Evening Star Newspaper, June 15, 1932, Page 14

A4 *xn BONDS FEATURED ON D. G. EXCHANG Trading Picks Up, With Sev- eral Issues Showing Small Advances. BY EDWARD C. STONE. Trading on the Washington Stock Exchange today was the most active in se‘enl sessions. Bonds were the lead- The market opened with $500 Wash- ington Gas Light 5s selling at 1003, followed by a $500 sale in Washington Gas 6s, serles B, at 100%3. Washington Railway & Electric 4s figured in a $1,000 sae av 807 and in another similar transfer on an ad- vance to 81. The bond market closed with $1,000 Washington Gas 5s chang- ing hands at 100. The first sale in the stock division was a small lot of Capital Traction at 10, this stock now being quoted with- out the recently declared dividend, the stock now being on a basis of $1 a year. ‘The quarterly dividend was cut from 50 cents to 25 at the last meeting of the directors. National Mortgage & Investment pre- ferred came out at 3, recording an un- usually large turnover, three 100-share blocks and one 75-share lot figuring in the day’s business., Potomac Electric Power 5, per cent preferred was ac- tive, six small transactions taking place at 101 Special Bankers’ Meeting Called. Charles H. Doing. newly elected sec- retary of the District Bankers' Associa- tion, has sent out his first official no- tice to member banks, calling a special meeting on Friday afternoon at 4 o'clock, in the directors’ room of the American Security & Trust Co., for the “purpose of considering a uniform plan for handling the collection of taxes on checks and safe deposit rentals.” A special committee from the audi- tors’ section of the association has been giving this matter special study, and copies of a special report from the com- mittee are to be furnished member banks before Friday's meeting. The matter was also given much considera- tion at the recent convention. Plans for payment of the new 2-cent tax on every check, draft or money- order, were issued today by the Bureau of Internal Revenue, and sent to col- lectors throughout the country for use for collecting this far-reaching levy on the American people. Complete regu- lations as to how the law will be ad- ministered are expected soon. ‘The 10 per cent tax on safety deposit boxes will be collected by the person or institution renting the box, and will be paid to the collector. This return is to be made on the same form with the tax on checks. Other forms issued today include one for the tax on payment of electrical energy, telegraph and telephone facili- ;;APS and transportation of oil by pipe ne. U. S. Savings Declares Dividend. ‘The directors of the United States Bavings Bank, Wade H. Cooper, presi- dent, have declared the regular quar- terly dividend due at this time, of 712 per cent, payable on June 30. The Virginian Railway has declared the regular quarterly dividend of $1.50 on the common stock, payable July 1 to stock of record June 18. G. C. Murphy Co. declared the regu- lar quarterly dividend of $2 on the pre- ferred stock, payable July 2 to stock of record June 21. National Biscuit Co. declared regular quarterly dividend of 70 cents on com- mon, payable October 15 to stock of record September 15, and $1.75 on the preferred, payable August 31 to stock of Tecord August 12. Fiduciaries Committee Named. ‘The executive council of the fidu- ciaries section of the District Bankers' Association was named for the coming year during the meeting at Hot Springs. It consists of Leonard Marbury, Wash- ington Loan & Trust Co.; William E. Howard, National Bank of Washington; Sidney F. Taliaferro, Riggs