Evening Star Newspaper, June 30, 1932, Page 14

[ A—14 =%= D. C., THURSDAY, JUNE 80, les— Net. | ~Prev.i932~ Stock and Sales— Net. ~Prev.1932~ Stock and Bales— Net. BI.EARINGS NUIED Daylight Saving Time Is Used in Al Market Eaitions |oorer-p0~ Soctand, — S0ie. Low. Close. Chse. | fiigh. Low. __ Dividend Rate. Add 00. High. Low. Close. Chge. | High. Low. _ Dividend Rate Add 00, High. Low. Close. Ci AS MARKI | [:l_USES ZEren. 198 Stock and TS B I3k 6 RoweSound (4e)...x 1 Blu 6% + %| 19% 10 USSmtg&Ref(1).. 1 10% | "72% 5214 Westinghse 1st (3%) 130s \ A High. Low. Dividend Rate. Y 39 324U nte&Ref pf 3% 38 3 % 2% Wilcox Oil & Ga. 98 70 Abram Strausspf (1) 30s 2% 29% $2% 21% U S Steel. . 177 23 b % Willys-Overland. 13 5118 1 06l DE (7). ...0e 30 s % Wilson & Co. . 1 13 Univ Pipe & 4 3 11 Wilson & Co pf. 48 24% Hudson Man pf (5). 4% A% 5% 16% 5% 1% Adams Express. . 2 11% 2% Hudson Motor Car 1 Gain for June Indicates Im-| 13, 9% Addrersosrapn. : T84 4% Ilinots Central ... Declines Are in Majority, but ek du Amlialded Prod 189... 1 39% 14% Ingersoll Rand (3)... : 215 , 84% Air Reduction(4%). 122 4% % Inspiration Copper l provement for Buslness 16% 7% Alaska Juneau (50c). 26 Y 8 3% Ins'sharesDel af2%ec. . 3% & Alleghany Corp...... 1 14% 2% Interboro Rap Trans. ’\ in District 619 % Alleg Cp pf $40 ww 1 L Intercontl Rubber. .. . 8715 4215 Allied Chem & D (6). 125 17 Int Bus Machine(n§) 119 Allied Chem pf (7)... 1 1% Int Combustion. ..... Allis-Chalmers(50c). [13 21% Int Combustion pf. Alpha Port Cement 2 295 Int Harvester (1.80). Amal Leather. . 3 | 11% Int Hydro-Elec (A). . Amerada Corp (2). 4 Int Merchant Marine. 4 Am Agri Chem (Del). 914 Int Nickel of Can. . Am Bank 5 2315 9% IntSalt (1%).. Am Can Co ( 3 44n Int Shoe (3)..... AmCat & Foundry.. 5 8% 3 b 12% Int Tele & Teleg Am Car & Fdy pf (7). 4108 18 10% Island Creek Coal(2). 15% Jewel Tea (14 25% 10 Johns-Manville, . 84 331 Jones & Laugh pf(4). poOoan e [ BY EDWARD C. STONE. Benk clearings in Washington during Pune, indicated an upturn in business jmctivity in the Capital, in comparison ¥with the total volume of business trans- mcted in May, according to the monthly weport of the Washington Clearing| 1o : 5 ouse Association, made this noon - 3 TN, . 3 Total clearings in this city in June, ‘Am European Secur., ®mounted to $85449,660.70, against el Pt ichecks passing through the local clear- Forgn Pw pL(8), 5 5 23% 5 Kan City Sou pf (2 ing house in May, totalling $80.493,- ke o ey a4 3 % 3 9% 3 KaufmanDS (80c).. 495.15. The June clearings, however, are Am Hide & Leath of., 8 5 Kayser (J) & Co Jower than in June, 1931, when the A yeoi s PO iy 10% 2% Kelvinator Corp. Aigure stood at $115.14.393.13 AR TR t8). s 38 2013 Kendall Co pf (6) earings for the first six months Am Inter 3 Y 13 5 Kennecott Copper of the present year are considerably T Excomotive 3 3 19 8 Kresge (SS) Co (1) ‘,Jfl.y\\or than last year, being $5 m Locomot pf 3 1814 Kress (SH) Co (j1) 98, in comparison with $649.794. L& oy 140 W0 Rioger 097.74 & year ago in the first half year e Per & Lt (1) 3 — According to the figures kept by the AmMP&LtPLA (5) manager of the Wachington Clearing AT & TDL(6)., > House Association, Charles E. Bright, 8 3% Am Radiator. ks 4 total clearings, bV months, so far in | 13 Am Rolling Mill P e R corre wg(:é}px{}nmu?{((mf:xlllcx“asa] e Am Safety Raz (3).. 11815 100 Lige & Myers pt (7)- ITES Am Smelt & Ref. . 14 6'3 Link Belt (80¢). 9 1931, 2 Smeltg & Ref pf. . 2 : . i £ : 22 9 Liquid Carbonic (2). WANMALY .-.% . $ : : 3 1 1 34 13% Loew's. Inc (13). : s 3 ¢ = 4% 1% LoftInc.. March 9 s et 2 59 ; 36% 16% Loose-Wiles Bis( “April 89.654,233 : 's Am Tobaccc 5 9 < s May ........ 80493495 AmTobacco B 5 jeie. 9. GLoruisea(E) o June .. 85,449,660 Am Water Wks (2). McCall Corpn The gain of $4,956,165 in clearings in e et 1 Metaas Eore th June over May will cause greaj interesy STl e McKeesport T P (4). omong merchants, bankers and other Ao AR CoboEts s 3% 3 3 McKesson & Robbins T siness men. not so much on_account Rihde Pup (1203 314 McKesson & Robs pf. the size of the increase as the possit Andes Copper. . Mack Trucks (1). bility of the beginning of an upswing. 