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A-12 CURB ISSUES FAIL TO RETAIN ADVANCE Market Sells Off After Early Rally—Trading In creases. BY JOHN A. CRONE. Special Dispatch to The Star. NEW YORK. June 25.—Belling con tinued on the curb market today at a steady pace as volume of trading in creased. Although virtually all sec tions of the list declined, utilities, in vestment trusts, trading corporations, store shares and miscellaneous indus trials registered the widest losses. Among standard stocks Electric Bond & Share got below its previous close. This was true also of United Light & Power A, Niagara Hudson Power. Cjties Service and Standard Oil of Indiana. The widest individual break took place In Glen Alden Coal, which In the last hour was down 21 Vi points. Increased trading, big blocks of lead ing stocks and wide breaks in hereto fore firm issues featured forenoon trading. Sales of 405.100 shares during this period compared with 275.800 in the same period Tuesday. The large openings included 12.100 shares of Elec tric Bond & Share at 71 3 S , off 3 4. and 12.000 shares of Cities Service at 2618, down %. Glen Alden was a feature during the forenoon, as it broke 18 points to a record low for the year. This stock for the past month had remained around 96, at w hich level it was said to be supported by one of the large local banks. It w r as attacked by the bears repeatedly, but until today Glen Alden refused to decline. The 18-point drop Was accomplished on six transactions. Rails make up no important part of the curb list, yet the few' on this ex change have moved down with the same speed as those on the big board. Pitts burgh & Lake Erie, which should bene fit from any improvement in the steel Industry, hit a new low. Newmont Mining rapidly declined 3 points to a new low for the year. Hud son Bay and Shattuck Denn equaled their previous lows, and Noranda re mained soft. BONDS ON THE CURB MARKET. Bales in DOMESTIC BONDS, thousands. High. Low. Close. 5 Alabama Pow 5s '6B 101 J * 101 s - 1014 36 Alabama Pw 4‘*s '67 96‘a »6‘« 96'* 7 Aluminum Co 5s 52.. 1024 1024 1024 16 Aluminum Ltd 5s '4B 98 s 984 984 23 Am Cmwlh Pw 6s '4O 98 98 98 27 Amer G&E 5s '2B 984 98 984 1 Amer G&Pow 6s '49. 914 91’,a 91'2 13 Amer P&L 6s 2016... 107 V. 107 107 V. 14 Appalach Pow 5s 56 1004 100 100 4 Appalach Gas 6s '45. 107 1044 10*4 76 Appalac Gas 6s B 45 99 96 98 6 Arfcans P&L 5s '56.. 984 98 98 45 Asso Electric 44s 53 85 4 82 82 lAs G&E 44s '4B xw. 79 79 79 5As G&E 44s '4B ww 98 97 97 10 Asso G&E 44s C '49 . 73 4 734 734 33 Asso Gas&El 5s '6B . 834 82 834 5 Asso Gas&El 5V4s '3B 804 804 804 2 Asso G&E sVis '77... 99 92 92 2 As Sim Hdw 64s '33 86 86 86 11 As Tel Util 54s '44 C 95 944 944 2 Bell Tel Can 5s A 55 1024 1024 1024 5 Bell Tel Can 5s B '57 102 4 102 4 1024 5 Berlin City El 6s '55 904 904 904 4Bost &Me 2d 5s '55 . 99 98 4 98 4 lßost & Me 6s m '33. 1024 1024 1024 • Brisbane City 6s 'SO 904 904 904 5 Buff Gen El 5s A '56. 1024 1024 1024 18 Carolina P&L 5s '56. 1014 1014 1024 2 Caterpil Tr 5s '3B wi. 102 1014 1014 14 Cent St Elec 54s '54 77 4 75 4 75 4 % 2 Cent Stat Elec 5s '4B 744 74 4 744 SCent St P&L 54s '53 87 4 87 87 23 Chic Ry cod 5s 2027 784 78 784 44C Cities Service 5s 'SO 100V* 100 100 4 2 Cities Service 5s '66 . 834 83 4 834 15 Clt Serv Gas 54s '42 864 864 864 8 Cit Serv Pow 54s '52 864 864 864 3 Comwh Ed 44s D '57 974 974 974 85 Consum Pow 44s 'SB 984 98V* 98V* lOCont G & E 5s A 58 804 89 89 35 Continen Oil 54s '37 954 954 954 • 4 Crown Zeller 8s '40.. 97 964 97 9 Crucible Steel 5s '4O 994 884 88 5 Cudahy Pk* 54s '37 97 4 97 4 974 3 Del. El Pow 54s '59 94 934 94 3 Det C Gas 5s B 'SO. 1014 1014 1014 1 Det C Gas 6s A '47. 1064 1064 1064 1 Det Int Brdg 64s ’52 65 65 65 1 Det Inter Brdg 7s ’52 524 524 524 5 Dix GG 64s A’37 ww 914 914 914 8 El Pa NG 64s '43 ww 100 100 100 10 Elec P&L S(L A 2030 90 89 4 89 4 13 Empire O&R 9Hs '42 854 854, 854 ' 5 Federal Wat 54s '54 93 92 4 92 4 5 Firestone C M 5s '4B 884 884 884 1 Firestone Tire 5s '42 904 904 904 ! 1 Fisk Rubber 54s '3l. 37 37 37 5 Fiorida P & L 5s '54. 87 87 87 7 Gatineau Pow 5s '56. 944 94*/s 944 1 Gen Bronze 6s '40.: 96 96 96 5 Gen Vend 6s *37 ww 20 20 20 32 G-orgta Power 5s '67 1004 1004 1004 5 Glidden 54s '35 994 994 994 3 Gulf Oil Pa 5s '37... 1014 101V* 1014 10 Gulf Oil Pa 5s '47... 1014 1014 1014 3 Gulf St Util 5s A '56 99 98V. 98V* 7 Hood Rubber 64s '36 80 4 80 80 1 Hous GG 64s '43 ww 904 904 904 • Houst Gulf G 6s A '43 91 90 90 4 Hygrade Fd 8s A '49 60 4 60 60 1 Illin P&L 54s B '54 1014 1014 1014 1 Independt OiT 6s '39 101V* 101'* 1014 13 Indnap P&L 5s A '57 100 99Va 994 65 Inland Util 6s '34... 103V* 103 103 49 Instill utilit 6s B'4o 994 994 994 1 Inter Pw Sec.7s E '57 98 4 98 4 984 5 Intern Sec Am 5s '47 804 80 80 3 Intercom Pow 6s '4B 89 89 89 • Intersta Power 5s '57 88 88 88 3 Intersta Power 6s '52 87 87 87 5 lowa-Neb L&P 5s '57 95V* 95 95V, 7 Koppers G & C 5s '47 98 98 98 7 Kopper G&C 54s 'SO 1024 1024 1024 6 Lehigh P S 6s A 2026 1044 1044 1044 7 Lone Star Gas 5s 42 974 97 97 3La P & L 5s 57 964 964 964 2 Manitob P 54s A 'sl 99V* 994 994 5 Mass Gas 5s '55 .... 98 98 98 3 Mass Gas 54s '46... 1024 1024 1024 30 Memphis N G 6s 43 112V* 112 112 8 Minn P&L 44s '7B 93 92 4 92 4 10 Miss Riv PI 6s '44 ww 93 4 93 4 93 4 2 Miss River Fuel xw.. 1004 100 s * 1004 36 Mo Pac R R 5s 'BO wi 1084 1064 107 29 Narragansett 5s 57.. 1014 1014 1014 14 Nat P & L 5s B 914 91 91 35 Nat P S 5s '7B 75 4 75 75 5 New Eng G&E 5s '47 91 91 91 3 New Eng G&E 5s '4B 91 91 91 11 N Y Fln 54s '4B ww 86 86 86 7N Y P & L 44s '67 944 94 4 944 16Niag Shares 54s 'SO 1014 1014 1014 2 Nor Ind PS5s C '66 102 1014 101 Vi 4 Nor Ind PBss D '66 102 1014 1014 2 Northw Power 6s '6O 89 88 4 89 IJOhlo Pow 44s D '56 944 944 944 2 Ohio Pow 5s B '52. . . 1024 1024 1024 1 Oswego Falls 6s '41.. 80 80 80 2 Pac G&E 4Vis E 57 96 4 96 4 964 I 6 Pac W O 64s 43 ww 93 4 93 93 4 1 Penn Doc & W 6s '49 96 96 96 13 Penn OEd 54s B '59 994 99V* 99V, 3 Penn OEd 6s 'SO xw 102 102 102 2 Phlla Elec 64a '47.. 108 108 108 1 Phila Elec 54s '72.. 105 4 1054 105 4 1 Pilts Steel 6s '4B 1024 1024 1024 3 Poor &Co 6s '39.. 105 105 105 30 Roch Cen Pow 5s '53 75V* 75 75 11 St L Gas & C 6s '47. 63 61 61 20 San Ant P S 5s B 58 97 97 97 5 Scripps 54s '43. 93 4 92 93 4 2 Shaw W&P 44s A 'B7 95 95 95 1 Shaw W&P 44s B '67 94 4 944 944 5 Shaw’g 5s C '7O 102 4 102V* 102'/* 1 Shawsheen 7s '3l 101 101 101 1 Sheffield Stl 54s '4B 100 100 100 • Snider Pack 6s 32.. 63V, 63V* 634 2SE P&L A 2025 xw 105 105 105 2 South Calif Ed 5s 'sl 1024 1024 1024 50 South Calif Ed 5s '52 103 4 103 4 1034 1 South Cal Gas 5« '37 934 934 934 16 Southern N G 6s '44 914 91 914 2 Southw G&E 5s A '57 94 4 94 4 94 4 7 So'thw P&L 6s A 2022 1054 1054 1054 5 Standard Inv 5s '37. 844 844 844 I Stand Inv 54s '39 894 894 894 10 Standard P &L 6s '57 . 984 98 4 98 4 15 Stutz Mot 74s '37.. 