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CURB LIST EASES AS VOLUME LAGS Some Specialties Suffer Price Breaks, While Gen * eral Market Declines. By the Associated Press. S NEW YORK, May 19.—Wide open breaks in some of the specialties and a generally lower trend in other groups gave the Curb market a heavy appear ance today. Trading was less active. Aluminum Co. dropped more than 9 points, Humble Oil and Pittsburgh * Plate Glass were each 3 lower and losses of 1 to 2 were shown by Ameri can Cyanamid ‘'B,” Creole Petroleum, Gulf Oil, Newmont Mining and Sher win-Williams. Fractional declines were registered by Electric Bond & Share. Niagara - Hudson and Pan American Airways. -• ^Dividend Boosted To 25 Cents a Share By Ferro Enamel By the Associated Press. NEW YORK. May 19.—Ferro Enamel Corp., makers of enamel equipment and supplies, with plants in Cleveland and abroad, today notified the New York Curb Exchange the dividend on the common stock has been set at 25 cents a share under a provision made last month by directors. The dividend is payable on June 20 Jo stockholders of record June 10. On April 21 directors declared a dividend of 20 cents on the common, payable on the above date, with a pro , vision that if the recent refinancing program of the company were success ful, the dividend would be 25 cents. WORLD SURPLUSES GONE NEW YORK. May 19 Dow. Jones & Co. says consumption of raw materials and foodstuffs throughout the world during the last four years has outstripped production, thus largely eliminating the surpluses which de pressed prices in 1932 and 1933. BONDS ON THE CURB MARKET DOMESTIC BONDS. * High. Low. Noon. Alabam Pw 4%s '07 _ Til % 19% T95. Alabama Pow 5s '51 98% 9S% 9b3, Alabama Pow 5s 50 99 98% 99 Alabama Pow 5s 'i>8 m; 85% bo'. Amer G&E 5s 7078 10b% 108 lob Amer P & L Os 7010 9b 91 % 9.% Appal El Pw- 5s 41 _ 108 108 108 Appalch Pow- 5s 50 . 100% 100% 100% —Arkans P & L os '50 _ 101% 101 101% Asso El Ind 4%s ’53 57% 5. , 5, % Asso GE 4%s '48 xw 37% 37% 3.% . Asso G&E 4%s '49 C 11% 37% 37% ASSO G & E 5s '50 40% 30% 39% Asso G&E os '08 40 39% 39% A G&E 5%s '38 in cf 48 48 48 Asso G&E 5%s *77 . 47% 42% 47% Ass Rayn 5s 50 85% 85% 85% Asso T&T 5%s A '55 84% 84% b4% Baldn Lo tis 38 xw 79 79 79 Bel Tel Can 5s B '57 _ 170 170 170 Bel Tel Can 5s C '80 172% 122% 122% Brmngm El 4%s 08 _ 92 92 92 Brmham Gas 5s '59 _ 83 83 83 8anadian Pc Os 42 . 110% 110% llo% an No P 5* A 53 104 104 104 Carolina P&L 5s 50 101% lol% 101 % Cedar RM&P 5s '53 112% 112% 112% Cent 111 PS 4%s F '07 00% 98% 98% Cent 111 PS 5s G 08 102% 102% lnS% .Cen 111 PS 4%S H '8! 9.9% 99% 99% Cent O LAP 5s A '50 _ 98 98. 98 Cent Pw & Lt 5s '50 . 8b3* bb% 88% Cent Sta Elec 5s '48 . 04 04 04 Cnt St P&L £%s '53 70% 70 70 Chi Dis El 4‘25 '70 A 104% 104% 104% Chi Ry 5s ctfs '27 cod _ 7 4 74 74 Cities Service 5s '50 78 ,7 77% Cit Srv Gas 5%s '42 .. 101 101 lol Cit Srv Pw 5%s '52 72% 72% ,2% Ctt Srv PL 5%s '49 73% 72% 72% Com Edis 5s B 54 111 % 111% 111% Com Edls 4s F 81 107% 107% 107% Com Sub 5%s A '48 _ 104 103% 104 Cont G&E 5s A '58 89% 89% 89% Crane Co 6s 40 101% 101% 101% Crucible Steel 5s '40 _ 103 103 103 Cum C P&L 4%-s '50 100% 100% 100% Dallas PL Os A '49 107 107 10, Det C Gas 5s B 50 105% 10.,% 105% Det In Brd H1 as '52. _ 0 5% 0 .PTC P&L 5s A 2030 80 85 ', 80 *Fi Paso El 5s 50 ins 108 108 ^ nis; El 5s '52 100% 100', 100% . u C & f 5%s 42 853, 85% 85] 2 f.-.rie Lignt ns o, i""', i" ■ « Falrbnks Mor 5s 43 102% 102 10. Federal Wt VjS '54 84’, 84% 84% Florida PAL 5s ’54 94 93% 0. % Gary E A- G 5s "W '34 9.1% 03% 93% Gatineau P» 5s '36 9, % 9.% 9i% Gatineau P 68 B 41 - 80% 89% 89 a Gen Pub Ser 5s S3 loo% H>0% 100% Oen Pb Ut 6%s A '56 81% 84% 84% Gen WGAE 5s A '43 - 88% 88% 88% Georgia Pw 5s 'OT . 99% 98:s 98% Q| P & L *15 if* - Ho H.» Glen Alden C 4s 05 XT’, 87% 87% Grand Tr W 4s '50 loo’s 99% loo’s Guardn I 5s '48 A - 6. 6t 6, Gulf Oil Pa ns '47 __ l(ln% 10n% lOnS Gulf St Ut 5s A '56 _ 106% 106 100 111 P A L «%» B '54 102 102 102 Jll Pw & L ns C '50 . 99% 99% 99% 111 Pw A L 5%s ;57 93’4 93 9J Ind & M El 55 ’55 . 105 105 10n Indiana Ser 5s ’50 — 08 KS 08 Indiana S 5s A ’03— 68 68 68 Indnp PAL ns A ’57-llln'/s lj n s ljjoja Internatl Salt ns '51— 10,%10,%10,% , Intern Sc Am 5s '47- 90’s 90’, 99% Intersta Pw 5s '57- <«,. «« <7 Intersta Pw 6s '52 - 09% 09% 09% Inter P 8 5s D '56 — 85% 8n% XoV, Interst PS 4%s ’n8 F -. 811* 80% 81 lowa-Nb LP 5s B '01-. 105 104% 1 On Jers CPAL 4%s C '61— 105% lOo’s 10n% Kentucky U 5s H oi_. 94% 94% 94% Koppers GAC 5s '47.. 104% 104% 104% Koppr GAC 5%s '50.. 104% 104% 104% jehigh P S Os 2020.. 110% 110% 110’., jexington Ut 5s *52__ 104 104 104 ja P A L os '57_ 106 106 106 dass Gas 5%s '46-. 105% 105% 105% demph PAL 5s A '48_. 104% 104% 104% didland VRR 5s '43 87 86% 86% Minn GALt 4%s '80— 103% 103% 103% Miss Power 5s '55- 88 88 88 Miss Pw A Lt 5s '57-. 93% 93% 93% Mo Pb Sv 5s A 41- 04% 04% 04% , Narragansett 5s A '57.. 102% 102% 102% 1 Narragansett 5s B '5,_102% 102% 103'/a Nat P A L Os A 3026.. 101 101 101 . Nat P A L 5s B 3030__ 89% 88% 88% Neb Pow 6s A 3033— 120% 120% 130% Nevada Calif ns '56_ 94 93% 93% New Eng GAE 5s '47.. 00% 66% 66% New Eng GAE 5s '48.. 67 67 67 New Eng GAE 5s '50_ 67 65% 65% New Eng Pow 5s '46_95% 95’, 95% New Eng P 5%s '54— 98% 97 Vs 97% N Y St EG 4%s '50— 103% 103 103% N Y St EG 5%s '63.. 108 108 108 NY A W Lt 4s 3004.. 103% 103% 103% N Y A West 5s 54— 113% 113% 113% N Am LAP 8%s ’56_. 95 95 95 Nor Ind PS 5s D '69— 104% 104% 104% No In PS 4%s E 'TO— 103% 102V. 102% Ohio Edison 5s 60_105% 105% 105% Ohio Pow 5s E '52- 106 106 106 Ohio P S 6s C 53_109% 109% 109% Okla G E 6s A '40_102% 102V, 102% Okla P W 5s A 48_ 88% 88% 88% Oswego Falls 6s '41.. 