Evening Star Newspaper, May 6, 1933, Page 10

TA-10 * BOAT LINE STOCK - THE EVENING STAR, WASHINGTON, FINANCIAL. STOCKS ARE FIRM - ..| AT SHORT SESSION D. C, SATURDAY, MAY 6, 1933. SACTIONS ON THE NEW YORK STOCK EXCHANGE ‘Today's Stock and Bales— Dividend Rete. Tod~y's Sales Net. | —193: Low. Dividend Rate. Add 00. Sales 13— igh. Add g(‘m m’.l':i lo;;" Low. Close. Chge. | High. Low. T g Ry e Norfolk & Washington Plans to Cut Capital Structure I Down to $500,000. . BY EDWARD C. STONE. Stockholders in the Norfolk & Wash- ington Steamboat Co. have approved the proposal of the directors to reduce the outstanding stock from $1,000,000 to 500,000. # The plan was ratified by the share- holders at a special meeting called by the directors, who explained the pur- pose of the move in detail in notices sent out some time ago. The adopted proposal contemplates the purchase of the outstanding stock -from the shareholders at par, which is $100 per share, in proportion to each stockholder’s financial interest in the company, payment to be made from the substantial surplus which has been maintained for years. Reducing the capital stock from $1,000,000 to $500,000 will place the company in a much stronger position to | meet present business conditions. After the retiring of this stock the steamboat firm will still have a surplus of $365,- 942.62, a substantial figure. ‘The annual report of the Norfolk & ‘Washington Steamboat Co., as of De- cember 31, 1932, showed total assets of $1,906,791.41, with working and accrued ; liabilities of $40,848.79, leaving $1,865,~ 942.62. With such a sound flqnncilll structure as this, the retiring of $500,~ 000 in capital stock was a simple matter. The action is in line with that taken by many other large corporations since the depression started and lower earn- ings and dividends became the rule. Retiring of half the stock will of course make it much easier to earn satisfactory dividends on the other half. That is| the reason for such moves by so many different companies, and those with large surplusses have been lucky, at least, the stockholders have been. Many other concerns have not been able to retire stock at anything like par value. The present officers ¢f the company are: Clarence F. Nornfent, sr., chair- man of the board; Clarence F. Norment, jr., president; G. W. Forsberg, vice president; E. C. Brandenburg, second vice president and general counsel; Odell S. Smith, secretary and treasurer, and J. Allen Riordon, general manager. The Norfolk & Washington Line, which operates steamers between this city, Alexandria, Old Point Comfort and Norfolk throughout the year, has re- cently adopted a novel plan in order to increase busiress. Passengers may have their automobiles placed on the boats for free transportation. At the end of the trip they are available for use at the Virginia resorts or for motor trips South. Becomes Federal Reserve Member. Announcement was made today that the Washington Loan & Trust Co. has become a member of the Feder«i Re- serve System. This institution was the first trust company to engage in business in Washington, having been organized in 1889, It was also he first trust com- pany to become a full member of the Washington Clearing House Associa- tion, which it joined some years ago. With resources of over $19,000,000 and capital, surplus and undivided profits and i Teserves in excess of $3,- 000,000, it has always been a consistent advocate of policies in keeping with conservative banking practice. Harry G. Meem is president of the bank and John Joy Edson, a former president, chairman of the board. Bankers Debate Here Tonight. E. Wallace Schreiner, member of Washington Chapter, American In- stitute of Banking, will be one of the contestants in District No. 2 National Public Speaking Contest, which will be held in the club room of the American