Evening Star Newspaper, April 8, 1935, Page 17

FINANCIAL. THE EVENING oLAR, WASHINGTON, D. C, MONDAY, APRIL 8, 1935. . FINANCIAL. %% A—17 W S[[]URHYSAV]NGS TRANSACE‘ION S ON THE NEW YOR’I'O{_‘_ STOCK EXCHANGE||(SSESRECORDED STARTS 230 YEAR i 22 o, o, BY RAIL STOCKS 0p.m Sales— t Add 00. High. Low. Close. Chse, 10s 1% 59 14% - % % Prev, 1935 Stock and High. Low. Dividend Rate. 1% 1% Southern Dairies B. 19% 12% Southern Pacific. .. 16% 7% Southern Rallway Prev. 1035 Stock ana et - Low. Close. Chse. 3% 12% 3% 9% Mid-Cont Pll(hlon) 11% = e STOCK AVERAGES o BT e rarte Complled by the Associated Press. Officers and Board Receive Congratulations on 2% Miami Copper...... 3 Steady Growth. BY EDWARD C. STONE. Francis G. Addison, jr., president of the Security Savings & Commercial Bank, and his associates among the officers and directors were receiving congratulations today as the in- stitution started the first business day of its twenty- third year. The present bank, located at Ninth and G streets, opened for business at another site on April 7, 1913. On that memorable opening day de- | posits totaled $32,226.32, while the recent con- troller’s call of March 4, this year, revealed deposits of $5,554,789.86, showing steady, sound and gratifying growth during the years. Julius I. Peyser, the first presicent, js now chairman of the board of directors. Mr. Addison, who has been president of the bank for sev- eral years, is a former president of the District Bankers' Association, is now chairman of the association’s Committee on Law and Legislation | and in the past has represented the local organization in the councils of the American Bankers' Association. He is a leader in the work of the Better Business Bureau and is one of the guiding spirits in the Washington campaign for home renovations and improvements. The other officers include Fred | McKee, vice president; Samuel R. Baulsir, cashier: T. Hunton Leith, sec- retary and assistant cashier; Latrobe Owen, assistant cashier; L. Louis Shipley, assistant cashier, and Charles | R. Kent, branch manager. The present beard of directors is composed of: | Francis G. Addison, jr.; Dion S. Birney, Frarcis A. Blundon, Diller F. Groff, Benjamin H. Gruver, John B. Harrell, George E. Judd, Fred McKee, Julius I Peyser, Stacy M. Reed, Morris Simon, William W. Spalding, | Milton Strasburger and William C. | Sullivan | On May 7. 1928, the bank estab- | lished a branch at 1518 K street | northwest, which has proved a very successful addition to the institution. Ticker Club Meets Tomorrow Chauncy G. Parker, jr. secretary | of the Washington Ticker Club, an- | nounced today that there had been | a very general response to the invi- tations to the annual dinner to be giver. by the president, Thomas W. Brahany, at the Columbia Country | Club tomorrow evening at 8 o'clock. | According to an old custom, the head of the club serves one year, which means that President Bra- hany will conclude his strenuous duties | at an early date. The other officers are Ralph M. Wolfe, vice president, who is manager of the Washington | office of Mackubin, Legg & Co., and Mr. Parker, secretary-treasurer, who is 2 partner in Auchincloss, Parker & Redpath, New York Stock Ex- change firm, with head office in this | city. The program for the dinner will be rather informal, according to present | plans. Efforts were made to secure | a speaker from the New York Stock | Exchange, but doubt was expressed today over the success of this move. New York brokers are thinking of lit- tle right now but the intensely heated contest over the coming stock ex- ehange