Evening Star Newspaper, April 9, 1935, Page 14

A—14 wewsnw FINANCIAL, FINANCIAL, STOCKS SWEPT UP INCLOSING HOUR Gain 1 to 2 or More Points After Steady Advance of Metal Issues. THE EVENING STAR, WASHINGTON, D. C, TUESDAY, APRIL §, 1935. SUESLSTE) TR ANSACTIONS ON THE NEW YORK STOCK EXCHANGE FORABA COUNOI 2 = .2 2:30 p.m, Bales— Hecht, Babson and Totten Will Address Group’s et A«t}\) lllh W Close. Chee. Spring Meeting. 2:30 p.m. 2:30 (o an 1938 Stock and Sales— Prev. 1035 Stock and Bales— ot STOCK AVERAGES High ' Low. Dividend Rate Add 00. High. High. Low. Dividend Rate. Add 00. High. A 6% McCrory Strs B (k) T % Seaboard Alr L (k). % Complled by the Associated Press. 365% Mcintyre Porcu (3) 26% 20% Seab’d Ofl(Del) (1) 17 26% 90% McKeesport T P (4) 40% 31 Sears Roeb'k (75e). 49% 40 Sec Nat Inv pf (J2). 9% 7% Servel Ine. 14% 9 Sharon Steel Hoom 24% 20% Shell Trading h75c. 7% 5% Shell Union OMl. ... 11 8% Silver King C (40¢) 10% 6 SimmonsCo....... 18% 13% Simms Petrol (1) 72 60 Skelly Oil pf ww... 34% 24 Sloss-Sheffield pf... 20 15% Snider Packing..... 14% 11 Socony-Vac (60c). .. lllh 107% Sol Am Inv pf(5%). 20 Sou Por RicoSug(2) 15!. 10% South Cal Ed 134).. 12% Southern Pacific. .., 7% Southern Rallway. 10 Southern Rwy pf... 5 Spalding (AG).... 5914 Spang Chalf pf (1) 3' Sparks-Withington. 7% Sperry Corp (26¢).. Prev. 1035 Stock and High. Low. Dividend Rate. 7% 44 Adams Express. 3315 28% Adams Millis (3) 11% 8 Addressograph 6% 413 Advance Rumley... 8% 6% AfMliated Prod (60c) 115% 104% Air Reduction (3).. 1% % Air-Way Elec Appl. 20% 15% Alaska Jun (11.20).x 30 15 15 60 Indust. Rails, Util Stocks. S gt iy 521 3201 255 315 520 199 256 374 500 185 221 352 584 306 353 479 566 276 266 416 185 216 348 40.6 51.4 242 349 239 169 1843 1577 61.8 20% Mack Truck (1).... 30 Macy (R H)& Co(3) 18% Magma Copper (2).. 13% Man Elevm g (k).. 10 Manhat Shirt (60c) 5% Marine Midld (40c) 1 Market St Ry 6% Marshall Fiel 23% Mathieson Alk 85% May Dept Str (1.60) 5% Maytag Co. . 83 Maytag pf ww j2% 41 Melville Shoe(t23%) Net change .. Today, 1 p.m. Previous day . et Year 1935 1935 1934 1934 1932 1929 D 125 Allted Chem (6). 12715 123% Allied Chem pf (7). 17% 12 Allis-Chalmers. 214 Amal Leather. 26'% Amal Leath pf ((§2) 4815 Amerada Corp (2).. 42 Am Ag Chem Del(2) NORTE B Ea AR 03NS WBDBDAN BY EDWARD C. STONE. Announcement reaching the finan- cllulsdismct here today regarding de- tails of the program for the Spring meeting of the Executive Council of Pt LR R ;;h ek American ¢ 21 Am Brake Sh(t85¢) 1 ankers’ Asso- 119 Am Brake Sh pf (7) 380s ciation stated 110 AmCan (t5). 11 that the chief 10 Am Car & Fo BY VICTOR EUBANK, Associated Press Pinancial Writer. NEW YORE, April 9.—After watche ! ing the metals climb during the great | er part of today's stock market ses- sion, the remainder of the list joined enthusiastically in a late recovery which replaced yesterday’s minor re- = 24'» Mesta Mach (134) 2! Miami Copper...... 915 Mid-Cont Pet(h50c) 8% Midland Steel Prod. Prev. 1935 Stock ana Bales— Low. Dividend Rate. Add 00 £peakers at the dinner meeting at August, Ga., will be President Rudolf 8. Hecht, Roger W. Bab- son, economist, and Frank M. ‘Totten of the Chase National Bank, New York. The sessions will last from g April 14 to 17. i Meetings of committees and com- missions are always of vital import- ance at the Spring gathering, which will number about 350 bankers, their wives and guests. Among the com- mittees to meet are agricultural, bank management, banking studies, bank- ruptcy, commerce and marine, eco- nomic policy, Federal legislation, finance, insurance and others. The national bank division, State bank, trust company and savings divisions | also will have important meetings of their own. The meetings of the executive coun- cil wijl be held on Tuesday, April 16, at 9:30 am. and 9 pm., and on Wed- nesday, April 17, at 9:30 