Evening Star Newspaper, May 22, 1933, Page 14

NCTAL. ISTOCKS IN RALLY AS MARKET CLOSES Fractional Advances Scored After Day of Irregular Price Movements. EVENING _STA THE NEW YORK STOCK EXCHANGE Recelved by Private Wire Direct to The Star Offiee. FINANCIA FEDERAL RESERVE | TRANSACTIONS ON EARNINGS INPROVE|—— % 65 17% 10% an 11% Today's Sales Add 00. High. 4“ % 15 Today Sales Add 00, High. Low. Close. Chge. 239 12% 123 + 28 - 708 Today's Todurs les . High. 2 2% Net. Low. Close. Chge. U 2% — % 6% 2% - % “ Stock and Dividend Rate. 8t L-San Fran pf Savage Arms........ Schulte Retail Stores 4 Seabosrd Air Line. % Seaboard Alr Line p Seaboard Ofl Del §0c. Sears Roebuck. Seneca Copper. Servel Inc. .. Sharon Steel Hoop. Sharp & Dohme. . Sharp & Dohme pf(2) Shattuck(FG) (24c). Shell Unfon Oil...... Shell Union Ol pf. Stmmons Co. ... Simms Petrol; Skelly Ofl Skelly Ol pf ww. Snider Packing Secony Vacuum Net. Stock and .. Dividend Rate. 49% Ligg & Myers B (15). 13 Lily Tulip Cup (1%). 10 Lima Locomotiv 6% Link Belt (40c). 10% Liquid Carbonie. 815 Loew’s Inc (1) 35 LoewsIncpf (6%).. 1% LoftINC....ccoveens 15 Long Bell Lumb(A). 19% Loose-Wiles Bis (2). 10% Lorillard (P) (1.20).. 5 Louisiana Ofl....... 31 Louisiana O11 pf..... 13% Lou Gas&El A (1%). 21% Loulsville & Nash... Ludlum Steel. 5 McCall Corpn (2). ... McIntyre P M(11%). 3 McKeesport T P (4). 22 McKesson & Robbins J 4 McKesson & Rob pf.. 6 Net. Low. Close. Chge. Stock and Dividend Rate. Contl O1l (Del) Corn Products Corn Prod pt (7) Coty Inc...... Cream of Wht t2%.. Crosley Radio....... 60 Crown Cork & Seal... 121 Crown C&S pf (2.70). Crown Zellerbach. 35 Crucible Steel. 4 2 Crucible Stecl pt A% 4% . 1933~ ~Prev. 1033~ . Low. High. Lo - Stock and Sales ~Prev. 1033~ Dividend Ra Add 00. High. High. A . 3 kA &4 39 45% 8 145% 117% - % 5% 33% Adams Millis. 51% Addressograph. 1% Adv Rumley. 7% Affiliated Prod 1.20. 74% 474 Alr Reduction (3). 18% 11% Alaska Juneau(60c). 3% 1 Albany Wrap Paper. 2% % Alleghany Corp..... 5% 1 Alleg Corp pf $30ww 4% 1% Alleg Cp pf $40 ww 2 16% 5 Aileghany Steel. 2108 151% 15 1044 70% Allied Chem & D (6), ,133 101% 98% 121% 115 Allied Chem pf (7)... 1 119% 119% 16 6 Allls-Chalmers Mfg. 26 14% 13 15% 5% Alpha Port Cement.. 1 14 14 4 % Amal Leather.. 31, 34 18'2 Amerada Corp (2). 34y 7% Am Ag Chem (Del)™ Gross Return for Last Year Was $50,019,000, State- ment Shows. = It = & +1% - % % - % +1 S BY GEORGE T. HUGHES, Special Dispatch to The St: NEW YORK, May 22 —Stocks rallied at the close of today's session, after & series of narrow and irregular price movements. Most of the time quota- ticns were below Saturday's finals, but inx: ttkel; end fractional advances predom- ated. BY EDWARD C. STONE. Gross earnings of the 12 Federal Re- serve Banks in 1932 amounted to $50,- 019,000, or $20,318,000 more than in 1931, and were the largest since 1929, according to the Federal Reserve Board. annual report, just made public. Cuban-Am Sugar. Cudahy Packing 2%. ~artis Publishing. Curtis Publishing p! 3 4 s 4 1% Curtiss-Wright. 231% 2 Curtiss-Wright ¢ 2614 1% Davega Stores...... 614 Deere & Co pf (20c).. 4% 374 17% After deducting current expenses of $26,291,000—somewhat less than for the preceding year—reserves for deprecia- tion on bank premises and reserves for losses, self-insurance, etc.. there re- mained net earnings of $22,314,000, of which $9,282,000 was paid to member banks as dividends, $11,021.000 was transferred to surplus and $2,011,000 was paid to the United States Govern- ment as a franchise tax. Dividends of the St. Louis and Dallas Federal Reserve Banks were paid in part out of net earnings and in part from surplus. All other Reserve banks, including the Richmond Bank, had