election, F. G. Addison, Jr. Bankers to Hear Lippincott. Chairman R. Earle Haycock of the suditors’ section of the District Bank- ers’ Association announced today that Lincoln H. Lippincott of the educa- tional department of the Maryland Casualty Co. will be the guest speaker at the April dinner meeting next Thursday at the Hamilton Hotel. Mr. Lippincott is a well-known au- thority on the question of forgeries and the evening will be devoted to a discussion of this topic, which has be- «come a more serious problem to banks in recent years. It is expected that the speaker will describe some of the present-day methods of professional | Sorgers and suggest some practical pre- ventive steps. Also he will acquaint the bankers with the provisions of the latest forgery bonds, forgery clauses | &nd recent changes in bond forms. Several members of the auditors’ gection are planning to take guests, which means an unusually large at- tendance. Await Payments of $400,000. Depositors in three closed banks tere rejoicing today over the coming | 112 84% Adams Expr pt (5). 8 Addressograph. 4% Advance Rumle; 8% 6% Affiliated Prod (60e) 115% 104% Alr Reduetion (3).. 1% % Air-Way Elec Appl. 204 315 1% % Alleg Corp (k). 7 2% Alleg pf w$30w( 6% 1% Allegptxw (k).... 7% 6% Alleg Cp pr pf (k).. 141 125 Allied Chem 17% 12 Allis-Chalmer: 20% 14 Alpha Port Cmt (1) 3% 2% Amal Leather.. 57 4813 Amerada Corp (2) g'{n 42 Am Ag Chem Del(Z) 611 123 110 AmCan (15).. 20% 10 Am Car & Foundr: 45% 25% Am Car & Found pf. 7615 66 Am Chicle (13%). 4 2% Am Colortype . 221 Am Comel Alcohol. 6'; Am Crystal Sugar, . 57% Am Crystal Sug of. 1% Am Ensaustic...... 2 Am & Foreign Pwr. 3% Am & For Pw 2d pf. 9% Am Hawaifan SS(1) 304 Am Home P (2.40) . 3813 Am Ice Co....... 415 Am International. 1% Am La Fran pf (k 32 Am Locomotiv 181 Am Mch & Fy (”c) 13! Am Metal 72 Am Metals pf. 1% Am Power & Light, 8% Am P&L $5 pf (1%) 10'4 Am P&L $6 pf (1%) 10'; Am Radiator....... 15% Am Rolling Mill; es Am Saf Ras nsu). 2 Am Seating. '{m Am Smelt & Ref 103 Am S&R 6% pf jT% 12 Am Steel Foundry 33%: Am Stores (12%) 55! Am Sug (2).. 18!'; Am Sum Tob (1 987 Am Tel & Tel (9 72!z Am Tobacco (5). .40 74% Am Tobacco B (5).. 129% Am Tobacco pf (6). 9 Am Type Fdrs pf(k) Tta Am Wat Wks (80¢). 48 Am Wat W 1st (6). 47 Am Woolen. 35': Am Woolen pf. 5% Am Writ Paper 3 AmZinc & Lead.... 8 Anaconda Copper... 103 Anchor Cap pf(6%) 36 Archer-Dan M 113, 97 Armour Del pf (7).. 314 Armour of 1llinois. . 56 Armour [1] pr pt (6) 7'; Asso Dry Goods. ... 35% Atch To&S F (h2).. 66% Atch To&S F pf ( 19% Atlantic Coast Line 21% Atlantic Ref (1) 32% Atlas Powder (2 4 AtlasTack... h Auburn Auto. ' Austin Nichols. 3 Aviation Corp Del. . _— 1'; Baldwin Loco (k). 713 Baltimore & Ohte. ... 9'4 Baltimore & Ohio pf 106% Bang & Aroos pf(7) 57 Barnsdall Corp. 371 Bayuk Cigar (b 5% Beatrice Cre(a50c) . 104% 1001 Beatrice Cr pf (1).. 13'; 1l Belding-Hem a50c. 17%2 11% Bendix Aviation. ... 17% 154 Beneficlal Loan 1%. 381 34 Best& Co (2) . 34% 21% Bethlehem Steel. 14% Bigelow-San Corp.. 9% Blaw-Knox. 61+ Boeing Atrplane 49% Bohn Alum&Br (3). 90 Bon Ami (A)(15).. 21 Borden Co (1.60). 28Y% Borg Warner (1% % Botany Mines A (k) 24!, Briggs Mfg (2)... 31% Bristol-Myers 12.40. 90 Bklyn-Man T pf (6) 15 BkIn&Queens pf(2) 43 Bklyn Union Gas(5) 53 Brown Shoe (3).... 4% Bucyrus Erie. 81 Bucyrus Erie cv pf . 31, Budd (E G) Mfg. 23 Budd (EG) Mfg D( 2% Budd Wheel 81 Bullard Co. 3% Bulova Wat, 131 Burr Add M (60¢) 1'% Bush Terminal (k). 10 Bush Tr Bldg pf ct. 1'x Butte Cobper & Zinc % Butterick (k) . 11% Byers (A M). 17% 86!y 3% 167 181y 164 24 5% 68 40% 181 43 70y 24% 20% 118 1684 715 Campbell-Wyant. .. 