers pf 57 Barnsdall Corp 371 Bayuk Cigar (150c) 141 Beatrice Cre (a50c) 11% Belding-Hem (a50¢) 11% Bendix Aviation 15% Beneficial Lo (1%). 34 Best&Co(2) 21% Bethlehem Steel 55% Beth Steel pf(al%) affected through their reiunding op-/ erations, to the extent ihat they are applied to surplus, provides a source | from which appreciable capital ex-| penditures are normally made.” The commission noted that “where- as last year's issues were made up, largely of the common swocks of in- vestment trusts, this sear’s registered | offerings have been, fo the most part, debentures and sccured bonds | of large corporations i the public | utility and industrial fields, always important borrowers in normal capital markets.” The commission saw “what may be the first instance of a secondary movement toward the reduction of dividend. rates on preferred stock {ssues” in the registration by the Commercial Oredit Co. of $27,000,000 of common and 5% per cent preferred stock to be offefed in exchange for preferred issues bearing rates from 6 to 8 per cent. Officials of the Baltimore National Bank, as trustees, today were in con- ference on the problem of how to retire about $325,000 worth of Ana- costia & Potomac Railroad bonds, with funds received from the Potomac Flectric Power Co. for purchase years | ago of a piece of property here in Washington. Holders of these bonds are eagerly awaiting the expected tender. Indications from Baltimore today were that the offer might be forthcoming “within a few days.” Financial District Notes. George L. Starkey, president of the National Bank of Washington, has returned from a few days at Old Point Comfort, Va. Albert 8. Gatley, executive vice president of the Lincoln National Bank, is on vacation at Ocean City, N. J. Four officers of the Riggs National Bank are on vacation: Hilleary G. Hoskinson, vice president; D. J. Calla- han, jr. assistant cashier; R. Eari Haycock, auditor, and Kenneth F. Brooks, trust officer. Karl W. Corby of W. B. Hibbs & Co., is on vacation at Rockland, Me. Richmond P. Davis and John J. McLean, local managers cf Fenner & Beane, members of the New York Stock Exchange and other leading exchanges, are in New York for the firm's managers convention. Eugene. E. Thompson, executive vice president and secretary of the Asso- ciated Stock Exchanges, is on a trip through the West to confer with| several members of the organization. | FOREIGN EXCHANGES. NEW 3 20 (. —Poreil - et FORIS Treat Briiain in dollars in cents, ?rul ‘Britain. demes abln. ‘.f‘“..",i 1“%‘.‘ ::fifln fi,”*. a8 1072 cables. 8.19%2. s:: Ko n’:“lh" 15; "~ Mexico Montreal tn New York. 68744 in Montre: 00 12%. n—Nomj Chicago, Burlington & Co.—June deficit after cl 254,378 in June, 1934. £ 14% Bigelow-San Corp 95: Blaw-Knox 112 103% Bloomingdale pf(7) 72's 28% Blumenthal pf 613 Boeing Airplane 39% Bohn Alum &Br (3) 90 Bon Ami (A) (+4) 21 Borden Co (1.60) 281 Borg Warner (11) 3% Boston & Maine 815 Bridgep't Brass 40c 241; Brizgs Mfz (2) Briggs & Strat (3) - « Bristol-Myers (¥2)_ 26 Bklyn-Man Tr (3) - 90 Bklyn-Man T pf(6). 