Evening star. [volume] (Washington, D.C.) 1854-1972, May 22, 1936, Image 18

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Evening star. [volume], May 22, 1936, Page A-18, Image 18
About Evening star. [volume] (Washington, D.C.) 1854-1972

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Evening star. [volume] (Washington, D.C.), 22 May 1936. Chronicling America: Historic American Newspapers. Lib. of Congress. <https://chroniclingamerica.loc.gov/lccn/sn83045462/1936-05-22/ed-1/seq-18/>

Newspaper Page Text

FEELS CONFIDENT
Fleming Tells Pennsylvania
Association More Stable
Conditions Ahead.
BT EDWARD C. STOVE.
Complete confidence in the future
of American banking was expressed
by Robert V. Fleming, president of
the American Bankers Association
and the Riggs National Bank, in an
address before the Pennsylvania
Bankers Association, at Atlantic City
last night. He declared that by co
operation, the
bankers, the Gov
ernmental au
thorities of State
and Nation, and
the general pub
lic will develop a
far more "stable
and serviceable
banking system
than we have
ever known in
the history of
this country.”
Speaking o n
."American Bank
Ing Faces the Fut- H,rry } Haas
lire’* the Wflgh
Ington financier asserted that through
out the ages the business of banking
has been severely attacked during
end following periods of depressions.
This is because banking touches every
phase of the economic life of the
people. In the past the public has
not understood that where the value
of all assests in a community has
depreciated, it was not the fault of
the bankers. World-wide or Nation
wide conditions are beyond the control
Of bankers or the banking system.
Those who have made a careful
study of the history of American
banking and the services performed,
have found that even during the
worst depression in the history of this
country, the banks have rendered
essential and valuable service, the
A. B. A. chief added.
Banking Brought to Public.
Mr. Fleming reviewed the efforts
of the A. B. A. during the present
year to bring the aims of banking
jnore clearly before the public and
especially before bank patrons. He
said that in old and conservative
England there had been the same
Jack of understanding regarding the
real work of the banks. The regional
conferences had marked results in
bringing banking services into clearer
View.
There is a mistaken idea that banks
Coin money, he continued. Banks do
hot coin money. The money of the
Nation is coined by the Federal Gov
ernment by virtue of the power given
to Congress under the Constitution.
Neither do banks issue currency,
nor create credit. While it is one of
the principal functions of a bank to
extend or grant credit, yet credit is
Initated by business transactions based
on confidence between buyer and
seller or between producer and con
sumer. While chartered banks furnish
credit, credit itself originates in bus
Inacc
Haas Paid High Tribute.
These are only a few of the fallacies
voiced about banking which bankers
should clear up in the public mind,
Mr. Fleming said. From observations
Bt banking conferences, he said, he
was sure bankers were assuming their
share of responsibility and that super
visory officials of Government are will
ing to co-operate in the solution of
banking problems in the public
Interest.
The attitude of the press is more
favorable and there are many other
reasons why the future of American
banking should be faced with con
fidence.
In opening his address, Mr. Fleming
paid a glowing tribute to Harry J.
Haas of Philadelphia, former president
of the American Bankers Association,
who is still giving very valuable serv
ice to building up the Nation’s bank
ing interests.
Bond Club Holds Outing.
Members of the Washington Bond
Club and guests to the number of
sbout 195 are having the club’s annual
outing this afternoon and evening at
the Burning Tree Country Club. This
w-as said today to be the largest turn
out the club has ever had at these
annual events, President James H.
Lemon being greatly pleased with the
Interest shown.
Golf, a big mock session of the
Washington Stock Exchange and a
dinner were to be among the special
features. Many prizes were to be
awarded by the Sports Committee,
and during the meeting the annual
election of officers was to be held,
with Thomas C. Montgomery, vice
president, Waggaman, Brawner & Co.,
slated for the presidency.
It was expected that L. Clark Brown
would be chosen vice president and
Chauncy G. Parker, jr., secretary and
treasurer. Both these men have been
officers of the club during the past
year.
ouuih E<Aui<iiigr» fdvurra.
The convention of Associated Stock
Exchanges in Cleveland this week
brought out the fact that the Securi
ties and Exchange Commission is
strongly in favor of the small ex
changes. Members of the commission
feel that the small exchanges are im
portant because they provide a mar
ket for local securities, as well as a
seasoning ground for securities which
may later be listed In the larger mar
kets.
Evidence of the commission's desire
to build up, rather than weaken, the
smaller institutions was regarded as
particularly important in view of the
growing concern in some quarters as
to the future of these local markets/
Some of the representatives of these
institutions are understood to have
expressed the feeling at Cleveland that
the S. E. C. has not taken their plight
seriously enough. They contend that
the present margin requirements,
while perhaps workable for the larger
stock exchanges, place undue hard
ships on the smaller institutions.
The S. E. C. believes that it is up to
the small exchanges to take a hand in
encouraging listings. For example,
one important S. E. C. official in dis
cussing the matter remarked about
the listing fees and sizable transfer
charges imposed by these small stock
exchanges. If the listing fees were
abolished and transfer charges at least
reduced to a minimum, it was said,
small exchange listings would be en
couraged.
MONEY MARKET.
NEW YORK. May 22 uPi.—Call money
steady: 1 per cent all day: prime commer
cial paper, a. per cent. Time loans steady:
60 days-6 months. 1V« per cent offered.
Bankers' acceptances unchanged. Redis
count rate New York Reserve Bank. 1*4
per cent.
Northern States Power Co. (Dela
ware)—March quarter class B share
earnings were 10 cents, vs. 11 cents.
T
TRANSACTIONS ON THE NEW YORK STOCK EXCHANGE
By Private Wire Direct »• Til 8tar.
Prev. 1938 Stock ana Salt*— Net
Hteh Low Dividend Bate. Add 00. H ah. Low. Close.Chae.
134 9% Adams Exp (alOo>. 12 111 10% 11 + H
35% 234 Adama Millls(a75c) 2 224 224 224
28 224 Addreargraph SOc.. 8 254 224 224 —1H
61T4 58 Air Reduction- 5 5 54 684 684
64 2 Air-Way Elec Appl. 6 !!% 3% 3%
174 134 Alaska Juo (t60c)_ 24 1J4 134 134-4
44 24 Alien Corp Id) — 7 t 24 3 + 4
30% 12% Allen pf w$30w(d)_ 5 2 ) 194 20 +1
454 27 Allen prpf(d)- 2 31 30 31
394 30 Allen Steel <11_ 1 3)4 314 314 + %
208 157 Allied Chetn (8)_ 1 181)4 1894 1894 +14
284 234 Allied Mills U)- 7 21 24 24
94 6% Allied Store* 140 i>4 84 94+4
744 69 Allied Stores pf (5). 7 7) 73% 74 +1
604 354 Allis-Chalmers_ 26 4 1 43 44 +1
284 19% Alpha Port CmtM). 4 216% 224 224 +%
474 34 Amal Leath pf <22>. 2 411 39 40 +3
1254 75 Amerada Corp 4*>_ 2 914 914 914 +1
634 60 Am An Chm Dell*). 2 504 50 50 -4
554 424 Am Bar.* N »a60c)_. 1 4H'a 424 424
1344 115% Am Car 4*4> . 11 12j% 129 129
1664 163 Am Can pf (7). 116?! 163 163
41 30 Am Car * Foundry. 10 31;% 324 33% +1
734 57% Am Car A Fdry pf.. 6 614 604 614 +34
58% 31 Am Chain . 2 48% 48 484
1274 114% Am Chain pf < 2514 ) 1 127*. 1274 1274 414
13% 8!* Am Colortype .. 1 8% 8% 8% — %
32% 23 Am Cornel Alcohol. 3 23% 22% 22% - 4
244 16% Am Crystal Sugar 10 224 21% 22 +4
95 89 Am CrvaS 1st of(«) 10s 9f4 914 914 +1%
5 34 Am Kncatis Tiling .. 8 4j'i 44 44 + 4
9% 6% Am A Foreign Pwr. 14 7% 7 74 + 4
8% 5% Am Hide A Leather. 5 5% 5% 5% — V.