am. The first order of business will be reports of the president, the Administrative Committee presented by President Hecht, Executive Manager F. N. Shepherd and the treasurer, Hal Y. Lemon, followed by reports of the de- partments: Advertising and publicity departments, Gurden Edwards; Bank- ing, journal of American Bankers' As- sociation, William R. Kuhns; legal de- partment, D, J. Needham; protective department, James E. Baum. After these will come reports of divisions and sections by the presidents, as follows: | American Institute of Banking section, | Charles F. Ellery; national bank di- vision, C. J. Lord: savings division, T. J. Caldwell; State bank division, James C. Bolton; State secretaries' section, George A. Starring, and trust division, Leon M. Little. Reports of commissions and com- mittees will be presented by the chair- men as follows: Agricultural Commis- sica, H. Lane Young; Banking Studies Committee, Tom K. Smith; Bank Management Commission, Orval W. Adams; Bankruptcy Committee, M. R. Sturtevant; Commerce and Marine Commission, Fred I. Kent: Economic Policy Commission. Leonard P. Ayres; | Export-Import Bank Advisory Com- mittee, Robert F. Maddox: Federal Legislation Committee, Ronald Ran- som; Finance Committee, Robert V. Fleming; Insurance Coramittee, W. F. Keyser; Membership Committee, E. N. Van Horne: Public Education Commis- sion, Frank M. Totton; Special Com- mittee on Section 5219, United States Revised Statutes, Charles P. Blinn, jr.; State Legislation Committee, A. T. Hibbard, and Taxation Committee, | Robertson Griswold. Field Joins Cremen Staff, John F. Cremen, general agent of | the Massnchusetts Mutual Life In- | ;: surance Co., in * Washington, to- day announced | the appointment | Robert H. former £ W as hingtonian, as assistant pro- duction manager. For the past four . years Mr. Field / has been associ- | ated with the . Litchard & Cook | agency of lhe‘ Massachusetts | 5 Mutual in Spring: field, Mass., hav ing increased his production record each year. Last year he won a Nanon-vude‘ contest for the best sales talk used | in connection with the direct mail service. In addition, he appeared | on the radio program at the ‘annual | convention. Mr. Field graduated from Westem High School in 1925. His efforts in his new position will be devoted to| training young men in life insurance | selling. The agency with which he | s now connected reports a 65 per | cent increase in business in the first quarter, this being considered definite evidence of the speedily improving business conditions in the Capital. Institute Contest Tonight. ‘The prize speaking contest of Wash- ington Chapter, American Institute of Banking, takes place this evening in the chapter room in the Bond Build- ing. ‘The honors sought are the Bank Presidents Trophy and the opportunity to represent the chapter in divisional contests from which the contestants for the national convention honors | are selected. The judges for tonight's contest will be Raymond B. Dickey. dean of the institute faculty; Thomas J. Groom, vice president and cashier of the Bank of Commerce & Savings and secretary | of the District Bankers' Association, | and Dr. Ralph D. Kennedy, assistant | professor of economics at George Washington University. The annual dinner of the Ticker Club of Washington is set for this evening at the Columbia Country Club, starting at 8 o'clock. Thomas W. Brahany, the retiring president, will be the host. The number of accep- tances to the invitations indicates a large attendance of brokers who are connected with the various Washing- ton offices of New York Stock Ex- change houses. Washington Gas Bonds Climb. ‘Washington Gas 5s, 1960, were very strong and higher on the Washington Stock Exchange today. They opened at 1151 and closed at 115';. City & Suburban Railway 5s moved at 84, up from 811; Capital ‘I‘nctlon 