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Evening star. [volume] (Washington, D.C.) 1854-1972, June 03, 1938, Image 19

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' CURB LIST DRIFTS
TO LOWER LEVELS
Industrial Specialties Lead
General Drop Under
Light Pressure.
^Br the Associated Press.
NEW YORK. June 3 —Curb stocks
leaned toward another decline in the
late trading today as industrial spe
cialties yielded to moderate pressure.
Oils and scattered utilities stood up
better than the rest, some holding
small gains.
Down fractions to a point or more
In the final hour were Aluminum Co.,
New Jersey Zinz, Pittsburgh Plate
Glass, Pennroad and Electric Bond &
Share.
■v
CURB BONDS
r _
DOMESTIC BONDS.
t High. Low. Noon.
Ala Power 5s 68 87 87 87
Am GAE os 2028 _ 108 108 108
Ark-La Gas 4s 51 ... 100% 100% 100%
...As El Ind 4%s 83— 37% 37% 37%
' As G A E 4%s 40 26 25% 26
As G A E 5s 68 _ 27 26% 26%
As G A E 5%s i c_ 90 90 90
As G A E 5*25 77_ 30 36 36
Alan City El 3%5 64_100 100 100
At I Gas Lt 41 as 55 97% 117% 97%
Averv & S 5s 47 ww _ 91% ill's 91%
Birin El 4%s «S8 .. 81% 81 = 4 81=4
Cent 11 P S 5s 56 E 102% 102% 102%
Cen UPS 4%s 07 F „ 93% 03% 93%
Cent 111 P S 5s 08 G . lot % 100% 101%
Cent Pw A Lt 5s 56 . 91% 91 91%
Cent St El 5s 48 — 31=4 31% 31%
Cent St El 5%s 54 — 31 % 31% 31%
Chi Rys 5s Hood. 49 48% 49
Cities Svc 5s 50 _ 58 = 4 58% 58%
Cities S Gas 5%s 42--- 99% 99% 99%
Cities S Gs P Os 43... 101% 101% 101%
Clt S P A L 5%s 52... 50 55=4 55=4
Cit S P A L 5%s 49. ... 50 55% 55%
Comw Sb 5 %s 48 A _ 103 103 103
Comun ty PAL 5s 57 70% 70 70%
m Com Pb Sv 5s 00 A . !is% 98% 98%
Cont GAE 5s 58 A . 80% 79 79 = 4
Er.lP OAR 5%s 42 . 84% 84 84
Erie Light 5s 07 105 10.) 10.)
Gatineau Pw 5s 66.. 103% 103% 103%
Gatineau P Os 41 B_110% 110% 110%
Gen Pub Sv 5s 53_ 79 79 79
, Gen Pub Ut 6s 56_ 7 2 72 72
Georgia Pw 5s 67 .. 88% 88% 88%
Georgia P A L 5s 78 . 50 30 50
Houston Gulf 6%s 43 101 101 101
Hygrade Fd 6s 49 A 55 55 55
111 Pwr A Lt Os 53 A . 90 96 90
111 Pw A L 5s 50 C 88 88 88
Indiana Ser 5s 50 . 56 55 55
Indiana Ser 3s 63-A.. 55 55 55
Indnap P A L s 57 A 100 105 = , 105%
Ind Hy-E! 5s 58 A .. 80 80 SO
Inti P Sec 6%s 55 C 52 52 52
Interest Pw 5s 57 46% 45% 40
Ia-N L A P fts 57 A 90 96 90
Jer C P A L 5s 47 B 104% 104% 104%
Jer C P A L 4%s 61 C 1"3% 103% 103%
Kan Pwr 5s 47 A loo loo 100
b-McCord Rad 6s 43 05 65 05
Memph PAL 5s % A HI 91 91
Minn PAL 4%s 7s 93% 9':% 93%
Miss Pw A L 5s 57 84 % 84% 84%
Mo Pub See 5s 60 *>''% 00 06
Mont-Da P 5%s 44 -- 93 93 93
Nat PAL 5s 2030 B 75 75 ,5
Nevad El El 5- 50 77 % 7,% 77%
I New E GAE 5s >; . 51% 51% 51%
New E C-AE 5s 48 .. 50% oO% oO%
New E GAE 5s 50 .. 51% 51% ol%
Nt=v E Pw 5s 4 8 . 80 79% 80
New E Pw 5%s 54 ... 83 83 83
New Orl 4%s 50 std . 90% 90% 9o%
NY PALt 4 1 as "7 ._ 107 % 107% 107 %
No Con U 5%s 48 A . . 42% 42 42
Nr, Ind PS 5s 60 C ... 98’, 98 |)8%
No Ind PS 5f. 69 D... 98% 98 its
Northw P S Os 57 A — 87 8, 8,
Okla N C, 4 % s 51 A ... 10o=, lou% 10o=,
Pac C.AF Os 41 B 115% 115% 115%
Pac P A L 5s 55_ 7o% 70% 70%
Park Lane 3s 64_ 30 30 30
Penn El 4s 71 F — 85% 80% 80%
Penn P Svc 6s 47 C . 103% 103% 103%
Pa Wa A P 4%s 68 B. 107% 107% 107%
Peop GLAC 4s 81 B . 90 90 90
Phila El P 5%s 72_111% 111% 311%
Pled El 6%s 60 A — 55 55 00
Portland GAC 5s 40 ,56 55% on
Potomac E 4%s 61 P. 107% 107% 107%
Pw Cf C 4%s 59 B . 10l=4 101=4 101=4
Pub S N I 4%s 78 D.. 104 104 104
Pub S NX 4%s 80 E _ 104% 104' . 104-2
Pug Fd PAL 5%s 49 ._ 73% 73% 73%
Pue S PAI. 4%s 50 D _ 65% 0.-1% On' ,
Shw WAP 412s 67 A . 104 = 4 104 = 4 104%
Shw WAP 4%s 70 D.. 104% 104% 104%
fou Cal Ed 3=,s 45 . 100% K'6% 106%
ou Cal E 3%s 60 B 108 107% 108
So Co Gas of Cal 4 %s 68 104 1"4 104
Std GAE tis 35mat . 50 50 50
Std G&E cv 6s 35 mat 51 »0 50
Std G A E Os 51 A.. 50 00 50
Std GAE 6s 66 'B . 51 oO% 51
Stand PwALt 6s 57.. 47% 4, 47%
Super of II 4%s 68 1 "5'2 10n% 10.,%
Tenn Pub S 5s 70.. 94 93% 93%
Tex Pw x- L 5s 56 . 102 102 102
Tide Wat P 5s 79 A.. 78 78 78
Toledo Edis 5s 62— 107% 107% 107%
Unit LAR M 6s 52 A... 105% 105% 105%
Utah PAL 4%s 44— 82% 82% 82%
Wald Ast Hotel 5s 54.. IS 18 18
West T Ut 5s 57 A__ 88% 88 88%
Wis- Min LAP 5s 44 . 106 = , 106% 100 = ,
Wis P X- L 4s 06 96% 90% pot.
York Ry 5s 47 Bt_. 80 77% 78
FOREIGN BONDS.
'Cent Bk Ger 6s 51 B 25’, 25% 25%
Danish Con 5%s 55 _ 99 98% 98%
Nippon E P 6%s 53. . 55 55 55
Prussian E! 6s 54 . 22% 22% 22%
Same F A 4s 45 at— 55% 55‘- 55%
Samiae Chile 7 s 49 13’, 13% 13’,
Sand F Ltd 5s 55 A 111 111 111
Stinu 1H1 4s 46 26 st . 46 46 46
b T«rni-Soc 6%s 5.3 A . 55 55 55
F Unit Ind Corn Os 45 . 27 27 27
ww—with warrants, xw—Without war
rant’. n—Nr"-, st istpi—Stamped.
