Evening Star Newspaper, April 10, 1935, Page 18

-A—18 WOLFE WILL HEAD TRANSACTIONS TICKER CLUB HERE = flommee Has Served Year as Vice President of Brokerage Group. H BY EDWARD C. STONE. According to the report of the chairman of the Nominating Com- imittee, A. Chester Flather of G. M. P. Murphy & Co., the next pxesldent of t he Washington "Ticker Club will be Ralph M. ‘Wolfe of Macku- bin, Legg & Co., Who has been vice ‘president of the iclub during the past year. Chauncey Parker, jr., G. of the brokerage firm of A uc hincloss, Parker & Red- ipath, will be ad- ‘vanced to the vice Presldent)’ 'be succeeded by 8N dyyomas W. Brahany. nohn E. Parker of G. M. P. Murphy & as secretary-treasurer. n the board of governors with these officers will be the retiring presi- dent, Thomas W. Brahany of E. A Pierce & ‘Heath of ‘Harriman Co., and Maj. Ferry K. the Washington office of & Co. The nominations were reported last night at the club’s annual dinner given by President Brahany at the Columbia Country Club. The other members of the Nominating Committee are Karl W. Corby of W. B. Hibbs & Co, and IGeorge A. Garrett of Harriman & ‘Keech. The election will take place imext Tuesday afternoon, April 16, at '4:30 in the brokerage offices of Auchin- loss, Parker & Redpath in the Na- tional Savings & Trust Building. The annual dinner was one of the most enjoyable in the club's history. 'Several New York brokers were special guests. They reported a little better feeling over the market outlook in New York and called attention to re- cent improvement in Wall {stocks. They expressed the opinion that Charles R. Gay will make a fine president of the Stock Exchange and lauded the magnanimous manner in iwhich Richard Whitney has pledged this full support to the new admini- stration. The program was Brahany announced that the guests | icould do as much thinking as they| informal. Mr. wished to but that long speeches were barred. George H. O’Connor was at | his best in both songs and stories, | vhile Fred Fast, Willlam F. Raymond | and George H. Wilson added great | deal to the musical program. Mr. Brahany read a skit similar to those often heard at gridiron dinners, which drew great appla‘ise. 1t was his own composition. Among the members of the club present were A. H. Reeside, Ralph M. ‘Wolfe, Karl W. Corby, Ferry K. Heath, Richard P. Davis. Joseph H. Hines, John E. Parker., A. Chester Flather, Charles Carroll Schmidt, Chauncey G. Parker, jr., and Thomas | Morgan, August C. Shelton Buchanan, W. Brahany. Included among the guey John Clark, Howard Demutd, C. G. Randle, T. Baker Robinson, J. D. Sawyer, W. Lair, H. D. Auchincloss, Harold C. Patterson, George H. O’Connor, Fred East, W. F. Raymond, G. H. Wilson, H. W. Striker, Richard Hatton, Karl von Lewinski, Hoover and E. C. Stone. H, B The club is made up of partners and managers of the Washington offices of New York Stock Exchange firms. Credit Men Given Awards. At the weekly business luncheon of the Washington Association of +Credit Men, Inc, held at the Raleigh Hotel yesterday, President Louis M. Hewlett presented certificates to sev- eral students who completed this year's “coursc in business law conducted un- der the auspices of the local chapter ‘of the National Institute of Credit. “The instructor in this course was iJohn A. Reilly, local banker and at- ,torney. Students who received their {certificates were: Max Dinkin, L. S. Jullien, Inc.; !Davi¢ Bendheim, Hechinger Co.; John Hayes Knowles, Hugh Reilly Co.; Rob- jert- R. Henyon, ‘Co.; Fries, Beall & Sharp Lewis Magruder, Fries, Beall & Sharp Co., and Joseph H. Parker, Washington Association of Credit Men. The local chapter of the National Institute of Credit was chartered in 192i. Among the students have been a large number of leading Washing- ton business and financial executives. Wolfe Wins Speaking Honors. A. Stanley Wolfe, Riggs National Bank, won the public speaking con- test of Washington Chapter, American Institute of,Banking, held in the chap- ter rooms last night, with E. Wallace Schreiner. First National Bank of Alexandria, second; Thomas J. Cronin, Munsey Trust Co. third, and Frank U. Rodger, The ‘possession winner Riggs National, fourth. receives one year's of the Bank Presidents’ Trophy and will represent Washing- ton Chapter in the District semi- finals of the A. P. Giannini public- speaking contest to be held in Pitts- burgh in May. The subject was “The Bank's service to the Community” and there were eight speakers in the con- test. Hilleary G. Hoskinson, general chairman of the coming convention of the District Bankers’ Association to be held at Hot Springs, Va., on May 30, 31, June 1 and Z, has sent notices to members asking them to keep in mind these dates and make their plans to attend the sessions. ‘This is the “first gun” in building up a large attendance for the meeting. Further announcements will follow at an early date. Mr. Hoskinson says. Directors Yote Dividend. Directors of the P‘memy Storage Co. have declared a quarterly'dividend of $2 per share, according to announce- ment made today by President David B. Karrick. The disbursement will be made on April 15. Directors of the Washington Gas Light Co. have declared the yegular quarterly dividend of 90 cents per share, payable on May 1 to stock- holders of record April 15, ‘Washington Gas Light stock opened trading on the Washington Stock Ex- change today with 25 shares selling at 58%. Lanston Monotype was in good demand at 503% and 50%, later selling down to 50. in City and Suburban S5s, The only bond sale was which changed ownership at 85. Financial District Notes. ‘The Security Storage Co., which is closely affiliated” with the American Security & Trust Co., and in whose building, at 1140 Fifteenth street, the Northwest Branch of the bank is located, gave a luncheon on Saturday to the Advisory Board of Branches of the American Security & Trust Co. The luncheon was precéded by a per- sonally conducted inspection trip throughout the warehouses of the storage company, Street | were | Prev. Bllh l m 6% 8% 115‘!& 20% 31 1% 615 22 141 17% 124 140 24 634 26 404 112 133 18'« 70-, 24% 107% 84% 8685 6% 19% 14% 91, 45'% 4 12% 17% | 1075 4110 1061 6l 0% ex 1354 95 70 558 8613 3T 25% 43 111 29% 63 5% 65 15'4 34 10%: e 20% 60 42, 1% 44 11% 16% 5 83 202% 7! 32% 113% 33 3 1% 194 i &8 FINANCIAL, THE EVENING STAR, WASHINGTON, By private wire I.lrm to The 1035 Lov-. 4% Adams Express.... 84% Adams hw pt (5). 28% Adams Millis (2) 8 Addressograph.. 4% Advance Rumley. 6% AMliated Prod (60c) 104% Air Reduction (3).. % Air-Way Elec Appl. 15% Alaska Jun (11.20). Albany & Susq 10%. 2 Albany Wrap Paper % Alleg Corp (k). .... 2 Alleg pf wS40w(k). 21 Allegheny 8tl (1)... 125 Allied Chem (6). 12 Allis-Chalmers. . 14 =Alpha Port Cmt (1). 2% Amal Leather...... 26% Amal Leath pf ((j2) 4815 Amerada Corp (2) 5 Am Brake Sh(t85c) 119 Am Brake Sh pt (7) 38 Am Chainpf.. 66 Am Chicle (13%). 2% Am Colortype.....e 22% Am Comel Alcohol.: 1% Am Ensaustic. ... 2 Am & Foreign Pwr. 3% Am & For Pw 2d pf. 2% Am Hide & Leather. 