Evening Star Newspaper, May 27, 1931, Page 14

Axl4 Cene STEEL INDUSTRY - FAILS TO IMPROVE Recent Insmute Meeting Hasl Little or No Effect on Business. By the Associated Press. NEW YORK, May 27.—Neither the tempo of buying nor the trend of prices and praduction has been noticeably af- fected by the frank airing of views at the recent meeting of the American Iron & Steel Institute, Iron Age will say to- lr:;g!'mw in its weekly review of the steel ustry. “Demand remains sluggish,” the Re- view nyl. “and in aggregate con-; tinues to taper; prices in scattersd in- stances have given further ground, but in the main are unresponsive, owing to the cearth of new business; output is still slowly declining. “Sentimentally, however, the effect of bringing the industry’s difficulties rout into the open has been salutary. Steel executives were jolted into a fuller real- ization of their present straits and the consequences of a further aggravation of market mstability. Their apprehen- sions have been hsighte: by the un- checked risc of costs as mill output grows more intermittent. Prospects Not So Good. Aannu current specifications for such products as sheets, strips, cold- finished bars and wire products are hardly sufficient to justify more than a two-day-a-week operation. Releases in othér products offer no promise of early rovement. Structural steel and re- ottl.nlw‘ m ;uu‘:” are holding ;}Jmflr = expected Mills benefi from recent pipe line awards have been able to increase their schedules somewhat, but production of standard pipe deflects no seasonal ex- pansion. Rail mill operations continue to decline and tin plate output, umou:h still at a 70 per cent rate, cownward. “Raw steel production, less -erratic than finished steel output. has again given ground at Pittsburgh, Chicago and Buffalo and now averages 44 per cent :%r the enunztry at ]k.m compared with per cent a week ago. ‘Finished steel Auto Consumption Declines. ~ _ Reinforcing bar lettings, at 9,100 tons, are the largest for any week since mid- April. ~ Structural steel awards and &t 20,000 tons each, are sub- premises fulfill expectations of a pclk uutpu! of 370,000 cars, but a de- in prcduction next month is be- ennh‘maumbeew: A decline in basic iron 1 n the n Bricr brivgs, the 1 composite is unchanged n.:..:u cents a INVESTMENT TRUSTS NEW YO! May 27 ... & RK, y (#).—Over-the- > w o & BEEBERRBERREE) B B e [EuagaREl Huo, g : $58on BEED RatzaaBlBlan SRR : > Buoaitaaal SN S oaeld-tays B : o Teaders of inausiy Toaders ot Ingusiey c. S Am Corp B Nor S Tyust. Bhates | Northern Secur lony Invest’ Tnul EeubneBon o Bervice Tr Sh Bepréeentatize Trust Shrs Becone Tat loe:ur Con A 8econd Tot Secu B e Gorp 6" Selected Am Sbar Selected 8hrs iected }fi‘.;um.m. Frusiee. Universat ne nocn EX-DIVIDEND. NEW YORK, May 27 (’)—h_ { 107 * FINANCIAL. THE EVENING STAR, WASHINGTON, D. C, NEW YORK STOCK EXCHANGE Received by Private Wire Direct to The