National Bank, and David Bonet, National Sav- ings & Trust Co. These men, who are actively connected with the trust de- partments in their respective banks, will soon elect a chairman for the fiduciaries section for the coming year. Kenneth F. Brooks, assistant trust officer at Riggs, is just finishing a very successful year as section chairman, his report being a feature of the annual conven- tion. Savings Bank Elects Officers. John C. Yost was reelected president of the East Washington Savings Bank at the annual organization meeting held by the directors late yesterday. S. H. Walker was made first vice presi- dent, Lewis Flemer, second vice presi- dent; S. Wilson Earnshaw, secretary and treasurer, and Walter H. Harlow, Jr, attorney. Mr. Yost has been at the head of the bank for many years. The bank was organized fbout 26 years ago and has always done business at the same location, 312 Pennsylvania avenue southeast. Heard in Financial District. ‘The Washington Stock Exchange ad- Journed today out of respect for L. L. ‘Thompson, whose death occurred yes- terday. He had been a member of the exchange for many years. A commit- tee was appointed to attend the funeral tomorrow., James M . Johnston of James M. Johnston & Co. announces that J. Gib- son Kincheloe, for the past four yvears manager of the Washington office of H. M. Byllesby & Co., has become asso- ciated with his firm. He is a graduate of Episcopal High School, Washington and Lee University and the Babson In- stitute. He was in the United States Infantry during the World War and has been in the investment security business since that time. CHICAGO LIVE STOCK MARKET CHICAGO, June 15 (#).—(United States Department of Agriculture.)— Hogs—17,000, including 5,000 direct; strong to 5 higher; packing sows, 5a10 up; 180-220 pounds, 3.65a3.75; top, 3.80; 230-260 pounds, 3.5583.70; 270- 320 pounds, 3.40a3.55; 140-160 pounds, 3.40a3.65; pigs, 3.00a3.40; packing sows, 2.80a3.15; light light, good and choice, 140-160 “ pounds, 3.35a3.65; light weight, 160-200 pounds, 3.45a3.80; medium weight, ~ 200-250 pounds, 3.5523.80; heavy weight, 250-350 pounds, 3.3023.65; packing sows, medium and good, 275-500 pounds, 2.80a3.20; pigs, good and choice, 100-130 pounds, 3.00 &3.400 Cattle—6,000; calves, 2,000; fed steers and vearlings, 15a25 higher: active at advance; largely shipper market on bet- ter grade steers and long yearlings; top. 7.65 on weighty steers, 7.50 on yearlings; dry lots, cows and butcher heifers, firm to higher; grassy kinds slow, steady; steers, good and choice, 600~ 900 pounds, 6.50a7.75; 900-1,100 pounds, 6.50a7.75; 1,100-1,300 pounds, 6.50a7.75; 1,300-1,500 pounds, 6.75a7.75; common and medium, 600-1,300 pounds, 4.25a 6.75. Heifers, good and choice, 550-850 pounds, 5.50a6.60; common and medium, 3.75a5.50; cows, good and choice, 3.00a 5.00; common and medium, 2.50a3.00; Jow wfitter and cutter, 1.50a2.50; bulls (yearlings excluded), good and choice (beef), 3.00a4.25; cutter to medium, 2.25a3.10; vealers (milk fed), goed and choice, 5.5026.25; medium, 5.00a5 50; cull and common, 3.50a5.00; stocker and feeder cattle, steers, good and choice, 500-1,050 pounds, 5.00a6.25; ccmmon and medium, 3.75a5.00. Sheep—Receipts, 9,000 head; slow but fully steady; good to choice native ewe and wether lambs, 6.25a6.75, few 7.00; best held higher; throwouts around 4.50; yearlings, 3.50a5.00, lambs, 90 unds dm good and choice, 6.25a med| 5.2586.25; all weights, common, 4.005.25; ewes, 9! medium to chois .0082.25, oulyand mma FINANCIAL. .THE EVENING STAR; WASHINGTON, D. C, WEDNESDAY, JUNE 15, 1932. FINANCIAL. TRANSACTIONS ON THE NEW YORK STOCK EXCHANGE n-mss-mn—uu—ahmwunu-. fruv.un« 8 Bales— 21% 41 9y 9% 57 43y 4% 62% id dll AMOO. Adam m'!’ln . 