Evening star. [volume] (Washington, D.C.) 1854-1972, March 16, 1934, Image 12

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Evening star. [volume], March 16, 1934, Page A-12, Image 12
About Evening star. [volume] (Washington, D.C.) 1854-1972

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Evening star. [volume] (Washington, D.C.), 16 March 1934. Chronicling America: Historic American Newspapers. Lib. of Congress. <https://chroniclingamerica.loc.gov/lccn/sn83045462/1934-03-16/ed-1/seq-12/>

Newspaper Page Text

Friend of D. C. Financiers
Is More Cheerful in
Latest Review.
BY EDWARD C. Sl^NE.
Col. Leonard P. Ayres, vice presi
dent of the Cleveland Trust Co., and
personal friend of several Washington
financiers, has turned much more
cheerful in his latest review. He notes
an 11 per cent advance in business in
the last three months and calls it
rather Impressive improvement for
that length of time. Predicting fur
ther progress, he says:
Three factors appear to be most im
mediately responsible for the current
lift in general business. The first, and
probably the most influential, is the
increased activity in the automobile
industry, which is an important cus
tomer of a long list of other indus
tries and which has been largely re
sponsible in recent weeks for the
greater output of steel. The second
of the three stimulating factors has
been a large increase in building con
struction, which is mostly the result
of heavy Federal expenditures for pub
lic works. Finally the generally pre
vailing severe Winter weather has in
creased coal shipments, and the use
of electricity, and has stimulated the
sales of clothing and foot wear.
"The present prospects are that
business will continue to be Increas
ingly active during the first half of
the year unless serious labor troubles
should check production in the auto- I
motive industries. Expenditures for
publically financed construction will
increase rapidly up to the middle of
Summer, and they will be large, for
the entire appropriation of 3.3 billions
has now been allotted, but only a little
more than one-tenth of it has so far
been spent.
"Bonus payments to farmers will
average about 100 million monthly
through April, and continue at half
that rate through the rest of the year.
Total Treasury disbursements have
been running this year at about 30
million dollars a day. and while that
continues business will respond to the
stimulus. We are now fully launched
upon a great social experiment which
will demonstrate whether or not
public expenditures can generate a
business revival which private enter
prise can subsequently sustain.”
Insurance Firm 90 Years Old.
The Washington agency of the
Elate Mutual Life Assurance Co. of
Worcester, Mass., which has been in
business here since before the Civil
War, Is celebrating the firm's 90th
birthday today.
Ninety years ago, on March 16,
3844, the charter of the State Mutual
life was signed by the Governor of
Massachusetts. The company today
is one of the strongest in the coun
try, has assets of $152,614,471, $598.
*61,000 insurance in force and a sur
plus of $10,505,000.
The company is celebrating the
event with a Nation-wide campaign
entitled ‘‘The Pageant of Progress.”
.Each of the 52 agencies are taking
t>art.
Bernard L. Wilner and Morton H
Wilner are general agents of the
Washington agency. Also associated
With the Wilner agency in the Invest
ment Building are H." Gordon Ed
monds, Henry V. Christiani, Charles
H Joyner, M. D. Rosenberg, Jr.;
Richard A. Newby and Philip Aubrey
Eimpson.
The agency in 1933 showed a 300
>>er cent Increase in sales over 1932.
Storage Dividend Declared.
Directors of the Security Storage
Co., 1140 Fifteenth street, have voted
She regular quarterly dividend of $1.25
{per share on the capital stock of the
company, payable April 10 to share
holders of record at the close of busi
ness April 6. This stock Is listed on
the Washington Stock Exchange, but
very little of it Is ever offered for sale.
The last bid was 93, with none avail
able at that price.
Peoples' Drug Stores preferred stock
(rained two points in a 10-share sale
on the New York Stock Exchange yes
terday. moving up to 97. The last sale
Jn this issue on the Washington ex
change was made at 83 »£. The com
mon was sold In New York again yes
terday to the extent of 2.200 shares,
closing at 287„. At present prices the
preferred yields better than 6 per
cent.
Secretary of the Treasury Morgen
thau announces that tenders are in
cited for $100,000,000, or thereabouts,
k>f 91-day Treasury bills, which will be
fold on a discount basis to the highest
bidders. Bids will be received at Fed
eral Reserve banks up to 2 p.m. Mon
day, March 19 Tenders will not be
received at the Treasury Department
The bills will be dated March 21 and
mature June 20, 1934.
Treasury Notes Issue Taken.
Subscription to the Treasury's latest
effering of four-year 3 per cent Treas
ury notes aggregated $455,175,500,
Secretary of Treasury Morgenthau
Stated.
These notes were offered in ex
fchange for approximately $460,000,000
Of 3 4 per cent Treasury certificates of
Indebtedness March 15, 1934. The
amount of the offering was limited to
the amount of maturing certificates
tendered and accepted.
The Treasury Department is making
peal progress in its study of the
etock market regulation bill. Secretary
Morgenthau stated. “Our orders are
to fix It up so It can go through Con
gress,” Mr. Morgenthau said. “The
President wants it passed, and work
on revising it so that it will pass
Congress is coming along fine.”
i raaing on D. C. Exchange.
Two SI.000 sales in Anacostia &
Potomac R. R. 5s opened trading on
the Washington Stock Exchange to
*Jay, both made at 65.
Capital Traction 5s moved in a $500
transfer at 79'2. while Washington
Gas 6s. scries B, came out at 101%
for a baby bond.
Stocks were quiet, 10 shares of
Capital Traction moving at 27% and
Jo more at 27%.
Washington Gas 5s, 1958. recently
gained considerable strength. The
bid is now around 91 and the asked
price 94'4. About 10 days ago the
pid was 88% with 90 asked.
Washington Railway & Electric 4s
rave also developed more strength in
ecent trading sessions. The bid is
pow 90 with 94 asked. The bid stood
for some time at 88 with none offered.
Maryland Bank to Open.
The Middletown Savings Bank of
Xllddletown, Md„ has been author
ized to resume its normal banking
functions, states John J. Ghenger,
State bank commissioner. The reor
ganized Institution will have deposits
of approximately $325,000, capital of
$25,000. surplus of $25,000 and undi
vided profits and reserves of about
$15,000.
Effective March 16. interest rates
On new loans made by the intermedi
ate credit banks will be 2l/3 per cent,
• reduction of Vt per cent. Gov. Wil
■•liam I. Myers of the Farm Credit Ad
fninistration said In an address Thurs
TRANSACTIONS ON THE NEW YORE STOCK EXCHANGE I
Received by Private Wire Direct to The Evening SUr.
Previous 2:15 p.m.
,—1934 —■» Stock and Sales— Net
High. Low. Dividend Rate, add 00. High. Low. Close. Ctige.
421* 35 Abr A Straus(tl 25) 1 4074 4074 4074-74
105 89 Abrrr. A Strs pf (7). 10s 106 105 105
1174 64* Adams Express...., 14 10V4 944 944 — H
34*4 16 Adams-MUlla (1)... 8 3274 3174 3274
11** 7*4 Addressogrmph.... S 2 1074 1074 1074 — 4*
7*4 67, Adv Burnley._ \ 2 6 6 6
9*4 67* Affiliated Prod(«0c). 1 8 8 8 + -»
1067« 95V* Air Reduction (l)..i 1 97V* 974 9774 - 7*
237* 197* Alaska Juneau t76o. 42 2144 20>4 2144 + 74
67* 874 Alleghany Corp. • 413 374 244 274 — 44
1444 574 Alleg Cp pf ISO was. 26 974 8 9 -74
1374 54* Alleg Cp pf *40 if. 9 874 OH 7 -174
1274 574 Alleg Corp iw...... 12 8 6 7 —1
237, 177* Allegheny Steel.... ; 1 20 20 20 -374
160*4 144 Allied Cbem («).... 5 15L 14974 15074 +1
23*4 1674 Allls-Chalmero...M 8 1 974 1 9H 19»* + 74
744 4 Amal Leather. 2. 6 6 6 —74
504* 41’, Amerada _'orp(2).. 2 49 4844 49 + 44
36 25V* Am AgChera (Del)v 1 *9 29 29
23 1474 Am Bank Note. 2 18*4 187, 18*» — 74
49** 40 Am Bank Nte pf (S) . 20a 467, 46 467, +27*
124* 77, Am Beet Sugar. 6 11 10*» 11 + H
64 467* Am Beet Sugar pf.. 170« 58 6674 5674 —1
38 28 Am Brake S&FUOc) 1 31 31 31
107 96 Am Brake Sh pf (7). 30, 1057* 105'4 10574 +17*
107V* 94’4 Am can (4). 8 1 0074 9 9** 10074 + 7*
337» 2374 Am Car A Foundry.. 1 284* 284* 2844
627* 474* Am Cornel Alcohol.. 3 517, 61 51 + 44
5 244 Am Encaustic.. 4 3*, 374 374
13** 74* Am A Foreign Pwr.. 10 107, 1074 1074 + 74
25 12 Am A For PW pf (6). 2 18V* 18 18 - 74
22*, 1774 Am Haw Stshlp tl). 1 207. 20'* 2074 +1
10'* 77* Am Hide & Leather. 1 10v* 107* 107* + 74
42V* 30", Am Hide A Leatb pf 2 40V* 40 40V* + V*
10 674 Air. Ice Co. 6 9 874 9
45 357* Am ice pf (6). 1 43 43 43 -174
11 6*4 Am international... 3 9 9 9
1*» ** Am La France A F.. 1 1 1 '1—74
6", 4 Am La France pf... 20s 674 67* 674 + 7*
384* 267* Am Locomotive..... 2 367* 36 3674 + 74
74*. 50 Am Locomotive pf.. 2 71 71 71 —IV*
274* 18 Am Metals. 9 2374 224, 23V* + 7*
34** 21 Am News (174).... 120e 317* 317* 31'*+ V*
12V* 67* Am Power A Light. 35 9** 94* 97,— V*
267* 127* Am PAL |5 pf (174). 1 20'* 20T* 207. + 7.
