Evening Star Newspaper, May 3, 1933, Page 10

FINANCIA BROKERSSEETURN || TRANSACTIONS ON THE NEW YORK nd Net. Low. dend Rate. N 3 High. Low. . Add 00, : 3 " Dividend Rate. Add 00. High. Low. Close. Ohe. 9 213 17 6% 1 2% Kaufmann Dept St.. 15 7 40 23% Reading Rwy (1).... 51 39% 35% 35% —3% 12 FINANCIAL 6% Kayser (J) & Co. 31 25 Reading ll!p!(z): . 1 29% 29% + % Comwith & Sou p£(8) % Kelly Spring Tire B 34 Bedlog34pE (). 4 %% _ «|Passage of Inflationary Leg- ¢ 7% Congol-Nairn (60c).. 16% 2 6 Kelly-Sp Tire 6% D!... 7 ! 6 Congress Cigar (1. 6% ~ 3% Kelvinator Corp. ... 400 D e 3 Islation by House Causes seg Selling Wave. Optimism Stirred by Recent Today's ~Prev. 1933.~ Stock and Sales Net. High. Tow. Dividend Rate. Add n'llL m;h. :;7-. Close. Ohge. 0 2 i Advances in Commodi- |2 : = 7 75 7 :l‘/. 81 Consol Cgrprpf6%. % ties and Stocks. ;| & . e i i e ECD 4 3% Consol Cigar.. 9 50 30 Kendall Copt (6 50 5 2% Remington-Rand. 6 5% + % 7% Kennecott Copper. 7% Rem Rand 1st pf. 1 16% +1% 6% Kimberly-Clark. - 5 1% Reo Motor Car % 1% Consol Film... . 10% 5% Kresge (S8)..... 4 Republic St 29 13% lg‘ln 8 - % 5% “onsol Film pt. . 100 88 Kresge (SS) pf (7).. 9 Republic St . l:% 40 Consol Gas NY(3.40), 30 _14% Kroger Grocery (1). 1% Revere Copper X" BY EDWARD C. STONE. 11y 4 — %) 99 8 ConsolGasNYpf(s), 9 BY GEORGE T. HUGHES. 2% Revere Copper (A) 4 " .8“/: 22% Lambert Co (4)..... ¥ Many Washington brokers express| . 2% Consol Laundr T be 6 Reynolds Metals(1).. the opinion that the bottom of the depression has now been “thoroughly scraped” and look for the present up- ward trend to be maintained for some time to come. They do not mean that investors should plunge in and buy stocks without the most careful dis- crimination. '‘Caution is always wise and necessary. But the advances in commodity prices have aroused an optimistic view toward securities that has been lacking for many months. The controlled in- 1% 18% 2% 1% 31 2% 2% 12 95 121% 12% 10% 1% 13 30% 15% Ja Airway Elec Appl..q 11% Alaska Juneau(60¢). 1 Albany Wrap Paper..§ 2 L3 7 Alleghany Corp..... 1 Alleg Corp pf $30ww. 1% Alleg Cp pf $40 ww. . 1% Alleg Cp pf $30 xw... 5 Aileghany Steel..... 1808 70% Allied Chem & D (6) . 115 Allied Chem pf (7)... 6 Allis-Chalmers Mfg. 5% Alpha Port Cement.. 8% Amal Leather......s 5 Amal Leather 18% Amerada Corp ( 7% Am Ag Chem (Del Y - 5 Consol Of1 Corp. % Consol Textile. 134 Container Corp (A).. % Container Corp (B).. 3 Contl Baking (A) % Contl Baking (B).... 36 Contl Baking pt (4).. 856% Contl Can (2)........ 3% Contl Diamond Fibre 10% Contl Insur (1.20)... % 117% Corn Prod pf (7).. 2% Coty Inc........ 23 Cream of Wht 12% 2% Crosley Radlo... - srfesees”grsx +lLl++11+++1 4 8% 82% 3 Lane Bryant.. 3% Lee Rubber & Ti; 5% Leh Port Cement. 34 Len Port Cmtpt3 1 Lehigh Valley Coal. 2% Lehigh Val Coal pf.. 8% Lehigh Valley RR.. 37% Lehman Corp (2.40) 14 Lehn & Fink (2) 4% Libbey Owens Gla. 49 Liggett & Myers(15). 49% Ligg & Myers B (15)., 132 121 Ligg & Myers pf (7). 17% 18 11 19% 13 Laly Tulip Cup (1%). 10 Lima Locomotiv 6% Link Belt (40c). 10% Liquid Carbonie. 26% Reynolds Tob B (3).. 