Evening Star Newspaper, May 26, 1933, Page 14

FINANCIAL.S |UPTURN IN STOCKS CARRIED FURTHER FRIDAY, MAY 26, 1933. ENING STAR, WASHINGTON, D. C. FINANCIAL. WASHNGTON GAS |[ TRANSACTIONS ON THE NEW YORK STOCK EXCHANGE Received by Private Wire Direct to The Star Office. Today's Stock and Dividend Rate. Stock and ~Prev. 1933~ Lot ' —_— REVENUES I]EBI.INE P Net. | —Prev. 1933, Stock and ates Net. | ~Prev. 1933 ~Prev. 1033~ k. ~Prev. 1933. s ~Prev. . ol s e et 0. . Low. Close. Chse. | High. Low. . Dividend Rate. _ Add 00. : High. 2 8 99 & 90% 90 9 5 April Report Shows Drop of $28,433 From Last Year’s Total. BY EDWARD C. STONE. Operating revenues of the Washing- ton Gas Light Co. amounted to $541,402, against $569,835 in April, 1932, or a de- crease of $28,433, according to the monthly statement filed with the Pub. lic Utilities Com- mission today. Operating ex- penses, including taxes and uncol- lectible bills, to- taled $342,541, in comparison Wwith $345,010 in April, 1932, leaving a net operating income of $198,861, against $224,825 last year. Non - operating income _de: ed from $15370 to $7,173 this year, leaving & gross corporate income in April of $206,034, compared with $240,195 in the same month last year. After interest deductions, the gas com- pany reported total net income for the month, before dividends, of $133.273,1 compared with $170.291 in April, 1932, & decrease of $37,018. The gas company also reported earn- ings for the four months of the present year, showing operating revenues of $2,240,415, against $2,300831 a year ago. Operating expenses, taxes and un- collectible bills amounted to $1,423,393, compared with $1426225 last year, leaving an operating income of $817,- 022, against $874,606 in 1932. Non-operating income declined $26,- 495, a deficit of $4,615 being reported in this account, resulting in a gross rate income of $812,407, compared with $896,486 for last year. After in- terest deductions, the net income totaled $461,871, against $625,141 for the same period last year, or a decrease of $163,270. Poole to Work for Depositors. Announcement that John Poole, pres- ident and conservator of the Federai- American National Bank & Trust Co., will devote all his time to liquidation of the old bank and not become an officer in the proposed new Hamilton National, ‘was widely commented on today among the institution’s clients. Depositors feel that they will fare better than if Mr. Poole were to divide his time between two positions. The veteran banker faces a big task. Federal-American officials state that the bank will turn over $5000,000 in live assets to the Hamilton National, which will make 50 per cent of deposits avail- able when the new bank getsits charter and opens for business. There will then be $8,500,000 in slow assets left to be liquidated by the con- servator, Mr. Poole. His great aim.will be to save just as much as possible for d and stockholders. Such ex- tensive liquidation will b;ly‘flm“w{t tg ars, ps two, possil ive. z;um%u that assets which would bring very little at present can eventually be disposed of to good advantage. Some of the directors hope that the Federal- ‘American can finally pay out in full. Conditions over a long period will de- termine the accuracy of such & possi- bility. The Chevy Chase Savings Bank is another local institution which hopes to pay its depositors in full. When the Riggs National opens the Chevy Chase bank as a branch, on June 15, John C. ‘Walker will continue his duties as con- servator. He is president of the bank. but it is