Evening Star Newspaper, May 6, 1932, Page 14

A—14 ¥%% BANKERS REME TONEW QUARTERS Larger Offices of Association Give More Room for Institute. BY EDWARD C. STONE. District of Columbia Bankers® Associ- ation headquarters were moved today from the Becker Building, on F street, to the Bond Building, at the corner of New York avenue and Fourteenth strect, the change being made largely t pro- vide a great deal more needed space for the classes of the local chapter, Ameri- can Institute of Banking. The new headquarters are on the seventh floor of the building and include plenty of large rooms for the institute students. Ample office space has also been reserved for the business routine and also for the Credit Bureau, one of the most important departments of the association’s wol Moving of the valuable Credit Bureau files was superintended by F. P. H. Sid- dons, secretary of the association. The new location was secured after a great deal of inspection work by a special committee headed by George O. Vass, vice president of the organization. The association offices have been lo- cated in the Becker Building for sev- eral years, during which time banking | activities have expanded very rapidly. Fleming Addresses Bankers. The regular Spring business meeting of the District Bankers’ Association was held yesterday afternoon in the Amer- ican Security Building, President C. H.| Pope presiding. President Robert V. Fleming of the Riges National Bank, who is chairman of the Legislative Council of the Amer- ican Bankers' Association, presented & brilliant summary of the report he made at the recent meeting of the A. B. A, Council at White Sulphur Springs, W. Va, Mr. Fleming gave the local bankers the benefit of many months of inten- sive study of proposed banking legisla- tion now pending in Congress. His clear summa! was received with the keenest possible interest. He pre- sented the reasons for his committee's attitude, either for or against, all these measures, the Glass banking bill being the most important. The surprise of the meeting came] when President Pope announced the Teoent marriage of Miss Grace M.| Bromley, the association’s _assistant secretary, to T. C. Bailey of Demopolis Ala. Mrs. Bailey has held her present position for the past nine years and ‘has always manifested exceptional abil- ity in the association’s affairs. She was present at yesterday's meeting and received many hearty congratulations. The meeting closed with the adop- tion of resolutions on the death of Cuno H. Rudolph, prepared by a spe- cial committee of which Victor B. Dey- ber, president of the Second National Bank, was chairman. During the meeting, Claude H Woodward, president of the Mount Vernon Savings Bank, made a brief talk on the coming annual convention at Hot Springs, the general chairman reporting all arrangements practically completed. Today's Trading on Exchange. Trading on the Washington Stock Ex- change today opened with a small sale in Potomac Electric Power 6% per cent preferred selling at 103. Capital Trac- tion stock appeared on the board again cday, two 10-share lots changing hands at 12, the same as yesterday's selling price. The stock closed with 12 bid and 13 asked. Bond sales today were confined to two small transfers in Washington Gas 6s, series A, both at 97%. This is a little lower than these bonds, which mature next year, have been selling. There has already been considerable switching in this issue into longer-term securities. ‘Quotations were called off cn the local unlisted securities, bid and asked prices remaining exactly as they stood at the end of last week. The market will be closed tomorrow and eviry Saturday thereafter until October. Local Clearings Reveal Gain. i Washington bank clearings for the week ending May 4 totaled 819.000000.