3 Armeur of 111 (A) Macy (H R) (n2) C. & P. Phone Eiritigd OF, Armeurof 111 TB) Madison Sq Garden. . Continuing the downward trend of re- i P et ent months, nét télepHorie operating ek 4 Marine Midld (80c) evenues of the Cheasapeake & Potomac Atoh Topeie & 3 Mathieson Alk (1%) . §'Telephone Co, for May again felt below: N et ay Dept Stores 180, 4those for the’ corresponding month of A Iatitic R AE D), Mid Continent Petm. 71931, Net revenues for May, this year. AtlAsPowder (1) 4 Mo Kan & Texas were $60,601 less than for the same ¢ pe.. . Auburn Auto (£4).. .. Mo Kan & Texas pf month last year, according to the report Austin-Nichols A (1) 10s Missouri Pacific. Monsanto Chem 1%.. - - s P T e - e ) B T T T Tl Lehigh Valley R 46% 30 Lehman Corp (2.40).. of operations just filed with the Public Frgres R o e TUtilities Commission of the District of Columbia. This drop is markedly greater than that which occurred in April of this wyear, when net revenues were approxi- mately $32.000 less than for the same month of 1931. A slight ¢ ~rease is also shown in net telephone _jerating yevenues for the first five months of the year as compared Witu the same period of 1931, $752,771 compared with $742,100 a year ago. In May total teleplione operating revenues were $805990. Total tele- phone operating expenses were $597,926, making the net for the month $308.- ©64. Total operating income and total gross income in May of this year were both about 30 per cent less than in the same month of last year. In May of this year the balance before divi- dends after deducting taxes, uncol- Jdectible, interest, rents and othet ftems amounted to $123.268, about 19 per cent below the balance of $151,595 in| May of last year. Washington was served by 182,306 telephones at the close of business on Mav 31 this vear, as compared with 172474 at the same time last year. During the month there was 3%, Baltimore & Ohio. Baltimore & Ohio p 4 Barnsdall Corp. Beatrice Cream (2) Belgian Nat Rwys pf, Bendix Aviation Bethlehem Steel Bethlehem Stl pf (7). Blaw Knox Borden Co Warner. BEklyn&Queens pf(6). Brunsw-Balke Bucyrus-Erie. hs A M (80c) Bush Petnrimal pf(7 Butterick Co Canada Dry (1.20) Canadian Pacific 13 . Cannon Mills (1) Capital Admin (A). Case (J 1) Co Case (J 1) pf (T) 4 Caterpillar Trac 50c. Celanese Corp. . - » 3 o NS MR A R R o o Montgomery Ward Motor Wheel. Murray Corp. Myer FE & Bro 1.40. . Nash Motors (2).. Nat Biscuit (2.80). Nat Dist Prod Nat Dist Prod p Nat Lead (3). .. Nat Lead pf A (7). Nat Pwr & Lt (1) Nat Steel (1) Nat Supply Co 3 Nevada Con Copper. . Newport Industries. . Newton Steel. N Y Central..... NYChi&StLpt N Y Investors. . = N Y N H & Hartford. N Y N H & Hart pf... N Y Ont & Western N Y Shipbuildin; Noranda Min (a50c). Norfolk & West (8) North Am Aviation Nor Amer(b10 % stk) . » 0 NS » P 27% North Amer pf (3)... 66 North Am Ed pf (6).. 28% bl Northern Pacific. .... 8% b Ohio Oil (a20c).. 4% 1% Omnibus Corp... 1 66% Omnibus pf A (8) 22% 9 Otis Elevator (1%) 44% 29 Outlet Co (4). 27 12 Owens Il C S 37 167 Pacific Gas . 5% Packard Motor Car. 11% 4 Paramount Publix. 4's Park & Tilford. 1% Park Utah. . 34 Penney (J C) ( 23% Penna Rallroad. 121 Peoples Gas Chi ( 13 Pere Marquette. . 17% 2% Pere Marquette pf. Pere Marquette pr pf Petrol Corp of Am. Phelps Dodge. . a slight decrease in the number of | telephones, the number at the end of the month being 18 less than at the Checker Cab Mfgr. beginning. The telephone company | Ches & Ohio (2%) handled 20,568,000 calls during the , 7% Chesapeake Corp (2). month, as compared with 19.935,000 in Chi Great West pf May, 1931. In the first five months Chi Mil StP & Pac pf. of 1932 approximately 6,500.000 more Chi & Northwestern.. calls were handled than during the| Chi & Northwest pf same period in 1931. Chi R I & Pac '. ,nzlrf. o Chi Yellow Cab (2). . Wilkins and Other Dividends. | Chryater GOFD (1) o< The board of directors of the John City Ice&Fuel (3.60). H. Wilkins Co., coffee merchants, have Clark Equipment. declared the regular semi-annual divi- Coca Cola (18) dend of 4 per cent on the outstanding | Coca Cola (A) ( preferred stock and a dividend of $1.50 Pal-P (2} Per share on the outstanding no-par >alm-P pf (6) ‘common stock. Both dividends pay- “ollins & Aikman. . able July 11. “olumbia Gas (bl1). Directors of American Ice Co. have "ol Gas&El pf A (6). ideclared the regular quarterly dividend Century Rib Mills Cerro de Pasco SernBluonresierBreman R B8 e - w3 " e B s BT o 2 OSSO S 9 ~oe 1% 314 3% ko 61% [ 8% 1% Pradl 1+ 41 Y REN ++111 10% 1% Util Pwr &Lt (A). .. 