Evening Star Newspaper, May 16, 1933, Page 14

A—14 xx¥ FINANCIAL, THE EVENING STAR, WASHINGTON, D. C. TUESDAY, MAY 16, 1933. FINANCIAL. BROKER BUSINSS || TRANSACTIONS ON THE NEW YORK STOCK EXCHANGE |ADVANCEINSTUCK, SHOWS SHARP GAIN -~ = = e e E . e e B el e .| WD RESNES . 1933. Stock and s Net. Today ’;Z“.”, ™ Dividend Rate. 3 . h Close. Chge. Low. Dividend Rate. . . A . High. Low. . Dividend Rate. Add w mn ; 3 " Yow. " _Dividena Rate. A« 00. High. la' Close. on- 3 Adams Express. 7 EH 21 Comwlth & Sou pf(6) 1% Intertype Corp. 4% RR SeoJil Cent Stk.. 30s 10% ; T% Congol-Nairn (60c).. 12 1 elene Goech Cosi(i) 4 20 e FTAB 2 Local Board Rooms Crowded = : CkiGagoei ClER D T30% 125 Johns-Manville..... 104 z cect ok «|List Works Higher After | St Ade Bemiay. 4 T4 Gonael it £ e 41| 50 25 Real Silk Hostery pf. 110s as Public Returns to 75 AMmliated Prod 1.20 5% Jonscl FIlm Df. ... 2B Jesesfisubsicl 3 % Rels (Robert) &Co.. 11 regular Opening and % 474 Alr Reduction (3). 40" Consol Gas NY(3.40) " (0% Kanma City Soutan. 4 1% Rela (R) & Co 1st pi. 2008 e 1 11% Alaska Juneau(60c 99 Consol Gas NY pf(5) ‘an ou pf (2). Market 1 ‘Albany Wrap Pape 3 2% Consol Laundrie: 7 2% Kautmann Dept St. 1 5% Re Closes Strong. % Alleghany Corp. .... 5 Consol Oil Corp. 6% Kayser (J) &Co..... 142 5 1 Alleg Corp pf $30ww Cons RR of Cuba pf. 8. Keith-Albee-Orph pt BY EDWARD C. STONE. 1% Alleg Cp pf $40 ww. . Consol Textile. ... 4 % Kelly Spring Tire. ¥ d 3 1% Alleg Cp pf $30 xw Container Corp (A)..* 6 Kelly-8p Tire 6% vf 1% Revere Copper. e d*“"“’*“”" - Aileghany Steel. ! , Sontainer Corp (B) 8 2 Kelsey-Hayes (A)... entering the stock and bond markets ‘u-« Allied Chem & D (6). % Contl Baking (A)... 3% Kelvinator Corp. .... 9 9 6 Reynolds Metals(1) in increasing numbers, local brokers re- Allls Chalmers Mfg. 1 Contl Baking (B). T% Kennecott Copper, in the stock market was resumed today ported today. Crowded board rooms | 5 1 Kinney (GR) Co.... 3 sw. Alpha Port Cement Contl Baking of (4) ey uo- 261 Reynolds Tob B (3) under a moderate turnover, but with' BY GEORGE T. HUGHES. Special Dispatch to The Star. NEW YORK, May 16.—The advanc¥ b R AR s EEEE | indicate as much, and similar reports s . - come from many other cities. i Amalleather : e i e 5% Kresge (S8)........ 62 14 Rh-WEIP (h1.07). more inspiring leadership than it had. sth‘:g Binlt;rrc;cscgmgfl\:m& gdm%;adalgg 1815 Amerada Corp (2).., Contl Insur (1.20) 14% Kroger Grodery (1).. 2‘/‘ g:f.‘:,'.'."f’.,?::i e exhibited in its sporadic advances of ows i 7 5 \ 5 1 s. % 221 LambertCo (4). .. " selling in addition to Wall Street pro- TRAm ApChe DY) e coetione 3 R CanTa ool o 175 Roval Dutch (80%c). recent sessions. o fessional trading. Local offices are Am Bank Note pf (,) Corn Products (3) % 5% Leh Port Cement . It opened frregularly higher, wis, filled daily and standing room is at a| '3 Am Beet Sugar. . 5 Corn Prod pf (7). 1 Lehigh Valley Coal.. 28 Safeway swru 3).. firm all morning and made its best premium “during most of each day's Am Beet Bugar pf. 4 A 215 Lehigh Val Coal pf. . 80% SBafeway Strs pf (7). 120- prices in the afternoon, with only &: business. Am Brake ShaF 60c. 4 2 i 28 Cream of Wht ¥2%.. % 8% Lehigh Vally RR.. 18 €% St Joseph Lead. . | negligible selling off toward the close. Traders are constantly discussing the Am Can (4).. . g % 14% Crown Cork & Seal. . 