Evening Star Newspaper, May 23, 1933, Page 12

FINANCIAL. BUSINESS BETTER IN FIFTH DISTRICT = Richmond Reserve Bank Re- ports Wholesale and Re- tail Trade Gains. BY EDWARD C. STONE. Busin improvement continues in the Fifth Federal Reserve district, with retail and wholesale trade, as well as industry, feeling more optimistic than has been the case for more than a year, | according to reports from the Federal Reserve Bank of Richmond. Further reports from this territory state: Excellent weather has benefited the -retailers, and Summer goods are mov- isg satisfactorily. Wholesale lines are feeling the effects of replacement orders and several lines report excellent gains over last mon'.h and over the same month of last y Industrial u:tlvmu have been ex- p-nuea in tobacco, cotton, rayon, wood oducts, tin cans and paper and fiber- rd containers. While the number of workers has not jumped materially, the hours of operation have.been ex- tended in numerous plants, resulting in lJarger pay checks. In its weekly review of conditions in all the 12 Federal Reserve districts the New York Times observes. that an increase in employment and advancing wage scales in several districts were among the more important improve- ments noted in the week. The likelihood of generally higher taxes was only ‘moderately depressing. Attention of investors was focused generally on the railroads and the utilities. While the Government has a co-ordination plan for the former, which have some dead- ‘wood to clear away during the recovery, the latter appear to be facing mounting burdens Especial importance, the review con- cludes, is attached to the administra- tion's policy with regard to manufac- turing industries and to the plan to modify application of the anti-trust Jaws in order to alter competitive condi- _tions and eliminate waste. Chevy Chase Bank Congratulated. Depositors in the Chevy Chase Sav- -ings Bank extended many congratula- tions today to President John C. ‘Walker and his board of directors over the sale of the bank to the Riggs Na- tional Bank and the resulting an- nouncement that the depositors and shareholders will soon have freed 60 per cent of their deposits. In fact, 65 per cent of the dt its will be freed by _the addition of 5 per cent, which have been held in a bailee account and which “are available at any time. Depositors so far heard from con- sider the move the very best that the “Chevy Chase Bank o&:mbh iould malk; Attempts to reo ank as an in- dividual g‘:d failed. Aftlr 10 weeks the hnk still lacked a Govern- ment license # operate. It was also known that Treasury officials wished to see fewer banks in Washington, which .clearly called for consolidations. The Chevy Chase officials preferred to become a branch of the largest bank in the city than to join any of several - consolidation plans.” The present deal .is not a merger, but an outright pur- chase by Riggs of the live assets of the ‘bank, the other assets to be sold by the conservator, John C. Walker, to the - best advantage poulblg This means that in addition to the 60 per cent of deposits to be freed by Riges, further payments will be made wuepodmn as other assets are “L!uvad out.” ‘The Chevy Chase Bank will be ,opened by Riggs on June 15. It will be ent bank’s seventh branch. “look. The importan definite settling of the !uture of ‘ng of the 13 local closed. banks, monoxmeo'.hmmhud:twat on merger or other plans. Bank Makes Additfona] Payment. n)xd,ge Eugene O’Dunne in Baltimore signed an order in Circuit Court authorizing the receiver for the Chesa- ke Bank of Baltimore, which closed mber 9, 1930, to make a 10 per eent