understood that he, too, will give all his time to the liquidation work and not become a member of Riggs’ official family. Bond Club Oiting Boosted. Prank P. Morse, chairman of the ‘Washington Bond Club’s Information Committee for the annual cuting on Friday, June 2, predicts a record attend- ance. Myles H. Quail, chairman of the “Big Board” Committee, will act as president of the al fresco stock ex- change session and has appointed James P. Nolan, T. Baker Robinson, Carroll Morgan, C. Fentcn Cramer and Aubrey G. Lanston his star customer men to handle orders for particularly important guests from the financial sections of ‘Washington, Baltimore, Philadelphia and New York. Although the open-air stock ex- change sessicn is probably the most popular feature of Washington Bond Club annual outings, this specialty will have strong opposition next Friday from the following competing committees: Golf, L. Clark Brown, chairman; Ping- Pcng, Carroll Morgan, chairman; Horseshoe _Pitching, Munford Ellis, chairman; Putting, James Weir, chair- man; Refreshments, C, C. Ailes, chair- man, and Dinner, Carl R. Kurtz, chair- man. Although relaxation, sports and whole- some fun are the more heavily adver- tised features of next Friday's outing, the Bond Club will interrupt the day and evening program at the Manor, Country Club long enough to elect offi- cers for next year. The Nominating Committee, of which James M. John- ston is chairman, has proposed the following ticket: President, Frank P. Morse; vice president, James P. Nolan: secretary-treasurer, James H. Lemon; governors, Carl R. Kurtz and T. C. Montgomery. Georgetown Gas Net Slumps. Operating revenues of the George- town Gaslight Co. amounted to $120,- 758 against $115,077 in April last year, or an increase of $5,681, according to the monthly statement filed with the Public Utilities Commission today. Operating expenses, including taxes and uncollectable bills, ‘totaled $113.190 in comparison with $96,020 in Aprfl, 1932, leaving a net operating income of $7,568 against $19,057 for the previous year. Non-operating income increased from $1,493 to $1,538 this year, leaving a gross corporate income in_April of $9,106 compared with $20.550 in the same month last year. After interest deductions, the Gas Company Teported a net income for the month of $4,698 against $16,010 in April, 1932, a de- crease of $11,312. The Gas Company also reported earnings for the four months of the present year showing operating reve- nues of $505248 against $497.843 a year ago Operating expenses, taxes and uncollectable bills amounted to $475,279 against $416,415 last year, leav- ing an operating income of $29.969 compared with $81,428 in 1932. Non-operating income amounted to $6,974, an increase of $657, resulting in a gross corporate income of $36,943 in comparison with $87,745 for last year. After deducting interest charges, the net income totaled $19.440 against $69,594 for the same period last year, or a decrease of $50,154. Today's D. C. Exchange Trading. | Washington Railway & Electric 4s, were in unusual demand on the Wash-| ington Stock Exchange today. —They, opened with $2,000 selling at 84, fol-| lowed by $2,000 at 84;, and by $6,000, $3,000, $2,000 and $500 moving at 84'z. After call, $1,000 Anacostia & Poto- mac Railroad guaranteed 5s came out on the board at 92. Trading then turned to stocks, 10 shares of Potomac John Poole. Electric Power 6 per cent preferred sell- ing ex-dividend at 109, and another small lot at 109%. The day's trading closed with two sales in Washington High. 8614 9 6 18% 10% 4% 1% 78% 4 18% 214 54 Low. Dividend Rate. 80 Abram Strauss pt (7) 1308 3 Adams Express. 