297, 134* Am P&L *6 pf(174). 4 234* 234* 23*. -2V*
174* 137, Am Radiator. 36 147, 14*, 14*. + 74
287* 177, Am Rolling Mill*... 19 244* 23»* 24V* + 7*
74, 3V* Am Seating. 2 54* 67* 67*— 7*
24, 1 Am Ship A Com..... 2 17, 14* 17,+ 7,
30 19*-* Am Shlpbldg 12)• ... 70s 27 25 264* +24*
5174 414* Am Sm A Ref.. 66 44S 43 437*
557, 484* Am Snuff (13 74).... 1 64*4 544* 54**— V*
267* 19V* Am Steel Foundry.. 3 217* 217* 217*
44V* 37 Am Stores 12). 3 4 1 404, 40*.— **
61 46 Am Sugar (1). 1 5314 63V, 53V-,— 4*
20*» 157* Am Sumatra Tob... 2 19*, 18*, 18*,— 4,
125V* 1074* Am Tel A Tal (9)... 32 1197* 118V* 119V*- V*
82*, 65V* Am Tobacco (6).... 3 6b 67V* 68 +14*
84'* 67 Am Tobacco B (5)... 5 704* 70 70V* + *,
284* 74* Am Type Fdra pf... 110» 22 214* 22 — V*
274, 16*. Am Water Wks (1). 46 20'* 207, 204* - 4*
177* 114, Am Woolen. 2 147* 14 14
4V* 17* Am Writing Paper.. 9 4 31* 374 — 7*
147* 57* Am Writ Paper pf..1 2 14 14 14
9 54, Am Zinc A Lead.... 4 74, 7V* 744 + 4,
17H 137, Anaconda Copper.. 22 15 14*, 15+4,
12 9>* Anaconda Wire..... 1 1074 107, 107,-174
33 267* Archer-Danlela (1). 1 31V, 31', 31V, - «*
67, 47* Armour of 111 (A).. 10 6 5T» 6 +7,
3*, 27* Armour of 111 (B).. 8 27, 27* 27*
641* 55 Armour of 111 pf.... 15 60V* 69V, 69»« + 4*
84, 3*, Arnold Constable... 2 7V* 7 774 + 7*
9 4'* Artloom Corp. 100s 7»* 7', 77, — 7*
374 1 Associated Apparel. 1 2»» 24* 2s, — 74
18V* 117, Asso Dry Goods.... 8 167, 16 16V* — 74
73*4 54 ATASFe. 18 677, 667, 6774 + *.
857, 707. A T A S Fe pf a4.*0. 1 82 82 82 - V*
54'-* 39 Atlantic Coast Lina 8 4774 477* 4774 + 74
22 20 Atl Gulf A W Ind pf 1 214* 214* 214* - V.
357* 28'. Atlantic Raf (1)- 16 314, 30*. 314,+ **
557* 35V* Atlas Powd (b50c). 1 6074 507* 507,+ V»
997* 83 Atlas Powder pf (6). 60s 99'* 99 997*
16V* 774 Atlas Tack. 5 1514 144, 15Vi + 4*
674* 474* Auburn Auto (2)... 10 56'-* 63 54 + '*
16", 7 Austin Nichols..... 7 15*. 15 157* + 7,
104* 54* Aviation Corp (Del). 18 87, 8 8V* + 7*
16 11 Baldwin Loco.. 24 13% 13% 13%+ %
65 35 Baldwin Loco pf.... 1 52 62 52 -3
34% 22% Baltimore & Ohio... 13 30% 29% 30%+ %
37% 24% Baltimore & Ohio pf 4 33% 33 33*4 — %
99 86% Bamberger pf 6 . 40s 99 99 99
6% 3 Barker Bros. 12 6% 5% 5% — %
10 7% Barnsdall Corp..... 3 8% 8*4 8%
39 27 Bayuk Cigars....... 8 36% 36% 36*4- %
96 89 Bayuk Cig 1st pf<7) 10» 98 98 98 +2
18 10% Beatrice Craamary.. 1 15% 15% 15% — %
62% 58 Beech-Nut Pkg (3). 1 61 61 61 + %
14W 8% Belding-Hemlngwy. 9 13*. 13Vi 13*» + V»
23% 16% Bendlx Aviation.... 19 19% 19 19%
17% 12% Beneficial Loan 1 %. 113 18 16% 17%+ %
33% 26% Best & Co (h26c)... 6 32% 32 32%+%
49% 34% Bethlehem Steel.... 22 43% 42 43% + %
40 27 Blgelow-San (hi).. 60s 37 37 37 + %
16% 10%BlawKnox. 4 14 13% 14 + %
68% 55 Bohn Alumn&Br(3) 3 59 58% 59 + %
27 Va 197* Borden Co < 1.60).. „ 32 231* 22*4 23’7 + Vi
28** 20** Borg. Warner (1)... 11 25** 25’* 25** ■+• **
19>* 11 Boston & Maine... • 2 15 14V* 15 — V*
18% 12 Briggs Mfg (h26c). 36 15% 15% 15%+ %
35% 26 Bristol-Myers t2.10 8 32 31% 31% — %
36*4 30 Bkiyn-Manhat Trn. 10 31% 31% 31%+ %
10% 7 BruHSwlck-Balke.., 5 9% 8% 9% +1!»