distribution to depositors of the “institution. The nnyment will be made around July 1. This will bring the total amount paid to depositors and creditors to 32.5 per cent as a payment of 22.5 per cent was made December 15, 1931. The Homewood Bank at Pittsburgh, Pa., with capital of $100,000, has been admitted to Federal Reserve member- ship, according to the Federal Reserve Board. This brings to 45 the admis- sions to the system sinoe the bank holi- day. There have been 25 voluntary withdrawals. Indicated building expenditures in April increased 21.2 per cent, as com- pared with March, h!ut dmpped 51.3 per cent from April, 1932, the Bureau of Labor Statistics reports. Total opera- tions were estimated at $29,756,038, against $24,560,176 in March. The April increase was higher than the in- crease shown when comparing these two months in any of the previous three years. Norfolk Southern Railroad has issued its pamphlet report for year ended De- cember 31, 1932, showing net loss of $1,103,406 after taxes and charges, com- paring with net loss of $498,043 in 1931. The statement covers entire fis- cal year, cm})orne from January 1, to July 27, and receivership 'from July 28, to December 31, 1932. Merger Plan Advances Further. Definite entry of the Northeast Sav-. ings Bank into the proposed merger of six local banks into one institution was announced last night after a special meeting of stockholders and depositors. Such action had been expected, but at the same time adds strength to the present campaign. The Link now starts in earnest to raice its quota of new capital, the amount being much smaller than what would have been re- quired for a separate unit. Officials of the bank are now much pleased with the idea of going in with five other banks as the Hamilton National. Washington Railway & Electric pre- ferred opened trading on the Washing- ton Stock Exchange today, 30 shares changing hands at 86%. Capital Trac- tion was up a full po.mb 20 shares moving at 81%. | Georgetown ‘Gas Light 6s figured in a | $10,000 turnover at 102}, and $1,000 | Anacostia & Potomac Railroad 5s came out at 37 Norfolk & Washington Steamboat stock sold at 79, the ex- chznge governors having ruled that all transactions in this stock shall “be on the basis of ex-privilege redemption, as already stated to stockholders of record March 4, 1933.” Bank Stocks Show Gains. ‘The New York City bank stock mar- ket recovered during the past week, the aggregate market value.of the 16 lead- ing issues, as compiled by Hoit, Rose & Troster, ending the week at $1,422,- 705,000, Comp:red with $1,382,905,000 at the close of the previous week, an in- crease of $39,800,000, or 2.9 per cent. International Business Machines Corp. has ordered the modernization of | machinery and equipment of the com- ‘ pany's plants at Endicott, N. Y., Day- ton and here in Washington. In addi- tion, orders have been given to increase inventories of raw materials and other supplies above their present levels. e e FOREIGN EXCHANGE. "(Quotations furnished by W. B. Hibbs & Co.) Nominal gold Selling checks Value: toan 17“ 104 11% T4% 3 18% 2% 5% 4% 4 104% Stock an Dividend Rate. 18% Abrm & Straus 1.30.. 7% AfMliated Prod 120 47% Afr Reduction (3)... % Alrway Elec Appl...: 11% Alaska Juneau(§0c). % Alleghany Corp. 1 Alleg Corp pf $30ww 1% Alleg Cp pf $40 ww. 1% Alleg Cp pf $30 x 70% Allied Chem & D (6). 121% 116 Allied Chem pf (7). 16 15% 4 21% 374 17% 21 2% 5% 42% 8 103 13 112% 81 831 19% 32% 27 22% 128 46% 6 T% 15% 23% 20% 3% 6% 4 34% 3% 3% 13% 63% 6 Allis Chalmers Mfg. 5% Alpha Port Cement. % Amal Leather..... 