Evening Star Newspaper, September 16, 1935, Page 18

TA—18 ¥ CURB LIST LOSES MOST ADVANCES j.any Favorites Register | " Declines Up to Point at Day’s Close. By the Associated Press. NEW YORK, September 16.—Most | of the advances registered early in the | ¢urb market faded before the close, which was heavy. Trading favorites like Alumihum Co., American Gas & Electric, Creole, Electric Bond & Share, Humble Oil, Lake Shore Mines and Sunshine Min- ing showed final losses ranging up to | & point. Swift Internacional and Hiram ‘Walker were unaffected by the down- ward trend, the former closing s ! higher at 2875 and the latter up 3 at 277, INVESTING COMPANIES NEW YORK. September 16 ) .—New York Security Dealers’ Association | Ainsworth (al%) | Ala Grt So (b2) . (Closing Quotations.) ! Asked. | Admin Fund ww Amer Gen Equities._ . Am Business S| Easic Industry - Bullock Fund Corporate Trust™ Corporate Trust AA == Corp Tr AA mod Corp Tr Accum Ser Corp Tr Accum Ser mod Cumulative Tr Sh D!DO‘ Bk Sh N Y "A epos Ins Shrs “A" (xd : Dreersined Tr ¢ E 5 Dividend Shrs e Equity Corp 3 { Bell Tel of Can(6) FINANCIAL. THE EVENING STAR, WASHINGTON, NEW YORK CURB MARKET By private wire direct to The Star. Stock and Sales— Dividend Rate. Add 00. High. Low. Close. Ac'e W vtcasTise 1 284 2n4 284 AeroSupply (B) 4 25 24 2% 2 3Ty 3819 381 Co- 1 16% 16% 163 508 41% Alled Milis(a25¢) 5 18% Alum’n Coof Am 2508 607 Alum'n pf (1%) . 3005102 Am Beverage 4 3 AmCities PRLB 11 4% Am Cynam(40c)B 19 2413 Am Gas&E (1.40) 24 341 AmG&E pf (6) 508107% Am Hard Rubber 50s 22% Am Laundry (40¢)400s 19% Am Lt&Tr (1.20). 6 12% Am Lt & Tr 23 k3 1§‘3 65 5% Air Inv ev pf 101 2% a0 231, 33% 107 10! 291, 22% 19% 19% 123 125 101 2% 4ty 24 Am Meter Co Am Superpowe Am Super 1st pf__ Angostura (120c). Appalachan Elec Pwr pf (7) Arcturus Radio T. Ark Nat Gas Ark Nat Gas ATk P & Lt pf (7 Art Met W (40c) 4 AssoEl (p21%c). 1 AssoG&E. ... 1 AssoG & E (A) 11 Asso Invest (80c) 100s 3 Atlas Corp (a30c) 24 Atlas Corp war 12 AtlasCorpf A (3) 1 Atlas Plywood .. 1 Auto'Voting Machine (t50¢) Ax-Fisher(3 20)A Bellanca Aircraft 208105% B 2% 2% 83 9% 105%2 i 2' )- 40s 2 10s 5 2681311 Bickfords Inc (1) 3 12% BlissCo (E W) _ By Blue Ridge Corp 2 Rlumenthal § 12% Borne-Scrysm 50c100s 10°: Bower Roll B (1). 4 Bridgeport Mach_ ¢ Brill Corp B | Buckeye P L (3).. 5Ul Fund Investors Inc Fund Tr Shrs A Fund Tr Shrs B Incorp Investors Inv Tr N ¥ Coll Iivestors Fusid of ‘Am Major Shrs Corp__ - Maryland Fund - Mass Invest Tr._ Muturl Invest ___ Nation Wide Sec Nation Wide Sec vt~ N Y Bk Tr Shr North Am Bnd Tt cifs Nor Am Tr_Sha QanvrIv Inc Shrfi,, = Belected Am Sh Selected Am Sh Tnc__ Selected Cumul Sh__~_ Selected Income Sh_ Selected Man Trust B__ Spencer Trask Fund__ Stand Am Tr Shrs.