Evening Star Newspaper, June 26, 1936, Page 21

FINANCIAL CURB LIST TAKES UNEVEN COURSE List Shows Advances and Losses of Fractions to About a Point. By the Associated Press. NEW YORK, June 26.—Curb stocks | showed gains and losses of fractions to about a point today. Aluminum Co. of America, a high- priced issue, advanced nearly 6 points. Sherwin-Williams, Bunker Hill & Sul- livan and Northwest Engineering scored gains of about a point. Chicago Flexible Shaft was up more than 10 points. A Heaviness was ruled in Gulf Oil, Standard Oil of Ohio, Masonite, Mont- gomery Ward “A” and General Tire & Rubber. AMERICAN SAFETY RAZOR PLANS STOCK SPLIT-UP Py the Assoclatea Press. NEW YORK, June 26.—Directors of American Safety Razor Co. are sub- mitting to stockholders a proposal to split the shares 3 for 1. The 25.200 shares of capital stock, no-par value, now held in the treas- ury, the plan provides, will be re- tired, reducing the outstanding shares 1o 174,800. The authorized stock will then be increased to 600.000 shares of $18.50 par value of which 524,400 will be used to effect the 3-for-1 exchange. A special meeting of stockholders has been called at Richmond, Va., for August 12 to act on the proposal. BROKERS' LOANS DROP 54 MILLIONS IN WEEK Ey the Associated Press. Loans on securities to brokers and dealers, held by weekly reporting member banks in New York City, were reported by the Federal Reserve Board to have totaled $1,030.000,000 for the week ending Thursday, a decrease of | $54,000,000 for the week. Loans for the corresponding week a year ago totaled $904,000,000. BONDS ON THE CURB MARKET. DOMESTIC BONDS. High. Low. 1pm R4ly Ndlg Ndls J103'2 lngl- 1053 s i Pow Alabama 1o Alabama Pow & me Am , Am' Tron a5 Appalch Pow 55 '36 Asso El Ind |‘1l & oc (‘aml\na P& 1. s Cent Il P s 4 o » Cent Il P Cent Me 4 Cent Pw & Cn 8 Sias Cin Str_Ry 6s Cities Service Bs Cities Service 58 | 100 100 mx 1117 1037 Tos 10013 10533 10575 Lemien P 8 I by McN& }nm Teint Vecord Fad s Manitoba Pw 5'z¢ Midland VRR 5s Milw G&E 4123 Minn F&L 408 ofim Edlson Bs 80 s G & E b R4%, R43 108% 106% 105(« 106% 10615 1067 212 1212 RZ 104'/. 1011/. 104'4 104 10« 2104 7104 104 103% !(I'l"- 103% 33353232332, b b 333338 —With_warrants. 3 l:': vxll——hfle wi—When ; iy imoaired by maturity. mgfi'-"fif rnsoma I New York Central Railroad—An- other streamline locomotive is being built similar to recently completed W. By private wire direct to The Star. Stock ana suo-— Dividend Rate. Add 00. High. Low Close Adams Millis 1st of (7). 70-108\’- 103% 103% Aero Supply (B) 1 3% Ala Gr Sou (al1%) 50s ID 49 49 Alum'n Coof Am 11008 1331%126!5130 Aluminum Co of Ampf (1%) 1001"5‘6 115"4 l|5l6 Alum'n [nd (40c). 50s Alum'n Ltd 2 Alum'n Ltdcupf- 1 Am Beverage 1 Am Capital (R) 1 Am Capital pf(11) 100s 3 Am Cap prpf 5% Am City P&L (B) Am Cynam B 80c Am & For Pw ww Am G&E (1.40) Am G&E pf (6) .. Am Gen Corp Am Lt&Tr (1.20) Am Mtz Co Am Maracaibo . Am Superpowe! Am Superpwr pf_. Angostura (20¢). Apex Elec Mfg 62 94 Ark Nat Gas cu pf Ark P& L pf (7). AsSOG&E AsSOG & E (A) _ Asso G & E $5 pf Asso Invest(t1%) Atl Coast Fisher Atlantic C L (b1) Atlas Corp (a40¢c) Atlas Corp war __ Atlas C of A (3) Austin Silver Auto Products .