3713 Lehman Corp (2.40). % St L-San Francisco. The President’s address to foreign na- Snreasedl dewadl for afecllihigher| Am Can pf (1) - 243 Crown C&S pf (2.70). Lekn & Fink (2).... x 10 1 8tL-SanFran pf. tions in advocacy of international peace improvement in freight car 4 Am Car & Foun 4 . 1 Crown Zellerbach... 3 3 Libbey Owens Glass. 240 2% Savage Arms... . was available early in the day, but dfd arger power output, gain in Am Car&Foundry pt. Y 9 Crucible Steel. . Liggett & Myers(15) % Schulte Retail Stor not seem to have much effect at first: sales and corporate earn- 4 % Am Chain.... 16 Crucible Stec] pf. Ligg & Myers B (15) . 3% Schulte Ret Stor pt reading. ings, as well as the broad price ad- Am Ch.cle (13) 3% Cuha Co. 2 % Laly Tulip Cup (1%) 28 Bcott Paper (1.40). A L.g" however, the constructive chaf- vances in wheat, cotton and other com- Am Colortype. . 21 Cuba R R p Lima Locomotive. % Ssaboard 415 LD * acter of the action was more clearly ioaition Am Comell Alsoholl: h 11 Cuban-Am Sugar. ’ % % Seaboard Air Line pf eelised ant. beobobly Nad = suod desl However, local investors and specu- A.n Encaustic Tiling 10 “uban-Am Sugar pf. e el to do with the strength in stocks. - lators are said to be cautious in what 7% Am European Secur. 5 3 209, Eudlh)’ Packing 2%. 4 5 Loews Inc pf l.‘}i).. 1% Seagrave Corp. Commodity prices were irreguldf’.’ they buy. In 1929 it was claimed that 2 s Am & Foreizn Pwr.. i 63 “artis Publishing. .. Loft Ine. .. . 12% Sears Roebuck.... * | Wheat closed 35 to 54 lower and cotton any trader could throw a paper wad at | Am&Forgn Pw pt(6) 6 18% 80 CurtisEublishing pe ; i Long Bell Lumb(A). 4 3 1% Becond NatInv was unimportantly changed in the lal the quotation board, note what it hit, Am & For Pw pf (7). A e CIRE WEIRDE 4 Loose- Wiles Bis “ % % Seneca Copper. afternoon, The dollar rallied abroa buy that stock and be certain to mnk‘ 6 % Am & For Pw 2d pf. 4 5 2 Curtiss-Wright (A). 5% + 9 Lorillard (P) (1. !0). 38 1% ServelInc....... 3 so that neither the market for s!lDl’u money. But nobody is using those tac- Am Haw Stship (1).. 2 224 cutler Hammet . % Loustana Ofl....... 2 2 ? RiF Biacom BlCeR Moy nor the foreign exchanges could have, tics now. Shades of the past are still Am Hide & Leather.. % + % of (200). : Loulsiana Ol pf..... 208 7 2% Sharp & Dohme. Ibeen responsible for the better feeling 100 vivid, Caution is the word. i Am Hide & Leath pf. i 3% Dels & Hudson. 6 62 Lou Gas&EIA (1%). 18 21% Sharp & Dohmepf(3) 1 jin_the stock market. But that wide market interest has Am Home Prod (3) 4 1% 7 9 . B lesviek Bk .. 1 % 8% Shattuck(FG) (24c). 16 The two outstanding points of developed here in the past two months 4 3% AmIceCo.... : ’ 2 2 5 i L L Eael e 114 Susuwexnwpoy (X 108 I:trenglh were Allied _Chemical and, Shell Union Oil. . 4 American Telephone. Directors of is unmistakable. The stock ticker is 3 Am International. Y % 48 Detroit Edison (4)... 4 McAndrew Forbnu) 1 4 Yery much back in the limeligai. The Am La France&Fom. Diamond Match (1). Y% 5 13 McCall Corpn (2).... 3 2:‘,: ) Oinbe oot e 2 ton Stock Market has caughi| 2! Am La Fr & Fom pf. 3 i % Diamond Mach f 1% A 2 McCrory Stores B... 2 Stmmons Co... 31 of revival and it, too, is en- % Am Locomotive. 4147 % 2 Dome Mines (1.55).. . 