Evening Star Newspaper, June 9, 1931, Page 15

) FINANCIAL. Market Subjected to Wave { of Selling—Earlier Gains ! Are Canceled. i BY JOHN A. CRONE. Bpecial Dispatch to The Sta: NEW YORK, June 9.—A wave of sell- ng in the last hour today wiped out gains registered earlier on the Curb market, which dropped belcw its pre- vious closing levels During the first four hours the mar- ket was quietly strong, with few wide movements anywhere and not much sctivity except in the ofls. The last-hour selling, which was at- tributable to the closing of a rumber ©f small banks in Chicago_and the sequel of liquidation on the Stock Ex- change, ¢ffected the whole list. Elec- tric Bond & Share dipped below Mon- day's close after having held at a small fractional gain most of the day. The same applied to American_Super- power, Aluminum Corporation, Niagara Huds"n Power, Ford, Ltd,, and a long string of active issues. The feature of the trading, right grom the opening, was the ofl group. Beyond Indications on Monday that conditions might soon warrant an ad- vance in the price of crude, there was Mo market factor to account for this exczpt the general strength of the list and the fact that the oils had been oversold to some extent during the long decline of oil prices. - The leaders wer: Vacuum and Gulf | Oil of Pennsylvania. Vacuum was up nearly 3 points at midday to a new high on the current movement and over 15 points above its low of the year. Around 37 Vacuum, the dividend on which was rccently reduced to $2 from $4.25. was obviously discounting the pos- sibility of an improved position for the stock in the proposed Vacuum-Socony merger. Gulf Oil of Pennsylvania ran up over 8 points in the forenoon to above 4817, also a new high on the current move- ment. Standard Ol of Indiana was up mearly a point. Other advances were made by Creole Petroleum, Humble, Im- perial Oil, International Petroleum, Standard of Kentucky, Standard of ©Ohio and Cities Service. The last named was up only fractionally and was com- paratively inactive, 12 CHICAGO BANKS VOLUNTARILY CLOSE Chain, With $13,000,000 in De- posits, Suspends Business—Ex- pects to Pay Depositors. By the Associated Press CHICAGO, June 9.—Chicago’s bank- ing situation underwent further adjust- ment today, following the merger of four large banks into two and the vol- untary closing of six small banks ycs- terday. The 12 neighborhood banks of the John Bain chain, with total deposits of $13,000.000, voluntarily closed _their | doors “to conserve the interest of the depositors and stogkholders.” State Auditor Oscar Nelson was asked to assume control of the institutions. Bain, a Republican leader and mem- ber of the South Park board, issued a statement saying the closing was due | to “the inability to readily dispose of | the nssets of the banks without undue losses, due to prevailing conditions.” He expected depositors and stock- | holders to be paid in full. Just before the Bain banks closed an- nouncement was made that one of the small banks closed yesterday had been merged with a larger one. securing all | depositors against loss. The $2,300,000 in deposits of the State Savings Bank & Trust Co., formetly a Foremdn State National Bank affiliate, were assumed and guaranteed by the Liberty Trust & Savings, one of the neighborhood | group in which the First National, Which absorbed Foreman, is interested. U. S. TREASURY BALANCE. The United States Treasury balance, i l announced today as of close of business |, June 6. was $68.144,091.62! Customs re- ceipis for the month to date were $6,- 572,467.55. Total ordinary expenditures, | #11,544,162.86. CHICAGO STOCK MARKET CHICAGO. June 9.—Following is ths complete official 1st of transactions ir Btocks on the Chicago Siwck Exchange today: 100 Allied _Prod 110 Am Pub Ser 40 Astoc T & 800 Assoc Tel 1400 Bendix A of A at 2900 Borg-Warner 50 Brown F & W 1600 Bruce (E L) 1050 Butler Bros 40 Central Cold Storase 180 Cent 11l Pub Ser p 650 Cent 11l Sec 400 Cent Pub_ Seiv' A 250 Cent & So_West 300 Cent & So West p 20 Cent St'P & L pf 40 Chicago_Towel pfd 5200 Cities Service . 