Evening Star Newspaper, June 6, 1929, Page 13

FINANCIAL. Wowggr T MACHINE TOOL DEMAND. STAR. WASHINGTON. 1929. THE EVENING D. €. THURSDAY. JUNE 6. T . |over a year ago. For the fist five OHAIN' SALES REPORTED | months of 1629 Saies totaled $55,072,603, iy oAk McCrory Stores Corporation sales in | an increase of 8.7 per cent over the NEW K, June 6 (#).—American May totaled $3,260,588, & gain of 9.7 per Same period in 1928. Machinist reports that inquiries for e b F. & W. Grand 5-10-25 Cent Stores | machine tools continue at & good rate cent over May, 1928; Sales for the five | report total sales for May, 1929, of | | months reached $15,668.789, an advance | 51,687,578, compared with $1,153,153 for | Lhroughout the country. No h::lus!iom of 8.5 per cent over the same period | May, 1928, an increase of 463 per cent. | Of & material let-up during the Sum- FINANCIAL. Received by Private Wire UTILITIES FEATURE ' [NEW YORK CURB MARKET 2 wrize - ceee 3 Packard Elec Co 41 Acoustic Prod. ... 0 9 Pachard Motor o 6 Aeronutical Tnd .1l 1Param Cab Mfs 2Aero Sup MIf Al 10 karmelee Trans 26 Aero Sup M{ B n 1 Patterson Sargent Co 1 Aero Underw % 1J°C Penney & Co 7 For the first five months of the vear 'nmer are seen. Automotive buying has 1ast year. sales totaled $7,259,411. against $5,154.- | temporarily siackened, but general in- S. S. Kresge sales in May amounted 478 for the same period last year, an id- | dustry in of 8.86 per cent crease of 40.8 per cent. is purchasing on a substantial scale. 1Ind Oil & G ur RS o 18 Indiana P&L 55 A e 2 {Loss of Electric Company| Brisk Buying Movement Is 31nd Oil & G 6s 34 & to $12,344.743, a 11Inil Pow Sec s E 14Intl Sec Amer 55 4 & Headed by Electric Light and Power Group. BY HARRY H. BECKER. 8pecial Dispatch to The Star. NEW YORK, June 6.—Utility stocks practically monopolized trading on the Curb Exchange today. In the brondest and most active buying movement yet witnesced, practically every member of the electric light and power group con- tinued to climb in such excited fashion | that the ticker at one time was half an hour behind the floor. Utility Section Strong. Interest on the buying wa heightened materially by the admission of Commonwealth and Southern shares from the Produce Exchange. The com- | mon made its debut at 28 and then re- cted, while the warrants made their | appearance at 11%. Both issues were heavily traded in and contributed largely to the increased turnover enjoyed by | the utility section. The more representative utilitics re- covered substantially from the effects of profit-taking in the preceding ses- | sion. Electric Bond & Share, which | opened nearly 2 points higher on a| block of 11,000 shares, developed even greater strength later and before mid- | day was in new high ground, near 106. | Southeastern Power also rose spectacu- Jarly, bettering its former peak, and United Gas Improvement, old and new, were taken in large blocks at new peak | prices. American Gas & Electric also | did especially well. but profit-taking continued to retard the American Super- | Power issiies Et. Regis Paper, which, through its | farge holdings of certain power com- pany stocks, is in & position to benefit | materially from the various offers be- ing made by the new holding com- panies, spurted to the best level in its history, the-gain at one time amount- ing to more than half & dozen points. Brisk advances were marked up in the industrial division. Checker Cab added several points to its previous ad- vance, and renewed demand appeared for Marcon! International Marine with- out influencing the price to any mate- rial extent. A four months' statement showing a substantial increase in new profits helped Thompson Products, and there were impressive gains in the case of United States Gypsum, Aluminum Corporation and a few others. 