Evening Star Newspaper, May 29, 1933, Page 10

"A—10 »x% BENNER T0 SPEAK AT MEETING HERE ‘Insurance Expert Will Be! Guest at Convention of Underwriters. BY EDWARD C. STONE. | Thomas P. Morgan, jr., new president of the District of Columbia Life Under- | “writers' Association, will preside at the | first meeting of the year at the Wash- | .ington Hotel next Thursday noon, when | Dr. Claude L. Benner, vice president, | Continental American Life Insurance | Co., will be the guest speaker. | Dr. Benner was formerly connected | with the Brookings Institute in this city and as an economist has done a great | deal of research work. He addressed | the recent Washington-Baltimore Sales .Conference in Baltimore. The address | made on that occasion caused the de- | .mand for his service here. The other officers in connection with | the life underwriters' new administra- | Jtion include: First vice president, | Horace Wintcr, Travelers: second vice | president, F. George Clendaniel, North- western Mutual; secretary. Herbert O. | McLean, Provident Mutual; _treasurer, Loren L. Cluster, New York Life. | . New directors are George T. Black, | Bun Life Assurance of Canada; | .F. George Clendaniel, Northwestern Mutual, and P. L. Rogers, Acacia Mutual. The other directors still in office are David S. Bethune, Equitable Life Assur- ance Society; Carl Smith Dow, Pacific Mutual; Alton G. Grinnell, New Eng- land Mutual; Dan J. Harrison. Mas-| sachusetts Mutual; Thomas P. Morgan, Mutual Life of New York, and Horace Winter, Travelers. At Thursday’s meeting President Morgan will propose the following mem- s as chairman of standing com- mittees_during the coming_ year: Bul-| Jdetin, Karl S. Hoflman, National Life | of Vermont; Educational, Earle W.! Sapp, New England Mutual; Field Prac- | «tice, Roger M. McCullough, Sun Life .of Canada: Legislative, Herbert L. Bar- | +Jow, Prudential Life; Managers' Section, Frederick V. McNair, Lincoln National: | Program, H. Lawrence Choate, Mutual | Benefit; Reception, Ray W. Smith, Mu- tual Life of New York; Sessions, Henry | S. Baker, Home Life of New York. | The appointments are subject to ap- proval of the Board of Directors. The new president also favors holding the | ‘luncheon meetings on the first Monday ‘of each month, dispensing with meet- | ings in July, August and September. | ‘Later Mr. Morgan may add one or two | “more standing committees. | | Seven Banks Now in Merger Plan. | ‘With entry of the United States Sav- ings Bank into the proposed merger 3o form the Hamilton National, 7 of “jbe 13 closed local institutions are now working toward consolidation. The Or- ‘ganization committee of the Hamilton .National considers the action of the United States Savings Bank as highly 3mportant on account of the bank's Past business record and the location @t Fourteenth and U streets. other banks working hard on | the merger proposition are the District | National, Federal-American, Potomac | Savings, Washington Savings, North- | east Savings and the Woodridge-Lang- Jdon Savings & Commercial Bank. All “report satisfactory subscriptions for the ‘new capital stock. As the success of _the whole campaign hinges on the sale of the stock, this will be stressed par- ticularly hard during the next few days. Some of the letters sent to depositors and stockholders call attention to the “time usually required in the liquidation of a bank, giving this as an argument “for subscribing to the stock on the new combined bank. When the merged bank is opened, 50 per cent of the pres- ent deposits in the seven banks will be :freed. In the case of most liquidations -smaller amounts than 50 cents on the dollar are paid depositors at first, with | additioral amounts later. The letters some banks have sent out say that sta- jtistics show the average