Evening Star Newspaper, May 15, 1933, Page 14

FINANCIAL. THE EVENING STAR, WASHINGTON, D. C., MONDAY, MAY 15, 1933 FINANCIAL. RANSACTIONS ON THE NEW YORK STOCK EXCHANGE |(STOCKLIST HOLDS e IN NARROW RANGE %|Leading Shares Rule Some- what Lower as Mar- ket Closes. A—14 xxx BANK CELEBRATES 20TH ANNIVERSARY). - gh, Low. 3 Adams Expres: = o 9 Adams Express s! Ad::I Millis, 10% Contl Insur (1.20)... 5% Addressograph.. 9 . 1 Contl Mot Munsey Trust Co. Has Had 1% Adv Rumley .ee 4% Contl Oll (Del). 12% + % 37% Lehman Corp (2.40).. 42 7% AMliated Prod 1.20.., 45% Corn Products (3). 20% 1 68% —1% Successful Career Jh Amuaea Pred 14 204 Coty Jac, ors s 5 20% H 11% Alaska Juneau(60c). 23 Cream of Wht t2% — %] 84% ere. 1 Albany Wrap Paper 2% Crosley Radlo....... 4 20 % Alleghany Corp. 14% Crown Cork & Seal. .. 204 Lima Locomotive. .., . 72 Safeway Strs pf (6). 1 Alleg Corp pf 330 24% Crown C&S pf (2.70), 11 Liquid Carbonie. 80'% Safeway Strs pf (7). 1% Alleg Cp pf $30 xw. 16 Crown W P1st pf(4) 60s 815 Leew's Inc (1). 64 St Joseph Lead...... 16% 5 Aileghany Steel..... 1 - Crown Zellerbach i 1 % St L-San Francisco. . 99% 70% Allied Chem & D (6). 9 Crucible Steel. . 2% 3 1 StI-SanFranpf 121% 115 Allied Chem pt (7) 16 Crucible Stec) pf. % Schulte Retail Stores 1 6 Allis-Chalmers Mfg. % CuhaCo..... 28 Scott Paper (1.40)... 5% Alpha Port Cement. . . 1% Cuban-Am Suga 22 % Seaboard Air Line. .. 8 Amal Leather. 10 “uban-Am Sugar pf. 210s Seaboard Ofl (150c).. 18% Amerada Corp (2) 20% Cudahy Packing 2%. 17 12% Sears Roebuck. . . A 7% Am Ag Chem (Del).. 6% Curtls Publishing... 5 1% Second Nat Inv. Pennsylvania ave- 8 Am Bank Note - 30 Curtis Publishing p?. 3 24 Second NatInvpf... .nul:e‘. i 4 34 Am Bank Note p! 1% Curtiss-Wright. . T4 % Seneca Copper cugrmy T ‘ 1 nm R Subie 2 Curtiss-Wright (A) 18 1% Servel Inc. e Hateen 2% Am Beet Sugar pf... 2% _ 4% Cutler Hammer .., 23% 134 Sharon Steel o' H. Pope. vice 9% Am Brake Sh&F 60c. 37% Delaware & Hudson, 3 214 Sharp & Dohme. st e e 49% AmCan (4)... 17% Del Lack & Westn. 21% Sharp & Dohme pt(2) pres enha s Sk A Cit & Kohadis 2 Denver& RG W pf. 5% Shattuck(FG) (24¢). el T . 15 Am Car&Foundry pf. 48 Detroit Edison (4)... Shell Union Oil. s president prs 4 1% Am Chain. 17% Diamond Mateh (1). x 10 District cf Colum- 4 . 84 26% Diamond Machpf 1% 1 Today's Sales Net. Add 00. High. Low. Close. Chee. 30s 23 23 23 +3 9 Today's ~Prev. 1933~ Btock an Sales Net. | ~Prev. 1033.~ Stock and High. Add 00. High. Low. Close. Chge. | High. Low. Dividend Rate. 27 56% 54% bd% —1% 8% 3% Lee Rubber & Tire... . % 12 5% Leh Port Cement. 3 22% 2 1 'Lehigh Valley Coal 2 ém 8% Lehigh Valley RR... 43 ~Prev. 1933~ Stock and High. Lo Dividend Rate. 7 Revere Cop & Brpf.. 6 Reynolds Metals(1 1% Reynolds Spring. 6 60 Reynolds Tob (3).... 30s 26'% Reynolds Tob B (3).. 141 % Richfleld Oil........ 3 8! 2 Rossia Ins of Amer.. Ligg & Myers B (16) x 35 % 17% Royal Dutch (80%c). Lily Tullp Cup (1%). Safeway Stores (3 Y GEORGE T. HUGHES. Special Dispatch to The Star. NEW YORK, May 15—Taking the stock market as a whole, prices made little progress in either direction to- day. Standard issues were lower most of the time and the selling had the upper hand at the close. On the other hand, varicus specialties were bid up con- spicuously. Commodities were weak. Wheat closed % to % of a cent lower. Cot- ton broke sharply early in the day and recovered only partially. Sugar was down 3 to 4 points and silver was off. The foreign exchanges moved in fa- BY EDWARD C. STONE. The Munsey Trust Co. is 20 years old today, having been organized on May 15, 1913, by the late Frank A. Munsey. The bank has always been located in the Mun- sey Building, on E - street close to ° Lorillard (P)pt (7) . 