0il Group Quiet. Oils were quiet as a group, but Ohio | Ol developed independent strength and rose almost three points before after- noon. Some of the high-priced issues were under moderate pressure, and very Jittle activity was witnessed in Indiana, Humble and others which showed signs of reviving recently. The aviation group was quieter than in some time. Similar dullness pre- vailed in_the automobile and mining rtocks, although Noranda enjoyed an early spurt. Among the miscellaneous industrials Great Atlantic & Pacific was lower, and Zenith Radio felt the ef- fects of renewed pressure following its | late recovery. side | Baltimore Markets Special Dispatch to The Star. BALTIMORE, Md., June 6.—Potatoes, white, 100 pounds, 1.00a1.40; new pota- toes, barrel, 2.50a5.00; sweet potatoes, | bushel, 1.25a2.25; yams, bushel, 1.50a | 2.00; Asparagus, dozen, 75a3.00; beets, 100, 4.0086.00; beans, bushel, 1.50a2.5 cabbage, hamper, 50a75; carrots, bushel, 3.0024.00; celery, crate, 15024.00: corn, bushel, 2.25a2.75; cucumbers, bushel, 1.5083.25; eggplants, crate, 1.50a3.00; kale, bushel, 15a25; lettuce, bushel, 25a75; lima beans. bushel, 2.50a3.50 onions, crate, 1.40a1.75; Spring_onions. 100, 1.00a1.25; radishes, 100, 1.50a2.00; squash, crate, 1.00a2.00; spinach, bushel 20a65; tomatoes, crate. 1.75a4.00: ap- ples. ‘bushel, 1.2583.00; blackberries, quart. 14a16; grapefruit, box, 1.5023.50; oranges, box, 2.00a3.50; strawberries, quart, 6a15; watermelons, 35a75. 4 Alnsworth Mix 8 Alexander Ind 103 Alljed & L 3 Alpha Port,Cem 1Atfison D B § Allied P & L. 131 pid $Alum’ o Amer 4 1 Arch Co Amer Beverage 3 Amer Brit & Con Cor Amer C gar 1 Amer Citles P & L A Amer_Cities P & L B Am Commonw B A Am Commonw P B Am Comm P oot war 50 Am Cyanamid B n 42Am Cyanamid B Tic Amer Dept Stores Amer Gas & El ... | 1i:Amer Lt & Trac’. | 715 Amer Mg 13 Amer Meter 2 Amer Nat Gas 2 Amer Phenix 3 3 Amer Sol & Chem . 12 Amer Superp A -... 63, Amer Superp 1 1] Amer Superp B ... 2 Amer Super pfd 5 Amer Super 1 ptd 569 Am Super rts 1 Anchor Post Fenee 5Anslo Chil Nitra T Apex T Mg 13 Areturus Radio T 5 Arizona’ Power 334 Atk Natl Gas 53 Ark Nall Gas A 1Atk Nat G enm pid 143 Asso Flee Tnd 15 Asto Gas & FI A 8 Ass0 Gas & F deb 1% Ao Ravon Axo Ravon pfd 3 At Coast Figheries AU Fruit & Sug 5 Auto Vot Mach 7Auto Vot Ma evt pr pt 2 Aviation Co of Am... 47 Aviation Corp . 1Aviation Credit’ 1Axton Fisher A 4 Beilanca Arc Vi & Hedges W : Brices’ & Sifatton Brill Corp A Brillo Mfe A . B B B H i 1 e 134 4 3 illo Mfe rillo Mz A 20 Brist Myers Brown Fence Wire 2 Brit-Celanese Ltd 1Bkivn City R R 1 Bruee 1 Buick _ Silk 28 Buf Niag & 16] Buf Niag & F P A 2 Rulova Watcn 7 Burma Corp. 7 Burrongh A M new.! 3 Butler _Bros 1By P Coke n - 2 Cable Rad Tube vic 48Can Marconi W.... . 2 Capital Admin A 3 Capital Admin A 1Celan Cor Am !> Cent & Sou U pfd 1Cent Pip Cor 11 Cent Pub § A 5 Cent States El n. .. 1Cent States El war & 43 7Cent Sta EI conv pfd 187 3 Cent Sta El pfd ww i Chain Store Stock A1 Check Cab Mfx. .. 14] Gities Ser n 2 Gitles Ser pfd - 1Cit 8 P & L 1s pfd 2City Mach & Tool. .. 2 Club Alum Uten 1Cohn-Hall Mark. mol P : E rts Pictires. | Columbus El Pow Commonw & 8o, Commonwealth Ed Commonw_P pfd 473 Comw & B optl war. 3, Compania Hisp. 13 Cons Aircraft 9 Cons Auto Mer vic 3 Cons Auto Mer pfd xd 3 Consol Dairy P 11 Consol Film 6 Consol G Bali 1 Consol Instry 3 Consol_ Laund 4 Cons Ret Sire 3 Cont! Dia Fibre 2 Cooper Bessemer. || 5 Cooper Bess pfd A... 3 Corron & R pfd A 14 Crocker Wheeler iCuba Tob (o vic 86 Curtiss Airport vic 72 Curtiss Fiying. Serv.: 243 1Curtiss Reid Air pid 297 1 Davega Inc. + 301 20 Dayton Airplane. 