5 Amal Leather pf. 18% Amerada Corp (2). T4% Am Ag Chem (Del) 8 Am Bank Note 84 Am Bank Note pf (3) 1 Am Beet Sugar. 2% Am Beet Sugar pf. 9% Am Brake Sh&F 6 49% Am Can (4). 6% Am Car & Foundry. 15 Am Clr&Foundry L. 1% Am Chain..... 5 34 Am Chicle lfl)‘ . 18 Am Come'l Alcohol 1 A.n Encaustic Tiling 3% Am & Forelgn Pwr.. 614 Am&Forgn Pw pf(6) T4 Am & For Pw pf (7). 4% Am & For Pw 2d pf. 2% Am Hide & Leather. 13% Am Hide & Leath pf. 29% Am Home Prod (3).. 3% Am Ice Co 25 Am ice pf (6) 4% Am International % Am La France&Fom. 8% Am Mlch&dellflc . 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$5pf (1%). 9% Am P&L $6 pf (1%). 10% Am Sm & Ref. 20% Am Sm & Ref 6% pf. 31 Am Sm & Ref 7% pf. 42% Am Snuff (13%). 4% Am Steel Foundry. 87% Am Steel Fy pf (2). 30 Am Stores (t2%) 21% Am Sugar (2). 80 Am Sugar pf (7). 6 Am Sumatra Tob. 861% Am Tel & Tel (9). 49 Am Tobacco (5) 50% am Tobacco (B) (). 4% Am Type Founder: 10 Am Type Fdrs pf. 10% Am Water Works(1) 9% Am Wat Wks ctfs(1) 2% Am Zinc & Lead. . 5 Ansaconda Copper... 8% Anchor Cap (60¢) 9% Archer-Danfels (1). 41 Armour of Del p£(7). 1% Armour of I1l (A) % Armour of 111 (B) 34% Atchison. . 50 Atchison pf (5)..... 16% Atlantic Coast Line. 12% Atlantic Refining(1). 9 Atlas Powder. 60 Atlas Powder pf (6). 1% Atlas Tack 81% Auburn Au 7% Austin Nichcls 13 Austin Nichols A (1) 5% Aviation Corp (Del). 3% Baldwin Locomot. . . 9% Baldwin Locomot pf. 8% Baltimore & Obio.. .. 9% Baltimore & Ohio pf. - 20 Bang & Aroost (2). 3 Barnsdall Corp. Bayuk Cigars. Bayuk Cig 1st Beatrice Creamery. Beech-Nut Pkg (3). %% Belding-Hemingway. Belg N Ry pt pf 4.09. % Bendix Aviation.,. Best & Co.... Bethlehem Steel. ... Bethlehem Steel pf. Bigelow-Sanford. Blaw Knox. Bloomingd Bohn Alumn L Bra Borden Co (1.60). Borg Wara Boston & Maine Briggs Mfg Co. Bklyn Manhat Tran. Bklyn Man Tr pf (6). Bklyn & Queens. ... 1 Bklyn Union Gas (5) Brunswick-Balke. Bruns Term & R Bucyrus-Erfe. . Bucyrus-Erie cv pi Budd (E G) Mfg. Budd (E G) Mfg pf. Budd Wheel Bullard Co. . % Burns Bros (A) vtc Burr Add Mach(40c) . Bush Terminal...... Bush Term deb ! Butte Copper & Zinc. 1% Butterick Co. 81 Byers (A M) alifornia Packing. ‘A Callahan Zinc & L4 2 Calumet & Hecl: 714 Canadu Dry G A (1). 71% Canadian Pacific. 14 Cannon Mills (1). 30% Case (J I) Co. 41 Case (JI) pf (4). 51 Caterpillar Tract 4% Celanese Corp. 3 Celotex Co % Celotex vt 14 Cent Aguirre (1%) 38 CentRROfNJ 5% Cerro de Pasco. .. 1 Certain-teed Prod. 7% Checker Cab Mfg 24% hes & Ohio (2%). 147 Chesapeake Corp (2) % Chi & Eastern Ill pf. 1% Chi Great Western.. 215 Chi Great Westn pf.. 1 Chi MilSt P& Pac... 1% Chi Mil StP & Pac pt 1% Chi & Northwestern. 2 Chi& Northwest pf.. 21 Chi ’neumatic Tool. 5% Chi Pneu Tool pf 2 Chi Rock I & Pac 2% Chi R1& Pac 6% pf. 3% Chi R 1 & Pac 7% of. 64 Chi Yellow Cab (1) 5 Chickasha Cot O(1). 2 Childs Company..... 7% Chrysler Corp'n. Tt City Ice & Fuel (2) 45 ity lce&Fuel pf 6%. % City Stores 90 Cluett Peabody pf(T) 731 Coca-Cola Co (75.. 44 Coca-Cola (A) (3). 7 Colgate-Palm-Peet 3 Collins & Atkman. 5% Colonial Beacon Ofl. 314 Colo Fuel & Iron.... 16 Colo Fuel & Iren pf. 12% Colo & South 1st pf.. 9 Columb G&EI(b80c). 59 Columb Gas pf A(6). 6% Columbia Pict vte. .. 284% Columb Carbon (2).. 4 Commercfal Credit 16 Comec'l Credit (A). 18 Comel Lnv Trust (2). 9 Comel Solv (60¢c) 1% Comwith & South: 21 Comwith & Sou pf(6) 7% Congol-Nairn (60¢) . 1% Consol Film. 5% Zonsol Film pf 40 Consol Gas NY (3.40) Consol Gas NY pf(5) 2% Consol Laundrie 5 Cunsol Ol Corp. 1% Cons RR of Cuba pf. % Consol Textlle..,... 1% Container Corp (A).. % Zontainer Corp (B). 3 Contl Baking (A). % Contl Baking (B). 36 Contl.Bakingpf (4). 85% Contl Can (2).eereee F . 