9 % Loulsiana Ofl. . 2 15 Louisiana Ofl pf. Lou Gas&El A (1%). Loulsville & Nash., Ludlum Steel 9% McAndrew Forbes(1) 3 McCall Corpn (2).... McCrory Stores A.... 6 1% McCrory Stores B. 21 214 cCrory Stores pf... 26% 18 McIntyre P M(1%). 80% 44% McKeesport TP (4). 4% McKesson & Robbins 3 A A , ' . = | bia Bankers' Asso- ciation. Following the death of Frank A. Munsey, William ‘T. Dewart of New York was made resident. Mr. %ewart‘ also president of the New York Sun, is still serving the bank in this capacity. Wilton J. Lambert, who was elected counsel 20 years ago, continues in that acity. CB’}I)‘hL' most interesting incident in the carcer of the Munsey Trust happened only six months after the bank opened for business. The United States Trust Co. faced failure and Mr. Munsey went to the rescue. He took over the bank and saved nearly $8,000,000 for about 60,000 depositors. The action furnished one of the most dramatic moves in ‘Washington's financial history, Mr. Munsey pledging a large amount of his personal fortune in order to carry out his plan. The company has had & very successful career. Munsey Trust’s present officers and directors include William T. Dewart, president; Wilton J. Lambert, vice pres- ident and counsel; C. H. Pope, vice president and treasurer; C. D. Rat- cliffe, vice president and assistant treasurer; T. C. Willis, secretary and assistant treasurer, and P. J. McMahon, assistant treasurer. Coast Line's Earnings Jump. Atlantic Coast Line, strongest road of the South, and controlling Louis- ville & Nashville through ownership of 51 per cent of the stock, has devel- oped this year a very favorable earnings | trend, especially with respect to net| earnings, the Wall Street Journal com- | s. P ®@ith net operating income for the first three months of the year 49.4 per cent ahead of the corresponding period last year, April net operating income is expected to be about double that of Jast year, when jt was $351.666. The May ‘trend to date is also understood to be very favorable and net earnings for the current month are likely to make impressive comparison with the operating deficit of $225,118 of May, 1932 C. H. Pope. hile one of the mainstays of Coast Line's freight traffic is the movement of fruits and vegetables to Northern vice president and general |’ rkets, also a normally heavy busi- g::ass in lumber and other forest products as well as a variety of manufactures, significance of the advance of nearly 4 cents & pound, or roughly $20 a bale, in the price of cotton should not be lost. This is the great staple crop of the South and higher prices spell a general improvement in conditions of the whole territory. Wide Agreement on Recovery. 