34 Deere & Co 62 2 De Haviland N.. 2 Dinkler Hot A w! 1 Doehler Die C C.. 10 Douglas Aircraft 3 Dubilier C & R 12 Duke Pow 5 Durant Mot 1 Duz Co A vic 60 East States P_B 1Edison Bros Strs Eisler Elec El Bond & 8h . El Bond ‘& 8h pfd.. El Invest Inc Rl El Invest Inc pfd 1EI P & Loptl war. .. EIP &L 2dpld Al SEm Pow Cor . o 2Eae_Pub Ser oot wr 1Evans Wall Lead 1 Fabrics Finish .... 1 Fageol Mot Co 3 Fairchild Aviation A 31 Pairchild_Aviation rts is Fajardo Sug Co 4 Fandango Corp A 2 Pansteel Prod .. ...l U Federal Water Al. Mills E P pid 3 3 21001 1 2 249 & 79 1 ] Dairy Market. Butter—Good to fancy, pound, 42a51!;: prints, 46a47; blocks 45246 ladles, store packed, 30: rolls, 33a35: dairy prints, 33a34; proce: butter, 38a39. | Poultry — Alive, Spring _chickens. pound, 30a43: Leghorns, 26a34: poor | and thin, 25a28: old hens, 30a31; Leg- horns, 27a29; old roosters, 18a20: ducks, 20a25: guinea fowl, each, 50al.10; creamery, | Piat Tcls Eirestone Tire 23 Fokker Airp Am 7 Foltis Fisher Ford Mot Co Can Ford Mot Co Can Eord, Mot Lid | Frank (H H) Mfg Co 2 French Line B v Freshman Chas Co ock Pkg Am Inv . n Bek Bek prd 110% 11 0134 4Benn Ohlo Fo 's Penn O Ed p pid 3 Penn 'O Ed optl war 258 Pennroad Corp tic 1 Peop Liar Corp A 2 Berbect Clrcle 3 Perryman e a3 Fetrol Corp 15t pd hilip Morris hilip Morris A hilippe (Loui<) A hilippe (Louis) B ick ‘Bar & Co pid ierce Governor ot Radio Tube $iths et o Bt otrers Sue 2 Pow ‘Sec ‘Cor pid 2 Prop Silk_ Hor Mil 9 Prudentisl In: %4 Pug 8 P&L pfd 4 Psrene M 2 Rainbow Lum P A 14 Raybestos 2 Reflance Brass & 8t 1 Reynold Meial pt prd 13 Roch' Cent' Power 3Roch Cent Pow cash 4 Rockiand L & P 1 2 Roosevelt ' Pield 1Rovl Type 18afe © W& Lt 1 Safe-T-Sral 7581 Regis Paper 15chuite Real Esi 1 chulte Un 5s-31 8ir 7 8ec Gen' Am Tnt iEeeman Bios 18ecal Lock & Fistds aSelected Innst Tne 2 Seieet Ind Ine pia oit Senvry Safety Cont 17 Serv Bl vic 12 Bhemeld ‘Sieer Na 3 Sikoreky Aviation 2 8ilica Gen crte 12 Singer Mfg. L '3 Smith Co.o 1l i Somatron T0'Illl 70 Southeast P& Ll 1 Southeast P & L uf 17 Southe P & L b pid. 27 Southeast P &L war. 3 South Asbestos 2800 % 3sou € E 1South- Coast. 5.0 280 Rovalty. 1l 280U Grocery A'11" 3 Spanish & Gen rets 18%nd G & F pr pid 1Stand thv ptd 5.0 Aot Mot i Fow & 1] Trett Corp 1 Cosmeticx 7 Sterling Sec pi ailoi 6 Sterl Sec A wi . 13 Steriing Sec Brd will 4 Siinnes. Higo : § Stromb Carls Tei [ 1 8tiitz Mot h 28wift Tnt 1] Swirt & G 3 Swiss Am Bl pfd . 4Syra W Mach 2 Taggert_Corp 9 Tampa El 1s Timken De Ax pid % Tishman Really & C 623 6§ Trans Am 1387 13 Transcon Air’ Trap . 20% 1Transcon Air T sid 29 iTranLux DLS P A 11% 213 Tri Cont Corp 1Tri_Cont Corp_ sid 1 Triplex _Pork Stores 2 Trunz Pork Stores 2Tri Stat T & T pfd iy Tubi Art 8 B 2 18 Tung Sol Lamp . 4Tung 8ol L A .0 3 Union N G Cen' " 23 Union Tobacco 2Uni Chem pr pfd 2Uni Elec Bond ris 1Uni Elec Ser n 7Uni Gas Co 70 Uni Gas Co rts.. 259 Uni G Imp C . 1883 Uni G Imp C n wi 83UNILL & P A . 27Uni G Imp n pfd 734 Uni G Imp rts 1Uni L & P B pfd 10nt Milk pa .00 2Uni Piece Dye Wis 2Unl Pft Shar 3 8Uni Shoe M C ... Foil B 3 & For Sec . Tor Sec 1st pid Freight of Del Gypsum Gypsum pfd Ling : Radio Rub Reci 5118 36913 @ & 2w B ties Corp n C PRE......0. nadium Aliovs’ 8ti aitt & Bond B.. vest Auto Sup ‘A estern Air Exp.... ‘estn Afr Exp ris. hitenight Inc ... willlams (RC & Co 1 Winter B <2qacagaaaaaanaac 03 Bt b3 708 AR RS A 000 285, Sales in hundreds. 87 Ariz Globe C.......... 3 Carnegie Metais &Com Tin & Drain n 6 Cons Cop Mines 1 Eng Gold M Ltd Inc 52 Falcon Lead Min 1First Natl Copper. 4Gold Cotn 3 Golden Center M. 30 Goldd_ Cons 2 Hecla_ Min 3 Hud Bay Min & Sm 21ron Cap Copper 11 Kerr Lake at - Mining J Zine n. Nipissing 53 Noranda 58 Ohio Cop 5 Premier Gold M 1Red Warrior 5 13 Roan Antelope Cop. 41Rn Antelope Cop ris 1 Shattuck Denn 1Stand Silv Lead. 10 €t Anthonv Gld cesh 3 Teck _Hnghes... 