Evening Star Newspaper, May 26, 1932, Page 14

TA-14 wx FINANCIAL, THE EVENING STAR, WASHINGTON, D. C., THURSDAY, MAY 26, 71932. W.R. & E. EARNINGS | TRANSACTIONS ON THE NEW YORK STOCK EXCHANGE | —Prev.1932—~ Btoux ar 3 Net. | ~—Prev.1933~ ‘Btock and Bales— Net. 1 ~Prev. llllq Stock and Bales— H'sh. Low. Dividend Rate. Low. Close. Chge. | High. Low. , Add 00. High. Low. Close. Chle High. Low. Dividend Rate. Add 00. High. Low. Close. m 3 7% Abitibl Pwr & Paper. 1 1 9 2 Denver& RG W pf.. 1 1% 1% 1% — %| 26 3% Missouri Pacifc pf.. 26 3 2% 2% — % 5% 2 AdamsE1press..... 2% 122 75% Detroit Edison (8).. 5 6% T4 76% +1 10% 6% Mohawk Carpet..... 2 70 §35 Adams Exppf (5)... 108 334 —1%; 16% 12 Diamond Match (1). 12% 12% + %| 30% 18% MonsantoChem1%.. 10 $41,000 Droj Reported.| 20% 16% Adamsdillia@).... 3 17% — %| 241 20% Diamond Mtchpf1% 20% 20% 11X 4% Montgomery Ward. . 5 rop ePOrted.| 13~ 10% Addressograph (1).. 10% 11% 7% Dome Mines (11.20). e 9% 9% 3% 14 Mother Lode. P c s 1:: ::: :efiv"R:.l‘nhyo.‘.‘ 5 l!fi :g“ 12 g:m.hll.l:ll‘florll'::fi) 18% 13% —1%| 26% 13 Motor Produs i iated prod 1.60. . ug roraft 16 6 6 6% 3 Motor Whe . Power Company Scores 62 34w Alr Redustion(t44). §7_ 31 DrugCorp (§)...... 28%’ — %] 13% irway Elec Appl...: Y% nhill Internatl R | 1 1 Increase for Month. 16% 8% Alaska Juneau (60¢) 9% 25% Dupont de Nem (3). . 26% 3% % Alleghany Corp. . 105 88 , Dupont deN db pf(6) 29 87% 38% KEastman Kodak (6). 8 3% Eaton Mfg Co (50¢).. 32% 9% Elec Auto Lite (4). 2% % Electric Boat.. 4 1% Elec&Musical Instre 16% 3% Elec Pwr& Lt (1)... 5% 10% Elec Pwr & Lt pf(6). FINANCIAL. STOCKS IN RALLY AS MARKET CLOSES Reversal of Trend in After- noon Follows Registering of New Lows. 38 Bolv Am pf ww(53) 4% South Port Rice Sug. 87% Sou P Rico Sug pf(8) 19% Southn Cal E4 (2). 74 Southern Pacific. 233 Southern Rallway... 4% Southern Railway pf 7% Spalding (AG)...... 50 Spald(AG)1stpf(7). 1% Sparks-Withington. . 8 Spencer Kellog($0c) . 1 Splegol-May-Stern tand Brands (1.20). Distill gt (1%) 1 Stand GesaBI 034 NEW YOR hough e = %) K, May 26—Al ‘;r‘. ;‘!:§ E:x:au-a(ih)!ump.. €0 ;:\ :::g Gout".:: :; :;} pi 3 prices on the Stock y!xchmn.-t today 334 16% Elec Storage Bat (2) 3% Nat Pwr & Lt (1 *7 Siand ofl of Kansa s e g e b at Pwr & Lt (1). 7 Stand Ofl of Kan: h 36w 25 Endicott-Johnson(3) 16 Natl Steel (1). 19% Stand ONIN J (12 mm‘g.y,mw“k e Meber 107% 99 Endicott-John pf (1) 4 NatSupply Co 1% Sterling Secur pf u"'“d" oon & rally appeared, which Tk B B 26 10 Eng Public Sve (1).. T 7 % Ni . 16 Sterling Secur cv held to the ena. Am Can Co pf (7 10w BheR R e l% 1 N . 24 Stewart War: ey was A1 theimore Te in Cm"k'w“"' : i E 2 P markable because it took place inde- Am ar & Founaey 5 s 3% stndnmarCup pendently of bonds. The marketd for 24% Sun 01l (1) the senior securities did improve slightly in the last hour, but there was Am Chicle (13). Am Com Alcohol no betterment on the bid side. It impossivle to sell blocks of bonds ltm prices quoted on the ticker. The stock market rally coincided with reports frcm Washington of a more - + N & 2% Murray Corp. 9 Nash Motors ( 82,8 z’. 1% Alleg Cp pf 330 ww. . Y 1% Alleg Cp pf $40 ww.. BX EDWARI O SXONE. 6% 1% Alleg Cppf §30 xw.. Severe inroads into the earnings of 87% 49 Allied Chemical (8. 