Evening Star Newspaper, October 4, 1935, Page 17

FINANCIAL, THE EVENING STAR, WASHINGTON, D. C., FRIDAY, OCTOBER 4, 1935. CURBLIST SCORES [NEW _YORK CURB MARKETSRp ISt SEEN \GOLD STOCKS HIT FINANCIAL. xx3 A_1? ' GARDEN L0SS MOUNTS. loss of $145,604 for the three months ended August 31 (the first quarter of NEW YORK, October 4 (R).— |tpe current fiscal year) compared Madison Square Garden Corp. and | with a net loss of $80,596 for the UNEVEN RECDVERY 55,27 = = et Utilities, Oils and Mining Shares Gain—Specialties Turn Irregular. By the Associated Press. NEW YORK, October 4.—Recov- ery continued in curb stocks today in somewhat irregular fashion. An early rise in some of the volatile specialties prompted enough realizing to reduce the gains. Advances were general, however, in utilities, oils and mining shares. In- dustrial specialties were mixed. Stocks like Electric Bond & Share, Aluminum Co., American Gas & Elec- tric, E. W. Bliss, Gulf Oil, Niagara Hudson Power, Newmont, Pepperell and New Jersey Zinc were ruling % to 2!2 points higher in the late trading. BONDS ON THE CURB MARKET. — DOMESTIC BONDS. High, Low. Noon. Alsbama Pow 4'35 '67_. 83 ' 83 83 Alabama Pow 5s 101% 101% 101% Aluminum Co 5s '5: 107 107 7 Aluminum Ltd 58 Amer G E 5s 2028 106% 106% 106 Amer P & L 6 V18- B0ty R Am Roll Mill 10213 10 Am_Seating A% DTy 4 Appalch _Pow 5s 105% 105 Arkans P & L 5s 04 " o4 Asso El Ind 4las 46l 40, As50 G & E b3 50 oz s Firestone Tire 55 4 d L5 Georgla Pw 58 Ga P 55 - Glen Alden C 4s '65 b B filas A 35 W 805 82y Z101% 101%1 6 08 ) 1205 zknn 5 87 BT o 93Y 921, - 10 100% 100% 210473 10413 10415 21067 106% 1063 104 104 104 s 5 t_Us "4 105 105 5} Long Isind L 5 5 LaPgL5s 100% 101 Los AG & 8 7% 1063 106% 5ias '3 9075 903 9078 013 101%5 1013, 6% 1063 1063 -104 104 104 3% 03% 9% | 04 100% 1004 G« 1agis 180 78 107% luz‘. ) a 10235 102% 1023% o B2V B3V 102 110% 1107 334 K31y A3, 5 1064 1¢ D o0Th 06% 4 aRETTZ R Thay A'4l_ Bl% 81% St ma 70N SemtT 80 60T a0 Pled Elec 6145 A '00. RN = rrants. e -'r'r'sn w:m'n—;%'. wi—When issued. st._ (stp)—8tampe: {mpatred by maturity. oI Renles Teported in Tecelvership. SHORT-TERM SECURITIES. o oBEy Allis-Chalmers AR FolS tiani 'nennmr 55 Steel s 1 '«fj‘:fi'{' Packing 5 2%, et i D! 2 2" £+ 25358 1 b [T SR5ERRRR3L2 FFae S ‘anadium Corp. Warner Bees. §°'1eso st M. Yo s P Be 18375 Stockand Sales— Dividend Rate. Add 00. High. Low. Close. AeroSupply (B) 2 2 2 2 Ainsworth (al%) 2 438 AlgomaConLtd.. 6 % AlgomaLtdpf - 8 & Allied Milis(s26c) 2 16% Alum’n Co of Am 1200878 Alum’n Ltd 1 36 Am Beverage 3 3% Am Book Co (4) . 20s AmCappf (31%). 1 Am Ct P&L A (3) 25s AmCitlesP&LB 4 Am Cynam(40c)B 26 Am Equities __... 2 Am Founde 1st pf (B) _... 100s Am Founders 1st pf D = Am Gas&E (1.40) Am Lt&Tr (1.20). Am Maracaibo . % Am Meter Co . 15 Am Superpower _ 1% Am Superpw of _ 3 2214 Angostura (+20¢) 4% 4% Appalachan Elec Pwr pf (T) 208 105% 105% 105% Arcturus Radio T L Ark Nat Gas = 1% 1% Ark Nat Gas A 1% 1% 1% Ark Nat Gas cu pf 5% Blg 5% Art Met W (40c) - 8% 8% AssoG&E . J ASS0 G & B (A) _. Asso G&E $5 nf Asso Invest (80c) 200s 33% Asvo Rayon L 1% Atl Coast Fisher 6 7 Atlas Corp (a30c) 1% Atlas Corp war . 3% Auto Voting Machine (t50c) 12% Baldw L bd rts(d) ) Bellanca Aircraft 4 Blis: 11% Blumenthal § _ 16% Botany Cons (d).. Bourjois Inc (a25c) = Bower Roll B (1) 1 Brazil Tr L&P Brill Corp A _ Brown Co pf Brown Forman... Buf N & E P ot 1.60) Soie Bunker Hill&Sul 258 Burma, Ltd (a15 1-5¢) Butler Bros Cables&Wire (A) Cables&Wire (B) Cable&Wpf a14.9¢ a8 Can Indus Alco A, ™ Can Marcon1 ._ 1% Carib Syndicat % 2% 2y Carrier Corp 10 Catalin Corp 8% Celanese pf (7). 