30 20 20 3 Swift Co 5s 32 1004 1004 1004 34 Texas Gas Ut 6s 45 96 4 94 94 25 Texas P & L 5s '56 . 99 4 99 4 99 4 11 Tri Util 5s ’79 81 4 81 81 1 Ulen & Co 6s ’44 . 914 914 914 4 Uni Lt & Ry 6s A '52 1014 1014 1014 JP S Rub 6Vis '3l 100 100 100 1U 8 Rub 64s '32 97 97' 97 fy. S Rub 64s '35 ... 96 4 96 4 96 4 S Rub 64s '37 94 94 94 10 U S Rub 64s '4O ... 94 94 94 , UValspar 6s '4O . 96 94>/a 944 4« Van Swerlngen 6s *35 97 97 97 35 Wabash 5s D 'BO 994 995. 994 2 Waldorf-Astor 7* 54 914 914 914 6 Wash W & Pow 5s 60 1024 1024 1024 *2 Webster Mill 6Vis '33 97V* 97V* 974 6 Wes Penn 5s 2030 wi 89 4 88 89 4 14 Wes Tex Ut 5s A '75 92 91 4 92 FOREIGN BONDS. 9 Buenos Aires 6V2* '6l 89 89 89 10 Cent Bk Co 6s B 'sl. 82 4 82 82 18 Chile Mtg Bk 6s '3l 100 V, 994 1004 7 Com Pr Bk sVis '37 89 884 89 •5 Cuban Repub 5s '45.. 94V* 944 944 1 Danish Con* Sa '53 . 94 94 94 2 Danish Con 54s 55 1004 1004 1004 1 Den MU B 5* ,’72 ix 984 98S 984 8 Ere ME 64s A 53 ww 82 82 82 11 Europ El Cp 6Vis '65 87 86 86 lEurop Mta 7s C '67 88V* 884 884 13 Gelsenkirchen 6s '34 . 96 4 96V* 964 15 Ger Cons Mun 6s '47 83 4 82 4 824 35 Ger Con Mun 7s '47 97 96 V, 964 1 Hanover City 7s '39. 97'i 97 4 97> • 2 Helsingfors 64s '6O 914 91 91 5 Isarco Hyd El 7s '52 904 904 904 9 Ital Sup Pow 6s '63 704 704 704 1 Lima C Peru 64s 'SB 82 82 82 1 Medellin Col 7s ’51.. 89 89 89 3 Mendoza Pr 74s 'sl 91 904 904 1 Nippon El P 64s '53 904 904 904 26 Prussia F S 6s '52. 864 854 854 24 Prussia F S 64s 'sl 95 94V* 944 1 Rio de Jan 6Vis '59. 74 74 74 4 Ruhr O Co 6'4 8 A 53 85 4 844 844 4 Ruhr Hous 64s 'SB . 87 4 87 87 5 Santa Fe Arg 7s '45. 86V* 664 86V* 2 Sydney NSW 54s 55 88 88 88 20 Terni 80c 64s A '62 854 854 854 1 Tletz <L> 74s '46 xw 994 99 99 1 United El Ser 7s ’56 99 99 99 8 Unit El Ser 7s ’56 xw 95 94 4 94 4 FINANCIAL. l[ NEW YORK CURB MARKET SStyara: [ Notice—All stock* are eoM In one hundred-share lota excepting those designated by the letter a (655) (265) ■ which show* those stocks to be sold In odd lota only. —Frey.l936. stock and Sales— High. Low. Dividend Rat*. Add 00. Open. High. Low. close. 234 10 Aero Underwriter*.. 3 11 11 n ll 34 19 Agfa Ansco 1 234 234 234 284 334 174 Ainsworth <l2 4)... 3 16 164 16 164 1324 112 Ala Great Sou (t7).. 26a 1024 1024 1024 1024 94 4 Alleghany Gas 3 44 44 44 44 154 84 Allied Mills (60c)... 2 9 94 9 94 •56 210 Aluminum Co of Am 5 226 236 226 285 994 994 Aluminum Co cu pf n 1 994 * 994 99 4 994 84 84 Am British & Cont.. 1 4 4 4 4 134 7 Am Capital pf (8)... 2 8 84 8 84 904 68 Am Cigar Co 200* 684 68 4 67 67 49 854 Am Cit P&L(A)(a3) 4 354 364 854 854 284 124 Am C P&L(B)(10%) 23 164 164 15 16 284 214 Am Com T(A) blo%. 28 224 224 214 22 604 344 Am Cwltb P(B)10% 6 >94 40 89 40 64 -k Am Co'wlth Pwr war 268 4 4 k k 4 4 Am Control Oil Fids. 110 4 4 4 4 87 174 Am Cynam B (1.60). 63 184 184 174 184 6 3 Am Dept Store* 1 34 34 34. 34 764 384 Am For Pwr<war).., 12 404 41 40 41 157 101 Am Gas & Elec <tl). 14 1064 109 106 105 1094 1054 Am Gas&Elec pf<6). 3 1064 1064 1064 1064 74 24 Am Invest 4 war).... 4 3V* 34 84 34 164 74 Ain Invest. Ino iB).. 21 74 74 74 74 75 60 Am La'und Machrf*).. 4 534 574 63V* 554 894 624 Am Lt&Trac (2 4).. 2 654 154 581*. 664 284 284 Am Ltg&Traction pf. 1 284 284 284 284 64V* 364 Am Machine & Fdry. 1 374 374 374 374 404 314 Am Maize Prod (2).. 1 31 31 31 31 44 14 Am M&ricabo 17 24 2% 24 24 194 74 Am Natural Gas 5 114 114 104 104 624 65 Am Salamandra (*).. 1 54 4 644 64 4 644 26 18 Am St Pub S A(1.60) 1 184 184 IS4 184 394 204 Am Superpwr t1)... 190 214 224 21 22 1014 944 Am Super let pf (6). 4 98 984 98 984 34 3 Am Thread pf(2sc).. 1 34 34 34 84 164 74 Am U&Gen B vtc 400 61 8 84 74 8 144 6 Anchor PF (bl 0%). 3 64 8 64 8 434 154 Anglo Chll Nitrate.. 3 274 29 4 274 294 144 84 Appalachian Gaa.... 14 94 94 94 94 234' 8 Arcturus Rad Tube. 1 8 8 8 ' 8 164 84 Arkansas Nat Gaa.., 11 94 10 94 10 164 84 Ark Nat Gas (A).. .. 40 94 94 94 94 34 4 Asso Dyeing & Ptg. .6 4 4 ts 8 54 Asso Elec ind (30c). 1 54 54 64 64 614 37 Asso Gas &Eiec 1 37 37 37 37 464 cO4 Asso G&E (A> t2.*o. 69 304 304 804 304 114 54 Asso G&E (A) db rt» 6 64 6 54 6 1474 97 Aaeo Gas&El ctfs<B) 70s 100 100 100 100 284 19 Asso Tel Util (b«%). 1 214 214 214 214 284 134 Atl Coast Fishd.4o) 1 11 ll n n 14 14 Atlantic Lobos Oil pf 3 14 14 14 14 26 164 Atlantic Secur Corp., 4 164 154 15 15 26 16 Atlas Plywood (2).„ 1 16 16 15 15 144 104 Atlas Util Corp 6 104 104 104 104 154 54 Auto Music A(t1.05), 8 6 4 6 4 6 4 64 IT 124 Aviation Credit..... 2 144 144 144 144 64 14 Bahia Corp pf 1 24 24 24 24 504 454 BancomitCorpil.6o). 2 454 464 464 454 1574 147 BallTelof Can (8).. 100a 147 147 147 147 154 64 Blue Ridge Corp.... 9 74 74 74 7H 444 334 Blue Ridge ev pf(al) 29 344 344 334 344 20 13 Bower Roller Bear.. 1 k 2 12 12 12 £54 854 Brasil Trac* Lt «2> 94 38 4 414 384 404 5 24 Brldgept Mach (25c) 1 4 4 4 4 64 24 Brit Ceianese rets... 1 24 24 24 24 26 4 244 Buff.N'&EPpf(l.6o). 2. 264 264~264 — 264 4 2 Burco. Ino (war).... 2 2 2 2 2 41 89 Burco, Inc, ov pf (3). 1 39 89 39 39 34 24 Burma Corp (t3lc)., 1 24 24 24 24 174 84 Butler Bros (30c)..• 3 84 84 84 84 34 14 Cable & Wire A rets. 12 14 14 14 14 s 2 ' 4 Cabte&Wlre (B) rets 4 4 4 4 4 94 84 Canada Marconi.... 62 44 44 44 44 24 4 Carib Syndicate..... 1 14 14 14 14 364 28 Cent Hud G&E n(80o 2 27 27 27 27 424 284 Cent P S (A> ta1.76) 14 30 80 29 294 394 19 Cent States Elec 3400 62 214 22 4 204 22 84 44 Centrifug Pip*i6oo). 11 64 64 64 64 84 24 Chain Stores Dev..- 9 44 44 44 44 32" it 224 Charls Corp (t 3) .... 6 25 25 25 26 26 174 Chat Ph AJ n-v(soc). 10 174 18 174 174 254 18 _ Chem Nat Asso n-v. 19 184 184 174 184 1844 1494 Chesbrough Mfg(ts) 1 1404 1404 1404 1404 44 4 244 Cities Servicettaoc) 390 264 264 254~"264 934 88 Cities Srvc pf (6)... 48 894 894 884 894 93 504 Clev El Ilium <1.60). 2 524 524 524 624 364 17 Clev Tractor (1.60).. 2 174 174 174 174 4 4 Colombia Syndicate.. 104444 84 34 Colon Oil 1 34 84 34 34 21 94 Col Oil & Gas vtc...» 5 94 94 84 9 554 24 Columbia Pic Ul4). 2 334 334 33 S 3 544 334 Colum Eic v.t.c. Jl4. 1 85 35 35 35 3354 234 Com'wlth Edison(S). 80s 281 281 280 280 64 34 Com‘wUb& Sou war. 296 34 34 34 34 194 114 Comm Wat Serv b 6% 1 114 114 114 114 274 15 Consol Aircraft..... 1 18 18 18 18 IV* V* Consol Auto March.. 10 4 4 4 4 84 34 Consol Copper 13 34 84 34 34 19 134 Cons Dairy Prod <2) 3 134 144 134 144 1864 90V* Con GaS. 8ait0(3.60) 11 1114 Hl4 no no 64 24 Consol Instrument.. 3 24 24 24 24 16 10 Consol Laundries.... 1 114 114 114 114 13 74 Con Retail Stra < 1).. 7 74 74 77 77 71 Conti Shares pf (6). .200s 77 78 70 78 57 28 Cooper Bessemer <2) V 454 464 454 464 174 6 Cord Corp 12 64 64 64 64 274 194 Corp Sec, Chi (b 6%). 4 194 204 194 204 204 94 Corroon & Reynolds. 3 10 10 10 10 744 83 Cosden Oil 15 33 35 82 33 74 54 Creole Petroleum. 6 54 64 64 54 4 4 Cresson Consol (8c). * k k k k 344 15 Crocker Wheeler.... 6 154 16 164 154 614 34 Cuneo Press (2 4)... 