Security & Trust building at 8 o'clock this evening. Aubrey O. Dooley will end an un- usually successful year as chairman of the local chapter’s Public Speaking Committee, at this time. The contest will include representa- tives from Delaware, Maryland, New Jersey, North Carolina, Pennsylvania, Virginia, West Virginia, and the Dis- trict of Columbia, and the winner upon this occasicn will be sent to the Na- tional Convention of the American In- stitute of Banking, which will be held in Chicago in June, to compete in the A. P. Giannini Public Speaking Con- test for the Glannini prizes, ranging from $100 to $500. E. F. Matthews, the First National Bank of Philadelphia, will preside. Heard in Financial District. At the meeting of the board of direc- tors of the National Permanent Build- ing Association held yesterday after- noon the resignation of J. Leo Kolb as a member of the board was tendered and regretfully accepted. The Treasury Department has invited tenders for 91-day Treasury bills to the amount of $75,000,000 or there- abouts. Tenders will be received up to 2 p.m., eastern standard time, May 8. Bills will be dated May 10, maturing August 9. Directors of Drug. Incorporated, to- day declared the regular quarterly divi- dend of 75 cents per share on the capi- tal stock, payable June 1 to stockholders of record May 15. Edgar Morris, president of the Edgar Morris Sales Co. of Washington, was elected a member of the board of di- rectors of the Southern Gas Associa- tion at the close of their three-day convention at the Shoreham Hotel. ‘The E. S. Brashears Life Insurance Agency, Washington branch of the Union Central Life ‘Insurance Co. of Cincinnati, showed a 20 per cent in- crease in net paid-for business during the month of April, 1933, over the cor- responding period last year. Virginia Public Service Net. . Net income of Virginia Public Service . for the fiscal year ended December 31, 1932, was $1,013,497.64, thé annual report of the company distributed yes- terday from its Alexandria, Va., office reveals. Total gross earnings were $6,977,669.79 and total operating ex- penses and taxes amounted to $3,843 307.72, leaving a balance of $3,134,- 362.07. From this was deducted total interest charges of $2,120,864.43. Baltimore Market Bpecial Dispatch to The Star. BALTIMORE, Md., May 6.—White itoes, per 100 pounds, 80a1.00; new, ushel, 1.00; sweet potatoes, bushel, 50a .10; yams, barrel, 1.75a2.00; beans, bushel, 1. asparagus, dozen bunches, 50a2.50; beets, per half crate, 1.25a1.35; cabbage, hamper, 1.00a1.75; carrots, bushel, 40a50; caulifiower, crate, 2.00; celery, crate, 2.00a2.50; cukes, bushel, 2.00a3.00; eggplants, crate, 50a 2.50; kale, bushel, 15a25; lettuce, crate, 2.5082.75; onions, per 50-pound sack, 3081.25; lima beans, bushel, 2.50a3.5( spinach, bushei, 25a50; peas, 75al1.50; peppers, bushel, 75a1.50; tomatoes, lug, 40a2.25; radishes, per hundred, 1.00; , bushel, 1.00a1.50; apples, bushel, .50; strawberries, crate, -1.75a3.0 m;\;n. box, 1.50a2.00; oranges, box, Dairy Market. Live p&ultry—'(oung chickens, 17a25 10&’. @ pound; leghorns, 16a21; old hens, 8al4; old rocsters, 8a9; ducks, 9al4; fowl, each, 25a45; pigeons, pair, 5820. Eggs—Receipts, 1,688 cases; current Feceipts, 13%. Butter—Good to fancy, creamery, pound, 22a24lz; ladles, 17a18: store packed, 14al5. Mary Porteous has died in Dundee, 1 8 15% 10% 3% 11% 70 1% 18% 2% 1% 31 3% 2% 954 28% 16% 3214 an 8 44% 4 238 10% 0% 0% % Adv Rumley. . % Affiliated Prod 1.20. Afrway Elec Appl. .., Alaska Juneau(60c). Albany Wrap Paper.. Alleghany Corp. Alleg Corp pf $30ww. Alleg Cp pf $40 ww.. Alleg Cp pf $30 xw... Allied Chem & D (6). Allis-Chalmers Mfg. Amal Leather. ...... Amerada Corp (2)... Am Ag Chem (Del).. Am Bank Note....... Am Bank Note pf (3) Am Beet Sugar. Am Beet Sugar pf. Am Brake Sh&F 60 Am Can (4). Am Can pt (7). 