Evening Star Newspaper, August 20, 1935, Page 16

A—]_fi k¥ UP AFTER SLUMP Utilities Reduce or Cancel Losses—Others Also Recover Slightly. By the Associated Press. NEW YORK, August 20.—A feeble rally in utilities which brought lqaders back to unchanged or slightly net higher positions, was the principal trading feature in late Curb market dealings today. Other sections of the list likewise tame up slightly from the lows of the day, but the main bedy of stocks were still below Monday's finals. Trading was active. BONDS ON THE CURB MARKET. DOMESTIC BONDS High. Low. Close. Abbott's Dair 6s ° 10434 10375 10412 Alabama Pw 413 abama Pow Alabama Pow 5s Am Raadi2e Am Roll Mill Am Seating Hs Appalach Pow 100 a6 i &E Dlis Asso T&T 515 A 31144, 118 01 80 2 891 11 Brmham Gas Broad R P _5s Caradian Pc ap Ad 5 Carolina P&L Cent Ariz L& Cn'lP: Cert Tl PS4 30 Cent TIl PS 55 G 'Ax’ 2 T 697 s = L'y Chi Ry 55 ctls R Cin St R 5'28 A '3 Koty ER gervie 8,2 5ma s Sermiee 12 e Gar s av. aha Cit Srv Gas P Ya Cit Srv Pw 5! 2 36 Cit Srv PL 5 75 1104, ll:- F restone CM Firestone Tire 2| Carrier Corp.. FINANCIAL. By private wire direct to The Star. Stock and Sales— Dividend Rate. Add 00 Aero Supply (B) . 3 Ainsworth al%) 1 Air Investors Inc 2 Ala Grt So (b2) _ 1258 Ala Pwr pf (1) 108 Allied Mills(a25c) 15 Alum’'n Co of Am 400; Alum'npf (1%) 100s | AlumnLta ___. 1 | Am Beverage Am Book Co (4)__ 108 Am Capital (A) Am Capital (B) _ Am Cities P&L B Am Cynam(40¢c)B Amé&For Pw war_ Am Founders ___ Am Founders 1st pf D | Am Gas&E (1.40) | Am G&E pf (6) | Am Laundry (40¢)200s Am Lt&Tr (1.20) 25 | Am Maracatbo . 2 | Am Meter Co ... 200s Am Potash & Ch.. 50s Am Superpower._. 271 Am Superpw pf__. 10 Am Super Istpf 7 Am Turead pf - 2 M (25¢) - 208101 101 101 3 2% 24 2 Appalachan Elec 21y Pwrof (7). | Ark Nat Gi £ Ark Nat Gas A _ Ark Nat Gas cu pt o Art Met W_(40¢) T 1% 1% 8% . Low Close o .. Toa 34 54 37 2508 106% 181 141 2 14% 27 % AsSOG & E ASs0G & E (A) Asso G&E $5 pf .. Asso Inv (4) - Asso Rayon - Atl Coast Fisher Atlas Corp (a30c) Atlas Corp war Atlas Cor pf A (3) Auto Voting Machine (t50¢) Ax-Fisher(3 20)A | Bickfords Inc (1) Bickfords pi(21z) | Biiss Co (5 W) | Blue Ridze Corp Blue Ridge bt (3) | Bourjois Inc | azse) 1 17 75 18 * | Bow Brazil Tr L&P. Brill Corp B Brit Celanese Litd rets 11.60) | Buffalo Niag & Eastp 1st pf(5) 150s Burco Inc war____ 1 | Burma Lt a47.7¢) | Butler Bros 2 6y 6ly Cables&Wire (B). - - | Can Marcom 2 1% 1% 12% 134 BTa 94y 109 109 108 108 2 | Catalin Corp | Celanese pf (7) | Celanese 1st pf(7) 25s Cent Hudson G & Ectfs(80c) .. 1 Cert& S W Util.. 20 Cent States Elec 107 Cent States Elec cv pf Cent States Elec cv pf (new) Cent St El 6% pf Central Siates Elec 7% pt 650s CentrifuzalP(4vc 2 | Cities Service Cities Service pf 109 108 - 100s . 11 3% 2014 20 DIVIDENDS ANNOUNCED NEW YORK. August 20.—Di clared (prepared by the Standard Statis- ties Corp.) Resumed. Rate.us;, Block of Pay- ate.riod. record. abie. Nehi Corp $5 'y 1st pf__ ~$1.31% _. 9-14 10-1 Accumulated. Stoufter Corp 3 i 36%c .. 