Evening Star Newspaper, May 9, 1933, Page 14

A—14 ek D.C. UNDERWRITERS| 10 ATTEND PARLEY Experts on_Insurance Will Talk at Meeting in Bal- timore. BY EDWARD C. STONE. Many local underwriters\are planning to attend a special sales conference at the Auditorium Theater in Baltimore | Friday, when several prominent men in the insurance business will be the | leading speakers. Hugh D. Hart will discuss “Have the Life Insurance Companies Kept Faith?” ‘W. W. Klingman, vice president Equit- able Life, will speak on “Has' Life I surance Sales Opportunities in 19332 “How Can Life Insurance Salesmen Lead the Way?" is to be handled by Fred L. Wells, general agent of the Aetna; James A. Preston, general agent State Mutual Life of Massachusetts, and Dr. Charles A. Rubenstein, agent, Northwestern Mutual. The dean of the American College of Life Underwriters, Dr. S. S. Hebner, is to speak on “Is Life Insurance Still the Solution of Personal Economics' while Dr. Claude Benner has the sul Jject, “What Is the Qutlook for Recov- ery in America?” “How Do We Start | to Get Going Again?” is the topic as- signed to George K. Kutcher of New York. This conference follows the annual election here Thursday at the Washing- ton Hotel of officers of the District Life ‘Underwriters’ Association, a busy week in insurance circles. The retiring officers of the District of Columbia Life Underwriters’ Asso- ciation include John B. Lynch. presi- dent; John L. McElfresh and Horace Winter, vice presidents; George T. Black, secretary; George B. Farqubar, treasurer; Philip L. Baldwin, Program | Committee; Howard J. Jackscn, edtor of Bulletin, and J. W. McCombs, chair- | man Membership Committee George B. Farquhar has been treas- urer of the organization for many years and has made an amazing record in bringing the organization through eacn year with a generous balance at the close. His associates consider him a financlal expert of the highest type. District National's Latest Report. ‘The latest condition report of the Dis- trict National Bank is of particular in- terest right now while the officials are pressing a campaign for the organiza- tion of an entirely new bank Based upon the report of the exam- iner of the Reconstruction Finance Cor- poration, as of March 23, 1933, the Dis- trict Naticnal Bank had prime assets consisting of cash, and of bonds, securi- ties, discounts, etc., readily convertible into cash, aggregating $4.748,141.39. It had other assets on the security of which it could borrow at least $1,000.- 000. It is proposed that the new bank buy the prime assets. Its set-up would then be: Assets. Cash and due from banks.$1,481.049.35 U. S. Redemption Fund 45.000.00 U. S. Government securities 1,963,267.00 Federal Land Bank and Municipal Bonds " Corporate securities Stock in Federal Reserve Bank . . Loans and Discounts. 486,580.00 117,895.00 45.000.00 1,609,350.04 Total resources . ..$5,748.141.39 Liabilities. Secured Deposits .. ..$1,353,697.67 Unsecured deposits (55 per cent) ....... 2,475,538.51 Circulation - 900,000.00 Other liabilities 7.440.57 Capital stock—preferred.. 500,00C.0C Capital stock—common . 400,000.00 100,000.0¢ purplus ...... Reserves cee 11,464.64 ‘Total liabilities ........