Evening Star Newspaper, May 4, 1930, Page 81

CURB SHARES DROP INSALE BARRAGE Record Saturday Session for Year Witnesses General Slash in Values. BY JOHN L. COOLEY, Associated Press Financial Writer. NEW YORK, May 3.—Enormous Hquidation of curb stocks carried prices of leading issues down 2 to 10 points in a stormy two-hour trading session today. Sales aggregated 1,537,100 shares, the largest of the year, and the heavy volume had pushed the ticker 42 minutes behind the market at_the close. ‘The pressure was insistent from the opening gong, when several large blocks ‘were offered at sharp concessions from yesterday's closing prices. Bear traders pursued their advantage as resistance proved weak and continued to pound away, especially at the utilities. Cov- ering operations toward the close were of slight consequence. Electric Bond & Share, opening vmh & 16,900-share block at 102} m slumped with few attempts ' n iy and closed at 957, off 9% on the day. Cities Service was another target for the short interest. The h-un-t transaction was & block of 40,200 shares at 37's, nearly a point lower, but the decline from the open- ing level was steady and a final drive in the last quarter hour hammered the prlce down to 30, & net loss of 7}z points. American Superpower and Niagara- Hudson Power displayed moderate re- sistance in the earlier dealings, but lkewise succumbed to the final raid, falling 4'4 and 115, respectively. Amer- ican Gas & Electric lost 5, Middle West Dtilitles, 335; United Light & Power A, 2%, and United Gas, 3!g. United Pow- er & Light was firmer, yielding only half a point net. Ofls and industrials were heavy. In- vestment trust stocks were sold in large volume as traders sought funds for impaired margin accounts on this market, as well as on the big board. Goldman Sachs Trading and United Founders broke 2 to 3 points, the latter making a new 1930 low. RECORD DATE FIXES RIGHTS ON VOTING Minnesota Court Rules in Case Similar to Steel Merger Dispute. ‘The Supreme Court of the State of esota has recently handed down 8 decision in the case of Dennistoun V. Davis, which is particularly interesting in that it involves questions similar to those raised in the recent Bethlehem- ‘Youngstown merger dispute, involvin the right of persons who are recor holders, but who had sold their shares prior to the meeting, to vote against the objection of the purchasers of the shares in_question. ‘The case also covers a second ques- tion involved in the Bethlehem-Youngs- town merger dispute, namely, the right of ;mchum of stock subsequent to the date to vote proxies which they have obtained from the holder of record. The court discussed the general right | to vote of & record holder who has sold his shares. It was decided that under the Minnesota statutes a “stockholder” ‘who has sold his shares is not entitled ;:‘ ;ow even though he remain & record ler. —— YOUNGSTOWN STOCK BARRED FROM VOTING BY the Associated Press. ‘YOUNGSTOWN, Ohio, May 3.—Off-| elals of Youngstown Sheet & Tube Co. said today that their action in suspend- ing from transfer all stocks whose hold- admndtd cash Ialmwnnecllon '}fll: company's pending merger witl Bethlehem Steel Corporation will mean that such stock is prohibited from vot- ing and from drawing dividends. Observers saw two posslhllltlea if this statement holds good. One is that at & meeting of directors called for Mon- day directors representing the Cyrus S, Eaton interests may be ousted. Eaton is leader of the anti-merger forces. At 8 recent directors’ meeting four members, including Eaton himself, were elected to represent his interests. ‘The other question is the ability or ess of merger opponents to con- fi.nue & long legal battle while millions NEW YORK, May 3.