sufficient net earnings to pay dividends in full The Chicago Federal Reserve Bank paid a franchise tax to the Govern- ment of $1,091,513, the Cleveland Bank $832,745 and the Minneapolis Bank $87,158. A reserve of $8.158,000 for depre- ciation on United States bonds, which: was charged direct to surplus on Decem- ber 31, 1931, was returned to surplus before the books were closed at the end of 1932, bringing surplus of the 12 banks cn the latter date to $278.599,000. During 1932 the number of member banks decreased from 7,246 to 6,816, a net reduction of 430 as compared with 8 net reduction of 804 the year before. Maryland Banks Plan to Reopen. ‘More Maryland banks report definite plans and progress toward getting re- opened on 100 per cent schedules. The Talbot Bank and the Farmers & Merchants' Bank, both of Easton, in Talbot County, and the St. Michaels Bank of St. Michaels, in Talbot County, have announced plans for immediate reorganization which will enable the three institutions to open cn a 100 per cent basis. The reorganization plans, which provide for strengthening the ‘banks’ capital structures, have received the approval of the Maryland State bank commissioner. Depositors of the Towson National Bank of Towson, Md., have been in- formed of a reorganization plan, which has received the approval of the con- troller of the currency, and which will permit the bank to reopen on a 100 ger cent basis, following its adoption ¥ the stockholders and depositors. Junior Bankers Attend Outing. ‘Washington Chapter, American In- stitute of Banking, was largely repre- sented at the field day held at Colling- wood Inn, on the Mount Vernon Memo- rial Highway, Saturday afternoon and evening. The affair was in honor of Richard A. Norris, retiring president of the local chapter. It was a great day for him. He finally lifted the burden of chapter responsibilities to the shoulders of Robert H. Lacey where they. are now Testing. It had been intended to hold a meet- ing of the boards of governors and transact a lot of extremely vital busi- ness. The outdoor atmosphere proved too alluring. Sports and the dinner got- most attention. The annual re- ports were placed on file to be closely studied on some rainy day. ‘The chapter members are looking forward to the Chicago conventicn. It s announced that Mayor E. J. Kelly of Chicago will welcome the delegates. Another speaker of note will be Fred 1. Kent of the New York Federal Re- serve Board, who is also in charge of the national control of foreign ex- change. J. S. Bache on Exchange 50 Years. In the Washington office of J. S. Bache & Co., in the Washington Hotel, is a copy of an interesting letter writ- ten in Chicago. Congratulations have Jjust been forwarded by Paul H. Davis, President of the Chicago Stock Ex- change, to Jules S. Bache, who has been a member of that organization for half & century. Mr. Davis’ letter follows: “On the occassion of your fiftieth an- niversary as a member of the Chicagn Stock Exchange, I wish to extend to you on behalf of the exchange, its officers, and its members our congrat- ulations and best wishes. ““Your 50 years of continuous service with this Exchange covers nearly its entire life, as the Exchange was organ- ized only a year prior to your election to membership. We are pround of your record and hope you will enjoy many more years of happiness and cussecc.” It will be recalled that Mr. Bache visited the Washington office when it was opened. He also has been a mem- ber of the New York Exchange for years and makes his headquarters in Wall Street. Today's Trading on Exchange. The week’s trading on the Washing- ton Stock Exchange opened today with $500 Washington Gas 6s, series