Evening Star Newspaper, June 22, 1933, Page 14

A—14 *¥* FINANCIAL. THE EVENING STAR, WASHINGTON, D. €., THURSDAY, JUNE 22, 1933. FINANCIAL. INTEREST HALTED | TRANSACTIONS ON THE NEW YORK STOCK EXCHANGE | STOCKS HESITANT High. Low. Dividend Rate. Add 00, High. Low. Close. Chge. | High. Low. Dividend Rate. Add 00. High. Low. Close. Chge. I High. Low. Dividend Rate. Add 00. High. Low. Close. Chge. | High. Low. Dividend Rat Add 0“0 H\!P. 12% 3 Adams Expr 60 1113 10% 104w — % 254 % Consol Textile .es 133 17 1% 1% — W% 9%y Kaufmann Dept St.. 8 ™ 7 ™% - % 913 213 Remington-Rand.. 37 8% 2 c A 20% 8 Adams Millis 8. A8 7 29 }zs‘ lf“ 1: Container Corp (A).. : i: : 67a Kayser (J) & Co... 33 li - : T4 fiem;{.{nd é“ »f. s: g l:_ gE ‘L di sh i ! 12% 5% Addressograph. 6 11% 10% s Container Corp (B) 3% M- % s Kelly Spring Tir . 18 — e0 Motor Car. 1 h — % apital Banks Sending Out| 12 34 Agdressosrapt 13 s T Th Gondl Baking (A). § Keliv-SpTire6mopf. 1 25 35 25 : Republic Steel 167 16n -1 eading Shares Off at Close : K 112 T3% Affiliated Prod(60c). 13 9% 8% 3 ontl Baking (B).. 2 3% Kelvinator Corp. 259 0% — Republic Steel pf. 5 -2 . - Notices Today Under 8715 473 Air Reduction (3)... 30 867 821 84 2 Contl Baking pf (4) 3 2 y 7% Kennecott Copper... 231 Reynolds Metals(1).. 28 18% —1 Despite Sharp Rise 4 13 Airway Elec Appl.. . 3 2% 2% Col’ll{ Can (2).... 63 a 1 Kinney (G R) Co. 7 5 5 % ! Reynolds Spring. 48 3 l;’(\', - A i 247 11% Alaska Juneau(60c). 293 21 19 19% 3!z Contl Diamond Fibre 5 g 1 Kresge Dept Stores.. 20s In i 62 Reynolds Tob (3). 108 % + & H . Bankmg Law. s S AlagtanyiCero . W6 AW 5s W 9 Contl Insur (1.20) B 3 10 Kresge Dept Strs pf. 208 % Reynolds Tob B (3).. 306 4 hoAdw — Nt in Sterhflg. 10% 1% Alleg Cp pf $30 xw.. 1 9 N 9% - gflntll(‘llldl Del). 3 5's Kresge (S S) 113 5 % 3 Richfield Oil..... 168 N l" - :\‘ 23 5 Allegheny Steel. . 708 21 20 20 ‘orn Products (3)... B Kr r Grocery (1) 45 3 2 2 ia Ins of Amer 5 9 & “w - % BY EDWARD C. STONE. 122% 70% Allled Chem & D (§). 85 118 111 }}3‘1 go:n FrOd PL(T)...s 3 3 d Eaimbert Co (4 T Dutch (80%¢ 28% BY GEORGE T. HUGHES, i 915 11915 119 oty Inc. 3 3 ’ ! " E 85 35 _———— e = Washington banks have stopped Pay-| “a1ms o Al Oneimons v S 3 Cramm of Whi 3% .- 2 36 Lee Rubber & Tire 7 ray Stores (1) : 51% 2% | Special Dispaich to The Star. ing interest on demand deposits, such| 23 B% Alpha Port Cement.. 12 21 19% 20 5 Crown Cork & Seal. .. 33 jie b frdcamane e o 8 e - ; | NEW YORK, June 22.-One of the Ppayments ending at the close of busi-| 8% _ % Amal Leather... 3 7 6% 6% Crown C&S pf (2.70). | 5 3 : i g St L San Franciseo ; | largest advances in sterling exchange B 40% 18% Amerada Corp (2) T4 40y 37% 38 2 Crown Zellerbach. g Lehigh vall L : - . S ¥¢ S Menh ot F 3 | since the movement started brought e gl 20% T4 AmAgChem (Del).. 7 19% 1% 1% 6 Crucible Steel... : 224 1 318 Tenan o e et 67 5% 9t Louls Southwn... 2 13 13 1 little response today in the way of Under instructions from the Wash- % 8 AmBankNote...... 8 23% 22 22 Crucible Stecl pf. .. 8 48 TR e 6 4 9 Savaze Arms. . 90 : higher prices for speculative securities, n Clearing House Association, al- 84 Am Bank Note pf (3) 10s 47 47 - CubaCo...... .. i 5 s ‘Ste 7 which might imisly that the inflation ingtor g v Ctiban=Am Stiga Libbey Owens Glass. 15 :SR:’.":,T?(‘LL?' m‘\: incentive is losing some of its force. h _| 6% 1 Am BeetSugar. 8 6 Am Su £ iz, My 2 g Aroush the teviibanking law e manda 2% Am Beet Sugarpf... 210s 37 35 35 Cudahy Packing 2% . 1% 4 s A L 3 Seaboord Afr Line... 30 When exchange touched $4.24, which tory, local banks today were sendinz! 3 9% Am Brake Sh&F 60c. 6 30% 3 30 “*argis Publishing. .. e Seabonid = ' P Tepresents a recovery from this year's out notices to their depositors stating| 95% 4915 Am Can (4) . 426 95 : Curtis Publishing p? el i Al o i ) a4 9+ low of about a dollar in the pound, vi 21 614 Am Car & Foundry.. 245, 2. Curtlss- Wright..... 7 ACamonee s o stocks enjoyed a brief period of that interest will no longer be paid on i ¥ { Curtiss- Wrig Link Belt (40c). eagrave Corp 1 & ity t .