Evening star. [volume] (Washington, D.C.) 1854-1972, June 08, 1937, Image 19

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Evening star. [volume], June 08, 1937, Page A-19, Image 19
About Evening star. [volume] (Washington, D.C.) 1854-1972

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Evening star. [volume] (Washington, D.C.), 08 June 1937. Chronicling America: Historic American Newspapers. Lib. of Congress. <https://chroniclingamerica.loc.gov/lccn/sn83045462/1937-06-08/ed-1/seq-19/>

Newspaper Page Text

CURB LIST STAYS
Most Shares Turn Lower,
Aluminum Co. Eases
Two Points.
g, the Associated Press.
NEW YORK. June 8.—Stocks moved
narrowly today in the curb exchange.
With losses predominating.
Among ( those losing ground were
Alumlnutfi Co., off 2; Gulf Oil, off 1;
Great Atlantic & Pacific Tea Co., off a
major fraction; Pittsburgh Plate Glass,
off 114. st,. Regis Paper. United Wall
Paper, Leonard Oil and Lake Shore
Mines sagged.
Niles-Bemont-Pond was in demand,
running up 2\. American Gas A
Electric. American Light A Traction
gained fractions.
HUPP MOTOR COMPLETES
UNDERWRITING PLANS
Bs th* Associated Press.
NEW YORK. June 8.—The Hupp
Motor Car Corp, Detroit, has com
pleted arrangement for the under
writing of stock to raise approximately
12.892,000 in additional capital, it was
■ nouneed in Wall Street today.
A new line of cars will go into pro
duction Immediately, it was said.
*-•
‘. GREEN PLAN APPROVED.
NEW YORK. June 8 (/Pi.—Creation
of 80.000 shares of new first preferred
stock was authorized today by stock
holders of H. L. Green Co. Of the new
stock, it was proposed to issue 40,000
shares to augment working capital and
redeem outstanding preferred. The
company operates a national store
chain.
CURB BONDS
DOMESTIC BONDS.
High. Low. Noon.
Ala Power 4'as 67 70 70 10
Ala Power 5s 46 A J nit’, loo3, loo’,
Ala Power 5s 51. 94’, 94s, 04’,
Alum Co 5s '52 . I Oft1, m«', luti'j
Alum Co Ltd 5s 48 1061a loft'a loop
Am G A E 5s 2028 108 loTI, lot’.
Am P A L fts 201 ft HI1, 01 0 1
Am Roll Mill 5s 4* . 3 0.1 lo.l lo.l
Am Seat tis .1ft stud 105*, I05'« 105',
Anpalach E P 5s 5ft 1 oft1, 106V, loft1,
Appaiach Pw 5s '41 108’, 108>, 108',
Ark P A L 5s 5ft Oft3, Oft’, 06’,
As El Ind 4'aS 5.1 63', 53 53
As G A E 5s 5o 48', 48*, 48' ,
As T A: T oias 5" A 84’, 84', 84 ‘,
Bald Lo 6s 38 xw 1 72 1 72 172
Bald L 6s '38 xw stp 173 113 173
Bell Tel C 5s '55 A 1 1 4’, 1 I 4 ', 11 4’,
Bell Tel C 6s '57 B 110 110 110
Can No Pw 5s '53 A I"3 103 103
Can Pac 6s '42 110 llo no
Caro PwALt 5s 5« _ 07 oft’. Oft’,
Cent 111 P S 5s Srt E 103 lo.l 103
Cen 111 P S 4'aS 'ft7 F 07’, 07’, 97s,
Cent 111 P S 5s 'ftft G loi 101 lol
Cen O LAP 6s '50 A 00', oo', 00',
Cent Pw A Lt os oft. 92 'a 02', 92'a
Cent St El 5s '48 54 53'2 53'a
Cen 8t PAL 5'as '53 . 531, 53’, 5.1’,
Chi Rys 6s '27 cod _ K7 H7 «7
Cities S>'c 5s oil 70 HO5, HO5,
Cities S Gas P fts 43 .. lop, loi *, loll,
Cit S PAL 5' as 52 _ fto'a tin', rift',
Cit 8 PAL 5'as '49 _ MS*, H.5*« 65s,
Comw Ed 4s '81 F . loft', loti', loti',
Comw Ed 31,s Ho H io4'a 104', 104’,
Com Pb Sv 5s 'till A 72s, 72’, 7"’,
Comw Eb 5'as '48 A 104 104 104
Cnmnty PAL 6s 57 . 08'a 08'a 08'a
Con, Gas of B 6s '30 107’, 107107
Con G,a U' 6a '43 st 78', 78', 78',
Cont G A E fts '58 A _ 83’, 83 83’,
Eel El Pw 6'as '59 . 3 03 lo.l lo.l
txie G G 6'2S "37 A 100'a loo'a 100‘i
East G A F 4s 'oft A _ 83’, 83*, 83 ',
El Pw A Lt ns 2030 - 8412 83 8413
Emo OAR 6'as 42 _ 8ft', 8ti', 8ti',
Fed Wat 5'as '54 . 7ft 7ft 7t;
Florida PAL fts '54 80’, 89’, 80’,
G EAO os '44 stp XW . 08', 08', 98>,
Gatineau P fts '41 B 10!', 101'» 101',
Georgia Pw 5s 'ft7_ 8»'a 80', 89',
Georgia PAL fts 78 __ 69 68 60
Glen Alden Cl 4s 65 70', 7 0', 70'a
Grocery Str fts 45 _ ... 80 80 80
111 Pw A L fts '5'' A 102'a 102'2 102'a
111 Pw A L 5s 'oft C Oti', 05', Oft
Indiana Ser 5s '50 H7 ft7 h7
Indnap PAL fts 57 A lt'5’, 105*, loft’,
Interc Pw fts '48 a ft', ft', ft',
!nterst Pw fts '57 _ 54 5.3', 53’,
nterst Pw fts '52 37’, 37'a 37'a
nterst P 8 4 ,s 58 F 74’, 7 1’, 74’,
Inwa-N LAP fts '57 A 07', 07', 07',
J«r C PAL 4'as 'til C . 104*. 104', 104",
Kan GAE fts 2022 A 118', 1 18', 1 |8',
Kentucky Ut fts 'HI _ 84 s4 84
Kentucky U fts fto I 833, S3', 83’,
Ken U 5'as '55 F ._ 05 05 05
Ben U 6'as 18 D 00", 00s, 00s,
thigh P 8 tis 2026 A 105 105 105
Lex Util fts '52 103'2 103'a 103'a
La Pw A Lt ns 57 1051, loft’, 105',
Mil G A E 4'as 67. _ 00 99 99
Minn PAL 4'as '78 08 os os
Minn P A L fts 55. 103 10.3 103
Miss Pw A Lt fts 57 . . 87 1 a 87', 87'i
Nat P A L fts 202ft A Sft'a 8ft', 86',
Nat P A L 5s 2030 B 7 8 77:, 771;
Nat Pb 8 5s *78 cod 41’, 4”, 4 4’.
Nebr Pw fts 2022 ... 11 7 •*, 11 7 *, 11 7•>,
Nevada Cal El 5s '56 . 84 8 4 84
New E GAE fts '47_ 09 684, US’,
New E GAE fts 4 8 .. . fix', usu hx>!
New E GAE fts 50.. _ 68’, 67’, fts’.