Star Office. (Continued From Page 13.) Stock and Sales. Dividend Rate. Add 0o, mqn Manati Sugar pf Man Elev m g 3 ": Manhat Shirt (1). Maracaibo Ofl Exp. . Marine Mid (1.20) Marmon Motor Car.. Marshall Field (2%) Mathieson Alkall (2) ~Prev 1431~ umn Low. 12% 3% 20 39 2 12 K % 1 32 9% 1% Maytag Co 1st pf u) Menge] C 5 Met-Gold Pic pf 1.89. Mexican Seaboard Miami Copper . . Mid Continent Petm.. Midland Steel (3). Minn Mciine Pow.... Mo Kan & Texas Mo Kan & Tex pf (1) % Missouri Pacific. .. .. Missouri Pac pf (5). Monsanto Ch W(1%) Montgomery Ward. . Morrell (J) & Co (3) 4 Mother Lode . Motor Meter El. Motor Products (2 Motor Wheel (1). Mullins Mfg. . B 85 42% 26% 29% 58 4% a = 40% 24% Nash Motors (4). 10% 4% Nat Acme (80c). 10 3% Nat Bella He! 83% 623 Nat Biscuit (2 80) 153% 146 Nat Biscuit pf (7)... 39% 24% Nat Cash Register A. 50% 384 Nat Dairy (2.6) 36% 19% Nat Dist Prod (2). 132 Nat Lead (5).. 141 Lead of A (7)... t Pow & Lt (1).... Nat Steel (2)... Nat Supply (4). Nat Supply pf (7). Nat Surety (5) Nat Tea (1)... © - R T RS AR R R A sa B e R an 5 - ano BPLRS Prev Low. Close. Close. 4 4 4 ~Prev. 1931~ High. Low. Stock ana Dividend Rate. Schulte Retail Strs, 4 Seaboard Air Ling Seab Alr Line pf. Seagrave (60c) Sears Roebuck Second Nat Inv Second Nat Inv Seneca Conper. Shattuck F G (t1%). 4 Shell Union Ofl. ... ., Shell Un Oll of (5%) Shubert Theate: Simmons Co. Simms Petroleum. Sinclair Con O11 (1).. % South Port Rico Sug. South Cal Ed (2) South Pacific (6) South Ry (8).... South Ry pf (5). Sparks Withing (1 4 Spicer Mfg pf (3). 4 Spiegel-May-Stern Stand Brands (1.20 Stand Comel Tob Stand G & El pf (7).. Stand Of} Cal (h2%) Stand Ofl of Kansas. Stand Ol N J ($2)... Stand O1l N ¥ (1.60). 4 Starrett (LS) (12%) Sterling Sec A... Sterl Sec cv pf (3). Stewart Warner..... 4 Stone & Webster (3). Studebaker (1.20). Sun Ofl (11) Superheater Superior Ofl. nverior Stee Telautograph (1.40). Tennessee Corp(60c) Texas Corp (2) Texas G Sulphur (3) 183 Texas P C & Oil. 7 Neisner Brothers. .. Nevada Copper (1).. Newport Co (1). Newton $teél. 1214 N'Y Air Brake (1 60) N Y Steam pf (6).... N Y Steam 1st pf (7) Noranda Mines. ..... Norf & West (t12) North Am Aviation. . Nor Am (b10% stk). 279 2 North Am Ed pf (6). 2 20% Northern Pacifie (5) 32 7% Ohio 28 Oliver Fa 6% 3% Omnibus Corp. . 85 68 Omnibus pf A (8). B8% 35 Otis Elevator (2%).. 16% 6% Otis Steel 19% b% 39% 28% Owens 111 Glass (2). B5d% 69%% 43% bacific Gas & B1 (2). 50% Pacific Lighting (3). Pacific Mills Pacific Tel & Tel (1) Pacific T & T pf (6). Packard Motor (40¢) Pan-Am Petrol B. ... Panhandle P&R.... Paramount-Pub 2% . Park Utah. Parmelee Transport. Patbe Excharge. . Pathe Exchange A. .. Patino Mines. Peerless Motor Car. . Penick & Ford (1) Penney (J C) (2.40 Penney (JC) of A (6] Penn Coal & Coke. Penn Dixie Cement. . Penn RR (4). ol Peop Gas Ch (8) Pere Marquette (6).. Petrolm Cp of Ami1) Phelps Dodge (2). Phila Co 6% pf (3) Phil Read