9% 6% Bucyrus-Erle 4 7% 7% 7% + V4
14% 10 Bucyrus-Erle cv pf. 1 11% 11% 11% + %
7% 6%Budd (EG) Mfg.... 2 6 6% 5% + %
6% 3% Budd Wheel.. 6 4% 4% 4%
15% 7% Bullard (Jo. 1 13 13 13
4% 1 Burns Bros A vto... 1 2% 2% 2%
15% 4 Burns Bros ,>f...... 30* 11 10 10 —1
19% 15 Burr Add Mach 40e. 8 16% 16% 16% + %
2% 1% Butte & Superior... 3 1% 1% 1% — %
4% 2% Butterick Co....... 1 3% 3% 3%
32% 21% Byers (A M). 2 27 27 27 + %
1% T»Callahan Zinc. 1 1% IV* 1% + %
6% 4 Calumet & Hecla... 8 6% 5 5
15% 9% Campbell-Wyant. 7 14'* 14V* 14% — %
18% 12% Canadian Pacltlc... 17 17% 17 17%+ %
33V* 28% Cannon Mills (2)... 1 82 32 32
32 26*. Cap Admin pf A(3).x 10» 30% 30% 30% +1%
86% 65'* Case (J DCo. 5 73% 72% 73% + V*
84% 68 Case (J 1) pf (4). .. 205* 72% 71% 72%+ %
32% 23% Caterpillar Tr(50c) 15 29% 29 29%
44% 33%CelaneseCorp.. 16 39% 38% 39% + %
4% 2%CelotexCo.. 3 3% 3% 3% - %
14 % 6% Celotex pf . 80e 13 12% 12V*
82% 27% Cent Agulre (1%)..X 1 26 26 26 — %
12% 7% Century Rib MUla.. 2 10% 10% 10%
40% 32% Cerro de Pasco. 38 35% 33% 35 + %
7% 3% Certain-teed Prod.. 1 5% 5% 6% — %
16% 11 Checker Cab Mfg... 2 16% 16% 16% + %
46% 39% Ches & Ohio <2.80)•_ 26 44% 44% 44%-%
46 34 ChesapCorp (2%).. 5 42 41% 41%+ %
6% 2%Chi Great Western. 15 5 4% 6 + %
11% 6V* Chi Great Westn pf. 3 10% 10% 10%+ %
8% 4% Chi Mil St P & Pac.. 2 6% 6% 6% - %
13% 6% Chi M11 StPAPac pf 8 11% 10% 11%+%
15 6% Chi A Northwestern 14 13% 13% 13% + %
28 13v* Chi * Northwest pf. 2 24% 24% 24% — %
9% 6V» Chi Pneumatlo Tool 1 8% 8% 8% + %
6% 2% Chi Rock 1 * Pac... 1 4% 4% 4% — %
30% 19% Chlckashi C O h60o. 1 27% 27% 27%
11% 6 Childs Company... 1 10 10 10 + %
60% 49% Chrysler Corp (1).. 135 63% 51% 53% +1%
24% 17V* City Ice A Fuel (2). 1 21% 21% 21% — %
78% 67 City lce&Fuel pf 6% 70s 78% 78 78% + %
2% % City Stores. 8 1% 1% 1%
lv* % City Stores ctfa.... 1 % % %
5% 3% City Stores (A)- 1 4% 4% 4% + V*
5% 3 City Stores (A) ctfs 1 4% 4% 4% + %
109% 95% Coca-Cola <6). 2 104 104 104 -1%
51% 50% Coca-Cola (A) (2).. 2 52 62 52 + %
17% 9% Colgate-Palm-Pest. 16 17% 17 17 — %
87 68% Colg-Palm-P pf (6). 1 87 87 87
28% 18 Collins AAIkmsn... 5 24% 24V* 24%+ %
8% 3% Colo Fuel A Iron.... 7 6% 6% 6%
83% 20 Colo A Sou latpf... 40s 29% 29% 29%+1%
19% 11% Col G A El <b5l)c).. 48 16% 15% 16
66% 41 ColGAEpf B <6>.. 40s 64 63% 64 + %
27% 23 Columbia Plct etc.. 8 27 26% 27 + %
71 58 Columb Carbon 12% 6 70 68% 70 +1
32 18% Cornel Credit (1)... 14 31% 30% 31%+%
50 38 Cornel Cred <A) (1) 3 48 48 48 -1%
101 91% Cornel Cred 1st 6%. 10e 100 100 100
30 24 Cornel Cred (B) (2). 90s 28 28 28
57% 35% Cornel Inv Tr <2)... 12 66% 65% 66%+1%
104 91 Cornel inr cv pf e6.. 1 105 105 105 +1%
36% 28% Cornel Solv (60c)... 21 27% 26% 27%+%
3% 1% Comwlth A South, .i 27 2% 2% 2%
44% 21% Comwlth A S pf <•). 6 39% 39 39% — %
31V* 23 Congoleum-N 1.30. . 6 28 28 28 + %
13V* 8% Consol Cigar. 4 12% 12% 12%+ %
55 49 Con Cg pr pf xw 614 100* BOV* 60 60%-1%
17% 10% Cons Film pf <h60e) 6 16% 16 16 — %
47% 35% Consol Gas N T M). 28 39% 39 39% + %
92% 82 Consol Gas pf (6).. 1 89 89 89
4% 2% Consol Laundries.. 1 3 3 3 — %
14% ' 9% Consol Oil <h2*c>... 22 12% 12% 12%
6% 2% Cons R R Cuba pf.. 5 5% 5% 5% + Vi
2% % Consol Textlls... .*• 8 1% 1% 1% + %
9% 6V* Container Corp A. • • 1 8% 8% 8% + %
*'-. 2% Container Corp B. .* 4 4 3% 4 + %
14% 7 Conti Baking (A)..-> S 12% 12% 12%-%
2% 1 Conti Baking 18 1% 1% 1%
81% 75 ContlCan 8 78% 78 78% + %
11% 7% Conti Diamond Fib.. 2 10 9% 9% — %
34% 23% Conti Insur <1.30... 4 31% 31 31 — %
2% 1%Conti Motors....... 8 2 1% 1%
20% 16% Conti Oil (Del)....* 13 18% 18% 18%+%
84% 71% Corn Prod F.ef <>).. 8 72% 71% 72%+1
9% 3% Coty Ine. 6 7% 7% 7% - %
85 28 Cream of Wheat(8) 1 32% 32% 82%-%
15 8 Crosley Radio 2 14 14 14 — %
36V* 29% Crown Cork A Seal.. 3 30% 80% 30% - %
40 35% Crown C&S pf 2.70.. 1 39 39 39 + %
6% 3T* Crown-Zellerbaek... 1 644 544 544
384* 214* Crucible Steel. 1 33 33 33 - %
3V4 1 Cuba Co..,.* 2 2% 2% 2% + %
9% 3%Cuban-Am Sugar... .11 7% 7% 7% + %
47% 20VaCuban-Am Bug pf..- 40s 40 37 40 +3
50*. 37 Cudahy Pack <*%). 2 45% 45% 45%
25% 13% Curtis Publishing.. 6 24% 24 24%-%
71 43% Curtis Publish pf..* 8 70 70 70 -1
5% 2% Curtiss-Wright.. 1 18 4% 4% 4% + %
i 11 g% CurUee-Wright A_ S3 10% 10% 10% + to
1 '
Previous 2:15 D.m.
,—1934—, Stock and Sales— Mat
Hlsh. Low. Dividend Rata. Add 00- High. Low. Close. Chge.
34% 26% Dear* A Co. 18 30 29% 30 - %
73% 63 Delaware A Hudson 4 64 64 64
33% 22% Del Lack A West... 9 29% 28% 29 + %
28% 25% Diamond Match(l). 1 24% 24% 24%-%
38% 32 Dome Minas 17 37% 36% 37% +1%
23 19 Dominion Stra 1.20.1 3 21% 21 21 -1%
28% 14% Douglas Aircraft... 91 27% 25 27%+2%
11% 7% Dresser Mfg <B)..v 2 11 11 11 -%
11% 6% Dunhlll Internatl. .•» 8 10% 10% 10%+%
103% 90% Du Pont da Nam(2). 27 97% 95% 97%+%
119% 116 Dupont deNdbpf 6. 4 120 119% 119% - %
99% 90 Duquesne Lt lst(t) 30s 100 99% 100 +%
12% 5% Eastern Roll Mllla.. 3 10% 10% 10%-%
93% 79 Eastman Kodak (»), 3 89% 89% 89% +1
22% 13% Eaton Mfg »n26e).. 8 20% 19% 20% + %
19% 11% Eltlngton-Schlld. ..i 2 17% 17% 17%-%
31% 18% Elec Auto Lite 42 29% 28% 28%-%
7% 3% Elactrlo Boat. 2 6% 5% 6% + %
7% 4% Eleo A Musical Inst. 1 61. 6% 6% — %
9% 4% Eleo Par A Lt. 11 7% 7% 7% + %
19% 8 Else PwrALt *6 pf.. 1 14 14 14 - %
52 44 Elcc Storage Bat(2) 3 47 46% 47
3% 1% Elk Horn Coal pf... 1 2% 2% "2% + %
63 61% Endicott-John (I).. 1 60 60 60 + %
8% 4% Engineers Pub Bvo.. 2 6% 5% 6%
10% 8% Equitable Of Bid< 1) 19 9 9
24% 13% Erie RR. 11 22 21% 22 + %
28% 16 ErlaRRlstpf 3 27 27 27 - %
14% 7% Eureka Va Cl (50c). 2 12 11% 12 - %
23% 9 Evana Auto Prod... 18 20% 20 20%
9 4 Exchange Buffet... 10a 8% 8% 8% + %
18 7 Falrbanks-Morse..• 2 16% 15% 15% — %
11% 7% Fed Lt A Tree 6 10% 10% 10%+%
8% 6 Fed Mot Truck. 1 6% 6% 6% — %
6% 2 Fed Screw Works... 4 5% 4% 5% + %
4 1% Fed Water 8vc A... 1 3 3 3 - %
31 22% Fed Dept StraOSOe) 1 28% 28% 28%+%
34% 23% Fldellty-Phoen 1.20. 415* 31% 31 31 — %
11 7 Fifth Av Bua(64c). 10* 7% 7% 7% + %
25% 18 Firestone («0c).... 10 22 20% 22 +1
81% 71 Firestone pf A (•).. 4 81% 81% 81%
61% 54% First Nat Stre 2Vk.i 4 65% 55 65% — %
17% 9% Follansbee Broa.... 5 13% 12% 13%+ %
16% 10% Food Machinery.... 1 16 16 16 — %
22 13 Foster-Wheeler.... 1 19% 19% 19% + %
78 60 Foster Wheeler pf.. 10* 80 80 80 +4
17% 12% Foundation Co.i 10 15% 14 15%+ %
17% 12% Fox Film (A). 1 15% 15% 15%-%
63 36% Franklin Sim pf (7) 60s 53% 53% 53V. -2%
50% 43% Freeport-Texas (2). 17 44% 43% 43%-1%
31 16% Fuller CO pr pf 10s 30 30 30 + %
17 9 Fuller Co 2d pf 20s 14% 14% 14%+%
44* 2% Gabriel Co (A). 3 44* 4s* 44*
20 11% Gamewell Co. 10* 15?« 15V* 15V*— Vi
11V* 74* Gen Am Inveatora.. 15 10% 10'* 10Vi — V*
434* 33V* Gen Am Trana (1).. 3 40 394* 40
21** 15V* Gen Asphalt... 3 184* 18 18**— V*
14** ii Gen Baking (1).... 7 12V* 12V* 12V*
108V, 102". Gen Baking pf (8).. 40* 104', 104 104 -IV*
10V* 54* Gen Bronze........ 3 9?j 9'* 9Vi
6V» 34* Gen Cable. 3 4% 4% 4'*-?*
25 14V, Gen Cable pf. 1 20 20 20
36 27 Gen Cigar (4). 3 32 314* 31% + 4*
105 97 GenClgar pf (7)... 80s 104 104 104
25Vi 18V* General Elec (60c).. 54 22V* 21s* 22'* + Vi
124* 11H Gen Elec ape (600.. 74 12V* 12V* 12%-%
36T* 32s* Gen Foods (1.80).... 21 34 33s* 34 + V.