B, sell- ing at 103. ‘Washington Gas 5s, 1960, came out in 350(‘7 and $1,000 denominations at 10215, Washington Gas Light 5s, 1958, moved in a $500 turnover at 87 and| $500 Washington Railway & Electric 4s changed hands at 85. The final bond sale was $1,000 Poto- mac Electric Power Consolidated 5s, | Which brought' 10215, Stocks were neglected today. The only sale was in Potomac Electric Power 51; preferred, which registered a sale at 106%2. (3 Heard in Financial District. William D. Hoover, president of the National Savings & Trust Co., has re- turned from a short visit with relatives in Huntington, W. Va., his grandchil- dren being one of the big atrtactions. The Reconstruction Finance Corpora- tion has purchased preferred stock in the following banks: Paintsville Na- tional Bank, Paintsville, Ky, $100,000; First Naticnal Bank in Joliet, Joliet, TN, $200,000, and the Waterloo Na- tional Bank, Waterlco, Iowa, $60,000. The purchase in each instance is con- tingent upon sale of an equal amount of common stock by the bank. The interior of the Bank of Com- merce & Savings at Seventh and E streets has just been entirely redeco- rated. The officials are receiving many congratulaticns on the bank’s fine ap- pearance. SILV};B QUOTAT&ENS, NEW YORK, May 22 (#).—Bar silver quiet; unchanged at 33% Mound Resembles Man. An Indian mound in the shape of a walking man, near Baraboo, Wis, is believed to be the only pre-historic effigy of its type. The mound is 214 feet long. It is thought to represent an Indian god. 4 BALTIMORE STOCKS. Special Dispatch to The Star. BALTIMORE, May 22.— Bales. STOCK! Last sales. 360 Arundel Corporation .16 120 Black & Decker com. 9 P Tel Balto ptd. . 153 Consolidated Gas com 70 Con Gas 07 cum prd D11 865 Houston Oil pfd vic 635 Maryland Casuaity Co Mt Ver Woodberry Miiis pid. ! 21 12% 9% 32 17% 22% 82% 6% 30 72 21% 64 T4 5% 14% i 26% w 8% « 3 . Contl MOtOrSss veasnr I, 58 8 Am Bank Note. 34 Am Bank Note p: 1 Am Beet Sugar. Am Beet Sugar pf Am Brake Sh&F 60c Am Can (4).. Am Car & Foundry. r&Foundry pf. Am Chain. ... Am Ch.clé (13). ‘Am Come'l Alcohol. Aun Encaustic Tiling ‘Am European Secur Am & Foreign Pwr. Am & For Pw pt (7) Am & For Pw 2d pf. 4 Am Haw Stship (1) 4 Am Hide & Leather. . Am Hide & Leath pf. Am Home Prod (3)..x Am IceCo.... Am International... Am La France&Fom. Am Locomotive.. 17% Am Locomotive pf. 8% Am Mach&Fdy (80c 1 Am Mach & Metals. . 31 Am Metal Co. 153 Am Metal pf. 17 Am News (1%). 4 Am Power & Light.. 9 AmP&LS$5 DL (1%).: 97 Am P&L $6 pf (1%) 4% Am Radiator. .. 5% Am Rolling Mill 2014 Am Safety Razor (3) 10% Am Sm & Ref. 2% 91 4915 6a 15 1% 37% Am Steel Fy pf (2). 30 Am Stores (12%) 43% 2114 Am Sugar (2). 14 53% 1 101% 101% 16 1% 11% 208 109% 106% 2 7% 16 61 9% TT% 3 112% 112% 115 15 24 234 50% am Tobacco (B) (5) 102% Am Tobacco pf (8) 4% Am Type Founder: 10 Am Type Fdrspf.... 10% Am Water Works(1) 91 Am Wat Wks ctfs(1) 314 Am Woolen. .. 22% Am Woolen pf. . % Am Writ Paper ctfs.. % Am Writ Paper pf... 130s 2% Am Zinc & Lead. 75 5 Anaconda Copper.. 814 Anchor Cap (80c). 62'2 Anchor Cap pf (6%). 41 Armour of Del pf(7). 1% Armour of 11l (A)... % Armour of 111 (B). 7 Armour of Iil pf. 1% Arnold Constabl: 2 Artloom Corp. - % Associated Apparel. 3% Asso Dry Goods..... 18 AssoDry G 1stpf... 6% Associated Oil 34% Atchison.. 50 Atchisonpf (5)....o 2 16% Atlantic Coast Line.. 18 12% Atlantic Refining(1) x 14: 9 Atlas Powder,...... 1 60 Atlas Powder pf (6). 31% Auburn Auto (2).... 7% Austin Nichols. .. 51 Aviation Corp (Del). 3% Baldwin Locomot..., 9% Baldwin Locomot pf. 814 Baltimore & Ohio. ... 9% Baltimore & Ohio pf. 68'% Bamberger pf (6%).. 3 Barnsdall Corp..... 3% 27 208 54 27 3 7 7 Beatrice Creamery. . 