Evening Star Newspaper, August 23, 1935, Page 13

FI KB LST MAED AS LTS S Power Issues Hold Major Attention—Others Rule Steady to Firm. By the Associated Press. NEW YORK, August 23—Severe breaks in utility holding company stocks and a steady to firm trend in other groups were principal features of Curb market trading today. Some of the preferred stocks of utility concerns lost as much as §7 a share before recovering partially. Trading was concentrated in this division. NEW YORK BAR SILVER. NEW YORK, August 23 (#).—Bar silver firm, 3 higher at 65%. BONDS ON THE CURB MARKET. DOMESTIC BONDS, = High. Low, Close Alabam Pw 4135 ¥43, R4Y, Bd% Alabama Pow 58 '46. 104 104 Alab: Bow bs [51°° )1a RO “ 5 " 10434 105 09% 99%2 9% 09%s 0702 3 8D 10834 1063% -112 1% 21012101 967 9612 110 ° 110 g 1012 967 110 9 9014 801 Cit Srv Gas P 6 100%, 1001 Cit Srv Pw 5'as 53 Cit Sr7 PL 5%2s '48 Cleve El Iilu 5s Com Ed 4las C 2 SRR mp O Fairbnks Mor 5s '4 Federal Wt 525 '5 Firestone Tire 55 " Florida P&L 55 '54 Gary E & G 55 '34 Int I&S 5las Intersta PW 55 >r@tw2h ns P L Ken Util 1 Kentucky Koppers G 881 85 103% 103% 10352 50 104% 104% 104 % 107 " 106% 106% 103% 03 103 oo SR S e Arn0asy 0 863 96'2 HEla 1027 1017 102Y% 2 79 4l 13 109% 100% 100%2 100 3 o ;. 23 ERRN fi: ¢: S 1 'Q, MU k- ) FegS a0, Wow” 5 3 L ® Q0 i, 2 H % 1033 v 8% o e Fao 2 ™ > s iyl * it 9888 a0 @ rzs"“abgng.m 2 TR et e < o SIS TR 3 SER L EFEFERS oy el =S o FIRFFSEESE SERSU SRS gz 08 W o) g2 Reeetil 5 AT L 2 = S8 ' OEEE SEERS ‘2 =, 382333353 B TIPSR "0y L 22, a B So99235 S2EERBAYEI3833! e ;%.. o FES FSES ) & et FE e o¥u L) SanSes 322 3228333333 o, o' (3 o 3-3005 228355325384 o R 538 °2° Q) 3 < ; Uoni e P > o ot 4 L) --H_ o, g=sgasette FEREEAS o SEEEEE R 0 97% 85 5 103% 103% 103% 103 ° 103 103 e ? | Consol Gas of ANCIAL.’ By private wire direct to The Star, Stockand Sales— Dividend Rate. Add 00. High. Aero Supply (B).. 3 2% Ainsworth (al%) 6 Alr Investors Inc. 2 Allted Mills(a25c) 5 Alum'nCoof Am. 50s 60 Alum'n pf (1%)..150s Am Beverage 1 Am Capital pf(33) 2 Am Citles P&L B 27 Am Cynam(40¢)B 27 Am Founders..... 4 Am Founders 1st pf (B) ... 268 . 258 Am Founders 1stpf D__. 35% Am Gas&E (1.40). 31 8615 85 36 Am G&E pf (6) _.2258107 106% 107 Am Hard Rubber_450s 19 17% 19 Am Lt&Tr (1.20). 17 14% 13% 14 Low. Close. 2% 2% 39% 1% Anchor Post (d) ... Appalachan Elec Pwr f (7). Arcturus Radio T. Ark Nat - Ark NatGasA.... Ark Nat Gas cu pf Art Met W (40c) .. Asso E 1 (p21%c)- AssoG&E- - Ass0G& B (A)... 1% Asso G&E $5 nf... 6% Asso Invest (80¢).1150836 Atlas Corp (a30c) 37 13% AtlasCorpwar-.. 8 413 Auto Voting Machine (t50c) 6 Ax-Fisher(3.20)A 110s Bellanca Aircraft. 382 Bickfords Inc (1). 8 Bliss Co (E W) ... Blue Ridge Corp.. Blue Ridge pf (3). Bower Roll B (1) Brazil Tr L&P____ Bridgeport Mach. Brit-Am Oil coupon (80¢) Brown Forma Buf N&EPpf K10yl Bunker Hill&Sul. 625 Butler Bros__.___ Cables&Wire (B). Can Marconi Carib Syndicate... Carrier Corp.. 144 CatalinCorp —__. 20 9% 913 9% Celanese pf (7)...1508109 109 109 Celanese 1st pf(7) 258109 109 109 Cent Power & Lt 7% pf (3% ). 508 324 324 Cent& S W Util.. 63 1% 1% Cent States Elec_. 44 s 1% Cent States Elec cv pf (new). _.1258 12% 12% CentStE16% pf-. & 12% 13 Central States Elec7% pf_ 1508 19% 4% 18% _ - 208101% 101% 101% 3 X X % 2% 2% 2% 2% 64 6% % . 816 1% 1 5 1 1 3 1 o e RZL 2% Savann CentrifugalP(40c) 1 Charis Corp (1%) 8 ChildsCopf..._.. 