Evening Star Newspaper, August 27, 1935, Page 17

& since October, 1933. | "1 5. BONDS EASE ¥l WITH CORPORATES Stiffen Somewhat in Late " Trading, but Fail to NANClAL. Approximate Transactions Today. U. 8. Gov't Ionfll.__. $7,150,000 Forelgn Bonds 1,900,000 Domestic Bonds —eee-. 7,820,000 By private wire direct to The Star. LIIEITV. Low. Close. (th 4% 81933-33 1002" 10026 10027 TREASURY. l%ll!l‘-l 9916 998 9912 9913 999 9913 Regain Losses. BOND AVERAGES 20 10 10 Rails Inios. i, Porn. 3 —3 —3 983 971 67.1 9291 974 675 987 97.1 68.7 880 843 650 99.1 986 704 922 845 655 929 889 700 73.7 682 60.2 1932 low 400 646 422 1928 high__ 98.9102.9 100.5 10 Low-Yield Bonds. Close. ... 109.2 Prev. day. 109.2 Month ago 110.3 Year ago. 106.9 1935 high 110.7 1935 low__ 107.9 1934 high 108.3 1934low . 99.1 1928 high 1044 1932low_. 868 (Compiled by the Associated Press.) 1935 low. 1934 high. 1934 low. By the Associated Press. NEW YORK, August 27.—Although United States Government obligations stiffened somewhat in late trading in the bond market today, this section of the list was generally lower at the close. Corporate and foreign issues were likewise lower. Among the Federal issues, Federal Farm Mortgage 3s went counter to the lower trend of other loans with a gain of 5-32 to close at 100 6-32. Home Owners’ Loan 3s at 100 6-32 also resisted the dowaturn of the Treasury issues with a net gain of 8-100. Among the Treasury group several bonds had losses of around one- quarter of a point. Treasury 4s were down 10-32 at 110 8-32. POSTAL SAVINGS SHOW BIG DROP, Loss of 15 Millions in July Is First Major Decline in Several Years. By the Associated Press. Postal savings deposits have taken their first important drop since they started up early in the depression, when bank failures began to frighten depositors. The preliminary July report of the post office shows a decline of about $15.000,000, bringing the total down | to about $1,189.600,000, the lowest For months the total had hovered | near the peak figure of $1.209.000,000, | attained at the end of 1933. The July tabulation was completed | as Federal banking authorities pre- pared for permanent insurance of bank deposits up to $5,000 under the recently approved bank bill. i One provision of the bill dealt spe- | cifically with postal savings. As re- | sult of complaints from private bank- | ing quarters that postal savings in ef- fect were demand deposits, with in- o terest payable to the date of with- . drawal, the bill declared they should | be a “savings deposit,” with interest to be paid on a quarterly basis. Bankers held the provision would | save them from “unfair competition.” WORLD SILVER OUTPUT SHOWS GAIN IN JULY By the Associated Press. NEW YORK, August 27.—World silver production in July totaled 16,- | 592,000 fine ounces compared with 15,090,000 in June ard 16,072,000 in May, according to the American Bu- reau of Metal Statistics. Output in | the United States in July was 3,352,000 ounces, compared with 2,387,000 in June. AUTO REGISTRATIONS LAG BEHIND ESTIMATES By the Associated Press. NEW YORK, August 27.—The esti- mate of R. L. Polk & Co. of new pas- senger car registrations in July has been reduced slightly under the previ- | ous estimate of 300,000 units due to declines in registrations in some Sute.! reporting during the past week. June rezmnuom were 280,360 units. COMMODITY PRICES = k 5 (1676 average euals Miscellaneous Markets. | Additional New York markets’ (complled | by the Associated Press SUGAR Fitures Mo 2, Eisher to, 2 lower: 8eptember, 2.54b: 2.05b; Z15b, closed irresular. sales. "10.300 tom, erch ‘IPGb Ma; S Futures closed auiet, un anged to H lower. mber. 85 30; February, §5.30: March, 55, flb pot steady; 7. 