8% Can Dry G A (40c). 9% Canadian Pacific. 3074 Cannon Mills (2)... 4% Capital Admin (A). 45% Case (J 1) Co. . 3613 Caterpillar Trlcu) 19% Celanese Corp. . 17 Celotex Co (k). 11% Celotex Co pf (k) 22Y% Cent Aguire (134).. 38% Cerro de Pasco (2).. 35, Certain-teed Prod 371 Ches & Ohio (2.3 36 Chesap Corp (3). 1% Chi & East I1l pf(k) % Chi Gt Westn (k).. 13 Chi Gt Westn pf(k) %ChiMiIStP&P.... 3 Chi M1 St P& P pf. 2% Chi & Northwestrn, 4% Chi & Northwest pf. 20 Chi Pneu Tool pf... 25% Chickasha CO (2). 3% Childs Co....0u0z00 31 Chrysler Corp (1), 87 City lce& F pf 6 20! lll% 112% 112% -1% 5% 5 14 10s 87 l'l 87 -1% 5 10% 10 lgt + W 1 ik 5% T% llll‘hlll ll!K % K 17 2% % 3\‘ 1 3 1 8% Gllfl‘a 16% 3 ll2Vh 183‘,- + 14% 16% 3 1144 +| FE 2Ry FFEF FE OFEEF F2 FF 139% 139% 12% 13 1% 11 603 61l 614 39% i3 813 10% 106% 3913 100 4 60 94 3814 697, 213% 243, 35% 4+ ERF LSS 44141 ++ TEREFEELE 4% 173 6% 3% 1% 9%, 12 113 67 381, 1615 4 1041 1% 13% 163 358 25% 16% 10% T4 54% 95 - @ - S BoFouasBusReamn (EIEOE » » ++ +1 o - R N 0 8 5 5 P4+ 14+ + SEsE K E - AR wunmo ++ FAUL++ 04T+ 30 Indust. Net change Today, 1 p.m. Previous day . Month ago .. Year ago 1935 high 1935 low 193¢ high ... 1934 low ,. .unch. 52.2 522 50.9 57.7 56.6 49.5 614 453 15 Rails. +.3 209 20.6 18.7 38.7 276 2:30p.m. Prev. 1938 High. Low. Dividend Rate 5% 3 Dunhill Internatl 9915 86% Du Pont de N (2.60) 107 104 Duqu Lt 18t (6) ———— 124% 110% Eastman Kod (5) Bastm’n Kod pf ( 16% Eaton Mfg (1)..... 19% Elactric Auto Lit 3% Electric Boat. . Stock and % 39 Elec Stor Bat (2%). 60%; 52% Endicott-John (3).. 130% 125% Endicott-John pf(17) 20% 14 Eng PubSve 85 .. 14 THEreRR. = 17% 8% Erf R 1st 12% 10% Eureka Vac Cllch) 23% 16% Evans Auto (aT5c). 17 Fairbanks-Morse... 71% Fairbanks-Mrs pf. . 5% Fed Lt & Trac...... 48 Fed Lt& Tr pf (6). 3% Fed Motor Truck 2814 F1d Ph F' Ins(11.35) 18% Firestone (40c). 85 Firestonepf A (6 46 First Nat Strs(2%) 2% Follansbee Bros (k) 20% Food Mach (1).. 9% Foster-Wheeler. 60% Foster-Wheeler pf. 4% Foundation Co . 19% Fourth Nat In b8 6% Fox Film (A). 17% Freeport-Texas (l) 4% Fuller Co 24 p! 32% Gen Am Trans(1%) 11% Gen Asphalt. 7% Gen Baking (601:).. 5% Gen Bron: 2 Gen Cable 4 GenCable (A).... 19 Gen Cable pt 50 Gen Cigar (17) 20% Gen Electrie (60¢).. 11 Gen Elec spee ($0c) 32% Gen Foods (1.80) 14 Gen Gas & El (A 10 Gen G&E 6%cv D 11 GenG&E 7% pfA. 597 Gen Mills (3)... 261 Gen Motors (1).... 115\6 107'5 Gen Motors pf (5).. 10 Gen Outdoors AdvA 17% Gen Print Ink 1.20. 93% Gen Print Ink nflG) 1% Gen Public Service. 15% Gen Ry Signal (1).. % Gen Realty & Utll, 16% Gen Refractories 16% Gen Refrac ctfs.... 15 Gen Stl Casting pf.. 12 Gillett Saf Raz (1). T0% Gillett Saf R pf(5). 2% Gimbel oros. . . 23% Glidden Co (11. !0).. 24 Gobel (Adolf)...... 147 Gold Dust (1.20)... 713 Goodrich (B F).... 40 Goodrich (B F) pf 15% Goodyear T& R.... 71 Goodyear 37 pf (4). 214 Gotham Silk Host 1% Graham-Paige 5% Granby Consol 2% Grand Union 17 Grand Union p! . 26 Grant (W T)(11%) 9%, Great Northern pf.. 9% Great Nor Ore (50c) 31% 26% Grt West Sug (2.40) 2% 1 Guantanamo Sugar. ——— — 32 30 Hack WpfA (1%). 6% 3% Hahn Dept Stores. . 105% 101 Hanna (M A)pf(7). 20 16 Harb Walker (1)... 7 513 Hat Corp (A). 94% 85 Hazel Atlas Gl (5) 16 11 Hercules Mot (60c 125'% 122 Hercules P pf (7).. 104 Hershey C pf (15) 5% Holland Furnace... 30% Houd-Hersh A (j2). 613 Houdaille-Hersh B. 49 House Fin pf (3%). 914 Houston Oil........ 133 Houston Oil (new) . 43 Howe Sound (3)...3 65 Hudson & Man pf. 6% Hudson Motor Car. % Hupp Moto Zl'l 100 9% Illinols Central.... 24% Indus Rayon (1.68). 60% Ingersoll-Rand (2). 46% Inland Steel (1).... 