50 Coleman Lamp & § 500 Comwih Edis . 950 Cont Chicago . 50 Cont Chic pf €400 Cord Corp 1400 Corp See 300 Elcc Household 100 Emp G & F 7' 450 Foole G & Mach 50 Gardner-Denver 400 Gleaner 300 Gt Lakes' Aircrafi A ol 250 Gt Lakes Dredge 5750 Grigsby-Grunow 200 Hail Pri t 100 Houdaille-Her 100 Tniand Util 16500 Insull 100 Iron 150 Kelloge. 150 LaSalle, 70 Lawk B. util Fireman Switeh 100 Manhat ~De: 50 Materinl Serv 100 McWillizms ~ Dredg 200 Merch & Mfrs A 7200 Mid West Ut} S0Mid W Ut “A” war.. 50 Mid W Ut “B" war.. 700 Midland United 130 Midiand Unit “war id Ut 77 b 1 100 Mo-Kans' Pipe : 100 Musk Mot Spec A 500 Nat 100 Nt Rep Inv 100 Na Secur Inv pf 100 N andard 20 Nat Un Radio 200 North Am Car 250 Nor Am L & Pov 100 Northwest Bancorp 20 No Wst Ut 7, of 100 Peabody Coal “B". 130 Penn Gas & EI A0 Poser €5 .80 Public Serv n p 20 Pub Serv 6. pf.. 30 Pub Serv. ot 800 QRS De Vry 140 Quaker Oats 0 Quaker Oats pi 300 Seaboard Ut 1800 Segal Lock & Hdwe. 400 So Union G 20 So West L 1300 Swift & 650 Swift Intl 383 United aGs 50 Un_Pr & Pubs 100 U 8 Gypsum & 10250 U S Radio & Tel. 800 Utah Radio 100 Util & Ind . 80 Vortex Cup . 5900 Walgreen Co " 100 Western Cont Util &wulk Fk de Tel A.. ’!lm Wis Bankshrs 400 Zenith Radio Steck sales toda: BONDS. sull Util fs L and Tel 5 o te— tocks -snare low - Prev. 1931 Stock and Sales— fxcoe u:l'l t:wu de.;nm l‘r-} tm'nr:“w?:.&fi) (2508), High. Low. Dividend Rate. Add 00. Open. High. Low. Close. which shows those stocks were sold in odd lots. 33% 20 IntSuperp (11.10). 4 20% 20% 204 20% Prev. 1031 ‘Stock ana ot 45 34% Int Utilities A (3% 1 33% 334 33% 384 High. Low. _ Dividend Rate. Add 00. Open, High. Low. Close.| 10% 6% Int Utilities B 10 6% 6% 6% 6% 225 11% AfMliated Prod 1 10 17% 17% 17. 17 99 90 Int Util ptpt (7 50s 90 90 90 90 19% b Agfa Ansco.. 4 B5 8w 8% 8%| 4% 1% Interstate Equities.. 1 1% 1% 1% 1% 17 % Alr Investors vtc 1 % % % %| 35 24% Inter Equconv pf(3) 40s 25l 25% 26% 26% M I 1 1% 1% 1| 1l T Irving AirChute (1) 8 104 10% 10% 10% 224 90 118 1181 112 112 2 % Irving A Chute war., 1 1% I% 1% 1% 109% 97 AluCoof Ampf(6). 1 97% 971 97% 97%| 7 2% IallanSuperpow A.. 1 3% 3% 3% 34 102 40% Aluminum Co Ltd 1 48 48 48 48 1% % Kolster-Br (AmSh). 4 1% 1% 1% 14 O A o LR LY 87 29 LackawannaSec(4). 2 31 81 31 31 786 SR I R i e 27% 19% LehCoal&Nav120. 1 21 21 21 21 663 60 Am Capitalprpfsih 1 631 25 144 LoneStar Gas n38c. 7 15% 16 16% 16 £2 NSl IO IgRES 1sh 2 % LoulsianaLan&Ex. 5 % % % % 10 6% AmCi: P&L AR . & ‘ 17 103 AmCom P A (b10%) 9 11% 4« MacMarr Stores (1). 3 7 ™% 7 % 5% 3% American Corp(15c). 9 4 Magdalena Synd.... 5 & & # * 12% 6'% Am Cyanamid B, 14 % Margay L 4 4 4 3 1% Am Dept Store 8 1% Mass Ut c 1, ¢ 4 4 4 71 3% Am Equities. o 4 O8Ny Mass Utev pf (2 131 31 31% 11 Am For Pow war.. 22 14% Mavis Bottling (A).. 2 2% 2% 5% 2% Am Founder: 5 o2 Mead Johnson(t4%) 3 87 87 85% 8b4 9714 481x Am Gas & Elec ($1).. 45 5Tk Memph NGCo(60c) 1 81 84 85 8% 110% 102% Am Gas & El pf (6) 1 108% MichGas&oOliCorp. 33 26 3 2% 2% 7% = 4% Am Invest Inc (B) 15 Mid Sts Pet vtc A 2 2% 2% 2% 2% 45 26 Am Laundry Mach 2. 508 27% b T S R L R | B4's 34% Am Lt& Trac (2%). 1 36 MAWStUt (1%)... 2 16% 16% 16% 16% 1% % Am Maracalbo...... 2 % Aid West Ut (b3%). 6 20 8 AmStPuSve(al60) 1 10% 91 82 Minne-Honey pf (). 308 19% 8% Am Superpcw (40c). 128 10% 11 3% Mo-KanPipe L (A). 5 99 E1% Am Superp 1st (6) 2 91 :fi_ % Mo-Kan PipsL (B):. 1 5 17 Am Utll&Gen (B) 16 2% » 4 Montecatini deb fts,. 3 8 1° AmTveteCosdtey, 1 ok “B% 3% Mountain Prod (1)... 2 8% 4 Appalachian Gas.. 9 44 6 3 NatCCA pf (165c) 2 10 415 Arcturus Rad Tube.. 2 5 5% 31 Nat Family Stores... 2 6% 3% Arkansas Nat Gas 10 3% 26 16'x Nat Fuel Gas (1). 3 6% 3 ArkansNatGasA... 13 3% 6% 315 Nat Investor: 1 Atk NGeupf(60c). 