45 Beech-Nut Pkg (3).. 33 Belding-Hemingway. 62% Belg N Ry pt pf 4.09.. 6% Bendix Aviation 9 Best&Co... 10% Bethlehem Steel 25% Bethlehem Steel pf.. 314 Blaw Knox, 6% Bloomingdale Bros.. 210s 9% Bohn Alumn & Brass 18 Bon Ami (A) (15) 1 Borden Co (1.60) Borg Warner. Briggs Mfg Co. Bklyn Manhat Tran.. Bklyn Man Tr pf (6). 5 Bklyn & Queens..... 2 Bklyn Union Gas (5) . Brown Shoe (3). Brunswick-Balke. 3 Bruns Term & Rwys. Bucyrus-Erfe. . Bucyrus-Erfecv pf.. Bucyrus-Erie of (2). Budd (E G) Mfg..... Budd (EG) Mfgpf.. 1‘11- 14 Burr Add Mach(40¢}. Bush Terminal Butte Copper & Zinc. Butte & Superfor.... Butterick Co . 2 Byers (A M) 7% California Packing. . % Callahan Zinc & Ld. 2 Calumet & Hecla. 2 Campbell-Wyant Fy. 715 Canada Dry G A (1). 7% Canadian Pacific. ... 14 Cannon Mills (1). 301 Case (J I) Co. 41 Case (JI)pf (4). 51 Caterpillar Tractor. 4’3 Celanese Corp . 1 Celotex Co % Celotex vtc. - 14 Cent Aguirre (1%). 2 Century Rib Mills 5% Cerro de Pasco. 1 Certain-teed Pro 24% “hes & Ohlo (2%) 147 Chesapeake Corp (2). 1 Chi & Eastern I1l. 1% Chi'Great Western. 21, Chi Great Westn pf. 1 Chi MilSt P& Pac... 1'4 Chi Mil StP & Pac pf. 1% Chi & Northwestern. 2 Ch & Northwest pf.. 214 Chi I'neumatic Tool.. 513 Chi Pneu Tool pf. Chi Rock I & Pac. 4 Chi R 1& Pac 6% D! 315 Chi R 1 & Pac 7% pf. 5 Chickasha Cot O(1). 7% Chrysler Corp'n..... Tl City lce & Fuel (2 45 ity Ice&Fuel pf 65, 7315 Cora-Cola Co (7). 44 Coca-Cola (A) (3). 7 Colgate-Palm-Peet 49 Colz-Palm-P pf (6) 3 Coliins & Alkman.... 5% Colonial Beacon Oil.. 315 Colo Fuel & Iron 9 Columb G&EI(b80 6% Columbia Pict vic. 2314 Columb Carbon (2) 4 Commerclal Credit 16 Comc'l Credit (A)... 181 Comel Cred pf (1%). 70 Comcl Cred 1st(6%). 18 Comel Inv Trust (2). Comel Inv cv pf(e6). 9 Comcl Solv (60c).... 1% Comwlth & Southn. . 21 Comwith & Sou pf(6) 7% Congol-Nairn (60c).. 31 Consol Cgr pr pf 6%. 381% Con Cgr pr pf xw6 1% Consol Film. 5% onscl Film p: 40 Consol Gas NY(3.40). Consol Gas NY pf(5) 4 20 7 10 1 Consol Oil Corp. Cons RR of Cuba pf. Consol Textile. . Container Corp (A).. “ontainer Corp (B).. Contl Baking (A).... 15 Contl Bakting (B).... 36 Contl Baking pf (4).. 35% Contl Can (2). = 314 Contl Diamond 103 Contl Insur (1.20)..9 15% 278% 27% 51 44 12 70 43% 53% 101% 11% 108% 76 78% 112% 15 24 24% 21% 10% 41% 1% 5 6% 12% 19% 81 ks b 3% 30% 3% 40 2! Y 1% 49 16 59% 1% 40% 21% 18 70 4% 2% 10% + % — % - % “oy - % +1 + % + % —14 + % - % —2 = +1% - % + % + % + % 2y -% + % +1% + % -4 + % +1 -1 - % - % + % =5 +1 +2% - % + % = + % -1% —1% +. % -% 4% 14 22% 43 31% 13% 31 21% 37% 321 71 18% 27 7 13% 4 BE PEYC. Ber LR N% Delaware & Hudson.. Del Lack & Westn. .. Detroit Edison (4 715 Diamond Match (1). Diamond Mach pf 1% Dome Mines (1.55)... 5 Dominion Stores 1.20 Doug Afrcraft (75¢). Dresser (SR)Mfg(B) Drug Inc (3).... Dunhill Internatl. Dupont de Nem (2).. Dupont deN db pf(6) Duquesne Lt 1st (5) . 11 Eastern Roll Mills. .. Eastman Kodak (3).. Eastman Kod pf (6). Eaton Mfg Co. .. Eitington-Schild Eitington-Schild 1st. Elec Auto-Lite. ..... Elec Auto Lite pf(7) Electric Boat Elec & Musical 4« Elec Pwr & Lt. .. Elec Pwr&Lt $7 pf. .. Elec Storage Bat (2) Elk Horn Coal Endicott-Johnson (3) Engineers Pub Sve. . 151 Eng PS5% pf...vuse 15 EngPSwWw5%%.... 6'¢ Equaitable Of Bld(1).. 3% ErieRR...... 3 Eureka Va Clea 7 Evans Auto Prod Fairbanks-Morse. ... Fairbanks-Morse pf. Fashion Park Asso Fed L & Tr pf (6) i Federal Mot Truc Federal Screw Wks. , Fed Water Service A. Fidelity-Phoen 1.20. , Firestone T&R(40¢) o First Nat Strs (2%). Follansbee Bro: Foster-Wheeler. Foundation Co.... Fourth Nat Inv 1.10.. Fox Film (A).. : Freeport-Texas (2).. Freeport-Tex pf (6) . Gabriel Co (A)...... 