___ Etand Util Inc Super of Am Tr A Super of Am Tr AA Buper of Am Tr B Super of Am Tr BB__ Super of Am Tr C____ Super of Am Tr D Supervised Sb ‘Trust Fu Trustee S “Trustee Stand Trusteed Am Bl Fisteea N Y BE Shre Buf N & EPpf (1.60) z Buffalo Niag & Eastp 1st pf(5) 50s 9 Bunker Hill&Sul. 100s Butler Bros Can Marcon! Carib Syndicat — 1 | Carrier Corp.. Catalin Corp Cent Hudson G & Eetfs (80¢c).... Cent P& L 7% pL(1%).__. 258 Cert& S W Util . 2 Cent States Elec 11 CentrifugalP(40c) 1 Charis Corp (13%3) 10 Chi Riv&M (13 1 Childs Co ot - 2408 Cities Service. 144 Cities Service pf E Clev Tractor _ Club Aluminum._. Colon Of1 Colts Pat F A 1% Columb O&G vtc. Com'with Ed (4) .. 250s | Com'with&s war_ Como Mines Compo Shoe Mach s.t.c.(50¢) | Consol Atreraft.. Cons Copper. _. | Consol Gas of BONDS ON THE CURB MARKET. DOMESTIC BONDS Alabama Pw 4’ Ajabama Pow Alapama Pow A B Poy Amer G&E 3 i Pow | Doehler Die Cast. | Driver Har(a | Uu\nk Tex \uluh 1063 101 -1 Baltc (3.60) Cons Retail St Cooper Bessemer. | Cooper Range Cord Corp Cosden Oil Me (d) Crane & Co Creole Petroleum Crocker Wheeler_ Croft Brewing Crown Cent Petr._. Crown Cork Intl A (350¢) Cueno Press(1.20) Cusi-Mexicana M. Det Gray fron & Foundry (blue) Dictograph Prod Distillers C-Seagr o [55-JON Dow Chemical (2) o e & - Duke Power ( Eagle Pitcher Ltd stn G&F Asso Stn GRFDIA(6) n States Pw. kdison Bros (1) - Elec Bond&Share Etec Bd bt (5) Elec BA&Sh pf (6) Li Pwr Assoc (A) Elec Sharehid'g DI WS (311z) Equity Corp Ex Cell-O A&Tool Erere o S axmSom 100s ! Faircnid Aviat'n. Cni Dis Ei 4 Chi Pneu T 5'; Cin St R 5'28 A Cin Str Ry tis Cities Service 5 Cities Service Git Srv Gas Cit Srv Gs Cit Srv Pw ; Cit Srv PL ; Com Ed 4'2s C '3 Com Edis 4s F ' Cul a1 Cudahy Pki 3'as Dallas PL tis A '49 Denver G&E 5s De 106 1¢ 97 103 8212 Fairbnks ) Federal W Firestone Firestone, Fiorida P&L Gatincau Pw Gatineau Pw Gen Bronze Gen Pub Ser Falstaft Brewery _ Fanny ¥ C ey Kisk Rubber Flintkote (1) A__ “la &L pr Ford M Can A 1% Ford Mot France. Ford Mot Ltd (@ll.ie) Norw PS_5 Osaen G Onio Edison’ 5s 5D No 1l 33 € Noli 3l D7 1il 4! Sta Elana o & E Stand G { Stand Inves 53 | ecora Rad hs "y * Manitoba Pw 5 5 Siand P Stand T $1as A"'4 Sup of Tl 41as Syracuse L 55 B Tenn El Pow Texas Elect .’i : Stpe Tide W Pw 5s A% Twin CR s 2 55 105% R0V, 9455 91 105 106 | West_Penn t P 8 Neb Pow s A Neisner Bros ds 6912 105 1013 106 | 830 | 101 997 454 1 106% 832 2 46 101 2015 0315 93 s 106% 106% | 04 ' 10313 104 1027 10232 1027, 2 29 37 37 Tex U Wes A WU Bias A York Rwy | Buen A Pr P Ruhs GC 6% A Rus 625 ct{ NC * & 10 Terni So 6'z 48 w—With warrants. xe—Without wa ts. _n—New. wi—When issued. {stp) —stamped. $Negotiability tCompanies repo: 53 10% 48 £ in receivership, di impaired by maturity. Stock and Sales— Gen Alloys . Gen Pub Sve pf.. Gen Tire & Rub. .. Georgia Pw pf(6) Glen Alden C (11) Gorham vte ext wm. - Grand R Var (50c) Great Northern Paper (1) Greenfield T&D... Gulf Oil of Pa_. Hartman Tob Harvard Brew. Hazeltine Corp t1. Hecla Min (alvc) Hollinger G(165¢) Holly Sugar._ .. 2508 Horn&Hard (1.60)125s Hudson Bay 76 9 258 25 2 10 IOOu 5 4 4 2 1 7 * Min & Sm(a50c) Humble Oil (1) Hygrade Food Hygrade Syl (2).. 