1 37 37 87 37 96 85 Cuneo Press pf (6 4) 2 90 90 90 90 44 14 Curtiss Wrlgbt war. 25 14 14 14 14 214 12 Darby Petrol (new).. 1 134 184 134 134 84 24 Dayton Air & Eng... 6 44 44 34 34 1624 854 Deere &Co (t 1.20).. 28 864 894 82 804 84 24 De Forest Radio.... 16 34 34 34 34 224 16 Deisel W Gilbert (IV$ 2 164 164 16 16 11 44 Derby Oil Refining. 1 04 €4 ti 4 34 60 30 Derby Oil & Ref pf.. 160 s 444 444 40 40 94 5 Detroit Aircraft.... 13 54 64 54 64 27 164 Detroit Gasket(l.2o) 1 17 17 17 17 23 10 Doehler Die Casting. 8 104 104 10 10 234 124 Douglas Air <76c)... 4 19 19 19 19 564 31 Dresser(Sß) A(34). 7 384 384 37 37 444 314 Dresser <S R) B (2).. 1 324 324 324 324 1084 41 Driver Harrls(naw). 1 624 624 624 624 134 & Dubtlier Cond & Rad 3 44 44 44 4y, 209 144 Dukt Power (25)... 850 s 1434 145 140 140 17 104 Duquesne Gaa (new). 10 104 104 10 104 7 24 Durant Motora 1 *4 24 24 24 21 6 Duval Tex Sul w.L.„ 2 64 64 64 64 42 254 Eastn G&P Asso... . 7 82 324 80 824 44 184 EastnSta Pwr B<l>. 12 26 264 244 26/ 434 384 Eastn Util Asso (3).. 3 394 394 394 594 174 •12 Eastn Util Asso ev.. 6 134 134 124 124 184 74 Eaatn Util Inv (A).. 6 9 94 9 94 23 94 Eisler Eelectrlc(lH) 10 94 94 94 94 91 92V* El Bond&Sh pf wl(6) 15 924 924 92 4 924 1174 70V* El Bond &Sb (bS).. 1286 714 75 4 704 754 1094 1034 El Bond &Sb pf <6)-. 2 1064 1064 1064 1064 394 19 Elec Pwr Asso <l).. 8_ 194 21 194 21 37 164 Elec Pwr Asso A (1) 8 19 194 184 194 784 284 JEle<( Pwr &L op war 7 40. 404 40 404 324 154 Elec ShareholdgUl) 8 184 184 18 18 164 12V* Empire Fire Ina 3 124 124 124 124 60 39 Ernp Pow prt (t 4.04) 5 39 «94 39 39 26 174 Emp Pub Sv A(1.80) 3 17 18 17 18 9 34 Euro Elec deb rts... 6 44 44 44 44 6 2 Evans Wallow Lead. 12 2 2 2 22 11 Ex-Cello Air&T(Boc) 5 104 104 104 104 94 2 Fabrics Flnlnahlng.. 13 44 44 44 44 68V* 48 Fajardo Sugar 10s 60 50 50 60 24 4 Fandango Corp 1 4 4 4 4 424 21 Federal Screw <3).. 19 204 204 20 20 694 60 Ferro Enam A(t44). 1 60 50 50 60 34 IV* Flat Stock deo rts... 10 14 14 1 1 344 134 Fokker Aircraft.... 20 18V* 184 174 184 94 5 Foltis Fischer Corp. 3 54 54 384 ’’S Ford Mot, Can Atl 4 6 284 294 284 29 124 64 Ford Mot. France 21c 6 104 104 104 104 194 104 Ford Mor.Ltd 37 4e. 25 144 144 144 144 74 24 Foundation For Shs. 1 3V* BV* 34 34 174 24 Fox Theater Cl (A). 44 84 84 84 84 44 24 General Baking..... 24 24 24 24 24 544 27 Gen Baking pf (3)... 3 28 28 274 274 69 43 Gen Capital Corp.... 2 404 404 40 40 14 104 Gen E. Ltd rcta(SOo) 18 114 ns, m* 294 20 Gen Empire Corp..l 20 20 20 % 20 374 294 Gen Fi’proof (t2V&)« 1 284 284 2«4 284 374 30 Gen Petroleum w.1... 6 204 304 20 80 304 20 Gen W W&BiA) (2). 5 28 284 28 284 36 21 Gleaner Harv, n <2).. 1 274 274 27 4 274 1214 88 Glen Alden Coal I. 29 98 98 784 71,4 164 10 Glob* Underwriters. 2 10!V 104 104 104 7 3 Golden Center 7 34 3V* 3 34 4 k Goldfield C0n501.... 10 4 y 71 464 18 Goldman Sach T C... 67 19 19 iai_ iril 6 14 Gold Seal Elec new.. 4 24 24 24 2* 41. 304 Graymur Corp 9 30 30 29 29* 260 1844 OrAIPTn-ili).. 10» 1804 1804 1804 1804 31 264 Gt Lakes D G (new). 2 274 274 274 °74 20 12 Greenfield Tap&Di*. 2 104 104 104 104 144 104 Groc Stores Prod vto 6 11 ji n u 16614 1174 Gulf Ollof Pa<l4>. 18 1194 120 1184 1194 85 184 Hazeltlne Corp <2).. 1 224 224 224 *>24 14 9 Hec,a Mining (1)... 6 914 914 9,4 7 5 Holllnger Gold <6oc) 1 54 g 5 tT k 21 15 Holt (H)&COC1.20). 1 16 16 15 ,5 314 27 Hormel (Geo) (2)... 8 27 27 27 27 46 36 Horn & Hard <24).. 2 36 36 364 354 274 13 Houston Oil of Texas 34 144 164 144 la. 144 7 Hudson Bay M & 8.. 44 7 g* 4 7 gu 119 78 Humble OH (2) 46 854 854 834 834 65 164 Hydro Elec Sec (2).. 24 364 36 j 354 364 16 84 Hygrade Food Prod. 6 94 94 g* t 9^' 30 184 Imp'Oil. Can. n(6os). *23 194 1914 19 19 474 284 Ind Terr lllu Oil (A) 1 284 ?«. o ß v 194 17 ind =etnctfsCblO%). 6 18 184 174 184 73 4 60 Indus Fin cv pf (7). 175a 64 64 63 6t 71 634 Instill Util lnv(t9%) 2 65 65 r 5 65 864 65 Ins Co. No Am (tS). g 65 (, gg g,.; , 23 164 Insurance Sect 1.40). 2 16 16 16 16 234 134 Intercoast Trad* <1) 1 144 U y € 14V4 14v ! 14 4 Intercontinent Pet n 1 % 74 154 214 Intercont Pow A <2). 2 214 214 214 inu t 84 44 Int Holdg&lnv 10c.. 2 44 44 44 4*. 24 174 Int! Petroleum <l).. 8t 174 18 174 174 74 24 Internet Products... 4 44 44 44 au 1 464 824 Inti Superpwr(Jl).., 5 32 33 31 sa 604 344 Int Utilities A (3V4). 2 434 48 4 414 484 , 19* 64 interna tl Util (8)... 7 134 144 134 184 THE EVENING STAR, WASHINGTON, I>. G. AV^i>.m.>m.AV. .1 < ~E 1 ,-Prev 1910.-. Stock and Sale*— , High Low Dividend Rata. Add 00. Open. Hlsb. Low. Cloea 44 4 Ilntl Utilities (war) 13 4 V, 4 4 10 74 Inti Util war (new).. 1 74 74 74 74 14H 84 Interstate Equities.. 9 84 84 84 84 - 46 884 Intarat Eo cv pf(B».. 1 384 384 384 384 i 104 64 Interstat H M (1.40). 2 74 74 74 74 i 27 12 Irving Air Chute (1). 5 134 134 134 134 , 18 84 Italian Superpwr A.. 6 9 9 9 9 i 1064 1004 JerCen P&Lt pf (7).. 60s 109 109 109 109 f, 44 274 Johnson Motor 1 26 26 26 26 204 9 Klein(H.)pt pf (1120) 2 10 10 10 10 t 12 34 Lakey Foundry 2 44 44 44 44 264 144 Lefcourt Real(tl.Bs> 5 15 15 13a. 14 ii 604 31 Lehigh Coal & N 1.40 5 314 314 304 804 44 14 Leonard 0i1......... 72 14 I** 14 14 i 804 174 Lily Tulip Cup 14... 6 204 204 20 20 29 184 LionOilßefln (2)...j *1 204 204 204 204 204 34 Loew*a. Ino (war)... 3 84 84 8 8 6C4 844 Lone Star Gae. n <1). 16 364 364 354 354 ■ 66 40 Long Isl Light (60c). 19 40 40 38 394 > 1124 1074 Long Isld Lt pf €7). . 1 1094 110 1094 110 k 6 24 Louisiana Lan A Ex. 6 24 24 24 24 k 244 16 MacMarr Store* (1). 1 164 164 164 164 4 4 Magdalena Synd.... 20 4 4 4 4 474 294 Marine Mid (1.20)... 21 294 30 294 30 34 1 Mavis Bottling 11 IV, 1 14 14 14 * 694 48 Mayflower Asso (12) 7 58 68 574 58 ' 73 654 Mead Johnson t 3.75.. 1 63 63 63 63 a 224 10H Memphis Nat Gas... 2 124 124 124 124 ' 834 26 MestaMach (t1.*0).. 1 254 26 254 26 < 164 84 Met & Min. lnc(l.2o> 6 134 134 IS 134 • 114 54 Mid Sta Pet v.t-e. A.. 7 6 5 44 44 6 24 Mid Sts Pet v.t.C. B.„ 2 24 24 24 24 1 294 24 Mid W Sts Ut (14).. 2 264 254 254 264 ■ 28 264 Mid Wst UUl(bB%). 22 264 274 264 274 1 64 14 Mid Wst Util A war. 2 24 24 24 24 • 8 84 Mid Wat Util B war. 1 4 4 4 4 244 164 Mid Roylty cv pf<2). 1 174 174 174 174 1 22 154 Mid Stl Prod, n (2).., 6 174 174 17 17 1 58 504 Midvale Co <4) 1 64 54 54 64 34 14 Min Corp of C (25e)„ 1 14 14 14 14 364 15 Mo Kan PL <blo%). 29 224 284 224 23 1 6 1 MlssKPLv.tc...,,, 4 14 14 14 14 24. 4 Montecatlni deb rts.. 2 4 4 4 4 124 8 Mount Pr0dt1.60)... 1 84 8 4 8 4 84 100 99 Mount St Pwr pf (7) 10a 99 99 99 99 124 74 Natl Amer Co 29 7H 74 74 74 214 84 Natl Aviation 5 10 10 94 94 334 10 Natl Banksvc (5)... 60s" 10 10 10 10 614 344 Natl Bond & S (26c). 2 334 334 334 334 20 12 Natl Fam Strati.6o). 1 124 124 124 124 26 18 Natl Fam Spf (2)... 1 184 184 184 184 414 254 Natl Fuel Gaa (1)..,i 8 31 31 304 304 30 11 Natl Investors 14 124 124 12 12 1034 1004 Natl Pwr&Lt pf (6)., 1 1014 1014 1014 1014 1114 1084 Natl Pwr & Lt pf (7) 1 1094 1094 1094 1094 264 214 Natl Pub StA( 1.60). 