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Evening star. [volume] (Washington, D.C.) 1854-1972, May 12, 1936, Image 19

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Persistent link: https://chroniclingamerica.loc.gov/lccn/sn83045462/1936-05-12/ed-1/seq-19/

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SPECIALTIES RISE
;ON CURB MARKET
Few Manage to Make Good
Advances in Generally
Steady Trading.
' B.v the Associated Press.
NEW YORK, May 12.—A few spe
cialties managed to step to the fore
for good advances in a generally steady
curb market today.
■ Pittsburgh Plate Glass was ahead
nearly 3 points at the beginning of the
final hour, while gains of sizable frac
tions to around a point were recorded
for Newmont, Aluminum Co. of Amer
ica and International Petroleum.
A bit lower were Humble, Cord,
Slectric Bond & Share and Wright
’ Hargreaves.
' -•
Daily Oil Output
Records Increase
Of 43,731 Barrels
.8y the Associated Press.
TULSA, Okla., May 12.—The Oil
’ and Gas Journal reported today an
increase of 43.731 barrels daily in the
production of crude oil in the United
States for the week ending May 9.
Total production for the Nation was
2,962,372 barrels daily, compared to
2,918,641 the previous week.
Oklahoma reported an increase of
5.825 barrels daily for an average of
537.825, and East Texas showed a boost
of 1,852 barrels to a total of 547,739.
For Texas as a whole the daily pro
duction for the week was 1,170,712
barrels, an increase of 5,242 barrels.
Kansas production dropped 7.425
t barrels daily to a total daily average
Of 144,200.
California had a sizable increase of
22,400 barrels daily for an average of
853,900, while Louisiana increased
3,268 to 219,205 barrels.
Eastern fields, including Michigan,
increased production 4,041 barrels,
making the daily average 142,195.
374 BANK INSOLVENCIES
ENDED SINCE HOLIDAY
lav the Associated Press.
The controller of the currency, J. F.
* T. O'Connor, reports 374 receiverships
of national banks have been closed or
restored to solvency since the bank
[ ing holiday of 1933, with total dis
bursements to depositors and other
creditors of $104,148,000, an average
return of about 75 per cent of total
liabilities. Liquidation of 11 receiver
ships was completed last month.
BONDS ON THE
CURB MARKET.
v r.
DOMESTIC BONDS.
High. Low. 1PM.
Alabama Pw 4*jS 07_80 80 80
Alabama Pow 5s 1*»412 1<'4 104
Alabama Pow 5s ‘.il-- 5>Hj8 MS*5* 00*8
Amer G&E :>s *JoU8_l*'*1* 107*2 107*2
Amer P & L tis 'JOHS.. M75s 07*2 07*2
Am Roil Mill ;>s 1043* 1**4*-* 1**4**
Am Seating Rs Hi st__ 1RH3* 1UH3*
Appaleh Pow 5s .>*•__ im>*4 l<ni>4 10«*4
Aikans P k L :>s •50_. 100*2 100*8 loo*4
A.sso El Ind 4*.s o-»_. 5t>34 .>R34 5R3*
Asso G&E 4*25 40 C__ OR OR OR
Asso G A. E’ 5s ’.">«»_ 08* 8 OH 08*8
Asso G A E 5s '(>8._ 38 38 38
A*so Rayon 5s 50_ 85 85 85
Asso TAT o'~2s A 55_837, X37, 837,
Atlas Ply 512s 13_ 9934 !'!>-*» 9934
Bel Tel Can 5s B 57.. 110 110 110
, Brmngm El 4'2s 'os__ til 91'a 91
Canadian Pc ns '41.. Ill 111 111
Cent 111 PS 4'2S P 07.. SIX', 98 98',4
Cent 111 PS os G 08.. mi3, lnl3, lol3.
Ceil 111 PS 4'iis H '81._ 98'2 98':, 98'2
Cent Pw A Lt 5s 50._ ss 8734 8734
Cn St El 5'.is C '54__ 03', 03 03
Cut St PAL 5'2s '53_053, 05s, On3.
Cities Sen ice 5s '5o._ J#», 70 703,
C:t Srv Gas o'.s '41.. 1<*U7* loo5, mo3a
Cit S v Pw 51s '51 __ Tl'a 71 7118
Cit Srv PL 5'2s '49__ 71U 71'8 71'8
Com Edis 5s A '53 __ 1 1113, llo3, lin3,
Comnty PAL 5s 57__ 7 0 * 2 7o'j 701 _t
Cant G A E 5s A 5s__ S8»« 88'.. ss>a
Crucible Steel 5s 4o_. loo3, 1033 a 103J«
Dallas P L Os A 49._ 1003, lUO3, 1003,
Det In Brd 0'2s 51— 0 0 0
Elec PAL 5s A 1030.. 84 83'2 84
t Emp Dist El 5s 51_loo3, lno',2 loo'i
Emp O A R 5',2s 41.. 85 85 85
Firestone C M 5s '48. . 103'a 103'i lll.'l'i
Florida PAL 5s '54.. . 917, 91 *2 ill7,
Gary E A G os xw 04. 93»a 93Va 93'a
Gatineau Pw 5s '50_ 97'2 97',4 97'2
Gen Pub Ser 5s '53 ... loo 100 100
Gen Pb Ut 0'2s A '50. 8474 8434 x434
Gen WCAE 5s A 43.. 88 X77» 88
Georgia Pw 5s 07_ tiii>4 99 091,
Glen Alden C 4s 05_ 87's 87'4 87'2
Ho GG 0'2S 43 ww_ 98 98 98
111 Pw A L Os A '53... 10434 3043a 1043,
III P A L 5>2s B '54— 10134 1013, 10134
111 Pw & L 5s C '50_100 till34 9934
Ind Elec Os A 47_ 9X'2 !I8'2 98'2
I'ld El 0'2s B 53_100's 10o>8 100',
Ind El 5s C '51_ S97a 89>2 89'2
Ind Gas 5s A 51..._ 93 93 93
Indiana Ser 5s '50_ on HO 00
Indnp PAL 5s A 57_105', 10.4'i 105',
* Intern Sc Am 5s '47_ 9U'a 99>4 99',
Intersta Pw 5s 57_ 77‘/2 77’a 77'2
Imersta Pw Os '51_ 71 71 71
Iowa-N LP 5s '57 A . Inn 100 100
Jacksonvl Gs 5s st '41 _ 4934 4934 493,
Jers CPAL 4'2s C 01. In5*,« 105',4 105'4
Ken Util 1st OS '09_ <131, 93 o;|l2
Ken Util 0'-2s D '48. ._ ]o5>4 lo.5'4 105'4
Koppers CAC os 47_I04'.a 104',2 104',a
Lehigh P S Os 1070_111', 111', 111',
L* P„\ L A,s - 105'.2 1053, 1053,
Manitoba Pw o'2s 51. xo34 8034 8(l34
Milw GAE 412s '07... 1 04', 101', 104',
Minn OALt 4'2s 'oil_loo3, 1ii3'2 in.'!3,
Minn PAL 4'2s '78_101'4 101 mi
Miss Power 5s '55_ 88 87', 88
Miss Pw A Lt os '57.. 93', 93'4 031.
Miss Riv F Os 44 ww. loo34 loo‘4 loo34
Mo Pb Sv 5s A '47_ 01'4 04'4 04'4
Munson S3 O'is '37... 53, 6', 5*,
Narragansett os A '57 ino'4 in.')', lo.'t1,
Narraeansett 5s B '57. lii3'a 1031, 103'*
Nass A Sut L os 4o_103s, 103s, ]033,
Nat PAL Os A 1010_lno'2 100'. 100'.