119 96% Allied Chem pf (7).. the Washington Rallway & Electric| “yp, "o \1iig Chalmers(s8e) Co., in April, were again made by the| 16s% 12 Amerada Corp (2)... low-rate taxicabs, according to the| 74 4 Am AgriChem(Del) monthly statement filed with the Public | & Utilities Commission today. Net earn- ings for the month were off more than $41,000 from the corresponding month & year ago. Operating revenues amounted to $400817.70 against the much higher figure last year of $472,906.12; operat- ing expenses were reduced, being $347,- 43491 against $376.873.37 in the like 1931 month, leaving an operating in- come of $53,382.79 in comparison with the higher figures of $96,032.75 a year ago. BY GEORGE T. HUGHES. Bpecial Dispatch to The Star - L TOTNT- 141 - ToY AR 9 ErEEES 614 Am Bank Note. Am Br Shoe (1. Am Brake Sh pf(7 l:++l '+1 41 FEEFEEFS ¥ 1 ¥ 29\ Nevada Con Copper.. 2 Newport Industries. 2 Newton Steel. . 5 N Y Air Brake 10% N Y Central. 14 NY Chlmol!lbu 2% NYChi &StLpf. 82% NY & Harlem (§)... u‘.‘ Investors. . Illil|l*|l* IR PERE ¥ Frsesy Goongen +l # 4 Am Encaustic Tili: Am European Secu! Am & Forgn Pwr. - | 213 Fashion Park As pf.. 2 Federal Mot Truck 3% Fed Water Servic 9% Fed'd Dep Stra (8 7 Fid Ph Fire In( 2% Superior Steel. 6 Sweets Co,Am( % Symington (A) Swon ! f ® FE & Non-operating revenues were sfightly higher. being $24,627.92, compared with $23599.48. After all deductions from gross, the railway company reported total net income of $24.260.39 against $65.330.19, or a falling off of $41.069.80. For the first four months of this year the Rallway & Electric Co. re- ported operating revenues of $1,597,- 747.60 against $1,842,135.59 a year ago: operating expenses and taxes called for $1,405,927.15, compared with $1,515,- 286.20, leaving an operating income for 1\. Am La Fr & Fom 5 Am Locomotivi 30% Am Locomot pf( 10 Am Mch & Fdy 1. 22 Am News (3). 4% Am Pwr & Lt (1). 14% Am P& Ltpf A (5 19% Am Pwr & Lt pf (6).. 80 Filene's.Sons pf 6% 1135 Firestone T & R (1). 47% Firestone T&R pf($) 87% First Natl Strs (3%) 11 Fisk Rubber. 4 3 Foster-Wheeler. .. 14 Fourth 1% Fox Film (A) 13 Freeport-Te: 6 Gamewell C 1% Gen Am Investor: 12 Gen Am Tank Car(4) & 2722222 o v o g N H & Hartford. / NH&Hpt (7)., Ont & Western. § Raflways pf...4 Shipbuilding. .4 N Y Shipbldg pf(7 79 NYSteampf($).... 93% N Y Steam 1st p(dn. 11% Noranda Mines. 66 Norf& Westn (113). 675 Norf & Westn pf (4). 1% North Am Aviafion.. 16% Nor Amer(b10%stk) 35 North Amer pf (3).. s o _oea £E ona FFS IR EREER r 1% Tex Pacific Coal&Oil. 3% Tex Pacific Land Tr.. 2 Thatcher Mfg Co. 10% Third Nat Inv (1. Ml. 2 Tide Water Asso Oll, 12% Timken Roll B1%.. 2% Transamerica Corp.. 1% Tri-Contl Corp. . 42 Tri-Contl Corp Dfll) 20 Trico Products(2%). T (3 favorable attitude in Congress toward the sales tax. That did doubtless help,” but aside from that the market had worked itself into an oversold position. On the comeback the laggards were the tobacco shares, but otherwise the | rally took in practically all groups. Arrangements were announced for a sale of a Stock Exchange seat for $73,000, off $7.000 from the last sale and a new low. The market opened lower all around and added to the losses all through the morning. The stocks that suffered the PLl++)+4+ the four months of $191,820.45 in comparison with the much larger re- turns last year of $326,849.39. Non-operating revenues totaled $516,- ©28.96 against $483,033.34 a year ago. making gross income total $708.449.41 against $809,882.73. Deductions for in- terest. etc., required $216,068.10 while [ g4 this item a year ago totaled $221.476.24, | sgs, Jeaving & net income so far this vear | sou of $492,381.31 against $588,406.49, or a | 88 decrease of $96,025.18. Pepco Earnings Show Increases. Earnings of the Potomac Electric 2&: Power Co., filed with the Public Utili- | 11015 ties Commission today, reveal gains in| “gqi April and in the