New E Pw ns '48 .. oo', OO'a 90’a
New E Pw 5'aS '54 _ 92', 92", O'",
New Or P S fts 49 A ... 75', 75 7ft
N Y P A- Lt 4Vis 67 ... 105’., 105'« 105',
N Y 8 EAG 4 ' as '80 . 101’, 10l>, ] 0|
Nor A L A P 5'as '56 03 03 93
No Can U ftps '48 A _ 5S'i 55'i 55'i
No Ind P SI 5s '66 C . 1 oI *, 1 o 1 ', 1 01
Norw El 6s '45 stpd. 1 04'2 1 04 12 1 "4'2
Northw P 8 5s '57 A Oft', 95", 05',
Ohio Pwr 5a '52 B _ 105', 1 05", 1 051,
Ohio Pub S fts '5.3 C I08’, Ins’, jos’*
Ohio Pub S 5a '54 D 103’, 103’, 103’,
Okla P A W fts '48 A._ 00 00 on a
Pac PAL 5s '55 _ 76 76 76
Palmer C La 6s '38 102 102 ]o"
Efnn £ k * f 4'it* '77. 94 03’, 03’1
Penn C P A L 5s '79 100'i 100'a loo1!
Penn P Svc «s 47 C loop |06"a loo’a
5,'- !40 "18’, 1 08’, 108’,
J?!1 P -L as ,2 ... J 10'a 1 KlVa 1 10'a
Phila Rap T fts 62 . 00 88 88
Portland G A C fts 40 7" 70 70
Potomac E 5s '56 E . 107'a 107 ‘i 10717
§ H. ? 4'*s 81 P 103 "2 103 Va 103',
Pub 8 Okla 4s '66 A . 101", 101 ", lop.
Pug S PAL 5"is '49 A . 84', 84’, 84’.
Pug 8 PAL ns '50 C . 80 80 80
Pug s PAL 4'as '50 D— 7H’« 7ft’. 7«’,
8t L GAC 6s '47 mat 1 I "i ip, ip!
8 E P A L 65 2025 A__ 94’, 94’, 04’!
Sou Cal Ed 3’,s '60. 103", 103 103
Sou Cal E 4s '60... __ loft", 106", 106'i
sottw As T fts 61 A.. 93'a 93", 931,
l?S,J.FiL ** A ._ 86s, 86".; *86si
Std GAE cv fts '.'15 cod.. ft8'2 ti8 68
Std Cl A E Os '51 A - 69 H8'i 08',
Super of III 4'as 'H8_. 105’, 105’, loft’;
Tenn Pub S 5s '70.. 71", 7171'!
Texas Elec 5s '60_101 j 01 101
Tex Pw A L fts '56- 105', 1051, 1051,
Tide Wat P fts '79 A__ 95’, 95’, 95’!
Twin C R T ft'aS '52 A . 79'* 79'! 79'!
tJnit El N J 4s ’49 1 113»-« i
unit Lt A Pw 5"aS '59 105a! 104"* 104"!
Unit Lt A Pw 6'aS i4 7ft', 76", 7ti’7
Unit LARD ftPs '52 80 79’! 79’!
Va Pub 8 5'2s '4ft A 9K’, 9ft’, pft’!
Wash Gas Lt, fts '58 . 10ftVa 1 Oft'/i 105'/!
Wash WAP fts 'fio 1 04'2 104'a 104"!
West News U fts '44 50", 50"! 50"!
West Pa 58 2030 _. 97'a 97"! 97"!
West Pa Tr 5s '60 . 107'x, 107"! 107v!
West T Ut fts '57 A it", (i-l. ,.l,
W UG A E ftps '55 A 105", 1051, 10.6"!
Wts PAL 4s 56 A 9.5 95 ps *
York Rwy Co 5s '37 88*i 88’i 88’.,
FOREIGN BONDS.
Ciuca Val 7» '46 15 15 15
Col Agr M B 7« '46 _ 23 2:1 ";i
:ol Agr M B 7s '4 7 23 23 03
Danish Con 5>2s ’55 _lOli*]0l 101
'In R M B 5s '61 st _ 101 a* 10]1 i loit/
ral Su Pw 6s '63 A _ 534, 5,'U4 S3>4
.eon Trletz T'2s '46 23 23 03
llanttag Chll 7s 49 IT1, 17</4 i7Vj
*»—With warrants, xw—Without war
rants. n—New st (stp>—Stamped
{Negotiability Impaired by maturity.
tCompanles reported In receivership.
U. S. TREASURY NOTES.
NIW YORK June 8 UP).—Prices quoted
wn dollars and thirty-seconds:
Approx
ret. Month. Year. Bid. Asked, yield!
V* Sep., 1937 _100.31 101.1
25i Feb . 1938 - 101.13 101.15 .35
3 Mch. 1938 _101.31 102.1 38
S’. June, 1938 - 102.12 102.14 ,47
S a Sep. 1938 __ 102.9 102 11 63
1,3 Mch.. 1939 _ 100.18 100.20 1.14
?'« June. 19.39_ 101.25 101.27 1 19
14. Sep. 1939 _ 100 7 100.9 1 25
Dec.. 1939 _100.4 109.6 1.29
1*. Mch. 1940 __ 100.16 100 18 1 41
}> June. 1940 _ 100.4 100.6 1 43
l'? Dec . 1940 __ 99.29 99 31 1 51
l’x Mch.. 1941 _ 99.27 99.20 1 52
J.a June. 1941_ 99.10 99.12 1.54
ly» Dec.. 1941 _ . 98.24 98.26 1.62
IV* Mch.. 1943 - 100.11 100.13 1.60
-•
FOREIGN EXCHANGES.
NEW YORK, June 8 UP).—Foreign ex
change mixed: Great Britain in dollars,
others in cents. Great Britain—Demand.
V*: cables, 4.93V*: 60-day bills. 4.92,',.
France—Demand. 4.45V*: cables. 4.45'/*.
Italy—Demand. 5.26V*; cables. 6.26V*.
Demands—Belgium. 16.86: Germany,
tree. 40.05: registered. 21.50: travel, 25.66;
8plJ»nh, 54.99: Norway. 24.79: 8weden,
55.43: Denmark. 22.03: Finland. 2.19:
Switzerland. 22.84Vj; Spain, unquoted: Por
tugel, 4.48V,: Greece. .91’ Poland 18.97:
Czechoslovakia 3.48'2: Yugoslavia. 2.34.
Austria. ] 8.75n: Hungary. 19.80. Rumania.
J5: Argentina. 32.8?n Brazil. 8.80>*n
Tok'0 28.75 Shanghai, 29 66: Hongkong.
30.45: Mexico Cltr. 27.60: Montreal in New
e Tory 100.00: New York in Montreal.
100.00. n—Nominal. (H
NEW YORK CURB MARKET
By private wire direct to the Star.
All tins shown below la daylight earing
an which the Exchange la now operating.
2 .10
Stock and Salaa—
Dividend Rote. Add 00. High. Low Close.