time required | in the liquidation of a bank is 5!2| years. Bankers View Business Outlook. The fact that the market for listed bonds should have given a fairly good sccount of itself with the dollar depre- ciating as much as 20 per cent, com- modity prices rising daily and much uncertainty existing over the general scope and details of the national cur- rency and credit policy, can be taken as _evidence that the “great army of in- ivestors retained much of its faith in ithe financial tradition of this country iand in the political integrity of its rgrewent leaders,” says the American ankers' Association Journal &°"“If the investing public were inclined $to believe that serious use would be bmade of certain of the inflationary #powers conferred on President Roose- ivelt by Congress, it would have fled ‘from the money and fixed income se- curities and into property and equities with alarming speed,” the journal says. Discussing general business recovery, the Journal says that the first milestone on the way out of depression—that is, the point when business is sufficiently liquidated to feel the stir of seasonal influences—was passed last Summer | &nd Fall. The review adds v “Since the banking moratorium ended | #n the middle of March both business | and the markets have gained in vitality. | fand since April 19, when President | {Roosevelt signalized the abandonment | wof the gold standard by placing an em- | ipargo on shipments of fhat, metal, the | ipace of the recovery has been quick- tened. It has been quickened sharply +in business and sensationally in the ispeculative markets. | Today's D. C. Exchange Trading. i Trading on the Washington Stock | iExchange today started the week very | fquietly. The most important transac- tion was in Washington Railway & | Electric 4s, $1,000 changing hands at 1851,. Potomac Electric Power 5!, per cent preferred stock changed owner- | “ship in small lots at 106 ex-dividend . Al the local banks and brokerage | {offices and investment houses will be | iclosed tomorrow in observance of Me- | ymorial day. The Washington Stock ‘Exchange will also be closed .. George L. Starkey, president of the National Bank of 'Washington, was | Jback at his desk today after a 10-day ymotor trip to Atlantic City and vi- «cinity, * Vice President A. M. Nevius and ifTrust Officer Sidney F. Taliaferro of | the Riggs National Bank are attending | the annual convention of the Reserve iCity Bankers' Association at Excelsior | 'Springs, Colo. i There was a rush of depositors to ithe Commercial National Bank today ifollowing the notice requesting the filing iof claims in connection with the pres- ient receivership proceedings. After these claims have been proved, the {Commercial will be in a position to make its first payment to depositors. ! Brokerage House Crowded. Local board rooms were again crowd- ied to the limit today at the opening | icf the New York Stock Exchange. The | tapproaching holiday was expected to | | lcause scme profit-taking, which was in- dicated by lower quotations. The mar- ket was extremely active, ho ver. The New York City bank stock mar- | ket advanced sharply during the past week, the aggregate market value of the 16 leading issues, as compiled by | Hoit, Rose & Troster, ending the week | \at $1506,620,000, compared with $1.- 422,705,000 at the ciose of the prevmus‘ week, an increase of $83,915.000 or 5.9 | per cent. This compares with the 1933 | low of $1,065746,000 established on April 5 and with the low point for the depression_recorded on May 31, 1932, of $929,895,000. ! SILVER QUOTATIONS. YORK, May 29 (#).—Bar silver ‘higher taa — v ~Prev. High. 29 91 65 18% 10'% 11% 82 4 20 3% 2% 5% 5 4% 17 109% 121% 1u7 194% 32% 27% 23% 21% 14% 304 FINANCIAL. TRANSACTIONS ON THE NEW YORK STOCK EXCHANGE 1933~ Stock and Lo Dividend Rate. 13% Abrm & Straus 1.20.. 