Evening Star Newspaper, July 29, 1935, Page 16

A—16_*¥¥ CURB LIST HOLDS 0 STEADY COURSE Many Specialties, Indus- trials and Oiis Up Fractions to More Than Point. By the Associated Press. NEW YORK, July 29.—Curb market stocks held to a fairly steady course today despite some hesitancy among the utilities. A long list of leading specialties, in- dustrials and oil shares ended minor fractions to well over a point higher. Losses in the utilities were generally of the fractional variety. Trading ‘was moderately active. SHELL UNION EARNS $1,649,775 IN QUARTER By the Associated Press. NEW YORK, July 29.—Shell Union Ofl Corp.. and subsidiaries report for the quarter ended June 30 net profit of $1,649,775, against net loss of $897,- 691 in the June quarter last year. POWER BONDS OFFERED. NEW YORK, July 29 (#)—Public offering was made today of $15,000,- | 000 Southern California Gas Co. first mortgage 4 per ceat bouds, due in 1965, at 101%, by a syndicate headed by Blyth & Co. Proceeds ot the issue will be used to retire presently out- | standing bonds bearing a higher inter- est rate. BONDS ON THE DOMESTIC BONDS. mih Low. Close. Abbott's Dair 6s '42 12 10812 ds 9% Ot 91l Y2 107% '07% 1023 10232 105% Bel Tel Can 55 Brmham Gas 58 i 097 10 110% Y Cent Pow 55 D Cent P&L 55 '56. ot Cent Sta Elec 58 3 1 3% &% Cities servlce b8 5 Cities Service s '66 as_5las, Sia 313 108 108 u(n'/. lsu 103% 103% 1(1'!5 104% 104 104 893 K9 a2 11, 02 103% 102% 107% 4 41 ai 105 105 105 100% 100% T0% 70": 0 1 1031 100, 1034 10412 104% 104% a8 nt Pw Sc 75 Internatl Salt 5: Intern Sc_Am ntersta Pw Kimberly C1 .u A 'AJ Konpzrs G&C 55 '4 Koppr G&C 5%s '50. B nnd & & Metro Ed 45 333 3330 23 FEEPE 9 Py EEEPEEONG EEEF w a5 e 2332 SRR RRR 3. FEEE RN S R LT E SRR e .-.-....... SS020-12% SEREEE £ [Ty S22, 2332 & H 22 R252A2R2R3323322333320332 353332 FRESERR o WRRE FERES aa, = 1195 o3 2" ol oy oy 2 2 5> uim 4 y® oy £ T SRSES §:§§ - el mmgo 7252 a > > 2 mOaE! FEEF FF PEIFESEST & FESE SF FRASESRR R52R332232223232033 S ram Pan : ; o DB Sk 2D, -Sg=es ot s293E2a52252320057 E 3333335233332 3233 032580335 00aunazeatE 2a20 N B 5 2 o » s '.'I ) i e ¢ (o B2 e " @ R, gle, e 2, E FINANCIAL. NEW YORK CURB MA By private wire direct to The Star. Stockand Sales— Dividend Rate Add 00. High Low. Close Ainsworth (alk) 2 34% 3¢ 4% Ala Pow pf (6) 208 62 6! Allied Mills(a26c) 4 Ya S 11% k) 54 5. 2 4 9 1 3 9 531 1 4% 3% 508 1258 11 4 43% 63 By 3 1 17 2% ll 15‘1 2% 15 % % 103 103 Alum'npf (1%) 1008 Ar Ct PEL A (3) 1008 Am District Tel 1008 112% 112% 112% ™% o™ 2 Am Founders Am Gas&E (1.40) 12 30% 30% 380% & % 13 Am Superpw pf__. 18% Arcturus RadioT 6 4% 4% As50G & E (A) - 11% Auto Vot M (50¢) Benson & Hedges Brazil Tr L&P 1.60) Butler Bros Carrier Corp --—- E ctfs (80c) 18% 14% Alum'n Co of Am 100s Alum'n G'ds (40c) 2 Am Beverage 1 Am Capital (B) 2 AmCities P’RLB 5 AmCym'd A(40e) 1 Am Cynam(40¢)B 19 2% NJcv DPrw‘.” . Am&For war. Am Founde: 9 & & 1st pf (B) -. 258 20% 20% 20% Am Founders 1st pf D 58 28% 28% 28% Am G&E pf (6) 508106 105!