‘ against the lower total cf $17,244,000 in the previous week, although 22 per cent under the corresponding week a year ago. These check transactions Treflect more business activity than two ‘weeks ago. The decline over the same period last year is also much smaller than in most cities. Baltimore clearings also showed ex- cellent gains, according to Bradstreet's, being $63,492,000, against $50,771,000 in the previous week and 29 per cent hst' v { last year. Richmond cleared $26.862,- 000, against $25,738,000 in the previous | week and 24 per cent below last year. Norfolk clearings were better, being | $3,387.000, compared with $2.257.000 in | the preceding week and off 29 per cent | from the like period in 1931. | Central Public Service Reports. 1 Copies of the annual report of the | Central Public Service Corporation | have been received here from the Chi- cago office, The report states that operating revenues for 1931 decreased 5.36 per cent during the year, being $30,453014, against $41,688.131 n the previous year. Net operating revenues totaled $15301.683, against §$16,564.449, a decrease of 7.62 per cent. Net earn- ings were also proportionately lower. The report indicates that the com- pany has no connection with the Wash- | ington Gas Light Co. in any way. A year ago it was said to control the local utility. The report makes no ref- erence to Washington in listing the ter- ritory served by subsidiaries. A colored map of the United States, which has Ted circles around the communities of over 20,000 population, under the firm’s control, refers to Hyattsville, Md., but not to Washington. The cpinion was expressed in the local financial district today that the Wash- | ington Gas Light Co. is probably again controlled by New York interests. Notes in Financial District. The District of Columbia Life Under- writers’ Association sent a large dele- gation to Baltimore today to attend the annual joint sales conference | Merle Thorpe, editor cf the Nation's Business; director in the Chesapeake & | Potomac Telephone Co. and the Na- tional Metropciitan Bank, has been elected a director the Pidel Asso- clation of New Yori Frederick P. H. Siddons, secretary of | the American Security & Trust Co., gave { an address on finance before a large | gathering of teact the Hyattsville | High School last evening | DRIVE EOR éALES TAX MAY PROVE SUCCESSFUL in Bpecial Dispatch to The Sta NEW YORK, May 6.—Word reachinz‘ ‘Wall Street this week that the Senate| might bring up the sales tax for con- sideration, and that many of those in Congress who were originally against this form of revenue have now turned in favor of it, gives encouragement to the financial district. It is believed that if it were shown that this tax had a good possibility for success, the effect on the security markets would be in- stant and substantial. The latest decline in the stock mar- ket, which has averaged nearly 40 per cent, gained its greatest momentum after the sales tax was_ killed in the House. Subsequently, other departures of Congres from what Wall Street be- Meves to be scund bubiness and banking policy have added to the uneasiness among investors. An indication that Congress, in the closing weeks of the session, may adopt a more conservative attitude would do more for both stocks hr bonds than any other ongynfluence, \ ~Prev. 1933 High. 73% 129 8% 3974 7% 1 9% 33 3814 1% 12 51% 21% 68 9ln 14 27% 15% 53 % 12 FINANCIAL. THE EVENING STAR, WASHINGTON, D. C, FRIDAY, MAY 6, 1932. FINANC TRANSACTIONS ON THE NEW YORK STOCK EXCHANGE Stock and Low. Dividend Rate. 4 Abitibl Pwr & Paper. 4% Abitibl Pwr & Pa pf. 15 Abraham&Straus 1% 2t Adams Express..... 164 Adams Millis (2). 10% Addressograph (1).. 674 Affiliated prod 1.60.. 3414 Air Reduction(t4%). 1 Afrway Elec Appl. .. 8% Alaska Juneau (50c) 1 Alleghany Corp..... 2 AllegCppf $30 ww.. 4914 Allied Chemical (6) .. 614 Allis-Chalmers(50c). 6 Alpha Port Cemt (1). 12 Amerada Corp (2) 8% Am Bank Note. . % Am Beet Sugar. Am Brake Sh pf(7).. % Am Can Co (5)..... 100 Am Can Co pf (7)... 414 Am Car & Foundry. . 20% Am Car & Fdy of (1) 25% Am Chicle (13).. 