82 39 Adams Express pf... 8 Adams Millis 51 Addressograph 1% Adv Rumley. 7% Affiliated Prod 1.20 47% Alr Reduction (3).. © Airway Elec Appl. 11% Alaska Juneau(60c: % Alleghany COrp. ... 1 Alleg Corp pf $30ww. 1% Alleg Cp Df $40 ww.. 1% Alleg Cp pf 330 xW. 5 Allegheny Steel. 70% Allied Chem & D (6). 115 Allfed Chem pt (7)... 6 Allis-Chalmers Mfg. 5% Alpha Port Cement. . 5% Amal Leather. 1815 Amerada Corp 7% Am Ag Chem (Del).. 8 Am Bank Note...... 34 Am Bank Note pf (3) 1 Am Beet Sugar...... 2% Am Beet Sugar pf. 914 Am Brake Sh&F 60c. 49% Am Can (4) . 6% Am Car & Foundry.. 15 Am Car&Foundry pf. 34 Am Chicle (13) . 18 Am Comc'l Alcohol. . 1 A.n Encaustic Tiling 3% Am & Forelgn Pwr.. 4% Am & For Pw 2d pf.. 4% Am Haw Stship (1).. 215 Am Hide & Leather.. 131 Am Hide & Leath pf. 2915 Am Home Prod (3).. 3% Am Ice Co. .. Arr ice pf (6) Am International. 57 Am Locomotive. 17% Am Locomotive 8% Am Mach&Fdv(80c). 1 Am Mach & Metals 31 Am Metal Co. 15'% Am Metal pf. 4 Am Power & Light 9 AmP&LS$5pf (1%). 9% Am P&L $6 pt (1%). 4% Am Radiator........ 81'3 Am Radiator pf (7). 5% Am Rolling Mills 20% Am Safety Razor % Am Seating... % Am Ship & Com. 11% Am Shipbuilding (2), 10% AmSm&Ref........ 20% Am Sm & Ref 6% pf.. 31 AmSm & Ref 7% pf.. 42% Am Snuff (13%).. 4% Am Steel Foundry... 37% Am Steel Fy pf (2) 30 Am Stores (12%4). 21% Am Sugar (2) 80 Am Sugar pf (7). 6 Am Sumatra Tob, 8615 Am Tel & Tel (9).. 49 Am Tobacco (5). 50% am Tobacco (B) (5) A 102% Am Tobacco pf (8) 10 Am Type Fdrspf.... 10% Am Water Works(1) 915 Am Wat Wks ctfs(1) 315 Am Woolen. 22% Am Woolen pf. 214 Am Zinc & Lead. 20 Am Zinc & Lead p! 5 Anaconda Copper. 814 Anchor Cap (60c). 9% Archer-Danfels (1).. 41 Armour of Del pf(7). 1% Armour of 11l (A)... % Armour of 111 (B).... 7 Armour of Il pf. 114 Arnold Constable. 2 Artloom Corp..... 3 Associated Apparel 3% Asso Dry Goods. 18 Asso Dry G 1st pf. 15 Asso Dry G 2d pf 34% Atchison.... 50 Atchison pf (5) 16 Atlantic Coast Line., 12% Atlantic Refining(1). 9 Atlas Powder s 1% Atlas Tack. . 31% Auburn Auto (2) % Austin Nichols 5% Aviation Corp ( 3, Baldwin Locomot.... 9% Baldwin Locomot pf. 8% Baltimore & Ohfo.... 9% Baltimore & OHlo pf. % Bang & Aroos pf (7 Barker Bros pf.... Barnsdall Corp. Bayuk Cigars....... Bayuk Cig 15t pf(7). Beatrice Creamery. Beech-Nut Pkg (3) Belding-Hemingway. Bendix Aviation. Best & Co.... Bethlehem Steel. Bethlehem Steel pf Bigelow-Sanford 4 Blaw Knox...... Bloomingdale Bros Bobn Alumn & Brass Borden Co (1.60). Borg Warner. 55 Boston & Matne. ..., Botany Con Min (A). 4 Briggs Mfg Co. .. Bklyn Manhat Tran., 4 Bklyn & Queens. s Bklyn Union Gas (5) 4 Brown Shoe (3) Brunswick-Balke. ... Bruns Term & Rwy: Bucyrus-Erle. .. % Bucyrvs-Erie cv pf. Budd (E G) Mfg. Budd (E G) Mfg pt. Budd Wheel. .. 4 Bullard Co. Bulova Watch. . Burr Add Mach(40c) Bush Terminal. . 4 Butte Copper & Zi Butterick Co. Byers (A M). - Bvers (A M) pf (2) “alifornia Packing. % Callahan Zinc & Ld. 2 Calumet & Hecla..... 2 Campbell-WyantFy, 1 715 Canada Dry G A (1).: 192 40 Canada South (3).... 108 7% Canadian Pacific. 14 Cannon Mills (1) 415 Capital Admin (A) 30% Case (J I) Co.. 41 Case (JI) pf (4) 5% Caterpillar Tractor.. 4% Celanese Corp 1; Celotex Co. % Celotex vte. 114 Celotex pf. 14 Cent Aguirre (13%) 2 Century Rib Mills. 5% Cerro de Pasco. 1 Certain-teed Prod. 24% Ches & Oh1o (2%)... 147 Chesapeake Corp (2). 