8-20 Consolid_Film Indus cum pfd______ 5 10-1 Tcrea vidends de- | 8-31 | ' THE EVENING STAR, WASHINGTON, D. C, Stock and Sales— Dividend Rate, Add 00, High. Low. Close. Citfes ServiceB.. 1 3 3 3 Cities Sve pf BB.. 30s 23 Clev Elec Illu (2). 1 46 Clev Tractor ... 2 15 Club Aluminum.. » 4 T Cclon Of1 ) ColtsPatF A1 1350837% Columbia Gas & Elecev nf (5) 7008 Columb O&G vte 6 Com'with Ed (4). 6 Com'with&S war. 76 Community P& L 1st pf £ Cominunity Wat Como Min Compo Shoe Mach s.t.c.(50c) Consol Aircraft.... Cons Copper . .. Consol Gas of Balto ( Cons Reta Cons Retail Stores 8% pf ww 108 ContG&E pr pf(7) 1008 Cooper Bessemer. 6 Cooper Bess pf A Cooper Range Cord Corp Corroon & Reyn Crane & Co = Creole Petroleum. Crocker Wheeler_ Croft Brewing Crown Cent Petr_. Crown Cork Intl o W s ~RaSansw— Cusi-Mexicana M. Det Gray Iron & Foundry (b10c) Distillers C-Seagr Distilled Liquors Dow Chemical (2) Driver Har(a25¢c) | Duke Power (3) _ | Duval Tex Sulph. Eastn G&F prof (414) lastn States Pw stn Sta Pw (A) 2005 tn Sta Pw (B) 8008 <y Washing Mach B (aZ5¢) . FEdison Bros (1) __ sler Klec Corp .. | Elec Bond&Share 9 Elec B4&Sh pf (5) Elec BA&Sh pf (6) El Pwr Associates Ei Pwr Assoc (A) Elec Pw&Lt 2d Pt A s Elec Sharehold'g- Elec Shareh!d'g Df WS (313;)_ Emp Dis Elec pf _ Emp G&F 6% pf__ Emp G&F 7% pf_. Equity Corp - Eurovean Elec | Lea ca)s0e) . | European Elec Ltdbdrts ___ . Evans Wall Lead Ex Cell-O A&Tool Fairchild Aviat'n | Fajardo Sug (a3)_ Falstalt Brewery To Enam (60c) 18 | | F 1's| Fidelio Brewery _ First Nat Stores 1st pf (7) | Fisk Rubber Flintkote (1) A Ford Mot (Can) (%) A Ford Mot (Can) B (1%) Ford Mot Ltd ; (al7 7e) | Froedtert Gr & M | _convpf (1.20) | Gen Alloys General Electric Ltd reg(a37%c) | Gen Fireproofing Gen Gas & Elec evpf (B) ._____ | Gen Invest Corp . Gen Tire & Rub _ Glen Alden C (t1) Godchaux Sug(A) Goldfield Consol __ | Gold Seal Elec . Gorham pf ww Grand R Var (50¢) 200s 3 3 80 1041 581 Elec Control & Mig. Mesta Machine Co.__ Stoc! Seiected Am Shrs Inc - egular. R Adams Express pfd_S$1 Associates Invest Do. pf z Baldwin_Co 677 pf A_S! Bayuk Ci_Inc 1st pf’s Brewer (C) & Ci Do Bkivn & Queens Tran Goldblatt Bros ____ . Green Moun S f S1 Hollinger Consol Gold 80 41047 60 10-1 10-1 30 2 | Union Refrig Transit %o 6127 of. $3. | victor ‘Monazhan pf Vikine Pamo S5 40 | Callfornia ok | Katz Drug Co.._ 8'S Kresoe Co. &S Q pf_60c Q co. " 30c @ c _ New Eng Tel & Tel_$1.50 Q C. N. R. REVENUES GAIN. Guardian Invest.. Gulf Oil of Pa Gulf Sta Ut pt (6) Haruman Tob _ Hecia Min (a10c) Hollinzer G(165¢) Holly Sugar ___ Hudson Bay Min & Sm(a50c) Humble Oil (1) _ Hydro Elec Sec | Il Pw&Lt $6 pf Imp Oil Ltd coupon (t50¢) .. Imp Tob Can (135¢) ceee Insurance Co of North Am (2) Int! Hydro Eleo System cv pf | Intl Mining(a45c) tntl Mining war Int Petrolm(t133) Intl Util (A)_ | tntl Util «B) ____ ‘nterstate Power (Del) pt Harvard Brew____ 3 8 3008 1 9 1 6508 18 1 400s 1 6 29 1408 | Irving Afr C(t60e) 2 Ital Superpwr(A) | Jonas & Nau 4 Jones&Laugh St Kirby Petr (a10c) Kolster-Brandes Am shares __ Kreuger(G)srew. Lake Shore M(t2) 1 1 1008 7 MONTREAL, August 20 (Special). i —The gross revenues of the all-in- ! clusive Canadian National Railway Lehigh C&N(50¢) Lone Star Gas 30c Long Island Light Stock and Sales— Dividend Rate. Add 00. High. Low. Close. Pennroad Corp 24 Pepperell Mfg (3) 40s Phila Co (80¢).. 