C & 1. Philip Mor & Co (1).. Phillips Petroleum. . Plerce-Arrow A (1). Picrce Petroleum. .. Pilisbury Flour (2).. Pitts Coal. i Pitts ¥ W & 4 Fitts Screw (1.40) Pitts Term C pf. Pitts United Corp. Pittston Co (1% Tour & Co (B). Port R Am Tob A 3% P R Am Tob B. Postal Tel&Cable pt. Prairie Oil & Gas. ... Prairfe Pipe L (3)... Pressed Steel Car. Proct & Gamb (2.40) Prod & Refiners. . . Prod & Refiners pf Pub 8y N J (3.40). Pub 8y N J pf (6). PubSv N J pf (). PubSvE& G pf (6 Pullman Corp (4). o o s o & _,..c..MM_,.W,.y.?.a_a.m_,_.._w_.wc..x.-.,,, » 3 19 ° 28 Pui 1 pf Purity Bnkeflen ‘a Radio-Keith-Orph A. RR Sec IC stk C (). Raybestos Man 2.60. Reading Ry (4). Reading 2d pf (2). Remington-Rand. ... Rem-Rand 2d pf (8). Reo Motor Car (40¢). Republic Steel . Republic Steel pf..... Revere C& B pf (7). Reynolds Metals (2) Reynolds Tob A (3). 0lds Tob B (3). Rhine W El P(a2.14) Richfield Oil. . Rio Grande Oil Rit Dent Mg (23) . Rossta Insur (220).. Roy Dteh(m1.3404 Safeway Stores (5). Safeway pf (6) St Joseph Lead (1).. St Louls & San Fran. % St L-San Fran pf (§) St L Sothwestern. . St L Southwest pt Savage Arms (2). % Vi E 60 Va Elec & Pwr pf(6) 40s | Vulean Det (4)..... 47t Y Vulcan Det pf (7). Wabash RR. Waldorf Sys Walworth Co. Ward Baking A. Ward 14% 14% Texas Pac Land Tr Thatcher Mfg (1.60). 3 Y | Thermoid Co 4 The Fair pf (7 4 Third Avenue Thompson (J R) (2 Thompson Prod 1. ZO. Thomp-Star pt Tide Wate: Tide Wat As pt (§).. Timken Det Ax (80¢c) Timken Roller (3)... Tobacco Product Tobacco Prod A t95¢ Transamerica (1). Tyi-Cont Corp. 3 Tri-Cont Corp pf (6) Trico Products(2%) . Truscon Stl (g1.20) Transue & W (1) Union Carb & C 2.60. Un Oll of Cal (2). % Un Pacific (10). Un Pacific pf (4). Un TankCar (1.60) Unit Alrcraft Unit Carbon Unit Cigar Story Unit Corp (75c) Cnit Corp vt (3). Unit Electric Coal. Unit Fruit (4)... Unit G & Im (1.20).. 130 Unit G & Im pf (5). i Unit Plece D W (2) 3 22 Unit Piece D pf 63 | Rubber 1st pf. Smelt & Ref (1). U 8 Steel (7)... 1247 U S Steel pf (7) U S Tobacco (4.40).., Unit Stores A.. Unit Stores pf (4). Univ Pipe & Rad..... Utl] P&L A (e12.15). Vadasco Sales Corp.. Warner Bros Pict... Warner Bros pf 3.85. Warren Bros (3).... n Fdy & P (2). Webster Eisenlohr. . Wess O & Sn pf (4).. PaElpf (6)... West Pa Fow pf (6). West Pa Pow pf (7). Western Dairy (A).. Western Dairy B. Wheel & L Erie pt. White Motors (1)..., White Rock lts 14%. Wileox Oil & &a Willys-Overland. Wilson & Co pf. Woolworth (2.40). Worthington Pump. Wrizley (Wm) (4).. 21% Yale & Towne (2)... 7% Yellow Truck 53% Young Sheet&Tu (4). 2% Zenith Radio. 13% 11% Zonite Prod Corp Sales of Stocks on New York Exchange. «++ 1,600,000 Dividend rates as given in the above table are the annual cash payments based on the latest quarter x mants fasedon the latest gusrterly or halt oy, Jeclarations. ] 0c 10" special preferred s tnis Year—no Feaular rate. 334) vc) . cene % b king B 2% A § 1) 10 1% 300.000 12:00 Noon. . 