1% Bklvn & Queens 14 Bklyn&Qpf (2) 43 Bklyn Union Gas(5) 3% Brunswick-Balke. . 4Y% Bucyrus Erie : 814 Bucyrus Eriecv pf_. 3% Budd(EG)Mfg . 23 Budd(E G)Mfg pi 215 Budd Wheel 8y BullardCo . - 3% Bulova Watch 13% Burr Add Mch(60c) 1 Bush Terminal (d) 10 Bush Term B nf cod 1% Butte Copper&Zinc 11% Byers (A M) 32 Bvers (A M) pf ——e 4212 33 California Pke(1%) 1% % Callahan Zinc 215 Calumet & Hecla 71 Campbell-Wy ad0e /% Can Dry G A (40c) 9% Canadian Pacific - 30 Cannon Mills (2) 4% Capital Admin (A) 85 Car Clin&O sta (5) 45% Case (J 1) Co 1. 831 Case (J 1) pf (4) 3613 Caterpillar Tr (1). 1915 Celanese Corp 1% Celotex Co (d) 1% Celotex Co vte (d) 11% Celotex Co pf (d) 221 Cent Aguire (1) 34 CentralRRofNJ. 6% Century Rib Mills _ 28% Cerro de Pasco (4) 3% Certain-teed Prod 23 ‘ertain-teed Prn* 37% Ches & Ohio (2 80) 36 Chesapeake Corp(3) % Chi & Grt West (d) 1% Chi & Grt W pf «d) 5% Chi Mafl Order (+1) % Chi Mi] StP&P «d) % Chi M StP&T of (d) 1°.Chi & N W (d) A% Chi & N W pf (d) 4% Chi Pneumatic Tool 20 Chi Pneu Tool pf - % Chi R [&Pac (d) 1% Chi R 1&P 6% pfd) 1% Chi R (&P 7% pf(d) 25% Chickasha G O (2).. 3% Childs Co = 31 Chrysler Corp (t1). 20 City lee & Fuel (2). 87 City Ice&F pf(634). 12% Clark Equip (80¢) .. 275 Clev Graph Br (11). 281 20 Cluett Peabody (1)- 228 161% Coca-Cola (8) - 18% 15% Colgate-P-P (50¢) . 105%% 101 Colgate-P-P pf (6)_ 9 Collins & Atkman 69% Collins & Afk pf (7) 1 Colo Fuel & Ir «d) 5 Colo F & | pf (&) 10% Colo & South 7 Coln & Sou Ist pf 3% Col Gas & Elec . 35% Col G & Epf A (6). 341 Colum Pie vte (t1)_ 67 Colum Carbon (4) .. 39% Comel Credit (2) .. 56% Comel lnv Tr (2). 9914 98% Com I T cv pf(4%)_. 115% 111 Comel | T cv of (6) 23% - 17% Comel Solv (760c) A Comw & Southern 53% 29% Comw & Sou pf (3) 87% 27 ' Congoleum-N(1.60) 4% Congress 224, - MmO re a0 B o= enaSeSenl PISTOcI o LTI N i a5 - -5 8 wSom X723 )" JEP TN exF" FEE & 14448144 + l++4+1+4++1 L+14+ 4+ - 2E FEFES FEEE L+ S % 9% 112% 112% 4 % 204 20% 1% 1% 49% 50 414 Contl Baking (A) ... 5 Contl Raking (B)__. 623 Contl Can (2.40) 7 Contl Dia F (a30c). 287 Contl Insur (11.20). % Contl Motors = 15% Cont1 O Del(a37%c) 413, Corn Ex BK&Tr (3). 62 Corn Prod Ref (3) 4'% Coty Inc St 357 Cream of Wh (+2) 121% Croslev Rad (a25¢) 231; Crown C&S (1) 4315 Crown C&S pf(2.70) 14 Crucible Steel 471; Crucible Steel pf_ 1 CubaCo 20 514 Cuban-Am Sugar _ 40%; Cuban-Am Sug pf_. 40 Cudahy Pkg (235) 15 Curtis Publishing 8913 Curtis Pub pf (7). 2 Curtiss Wright __ 61 Curtiss Wright (A) 16 Cutler Hammer _— 22% Deere&Co.... __ 19 Deere&Co pf (340c) 231; Delaware & Hudson 11 Del Lack & West _. 35% Devoe & R (11) A _ 26% Diamond Mtch 1115 34% Diam Mat pf (11%) 1 3413 Dome Mineg (t2)... 