Acme W vtc <2).. 25s 47% 47% 47%
Ainsworth b25c1 14 14 14
Air Device Corp._ 2 2% 2% 2%
Air Invest cv pf 3 27 27 27
Ala Pwr pf (6) ... 10a 61% 61% 61%
AltbimPw pf(7) 10a 72 72 72
Alliance Invest . 1 3% 3% 3%
Aluminum of Am 150s 144% 143 144
Alum Am pf <«)_ 350s 117% 117 117
Alum Tnd (40c) . 50s 7% 7% 7%
Am Airlines Inc. 2 22% 22% 22%
Am Beverage . 1 2% 2% 2%
Am Box B i h4Mc) l 20% 20% 20%
Am Centrifugal 11 3% 3% 3%
Am C PAL B hide 2 4% 4% 4%
AmCynmBtSOc. 9 32% 31% 32%
Am&ForPwww 8 2% 2% 2%
Am GAE (1.40)_ 8 32% 32 32%
Am G&E pf (6).. 325s 109 109 109
Am Gen (a50c> 1 9% 9% 9%
Am l.aund M ROc. 1 27% 27% 27%
Am D&T 11.20__ 6 18% 18% 18%
Am M fg (a3) 25s 48% 48% 48%
Am Maracaibo_ 7 1% 1% 1%
Am Superpower . 5 1% 1% 1%
Am Superpwr pf_ 2 29 28 28
Am Superp 1st 1 92% 92% 92%
Arcturus Fladio1 1% 1% 1%
Ark Nat Gas .. 2 7% 7% 7%
Ark Nat Gas (A). 6 7a, 7% 7%
Ark Nat G ru pf .. 19 9 9
Ashland Oil t40c_ 3 6% 6% 6%
Asso Gas A Elec- 1 1% la. 1%
AssoGAE(A) . 5 2% 2% 2%
All Cst Fish b35c. 1 8% 8% 8%
Atlas Corp war... 11 2% 2% 2%
Austin Stiver_ 2 2 1% 2
Auto Products . S 6% 6% 67,
Auto Vot Mch 50o 1 107« 10% 10’.
Avery A Son _ __ 1 11% 11% n%
Axton-Fisher A.. 60s 32 32 32
Rahcox & Wil 4 . 300* 122 121 122
Raid L bd rts(d) . 4 2 2 2
Barium Stain St 1 1 4a, 4a, 4a;
RarlowAS A 1.20. 160* 16*. 16% 16%
Bath Iron Wks .. 1 10% 10% in%
Bell Aircraft_ 1 13 13 13
RerkeyAGay_ 16 2% 2% 2%
Rerk A Gay war.. 4 1 11
Bickfords (1.20). 1 13% ]3% 13%
Blue Ridg.»(bl ac) 6 3 3 3
Blue Ridge cv 3 . 3 46% 46% 46%
Bow'n-Rilt 2d pf 2 3% 3% 3%
Brazil TLAP b9flo 3 26 24% 25
Breeze Inc (aTjc). 2 11% 11% 11%
Brill Corp (A)_ 2 9% 9% 9%
RrillCorp(B) _ 1 3% 3% 3%
Rrit-ATruR bo 5c 1 31 31 31
Brown Co pf 1350* 84% 82 84%
Brown Fenre h!>0 6 14 14 14 1
Bunker Hill A S.. 6 25a; 25% 25%
Burcolncwar 1 V, % %
Burry Bis (b25c) 1 6% 5% 5%
Can Hydro 1st pf 50* 8.7 82% 83
Can Ind Alco A.. 1 5% 5% 5%
Can Marconi 1 1% 1% la,
Carib Synd(baOc) 1 1% l7, l7, j
Carnegie Metals. 3 2% 2% 2%
Carrier Corp_ 4 49 48% 49
Catlin (a4()c) .. 2 6", 6% 6%
Celanese 1 st+7 _ 50* 124 124 124
Cent Oh Stl bSOc 1 14 14 14
Cent P A I, 7 % pf
(h.) 06% ) . 100* 86 86 86
Cent A S W I'tll.. 4 2^, 2% 2a,
Cent States El 1 1% 1', 1%
Chi Flex Shft (4) 200* 65% 65 65%
Chief Con Mining 2 1% 1% 1%
Cities Service_ 30 3% 3 3
Cities Serv pf_ 2 47% 47 47%
City Auto (t60c). 1 9% 9% 9%
Clark Con (boOc). 1 .77 37 37
Claude Neon Lts. 3 2% 2% 2%
Cleve Tractor ... 1 13% 13% 13%
Club Aluminum.. 1 1 % 1% 1%
Colon Dev l,td .. 8 6a, 6*. 6%
Colo FuelAl war. 4 14% 14 14%
Colts P F A b75c . 2 63’, 63% 63%
Col GAE cvpf(5). 25* 66 66 66
Col O A G b20c . 13 7 6% 7
Comwlth Edis t4. 3 109 109 109
ComwlthASwr. 2 % % %
Comunty PS tl_ 50* 26 26 26
Cons Aircraft .. 3 23% 23% 23a;
Cons Biscuit 60c. 1 5% 5% 5%
Consol Copper 25 10% 9% 10%
C GEDAP Rn 3.60 2 69% 69 69%
Con G Bo pf A f 5). 10*114 114 114
Con MinASm t2 . 50* 80 80 80
Cons Ret Str tn). 6 7'. 7% 7%
Consol Steel_ 4 10% 10% 10%
Cooper Bessmer.. 3 25 24% 25
Cord Corp 11 3 3 3
Cosden Oil (Meld 2 1% 1% 1%
Cosd Oil ( Me )pf d 4 23% 23% 23%
Creole Pet t(50c) 4 33% 33% 33»,
Croft Brewing_ 1 44 tt 14
Crown Cent a6c . 2 2 2 2
Crown Dr (h’Oc). 4 3% 3% 3%
Crystal Oil Ref _ 8 % % %
Cuneo Press (2)... 1 4(1 40 40
Cusi Mex Mining. 13 % % %
Dayton Rub A b.l 100s 30 30 30 i
Dennison 7% pf.. ]0s 72 72 72 j
Derby Oil & Ref 3 6% 6% 6% !