14 0., 844 Alr Reduction(143). 7% Alaska Juneau (50¢) hany Corp. Allied Chemical (§) 961 Allled Chem pf (7).. 4 Allis-Chalmers(50c) 12 Amerada Corp (2)... 5 Am Bank Note...... 1 Am Beet Sugar pf. 6% Am Brake Sh&F (60c) 42 Am Brake Sh pf(7). 34% Am Can Cb (16) 3% Am Car & Foun 18% Am Car & Fdy pf (7) 18 Am Chicle (13)...... 11 Am Com Alcohol new 2 Am & Forgn Pwr.... 5 Am&Forgn Pw(T)pf. 2% Am & For Pwr 2d nf. 3 Am Haw St'ship (1).x 25 Am Home Prod 9 AmlIce (2) 813 Am Mch & Fdy 1. 1% Am Metal Co... 61 Am Metals pf. 3 AmPwr&Lt(1).. 14% AmP & Lt pf A (5) Am Safey Ras (3)... Am Shipbuilding(3). 5% Am Smelt & Ref..... 27 AmSm&Rfgpt (T). 3 Am Steel Foundry. Am Sugarpf (T)...q 801 Am Tel & Teleg (3) 40's Am Tobacco (18 44 Am Tobacco B ( 95% Am Tobacco pf (§ 11 Am Water Wks (2).. 11, Am Wat Wks cfs(2). Am Woolen vtc new.. 15% Am Woolen Co pf. 3% Anaconda Copper. 5% Anchor Cap (1.20) 7 Archer-Danfels (1 5 Armour of Ill (A) % Armour of Ill (B)..« % Associated Apparel.. 23% Atchison (4).......e 42% Atch To&S Fe pf(5)a 9% Atlantic Coast Line., 8% Atlantic Refining (1) 28% Auburn Auto (f4) 1% Aviation Corp (Del 3% Baltimore & Obio. Balto & Ohio pf Bamberger pf (6%4).. Bang & Aroos pf (7). Barnsdall Corp.... Beatrice Cream( Belding-Hemingway Belgian Nat Rwys pf 20s 208 1 Bethlehem Stl pf (1) % Bloomingdale Bros. . Bohn Alumn & Brass Borden Co (3) Borg Warner. Briggs Mfg (1). Brockway Mot Trk. . Bklyn-Man Tran (4) Bklyn-Man Tr pf (6) Bklyn&Queens pt(6) x Bklyn Union Gast5). Brown Shoe (3) Bruns Term & Rwy| Bucyrus pf (7). Bulova Watch Burroughs Ald(l'e). Bush Terminal(2%). 5 Bush Term deb (7). Bush Terminal pf(7 Butte Copper & Zinc Byers (AM)..... 117 4% Callfornia Packing. % 1314 20% 30 16% 33% 64 213 Campbell-Wyant Fy. 6 Canada Dry (1.20)... 7y Canadian Pacific 1%. 20% Capital Ad pf(A) (3) 16% Case (J I) Co. . 30 se (J I) of (T). 4% Caterpillar Trae b 7% Cent Aguirre (1%).. 66 Century Rib M pf(7). 313 Cerro de Pasco Cop 10% Ches & Ohio (2%)... 5 Chesapeake Corp (2) 1% Chi Great Western. ., 215 Chi Great West pf. 3 Chi Mil StP & Pac. 11 Chi Mil StP & Pac pf. 2 Chi & Northwestern.. 1% Chi Rock I & Pacifie. % City Stor 10 Cluett Pelbody Q). 86 Coca Cola (18)... 12% Colgate-Pal-P {!%). 2% Collins & Afkman. 4% Columbia Gas (b1). 4% Columbia Pic ctfs 13% Columbiap Carb (3) = 3% Comm Credit (50¢).. 18 Coml Credit A (3) 11% Comel Cred pf (1%). 40 Comcl Cred 15t(6%). 10% Comcl Cred pf B (2). 10% Comcl Inv Trust (2). 65'9 Comm Inv cv pf (el 315 Comm Solv (80¢). 1% Comwlith & Sou(30c) 1161- 27% Comwlth&Sou pf (6) 4 63 Congolm Nairn (1) 5 4 Congress Clzar (1 31% Consol GasN Y (4 72% Consol Gas NY pf(§ 5 Consol Laundries(1) x 4 Consol Oil Cerp % Consol Textile % Contl Baking (B). ... 247% Contl Baking pf (6). 19% Contl Can (2%).. 6% Cont Insur (2.40)...) % Contl Motor 3% Contl Ol (De % Contl Share 25% Corn Produ 99% Corn Prod pf (7). 1% Coty Inc....... 15 Creamof Wht 12% . 2% Crosley Radio.. 7% Crown C'k & S (1.20), 6 Crucible Steel. . 15% Crucible Steel pf. 1 Cuba Co. . 20 Cudahy Pack (2%).. 11% Curtis Publishing(3) 7% Curtiss Wright....., 524 Cushmans pf (3 Decre & Co pf (6) Delaware & Hud (9). Delaware Lack & W.. Detroit Edison (8). Diamond Match (1). 5 Diamond Mtch pf 1% Dome Mines (11.20). Douglas Aircraft (1) Drug Corp (4)...... Dupont de Nem (3).. Dupont deN db pf(6) Kodak (5).. uto-L ¢1.20) 1% Elec&Musical Instri 27 Elec Pwr & Lt (1)... 