6's Am Comel Alcohol 214 Am & Foren Pwr.... 7 Am&Forgn Pw(6)pf. 8 Am&Forgn Pw(T)pf. 4 Am & For Pwr 2d of. 47% Am Hide & Leath pf. 361 Am Home Prod 4.20.. 12 AmIce (2). 50 Am Ice pf (6) 4'% Am International. 5 Am Locomotive.... 13 Am Mch & Fdy 1.40. 23 Am Metal Co.. 6% Am Pwr & Lt (1) 31 Am Pwr & Lt pf (6). 24% Am P& Ltpf A (5).. 4% Am Radiator (40¢).. 5% Am Rolling Mills 51« Am Safey Raz (3). 14 Am Ship & Com. 713 Am Smelt & Ref..... 25 AmSm&R 2d pf (6).X 44 AmSm & Rfg of (1) x 28% Am Snuff (13%).. 44 Am Steel Foundry... 3015 Am Stores (12%).... 15 Am Sugar (4)....... 2% Am Sumatra Tob. ... 95'4 Am Tel & Telex (9).. 53 61 Am Tobacco (16) 63'% Am Tobacco B (16). 99 Am Tobacco pf (§) 1814 Am Water Wks (3).. 50 Am Wat W 1st pf(6). 215 Am Woolen vte new 1515 Am Woolen Co pf. 413 Anaconda Copper. 5% Anchor Cap (2.40) ... 714 Archer-Danlels (1).. 82 Armour of Del pf(7). 1 Armourof Ill (A).. 6 Armour of Ill pf. 1 Arnold Constable.... 1 Associated Apparel.. 315 Asso Dry Good 3414 Atchison (4).. 56 Atch To&S Fe pf(5). 14 Atl Coast Line (4)... 8% Atlantic Refining (1) 56 Atlas Powder pf (6). 30 Auburn Auto (f4)... 214 Aviation Corp (Del). 3% Baldwin Locomotive 10 Baldwin Loco pf.... Baltimore & Ohio. Balto & Ohlo pf. ... Bangor&Arostk(2).. Barnsdall Corp. ..... Bayuk Cig 1st pf(7).. § Beutrice Cream (4).. Beech-Nut Pkg (3).. Belding-Hemingway, Bendix Ava (60c).... Best &C0 (2)....... Bethlehem Steel. ... Bethlehem Stl pf (7) Blaw Knox. Bohn Alumn Borden Co (3)... Borg Warner (1) Briggs Mfg (1).. Briggs&Stratton(1) Bklyn-Man Tran (4). Bklyn-Man Tr pf () Bklyn Union Gas(5). Brown Shoe (3)..... Bucyrus-Erie cv pf.. Budd Wheel Bullard Co. . Burroughs Add (88¢). Bush Terminal(2%). Butterick Co. . rs (A M) 14 Callahan Zine & Ld 2 Calumet & Hecla. 6% Canada Dry (1.20)... 103 Canadian Pacific 1% . 24 Capital Admin (A) 19% Case (J I) Co. ... 3813 Case (J 1) of (7). Caterpillar Trac 50c. Cavanaugh-Dobbs pf Celotex vtcetfs. ... Century Rib M pf(7). 4 Cerro de Pasco Cop Ches & Ohio (2%). Chesapeake Corp(3). ChiGreat Western Chi Great West pf. Chi M1l StP & Pac. Chi Mil StP & Pac pf. Chi & Northwestern.. Chi Pneu Tool. : Chi Pneu Tool pf. Chi Rock I & Pacific. Chi R 1& Pac 6% pf.. ChiR1& Pac 7% pf.. Chrysler Corp (1) . City Ice&Fuel (3.60). City Jce&Fuel pf 6%. City Stores. .. City Stores (A) Cluett Peabody pf (7' Coca Cola (18). olgate-Pal-P (234). Colg-Palm P pf (6).. Collins & Afkman. Colonial Beacon. Columbia Gas (b1) Col Gas&El pf A (6) . Columbia Pic ctfs. .. Columbian Carb (3).. Com] Credit (1)..... Comecl Cred 1st(6%). Comcl Cred pf B (2) . Comel Inv Trust (2). Comm Solv (60¢). ... Comwlth & Sou(30¢) Comwlth&Sou pf (6) Congolm Nairn (1).. 4 Congress Cizar (1).. Consol Cigar (3). Consol Film. .. Consol Film pf (2) Consol GasN Y (4).. Consol Gas NY pf(5) Consol Laundries(1) Consol Oil Corp. Consol Textile Contl Baking pf (8).. Contl Can (2%). ... Cont Diamond Fibre. Cont Insur (2.40) « Contl Motors. . 4% Contl Ol (Del) 14 Contl Shares. 2914 Corn Products (3). 104 Corn Prod pf (1) 2 Coty Inc Crex Carpe! Crosley Radio 19% Crown Cork pf (2 Crucible Steel. . . Crucible Steel pf (7). udahy Packing (¢). Curtis Publishing(2) Curtis Publish pf(7). 7 Curtiss Wright. .. 114 Curtis Wright (A) Cutler Hammer. % Stores (60C). Davison Chemieal. .. Deere & Co (40¢). ..o Delaware & Hud (9). Delaware Lack & Detroit Edison (8) Diamond Match (1). Dame Mines (11.20) . Dominion Storest13% Douglas Aircraft (1) Dresser Mfg B (2) Drug Corp (4)... Duplan Silk (1)....« Dupont de Nem (4).. Dupont de N pf (6).. Duques Lt 1st pf (5) . 1% Eiec&Musf 513 Elec Pwr & « Elec Storage Bat (3) 3% Brie RR.... 4'; Erie R R 18t pf. 1 29 Fairban Fed Mine&Smit pf. .. 214 Fed Water Service A 9% Fed’d Dep Strs (80c). 10% Fid Ph Fire In(2.60). 11%; Firestone T& R (1).. 