23 Inspiration Copper. 4 Insur Shct Md l4c.. 8% Interboro Rp Tr(k). 2% Int Agriculture. 31 Int Agriculture pf 149% Int Bus Mach (p6) .. 38 Int-Carriers Ltd 200 227 Int Cemeat (1)..... 341 Int Harvester (60c) 1% Int Hydro Elec (A). 214 Int Merch Marine. .. 22% Int Nick Can (60¢) .1 1% Int Paper & Pw (A) 1 Int Paper & Pw (C). 41 Int Paper & Pw of .. 9815 Int Print Ink pf (6) 42 Int Shoe (2). 5% Int Tel & Tel Bales— Ada 00. High. Low. 2 3 3 184.3 15 60 Util. Stocks. +.2 +.1 259 378 287 317 224 357 35.1 473 26.6 41.6 216 348 406 514 24.2 349 239 16.9 157.7 61.8 618 Net Olose. Chse. 3 17 92% 9l% 9% — % 10s 106% 14 124% 608 153 N Do e ot 10 At a0 S ) 106% 106% + % 124% 124% - 153 153 18 18 + 21% 21% — 4% 6% 2% I++44+14+0 4+ + 18% 80% 5% 8% Midland Steel Prod, 58 Minn Hon R(13%). 3% Minn Moline Pow. .. 2% Mo Kan & Texas 6 Mo Kan & Texas pf. 1% Mo Pacific (X)...... 1% Mo Pacifis pf (k)... 10% Mohawk C M (h26e) 56 Monsanto C (1). 21% Montgomery Ward. % Mother Lode. . 17% Motor Produects. T4 Motor Wheel 7 Mullins Mtg. 36% Mullins Mfg pf.... 13% Munsingwear Ine. 4% Murray Corp. . 11 Nash Motors (1) 12% Nat Dairy Prod 1.20 1% Nat Dept Store (k). 17 Nat Dep St 1st pf (k) 24% Nat Distillers (2).. 231, Nat En & Stpg (h1). 4% Nat Pwr & Lt (80¢) 40% Nat Steel (11%) 9 Nat Supply Co 36 Nat Supply pf. 81 Nat Tea (60c). 113% 109 Newberry (JJ)pf(7) 8 4% Newport Industries 12% N Y Central R R 6 NYChicago& St L. 9% v YChi &St Lpt.. 2% N Y N H & Hartford 14% 6 NYNH& Hart of. 6 2% N Y Ontario & West 1 N Y Rallways pf. .. 16% 6% N Y Shipbuilding. . 97 90 N Y Steam 1st (7).. 3615 30% Noranda Mines (h2) 175 158 Norfolk & W (110). 103 99 Norf & West pf (4) 4 2 North Am Aviation. 9 North Am Co (1). 35'; North Am Co pf (3 57 North Am Ed pf (6) 21% 134 Northern Pacific... 35% Northw Tel (3). 9% Ohto Ol (hdbe). 1% Oliver Farm Equip. 18, Oliver FprpfA.... 11% Otis Elevator (60¢) . 4% Otis Steel......... 13% Pacific G& E (1%). 19 Pacific Ltg (2.49) 70 Pacific Tel & T Packard Motor 10‘; Pan American Pet. 2% Par-Puplix ctfs 4!) 13% Park & Tilford. . 2% Park Utah.. “» Parmelee Transport 1; Pathe Exchange. .. 10!; Pathe Exchange(A) 8l Patino Mines 1% Peerless Motor. 64'; Penick & Ford (3)., 57% Penney (J C) (2) 1077 Penney (3 C) pf ( Penn Dixie Cemen 17% Penn RR (1) .. 30 Peoples Drug 8 17% Peoples Gas Chi 9% Pere Marquett; . 13 Pere Marquette pf. 16'¢ Pere Marquet pr pf. 7% Petrol Corp (h50¢c) . 12% Phelps Dodge(h75c) 23 Phila Co 36 pf (3) 381; Phila Copf (6) n... 13 Phila & Read C& 1. 35% Philip Morris (1) 13% Phillips Petrol (1 1« Plerce-Arrow (k) i Plerce Oil % Plerce Pet 3|‘,n Pillsbury Flour 1 60 = Pitts Screw & Bolt. 2210 Pitts Steel pEsocs 61; Plymouth Ot (1) 614 Poor & Co (B) ... 1%, Porto Ric Am Tob A 1% Porto R Am Tob B. 8t Postal Tel & Ca pf.. 1% Pressed Stl Car (k) 42% Proc & Gamb (1%). 20% Pub Serv N J (2.30) 623 Pub Serv N J pf (5) 3 Pub Sve NJ of (§). 85% Pub Serv N J pf (1) 41% Pullman Ine (3). 5% Pure Ofl 8% Purity Bi 4 Radio Corporation. 50 RadioCorppf A 3% 35% Radio Corp pt (B).. 1% Radio-Keith-Or (k) 4'« R R Sec 111 Cent... 16'; Raybestos-Man (1) 29% Reading (2)..... 8 Reis (Robert)1st pt 8 Remington-Rand... 2% Reo Motor Ci 9 Republic Steel. 28% Republic Steel p: 20% Reynolds Mflllsl). Reynolds Sp 40¢c) . 31 Reynolds Tob B ll) 217 Roan Antelope Ltd. 3% Rutland RRpf.... (3). Strs pf (6) 11274 110 Safeway Strs pf (7) 17% 10% St Joseph L4 (40c). 2 1 StLSanFran (k).. 1 StLSanFrpf (k). 6 Savage Arms.. 22 Schenley Distillers. 1% Schulte Retail Strs. 8 Schulte Re Strs pt. 55 Scott Paper (1.70).. A, Seaboard Air L (k). 20% Seab’d OfltDel)(t1) 31 Sears Roeb'k (75¢). 40 Sec Nat'Inv pf (32). 