260 % Richfleld Ofl...... 2 Rossia Ins of Amer.. 17% Royal Dutch... 12 Safeway Strs pf (6 80% Safeway Strs pf (7) 6% St Joseph Lead. . Savage Arms. ... 4 Schulte Retail St Schulte Ret Stor pf. Scott Paper (1.40) 2 15 15 Bpecial Dispatch to The Star, NEW YORK, May 3.—Passage of the inflation amendment to the farm relief bill by the House of Representatives this afternoon brought a wave of profit-tak. ing sales into the stock ma: nd & mo_‘ggrn%‘renfii)on. Sk e share list was irregular all subject to cross currents E;‘(l spe::ulldl:vye' activity. Copper stocks were the lead- ers at the end, but the rest of the list 1 | Fanged slightly lower. Sterling exchange was strong all da; although other European currencies were irregular, most of the time lower, FHbh bt flation move has had a favorable ef-| 15% 8 Am Bank Note.. but not importantly so. In com - fect on the markets, brokers assert,| 40 34 Am Bank Note " 21% 8! Leew's Inc (1) ties wheat made new highs on the 6 14% Crown Cork & Seal. .. . s : ) while the pick-up in the steel industry| 5% 1 Am BeetSugar. 24% Crown C&S pt (2.70). ‘a“st u\’u ll::kwl.n!enc vy has another important factor. 26% 2% Am Beet Sugarp Y 9 ac RIS S aRE s 86% 19% Loose-Wiles Naturally, the greatly increased| 197% 9% Am Brake Sh&F 6 2 4 19% 10% Lorillard (P) (1.20).. volume of trading has placed all New 49% Am Can (4). % a Co.... 2 1% % Loulsiana Ofl. York stock market brokers in a very| 128% 112 Am Can pt ( -4 6 3% Louisiana Oil pf much more cheerful mood. In this 6% Am Car & Foundry. .. *uban-Am Sugar p 19% 13% Lou Gas&El A (1X). connection the progress made during Am Car&Foundry pf. 20% Cudahy Packing 2 40% 21% Louisvile & Nash... April is highly informative and inter- Am Chicle (13). 4 S Lt 9 4 LudlumSteel....... A Comes Aleohai.: I 23 3 18~ 9% MeAndrow Forbes(l) 8 37 Am European Secur., 74 McAnd Forbes pf (6) Am & Foreign Pwr. .. Am&Forgn Pw pf (6) Am & For Pw pf (1).. Am & For Pw 2d pf.. Am Hide & Leather. , ‘Am Hide & Leath pf.. Am Home Prod (3).. FIEP FEEFES Seaboard O1l (150c) - o movement and closed below the best, R e e but up fractionally on the day. Corn Frospr s also went into new high ground. Raw Seiis Cogiie 1 sugar made a new high. Rasce oo Car loadings showed improvement, For the Pennsylvania the decrease was 9.7 per cent from the same week a year ago, whereas last week a decline of Ehelt ion O1F % 19.1 per cent was recorded. Shell Union Ol e, The market had a very encourag- Simmons Co.r.. ok o appraise it Soared WP T MeC Simms Petrolm (25¢ I % i et 2:. ’gd(‘my.qmm 2 : = SR )‘ of only 18 per cent from the same - ":];‘z’r{){};o‘;’(:;";» ey g " week a year ago, while the Atlantic v ]\MK“’ t‘TP £ + Sloss.Sheff Steel pf. . Seabord registered a gain on the year. ek :n:'&n DM" i el The showing was made the occasion of MCKC:.!:"“RSI’ :- P ot - 9 2 demonstration in the utility stocks, e & Rt e i which in any event were held to be Pt E(ores'pf 5 South Cal Edison(2). D Lt matket: Berlin Seree Routhioa1 Béiacn (D). Buying came int6 a long list of these : Mack (n“’&m’n(-z-)- Southern Rallway. ., 4| issues, including Consolidated Gas, Macy (Rl & Co G Southern Railway pf North American, National Power & mm.Cogm i Spang-Chattant. .. . Light, Public Service of New Jersey Mama Copper. Sparks-Withington. . and Columbia Gas. The gains were Nalitzon & Co. Spencer Kellogg (60¢) —— M.n-uqugarp 5 Sperry Corp. b Tne Iron Age report for the week Wit Spiegel-May-Stern. . came up to expectations. It told of Mandel Bros. P « Standard Brands (1). “mounting production, rising prices and MinhntElevmo: . Stand Gas & Elec. . 