8%; Bantos No. 4, Rlj. Cusl lnd Irel:m ar- ferings_included” Santos Bourbon 35 and 5 Rio futares eloud easy: ber. "4 117 "Dream. n!el Decemu ol K5, TR Lt 4.21n: December. 4.25: 3 oo -4 March. 4.33. Sales. Putures closed ste: 19-21 lower; sales. No. ko contracts. _September. Octo 11.84n; December. 1. 12.06n; March. 17 Sty P T S maay RO Ruure "‘f, BiTinter TEEBE: s e Tfenehe STEREE —Futures closed strons. flln mlher. um. 1440 Dales. Ocmex 83%6h: Jlnul"‘ 1.62| D suiusions 60427 besis nghi “- flature 78 per cent seri- 1.50; Canton ~double extra Japanese special crack gouble ‘extra A1 por cent seriplane 13-158, b—am n—Nominal. DETROIT TO ASK RIDS. DETROIT, August 27 (Special).— ‘William J. Curran, controller, has an- “nounced that this city will entertain bids on September 9 for $4,262,000 of City of Detroit non-callable re- funding bonds (water), series D, to be dated Oetober 1, 1935, and to masure serially from October 1, 1936, to October 1, 1961, inclusive. The award will be made on the basis of the lowest interest cost to the city after deducting premiums. METAL MARKET. August “";g ~m.¥aé%jfiud¥1$ ; 8. I t, A3 uu St. " Louts. t and’ tmnn 50 iminuin. 19.00a22.00." Antimony. spot. 102 10124 10124 ——eee 1023 10127 10127 e 1032 10226 10228 e 10219 10213 10216 —eee 10718 10712 10718 I‘l' 1944 ll - 1052 10424 10424 3%s 1940-43 June 1074 10631 10631 3% s 1941-43 Mar 1076 10630 10630 3% 5 1943-47___.. 1064 106 106 3% ®1946-56___ 10910 1092 1099 48 1944-54 11016 1106 1108 43-45 10510 1051 1052 31,8 43-45rg 105 105 105 I‘Lll’“-ll._,. 11511 1157 1157 FEDERAL FARM MORTGAGE. 51943-47___. 999 999 99 e 10018 10014 10018 381949 oo 1008 100 1006 3481964 10120 10115 10115 HOME OWNERS’ LOAN. 2%81939-49__. 998 9830 993 381952 - cceeemn. 1008 100 1006 FOREIGN nonn& High. Low. Abitibi Pa&Pw 6s ‘53 m 28% Antioguia 7845 ™% Antioquia 78’46 D __ s Antioquia 1st 7857 T Argentin 91 Argentin Argentine Argentine Argentine Argentine 6s°60 Oct_ Argentine 6s ‘61 Febr Austrian 7s ‘87 Batavia Petr 4155’42 Belgiam §8°55 Belgitm 6%s "49_. Belgium 78 '56 Bergen City 58 60 Berlin 6138 '50 Berlin Elec 6s "55 ... Berlin Elec 6%s '51 Berlin Elec 6343’5 Bolivia 78 '69_. Bolivia 8s " Brazil 1s '52 Brazil 8s 41 Bremen St 78 '35, Brisbane 6s°50_ | Budapest 68 '62 unmat cou on_._—. Buenos A 6s ‘61 st Py BuenosA6}s'61stPv. Bulgaria %38 May coupon off. Caldas T%s ‘46 | Canada 4s'60 Canada 453 Canada 5s 52 Cauca Valley 7 Chile 68 '60 Chile 6s 61 Jan _. Chile 65 61 Febro.... Chile 6s ‘61 Septoeeme Chile 6s '62 Chile 65 '63 Chile Ts " Chile Mtg Bk 65 '62_ Chile Mtg Bk 63%48'57. Chile Mtg Bk 6% s'61. Chilean Mun L 7560 Christiania 6s ‘54 - Colombia 6s ‘61 .un Copenhagen §s s 16 Cuba § (1 Cund’amarca 634859 Denmark 4338 62 . Denmark 5%8 55— Denmark 6s 42_ Dresden 7s "45 El Salvador 8s'48 ct_ Estonia 567 _. Finland 6s "45._ Finland 645 ‘56 French Gov 7s Ger C Bk A 65738 _ Ger C Bk A68'60 July Ger C Bk A 65 '60 Oct Ger Gov 5%8 ‘65 Ger Prov & City Bk con Ag 6%8 58 Ger Rep 7s 49 Grt Br & Ir 4s°90 104% 104% 10212 102 104% 102 173% |GrtBr& Ir5%s'37__ GrtCElJap s 44 . Greek Gov 6s 68 Haiti 68°53_ Helsingfors 6 Hung Con M 7 unmat coupon on_ Hung Con M 7%28°45 