Evening Star Newspaper, June 10, 1933, Page 14

A—14 » FINANCIAL, STOCKS EASEOFF AT ACTIVE CLOSE Week End Profit-Taking Is Blamed for Slight Net Losses. FINANCIAL, D. . RETAIL SALES OFF 8 PCT. INMAY Business Ahead of April, but Below Like 1932 Period, Bank Report Says. THE EVENING JUNE 10, 1933. TRANSACTIONS ON THE NEW YORK STOCK EXCHANGE Recelved by Private Wire Direct to The Star Office. STAR, WASHINGTON, D. C., SATURDAY, ‘Today's Sales Add 00. High. 9% 45% 2% 10% 28% 55% 88 97 23% 3 Today's Sales Net. Add 00. High. Low. Close. Chse. 40 6 6% — i 12 33 33% I 13 51 5% 2413 48 31 ugar. 9 9 57 551 22% 55% 313 Today's Stock and Sales Dividend Rate. Add 00. High. 49% Ligg & Myers B (15). 16 95% 13 Lily Tulip Cup (1%). 19% 10 Lima Locomotive. 22 23 3 % Richfield Oil. 30 6% Link Belt (40c). .. 5 16% 2 Rossia Ins of Amer T Liquid Carbonic 3 17% Royal Dutch (80%¢ 8 i Sne iR LR 2L LR L L LU Loew’s [nc (1).....« ateway Stores (3).. 26 Loews Inc pf (6%).. Safeway Strs pf (5). 308 Loft Inc e Safeway Strs pf (7). 30s ¢ Long Bell Lumb(A). St Joseph Lead. .. 31 Loose- Wiles BisJ2). St L-San Francisco 7 4 Lorillard (P) (1.20). St L-San Fran pf. Louisfana Ofl. ... i Savage Arms. 2 BY GEORGE T. HUGHES. 2 40U na Oil pf.. Schulte Retail 27 Lou Gas&El A (1%). Seibossd M Tane. .. 93 Special Dispatch to The Star Loutsville & Nash. .. Seabiard KL EIGLE. 72 NEW YORK, June 10—Stocks fin- LonmylieaT 8 ished actively, with some of the stand- e e | ard_leaders showing small net losses. McAndrew Forbes(1) . | Week end profit-taking was induced McCall Corpn (2).... SeceE el INY: | by uncertainty over last-minute_con- McCrory Stores AL Setieca Covner gressional legislation, the June 15 war McCrory Stores B... ks | debt payments, the renewed weakness McCrory Stores pf A fa Ry Y |of the dollar in terms of foreign ex- Mec Hill Pub. .. Sharp & Dohme. . A 1! change and the opening of the Eco- McIntyre P M(11%). Sharp & Dohme pf(3) 1 nomic Conference in London Monday. MecKeesport TP (4). Shattuck(FG) (z4e). | *| " United States Steel common was down McKesson & Robbins SES U k fractionally near the end, although a McKesson & Rob pf. e Ol et gain of 65241 tons in unfilled orders McLellan Stores. o 2 as of June 1 was announced by the cor« Mack Trucks (1) e e poration at noon. With it went some {‘,‘ff,’n;ré?,:::f" @). 3 Snfd;g‘.‘éfla; of the other steel shares, despite the Mag per. S L X expanding production program an- Mallison & Co. . s‘;"l‘;git‘r{',:"s‘:";”n nounced for next week. Allied Chem- Mallizon & Co b Rl O ical, General Electric, Internaticnal Manati ey Harvester and General Motors were roe e b also lower, but Consolidated Gas, Amer- e ;éfi;x};"'relephone and Atchison moved Southern Rail i Hodthern Baitway of While the British Ambassador dis- Sparks- Withington cussed the British debt payment due BaG T Co = June 15 with President Roosevelt, 756 Shemoes Sgians traders here put the pound sterling S Covn up to $4.14%, the highest price since Splcer MfE. ., England suspended the gold standard Spiegel-May-Stern. . i Beptember, 1831 Standard Brands (1). Short Interest Gains. Stand Com Tobacco. G e After the close the Stock Exchange Stand Gas & Elec pf. 43 announced that the June 1 short inter- Stand Gas&EI pf (6). 1 est stood at 1,419,854 shares, a gain of Stand Gas&El pt (1) 3 4,524 shares over May 1. Stand Ofl of Cal (1).. 69 Strength in the steel stocks was the Stand Oil Exp pf (5). 1 outstanding feature, forecasting the Stand Oil Kansas. o 4 doubling of the quarterly payment by Stand OIIN J (1). 122 National Steel Corporation. This div- Sterling Secur (A).. 4 | idend increase was the first in the steel Sterling Secur pf. 1 trade since 1930. Allied industrial Stewart Warner H | shares, especially of companies suppiy- Stone & Webster. 