—The following is today’s summary of important corp- oration news prepared by Standard Statistics Co., Inc, New York, for. the Assoclated Press. The Industries. Rallroad equipment—General Amer- jcan Tank Car has ordered 500 refrig- erator cars from Union Refrigerating Transit. Baldwin Locomotive has re- ceived order for four switching locomo- tives from Indlanapolis Union Railway. Steel—Youngstown Sheet & Tube and Republic Steel operations to continue unchanged next week, at 65 and 70 per cent of capacity, respectively. The Companies. American Commercial Alcohol earned 45 cents on common stock in"March quarter vs. 75 cents in like 1929 period. Chicago & Alton Railroad—Circuit Court of Appeals sustained order for foreclosure and sale of road entered by Pederal Judge Carpenter. Chrysler Corporation—Current dealers stocks only 71 per cent of last year. Cutler-Hammer, Inc.—Acquires Union Electric Manufacturing of Milwaukee. Detroit Gasket & Manufacturing earned 52 cents on common stock in March quarter vs. $1.28 in like 1929 pe- riod. Eastern Air Transport, Inc., carried 55,316 pounds of airmail between New York, Atlanta and Miami in April, lgllmt 48,782 in March. In two years of operations, to April 30, carried 765, 253 pounds mail. Edison Bros. Stores’ April sales up 68.9 per cent over a year ago; four months’ sales up 29.4 per cent. Follansbee Bros.’ shipments up 12 per cent in first 26 days of April. Goodyear Tire & Rubber starts regu- lar_production of Goodyear airwheels with its speclally designed tire for air- planes, National Acme to produce hubs and brakes. International Printing Ink new com- pany to be formed through consolida- tion of International, and the Dyestuffs & Chemical Division of Newport Co. Terms of consolidation call for acquisi- tion by new company of all securities of two companies through share exchange. Isotta Fraschini Automobile earned $1.10 on capital stock in 1929 vs. 88 cents in 1928. Lond Island Railroad March net op- erating off 24 per cent from year ago; 3 months' net off 20 per cent. Marlin-Rockwell earned $1.03 on com- mon stock in March quarter vs. $1.94 in like 1929 period. Missouri Pacific Railroad earned $10.42 on common stock in 1929 against $7.15 in 1928. Murray Corporation of America April output 16,000 bodies, largest of year. Ford volume currently calls for 5,000 frames and 9,000 fenders daily. Phillips Petroleum swckholders of rec- ord May 15 receive rights to subscribe to 675,609 shares authorized stock at $32 a nhm'e in ratio ona for four held. Pro- ceeds for reimbursement of treasury and extension manufacturing activities. Seeman ,Bros, earned $1.05 on com- mon stock in March quarter against $1.62 in like 1929 period. Nine months’ earnings to March 31 were $4.54 com- morix share, against $5.11 in like previous i peThompsnn products earned T4 cents on common stock in March quarter against $1.41 in like 1929 period. ‘Western Union Teleguiph base charge to be increased 30 per cent for new high-speed tickers. P. W. Woolworth Co. had 1,846 stores in operation in United States, Canada and Cuba on April 10. English subsidi- ary