25s 105% 108% 108% Celanese 1st pf(7)250s 108% 107% 10735 Cent Hudson G & Ectfs(80c) _. 6 14% " Cent& SW Ut - 1 1% 1% Cent States Elec 1 1 Centrif Pipe (40¢) 6 5 5% Chi RIiv&M (1%) 7 207 20% ChudsCopt ____. 10s 2 21% Cities Service __ 30 1% { Cities Service pf 6 18 | City Auto St(60¢) 2 % Clev Tractor _. 3 3 13% Club Aluminum. 1% Colon O11 - 1% Columbia Gas & Eleccv pf (5) 3 864 Columb O&G vte o 1 Com'with Ed (4) . 87% Com’with&S war i * Community Wat § & Como Mines . » 1% Compo Shoe Mach s.t.c.(50¢) 11% Consol Afreraft._ ¥ 14% Cons Copper _.... E 3% Consol Gas of Baltc (3.60) __ Cons Retall Stores 8% pf ww L Cons Royal (20¢c). Cooper Bessemer_ Cooper Bess pf A. Cord Corp = Corroon & Reyn_. 3 Crane & Co - 15% 14% 15 Crane Co pf (33).. 50s111% 111% 111% Creole Petroieum. 37 21% 21% 21% Crocker Wheeler.. 4 % 6% T Croft Brewing _. 18 S % % Crown Cent Petr.. 9 11 # 1% Crown Cork Intl A (350¢) —~ 1 10% 10% 10% Cueno Press(1.20) 1 331 331 33% Cusi-Mexicana M. 27 1y 14 1% D.El‘ Gray fron & oundry (bl0e) 1 8% 8% 8 Dictograph Prod 4 7‘ ?h '.)/‘ Distillers C-Seagr 23 24% 24% 24% Distilled Liquors. 13 111, 11 11% Doehler Die Cast 223 23 23 Dow Chemical (2) 1100 100 100 Driver Har (a50c) 9 32 3uls 32 Duke Power (3) 258 62% 62% 62% Duval Tex Sulph 3 91, u3, 9% Bugle Pitcher Ltd 1 6% 6% 6% Eastn G&F Ass: 6 3% 3 3 Bastn G&FpLA(6) 160s 4135 41 41% Kiec Bond&Share 339 125 11% 12% Elec Bd&Sh pt 16 63 61% 62 E‘I ll:'r Associates 1 4% 4% 4% 'WI ASSOC (A) 7 4 Elec Sharehid'g G PIws (3135). 258 T4y 741 Equity Corp 11 2% 2 Kuropean Elec Ltdbdrts ___ % k) Ex Cell-O A&Tool 57 20 18% Faircnild Aviatn. 2 8% 8 Falstaff Brewery. 1 4 4 Ferro Enam(80c). 9 268 26% Fidelio Brewery | 1 "3 sy First Nat Stores 1st pf (7) Fisk Rubber.. s 5% Fla p&Lpt. ___._ 40% 40% 40% ;llnlkolé (1) A 2T 26% 271 ord M Can A 1%. 24% 24% 2 ¥ord Mot (Can) i Bay) . ___ 30 Ford ;do! Lt i (a17.7¢) % Y Y Froedtert Gr & M ai conv pf (1.20) __ 16 Gen Alloys 12 l:;: Gen El Ltd rg 15 15 108115 115 115 13 5% 54 1 (a373%c) 4 Gen Fireproofing_ 1 7y % Glen AldenC(r1) 5 2134 21% Globe Under (50¢) 1 11 1 Dividend Rate. Add 00, High. Low. Close. Goldfield Consol 2 W % W Gray T P S(ab0c). 60s 17 17 17 Great Atl & Pac ‘Tea 1stpf (7). 108129 125 129 Great Northern Paper (1) 21% 21% 3reenfield T&D .. 6 6 6 Guardian Inve: Gulf Ofl of Pa. Hall Lamp (al0e). Hazeltine Corp 11. Bacla Min (al0¢) Hollinger G(165¢) Holly Sugar Horn&Hard (1.60) 768 Hudson Bay Min & Sm(aboe) 25 Humble Oil (1)__. 10 Hygrade Food ... 3 11 Pw&Lt $6 pf_ 4008 1mp Ol Ltd coupon (1608) ... Imp Oil Ltd reg (160C) cccuee 1 Imp Tob Can (135¢) e 10 Imp TobGB & (1.077-10). .. 1 Indiana P L (30¢c) 1 Insurance Co of North Am (2)_. 2008 1ntl Hydro Eleo Systemcvpf 3508 8% Intl Mining (60e). 2 123 ntl Mining war 4 3% int Petrolm(t1%) 19 33% Intl Products 1 3% Interstate Power (Del) pt - 10s 16 16 Kans GEE pf (7). 108104 104 104 Kirby Pet (az0e).. 11 2% 2% 2 KleinertCo .___ Th T Lake Shore M(12) Lenigh C&N5VC) Lerner Stores (2) Lone Star G: Long 1siand Louisiana L&Ex Lynch Corp (2)... McCord Rad (B) .. MoWill Dredg(13) Maryl'd Casualty. Massey-Harris _ 2 Mayflower As (2)_ bUs Mesabiiron . .. 1 Michigan Sugaf.. 1 Middle States Petrol vic Acea. 1 Mid West Util conv pf A (d) 1 2% 24w 2% Mock Jud Voe (1). 