98% 98% 98% Pac Pw A L 5s '55- 84% 84% 84% Palmer C La 6s '38— 104 104 104 *, .Pa CPAL 4%s '77— 103% 103 103% Penn Elec 4s '71 F_ 99% 99% 99% Pen O E5%s B '59_103% 103% 103% Pen O E 6s '50- 105% 105', 105'! Penn P S 6s C '47_107% 107% 107% Penn W A P 5s '40—113 113 113 Peop G L 4s B '51.. 97% 97% 97% Peop G L A C 6s '57— 105% 105% 105% Peop L A P 5s '79_103% 103% 103% Phila Elec 5%s '72_111 110% 110’, Pied N R os A '54_105% 105% 105% Pot Ed 4%s F '41_108% 108% 108% Pub Ser 5%s A '49_102% 102% 102% p S N 111 5s '56_110% 110% 110% KU a n *w t 20 i o _ * in nit mt Pg S PAL 5’/is A 48-. 92 91% 91% 4 Pug 8 PAL 5s C -50.-. 88 88 88 pg 8 PAL 41 is ’50 D. 84% 84% 84% Qnsb G 5Vis A ’52... 105% 105% 105% Quebec P 5s A ’68... 105 105 105 ‘ ScrlPPS 6'4s '43_102% 102% 10215 fh WAP 4%s A ’07-103% 103% 103% SE PAL 6s A 2025_106% 106% 106% ROU Calif Ed 3%s ’60.. 104 104 104 So Cal S 3%S B ’60- 104% 104% 10441 Sou Cali G 4%S '61_106 106 106 Sou Ind Ry 4a ’51_ 76 76 76 South N G 6s ’44_103 103 103 Sou LAP 5s A ’57_101% 101% 101% SW PAL 6s A 20S2-— 97% 97% 97% SW Pub Svc 6s A ’45, 102 102 102 Stand G A E 6s ’351 cod 69 69 69 Stand G A E 6s ’(W- — 66% 66% 66% fc’tand P A L (Is ’57_ 64% 63% 64% SUP Of ID 4%s ’70_104% 104% 104% Tenn El Pow 5s ’56- 93% 92% 92% Texas Elect 5s ’60... lh’2% 102% 102% Texas Gas Us 6s ’45... 31% 31 31% Toledo Ed 5s ’62-107 106% 107 Twin C R 5%s A’52... 81% 80% 81% • Un L A R 5%s ’52.._ 87% 87% 87% tin L A Ry 6s A ’52-111 110% 110% Va Pub Serv 6s '46_ 90 90 90 Va P Serv 55 B ’50_ 95 95 95 Wash Gas L 5s ’58_ 107 107 107 West New De 6s ’44_67% 57% 57% west Penn 5s 2030_101% 101% 101 % Wise P A L 5s E ’56... 103% 103% 103% York Rwy 5s ’37_103% 103% 103% FOREIGN BONDS. Buen A P 7s ’52_ 66% 66% 66% )uen A P 7%s ’47 st— 67 6. 67 ftal 8u Pow 6s A ’03_ 49 49 49 Parana Braz 7s ’58-21% 21% 21% ■led Elec 6%s A 60_ 54% 54% 54% omeran Elec 6s ’53_ 21 21 51 rio de Jan 6%s ’59_ 14% 14% 14’a * rerni En 6%s A ’53— 53% 53% 53% ww—With warrants, xw—Without war ■» rants, n—New. wi—When Issued, st |ctp>—Stamped. •negotiability impaired by maturity. (CemPASiM reported In recelverahlp. ! NEW YORK CURB MARKET By private wire direct to The Star Stock and Sale*— Dividend Rate Add 00. High. Low Close Aero Supply (A >. 1 18% 18% 18% Aaro Supply <B). 6 3% 3% 3% Ala Pwr pf <•) .. 50a 64 64 64 Alabam Pw pf(7). 20a 71 71 71 Allen Indust (1).. 9 20% 20% 20% Alum’n Co of Am 600s 118 114 114 Alum Goods (60c) 4 17% 17% 17% Am Capital (B) 2 1 1 1 Am Cap pf (a50c). 1 82% 32% 32% Am City P&L (B) 1 5% 5% 5% Am Cynam B 60c. 7 34% 34% 34% Am & For Pw ww 1 3k 3k 3k Am Fork & H 60c 500s 21% 21 21 Am G&E (1.40)... 5 35% 35% 35% Am G&E pf (6)— 75*111% 110k 111 Am Gen Corp 1 8% 8% 8% Am Gen Cp $2 pf 150s 34k 34% 34% Am Hard Rubber 200s 30 29% 29% Am Lt&Tr (1 20) 4 20% 19k 19k Am L&T pf (1%). 1 28% 28% 28% Am Maracaibo — 16 1% lk lk Am Meter Co- 1 27 27 27 Am Superpower— 36 2k 2% 2'i Am Superpwr pf— 1 35 35 35 Am Thread pf (25c) . 1 4k 4k 4k Anchor Post (d)— 12 2 2 Apex Elec Mfg - 1 19 19 19 Arcturus Radio T 13 lk lk lk Ark Nat Gas _ 1 5k 5k 5k Ark Nat Gas (A). 12 5% 5k 5T« Ark Nat Gas cu pf 8 8 7% 7% Art Met Wks 60c. 1 10k 10k 10k Asso G & E .... 2 1% 1% 1% Asso G&E (A) .. 29 lk lk lk Asso G & E $5 pf 2 8 7% 7% Asso In\ est(tlH) 150i 89H . 39^ 39*4 Asso Rayon — 1 lk lk lk Atl Coast Fisher. 4 10 10 10 Atlas Corp (a40c) 33 12% 11% 11% Atlas Corp war_ 13 3 3 Austin Silver- 1 1% 1% 1% Babcock* WU (1) 175s 80 79k 79k Bellanca Aircraft 3 2k 2k 2k Black & Decker .. 1 21 21 21 Blue Ridge Corp 7 2% 2k 2% Blue Ridge cv pf 3 2 46% 46Vi 46% Bohack (H C) 1st pf (t2 %) 20s 41 40 40 Borne-Scrvsm 50c 100s 13% 13 13 Bourjois. Inc b25c 2 3k 3k 3k Bower Roll B (1>. 2 21k 21% 21k Bridgeport Mach- 1 14k 14k 14k Brill Corp (B) —.12 2 2 Brown Fence Wire (A) (2) 1 27k 27k 27k ! Brown F&WB 1.20 1 31k 31k 31k j Brown Forman 4 9 9 9 I Buffalo Ntag & E P pf (1.60) 1 24% 24% 24% Bulova w cv pr lints Din Bunker H&Sul(t2 125s 72 72 72 Burco Inc war ... 1 *4 *4 *4 Butler Bros _ 2 8*4 8*4 8*4 fan Marconi I 174 174 174 Capital City P 60c. 1 17 17 17 Carib Syndicate 37 3'» 3U 3*4 Carman & Co B — 2 2*. 2*4 2*4 Carrier Corp 1 8*4 8*4 8*4 Castle (A M) (2) 50s 42'j 42Vi 42's CatahnCorp 8 11*4 11*4 11*4 Celanese pr pf (7) 150s 109*4 108*4 109 Celanese 1st pf<7) 75s 100*4 100 100 Celluloid Corp pf 25s 32 32 32 Cent H G * E vtc<80c) _ 3 15*4 15*4 15*4 Cent States Elec 3 2 174 1’4 Centrll Pipe (40c) 1 4*2. 4*2 4*5 Chari* Corn < 1 H) 1 16*4 167* 16lt Chicago Rivet & M(tlV4)_ 7 29 29 29 ! Childs Co pf_100s 45 44'j 4.> | Cities Service_ 53 4*2 4*» 4*4 j Cities Service pf. 5 50 48*4 4S*4 I Cities Svc Pwr & Light $6 pt 100s 44 43 43 City Aut Stpg SOc 2 14 13*a 13Vi I Clev Elcc Illu (2) 1 45 45 45 j Clev Tractor _ 1 115« 11*» lt*« ! Club Aluminum . 4 1*2 1*2 1**. i Colon Oil (d) 30 2 17» 17« I Columbia Gas & Elev cv, pf (5) 2o» 102** 102*‘ 102*j Columbia O&Gvte 26 3*4 3*2 3*n 1 Com'with Ed (4 1 5 98*4 97*4 97*« | Com'wlth & S war 34 ft *4 ft [ Community P L 1st pf 100s 28 28 28 Community Wat S 4 1*4 1*4 1*4 Como Mines ... 124 *» *4 *4 Consol Aircraft... 2 17 17 17 Cons Copper - 9 4*4 4*4 4*4 Consol Gae of Balto (3 60)_ 1 90*4 90*4 90*4 ; Cord Corp .... 2 474 4*4 4*4 Corroon & Reyn.. 15 5 5 J t'osden Oil Me »d) 6 2*4 2*4 2*4 j C'taulds a23 9-lOc 5 11*4 11*4 1174 ICrane&Co 3 26*» 25*2 25*4 ! Creole Pet (b20c) 19 27*« 27*4 27ki Crocker Wheeler. 1 9*4 9*4 9*4 Croft Brewing .31 1 1 Crown Cent Petr 8 2*4 2*4 2*4 Crown Cork Int (A) (11) 1 15*4 15*« 15*4 Crown Drug a 10c. 15 5 4*6 4*4 Cusi Mei Mining 6 1*4 1 1 Davenport H (1). 