312 107% 101 2 119% llg% 118% 1 17 1 10 1 14% 15% 3% 24% 36 109% 1% %, 106% 14% 15% 3% 24% 36 16% 20'% 41% 5 33% 12 8% 80% 17% 26 Lattlthadbts REEE FERLR Se = = 56% +1% ~Prev. 1933~ Low. 26% 8% 46% 38 34 21% 8% 48% 48 18 508 3% 61 13% 6 11% 67% 321 6la 72 25 113 12 7% 15 EngPSv\WE‘é%. 97 Btock and Dividend Rate. 3% Contl Diamond Fibre 10% Contl Insur (1.20) 1 Contl Motors. 4% Contl Ofl (Del). 45% Corn Products (3)... 2% Coty Inc. 2% Crosley Radlo.. 14% Crown Cork & Seal. .: 24% Crown C&S pf (2.70). 1 Crown Zellerbach. 9 Crucible Steel. .. 1})% Cuban-Am Sugar. 20% Cudahy Packing 2%. 61 Curtis Publishing. .. 30 Curtis Publishing 1% Curtiss- Wright. . 2 Curtiss-Wright (A 4% _Cutler Hamme! 1% Davega Stores. .. 6% Deere & Co pf (20¢).. 375% Delaware & Hudson. 17% Del Lack & Westn 2 Denver& RG W pf. 48 Detroit Edison (4) 173 Diamond Mateh (1). 2614 Diamond Mach pf 1% 12 Dome Mines (1.55).. 10% Dominion Stores 1.20 10% Doug Afrcraft (75¢). 21 Dresser(SR)Mfg(B) 29 Drug Inc (3).. % Duluth S S & Atl 324 Dupont de Nem (2). 97% Dupont deN db pf(6 90 Duquesne Lt 1st (5). 2108 1% Bastern Roll Mills., 46 Eastman Kodak (3). 3% Eaton Mfg Co.. % Eitington-Schild 4 Eitington-Schild 10 Elec Auto-Lite Elec Auto Lite pf(7). Electric Boat........ Elec & Musical Instr 4 Elec Pwr& Lt...... Elec Pwr&Lt $6 pf. Elec Pwr&Lt $7 pf. .. Elec Storage Bat (2) 4 Elk Horn Coal . 100 Endicott-John: Engineers Pub Sve, 15;1 EngPS5% pf.. 81 30 615 Eqaitable Of Bld(1) 3% ErieRR. 4% Erfe RR 1st Df. 3 Eureka Va Cleane: (£ Fatrbanks Mo R Fairbanks-Morse pf. % Fashion Park Asso. . % Federal Mot Truck.. Federal Screw Wks. . Fed Water Service A Fed'd Dep Stra(60a) . Fidelity-Phoen 1.20. Fjlene's Sons pf 6% stone T&R(40c) + Firestone T&R pf(6) First Nat Strs (23%). 4 Follansbee Bro: Foster-Wheeler, Foundation Co Fourth Nat Inv 1.10. Fox Film (A)....... 4 Freeport-Texas (2).. Freeport-Tex pf (6). 6% Gamewell Co. . . 2% Gen Am Investors. .. Gen Am [nv pf ww 6. o - roaB8u0n Balnnpaa 211/. L 13% Gen Am Transp't(1). 15 18% 105% 8% 5% 4% 13 35% 10 Gen Asphalt. Gen Baking (2). Gen Baking pt (8) Gen Cigar (4). Gen Electric (40¢c) Gen Eleg spec (60c) . Gen Foods (1.60).... % Gen Gas & Elec (A).. 31 Gen GAE 6% cvpLA. Gen Mills (3). Gen Motors (1) Gen Motors pf (5)... Gen Outdoor Adv (A) 1 Gen Printing Ink.... 208 Gen Prtg Ink pf (6).. 308 Gen Public Service. . Cen Ry Signal (1) Gen Realty & Util. Gen Kealty & Util pf. Gen Refractories. ... % Gillette Saf Raz (1 Gimbel Bros. . Glidden Co. . Glidden Co pr pt (7). 160. Gobel (Adolf).. Gold Dust (120) Gold Dust pf (6) Goodrich (B F). Goodrich (BF) pf... 18 Goodyear Tire&Rub. 232 Goody'r T&R 18t (2). 9 Gotham Silk Hoslery 40 Gotham S Hof (7).. 30s Graham-Paige. 407 Granby Consol 150 Grand Unfon. . 8 Granite City Steel(1 Grant (W T) (1).... Great Northern pf. Great Northern Or Great West Sugar Great Wn Sug pf(7). Grigsby Grunow.... Guantanamo Sugar. Gulf States Steel Hackensack W (1%) Hahn Dept Stores. . . Hamilton Watch. ... Hamilton Watch pf. Harbison & Walker. Hartman Corp (A).. 4 Hartman Corp (B).. Hat Corp pf. Hayes Body. Hercules Powder 13 37 37 57% 35% Hershey Choc (3).... 841 64% 7 5% b1% 26% 4% 19% 43% Hershey Choce pf(15) Holland Furnace. ... Houdaille-Hersh(A). Houdaille-Hersh(B). Househd Fin pf 4.20. Houston Ofl........ Houston O11 Howe Sound (40c) 3% 8% 1% 5% 16% 11% Hudson Manhattan.. 8% 24% 3% 49 1% 9% 3 54% AT 29% 5% 7 21% 37% 3214 70 71 18% 27 7 24 24% 3 Hudson Motor Car 1% v Moto) 814 Illirois Cent; 16 Illinois Central 31 Illinols Cent11 (4).. % Indian Motor Cycle. . 4% Ind Motor Cycle pf.. 1% Indian Refining. .. .. Industrial Rayon (2) 19% Ingersoll-Rand(1%) 12 Inland Steel. 