4 Gamewell Co. . . Gen Am Investor: % Gen Am Transp't(1).. Gen Asphalt. Gen Baking (2) % Gen Baking pf ( Gen Bronze Gen Cable. Gen Cable (A). % Gen Cable pf. Gen Cigar (4) Gen Cigar pf (7).... x 50s Gen Electric (40c)... 181 Gen Elec spec (60c).. 13 Gen Foods (1.60). . 41 Gen Gas & Elec (A).. Gen Motors (1) Gen Motors pf ( Gen Public Service Cen Ry Signal (1). Gen Realty & Util. Gen Kealty & Util pf. 4 Gen Refractorfes. . Gillette Saf Raz (1)., Gillette Saf R pf (5). Gimbel Bros. Gobel (Adolf). . Gold Dust (1.20). ‘Gold Dust pf (6). Goodrich (B F) 9 Goodrich (B F) pf. 9% Goodyear Tire&Rub. 27% Goody'r T&R 1st (2). 7% Gotham Silk Hoslery Graham-Paig Granby Consol. Grand Union. . Granite City Steel(1) Grant (WT) (1), Great Northern pf. Great Northern Ore.. Great West Sugar... 4 Great Wn Sug pf(7). Grigsby Grunow... .. 4 Gulf Mobile&Nor pf. Hackensack W (1%) Hacken Watpf A 1% Hahn Dept Stores. . . Hahn Dept Stores pf. Hamilton Watch. . Hanna pt (7)........ Harbison & Walker. . Hartman Corp (A) Hartman Corp (B) % Hayes Body..... Helme (GW) (7).... Hercules Powder 1% Hercules Pow pf (7). Hershey Choc (3).... Holland Furnace Homestake M(110) Houdaille-Hersh(B). 4 Househd Fin pt 4.20, Houston Ol. .. : % Houston Ol (new) 4 Howe Sound (40¢). .. Hudson Manhattan 3 Hudson Motor Car. .. 1% Hupp Motors. 815 Illinols Central Illinofs Central pf. Illinois Cent 11 (4) Indian Motor Cycle. . Ind Motor Cycle pf. Indian Refining. Industrial Rayo ) 4 Ingersoll-Rand(1%). Inland Steel........, Inspiration Copper Insuranshrs Del 15¢. Insuranshares (Md). Interboro Rap Trans. Intercontl Rubber. .. Interlake Iron. Int Agriculture. Int Agriculture pf... Int Bus Mach (6) Int Carriers Ltd Int Cement. . Int Combustio Int Hydro-Elec (A).. Int Merchant Marine Int Nickel of Can 45 Int Paper pf... Int Paper & Pwr (A). Int Paper & Pwr (B) Int Paper & Pwr (C). Int Paper & Pwr pf.. Int Rys Cent Am Int Rys Cent Am pf.. Int Salt (1%) Int Shoe (2). Int Silver... Int Tele & Tele; Interstate Dept St. .. 12 Intersta Dept Stor pf 11__Island Creek Coal(2) 23, Jewel Tea Co (3).... 121 Johns-Manville..... 35 Jones & Laugh pf (1) 61 Kansas City Southn.. 12 Kan City Sou pf (2). 2% Kaufmann Dept St. 6 Kayser (J) & Co. s Kelly Spring Tir 3% Kelvinator Corp. 30 Kendall Co pf (6). 7% Kennecott Copper... 1% 4% 13% 24% 9% 54 1% 1 Kinney (G R) Co 6 4% Kinney (G R) Co pf.. 1008 51 Kresge (S8).. 25 145 Kroger Grocery (1 22 Ladlede Gas pf (5).. 108 LambertCo (4)..... 17 Lee Rubber & Tire Leh Port Cement. ... Lehigh Valiey Coal. . Lehigh Val Coal pf.. Lehigh Valley R R.. Lehman Corp (2.40) Lehn & Fink (2)..... 5 Libbey Owens Glass. o 5 1 1 19 9 4 4% s . Liggett & Myeratthds . b © +10+++11010 FEF FFE FEPPPERSEF R - % + % -1 +1 —8% +il i+t FEEEFES + -1 FEEE 5P FEEE FEEFEF 1% 20% 19% 20% 0. 80% . 30 =i% $13,366,960.9% McLellan Stores. Mack Trucks (1). Macy (RH) & Co (2). Magma Copper. Manati Sugar. Manati Sugar p! Mandel Bros. . Manhattan Elev gtd. Manhat Elev mod gtd 4 Manhattan Shirt..... Maracaibo Ofl Exp. .. Marine Midld (80c) Marlin-Rock (1). . Marmon Motor Car. Marshall Field & Co.. Mathieson Alk (1%). May Dept Stores (1). Mengel Co..... Mengel Co pf. Mesta Machine(60c). Mexican Petrlm % Miami Copper. . Mid Continent Petm. Midland Steel Prod.. Minn Moline Pow.... © Mo Kan & Texas, Mo Kan & T Missourl Pacific, Missouri Pacific pf. Mohawk Carpet. . Monsanto Chem 1% Montgomery Ward. . Morrell (J) & Co (2). Mother Lode. ....... Motor Meter G & El.. ™ 1% % 1% 5% 1% M-rray Corp 18% 11% Nash Motor. 37% 13 Nash Chat&StL. 1% Nat Acme Co. % 31% Nat Biscuit (2.30) % 118 Nat Biscuit pf (1) 5% Nat Cash Reg (A) 10% Nat Dairy Prod 1.2 14 Nat Dept Stores. . 1% Nat Dept Strs 1st pf. 167% Nat Distillers....... 24 NatDist prpf (234). 