^Negotiability impaired by maturity,
b tCompanies reported In receivership.
INVESTING COMPANIES
NEW YORK June 3 UP).—Investment
Bankers' Conference. Inc.:
(Noon Quotations.!
Bid. Asked.
Admin Fd 2nd Inc _ 9.55 in. 16
Am Bus Shrs mew( _ 2.74 3.62
Am Gen Eq Inc _ 52 50
Am Ins Stocks ......_ 3.75 4.9(1
Bancamer Blair _ 3.50 4.59
Bankers Nat Inv Corp_ 1.43 i .03
Basic Industry ._ 2.66
Boston Fund Iw __12.56 13,44
Broad St Inv _"9.50 21.03
Bullock Fund 19.75 11.875
Continental Sh pf _ 5,59 6.50
Corporate Tiust _ 1.02
* Corporate Trust AA _ 1 88
Corp Tr AA Mod _ 2.20
Corp Tr Accum Ser _ 1 88
Corp Tr Acc Mod _ 2 20
Cumulative Tr Sh _ 3 70
Depos Bk Sh N Y "A’’ _ 1 28
Depos Ins Shrs "A" _ _ 2 0"
Depos Ins Shrs ' B'' _ "41
Diversified Tr C _ 3 90
Dividend Shrs _ ] on i no
Equity Corn 83 pf _ 29.59 23 59
Fidelity Fund Inc_ 15 58 16 77
First Boston Corn . 1575 17 "5
Fiscal Find Bk Sh_ 2.19 "i"
Fiscal Fund Ins " no 3 or
Fixed Trust Sh A I 7 41 5
Fixed Trust Sh B_' 5 84
Foreign Bond Assoc_ r 44 fl on
Founa Tr Sh A 3 35 3 R9
Fund Investors Inc__ 13 49 14 is
Fund Tr Shrs A _ 4 9" 4 A?
Find Tr Shrs B 309 4,3
*>en Capital Corp _ _ _ "o 01 "-o-‘
X3en Investors Tr _ 3 07 'l'"!
Group Sec Agriculture Z" ss q~
Group Sec Automobile no "r
Group Sec Building j on Tin
Group Sec Ctiemical ' _ , os 1A7
Group Sec Food \ '7" an
Group Sec Invest Shrs ~ 55 r.
Group Sec Merchandise . ! '78 'rr
H group Sec Mining l on i ’io
* Group Sec Petroleum ZZ" 01 i on
Group Sec RR Equip '55 1rV
Group Sec Steel - 87 Si
Group Sec Tobacco 9 ,'nn
Huron Holding - ?A 4'2S
Incorp Investors 14 -«•§?
I'’0' ?ank GroupZZZZ 94 1i ot
Instl Sec. Insurance i'is
-Jrwrotors Fd "C” Inc IZZZ 8 13 8 69
•Keystone Custodn B 2 1947 "V "0
Keys one Custodn B 3Z_" 1" 68 iVs?
, dna Custodn K l .ZZZ 12 31 134"
4 Keystone Custodn K *> a oo Aq
Keystone Custodn S i in'os i? o?
Keystone Custodn 6 XV| || lin«
Major Shrs Corp - 1*2, 4 05
Maryland Fund .ZZZ- 4 5 498
Mass Invest Tr- -17 "A ,12“
Mutual Invest -n'AI I2 ?X
Nat on Wide See o ?? S r?
Na ion Wide Voting ZZZ" 105 116
Natl Investors A no A A.!
v*v «Ens.iar>d Find ZZZZ lnio? 1083
w v cloc?fi' Ek Stocks 6 74 7 30
N Y Sin^c' §,lde §',PP1y5.78 Rio?
N Y F Pc E<1utP -- 5.88 6.38
v Insurance _ 7 7° 8 ‘I'v
n y |o°cks: oufhinery- «
gEthAmAWadre?lS"A? " ~
cNor Am Tr Sh 1955 * A SS -
Kor Am Tr Sh 1056 ..ZZ” 2 X6 -
Nor Am Tr Sh 1058 ... * j 99 -
Plymouth Fund Inc . 3V “
Quarterly Income Sh ..." s'no s'sr
Schoellkopf-Hutton & Pom 1 1°5 o'io*
Selected Am Sh Inc 8 06® 8 78®
Selected Income Sh_ZZ 345 * 8
Sovereign Invest _ S7 ' R3"
Spencer Trask Fund_ZZ 12 94 13 6"
Stand Am Tr Shrs_ 165 "95
Stand Util Inc ... 22
Super of Am Tr A_ " 00
Super of Am Tr A A_ 178 -
Super of Am Tr B *> 73 -
Super of Am Tr B B _ 178 -
Super of Am Tr C . " 4 77 -
Super of Am Tr D _ 4 77
Supervised Shrs 793 s
Trustee Stand Inv c. 2 04
Trustee Stand Inv D _ 2.00
Trusteed Am Bk "S'_ .53 * 59'
Trusteed Industry Shrs_ .74 '83
Wellington Fund 11.70 12'9l
T -•
METAL MARKET.
* NEW YORK. June 3 uP).—Copper steady
electrolytic spot 0.00: export. 8.50-65.
Tin steady spot and nearby. 38.75; for
•aroi'38.80 Lead steady: spot. New York.
4 W-1.0.V East St. Louis. 3.85. Zinc steady;
East Bt. Louis, spot and forward. 4.00. Pig
“■.“h aluminum, antiajony quicksilver.
Blatyium and wolframite unchanged.
NEW YORK CURB MARKET
(By private wire direct to The Star.)
Stock and Salea—
Dividend Rate. Add 00. Hieh. Low. Close.