2 Inspiration Copper. . 1% Insuranshrs Del 15c. 1% Insuranshares (Md). 4% Interboro Rap Tran 5 Intercontl Rubber. 214 Interlake Iron 7 Int Agriculture. 5% Int Bus Mach (6). 27% Int Carriers Ltd 20c. 6% Int Cement......... % Int Combustion. .... 1% Int Combustion pf. 1% Int Comb pf ctfs 13% Int Harvester (80¢). 80 Int Harvester pf (7). 214 Int Hydro-Elec (A).. 1% Int Merchant Marine 6% Int' Nickel of Can. 235 Int Paper pf. . 3 Int Paper & Pwr (A). % Int Paper & Pwr (B) 1% Int Paper & Pwr (C). 2 . Int Paper & Pwr pf. 1% Int Rys Cent Am. 4% Int Rys Cent Am pf. 13% Int Salt (134).. Int Shoe (2) Int Silver 9% 24% 5% 1% Interstate Deul St. 12 11 Island Creek Coal(2) 2 23 Jewel Tea Co (3). 2 12% Johns-Manvill 52 42 Johns-Manvillepf... 30s 35 Jones & Laugh pf(1) 130s 65 Kansas City Southn. 25 12 .Kan City Sou pf (2). 16 2% Kaufmann Dept St.. 6% Kayser (J) & Co, % Kelly Spring Tir 3w Kelvinator Corp. . 7% Kennecott Copper. 1 4% 51 . 1415 Kroger Grocery (1) 2214 Lambert Co (4) . 3% Lee Rubber & Tir 16 g, 5% Leh Port Cement. les Add 00. “uban-Am Sugar pf. 390s 7% 3 23 88 168 16 WASHINGTON, D. C, B+ % 8 +1% 2 +%h 3+ % 334 +3 114% +2 11% - % 6% + % 8 +3 28% +2% 15 +3% 1% +1% 12% + % 3% 1% +1% 66% +4% 10% + % 20% + % 100% + % 124 +1 871 +5% 31% +1% 65 +1 13% +1% 50 3 + % 11% + % 1 204 +1% 21+ % 3% 5 20% + % ]6Vg+'>n 10 +3 29\« +1% 79 6% + % 10% +1% 4% + % 45% + W 28% + % 4% + % 1% +2 14% + % 8 + % %+ H 26% +2% 40 . +3% 45% +.% 1% + % 8 + 4 3% + % 57% +3% 48 +3% + % % W 5 % -% SEE EEFFRIFERE FF 104 + % Poultry, ~Prev. 1033~ Stock and High. Low. Dividend Rate. 1 Lehigh Valley Coal.. 2% Lehigh Val Coal pf.. 8% Lehigh Valley RR. 37% Lehman Corp (2.40). 14 Lehn & Fink (2). . 4% Libbey Owens Glass. 49 [Liggett & Myers(15) 49% Ligg & Myers B (15). Ligg & Myers pf (7). Lily Tulip Cup (1%). 10 Lima Locomotive 6% Link Belt (40c) 10% Liquid Carbonie. 814 Loew’s Inc (1). 1% LoftIne..... . % Long Bell Lumb(A) 560. 19% Loose-Wiles Bis (2). 10% Lorillard (P) (1.20). % Loulsiana Ofl. . . av, Louisiana O1l pf. 18% Lou Gas&El A (l*). 21% Loulsville & Ni 4 Ludlum Steel 2% McCrory Stores pf. McGraw Hill Pub. lS MecIntyre P M(11%). 4434 McKeesport T P (4). 1% McKesson & Robbins 3% McKesson & Rob pf % McLellan Stores 131 Mack Trucks (1) 24% Macy (RH) & Co (2). Magma Copper. . Mallison & Co. Manati Sugar. Manat! Sugar pf. Manhattan Elev gtd. Manhat Elev mod gtd Marine Midld (80c).. Market Street Ry. arlin-Rock (1). . Masmon Motor Car... Marshall Field & Co. Mathieson Alk (1%). May Dept Stores (1). Mengel Co...... Mesta Machine (60¢) - Met-Gold Pic pf 1.89. Miami Copper. . Mid Continent Petm. Midland Steel Prod. . Mid Stl Prd 1st pf(4) Minn Moline Pow. ]\‘[S(P&SSMD!... Mo Kan & Texa: Mo Kan & Texas p!. . Missouri Pacific. g A bbb bbb exneadsas” gRe 8% - TUESDAY, MAY 23, 1933. 33 6% 2!\6 51% 1% 7 25 8% " % ™ 1% Missour{ Pacific pf. Mohawk Carpet. Monsanto Chem 1% . Montgomery Ward. . Mother Lode. Motor Meter G & E1. Motor Products. Motor Wheel. ... 4 EFRRE R e % 21 48 5 1 5% B oy < M: . 5% 1% % 1% 5 5 Munsingwear Inc... % 1% Morray Corp. 5 11% 13 Nash Motor. . Nat Dist pr pf Nat Lead (5).. Nat Lead pf B (6)... Nat Pwr & Lt (1).... Nat Ry Mex 24 pf. Nat Steel (50¢) Nat Supply Co. Nat Supply pf. Nat Surety. Nat Tea (60 Neisner Brothe Nevada Con Copper.. 4 Newport Industries. N Y Shinb’ldg (10¢). N Y Steam pf (6).... 26% 17% Noranda Min (21.10) 2% 3% Norfolk Southern 150 111% Norfolk & West (8).. 83% 74 Norf & Westn pf (4). 4 North Am Aviation. . 81‘6 15% North Am (b8 %stk) . 5 North German Lloyd 9% Northern Pacific. 1% Norwalk Tire & Ri 4% Ohfo O11 1% Oliver Farm Equip. 3% Oliver FEqprpfA.. 