unmat coupon on.. Italy 78 °61. Ital PUCrd 78'63. Japan 5%s €5 Japan 6345’54 _ Jugos Mtg Bk 75°57 unmat coupon. - Karstadt 6s "43. Kreu&Toll 55’694 ¢ Lombard El 1s 52 Met Water 5358 '50__ Mex 48 '10-45asst sm Milan 633’52 Minas Gers 6% 5 58 Sept coupon offt Minas Gers 63%s 5! Sept coupon off___ Montecatint 18 '37__. Montevideo 6s 59 Montevideo 7852 New So Wales bs '57. New So Wales §s '58 Nor Ger L1d 68°47new Norway 5s 63 Norway bl%s Norway 6s ‘4. Norway 6s'53_ Norw Norw Oslo 6s '55 5 OsloG & E§s'63 Panama bs '63 Panama 55'63 stp asd Panama 6%s ‘53 Paris Orl Ry 6%s ‘63 Pernam 7s 47 Sept coupon oft___ Peru6s'60 ... 36 100% 100% 100% 100% 100% 100% 48 4TV AT% 101% 101% 101% 102 101% 101% 104 104 104 102% 101% 101% 96 95 95 - 102% 102% 102% 103 101% 101% 100% 100% 100% 541 54% 54% 52 51 51 105% 105% 106% 139% 139% 139% 13 13 13 14% Rome §%8 52 .._o_ Rumania 7869 Sydney 6%8°65 . Taiwan Elec %8 71. Tokio 5%s'61 ___. Tokio Bl Lt 6s°'53 _.. Trondhjem 6%s ‘57 Tyrol Hy El 7%s '56. Un St Wk 6%8°'47 A Un St] Wk 6%s 51 A. Un Dllw'klrb 18’51 23 141% 140 mu 38y 8% 3 !u 38% 58 69% Westphal E1 P [ (13 32% Yokohama és 834 DOMESTIC BONDS. Abr & Straus 5%s"¢3 102% 102% 102% 98% 98% 88% 69% 32% 83% 3 | Can’dian Nt5: THE EVENING STAR, WASHINGTO! BONDS ON NEW YORK STOCK EXCHANGE igh. Low. Close. Am & For Pw bs 2030 Am [cecv 5s ‘Sl AmTl'ers'lL AmT&TE%8'¢3 Am Type F'd lno efl A T&S Fe gn 48’95 AT&SFegnds’'d5rg A T&S Fe 4%s8 43 A T&S F TCSL At1 & Ch A L 4%s 4 Atl & Char AL 55'44 . Atl Knx & Nor 58 '46 . At] Refin deb 53°37__ B&OI1st4s'4s_ ____. ref 6396 B&0 PLE&W V ¢x'd1 B & O Swn bs '50 B & O Toledo 48 '59. Bang&Aroos 48 ‘51 Bang&Aroos cv 4s ‘51 Bell T of Pa 6s'60 C_ Beth Stl p m 68 36 Bos & Me 4% s 61J__ Bos & Me 5855 . Bos & Me 6s 67 __. BosNYAL4s'55 . Bot Con M 6%s 34 _. | BKlynCy R R vs 41_. Bkiyn Edis 58’52 E__ Bklyn M T 6s 49 A Bklyn M T 6568 A. Bklyn Un EI bs 50 Bklyn Un G §s 57 BCR& Nclbs'3: Bush Term 1st Bush Term en 5= 55 Bush T Bldg bs ‘60 By-Prod Ck 5%s 45_. Can’dian Nt R4.#'51 Can'dian Nt R4%4#'66 Can'dian Nt R41;s'67 Can'dian Nt R4% #55 July Can'dian Nt 6869 Oct Can'dfan N db8%s'46 Can’dian Nr db 7s "40 Can‘dian Pe db4sperp Can’dian Pc 4%s 46 Can'dian Pc 4%s '60. Can‘dian Pc bs ‘54 Caro C1& O 6s°52 A Cent of Ga con 55 '45. Centof Ga5s'59C _. Cent LIl E& G 6s '51. Cent N Eng 4s'61 Cent of N J gen 55 '87 Cent Pac 1st rf 4549 Cent Pac 5s "§0 | Cert'd deb 6358 45 Chesap C v cl 68 "44_ Chesap Corp 5s '47___ 18v314s'49 &Q1divis’e E Il 5851 111 53 '51 ctts ChiGL&C6s'37_ Chi Grt W 4s "5 CM&StP 49 89 . CM&StP 438’89 E _ CM&StP 68 '765 - CMStP&P adj 58 2000 Chi& NW gn 43°87 _ Chi & NW 48 2037 . Chi & NW 43432037C. Chid& NW 4%8°49___ Chi & NW 4%s'87___ Chi & NW gn 68’87 _ Chi & NW rf 68 2037 C&NW Nr W 6%s '36 Chi R I&Prf ¢s’34__. Chi R I&P 41560 __ Chi T H&S 1st 53 '60 Chi T H&S inc 58 ‘60 Chi Union Sta 45 '44. 7| Chi Un Sta 48°63 _ Chi Un Sta 5s ‘44 Chi & W 1 con 4 Chi& W 15%s Childs & Co b8 '43 Chile Cop deb bs° 41 in Cin Un Ter 582020 B. Cin Un Ter 58’5 CCC&StL rf 4%5'17E CCC&StLrfbs'63 D Clev Un Ter 414817 Clev Un Ter 5s'713 B Clev Un Ter 53 8'72A Colon Ofl 6s°38 _ Colo Fuel & Ir 5!]’43. 4 Col R P L 1st 4%s 57 ColRP&LGY%s 42 Com Inv T 6% Con Coal Md rf Con Coal Md 68’50 cfs ConGas N Y 4%s'51 Con G N Y dbb6%s'45 Cons Ry Co 4s'54 ___. 