10 6% Dominion Store: 2 17! Douglas Afrcraft 17 25 13': Dresser M(b113)A . 6% Du Pont de N(2.60) 107% R 147% 22% ar 25% 110% 4103, 3% E 1108 23% 16 T4y tern Roll Mills_ stman Kod (5) R (3 12 3y Eitinzton-Schild . 3 29 194, Electric Auto Lite 4R 112 107 Elec AutoLpf (1). 30a 7 Electric Boat 8% 5% Elec & Mus Ind - 3% 1'x Elec Pw & Lt 2 213 Elec Pw & Lt $6 pf 3 Elec Pw & Lt $7 pf 39 Elec Stor Bat (214) 1% Elk Horn Coal (d) . 1% Engineers Pub Sve. 14 Eng Pub Sve $5 nf 14'; Eng P S $5.50 of ww 15'2 Eng Pub Svc $6 pf_. Tia Erie RR 815 Erfe R R 1st pt_ 6% Erie R R 2d pt 101 Eureka Vac C (80c) 23% 15 Evans Prod (al)... ———— 9% 4 FairbanksCopt - 25% 17 Fairbanks Morse 120 71% Fairbanks M pf 33% 14'; 5% Fed Lt & Tr 3% Fed Motor T (al0¢c) 2 Fed Screw Works _ T4'Fed Water Sve (A)_ 161 Fed'd D Strs (+60c) 2812 Fid Ph F In (11.20). 131 Firestone (40c) 8412 Firestone pf (6) A 45% First Nat Strs (21) 21, Follansbee Bros(d) 974 Foster- Wheeler 60% Foster-Wheeler pf 19% Fourth Nat a1.10. 8% Fox Film (A) . 30% Frank Sim pf $3% 17% Freeport-Texas (1) 15 Fuller Co pr pf.. 4% Fuller Co 2d pf_ —_—— 74 Gabriel Co (A).. 7 Gamewell Co 515 Gen Am Investors 324 Gen Am Trans(1%) 11% Gen Asphalt 73 Gen Baking (60¢) 5% Gen Bronze 2 GenCable 4 Gen Cable ( 19 Gen Cable pt 50 Gen Cigar (t4) - 20'; Gen Electric (60c) . 324, Gen Foods (1.80) __. 1, Gen Gas & El (A) 597 Gen Mills (3) 381 26% Gen Motors (1) 117 1077 Gen Motors pf (5)._. 4 3% Gen Outdoor Adv 17% Gen Print Ink(1.60) 1% Gen Public Service. 13% Gen Ry Signal (1) _. 39 3 29% 3 8 703 | 109 %, Gen Realty & Util. . 14% Gent Real & U pf ww 16% Gen Refractories _ 14 Gen Stl Casting pf_ 12 Gillett Saf Raz (1) 70% Gillett Saf R pf (5). 214 Gimbel Bros .. 18 Gimbel Bros p! 32 23% Glidden Co (1) 109% 1047 Glidden Co pr pf (7) 4% 1% Gobel (Adolf) (d)__ 14% Gold Dust (1.20) T3 Goodrich (BF) . 40 Goodrich (B F) pf_. 15% Goodyear T&R 215 Gotham Silk Hose .20 Gotham Silk H pt 1% Graham-Paige 5% Granby Consol 214 Gramd Union 14% Grand Un pf (1%) . 18% Granite City Stl (1) 26 Grant (WT) (1) 9% Grt Northern pf 9% Grt North Ore (50c) 32% 26% Grt West Sug (2.40) 140 119 Grt West Sug pf(7) 54 . 20'% Greyhound Corp 43% 19 Guantanamo Sug pf 6 4 Gulf Mobile& N __ — 34 30 Hack WpfA (1%). 11% 6% Hamilton Watch 96 63 Hamilton Watch pf 23 16 Harbison Walk (1) 112 - 99% Harbison W pf (6)_. 123 5% Hat Corp of Amer 81 HatCo pfww (6%) 3% 1% Hayes Body 2 162 142% Helme(G W)pf(7)_. 25% 11 Hercules Mot (60c). 85% 71 Hercules Pw (3) _ 81% 73% Hershey Choe (3) _ 118 104 Hershey Ch pf (14) 13% 5% Holland Furnace 11 6% Holland & Son (50c) 41 307% Houd-Hersh (2%) A 18 6% Houdaille-Hersh B. 67% 49 House Finpf (3%). 17% 9% Houston Oil £ 3% 1% Houston Oil (new). 5'% 2% Hudson & Manhat__ 6% Hudson & Man pf__. 6% Hudson Motor Car.. % Hupp Motors . 