first four months of the present year. In April operating revenues totaled $914,037.56 against $881,413.49 a year ago, a gain of $32,- 24.08. Operating expenses Trequired 1% Am Zinc & Lead. $465,630.39 against $455,811.91. an in- 14 Am Zinc & Lead crease of $9,818.48, leaving net operating an revenues of $448,407.17 against $425,- % 60157, a gain of $22,805.60. Miscellaneous income was off $12.000 from a year ago, total deductions from gross for interest, etc., leaving a total net income for April amounting to $385,675.92, in comparison with $376,- 324.99, or an increase of $9,350.93. For the first four months of the pres- 4 Am Radiator. 7% Gen Asphalt (1). % 6% Northern Pa Am Rolling Mill 4 11 Gen Baking (2).. 72" 18" Northwest Tela it Am Safey Ras (3)... 1 Gen Bronze.. 1 1 5 Ohlo Ofl (a20¢) Am Seating. 4 g W 5% Gen Cable pt 14 Oliver Farm £quip.. 20 6 24 Gen Clgar (4) 121 Gen Elec (1). 1! Omnibus Corp. 108 Gen Elec spec (60c).. 5% Orpheum Crcult pf. 1208 9 Un Ofl of Calif(1. 21% Gen Food Corp (3). 11 Otis Elevager (3. 384 Un Pacific (6) . “a Gen G&E A (b6 %stk) 3 92 Otis Elev §t (6).. 12 Un Tank Car (1.40).. 1% Otis Stemls....... 3 7 Unit Afreraft. 314 Otin Steed pr pf. 30% Unit Alrcraft pf (3). 35 OutledCo (4). 98% Outlet Qo pf (1) . 16% Unit Biscuit (2). . 2 Tw Unit Carbon. .. 27 19 Oweps Il Glass (3). &7 Unit Corp (40c) .. 26% Unit Corp pf (3). 37 20w PacifcGasa BI (). 31 Am Tobacco pf ( 40 Gen Prtg Ink pf (6).. 41% 23% Padific Lighting (3). 28 3 l{ml Electric Coa ¢ 1 Gen Public Service. 5 Pacific Mills........ 1308 6 14% Unit Fruit (2). .. 9 Gen Rwy Signal (3).. Ecmc mu-lmino-m. 14% Unit Gas&Im(1.30) 3001 9 Twin City Rap Tr pf. % Ulen & Co. 9% Underwood- S 6% Union Bag & 16% Un Carbide & C 1 most were those that up to very re- cently had held up the best. The to- bacco shares were a good illustration. They had been under pressure all the — % | week, although once classed as depres- + % | sion-proof. All the active issues made + % new lows yesterday and there were | more new lows today, with Reynolds B the feature, offered in large blocks with + % a loss of 2 or more points. American Tobacco Class B dropped 3 points, but that is a_higher-priced issue. Liggett & Myers B was down 2 points. Food stocks were without rallying power and the list of new lows in this | group included National Biscuit an Borden. Store stocks went with tri rest, Woolworth, Safeway Stores u& F& FFFEFFE &8 Am Sm & Rfg pf (T). Am Snuff (13%).. Am Stores (12%). Am Sugar (2).. 5 184 Gen Ital Edis (2.06). Am Sugar pt (1) 2815 Gen Mills (3) 6 Am Sumatra Tob. 93 Gen Motors ( 137% Am Tel & Telex (3).. 62% Gen Motors pf ( Am Tobaceo (18).... 313 Gen Outdoor Adv. .. Am Tobacco B (16) . 6 Gen Outdoor Adv (A) 11 o & 4+ ¥ G & FE I+ % Gen Realty & Util... 88% Baciflo T & T pf (6. 80% Unit Gas&Im pf(5) 5% Gen Realty & Utll pf. 2" Packard Motor Car... . DT Wi % Gen Theater Equip. . % 17%,’Pan-Amer Pet (1.60) A0S Uit Blace D uC €34 IBH Glllette Stf Ras(1).. 16 Pan-Am Pet B(1.60)., 80 Glllette Saf R pf(5). 1% Paramount Publix. . 1% Gimbel Broi Park & Tllford. 3% Giidden Co. Park Utah... 1%% ((‘:oa;ID(Adollf‘o) Parmelee Transport. W Gol ust (1. e Pathe Exchange (A Armour of Il (A). 27 Goodrich (B F) Patino Mines. ) Armour of 11 (B). Goodyear Tire&Ru Peerless Motor Car. :m::;‘;ftm ot 25 Goodyear st pf (T). Penick & Ford (1)... 7% Gotham Silk Hoslery Penney (J C) (2.40). Art Metal Construc.. 2 4 50% Gotham S H pf (7). Penney (JC) pt A (§) Atchison (4) 5 4 ] ent year the power company reported Atch To&S Fepf(5). 3 e e o EeanbisleCmtpe s gain in operating revenues of $188.