Evening Star Newspaper, July 31, 1935, Page 16

o CLEARINGS CLIMB TRANSACTIONS O SHARPLY IN . C. July Total Nearly $20,000,- 000 Above 1934—Gain Is Largest So Far. BY H. B. ROGERS. Business in Washington is on a steady upgrade, according to the re- liable indicator of the Washington Clearing House Association, which shows that during July this year, the increase in checks amounted to nearly $20,000,000, as compared with July of last year, the greatest gain recorded so far by any 1935 month. There was a seasonal decrease from June. ‘Totals for the first seven months of this year, as contrasted with the same period in 1934 show a cumulative gain of more than $109,000,000. Without an exception, every month in 1935 so far has shown a substan- tial increase over the comparative month in the previous year. The July gain, which is considered significant in view of the hot weather, and usually lagging business, shows that clearings during this month Jumped from $63,082,328.03 last year, to $83,003,060.99, a gain of $19,920,- %32.96. Largest Gain Recorded. This is ahead of the gain recorded by any other month so far, the nearest to it being June, which jumped from $66,669,995.66 in 1934 to $85,895,159.24 for a gain of slightly over $19,000,006. The cumulative figures show that for the first seven months, clearings increased from $419,750,829.01 in 1934 to $528,940,000.41 this year, a gam of $109,189,171.40. The monthly figures and compari- gons for the two years so far are as follows: 1934 1935 Jan, $55,737,297.49 $69,566,923.40 Feb. 49,091,924.3¢ 60,956,281.30 62,209,874.10 74,112,669.72 61,297,334.44 7744795434 61,662,074.95 77.957.951.42 66,669,995.66 85,895,159.74 63,082,32803 83,003,060.99 0,829.01 $528,940,000.41 Telephone Net Declines. Chesapeake & Potomac Telephone Co. showed a decrease of $8,133 in net operating income for the month of June, 1935, as compared with the same month in 1934, but for the first six months of this year, net operating 4ncome showed an increase of $12,092 over the same 1934 period. The company’s monthly report filed with the Public Utilities Commission today showed that Washington was served by 195296 telephones on June 30, a net increase of 12,573 telephones over the number in service at the end of June, 1934. Telephone calls in Washington in- creased from 20,735,000 in June, 1934, to 22,035,000 in June, 1835. Operating revenues of the company for June showed an increase of $28.235 over the same 1934 month, but oper- ating expenses showed an even greater gain of $35,903 for the same period, with higher taxes, resulting in a net decrease in net operating income for the month. The cost of telephone plant in serv- ice on June 30 this year was $36,858,- 117, according to John A. Remon, general manager. Operating revenues for the first six months of this year showed a gain of $112,232 over the same period in 1934, while other increases registered over the same period were as follows: Oper- ating expenses, $95,695; net operating revenue, $16,537; operating taxes, $4,445, and net operating income, $12,092. Only one transaction was com- pleted on the Washington Stock Ex- change today, as Potomac Electric 52 per cent preferred sold in one lot of five shares at 114 7 Holders Approve Remington-Rand Recapitalization | | By the Associated Press. | NEW YORK. July 31.