0 Jearly universal agreement that sub- sla’:ll‘llalb evidences of business recovery have displaced the speculative influent'e behind price rises which followed gov- ernmental adoption of an inflation pro- gram is the outstanding feature q( the weighted summary of this week’s financial and economic opinion com- puted by the Business Economic Dlgest: Especial attention is directed by these observers to the fact that im- rovement is to be noted in the Na- tion’s basic industries, whereas it was the so-called consumer _industries which were the chief beneficiaries of the previous attempts at recovery which have occurred since 1929. It is an economic axiom that sustained recov- ery must start with producers’, rather than consumers’ goods. e The various economic services take satisfaction, therefore, in the increase of steel output, the rising level of elec- tric power output, and the improve- Am Chicle (13). 2 Am Colortype.... 13 Am Come'l Aleohol 1 A.n Encaustic Tiling 3% Am European Secur. 3% Am & Foreign Pwr. . 7% Am & For Pw pf (7) 4% Am & For Pw 2d pf.. 4% Am Haw Stship (1).. 214 Am Hide & Leather. 13%; Am Hide & Leath pf. 29'; Am Home Prod (3). 3% AmIceCo...... 4% Am Internationa 14 Am La France&F 5% Am Locomoti 17% Am Locomotive pf. 8% Am Mach&Fdv(80c). 1 Am Mach & Metals. . 3 Am Mach & Met ct 3 Am Metal Co. 15! Am Metal pf. 17 Am News (1%). 4 Am Power & Light.. 9 AmP&LS$Hpf (1%). 20% Am Safety Razor (3) 14 Am Ship & Com. 10% Am Sm & Ref. 31 AmSm& Ref 7% bf. 4% Am Steel Foundry. 30 Am Stores (12%5). 2114 Am Sugar (2). 80 Am Sugar pf (7).. 6 Am Sumatra Tob, 865 Am Tel & Tel (9) 49 Am Tobacco (5).. 50% am Tobacco (B) (5). 4 102% Am Tobacco pf (6).. 1215 4% Am Type Founders. . Am Type Fdrspf.... Am Water Works(1) 915 Am Wat Wks ctfs(1) 35 Am Wat W 1st pf(6). 315 Am Woolen . 22% Am Woolen pt. 2'¢ Am Zinc & Lead. 5 Anaconda Copper. 4% Anaconda Wire & C.. 814 Anchor Cap (60c) . 9% Archer-Danlels (1).. 41 Armour of Del p£(7). 1% Armour of Il (A)... % Armour of 111 (B). 7 Armour of Ill pf. 1% Arnold Constable. ... 313 Art Metal Construct. 3, Associated Apparel.. 312 Asso Dry Good 18 Asso Dry G 1st pf. 15 Asso Dry G 2d pf. 34% Atchison. . 16'; Atlantic Coast Line. . 12% Atlantic Refining(1). 9 Atlas Powder. : 60 Atlas Powder pf (6). 15 Atlas Tack. 31% Auburn Auto (2).... 7% Austin Nichols . 13 Austin Nichols A (1) 51 Aviation Corp (Del). Baldwin Locomot. lawin Locomot pf. Baltimore & Ohio. ... Baltimore & Ohio pf. Barnsdall Corp i Bayuk Cigars. Bayuk Cig 1st pi Beatrice Creamery Belding-Hemingway Bendix Aviation. Best & Co. Bethlehern Steel pf. . Blaw Knox. . Bloomingdale Bros. . Bohn Alumn & Brass Borden Co (1.60) s Borg Warner Briggs Mfg C Bklyn Manhat Tran.. Bklyn & Queen: Bklyn Union Gas (3). Brown Shoe (3)..... Brunswick-Balke. Bruns Term & Rwys, Bucyrus-Erje. . Bucyrus-Erfe cv pt.. Budd (EG) Mfg 340 361 3 127 12 53 Vit++ | FPEELE PEFEET + 4+ P4+ L0 ++ 0+ 144041 LARE RN & 8 % | $SFE S OEF © EreTrrrsseey 10% 10% 6% Y 2 32% 97% 90 1% 46 3% % 4 10 8% 1 1 3% 614 T 21 % 26 4 15 2% 6% 3 Dominion £tores Doug Afreraft (75¢). Dresser Mg (A). Dresser (SR)Mfg( 1 12 Dome Mines (1.55)... 74 0 Drug In¢ (3)........x 56 Dupont de Nem (2).. Dupont deN db pf(6) Duquesne Lt 1st (5 Eastern Roll Mi Eastman Kodak (3) Eaton Mfg Co Eiftington-Schild. Eitington-Schild 1s Elec Auto-Lite. .. Elec Auto Lite pf(7). Electric Boat.... Elec & Musical Instr. Elec Pwr & Lt. . Elec Pwr&Lt $6 pf. Elec Pwr&Lt $7pf... Elec Storage Bat (2). Elk Horn Coal pf.. Endlcott-Johnson(3) Engineers Pub Sve. . Eng PSptww (5% Erie R R 2d pf. Eureka Va Cleaner. 1% % Evans AutoProd.... 