1 6 104% 97 NatPow & Ltpf (6). 5 Asso Gas&El A (a2). 87% 81 NatPubSvpf (7)... 258 Assoc G & El wa: 3% 1% Nat Service Co 1 Assoc G & E pf ( 194 15% NatS T Sec A 13 AssoG & Elct (8). Nat Unfon Radio. 1 Assoc Rayon 1 Nehi Corp (60c). . 1 Atl Coast Fish 2 Neptune Meter A (2) 1 Atlas Util Corp. o New Mex & Ar Land. 8 Auto Voting Mach. 1 Newmont Min (4)... 1 Auto Vot Mevpfot., 1 Niag-Hud Pow (40c) 35 Bahta Corp. .. 1 \lag-Hud Pow A w.. Beneficial I L (1% 8 ¢ Niag-Hud Pow B w. 1 Bigelow-Sanford. ... 50s L e )8 Siue Ridge Corp. H Nor Am Aviat A war 12 Blue Rldgecv pfa3.. 3 Q,Of Am Util Sec.... 1 Braz Tr & Lt (b8%). 4 Nor Europ Oil Corp.. 1 BrA T cou B1.17 456, 1 Nor Ind Pub S pf (6) 258 Bulovacvpt (3%).. 2 Ohto Copper........ 12 Butler Bro; 2 Oilstocks Ltd A(40c) 2 Cable & Wire Arcts. 4 PacG&Elstpfi%. 1 Cable & Wire Brets. 3 Pac Western Ofl 1 Cab& W pfretstic. 1 Pandem Ofl...... 18 “anada Marcont. . 5 Paramount Cab Mfg. 1 Carnation Co (§1%).. 1 Parke Davis (11.55). 2 Cent Pub SvcA b10% 10 Parker Rust Pr (3)..400s Cent Stat El (b10%). 10 Patterson Sarg (2).. 1 Cent St E cv pfnaé. 1258 Pennroad Corp (20¢) 18 Cent SUEL P xw (6). 3 Penn Pw & Lt pt (7). Chain Store Devel. 6 Peoples Lt&Pwr (A) ChatPh Aln.v. (1).. 9 Perryman Electric. . Citles Service (g30¢) 197 Philip Morris Inc. .. City Mach&T Colon Ofl Col Ol & Gas Col Pict vte ( Com Wat Ser Consol Coppe: Consol Dairy Cont Roll & § 4 Cord Corp.. Cosden Ofl. c B & Sh p! Emp Steel Co 29% 1414 Ford M Can A (1.20) . 625 2:% Ford Mot Can B 1.20. 2 ;:m::“::r? Lglfi;a‘: 19% 9% Ford Mot Ltd 36 3-Gc Tri-Cont Corp war.. 1 6 '3 Foremost Fabrics Tri Uthlit mw".'i 6% 2'» Fox Theater ClA. el & 2 : Unit Car Fastener... 2 10% 4 Gen Alloys Unit Chem ptpf (3). 1 12 - & n Aviation. Unit Corp war... 8 30 13 Gen Petroleum. Unit Founders 31 3% 3 n Rayon A) . Unit Gas Corp. 42 alie Sois SR iRy Svire Unit Gus war. - Glen Alden Coal (4). Unft Lt&Pwr A (1). 10 1Isi 19 % 188, 9 7 Globe Underwr (M 1 Unit Lk bwr o (8). 1 861 Sore o b0 1% " Gold Seul Elec new.. USDairy (B)...... 2 9% 94 11% 4% [Goldman Sach T C. . U S Elec Power ww 2 4 147 6% Gra'phne Ltd cfs U 8 Elec Pwr war. . A G Ay 260 167'3 Gt At&Pac Pean USinterSeclstpf.. 1 334w 334 122% 117 GrtA&PTpf (7).. 408 Ut PELt(at1.02%). 6 & 8§ 76's 38 GuifOllof P4 (1%). GtP&L Bat1.02%). 1 21 21 Hall Lamp (40¢). Va 9 354 39% Hamilton Gas Van Camp Pkg.... 5 54 5% Hand I’ p pt(p! VanCamp Pkgpf... 4 7 8 HAND SRy Venezuela Petrolm.. 3 % % K floulinzer Gold« Vic Finan Corp(40c) 4 515 b1 51 Hudson Bav M& S .. 514 Waitt&Bond B(S0c), 1 4 4 4 Humble Of1 (1215)., % Walker (H) (30¢). 2 4% 5 5 Hygrade Food Prod. 2 Walker Mining. 1 W 1% dk 1w mp Ol of Can (50¢) 1 S SEb D T DR e i Lreull [nv (6% ) Dividend rates in dollars based on Iast quarteriy or semi-an- nsurance Sec ment. *Ex dividend. Partly exira. tPius 4% in §tock. Intercontinent Fet n in cash or stock b Payable in stock. e Adjusiment SHitiatrolenm (1), 0% 10 10 | dividend’ CPIs 5% in iock. ¢ Plus 6% in stock. b Blus 1% n Int Products. .. 2 1% 2 (536K nPlus 8% 1N stock: in Pal e s et e Citles Serv pf (6)... Claude Neon Lts, Ino Cmwith Edison (8). 2008 Cmwlth & Sou war.. Comstock Tunnel Con Gas Balto (3.60 Cont Shares conv pf. Cont Shares pf (B). Cooper Bessemer. . Cooper Bess pf A(3). Creole Petroleum. Crocker Wheeler.... 2 Shawingan W (234 ) Crowley Milner (2).. 1 SHirinaakbiComD, Dayton Alr & Eng... 3 Shen Corp vf (23)... Deere & Co (1.20)... 11 Signature Hosiery pf De Forest Radlo. ... 39 inger Mfg (112%). . Detroit Atrcraft Cp.. 3 Smith (A O) (2) Dixon (1) Cruc (8).. 108 So Am Gold & Plat. . Dress S R A (3%) 6 outh Penn Ol (1).. Dubilier Cond & Ra 1 o Cal I3d pf A (1%). Duguesne Gas Corp.. 23 South CEd pf B 1%. Durant Motors. 9 11 it Eagle Picher Lead. 1 4% s I8EDell Tel DL ) G H S W Gas Utllittes. .. tast St Pow B (1) 6 100 et i o st Util Assoc (2).. 