—Officials of | Remington-Rand, . Inc, announced that stockholders representing more | than 70 per cent of each outstanding | issue has approved the company’s plan of recapitalization. Under the plan, which required a two-thirds affirmative vote, each hold- er of one share of 7 per cent first pre- ferred and each holder of one share of 8 per cent second preferred stock will receive one share of a new 5 per cent prior preferred stock and one share of a new $6 cumulative preferred stock, plus a half share of common stock. The plan for recapitalization was dated May 28. Opposition delayed a conclusive vote until yesterday. New York Cotton By the Associated Press. NEW YORK, July 31.—With offer- Ings light following recent declines, cotton showed moderate advances to- day. There was covering and a scat- tering demand encouraged by smaller private crop figures and firmness m- the grain and stock markets. | October sold up to 1157, or !1' points net higher, but met some realizing and at 2 o'clock wes ruling around 11.53, with the general market 5 to 10 points net higher. Futures closed steady. 11-16 higher. High, Low CI Do mi n—Nominal. Cottonseed Oil. Bleachable cottonseed oil futures closed firm. September, 9.72b; Octo- ber, 9.77b; December. 9.75b; January, 9.78b; sales, 45 contracts. b—Bid. Liverpool Quotations. RPOOL, July 31 4P.—Cotton, 3,000 . including 900, P demuna: prices 3 Bolnts Jower - avota: tions in pence: American strict good mid- g good middling, 6, strict middling, 6.75; middling; 6. lnw middling, 6.40: strict god ordinary. sood oralnny Fon tures. closed tober. 6.17; De- 8. Jlnulrv. 6.03; March, 6.00; cembe; uofllml noon closing July. 1935, 6.53 wvalue. — o BALTIMORE STOCKS Special Djspatch to The Star. PIM! July 31.— Saf2ALTIMORE, JuIY 31y, Low. Close. o 20% .‘0,,. Afl Arundel Co ”% s, FINANCIALL. THE EVENING STAR, WASHINGTON, D. C, WEDNESDAY, JULY 31, 1935. .'Irlvlh'h“l‘ldu‘l'hlm Prev. 1935 Stock and High. Low. 39 32 Abr& Strauss (11). 62% 51 Acme Steel (12).c.. 7% 4% Adams Express.... 33% 28 Adams Millis (2)._. 11% 8 Addressog’h(albc). 12% 4% Advance Rumley__. 8% 6% Affiliated Pro (60c). 149% 104% Air Reduction (13). 1% % Air-Way Elec Appl. 20% 15% Alaska Jun (160c)_. 1% % Alleg Corp (d)-_ 7 2% Alleg pf w$30w (4). 30% 21 Allegheny Sti (1)... 2% Amal Leather 26 Amal Leath pf (12). 48Y Amerada Corp (2) . 41% Am Ag Ch Del (2).. 131 Am Bank Note __ 43 Am Bk Note pf (3). 37% 21 Am Brk Shoe (1) 145 110 AmCan (14) ... 168 151% Am Can pf (7) 24 10 Am Car & Foundry_ 581 2513 Am Car & Fdry pf 14% 8 AmChain 85% 38 Am Chainpf . 96 66 Am Chicle (13) 334 22'; Am Comcl Alcohol.. 17% 6'2 Am Crystal Sugar_. 127': 57% Am Cryst S pf (a3). 3 * Am Encaustie (d).. 2% Am European Sec.. 2 Am & Foreign Pwr_ 12 Am & For Pw $6 pf. 14 Am & For Pw $7 pf 37« Am & For Pw 2d pf 8% Am Hawaiian SS(1) 24 Am Hide & Leather 17 Am Hide & L pf 2914 Am Home Pr (2.40). 2% Am Ice 22 Am Ice pf 6) 41% Am International 9 Am Locomotive __ 32 Am Locomotive pf 1815 Am Mch & Fy (80¢) 4% Am Mch & Metals._ 1315 Am Metal 1% Am Power & Light_ 8% Am Pw & Lt $5 pf _ 104 Am Pw & Lt $6 pf. 101; Am Radiator 15% Am Rolling Mill: 415 Am Seating vte 20" Am Shipbldg (2) 31% Am Smelt & Ref _. 121 Am S&R 7% pf (7). 12 Am Steel Foundry . 88 Am Stl Fdry pf (2)- 1?'7 Am Stores (+2) _ 54 Am Sugar (2) Am Sum Tob (1) 9 Am Tel & Tel (9).. 7212 Am Tobacco (5) __. 74% Am Tobacco B (5) . 4129« Am Tobacco pf (6). 9 Am TvpeF pf (d) .. T's Am Water Works _ 48 Am Wat W 1st (6) 47 Am Woolen __ 3513 Am Woolen pf__ S Am Writ Pap (d) _ 214 Am Writ Pap pf (d) 3 AmZinc & Lead __. & Anaconda Copper. 161« Anaconda Wire ___. 12!; Anchor Cap (60¢) 100 Anchor Cap pf(6%) 36 Archer Dan M (+1)_ 1181 Archer Dan pf (1) __ 97 Armour Del pf (7). 3'% Armour of Tllinois . 5512 Armour (111)pr pf 6 16 Armstrong Cork 50c 4 Arnold Constable._ 3%, Artloom Corp 7'z Asso Dry Goods 807« Asso DG 1st pf($9). 