393 First Natl Strs (3%) 14 Fisk Rubber. - 4% Foster-Wheeler.. Bales— Add 00. [FUPSOPN- Y » B wBaf 'S wte EYeY-3 P o manomZ menBane mEsee Brwa 408 10 408 108 0 2 22 falnRucrananuast s nhcaw - anbk 3 2 - 1d Net. Low. Close. Chge. 1 4% 16 2 17 104 1% 16 n 9% 10% 115 4% % W 6a. b 1+ % 4%+ % 6 +1 2% — 4 18+l 104 R+ % 404 +3% 1% + % 11% 1+ % 2% + % 5613 +5 6% 61 14'5 9+ ) 53 4115 +4% 100 36% +1% 271 - 1% 4% + % 6% +1 17% +24% %+ % 9% +1 24 47 291 4% 2% 1% W b % 21% 5% 19% 1'% 3% 354 1545 19% ‘1613 38% 26 19 1% 70 10 11y 81y 82 1% 130% 4 24% 5ia 1613 30% 94 187 ~Prev. 1932~ High. Low. 147% 2 13% 614 1% 157% e 11 614 24 12% 10% 28% 1 8% Sales— Net. Dividend Rate. Add 00, High. Low. Close. Chge. Fourth Nat Inv 1.10. 1 15° .16 18 ¥4 Fox Film (A). 2 2 o 2 Freeport-Texas (2) 24 15% 14% 15% + % Gamewell Co (1) . 3008 6% 6% Gen Am Investors 2 2 2 Gen Am Tank Car(4) b1 16% 17 Gen Asphalt (1) 4 8 8% Gen Baking (2) 19 12 Gen Cable pf. 60s 64 Gen Cigar (4). 26 Gen Elec (1). . 13% Gen Elec spec (§0c) 10% Gen Food Corp (3)... 29% Gen G&E A (b6 %stk) Gen Gas&E cv pf(6). Gen Gas & ElecA (7). Gen Mills (3). en Motors (1) . Gen Motors pf (5) Gen Outdoor Adv... utdoor Ad¥ (A) Gen Rwy Signal (3). Gen Realty & Util... Gillette Stf Rax(1).. Gillette Saf R pf(5). Gobel (Adolf)....... Gold Dust (1.60) Goodrich (B F) Goodyear Tire&Rul Goodyear 1st pf (T) Gotham Silk Hoslery Graham-Paige. E Granby Consol Cep. . Grand Silver Sto Grand Union. . Grand Union pf (3). Grant (WT) (1).... Great Northern pf(2) Great North Ore(2). Greene Cananea Cop. 600 Grigsby Grunow. ... Stock and, g + 4 Hanna pf (T) Hawailan pple. Hayes Body Corp. . Hercules Mot (80c) Hershey Choc (6). .. Holland Furnace (1) Homestake Min (9). Houdaiile Hershey. . Houston Oil. + Houston Oil (new).. 9'a 207 14t 11 2 4 2% 230 10% 50 b 115 Howe Sound (1)....: Hudson & Man (314) Hudson Motor Car. Hupp Motors 1lHnols Indust Rayon (4).. Ingersoll Rand (3).., Inland Steel Inspiration Copper. . Ins Shs(Del)a62¥e.. Insur Sh(Md) (28¢).. Interboro Rap Trans int Bus Machine(né) Int Cement (2). Int Combustion. Int Harvester (1 Int Harvester pf Int Hydro E1 A ( Int Match pfd. Int Merchant M irt Nickel of Can. Int Nick Can pf (7). Int Paper pf 3 Int Paper & Pwr pf. Int Printing Ink Int Salt (2). Int Shoe (3). Int Silver...... Int Tele & Teleg Interstate Dept S Jewel Tea (T414) . Johns- Jones Kayser (J) & Co Keily-Spring Tire. .. Kelly-Spr T 8% pf. Kelsey-Hayes Wheel Kelvinator Corp Kendall Co pf (6). Kennecott Copper Kinney (G R) Co. Kinney (G R) Co pf. 103 Kresge Dept Stores.. 2008 Kresge (SS) (1.60).. 14 Kress (SH) Co (j1) 2 Kreuzer & Tell. .. 348 Kroger Grocery (1). w21 56% 317 Lambert Co (8)..... 9 8% 64% 98 10914 1% T AR 1% 51 31% Lee Rubber & Tire. . Leh Port Cmt pf (7). Lehman Corp (2.40). . Lenn & Fink Prod(z) 11 10s 35 4 Libbey Owens Glass. 23 1 % 4 Liggett & Myers(15) Ligg & Myers B (16) Ligg & Myers pf (7). Lily Tulip Cup (1%) Lima Locomotiv Link Belt (1.20). Liquid Carbonic (2). Loew's Ine (14)..... Loft Ine Long Bell Lumb(A). Luose-Wiles (13).. Loose Wiles 1st Lorillard (P) (1.20). Lou Gas&El A (1%). Louisvilie & Nash(4) McAnd & For (1.40). McCall Corp (23%) ... Mclntyre Pore M (1) McKeesport T P (4). McKesson & Robbins McKesson & Rob's pt Mack Trucks (1).... Macy (R H) (n2).... Manhat Elev mod gtd Marine Midld(80c). . Market Street Ry. .. Marlin-Rockwell( Marmon Motor Car. . Marshall Field & Co. Mathieson Alkili (2) May Dept Stores 1.80 Melville Shoe(1.60). Mid Continent Petm.. MSIP &S S Marie MStP&SSMpt. Mo Kan & Texas pf.. Missouri Pacific. Missouri Pacific pf. . Mohawk Carpet. Monsanto Chem Montgomery Ward. . Mother Lode. Motor Meter G & El. Motor Products Murray Corp Nash Motors (2) Nash t&StL. Nat Biscuit (2.80) Nat Biscuit pf (7) at Cash Reg (A) Nat Dairy (2.60) Nat Dist Prod (2). Nat Lead pf A (T) Nat Lead pf B (6) Nat Pwr & Lt (1). Natl Steel (1). P44+4 1 +++ XEARwERAm- an ha.c P T LT evada Con Coppe! ewport Industries. ¥ Central. . 218 hicago & StL.. 2 Y & Harlem (5)... 103 Y N H & Hartford. 30 YNH&HDL(T). Y Ont & Western.. 4 Y ¥ Snipbldg pf(7).. 108 Steam pf (6). 108 eam 1st pf(7). 