900,000 2:10 P.M..... + 1900,000 {Paxt Pjus 4 fn caan’or Pluis :~. i st tock, g J m Paid o Blos % CORPORATION REPORTS TRENDS AND PROSPECTS oF LEADING ORGANIZATIONS By the Associated Press. NEW YORK, May 27.—The following is & summary of important corporaticn news prepared by the Standard Statis- ties Co., Inc, New York, for the Asso- clated Press: News Trend. The 7,938 barrel increase in daily av- erage crude oil output, estimated yes- terday by the Ofl and Gas Journal, was somewhat under the estimate released today by the American Petrcleum In- stitute, which places the increase in Gafly average at 10,350 barrels over the week before to & total of 2,437,150 bar- ly offset by a decrease of 31,350 Oklahca. It will be remembered that last week tbh:n parucular fl‘:‘uman was reversed, when a gain over ek in’ Ofiatioma ‘wa than offset by a larger reduction in East With Texas. this week’s report of higher production in East Texas, the Humble Refining Co. announced a drastic mmulcu&otlocenn:mulln | unc Railway freight car loadings for the week ended May 16 increased 283 cars above the week before to a total of 747,732, Although this report shows an actual increase, it becomes less fa- vorable than at first apparent, when |4t s realized that the normai trend | | present proration schedules there most ertain. sharper upward movement. The freight .chulflelllon covering merchandise in | less-than-carload-lots, including much | of the finished products shipped, failed | notably to participate in week's | gain, as did also live stock. Net operating income bf the first 31 rallroads to report for Agrfl was 24.4 per cent undex Apru. 1930, mnklng a dlnpgcinung ‘comparisol the operating income of Lhe same 31 roads, which was 18.1 per cent under March, 1930. Steel mill operations throughout the country, as indicated by steel ingot output, remained at about the same level as last week, around 44 per cent of e-pulfl according to the Iron Age. leveling of operations #fter last week's decline of 2 per cent is some- what encouraging, though the present low rate of operations cannot be wn- sidered favorable. It is reported tha the frank remarks of the steel Iuders in conference had very little effect on steel buying or prices. The Companies. Commonwealth & Southern Corpora- tion April gross off 8 per cent; net, ulwr taxes, off 2.6 per cent; 12 months, 0ss off 6.8 per cent; net, after taxes, S 5.9, Dot oot R b Crosley Radio sales, ml May n,r:z.u‘ll:no up 2 per viation bun uplul stock f ph Corporation. Ford reported contemplaf new numhly plant at Msln ey Handley- Ltd. 1930 Mmfl?fleu u.:mnnst cents. Lehigh Valley Rallroad March quar- | for this week of the year shows a much | against deficit of National Surety 50-cent dividend; paid $1.50 April 1. ‘Thi Avenue Rallway (System) April surplus, after charges, $44,331, against surplus $12,657; 10 months sur- Plus, $134,707, against deficit $302,676. Alr-Way Electric Appliance unit sales for 1931 runnln¢ about 50 per cent below year ago; plants on 4-day week. American Encaustic Tili common dividend; paid 25 cents March 31. Associated ‘‘Telephone & Telzmvh 1930 first preferred share earnings $33.66, against $35.35. Atlantic, Gulf & West Indies Steam- ship Lines strockholders approve reduc- tion in authorized preferred stock to 108,000 shares $100 par and common stock to 250,000 shares, no par. Bosten & Main Raiiroad directors defer action on common dividend cur- rently expected; paid $1 1. Chicago, Milwaukee, St. Paul & Pa- cific road—April net ting in- come, $124,954 vs. $881472; four months, $1,830,866 vs. $3,640,302. Chicago, St. Paul, Minneapolis & Omaha Rallway—April net l:penuhl deficit, $718 vs. net income $92,919; four months, net operating def- ‘t‘fl‘;l 1‘341 /869 vs. net operating income Curtiss-W: Wfl.\m. March qu-ner doflr’ft. 81, 124 vs. deficit ‘l “t No‘an Rallway, April net operating income cff 332 per cent; four months, 7 'w_Haven & Hartford Rallroad, regular $1.50 quarterly com- mon dividend. i Ohio Ofl common share earnings, 12 months to March 31, 71 cents. Sinclair Consolidated Ofl meets Hum- tle Ofl & Refining @ barrel for East ormer enrnorlu. Marcn :l vs. net mb mx.m. equai telr dezm:il $562,561, 271,559 $3.87 ? | sales. .Merxznzhller Linotype—10 at 78, EXTREMELY WEAK . Railroad Securities Follow Stocks in Renewed Sell- ing Wave. BY F. H. RICHARDSON. Special Dispatch to The Star. NEW YORK, May 27.—Extreme weakness in junior railroad bonds again featured bond trading today. ‘The main factor was a renewed sell- ing wave in rail stocks on the big board, following the omission of the Pere Marquette common dividend. While this, as an isolated instance, might not ordinarily have much effect, it came as one of a long series of such omissions or reductions and this par- ticular one affects Alleghany Corpora- tion and Chesapeake Corporation, own- ers of large blocks of Pere Marquette stock. Some of it is pledged as col- lateral behind Alleghany 5s wnd these were weak today. So were Chesapeake Corporation 5s. Another bad spot in the railroad list was the declines ranging from 2 to 3 points in St. Louis-San Francisco is- sues. The 43;5 dropped below 50 to a new record low for the first time. The General 6s and 5s, which mature July 1, sagged to prices that reflected wide- spread doubt as to the refinancing plans for the $9,500,000 of 5s and 6s outstanding. The influence of these drops caused heavy declines in mlny other issues. Some comfort might conceivably be derived from the fact that prices were widely lower on comparatively small ‘The most. ’Wldely affected issues were Boston & Maine 5s, Chicago & Eastern Illinois 5s, St’ Paul 5s, Rock Island A 4%s, Denver & Rio Grande Western 5s, Erle 5s, Iliinois Central 4%s. Missouri-Pacific 5s and general 4s. New York Central 415s, Nickel Plate 4138, Pennsylvania 41,s, Pere