35% Atch To&S Fe (a2). 665 Atch To&S F pf (5) 19'; Atlantic Coast Line 21% Atlantic Ref (1) ._ 5 32% Atlas Powder (2)_ 2 106% Atlas Pwr pf (6) 15 Auburn Auto ... 512 Austin Nichols __ 3515 Austin Npf A (2)__ 2% Aviation Corp(Del) 5T% 29 65% 6 5ix 26% 261, 17% 2412 91y 264 4T 144 19% 3% 6% 26% 1t; Baldwin Loco (d) 712 Baldwin Loco pf (d) 15 7% Baltimore & Ohio - 17% 9% Baltimore & Oh pf 109 100% Bamberger pf (61%) 46'% 36's Bang & Aroos (21) 5% 31 Barker Brothers __ 10% 5% Barnsdall Corp __ 50% 37! Bayuk Cigar (+50c) 115 107% Bayuk C 1st pf (7) 19 14% Beatrice Cre (a50c) 72 Beech-Nut P (3) 114 Belding-Hem (a50¢) 117 Bendix Aviation 15% Beneficial Lo (135) . 34 Best & Co (2) e 215 Bethlehem Steel 55% Beth Steel pf(a1%) 14% Bigelow-San Corp 9% Blaw-Knox 23!, 16% Bloomingdale (40c) 112 103% Bloomingdale pf(7) 721: 28% Blumenthal pf 6% Boeing Afrplane *39% Bohn Alum &Br (3) 90 Bon Ami (A) (+4) 21 Borden Co (1.60) 28Y% Borg Warner (1%) 81; Bridgep’t Brass 40c 2415 Briggs Mfg (2) 23'% Briggs & Strat (3) _. 30% Bristol-Myers (+2)_ 3613 Bklyn-Man Tr (3) .. 90 Bklvn-Man T pf(6). 14 Bklyn& Qpf (2). __ 43 Bklyn Union Gas(5) 121'% Brown Shoe pf (7). 3% Brunswick-Balke. .. 4% Bucyrus Erie =t 814 Bucyrus Erie cv pf. 3% Budd(E G)Mfg. 23 Budd(E G)Mfg pf. 2% Budq Wheel 8% BullardCo .. 3% Bulova Watch 13% Burr Add Mch(60¢) 1 Bush Terminal (d). 5% Bush Term deb (d) Dividend Rate. “d 00. High, b50s 42 8 62% 2T ™ 1 30% 5 11% 5 12 2 ™ 2148 T AW 19 15% 15 1% o PR S FRan @ Ty L LTI 1T » 2% 10 Bush Term B of cod 160s 1% Butte Copper&Zine. % Butterick Co (d) 11% Byers (A M) 32 Byers (A M) 33 California Pkg(13%) 14 Callahan Zinc 24 Calumet & Hecla. T4 Campbell-Wy a40c... 8% Can Dry G A (40¢).. 9% Canadian Pacific . 4% Capital Admin (A)_ 45% Case (J 1) Co 361 Caterpillar Tr ). 19! Celanese Corp ... 17% Celotex Co (d) - 1% Celotex Co vte (d) 11% Celotex Co pf (d) 22Y Cent Aguire (1%) . 34 Central RROfNJ. 6Y Century Rib Mills _ 38% Cerro de Pasco (4)._ 3% Certain-teed Prod 23 ‘ertain-teed Pr pf 37% Ches & Ohio (2.80) 36 Chesapeake Corp(3) 5% Chi & Grt West (d). 1% Chi & Grt W pf (d). 15% Chi Mail Order (1) % Chi Mil StP&P (d) - % Chi M StP&P ot (d) 1% Chi&NW () .. 3% Chi & N W pf (d) 4% Chi Pneumatic Tool 20 Chi Pneu Tool pf_.. % Chi R I&Pac (d) . ___ 1% Chi R 1&P 6% pf(d) 25% Chickasha C O (2).. 3% Childs Co = 31 Chrysler Corp (1) 174 City Ice & Fuel (2) . 87 City Ice&F nfll%) 3% City Stores 12% Clark Equip (loe) = 27% Clev Graph Br (t1). 20 Cluett Peabody (1)- 228! 161% Coca-Cola (8) _.. 18% 15% Colgate-P-P (50c) .. 24% 9 Collins & Afkman _ 101% 69% Collins & Atk pf (7) 5% % Colo Fuel & Ir (d) 5 ColoF&lpfd) . 10% Colo & South . 7 Colo & Sou 1st pf... 6% Colo & Sou 2d pf. 3% Col Gas & Elec 35% Col G & E pf A (! 34% Colum Pic vte (11). 67 Colum Carbon (4).. % 39% Comel Credit (2) ___ 116% 112 Comel Cred pf(5%) 68% 99% 115% 23% 1% 53% 37% 14% ©® 56% Comcl Inv Tr (+2) . 98% Com IT cv pf(4%)._. 111 Comel I T cv pf (6). 175% Comel Solv (160¢). % Comw & Southern 29% Comw & Sou pf (3)_ 27 Congoleum-N(1.60) 9 Congress S 25% Cons Ryals (4372 1 16 112 tfih % T 147 147 e 15% 15% 1% 1% 4 4 28% 29 —% 158% 158% —1% 514 + % 25% + % 48% + % 27% 65 3N ~% 142% + % 169 ~ 4% 24% +1% 56 + " + % +1 159 23 924 24% + % 18 - % ur 4 M 1 + % 4% + 14 274 + % 32y — % 10% + % 10% 5 —w 25% 35% 214 25 8% 18 o a F 24y 8% 2014 4% 33 FLL 4 + 4+l ++ + 52 FRipd I+ ++1+++ 54% +1% 28% + % B m% 228% 229% -*2% 1% 1% 17% — % 23% 24% +1% Pr" STOCK AVERAGES | 15 60 Indust. Rails. Util Stocks. Net change.. +.3 ‘Today’s close 64.3 64.0 60.3 48.7 1935 high .. 64.5 1935 low .. 