3 Chi & EasternIll.... % Chi & Eastern Il1 pf.. 1% Chi Great Western. ., 215 Chi Great Westn pf.. 6 Chilnd & Louisv pf.. 1 ChiMilStP&Pac... 1% Chi Mil StP & Pac pf. 1% Chi & Northwestern., 2 Chi& Northwest pf.. 214 Chi ’'neumatic Tool., Chi Rock 1 & Pac.... Chi R 1 & Pac 6% pf.. ChiR I & Pac 7% pf. i Yellow Cab (1).. ickasha Cot O(1 2 Childs Company.. 7% Chrysler Corp'n. Tix City Ice & Fuel (2).. 45 ity lce&Fuel pf 6%. 40 City Investing (3) % City Stores. ... 11 City Stores (A). 5 Clark Equipment. ... 10 Cluett-Peabedy (1).. 73% Coca-Cola Co (7).... 7 Colgate-Palm-Peet. . 49 Colg-Palm-P pt (6).. 3 Collins & Atkman 314 Colo Fuel & Iron 123 Colo & South 1st pt. 10 Col & Southn 2d pt... 9 Columb G&EI(b80c). 6% Columbia Plct vic. 23% Columb Carbon (2).. 4 Commercial Credit.. 16 Come'l Credit (A). 70 Comel Cred 1st(63). 184 Comcl Cred pf B (2). 18 Comel Inv Trust (2). 84 Comel Invev pfies). 9 Comecl Solv (60c).... 1% Comwlth & Southn 21 Comwlth & Sou pf(6) % Congol-Nairn (60c) . Conn Railway & Lt.. 31 Consol Cigar........ 38% Con Cgr pr of xw6% ., ;-,« Conlolll;;ll:..’ o . 5% Zonsol D Q.. Congol Gas NX (! 90 9 65 17% +3% + % +2% +u A I I ++1+11 5% 9% 8% 1% 8 31 11% 16 678 5% 13% 11 Consol Gas NY pf(5) 2% Consol Laundries. 5 Consol Ofl Corp Cons RR of Cuba Consol Textile. .. Container Corp (A) Sontainer Corp (B).. Contl Baking (A) Contl Baking (B) Contl Baking pf (4) Contl Can (2). 4 Contl Diamond Fil Contl Insur (1.20) Contl Motors. Contl Ofl (Del). Corn Products (3). Corn Prod pf (7). Cream of Wht t2%. Crosley Radio.. 4 Crown Cork & Seal. Crown C&S pf (2.70). Crown Zellerbach. Crucible Steel. . Crucible Stecl pf. “uban-Am Sugar pf. « Cudahy Packing 2%. Curtis Publishing. .. Curtis Publishing p2. Curtiss-Wright..... Curtiss-Wright (A) Cutler Hammer. . 1% Davega Stores 6% Deere & Co pf (20c) 37% Delaware & Hudson. 17% Del Lack & Westn 2 Denver & RG W pf. Detroit Edison (4)... Devoe&Raynolds(A) Diamond Match (1).. Diamond Mach pf 1% Dome Mines (1.55).. Dominion Stores 1.20 Doug Alreraft (75¢). Dresser (SR)Mfg(B) Drug Inc (3)... 4 Duluth § S & Atl. Dunhill Internatl. . 32% Dupont de Nem (2).. 90 Duquesne Lt 1at (5).. 9% Durham Hosiery pf., 1% Eastern Roll Mills..; 46 Eastman Kodak (3).. $'4 Eaton Mfg Co. . % Eltington-Schild. 4 Eitington-Schild 1st. 10 Elec Auto-Lite. . 78% Elec Auto Lite pf(7). 1 Electric Boat...covee Elec & Musical Instr. T'4 Elec Pwr&Lt $7 pf... 21 Elec Stora, % Elk Horn Coal.... % Elk Horn Coal pf. 26 Endicott-Johnson(3) ‘4 Engineers Pub Sve. .. 15 EngPSwwik%.. 201 Eng PS 6% pf.. 6'4 Eqaitable Of Bld(1) % Evans Auto Prod. Fairbanks Co pf Fairbanks Co pf ctf: Fashion Park Asso. . Fashion Park As pf Fed L & Tr pf (6). Fed Mines & Sm pf. i Federal Mot Truck. Federal Screw Wks. . Fed Water Service A. Fed'd Dep Stra(60c) .. Fidelity-Phoen 1.20., Filene’s Sons pf 6%.. Firestone T&R(40c) o Firestone T&R pf(6), First Nat Strs (2%) 4 Florsheim Shoe (A) Follansbee Bros. . Food Machinery.. Foster-Whealer. Foundation Co...... Fourth Nat Inv 1.10.. % Fox Film (A). 1614 Freeport-Texas (2) 4__Fuller Co 2d pf. 6% Gamewell Co. .. 2% Gen Am Investors. 42 Gen Am Invpf ww 6. 13% Gen Am Transport. . 4% Gen Asphalt....... 13 Gen Baking (2). 2% Gen Bronze. 1% Gen Cable... 2% Gen Cable (A. 6l Gen Cable pf 29 GenCigar (4). 10% Gen Electric (40c). 10% Gen Elec spec (60c) 21 GenFoods (1.60).... % Gen Gas & Elec (A).. 10 3% Gen GEE 6% cvpfA. 1 7 Gen Gas&El17% pf A. 108 35% Gen Mills (3)... 10 Gen Motors (1). 