8% 21 22% 10 6% 3 10 4% 3 M 3% 1% 19% T4 10% 94 42 43 24 4 2 13% B 164 4 1 42 13% Fairbanks-Morse. Fairbanks-Morse pf. Fashion Park As pf.. Federal Lt&Tracion. Federal Mot Truck. . Fed Water Service A Fed'd Dep Stra(60e).. Fidelity-Phoen 1.2 Firestone T&R (40c Firestone T&R pf(6) x First Nat Strs (2 Follansbee Bros Foster-Wheeler Foundation Co. Fourth Nat Inv 1.10 Fox Film (A).... Freeport-Texas (2 Fuller Co 2d pf. Gabriel Co (A). Gen Am Inv pf ww 6 Gen Am Transp't(1) Gen Asphalt. ... Gen Baking (2). Gen Bronze. Gen Cable. 4 Gen Cable (A) Gen Cable pf. Gen Cigar (4). Gen Cigar pf (7). Gen Electric (40¢). Gen Elec spee (60c) Gen Foods (1.60) . Gen Gas & Elec (A Gen Gas & Elec (B).. Gen G&E 6% cv pf A. Gen Mills (3). Gen Motors (1 4 Gen Motors pf (5) Gen Outdoor Adv (A) Gen Public Service. . 4 Cen Ry Signal (1) Gen Realty & Util Gen Refractorfe: Gillette Saf Raz Gimbel Bros Gimbel Bros pf. Glidden Co. .. 312 11 30s 64 608 77 2 91 4 7 3 .. 1408 Glidden Co pr pf (7). 230s Gobel (AdoIf)....... Gold Dust (120).... Gold Dust pf (6).... Goodrich (B F). Goodrich (B F) pf... i Goodyear Tire&Rub. 27% T 41 1 3% 3% 2214 15% % 5. E [ % Goody’r T&R 1st (2). Gotham Silk Hoslery Gotham S Hpf (7).. Graham-Paige. Granby Consol. Grand Unfon. Grand Union pf (3) Grant (W T) (1) Great Northern pf Great Northern Ore Great West Sugar. Grigsby Grunow. Guantanamo Sugar. . 215 Guif Mobile&Xor pf. 10 1 31% :II++II|I| +1 © 55 FIEEE 3% McKesson & Rob pf.. McLellan Store: 131 Mack Trucks (1) Macy (RH) & Co Madison Sq Garden 5% Magma Copper. % % % 13 Mandel Bros. 6 Manhat Elev mod gtd 5% Manhattan Shirt..... Marine Midid (80c).. Market Street Ry.... 40s Marlin-Rock (1)..... 7 Marmon Motor Car.. 43 Marshall Fleld & Cs Mathieson Alk (13%). May Dept Stores (1) .x Maytag Co... % Melville Shoe Mengel Co. Mengel Co pf. . 4201 Mesta Machine(60c). Met-Gold Pic pf 1. Miami Copper. Mid Continent Petm.. Midland Steel Prod MStP&SSMpf. Minne StP&SSM 1.1 Mo Kan & Texa: Mo Kan & Texas pf.. Missourl Pacific. Missourl Pacific pf. Mohawk Carpet. Monsanto Chem 1%.. % Montgomery Ward Morrell (J) & Co (2). Mother Lode. . . Motor Meter G & El.. Motor Products. Motor Wheel.... Mullins Mfg. Mullins Mfg pf Nash Motor..... Nash Chat & St L. Nat Acme Co. Nat Biscuit (2 Nat Cash Reg (A). Nat Dairy Prod 1.2 Nat Dept Stores. Nat Dept Strs 1st pf. Nat Distillers....... Nat Dist pr pf (2%). Nat Enam & Stamp Nat Lead (5)........ Nat Pwr & Lt (1).... Nat Steel (50¢c) Nat Supply Co. Nat Supply pf. Nat Surety. Nat Tea (60c) Nevada Con Ce = Newport Industries.. NY Alr Brake N Y Central... 4 NY Cnlcago & St L. NCChi&StLpt.. N Y Investors. ...... N Y N H & Hartford. N YNH&Hart pf.. N Y Ont & Western 1 N Y Railways pf. N Y Shisb'ldg (10¢). N Y Steam pf (6).... N Y Steam 1st pf(7). Noranda Min (21.10). Norfolk Southern Norfolk & West (8).. Norf & Westn pf (4). North Am Aviation. . '4 North Am (b8 %stk). North Amer pf (3)... Northern Pacific. .... Northwest Tele (3).. Norwalk Tize & Rub. OhioOfl........ Oliver Farm Equip Oliver FEqprpfA.. Omnibus Corp. .. Oppenheim Collins. 10 Otis Elevator(60c)... 9314 Otis Elev pf«6) 13 Otis Steel. . £E+1 131 2 SRrERER EF FFEFELP FE Srs T+l ++++++ .‘v'::.";.“.i‘l;'é‘fl* +| 2 17% 261y 2 4% Stmms Petrolm(25¢) 3 Skelly OIl... e 22 Skelly Ol pf ww.... 814 Sloss-Sheff Steel pf. % Snider Packing. 6 Socony Vacuum. 15% So Port Ric Sug 1.60. 17% South Cal Edison(2). 11% Southern Pacific. ... 4% Southern Railway... 6% Southern Rallway pt % Sparks-Withington. . 20 Spear & Co 15t pf.... 7% Spencer Kellogg (60c) 2! Sperry Corp 13% Standard Brands (1). 