49.5 1934 high 1934 low .. 1932 low .. 1929 high 1927 low ... 51.6 (*) New 1935 high. +2 25.6 254 235 +13 *35.0 337 329 283 35.0 21.6 40.6 242 23.9 184.3 618 Compliled by the Assocrated Press. 1935 Stock and Low. 7 Consol Cigar ... 71 ConC pr pf ww 6% 31 Consol Film . 14% Cons Film pf(31%). 15% Consol Gas N Y (1). 721x Consol Gas of (5)__ 1% Consol Laundri 613 Consol O11 13 Consol Textil 8% Container Corp 274 Container Corp (B). 4'% Contl Baking (A) ... S Contl Baking (B) 62% Contl Can (2.40)___ 7 Contl Dia F' (a30c). 287% Contl Insur (11.20). % Contl Motors = 15t Contl O Del(a373%¢) 41% Corn Ex BK&TT (3) % 62 Corn Prod Ref (3)_. 165 674 16% 4T 5% 25% T5% 813 80% 47 22% 105% 8 3 152 23% T 29 12 % 8% 374 20% 149 Corn Prod pf (7) 44 Coty Ine 357 Cream of Wh ( = 121 Crosley Rad (a2ic) 4315 Crown C&S pf(2.70) 3% Crown Zelleb'k vte. 14 Crucible Steel 47 Crucible Steel pf. 5% Cuban-Am Sugar. .. 403 Cuban-Am Sug pf.. 40 Cudahy Pkg (2%).. 2 Curtl 614 Curt 61 Cushmans pf (8) 16 Cutler Hamme: 22% Deere & Co 19 Deere&Co pf (140¢) 231 Delaware & Hudson 11 Del Lack & West __ 65 Detroit Edison (4) 35% Devoe & R (T1) A 2613 Diamond Mtch 1% 3414 Dome Mines (12) 6% Dominion Stores 17%: Douglas Aircra! 13'y Dresser M(bl3%)A. 12% Duplan Silk (1) 86% Du Pont de N(2.60) 3% Eastern Roll Mills_ 110%: Eastman Kod (5).. 165 Eaton Mfg (1) 3% Eitington-Schild 19% Electric Auto Lits 107 Elec Auto L pf (7). 37 Electric Boat 5% Elec & Mus Ind____ 1% Elec Pw & Lt . 23 Elec Pw & Lt $6 nl’. 3 Elec Pw & Lt $7 pf. » 39 Elec Stor Bat (2%) 1'4 Engineers Pub Sve_ 14 Eng Pub Svc $5 pf_ 14' Eng P S $5.50 of ww 2. 15% Eng Pub Sve $6 pf__ 44 20 4, 64% 4% Equip Office Bldg. T's Erfe R R 8': Erie R R 1st pf. 6% Erie RR 2d pf. 102 Eureka Vac C (80¢) 15 Evans Prod (al)._ % Fairbanks Co.. 17 Fairbanks Mor'se. 5% Fed Lt & Tr __ 54 Fed Min & Sm p! 3% Fed Motor T (a10¢). 3 Fed Screw Worl % Fed Water Sve (A)_ 16s Fed'd D Strs (160c). 28' Fid Ph F In (11.20). 1314 Firestone (40c).._. 841: Firestone pf (6) A_. 45% First Nat Strs (23%) 2% Follansbee Bros(d). 97y Foster- Wheeler 60% Foster-Wheeler pf_ 19% Fourth Nat1a1.10_. 8% Fox Film (A) 30% Frank Sim pf $3% . 17% Freeport-Texas (1) 15 Fuller Co pr pf. 32% Gen Am Trans(1%) 11% Gen Asphalt 7% Gen Baking (60¢) .. 5% Gen Bronze. 2 Gen Cable_ 50 Gen Cigar (t4) 143 127% Gen Cigar pf (7). 29% 371 5 0% 38% 201; Gen Electric (60¢)_ 321 Gen Foods (1.80) % Gen Gas & El (A 59% Gen Mills (3) 26% Gen Moto! 1) 11735 107'5 Gen Motors pf (5)_. 34% 106 3 38% 25\ 23% 17% Gen Print Ink(1.60) 931; Gen Print Ink pf(6) 1% Gen Public Service_ 15% Gen Ry Signal (1) % Gen Realty & Util 14% Gen Real & U pf 16% Gen Refractort 14 Gen Stl Casting pf.. 12 Gillett Saf Raz (1) 70% Gillett Saf R pf Ii). 214 Gimbel Bros. 23% Glidden Co (11) l09% 104% Glidden Co pr pf [ 18 29% 35% 22% 12% 32 54 2% 6% 17% 29% Th 108 101 23% 12% 3% 117% 25% 85% 1% Gobel (Adolf) (d).. 14% Gold Dust (1.20) 7% Goodrich (B F). ... 40 Goodrich (B F) pf_. 15% Goodyear T&R 2% Gotham Silk H 20 Gotham Silk H pf._.. 1% Graham-Paig 5% Granby Consol. 2% Grand Union . 14% Grand Un pf (1%)_‘ 18% Granite City Stl (1) 26 Grant (WT) (11).. 9% Grt Northern pf___. 9% Grt North Ore (50c) 26% Grt West Sug (2.40) 20% Greyhound Corp 1 Guantanamo Sugar 4 Gulf Mobile& N 6 Gulf Mobile & N pf 21% Hackensack W(1%) 4 Hall W F Printing Hanna (M A)pf(7) 16 Harbison Walk (1). 5% Hat Corp of Amer.. 1% Hayes Body . 85 Hazel Atlas Gl (5) . 11 Hercules Mot (60¢c). 71 Hercules Pw (13)__ 128 122 Hercules Pw pf (7) 81% 73% Hershey Choc (3) 118 104 Hershey Ch pf (t4). 14% 11 4% 18 1% 3% 56 5% 13% 12% 3% 1% 57% 33 96% 82 6% 16% 3 17 5 5% Holland Furnace .. 