Nat PAL ns B 1030_ S73, 873« 873i
r o i n COQ *_ .V? ”>'2
2eb ?" iV.5 'Ri- — 109% 109% inn34
Nevada Calif .is ’56 __ 93% 93% <ci3i
New Amst Gas is '48. 112% 1123* I I;'3*
.New Eng G A: E is '47 68 % 68% 68%
New Eng G Ac E is 48 H734 67% 67%
•New Ene G Ac E is '50 68 68 68
New Ena Pow is '48.. 95 95 95
New Ena p s%s 54'_ 98% ns ns
N V St E G 4%s '50— 10:1*4 ln;7« 102%
Nor Ind P S 5s C 68.. 104 104 104
3tRt I, f>'3S„'40-104% 104% 104%
Nirlhw El 6s 3a st_102% 192% 10“%
Northw P 6s A 60_ 64% 64% 64%
Norw P S 5s A '57- 100% 100% 100%
Ogden G 5s '45_106% 106 106
Ohio Edison 5s '66_ 166 106 106
Ohio P S Hs C '53- 109% 109% 109%
Pac G A: E 65 B '41_ 120 120 120
Pac Pow Ac L 5s '55- 82% 82% 82%
Penn Elec 4s '71 F-100 100 100
Penn Power 5s '56-106 105% 106
Peop G L 4s B '81_ 97% 97% 97%
Peop L Ac P 6s '79- 11% 11% 11%
» Phtia Elec 5s '72-111% 111 111
Phil SGE 4%s '57... 107 107 107
Pied N R 5s A '54_ 106 106 106
IP- Ptt.tS Coal 6s '49_106% 106% 106%
rot Edis 5s E '56 __ 106% 106% 106%
Pow Sec Corp 6s 49._ 99 99 99
Pub Ser 5%s A '49.. 102 102 102
P S N 111 5s '56 .. 110 110 lin
Pr 8 PL 5%s A '49.. 90% 90% 90%
Pug 8 PAL 5s C '50__ 87% 87% 87%
Rorh Cn P 5s A '53.. 83 83 83
Sat* H Wa 4%s ’79.. 106% 106% lOR3*
S Joa LP 6s B '52_ 127 127 127
Scripps 5%s '43 ._ 102% 102% 102%
Sh W&P 4%s A ’67.. 10.3% 103% 103%
Sh WAcP 4%s B '68.. 103% 103% 103%
SE PAcL Os A 2025 106 105% 106
SOU Calif Ed 3%s '60._ 103% 103% 103%
» So Cal E 3%s B '60.. 103% 103% 103%
Sou In GE 5%s '57— 107% 107% 107%
Sou Ind Ry 4s '51... 73% 73 73
South N O 6s '44 ... 103% 103 103%
SW Pub Svc 6s A ’45.. 102 101 101%
«« G A- E Rs '51... 67 67 67
G Ac E Hs ’66... 66% 66 66
Inves 5%s '39... 101 101 101
P A L 6s ’57— 64% 64% 64%
Sup of 111 4%s ’70 ... 104% 104% 104%
Tenn Pub Ser 5s ’70... 102% 102V, 102'/,
Texas Elect 5s '60_102% 102% 102%
«m P A L 5s ’56 ... 105% 105V, 105V,
Tide W Pw 5s A '79_100% 100% 100%
Toledo Ed 5s '62 _106% 106% 106%
Twin CR 5%s A '52... 80% 80% 80%
Unit L & P 6s '75 ... 87 87 87
tin L S R 5%s '52.__ 87% 87% 87%
Ho L * Ry 6s A 52... 110% 110% 110%
Va Pb S 5%s A '46___ 98% 98% 98%
Ta P Serv 5s B '50 _. 94 94 94
Wash W Ac P 58 '60... 106% 106% 106V,
West New De 6s '44—. 55% 55% 55%
west Penn 5s 2030 ini ini 101
. West Pa Trac 5s '60... 106% 106% 106%
Wes Tex U 5s A '57... 92% 92% 92%
Wise PAL 5s F ’58_103% 103% 103%
FOREIGN BONDS.
§uen AP 7%s ’47 st._ 663* 65% 6534
uban Tel 7%s A 41.. 08V, 97% 97%
Danzig Por 6%s ’52.. 71% 71% 71%
gurop Mtg 7s C '67t_. 3.3% 33% 33%
er Con Mun 7s 47.. 21% 21% 21%
J«1 Su Pow 6s A '63_ 49 49 49
Pied Elec 6%s A '60.. 54% 54% 54%
Rio de Jan Otis 59 — 15V* 15% 15%
Ruhr OC 6%s A '53.. 26% 26V* 26%
Bonnes 4s '36 stp_ 65 65 65
■ww—With warrants, xw—Without war
rant*. n--New. wl—When issued. *t
"p**ff»egottablUty’ Impaired by maturity.
tCompanies reported in receivership.
NEW YORK CURB MARKET
By private wire direct to The Star.
Stock and Sale*—
Dividend Rate. Add 00. Hieh. Low Cloae
Ainsworth <al4)- 1 ♦O'* ♦O'* ♦O'*
Air Investors Ino. 13 3 3
Air Inv Ino war... 3 M 4 4
Ala Groat South’n 25s 404 40V* 404
AlaPwrpf(B)_60s 624 62 624
Alabam Pw pf (7) 10s 69V* 694 694
Alum'n Co of Am 150s 116 11541154
Alum’n Ind MOc). 60s 134 134 134
Am Cap pf (a50c). 1 324 324 324
Am Cities P&L
(A) (31_100s 464 464 464
Am City P&L (B). 1 54 54 54
Am Cynam B 60o_ 5 36 344 344
Am & For Pw ww_ 1 34 34 34
Am G*E (1.401_ 5 35 35 35
Am G&E pf (6)_25s 1104 1104 1104
Am Gen Corp- 1 84 84 84
Am Hard Rubber. 60s 30 30 30
AmL&TpfdH). 1 284 284 284
Am Mfs Co_ 60s 194 194 194
Am Maracaibo.... 17 14 14 14
Am Superpower— 18 24 2 2
Am Superpwr pf.. 2 324 324 324
Anchor Post <d)._ 2 2 2 2
Ark Nat Gas 1A)_. 21 6 54 6
Ark Nat Gascu p£ 1 74 74 74
Art Met Wks 60c- 1 10 10 10
Asso Elec Ind Ltd
(a29 7-10c)_ 3 114 114 114
Asso O & E__ 2 Its 14 14
Asso G & E (A)_ 16 14 14 14
AssoG& ES5 pf.. 2 8 8 8
Assoe Invest (1).. 400s 40 39 39
Asso Rayon__ 1 14 14 14
Atlas Corp (a40c). 6 114 114 114
AtlasCof A (3)_ 2 534 534 534
Austin Silver_10 14 14 14
Auto Products_ 1 84 84 84
Auto Vot M(t50c). 18 8 8
Az-Fisher(3.201A 10s 464 464 464
Black & Decker... 2 214 21 Vi 214
Blue Ridge Corp.. 1 24 24 24
Bower Roll B (1). 8 21 204 204
Britlsh-Am Oil
reg (80c)-- 1 23 23 23
Brown Fence
Wire (A) (2). 2 284 284 284
Brown Forman .. 2 94 94 94
Buckeye PL (3).. 50a 42 42 42
Buffalo Nlag & E
r> <1 aiw 9 9*41/. 04 11 9*111
Burma Ltd
(al2 9-10c). 2 2Vi 2% 2%
Cable El Prod-vto. 1 1% 1% 1%
Can Marconi__ 2 2 1% 2
Carlb Syndicate_ 4 3% 3% 3%
Caro L&P pf (6).. 10s 77 77 77
Catalln Corp.. _ 6 HVi ll'i HVi
Central P & L 7%
pf (1 % )_ 100* 59 58% 58%
Cent States Elec.. 36 1% IV* 1%
Centrll Pipe (40c) 2 4% 4% 4%
Chesebrough(ti). 100s 108% 108% 108%
Citias Service-— 63 4% 4vi 4%
Cities Service pf.. 1 4914 49V* 49%
Cities Svc P & L
$7 pf_ 60s 47% 47% 47%
Cltr Aut Stpg 80c. 2 14% 14 14
Chief Consol_ 3 % % %
Clev Elec Illu (2). 3 44 41 41
Colon Oil (d)_ 13 2% 2% 2%
Colt's P F A (114) 2 46 46 46
Columbia Gas &
Elevcvpf(6) 175s 101% 100% 100%
Columbia O&Gvto 1 37* 37* 3%
Com'with Ed (4). 1 98% 08% 9SV<,
Com’wlth & S war 13 ft V* %
Como Mines 325 % % V*
Compo Shoe Mach
s t c (500 . 2 13% 13% 13%
Conn G & C pf (3). 75s 46% 46% 46%
Cons Copper__ 20 5V* 4% 4%
Censol Gas of
Balto (3 60)_ 3 88% 88 88%
Cons Royal (20c). l 2% 2% 2%
Cord Corp . ... 4 5% 6 6
Cosden Oil Me (d) 2 2% 2% 2%
Crane* Co __ 7 26% 26 26
Creole Pet (b20c). 15 28 27% 27%
Crocker Wheeler.. 3 9% 9% 9%
Croft Brewing_ 2 1 1 1
Crown Cent Petr. 15 2V* 2V» 2%
Crown Cork
Int (A) (tl). 4 15% 15 15%
Crown Drug a 10c. .'! 5 5 5
Cusl Mei Mining. 1 1% 1% 1%
Darby Petr <50c). 1 10% 10% 10%
Dayton Rub (A)— 1 23 23 23
Dennison 7 % pr . 20s 64 64 64
Detroit Gray Iron
Foundry (20c) 1 10% 10% 10%
Diamond Shoe (1) 25s 15 15 15
Dlctosraphial5c) 19 9 9
Doehler Die Cast. 1 29% 29%. 29%.