had 390 stores and German com- pany 50. Fox Film declares quarterly $1 cash dividend on A and B stocks due to have been paid April 15. Scrip issued in lieu of January quarterly cash dividend to be redeemed May 15. General Motors Oldsmobile_division shipped 9,432 cars in Apri] against 7,676 in March and 15,752 in April, 1929, NEW YORK BANK STOCKS NEW YORK, May 3 (Special). —With the collapse in the stock markets, bank stocks broke to new low levels for recent weeks in counter trading today. Closing prices were: Chase National, 159 off 3; Nntlon-l City, 193, off 10; Eq\lltlbl 126, off 3l2; Guaranty, 735, off 4 America, 136, off 3; Bankers, 155, off Bank of United States, 66, L oft 2V Hanover, 383, off 2; Chemical, 76, off off 5; Continental, 36, up }; Corn Ex- change, 202, off 3; Empire, 86, off 5; al, 5,900, off 450; Interstate, 50 off 1; Irving, 58, off 1%,; Manhattan, 15, ‘Those unchanged were Manu- hcturer:, 130, off 13; New York Trust, 282, of 1d Publi off oy ELECTRICAL EQUIPMENT. NEW YORK, May 3 (#).—The Elec- trical World reports that business in electrical equipment markets developed a slightly steadier tone during the past week. Several companies in the equip- ment fleld are reported to have reduced prices, but there is little indication as dollars worth of their stock was filwlnl no income from dividends. et that this has materially stimulated usiness. WEEKLY FINANCIAL HIGH LIGHTS (Pinal three clphetl cmimd in lbmle) Onr loadings week ending April Crude ofl production (barrels). Stock sales (N. Y. Stock Excha $213,373,000 HOW IS B ‘This week. Last week. Same veek ‘29 $4,274,000 34, 21" 000 82.5% 8% 'l .. % $150,730 2,812,030 985,829 12,477,384 1,005,880 2,650,650 22,723,910 $47,978,750 $84,289,000 $529,509 3,072,660 233,452 11,422,011 $527,388 3,046,400 211,491 9,381,577 911,310 2,560,900 27,760,630 24,607,880 $67.807,000 $53,759,000 $135,627,000 3-4% 315-4% 3%-4% 4-4%% 3%-4% 3%-4% USINESS? Showing Current Business Activity Compared With Same Week Last Year GENERAL BUSINESS ACTIVITY for the country indicated by bank debits outside New York City. Sh ares Previous year. show weeks of activity above the corresponding weeks of the k areas Indicate declines from same weeks 12 months earlier. ACTIVITY BY FEDERAL RESERVE DISTRICTS. Check transactions mpared with the same week a year a Cleysland |~ Richmond n-u-- LEADING BAROMETERS. Showing trend of Business in dollars (checks cashed) . Employment (Department of Labor) . ‘Wages (Department of Labor) . Cost of living (Industrial Confes ‘Wholesale prices (Fisher's Index) . Agricultural prices (Departreent of Movement «f goods (car loadings) Retail trade (Federal Reserve Boa ‘Wholesale trade (Federal Reserve Boa Fallures (Dun’s) (Annal important fact Present trend. Downward Downward Upward Downward Steady Downward Upward Downward Downward 'WEEK ENDING MAY 3, 1930. zast Week This Year. 8,155,600 98,717,900 8,049,226 97,183,790 Net Total number of shares sold. Same period a year 8g0.... —r High. 10% Aoessvasios: 52% Co vte (32). 3% A’nautical Ind war. Aero Supply Mfg B). Aero Underwriter: Agfa Ansco. Agfa Ansco pt %z Afn'worth Cor (32%) Afr Inv Ine, vte. . Alr Investors (war). Alr Inv Ine, vt con pf.. 22 Ala Great Southern(17). 126% Alabama Grt So pf (11). 134 Ala Pwr cum pf (7)..... 114% Alabama Power pf (6).. 