| 42% 15 AmCar&Foundrypf. 5 39 3 4 Suriise Wiptahit C4) . S0 = f S 23 2 Sears Roebuck 230 strength and activity. For the greater demand deposits, which, of course, in-| “gi. " js, Am Chain i 5 5 Cutler Hamrmer. ... - Aguid Carbonio 2 h Stcora Nt i A part of the day they were hesitant and clude all checking accounts. | 15% 84 AmChatnpt... % ; 5 TO% 1K Darigs Siiies P B Loew’s Inc (1)...... 2 4 Seoond 5 : showed a disposition to react under The Glass-Steagall banking bill Was| 421+ 8¢~ Am Chiele (13).nrmny 12 et A 5 35 Loews Inc pf (6%). : s : Seneca Copper 12 X profit-taking and short selling trans- signed by the President on June 16,/ " "2 Am Colortype. "4 37% Delaware & Hudson, : Topame s ' . e s actions. that being the reason for Payments| ssu 13 Am Come’l Aleohol Dél Tack & Westa. - I e, % Eusnon R 12 4 There was also & lull in trading, as ending on June 15. The new ruling is| “g° 1 A.n Encaustic Tiling & 5 Denver& RG W pt.. 9 B 5 Cooss dles Bish). RS2 Sharp & Dohme. measured by recent markets. ‘%m not_expected to cause a ripple in the | 1y, 33, Am European Secur. " g Detroft Edison (4). .. 3 2 2 Lo (D 22 Shatiack (RO (4 61 1 1 | and cotton advanced to approximately pmount of money which depositors| jgi 37, Am & Forelgn Pwr.. : ; ) Devoe&Raynolds(A) : y Loriandi P L)1 2dh e L e % _ 7y| Of higher than previous prices, but carry in their checking accounts. The| 35a 614 Am&Forgn Pw () 9 Diamond Match (1).. 5 2 3 e il - OO e 2 \ 503 12w | Deither showed its former buoyancy. banks here have been paying but one- | ;0 ‘Am & For Pw pf (1).. - 3 DomeMines(11.55) .. 2 $ l<0l|l§lzna Ofl....... 12 3 3 Shell Union O1l pf.. lm: ! half of 1 per cent, which meant little| 57, AR TGPt s Bt o e Lou Gas&BI A (1%). 13 Stmmons Co.... 5 184t Reaction Expected. fhra bank Eoosi T inies e Bavpened || s | o ADIEROEERATL y Dominien Storesiso L 19 : Loutsville & Nash SIE SR B X Stmms Petrolm38c) 15 s Tiat| The stock market divorced ftself to have an extra large checkingaccount. | 16 215 am Hide & Leather. . 3 5 29 Drug Inc (3).. ; . 5 audiomisteel y i e R sare 1| more completely from the factors that In the old days when Washington| 49 131, Am Hide & Leath pf. 3 3 Dunhill Internatl. .. 2 5 5 91, McAnd&Forb(1.60). 3 W 23 . ;“”5‘”' Taoks ety A Ja o 1) 1ad been influencing it than for some banks paid 2 per cent on checking ac- | 4215 2915 Am Home Prod (3).. 5 301 39 2 912 Duplan Silk (1)..... 2 205 19% 18 5% 74 McAnd Forbes pf (6) 108 : oS o e 1oa — i3l time. Technical market conditions counts, provided they were kept above | 13, 33, Am IceCo R 95 9 Duplan Silk pt (8). . 2% McCall Corpn (2). E b e b s 8¢« Ty controlled price movements. The gen- a stated amount, the new bank law e e 3 p Dupont de Nem (2).. & \ 3 McCrory Stores A .. 3 3 3 Al , 3%n 11y Cral feeling in the street was that would have been far more important. |y . Am La France&Fom. 2 97%: DopontdeN db pf(8) 3 + 6 McCrory Stores B. . 3 : 3 outh Cal Fdlson(2). 36 25 2o — 34 | S05ks are due for a reaction and that New York banks already have noti- | 1% ADTE RE & TSt Diitia i Hos ot s . bl o i ek 24 — | with this in mind there is a certain fled Washington banks that money kept | o7, 57, Am Locomotive..... 5 : i . 3 MeGraw Hill Pub. .. A 50 thei Pacifics: 5. 808 « + 13| Amount of timidity among those who in New York on demand will receive 10| z3* 1741 Am Locomotive pf 5 5 BT . IR M D%y, 110 i aouinern Eactde - 3| have taken a leading part in the opera- more interest. For a long time the call | g 8% Am Mach&Fdy(80c). E 1 5 E Mfg Co. v""' 21 15 % 11% —1% | ' McKeesport TP (4). 15 5 Southern Railway pt . 3 % °B;‘m§§§ athremdav there were notable money rate has becn so low that no . = McKes & Robbi: 20 3 7 o Tndoime could b derived from: this| o8 3y A Btetalce itington-Schild. ... L 24 McKenson & Robpfe. b 31 131 11 P W agto o : movements in the tobacco, iron and source. 4 ! 155 4 Am Power & Light 26 s ol . MeLellan Stores.... 