2 4 22 Woolworth (2.40) 5 Worthington Pump. . 251 Wrigley (Wm) (3 1% Yellow Truck. ... 12 Yellow Truck pf. 18% b4 Vanadium Corp. 1 15 Va-Car Chemical. . 887% 60 Va Elec&Pw pf (§) 29% 8 Vulcan Detinning. . 2% Ward Baking (B) M 2 Warn Bros Pictures.. 7 Warren Bros. ... Warren Bros cv pf. .. Wesson Oil & Sn (1). Wesson O&Sn pf (4). West Pa Pwr pf (6). West Pa Pwr pf (7). Western Maryland Western Md 2d pf. Western Union Westl AirB(1). x estinghouse Elec.. 60 9% 3 1% 4 Young Spring&W (1), Younzstown Sh&Tu. 9% 4% Zonite Produets(80c) 2 4% 4% Sales of Stocks on New York Exchange. 10:30 AM. 1:30 P.M. in scrip x Ex-dividend. 100.000 500,000 200,000 500,000 Dividend rates as given in the above tables are the annual cash payments based rations. *Unit of trading less than 100 shar 4% in stock a Paid this year—no stock. e Payable in c 1 on the latest quarterly or hali-yearly decla- tPartly extra. ash or stock. in stock. ) Plus $1 in special preferred stock. k Plus 3% in stock 16% — O m Paid Iast year—no regular rate. n Plus 5% In Stock. b P BRITISH BANK RATE | Security Markets |STEEL PRODUCTION IS CUT TO 2 PER GENT By the Associated Press. LONDON, June 30.—The Bank of England today reduced its discount rate from 21 to 2 per cent. The bank rate was reduced on May 12 from 3 to 2'5 per cent. On April 21 the rate was lowered from 3'2 to 3 per cent. The reduction on May 12 was greeted with cheers in the Stock Exchange, and gains were immediately reported on securities of good yield. The bank rate stood at 6 per cent from the time Great Britain went off the gold standard last Fall until Feb- ruary 18, when a series of cuts was started which in littie more than four months has brought the rate down 4 per cent. | ¥'s reduction brings the rate to the lowest point since 1897, when it !once before reached 2 per cent. The recent reduction of the Federal Reserve | Bank rate at New York and the (‘On-[ tinued fall of discount rates, as well as | slack trade and scarcity of bills in the | money market, were chiefly responsible | for today's move. It also is the continuation of a cam- paign for cheap money begun with the | main object of diverting the flow of | foreign moneys from short-term bonds into long-dated stocks in order to help big conversion tchemes and effect & considerable saving on interest pay- ments. SIS Fdad. S CHICAGO LIVE STOCK MARKET CHICAGO, June 30 (# (United States Department of Agriculture) — Hogs, 17,000 head, including 4,000 head direct, 5-10 cents higher; 180-250 pounds, 4.90a5.00; top, 5.00; 260-310 pounds, 4.65a4.90; 140-170 pounds, 4.65 ad.95; pigs, 4.25a4.50; packing sows, | 3.55a4.15. Smooth sorts to 4.35; heavies, 3.50 down; light light, good and choice, 140-160 pounds, 4.60a4.90; light- weight, 160-200 pounds, 4.7525.00; mediumweight, 200-250 pounds, 4.85a 5.00; heavyweight, 250-350 pounds, 4.50 .95; packing sows, medium and good. 275-500 pounds, 3.50a4.35; pigs, good and choice, 100-130 pounds, 4.10a4.65. Cattle, 5,000 head; calves, 2,000 head. Fed steers and yearlings active and firm; not much beef in run; weighty steers at premium over light kinds ex- cepting more strictly choice offerings. Grass fed steady; more inquiries de- veloping for stockers and feeders at 5.50 down to 3.50; best fed steers, 8.50 yearling, 8.40; heifer yearling, 7.35. Slaughter cattle and vealers, steers, good and choice, 600-900 pounds, 7.00a 8.50; 900-1,100 pounds, 7.0028.60; 1,100- | 1,500 pounds, 7.00a8.60; 1,300-1,500 pounds, 7.25a8.60; common and medium, | 600-1,300 pounds, 3.75a7.25. Heifers, good and choice, 550-850 pounds, 6.25a7.50; common and me- | dium, 3.25a6.25. Cows, good and choice, | 3.0025.00; common and medium, 2.50a | 3.00; low cutter and cutter, 1.50a2.50. Bulls (yearlings_excluded), good end | choice (beef), 3.25a4.50; cutter to me-| dium, 2.