3 2 broadening demand” and estimated SRSHERf iy i g Stand Gas&EIl pf (4. 1% [ Steel operations at 29 per cent of ca- ¢ Manhatian vt . Stand Gas&El pf (6). pacity against 25 per cent last week. Marine siaia 3 4 Stand Gas&El pf (7). During the morning, however, the steel Mariin-Tock (1)... Stand Invest Corp. .. issues did little more than hold their MarmonSoior i it L ot () own, absorbing heavy realizing. ; s Bns O Sy ot 61 Ofls were weak. Omission of the divi- 1 Martin Parry......., S c. 81.9 per cent; the motors, 81.4 per cent; ‘Am Shipbuilding (2) 3% Elec Pwr & Lt. . . Mathieson ATk (1) Stand O NT (1) 3 ] y o Iy tsr.fc(.ml-fi:x:c)uz:‘? ot the divtc s > - y V thy wo of the divi- the electrical equipments, 55.3 per cent: % % Am Sm & Ref 614 Elec Pwi e the bullding_industry shares, 518 per Am Sm & Ref 6% pf.. 13 Bleo PwraLs §7 of , Rl O e o dend on Standard Oil of California, all cent; the railroad equipments, 49.8 per ~ AmSm & Ref 7% pf.. ; 3 21 " Elec Storage Bat (). Melville Shos (1.20) e o dieh emphasized the distressing cent! the miscellaneous industrials, 43.2 Am Snuft (13%) 26 ' Endicott-Johnson(3) Mengel Co. . Fr et Condition in the industry. It was fel per cent; the retail shares, 42.5 per 215 Am Snuff pf (5) . ; Endicott-John pf (1) Mengel Copl. .. nnn Afatling Bacuc vl et golution would be found very cent; the oils, 41.9 per cent; the chem- Am Steel Foundry Engineers Pub Sve. . Mesta Machine (§0¢) . Lo Wb shorlly Jut meanwhile the cil shares icals, 39.5; the foods, 36.7 per cent: the AmStores (1235). EnsPSpfww Gi4). 2 5% +1% i Miami Copper. ...... A o Thon ik o hiq for thematives, Whioh reils, 20.2 per cent, and the utilities,| 53" A AT 6'5 Equitable Of BlA(1).. Mid Continent Petm. st R mdienily well, Stndéad 27.2 per cent. m Sugar p 8% 3% ErleRR........ Midland Steel Prod. . Sun oIl (1), .cns or A Socony-Vacih wese off by o Am Sumatra Tob. ot hree Shening Pt A: T:;n: Tr:l (t;) 1} 4 . Mid Stl Prd 1st pf(4). Superheater (50c) tions to more than 2 points. 8 7% _ 2% Erie RR 2d pf. ‘ Minne-H'well Reg. .. % Superior Ofl....... pore Am Tobacco (5).. Earnings of 59 cents per share on 6'a 2% Fairbanks-Morse, Minn Moline Pow.... 2 Superior Steel : el i Toba (B) (5). 8% Telautograph (1. Q 4 7 2 MStP&SSMpf uarter of 1932 has brought Peoples Am Type Farspf.... 18% Ti; Fed'd Dep Stra(60a).. &8¢ ‘Jlbmg Stores, Inc., considerable o 7 Am Water Works(1) 10% Fidelity-Phoen 1.20.. 4 st 1% Tennessee Corp. ment in the financial district. Many Am Wat Wks ctfs(1) 914 Firestone T&R (40c) . o Fan s It 10% Texas Corp (1) big chains have been reporting de- Am Wat W 1st pf(6) . 