1 15 15 15 Derby Oil ft R 2 3S 3*» 5*4 Dlctograptnal5c) 12 11*2 10*« llh Doehler Die Cast 3 28** 27*4 27N ! Dow Chemical (2) 1 102 102 102 40 l ;iOr 8?) fi9 Eagle Pitcher Ld 2 10% 10% 10% Eastn U&F Asso. 3 7% 6% 6% Eastn G&E pf 1 (A) (6) _150s 63% 63% 63% Eastn G&E prpf(4%)_125s 75 75 75 I Easy Washing Mach B <t50>_ 4 11 11 11 ! Elsler Elec Corp 2 3% 3% 3% j Elec Bond&Share 156 18% 18 18 Elec Bd&Sh of (5) 4 68 67 67 Elec Bd&Sh pf (6) 3 78 77% 77% Elec Pwr & Lt optl war __ 3 6% 6% 6% Elec Pwr & Lt 2d pf tA) _25s 46 46 46 Elec Sharehold pt ww iJ3> 25s 90% S0% 90% Elgin Nat W a75c 75b 36 35 35 Emp G&E 8% pf 50s 52 52 52 Equity Corp .. 17 2% 2% 2% ■x-Cel-O A&Tool 7 16 15 15 FalstaK Brewery. 3 6% 6% 6% Ferro Enam <K0c) 3 32% 32% 32% Fiat rets (a93%c) 1 20 20 20 Ftdello Brewerv 1 % % % Film Insp Mach.. 1 ft -fc ft Fisk Rubber 9 5% 5% 5% Fisk Rub pf (6) . 75s 56 55% 56 Flintkote (a75c)_. 3 37% 36% 36% Ford Motot (Can) A <b50c) 8 22% 21% 22% Ford M C B <b50c) 25s 25% 25% 25% Ford Motor Ltd (18 1-lOc) 7 7% 7% 7% Froedtert Gr & M cv pt (1.20 > 50s 17% 17% 17% Gen Flrep’f (40c). 2 15 15 15 Gen Rayon Ltd A 2 1% 1% 1% Gdn Tel (a26c)_ 2 15% 15% 15% Gen Tire & Rub 100s 72% 72% 72% Georgia 1'w pf (6) 25s 82% 82% . 82% Glen Alden C (1). 4 14% 13% 14 Goldfield Consol4 % % % Great Atl & Pac Tea 1st pf «7) 50* 12614 126 126% Great Northern Paper (1) . 200e 27% 26% 26% Greenfield T & D. 1 6% 6% 6% Groc Store Prod_ 1 2% 2% 2% Gulf Oil (a25c)_— 11 80 78 78% Hall Lamp (alOc) 2 6% 6% 6% Harvard Brewery 4 4% 4% 4% Hazeltine (3)_ 4 14% 14 14% Hecla Min <60c)__ 5 13% 13% 13% Holllnger G(t65c) 1 15 15 15 Horn&Hard pt <7) 30*109 109 109 Hudeon BM&Sd) 1 26% 26% 26% Humble Oil d)... 26 59% 57% 57% Huyler** of Del . 1111 Huyler's ol Del pf stamped (4) 150s 22% 22% 22% Hydro Elec Secur 2 7% 7% 7% Hygrade Food 1 4% 4% 4% Hygrade Syl (2). 125a 32 32 32 111 Pw&Lt 26 pf... 60s 40% 40% 40% Imp Oil Ltd counon (t60c)_ 17 22% 22 22% Imp Oil Ltd reg <t50c)_ 3 2214 22 22 Indus Finance vtc 2 144 144 144 Indus Fin 7 % pf 25s 9 9 9 Ins Co of NAm(2)150s 7314 7314 7314 inti Mining war . 1 344 344 3*4 inti Petro <tl!4). 10 3714 37 37 inti Products_ 1 414 414 414 Inti Util <B) 6 111 Inti Vitamin t40c. 1 744 7*4 744 Interstate Hos (2) 2 29 29 29 Interstate Power (Del) pf 10s 22 22 22 Investors Royalty 6 44 14 44 Irving Air Ch d). 6 2014 2014 2014 Jersey Central P & L 514 % pf_ 225s 79 79 79 Jonas & Naum .. 2 3 8 3 Kans City P 8 vto 3 14 H M Kansas City Pub Svc vtc pf A .. 1 3T4 314 314 Kingsbury Br <d) 1 21* 21* 214 Klrbv Pet <200 2 414 41* 4V< Knott Corp(alOc) 2 4*4 414 4*4 Koi’pers Gas A Coke pf (6) 25s 10U4 10114 10114 Kreuger(G)Brd) 1 23 23 23 Lake Shore M (4). 16 6744 6714 .67* ► stock ana saiei— Dividend Rate Add 00 HI ah. Low Clou Lakey Fy ft Mach 2 6 5% 5% LefcourtR pf *75c 2 17% 16% 16% Lehigh CftN(JOc) 13 8% 7% 8% Leonard Oil - 14 % % % Lion Oil ft Ref 3 11% 11% 11% Lockheed Aircraft 2 7 7 7 Lone-Star Gas 40c 2 12 11% 11% Long Island Light 6 4% 4 4% i*a Land I40c) _ fil 13% 13 13 Lynch Corp <21—. 1 41 41 41 Mangel Stores ... 1 4% 4% 4% Mangel Stores pf- 10s 48 48 48 Marvl'd Casualty 6 3% 3% 3% Masonite Corp tl-250k 83% 83 83 McWms Dredg(4) 50s 75 75 75 Mead John (ts) 3 91% 91 91 Memphis N G a20c 1 5% 5% 5% Mercantile Stores 1 28% 28% 28% Merritt Chap ft S- 4 8% 8% 8% Mich Gas ft OH . 1 4% 4% 4% Midi St Pet-vtc A. 1 3% 3% 3% Middle States Petrol vtc iB>_. 2 1% 1% 1% Mining Co (Can). 3 1% 1% 1% Molybdenum Corp 10 8% 8 8 Mount Prod i60c) 8 6 5% 6 Mueller Brass 80c 1 28 28 28 Nat Bella Hess . 8 2% 2% 2% Nat Candy Co (1). 1 14% 14% 14% ! Nat Fuel Gas M >. 7 18% 17% 17% Nat Gypsum (A)_. 5 49 48 48 Nat Investors 6 2% 2 2 Nat Inv pf (al.50) 20s 77 76% 76% Nat Container (2) 1 25% 25% 25% Nat Onion Radio 2 % % % Nat Rubber Mach 1 4% 4% 4% N J Zinc (2 > 550s 78 77% 77% New Mez&ArtzLd 9 3% 3% 3% NYP4Lpl(7) 20s 109 109 109 Newmont Min (2) 1 82% 82% 82% Ntag Hud Pwr - 11 8% 8 8%, Niagara Shares (Md) B (alOc) 3 9 8% 8% Niles-Bem-Pond 1 36% 36V* 36%; N’lplsslng (a2nc) o Noma Elae <a40c) 15 6 5 North AmL&P 14 4 3% 3% North AmL&P of 600s 40 39% 39% North'n Euro Oil- 1 ft Hi ft Northwest Eng... 2 20% 20% 20% Novadel Ag <2) 1 41 41 41 Ohio Oil cu pf 46> 1 108% 108% 108% Ohio Pwr pf <6) _. 20*111 111 111 Oldetyme Distil— 16 8% 8 8Va Pacific Eastern- 14 4 4 Pacific G & E latpf<l%> - 7 32% 32% 32% Pac Tin spec <*2). 50s 37% 37% 37% Pan-Am Air (1) - 4 57% 57 57 Pantepec Oil — 53 6 5% 5% Param’t Motors— 15 5 5 Pennroad (b20c)_ 16 4% "4% 4% Penn P&L pf (7) 20s 108% 108% 108% Pepperell Mfg(3l 30s 57% 57% 57% Perfect Circle (2) 50s 34% 34% 34% Phillips Packing 1 12 12 12 Phoenix Secur 3 6% 6% 6% Pioneer Gold Mines Ltd (80c) _ 11 9% 9% 9% Pitney Bowes PM (320 . 2 9 8% 8% Ptttsb eh Forging 2 9% 9 9 Pitts& L E (t2%) 180s 71 70% 70% Pittsb'gh PU(t2) 1 122 122 122 Potrero Sugar 1 4% ,4% 4% Premier Gold tt2e 12 2*4 2% 2% Pressed Met(l%) 4 28% 28 28 Pub Svc Okla Prior lien *6) 10s 94% 94% 94% Puget Sound Pwr & Lt J.S pf 75*65% 64% 64% Puget Sound Pwr * Lt IB pf 275*27% 26% 26% Pyrene Mfg(a20c) 7 7 7 7 Ra vm'd Concrete 50s 13 13 13 I Ry&Lt Secia25c) 100s 19% 19% 19% Red Bank _ 2 8% 8*a 8% Reiter-Foster_ 1 HI HI HI Reliable Stores 1 15% 15% 15% Revnolds Invest-. 3 2% 2% 2% Richfield Oil of Calif pf (d) 3 1% 1% 1% Richmond Rad 2 4% 4% 4% Root Petrolmeum 6 14% 14% 14% Root Petroleum cvprpf(120)_. 1 18% 18% 18% Rustless Ir & Stl. 2 4% 4 4 Ryan Consol _ 8 3% 3% 3% St Kegls Paper 6 3% 3% 3% St Reels Paper pf 200s 58 67 67 Salt Creek Pc80c i 4 8 7% 8 Schulte Real E*d) 1 <% % % Seeman Bros t2 % 2 41% 41% 41% Secur-lorp Gen 1 4% 4% 4% Segal Lock *H 19 3% 2% 2% Pel Ind ill cfs 5% 100» 88% 88% 88% Seton Leather 2 10% 10% 10% Shat tuck Den Mir 5 6 6 6 Sher WtlllamsM) 100*122 121% 122 •Smith Porona vtc 1 22% 22% 22% Monotone *a5c) 1 2% 2% 2% South Penn O tl % 7 35 34% 34% Southn Calif Eo pf (B) 11 % i .. 