4 14}s 15} 16 Mohawk Hudson 15t pf (4) 2508 75 78 75 Mohawk H2d pf. 100s 32% 321 32% Molybdenum . 13 12% 12 12 Mont Ward A (7). 100s 134% 133 133 Murphy Co (1.60). 8137 134 134 Nat BellaHess . 10 11 1% 1y Nat Bd&sh (11).. 1 37% 3% Nat Fuel Gas (1). 2 16% 167 167 Natlnovestors ... 3 1% 113 1Y Nat P&L pf (6) 1008 73 14 Nat Rubber Mach 2 4% 4% 4% NatSugar NJ(2). 2 22% 22% Nat Union Radio. h h NJ Zinc (2) 65% 67 25 584 58 N Y P&L pt (7). 98k 98k N Y Shipbldg- ... 8 3 8 -eeee 1 16} 16'5 16% N Y Tel pf (6% ). 508119%5 11933 119% Niag Hud Pw.___. 114 8% 7% 8 Niag Sh Md B 10 7% 6% Tw Niles-Bem-FPond. 2 20 26 25% Nipissing(al2ie) 1 2 2 2 2% 2% Noma Elec Corp 8 2% Nor Am L&P pr . 3608 22 21% 2z Northn N Y Utll PLT) . 1508103 99 103 Northern Pipe Line (50c). 6% 6% 6% Northern States Power (A) ___ 15 14% 15 Novadel Ag (2)... 29 29 29 Overseas Secur... 3 3% 3 Pacific Kastern-.. 3 3 3 PaciicG& B Fac Lugnte ot (8) 50s100 1oge 100t ac Light'g p: % 108% 108! Pxcific Publie . Svepfi32ve) © 1 19 19 19 Pac Tin spec (a2).150s 35% Pan-Am Air (1) Pantepec Oll.__._ Parke Davis (11). Pennroad Corp Penn GEE(A) 1% 144 14% Pean P&L pt (7) 208103% 108% 103% Pepperell Mfg (3)110s 64 631 64 Phoenix Secur.... 1 2% Phila Co (60¢) .. 4 Plerce Governor__ 3 Pines Winterfront. 1 Pioneer Gold Mines Ltd (80c) | Pitney Bo P (20c) { Pitts& L E (2%)_ Pitts Plate G(12) 5 Potreto Sugar. . 10 Propper McCall'm 1 Prop Realiz vic (a3.40) . 508 Puget Sound Pw & Lt 35 pr 758 Puget Sound Pw & Lt36pt 100, Pyrene Mfg(a20c) Rwy&Lt Secur. Reybarn Co._ Reynolds Inve: Richmond Rad __ Root Petrolmeum. Root Petroleum CV pr pf(1.20).. Royal T'ypewriter Ruberotd Co (1) Russeks Fifth Av. St Anthony Gold.. St Regis Paper St Regis Paper p! Salt Creek P(30c) Selby Shoe (2) Selected Indus es allot ctfs (3% ) 1508 Selec Ind pr (3% ) 100s Shenandoah pt 1 Shattuck Den Min Smith (AO).__. & Plat (40c) Sou Penn 0il 1. Southn Calit Ea| part pf (1%) 25s Southn Calif Ed oI B (1%) ” 128 28 South’'n Nat G (d) 4 B} By CRUDE OIL OUTPUT DECLINES IN AUGUST Daily Average Drops 21,600 Barrels Below Figure Recorded for July. By the Associated Press. The Bureau of Mines reported to- day production of crude oil in August Was 84,816,000 barrels, or a daily average of 2,736,000 barrels. This average was 21,600 barrels be- low July, 7 per cent above & year ago and 81,000 barrels above the recom- mendations of the bureau for August in the excess of daily average pro- duction over the recommendation in August (81,000 barrels) was slightly below the excess in California, indi- cating, the bureau said, that produc- tion east of California was below the recommended level for the first time since November, 1933. Withdrawals from crude stock con- tinued heavy as refinery operations were reported to have been main- tained at high levels. The bureau said that despite an increase in the yield of gasoline by cracking the average declined from 453 per cent in July to 44.8 per cent in August. The domestic demand for motor fuel in August was 42,901 barrels, an in- crease of 10 per cent over August, 1934. ‘The price index for petroleum prod- ucts for August was 52.4, compared with 52.9 for July and 51.6 for August, 1934. MONEY MARKET. NEW YORK. October 4,(P.—Call T’SE um‘E 60-80 days. Vs oftered: 4- mon e, 8 S e &5:‘;{3@‘ rate New York Raseree BakE: LIVE STOCK PRICES AID FARM INCOMES | By the Associated Press. RICHMOND, Va., October 4.