14* 4t Gen Gas & Elec (A) 12 IV* IV* l'i — V*
21 12 Gen G & E 7 % pf A. 10s 20»* 20', 20', - V*
64V* 54 Gen Mills (3). 5 554* 55 554* + »*
42 33'.* Gen Motors (1). 328 3 8 364* 37% + V*
99% 89»* Gen Motors pf (6).. 4 98>i 98 98 - %
16 84* Gen Outdoor Adv A. 1 16 16 16 + V,
17*. 10% Gen Prtg Ink(hlac) x 30s 164* 164* 16**+ 4,
5% 2'., Gen Public Service.. 1 4 4 4 — V*
3% 14* Gen Realty & Util.. 4 2% 2** 2**
23s* 10i* Gen Refractoriea... 1 18 18 18 — »«
19'* 12'i Gen Refract vte.... 5 15Vi 144. 15'4 + V*
121* 8V* Gillette Saf Raa(l). 11 11 10s. 10*. — V.
6** 4'* Glmbel Broa.» 13 5V* 5>* 5'.
244* 154. Glidden Co (1). 26 24V* 23V, 23% - V*
9', 5Vi Gobel (Adolf). 2 84. 8V* 8'*
224* 16s. Gold Dust <1.201... 8 20V* 194* 20V* + %
18 124* Goodrich (BF).... 17 16V* 15% 16 + %
59% 40 Goodrich (B F) pf.. 6 55 _ 534* 55 +1
414. 334* Goodyear T & Rub.. 24 38% 364* 38V* + 4i
114* 7 Gotham Silk Host.. 2 9'* 94* 97* — 7,
41* 24* Graham-Palgs. 15 37* 34* 37« — ’*
134* 8 Granby Consol..... 3 11V* 10»* lit* 4- V*
37V* 23 Grand Union pf (3). 4 35V* 35 35 - V*
30 23 Granite City stl(l). 1 29 29 29 -1
404* 34 Grant (WT) <1).... 2 37% 37% 377. + %
32V, 184* Great Northern pf.. 19 29% 28% 29%+ V,
15% 11 Urt North Ore h5oe. 2 13% 13% 13"*+ %
34% 264* Great West Sug 3.40 15 27% 26% 27'*+ ;*
3% 4* Guantanamo Sugar. 3 24, 2% 24*
28?. 27 Hack VV pf A (1%). 20s 28 28 28 — %
8% 5 Hahn Dept Stores.. 21 74* 7% 7% + >*
9'* 3% Hall W F Printing.. 2 8 7% 8 + %
33 25 Hamilton Watch pf. 50s 28% 28% 28%
244* 14% Harbison & Walker. 3 22 214* 22 + %
45?, 194* Hat Corp pf. 40s 43 43 43 — %
64* IV* Hayes Body. 9 5-4, 5% 5% + %
96*. 87?* Hazel Atlas G1 (5). 2 94 93?* 93?* -1
HIT 101 Htltne G VV (t">.... 1 103 103 103 — %
71!j 59 Hercules Powder(2) 1 68 68 68 — 1**
67% 48% Hershey Choc (3).. 3 62'* 52 52 — V*
87% 83 Hershey Ch pf < t5). 1 87 87 87
8% 5% Holland Furnace... 6 7 7 7
10% 54* Hollandr(A)hl2%c 6 10% 10 10 + V*
361 310 Homestake M (tl5) 2 375 370 375 +17
23V* 11 Houdaiile-Hersh A.. 1 20 20 20
6% 34* Houdaiile-Hersh B.. 7 6 57* 5% — V*
294* 21 Houston OH.. 1 25?* 25% 25%+ V*
5% 3% Houston Oil (new). 3 4% 44* 44*
60% 35% Howe Sound (3).._ 17 47% 454* 47% +1%
24% 134* Hudson MotorCar.. 30 20% 19 20%+ %
7% 4 Hupp Motors. 12 5% 5% 64* + V*
384 284 Illinois Central..... t> 834 324 324 — 4
964 744 Industrial Ray (6).. 2 85 844 85 + 4*
734 594 Ingersoll-Rand 1V4. 3 67 67 67 + 4
494 404 Inland Steel. 2 43 424 424 -14
4 24 Insur Shr ct Md lOe. 2 34 34 34
34 24 Intercom! Rubber.. 2 34 34 34 + 4
114 6 Interlake Iron. 2 94 94 94 — 4
64 2 Int Agriculture.... 9 5 5 5
1494 140 Int Bus Mach <6)... 1 140 140 140 — 4
124 5-4 Int Carriers L.td 20o 3 104 94 104 + 4
374 294 Int Cement. 4 30 30 30
464 374 Int Harvester 60c. • 12 424 41 42 +4
94 44 Int Hydro-Elac (A). 7 74 74 74—4
6 34 Int Mercant Marine I 64 64 54 + 4
274 21 Int Nick Can (hiuc) 131 264 254 264 -4
194 104 Int Paper pf. 60s 144 144 144 —14
34 .14 Int Paper & Pw (B) 5 24 24 24
24 14 Int Paper & Pw (C). 1 2 2 2 +4
184 104 Int Paper & °w pf.. 4 144 144 144 -4
14 9 Int Print Ink.. 1 13 13 13
27 21 Int Salt 3 264 264 264+4
604 434 Int Shoe (2). 1 454 44 44 -4
454 34 Int Silver. 2 38 374 38 — 4
80 59 Int Silver pf (♦).... 210b 76 75 76 -4
174 134 lot Tel A Teleg. 34 144 144 144— 4
134 34 Interstate Dept St.. 10 134 114 134 +14
554 214 Int Dept St pf. 2 65 544 55 +34
66% 65 Johns-Mansvllle... 32 59% 58 69% +1%
77 62 Jones&Lagb 7% pf. 50a 71 71 71
9% 6% Kaufman D S k20e.. 2 9% 9% 9% + %
18V* 13% Kayser & Co (h25c) 2 17V* 17% 17%+ V*
30 20 Keith-Albee-Orp pf. 1 30 30 30
4% 2% Kelly Spring Tire.. 8 4 3% 4 + %
21V* 11% Kelvlnator 12%o... 55 20% 19% 20
80 65V* Kendall pf (16.92).. 20a 80 80 80 +2
23 18% Kennecott Copper.. 25 19% 19% 19V* + %
7% 2% Kresge Dept Stra... 1 6 6 6 +2%
40 19 Kresge Dep Strs pf. 10s 25 25 25 —4
22% 13% Kresge IS S) t»0c). 10 20 19% 19%-%
110% 101 Kresge (S S) pf (7) 10s 111 111 111 +%
32% 23V* Kroger G&B ttl%). 6 30% 30% 30%-%
60 42% Laclede Gas pf (6). 50s 54 54 54 +3
31% 22% Lambert CO (I).... 6 28% 28% 28%+%
14% 8 Lee Rubber <h20c). 2 12% 12% 12%-%
20 13% Leh Port Cement... 1 17% 17% 17%-1%
5 2% Lehigh Valley Ceal. 1 3% 3% 3%
21% IS Lehigh Valley R R. 2 18% 18% 18%
78 65% Lehman Corp (2.40) 2 74 73% 73 v*—1
20% 16% Lehn&Fink (2)... 2 19% 19% 19%+%
43% 34% Llbby-Ow U 111 1.20 28 37% 37 37% - %
20 17% Life Saver (1.60)... 1 19% 19% 19%
94% 74% Llgg & Myers B t6.. 8 88% 87% 88% +1%
140V* 129 Llgg & Myers pf<7) 1 140 140 140
21% 16 Lily TulinCupilVfc) 2 20 19% 20
19% 12% Link Belt (40c).... 3 18% 18 18%+%
33% 26% Liquid Carb (tM4>. 22 28% 26% 28%+%
34% 25% Loew s Ino (1). 44 32% 32 32% + %
3 1% Loft lno. 1 2% 2% 2%
2% 1% Long Bell Lum (A). 1 2 2 2 -%
44»* 38% Loose-Wiles <*).... 11 43% 41 43%+2
19% 15% Lorillard (P) 1.20., 8 17% 17% 17V4 - %
2% 1% Louisiana Oil.. 1 2 2 2 - %
21 15 Louie G&E A< 1V).. 3 18% 18% 18%-1
61% 48% Louls&Nashl hi %). 1 55% 55V* 55% + %
19% 15 Ludlum Steel. 2 17% 17 17%
4Vi 1* McCrory Stores A.. 102 4 3* 3* + *
4'* 1* McCrory Stores B.. 80 4* 3la 4 V* + *
211a 5 V* McCrory Stores pf. 35 24* 18*» 22'a +4
45'h 38* McIntyre P M tl*. 41 45 43* 45 +2
8* 4* McKesson* Rob... 173 8* 7* 8* + *
24* 11* McKesson* Rob pf 37 24* 21* 23*+1*
5* 1 McLellan Stores... 33 5 4* 6 + *
61 9* McLellan Strs pf. .. 3 49 48 48* + *
41* 33* Mack Truck (1).... 7 34 33* 33*-*
62* 52 Macy <RH)*Co<2) 2 53* 63* 63*+*
4* 2* Madison Sq Garden. 3 4* 4* 4* + *
19 15* Magma Copper h50e 1 17* 17* 17*
4 i% Mallison * Co. 1 3 3 3 »- *
8* 1* Manatl Sugar pf.... 10s 6* 5* 6* + *
19* 15 Manbat El mod *td. 8 18* 18 18
2* 1* Maracaibo Oil Exp. 6 2* 2* 2*-*
5* 4* Marancha Corp._ 2 5 6 5
9 5* Marino Mldld (40c). 6 8 7* 8 + *
2 * Market Street Ry.. 2200* 2* 1% 2* + *
6* 4* Market St Ry prpf. 3 10* 8 10*+4*
6* 6 Market Street Ry pf 850s 7* 5* 7*+2
3 1 Market St Ry 2d pf. 30s 4 2* 3 + *
32 21* Marlln-Rockwell<2) 2 29 28* 29 +1
18* 12* Marshall Fisld. 4 17* 17* 17* 4 *
6* 2 PaclOo Coast. 270s 6 6 5 - *
10* S* Pacino Coast 1st... 10s 9* 9* 9*+.*
S
Previous 2:15 p.m.