7% Servel Inc. 9 Sharon Steel Hoop. 3% Sharp & Dohme T Shattuck(F G)2| 513 Shell Unton Ofl 63'4 Shell Union Oil pf.. 8% Silver King C (40¢) FoanaBonauagonms ) 9% 20 45 3 7 1% 2% 11% 583 R T+ 0++0 00 +4+ _‘0» 4EEIHLE 0+ ++ Tli44 144414 20% 10 Southern Rwy of... 33% 26'% So Ry M & O cfs (4) 5% 3% Sparks-Withington. 36 32 Spencer Kellog 1.60. 9% 7Y% Sperry Corp (25¢) 115% 84 Spicer Mfg 9% 19% 129 128 Stand Brands ot [t 214 Stand Com Tobacco 4‘. Stand G&E $6 pf. 6 StandG&E$7pt 1'4 Stand Inv Corp.. 273% Stand Oil of Cal(l). 23 Stand Qil of Inad (1) 35% Stand O1l N J(11%) 12 Starrett (L S) a25¢. 58% Sterling Prod (3.80) 1% Sterling Secur (A). 3% Sterling Secur pf 6% Stewart-Warner, 21 Stone & Webster.., 2': Studebaker (new).. 115% Sun OIl pt (6) . . 11 Superheater (60¢c).. % Superior Oil. .. " Symington (k) 4 Tennessece Corp 16'; Texas Corp (1) 8% Texas Gulf Sul (2).. 3% Tex Pac Coal & Oil. 815 Tex Pac Land Trust 'hermotd Co. - 134 Thompson Prod 15 Thompson Starrett. % Tide Wat Asso Oil. . 84 Tide Wat A O pf(§) 100 Tide Wat O1l pf (5) 45 Timken-Detroit. ... 284 Fimken R B (1).. 4% Transamerica 12ucl T4 Trans & West'n Air 1% Tri-Contl Corp...... 69 Tri-Contl C pt (6).. 36 Irico Prod (2%). 4's Truax-Tra Coal 183 TwinCity RT pt 4 Und-Ell-Fisher (2). Un Carbide&C 1.60, 14% Un Oll of Cal (1) 82's Un Pacific (6). Un Pacific pf (4) ~ Un Tank Car (1.20). » United Afrcraft. ... 4i: United Air L vte 21% United Bisc (1.60). 113 United Bisc pf (7).. 46 United Carbon 2.40. 1%; United Corp 20% United Corp pf 9': Caited Drug... 3% United Elec Coal 1% United Fruit (3)... 4 United Gas Imp (1) 87 United Gas 1 pf (5). 2'a United Pce DW. 15% United Pce D W pl %W US Express ... » U S & Forn Secur. 11 U S Freight (1).... 401 US Gypsum (1).... 143 U S Gypsum pf (7). 85'a U S Ind Alcobol (2) 8'<US Leather. I‘AIJELI' IuUCl 19% U S P&F 1st pt 1.20. 3 USnkealty & Amw 9% U S Rubber..... US Smelt &1 (16). AT &K pf(33g). 's U . 7 - U S Steel pf (2).... = United Stores (A). 46 United Stores pt 1% Univ Pipe & Rad... 1 UulPwr&Lt(A) : Vadsco Sales Corp. 3% Vanadium Corp 11'¢ Van Raal 91 Van Raalte 1stpt1 Y4's Vick Chem (12.40). 2'x Va-Car Chemical. .. 18 Va-Car Chem 6% pt 85 Va-Car Chem 7% pt 63': Vulean Detin (a4). Wabash (k). Wabash pt (A) (k). Waldort Sys (nzue) Walgreen Co (1.20) Walworth Co 81; Ward Baking p Warner Bros Pic. .. Warner Bros Pic pt Warner-Quinian. .. : Warren Bros. . Warren Bros cv pf. Webster Eisenionr. + Wesson Q& S 113, Wesson Q&S pt (4) Wesi Pa Elec A (1) West Pa Elec pt (6) » West Pa klec pf (1) West Pa Pw pf (6). s West Pa Pwr pt (%) Western Lairy pt B Western Maryland. Western Md 2d pt.. Western Pacific. ... ' Western Pacific pt. Western Union. ... Westingh'se AB 60c Westingh'se Elec. . Weston Elec A (2). 46's Wheel Stl pt (j50c) 6% White Motor. . 13'; White Rk M S 1 34 Wilcox Rich A(21) S Wilson & Coalzlee 8 Wilson & Co pt (). 1 Woolworth (2.40).. = Worth Pump pt A, 5!s Wright Aero...... —_— 4% 23 Yellow Truck 21 15 Young Sp& W t1%. 2’ 13 Youngstown S&T.. — 3 Zonite Products n"u 154 2 3% 3y » Declines Small and Other Groups Manage to Keep Steady Tone. | By the Associated Press. NEW YORK, April 8 —Alter early ‘t'c 9. % | — % » | firmness, some selling of the rails ap- | peared in today's stock market when 'lhe Supreme Court adjourned without " | handing down a decision on the car= rier pension law. Transportation is- sues were not too heavy, however, and | most other sections of the list main- | tained a steady tone in the final hour, Shares of Amerada, Johns-Manville, | Chrysler, Du Pont and Consoiidated Gas held gains of fractions to around a point. Santa Fe and U. S. Smelting 4, | yielded about a point each, while small 3%-n Sales of Stocks om the New York Exchange. 