€0a3.25. Vealers (milk fed),| good and choice, 4.75a5.75; medium, 4.0024.75; cull and common, 3.0024.00. | Stocker and feeder cattle—Steers, good | and choice, 500-1.050 pounds, 5.00a | 6.25; common and medium, 3.2525.00. Sheep—Fairly active; most steady; On 3-Ija)' Holiday Over the Week End By ssociated Press. NEW YORK, June 30. — Saturday will be a day of greatly reduced busi- ness in the financial district due to the closing ot all security exchanges and several commodity markets. The ex- tension of the July 4 holiday will not be observed by the Cotton Exchange and the banks will be open as usual. It was said in authoritative quarters today that the Stock Exchange has no intention of suspending trading or Sat- urdays during July and August as ru- mored recently in some brokerage STOCKHOLDERS SEEK COMPANY REPORTS Investors Are Writing to Corpora- tion Heads Requesting Informa- tion on Dividend Prospects. | BY BERNARD S. O'HARA, | Associated Press Financial Writer. NEW YORK, June 30.— In happier | days stcckholders were sometimes cen- sured for their apparent lack of inter- est in management, but now executives complain that their desks are piled high with letters demanding explanation of low prices and reduced dividends. “They want the company, | leading corporation official, “to assume | the burden of deciding many things | which it cannot pcssibly do. Some | stockholders request an unequivocal | | promise that the dividend will not be | reduced. Others ask us to nume a time | by which the stock will have recovered | a large part of its bear market decline. | We are very much concerned over the anxieties of our stockholders, but absut | all we can do is to tell them that we | hope to get through the remainder of | the depression without having to cut | | our dividend.” | Scme old-timers in Wall Street sug- gest that ccrporations wishing to culti- vate the friendly interest of stockholders should revive the custom which was popular 20 years ago with some of the biggest companies of the time. The United States Rubber Co., for instance, always drew a large gathering of stock- | holders to its annual meeting. An in- teresting talk by the then president, the | late Samuel Colt, on the company's busi- | ness and prospects and a well guided inspection tour of one of the company’s principal plants were part of the pro- gram. L. F. Loree, who in those days, as new, directed the destinies of the Dela- ware & Hudson Railroad, made the| D. & H. annual meetings play to packed houses. He was always ready to answer any question that a stockholder cared to propound and to supply as much in- formation on the road’s cperations as was available, DECREASES FURTHER Trade Journal Reports Output for ! Week at 15 Per Cent of | Capacity. By the Associated Press. NEW YORK, June 30. — Further shrinkage in irgot output and addi- tional declines in steel scrap prices have given added emphasis t> the negative features that have characterized the iron and steel market in recent weeks, said Iron Age today “Raw steel production has receded from & national average of 16 per cent a week ago to 15 per cent and will fall | to still lJower levels before the close of | the week. ' “Independence day shutdowns will be lcnger and more general than usual. Many steel plants are scheduled to stop operations on Thursday and, though some of them will resume immediately | after the holiday, others will not start up again until the middle of July, while | one -large independent will remain in- active during the entire month. rule for numerous _steel-consuming | land reduced its “Holiday suspensions will also be the | Most Losses Are Fractional. Declines pre- the close of trading on ge today, but except which were under spe- were only frac- cks were those nable dividend was not much