20s Noranda Mines 15 orfolk & Southern.. orf & Westn (112). Norf & Westn pf (4). North Am Aviation.. Nor Amer (b10%stk) North Am Ed pf (6). orthern : orthwes Ohio U1l eiis Oliver Farm Equip. . Omnibus Corp. . Omnibus pf (A) (8) Slevator (3 Otis Steel. . . Outlet Co (4) Owens 111 Glass (2) Pacific Gas & Kl (2). Pacific Lighting (3) . Pacific Tel&Teleg(7) Packard Motor Car.. Pan-Am Pet B(1.60). Paramount Publix Park Utah Peerless Motor Car.. Penick & Ford (1) Penney (J C) (2.40 Penn Dixie Cmt pf.. Penna Railroad. .. .. Peoples Gas. Chi (8). Petrol Corp of Am Phelps Dodge Co. ... Phila Co 6% pf (3).. Phila & Read C&I.. PLillips Petroleum. . Pierce Ofl. . Pierce Oil pf. Pierce Petroleum. Pitts Coal pf. Poor & Co (B)..... Port Ric Am Tob(B). Prairfe Ol & Gas. LRy 22 2% 5 L 6% = % + % - h Sales— Add 00. 19 ~Prev.1032 Stock and High. Low. Dividend Rate. 42% , 25'; Proct & Gamb (2.40) 9% 314 Prod & Refiners pf..: 10s 60 38% Public Sve NJ (3.40). 125 87 72% Public Sve NJ pf (5). 1 25 13% Puliman Corp (3) 35 1 5% 3% Pure Oil. 1574 10% 327 187 Radio Corp. Radio Corp pf A 3%. Radio Corp pf B % Radlo-Keith-Orp] Raybes-Manhat (1).. Reading Rwy (1) . Real Silk Hosfery Real Silk Hostery pf. Remington-Rand. Reo Motor Car. Republic Steel Republic Steel pf. Reynolds Met (1%). 3 Reynolds Spring. 814 Reynolds Tob B (3). 15 Rossia Ins of Amer.. 1214 Royal Dutch of NY 39 Safeway Stores (5) 70 Safeway Strs pf (6). 764 Safeway Strs pf (7). 514 St Joseph Lead. . 1%4 St L-San Francisco St L-San Fran pf.. Savage Arm. Schulte Ret Stor pf Seaboard Ol Sears Roebuck (2%). Servel Inc aron Steel HOOD. .. Shattuck (F G) (1) Shell Union Oil... Shell Unton Ol pf. Stmmons Co. Skelly Ol - kelly Oil pf ww. Socony-Vacuum 38 Solv Am f W (534) outh Port Rico Sug. ou P Rico Sug pf(8) Southn Cal Ed (2)... Southern Dairles(B) Southern Paeifl Southern Rallway. Southern Raflway pt Sparks-Withington. . Spencer Kellog(60c). icer Mfg. .. Stand Brands (1.20). Stand Brands pf (7). Stand Gas&El (3%). Stand Gas&El pf (4). Stand Gas&El pf (6). Stand Gas&El pf (1) a 011 Calif (2 and Oil Exp pf (5). tand Ofl of Kansas. §tand OII N J (12)... Sterling Secur cv pf. tewart Warner. ... Stone& Webster(50¢) Studebaker Corp. ... tudebaker pf (7). Sun Ofl (1)... Sun Oil pf (6)....... Superheater Corp (1) Superfor 011 Superior Steel 59 Tennessee Corp... Texas Co (1). o Tex Gul Sulphur (3). Tex Pacific Coal&Oil Tex Pacific Land Tr. Thatcher Mfg pf 3.60 Thermoid Co........ 10% Third Nat Inv (1.05) 8% Thompson (J R) (1). 13 Thompson Starrett 2 Tide Water Asso Oil. 20 Tide Water As pf(6) 13% Timken Roll B1% 214 Transamerica Corp Washington Produce Butter—One-pound prints, 93 score, 23; 92 score, 22; standard, 21; tub, 93 score, 22; 92 score, 21; standards, 20. Eggs—Hennery, 12al13; current re- ceipts, 11a12. Poultry, alive—Turkeys, young hens, 18; toms, 15; old toms, 12; crooked breasts, 12; Spring broilers, colored, 11; to 2 pounds, 20; Plymouth Rocks, 2 to 2!, pounds, 23; Plymouth Rocks, 3 pounds and over, 25; Leghorn broil- ers, 11 pounds, 17; 2 pounds and over, 19; hens, medium, 14al5; large, 14al5; Leghorn hens, 12al13; roosters, 10; | keats, young, 40a50; old, 30240, Winter chickens, 18a20; stags, 12. Poultry, dressed — Turkeys, young hens, 21; young toms, 18; old toms, 15; crooked breasts, 15; Spring broilers, colored, 1'% to 2 pounds, 23; Plymouth Rocks, 2 to 2': pounds, 26; Plymouth Rocks, 3 pounds and over. 28; Leghorn broilers, 112 to 2 pounds, 20; 2 pounds and over, 22; hens, medium, 17a18: large, 17a18; Leghorn hens, 15a18; roosters, 13; keats, young, 60a70: old, 30a40; Winter chickens, 21a23; stags, 15. Mgats—Beef, prime, 14; good, 12 lamb, top, 15; good, 14; veal, top, 12 good, 11; pork loins, 11a12; fresh hams, 13; smoked hams, 16; strip bacon, 16; lard, 7; compound, 6%. | Live stock—Hogs, light and medium, 3.70a3.90; heavy, 3.00a3.60; pigs, 3.25a 3.90; roughs, 1.75a2.75; calves, 3.00a5.00; lambs, 5.00a8.00. | Fruits—Strawberries, 3.50a4.00; wa- termelons, 1.00; apples. bushel basket, 1.00a1.25; cherries, California, 2.50a 