10¢ Alexander Indus 3% High Low. Close. dividend. Allison Drug Strs B Aluminus Co of Am. Alum Co Am pf (6). Alum G'ds M (1.20) Aluminum Co. Ltd. Am Arch Co (3).. Am Beverage Corp. Am Book (7) Am Brit & Cont. e FEFEFEFEE F Am Cit P&L A (a8). Am Cit P&L(B) (b10%) Am Colortype (2.40).... Am Cmwlth P A(b10%). Am Cwith PBb10%.... Am Comwith Pwr war.. Am Control. . Am Cynamid (A)(1.60).. Am Cyan B (1.60) (SRR R R RS - an & Am Hard Rubber (§), Am 1nv, Ine, B... Am Inv, Inc, war. Am Laundry Mach (4).. Am Lt & Tract (10) Am Lt & Trac (new). AmLt& T pf (6). Am Mfg Co (4). 0~ L < Am Pneu Svc 2d pt (3).. Am Public Service pf(7) Am Salamandra (3) Am St P S A (1.60) Am Superpower (1) ‘Am Superpo pf (6). Am Sup'p 1st pf (6) ‘Am Thread pf (25c) Am Ut&Gen B vte (4 Am Yvette (new) w. Amrad Corporation. ‘Anchor Post F (b10%). . Anglo-Am vot cod (73¢). Anglo-Am non-vot(73c). Anglo-Chilean Nit Appalachian Gas ‘Apponaug Co (2). . Arcturus Radio Tub. ... Arizona Globe Cop. . Bs"s"e [ AR o e FREEZLF FF e FEF (EENERE RN i Ark Nat Ga: Ark Nat Gas A. Ark N G cm pf (60¢). ... Arkansas Pwr&Lt pf(7) ‘Art Metal Works (3). i Asso Dyeing & Ptg. Asso Elec Ind (30c) Asso Gas & Elec (new). Ass0 G & EL A (12.40).. ey Asso Gas & Elec ct. Asso Laundries (320¢ Asso Rayon. Asso Rayon pf Asso Tel Util (b1%) At Coast Fish (1.40). Atlantic Fruit & Sug Atlantic Lobos Atlantic See Corp. Atlas Plywood (2) Atlas Utilities Corp. Atlas Utilities (war). Auto Music Inst(A) (1). Auto Vot'g Ma cv pr pt.. Aviation Corp Am fon Credit. (CERE et Aviation Securitle Axton F T, A (3.20. Babcox & Wileox (19) Bahia Corp..... Bancomit Corp, n(1.60). Baumann (L) bt (T)eeee Bellanca Afrcraft.... Bell Tel of Can (8). Benson & Hedge: Bickfords, Inc (1) Bickford Inc pf (2%) Bliss Co (E W) (1). Blue Ridge Corp. . Blue Ridge cv pf (a3) % Blumenthal (S). Blyn Shoes, Inc. Bohack (HC) (2%).. Bourjois, In¢ (1). Bower Roller Bearing Bowman-Bilt. Hotel Brasil Track & L (3). Brill Corp, A (§6¢)... Brillo Manufacturing... Brit Cel Ltd rets...... Brown F & W (A)ov 3,40 Buckeye Pipe Line (4).. Buffalo, N&EP pf(1.60) Bulova W ev pt (3%)... Bureo, Ine. Burco, Inc, war. Burco, Inc ev pf (3) Burma Corp. rcts (t31e) Butler Brothers (30¢)... Buzza Clark Inc. . Bwana M Kubw Cop [} Feerrs - I+ +0+bi+++1000 00 IV Cable Radio Tub vte. Cabl & W Ltd. A rets. Cabl & W Ltd. B ret C & W pf rets (27%¢, Camden Fire Ins (1) Canadian Marconi FEFFEFFFE F§F FIEFFFEFEF RS A BRI e Caro Pwr & Lt pf (7). ng n-v A (1) Corp...... Corp pf (T). Celanese 1st pf (17%).. Cellulofd COrp.....eee Celluloid Corp pf (1) Celluloid 18t pf (1 Central Atlantic suu : Cent & Swat Util (b6) Cent Hud G&F, n(80¢).. Cent Pub Sve. Del. .. Cent Pub S(A) (al. 76).. Cent States Elee ($40c). Cent Sta El cvptn (6).. Cent States El pt(6)xw. trifugal Pipe (60¢c) . in & Gen Equitie Chain Stor Development Chain Stores Stock. 22% Charis Corp (13). PO+ 4410+ g 213% Chatham Phoe Al n- Hir Ches & Ohlo n wi % 2 11 e S Chicago Corp (The) Childs Co. pf. (7). Cities Service (130¢)... Citles Service pf (6). ..o Citles § Pr & Lt pf (7).. City Mach & Tool (+2).. City Sav B, Ltd (2. 