408 Cities Service. 215 Cities Service pf.. 32 Cities Sve pf BB 508 Cities S P&L $6 pf 160s Clev Tractor 5 Club Aluminum.. Colon Ofi . Colts Pat F Columbia Gas & Elec cv pf (5) Columb O&G vtc. Com'wlth £4 (4) . | Com'with&sS war. | Como Mines .__ { Consol Aircraft__. | Cons Copper -.... Balto (3.60) ... Cons Retafl St __. ContG&E pr p£(7) Cord Corp - Corroon & Reyn _ Cosden Oil Me (d) Crane & Co | Creole Petroleum. Crocker Wheeler.. Crown Cork Intl A (350c)__ Cuban Tob vtc.ees Cusi-Mexicana M. Darby Petr (50¢). Derby Ofl & Ref_. Det Gray fron & Foundry (b10c) Dictograph Prod. Distillers C-Seagr Distilled Liquors. Doehler Die Cast. Driver Har pf (7) 108100 100 100 Duke Power (3) . 50s 58 58 58 Duval Tex Sulph 1 3 8 8, |EastnG&F Afso 5 4% 4% 4% Eastn G&FpfA(6) 3508 511 48% 51 | Eastn G&F | prof ey | Eastn States Pw 9 | Eastn Sta Pw (B) 1008 Easy Washing —MachBzbe) 3 6% 6% 6% COMMODITY PRICES NEW_ YORK. clated: Press wholesale o 17 4 1% % 1% 8% 6 1% 9% 6 . 25% 24% 0% 1% 11% 19% 19 19% 758 63% 1% 1% 16 15% High Low Qas Miscellaneous Markets. Additional New York markets, - piled by the Axsociated Press: - RAW HIDE—-Futurss closed steady. 3a Septewzer, |10.51b; December. sales. 2.040.000 pounds. il COFFEE—Spot_steady: Rio No. 7. 8%%: Santos No. 4. asly. Costand frei ht of: ferings antos Bourbon. 3s and 5s. at Rio futures closed easy: September. 4 50; December Santos futures steady; sales, 11 tember, 7.56n: December, 7. 7.78n: May, 7.86. TOBACCO—Futures closed steady. Bur- N ley, January 17.50b: bright. WOOL _TOPS—] o dy. 2 i steady, tober, 1 20n., RUBBER—Futuires closed September. 12.05; Ocf December, 12.25; smoked ribbed !Edfl4¥ U‘g‘,{‘nre| closed 1 to = ed firm. 3 les. R %" December, 1.50%: March § Soir, market quotations (60-day nghai steam fllature, 78 Dal' cent seri- RS S o Choon Tkl oy “165. 1.30; Japanese speci double extra, 8i per cent seriviane. 13158, SUGAR—Putures No. 3 closed easy. lower: sales, 15250 tons. Sepiember. B.53b; er. 2.37h: January. 2.04b; Match. Oliver United Filters, Inc.—Sales billed by company during six months ended June 30 showed an increase over same period of 1934 of about 50 per cent. — e Stand G & E 6s . 87 Y Sand G EE S 8% 33% Invest bs 98% 95 98 d P & L 6s B4 ~ b2Y% 53 0213 10212 10215 ug:« 1023% 102 108% 1085 1§§ 103 1§ 1 91% S aanomass: oAz oy P BONDS. 61 81 g1 90 o qn 5 i ec Terni So_ 6%s A '53. T s s 88 xw: Vam WPO 5%s A '57.- —With warrants. ww—W! r sants m_New o Nerotiability impaired by tCompanies reported in receive: | St Regis Paper... Stock and Sales— Dividend Rate. Add 00. Eisler ElecCorp.. 1 Elec Bond&Share. 680 Elec Bd&Sh pf (5) 1 Elec Bd&Sh ptf (6) 22 El Pwr Associates 15 El Pwr Assoc (A). 28 Elec Pw & Lt optwar.. ... 15 BElec Pw&Lt 24 PEA.. .......1258 Elec Sharehold's. 6 Eleo Sharehld'g pfws (313%). 56s Emp G&F 7% p£.. 100 Equity Corp....- Ex-Cell-O A&Tool Fairchild Aviat'n. Falstaff Brewery. Fansteel Prod ___ Ferro Enam (60¢) Fidelio Brewery.. Fisk Rubber...... Flintkote (1) A.. Fla P&Lpf ... 100s Ford Mot (Can) [R5 P SE— Fora Mot Ltd (a17.7¢) - Froedtert Gr & conv pf (1.20).. 100s Gen Alloys. - General Electric Ltd reg(a37%c). Gen Gas & Elec 41 Gen Pub Sve pf Georgia Pw pI( Gilbert (AC).--_.. Glen Alden C (t1) Globe Under (50¢) Goldfield Consol .. Gold Seal Elec Grand R Var (60¢c) Great Atl & Pac ‘Tean-v (16). .. Guardian Invest_. GuifOllofPa . 