Acme W vtc .625e 26s 19% 19% 19%
Air Invest _ 2 1% 1 1
Alum Co Am 160a 72 71 71
Alum Co pf (6) 60s 96% 96% 96%
Am Centrifugal 4 1% 1% 1%
Am City Fwr & Lt
(A) ww (1.72h. 2 22% 22% 22%
Am CltP&LiB). 6 2% 2% 2%
Am Cyn B .60 11 17% .17 17
Am Gas&El 1.40.. 4 26% 26% 26%
Am G&E pf <6). 100a 109 109 109
Am Gen pf (21 .. 250s 24% 24% 24%
Am Lt & Tr .60e . 2 12% 12% 12%
Am Seal Kap .10e 1 3% 3% 3%
Am Sup Power 2 % % %
Angostura (,10e). 2 3% 3% 3%
Appal El P pf (7) 10s 97% 97% 97%
Arctur Rad Tube. 14 % % %
Ark Nat Gas_ 1 2% 2% 2%
Ark Nat Gaa A... 8 2% 2% 2%
Automat Prod . 11% 1% 1%
Aviation & Trans 1 1% 1% 1%
Babcock & Wil 2 19% 19 19%
Baldwin Lo war.. 2 2% 2% 2%
Bath 1 W <«%f>.. 1 4% 4% 4%
Berk&Gay Furn_. 1 % % %
Berk&Gay war... 2 ft * ft
Blue Ridge _ 11 1 1
Brewst Aero .10e. 28 6% 5% 6
Brill A 1 2% 2% 2%
Brillo Mfg ( 80)_ 18 8 8
Brown F & W_ 15 5 5
BuckevePL 1.25e 50s 33% 33% 33%
BN&EP 1 pfl5)_ 250g 96% 96 96%
CaribSyn... _ 2 1 1 1
Caro P&Lt pf(7). 40s 70% 70% 70%
Cen H G&E (.80) 2 13% 13% 13%
Cen MeP pf 3.50k 10s 74 74 74
Cen St El cv pf n. 50s 5% 5% 5%
Cen St El 6% pf . 100s 5% 5 5%
Chamb MWS .80. 1 5 5 5
Chi Flex Shft(4). 100s 54 54 54
Childs pf .. 25s 27 27 27
Cities Svc(new)., 3 8% 8% 8%
CitServpf_ 4 38% 37% 37%
| Cleve Tract_ 14 4 4
Club A1 Uten_ 13 1% 1% 1%
I Colon Develop__ 1 1% 1% 1%
J Col G&E pf <5>._. 50s 50 50 50
I Colum Oil & Gas. 13 3 3
! Comwltb & So wr 1 % % %
! Comw Pub Sv le 100s 22 22 22
I Con Cop M 12%e 6 3% 3% 3%
! Cons G&E Bo 3.60 2 67 67 67
! C'oop-Bess pr pf 1 14 14 14
j Croft Brewing _ 2 % % %
Dejay Stores 40. 1 3% 3% 3%
| Det Mich Stove . 1 1% 1% 1%
Eagle Pitcher Ld 18 8 8
| BU&F pr pf 4ft. 75s 46 4T> 45
' East Sta Corp .. 2 1% 1% 1%
Easy Wash MB.. 1 2% 2% 2%
El Bond & Sh_ 29 7% 6% 6%
El B&S pf (6)_ 1 50% 50% 60%
El Pow Asso _ 2 2% 2% 2%
El Pow Asso (A). 1 2% 2% 2%
Emp G&F 6% pf. 25s 46% 46% 46%
Esquire Cor .90e. 3 8% 8% 8%
I Fidelio Brew 2 ft ft ft
I FI P&-L 57 pf 88k 300s 384 384 384
j Ford M Can AH) 2 164 164 164
, Ford M Ltd .17e.. 2 44 44 44
i Fox( P)Brew (1). 1 104 104 104
I Froedt cvpf 1.20 50s 15 15 15
I Gatineau P pf(5) 10s 88 4 83 4 834
Gen Out Ad pf (6) 20s 66 66 66
Georg Pow pf < 6) 25s 74 74 74
Gilb AC pf (3 4 ) 20s 364 364 364
Glen Alden 12 4e 1 44 44 44
Goldfield Con . 2 4 4 4
Grand Nat Films 4 4 ft ft
Gt A&P Tea nv 2e 25s 394 394 394
; Gt A&-P 1st Pt<7> 25s 120 120 120
; Grum’n Air Eng.. 1 84 84 84
; Gulf Oil i.50e)__ 1 354 354 354
Hall Lamp _ 12 2 2
Hartf Rayon vtc. 3 14 14 14
Hat Corp Am B_ 2 24 24 24
Hazeltine (3)_ 3 16 16 16
Hecla Mining_ 1 64 64 64
Hewitt Rub (1)_ 17 7 7
Hollinger 65a . 3 14 14 14
Humble Oil(.75e) 6 584 58 584
Hygrade Food 1 14 14 14
HygSylv 1.12%e 50s 18 18 18
Illinois Zinc 50s 84 84 84
Imp Oil Ltd .425e 3 16 154 154
Itn O Ltd rg ,425e 2 16 16 16
Indus Finan pf _ 25s 10 10 10
Ins C N Am (2a). 50s 59 59 69
Inti Pet (14a)._. 1 25 25 25
Int Prod .. 1 34 34 34
Int Ut pr pf 3.50.. 4 234 25 25
Interst H Ea 44 .2 3 3 3
Irving Air Ch (1) 1 84 84 84
Jacobs Co . 7 24 2 2
Jer C P&L pf (6). 10s 69 69 69
Kingston Prod._. 1 14 14 is.
Lake Snore MM) 28 504 494 504
Lakey Fdy&M ,. 3 14 14 14
LehiCoal & Nav.. 8 24 24 24
Leonard Oil . 1 4 4 ‘ 4
Locke StI C 60e.. 150s 104 10 10
Lockheed Aire_ 3 94 94 94
Long Island Lt__ 1 14 14 14
Loudon Pkg_ 4 14 14 14
La Land & Ex .40 1 64 64 64
Lucky Tiger ,02e. 1 ft ft ft
McWllms Dredg. 8 144 14 14
Massey Harris . 2 6 6 6
Mead John (3a) 125s 98 98 98
MemphNG.lOe. 1 34 34 34
Metro Ed pf 16)_25s 85 85 85
Mich Bumper _ 16 4 4 4
Mich Gas & Oil . 10 24 24 24
Mid St Pet A vtc. 3 3 24 3
Mid West Corp .. 4 54 54 54
Molybdenum Stl. 3 44 34 34
Mngrm Pictures. 4 14 14 14
Moody ptc pf(3). 60s 20Vi 204 204
Mount Prod .607 5 5 5
Nat City Lines... 1 74 74 74
Nat Cont -375e... 3 54 64 54
Nat Fuel G (1)-.. 1 134 134 134
Nat P& Lt pf(6) . 400s 56 56 56
Nat Union Rad_ 1 4 4 4
NJZinc(le)_ 200s 48 48 48 *
NY & Hon R .75e 50s 25 25 25
NYC Omnibus wr 19 9 9
NY P&Lt pf <6) 10s 87 87 87
Niag Hudson Pow 8 74 64 64
Niag Hud lst<5). 75s 784 78 784
Niles-Bem <le)__ 2 284 28 28
Nipissing Mines.. 3 14 14 14
Noma Elec 40e_ 3 4 4 4
Nor Am Lt&P_ 5 14 1V« lVi
Nor Europ Oil_ 3 4 H 4
Ohio Brass (B)_25s 20% 20% 20%
Ohio PS pf A<7). 10s 93% 93% 93%
Okla Nat Gas . 4 8% 8% 8%
Okla Nat Gas pf_. 50s 28 28 28
PG&E 1st pf 1.60. 2 30 2914 30
PantepecOil 9 4% 4% 4%
Parkbg R&R 1.60 1 12% 12% 12%
Pennroad .25g . 23 1% 1% 1%
Pa P & Lt pf (7). 100s 87% 87% 87%
Pioneer Gld 40 6 3% 3 3%
Pitney-Bow(.40). 5 6% 6% 6%
Pitts PI G1 50e - 4 63% 63 63
Pleas Vail Wine— 5 % % %
Plough Inc .80 1 6% 6% 6%
Powdrell & Alex. 13 3 3
Premier Gold .12. 1 1% 1% 1%
Pug Sd P $6 pf .. 25s 13% 13% 13%
Rainbow Lum B_. 3 % % %
Red Bank 011 5 6 6 6
Richmond Rad_ 3 1% 1% 1%
Rio Gr V G vtc__ ~ 1 % % vt
Rome Cable ... 1 5% 5^ 5vt
Root Petroleum— 4 1% 1% p*
Rustless 1 & S- 1 6% 6% 6%
St Regis Pap _ 1 2% 2% 2%
Samson United . 2 2 2 2
Scrant SBWS pf. 25s 20 20 20
Seeal Lock 3 ft ft ft
Selfridge G093g). 1 1% p„ js,
Shattuck Denn . 1 6% 5% 6%
Sher Will 1.60e._ 500s 77 76 77
$ilexCo(l) ... 1 914 914 gH
Singer Mfg (6a). 30s 240 236 236
Sonotone .. 2 1% 1% 1%
SoCalEpfCl.37% 1 24% 24% 24%
So Col Pw pf(4). 20s 35 35 35
Stand Oil Ky (1). 1 16% 16% 16%
St Pow & Lt _ 2 % %
Stand Products.. 2 6% 6% 6%
Stand Sllv & Ld.. 5 % Vi %
Stetson (JB)-75s 5% 5% 5%
Sullivan Mach_ 4 7% 7% 7%
Sunray Oil .05e__ 11 2% 2% 2%
Tastyeast A __ 1 % % %
Technicolor ,50e. 8 22% 22 22%
TexonOil.45e_ 4 4% 4% 4%
Tilo Rooting (1)_ 19 9 9
Tob Pro Ex .276g. 2 3 3 3
Transwest Oil 8 4% 4% 4%
Tubize Chat (A). 1 18% 18% 18%
United Aire war. • 2 8% 8% 8%
Utd Cgr Wh Strs. 2 % % %
Unit Gas - 4 3% 3% 3%
Unit Gas war_ 2 % ( % %
Unit Lt & Pow A. 1 2% 2% 2%
UtdLt&Pcvpf. 5 21% 21 21% i
Unit Shlpyds A.. 18 9% 8% 9%
Unit Shipyds B . 17 1 Hi
Unit Shoe M2%a 60s 68% 68 68%
Unit Sh M pf 1 % . 60s 42 42 42
Unit Specialties. 1 2% 2% 2%
U S Lines pf — 11 1 1
Unit Wall Paper. 1 1% l»4 1%
Util Pw& Lt (r)_ 1 ft ft ft
Utility & Ind-«. 1 % % %
Utility &Indpt__|a 4 1H 1% 1%
V>lspar Corp-1 X 1H 1H 1H
Stock and Sales—
Dividend Rate. Add 00. Hindi. Low Close.