125 Elec Storage Bat (3) 35 Fed Lt & Trac pf (6) 3 Fed Water Service A 6 Fid Ph Fire In(2.60), 10% Firestone T& R (1) 45% Firestone T&R pf(6) 87 First Natl Strs (3%) 3 Foster-Wheeler. ..., 10% Fourth Nat Inv 1.20 1% Fox Film (A).. 10 Freeport-Texas (3) 24 Fuller Co pr pf. % Gabriel Co (A). 5% Gamewell Co. . 26 Gen Am Inv pf ww.. 10 Gen Am Tank Car(1)x 4% Gen Asphalt ( 10 Gen Baking (2)... 8% Gen Electric (40c).. 10% Gen Elec spec (60c) .. 19% Gen Food Corp (3)... 14 Gen Gas & Elec (A). 18% Gen Ital Edis (2.06). 28 Gen Mills (3) 8% Gen Motors (1) 62% Gen Motors pf (5)... 4% Gen Printing Ink. 1 Gen Public Servic 7% Gen Rwy Signal (1). % Gen Realty & Util... 5 Gen Realty & Utll pf. 2% Gen Refractories. ... 10% Gillette Saf Raz (1). 47 Gillette Saf R pf (5). 8 Gimbel Bros pf. 3t Gitdden Co. ... 2% Gobel (Adolf). 18) Goodyear 18t pf (7). 2 21% 5% 40% 8% 2% ll% 41% % Net. Low. Close. Chge. + % + % +2% +1% - % +1% +1 + W -1 48 +2% sesi Sttt bbb+ EFR2FERES FHEE HHH L+ + % +1% +2% + % 0% + 3 +7% ssCsrssrrsrsess HEEF LIS b bt + oA lEEE b oAFrEEE IR I+ FE b 4 AR *® +4+++4+ H++4 P Fesees B e - FEEFFEF EEF & F - g* FEE FEFE & ~Prev.1933~ High. Low, uy 5% 3 9% 0% 25 80 1% % 2% 28% 83 83 11% 8 131% 110 24% % 48 1% 5% 44n 24% 12% 18 85 35 254 99% 84 113% 28% W% 2% 1 13 19 18% 27 37 Stock and 3 Dividend Rate. T4 Gotham Silk Hoslery 1 Graham-Paige.. % Grand Silver Buru . 3% Grand Unfon.. . 14% Grant (W T) (1) 5% Great Northern pf(3) 48 Great Wn Sug pf(7).x % Grigsby Grunow. . % Guantanamo Sugar. . 15 Hercules bo Hershey Choc (6). Hershey Choc pf 6. Holland Furnace (1) x Homestake Min (9).. 8% Houston Oil. oo 1% Houston Ofl (new)., 24% Hudson Man pf (5).. 2% Hudson Motor Car... 1% Hupp Motors.... 4% lllinois Central. . 12 Illinois Central pf... 10% Industrial Ravon (2)x 14% Ingersoll Rand (3).. 3% Ins'sharcsDel a62%¢ 1 Ins'shares Md(a7c). 2% Interboro Rap Trans 65 (nt Bus Machine(n! er. 2% Int Hydro-Elec (A)..* 1% Int Merchant Marine 3% Int Nickel of Can.... 3% Int Paper & Pwr (A) % Int Paper & Pwr (C). 4 IntPrinting Ink..... Int RysCent Am ctfs Int Shoe (3). Int Sflver 2% Int Tele & 10% Island ) 85 _Isiand Creek pf (6) . 15% Jewel Tea (T4%) 10 Johns-Manville 52 Johns-Manv pf (7).. 86 Jones & Laugh pf(4) 24 Kansas City Southn.. 5 Kan City Sou pf (4).. 8 Kaufmnn DS (30c).. % Kelly-Spring Tir % Kelly-Spring ctf: 5 Kennecott Copper. 8% Kresge (SS) Co (1).4 10 Kroger Grocery (1).. 25 Lambert Co (15) 3% Leh Port Cement 48y Leh Port Cmt pf 5 Lehigh Valley RR. 30% Lehman Corp (2.40). 3% Libbey Owens Gla: 344 Ligg & Myers B (15) 9 Liquid Carbonie (2).. 18% Loew's Inc (14)..... 1% LoftIne... 16 Loose-Wiles (13). 97% Loose Wiles 1st (7). 9 Lorillard (P) (1.20). 814 Lou Gas&El A (1%). 71 Louisviile & Nash. 11 Ludlum St McCall Corpn (2). ... Mclntyre Porc M (1) McKeesport T P (4). McKesson & Robbins McLellan St pf A(6). Mack Trucks (1).... Macy (R H) (n2). Manati Sugar p Manhat Elevanod gtd Marine mdq;oe;.. Marlin-Rockwell(1). Marshall Field & Co, Mathieson Alk (1%) May Dem Stores 1.80 Dt ww. Metvitto Shoe(d, Met-Gold Pic pf 1.89. % Mid Continent Petra.. Minneap Honey R(3) Minn Moline Pow. Minne-Moline P pt Mo Kan & Texas pf.. Missourt Pacific..... 13% Monsanto Chem 1% .. 34 Montgomery Ward. . 11 Motor Products (2).. m Murray Corp sh MOtors (2).... 28'/- Nat Biscuit (2.80)... 6% Nat Cash Reg (A)... 15 Nat Dairy (2.60).... 13 Nat Dist Prod (2)... 20% Nat Distill pf (2%).. 75 Nat Lead pf B (6)... 6% Nat Pwr & Lt (1). 14 1'4 Neisner Brothe . 213 Nevada Con Copper., 8% N Y Cen! 1% N Y Chicago aStLl. z NYChi&StLpf.... N Y N H & Hartford. llh Y NH& Hartpf.. N Y Ont & Western.. IN‘ Noranda Min (a50e). 61% Norf & Westn (112). 