37T 13 4 pencer KKellogg (60c) 18 5 6 = 'c'"’“‘gf‘h“‘"g TRIvOR stocke . The Interest on time deposits remains un- 9 AmP&L$5pf (1%). 3 Shvree N 3 Mack Trucks (1). 41 3 214 Sperry Corp 67 E " pened higher and both Socony- changed since the new law has DO 40 9% Am P&L $6pf (1%). 3% 33 £ 5 Shens 61'; 241, Macy (RH) & Co (2). 18 e Spicer Mfg pf (3) 108 | ecunmsgud Eoiiard; oft KR Ie ey S i s 16% 4% Am Radiator. : Kleo Pwr & Lt 5 1% : P ! Madison Sq Garden.. 65 6 Spiexel-May-Ster 1 8% — % | §f.“£§°"°§’ ed 1 s o Sbu Books Closed for Merger Voting. | 0% O AmRolline Milla.... 78 3 13 Jlec Pwr&Lt 36 pt ] 243, 2 Ma s Coppat] = . Standard Brands (1). 81 19% = 5| moversent, L Sooertl downward ; 4 Am Safety Rasor 5 35 38 5 ; Ll S 2 Mallison & Co. . % 3% 3 = A L . A ann;‘rlxncmamon Byt g ,mf % Am Seating......... Blec }s:)l;fiélslxs;a:‘fzy 3 B M lsen&Uopsc Sl 9 ErERSEE ¢ 25"' =0 mz::d ffii"'c‘fim‘"i'fi:i’?e.é?n vokl\‘:r“: :‘;ya, smc“fihgllf;egr: oremgc::n;xm Trac-| 6% 1300 :: g:};’:‘,figml i 3 o % Elk Horn Coal. :}:::‘n’zsfilxfirr:;a = e Stand g::::_::z ¥ g} H 2% were off 2 to 4 }, points. An. inciaent tion and Washington Raflway & Elec | 37, 104 Am Sm & Ret 73 34 30 a1 ) EE i A Stand Gas&El pt (1. 8 585 & % land of Peoply’s Ges et Crlcans Sk B e o i tie | a2k A EGE ($350), -~ 47 ngineers Pub Sve. Mataca oSN B Stand Invest Corp. 2% 5 9 5 shere, simsler to fie sies before the special meeting on July 3. 20236 A Sonnti(8) .o+ A0} 055 1 05% Eng PS6% pf...... 2 “1s Market SireetRy. ... Stand Oflof Cal (1).. 171 36% 34% 34% —1%)taken on Commonwealth Edison of e e e x| 4% Am Steel Foundry... 19% 17% 17% 5 Kquitable Of BId(1).. & p Mt ket Sre - Stand Oil Exp pf (5). 991 — 14| Chicago stock. Money rates on time et Soho have the Tight to vote| 114 37T Am Steel Fy pf (2) i 5 Erie R R A b = M et SRy - 6 6 : nd Of] Kansa : 244 + s were quoted % of 1 per cent lower. on the merger proposition, buyers of | = fi:“ E;".'.“("',"U- K :E‘l» :fih y Erie RR1stpf..... 9 Marlin-Rock (1) :land oil Z;‘ @y 9 39 o - w ps b y | ! Sugar (2).. ™% 6 3 BErle RR2dpt. o) P 0 A - Ry X Starrett (L S).. Strong in Forenoon. ot | - a s S a ;eh‘e;; szbgctl;s :tf.':rn:;rxlfz cloathg datow ot 80 Am Sugar pf (7). 1085 1074 3 Eureka Va Cleiner.. o1l — 3 Naraiall Fretd & o ; : % Sterling fecur (A) 3%~ % Although stocks in the forenoon were The books of the Washington Rail- 32% ::"; ;‘;;“;;’.:,’;g: 15,’2',' l‘ziv ’s Bvans Auto Prod. ... i 32 Mathieson Alk (1%). 13 9 Steriug Recural =S 3f o .’"’"‘;‘f- averaging from one-half point way & Electric Co. already have been | 49 Am Tobacco (5) 87 8515 85 4 rbanks Co 2 2 3 9% May Dept Stores (1). H Sl S 4. %4, 1 i|in the rails and public utilities to over closed, the dates being from June 21 e ot ik on A % Mistaics + Stewart Warner. ... % — % a point higher for the industrials in 5 % o P s-) 5 g g Co.. n 5% Stone & Webster. 39 15% — 13 to June 24. The transfer books of the | i Aam Tobaceo ) " Fashicn o : 5 Malville Shoe (1.20 s o | the first hour, when transactions were { % Am Type Founders. . 15 ashion Park Asso.. Melville Shoe ). Studebaker Corp. K 6 =9 Capital Traction Co. were closed on 10 A s Faskion Perk Magiics . 3 4| active, there was not the force to the y S a1 29 3 Fashion Park As pf. f s 8 gel Co. 9 9 Studebaker Corp pf 30 30 -1 June 16 and will not be opened again 10% Am Water Works(1) 85 391 . : Federal Mot Truck. . 2 Mengel Co p 3 3 3 32 { el Yl » 100 s DT that has been expressed on until July 7, according to notices posted 915, Am Wat Wks ctfs(1) EYT Federal Screw Wks. . E Mesta Machine(60c). - % 7% Superheater (50¢)... 18% + %! gu fif ys when exchange was not so on the bulletin board of the Washing-| 315 Am Woolen. . 9 y % Fed Water Service A % Miami Copper. : Superior Of1. 3 3" — 3| Additional ton Stock Exchange. 225 Am Woolen pf. . ‘125 Fidelity-Phoen 1 6 25 3 3% Mid Continent Petm. 3 Superior Steel 5 g gl e railroad _ statements ~of Meetings of the stockholders have | A oAk e BICth Ae Bosnbis). 