324 ing steel concerns with needed raw ma- Studevaker Corp.... 43 terials, were bid up on the theory that Studebaker Corp pf.. 1008 directors at their approaching dividend Sun Oil (1)... 1 meetings might take similar action. Sun Oil pf (6). 408 The further gains in tobaccos were Superior Of1 11 a direct reflection of the belief that a Superior Ste 5 price increase in cigarettes is imminent. Sweets Co of Am. 1 Alcohol shares, recently weak, then were mington 2 ;:ku; t‘l?x cI'u:;:d.Ge_spec:inlly after traders G 2 ar e Government contemplat- e Gl ed_permitting increased production. Tex Gulf Sulphur(1) 144 Betterment in grain prices, resulting Tex Pacific Coal&Ofl. 20 from the bullish Winter wheat Tex Pacific Land Tr. 23 P | estimate, was not mirrored in the agri- Thatcher Mfg Co. 7 17 cultural implement shares during the The Fair. . 1 | first hour, as these stocks had spurted Thermoid Co. 17 3 1xpe‘ct.agulurly in the final minutes of % Third Avenue. 2 | Friday’s session. Thompson (J R) (1). 2 Mutual Shares Rise. s e Gold shares for a time were nosed out 1 Tide Water Asso Ofl. 38 of the limelight by red metal issues, Dide Water Assoc pr' 4 following intimation that the copper Timken-Detroit Axle 29 IS AL OB some<Spt; af Timken Bearing 60 244 domestic stabilization plan. Further Tiadbithocies Cm_:‘ 119 advances in sulphur stocks merely re- Transue & Willlam 1 flected the widening use of this basic Sbol by - raw material by many industries. Tri-Contl C“p'n'""v - ‘The recapitalization plan announced Trico Products 24). 15 b sctive, and. 1 some insiances Truscon Steel, higher. Improved sales in the dairying Ulen & Co . industry helped Borden and National Und-Ell-Fisher(50c) Dairy products, while er grain Union Bag & Paper. prices generally benefited shares, Union Cart &£C (1). such as General Baking and National Un Ofl of Calif (1).. Biscuit. Standard Brands mirrowed Union Pacific (6).... the increase in sales of packaged foods, Union Tank Car 1.20. which development later was indicated Unit Afrcraft....... by other securities. United Biseuit (1.60) Grein carriers, such as Atchison, and Unit Biscult pf (7).. some of the coalers, like Lackawanna, United Carbon (1) were early leaders on the upside in the Unit Corp (40c). railroad division. Unit Corppf (3).... 17 38 38% — 1| General Motors turned active in the Unit Dyewood...... 20s 5% 5% motor list ‘after Chevrolet announced UnitAElectric Coal 6 5% 5% + %[ May retail deliveries the for Unit Fruit (2)...... 27 53% 53% any month since June, 1931. ‘The sharp rise reported in building contracts last month again aided building ma- terl:al shares. 'eVslarm electric refrig- erator compan; reported capacity erations. s Lmelgl:x exc&mgu werewlcflve and strong here, the pound sterling most of the time being up about 115 cents over the previous close. (Copyright, 1933.) Today's Sales Add 00. High. ~Prev. 1033~ Stock and Low. _ Dividend Rate. 11 Reynolds Spring.... 17 26'% Reynolds Tob B (3). 126 Net. | Low. Close. Chge. | High. 944 944 10 19% 19% 453 Net. Low. Close. Chge. 9% — W 20 +1% 10% +1% 1933 Low. Stock and Dividend Rate. Coty ine ¥ Cream of Wht 12 Crosley Radio....... Crown Cork & Seal. .. Crown Zellerbach Crucible Steel Crucible Stecl pf. Cu"a Co. Cuban-Am “uban-Am Sugar pf. Cudahy Packing 2%. 4 “urtis Publishing Curtis Publishing pf. 4 Curtiss-Wright. Curtiss-Wright Cutler Hammer . i High. T'% 3419 14% 557 ~Prev.1933.~ _ Stock and High. Low. _Dividend Rate 3 Adams Expre: 8 Adams Millis 5'% Addressograph 1% Adv Rumley. . . Affiliated Prod(60c) . Air Reduction (3)... 2 Alrway Elec Appl. Alaska Juneau(60c). Albany Wrap Paper. % Alleghany Corp Alleg Corp pf $30ww % Alleg Cp pf $40 ww.. 4 Allez Cp pf Allegheny Steel. ... Allied Chem & D (6). 48 Allied Chem pf (7).. 1120 Allls Chalmers Mfg. 100 20% curity. Amal Leather. . 10 8 f 5 2ve).. Amal Leather pf.... 3 3 b % Delaware & Hudson. Amerada Corp (2)... 