1% North Am Aviatios 13% Nor Amer(b10% 5% Northern Pacific 5 Ohio Oli (a20c). 9 Otis Elevator (3 1% Otis Steel 12 Owens Il 16% Pacific Gas & El (2).. 20% Pacific Lighting (3).. 58 Pacific Tel&Teleg(7) 1% Packard Motor Car... Pan Am Pet&T n(1). Pan Am P&T(B)n1.. % Panhandle Pro&Ref. 1% Paramount Publix 2 Park & Tilford % Park Utah.. % Pathe Exchange. ... 16 Penick & Ford (1)... 13 Penney (JC) (2.40). 60 Penney (JC) pf A (6) 6% Penna Railroad..... 45% Peoples Gas. Ch 2 q b2 3 Pe rolcorpotAm . 3% Phelps Dodge Co. 2% Phila& Read C&1 2" Phillips Petroleum. . % Plerce Ofl. s 21 Pirelli (A) (a2.58) 18% Pitts Coal pt.. 2 Pitts Screw & Bolt. 2% Postal Tel&Cable pf. ' Prairie Pipe Li 247 Proct & Gamb (2.49) . 29% Public Svec NJ (3.40). 10% Pullman Corp (3)... 2% Pure Oil. 4% Purity Bakeries ) 2% Radio Corp. .. 3% Radio Corp pf B. 114 Radio-Keith-Orph. . 4 RRSeclliC(3%) 2% Real Silk Hosfery... 1 Remington-Rand. 1% Reo Motor Ca 1% Republic Ste 5% Republic Steel p: 26% Reynolds Tob B (3 % Richfield Ofl. . 12% Royal Dtch (a81c) ls S.hwly Stores (5) % St L-San Francisco., 1 StL-San Franpf.... 6% Seaboard Oil Del 40c. 1214 Sears Roebuck (2%), % Seneca Copper....... 1% Servel Inc. .. 1% Sharon Steel Hoop. »3 5 Shattuck (FH) 50c. 214 Shell Union Oil 18 Shell Union Of1 2% Simmons Co.... 2% Skelly Ofl..... % Snider Packing. 5% Socony-Vac (30c)... 36 Solv Am pf ww(53%) 43 South Port Rico Sug. 15% Southern Cal Ed(2)., 6% Southern Pagific. ... 213 Southern Ratlway. .. 4% Southern Railway pf 8 Spencer Kellog(60¢) x 8% Stand Brands {1.20). % Stand Gas & Elec (2) 9% Stand Gas&El pf (4). 28 Stand Gas&El pf (7). 15% Stand Ofl Calif (2).. 81 Stand Ofl Exp pf (5). 7 Stand Ofl of Kansas. 19% Stand OlI NJ (12)... 13% Sterling Secur cv pf. 1% Stewart Warner. 54 Stone&Webster«( 2!3 Studebaker Corp 9% Texas Co (1).. 12% Tex Gul Sulphur (3). 2% Tex Pacific Land Tr.. 2 Thatcher lll‘ Co.... 2 Tide W P er A 3% 20 Tide Water Ma‘('). 1 2 l 101 127 1 2 1 208 1 1 146 208 108 1 2 2 Gt - Y reolRNoaBunananmne 12% 124 1%. % I+ +ED A b+ [N £:fr gx PR e T s T4 L +4++ 1+++1 FEE FESEE SEEREEIES 1+ +H++ £ 4 ++ bt E L E AR I+ttt 1+ +4+++ VH+l++ L+ + EEF FFEFEE FFEF ¥ F2¥ 4+ srsxy #38 seser seFef ~ #3"*::# FE FEEF RES L) o= IR R AR IR SRS R R S e R ErS 9 mn.nun.mm—m 2 12% 15 1% 1% + %| 28 % 6 - =5 FRESEE F 27 s rsesieeis $5 25 sras $5 #535Fs sFesvessss FEFEFFLLES FEFF - ¥ —Prev.1933~ Stock and High, Low. Dividend Rate. 5 2% Timken-Detroit Axle 1 9% Timken RollB1%., 4 2% Transamerica Corp.. 40 ¢ 1% Tri-Contl Corp. .. 16 42 Tri-Contl Corp pf(§ 19% Trico Products(2%). @ 1 2 Truscon Stee! i % Ulen & Co. ... . 2 8% Underwood-EI-F (1) 2 Un Carbide & C(1.20) 159 UnOflof Calif(1.40) 6 Un Pacific (6) 92 Unit Aircraft, Unig Afrcraft pf (3). Un‘t Carbon. . . Unit Corp (40! Unit Corp pf (3) Unit Electric Coal Unit Fruit (2)...... ,Unit Gas&Im(1.20). Unit Gas&Im pf(5) U 8 Gypsum (1.60). U 8 Indus Alcohol U 8 Leather.... 9 3 0 94 5 1 ‘Univ Leaf Tob (3). Univ Leaf Tob pf(8). Univ Plc 1st pf (8)..* 70s % Untv Pipe & Rad.... 2 STEEL PRODUCTION NOW AT T8PER CENT Further Curtailment in Out- put for Week Reported by Trade Journal. Special Dispatch to The Star. NEW YORK, June 15.