42 Pirestons TAR: pt(6) 6 Mo Ean & Tesna bt 15% Tex Guit uion counter market: ;"“1'5 e megfie pemfl e o ‘ fi: 333{2391 g p e b B 4 » Missourl Pacific pf.. 15 Texas & Pacific...... ‘Q""mm;;;&ol 2 o'clock.) riz!’l‘z firéfi‘xfih S e . Am Writ Paper ctf: e i) g E ;:: f::fi}fl'é E::m 'A‘xn' Bank Manhattan (2) .. 5 2 ‘ f 1 : - M to Ch . = s Consolidated income account for quar- Am Zinc & Lead. 3 413 Foster-Wheeler. sl SHon 1% o) e Ghase National (2 Am Zinc 8 Lead 3 WoundationCo. Montgomery Ward. . Commercial (%) 'gxi]oe;ged March 31, 1933, compares as Am 2 & Lead £ % 13% Fourth Nat Inv 1.10., 1 Mother Lode First National e e : % N MorFUmCA).. L. Motor Meter G & EI Archer.nfl:fl, 1Yo % 9 31 16% Freeport-Texas (2).. 29% Motor Product; Armour of Del pf(7). 1098, 97 Freeport-Tex pf (6). flo;;)f w h:e]. 4 Armour of 11 (A)... ; 6 1% 1 Gabriel Co(A) Mulling Meg o¢ Armour of 111 (B). . 6% Gamewell Co.. Mrray Corp. 7 Armour of I1l pf % 2% Gen Am Investor, 2 Arnold Constable. ... s 42 Gen Am Invpfww . T1% Nash Motor. . Associated Apparel.. 37 13% Gen Am Transp't(1l).. 13 Nash Chat & StL. Asso Dry Goods. % 4% Gen Asphalt... 1'4 Nat Acme Co... Asso Dry G 1st pf. 7 13 Gen Baking (2)..4.r " 9 31'; Nat Biscuit (2.80) e SEEE Asso Dry G 2d pf. 4 2% Gen Bronze.. Y 5% Nat Cash Reg (A) Surplus ........ $4 % Atchison 4 3 1% Gen Cable..... 7 10': Nat Dairy Prod 1.20. *After costs, expenses, depreciation, etc. Al;‘hisrmcbf (5)1:‘ . 66 ;."4 gen gn:{a l.‘\). 3 ;j’- A\\:a: Bllstfllerl'.‘ ) . " Atlantic Coast Line., 3 h's Gen Cable pf. Nal st prpf (2%3). O e Atlantic Refining(1). 29 GenCigar (4)..... 5 ¢ 5 NatEnam & Stamp.. including $938,521 cash, L aash1es Atlas Powder. . ..... : ‘ 10% Gen Electric (40¢)... 815 434 Nat Lead (5). B e Atias Powder pf (6). 51 6514 10% Gen Elec spec (60c).. 12 101 Nat Lead pf A (7). This compares with Cuh_’ Ot e 31% Auburn Auto (2).. 21 GenFoods (1.60).... 125 2 Nat Pwr & Lt (1). current assets of $3.326.177 and ciitenb] 10y 51 Aviation Corp (Del) . % Gen Gas & Elec (A)., 14 Nat Steel (50¢). aflbm"eflrof (et L U e e e e = 241, Gen Italian Ed h2.04. 3 7 Nat Supply Co... “Ihe last bid on Peoples Drug 6% per| 19% 9% Baldwin Locomot G M, 3% 53 R cent preferred stock on the Washing-| 15 8% Baltimore & Ohlo. Gen Motors pf (5)... k ? ton Stock Exchange was 69, while the| 19 9% Baltimore & Ohio p: bt D . common is selling around 17 on the 681 Bamberger pf (6%) Ty e New York Exchange. 20N ERTE & KxookLEDEce e PR Setice.. Newport Industries.. 68% Bang & Aroos pf (7). Newton Steel. .o Life Insurance Totals Huge Sum. 3 ewton Stee “ Barnsdall Corp . " > N Y Alr Brake, Members of the District of Columbia f;‘j“fi g:"{:{ i % 19 9% + 9 . N Y Central,. Life Undervriters Association are deep- et e e Gillette Saf Raz (1 NY Chicago & StL.. 14 ance v - Beech-Nut Pkg (3). . X " N Y & Harl Gimbel Bros. .. 3 2 arlem (5) 108 surance is now being handled by the Belding: Hemingway, Gimbel Bros pf. 4 ‘ N Y Investors. . 12 37 4 Bendix Aviation 99 $ VYN s O $54,000,000000 of 1te Best & Co.... : e NYNH& Hartpfor 28 i) Bethlehem Steel 43 #lidden Co pr p: : = & insurance is in force in companies rated % N Y Ont & Western. . < g Bethlehem Steel pf.. ; Gobel (Adolf) ; v 7 ~ : N Y Shipbldg pf (7). 