4 Am Car & Foundry. . Am Car&Foundry pf. Am Chain. . 35 Am Chain pf. 34 Am Chicle (13) 2 Am Colortype. . Am Come'l Alcohol. Am European Secur.., Am & Foreign Pwr. . Am&Forgn Pw pf(6) 4« Am & For Pw pf (7). Am & For Pw 2d pf.. Am Hide & Leather. . Am Hide & Leath pf.. Am Home Prod (3) AmIceCo..... Am Ice pf (6)... ¢ Am Internationa Am La France&Fom Am Locomotive, Am Locomotive pf. Am Mach&Fdy (80c). Am Metal Co. . 515 Am Metal pf. . Am Power & Light. . 9 AmP&L$5pf (1%). 9% Am P&L $6 pf (1%). 4% Am Radiator. ... 5% Am Rolling Mills. ... 204 Am Safety Razor (3) AmSm&Ref........ Am Sm & Ref 6% pf. Am Sm & Ref 1% pf.. Am Snuff (+3%)..... Am Snuft pt (6) ... Am Steel Foundry... Am Steel Fy pf (2) Am Stores (123%). Am Sugar (2). Am Sugar pf (7) Am Sumatra Tob. Am Tel & Tel (9) Am Tobacco (5)..... Am Tobacco (B) (5). Am Type Founders. . Am Type Fdrs pf.... Am Water Works(1) Am Wat Wks ctfs(1) Am Wat W 1st p£(6). Am Woolen. . . Am Woolen pf. Am Writ Paper ctfs. Am Writ Paper pf... Am Zinc & Lead..... Anaconda Copper, 4 Anaconda Wire & C. Anchor Cap (§0c). 4 Armour of Tll (A)... Armour of Il (B). Armour of Tl pf. Arnold Constable. Art Metal Construct. Associated Apparel. . Asso Dry Goods. ... Asso Dry G 1st pf. Asso Dry G 2d pf.... 4 Atchison = Atchison : 5 Atlantic Coast L Atlantic Refining(1). Atlas Powder. ...... Auburn Auto (2). .. 51 Aviation Corp (Del). 315 Baldwin Locomot. 9% Baldwin Locomot pf. 814 Baltimore & Ohlo. ... 91 Baltimore & Ohio pf. 68 Bamberger pf (613)., 3 Barnsdall Corp. 3% Bayuk Cigars. .. 7 Beatrice Creamery. . 45 Beech-Nut Pkg (3). 315 Belding-Hemingwa; 6a Bendix Aviation 9 Best&Co..... 1014 Bethlehem Stee! 25% Bethlehem Steel p: 64 Bigelow-Sanford. ... 1208 Blaw Knox........., Bohn Alumn & Brass Borden Co (1.60) Bklyn Manbat Tran.. Bklyn Man Tr pf (6). Bruns Term & Rwys. Bucyrus-Erfe. ...... Bucyrus-Erfe cv pf.. Bucyrus-Erie of (2). Budd (EG) Mfg.. Budd (E G) Mfg pf. Budd Wheel. Bullard Co. 13 Burns Bros A. 6% Burr Add Mach (40c). 1 Bush Terminal...... % Butte Copper & Zinc. 1 Butte & Superior.... 815 Byers (AM).. z 7% California Packing.. % Callahan Zinc & Ld.. 2 Calumet & Hecla..... 2 Campbell-Wyant Fy. 714 Canada Dry G A (1) 441 Canada South (3) 715 Canadian Pacific 14 Cannon Mills (1). 30% Case (J 1) Co... 41 Case (JD) pf (4).... 51 Caterpillar Tractor. 4% Celanese Corp. % Celotex vtc. . 14 Cent Aguirre (1%).. 2 Century Rib Mills. .. 5% Cerro de Pasco...... 1 Certain-teed Prod... 4 Certain-teed pf. 713 Checker Cab Mfg. 24% “hes & Ohlo (2%) 147% Chesapeake Corp (2). 15 Chi & Eastern Il.. ... % Chi & Eastern 111 pf 1% Chi Great Western. ., 2% Chi Great Westn pf 1 Chi Mil St P & Pac. 11 Chi Mjl StP & Pac pf. Chi & Northwestern., Chi & Northwest pf.. Chi Pneumatic Tool Chi Pneu Tool pf. Chi Rock I & Pac. Chi R I & Pac 6% pf.. ChiR I & Pac 7% pf. 4 Chi Yellow Cab (1).. Chickasha Cot O(1). Childs Company Chile Copper. Chrysler Corp'n..... City Ice & Fuel (2).. City Ice&Fuel pf 6%3. City Stores. .. = City Stores ctfs. 4 Cora-Cola Co (7). Colgate-Palm-Peet. . Colg-Palm-P pf (6) Collins & Afkman. Colo Fuel & Iron.... 4 Colo & South 1st pf. . 9 Columb G&EI(b80c). Columb Gas pt A(6). Colum G&E pf B(5).. % Columbia Pict vic Columb Carbon (2) Commercial Credit. .. Comc'l Credit (A) Comcl Cred 1st(6 Comel Inv Trust (2). Comcl Inv cv pf(e6). Camecl Solv (60c). Comwlth & Southn. . Comwlth & Sou pf(6) Congol-Nairn, (60¢).. Consol Cigar........ Consol Cgr pr pf 6% . “onscl Film pf...... Consol Gas NY (3.40). Consol Laundries. .. Consol Oil Corp..... Consol Oil pf (8). Cons RR of Cuba pf. Consol Textile. .. 1% Container Corp (A) 1% Zontainer Corp (B) 3 Contl Baking (A) 1 Contl Baking (B) 36 Contl Baking pf (4) 85% Contl Can (2). 31 Contl Diamond 10% Contl Insur (1.20)... 1 Contl Motors....... 4% Contl Ofl (Del). 45% Corn Products (3)., Li+Tl4t ILT S 1 ++ |17 1 oo | Bk Tig 14% Crown Cork & Seal..: 24% Crown C&S pt (2.70). 