\ 105% Am Laundry (40¢)200s 15% Am Lt&Tr (1.20). 7 11% lm u« 8 1 13 1% X 18% AmSuperistpf.. 1 6412 6i% 64% Apvllu:ht[’l o 1305100 ' 100 100 Pwr pf (1) s Tury % %N Ark NatGascupf 1 Ark P&Lpf(32.33) 20s 72 2 Ass0G& E 1 % % Atlas Corp Atlas Corp wi Atlas Cor pf Ax-Fishert3 20)A Baldw L bd rts(d) Bellanca Aircraft Bliss Co (EW) - Blumenthal 8 . Bower Roll B (1) Brill Corp A . Brown Co pf | Buf N&EPDI Buffalo Niag & Eastp 1st pf(5) Bunker Hill&Sul Cables&Wire (B). Can Marconi - Carib Syndic Catalin Corp Celanese 15t pf(7) 255 103 Cent Hudson G & T 14% Cent P& L 7% pf (31%) __175s 39% | Cent States Elec 2 @ Cent States Elec 6% pf(337%c) 1 Central States Elec7% pf 258 CentrifugalP(40c) 1 Charis Corp (1%) 5 Chi RIVEM (13%). 3 Childs Co of 90s Cities Service 6 Cities Service pf 2 City Auto St(60c) 3 Clev Elec Illu (2). 1 Clev Tractor 91 | ColtsPat FA1% . 758 | Columbia Gas & Elec cv of (5) Com’wIth&S war | Compo Shoe | Machste(soe) 1 { Como Mines 51 | Community P& L 1st pf | Consol Afreraft | Cons Copper .. Consol Gas of s | Balto (3.60) 84 ContG&E pr pf(7) 200! 2 | Cooper Besspf A. 1 22% Cord Corp 3% | Crane & Co Crane Co pf (32) Creole Petroleum Crocker Wheeler Croft Brewing Cueno Press(1.20) Cusi-Mexicana M Darby Petr (50c). Davenport H (1) .. Dictograph Prod Distilled Liquors Distillers C-Seagr Doehler Die t Dow Chemical (2) Driver Har(a25c) - Duke Power (3) _ | Duval Tex Sulph | Eagle Pitcher Ltd Eastn G&F Asso Eastn G&FpfA(6) | Eisler Elec Corp Elec Bond&Share Elec BA&Sh pf (6) El Pwr Associates 51 Pwr Assoc (A) Elec Pw&Lt 2d pf A Elec Pw & Lt opt war e Elec Sharehld's pf ws (3135) . 100s Electrographic . 1 1 3 8% 4% 171 184 24% 1% 16% 6% 39% 18 34% 2258 15 65% Ed 665 #* 16% 1 1% 5 113 | 124 | 11% 12 3 14 16% 6! 26s8114% lld‘n 114% 17 16 16% Bron Equity Corp European Elec Ltd (A)(60c) _ Ex-Cell-O A&Tool * Fairchild Aviat'n Falstaff Brewery. Fanny F C (50c) ... Fedder Mfg (A) . Ferro Enam (60¢) Fiat rcts (a81%c) Fidelio Brewery__ Portiand G C. | Pot Edis 55 L Pot E - 531 = U " GO oD o > Q!hn % > o [T e n P Ed B, 33ea0as s andSetied g gagaaafivnumama-: FESE SRR SRS e Lo e 5 fllfirr i > A ::s::.ss:xsm:::a 8 s 4 THE EVENING STAR, WASHINGTON, D. C, MONDAY, JULY 29, 1935. Stock and Bales— Divl‘e’nd Rate. Add 00. High. Fisk Rub pf (6).. 508 Flintkote (1) A.. 3 Fla P&L pf Ford Mot (Can) A¥IA . 2 Ford Mot Ltd (a17.7¢) 1 Forem'st Dprpf.. 1 Froedtert Gr & M conv pf (1.20) 50s Gen Alloys 7358 Gen Fireproofing . 1 Gen Tire & Rub 508 Georgia Pw pf (5)130s Georgia Pw pf(6) 200s Glen Alden C (t1) 19 Goldfield Consol . § Gold Seal Elec _.. Gorham vtc ext (al) Grand R Var (50¢) Groc Str pr vtc. - Gulf Ofl of Pa. Hartman Tob.. __ Hazeltine Corp(1) Hecia Min (al0c) Heyden Chem (1) T L Hollinger G(t65¢) Hudson Bay Min & Sm(a50c) 28 Humble Oil (1) .. 9 Hygrade 8yl (2).. 25s 11l P&L 6% pf . 508 Il Pw&Lt $6 pf__ 300s 1mp Oil Ltd coupon (t50¢).. 39 Imp Tob Can (t35¢) e Insurance Co of North Am (2).. 