204 3 Ssaeisieua - | nacier Steal o %, T 4| carnings and car loadings for May and been called to “consider the approval % Am WHt Paper pf q 94 Firestone T&R(40c). 17 2 Mid Stl Prd 18t pf(4) : 67 3 b 2 2 e gave An STUDIED {00 i of a certain form of agreement for the 21, Am Zine & Lead b 3 st Nat Strs (214). 9 . | 3 Minne-I'well Reg ¥ g 2. i % Svminzton (A) - 3 cumulation of railroad shares. In this unification of the transit properties of 25 AT ca Tt ot : Lt Florsheim Shoe (A) . % 5 H “4 Minn Moline Pow. 3 3 — % o New York Central figured prominently the District of Columbia as contained | Jew 5 Ansconds Gomr Florsheim pf (6).... 20s 5 Minn Moline P pf. . o ,}.:,’;"e‘;;i:'cf’gr;”’ £ Lt “\:'n‘;’;’ ‘fig;f ({g‘rt‘}“e"‘;:‘g‘:hfkp“’l’::“fl in and provided by a joint resolution of 814 : 7 214 Follansbee Brof 4 15 Minne & St Louis. . Congress approved January 14, 1933, 85| 141 % Amdoe Comper ) | oy e e ¥ - s o oulee 108 Tezas Corp (1)...... :. "3y | activity occurred in Canadian Pacific amended February 16, 1933.” 281, 9% Archer-Danfels (1. . 217 2 Foundation Co. 5 » 1 E Mo Kan & Texas. : 15% Tex Gulf Sulphur(1) % — % | at approximately its 1933 high. There Officials and directors of the two| g5 41 Alctourof Del pf(T), 3% Fourth N Inv (hdsc 24 32 Mo Kan & Texas pf. 16 Texas & Pacific 3-8 3% | was at the same time a strong market companies have recommended to the| 7y ‘i Armour of T (A). r ; : Fox Film (A) : ; 7 Missouti Pacite . ‘ a 1% Tex Pacifle Coal&Oii. 4 4% — 7 for all Canadian railroad bonds. pi s:v. 7 Armour of Tl of. 3 9 Fuller Co pr 1-f g T Mohawk Carpet,. 4 2 Thaicher MiEories | ‘é L i Tliea moai iy o stockholders, President John H. Hanna M b said: 114 Arnold Constable Gabriel Co (A) onsanto ChiL1%) 1 Thermold Co. — % |opened 1!; points higher. Fair gains IREE R i 3 Mont Ward. . . | H 2 Artloom Corp. Gen Am Investor: A.?,‘:rfmfiy& c:;r:’z) 4% Third Avenue 9 — 13/took place early in the shares of the 7 ; Directors Favor Unification. 15% 3% Asso Dry Goods. . 3 15% 13 1 Gen Am Trans (1)... 6 4 3 F 9 1 Third Nat Inv(h8 18%, independ - 9'; Morris & Essi 3 3 | 1 . '« | pendent companies. Du_Pont, Al- “The directors of the company are| 46 15 AssoDryGadof Sl Gen Asphalt........ : oy ol Thompson Product 131 |lied Chemical, National Distilleries, strongly of the opinion that the unifi-| 7%, G4 4350CIated Il = 5 Gen Baking (1). Motor Meter G & El Thompson Starrett ; 7% — % | American Telephone, American Can, cation of the transportation facilities| . ERIBN e oo ; Gen Bronze Motor Produet ' Thompson-Staret pf. 52 26'% + 15| Auburn Auto, International Harvester, in Washington offers by far the best .9:/. 50 Atchison pf (3), . Gen Cable. .. 7 % Wotor Wheel 2 3% Tide Water Asso Ofl. 93 & 8% — 1, Westinghouse and Woolworth were means of improving the mmn; A ;S: igx‘: :g:::::g‘;sfl:t’:.;?;) i o E s:: g.g:u:\).... . : o M hed 5 :uukwner Assocpf. 15 5 45 —1% among the nchm-e issues making the n n of your B Y 3 able pf.. 2 «t P imken-Detroit Axle 13 — 7 best gains in the earl; rt of . satisfactory financial conditior ¥y 321 9 Atlas Powder. ANy f 5 GGen Clgar (4. B Timken Bearing 60c. z?x’. -1% | e (covynlht.ylg‘:’n LS | company. 84 1% Atlas Tack 8 Gen Ci S unsiugwear Jac. o v = . . en Cigar pf (T) For five years we have been con- 75% 311 Auburn Auto (2), 121 Gon Elbetric te) 1% ¥ irray Corp. .. Transamerica Corp ing the passage of legislation 8 3 ! Transue & Wil'lam , == == e R s megf, boes| 5% 7 Austin Nichcls. 15 y Gen Blec spec (50c). ; 221, 11 Nash Motor. T ) Tri-Contl Corp. ... 8% TH % — % | SILVER QUOTATIONS. O e ion has finally been |—13% 5% Aviation Corn (Del). 139 Gen Foods (1.60).... & 5 35 4 114 Nat Acme Co Trico Products(23). 341 —1%| NEW YORK, June 22 (#)—Bar sil- enacted, but its benefits can only be| 12 313 Baldwin Locomot. 98 9 " i % Gen Gas & Elec (A).. 22 ! 