4% 1% Omnibus Corp. 10% 2% Oppenheim Coll 18% 10% Otis Elevator(60¢)... 102 93% Otis Elevpf (6)..... 6% 3% Otis Steel.... 19% 2% Otis Steel pr pf 76% $1% Owens I1] Glass (2 5 1% Pacific Coa: 31% 20 Pacific Gas & El (z) . 43% 25% Pacific Lighting (3). 23 6 Pacific Mills. 82y 65 Pacific Tel & Te 4% 1% Packard Motor Car.. 1% % Panhandle Pro&Ref.. 17 6 Park& Tilford 2% % Park Utah.. 2 3 Parmelee Transport. 3% 1% Pathe Exchange (A). 14% 5% Patino Miner 1% % Peerless Moto 45% 25% Penick & Ford (1)... 19% Penney (J C) (1.26). % Penn Dixie Cement.. 13% Penna R R (50c)..... 41% Peoples Gas Chi (5). 7 Peoria & Eastern.... 3% Pere Marquette 4% Pere Marquette pf... 6% Pet Milk... y 45 Petrol Corp of Am 4% Phelps Dodge 214 Phila & Read 8 Philip Morris&Co(1) 4% Phillips Petroleum. . 4 Pierce-Arrow pf. 4 Plerce Oil. . 3% Plerce Ofl pt. 5 Pierce Petroleum. ... 9% Pillsbury Flour (1).. 17 PittsCoalpf.......0 1% Pitts Screw & Bolt 10% Pitts Steel pf. % Pitts United Corp. 15% Pitts United pf. . Pitts Y Astabpt (7). % Pittston Co. 6% Plymouth Oil 1% Poor & Co (B). % Port Ric Am Tob(B). 4 Postal Tel&Cable pf. 5% Prairie Ofl & Gas. ... 7 Prairie Pipe Line. ... 5% Pressed Steel Car... 19% Proctor & Gam(1%). 97 Proc & Gamb pf (5). % Producers & Refin. .. 3 Prod & Refiners pf... 33% Pub Sve N J (2.80).. 68 Public Sve NJ pf (5) 80 Public Sve NJ pf (6). 89% Pub Sve G&E pt (5). 18 Pullman Corp (3)... 215 Pure Ol . 30 Pure Oil pf (2) 23‘6 2% 11% 4% 16% o 3 RadioCorp..... 13% Radio Corp pf (A). 612 Radio Corp pf (B). 1 Radio-Keith-Orph... 4% RR Sec I11 Cent Stk 5 Raybestos-Man (60c) 2315 Reading Rwy (1) 25 Reading 1st pf (2 23% Reading 24 pf (D). 51 Reai Silk Hosiery. % Reis (Robert) & Co. 2% Remington-Rand.... 7i Rem Rand 1st pf 1% Reo Motor Car. 4 Republic Steel 5 14% 2 Fre¥s waes At d b © FEPERFEEFE HEIFHEELD =5 + % + W +1% +2% + % -2 +1 Y @ +3% + % +4% + % -1 + % 5% + % 19% —4% 4% + W 4% 4% 4% + % 14% 86 2% 3% 8% % 215 14% 6 10% 24% 1% % 2% 11:00 A M. 1:00 P.M. / FINANC Today's D" Republic Steel 2. ..+ 1% Revere Copper. & Reynolds Metais(1). 1% Reynolds Spring. 2 Rossia Ins of Amer. 17% Royal Duteh (80%c Safeway Stores (3).. Safeway Strs pf (7). St Joseph Lead. . Seaboard Alr Line pf Seaboard Ol Del §0c. Sears Roebuck. Second Nat Inv Servel Inc. .. 1% Sharon Steel Hoop. .. 2% Sharp & Dohme. . 5% Shattuck(FG) (24c). Shell Union O11 m Stmmons Co. .. 4% Simms Petrolm (3Se) 3 Skelly Ofl.. 7 Sloss Sheffiel 814 Sloss-Sheff Steel pf.. % Snider Packing Z 6 Secony Vacuum 15% So Port Ric Sug 1.60. 174 South Cal Edison(2). 11% Southern Pacific. ... 4% Southern Raflway... 5% Southern Railway pf 4% Spang-Chalfant. 17% Spang Chalf pf. % Sparks-Withingi % 24 Sperry Corp. 1 Spiegel-May- 13% Standard Brands (1). 5% Stand Gas & Klec. . 8% Stand Gas & Elec pf.. 20 Stand Gas&El pf (7). 1 Stand Invest Corp. .. 1914 Stand Ofl of Cal (1).. 9215 Stand Oil Exp pf (5). 123 Stand Oil Kansas. ... 22% Stand Oil N J (1) 4 Starrett (L S). % Sterling Secur (A) 1% Sterling Secur pf.... 20 Sterling Secur cv pf. 2% Stewart Warner. 5% Stone & Webster. 13 Studebaker Corp. 9 Studebaker Corp pf. 85 Sunoil (1).... % % 2 1 % Symington. % Symington (A) 8% Telautograph (1) 1% Tennessee Corp 10% Texas Corp (1)...... 15% Tex Gulf Sulphur(1) 1% Tex Pacific Coal&Oil. 3% Tex Pacific Land Tr. 5 Thatcher Mfg Co. 1 Thermoid Co. 4% Third Avenue, J 5% Thompson Product: % Thompson Starrett. . 3% Tide Water Asso Of 23% Tide Water Assoc pf. 9% Tide Water Oil.... 1% Timken-Detroit Axle 13% Timk Roll Brg (.60). 2% Transamerica Corp. 2% Tri-Contl Corp.. . 