215 McCrory Stores pf. 9 o ;{(’:m'(;;"flmflm s {latter rmeet tomorrow for dividend |action. General Motors resumed advance and special strength was shown by the sugars. L v RSN E N NE L ~ 4+ A+ 14+ & FIEFEF + o4+ RE E XEER “new deal” in investment Am Mach&Fdv(80c). 6 Dominion Stores 1.2 5 1 % 18 Mclntyre P M(t1%X). 5 & 57 ‘Am Mach & Metals. . 5 3% 51, Doug Alrcraft (75¢). McKeesport T P (4) 22 Skelly Ofl pf ww. 1 33 331, 3 Am Mach & Metct. .. 3 E Dresser Mfz (A).... 5 McKesson & Robb 1§ Blony Snef Steelif.. 280 2 Wholesale Trade Picking Up. 5 5 2 Am ueui C?‘ . ¥ 8 l'n)ressll‘rlSR!MleB) 5 % McKesson & Rob pf. G’- g:‘c‘g:;l:“cc"::; 3 Markets atia Clance The Federal Rescrve Bank of Rich- '3 Am Metal pf. 2 4 rug Inc (3)...... McLellan Stores. e s C mond reports that wholesale trade is 4 Am Power & Light o % Dunhill Internatl. 2 2 333, 2 Mack Trucks (1) i:';:‘ Selpinnrwin g better than seasonal, with the demand 9 AmP&L35DE (1%). % i Dupont de Nem (2 B 4 24% Macy (RH) & Co (2). e iy g h for clothes, cotton and hardware great- | 2 9% Am P&L $6 pf (1%). % 9715 Dupont deN b pf(§) 3 4 102 4 Madison Sq Garden. . e St Rt e " x NEW YORK, May 16 (/) —Stocks ly improved. Retail and wholesale % 4% Am Radiator.. Duquesne Lt 1st (5). 34 Magma Copper 51//: szfl{:“" EH::, i strong; specialties climb. Bonds steady;, prices are developing an upward tend- 5% Am Rolling Mills, 2 Ton Bastern Roll Ml Mallison & Co. 2 . & Bo Ry!;ankouu’un) kot %) German issues rally. Curb strong: ency in the fifth Federal reserve dis- 20% Am Safety Razor (3) Eastman Kodak (3) Mallison & Co pf.... % Somcha Witht . 2B | utilities join rally. Foreign exchanges trict, the report adds. 214 'n Am Seating 3 Eastman Kod pf (6) . 3y 4 Manati Sugar....... 2408 , x S:::r:(‘:’: ngton. . = jeasy; sterling sags. Cotton barely So far in May employment has been i Am :2:13 b& g:;n = Eaton Mg Co. ... Manat! Sugar pf 7% Spencer Kellogg (60¢) b 1 steady; general selling; higher cables. better than it was in April, numerous A e ’ Eitington-Schild. A 214 SPOTTY COTD..seress 166 Sugar steady; commission house buying, small plants having added to the pay 10% AmSm&Ref....... 4 Pleo Anto.TiTe: 9 : Manhattan Shirt by Coffee quiet; European covering. 15 Am Sm & Ref 6% pf. ine Midld (80 1 Splegel-May-Stern.. 2 5% rolls, while some of the larger_ones 2 S 4 Elec Auto Lite pf(7). i 9% A N ny . 13% Standard Brands 1). CHICAGO, May 16 () —Wheat low- have also increased their forces. Build- A Em e 2% 1 Electric Boat..... e e o 5 Stand Gas & Blec. . Pkl R g m“’ ing remains very slow. 42% Am Snuff (13%).. ... Elec & Musical Instr ) 8% Stand Gas&El pf (4) " €Tt ying. Coen easiefs To the south of the fifth district 3 4% Am Steel Foundry. 3 Elec Pwr & Lt : K Marmon Motor Ca It b . clearing weather. Cattle, strong to 25 Atlanta says that both trade and pay 75 Am Steel Fy pf (2) X Elec Pwr&Lt § 3 4 2 Marshall Field & Ce. o g::g g:::g;;::; G o higher: active. Hogs, strong to 10 Tolls increased substantially last week, 30" Am Stores (12%) 3 3 Elec Pwr&Lt 87 pe. - o 193 Stand Of1 of Cat (1) .. : TghiersStoss o 15 hundreds of unemployed having re- | il e s 4 Elec Storage Bat (2) 6 E . et 9214 Stand Oil Exp pt (5). S R ceived jobs. Leading department stores m SUEArD 2 Elk Horn Coal % . iy Den % 224 Stand OIINJ (1).. Bank Directorate Reduced. o) St S 6 Ani Sumatra Tob N 4 Endicott-Joh: T Maytag Co. . e ihe rfif.\-'m‘gm,‘i,“&&gefii' Seing 861% Am Tel & Tel (3) 4 B ey, a7 9 + Melviile Sh = 13 i focox (8) NEW YORK, May 16 (®).