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

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

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Evening star. [volume] (Washington, D.C.), 19 May 1936. Chronicling America: Historic American Newspapers. Lib. of Congress. <https://chroniclingamerica.loc.gov/lccn/sn83045462/1936-05-19/ed-1/seq-19/>

Newspaper Page Text

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

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