,—1934—. Stock and Sales— Net
High Low. Dividend Rate. Add 00. High. Low. Close. Chge
4044 324 Mathleson AlkU*) 2 35* 344 354 +4
42V* 30 May Dept S (1.60)6 414 404 414+4
84 4k Maytag Co. 2 8 8 8
27 10 Maytag pf ww.. 1 25 25 25 — 4
33 26 Melville Sho* (1.60) 2 31 304 304—4
11 64 Mengel Co. 2 74 74 74
40 314 Mengel Co pf.100s 314 314.314
30 16* Mesta Machine ;i)„ 4 264 254 264+ 4
64 44 Miami Copper.% 2 5 6 6 —4
144 114 Mid Continent Pet.. 8 124 124 124
214 124 Midland Steel Prod. 2 184 18 184 + 4
64 24 Minn Moline Pow... 22 44 44 44
14 4 Minn & St Louis...v 1 4 4 4
144 8 Mo Kan & Texas.... 5 12V* 12 12V4 + V*
344 174 Mo Kan A Texas pf. 19 294 28U 284 -14
6 3 Missouri Pacific.... 6 5 44 5 + 4
94 44 Missouri Pacific pf. 3 74 74 74
19V* 124 Mohawk Carpet.... 1 17 17 17-4
864 75 Monsanto Chem 14. 4 844 84 4 844 +14
354 214 Montgomery Ward. 178 324 314 324 + 4
484 37 Morrell (J) A Co(I) 1 44 44 44 -14
14 4 Mother Lode. 4 111
12 74 Motor Meter. 11 104 104 1074 -4
44*4 30 Motor Products..... 8 374 364 374 + 7-a
164 9 Motor Wheel. 11 144 144 144+ V*
144 54 Mullins Mfg. 1 13 13 13
34’k 124 Mullins Mfg pf..,.-, 60s 31V, 304* 314+14*
244 13»* Munslngwear Inc.. 3 247* 244 244 + 4
114 64 Murray Corp. 12 94 94 97* + 4
€24 23 Nash Motors <1)... 17 267a 264 264 -4
46 32 Nash Chat & St L... 10s 42 42 42 —2
84 44 Nat Acme Co. 10 84 « 84+4
134 74 Nat Aviation. 3 9 84 9
94 34 Nat Bella Hess pf..i 40 10>i 84 10 +1
497, 397, Nat Biscuit (2.10).. 48 434 42 434 +4
234 164 Nat Cash Reg (A).. 19 194 194 194 +4
174 13 Nat Dairy Prd 1.2#. 30 164 154 164 +4
24 1 Nat Dept Stores.... 27 3 24 27a + Vi
164 5 Nat Dept St 1st pf.. 1830* 184 16 184 +24
314 234 Nat Distiller*. 107 284 274 284 + 4
284 167, Nat Enam & Stamp. 1 274 274 274 — 4
107 1007, Nat Lead pf B < 6)... 3 108 108 108 +1
154 84 NatPwrALt (*0c) 21 124 12 124+4
24 14 Nat Ry Alex 1st pf.. 170s 2 2 2
58V* 484 Nat Steel (1). 7 49 484 49 +4
184 111, Nat Supply Co.....- 2 154 154 154— 4
184 154 Nat Tea (60c). 1 164 164 164— 4
13 6 Newport Industrie* 2 11 107a 11 +4
244 15 NY Air Brake. 1 194 197, 197,-4
45V* 314 N Y Central. 62 374 374 374 — V*
254 15 N Y Chicago A St L. 4 22 214 22
344 174N YCht&StLpf... 7 324 314 324 +4
139 108 N Y & Harlem (5).. 10* 129 129 129
1V4 4N Y investors.. 2 1 4 "a — 4
24 4 1 47* N Y N H A Hartfd.. 8 19'/* 184 19V* + Vi
874 237, N Y N H & H pf.... 6 32 314 31V, — 4
227a 114 N Y Shlpbldg (40c). 9 204 174 207a +24
88 737,N Y Shlpbldg pf(7). 50s 89 87 87 +1
98 82 N Y Steam pf (6)... 30* 92', 924 924
39'i 33V* Noranda (al 4).... 11 38V* 37V, 38V, + 4
181 161 Norfolk Wn (tlO).. 1 172 172 172 -5
84 44 North Am Aviation. 8 64 6 6V* + 4
257* 134 North Am Co(c5uc). 36 194 19 19 —4
43 34 North Amer pf (1).. 2 40* 404 404 + V*
354 217* Northern Pacific... 9 327* 314 327,+ 7a
414 34 Northwest Tel (3).. 20s 40 40 40
44 24 Norwalk Tire A Rub 14 4 4
37 35'* Norwlk T&P. pf 3*. 10* 35v, 35V* 35V*
15!* 124 Oh.o OH. 14 134 13V* 134+ 4
7 34 Oliver Farm Equip.. 3 64 54 54
274 12 Oliver FEqprpf A. 1 21'j 214 214
64 54 Omnibus Corp...... 1 54 54 54 + 4
144 74 Oppenheim Collin*.. 3 134 13V* 134 + 4
194 14% Otis Elevator (60c). 11 164 16 16% — 4
101 92 OtisEievpf (6).... 20s 98 98 98
8 4V»OtisSteel.. 8 64 64 64 + 4
25 9 Otis St*el pr pf 2 20 194 20 -4
94 784 Owens-Ill Glasa (I) 1 85 85 85 +4
64 2 Pacific Coast I'd.... 10s 64 64 64 + 4
37 234 Pacific Lighting (8). 1 35 35 35
34 264 Pacific Mill*. 2 294 294 294
64 34 Packard Motor. 109 5 4 5 4 64
24 IV. Panhandle Prod & R- 1 14 14 14— 4
54 14 Par-Publix ctfa.. •.. 44 54 5 5V*
354 24 Park & Tilford. 5 31 30 31 +1
64 34 Park Utah. 132 5 4 5 54 +4
2 1 Parmelee Transport 1 14 14 14+4
44 14 Pathe Exchange.... 22 34 34 34 + V*
214 104 Pathe Exchange A.. 11 184 184 184 + V*
214 174 Patino Mines. 6 194 19V* 194— 4
44 2 Peerless Motor..... 4 34 34 34 — 4
64 574 Penick & Ford (2).. 2 604 60 604 + Vi
674 614 Penney J C (12.20).. 3 664 66 664 + 4
74 34 Penn Dixie Cement. 2 64 64 64
394 29V* Penn R R (h50c).... 26 354 344 35 — 4
294 21 Peoples Drug(tlH) 3 29 284 284 -4
144 9 Petrol Corp (hnOc).. 2 124 12-4 124
184 154 Flicips Dodge*h2oc) 13 16 16 16
34 3 I’hila Rapid Tran.. 330s 4 3 4 + 4
64 44 Phiia Rap Tran* pf. 280s 94 6 94 +34
64 3V* Phila & Read C A 1. 7 5 44 5
184 114 Philip Morris (1)... 36 184 174 18 +4
184 15V* Phillips Pet h25o... 14 174 174 174 + 4
64 2 Pierce-Arrow. 24 54 44 54 +4
234 184 Ptllsbury Flour (1). 3 224 22 224 + 4
844 704 Pirelli Co A(a2.57). 1 834 83** 834
107* 7 Pitts Screw & Bolt* . 10% 10 10%
16% 12% Plymouth Oil (1). •• 7 15 14*4 14*4— **
144 9V* Poor& Co <B) . 4 124 12 12 +4
294 21 Postal Tel A C* pf.. 2 234 23 23
4iv* 36 Proctor & Gam 14.. 6 36'* 36 364
106 1024 Proc & Gamb pf (6) 10s 106 106 106 +1
IV* V* Producers & Refin.. 91 IV* 1 14+4
64 24 Prod & Refiner* pf.. 44 64 54 54 + 4
95 79 PubSvcN J pf <«).. 2 924 924 924 + 4
594 504 Pullman Corp (8).. 12 56!* 56 564 + 4
144 104 Pur* Dll. 19 124 124 124 + 4
80 584 Pure Oil pf * 10s 75 75 75
194 12V* Purity Bakerles(l). 6 16 154 154— 4
94 6V4 Radio Corp. 61 8 74 8
344 23V* Radio Corp pf (A).. 1 324 324 324 + 4
244 15 Radio Corp pf (B).. 21 234 224 234 — V*
44 24 Radio-Keith-Orph.. 15 34 34 34 + 4
14 84 Real Silk Hosiery. .• 1 114 114 114— 4
4'i 24 Reis (Robert) 2 34 34 34 — V*
314 134 Reis (Robert) 1st pf 3 28”, 284 284 + V*