3 Cuba R Rref 7% Cuba Nor RR 5%s "42 CumbT&T 6837 Del & Hud ref 4s°43_. Den & RGcn 4s " Den&RG 4%s Den& R Grfbs Den&RGW 55'56 asst Det Edison 43’61 D Det Edison rf 68 " 0_ Dul & Ir Rg b Duqu Lt ist ¢ - East Cuba S T8 % EIP&S W nf '65. Erie gen 48 '96______. Brieref 58 67 euu Erleref §s"15 - Fed Lt & Tr int 5543 Fed Lt & Tr 58’42 st FlaECRy 6874 ___ Fran 8ug 1%s 42 Gen Am Inv §8°52___ Gen Cable 5%s '47 i Goodrieh 6845 ... 41 Goodrich 6% Goody’r T&R 6s 51 GtNFRb%s 52 GtNRgen7s'36A _ Gr Tr'k of Can 65 ‘36 Gulf M & N 6 Gulf Sta St1 Hud & Man ref 68 ‘57 11 Bell Tel 68 ‘58 i 111 Steel deb 438 Iniand Stl 4%s 81 B_ Int Grt Nr 5 '56 C . Int R T 1st rf 68’66 . IR T 1st ref 6a'66ets. Int R T 6s°33 High. Low. Close. 2% 69% T0% 112% 110 100% 100% 100% 108% 108% 108% 110 1093 109% 112% 112 112 112% 112 112% 112% 112% 112% 44% 44% 44% 102% 100% 100% 88's 87% 8T 24% 24% 244 24% 1074 100% 561 105 0% 70 s 107% 100t 108% 10515 1062 1074 109 110 106'3 107 1081, 109t 1037 7 103% 1015 105'% 108%; 104% 108 211 10 9513 ll'll' 100 8% 837 106': | 106 115 109 106% 111% 111 1% 111w 3678 36% 36 35% 107% 107 106 106 2814 27% 94 93% 10314 103% 105% 1054 104% 104% 102 102 41% 41% 107 106 2815 933, 1034 105% 104% 102 41% 40% 46 50 8% 8 1il% 111% 107 107 108% 108% 104% 104% 13% 13% 100% 109% 109% 75 5 75 98% 1T 67 6T% 95ta 13% 13% 13% 14 14 14 98% 98% 98 108 108 108 104Y% 104 104% 93 92w 93% - 103% 103% 103% 104% 104% 104% 84% 84% 84% 84% 83% 83% 92% 92% 92% 98% 417% 41% 41% 18% 109 108'% 108% 62 62 62 50 50% 86% 8614 95% 95% 60 60 60% 60% 108% 108 108% 104% 104% 104% 31 31 31 91l 90 4 | Mannat R Int Cement 5s '4 Int Grt Nr bs ‘66 Int Gt Nor 6s '52 Int Gt Nor adj Int Hydro E] 65 '44__. Int Pap ref 68 ‘55 Int Rys of C A 65’41 Int T&Tcv 4%s 39 IntT&T4%s 52 .. Int T& T 68’56 James F & C 4s'39 KanG&E4% Kan C Ter 1st 45 '60_ Kings County Elev 48749 Laclede Gas s-'u Lacl G b6%s'63 Laclede G 5%s "60 LE& Wn 1st 5 Lautaro Nitr 6s '54__ Leh Val Coal 68 "38 __ Leh Val Har 68 54 Leh V Pa con 4s 2003 leh V RR con 8s 2003 Loew’s 6s 41 : Long Dock 6835 _ Long sl gen 4538 __ Long Islref 4s'49 .. Long l*l rleb 58 '37. La & Ark 53 63 Lou & Jeff Bid 43745 L & N unif 48 40 L&N4%s2003C__ L& N 552003 B L & N Atl K&C 4555 MCro'ySs4s 41 filed McKess & R 5%# 50 Manati Sugar mod 112842 ctfs Manila El R&L 55 '63 Manhat R 4s'90 20 ctfs. Marion St Sh 6 Market St Ry 7 Mead Co 65 '45 Mich Cent 3% Mich Cent 4579 __ Midvale S&0 bs 36 _ MIIER&SLGs'61 . Mil Spa & N W 48 47_ MStP&SSM MoK &T4%s'78 MoK&TGSs 62 A MoK & T adibs ¢ Mo Pac4s16 Mo Pacbs'77 F | Mo Pac 5817 F ctrs Mo Pac 5%s " Mob&Bir 4s '45 small Mob&Oh M div bs 47 | Mohawk & M 4591 Monong Ry 60 Mont Cent 6s '37 Mont Pwr ref Mont Pwr 63’62 A Mont Tram 5841 __. Morris & Co 4%s°39 | Mor & Esx 3%s 2000 Mor & Esx 4%8°55 Mmrzy Body 61t Steel 45 ‘65 - New J PEL 4%s8'60 New Or GNR 5883 A | New Or PS 563’52 A . New Or P S 52 '55 B New Or T&M 4138 '56 New Or T&M 53 64 B New Or T&M 55 '56 C New Or T&M 5%s 54 !N Y Cent 313897 N Y Cent 4542 N Y Cent con 4 N Y Cent rf 448 zon NYCrf4%s2013n. N Y Cent ref 55 2013 N Y Centev 6s 44 | NYC Mich C 3%s 98 NYC&StL 1st4s’ NYC&StL 4% N Y Dock 5s 38 N Y Edison §s ‘44 N Y Edtson 5251 C .. N Y G El HEP 45 49 NYL&W ist 4s NYNH& H 3%s°66. NYNH & H 45 '47 NY NH & H 4565 | NY NH & H 4556 | NY NH & H 48757 NY NH& H 4%8'¢7. NW NH&H el tr 8! 