5 : Blaw KNOX. ... .vses Goodiokia ‘ Pipe&Fdy (50c).. around 89 per cent of all the insurance s Goodrich (B F) pt. N Y Steam pf (6).... 2 1 Bohn Alumn & Brass ot. y P&F 1st pf1.20.. : Tated The survey, which i approxi- D ore i Goodyear Tire&Rub. I R 00 Realty & Imp. % 5 Secured by mately cia}rlnp eEeB..' s 5 OWS oo;fi CO::’II' Borden Co (1.60) p = 27% Goody’r T&R 1st (2). Iy Norfolk 50““"":‘ - % % Rubber. .. P" M Ve Inmirance in force. above $6.000 Borpiwarner: 2 ST crmmmrimes Norfolk & West (8).. 1404 -2 D * : irst Mortgages A i 2 3 -Pal N e 88 & . ; ~ . 000,000, almost 6 per cent of insurance : o gy -~ % 3% Granby Consol. 8 North s Aviation - ia i) Safe—Conservative 000,00 . s 4 i 3% Grand Unfon.. 8 . " = 4 Briggs & Strat (1) 7 4 1 o N . : d Bklyn Man T pf (6). 4 Gran e s : M. 1. daunders 4 which are_considered recommended BT o s () 4% Great Northern pf. Norwalk Tire & Rub. Unit Stores pf (3%)+ % ratings by Best, totals 95 per cent of R f 5% Great Northern Or Norwalk TR pf 3% . Univ Leat Tob (2)... 3 REALTORS all insurance in force. The survey e T 7 Great West Sugar. DLOhOO. ... ... 86 8 Univ Pictures 1st pf. 50s 4 Dist. 1016 1519 K St. shows that there are over 300 legal . 3 Bruns Term & Rw: . o 72% Great Wn Sug pf(7). 1% Oliver Farm Equip.. 90 Univ Pipe & Rad 24 reserve life msumx_lce companies qomg 2 - Zel e % Grigsby Grunow.... W 8% Oliver FEqprpf A. 19 a3 Univ Pipe & Rad pf.. 140s » business 1n the United States, of which : i . - 1% Gulf Mobile & North. 1% Omnibus Corp 4 Utah Copper. 40 v p Budd (E G) MIE..... = sows 104 Otis Elevator(60c % % Vadsco Sales Corp by the first 30 companies. Budd (E G) Mfg pf. e 324 __16Y% Gulf States Stl 1st pf 3 35 Otls Steel. 18% 7% Vanadium Corp Today’s Tradh Budd Wheel.... " 19% 15 Hackensack W (1%) 21, Otis Steel pr pf. . 1% Van Raalte. adny's Trading On Evchangs. 28 25 Hacken WatpfA 1% 31 Owens 111 Glass ¢ 2" waEE 28 LEd L +4+ +1 +1++ s sEL ) Shattuck(FG) (24¢). 100 Stocks Up 45 Per Cent. ‘The market value of 100 representa- tive common stocks increased $3.509, 503,000, or 45.5 per cent, last month, to $11,213,306,000, according to Frazier Jelke & Co. The 100 issues at the end of April were 47.3 per cent higher than the day before the bank holiday was declared and 101 per cent higher than at the end of June, 1932, the approxi- Am Ice pf (6).... mate low of the bear market. On Sep- Am International. tember 8, 1932, the hight of last Sum- & Am Locomotive. mer’s rally, the list was appraised at Am Locomotive pf. $12,764,950,000, or at $1,551,644,000 % Am Mach&Fdy(80c). 2 91 more than at the close of business Sat- Am Mach & Metal: 9 urday. Am Metal Co. Each one of the 13 sub-groups con- Am Metal pf. stituting the index advanced last Am News (1%)... month. The largest recovery was in Am Power & Light..; 29 the oils, which gained $637,534,000. The AmP&L$5pf (1%)n , 27 utilities advanced $308,159,000 and the % Am P&L $6 pf (1%) . rails, $294,965,000. Am Radiator. On a percentage basis, the largest Am Rolling M1 advance last month was 87.3 per cent Am Safety Razor ( in the mines. The steels recovered Am Seating. - 4% Cutler Hammer..... 