Evening Star Newspaper, August 12, 1935, Page 14

A—14 ¥¥x CURB LSTHOLDS AT STEADYLEVELS Scattered Issues Tend Down Moderately as Re- sult of Profit Taking. By the Associated Press. NEW YORK, August 12.—The Curb market finished with a fairly steady undertone today, although scattered issues backed up moderately under profit taking. Stocks ending with gains of frac- tions to around a point or so in- cluded American Cyanamid “B,” Bunker Hill & Sullivan, Creole Pe- troleum, Gulf Oil, Newmont Mining, Pittsburgh Plate Glass and Sherwin- Williams. Hiram Walker dropped more than 4 point and American Gas, Sunshine Mining, Electric Bond & Share and Humble Oil eased. | Air Inv Inc war_. 1 | Allied Mills(a2ie) 6 | Am LI&Tr (1.20) FINANCIAL By private wire direct to The Star. Stock and Sales— Dividend Rate Add 00. High. Low. Close. Aero Supply (B) TEE Ainsworth (al%) 12 Ala Pow pf (6) 80s 65 Ala Pwr pf (7) 208 Alliance Invest .. 2 1 Alum'n Co of Am 4008 Alum'n pf (1%) 200s Alum'n. G'ds (40c) 3 Am Capital (A)__. 10 Am Capital (B) 6 Am Ct P&L A (3) 100s Am Citles P&L B 36 Am Cynam(40c)B 43 Am&For Pw war. 6 am Founders._ 7 Am Founders 1st pf (B) Am Gas&E (1.40) 49 Am G, pr(6) 1008107 Am Laundry (40c) 450s 18% 62 AmMfgCo ___. 258 Am Maracaibo _. 11 3 Am Pneu Service 2 1% Am Potash & Ch_.200s 18 Am Superpower _ 239 3 Am Super 1st pt 2 73 Am Superpw pf... 16 31 Angostura (120e). 50s 31 Chicago Grain By the Associated Press. CHICAGO, August 12.—Led by corn | all the grain markets ran downhill to- day. Big liquidating sales distinguished corn trading, largely as a result of auspicious prospects for the new corn | crop. Much of the selling of corn was of a stop loss character. Corn closed nervous, ':-3' under Saturday’s finish; December, 557a56. | Wheat 7:-2 cents down; December, 8934a%. Oats, 1-13;, off. Provisions unchanged to a rise of 20 cents. WHEAT— Open. Higl Sept. i Doe May CORN Sept. - Dec. May OATS. Sept | Cables, 235 1240 " FeiLies 8ent Z1n07 19.00 Chicago Cash Market. Cash wheat—No. red, 89%-90%; No. 3, hard, 98-98!,. Corn—No. yellow, 84%; sample grade, 80%. Oats —No. white, tough, 30'2 sample grade, 25-27',. Rye—No. 2. 46l No. 3, 43%2: no buckwheat; no su) beans; barley ncminal, feed 34-45, malting 42-60; timothy seed, per hun- dredweight, 3.10, clover seed, per hundredweight, 11.00-17.00. | Cities Liverpool Grain Prices. LIVERPOOL. August 12 (4 futures closed easy. —Wheat Prev w. Close. close October Al December March ___ Exchange, 4.00%: Baltimore Quotations. BALTIMORE. Auzust 13 uP—Close Wheat. > red Winter, garlicky spot do- August, 7 INSURANCE STOCKS NEW YORK. August 12 () Becurity Dealers’ Association Actna Cas (212a) Aetna Fire (1.60) Aetna Life (.60) Agricultural (3 An: Ins Newark (11 Am Reinsur (> Am Surety (1) Automobile ( s Balt Amer (.20g) Boston (16) Carolina (1.20a) _ City of N Y (1) Conn Gen Life (80)~ Fid & Dep () Firemen's Ins Frank_ Fire (1 Glen Falls (1.4 Globe & Rut___ Grest Amer (1) - Halifax (.90) Henover (1.60) = Hartford Fire (2'za) Home Fire Sec Home Ins (.15a) - Homestead (1) Nor River (R0a) _ Phoenix (2%5a) Proy Wasn (1) 8t Paul Pire (7'3a) Springfielq (4%2) Sun Life _____ Travelers (16) ___ U S Fire (1.60a) Westchester (1.30a) 2—Including extr: e—Declared or paid so far this year. NEW YORK BANK STOCKS‘ NEW YORK Ausust 12 (7.—New York | Becurity Dealers’ Association | (Quotations as of 2 o'clock.) Bid. Asked. Bk of Man (1'3) : Bankers Tr 3) Bklyn Tr (4) __ Cen Han Bk & Tr (6) Chase Nat (1.40) _ Chem Bk & Tr (150) Commercial (%) __ Cont Bk & Tr (.80) Corn Ex Bk & Tr (3) Empire Tr (1) Fifth Ave (34a) First Bost C (1. Pirst Nat (Bos) First Natl (100) Guaranty Tr (12 Irving Tr (.60) Manufacturers Tr (1) Natl City (1) _ N Y Trust (5) Public_(1%2) _ Title G & T _ United St Tr a—Including extras. s—Declared or paid so far this ve: FEDERAL LAND BANKS NEW YORK. August 12.—Federal Land | Bank bonds: Quotations as of 2 o'clock.) Bid 10172 101% 106 104 104 10 104 104 107 % 10134 o 90% i Asked. 102 101% 1063% 10434 1043, 1033 10434 1043 108V 10254 100% Jan., U. S. TREASURY NOTES. (Reported by Chas. D. Barney & Co.) Rale—Maturity, Bid Dec. 15. Apr. June Aus. Sept. Dec. Feb. Ap~. 8e Feb. Mar. June Sent June Dec. Mar. June 4022 100 CHICAGO LIVE STOCK. CHICAGO. August 12 (P (United States Department of Agriculture).—Hogs. 10.- 000 _including 3500 direst, Active. 10 20 cents higher than s ipots best grade 170-350 pounds, to, 250-350 pounds. ostllll‘hnl n:hu, 11.50a75. s largely "cm.'e 13000, Tcalves. 5,000, _Two- way mirket on steers and yearlings: strictly grain fed kinds nrvng 25 cents higher; others weak to 25 cents Jower: this downturn affecting all gTassy e stock: supply fed steers comparatively -null and kinds se"'"3 at 1100 nw;m getting good acti- *ol 2:25; earlings. 12.00; Fiarlings 1100, 80 Tberal supply nai Juthwestern th 1n"crop; - stockers ve'y scarce and firm R.000: early sales fat range lambs at 8.75a90. 10 to 15 cents lower: closely sorted fat native lambs at 9.00. teady:bidding unevenly lower on unsold jots; sheep and yearlings steady; odd lots sou, yearings, 6.60 and 6.75; lew fat | Cons Copper _ Ark Nat Gas A Ark Nat Gas cu pt Art Met W (40¢) . Asso E 1 (p213sc).- AssoG & I - Asso G & E (A) __ Asso G&IE §5 pf Asso Rayon Atlas Corp (asoe) Atlas Corp war Atlas Cor pf A (3) Auto Voting Machine (50¢) Ax-Fisher(3.20) A abcock& W (40¢) | Bellanca Aircraft. | Bickfords Inc (1). ss Co (B W) _ Blue Ridge Corp . Blue Ridge pf (3) Bower Roll B (1) Brazil Tr L&P Bridgeport Mach. Brill Corp A Erill Corp B Erit Celanese Lud re Brown Co pt Buckeye P L (3). Buf N& EPpf (1.60) Bunker Hill&Sul Butler Bros Wire (B). Can Marcon Carib Syndicate__ Carrier Corp - atalin Corp id Corp. t Hudson G & ctfs (80c) Cent Power & Lt 7% pf (312) I Cert&swLul Cent States Elec Cent States Elec v pf Cent States Elec cv pf (new) Cent St 21 6% pf Central States Elec 7% pf Chi Riv&M (1%2) Childs Co pf ties Service rvice pf c1vice B 5 Cities S P&L $6 pf200s i Clev Elee Hiu (2) Clev Tractor .