5% Stand Gas & Elec. ... 8% Stand Gas&El pf (4). % Sterling Secur (A). 1% Sterling Secur pf. 20 Sterling Secur cv pf. 214 Stewart Warner 5% Stone & Webster 114 Studebaker Corp Studebaker Corp pf.. Sun Ol pf (6). T4 Superheater (30c) 3 Superior Ofl. perior Steel. ‘mington. . minzton (A). 81y Telautograph (1). 1% Tennessee Corp..... 10% Texas Corp (1). 15% Tex Gult Sulphur(1) 1% Tex Pacific Coal&Oil. 3!3 Tex Pacific Land Tr. 5 Thatcher Mfg Co.... 29 Thatcher Mfg pf 3.60 The Fair. . 4'4 Third Avenue . 10 Third Nat Inv (§0c). 6% Thompson (J R) (1). 5% Thompson Products. 13 Tnompson Starrett. . 12 Thompson-Staret pf. 31 Tide Water Asso Ofl. 231y Tide Water Assoc pf. 9% Tide Water Oil...... 1'3 Timken-Detroit Axle 13% Timk Roll Brg (.60). 2% Transamerica Corp.. 2%y Transue & Wil/iams. 21, Tri-Contl Corp 5 2 20 Trico Products(2%). 40 Truscon Steel. . 10 Twin City Rap Tran. Union Bag & Paper. . Union Carb & C (1).. Un Oil of Calif (1) Union Pacific (6).... Union Pacific pf (4). Unfon Tank Car 1 5 Unit Aircraft. : United Biscuit (1.60) Unit Carbon. .. Unit Corp (40c). Unit Corp pf (3) Unit Dyewood. Unit Fruit (2). Unit Gas&Im (1.20). Unit Gas&lIm pf (5). Unit Piece Dye Wks. “nit Pce D W pf 6%. S Distributing xpress. . J S & Forn Secur. s s s s s S Leather. S Leather ( S Pipe&Fdy (50¢). S Realty & Imp. S Rubber. .. S Rubber 1st pf... S Smtg & Ref (1). U S Steel. ... - U S Steel pf (2 vor of the dollar, reflecting European concern over the German crisis. Opening prices were irregularly lower. |For an hour or so the selling was a |little more than the market could take without receding from fractions to a point or two. At the same time there Wwas no real weakness and a few stocks stocd out against the trend. Among the latter National Distilleries Products and the alcohol shares were prominent, 3 | most of them at new highs for the year, 11+ 1L+ 100+ i reflecting the fact that the law liberal- lizing and regulations regarding pre- scriptions of liquor by physicians went into effect today. Another strong spot | was Worthington Pumn common, to- gether with the A and B preferred issues. . Stocks were affected by the weakness in commodities, particularly the break in cotton. ~Another deterrent to opera- tions for the rise was the unsettled po- litical conditions abroag, but the main factor was the extent of the recent ad- vance and the suspicion that it had undermined the technical position. Trade news was generally favorable. Motor car sales, so far as statistics are available, were larger in April than in the preceding month and near those of the same month a year ago. Trade authorities declared that steel produc- tion was still gaining ground and re- ports from the textile industry were all optimistic. Losses of a point or over were re- corded during the early selling in such stocks as Allied Chemical, American Can, Air Reduction, Westinghouse Elec- tric, Johns-Manville and Corn Products. Sugar shares were heavy and the rails |irregularly lower. NEW YORK BANK STOCKS NEW YORK, May 15 (F).—Over-the- counter market (Quotations as of 2 o'clock.) e 100} ty (1 TRUST COMPANIES, 1, | Guarant | Trvine (1) anufact Y T *Includes extra FOREIGN EXCHANGE. (Quotations furnished by Nom London. pound. ... Paris. franc Brussels, belga Berlir.. mark. . a thens. d Madrid, peseta ... | Vienna! schilling | Budapest First Mortgages FOR SALE 6% Interest FOSEFREFE Budd (E G) Mfg pt.. Budd Wheel. 