Det Gra y J ron 4c 1 2% 2% 2%
Doniln Steel _ 1 18% 18% 18**
Draper (t2.401 80s 81 8ft 81
Driver Harris 1 % 1 "7 37 37
Duro Test (40c). 2 5% 5% 5%
Eagle P Ld b20c . 2 20% 19% 20%
Eastn G&F Agso. 2 5% 5% .5%
Esin Slates Pw . 2 3** 3*. 3%
Easy W M B b25c 1 9% 9% 9%
Edis Bros Sirs hi 1 20% 20% 20%
El Bond & Share. 62 16% 15s* 15%
Elec B&S pf (5) _ 1 58 58 58
El Pw Asso bloc. 2 5% 5% 5%
El Pw As A bl5c_ 1 5% 5% 5%
Elgin X W h50c . 25s 31% 31** 31%
Emp G&F 6% pf. 50s 50% 50% 50%
Emp G&F 7% pf. 100s 53% 53% 53%
Emp G&F 8% pf. 50s 58% 56% 56%
Equity Crp a25c.. 7 2 2 2
Eureka PL (4) 50s 35 35 35
Kurop'n El hri rts 1 % % %
Ex-Cell-O fb40c) 2 20% 20*. 20%
Evans Wall Ld... 1 1'-, 1% 1%
Fairchild (aloe). 11 6 5% 5%
Falstaff Br 71 %12 9% 9 9
Ferro Enam b75c. 1 38% 38% 38%
Fidello Brewery. 8 % % %
Fisk Rubber . 3 13% 13% 13%
First N S 1st pf 7 10s 112*, 112% 112%
Ford (Can) A (1) . 1 23% 23% 23%
Fox(P)Brew 80c. 1 10%- 10% 10%
Eroedt (20c)_ 1 12 12 12
Gen Invest_ 6 1% 1% 1%
Glen Alden (tl).. 8 10V* 10 10%
Godchaux Sug B. 1 25% 254 25%
Goldfield Consol. 7 % jV %
Gorham Inc pf _. 50s 36 36 36
Gorhm vt ex b75c 3 26 25% 25%
Grand Natl Flms 1 2% 2% 2%
Grand Rap V (1 ). 1 14% 14% 14%
Gray Tel P S (1). 2 10% 9% 9V*
Grt A&PT nv t6 70s 89% 89% 89%
Grt A&PT lstpf7 25s 123 123 123
Greenfield T&D . 4 15% 15 15
Guardian Invest. 1 % % %
Gulf Oil (b25c)._ 18 54% 53 53
Haloid Co (tl)_ 1 18 18 18
Hartman Tob__ ; ] 2% 2% 2%
Harvard Brew... 4 1% 1% 1%
Hat Corp B 80c.1 11 11 11
Hearn D S bl.65.. 3 14% 13% 14%
Hecla Min b45c . 4 17% 17% 17%
Heller (WE) 140c. 2 8% 8% 8%
Hires(CE)A (2) 200s 43% 43% 43%
Hoe & Co Inc( A ) 1 25% 25% 25'-*
Hollinger G t65c 3 11% 11% 11%
Horn & Hard t2. 100* 35% 35% 35%
Horn&Hard pf a. 20* 106 106 106
Hud Bay M b"5c. 3 29% 28% 29%
Humble 011(1 % ). 2 78% 78 78%
Hydro E! S b20c .. 19 9 9
Hygrade Food F_ 2 3% 3% 3%
111 Iowa P d ctfg.. 2 10% 10 10%
Imp Oil Ltd T50c- 2 21% 21% 21%
IT GtB&Ib84 %c 1 37% 37% 37%
Ins Co No Am t2. 50s 65 64% 64%
Inti Hy El S pf .. 1 30 30 30
Inti Pete <tl%).. 4 35 34% 34%
Inti Radio b25c . 2 13% 13% 13%
Iron Fire vtc 1.20 50s 20% 20% 20%
Ital Sup'pw d rts. 1 -h -fa +
Jacobs Co (b50c) 10 16% 16% 16%
J erCn P&L pf 5 % 25s 76% 76% 76%
Jer C P&L pf 6 . 10* 82 81% 81%
Ken-R T b37%e.__ 1 21 21 21
Kingston Pr 40c.. 2 6% 5 6%
Kress SH pf 60c.. 1 11% 11% 11%
Kreuger Br (tl).. 1 16 16 16
Lakey Foundry_ 1 5% fi% s%
Lake Shore < 14)_ 11 50 49% 49%
Leh CoalftN 30c.. 2 8% 8% 8%
Leonard Oil ... 17 1% 1 1%
j.iion uil iter 20 27% 27% 27%
Lockheed Air_ 4 12% 12% 12% •
Locke Stl C tSOc.. 2 15 15 15
Lone Star G *0c .. 3 10% 10% 10%
Long Island Ltg. 2 3% 3% 3%
Long 1 L pf A(7). 90* 83 83 83
Louisana Ld 40c. 18 12 12 12
Lynch Corp (t2)_ 2 41% 41 41%
McWUlma D t2 _ 2 24% 24% 24%
Marconi (a26%c). 1 8% 8% 8%
Mass Util Asso--. 2 3 3 3
Massey Harris .. 2 13% 13% 13%
Memp N G (blOc) 2 5 6 5
Merritt Chap * S 2 7% 7% 7%
Merritt Chap war 1 1% 1% 1% |
Merritt C&S pf A 25s 62 62 62
MesaM Iron_ 6 % % %
1 Mich Bumper__ 1 2% 2% 2% \
2: :I0
Stock and Sales—
Dividend Rat*. Add Oil Hikh. Low. Close.
Mich Gaa A Oil... 3 8% 8 8%
Mich Sugar_ 2 1 11
Mid Sta Pet (A).. 2 4% 4* 4%
Midwest OlHtl). 1 9% 9% 9%
Minn MAM b40c_. 25s 39** 39% 39%
Molybdenum _ 10 91* 9% 9%
Monarch MT(fl) 1 23% 23% 23%
Mont Ward A<7)_ 10s 137% 137% 137%
Mount C(a21c) _ 3 12% 12% 12%
Mount Prod(60c) 3 6% 6% 6%
Murray (Oh) b30c. 1 21 21 21
Nat Auto (bl) 1 30% 30% 30%
Nat Bellas Hesa.. 3 2 1% 2
Nat BdASh baOc„ 50s 55 55 55
Natl City Line* _ 1 15% 15% 15%
Nat Pont (b50e)... 4 12% 12% 12%
Nat Fuel Gas (1) l 15V* 15% 15%
Nat PAL pf («>__ 100* 66% 66% 66%
NitRubMelllc.. 2 14 14 14
Nat Trans b45c2 10% 10% 10%
New ilav Cl 1 % .. 2 20 19% 20
N Y A Hond bTac. 50s 28% 28** 28%
NTTel pf 1414). 75a 111% 111% 111%
N Y Water Sv pf _ 40s 34 34 34
Niag Hud Pw(n). 7 11% 11 11
Niag HP 1st pf a 25s 86 86 86
Niag H P(A)war. 10 A % A
NiagSMdBaSUc 1 12 12 12
Niles-Bem-P (bl) 12 54% 60% 52%
Nipissing (50c) 1 2% 2% 2%
Noma El (b40c) 2 6% 6% 6%
North Am L&P-. 2 3% 3% 3%
Northn Euro Oil. 1 A A A
Northern P I. 7ae 1 10% 10% 10%
<>nio nr ( H > n.t.ic on* hi*4 hi*, 81*,
Ohio Oil cu pf<«) 1 109 109 109
Ohio Pwr pf (6)_. 110* 1084 108 108*,
Okla Nat Gas pf._ 50* 28*, 284 284
Oldetyme Dist_ 1 34 3', 34
Fac.GAKpfl.37Vs 2 27 27 27
PacG&E 1st 14- 2 294 294 294
l’ac I.tg pf («)___ 50* 105 1044 1044
PaoPubSvc _ 2 54 54 54
Pan-Am Air (tl). 1 04 04 04
FantepecOil ... 40 8 7*, 74
rennroad (a25c). 4 3T» 34 34
Pa PAD pf (7) .100* 90 954 90
Pepperell Mfg t6 25* 1204 1204 1204
Phoenii Secur 3 94 9 9
Pioneer Gold 40e. 3 4 34 34
Pitney Bow T40c_ 1 74 74 74
Fitts Forging 1 19*, 19», 19*.