134 64 Remington-Rand... 10 12!. 124 124
694 324 Rem Rand 1st pf... 2 69 69 69-1
54 34 Reo Motor Car 16 5 44 5+4
254 16 Republic Steel...... 47 224 214 22'-*
674 39 Republic Steel of... 11 614 60 614 + 4
21% 154 Reynolds Metals <1) 2 194 194 194 + 4
454 40 Reynolds Tob B (II. 38 41 404 404 — 4
10V* 4 Rossla Insurance... 9 8 74 8+4
66 44 Safeway Stores (1). 3 53 52 53 + 4
100 844 Safeway Stre pf (<) 60s 99 974 974 — 4
1074 984 Safeway Strs pf (7) 30s 1054 1054 105'* — 4
274 21V* St Joseph Lead. 7 224 224 224 — V*
41* 24 St L-San Francisco. 1 34 34 34 — V*
5 24 St L-San Fran pf... 5 44 44 44
25 204 St Louis Southwn pi 10s 26 26 26 +1
344 264 Schenley Distiller*. 484 354 324 344 +14
8 34 Schulte Retail Str*. 8 64 64 64 — 4
30 15 Schulte Ret Strs pf. 60s 25 25 25 — 4
2 1 Seaboard Air Line.. 2 14 14 14+4
87 254 Seab'd Oil(Del)t70o 2 354 35 35 +4
44 24 Seagrave Corp.■ 1 44 44 44 +4
61V* 404 Sears Roebuck..... 21 484 474 474 — V*
2 1 Seneca Copper.... .• 1 14 14 14
74 44 Servel Inc... 110 64 6V, 64
Previous 2:18 p.m.
.—1934 —. Stock and Sales— Net
High. Low. Dividend Rate. Add Op. High. Low. Close. Chge.
7% 4% Sharp Sc Dohme. 7 7% 6% 7% + %
13% 6% Shattuck (FH) 24c. J 4 12% 12 12% + flr
11% 7% Shell Union OH. ...-> 7 10% 10% 10%—%
24% 17 Simmons Co.it 3 20% 19% 20% +1
11% 9 Simms Petrol <25c). 1 9% 9% 9% — %
11% 7% Skelly Oil. 2 10% 1S% 10%+%
38 23% Slose-Sheffleld pf... 20s 32 32 32
15 6% Snider Packing..._ 4 13% 13 13%+%
19% 18% Socony Vao <hl5c). 60 17% 16% 16%-%
99 86 SolvAm pf ww6%. 1 97 97 97 - %
39% 32% Sou P Rlc Sug 2.40.. 6 33% 32 32 -1
22% 15% South Cal Ed (2)... 8 18% 18% 18%+%
33% 18!aSouthern Pacific.... 60 28% 27% 28%+ %
36% 23% Southern Railway.. 43 33% 32 33% +1
40% 27% Southern Rallwy pf 7 37% 36% 37% + %
8 3% Sparks-Wlthlngton. 2 6% 6% 6% — %
4% 2 Spear & Co. 60s 4% 4 4% + %
10% 8% Sperry Corp.> 78 10% 9% 10 + %
31% 21% Spicer Mfgpf (2)... 10s 28% 28% 28%-%
40% 19 Splegel-May-Starn.. 13 42% 39% 42 +3
25V* 20% Standard Brands(l) 29 21% 21% 21%—%
8 4 Stand Com Tobacco. 35 7% 7% 7% + %
17 6% Stand Gas* Elec... 5 13% 13 13%
17 7% Stand G Sc E pf..... 1 13% 13% 13%-%
42% 37V. Stand Oil of Cal(l). 9 38% 38% 38%+ %
104% 96% Stand Oil Exp pf (5) 1 104% 104% 104% + V*
38 33% Stand Oil of Kan(2) 5 38 37 38 +1%
50% 44% Stand Oil N J (1)... 38 45% 44% 45 + %
12% 6 Starrett(LS) 1 11 11 11 - %
68 47% Sterling Prod (S. 10) 5 54% 54 54% + V*
3 1% Sterling Secur (A).. 8 2% 2% 2%
10% 6% Stewart Warner.... 14 9% 9 9% + %
131* 6 Stone & Webster.... 4 10V« 8% 10%+ %
9% 4% StudebakerCorp...i 54 7% 7% 7% — %
47 19% Studebaker Corp pf. 1 35 35 35 — %
61% 51%Sun011 (11).. 2 58% 58% 58%-%
3 1% Superior Oil. 1 2% 2% 2% + %
29% 23% Texas Corp (1). 8 27% 26% 26%+%
43% 37% Tex Gulf Sulph (2). 3 37% 37% 37%-%
4% 3% Tex Pacific C & Oil. 3 4 4 4 + %
9% 6% Tex Pacific Land Tr 12 8 7% 8 + %
9% 5% Thermold Co. 11 6% 6% 6%
11 7% Thompson J R (1).. 2 9% 9% 9% + %
20% 13% Thompson Product* 3 18 17% 18 + %
5% 3 Thompson Starrett. 5 4% 4% 4% — %
11% 8% Tide Water Asso... 11 11% 11% 11% - V*
74% 64% Tide Water Asso pf. 4 75 74 75 + %
7% 3% Timken-Detrolt.... 12 6% 6% 6% + %
41 29% Timken Bearing 60o 8 36% 35% 36V*
8% 6% Transamer hl2 %c.. 8 7% 7% 7% — %
13% 8% Transue & Willlama 1 11 11 11 — %
6% 4% Trt-Contl Corp. 26 5% 5 6 — %
40 33 Trico Product* 2%.. 1 36% 36% 36%—%
9% 4% Truscon Steel.. 3 8 7% 8 + V*
4% 1% Twin City RT. 3 4 4 4 + %
18% 6 Twin City RTpf... 160* 19 18V* 18%+ %
60k 43V* Union Carb ft C (1). 35 44k 43k 44 +k
20k 16** Union Oil Calif (1). 7 17k 17 17k t- V*
133 110k Union Pacific («)... 1128 128 128
37k 17k Unit Aircraft. 60 24k 23k 24k + k
17 10 Unit Am Bosch. 10s 12k 12k 12k + k
27k 23 Unit Biscuit (1.60). 13 25k 25 25k
40k 35 Unit Carbon (1.72).. 4 38 374* 38
8k 4kUnltCorp. 53 7 64* 6)*— k
37k 24k Unit Corp pf (*)..« 17 33k 32k 33
15k 9k Unit Drug.. 27 14k 13k 14V* + k
62 59k Unit Dyewood pf (7) 20s 65 65 65 +3
69 59 United Frult(t2V4). 3 66 65k 66
20H 14k Unit Gas ft 1 (1.20) • 20 17k 17 17k
94k 86 Unit Gas ft 1 pf (5). 1 94k 94k 94k + k
13V* 7 Unit Piecs Dye Wke 1 11 11 11 - k
lk HUS Express. 1 k k k
15V* 8k U S & Forn Secur... 1 12k 12k 12k
50k 39k U S Gypsum (1).... 3 40k 40k 40k
121k 115 U S Gypsum pf (T)- 10s 125 125 125 +6V*
64k 52 U S Ind Alcohol.... 3 54 53k 54 + k
Ilk 8k US Leather. 2 10 10 10 - k
19k 14 US Leather (A).... 1 16k 16k 16k + k
33 18 U S Pipe & F (60c)., 8 27k 27k 27k + k
19k 16k U S Pipe&F 1st 1.20. 3 19 18k 18k — V*
12k 7k U S Realty ft Imp.3 10k 10k 10k
21k 14k US Rubber. 47 20k 19k 20 + k
48 24k U S Rubber 1st pf.. 16 45k 44k 45k + k
135k 96k U S Sm RftM (t4k) 58 122 119 121k +3
59k 46 US Steel. 100 53 51k ,52k
99k 88 U S Stool pf (2).... 3 92k 92 92 — k
5k 3k United Stores (A).. 5 4k 4k 4k
47 40V* Unlv Leaf Tob (2).. 32 47k 45k 47 +1
33 16k Unir Pictures 1st pf 10s 35 35 35 +2
3 lVi UniT Pipe* Rad... 2 2k 2k 2k - k
5k 2k UtilPwr&Lt (A).. 1 4k 4k 4k
lk 1 Vadsco Sales Corp.. 2 lk lk lk
31k 21 Vanadium Corp.„ 3 27k 27k 27k— k
31k 24k Vick Chem (t2.10).. 1 30k 30k 30k
5k 3k Va-Car Chemical... 2 4k 4k 4k *
26 14k Va-Car Chem 6% pf 1 20 20 20
73 59k Va-Car Chem 7 % pf 1 72 72 72
78 65 VaElec&Pw pf (6). 10s 71k 71k 71k — T*
79 62 Vulcan Detin (h3).. 60s 72k 72k 72k
6k 3k Wabash pf (A). 2 6 6k 6 + k
8k 5k Waldorf System.... 3 7k 7k 7k
'26k 17k Walgreen Ce (1)..- 2 24k 24 24V* + V*