3 Adams Expre 39 Adams Express pf. Adams Millis.. Addressograph Adv Rumley. ... Affiliated Prod (60 4715 Alr Reduction (3). 15 Airway Elec Appl. 11% Alaska Juneau(60c). 1 Albany Wrap Paper. 7 Alleghany Corp 1 Alleg Corp pt $3 1% Alleg Cp pf $40 ww.. 13 Alleg Cp pf $30 xw. 5 Allegheny Steel. .. 70% Allied Chem & D (6). 115 Allied Chem pf (7) Allls-Chalmers Mfg. Alpha Port Cement Amal Leather. .. Amal Leather pf. Amerada Corp (2). Am Agri Ch Conn % Am Ag Ch Conn pf. Am Ag Chem (Del) Am Eank Note. Am Beet Sugar. Am Beet Sugar pf. Am Brake Sh&F 60c. Am Can (4). Am Can pf (7) Am Car & Foundry. Am Car&Foundry pf. Am Chain. . 2 Am Chain pf Am Ch.cle (13 Am Colortype Am Come’l Aleohol A.n Encaustic Tiling Am European Secur. Am & Forelgn Pw Amé&Forgn Pw pf(§ Am & For Pw pf (7). Am & For Pw 2d pf.. Am Haw Stship (1).. Am Hide & Leather. . s Am Hide & Leath . 2 Am Home Prod (3) Am Ice Co. . Am lce pf (6). Am International i Am La Fr & Fom pf.. Am Locomotive Am Locomotive pf... Am Mach&Fdy (80c). Am Mach & Metal: Am Metal Co. Am Metal pt Am News (1 Am Power & Light. Am P&L $5pf (1%4). Am P&L $6 pf (1%). Am Radiator. ... Am Rolling M1l Am Safety Razo Am Seating. Am Ship & Com Am Shipbuilding (2) Am Sm & Ref. 4 Am Sm & Ref §% pf. Am Sm & Ref 7% pf. 5 Am Snuff (13%)..... Am Steel Foundry. Am Stores (12%) 5 Am Sugar (2)....... Am Sugar pf (7). Am Sumatra Tob.. Am Tel & Tel (9). Am Tobacco (5) am Tobacco (B) (5). Am Tobacco f (6). Am Type Founder: Am Type Fdrsnf. Am Water Works(1) Am Wat Wks ctfs(1) Am Wat W'1st p£(6) 4 Am Woolen. ... Am Woolen p Am Writ Paper ctfs Am Zinc & Lead. .. Am Zinc & Lead pf. . Anaconda Copper. .. Anaconda Wire & C Anchor Cap (60c) . .. Anchor Cap pf (6%). Andes Copper. . Archer-Danlels (1) Armour of Del pf(7). 4 Armour of TII (A) Armour of 111 (B) Armour of Tl pf Arnold Constable. Artloom Corp. .. Associated Apparel Asso Dry Goods Asso Dry G 1st of. Asso Dry G 2d pf.. 4 Atchison. ... Atchison pf (5)..... Atlantic Coast Line.. Atlantic Refining(1). Atlas Powder. Atlas Tack. . 311 Auburn Auto (2), " Austin Nichols. 15 Aviation Corn (Del) . 315 Baldwin Locomot. . . Baldwin Locomot pf. Baltimore & Ohf. ... Baltimore & Ohio pf. Bangz & Aroost (2). Bang & Aroos pf (7). 3 Barnsdall Corp...... 4 Bayuk Cigar: Bayuk Cig 1st pf(7). Beatrice Creamery. . h-Nut Pkg (3). Belding-Hemingway Belg N Ry pt pf 4.09. Bendix Aviation Best & Co. i Bethlehem Steel. ... Bethlehem Steel pf. Bigelow-Sanford. Blaw Knox. .. B Bloomingdale Bros. Bohn Alumn & Brass Borden Co (1.60).... 4 Borg Warner . Boston & Maine. Botany Con Min (A). Briggs Mfg Co...... 4 Bklyn Manhat Tran. Bklyn & Queens. . Bklyn Unlon Gas (5). Brown Shoe (3). Brunswick-Balke. . Bruns Term & Rwys. Bucyrus-Erie. Bucyrus-Erlecy pf. Bucvrus-Erie nf (2). Budd (EG) Mfg Budd Wheel. Bullard Co..... Rulova Watch 4 Burns Bros A. Burns Bros pf.. Burr Add Mach( Bush Terminal. Butte Copper & Zinc. Butte & Superior. Butterick Co. .. Byers (A M).... Byers (A M) pf (2). 78 Californta Packing. Callahan Zinc & Ld Calumet & Hecla. Campbell-Wyant Fy. Canada Dry G A (1). Canadian Pacific. 286 Cannon Mills (1) . 21 4 Capital Admin (A).. - CarClin& O sta (5). 108 Case (JD)Co....... 274 Case (J1) pf (4).... 1608 Caterpillar Tractor.. 169 Celanese Corp. 136 Celotex Co. : 1 Celotex vtc 1 Celotex pf.. Cent Aguirre (13%).. 18 Cent RRof NJ 12 Century Rib Mills 3 Cerro de Pasco. . . 203 Certain-teed Prod 12 Checker Cab Mfg. 1 *hes & Ohio (23) 245 Chesapeake Corp (2) 50 Chi & Eastern 111, 1 Chi & Eastern I11 pf 1 Chi Great Western.. 11 i Great Westnpf.. 