Pitts PI G1 ( b2 4 ) 2 1274 1254 1274
Potrero Sugar . 2 2*, 2*, 2*,
PowdrellAA h.15e 1 91, 94 94 ;
Premier G tl 2c 2 24 24- 24
Producers Corp . 5 4 4 *,
Prosperity Bal 4. 1 134 134 134
Prud't'l Inv a50c. 1 11 11 11
Fug Sd TA1 JS pf. 75* 34 334 334
Pyrene Mfg b20c. 3 11 10*, 11
Raytheon Mf vie. 1 54 54 54
Reed Roll B t80c. 5 34 334 33*,
Reiter Foster _ 3 1 1 1
Reybarn (blOc)_. 1 5 5 5
Reynolds Inv est.. 3 14 1', 114
Root Pet (b25c).. 1 54 5-4 54
Rossia Inti Corp 1 Ir Ir li
Royal Typw bl 4 50* 101 101 101
Ryan Consol . . 4 0 54 «
Safety CPA I, b4_ 25* 128', 1284 1284
St Regis Paper __ 10 gi, 84 g*,
Samson United _ 1 5*, 54 s*4
Scovill Mfg (bl) 2 424 424 424
Scrant S B W pf 25* 37 37 37
Segal l.ock A H.. 8 24 24 24
Seizerling Rub._. 4 74 74 74 :
Selected Indus... 2 2*, 24 24
Set In alt ct.f 5 4 100* 1034 1034 1034
Sel In pr pf(54). 100* 1014 1014 1014
Seversky Air_ 7 4 4 4
Shattuck Den .. 2 18', I84 184
Shawin WAP 80c 1 27 27 27
Sher-YVIll (t4) .. 100* 1254 125', 1254
Sher-W'ill (Can). 25* 24 24 24
Simmons HAT.. 4 3*, 34 34
Sonotone (alOc).. 0 1», 1*, ]*,
So Pa Oil (Tl 4 ) - 2 444 44 444
So Cal Eptpf 14 100* 374 374 374
So Cal Ed pf B 1 4 2 274 274' 274
So Colo Pw pf 4 10* 72 72 72
Spencer C S b75c. 3 94 9', 94
Stand Cap tl.Rft _ 2 20*, 20*, 20*,
Stand C S pf 1.SO. 1 22*, 22*, 22*,
Stand Dredging.. 1 44 44 44
Stand Oil Ky tl ,. 2 194 194 194
Stand Oil Ohio Tl. 1 384 384 384
Stand Pwr A Lt__ 5 2", 24 24 1
Stand PAL pf .100* 38 3fi 38 '
Stand S A L (4c). 8 j, J J,
Starred Corp vtc. 3 54 54 54
Sterchi Bro a30c_ 1 94 94 91,
Sterl Alum b35c_ 19 9 9
Sterl Brew a75c . 1 84 84 84
Sterling Inc T20c. 3 5 5 5
Stroock A Co(2) _. 1 23 23 23
Stntz Motor 2 *, *, *,
Sullivan Machine 1 204 204 20',
Sun Ray Dr tSOe. 2 18 18 18
Sunray Oil (b5c). 3 44 4 44
Sunshine Mind) 5 194 194 194
Superior Port C B 150* 17V, 17V, 17V,1
laggariLorp ... 2 114 104 10!»
Tastyeast Det A_. 11 l [
Taylor Dist 30c . 2 34 34 34
Technicolor aide 10 284 284 284
Tech Hughes t4?c 21 54 5 5 j
Tex F*L pf (7) . 30, 1044 1044 1044 1
Texon OilAL 6(>c. 3 6 54 6
Thew Shov ajlir 25, 604 604 6O4
Tnh Trod Kxp 15c 1 34 34 34
Trans-Lux t20c . 7 44 44 44
Transwest Oil Co 8 124 124 124
Tri-Conti C war_ 10 14 14 14
TublxeChatil_ 1 244 244 244
Tung-Sol Lamp.. 2 64 64 64
Unexcelled Mfg._ 12 2 2
Utd Air war_ 1 194 194 194
UtdCorpwar_ 7 1 1 1
UnitGasCorp_ 12 94 9', 94
Unit Gas war_ 6 24 24 24
Unit Gas pf b3VJ. 2 1114 1114 1114 i
Unit L & Pw pf A 5 54 54 54 '
UtP*Lpfb374c 2 40 40 40 I
Utd Shoe Mt24 50s 884 884 884
Utd Milk Prod(2) 25s 25 25 25
Utd S Mch pf 1.50 60s 3Hf, 38 38
Unit Prof S hi Oc 2 14 14 14!
U S Foil B (1)_ 2 14 134 14
US Lines pf _ 9 34 34 34
1'nt Ver Kx (hi). 2 34 34 34
Unit Wall Paper. 4 4 34 34
Univ Corp vtc ... 1 5 5 5
l'nivlnaur (1) 50s 194 194 194
UlahT’&LpfST 4c 50s 61 61 61
Util & Indus pf_ 1 3 3 3
Valsparvtc. .. 2 7 7 7
Van Xnr Ma h80c 2 26 4 264 264
Venezuela Pet_ 2 2 14 2
Walker Mining . 3 24 24 24
Wayne Knit Mills 2 74 74 74
Weisbaum BB 40c I 84 84 84
Wentworth bloc. 2 54 54 54
Weyenhurg h20c. 1 134 134 134
Wolverine PC _ 1 44 44 44
Wolvr Tube b20c. 1 14', 14', 144
Woodley Pet TlOc 2 84 8', S', !
Wright Harg + 40c 10 64 64 64,
Yukon Gold (b6c) 4 3 24 24 '
Dividend rates in dollars based on last
Puartly or semi-annual payment 'An
nual rate—not including extras. JAc
cumulated dividends 1 Paid last year
0 Paid this year, d Companies reported as
being In bankruptcy or in receivership, or
being reorganized under the bankruptcy
get. or securities assumed by such com
panies.
AUTO SHIPMENTS
HOLD ABOVE 1936
May Volume 11 Per Cent Ahead
Despite Drop From
April Level.
By the Associated Press.
NEW YORK, June 8.—Factory
ehipments by automobile manufac
turers in the United 8tates and Can
ada totaled 535.000 units in May, the
Automobile Manufacturers’ Association
estimated.
This was 3 per cent under the pre
vious month, but 11 per cent above
the volume for the same month last
year.
On the basis of this estimate, the
industry's shipments during the first
five months of this year amounted to
3,390,034 units—an increase of 12 per
cent over the corresponding period
of 1936.
The association's report covers all
major domestic manufacturers except
Ford.
U. S. ZINC PRODUCTION
GAINS DURING MAY
By the Associated Press.
NTW YORK, June 8 — Domestic
Bine production in May totaled 55,012
tons compared with 52,00# in April
and 44,833 in May, 1936, the American
Bureau of Metal Statistic* reported
today. Domestic shipments amounted
to 55,201 tons against 56,2QP in April
and 43,905 a year ago.
$957,688 Balance Com
pares With $443,222 in
Four Months of 1936.
Bs the Associated Press.
NEW YORK. June 8.—New Eng
land Power Association today re
ported for the first four months of
1937, a balance of $957,888 after
charges, but before Federal surtax,
equal to $1.02 a common share. This
compared with $443,222, or 47 cents
a share, in the like 1936 period.
The company, a holding unit of
International Hydro-Electric System,
has properties in Massachusetts, Ver
mont and Rhode Island.
F. D. Comerford, chairman, said
floods resulted in loss of revenue to
subsidiaries, which with increased
operating and maintenance expenses
reduced net about $250,000. Bank
loans, incurred to retire previous in
debtedness, were cut $500,000 to
$1,750,000 since the year-end, he
said.
Eastern Steamships.
Eastern Steamship Lines. Inc., re
ported for the four months ended
April 30, loss of $488,253, after charges
and ordinary taxes. This compared
with loss of $312,584 in the like period
of 1936. The company runs ships
along the Northeaat Atlantic Coast.
Zenith Radio Corp.
Zenith Radio Corp., Chicago, re
ported for the year ended April 30,
consolidated net income of $1,904,074,
equal to $3 86 a capital share. This
compared with $1,212,752, or $2.46
a share, in the preceding fiscal year.
E. F McDonald, jr., president, said
directors had decided a substantial
part of earnings should be retained
for expansion.
Universal Pictures.
Universal Pictures Co, Inc, and
subsidiaries reported for the 13 weeks
ended May 1. the second quarter of its
fiscal year, consolidated net loss of
$105 069 against, net loss of $403,966 in
preceding quarter and net loss of $404.
752 in corresponding period last year,
*
Washington Exchange
SALES.
Capital Traction 5s—$1,000 at 88.
Washington Rwy. U Elec, pfd —10 at
110',, 10 at 110‘4, 4 at 11014, 9 at
110>4. 10 at 1101«
Real Estate Mtge. * Guar pfd,—100 at
5'», 100 at 514, 60 at 51,.
AFTER CALL.