—Vir- ginia farmers received $784,000 more for their live stock and live stock products in June of this year than in June, 1934, according to estimates made by the United States Depart- ment of Agriculture. This gain in revenue, however, was offset by s decrease in total receipts for crops this year in June of $929,000 under the same month of last year. hm!!r: Jmelud $3,955,000 for their crops une, 1934, as compared with $3,026.000 for the month Lhu'ydeu With rental and benefit payments ircluded, Virginia growers received in June of this year a total of $6,953,000 in combined receipts for the sales of crops, while in the same month of 1934 the total farm receipts were 46,829,000, NEW YORK BANK STOCKS October 4 (P.—New York tion: NEW YORK. Security Dealers’ Assocla! @Quotations as of 2 o'clock.) B of Man (1) Rers 17 Bhivn Tr (8) Filclurs Fnlmd Dividend Rate. Add 00. High. Low. Close. Sou'land R(v30c) 1 5% 6% b% Spanish&Gen rets 7 % % 8q Deal pf A 3.20. 1508 84y Square Deal (B).. 1 33 32 Stand Brewing .. 6 % Stand Of1 Ky (11) 8 20 Stand O1l Ohfo... 12 Stand PwaLt 10 Stand Silver & L 5 Starrett Corp (d)- 1 Starrett Cppt(d). 2 Stuts Motor 10 Sunray Ol 7 Sunshine Min 1.60 26 Swift intl (2) 1 Swiss-Am El pf__ 100s Swisa Oil (40c) 6 Tasteyeast(Del)A 1 Technicolor inc 10 Teck Hughes(40c) 3 Texas Gulf Prod . Texon O&Ld(60c) Tob Prod Ex(10c) Tonopah Mining Trans-Lux Daylite Pic 8n (20¢) 2% "3 Fri-Contl C war Tubize Chatilliol 4% 4% Tubize Chatil A 18% 18% Tung-Sol Lamp . % 8% Union Gas (Can) (al0c) - 5% 5% Union Tobacco. Unit Chemical.. Unit Founders . Unit Gas Corp . Unit Gas Cor war. Unit Gas Corp pf- Unit Lt&Pw (A). Untt Lt&Pw pf Unit Molasses Ltd (a6%c) Unit Profit Share Unit Shoe M 12% 300s U 8 Foil (B) (80e) 166 USLinespt . 1 U 8 Radtator pt_. 768 United Verde Exten (f20c).. 6 United Wall Paper 19 Utah P&L pf $1% 2508 Utihues P&L T Utility & Indus * Utility & Induspt 1 Venezue 2 1 1 7 Walker (Hiram).. Walker Minin Wayne Pump _. W Va Coal&Coke Westn Afr Exp(n) 10 Western Auto Supply (3) A__ 1508 Westn Md pf - 108 59 Wil-low Cafeteria 3 % » Wilson Jones 1% . 1 22% Woodley Pet (40c) 1 5% .54 bl Woolw (F W) 273 9-10c) 2 26% Wright Harg t40e 10 7h Tk Th Yukon Gold 5 1 1% 1% Dividend rates in dollars pased on ine FNEndi Tate Sl eatre - TAcommRate0 dividends_ aPaid this year bPaid iast ‘dCompanies reported Ehv.-"r- 505 or ‘eihe Teoresnised - uls dividend 26% 26% | N RETAIL TRADE Real Fall Weather Brings Gains of 5 to 15 Per Cent Over Week Ago. By the Associated Press. NEW YORK, October 4—A “sharp rebound of retail buying from the| moderate recession of a week earlier” was cited today in the weekly trade review of Dun & Bradstreet. “With the sudden drop in tempera- tures real Fall weather brought a quick rebound in buying at retail, taking up all the slack that the recur- rence of Summer heat had caused a week earlier,” the survey said. “With gains for the week ranging from 5 to 15 per cent, retail sales for the country were estimated at 8 to 12 per cent ahead of the corresponding 1934 totals. “Volume of wholesale trade for the week increased and widened the margin of improvement over the mcl comparatives. The gain was exmded, to nearly all divisions, in both the form of reorders and fresh commit- | ments. “Forward commitments registered | another increase as rising prices and a shortage in a number of the most desired lines stimulated the covering | 1934, of more than requirements. “The