Wentworth Mfg- 1 2H 2% 2%
Weyenberg Shoe. 60s 5% 5S 6H
Wilson Jon .25e - 6 7V4 7 7
Wright Harg .40a 67 7V* 714 7«i
Yukon Gold ,04e. 4 Hj H4 Hj
r In bankruptcy or receivership or being
reorganized under the Bankruptcy Act or
securities assumed by such companies
Rates of dividends in the foregoing table
are annual disbursements based on the
last quarterly or semi-annual declarations,
unless otherwise notsd special or extra
dividends are not Included.
a Also extra or extras, e Declared or
paid so far this year, no regular rate,
f Payable in stock. g Paid last year
h Cash or stock k Accumulated dividend
paid or declared this year, ww With war
rants. xw Without warrants, war War
rants.
Washington Exchange
SALES—AFTER CALL.
Riggs Bank, common—10 at 269.
Anacostia & Potomac 5s—$1,000 at 61.
Washington Gas 5s 1960—$1,000 at
117. $500 at 117.
Bid and Asked Prices.
BONDS.
PUBLIC UTILITY
Anacostia As Pot. 5s_ oi? *05^
Ana. & Pot. Guar 5s_ lox
C. &. P. Tel. oi' Va 5s _ lov
Cap Traction R. R. 5s...I fll'.i 67
City As Suburban os 6<i 62Vi
Georgetown Gas 1st 6s.. 113
Pow. 3V«s __ 105*4 107
Wash. Gas os 195k _106 107
^ssh. Gas os 1960 ___ 116
Wash. Rwy. As Elec. 4s. ..... H)7 108‘i
MISCELLANEOUS.
Chevy Chase Club 1st 4'is. 104
Col. Country Club 1st 4Vis. 103 _
STOCKS.
PUBLIC UTILITY.
Amer. Tel. As Tel <9)_ _ l°p*.
i Capital Transit Co. ~x>. "91.
i i?; -Steamboat <5) . I 60 70
Pot. El. Pow. it', Dfd (61 113
Pot. E!. Pw. 51-,-., Pi. ,5 50) 112*,
, Wash. Gas Lt new ,1.20 21 23
1 XasD' Sas PId 50) 07*y 100
! ny AJP1 ,com (*36) 585
| Wash. Ry As El. pfd. (5).. __ llo'i _
BANK AND TRUST COMPANY
Amer, Sec. A Trust Co. ,e8) 24,1 250
Bank Of Bethesda (.75) "5 30
Capital ,4) _ _135 HO
Com. A Savings (elO). 230
Lioerty (6) ~ 150 154
Lincoln ,f5' . . ™ ipa
Nat 1. Sav. a* Tr. 209 220
§!'o*ac,0rJie5 Bk- & Tr- <-60) 17 25
Higgs (e8)_ nR;.
: Riggs pfd. ,5).;;;;;.-.- To"
■ Washington ,6)_, 115
FIRE INSURANCE.
American < 10 > 115
Firemen's (1.20). ' I 2s
National Union (.751 15 ""
TITLE INSURANCE.
Columbia (k.30i 12
Real Estate 'mS) . .17*1” 160 100 ~
MISCELLANEOUS.
1 Carpel Corp (t2.00> _ "1
Lanston Monotype >4) jn 05
1 Ltnc. Serv com. Oil.00) *1S " "i
, Line. Serv. prior pid. 13.50) * _ 50
1 Morgenthaler Lino. 10 20
Peonies Drug St. com 4*1.00) 24 30
! Peoples Dr. S(. old. '0.5m •llo
Real Est. M. & G. pfd (.50) 13« 51
Security Storage (5) ins 124
; Ter. Rei. A Wh. Corp CD 1 ■<, mi
I Wdwd. & Loth. com. (*l.5m 511 jx
| Wdwd. a; Lothrop Pid 17, 114(4
• Ex dividend.
* Plus extras e SO, extra f2'v, ox
Ira n ..>c extia k $14 extra paid No
vember 30. 103 7. k 30c extra, m $3 exira.
—.— 1 9
DIVIDENDS ANNOUNCED
NEW YORK. June 3.—Dividends de
clared; preDared by the Standard Statis
tics Co.:
Reduced.
Pe- Stock of Pay
_ Rate. riod. record, abie.
Pac Tin Crp spec stk 2oc 0-13 0-25
No Action Taken.
Midland Steel Products.
Midland Steel Products $2 non-cumulative
dividend shares.
| Yukon Pacific Mining.
Accumulations.
West Tex Ut $6 pf $1.5(1 Ii-15 7-1
West Tex Ut SO pf 50c __ 6-15 7-1
Increase.
; Mission Corp __ SI 6-10 6-29
Rerular.