15% Davega Syores (h3).. 6Y% Deere & Co pf (20c).. 37% Delaware & Hudson,, 17% Del Lack & Westn, 48 Detroit Edison (4)... 17% Diamond Match (1).. 26% Diamond Mach pf 1% 12 Dome Mines (11.30). 10% Dominion Stores 1.20 10% Doug Afrcraft (75¢) . 6% Dresser Mfg (A).... 2% Dresser (SR)Mfg(B). 29 Druglne (3).... % Duluth S S & Atl pf.. 3244 Dupont de Nem (2). 971% Dupont deN db pf(6) 1% Eastern Roll Mills, 46 Eastman Kodak (3, 8 Eaton Mfg Co. - iR - ~ 11 1++ F OFEEEE FrEL | 3 oA IE dE4 T+l +++441 L FERs Ll ++4+ I+l 1++0 P OEEFIE 141 44) FRE FPP PP FREEFE FEFEIFE ¥ FFEF +1 NEW YORK, May 3 (#).—Over-the- Net sales ... Other strs."inc. I 6% Thompson (J R) (1). % Thompson Starrett. . 3's Tide Water Asso Oil. 23% Tide Water Assoc pf. 1 1% Timken-Detroit Azle E % Timken Roller Bg(1) 5 20} 2% Transamerica Corp. . | rving (1) o) o 2% Tri-Contl Corp. ... Manufacturers 41 Tri-Contl Corp pf(6). ¥ TAXJ![&K ¥(Ke pe 20% Trico Products(2%). L ' 2 Truscon Stee 3 | United States (60). 9% Und-Ell-Fisher (50c) — 19% Union Carb & C (1) 814 Un O1l of Calif (1) 61% Union Pacific () 56 Union Pacific pf 10% Union Tank Car 1 | PROVEN SECURITIES United Biscui i 1| 1t pays to buy only the best Securi- Unit Carbon. 7 & ties. Our builetin describing the Unit Corp (40 most_profitable group of £ oFFEF ER Federal net profit. .. Preferred divide! Common dividend: REE| 38 &2 Ey sorsed drers Nevada Con Copper. I+11+14++ +1+1++++++01 0141 FEFESE securities Unit Corp pt (3). 3 for the last 15 years and the | Unit Electric Coal... % group which advanced in 1932 | Unit Fruit (2). 7% T be sent wtihout obligation on request. | !t.:mxz Gas&Im (1.20). I Init Piece Dye Wks. Unit Pce D W pf 6% . ROBERT C. JONES & CO. | e e 2, Z, .|| shoreham Bidg. Met. 2922-23-24 U S Freight... 5 2 U S Tobacco (4.40) United Stores (A). First Mortgages FOR SALE 1 ‘The opening sale on the Washington 215 Bullard Co.. Stock Exchange today was a small lot of Potomac Electric Power 6 per cent preferred at 108%, up % over the last previous transaction. Potomac Electric Power 5!, per cent preferred also ap- peared on the board, five shares ehang- ing hands at 106%%. ‘Washington Railway & Electric fig- ured in a 16 share turnover at 80', same as the last previous sale. Lanston Monotype also figured in the day's trading with & small lot bringing 45, £howing a gain of a point over the last transaction. ‘Woodward & Lothrop preferred put in an appearance on the board today when a few shares changed hands at 1041;. Business then turned to bonds, the first bond sale being $100 Washing- ton Gas 6s, Series B, which moved at 103% and $1,000 which brought 1023;. ‘Washington Gas Light 5s, 1958, closed the day’s market with $1,000 sale at 8215, showing a gain of 1% point. Heard in Financial District. ‘The National Bank of Cockeysville, at Cockeysville, Md., and the Woodbine National Bank, of Woodbine, Md., have ‘been authorized by the Secretary of the ! to open on a 100 per cent ba- sis. ‘The Treasury Department reports that bids totaled $224,691,000 on the new offering of $60,000,000 of 91-day bills dated May 3. The