3 StA Ottty 1(:n' st Util Assoc cv 7 o i 2 ler Electric Corp. Elec Pow Asso A (1) S S Jlec P & Lt op war.. iugo). El Shareh pf (a6%). e Emp Corporatian... SUULZ MOLOr CAF.vers 3mp G & E cu ot (7) 15 ;. PG &Eeuptii) 13 Sunray Oll (b6% ) lcon Lead. .. Florida P & L pf (7). Philip Morris A. Pilot Rad Tube A. Pitney B P n (20¢). Polymet Mfg....... Producers Roy Corp. Peldential Invest Pub Util Hold war.. Pub Uil Hold Cp xw Pub Ut Hold cu pf(3) Railroad Shares(40c) Reybarn Co Rossia Intl Cp (10c). Ityan Consolidated. . St Regis Paper (1).. alt Creek Of1 (28¢) alt Creek Pro(1.40). Saxet.Co . chulte Un Sc-$1 St. 1L & H (as0c) .. Selected Industries. . S1,Ind full pd (5%). ool 80c. vte. . 1% 51 g12%c 14 Prod. teell F Stand O1l, Ohio (2%4) 1508 Stand Pwr & Lt (2).. 1 Stand P& L (B) (2). 1 f(6). . Swift & Co (2) wift Internat (3). Syracuse W Mach B. Taggart Corporation ‘Technicolor. Inc Teck Hughes (6! Texon Ofl&Land (1 ED: [ o P Y P P NP | Special Dispatch to The Star. BALTIMORE, Md., Ju | allve—Chickens, young, 2 leghorns, 12a18; roosters, 12al 21a23 duc pigeons 20a25; guinea fow! pair, 15a23 Eggs-—Receipts, 471 cases; current Te- | mor 1o piain. 2.00 fo 4,50 6.00a6.35; 140-170 pounds, 6.2526.40; celpts, 1715, Heifers—Choice to prime, none; good | Pigs, 6.0086.25; packing sows, 5.00§5.50; Eutter—Good to fancy, creamery, 5 5 : [t e Sl oo 231326;_ ladles, 17al8; 1olls, 16a17; | wgenCros: one: medium o good. 6.00a | light light, good end cholce, 140-160 process, 20a21; store packed, 14015, | (o fair. 5.00a8.50; common. to. miain, | PUnds, 6.20a6.45; light welght, 160-200 Vesetat) 45025.00. ¢ | pounds, 6.3586.55; medium weight, 200- - ‘e].lut.q el U!;’rlre*»h ik Fresh cows and Springers, 30.0011‘ 0 pounds, 6.30a6.55; heavy weight, otatoes—White, pounts, R | 60.00. 250-350 pounds, 5.90a6.45; packing sows, 1407 TeWC pointoes barieh TI0RS Sheep and lambs—Receipts, %50 | edium and good, 175-500 pounds, 490a yams, barrel, 3.5024.50; 75a1.25; asparagus, per beets, per 100, 4.00a5.00; cabbage,| Hogs—Receipts, 500 head; light sup- s - bushél, '180; carrots, bushel, (2a50: | ply, markot steady: Lights, 7.00a7.5; | g ootic—Recepts, 1.000 head: calves. celefy, crate, 10.00a11.00; eggplants, | roughs, 4.00a4.55; light pigs, 6.75a7.00; sieady enrl);; general market fed steers crate, 1.5085.00; kale, bushel, 10a25; | pigs. 7.00a7.25. . |'and yearlings easing off, weak to 25 lettuce, busicl, 15a30; lima beans, Calves—Receipts, 150 head; light sup- lower: butcher stock, steady; bulls, 10a bushel, 2.5024.0; peppers. crate, 1.50a | ply, market steady. Calves, 4.00a8.50. |5 h1é11cr: Vealers, strong; fed yearlings 0 l;_nig;‘!fi“whr RS ean | = stecrs, 8.90; slaughter cattle and veal- barb, per. 100, 200a4.00; tomatoes, | DIVIDEND REDUCED. e el e crate. 50a2.00; apples, bushel, 75a2.5 NEW YORK, June 9 (®).—Directors | 7.5028.90; 1,100-1,300 pounds, 7.25a per box, 2.00a250; cantaloupes, 1.00a o western Eiectric Co. today reduced | 6.90; 1,300-1500 ~ pounds. 6.75a8.50; 3.25; grapefruit, bo: Hay and Gr: Wheat—No. 2 red Winter, 79; No. 2 red Winter, 79: June, 79. Corn—No. 2 domesti; cob, new, 3.5023.75. Oats—White, No. 2, 3. Rye—Nearby, No. 3, Hay—Receipts, none. of hay are ample for al there is no surplus of heavy clover mixed being offered. Such grades will bring a premium cf $1 depending on the amo Fair to good timothy ranges from $24 to $26 per ton. Straw—Wheat straw, 12.00a13.00. Oat straw, 12.00a13.00. Live Stock Mar Cattle—Receipts, 50 head; light sup- rly, market steady. Steers—Choice to prime, none; good to choice, 7.25 to 8.00; m 6.50 to 7.25; fair to m Baltimore Markets 1.50a2. box, 2.50a4.25; strawberries, quart, 9a20. 