affected by the outside news. The Bank of Eng- te from 21; to 2 per cent. Bonds were steady, but stocks took no notice. The street heard that the chances of a favorable agreement being reached between Germany and France at Lausanne were much brighter, but the market ignored that also. only German dol) nds responding. Dutch and Swiss speculators were said to be trying to buy the claims of American banks on Germany. Open prices were slightly higher, re- sponding to favorable news from Lausanne and, in the case of the alco- hol stocks, to the action of the Demo- cratic convention on prohibition. The improvement lasted only a half hour or so, as liquidation was resumed in General Motors, Du Pont, National Biscuit, Procter & Gamble and Air Re- duction. No sooner does Wall street get rid of one dividend uncertainty than another arises. Today it was General Motors, directors of which do not meet until August, but which was offered on the theory that even the present modest payment due shareholders was in danger. Du Pont %wen! with General Motors because of the large investment it has in the stock of the latter. The selling in National Biscuit and in Procter & Gamble was simply a continuation of the pressure in evidence earlier in the week. Offerings of Air Reduction had apparently been delayed until the stock sold ex-dividend, as it did today. Another and a new point of weakness plants, although it is doubtful whether |Was Homestake Mining, the stock that Consumption has receded as sharply as|has the distinction of being the only production. Steel shipments of late | active common issue selling above $100 | have been running heavier than ingot & share. It broke nearly 8 points on output, since producers have preferred | Successive sales ¥ | to clean up stccks of cold metal rather | These soft spots dominated trading than start up furnaces for short runs, | €lsewhere, and American Telephone. “While it is true that nearly all out-| American Can, American Tobacco B lets, including the automobile industry |and Unlon Pacific lost their carly and public construction, seem to bs|g2ins. Union Pacific went into new closing up, the current level of demand | 10% &round by a fraction. is s0 exceedingly low that for that rea- | Auburn during early trading ran up son alone a rebcund is looked for.| !0 @ new high on the rec-very, but But such 8 pick-up will not be imme- | came down with the rest of the market diate, In the opinion of the trade, | afterward. The professional element | While there will naturally be some re- | attaches significance to the fluctuations | covery in cutput after the Fourth of |Of Auburn as forecasting the action | July shutdown, no real upturn is be-|f the whole list. To a lesser degree | lieved possible befor | that is true of J. I Case, which, like | eartiestr ore September at the | b, harb:rs a large short interest. Cotton Consumption. SILVER QUOTATIONS. NEW YORK, June 30 (#).— World| NEW YORK, June 30 (4).—Bar silver consumption of American cotton dur- |Iuiet and i lower at 26%. s, compared itn 1015000 in Apes | TREASU! . ales, compared Wi 072, n Apri and 964000 in May last ‘season, says | U. 8. TREASURY BALANCE. the New York Cotton Exchange service, | BY the Associated Press. Total consumption during the 10| Treasury receipts on June 239:3? bales, compared with 9,222,000 in the same period last seacon. Bank of England Statement. , LONDON, June 30 ()—The weekly statement of the Bank of England shows the following changes in pounds: Total reserve decreasea 4,058,000, cir- increased 477,000, other securities increased 534,000, public deposits de- creased 17,595,000; other deposits in- creased 14,507,000, notes reserve de- creased 4,114,000, government securities | increased 525,000. ‘The proportion of the bank's reserve to lability is 35.08 per cent, compared with 37.17 last week. months of the season was 10,454,000 | $3.930,958.86, ; counter market: culation increased 4,535,000; hullmn‘ e | Commereiai " i) expenditures, 946.06; balance, $526,137,256.93. Cus- toms duties for 28 days of June were $16,047,930.43. | NEW YORK BANK STOCKS NEW YORK, June 30 (#).