1 28% 28% 28% pf(C)U%> .. 1 26% 26% 26% Southl’d Roy 20c 4 84 8 8 Square D Co pf A (2 20) 50s 304 304 304 Stahl Myer Inc .. 2 2% 2% 2% Stand Brewing_ 2 4 4 4 Stand Ull Ky 11). 11 18% 17% 18% Stand Oil Ohio .. 8 284 274 274 Stand Oil Nebr 1 12 12 12 Stand SilAl. tale) 14 4 4 Sterling BrtalOc) 2 54 5% 54 Stetson tj B) 100s 17% 174 174 | Stutz Motor 3 3 2% 2% I Sullivan Machine 2 18 17% 18 SunrayOil 121 4% 44 4% Sunshine Min (2) 7 184 18% 18% Swtss-Am El pf 150s 66 66 66 Swiss Oil tt20c)-- 8 4% 4% 4% Taggart Corp 2 6 6 6 Tampa Elec (2.24) 2 36% 36% 36% Tasteyeast t Del)A 5 3% 34 3% Taylor Distill_ 8 54 5% 5% Technicolor Inc . 8 304 29 29 Teck Hughes!40c) 3 4% 4% 4% Texas Gulf Prod. 6 54 54 54 Thermold Co pf... 50s 54 54 54 Tonopah Mining £ H # U Trans-Lux Dayllte Ptc Sn (20c) .. 3 44 4% 4% Trl-Contl C war.. 5 34 34 34 Tung-Sol Lamp n. 4 94 8% 8% Tung-Sol Lamp pf new (800, 1 124 124 124 Twin Coaah (alOc; 7 12% 124 124 Unit Air war__ 3 14 14 14 Unit Corp war_ 2 14 14 14 Unit Gas Corp_ 25 7% 7% 7% Unit Gas C war 9 24 2 2 Unit Gaa Corp pf. 1 100% 100% 100% Unit Lt ft Pw (A) 5 64 54 5% Unit Lt & Pw pf _ 11 42% 42 42 UnltedMolasses td (a!> 3-lOc) 1 5% 5% 5% United Shipyds, B 3 3 3 3 Unit Shoe M »2 4 75a 86 854 86 U S Foil! B)(60c) 3 17 16% 16% U S Lines pf .. 1 2 2 2 U S Radiator pf . 100s^20 19 20 U S Rub Reclaim it 4 4 4 Unit Wall Paper-. 12 5 5 5 Utah Apex .. 2 14 14 14 Util Pwr & Lt pf-. 50s 22% 22% 22% Utility Equities 1 3% 3% 3% Utility & Indus pf 5 34 3 34 Venezuela Petrol. 3 1% 1% 1% Waco Aircraft_ 3 74 74 74 Wayne Pump_ 9 28% 28 28 W Va Coal & Coka 2 3% 3% 3% Weatn Air Ex(n) 1 84 84 84 WU-low Cafeteria 1 14 14 14 Wll-low Cafe pf_. 2 74 7 7 Woodley Pet (40c) 2 84 84 84 Woolworth (FW) Ltd A <66%c_ 5 324 824 324 Wright Harg t40o 8 84 8 84 Yukon Gold_ 34 24 ' 2 2 Dividend rate In dollars baaed on last quarterly or aami-anniiai nrmem mb nual rate-pint extra {Accumulate divi dends a Paid chit year bPald lait year dComoanles reported tn recelverehlp or being reorganized ePayable tn ttock fPl'is partial distribution of assets Bx-dtrldend FREIGHT LOADINGS. NEW YORK. May 19 UP\.—Revenue freight car loadings on railroads reporting today tor week ended May 16 included: Week Previous Last May 1(1. week. year. Ches. & Ohio— . 32,105 32.173 26.501 Chicago & N. W.* 24.867 25 221 21.463 St. Paul_ 26.154 2b.I04 22.383 Nickel Plate_ 14.177 14.243 11.471 Pere Marquette _ 11.383 11.667 0.331 Southern Pacific. 35.489 35.003 28.620 Missouri Pacific- 22.717 23.012 19.197 Rock Island_ 22.918 23.625 19.419 Frisco_ 12,900 12.788 11.361 Wabash _ 13.146 1.3,629 11.824 M-K-T_ 7.216 7.400 5.946 •Ore loadings not Included. METAL MARKET. NEW YORK. May 19 API.—Copper quiet; electrolytic, spot and future. 9.50: export. 9.15. Tin easier: spot and nearby. 46.00: future. 44.70. Iron quiet unchanged. Lead steady: spot. New York. 4.60a4.65: East St Louis. 4.45. Zinc dull: East St. Louis, spot and future. 4.90. Aluminum. 19.00a 22.00. Antimony, spot. 13.50. 100 TONS OF LEAD SOLD. NEW YORK. May 19 OP)'.—'The St. Joseph Lead Co. reports that 100 tons of pig lead from Southeast Missouri mines were sold yesterday at $4.45 per 100 pounds St. Louis. L OIL MEN WATCH MKflUB Supplies of Both Crude and Gasoline Soar With Record Output. BY BERNARD S. O’HARA, Associated Press Financial Writer. NEW YORK, May 19.—The oil in dustry has, theoretically, enough con trols on production to give it the healthy balance it has been seeking these many years. But. in spite of all the codes and proration agreements, executives of the industry have lately been showing growing concern over a rather rapid increase in stocks of both crude oil and gasoline. For the last few weeks crude pro duction has been running close to a record rate. During the week of May 16 it soared up to a level Just above 3.000,000 barrels daily, according to authoritative estimates. This is the highest ever recorded since the indus try has been keeping statistics. In several preceding weeks the output hovered around the 3,000.000-barrel mark. Stocks Up Sharply. The high level of output has re sulted in a considerable increase in domestic stocks in spite of a normal seasonal expansion in runs to refiners and an increasing trend in consump tion of gasoline. Some of the leaders in the industry are reported to be studying with a little anxiety the crude and gasoline price structures, which until lately were thought to be in a sound condi tion for some upward revisions. The talk now in some quarters is that cuts may have to be made in crude in certain sections unless the rising trend in output can be checked. These price fears have, it is under stood. penetrated to mc*t quarters of the industry by reason of recent re ductions in gasoline quotations at some points along the Atlantic sea board and in Midwestern areas. Output Average Rises. TULSA. Okla , May 19 OP).—Gross daily crude oil production in the United States totaled 3,005.440 barrels during the week ending May 16, the oil and gas journal reported today. The figures represented an increase of 43,068 barrels over the previous week when the daily average produc tion was 2,962.372 barrels. Oklahoma again led in the increase, showing a total of 560,525 barrels daily, an increase of 26,700 barrels over the previous week. East Texas, showed a slight de crease. dropping 2,642 to a total of 455,197 barrels while the total State of Texas was up 9,419 barrels, aver aging 1,180.131 barrels daily. Production in Eastern fields, in cluding Michigan was virtually sta i uonar>. aecreaauig utuicu a total of 142,099 barrels. DIVIDENDS ANNOUNCED NEW YORK May 10—Dividends de clared 'prepared by the Standard Statistics Corp.): Accumulated. Pe- Stock of Pay Rate riod. record, able. Col Auto Pts $2 cv pf _25c_5-22 H-1 Kahns 'El S A pt pf_S6 78 __ 5-15 5-18 Tilo Roofli.2 S2 pf_S3_4-14 4-27 Initial. Detroit Gask&Mft pf.30c_ 5-20 6-1 Reduced. Nashua Gum A C Pap.25c — 5-11 5-15 Increased. Gordon Oil (Ohtoi B.40c „ 5-20 6-1 Kennecott Cop Corp.30c .... 