6% Holland & Son (50¢) 30% Houd-Hersh (2%) A 6% Houdaille-Hersh B.. 9% Houston Oil ______. 1% Houston Oil (new)_—. 43 Howe Sound (3) ... 2% Hudson & Manhat.. 6% Hudson & Man pf._. 6% Hudson Motor Car. % Hupp Motors 9% Illinois Central ... 40 111 Cent Ise lines(4) 23% Indus Rayon (1.68). 60% Ingersoll-Rand (2). 46% Inland Steel (2) 4 Insur ShMd cfs 15e. 8% Interboro R T (d) . 1% Intercontl Rubber_. 4% Interlake Iron - 2% Int Agricultural. ... ll:’!: 149% Int Bus Mach (16)_. 33 3% Int Car'rs Ltd (20¢) 227 Int Cement (1) . 34% Int Harvester (60c, 53 162 135 Int Harvester pf(7 2% 29% 3 1% 12 27% 184 1% Int Hydro Elec (A). 22% Int Nick Can (60c).. 1% Int Paper & Pw (A). % Int Paper & Pw (B). 4% Int Paper & Pw pf_. e 29 IntSalt (1%) 60% Int lllm!u‘!l“)._ Sales— Dividend Rate. Add 00. High. Low. Close. ouc 2 L Nk 208 B 13 525 4 e {12 B + 3508 31 +11 300. 41+ 41 4 108 3 1508 Freyeae TSP 29% 51% 1% 5% 1% 29% 4% 1056 23% 11% 3% 113 28 22% 84 84 124% 123% 79 8% 114% 114% 7 12% 11% ™% 41% 17% 13% 2%, 4T% 3 8% 8% 2% 14% 54 26% 96 N BB wRas 100s 1 5 12 3% 113 42 BEES FFEFE P FF FFEP FF 32 10s 63 & 54 26% — % 96 — % 82% 83% +1% 6% 6% 13% 13% + % 2\6 2% + % 5 l“% 145% 145% 11 2% 2 .K 27% % 1% % % 9% 8% 2T% 2T% EERFELFEES PR T AR 2 i Prev. 1035 High. 65 49 Jewel Tea (3) 65% 38% Johns-Manv (a50c). 17 73% 750 @ Jones&Laugh? % pf. 360s 8% 3% Knn; City Southn__ 3 13% 7% Kaufmann D S(80c) 25 20% 15% Kayser(J)&Co(50¢c) 1 2% % Kelly-Spring T (d). 4 23% 6 Kelsey-Hayes (A).. 18 21% 3% Kelsey-Hayes (B).. 26 18% 12 Kelvinator (150¢).. - 31 96 84 Kendall Copf (16).. 110s 13% Kennecott C (60c).. 38 10 Kim Clark (al23c). l 3 Kinney (GR) Co.. 23 Kinney (G R) Copf. 60: 25% 19% Kresge (88) (1).. 18 113 103 Kresge (S 8)pf(7).. 50s 30 22% Kroger G&B (1.60).. 22 12 Laclede Gas St L. 150s 19% Laclede Gas pf..... 22% Lambert Co (3) 815 Lee Rub&Tire (50¢) 10% Leh Port Cement__. 89% Leh Port C pf (3%). 5% Lehigh Val Coal pf. 5 Lehigh Valley R R.. 6714 Lehman C (12.40) 10% Lehn & Fink (1% 2113 Lib-O-Ford G1(1.20 94Y% Ligg & Myers (14) .. 93% Ligg & Myers (14)B 16% Lily Tulip Cup(1%) 13% Lima Locomotive... 174 Link Belt (80¢) - 24% Liquid Carb (1) - 31% Loew’s Inc (2) - 108#, 102 Loew's Inc of (6%). 1% 1 Loftinc 41% 33 Loose-Wiles (2).. 130 121% Loose-Wiles pf (7). 110s 24% 181 Lorillard P (1.20). 37 140% 124 Lorillard P pf (7). 80s 1% MLaOilRef(d) .. 5 14% 4% La Oil Ref pf (d) . 708 19% 10% Louisv G&EpfA 1%. 11 4T% 34 Louis&Nash(a2%). 5 23% 12% Ludlum Steel 2 90% Ludlum Stl pf (6%) 40 McAndrews&F(12). 28 McCall Corp (2).__. 7% McCrory Stores (d). 57% McCrory pf (d) 36% Mclntyre Porcu (2)x 31 90' McKeesport T P (4) 5% McKesson & Rob.__. 32 McKesson & Rob pf. 813 McLellan Stores. 85% McLellan Stores pf. 18% Mack Truck (1) 30% Macy (R H)& Co(2) 5's Mad'n Sq Gar albe._. 29 Man Elev gtd (d) 13% Man El md gtd (d) .. 10 Manhat Shirt (60c). 5% Marine Midld (40¢c). 3% Market St Ry pr pf. 20 Marlin-Rockwell(2) 6% Marshall Field & Co 4 Martin Parry 23% Mathieson Alk(1%) 136 Mathieson A pf (7). 357 May Dept Str (1.60) 513 MaytagCo___. 41 Melville Shoe (2 %). 3 Mengel Co. 20% Mengel Co pf 244 Mesta Mach (1%). 913 Mid-Cont Pet(al5¢) 8% Midland Steel Prod 603 Midl'd Stl 1st pf(8) 160s $8 Minn Hon R (13)__. 3% Minn Moline Pw 31 Minn Moline Pw pf. 10% Mission Corp _____ 2% Mo Kans & Texas__ 11 5% Mo Kans & Tex pf_. 1 1 Mo Pacific(d) ___ 3 1'3 Mo Pacificpf (d)... 11 10% Mohawk C M (a25¢) 5 55 Monsanto Chem(1)_ 7 “ 3% Montgomery Ward 130 61'z Morris&Essex(3%) 10| % Mother Lode o 17's Motor Products (3) x 11 7's Motor Wheel (50c) 56 7 Mullins Mfg 15 367 Mullins Mfg pf 13% Munsingwear Inc.. 4% Murray Corp.. . 