—Over-the- Banks. Chase (D). .. First National (100)...... Manhattan (2) National City (2) Public (2).... Trust Companies, Bankers' (3). . rooklyn Trust Central Hanover Chemical (1.80) | Continental " (1.20) © | Corn Exchan; | Empire (2), Guaranty { Irving (160 Manufacturers’ (). New York Trust (5).. Title Guaranty & Trust (4 *Includes extra, “olumbian (‘nrlx"i?v) f 50 cents a share on the common “omel Credit (50c) Phelps Dodge. . :mck. payable July 25 to stockholders “omcl Cred 1st(6 108 }'::l“l’lf:ll.’e:lldo‘lefir:!“: of record July 8. “omel Inv Tr pf 6%.. 108 ; Phillips P Directors of McCrory Stores Corpora- “omel Solv (60¢). 7 5 Fleree ol tion have declared the regulsr quar-{ ‘omwlth & Sou(30c). 55 Elliabuey Bia terly dividend of $1.50 per share on EICHCARL o the preferred stock, payable August 1 to stockholders of record July 20. Local Market Active Today. Trading on the Washington Stock Exchange today opened with $1.000 Railway & Electric 4s selling at 793 Washington Gas 6s, series A. came out ft 985 on a $500 turnover. Two $1.000 sales in Anacostia & Potomac 5s were Tecorded at 40, In the stock division, Washington Railway & Electric preferred opened at #1715, then recorded three 10-share sales at 78 and closed with 30 more shares zelling at 78%. Washington Railway & Flectric preferred came out on the Doard in one small sale at 78'%. The National Bank of Washingtan thas been added to the ex-dividend list Tollowing its recent dividend declara- tion. The dividend on Woodward & Lothrop common and preferred was | paid yesterda: 1% Deben Marbury Heads Fiduciaries Group. Doty Sacutiy range lambs absent; good to choice na- tives, 5.5086.00 to packers. Best fed POTATO MARKET Rate of discount, 2 per cent. ves, .50a6. 0 . yearling wethers, 4.25; lamb, 90 pounds KET. down, good and choice, 5.50a6.50; me-| CHICAGO, June 30 (P (United | FOREIGN EXCHANGE. dium. 4.75a5.50; all weights, common, | States Department of Agriculture).— | (Quotations furpished by W. B. Hibbs & Co) 4.0024.75; ewes, 90-150 pounds, medium | Potatoes, receipts, 92 cars; on track, | Nominal gold Selling checks | to choice, 1.00a2.25; all weights, cull | 147 new, 11 old; total U. S. shipments, | value. today. “ongolm ) and common, 50a1.75. London, pound $4.8665 $3.60% “onsol Film. . “onsol Gas N Y (4) *onsol Laundries(1). *onsol Oil Corp. “onsoi Oil pf (3) “ontl Baking (A).. “ont Diamond Fibre. 3 Radio Corp ‘ont Insurance( i/ Y T Radio Corp pf B Contl Oil (Del) . Radio-Keith-Orph. “ontl Shares Raybestos-Man (60c) orn Product Remington-Rand. “orn Prod pf ( Republic Steel . 862; new stock weak on Cobblers, steady | 5 : > 'aris, fran 3.91%¢ 3.93c on Triumphs; supplies moderate, trad: | Brussels. peiga. ... 138le 1391¢ (Reported by Chas. D. Barne ing moderate; Southern Triumpl 1.65 | Berlin, mark..... . :ggzc zggsc Rate—Maturity Bid. a1.75;_slightly decayed, 1.40a1.60; Cob- | Bome lira e ke Jes Aug. 11832, 100 -5 = e e L Public Public Puldman Corp (3) Pure Oil. ... Pure Ofl pf (8). Lead Price Reduced. NEW YORK, June 30 (P)—A reduc- | DIErs,"1.30a1.40; ordinary to poor, 1.15a | Athens, drachma. ... 13¢ 1fes Sept. 13 19820000 100 5.3 tion of five points in the price of lead | 1.25: Missouri Cobblers, 1.35a1.40: small | Madrid. peseta... 103 " 1933 : 100 to 5.95 cents a pound was announced | Stock, 1.25a1.30: old stock dull, supplies Vienna, schilling..... 14.07c s Dec. 1932 1101 4 Budapest, pengo. 17.48¢ 4oy by the American Smelting & Re- | light, practically no trading. Prague, crown (nom.} 2964 1B 1 fining Co. Tt S.= 100 27-33 + 4 Talk Is Cheap Here Are FACTS! Davega Debenhams S Hathaway Bakerl Intercontinental Invest' A Medusa Port Cent pf A Mtg & Title Guar of A New Britain Mach pf A Public Util Investing $5 pi.§1.2 Deferred. guAl’sln. zloty .. %é :ZC 1933 . 100 penhagen, crown e 1933 . 100 e — i Oslo. crown . 26.8¢ 28 Ju . 1933... Western Maryland Railway. | &0, Sown oo 3346 3 sk i DlleENDS DECLARED BALTIMORE, June 30 (Special).— | Montreal, 12 15-327, discount s . 