total amount of bids accepted was $60,665,000. Voters in cities and States author- ized only $1,276,500 in new bond issues during April, compared with $9,007,000 in April, 1932, and over $17,000,000 in April, 1931. In the month just ended, Culpeper, Va., approved the largest is- sue in April of this year, $120,000. Holders of more than a majority of the 6 per cent secured notes of Unit- ed States Rubber Co. have accepted the company’s offer to pay in cash 30 per eent of the principal with interest due June 1, and 70 per cent in new three- 12 6% Burr Add Mach(40c). 138 1% Hahn Dept Store: 1 Bush Terminal...... 1% Butte Copper & Zinc.. 1 Butte & Superior.... 1% Butterick Co.. 812 Byers (A M) 3014 Byers (A M) pf (2 7% Californta Packing. . % Callahan Zine & Ld. 2 Calumet & Hecla..... 2 Campbell-Wyant Fy. 714 Canada Dry G A (1). 7% Canadian Pacific. ... 14 Cannon Mills (1).... 41 Capital Admin (A). . 50% Car Clin & O sta (5), 30% Case (J 1) Co...euem 41 Case (JI) pf (4).... 5% Caterpillar Tractor. 4% Celanese Corp. % ColOteX VEC. v s ea) 14 Cent Aguirre (1%). 38 CentRROfNJ.. 2 Century Rib Mills 5% Cerro de Pasco. 1 Certain-teed Prod. 24% Ches & Ohlo (23%) 147% Chesapeake Corp ( 1 Chi & Eastern Il pf 1% Chi Great Western. 1% Chi Mil StP & Pac pf. 1% Chi & Northwestern.. 2 Chi& Northwest pf.« 2% Chi Pneumatic Tool.. 5% Chi Pneu Tool pf. ... 2 Chi Rock I & Pac. 27 Chi R 1 & Pac 6% pf.. 31 ChiR I & Pac 7% pf. 6% Chi Yellow Cab (1).. 5 Chickasha Cot O(1). 2 Childs Company. 6 Chile Copper. 7% Chrysler Corp'n Tl City Ice & Fuel (2).. 45 City Ice&Fuel pf 6%. % City Stores. . 1% City Stores (A a 314 Hall W F Printing. 45% Hanna pf (7)........ 64 Harbison & Walker. ., % Hartman Corp (B) % Hayes Body..... . 6913 Helme (GW) (17)... 15 Hercules Powder 13 85 Hercules Pow pf (7). 3514 Hershey Choc (3).... 643 Hershey Choc pf(15) 314 Holland Furnace 2% Hollander Sons. . 145 Homestake M(110) 4% Houdaille-Hersh(A). 1 Houdaille-Hersh(B). 8% Houston Oil..... 1% Houston Oil (new) 51 Howe Sound (40c). .. 11% Hudson Manhattan. .- 27% Hudson Man pf (5).. 3 Hudson Motor Car 31% 20 Pacific Gas& El (2).. 43% 25% Pacific Lighting (3). 16% 6 Pacific Mills........ 81% 65 Pacific Tel & Tel (6). 110 102! Pacific T & T of (6).. 3% 1% Packard Motor Car. 21 % Park Utah b % Parmelee 25% Penick & Ford 19% Penney (J C) (1.2 % Penn Coal & Coke. 3 Penn Dixie Cemen 4% Penn Dixie Cmt pf. 13% Penna R R (50c). 41% Peoples Gas Chi (5) 3% Pere Marquette. 4% Pere Marquetts 6% Pet Milk.<..... 4% Petrol Corp of Am 29% _12% Vulcan Detinning... 300s 1% WabashRR.. Wabash pf (A) . Waldorf System (1). Walworth Co % Ward Baking (B). 11% Ward Baking pt (1 Warn Bros Pictur ‘Warner Quinlan West Pa Elec pf (7). 40 West Pa Pwr pf (6).. FREEEE REF #Si#;iu?#f#;# LR L gt 1% Hupp Motors. . 814 Illirois Central 16 Illinois Central p: % Indian Motor Cycle. . 24 Industrial Rayon (2) 19% Ingersoll-Rand(1%). 12 Inland Steel......... 2 Inspiration Copper..; 1% Insuranshrs Del 16c.. 1% Insuranshares (Md). 4% Interboro Rap Trans, % Intercontl Rubber... 2% Interlake Iron. % Int Agriculture. . 5 Int Agriculture pf..s 75% Int Bus Mach (6).... 