Allrs Chalmers Mfg 371 *c _ H-13 6-30
i Atlas Press 10c 6-6 6-14
Beatrice Creamery Co 25c Q 6-14 7-1
I D°. to Pf — $1.25 Q 6-14 7-1
. Chamberlin Metal
Weather Strip __ 20c O 6-10 H-15
Dominion Glass 51.25 Q 6-15 7-"
■Do. 77 Of $1 75 Q 6-15 7-2
Emerson Elec Mfg
„ T5 CI „ $1 75 Q 6-15 7-1
Fanny Farmers Candy
Shops ___ 25c 6-15 7-1
Grant W. T. Co_35c Q 6-14 7-1
Do 5 V cum of . 25c Q 6-14 7-1
Grief Bros Coop'ge A 40c 6-15 7-1
Harding Carpets Ltd 1 oc 6-15 7-7
Kails G A E ~r:, pf $1.75 Q 6-14 7-1
Do. S6 pf $1.50 Q 6-14 7-1
Marion Reserve Pow
$3 pf .51.75 Q 6-15 7-1
Meyer-Blanke Co 3oc 6-4 6-11
Midland Steel Prod
8‘V 1st pf $2 Q 6-1.3 7-1
Niag Wire Wear Ltd She Q 6-17 7-1
Orwirh Pharmacal Co 50c 6-4 6-15
Pacific Ltd $6 pf <1 50 Q 6-30 7-15
Pickle Crow G M Ltd loc 6-15 6-30
Pub Svc Co Nor 111 75c 7-15 s-i
Do $60 par 75c 7-15 $-1
Solar Aircraft 5c 6-3 7-1
Souw Pa Pipe Lines 5<>c 6-15 7-1
Universal Products 15c 6-16 6-30
Am Capital of 25c 6-15 7-1
Am Gas A Elec 35c Q li-K 7-]
Am Gas A Elec pf $1.50 Q 7-$ 8-1
Reliance El A Env 25 6-15 6-25
Rensselaer A Sara R R $4 SA 6-15 7-1
NEW YORK PRODUCE.
NEW YORK. June 3 iP>.—Eggs. 11.933:
steady. Mixed colors, spreial packs. 213«
23 v4; standards. 21'j; firsts. 20V sec
onds. 19'«-20: mediums and dirties. No.
1, 18*4-19: average checks. 18; storage
Packed firsts. 21 U.
Butter. 1,035.339. weak Creamery,
higher than extra. 26-263i: extra (92
score). 25>4-55*4'. firsts (88-91). 22-25:
seconds (84-87). 19'j-21V
Cheese. 94.719. quiet: nrices unchanged.
Dressed poultry, weak. Boxes, fresh:
Chickens, broilers. 18-25: fryers. 20-26
Fowl. 36-42 pounds. J7'*-22V2: 48-54
pounds. 19-24: 60-65 pounds. 19-74; old
15-17. Frozen: Chickens, roasters.
19-3.1 Vg. Fowl unquoted. Old roosters, 15
Live poultry, by freight, firm. Broilers.
Rocks. 2o: Leghorn. 18. Fowl, colored 24;
leghorn. 21. Old roosters. 16
B steady to firm Broilers.
-J--4 mostly 23; crosses. 70-24.
Tl®yjF -1-..4. Reds. 17-71. mostly 19-20:
Leghorn. 16-2n. mostly 18-70. Fowl, col
ored. 25: Leghorn 21-24. mostly 23-24.
Old roosters, lo. Turkeys, hen. 25.
-----
U. S. TREASURY NOTES.
YORK., June 3 (R*\.—Prices Quoted
m dohars and thirty-seconds:
Pci. Month Year. Bid. Askr/Te™
2 « Jhiie. 1938 . 101.27 loi -20
T 2 §.tpt" 1838-101-27 101-20 .II
P/c- 101-20 101-22 _I_
1 2 Mar.. 10.10-101-28 101-30
June, 1 !*;«'»- 102-24 102-20
Sept,. 1030._ 102-0 102-8
P/c . 1030 1(12-8 102-10
}',« Mar., 1040.__ 102-23 102-25 .00
1 2 June, 1040 — 102-23 102-25 .13
1 2 Dec.. 1940- 102-31 103-1 .30
?i2 Mar.. 1941... 102-30 103 .41
IJ* June, 1011... 102-18 102-20 .50
l'« Dec.. 1941... 102-15 102-17 .53
174 Mar.. 1942... 103-24 103-20 .73
2 Sept.. 1042... 105-5 105-7 .77
174 Dec.. 1042_ 104-10 104-12 .77
NEW YORK LIVESTOCK.
NEW YORK. June 3 UP) (State Depart
ment °f Agriculture report of Jersey City
?nd New York livestock markets!.—Cattle.
1.200. including 1.040 direct. No steers
offered. Bulls steady on light supply:
demand active, best sausage bulls. 7.25
50; others. 5.50-7.00. Cows fairly active,
steady on 11-rhi supply; bulk low cutter
and cutter. 5.00-0.25; few shelly kinds
down to 4.50; common and medium fat
cows largely 0.50-7.25.
„ .Vealers and calves. 2.130. Including
~.100 direct. Vealers fully steady on few
heads offered; top. 10.50 for choice
nearbys: few medium. 9.00; common
llg5iweightE- " 00. Calves nominal.
Sheep and lambs. 3,070; all direct. Mar
ket nominal.
Hogs. 1.700; all direct. Market nominal.
BOSTON WOOL MARKET.
BOSTON. June 3 OP! (United States De
partment of Agriculture).—A large portion
01 the current trading in the Boston
wool market was comprised of direct
purchases from producing areas. Twelve
month Texas wools and good French comb
ing length fine territory wools in original
bag were reported costing around 57 to
o9 cents scoured basis delivered to buyers
m the. East. Occasional lots were re
ported slightly below this range. Similar
spot wools were being sold at 60 to 62
cents scoured basis to users with urgent
need in limited Quantities.
—■ - " ..
NEW YORK SUGAR.
NEW YORK. June 3 i/P).—Early losses in
sugar futures today, influenced by reports
indicating there w'as little prospect for any
mmediate change in sugar Quotas, were
partially recovered on week end covering
and commission house buying.
July No. 3. which had eased from 1.84
to 1.81. rallied to 1.82. while September re
covered from 1.85 to 1.87. leaving the list
2 to 3 points net lower around 2 p.m. The
No. 4 was unchanged to Vi point'net higher
as July sold from 94 to 94 Vi and March
from 91 to 95.
White Sewing Machine Corp.—Com
pany has requested additional assents
(tor its plan of recapitalization. '\
EXCESS RESERVES
Treasury Spending Gain
More Than Offsets Larger
Circulation.
i By the Associated Press.
The Federal Reserve Board said the
excess reserves—or lendable funds—
of the Nation’s banks increased $10,
000,000 to $2,640,000,000 in the week
ended June 1.
The increase was due to Treasury
spending, which more than offset the
usual month-end increase in money
in circulation due to pay-roll needs.
The statement said:
’ During the week ended June 1
member bank reserve balances in
creased $29,000,000. Additions to mem
ber bank reserves arose '-om a de
crease of $90,000,000 in Treasury
deposits with Federal Reserve Banks
and increases of $10,000,000 in reserve
bank credit, $13,000,000 in gold stock
and $2,000,000 in Treasury currency,
offset in part by increases of $76,000,
000 in money in circulation, $6,000,000
in Treasury cash and $5,000,000 in
non-member deposits and other Fed
eral Reserve accounts. Excess re
serves of member # banks on June 1
were estimated to be approximately
$2,640,000,000, an increase of $10,000,
000 for the week,”
Changes in member bank reserve
balances and related items during the
week and the year ended June 1, 1938,
were as follows:
(In millions of dollarsl.
Increase or
decrease since
June May June
1. ’38. 25. ’38. 2. ’37.
Bills discounted - s — 1 — 9
Bills bought 1 _ — 5
U. S. Oovt. securities 2,584 _ -r 38
Industrial advances
not including 13 -
OOO.dOO commit
ments—June !> 17 _ — 6
Other Reserve Bank
cred t 3+10 + 2
Tolal Reserve Bank
crcd.t 7.593 - in u. 20
Gold stock 12 918 - 13 +891
Treasury currency 2.703 + 2 +155
Member bank reserve
balances 7.745 +29 +891
'Money in circulation H.489 —70 — is
Treasu'y cash 2.254 — 0 —928
Tree sury deposits
with Federal Re
serve Banks 1 093 ■—90 - 978
Non-member deposit*
and other Federal
Reserve accounts 653 +8 + 147
Baltimore Markets
Special Dispatch to The Star.