40 | Norf So 1st ref &s Norf&W 1st 4596 __ North Am Ed 58’57 A Nor'n Pac gen 3s 2047 Nor'n Pac 48’97 Nor'n Pac 4%s 2047 Nor’'n Pac 5s 2047 C. Nor’n Pac 5s 2047 D. Nor'n Pac 6s 2047 . Nor'n St P 1st58'41A. Nor'n St P 6s 41 B._. Ogden L C 4s'48 Ore Sh Line 5s 46 Ore W RR & N 4861 Otis Steel 63 "41. Par-F-La s '01 ofs Par-F-La 6s 41 ll.fl 0 Gled Parmelee 6s Penn Dixie C Penn O & D 4%s'77_ Penn RR cnds’48 stp_ Penn RR 48’52 E Penn RR4%s 81D Penn R R 4%s ‘84 Penn RR con 4%s ‘60 Penn R R gn 438’65 Penn R R Penn RR 4% Penn R R gen Peo G L&C 5547 r:.. Peo G L&C 65’43 Peoria & E inc 4s "90_ Pere Mara 1st 5s "56._ Phila B&W 4543 Phila Co bs '67 Phila El Co 48 TR Phila El Co 4%s '67 Phila& RC&) Phila&RC&1 Phillips Petr 5% 839 Port Gen El 4% Postal Tel &C 6s’83. Pressed St1 C6s'33__ Pub S E&G 4%8'70 - Reading Jer C 48 51_ Readinez R 43397 A Rem-R 53841 A ww Rep 1&5t1 5%s ‘53 Richfield Of} 6 44 Richfield O §s "44 ofs RG W 1st ex 1n 4539 Rio G W col 4s'48 A_ Roch G&E 5%8 48 StJoRyL :upu'fl !u.nusmoln st - RARRARRRRRARD W {3 SERGuaGabbb ALY pEomddgnanINy g .o===...." it . Low. Close. | 0% 70% 92 92 89% 17 % 96% 103 106'% 102% 102% 101% 76% 76% 103% 108% 118 13015 73 106 107 101% 105 106% 1042, | 100%, 815 x| WCS&D ter 45736 cfs 1037 1043 6618 661 79 ». 106'% 1062 - 116% 116% 6% 6% 8915 88% 111% 1103 —— 100% 99% 106% 106% 104% 104% 101% 104% 104% 104% VIV. 9% 9T% 105 105 Toas 1041 108 A_. 103% 103% 103% 32% 32 32 108% 108% 108% 104% 104% 104% 6. 62 62 ll!‘fi 118% 118% 88 88 88 5 5 5 7% 'Il& 'IK !su sm nu 103% 103% 108% um‘lu!t 11% D..€; 3 Silesian Am 7s'41_. Skelly Ol 5% Sb‘rh 102% 1] So Ry St Ddiv 4s'51. 4 Spokane Int 55 '55___ Stand O1l N Y 43%48°51 Studebaker cv 6s ‘45_ Swift & Co3%s 60, Tenn El Pw 6347 A Term As St L 4s ‘53 Term As con 55 "44 Term As StL 4%s 39 Tex Corpev bs 44 1 Tex & Pac68'719C... Tex & Pac5s'80D.__ Tex&Paec 1st bs 2000 Tex&P MPT 5%s '64. Third Av ref 0 ‘Third A ad In Trumbull St} UnEL UnOCa Un Pae 1st rt 48 2008 Un Pac 4%s 67 Unit Biscuit 5% 50 Unit Drug §s ‘53 | U S Rubber 53 "¢ Univ Pipe & R Utah L& T 5i Utah P& L 68’44 | Util P& L 63569 ww_ (Ut P& L5%s 47___ | Vanadium cv 58 41 Ver Sug 1st 7s ‘42 cfs Va El & P 5554 Va E&P Istrf 5355 A VaRy4%s'62B ... VaRylstés'62 A, Wabush 65°80 D ____ Wabash 5s "80 DQ& Wabasb 1st 5s ‘89 _. Wabash 2d 5839 Wabash 6%8'28 . _ Wabash 5,8 75 etfs_ Walworth 6s 45 A Walw'th 6148 '35 xw Warner Bros ev 6s 39 Warner-Quin 6s '39__ Warren Br cv 6s ‘41 W Sh 1st 48 2361 ;vo- 0 Md 1st auln Un 5860 _ est'n Un 635’3 Wheel Steel 415 . W Sp Sl con 7s W Sp Sul 1st 7s Wilkes B&E ist 55'43 Wilson&Co Ist 63 41 WisClstgn4s 49 __ | Wis C S&D ter 43 "36_ l't | Youngtn S&T 685’70 B 98 ' Youngin S&T ll'llA 98y 975 98 59% 59% 1024 102% 103 994 103 29% 9 26 2% 1047 104% 111% 111% 95% 10615 32 31% 987, 2 104y 98 99 1024 1011 131 131y A% 1077 9% 4 4 97 98 DIVIDENDS ANNOUNCED [ wew | elarea tistics YORK, August 27.—Divj 'prepared by Corp.y: Extra. Danahy Faxon Strs Haloid co" s *Lazarus (P & R) Myers (F E) & Bro uth Pean Oil | R ol e * | Monroe Chemical Wa dorf Symem_ Spang_Chal 6, R Wisc P& L 7% pf Wisc P & L 6% pf Std Brands. | Am Bak 7 i 12 Bt Hats Led 5 ot % Bridgeport Brass. e = e utehinsor Sug Lack Hi N 350 wea Merrimac Hat Corp. Merrimac Hat Corp of N ¥ Lack & We BR 31 15 Petro Exploration. -2 Warren RR Co std White Villa Gm«n - Do 0 f - Allied Chem pf s Comwi ‘& Son $4 5¢ McKeesport Tin Plate 31 *Previously reported as a 39 | DO S00000000000BH 29 fin Socoepopopy dends _de- the “Btandard Sea- Pe- Sock of Pay- e S Doeorsere: ® 3e03 BLLELASALREALL, a PPePP 3355757 Bttt NEW YORK. August 27 () —New York Association: Security Donter Aetna Cas (2'ia (a) Including ® D.thred or uld 50 far this year. R A CHICAGO LIVE STOCI. CHICAGO. August 27 (P (United ited States t of Agriculture) —Bon. 10,- Departmen mm including 3,000 than Monday's versae wood T3 a) however; V!nlfl‘ top. 1 .00, 'fieflk Ofl)v t ¢ Good o and_9.50; ostly 10815 up lfi’hfll oo, T range atin: native ewes most- TUESDAY, AUGUST 27, 1935. MACHINE TRADE MAINTAINS PACE “Must” Orders Bring Gains in Some Areas Despite Seasonal Trend. Special Dispatch to The Star. NEW YORE, August 27.