1 Intl Hydro Elec Systemcvpf 1008 Intl Miningta30c) 6 Int] Mining war . intl Petr (1114) Intl Products Intl Util (A) Interstate Hos(2) Interstate Power (Del) pt - 40s Irving Air C (40¢) 3 Ital Superpwr(A) 1 Jersey Central P&L pf (5%)--. Jersey Central P&L pf (1) 108 Jones&Laugh Stl 5758 Koppers Gas & Coke pf (6) Kreuger(G)prew. Lake Shore M(12) Lakey Fy & Mch . Lehigh C&N(50c) Lerner Stores (2) Libby McNeill&L Lone Star Gas 30¢ 258 17 Long Island Light 33 Long Island Light of A (T) - Louisiana L&Ex .. 14 Lynch Corp (2).-. & McCord Rad (B) 1 McWill Dredg(t2) 50s Mangel Stores Mangel St pf ww . Maryl'd Casualty Mem Nat G(al0c) Mercantile St (1). Merritt Chap & S_ Mich Gas & Oil_.. Middle States Petrol vte A Midland Stl Prod. Midvale Co (bl1).. 50 Minn Mining & Mfg (160c) 100s Mohawk Hudson 1st pf (4) 100s Mohawk H2d of 1508 208 10s 2 15 . 6508 3 Stock and Sale: Low. Close. 2 T4 24 4 33 34 74 2% 5 Molybdenum ... :oum Prod (60¢) Nat Fuel Gas (1) Nat Investors . P&L pf (6) t Transit (80¢) t Union Radio.. Nehi Corp __ N J Zine (2) Niag Sh Md B Niles-Bem-Pond Nipissing(al2ie) Noma Elec Corp .. North Am L&P .. Nor Am L&P pf. Northn P&L(50e) Northern States Power (A) ___. Novadel Ag (2) .. Ohio Pwr pf (6) Outboard Mot Pacific Bastern_.. PacificG& B 1stpf (1%) . . Pac Light'g pf (§) Pacific Publie Svepf ($20e). 1 Pac Tin spec (1)-.100s Pantapec Ofl LR Parke Davis (+1) 1 Parker Rust (13). 2508 Pennroad Corp . 55 Penn Cent L& P pf (2.80) - 1508 Penn G&E (1%5)A 1 Pepperell Mfg(6) 508 Phila Co (80¢).... Phoenix Secur __ Phoenix pf (3) Pie Bakeries(60c) Plerce Governor Pioneer Gold Mines Ltd (80¢) Pitney Bo P (20¢) Pitts & L E (233) 9308 Pitts Plate G(12). 73 Potrero Sugar. . 1 Pratt & Lamb (1). 1 Premier Gold(12¢) 5 Prop'ties Real vte 508 Pub Sve Northn 111 6% pf Puget Sound Pw & Lt $5 pf Puget Sound Pw & Lt$6pof Quaker Oats (14) 1 QuakerOats pf(6) 1 Reybarn Co o | Reynolds Inve: Royal Typewriter 1 Ruheroid Co (1) 58 Safety C H&L (3). 258 St Regis Paper 2 St Regis Paper pf 10s Salt Creek P(80c) 3 Scovill Mfg (1) . 126s Segal Lock & H 1 Seiberling Rubber 3 Selby Shoe (2) .- 100s Selected Indus ... 7 Selec Industries allot ctfs (3%) 100s- Shattuck Den Min 6 Sheaffer Pen (al). 2 Shenandoah pf _. Sher-Wilms (4) __ 1 Smith Corona vtc Sonotone Corp - 1 South Am Gold & Plat (40c) 21 | Sou Penn O (1.20) 19% AT% 64% 63 258102 1258 32 3% 2 234 Dividend Rate. Add 00, High. Lo 25 14 13 5 Bella Hess . 105 l% % 13% 5 2 H 3 22% 508108 108% 3 1 1 2% 2% 3 28y 28 508101 101 16% 34% 16% 4% 1% ATh 1% 1% 102 30% 100s 13% 13% 13% 3315 1331 133% 14307:1“'4 144% 1 19% 71056 Shewin-W pt(6).. 208108 108% 108% Smith (A O) 1 59 1 14 104 59 14 % 1% 3% 23% 4% b 2% 3 205 185 | 1% 102 30% 2% 30 19% 104 59 4 1% 3% 23% R K E T|WVorld Consumes Less U. S. Cotton During Season By the Associated Press. NEW YORK, July 29.—World con- sumption of American cotton during the season ending July 31 will total approximately 11,314,000 bales, ac- cording to a preliminary estimate by the New York Cotton Exchange Service. This compares with 13,680,000 ba'es consumed last season, and 14,405,000 consumed in the season before last. ‘The largest amount of American cotton that the world has consumed in any one season was 15,748,000 bales in 1926-27. Southn Calif Edis pfC (1%) 4 2 Sou’land R(120e). 