4 Bullard Co..... Bulova Watch. Burns Bros (A) vic. . | 16% 61 Harbison & Walker s sl : K 48 Harbison&Walker pf Bush Terminal pt. A IO ButtoCorporatine: 6915 Helme (GW) (17) T Ditessurion, -, : 1 3 Hercules Motor..... 815 Byers (A M > : 15 Hercules Powder 13 A0 B A 354 Hershey Choc (3).... s B 64% Hershey Choc pf(15) 1913 7% Callfornia Packing.. Holland Furnace. ... 6% Gulf States Steel 16% Gnlf States Stl 1 1% Hahn Dept Stores... 14 3% Hall W F Printing. 1 213 Hamilton Watch. ... 240s 19 2% Otis Steel pr p: 751 313 Owens 11 Glass ( 21; 1 Pacific Coast 2d pf... 311 20 Pacific Gas& Ei (2). 43% 25% Pacific Lighting (3). Pacific Mills. ....... Pacific Tel & Tei (6). « Packard Motor Car.., Panhandle Pro&Ref.. Panhandle P & R pf.. Par-Publix ctg. Park & Tilford. Park Utah. .. Parmelee Transport.. Paths Exchange. i Pathe Exchange (A). Patino Mine: ment in car loadings. Security Gains Helping Banks, It was reported in the financial dis- trict today that the recent advances in stocks and bonds have materially helped the position of ‘Washington's 13 closed banks. In the past few days many people have been able to sell collateral put up cn loans and get out even and mI many instances have a profit. Cus- tomers have been visiting the closed banks in quite large numbers and wip- ing their loans off the slate. This situation is gratifying to the customer and still more helpful to the banks. If the present strength in stocks and bonds is maintained for some time. the position of many of the closed banks will be much improved. Had the upturn come sooner, some of them might have not have been forced into their present status. Thepprapcsed merger of the District National, Federal-American, Potomac Savings and Washington Savings Banks into a new central bank was widely discussed in thé financial district today. It is fully expected that at least two other cloced banks will join the move. The general opinion today apveared to b> that it is the best step these banks can take under present circumstances and should prove beneficial to the de- positors. The fact that the plan has Treasury sanction is also given great weight. Local Exchange Unusually Busy. The Washington Stock Exchange started the week with record trading. Both bonds and stocks were in de- mand. . Potomac Electric consclidated 5s opened business with two $1,000 sales at 1027,. Potomac Electric Power 6s came ‘out at 10712. The day’s largest business was in the Potomac Electric consolidated: 5s; which again appeared after call, $2,000, $10,000 and $1.000 selling at 102. Washington Gas 5s, 1960, figured in a $500 turnover at 102 and two $1,000 sales in Capital Traction 5s were regis- tered at 42. Pctomac Electric Power 5 per cent preferred was the most active stock on the board. This sold in small lots at 109 and 109'. The corporation’s 52 per cent preferred was also in demand at 105 and 105'5. Washington Railway & Electric pre- ferred came out to the extent of 25 shares at 82. 4 United Stores (A) Univ Leaf Tob (2) Univ Leaf Tob pf( Univ Pictures 1st pf. Univ Pipe & Rad.... Univ Pipe & Rad pf.. Util Pwr & Lt (A)... % Vadsco Sales Corp. 7% Vanadium Corp. 13 Van Raalte 147 Van Raalte p: % Va-Car Chemical. 33 Car Chem 6% pf. 35% -Car Chem 1% pf. 65% Va Elec&Pw pf (6).. 