6-20 6-30 Utah Copper Co..—65c.. 5-29 *>-30 Ferro Enamel Corp_25c __ 6-10 *>-20 American Surety Co.Sl.25 __ 6-15 <-l Extra. Invest Corp Phil_50c — 6-1 6-15 Morris Finance Co A_.5oc — 6-20 6-30 Do B_10c 6-20 6-30 Muskeson Piston Rg_25c_ 5-29 6-30 Rich Ice Cream_25c __ 4-la o-l U S Playing Card_25c 6-20 7-1 Regular. Ala Wat Svc S6 pf_.Sl.50 Q 5-20 6-1 Bishop Oil_2c Q 7-1 7-15 Brantfd Cord 1st pf.-50c_. 7-8 7-15 Bklyn A Qu Tr SO pf.75c Q 6-15 7-1 Clima\ Molybdenum..2t*c 6-10 6-30 Congolrum-Nalrn _40c Q 6-1 0-15 Continental Casualty _25c Q 5-15 6-1 Daniels A Fisher Str 6>2'- pf_«.Sl.C2‘i Q 5-21 6-1 Fok 'Peten Brew_20c Q 6-15 7-1 Do cv pf_15c Q 6-15 7-1 Green Mt Pow $6 pf.Sl.50 Q 5-15 0-1 Hiram W-Gcod Worts.SOe Q 5-25 0-15 DO. pf_25c Q 5-25 6-15 Hudson Bay Mns & S.50c S 5-29 6-29 Invest Corp of Phil_50c Q 6-1 6-15 Libby McNAL (S', Df_.$3 S 6-19 7-1 Midw Rub Rec $4 pf__$l Q 5-20 6-1 Montreal Loan A Mtg_50c Q 5-30 0-15 Morris Finance A_$1.50 Q 6-20 6-30 Do. B_._30c Q 6-20 6-30 Do. pf_$1.75 Q 6-20 6-30 Muskegon Piston Rine_25c Q 5-29 6-30 Nashua Gum A Coated Paner 7') pf_$1.75 Q 6-24 7-1 Niag SC (Md) 6r7 pf.$1.50 Q 6-15 7-1 Do. B_10c 6-22 7-15 Paraffine Cos_50c Q 6-lo 6-27 Patrson A Pas GAE.S2 50 S 5-20 6-1 Pa Pow Co $6.60 Pf..55c M 6-20 7-1 Do __55c M 7-20 8-1 Do. _55c M 8-20 9-1 Do. $6 pf_$1.50 Q 8-20 9-1 J?ub S H A G 77 pf-$1.75 Q 6-1 6-30 Do $5 Pf_$1.25 Q 6-1 0-30 Rich Ice Cream_25c Q 4-15 5-1 Royalty Inc Sh ser A_1 14c_ 4-30 5-25 8inger Mfg Co Ltd adr for crd reg_28.6c 4-24 5-23 S Jers Gas El A Trac_$4 8 5-20 6-1 Southw Cons Gas Ut.SOc __ 5-20 H-l Standaid Oil of Ky_25c Q 5-29 6-15 Sylvania Industrial_2oc Q 0-5 0-15 Ttlo Rooflne $2 pf_50c Q 6-20 7-1 Tob Sec Tr Ltd ad r for ord reg_19.8c .. 4-30 5-22 United St Graphite_50c Q 6-1 6-15 Do.-50c Q 9-1 9-15 Do. ..;_50c Q 12-1 12-15 U S Playing Card_25c Q 6-20 7-1 Whitehl Dis 7V cv pf.l7*2C Q 5-1 5-15 Wlscon P S 7*7 pf__S7'2C Q 5-29 6-20 Do. 6*2*7 pf B-81 lac Q 5-20 6-20 Do. 6'a77 pf_81 '«c Q 5-29 6-20 Do. 6', pf C_75c Q 5-29 6-2(1 Zellers Ltd (S', of_.$1.50_ 7-30 8-15 Consolidated Film pf._25c _. 6-10 7-1 Driver-Harris Co pf.$1.75 Q 6-20 7-1 Edison Bros. Stores_40c Q 5-29 6-15 Goldblatt Bros_37*/ic* Q 6-10 7-1 Humble O k Rrflninc 25r O 6-1 7-1 Ohio Edison So pl__S1.25 Q 6-15 7-1 do S« pfd_$1.50 Q H-15 7-1 do $6.60 pfd_$1.65 Q 6-15 7-1 do $7 pfd_$1.75 Q 6-15 7-1 do $7.20 pfd_$1.80 Q 6-15 7-1 Southern Colorado Pw 7'S. cum pfd_$1 Q 5-29 6-15 Commonwealth & South $6 cum pfd_75c __ 6-12 7-1 Con Gas of Baltimore-UOc Q 6-15 7-1 National Sugar Refill.-50c Q 6-1 7-1 New Eng Tel & Tel_$1.50 Q 6-10 6-30 •Or l-40th share of common, at atock holder's option. NEW YORK BANK STOCKS NEW YORK. May 19 UP.—New York Security Dealers’ Association' (Quotations as of 2 o'clock.) Bid. Asked. Bk of Man (1%)- 35 26% Bankers Tr (2)- 55 57 Cen Han Bk & Tr (4)-107 110 Chase Nat (1.40)- 36 38 Chem Bk & Tr (1.80)- 52% M% Comm-rcial (8)-169 Cont Bk & Tr (.80)- 17% 18% Corn Ex Bk * T (3)_ 59% 60% Empire Tr (1)_ 22% 23% First Nat (Bos) (2)_ 44% 46% First Natl (100)_1B00 1940 Guaranty Tr (12)- 280 291 Irvine Tr (.60)- 14% 15% Manufacturers’ Tr (la)- 47% 49% Natl City (1)_ 31% 33% N Y Trust (5)_116 119 Public (1%)_ 39% 41% Title G & T_ 9 10 a—Including extras. MONTREAL SILVER. MONTREAL. May 19 (IP.—Silver fu tures opened steady. Sa30 lower. May, 45.35b: July. 45.50b; September. 45.65b, b—Bid. , - • FOREIGN MARKETS. LONDON. May 19 UP.—Investment is sues and foreign bonds were supported in today s stock market, and oils, with the exception of Mexican Eagle, improved Operators reduced commitments otherwise which caused an easing in prices, and the market closed undecided. PARIS.—The French Labor Federation s de.rand that the next government na tionalise war industries caused prices to react heavily in the Bourse. Rentes, hank, metal, chemical, electric and coal share; •lumped, but International issues held steady. Tha close was irregular. k M„ K, T. TO REPAY GOVERNMENTS Liquidation of $2,300,000 R. F. C. Obligation on May 28 Ordered by Board. By tnc Associated Press. NEW YORK, May 19.—Liquidation May 28 of a $2,300,000 R. F. C. loan to the Missouri-Kansas-Texas Rail road was voted today by directors of the carrier. Recommendation that the three year loan, obtained May 28, 1935, be repaid at this time was made by Matthew S. Sloan, chairman and | president. Sloan told directors that the j “Katy's” cash position, improving I conditions in the Southwest and the | outlook for the remainder of the : year justified termination of tile ool’ gation. Throughout the depression the road met all interest requirements, i he said, and the R. F. C. note is its ! only outstanding current obligation. Sloan pointed to a 20 per cent in , crease in gross earnings for the first i four months of the year as evidence j of the marked improvement being ex isciicuicvi uy liic iuau. rxr catiuiciit'U j better than a 21 per cent increase in : earnings for the first six months tnc said that further steady improvement throughout the remainder of 1936 was anticipated. Payment of the loan, he said, would effect an interest saving of $92,000 annually and would leave in the road’s treasury roundly $3,700X00, i which would be sufficient for current requirements, and that estimated earnings for 1936 indicated a year-enc cash balance of $6,000,000. 