Dubelter Condens. 1 3% 3% 3%
Duval Tex Sulph.. 1 7*4 7% 7%
Eagle Pitcher Ld. 1 10% 10% 10%
Eastn G*E pf
. (A) (6) .. 150s 62% 61% 61%
Eastn States Pdr. 2 IV* IV* IV*
Easy Washing
Mach B <t50) . 1 11% 11% 11%
Econom G S a25c. 100s 17% 17 17
Edison Bros
Stores (tl.60).. 1 40 40 40
Elsler Elec Corp 13 3% 3% 3%
Elec Bond&Share 96 17% 17% 17%
Elec Bd*Sh pfiS) 9 75% 75 .75
Elgin Nat W a75c 50s 34 34 34
El Pwr Associates 8 10 9% 10
El Pwr Asso (A).. 6 7% 7 7%
Elec Pwr & Lt
optl war _ 1 6% 6% 6%
Emp G&F 7 % pf 50s 49 49 49
Emp G&E 8% pf _ 100s 53 53 53
Euulty Corp .. 24 2% 2% 2%
Bx-Cel-O A&Tool. 2 15V* 15 15
Fairchild Aviat n. 5 7% 7% 7%
Fansteel Metal... 2 13% 13 13%
Ferro Enam (80c) 5 30% 29% 30%
Film lnsp Mach_ 2 ft IV ft
Fisk Rubber _ 12 5V* 5 5
Fisk Rub pf (6) _ 50s 46% 46% 46%
Flintkote (a75c)_ 4 36% 36% 36%
Ford Motor
(Can) A (b50c> 8 22% 22 22
Ford M C B (b50c) 25s 25% 25% 25%
Ford Motor Ltd
(18 1-10C) 1 7% 7% 7%
Gen Flrep'f <40c). 1 15% 15% 15%
Gen Tire & Rub . 150* 76 75 75
Georgia f'w pf(6) 2os 82 82 82
Globe Underwr'ts. 2 2** 2% 2%
Goldfield Consol.. 2 % ft ft
Gray Tel PS (1)-- 1 19% 19% 19%
Great Northern
Paper (1) _100s 25% 25% 25%
Gulf Oil Corp_ 10 83 81% 82
Hall Lamp lalOc) 1 7% 7% 7%
Harvard Brewery 1 4% 4% 4%
Hartford Electric
Light (2.75)... 100s 69% 69% 69%
Hazeltine Corp tl 2 12% 12% 12%
Hecla Min (600.. 1 13% 13% 13%
Horn&Hardi 1.60) 100s 31»« 31 31%
Hudson BM&S(1) 1 2 » 26% 26%
Humble 011 (1) .. 9 69% 58% 58%
Hygrade Syl (2).. 25« 33% 33% 33%
111 Pw&Lt *6 pf._ 100» 39% 39 39
Imp Oil Ltd
coupon (t50c)._ 33 22% 21% 21%
Indian Territory
Ilium Oil (A1... t 3% 3% 3%
Indus Fin 7*7„ pf_25g 10% 10% 10%
insurance Co of
North Am (2).. 160s 72 71% 72
Inti Mining war.. 4 3% 3% 3%
Inti Petro (tl %)_ 29 38 36% 37%
inti Products__ 14 4 4
Inti Vitamia_ 12 8 7% 8
Interstate Hos (2) 2 29 29 29
Interstate Power
(Del) pf- 30s 22% 22% 22%
Irving Air Ch (1). 3 20% 20 20
Jersey Central
P & L 5 % % pf-76s 79% 79% 79%
Kansas City Pub
Svo vtc pf A.. 1 3% 3% 3%
Kingsbury Br (d) 2 2% 2% 2%
Klrbv Pet (200 . 7 4% 4% 4%
Kirk L Gold <a3c). 2 % ^
Klein (D E) (tl).. 1 20 20 20
Koppers Gas &
Coke pf (6)_150s 102 101% 101'/,
Lake Shore M(t2) 5 66% 56% 56%
Lakey Fy & Mach. 16 6 6
Lehigh C&N(30c). 9 8% 8% 8%
Leonard Oil_ 4 1% 1 1%
Lit Brothers_ 4 5 4% 5
Lockheed Aircraft 1 7% 7% 7%
Lone-Star Gas 40o 1 11% 11% li%
Long Island Light 2 4 3% 3%
Long Island Light
pf (A) (7).. . 50s 83% 83% 83%
Long Island Llgbt
pf (B) (<)-150s 69% 69% 69%
La Land (40c)_ 33 14% 13% 13%
McWms Dredg(4) 100s 75 75 75
Masonite Corp tl- 50s 80 80 80
Massey Harris 2 5 4% 5
Mercantile Stores 1 26% 26% 26%
Merch & Mfrs (A) 2 6 6 6
Merritt Chap A S. 5 8% 8% 8%
Middle States
Petrol vtc (B).. 1 1% 1% 1%
Mining Co (Can).. 1 1% 1% 1%
Molybdenum Corp 5 8 8 8
Mont Ward A (7). 40s 148 147% 147%
Mueller Brass 80o 6 27% 27% 27%
Nat Bella Hess... 11 2% 2 2%
Nat Fuel Gas (1). 2 18% 18% 18%
Nat Investors — ,2 2% 2% 2%
Nat Rubber Mach. 1 4% 4% 4%
Nat Union Radio.. 3 % 14 %
Nebel (Oscar)- 4 % % %
Nehl Corp - 6 8% 7% 8
N J Zinc (2)_100s 77 77 77
NewmontMln (I). 7 82% 8S 82%
N X PAL 6% pf 6. 20s 101% 101 . 101%
Stock and Sale*—
dividend Rate Add 00. Hleh. Low Cloaa.