—Further cur- tailpent of steel production was re- ported today in the weekly trade sum- mary of the Iron Age as a result of “financial and political uncertainties that are throttling virtually every ac- tivity upon which the steel mills depend for business.” Ingot output this week is not above 18 per cent of capacity, with daily output fully 4,000 tons below that of May. “Only in the Youngstown district has there been any improvement,” Age states, “and that has been slight. There have been losses in production at Chicago, Cleveland, Wheeling, Detroit and in Eastern Pennsylvania. Pittsburgh district is barely holding at 15 per cent. Current output of open- hearth and Bessemer ingots probably is not above 38,000 tons a day. “The immediate outlook in steel B obscure. While it is generally believed that present output is very much below the wear-and-tear needs of the coun- try, indicating that such low produc- tion cannot continue for very much lorger, there is recognition in the trade of the depressing effect of delay in set- tling important legislation now before Ccngress. Final disposition of these matters and the adjournment of that body seem to be necessary to the res- toration of confidence that must pre- cede business recovery. “Scrap markets are demoralized as a result of the continued curtailment of steel production, and further price de- clines have occurred. The Iron Age composite price for heavy melting steel has reached another new all-time low at $7 a gross ton. The pig iron com- posite remains at $14.01 a gross ton and that for finished steel is unchanged at 2.087 cents a pound. (Copyright, 1932 CHICAGO STOCK MARKET By the Associated Press. CHICAGO, June 15.—Following is the complete official list of transactions in stocks on the Chicago Stock Exchange today: Sales. ST High. Low. Close. 50'Acme Btl . 5% S Brnaas-anoo! e e ] ' awo_~Euan! i o owe - K I 330- 8 Gypsum xd. . Gypsum, pt'xd d & Tel. w8owa U0k Sales ‘today, 30,006 shan BONDS. $1.000 Chi Cit R 5s ;1 cl( % 3 Bond sales today. Automobile interests- in Brazil are asking suspension of the tariff on cars. Bales— Net. Add 00. High, Low. Closs. Ohge. 1% 2% 1% the Iron | ‘The | High. 2% 2% 2% — | _10% 1% Ut Pw 11 —-% 2% 2% 2 2% + % Bl% b1k +1 2;“ 22% 2% 10:30 AM.. Fs sEFF vrssses cash payments based rations. Ll+4++4 04444 14 - year—no ¥ % Vadsco Sales Corp. 18% 5% Vanadium Corp 6% 3% Va-Car Chem 6% pf.. 29% 8 Vulean Detinning. ... 1 Wanash pf (A) % Ward Baking (B). 12 Ward Baking pf (4). % 'n Bros Pictures. stez Eisenlohr. . 1% Western Maryland 9% Westing'se Air B(1). 18% Westinghse Elec (1) 62% Westinghse ist (3%) 6 Wheeling Steel % Willys-Overland Willys-Overland pi ‘Wiison & Co pf. ‘Woolworth (2. 10). Worthington Pump. . 1% Yellow Truck. . 12 Yellow Truck pf. 4% Zonite Product; Sales of Stocks on New York Exchange. 20 s Dividend rates as gi Stock and Dividend Rate. T & Lt (A) R ey LY TS t=ToT T FOFEFIIFEEER $0c) 200,000 0 Noon . 900 noo ve t on"the. latest quarierly o el Searty “Geciar tPartly extra. tPlus Sock. APl 25 special ock. k Plui "stoc rewuiar rate b Plas s 1 uoix" o Bavasie CORPORATION REPORTS TRENDS AND PROSPECTS OF LEADING ORGANIZATIONS. NEW YORK, June 15.—The following is a summary of important corporation news prepared by the Standard Statis- tics Co., Inc, New York, for the Asso- ciated Press: News Trend. Crude ofl production was slightly higher, rising to an average of 2,183,- 450 barrels dally in the week ended June 11, from 2,181,250 barrels in the preceding week, an increase of 2,200 barrels, according to the American Pe- troleum Institute. The largest changes were a 26,200-barrel decrease in Okla- homa output and a 19,550-barrel de- crease in East Texas output. Gasoline | stocks at refineries declined 336,000 bar- rels to a total of 43,911,000 barrels. Due to the observance of Memorial day car loadings in the week ended June 4 were substantially below the previous week. According to the American Rail- way Association, revenue freight load- | ings totaled 441387 cars, which com- pares with 520,962 cars in the preceding week and 761,084 in the corresponding week of lasi year. Decreases were re- ported in all commodities. The Companies. Canada Dry Ginger Ale, Inc.