30 Myer F E &Co(1.60) 11 Nash Motors (1) 14 Nashv Chat&St L. 4's Nat Acme Ct 6% Nat Aviatio 22% Nat Biscuit ( 1313 Nat Cash Rk A(500) 12% Nat Dairy Pr (1.20) 11; Nat Dept Stores (d) 17 Nat Dept Strs pf(d) 23'% Nat Distillers (2)._ 21 NatEn& Stpg (2)_. 47 Nat Pw & Lt (80c).. 40% Nat Steel (11)_____ 36 Nat Supply Co pf. 8% Nat Tea (60c) . . 713 Natomas Co (80c)... 21% Neisner Bros (1) __ 4312 Newberry J J(1.60) 3% New Orl T&M (d) - 4% Newport Industries 12% N Y Central RR 6 NYChicago & StL. 9 NYChi&StLpf._ 38 20s 20 10 22 2% N Y N H & Hartford 6 NYNH& Hartf pf 2% N Y Ontario & West 6% N Y Shipbuilding__ 69 N Y Steam pf (6) 99 79 N Y Steam 1st (7). 43 30% Noranda Mines (2). 185 158 Norfolk& W (18)__ 4 2 North Am Aviation 18% 9 North AmCo (1) . 531 35'% North Am Co pf (3) 21% 13% Northern Pacific. . 44% 35% Northwest Tel (3)_. 14% 9% Ohio Oil (a15¢) 4% 1 Oliver Farm Equip_. 26% 13% Oliver FEprpf A_. 312 Omnibus Corp 4% Oppenheim Collins_ 11% Otis Elevator (60c; 4% Otis Steel .___ 22% Otis Steel pr p! 80 Owens-Ill Glass(4). 143 Pac-Amer Fisheries 13% PacificG & E (1%). 19 Pacific Ltg (2.40) 70 Pacific Tel & Tel () 6% Pac Wn Oil (b40c).. 315 Packard Motors 1; Panhandle Pro 61 Panhandle P&R p! 2% Par-Public cod (d)- 2% Park Utah 13 Pathe Exchang 8 Pathe Exch (A)-—— 8Y% Patino Mines % Peerless Motor 6412 Penick & Ford (3 57% Penney J C (2) 2% Penn Coal & Coke. 17% Penn R R (1) 17% Peoples Gas Chi 21 Peoria & Eastern 9% Pere Marquette 13 Pere Marquette pf_ T3 Petrol Corp 12% Phelps Dod(e(ll‘e) 23 Phila Co6% pf (3). 381 Phila Co pf (6) new. 1% Phila & Read C&I__. 35% Philip Morris (1)__. 5 13% Phillips Petrol (1).. T 1 Pierce Oil 6% 2% Plerce Oil pf. 1% % Pierce Petrol 35% 81 Pillsbury FI (1.60)- 10% 17 PittsCoal... 42 26% Pitts Coal pf_ 178 172 Pitts FW&C pf (7)- Bolt.. 9215 11% 45 70 4% 53% 23 5 1% Porto R Am Tob(A) 4% Postal Tel&C pf (d) 5 Pressed Stl Car (d)_ 5'/: Pressed St1 C pf (d) 42% Proc & Gambl (1%) 20% PubSve NJ ( l.lO). % 0il 6% nf..... re O118% pf_ 14% 6% 4 Radio Corporation 50 RadioC'ppfA (3%) 35% Radio Corppf B___ Pure Pure Pul 8% Purity Bakeries 1% Radio-Keith-Or (d) gton-] 94% 71% Remington-R 1st pf 70 Remington-R 2d pf. 2% Reo Motor Car..... 9 Republic Steel..... [. Low. Dlvlmnu. muim 347 10% 187% 112'2 104 4% 47 12% 3% % 11z 119 45% 341 9 844 37 9 2 lZlh 1207% 121% 10 6! 6% 111 108% 3% 45% 12% Bt % 1% 2% 17 mi 1038 by 68% Low. Dlvldlnfl 28% Republic Steel pf__. 28 Republic Stl pf cod.. 92 75 RevereC&Bpf _.. 24% 17% Reynolds Metals (1; 6% + % | 108% 101 Reynolds M pf (5% 14% + % | 23% 12% Reynolds Sp (f40c). 19% + /| 61% 55% Reynolds Tob (3)_. 1% + % 43% Reynolds Tob B (3) 21% + % 19 + %| 43% 29% Royal Dal.70 1-10c. lzK +a% 6% 3 Rutland RRpf.___ )9% Wl 46 21% 36% Safeway Stores (3). 10% St Joseph Ld (40¢) - 11% 6 Savage Arms. - 33% 22 Schenley Distillers. 4 1% Schulte Retall Strs. 20% 8 Schulte Strs pf. 69 55 Scott Paper (1.80) .. % Seaboard Air L (d). 20% Seab’d O Del (160c). 31 Sears Roeb'k(a75¢c) 14 Second Nat Inv $2% 40 Sec Nat Inv pf $2%. 7% Servel Inc. 23% +3% 40 +5 23 —% 10% + % 1414 100 9 44 Sharp&Dpf (3%). 7% Shattuck (¥ G) (25¢) 5% Shell Union Oil_ 6314 Shell Union Oil p! 8% Silver King C(40c). 6 SimmonsCo__ 5 Simms Pet (a5 e).- 615 Skelly Ofl 60 8kelly Oil pf ww. 18 Slos 24 Slos 15% Snider Packing . %« 11 Socony-Vae (60c) 107% Sol Am Inv p£(5%). 20 Sou Porto R Sug(2) 10% South Cal Ed (1%)- 12% Southern Pacific 512 Southern Railway. 7 Southern Rwy pf 42 Spalding(AG)1st pf 59's Spang Chalf pf (32) 31y Sparks-Withington. 32 Spencer Kell (1.60). T% Sperry vte (aZbc) 814 Spicer Mg 33% Spicer Mfg pf (3)_. 