—After the five-year high set by machine tool sales in July and with the machine tool show at Cleveland, only two weeks off, a recession in August had been expected. In some parts of the country, this slacking materialized, but other sections came through with business equaling or bettering the July level, according to the American Ma- chinist. The answer lies in “must” orders from plants that need equip- ment now and of necessity have to avoid the jam of orders the show is expected to initiate. “New England, for instance, found August the year's best month with prospects for a continuation of good business through the Fall. The New York district has noticed a tendency to hold off, but even so, August kept pace with Julv. Philadelphia had |a fair month,” the magazine con- tinues. “Some business in Pittsburgh, Cin- cinnati and Cleveland has been held up by the coming show. Manufac- turers, however, are well booked ahead because of the active Summer buy- ing and look for a new influx of or- ders in the Fall. December and January deliveries are currently quoted. “Standard tooling for new models has been well taken care of in De- troit, but a good volume of spectal equipment s still to come. August was a very good month in the motor city. Activity in Chicago continues at a high level with some dealers reporting record sales. “St. Louis was disappointed with August sales, but anticipates a stimu- lus from post-show orders. The Pa- cific Coast on the other hand found buunlesl definitely improved and is greatly encouraged by developments in the last two weeks.” CHICAGO STOCK MARKET CHICAGO. Aucust #).—Pollowing 1s the complete official list of transactions in ;v.uch on the Chicago Stock Exchange to- Sales “Actual) 100 Abbott Lab High. Low. Last e w98 M"M\unu Alum 200 Berghoft Brew 1100 Borg-Warner Sons “0 Crane pf 600 Dayton Rubber 450 Ken-Rad T & 1250 Lib McN & L new 1041 R A 250 Modine L > '\" Monro( “Chem _ J'.';‘ R 300 Public 8ve n b 10Pub Svc 6% of 500 Quaker Oats 350 Reliance Mfg 20 Rollins Hcosiery_ (3 o B 150 Sutherland PIMI 1300 Swift & Co 2300 Swift Int 10pant T332 50 Bk )ik R L By a3y 100 Walgreen 110 Waukesha - Mot __ PrRS 2 Feres e R Stock sales today. INVESTING COMPANIES NEW YORK. August 27 (®.—New York Security Dealers’ Associ lncn Closing quotations. 75.000 shares. Admin Pund ww__ For Am Tr lymouth Fund_ Quarierty Inc Surs. 53 4125 BALTIMORE STOCKS M\flbllmhhmm Hieh. !0' Close. MUODID - 20 h 20 Decker é.‘ fi 5Ye 9% 9% 9% i i i 113 10% 1 % 4um 4 frr lx.ooovnlAug PARIS MONEY RATES. "%‘fiz." (. —Three per cent centimes; #% per 75.15. The dolisr FINANCIAL Crude Oil Stocks Decline 1,878,000 Barrels in Week By the Associated Press. Stocks of foreign and domestic erude petroleum on August 17 were day at 311,515,000 barrels, a decline of 1,878,000 from the preceding week. Commenting of a 50,000-barrel in- crease in daily average crude produc- tion to 2,770,000 barrels, Secretary Ickes said sarcastically: “You have the State compact, you know.” Asked if the compact was not merely to prevent overproduction re- sulting in physical waste, he said: “I thought they were gcing to prevent overproduction.” Daily average imports during the week were 146,000 barrels, nearly | double the average of the previous week. Daily average crude runs to increase over the preceding week. RAILROAD NETS FAR BELOW 1334 First 33 Carriers Disclose Nearly 30 Per Cent De- cline for July. By the Associated Press. NEW YORK, August 27.