1 Hall Lamp (a10¢). Harvard Brew Hazeltine Corp( Hecia Min (a10c) . Helena Rubenst'n Heyden Chem(t1) Hollinger G(t65¢) Holt(H)& Copt A Horn&Hard (1.60) Eudson Bay Min & Sm(a50¢) Humble Oil (1)_.. Huyler’s of Del. Hygrade Food.... 2 11l Pw&Lt $6 pf__. 7258 Imp Oil Ltd coupon (t60c).. 15 Insurance Co of North Am (2).. 1 Intl Hydro Elec Bystem cv pf_.. 5258 Int] Mining war 2 Int Petrolm(t1%) 17 Intl Safety Razor (B) (26¢) Int] Util (B) . Interstate Po (Del) pt_ Irving Air C(160, Ital Superpower debrights... 1 Jonas & Nau..____ Jones&Laugh Stl Kirby Petr (a10¢) Kreuger(G)srew. Lake Shore M(12) Lakey Fy & Mch_. Lehigh C&N(50¢) Leonard Oi1 Lerner Stores (2) Lone Star Gas 30¢ Long island Light Long Island Light of A (T) - Louisiana L&Ex.. | Lucky T (t12¢)-. Lynch Corp (2)-.. McCord Rad (B) . 1 McWill Dredg (12,5008 Mangel Stores | Marion Ste: | Massey-H; - | Mead John ($3).... Mem Nat G{a10¢). Merritt Chap & Michigan Suger.. Middle States Petrol vie Acan. Mid West Utll conv pr'A (§). Mid-West Util ot 2 L 5 -. 1108 c) 1 5 1768 1 GV Molybdenum.. 45 Montreal HLt & Pw ! Nat Bella Hess_.. 29 Nat Invest war... 1 Nat Leather _... 1 t P&L pf (6) _ 3508 Nat Rubber Mach 5 Nehi Corp % Neisner Br pf(7) New Brad O (20¢) 1 N J Zine (3) 50 NewMex&ArizLd. Newm Min (a1) Nipissing(sl2%e¢) Noma Ele¢ Corp-. North Am L&P__. Nor Am L&P pf__ Northn Cent Tex_. Northern States Power (A).coa Northwest Eng... Novadel Ag (2)... Oio Pwr pf (6).. Outboard Mot A.. Outboard Mot B... Overseas Secur... PacifieG& B 18t pf (1%) e Pac Public 8v6.... Pacific Publie 8ve pf (3200). Pao Tin spec (1)... Pan-Am Afr (1).. Pantapeo Oil - Parke Davis (11). Parker Rust (13). 10s Pennroad Corp_.. 23 Penn W&P (3) ... 1 Pepperell Mfg (3) 140s Phoenix Secur 4 Pie Bakerios(60e). Pierce Governor... Ploneer Gold Mines Ltd (80e)... . 2 Pitney Bo P (20¢) 7 Pitts & L B (2% ) 380s Pratt & Lamb (1). 2 Premier Gold(12¢c* 10 Prod Royalty 1%¢ 6 Properties Realty vte (a1.45) -. 1508 Pub Svc(Ind)$6 pt 80s Puget Sound Pw & Lt$spt. . 508 Puget Sound Pw & Lt36pf . Pyrene Mfg(ai0c) Rwy&Lt Secur Raymond Con pf.. Reiter-Foster_.... » WRaT = a0 o - 1 Reynolds Invest_. Richfield Oil (Cal) Root Petrolmeum. ' Root Petrolm pf.. Ruberoid Co (1) Salt Creek P(80¢c). Lock & H... Selected indus.... Selec Industries allot otfs (3% ) 200s Selec Ind pr (3%) 2008 Sentry Safety Con 1 Shattuck Den Min 14 Shaw W&P (50¢)- - 1 Shenandoah...... Shenandoah pf .. Sher-Wilms (4). Shewin-W pf(6)... Singer Mfg (16) .. Smith (A O) Smith Corona vte. Sonotone Corp ... South Am Gold & Plat (40¢) _ Seuthn Calif Edis PLA(1%) Southn Calif B4 of B (1%) 5 Southn Calit Bdis PLC(1%). . . Southn Nat G (r). i R B wing . Stand C&S (2.40)_ Stand Oll Ky (11). P .- Mont Ward A (7). 604139 3 -4 258101 2 1% 5% % 64% 4% 14% 1% % 1% 79 6% & 62 61% 3 10 INEW YORK CURB M Low. Close. 1% 14% 62 70 & % 508136 135 135 2 . Y 63 Stock a! Dividend 1% | Stand Pw&Lt..... 14% | Stand Silver & L. 62 | Starrett Corp pf-. nd les— 3 1 Sullivan Machine 600s 5% | Sunray Ofl ... 2 5 |Sunshine M(1.20). 3 Swift Intl (2).. .. 1 1% | Swiss-Am El pf... Swiss Ofl (40¢). 16 | Taggart Corp.... 4% | Tasteyeast(DeDA ‘Technicolor inc 88 | Teck Hughes(40c) 234 | Texas Gulf Prod.. 21 | Texon O&Ld(60¢c) 16 | Thermoid cu pf... 8y | Tob Prod Ex(10¢) 4% | Trans-Lux Daylite 5% Pic Sn (20¢) e 22 | Tung-Sol Lamp_.. 