remarkable broadening of the machine tool trade has resulted in most foundries running ahead of last year's output. “While operations will be expanded cautiously, most of the cotton goods mills plan to increase operations dur- ing the current month. Most of the cotton goods mills are sold ahead, with orders up sharply for industrial cloths,” the review concluded. FOREIGN MARKETS. By the Associated Press. | ,, LONDON. — With traders discarding their nervousness, the Stock Exchange corded s better one today. Repurcha: | caused ilt-edged securities to advance Ya | | to 1% points and strengshened most other | rections. including s-Atlantic _issu Armament and airc shares were the feature of the industrial section, The market closed firm. PARIS —Prices ‘were stronger on the Bourse to with the market calm. as | short interests covered due to war unea: | ness * Rentes. industrials and intern tional issues -advanced. The closing was impioved. @ A plentiful supply of hot water always on tap. ® Speeds hundreds of everyday household tasks. @ Clean hot water instantly in case of emergency. Economical to operate — only a few cents a day. Completely automatic—ends stair, climbing. ® An aid to feminine loveliness, and family health. , $117,000,000 in monetary gold stock ALL-TIME PEAK $117,000,000 Imports in Week Lift Monetary Total to $9,414,000,000. By the Associated Press. The weekly statement of Federal Reserve Banks reported that addi- tional imports of $117,000,000 during the week brought American monetary stocks of gold to $9,414,000,000 during the week ended October 2, the highest level ever reached in this country. The new peak is $1,434,000,000 in excess of the corresponding 1934 period. Member bank reserve balances re- versed their usual trend and showed 8 loss of $12,000,000 for the week, which brought the total to $5.224,- 000,000, & figure still $2,600,000,000 in excess of legal requirements. The conditional statement said: “The daily average volume of Fed- eral Reserve Bank credit outstanding during the week ended October 2, as reported by the FederalReserve Banks, was $2,480,000,000, an increase of $3,- 000,000, compared with the preceding week and of $20,000,000 compared with the corresponding week in “On October 2 total Reserve Bank credit amounted to $2,470,000,000, a decrease of $4,000,000 for the week. This decrease corresponds with a de- crease of $12,000,000 in member bank reserve balances and increases of and $17,000,000 in Treasury and na- tional bank currency, offset in part by increases of $62,000,000 in money in circulation, $36,000,000 in Treasury cash and deposits with Federal Re- serve Banks, and $45,000,000 in non- member deposits and other Federal Reserve accounts. Member bank re- | serve balances on October 2 were| estimated to be approximately $2,- 600,000,000 in excess of legal require- ments. “Relatively small changes were re- ported in holdings of discounted and purchased bills and industrial ad- vances. An increase of $9,000,000 in | holdings of United States Treasury wholly owned subsidiaries report net like period last year. "Get this signal for a | bills was offset by a decrease of $9,- 000,000 in United States Treasury notes.” | AUTOMATIC GAS WATER B smart play... d¢'RUUD" HEATERS ¥ Similar reductions have also been made on the well known "A.G.P.” and “"Rex” heaters. e e e, My S R R WASHINGTON GAS LIGHT COMPANY o GEORGETOWN GAS LIGHT COMPANY