- Ax-Fisher(3.20)A Black & Decker Bliss Co (E W) Blue Ridgze Corp Borne Scryms i0¢ Bourjois. Inc b25¢ Bridgeport Mach. British-Am O1l coupon (80¢) ___ British-Am Oil reg (80c) Bunker H&Sul(t2 Butler Bros 2 Cable E! Pred-vte Cables& Wire(A)- Can Indus Alco A Can Marcont Carib Svndicate Caro L&P pf (6) - Carrier Corp - 5 10% Catalin Corp 10 103 Celanese pr pf (7) 275s 109 Cent HG & wte (80c) Central Pwr & Lt 7% pf (313) .. 100s 65 Cent&S W Uil _ Cent States Elec Cent States Eleo 6% ot Central States Electric 7% pf 26 80 84 1 Y % 13 1% 12 2% 10s 88 « 26 9% 8% 1 1% T 1% 2% 88 10% 10% 10% 108% 108% 16% 16Y% 65 2 164 65 24 24 | Chesebroughts) Chi Flx Shft +1.20 ! Chicago Rivet & | Citles Service (B) Cities Sve Pwr & Lizht $6 pf _ |citieaSve P& L sTot. | City Aut Stpg 60c Claude Neon Lts.. Clev Tractor Club Aluminum_ Colon O11 (4) ‘| Colt'sPF A (1 Columbia Gas & Elevev pf (5) Columb Oil & Gas Com'with Ed (4) Com'with & S war Como Mines . Consol Afrcraft .. Cons Copper ... Censol Gas of Balto (3.60) _. Cons Retall St Contl Gas & El prof (1) Cooper Bessemer. Corroon & Reyn Cosden Oil Me (d) Crane & Co 107 107 7 3% 3 104 107‘: lOl mn 101 2 3 9 157 12 3% .l 15% 3% 90 | Crane Co pf (37) Creole Pet (b20c) Crocker Wheeler. Croft Brewing .. Crown Cent Petr_ Crown Cork nt (A) (31) Crown Drug allc 3 Crown Drug pf 1%100s Cuban Tob vte - 1 Cueno Press(1.20) Cusi Mex Mining. Dayton Rubber. 1 26 | Derby Ul& R . Detroit Gasket _ Det Pap Prod 25c (A) (ad0e) Dictozraphialibe) Distilled Liquors Doebhler Die Cast Dow Chemical (2) Eagle Picher Lead (al0c) | Easy Washing Mach B (150) . Etsler Elec Corp Elec Bond&Share Elec BA&Sh pf(6) El Pwr Associates El Pwr Asso (A)-. Elec Pwr & Lt optl war Elec Pwr & Lt 24 pf (A) Elec Sharehold 2 1 2 . 6508 Emp G&F 6% %pf 503 Emp G&F 7% pf 250s Emp G&E 8% pf 1508 Emsco Derrick(1) Equity Corp Evans Wall Lead Bx-Cel-O A&Tool. Fairchild Aviat'n. Faistaff Brewery. Ll o Brewery . As Phila (2) Fisk Rubber Fisk Rubber pf Flintkote Co (1)... Ford Motor (Can) A (a75¢).. Ford Mot France._ Ford Motor Ltd (18 1-10¢) Froedtert Gr& M cv pf (1.20) ... Alloys Gen Gas & Elec cv pf (B) Gen Invest Corp .. pf35.. 108 4 1 200 Gen Tel ev ot (3) Gen Tire & Rub = 250s Glen Alden C (1) 6 Godchaux S A a50c 508 Goldfield Consol 3 Gorham vtcex(1) 1 Gray TelPS(1).. 1 Great Northern Paper (1).__ __.200s Greenfield T& D GulfOil (1)..___. Hartford Electric Light (2.75) Hartman Tob Harvard Brewery Hecla Min (60c)__. Helena Rubenst'n Hollinger G(165¢) Horn&Hard pf (7) Hudson BM&S(1) Humble O} (1) Huyler’s of Del... Hygrade Food .. Hygrade Syl (2). 200s I P&L 6% pf___.100s 111 Pw&Lt $6 pt_. 7508 Imp Ol Ltd coupon (t60c) .. 13 Indianapolis P&L cum pf (6%)__- 258 indus Fin 7% pf_ 268 Ins Co of N Am(2)500: int]l Metals Inc A. 258 int Mining (80¢). intl Petro (t1%) Intl Vitamin t40c. Interstate Power (Del) pf - Inv Royalty a1% . trving Air Ch (1) ital Superpwr(A) Jersey Central = wsu WB% IOBVt 23% 28% 521& b 3% 35% 47% 48% 62% % 3% 36% 48 —»—ai’¢~na-§ 208 1 1 ‘4 AP&L 5% % pf-. 150s | Siia NatGicopt s0s | Pacific Eastern__. | Sher-will pt (5) - NEW YORK CURB MARKETTRADF RESISTANT Stock and Balee— Dividena Rate. Add 00. High. Low. Close. Jersey Central 10s 91% 91% 91% Jersey Central P&L(T) Jonas & Naum . Jones&Laugh S Kans City P B vio. Kansas City Pub Sve vtcpf A_. Kingston Prod Knctt Corp(al0c). Koppers Gas & Coke pf (6) .___ Kreuger(G)Br(1) Lake Shore M (4). Lakey Fy & Mach. tonlgh (.