—Net rail- way operating income of the first 33 railroads to report for July shoved a decline of nearly 30 per cent, com- pared with the same month last year despite the fact that gross operating revenues compared favorably with July, 1934, ‘These roads, which included some of the larger systems, reported grocs of $96,518,000. compared with $96 909 - income of $8,599.000, against net of $12,228000 a year ago. year net for these same roads amounted to $91.722000, a decline of 13 per cent from last year. Operating Nets Shown. Net operating income of railrcads reporting for July mcluded Maine Central Prisco | New Haven Freight Loadings. Revenue freight carloadings on railroads reporting today ior week ended August 24, included: Week Previous Last Ahd';';l. '1:]!;‘ year. Chesa. & Ohio Missouri _oacife +*Ow line loadings only. CORPORATION REPORTS TRENDS AND PROSPECTS OF LEADING ORGANIZATIONS NEW YORK. August 27.—The fol- | lowing is teday's summary of cor- | poration news prepared by Standard | Statisties Co.. Inc.. New York Douglas Aircrait Co—Company re- ceived contracts to build 15 sieeper planes for American Airlines, Ine . about $1,250.000 is involved. United Aircraft share earnings. six months ended June | 30, were 12 cents. Goodrich (B. F) filed an amendment to registration statement with the Securities end Ex- change Commission whereby approxi- mate date for offering of $23.000.000 | first mortgage 4!5 per cent bonds was ,poatpmrd to September 16. American Agricultural Chemical Co. —Stockholders of company at annual | meeting September 18 would be asked to approve retirement of 8967 shares held in treasury. Philadelphia & Reading Coal & Iron at 10 collieries at Philadelphia & Reading Coal & Iron Co. subsidia: | have gone on strike demanding equa zation of working time. Dubilier Condenser Corp.—Deficit, deficit $66,802. share earnings, year ended Jume 30. were $2.15, vs. $3.28. Pierce Oil Corp.—Net income, six months ended June 30, was $31, vs. deficit of $100,252. Socony-Vacuum Ofl Co.—Registra- tion statement disclosed the company obtained loans aggregating $27,600,000 | from various banks on February 14. and that $5,400,000 were repaid on May 16, leaving a balance of $21.600.- 000 maturing in equal semi-annual in- stallments each February and August through February 14, 1940. mon share earnings, seven months ended July 31, were $4.99, vs. $3.83. Qreat Northern Ry.—July net raii- way operating income was $1,771,402, vs. $1,244,967. in seven months net raflway operating income was $7,559,- 650, vs. $4,420.688. SHORT-TERM SECURITIES. (Reported by Chas. D. Barney & Co.) Alhl-Chllmerl On ‘ll W’IT_ ter. Beet 240 fras S Coni B8 1 u"“ni‘f‘.": é‘e."n.. 4.’”‘3" woht L. 4s 10: New vork ok 85 01 hio River & Wi West. U. S. TREASURY POSITION. By the Associated Press. of the Treasury on August QQTE. Ay et ( $6.174.533.46: exundl- fures s14. So024: balance. S1.321. customs. for” the 134.183. DO.!‘I - 1flull year (since July !l 03; litures. , - fll. ineluding ”13 812.