N ¥ Tel pf (6%).. 75s 120% 120% 120%
Mac Hud Pwr_ 8 8% 8% 8%
North AmLftP pf- 100a 40 40 40
Nor Am Mat <1)._ 75» 46 45% 45%
Northern Pips
Line (60c)_ 2 6% 6% 6%
Northern States
Power (A)_ 2 26% 26% 26%
Novadel Ag (2)_* 1 39% 39% 39%
Ohio Oil cu pf (<). 4 108 107% 108
Oldetyme Distil... 21 8% 8% 8%
Outboard Mot (A) 1 14% 14% 14%
Pacino Eastern__ . 2 4 3% 4
Pacino Q & E
1st pf < 1 % )__ 1 32 32 32
Pan-Am Air tl)._ 2 55% 55% 55%
Pantepec Oil_ 10 5% 5% 5%
Param't Motors... 14 4 4
Peninsular Tel_200s 20 19% 19%
Pennroad (b20c)_. 14 4 3% 8%
Penn P&L pf (7).. 20sl08% 108% 108%
Penn W & P <4)_ 1 92 91 . 92
Pepperell Mfg(3). 40s 60 59 69
Phillips Packing.. 3 12 12 12
Phoenix Secur -. 3 6 5% 5%
Pie Bakeries(60c) 2 10% 10% 10%
Pierce Governor.. 1 12% 12% 12%
Pioneer Gold Mines
Ltd <800 _ 11 10% 10 10
Pitney Bowes
PM <320_ 4 8% 8% 8%
Pittsb’gh Forging 1 8% 8% 8%
Pitts&LE <t2% 1 200s 68 66% 66%
Pittsb’gh PO(tl). 3 122% 121 122%
Powdrell&Al tl%. 1 27% 27% 27%
Pressed Met (tl)_ 2 28 28 28
Producers Roy_ 1 % % %
Propper McCall'm 2 % % %
Pub Svc Northn
111 6% pf_100sll3 113 113
Puget Sound Pwr
& Lt $6 of- 225s 24% 23 24%
Pyrene Mfg b20c. 1 6% 6% 6%
Quaker Oats pf(6) 30s 145 145 145
Rainbow bum (A) 1 % % %
Reiter-Foster__ 1 *i % %
Reliable Stores... 1 15 15 15
ReybarnCo- 2 • 5% 6% 5%
Reynolds Invest.. 2 2% 2% 2%
Rice Stix DO b50c. 1 6% 6% 6%
Richfield Oil of
Calif pf <d). 3 1% 1% 1%
Root Petrolmeum. 4 15% 15 15
Royal Typewriter. 1 57% 57% 57%
Rustless lr & Stl.. 14 4 4
Ryan Consol_ 2 3% 3% 3%
Saf Car il&L <4)_. 50* 74 74 74
St Regis Paper_ 2 3% 3% 3%
St Regis Paper pf. 30* 59 59 59
Salt Creek P(80c). 1 7% 7% 7%
Schulte Real Eld) 3 *, % %
Secur-Corp Gen_ 7 3% 3% 3%
Segal Lock &H_ 7 2% 2% 2%
Sentry Safety Con 1 % % %
Shattuck Den Min 4 6% 6% 6%
Sher Wllllams(4) 200*119 117 117
Smith Corona vto. 1 22 22 22
Sonotone <a6c)_ 1 2% 2% 2%
South Penn O tl% 1 35 35 35
S Cal Ed pt pf 1%. 30* 38% 38% 38%
Southn Calif Ed
pf(C)UH)- 1 264 264 264
Southern Un Gas. 1 lv* 14 14
Southl'd Roy 20c.. 1 84 84 84
Square D Co
pf A <2.20) 200s 314 31 31
; Stand Oil Ky (1).. 5 174 174 174
Stand Oil Nebr_ 1 12V* 124 124
Stand Oil Ohio ... 1 29 29 29
Stand Sll&L (ale) 3 4
Sterchl Bros Strs. 1 41, 44 44
Sterling Br(alOc). 2 54 54 54
Stetson <J B) 100s 171* 17** 171*
Strook & Co(a25c) 50s 26 26 26
Stutz Motor_ 10 24 24 24
Sunray Oil- 13 44 44 414
Sunshine Mtn (2). 11 194 194 4914
Swiss-Am El pf .. 50s 65 65 65
Swiss Oil <t20c).. 14 44 44 44
Tampa Elec (2.24) 1 36 36 36
TasteyeastdJel 1A 12 34 34 34
Taylor Pist (b5c). 3 5 5 5
Technicolor inc . 4 274 274 274
Teck Huches(40c) 4 4*4 44 ”4*4
Texas Gulf Prod. 11 54 54 54
Texon O & L (60c) 2 64 64 64
Tob Prod Ex (10c) 2 34 34 34
TolEdlspf A (7). 10s 110 110 110
Tonopah Mining 5 £ jj ^
Trans-Lux Oayllte
Pic Sn (20c)- 4 3** 34 34
Trl-Contl C war.. 2 3 3 3
Tublze Chatllllon. 5 64 6 6
Tung-Sol Lamp n. 3 94 9 9
Twin Coash (alOcJ 2 124 12 12
Unexcelled Mfg... 1 24 24 24
Unit Gas Corp_ 34 74 74 71,,
Unit Gas C war .. 4 24 2 2
Unit Gas Corp pf.. 14 1004 99 99
Unit Lt & Pw (A). 7 54 54 54
Unit Lt & Pw pf.. 10 414 40V, 404
Unit Shoe M 724 175s 86 854 86
U S Foll(B)(60c). 6 17 17 17
U S Rub Reclaim. 1 44 44 44
Unit Stores vtc_ 2 1 1
Unit Verde Ex(l). 10 3V, 34 34
Unit Wall Paper.. 9 6 44 5
Utah Power & Lt
Pf (:2 3S 1-3)... 25s 614 614 614
Util Pwr & Lt- 4 I*, n, 14
Venezuela Petrol. 1 14 14 14
Wayne Pump_ 2 27 27 27
WVa Coal & Coke 2 34 34 34
Westn Air Extn). 3 84 74 74
Wil-low Cafeteria 4 14 14 tu
Wool worth (FW)
Ltd A <664e_ 1 32 8*’ 30
Wright Harg t40c 11 84 8 SV«
Dividend rate in dollars cased on last
nnif**/.?. ®*ml-annual payment »An
*,e'cP !‘i ®*,r» (Accumulate dtvi
: *,P*ld th,“ I«»r bPsld last year
aComDsnle* reported In recelverthlp or
1 ?T>!ng rrorcanlsed ePayable In stock.
1 ^pil,s Partial distribution of asset*.
Ex-dividend
BIG TAX BILL SEEN
IN STEEL INDUSTRY
Nearly 73 Millions Paid Out in
1935, Equals Year's Wages of
57,360 Employes.
By the Associated Press.
NEW YORK. May 12.—The Ameri
can steel industry paid out in taxes
to Federal, State and local govern
ments nearly $73,000,000 in 1935, a
sum equivalent to a full year's pay
for 57,360 steel employes, the Amer
ican Iron and Steel Institute re
ported in a special survey.
This sum was approximately 16 per
cent greater than it was in 1934 and
was equivalent to $133, or more than
five weeks' average pay, for each of
the 547,112 employes on the indus
try's pay roll, the report stated.
The States and municipalities in
which the properties of the 127 com
panies covered in the report are lo
cated were the largest beneficiaries of
the 1935 tax payments, the report
stated, receiving 81 cents out of each
dollar of taxes paid.
RESERVE BOARD ISSUES
CONDITION STATEMENT
By the Associated Press.
The Federal Reserve Board's condi
tion statement of weekly reporting
member banks in 101 leading cities
gave the following slmmary of the
principal assets and liabilities on May
6, together with changes for the week
and for the same week last year, in
millions of dollars:
May 8.