2 Square Deal (B)..100s 2 Stand Inv cu pf _ 1008 Stand Oil Ky (11) 5 Stand Silver & L.. 386 StarrettCorp___.. 17 Starrett Corpof_. 1 Sullivan Machine 1258 Sun Investing pf_. 3 Sunray Oil _._ 1 Sunshine M(1.20). 17 Swift Intl (2) 5 Swiss-Am El pf__. 50s ‘Technicolor Inc Teck Hughes(40¢c) Texas Gulf Prod . Texon O&Ld (60c) Trans-Lux Daylite Pic Sn (20c) Tri-Contl C war _ ‘Tubize Chatillion ‘Tung-Sol Lamp 1 Tung-Sol L pf (3) UnitCarr F (1) ... Unit Chemical___. 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 Lt&Pw B Unit Lt&Pw pf _- Unit Shoe Mach (12%) -- 258 USElecPwww__ 1 U S Foil (60c) B 9 U S Radiator pf__. 258 Unit Stores vie . 5 Unit Verde E 40c. 1 Univ Insurance 100s Univ Prod (a80c) 700. Utilities P&L - Utilities P&L pf_ 450- Utlity Equities 6 Venezuela Mex Q. 1 Venezuela Petrol. Walker (Hiram).. Walker (H)pf(1). Walker Mining_. Wenden Copper __. W Va Coal&Coke Westn Air Exp(n) Western Auto Supply (3) A_ . 50s West Tex U pf(3) 1758 Woodley Pet (40c) 3 Wright Harg téve 11 Yukon Gold 10 Dividend rates tn_dol iast quarterly or semi. fAnnual rate—pius extra dividends. aPaid this year 6 2 1 1 2 8 2 7 2 1 2 2 1 B4 44 14 4 6 2 22 year. dCompanies reported receiver- 7815 or ‘eihy reoreanized - <Es diidend | EARNINGS STAGE SUBSTANTIAL RISE 5 Climb Nearly 12 Per Cent Above Level for First Half of Last Year. Associated Press Pinancial Writer. BY RADER WINGET, NEW YORK, July 29.—An increase of near’y 12 per cent in corporation profits is indicated in reports for the first half of this year, compared with the same period of 1934. The rate of gain Is larger for the entire six months against last year than the indicated increase shown by selected corporations during the sec- ond quarter of this year compared with the first three months. The 12 per cent advance was made by 170 companies in a wigely diversi- fled classification of organizations which reported profis and losses for the half year durinz the last two weeks. Mount to $358,977,470. Aggregate earnings were $358,977,- 470 this year compared with $320, 974,330 during the firsL six months of 1934, 3 Although there are rio comparable figures for previous years for exactly the same list of companies, income analysts declare the total probably is the best since 193'. That result has been shown in reports of selected firms whose previous reports are avail- able. Not all corporations were on the profit side of the ledger for the 1935 months, and there were many which suffered & reduction in profits this year because of increasea expenses. | | Some turned losses of lest year into | gains this year; there also were many | which slid into the red from large | black statements of ,1934. About 60 per cent of reporting con- cerns presented a more profitable in- come statement this year than last. and the other 40 per cent lost ground | in comparison with last year. Smaller Firms Lead. Greatest percentage gains were made by smaller corporations, whose advances in some cases went into the thousands, so high on a percentage 4| basis that they were raeaningless. No definite trend {or all corpora- tions with a large capitalization was established by the survey, the results | being highly mixed. On the basis of favoiable income reports for 1935 so far, analysts of the economic scene have, for the most part, been optimistic ¢va earnings of industry and business as a whole for | ‘Warnings are sounded, however, on the score of increased ¢xpense of op- eration, | the duration of the current 12 months. | an item which iucludes taxes. | per . July 29 (7. —New York Se- FINANCIAL INSURANCE STOCKS curity Desters’ Avssciation: Aetna Cas (2%a) Attne Fire T80 lewark (%) :m .“m:ur‘t'."/n - m Sur Automobile Garotina (£ 20 a (3 200" Sty ol NY 7T TE'Pee 1 o0 Westetester (s 's0 far this year. Bid. (5] SRamis e E PR somars £ CRUDE OIL PRICES. Okla.. Oull Conlt (Permisn Besin). %0c —Gravity scall ford-. A'fl ehens rd-Allezheny Soutl vrade in Eure! in Buckeye ling U. S. TREASURY POSITION. By the Associated Press. (including ell'lfl'lenty4 txlwllfl 5 o of exn!ndnum debt. i old assets, $0.1 Recelpts’ for’ July et tmloml receipts the month, $1' : hwest Ptnnlylvl e lines. TULSA. July 29 P).—Base crude oil prices: Midcontinent aresa—oklahoma- Arkansas—Gravity scale to $1.08. and North Ceniral Texas—Gravity scale Louisiana-" | scales to $1.12 and 55'1"?4“"\\'1"0""" nnsylvania erade (Brad- srade same Cornin, 3125 receipts year Dprevious 4’ (comparable expend- “40.29: Asked. 9b 0% North LY. Illt" Texas and 7hc flat Panhandle—Gravity scales to Kic and 9ic Rocky Mountain area: Texas | 8alt Creek, Wyo. .67 (since 7: expenditures, S3IR.404. i excess £1055 decrease of day GAINS CONTINUE AT STEEL PLANTS {Ingot Output Climbs Two More Points to Reach 45 Per Cent Mark. Special Dispatch to The Star. NEW YORK, July 29.—A general expansion in steel demand now ap- pears to be under way, few con- suming industries failing to show some measure of improvement, states the magazine Steel. “Users are anticipating require- ments for larger tonnages and fur- ther ahead. Steelmakers themselves are increasing stocks of raw steel. “Due principally to these factors, steel ingot production last week rose 2 points to 45 per cent, highest since the last week in April, notwithstand- | ing that Ford plants, as well as many automobile partsmakers and other manufacturers shut down or pre- pared to suspend for vacations and midyear inventories. “Steelmakers are convinced that the low point in steel production for the year has been passed and that the industry shortly will overtake the ate of 54!, per cent at which it was operating early in February. “Reflecting the buoyant feeling in the market, scrap prices last week | advanced again, 50 cents to $1 a jton. Steel's scrap composite moved |up 62 cents, the sharpest rise this Demand for semi- [ fnished steel and pig fron was stronger. Tin plate output increased | 10 points to 90 per cent. Galvanized | sheet production rose to 60 per cent, on farm and construction require- ments; though full-finished sheets, used largely by the automobile in- dustry, dropped 5 points to 40 per cent. in for balance. METAL MARKET. NEW YORK. July 29 (#.