2155 Imp Oil Ltd 54 coupon (160¢) . Imp Oil Ltd reg (160c) . Indiana P L ( insurance Co of North Am (2) . Intl Mining (60¢)- | tntl Mining war | Int Petrolm(t1%) intl] Util (B) 1rving Air C(160c) Jersey Oentral- P&Lpf(T)..__. | Jones&Laugh St | Klein (D E)(t1) .. Lake Shore M(12) Lakey Fy & Mch Lefcourt Realty Lehigh C&N(50¢) Lone Star Gas 30¢ Long Istand Light Louisiana L&Ex. Lynch Corp 12) McColl Fr (80¢) McCord Kad (1) Mangel Stores Mapes Cons (2) __ May Hos cu pt (4) Mem Nat G(alOc) Merritt Chap & S. Mesabi Iron Michigan Sugar.. Middle W Ut «d) Mid West Util conv pf A (d). Millland Stl Prod - Miss Rv Pw pf(6) Mohawk Hudeon 1stpf (4) Molybdenum Montreal H Lt Pw(133) .. | Mount Prod (Gllc) | Nat Bella Hess __ | Nat Fuel Gas (1)~ Nat Investors NatInv pf (34) . | Nat Leather | Nat P&L pf (6) ‘| Nat Rubber Mac! § 4 3 1 Nat Sugar N J(2). Nehi Corp N J Zinc (2). | Newm Min (al) | N'Y & Hond (11)_. 50s N Y Tel pf (6%) . 75 N ¥ Transit (30¢) Niag Hud Pw Niagara Hudson Pw (A) war __ Nipissing (al23e) Noma Elec Corp.. Nor Am L&P pf__ | Northern Pipe | Line (50¢) Northern States Power (A) Novadel Ag (2) - Ohio Brass B (1 Ohio Oil cu pf (6). Outboard Mot B Pacitic Eastern.. PaciticG & E 1St pf (113) Pac Public Sve.. Pacific Public Sve pf (320c). 2 Pac Tin spec (1) .. 50s Pautepec Oil Parke Davis (11 Parker Rust 13)_.ln05 Pennroad Corp . 42 Penn P&L pf (6)_. 208 Penn P&L pf (7)_ Penn Salit (13) Penn W&P (3)_ 1 Pepperell Mz (3) 208 Phoenix Secur Pie Bakeries(§0e) Pierce Governor. . Pitney Bo P (20¢c) Pitts B&L E(11;) Pitts Plate G(1Z) Potrero Sugar Premier Gold 112¢ Propper McCall'm | PugeL Sound Pw & Lt $5 pr Puget Sound Pw & Lt $6 pf _ Pyrene Mfg(az0c) Reliable Stores ReybarnCo .. Reynolds Invest__ Royal Typewriter | Ruberoid Co (1)_. St Regis Paper. Scovill Mfg (1) | Segal Lock & H Selected Indus | Selec industri allot ctfs (3%3) 1008 Seton Leather __ Shattuck Den Min Singer Mfg (16) - Sonotone Corp. South Am Gold | & Plat tave)__. Southn Calif Ed pEB(1%) Southn Calif Edi pIC (1%)- Sou'land R(r20¢). Spanish&Gen B__. Sy Deal pt A 2.20_. Square Deal (B) .. Stand C&S (2.40) - Stand O Ky (71) Stand Silver & L. Starrett Corp.. Stetson (J B).. Strook & Co- Stutz Motor _ Sun Investing. | Sunray o1 Sunshine Min 1. Swan Finch Swift Intd (2)_. Taggart Corp_ | Tasteyeast(Del)A 14 | Technicolor Ine 14 Teck Hughes(40c) Texas Gulf Prod_. | Texon O&Ld (60c) “Tob Prod Ex(10c) Todd Shipyard (2) ‘Trans-Lux Daylite Pic Sn (20c) | Tri-Conu C war-.. | Tubize Chatillion Unexcelled M aloc | Unit Air war . unitCarr K (1) oo Unit Corp war. Unit Founders unit Gas Corp _ Unit Gas Cor war. Unit Gas Corp pt. Unit G&E pt (7).. 10s Uoit Luerw (A).. u Unit Lt&Pw pt | Unit Shoe M 1215_ loo- US Elee Pwww. . 