10 ¢ Del Lack & Westn. Am Ag Chem (Del).. Denver & R G W pf.. Am Bank Note. Devoe&Raynolds(A) Am Beet Sugar. 4 Diamond Match (1).. Am Brake Sh&F 60c. DomeMines(71.55) .. : 4m Can (4)... Dominion Stores 1.20 Am Car & Foundry. . Doug Alrcraft (75c). Am Car&Foundry pf. Dresser(SR)Mfg(B) Am Chain Drug Inc (3).. Am Ch.cle (13) Dunhill Internatl Am Come'l Alcohol. . Dupont de Nem caustic Tiling Depont deN db pf(6) ropean Secur, Duguesne Lt 1st (5). Ll Eastern ol Mills Am&Forgn Pw pf () s ikl caak 4 Am & For Pw pf (7). Am & For Pw 2d pf.. Am Haw Stship (1).. Am Hide & Leather. . Am Hide & Leath f. The mcst improvement in May in 4213 Am Home Prod (3).. the district occurred in the Carolinas| 13 AmIceCo.... E and in Richmend. Fifty stores reported | 56 25 - Am ice pf (6) for May, of which 15 sold more in i Am Internations dollars than in May last year. In 134 Am La France&Fom. cumulative sales since January 1, the 21% Am Locomotive. o fifth district tied for the second best| 19% Am Mach&Fdy (80c), record, decreasing this year by 16 per| 6 Am Mach & Metals. . cent. 22 Am Metal Co The accompanying table shows indi- | 30 Am News (13%)..... vidual perceniages for cities in which Am Power & Lizht three cr more stores reported for May Am P&L S5 pf (14), this year, compared with correspond- Am P&L $6 pf (13%4). 10 9% 10% 10 10° 10 19 19% 120% 117 % BY EDWARD C. STONE. Sales in Washington department stores in May were 8.7 per cent lower than in May, 1932, according to the monthly retail business comparisons made public by the Federal Reserve! Bank of Richmond today. The May | showing reveals marked improvement over average business for the first five months of the year when sales were 16 | per cent under the figure for the like period a year ago. Department store sales in the fifth Federal Reserve district in May, 1933, averaged 5 per cent less than sales in May, 1932, exactly the same figure shown for April in compariscn with | April last year, but the May record was really better than April's because | sales in the carlier month were in-! creased by the occurrence of Easter | during that month. However, the| fifth district in May did not compare ! as favorably with other districts and | the national average as in other re-, cent months. i 32 9414 % 5| 11% 18% p 01 T 24 1215 16 49 ¢ Manhattan Shirt. ... Maracaibo Oil Exp Marine Midld (80c).. Marmon Motor Car. . tarshall Field & Co. Mathieson Alk (1%). A v Dept Stores (1). Mavtag pf ww Melville Shoe ( Mengel Co. .. Mengel Co'pf....... Mesta Machine (60c) . Miami Copper : 192 Mid Continent Petm. i E : Lo : Midland Steel Prod. . : 37T 87 4 6 15 Eng 3 46 6 - Mid St Prd ist pf(4 ing periods in 1932: Am Radiator. ....... 181 13 MisHe Fwdll ies. - Am Rolling Milis. 220 20 Minn Moline Pow. Am Safety Razor 3) 2 Minn Moline P pf Am Ship & Com Minne & § Am Shipbunilding (2). 90s Minne :\]’:Ql ) AmSm&Ref....... 56 Mo Kan & Texas. . AmSm& Ref 7% pt. 3 Missouri Pacific. Am Snuff (13%).. 2 Missourt Pacific pf. Am Steel Foundry... 14 Mohawk Carpet. 8 . 4 Montgomery Ward. . :rmn ;zlbfc':;l(g) . 1“5’ Morrell (J) & Co (23, ‘am Tobaceo (B) (5). 48 Motor Mever G & B, bRt - 08 s 1% Fed Water Service A s : Am Wat Wks etf=(1) 14 3 % - VeI Sty S Am Wat W istpf(6) 1 cen Firestone T&R(40¢) « Mutling Mg, L Am Woolen. ....... 128 Bl fcons T8 R prie) B Am Woolen pf. ... 8 First Nat Strs (2% 3 rray Corp 35 e PR . 4 Follansbee Bros Nash Motor .- a7 Am Writ Paper pf... 200s .“‘ ["uslel’- \\. heeler. 1 kK t Acme Co. en 15 e e . L : 25% 13% Fourth Nat Inv 110, -ul 8 el A H Anaconda Covner... 128 A Foxdilnich). s 4 Anchor Cap (60¢) . 10 16!« Freeport-Texa. .\:a' C.’|§1| Rez (A). 23 Andes Copper....... 2 Gabriel Co (A) T Archer-Dantels (1).. Gamewell Co YDeptBiores... 