Capital Transit Co —10 at 11, 70 at 11
100 at 11.
Capital Traction 5,v— $1,000 at 88
Washington Rwy. & Elec pfd—15 at
110‘«.
Bid and Asked Prices.
STOCKS.
PUBLIC UTILITY
Amrr Tel. 4 Tel. 4',« jnc>, A,kw!
Anscosti* At Pot. 5* tn 73
'» 88
»l
'1 103 "
'4 106*4
MISCELLANEOUS
STOCKS.
PUBLIC UTILITY.
Amer. Tel At Tel 19) j AS
Capital Transit Co 10', uu,
N At W. Steamboat (A' _ ion
Pot Elec Pow 17 pf iai no', ii" '
Po Ei. Po 5';'. pf. i5 50) lio ii-i
Wash. Gas Li Co Cl.AO) TS 70
Wash. Ry. At E! fnm (.16) Too
Wash. Ry * El pfd 151 f 10 110'<i
BANK AND TRUST COMPANIES
Amer. Sec A Tr Co iek) 290 .105
Bank of Be’hesda <h 15) 14
Capital '4' 140
com. A- Savinas (10)
Ubertv '4' 150 I AO *
Lincoln <fA25' 200
Nall Sav A- Trust 1A0
Pr. r.eoraes Bk At Tr. (.50) 17 •»! '
Riaas (eS> . 370 305
Rtaas nfd (S' loi
Washlntton iA' 110
Wash. Loan A Tr. leSi " 290 300
EIRE INSURANCE
American ' A1 _ 110
Corcoran '5' .. 190 21.5
Firemen s (J SO) _ _ _ 2A
National Union (.AO) 10
TITLE INSURANCE
Columbia (.30) _ _ 12 15'i
Real Estate 1 rt) 170
MISCELLANEOUS
Camel Corn. (2.00) 20 25
Lanston Monotype t + 4) 90 99
Lincoln Serv. com (tl.OO) • 15 ] 7 > i
Lincoln Service pfd. (3.60) *47', 50'4
Meraenthaler Lino. 12.00) *454, 47'i
Peonies Dr. S', com. (tl.OO) *49 54
Peoples Dr. St nfd (A.50) *110',
Real Est. M.AG pf. (**.70) 5'-, A'i
Security Storaae • 5) 115 1"5
Ter Ref. A- Wh. Cnrp (.1) A5
Wdwd. A Loth, eom (11.50) HO1, AS
Wdwd. At Loth. pfd. (7) . .. 115 _
•ex. dividend,
tPlus extras,
e—2", extra
f—1'/i% extra,
h—75c extra.
**25e paid June 30. 1M3A: 45c paid De
cember 22. 1930.
INVESTING COMPANIES
NEW YORK June R f.4>,._New York
Security Dealers' Association:
(Noon quotations.'
. . _. , , _ Bid. Asked.
Admin Fd 2nd Inc __ 18.22 IB.38
Am Business Shrs _ 1.18 1 31
Am Gen Eq Inc . _ ] .Of) 121
Am Ins Stocks _ _ 6.25 fi no
Bancamer Blair _ 8.825 0 825
Bankers' Nat Inv Corp 3.825 4.25
Basic Industry 5.1 n
Broad St Inv ... _ 34 88 37 07
Bullock Fund _ 21 125 22 875
Corporate Trust . _ 2.97 _
Corporate Trust AA_ 2 81
Corp Tr A A mod _ 3 82 ~Z~ '
Coip Tr Accum Ser_ 2 81 ~
Corp Tr Acc Mod _ 3 R2
Cumulative Tr Sh _ fi 38
Depos Bk 8h N Y "A". 2 33 “
Depos Ins 8hrs "A" _ 3.3R
Depos Ins Shrs "B ’_ 3 18
Diversified Tr C_ 6.00
Dividend Shrs _ 1.91 2 06"
Equity Corp *3 pf_ 38.26 41.25
Fidelity Fund Inc _ 27.00 28 08
First Boston Corp _2R.R25 30.125
Fixed Trust Sh A_13 11
Fixed Trust Sh B_10. RR
Found Tr Sh A _ 4.89 5.15'
Fund Investors Inc_ 23.72 25 05
5iin3 If Ahrs A -- 8 20 6.88
Fund Tr Shrs B _ 5.R8
Gen Investors Tr _ _ fi 81 7 40'
Group Sec Agriculture_ 1.95 2 11
Group Sec Automobile . 1 42 1 54
Group Sec Building __2 OR 003
Group Sec Chemical _ 1.58 J]72
Groun Sec Food _ .98 1.05
Group Sec Invest Shrs_ 1.58 1 70
Group Sec Merchandise_ 1 34 1 4R
Group Sec Mining _ 1.71 1 55
Group Sec Petroleum_ 1.47 i rr
Group Sec R R Equip_ 1.62 1 fit
Group Sec Steel _ 1 04 o 10
Group Sec Tobacco_ 10« i i«
Huron Holding - .68 108
Incorp Investors _ 24.83 26 70
Instl Sec. Bank Group_ 1.72 1 85
Instl Sec: Insurance _ 1.69 1 71
Investors Fd "C” Inc __ 15.55 16 .41
Keyston Cust Fund B 3.. 21 23 23 °3
Major Shrs Corp_ 3 125
Maryland Fund - 9.44 10.34'
Mass Invest Tr_ 27 77 °9 46
Mutual Invest _ 15 79 no«
Nation Wide Sec _ 4.35 4 45
Nation Wide Voting_ 2 00 » 1 fi
Nall Investors . 71- 7 3",
2e^L. 18.50 ib:»o
N Y Bk Tr Shrs _ 3.50
N Y Stocks. Bk Stocks_ 11.17 12 06'
N Y Stocks Bldg Supply __ 11.69 12 62 •
N Y Stocks Elec Equip _ 12 25 13 03
N Y Stocks Insurance __ 10.24 1106
N Y Stocks Machinery ..12.98 14 01
S Z t,.oc£s R R Equip ... 14.41 15 55
N Y Stocks 8teel __ 14.29 15 42
North Am Bond Tr etfs.- 68.75 63 00
Nor Am Tr Shares _ 2.74
Nor Am Tr Sh 1955 _ 3.49
Nor Am Tr Sh 1956_ 3.43
Nor Am Tr 8t 1968_ 3.23 " "
Plymouth Fund Inc _ .86 ' 97
Quarterly Income Sh_17.68 19.35
Selected Am Sh Inc_14.43 15.73
Spencer Trask Fund_ 20.70 21.79
Stand Am Tr Bhra- 4.10 4.35
Stand Util Ine . _ .75 .81
Super of Am Tr A_ 4.02 _
Super of Am Tr AA_ 2.69 _
Super of Am Tr B_ 4.16 _
8uper of Am Tr BB_ 2.69 _
Super of Am Tr C_ 7.78 _
Super of Am Tr D_ 7.78 . __
Supervised Shrs ..._14.13 15.3S
Trustee Stand Inv 0 — 3.06 ...
Trustee Stand Inv D . §.01
Trusteed Am Bk "B” _^ 8* .98
Trusteed Industry Shrs ..*1.46 1.60
Wellington Fund_18.95 20.78
Short Interest on the New York Stock
Exchange at the End of Each Month
|
I^shaies0 Short York Stock EKlmiy tHlo faj >f Enb M«»Hi thousand I
SHAMS a
4nnnr-r-i ... ■ ...—______ I
Baltimore Markets
8peel»i Dispatch to Th« Star.