$5,748,141.39 ‘The examiner classified the assets of the District National Bank under head- ings “Acceptable,” “Slow,” “Doubtful” and “Loss,” not to determine their ac- tual market value, but merely to ascer- tain upon what basis it would lend money. Those classified as “Acceptable” were held to be 100 per cent good. ‘Those clasified as “Slow” were held to be good, but not immediately collectible. The assets listed under the last three headings aggregate $4,349.981.53, and include the real estate and real estate securities held by the bank. They do not, with some exceptions, in the opin- ion of the bank's officers and directors, Tepresent losses, present or expectant, and are to be retained by the present bark to be liquidated, first, for the benefit of its depositors; then for its stockholders. Today’s D. C. Exchange Trading. ‘Washington Gas 6s, Series B, opened today’s business on the Washington Stock Exchange, $500 selling at 103. ‘Washington Railway & Electric 4s ap- gearcd on the board, $2.000 changing ands at 84!4. Later, Gas 6s moved at 10375, In the stock division the market opened with Potomac Electric Power 51, per cent preferred selling at 1063, ap % from yesterday. The corporation’s 6 per cent preferred stock was also strong, a small lot selling today at 110, a new high for the present year. Both type stocks came out today, Lanston Monotype figuring in two 10- share sales at 44':, up ': a point from the last sale, while Mergenthaler Lino- type recorded a 22-share turnover at 25, same as the price on the 40 shares sold yesterday. Heard in Financial District. J. S. Bache & Co., with offices in the ‘Washington Ho issued the following bulletin in their head office in New York City and branch offices located throughout the country: “As evidence of our assurance in the President's pro- gram and outlook and in recognition of the loyalty oI our staffs, we are institut- ing a salary increase of 10 per cent, to take effect immediately, to all who have been in our organization prior to Janu- ary 1, 1933." Increase in salaries and wages of 10 to 20 per cent has been effected by the. Columbian Peanut Co.. operating 26 peanut mills in five States, accord- ing to a Norfolk dispatch. The in- crease affects more than 2,000 men. The raise, effective as of May 1, T stores employes to pre-depression sal- ary and wage levels. The New York City bank stock mar- ket suddenly came to life last week, the aggregate market value of the 16 leading issues, as compiled by Hoit, Rose & Troster, ending the week at $1,- 423,608,000, compared with $1,357.081.. 000 at the close of the previous week. an increase of $66.527.000, or 4.9 per cent. This compares with the 1933 low of $1.065,746,000 established on April 5 and with the low point for the depres- sion recorded on May 31, 1932, of $929,- 895,000 WHITNEY RE-ELECTED. NEW YORK, May 9 () —Richard Whitney has_been re-elected president of the New York Stcck Exchange for a fourth term. Warren B. Nash, treas- urer of the exchange since 1919, was also re-elected. ERIEI Pl ot Commercial Failures. NEW YORK, May 9 (#)—Commer- cial failures in the United States num- bered 460 in the week ended May 4, an increase of eight over the previous week, but a sharp decrease from last year's total, 601, says Dun & Bradstreet, Inc. Insolvencies have risen about 10 per cent over a month ago. Record Auto Oufput. NEW YORK, May 9 (#)—The pre- liminary production report issued by the National Autoracbile Chamber of Commerce shows that the 1 April oufput of member eomnflu the B ool FINANCIAL. THE EVENING STAR, WASHINGTON, D. C., TUESDAY, MAY 9, 1933.° FINANCIAL. RANSACTIONS ON THE NEW YORK STOCK EXCHANGE ks ~Prev. High. 8 15% 10% 11% 70 1% 183 2% 1% 15% 954 121% 14% 4% 33% 8%, 26% 31 2% 19% 2% T 8% 41 18 _ oAl 20 TMIY £ 1933~ Stock and Low. Dividend Rate. 3 Adams Express 8 Adams Millis. 51 Addressograph. 7% Affiliated Prod 1.20. 4715 Air Reduction (3) 15 Alrway Elec Appl 11% Alaska Juneau¢60c). 