9 Crucible Steel. . 16 Crucible Stecl pf. 1% Cuban-Am Sugar. 10 Zuban-Am Sugar pf.. 20% Cudahy Packing 2%. 614 Curtls Publishing. 80 Curtis Publishing pt. 1% Curtiss-Wright..... 2 Curtiss-Wright (A)., 4% Cutler Hammer. 1% Davega Stores (h3).. 6% 37% Del Lack & Westn. .. Denver & RG W pf.. Detroit Edison (4)... 4 Diamond Match (1).. Dome Mines (11.30).. Dominion Stores 1.20 Doug Afrcraft (75¢) . Dresser(SR)Mfg(B). Drug Inc (3)..cu.uee Dupont de Nem (2).. 14 Eastern Roll Mills. ., 46 Eastman Kodak (3).. 8% Eaton Mfg Co... . % Eitington-Schild 4 Eitington-Schild 1st. 10 Elec Auto-Lits 1 Electric Boat. . 1 Elec & Musical 3% ElecPwr&Lt....... 6% Elec Pwr&Lt $6 pf... T's Elec Pwr&Lt $7 pt... 21 Elec Storage Bat (2). % Elk Horn Coal. . 5 KElk Horn Coal pf. . 26 Endicott-Johnson(3) 4 - Engineers Pub Sve. . 15 EngPSpfww (5%)., 615 IZqaitable Of Bld(1) 3% ErieRR. 4'; Erie R R 1st p 2'3 Erie R R 2d pf. 2'3 Fairbanks-Morse. & Fashion Park Asso %, Federal Screw Wks. . 1% Fed Water Service A 10% Fidelity-Phoen 1.20., 81 Filene'sSonspf6l%.. 9'% Firestone T&R(40c). 42 Firestone T&R pf(6) 43 First Nat Strs (234). 6'4 Food Machinery, 4'3 Foster-Wheeler..... 2 Foundation Co. . 138% Fourth Nat Inv 1.10., % Fox Film (A) 12 Frankin Simon p! . 16% Freeport-Texas (2).. 97 Freeport-Tex pf (6).. 2d pf. 619 Gamewell Co.. 2% Gen Am Investol . 13% Gen Am Transp't(1).. 4% Gen Asphalt. .. Gen Baking (2) 21 Gen Bronze 4 Gen Cable. . Gen €able (A). Gen Cable pf.... Gen Cigar (4) 4 Gen Electric Gen Elec spec (60c). ien Foods (1.60). . Gen Gas & Elec (A).. Gen Mills (3).. Can Mills pf (6). Gen Motors (1)..... 4 Gen Motors pf (5)... Gen Outdoor Adv (A) Gen Public Service. . Cen Ry Signal (1)... Gen Ry Signal pt (6) Gen Realty & Util... Gen Kealty & Util pf. Gillette Saf Raz (1).. Gillette Saf R pf (5). Gimbel Bro; Glidden Co..... Glidden Co pr pt (7) Gobel (Adolf).... Gold Dust (1.20) Goodrich (BF). Goodrich (B F) p! 9'4 Goodyear Tire&Rub. 27% Goody'r T&R 1st (2). 7% Gotham Silk Hoslery. 1 Graham-Paige 37 Granby Consol. 3% Grand Union 15% Grant (W T) (1) 4% Great Northern pf. 5% Great Northern Or 7 Great West Sugar... 7214 Great Wn Sug pf(7). % Grigsby Grunow. S . 32% 16% Gnlf States Stl 1st pf e e s 3% 20% 2% 3614 29% 1% Hahn Dept Stores.. . 9 Hahn Dept Stores pf. 25 Hamilton Watch Harbison & Walker., Hartman Corp (A) 4 Hartman Corp (B).. Hayes Body. .. . Hercules Motor. ... . 15 Hercules Powder 134 35'% Hershey Choc (3).... 64% Hershey Choc pf(15) 3'2 Holland Furnace.... 414 Houdaille-Hersh(A). 1 Houdaille-Hersh(B). 8% Houston Ofl.... 1% Houston Oil (new).. 515 Howe Sound (40¢)... 11% Hudson Manhattan. . 3 Hudson Motor Car... 1% Hupp Motors........ 814 Illinois Central..... 24 Industrial Rayon (2) 19% Ingersoll-Rand(1%). 12 Inland Steel......... 2 Inspiration Copper.. 4% Interboro Rap Trans. 5 Intercontl Rubber... 2 Interlake Iron. % Int Agriculture. Int Agriculture pf Int Bus Mach (6)... Int Carriers Ltd 20c. Int Cement.... Int Combustion. Int Combustion pf... Int Harvester (60c) Int Hydro-Elec (A).. Int Merchant Marine Int Nickel of Can.... Int Paper & Pwr (A). 4 Int Paper & Pwr (B). Int Paper & Pwr (C). 2 Int Paper & Pwr pf.. 1% Int RysCent Am.... 4% Int Rys Cent Am pf. 13% Int Salt (1%). 24% Int Shoe (2). 9% Int Silver. . 24% 54 115 Interstate Dept 8 12 Intersta Dept Stor 1% Intertype Corp. . 1_TowaCentral RR... 23 Jewel Tea Co (3). 12Y% Johns-Manvill 66 35 Jones & Laugh pf(1) 13% 19% 7 30 34% 4 614 Kansas City Southn.. 12 Kan City Sou pf (2).. 2% Kaufmann Dept St.. 6% Kayser (J) & Co. % Kelly Spring Tire. 6 Kelly-Sp Tire 6% 2 Kelsey-Hayes (A) 314 Kelvinator Corp. . 80 Kendall Co pf (6). 7% Kennecott Copper. 5% Kimberly-Clark. 1 Kresge Dept Stores. 51 Kresge (S8)........ 141 Kroger Grocery (1). 221 Lambert Co (4). 5% Léh Port Cement. . c. 34 LenPortCmtpf3%. 