BALTIMORE, Md.. June 8 — Pota
toes, old, 100-pound sack, 1.50a2.00:
new, barrel, 1.50*3.00; 100-pound
sack, 1.50*1.75: sweet potatoes, bushel.
100al.50; yams, bushel, 75al.00; as
paragus. crate, 1.00a3.25; beans,
bushel, 75a2.00, beets, crate, 75al.OO;
dozen bunches. 40a50; nearby, bunch,
4a5; cabbage, pointed type, hamper,
30a50; carrots, crate. 5 50; cauliflower,
crate, 1.25*1.50; celery, crate, 1.50a
3.50; corn, crate, 2.50; cucumbers,
bushel. 1.50*3 00: eggplants, bushel,
1.00al.50: lettuce, Western iceberg,
crate. 2.25*4.00; nearby. Big Boston,
bushel. 15a25; Iceberg, bushel, 35a50;
lima beans, bushel, 2.25*2.75; mush
rooms. four-quart basket, 50a 1.00;
onions, 50-pound sack. 65*1.25; peas,
bushel, 50*2.15; peppers, bushel, 2.25*
3 00; crate, 2.25*3.75; spinach, near
by. bushel. 75al.00: squash bushel,
1 00*1.25; tomatoes, lug. 1 00*2.15; ap
ples. box, 2 50*2 65. blackberries, crate.
150; cantaloupes, crate, 2 25*5.50;
grapefruit, box. 2.25*3.25: oranges,
box. 2.50*475; huskleberries. quart,
15a25; peaches, half bushel. 50*1.25;
strawberries, crate, 1.75*4.00; water
melons, each. 55*65.
inir; nariru.
Live poultry — Broilers. Rocks,
pound. 22*24; mixed colors. 22a23;
Leghorns. 15*19; fowl, Rocks. 19;
mixed colors. 17a 18; Leghorns. 14a 16;
roosters. 10*12: ducks. 12al4.
Eggs—Current receipts, dosen. 19;
hennery whites, large. 21; medium, 19m
20: receipts. 820 case*.
Butter—Print*, pound. 34a35; good
to fancy, creamery, 32Iia33t-]: pack
ing stock, 18: rolls. 20; receipts, 786
tube.
Sea Fm4 Market.
Catfish, pound. 3*5; dressed. 7s8;
rarp. 2a3; eels, 8al0: haddock. 8al0;
herring. 3a4; mackerel, 6*8: rock. 10a
12: white perch. 5*8; yellow, 8*10;
trout. 5*6; blueflsh, 8a 10; flounders,
10al2; croakers. 4a5: spots, 4*5; hard
heads, 4*5: butterflsh, 5*6: soft crabs,
dozen. 60*1.25; hard crabs, barrel,
3.50*4.50; crab meat, pound. 25*45;
shrimp, 15*18; clams, large, per 100,
90; Cherrystones. 60a65: Little Necks,
50*55; frogs, each, 15a25.
Tobacco Market.
Quotations on old stock—Maryland
firm leaf, nondescript, 3a4: common,
4*10: medium, 10a30; good to fine,
red. 30*40; seconds, common, 3*7;
medium, good to fine, 15*35.
Live Stork Market.
Cattle—125; rowa steady; mostly low
cutter and cutter grades at 4.50a6.2S;
plain and medium quoted 6.50*7.25;
few just good grade, 7.50; bulls tend
ing weak to lower, with sizable num
ber held over from Monday.
Calves—75; vealers steady; good
grades mainly 900a9 50; plain and
medium grades, 6.50a8.75; culls down
toward 5.00.
Hogs—300; generally 10 cents lower
than Monday's levels; good and choice
170 to 210 pounds, 11.65a 11.80: top.
11.80; 220 to 250 pounds and 140 to
160 pounds, 11.15*11.40; 260 to 300
pounds quoted 10.65*11.15 and over
300 pound weights from 10.15*10.40;
120 to 140 pounds. 10.50*10.75; good
grade packing sows. 940*9.90; stags
quoted from 9.00 down; hogs from
doubtful areas not represented In
above prices.
Sheep—150; not enough done on
Spring lambs up until nearly noon
time to make market test; Monday's
bulk sales good and choice ewes and
wethers, I2.50al3.50; odd head fat
slaughter ewes steady, from 4.00 down
ward.
(•rain mantel.
Opening prices were: Wheat—No.
2 red Winter, garlicky, spot, domestic,
1.37. Settling prices were: No. 2 red
Winter, garlicky, spot, domestic, 1.37.
Corn—No. 2 yellow, domestic, 1.23.
Western billing at a premium over this
price, cob corn nominal. Oats—No. 2
white, domestic, 63,73; No. 3, 62a72,
with the exception of grain on track
there is an additional charge of 1 */a
cents per bushel for storage and ele
vation. Rye—No. 2, 1.25al.30. Bar
ley. 91a96.
Hay market holds steady to firm
under a good demand for timothy and
clover mixed at 17.00a22.00 per ton,
but it takes well-graded No. 1 stock to
bring the price. Poorer grades hard
to sell and market irregular on all
grades below No. 3 stock.
-•
SHORT-TERM SECURITIES.
(Reported by Chas. D. Barney & Col
Bid. Otter.
Am. Tel. * Tel. 5%s 1943. 113% 114
Auburn Auto 4%s 1939 70 76%
Baldwin Loc. Wks. fis 1940 lOfi
California Packing fis 1940 lOfi 10S%
Caro., Cl’field Sc O. fia 1938 103% 103’,.
Cheia. & Ohio Ry. fia 1939 107% 107%
Edit. El. nium. 4s 1939 104% 100%
Oen. Pub. Service 6%s 1939 101 102%
O. Rapids Sc Ind. 4%s 1941 108% 109%
Houston Oil 5%s 1940 . 102 102%
Inti. Mer. Marine fis 1941 08 7fi
Inti. T. Sc T. 4%* 1939 83% 84
Laclede Oas Light fis 1939 91% 93%
Lehigh Valley Coal As 1938 9ft 9ft %
Lehigh V. Ter. Ry. fis 1941 107 108V,
Long Island Oen. 4s 1938 102% 103%
louts. Sc Nashville is 1940 106% 100%
Michigan Central 4s 1940. 104% 10AV,
Midland of N J. fis 1940 . SI A2%
Mllw. Sc North. 4%s 1939 . 90
N.Y.. c ast. L. 0% nts. ’38 100 100%
New York Dock As 1938 _ 57% fi9%
N. Y.. Busq. * W. fis 1940. 84%
N. Y. Tel. Co. 4%s 1939 107 107%
Pacific of Missouri 4s 1938 99%
Penn-Dixle Cement 0s 1941 99% 100%
Penna. R. R. Co. 4s 1943 107% 113
Rio Orande West. 4s 1939 71V. 73%
South. Bell T.&T. fis 1941 106V. 105%
T. R.R. As. 8t. L. 4%s 1939 100% 107%
Vanadium Corp. 6s 1941 . 102 Vs 102%
Vertlentes Sugar 7s 1942 24 24%
Wabash Rwy. Co. fis 1939 92% 93
Warner Bros. 8s 1939 94 % 96%
West. N. Y. & Pa. 4s 1943 107% 108%
Western Union Tel. 5 1938 101% 102
MONEY MARKET.
NEW YORK. June 8 -VP>.—Call money
steady: 1 per cent all day; prime commer
cial paper. 1 per cent: time loans steady:
80-90 days. IV,: 4-6 months .1% per cent;
bankers’ accentances unchanged: redis
count rate, New York nuerve Bank, 1%
per cent, ^
GENERAL MOTORS
SALES DECREASE
May Total at 178,521,
Against 198,146 for
Previous Month.