5s were out again today, $10,000 and $1,000 selling at 99%, unchanged from the last sale ‘The bonds closed with 99' bid and 993, asked. In the stock division Potomac Elec- tric Power 6 per cent preferred was strong at 111, while the corpora- tion’s 51, per cent preferred moved at 1151 on a small sale. Carpel Corp. stock came out on the board today for the first time in many weeks. It sold for 16'4, ex-dividend, for 15 shares. The market closed witn 100 shares of Real Estate Mortgage & Guaranty preferred selling at 314. Heard in Financial District. J Nomination of Charles R. Gay as the next president of the New York 8tock Exchange ends many lively dis- cussions in Washington brokerage of- fices over the contest. Friends of Richard Whitney are very glad he is to be on the governing board, S. Hecht. Robert H. Field. 283% 7 174 3% 157 1815 16 24 5% 6% 40% 112 12\»‘7 li‘\‘ 94 424 22% 96 1% T 67y 82 25'3 Am Car & Found Dt. 38 AmChainpf....... 66 Am Chicle lfl%) . 2215 Am Comcl Alcohol. 612 Am Crystal Sugar. . 57% Am Crystal Sug pf. 1% Am Ensaustic. ..... 2 Am & Foreign Pwr. 12 Am & For Pw pf (6) 17 Am Hide & Leath pt 30 Am Home P (2.40) 813 Am Ice Co. 41 Am Internation: 9 Am Locomot . 832 Am Locomotive pf.. 1815 Am Mch & Fv (80c) 415 Am Mach & Met ctf. 1313 Am Metals......... 1'3 Am Power & Light. 8% Am P&L $5 pf (1%) 10 Am P&L $6 pt (1%) 10'3 Am Radiator. 15% Am Rolling M 66 Am Saf Ras (1534). 4': Am Seating.... 31% Am Smelt & Ref. ... 103 Am S&R 6% pf j715. 121 Am S&M 7% pf (7). 63 Am Snuff (13%)... 12 Am Steel Foundry.. 88 Am Stl Fdry pt (2). 3313 Am Stores (12%) lB‘, Am Sum Tob (1). . 987% Am Tel & Tel (9) 723 Am Tobaceo (5)...4 T4% Am Tobacco B (5).. 129% Am Tobacco pf (6). 9 Am Type Fdrs pf(k) Tl Am Wat Wks (80c). 48 Am Wat W 1st (6).. 4's Am Woolen. 35': Am Woolen % Am Writ Paper. 3 Am Zinc & Lead 8 ' Anaconda Coppe 14 Anchor Cap (60c) 36 Archer-Dan M t1%. 97 Armour Del pt (7)., 3% Armour of Illinois. . Armour 111 pr pf (6) Asso Dry Goods. ... ' Atch To&S F (h2).. "» Atch To&S F pf (5). 1915 Atlantic Coast Line. 21% Atlantic Ref (1). 324 Atlas Powder (2) 4 Atlas Tack. 15 Auburn Auto....... 6'3 Austin Nichols. 3 Awiation Corp Del 113 Baldwin Loco (k).. 7t: Baldwin Loc pf(k). 732 Baltimore & Ohio. . 9ix Baltimore & Ohio pt 100% Bamberger pf (63%) 314 Barker Brothers. .. 574 Barnsdall Corp. . * Beatrice Cre(a50c). Beech-Nut P (13%) 117 Bendix Aviation. .. 154» Beneficial Loan 1%. 34 Best&Co(2)...... % Bethlehem Steel. Bethlehem Stl pf... 14%, Bigelow-San Corp.. 9%, Blaw-Knox .. . 61x Boeing Airpla 493, Bohn Alumé&Br (3) 90 Bon Ami (A)(15) 21 Borden Co (1.60)... 281, Borg Warner (1%). 241; Briggs Mg (2).... 231x Briggs & Strat (3). 31% Bristol-Myers 12.40 361 Bklyn-Man Tr (3). 90 Bklyn-Man T pf (6) 43 Bklyn Union Gas(5) 53 Brown Shoe (3).... 41, Brunswick-Balke, 4% Bucyrus Eri 8t Bueyrus Eri 62% Bucyrus Erle pf (2) 3% Budd (E G) Mfg 23 Budd (EG) Mfg pf 15 Budd Whe 8'. Bullard Co 3 Burns Bros pf 13% Burr Add M (60¢) 1 Bush Terminal (k). 10 Bush Tr Bldg pf ct. 11 Butte Cooper & Zine % Butterick (k) . 11% Byers (A M) 3615 California Pkg(13%) 213 Calumet & Hecla. .. 8% Can Dry G A (40c). 52 Canada Southn (3). 9% Canadian Pacific. 30% Cannon Mills (2). 4% Capital Admin (A). 45% Case (J 1) Co. 84 Case (J I)pf(4).... 36!5 Caterpiliar Trae(1) 19% Celanese Corp. .... 113 Celotex Co pf (k). 22% Cent Aguire (1%) 34 Central RROfNJ., 613 Century Rib Mills. . 385 Cerro de Pasco (2). 3% Certain-teed Prod.. 23 Certain-teed P pf. 37% Ches & Ohio ( 36 Chesap Corp ( % Chi Gt Westn (k). % Chi MiIStP&P.... % Chi Mil St P & P pf. 2% Chi & Northwestrn, 4% Chi & Northwest pf. 4% Chi Pneumatic Tool 20 Chi Pneu Tool pf. 1 ChiR1&P (k). 1% Chi R 1&P 1% pf 25%: Chickasha CO (2). 313 Childs Co 14 City Store R 4 City Stores ctfs (k) 344 City Stores A (k)... 80 Clev & Pitts (3%).. C 69% Collins & Afk of 15 Colo Fuel & Lron(k) 5 Colo Fuel & Ir pf (k) u lst pf... 3% Col Gas & Elec..... 35%Col G& D DL A (6).. 