18 117% 5415 26% 5% 3y 3% 207 20% 29% 29 35% 354 133 3% 24% 17 534 24% 24% 6 33 33% 33 10s 95 95 95 33 20s 112 112 41 11% 113 120s 107% 107 81 3% 3% 10= 160 160 5 23% 13 8 8 1147% 114% 114% 4 13% 14 8% 7% 84 41% 41 41% 1% 17% 1% 67 66% 66% 13% 13 2% 24 2% 2% ™% T 8% 8% 2% 2 9% Illinols Centra) ... 15% 14% 15 Illinols Central pf.. 40 I1l Cent Ise lines(4 231 Indus Rayon (1.68). 60% Lngersoll-Rand (2). 46% Inland Steel (2) ___ 8% Interboro R T (d) - 4% Interlake Iron 25 Int Agricultural __. 184% 149% Int Bus Mach.(16) .. 6% 8% Int Car'rs Ltd (20¢c) 33 22% Int Cement (1) 51% 34% Int Harvester (60c) 162 135 Int Harvester pf(7) 3% 1% Int Merch Marine 29% 22% Int Nick Can (60c) 3 1% Int Paper & Pw (A) 1% 12 ::& 30% 31 145% 145% 145% 1 2% ‘2% 28% 2T% 1% 1 % kel 4% Int Paper & Pw pf 8% 8% 2% Int Ry Cent Am ._ int Ry C A(A)ctfs_ 1 1 58 13 2 37 2 3 7 2 2 23 31 88 5 10s 12 3 1 1 [ 2 21 10 50 1 106 3 2 24 10s 10s % Int Paper & Pw (C) 4% 3% 34 5 3 3 70s 1 12% 3 3n 3NU & B i IR | 44+ 4+ +14+1+ ++400 +11+1 144 +HE L) T 45 -1 235% 22% 231% +1 112 +1 1% — % + + + - & I+ ++1 SERE B8 FEEE +1++ s87e 2 3 &8 - ERESERT BEESE FrF i & 11% 1% 11% + 4% 22% 23% +1% 83% 83% 83% +1i 8 +1 4 3 2% 3 1847 184% 184% + % 81 5% 6% + % 51% B2% +14% 344 440 10845 102 1% 1% 17' Link Belt (80e) .. 241 Liquid Carb (11) 31% Loew’s Inc (2) Loew’s Inc pf (613) 1 Loft ine 33 Loose-Wiles (2) 130 121% Loo: 24 1914 AT% 224 n7 46 130 113 McAnd & F pf (6) 18%; Lor 10% Louisv G&EpfA 115 34 Louis&Nash(a2l). 12% Ludlum Steel 90% Ludlum Stl pf (6%) 40 McAndrews&F(12). 3120 2 45 10s 127 28 McCall Corp 12) X 35 T% McCrory Stores (d) 22 9 63 McCrory Strs B (d). 3 8% 57% McCrory pf (d) = 1 84' 36% Mclintyre Porcu (2) 905 McKeesport T P (4) ~ 5% McKesson & Rob 303 Macy (R H)& Co(2) 5'a Mad'n Sq Gar alée . 18% Magma Copper (2).. 4 Manati Sug pf (d) . 13% Man El md gtd (d) 10 Manhat Shirt (60c). 4'3 Marancha Corp 5% Marine Midld (40¢) 20 Marlin-Rockwell(2) 6% Marshall Field & Co 23% Mathieson Alk(1%) 357 May Dept Str (1.60) 5'3 MaytagCo , - 33 Maytag ww (33%)_ 3213 Maytag xw ($3%) 41 Melville Shoe (2%) 3 MengelCo .. 203 Mengel Co pf 22 Merch&M Tr (1.60) 24'4 Mesta Mach ¢1%3) 2'3 Miami Copper 9'; Mid-Cont Pet(al5c) 81¢ Midland Steel Prod I++1 01 ++1 44 + ++ 4 60% Midl'd Stl 1st pf(8) 28% 37 21 12 134 111'% Pacific T & T pf (6) 9y 5% 1% 144 4% 9% 20% Pub Sve N J (2.40). 99% 140 100. Pub Sve N J pf (8) 58 Minn Hon R (73)__ 37 Minn Moline Pw 31 Minn Moline Pw pf_ 14 MStP&SSMIisin. 1 MStP&SSMpf. 10% Mission Corp Mo Pacific (d) 13 Mo Pacific pf (4 10% Mohawk C M (aZsec) 55 Monsanto C (1) 21% Montgomery Ward 1 Mother Lode —o 171 Motor Products (2). Tia Motor Wheel (50c). 7 Mullins Mfg 367 Mullins Mfg pf. 4% Murray Corp I 3 Motors (1) 14 NashvChat&StL _ 415 Nat Acme Co 6% Nat Aviation - t Biscuit (1.60). = 1149 131 Nat Cash R A(50¢) 11 17% 12% Nat Dairy Pr (1.20) 57 113 Nat Dept Stores (d) 4 17 Nat Dept Strs pf(d) 90s 23'% Nat Distillers (2) . 33 47 Nat Pw & Lt (80c). % Nat Ry Mex 2d pf. 40% N 9 Nat Supply Co 36 Nat Supply Co pf- 814 Nat Tea (60c) g 713 Natomas Co (80¢) . 