6k 2k Walworth Co.. 15 5 5
3k 2k Ward Baking (B)..* 4 3k 3 3
8k 4k Warner Bros Piet.. 10 6k 6k 6k
3k lk Warner Quinlan.... 2 2k 2k 2k + H
13k 9k Warren Broe. 4 Ilk Ilk Ilk + k
24k 16 Warren Bros ct pf. 200s 21k 20k 21k+lk
2k 1 Wells Fargo. 100§ lk lk lk
27k 15k Wesson O & S (-60c) 1 26k 25k 25k + V*
70k 51k West Pa Elec pf (7). 20s 65 65 65
95 78k WestPaPwrpf (6) 100s 92k 92k 92k + k
6k 3 Western Dairy pf A 1 4 * 4k 4k + k
2k lk Western Dairy pf B 6 lk lk lk — k
17k 8k Western Maryland.. 2 15k 15k 15k
7k 2k Western Pacific... _ 3 6V» 6k 6k — k
13k 4k Western Pacific pf.. 11 12k 12k 12k + k
66k 51k Western Union..... 7 57k 55 56k + k
36 26k Weatlngh'se A B(l) 11 31k 30k 30k - k
47k 35k Westinghouae Elec. 10 39k 38k 39
27k 14k Westvaco Chi (40c) 4 23k 23 23k — k
28k 24 White Rock M S(2). 1 27k 27k 27k - k
3k lk White Sew ing Mch.. 1 2k 2k 2k — Vi
5k 3k Wilcox Oil ft Gas... 8 5k 5 5k
32 27k Wilcox Rich A(2%) 1 32 32 32 +2
8k 4k Wilson ft Co.. 2 7k 7 7V» + k
22k 12k Wilson & Co (A).... 5 20k 20k 20k + k
76k 53 Wilson & Co pf..... 1 73k 73k 73k + k
53k 41V* Woolworth (2.40).. 20 51k 50 51k + k
31k 21 Worthington Pump. 1 26k 26k 26k— k
75 16k VVrtght Aero. ... ... 90s 59k 57k 58k -flk
61 54k Wrigley W Jr(t3ft) 4 59k 59k 59k - Vi
7V* 4Vi Yellow Truck. 19 6 5’i 6
46 28 Yellow Truck pf..„ 20s 42>* 42>x 42',i — Vi
33*« 21Vi Youngstown S A T.. 8 28»t 28 28V» + H
4V* 3 Zenith Radio. 2 3Vi 3H 3*i - Vi
7Vi 5V« Zonlte Products.... 182 7Vs 7 7V» + V*
BIGHTS. Expire.
2Vi 1V«NY Central..May 10 101 2H 2*i 2Vi + Vi
Sales of Stocks on New York Exchange.
11:00 A.M. 300.000 12:00 Noon. 550.000
1 P.M. 740.000 2:00 P.M.. 870.0000
Dividend rates as tlven in the above table are the annual
casn payments based on the latest quarterly or half-yearly
declarations.
s Unit of tradlne less than 100 shares. tPartly extra.
JPlus »'* in stock, a Paid last year—no reaular rate, b Pay
able In stock, c Plus 1 % In stock, e Payable in cash or stock,
d Plus 5?« In stock. f Plus SI In soecial preferred stock,
h Paid this year. 1 Plus scrip, x Xx-dlvldend.
NEW PUN BARED
FOR ALLEGHANY
Van Sweringens Propose
Exchanging 1950 Issue
for Preferred.
BY CLAUDE A. JAGGER,
Associated Pre&s Financial Editor.
NEW YORK. March 16.—Those
extraordinary wholesalers of railroads,
the Van Sweringen brothers of Cleve
land, have launched a new plan in
their campaign to hold intact their
corral of iron horses.
The defection oi the Missouri Pacific,
which placed itself under the Federal
court for reorganization last May, cut
off most of the income available for
interest on the $24,532,000 of 5 per
cent bonds of 1950 of the Alleghany
Corporation which at the nub of the
Van Sweringens’ extremely complicat
ed structure of holding companies.
In a letter to holders of these bonds,
mailed last night, O. P. Van Sweringen,
as president of the corporation, asks
! them to take new shares of preferred
| stock In lieu of inetrest on these bonds
coming due from next October 1 to
April 1, 1939.
He discloses that another loan of
$550,000 has been negotiated with the
bankers to meet the coupons coming
due next April 1, as was done to meet
the last October 1 coupons. But be
fore the next October interest date, the
bondholders are asked to accept a
readjustment plan for the bonds, to
' prevent a default which might lead
to liquidation of Alleghany’s invest
ments at sharply depressed values.
The annual report indicates that the
present market value of Alleghany’s
investments is somewhat less than the
face value of the three bond issues,
so the new preferred stock will have
no immediate asset value, and It is
explained that dividends for the new
stock are not now in sight.
Nevertheless, the new stock will ac
cumulate dividends at the rate of
$2.50 annually until such time as they
may be paid, and each share will be
a prior lien of $50 and accumulated
dividends against such asset values as
may exist after provision for the bonds.
Holders of the 1950 bonds are In effect
asked to swap 10 *25 semi-annual
coupons, or $250 worth, for 5 shares
of the stock.
Also, the bondholders are given an
opportunity to participate in any
marked appreciation of the company's
assets, if it should occur through &
restoration of railway earnings, or
through Inflation, by a chance to con
vert coupons into common stock at the
rate of $5 a share, and bonds Into
stock at the rate of $10 a share. The
common stock now has no asset value,
on the basis of current market values
of the company’s investments, al
though it closed in the market yester
day at $3.50.
ERIE REPORT DISCLOSES
HELP FROM LOAN POOL
By the Associated Press.
NEW YORK, March 16.—The Erie
Railroad’s report for 1933 shows that
the road borrowed $4,030,000 from
the Railroad Credit Corporation. The
last loan, $1,500,000, was obtained on
May 1, and the remainder in 1932.
The corporation was formed to ad
minister a loan pool financed through
freight surcharges effective from Jan
uary 2, 1932, to March 31, 1933. The
Erie earned $2,174,744 from the sur
Freight Loadings
Rise 8,265 Cars
From Last Week
By the Associated Press.
The American Railway Association
announced today that loadings of
revenue freight for the week ended
March 10 were 612.402 cars, an in
crease of 8,265 over the preceding
week. 171,041 above 1933 and 36,921
above 1932.