11:00 A.M, 170,000 1 1:00 P.M. 540,000 ¥ Noon 0 P.M 300,000 Divicend rates « 590,000 declines were registered by U. 8. Steel, | General Motors, Delaware & Hudson, N. Y. Central and North American, Many issues were about unchanged. Transfers approximated 730,000 shares, An encouraging note was sounded | by General Motors, which reported its March sales of cars and trucks to consumers in the United States | otaled 126,691 units against 77,297 in February, and 98.174 in March | last year. Total sales to dealers in the United States and Canada, plus shipments, amounted to 169.302 units compared with 21,146 in February, and 153,250 in March, 1934. March sales in all classifica~ tions were the highest for any month since 1929 Followers of the rails were pleased by the I. C. C. approval of the ex- tension of a New York Central loan by the R. F. C. and the granting of a new loan to the Baltimore & Ohio. Little surprise was expressed, however, as the action had been gen- erally expected in the financial dis- trict The board rooms on the power stocks in the belief that they will not fare as badly in Congress as had been feared. The coppers w also being watched for signs they will reflect prospects of mu better business if Eumpean countries carry out their plans panding armaments. kept their eves MONEY MARKET. 8 # —Call 1l day 60 days to 6 mon| money per cent METAL MARKET ENTERPRISE SERIAL BUILDING ASSOCIATION 7th St. and Ind. Ave. N.W. LOANS Made on Improved District of Columbia Real Estate Security 74th Series of stock now open for subscription FIRST MORTGAGE MONEY To Loanon D.C. and Nearby Mary- land Real Estate Prompt attention givenito Bl applications to SHANNON & LUCHS 1505 H St. Nat. 2345 = 54 RG P E JOPG S PO e payments of an aggregate amount of $400,000. As announced in The Sun- day Star the Northeast Savings Bank will start the payment of a 10 per cent dividend next Wednesday at Eighth and H streets northeast, the bank’s old home, which is now the Northeast branch of the Hamilton National. The bank will pay out $107,- 010.18. The Washington Savings Bank will #lso begin a 10 per cent payment to former depositors on the same date, this disbursement to be made in the old District National Bank at 1406 G street northwest. The coming pay- ment will total $35,569.21. This bank has already paid back 70 per cent of the amount due, thus boosting the to- tal to 80 per cent. The Potomac Savings Bank will pay 321 per cent, but the distribution will mot come until some time in May, Re- ceiver Hamilton states. The total amount will be $261,395.84. Any de- positors in the three banks who have not proved their claims are urged to €lo so at once. Boom on D. C. Stock Exchange. Trading was the heaviest in many months on the Washington Stock Ex- change today. The bond demand was Jed by Capital Traction 5s, selling at 99%, and by Washington Gas 6s, series B. which moved at 103%. ‘Washington Railway & Electric pre- ferred stock figured in 11 sales at 2iven in the above table are the annua: 1, Skelly Of1 the iatest Tuarteriy or hall-yeariy 60 Skelly Oil pf ww. g less than 100 shares. Tartly extra 2 2 K 0 Paid last year—no regu. 24 Sloss-Sheffield pf | et reguia: rate. 15% Snider Packing. . E 67 Al Jn cash or stook 11 Socony-Vac (60¢).. &ividenas 10% South Cal Ed 1%).. % City Stores (k % City Stores ctfs 4 City Stores A (k)... 31 City Stores A ct (k) 161% Coca-Cola (8).....e 55% Coca-Cola (A) )(3). 1614 Colgate-P-P (50¢).. %; 101 Colg-P-P pf (6) . 5% 9 Collins & Alkman % Colo Fuel & tron(k) 10% Colo & South.. . 