65% Gen Motors pf (5) 2% Gen Outdoor Adv. 5% Gen Outdoor Adv ( Gen Public Service. ., sen Ry Signal (1)... Gen Realty & Util... Gen Realty & Util pf. Gen Refractorfes.... Gillette Saf Raz (1).) Gimbel Bros......cu Gimbel Bros pf. Glidden Co Glidden Co Gobel (Adolf) Gold Dust (1 2 Goodrich (BF)... Goodrich (B F) pf. Goodyear Tire&Rub. Goody'r T&R 1st (2). 7% Gotham Silk Hoslery. 1 Graham-Paige . 37 Granby Consol. 3% Grand Unfon. . . 22% Grand Union pf (3). 15% Grant (W T) (1). 4% Great Northern pf. 5% Great Northern Or: 7 Great West Sugar... 72% Great Wn Sug pf(7). % Grigsby Grunow. % Guantanamo Sugar. 2% Gulf Mobile&Nor pf. 6% Gulf States Steel. ... 16% Gulf States Stl 1st pf 15 Hackensack W (1%) 1% 3% 2'3 Hamilton Watch. 6's Harbison & Walker. % Hartman Corp (A).. Hartman Corp (B).. Hat Corp (A). Hayes Body. Hercules Pow: Hercules Pow pf (7). 4 Hershey Choc (3).... Hershey Choc pf(15) Holland Furnace. ... 4 Hollander Sons. Homestake M(110).. Houdaille-Hersh(A). Houdaille-Hersh(B). Househd Fin pf 4.20. Houston Ofl.... » Houston Oll (new).. 515 Howe Sound (40c). 1115 Hudson Manhatta 3 Hudson Motor Car. Iliirols Central..... Illinols Central pt. .. Indian Motor Cycle. . 4 Ind Motor Cycle pf. Indian Refining. ... . Industrial Rayon (2) & Ingersoll-Rand(1%). Inland Steel.......e0 Inspiration Copper. .. Insuranshrs Del 15¢.. Insuranshares (Md). Interboro Rap Tran: Intercontl Rubber. Interlake Iron.. Int Agriculture IntJus Mach (6 Int Carriers Ltd 2 Int Hydro-Elee (A).. Int Merchant Marine Int Nickel of Can. Int Paper pf........ 2 Int Paper & PWr (A). Int Paper & Pwr (B) Int Paper & Pwr (C). Int Paper & Pwr pf.. Int Printing Ink Int RysCent Am.... Int Rys Cent Am pf. e ‘e -% L4+l l+4++ +0+ 4110 EEEREPE S DS SSS a3 oW FEFEPELEEES At ++ ¢ 33 HERRE b 4] 2322 ERRERE Enan +1% + % -2 + % % 6 +1 216%+17% 10% + % 4% + % 48 +2 +1% [ FF FEER + % 11 Island Creek Coal(2 3714 23 Jewel Tea Co (3) 321% 12% Johns-Manville 70 42 Johns-Manvillepf... 2308 ] 74% 35 Jones & Lauzh pf(1) 270s 18% 6% Kansas City Southn., 15 29% 12 KanCity Soupf (2).. 9 v Kaufmann Dept St. 13% Kayser (J) &Co..... Keith-Albee-Orph pf. 4 Kelly Spring Tire. Kelvinator Corp. Kendall Co pf (6). Kennecott Coppe Kimberly-Clark. Kinney (G R) Co pf.. 1 Kresge Dept Stores. . 5! Kresge (S 8). 14% Kroger 5 60 61 3714 36 ~221 104 3% 16 5% Leh Port Cement. ... 1 Lehigh Valley Coal.. Lehigh Val Coal pf. . % Lehigh Valley R R 7% Lehman Corp (2.40).. Lehn & Fink (2)..... % Libbey Owens Glass. Liggett & Myers(t5) Ligg & Myers B (15). Ligg & Myers pf (7). Lily Tulip Cup (1%). Lima Locomotive...; Liquid Carbonic. Loew’s Inc (1). Loews Inc pf (6%%).. Long Bell Lumb(A). Loose-Wiles Bis (2). Loose-Wiles 1st (7). Lorillard (P) (120). Lorillard(P)pf (7).. Louisiana Oil..... Louisiana Ofl pf. . Lou Gas&El A (1% Louisville & Nash. Ludlum Steel 914 McAndrew Forbes(1) MeCall Corpn (2).... McCrory Stores A. 21 AcCrory Stores pf. 3 McGraw Hill Pub. 27% MeIntyre P M(t1%). 81% McKeesport T P (4).v 5% McKesson & Robbins 12% McKesson & Rob pf.. 1 McLellan Stores. 8 McLellan Stores pt. . 35% Mack Trucks (1).... 57l Macy (RH) & Co (2). 14 Magma Copper...... 3 % Mallison & Co. 5 3% Manati Sugar % Manati Sugar 6 % Mandel Bros........ 24% Manhattan Elev gtd. 164 Manhat Elev mod gtd 11% Marine Midld (80c).. 2% Market Street Ry. 16% Marlin-Rock (1). 1% Marmon Motor Car. . 13% Marshall Field & Co.. g;% Mathieson Alk (13%). 18% Melville Shoe (1.20) 9% Mengel Co. Mesta Machine 194 2314 3 Mid Continent Petm.. Midland Steel Prod.. Minne-H' well Reg. ... Minn Moline Pow. Minn Moline P pf. Missouri Pacific. Missourl Pacific pf. Mohawk Carpet. .. Monsanto Chem 1% .. Montgomery Ward. . Morrell (J) & Co (2) x Mother Lode. Motor Meter Motor Products. 