1% Nat Bella Hess p! 6 37 Truax Traer Coal.... 12 ver firmer, % higher at 35%. obtained by action on the part of the ;;u 3"' m:a-m Locomot pf. 4 3 32 ; g::‘;;f;‘t‘,'},” PrA. 2 12 2 563 3;’- N ‘glszu}; <2-l:;~~ 55 E Truscon Steel s FOhe P U T companies. We, therefore, urge your % % Baltimore & Ohfo.... 242 23 35 o e 9 K 5'x Nat Cash Reg ( 9 T | lpprlrvll of the form of agreement em-| 29% 915 Baltimore & Ohfo pf. 10 Gen Motors (1) 2 10's Nat Dairy Prod 1.20. 112 $ LG S 5 U. S. TREASURY BALANCE. bodied in the legislation now submitted | 3513 20 Banc & Aroost (2)... 6 33% ” Gen Motors pf (5). 9 2 ' Nat Dept Stores. . 5 2 Union Bag & Pape: b 25 z | By the Associated Press to you 7% % 3arker Bros... 6708 5 5 2 2 Gen Outdoor Adv.... 3 1% Nat Dept Strs 1st pf. 80s < B A 10d S - i I ik for' 9 2 “If the approval now asked is given, | 211 Barker Bros pf...... 60s OSB Outdoot/Ady (1) J 6% Nat Distillers, . 326 784 13 T3k ’ Un Ol of Calif (1). e T Tl 519.081.126.13: cxpenditures, $149460 every effort will be made to reach an| 9% Barnsdall Corp. . < : 3% Gen Printing Ink.... 20s 1Z 5 at Lead (5).. Hitlon Pacific i6). o 1”“‘ T 83215; balance, $1.007,142 898.41. 'Cus. early agreement on the distribution of | 40 Bayuk Cigars. 39 E 9 Gen Prtg Ink pf (6).. 10s 4 t Pwr & Lt (1). 72 Giilon Padifc St 16 L “‘ -131 oo Gitles Tox 30" dags: o ung '0“" securities and other points now unset- Beatrice Creamery. 3 2 2 Gen Public Service.. 45 5 at Ry Mex 2d pf. Onion Task Gor 120, : I 1; e $15.124.543.74 3 : e Wess tled. When this is accomplished, full Beech-Nut Pkg (3). .. 4 Cen Ry Signal (1)... 6 35 3314 : tSteel (1). : 7 5 P e o el e information will be given you lnkdh -]3— 8% Beldinz-Heminzway 49 4 E b gen Fea;:y: Em S 93 3% 5 N h:um):y c: Unit Afrcraft pf (3). - 3 - =5 o i ial meeting of the stockhold-| 794 Belg N Ry pt pf 4.09. 1 3 Ger. Kealty & Util pf. Nat Supply pf.. - < U . i 2::";:1‘1):; for “consideration” and ap- Bendix Aviation..... 331 . Gen Refractorfes.... 57 8 5 Nat Surety. 5% 5 ol riedamer e 2 2% 8 NEW YORK BANK STOCKS proval of the final agreement thus| 25% Best&Co........... 49 2 Gen Refractv.te.... 1 2 s a1 Tea (§0c).... Unit Corp (40c)..... 483 11 Z1¢| NEW YORK, June 22 4P).—Over-the- reached.” Bethlehem Steel..... 649 3 3 4+ 8 9% Gen Steel Casting pf. 30s 3 -y elsner Brothers. . : Unit Corp pt (3)... 2 counter market: From this letter it is evident that it 251 Bethlehem Steel pf. . 2 9% Gfllette Saf Raz (1). 87 6 ewport Industries. 5 4 4 = G & 64 FmE e will be some time yet before the details [ 20% Blgelow-Sanford ’ : Gillette Saf Rpf (5). 4 5 . N Y Central....... %3 37 U‘" ‘g}'“oofln 5 uotations as of 2 o'clock.) regarding exchange of stock will be 314 Blaw Knox. .. 3 3 Gimbel Bros. et 4| 12 N Y Caicago L ‘ U“:‘F 'cltflg Coal. BANKS. available. The stocks of both com-| 51 915 Bohn Aluminum (1). 29 5% Gimbel Bros pf : 914 NY Chi &St Lpf.. ;. U"‘:G”’m‘ ). Baik ot Menbatiir () . panies are very widely held in Wash-| 36% Borden Co (1.60). 9 3 Glidden Co....... 6 % Y Dock. ..eeinnn R atn. * | Chase National (140 ington. Many holders of Capital Trac- | 20 Borg Warner. . 3 1 Glidden Co prpf (7). 60s 2 15 N Y Investors. . 2 b5 ‘1_“ m pf (5). ' | Commercial (%) . tion paid $100 per share for it or even| 13% Eriggs Mfg Co. 3 Gobel (Adolf). 42 9% 9 11 N Y N H & Hartford. 3 Ini¢ Paperhoard T s (i e T B higher. It now sells for $10. Naturally.| 40 Bklyr Manhat Tran. 9% 2 Gold Dust (120).... 7 18 NYNH&Hartpf.. : p oty % 1l% 1l% — %| Rabional City (1) they are intensely interested to Know | BkIvn Man Tr pf (6). 2 2 Gold Dust pt (6) | 7% N Y Ont & Western. e Cnress 1 1% — % | public (1.50) dnia how they will fare in a merger. | 9% 31 Bklyn & Queens..... % 3 Goodrich (B F) 6 3% 1% N Y Shipbldg (0e). . 3 S Eoso Secur 5 12 + 35| TREST CoMPANIES 2 Bklyn Union Gas (5). 9 Goodrich (BF) pf 3 172 Noranda (h50c)., % : US Freight. I T > Praise Choice of Whiteford. | 51% FroniShos (3) 5 38% 9% Goodyear Tire&Rub. 3 3 4 13 Norfolk Southern. .. S Gypsum 40% —2% | Bankers (3 i@’ 5 Capital bankers declare the selection Brunswick-Balk. % 9 q P 7% Goody'r T&R 1st (2). 15 % 11113 Norfolk & West (8).. S Gypsum pf (7). 110 +3 | Central Hanover ( of Roger J. Whiteford as counsel for| 3i Bruns Term & Rwys. | Gotham Silk Hoslery 41 3 3 . 