31 Armour of Del pf(7). Gen Am Investor. e ge ¢ Armour of 111 (A). Gen Am Trans (1) Nal Enr@ L1 o Armour of 11 (R) . Gen Asphalt. . Nat Ry Mex 2d pf. 2 Armour of Tl nf..... Gen Bakinz (2). BiatBka) (0lc) 2 % Arnold Constable Artloom Corp. . Associated Apparel.. Asso Dry Goods . Atchison Atchison pf 3), ... Atiantic Const Line. Atlantic Refininz(1). Atlas Powder. . Atlas Tack. . .. Auburn Auto (2). Aviation Corp (Del). Baldwin Locomot. Bldwin Locomot pf. Balumore & Ohio. ... : Baltimore & Ohio of. Bang & Aroos pf (7). Jarker Bros. .. Barker Bros pf. PRarnsdall Corp. Bavuk Cigars Beatrice Creamery Beech-) Eelding-Heminzway Belg N Ry pt pf 4.09. 4 Bendix Aviation. ... . Best & Co.. Ecthlehem Steel. Eethlehem Steel pf Elzelow-Sanford Blaw Knox d 4 Bohn Aluminum (1) Eorden Co (1.60). Borg Waraer. . Briggs Mfg Co. EKlyn Manhat Tran. Bkiyn Man Tr pf (6). ¢ BKlyn Union Gas (5) Erown Shoe (3) Bruns Term & Rwys. Bucyrus-Erie Bucyrus-Erfe cv pf. ., Budd (EG) MIg. ... Budd (E G) Mfg pf.. Budd Wheel 5 Bullard Co Burr Add Mach (40¢} . Bush Terminal. ... .. 4 Butte Copper & Zinc. Butte & Superior. ... Butterick Co g1 Bvers (A M) 11 17 F 1+ lec Auto 1 ctric Bo lec & Music lec Pwr & Lt. ... lec Pwr&Lt §6 pf lec Pwr&Lt §7 pf Slec Storage Bat (2). 1k Horn Coal. . 1k Horn Coal pf. ndicott Johnson(3) . cers Pub Sve. +44 ) 112 12 22% +1% 45% -2 | 10s rieR R. ... e R R 1st pf. reka Va Cleaner. . May, 1933 . — 41 Jan.-May, 1933 —16.7 —15.4 —12.2 —14.7 —24.0 —12.7 —16.2 —118 Citles Baltimore, Md. ... Charleston, W. Va. Huntington, W. Va. Lynchburg, Va. .... Noriolk, Va. Richmond, Va. Washington Other cities Fifth District, 50 stores . United States, 439 stores L+ 4+ 2ls Fairbanks-Morse. 10 Fairbanks-Morse pf. 5 Fashion Park Asso. 3 Fashion Park As pf. 4% Federal Lt&Traclon. 15 Fed Mines & Smit. ... % Federal Mot Truck. . 3, Federal Screw Wks. . 9 3 7 8 .1 .7 £ 89 9 —16. 20 10 FEFF P 84 10% —18. -2 State Figures L= 1 West Virginia . — 69 The Carclinas ..... +13.1 In addition to the fifth district's| report on cities, the Federal Reserve Board made its monthly report on business done in the whole 12 Federal | Reserve districts during May. Saics Compared in 12 Districts. Preliminary figures on the value of department store sales shew an in- | crease from April to May of about thc‘ estimated seasonal amount. The Fed- eral Reserve Beard's index, which | makes allowanc> both for number of business days and for usual seasonal anenges, was 63 in May on the basis | of the 1923-1925 average as 10J, com- | ared with 67 in April and 57 in ch. n comparison with a year ago the | yalue of cales for May, according to| preliminary figures, was 2 per cent sgacller; when allowance is made for the fact that there was one more trad- ing day this year than last, the de- creese from last year is about 6 per | cent. The aggregate for the first five | menths of the year was 18 per cent| smaller than last year. Fercentage Increase or Decrease From a Year Ago. January 1 o Reporting May* May31° Stores. Cities. rve distric 23% P a4+ 4+ —149 —14.8 -— 9.9 1% 401, = 14% + 4% + % + % 40% + % 6% — % 28% +2% Th + % 12 -% T - % 72 2% 331 1% — % 2% 31 2215 +4% 39% 40 + % 17% 17% — 3 108% 108% —17% 206 21% + % 33% 33% — % 23U 24% +1% 100 100 —1% 254 25% — 1 124 12% + % £3 % 4 Nat Supply Co. Nat Surety . 6!: Nai Tea (60¢) Neisner Brothers Nevada Con Coppe! New Orleans Tx& Newport Industries. N Y Central 4 N Y Ciicago & Gen Bronze. Gen Cable. 214 Gen Cable ( 2 Gen Cable pf “en Cigar (4). Gen Electric (40c).. Gen Elec spee (60c) . Gen Foods (1.60).... % Gen Gas & Elec (A). Gen Gas&E18% pf A Gen Italian Ed h2.04. Gen Miils (3). Con MAITS Dt (6) Gen Motors (1) . 4 Gen Motors pf (5)... 2 Gen Outdoor Adv.... Gen Printing Ink. Gen Public Service. . 