31 ColG&EpfB(5).. 34! Colum Pie vte (m1) 67 Columb Carbon (4). 3915 Comel Credit (2). 5215 Comel Credit(A) ( 56% Comel Inv Tr 12%.) 17% Comcl Solv (185¢).. % Comw & Southn.... 2914 Comw & Sou pf (3). 27 Congoleum-N(160) 23% Conn Ry & Lt (4%) 7 Consol Cigar. 71 ConCprpf ww Hfi. 43 Consol Film....... 15% Consol Film pt (32). 15% Consol Gas N Y (1). 72% Consol Gas pt (6) 114 Consol Laundrie: 615 Consol Oil (h42e. 215 Consol R R Cuba pf. 13 Consol Textile. ... 9% Contatner Corp (A). 3% Container Corp (B). % Contl Baking (B). .. 62% Contl Can (2.40).... 7 Contl Dia F (a1bc). 28% Contl Insur (t135), 15% Cont O(Del)al2%e. 41% Corn Ex BK&Tr 3). 62 Corn Prod Ref (3). 43 Coty Ine.. 35% Cream of Wht 124 Crosley Radio 231 Crown C & 8 (1). 31 Crown-Zellerback. . 14 Crucible Steel 1 CubaCo ... 5 CubaRRDf 5% Cuban-Am sunr 40% Cuban-Am Sugar 41 Cudahy Pkg (fli)-. 15 Curtis Publishing. 2 2 6 7 1] 908 17 14 1 1 16 20: 1 6 1 3 3 11 1 308 16 1 10 15 » " —re 8 U0 21 T DA 1 B 10 R e 19 e e Pyeeey 60, cmmE® 0 (X YT B0s 8 8 6 1008 15 27 x 36 408 14 60- 108 2 3 130s 3 208 130+« 10 4 20s 8 2 10 1 10 35 41 14 8 50s 108 6 15 63 4 8 2 1 1 8 2 9 19 408 ‘§NMQINNt‘C - 3% — 18% +1 1%+ % [ (0] Ly ) o FrEiEE S ) PHLI+ ++ sEEEE 28 Yir FER FE FE EFE FEFF ¥ 31 128 894 Curtis Pub pt (7).. 2 Curtiss Wright..... 61 Curtiss Wright (A). 20% 16 Cutler Hammer. . 22% Deere & Co. 19 Deere&Co pt ll!De). 23% Delaware & Hudson 11 Del Lack & W, 1% Den & R G W p! . 26's Diamond M (t13%).,. 344 Dome Min 2)... 8% Dominion Strs(1.20) 17% Douglas Afrcraft. .. 131 Dresser Mfg A h1% %6% Du Pont de N (2.60) 24% 1615 9914 8 3% Eastern Roll Mill 1247 110’5 Lastman Kod (6) 207 16% Eaton Mfg (1). 29 19 Electric Auto Litt 6la 37x Electric Boat.. .. 3 1ix KElec Pwr & Light., Ty 2'y Elec Pwr& Lt 36 pf.. 8l 3 Elec Pwr&Lt §7 pf. 5 % Elk Horn Coal (k).. 60'; 52% Endicott-John (3).. 13015 125% Endicott-John pf(7) 20'; 14 Eng PubSve $5 pf.. 5w 5 Equit UMee Bldg... 14 Tix Erte R R . 17% 8's Erie R R 1st pf. 12% 10'5 Kureka Vac C1(8| 234 16% Evans Auto (a%5c) 2413 17 Fairbanks-Mo 92 7115 Fairbanks-Mrs pf 48 Fed Lt& Tr pf (6) 3% Fed Motor Truck. Fed Water Sve (A). 16'x Fed'd D Stores (11) 281 Fid Ph F Ins(11.35) 17% Filene's Sons 1.20. 106\« Filene's S pf (6% 134 Firestone (40c). 85 Firestone pf A ( 46 First Nat Strs(23% 24 Follansbee Bros (k) 204 Food Mach (1). 974 Foster-wheeler 4% Foundation Co. . 19%, Fourtn Nat In h85e. 6% Fox Film (A) 17% Freeport-Texas (1) 15 Fuller Co prpf. 4% Fuller Co2d pf..... Gabriel Co (A). Gen Am Trans(1%) 11% Gen Asphait......, 74 Gen Baking (60¢) 5% Gen Bronze 2 GenCable. 50 Gen Cigar (17) 12715 Gen Cirar pf (7)... 2015 Gen Electrie (80e) . 11 Gen Elec spee (§0¢) 35'3 32% Gen Foods (1.80)... % Gen Gas & El (A).. 10 Gen G&E 6%cv pf A 5973 Gen Milis (3)... 116 Gen Mills pf (6) 2613 Gen Motors (1). 17% Gen Print Ink 1.20.. 250s 93'3 Gen Print Ink pf(6) 60s % Gen Realty & Utll. . 1 14% Gen Real&U pf w 1 16% Gen Refractories... 2 1614 Gen Refracctfs.... 8 12 Gillett Saf Kaz 1), 15 70'3 Gillett Saf R pf(5). 3 23% Glidden Co (11.30). 5 Glidden Co pr pf (7) 20s Gobel (Adolf)..... 8 Gold Dust (1.20)...x 3 1 Goodrich (B Fy. 10 15% Goodyear T& R. 8 707 Goodyear $7 pf (4). 1 20 Gotham Silk H pf.. 30s 1': Graham-Paige..... 7 5'4 Granby Consol. 2% Grand Union.. 17 Grand Union pf 1 18'5 Granite City Stl (1) 26 Grant (WT)(t1%) 95 Great Northern pf.. 9% Great Nor Ore (50¢) 26% Grt West Sug (2.40) 119 Grt West Sug pf(7) 508 127 40s 32 30 Hack WpfA (1%). 6l 3% Hahn Dept Stores. . 2 70% 55 Hahn Dpt Storespt 11 20 16 Harb Walker (1)... 2 864 81 HatCpfww (6%). 110s 3% 1% Hayes Boa: . 945 85 Hazel AtlasGl (5).. 132 127 Helme (G W) t11% 16 11 Hercu Mot (80c) . 81% 73% Hershey Choc 9% 5% Holland Furna 36% 307 Houd-Hersh A IJZ). 94 63 Houdallle-Hersh B. 17% 9'x Houston Oil. 3% 113 Houston Ofl (new) 521 43 Howe Sound (3) 12% 6% Hudson Motor Car. 3% % Hupp Motors. .. 