&Nllou 1 8% 3% 1508 34% 34% 1 % % 2 b% b% 1 4% 4N 2 4% A% 25081021 102 102‘/' 3 23 22% 10 Lone-Star Gas 400 Long IsLtpf AT 10s Loudon Pk n t60c. 1 La Land (40¢c) 13 EyncHiCorplss ST McCord Rad (B) Masonite Corp(1) 250- Merch & Mfrs(A 2 Mercantile Stores of (7) _ 258 Merritt Chap & S_ 2 Meritt Chap & S Pt (A) Mich Gas & Ofl Michigan Sugar.. Mich Sug pt K Miss Riv Pw pf(6} Mohawk Hudsen 1stpf (4). .. 150s 89 Molybdenum Corp 4 TW Monroe Loan - Society (A)ase 1 3% Moody’s Inv Sve pt pf (3) B0s 374 374 Moore Dist (150c) 1 3% 8% 8% Mont Ward A (7) 20s 1531 153% 153'2 133 33 338 2% 19 1 57 1 3% l 1% 14 6% 64 64 lflllld 114 114 87 88 % % 3 3% 374 57 kLY 3% 1% Nat Gypsum (A)- Nat Investors Nat Leather ._ Nat P& L of (6). Nat Rubber Mach Nat Sugar N J (2) Natl Transit(75¢) Nelson(H) (a2be) Neptune Met (A) N J Zine (12) Newmont Min (2) 84 N Y Tel pf (6%) 2551194 lth 119% N Y Transit (30¢) 1 54 5% bt N Y Water Svept 508 56 55 55 Niag Hud Pwr . 23 11 10% 10% Niagara Hudson Pwr (A) war .. 2 L 3 n * Niagara Shares (Md) B (al0c) Noma Elee (a40e) Northam L& P . North AmL&P pt Nor Am Util Sec.. Nor Cen Tex bi0e. North'n-Euro Ofl. Northwest Eng___ Novadel Ag (2) _ Ohio Edis pt (6).. Ohio Pwr pf (6) _ Okla Nat Gas Co 41 6 5 1 45 6008 484 1 4% 3 B4 J O 12 25 24 5 38% 38 38 258108 108 108 708112'% 1125 112% 1 10% 10% 10% 26 26 26% 7 T 7 14% 148 5% 5% 4 an 32 32 6% 6% 5% 5% 4 4's 5081065 106 54 B4 244 Oldetyme Distil _ Qutboard Mot (A) Overseas Sec a25e. " 14% 4 5% 2 % 32 6% 5% PacificG& B 1st pf (134) Pac Publie Sve. Pantepec O11 _ Pennroad (b20c) .. Penn P&L pf (6) .. Penn P&L pt (7). 208110 110 Penn W& P (4) . 1 921 92y Pepperell Mfg(3) 250s 68!, 68% Phoenix Secur 2 5% 5% Ple Bakeries(60c) 1 13% 13% Ploneer Gold Mine: Ltd (80¢c) 18 8% Pitney Bowes 8% Pittsb'gh Forging 2 94 Pitts& L E (1214) 180s 82 Pleas Val Wine _ 1 1% Potrero Sugar . 5 413 Powdrell&Al t1%. 1 35 Premier Gold 1120 64 2% Producers Roy 3 W Propper McCall'm 1 Prudential [nvest 9% Pub Sve Ind prpf - 40s 47% Pub UtSecprpf 758 34 Pug S P&L $5 pf 5100s 75% 75% Puget Sound Pwr & Lt $6 pf 1508 29% 294 Quaker Oats pf(6) 40s 146% 146"« Rainbow Lum (B) 3 W Y Raytheon Mfg ... | 6% 6% 508 19% 19% 7 9% 9 2 22% 2 16 13 5% 2 1% 21 15% 4 69y 2 17w 2 5% 4% 10613 110 924 6815 574 13% Reed Roller Bit new (180¢) Reliable Stores__ ReybarnCo . .. Richfield Oil of Calif pf (d4) Root Pet'm(a25c) . Royal Typewriter Russek 5th Av(1). Rustiess It & Stl. St Anthony Gold_. 10 % St Regis Paper.__ 20 4 St Regis Paper pf 408 64% Salt Creek P(20c) 1 % Segal Lock &H . 1 3 Selby Shoe (2)___ 1008 31 ected Indus. .. 1 Seton Leather 5 11 Shattuck Den Min 20 Shenandoahpf.._ 1 49% Sher Willlams(4) 2005138 2214 16" 54 1% Tia 49% 49 137 128 2008 113%113% 113% Sherwin-Will'ms of Canada_. Singer Mfg (16 Southn Calif E4 of (B) (1%).._. Southn Calif E4 of (C) (1%)___ 2 26% SouthnColoPwWA 1 3% Square D Co pf A (2.20)100s 82 Stand O11 Ky (V) 6 17Y Stand Oil O (a25 4 2! Stand S11&L (ale) 1 & Sterchi Bros 2d pf100s 12% Sterling Br(al0e) 8 6% Stetson (J B) 50s 18 Stroock & Co a75c 5008 29% Stutz Motor 3 2% Sunray Ofl . 128 4% Sunshine Min (2) 32 14% Swiss Of] (120e) .. 1 4% Talcott (J) 512% part pf (2%) _ 508 B1% Tampa Elec (2.24) 3 38 7 3% 7 5 - B0s 16% 16! 108341 341 2 28% 16% 341 28% 2613 3% 32 17% 27% L Tasteyeast(Del)A Tenn Products Texas Gulf Prod.. ‘Thermoid Co pf_.. 50s 54 Tob Prod Ex(10¢) 1 3% Todd Shipyard (2)200s 40}y Tonopah Mining 11 Trans-Lux Daylite Pio Sn (20¢) ... 