1 Albany Wrap Paper. % Alleghany Corp..... Aileghany Steel. . Allied Chem & D (6). Allled Chem pf (7).. Allis Chalmers Mfg. Amerada Corp (2) 4 Am Ag Chem (Del). Am Bank Note. Am Beet Sugar. Am Beet Sugar p! Am Brake Sh&F 60c Ami Can (4)... Am Car & Foundry. . Am Car&Foundry pf. + Am Chain pf.. Am Ch.cle (13). Am Colortype. ‘Am Comc'l Alcohol. Am European Secur. Am & Foreign Pwr. . Am&Forgn Pw pf(6) Am & For Pw pf (7). Am & For Pw 2d pf.. Am Haw Stship (1) Am Hide & Leather. . Am Hide & Leath pf. Am Home Prod (3).. Am Ice Co. o Am Interna Am Locomotive. Am Locomotive pf. ‘Am Mach&Fdy (80c). Am Metal Co Am Metal pf Am News (1%). Am Power & Light. . Am PEL $5pf (1%).: Am P&L $6 pf (1%) Am Radiator. . m Radiator pf (7) Am Rolling Mills. .. ‘Am Safety Razor (3) Am Ship & Com..... Am Sm & Ref. Am Sm & Ref 7 Am Snufr (1314) % vf. Am Stores (12%) Am Sugar (2). Am Sugar pf (7) Ani Sumatra Tob. Am Tel & Tel (9). Am Tobaceo (5).. am Tobacco (B) (5). Am Tobacco pf (6).. Am Type Founders. ‘Am Type Fdrs pf. 4 Am Water Workl(l) Am Wat Wks ctfs(1) 4 Am Woolen. ...... Am Woolen pf. Am Writ Paper ctfs.. Am Writ Paper pf Am Zinc & Lead : Anchor Cap pf (612). Archer-Danfels (1).. Armour of Del pf(7). Armour of 111 (A) Armour of 111 (B) Armour of 111 pf Associated Apnarel Asso Dry Goods. . Asso Dry G 1st pf.... Atchison Atchison pf (5). : Atlantic Coast Line. . Atlantic Refining(1). Atlas Powder. Atlas Powder p 31'¢ Auburn Auto (2). ‘Aviation Corp (Del). Baldwin Locomot. < Baldwin Locomot pf. 420s Baltimore & Ohlo.... 106 Baltimore & Ohiopf. 6 Bang & Aroost (2) 1 Barnsdall Corp. 32 Bayuk Cigars. Bayuk Cig 1st pf(7). 100- Beatrice Creamery. Beech-Nut Pkg (3). Bendix Aviation 9 Best&Co.... 4 Bethlehem Steel Bethlehern Steel pf.. Bigelow-Sanford. ... 15 Blaw Knox Bohn Alumn & Brass Borden Co (1.60).... Borg Warner. Briggs Mfg C Bklyn Manhat Biklyn Man T pf (6). Bklyn Union Gas (5). : Brown Shoe (3)..... Bruns Term & Rwys. Bucyrus-Erie....... Bucyrus-Erfe cv pf.. 2 Bueyrus-Erie nf (2). Budd (EG) Mfg.. Budd (E G) Mfg pf. Budd Wheel Bullard Co Bush Term deb stk. . Butte Copper & Zinc.. Butte & Superior. ... 1% Butterick Co 813 Byers (A M) 7% California Packing. . 1, Callahan Zinc & Ld. Calumet & Hecla. . ... Campbell-Wyant Fy. Canada Dry G A (1). 12 Canadian Pacific. Cannon Mills (1). 4 Capital Admin (A). Case (J I) Co. 2 Celanese Corp. 2 Celotex pf. Cent Aguirre (1%).. 5 Century Rib M p£(7). 1208 Cerro de Pasco. 6 Certain-teed Pro % Ches & Ohio (2%) Chesapeake Corp (2). 4 Chi & Eastern Ill.... Chi Great Western. .y Chi Great Westn pf.. Chi Mil St P & Pac... 5 Chi Ml StP & Pac pf. Chi & Northwestern. Chi & Northwest pf. % Chi Pneumatie Tool 2 Chi Pneu Tool pf. Chi Rock I & Pac. 4 Chi R 1& Pac 6% pt.. 2 ChiR I & Pac 7% pf. Chi Yellow Cab (1).. Childs Company. Chrysler Corp's City Ice & Fuel ( City lce&Fuel pf G"i City Stores. 4 Cora-Cola Co Colgate-Palm-Peet. . Colz-Palm-P pt (6) 3 Collins & Alkman. 4 Colo Fuel & Iron. Columb G&EI(bS06) . Columbia Pict vt 1 Columb Carbon (2) 4 Commercial Credit. .. Comel Cred 15t(6%). Comel Inv Trust (2). Comel Solv (60¢).... Comwlth & Southn. . Comwlth & Sou pf(6) Congol-Nairn (60¢).. Consol Cgr pr pf 635+ Con Cgr pr pf xw6%4. “onscl Film pt Consol Gas NY (3.40). Consol Gas NY pf(5) Consol Textile. ... Container Corp Ay, Zontainer Corp (B).. Contl Baking (A).. Contl Baking (B).. Contl Baking of (4) 4 Contl Can (2).... Contl Diamond Fibre 10% Contl Insur (1.20)... 1 ‘Contl Motors. = 474 Contl Ol (Del; 45% Corn Products 117% Corn Prod pf (7). 2% Coty Inc....... 23 Cream of Wht t2%. 2% Crosley Radio. . 14% Crown Cork & Seal. 2415 Crown C&S pf (2.70). 1 Crown Zellerbach, 9 Crucible Steel 3% Cu%a Co.... 20% Cudahy Packing 2 6l Curtis Publishing. Aad mv High. Low. Close. Chge. 23 17 6% 6% Net. High. 2% 4% 12 LA L EN R 21% 3% 21 36 29% 15% 80 231 3 26% 8% 4% 10 4 12% 2 -% 3% -1% ™ - wl 6 1% 12% 16 + % .1 L 40% +1% .. ~Prev. 1933~ Recelved by Private Wire Direet to The Star Ofice. Today's Today's ~Prev.1933.