—Sub- | stantial portion of year's dividend needs expected to be covered in current quar impost rather than pass it on to con- | sumer. | Carey (Philip) Manufacturing—De- clared 50 cents quarterly common divi- dend; paid $1.25 March 15 and $2 quarterly prior thereto. Consolidated Mining & Smelting Co. of Canada, Ltd.—Ore receipts at trail | smelter, 5 months ended May 31, 182,- | 712 tons, vs. 201,165 tons. | Foltis-Fisher, Inc—Equity receiver | appointed for company by Federal Court, New York; bankruptcy action also filed against company by '.hree creditors. tion on quarterly dividend; paid 10 cents on April 2. distributors and dealers up 7 per cent deliveries to customers declined by 8 per cent: first five months mmum off 13 per cent. Consalidated Cigar Oarponuon-’l\:ok no action on quarterly common divi- | dend; paid 75 cents April 1, prior to/ which :125 was paid quarterly. Eastern Gas & Fuel Associates net income in 12 months ended May 31 was $5.197.119. Market Street Railway gross earnings, 12 months ended May 31, off 7.4 per Real Estate Service Since 1906 FIRST MORTGAGE NOTES Maximum Safety and Yield From 1435 K St. N.W. NA. 2385 First Mortgage Loan Applications on Residencel Invited at 6% Gloyer & Flather 1508 H St. N.W. National 1753 YOU CAN AFFORD AN OFFICE IN— Unezcelled location— comforts and service not found elsewhere. Single Offices, 830 to $45 3-Rm. Suites Compare prices in the Barr B ings. reasonable. AS AIEOW slm uilding with other office build- Compare location; service—you'll find rentals here most Besides 3 speedy elevators, operating 24 hours; restrooms and watercoolers on every floor, the central location of this modern office structure affords easy access from all parts of the city. Your inspection invited The BARR BUILDING Enquire Wm. F. Albee 910 17th St. N.W. Phone Metropolitan 2777 |ter; expected to absorb new Government | Irving Air Chute, Inc.—Deferred lt-‘ Packard Motor Car May retail sales of | cent; net before depreciation off 14.7 per cent. National Bond & Share Corporation net asset value, May 31, 1932, $29.76 a share; after providing for dividend of 25 cents on May 31, 1931, net asset value was $41.85 a share. . Reece Button-hole Machine Co. omit- ted quarterly dividend; paid 25 cents | April 1. Simmons Co. May consolidated sales off 42.1 per cent; five months, off 36.9 per cent. United States Dairy Products class B share earnings, 12 months ended March 31, 1932, $1.35. Midland Utilities Co. sells control of Gray Rallways to W J. Cummings. * SILVER QUOTATIONS. NEW YORK, June 15 (#) (Noon) — Silver futures barely steady; sales, 750, - '000 ounces. July, 2781 T. September, | 128.10 T; October, 28.21 T: December, |28.46 T; January, 28.60 bid. —_— NEW YORK BANK STOCKS NEW YORK, June 15 (#) —Over-the- counter market: BANKS. Bid. Asked Chase (2) 22" 24 Commercial (8) ih National cuy m : Public (2 : TRUST COMPANIES Bankers' (3) Brookiyn Trust (16) " Gentral Hanover (*7) | Chemical (1 Continental (1.3} Gorn Exchanse"(4) b 207 | § 15% | My 213, UPSWING IN STOCK .| PRICES CONTINUES Practically All Groups Par- ticipate in Advance—Trad- ing Volume Gains. BY GEORGE T. HUGHES. Bpecial Dispatch to The Star. NEW YORK, June 15.