19 Chi Ind & Louisy pf Chi Mil St P & Pac. Chi Mil StP & Pac pt Chi & Northwestern. Chi & Northwest pf.. Chi I'neumatic Tool. Chi Pneu Tool pf. Chi Rock 1 & Pac.... Chi R 1& Pac 6% pf. ChiR1& Pac 7% pf. Chi Yellow Cab (1).. Chickasha Cot O(1). Childs Company.... Chile Copper Chrysler Corp'n City Ice & Fuel (2). PlbiinstEasiipch s iel0s 4 City Stores. ..... City Stores ctfs. City Stores (A).... Clark Equipment. Cluett-Peabedy (1) 731 Cora-Cola Co (7). T Colgate-Palm-Feet. o IW 86% 50N 102% 4% 10 10% 1614 12% ‘n 112 6108 /\fiffEVENIXG STAR, WASHINGTON, D. C. MONDAY, MAY 29, 1933. Net. . Low. Close. Chge. 321y 43% % 65 17% M T 8% 80% ~Prev. 1933.— High. 12 10% 141 50 10 3% 14 6 5% 324 7 8h. llinalaGantll($)an lfll Low. 3 31 4 Comcl Cred pf (1%). Recelved by Private Wire Direct to The Star Office. Today's Sales Add 00. Stock and Dividend Rate. Collins & Afkman Colo Fuel & Iron.... Colo & South 1st pf.. Col & Southn 2d pf.. Columb G&E1(b80c). 753 Columb Gaspf A(6). 2 Columbia Plct vte. [ Columb Carbon (2).. Commercial Credit. . 12% 11 29 23% 19 1% 17% B8R 123 20% 11 208 Comcl Cred 1st(6%). 808 Comel Cred pf B (2). 208 Comel Inv Trust (2). 40 Comcl Solv (60c).... 252 Comwlth & South: 406 Comwlth & Sou pf(6) 14 Congol-Nairn (60c).. 78 Congress Cigar (1).. 4 Jonsol Cigar. 1 Consol Cgr pr x-r 6%, 208 Consol Film. ... 65 “onsol Film bf...... 102 Consol Gas NY(3.40) 507 Consol Gas NY pf(3) 6 Consol Laundries. 21 Consol Ol Corp 1031 Cons RR of Cuba p: 3 Consol Textile. ... 1 Container Corp (A).. ontainer Corp (B).. Contl Baking (A).... Contl Baking (B).... Contl Baking pf (4). Contl Can (2) Contl Diamond Fibre ConMl Insur (1.20)... Contl Motors Contl Ofl (Del). Corn Products (3). Corn Prod pf (7). Coty Inc Cream of Wht t2% Crosley Radlo. Crown Cork & Seal Crown C&S pf (2.70). Crown Zellerbach. Crucible Steel. . Crucible Stec] pf., Cu% Co..... . 213 Cuba R R pt % Cudahy Packing 2%. Cuban-Am Sugar.... “uban-Am Sugar pf. 230s a7 29 18 173 Cartis Publishing. .. Curtis Publishing p? Curtiss-Wright..... Curtiss-Wright (A). Cutler Hammer Davega Stores. Deere & Co pf (20¢c).. Delaware & Hudson.. Del Lack & Westn. .. Denver & R G W pf.. Detroit Edison (4)... Diamond Match (1). % Diamond Mach pf 114 DomeMines(11.55) 4 Dominion Stores 1.20 4« Doug Alrcraft (T5c) Dresser Mfg (A).. » Dresser(SR)Mfg(B) i) 91y 32 971y 90 1t 45 3 % 1 24 3y 10 Drug Inc (3). Duluth S S & Atl. Duluth S S & Atl pi Dunhill Internatl. ... Duplan Silk (1)... Dupont de Nem (2).. Dupont deN db pf(6) Duquesne Lt 1st (5). Eastern Roll Mills. Fastman Kodak (3). Eastman Kod pf (6). Eaton Mfg Co. . . 50 Eitington-Schild. 28 hild 1st. 6 ec Auto-Lite 269 Elec Auto Lite pf(7). 160s Electric Boat. . 10 Elec & Musical Instr. 24 Elec Pwr & Lt. . . M Elec Pwr&Lt $6 pf... 8 Elec Pwr&Lt $7 pf... 13 Elec Storage Bat (2) Elk Horn Coal. . 35 Elk Horn Coal pf. 708 Endicott-Johnson(3) 1 angineers Pub Sve 6 5P S5% pt g P S 6% pf Squitable Of B ErieRR..... . ErieRR1stpf...... Erie & Pitts (3 108 Eureka Va Cleaner. 36 Evans Auto Prod.... 5 Fairbanks Co. . 2 Fairbanks Co pf..... 30s Fairbanks Co pf ctfs. 60s Falrbanks-Morse.... 20 Fairbanks-Morse pf. 108 Fashion Park Asso 5 Fashion Park As pf.. 50s Fed Mineg & Smit 1 Fed Mines & Sm pf. 1 Federal Mot Truck. 23 Federal Screw Wks.. 6 Fed Water Service A 12 419 11 32 34 108 15 14 714 Fed'd Dep Strs(60c). 5 Fidelity-Phoen 1.20.. 30 Firestone T&R(40c). 109 Firestone T&R pf(6) 2 First Nat Strs (2%). 24 Follansbee Bros. 8 Foster-Wheeler. 30 Foundation Co. 5 Fourth NatInv 1.10. 32 Fox Film (A). 209 Freeport-Texas (2) Fuller Co2d pf. .. Gamewell Co. Gen Am Investor n Am Inv pf ww 6. nAm T Gen Asphalt Gen Baking (2) - n Baking pf ( Gen Bronze. Gen Cable. Gen Cable (A) Gen Cable pt. Gen Cigar (4).. Gen Electric (40 Gen Elec spee (60¢) . Gen Foods (1.60). ... Gen Gas & Elec (A). Gen GEE 6% cv pf A. 1 Italian Gen Mills (3). Can Mills pf (6) Gen Motors (1). Gen Motors pf (5) Gen Outdoor Adv. Gen Printing Ink... Gen Public Service. . 4 Cen Ry Signal (1) 215 Gen Refractorles. ... Gen Realty & Util Ger Fealty & Util pf. 12 Gillette Saf Raz (1). 