—Copper quiet ctrolytic spot and_ future. §.00: Tin firs f spot New York. 4 4.00. Zine duil future. 4.40. " A Antimony. ' spot 50 iovtramite STEEL QUOTATIONS. NEW YORK. July 100" pounds. annealed :heets. vanized sheets. rolled, 2.45; steel bars, 1 29 > Fittsouren lied. 2.00. export, —Steel prices e for Estimates Up Further, By the Associated Press. NEW YORK, July 29.—Another in- crease in steel operations for the week beginning today was indicated by the American Iron & Steel Institute. Steel ingot production for the cur- rent week was estimated at 44 per cent of capacity, a gain of 1.8 per- centage point over the institute's cal- culated schedule for last week. The current indicated rate com- pares with 32.8 per cent a month ago | and 26.1 per cent in the corresponding week of 1934. WS | The rate of operations has shown a ro biack” sheets. | day week. ot | steady upturn since the Independence since the current earnings reports in Wagner Electric Corp.—Net prof. many cases show a wide gain in gross | of this company for six months ende income but a narrower advance in | June 30, net income this year compared with last. You’re Missing Something if you haven’t tried ETHOLINE at the New Low Price THOUSANDS of motorists have switched to Betholine within 30 days. Sales have jumped nearly 50% since the premium was reduced. Read in the column at the right how Betholine saves you money. Then resolve to test Betholine for one month. Prove to yourself that it is the finest motor fuel made. Learn why thousands of motorists have bought millions of gallons of Betho- line in the past at 3¢ to 5¢ premium. OWEST PREMIUM IN HISTORY Now Only 2 Cents More Than Regular Gasolines SAME HIGHEST QUALITY Here’'s why BETHOLINE saves you money I Greater Mileage Every gallon of Betholine contains many thou- sands more heat units than a gallon of regular gasoline. And more heat units means more power—more miles. This feature—more miles per gallon—takes care of the slight extra cost. 2 No Carbon Because Betholine contains large quantities of Benzol, carbon is practically eliminated. In addition to burning clean, Benzol also dissolves ‘earbon that might be formed by the gaseline in Betholine. You save money on carbon cleaning. 3 Less Evaporation Summer heat causes a certain amount of the fuel in your tank to evaporate. Betholine, oven though it is more volatile than regular gasolines, has a much lower vapor pressure. And vapor pressure largely controls the rate of evapora- tien. This money-saving feature is particuiarly important in hot summer months. For economy use A Sherwood Product 1935, was estimated at abo! $259,000, equal to 56 cents per ou | standing common share.