4 North Am Aviation. . 3 f*“’""-- 9% — ot | chemiel2(LA0) | the proposed new Hamilton National Bueyrus-Erie. . . Graham-Paige...... 27 4 % o8 G« 15% North Am (b8 %stk). B Tl R kotiol 49% —29 | Gorn "Exchange (3) Bank is an excellent move on the part Bucyrus-Erfe cv pf. . 5% 37 Granby Consol. 2T 9% Northern Pacific. ... Leather. . 5 11% —1% | Empire (1) of the leaders in the merger. The at- 6 Buevru. rie nf (2). 140s 3% Grand Union étfs.... 150 9% R 3 26% Northwest Tele (3). caaaacceacaca wunn nuuunhnn Leather (A) . 2 19% —1 | Guaranty @i torney is widely known among the city's Budd (F.G) Mf 107 5 ol 2 Grand Union nf (3).. & 34 3215 32 | e "1 Norwalk Tire & Rub ey 16% — % | LS trers financiers, having attended practically | 515 Budd Whe, 4 28 Granite City Steel(1) 1 2 16 4% ohtoonl e et 1% — o | Now' Vo™ Fue "4 aiiee all the recent conventions of the Dis-| 10% 214 Bullard Co S| . > s 5% Grant (WT) (1).... 4 3 3 . ol rEema Bt nsy 13 1% 1t | New York Trust, ¢ trict Bankers' Association as a member 6's Burr Add Mach (40} 69 2 Great Northern pf... 181 237 y S 3R Olivei B Eoioe bTA e e 13% —1% | T & Btates (60) of the quartet which furnished much! '8 1 Bush Terminal...... 1 5'x Great Northern Ore.. 4l 3 3 241 10% Otis Elevator(60c) el 2 27 =1} ") Includes extra. entertainment. He is a fine singer and 1 Butte Copper & Zine. 42 : Great West Sugar... 101 : o W Moty = Smtg & Ret (1) 49 9% 2% 2 also plays golf well 75 1% Butterick Co L S - 215 Great Wn Sug pf(7). 20s : 6 . gy 4 - Of course, his legal ability is what| 28% 815 Bvers (A M) 67 ol Grigsby Grunow.... 80 2% 2 1061 315 O eny L IIClnse e < INVESTMENT TRUSTS ¢ him the new position as counsel | = Guantanamo Sugar.. 10 E 45 1 Pacific Coast 2 pf ; .40).. ; or the Hamgilton BeEs b already is | % California Packing 13 28 Gu!f States Steel 2 311, 20 Pacific Gu,m'::,. United Stores (A) 3 NEW YORK, June 22 (#).—Over~ holding conferences with the backers| 34 ' Calihan e sld. . 5 : 1% Hahn Dept Store: 60 ‘ 43% 25% Pacific Lighting (3). 13 Y b::‘\‘: ;:::;.;;(;:)_ 2 the-connter markers ?iq{lhe{ plaL(n}ncd ‘fion?gdnlrm&einm&&ee: S mpbell-Wyant Fy, 1 9 g 3014 Hahn Dept Stores pf. 9 zx_l . 6. r;u;:m ‘l’ufllsx. piee 3 Utll Pwr & Lt (A | Quotations as of 3:30 o'clock. 2 | 23 T Canadu DrvyG A (1). 45 314 Hall W F Printing. .. 4 NEo : 3 3 of raising the last of 2 " 5 ‘ Printh 6% 1% Packard Motor Car. S i e Bid, Asked capital and the carrying out of a| e - 3 Hamtioeatcn 410 % Panhandle Pro&Ref.. : ; Vadsco Sales Corp. % - % Am Bank Stock..... 147 thousand and one other details which 186G . 7 : : Par-Publixcts. ..... Vanadium Corp..... 2 2 ullock Fund . 313 14 Cannon Mills (1).... 3 2 : y Hanna pf (7). : Cumuiative Tr Sh enter into the merger. 1t now is hoped | 11" 15, GATROT TR Ty Harbison & Walker. . Park Utah. . ....... Van Raalte. ... 5% — % Corporate Trust - tha new bank can open the middle of e L Hartman ChrpiA) Parmelee Transport 2 2 2 Va-Car Chemical. 22 y | Corporate Trust A Al July or by August 1 o e B : 1 Hartman Corp (B). . Path- Exchange..... 12 Va-Car Chem 6% bf. s Gorp T A A mod o Mr. Whiteford has been a prominent 1% O v : 3 7 Hat Corp ( . G 4 5 Pathe Exchange (A). . V4 Elec&Pw pf (6).. 20s lcan o= Aceuss Be P 512 Caterpillar Tractor Hat Corp (A) .. 6508 | Corp Tr Accum S:r mod Washington lawyer for years. During i ,.”“:q Corp 1 2 Hayes Body . 3 215 3 p: 5% Patino Mine~... 9 2% Vuican Detinning... 310s 2| Depos Bk Sh N Y “A".. Ahe Wit Sosb e N, 15 Celotex Co. . 2 %l Hercules Motor. ... . 4 Beerlam Mooy 4 g %| 6 1 Wabashpf (A). 6 4 R Bisant cotporation coUnee bres % Celotex vic. A 5 2 | a3 Hercules Powder 1% 9 43 51% Eenio o (L) ol 10 5% Waldorf System T g 81 — 3| Eund Tr Shrs | - he is senior member of the law firm| S t < u . a0 7 19% Penney (J C) (1.20). 9 L of Whiteford, Marshall & Hart. He B Rlaesel e B 4 Dol Eom o T LIER 1IIG s Penn Coal & Coke. “ 6 e e B0 | pecmumveny ga mate ol Mugleng hesrn 38 CentRRofNJ..... 