- Atlantic Coast Line.. 11 08661, while deductions from operating Atlantic Refining (1) 15 % CiandEle: Bie N e revenues to cover expenses showed an Al owder (1).... _ 4 22% Grand Union pf (3).. Pere Marquette pr pt Increase of $66,696.58. Atlas Powder pf (6). 160s 11 Granite City Stl (2) Pet Milk Net operating revenues totaled $1.- Auburn Auto (£4)... 209 15% Grant (W T) (1). Petrol Corp of Am. .. 898,751.93 against $1,777.661.90 in 1931, Austin Nich pt A 1% 1808 5 Great Northern pf(1) Phelps Dodge Co. & gain of $121,090,03. Miscellaneous in- Aviation Corp (Del). 20 6 Great North Ore(2). .o Drug. Inc., among others. Rails a1 utilities worked lower, with record lo: prices for Atchison, just above $25 a share, Union Pacific under 37, Pennsyl- vania under 8, and New York Centra} and Lackawanna at $10 each Utllities that vielded _easily were Nonh American Co. and Pacific Light- ing, American Telephone made a new low by a fraction. For a time the gen- eral industrials gave a better account of themselves, presumably because of short covering. but their resistance was only temporary. Allied Chemical drop~ ped under 50, General Electric under 12, American Can under 36. ()20 FEFFE & OFFSF I+ 1 Leath pr pt ( Plpe & Fdry (2). Pipe&Fy 1st 1.20 Realty & Imp. Rubber 18t pf ... Smtg & Ref (1). Smtg&kRef pf 3% S Steal...... U S Steel pf (7) U 8 Tobaccs ) United Stores (A)... Unit Stores pf(3%). Ubiv Leaf Tob (3)... ® S 4100 +4 A FrEF FEEE Short Positions on Curb. NEW YORK, May 26 (#).— Short positions in all securities listed on the New York Curb Exchange as of May 16 [ERE R e come showed a drop of over $57,000, while gross income revealed an advance of $63,632.19. Deductions totaled $307,- 36241 compared with $201.696.17, a gain of $15666.24, leaving total net in- come of 8164194043 compared with $1,503,974.48, or an improvement in net o far this year of $47,965.95. Lynch Heads Life Underwriters. John P. Lynch of the New York Life Insurance Co. was elected president of the District of Columbia Life Under- writers’ Association, for the coming year, by the board of directors yester- day, the Tetiring president being David 8. Bethune of the Equitable Life Insur- ance Co., New York. John L. MCcElfresh, Connecticut Mutual, was elected first vice president, gucceeding Philip L. Baldwin, North- ‘Western Mutual, and Horace Winter. avelers Insurance Co., follows J. E. cCombs, Mutual Life Insurance Co. of New York as second vice president. The new secretary is George T. Black, Sun Life Insurance Co., who succeeds Daniel J. Harrison of Massachusetts Mutual Life Insurance Co. George B. Farquhar, Penn Mutual Life Insurance Co., was re-elected treasurer. Mr. Bethune was chairman of the meeting of directors and Mr. Harrison secretary. Other directors in attend- ance were Paul D. Sleeper, Aetna Life Insurance Co.; Mr. McElfresh, Mr. Lynch, Thomas P. Morgan, jr., Mutual Life: Horace Winter and Carl Smith Dow, Northwestern Mutual. ‘The many Washington bank friends of Col. William G. Edens, former vice pl‘estdem of the Central Republic Bank & Trust Co. of Chicago, were pleased to learn today of his re-election to the Executive Council of the American Bankers' Association by the members of the Illinois State Bankers' Association, in convention at Springfield. Col. Edens is now an inactive vice president of the Congress Trust & Savings Bank. Chica- £0, and is in Washington in the interest of the Century of Progress, Chicago's International Centennial Celebration, Which opens on June 1, 1933. Power Stock Leads Exchange. Seven 10-share sales of