—Stocks work- ed higher again today. There was the same realizing in the last hour that appeaved yesterday, but the only effect was to cut down the gains and to de- crease activity. The market gave a good account of itself from start to The Northern Pacific directors took no action on the dividend at today’s meeting, but that had been expected. | The principal European exchanges | were either unchanged or lower. The strength in the market was based primarily on the closing of the “run on the dollar.” The fact that foreign bal- ances here are now down so low that any further drain on our gold supply must necessarily be negligible, and that this situation was reflected in all the foreign exchanges, was the foundation of the buying movement in stocks. It removed a threat which was all the more ominous in the minds of traders because they were not able clearly to understand it. Moreover, in the last week or so the short interest had been growing, but the short account had been showing in- | creasing losses, something that has hap- | pened very seldom in this market This | new short Interest, characterized as “weak” by brokers, showed growing con- cern today, and the closing out of con- tracts on its account helped the rise. In addition there was buying in expec tation of an early adjournment of Con- gress and on renewed hope for restora- tion of the peace and security of busi- ness and finance. During the morning advances of 2 to 3 points were common in the leading stocks. American Telephone, American Can, Allied Chemical and Air Reduc- tion were all outstandingly strong. The tobacco stocks moved up rapidly, as it came to be believed there was to be no cut in cigarette prices. Sugar stocks were bought on the rise in the com- | modity price. American Sugar Refining common and preferred were the leaders |here. The alcohol stocks were all strong, with National Distillers Prod- ucts the feature. Merchandising shares rallied, with special strength in First National Stores and Woolworth. | 0. 8. TREASURY CERTIFICATES | (Reported by Chas. D. Barney ?nle~Malu‘n Y 2 Bid 15, 1 2. 2 18, 15, U. S. TREASURY BALANCE. By the Associated Press. Treasury receipts for June 13 were |$7.564,.432.37; expenditures, $26,357, 069.09; balance, $176,021,85543. Cus- | toms duties for 13 days of June were $7,793,528.20. Watch that pay envelope! ’ || your spending carefully. With a John Hancock Home go many things have to come out of it, you can't be sure of having enough to go around unless you plan Budget, you can discover just how much of rour income should be apportioned to various needs, so that there is always enough to go around with a little over. Try it for a month and see how this budget will help you. as it has helped many others, to preve: spending. an estate” At once you set up investments? score if you place your ings in a Life Insurance come as often as you say, nt the leaks caused by unplanned LiFE INSURANCE COMPANY OF BOSTON. MASSACHUSETTS Phone or Write for a Home Budget E. J. CLARK, State Agent 308 Albee Bldg., Washington, D. C. National 0016 “Life Imsurance is the quickest way to create We check on this Carry plenty of life insurance, a sizeable cash estate for your family’s benefit. No ques- tion about the wisdom of this move. The only point now to consider iss what will become of the money? How is it to be invested? Who is to make the You need have no uncertainty on that insurance hold- Trust. . Then the responsibility of safe invest- ment will be ours. (You can give us any directions you wish as to investments.) Then your family will receive the in- and in whatever amounts you think best. Let us tell you more about this modern method of family protection. THE WASHINGTON LOAN and TRUST COMPANY HARRY G. MEEM, President Main Office F St. at Ninth RESOURCES OVER West End Office Seventeenth St. at G TWENTY MILLIONS