10s 1% 213 33 704 554 3 914 [1l1nots Central.... 24 Indian Refinin 24, Indus Rayon (1.68). 60 Lngersoll-Rand (2). 46% Inland Steel (1).... 213 Inspiration Copper. 4 Insur Shct Md l4e.. 8% Interboro Rp Tr(k). 3 1% Intercontl Rubber. 7 41 Interlake iron 2% Int Agriculture. 161 149% Int Bus Mach (p 6% 3% Lnt-Carriers Litd 20e 33 22% Int Ce 1)..... 437% 3414 Int Harvester (60c) 142153135 Int Harvester pf(7) 2% 1% Int Hydro Elec (A). 314 2 Int Merch Marine. .. 25'% 22% Int Nick Can (60c). 1% 13 Int Paper & Pw (C). 12 4'3 Int Paper & Pw pf.. 101 9815 Int Print Ink pf (6) 4% 2% Int RysCent Am 31 29 IntSalt(13%). 464 424 Int Shoe (2 9% 12% 9 120 110 49 Jewel Tea (3).. l 57% 381 Johns-Manvill 50 Jones&Laugh 7%pf. 120- 108 5 16% 3 tate Dept Strs lallnd Creek pf (6). 30s 120% 52 44% 53 115\, 1154 Kan C P&L 1st pf 6. 3% Kans City Southern 1 6% Kans City South pf. 2 15% Kayser(J)& Co ble. 2 % Kelly-Spring T (k). 6 6% Kelly-Sp Tire 6% pf - 1 6 Kelsey-Hayes (A).. 11 3% Kelse, 14% Kelvi 13% Keni 208 9 20% 10s 113 57! (G R) Co pt 22 19% Kresge (SS)(1)... 112 106% Kresge (S S)pf(7). 69 56% Kress (8 H) (1) 28% 23% Kroger Gr&Bk 1. 24 Lambert Co (3). 6 Lane Bryant.. %1% Lee Rub&Tire (50 10% Leh Port Cement. 1% Lehigh 6% Lehigh pl.. 5 Lehigh Valley R R, 67% Lehman Cp(12.65).. 14% Lehn & Fink (13%). 21% Lib-O-Ford G1(1.20) 93% Ligg & Myers B(15) 24% Liquid Carb (+1%). 31% Loew’s [ne (3)..... 1083 102 Loew'’s lnc pf (63%) 1% 1 213 1% Long Bell Lum lA) 36% 33% Loose-Wiles (2).... 21% 18 Lorillard P ('3.20 135% 124 Lorillard P pf (1) 14% 7% Louisiana O1l pf 15% 10% Lou! . 47% 34 Louisv& Nash (3). — w MacAndrw & F (13) ~os 24% - & 00 1=t n 10 1= 30,00 80 10 1= =3 9 1=t B3 4 1 10 O " > B ll".‘ (I . ¥ 10% 1% 5 % 3% 165 4 26 37 140 1% 2% 25% % 6% 101 3% 291 43% 7 11 120% 52 43% 51 444 117% us 204 29% ll 8% 84 30 + % 13 +1 Bl + M 231 + % 9% + s 23 — 1 18 +1 6% 127 2 4% + 647a — 17 + % +1'3 3% + % 167% +4% 4% 27 +1 38% + % 40 - % 2 45 + 4% -2 29% + % 60% Midl'd Stl 1st pf(8) 58 Minn Hon R(13%). 110 105 Minn H Reg pf (6) 5% 3% Minn Moline Pow. .. 2 1 MStP&SSMpf.. Mission Cory 2% Mo Kan & Tex 6 Mo Kan & Te. 1'5 Mo Pacifis pt (n. . 10% Mohawk C M (h25e) 55 MonsantoC (1).... 21% Montgomery Ward. 57 Morrell(J)&Co 3.60. % Mother Lode 17' Motor Produc! 7% Motor Wheel... 12%4 7 Mullins Mg 59% 367 Mullins Mfg pf. 8 4% Murray Corp 19'5 11 Nasb Motol T% 4'a Nat Acme C R, 6% Nat Aviatiol 0% 22% Nat Biscuit 2). ” 146 141 Nat Biscuit pf (7).. 18% 13'; Nat Uesh Heg A 600 1T 12% Dairy Prod 1.20 4% 15 Nat Dept Store (k). 34% 17 Nat Dep 8t 1st pf(k) 29Y% 24% Nat Di 136 lzm N By 501 14% 4T 113 52 6% 4% 4 161 60% 301 66 % 28% 113 814 Nat Tea (60c).. 431, Newberry(J J) 1.60 8 4% Newport Industries 2814 1813 N Y Alrbrake 21% 12% N Y Central 13 6 NYChicago&St L. 25 9% N YCh1&StLpt. 314 ¥ 2% N ¥ N H & Hartford 14% 6 NYNH& Hart pf, 1 s N Y Rallways pt 16% 6'x N Y Shipbutidin 97 90 N Y Steam Ist (7).. 36'; 30% Noranda Mines (h2) 1% *a Norfolk South'n(k) Ls 158 Norfolk & W (110). 2 North Am Aviation. 134 s North Am Co (1)... 44 35'3 North Am Co pf (3) 724 57 North Am Ed pf (6) 94 86! North'n Central (4) 217 13's Northern Pacific. . 107 9% Ohlo O1l (h4Sc).... 4% 1’ Oliver Farm Equip. 26% 1:% Oliver FprpfA.... 15% 11'% Otis Elevator (60¢) 112 106 Otis Elev pf (6)... T% 4% Otis Steel. .. 13% Pacific G & £ (134). 19 Pacific Ltg (2.40).. 70 Pacific Tel & Tel (6) 7 Pac W’'n Ol (h40e). 3l3 Packard Motor..... 10% Pan American Pet., % Panhandle Prod&R. 21 Par-Puplix ctfs (k) 12 Park & Tilford 2% Park Utah .. s Parmelee Transport iy Pathe Exchange. .. 101 he Exchange(A) 81, Patino Mines...... 1ix Peerless Motor. 6415 Penick & Ford (3) 57% Penney (J C) (3). 214 Penn Coal & Coke.. 3 Penn Dixie Cement. 18 Penn Dixie C pf (A) 17% Penn R R (1) 17% Peoples Gas Chi. 163 Pere Marquet pr pf. 7% Petrol Corp (h50c). 