Potomac ?lecme Power 5, preferred stock at 03 lead trading on the Washington Stock Exchange today. In the bond division $1,000 Capital Traction 5s came out at 50, $500 Washington Gas 5s changed hands at 100% and $700 and $300 Washington Gas 6s, series A, bonds moved at 98%. ‘The report of Loft Inc., for the first #our months of 1932 shows sales amounting to $4,663.616.61, an increase of $399,247.97, or 9.3 per cent. The company also reports an increase in customers of 918,342, or 9 per-cent over the same perfod in 1931. ‘The managers of the District Bank- ers’ Association coming convention an- nounced today that there has been ® substantial pick-up in the speed in which reservat! requests are arriving. The outlook for a large attendance is mow considered bright. The number of Pennsylvania Rail- road stockholders continues to in- crease, according to announcement made today, which discloséd that 249,- 228 stockholders were registered on the company’s books on May 1, an increase of 904 stockholders over the preceding month. Heard in Financial District. International Business = Machines Corp. has' declared two regular quar- terly dividends of $1.50 each. The first is payable July 11 to stock of record June 22, and second payable October 10 to stock of record September 22. Ac- tion on the October dividend was taken at this time because of a possible lack of quorum at the Summer meeting. The first currency to bear the signa- ture of Ogden L. Mills as Secretary of Treasury will be put ‘into circulation about September 1. The first sheet of 81 bills signed by Secretary Mills was distributed to members of the Secre- tary's family, and the second lot, per- sonally autographed by Mills, were given to newspaper correspondents covering the Treasury. Justin Pebers, president of the Penn- sylvania Lumbermen’s Mutual Fire In- surance Co., and a director in the Na- tional Underwriters’ Mutual Insurance Co.. has been elected a director in the S. Chamber of Commerce. His com- Y]&nies ‘maintain offices in Washington, is son, Albert R. Peters, being the man- Dlncwn of Maryland Casualty Co. have recommended reduction in capital stock to $1,000,000 from $5,000,000, 41 4% % 1% 7 2% Baldwin Locomott 10% Baldwin Loco pf 731 Bamberger pf 12 Bangor&Arostk(2) 16% Bentrice Cream (4).. L. 2 70 Beatrice Crm p£(7).. 361 Beech-Nut Pkg (3).. 2% Belding-Hemingway. 59 Belg NatRy pf m¢.81. 474 Bendix Aviation 61 Best & Co. 11% Bethlehem Steel 31 Bethlehem Stl pf (1) 5% Bohn Alumn & Brass 24 Borden Co (3).....0. 4 Borg Warner (1) 315 Briggs Mg (1). 4% Briggs&Stratton(1). 27% Bklyn-Man Tran (4). 50 Bklyn-Man Tr pf (§) 5% Bklyn & Queens..... 45 Bkiyn&Queens pf(8) 65 Bklyn Union Gas(b 1% Brunsw-Balk 214 Bucyrus-Erfe 1 Budd (E G) My 1% Budd Whea! 2% Bullard Co 6% Burroughs Add(30e). 4 Bush Terminal(3%). 26% Bush Terminal pf(7) 3 Butte Copper & Zinc. % Butte & Superior 5 California Packing.. 2 Calumet & Hecla. . 3 Campbell-WyantFy. 6% Canada Dry (1.20)... 7% Canadian Pacific14. 14% Cannon Mills (1.60).. 214 Capital Admin (A).. 204 Capital Ad pf(A) (3) 174 Case (JI) Co....... 5% Caterpillar Trac 5oc. 2 Celanese Corp....... 8% Cent Aguirre (1%).. 5 Cerro de Pasco Cop.. 1% Certain-teed Prod. .. 3 Checker Cab Mfgr... 12% Ches & Ohio (2%)... 61 Chesapeake Corp (2) 1% Chi Great Western. ., 2% Chi Great West p! 1% Chi Mil StB & Pac 1% Chi Mil StP & Pac 2% Chi & Northwestern.. 11 Chi Rock I & Pacifie. 2 ChiR1&Pac 6% pf. 43 Chi R1& Pac 7% pf 515 Chrysler Corp (1). 15 City Ice&Fuel (3.60) 50 - City Investing (5)... 10 Cluett Peabody (3). 88% Coca Cola (18).. 