3UnI East Min 3Unl Verde Ext 2 Uni Zine Smeit 1 Unity Gold 2Utah Apex 2 Wendon Cop. NINSSES: 3! 3 Intersta Pow 5 1lIntersta Pow 6c 5 Inter Pub 8 4125 58 F 2Inv Corp Am@Ss A 47 96'5 16 Kelvin Corp 6s_36 0% 2 Kop Gas & C 55 '41 " 96 34 Lehiich Pow 6 A 2026 1 1 Libby McN & L bs 4 Lone Star Gas 55 5 Louis Pow & Lt 55 2 Manit Pow 8125 A 1 Mnss Gas 51 3 McCord Rad 3 Membphis Nat 3 4M E Co Pad4'2s D 68 952 55 Mun 88 Line 8'as '37 101 1Narrag Co 5s A°57.. 90 1Nat D Prod 8'zs '35’ 100 13Nat P & 'L 65 A 2026 104’4 7Nat Pub Ser S5 ‘73 . 807 55 43 90': L 4lis 67 91 til s '35. 100 3 Nor Ind P S 54 C 64 100 i Nor Sta P M 6lés '33 102 40hio Pow 4135 D '56 90% 10hio Pow 5:°'53 B.. 971y 5Pac Inves 55 A ‘48 | 9217 c Wn Oil 6los 43 951 elee Tran 65 ‘44 99 O E 65 A 50 ww 100 E P 5iys 72, 193 hila Suburb 4125 57 963 5 Poor & Co_6s '3 9915 6§ Potomac Ed 58 F 56 96M 1Quus B G&E 5.5 32 100 5Rel Br & St 6s 44 991, 33 Richiid Ol 6s A ‘44 99! 3 Richfid Ofl 51.% 31 100 20 Roch Cen P 5% A '53 48an An P S 83 B 128 L G & C 6s iScripps E W 5125 3Servel Co Del 3¢ 7Sha WAP 4155 A 9 2 Shawsheen 75 31 { i8heri Wy Coal 6 30 Snider Pack 6s 32 61 Soue P&L 65 A 2025 1023 5Sou Cal Ed 85 '44... 100 1Sou Cal Ed 5s '5i ° 100'% 4 South P&L 6s A 3022, 1007 8Staley Mfg 6s 42, 983 28tand P & L 6s '57. 95% 108un Maid R 6las 42 60%% 20Sun Ofl 5'zs '39..... I Swift & Co'55 32! 5 Texas P & L 55 86 13 Trans L 5'as 32 ww 100 7 7135 "36. 108 TUNL R of 1 1078 Rub 658 733 98 20 S Rib 6'3 4000 98 RTINS 3 Van Camp Pac 65 ‘63 84 VA Elec & P3s A Sy 973 071 | 2 Weslv Chior 315¢ 27, 1007 | SWestern B 8ioe A 87 128% FOREIGN BONDS | 1 Bank Prussia 65 '30.. 87 10 Berlin C E 6'z% "59 o'z 4 Blienos Adres 3x 52 101% | & Bilenos Alres 725 47 103 2 Canica Valley 7s” 48, 88'4 12Com & P B Blys '37. 86% 5 Danish Cons 35 ‘53 M 2 Elec Pow Ger 6135 /53 90 | 10 Finland R Mtg 65 '61 867 3 Frankfort 628 '53... 9213 ! 40 Free St Prus 6s 53,0 863 3 33 Gelsen Min 6s 34 897 “ 3 Ger Cons Mun 1s 47, 97 32 Ger Cons Mun 65 ‘47 4 Hamburg F 5'.5 '38. SInd M B Finl'd 75 44 49 Ttal Superpow 6s '63. 8 Jugos St M BK 75 ‘87 T Mendora 715 51 1 M Bk Bogota 75 ‘47 n 7 Mor Bk Chile 65 ‘311 971 19 Nippon Eiec 613s 53, 8913 11 Parana 75 S8 8 63 RUET Gas 6128 A 53 84%% 23 Rumania Inst 7s ‘59 5 Rus Gov 51an 121 cf 1 3¢ Rus Gov 612t '19 COD 3RS Go 612e 18 of i 18anta Fe Gity 75 4 ! ! 18 Maranh Braz s 58 9 Stinnes 1 75 36 wa 1Stinnes 1 7% 46 wa 8Uni Ei Ber 75 A 3 | 4U'SH Wis 6728 A 47 ; xd—Ex dividend. ¥i_When 1ssued - New Ww-With warrants WILLARD SAYS B. & 0. ’ WILL AID RAIL MERGER! | | | | | 8%, 84 9815 812 8% 941n 9011 By the Associated Press HAMMOND, Ind. June 6.—The | Baltimore & Ohio Railroad is willing to relinquish its substantial interest in | the Cincinnati, New Orleans & Texas | Pacific Railway to further the proposal | for consolidation of railroads within the rate territory in which they are located said Danlel Willard, president of the Baltimore & Ohlo, in an address to- day before the Hammond Chamber of Commerce. Willard's announcement was made | partly in answer to objections against | merger of the Chicago, Indianapolis & | Louisville Railway with the Baltimore | & Ohlo. He quoted Prof. W. Z. Ripley, economist of Harvard University, as recommending conolidations with Tate | arees, and sdded that neither the | Southern Railway nor the Louisville & Nashville, joint owners of the Chicago, Indianzpolis & Louisville, “should ex- tend their lines north of the Ohio River, and by the same token the Baltimore & | Ohlo, which owns a substantial interest in the Cincinnati, New Orleans & Texas | Pacific Railway, extending from Cin- cinnati fo Chattanooga and forming an important link in the Southern Railway | System. should relinquish its ownership | {in that property to the Southern or | such other railroad company south of | ’lh Ohio River as may wish to obtain | t."” | PARiS IidURSE PRICES. | PARIS. June 6 (#).