. . May 6. April 20. 1035
Loans and invest
ments—total.. 21,897 +103 2,089
Loans 'to brokers
and dealers:
In N. Y. City. 1.020 — 12 + 201
. Outside N. Y.. 213 + 3+35
Loans on securi
ties to others
except banks. 2.083 + 20 — 41
Acceptances and
commercial pa
per bouttht_ 341 — 6 — 61
Loans on real es
tate - 1.146 + 5+28
Loans to banks. 101 +34 — 4
Other loans_ 3.509 + 24 + 219
U. S. Government
direct obliga
tions _ 8.847 + 45 + 952
Obligations fully
guaranteed by
Government.. 1,278 — 3 + 496
Other securities. 3,380 — 0 + 264
R e s e r ves with
Federal Reserve
banks _ 4,458 + 42 + 691
Cash in vault_ 370 — 12 + 71
Balances with do
mestic banks. 2.242 — 10 + 246
Demand deposits
—adjusted_14.2RO + 2 -4-2,016
Time deposits.. 5.076 + 29 + 99
U. 8. Government 754 + 2 — 180
Interbank deposits:
Domesticbanks I.4P1 +60 + 774
Foreign bonks 370 + 26 + 180
Borrowings---- --- — 8
GAY SCORES LEVY
Re-Elected Exchange Chief
Sees Artificial Scarcity of
Securities as Result.
by tho Associated Press.
NEW YORK, May 12.—Charles R. j
Gay, president of the New York Stock
Exchange, said yesterday, “the tax on
capital gains is continuing to create
artificial scarcity of securities."
Interviewed as he swept unopposed
into the presidency of the stock ex
change for a second term, the 61-year
old broker whose business career
started as a 63-a-week carrier of dry
goods samples, expressed concern over
the effects of capital gains tax on
stock trading.
“This tax helped to produce higher
prices in 1929,” he said. “It is un
scientific and tends to accentuate the
valleys and peaks of stock prices."
“A great many stockholders,” he
explained, “feel they are locked by
the tax into a situation where they
are not free to realize, so they do not
sell."
Asked whether he thought the
securities and exchange commission
and higher margin requirements would
lessen the chances of “another 1929,"
the veteran broker, who in the boom
days was said to have executed some
of the largest stock orders in Wall
Street history, declined to venture an
opinion.
“I don’t think the S. E. C. and the
present margin requirements will of
themselves prevent wide fluctuations,"
he said. “Prices reflect current opinion.”
Questioned on whether he thought
trading activity would again run up
to the 3,500,000-5,000,000 shafe-a-day
brackets, he said, "I wouldn’t stay in
business if I didn’t think so.”
“Any undue restriction of stock ex
change activity will result in a less
liquid stock market,” he added.
Reviewing his last year's term as
president of the exchange he said, "our
relations with S. E. C. have been ex
tremely pleasant. Our Business Con
duct Committee is constantly watch
ing the market as a whole as well as
situations In individual stocks.”
DEPOSITS MOUNT
IN VIRGINIA BANKS
Increase of More Than 26 Mil
lions Between March 4, 1935,
and Same 1936 Date Shown.
By the Associated Press.
RICHMOND. Va., May 12.—A con
solidated report showed today an in
crease of more than $26,000,000 in
deposits in 195 State banks between
March 4, 1935, and March 4, 1936.
Total assets increased more than
$16,000,000 and loans and discounts
exceeded those on the same date in
1935 by more than 45,000,000.
The total of all deposits at the 1936
call was $188,647,939, compared with
$172,422,423 in 1935. Individual de
posits totaled $60,088,026, compared
with $54,659,559; time deposits, $93,
656,271, compared with $84,476,493;
public funds, $11,991,676, compared
with $11,145,150; United States Gov
ernment and postal savings deposits,
$3,598,096. compared with $4.765,345^
and deposits of other banks and other
items. $19,313,869, compared with
$17,375,874.
Loans and discounts amounted to
$106,061,538 on March 4, 1936, as com
pared with $100,678,320 on the same
date in 1935. Total assets were $227.
903,038, compared with $211,723,324
last year.
FRISCO TRUSTEES SEEK
TO SHIFT SUBSIDIARY
By the Associated Press.
ST. LOUIS, May 12.—Trustees of
the St. Louis-San Francisco Railroad
asked United States District Judge
George H. Moore yesterday for per
mission to transfer control of a sub
sidiary, the Fort Worth & Rio Grande
Railroad, to the Atchison, Topeka &
Santa Fe Railroad.
The Fort Worth & Rio Grande is a
Texas line, 231 miles in length, ex
tending from Fort Worth southwest
to Menard. Under the terms of the
proposed transfer the Frisco would
receive $1,519,325 in cash and the
Santa Fe would assume obligations
amounting to $15,053,431.
Judge Moore ordered a hearing on
the application here June 2 before
John T. Harding, special master for
the court.
SHARP GAIN REVEALED
BY REMINGTON RAND
By the Associated Press.
NEW YORK, May 12.—James H.
Rand, Jr., president of Remington
Rand, Inc., manufacturers of a broad
line of business equipment, reports
that domestic orders for April were
43 per cent ahead of April, 1935,
making the largest percentage increase
over the corresponding period of a
previous year since 1929.
CHICAGO LIVE STOCK.
CHICAGO. May 12 OPI (United State*
Department of Agriculture).—Hogs. 16.
OOO. including fl.000 direct, mostly 10*25
lower than Monday's average; instances,
50 off on light lights; top. 0.60; bulk. 170
~60 pounds. 0.25*0.50: 140-170 pounds.
8.7oa9.2o; 250-300 pounds, H.00a9.4o;
300-350 pounds. 8.75a9.00: sows. 8.1ua
8.3o: few heavy down to 8.00.
Cattle, fl.ooo; calves. 2.500; fed steers
and yearlings weak; prospects slightly
lower on medium weights and weighty
bullocks: about steady on yearlings and
light steers: largely steer run: little done:
best weighty steers, long fed offering scal
ing 1.350 pounds. 8.50; several loads held
above BOO: heifers about steady; cows
scarce, dull and weak; bulls fully steady
at 0.00 down, and vealers 25 or more
higher at 8.00*9.50, with selected kinds
at 10.00.
Sheep. 7.000: old-crop lambs weak to
shade lower: scattered early sales in
between wooled offerings. ll.ouall.4U; few
clippers. 10.00*10.25; holding be*t above
lo.5o; Springers fully steady; strictly
choice natives selling upward to r2.26;
not much change on aged classes.
NEW YORK PRODUCE.
. new YORK. May 12 (Ah.—Eras. 45.339.
Irregular Mixed colors: Special packs or
selections from fresh receipts. 23%a24%:
standards and commercial standards. 22%:
firsts. 21%: mediums. 40 pounds. 20%:
dirties. No. 1. 42 pounds. 20%: average
checks. 19%: storage packed ffrsts. 22%.
Butter. 16.790. Irregular. Creamery,
firsts 188-91 scores). 26%a27%: central
ized (90 score), 27; other prices un
changed.
Cheese. 249.564. steady. Prices un
changed
Live poultry steady. By freight; chick
ens and broilers, unquoted: fowls. 21*23:
roosters. 12: turkeys. 14*25: ducks (all
sections). Ilal3.
By express: Chickens unquoted; broiler*.
18*23: fowls. 21a23: roosters. 12; turkeys.
14a25: ducks (all sections). 13.
Dressed poultry irregular. Fresh: Ducks
(Long Island, in barrel). 15%ai7. Frozen:
Chickens. 21%a31. Other fresh and frozen
prices unchanged.
MONTREAL SILVER.
MONTREAL. May 12 DPI.—Silver future*
opened steady. 18 lower to 1 higher.
Mar. 4527b: July. 45.61b; September.
45.70tu b—Bid.
A
Loadings in First 16 Weeks of Each Year
Seal#: 1st,000,000
1,785,874
Cart
'*» gigoippi^DTOCTOiuorocraid^.r2cT3
1,271,825
Cart
7,478.748
__ Cart
« ! _
iw priCTtraroDToaptmtjDiTTvrnrmi^ '*?*'»
BpTgijqtjijcroOtopTgljTijljEilTOOTQijoijQOTOGrnSBlfr
ttowrttti 1###. to tot CMan TitMl -ztfLu.