4 Tri-ContiCwar.. 7 3% Tubize Chatl (A). 1 29 Tung-Sol Lampn. 1 9% Tung-Sol Lamp f new (80c) 2 13% Twin Coaeh (a10c! 8 13% Ulen &Co5% pf_. 2 7 Union Gas of 2 12 1% 1% Unit Gas Corp. sw. Unit Gas C wa Unit Gas Corp pf_ Unit Lt & Pw (A) Unit Lt & Pw pf U 8 Foll(B)(60c US & Intl Secur... U S Radiator pf... Unit Shoe M 235 Unit Verde Bx(1). ‘Init Wall Paper_ Util Pwr & Lt . Util Pwr & Lt pf.. 50! Utility Equities . 1 Utility Eq pf(3%) 50s Otility & Induspf 1 Venezuela Petrol 2 2 l 16 3 1 258 508 4 4 2% 25 88 Voght Mfg Co (1). Walker Mining.... Wayne Pump. Westn Alr Ex(n) . Westn Cart pf (6) 25- 101% ll)l‘i 101* Wright Harg t40e 26 Yukon Gold ... 1 2“ IK ’K quiiam rate In e in Jollacs basd on tast nu rl lus extra. H Bt TG & Mlnl reorganized. m “. rtial distribution ividend. - Eastman Kodak Co.—This company on July 1 will pay a wage dividend amounting to $1,136,000, doubling the amount disbursed in 1! & |ume for the country, as a whole, to | capacity as a result of a substantial | By the Associated Press. 10 SEASONAL LAG Bonus Spending Helps Major Lines Hold Levels of Previous Week. Mv the Associated Press. NEW YORK, June 26.—Aided by the stimulus of bonus spending, beth production and distribution tn major lines of business resisted the usual seasonal influences this week and showed little recession of consequence from the previous week. Dup & Brad- street reported today. More generous Fall commitments contributed to the expansion of whole- sale volume, offsetting the light re- orders for Sum.mer goods, while the pace of most heavy industries was maintained or excesded, the agency reported in its weekly 1eview of busi- ness. In the consumer divisions a more definite uptrend was .vident. Electric output, bituminous coal production, steel ingot production and crude ofl output were among the basic lines making a good show of stability, while freight car loadings advanced enough over the previous week to come close to the year's top level the review stated. 3ank clearings were moderately 'ower, Lut the margin over a year ago widen>d. Retail Sales Broaden. Retail distribution broadened despite adverse weather and drought in some sections. With the exception of some lines of women's wear, practically all items shared in the improvement, the report showed. “Spending of the bonus money,” the agency stated, “provided an im- petus to the sales of men's clothing, automobiles, radios and electric re- frigerators, but the bulk of the in- crease was concentrated in regular seasonal lines. Beach apparel and other vacation needs were especially in demand. “The improvement in consumer buy- ing in districts unaffected by the rain and cold was sufficient to lift the total of retail sales 2 to 5 per cent for the week, widening the estimated vol- 12 to 16 per cent over 1935.” Percentage Gains Shown. Percentage gains in geographical divistons follow: per cent for the week and 15 to 18 per cent over 1935; Northwest, 12 to 15 per cent over last year; States, 12 to 15 per cent over a year ago, and Southwestern States, 12 to\ 20 per cent over 1935. The gain in | Pacific Coast States was 12 to 15 per cent. ‘The agency reported industrial activity continued at an even, high level, showing no appreciable change from the previous week, which was at variance with the seasonal trend. Operations