—Prices were firm | on the bourse today. Three per cent | rentes, 74 frencs 55 centimes: 5 per | | cent loan, ¥00 francs 55 centimes; ex-| | Special Dispatch to The star. Business Is Latest Blow to Trade. BY J. C. ROYLE, NEW YORK, June 6.—Textile manu- | facturers, already complaining of the general depression in their industry, can be prepared for another blow. which will be a severe shock to some sections of the trade. This beeame evident | when information was obtained that | the leader in the electric equipment manufacturing field is prepared to eliminate cotton converters from its purchasing calculations. The General Electric Co. in the near future will buy its gray goods direct and | do its own converting. -This will ma- terially affect the bleacheries and the bias tape manufacturers, who have been elling fhe big company thousands of vards of goods a month for use in the insulation of wires. The bias tape is cut from the rolls of tubular goods and is passed through a bath of rubber composition, which renders it non-con- ductive. May Eliminate Fabric. Moreover, it is welr established that | experiments of the General Electric have reached a stage where it is pos- sible and probable that they will elimi- nate cotton fabric entirely as an insu- lating medium. The demand for cotton goods which has been built up through tae efforts of the Cotton Institute may more than make up for these defections, but buyer resistance to any increase in prices is still strong. The consumers feel that they can buy “when, as and if” they choose and they are not hurry- ing to fill any future requiremenis. In fact, a decided feeling of uncertamty has been injected into the cotton tex- tile situation by the strikes in the South. This is not due to the closing down of the mills. Reduction of pro- duction in something all have been working for. But many New England mills have gone South because labor there was belleved to be satisfied, well treated and working on a lower level so far as actual money was concerned than in New England, although perhaps not more cheaply than relative living costs are considered. Cotton Prices. The partly successful efforts to or- ganize the Southern mill workers have caused uneasiness in the North as well as in the South and among the tire fabric plants as well as among the cloth producers. To add to the complications the price of raw cotton is extremely likely to show increases rather than declines. The acreage seems likely to be large. but hundreds of thousands of cotton acres h®ve been water-covered by the Mississippi floods. Markets at a Glance NEW YORK, June 6 (P).— Stocks strong: Erie climbs to new peak. Bonds steady: better grade domestic lssues work higher. Curb frregular; sales of Commonwealth & Southern’ exceeded 500,000. Foreign exchanges irregular; sterling firmer. Cotton higher; unf vorable weather. Sugar steady: Cuban support. Coffee easy; trade selling. CHICAGO, June 6 (#)—Wheat firm; increased export demand. Corn higher: | bullish Tilinois erop reports. Cattle | strong to higher. Hogs higher. WHEAT CLOSES HIGHER. | CHICAGO, June 6 (& .