1 | Union Tob: 6% | Unit Air wai 274 | Unit Corp war.... 40 | Unit Founders.... Unit Gas Corp.... 27% | Unit Gas Cor war. Uait Gas Corp pf- 8% | Usit Lt&Pw (A).. Unit Lt&Pw B. 16% | Unit Lt&Pw pf._ 1% Unit Molasses Ltd g (88%cC) ... e Unit Shoe Macl U S Elec Pw ww __ U S Foil (B) (60e) U S & Intl Secur__ USPlay C (11)__. U 8 Radiator pf... Unit Btores vte_.. Unit Verde E 40c_ Unit Wall Pap(n). Utah Apex Utah Pwr & Lt (31.16%c) _ ot % 643 4% | Utility & Indus pf Venezuela Mex O. Walgreen Co war.. Walker (Hiram).. Walker (H)pf(1) Wayne Pump n(d) Wenden Copper . W Va Coal&Coke. Westn Air Exp(n) Western Auto Supply (3) A. Westn Md pf. Westvaco pf (7). Wil-low Cafe pf Woolw (F W) 273 9-10¢) Dividend quarter) rate—plus ext aPaid this 3 nies chip or beins reorsan! % 13% 14% % 139 139% 2 33% 334 334 (60e) 8 & 5 5 Murphy Co (1.60) 1008119 119 119 Wright Harg té0e 45 3 7 3 “1758 Woodley Pet (40c) 26 1 27% 27% ™ 6% tes tn dollars based on tne OF $emi-annusl Dayments e tra. year. gh. 3% 1% % 1% 8% 6% 4 4 101 101 2% 2 62 908 107% 107 107% 508294 204 204 2 58 1 11% 11% 3 2% 2% 52% B3 G STAR, WASHINGTON, D. C., ARKET Low. Closs. 3% % 2% 2T% id eceiver- ividend. UNITED AIRLINES BARES LARGE GAIN Revenues in Second Quarter Rise $675,405 Above * Preceding Total. By the Associated Press. CHICAGO, August 23.—United Air Line’s operating revenue totaled $2,- 340,233 during the second quarter of 1935, an increase of $875405 over the first quarter, a company report said. The company’s planes carried.50,869 revenue passengers during the quar- ter, an increase of 21708 and the greatest number carried by the airline in a 90-day period. Operating profit for the second quar- ter, without deducting Federal income tax, was $107,325, equivalent to 103 cents per share of outstanding stock. This compared with a loss of 40.9 cents per share in the first quarter, Crucible Steel Reports. NEW YORK, August 23 (#).—Cor- poration earning statements issued yesterday. Crucible Steel Co. of America, six months ended June 30, net profit $456,821, equal to $1.83 a share of 7 per cent preferred stock, against $712,- 034, or $2.85 a share on the preferred in the first half of 1934. American Home Products. American Home Products Corp. and subsidiaries, six months ended June 30, net profit $821415, equal to 92 cents a share on the capital stock, against $1,001,784, or $1.49 a share in the first half of 1934. General Gas & Electric. General Gas & Electric Corp. (con- trolled by Associated Gas & Electric Co.) and subsidiaries report for the 12 months ended June 30 profit of $32,594, compared with loss of $449,- ?gg‘m the 12 months ended June 30, Park & Tilford. Park & Tilford, Inc, for the six months to June 30 had an estimated net profit of $71,323, compared with $220,758 in the corresponding period last year. UR new American Gas is called “AIR-CONDITIONED” be- cause it does the same things for a motor that “air-conditioning” does for trains, theatres, stores, etc. It keeps the motor cool, sweet and efficient—no matter what the outside changes in temperature and humidity may. be. For even in the course of a day, a motor can.be subjected to a lot of weather changes. And with FRIDAY, XUGUST 23, 1935. Bar Silver Rises To 65% Cents an Ounce at New York By the Associated Press. NEW YORK, bar silver for domestic commercial