44% Coca-Cola (A) (3 1314 Colgate-Pal-P (23). 4 Collins & Afkman. . 9 Colonial Beacon 3% Colo Fuel & Iron 8 Colo & Sou 1st p 614 Columbia Gas (b1) 12 Comecl Inv Trust (2). 58 Comm Inv cv pf 4% Comm Solv ( 2% Cumwith & Sou(30¢) 36 Comwith&Sou pf (§) 7% Congolm Nairn (1).. 7 Consol Cigar (3) 20 Consol Cgr pr pt §%. 1% Consol Film.... 3 Consol Film pf (2).. 424% Consol GasN Y (4).. 81% Consol Gas NY pf(§) 6 Consol Laundries(1) 4% Consol Ofl Cerp. .. 79 Consol Ofl Cp Df(l). % Consol Textile...... % Container Corp (A’ 28% Contl Baking pf 20% Contl Can (2%). 3 Cont Diamond Fil 6% Cont Insur (3.40) % Cuba Cane Products. % Cuban-Am Sugar.... 4 Cuban-Am Sugar pf. 21 Cudahy Packing (¢). 55 Curtis Publish p£(7). ERTS 1<} - [ S +10040 141+ - O JEPETOPNIPS- 19 3 I +) & TH+1 1 ++ FEIF F FFER PTX FFFEEEP FE P¥ 14+ +H1++ 1 35 25% 84 13% 9% 9 33 110 37 18% 6% ‘ 2% 6% 3% 18 46% 24% 8 59% 1% 21 16% 22 3 72 4% 1% 36% 16% 2% si« 3% Great Western Sug.. Great Wn Sug pf(7). Grigsby Grunow. Gulf States Ste Hahn Dept Stor Hanna pf (7). son & Walker. Hershey Choc (§) Hershey Choc pf 15 Homestake Min (9) Houdatlle He: Houston O1l. Houston Oil (new). Howe Sound (1).... Hudson & Man (3%). Hudson Man pf (5).. 314 Hudson Motor Car. 1% Hupp Motors 6 Illinois Central 1214 1llinois Central pf. 20's Illinois Cent11 (4 13 Indian Motor Cycle 1 Indian Refining 10% Indust Rayon (4) 14% Ingersoll Rand (3 Inspiration Copper. . 4% Ins'sharesDel a62lac Ins'shares (Md) . Interboro Rap Trans Interlake Iron. .. Int Bus Machine(n Int Cement. . Int Combustion Int Harvester (1.80). Int Harvester pt (7). Int Hydro E1A (e2). Irt Nickel of Ca: Int Paper pf... Int Printg Ink pf (6) Int Rys Cent Am.... 1 Int Salt (1%).... Int Shoe (3). Int Silver.... Int Silver pf (4). Int Tele & Teleg. Intst Dp St pf xw(7) Investors Equity.... 10% Island Cr'k Coal (3). 17 Jewel Tea (14%).... 10% Johns-Manv!lle. . 42 Jones & Laugh pf4) 4% Kansas City Southn. 3 Kautmnn DS (80c) 5% Kayser (J) & Co. % Kelly-Spring Ti 2% Kelvinator Corp. 20% Kendall Co pf (6) 5% Kennecott Copper 12% Kimberly-Clark (1 5 Kinney (G R) Co pf 19 Kresge Dept Strs.pfy 8% Kresge (S S) (1.60) 88 Kresge (SS) pf @) J. 24'% Kress (SH) Co 11% Kroger Grocery. s 80% Lambert Co (8)..4.. 2% Lane Bryant. ... 1% Les Rubber & THre 3% Leh.Port Cement 1 Lehigh Valley Coal 6% Lehigh Vallgy R R. 31% Lehman Corip (2.40). 104 Lehn & Fink Prod(2) 3% Libbey Owens Glass. 85% Liggett & Jdyers(15) 37% Ligg & Myers B (15) 15% Lily Tullp Cup (1%) 8% Lima Locomotive. ... 9 Liquid Garbonie (2 17% Loew’s Lpc (14) b4% Loew’s/Inc pf ( 2% LoftIi % Long Fell 164 Loos¢.-Wiles (13). us% 109 Looye Wiles 1st (7). fllard (P) (1.20). McAnd & For (1.40). 12 . McCall Corpn (2).... 13 Mclntyre Porc M (1) 30j4 McKeesport TP (4). 4 MoKesson & Robbins Macy (R H) (n3) 214 Madison Sq Gard. Mallison & Co. .. % Manhat Elev gtd 5% Manhat Elev mod gtd 4 Manhattan Shirt.... 6% Marine Midld(80c) 9% Mathieson Alk (13%) 11 May Dept Stores 1.30 2 Maytag Co.. o3 » MO NID I NE % AAINNRCON VAR NE W NRE TN DS ANNO=© - 3 $ w 8% 3 Maytag pf ww. FEFETESF BRI A E ] v w —3% 2477,—12% = Y% - u o+ % -2 ‘204 -1 i I3 9 F FELEE FEi¥i2 HE] L4 J+14]+ a . e b PV +4+0+010 I+ A A e i RS T | Phila Co 6% pt (3).. % Phila & Read C&1I.. Prillips Petroleum. Plerce OIl. . Plerce Ofl pf. Pierce Petrol Pillsbry Flour (2 Pitts Coal pf. Port Ric Am T Port Ric Am Tob(B) Pressed Steel Car. Proc & Gamb pf (5). Public Sve NJ (3.40) Public Sve NJ pf (§). 25 12! Pull ln Corp (3) 54 3y Pu sow 50 Dure ol pt i 16% 4% Purity Bake: 10% 3 Radio Cori 4+ Radio Corppf A '\fi . 