414 37 Am Home Pr (2 40). 3 4C! 40 40 + %
13% 9% Am International 5 K! 9% 10 +4
36v* 234 Am Locomotlye ... 2 2(| 254 254 — 4
954 66 Am Locomotive pf„ 1 7Ji 73 73 — 4
294 21 Am Mch A F (SOc).. 9 256 214 22
15 10 Am MachAMet a)0c 13 lj|% 11% 11%+%
424 35% Am News NY(1.80). fi 4 1 40 40
134 74 Am Power A Light. 72 10% 10% 10% + 4
524 36% Am PAL *5 pf(1%> 10 4()% 46 46 + %
60% 43 P*L SBpfUH) 9 54% 53% 54% +1%
27% 18% Am Radiator 21 19% 19% 19% + %
34 25% Am Rolling M<1 20) 34 2$% 25% 26
27 18 Am Seating vtc - , 2 l|% 19% 19% + %
91% 56% Am Sm&Ref taSOc) 11 76% 76 76% — %
33** 20'i Am Steel Foundry 16 2j|7?n 27 27% 4- *4
117 107% Am Steel Fy pf (2). 120ft Jl!l 112 113 +1
36 27% Am Storas (2). 2 27% 27 27 - V*
61% 48% Am Sugar (2) 1 15 55 55
26% 20% Am Sumatra Tob »1. 1 3|2% 22% 22%
178 149% Am Tel & Teleg 19) 9 162 159% 162 +2
104 88% Am Tohaceo B (5) 8 93% 92% 92% -1%
10% 9% Am Type Fo.un new 8 10 9% 97» + %
25% 19% Am Water Works . 41 21*4 21% 21% -+- %
11% 7% Am Woolen . 1 8% 8% 8%
70% 54% Am Woolen pf <f2). 7 $8% 58% 58%-%
7% 3% Am Zinc ft Lead .. ! 2 3*4 3% 3% + %
39»4 28 Anaconda C<a25e)_. 81 fS% 33 33%+%
26% 15% Anchor Can <60e>-.. 14 J!o% 19% 20% +1
111 97 Anchor Cap pf 6% 120s 98% 98% 98% 4- %
50 37 Areher-Dan-Mld tl_ 1 f}8 38 38 + %
7H 4*4 Armour 'Illinois).- 19 47* 4rw 4v»
84 66% Arm'r(Ill>pr pf’S). 1 l[2 72 72
62% 47% Armstrong C »1 % >. 1 Bl% 51% 51% + %
15 7% Arnold Constab 50c. 2 |l% 11*, ]1% 4- %
17% 12% Asao Dry Goods .. 25 15% 15 15%+ ”,
86% 59 Atcb To&S Fetb2>_. 11 !71 70% 70%+ %
35% 21% Atlantic Coast Ltna 3 24% 24 24
35% 27% Atlantic Ref (1 > 4 :;C8% 28 28% + %
112 111% Atlantic Ref pf (4). 1 $12% 112% 112% + %
73 48 Atlas Towder <t2>.. 1 59% 69% 59% +2%
30% 17% Atlas Tack (s25c)._ 1 jl7% 17% 17% 4 %
54% 27% Auburn Auto ... S i|29'« 29 29 + %
46% 34 Austin N pf A (2).. 20s 35% 35% 35% - V*
7% 4% Aviation CorotDel) 11 J 5% 5% 5%
6% 3 Baldwin Locotd) . 9 j 3% 3% 3% — %
3% 2% Baldwin Lo asd (d) 113 3 3
54% 29% Baldwin Loco pf id) 3 ;|39 38% 39 41%
24% 15% Baltimore ft Ohio . 16 |l?»« 17% 17%+ %
34% 21 Baltimore ft Oh pf .J 3 24 23% 24 + %
20% 13% Barker Brothers_ 3 515 15 15
102 82% Barker Bros pf_I 10* ;90% 90% 90%
20 14% BarnsdalMtSOc) ..! 18 |17 16% 17 + V*
Bayuk Cigars a75c x 12 17% 17% 17% -1
26 18 Beatrice Cre< r>50e) 1 21% 21% 21% — %
109% 107 Beatrice Cr pf <7).+ 1 J09% 109% 109%
16% 13% Beldma Hem <1 » 6 14% 13% 13% - %
31% 21% Bendlx Avlatlon(l) 22 27% 27% 27% + %
24% 20 Beneficial Loitl%) 2 21 21 21
57% 48 Best & Co 412 > „I 1 52% 52% 52%
63*» 45% Bethlehem Steel 2" 50% 49% 50 4 1%
19 16% Beth Steel 5«P. 41) , 12 17% 17 17% - %
120% 110 Beth Steel 7% pf(7) 1 113 113 113 +1
48 23 Bigelotv-San laSOc} 2 34 34 34 -1
20% 14% Blatv-Knox (a20c), 1 16% 16% 16% +• %
99 80 Blumenthal pt_1 20s 80 80 80
26% 16% Boeing Airplane J; 4 18% 18% 18% + %
63% 46% Bohn Alum & BrtSli 4 47 47 47 -%
45 39% Bon Ami (B) (2%) 10* 40% 40% 40%
30% 25% Borden Co 11 601 jo 27*. 27% 27%+ %
88% 64 Borg-Warner (3) .. 9 72 70% 72 +1
18% 13% Brldgep't Brass 40« 5 14 14 14
64% 43% Briggs Mfg It2) 6 46% 46% 46%+ %
69 48 Briggs & Strat 13),. 1 62 52 52 -1
48% 41 Bristol Myers (t2)_ 2 43% 43 43
50% 40% Bklvn-Man Tr (3 »__ 10 46% 46 46%+- %
104 97% Bklyn-Man T nf<6)_ 1 104 104 104 +- %
12% 4% Bklyn & Queens .4- 1 7% 7% 7% — %
66% 44% Bklyn tin Gas (3)... 5 45% 45% 45%+- %
65% 50 Brown Shoe (3)_L 2 50% 50% 50%+- %
14% 8% Bucyrus-Erle _L 1 10% 10% 10% — %
15% 9% Budd IEOI Mfg 24 14% 14% 14% +- %
3% 2% Budd Mf lpd.July!6 2 3% 3 3%
14 8% Budd Wheel j. 3 10% 10% 10% +- %
31% 20% Bullard Co (a25c)J- 4 25 24% 25 +- %
28% 11% Bulova Watch .L 2 24% 24% 24% +- %
33% 25 Burr Ad MchitfiOe) 3 26% 26% 26% +. %
6*4 2*4 Butte CopperAZlne 3 4'« 4% 4%
74 56% Byers <A M) pf ' ?0s 57 56% 56% — *4
37*4 30% California PKg( I %) 1 32% 32% 32%
1% *« Callahan Zinc . 4 1 % % — %
14 6 Calumet&Hec a259. 8 10% 10% 10%
40% 30 Campbell Wy <tl)L. 3 31% 31 31%
16% 10% Canada Dry O A 27 12% 11% 12% + %
16 10% Canadian Pacific... 9 12 11% 12
43% 37 Cannon Mills 12).L_ 1 38 38 38 + %
18% 12% Capital Admin (A). f 2 13% 13% 13%+ %
52% 45% Cap Adm pf A (3(1. JOs 60 50 50
9% 6% Carriers & Gen 204. 3 7% 6% 6% — %
172% 92% Case (J 11 Co I. 16 153% 150 153 +♦%
142 116 Case (J I)Co pf (71). 90s 140 140 140 - %
79 54% Caterpillar Traci?). 7 74 73% 73% — %
32% 21% Celanese Corp a50c. 6 22 21% 21% — %
31% 19 Celotei Corp ... 3 23% 23 23% 8 1%
68 47*4 Cerro de Pasco {4}-. 16 55 54% 54% + %
19% 12% Csrtaln-teed Prod 3 13 12% 12% — %
99% 80% Certain-teed Pr pf 110s 94 94 94
21 19% Champ Pap A F (1). 2 20 20 20
69% 22% Checker Cab Mfg... 1 52% 52% 52%-%
61 51 ChesAOblo (2 *0). 16 56% 55% 56%+ %
6% 2% Chi A East 111 pf l^l) 2 3% 3 3
31*4 25*4 Chi Mail Order Tl%. 7 29*4 28% 29% +1%
2% 1% Chi MU StPAP (dl . 2 1% 1*4 1% + %
5% 2% Chi M StPAP of (4!) 4 3% 3% 3%
4% 2% Chi A N W (d J___ 5 2% 2% 2% - %
30% 22% Chlckasha C O (2)_ 2 22% 22% 22%
11% 7 Childs Co 2 8 7% 7% - %
103% 85% Chrysler Corp (6)4- 93 94% 93% 94'% +1%
19% 15% City Ice A Fuel (21- 5 18 17% 18 +1
7*4 4% Cltv Stores . 1 6% 6% 6% - %
110*4 107% Clev El lllu pf<4%) 2 108% 108 108 - 14