4 214 214 214 214 824 154 Natl Screen Svc(2).. 1 304 30V* 304 304 144 12 Nat Sh Trm SecA 150 5 14 14 14 14 764 60 Natl Steel x-war(B) n 2 534 534 53 53 224 164 Natl Transit (1)...., 10 17V* 174 174 174 104 34 Natl Union Radio... 4 44 44 4 4 49 304 Newberry(JJ)(l.lo). 1 31 31 31 31 34 24 New Brad OH (60c).. 3 24 24 24 24 100 904 New Eng Pwr (2) .... 70s 93 93 91 91 914 66 N JZino (724)....- 1 66 66 66 66 74 34 NewMexdt ArixLd.i 1 34 34 34 34 1414 854 Newmont Min (14).. 31 84 . 85 79 80Vj 42 24 Newport Co (2)....., 1 264 254 244 244 164 104 NY Pet Royalty I'll 11 ll u 18 8 NY Rio&Bu Aires... 2 84 84 84 84 244 154 Niag Hud Pwr(new). 125 164 164 154 16 64 44 Nlag Hud Pwr.A war 26 4V* 44 4 44 154 84 Niag Hud Pwr B war 6 94 94 9 9 214 12 Niag Shars Md(4oc), 1 134 184 134 134 464 264 Niles-Bem-P (t24)-. 3 264 27 26 4 27 214 104 Noma Elec (1.60).. M 2 104 lOVi 10V* 104 444 204 Noranda Mines (2).. 5 204 21 204 21 6 2 No Am Aviat A war. 7 24 24 2 24 104 64 North Am Util Sec... 2 54 64 64 64 1834 180 Nor Sta Pwr AtO... 8 1414 1414 1414 1414 44 24 Noth Euro Oil Corp.. 4 24 24 24 24 76 664 Ohio Brass B (6).... 25a 66V* 66V* 664 664 14 4 Ohio Coppsr 19 4 4 4 4 764 64 Ohio 011 (4) 28 64 644 624 624 108 103 Ohio Oil pf new (6).. 3 104 104 104 104 13 3T4 Outboard Motor (B). -2 64 64 54 54 144 114 Pac Comcl'Co (1.40). 2 114 114 11 Vi 114 274 27 Pacific Finance Corp. 1 244 244 244 244 284 264 PacG&El lstpf 14- 14 27 27 264 264 394 234 Pac Pub Svo (1.30).. 1 244 244 244 244 194 124 Pac Western Oil. ...• 23 144 144 14 14 24 1 Pandem 0i1......... 33 4 4 4 4 44 14 Pantepec Oil 4 2 24 2 24 134 44 Param’t Cab(bß%).. 6 44 44 4V* 44 32 19 Penn Mex Fuel (2).,. 6 174 18 17 18 164 104 Pennroad Corp (20c) 125 104 104 104 10V* 46 254 Peoples L&P. A a2.40 2 28 28 28 28 105 89 I’eppereU Mfg (*)... 20a 89 89 89 89 12 44 Perryman Elec 1 44 44 44 44 2 4 Philip Morris. 1n0... 7 V* V* ?* % 204 10 Pitney BP. n(2oc).. 5 114 114 114 114 130 111 Pitts & Lake Erie(s) 1150*1074 1074 106 106 274 204 Plymouth OH (2).... 14 244 26 244 26 154 »4 Prlnc# & Whltely 1.. 20 94 10 54 10 44 364 Prlnc* & Whit pf (I). 8 36V* 364 86 354 23 134 Prudential Invest... 15 134 134 124 124 274 154 Pub Util Hold w w.. 42 164 16V* 154 15Vs 94 6 Pub Util Hold war.. 4 4 4 4 4 91 87 Tuget Sound prior pf 60s 874 874 874 874 99 964 Pure Oil pf (6) 10s 96 4 964 96 4 964 10 74 Pyrene Mfg (80c)... 8 74 74 74 74 27 8 Radio Products 1.... 2 74 74 74 74 54 € Railroad Sh Cp(2sc). 1 64 64 64 54 904 65 Railway &Lt S(ts).. 25a 63 4 63 4 634 634 144 6 Rainbow Lu Prod A. 1 74 74 74 74 74 34 Rainbow Lu Prod B- ll 34 34 34 34 63 * 60 Raymond Con pf (3). 1 614 514 514 614 64 24 Reiter-Foster (40c).. 4 24 24 24 2T6 204 134 Reliable Strs(bo%). 3 134 134 124 124 16 8 Reliance Inti (A)... 1 8 8 8 8 34 24 Reliance Int Corp(B) 10 24 24 24 24 264 10 Reliance Manag 8 104 104 10 10 84 , 4 Reynolds Invast.... 2 4 4 4 4 294 194 Rocklans LtAP(92o) 5 214 214 21 21 114 64 Rossla Inti C0m.... 3 64 64 54 64 84 34 Ryan Consolidated.. 14 4 4 4 147 120 Safety Car H&L (8). 50s 1104 1104 1104 1104 34 184 St Regis Paper (I>.. 11l 194 214 19!* 204 1104 106 St Regis Pap pf (7). 200s 109 110 109 110 154 94' Salt Creek Prod (2).. 6 94 94 94 94 15 144 SaxetCo 4 144 15 144 15 144 64 Schulte Real Estate., 5 6 6 6 6 44 24 Schulte Un £c-)l St.. 1 3 3 24 2V4* 104 64 Seaboard Util (50c). 11 64 64 6V* 64 754 324 Sec Corp Gen new (4) 4 32 324 32 32 9 54 Seg Lock & H (60c)., 6 54 64 54 54 12H 6 Selected Industries., 32 6 4 64 54 54 844 64 Sel Ind allot cfs 64. 69 664 674 654 654 94 34 Sentry Safety Cont.. 8 34 44 34 44 94 5 Shattuck Den Min... 15 5 5 5 5 20 84 Snenandoah Corp.... 8 94 94 9V* 94 484 >3 Shenan Com pf «a3). 7 374 374 37V* 374 344 164 Silica Gel Ctf5...... 14 154 16 154 16 560 460 Singer Mfg (t 17).... 80s 461 461 456 456 25% 164 Sisto Finance Corp.. 23 194 20 194 194 250 137V* Smith (AO) (2).... 70* 195 195 189 1944 18 24 South Coast 3 24 24 24 24 454 35 South Penn Oil(t2 4) 8 374 874 37 37 274 244 So Cal Ed pf till 4). 6 264 264 264 264 254 224 So Cal Ed pf C (1%). 2 244 244 244 244 264 23 So Col Pwr (A) U).. 1 24 24 24 24 84 44 Southern C0rp.....* 8 64 64 5 5 204 13 So Pipe Line (T 2).... 1 164 164 164 164 17 9 Southland Roy (1).. 12 104 104 10 10 13 84 S W Dairy Products. 2 4 4 4 4 20V* 74 S W Gaa Utilities..,. 4 104 104 104 104 224 16 Stand Holding Corp., 3 164 17 164 17 824 704 Stand Inves pf (64). 60* 744 744 74 4 744 34 4 Standard Motors.... 17 14 14 14 14 594 474 Stand Oil. ind (24). 64 434 48V* 474 484 404 304 Stand Oil, KY(fl. 10) 26 314 314 304 314 1084 77 Stand Oil. Ohlo(24).200 a 82 834 82 834 804 554 Stand Pwr ALt (2).. 2 56 66 56 56 80 54 Stand Pwr&Lt B (2). 2 66 66 54 54 107 994 Std Pwr&Lt pf (7). 50a 104 104 104 104 374 14 StarrettCorp 4 194 194 184 19 234 44 Stein Cosmetics..... 21 64 7 64 7 224 94 Strauss Roth 2 134 14 134 14 52 484 Sullivan Mach (4).. ,120 546 46 45 45 10 54 Sunray OH (4UC).... 6 5 o 4 5 64 34V* 284 Swift &Co new (2).. 1 284 284 284 284 384 21 Swift lnternatl(24) 4 304 31 304 31 9 54 Syrao Wash M B (1). 1 64 64 64 64 98 544 Tampa Eltctrlo (22) 6 644 644 624 624 864 374 Technicolor. 1nc.... SI 374 374 344 354 74 44 Teck Hughes (60c).. 3 64 64 64 64 164 84 Texon OH & Ld(26c). 1 124 124 124 124 64 24 Thatcher Sec Corp.. 1 24 24 24 24 , 24 4 Tobacco Pr Exports. 2 14 14 14 14 63 444 Todd Shipyard (4).. 6 494 494 47 494 1 474 284 Transamer (21.60).. 99 29 294 284 294 , 104 64 Tran Con Air Tran.. 8 64 7 64 7 134 4V* Trans Lux DL P S.. 8 8 8 74 74 , 9 4 Trl-Cont Corp (war) 7 44 44 4V* 44 684 36 Trl Utillties( t 1.20).. 1 39 39 39 39 224 7 Tubsize Chatel (B).. 4 7 74 77 284 14 Tung-Sol Lamp (2). 4 15 154 144 164 1 364 22 Ungerlelrter F Corp.. 11 22 224 214 214 * 1 4 Union Tobacco 7 4 4 4 4 110 101 Unit Carbon pf (7).. 1 1004 1004 1004 1004 304 124 Unltad Corp (war).. 15 164 16 164 16 , 84 44 Unltt Dry Docks. ... 3 44 44 44 44 174 154 United Eelec Service 1 164 164 164 164 44 20 Utd Founders(b2.Ss) 828 20 20 174 184 284 12 United Gaa Co (new) 192 12 134 12 124 114 6 United Gas (wkr)... 12 54 6V* 5 54 99 914 United Gas pf (7)... 2 914 914 914 914 424 20 United Gas Corp etfk 3 194 21V* 194 214 66 274 Utd Lt & Pwr A11)... 170 364 374 344 36 1 4 Unit Ret Chem (A).* 1 k k ft k fitV* 60 Unit Shoe Mach 1 60 60 60 60 224 124 US Elec Pwr ww 67 124 124 114 124 64 44 U S Elec Pwr (war). 8 44 44 44 44 264 174 U S Foil (B) (1)...., 17 184 184 174 174 58 364 U S Gypsum (1.60)• 2 38 38 38 38 8 24 U S & Inti Secur.... 1 34 34 34 34 75 52 U S&lntl Sec Ist (6). 6 54 54 63 534 204 11 US Lines pf (1) 1 124 124 124 124 23 144 US & Overseas war.. 4 144 144 144 144 134 64 U S Shates Fin 1 64 64 64 64 , 164 9 Unit Verde Ext (2).. 2 94 94 94 94 . 34 14 Utah Apex (60c).... 1 14 14 14 14 . 28 144 Utility Pwr&Lt(al). 15 154 154 154 154 , 684 >8 Util PAL B Ctfs (Si) 10 404 414 404 414 1 234 124 Utility* Ind 11 124 124 124 114 294 21 Util A Ind pf (ltt)-.