use was advanced % of a cent an ounce to 65% cents in New York to- day, the first revision the white metal declined abruptly more than a week ago when the mar- ket became upset in London. ‘Today’s riss followed an advance of 7-16 of a pence in London and carried the price back to where it was on August 14, the day silver declined 15 cents an ounce following un- changed quotations for around = month. RESERVES CLIMB §37.000,000 MORE Member Banks Disclose Total at New High of $5,291,000,000. By the Assoclated Press. A further $37,000,000 advance in member bank reserve balances during the week ended Augusi 21—bringing the total to a new high of $5,291,000,000 —was reported by the Federal Reserve In its weekly statement of condition of Reserve banks, the board reported this total was approximately $2,680,- 000,000 in excess of legal requirements. Monetary gold stocks touched an- through the addition of $5,000,000 during the week. This total is $1,206,000,000 in excess of last year. e LESS BEET SUGAR USED. NEW YORK, August 23 (#).—Do- mestic beet sugar consumption in July totaled 77,600 long tons, raw value, against 90,141 tons in July, 1934, ac- cording to the United States Beet Sugar Association. Consumption for the first seven months of 1935 was 747,082 tons, against 914,906 for the correzponding period last year. alone. existing regular gasolines it becomes erratic. Because of its 100% Pure Petrcleum Base— because it is not acid treated—because it needs no added chemicals—because of our new refinery and modern processes—and because of careful adjustment of light end content—we have been able to condition this new American Gas to counteract erratic motor ‘performance caused by changes in outside temperature and « wil FINANCIAE, »x% A—13 ROBINSONDEFENDS PARTYLAWMAKERS 70 Pct. of Unconstitutional Legislation Passed by Re- publicans, He Says. (Continued Prom Twelfth Pags) petroleum shipments; re-enacted rail- road retirement legisiation that is now confidently believed will stand the test of Supreme Court decision, that will give employes who are 65 years of | age and who have completed 30 years of seérvice the opportunity to retire. ‘While legislation was passed at the past session- singling out benefits to the cotton producers, we have also enacted legislation benefiting tobacco growers along with other agricultural products. The bill amending the agricultural adjustment act is among the most important passed. In short, the session just closing has performed an enormous amount of necessary work. There was little excitement, there was little publicity to most of these bills, though each of them represents necessary improvements in our statute books. 14,000 Bills Presented. It may perhaps give you an idea of how Congress kept busy seven months when I tell you that there was pre- sented in the House of Representatives 10,000 bills and resolutions and in the Senate nearly 4,000. During the same period there were considered nearly 15,000 nominations. Much of the legisiation, of course, is supplementary to the laws passed in the session last year. As experience developed weaknesses in the structure of these laws the errors were corrected. | ‘The rulings of the Supreme Court, of course, compelled more legislation aimed to bring the ordinances in con- formity with that tribunal’s decisions. It