~ _ Stockand _ Sales High. Low. Dividend Rate. ~ Add 00. 1% Market St Ry pr pf. . 3 % Marmon Motor Car. ., Marshall Field & Co. Mathieson Alk (13). May Dept Stores (1). Maytag Co.. Melville Shoe (1. 20) . Mengel C Mengel Co pf. % Miami Copper. . Mid Continent Petm. Mid Stl Prd 1st pf(4) Minne-H'well Reg. Minn Moline Pow. Minne & St Louis Mo Kan & Texas. .. Mo Kan & Texas pl. . Missouri Pacific. Missourd Pacific pf. Montgomery Ward. . Mother Lode. ... . Motor Meter G & El. . Motor Products. Motor Wheel 4 Mullins Mfg. Marray Corp Stock and Net. Low. Dividend Rate. 1% Curtiss-Wright... 2 Curtiss-Wright (A) 4% Cutler Hammer. .. 1% Davega Stores. ..... 6% Deere & Co pf (20¢).. 37% Delaware & Hudson.. 17% Del Lack & Westn. .. 2 Denver & RG W pf.. 48 Detroit Edison (4) 171 Diamond Match (1). 26% Diamond Mach pf 1% 12 Dome Mines (+1.30 10% Dominion Stores 1. 10% Doug Alrcraft (76e). 2% Dresser (SR)Mfg(B) 29 Drug Inc (3)... 32% Dupont de Nem (3 971 Dupont deN db pf(6) 1'4 Eastern Roll Mill 46 Fastman Kodak (3 3% Eaton Mfg Co, 10 Elec Auto-Li 78% Elec Auto Lite pt(7). 1 Electric Boat........ Elec & Musical Instr, Elec Pwr& Lt.... Elec Pwr&Lt $6 pf Elec Pwr&Lt $7 pf. Elec Storage Bat (2). Endicott-Johnson(3) Engineers Pub Sve. . 1% 12% 50 108 1 3% Nat Acme Co. Nat Biscuit (2.80)... Nat Cash Reg (A). Nat Dairy Prod 1.20. % Nat Dept Strs 1st pf. Nat Distillers. .. Nat Dist pr pf (2%4) .. 4 Nat Lead (5). . Nat Tead pt B () .» Nat Pwr & Lt (1).... Nat Steel (50)...... Nat Supply Co. Nat Supply pf. Nat Surety. Nat Tea (60 Nevada Con Coppe Newport Industrie: Newton Steel N Y Central . N Y Chicago & St L, , NCChi&StLpf.... 3 4% Erie R R 1st pt. 10 Exchange Buf 215 Fairbanks-Morse. ... % Fashion Park Asso. . 4% Federal Lt&Traclon. 3, Federal Mot Truck. .- 3, Federal Screw Wks. , 1% Fed Water Service A. 715 Fed'd Dep Stra(60c).. 10% Fidelity-Phoen 1.20.. 914 Firestone T&R(40c) . 42 Firestone T&R pf(6) 43 First NatStrs (234). Follansbee Bros Food Machinery Foster-Wheeler. ..., Fourth Nat Inv 1.10 h N Fox Film (A). . 3 N « Freeport-Texas (2). 9 3 - 3 N Freeport-Tex pf (6) N Fuller Co pr pf. . 9 65 Gamewell Co. .. 2% Gen Am Investors. 42 Gen Am Invpf ww 6. 13% Gen Am Transp't(1). 4% Gen Asphalt. 13 Gen Baking (2). 993 Gen Baking pt (8) 24 Gen Bronze 614 Gen Cable p 29 Gen Cigar (4 10% Gen Electric (40¢) 10% Gen Elec spec (60c) 21 Gen Foods (1.60). % Gen Gas & Elec (A).. Gen Gas & Elee (B).. 1008 Gen G&E 6% cvpt A. Gen Mills (3). Cn Mills pf (6) Gen Motors (1) . 4 Gen Motors pf (5) 213 Gen Outdoor Adv. Gen Printing Ink. Gen Prtz Iuk pf (6 Gen Public Service. ‘en Ry Signal (1) Gen Realty & Util... Gen Refractories. Gillette Saf Raz (1)., Gillette Saf R pf (5). Gimbel Bros. Glidden Co Gobel (Adolf). Gold Dust (1.20) Goodrich (BF). Goodrich (BF) pf... Goodyear Tire&Rub. Goody'r T&R 1st (2). Gotham Silk Hoslery Graham-Paige. Granby Consol Grand Unfon.. Grand Union pf (3).. Granite City Steel(1) 1 Grant (WT) (1).... 13 Great Northern pf... 117 Great Northern Ora. 13 Great West Sugar 4 Great Wn Sug pf(7). 1108 Grigsby Grunow. 1 Guantanamo Sugar. . Guantanamo Sug pf. Gulf Mobile & North. Gulf States Steel. . ... N Y Investors. Y N H & Hartford Y N H & Hart pf.. Y Ont & Western. , ¥ Shiub’ldg (10c). Y Shipbldg pf (7). Y Steam pf (6). N Y Steam 1st pf(7). Noranda Min (a1.10). Norfolk Southern. .. Norf & Westn pf (4). North Am Aviation. . North Am (b8 %stk). North Am Ed pf (6). Northern Pacific. . Norwalk T 4% Ohlo Ofl.. 1's Oliver Farm Equip 1% Omnibus Corp... 215 Oppenheim Collins 104 Otis Elevator(60c) 87 9315 Otis Elev pf (6). 