6% Nat Pwr & Lt (1). % Nat Ry Mex 1st pf. Nat Ry Mex 2d pf. .. 15 Nat Steel (50c). S » s SHakanrmmuRmwe o g Rewan 17 408 1 11% N Y N H & Hartford. 18 NYNH&Hartpf... 7% N Y Ont & Western. 14 N Y Railwayspf.... 1% N Y Shipb’ldg (10¢).. 17% Noranda Min (a1.10). % Norfolk Southern. 4 North Am Aviatio 15% North Am (b8 % stk) 48 North Am Ed pf (6). 9% Northern Pacific. . 26% Northwest Tele (3). 1% Norwalk Tire & Rub. 4% Ohlo Of 1% Oliver Farm Equip. . 3% Oliver FEqprpf A. 1% Omnibus Corp. . 10% Otis Elevator(60c) 15 Otis Steel..... 2% Otls Steel pr pf. 31% Owens I1l Glas: 1 Pacific Coast 1% Pacific Coast 1st pf. . 20 Pactfic Gas & EI (2).. 25% Pacific Lighting (3) 6 Pacific Mill 1% Packard Mo .. % Panhandle Pro&Ref. % Par-Publix cts 6 Park & Tilford % Park Utah.......... % Parmelee Transport % Patha Exchange. .... 1% Pathe Exchange (A). 5% Patino Minec........ % Peerless Motor Car.. 2515 Penick & Ford (1) 19% Penney (J C) (1.20. % Penn Coal & Coke. .., % Penn Dixie Cement.. 13% Penna R R (50c) 3%’ Pere Marquett 6 Pere Marquette pr pf 4% Petrol Corp of Am. .. 414 Phelps Dodge....... 25 PhilaCo 6% pf (3).. 2% Phila& Read C&1I... 8 Philip Morris&Co(1) 4% Phillips Petroleum. . 1% Phoenix Hosfery. 4 Pierce Oll. 3% Pierce Oll p! = 5 Plerce Petroleum. 9% Pillsbury Flour (1). 33% Pirelli Co A (h2.57). 17 Pitts Coal pf... 1% Pitts Screw & Bolt. ., 15 Pitts Terminal Coal.. 1, Pitts United Corp 15% Pitts United pf. % Pittston Co. 2 2% Postal Tel&Cable pf. Prairie Pipe Line. % Pressed Steel Car. 19% Proctor & Gam(1%). 97 Proc & Gamb pf (5).. % Producers & Refin 33% Pub Sve N J (2.80) 18 Pullman Corp (3)... 214 PureOil.... 30 Pure Oil pf (2) 5% Purity Bakerle: 3 Radio Corp..... 65 Radio Corp pf (B) 1 Radlo-Keith-Orph Raybestos-Man (6 Reading Rwy (1), Reading 1st pf (2) Real Silk Hoslery. Reis (Robert) & Co. Remington-Rand. 8 Rem Rand 2d pf. 1% Reo Motor Car 4 Republic Steel 9 Republic Steel pf. 7 Revere Cop & Br pf. 6 Reynolds Metals(1) 1% Reynolds Spring. 26 Reynolds Tob B (3) % Richfield Oil. . 2 Rossia Ins of Amer.. 17% Royal Dutch (80%¢). 5113 28 Safeway Stores (3). 90 72 Safeway Strs pf (6) 18% 6% St Joseph Lead... l 2% 7% St L-San Francisco.. 25 5% % 26 21 608 1017% 46% 68 Public Sve NJ pf (5). 8 58 15% 17 1% 4% 5% T 2% 1 13% 8% 17 20 1% 128 22% % 1% 21 % 1% 9 35 Ta 2% 1% 10% 15% 1% 31 5 l++_i_l:-.+l 4% 5% % 12 3% 9% 1% 13% 2% ™% 2 2% 1% 9% 2% 9% 6 K 5% 19% 8ig 61% 56 10% 16% 51% 13% 10% 4% 24% 1 17% caqadaacaoac nwn unnnnn F FL FEF ¥ 35% V 2% 3% 8% 4% (i) FFEPEFEFEEE FREFRE Til++++1+ & E t|*+||l+|l+ 1% 15% 49% 38 26 8 50 un T 291 18 10% 240 1% % 2% 11:00 AM. 1:00 P.M sUnit of trading 4% in stock. M 1% Leather. . S Leather (A)..... Pipe&Fdy (50c). P&F 15t pf1.20., Realty & Imp, Rubber. . Rubber 1st pf. Smtg & Ref (1).. US Smtz&Ref pf 3% stock. @ Paid e Payable in cash or stock. in special preferred stock. Solv Am pf ww(5%). So Port Ric Sug 1.60. South Cal Edison(2). Southern Pacific. Southern Raflway. .. Southern Raflway pf '« Sparks-Withington. . Spencer Kellogg(60c) Sperry Corp. . Spiegel-May- Standard Brands (1). 514 Stand Gas & Elec.... Stand Gas & Elec pf.. Stand Gas&El pf (6). Stand Gas&El pf (7). Stand Invest Corp. .. 194 Stand Ofl of Cal (1).. Stand Oil Kansas Stand OIINJ (1) Sterling Secur (A) Sterling Secur pf. Stewart Warner. Stone & Webster Studebaker Corp. . Studebaker Corp pf.. Sun 01l (1) Superheater (50¢) . Superior O11. 