1 Phoenix Secur . Phoenix pf (3) _ 1 Pie Bakerfes(60e). 2 Ploneer Gold Mines Ltd (80¢c) .. 6 Pitney Bo P (20c) 3 Pitts Plate G(+2). 1 Pitts& L E (2%). 508 Potrero Sugar . .. 2 Premier Gold(12¢} 27 Prod Royal(233¢) B Properties Realty vte (al.45) 508 Propper McCall'm 2 Puget Sound Pw & Lt$5pf_. - 1208 3 Puget Sound Pw & Lt$6pf __._...1258 Rwy&Lt Secur... 100s Raymond Con pf.. 268 Reybarn Co Richfield Oil (Cal) prior (d) g Roosevelt Field _ Root Petrolmeum. Root Petrolm pf_. Rossia Intl Corp . 1 Typewriter. Ryan Consol ____ Safety Car Heat & Light (43) ___ St Regis Paper.... St Regis Paper pf Salt Ck Cons b10c Salt Creek P(80c) Schulte Real E(d) Secur Corp Gen Segal Lock & H._. Selby Shoe (2) Selected [ndus Selec Industries allot ctfs (3% ) 2008 7 Selec Ind pr (314) 100s 7 Sentry Safety Con 3 Shattuck Den Min Shaw W&P (50¢) . Sheaffer Pen (al). Shenandoah Shenandoah pf _ Sher-Wilms (4) _ Shewin-W pf(6) Smith (AO) Sonotone Corp .. South Am Gold & Plat (40c) __. Sou Penn O (1.20) Southn Calif Ed of B (1%) = Southn Calit Edis D C (1%) Sou'land R(t20e) - tand C&S (2.40). 50s ! tand Inv cu pf _ 1508 26 Stand Oil Ky (1) Stand Ofl Nebr Stand Oll Ohio Stand Pw&Lt Stand Stlver & L. Starrett Corp p€__ 2% 2% 63% 11% 2% 40 10% 9% 6 781 6815 2% 14 * 2% 63% 11% 2% 40 10% 9% 6 8% 69 2'% 1ls & 1815 % 3474 | 16 % t ' TUESDAY, NEW YORK CURB MARKET QUOTATIONS Stock and Sales— Dividend Rate. Add 00. High. Low. Close. Stein(A)&Co(1). 1 13 13 13 Stetson (J B) 258 11% Stutz Motor . I Sullivan Machine 300s Sun Investing.____ Sunray Oil. - 8 Sunshine M(1.20). 2 Swift Intl (2) Taggart Corp.._- Tampa Elec (2.24) Teck Hughes(40c) ‘Technicolor Ine._. Texas Gult Prod .. Texon O&Ld (60¢) ‘Thermoid cu pf. ‘Todd Shipyard (2) Trans-Lux Daylite Pic 8n (20¢) - Tri-Contl C war__ Tubize Chatillion. Tung-Sol Lamp._.. 7 Union Gas (Can) (al0c) Unit Air war_. 11% 1 3% 13% 3w 5% 381y 27 2% 13, 5% 4% 1t 1 Unit Gas Corp Unit Gas Cor war. " Unit Gas Corp pf.. 724 Unit Lt&Pw (A)_. 3l Unit Lt&Pw B S Unit Lt&Pw ot __ Unit Shoe Mach (123%) -.3008 Unit Shoe Mach of (1%) U S Elec Pw ww U S Foil (B) (60e) U S & Intl Secur__ U S & Intl Secur 1st pf ww___ U S Play C (1) U S Rub Reclaim_ Unit Stores vte . Unit Verde E 40¢ Unit Wall Pap(n) Utah Pwr & Lt ptf (31.16%¢) .__ Utilites P&L___. 6 Utilities P&L pf . 400s Utility Equities 6 Utllfty kaq pf(315) 2 Utility & Indus pt Venezuela Petrol Waitt & Bond (A) Walker (Hiram)_. Walker (H)pf(1)_ Wayne Pump____. Wenden Copper___ W Va Coal&Coke Westn Alr Exp(n) | Western Auto | Supply 3)A _2 | Wil-low Cafe pf Woodley Pet (40¢c) | Wright Harg t40s 4 Ti T Yukon Gold _ 15 1% 15 Dividend rates in dollars based on the 82 2% 56 3 5% last quarterly or semi-annual payments | | TAnnual rate—pius extra. tAccumulsted dividends d this year bPaid last year. dCompanies reported in *hip or being reorganized xEx dividend 18% | recetver- | AUGUST 20, 1935. FORU. 3. RECOVERY Raising of New Capital or| - Industrial Expansio Made Possible. Special Dispatch to The Star. NEW YORK, August 20.