208 13 Otls Steel .. 65 214 Otis Steel . 14908 59% 311 Owens 1Nl Glass (2 27 20 Pacific Gas & Bl (2).. 14 25% Pacific Lighting (3). Pacific Mills........ Packard Motor Car. . Panhandle Pro&Ref., Par-Publix cts Park & Tilford Park Utah...... Path Exchange. . Pathe Exchange (A). Patino Mines. . Penick & Ford (1 Penney (J C) (1.20).. Penn Dixje Cement. ., Penna RR (50¢)..... Peoples Gas Chi (5). Pere Marquetta pf. .. Pere Margquette pr pt Petrol Corp of Am... Phelps Dodge. ...... Phila & Read C&1.. Philip Morris&Co(1) Phillips-Jones Co. .. Phillips Petroleum. . Phoenix Hosiery Pierce Ofl Plerce Pet Pillsbury Flour (1).+ Pirelli Co A (h2.57).. Pitts Coal pf........ 3 Pitts Terminal Coal. Pitts United pf. Plymouth Ofl. . Postal Tel&Cable pt. Pressed Steel Car... Pressed Steel Car pf. Proctor & Gam(1%). 6% 3 1'x Hahn Dept Stores... 12 n 19% 3's Hall W F Printing. ] U % 97 Proc & Gamb pf (5). 212 Hamilton Watch % Producers & Refin. 453 Hanna pf (7 33% Pub Sve N J (2.80) 4 Hartman Corp ] 2 68 Public Sve NJ pt (5). 1% Hartman Corp (B).. 891 Pub Sve G&Epf (3). Hayes Body.... 18 Puliman Corp (3). Hercules Powder 134 5 2153 Pul Hercules Pow pf (7). 10s 3 62 30 PureOil pf (2) 3514 Hershey Choc (3).... i 64% Hershey Choc pf(15) 313 Holland Furnace. ... Homestake M(110).. Houdaille-Hersh(A). Houdaille-Hersh(B) Houston Oil.... Houston Oil (new).. Howe Sound (40c)... Hudson Manhattan. . Hudson Man pf (5).. Hudson Motor Car. 1% Happ Motors 815 I1linois Central..... 1 Indian Motor Cycle. 1% Indian Refining...... 1 24 Industrial Rayon (2) 208 Ingersoll-Rand(1%). 10 Inland Steel......... 7 Inspiration Copper.. Insuranshrs Del 15¢. Interboro Rap Trans. Intercontl Rubber: Interlake Iron. Int Bus Mach ( Int Carriers Ltd 20c Int Cement. . Int Combustion. Int Combustion pf. Int Harvester (60¢) Int Hydro-Elec (A).. Int Merchant Marine Int Nickel of Can. Int Paper & Pwr (A). Int Paper & Pwr (C). Int Paper & Pwr pf.. 13% Radlo Corp Radio Corp pf (B)... Radio-Keith-Orph. .. Raybestos-Man (60c) Reading Rwy (1). s Reai Silk Hosiery. Remington-Rand Rem Rand 2d pf. Reo Motor Car. Republic Steel. Republic Steel pt Reynolds Metals Reynolds Spring. . Reynolds Tob (3).... Reynolds Tob B (3). Richfield Oil. ... Rossia Ins of Ame Roval Dutch. Safeway Stores (3).. St Joseph Lead St L-San Francf St L-San Fran pf Savage Arms. . Schulte Retail Stores Schulte Ret Stor pf.. Seaboard Air Line. .. Seaboard Ofl ($30c). Seagrave Corp. Sears Roebuck Seneca Copper.... Servel Ine...... Sharon Steel Hoop. Sharp & Dohme. .. ln;h uzv Close. Chee. | High. ' Low. Net. | —Prev.1933.~ 4% Stmmon: 15% So Port 104 4% 5% 714 Spencer 5 1 Spiegel- 8% 20 191 Stand Of 22% Sta Stewart Stone & 1% Tenness: 15% 1% 3ia 5 2% Tex Gul Tex Pac: 2 Tide Wa Transue Unit Airy 96h 11'\ 59 U S Frel USGyp U S Rub! U S Rubl U S Steel U S Steel Btock and Dividend Rate. 5% Shattuck(FG) (24c). 20 4 Shell Union OIl...... 28% Sheil Union O1l pf. 4% Simms Petrolm(25¢) 3 Skelly Ofl 22 Skelly Ofl pf ww.... 6 Socony Vacuum 21 Sperry Cq Timken-] Timk Roll Brg (.60). Transamerica Corp Un Ofl of Calif (1)... Union Pacific (6).... Union Pacific pf (4). United Biseuit (1.60) it Carbon. . Unit Corp (40c) 1t Corp pf (3). Unit Dyewdod. Unit Fruit (2). Unit Gas&Im (1.20 Unit Piece Dye Wk: 2 5 % U S Gypsum (1). sum pf (7) U S Ind Alcohol US Leather. . U S Leather (A). U S Leather pr pf U S Pipe&Fdy (30c U S P&F 1st pf U S Realty & Im| Net. . Low. Close. Chge. 84 — % 6% + %% A4% + 1% + 1% T — % 4% — Y% 31 —1 9% Ada 0. s Co... Ric Sug 1.60. 17% South Cal Edison(2). Southern Pacific. y D Sparks-Withington. . Kellogg (60c) ‘orp May % Standard Brands (1). 5'a Stand Gas & Elec. . Stand Gas&El pf (4), Stand Gas&E!l pf (7). 