1% Motor Wheel. 1% Mullins Mfg. 5 Mullins Mfg 8t 1% Marray Corp. 11% Nash Motor 13 Nash Chat& 11% Nat Acme Co.. 31% Nat Biscuit (2.80). 54 Nat Cash Reg (A 10% Nat Dairy Prod 1. % Nat Dept Stores..... 1% Nat Dept Strs 1st pf. 180s 167 Nat Distillers. .. . 564 24 NatDist prpf (2%). 5 Nat Enam & Stamp. . 43% Nat Lead (5). §7 Nat Pwr & Lt % Nat.Ry Mex 2d pf. 15 NatSteel (50c) 4 Nat Supply Co. 17 Nat Supply pf... 1% Nat Surety....... 6'4 Nat Tea (60c) 1% Neisner Brothers 4 Nevada Con Copper 1% Newport Industrie 19 6% N Y Air Brake 30% 14 NY Central.. 10% 2% N Y Chicago & 2% N CChi &St Lpf. 11% N Y N H & Hartford. % N Y Ont & Western.. " Railways pf. 1% N Y Shipbldg (40¢c) 69% 31 N Y Shipbldg pf (7). 110 93% N Y Steam 1st pf(7). 26% 173 Noranda Min (a1.10). % 1 Norfolk Southern 111's Norfolk & West ( 4 North Am Aviation 31% 15% North Am (b8 % stk 8 5 North German Lloy 9% Northern Pacific. . ... 38% 26% Northwest Tele (3).. 2% 1% Norwalk Tire & Rub. 11% 4% Ohlo Oil.... 4% 1% Oliver Farm Equip 17 3% Oliver FEqprpf A 6 1% Omnibns Corp. .. 11% 2% Oppenheim Collins 18% 10% Otis Elevator(60c)... % 15 Otis Steel - 6! 76% 31)s Owens [11 Glass (2).. 31% 20 Pacific Gas& El (2).. 43% 25% Pacific Lighting (3). 23 6 Pacific Mills. 8214 65 Pacific Tel & Tei (6). 4% 1% Packard Motor Car 7 'a Par-Publixcts. 25% 6 Park& Tilford. 2% % Park Utah... s 2% % Parmeles ‘Transpor % % Path~ Exchange. 3% 1% Pathe Exchange (. 1% % 1% % Peerless Motor Car 251, Penick & Ford (1) 19% % 414 1’enn Dixie Cmt pf... 13% Penna RR (50¢)..... 41% Peoples Gas Chi (5)., 7y Peoria & Eastern 374 Pere Marquette 414 Pere Marquetta pf. 6 Pere Marquette pr p! 64 4% Petrol Corp of Am. 415 Phelps Dodee 213 Phila & Read C&I.. 8 Philip Morris&Co(1) 4% Phillips Petroleum. . 1% Phoenix Hoslery. . 1 Pierce Oil. . 37 Pierce Oil pf. % Plerce Petroleum 9% Pillsbury Flour (1) 1% Pitts Screw & Bolt. 10% Pitts Steel pf.... % Pitts Terminal Coa: % Pitts United Corp. 15% Pitts United pf. 6% Plymouth Oll. 1% Poor & Co (B) 1% Port Ric Am Tob(A) % Port Ric Am Tob(B). Postal Tel&Cable pf. Pressed Steel Car. .. Proctor & Gam(1%). Proc & Gamb pf (5). Producers & Refin. Prod & Refiners pf % Pub Sve N J (2.80).. Pub Sve G&E pf (5). Pullman Corp (3) Pure Oll. . 5% Purity Bakerles (1). 3 Radio Corp. 26% 13% Radio Corp p 6% Radio Corp pf (B) 1 Radio-Keith-Orph. :li;‘ SAJRRGes IU Cont BLE.s - Sales Net. Add 00. !sln. Low. Close. Chge. | High. 4 34 434 24% +1 3T +% +4 +1 +1% + % - % % -1 -1% 4+ kbbbt A +4+1 0 - i 19 & P4+ 44+ 101+ AR FESRESEERFER Raybestos-Man (60c) % Reading Rwy (1). Reading 1st pf (2). 4 Reading 2d pf (2) 4 Reai Silk Hosiery. .. Reis (Robert) & Co.. Remington-Rand. 4 Rem Rand 1st pf. Rem Rand 2d pt % Reo Motor Car Republic Steel Republic Steel pf. 1% Revere Copper. 6 Reynolds Metals. 26'% Reynolds Tob B (3) % Richfield Oil 2 Rossia Insof Amer., 173% Royal Dutch (8035¢). 6__Rutland R R pf. 28 Safeway Stores (3).. 80% Safeway Strs pf (7). 614 St Joseph Lead..... % St L Schulte Ret Stor pf.. Scott Paper (1.40). Seaboard Air Line. .. Seaboard Alr Line pt eaboard Ol Del 60c. § Sears Roebuck. Second Nat Inv. Second Nat Inv p eneca Copper. Servel Inc. ... Sharon Steel Hoop. .. Sharp & Dohme Sharp & Dohme pf(2) Shattuck(FG) (24¢). Shell Trasp't(53c). Shell Union Oil. Stmmons Co 4 Simms Petro Skelly Ofl ..... Sloss Sheffield S i Sloss-Sheff Steel pf. nider Packing. cony Vacuum % So Port Ric Sug 1.60. South Cal Edison(2). 11% Southern Pacific. ... 4% Southern Rallway... 5% Southern Railway pt 8 SoRyM&Octfs(4). 