BALTIMORE. Md . June 3—Pota
toes, old. per 100-pound sack, 2.50a
2.85; new, bushel, 80a90; 100-pound
sack, 1.50al.65: potatoes, bushel, 40a
1.00; yams, bushel. 50al.00; aspara
gus. dozen bunches, 1.25a3.00; beans,
bushel, ’ 75al.75; beets, bunch, la2;
nearby, bunch, 2‘2a3; cabbage,
hamper. 50a60; carrots. Western,
crate, 2.75a3.50; cauliflower, crates,
! 1 85a2.00: celery, crate, 2.50a3.25; corn,
crate, 1.25al.75; eggplant, crate. 1.00a
2.00; cucumbers, bushel, 1.50a3.25;
kale, nearby, blue, bushel, 20a25: let
i tuce, Iceberg, Western, crate, 3.00a
j 4 00; nearby. Big Boston, bushel, 25a
40; Iceberg, bushel, 35a50; lima beans,
bushel, 1.25a2.00: mushrooms. 4-quart
basket. 40a65: onions, 50-pound sack,
50al.25; peas. bushel. 1.00a2.35;
, nearby, bushel. 1.25a2.00; peppers,
; bushel, 75al.90; radishes, red tip,
nearby, bunch, 1 _■ a 1; long white, ?ia
'1U; rhubarb, nearby, bunch, 3a4;
spinach, nearby, /bushel. 25a35; can
ners' stock, bushel, 10al2!2; squash,
bushel. 75a 1.00; nearby, >2 bushel,
1.00al.25; tomatoes, lug, 75al.25; ap
ples. bushel, 35a 1.00; blackberries,
crate, 1.00a2.25; cantaloupes, crate,
3.75a5.75; grapefruit, box, 1.50a2.75;
oranges, box, 1.25a3.00; peaches, half
bushel. 50a2.00: strawberries, crate.
1.75a2 50: nearby, crate, 2.00a4.00;
watermelons, each, 45a60.
Dairy Markets.
Live poultry—Chickens, Rocks,
pound, 21a23; mixed colors, 20a22;
Leghorns, 15al8; fowl, Rock, 21a23;
mixed colors. 19a22; Leghorns, 15a 18;
; roosters, 12al5; ducks, 15al7.
Eggs—Nearby current receipts,
] dozen, whites, 21a23: mixed colors,
: 21a21l2. Receipts. 1.404 cases.
Butter—Prints, 92 score, pound. 29;
90 score. 27; country rolls. 18; pack
ing stock, 14. Receipts, 3,300 tubs.
Livestock Market.
: Cattle, 50; slow, steady trade on
! small supply cattle. Small lot strictly
| choice 822-pound heifers, 9.90. Few
! low cutter cows, 4.25a5.50; few me
1 dium grade beef cows up to 6.50.
Calves, 25; practically no vealers
offered. Demand narrow and market
quotable about in line with Thurs
day's clpse or around 9.00 for good
grade; plain and medium, 7.00a8.50;
culls down to 5.00.
Hogs. 450; steady with Thursday,
i good and choice, 140 to 200 pounds,
9.05a9.30; practical top, 9.30; 210 to
240 pounds. 8.85a9.15; 250 to 300
pounds. 8.40a8.85; 120 to 140 pounds,
8.70a9.05; good packing sows, 7.00a
7.50; good stags, 6.50 down. Soft and
oily hogs and hogs from doubtful areas
not represented in above quotations.
Sheep, 125; practically no lambs
offered. Good and choice ewe and
I wether lambs considered saleable
| steady with Thursday's close or up to
! 10.25 and above.
Grain Markets.
Opening prices were: Wheat, No. 2
red winter, garlicky, spot, domestic,
72Vi; June delivery, 72%. Settling
prices were: Wheat, No. 2 red winter,
garlicky, spot, domestic, 72%; June
delivery, 72%. Corn, No. 2 yellow,
domestic, 62a64; Western billing at a
premium over this price; cob corn,
nominal. Oats, No. 2 white, domestic,
40a43; No. 3, 39a42. Excepting grain
on track, there is an additional charge
of 1 Vi cents per bushel for storage and
elevation on all sales of oats. Rye, No.
2, 70a75. Barley, 60a65. Hay quiet,
unchanged. Straw steady, 7.50a8.00
a ton.
„ . > —..
FOREIGN EXCHANGES.
NEW YORK. June 3 OPi.—Major foreign
currencies showed modest improvement in
terms of the dollar today.
Sterling advanced Vs of a cent and
the French franc .00% of a cent. Belgas
continued to improve, adding .01% of a
cent. The guilder gained .01 of a cent
while the Swiss franc was unchanged. »
Noon rate follows: '
Great Britain in dollars, others in cents.
Great Britain—Demand. 4.94%: cables,
4.94%: 60-day bills, 4.93%. France—De
mand. 2.77%: cables. 2.77%. Italy—De
mand. 5.26%; cables. 5.26%.
Demands—Belgium. 16.92: Germany,
40.15: benevolent. 21.25: travel. 23.75:
Holland. 55.18: Norway. 24.85%: Sweden.
25.50: Denmark. 22.08%: Finland. 2.20;
Switzerland. 22.77; Spain, unquoted: Por
tugal 4.49%; Greece. .90%: Poland. 18.87:
Czechoslovakia. 3.47%: Yugoslavia, 2.35:
Austria, unquoted: Hungary 19.90: Ru
: mania. .75: Argentina. 33.00n: Brazil
(free). 5.90n: Tokio. 28.85: Shanghai.
21.60: Hong Kong. 30.89: Mexico City.
22.00: Montreal in New York. 98.89i'«;
New York in Montreal. 101 10IS.
n Nominal.
PHILADELPHIA PRODUCE.
PHILADELPHIA. June 3 OP).—Potatoes.
Virginia. U. S No. 1. heavy to medium, 100
Sounds. 1.75-1.80: barrels, 2.75-3.00:
orth Carolina cobblers, some dark. 100
pounds. 1.65-1.75: barrels. 2.75-3.00;
bushels. .90: Pennsylvania. 100 pounds,
round whites and round russets, fair qual
ity. 1.25-1.30: sweet. New Jersey. Jersey
type and reds. % basket. 70-90: dark. 50
bO: half bushel, Jersey type, processed D.
S. No. 1. 75: medium. 50: Delaware, bushel.
85 90 yMn'* 1-00: Jersey **#•• p*diu®’
Price of American Tobacco ‘B’ Stock
——I--- ... - _
Price of American Tobacco Co. "B" Stock
K* SMJMte OOUAM
PER SHAM PtttHAU
' I I5r-r Earningt
Amounted to
$3.00 Per Share
l nc _ _ in 1933. Stock
Sold Between
16.92 and 31.58
Timet Earningt
't3'j F M AM J J AS ON D J F M A M J J A $ 0 N D J F M AM J J AS 0 N DJ FM Am'j'jAS ONDJF M AMJJ A S
1,33 1934 1935 1936 1937
Ifc, ABOVE ARE INITIALS OP MONTHS: J FO* JANUARY, F FOR FEBRUARY, tTC.
BETHLEHEM STEEL
ACQUIRES HUM
Ship Subsidiary Purchases
United Shipyards Facilities
for $9,320,000 Cash.
By the Associated Press.
NEW YORK. June 3 —E. G. Grace,
president of Bethlehem Steel Corp.,
announced yesterday that Bethlehem
i Shipbuilding Corp, Ltd., had pur
chased for $9,320,000 in cash all ship
building and ship repair facilities of
i United Shipyards, Inc.