79) Clark (DL) Co (1%) . Clev Eler lum (1.60).. Cleveland Tractor 1.60.. Clinchfield Coal. Club Alum Utensil Cohn&Rosenbergerl ne,. Colombia Syndicate Colon Oil Col Ol & Columbia Pictures. ey FRR"sEF TR N2} ¥ 22 TR FEEFPGREER B P nsol Auto g:nlnllfllt.d Copper. ... Cons Dairy Prod (2).... on Gas of Balto (8.60) Con Gas, Balto pf A (5). Consol Gas Ut A(2.20). Consol Gas \ml n. vte. Cona Inatrum 3 ns Lanndrie g:nnn! Nevada-Utah. Con Retall Stre (1). Consol Royal (60e)..... Contl Gas&El pr of ;n. Bosa ptA(B)wnes "TERVERIL LRt Vo ki g ey —1980—— High. Low. 11% 16% Stock and @tvidend. Copeland Prod Inc A... Copper Range (2) . Cord Corp.. Corroon & Reyno .. Crn & Rnlds pfA(6) Cosden Ofl....... Coty, Soc Anon rets Courtaulds, Ltd (50¢) Cresson Cons (8¢) Crocker Wheeler. Crowley-Miller (2). Crown Cen Petrol. o Crown Cork&S pf(2.70). Cuban Cane pr opt war. . Cumbeland P L(118). Cusi Mex Mining...ceeee 7% Darby Petrol (1).....vw Davenport Hos (2). Dayton Airplane & Eng. Decker Record Co. Ltd. . Deere & Co (36) . Deere & Co (11.20) De Forest Radlo. DeHav.Alr 1td ret Derby Ofl & Refin. Derby Oil & Refin Detroit Alrcraft Cor. Detroit Gasket (1.20 Devonfan Oil. Dix Gas & Util! Dixon (J) Crucible (l).. Doehler Die Casting. ... Douglas Afreraft (76e). Dow Chemical (2).. Draper Corporation($6) . Dres (SR) Mfg.A (3%). Driver Harris (new). Driver Harris pt (7). Dubilfer Cond &Rad Duke Power (25)... Durant Motors. Duval Tex. Sul. w.i. East G & Fuel Asso t G & FIAs pf(6). East Sts Pow B (1). Eastern Ut{l Asso (2) Eastern Utll Asso cv. Eastern Util Inv (A). Educational Pictures pf. Elsler Electric (1%).... Elec Bond & Share (b§). El Bond & Sh pf (6) Elec HouseUti1 (2)... Elec Pow Asso (1). Elec Pow Asso A (1). ElIP& Lopt war... Elec Shareholding (31) El Sharehldg pf (6).. Emer Bromo Selz pf(3). Empire Power Corp (2). Emp Pub Serv A (1.80).. Empire Steel Corp.. Emplyrs Reins(1%). Engineers Gold. .. Eureka PipeLine(4) Europ El Ltd.A 60c Euro Elec, Ltd deb rts. Evans Wall Lead. Fabrics Finish Fajardo Sugar.. Falcon Lead. . Fandango Corp. Fansteel Prod. Fedders M{g Co (A).es Federal Baking Shop. Federal Screw (3).. Federated Metls (11%) Ferro Enamel A (14%).. Flat receipts (1.25). Fiat Stk deb rts. Film Inspect Mach. Financial Iivest N ¥ Firemen's Fd Ins (5). First Nat Copper. Fischman & Sons A Ford Mot, Ltd (37%¢ Foremost DairyProd. Fmst D Prd pf(1.60). Fox TheatersClassA . Franklin Mfg (2). French LineB(2.54).. Galena Signal ctfs Garlock Pack (1. Gen EcGerm rets (1. Gen E Ltd rets(50c) Gen Empire Corp. Gen Fireproof (123% Gen Gas&El cv pt B (6).. Gen Indus Alcohol...... Gen Laundry Machine. . Gen Petroleum Corp wi. Gen Tire & Rubber (16). Gen W W & El A(2) 4 GeorglaPowerpf(6) 1 Gerrad (S A) Co (1.50).. Gilbert (AC) (1)....... Gleaner Comb Harv (2). Glen Alden Coal-(8) 1 Globe Underwriteri Gold Coin. Golden Ce: Goldfield Con Goldman Sachs t.e. ( Gold Seal Elec new. Gorham, Inc pf (3). Gotham KnitbacMch. ... Gramaphone rets (2.91). Grand Rpds Var (1) 4 Graymur Corp.... 260 2204 122 116% 97 90 144 11% 49 364 5% 3 29% 275 1667 131% 28% 28 16% 13% 45 24 1A 8 18% Groc Store Prod vte. . Guardian F Assn (2). Guardian Invest Guenther Law (2) Gulf Ofl of Pa (1%) Gypsum Lime A (1%) Harbishaw Cabl Holt (H)&Co (1.80). Homaokla Ofl. Hormel (Geo) (3) Horu&Hardart(2%) Houston Oll of Tex % Hudson Bay Min & 8. Humble (2). .. Huyler Sts of Hydro El. Sec.(2). Hygrade Food Prod Imp Of] Can n (50¢) Imp Oll Can reg (50c! Ind Pipe Line, n (12%4), Ind Terr 1ilu Ofl (B).... Insull Util Inv (b8% ) Insul Ut Inv2d p2(6).... Ins Co of No Amer (13). Insurance Sec (1.40).... Intercoast Trade Co.