4 (*en Ry Signal (1) Gen Realty & Util... 2'3 Gen Refractorfes. Gillette Saf Raz (1). Gimbel Bros. . Glidden Co. PRy Glidden Co pr pf (7). Gobhel (Adolf)....... Gold Dust (120).... Goodrich (B F). . Goodrich (B F) pt. Goodyear Tire&Rub. Goody'r T&R 1st (2). Gotham Silk Hosliery Graham-Paige . Granby Consol. .. rand Union ctfs Grand Union pf ¢ Grant (WT) (1). Great Northern pf. Great Northern Ore Great West Sugar... Grigsby Grunow . Guantanamo Sugar. . 2 Gulf Mobile&Nor pf. Gulf States Steel. ... Hackensack W (1% ) Huhn Dept Stores. .. Haana pf (7)... Harbison & Walker. . Hartman Corp (A).. Hartman Corp (B).. Hat Corp (A). g Havana Elec Ry Hayes Body.... Hercules Powder 1% Hershey Choc (3).... « Hersney Choe pf(15) Holland Furnace. ... 4 Hollander Sons. ... Homestake M(110).. Houdaille-Hersh(B). Houston Oft........ Houston Oil (new).. Howe Sound ¢40¢) Hudson Manhattan. . Hudson Motor Car. « H.pp Motors. .. % Mlirois Central. Pierce Petroleum Illinois Central pf... Pillsbury Flour (1) Indian Motor Cycle. . i o ks Indian Refining. . . % Pitts Screw & Bolt. .. Industrial Rayon(3). 3 Pitts Terminal Coal. Ingersoll-Rand (1% ) Pitts United pf. inland Steel. ... Pittston Co. Inspiration Copper.. Plymouth Oil. Insuranshrs Del 15c. Poor & Co (B) . Insuranshares (Md). Bort Bie At TobiA) Interboro Rap Trans. Port Ric Am Tob(B). 39 Intercontl Rubber Postal Tel&Cable pf. 38 Interlake Iron..... Prairie Pipe Line: .- 4 Int Agriculture..... Pressed Steel Car.., 9 Int Agriculture pf.. Proctor & Gam(1%). 33 Int Bus Mach (6). Proc & Gamb pf (5).. 108 Int Carriers Ltd 20c. Proddeers & Refin. 4 S S Pub Sve N J (2.80).. int Harvester (60c). Pullman Corp (3) int Hydro-Elec (A). . Bireon = Int Merchant Marine Pure Oil pf Int Nickel of Can. ... Purity Bakerie: ¢ Int Paper & Ewr (A} FT ut Paper & Pwr (B) Int Paper & Pwr (C). Radio Corp pf (B). Int Paper & Pwr pf. Radio-Keith-Orph. .. . v Raybestos-Man (60c) 331 1% 27 31 18% ettt 275 12 60s 8 903 110 324 152 9315 17% 111% team 15t pf(7). Noranda (h50e) Norfolk & West (8). North Am Aviation. . North Am (b8 % stk). North Amer pf (3).. North German Lloyd 9% Northern Pacific. ... 1'4 Norwalk Tire & Rub. 43, Ohio O1 114 Oliver Farm Equip 31 Oliver FEqprpf A.. 1% Omnibns Corp. 212 Oppenheim Coll 10'a Otis Elevator(60c) . 12 Otis Steel. ... 24 Otis Steel prpf...... 311; Owens I11 Glass (2). 20 Pacific Gas & EI (2), 25% Pacific Lighting (3). Pacific Mills Pacific Tel & Tei (). Pacific T & T pf (6).. rackard Motor Car. . Panhandle Pro&Ref. Panhandle P & R pf.. Par-Publix cts. Park & Tilford. Park Utah. Path- Exchange. .... Pathe Exchange (A). Patino Mine-. Peerless Motor Penick & Ford (1) Penney (J C) (1. Penn Dixie Cement Penna R R (50c) . Peoples Gas Chi (5). Peoria & Eastern.... Pere Marquette. . Pat Milk. 2000 o, Petrol Corp of Am... 4 Phelps Dodge. ... 4 Phila & Read C& 1. Philip Mofris&Co(1 Jones Co. .. Phillips Petroleum Phoenix Hosiery. . Pierce Oil. Pierce Oil pf Unit Gas&Im (1.20). *235 Unit Plece Dye Wks. 13% 13% + % U s Express. 1% 1% — W U S & Forn Secur. 9 9 - 41 41 +1% 10% 10% + 46% 4T% — 1415 143 + 24 24 1% 1% — 17% 177 8% 81 — 14% 4% — 281 29 54% 54% — 52 52 55% 551 — 94 95 80% 80% 3% 4 43 21% 22% +1 Richmond Atlanta Caicago &t. Louis Minneapolis Kanszs City .. Leather (A) Pipe&Fdy (50¢). P&F 1st pf 1.20 Realty & Imp. Rubber. . Rubber 1st pf... Smtg & Ref (1). U S Smtg&Ref pf 3% U S Steel. ... . U S Steel pf (2)..... J S Tobacco (4.40).. United Stores (A)... Univ Leaf Tob (2)... 43 Univ Pictures 1st pf, 28 28 +2 3% + % "niv Pipe & Rad 3% Uolews A Lt (A} W 7T 8 +%|"For’the first four months of 1933 % Vadsco Sales Corp. 1% 1% — 1% | gross earnings were $11,515,431 and 5% Vanadium Corp. 25% 26 + % | net loss $1,588,204; last year $15,996,505 — 3 | gross and net loss $825,126. 1% Van Raalte. . 1708 4 4 14% Van Raalte pf (sta).. 80s 24 2% +1 ————— —- 3¢ i U. S. TREASURY BALANCE. By the Associated Press. . 5 3% Car Chem 6% pf. 2 14 14 2% Vuican Detinnin.’. 6 -1 Treasury receipts for June 8 were $6,049,182.59, expenditures $13,397,- - 2108 64 - 1% Wabash pf (A) 5% + 810.60, balance $292,389,642.64. Customs 5% 5% Waldorf System. 