46 35 Clav (Jrtnh Br ftlji. 3 37% 37 37%+%
127% 124 Cluett Peab pf (7) . 60s 126 125% 126 -1
97% 84 Coca-Cola (2) .L 2 92% 92% 92% + %
20% 14% Colgate-P-P (60c),.. 68 14 13)4 13% - %
106% 102*4 Colgate P-P of (6) .. 2 103 103 103 + *4
51*4 39% Collins A Aik (2)_j._ 4 41*4 41% 41*4
112 107% Collins & Alh pf (7) 50s 110 110 110
24*4 8% Colonial Beacon .4. 90s 17 17 17 - %
9% 3*fc Colo Fue1 A !r <d)... 1 5 5 5 — %
49 24 Colo F A 1 pf (d)... 10s 25 25 25 -1
36% 21% Colo A South 60s 32*4 32% 32% - %
21*4 14 Columb G&E(a20c) 96 19% f8% 19 + %
45% 31 Colum Piet »tc(ti l. 2 32% 32% 32% +1
51% 43 Columb Pic pf (2*4). 3 43% 43% 43%-%
134 94 Colum Garb *tc(TO 1 117% 117% 117% + %
oxr/n 44 ^omci vrtnu (iijii. to os oo os + Vj
115 110 Cornel Cred of (6%) 3 112% 112% 112% + H
82% 55 Cornel Inv Tr t3.60. 13 79% 79% 79%
115% 110% Cornel ITrvpt l«) 1 112% 112% 112% + %
110% 97 Cornel InTpf(«*4). 5 107V* 107 107%
24% 17 Cornel Solv (fuel 57 17% 16% 17% - M
5% 2% Corns * Southern ._ 131 3 2% 3
82 59% Com* & Sou of (S). 9 66 64% 66 +1%
44% 34 Coogol«um-N 1 M.. 8 35% 35% 35% + %
25% 16 Congress Cgr <b2)_ 3 18 17 18
13% 8% Consol Cigar : „ 1 9 9 9 + %
85 72V* Con C or of ww Sty. 60s 79% 79% 79% +2V*
78 67 Consol Cigar of *71 10s 68% 68% 68% -1
4% 3% Coos Coal (Del) vtc 1 3 3 3 — %
20% 18 Con C’l (Del) vtc pf 60s 18Vs 18% 18%-%
38% 27% Consol Edls N Y<1> 190 32% 30% 32% +1%
108% 102 Consol Ed NY pf(5) 10 105% 105% 105% + %
7% 4% Consol Film 15 6 5
20% 15% Consol Film pf (tl) 3 17 17 17
6% 3% Consol Daundnaa.. 8 4% 4% 4% — %
15% 11% Consol OH <a25c|... 66 12 11% 11%-%
11% 6% Consol R R Cuba pf. 2 8% 8% 8%
1% % Consol Tsxtlla id).. 45 % % %
26% 15% Container Corp 16 17% 16% 17%+ %
19% 10% Conti Baking 1A>_ 3 13% 13% 13%+ %
87% 67% Conti Can (3) .... 88 74% 71% 73% +2%
46 35% Conti lnsur (tl.20). 3 38% 38V* 38%+ %
4 2% Conti Motors _ 7 2% 2% 2% - %
38% 29 Conti Oil of Delll). 17 30% 30 30%+%
78% 68% Corn Prod Ref I?).. 24 77% 76% 76%+%
27% 15% Crosley Rad <b2^e). 2 26 26 26 + %
63% 43% Crown CftS <1)1_ 2 53% 53% 53%+%
2% 1% Cuba Co .ij_ 1 1% 1% 1%
14% 6% Cuban-Am 8ugar— 4 10% 10% 10%
102 63% Cuban Am Bug of.. 40s 95% 95 95%
44% 36% Cudahy Pkg (3 Vk >_ 8 36% 36 36 - %
24% 18 Curtis Publishing... 4 18% 18 18% + %
104 99% Curtis Pub pt 17)._ 7 103% 103 103
»% 4 Curtiss Wright__ 28 6% 6% 6%
21% 10% Curtiss Wright A.. 17 15% 14% 15 +%
70% 48 Cushman Sons 'iff_10s 48 48 48 -4
89% 62 Deers ft Co ?!_l 18 77% 76 77% +1%
31 27 Deere ft Copt 21.40. 1 29% 29% 29%-%
26 19% Deisel-Wem-G t60c 2 23% 23% 23% + %
52 36% Delaware ft Hudson 8 38% 38% 38% + %
23% 14% Del Lack ft Wset-_4 4 16 15% 16 +%
153 128 Detroit Edison ;«).. 1 133 135 135 +1%
40% 33% Diamond Mtch lVi 3 86 34% 36 +1%
42 38 Dla Match pfit %). 1 89 39 39
34% 18% Dlst Corp Seag .,td. 15 24% 24 24% + %
59% 41% Dorns Hinas <«>_ 9 58% 57% 57% - %
76% 50% Douglass Air..._ 14 65% ,64% 64% 4 %
' \ I
PrtT. 1636 Stock and Salta— Nat
Hl«h. Lov. Dividend Rat*. Add 00. Hlab. Low. Cloae.Chte.
37 29 Dressar A (bl %)_ 1 33 33 33
18% 13 Dresser Mf* B. 1 13 13 13 - %
3 1% Duluth S S A Atl pf. 1 1% 1% 1% + %
153 133 Dupont de N t3.60.. 21 143% 141% 143 +%
133% 129 Du Pont deb (6) ... 10 129% 129 129 - V«
115% 112 Duqutsns Et lat(5) 10s 114% 114% 114% _
25 18 Durham Hosiery pf. 10s 21 21 21
9% 6% Eastern Roll Mills.. 1 6% 6% 6%
170% 156 Eastman Kod it6). 2 162% 162% 162% + Vi
166 158 Eastman Kod pf (() 40s 165 165 165 +1
37 28% Eaton Mfg (2)_ 9 32% 32% 32% + %
44% 30% Elec Auto L 11.2015 35% *4% 35%+ %
114 110% Elec Auto Lpf <7)_. 10*112 112 112 +%
17% 10 Electric Boat . ... 52 12 11 11%+1%
7% 5% Elec&Mua lnlb24c) 10 6 5% 6 - %
16% 6% Elec Pw 4k Et _ 201 15% 14% 16 + %
64% 29% Elec Pw * Et *6 pf.. 24 57% 66% 67% +1%
69% 32% Elec Pw 4k Et *7 pf_ 39 64% 62% 64% +2%
65% 44% Elec Stor Bat 02).. 4 45% 45% 45%
3% 1% Elk Horn C of <d)__ 2 1% 1% 1% + %
69 62% Endlcott-John 13).. 1 64% 64% 64%+ %
15 7% Engineers Pub Svc. 5 13% 12% 13% + %
71% 45% Eng Pub SvcJ5 pf 1 66 66 66 +1
75 48 Eng P S *5 60 pf ww 6 72 70% 72 +3
7% 5% Eqult Offles Bldg .16 6 6
15% 12 Eureka Vac COOc). 2 13% 13% 13%+%
40% 29 Evans Products O) 3 31% 30% 31% + %
18% 8% Fairbanks Co pf. 60* 13% 13% 13%+%
53% 34% Fairbanks Mors# .. 8 48 46% 48 +1%
41% 31% Fajardo Sugar (2).. 1 37% 37% 37%+ %
25 18% Federal Lt * Trae.. 1 20 20 20
12% 7% Fed Motor TlalOc). 2 9 9 9 + %
5% 3 Fed Screw Works 3 3% 3% 3% — %
4% 2% Fed Water Svc 1A). 2 3% 3% 3%
49% 38 Fid Pboe F 101.20). 2 40 40 40
33% 24% Firestone TAR I 20. 1 28% 28',4 28%+%
48% 40 First Nat Strst2%). 2 43% 43% 43%+%
11% 4% Follanshe# Bros id) 1 7% 7% 7% + %
38% 24% Foster* Wheeler_ 3 26% 26% 26 + %
■ o ruiurto orpi__ {tug buy* bu bu — zvj
53% 31% Fuller Co 2d pf_ 10* 35% 35% 35% - %
6% 3% Gabriel Co (A)_ 11 6% fi fi -%
12% 8% Gen Am Investors . 7 9 9 9
63 42% Gen Am Trans(1 %) 9 47% 46% 47%
34% 22 Gen Asphalt < b25c). 1 25% 25% 25%+ %
14% 10% Gen Rakln* <60c)_2 11% 11% 11%
11% 7% Gen Bronze__ 1 7% 7% 7% — %
15% 5% Gen Cable_ 1 9% 9% 9% + %
33% 17 Gen Cable (A)_ 1 24% 24% 24V* + %
58% 53% Gen Cigar 114)_ 4 56% 56% 56%+%