—Stock- especially notable in automobiles and 490 P Am Tobaceol(B)c- oo u 5% Eng Pub Sve of (5).. AMengel Co. Wt e Lol 5 | holders of the Chase National Bahk furniture. Eisf 0% Salm Tolmcco (B)I(0) - o : 39 Eng PSpf ww (534). MangdlCoVE % tSter W have voted to reducc the number of In its weekly review covering the 12 10238 Am Tobacoo BE.(S) p 5 Eng Pub Sve pt (6) esta Machine(60c). % Sio s Wenit: directors from 72 “to not more than Federal reserve districts, the New York 4 4% Am Type Founders 10 ErleRR.. Misu GRS, o= 13 Studenak S . 36 Albert H. Wiggin, former chair~ Tim e iminor business| 324 10 Am Type Fdrs pf L : s Mid Continent Petm. g oo ¢ man of the governing board, who gave Boam" a5 I(nrsproar En virtually e?eryl 10% Am Water Works(1) 258, 22 4 23 Erie RR 24 pf : 3 Midland Steel Prod.. % satoniny. s 9 up his official connection with the bank section of the country. The summary 9% Am Wat WES ctfs(1) i Eureka Va Cleaner. . Mid Stl Prd 1st pf(4) 89 Sun Ofl pt (6) some months ago, was one of the re- 2dds that in several instances the . 35 Am Wat W 1stpf(6) 4 Evans Auto Prod. ... Minne-H'well Reg. 734 Superheater (50¢) . 4 : tiring directors. standard indices have turned upward| 1L% 3 Am Tecten.. Exchange Buf (23¢). im0 Mot Eons % Superior O1l. . % 2 s SRR e and crossed the downward lines of | 495 #0 AT ol pper e Fairbanks-Morse of. - 5 i MS(P & SS Marle 2" Supertor Steal. - U. 5. TREASURY BALANCE. 12 months ago and in some cases have Fashion Park Asso. . 2 N S 1 . Sweets Coof Am. advanced even above the levels of the Fg :;‘"_f,{:gfc'j’m} Lot A 2 MStP&SSM _ % v Symingten ..o - By the Associated Press. Summer of 1931. | A Whesel A Federal Mot Truck. . ‘ Mo Kas & Taasict S1a Telautograph (1) Treasury receipts for May 13 were The recovery is based principally on 84 Anchor Cap (60c) . 2 Federal Screw Wks.. 9 A CAOhEIERSIBE . oot 1% Temmessee Corp $3.872,827.73; expenditures, $18,501.- the stiffening of prices, which, the re- 6213 Anchor Cap pf (6%). : Fed Water Service A : : Missourt Pactfic pf.. 10% Texas Corp (1) [ 1142, elance, i3 suemne UK view says, Is regarded as bidding fair Gt ArcherDanielsf1)s: 9 Fed'd Dep Stra(60e) . | 12 Mohawk Carpet. 15% Tex Gulf Sulphur(1) 221 7,| foms dutles for 13 days of May w- to become permanent, with the pos-| 73" 1™ Armour of Del pf(7). Fidelity-Phoen 1.20. . 3 3 Monsaiito Cham 15 - 1% Tex Pacific Coal&Oll. 3 . | $9.541,006.67. s:brxihc.v of a managed currency infl‘lfllign 4 1% Armourof Ill (A). 3 Firestone ;:Jrz‘u:c‘)). 5 &« Montgomery Ward. . 313 Tex Pacific Land Tr. 24 7 ! = and with credit expansion already| g, : 3 Firestone pe( X o (2). 5 Thatcher Mfg Co.... 3 under way. Additional factors are long- 4 o e First Nat Strs (233). 91 Morren e Y ; . T haane . ! General Motors Expands. delayed buying of goods by individuals ' Arnold Constable.... 1 Follansbee Bros. .. 4 » Motor Meter 1 Thermoid Co. 48 3y «| WARREN, Ohio, May 16 ()—Pur- and the small inventories of retailers | 2 R mICHTO " 3 Foster-Wheeler Aotar Prodnctss 4% Third Avenue chase of the Suniight Electric Co. of in almost all lines, : A I 0 7 Foundation Co. Mot Whotl 6% Thompson (J R) (1) 9 ¢ - Warren by the General Motors’ Cor- o 3 ry Goods. 3% % Fourth Nat Inv 1. Mullins Mfg. . 5% Thompson Products peration in a deal involving approxi- Road Eerns $3.45 a Share. T Rt 4 Fox Film (A). Mullins MfE of 4 % Thompson Starrett. . 