21% Neisner Bros (t1)_. 431 Newberry J J(1.60) 4 w Orl T&M (d) 4% Newport Industries 183 N Y Airbrake 12% N Y Central RR Chicago & St L YChi&StLof _ & Harlem (5) .. Investors (d) N H & Hartford N Y N H & Hartf of N Y Ontario & West N Y Shipbuilding... N Y Steam pf (6) N Y Steam 1st (7) Noranda Mines (2) 4 Norfolk Southn (d). Norfolk & W (18) _ North Am Aviation NY Y¥NY 23 NY 6 x 26 6l N N ° 353 57 North Am Ed pf (8) 13% Northern Pacific .. 35% Northwest Tel (3)_ 20 Norwalk T&R pf3% o+ 108 208 24 7 36 9% Ohlo Oil (a15c) . 1 Oliver Farm Equip. 13% Oliver F E pr of A 313 Omnibus Corp £ 43, Oppenheim Collins 1114 Otis Elevator (60c) 41 Otis Steel i 182 22% Otis Steel pr pf 1 80 Owens-Ill Glass(4) x 7 13% PacificG&E (1%5). 24 19 Pacific Ltg (2.40) . 89 12 Pacific Mills 1 70 Pacific Tel & Tel (§) 320s 908 12 180 1 1 E] AL 4 - 6% Pac Wn Oil (b40¢)_ 314 Packard Motors . 13 Panhandle Pro& R 615 Panhandle P&R pf_. 2% Par-Publie cod (d)- 2Y% Park Utah 1 Pathe Exchange._.. 8 Pathe Exch (A)--. 8% Patino Mines % Peerless Motor 6413 Penick & Ford (3). 57% PenneyJC (2) . 2 Penn Coal & Coke _. 3 Penn Dixie Cement._ 18 Penn Dixie C pf A 17% Penn RR (1) . 17% Peoples Gas Chi 9% Pere Marquette 13 Pere Marquette pf_. 16' Pere Margq pr pf 7% Petrol Corp - 12% Phelps Dodge (a25¢! 23 PhilaCo 6% of (3)- 3814 Phila Co pf (6) new. 1% Phila & Read C&1_.. 35% Philip Morris (1) _. 53% Phillips-J C pf (7). 13% Phillips Petrol (1)_. % Plerce Ofl . - 31 Pillsbury F1 (1.60). 26% Pitts Coal pf 5% Pitts Screw & Bolt._. 1 Pitts Term Coal . __. 10% Pitts Term Coal pf.. 1% Pitts United Corp. 908 104 15 2 7 8 6% Plymouth Oil . % Pressed Stl Car (d) 61 Pressed St1 C pf (d) 42% Proc & Gambl (1%) FEE I 62% Pub Sve.N J pf (5)_ % 97 Pub Sve E&G pf (5) 34 Pullman Ine (3) 5% Pure Oll e 34% Pure Ol 6% pf ... 49% Pure Of1 8% pf____ 8% Purity Bakeries (1 4 RadioCorporation ~ 253 6% 50 RadioC'ppfA (3%) 33 ifill.lh orp of B ERemmBanakes FERSFEE HHE AEEad - = & 1 £ F$FEE F ¥ 255258 + 1| 5% Shell Union Oil . _ 63% Shell Union Oil pf__ 8% Silver King C(40c). 6 Simmons Co 5 Simms Pet (a50c)-. 615 Skelly Ol 24 Sloss-ShefMeld pf__ 15% Snider Packing . 11 Socony-Vae (60c) _ 20 Sou Porto R Sug(2) 10% South Cal Ed (1%). 12% Southern Pacific 5'2 Southern Raflway_ . 7 Southern Rwy pf 42 Spalding(AG)1stpt 314 Sparks-Withington 32 Spencer Kell (1.60) 7% Sperry vic (a25e)-- 81, Spicer Mg « Spicer Mfg pf (3) _ 37, Spiegel-May-Stern_ 6 Spiez-May-S rts « Stand Brands (1) and Com Tobacco 11: Stand Gas & Elec __ 1% Stand G & E $4 pf_ 4% Stand G&E $6 pf - 6 StandG&E $7pf. 7a Stand Inv Corp. ___. 27% Stand Oil of Cal (1) 111 Stand Oil Exp pf(5) 23 Stand Oil of Ind (1) 35% Stand Oil N J (11) 12!; Starrett(LS) (a25¢) 581, Sterling Prod (3.80) erling Secur (A)_ erling Secur pf__- 6% Stewart-Warner 21; Stone & Webster Studebaker Corp Sun Oil (11) : Sun Oil pf (6)_ 1% Superior Oil __ 5 Suberior Steel ____ 31 Sweets Coof Am __ 14% Swift & Co (150e) _ 1% Symington (A)(d) # 67 Telautograph (60c) 5!z 4 ‘TennesseeCorp. ... 