B» the Associated Press.
NEW YORK, June 8.—Oeneral Mo
tor* Corp. announced today sales of
its products to domestic consumers in
May dropped to 178,521 units from
198,148 In April and compared with
194,828 In May last year.
Sales to domestic consumers for the
first five months were 717,380 units,
against 774,695 for the like period of
last year.
In motor circles here it was said
the decline in salea from April re
flected partly a seasonal decrease in
demand for cars and partly the effect
of unauthorised strikes which shut
down various plants at times during
May.
May sales to dealers in the United
States totaled 180.085 units, against
199.532 in April and 197.119 in May,
1936. For the five-month period sales
amounted to 718.798. against 792.128
last year.
Total May sales, including overseas
shipments, numbered 218,654 units,
compared with 238,377 in April and
222,803 in May a year ago. Five
months' total aales were 894,231 units,
against 952,237 in 1936.
-•
PROFIT IS EXPECTED
BY PITTSBURGH STEEL
By the Auocleied Pres*.
NEW YORK, June 8.—Henry Roe
mer, president of Pittsburgh Steel
Co , in a letter to stockholders stated
the company expected to close the
current fiscal year June 30 with a
net profit after five years of heavy
losses. The letter also discussed the
plan of capital readjustment, which
will be voted upon June 15.
400 TONS OF LEAD SOLD.
NEW YORK, June 8 i>Pi.—fit. Joseph
Lead Co. reports 400 tons of pig
lead from Southeast Missouri mines
sold yesterday at 85.85 per hundred
pounds Bt. Louis.
Property Management
3 _A*
NJOY the relief from worry
u ing with details of manage
ment of your apartment house
and residence properties by
placing them in charge of our
Property Management Depart
ment.
j Nominal fee for qualified
service.
B. F. SAUL CO.
925 15th St. Nat’l 2100
Mortgage Loans
—■.
LARGE INCREASE SEEN
IN TRANSIT REVENUES
Special Dispatch to The Star.
NEW YORK, June 8.—Revenue* for
the transit industry for the week
ended May 29, 1937. based on tele
graphic reports received from a repre
sentative group of transit operating
companies, showed a substantial in
crease over last year. Transit Jour
nals revenue indicator stands at
107.80, which represents a gain of 7.80
per cent over the corresponding week
in 1936.
For the week ended May 22. 1937,
the indicator was 103.73.
Improvement in transit revenues
was considerably greater for the latest
week than for the week which pre
ceded it. The gains reported were
general for the whole country and for
cities of all sizes.
-•
EXECUTIVES STUDY ART.
BOSTON, June k (/Pi.—Boston de
partment stores have turned to the
Museum of Fine Arts for aid in apply
ing basic principles of art to their
choice of homefurnishings and wear
ing This week 207 executives and
salespeople of nine leading department
stores will receive graduation certifi
cates for completing a four-month
course in basic art principles at the
museum.
REAL ESTATE LOANS
RESIDENCE in*
^ /O SMALL BUSINESS
V PROPERTIES.
FRED T. NESBIT
1010 TERMOWT m DISTRICT 0301
RAIL EQUIPMENT:
Rising Freight Loadings
Direct Attention to
Car Orders.
By the Associated Press.
NKW YORK, Junff Advannng
freight carloadings have rmre more
focused attention nn estimates of
rolling stock shortages.
In the week ended May 29. carload
ings rose 2 per cent to 794.855. a new
1937 high and 22.9 per cent above
the like week last year.
During depression years railroad*
rocked along with aging freight car
equipment. Many roads, already
heavily burdened with large funded
debts, were unwilling to go into the
market for new funds.
At the same time shrinking freight
shipments chopped sharply into rev
enues and thus provided another bar
rier to spending for rolling stock.
Even after the depression faded and
revenues swelled, rail systems seemed
determined to squeeze the last ounce
of use out of old cars. Engineers fop
some railroads requisitioned new cars,
but the financial men still held purse
strings tight.
how much the situation has im*
proved this year is illustrated by sta
tistics of Railway Age. In May 3.903
freight cars were ordered, bringing
the 1937 total to 44.563. or about
double the total for the same period
last year.
Industrial momentum and the out
look for good crops should give freight
loadings a good boost next Fall,
Guesses in some circles are that when
the Fall seasonal peak is reached In
late September or early October the
total may run as high as 900.000 cars
; a week or more. This would compare
with last year s Fall top of 826,155 in
; the week ended October 17.
Should loadings expand the esti
mated amount, analysts say. the short
age of freight cars would reach about
I 100,000 by the Fall peak.
HOLDERS INCREASE.
NEW YORK, June 8 —Common
stockholders of Continental Can Co
aggregated 32,751 on June 2, th*
largest number in the company's his
tory. The average holding was 87 1
shares. At the beginning of 1923 the
list of stockholders totaled less than
1,000 names.
m m Real Estate Loans
A ^’/ryJ/f\ Residential
Ui / Ct /U Business Properties
* 10 Yrs.
Wm. H. Saunders & Co., Inc.
1519 K St. Dist. 1015
Loan Correspondent
Provident Mutual Life Ins. Co
OFFICE FURNITURE
WE SELL, BUY OR EXCHANGE
D«*ks Steel F-Jes
Tables Steel Cabinets
Chairs Safes
BAUM’S FURNITURE HOUSE
1410 Eye Si. N.W. Phone SA. 2104
[questions that are asked about banking J
YES, Federal and state examiner* investi
gate loans—and in a very thorough man
ner. They frequently spend a* much time—
if not more—on loans than in examining any
other phase of banking. Since loans constitute
a major investment for bank funds the ex
aminers carefully scrutinise the loan file.
Many questions are asked and much de
tailed information about the borrowers is
scrutinised. On business loans up-to-date
financial statements—usually over a period
of years—are required, showing such things
as earnings, inventory, debts, management,
etc. Recommendations are then made directly
to the Board of Directors of the Sank.
These examinations constitute a real pro
tection to the money of depositors against
undue risks. In fact, the primary purpose of
these examinations is to assure depositors
their money is properly safeguarded.
Mcl^achlen Banking Corporation
Since 1891
TENTH AND G STREETS, N. V.
S.W. Branch, 12th and Maryland Ave. S.W.
Member Federal Reserve Insurance Corporation
REAL ESTATE LOANS
On Improved property in D. C. and Arlington County, Fa.
. RELIABLE • SOUND
omcEBi ——————
WM. A. HETTINGBB,
PRESIDENT
CHABLES EATTELMANN,
VICE PRESIDENT
WILFRED H. BLAN1
SECRETARY
GUT M. NEELT,
TREASURER
NO COMMISSIONS
RENEWALS UNNECESSARY
^Applications invited for LOANS
on improved real estate in Washing
ton and Arlington County, Virginia.
Rates and terms commensurate with
security offered. Before you re
finance, build or remodel—See us.
The American has been helping the
people of Washington to acquire
homes for the past 63 years.
Atttfriratt Suil&uuj Aaaonatiim
300 Pennsylvania Ave. S. E.
ASSETS OVER $9,700,000_
nuraoNa
U. MMl
— *
undeb v. s. oori
8UPKBVIBI0N

Evening star. [volume], June 08, 1937, Page A-19, Image 19
About Evening star. [volume] (Washington, D.C.) 1854-1972

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Evening star. [volume], June 08, 1937, Page A-19, Image 19 About Evening star. [volume] (Washington, D.C.) 1854-1972

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Evening star. [volume], June 08, 1937, Page A-19, Image 19
About Evening star. [volume] (Washington, D.C.) 1854-1972