* 1 21 21 21 21 , 22 104 Utility Equities...*, M 114 114 114 114 1 Vacuum Oil (t4tt)»« 84 784 794 784 794 MANY I). S. FIRMS INCREASEGAPITAL Wall Street Not Surprised at Fifty-Million Share North American Issue. BY JOHN F. SINCLAIR. Special Dispatch to Th* Star. NEW YORK, June 25.—When Frank L. Dame, president of the North American Co., announced a common stock Increase from 10,000,000 to 60,000,- 000 shares, lt caused no surprise In the Street. While this 40-year-old public utility holding company has outstanding 6,000,- 000 shares at the present time, Its future expansion plans may be Judged by this enormous increase in the authorized capital. No company In America yet has 50.000,000 shares outstanding. General Motors leads the list with 43,500,000. Commonwealth & South ern, another public utility holding com pany, is second with 31,546,000 shares. General Electric Is third with 28,846,000 shares. Other large American corporations which have 20,000,000 shares or more outstanding are: Imperial Oil with 26,- 508,000 shares; Niagara Hudson Power Co., 25,595,000; Standard Oil Co. of New Jersey, 24,484,000 shares; Courtaulds, 24.000,000 shares; Cities Service, 22,- 271,000 shares; and United Gas Im provement, 20,528.000 shares. Companies in the 10,000,000 to 20- 000,000 share class are: Standard Oil Co. of New York with 17,364,000 shares; Standard Oil Co. of Indiana, 16,851,000 shares: Packard Motors. 15,000,000 shares; American Telephone «Ss Tele graph, 13,720,000 shares; International Nickel, 13,758,000 shares; Shell Union Oil, 13.062,000 shares; Middle West Util ities, 13,448,000 shares. Then follow Standard Oil Co. of Cali fornia with 12,846,000 shares; Standard Brands, 12,630,000 shares; Pennsylvania Railroad. 11.495.000 shares; Consoli dated Gas, 11,457,000 shares; Electric Bond & Share, 10,904,000 shares; Co lumbia Gas & Electric, 10,597,000 shares' du Pont, 10,464,000 shares, and Ameri can Radiator with 10,155,000 shares. This roll call of some of America’s largest institutions shows that public utilities and oils lead the field. So the Increase in stock of the North American Co., while exceptional, la not unusual. New York banks have over $1,000,- 000.000 In time deposits. The banks have been paying on the average of about 3 per cent for this money, or $30,000,000 a year. But six New York bankers, members of the New York Clearing House, met yesterday and decided to cut the rate on these time deposits from 3 to 2 per cent, beginning Thursday. The six men were William C. Potter of the Guaranty Trust, Charles R. Mitchell of the Na tional City, M. M. Bruckner of the New York Trust, Percy Johnson of the Chemical Bank, Henry C. Cochran of the Bankers' Trust and Jackson E. Rey nolds of the First National Bank. This decision cuts off $10,000,000 a year from the overhead charges of these banks, which in turn is largely offset by a decrease of about the same amount received from these banks in loans and investments due in return from lower interest rates. One hand about washes the other. Mutual savings banks have cut from 2V Z to 2 per cent on certificates of de posit, payable within 30 days from date of issue; on credit balances payable on demand within 30 days. Other banks, trust companies and private banks, excluding mutual sav ings banks, cut from 2 per cent to l'/i per cent on these shorter term items. Cheap money is having its effect al ready. Are the banks of the United States loaded up with frozen security loans? This question is often heard on the street and elsewhere. Editorials In financial journals have discussed it fre quently since the November break. But Dr. W. Randolph Burgess of the Federal Reserve Bank of New York says categorically that the banks in the New York district, at least, are not burdened with such frozen loans. Citing figures to support this contention, Dr. Burgess says that: "If we include in the tabulation these loans placed by other lenders, as well as the loans made by banks to brokers both in New York City and outside and directly to customers, the total of all the available figures on October 2 last year was $14,601,000,000. By the end of December, 1929, this total had been reduced to $10,737,000,000, or by $4,000,000,000, or 27 per cent. “The most recent figures—those for June 11—are $10,674,000,000, or about the same as at the end of December. In this period stock prices declined 28 per cent.” „ Dr. Burgess concludes. “The liquida tion of security credit has been vigorous and thorough.” This statement, coming from an of ficial of the largest Federal Reserve Bank, is very significant. The Government survey showing the 1929 international balance sheet of the United States revealed the fact that the gross United States tourist expen ditures for that year were estimated at $878,400,000. Foreign tourist expenditures in the United States—a nominal sum—must be subtracted from this sum to get the net. As a matter of fact, the*tourist figure for last year is larger than America’s favorable balance of trade. So Europe, if other factors did not enter, could have paid America’s export bill by this process. What of 1930? Probably the total gross expenditures of the United States will not quite reach the figure at tained last year, due to the business situation. But America’s favorable t ade balance, too, may be leas than last year. So the balance sheet may be as ' healthy” in 1930 as In 1929. The world economic stability fostered by tourist travel abroad is not often thought of as an essential element in American prosperity. But it has become a major factor in American business prosperity since the war. The first bright spot in the cloudy business sky—freight car loadings in the Pacific Coast and the Southwestern area—showed an increase for May over th corresponding month of last year, according to the American Railway As sociation. It is the first gain shown In any district for any month this year, with loadings in this Western area of 177,381 cars for the month—an Increase of 9.700 cars over May of last year. The increase comes largely from grain and grain products, gravel, rock and sand and perishables. But the ‘big’ item is the breaking of last year's record In one section of the country for the first time this year. (Copyright, 19S0. by North American Newi paper Alliance.) — A ■ METAL MARKET. NEW YORK, June 25 Copper quiet; electrolytic, spot and future, 12. Iron quiet, unchanged. Tin steady; spot and nearby, 31.10; future, 31.35. Lead quiet; spot. New York, 5.25; East St. Louis, 5.15. Zinc easy; East St. Louis, spot and future, 4.25a4.30. Antimony. 7.10. *-Pree 1930.—. Stock tna Sales— Hleh. Low Dividend Rate Add 00. Open. Hleh Low. Close. 4Vs 214 Venezuela Petrolm.. 4 214 214 2 2 14 8«4 Waitt&Bond.Bt 1.29) 1 714 I'm 714 714 134 4 BVh Walker (HMD » B*4 ga, 8* ga t 61 30 Walgreen Co 1 33 33 33 33 414 I*4 Walker Min <7We>.. 