1 Lehigh Valley Coal.., 2% Lehigh Val Coal pf.. 8% Lehigh Valley R R.. 37% Lehman Corp (2.40) 14 Lehn & Fink (2) 4% Libbey Owens GI . 49 Liggett & Myers(t5) 49% Ligg & Myers B (15). 13 Lily Tulip Cup (1%). 10 Lima Locomotive 6% Link Belt (40c). 10% Liquid Carbonie. 815 Leew's Inc (1)...... 85 Loews Incpf (63%).. 1% Loft Inc. 19% Loose- Wil 19% 0% Lorillard (P) (uo): 1% 19% 42 9% 15% 23% 3 6 % Louisiana Ofl. B 13% Lou Gas&El1A (1%). 21% Louisville & Nash... 4 __Ludlum Steel. .. - 9% McAndrew Forbes(1) 13 McCall Corpn (2). 2 McCrory Stores A 1% McCrory Stores B.,. 21, 2% McCrory Storespf.., 1. LEVLEL4%Y FEEFIFEES 10 | - LiI+++ L+ +4+ s5e Exgs &2 @ sEasess Frele sees '3 = | o £ e ¥ 5 % o ri4 4 41 24 o 5 {0 TR e L EEPEEFEFERT FEFEFIE F L 25 Fryas FE 18 Mclntyre P M(11%). 44% McKeesport T P (4). 1% McKesson & Robbins 3% McKesson & Rob pf. % McLellan Stores, 13% Mack Trucks (1).... 24% Macy (RH) & Co (2). 5% Magma Copper. ) % Mallison & Co. 3 Mallison & Co pf. 1% Mandel Bros. .. 6 Manhat Elev mod gtd 5% Manhattan Shirt. 1% Maracaibo Oll Exp. .. 5% Marine Midld (80c) 6 Marlin-Rock (1). % Marmon Motor Ca 4% Marshall Field & Co.. % aartin Parry...... 14 Mathieson Alk (1%). 9% May Dept Stores (1). 8% Melville Shoe (1.20).. 2 Mengel Co....... 22 Mengel Copf... 7 Mesta Machine (60c). 13% Met-Gold Pic pf1.89. 1% Miami Copper. .. 3% Mid Continent Petm.. 3 Midland Steel Prod. . 26 Mid Stl Prd 1st pf(4). 13 Minne-H'well Reg. % Minn Moline Pow % Minne & St Louis 4 Minne StP&SSM 1. 5% Mo Kan & Texas. 11%2 Mo Kan & Texas pf. 1% Missourl Pacific. 1% Missourt Pacific pf. 7 Mohawk Carpet..... 25 Monsanto Chem 1% .. 8% Montgomery Ward. . 25 Morrell (J) & Co (2). 14 Mother Lode. 7% Motor Products 13 Motor Wheel, Mullins Mfg. 1% Marray Corp. Nat Bella Hess pf. Nat Biscuit (2.80). t Dairy Prod 1.20.. Jat Dept Stores. ... Nat Lead pf B (6). Nat Pwr & Lt (1).... Nat Steel (50¢) Nat Supply Co. Nat Supply pf. Nat Surety. Nat Tea (60¢) Nevada Con Copper. . Newport Industri N Y Chicago & St NCChi & StLpft. N Y & Harlem (5). N Y Investors. N Y N H & Hartford N Y N H& Hart pf. % N Y Ont & Western N Y Shipb'ldg (10c. N Y Steam 1st pf(7). oranda Min (al.10). Norfolk & West (8).. North Am Aviation. . North Am (b8 %stk) . North Am Ed pf (6).. Northern Pacific..... Norwalk Tire & Rub. 9% 4% OhioOfl.... 31 1l Oliver Farm E 8% 213 Oppenheim Collins. . 16% 10's Otis Elevator(60c)... 4% 13 Otis Steel. ... 10% 214 Otis Steel pr pt. 58% 31l Owens 111 Gla 31% 20 Pacific Gas& El (2).. 43% 25% Pacific Lighting (3).. 167 6 Pacific Mills.... 81% 65 Pacific Tel & Tel (6). 110 1013 Pacific T & T pf (6).. Packard Motor Car.. Panhandle Pro&Ref., ta Par-Publixcts......, Park & Tilford. % Park Udah... 2 Parmelee Transport.. Pathe Exchange. ..., Pathe Exchange (A). Patino Mine Penick & Fo Penney (J C) (1.2 Penn Dixie Cem, Penn Dixte Cmtpf... 1 Penna RR (50¢)..... 263 Peoples Gas Chi (5), 4 Pere Marquette pf... 1708 Pere Marquette pr pf 320s Pet Milk <0l Petrol Corpof Am... 10 Phelps Dodge. .. 68 Phila Co 6% pf (3) B Phila & Read C&I.., 11 Philip Morris&Co(1) Phillips Petroleum Pierce Petroleum Pitts Coal pf.... Pitts Term Coal pf 4 Pitts United Corp... Pitts United pf. . Pittston Co 6% Plymouth Oil 1% Poor & Co (B) - Port Ric Am Tob(B). Postal Tel&Cable pf.. 21 Pressed Steel Car.... 11 Pressed Steel Car pf. 1 Proctor & Gam(1%). _ 15 Proc & Gamb pf (5).. 380s Producers & Refin. .. 13 Pub Sve NJ (2.80)... Public Sve NJ pf (5). Public Sve NJ pf (6). Public Sve NJ pt (7). Public Sve NJ pf (8). Pullman Corp (3). Pure Oil pf (2). . 5% Purity Bakeries (1) Radio Corp...... Radio Corp pf (B)... Radio-Keith-Orph. ... 5 Raybestos-Man (60c) 51 Reai Silk Hosfery. 21 Remington-Rand.... 7% Rem Rand 1st pf. 8 Rem Rand 2d pf. 1% Reo Motor Car.... 4 Republic Steel. 9 Republic Steel pf. 1% Revere Copper. ... 7 Revere Cop & Brpt.. 6 Reynolds Metals(1). 1% Reynolds Spring.. 