41% 34% Gen llectrle (1)_ 62 36% 36 36%+%
89% 33% Gen Foods <1*0 >_ 23 38% 38% 38%+ %
4% % Gen Gaa» B1 < At_ 19 2 2 2 - %
50 19% Gen G&E 8% pf A_ 10* 30 30 30
70% 59% Gen Mtlla il) _ 8 64 63% 63%-1%
71 53% Gen Motors (t2)_ 181 61% 60% 61%+ %
122 118 Gen Motors of <5>.. 13 121% 120% 120% — %
8% 5% Gen Outdoor Ada .. 1 6% 6% 6%
33% 18% Gen Outdoor Adv A. 1 80% 30% 30% -1
3% 2 Gen Kealtv ft Util.. 2 2% 2% 2%
44% 33% Gen Refrac (1)_ 6 36% 36 36 + *,
18% 15% Gillette Sat Kaz(l). 8 15% 15% 15%
11% 6% Glmhel Bros _ 26 10% 9% 10% + V*
55% 44% OMrtden Co (2) 10 45% 44% 45%-%
A % Glidden rts June 12 79 A % % + A
114% 105% Gltdden Co pr of <7 » 40s 106 106 106 + %
10% 7 Goebsi Brw C<t20c) 9 8% 8% 8% — %
21% 15% Gold Dust tl.20)_ 26 15% 15% 15%+%
23% 13% Goodrich IB F)_ 15 19% 19 19%+ %
31% 21% Goodyear TAR_ 20 25 24% 24%’
12% 8% Gotham Silk Hose.. 5 9% 9 9% + %
4% 2% Gra ham-Patge 3 2% 2% 2%
6% 3% Grand Union ctfa 1 3% 3% 3%
23% 16 Grand Un pf 62 %c .. 3 16% 16% 16%
33% 28% Grant tW T> tl 40). 12 31% 31% 31%+%
44 32V* Grt Northern pf .. 47 36 34% 35%+ %
3 1% Grt Nor Ry June 1 189 1% 1% 1%
20% 16 Grt North'n Oret 1) 1 17 17 17 + %
39 31 Grt West Sug it 40) 2 35% 35% 35%
28% 22 Greem HL)Co (tl). 5 24% 24% 24%+%
80% 48% Greyhound Corp_ 7 56 55% 56 + %
11% « Hall W F Printing.. 2 8»* 8% 8% + %
105'; 102 Hanna (M AlpffS). 50.* 102'. 102'; 102'-*
16% 12 Hat Corp of Ami A) 1 15% 15% 15%+%
9 4% Haves Body .. 1 5% 5% 5%
35% 25% Hercules Motor (1). 1 27 27 27 4- %
; 119 113 Hershey C of I'M)— 3 114 114 114 - %
44*4 30% Holland Furnace 3 34% 33% 34% + %
j 37 19% Holly Sugar (1)_ 3 33 32% 33 + %
44% 40 Houd-Hersh A(2%) 2 40% 40 40% — V,
33 22% Houd-Hers (B)l%.. 9 24 23*. 23%+ %
12% 6% Houston Oil vtc _ 9 8% 8% 8% + %
57*. 48% Howe Sound (tS) _ 2 52 51% 51%-%
5% 3% Hudson * Manhat_ 14 4 4
19% 13% Hudson Motor Car_ 7 14% 14% 14% + %
3% 1 Hupp Motora _ 3 2% 2% 2% — %
28*. 18% Illinois Central ... 10 19% 19% 19%+ %
70 58 111 Cent Ise ltnes(4) 30s 62% 62% 62%+ %
13% 4% Indian Kettnlng - :< 10 10 10
34% 25% Indus Ravon <1 61). 1 25% 25% 25%
114% 90 Inland Steel ill ... 12 92 90*4 92 +1%
13% 6% Inspiration Copper. 7 10 9*4 10 + %
18*. 11% Interboro R T (d)_ 7 13% 12% 13% -,-1%
15% 9*4 Interlake Iron _ 11 10% 10% 10% + %
5% 3 Int Agricultural— 7 3% 3 3% + %
185% 160 Int Bus Mach (t«)„ 2 169 168% 168% - %
I 49% 35% Int Cement (1%).„ 2 45% 45% 45%+%
89% 56% Int Harvester 1.29 . 29 84*4 82% 84% +2
160 148% Int Harvester pf(7) 1 152% 152% 152% + %
5% 2% Int Hvdro Elec <A» 2 3% 314 3% — %
54% 43% Int Nickel(Can)1.20 43 46% 45% 46',+ %
3% 1% Int Paper A Pw(C). 1 1*. 1*4 1*. + %
36% 20% Int Paper * Pw pt 5 24% 24 24% +1%
44 37% Int Print Ink (1.80) 2 37 37 37 -1
36% 19% Int Ky C A pt_ 20s 33 33 33 -%
53%. 47% Int Shoe (*2)_ 1 49 49 49 + %
19% 12% Int Tel * Tel _ 31 13*4 13% 13%+ %
14% 10% Interstate Dept Str. 2 11% 11% 11%
88*. 82 Int Dept Strs pf(7). 10s 87% 87% 87%
Z5»% n isiann ureeg tzj_ t zb'y — %
77% 58% Jewel Tea (4)_ 1 70 70 70 + %
! 129 88 John*- Manvtllel?). 5 94 93% 93% +1%
90% 77% JonesAL,nugh?%pf_ 10s 77 77 77 — %
26 13 Kans City Southern 2 20% 20% 20%-%
21% 17 Kaufman L)ep S ill 4 21 21 21
33% 27 Kayseri J >* Co a75e 2 27(4 27% 27%-%
91% 8i) Keith-Alb-O pf al% 50s 91 90 91 +6
24% 18% Kelsey Hayes (B) 2 19 19 19 + %
25% 14% Kelvlnator i»50ct . 15 20% 19% 20 + y4
41% 28% Kennecott C (1.20).. 36 37% 36% 36%+%
19% 18% Keystone Stl & W. 4 19 18% 19 + %
25% 20%. Kresge iS S) 11 t _ 5 21 20% 2l
•28 22% Kroger GAB <1 60). 10 23 22% 23 +%
26% 19% l Amber* Co (2) . 2 20% 20% 20% - %
102% 94% Lehigh PorC pf(4). 20s 97% 97% 97%+1%
4 2% Lehigh Valley Coal. 1 2% 2% 2%
14% 8% Lehleh Valley RR. 2 9% 9% 9%
15% 12 Lehn & Fink (1%).. 5 14% 14% 14% - H
46% 37% Lerner Stores (I)_ 3 40% 40% 40%
11% 7 L.lbby McNeill A L- 1 7% 7% 7% + %
63% 47% Libbey-Owens G(2) 5 54% 53% 54 + %
31% 25 Life Saver 0 60)... 1 27 27 27
116% 97% Llgg&Mvers B(t4). 2 108 108 108
23% 19 Lllv Tulip Cnp<l%) 1 20% 20% 20% - V4
50% 37 Link Belt (1.20) ... 3 39% 39% 39%+ %
44% 34 Liquid Carb (l.«0)_. 1 34% 34% 34%
54% 43 Loew s Ino »t2)_ 17 47 46% 46%-%
3% 2 Loft Inc _ 2 2% 2% 2% — %
8% 3% Long Bell Lum (A). 2 5% 5% 5%
26% 21% Lortllard IPX 1.20) 4 22 22 22
36 13 %a Oil Ret of Id) 690« 39 35 38% +4%
24% 20 Loulsv GAEpfA 1% 5 22 21% 22 + %
77% 57% Louis & Nash ia2> 1 65 65 66
35 22% Ludlum steel Ia50c) 6 24% 23% 24% +1%
13% 12% McCrory Stores — 2 12% 12% 12%
49% 39% McIntyre Porcu(8). 3 44 43% 43% — %
118% 103% McKeesp't T P t«4) 1 106% 106% 106% -1%
11% 8% McKesson A Rob . 5 8% 8% 8%
46 37% McKessonAR pf<2). 1 41% 41% 41% + %
15% 11% McLellan Store*- 6 12% 12% 12%+ %
37 27% Mack Truck <1»- 2 29% 29 29
49% 40% Macy (R H> Co (8). 4 42 41% 42 +%
42 34H Marina Copper «2)_ 5 40*4 40 40
57% 38 Man Elev gtd <d) — ’ 10a 38 38 38
23% 14% Man El md gtd (d). 7 17% 16% 17 +1%
10% 8% Marine Mtdld I40e). 2 8% 8% 8%
3% 1% Market St Ry _ 20s 1% 1% 1%
WU *07* 4MUI nw - WB «<• A*1 T6
4* 2* Market St Ry 2d pf. 20s 2* 2* 2*4-*
19* 11* Marshall (Held A Co 10 15% 15* 15* 4- %
36* 27* Mathleson Aik 1*.. 2 29* 29* 29* + *
53* 43* May Dept Strs * 2 > — 1 46 46 46 4- V.