These include the plants at Staten
Island, Brooklyn and Hoboken.
Present plant personnel of United
will be retained, Grace said.
The sale was completed following
approval of the contract by United
j stockholders last week.
Grace pointed out Bethlehem "has
j not acquired the accounts receivable
! of United or assumed its outstanding
! liabilities, but has agreed to complete
; for the account of United certain work
now in progress.”
Bethlehem now operates shipbuild
ing and ship repair plants on both
east and west coasts of the United
| States, with principal facilities at
Boston and Quincy, Mass.; Baltimore
! and Sparrows Point, Md, and San
Francisco, Los Angeles and Alameda,
| Calif.
-----—
LITTLE CHANGE SEEN
IN INSURANCE SHARES
Special Dispatch to The Star.
NEW YORK. June 3—After reach
: ing a new high on the move from
I 1938 I6ws, insurance stocks in the
1 New York City market closed practi
cally unchanged for May, according to
Holt, Rosa & Troster.
The weighted average of 20 issues
opened May 2 at 43.39, from which
point it rose to month’s high of 45.33
on May 9. This high compared with
April high of 44.95. and showed 19
per cent appreciation, compared to
1938 low of 38.11 in March 31.
In the late May reaction, however,
this gain was cancelled, the average
receding to month's low of 43.27 on
May 26 Close May 31 at 43.38 re
vealed net decline of only .01 for the
month.
H. L. GREEN CO. SALES
DOWN 15.7 PER CENT
j Es the Associated Press.
NEW YORK. June 3 — H. L. Green
! Co. reported today May sales of $2 -
! 382.525. a drop of 15.7 per cent from
j $2,825,839 in the comparable 1937
; month. Turnover for the first four
! months of the year was 9.6 per cent
; under the same period last year. Com
pany operates a national chain of
variety stores.
INSURANCE STOCKS
NEW YORK. June 3 (Ah.—Investment
Bankers' Conference. Inc.;
Bid. Asked.
Aetna Cas (3a) _ 82% 86%
Aetna Ins 11.00)_ 41’; 43’i
Aetna Life (la)__ 22% 24%
Am Equit (1' IP 20',2
Am Ins Nn-k <%a)_ 10’4 12%
Am Reins (1.60)_ 29 31
Rm Reserve (la)_ 21% 23 V4
Am Surety (2%)_ 38’4 40’4
Automobile (la)_ 26% 28
Balt Amer ( 20a)_ 5 6
Carolina (1.30) _ 19’4 21';
City of N Y (1.20) _ 15 16%
Conn Gen Life ).80)_ -24'; 25’;
Contin Cas (1.20) 26 28
Fid & Dep (4a' 95 99
Firem's Nwk (.30)_ 8 9';
Frank Fire (la) _ 22 2.3%
Gen Reinsur (Jel xd_ 3Hi 33%
Glen Falls U.HOI _ 37'., §p%
Globe * Rep i Va)_ 9 10
Globe & Rut _ 19 22
Great Amer da)_ 21 % 23';
Hano/er (1.60) _ 27 28%
Hartford Fire (2) _ 65'« 67%
Home Fire S"C_ 1% 2 s*
Home Ins iia>_ 23’4 25*4
Homestead ft) _ 12 13%
Knickerbocker (.32'be)_ S'4 p'4
Lincoln Fire _ 2 2%
Maryland Cas _ 3 33,
Mass Bond (3%)_ 43’; 46’,4
Merc Ins Pr (.32)__ 4 6
Natl Fire (2) 53 55
Natl Liberty (,20a)_ 6 7
N Hampshire (1.60)_ 40'i 43
N Y Fire (,40e)_ 11’; 13't
Nor Piver (1)_ 23% 25'4
Phoenix (2a) _ 7OV4 72*4
Prov Wash (1) .. 29 31
Revere (P) In (1.20a)_ 17% 18%
Rh Isl Ins (.40)_ 4 5
Rossia Ins _ 3% 4’;
St Paul Fire (8) _180 187
Springfield (4'ia)_104% 107%
Sun Life fl5)_ 425 475
Travelers (16) _ 409 419
U S Fid & G_ 10% 12
U S Fire (2) _ _ 47 49
Westchester < 1.20a)_ 2 7 Vi 28%
a Also extra or extras.
e Declared or paid so far this year.
CHICAGO LIVESTOCK.
CHICAGO. June 3 OP) (U. S. Dept, of
Agriculture).—The hog market opened
higher today but when shipping demand
was satisfied, prices reacted. Another
small run of lambs came into the market
and prices put on 25 to 50 cents. Closing
fully $1 higher for the week. Fed steers,
yearlings and heifers sold steady In a
clean-up trade.
Hogs, 11,000, Including 5.500 direct;
uneven, mostly 10-15 lower than Thurs
day’s average after opening steady to 10
higher on weights 230 pounds down: top,
8.90; good and choice, 160-230 pounds.
8.70-90: 240-350 pounds, 8.35-70; good
400-650-pound packing sows. 7.80-90;
lighter weights. 8.00-25.
Cattle. 1.500; calves. 500: fed steers
and yearlings steady; choice kinds absent
and good offerings scarce; odd lots, steers,
up to 10.00. but bulk of supply selling at
9.00 down; best heifers, 9.00: cows. 10-15
lower; spots more; all of early week’* ad
vance gone; cutter trade cows largely,
4.50-5.50: not many good beef cows avail
able but low-grade beef cows also sluggish
and lower: weighty bulls steady at 6.90
down: light kinds very draggy: vealers un
changed: mostly 9.00 down market; few
selects. 9.50.
Sheep. 6.000. Including 3.900 direct: fat
lambs and springers unevenly and rather
sharply higher; many sales 25-50 up. 12
decks merely good; 76-pound California
spring lambs. 9.86 straight: old crop
clipped offerings. 7.15-75; sheep firm; na
tive ewes mostly around 2.75-3.25.
Cooper-Bessemer Corp.—Declared a
dividend of l-20th of a share of com
mon stock on each share of $3 prior
preferred stock, payable Juiy 1 to
holders of record June 9, 1938. Similar
payments were made January 1, 1938,
and July 1. 1937. V
Norfolk Southern
Reports Smaller
Deficit in 1937
By the Associated Press. "
NORFOLK, Va„ June 3.—The an
nual report of the Norfolk Southern
Railroad revealed yesterday a lower
deficit for 1937 than for any year since
the railroad went into receivership in
1932. The improved financial condi
tion was attributed partly to increased
movement of agricultural products.
The report, submitted by Morris S.
Hawkins and L. H. Windholz, co
receivers, showed a net deficit of $323,
541, according to the combined re
ceivers’ and corporate operating state
ment. The receivers’ statement alone
showed a net income of 5440,671, the
highest since 1934.
The receivers account allows for no
interest charges on bonds issued prior
to the receivership on July 28, 1932,
although it covers interest on equip
ment trust certificates issued by the
receivers.
[ G
AT 562,061 MARK
Increase of Three Per Cent
Leaves Volume 28.9 Per
Cent Under 1937.
Es the Associated Press.
The Association of American Rail
roads reported today 562.061 cars of
revenue freight were loaded during the
week ended last Saturday.
This was an increase of 16.253 cars,
or 3 per cent, compared with the pre
ceding week; a decrease of 228.442, or j
28 9 per cent, compared with a year I
ago, and a decrease of 367,545. or 39.5 !
per cent, compared with 1930.