1 Hersney Choe pf(15) : ] g fomiop .. 7 4 5 Ward Baking (B)... 250 47 % 1 5| Nation Wide Sec vie! O e e N e 1ol M 1 OmteyEB WM. 11 Holland Furnace.... 16 31 TannDixle Cutr 30% 8 40 111 Ward Baking pf (1) 9 37 I e S SnanoIEr section 0 AALyAD 8% Cerrode Pasco...... 50 2! 2, 2% Hollander Sons 3 7 enns s . ‘ 65 1 N 5 5 9 515 ; Homestake M(t10).. 7 i Eeapish Gas Chi (). 4 % Warner Quinlan. 37 T 4| Nor Am Tr sh 1956.. . his father's love for music and plays I eanc g ; ; Houdaille-Hersh(A). 2 : 37 Pere Marquette. F e e gms ‘ 1::’ 11| Spencer TraskFund & pipe organ with startling ability. 2 D saces 2 g 24% ‘hes & Onfo (2%).., 223 P Pere M. tte pr pf Househd Fin pf 4.20, 9 9 g exp Marquetie v 3 17% 5 Warren Found & P.. Super of Am Tr B.. . Houston Of! 77 34% 2 5 % Pet Milk 3 6 1 Webster Eisenlohr., . 7 . | Super of Am Tr BB " Stoc z 21, Chi Great Westnpf.. 19 ) ¥ E 5 Phelp: 3 g:m:';'?i( 5 g )lrn;!'a’;n RT:E RSt e ! - 515 Howe Sound (40¢)... ¢ 5 l'\]""“”:,bgf,“_}- o 2 313 1 Wells Fargo........ b9 P 2 | Trust Pund shrs 0000 ransactions being rin I o 3 : 35 25 PhilaCo6% pf ( 22" 7 WessonO&Sn (50¢) 76 29 7#| Trusteed N Y Bk Shis . . Phila & Read C & 1 f : | Tt e Ch! & Northwest pf.. Hudson Motor Car... 74 : Phila & Rea a 68% 3313 West Pa Elec pf (6). 2 = Georgetown Gas Light first 55 wer o tors 31 : Bis = Phiiip Morris&Co(1) 73 30 West Pa Blec A (7). 5 el aee e | Ton 2 e ; at 103%. This completed the bond 2% Chi R 1 & Pac 6% pf. ! w!l 2 Ind Motor Cycle pf.. 20s o ArtoN Somca d 3 11% 25 Western Dalry pf A.. Potomac Electric Power 5!, per cent| 3 5 Chick Cot Oil (h500). 2 Pierce Petroles 3 2 18% 5% Western Md 2d pf. Free Upon Request | has a young son, who has inherited SR e B nce D e “ 4% — 15| Nor Am Tr Sh Houdaille-Hersh(B). 17 Y 5 F Pere Marquetta pf... 35% 7% Warren Broscv pf.. o 5353 2!! "t‘r;!" !;'YAM-» Bonds Lead Local Exchange. | 40% 147 Chesapeake Corp (2). &5 ? i o 1% Chi Great Western.. & 5 2 ; | Bonds feat ding on the Wash Houston Oll tnew).> 1 Petrol Corp 61 50 Webster-Eisenlhr pf. s B A e e 1% Chi Mil StP & Pac pf . ¢ . D el A rans = 'fif‘» Ei‘;:{n'r(‘ o a_(b:m figured 1% Chi & Northwestern. » “ludson Man pf (5).. Bhile Ragld Mranslt. N 3 B4's 40 Wesson O&Sn pf (4). | Zrustesd Am Bk CA also in demand. four $1.000 sales in g Phillips Petroleum. “ i se i aar o ! 513 Chi Pneu Tool pf... - 11ir ois Central 102 2 3 2 101 81 West Pa Pwr pf (6). ; 4 A Comparison of these senior securities being recorded D IV e ruo : : R i % Phoenix Hoslery.... 9 9 110% 92 West Pa Pwr bf (7). ¢ || 39 COMMON STOCKS f trading. Washington Railway & Elec- = 7 3 Pierce Oil ! and o 2 3 33 ChiR1& Pac 7% pf. 7 Indian Refining. . ... s & - g 5 . 4% . 3 4 | tric preferred stock sold at 86'; and 6'» Chl Yellow Cah (1). . 4808 5 5 y Industrial Rayon(3), 101 y 5 : lerce Clipfe 127 4 Western Maryland p 26 INVESTMENT TRUSTS | 23 Ingersoll-Rand(1%). 26 E s i | referred moved at 108 > L : Pillsbury Fleur (1).. . | e e L aas thet 2 Childs Compan 18 8w Iilknd Sieal 20 39 8 EHEb ] 1) 1 Western Pacific. . .. George M. Ferris & Co., Inc. | 78, Chrysler Corp'n. 759 5 o H 8 ;s ¥ % 7 G the directors of the American Security| 5, % City Toa & Fuel i35, 20 Y {:s{:lr':n';h:s‘hilplfié: 3 3 Linscernn K B0l 1;': 3‘52::3',’, g:‘clncpx Wk mtan D AL o 1 & Trust Co declared a 2 per cent divi- 46 ity lec&Fuel pf6%. 20s 68 | « Interhoro Rap Trans. 54 Ka xn & 5 E1its Term Ooaler : AR 11% Westing se Air B(1 —_— T *q‘am)mmr; “r“‘m"ra - 2 4 City Stores......... 2! Interboro Rap Tr cod Pitts United pf D g 19% Westingliouse Elec. WE WILL SELL Niine 30 o oresctfs..... 5 1% 5 “% Intercontl Rubber... 2 615 Pitts & West Va. . b : - gt. \'\‘es[on E\pg Instru.. 3 4 o . y Stores (A)..... 300s 4% 7 % Int Agricuiture. . 7 : : gy & estvaco Ch] (40¢).. Subj Virginia Bankers Open Parley. 5 uipment. ... s 4% 1ik 12 g Int Agric g = T% Whegling Steel...... 2 2 omwein e ky’om?m ®. $16 B bedy (1).. 4 2415 36 Int Bus 2 mou’ 16 White Motor. 000 Wash. Suburban C : The Virginia Bankers' Association 5 9 2 7 ey Y Poor & Co (B). 