6.50; plain to fair, 5.25 to 5.75; com- | mon to plain, 4.75 to 5.50. Bulls—Choice to prime, none; good to choice, 5.00 to 5.50; medium to good, 4.50 to 5.00; fair to medium, 4.00 to 4.50; plain to fair, 3.50 to 4,00; com- mon to plain, 3.00 to 3.50. Cows—Choice to prime, none; good to choice, 4.50 to 5.25; medium to good, 4.00 to 4.50; fair to medium, 3.50 to 4.00; plain to fair, 250 to 2.75; com- |CHICAGO LIYE STOCK MARKET CHICAGO, June 9 (#) (United States Department of Agriculture) —Hogs— | Receipts, 22,000 head, including 3,000 | direct; active; steady to 10 lower than yesterday's average; heavies and pack- “ ing sows off most; bulk 170-250 pounds, 6.3526.50; top, 6:55; few 260-325 pounds, | ne_9.—Poultry. 0a36; old hens, , each, 50a7: beans, bushel, head: fair supply, market steady. Sheep, dozen, 60a3.00; 15.60; sl 3 holce, 1.0023.00; Spring lambs, 6.009.75. O°Cp; “slaughiter ipigs, - koodand “cholce, | 100-130 pounds, 6.0026.35. 5 oranges, comm-n and medium, 600-1,300 pounds, | 5.5027.25. Heifers, good and choice, 550-850 pounds, 7.2528.65; common and medium, 5.25a7.25; cows, good and choice, 5.00a 6.25; common and madium, 4.00a5.00; low cutter and cutter, 2.50a4.00; bulis (yearlings excluded) good and choice ! (beef), 4.0024.50; cutter to medium, 3.50 | lers (milk +fed) good -and choice, 8.00a9.5Q; medium, 6.50a8.00; the annual dividend basis on the com- | mon stock to $3 from $4 by dcclaring g quarterly payment of 75 conts. The | | dividend is payable June 30 to stock- holders of record June 25. export, garlicky, spot, yellow, 70:‘ NEW YORK BANK STOCKS 8. No. 3, 37. 50a55. L2 FINANCIAL. *kx A__15 Sales in thousand: 24 Alabama Pw 4 1Alabama Pow 12 Aluminum Ltd 5 10 Am Cmwih Pw 6: 6 Amer’ 64 Amer. 3 Amer 3 Amer 7 Amer 2 Amer 12 Amer i} Rol 5 Appalach_Gas 6s 4 Appalac Gas 6s B 11 Appalach “Fow "55 s 29 Arkans P & L 1 Assa Elec Ind 4’ 24As50 G & E 4'25 82 Asso Gas & EI 5 25 Asso Gas & El 5 4 As G&E 5'>s '38 1Ass0o G & E 5'25 2 Associat Rayon 5 0 As Tel Util 5'2s " 4 Asso T & T 5'as " 1 Baldwin Loco 5. 3 Birm ham Gas 1 1 1 1 1Can Nat Ry 4 1Cap Aam bs 1 Cater; 4 Cent 1l El & G 5: 4 Cent 1l P'S 4tas. *2Cent Tl P 8 55 G '68 101 6 Cent Pow & Lt 5 19 Cent Pub Ser 5! 21 Cent Stat Elec 5 15 Cent St EI 5'as C '54 62'2 1Chic_Ry_cod, 55 8Cin B Car 5's A, '52 213 Citles Service 55 7 Cities Service 55 7 Cit 8erv Gas 51z 4 Cit Ser Gas P 6: 31 Cit_Serv_Pow 5 5 Comwh Ed 4'as ’ 3 Com Edis 5s /43 17 Con Gas Uil 65 A 43 17 Consum Pow 41 48Cont G & E 55 A ° 1 Crucible Bteel 55’40 94 1 Crane 'Co_5s 5 Cudahy Pkg 5'as, 2Det C Gas 55 B 1Det Int Brdg 61,8 '52 3 Det Inter Brdg 1 1 Duguesne Gas 27Elec P & L 55 A 6 Empire O&R 51u: 5 Fairbenks Mor 5 16 Federal Wat 5%y 5 Firestone C M 5 5 Firestone 7 Pisk 20 Florida P & L 5 18 Gatincau Pow 58 1Gatineau Pow 65 1Gatincau Pw 65 B 1Gen Wat Wk 65 B ‘44 8 Georgla Power b 39 Gillette 8 Raz 8; 3 Goeb B 6123 A 3! 1 Grand Trunk_6's: 8Gult Oil Pa 55 20 Hood Rubber 5'3: 2 Hood Rubber 7Ts 13 Hous Gulf G 6s 12 Houst G G 19 Tygrade Fd 2111 Pow & Lt 6s 1011l Pow 11llinois P & L 5! 4 Independt 1 1 Insull Utilit 6s 1 Intercon Pw cv 0 Inter P_Sec_ 7s 4 Intern Sec A: 6 Intersta Power 5 1Intersta Power 6: 1lowa P & L 1 1 2 1 1 1 10 Towa Pub S 5 Kimberly Cla 5s A 43 1 Koppers G & C 55 47 2 Kopper G&C 535 '50 3 Laclede Gas 5fis '35 2026, 10 Lehigh P S 65 3 Long Island Lt 6; 2La P & L 55 '5 4 Massachu Gas b 1 Memph Met Edis 4s ‘81 5Mid West Ur 55 5 Mid Vest Ut 5s 2 Mid West Ut 5s 10 Mid West Ut 55 8Minn G & Lt 412 12 Minn P & L 4%os. 1Miss Pow & Lt 5 Steel Corp_ 5 nal Tea 55 Pow 4s '3 ada Cant P &L 4 alls Pow ias & Ei 5 &E 4 & E 45 E bs 17 Penn El 87 Penin P&L 4'3s '81 wi 3Pemn P & L 38 1Penn P & L 1Pa Ghio P&L 20 Penn W&P 4'2 33 Peoples L & P 8 Phile Elec 5 10 Piedmi El 61 1 6 Proct & Gam 4i; 19P S No Il 4'us 2 Pub S No Tl 55 1Pb S N I 4158 1 Pub Ser Okla 5 1Pub S P&L 5las 3] Pug Sound 5ty 3 15 1 Servel Inc" 5s 6 Shaw W&P 4!as ripps_ 5.8 4 23 South South n N G 6 Dai Pr 6! 28wift Co Bs 1 Bogot M 16 Buen Air B s, Pr 17 Cauca_Valiey 7s 5 Chile Mtse B] 1 Cuban Tel 3 Danzig Port 6! 5Den Mts B 53 14 Eulop Mtg 1Ger Con Mun 7 4 Hanoyer Pro 61 2Hun It B 7 5 Isotta Fras 7s '4: 33 Ital Sup Pow s 1 Mansfield M&S 1 Medeliin_Col s 3 Nippon EI P 6'3 1Prussia Elec 65 3Rio de Jan 6'as 1 Ruhr G Co 6 4 Ruhr Hous 7 £antiazo Chtie 3 8axon Pub Wks 1 Stinnes. 