9% 9% + % Walworth Co. . g;a;i:; for eight days of June $5,860,~ o T ¥ NEW YORK BANK STOCKS 145% + % Ward Baking (B). 3% 3% - 1}'& Ward Baking pf (1). 37 NEW YORK, June 10 (#).—Over-the- counter market: 1974 78 31% 43% 28 6 89 65 110 101% 6% 1% NET LOSS IS REPORTED BY PULLMAN COMPANY By the Associated Press. CHICAGO, June 10.—Transportation operations of the Pullman Co. resulted in a let loss of $451,983, after taxes, for the month of April. In April, 1932, the net loss was $386,417. April gross earnings totaled $2,880,095; last year $3,621,199. ~ “May figures preliminary; in most di tricts the month had one more business day this year than last year. America’s Biggest Banker. | America’s biggest banker today is the | Federal Government and the United | Btates is now operating 52 financing institutions, says an article in the American Bankers’ Association Journal | by John Hanna, professor of law at Columbia University. £ “Forty of these are owned entirely by the Government,” the article says. “In 12 more the Government has al- ready a two-thirds interest. Thirty- seven are intended to be permanent. Twenty-five of the permanent ones and fourteen of the temporary ones aie agricultural. “The capital stock held by the United States in these banks has a paf value of $1,380,000,000. The Governmenis total investment is nearly $2,000,000,000. Resources of these institutions exceed $3,000,000,000. In addition the Gov- ernment has detailed supervision over 51 mortgage banks, operating under Federal charter. | “The Government also supervises | 4600 local agricultural loan associa- | tions with Federal charters. All this | takes no account of the relations of | the Government to the 12 Federal Re- | serve Banks, nor of the authority re-| cently given to the Reconstruction | Firance Corporation to buy preferred | stock in National and State commercial | banks.” | Securities Act Analysis Made. | Members of the Washington Bond | T GG et Club listened to a most interesting in- | T Ch e e terpetation of the new Federal securi- | S Sl s O tics act by Attorney Paul V. Keyser, at| il 11 Chi Mil StP & Pac pt. a special meeting held yesterday after- St Ao noon in the American Security Build-| Shritelodin i ing. reumatic Tool. It was the first meeting since Frank | e L1 ot Teaiie P. Morse ascended to the presidency. | e ne s There was a large attendance despite | ChiR1& Pac6% of. 2 the heat, as there is great interest in % ChIR 1A PATE . 5 the new law which is to be administered 1 ChiStPanl MInn&O 708 by the Federal Trade Commission. 2% 6% Chi Yellow Cah (1).. 2008 Attorney Keyser is a Washington Chick Cot Oil (h30c Jawyer, who for several years has been counsel for the Investment Bankers | Association of America. He gave the Jocal bond men the benefif of much | special study of the law which he made | for the bankers' assceiation. ! New Bond Financing Improves. ooy ‘lf:.‘l‘_l “‘f"‘- o New financing approved by the tax- | e payers of 12 communities in 11 States Coliing & Afkn during May totaled $3.629,300, the larg- | 4 Colo Fuel & Iron. est monthly total recorded so far this| 15% Colorado & Southern. year, according to the Daily Bond Buyer 1914 Colo & SoBth Wbt of New York. One item, however, the | 9 Columb G&EI(bS0c). $3,000,000 State of Rhode Island flota 59 Coltinib GAEDLACE). tion, accounted for most of this. M: 6% Columbia Pict vic. .. totals for previous years were $10,468 14 Columb Carbon (2).. 18 PV T e in 19 $68.818,172 in 1931 an ' 4 Commerclal Credit.. 9 2 4 Johns-Manville. . ... $56.823.676 in 1930. o 18 Comel Inv Trust (2). 3 - Jones & Laugh pf (1) During May the taxpayers of nine | 84 Comci Inv cv pfie6). TR municipalities in eight States r(‘J(‘(‘lE‘d! 9 Comel 501V (60¢).. .. 