12% Phelps Dodge(h75¢c) 23 Phila Co $6 pf (3).. ' Phila & Read C & I. 35% Philip Morris (1) .. 53! Phillips-Jones Cpf7 13% Phillips Petrol (1). '» Pierce-Arrow (Kk)... % Pierce Ofl. 7 Pitts Coal. 30 Pitts Coal p! 513 Pitts Screw & Bol 22'» Pitts Steel pf. . 1% Pitts United CDYD, . 2413 Pitts United C pf. 63 Plymouth Ofl (1). 614 Poor & Co (B)...... 13 Porto Ric Am Tob A %4 Porto R Am Tob B. 814 Postal Tel & Ca pf.. 1% Pressed Sti Car (k) 6% Pressed Stl C pf (k) 42% Proc & Gamb (1%). 120'3 115 Proc & Gam pf (5). 27% 20% Pub Serv N J (2.80) 7913 62% Pub Serv N J pf (5) 90% 73 Pub Sve NJ pf (). 100 85'% Pub Serv N J pf (1) 52% 41% Pullman Ine (3)... % 5% Pure Oil.. 61 49% Pure Oil pf 10% 8% Purity Bakeries (l) 10 4% R R Sec [l Ceat... 5% 4 RadloCorporation. 50 Radio Corp pf A 3% 35% Radio Corp pt (B).. 1% Radio-Keith-Or (k) 1615 Raybestos-Man (1). 2974 Reading (2) 314 Real Silk Hosiery... 20% Real Silk Hos pf... 8 Remington-Rand.. 70 Reming-Rand 2d pf 2% Reo Motor Ca: 5 9 Republic St - 28% Republic Steel pf... 28 Republic Steel pf et 512 Revere Copper 5 80 Revere Cop & Br pf 20% Reynolds Metalsl). 12% Reynolds Sp 40¢)... 4314 Reynolds Tob B (3) 217 Roan Antelope Ltd. 33% 29% Roy'l D h1.353-10c. —— 46 371 Safeway Stores(3). 2 110 104% Safeway Strs pf (6) 508 1 1127% 110 Safeway Strspf (7) 60s1 17% 10% St Joseph Ld (40c). 33 1 StLSanFran(k).. 1% Schuite Retail Strs. 20% 8 Schulte Re Strs pi 60 55 Scott Paper (1.70) Silver Advances Further to Best Mark in 7 Years By the Associated Press. NEW YORK, April 9.—Foreign bar silver for commercial use continued its steady rise of recent weeks into new high levels for the last seven years today. Following an advance in London the New York price was pushed up 3 of a cent to 63 cents an ounce. bringing it within 1% cents of the price which the United States Treasury has been paying domestic mines for newly mined metal. ‘The advance since the beginning of the year is now 8 cents an ounce. 250 TONS OF LEAD SOLD. NEW YORK, April 9 (£)—The 8t. h Wad Co. reports that 250 tons SEEEFF FREFFEES EF A% 5% 1% 32% 251 431 15% M 5 FEEFEFET 1+ ¥+ 1% S it bd b+ 284, Timken b4 34 Un Bag 172113 83% 294, 131 ® 20% United _28 11 US Fre: 583 Sterling Prod (3.80) 6% Stewart- Warner 21 Stope & W 215 Studebaker (new) 11 ®Superheater (50¢c) 1% Superior Ofl. 5 Superior Steel 3% Sweets Co of Am mington (A) (k)4 4’ Transamerica (25¢) T Trans & West'n Air 54 Transue & Williama 1% Tri-Contl Corp..... 69 Tri-Contl C pf (6).. 36 Trico Prod (2%)... 4'» Truax-Tra Coal 313 Truscon Steel. .. 18 TwinCity RTpf.. 815 Spicer Mfg. 437 Spiegel-May- . 14% Stand Brands (1).. 129 123 Stand Brands pf (7) 1% Stand Gas & Elec.,. 1% Stand G & E $4 pf... 16 6 StandG & E $7 pt.., 1% Stand Inv Corp..... 27% Stand Oil of Cal(1). 23 Stand Oil of Ind (1) 35% Stand Ofl N J(11%) 1214 Starrett (L 8) a26c. cessions with gains of 1 to 2 or more points. The trading volume picked up briskly in the last hour and trans- fers approximated 850,000 shares. The close was firm While there was little news of an | especially stimulating character, & more cheerful atmosphere seemed to pervade the board rooms. | A sharp last-minute rally in corn | at Chicago helped the grains and 4+ +H+4+1 4 Tennesses Corp.... 1614 Texas Corp (1).... 28% Texas Gulf Sul (2). 813 Tex Pac Land Trust 15' Thatcher Mfg (a25c 54 Thomp' 13% Tnompson Products 1% Thompson Starrett. 7% Tide Wat Asso Ofl.. 84 Tide Wat A O pf(6) n(JR)(50c). RB).... P4 444 1+ 14444 ++ 1'4 Ulen & Co.. 53t Und-EIll-Fisher (2). & Paper (4) 44 UnCarbide&C1.60. 14% Un Oilof Cal (1)... 82'3 Un Pacific (6). 79'; Un Pacific pf (4 207 Un Tank Car (1. 20) 97 United Afrcraft.... 4'; United Air L vte. ... 21% United Bisc (1.60).. United Bisc pf (7).. 46 United Carbon 2.40. b 3 h+% 3% 14 United Corp .o K 3 K a “orp pf (3).s 913 United Drug 4'; Unit Dyewoo: 3% United Elec Coal 71% United Fruit (3). 