7Terni Soc 3 Tietz (L) BALTIMORI BALTIMORE, Ju NEW YORK, June 9 ().—Over-the- <counter market: cull and common, 5.00a6.50; stocker and feeder cattle, steers, good and choice, 500-1,050 pounds, 6.00a7.50; common While receipts | 11 requirements Banks. America By, A%5% | and medium, 5.0026.00. to 3 per ton, |Ghase s i i unt of clover. Commercial Nal: s CHICAGO DAIRY MARKET. +| Manhat Co T3 134! CHICAGO, June 9 (#).—Butter— No. 1, per wn,lpflbne oo 46Ys 49%i 21,006 packages; steady; creamery spe- No. 1, per ton, | clels (93 score), 2212a23; extras (92 1. oy, | 55CTe), 22; standards (80 score car lots), Bankers 09’4 4337 |22%; extra firsts (90-91 score), 20%a21; rket. SO & i 305, 41% |firsts (88-89 gcore), 20a20%; seconds Cont Bk & Tr. ot 1% | (86-87 score), 18ald. Eggs—21,012 Gorn Exch 92 08 |crates; easy; extra firsts, 1614; fresn e P LR g'rblrdad firsts, 1535 currem';/ecexpu. 15; ediym to good, | Lrvine 30,, 1 |storage packed firsts, 16%; storage , 575 to | Mew Fork V% 0 'packed extras, 17%. s 9 Aluminum Co 58 o 3 Bost' & Me 4% ‘61 33 940 5 ‘56 10112 53 xw 86'; \liar Tr Ss ' 2 Chi Dis Elec 5'4s '35 10 Chi Pn Tool 5's 5. . 5 Comwh Ed 4i:s E ' 8 Comwh Ed 4';s D " 65 45 11 East Ut Inv 55 '54 ww 1 Edis El Boston 55 '33 Tire 55 Rubber 5138 Ed 1Gul St Uul 55 A '58.100%¢ 61:5 65 A ‘49 50 & Lt 55 C 136 51l P & L 5l B ‘54 oif " es Indnap PAL 85 A P&L 55 A 3 6s or Ind P § 55 C or Ind P S 55 D A omac Ed 55 E ‘56 3 Buen Air Pr T '47 6s 17Com Pr Bk 5is s C 61 3Ger Cons Mun Gs '47 12 Guan W RR 65 A AC 63 1 Santiago Chile 7s 5Stinnes 7s '36 xw. 75 46 Xw. DOMESTIC BONDS. s 53 49 C 66 5 /50 s '68 in, ol s 50 14C 55 A 133100 159 100 s, 51 9614 F 6T 93V, s 56 93% 5 049 7304 s 148 60 K 2027 150 s 42 " A 102%s 137, 50, 95 104 11 s, 152 2030 42 42 54 48 42 131 o4 56 4 '41 4 5 s s s s 67 s '40 5 ww s '36 s, '36 50° ‘36 A 43 43 A 53 57 39 57 40 s s 45 55 43 s 33 33 v cv cv 35 cv s 6'a 10354 1045 5110431 40 1025, 61 99% . 108 10114 50 10378 571017 0 66 69 51 F /60 10154 C '52 1081a 60 8234 10; 47 1041 e D D A 491017 D30 e 8 A 67 1 Teun Elce Pow 55 '3 U Unit P 12Uni Lt & iUni Lt & Ry 65°A 1Unit B & L 6's 3United P & L 6s 2 Unit Puo Ser €s A '42 7U 8 Rub 6las ‘32, ... 10U S Rubber 6s ‘33 2Utah P & L 41as "44 1van Camp Pk 6s 15 Van Swerin 6s '35 ww 124 Vanadium S5 41 a4y 6VaPb Ser 5ias A 46 96 96 96 5Va Pub Serv 55 B '50 88 83 88 3 Waldorf-Astor 75 '54, 497 4 497 2 Warren Bros 6s '41.. 837, 83 83 3 West Penn §s 2030.. 86 86 86 12 Wes Tex Ut bs A 31 8i 86 86 1 Wiscon P&L 5s E '56 102% 102% 102% 5 Wiscon P&L 55 F '58108 = 103 = 103 FOREIGN BONDS. 5 Baden Con Mn 73 '51 47 n s 152 1 '38 ) 5 '49. 2 55 v hen issued. E STOCKS. Special Dispetch to The Star. ne 9.— Sales. STOCKS. Last sale. 150 Baltimore Trust Co.. 30, 55 Black & ‘Decker c 10 C & P Telephone 40 Consolidated Ga: 2 Consolidated Gas 57, 59 Fidelity & Depo: 92 Finance Co of America. . 2 First National 400 Houston Oil pfd 14 Manufacturers Fin' Co s col sit Co. Bank. 816 Maryland Casualty Co 21 9 Mt_Ver-Woodbury Mills pfd. 52 152 New Amsterdam Cas Co. 28" 10 Union Trust Co....... 5312 50 United .Railway & Electric 312 2850 S Fidelity & Guara: 2112 50W B & A Railwey co % 10W B & A Railway pf 20 'BONDS. 7000 United Rwy & Elec 1st ds. 44 — e In the year 1800 there were only 11 cities in the United States with & population of more than 5,000, | cubic feet. By the As: 50 Industrials. Today. Previous day Week ago. Month ago. Year ago.. Two years ago. Three years azo. High, 1931. o Low, 1931........ High, 1930. ... Low, 1930.... High, 1929. . Low, 1929. 10 Industrials, cees 822 Two years ago. Three years ago High, 1931, Low, 1931. High, 1930. Low, 1930. High, 1929, Low, 1929. Special Dispatch to The Star. NEW YORK, June 9.