(1). Intercont Pete new. . Intercont Power A (2) Intl H & Inc Co(10c) Intl Petroleum (1).. Intl Products. Int'l Products pf. (8). Int Safety Ras B t3. Intl Superpower ($1). Intl Textbook (75¢) Internatl Utll (A) (3%) Internatl Utilities (B) .. Internatl Utilities(war) Irving Alr Ch Italian Superpows Ital Superpower war. . Johnson Motor Co mumury.msn o T Landay Brothers (D) s . &% Jonas & N em pf (3) Kirby Petrolenm. .. Klein (H) pt of (31.2 Kleinert Co (2%). Kolster-Br( Am shs Koppers (& C pt (6). Lackawana Sec (4)...,. Lake Superior COrp. + ees & Rk = VR 5 o 1 G T +1+4+ {5 W R +1+ (o T {1 o S T T A | i+ seesferss FEF | [Ty F +1 s = e ] +1 2 s | U (e Tl T #Faey xFxaET25Y w & 1+ sFes Fi FeF 2 "B #RexP e 8 - * ¥ —a e 3 =FEE Low. Stock and dividend. 21% Lane Bryant, Ine (2)... 23% Langend Un Bak B (2).. 14% Lefcourt Realty (11.85). 29 LefcourtRity pf(3). 38% Lehigh Coal&Nav(n 1% Leonard Ofl. 16% Libby McNelll & L. 8 Liberty Baking Co: 17% Lily Tulip Cup 1% 18% Lion Oll Refin (2) 34% Lone Star Gas (l) 40 Lon: Isl Light (600) ee.. 107% Lo 1Lt pt (7)., 3 Lollll na Lan & Ex. 18 MacMarr Stores (1).... 28% MacMillan Pet(13)..... % MagdalenaSyndicats 70 MangelStores pf (6% ).. 14% Manning-Bow A (1%).. 8% Manning-Bow B (50c) 22 Mfg Finance Co v.t.c 37 Mapes Cons Mfg (3) 9% Marconl Int Mar (52 12 Margay (2). 32% Marine Mid Cj 10 Marion Stm Shov 8% Mass Util Asso. 1 Mavis Bottling. 48 Mayflower Asso (12).... 20 May Hos cum pf (4).... 15 McCord Rad B (2) 55% Mead Johnson (13%)... 10% Memphis Nat GasCo. ... 16% Mer&MfgSecA(1.60). 17% Mer Chap & S(1.60).. 1% Mesabi Iron. ....... 267% Mesta Mach Co (11.70). . 8% Met & Min Inc(1.20). ... 36 Met T Cor ptpf (13%).. Met Chain Store 2 Mexico-Ohio Ofl 8 MidStsPetv.tc.A. ... 4% MId Sts Pet v.tc. B, 22 Midl United(b1% % 25 Mid Wst Sta Util (1% 25% Mid West Util (b8%) 1% Middle Wst Ut war(A). 314 Middle Wst Ut war (B). 6 Midland Elec Supply.... 16% Mid Royalty ev pf (2).. 19 * Midland Sti Prod, n (2). 50% Midvale Co (4)... . 27 Miller & Sons (2)...... 1% Ming Corp Can (26c).... 18 Miss River F Cp war. ... 18% Mo Kan Pipe L (b10%). 19% Mock Jud VOhTEF(2)e... 11 Mohawk Rubber (3).... 1% Montecatini deb rts..... % 181 Mont Lt H&P (2.40) 38 Moody's1S ptpf (3)... 37% Morison Elec ($1).. % Mountain & Gulf (8e) 6% Munieipal Service. 16% \m:hmln Spring (2). 13 Nat Bancservice (5). 44% Natl Bond & Share. 105 Nat Dairy Prod pf A(7). 29 Nat Elec Power A(1.80). 16 Natl Family Strs (1.60). 20 Nat Fam Strs pf (2).... 14 NatFoodProdA(2%).... 27% Nat Food Prod B(b2%). 25% Nat Fuel Gas (1). 124 Nat Investors new. 1% Nat Leather. 11% Nat Mfrs & S 100% Natl Pwr & Lt pt wu». Nat Power & Lt pt (1) 4 Nat Pub Serv (A) (1 lm. Nat Rub Mach (2). at Screen Service (2).. atl Short Term Sec A. . t Steel Corp, xw (2).. atl Steel (war) . 8% Nebel (Oscar) (1%). 108% Nebraska Power pf (7) 13% NeetInoev A (1.60).... 16% Nehi Corp (1.30). 26 Nelson (Herman) ( 60 Nevad: 100% Neva 36% Newberry(JJ) (1.10) 95 Newberry (JJ) pf (7). 2% NewBradfdoil(.50)... 3 New Eng Fuel new. 90% New England Pwr (2).. 88% New Eng Pow pf (6). 144 New England T& T (8). n Clock(11%) ey Zine (123%). 31 New Mex&Ariz Lan. . 105% Newmont Mining ($4).. 24 Newport Co (2)........ 11 NY & Hon Ros (11%). 15% N Y Hamburg (2%).... 19% N Y Merchandise (2). 10% N Y Pet Rovalty (1). 96% N Y Power & Lt pf (6).. 8 N Y Rio&Bu Air N Y Tel pf (634)... 19% Nlagara H Pow(40c). Niag H Pow A war. Niag Shares, Md (40¢) . 27% Niles-Bement-P (12%) 1% Nipissing (30¢). 12% Noma Elec Co (1. 25% Noranda Mines (3). 32 Northam W cv pf (3)... 2 Nor Am Aviation A war. 3 North Am Cement. €7 NoAm Lt & Pwr (b8%). 5% North A Util Sec. 674 North Cent Tex (606). .. 95% North Ind PS8 pf (7). 168 North Stat Pwr A(8)... 9514 Nor States Pwr pf (6). 