9% United Gas Imp (1) 87' United Gas | pf (5) 2% United Pce D W.... 15% United Pce D W pf. 1% U S Distributing. . 61> U S Distributing pf 412 U S & Forn Secur.. 1ght (1).... 40'; U S Gypsum (1) . 143 USGypsum pf (7). S Pipe & F (50c). S Reaity & Impr. 8 Rubber 8 Rubber 1st pf.. US Smelt & R (16). USSm &R pf(l‘,,l. 7'2 U'S Steel..... 73% U S Steel pf (2).... 119% U S Tobacco (t17%) 315 United Stores (A).. 46 United Stores pf... 51 Univ Leaf Tob (2). 36'z Univ Pic 1st pf » 1% Univ Pipe & Ra 12 Univ Py 1 UtllPwré& Lt (A 14 14% 13% Vanadium Corp 11% Van Raalte. . 91 Van Raalte st pt7 34! Vick Chem (12.40). -Car Va-Car Va-Car 6'1 2 Vulean 24 Warner 213 Warren 77 Warren Warren 9% + o+ 52 91 35'3 Wright T $EFes wFswr 2 ¥ a4 42 21 18 21% 13 56 46 33 4% 9 9 11:00 A.M 08% 108 12 111% 1% 13 1 1 declarations ° s Unit of trading 9% 1in stock. h Pald 25 tock e Payabl -~ k Com] 9 58% 58w —1% | fanized ,.,.‘4”’ BETHLEEM NETS 000,00 IN YEAR | 25 24 9% 58% | Grace Points to Profits Fol- lowing Big Losses in 1932 and 1933. By the Associated Press. NEWARK, N. J, April 29.—Eugene E. Grace, president of the Be!.hlehem' Steel Corporation, told stockholders to- | day at their thirtieth annual meeting that the concern, which lost $20,000,000 in 1932 and $9,000,000 in 1933, made & profit of about $550,000 in 1934. In January, 1932, he said, the cor- poration had in cash and Government lecuflus $50,279,000. In January, 1935, this figure was $50,875,000. ““We have more than maintained ” Wabash (k). 27% Walgreen Co (1 .") 1% Ward Baking (B).. Westh'se 1st pf 315 16% Westvaco Chl (40c) 144 Wheeltng Steel . 67 White Motor. - 3% Wilson & Coal23%e. 58 Wilson & Co pt (8).. 51 Woolworth (2.40).. 25's Worth Pump pf A.. 3 Zonite Products 5 3% Sales of Stocks ox the New York luh.uo .04 Dividend rates ss €iven in cash payments based on the io cash o stocl In Sock 3 De & Rad pf @ 3 945 368, Chemical. .. 3 Chem 67. 124 Chem 7% pf Detin un BRI e ™ 8 TP Bros Ple... 34 14's Warner Bros Pic pt IWOI S Warner-Quinlan... Bros. . Bros cv Fdy&P (2). WessonO &S 1t1%. Wesson O&S pf (4). West Pa Elec A (7) West Pa Elec pf (6) 397 West Pa Elec pf (1) West Pa Pw pf (6). 104's West Pa Pwr pf (7) 'z Western Dairy pf B 5'3 Western Maryland. 1% Western Pacific. ... 2% Western Pacific pf. 20% Western Union. . 18 Westingh' + 4 +1 =% +1 -2 AE 500 e Elec. . Aero. 73% Wrigley (Wir. 24 177 Yale & Towne (60¢) 2% Yellow Truck : 3413 Yellow Truck pf... Young Sp& W 13 Youngstown S&T .. Youngstwn S&T pf. -2 195 + 34 16% +1a 44% - 10y 3% 3+ 150,000 410,000 bOve table are ibe annuai usrterly or half-yeariy less than 100 snares. last year—no regular umi or' being reor- © Plus 2% A.T. & T. Reports Drop in Month’s Net NEW YORK, April 9.—Net operat- ing income of the American Telephone & Telegraph Co. in February totaled $1,187,474, compared with $1,531,894 in the same month last year. These figures cover operating ace tivity only, excluding non-operating income, such as dividends, interests and other revenues received, and non- operating charges, such as rents and interest paid. Teported o stoek IlPIll 5% b stoc cash posmon during the depression years,” Grace said. During the first quarter of this year the corporation operated at little more than 39 per cent capacity. Grace said he hoped they would be able to maintain this level of operations in the second quarter of the year, but saw no indications of increasing operations and a doubt the operations 1,!54: rye to $1,187,474 | selling up to 11.21, eased off to 11.15, cotton again improved. Bar silver | was lifted % of a cent an ounce to | 63 cents, another 7-year peak. Bonds | turned a trifle irregular. with U. S. Governments easing. Foreign ex- changes were quiet. Sterling was somewhat higher. Shares of U. S. Smelting got up more than 5 points and Cerro de Pasco and American Smeiting ad- vanced more than a point each. The rails joined the procession in the final hour Union Pacific recovered 2 points and Santa Fe, Delaware & Hudson and N. Y. Central were up fractions to more than a point. In- ternational business machines firmed and Case gained 2. Others advancing fractionally to a point or so in- cluded U. S. Steel, Bethlehem. Amer- ican Telephone. Chrysler, General Motors, American Can, Westinghouse, Columbian Carbon, Loew’s, Seaboard Oil, Standard Oil of New Jersey and Western Union. IN LONDON DEALINGS | By the Associated Press. LONDON. April 9.