—Cotton fluctua- | tions followed very closely developments | in the stock market today, and after an early advance of 10 points the market broke sharply 30 poinis and ended 15 to 20 points lower than on Mond3y. Expectations- of a better weekly weather report tomorrow and unfavor- able monthly te sics, together with the weaknesécs in the stock mar- Ket, caused general sclling pressure the Jast hour, closing the lis: at the bott-m. Spots were reduced 20 points to 8.25. Cotton range: Open. High. Low. Close. | July . 838 853 818 813 October 874 889 855 836 December 898 913 876 880 January 909 922 890 891 March . 929 941 903 910 May 948 960 931 931 CHICAGO, June 9 (#)—April gas sales of operating propertics of the | Central Public Service Corporation | show 22.9 per cent increase over April, 1930, it was announced today. Total | sales for April, 1931, were 1,399,546,300 | For four months ended | April 30, 1931, gas sales were 14.5 per cent more than during the same period of 1930. Four months' electric this year, however, were down 3.7 cent. MONEY MARKET. NEW YORK, June 9 (#).—Rates for monetary accommodations held un- changed today. Call money renewed at 1'2 per cent and held steady in the official market. Some funds were avail- able in the outside market at 1 per cent Bankers' acceptancgs were quiet, with almost no demand and a few bills be- ing offered. Asking rates were un- changed. Time money was dull and| unchanged and commercial paper was | unchanged liETAL MARKET. NEW YORK, June 9 () —Copper quiet; electrolytic, spot and future, 81;. Iron quiet, unchanged. Tin stcady, spot and nearby, 22.50: future, 22X0. Lead steady. spot, New York, 3.75: East St. Louis, 3.60. Zinc steady, East St Louis, spot and future, 3.25a3.30. An- timony, 6.25. | 4 STOCK AND, BONDP AVERAGES TUESDAY, JUNE 9. STOCKS. S DO it i e AN : New York Cotton | restoring the $1.55 price in effect prior ated Fress. MAY'S DIVIDEND PAYMENTS HEAVY 20 20 90 Rails. Utilities, Total. E O 1 B 11 Mg 160t 96.9 “us 111 (%2 | | Electric Light and Gas Firms 125.3 244.0 1777 . = 134 2347 201.6 Pay Out Largest Sums 106. ; 64.5 141.1 96.9 uring Month. 141.6 2813 2058 T R TN 136.3 v NEW YORK, June 9.—Cash dividend payments by domestic corporations in May totaled $229,608,425, according to the Standard Statistics Co. Among 10 10 the major divisions of industry, electric Rails. Utilities, Total, light and gas utilities led "Rh’ $55,840.- 98.. 1003 - 93, 206 and railroads were secord with $48,525,566. Detailed figures follow: May Diyidends Advertising. printing. publishing. $2.580.619 Agricuitural implements 1.636.220 lxexatt o : 22.604 Apparel . 1.187.032 Automobties . 5,602 Automobile paris 795. Automobile tires 21 Banks 843 | Bullding’ and’ real ‘cstate 2,10: 96.6 | Enemicals . e 172 998 Conl s . 1 | Copper 4 96.0 | Eotton goods- " lectrical - equipmen Fertilizers —.....7.. Food products : Household prodicts IR R ol 5 Vst holding G M. k. Lead and 7inc .o raim arxKke | Leather and shoes g | Machinery ©. Meat packing Mining and smelting By the Associated Press. | Miscellaneous . . Office equipment CHICAGO, June 9.—Some uneasiness | Paper o 20 1 mEeel Ana o anemEas ol Buas 85 fin“cos ! SEE2 SRR over the closing of 12 neighborhood | Regoi®m :iillilll ” banks in Chicago had a bearish in- | Rallroads " s e flucnce on wheat prices late today. Sell- | Rauroad edivngn .11 ers of wheat took notice, tco, of asser- | Retail trade s ¢ tions_ that rains in Central and North- | §iiiP%o6q8 "0 “hipbuildine ern Alberta would tide most of that cection over for another weck or o 2gainst drought efiects. The United States Government crop repert, due after the close, led, however, to consid- erable evening up at the last. Wheat closed irregular at 1 cent de- | cline to !> advance, corn unchanged to a7 down, cats 1s off and provisions unchanged to a rise of 10 cents. ..3229,608,425 TWELVE BANKS CLOSED WHEAT— High, Low. Close June 815 7'+ | CHICAGO, June 9 (A —Twelve South Quly s 37.¢ Side banks, all members of the John Decerber. 