62% 60 Reynolds Tob (3) 40 261% Reynolds Tob B ( 5% 2 Rossia Ins of Amer.. 25% 17% Royal Dutch........ 49% 28 Safeway Stores (3).. 8815 72 Safeway Strspf (6).. 96 80% Safeway Strs pf (7). 18% 6% St Joseph Lead...... % St L-San Francisco.. 1 StL-SanFranpf.... 2% Savage Arms . % Schulte Retail Store: 31 Schulte Ret Stor pf. 28 Scott Paper (1.40) % Seaboard Atr Line. % Seaboard Air Lin: 15 Seaboard Oll (t50¢) 12% Sears Roebuck. 1% Servel Ine. . 114 Sharon Steel Hoop. 214 Sharp & Dohme. . ... 5% Shattuck(FG) (24¢). 4 Shell Union OIl... 24% + % 2% Té% —2% 2 4 -% 5 o — %[ 24 5 26% —1 52 12% 1% 9% 5% 1% 11% 1% T% 13% % 11% 1 | - & i+t 4+ FEEELREE L | * 6 Socony Vacuum.. 15% So Port Rie Sug 1.60. 17% South Cal Edison(2 11% Southern Pacific 4% Southern Railw; 5% Southern Rallway pi % Sparks-Withington.. 714 Spencer Kellogg(60c) 2% Sperry Corp. 5 Spicer Mfg. 1 Spiegel-May-Stern. . 13% Standard Brands (1). 5% Stand Gas & Elec. 8% Stand Gas&El pf (4 20 Stand Gas&El pf (7). 14 Stand Invest Corp. .. 194 Stand Ofl of Cal (1) 22% Stand OIl N J (1).... 4 Starrett (LS) .. % Sterling Secur (A). 11 Sterling Secur pf. 20 Sterling Secur cv pf. 214 Stewart Warner. 5% Stone & Webster, 1% Studevaker Corp, 9 Studebaker Corp p! % Superior Ofl 2 Superior Steel % Symington (A 1+ L s FFEESPFER © SEEFFEF FEEERS |4 Y R TR Gt U FEFES 13 Tennessee Corp, 10% Texas Corp (1). 15% Tex Gult Sulphur(1) 15 Texas& Pacific. ... .. 1% Tex Pacific Coal&Ofl. 313 Tex Pacific Land Tr. 5 Thatcher Mfg Co.. 2% The Fair. .. 1 Thermold Co. 4% Third Avenve. . 6% Thompson (J R) (1). 5% Thompson Product 14 Thompson Starrett. . 314 Tida Water Asso Ofl. 2314 Tide Water Assoc pf. 45 Tide Wat Oil Df (5).. 1% Timken-Detroit Axle 13% Timken Roller Bg(1) 2% Transamerica Corp. . 2% Tronsue & Williams 2% Tri-Contl Corp. 20'% Trico Products(2 15 Truax Traer Coal. FEFFE PFET Union Pacific (6). Union Pacific pf (4). Union Tank Car 1.20. 4 Unit Aircraft....... Unit Aircraft pf (3). United Biscuit (1.60) Unit Carbon. . Unit Corp (40c) Unit Corp pf (3). Unit Electric Coal Unit Fruit (2 Unit Gas&Im ). Unit Piece Dye Wks. U S & Forn Secur. U S Freight. . U S Ind Alcohol U S Leather. . US Leather (A) U S Leather pr p: Rubber 1st pf... Smtg & Ref (1).. Smtg&Ret pt 3% S Steel. U S Steel pf (3) U S Tobacco (4.40). United Stores (A) Univ Leat Tob (2). Univ Pictures 1st pf. Univ Pipe & Rad. ... Univ Pipe & Rad p! 4 Util Pwr & Lt (A) 14 % Va-Car Chemical. 7% 3% Va-Car Chem 6% pf. 503 35% Va-CarChem 7% pf. 2% 1'% WabashRR . 1% Wabash pf (A).. 5% Waldorf System (1). Walworth Co. . Ward Baking (A) Ward Baking (B) ‘Warn Bros Plcture % Warner Quinlan. Warren Bros. Warren Broscv pf. Warren Found & P.. Wesson O & Sn (50¢) Wesson O&Sn pf (4). West Pa Elec A (7).. FFEFE F¥ Western Dairy pf A.. Western Dairy pf B Western Maryland. ‘Western Pacific Western Union. Westing’se Air ‘Westvaco Ch] (40c) Wheeling Steel. . White Rock M S (2).. White Sewing Mach. Wilcox Oil & Gas. Wilson & Co. . Wi'son & Co (A). Wilson & Co pf. ‘Woolworth (2.4 Worthington Pum! 14 Worth'n Pump pf B 34% Wrigley (Wm) (3). 5% 24 Yeliow Truck.. 27 18 Yellow Truck pf. 8% 3% Young Spr & Wire. 22% 7% Youngstown Sh&Tr. 1 3 Zenith Radio... 6% 3% Zonite Products. . Dividend rates as give payments based “Uait of t 4% in stock. stock. 11 2 20s 4 West Pa Elec pf (6). 200s West Pa Elec pf (7). 100s ul e Payable 1n cash or stock. d Plus 8% in special preferred stock. g Payable in scrip. b Baid this year. Add 00. High. Low. tmuz . Chge. i &L + % -1 % t+i+000010 e Presszes +1 1+l ++1 1+ |1+ 414+ % E<Market Assorbs Heavy Profit- | Taking—Turnover of Large Proportions. BY GEORGE T. HUGHES. Special Dispatch 4o The Star. NEW YORR, May 6.