for July in cotton muls\ may exceed 95 per cent of single-shift | volume of unfilled orders, the report said, e DEMAND SLACKENS ON WOOL MARKETSJR Failure of Manufacturers to Get Higher Goods Prices Re- flects on Trade. Middle West, 8 to 10 | &, & £, 765,°k | Col w. D. C, FRIDAY, JUNE 26, 1936 FINANCIAL How the Price of American Smelting and Refining Stock Has Fluctuated in the Last Four Years Prices of American Smelting & Refining Stock 19331936 Earnings amounted to. $0.77 per share in 1933. Stock sold between 13.96 and 69.48 times earnings Illlllllllll Earnings amounted to. Earnings amounted to $1.63 per share in 1934. Stock sold between 18.56 and 31.44 fimes $5.01 per share in | earnings earnings ‘.I.n l‘l.l IIIFuLJIUIIII [) | JFMAMJ JASOND 1933 Washington Exchange SALES. Potomac Electric 512 % pfd.—10 at 114, 10 at 114, 10 at 114, 10 at 114, 10 at 114. Washington Rwy. & Electric pfd.—10 at 11015, 10 at 11012, 10 at 110’3, 10 at 11013, 10 at 110%2, 10 at 10!z, 10 at 1101, 10 at 110';, 5 at 1101, 1 at 1101;. National Bank of Washington—10 at 125. AFTER CALL. Washington Gas 65 B—$1,000 at 100%. Capital Traction 55—$1,000 at 911, Capital Transit Co.—10 at 15's, 10 at | 15g, 10 at 15%, 10 at 15V Potomac Electric 6% pfd.—2 at 110 Mergenthaler Linotype—85 at 47, 50 at 47. Bid and Asked Prices. BONDS. Asked Ve Southern | {7 MISCELLANEOUS. Chevy Chase Club 5'.s_ Country Club 5125 M. Cold Btorage 5s.. STOCKS. PUBLIC UTILITY. !ANK AND TRUST COMPANY. Amer. Sec. & Tr. Co. (10). Wash. Loan & Tr. (8)_ FIRE msmmx American ($12) _ Iy National Union ( TITLE DUSURANC!' Columbia (.30) BOSTON, June 26.—The Commer- | Sam cial Bulletin will say tomorrow: “The demand for wool has slack- | ened both in the West and in the | See East. Manufacturers evidently have | & found it impossible to get any further | advance in the price of goods and this fact has reacted upon wool, which | has become relatively dear. “Dealers in the West have become less eager for wool, now that they have commenced to accumulate tocks which can't be sold profitably nd they are bidding less for wool. “Prices here are barely firm, al-| though not quotably lower. Foreign | markets are easier again and forward sales of tops in Bradford are below the current spot level. “Mohair is steady on moderate de- mand.” CHICAGO PRODUCE. CHICAGO, June 26 (7.—Butter, 14.641: steady; prices unchange g 19,514 easy: extra firsts. local. 203 1) fresh graded firsts. local 20% r) n:-ll "colored. 10'2: young geese. 2 rotlnols. 145: on track. 250¢ total U about stead: !“DB“ — " dgmand ‘scod: Sucked. i, Thiumph ; Ak Biiss "° 1 '80'9«%015 '"if;nn cnoun:L. o Kansas. California, 0a60: fair nd | te. L‘m’ and < wnfllc jon. e ln X3 lnnhcy 2. U. S. TREASURY POSITION. By the Associated Press. o ury June 24: The position, ‘"u"‘: '.F:" e’; it & X O et eints fof the month, M scal year (since -'lfl, “ o 8BS Dot Tenaitures, 38 ng B includin Ml ‘f'.:.:s..gcy i Of lxfllnfllllll'!l ecrease of o S Drgvlnul aay. r, $3,776.58 T s’fl}’fus FOREIGN EXCHANGES. NEW YORK. June 26 (P.—Forelsn ex. ne t 1 1n: Hongkons. g -" YOPL 75v o ree . Y0025 nNominal. PHILADELPHIA PRODUCE. B SERET S e A nmam rlrmns (.—Crude rubber %‘3’3‘& ‘_xi....."‘ ‘.;".'"Ic‘h? .o o0 Monotype (: Moremnuier Uotspe (1) Peoples Drug 8. com. (1.00)_ Peoples Drus §,_pfd Phta. uflty Blc!l‘e “(5) Ref. & Wh. Co! (3 Wdwa- & Loth. com. (+1.50)-_*3 Wdwd. & Loth. pfd. (7)--..