2 2 mately $1000,000, has been anncunced Western Maryland Railway has is- | 6% Associated Oil. 3 o| 31% Freeport-Texas (2) Munsingwear Inc. 3ia Tide Water Asso Ofl. by John B. Estabrook, president and sued its pamphlet report for year ended | ayz. sqsc Atomison i 13 o s s - : I 2315 Tide Water Assoc pf. 1 | treasurer of Sunlight. December 31, 1932. General balance A RSO T : —_— T P & 135 Timken-Detroit Axle The ale will be as of June 1. shect as of December 31, last, show: 161 Atlantic Coast Line. . + % Gaawell CoL. " 114 NaaliMotar . 18% Timk Roll Brg (.60). B S total assets of $175,801,583, comparing 4, Atl Gulf&West Ind T Gon A Thvedio 1 < , 13 NashChat& . 6% 2% Transamerica Corp.. 66 ; with $175,322.,701 on December 31, 4% Atl Gulf&W Tnd pf.. 27 \13% Gen Am Transp't(1). 7 2% Transue & Wililami NEW YORK BANK STOC'\ 1931 _and profit and loss surplus of | 51" 123 Atlantic Refining(1). 207 13% 4% Gen Asphalt = | .6 2% Tri-Conul Corp. : (s $22.157.149, against $20.385.879. o Ao PowdeE ; . T 13 GeaTaciar 3> 204 Trico Products(2%). i Income account for year 1932 shows 60 Atlas Powder pf (6). % 2y GanDranse L 2 3 2 Truscon Steel. NEW YORK. May 16 (#) —Over-th. net income of $612.892 after taxes and 4 31% Auburn Auto (2).... 3 4% 1% Gen Cable.. i h 5% Twin City Rap Tr pf. 10. » | counter market: charges. the same as reported in pre-{ °g 74 Austin Nichols 2 g 9 2% Gen Cable (A) N 3 17 1% % Ulen&Co...... io.s as of 2 c'clock) liminary report, equal to $3.45 a share 515 Aviation Corp (Del 2 1 181 6% Gen Cable pf. 9% Und-Ell-Fisher (50¢) | NKS. Bid Asked on 177420 shares of 7 per cent first | ——— 2 tmrmen 2l 3 40 29 GenCigar (4)...0us 1 51 Unfon Bag & Paper... Ty - B b preferred stock on which no dividends | 9% %3 Baldwin Locomot. 21% 10% Gen Electric (400)- - ; Foboihetin 19% Union Carb &C (1).. 85 34 5 e been paid. This compares with| 3 %4 Ba 5 ; + o ofpmeing oepanalg o ; : 8% Un Ofl of Calif (1). 012, gt. ga}l:mor::g::z-‘;i Gen Foods (1.60). % + Nat Steel (50¢) 2 61% Union Pacific (6).... preferred stock in 1931. e e % B- ‘l:"“" £ (638). A 4 Gen Gas & Elec (A). ! Nat Supply Co. % 10% Union Tank Car 1.20. Income account for year 1932 com- el el s A 314 Gen GRE 6% cvpfA. N v 16% Unit Afrcraft. .... 3 3 s as follows: Tl s 6 o 4 35% Gen Mills (3).... 5113 Unit Afrcraft pf (3). LI s D ey 98 92 Cun Mills pf (6) 1 . 0 131, United Biseult (1.60) x as ‘ B ntiien Trust () 245 10 Gen Motors 1) 9 2 Neltner Eivthers: 103 Unit Carbon.. . “ entral hanover (7%} ‘ 8 65% Gen Motors pf (5).. Nevada Con Co, 3 ‘ nit Corp (40¢) emical *(1.80) : e ‘C‘;,‘:g‘f‘;% g 3% 215 Gen Outdoor Adv.... gty % Unit Corp pf (3). Ez‘;,',“"{,{‘c'flull .‘23 5. Eie. ] L 8 5% GenOutdoor Ady (A) : N Y Centrat. Unit Dyewood... .. R e A : 314 Belding. Hemingway &2, GenublloSeruice. N Y Chicago & St L. 2 Calt Dyewood pf(7). 108 85 Gutrznty 30 $3.71 2 ¢ 3 H 0 % Cen Ry Signal (1)... NCChi&StLpf.... Ji . % i b 11 S B 4 BeiGxAviate 1% % Gen Realty & Utfl., N'Y fnvestors.ssias e ’ .5.-,,3, .:.1(‘{““?% te 13% 2% Gen Refractorfes. N Y N H & Hartford. i -20). G (O 3?;’;'52'.'5"5";'.1‘.". h 20% 9% Gillette Saf Raz (1). NYNH&Hartpf.. 17 Unit Gas&Im pf (5). } Taited Btates” (5) Blaw Knox. 3% % Gimbel Bros. 4 N Y Ont & Western. . . Unit Plece Dye Wks *Includes extra. 3" Bloomingdale 65 o alraniciss e N Rallwayapf.. L Merger Move On Apace. . Le en Co pr pf (7). N ¥ Shiobldg (10€). Serges s Monr o . gg:‘;e:‘(‘:‘;“"‘l%g‘:‘ 7 10% 3 Gobel (Adolf).. 