1935 100 SEenE i The Western Maryland Railway Co. re- ks b e ports net income for May after all ex- R i S NEW YORK, June 30 (#).— penses, taxes and fixed charges of | ‘rown Cork pf Rhin W EL P (a1.06). Reduced. $5,882, a3 compared with 99138 sarned | “rucible Steel. . Richfield Oil. . 3 3 Pe- Pay- Hidrs of | i May a year ago. For the first five | "uban-Am Sugar Rio Grande Ofl. ... Company. d. able. record. | months of this year net after charges | “urtiss Wright. R st Dich tasie) T Bl wrisley (Wm) Jr. 25 M Aus. 1 July 20 | amounted to $151,073, as against $426,- RS 3 . o Vpa T : M Sep. 1 Auc 20/601 in the like period of 1931. | Stores (5) ... 9 35% 3 3 s S netn M Nov. Operating revenues for the month | rspf (6). S b | totaled $945012, as against $1.160,918 | ‘Mwnl N | last year; operating expenses were n Francisco. . 5692,761, compared with $802,619, while | meeting of the Executive| : Dilaware Lack & W ra Al Line Db, gt 8380300, Taxen for e | Gommittee of the fducary section of iizon (8) abonra 01l Del 40c. month totaled $70,000, and for the five UR $5,000 to $5,500 First Trust Notes are secured e District Bankers As: oh (3 rs Roebuck. ... ... - e Leonars Mavbury, assista 21t Dlamond MicnpELE 3 v T ived charges in May required $269,- oy madam e 2 o 3 btk Wa il officer, Washington Loan & Trust Co., T4 Dome Mines (1120). x harp & Do pf 323, compared with $291,328 a year ago. detached and attached homes in Mt. Pleasant that are selling faster than they can be constructed at a wWas elected cnairman for_the present Atrerafe (1) Shattuck (FH) 50c. Tt administrative year. T. Stanley Hol- rug Corp (4).....s0 3 hell Union Ofl...... 3 2% — 1| B Pederal B H July Jand, assistant trust officer, American 4 Dupont de Nem ( 519 hell Union Ol pf PRI i E SHORT-TERM SECURITIES. average price of $10,000. This gives you about 50 7% ecurity & VAS vic 0 >upont deN db pf( 2 o E 3 % Chairman i Taliafe 87" Dupues LSt (2): 108 ; 218 Skelly O+~ i Pe. Pav. Hidreof | (Reboried by Chas. D. Barmey & Co) | | rgin of safety. Compare them with any other form wice president and trust officer, RIggs | ————mmrrmn Socony-Vac (80c) A W W & BLpt 555 TG UON 1 Sen 8 | Allis-Chalmers Co. 55 1037.... ebla U85 | of investment offered today—compare them with any et expecsid Short.of the sppoiat- HiStman Kod bt (6). 1408 e r Bl S ke X Joir 3| American SO0 S o, Mhs fh, 187 | oflas Miais oerd I\ Wathiughen. They yhald 676 na Thents of committes. memberships. c Auto-L (1.20)... 1 South Port Rico Sug. Discount Cor N ¥ 5250 June 30 | Amer. Wat. Wks. & El. 33 1934 mature in 3 years. Obtainable in units of as little ec&Musical Instru. 67 Soutiiern Pacific as $100. Eagle Lock Co...62%:c June 24 | Baltimore & Ohio 4'2s 1933. Southern Railway. . . Communicate With Loan Department Grant Lunch elding Hemingway Co. 85 1: (Newark) 8¢ June30 .......|Bethlehem Steel Corp. Ss 1936. Sparks-Withington. . Spicer Mfg HARVARD TERRACE DEVELOPMENT CORPORATION Green & Coat Canadian Nor. Rwy 4 1035 Stand Brands (1 Executive Offices 1420 K St. N.W. Other Local Financial Notes. | John D. Mothers ager of the MWashington office of Fi JUngerleider, ex York Stock E» . Smportant add T Bl service, in order otk : kesih) swith foreign securi 2 % s S % iy Smarkets Paris office has been | much enl two cen Jocated | Hadley Falls Tr C Chicago Rock Island 4s 1934. (Holyoke, Mass) $150 Q July 7 | Cleve. Lor. & Wheeling 5s 1933 . Hart & Cooley.$ilily Juiy 1 June 27 | Colorado & So. Rwy. 4las 1935 Hercules Powd pf.1.78 ‘Aur. 15 Aug. 4 | Commercial Credit Co. 5is 1935 Horn Hardt N Y .62%ac Aug I Delaware & Hudson Co. 5s 1935 Hydro-Elec Secur b | Denver & ‘Rio Grande 4%as 1936 i 5 Aug. 1 July 18 | Gen. Mot. Accep. Corp. 6s 1937 McCrory Stores pf $1.50 Aug. 1 July 20 | General Pettoleurn Corp. 5s 1940 irestone T&R pf(6 6% 46 7 : New Confect .52 July 1 June 22 | General Public Service 5las 1939 tand Oil N J & Hudson Riv ‘Gnmd Trunk of Canada 6s 1936 4 > Ry & Perry Co....33 8 July 1 June 30| Houston E. & W. Texas 5s 1933 ubber . Sterling Secur cv pf. Niag Alkali Co pf $1.75 July 1 June 28 | Keystone Telephone Co. 5s 1935 -Wheeler. . 