1 114 114 1»4 134 6 144 Watson <J W) C 0... 12 2 2 2 19 814 Wayne Pump 6 12V4 1214 12 12 14 14 Wen den Copper 1 14 >4 14 14 ..4614 1814 Westn Air Exp(COe) 2 30M. 30M. 3014 8014 126 90 Western Md pf 20e 101 101 101 101 3714 3014 West Tab & Sta (2).. 2 80 80 30 30 20 1214 Williams R C(1.40)« K 18 13 18 13 im* am, Wll-Low Cafeteria.. 9 814 B*4 8 844 A STOCK AND BOND AVERAGES By tha AnmUM Ptm«. Prom TesUrday't t to Edition. STOCKS. 50 t« 20 96 Industrial*. Rails. Utilities. Total. Today 149.6* 116.1* 264.9* 154.0* Previous day 154.6 119.1 212.5 159.5 Week aro 158.7 121.8 218.7 163.4 Year ago 220.6 142.2 266.1 215.6 Two years ago 156.6 119.8 145.8 148.3 Three years ago. weekly aver.. 118.8 115.7 112.3 117.3 High (1936) 262.4 141.6 281.3 265.8 L° w (1936) 149.6 116.1 264.9 154.6 * New 1936 lowa. BONDS. 16 16 16 36 „ , Industrials. Rails. Utilities. Total. Today 92.8 166.5 99.6 99.6 Previous day 92.7 - 166.7 99.5 99.6 Week ago 93.4 167.1 99.7 100.9 Year ago 92.0 102.4 96.9 97.1 Two years ago 95.2 106.3 99.3 100.3 Three years ago, weekly aver.. 95.0 105.7 98.8 99 9 High (1930) 94.5 107.8 99.9 lOO.’g Low (1930) 91.9 104.5 97.8 98.4 (Copyright. 18S0. Standard RUttsttcs Co ) GAIN IN GASOLINE SALES IS RECORDED Summer Time Brings In creased Use of Fuel by U. S. Motorists. BY BENNETT WOLFE, Associated Press Staff Writer. TULSA. Okla., June 25—Arrival of the "good old Summertime” has brought the oil industry a boon It would have welcomed weeks ago. Hot weather means increased gasoline consumption as American motorists re spond to the beckon of the open road, presenting a picture of a nation on wheels that is especially cheering to the refining branch of the Industry. The effect of excessive gasoline stocks, while felt first by refineries, has ex tended through the entire industry, and the assurance of a greater gasoline con sumption during the latter half of the year is being pointed to as ofTering the industry an opportunity for planning operations so that it will not enter 1931 overstocked. Demand for gasoline dur ing the last six months of each year always exceeds that during the first half. W T arns Against Big Output. Reviewing the first half of 1930 in the oil industry, E. B. Reeser, president of the American Petroleum Institute, sounded a warning note against accu mulation of stocks. “The additions to stocks over the past three years,” he said, "have been so per sistent that many producers, I fear, have become so accustomed to it that they will take It as a matter of course and believe purchasing companies will continue to add to the accu ’ulation.” A study of statistics covering the first half of the year should help the Indus try In deciding upon its action during the second half, the Institute head as serted. I He estimated the curtailment move ment was responsible for saving the in dustry $1,000,000 a day in the crude oil market. Science is blamed partly for the surplus? gasoline stocks which have prevailed this year. Greater efficiency in the manufacture of motor fuel has increased the production of gasoline per barrel of crude oil. Within a few years’ time the yield has been boosted from 40 per cent to nearly 47 per cent. Another factor contributing to the same situation and likewise one in which science has had a big part is the pro duction of more and more gasoline from other raw materials than crude oil. Cheap cracking stock and natural gaso line are two sources which, statistics in dicate, will account for a sufficient in* crease in gasoline production to equal the year’s improvement in demand. Natural gasoline formerly was a waste product. Anti-Knock Gasoline. A further complication has been in jected by a steadily increasing demand for Premium, or anti-knock gasoline, produced by the cracking process. This development tends to create a problem In disposal of the straight run gaso line. The Federal Oil Conservation Board has pointed out that thr- only market for crude oil—refined products—is being diminished by encroachments of crack ing stock and natural gasoline. In the same connection are mentioned the re markable strides made by natural gas in competition with fuel oil. Figures of the United States Bureau of Mines show the demand for gasoline in the first four months of the year totaled 139,904.000 barrels, an increase of 15.688.000 barrels over the corre sponding period of 1929. A gain of 10.8 per cent in domestic demand and 233 per cent in exports accounted for the increase. The gain exceeded general expectations and recent estimates in dicate the rate of increase has not been maintained since May 1. The supply for the same four months totaled 151,207,000 barrels, of which 77,686,000 barrels was in straight run gasoline refined from crude oil, 51.894,- 000 barrels in cracked gasoline refined from fuel oil and gas oil and the re mainder in natural gasoline, a small quantity of benzol and 4,720,000 bar rels of imports. NEW YORK BANK STOCKS NEW YORK, June 25 (Special).— Selling of bank stocks and trust shares continued today, but at a slower pace than in recent sessions. Chase at 117 was off 1, National City at 123 off 5, Corn Exchange. 160, off 2, and rights, 13%. up y 4; Guaranty. 563. off 2; Bank of America, 91. off 3; Bank of United States. 38'£, off Vi; Brooklyn Trust, 650, off 10; Central Hanover, 314, up 4; Chemical, 59*/4, up Com mercial, 399, off 5; Continental. 25. off */4. and First National, ex-dividend to day, 4.400, off 100; Irving. 44»/ 4 , off % ; Manhattan, 98',a, up 1%; Manufactur ers’, 87 Vi, off ',2, and Public, 98, up 1. The following were unchanged: Bank ers’, 114; Chatham Phenlx. 59* 4 : Chelsea. 34; Empire, 68; New York Trust, 213. NEW SECURITIES' NEW YORK, June 25 (&)■—New se curities offered today include: Cities Service Co., unsold balance of $118,115,600 5 per cent debentures, priced at 100 and interest, by syndicate headed by Harris. Forbes Sc Co. and Halsey, Stuart & Co. Philadelphia Co., 100,000 shares $6 cumulative no-par preferred stock, priced at $99.50, by W. C. Langley Sc Co. and syndicate. Town of Maplewood, N. J., $312,000 *y 2 per cent bonds, to yield from 3.75 to 4.20 per cent, by J. S. Rlppel & Co. Town of Southampton. N. Y., $250,000 4.30 and 5 per cent school bonds, to yield from 4.40 to 4.30 per cent, by George B. Gibbons Sc Co. Village of Scarsdale, N. Y„ SIBI,OOO 4*4 per cent bonds, to yield from 3.50 to 4.15 per cent, by Lehman Bros. — Prev 1930. Stock ana Bslj* — < tilth. Low. Dividend Rate. Add 00. Open. Hi*h. Low. Clou. 1 6 2 Woodley Petroleum. € 4 4 4 4 j 2H V* "Y-OllAGaa 1 1H IV4 ltt it* I 21W 1414 Zonlte Products tl). 1 14'* 141* 14H 1414 j RIGHTS. Expire % * Hud Bay M&S July IS 4 i, -fc 4 fc j tb V* Inti Nickel w.i 24 & A St Si j 4H IV* Lone Star Gae.