—The United States dollar lost !4 cent to the pound today as compared to yesterday's New York closing price of 4.8334, its final official quotation on the foreign ex- change market being 4.84 The French franc closed at 73.38 to the pound. as compared to vester- day's close of 73.25, and the Dutch Guilder closed at 7.173, as compared to vesterday's quotation of 7.1434 to the pound. PARIS, April 9 () —Three per cent rentes 77 francs 10 centimes; 4}z per cent rentes 88.40. Exchange on London. 73.37. The dollar was quoted at 15.17, By the Associated Press CHICAGO, April 9.—A sharp rally in corn prices just before the close of today’s market session caught the pit almost bare of sellers and forced shorts to cover. Buyers were attracted by statemeats pointing out that Chicago corn sup- plies are abnormally low, reviving gossip of the possibility of a squeeze when the time comes for delivery on huge speculative contracts. Wheat was bearishly influenced by forecasts of precipitation over much of the grain belt. Corn closed “s to 2's cents higher - compared with yesterday's finish, May 873;-1;, while wheat was unchanged to “x lower, May 95':-'. Oats gained 's to 3 and rye was 3 to 1 cent up. Provisions were about steady. WHEAT— Open September.. | mv ] Jaiy September * | BAR Chicago (‘nh Mariul. | Cash wheat, no sales: corn, No. 4 mixed, 85'i: No. 3 yellow, 87a88l: No. 3 white. 931,: oats, No. 2 white, buckwheat, soybeans, no | sales: barley, 68a1.20; timothy seed, 1680a18.75 hundredweight: elover seed, 15.00a18.25 hundredweight, + | Liverpool Grain Prices. | LIVERPOOL. April 9 (®.—W tures closed steady | High | May .. Ti% Jul | October Exchange. 4 8 Low Baltimore Quotations. BALTIMORE. April 8 ® —Close. Wheat. No. 2, red domestic, garlicky, spot domestic. Avril, 95. New York Cotton | By the Associated Press. | NEW YORK, April 9.—Early ad- | vances in cotton met considerable realizing today, but offerings were !absorbed on moderate reactions and | the market stiffened up on renewed trade buying and covering. July contracts, after working off from 11.21 to 11.14, were selling around 1121 at 2 o'clock, with the general market showing net gains of 3 to 7 points. Trading was moderately active and orders seemed to be pretty evenly divided with near-month liquidation absorbed by the trade while there was a scattering demand for new-erop positions. After selling at the start Liverpool was a buyer on the differences. At the end of the first half hour July was selling around 11.21 and Decem- ber, 10.93, or 4 to 6 points net higher. Demand tapered off after the close of the market abroad, and New York prices turned reactionary. July, after with the market at midday quiet within a point or two either way of yesterday's closing quotations. Liverpool Quotations. LIVERPOOL. April 9 (#.—Cotton, 11,000 bales. including &.300 American; t i ir lenfl prices 8 points higher: n American strict d -ood mid 8.8 8. mide n Tidaling A35: low middling, 00d_ordinary. 5.80: good ordi NEW YORK PRODUCE. NEW YORK. Abril 0 #.—Eg, irregular. Mixed colors. selections from fresh s!;ndlrdl and Bumr 12., B'fl strong. Cre than extra. .1 239 exlr: ( 1" scores), 38 3813 firsts (90- tnllua (90 ucnre) 38 wouldbequlullloodlnfileflnt 1sllll“lollbilll‘l.l'l first half of enChfee. 345.087, rm, LIVe Doultry steady. All freight srades unchanged.