- Colon 01 Colts Pat F A 1% Columbia Gas & tlec cv pt (51 Columb O&G vte Com'with Ed (4) Com'with&S war. Como Mines 7 2 Community P& L 1st pt Consol Aireraft 700s 19 400s 1n 4 82 10 32 Consol Gas of Balto (3.60) Cons Retail St 2 Cons Retail Stores 8% pf ww 10s 60 ContG&E pr pf(7) 200s 8 Cooper Bessemer Cooper Bess pf A Cooper Range Cord Corp Light an Old Gold... /57 yOZ//Zy /fl// | 36% kg 3% 18% 16% Bix 2 2 BN | Ark NatGas ._ 21 0 & 260s 16% 13% 33 3 89 3t 3 34% bl 65 3% 1 18% 38% 374 107 3 36% % 65 3% 1 18% 611y 98 13% 2% 31 384 107 [ Elec Pw&Lt 24 | tntl Mining war THE EVENING STAR, WASHINGTON Stock and Disiiead Bete. 20400, High. Low. Closs. 20 14 36 Crocker Wheeler. Croft Brewing. Cusi-Mexicana M. Det Gray Iron & Foundry (b10c). 31 Dictograph Prod 9 Distillers C-Seagr 87 Distilled Liquors. 1 Doehler Die Cast. 2 Dow Chemical (2) Draper Cp (12.40) 10s Driver Har(a2ic). 3 Duke Power (3) .. 758 Duval Tex Sulph L Eagle Pitcher Ltd 1 Eastn G&F Asso 7 Eastn GRFpIA(6) 125 Eastn G&F prpf (4%) .. 258 Eastn States Pw_ 17 astn Sta Pw (A) 7008 Eastn Sta Pw (B) 2008 Easy Washing Mach B (a25c) Eisler Elec Corp . Klec Bond&Share Elec Bd&Sh pt (5) | Klec Bd&Sh pf (6) El Pwr Associates El Pwr Assoc (A) Elec Pw & Lt opt war squity Corp | kix-Cell-O A&Tool “airchild Aviat'n Fajardo Sug (a3) Falstaff Brewery Fanny F C (5vc) .. Fedder Mfg (A) Ferro Enam 160¢) Fidelio Brewery Kire As Phila "isk Rubber Flintkote (1) Fla &L pt | Ford Mot (Can) (%) A Ford Mot (Can) B (1%) Ford Mot Ltd (al7.7¢c) Froedtert Gr & M conv pf (1.20). | Gen Alloys cv pf (Bl | Gen Invest Corp.. | Gen Pub Sve pf. 1508 Gen Tire & Rub _ 1008 orgia Pw pf (5) Gorham vic ext (@l) Grand R Var (50c) Great Atl & Pac Tea n-v (16) Great Northern Paper (1) : Suardian Invest. Gulf Oil of Pa | Hall Lamp . Harvard Brew Hartman Tob Hazeltine Corp(1) Hecia Min (a10c) Heyden Chem(11) Hollinger G(165¢) {orn&Hard(1.60) 3 lorn&Hard pf(T) «Hudson Bay Min & Sm(ai0c) Humble Oil (1) Hydro Elec Sec__ 1 P, ni Pw imp Oil Ltd coupon (150¢) Indiana P L (30c) 1 indus Fin 7% pf.. 25s Insurance Co of North Am (2) . 1 int! Hydro Elec System cv pf Intl Mining (a30c¢) 6755 [ 1 10 Int Petrolm(f1%) 38 Intl Util (A) - 2 Intl Util (B) _ 7 ron Fireman Mtg vie (1) __ 508 Trving Air C(160c) 7 Jonas & Nau 1 Jones&Laugh Stl 4008 Klein (DE)(f1) .. 1 Koppers Gas & Coke pf (6) Kreuger(G)prew Lake Shore M( 10 Lakey Fy & Mch 1 50s 3101% 105 10515 105" 9% 8% % # % 1% 8% 8% 6% 6 244 24 12 12 20% 20 100% 61 20 60 8% b 61 20% 61 8% 5| 5, 64 1% 16 15 10 B AT 47 1074 50 2 | Pacific G k 10 g 10543 Stock and Sales— Dividend Rate Add 00. High. Low Close | Lehigh C&N(50c) 6 Lerner Stores (2). 