*
ADVANCE IN STEEL
Boost Averaging $2 to $3 a
Ton Expected on Third
Quarter Deliveries.
By the Associated Press.
NEW YORK. May 12.—Finished
steel price advances averaging from
$2 to $3 a ton were predicted for the
third quarter In manufacturing cir
cles.
Steel industry observers said the
expected price rises would be effected
in order to cover social security costs
and expenses Incident to other em
ployee benefits. Announcements of
the higher price schedules are ex
pected within the next few weeks.
In steel circles it was indicated that
the higher quotations will be con
centrated mainly on those products in
which consumption has been consist
ently heavy.
Notwithstanding the steady de
mand for steel since last Fall higher
production costs, it is understood, have
left the industry at large hard pressed
to show "satisfactory" profits.
Estimated costs of social security
act and vacations with pay were said
to have played a part in the decision
to raise prices.
Several of the larger companies
have adopted the Summer vacation
plan for all workers, a step which
statisticians have estimated will boost
the industry’s pay rolls by l’-i to 2
per cent, or about $9,000,000 a year.
The social security provision will,
according to the same authorities, be
equivalent to a 6 per cent expansion
in pay rolls.
The Carnegie-Ulinois Corp., division
of the United States Steel Corp.,
Youngstown Sheet & Tube Co., and
Republic Steel Corp., have already
adopted the Summer vacation plan
for all workers. It is understood that
other important companies will follow.
MARYLAND BANKS
WILL PAY NEW TAX
Institutions With Capital Stock
Are Included in List for
Franchise Levy.
By the Associated Press.
BALTIMORE. May 12.—Attorney
General Herbert R. O'Conor ruled yes
terday State banks and trust com
panies having capital stock will be re
quired to pay the franchise tax passed
by the 1936 Legislature.
The Legislature adopted the fran
chise levy as part of a special relief
taxation program. The taxes. Including
levies on beer, whisky, cosmetics, ad
missions and franchises, are for 1936
only.
O'Conor wrote:
“This tax is not limited to ordinary
business corporations and the only
corporations exempt from the tax are
building or homestead corporations, co
operative organizations and charitable,
benevolent and fraternal institutions.
It therefore follows that State banks
and trust companies having capital
stock will be required to pay this fran
chise tax for the year 1936.’’
The ruling was given in response to
a request from John D. Hospelhom,
deputy State bank commissioner.
INVESTING COMPANIES
NEW YORK. May 12 Up).—Mew York
Security Dealers' Association:
(Noon Quotations.)
Bid. Asked.
Admin Fd 2nd Inc_15.«4 16.64
Am Gen Eq Inc__ .06 1.08
Am Business Shrs_ 1.08 1.18
Am Ins Stocks_ 3.875 4 50
Basic Industry____ 4.20 _
Broad Street Inv__ 27.72 20.65
Bullock Fund_ 16.825 18.125
Corporate Trust___2.57 _
Corporate Trust A A_ 2.48 _
Corp Tr A A mod_ 3.00 _
Corp Tr Accum Ser_ 2.48 __
Corp Tr Acc Mod_ 3.00 __
Cumulative Tr Sh_,_ 5.45 _
Depos Bk Sh N Y "A3_ 2.20 2.55
Depos Ins Shrs "A”_ 3.75 _
Depos Ins Shrs "B"_ 3.51 3.00
Diversified Tr C_- 4.20 4.50
Dividend Shrs_ 1.54 1.67
Equity Corp $3 pf_ 37.60 41.50
Fidelity Fund Inc_ 24.55 26.45
First Boston Corp_ 47.00 48.50
Fixed Trust Sh A_11.00 _
Fixed Trust Sh B_ 9.21 _
Fund Investors Inc_ 20.81 22.91
Fund Tr Shrs A_ 5.63 6.25
Fund Tr Shrs B_ 5.36 _
Gen Investors Trust_ 5.51 6.00
Group Sec Agriculture_ 1.01 2.07
Group Sec Automobile... 1.30 1.51
Group Sec Building_ 1.71 1.85
Group Sec chemical_ 1.40 1.52
Group Sec Food_ 1.00 1.10
Group Sec Merchandise.. 1.12 1.22
Group Sec Mining_ 1.42 1.54
Group Sec Petroleum_ 1.23 1.34
Group Sec R R Equip_ 1.00 1.10
Group Sec Steel_ 1.37 1.49
Group Sec Tobacco_ 1.24 1.35
Huron Holding_ .50 .65
Incorp Investors_ 20.53 22.08
Inv Tr N Y Col) ''A”_ 5.75 _
Investors Pd "C” Inc_ 01.34 03.18
Investors Fund of Am_ .98 1.08
Major Shrs Corp_ 2.75 __
Maryland Fund_17.80 1P.35
Mass Invest Tr_ 24.13 26.23
Mutual Invest_ 1.41 1.54
Nation Wide Sec_ 4.00 4.10
Nation Wide vtc_ 1.64 1.78
N Y Bk Tr Shrs_ 3.25 _
North Am Bond Tr ctf»_. 73.25 77.50
Nor Am Tr Shrs_ 2.41 __
Nor Am Tr Sh 1055_ 3.15 _
Nor Am-Tr Bh 1056_ 3.11 __
Nor Am Tr Sh 1058_ 3.15 _
Northern Secur__ 55.00 62.00
Plymouth Fund Inc_ .94 1.05
Quarterly Income Sh_ 1.48 1.63
Selected Am Sh_ 3.40 _
Selec Am 8h Inc_ 1.46 1.60
Selected Cumul Sh_ 8.89 __
Selected Income Sh_ 4.63 _
Selected Indus cum cv pf 17.00 18.50
Spencer Trask Fund_18.74 19.93
Stand Am Tr Shrs.._ 3.60 3.85
Stand Util Inc_ .88 .95
Super of Am Tr A- 3.37 _
Super of Am Tr AA__ 2.32 __
Super of Am Tr B_ 3.56 _
Super of Am Tr BB- 2.32 _
Super of Am Tr C__ 6.30 _
Super of Am Tr D- 6.30 -
Supervised Shrs new-12.55 13.65
Trustee Stand Inv C— 2.37 -
Trustee Stand Inv D-—_ 2.32 -----
Trusteed Am Bk "BJ—- 100 1.12
Trusteed Industry Shri__ 1.31 1.48
Trusteed N Y Bk Shrs—- 148 1.66
*
corporation!
REPORTS,
TRENDS AND PROSPECTS OF
LEADING ORGANIZATIONS.
NEW YORK, May 12.—The follow
ing is today's summary of corporation
news prepared by Standard Statistics
Co., Inc., New York:
Pittsburgh & West Virginia Railway
—Interstate Commerce Commission
has authorized this company to issue
$2,000,000 of 3'/2 per cent 10-year
equipments to refund certain obliga
tions; under the program, road will re
tire all outstanding 1926 and 1935
equipments and substantially reduce
its R. F. C., R. C. C. and bank in
debtedness; in addition, road hopes in
near future to sell $3,586,000 of its
Series D first mortgage bonds to reduce
further its indebtedness.
Winn & Lovett Grocery Co.—Sales,
four weeks ended April 25, were up 4.>
per cent; 17 weeks up 7 per cent.
Woolworth (F. W.) <5c Co., Ltd.—De
clared an interim dividend on ordinary
stock of Is 6d, less tax; a similar in
terim dividend was declared at this
time in 1935.
United States Steel Corp.—Ship
ments of finished steel products by
corporation in /<prll increased 196,355
tons to 979,907 tons, against 783,552 in
March, and 591,728 tons in April. 1935;
for four months ended April 30, 1936.
shipments totaled 3,161,188 tons
against 2,376.976 tons in first four
months of 1935; April deliveries ex
ceeded any month since June, 1930,
with the one exception of June, 1934,
when the corporation sent out 985,337
tons.