—Sensitive- | ness to the stimulating influence of | prospective farm relief measures hoist- ed wheat values sharply in the late | dealings today. but disappointment fol- | | lowed iater Washington developments. Brisk upturns in the price of wheat, ac companied announcement that Presi- dent Hoover would send an important message to Congress. Many wheat trad- ers who jumped to a conclusion that he would discuss agricultural helps were eager buvers, and Iater when realiz- ing that the inference was a mistake, became hurried sellers, causing the market to react. | Wheat closed nervous 1!, to 17, net higher, corn 113 to 1's up, oats % to i advance, and provisions un- changed to & rise of 5. S WHEAT December . 114 2,507 September .. December Low. Close 1.081 112% 1171 'JORDANS Are Selling Lots of Majestics % BUDGET DPLAN We have developed a method new to the field of budget sell- ing. Our tremendous resources enable you to buy a radio set from us on the very lowest possible terms of payment. NO IN- CONVENIENCES and NO RED TAPE is our established pol- icy. We welcome your account and know you will enjoy dealing JORDA with Jordan’s. Service and Satisfaction at JORDAN'S % The Small .. Sum of $10 First Complete in your home WE WILL GLADLY GIVE YOU A HOME DEMONSTRATION! FIANO COMPANY 1239 G Street Corner 13th | SHOPPING DAYS BEFORE FINAL CLOSING i; Whitmore and Gompany 1225 F STREET AT I3TH. Going Out of Business SALE { | i l l “ ! = THIS STORE CLOSES FOREVER ON JUNE 29 I A Selection of DIAMOND WATCHES | change on London, 124 francs 4! cen- |times. The dollar was quoted at 25 oin . i i | francs 581, centimes Am Con “Oiifieds pigeons, pair, 35a40. Eggs—Receipts, 1403 cases: native and nearby, firsts, dozen. 29'.a30! current receipts, 28':a29; small, under- Elec Ltd Elec Co Ger .. Indust Alcohol Pub Ser Reel & Uil Cor OATS July . September December. RYE S Sales INDEPENDE! in hungreds sized, 24. Hay and Grain Markets. Wheat—No. 2 red Winter, garlicky spot, 1.10: May delivery, 1.10 Corn—No. 2 export, May delivery, no quotations; No. 2 yellow, domestic, ‘spot, 1.04a1.05, nominal; cob corn, 5.0085.25 Oats—No. 2 white, domestic. spot, 85, nominal; No. 3 white, domestic, spot, 53a54, nominal Rye—Nearby, 90295 Hay—Receipts, none, While bay is arriving here in limited quantities only, it is more than enough for the demand, which is being supplicd mostly by truck from nearby points, a few carloads be- ing received. There is not enough busi- ness passing to establish prices on the various kinds on merit at a range of 13.00216.00 per ton for timothy or clover hav. Straw—No. 1 wheat. 12.00a12.50 per ton; No. 1 oat, 12.50a13.00. Live Stock Market. Cattle—Receipts, 125 head: light sup market steady. Steers, choice, 13.00 1o 13.75; good. 12.00 to 12.75: medium. | 11.00 to 11.75; common, 9.00 to 10.25 Heifers, choice, 1150 to 12.50: good. | 10.25 to 11.00; medium, 9.00 to 10.00: ¢ common, 7.75 to 875. Bulls, good to | choice stable. 1000 to 11.00; fair to, £00d. 9.25 to 10.00; common to medium. | 800 to 9.00. Cows, good to choice, 9.50 to 10.25; fair to good. 8.00 Lo 9.25; com. mon to medium, 5.00 to 7.7 Sheep and lambs—Receipts. 150 head: fair supply, market steady. Sheep, 2.00 10 7.00; Spring lambs, 12.00 to 16.50. Hogs—Receipts, 500 head: light sup- ply. market higher. Lig 11.80 heavies, 11.40 to 11.50; medium, 11.85; roughs, 7.50 to 10.30; light pigs. 10.75; | pigs. 11.60; trucked hogs, 15 to 30 lower than_quotations. | Calves—Receipts, 60 head: light sup- | ply, market steady. Calves, 5.00 t 00; no extras. BANKERS’ ACCEPTANCES | T0 FEATURE STATEMENT | Bpecial Dispatch to The Star. | NEW YORK, June 6—The point of | interest in today's weekly statement of the Pederal Reserve bank will be the ftems of bankers' acceptances. The financial district will look to this for evidence of the reported policy of the Federal Reserve Board in easing credit eonditions through the resumption of buying of bills by member banks after having allowed their acceptance port- folio drop below $118,000,000, or to the lowest figure of the yea: Positive statements have come from the New York Federal Reserve Bank en Real & UL Co pfd 89 ilbert (A C) ...... 