Mar- 4 |auette 4)2s and Western Maryland 51as. Even some of the more conservative carrier mortgages were subjected to liquidation by over cautious investors. Union Pacific first 45 dropped over half point. Atchison General 45 were off fractionally, as were Baltimore & Ohio first 4s. Prime issues such as Am!l‘lcln ‘Tele- phone 58 and Consolidated Gas 515s maintained their levels, in spite of t.he weak tone. There were a few small gains in issues like American 1. G. Chemical 5l5s, International Match 5s, and McKesson & Robbins 515s, but these (Jere partly lost in later trading, and, in general, the whole list had & heavy tone. Consolidated Gas of New. York of- fered $60,000,000 of 20-year 4}, per cent debenture bonds prieed at 101. The bonds were reported quickly sold. The company will announce the offer- ing of about $50,000,000 of common stock at $100 par and without par within the next few weeks, United States Government issues were strong. So were municipals. In spite of a number of statements by bankers and foreign bond experts, in- cluding such a noted authority as Prof. E. | W. Kemmerer, who recently completed economic studies in South America, the liquidation of foreign dollar bonds was about as bad today as on any day in the past 18 months. The price declines were extravagant though the volume of sales was only of moderate proportions. (Copyright, 1931.) Washmgton Stock Exchange SALES. Wash. Ry. & E. Gb‘ilm at 90‘/., $4,000 at 90% $1,000 ‘m $500 90Y. —$300 n 105, $100] € Cap. Tract. 55—$1,000 at 821%. Pol Elec. 5%2% pfd—1 at 111, Fed.-Amer. Nat. Bk.—20 at 50. Liberty Natl. Bk.—10 at 50. Continental Trust Co.—10 at 115. Lanston Monotype, 5 at 90, 10 at 90,! 10 at 89%, 10 at 89%, 10 at 89%. o 10 at Pecmlu Drug Str. pfd.—5 at 100%. AFTER CALL. Lanston Monotype—10 at 8917, 10 at 89%, 5 at 89, 10 at 89, 10 at 89, 10 at 89%. Wash. Ry. & E. 45—$2,500 at 90%, $2,000 at 90. Liberty Natl. Bk.—5 at 190. Wash. R. & E. ptd.—10 at 98 Continental Trust Co.—8 at 115. Union Trust Co.—1 at 200. Bid and Asked Prices. BONDS. PUBLIC UTILITY. Amer, Tel. & Tel. 4%s '3 Am rel & Tel el ir. & 1. Cfiplhl "Traction R. | City & Buburban _5: Georgetown Gas -1st ;u:mu Elec cons, 5% o Columbta (1: Gomm District @) Fed.-Am Liberty nn Lincoln (12) Metropolftan ' "(14). Riggs (158 Washineton (13) TRUST COMPANY. omits Aan s Wasn. Toas &%, (00 SAVINGS BANK. Bank of Bethesda (6%) . Gommerce & Savings (i) East Washington ( Potomac (10) Netlonm “wnton ‘(15 TITLE INSURANCE. Columbla (6h). Real Estate (6h ulscl:x.umzcuu Barber & . Sl uem Bids Gorai8) lhoum B1d. & Dllt Emerson imma. Federal Storage pfd. (8 -Ami. Co. com, (1.30f) gumbolaoeenh W WEDNESDAY, MAY 27, 1931 HOOPES G| === BONDS ) FINANCIAL. R«M”P’hh“flnblnctumfllm UNITED STATES. (Sales are In $1.000.) Sales. High. Low. Close. 7.. 15 102 20 102 16 102 20 47. 12 10313 108 10 108 10 8 86 104 26 104 24 104 26 US3% 102 23 102 28 US3%s4é1-43. 326 10227 102 102 22 US3% -47. 