6 Radio Corp pf B Radio-Kelth-Orp] Raybestos-Man (6 Reading Rwy (1). Real Silk Hosfery Real Stik Hoslery Remington-Rand Rem Rand 1st pf. Republic Steel pf. Revere Copper (A).. Revgolds Met (13%4). Reynolds Spring. ... Reynolds Tob A (3). Reynolds Tob B (3). Ins of Amer.. 12% Royal Dtch (a8lc).. 3% Rutland RR p! 10 Schulte Ret Stor pf. 28 Scott Paper (1.40) % Seaboard Alr Line 6% Seaboard O1l Del 40c. 15 Sears Roebuck (3%) 1% Servel Inc.. . 2 Sharp& Dohm 5% Shattuck (F G) (1).. 21 Shell Union Oil... 19 Shell Union Oll pf... 3% Simmons Co. ... 3% Simms Petroleum \ldsco Warner Warren Warren son Bar ofite. 3Pl rate. bPaysblé in in stock Univ Fle 1st pf (8) Jtil Pwr & Lt (A Webste: Webster-Efsenlhr pf 26% -2 9% 9% % White Sewing M pf.. 2% Wilcox Oil & Gai 15 Wilcox Rich A (23). % Willys-Overland. 7 Willys-Overland pf. 15 Wilson & Co pf. 261 Woolworth (2.40) 7% Worthington Pump 33 Wrigley (Wm) (4). 10% 1-. Yale & Towne (1). 5 ow Truck. 24 u Yellow Truck pf. 108 94 3% Young Spring&W 4 ————— 9% 6 Zonits Products(60c) 16 Sales of Stocks on New York Exehange. Plus tock. k Plus 3% ‘in %ius 5% In stock. b Phus 214% b stee FREFE Cor; Sales pf. 6% Vanadium Corp Waldorf Sys (133). Walgreen pf (633) Ward Baking (A). Ward Bakinz (B). Warn Bros Picture Quinlan. % Bros. . 2 Broscv pf. « -% Eisenlohr. . 1 % — | O11&Sn (1).. 461 + 1 31 +1 6% — % 81 -2 9% — & | 1% + %) | ern Unfon (¢).. ng’se Air B(1). nghouse (1)... nghse 1st (3%) vaco Chlor (1) . Motor. .. ock (4) wing Mach. » = o 00T 80 0 » H +_ 200,000 :2:00 N +1,300,000 2:10 P.M. n.in the sbore table aocd on the Ta iatest alarterly lus 4% in stock. I‘MR Dl e Pa or $1 in special preferred ock B Pald last year—no resular rats. CORPORATION REPORTS TRENDS AND PROSPECTS OF LEADING ORGANIZATIONS. NEW YORK, May 26.—The following is a summary of important corporation news prepared by the Standard Statis- ties Co., Inc., New York, for the Asso- clated Press: News Trend. Electric power production in the week ended May 21 made a slightly better comparison with the like 1931 period than was reported for the previous week. According to the National Electric Light Association, output amounted to 1,435,731,000 kilowatt «hours, which com- pares with 1,644,783,000 kilowatt hours in the corresponding week of last year, a decrease of 12.7 per cent. In the revioun week output was 13.1 per cent low last year. Steel t production declined to 24 per cent of the npncny from 25 per cent, according to the Iron Age. Although’ there were increases in out- t, in some sections, they were not suf- clent to offset the decreases in other parts of the country. Third-quarter prices of finished steel products are now under consideration snu it is !elt that most of the current prices will be mln tained, with the possible exception of automobile body stock and some other special finishes of steel and on hot- rolled strip steel. ‘The Companies. Eastern Utilities Investing Co. clared quarterly dividends of $1.75 on l'l prefe lerred mn Co. current terly common dividend; paid 30 cents March 27, 1932. Northern States Power Co. (Del) gross earnings 12 months to April 30, including subsidiaries up 7.5 per cent, total income up 3.2 per cent. Perfect Circle Co. replacement busi- ness :‘dd“ to 1931 levels; present trend upwas mmz Dental Mfg. deficit, quarter ended March 31, 1932, $85105 vs. net income $74,356 equal to 19 cents a com- mon share. Ruberoid Co. declared 50 cents com- mon dividend; formerly peid $1 quar- ter] 3 ly. Standard Oil of Kansas to build pipe line from Neodesha, Kan., to Ritz ton Pool; cost about $1,250,000. United Cigar Stores of America prof- | 3 its running below year ago; $670,000 an- nual savings expected from salary cuts. United Railways & Electric of Balti- more April net loss $115,804 vs. net in- come $11,450; four months net loss $464.413 vs. net income $6,962. Celotex Co.