41 ert pfd § eaner Comb Har . &P T A&P T C non-vic 400 igsby Grunow n.. 140% ound Grip_Shoe . 36 irip 8h prd. 37 c 8 Coip Hazeline Corp Hiram W Hiram WG Hygziade Food Prod Imperia Prod pfd Intl Project n ntl Shoe 7 Intern Uul B ; Intern Uil pfd Interstate Hosiery ne Air Chute Frasch Supcroow A I Superp deb stone Airciaft Kieln (D E: Kolsi efconrt Real Fred T 3 Loudon Tin rets. ... one Isl Lt uisiana Ln & Ex.. Marr_Stores ancel Stores 3 ; Manhattan Rubber . 1 Manning Bow A 218 Marconi Intl Mar 6'Marc Wire Lond B ion Stm_ Shov ‘ 1 6 5 7 Gas’ Mirs Sec H 1 Merritt Chap & 8 1 Metro Chain Sirs 7 Midland Roy conv pid 30 2 Mid " West” ULl 2Miller (I & Sonk Minne Hon Reg 7Minn Mol Pw Imble 1 Min Mol P Im cvi pfd 29 Miszouri ¥an Pipel IMack 1V 5 37 Mohawk ‘Hud Pow. . 3 Mohawk Hud war . i Moody Inv Serv b pid ] A : Merch Ser A..... Pub Ber A 37d.. Rub Mach. that it has not been buying bills the past week and that it has no present intention of changing its policy toward gredit through such purchases. It is believed, however, that other banks in the system have been buvers and that the total to be repor'-' ~-~ by the 12 banks will be ab: e of A wesk ago. 8 North Am ' Util Ser 413 North Eastern Pow . Nor Sta P A o 178° Northam War pfd bt L. 172 a8y 83 407 2 2 Northw Engrg 3 7 0l Blecks A Sales in thousands Am Maracaibo Co ... i Carib S8vnd Cosden Ofl Columbia_ Svid Cons Roralty Creole Pete Darby Pete 5 Derby O & Ref Guit_ ol Pa Homaokla Ofl Houston ntercot Leonard Lion_Oil S Mngdal Syod 100l Mount I New Mex Ariz N Y Pele Rov 3Pac Western Ol Pandem Oil Pantepec Oil Relter-Fester Ol Gavoy Ol 1 Transc Oil' pid 2 Venesuelan Pet 3 Woodiey Pet Land STANDARD OIL ISSUES A MER S8UBSIDIARIES--S' D units 100 Anglo Am O] . 100 A A O non vic . 2300 Cont Ol 50 Furen P T 200 Humble O & P 360 TP L 3800 Imp O Can n wi . 100 Imp O Can 100 ind P 1. 200 Int Pet’ Lid 200 Nat Transit 2100 Ohio_ Ol 500 S0 _Penn Oil 31008°0 Ird 3008 O Kanses 13008 O Ky n S BONDS, 3 A8 Power 4'is "67... 92'% 4 Aliled Pk 68 39 47 19 Alum_ Co Amer 55 ‘32 101% Commonw 65 44 Gas&El 55 2028 PALL 65 2016. P&LL 65 2016 Roll Mill 55 El Pow 5 8 A% Bim Hard 6, 8 AT FrUIC 88 149 5 Bates Val B 14 Beacon Oil 6 6Bell T Can 55 A 6 Bell T Can 3¢ B '57. 100 1 Boston Cons G 5s '47. 100 1Can Nat Ry 75 F '35 108 L' ‘ent States E1 56 48 Cent 8P &L 5,553 . hiy R cfs den'3s L 55 i 43 947k it Serv Pow 8¢ '32 415 ‘ons G Balt 515+ E'52 105! 1 Cons Tex s 41 14 Cont'l’ G&E 83 1 Cont’l OIl 5las 1Cudehy 55 ‘46 1 Cudahy 8128 '37. 0. 8Det City G 6sh'4il. 3Det City GSsB'60. .. 2 Pirest CotMil s G Eirestone TAR 3543 5 B 14 1Gulf Stated V 55 A ‘36 94 wulovanza o e 100 " 100 o 2 | choice, 12.50a13.60. 2 | 418 June | CHICAGO LIVE STOCK MARKET | CHICAGO, June 6 (#) (U. S. Depart- ment of Agriculture).—Hogs— Receipt 25000 head, including 4,000 direct; strong to 10 higher, mostly 10, on hogs scaling 240 pounds; top, 11.00 paid freely; bulk of good and choice, 160-280-pound weights, 10.60a11.00; butchers, medium to choice, 250-300 pounds, 10.15a10.80; 1200-250 pounds. 10.35a11.00; 160-200 | pounds, 10.15a11.00 130-160 pounds, ! 19.85a11.00: packing sows, 9.00a9.75; | , medium to choice, 90130 pounds, 5810.60 Cattle—Receipis, 8,000 head. Callves Receipts, 3,000 head. Firm to higher | market on all classes better grade | | steers, 10a15 higher; top, 12.20; heavy | stesrs, 15.00; yearlings, 14.80; slaughter | classes steers, good and choice, 1,300- 1,500 pounds, 13.60a15.25; 1,100-1,300 pounds, 13.75a15.25; common and me- dium. 850 pounds up, 11.00a13.75; fed yearlings. good and choice, 750-950 pounds, 13.50a15.25; heifers, good and | choice, 850 pounds” down, 13.00a14.75; | common and medium. 