Bayuk Cigars. Inc. — Additional j
shares of common stock of this com
pany resulting from four-for-one stock ,
split would be distributed on or before
May 21 at rate of three shares of new
stock for each share held of record
May 15. 1936; New York Stock Ex-1
change ruled that old common be not
quoted ex-distribution until further
notice and that all certificates deliv
ered after May 15, 1936, must be ac
companied by due bills.
Foster Wheeler Corp.—It was re
ported that against total production
last year amounting to $5,914 687
Foster Wheeler and its English affili
ate in first three months of 1936
booked $2,700,000 of new business; this
volume rate was not fully sustained in
April; at present, it was stated, it
does not appear likely that the first
half of 1936 will end in the black; in
first half of 1935 Foster Wheeler had a
net loss of $151,313.
Houston Oil Co. of Texas—March
quarter preferred share earnings were
38 cents vs. 34 cents.
Standard Oil Co. of California.—It
was reported that negotiations are un
der way with Texas Co. for marketing
of Bahrein Island (Persian Gulf)
crude output of Standard O'l Co. of
California; California Standard has
been seeking a share of foreign oil
markets for its Bahrein Island re
serves.
Boston k Maine Railroad.—Com
pany has been authorized by I. (.'. C.
to spend $2,250,000 for repairing dam
age to its property by recent flocds;
part of cost will be met from a 52,
000.000 loan from R. F C.
Chicago, Rock Island k Pacific
Railway.—Trustees of company ha> e
applied to I. C. C. for authority to
issue $4,500,000 of three-year 3tj pt-'
cent trustees’ certificates, proceeds
from which would be used for deferred
maintenance of ways and structures
and equipment.*
ureas iNoruiexn rnwn),—
quarter deficit was $4,128,889 vs. defi
cit of $4,558,634.
Crown Cork International Corp. de
clared a dividend of 25 cents a share
on class A stock; giving effect to this
distribution, arrears amounted to
$2.75 a share.
Fairbanks Co.—March quarter defi
cit was $1,925, vs. deficit of $23,858.
Remington - Rand, Inc. — Common
share earnings 12 months ended Feb
ruary 29 were $1.25; cash in banks
and on hand March 31, 1936, amount
ed to more than $7,000,000; during
April $1,855,722 was used to acquire
9,702 shares of prior preferred and
16,800 shares of $6 preferred stock;
during April options on 150.000 shares
of unissued common stock at prices
similar to those fixed in debenture
stock purchase warrants were au
thorized to be issued to a group of
key executives.
Texas Gulf Producing Co.—March
quarter common share earnings were
24 cents, vs. 22 cents.
Denver & Rio Grande Western R.
R.—Federal Judge Symes. Denver, has
denied petition of R. F. C. for modifi
cation of injunction against sale of
collateral which it holds as security
for Denver & Rio Grande Western
R. R. loans.
Western Union Telegraph Co.—
March quarter common share earn
ings were 92 cents, vs. 20 cents.
Keystone Steel <& Wire Co—Dis
tribution of additional stock resulting
from four-for-one stock split will be
made May 15, 1936.
FOREIGN MARKETS.
LONDON. Mar 12 MP».—'Trading in the
Stock Market was subdued today owing to
the continental outlook and easier over
night Wall Street news Speculative prof
it-taking caused an easing in gold mining
shares and trans-Atlantic issues, while
gilt-edged securities drooped owing to a
slackening in support. Oils and indus
trials hardened in the afternoon. The
closin'- tone was irregular
PARIS.—French securities fluctuated
Irregularly in the Bourse Rentes held
steady, and bank shares were firm but
coal metal and chemical issues declined.
With the exception of Egyptian shares. In
ternational stocks likewise sagged, and the j
market closed irregular.
a
CENTRAL REPORTS
I
1935 Net Income Compares
With $7,682,334 Loss
in Preceding Year.
By the Associated Press.
NEW YORK. May 12—The New
York Central Railroad Co. reported
a net income of $115,045 during 1935,
compared with a deficit of $7,682,334
in 1934.
Operating revenues were $310,192,
979, an increase of $15,103,098, or
5.12 per cent. Revenue freight at
104,482,468 tons increased 4.62 per
cent and freight revenues, amount
ing to $218,260,324, advanced 6.91 per
cent in 1935 from 1934.
The number of passengers, how
ever, decreased 2.45 per cent to
44,381.459 revenue passengers, but in- I
come from that traffic gained 0.98
per cent to $55,292,023.
Net railway operating income was
$36,748,524. an increase of $7,587595. j
Ohio Oil Co. «
Ohio Oil Co., with properties In 14
States in the West and South, today
reported net income for the first
quarter of $2,255,139. equal to 22 cents
a share on 6,563,377 common shares.
This compared with $622,150, equal ■
to $1.12 a share on 552,222 shares of
6 per cent preferred stock in the first
quarter of 1935.
American lyanamia.
American Cyanamid Co. and subsid
iaries, makers of heavy and fine chem
icals, with principal plants at Warners
and Bound Brook, N. J., and Niagara
Falls, Ontario, reported first-quarter
net income of $738,015. equal to 29
cents a share, on combined class “A"
and “B" common stock, compared
with $638,305, or 25 cents a share, on
the combined stocks in the like period
of 1935.
Consolidated Films.
Consolidated Film Industries. Inc..
operating a number of film labora
tories in California and the East,
reported for the three months ended
March 31 consolidated net income of
$290,249. equal, after preferred divi
dend requirements, to 17 cents a
share on the common stock. In the
same quarter in 1935 net income was
$212,536, or 2 cents a common share.
National Supply Co.
National Supply Co. of Delaware
and its subsidiaries including Spang.
Chalfant & Co.. Inc. makers of oil
industrial machinery with plants in
Ohio, Pennsylvania and California,
reported first quarter consolidated net
income of $493,281, after customary
charges and deducting income apply
ing to the minority interest in Spang.
Chalfant. Profit was equal to $2 96
a share on 166,282 shares of $7 cu
mulative preferred stock, on which
there are dividend accumulations. For
the first quarter of 1935 revised con
solidated net loss totaled $100,422.
DIVIDENDS ANNOUNCED
NEW YORK. May 17.—Dividends de
clared iprepared by the Standard Statistics
Cotp.i:
Accumulated.
Pe- Stock of Pay
Rate.riod. record, able.
Loew s Lon Th 7 *7 pf .35c .. 5-16 5-30
McCrory Strs pf_$21 „ _ 1936
Extra.
Andian Nat Corn_$1_ 5-20 6-1
Int Petroleum Co_ 5i*c .. 5-22 6-1
Imperial Oil Ltd 37‘ac _. 5-15 6-1
Increased
Neisner Bros
(revised) __ 37’ac Q 5-29 6-15
Resumed.
Thompson Prod_30c .. 6-25 7-1
Regular.