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 citie: gave the following summary of the principal assets and liabilities on May 13, together with changes for the week and for the same week last yeai in millions of dollars: May 13. May 0. May 15 lhans and 1035. Investments $21,820 —77 -t-2.071 ; Loans to brokers and dealers— In N Y. City. 989 —51 + 151 Outside N- Y. City 208 — 4 4- 3f Loans on securi ties to others except banks 2.080 — 3 — 6' Acceptances and commercial pa per bought 336 — 5 — 6t Loans on real est. 1.146 + 21 Loans to banks 100 — 1 — 21 Other loans 3.519 +10 + 221 U. S. Government direct obliga tions _ 872 +25 +1.021 Obligations fully guaranteed by 1 o to J 11 > etir Other securities 3.301 —59 + 24' Reserve with Fed e r a 1 Reserve banks _ 4.537 +79 + 69f Cash in vault 383 —13 + 81 Balances with do mestic banks 2.250 + 8 + 1 < 1 Demand deposits ._ —adjusted . 14.272 +12 +1.93* Time deposits 5.056 —20 + •<< U. S. Government deposits 752 — 2 — l-> Interb'k dep'its— _ , Domestic banks 5 492 + 1 + ,0( Foreign banks 382 + 3 + lb; Borrowings _ _ _ — 1 FEDERAL LAND BANKS NEW YORK. May 19 iff).—Federal Lam Bank bonds. (Quotations as ot 2 o'clock.) 4%S Nov.. 1958-38- 107% 108 4%s May. 1957-37—- 103% lot’ 41 is Jan . 1957-37- 102% 102 4%s July. 1050130-101 101' 4s May. 1958-38 _105% 10)’ 4s Nov., 1957-37 - 104% 1044 4S July. 1946-44 -101 % 110’ 3 %s May, 1955-45 - 102% 101’ 3s July. 1955-45 - 100% 10O’ 3s July. 1950-40 _100% 100’ 3s May, 1956-48 wi-100% 100’ U. S. TREASURY POSITION. By tnc Associated Press. The position of the Treasury May 16 Receipts. $0.577.795.61: expenditures $18,090 761.39; balance, $2,377,550. 822 33 custom* receipts for the month $17,643,505.87. . , , . , Receipts for the fiscal year (since Jul 1). $3,497,221,903.15: expenditures. 80. 324,072.939.24 (including $2,941,991. 901.03 of emergency expenditures!: exces of expenditures. $2,826,851,030.09. Gros debt $31,541,529,795.88. a decrease o $330,748.00 under the previous day. Gol< assets $10,355,154,218.52. Receipts for May 18. 1935 (comparabl: date last year!. $11,310,343.46: expendi tures. $16,087,847.90: net balance. $1. 027.780,410.52: customs receipts for th month. $18,500,508.38. Receipts for the fiscal year. $3,260,255. 918.35: expenditures $0,314,705,397.71 including $3,148,280,473.05 of emergenc: expenditures: excess of expenditures. $3. 054.509,479 36: gros* debt. $28,583,175. 923.48; gold assets. $8,748,836,314.90. CHICAGO LIVE STOCK CHICAGO. May 19 OP! (United State: Department of Agriculture).—Hogs. 12. 000. including 3.500 direct; fairly active strong to 10 higher than Monday's aver age; top. 9.75: bulk. 100-280 pounds 9 45a06: 140-160 pounds. 9.00a50; 280 350 pounds 9.10x60: sows. 8.40a70. — . -, . n rn,v._1- .1 enn. i Main predominating in crop: market stow only activity early being on light steer: and light-weight yearlings, the selllni about steady consistently with a depend able market on yearling heifers: blddtm weak to auarter lower on medium weight: and weighty bullocks: cows scarce, full: steady: nulls lOalS higher on shipper sc counts: verniers steady: early top. 1.000 pound vearllngs. 8.90: no choice weight: steers sold: numerous loads fed heifers 7 75a8,26; best early. 8.50; practical toi weighty sausage bulls. 6.35; selected veal *r Sheep0 8«.000: fat lambs steady U strong: Springers unevenly higher in in stances: early bulk desirable clipped lambs 9 75al0.25: load strictly choice weight: Colorados. 10.50; choice native 8printers largely ll.75al2.0O: sheep steady to weak most shorn ewes 3.00a75: few 4.00. MONEY MARKET.* NEW YORK. May 19 opi.—Call mone: steady: 1 per cent all day: prime commer cial paper, a* per cent: time loans steady 60 days-six months. 1V« per cent: bankers acceptances unchanged: rediscount rate New York Reserve Bank, l W per cent. April Consumption Of Iron Ore Shows Big Gain Over 1935 I By tee Associated Press. 9 CLEVELAND. May 19—Iron ore consumption at furnaces during April was 3,485.293 tons, an increase of 47 per cent over the amount consumed in April a year ago. and 587,426 tons greater than March consumption. Ore on hand at furnaces May 1 was 15.239.742 tons, with 4,129,948 tons on hand at Lake Erie docks. The total on docks and at furnaces, 19, 369,690 tons, compares with 24,816, 783 tons on hand May 1, 1935. The number of furnaces represented increased 15 in April to 202. INVESTING COMPANIES NEW YORK May 19 —New York Se curity Dealers Association: (Noon quotations.) Bid. Asked Admin Fd 2nd Inc- lo.95 18.97 Am Gen to Inc_ 1.00 112 Am Butin n s Snrs_ 1.09 1.19 Am Ins Slocks_ 3.8' 5 4 5u Basic Industry _ 4.42 _ Broad Street Inv_ 28 43 30.41 Bullock Fund_17.oo 18.50 • Corporate Trust_ 2.04 _ Sorporate Trutt A A_ 2.5a - orp Tr A A mod_ 3.1k - | Corp Tr Accuin Ser- 2.55 - ' Corp Tr Acc Mod_ 3.IK _ i Cumulative Tr S:i- 5.84 - Depos Bk Sh N Y A_ 2.25 2.50 * Depos Ins Shrs A_ 3.88 - Depos Ins Slits B ’_ 3-.8S 4.o5 Diversified Tr C- 4 35 4.85 Dividend EJhrs_ 1.58 1.71 Equity Ccrp pf_ 41.00 45.no Fidelity Pund Inc_ 25.14 27.08 First Boston Corp_47.oo 48.50 Fixed Trust Sh A_11 43 _ Fixed Trust Sh B_ 9.51 - Fund Investors Inc-21.3!* 23.49 Fund Tr Shrs A_ 5.79 8.38 Fund Tr Shrs B_ 5.51 - 1 Gen Investors Trust_ 5.72 8.28 Group Sec Agriculture_ 2 on 2.18 Group Sec Automobile_ 1.43 1.58 Group Sec Buildine_ 1.79 1 94 Group Sec Chemical_ 1.48 1.59 Group Sec Food_ 1.11 1.21 Group Sec Merchandise.. 