13 Stand Invest Corp. 1of Cal (1).. Stand Oil Sterling Secur (A) Sterling Secur pt, Warner, Webster. Studebaker Corp. . % Superheater (50¢c). Superior Ofl. Syhington. . Symington (A 8% Telautograph (1) ee Corp Texas Corp (1) £ Sulphur(1)’ ific Coal&O1l, Tex Pacific Land Tr. Thatcher Mfg Co The Fair. .. ‘Thermoid Co. % Third Avenue Thompson Products. Thompson Starrett. . Tide Water Asso Ofl. ter Assoc pf. Detroit Axle & William: Tr1-Contl Corp. . Tri-Contl Corp pf(6). craft. L_ 2, l9||||»|0|| W 5 33 ber. ber USSmtg & Ref lll U S Smtg&Ref pf J‘.i 1 pf (2) S Tobacco (4.40) United Stores (A). Univ Pictures 1st pf. iv Pipe & Rad. 1l Pwr & Lt (A). % Vadsco Sales Corp. 7% Vanadiu; m Corp 1% Van Raalte. 3% V. -Car Chem ! 12% Vulcan Detinning. 1'; Wabash 1'x Wabash Waldorf Warner Warren West Pa West Pa + West Pa West Pa Western Western Western i & Western Westing" Westing: 2 Westing] Westvac 1i+++) 25' 461y :w, Wrigley 5% 8% 221s 6% 7ia_Youngst 0 A.M. e Pay Tn”Special preferred st 3% Zonite Products. RIGHTS—Expire. % % NatDistP. Sales of sloeb on New York Exchange. . 330,000 Dividerd rates as given in the above table are th 1 ca: payments ?‘lu Oh e Jatest quarterly or half )urlyed‘:::,l‘:lr'lutn;:‘ ling & le ca RR. Pt (A System (1). Walworth Co. Ward Baking Warn Bros Picture Bros Pic pf.. Warner Quinlan..... Warren Bros. Broscv pf. Warren Found & P. Webster Eisenlohr. . Wesson O & Sn (50¢) Elec A (7).. Elec pf (6). West Pa Elec pf (7 Pwr pf (6).. Pwrpf (7). Dairy pfA.. Dairy pf B.. Maryland Western Pacific..... Pacific pf... Western Union. se Alr B(1). house Elec. . hse 1st (313) 0 Ch] (40c).. White Rock M S (2 White Sewing Mach. Wilcox Oil & Gas. . Wilson & Co. Wi'son & Co (A). 19 Wilson & Co pf. Woolworth (2.40). Worthington Pump. . (Wm) (3). 14 7 Yale& Towne ncnc).. 2% Yellow Truck. . 3!3 Young Spr & Wire. own Sh&To . -May 12:00 Noon..... 1,050,000 «ee+ 1,710,000 less than 100 shares. tPartly extra. last year—no reguiar rate. b Py or stock. dPlus 8% in stock. % Payable in scrip. h Paid this year. Int Rys Cent Am. . Int Shoe (2). Int Silver. Int Silver pf. 5% Int Tele & Teleg 1% Interstate Dept 11 Island Creek Coal( 23 Jewel Tea Co (3). 12Y% Johns-Manville. 35 Jones & Laugh l!l'(l) 67 Kayser (J) & Co “» Kelly Spring Tire. 6 Kelly-Sp Tire 6% Df 3% Kelvinator Corp 30 Kendall Co pf (6). 7% Kennecott Copper. 5% Kimberly-Clark CORPORATION REPORTS TRENDS AND PROSPECTS OF LEADING ORGANIZATIONS, 24% 58 308 NEW YORK, May 9.—Following is today's summary of corporation news prepared by Standard Statistics Co., Inc, New York. for the Associated Press. Aircraft. Aviation Corporation announced in- crease of 5 per cent in all salaries and wages, effective May 10. Automobiles and Trucks. Auburn Automobile Co. announced blanket increase of 5 per cent in sal- aries and wages, effective May 10. Automobile Parts and Tires. Goodyear Tire and Rubber Co. de- clared a dividend of 50 cents on pre- 'ferred stock; a similar distribution was made April 1, prior to which $1.75 was pnd quarterly. orwalk Tire & Rubber Co. a hnunced plan for paying workmen a bonus of 5 per cent olrmz.heix l;!;‘kzlg . earnings, operative simul )eous T T L | recent 5 per cent advance in tire prices. Louisville & Nash 23 Chemicals and Fertilizers. Ll i b United Carbon_Co. common share 913 McAndrew Forbes(1) 1 earnings before Federal taxes March ;; flcgfi gorbe: ;’t ) 10; quarter 26 cents vs. 8 cents. orpn (2). s McCrory Stores Household Products. Procter & Gamble Co. advanced . 8 prices of white laundry soap 15 cents 44'% McKeesport TP (4). 19 75! a box, 1% McKesson & Robbins 15 8% McKesson & Robpf.. 8 3% McLellan Stores.... 