—Cons the fact that the stock market been rising with little interruption for over a week, and had made an average advance of more than 10 points in that time, it exhibited remarkable vitality today, when there was again,a volume of both profit-taking and liqui= dating sales. The selling was quite readily ab- sorbed in a session once more charac- terized by large transactions, a volume that taxed the capacity of the tickers, but with less feverishness and smaller fluctuations than of late. Many of the prominent shares did not move far from the prices of the previous closing. There were moderate declines represented in an average loss % | of less than !, point in the industrials %iin the first hour and other declines that tapered down to a nominal amount in_the public utilities. 2| Such individual leaders as General 2 | Electric, General Motors, American % | Telephone, United States Steel, New | York Central, Atchison and American %|Can did not fluctuate in the first half of the session as much as a point. |From the first reaction some of them * (managed to recover slightly. The ma- i jority entered the last half hour of 1# | business at prices within a fraction of * | Friday's final quotations he strongest group in the late trad- ing was the rails, which had been quiet but steady earlier. Their popularity was increased after the weekly state- ment of car loadings was issued, show- ing a gain of 42706 over the previous week, or considerably more than the general estimate. All of the active rails were bid up and approached the high prices of the week on a substantial volume of transactions, The commodity markets were some- what unsettled, with wheat starting higher and corn and oats at the best of the year and then reacting. Cotton also opened strong and then declined. The Moody Commodity Index average advanced to 110, compared with 88 about a month and a half ago. g The street anticipates a lead for next week's market operations out of the speech that President Roosevelt is to make over the radio Sunday night. It is also possible that before the open- ing on Monday there may be develop- ments in the monetary situation abroad that will have a pronounced bearing on conditions here. For instance, there was a rumor in London this morning that France might soon suspend gol payments. ‘This was not reflected in French dollar loans. Francs advanced 2gain, with the franc worth 471 cents and sterling reached the highest point on the movement when it was quot at $4.05 early in the day. Exchanges on Italy, Belgium, Switzerland, Holland and Germany were all higher and the | Swedish countries showed a sharp ad= vance in their currencies against the dollar: % y . 'HOARDING DECLINES SHARPLY FOR WEEK Money in Circulation Shows Drop of $40,000,000 in Period Ended May 3. By the Assoclated Press. Further indications of decreased hoarding and fresh confidence in banks was seen in the weekly Federal Reserve * | statement’s report that money in circu- lation declined 5401.\200,0:;)0 in the seven- day period ended May 3. » Thpe drop brought circulation to $5.954,000,000, a decrease of $1,584.000,- 000 since March 8, but still $50,000,000 over that of the same day a year 2g0. Federal Reserve currency in actual cir- culation also decreased, amounting to $3,395,369,000 as compared with $3,424,- 114,000 a week before. Since March the decrease in this kind of currency has amounted to $909,637,000. As the Federal Reserve currency in circulation decreased the gold back of it increased, and the gold ratio back of Federal Reserve currency in actual circulation on May 3 was 80 per cent. On March 8 gold held exclusively against Federal Reserve notes amount- ed to $2,069.000,000, but last Wednes- day it had increased to $2,727,000.000. Washington Produce WHOLESALE PRICES. Butter—One-pound prints (93 score), | 26; tub, 25; one-pound prints (92 + | score), 25; tub, 24; one-pound prints | (91 score), 24; tub, 23; one-pound prints (90 score), 23; tub, 22. Eggs—Hennery, 13a13'3; current re- ceipts, 12al121:; Government graded, { extras, 