1.15 1.28 Group Sec Mining_ 1 45 1.58 Group Elec Petroleum__ 1.23 1.34 Group Sec R R Equip- 1 05 1.15 Group Sec Steel_— 1.40 1.52 ! Group Sec Tobacco_ 1.27 1.38 ; Huron Holding _ .45 .80 Incorp Investors _ 21.24 22>4 I Inv Tr N Y Coll “A *_ 5.875 - I Investors Pd C” Inc_ 94.19 98 09 • investors Pund of Am_ 1.01 1.11 Major onrs corp_ - < o - Maryland Fund_ 18.42 19.92 ' Mass Invest Tr_24.fit* 20.10 Mutual Invest_- 1.45 1.58 Nation Wide Sec___ 4.11 4.21 Nation Wide vtc_ 1.89 1.83 N Y Bk Tr Shrs_ 3-375 - North Am Bond Tr ctfs- 73.50 *7.. 5 Nor Am Tr Shares_ 2.50 - Nor Am Tr Sh 1955_ 3.25 Nor Am Tr Sh 1950_ 3.21 - Nor Am Tr Sh 1958_ 3.25 - Northern Secur -55.05 -- Plymouth Fund Inc- .95 1.08 i Cuarterly Income Sh_ 1.51 1.8# 1 Selected Am Sh_ 3.45 ----- Selec Am Sh Inc_ 1.48 1.84 Selected Cumul Sh_ 9.03 - Selected Income Sh_ 4 07 - Selected Indur- cum cv pf-_ »7.5f» 19.00 Spencer Tra«k **und- 19.14 20.35 Stand Am Tr Shrs- 3 85 3.90 Ptand Util Inc. _ 97 .99 Super of Ar Tr A_ 3.47 - Super of Ar Tr AA- 7.38 - Super of Am Tr B - 3.00 - i Super of Am Tr FB- 2.38 - Suoer of Am Tr C- 8 .-*1 - Shipcr nf Am Tr D _ o ni — 1 Supervised Shr* new_ 17 87 13 99 Trustee Stand Inc C- 2 43 - Trustee Stand Inv D_ 2.38 — I Trusteed Am Bk “B"_ 1.81 1.13 Trusteed Industry Shrs_ 1.35 1 49 Trusteed N Y Bk Phrs_- 1.4 7 3.07 CHICAGO PRODUCE. CHICAGO. May 19 'TV—Poultry, live. 35 trucks: steady: hens. 5 pounds and less, 201-: more than 5 pounds. 10: Leghorn hens. 18: White Rock Springs._29: Plymouth Rocks. 28: colored. 2H1 a: White 1 Rock fryers. 28: Plymouth Rocks. 27: colored 25: Plymouth and White Rock | broilers. 25: colored. 24; barebacks. 20a 22: Leghorn broilers. 11a pounds up. 24: less than l'i pounds. 23: roosters. 14: turkeys. 18a20: heavy old ducks. 15: heavy young. 16: small white ducks. 13; small colored 12: geese. 11. Butter. 11.853: steady, prices unchanged. Eges 38.251: unsettled, prices unchanged. United States Department of Agricul ! ture—Potatoes 73: on track. -’57: total United States shipments. 48ft. New stock: 1 California stock slightly weaker, other 1 stock firm: strong undertone: supplies moderate, demand light: Bliss Triumphs. Alabama. U. S. No. 1 2.75ai>0: Louisiana U. S. No. 1. 2 75a!»0: U. S. No. 2. 2.15: Mississippi U S. No 1. 2.85: Louisiana Russet Buibanks. V. S. No. 1. 2.75: Cali I fornia White Rose. U. S. No. 1. 2.85a!)5: one car. 3.05. Old stock: strong, sup plies light: demand good: sacked per ewt. Idaho Russet Burbanks. U. S. No. 1. 2.75a 05: Colorado Russet Burbanks generally , fair quality and condition 2.«0a70: Mich igan Russet Rurals. U. S. No. 1. 1.90: Minnesota Early Ohios. fair quality 1.80: North Dakota Cobblers, fair quality and condition. 1.80: Early Ohios. fair quality. 1.75. GASOLINE REDUCED. NEW YORK, May 19 Major oil companies reduced all grades of gaso line 2 cents a gallon in Lucas and ! Wood Counties, Ohio, to meet a simi ' lar reduction by a large independent distributor. Activity Slows Up in May After Reaching Peak in Previous Month. Special Dispatcn to ine mar. NEW YORK. May 19.—After reach ing a peak in April, which has only been touched jnce before since 1930 machine tool sales are apparently slowing down somewhat in May, re ports American Machinist. An interesting thing about the ma chine tool figures is that domestic business accounts for a much larger proportion now than it did last Au gust. Distributors believe that inabil l ity to make deliveries is largely re sponsible for the drop in orders. With few exceptions, manufacturers have j considerable backlogs of orders on | which to work. I In the East inquiries are excellent, i but closing is becoming rather more ! difficult. May started out slowly, but ; has been gaining speed, particularly :n New England. Several machinery building plants ' in this region have laid off men re ! cently In and around New York business | continues at the satisfactory level reached in April, and distributors look forward to at least one or two months more of activity. In Philadelphia the prospects are that May will be better than April, which was not so good in that section Inquiries are looking up in Pitts 1 burgh, particularly from small con i cems, many of which have been out of the market since 1930. These prospective customers are apparently unable to get the types of second hand tools they usually buy and have been forced to inquire for new equip ment. Cleveland shops have plenty of work on hand and inquiries are active, j Machine tool builders have so much j work ahead that they will probably j be able to Keep goirg all through the Summer regardless of any slowing down in orders that may occur. The i shortage of skilled men Is acute, but j metal-working plants are vigorously competing for trained labor and bid ! ding up the wage levels. Orders are not quite as plentiful as they were in April in the Cin cinnati territory', but here again manu facturers are booked solid for months ahead and have therefore been un able to accept orders for early de livery. Orders for metal-working equip ment in Detroit are slowly rising, al though the day-to-day variation is wide. Distributors expect important releases, especially for tool room equip ment, in the near future. A certain i amount of political caution is be j lieved to be restraining purchasing optimism. NEW YORK BAR SILVER. NEW YORK. May 10 <*>>.