31 N Y Shipbldg pf (7). LR Cen e o £ INVESTMENT TRUSTS Plans were being pushed forward| 35 Borg Warner 21% 12 Gold Dust (120). 80 N Y Steam pf (6).... 7 USFreight......... again today to merse Al east Ioucidi| 13 6 Bostonsbuine { 13 '3 Goodrich (BF).. 17% Noranda Min (a1.10) S Gypsum (1) T the local closed banks, matters of detail Botany Con Min (A) ‘i — %| 3% 9 Goodrich (BF)pf 2 3 Norfolk Southern. S Hoftman. .. ‘ NEW YORK, May 16 (f).—Over-thé: Beeehing @ wies snei el o Briggs Mfg C 2 33% 9% Goodyear Tire&Rub. 146 1113 Norfolk & West (3). Ind Alcohol % | condtes Mmathet: trict Naticnal, Federal-American, Poto- B;lgnM“smg;fi:r;- $41 27% Goody'r T&R 1st (2). 8315 T4 Norf & Westn pf (4). Leather. . £ 3 } i e S mac Savings Bank and Washington BNl Tilon Gaa (5), 15% 7% Gotham Silk Hoslery 8 4 North Am Aviatiom.. lieather (A). Cotilain it i Savings Bank are still expecting others Shimiyn DAGHO e PAlES e e PipeaFdy (506) to come in, but are pressing forward s Brown Shoe 3). sl pales their own plans to unite, regardless of Brunswick-Be Grand Unfon. . 32 North Amer pf (3).. what any other banks may decide . Bruns Term & Rwys. ST o 48 North Am Ed pf (6). | Bucyrus-Erle. ... . 3 . to _do. Great Northern pf. 9% Northern Pacific. .. = -] 26% Northwest Tele (3).. Reorganization officials of the Poto- g:‘g:z:g‘;:: = :’;) . 539y Great NoFthérn Ore. y - Great West Sugar. % RO : 114 Norwalk Tire & Ru mac Savings Bank and the Washington i~ Budd (E G) Mfg Savings Bank conferred this forenoon e S8 % Grigsby Grunow AIORION e Bullard Co..... 3% Oliver FEqprpfA.. with officials of the other banks in an effort to work out the main points to e be embodied in the next letters to be B o 2ol 2 1% Gulf Mobile & North. e O sent to the stockhclders and depositors | 12% 2% Gulf Mobile&XNor pf. 181 10% Otis El.\’l!ol’(‘k)a. 6% 14 Otis Steel... i 4 Bush Terminal. L of these institutions, the amount of new | ¢ PG 5 21% 6% Guif States Steel. 19% 2% Otis Steel pr pf. 75% 31% Owens Il Gla cap::lal to Tbe_ ramed ‘bemg the chief s Butterick Co. . R e Dh R eaE P rtiomate to. he Sibe of the hyo panis,| 21% 8% Byers (AM). 3% 215 Hamilton Watch.... 8 oree W, Offuit reprasented the Ptos | o4 30% Byers (A M) pt (2) 18 15 Hamilton Watch pf 31% 20 Pacific Gas & KI (2 mac_Savings and Thomas E. Jarrell[ 19'% Californta Packing o cga g:::‘a':: ;‘l%v e 5% Pacific Lighting (3). the Washington Savings at today's con- K 1% Callahan Zinc & Ld . Ty sg ;:::::TM::Z'*; 5 1% Packard Motor Car.. % Panhandle Pro&Ref.. et & Hecla. ference. o = 3 % Hartman Corp (B).. 5% Panhandle P & R pf.. (e .”{f’f-li’ FELT T F L4044+ ot FEF $1,011.012 FEEEE Am Bauk Stock. Bul.ock Pun; Cumulative Tr ‘Sh Corporate Trust .. Corporate Trust ‘AA Corp mod B I I O ¢ SRFERSE E Tl l++++10 s aacaaaccaga wnuannnzn I ++4 FEEFEFFESNEEFR FERFLEE FFL 3 Smtg&Ref pf 3% +4 b U S Tobacco (4.40) United Stores (A). Univ Leaf Tob (2). Univ Leaf Tob pf(8 Univ Pictures 1st pf. Univ Pipe & Rad. Univ Pipe & Rad p! Ul Pwr& Lt (A). . % Vadsco Sales Corp. % -9 Shver-o ‘E.'?n’x . % Vanadium Corp y 5 Super of Am Tr AA. 1% Van Raalte.... % ) 2 Vi N ++ FhEEh A EEE REET ¥ OF L The name for the new consolidated | Campbell-Wyant institution has been placed before Canada Dry G A u) 2% 51/. gu! Corp (lt\). . Treasury offcials for approval, with | 4 Canadian Pacifle.... - e o early action expected. The new bank | Cannon Mills (1) i 9" el must have a name that is in no way ¢ Capltal Admin (A).. SIN- 60 Helme GW) like that of any other bank in the city i 3013 Case (JI) Co.. % 1?; ’;}"’“}”P" i q and cannot be similar to that of any Case (J 1) pf (4).. 