437 Splegel-May-Stern_ 6 Spieg-May-Srts __. 10314 101% Spiegel-M-S pf(6%) 19% 13% Stand Brands (1) - 4% 2'; Stand Com Tobacco. 4% 1'; Stand Gas & Elec__. 5% 1% Stand G & E §4 pf. 14% 4% StandG&E $6 pf_. 16% 6 StandG&ES$7pf_- 112 7 Stand Inv Corp 387 27% Stand Oil of Cal (1) HS 111 Stand Oil Exp pf(5) 23 Stand Oil of Ind (1) 26 Stand Oil of Kan __ 35% Stand OIINJ (11)_. 12! Starrett(LS) (a25c) 58% Sterling Prod (3.80) 1'» Sterling Secur (A)- 36 Sterling Secur cv pf 6% Stewart-Warner___ 215 Stone & Webster._ 2% Studebaker Corp_ 115% Sun Oil pf (6) 1% Superior Oil__ 10% 5 Superior Steel 5% 3% Sweets Coof A 19% 14% Swift & Co (150 - + 44+ E2F FIEE §F - - FFEEF | 144+ +++++ +1+1 28ER I+ - FEL FE FEFR FE & +11 35 12% 99 23% 4% 8l 35 193 13% 8 I ++4+1 A +1% = -1 8% — 15 +1 +1 +% 6% Telautograph (60c) 4 Tennessee Corp.__. 16'3 Texas Corp (1) _ __ 283 Texas Gulf Sul (2). 34 Tex Pac Coal & Oil 8!; Tex Pac Land Trust 13% Thatcher M (a50c) 50 Thatcher M pf(3.60) 213 Thermoid Co _ © Third Avenue____ 13% Thompson Products 1% Thompson Starrett 73 Tide Wat Asso Oil | 84 Tide Wat A O pf(6) | 106% 100 Tide Wat Oil pf (5) 8% 4% Timken-Detroit___ 50% 28% Timken R B (t1) 7 47 Transamerica(30c) 10% 74 Trans & Westn Air 10% 5% Transue&Williams. 4% 1% Tri-Contl Corp 92‘1 69 Tri-Contl Cor pf(6) 31 Truscon Steel 18 Twin City R T pf. 5 53% URd-Ell-Fisher (2) 29 Union Bag&Pap (2) 44 UnCarb&C (1.60) 14% Un Oilof Cal (1) 8213 Un Pacific (6) . : 79's Un Pacific pf (4) 20% Un Tank Car (1.20) 9% United Aircraft_ 4': United Air Line vic 7 United Am Bosch 20% United Bisc (1.60) 46 United Carbon 2.40 1!z United Corp . 2 20% United Corp pf (3)- 8% United Drug 4!3 United Dyewood 65 United Dyew pf (7) 3% United Elec Coal- 715 United Fruit (3) 91, United Gas Imp (1) 87'2 United Gas 1 pf (5) 2! United Paperb'd (d) 4': U S & For'n Secur 65% US & F S 1st pf (6) 11 US Freight (1) 40% U S Gypsum (1) .. 1575 143 U S Gypsum pf (7)- +H1L L L++0 +4++++1 2EFESF 1+ ++ 5 he SE 1 ++4+ sPs 25 wrar 144 +) Pipe & F (50¢) - P&F 1st pf1.20 73% U S Steel pf (2) 313 United Stores (A) 46 United Stores pf___. 51 Univ Leaf Tob (12) 1 UnivPipe& Rad__- 12 Univ Pipe & Rad pf. 1 Util Pw & Lt (A) sco Sales Corp. 214 Va-Car Chemical . 17% Va-Car Chem 6% pf 7214 Va El & Pw pf (6)_ 63 Vulcan Detin (ad)__ 1% Wabash pf A (d) ___ 41 Waldorf Sys (b20c) 26% Walgreen Co (1.40). 1% Walworth Co __ 28'; Ward Baking pf 2y Warner Bros Pic. 142 Warner Bros Pic pf 21 Warren Bros 2 T Warren Brosev pf_. 30%; Wesson O&S (150c) 34 West Pa Elec (1)A_ 36 West Pa Elec pf (6) 397 West Pa Elec pf (7) 113% 95 West Pa Pwr pf (6) 120 104}; West Pa Pwr pf (7) 9% 5% Western Maryland_ 18 7% Western Md 2d pf_.. 1% Western Pacific. 2% Western Pacific p! 20% Western Union._ 18 West'gh'se A B 50c. 325 Westingh'se Elec__ 90 West'h'se 1st pf3% 10 Weston Eleo Inst_. 29 Weston Elec (2) A__ 1% White Sewing Mch_ 6 White Sew Mch pf.. 1 Wilcox Oil & Gas . 3% Wilson & Co (azbe). 58 Wilson & Co pf (6). 51 Woolworth (2.40) - 11% Worthington Pump 25'% Worth Pumppf A_. 20 Worth Pump pf B 351 Wright Aero __ 3% Wrigley W ir (13)_. 17% Yale & Towne (60c) 2% Yellow Truck - 31% Yellow Truck pf. 18 Young Sp& W (1). 13 YoungstownS&T.. 38% Youngst'wn S&T pf. 3% 1% Zenith Radio.oeoo. 4% 2% Zonite Products.. FINANCIAL. 663 86 67% 68 Nes. Rate. moo.m Low. Olose. Chge. 24 68% 2 68 Wl 86 24 68 + % - % l 107% 107% 107% 22% 4 3608 50s 8 61 360 493 1008 118"z 3 2% 7 10 1 30s woraSa & 22 BN~ & 69 150s 3 2108 3 44 1 7 30 22% 61 54% 10% 13 111 1115 23 - 19% + 19% + & T + 9% + % 5T% +1% 8 + % 4% + % 10332 103%: + 15% 156% — 1 4y ’H' 12% 315 1182 9% 41y 1613 67 4l 19% i+ e 16% +1% 1% + W 3% + % N THE NEW YORK STOCK EXCHANGES{U{;KSSW[PIUP ON BROAD FRONT Power Equities Take Lead, With Gains of 1 to More Than 3 Points. WHAT SYOCKS DID. Advances Declines Unchanged Total issues BY VICTOR EUBANK, Associated Press Pinancial Writer. NEW YORK, July 31.