2 Superior Steel % Symington. % Svmington (A) 8t Telautograph (1). Tennessee Corp. ‘Texas Corp (1).. Tex Gult Sulphur(1) Tex Pacific Coal&Oil, Tex Pacific Land Tr. ‘Thatcher Mfg Co.... 1 Thermoid Co Third Aven ‘Thompson Pr N Thompson Starrett. . Thompson-Staret pf. Tide Water Asso Oll. 2314 Tide Water Assoc pf. Tide Water Oil...... Tide Wat Ofl pf (5).. Timken-Detroit Axle Timk Roll Brg (.60).. Transamerica Corp. . Tri-Contl Corp...... Tri-Contl Corp . Trico Products(2%). %2 Truax Traer Coal.... ‘Truscon Steel. B Twin City Rap Tran. 5% Twin Ci % Ulen & Co. Und-Ell-F Und-Ell-Fish pf (7). Unfon Bag & Paper.. Union Carb & C (1).. Un Oil of Calif (1) Union Pacific (6).... Union Pacific pf (4). Union Tank Car 1.20. Unit Afrcraft. . . Unit Afrcraft pf (3). United Biscuit (1.60) Unit Carbon. Unit Corp (40c). Unit Corp pf (3).... Unit Electric Coal... Unit Fruit (2)...... Unit Gas&Im (1.20).. Unit Gas&Im pf (5).. Unit Plece Dye Wk U S Distributing. 5 U'S Distributing pf.. U £ Express... tit++1 PEPEFESE |+ +1 § R ER Rap Tr pf. 1T+ FEFES RFFEEER £ & United Stores (A). Unit Stores pf (3%). Univ Leaf Tob (2)... Jniv Leaf Tob pf(8). Univ Plctures 1st pf. Univ Pipe & Rad. 1% Util Pwr & Lt (A). 8 Va-Car Chemical 3% Va-Car Chem 6% pf. -Car Chem 7% pf. 12% Vulcan Detinning... 880s 86 57 Vulcan Detinpf (7). 80s 1% WabashRR.... 11 Wabash pf (A). 5% Waldorf System. Walworth Co. . Ward Baking (B).... s Ward Baking pf (1).. Warn Bros Pictures. Warner Quinlan. D Warren Found & P.. 4 Wells Fargo........ Wesson O & Sn (50¢) ‘Wesson O&Sn pf (4). West Pa Elec A (7).. West Pa Elec pf (6). West Pa Elec pf (7). West Pa Pwr pf (6).. West Pa Pwr pf (7). Western Dairy pf A.. Waestern Dairy pt B Western Maryland, % Western Md 2d pf. Western Pacific. . % Western Pacific pf... Western Unlon...... Westing’se Alr B(1). Westinghouse Elec. . Weston Elec Instru.. Wheeling Steel pf. White Rock M S (2).. White Sewing Mach. Wilcox Ol & Ga: s Wilson & Co. . 4 Wi'son & Co (A 19 Wilson & Co pf. 25% Woolworth (2. Worthington Pump. 341 Wrigley (Wm) (3).. Yale & Towne (60c) 6 21 Yellow Truck. Yellow Truck pf. 31 Young Spr & Wire. 714 Youngstown Sh&Tr. 13 Zenith Radio. 8% Zonite Products. % Atlantic Refining were all strong. Volume was small all day and inter- est in the proceedings was scant. The only reasonable inference was that, al- | though the market might be ripe for a technical reaction, as the professionals insisted, hoiders of stocks were not in- clined to sell. Commodities ranged lower. Wheat closed down 17 to 2 cents a bushel. In the early trading the oil shares were bid up on the prospect of Govern- ment control—something that the trade in more prosperous days would have re- Jected without debate, but today relies upon to rescue the industry from the twin evils of overproduction and ruth- less price-cutting. The lower-priced stocks were the leaders during this phase. Pure Oil was turned over in large blocks, up 1 to 2 points, a large percentage gain for a stock selling under $10 a share. Houston Oil, Seaboard and The other feature of the morning was the advance of Dome Mines to the high- est in years. The stock had been strong all through Saturday’s reaction and it was in active demand again today. The only explanation was upward. revision of ea;x;llng estimates. e rest of the list opened fraction- ally higher but by ‘noon pl:ld tumedmr:- actionary under what looke fessional operations for tgell:;cpux"::- United States Steel common, American Telephone, American Can, General Mo- tors and the principal leaders were un- der mild pressure and receded from fractions to a point or so. The news of the day was constructive but the market was paying attention only to its technical position. From the longer range viewpoint the four-power accord reached in Europe, assuring peace for 10 years, exceeded anything else in importance. At home the steel trade was still reporting increases in rate of operations and general business news was hopeful. NEW YORK BANK STOCKS NEW YORK, May 22 (#).