1% Bain group, closed their doors today. CORN— July . eptember December The banks, all small neighborhood | institutions, had combined deposits of $15,940,000, and total resources of $21 000.000, in the last financial statemen: e 2615 | Bain, South Side Republican leader Septembr 2614 and member of the South Park Board, Eret e 2 is the controlling stockholder in each B Iyt st 36% 36 Ji ST 3% . 35, State Auditor Oscar Nelson said the December 41°, a1 institutions were closed at the request of the boards of directors Signs on th> doors anncunced: “Th's bank has been closed for an auditing.” The banks arc: Armitage State, Auburh * Park Trust & Savings, Brainerd State, Bryn Mawr Stafe, Chatham State, Chicago Lawn State, Elston State, the Ridge State, Stony Island State Savings, West Englewood Trust & Savings, West HighlandeState and the West Lawn Trust & Savings. At the loop office of John Bain, In investment sccurities, John Bain, j said a statement on the closing w-uld | be issued soon. No otker information | was given out | SILVER QUOTATIONS. | NEW YORK. June § ) —Bar silver | quiet and 2 lower, at 261. ‘ Waggaman, Brawner & Co. are dis- tributing a_special circular describing | National City Bank ck. National City has fust declared the regular quar- terly divicend of $1 per share. payable July 1. At present prices it yields .38 per cent. Fuel Oil Price Advanced. NEW YORK, June 9 () —St:ndard il Co. of New Jersey has advanced the price of Diesel fucl oil 10 cents a_bar- rel at Cristobal and Balboa, Canal Zope, to the recent cut. FOREIGN EXCHANGE. (Quotations furnished by W. B. Nominal gold So tadrid, Vienna, Budapest. p Prague. cro; Wars: P < 26.80'zc Anthropology is the study of primitive peoples. ¢ No. 4 in a series of advertisements entitled “ What Are the Facts?” o Next to Water Service in Value for Dollars Spent o users of clectr] and gas service D they arc getting their money's worth in com son with the cost of other commodities and service? With a view to getting an answer, this question recently put to 4,000 tric and gas customers dom from among several million in 79 communities in 5 s the answer specific, certain items of common expenditure were listed. The question was, “Where do you get the most valiie Jor every dollar you spend? ELECTR'CITY FOR THE HOME icity fecl significant in that the rank- ing was made by the users themsclves after they had ampletimefordeliberation. Utilities Give Most Jfor the Money pari- T —— Was \ FGAs FOR COOKING clec- selected at ran- Undoubtedly, no small part of the satisfaction in the use of these services is due to the feeling of *‘getting one’s money’s worth.” The dollar spent for clectricity today buys $1.41 worth compared with 1914. The cost-of-living dollar, how- ever, buys only 65¢ worth today com- pared with 1914, this, in spitc of the fact that the cost of living has been coming down recently. tates. To make Second? Third? Fourth? In the territory served by the Associated Gas and Electric System, AUHOMOBILY EoRCT inducement rates encourage wider use AMUSEMENTS TELEFHONE of electricity and gas. Under these STREET CAR AND BUS GAS FOR COOKING PROFESSIONAL AID RAILROAD SERVICE” Naturally enough, ranked first. But this was followed by electricity, and gas for cooking. The preferenceaccorded clectricity and gas is interesting to those investment in utility securities. It is To invest or for ‘WATER SERVICE rates, customers find it practicable to use appliances widely. During 1930, customers bougnt $9,464,264 of appliances from the System’s new businessdepartmentand aneven largeramount from local deal- ers and contractors with whom the Systemcooperates. Inthecurrent year, Associated System new business man- agers plan to sell nearly $10,000,000 of appliances in their areas. water service contemplating information, address your security dealer or write Associated Gas and Electric System 61 BROADWAY I NEW YORK CITY