165 Gillette Saf Rpf (5). 4 mbel Bros. . b5 mbel Bros pf..... 3 Glidden Co... - 16 Glidden Co pr pf (7). 1408 Gobel (Adolf 228 Gold Dust (120). Goodrich (B F).. Goodrich (B F) pf. Goodyear Tire&Rub. 229 Goody'r T&R 1st (2). 7 Gotham Silk Hostery 29 Graham-Paige Granby Consol Grand Unton 2 Grand Union pf (3) s Gulf States Stl 1st pf 4 Hershey Choc (3)... Granite City Steel(1) Grant (W T) (1). Great Northern pf Great Northern Ore. Great West Sugar. .. Great Wn Sug pf(7). Grigsby Grunow. ... Guantanamo Sugar. Guantanamo Sug pf. Gulf Mobile & North. Guif States Steel . 3 stpt 308 Hackensack W (1%) 3 Hahn Dept Stores... 43 Hall W F Printirg. 19 Hamilton Watch. 5008 Hanna pt (7 608 Harbison & Walker 48 Hartman Corp (A).. 2 Hartman Corp (B).. 14 Hat Corp (A).... 808 Hayes Body <. 123 Hercules Powder 113 65 Hercules Pow pf (7). 508 14 Hershey Choc pf(t5) 1 Holland Furnace.... 40 Hollander Sons. ... 4 Homestake M(110).. 9 197 94 70 1008 28 86 1508 4 Houdalille-Hersh(A). 9 1134 27 3 1% 813 16 Houdallle-Hersh(B). 74 Houston Ofl........ 121 Houston Oil (new).. 103 Howe Sound (40¢c) 83 Hudson Manhattan.. 7 udson Man pf (5). 1 Hudson Motor Car... 244 H.pp Motors. . 40 Illinols Central..... s'! Illinois Central pf... 314 QD 49 12 99 54 81% T 65 219 13% bl 27% 5% 19% 14% 39 915 % 324 3 .40 $lié - 3% 14 Ralbe. wer. | _prev. High. Low. Close. Chge + % T R FIREE T +1% + & +2% + % + 14 + % -2 +1%4 + % + % +3% High. 1% 34 30 61 3T 1012 16 3% 19% 23% 3 21 30 8315 5% 134 1 8 3774 58% 4 14 18 42 7% 31% Owens Il Glass (3). 64 314 43% 23 85% 4% 1% n 29% 2% 2% el Today's Sales 1933~ Stock and Add 00. High. Low. Dividend Rate. 1i Indian Motor Cycle.. 13 1% 4% Ind Motor Cycle pf.. 20s 10 1% Indian Refining..... 1 2% 24 Industrial Rayon (2) 112 66% 19% Ingersoll-Rand(1%). 23 58 12 Inland Steel......... 19 36 2 Inspiration Copper 89 6% 1% Insuranshrs Del 15c. 17 ¢ Insuranshares (Md). 6 Interboro Rap Trans. 39 Intercontl Rubber... 28 Interlake Iron. ... 22 Int Agriculture Int Agriculture pf. Int Bus Mach (6) IntCarriers Ltd 2 Int Cement Int Harvester (60c Int Harvester pf (7). Int Hydro-Elec (A).. Int Merchant Marine Int Nickel of Can Int Paper pt Int Paper & Pwr (A). Int Paper & Pwr (B) Int Paper & Pwr (C). 34 Int Paper & Pwrpf.. T Int Printing Ink..... 3 Int Printg Ink pf 708 Int Rys Cent Am pf.. Int Salt (14)... Int Shoe (2) Int Silver Int Silver pf. ¢ Int Tele & T 1'; Interstate hrms o 12, Intersta Dept Stor pt 1% Intertype Corp..... 11 Isiand Creck Coal(2). 23 Jewel Tea Co (3).... 12% Johns-Manville..... 196 42 Johns-Manville pt 508 35 Jones & Laveh pf(1) 210s 63 Kansas City Southn.. 23 2 Kan City Sou pf (2).. Kaufmann Dept St. . Kayser (J) & Co. Kelly Spring Tire. Kelly-Sp Tire 6% pf.. Kelsey-Hayes (A)... Kels Kelvinator Corp. Kennecott Copper. Kimberly-Clark. Kinney (G R) Co... Kinney (G R) Co pf. Kresge Dept Stores. . 513 Kresge (S S). 27 Kress (S H) (f1) 14's Kroger Grocery ( 3713 Laclede Gas pf (5).. 2's Lambert Co (4) Lee Rubber & T : Leh Port Cement. ... Lehigh Valley Coal.. Lehigh Val Coal pf.. Lehigh Valley R R Lehman Corp (2.40). Lehn & Fink (2 : Libbey Owens Glass. Ligg & Myers B (15). Lily Tulip Cup (133) . Lima Locomotive. Link Belt (40c). Liquid Carbonic. Loew's Inc. Loft Inc. Long Beil Lumb/(A) . Loose-Wiles Bis (2). Lorillard (P) (1.20). Lorillard (P)pf Louisiana Oll. Loulsiana Oil pf. Lou Gas&ELA (1%). 4 Loulsville & Nash. Ludlum Steel. Ludlum Steel p! McAndrew Forbes(1) McCall Corpn (2).... McCrory Stores A. McCrory Stores pf... Mclntyre P M(t1%). McKeesport T P (4). McKesson & Robbins McKesson & Rob pf. McLellan Stores. McLellan Stores p Mack Trucks (1). 3678 Macy (RH) &Co (2). 39 60% Madison Sq Garden.. 1 4 Magma Copper. ... 15 Mallison & Co... 2% Manati Sugar 3% Manati Sugar pf. 85 Mandel Bros. 7 Mannat Elev'mod gtd 151 Manhattan Shirt. . 