2 3 5 Stone&Webster(50c) Norf & Western Ry | Laclede Gas Light Co. 55 1934 n(a) : foario-Git T A el Aug.19 July 30 | Louisville & Nashville 53 1937 . Yoy 6 . — Ohio Asso Tel ew York Cent. & H. s 1934 6% b ....$150 Q Junel5 May31|New York. Chi, & St. L. 6s 1932 Peoples Nat Bank of Northwestern Telep. 4%as 1934. $250 .. July 1 June3s |Penna. R. R. Co. 8iss 1936.... Portland General Elec. 5s 1935 July 1 June 20 | Republic Iron & Steel Ss % July 5 June30 | Sinclair Crude Off Co Siss | Southern Pacific_5s 1934..... July 1 June28 | St L. LMS Ry. R &G. 45 | Urlon Elee. Lt. & Pow. 5s July 1 June30 | Union Oil Co. of Calif. 5 July 5 June 30 | Virginia Rwy. & Power 5 July 10 June 30 ' Wabash Rwy. Co. 55 1939. Phila Pass July 7 June22 | Chi. Northwestern R. R. 5s 1933 Stand Brands pf Phone NAt. 8949 PROPERTY MANAGEMENT © £ Pm Dow OEPO O O POO All the o B R & o i . : i 4 o o s Bklyn ... m Investors 2 ‘exas Corp (1), 9 S:-{,«md Nat Banl Tank Car (1), s Tex Gulf Sulph (2).. 18 Sec Twin Bell §yd 3 Springfleld Safe Dep s T State Bank & Tr (Evanston) " .. s ‘Twin Bell Ol Synd. .$2 Unit Cos of N J.32.50 company maintain 1 the lobby of the Woodward Apartment House MANAGEMENT OU know the multitude of problems which are con- fronting you continually in connection with the manage- ment of your apartment house properties—these can all be consigned to us for successful solution. Our management service is thorough, complete, efficient— and for a very nominal fee. atl Inv (1) ater Asso Oll. 21 3 ride Water As pf () 1 1 en Cigar (4) v 4 1 Timken Roll B 134 . 2 1 2 8 Gen Electric (40¢) oEo © RO ssentatives of the Home ompany of New York agement of H. R. Bryar- 5 e 28 confer- 24 P : Elec (A).. 2 3 pLA(DS) 1 en Motors (1)...... 191 en Motors pf (5)... 4 " b LA b Underwood-EI-F (1), 17 -Fish pt (7). 20s 1 p Carbide & C(1.20) 43608 3 2 n Oil of Calif (1.40). “nion Pacific (6). Inion Pacific pf (4). Tn Tank Car (1.40) Init Afreraft....... Unit Aireraft pf (3). Unit Biscuit Unit Carbon. . Unit Cigar Stor nder the m ly & Bro., will hold an agen nce at the Washington Hotel Priday. t 12:30 pm. The conference will be ddressed by Dr. Andrew Browne Evans, | local medical examiner for the com- any. His topic will be e Medic; 0% Gi . ide of Life Underwriting 4 1 ot (5). The week ending June 23 marked a 3 3 Co prpf (7). 100s ise of 4.1 per cent in number of fail- Gobel (Adolf). Xy ures reported to Bradstreet’s. The in-| 197 « Gold Dust (1.60) rease in number was accompanied by ioodrich (BF).. gain of over 100 per cent in Liabili- | Goodrich (B F) pt jes involved, says Bradstreet's. This Goodyear Tire&Rub. vas largely due to a spreading of bank 4 Goodyear 1st pf (7). uspensions, principally in the Chicago tham Silk Hoslery week. raham-Paige. ..... 3 d‘mf_u:.:, s Granite City Steel(1) ant (WT) (1). ! FREIGHT LOADINGS GAIN. eat Northern pf. By the Associated Press. _ Great Northern Ore. , Loadings of revenue freight showed a Griesty tranow.s. #light gain during the week ended June e o i e b A2 a8 as compared with the previous week o e the table that follows the total load- o : e ngs are given for comparable periods| 24 % Fahn Dept Stores s announced by the American Railway | 22% 7% Hat Corp pf.... -1 tion: 284 14% Hercules Powder (2) Tri-Contl Corp. “ontl Corp pf (6 PAY DAYS ARE SAVINGS DAYS Your Budget May Require Readjustment—Do Not Neglect to Make Ample Provision for Your Savings Account—It Is Your Backlog of Safety— We Pay 3% Interest on Savings Accounts in This Sixty-Year-Old National Bank of Unit Corp pt Unit Electric Coal Unit Fruit (2) Unit Gas&Tm( Unit Piece Dye Wks . U S & Forn See pf.... 4l Gypsum (1.60). .. U S Hoftman. . . U S Indus Alcohol 1 US Leather.... 464 U 8 Leather pr pf(7) - Cars. | ¥3 44 Hershey Choe (§) 5 +1 T% U S Pipe & Fdry (2). x ended June 18... 18,409 | 131% 110 Homestake Min (9) 3 -5% 2 USRealty & Imp. ... week... .. 1,760 | “24% 8% Houston Ofl 4 U S Rubber...... Same week 1ast JEAT,peepeenare 138,004 ~. 84 1% Houston Ol (Dewles - ER R N “Utmost Service” SECOND NATIONAL BANK 509 Seventh Street, N.W. 1333 G Street, N.W, © FE FPFEIF ¥ 1L+ !