Miscellaneous freight loaded dur
ing the week of March 10 was 216,
442 cars, an increase of 10.513 above
the preceding week, 75,591 above 1933
and 39.956 above 1932.
Less than carlot merchandise. 166,
386, an increase of 3,989 above the
preceding week and 11,732 above 1933,
but 18.736 below 1932.
Grain and grain products, 29.748.
an Increase of 650 above the preced
ing week, 11,534 above 1933 and 2,553
above 1932.
Forest Products. 22.852. an increase
of 1,322 above the preceding week,
9,423 above 1933 and 3,885 above
1932. I
Ore, 3.393, an increase of 747 above
the preceding week, 1,599 above 1933 J
and 1,148 above 1932.
Coal, 151,494. a decrease of 6,220
below the preceding week, but an
increase of 54,622 above last year
and 10,042 above 1932.
Coke, 10,004, a decrease of 698
below the preceding week, but an in
crease of 5,365 above 1933 and 28,878
above 1932.
Live stock, 11.993. a decrease of
2,038 below the preceding week, but
an increase of 1,175 above 1933 and
a reduction of 4,805 below 1932.
All districts reported increases for
the week of March 10 compared with
the corresponding week in 1933 and
all except the Central Western dis
trict reported increases compared
, frith MIS. _ x
S
MS IMPROVE
IN MDING
Prices Steady After Brief
Wave of Selling in
Opening Hour.
Much sober thought was given to
the motor strike situation and the
possibility of difficulties in this In
dustry spreading to other lines. Word
that labor leaders had tentatively set
Monday for a general walkout In the
automotive centers did not create any
exceptional stir.
BY VICTOR EUBANK,
Associated Press Financial Writer.
NEW YORK, March 16 —Quiet ral
lying forces predominated in today’s
market. Following slight easiness at
the opening, the list tended to work
gradually higher into the late deal
ings. U. S. Smelting rose more than
3 points and advances of 1 to around
2 points were shown by Douglas Air
craft, Chrysler, Scheniey Distillers and
Western Union. U. S. Steel and Santa
Fe improved fractionally. Transfers
approximated 1,300.000 shares.
The close was firm.
Overnight consideration of Secre
tary Mogenthau’s remarks, which Im
plied that the administration was
inclined to view coldly the campaign
for silver assistance, found the fol
lowers of the non-ferrous metal stocks
still rather confused. Some of the
recoveries in this group were attributed
partly to short covering.
The treasurer’s statement, in the
opinion of various analysts, was really
optimistic in tone in the sense that
it implied that general business was
so good that further experiments with
the monetary system were not neces
sary at this time.
Interest was expressed in the an
nouncement that Speaker of the
House Rainey, in the face of adminis
trative opposition, will permit a record
vote Monday on the two silver meas
ures which were introduced recently.
While labor problems held the at
tention of Wall Street, almost to the
exclusion of N. R. A. activities, work
on the Stock Exchange control bill
and business reports, confidence was
expressed that Government interven
tion would prevent any serious strike
at this time. Veteran traders also
recalled the aged admonition "never
sell stocks on strike news." It was
admitted, though, that these are dif
ferent times.
There are some Indications that the
major rate of industrial activity might
show signs of leveling off, in view of
the mixed sentiment prevailing.
Earnings
By the Associated Press.
NEW YORK. March 16.—Vanadium
Corporation of America reports net
loss in 1933 of $903,560 after charges
and inventory adjustments compared
with net loss of $1,651,959 in 1932.
Lerner Stores Corporation report
consolidated net profit in 1933 of
$1,108,141 after fixed charges equal
to $39.29 a share on 28.200 shares of
6*2 per cent preferred stock on which
there is an accumulation of unpaid
dividends. After allowing for only
the regular annual dividends on pre
ferred stock, the balance is equal to
$4.62 a share on 200,000 shares
common.
United Biscuit Co. report* net
profit of $1,014,802 in 1933, equal,
after preferred dividends to $2.03 a
share on 450.325 shares outstanding,
compared with net profit of $908,357
or $1.79 a share in 1932.
Consolidated net earnings of W T.
Grant Co. and subsidiaries for the
fiscal year ended January 31, 1934,
were the second largest in the com
pany's history and sales exceeded
those of any previous year. Earnings
were $3,347,175, equal to $2.80 a share
on the capital stock, compared with
$1,612,076. or $1.34 a share in 1932.
Sales in the last year totaled $78,
206.119 against $73,086,856 the pre
vious year, a rise of 7 per cent
BROKERS’ LOANS GAIN
79 MILLIONS IN WEEK
By the Associated Press.
Loans to brokers and dealers held
by weekly reporting New York City
member banks amounted to $923,000.
000 during the week ended March 14.
the Federal Reserve Board reported
today, representing an increase of
$79,000,000 for the week.
Loans for the week ended March
15, 1933, were $388,000,000.
NAMED UTILITY RECEIVER.
WILMINGTON, Del.. March 16 UP).
—Elwyn Evans of Wilmington, yes
terday was appointed receiver for the
American Electric Power Corporation,
which controls, through stockholder
ship. the Pennsylvania Gas & Electric
Corporation, the Sioux City Gas &
Electric Co., and other subsidiaries in
Iowa and Pennsylvania.
—-•
SHORT-TERM SECURITIES.
(Reported by Chas. D. Barney & Co.)
Bid. Offer.
A!lis-Chalmers Co. Rs 19.37. 97% 98
Amer. Beet Sugar 6s 1935. 93% 96
Am Tel. A Tel. 5%s 194.3.. 109% 110
Atlantic Refining 5s 19.37.. 105% .
Bethlehem Steel 5s 19.36.. 102% 102%
California Packlne 5s 1940 99 99%
Canad. Nor Ry. 4%s 19.35. 102% 102%
Ches & Ohio Ry 5s 19.39 . 107% 108%
Chi. Gas Lt A Coke 5s 19.37 104% 104%
Chi. Northwest. 6%s 19.36. 97% 97%
Colorado A- So. 4%s 1935. . 97 97%
Commercial Cred. 5%s 19.35 102 102%
Delaware Hudson 6s 1935. 102% .. .
Den. At Rio Gr 4%s 19.36.. 63% 56
Edison El. Ilium. 4s 19.30... 103*, .....
Gen Pet. Corn 5s 1940. .. 105% 105%
Gen. Pub. Service 5%s 19.39 89 90
Gotham Silk Hos. 6s 19.38 94 95
Grand Tr. Canada 6s 19.36. 105% 106
Great Northern Ry. “s 1936 99 99%
Illinois Central 6%s 1936. 101% 101 %
Inti Tel. & Tel }%s 19.39. 68% 70%
Keystone Telephone 5s 19.35 74% 79%
Lake Erie * West. 5s 1937. 97% 100
Louisville A Nash 5s 1937. 104% ...
Mich Cent R. R. 4s 1940 97% P9%
N. Y Cent. R R 6s 19.35 . . . 98% 98%
N. Y.. Chi At St L. 4s 19.37. 97% 971,
Ohio River R R. 5s 1936. . 102 . .
Penna. R R. Co 6%s 1936. 106% 106%
Portland Gen. El 5s 1P35.. 94 98%
Pure Oil Co. 5%s 19.37... 99% 99%
Rep Iron At Steel 5s 1940 . 98 100
Sinclair Cons. Oil 7s 1937. 104% 104%
Onion Oil Calif. 5s 1935. 100% 100%
Wabash Ry. Co. 5s 1939... 88 89%
Market Averages
At the Associated Press.
STOCKS.
60 20
Indus. Ralls
Today. 1 p m. o.vo 60.:»
Previous day.
Week iko . .
Month ago . .
Year ago ... —_„
3 years sao. . 201.7 141.1
7 years a*o.. 107.0 110.1
Hilh 119H4). 90.3 93.8
Low (1934).. M.3 77.S
High (1933). 113.7 P« 9
Low (1038):. .81.1 43.0
High (1983). 111.0 73&
Low (1932).. #1.8 850
!_ „ to 00
Indus Ralls. Util Total.
Today. 1 pm. 81.2 87.5 88.4 85.7
Previous day. 81.1 87.8 88.4
Week ago .. 80.2 8fl.« 87.0
Month ago , . 80.2 87.2 87.3
Year ago ... 81 0 61.4 78 3
2 yeara ato. . 00.8 74.0 84.7
3 yeara ago.. 87.8 102 2 lOn.O i
righ (1934). 81.1 87.8 8£.4
Low (1934) . 7 '
High (1933)
Low (1033).
High (1032)
Low (1933)
(1920 syerass equals 100.)
(Ospyrlsht 1984. Otd. StaUstlci Oo.)
I • _

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Evening star. [volume], March 16, 1934, Page A-12, Image 12
About Evening star. [volume] (Washington, D.C.) 1854-1972