—Led by pub- lic utilities, the stock market scored a broad advance today that recovered most of the ground lost in Tuesday’s decline. Gains among power and light shares ranged from 1 to more than 3 points and in other groups. with the exception of metals, from fractions to more than a point with many new 1935 highs established. Trading was the most active since May 28 at approximately 1,900,000 shares. The closing tone was strong. Among shares pushing through to new highs for 1935 were a long list of leading utilities, industrials and specialties, including National Steel, General Motors, Studebaker, Westing- house, Coca-Cola, Collins & Aikman, Murray Corp., Radio preferred “B,” People’s Gas, Consolidated Gas, North | American and Western Union. Gains among these and other active shares ranged all the way from !, to nearly 4, and while some issues slid back .| trifle from the highs, closing figures were well up around the tops. Other shares prominent in the up- ward march included such standard | rail favorites as Pennsylvania, New York Central, Delaware & Hudson, Santa Pe and Baltimore & Ohio. For some unexplained reason Union Pa- cific was a back-slider and sold as much as 11z points lower at one time, but came up slightly before the close. By the Associated Press. CHICAGO, July 31.—Prospects the Canadian wheat crop has been dam- aged 100,000,000 bushels and the United States crop en equal amount ran wheat values up sharply today. Black rust and drought reports, especially from north of the Canadian border, were increasingly pessimistic. Minneapolis wheat prices soared the limit—5 cents a bushel—but the fact that the Winnipeg market encoun- 1, | tered resistance on upturns had a | tendency to induce profit-taking sales 68 414 32% — | 6% + 17% + % 1061z =1 19% + 1 631x + % 1564 — 4 | Th + % 40 -1 134 + % 19% + % ww—asm-mn.x.mm 370,000 12:00 Noon..... 1,220,000 2:00 P.M. -ltl for the day. Wuu-nm-nmmn 1910000 mmmu'!h' 800,000 . 1 450,000 mm here. After a maximum rise of 4!, cents, jthe Chicago wheat market closed nervous, 23-3!5 above yesterday's ;‘finish, Seplembcr. 9'2a5: corn 5 off | to 17g up; September, 7615aly; oats, | *sa17s advanced, and provisions vary- | ing from 5 cents decline to 30 cents ; gain. i “HFAT— Onen High. Jul D4ty Eiemeer - | Beptem | December. chluxn Cash Market. Cash wheat No. 2, red, 93%a97; | No. 2 hard, 1.06a1.07%;. Corn, No. 2 yellow, 85a85'2: No. 2 white, 86% | Oats No. 3 white, weevily, 34%; No. 2 white, 41a42!';, No rye. No buck- wheat. No soybeans. Barley: Nom- inal; Feed, 34a45: malting, 42a53. Timothy seed. per hundredweight, 3.30. Clover seed, per hundredweight 12.00a16.50. Liverpool Grain Prices. LIVERPOOL. July 31 (#.—Wheat fu- tures closed Arm, arch 7 Exchange, 4.95 Baltimore Quotal BALTIMORE. July 31 (. —Close. wheat Ne Wunter, garlicky. spot. domestic. Additional markets on Page B-20. MASSACHUSETTS INVESTORS’ TRUST Prospectus Will be Sent on Reguest A. S. GouLpeN & Co., Inc. NatL 2000 Massachusetts Investors Trust Prospectus on Request William W. Mackall, Jr. Investment Securities . 218 Woodward Bids. _ Dlstrict 8431, CONSTRUCTION LOANS and LOANS ON IMPROVED RESIDENTIAL PROP- ERTY IN THE DIS- TRICT OF COLUMBIA AND NEARBY MARY- LAND. 5%% Promps action B. F. SAUL CO. 925 15th St. Natl. 2100