- ;omergency e 8.030. n-ou ou 841, mh 3 Gecrease day. Gold 39.195 271, 399 33. r Aln- 2 wom- unbu reported by the Bureau of Mines to- ' stills were 2,770,000 barrels, a lhgh" 000 in July, 1934, and net operating | For the first seven months of the | | Corp.—Common Co.—Company . | Corp.—About 6,000 miners employed | year ended June 30, was $60,095, vs.| | Chickasha Cotton Oil Co.—Common Bangor & Aroostock R. R.—Com- | *rs A17 WHOLESALE INDEX - DECLINES IN WEEK Fertilizer Association Finds Average at 78.5, Against Preceding 78.9. Trere was a decline in wholesale commodity prices ‘n tne week ended | August 24, following advances in the four preceding weeks, according to |the index of the National Fertilizer | Association. This index iast week was ;785 per cent of the 1926-1928 aver- .age compared with 789 in the pre- | ceding week, 77.8 a month ago, and |75.0 & year ago The decline in the index last week | was due primarily to Jower prices for cotton and hogs. The break in cotton prices followed the announcement of the new loan policy was sufficient to result in a drop in the textiles index from 67.7 to 66.3. As a result of the rather sharp drop |in hog prices together with lower quo- | ‘ations for corn, certain feedstuffs and | cattle, the grains, feeds and iive stock |index registered a sharp drop follow. ing an upturn which had lasted for five weeks. A slight decline in the fuel index was caused by lower fuel oil prices. Retail Prices Higher. Increased pork and lard prices were largely responsible for a slight in- crease in retail food prices in general in the two weeks ended August 13. A Labor Department survey of prices in principal cities showed & general advance of 0.8 per cent over ime previous two weeks. | Meat prices advanced 28 per eemt. | Bacon was up 6 per cent: ham, 79 per per eegt, and cent; 37 lard. pork chops, 5.6 per cent Pork Chops Up 101 Per Cent. The price of pork chops was 101 per cent above two years ago. Bacon had gone up 90 per cent, and sliced ham | 54 per cent in the two years. Lard ad- vanced 107 per cent Beef prices also advanced from late July to early August. The highest in- craese was 23 per cent for sirloin steaks The prices of fruits and vegetables declined. Cereals remained the same. NEW YORK BANK STOCKS NEW YORK. Augus Security Dealers’ Assoct (Quotations as of 2 o Bk of Man (1' Baukers Tr (3) . Bkiyn Tr_4) Cen Han Bk & Tr () ase Nat (i 40) Chem Bi & Tr (1800 Commercial (%) Cont Bk & Tr (50 Corn Ex Bk & T (4 Empire Tr (1) Fifth Ave (42) . NI First Natl ( Guararty Tr (1) Irving Tr (60) Manufacturer's T; Natl City (1 e T a 1 Upited St Tr (70a) Zl18%0 ° 1930 a—Including extra §—Declared or paid 50 far this year. FEDERAL LAND BANKS W YORK. August 27 (P.—DPedersl Lang Bans tos (Quotations as of 2 o'clock ) Bid Asked YORK. August doliars and thirty- snma; Asked Tiela. tore T NEW quoted in Rate. 1148 1las 1‘-« Dee 1%s 1ias MONTREAL SILVER. MONTREAL, August P —Silver fu- dy. unchanged to 2 higher. Close 65.27 DIRECTORY |} COMMODITY BROKERS 770} Member N Laidlaw & Co. M Laidlaw & Co || Westheimer & Co. | o 00 | ll'llll——ml'l—lE‘I'Al.Hfl-[ Members Commodity Exchange. | {| Laidlaw & Co._ DI, | Westheimer & iT standa to reason Lhc experi- ence of our Property Man- agemant Department can render valuable service in the man- agement of your apartment house and residential proper- ties. Let's discuss it at your con- venience. B. F. SAUL CO. 925 15th St. Nat'l 2100 Mortgage Loans