27 Int Carriers Ltd 20c., 64 Int Cement.... % Int Combustion. 1% Int Combustion pf... 13% Int Harvester (60c).. 80 Int Harvester pf (7). 2% Int Hydro-Elec (A).. % Int Paper & Pwr (C)a 4% Phelps Dodge. . 215 Phila & Read C&1I... 8 Philip Morris&Co(1) 4% Phillips Petroleum. 1% Phoenix Hoslery. % Pierce Petroleum. ... 9% Pillsbury Flour(60e); 4 PittsCoal.. 17 Pitts Coal pf. % Pitts United Corp 15% Pitts United pf. 6% Pitts & West Va. 3 Pittston Co. 6% Plymouth Oll. 1% Poor & Co (B).. 1% Port Ric Am Tob(A). % Port Ric Am Tob(B). 4 PostaPTel&Cable pf. 5 Pressed Steel Car. 3 Pressed Steel Car pf. 19% Proctor & Gam(1%). 97 Proc & Gamb pf (5) 33% Pub Sve N J (2.80). 68 Public Sve NJ pf (5). 80 Public Sve NJ pf (6)s Pub Sve G&E p? (5).. West Pa Pwrpf (7). 10s 4 2% Western Dairy pf A.. % Western Dairy pf B.. 4 Western Marylend. . Western Md 24 pf. Western Pacific. ... Westinghouse Elee. . Weston Elec Instru. ., Weston El Inst A..... ‘Westvaco Ch] (40c).. 11% White Rock M 8 (2).. % White Sewing Mach.. 1% White Sew Mch pf. 2 Wilcox Oil & Gas. % Wilson & Co... Wiison & Co (A) 19 Wilson & Co pf. 25% Woolworth (2.40).... 8 Worthington Pump. . 6 Wright Aeronautical 341 Wrigley (Wm) (3).. 4% 2% Yellow Truck. 23% 18 Yellow Truck pf..... 8% 8% Young Spr& Wire... % Youngstown Sh&Tn. Swemnouae L N A 6% Interest JAMES F. SHEA 643 Indiana Ave. N.W, ENTERPRISE SERIAL BUILDING ASSOCIATION 7th St. and Indiana Ave. N.W, 70th Series of stock now open for subscription Payments on shares $1.00 each, payable monthly elly James E. Conng . Fresident RSy ‘Member of Buildi Associat unell ot District ‘of ‘Columbla. FIRST MORTGAGES he& +4+++ 1 ++1 F FFREEEFFE PFESEFEIENAT 44 1 ] FF Paying 6 Per Cent Now Available n Limited Amounts All based on new low construce tion cost levels. All confined to restricted estab- 2 IntPaper & Pwrpt.. FE P lished Chevy Chase home come munities. P. 2 If a SAFER FORM of invest 3 Collins & Alkman..., 7 50 8+ Dividend rates as given in the above table are ment is known we should like 314 Colo Fuel & Iron. ... % 6 payme: the latest quasterly or half:year to be informed of i nts based on 15% Colorado & Southern. 1% Interstate Dept St g A Ry T G WL M Denominations, $250 to $1,000 Phone National 2345 . 3 3 12% Colo & South 1st pf.. 12 Intersta Dept Storpf 10s stock. e Pavable in cash or stock. d Plus 8% in mNON & LUCE' 9 Columb G&EI(b80c). 1 TowaCentral RR... 1008 ‘special preferred stock. § Pavable in scrip. h 1 1505 H Street N.WA +1 Fibte s ion let to Atlantic & Pacific. Lumber Production Gains. NEW YORK, May 3 (#).—Production 8t lumber mills in the week ended April 59 .Columb Gas pf A(6). e 21 11 Tsland Creek Coal(2) 1 28% Columb Carbon (2) CALL MONEY HIGHER. 36% :’; gewel'l‘ncn (3) - 2 28% % Johns-Manvill 4 Commercial Credit. g vt 62 42 Johns-Manvillepf... 20s 67 67 Bydhe Associated Press. I I T A B S i e i X 18 3% 35 Jones & Lavehpr(i). 208 62 62 62 —1 | Time money averages remained un- ¢ 6% 7 1 ECFaLt1etpB@). s 100K 100k —4% changed during the week ended April| Week ended April X T A H R R qEy B2 ] ,fi‘.w&“tfiwm’“’%i secured 6 per cent mnotes, F. B. 10 Cluett-Peabody Eu“" Co ‘