—It fis profits that make prosperity, not | prosperity that makes profits. As a matter of fact prosperity often results in severe losses for those who over- reach, Right now profits are proving te be | | promising stepping stones to the no!ld; ground of healthy and expanding in- | | dustrial activity. Only as a business | 1 | profits is it able to raise new capital | on advantageous terms and enter a cycle of growth which is beneficial directly to labor and investors and management, and which indirectly | contributes to the well-being of cther | | enterprises which supply it with ma- | chines and materials and services Because the motor industry is mak- ing profits, General Motors is plan- ning to expend $50,000,000 in ex- pansion and improvements to plants | and up-to-the-minute machining. | The steel industry feels the first stir- ring of sustained recovery n a| miscellaneous demand which keeps | operations at a level double that of a year ago, although buying by the rail- |road and the building industry still| lags. Profits, it is believed, are in sight for even the big, thoroughly integrated and highly diversified com- panies, so they are buying mass pro- duction machinery, which is the last word in efficiency. Volume Counts in Steel. | Volume is in the making. and that is what counts in steel, which is a | mass-production industry. | Railroads may also be said to have | & high “break-even point,” for it is difficult to bring expenses down be- yond a certain minimum. But when traffic rises bevond the point which | pays expenses it is possible to carry | | over a large proportion of the added | gross revenues to net. A great many | | trunk lines could handle 25 per cent more freight than they are now carry- | to 8. on | United States shipments. FINANCIAL. In Sears, Roebuck Sales for Month By the Associated Press. CHICAGO, August 20.—Sears, Roe- buck & Co. today announced sales of $24,587,644 for the period of July 17 to August 13, an increase of $,303,528 over the $20,284,116 total a year ago. The company also reported total sales of $202,709,948 from January 30 to August 13, an increase of $41,786,- 332 over last year. CHICAGO PRODUCE. CHICAGO. ~ August 20 (P —Butter, 13.045." steady: prices unchanged E steady: prices unchanged Pouliry. “live. 1 car. “X trucks: steady to firm: hens ' 4'; pounds and less 1% more than 4 pounds, 18'. Leghorn hens, 14: 15a19: colored. 17 Rock Springs. ers. 18: colored. ); colored. 1K: Rock broil- 17: barebacks, 13al5: Leghorn _chickens. 16%2a17'a: roosters turkeys. 1lal4: old ‘ducks 3: you te ducks. 4% pounds up 6. small ducks, 13; old geese 170: total 7: dull and weak: supplies rather light. demand and trading_siow:_sacked. per hundredweight Idaho “Bliss Triumphs. U _S. No. Russet Burbanks. U. 8. No. 1. 1 Pennsylvania Cobblers. U. S. No. 1 a isconisin Cobblers. un- ing decay. 1.17%2% W classified, 40; Bliss Triumphs. U. No. 1. 