1 | US roil (B) (§0e) "2 USLinespt_. _ Unit Verde B 40c_ United Wall Paper Univ Insurance. | Utah Apex | Utah Pwr& (31.16%c) . Utiliues P&L._ Utilities P&L pt. 150- Utlity £quitie: Utility kq pf(3%) 25- Venezuela Petroi. zl Wauco Atrcraft___. Waitt & Bond (B) Walgreen Co war- * | Walker (Hiram) wayna Pump n(d) | Wenden Copper W Va Coal&Coke Westn Air Kxp(n) Western Auto Supply (3) A-_ 200s Westn Md pf 108 WesL Tab&s DT Woodley Pet (40c) 2 Woolw (F W) a73 9-10¢) 3 Wright Harg t40e 23 Yukon Goid . vidend rates in 73 16 10 10 50s 1758 225 1 38 3 100s 2 360! 1051031 258100 Dividend Rate. Add 00. HI:h Low. Close. 21% 144 4 1% 1% 22% 6l 59 & 14% & 18%, 104 DAy 103 100 62 65k 3 103 65 3 65 4% 641y 16% bin 27% COPPER BOOSTED 10 SCENT MARK Metal Now Is Full Cent Above Low Following End of Code. B~ the Associated Press. NEW YORK, September 16.—The price of domestic copper was raised today to 9 cents a pound from 850 cents, the level which has prevailed since August 19. On that date the price rose from 8 to 8.50 cents a pound on record sales. Improved demand during the past few months for the metal has been a factor in the rise in the prices of both the domestic and foreign com- modity and today’s upturn had re- cently been expected in copper circles. At the new price of 9 cents for domestic copper quoted today the | metal, now stands a full cent above the 8-cent level to which it declined | following the demise of the N. R. A. copper code. Higher prices for export copper were said to have been stimulated by an | increase in consumption mainly in | Great Britain, Japan, Italy and Sweden. Sharper demand has been | attributed both to improved industrial | activity and to military needs. ‘The export copper price has re- cently risen from 8.25 cents to around | 8.42 cents a pound. STOCK HOLDERS CALLED BY VIRGINIA ELECTRIC By the Assoclated Press. NEW YORK, September 16.—Stock- | holders of Virginia Electric & Power | Co. have been notified of a special 1% | meeting to be held on September 27 *1to consider | the authorization and | creation of a new mortgage on the property of the company. Authoriza- tion of the issuance of not more than | $40,000,000 of bonds under this mort- gage will also be taken under con- sideration at the meeting. NO SECOND GRADE D. C, Holland Increases Discount Rate to Check Gold Flow By the Assoclated Press. AMSTERDAM, Netherlands, Sep- tember 16.—The Bank of the Nether- lands ‘today incremesd its discount rate from 5 per cent to 6 per cent. The increase was due to the desire to protect gold stocks and check the outflow of gold which started during the week end. It was understood the cabinet suc- ceeded in drawing up plans to balance the 1936 budget by a series of new, drastic economies, including salary cuts. Authoritative quarters expected that Premier Hendryx Colijn would an- nounce that the cabinet intends to take all steps necessary to defend the present gold parity of the guilder. Rallies at New York. Guilders held the center of the stage in world foreign exchange deal- ings today as the Bank of the Nether- lands raised its