—Over-the- counter market: (Quotations as of 2 o'clock.) KS. TRUST COMPANIES. Bankers (3) Irving (). Manufactarers N Y Title & Mtge. N ¥ Trust (5).. Title G & T (1.60) United States (60) “Includes extra. FOREIGN EXCHANGE. (Quotations furnished by W. B. Hibbs & Co.) Nominal gold Selling checks value. today, $3.8015 lira. Zurich, franc . Athens, dracnmi Madrid, peseta Vienna. schillins Budapest. pengo.’. Prague. crown (n. Warsaw. zloty Copenhagen, crt . crown. Stockholm, crown. | Montreal, discount, '13% —_— ‘With the exception of one small line, steam railways in New Zealand are government operated. Per 1_Share 7% Preferred 2 Shares—Voting Common THE COLUMBIA co, 700 Southern Blds. REAL _ESTATE NOTES YIELDING _@: TN BT st st notts well secured Getached. ‘modern residences. for sals at ar and_accrued interest. . P620 ‘K S KW NA. ‘0478, RIGHTS—Expire. 3% Nat Dist P...May 29 Sales of Stocks on New York Exchange. 1% 500,000 500,000 12:00 Noon. 2:00 P.M. Dividend rates es given in the above table are the annual cash payments based on the Jatest quarterly or half-yearly declarations. less than 100 shares Jast year—no resuiar lus 8% & Payable in scrip. tPartly extra. iPlus rate. b Payable in in stock. ~fPlus $1 h Paid this year. NEW YORK EGG MARKET NEW YORK, May 22 (Special).— Quotations for eggs in the wholesale cash market today were: Mixed colors—Special . packs, 14%a 153 ; standards, 14al41;; storage pack- ed firsts, 13%%a133;; firsts, 12!2al3; seconds, 12%; medium, 111,a12; dirties, 11%al12; checks, 1 2. Whites— ‘Western re- a. standards, 14}2a Browns—Nearby U. S. TREASURY BALANCE. By the Associated Press, Treasury receipts for May 19 were $6,631,665.66; expenditures, $14,142,- balance, $394,975914.50. Cus- for days of May were *, GBS P S OY GOTTON CLOTH SALES 'EXCEED PRODUCTION Exchange Reports Mills Have Been Operating at Highest Rate in Years. By the Associated Press. NEW YORK, May 22.—Sales of cot- | ton cloth last week continued in ex- cess of mill production, the New York Cotton Exchange Service reported to- day. Mill activity is currently at the highest rate in several “years. *On’ pome Ungs of goods,” mid e service, “sales were made through July and August. Heavy cotton goods for mechanical purposes sold more freely than for many weeks, although the volume of these goods was still much below normal. “Goods prices continued their up- ward movement, with advances of an The facturing margins on standard unfin- ished cotton goods have widened ap- preciably in recent weeks, "levtn( man- ufacturers a more profitable basis, against unremunerative margias a few months ago. ‘Turkey released her second talkie re- cently, a light musical comedy which had a Tun of four weeks in one ettt 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 James F. Shea President Secretary Member of Building Association Counell of District of Columbia. TO THE POLICYHOLDERS, CREDITORS. STOCKHOLDERS and all other persons interested. in the affairs of Export In- demnity Company:—(I) The Superintendent of Insurance of the State of New York has been directed by order of Supreme Court New York County. entered April 7, 1933, to liquidate the -business and affairs of Export Indemnity Company pursuant to the Insurance Law of the State of New «an e notice. L 1933. GEORGE it . TON Allrllfilfl ion. X Special Deputy Supt. 2 Lafavetie Bt.. New York. N. Y. You Cap Save Successfully! By making REGULAR deposits at the Natisnal Permanent! REGULAR- ITY in putting aside part of your earnings will cause your account to grow steadily . . . a by our r: of 5% divi- dends. _Start your ac- count TODAY. = “Member Building and Loan Assn. Council of D. C. WATIONg, PERMANENT BUILDING ASSOCIATION 7 'f.‘.fil 7 ST. N. i3 Ptrygign us-