450; box stock, 2.00a2.25; oranges, | Florida, 3.50a4.50; California, 2.75a 3.00; alligator pears, 3.00a3.50; pine- apples, 2.5023.00; grapes, Almeria, 1.75a2.00; bananas, 1.75a2.25; lemons, 4.00a4.50; Chile, 2.50; limes per 100, 2.00; rhubarb, home-‘ grown, per dozen, 40a60; grapefruit, 2.50 | a3.50. | Vegetables — Potatoes, Maine, 100- pound sacks, 1.35; New York, 1.25; new Florida, per barrel, 8.00a8.50 Idaho | Bakers, 100-pound sacks, 2.50: carrots, | Texas, 3.50a4.00; beets, 2.25a3.00; spinach, 1.00; kale, 35a40; lettuce, | Iceberg, 3.25a3.50: peas, 1.50a2.00; string beans, 3.50a5.00; wax beans, | 3.0023.50; broccoli, 3.50a3.75; cabbage, | new, 125; turnips, 50; eggplant, 3.00a 3.50: lima beans, 4.0025.00; peppers, 4.00a4.50; cucumbers, per dozen, T5a 1.25; mushrcoms, 1.00a1.25; asparagus, 1.00a3.50; tomatoes. lugs, 3.00; 3-pan containers, 1.75a2.00 | | NEW YORK BANK STOCKS | NEW YORK, May 6 (#).—Over-the- | counter market. BANKS. Chase (3) . Commercial (8) First National (100) Manhattan (2) .. National City (3) Public (2) ....... 363 211 | TRUST COMPANIES. Bankers' (3) 467 Brocklyn Trust ' (16) 162 Central Hanover (*7) .11 2 | Chemical (1.80) o 299 Continental '(1.20) E : Corn Exchange (4) Empire () ... . Guaranty (200" Trving (1.60) Menufacturers' (2 Trust (5) 5 anty & Trust (480).0 extra 37 SHORT-TERM SECURITIES. (Reported by Chas. D. Barney & Co) Bid. Offer 68 4315 102% 103% 80 82 Allis-Chalmers Co. 55 1937..... American Chain Co. 6s 1933 American Tel. & Tel. 5'2s 1943 Amer Wat. Wks. & EI 55 1934 Baltimore & Ohio 4'xs 1933... 42 Belding Hemingway Co. 6s 1936 80 Bethlehem Steel Corp. 5s 1936. 88!2 Canadian Nor. Rwy. 4lzs 1935. 92% Chi. Northwestern K. R. 55 1933 55 Chicago Rock Island 4s 1934 Cleve. Lor. & Wheeling 55 1933 Colorado & So. Rwy. 4'ss 1035 Commercial Credit Co. 5'2s 1935 Delaware & Hudson Co. 5s 1935 Denver & Rio Grande 4'zs 1936 Gen. Mot Accep. Corp. 65 1937 General Petroleum Corp. 5s 1940 General Public Service 5'2s 1939 Grand Trunk of Canada 6s 1936 Humble Oil 5'as 1832.......... Laclede Gas Light Co. '35 1934. Louisyille & Nashville 5s 1937 New York Cent & H. 4s 1934 New York. Chi, & St. L. 6s 1952 Northwestern Telep. 4'3s 1934 Penna. R. R. Co. 6'2s 1936.... Portland General Elec. 55 Republic Tron & Steel 5s 1940. Sinclair Crude O1l Co. 5las 1938 Southern ‘Pacific 5s 1934. % St. L. LM.S. Ry. R. & G. 45 1333 High. Low. Close. Chee 31 457 . T | Budapest, . | Wars High. Low. 4% 56% 42 Tri-Con 1% Twin Ci 11_ Und 6% Net. L,-Prev. 1933 30 5% 435 31w 5% 5l 4% 4% 3 U g 2 Tri-Contl Corp...... Unjon Bag & Paper... Un Carb & Carb (2).. Un Oil of Calif(1.4 nion Pacific (10)... Un Tank Car (1.40).. Unit Alrcraft. ... Unit Aircraft pf (3). U : U Sales— N Add 00. High. Low Close Chge 2% 2 + % 50 +1% 1 Corp pf (6 ty RapTran Fi 2) £1% ETH +1% 4 nit Biscuit (2). nit Carbon Unit Cigar Stores. Unit Corp (40¢) Unit Corp pf (3). Unit Fruit (3). Unit Gas&Im(1 Unit Gi 'S & F s&Im pL(5).. orn Sec pf. 7S Freight 7 S Gypsum ( TS Hoftman. . Indus Alcoh Lea ther. .. Pipe & Fdry (2 U S Pipe&Fy 1st U S Realty & Imp. U S Rubber 1st pf. U S Smtg & (1). U S Smte&Ref pf 3% U S Steel. e 65% U S Tob: = 20 90 50 10% 215 Util Pwi % % Vadsco 187 U S Steel pf (7) acco (4.40) United Stores (A)... Univ Leaf Tob (3)... Univ Leaf Tob pf(8). Univ Pic 15t pt (8).. r& Lt (A). Sales Corp 6% Vanadium Corp % '3 Va-Car Chemical 29 71 [ War 11% Vulcan Vulcan Detinning Detin pf (7). sh R R.... 6 Wabash R R (A) 19 3 Waldorf Sys (1%).. Walworth Co Ward Baking (B). Ward Baking pf (7). Warn Bi Warren Wesson son ros Pictures. Found & P 0il&Sn (1).. 0&Sn pf(4).. West Pa Elec A (7). W t Pa EIpf (T)... West Pa Pwr pf (6). West Pa Pwr pf (7). Western Maryland Western Union (4).. Westing'se Afr B(1). Westinghottse (1)... Westinghse 1st (313) Westvaco Chlor (1). White Motor. White Rock (4) Wilcox Oil & Gas. Willys-Overland Wilson & Co. Wilson & Co (A) Wiison & Co pf. 45% 28% % 41 17T% 5 17 24 5 17% 8 9 31% Worth F Yestwn 24 1% 1% 9% 10:30 A M. 1:30 P.M 2% TPartly_extra. 