—Bat silver weaker, U lower at 45'',. _T T 17 : KENNECOn LIFTS Directors Boost Payment to 30 Cents, Compared to Previous 25 Cents. By the Associated Press. NEW YORK. May 19 — Directors of Kennecott Copper Corp today ordered an increase in the dividend rate to 30 cents a common share. In the pre vious quarter 25 cents a share wad paid. Today’s lilt is the third since divi dend payments were resumed Jun* 5, 1934, with a declaration of 15 cents. In November, 1935, the rate was raised to 20 cents a share and three months ago it was increased to 25 cents a share. Directors of Utah Copper Co., a subsidiary, more than 98 per cent owned by Kennecott, ordered a divi dend on the common stock of 65 cent* a share. Three months ago a pay ment of 50 cents was made and six months ago a capital distribution of. $1.50 a share was ordered. The dividends of both Kennecott and Utah Copper are payable Jun# 30 to stockholders of record May 29. POWER OUTPUT MOUNTS. NEW YORK. May 19 04>).—Electri# output of the Commonwealth & South ern Corp system for April was 609, 456.904 kilowatt hours, an increase of 19 5 per cent over April, 1935. — ' . 1 STATEMENT OF CONDITION. CHEVY CHASE SAVINGS BANK, Washington. D C . *s at close of busines* Mar 15. 1936 Date of suspension. March 6. .933. A8SETS Assets at date of suspension (book value as reported in receiver s first report* $964,977.89 Additional assets acquired since suspension (book value)_ 11.806 95 Total assets to be account ed for:_9976.784.65 Cash collected from assets _$781,318.21 , Cash collected from additional assets 2,416.17 Total cash collected from assets and stock assess ment _$763 734.36 Offsets allowed on assets $56,514.23 Losses charged off On assets_$117,687.45 Total losses charged off--$117,887.45 Remaining assets Uncollected a s sets _ $29,592.01 Uncollected adci tional assets 9.256.7S Total remaining uncollect ed assets_$36.848,79 Total assets accounted for.$976.784.85 RECAPITULATION OF REMAINING AS SKTS—BOOKS AND ESTIMATED VALUES Remaining Assets Book (•) Estimated Value: Value: Uncollected assets_-$29.392.01 $21,690.94 Uncollected addi tional assets_ 9,256 78 4.711.60 Total reinaln ng assets_$38,848,79 $26.402.54 (*» The above figures as to estimated values represent the Receiver's present estimate ol the ultimate liquidation value oi inese uems. Accorumsiy. mcse wiiuca are not guaranteed by either the Receiver or the Comptroller of the Currency, and they should not be accepted by the deposi tor as final either as a basis of prospective dividends nr otherwise. The assets valued above include those, if any which have been nledeed tor the lepayment of secured ! liabilities and no allowance has been made lor unpaid balances of such claims or for i any outstanding balance of a liquidating loan granted to the Receiver by the Recon | construticn Finance Corporation. LIABILITIES. Secured liabilities a; date of suspension _5110.250.00. , Unsecured liabilities at date of suspension _ 737.46702 | Additional liabilities established 6.240.95 Total Labilities this date.5653.957 97 Secured and preferred liabili ties paid ir. cash fpaid by Conservator S52.250.001 _ 5113.3S5.49' Unsecured liabilities offset_ 56.515 71 Unsecured Labilities for which Receiver's certificates have been issued_ 677.718.75 i Unsecured liabilities not paid or proved_ 6,338 02 Total liabilities accounted ” for _ _ _ 653 957 97 COLLECTIONS AND DISBURSEMENTS. Collections from all sources: Cash collected from assets and stock assessment_5763.734 38 Ca'h collected from interest. premium and rents_ 43.137.72 Cash collected by Receiver, and held as trustee for owners__301 36 Total collections to be ac counted for_5607.174 46 | Disbursements of every char acter: Secured and preferred liabili ties Daid (including divi dends i (paid by Conserv ator. 552.250 (6)1_5113 385.49 Advances in protection of as sets (taxes, insurance, etc ) 8 00 Expenses of receivership (ex penses and advances by Con servator. $11.166.15]_ 22.933.51 Dividends paid to unsecured creditors (SOT-) Fpaid by Con servator. 5367.132.53]_$542,830.94 Cash in hands of Receiver and Comptroller _ 128.021.52 Total collections account ed for_5807.174 46 CARY A HARDEE Receiver R. R. Freight Shows Result of Truck Competition. L. C. L. Loadings ' Are Lowest, in Years Number of car* loaded of merchandise in let* than carload thousano gOOQ lot* in the first 18 week* of each year_-rWOO 4500--- ■ ■ l| - 4500 W:'$: Pi 4000-,'iff! fl. - v - - i; - -2,826.065-4000 If; t.:\ |. r"l car* 3500-r-V # - - - . - - - - - -V-^-- 3500 3000 - - - - - - - - - ' - « - —\——-\ 3000 2500 --------------- - -2500 2000 -- - - -- -- -- -- -- - -- 2000 1000 ---------- ----- - -*1000 500- - - - - - --500 nn n n n n n ii n n n n n n n n M- fin 1921 22 ’23 24 25 ‘26 '27 '28 '29 '30 '31 32 '33 *34 '35 '36 tniaeweei »ae* ie ru ewe r—m, ) ' 5 First ; Mortgage ■ Money For CONSTRUCTION LOANS and LOANS ON IMPROVED PROPERTY in the District of Columbia, Nearby Maryland and Virginia 5%% Prompt Action B. F. SAUL CO. 925 15th Street NatL 2190 I -W—i MAY WHEAT In the wheat futures market May is one of the most impor tant months in the year. It represents the practical close of the old crop season with wheat prices influenced by winter wheat prospects and the balance of wheat on hand. ([ This firm has prepared a booklet called “The Story of Wheat” which analyzes, by months, factors which affect the wheat market. Customers and accredited individuals may obtain a copy of “The Story of Wheat" by writing or calling this office. FENNER & BEANE Members New Yerk Steck Exchange and ether leading Exchanges Southern Bldg., 15th A H Street* N.W. National 7000 ! 1 I HOME LOANS Interest as Low as 5% Easy Monthly Payments as low as $7.50 per $1,000 4% NOW PAIR ON SAVINGS Federal Insurance pro tects yon savinn hero, up to $5,000. COLUMBIA BUILDING ASSOCIATION 716 11th Street Opposite Palais Royal _ f