7 Colo & Sou 1st pf 33, Col Gas & Elec. 35% Col G& Epf A 31 ColG&EpfB (b 34% Colum Pie vte (m1 67 Columb Carbon (4). 391 Comecl Credit (2)... % 29 Comcl Cred pf (1%) % 109% Comcl C 1st pf(635) 56% Comecl Inv Tr t2%. 17% Comel Solv (t85¢).. % Comw & Southn. 29% Comw & Sou pt (3). 27 Congoleum-N(1 §0) 44 Conn Ry&Ltpf ¢%. 7 Consol Cigal 71 Con Cprpf 43 Consol Film. 15% Consol Gas N 724 Consol Gas pf 15).. 62 Consol Oil (h42¢)... % Consol Textile. ...« 9% Container Corp (A). 3% Container Corp (B). 4%, Contl Baking (A)... % Contl Baking (B). 62% Contl Can (2.40). 15% Cont O(Del)a12 62 Corn Prod Ref (3 149 Corn Prod pf (1) 29% Island Creek C @) cash payments based on declarations 4% % 4% 4% +1 193 198 -34% B56% 56% + % 17 1T+ % 103% 103% 104 10% 1% B 11% 6% 59% 53 5 iriug '‘ayable In 1 Plus $1 1n special prelerrea in stoek a Falg this year. 3 Accui 1 Eompanes Teporita Y rezcivetitin or‘seing rect: | : 0 X Ex-cidivena R iminek lvbm e 57% 38% Johns-Manville.... 73 50 Jones&Laugh 7%Dpf. 8% 3% Kans City Southern 13% 6% Kans City South pf. 19 15% Kayser(J)& Co 60e. 2% % Kelly-Spring T (k). 1 Kel 12% 10 ganized m P} | in"stock Mortgage Money For NSTRUCTION LOANS and ON IMPROVED TIAL PROPERTY District of Columbia 5%2% Prompt action B. F. SAUL CO. 925 15th Sr. Natl. 2100 16.80a18.50 hundred | seed, 155001850 nundreqweisnt. - FEDERAL LAND BANK REFUNDING OFFERED By the Associated Press. NEW YORK, April 8—A refunding issue of $162,000,000 Federal Land Bank Consolidated Bonds is being | offered today by a Nation-wide bank- | ‘mg syndicate acting for the 12 land bank.s under the direction of Chnrles R. Dunn, fiscal agent. The issue consists of 10-20 year cnmohdnted 3% per cent bonds, dated May 1, 1935, due May 1, 1955, and not | callable before May 1, 1945. At the offering price of 100% and interest, the bonds will yield about ' 3.16 per cent to the first redeemable | date. They are exempt from Federal, \Stnze, municipal and loul taxation. /INSURANCE MEN WIN TRIPS TO CONVENTION Raymond L. Bland and George E. Chicago Grain 148, Kelvinator (170¢) 13% Kennecott C (80¢) 10 Kimberly-Clark.. Liverpool Grain Prices. LIVERPOOL. April 8 (#.—Wheat fu- By the Associated Press. | tures clozed easy L co CHICAGO, April 8.—A stampede |, . . clg to buy corn resulted in a maximum | July 1 | s rise of 3% cents a bushel today. | " Exchange. 483! 1 Meagerness of corn receipts and | rapid dwindling of stocks made spec- | ulators nervous. The corn market was in an oversold condition and stop- } loss orders to buy accelerated the ad- | vance, which afterward was modined< owing to profit taking. Corn closed unsettled, 17-2% over Saturday’s finish; May, 86%-%; wheat, 7%-1% up; May, 95%-%; oats, %-% advanced, and provisions vary- ing from 2 cents decline to a rise of 5 cents. LOA RESID 19% Laclede Gas pf. in the Lambert Co (3). 8% Lee Rub&Tire (50c. 10% Leh Port Cement. .. 1% Lehigh Valley Conl. Baltimore Quotations, BALTIMORE. April 8 (#.—(Close), wheat, No. 2. red Vinter, rarlicky, spot, domestic, 05 Auul. 95%. —_— | MARYLAND TO OFFER $5,500,000 OF ISSUE| sn:cm\ Dispatch to The Star. BALTIMORE, April 8—The State | of Maryland this week will ofler\ $5,500,000 of its 3 per cent bonds, part | of the $8,500,000 issue recently passed | by the Legislature. The Board of Public Works will open bids on the portion of the issue | offered for sale at noon April 11. The bonds will be delivered to the successful bidder or bidders on 31 8 12% 67% Lehman Cp(12.65).. 213 Lib-O-Ford G1(1.20) 21 Life Saver (1.60). 943 Ligg & Myers (15). 93% Ligg & Myers B(15) 243 Liquid Carb (11%). 