23% 163 Texas Corp (1) 36% 28% Texas Gulf Sul (2)_ 6« 3! Tex Pac Coal & Oil 81; Tex Pac Land Trust 14 Texas & Pac R 13% Thatcher M (as0c) - 5% The Fair A 213 Thermoid Co 2 Third Avenu 16 Third Nat In (a%e¢) 5% Thomp'n(JR) (50c) 13% Thompson Products 7% Tide Wat Asso Oil 84 Tide Wat A O pf(6) 4% Timken-Detroit __ 28% Timken R B (11) 4% Transamerica(30c) T% Trans & Westn Air 5's Transue&Williams 1% Tri-Contl Corp 69 Tri-Contl Cor pf(6) 313 Truscon Stee! City R T pf 29 Union Bag&Pap (2) 44 UnCarb&C (1.60). Un Oil of Cal (1) 79% Un Pacific pf (4) - 20% Un Tank Car (1.20) 972 United Afrcraft 413 United Air Line vtc 7 United Am Bosch _ 20% United Bisc (1.60) 46 United Carbon 2.40. 1!2 United Corp - 20% United Corp pf (3)- 8% United Drug 4'z United Dyewood : 65 United Dyew pf (7) 315 United Eiec Coal . 1% United Fruit (3) 9' United Gas Imp (1) 21s United Paperb'd (d) 5 U S Distributing pf U S & For'n Secur US&F S 1stpf (6) U S Freight (1) .. U SGypsum (1) __ U S Ind Alcohol (2) U S Leather A vtc . S Pipe & F (50¢c) . Realty & Imp_. Rubber ___ __ Rubber 1st pf _ Smelt & R (a6) 27% USSteel .. .. _____ 73% U S Steel pf (2) .. 313 United Stores (A) « 51 Univ Leaf Tob (12) 133% Umv Leaf T pf (8). Univ Pipe & Rad __ Util Pw & Lt (A) 51 19% 41 65% 11 4015 35% Tia 14% 3 914 2413 u U u U 95 U S s s s 150 2% 1 3% 1 Van Ral 1st pf (7) 34 Vick Chem (72) 213 Va-Car Chemical 1712 Va-Car Chem 6% pf 721, Va El & Pw pf () w. @) . 1% Wabash pf A (4 26% Walgreen Co (1.4¢. 1% Walworth Co 5 Ward Baking (A) __ 281 Ward Baking pf (2) 2% Warner Bros Pic 144 zlrn.r Bros Ple pf 34 West Pa Elec (T)A 36 West Pa Elec pf (6) 39% West Pa Elee pf (7) 95 West Pa Pwr pf (6) 119'% 104'; West Pa Pwr pf (7) 5'% Western Maryland Tls Western Md 2d pf rn Pacific pf rn Union . 'gh'se A B 500 ngh'se Elec t'h'se 1st pf 3% ton Elec Inst__. ton Elec (2) A . tvaco Chi ‘40¢) 14% Wheeling Steel 46% Wheeling Stl pf(31) 6% White Motor . 13% White Rk M S(1.40) 1% Whi ewing Mch_. 6 Whi 'w Mch pf_ 1 Wilcox Oil & Gas ._ 3% Wilson & Co (a2Zsc) 58 Wilson & Co pf (6). 51 Woolworth (2.40) . 11% Worthington Pump 25% Worth Pumppf A_. 20 Worth Pump pf B 35'% Wright Aero 24% 17% Yale & Towne (60¢) | 4% 2% Yellow Truck | 3% 18 Young Sp & W (11) 24% 13 Youngstown S&T 75% 3815 Youngst'wn S&T pf P I Bt e et 3% 1% Zenith Badio 4% 2% Zonmite Produets w—u““m-ml‘. Y. Stock ‘Exchange. 