7 Libby McNeill&L. 3 Lone Star Gas 30c 13 Long Island Light 44 Long Island Light of A (T) Long Island Light »f B (6) Louisiana L&Ex 60s 508 30 { Lynch Corp (2). 4 McCord Rad (B) 2 Mc W11l Dredg (124008 Mangel Stores pf_ 30s Maryl'd Casualty. 6 Mead John (13)._. 3 Mem Nat G(al0c) {5 Mercantile Stores. 41 Merritt Chap & Scott pf A Michigan Sugar. Middle States Petrol vtc A. Middle States Petrol vic B __. | Middle W Ut (d).. Midland $tl Prod. Mohawk Hudson 1st pf (4) ... Molybdenum Mont Ward A (7 Mount Prod (60c) Murphy Co (1.60). Nat Bella Hess Nat BA&Sh (t1) at Investors - 10 19 11 | Nat Leather Nat P&L pt (6) _ 150s at Rubber Mach Nat Service B Nat Sugar N J(2)_ Nat Union Radio Nehj Corp New Brad O (20¢) N'Y Auction _ N J Zine (2 Newm Min (al)_ Y Shipbldg N Y Steam Niag Hud Pw. Niagara Hudson Pw (A) war __ 16 Niles-Bem-Pond 6 Nipissing(al2ice) 2 Noma Elec Corp - North Am L&P . 45 Nor Am L&P pf.. 3008 Nor Am Util See 2 Northn Europ Oil Northn N ¥ Util ot (T) Northern States Power (A) Novadel Ag (2) . Ohio Edis pf (6) Ohio Pwr pt (6) Outboard Mot A Outboard Mot B Overseas Secur Pacific Eastern .. Pacific G & E 99 11 1008 %) B 1stpf (112) 5 Pac Public Sve 11 Paclfic Public Sve pf (32be) Pac Tin spec (1) Pan-Am Air (1)__ Pantapec Ofl Parke Davis (1) Farker Rust (13) Pennroad Corp Penn G&E(A) 113 Penn W&P ( Pepperell Mfz (3 Phila Co (80¢) Phoenix Secur Phoenix pf Pie Bakerie 18 4258 | Pioneer Gold Mines Ltd (80c) Pitney Bo P Pitts Forge Pitts & L B (2%) Pitts Plate G(12). 1 Potrero Sugar 1 Prod Royal(zlc) & Properties Realty vie (al.43) Propper McCall'm Prudential [nvest Pub Sve Northn 111 no par Puget Sound Pw & Lt $5 pf 2008 Puget Sound Pw & Lt $6 of -- 400s Rwy&Lt Secur 2258 Rainbow Lum (B) Reliable Stores___ ReybarnCo. ... Reynolds Invest .. tossia Intl Corp.. beroid Co (1) (20¢) 208 08 18 50s AMERICA’S Smoothest - 508138 hlll - 1005104 8 T 66 65% 61 6% 84 84 6 o 81 66 h‘n ht, 5! 14% §14% 19 1 19 1% % L] 16% 73 134 18 138 10?’ 1!0 214 39% 1% 21 40 4 9 91 | Texas Gulf Prod . 8 3| Texon O&Ld(60c) 2 9% 7% | Safety C H&L (3). 50s 6% | St Regis Paper___ 176 8t NDAY, AUGUST 12 NEW YORK CURB MARKET QUOTATIONS Stock and Sales— Dividend Rate. Add 00. High. 80 80 80 7 2% 367 7 | St Anthony Gold.. 22 £ St Regis Paper pf 490s 41 Salt Creek P(80c). 7 Secur Corp Gen__. £ 9 Segal Lock & H. 5 Selected Indus._ Selec Industries allot ctfs (3% ) 3508 | Selec Ind pr (335) 100 Seton Leather Shattuck Den Min Shaw W&P (30c)- Shenandoah | Shenandoah of Sher-Wilms (4) Smith (A 0) Sonotone Corp South Am Gold & Plat (40c) __ Sou Penn O (1.20) | Spanish&Gen rets Sq Deal pf A 2.20. Square Deal (B) Stand C&S (2.40) _ Stand Oil Ky (1) tand Oil Ohio tand Pw&Lt B_ Stand Stlver & L, Starrett Corp. Starrett Corp pf | Stein(A)& Co(1) - Stutz Motor . Sullivan Machine un Investing unray Of1 Sunshine M(1.20)_ vift Intl (2) .. Swiss Oil (40c) .. Tampa Elec (2.24) | Tasteyeast(Del)a Technicolor Inc Teck Hughes(40c) L 18 10 Thermoid cu pt__ 100a | Tonopah Mining 3 Trans-Lux Daylite Pic Sn (20¢)___ Tri-Contl C war _ Tubize Chatillion. Tubize Chatil A __. Tung-Sol Lamp__. Union Gas (Can) (a10c) Union Tohacco Unit Air war Unit Carr ¥ (1) | Unit Corp war_ Unit Founder: Unit Gas Corp | Unit Gas Cor war. Unit Gas Corp pt. Unit Lt&Pw (A) _. Unit Lt&Pw B Unit Lt&Pw pf Unit Milk Prod 5 Unit Molasses Ltd | «asise) Unit Profit Share_ Unit Shoe Mach | (t23g) 2 US Elec Pw ww « U S Foil (B) (60c) & Intl Secur __ S & Intl Secur 1stpf ww ___ Linespf_____ 3 Play C (11) __ 100s Radiator pf__ 25 Unit Stores vie __ Unit Verde E 40c Unit Wall Pap(n) 75 Univ Insurance - 100s Utilities P&L Utilities P&L pf Utility Equities Utility Utility & Indus Utility & Indus pf Venezuela Mex O Venezuela Petrol_ Waco Alrcraft Walgreen Co war_ Walker (Hiram) _. Walker (H)pf(1)_ Wenden Copper | W Va Coal&Coke_ Western Auto Supply (3) A Westmorel'd Coal Williams(R C)(1) Woodley Pet (40c) 2 514 Wright Harg t40e 21 T Dividend rates tn dollars oased on the | last quarterly or semi-annual payments TAnnual rate—plus extra tAccumul dividends_ aPaid this yesr bPaid iast vear dCompanies reported in recever- *hip or being reorsanized xEx dividend 10 ted NEW YORK BAR SILVER. NEW YORK, August 12 () —Bar silver quiet ard unchanged at 67%. Low. Close. | FINANCIAL AGTION PLANNED Republic Chairman Declares Companies Will Proceed Immediately. By the Associated Press. CLEVELAND, August 12—T. M. Girdler, chairman of the Republic Steel Corp., sald in a letter to stock- holders today that Republic and Cerrigan-McKinney Steel Co. will | proceed immediately to complete the ! merger of the two concerns. | Girdler said a stockholders' meeting | set for August 15 will be postponed ! pending completion of final dslalls; leading to the merger. Officers of the company stated they | expected that an amended registration | Securities and Exchange Commission | early next week and that the stock- holders’ mid-September. i The action followed the recent De- partment of Justice announcement | that it would not appeal the decision of the Federal District Court which | refused to enjoin the merger. Girdler's letter sald, in part: “Diligent effort will be made to complete promptly registration with | the Federal Securities Commission of the securities to be issued under the plan; also to effect final arrange- ments for the sale of new bonds to be | issued, to prepare and mail to stock- | holders the required prospectus and to | complete all other necessary arrange- | ments.” 