1 roger Grocerv (1) 221 Lambert Co (4). Lane Bryant. . Lee Rubber & Tire Lehigh Valley Coal. Lehigh Valley RR.. 4 Lehman Corp (2.40) srriesss Ligg & Myers B (15). Lily Tulip Cup (1%). Liquid Carbonie. . Leew’s Inc (1).. Loews Inc pf (6%3).. Loft Inc........ 4 Loose-Wiles Bis lZ). 1 Loose-Wiles 1st (7). 308 Lorillard (P) (1.20).. 64 g Leather and Shoes. Hamilton-Brown Shoe Co.—Dollar sales of company up 14 per cent in irnitial quarter. United States Leather Co.—Big Stone Gap plant to resume operations after being shut down for more than five years. Metals (Non-Ferrous). Anaconda Ccfier l‘!lnl.n‘ 00 !ub- 1% Mandel Bros. ... s 6 Manhat Elev mod gtd 22 5% Manhattan Shirt. ... 1.6 Marine JUQI4 (3050 5<% % | sidiary, Am ..fl:.flil‘lht_fli %'WM!MI“&M“WW&‘ prices for all brass and copper materials. Revere Copper & Brass Co. ndvnnced priccs on copper and brass products cent a pound. Unlted Verde Extension Mining Co. | —Copper production in April totaled 2.977.420 pounds vs. 3,019,072 pounds in April, 1932. Oil. Ohio Oil Co.—Deficit March quarter, $1,418; 215 vs. net income, $1,656,106. Paper and Paper Products. St. Regis Pa Co.—1932 _deficit, $1,443,698 vs. ne Lneome, $738,288. Shipping and Shipbuilding. United States Lines Co.—United Sutfis Shipping Board approved pro- of company to lay up the lfivllthln for the 1933 season. Steel and Iron. Granite City Steel Co—Plants op- ersting at about 50 per cent of ca- pacity. United States Steel Corporation sub- Co., last week enjoyed the best week in point of orders since July, 1931. Wheeling Steel Corporation—York- vuleuymul of company operating at ca- pacity. Textiles. prices of staple cotton and China cot- ton blankets 5 per cent. Utilities. American Telephone & Telegraph Co.—Earnings report to I. C. C. for 1932, and net operating income off 36.7 per cent; three months, gross rev- operating income declined 53:2 per cent. ended March 31 were $35.80 vs. $47.54. International Railway Co.—Deflcit u‘lfl’flhul quarter, mo.zu vs. deficit, Public Service Co.—Preferred ;hn earnings, 12 months ended Mll’th 31. no 1. sidiary, American Sheet & Tin Plate |j, Nashua Manufacturing Co. advanced | A: enuumoflupereenc,whnenetgem NEW YORK EGG MARKET NEW YORK, May 9 (Special).—Quo- | N tations for eggs in the wholesale cash | market today were: Mixed colors—Spe- cial packs, 17a18Y,; standards, 16a163 storage packed firsts, 15a15% ; firsts, al5Y,; seconds, 14a141;; medium, 131 13%: dirtles, 131:a13%’; checks,’ 12 123, Whites—Nearby selected, 19 21; Western receipts, specials, 1712a19; standards, 1612a17; undergrades, 15a16. Browns—Nearby and Western ~special packs, 17a19%; n-nduds 1612a16%. %] - % STOCK LIST MOVES: IN NARROW RANGE Offerings Are Well Absorbed as Market Closes Some- what Higher. BY GEORGE T. HUGHES. Spectal Dispatch to The Star. NEW YORK, May 9.—A series of narrow and indecisive price fluctuations left stocks slightly higher at the close of today’s session. The market was never weak, nor was it strong. It simply drifted about, but taking everything into account its ac tion was encouraging rather than oth- erwise. Sterling exchange was weak and the dollar correspondingly stiong at the start, but that position was reversed in the later afternoon. Dealers thought they saw the result of operations by the British _equalization fund in the mar ket. Commodities were reactionary. Wheat broke 2'3 to 2% cents. Cotton was lower most of the day. The outstandingly strong featureof ‘the stock market was Industrial Rayon. Stocks opened with small and irreg= ular changes from the preceding close and they held within a narrow range all through the first two hours. Very little selling came into the market be- cause of the weakness that developed in the last hour of business