*120 “Exdividend. 1Blus exirae. LR per cent extra. §50c paid Mly 15. 19386, a—4 per cent extra. SPICER NET CLIMBS. NEW YORK, June 26 (#).—Spicer Manufacturing Corp. reported for the quarter ended March 31, net profit of $306,780 after all charges but before Federal taxes, compared with $134,946 before Federal taxes in the March 1935 quarter. PRODUCTION TO JUMP. NEW YORK, June 26 (#).—Samson Tire & Rubber Corp., a subsidiary of United States Rubber Co. plans to increase production of its Los Angeles plant to 7,000 units daily from 5,000. This announcement appears as & matter of record |Weekly Total of 690,716 Is | 3 | Saturday totaled 690,716 cars. | FREIGHT LOADINGS RISE 3304 CARS 21.8 Per Cent Ahead of Last Year. NEW_YORK. June 26 —The Asso- ciated Press seasonally adjusted week- Iy index of freight tarloadm: based on 1920-30 as 100. advanced today to 71.5. compared with 71.3 the pre- vious week. and 58.8 a year previously. The range of recent years 1935, 193 High SLow by the Associated P:ess. The Association of American Rail- | roads reported today loadings of rev- Stock sold between 631 and 12.90 times 935. amounted to SIO.DZ or share. Stock sold etween 6.19 and 13.00 times earnings \ 1 0 DJFMAMJJASOND 1936 4’% Rubber Stocks Lag As Hopes for Tire Price Rise Fade Av the Associated Press. NEW YORK, June 26.—Recent stocks has caused analysts to take an- other look at this industry. One of the reasons given for the chances of a tire price boost by July 4, deemed possible a couple of months | ago, are now being questioned by some financial observers. next month most of the tire manufac- | turers might decide that it is the better | | part of valor to try to maintain the | | | increases whicn were maugurated Mny Smrnl | 4 last. If business comes through satisfac- torily at current prices, it is thought | enue freight for the week ending last This was an increase of 3,904 cars, % lor 0.6 per cent, compared with the ! | preceding weck: an increase of 123 667 | cars, or 21.8 per cent, vompared with a year ago, and an increase of 67,394, or 10.8 per cent, compared with two | 3| years ago. The week’s loadings of various classi- fications, giving camparisons with pre- ceeding week and corresponding week | a year ago, fouou Misc_ freigh l..mmunnnw 1 O T n | & &run “prod. | Western dict | Live “stock | Western di:t | Porest prod. Ore _ SHORT- TEBM SECURITIES (Revorted by Chas D Barnsy & Co) Offer. Amer. Beet Sugar 65 1040 - w» 04 Tel 13 & Western Union Tel. ; U. S. TREASURY NOTES. (Reported by Chas. D._Barney & Co ) Maturity Bid offer dng of these securities for sale, or as an offer to buy, or 5 offering is made ouly by the prospectus, dated June 25, l!l‘. copy of whickh will be fursished upos reguest, likely that a moderate advance in the present scale might be practicable later i in the season. Weather conditions were said to have affected buying volume adversely lately, | and the manufacturers are hoping for |a few bright and sunny week ends to | sections reacted a bring out replacement demand from | motoriste, . MONTREAL SILVER. MONTREAL. June 26 (#.—S8ilver fu- tures opened steady, 2 to 10 lower. July. 44.65. September, 44.78b; 44 %0b. b—Bid. ““Pay to the order of backwardness of some of the rubber | hesitancy of leading issues was that | It was felt that instedd of a raise | December. CONSOLIDATED OIL PLANS LARGE ISSUE $50,000,000 of New 15- Year Debentures to Be Put on Market Next Week. By the Associated Press. NEW YORK, June 26.