9.50a13.00; cows, good and choice. 9.75a12.25: common and medium, 8.2589.75; low cutter and | cutter, 6.50a8.25; bulls, good and cholce | (beef). 10.25a11550; cutter to medium, | 7.75810.25: vealers (milk fed), good and | choice, 12.5015.25; medium, 10.00a 1250; cull and common, 8.00a10.00; | stocker and feeder steers, good and choice (all weights), 12.25a13.25; com- | mon and medium, 9.75a12.25. Sheep—Receipts, 11,000; slow, steady: native lambs, 16.00a16.50; yearlings 11.75a12.25; fat ewes, 6.00a6.75; feeders, nominal; lambs, good and choice, 93 | pounds " down, ' 15.50a16.60; medium, | 14.25a15.50; cull and common, 12.25a 14.25: ewes, medium to choice, 150 pounds down. 5.75a7.00; cull and com- {mon, 2.50a7.75; fecder iambs, good and 1 DIVIDEND VOTED. | The Norfolk Southern Railroad has | declared regular semi-annual dividend | of $1.25. payable July 3 to stock of record June 20. Six months ago the road renewed dividends on the issue at the yearly rate of $2.50. At that time it also de- clared an extra of $1. CHAIN STORE SALES GAIN. NEW YORK, June 6.—Nineteen chain store systems reporting for May show aggregate sales increases of 23.5 per cent and of 13.2 per cent for the first five months of the year over the cor- responding periods of 1928. e July : September ' December LARD July September October RIBS. July September COTTON CLOSES HIGHER. | NEW YORK, June 6 (Special) . Further rains in Texas and Oklahoma | with yesterday's weekly weather report stating the dry weather was urgently needed, stimulated buying today and mgar months on the cotton exchange advanced to highest prices of the week. After an untroubled early trade, prices loomed up until October sold within a point of the 19-cent level, a rise of 30 points, before the market | eased and final quotations were 5 to 8 | points better on the day. Spots were advanced 5 points to 19 cents. Cotton range: July October L new . December January March ... ey SHORT-TERM si(!‘UBITIES. (Reported by J. & W. Sellsman & Co) Bla Chalmers Co. 5s 1937...... "883 num Co. of Amer. 85 1933 10014 American Tel. & Tel. Co. 48 183 - Armour ¢ Co. Del. 8735 1943 - Baltimore & “Ohio 4743 1033 .. Batayian Pet. Corp. 413 Bell'Tel! of Ganads 5s 1933 Callr. Pet” Corp.: 8.8 1938, . . Canadian Nat. Rwy. 4133 1330 Canadian Nor. Rwy. 413s 1935 Chesa. ‘& Ohio Rwy' 4138 1830 Chicago Rock Isiand 451934 il 3! Uason Ry 75 Edison 1. TI. Boston 428 1930 Gen. Mot. Accep. Corp. 6 1037 General’ Pet. Corp. 53 1040. ... 1 Goodyear T & R. 58 1987 Grand Trusk Canada 68 GUIf OIl of Pa. 88 1837 o " Humble Ol 8% 7932, 1> Internac Mateh Corp! 3y i9di Qregon ahort Line gs 1039, . Piillips Pet. o, $tes 1030 Pure ‘Ol ‘Corp. 3198 1937, . Sheil Union il Co: 5a 1947 Sinclir Crude Ol Co. 8128 1938 Standard Ol N. Jersey 54 194 SiMLTE i E 8o, Ry 4 80 L7 Southwestern Ry. 48 Swifi"& Co, 5 1033, " Uhion OIl Go, ‘of CAlif. 54 i United Dy : Western Electric Corp. s 194 Wheeling Ateei Corp. 52 1048 FOREIGN EXCHANGE. (Quotations furnished by W. B. Hibbs & Co.) Nominal gold Selling checks value (or par). today. London, pound. 548665 34.84° Paris, franc 193 TRIEASURY CERTIFICATE (Repoi~d by J. & W. Seligman & Co.) Eeoo frity Bld. Offer. 4% Sept 1 1 1 1 1 1 1 1 1is Der. Brussels, beiga . Berlin, mark Rome, pesels schilling. . udapest. pengo. . . crown (nom.) . -_ e S e GLASSWARE PLATED SILVERWARE POCKET WATCHES NOVELTY GIFTWARES ALI. SEMI-PRECIOUS REAIL. STONE NECKLACES ALL LEATHER FITTED TRAVELING BAGS Make Your Selections at Once! BY JUNE 29th ALL SALES FINAL 0% OF EVERYTHING ELSE IN STOCK 0% 50% NO EXCEPTIONS ENTIRE STOCK MUST BE SOLD B e [ R e e I e S e Whitmore & Co. 1225 F Street On F Street Near 13th