discount rate to 6 per cent from 5 per cent in an at- tempt to counter pressure on the cur- rency. ‘The guilder rallied sharply in New | York, up .12 of a cent at 67.50 cents. | Earlier in London, where the mar- ‘keb was reported to fear nearby de- valuation of the Dutch unit, the bank | rate announcement likewise caused improvement to 7.33'; to the pound. The French franc rose .00' of a | cent in New York, aided by the firm- ing of guilders, to 6.59% cents. In earlier Paris trading the dollar had | been about steady at the equivalent of 6.592 cents to the franc. Pound Stages Decline. In New York the pound sterling\ declined '; of a cent at $4.947, while before the New York opening the| | dollar shaded higher in London at 4.94% to the pound. PARIS, Scpwmber 16 (#).—Three | per cent rentes, 78 francs 45 cen- | times; 4'; per cent rentes, 88.85. Exchange on London, 75.10. | dollar was quoted at 15.17. The | NEW YORK BAR SILVEB Bar silver steady, unchanged at 65g. éawu tfu mads ! oy v NEW YORK, September 16 (#).— | MONDAY, SEPTEMBER 16, 1935. DROP PREDICTED AT STEEL PLANTS Institute Expects Weekly Rate to Go Down 1.4 Points to 48.3. By the Associated Press. NEW YORK, September 16.—The American Iron & Steel for the current week would decline 1.4 points to 48.3 per cent of capacity. This compares wtih an operating rate of 488 pér cent a month ago and 22.3 per cent a year ago. ‘The estimated decline for this week followed a rise of 3.9 points scored last week. The drop this week was the third which has occurred since July 1, when the rate stood at a low for the year of 32.8 per cent of capacity. The operating rate as of September 2, including the Labor dey holiday, registered a decrease of 2.1 points, ' while in the week preceding there was a recession of .9 of a point. SHORT-TERM SECURITIES. (Reported by Chas. D. Barney & Co.) Allis-Chalmers Co. Amer_Beet Si i m. Tel. & Atlantic' Refining. Bethlehem Steel 55 California Packing len El Tllum. Gen rvice Gom-m Silk Ho: Grand Tr. Carada 63 Gugeat Northern R\ : Tilinols Central 6'/s Intl. Tel & Tel Lake Erie & West Uhllh Va]lrv 0al Loujs N 1 1930 0‘4( i _v hi & New ‘ork Dock 55 ! | Ohio River R. R Penn-Dyie_Cement 6 ) 106 i Institute | today estimated that steel operations | 2 3 | assets, FINANCIAL. Bank at Hongkong' Unable to Open, ] Stores Affecred‘ By the Associated Press. HONGKONG, September 16.—The | Chinese National Commercial Savings | Bank, which s assoclated with prom- | inent Chinese department stores, | failed to open today. | It had been experiencing a run since the Bank of Canton’s suspen- | sion September 5. Officials said the difficulties were due to a drain on! deposits combined with frozen assets. EXTRA DIVIDEND VOTED. CHICAGO, September 16 (#).