95- Nebraska Triumphs. i Maryland Cobblers, showing slight dec. track U. 8. No. 1, 1.15. 5 17 ing with hardly any addition to costs. And once the rails get out of the red in a sizable way, they may be counted upon to become rather gen- erous buyers cof equipment, contrib- uting to the recovery in steel and bringing the railway equipment in- dustry back to life after 10 years in the ice box. Retail Outlook Good. The profit ocutlook for retailers is considered good for the Fall months, because higher retail prices in con- sonance with advances in wholesale | prices are expected to meet little buy- ing resistance and should result in a higher dollar value per sale. The 14 per cent gain by department stores in July reflected an increasing turnover of merchandise units, for the Fair- child retail price index stood at 852 at the beginaing of August, a decline of 0.6 under the previous month and 3.1 below that of the corresponding month a year ago. A 15 per cent sales increase is 2xpected in the Fall and a satisfactory proportion of that will go to net, because major elements of costs will not be increased (Copyright. 1975) fair quality, | WHOLESALE INDEX " CONTINGES TORKE |Fertilizer Association Finds | Average at Highest Point ; of Recovery. There was a continued, though slight, rise in the general level of wholesale commodity prices in the week ended August 17, following ad- vances in the three preceding weeks. | The index of the National Fertilizer Assoclation rose to 78.9 per cent of the 1926-1928 average, the highest point so far reached during the re- CCNEI’Y period. A week ago the index was'78.8, a month ago, 77.3, and a year ago, 74.2, | As had been the case in recent | weeks the rise in the index last week | was due largely to higher prices for farm products. The most significant advance occurred in the grains, feeds and live stock group index, which rose to 89.8 from 89.0 in the week pre- | ceding. This advance was due almost en- tirely to a continued rise in live stock quotations, as grain and feedstuff prices were generally lower. The tex- tiles index was higher during the week due mainly to advancing cotton prices and a continuation of the sharp | rise in the price of silk. | Fats and oils prices moved upward during the week, with seven items in the group advancing and only one de- clining, and with the sharpest advance being shown by lard. There was a moderate decline in the foods index last week following the rather sharp advance which had taken place during the preceding month. A slight decline occurred in the metals index, a further rise in scrap steel prices being more than offset by lower quotations for tin and silver. Prices of 32 commodities included in the index advanced in price during the week, while 28 declined; in the preced- ing week there were 26 advances and 22 declines; in the second preceding week there were 42 advances and 18 declines. | ANNOUNCING A GREAT MONEY SAVING OFFER AT 'STAR RADIO CO. BUY A NEW PHILCO A T NO PHILCO M STAR RADIO GET LONG, EASY TERMS AT NO EXTRA COST 114 FINANCE OR INTEREST ODEL 630X PHILCO Model 630X All-Wave Reception $80 Complete LARGER Long Island Light System for the week ending August | Long Islar 7. 