NEW YORK, June 3 (/P) .—Railroad
carloadings gained more than season
ally in the week ended May 28, the re
sult primarily of heavier movement of
coal and ore.
Miscellaneous loadings, however, the
major industrial classification, dipped
contra-seasonally.
The associated press seasonally ad
justed weekly index of freight carload
ings. based on 1929-30 as 100, ad
vanced today to 57.7. compared with
56 4 the previous week and 81.6 a year
ago.
Range of recent years;
i03S. JR37. 193rt. 1935. 1934
High_H 8 84.5 71.1 «5.9
Low _ 55.7 6*2.5 60.7 58.0 59.5
— -•
APPRAISAL FILED
AKRON, Ohio. June 3 f/P).—An ap
praisal evaluating the personal prop
erty of the late Harvey S. Firestone at
$3,696,502.28 was filed in Probate
Court today.
The appraisal did not cover life
insurance, real estate outside Ohio
and possible other assets covered by
prior trust agreements.
Stocks and securities held by Fire
stone at the time of his death in
Miami, Fla., last February were ap
praised at $3,382,153.29. The ap
praisal Indicated Firestone had trans
ferred 35,478 shares of Firestone Tire &
Rubber Co. common stock to members
of his family in 1936 and 1937.
! Auto Production
Drops to 26,980
Level for Week
By thp Associated Press.
DETROIT, June 3.—Ward's Auto
motive Reports today estimated the
current week's production of motor
vehicles at 26,980 units, compared
with 45.120 last week and 104,136 a
year ago at this time. It attributed
this week's drop to the Memorial Day
holiday and the shutdown of Ford
assembly plants. Next week, it said,
should see production up near the
40,000 mark again.
The survey said “the outlook for
June promises a continuation of the
slow seasonal decline” and predicted
a total output for June of approxi
mately 155,000 cars and trucks.
More General Assortment
of Items and Sizes Now
in Demand.
Sd»c1*' Dispatch to The Star.
NEW YORK CITY, June 3 —Manu
facturers have noted that orders from
hardware wholesalers are calling for
a more general assortment of items
and sizes as the year progresses. Dis
appearance of overstocks and carry
overs forces a wider sorting up for
most successive purchases. Buying
is frequent, but still very moderate
and is chiefly confined to current
needs. Indications are that most
prices on hardware lines will hold.
A general prevalence of rains
throughout much of the country has
had a natural influence in the sale of
various outdoor spring lines. Hoes
and rakes have been doing better than
other steel goods items, while the as
surance of an extremely heavy hay
crop is starting early buying of hay
tools, Hardware Age declares in its
semi-monthly market summary.
Grass and weed growth are greatly
stimulating the sale of grass hooks,
grass shears and lawn mowers. Orders
jre commencing to come in for grass
and weed scythes. Lawn seed sales
are running ahead of last year, par
ticularly on the better grade mixtures,
in many sections of the country.
Wholesalers’ reports of sales volume
in hardware lines during May indi
cate again an average 16 to 20 per
cent decrease below- relative 1937 fig
ures. Retail store sales in rural areas
have suffered less than in cities.
NEW MANAGER NAMED
FOR BENDIX PRODUCTS
B> the Associated Press.
SOUTH BEND, Ind , June 3.—Mal
colm P. Ferguson, vice president of
the Eclipse Machine Co., Elmira, N. Y.,
was named vice president and general
manager of the Bendix Products Corp.
Among products of the Eclipse com
pany is the Bendix drive.
In the reorganization two men long
associated with the firm relinquish
active control. They are Victor W.
Kliesrath, formerly vice president in
charge of engineering and general
manager, and John P. Mahoney, for
merly vice president of manufactur
ing.
Kliesrath will go to New York to
direct activities of a new marine de
velopment division of Bendix Aviation
Corp., of which he is vice president
and a drector. Mahoney will become
vice president in charge of industrial
relations of Bendix Products Corp,
---
DOLLAR GOES HIGHER
IN LONDON DEALINGS
LONDON, June 3.—The United
States dollar was quoted 4.94\ to
the pound in foreign exchange trading
today, a net gain of >; cent in terms
of sterling. The rate compared with
sterling at $4.94 ^ in New York over
night.
The French franc remained at
178.31 to the pound.
PARIS, June 3 (VP).—United States
dollars were quoted at 36.075 francs
(2.772 cents to the franc) in final for
eign exchange transactions today. In
comparison the franc was 2.773 cents
in New York over night. Exchange on
London, 178.29.
Principal rente issues in the Bourse
were 73.65; 414s “A,” 77.20; 4’4s 1937,
122.60.
WEATHER HELPS
REM ACTIVITY
Advance of 3 to 8 Per Cent
Leaves Total 10 to 18
Below Year Ago.
By the Associated Pres*.
NEW YORK, June 3.—Aided by
better shopping weather, retail buy
ing at leading centers of distribution
this week averaged 3 to 8 per cent
above last week, but ran 10 to 18
per cent under a year ago for the
country as a whole, Dun & Bradstfeet
reported today.
The agencvy pointed out, however,
that retail distribution stepped ahead
‘•haltingly,” as it still lacked the sup
port of rising pay rolls, its major
accelerator.
Best-moving items were listed as
women’s wear, with special emphasis
on dresses, accessories, shoes, mil
linery, jewelry, beachwear and toi
letries. Gains were reported in sales
of men’s suits, wdth straw hats "ven
turing out” in some districts.
Whoesale buying, while showing a
small gain for the week, was 10 to
25 per cent under last year, reports
showed.
“Midweek increase in reorders was
indicative of the more rapid retail
turnover,” the agency said. "While
coutiousness restricted the size of
requests, nearly all branches shared
in the orders.
“Dresses of sheer cottons and
washable sports types were stressed
“Orders to hardware wholesalers
were for more general assortments
and the frequent requests for small
lots indicated the clearance of most
of the 1937 carryovers.”
--——-•-—-.
50 TONS OF LEAD SOLD.
j NEW YORK, June 3 (/P).—St. Joseph
| Lead Co. reports 50 tons of Southeast
Missouri pig lead sold yesterday at
’ $3 85 per 100 lbs., East St. Louis. No
| sales New York delivery, quoting $4.05.
—•—.•—
Food prices are rising in Canberra.
| capital of Australia, carrots selling at
| 6 cents each, lettuce. 25 cents a head;
, beans, 20 cents a pound, and cauli
flowers, 50 cents apiece.
APARTMENT
HOUSE OWNERS
ARE
REFINANCING
UNDER OUR
LIBERAL TERMS
5%

No more 3 or 5 yeor ma
turities unless you prefer.
Place your investment on
a safe, long-term basis
with small quarterly,
semi-annual or annual
amortization.

Msrtcise loin Correspondsnt
/ %
U1CIS
WASH. HE. 1/2
V
o\Ai>
Investors' Syndicate
HOME LOANS
to buy, build or
refinance
INTEREST i-o/
as low as ^
PAYMENTS_
-- $7.50
as low as f
par $1,000
Let Us Explain Our
Modern Loan Plan
I
COLUMBIA
BUILDING
ASSOCIATION
716 11th St. N.W.
. Money to Loan on First Mortgages
Financing
To Your
Convenience
There are two types of loans
with which to BUY, BUILD or
REFINANCE property in the
District or in nearby Mary
land or Virginia—
3-Year Straight Loan or Monthly Payment Plan
We shall be glad to consult
with you as to which will best
suit you, and prompt action
can be had.
B. F. SAUL CO:
National 2100 925 15th St. N.W.
Over 45 Years of Experienced Service

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