95% North S Pow pt (7).. 211 North & Sou AmCor p A. 2114 Northwest Eng (2). 80 Norwich Phar Co. 22% Novadel Agene (2)..... 78% Ohio Brass B (6)... % Ohio Copper. 66% Ohio OIl (4). 103 Ohio Oll, new, cu pf w.i.. 8% Oilstocks, Ltd A (350¢). 814 Oflstocks B ($50c) . 108% Okla Gas & El pf (7). 10% Outboard MotA (1.80) 34 Outboard Mot B. 15% Overseas Securitles (1)‘ 26 Pac Coast Biscuit (1)... 49 Pac C t Bis pt (3.60 12 Pacific Comm Co (1.40 ac G&E 1st pf(13). 2714 Pac Pub Ser (1.30) 12% Pac Western Ol 1 PandemOll..... 1% Pantepec Oil..... 5 Paramount Cab (b8% 35% Parke Davis (11.45) 25 Peninsular Tel Co. . Penn Mexico Fuel (2) 32 Peop L&P A(a2.40).... 42 Perfection Stove (4%) . 64 Perryman Electric. . 19% Petroleum Corp (134). 4% Petrol Corp war.. % Philip Morris Inec......, 13% Phillippe (L) B (11.80).. 914 Plerce Governr (13%)... 10% Pllot Rad Tube A (1.20) 35% Pines Win Ftn ($1) 10 Pitney B Pos n(20c) 111 Pits&LE (5)... 13 Pittsbgh Forgings(1 53 Pitts Plate Glass (2 2214 Plymouth Oil (2) 9 Polymet Mfg (31). 13% Pond Creek Pocahonias 6% Potrero Sugar...... 14% Power Securiti 38 Power Securitl % Premier Gold (l“!)...- . 28% Prent Hallcv (3)..ceeen 8% Prince & Whitely 1., 36% Prince&Whitely pfs. ... 14 Propper McCallum (2).. 14 PrudentialInv......... 8% Pub Util Hold Corp war. 17% Public Util Hold w w. 99 PugetS Pw & L pf(6)... 7% Pyrene Mfg (80c).... 15 QRS DeVry.. 16 Radio Products1... 77 Rallroad Shares Corp. 69 Rallway & LtS (16).... 12 Raflway & Utll Inv (A). 814 Rainbow Lum ProdA 3% Rainbow Lum Prod B, & Red Warrlor... 25% Reeves (Daniel) (13).. Ralter-Fouter (d00).oys: (D8% ) cwas 8 nlu 11% + % 8 % - % 20 -2 29 -8 44% — 2% 88 — 4w 12 -1 12% 12% - 1% 15 15— 1% 110‘& 110% + 6 !s'/. — 4% -2 60 6 — 1% 28% — b% 4%~ 1% § - % 17% — 2 10% — % 12% — 2% 354 -~ TH 14 % 4% 116:: 116% — 6% 18% - 2% aih, Tow. " _ Btock atvdena. 16% 16 Relia Intl Corp A wi. 16% Reliance Management. % Repetti Candy * 5% Reynolds Bros inc. 29% Rhode 1sland P S pf(2) . 21 Rich Oil of Cal p£(1.75). 6% Rike Kumler (3.20)..... w Roan Antelope Mines. 194 Rockland Lt&Pwr(92c). 2 Roosevelt Fleld, Inc. ... % Ross Stores Inc. 914 Rossia Intl Corp 55 Royal Typewrit 14% Russek’s Fifth Av 1.60 8% Ryan Consolidated 1 St Antony Gold. 106 St Regis Paper pf(7). 120% Safety Car H & L(8) 110 Safeway Strs w(2d) Salt Creek Cons(40¢). 6 Schletter & Zander: 2% Schulte Un bo to$1 8 2% Schutter Johnson (A) 58 Scovill Mg (4)...... 7% Seaboard Utilities 59% Sec Corp Gen new (4 20 635 Security Corp Gen (19 42% 364 Seeman Bros (3) 8% 5% Segal L & Hwde( 173 Selberling Rubber. 12% 7% Selected Ind. 841 66 Selec Ind75%pd( 71% 59 SellIn 76%prior(5%)... 2% 21 SelfridgePrvStr(27¢)... 9% 4% Sentry Saftey Control... 97 5% Shattuck Den Min . 59% bl Sheaffer Pen (13). 20 81 Shenandoah Corp. 481 33 Shenandoah Corp pf(ad) 79 41 Sterra Pac Elec (2)..... 3415 18 Silica Gelct. . 2% 6% 5% Sing Mfg Ltd. rc:s n. 5% 560 465 Singer Mfg (126). . 560 26% 16% Sisto Fin Corp . 23% 265% 181% Smith (A O) (2) 255% 33 2i% Solar Refining (3%).. 2 5 South Coast. 374 South Penn O 2814 SouthCalEd pfA(1 247 So Cal Edis pf (B) ( 223 SouthCalid pfC(1%) 23 SoColorado PwA (& 4% Southern Corp. . 4% So. Ice & Utilitles A 4% So Ice & Utilities B. 13 Southern Pipe Line (12 9 Southland Roy (1). 714 Southw Dairy Prod 7% So West Gas Utll. . 50 Southwest Pen P L (1). 2% 1 ' Spanish & Genrets. ... 36% 8314 Stand Cap & S new (2.40) 113 106% Stand Gas&El pt(7).... 