8 4 Lok = - : 3000 Maxfi e it . 9 ) 6 95 9218 27y Int Carriers Ltd 20c. . = s 11% White Rock M 2 b 3 ower Hotel & $ opened its fortieth annual convention at te-Palm-Peet.. 10 194 3 o P 1 Port Ric Am Tob(A) 2 ' White Sewing Macn 3 P i e g o 5 ek 3 C 1 8 i 3 . : 4 ~ Brewi 5 Hot Springs today with special addresses Collins & Afkman. ... 179 143 B « Int Harvester (60c). 2 y Port Ric Am Tob(B). s 3 14 White Sew Mch pf... " [| 200 Sh: &roft Brewine co: $ 207 > 5 2 Wilcox Oil & Ga 5 f ?'| 100 sh. Patterson Brewing co. Spring and Francis H. Sisson, president | 15 313 Colo Fuel & Iron.... 30 14 121, 9% Tnt Hydr o Biar (4D 4 Prairie Pipe Line.... & o 17 Wulson & Co. : 50 S, Hearst Cons. Fubl. of the American Bankers' Association. g 16 Colo Fuel & Iron pf.. 140s 485 “+6 6 Int Merchant Mari; P NY y Both speakers devoted special attention 5% Coloratoik Bonthern. 1005, 295 : | e R ; 19% Proctor & Gam(1%). 28 ang 5% 19, WiteEcot e i y COLONY COMPANY to the Glass-Steagall bank bill. 9 Columb G&EI(b80c). 326 25% " 2 ‘ 97 Proc & Gamb pf (5).. 10s 102 B 6 c). 25% 23 3 Int Nick Can pf (7).. . - 45% 25% Woolworth (2.40). 42 ME. 2721 Wash. Bld, Heard in Financial District. 6% Columbia Pict vie... 20 195 Int Paper pf 2 $ lecl 3 Broducecs X B 2 — %l 37 '8 Worthington Pump.. 32 341, 30% 2 ash. Bldg. R 3y 281 Columb Carbon (2).. 556 60 564 Int Paper & Pwe (A). 4 S 3 3 Prod & Refiners pf... 10% -2%4) 47 14 Worth'n Pump pt B, 44 s Francls o Addaon, . preedent of 4 ScomunarclslCraTi 0 = tcuT s BT : [nt Paper & Pwr (B) 12 : 33% Pub Sve NJ (2.80).. 514 -1 | 501 341 Wrigley (Wm) (3).. 477 A the Security Savings & Commercial 10 Coclraiay. o Ay ] 3 StiserARe(E) S22 h Bars 68" Pubil Eve N of (5 P 15 Wrig s % Bank, has gone to London to attend| 70 Comel Cred 1st(6%). 110s 85 - Int Paper & Pwr pf.. 8 13% 13 3 7 18 Pullman Corp (3). 43% —2%) 22 7 Yale& Towne (60c).. 19 > M the wedding of his wife's brother. He 1814 Comel Gred pf B (). 1108 23 1 iTmnanmnr, : 215 Pure OIl ! 8% — % 71 2% Yeliow Truck....... 5% st ortgages will do some touring in Europe before 18 Comecl Inv Trust (2). 39 371 1% e ] : 30 Pure Ol pf.... 54 | 17% 34 YoungSpra Wire. .. pring his_return 9 Comcl Solv (80c).... 526 234 % M bise o 5 5% Purity Bakeries (1). 2 19% —1%' _32% Thh Younmstown Sh&Tr. 264 " FOR s The Washington Rapid Traosit Co 1% Comwlth & Southn.. 35575s 5% 65 Int Siiver pf.... ... B0s ] 1% 8 RadioCorp......... 2% s Zenith Radlo........ 1% 1 ALE Teports to the Public Utilities Commis- 21 Comwlith & Sounf(6) 5 2 214 Int Tele & Teleg..... 78 4 4 — | 40 13% Radio Corp pf (A)... T4 3% Zonite Products. .... 6% 6 sion that there was a net deficit in T4 Congol-Nairn (60c). Interstate Dept St 9 ) 25% 65 Radio Cor S 2 7 erstate Dept St... 4 2l 25% 6 D of (B). Rights, May of $3.170, as compared with a 6% Congress Cigar (1).. 34 12 Intersta Dept Storpf 30s 3 1 Radio-Keith-Orph. .. BN, E 6‘7 l surplus of $7.312 in May, 1932, making 313 Jonsol Clzar 20 1s1and Creek Coa 1 : 1414 RR Sec 111 Cent St E AmSom AL oy b oz o 0 Interest " 2 ] 1 s of Ve ay of % C . . Ve 'S R: 8 For the first five months of this year 40 Consol Gas NY(3.40) 303 Bri- Wl oA R Johon Manmlle . B0 ; 2315 Reading 2d pf (2). -M....... 1,090,000 12:00 Noon......2,010,000 JAMFS F. SHEA s : 3 by President Samuel W_Keys of Glade < Colonial Bescog Of, 1 s : 2 Bt Ha restorsticty. 2ians Fostal Tel&Cable of. 48 2l net income shows a deficit of $20.959.25, | 83 Consol Gas NY pf(5) 94 Johns-Manville pt. .. 360s Reai Sk Hoslery. T 2.450.000 - BACE as contrasted with one of $19.342.28 for R 4 — 3] 81% 3b_Jonss& Ldexhivt(l) 80 Real Silk Hosiery p SURit of trading less than 100 shares _tPartly extr 643 Indiana Ave. N.W. the like period last year, an increase 5 Counsol Ofl Corp..... 6b: H -1 21 6% Kansas City Southn. 12 2 Reis (Robert) & Co.. 62 + oy dmin IEK.“:EIHA last year—no resular rate le in ve. N.W. of $161687. 11a Cons RR of Cuba p ] T -4 (304 12 KanCitySoupf(2). 9 Rels (R) & Co 1st pf. 22008 Y4 pock, ePavable in castor stock, | d Plus 8% In b