Anelo-Huroman Ltd_20c .. 5-30 6-12
Bullock's Inc_25c 5-il 6-1
Calif. Art Tile Co. $1.75
cum ( onv cl A Df_25c_ 5-25 6-1
Canadian Silk Prod_25c _. 4-15 5-1
Cn Ohio L&P $6 Df.Sl.50 Q 5-15 6-1
Chicago Coro $3 Pf_75c Q 5-15 6-1
Kekaha Sucar Co_20c M 5-25 6-1
Do. _20c M 6-25 7-1
Koloa ‘•ugar Co_5oc M 6-25 5-30
Neisner Bros_25c Q 5-29 6-15
Ohio Pb Ser 7*7 pf.58*3C M 5-15 6-1
Do. pf_50c M 5-15 6-1
Do. 5% Pf_41*nC M 5-15 6-1
Patterson-Sargent _25c Q 5-15 6-1
Peninsular Tel_15c — 6-15 7-1
Pioneer Gold Mines of
British Col Ltd_20c Q 5-30 7-2
Pitts. Youngstn & Ash
tabula Ry pf_$1.75 Q 5-20 6-1
Pub Ser Colo 7*7 of-58*3C M 5-15 6-1
Do. 6*7 pf_50c M 5-15 6-1
Do 5*7 pf.. . .41!jC M 5-15 6-1
Rainer Pd & Pan $2 A.50C Q 5-20 6-1
Do B vtc_5uc Q 5-20 6-1
Rel'ance Grain Co Ltd
6*2*7 of_$1.67*2 « 5-30 6-15
Russeks Fifth Av«_25c Q 5-20 6-1
Thomason Pr $5 cv
pr Pf_$1.25 Q 6-25 7-1
Tide Wat P $6 nf..$1.5o Q 5-9 6-1
Toledo Ed 7*7 pf..58*3C M 5-15 6-1
Do. 6*7 pf_50c M 5-15 6-1
Do. 5*7 Df.41*ac M 5-15 6-1
Va El k Pow $6 Df.Sl.50 Q 5-29 6-20
Wool worth (FW) k Co
Ltd ord reg_Is fid___ 1938
Do. adr f ord 'eg.Is 6d __ _ 1936
Do. 6*' pf (£l> r.3'1 S .. _ 1936
Do. adr for 6*r pf r.3*7 .. _ 1936
Allen Indus Inc _25c Q 5-20 0-5
Andian Nat Corp_ . $1 S 5-20 6-1
Am Gen Corp $2 pfd 50c Q 5-20 6-1
Am Gen Coro *3 Dfd 75c Q 6-20 6-1
Am Gen Corp $2.50
pfd _ -62*/aC Q 5-20 6-1
Clayton A Lambert
Mfg Co 5c 6-20 8-30
Federal Compress k
Warehouse _35c 6-20 6-1
Imperial Oil Ltd_25c S 5-15 6-1
Int Petroleum Co_75c S 5-22 6-1
NEW YORK BANK STOCKS
NEW YORK. May 12 IP).—New York
Security Dealers' Association:
(Quotations as ol 2 o’clock.)
Bid Asked.
Bk of Man (114)--- 253« 2714
Bankers Tr (2)- 55 5,
Cen Han Bk A- Tr (4)-105*4 108*
Chase Nat (1.40)- 35'a 3714
Chem Bk * Tr (1.80)- 51 53
Commercial (8) _ 171 1 < •
Cont Bk * Tr (.80)_ 17*4 183.
Corn Ex Bk & T (3)_ 581, 50*4
Emnire Tr d) -- 223< 2:!%4
First Nat (Bos) (2)_a— 44 4h
First Natl (100) _1805 1R35
Guaranty Tr (12)_ 285 200
Irvine Tr (.00)__ 14*a 15'a
Manufacturers’ Tr (la)- 47'a 4»*4
Natl City d)_ 3114 .3314
N Y Trust (5)...__114 1J<
Public am —__ 40 42
Title G * T..- 9!4 10'a
a—Including extras.
*
Drop in Farm Products
Stressed in Fertilizer
Association Report.
Largely due to lower price* for farm
products the general level of whole
sale commodity price* declined 04
per cent in the week ended May 8,
according to the weekly index com
piled by the National Fertilizer Asso
ciation.
This index last week stood at 75.8
per cent of the 1926-1928 average,
compared with 76.1 in the preceding
week, 76.9 a month ago, and 77.5 a
year ago.
The most important declines during
the week were in grains and live stock
prices, with particularly sharp breaks
in wheat, cattle and hogs. The result
was that the index of farm products
prices fell to the lowest point reached
since 1934.
Although 16 commodities Included
in the foods group declined in price
during the week and only five ad
vanced a small increase occurred in
the group index, reflecting higher
quotations for such important com
modities as butter, eggs and dressed
chickens.
Fats and oils prices continued the
downward trend which had been in
progress in the preceding month, with
a further decline taking place in the
price of cottonseed oil.
Price changes in commodity groups
other than farm products and foods
were relatively unimportant during
the week. A slight rise was registered
by the textiles index, the result of
higher cotton prices more than off
setting small declines in raw silk end
certain cotton materials.
Higher prices for sand and Southern
pine caused the building materials
index to reach a new high point for
the recovery period. A small decline
in the index of fertilizer materials
prices was brought about by falling
quotations for organic ammoniates,
tankage and cottonseed meal having
declined during the week.
Continued declines in the prices of
hides and rubber were largely respon
sible for a downturn in the index
representing miscellaneous commod
ities.
The metals price index remained
unchanged with further weakness In
steel scrap prices being offset by an
advance in the quotation for brass
sheets.
FEDERAL LAND BANKS
NEW YORK May 12 CJP>.—Federal l»sn*
Bank bond'
Quotations as of 2 o'clock.)
Bid. Asked
4'is May. 1947-32_ion 10n’»
41 .s Nov.. 1958-38_107', ms
4!,s May 1957-37_103!j 103’i
4'.s Jan.. 1957-37_102'a 102’a
4*.s July 195H-3H_100’, 101',
4s May 1958-38_105'j 105’.
4s Nov.. 1957-37_104'2 104’.
4s July 1940-44_ 1093. 110
3'«s May. 1955-45__ 102>« 1025«
3s July 1955-45_1004a 100’.
3s July. 1950-40_„ 100 100'*
3s May. 1950-40 wl_ 100 100’*
CHICAGO PRODUCE.
CHICAGO. May 12 CP.—Poultry, live.
27 trucks: steady to firm: hens. 5 pounds
and less. 21: more than 5 pounds. 19;
Leghorn hens. 18 White Rock Springs.
28: Plymouth Rock. 27: colored. 20: Ply
mouth and White Rock fryers 20: col
ored. 25: Plymouth and White Rock broil
ers. 25: colored 24: barebacks. 20»22:
Leghorn. 22- roosters. 14: turkeys. 16a27:
heavy old ducks. 15: heavy young. 16*2;
small white ducks. 14: small colored. 13;
geese. 11.
Butter. 13.573 steady: creamery, spe
cials 193 score'. 254**27: extras (92). Co;
extra firsts '90-91). 25'4a'2: firsts (5*
89' 24*4825; standards (90. centrallied
carlot'. 25’*. Eggs. 85.820. easy: prices
unchanged.
(United States Department of Agricul
ture)—Potatoes. 53; on track. 335; total
United States shipments 550: new stock,
strong supplies moderate: demand light.
Alabama Bliss Triumphs U S. No i,
2.7582.90: Louisiana Bliss Triumphs. U. S.
No. 1. 3.00a::.25: fair quality and condi
tion. 2 00: U S No 2. 1.90*2.15: les»
than carlots California. 100-pound sacks.
White Rose. U S No. 1 3.25 hundred
weight. Old stock, steady, supplies mod*
crate: demand light: sacked per hundred;
weight. Idaho Russet Burbanks. U. S. No.
1. 2.00*2.10: showing decay. 1.90: Michi
gan Green Mountains. U S No 1. 1.75;
Wisconsin Round Whites, commercial. 1.25:
Minnesota Round Whites. U S, No. 1. *nd
partly graded 1.25*1.30; North Dakota
Red River section Cobblers, partly graded,
showing decay. 1.20a 1 25.
BUS ORDER RECEIVED.
NEW YORK, May 12 (IP).—American
Car & Foundry Motors Co. has re
ceived an order from Northern Texas
Traction Co., Fort Worth, for four
30-passenger motor busses.
mssk
1
ia tk« District of Colaabia,
atarby Maryltad ar Virfiaia.
Term* aa Low aa
PRUDENTIAL
BUILDING ASSOCIATION
1331 G St. N.W.
Room 30S DIat. 6270
First
Mortgage •
Money
For
CONSTRUCTION
LOANS
and
LOANS ON
IMPROVED
PROPERTY
in the
District of Columbia,
Nearby Maryland
and Virginia
5%%
Promt I Action
B. F. SAUL CO.
925 15th Street NatL 2110
t ■——
A

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