2415 14 15+ 3 & rate. in_stock. stock. K Plus 3% . in_stock «' nPlus 5% in stock. p Plus 213 Woolworth (2.40). Worthington Pump.. Pump (A). . Yellow Truck....... Yellow Truck pf. . Sheet&Tube. € ZoniteProd Corp (1) 3 Sales of Stocks on New York Exchange. 200,000 900,000 0 Noon. 2:10 P.M.. 500,000 ++1.100,000 i Dividend rates as given in the above table are the annual cash | ) * 4 | payments based on the latest quarterly or half-yearly deciarations. | SILVER QUOTATIONS. + tPlus 4% In stock. b Payable in stock. tu Plus 2% aPaid this year—no reguiar e Payable in cash or stock. fPlus 3% in stock. JPlus $1 in special preferred m Faid last year—no regular rate. in stock 'FEDERAL RESERVE CREDIT ITEM GAINS Average Daily Amount Outstand- ing for Week Ended May 4 | Was $1,842,000,000. | By the Associated Press. The daily average volume of Fed- | eral Reserve bank credit outstanding during the week ending May 4 was reported by the Federal Reserve banks as $1,842,000,000, an increase of $83, 000,000 compared with the preceding | | week, and of $870,000,000 compared | with the corresponding week in 1931. | On May 4 total Reserve bank credit amounted to $1.859,000,000. an increase | of $74,000,000 for the week. This in-| crease corresponds with increases of $50,000,000 in money in circulation, $33.000,000 in member bank Reserve balances and $4,000,000 in unexpended capital funds, non-member deposits, |etc, and a decrease of $23,000,000 in | monetary gold stock. It was offset in | part by an increase of $35,000,000 in | Zreasury currency adjusted. DIVIDENDS DECLARED NEW YORK, May 6 (#).— Reduced. Am & Gen Sec A..10c Q | Atlas Powder_.....25 Brach EJ & Sons Hathwy Bkrs A..3 Westchester Cty ‘N (Peekskill NY). June 1 June 10 June 1 June 1 May 2 June 1 May 2 June 1 ist pf ' Bridgepori Cy’ “Tr..75¢ Cn Ark P Ser pf 5175 Cent Miss Val Elec Prop 6% pf....51.50 City Ice & Fuel 80c Do pf 31,6212 Conn_ Power ' ..62'ac Kansas City Pow & Lt ist pf B.. .51.50 Kelvtr of Can P. 5175 Knud Crea Co A.37%:c B s s Do B B June 1 June 1 July 1 May 15 Aug. 20 Nov. 20 Aus. 20 Nov. 20 June 1 June 1 June 1 May 16 May 16 June 16 Mar. 1 May 13 May May May Feb. May May 6 Apr. 28 Apr. 28 Mercant e uip M-G- et pf. .47'zc New Meth Lndry Co Ltd 6' pf. $1.62 gt Ry’ & Lana: fac Oahu Sug_Co Ltd. 10c May 15 Werthan Bag Corp 37 pt £1.75 Q May 1 Do 37 pr pf $1.75 Q May 1 FORET3N EXCHANGE. {Quotations furnished by W. B. Hibbs &+Co:) Nominal gold Selling checks value. to . 34.8665 D 391%e 13.91c 23.82¢ 5.26c 193¢ P 13 19:3¢ . 1407 17.49¢ 2.964c 11.32¢ 268 26.8c RZ0 000000000000 DOOD DO London, pound. Paris, Zurich, Athens, crachma Madrid, peseta Vienna. schilling pengo crown (nom.) zloty Copenhagen, Oslo, crown.. Stockholm, crown 26.8¢ discount Montregl, 10} ENTERPRISE SERIAL BUILDING ASSOCIATION 7th and Indiana Ave. N.W. Shares of Stock $1.00 Each, Payable Monthly. 5% paid on stock withdrawn 68th Series of stock now open for subseription Jame: 3 lly. Brevident e Pragi crown . James F. Secretary First Mortgages for Sale 6% JAMES F. SHEA Union Elec. Lt. & Pow. 5s 1933 Ypion OIl Co. of Callf. e 1838 VEER Ry £l 643 Indiana Ave. N.W. | U.s. TREASURY BALANCE. By the Associated Press. Treasury receipts for May 4 were $2.527,817.03; expenditures, $28,217,- 623.17; balance, $697,906,454.58. Customs duties for four days of May, $1,858,613.03. INTEREST RATES. | B the Associated Press. | ~Time money average rates receded |last week on the basis of calculations | submitted to the Commerce Department, but call funds remained unchanged at | previous weeks' levels. The average for both classes of money follows, for com- parable periods, as reported by the de- partment: Time Call Week ended Apri 30.... 2.04 2.50 | Previous week . 242 2.50 Same week last year. 2.00 150 U. S. TREASURY CERTIFICATES (Reported by Chas. D. Barney & Co) | Rate—Maturity Bid off . T032...... 100 732 3 . 1932 . 