430,000 12:00 Noon. 11:00 A.M. 0 P.M. Total sales P. X 2:00 P.M for the day. 1.750,000 1077 10 Al 43 +1% 98 5 5813 150 L] 16 231 73 116% 1% 24% 3 31% 24% 4% 3% % 1 steadily expanding trade and indus- try. Investment demand was given credit for much of the demand. A cheerful straw in the wind w: the estimate of the American Iron & Steel Institute that current mill oper- ations were at 44 per cent of capacity, up 1.8 points over the preceding weex. Among the principal share gainers at new 1935 tops, were American Tele- phone, Western Union, Pacific Light- ing, Santa Fe, Pennsylvania, Aliied Chemical, United States Steel common and preferred, Bethlehem, Sharon Steel Hoop, National Steel, Chrysler. | General Motors, Westinghouse, Ameri- can Car & Foundry, Bridgeport Bras:, Electric Boat and Studebaker. Other forward movers included New York Central, Union Pacific, Delaware & Hudson, Baltimore & Ohio, South- ern Pacific, American Can, Interna- tional Telephone, International Har- vester, Case and Consolidated Gas Virtually all of the leaders finished | at about their best levels for the ses- sion and the turnover was around the largest since May 28, last. New York Cotton | By the Associated Press NEW YORK. July 29.—Cotton wa* quiet today, with traders evident! 1, awaiting the end-month crop locan 7 | policies for 1935. Prices sagged off under compar- atively light offerings, ruling abo: 1 to 11 points net lower in the latr 4 | trading. Putures closed steady. R-13 lower. o Cottonseed Oil. Bleachable cottonseed oil future closed firm. September. 9.83B: Octo- ber, 9.88B; December, 9.85B: Januar: 9.90B; March. 10.00B. Sales 101 con- tracts, including 4 switches. B—Bid. Liverpool Quotations. LIVERPOOL July 29 #.—Cotton receipts. _ Spot in fair demand: prices points lower: quotations in pence: Ame ican strict good middling 7.34 m | diing. 7.04: sirict middling dline. 684: strict_‘ow middline 1 rict good ordinary. ¥. 6.59. October. 8.21: December. £ .1\ January 6.06; March, 6.04; ', 8.0 nuary. ¢ 6.04; May, 6.01. | PROTECT your DRIVING RIGHTS | by Automobile Insurance that complie- with new Financial Responsibility Act COMPANY Realtors 321 10th St NW, REAL ESTATE LOANS ON IMPROVED PROPERTY Mutual Building Assn. 306 7th St. S.W. Organized Since 1892 National 03635 Massachusetts Investors Trust 1003, +2%] 5::. Prospectus on Request 15 } William W. Mackall, Jr. Investment Securities 218 Woodward Bldz | mlmmummuumu|||mmmummuumuuumm:h: : DIstrict 8431 ~ 16% 2 4+ ¥ 102 3% 73 42 116'% +2% 1% + 1 397 +14 % . 224 Progress Is Yours Through the Building and Loan Plan of Saving! O you want to “get ahead” finan- i cially? Then begin NOW to save | systematically and to invest those Savings wisely! @ Nothing is Safer than the Building and Loan Plan . . . and nothing pays a better return with so high a degree | of Safety! @ Come in and Start on the Road to Progress! We Pay 5% Compounded Semi-Annually from the date of payment te the date of withdrawal ® You can open a Savings Account with ONE DOLLAR, or more . . . and you'll always find, at “The Fidelity,” %|a friendly spirit of helpfulness and 243 + 3 | co-operation. 3% + x| The Fidelity Building & .Loan Association 3%+ 4 MAIN OFFICE, 610 13th St. N.W, L] L 47 760,000 180,000