27 ercules Powder 13 ; % Parmelee Transport. bank that has operated here in the 4 Caterpillar Tractor. . 6% &5 Hactlepowniil: % Pathe Exohang past. Numerous other rules governing | % C anese Corp. 5 5;% ag& fi:{,’,“,.',’;’.’,‘::.‘:." m ;.::u E;‘ehlnn ). 1i i i elotex Co. = atino Mine: new names complicate the situation. | . 1 %] 205% 145 Homestake M(110). ot St et oy Today’s Trading on Exchange. i Celotex pf. + % lé'/v: :% g°"g';}}= fl:{:{,‘}fi}‘ 19% Penney ;:CC) (‘uc). hi 2 ¢ Cent Aguirre (134) + % ondaiiie b 90 Penny (J C) pf (6). loyés o‘:m&g »Gvaasshisxf'gml:ss'zos&]dz; | Century Rib Mifts. 3 + | B1% 44 Househd Fin pf 4.20. 3 Penn Dixie Cement.. change today. The new Gas 5s, 1958, | Cerro de Pasco. . +1%| 22% 83« Houston Oil. . 13% Penna R R (50c). came dut at 86 in a $500 sale, The Certain-teed Prod. s s ot 41% Peoples Gas Chi remaining trading was in the stock de- 3 Certain-teed pf...... % 19% 5% gnvdve So}\;ndglnfln 3% Pere Marquette. partment, Lanston Monotype changing | 207 Checker Cab Mfg.... +2% ‘g“‘ 1;"’ e o 4% Pere Marquetta pf... hands at 45 and Potomac Electric | % ‘hes & Ohlo (2%) . ] e e 6 Pere Marquette pr pf Power 514 | pex cent preferzed a6 10615 4 Chesapeake Corp (2) 3 +1sg) &1 % Hepy Motors. . oces 6% Pet Milk..........c. Washington Chapter of the Nationai | 2 Chi & Eastern 111 pf. 20% 8% Illirols Central. % Petrol Corp of Am Association of Cost Accountants will % Chi Great Wester; 28% 16 Illinois Central pi West Pa Pwr pf (6). hold its monthly meeting tomorrow b 4 Chi Great Westn pf.. 41 31 IllinoisCentll (4).. 7 92 West Pa Pwr pf (7). evening at the Mayflower Hotel. George Chi Mil St P & Pa 1 Indian Motor Cycle.. 2 % 5 : e 2% Western Dairy pfA.. A. G. Wood, president of Morningside Cht Mil StP & Pacpt. 7 4% Ind Motor Cycle pf.. 1% Ehosits ¥osl 7 % Western Dairy pf B. . Laundry Co., formerly of the Washing- Chi & Northwestern. 2% 1% Indian Refining..... 1 2% 5 % sy iy EEY o 4 Western Maryland. . ton Gas Light Co., will discuss “Execu- Chi & Northwest pf.. Industrial Rayon (2) e oh tive Control and Financing Through Chi Prisumatle Tool, Ingersoll-Rand(1%) e L Western Pacific. . Proper Financial Statements and Their ¥ Chi Pneu Tool pf..... Inland Steel. . 29 % = S 1% Western Pacific pf. 7 5. Correct Interpretation.” There will be Chi Rock 1& Pac. ... Inspiration Copper. . 10 Plkta ol Bl oot B 17% Western Union. . Nafl e’ Fipe Go a short b Chi R1& Pac 6% pf. Insuranshrs Del 15c. % +80c @ June 15 A B S CRIR 18 Pac1% ot it Eas ren 115 Pltts Serew & Bolt 15 Westingnouse Hlee. 1751s 38 pmmm e 8 8 e fore Mr. Wood's talk at 8 o'clock. Chl Yellow Cab (1).. I Intercontl Rubber. 60% Westinghse 1st (3%) 60s 78 == The New York City Bank stock mar- Chickasha Cot 0(1). ket registered a decline during the past Chilas Company . week, the aggregate market value of the Chile Copper... ... 16 leading issues, as compiled by Hoit, Chrysler Corp'n. Rose & Troster, ending the week at T% City Ice & Fuel (2) $1.382,905,000, compared with $1423,- 45 ity lce&Fuel pf 63%. 