12% Vuican Detinnin; Vulcan Detin pf 112 Wabash R R Wabash pf (A)...... Waldorf System (1). Walworth Co..... Ward Baking (A). Ward Baking (B). Ward Baking pf (1).. Warn Bros Pictures. ¢ Warner Bros Plc pf.. Warner Quinlan..... Warren Bros. Warren Bros ! Warren Found & P.. Wesson O & Sn (50c) West Pa Elec pf (7). Western Dairy pfA.. 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 James E. Connelly President Member of Building Association Counell of District of Columbia. Callahan Zinc & Ld. . Homestake M(110).. Houdaille-Hersh(A). Houdaille-Hersh(B). Househd Fin pf 4.20. 4 Houston Ofl. » Houston Ol Howe Sound (40c) 1113 Hudson Manhattan. . Hudson Motor Car. H 2 Calumet & Hecla. 714 Canada Dry G A Canadian Pacific Cannon Mills (1) Case (J I) Co.. Case (J 1) pf (4).. Caterpillar Tractor., Celanese Corp. 2 Celotex Co. Gelotexipt. % Nlinols Centra Gent REyins 1 4 16 Illinofs Centra R ; ’ 31 IilinoisCent11(4)... 108 CentuEy RINMDI(T): ; 24 Industrial Rayon (2) 126 Cerroids Hanee = E 19% Ingersoll-Rand(1%). 13 Certain-teed Prod. & 12 Inland Steel. A Certain-teed pf 2 Inspiration Copper.. 8 ‘hes & Onfo (2%). .. 1% Insuranshares (Md). 1 Chesapeake Corp (2). 4% Interboro Rap Trans. 32 e mnion Tt 5 }fller;::;fl]flubher 2 astern 111 pf. 214 Interlake Iron.. Chi Great xu::r:‘ . Biel: ez Ionliies reat Westn pf.. 5 Chi Mil St P & Pac 75% out MiBI=R popt: 2% Int Carriers Ltd 2! 'hi & Northwestern. 6% Int Cement. Chi & Northwest pf.. 74 Int Combustion. . Chi Pneumatic Tool. 1% Int Combustion pf. Chi Pneu Tool pf.... 13% Int Harvester (60c). 185 Chi Rock I & Pac.... 214 Int Hydro-Elec (A).. 10 ChiR1& Pac§% pf.. 1% Int Merchant Marine 7 % Chi R | & Pac '{”b X;f- 6% Int Nickel ofCln.A.) ao% Chi Yellow Cab (1).. Int Paper & Pwr (A). Chickasha Cot O(1). Y Tot baper & pwr By 4 Proc & Gamb pf (5). White Sew Mch pf. Chrysler Corp'n..... % Int Paper & Pwr (C). 1 Producers & Refin. Wilcox Oil & Gas.... City Ice & Fuel (2). . 2 Int Paper & Pwrpf.. 13 % + 3 Y Pub8ve NJ (2.80)... 10 Wilson & Co. ... ity lce&Fuel pf 6%. 313 Int Printing Ink 1 - Public Sve NJ pt (5). Wi'son & Co (A) City Stores. . : % 1 1% Int Rys Cent Am. 608 Pullman Corp (3).... Wilson & Copt Cluett-Peabody (1).. 1% Int Rys Cent Am ctfs 70s Woolworth (2.40). Coca-Cola Co (7).... 4% Int Rys Cent Am pf.. 50s Worm‘innon Pump.. Coca-Cola (A) (3)..e 13% Int Salt (1%). 6 14 Worth'n Pump pf A.. Colzate-Palm-Peet. . 24% Int Shoe (2) 7 Colilns & Atkman. 9% Int Silver. 8 Colonial Beacon Oil.. 241 108 314 Colo Fuel & Iron. ... 5% Int Tele & Teleg. 305 9 Columb G&EI(b80c). 1% Interstate Dept St... 40 59 Columb Gas pf A(6). \ 12" Intersta Dept Stor pf 2308 3 6% Columbia Plct vic... ) 23% Columb Carbon (2)..x 5 = 9 3 4 Commercial Credit.. i s 4T - % i 33 16 ComelICredit (A). 2 42 Johns-Manvillept... 30s o oo T s 3 Comel Inv ev prietr: IS5 _fonens Lavenpoh. 1003 - The Washington office of the Na- 9 Comecl Solv (60¢). }9,2 12" EanCity sg“ 7 2 tional Association of Credit Men re- 1% Comwlth & Southn. . 1215 30 ported today that definite improvement| 50 21 Comwlth & Sou pf(6) 3 in both wholesale sales and collections 7% Congol-Nairn (60¢). throughout the country is noted in 6% Congress Cigar (1 the May survey released by the Na- 3% Jonsol Cigar, tional Association. 1% Consol Film. The survey is based on monthly re- 5% Zonsol Film pf ports from correspondents in 104 of 40 Consol Gas NY (3.40). the major markets of the country, in-|. 