1935, were $3.155.014, as compared | No Extra Charge for Credit s Metro Ed 5s F fidland V R R fid St Pt 6las A '45_ Mid W U cod Mid | period $269,400. of 1934, Ewith $2,885,614 for the corresponding an increase of | Roch Ry&Lt 55 ° St LG &C 6 Sar An PS 5 Ecripps 5'2s 1131 113% 1137 123, 1284 1 104 ‘1 10212 10243 50% 50 100 " 100 00, 100 10215 50 100 05 Long Island Light | pfB(6) % Loufsiana L&Ex .. | Lyneh Corp (2)._. | McCord Rad (B) | Maryl'd Casualty. Mead John (13)" Mem Nat G(a10c) Mercantile Stores Merritt Chap & S. Merritt Chap & Scottpf A __. Michigan Sugar. Petrol vtc A .. Middle W Ut (d)__ i Mid West Util 2 12 ALLOWANCE FOR YOUR ® OLD RADIO Including Philco All-Wave Aerial PHILCO 611B For AC.DC Current Including Philco All- PHILCO'S |EESEAEE $50 ;. List Prices No Extra Charge Are Star Radio’s for Credit Easy Terms conv pf A (d) Mohawk H 2d pf 1508 Molvbdenum 15 a8 y fo 5 B .. | Moody’s Inv Sve ;'msner Bros g (0 pt pf (3) 758 S R Mount Prod (60¢) 2 G&E 70% Mount State Tel 0 & Tel (8) 105130% Murphy Co (1.60) 200s110 3. HER Y PHiILC Model 610F $49.95 Complete Extra Charge e for Credit 30 12% 29% 5 1305 130% 110 110 30 5 ew -8 " e of Il V38 '70. - Syracuse L 5s B ¥ew En Tena EI Pow 58 | Sup 2y | Sup 6y e New N L) - 2 ot Gl Ao ol . 233323 EX IS & 315 5las 4158 ¥ 333333353 FESTEFERE RF % 333 ¥ ' 0814 1081 203, 13034 Tenn Pub Ser 5. Texas Flect 5s Texi U Va Pb S Va P 5 Ward Bak 6s °LL 58 P Wis'P Ser A'6s Buen AP 78 '47 s Cen B Ger 6s anta Pe | Stinnes 55 '46 stp Terni_So_8%as A n—New. wi—When fssued. 't (stp)-—Stamped Tivegotiabinity TCompanies T Arg 7s 45 a7y 106 60 8034 il 87% 1063 607 80% 7Y s 29 EA 13, H034 101 © 101 O3, 100, ired by maturity. in reeeivership. NatBellaHess .. 8 2 Nat Bd&Sh (t1) .. 40% Nat Fuel Gas (1). Nat Investors ._. Nat P&L pf (6) 2508 Nat Rubber Mach 2 NehiCorp ... .. 1 Neptune Met (A). 4 NJZinc(2) - __ 3508 N Y P&L pf (7)__. 258 N ¥ Shipbldg..... 1 N Y Steam 3 19 N Y Tel pf (6%) . 508119 New Brad O (20¢) 4 24 NewMex&ArizLd 2 1% Newm Min (al) . 24 52 Niag HudPw _. 40 8 Niagara Hudson Pw(A)war.__. 17 & Niag Sh Md-B 32 8% Nipissing(al2%e) 1 2% North AmL&P .. 19 3% Nor Am L&P pf__ 12008 28% Nor Am Mat (1)__ 25s 37 Nor Am UtilSec . 2 /3% Northn EuropOfl. 1 % Nor Ind Pub Svc Sve 7% (3%) 50s 68 Northern States Power (A) Novadel Ag Ohio Brass B (1). 25s 30 PacificG & B 18t pf (1%) 2 Pac Public Sve_. Pacific Public Svepf ($20e) 7 Pac Tin spec (1) 150s Pan-Am Air (1).. 6 Pantapec Oil 9 Parke Davis (t1). 1 47wk Parker Rust (t3) . 50s 56% Peninsular Tel 50s 11% Penn Cent L&P DL (2.80)_ a5 39% 98 8% 3 1 19 119 21 2% 1'% 5014 T 17% 25% 27% 3 18% 36% 40 1% American an Foreign Recep- tion Polica Calls All Stores Open Every Evening * We reserve the right to withdraw this offer after 30 days, PHILCO MIDGET $2000 Complete No Extra Charge for Credit PHILCO Value Supreme $42.50 Complete No Extra Charge for Credit Prices No Extra Charge or Cred: 3022 14th St. N. W, For Better Radio Service District 4700