-July I 8 21* 2V* 2 2 3 &Mo Kan Pipe... .June IS 60 1* v* v* v* s Dividend rate* la dollar! baaed ea leak enarterly or aaml- i annual payment. J •BX'divtdend. TPartly extra. tPiaa extra la atoek. a Payable t la eaah or atoek. b Payable la d Payable la areferred atoek. ' FIN AN CI AL . FREIGHT LOADING. By the Associated Press. Loading of revenue freight recorded a continuous light decline during the week ended June 14, as compared with the preceding week. The week’s figures were materially less than those for the same period of last year. Loadings, as reported by the Ameri can Railway Association for the com parable periods follow: Week ended June 14, 927,794 cars; previous week, 935,647 cart: same week last year, 1,071,245 cars. CHICAGO STOCK MARKET By the Associated Press., CHICAGO. June 25>. Following is the complete official list of transactions in stocks on the Chicago Stock Ex change today: Bales. BTOCKS. High. Low. Close. ISO Adams Mtg 20 30 30 100 All-Am Mohawk .... 1% 1% 1% 1990 Allied Mot Ind 10% 10 10% 200 Am Colortype 29 28 % 29 20 Am Pub Ser pf 97 97 97 25 Am Pub Util pf 98 95 95 400 Am Radio IVi I*4 1% 300 Am Util AOf n g% 8 8 200 Alt Metal 12 n% n% 100 Asqoc T& T “A”.. 62'2 62% 62Vi 16 Assoc T & T 6* f 3% 93% 93% 650 Assoc Tel Util 33 20% 22 2SO Assoc Inv 50% 56 56% 200 Auburn Auto 98 97 98 20 Balaban A Kate pf.. oo 90 90 1300 Banco Kentucky ... 20 20 20 25 Baxter Laund A 5 5 5 50 Beatrice Creamery .. 75 75 75 2550 B(*ndix Aviation .... 29 «28 29 2500 Borg-Warner 25% 24*4 25% 250 Brach A Sons 15 15 15 350 Brown PAW A,... 23% 23% 23% 550 Butler Bros 8% 8% g'j 600 Cattle A M... 42*4 41 42*4 500 Ce Co Mfg 10 8 10 47 Cent 111 Pub Ser pf. 95 93 95 450 Cent 111 Sec 24 24 24 200 Cent Pub Serv Del.. 30 30 30 600 Cent Pub Serv A... 30% 29*4 30*4 950 Cent A So West 22 20*4 22 150 Cent A So West pf.. 95% 98 Vs 9514 200 Cherry Burrell 28Va 28Vi 28% 8000 Chic Corp 10% 10% 10% 2100 Chic Corp pf 39 38 38% 100 Chic Flex Shaft 14 14 14 500 Chic Investors 6 6 6 200 Chic Invest nf 35 35 35 150 Chic Yell Cab 25% 25Va 25% 8200 Cities Service 26% 25*4 26% 1335 Comwlth Edison 285' , 281 285 50 Construct Mat pf 37% 37% 37% 100 Consumers 4*4 4*4 4*» 7850 Cont Chicago 15% 15 15% 5560 Cont Chic pf 44*4 44 44 1150 Cord Corp 76% 7 3700 Corp Sec 31V, 20% 31 100 Corp Sec ctfs <2% 62% 82% 63 Crane Co 43 42 Va 43 50 Decker A Cohn 10 10 10 20 Dexter Co 14 14 14 100 Duquesne Gas 11 11 11 15 Eddy Paper 17 17 17 1600 Elec Household 40*, 40 40*, 100 Fabrics Finish 4% 4*4 4*4 2100 Foote G A Mach 11 10% 11 230 Gen Candy Corp .... s'/a 5% 5% 750 Gen Thea Ec 31% 30 31 50 Gen Laundry Mach.. 6 6 6 150 Gen Wat Wks A 28% 28 28*4 250 Gleaner 27% 28V4 27 % 900 Gt Lakes Aircraft.... 6Vi 5 5% 385 Gt Lakes Dredge 310 190 200 23350 Origsby-Grunow 15Va 14% 15% 350 Hall Print 33 32% 23 50 Harnischfeger 33 23 23 150 Hormel A Co 26'% 26% 26*4 600 Houdaille-Her B 11 10% 11 loom Brick 31 21 21 100 Ind Ter Ilium Oil 26*4 38% 28*, 260 Insull U pf 2d Ber.. 88*. 88 88% 700 Iron Fireman 36% 28*4 26% 50 Invest Co of Am 39 39 39 350 Jefferson Elec 31V4 30’,4 31 Vi 100 Katz Drug 39% 29% 39% 300 Kellogg Switch 4% 4% 4% 250 Ken-Rad T A L 7% BVa 7*, 11 Ky Ut Jr Cum pf.... 50 50 50 450 Keystone Steel 11% 11 liy, 800 Libby-McNeill 13% 13% 13% 950 Lincoln Print 24% 32 24% 50 Lincoln Ptg pf 42% 43% 43% 50 Lindsay Light 9% 9*a 9Vi 250 Lion Oil Ref 21 21 21 50 Loudon Pack 45 45 45 450 Lynch Glass 19% 18 18 23451 Majestic House Ut.,. 39% 36 38% 350 Manhnt Dearborn..., 30*4 29 29% 1050 Marshall' Field 36 35% 35% 350 Material Serv 19 16% 19 150 McGraw Elec 19% 19 19 200 Meadows Mfg 1% 1% I*4 100 Memphis Nat Gas... 12% 11% 12% 360 Merch & Mfrs A 26 25 28 41000 Mid West Util 37% 26*4 27% 250 Mid WUt6% pf A.. 100 100 100 300 Mid WUt A war... 2*4 2*4 2% , 300 Mid W Ut B war... 4 4 4 300 Midland Nat Gas A.. 14 13% 14 2100 Midland United 26 24*4 28 100 Midland Unit war... 3% 2% 3% 50 Miss Val Util pf... 97 97 97 50 Miss Val Util P L 94 94 94 3650 Mo-Kan Pipe 23% 32% 23 4650 Mo-Kan rts Va 14 3-32 10J Monighan 15 15 15 200 Morgan Litho 8% 7% 7% 100 Muskegon Mot n 8% B*, 8% 50 Muskegon Mot A.... 14V, 14% 14% 100 Nachmann Spring .. 11% 11% 11% 15 Nat Battery 26% 26*, 26*, 300 Nat Elec Pow A 26 25% 26 50 Nat Pub Serv. pf.... 45 45 45 *IOO Nat Rep Inv 43% 43 43 *650 Nat Secur Inv ctf.... 80 80 80 200 Nat Standard 30 28 28% 100 Nat Term ..7 12% 12% 12% 600 Nat Un Radio 4% 3*% 4 150 Noblitt Sparks 44% 42*4 42% 700 North American Car. 40 37% 39% 550 Nor Ameri Gas A El 20 19 19% 1350 N Amer Light A Pow 66 64% 66 300 North & South Amer. 14% 14% 14% 250 N West Bancorp 44 42 42 10N West Util 7s Pf... 94 94 94 150 Ontario Mfg 22% 32 22 100 Parker Pen 32% 32 33% 250 Perfect Circle 28 28 28 300 Pines Winter 24Vi 33% 24% 100 Potter Co 11 10*4 10% 100 Process Corp 8% 8% B*4 16 Public Serv 269 269 269 206 Public Serv n p 270 265 270 14 Pub Serv pf 122% 122% 122% 150 QRS Music 14% 14% 14*4 25 Quaker Oats 200200 200 30 Quaker Oats pf 115 115 115 700 Railroad Sh 5% 5% 5% 100 Reliance Inti 8 S 8 150 Reliance Mfg 7% 7% 7% 50 Rollins Hos 34 34 34 50 Sally Frocks 13 13 13 400 Sangamo Elec 33% 33 33% 450 Saxet 14% 14 14% 1700 Seaboard Util 6 5% 5% 50 Signode Stl pf 19% 19% 19% 20 So West Gas A El pf 97*4 97% 97% 200 Stand Dredging 17 18% 17 250 Stand Dredg pf 21% 21 21*4 100 Steinlte Radio 1% I*2 1% 300 Stone (H O) A C 0... 8% 8% 8% 50 Stude Mall 77 7 250 Super-Maid 14 13% 14 300 Sutherland Pap...... 9 8% 8% 1000 Swift A Co 38% 38*4 28% 450 Swift Inti 31% 30% 31 100 Transformer 22% 22% 22% 50 Twelfth St A 14% 14% 14% 10 Twelfth St war % % % 200 Unit Corp 14% 14% 14% 1800 U S Gypsum 39 37% 38 250 U 8 Radio A Tel... 17 16 16 50 Util Pow A L n-vot 15*, 15’, 15% 2950 Util A Ind 13 12% 13 1100 Util A Ind pf 21 21 21 100 Vortex Cup 22% 22*, 22% 300 Vortex Cup A 28% 27% 27% 550 West Cont Util 24 22 24 400 West Grocer 15 14 14 50 West P L A Tel 26 36 28 1950 Wls Bank Shrs 10% 10 10% 600 Zenith Radio 8 7V' t 7% Stock sales today—2so.Boo shares. BONDS. 12000 Chicago Rys B 42% 40% 42*4 5000 Chicago Rys A 56% 59% 56% 67000 Insull Util 6s ’44.... 99% 99% 99*4 1000 Northwest L 5s ’41.. 84% 84% 84% 2000 South Nat Gas 8... 97 97 97 20000 Appal Gas B 6s '45 98 98 98 1 5000 Souw Nat Gas 6s ’45 97 97 97 Bond sales today—3l2l.ooo. FOREIGN EXCHANGES. (Quotations furnished by W B Hlbbs Ar Co ) Nominal gold Selling checks value (or par). today. London, pound 34.8685 34.86 Paris, franc 3.91%c 3 82%c Brussels, belga 13.91 c 13.95%c Berlin, mark 33.82 c 23.83 c Rome. La 5.26 c 5.23%c j Zurich, iranc 19.3 c 1 Athens, drachma 1.3 c ... ( Madrid, peseta 19.3 c 19.38%c 1 Vienna, schilling 14.07 c < Budapest, pengo 17.49 c 1 Prague, crown (nom.) 2.964 c 3 9611 c < Warsaw, sloty 11.33 c Copenhagen, crown.. 26.8 c 36.76%e < Oslo, crown 36.8 c 26 77%e i Stockholm, crown.... 26.8 c 26.86*,c < OUTLOOK IN STEEL’, TRADEISMDED Seasonal Influences and Pes simism Cited as Factors by Iron Age. By the Associated Press. NEW YORK, June 25.