110 103 Maytag 1st pf <«>._ 30s 109% 109* 109* 4- %
110*110 Maytag 1st pf eld .. 80s 110* 110* 110*
74* 65* Melville Shoe (3m. 1 69 69 69
10% 7 Mangel Co . 3 7 6% 6* - *
68% 50 Mangel Co pf . 10s 51 51 51 4- %
50% 40% Mesta Machine (2). 12 49* 49* 49* 4- %
12* 5% Miami Copper 2 9* 9* 9* 4- *
23 17% Mid Cont Pete a40e 2 18* 18* 18*4-%
47* 21% Midl'd Stl Prod < 1 10 39* 36% 39* 4-2%
131*110 Mid Stl 1st pf <81 30s 126* 126 126 -1*
75 65 Minn-Honey R tl* 1 69 69 69
12% 6* Minn Moline Pwr ..8 9 8* 8* 4- *
1% % Minn A St Ltd)_ 1 * * *
9% 5* Mo Kane A Texaa— 2 7* 7* 7* 4- *
26* 14* Mo Kans A Tex pf . 10 21 20% 20%
4 2* Missouri PactBct*). 1 2% 2% 2%
7% 3* Mo Padtle pftd) . 2 4% 4* 4% 4- *
103 79 Monsanto Chem(tl) 20 80% 79% 79*-*
2* 1* Monsant rts Jnue 4 233 24k Itt 2
45* 35% Montg’y Ward(80c) 100 42% 40* 42 4-1
71 60* Morrls&Essex 18%>. 10s 67% 67% 67% 4- *
1* % Mother Lode _ 5 1* 1 1
37* 28% Motor Products <>) 2 29 29 29 - *
84 70 Mullins Mfgpfa3% 10s 72* 72* 72* 4-*
28 21 Munslngwear ill • 1 26 26 26 4-1
59% 44 Murphy (G C) 1.20. 2 46* 46 46 . - %
22% 14 Murray Coro -— 19 15* 15* 15* 4- *
21* 16% Nash Motors (1)— 24 17* 16* 16*-*
30* 20* Naabv ChatASt L-_ 60s 22* 22* 22*
17* 12* Nat Acme Co — 4 13% 13* 13% 4- *
38% 31* Nat Biscuit 22 34% 34* 34% 4- %
30 21* Nat Caah Kegl6<lC>. 20 22% 22% 22%-%
25* 21 Nat Dairy P <1.*0)_ 19 23* 22ti. 22%-*
16* 10 Nat Dept Steres.._ 12 12% 11% 12% — *
33% 27% Nat Distillers (2}_ 18 29% 28* 29%
29% 27 Nat Lead_ 76 30% 29% 30 4- %
14* 9% Nat PwrALt(60c)._ 19 10% 10% 10% 4- %
75 67% Natl Steal <1%).._ 4 58 58 58 - *
40 19* Nat Supply Co . 9 35 34* 35 4- %
108 74* Nat Supply Co pf.„ 4 98 98 98 4-2%
13% 11 Natomae itiOc) . 2 11% 11* 11% 4- *
38* 32 Neisner Bros (1*) 2 37* 37 37 4-1
13% 9 Newport industries - 5 9% 9* 9% 4- %
42 32* N I Alrbrak# - ■ 1 38% 38% 38% 4- *
42* 27% N Y Central R R... 62 34% 33% 34% + %
35* 17% N Y Chicago A St Is. 1 26 26 26 - *
63 36* N Y Chi A St L pf— 5 51* 60* 51*-1
17* 10* N Y Dock pf.— 60s 12 11* 12 4-1%
186 119 N Y A Harlem (S)_ 10s 182 188 182 - *
* f
Prev. 1930 Stork »nd Sale*— Net
High. Low. Dividend Bate. Add 00. High. Low. Close.Chce.
24 1 N Y Investor* «4> 1 14 14 14 - 4
98 90 N Y Lack* Wn (5). 30a 98 98 98
144 74 NY NH & B pf <d>_. 2 74 74 74
154 94 N Y Shipbuilding.. 2 104 104 104
96 83 N Y Stsam pf (•)... 200* 914 904 91 +4
24 14 Norfolk Soutbn (d). 1 14 14 14-4
104* 64 North Am Aviation. 10 74 74 74 + 4
324 234 North Am Co (1) .. 67 254 254 254 + 4
66 625* North Am Co pf<8). 9 555* 56 4 654 -4
364 244 Northern Pacific 28 274 27 274 + 4
67 614 Northwest Tel <S)_ 100* 52 62 62 -4
174 124 Ohio Oil (50c)_ 23 18 124 13 +4
644 244 Oliver Farm Equip. 10 49 48 484 +14
254 174 Omnibus Corp vtc._ 1 194 194 194 + 4
14 8 Oppenhelm Collins. 3 114 11 114+ 4
324 244 Oris Elevator <60c) 7 27 264 27 +4
1344 123 Otis Elev pf (0)_ 120* 133 133 133 +4
205* 13 Otis Steel _ 2 144 144 144 + 4
164 128 Owens-Ill Glass(6). 2 142 142 142 -4
174 14 Pae Am Flsn(aZ5c). 6 164 164 164 + 4
95* 44 Pacific Coast 2d ... 60* 64 64 64-4
394 304* Pacific G* E (14). 10 35 4 344 344 -4
664 474 Pacific L.tg (2.40) ... 6 604 494 50 +1
130 118 Pacific Tel&TeK6). 40* 124 124 124 - 4
18 114 Pac West O (b25e> 1 134 134 134 — V*
13 64 Packard Mot (a25e) 61 104 104 104
4V4 1% Pan hand la Pro & K 1 3 3 3 -f V*
12 74 Paramount Plctursi 13 84 84 84 -4
87V* 60V* Paramount 1st pf_ 1 684 684 684 + 4
125* 84 Paramount 2d pf.__ 5 94 94 94 -4
28 174 Park & Tllford_ 2 224 224 224 - 24
5V* 35* Park Utah _ 5 34 34 35* + 4
504 404 Park* Davis (a95c). 1 425* 425* 424 - V*
10 44 Parmels* Transp't.. 2 65* 65* 65* + 4
nv* i* mne nim tom_ ju »% i% 7%— %
17V* 10% Patino Mlnea . _ 6 10% 10% 10% + %
73 64% Penlck & Ford (3).. 1 69% 69% 69%-%
79 69 Penney <J C) 4t3)_ 6 79 78 78% +1%
6% 4 Penn Coal & Coke_ 1 4% 4% 4% + %
10% 4% Penn Dixie Cement. 1 6% 6% 6%
39 28% Penn Railroad lal). 24 29% 29 29V* + %
49'% 38 ^eoplea Gas Chi_ 2 40V* 39% 40% +1
35% 25% Pere Marquette_ 4 29% 28% 29% +1%
72% 56 Pare Marquette pf . 2 60 60 60 +1
19% 14 Pfeiffer Brewt 1 20). 2 14% 14% 14%+ %
40% 25% Phelps Dodge a50c.. 14 33% 33% 33Vi + %
49% 45% Phlla Co 6* Dt (3).. 1 46% 46% 46% + %
12 3% Phlla Rap Tr Id) .. 10s 7 7 7 — %
16% 8% Phlla Rap Tr pftd). 130* 9% 9% 9% — %,
87% 66 Phillip Morrla (IK. 83 83% 81 83 +2%
49% 38% Phillips Petrol(tl). 27 40% 40 40% + %
9% 7 Phoenix Hosiery_ 1 6% 6% 6% — %
17 8 Pierce Oil pt _ 2 11% 11% 11%-%
2% 1% Pierce Petroleum — 1 1% 1% 1% + %
11% 7% Pitta Screw & Bolt. .18 8 8
91% 58% Pitta United pf_ 20* 70 69% 70 .+ 1%
41% 21 Pitta & W Va_ 70* 31 30 31 +1
3% 1% Pittston Co ... 11% 1% 1% - %
16% 11% Plymouth Oil(a25c). 4 14% 14V* 14%
19% 12 Poor & Co (B| . 3 14% 14% 14%-%
12% 6% Postal Tel&C pfid). 7 7 7 7 + %
5% 2% Pressed Stl Car <d). 3 2% 2% 2% + %
49 40V* Proctor&GamtlVi) 16 41% 41% 41% -1
122% 117% Proc&Gam of (6). xlOOs 118% 118 118 +%
48% 39 Pub Svc N J 12.40). 18 41% 40% 41% + %
107% 103% Pub Svc N J pf <5)_ 3 107V* 107% 107% +1
122% 113% Pub Svc N J pt <6).. 8 122% 121V* 121% - 1%
156 146 Pub Svc NJ pf i*)_. 1 152% 152% 152% + V*
48% 36% Pullman Inc d Vi)— 18 44% 44 44%+l
24% 16% Pure Oil 41 18V* 17% 17% + %
118 91% Pure 011 6% pf. 2 95 94% 95
133% 103 Pure 011 8% pf 60s 104% 104% 104%
17% 9% rurity Bakeries 40c 1 10% 10% 10%
14% 9% Radio Corp . 150 11 10% 10%
74** 68% Radio cu lit pf 3 Vi. 17 75 74% 74% + %
9% 5 Radio Kettn-Orid). 8 6 5% 5%
38% 28% Raybestoa-M d%). 1 32% 32% 32% — V*
28% 19% Rem Rand (t60c) -. 20 20% 20% 20%
24** 22% Rem-Rnd 5% pt 1V4. 1 23 23 23 — %
99** 85% Rem-Rand pf i6)... 1 95 95 95 -1%
8% 4% Reo Motor Car_ SI 6% 5% 5% + %
.ot* in', nepupnc steel__ zp 18% 18 18% + %
34 24% Reynolds Met (1).. 1 23% 23% 23% - %
55% 27 Reynolds Spring (1) 4 4fi 46 46
58% 5(1 Revnolds Tob B (3) 3 53% 53% 53% + %