112 103 2 102 30 102 30 -56. 101 107 1107 107 U S 45 44-54... 102 109 2 109 109 US4%s47-62+ 57 11320 11318 11319 Sales. High. Low. Close 20:49 48 48 100% 100% ¥ Abitibi P & P 6353 Ab & St 5% s 4. Alleg Corp 68 '50. .., Am Ag Ch 7%s"41. Am Chain 6s ‘33 Am F P 53 2030, Am N Gas 6%s u Am S&R Argenthne 54%4s 6. Argentine May 61. Argentine 65 Ju '69. Argentine 6s Oc '59 Argentine 65 A ‘57, Argentine 6s & '58,, Arin & Co 4%s '3y Arm Del 6%s 43 Atchison gen 4s Atchiscy 4%s '41 AtCL4%s'64 At Gulf 5s 5y, At Ref deb 6337 Australia Austria 7s 57 otts. B&O4s‘48. 4 O conv 433 60 O 18t 5; Oref bs’y5. o B & O Toledo 4s 50, Bk of Chile 648 ‘57 Bk of Chile 6% 861 55. Berlin CyEl 6 M 851 Beth Sceel pin Beth St rf bs Bordeaux 6; Bos & Me b8 '55. Bos & Me 5s '67. Brazil 6348 2 Brazil 6%s ‘2 Bk Ed gn A 58°49., Bkiyn Klev Buenos A 6x *61 1 Buff Gen El 4% 8’81 3 BR& Pitt %8 57, Bush T Bldg os '60. Canada 45 '60. bs Jnly 6y Can Nat bs Oct Can Nat 55'70. Can Nor 4%48 '35 Can Nor 648 db Car Clin & O 65 '52 L&UC*IA’”. . C&O4%s B 95, Chi & Alt 3s. Chi M & St P adj bs Chi&NW g 3%s '87. Chi&Nwn 435 2027 | C&Nwn 4345 ¢ 2057 Chi & NW con 4%s. 26 Chi1 & NW 6348736 Chi RI&P gn 45 '88. 1 Chi R1& P 1t 4n'34 102 ChiRlcv 4%y Chi R1&Pac 4%#'52 6 Chi Un 8t 58 44.... 10 ChiUnS:a6%s'63. 1 C& W Indcv 48’52, 5 Cé& W ind 5%s62.. Chile Cop db 58 ‘47, CCCASt L 4%s E.. 1 CCC & St L 63 D '63 Clev Term 58:73... Cologne 6% '50. Colomb 6s Jan ‘61.. Colombla 6s 61 Oct. Colo & Sou 4% '36. Col G&IS bs May 52 2 Com Inves 5%s 49 Con G N-¥ bls "4l Con Pow Japan 7., Copenhag 4535 '53.. Cuba §%s Cuba R R 5852 Cuba RR T 7% Cuba Nor 5% '42.. Caecho 85 51. Del & Hud rf 43°43. Denmark 4 %5 ‘62 Denmark 5%s ‘66 Denmark 65 ‘4. D&RGrgnds D& RG W 6s'56 Det E4 G&R4%8'61 1 Det Edison rf 55 '49 Det Unit 4%s " Deutsche Bk Donner St 7s"42. Duguesne ¢3;s ‘67.. Dutch East 1 Nov. . 101% 20 103 East CSug 7% l'l 1 Salvador 3 German Bank 7s '50 11 German 78 rep ‘49, Ger Gen El 7845, Goodrich cv 68745, 20 Good 18t 6%8 47, . Goody'r Rub 68 ‘67, GrandTr sf db Grt Nor 4%8'7¢ D, Grt Nor Hock v.|'cu-'n.. Hoe & Co 648 34, Hud & M adj 6 Hurible O1l 58 37, Hum O&R 638 Hungaiy 7% . MBTIist nf.l AL Cent 111 Cent 6%s 11 CCStL&N s Inland Stl 4%s A'78 Inland Stl 4s% B'S1 Int Rap Tr sta Irt Eap Tr 78 32... Int Cement 6 Int & Gr Nor Int&G N ad Int Hydro El Int M Co bs ret Int Ma:ch 68 47 Int M. Int Pap 6s A int Pap 55 Int RysC A §3°73. INLT& T 436863, 106 106 50 50 ok TI% 9% 99% 101 101 108 102% 9% 99 FRanSRe wax cefbin 13t T&T cv 4 %339 2 Nt T&TSs" irish Free St tn 80, ttaly Pub Sv 1a ‘52, Japanese 6%s ‘54 . Jugosl Bank 78 '57. KhCP&L4%s 5T Kend5%s 48 ww. . Kresge Found 6s 36 Kreug & Toll 63 ‘69 Lackaw St 63 ‘50 LacG St L bs 34 Lake Shore 3345 Lautaro Nit 6s '54. Leh Valcv 482003, Long 1sl ab Lorillard 58 Mex 4s asstd 1910, ., BMidvale Sti 5a 36, Milan 6% » Ml E Ry & L 68 '61. M StP&SSM con 4s M StP&SSM 68 '3 M StP&SSM 6s gtd. MK&T ist 4 B Mor & Co 1st w. o Nat Dairy 5% s 48, N Eng T 1st s '52. N&T&MEs B b4. lle‘S%l 1] PacG & K1 68°43. Pac T&T 1st bs 'fl. Pac T&T ref bs 'S Pan Am Pet 65 1940 Paramount 7 Paris-Ly M 6s'58 Paris-Ly M 7s'l Pathe Exch 7s '37 - —:-udsuam.