—Seuontl In fluences. accentuated by current pessim ism, obscure the outlook, lr. the Iron and steel trade. Iron Age will say tomorrow In It* weekly review of the Industry. ‘‘Summer shutdowns of two week* or more by a number of large steel-con suming plants, notably In Detroit," the review will state, ’’coupled with the cus tomary midyear suspensions for Inven tory in virtually all lines of Industry make it clear that, temporarily at least, Iron and steel demand will undergo fur ther reduction. ‘‘On the other hand, heavy pipe line bookings and mounting requirements In structural steel remain encouraging fac tors, and an Impending general busings recovery Is sensed by leaders of the steel Industry who have passed through many cycles of trade expansion and contrac tion. They believe that curtailment* of buying has been overdone, and they see signs of a reaction In the other direc tion In scattered evidences of more liberal purchases of various products. "Plans of the United States Steel Cor poration to bring as much ore down the lakes as in 1929 are interpreted as Indi cating its faith in the business pros pects for the last half of the year. The scheduled blowing in of two blast fur naces by a large Pittsburgh independent early next month may point to similar confidence, although probably more largely influenced by pressure for line pipe deliveries. “Steel ingot production for the coun try at large has declined to 64 per cent from the 65 per cent rate of a week ago. ‘ Companies catering to the automobile trade are curtailing the most, while those having large capacities in pipe are holding their own or making gains. The Steel Corporation average, at 72 per cent, is three or four points higher than a fortnight ago. ‘ Construction work continues to de velop aji increasing volume. New struc tural steel projects, of 91.000 tons, are the largest this year with the exception of two weeks ago, when they totaled 112,000 tons. A highway project In Jer sey City and two sections of New York Subway alone account for nearly 50,000 tons. More structural steel business Is in prospect than at any time In the past year. "The country’s capacity In line pipe Is fully committed for six months. The Republic Steel Corporation has booked i an additional order for 10,000 tons from the Missouri-Kansas Pipe Line Co. The I Sun Oil Co. is in the market for 200 mile;! of 20-inch gas pipe and the Ajax I Pipe Line will soon buy against Its in quiry for 300.000 tons. It is becoming difficult to find mills that can take or ders for line pipe projects scheduled for completion this year.” The Iron Age composite prices are lower. That for finished steel fell to 2.185 cents a pound from 2.214 cents a pound, at which it held for five weeks. The pig iron composite is now 817.42, against $17.50 for the last three weeks. INDIANA LIMESTONE CO. INCREASES EARNINGS Special Dispatch to The Star. I NEW YORK, June 25.—The Indian# Limestone Co. shows an increase in sales and earnings In a period when many lines of business are experiencing a decrease. Net income available for Interest and depreciation for the six months ended May 31, 1930, the first half of the present fiscal year, amounted to $1,025,925, compared with $719,758 for the six months ended May 31, 1929. Sinking fund operations have retired $1,043,500 par value first mortgage 8 per cent gold bonds and $510,000 par value 7 per cent debentures since the original issue. NEW YORK COTTON NEW YORK. June 25 (Special).— After making new low records for the r year for both the July and two October deliveries, prices on the Cotton Ex change today rallied sharply under the lead of a recovery of nearly $2 a bale in the July position and regained all the early decline. 1 Trading continued to reveal the two sided character of the market at this level and prices ended with a gam of 2 to 20 points on the day. Nearly 100 stations In the cotton belt reported temperatures of 100 to 108, with 106 In Georgia, which is very high for this season of the year. Spots were advanced 20 points, to 13.45. Cotton range: Open. High. Low. Close. July 13.05 13 38 13 00 13.33 October, old 12.90 13 05 12 85 13.01 October, new... 12 67 12.80 12.55 12.73 December, old . 13 06 13.21 13 00 13 19 December, new. 12.77 12.95 12.71 12 92 January, old 13.05 13.20 13 01 13.18 January, new... 12 79 12 96 12.75 12 92 Merch 13 00 13.18 12 99 13.16 e May 13 16 13.31 13.15 13 29 GRAIN MARKET CHICAGO. June*2s (/PV —It was nip and tuck today between tuitions that urged speculative buying of wheat and corn at this time, whereas current economic developments tended toward an opposite procedure. Taken as a whole, tradition won for at least the time being as to wheat, but not so as to corn. Throughout the day wheat prices averaged higher, notwithstanding much apprehension expressed regarding grain storage facilities Southwest becom ing overcrowded owing to harvest prog ress and relative lack of export demand. Wheat closed nervous, * /4 a>4 a bushel higher than yesterday’s linish. Corn closed, , /ka% off; oats. %a% up, and provisions varying from 10 decline to # rise of 17. WHEAT— High. Low. Close. July 89% .87*4 #B% September 93% .91% 92% CORN- • 9fl ' a ’ 97 * July .75% .73% .74% September 74 .731, .731. July • ■ 36% .35% ,35% September 36% .36% .36% Dumber 40 .39% .39% July 45% .44 .44% September 50*/4 .48% .49% December 56% .54% .55% MONEY MARKET. NEW YORK, June 25 Cell money steady; 2 per cent all day. Time loans steady; 30-60 days. 2‘ 2 -2Ai; 90 days. 2‘a-2\; 4 months, 2\-3; 5-6 . months, 3. Prime commercial paper, I 3%-3'4: bankers’ acceptances un changed. SHORT-TERM SECURITIES. .... (K £E°^ led by „ J *W. Seligman A Co.) AUls-Chalmers Co 5s 1937.. . 101*4 102 American Tel. A Tel. 5%s 1943 108 108% American Thread s'as 1938 100 100% Baltimore A Ohio 4%s 1933.... 100% 100% Batavian Pet. Corp. 4%s 1942. 94% 94% Bell Tel of Canada 5s 1957,... 103 103% California Pet. Corp. 5%s 1938 101% 102% Canadian Nor. Rwy. 4%a 1936.. 99% 99% Chicago Rock Island 4s 1934... 97% 98 Chile Copper Co 5s 1947 94% 95 Cudahy Packing Co. 5%s 1937.. 97% 98 Oen. Mot. Accep. Corp. 6s 1937 101% 102 General Pet Corp. 5s 1940 102% 102% Gen. Theater Equip. 6s 1940... 94 94% Goodyear T. AR. 5s 1957 91% 92% Grand Trunk of Can. 6s 1936... 105% 105% Gulf Oil of Pa. 5s 1937 101 101% Humble Oil 5%s 1932 102 102% Internet Match Corp. 5s 1947.. 99’* 100 N. Y . Chi. & St. Louts 8s 1932 102% 102% Peop Gas. Lt A Coke 4%s 1930 99% Phillips Pet. Co. 5%s 1939 94% 94% , Pure Oil Corp. 5%s 1937 99% 99% 1 Shell Union Oil Co. 5s 1947... 97% 97% fl Sincltlr Crude Oil Co. 5%s 1938 100% 100 fa 1 Stand.. Oil of N. J. 5s 1946 103 103*5 I Stand. Oil of N. Y 4%s 1951. . 98 % 98% 1 Bt. L., Ir. Mt A So. Ry. 5s 1931 100% 100% t. L , Southwestern Ry. 4s 1932 99 99% I Swift & Co. 5a 1932 100% 101 I Union Oil Co. of Calif. 5s 1935 loots 100% I United Drug Co. 5s 1053 96 96% U. 8 Rubber 5s 1047 83 93% Western Electric Co. 6s 1944 . 104% 104% I wDUIu! iml BSS.ISIS. ‘JP 7%