100% ::a‘;ia:ilul;lsgfi?xf:) . proposals to issue bonds aggregating 1% Comwlth & Southn. . - S gl $4,192,600. The larg>st of these was 21 Comwlth & Sou pf(8) T a proposed issue of $3,000,000 by the | 3 Conde T a o City of St. Louis. May totals for previ- FERly SouE e ous years were $1.862.000 in 1932. §4.- S Ky z 328,914 in 1931 and $21,205,500 in 1930. elvinator Corp. I TR : Kendall Co pf (6). Comment in Financial District. Kennecott Copper. {imberly-Clark. . The Federal Reserve Bank of St KimberlyClark. ... Louis has reduced its rediscount rate Eliney G B) Cots 0 3 per cent, according to an announce- Ktiaks Doyt Btovel. mencd ;lmde at 4he Federal Reserve 1% Kresge (SS)... 14% Boart ere. Kre: SS) pf (7).. 20s 101 Merchants & Miners Transportation Dl of Baltimore has declared the regular 103 et Grovary (. - 10 3T quarterly dividend of 37% cents, pay- = able June 30 to stock of record June 15. Lambert Co (4). 31 Bonds and notes of railroad, public Lee Rubber & Tire. . utility and industrial corporations fall- Leh Port Cement. ing due this month aggregate $93,225,- Lehigh Valley Coal caaadaaaaa e ) FEFRE PEFEFE ¥ 108 49 2% 27% 4% 23 3% FEFEFE 7% cCalifornia Packing. . % Callahan Zinc & Ld. . Calumet & Hecla. ... Campbell-Wyant Fy. Canadu Dry G A (1). % Canadian Pacific. . Cannon Mills (1 “apital Admin pf A. T Clin & Ohio (4).. 3014 Case (J I) Co 41 Case (J 1) pf (4).. 51 Caterpillar Tractor.. 117 4% Celanese Corp....... 62 % Celotex vie 4 2 Celotex pf. 1408 Cent Aguirre (1 10 Century Rib Mills... 24 57 Cerro de Pasco Sois 1 Certain-teed Prod..., 44 24% hes & Ohfo (2%)... 66 147 Chesapeake Corp (2). (RESE NN - + L 1 10s 161 3408 FEFEFFERFE S ++ 1+ - - w2 eiiinanaleona EE 63 110 9 3% 12% 4 18 5% Trust Companies. Bankers' (3) .. Brooklyn Trust ( Central Hanover (* Chemical (1.80) Continental (1.20) Corn Exchange (4) Empire (2) . Guaranty (20) Irving (1.60) Manufacturers (2 N Y Title & Mtge New York Trust Title Guar & Tr (4.80) “Iacludes _extra. 14 T% 56% 26% 46% 10 17% 20 23% 4% 9 19 6215 42% 32y 49% 49 6% 36 15% 9 644 29% 48% 105 18% § 20% Tw 25% 5% 2 11 28 ok 6915 19 3% K3 First Mortgages FOR SALE 6% Interest JAMES F. SHEA 643 Indiana Ave. N.W. ST+ Warn Bros Pictures. 5 5% — % Warner Quinlan.. 4% 4 + 2% Warren Bros. . 14y — 73 Warren Bros cv pf. 28 28 5 Warren Found & P.. 16% — 1 Webater Elsenlohr.. 5% 5% — 14 Wells Fargo. 7 Wesdon O B8 lg& lg,t g (Quotations as of 11:30 o'clock.) 40 Wesson O&Sn pf (4). 53% B3% — % 30 West PaElec A (7).. 6214 —1% | Chase (2) West Pa Elec pf (6). 40s 64 64 -+2 |Commercial (&j @@ 92 West Pa Pwrpf (7). 30s 106 106 Fiost Neveosl (oo 2% Western Dairy pfA.. 3 8% + 3% | National City (1) . 74 Western Dairy pf B.. 3 — 1 [Public (2) .. Western Maryland 1% + Western Md 2d pf... 1% - % Western Pacific pf T — % Western Union. ..... 561 —1% Westing’se Air B(1). 28% +2% Westinghouse Blec. . 47 Weston Elec Instru.. 10 Westvaco Chl (40¢).. 7% + % Wheeling Steel. ...... 2014 + % White Rock M S (2).. 24% + W Wilcox Oil & Ga: 4% Wilson & Co. . M — % Wi'son & Co (A). 19— % Wilson & Co pf. 6215 —115 421 25% Woolworth (2.40). 4215 35 8 Worthington Pump.. 51 14 Worth'n Pump pf A.. 50%_341% Wrizley (Wm) (3) o g 11167 3 7 24 Yeliow Truck. . [t Eemine o Reas Silk Hosfery... 70 40% 18 Yellow Truck pf. TatRos CkemA‘m oy Real Silk Hosiery pf. 408 167 31 Young Spr & Wire... Int Rys Cent Antctfs Reis (Robert) & Co 5 31% 7% Youngstown Sh&Tp. 30% :Es::tg&:‘o‘;fi&l‘fl vt. ?; 2% 14 Zenith Radio. . 2% 2% Rem Rand 2d pf 108 Th. W Toeltes ot x 0 [nt Silver pf. Int Tele & Teleg. » Interstate Dept St Intertype Corp...... Island Creek Coal(2) ReoMotor Cir 21 Dividend rates as given in the above table are the annual cash teo Motor Car... payments based on the latest quarterly ~r half-yearly declarations. Republic Steel 99 4% In stock. aPaid last year—no regular rate. b Payable in Republic Steel pf. 7 sUDit of trading less than 100 shares. _tPartly extra. 