17% Sparng Chalf pf. % Sparks-Withingi % Spear & Co.......... 734 Spencer Kellogg(60c) 214 Sperry Corp. Spicer Mfg pf. .- Splegel-May-Stern. . Standard Brands (1), Stand Gas & Elec. Stand Gas & Elec pf Stand Gas&El pf (6). Stand Gas&EI pf (7). Stand Invest Corp. 1914 Stand Oil of Cal (1).. 9214 Stand Oil Exp pf (5). 123 Stand Oll Kansas. ... 22% Stand OIINJ (1). % Sterling Secur (A). 114 Sterling Secur pf. 21 Stewart Warner 5% Stone & Webster. 1% Studebaker Corp. 9 Studebaker Corp pf. 35 SunOil (1). - 7% Superheater % Superior O11 2 Superior Steel % Symington (A 81 Telautograph (1) 13 Tennessee Corp, 19 Texas Corp (1). 28% Tex Gult Sulphu 4% 13 Tex Pacific Coal&Oil, 314 Tex Pacific Land Tr. Thatcher Mfg Co. Thermoid Co. Third Avenue. Third Nat Inv (30c) . Thompson (J R) (1). Thompson Products. Thompson Starrett. Tide Water Asso Ofl. 2315 Tide Water Assoc pf. 45 Tide Wat Oil pf (5)™ 114 Timken-Detroit Axle 13% Timk Roll Brg (.60). 2% Transamerica Col 2% Transue & Wil 2% Tri-Contl Corp. 41 Tri-Contl Corp pf(6). 20% Trico Products(234). 2 Truscon Steel....... % Ulen & CO..evoeuneen 9% Und-Ell-Fisher(50c). 51 Union Bag & Paper.. % Union Carb & C (1). Un Oil of Calif (1). Union Pacific (6). 4 Union Tank Car 1.20. Unit Afrcraft. Unit Am Bosch. 4 United Biscuit (1. Unit Carbon. . 7 Unit Corp (40¢) Unit Corp pf (3).... Unit Dyewood. . . Unit Dyewood pf(7). Unit Electric Coal Unit Fruit (2)...... Unit Gas&Im (1.20).. Unit Gas&Im pf (5).. Unit Piece Dye Wks 13% 4 S Freight... S Gypsum (1) s s S Leather (A) S Leather pr pf. S Pipe&Fdy (50¢).. s s s s P&F 1st pf 1. aqacaaacagad Rubber 1st pf... 4 US Smtg & Ref (1). U S Steel U S Steel pf (2). U S Tobacco (4.40).. % United Stores (A)... Univ Leaf Tob (2) Univ Pipe & Rad 7 Uti] Pwr & Lt (A) 1% % Vadsco Sales Corp. 21% 7% Vanadium Corp..... 3% % Va-Car Chemical.... 1414 3% Va-Car Chem 6% pf. 44 12% Vulcan Detinning. .. 57 Vulcan Detin pf (7). 1'; Wabash RR .. : 11 Wabash pf (A) 5% Waldorf System Walworth Co. Ward Baking (A)... Ward Baking (B). Ward Baking pf (1). ‘Warn Bros Pictures. Warner Quinlan..... Warred Bros. Warren Bros cv pi Warren Found & P.. Webster Eisenlohr. . 4 Wells Fargo. ....... Wesson O & Sn (50c) Wesson O&Sn pf (4). West Pa Elec A (1).. West Pa Elec pf (6). West Pa Elec pf (7). West Pa Pwr pf (6).. West Pa Pwr pf (7). 4 Western Dalry pf A.. Western Dairy pf B.. Western Pacific p Western Unlon. ..... Westing’se Alr B(1). Westinghouse Elec. . Weston Elec Instru. . Westvaco Chl (40c).. Wheeling Steel...... White Rock M S (2). White Sewing Mach. 2 Wilcox Oil & Gas. ... 15 Wilcox Rich A (23%) 7% Wilson & Co. 4 Wilson & Co ( 19 Wilson & Co pf. 25% Woolworth (2.40) 8 Worthington Pump. . 6 Wright Aeronautical 341 Wrizley (Wm) (3).. 7 Yale & Towne (60c).. 6 2% Yeliow Truck 10'; 3% Young Evr & Wire. 2474 713 Youngstown Sh&T: T 8% Zonite Products. .... RIGHTS—Expire. % Nat Dist P...May 29 25 ™ 2 19 el Sales of Stocks on New M 970,000 1 2,250,000 2= 24 14 x 16% +3% 46 51 42 608 9% - 1% 3 1% + % 24 + % 2% 8% + % 9 8 +1 420s 3 26 +1 10s 38 29 % 0 6 28 400 281 26% 284 +1% 4 2% — % 5 40% +2% 8 % 265 5 +% 3 89 3 31 208 EFPER FEFRFEES ¥ R 6108 20s 2% +2% | 27% +3% | Market Moves Into New High Ground—Specialties Are Featured. BY GEORGE T. HUGHES. Special Dispatch to The Star. NEW YORK, May 26—Strong from start to finish, today's stock markef left off in new high ground. Gains in the more volatile issuey were spectaculer. New York & Harle ran up over 20 points and Homestal Mining more than 12 points. The al¢ cohol stocks registered large gains and |from time to time other groups werg Ifild up without too much