38% 32 Roan Ant tb76c) _. 1 37% 37% 37%+ %
114%. Ill Safeway Strs pf(7). 20s 112% 111% 112%
29% 22'. St Joseph Ud (40c). 10 22% 22% 22’.+ %
6% 2% SI L-San Fr pf (d). 3 3% 3% 3% — %
16% 11% Savage Arms _ 2 11% 11% 11%
52 38% Schenley Distillers- 18 43 42 42% +1'*
4% 2% Schulte Retail Strs 45 2% 1% 1% - %
20% 11% Scnulte R Strs pf . 3 10% 10% 10% -1%
76 53% Scott Paper (1 80) 40s 62 60% 62 +1
2 IV* Scott P rts June 4 3100s 1% lv* 1%. + %
4% 2 Seaboard A L pf Id) 2 2% 2% 2% - %
43% 31'» Seab'd Oil(Del) (l). 4 31% 31% 31% - %
69% 59% Sears Roebuck < Z >. 83 69V* 66% 68*. +1%
4% 2% Second Natl Invest 1 2’. 2% 2%
73 61% Sec N Inv pf 31.65 120s 63% 63% 63%
22% 15% Servel Inc (60e> 40 20% 20% 20% + %
81 94 Sharon Steel pf (5). 1 95% 95% 95V, +1%
8% 4% Sharp A Donnie 10 6% fit. 6%
16% 11% Sbattuck F U (50c) 1 13% 13% 13%+ %
34 30V* SheafTer Pen (2)_ 20s 31 31 31 — %
19V* 14% Shell Union UU ... 47 17% 16% 16%
120 110%. Shell Union Oil pt_. 1 115V, 115V*115%— y*
14% 9% Silver King (40c)_ 2 10% 10% 10%
32% 19% Simmons Co__ 15 26% 26 26% +1
64, 4% Simms Petrol_ 4 5% 5% 5%
41 la 19% Skelly Oil_ 1 24% 24% 24%
72 42 Smith (AO)- 1 45 45 45 +1%
17 12% Socony-V OH (40c). 69 12% 12% 12%
7% 4% So Am Gold & P 30c 6 4% 4% 4%
34% 26 So Porto K Sug (2). 1 28 28 28
28% 25 South Cal Ed (1 Vi). 8 26% 26% 26% + %
38% 23% Southern Pacific_ 71 31% 30% 31% +1%
20% 12% Southern Railway.. 11 14% 14V* 14% + %
32% 19 Southern Ry pf 6 23% 22% 22% + %
78 64% Spalding! AG) 1st pf 40s 66% 66% 66%+ %
9% 5% Sparks- Wlthtngton 17 6% 6% 6% + V,
12% 6% Spear & Co (new).. 1 7% 7% 7% — %
36% 29% Spencer Kell (1.60). 2 31% 31 31
23% 15% Sperry V&C <b25c). 14 17% 17 17% + %
77V* 63 Spiegel-Mav-S (8>. 5 68% 67% 68%+1%
18 14% Stand Brands(80c). 32 15% 15% 15%
Prev. 1936 Stock and Sale*— wet
Hlth. Low Dividend Rate. Add 00. High. Low. Close Chge
13% 10 Stand Com Tobacco 4 10 10 10
9% 6% Sued Gas & El id). 9 6% 6% 6% + %
17V* 9% Stand O&B 3t pf <d) 25 13 12 13 + %
36% 24% Stand G&E *6 pf id) 11 32% 30 32%+2%
39% 26% Stand G&E *7 pfld) 26 34% 32% 34% +2
47% 35% Stand O of Cal itl). 20 37% 36% 37%+ %
113% 111% Stand Oil Exp of<6> 3 112% 112% 112%
40% 32+4 Stand Oil of indltl) 22 33% 33% 33%+%
70 51% Stand Oil of N J Itl 45 58% 57% 58% +1%
71% 65 Sterling Prod U 30) 6 69 68% 68% + %
24% 16V* Stewart WarmSOc) 10 18% 17% 18V* + %
21% 14% Stone & Webster_ 27 17% 17 17%+%
14% 9% Studebaker Corp_ 22 11% 11% 11%
91 72 Sun OH 415)_x 1 80% 80% 80%-%
6% 3 Superior Oil 8 4% 4% 4%
14% 9% Superior Steel- 1 11 11 11
29% 28 Sutherl'd Paper tl_ 1 27% 27% 27% + Vi
25 20% Swift & Co 11» 8 21% 21% 21%-%
35% 28% Swift mil Ltd (3).. 7 29% 29 29 - %
2% 1% Symington Id)__ 4 1% 1% 1% + %
115* 5% Symington A Id)_. 2 8% 8% 8% + %
10% 5% Tennessee Corp ... 2 7% 7% 7% + %
39V* 28% Texas Corp ll)_ 18 33% 33'. 33%+%
38% 33 Texas Gulf Sul 12). 7 35% 35% 35%+ V*
15% 7% Tex Pac Coal & 011 21 10% 10 10%+%
14% 9% Tex Pac Land Trust 17 9% 9% 9% — %
44 33% Thatcher 11)_ 1 35 35 35 + %
12% 8% Tbermold Co_ 1 8% 8* 8% - %
9% 3% Third Avenue __ 16 6 6
32% 24% Thompson P a30e — 1 27% 27% 27%+ %
8% 4% Thompson Starrett. 1 5% 5% 5% — %
19% 14% Tide Wat Asso 60c.. 6 15% 15% 15%
106V* 100% Tide Wat A O pf (6). 1 104% 104% 104% + %
17% 12% Tlmken-Datrolt ... 22 16% 16 16% + %
izt* ot> TimKen k tj itzi .. o bz bi bz + 174
14% 11 Transamertca a30e. 18 12% 12% 12%
27% 14% Trans & Westn Air. 3 19% 19% 19%
16% 10% Transue & Will 60c. 2 12% 11% 12%+%
12 7% Tri-Conti Corp .. 6 8% 8% 8% + %
107% 93 Trl-Contl C pf <6)„ 3 104% 104% 104%
7 474 Truax-Tra Coal L 1 5% 5% 5%
32% 22% 20th Cent Fox Flirt 1 24 24 24
41 31% 20th Cen Fox pf US. 4 33% 33% 33%-%
12% 8% Twin City KT 3 9% 97* 9% + %
52% 38% Union Bag&Pap (2) 1 38% 38% 38%-1%
88% 71% UnCarb&Co it)... 13 81% 81% 81%
28% 207* Union Oil of Cal (1) 11 22% 22 22
1387* 1087a Union Pacific (6) . 3 124*. 124% 124%
31% 22% Un Tank Car < 1.20). 1 24% 247* 247*— V*
32% 20% United Aircraft _ 18 22% 21% 22 + %
21 13 United Air Lines vtt 14 1574 15% 15% + %
2874 2474 United Blsc 11.60» 2 26% 26% 26%+%
29% 22% Unlt-Carr Fltl.20). 1 26% 26% 26%+%
9% 5% United Corp ._ 116 61. 6 6
47% 407* United Corp of(i)_. 9 43% 427. 43% +1
16% 10** United Drug _ 6 12% 12% 12%
7H 4Va United tlcc Coal... 7 5V* 5 51-* 4
79 66% United Fruit <3) 12 76% 76 767* + %
19% 14% United Gas Imp tl). 19 157* 15 157*+ %
20 13 U S & For'n Secur.. 2 14 14 14 - %
39% 25 US Freight (11 ... 1 25 25 25
110% 80% U S Gypsum (2)_ 2 877* 87% 87% + 74
59 37% U S Ind Alcohol 42>. 35 39 38% 38% + V*
18% 117* U S Leather! A ivtc. 1 1174 11% 11%+%
3874 2174 U S Pipe & F <174>~ 12 37 36% 37 -+ %
35 16% U S liubbt-f . 24 297* 2874 29'4 ■+• %
80% 47 US Kubber 1st pf . 12 73 71% 72 +1*1
96% 84% U S SmeJt&Ref (al) 8 90 89% 89%-%
72% 46‘. US Steel _ 122 57% 56% 57 +1
132% 115% U 8 Steel pf It)- 3 122 120 122 +2
f 7% 5 United Stores IA).. 1 5% 5*4 5*4 +- %
697* 5774 Univ Leaf lob <21 . 3 607* 60 60%+ %
37* 1% Unlv Ptpe&Rad id). 7 17* 1% 1% + %
7 3% Util Pwr & Ll IA>.. 21 5% 4% 4% - <4
2% IT* Vadsco Sales Corp.. 3 1% 1% 1% _ V4
| 27V* 16% Vanadium Corp_ 4 18% 177* 18% +1
37% 28% Van Kaalte 11) ... 5 37V. 36% 37 ’ + %
| 114 1107* Van Ral 1st pf (7).. 20s 113 113 113 +1
I 46 40 Vick Chem 02)_ 6 40% 40 40 -1
8% 474 Va-Car Chemical .. 3 5% 5% 5% — 74
48% 32 Va Car Chem 6* pf 1 36 36 26
114'a 109 Va El & Pwr pt «6> 30s 113!* 113'j 1131, + Vi
30'i 14 Va Iron C & C pf . 10s 19 19 19 -1
121 114'3 Virginia Rj nf (6) 1 124 124 124 + V,
34*. 30 Walgrean Co ((2). 2 314 31V, 3l'• — Vi
34'a 264 Walker (H) <2>-x 8 294 29 294 + Va
10 5Va Walworth Co_ 29 74 6s, 7 + v,
34* 2'. Warn Baking IB)__ 2 2'a 2'a 24 + l*
144, 9V, Warner Bros Pic_ 8 94, 9'a 9s*
10V. 41, Warren Bros ... 1 8', 84* 8'*
29V. 19v* Waukesha M it60c) 2 22'a 22V. 22'. + V.