22% 20% Standard Holding Corp. % Stand Motors.......... 497% Stand Oil of Ind (2%).. 33% Stand Oll of Ky (1.60). 44% Stand Oil of Neb (13%) 81 Stand Ol Ohto(2%).... " 117% Stand O1l Ohlo pt (7 62 StandPwr & Lt (2). 61 Stand Pwr & Lt (B) (2). 99% Stan Pow & Lt pf(7). 15 120 Standard Screw (8) 20 Starrett Corp.... 84 Starrett Corp pf (3) 16% Stein (A) & Co(1.60).... 81 Stein(A)&Co cupt(6% 10 Stein Cosmetics Inc. 1 Steinite Radlo. . 12 SterchiBrosSts(1.20) 7% Stinnes (Hugo). . 10% Strauss (Nathan) 913 Strauss Roth. 264 Stromberg C: 22% Stroock &Co3) 15 Struthers Wells 1% Stutz Motor Car 48% Sullivan Machine 14 Sun Investing. . 39 Sun Investing pf (; 5% Sunray Oil (40c). 46 Sunset Strs pf(334) 38 Superheater (13%4) 30 Swift & Co (new) (2) 31 Swift Internat’l (234).. 90 Swiss Amer EI pf(6) 6% Syrac W Mch B (1) 19 Taggart Corp (1) 54% Tampa Electric ($2). Technicolor, Ine. 45% 79 4 Thatcher Sec Corp. 18% Thermoid Co (3). 784 Thermoid Co pf (7) 103% Timken Det Axle pt (7). 41% Transamer ($1.60). 6 Trans Air Trans. 4% Trans-Lux DLPS A 4 Tri-contin’l Corp war. 5% Triplex Safety Gl 40 TriUtilities (31.20) 45 TriUtilities pf (3)..... 24 Trunz Pork Stores(1.60. 17 Tubsize Chatillon oy 20 Tung-SolL (2).... 381 Tung-Sol Lamp pf (3).. 17% Ulen & Co. 26% Ungerlelde: D 27% Union American Inv.... 26 Un Nat Gas, Can (1.60) % UnlonTobacco. . 81 Union Twist Drill (1) 16% United Amer Utilities. 10 Unit Carr Fast(1.20)... 32° UniChem pt pf (3)..... 14% Unit Corp war. % Unit El Ser pur war.... 80 Unit Founders (b2.36).. 19% Unit Gas Company. 18% United Gas new, 6% United Gas war. 384 United Gas c.o.d. 941 United Gas pt (7) 27% Utd Light & Pwr A 974 Utd Light & Pwr pf \e) 21 Unit Milk Prod. .. . 22% Unit Molasses, Ltd. hem. (A)... Unit Shoe Mach(13%4... 52 U S Dairy, A (5) . 13% U S Dairy B.. 14% U S Elec Pwr ww. 20 U S Finishing (32). 17% U S Foll Co. B (1) 2 U S Gypsum (1.60). 214 U S & Interntl See. ... . 60% US & Int Sec 1st pf (5).. 70 U S&Int Sec 3d pd (3%). 14 USLinespt (1).. 18% US & Overseas 42 7 US Shares Fin. 3% Unit Story 11 Unit Ver 10 Unite Wall Paper. 9 Universal Pictur 214 Utah Apex (50¢) 14% Utility Pw & Lt(al).... 38 Ul PAL (B) cttscal). % 1o Utllity Equities. 88' Vacuum Ofl (14%). 7% Van Camp Pack.. 10 Van Camp Packing pt 37% Veeder Root (2% ) . 8 Venezuela MexOll..... 21 Venezuela Petroleum. ... 8 Vick Fin Corp..ceaseaas 16 Vogt Mfg Co (2) 814 Waltt & Bond, B (1.20).. 4514 Walgreen Co, 25 Walgreen Co war. 8% Walker (H) (1). 215 Walker Mining (73c) 1% Watson (JW) Co. 81 Wayne Pump.. % Wenden Copper. 18% West Alr Exp (60¢). 27 West Auto Sup A(3) 90 Western Md Ry pf (1) 60 West Mass Co (2)... 3014 Western Tablet&Sta (1) 28 White Eagle Oil db rts 14% Willlams, R C (1.40) 6% Will-Low Cateterl: 3% Winter (Ben)... 2 Woodley Petrol. 2 Worth, Inc, A.eaees 3% 6 28% 20% Clev El 11L.. cash or stock. b Payable in Dividend rates in doll annusl oavmen: Kram s mm in PBODUCTION RECORD. An outstanding accomplishment that illustrates the possibilities of the insurance business is the work of Herman er, & life underwriter of Chicago, who has written more 5,000,000 of business during 40 years of activity as & His amounted to more 540 23 215 28% 39% 8% 3% 1% 1% June 2 28% 20% 21 hxaividena, rParty extra tPlusextrainstock s Payable b tock. d Payable In preferred stock. A R R T 56 - 1% 16% - 24 42% - 8% 217 23% + 2% 124 - 1 ams 3% 43% 115\. 111% 118% + 2% 28% — 24 16% — 2% 2 -1 19% — 8% 49% — 8% %+ K 1% — W ATh — % -