20% Trico Products(2%). % Truax Traer Coal.... ‘Truscon Steel. . Ulen & Co. Und-Ell-Fisher (50¢) Unfon Carb &C (1).. Un Ofl of Calif (1). Union Pacific (§).... Union Pacific pf (4). Unit Afreraft. Unit Am Bosch. United Biseuit (1. Unit Carbon. .. Unit Corp (40¢) Unit Corp pf (3). Unit Dyewood. Unit Electric Coal. Unit Fruit (2)... Unit Gas&Im (1.20). Unit Plece Dye Wks. Unit Pce DW pf 6%. U & Express. U S & Forn Se US & Forn Sec 1L, Us F'Nllhl. aes 15 12% 1% 1% Leather (A).... Pipe&Fdy (50¢). U S Tobacco (4.40).. United Stores (A)... Unit Stores pf (3%). Univ Leaf Tob (2)... Univ Pictures 1st pf. Tniv Pipe & Rad. Utl] Pwr & Lt (A). Vadsco Sales Corp. Vanadium Corp Van Raalte. . Va-Car Chem 6% pf. Vulcan Detinning 57 Vulcan Detin pf (7) 1% Wabash RR . 1% Wabash pf (A). 5% Waldorf System. .. % Walworth Co. . % Ward Baking (B) ll% Ward Baking pf (. Warn Bros Picture % Warner Quinlan. 2% Warren Bros Warren Broscv pf, . 280! Warren Found & P. Wells Fargo. ... Wesson O & Sn’ (BOC) West Pa Elec A (7).. West Pa Elec pf (7). West Pa Pwr pf (6).. West Pa Pwr pf (7). Western Dairy pf B Western Maryland. % Western Md 2d pf... Western Pacific. . Western Pacific pf... Western Union. . Westing’se Air B(1). Westinghouse Elec. . Westinghse 1st (3%) Weston Elec Instru.. Westvaco Ch] (40c) Wheeling Steel. White Rock M S i White Sewing Mach. White Sew Mch pf. Wilcox Oil & Gas. Wilson & Co. . Wi'son & Co (A). Wilson & Co pf. Woolworth (2.40) Worthington Pump Worth'n Pump pf B Wrigley (Wm) (3).. 7 Yale & Towne (60c). 2% Yellow Truck....... 3% Young Spr & Wire. .. 7% Youngstown Sh&Tr 1 Zenith Radlo. .. 3% Zonite Products. RIGHTS—Expire. % Nat Dist P...May 29 Sales A“M.m la'. Close. ehn 1 58 34 2% ll 2 45 108 21 14% +3% % 1% + % 30t 26% +1 24+ 4% 4% + % 9+ M| 5% + % Spencer Kellogg(60¢) . + % of its old high. 34%, +1% 14% \+ 3% 93% +4% 66% — % 28% +1% 7 +1% 23% + % 204 +1% 8% + % 85% +1% + 4 P S ++ (3 FOFER 4t AT s & e 24 2508 7 20s 108 30s % % % P % % % % .‘:“*'*‘”‘ +2% | 4 +2% +1% +2% 177 2% Sales of Stocks on New York Exchange. 800,000 2,050,000 12:00 Noon. 2:00 P.M. Dividend rates 8s given in the above table are payments based on the latest quarterly or half-yearly declarations. sURit of trading less than 100 shares. 4% in stock. in special preferred stock. stock. aPaid last year—no e Payable in cash or stock. d Plus 8% In stock. & Payable in scrip. hPaid this year. tPartly extra. 3Plus regular rate. b Payable in 1 Plus $1 |Wuhington Producel 'WHOLESALE PRICES. Butter—One;pound prints (93 score), 25; tub, 24; one-pound prints (92 score), 24: tub, 23; one-pound prints (91 score), 23; tub, 32; one-pound prints (90 score), 22; tub, 21. | Hannery, 12a12%; current Te- neipu. 11-11'/2, Government graded, ! extras, 16%; standards, 1412; medium, alive—Turkeys, hens, 15% + % toms, 10; chickens, Plymouth Roch. 51 18a20; Leghorns, 14al6; fowls, 13al4; Leghorn fowls, 10all; roosters, 6a7. Poultry, dressed—Turkeys, hens, 18; toms, .13; chickens, Plymouth Rocks, 2la23; Leghorns, 17a19; roosters, 9al fowls, 13al4; roosters, 9all Meats—! pork lolns, 121%; hams. 14;"strip becon, 14%} fard 3% light, 4.50a4.85; 0085.50; Spring lambs, 4.008’ m com] Live M—H ‘medium, 4.5085. 15 Pruits—Wi Leghorn fowls, 0; Long Island ducks, 13al4. Beef, 11; veal, 10; lll‘n 15; fresh hams, 1 atermelons, = 60a75; q taloupes, California jumbo crates, &Wfllqunh, 1.50; carrots, crate, 17.50; pineapples, 2.2583.00; strawberri 75a1.00; tomat 13al 3 smoked 1.25; 4.5085.00; 25250; es, crates, 1.50a3.50; honeydews, 1.25a1.75; oranges, 2.50a3.50; grapefruit, 1.75a2. ‘egetables—Potatoes, new, per barrel, 3.0023.50; old, Maine, 100-pound sacks, New York, 115 sweet, 60a65; peas, 75a1.00; string beans, 1.7 calves, | limas, 4.00; peppers, :.wu | Iceberg, 2.5083.00; n spinach, 40a50; 582.00; letce, kale, y.'ISllJG: , 1.50; beets, lugs, 1.78 IAL. | MARKET RESUMES !Most Groups Show Upward Tendency, With' Activity - Gaining on Rise. BY GEORGE T. HUGHES. Special Dispatch to The Star. NEW YORK, May 23.