1% : Maracaibo Oil Exp. 5 1 Marine Midld (80c).. 64 8 Market St Ry 2d pf.. 108 Marlin-Rock (1). Marmon Motor Car Marshall Field & Co. Mathieson Alk (1%). May Dept Stores (1). Maytag Co 1st pf. 40 Melville Shoe (1.20) . 19 Mengel Co.... 9 Mesta Machine (60¢) . 17 4 Met-Gold Pic pf 1.89. 20 Miami Copper. . 6 Mid Continent Petm. 11 Midland Steel Prod. . 13% Mid Stl Prd 1st pf(4) 64 Minne-H'well R 22 Minn Moline Pow 3% Minn Moline P p Minne & St Louis MSIP & S S Marle. Minne StP&SSM 11 Mo Kan & Texas. Mo Kan & Texas pf.. Missouri Pacific. . Missourt Pacific pf. Mohawk Carpet. .. Monsanto Chem 1% . Montgomery Ward. Morrell (J) & Co (2). Mother Lode Motor Meter G & El.. Motor Products. 4 Motor Wheel Mullins Mfg. Mullins Mfg pf. Munsingwear Inc 5% ¥ array Corp 6! 13% 3% 220s 4108 51 10s 102 36% 10% 63% 20 29% 9215 21 20% 19 91y 13 % 24 18 26 118 90 % 17% % 174 28% 28 15 880 60 20% 16 5% 4% Nash Chat & St L. Nat Acme Co Nat Biscuit ( t Cash Reg (A) at Dairy Prod 1 Nat Dept Strs 1st pf. Nat Distillers....... Nat Dist pr pf (235) . Nat Lead (5). Nat Lead pf A (7) Nat Pwr & Lt (1). Nat Ry Mex 1st pf. Nat Ry Me pf Nat Steel (50c). Nat Supply Co Nat Supply pf. t Surety. . 7 Nat Tea (60¢). 58 Neisner Brothers. . 4 T Nevada Con Copper.. 39 10 Newport Industries. 14 4 N Y Air Brake 9 18% N Y Central. 730 35 N Y Cinlcago 9 10 G Ch & St Lt 19 134 Y & Harlem (5)... 40s 140 \ Y Investors 17 14 N Y NH & Hartford, 161 25% NYNH&Hartpf.. 12 48 N Y Ont& Western.. 35 13 Y Railwayspf.... 63 2% N Y Shipbldg (0e).. 36 77 Y Steam 15t pf(7). 3008 100 oranda Min (a1.10). 50 28% orfolk Southern... 1 1 orfolk West (8 12 150' Norf & Westn pf (4). 208 80 orth Am Aviation.. 368 T North Am (b3 %stk). 441 orth Am Ed pf (6). 2 Northern Pacifle..... 119 orthwest Tele (3).. 2008 orwalk Tire & Rub. 17 4% Ohio O11 . 496 1% Oliver Farm Equip.. 103 31, Oliver FEQprpfA.. 14 13, Omnibus Corp....... T4 64 Omnibuspf A (8)... 4 215 Oppenheim Collins.. 32 1% Orpheum Circuit pf.. 200s 10 Otis Elevator(60c)... 59 12 Otis Steel 41 22 Outlet Co (2) 80s 59 10s 82 46 2 5 110 117% 15 50 3% 21% 00s 1% Pacific Coast 1st pf.. 20 Pacific Gas & EI (2).. 25% Pacific Lighting (3). 6 Pacific Mi 65 Pacific Tel & T 1% Packard Motor Car., 313 % Panhandle Pro&Ref, 1 la Par-Publix cts... 25 6 Park & Tilford.. 17 % Park Utah. .. . 125 % Parmelee Transport. Y% Paths Exchange ERAbange (A). 1% 10 2% 631y 55 32 5% 13% 3% 19% 28‘ 56 3414 9% 6213 19% 28 9015 201 19 17 34 18% 35% 58% 4 14% 2% 3 % 7 1314 1% 1% Tia % 17% k] 16% 2714 26% 38 18% & 16 20 5t 1013 11 60 19% 3 18% 18% 441 54 1 543 19% 19% 4 63 0% 110 1174% 13% Tis 95 124 138 1 44 12% 1% i 100 274 17 149 1% Net. Low. Close. Chge. ~Prev. High 14% 1% 457 39%, 215 7 30% 5t 15 357%% 8 17% 93, 5213 972 19 2% 3 9% 9% 30 39 2 32 4% 29% 3 42 % 5% 10 4 38 10% ey 47 12% 9% 7 331 25 324 fan i 85 33% 28 21 26% 1874 124 2% 15% 25 46'9 13, 32 27 27% 14 40 15 112 693 18% 31% Today's 1933~ Sales Low. 5% k) 2515 4 Penney (J C) (1.20). 90 Penny (JC) pf (6).. Penn Coal & Coke. Penn Dixe Cement. . Penn Dixie Cmt pt Penna RR (50¢)..... Peop Drug Strs (1).. Peoples Gas Chl (5). Peoria & Eastern.... Pere Marquette Pere Marquette pr pf Pet Milk. .. . Petrol Corp of Am... Phelps Dodge. .. Phila Co 6% pf (3) Phila Co pf (6) n. Phila & Read C& T Philip Morris&Co(1) Phillips Petroleum Phoenix Hosiery Pierce-Arrow Pierce O1 Pierce Oil pf. Plerce Petroleum. ... Pillsbury Flour (1).. Pirelll Co A (h2.57).. Pitts Coal Pitts Coal pf. Pitts Screw & Bolt Pitts United Corp. Pitts United pf Pitts & West Va... Plymouth Ofl. Poor & Co (B) Port Ric Am Tob(A) Port Ric Am Tob(B). Postal Tel&Cable pf. Prairie Pipe Line.... Pressed Steel Car. Pressed Steel Car pf. Proctor & Gam(1%). Proc & Gamb pf (5).. Producers & Refin. 3 Prod & Refiners pf. 33% Pub Sve N J (2.80) 18 Pullman Corp (3). 