83 Consol Gas NY pf(5) cluding every State. It reveals that *good” collections were in evidence in April in San Diego, Calif.; Cedar Rapids. Jowa; Springfield, Mass, and Detroit, Mich. San Diego is also rep- resented in the *good” sales column. Cedar Rapids is the sole city reporting to have held its position in the “good mn from the April survey, Penn Dixie Cement Penn Dixie Cmt pf... Penna R R (50c). . Peoples Gas Chi (5). Pet Milk. .o o..uiuans Petrol Corp of Am. Phelps Dodge. .. . FEOEFEF Phillips Petroleum Pierce-Arrow..... Pierce Ofl Pierce Oll pf...... Pierce Petroleum Pillsbury Flour (1) Pitts Coal.. W Pitts Coal pf. . Western Maryland Pitts Screw & Bolt. .. Western Md 2d pf. Pitts Stesl pf.... Western Pacific..... Pitts Terminal Coal. Western Pacific pf... Pitts United Corp. Western Union. ..... 15% Pitts United pf. Westing’se Alr B(1). 12 Plymouth Oll. Westinghouse Elec.. ’ &9 1% Poor & Co (B) Westinghse 1st (3%) 100s 1% Port Ric Am T« . 2 Weston Elec Instru. . 5 4 Postal Tel&Cable pf. Westvaco Ch] (40¢c). x 25 Pressed Steel Car... Wheeling Steel...... 2 Pressed Steel Car pf. White Rock M S (2). 14 Proctor & Gam(1%). White Sewing Mach. 2 I+411 FEOER FF The Trade Mark Guaranteeing Satisfaction 4+ SRER FEFEREEFT EAE RN Loose-Leaf MINUTE BOOKS STOCKET KE C 2x 2 spresfs gn EasE e ERREEN S +14+11++++1+ e 2EE A+ 0L+ +++ 1+ 4+ ® Pyt AR R LEI+ L+ +1 F OFEES FE F OFEF 14 Worth'n Pump pf B.. 341 Wrizley (Wm) (3).. 2% Yeliow Truck. 27 18 Yellow Truck pf. 10 3% Young Spr & Wire. 22% 7% Youngstown Sh&Tr. 44 1% % Zenith Radlo........ 1% 6% 3% Zonite Products..... 31 , 5% RIGHTS—Expire. % Nat Dist P...May 29 189 18 Sales of Stocks on New York Exchange. 10:30 A.M 470,000 12:00 Noon. 1:30 P.M. 2,230,000 2:10 P.M. Dividend rates as given in the above tabl ents based on the Iatest .“':':'3 o et 100 shares. 1) Radio Corp pf (B). Radio-Kelth-Orph. RR Sec Ill Cent Stk Raybestos-Man (60c) NEW HOME FIRST MORTGAGES Paying 6 Per Cent Now Auvailable in Limited Amounts Reading 18t pf (2)... 4 Reis (R) & Co 1st pf. 1% Remington-Rand Rem Rand 1st pf. 3 Rensselaer & Sar (8) 100s 1 20 . 5 Reo lb?‘w;(}lr. . l:; % Kelly Spring Tire... 36 4 Republic Steel...... G/‘ Koll;—s: Tl:. 6% of. 20 9 Republic Steel pi 21 2 Kelsey-Hayes (A). 1% Revere Copper. .. 2 Kelsey-Hayes (B) 2% Revere Copper (A SILVER 814.80; balance, 7,182,051.30. Cus- O toms duties for 1’2“ days of May were NEW YORK, May 15 (#).—Bar sil- X ver weak, 1% lower at 32%. - R 33 U. 8. TREASURY BALANCE. 28% — % | By the Assoctated Press. for Msy 56 Treasury receipts 31% + % $4,881,641.62; expenditures, 23 L. 4 less tha: Paid last ‘Jear—no Cash or stock, 4% i Biock. 8 Tasbictyl preterres. 9% + % Denominations, $250 to $1,000 Phone National 2345 |SHANNON & Lucnsl MORTGAGE DEPARTMENT 1505 H STREET N.W. 5% Kimberly-Clark. . 4% Kinney (G R) Copf. Kresge Dept Stores (92), 22%; extra firsts (90-91), 213a ;. firsts (88-89), 20%a21ls; stand- ards (90, centralized car lots), 22Y. [Eggs—Receipts, 49,904 cases; unset- CHICAGO DAIRY MARKET. |tled; extra firsts, 14; fresh graded 1 CBICA%OI‘“& 15 m.—'m— firsts, 13%; current outps 12%; PaT55: ery ecials (93 scoce), 30a73%i; extras | packed ektas, 18, s \ 1% Coms RR of Cuba pf % Consol Textile. 1% Container Corp (A). % Container Corp (B! 3 Contl Baking (A). 1% Contl Baking (B). 36 Contl Baking pf (4) Li++l++t+11++ 14% Kroger Grocerv (1) 61 37% Laclede Gas pf (§)... 3415 22% Lambert Co (4).. ++