—uu\danumuu‘ Peru 6s ‘61 Phila Co Pnila & Read Port Gen Kl 47 Porto Alegre Pos Tel & C bs 'Sl. ‘ Pressed St C 53 '33. Prussi ! Public Serv 4871 PubSvG 4 ’/.-;'!'0. 1067 100 95B% 95% 106% 83 4 104% 93 YT o) - 4 106% 78 14 TEXTILE PLANTS | MERGED INTO ONE 78'/. 99% 101 103 99% $17,500,000 Corporation s Approved by Stockholders at Gastonia Meeting. 85% By the Associated Press. GASTONIA, N. C, May 27.—An unanimous approval of 14 textile plants Y !m the Carolinas, Textiles, Inc., $17.- 500,000 corporation, was given yester- d.l! by the stockholders of the mills. w!eka uo by the directors of the mills, be perfected June 1. the stock. holders announced after a ntrlu of meetings here. One of lhe (eltum of the merger buyln’ six _additional ol mflls ln Nflfl-h ina and South Car- olina to be lneorwuud into the con- solidation. These a MTh'mlnmm;l'lnt Ma ll‘m" X loun! muf Gastonia; Helen Yarn M‘lfl’s“rm. S. C.: Lockmore Cotton Mills, York, S. 100% | C.; Ri Mills, Inc., Gastonia, and 96% | Eymojo Yarn Miils, Rock Hill. Directly involved in the 95% | the Arkray Mflk lgflu ceola Mills, 104% 93 89 ¥7% 98% 60% 45 102% 9% Victory Yai Gastonia: Wlul!t Yarn Ill“l, Gastonia. Arlington Cotton Gastonia; Cora Cotton Mills, K\I‘lll Mountain: Elizabeth Mills, Inc., Charlotte; Gray Manufacturing ' Co., Gastonia; Mecho Mills, Inc., Lincolnton; Mutual Cotton Mills, Gestonia; Myers Mills, Inc., Gas- tonia, and Myrue Mills, lnc Gastonia. for the new corporation are A. G. Myers, J. H. N e e 107% | Eggs—Hennery, 18a19; 16a17. o T , ry. alive— 1043 ers, "35a37; i 105% | 28; hens, 23a24; 71 | 12a14; dncn 15; 863 | old, 40. 94% 40; hens, zsno~ 105% | 16; keats, young, 70a80; i | Jams Tou2t- ok Toind mu hrea porl h shoulders, TN ..:-nune-..e.a.——n--am-x BenamBaZ i inswicSa Seallanan [orey EREEE L PEE TN E PR =t~ s5se3i8s 835! o ok SBIATLI28B3: 99% | Skelly O11 5%s '3! 105% llld&!rofll’tl’“ “ - 1105 1011 | Tenn EI P 63 A 47 4 109% | Tex Corp cv b8 @4% | Tex & P 1st 582000, 84% | Tex & Pac 65 C 19 1 91 89% | Third Avref 4s’'60, 31 53% 16% ird Avadi 6860, 32 36% 35 17 El Pow 62°32. 1 100% 19 100% 1¢ Un 68 673 | U Fas 448 47 77% | Un P 1st rf 58 2008. 6 112 77 | Unit Drugev 68°63 18 102% 20% Ua King igeat. . 37 107% 34% | U'S Rul 66% 68" | Un 5t1 W 6%8 A 41 10 55 | UAStW 6%sA'51 8 6" BBane o Noul Samee 99% 105% ID‘K 105'4 Ulll P. L & 80 79% 80 0% 70 70 !02‘6 102% 102“ 66 Ro oo Vienna 6s ‘62, 21 88 Va Ry & Pow 5s’'34. 5 104% Wabash 24 31 28% 27% 2;“ Wabash E.B":l 89% 89 89% | warsaw 7s 'l 9% 89 89% | wat Sh 1st 45 2361.. E) ded 1 9% 97% . West Un Tel 68 °51. Tih ST 9Th | West Union bs780.., 1 West Un T 6%s '36. Yistn Sn&T 8878, Xng SU&T 53 B ‘10, Wuhington Produce Butter—One-pound prints. 29; tub, 28. current SFEE ¥