'BALANGE ACHIEVED | AT LUMBER MILLS |Survey Committee Reports Better Ratio Between Output and Sales. For the first time in its four years of existence the Special Lumber Sur- vey Committee does not recommend a reduction of lumber stocks. The com- mittee’s quarterly report to the De- partment of Commerce for the thira quarter of 1935 finds that a reason- able balance of production and con- sumption of lumber has been substan- tially Testored. Lumber consumption “for the first Kalf of 1935 is estimated at 8,002, 000,000 feet as against 7,884.000.000 in the first half of 1934. Production in the first haif of 1935 was 2 per cent ligher than in the corresponding pe- riod of 1934 in the operating mills, but 1ot production is indicated to be &bcut 18 per cent less. This falling- off is largely due to the closing of many small mills which were operat- ing & year ago. However, the belief 1s expressed that total production for the yea: will be about the same as last year. FOREIGN EXCHANGES. NEW YORK. August chunge steady. Great in cents: G 12 (P.—Foreign ex- 4.97% France, deman Pin Spain, 13 Yusoslay 13 ON STEEL MERGER statement would be filed with the | ¢: NEW YORK CURB BONDS DOMESTIC BONDS Pw 4Ys Alabama Pow bs Alabama Pow 58 Amer P & L s Am Roll Mill Avpalach Pow 5s Apich Pw 65 A Baldn Lo tis ' Bell Tel Can bs A Bell Tel Can Brmngm El 4 Brmham Gas Broad R P 5s A | Canadinn Pe-da Can No P Carolin Cent Ariz L&xP CnIPSPL5s E Cent 11 P§ 4! Cent 1l PS 5 Cent Me P Cent Me 4! nt Pow 5s D Gent pw & Lt Cent Sta Elec Cn 8t El i :(’ meeting will be held about |E Srv Srv Srv Pw Srv PL El Tiiu s Com Sub 55 Comnty P&L ‘Q\mn Riv Firestone CM Florida P&L 55 Gary E & G 38 Gatineau Pw s tineau Pw 6 Gatineeu P tis Gen Bronze Gen Pb UL 6 Gen W GAE Geoigia Pw 5 Idaho Power : Ilins Cent Il Pw & L nPep&l Il Pw & Il Pw & L Ind El Mess Gas 3 Memph_P&L Metro Ed Metro E Mon WP story” High. ‘87 B 4677 1031 ‘51 9y 983 9iita 0814 i1 105 105 Low. Close | Mont LH&P 5s A Narragansett bs A Nat P&L bis A ° it | Nat P&L nm. |Nat P 8'; cod Neb Pw 4%5s ‘81 | Neb Pow_6s A Nevada Calif 5 Rew Ene G&E New Eng New En G&E New Eng Pow New Eng P N Orleans 4 N Y P&L N Y St EG 413 Niag P P ¢ N Con U 5 Nor Stat P 4125 ‘61 Nor Stat P 5%2s '40. Northw El #s '15 Northw P 65 A 60 Fortld G C Pot Ed 4! Pot Edis Pow Sec Pub_Se stp)—Stamped tCompanies repor 1031, 10 103 1t 973, 4 BR% &R t #la 9y Z110% 110 e 1oy ts. xw—Without war- wi—When issued. ted in receivership. ed by maturits PERFECT HOLIDAY " is never a “fish when the skipper takes along a friendly cargo of Old Golds for pleasant companionship. For Old Gold’s fine tobaccos, like fine wines, do promote friendly feelings. That’s why some call Old Golds . . . “young ideas”! If you have experienced this pleasant stimu- lation, give the credit to Old Gold’s exception- ally mild tobaccos. Such choice leaf is mever- failing in its kindly influence on the spirits. SMOKERS! GET THISI We GUARANTEE that Old Golds contain the choicest Turkish and domestic tobaccos grown; the finest obtainable at any price. Only such fine old tobaccos can give that natural aroma .and fragrance of Old Gold cigarettes. . ESTABLISHED 1760