'iPlus Reynolds Metals(1). 15 . Washington Produce ponies, 2.00a2.25; strawberries, 2.00a3.00; WHOLESALE FRICES. .50;¢ huckleberries, 4. 3 es, 25083.75; lemons, 6.00a8.00; limes, per Butter—One-pound prints (93 score), | 100 ™1 252250, grapefruit, z.oo-m's’;; 25; tub, 24; one-pound prints (92| cherries, 12-pound Containers, 2.00; 8 score), 24; tub, 23; one-pound prints | pounds, 1.50; crates, 6.00; pineapples, (90 score), 23; tub, 22. %5“33-00: 75'.%‘%3m B9 i 3~°°=4-°°i Eggs—Government graded, _extras, | bananas, (B om0 19%,; standards, 16; mediums, 16; cur- | bunches, 40a60; peaches, 2.00a4.00. rent receipts, 10all; hennery whites, Vegetables—Potatoes, new, per barrel, 12a13. 3.0023.50; old, Maine, 100-pound sacks, Poultry, alive—Turkeys, hens, 10;|1.25; Idaho bakers, 2.25; sweets, 50a75; toms, 8: chickens, Plymouth Rocks,| kale, 40a50; spinach, 50a75; string 18a19; Leghorns, 14alG; hens, mixed | beans, 1.00a2.00; limas, 4.00; peas, 1.75; colored, 12a13; Leghorns, 10all; capons, ; cucumbers, 2.50; hot 25a28; roosters, 5a7. S , 1.25a2.00; tomatoes, Poultry, dressed—Turkeys, hens, lugs, 2.00a2.50; beets, per dozen bunches, toms, 11; chickens, Plymouth Rocks, | 40; carrots, per dozen bunches, 50a60; 21a22; Leghorns, 17al9; hens, mixed I+ stock. e Payable in cash tock. 1o SBectd) Dreferred atock. '« Pavable n serin, ‘B Baid ibts Tobr. [INDUSTRIAL RAYON CO. INCREASES DIVIDENDS By the Associated Press. NEW YORK, June 10.—Industrial Rayon Co. yesterday increased its an- nual dividend basis to $3 from $2 by declaring a quarterly payment of 75 cents a share against 50 cents previ- ously paid. ‘The company said the upward trend in its business in the first months f this year had been “more than main- tained the second quarter.” The dividend is payable July 1 to holdings of record June 19. Price Advances Made. bacon, 15; lard, 8); compound, 8. Fruits—Watermelons, 45a1.00; can- taloupes, jumbos, 4.50; standards, 3.75; 20s 30s 100 18% 9% 16% 5% 28 10% 47 20% 18% 4% 19% 4% +11 WHETHER IT’'S A First Trust Loan on improved Real Estate INSURANCE of any kind REAL ESTATE you wish to sell or purchase INVESTMENT in 1st Mortgage Notes or Rental Prope: you desire g Consult 110 21 9% 16% ++ 111 | Consol Film » ‘onscl Film pf. 40 Consol Gas NY (3.40) 83 Consol Gas NY pf(5) 214 Consol Laundries. 14% 100 39% 30% 37% 10 18% 3% 9 14% 100 40 311 89% 224 2% 11 8% 567% 19 5% 5814 1 10 4 2% Cons RR of Cuba vf. %4 Consol Textile @ 111141+ Container Corp (B), Contl Baking (A)..L 4 Contl Ba'ing (B). 36 Contl Baking of (4). 35% Contl Can (2)....... 3% Contl Diamond Fibre % cabbage, 30a35; celery, 4.00; mush- 840, against $128,456,890 in May and Lehigh Val Coal pf.. $97,240,090 in June, 1932. Chase Naticnal Bank has declared & quarterly dividend of 35 cents, pay- able July 1 to stock of record June 16. Previously 50 cents quarterly. was paid. 146% 117% Corn Prod pf (T)eess 208 185% 1854 10% Contl Insur (120)... 1 Contl Motors. . 4% Contl Oil (Del) 5% 45% Corn Products (3) 2714 3%, 141 74 135% +3l4 8% 87% 14 4% 49 Lehigh Valley R R.. Lehman Corp (2.40). Lekn & Fink (2) Libbey Owens Gla Liggett & Myers(15), 19 6% 21 20% " + 14+ SEEFE & FFEEE 29% + % 4+ % colored, 15a17; Leghorns, 13al4; capons, 28a31; roosters, Sal0; Long Islamd ducks, 15 Meats—Beef, 11; veal, 10; lamb, Spring, 15; Fall 13; pork loins, 11; {resh hams, 14; smoked hams, 15, strip rooms, 3-pound baskets, 1.75; caulifiow- 1.50a2.50; lettuce, homegrown, 50a75; eggplants, 3.00; turnips, per 100 bunches, S.OQA.M; okra, 3.00, | ber of nnc-u(go NEW YORK, June 10 (#).—A num- 1 leading companies have an- nounced advances in underwear and ; | hosiery ‘lines. Retail will probably be advanced from the cmentnu;;.uhhflhl prices on hosiery Floyd E. Davis Co. 733 12th Strest N.W. NATIONAL 0353 ESTABLISHED OVER 40 YEARS