213 Pure Oil. . 30 Pure Oil pf. 57 Purity Bakerfes (1). 3 Radio COTp.......e0 13% Radio Corp pf (A) 614 Radio Corp pf (B). 1 Radio-Kelth-Orph. .. 4% RR Sec Ill Cent StK.. 5 Raybestos-Man (60c) 231 Reading Rwy (1) 5% Real Silk Hoslery. % Rels (Robert) & Co.. 2'; Remington-Rand.... 71 Rem Rand 1st pf. 8 Rem Rand 2d pf... 1% Reo Motor Car. 4 Republic Steel... 9 Republic Steel pf 1% Revere Copper. . 6 Reynolds Metals(1).. 1% Reynolds Spring. 60 Reynolds Tob (3) 26'3 Reynolds Tob B (3).. % Richfield Oil........ 2 Rossia Ins of Amer.. Stock and Dividend Rate, Add 00 Patino Minee. .. 180 Peerless Motor Car.. 2 Penick & Ford (1)... 5 10 15 115 45% 39% 102'% 4 a1 13% 10% 3 19% 97 9% 87 23 28 Safeway Stores (3).. 80% Safeway Strspf (7). 6% St Joseph Lead...... 7 St L-San Francisco. . 1 StL-San Fran pt. 2y Savage Arm %, Schuite Reta 3t Schulte Ret Stor pt.. 61 28 Scott Paper (1.40)... 4508 % Seaboard Alr Line. % Seaboard Air Line pf 15 Seaboard Oil Del 60c. 114 Seagrave Corp. 1215 Sears Roebuck. . 1% Second Nat Inv 24 Second Nat Inv pf. ' Seneca Copper. 113 ServelInc........ 115 Sharon Steel Hoop 215 Sharp & Dohme. . 21% Sharp & Dohme pf(2) 5% Shattuck(FG) (24¢). 4 Shell Union Oil 2815 Sheil Union Oil pt... 4% Simmons Co 475 Stmms Petrolm (25¢) 3 Skelly Oil 2 22 Skelly Ofl pf ww. 7 Sloss Sheffield Steel. 814 Sloss-Sheff Steel pf.. % Snider Packing : 6 Secony Vacuum 58 Solv Am pf ww(5%). 15% So Port Ric Sug 1.60. 1715 South Cal Edison(2). 1% Southern Dairies B 11's Southern Pacific 4% Southern Railway... 5% Southern Railway pt Spalding (A G). Sparks-Withington. . Spear & Co. 3 Spencer K Sperry Corp.... Spiegei-May-Stern Standard Brands (1) 121 Stand Brands pf (7). 1 Stand Com Tobacco. . 51 Stand Gas & Elec. 8% Stand Gas & Elec pf.. 20 Stand Gas&El pf (7). 14 Stand Invest Corp. 1915 Stand Ofl of Cal (1).. 921 Stand Oil Exp pf (5). 12% Stand Oil Kans 22% Stand OII N J ( % Sterling Secur (A) 113 Sterling Secur pt 20 Sterling Secur cv pf. 215 Stewart Warner. 5% Stone & Webster. 115 Studebaker Corp. Studebaker Corp pf. Sun Ol (1). Sun Oil pf (6) Superheater (50c). % Superior Oil Superior St Sweets Co of Am. mington (A Telautograph (1) Tennessee Corp.... Texas Corp (1)...... Tex Gult Sulphur(1) Tex Pacific Coal&Oil. Tex Pacific Land Tr. Thatcher Mfg Co. Thatcher Mfg pt 3. The Fair. . - Thermoid Co Third Avenue. . Thompson (J R) (1). Thompson Product: Thompson Starrett. . Tide Water Asso Ofl. ide Water Assoc pf. Tide Water Oll. 2 Timken-Detroit Axle Timken Bearing 60c. Transamerica Corp. . Transue & Willlams. Tri-Contl Corp Tri-Contl Corp pf(6). 20% Trico Products(2%). 15 Truax Traer Coal. Truscon Steel. . % Ulen & Co. cee 9% Und-Ell-Fisher (50c) 5! Union Bag & Paper.. 19% Unlon Carb &C (1). 813 Un Oll of Calif (1).. 160 613 Union Pacific (6). 106 56 Union Pacificpf (4). 6 10% Union Tank Car 1.20. 68 163 Unit Alrcraft....... 1847 Unit Afreraftpf (3). 13 United Biscuit (1.60) 2 8 Unit Carbon........ 48 Unit Corp (40¢).....x 889 Unit Corp pf (3)....x 31 Unit Dyewood.. 208 Unit Eiectric Coal Unit Fruit (2). Unit Gas&Im (1. ¢ Unit Piece Dyo W U S Express S & Forn fieeur. 159 U S Hoftman. . U S Ind Alcohol. U S Leather. .. U S Leather (A) U S Pipe&Fdy (50c). U S P&F 1st pf 1. 78 72 37 118 15 127 62 94 1 653 Rubber 1st pf. .. Smtg & Ref (1). SmigaRel pf 3% U S Tobacco (4. 00).. United Stores (A)... Unit Stores pf (3%). 2 Univ Leaf Tob (2) Univ Leaf Tob pf(8). Tiniv Pipe & Rad Utah Copper. . 1% Util Pwr & Lt (A) (Continued on Page A~11.). FINANCIAL. High. Low. 131 14 45 3814 4 Net. Close. Chge. 141 +1% 1% — 45 - 3814 —1 10215 +1% 41 +13% s 20 26% + % 28 8 69 +1| 613 + W 19 AL - % 33 424 4% + 4| 30% =1 3 4+ 43% +1% | | day, | | over, i|lead was advanced 15 * | 84,591,243 68; | toms _ duties * 1$17,939,733.07. STOCKS IN RALLY AS MARKET CLOSES |Heavy Profit-Taking on Eve of Holiday Is Well Absorbed. BY GEORGE T. HUGHES. Special Dispatch to The Star. NEW YORK, May 29.