—The Independent Pneumatic Tool Co. to- day announced its regular quarterly | dividend of 75 cents a share and an | extra dividend of 25 cents a share on | outstanding capital stock. The divi- dends are payable October 1 to stock- holders of record September 20. CHICAGO LIVE STOCK. | g CHICAGO. September 16 () (United lfi'l(l including 3.000 direct: mostly 1 |t : higher than Pri- ¢ 15 bulk, 180- 30,1 2.00 around | £ mediums best sows. 10.6; H " calvi 500: grain-ted | steers and yeatlings comparatively scarc: | better g:ade offerings strong. others siow steady and er ¢ 300 potinds Cattle. 1K,000: bulk of £rop of value to’seli at 11.00 downward. with most stockers and feeaers | 2030 down: all she stock under pres: sure but early trade slow. steady with Drospects weak to lower. bulls strong at down: " vealers mostly 10.00 down. ew 10.50 Sheep. 12.000: fat lambs active fully steady to strong: sheep and feeding lamb: | Arm:” bulk. native lambs. 0.00a.-95: to mall killers. mo range, native ewes, feeding 0.00; It):hu here. ambs. | -nound lignt- no choice | e ‘| U.s.TREASURY POSITION. | | | | By the Assoclated Press. position of the Trea Sep- | i ce, $1 eceipts for th | month. ‘81 R—ec'jpn for the fiscal year (since July | ) txoeuduu'n €] - ‘including o4 | Cm»d The Nermandie is the Greatest Sh LENGTH . BEAM 1055 REGISTER TOTAL, PASSENGERS & CRE T By :6ncon0ruting on only one motor fuel, economies are effected in refineries, warehouses, delivery trucks and gas pumps. That is why we are able to give you High-Test, Knock- less Power and Long Mileage ...at REGULAR GAS-PRICE. Chicago Grain By the Associated Press. CHICAGO, Septzmber umps of wheat prices 16.—Brisk late today -ccompnmed greater evidence of war tension in Europe. The chief new stimulus was notice that ‘war risk clauses had been can- celed by London insurance under- writers. Unusual strength of wheat prices at Buenos Aires a2dded to bull- ish sentiment. " ‘Wheat closed strong, 1%;a2’; cents above Saturday's finish; December, 95%:a95%; corn, 's off to a rise of 2 cents; December, 57'5a574; oats, unchanged to 3; higher, and provi- sions, unchanged to a rise of 30 cents. sVHEAT— Open. High. Low OATS— Sept. __ Btates Department of Agriculture) —Hoxs | OC Chicago Cash wheat, No. 3 red, 95'4: No 1 hard, 1.14-15; corn, No. 2 mixed, 831, | No. 2 yellow, 83! 2-84'4; oats, No. 3 white, tough, 30-30’1 No. 3 white | 28-32';; no rye, buckwheat, soy beans; barl nominal; feed, 35-48 malting, 50-75; timothy seed, 2.50-65 hundredweight; clover seed, 10.00- 16.25 hundredweight. Baltimore Quotations. BALTIMORE, September 16 (#) — Wheat, No. 2, red Winter, garlicky, spot domestic, 86 September, 867%. Liverpool Grain Prices. LIVERPOOL. September 16 (7 futures closed steady. Hih. ~—Wheat Prev close lose October 3 December Bhae March ARty Exchange, 4.94%4. Federal Mming & valunz Co.— Net income before depreciation, de- pletion and taxes six months ended July 31, was $176,944 vs. $203,264. THE NORMANDIE oot | . 1,029 FEET = 5l vie e i NIRRENY . 79,200 TONS w3326 ...there is only one Blue Sunoco and it, too, stands alone .. NO THIRD GRADE