yesterday, and the offerings that did appear were well absorbed. On the other hand, the list found it difficult to make progress on the upside. Except for the oil industry, which continues in the throes of an orgy of price cutting, the business news was fa- vorable. The St. Paul Railroad rbported loadings for the week ended May 6 well above the same week a year ago, and that was true also of the Chicago & Northwestern. This increaz in traffic was one cf the most encouraging de velopments of the day. Lumber book- ings were reported hlgher for the week |ended April 29 than in any week in 1932, except two in September. It was admitted that signs of revival needed confirmation from retail trade, but con- fidence was expressed that this con- firmation would be forthcoming shortly. {Vleks to that effect were strengthened ‘ by announcements of wage increases in various quarters. | Accumulation continued in the gold mining stocks, bought on the theory that this was the only legal way for | the hoarders of gold to achieve their | ends. Dome Mines was the leader of the group. Copper stocks were a little | firmer also. but trading in them was in limited volume. The best acting stock among industrials was General Motors, as it had been in recent sessions. Speculative buying was reported in Packard, but it was insufficient to have any effect on the price. Chrysler was strong for a time, reflecting the opti- | mistic attitude toward the motor in- dustry in general. MONEY MARKET. NEW YORK. May 9 (#).—Time money for the longer maturities firmed slightly today. For four months the rate was 14 per cent, against 1all; per | cent etlcrdax Five to six months money was heid at 112 per cent, against a previous rate of 1all, per cent. Call money on the Stock Exchange and in the outside call market remained un- changed at 1 per cent and 3 of 1 per cent, “respectively. SILVER QUOTATIONS. NEW YORK, May 9 (#).—Bar silver easy, % lower at 34%. U. S. TREASURY BALANCE. e Associated Press. Treasury receipts for May 6 were $4.279,093.96; expenditures, $12,203,« | €05.41; balance, $515.532,796.07. Cus~ | toms duties for six days of May were | $4.710,000.04. i e Bread Pnce Increased. CLEVELAND. 'May 9 (#).—The re- tail price of one-pound loaves of bread was increased 1 cent a loaf in many independent stores to 6 cents. FOREIGN EXCHANGE. | (Quotations furniched by W. B. Hibbs & Co.) | Nomynal gold Selling checks today. NEW YORK BANK STOCKS NEW YORK. May 9 (P)—Over-thes counter market: (Quotations as of 2 BANKS. | Bank of Manhatta) Chase National Commercial (N} Fifth Avenue (41a) Natlonal City (1) Public (2)... - - TRUST COMPANIES | Bankers (1) . Brooklyn Trus Central Hancver (7a). i Chemical (1.80) | Continental (1.7’ Gorn Exchanse (1) Empire Uni (a) Includes extra. BREWERY STOCKS Bought, Sold, Quoted Colony Company Washington Building Metropolitan 2721 Washington, D, C. U. 8. TR.EASUBY CERTIFICATES (Reparted by Chas. D. Barney & Co.) Rate—Maturity, June 1 €. 13, Ly 3 . 16, = ) wh B 2 1 B L 15, 1936. . P SHORT-TERM SECURITIES. (Reported by Chas. D, llrney & Co) Bid. Offer. & South. Ry. 5 Cemmen:hl Credll. 5‘/},! 1“35 Hu g Dela. & Den. & R. G, l 936, Edison Eiec Tllum. M mn 55 1940 With Unbroken Dividend Records Descriptive Booklet Covering These Stocks Free Upon Request George M. Ferris & Co., Inc. Washington Blds. Nat. 5925 Office Rooms Reasonable Rentals Connecticut Ave. & L St. N.W. Linkins Co., Rental Agents 1733 De Sales N.W. First Mortgages n: Bubic smm'm {u:m Graik “Trk. Canad 'm:m G it Penna. Co. 6! Republic g’:m & 8tl. Sinclair Col Gas Corporation—1933 Southern Baccfic b 1 Pien a& ot ) vl FOR SALE 6% Interest JAMES F. SHEA 643 Indiana Ave. N.W.