2*. Hi Wells Fargo 40s 1'* IV* 14 - V.
984 87 West Pa Elec pf(fi) 10s 92s. 92*. 92*. — V*
110 96 West Pa ElecDf<7) 20s 103'-.. 103'* 1034
116 111*, West Pa Pwr pf(6) 10s 113'. 113’* 113V* — V*
121 1164 West Pa Pwr pf <71 10s 119 119 119 + Vi
12'* HV* Western Maryland 1 - 8*» 8V. 8S + 4
95 72VS West Union <a2) 34 79 76s, 78S *-14
48'. 34*. West gh se A B <1) 3 38 37*, 38 + 4
122'. 944 Westlngh se El 13). 16 112 llOVi 112 + 14
37'. 23'a W heeling Steel ... 1 27 27 27
28V* 185* Whit# Motor ... 17 234* 23 23S + Va
5V. 2S Wilcox OH & Gas_ 2 45, 4s 4*.
11 74* W ilson & Co <600.. 37 7!* 74. 75,- V*
87 71Va Wilson & Co pf (6). 1 75 75 75 — Va
56*« 44*. Woolworth 12.40) . 24 50V, 497* 50V, + '*
35'a 23'* Worthingion Pump 6 28 26s. 275, + 1V,
75 56 Worth Pump pfiA) 330s 69 66 67'.* * IS
66 47 Worth Pump pt< B i 1 57 57 57 *-14.
45 335* Vale & lowne(60c) 2 36 355, 36 — v*
20'* »». Yellow Truck 30 17*. 17*, 17*,
55 44', Young Sp* W 13) 2 48 48 48
i Oil* 41*. Youngstn Sheet & T 31 53', 515, 52!*+ V*
J 116 105 Youngs S&T pf 34 V* 2 114 113 114 +2
19!* 114 /.enith Radio 82 1 97* 19 1 9&* + a,
95, 5!» Zonlte Products 1 «v* 64. 64 -4
Approximate Sales of Stocks on the N. Y. Stock Exchange.
11:00 A M. ... 130.(100 12:00 Noon. 300,000
I 1:00 PM. ... 400.000 2:00 P.M 510.000
Total Sales for the day 680.000
Dividend rates as given in the above table are the annual
cash payment based or the latest Quarterly or half-yearly derla
rations
sunn ol trading less than lt)0 mates 'Annual late not
including extras tAccumuiatefl dividends a Paid this rear
o Paid iasi vear a Companies reported in rereiver.hlD or oeina
reorganized x Ex-dividend
I
l
Commonwealth & Southern
Declares Taxpayers Pay
Electric Bills.
By the Associated Press.
NEW YORK. May 22 —Wendell L.
Willkie, president of Commonwealth &
Southern Corp., stated in his annual
report to stockholders covering 1935
that taxpayers all over the United
States help pay the electric bill of a
citizen in Tupelo, Miss., every time
the electric switch is turned on.
“The country is gradually beginning
to realize,” Willkie stated, “that the
low electric rates charged in the lim
ited area in which the Tennessee Val
ley Authority is operating are made
possible only by additional taxes paid
by people in all parts of the country.
Cost Paid by Nation.
“Whenever a citizen of Tupelo turns
on the electric switch, everybody In
the United States helps pay his electric
bill. This extraordinary situation be
comes the more difficult to understand
when it is realized that our operating
companies in that area could lower
their rate at least 25 per cent below
the T. V. A. rates if they were given
the same gifts from the Federal Treas
ury as are given to the T. V. A.”
WUlkie stated that the Common
wealth & Southern, which operates
companies in 11 States in the Midwest
and South, adopted a policy of "pro
gressively declining promotional rates
years prior to the existence of the
T. V. A.,” and its customers were
among the highest average users of
residential electricity “at rates which
are among the lowest in the country,
regardless of size of the community
sprvwl ”
Business Increases.
He told shareholders that the cor
poration "had shown material in
creases in its business,” but warned
them not to be “misled” by Increases
stimulated in part "by almost limit
less spending of public money.”
As previously reported, the corpo
ration had consolidated net income in
1935 of $9,406,798, equal to $6.27 a
share on the preferred stock, compared
with $7,443,777, or $4.96' a preferred
share in 1934.
Discussing refunding operations,
Willkie stated that the corporation
sold during the past year and a half
a total of $162,282,000 bonds of North
ern subsidiary companies at interest
rates ranging from 3 hi to 4>/4 per cent,
proceeds from which were used to re
tire higher Interest-bearing securities.
United Drug, Inc.—President stated
first quarter sales were the largest for
that period la alx years.
r
Auto Production
Down to 110.845
Level for Week
| By tbi Associttec Press.
DETROIT. May 22.—Ward's Re
ports. Inc., estimated today that pro
duction of automotive plants for the
; current week totaled 110.845 cars and
trucks, compared with 116.855 for the
preceding week.
Ward’s attributes the decline largely
to the reduction of operations in the
Ford plants, which it says have re
turned to four-day schedules.
Cram’s Reports place this week's
output at 109.821 units, compared with
117,156 it estimated for last week and
100.705 for the corresponding week of
1935. Cram's said the outlook for next
week was for a total about equal or a
little lower than that of the current
week.
CORPORATION
REPORTS
TRENDS AND PROSPECTS OF
LEADING ORGANIZATIONS.
NEW YORK, May 22 —The follow
ing is today's summary of corporation
news prepared by Standard Statistics
Co„ Inc., New York:
Raybcstos-Manhattan, Inc.—March
quarter common share earnings were
58 cents vs. 49 cents.
Zenith Radio Corp.—Following the
convention, at which they were shown
the* 1937 models, Zenith Radio dis
tributors placed initial orders total
ing $4,187,634; in 1935 distributors
placed initial orders of $1,200,000.
Fairbanks, Morse & Co.—It was said
this company is expected to sell in
the near future $6,OOO.OOC of 4 per cent
sinking fund debentures and use the
proceeds to redeem on August 1, 1936,
$5,438,500 of the outstanding 5 per
cent debentures, due February 1, 1942.
Consolidated Oil Corp.—Net income
of company in first fou months was
around $4,500,000.
Swiss Oil Corp.—Common share
earnings, four months ended April 30,
were 20 cents vs. 8 cents.
Loblaw Groceterias Co., Ltd.—Net
profit, 48 weeks ended May 2, was
$751,890 vs. $730,257 in 48 weeks ended
May 4, 1935; net sales in like 48 weeks'
period showed an increase of 4.8 per
cent over like 1935 period.
Electric Power & Light Corp.—Kilo
watt system input of subsidiaries for
the week ended May 14 increased 21.3
per cent over like 1935 period; in pre
ceding week gain was 22.6 per cent.
National Power & Light Co.—Kilo
watt system input of subsidiaries for
the week ended May 14 increased 12.6
per cent over like 1935 period; in pre
ceding week gain was 16.4 per cent.
A
Washington Exchange
SALES.
Capital Transit Co.—10 at 12?*, 10 at
1234, 5 at 1234.
AFTER CALL.
Washington Rwy. & Elec, pfd.—5 at
110'2, 10 at 110*2.
C. & P. Tel. of Va. 5s—$300 at 10234.
BONDS.
Bid and Asked Prices.
PUBLIC UTILITY
Amer Tel A- Tel 4'ss_. *'*_*.?
Am. Tel. A: Tel. Col. Tr. 5s _ lu.S‘4 _
Anacostia & Pot os_ 74 77
Ana. A: Pot. Guar 5s_ion _
C. A* P. Tel. of Va. 5s_in:; in;
Capital Traction R R 5s_. 5io HI
City Suburban 5s_ *4 *7
Georgetown Gas 1st 5s_llii __
Pot. Elec. Pou. Cons. 5s... 1 (Mi _
Potomac Elec. Hs_ in«;
Wash. Gas 5s 1J»5N... _... 1 <n ,
Washington Gas 5s lmio... ns
Wash. Gas (is. series B_ too'.
Wash. Rwy. A- Elec. 4s_ IO(»*«
MISCELLANEOUS
Chevy Chas» Club 5’2s_ 10(V .
Col. Country club S’is_104 _
W. M. Cold Storage 5s_loo _
STOCKS.
PUBLIC UTILITY.
Amer. Tel. ft Tel tfl)_161
Capital Transit Co_ IS** 13
N. ft W. Steamboat, (6)_ 86
Pot EieC POW 6T Did (Bl 1MK' . Kilt",
Pot. El P. 5'aT pf. (5.50). Iin'4 _
Wash. Gas Lt. Co. 13.60)_ 71) 83
Wash. Rv. ft El. Co i36)_ 550 _
Wash. Ry. ft El. pfd (5>. 110 110'4
BANK AND TRUST COMPANY.