—The advapge | in the stock market was resumed today. | Gains running from 1 to 5 points asid in the case of a few specialties to &n even greater amount were in trading which was increasingly ac- tive on the advance. New highs for 1933 were uuhlls!pd | by such typical stocks as Allied Chem- {ical and Union Pacific. Other notably strong issues were Industrial Rafdn and National Distillers Products. .o Commodities went along with stoelis. July cotton in jthe late afternoon was up $1.50 a bale. Wheat closed 17%t0 2% cents higher. Other grains made proportionate gains. bid It was reported that plans whre being formulated in Washington :d0 stabilize the dollar in terms of foreign currencies. Today’s fluctuations in the exchanges were moderate, but in the main against the dollar. s Stocks opened higher on an accumia- lation of overnight buying orders. m continued to advance for two although not quite so l'lpldly m fl- centive seemed to be, first, the way=in which_the market had rallied at the close Monday after the early irrega- larity, indicating no pressure to seM; and, second, the unofficial statemeht that the Federal Reserve had begun its open-market operations according >to the control inflation program. The steel stocks figured prominertly in. the early trading. United States Steel preferred ran up ovér 3 poimts, National Steel more than 2 points sid the others in proportion. Motor stodks were strong from the start. Aubuih, which had been comparatively neglecs- ed last week, waaup!poinuatnflh General Motors at the same Du Pont pushed ahesd in sympathy with the strength in Gen- eral Motors. ‘The pivotal industrials, Allied Ch.! ml. American Oan. Westinghouse Eleé- tric, Eastman Kodak, were all actively bought and in the case of Allied Chem- ical at new high prices. The strength in the utilities was slower to dev but eventually they fell into line. Wi ern Union, American Telephone, Com- solidated Gas and some of the Pacific Coast stocks were among the features. 01 ar Steel Production Gains. ., YOUNGSTOWN, May 23 () —RE- % 1list and production in the thorities said, upened at 43 per for the week, 1 per cent h!xhar anticipated. Cloth Sales Exceed Qutput. NEW _YORK, May 23 (#).—The Hew York Cotton Exchange Service sales of cotton cloth last week ued in excess of mill production. with production currently at the bldn‘ rate in years. ..., nusnn:ssrmuusrxwm NEW YORK, ll\y I! m week’s business insolvent empuedwlth!flinmptmw and 720 _in the same week last year, Dun & Bradstreet, Inc., s A U. 8. TREASURY BALA!GE"- By the Associated Press. ‘Treasury $3,764,243.86; 357.12; balance, tom duties for 20 % 250,274.28. $ Silver Quotations. NEW YORK, May 23 (#).—Bar ver quiet; unchanged at 33%. - RS2 I5RR 2L RIBLRI W (v * & ¢ & W e & W. 3 Louiagille & Nashyille & 1931 1 New York Cent, & . 4 3 2 L3 b 22223 97% e 113 NEW YORK BANK srocxs’ NEW YORK, May 23 (#).—Over-i fl‘- counter market. Quotations as of 2 o'clock. S BANKS. | Bk Mauhattan (2) Chase National Commeretal (8) Fifth Avenue (43a). H!;t National 4!00) o Public () 7. (1.60) | Onited Biates (@ () Includes_extr: WILL SELL Southeastern Industrial Bnhn' Umu @ $5.50 Per R 1 are 7% Preferred 2 snares—volins ‘Commen <! THE COLUMBIA CO, 700 Southern Bid; interest earned 4.8 times brlhu report and di Free Upon Request George M. Ferris & Co Inc Washington Blds. Nat. 3025 6% Interest JAMES F. SHEA 643 Indiana Ave. N.W.