—Although large-scale realizing caused a certain amount of irregularity in specific stocks, the market again today forged ahead into new high ground on enormous volume. The profit“taking was heaviest in the | first and last hours, but in the main it | was readily absorbed and there was very little of the liquidation which ordinar- ly precedes a holiday. The professional | element was concerned over the rapidity and extent of the advance, but there was no sign of-concern on the tape. Railway stocks were the leaders at | the close, especially New York Central and Southern Railwa: Cotton made a new high during the but wheat was heavy and closed off 15 to up 35 cent a bushel. Weakness in the dollar was in evidence all day. "In the late afternoon Swiss francs, up 32 points, ret a new record high. All through the morning the tape was consistently behind business on the floor. Heavy realizing came into the whole list, as was natural after Sat- urday's violent advance. In some places it was easily absorbed, but in | others it caused a setback of 1 to 2 points in standard issues and consid- erably more in specialities. The outstanding strong group was the oils. They had not been extravagantly bid up, as had so many other classifica- tions, and they had the advantage of | reports that price advances of crude and of gasoline were impending. More- it was believed that the East Texas field, which has been so long & menace to efforts to control overpro- duction, has passed the peak of its output. All the cils were in urgent demand and practically all of them made new highs for the year. National Supply moved up in sympathy also to a new peak price on reports that it would be called upon to furnish pumping ma- chinery for the East Texas wells. The metal stocks took all offerings and some of them brcke through the old resistance points on the upside. They | were helped by the strength in the commodity markets. Copper sold at 7' cents early in the day and the price of points. New highs were cstablished by Kennecott, | Howe Sound and American Smelting. U. S. TREASURY BALANCE, By the Associated Press. Treasury receipts for May 26 were expenditures, $3,855,- bnhnce‘ $344,559,855.60. Cus- for 26 days of May were B86.€7; First Mortgages FOR SALE. 6% Interest JAMES F. SHEA 643 Indiana Ave. N.W. ESTATE _NOTES YIELDIN B esT TLERC AND ATIARRPONT INC. ~First trust notes well secured on detached. modern residences. for sale at par_and_accrued interest. 1520 K St N.W. NA. 0475, ENTERPRISE SERIAL 16% 1% | 3 110% —1% 701 + % 2015 +2% | 331 +2 | 62 +1% | 23% — 2315 + 9ty + 35 — +1 17— 1% 39% + % 9 — 1y 49% —21, 14% + 24 + 1T% + 97y +2% 8lis + % 3% + W ol - % 40 107% +2% 24 — & 65 +5 @+ w 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 Assoclation Counell of District of Columbla. YOU CAN BUY Good Securities in Small or Large Lots Partial Payments Ask for Booklet WS which explains our plan and terms James M. Leopold & Co. Members New York Stock Exchange 70 Wall Street New York Established 1584 NEW HOME FIRST MORTGAGES Paying 6 Per Cent Now Available in Limited Amounts All based on new low construc- tion cost levels. All confined to restricted established Chevy Chase home communities. Denominations, $§250 to $1,000 Phone National 2345 SHANNON & LUCHS MORTGAGE DEPARTMENT 1505 H STREET N.W. 5% DIVIDENDS ON SAVINGS Your savings earn a high rate of dividends at the National Permanent . . an advantage that aids materially to INCREASE your account proportion- ately to the amount you deposit! Open your ac- count this pay-day! Member Building and Loan Assn. Council WhTIONg, PERMANENT BUILDING ASSOCIATION %,4_949-.“ ST.N. 2 s Uotevisiom us. V3