—Two minority stock- holders file accounting suit; allege di- version of funds to maintain staff for handling of Mr. Dahlberg’s affairs. 10 gt 15 bo0etom il from s . ler Gaxadfen National Ry. National Standerd Co. declared 30 cents dividend; paid 50 cents April 1. San Joaquin t & Power rate cuts to_cut revenues of company by $75,000. ‘Wisconsin Power & nues, 12 months to cent; n:& before depreciation per cent M.hnm: Gulf & West Indies 8. 8. me: $5 preferred share earnings quar- March 31, 1932, ”mfi.'l nuo. Crown ' Willamette Co. de- :tho:.kd $1 dividend on preferred U. S. TREASURY BALANCE. By the Associated Press. Treasury receipts for May 24 were $3,188,679.18; expenditures, $6,922,13! 63; balance, $442,879,895.04. Customs duties for 24 days of May were $14,- 275,809.28. U. 8. TREASURY CERTIFICATES (Reported by Chas. D. Barney & Co.) Bate—Maturity . Bid. Offer. 2%s a5 100 1932 100 9-33 100 28-32 totaled 58,535 shares, compared with 57,258 shares on May 2, the exchange announced today. During this period 1,440,140 shares were dealt in. NEW YORK BANK STOCKS NEW YORK, May 26 (#).—Over-the- counter market Bid Asked. 26 | Manhattan 2) | National _City | Publie " (2) %! | Trust Companies. Bankers' (3) | Brooklyn Trust (16) O!mul Hanover (7} Chem! 1.80) Gontinental (120 Corn Exchange ‘4\ | Empire (2) | Guaranty (20 Irving (1.60) . | Manufactures New York Trust (8! Title Guaranty & Trust (4.80) ——Includes _extra edn ABUNDANT YIELD for a conservative investment . . SAFETY because of the security. ..CONVENIENT in the denominations of $250 up. FIRST MORTGAGE NOTES secured on conservatively ap- praised improved properties in the District of Columbia and adjacent Maryland suburbs. H. L. Rust Company 101 8-32 101 19-3: 102 3-32 1 102 6-32 102 833 108 $33a < 100 o8 1 32 100 00 26- 28-32 . 101 26-33 101 38-32 Apartment House 1001 15th Street. NA. 8100 Member Washington Real Estate Board PROPERTY MANAGEMENT i MANAGEMENT mistake in judgment can cost more than our entire fee for apartment house management. Long experience makes us master of every situation—and gives us economic control of CV’QIy &M. . Let us outline just what this service of ours comprehends. nput business above year Erie Railroad net operating 20.7 per cent; four Pucking Go, declared &2 ly dividend; formerly through reducing vllue of the Ih‘ru to $2 from l $4,000,000 will be transferred to surpllm % Curtiss Wright..... - "2% 1% Mengel Co.. 1% Curtis Wright (A) 22% 16% Met- Gn!d Pic Pf 1.4 ll. 67 Cushmans pt (7) 0!% 41% 4% 1% Miami Copper. 10 4% Cutler Hamm 2 4 3% -3/ 614 3% Mid Continent Petm.. | SILVER QUOTATIONS. 5% 4% Davesa Stores (60¢). wop i M ‘NEW YORK, May 26 (#).—Noon— 5% 1% Davison Chemieal... m - 2% % Minn Moline Pow. Silver futures dull; sales, 25,000 ounces. 3 1% Debenhams Security. N i 3% 1 MStP&SSMpf May, 27.95 bid; July, 28.10 bid; Septem- 154 = 6% Deere & Co (40¢).... 8% T% 1% Mo Kan & Texa: ber, '28.30 bid; Optober, 28.50 bid; De- 89% 47 Dplaware & Hud (3). / 21% 414 Mo Kan & Texas pf., cemben, 26.75 bid, 28% 10% Dplaware Lack & W, z. 11 3% Missour Pacifio. come of ‘months London B. F. SAUL CO. 925 15th St. N.W. Nat'l 2100 MORTGAGE LOANS Y- TP T T ityre Porcupine Mines, Ltd., had record output of 255,000 tons in first four and one-half months; value abous $2,100,000 exclusive of premium. Parafin Cos. defers action on quar- - saTmne