608.000 at the close of the g % City Stores. week, a decrease of s40.70‘3;00‘,’r§;m2‘.l§ « 90 Cluett Peabody pf(7) Int Combustion pf... per cent. 7;% goin-Col;-';n (;) . = Int Harvester ums’)) - . ‘olgate-Palm-Poe! Int Harvester pf (7). Heard in Financial District. 3 Coing & Alkman: 6. e T o R i Richmond was one of only two 314 Colo Fuel & Iron. 1% Int Merchant Marine reporting cities in the whole United 16 Colo Fuel & Iron pf.. 6% Int Nickel of Can.... States which noted an increase in % 12% Colo & South 1st pf.. 160s % Int Paper & Pwr (A) banking clearings for the week ending 9 . Columb G&EI(b80c % Int Paper & Pwr (C). May 10 against the same week last 59 Columb Gas pf A(6. 2 Int Paper & Pwr pf.. year. The gain was 1.1 per cent. New , 6% Columbia Pict vte. 3% Int Printing Ink. ... York City clearings were up 3 per cent. | 55% +l% 35 Int Printg Ink pf (6) Baltimore clearings were off 35 per 11% +1% 4% Int Rys Cent Am pf.. cent 16 Comc’l Credit (A). 24% +1% Charles W. Brown has been appointed 18% Comel Cred pf (1%). vice president and general manager of 70 Comcl Cred 1st(6%). 9% Int Silver. the Western Maryland R. R. and E. R. 18% Comcl Cred pf B (2). 20 24% Int Silver pi ch‘-idgm.lmmc manager, has also been 18 Cfim:: In" '.l‘r'\lo::t (). 30% lm :2 {n:'l' ';!l El . 'made a vice president. Both have been 9 Comcl Solv (80c) nterstate Dept St... with the road for years. 1% Comwith & Southn. : 2% 25 12 Intersta Dept Stor pt, l.lOI 259& +1 3 Lttt A+ EFEFEFFEFEF FF Iy th++l4++) 1% Wabash RR . 1% Wabash pf (A). Mfi Wlldort System (1). Co. 2% erd Baking % Ward Baking (B) 11% Ward Baking pf (1).. 1 Warn Bros Pictures. % Warner Quinian... 2% Warren Bros. 7% Warren Broscv pf.. Warren Found & P.. Webster Eisenlohr. . Wesson O & Sn (50¢c) Wesson O&Sn pf (4). West Pa Elec A (7) West Pa Elec pf (7). 444+ oy 3EE +HE4 A - FEREEF LI & E NEW YORK, May 16 P).— Pay- Company. Rate. figd. abie. Reduced. 4 @ 25 @ e YT San Pran Rem Ln Assn Ltd ..... 62%c Q June 30 Regular. | Am Business Shrs...2c Q June 1 { Amer Factors Ltd.10c M June 10 haut Packing Co June 1 July 1 June 1 June 15 # esxs s0s¥ sFFex Frss o e ® BeluonneadRa June 1 3 June 15 June 1 B o S I S S S e S | FEE REFEEEFEF 1% Pitts Terminal Coal. % Pitts United Corp. 3% Weston Elec Instru.. 10‘5 thlo'rn EllnstA. “} Tank stock Guue FOR MAY 11% White Rock M8 (3). [| O g osueiive pureeimmers 1 White Sewing Mach. Free Upon Request 1% White Sew Mch pf. 5 2 Wilcox Oil & Gas. | George M. Ferris & Co., Ine. % Wilson & Co. . Washington Bldg. Nat. 5025 Interlake Iron. . Int Agriculture, . Int Carriers Ltd 20c. Int Cement. Int Combustion. V441 1+ 44 F 14+ +++ 8 Port Ric Am Tob(B). 4 Postal Tel&Cabl 7 Prairie Pipe Line.... % Pressed Steel Car. 3 Pressed Steel Car pf. 19% Proctor & Gam(13%). 97 Proc & Gamb pf (5). % Producers & Refin. .. FE FERFEFL ER EFEEFFERFEF et UTUR 13 P A EE Al We recommend 8 Worthington Pump. 24 : : 38% bub Sve N J (2.80) 3% 14 Worth'n PumppfA.. 3% 38 Paterson Brewing Company-: 68 Public Sve NJ pf (6) 32 14 Worth'n Pump pf B.. 32 % ' 89% Pub Sve G&E Dt (5). 17 6 Wright Aeronautical for speculation 13 Pullman Corp (3. 74343 Wrixiey (Wm) i3). B ablished bef: 6% 6% 6% 2 Yellow Truck. rewery establis ore 62 W Pnn Ofl Ff:r") ; . 0; 50 50 Civil War 17% 5% Purity Bakeries (1), 3 : 5 Detalls on onfts Products .. . A. S. Goulden & Co., Inc., GHTS—Expire. % NatDist Po..May 39 99808 24 o pcrsis iz KA. 300y, I ] @ EF FE FREFREFEFEEE Pattt +++1++++ 441 A PEeR saxses sax =32°