is now possible to take a com- prehensive view of the New Deal, to | estimate what the advent of President | Roosevelt has meant to our country.f Cast your mind back to where we were | in March, 1933, when he arrived in| ‘Washington. Promptly on his in- banking situation. From then on he pursued a policy designed ,to hel) everybody in the Republic. It rescu the farmers from despair; it put mflg . lions of men back to work; it lighted the furnaces of thousands of milly. and factories that had been cold fof years; it brought the income of ogr) people up by billions of dollars an- nually. These are not fancied figures; they are based on the income tax re- ports made by our citizens themselves™ Sufficient time is not available to permit a fuller review of the subjects which have engaged the attention of the Congress during the session that is closing. There have been enacted many laws which there is no oppor- tunity now to outline and discuss and some of them are of notable cbnse~ Quence. We have labored diligently and earnestly with the single purpose - of advancing the public welfare. I do not say that mistakes have not * been made. In a program of such magnitude errors are inevitable, but * how small and trifling these seem fn’ comparison with the result. This ad- ministration is being subjected to ine" tense criticism, which is understand-* able considering the approach of next year's election. Our President has been charged with everything from communism to despotism, and yet you cannot pick up a daily paper that does not reflect a rise in the stock markes; an increase in profits, a resumption of » dividends; in fact, every manifestation that tells of a country bound back to prosperity. Criticism is often made; but it is usually without one word of constructive suggestion, one idea of a substitute program. I am proud of the record made by the Congress, proud of the part it has played in the accomplishment that has brought us 80 far toward contentment. It is my bellef that when history writes fts~ review of the legislation of this Con-" gress it will be made clear that the laws enacted at this session were for the greatest good to the greatest® number. 5 FREIGHT CAR SURPLUS REGISTERS DECREASE" By the Associated Press. NEW YORK, August 23.—Class } rafiroads at the end of July had 295, 984 surplus freight cars in good repais and immediately available for service, the Association of American Railroads announced today. This was a decrease of 21,228 units as compared with July 15, when the surplus totaled 317,212+ suguration Congress plunged into the T cars. As a result of all these things, it is 100% clean burning—does not leave harmful deposits —has greater net power—and nets more miles to the gallon. And for good measure, a higher anti-knock rating than other regular gasolines to which chemicals are added for anti-knock “AIR-CONDITION” Your Motor! Stop at any. Yellow and Black American Gas Pump and fill up your tank with “AIR-CONDITIONED” American Gas. Then keep your car “air-conditioned” IR-CONDITIONED” American Gas. Even though it costs us more to produce, it is being sold at regular gas price from Maine to Florida and inland by thousands of American dealers and stations. NDIHICONED, AMERICAN GAS ' AMERICAN OIL COMPANY +Also makers of AMOCO-GAS ++it's A [ “AIR-CONDITIONED” tool . -