Amer. Sec. ft Tr. Co. )10> 258 268
Bank of Bethesda (1.50)_ 27
Capital i4l_ l.'fii
Com. & Savings <8)__. .. 18.4
Liberty t.li _ ms ' "
Lincoln i6.25) __ 200 "50
Natl 8a»\ & Tr_ 115 l:«i
"rince Georges Bk. ft Tr._ Jo -;i>
Riggs (8) __ "fill "70
R'sgs nfd (5)_ |041
Washington («) . " nn,j i°o>.
Wash. Loan ft Tr. (8)__”_; 223 ....
FIRE INSURANCE.
American (tl2)_ 105 _
Corcoran (51_... «is
Firemen's (1.60)_ 3(1
National Union (.60)_ '4 ”
TITLE INSURANCE.
Columbia (.30)_ 7
Real Estate (6) __185
MISCELLANEOUS.
Carpel Corp. (1.60)_ 2384 2488
Lansto" Monotype (4)_*80
Mergenthaler Linotype ... 130 40*<
Peoples Drug S com. (1)_ 4084 4iva
Peonleo Drug S pfd (6.50). 1138a _
Real Est. M. ft- G pfd. (.20) 48, 6
Security Storage >5)_106
Ter Ref ft Wh. Corp. (3). 51 1
Wdwd. Sc Loth com. (tl.50) 55 64
Wdwd Sc Loth. pfd. (7)_120 _
•Ex. dividend.
♦ Plus extras
♦6<4 extra.
150 cents paid May 15. 1»36.
— -a
MORE COPPER USED
BY POWER COMPANIES
By ttu Associated Press.
NEW YORK. May 22 —Reflecting
the expansion and replacement activi
ties In the public utility industry last
year. 132 electric pov :• and light
companies used 34.295 tons of copper,
against 26.830 tons used by 137 com
panies in 1934, the American Bureau
of American Statistics reported.
- —
New Jersey Power & Lipht Co.
Preferred share earnings, 12 months
ended March 31, were $21.77, vs.
I $20.30.
WITH FIRM TONE
Many Leaders Up Fractions
to Two Points—Some
Advances Wider.
Stock Averages
. JO 15 15 50
Indus. Rails Util Stks
Net change.+ 1.1 +-.5 +8 + 9
Today, close 80.8 33.4 45.7 60.2
Prev. day... 79.7 32.9 44 9 59.3
Month ago. 80.9 33 8 46.5 60.5
Year ago... 59.3 22.1 28.5 42.3
1936 high... 85.8 39.7 50.8 64 8
1936 low_ 73.4 30.2 43.4 55.7
1935 high... 76.3 31.2 44.7 56.1
1935 low_ 49.5 18.5 21.6 34 8
1932 low_ 17.5 8 7 23.9 16 9
1929 high...146.9 153.9 184.3 157.7
1927 low_ 51.6 95.3 61.8 61.8
tCompiled by the Associated Press.)
BY VICTOR El BANK. ,
Associated Press Financial Writer.
NEW YORK, Mav 22.—Stock*
climbed quietly in today's market,
many leading issues recovering frac
tions to 2 points, with a few holding
wider advances.
More cognizance apparently was
taken of satisfactory corporate state
ments, dividends and general eco
nomic news There was a little late
profit talcing, but the close was firm.
Transfers approximated 650,000
shares.
Only the continued smallness of the
trading volume chilled the spirits of
brokerage quarters. Many of the
usually active commission house cus
tomers were said to be still waiting
for a definite trend to assert itself. *
The utilities pointed th'e upward way
for shares and steel, farm implement,
merchandising and rail equities fol
lowed.
Among the best performers of the
session were American Telephone,
Consolidated Edison. American Water
Works. United States Steel, Bethlehem,
J. I. Case. Continental Can. Deere,
International Harvester. Chrysler,
Standard Oil of New Jersey, Phillips
Petroleum. Sears-Roebuck. Montgom
ery Ward, Philip Morris. Westinghouse.
Zenith Radio. Santa Fe. New York
Central and Southern Pacific.
Carrier stocks made a belated re- *•
| sponse to the official freight car load
' ings report for last week, showing the
total up more than seasonally to the
best level since October. 1935.
Bonds and foreign currencies were
narrowly mixed. Wheat we.s to
cent a bushel improved and corn was
down '2 to 7g.
NEW YORK COTTON ‘
By tr.e Associated Press.
NEW YORK. May 22.--Except for
the final evening up of May delivr.ies,
no special feature developed in cot
ton, with general business compara
tively quiet and fluctuations narrow.
After selling at 10.43 early. October
reacted to 10.37 and was ruling around
1041 in the middle of the afternoon
when active months were within 2 or
3 points either way of yesterday's clos
ing quotations.
Futures closed steady'. 3 higher to 4
lower.
High Low. Close.
July _ 114 1 11.30 11.tilt
October In.43 10.37 in.3* -;:3
December_10 30 10.3' 10 34 •
January _ 1037 10 34 ln.33
March _ i0 4‘7 10.37 10.311
Spot quiet; middling. 11.80.
Cotton Seed Oil.
Bleachabie cotton seed oil futures
closed steady. July. 8.69b; September,
8.71; October. 8.59: December. 8.52b
Sales. 51. contracts, including 2
switches, b Bid.
Liverpool Quotation*.
LIVERPOOL May 22 -TV—Cotton *
28.000 bale* including 400 America:'.
Spot in fan demand price* : poin*s
higher: quotations in pence American
strict good middling. 7.27: good middling.
6.97: strict middling 6.77 middling.
6.57 strict low middling. 6.27. low mid
dling 6.02: strict good ordinary 5.82:
good ordinary 5 52 Futures closed quiet
and steady May. 6 2.t July 6.06; Octo
ber 5.71: December. 5.62; January. 5 61;
March. 5.61.
CHICAGO GRAIN
-
By tnc Associated Press *
CHICAGO. May 22—Wheat ad
vanced a cent a bushel maximum to
day, but the gain was not well main
tained.
Scattered purchasing for uneasy
previous short sellers was largely re
sponsible for price upturns. Notices
were posted indicating 278.000 bushels
would be delivered tomorrow in set
tlement of May contracts here, a rela
tively small amount.
Wheat closed nervous, ’s-’j above
yesterday’s finish. May. 95a95’»: July,
86l«a'4: corn, H-78 down. May. 625g;
oats unchanged to ’« off. and provi- *
sions varying from 17 cents decline
to a rise of 22 cents.
WHEAT— Op-n Hi-h Low Clote
May __ .9434 ,'»53« 948* .Pa-951 •
July ... 85s* 86« .85 N 86»«->4
S«?o. __ .8434 h53# .84*4 -853»-la
CORN—
May _.«;* .62* 2 -62H
July _.593« .”»! 13 4 .59t4 591*-3*
Sep _.57*2 »2 .57l* 57'«-*4
OATS—
Mev _.241r 2414 24** .24 Via
July __.2.V* *5l4 .25 25
Ser _.25'r 2.V* .25s* .25»«-34
PY£__
May __ 543. V4>2 ,537a 54’y
Juh' _,53 s. 5 44. .53s* "->4
Sen _ 54 54s. .54 .54".
BARLEY—
May __ _ _ — .3, .
July _ _ _ _ .39
IARD—
May_ _ _ _ 10.30
July_io.no io.no io,r: 10.17
Sen _10.3" 10.37 10 70 10 7o
Cct _10.05 _ _ 10.05
OPT r TP2
May_ _ __ __12.5‘»
July _ .... _ _ IS. 25
Chicago Cash Market.
Cash wheat. No. 2 mixed. 98*.- <39
per cent hard). Corn, No. 1 mixed. 66
(mainly white); No. 4 mixed. 60 .
(poor); No. 1 yellow, 64,?a65; No. 2
yellow, 5334a64'2; No. 3 yellow, 61 Isa
63 i*; No. 4 yellow, 604sa61^; No. 6
yellow, 59a61; No. 2 white, 68: No. 3
white, 6634; No. 4 white, 60Vaa£54*,
No. 5 w'hite, 58a63; sample, 40a59.
Oats, No. 2 white, 28; No. 3 white.
24’ia26V»: No. 4 white. 24a2434;
sample. 22a24. No rye. No buckwheat.
Soybean, track, Chicago. No. 4 yellow.
78*/ia81; sample yellow, 74a75. Barley,
actual sales. 80. Peed, 30a48. nominal.
Malting, 45a92. Timothy seed, per
hundredweight. 2.75a3.00. Clover seed,
per hundredweight, 12.00al9.00.
i
Liverpool Grain Price*.
LIVERPOOL May 22 i/Pi.—Wheat fu
tures closed easy:
Prev
Hish. Low Close Close.
May - 853» 84», 85 8iP«
July _ 8« 854* 8532 8*!1,
October _ 84»» S4V* 84y, ss3,
December _ 84 834* 834*
Exrhanee. 4.fits’/*.
TIN PLATE RATE RISES
NEW YORK. May 22 (/P).—American
Metal Market says production of the
tin plat* industry has advanced to a
shade above 100 per cent of stand- •
ard running time. The highest per
centage rate last year was slightly
over 90 per cent in late MnyeK
I

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Evening star. [volume], May 22, 1936, Page A-18, Image 18
About Evening star. [volume] (Washington, D.C.) 1854-1972