—Consolidated Oil Corp. revealed today plans for sale of $50,000,000 of new 15-year deben- tures 318, The offering will be made next week, probably Tuesday, by a banking syn- dicate headed by Kuhn, Loeb & Co, Proceeds from sale of the new deben= tures will be used to retire outstanding bank loans of $40,000,000, incurred in the redemption of roughly $45,600,000 7s and 6% a year ago, and the balance to reimburse the Treasury for its cone tribution to the redemption costs. The debentures will be convertible mto common stock at $25 a share for the fast five years, at $30 a share for the next five and at $35 a share in the last five years. This would be at the rate of 40 shares of common for each $1,000 of bonds in the first five-year period, 30.3 shares in the second and 20.8 shares in the third. The company recently placed its common stock on a regular quarterly dividend basis and announced that ex- tra distributions would be made when earnings justified them. Dividends =0 far declared this year totaled $5,600,~ 000, while earnings for the first five months amounted to roundly $6,200,000 | and should exceed $7,000,000 for the nrz; half, sources close to the company sald. NEW YORK PRODUCE. YORK. June 26 @ —Butter, casier. Creamery. higher than ex- 318313, extra (92 score). 301284 "(RR-g1 scores). 2913a30%: secon scores). 283207 Centralizeq (90 score). 30%. 234.223, quiet. Prices |~ Chet changed. 102, irregular. Mixed colors: ks or selections from fresh re- | eeipes, 6%;, standards and commers cial sf AT mediums. 40 bounde, 21 dirties, No. ;- 42 pounds. 21; average checks. 1Rizal9 RLive pouitry firm eight: Broilers (Rocks). fowls, other freight orices. uncmn;eu une 20 | FOREIGN MARKETS. | LONDON. June 28 P.—The stock mar- ket closed steady. but price movements w. | irregular and t: very small 8o ro! aking sales ene tered the market “2specially the industrials, ith silk and tobacco shares the weakest sues. however, held steady along foreign bonds. gili-edged securities and trans-Atlantic. shares. 'aris—French issues moved higher as rrrsult of the lowering of the discount rate. Government bonds were firm and rentes Osed 60 10 70 centimes higher. | Internas al shares were hesitant due to the heaviness in the dollar and pound sterling, ‘The market closed irregular. ... Magic words, they are, ia the realm of modern business. They make it possible for you to write a check anytime at store, home or office; to send it anywhere, safely and conveniently; to obtain cash when you want it; to get a legal receipt when it is returned, together with an ac- curate statement of your bank account. We invite you to use our checking ac. count facilities, McLachlen Banking Corporation Since 1891 TENTH AND G STREETS, N. W. S. W. Branch, 310 14th Street, S. W. Amber Federal Depasit Insurance Corporation $15,000,000 Potomac Electric Power Company First Mortgage Bonds 3%% Series due 1966 Price plus accrued interest from Jul Y. E. BOOKER 104% ly 1, 1936, to date of delivery & COMPANY Investment Bankers Metropolitan 1 ly and Is under wo clrcumstances to Be construed as an offere ion of an offer to buy, any of such securi The 304