discriminay in} n. In the last hour the standard stocl fell in line, giving the list a more 1: assuring appearance. Commodities were strong with sect rities. Wheat closed “: to 1% cen! higher. Foreign exchanges were dul :ut generally moved in favor of the jollar. Traders construed the reduction in the rediscount rate of the New York Federal Reserve Bank to 21, per cent bullishly as well as the reduction in brokers' loans. The two inferences were that the administration was determined to push its inflation program and that, despite the advance in the stock market, there has been no over-extension of margin accounts. In addition, trade news continued favor- able and commodities staged a sub- stiexl_lk:lal recovery. e stock market opened higher, with the gold mining shares the lead- ers. There was no new reason for the strength in this quarter of the market, but all the active issues were bid up ageressively, including Alaska Juneau, MclIntyre, which made a new high and Homestake, which sold above $200 a share again and within a fraction of its old hi Then the alcohol stocks were taken up, and here the gains were spec- tacular. National Distillers Products, which had risen 8 points the day be- fore, added 5 more, bringing it to a new peak price. U. S. Industrial Aleo~ hol jumped 7 points and American Commercial Alcohol went into new high ground. All of this, of course, repre- sented confidence in prohibition repeal, as well as the increasing demand for alcohol from industrial consumers. However, the more conservative inter- ests in the trade were warning that the advance in the stock market had gone further than the business outlook ‘warranted. Markets at a Glance NEW YORK, May 26 (#).—Stocks strong; specialties hold spotlight. Bonds | firm; rails advance. Curb firm; utilities steady; industrials higher. Foreign ex- !changes easy; sterling sags. Cotton higher; strong stock market; higher ]cahles: Wall street buying. Sugar lower; poor spot demand. Coff H casier Brazilian markets, o OV CHICAGO, May 26 (#).— higher; late Ea.sten!l, buying. Ca.'nw;;l:? sympathy with wheat. Cattle fully ‘gtendm ly. Hogs, 10-15 higher; active top, SILVER QUOTATIONS. NEW YORK, May 26 (#).—Bar silver easier; Y lower at 337;. INVESTMENT TRUSTS NEW YORK, May 26 (#)- -the- counter market. R Quotatlons as of 3:30 ¢'clock. Bid, Asked Am Bank S 3 Bullock 3e fsE e > (Mot BARIEEEE - aoeianeisioe) Fsal Tr Shrs A Fund Tr Shrs B Incorp Investors. Trusteed Am Bk A 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. Shes President Secretary Member of Building Associatic unell. o District ‘of CoMmbla. NEW HOME FIRST MORTGAGES Paying 6 Per Cent Now Available in Limited Amounts All based on nmew low construc- tion cost levels. All confined to restricted established Chevy Chase. 1 home communities. Denominations, $250 to $1,000 Phone National 2345 [SHANNON & LICHS) MORTGAGE DEPARTMENT 1505 H STREET N.W. PROFIT- SHARING MEMBERS Aside from the National Permanent’s friendly welcome to new mem- el the added incen- t of sharing in the profits of ti Institution —whether saver or bor- rower. Ask for details of our Plan. Member Building, and Loan Assn. Council of D. C. 6% + %) 56 3% 4%+ % York Exchange. l 2:00 Noon +1,670,000 2:00 P.M, 2,990,000 Dividend rates as given in the sbove table are the annual cash payments based on the latest quarteny or 3 ess than 100 shares. -yearly declarations. ' Partly extrn. | FPIu8 i EMd Jast vear—ng reguisc rate, b Payghle 3 tock. d ERBRRRS APTONg, PERMANENT BUILDING ASSOCIATION g @49-9% ST.N JUetaypion us-<