1932 IAL. STOCKS IN ADVANCE 0N BETTER DEMAND ‘Hoover Msssage Has Good i Effect Upon Market—Gains Well Distributed. BY GEORGE T. HUGHES. Special Dispatch to The Star. NEW YORK. May 6—The stock mar- ket's response to Washington develop- ments today, while somewhat delayed, was as emphatic as the new turn in events warranted. Prices ranged higher during the morning. trading was hesitant and e gains ran cnly to a point or two In the afternoon. however, when the full significance of all that has hap- pened dawned upon the Street, stocks swept forward buoyantly in the most vigorous recovery since the present phase of the long decline began. It was, of course, President Hoover’s message which initiated the rally. The adverse report of the House Ways and Means Committee on the bonus pro- posals accelerated the buying move. ment, which was for both accounts The news that the United States Stee Corporation would cut wages 15 per cent effective May 16, did not diminisk the newborn confidence. Steel stock: as well as the market itself made thei best prices after the announcement. The market opened irregularly higher cted after the overnight orders had been executed and then in the second hour initiated a slow advance. The de- cline had gathered so much momentum that a 1 of thz trend was not casy. From the action of prices qn the tape s reasonable dedu_t on either that the short interest was rela- tively slight or that. entrenched in its position, it slow to take alarm. During the first two hours prices hel¢ | within a narrow range. The mary was_encouraging chiefly because it Wit | no longer necessary to record continu- | ous “new lows.” Gains over the pre- ceding close ran from fractipns to & point or more, but there was no carry- through to the movement. Americar Telephone, Coca Cola, American Car and Consolidated Gas, all of them weak in recent sessions, were consistently supported, but traders were too timid tc buy on the advance. From one point o view this was a favorable indication any sharp upturn being almost certair to bring another reaction The oil stocks magde the best showing as a group. Partly this was due to the realignment going on within the Stand- ard Oil companies, presuming that the Government enters no objection to the plans now being made. An zdvance ir gasoline prices by Standard of New | Jersey helped. Railway shares were nol as steady as the rest of the market, re- covery in that sction being restricted t¢ | the bonds. Earning statements cons tinued to show large decreases over & year ago, but several roads reported the recall of the maintenance forces. NEW YORK, May 6 (#)—Bar silver {steady and unchanged at 271, A Generous Return on Your Investment Combi~ed with I| Safety, when you BUY i OUR FIRST MORTGAGE NOTES Secured on new brick homes in preferred northwest resi- dential sections. Every mort- gage protected by fire insur- ance and title guaranteed by responsible title companies. Conservative Apprais Insur- ing Absolute Safety IN DENOMINATIONS OF $250 and upwards BOSS & PHELP 1417 K St. Realtors. National 9300 ' ‘ e 52nd YEAR COMPLETED WALTER S. PRATT, Jr, Secretary $6,124,601.00 Subscriptions for the 102nd Issue of Stock Being Received Success Equitabl in Saving Thousands perity because they adopted the systematic saving plan of the today enjoy pros- e. Follow their example— save part of your earnings. 915 F St. | SAFE FIRST ver .a Third of a Century Without a very Leoss conservative National 2100 iest citizens would find that they were very These first chased in amounts from $250 up. B. F. SAUL CO. 1 MORTGAGES A SAFE EXAMPLE TO FOLLOW If you were to analyze the se- curities held by some of the wealth- in this country you liberal investors in First Mortgages —not only because of the generous interest definitely paid, but for the soundness which their principal enjoys. of the security OUR 649, FIRST MORTGAGES are the type which has approval of the investor. mortgages may be pur- 925 15th St. N.W. THERE IS NO SUBSTITUTE FOR SAFETY