19; standards, 17; mediums, 16, | Poultry, alive—Turkeys, hens, 15; toms, 10; chickens, Plymouth Rock | breilers, 15a22; Leghorn broilers, 17a18; Plymouth Rock fryers, 22a24; Plymout Rock roasting chickens, 23a25; colo: hens, 12a13; Leghorn hens, 9all} rocsters, 7. Poultry, dressed—Turkeys, hens, 18; toms, 13; chickens, Plymouth broilers, [ 20a21; Plymouth Rock fryers, 25a27; % | Plymouth Rock roasting chickens, 26a 28; colored hens, 15a18; Leghorn hens, 12al4; roosters, 10; Long Island ducks, 14; Virginia ducks, 15. Meats—Beef, 11; veal, 10; lamb, 13; Spring lamb, 16; pork loins, 10! hams, 111:: smoked hams, 13; strip bacon, 13: . 7!2; compound. 7. Live stock—Hogs, light, 3:50a3.80; medium, 3.50a3.95; heavy, 3.25a3.90; Payable in IPlus S1 | pigs, 2.2523.50; roughs, 1.50a3.00; calves, % COMMODITY PRICES ADVANCED FURTHER Wholesale Index Higher for Fourth Consecutive Week—Metals and Textiles Lead Rise. By the Associated Press. ‘Wholesale commedity prices advanced for the fourth consecutive week during the period ended April 29, gaining a level .'Dldl per cent of t.heleG-!l’ alva'l'- , and attaining a mark only 3.3 per gfi under the level of last year as the change was calculated by the price in. of the National Pertilizer Associs groups that gained m&!eeds-nduvemh. e lous ndnneedmdgne,nul‘lhowednm. silver, gasoline, hides, coffee, phate of ammonia, and_ nitrate of Among the declines were listed but- nerd‘goum apples, fancy flour. light- wu it hogs, kerosene and newspaper rol NEW BOND OFFERINGS. NEW YORK, May 6 (#).—New bond offerings marketed at New York this week totaled $2,790,000 against $1,550,- 000 a week ago and $14,477,000 in the same. week of 1932. Hardware Demand Greater. NEW YO Miy 6 .—Hardware dealers mRK- mrt.her“:’mdemng of demand affecting practically all types. NEW YORK BANK STOCKS: * NEW YORK, May 6 (#).—Over-the- counter market: (Quotations as of 10 o'clock.) NEW YORK EGG MARKET NEW YORK, May 6 (Special). —Quo- tations for eggs in the wholesale cash market today were: Mixed colors: Special packs, 16%2 18;. standards, 16%al6!:; _storage packed firsts, 15a15%; firsts, 15a15%; seeond:. 132814 edin specials, * 1712a19, standards, 16%2a17; under grades, 15a 16. Browns: Nearby and Western spe- ll:lsl;‘ packs, 17a19%; standards 16l:a TUtilities File Protest. BALTIMORE, May 6 (Special).—A bill of complaint has been filed in the Circuit Court by the Potomac Edison Co., the Union Bridge Electric Manu- facturing Co., the Piedmont Electric Cafeteria breakfasts for commuters is a convenlent service recently added into New 3.0024.50; Spring lambs, 4.00a7.00. Fruitc—Cantaloupes, 7.7528.00; water- 75 _peaches, 1.50a2.00 alligator pears, . .00; 1.50a2.50: cranges, 2.50a3.5 4.0025.00; grapefruit, 2.00a3.0( 1.75a2.00; strawberries, 2.5024.0( apples, 4.00; rhubarb, per bunches, 25a50; _cranberries, 3.25; honeydews, 1.25a1.75; limes, per 100, 2.00; cherries, 8-pcund boxes, 7.50. Vegetables—Potatoes, new, 3.75a4.00; old, 100-pound sacks, 1.10a1.25; sweets, 50a60; cabbage, 75al.15; string beans, 1.50a2.00; limas, 3.50a4.00; peas, 2.50a 3.00; asparagus, 50a3.50; cucumbers, 3.00 23.50; eggplant, 1.50a2.00; peppers, 1.50; squash, 1.25a1.50; lettuce, Iceberg, 2.75; mushrooms, 60265; celery, 2.50; to- matoes, repacks, 3-pan, 1.50a2.00; lugs, 1.00a3.00; kale, 35a40; spinach, 50a75; okra, pan, 75; onions, 50-pound new, 1.25; old, 60; corn, 2.75a3.00; cau- liflower 1.75a2.00; carrots, per 100 per 100 bunches, 3.50a4.00. U. S. TREASURY BALANCE. By the Associated Press. Treasury receipts for May 4 were §9,= 671,438.71; expenditures, $49,999, balance, $551,239,882.64. Customs du- ?11;3“ four days of May were $3,162,~ i Unfavorable Dividend Changes. NEW YORK., May 6 (A —Unfavor- able dividend changes in the past week totaled 32 compared with 45 in the pre- vious week, the Standard Statistics’ reports. Th