36% 311 Loew's Ine (3)..... 10815102 Loew’s Inc pf (6%4) 1% 2% 1% Long Bell Lum (A). 36% 33% Loose-Wiles (2) 21% 18% Lorillard P (13.2 135% 124 Lorillard 1:’5: [4) FEREREFEFE F P 5% 6% 1 FEF 3% | 19% 68 158 303% and 103%, the advance taking Pplace after two sales. Mergenthaler sold at 30 and Lanston Monotype at 5012 in a light turnover. VISIBLE GRAIN SUPPLY. NEW YORK, April 8 (#) —The vis- shle supply of American grain shows the following changes in bushels: Wheat decreased 2,268,000, corn de- creased 1,574,000, oats decreased 977.- 000, rye increased 129,000, barley de- greased 404,000. e TOBACCO MARKET ACTIVE. BALTIMORE, April 8 (Special).— Market for Maryland leaf tobacco 4% Coty Inec. 36% Cream of %. 23% Crown C&8 (1). 315 Crown-Zellerback . 1 CubaCo... 5 CubaRRpf. 5% Cuban-Am Sugar... 40% Cuban-Am Sugar pt 41 Cudahy Pkg (234).. 15 Curtis Publishing.. 89% Curtis Pub pf (7). 2 Curtiss Wright....: 6% Curtiss Wright (A). 7 Davega Strs (a20¢) 22% Deere & Co. . 19 Deere&Co pt (§20¢). 28% Delaware & Hudson 11 Del Lack & West,,, 65 Detroit Edison (4). 26% Diamond M (113%). continues active with sales of 334 hogsheads being reported last week. ‘With receipts of 450 hogsheads, stock 3 State tobacco warehouses increased. to 20,518 hogsheads. 34% Diamond M pf (13) 3414 Dome Mines (3)... 8% Dominion Strs(1.20) 17% Douglas Afrcraft... 1!: 183 Dresser Mfg A h1% 1m % 4T% 34 Louln&N -h @ e e e A e 82 28 McCall Corp (2).. 138 7% MecCrory Strs A (k). 45% 36% McIntyre Porcu (2). 8% 6% McKesson & Rob... 45 37 McKesson & Rob pf. 15% 81% McLellan Stores (k) 20% Mack Truck (1).... 30% Macy (R H)& Co(2) 5% Madison Sq Garden 18% Magma Copper (2). % 5 Marine Midla (405 . 23% Mathieson Alk(1%) 160 136 Mathleson A of (1) 44 35% May Dept Str (1 7% 5% MaytagCo. ... . 43" 33 Maytag pf ww 32%. 4% 41 Melville Shoe(12%) Mengel Co.i oo e s sononsel S0t - YT ITT NI P T w S Franiudon 98%: corn, old, No. 2 yellow, rye; barley, 68a1.20; timethy ‘Wheat, No. 2 red, 93%; No. 2 mixed, 90%2; new, No. 4 mixed, 84%a%; No. 2 yel- low, 89; No. 2 white, 96%; oats, No. 2| §, white, 533; sample grade, 44%; no April 15_ FOREIGN EXCHANGES. ‘W YORK. April 8 (# —Forel change irreguldri Great Britain | T dnll others in cent: clhles 18.(*. fll)-dlfhlllx lfi"‘q | cables, 6.50; Italy, Gemand, 8 20%s: cables. B30 mlndp—lelnum 16.9 gn 20 H%Hund ;,o ) 5wuumnd u.:z reece. i &ech llnvlkll l 18 Austris oy 00 ; gt Hnnkon( 1‘1 35; Mexico El" 7!“VQI’ Deso). 05 Montreal in New York, 99.62%; New ork {n Montreal, 100.97%. SAVANNAH NAVAL STORES. SAVANNAH. April 8 (®.—Turpentine firm, 47; sales, 4!!5 uulnll 535; ship- ments. 370; stock. Rosin_firm; 419, receints. um. shipments. stock, 110, D! . 4.05; F G, K_ 00, WG. 5.30; WW. 6.15. present year. Sulphur Springs, W. Va., and 13. e 123.7 in the preceding week. Harris will represent Washington at the meeting this week celebrating the | 19th anniversary of the Mutual Bene- | | it _Life Insurance Co. of New Jersey. | Bland and Harris qualified because | they were among the first 90 soliciting | agents of the company throughout the United States in new business pro- duction during the first 90 days of the | The meeting will be held at White April 12 TOBACCO INDEX RISES. NEW YORK, April 8 (#)—The Stich index of weekly average tobacco prices, based upon the 1926 average of 131 cents a pound as 100 for United States type 31, air-cured bur- ley, increased last week to 125.2 from | For Purchasing a Home or RE-FINANCING EXPIRING TRUSTS NO COMMISSION CHARGE NO RENEWALS REQUIRED Terms Arran R Rt MIMBIR BUILDING & ASSOCIATION COUNGIL of O.C. arient er111 BUILDING ASSOCIATION ” lvu::lmlw 949 NINTH STREFT,NW.