17 Am Hide & Leath pt 29% Am Home P (2.40).; 313 Am Ice Co. El 28% Am Ice Copf (6)..a 4% Am International. .. 9 Am Locomotive...« 18% Am Mch & Fy (80c). 4% Am Mach & Metals. 45 Am Mach & Met ctf, 131 Am Metals. ... 13 Am Power & Light. 8% Am P&L $5 pf (1\() 10% Am P&L $6 of (1%) 10'; Am Radiator....... 1342 Am Radiator pf (7). 15% Am Rolling Mills. 41 Am Seating. .. 20 Am Shipbldg (2) 318 Am Smelt & Ref. 103 Am S&R 6% pf §715. 125 Am Snuff pf (6).... 12 Am Steel Foundry 3313 Am Stores (12%) 552 Am Sug (2)..... 1815 Am Sum Tob (1) 987 Am Tel & Tel (9)..s 7213 Am Tobacco (5). 74% Am Tobacco B (5) 23 Am Type Fdrs (k).. 9 Am Type Fdrs pf (k) 74 Am Wat Wks (sou. 47 Am Woolen. 35's Am Woolen pf... 3 Am Zinc & Lead. Anaconda Copper. Anchor Cap (60¢) ... Anchor Cap pf(6%) Archer-Dan M $13% . Armour Del pf (7).. 31 Armour of Illinois. . 56 Armour Il pr pf (6) 4 Arnold Constable. .. 7'3 Asso Dry Goods. 807x Asso D G 1st pf(j3). 48 Asso Dry G 2d pf... 35% Atch To&S F (h2). 66% Atch To&S F pf (5). 194 Atlantic Coast Line. 213 Atlantic Ref (1) 32% Atlas Powder (2)... 106% Atlas Powder pf (6) 15 Auburn Auto....... 36% Austin Nich pf A 5.. 3 Aviation Corp Del.. _—— 1'5 Baldwin Loco (k! 7:2 Baldwin Loc pf( 713 Baltimore & Ohio. ... 91% Baltimore.& Ohio pf 1003 Bamberger pf (6%) 106% Bang & Aroos pf(7) 314 Barker Brothers. .. 32! Barker Brothers pf. 5% Barnsdall Corp..... 371; Bayuk Cigar (b4). 113 Belding-Hem a50c. 11% Bendix Aviation. . .. 15% Beneficial Loan 1%, 34 Best&Co (2). 55% Bethlehem St p: 14% Bigelow-San Corp. 9% Blaw-Knox. . . 6% Boeing Airplane 49% Bohn Alum&Br (3). 90 Bon Ami (A)(15)... 21 Borden Co (1.60)... 281, Borg Warner (1%). 3% Boston & Maine. 3 241; Briggs Mfg (2). 2314 Briggs & Strat (3) 31% Bristol-Myers 12.40, 3612 Bklyn-Man Tr (3).. 43 Bklyn Union Gas(5) 58 Brown Shoe (3). 124 Brown Shoe pf (7).. 41; Brunswick-Balke, 4% Bucyrus Er{ 814 Bucyrus Erie cv pf., 62% Bucyrus Erie pf (2) 31 Budd (E G) Mfg... 23 Budd (EG) Mfgpt 8% Bullard Co.. . 3 Burns Bros pf. 13Y% Burr Add M (60c). .. 1 Bush Terminal (k). 5% Bush Term deb (k). 1 Butte Copper & Zino 11% Byers (A M) 32 Byers (A M) p! 364 California Pkg(1%) 15 Callahan Zinc. 213 Calumet & Hecla. T Campbell-Wyant. 8% Can Dry G A (40c) 50 Canada Southn (3) 9% Canadian Paeific. .. 32‘6 cap Agmln PLA (3). I Q I) Co. EA c-u A DpL8). 36% Caterpillar Trac(1). 19% Celanese Corp. . 1% Celotex Co (k) - 22% Cent Aguire (1%).+ 38% Cerro de Pasco (2) 23 Certain-teed P pf. 37% Ches & Ohio (2.80)." 36 Chesap Corp (3)... 1% Chi & East Il pf(k) % 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 ChiPneu Tool pf... 25% Chickasha CO (2).: 3% Childs Co. 31 Chrysler Corp 20 City Ice & Fuel (2). 87 Citylce & Fpf6%.. 3 City Stores (K)..... % City Stores ctfs (k) 314 City Stores A (K)... 12% Clark Equip (80c) 80 ChvbPlt'-l (8%) 161% Coca-Cola (8. 55% Coca-Cola (A) TN 16% Colgate-P-P (50¢c) 9 Collins & Alkman. . 4 10s 88 3 31 30% 3 11% 10% 10% + % 3 5% 6% 5%+ %W 8 8% 8 8 —h 5 ll“ ll‘\& lll‘/n % 13 l'l‘fi l'l l'l =34 10s 186 186 186 —10 16% 3 29 55 444 19% 57 22% 1181% 118% - % 1315 30 915 59% 76 3 % 10s 124 7119 13% 30% 10 61% e A NI DB B e i A SIS O - Snms> M :S o - 9 8n 5 FRondvmanale 2 PSS 4% 13 13 10s 83 83 2 192% 192 l 56% 56% 17% 16% 11 10% 69% Collins & Afk pf (7) 210s 6% Colonial Beacon Oil. uo; 14 Colo Fue! & fron(k) 5 Colo Fuel & Ir pf(k) 10% Colo & South. . 3% Col Gas & Elec. 35% Ccl G& B pt A (6) 341 Colum Pic vto (m1); 67 Columb Carbon (4). 39% Comcl Credit (2)... 5214 Comel Credit(A)(3) 29 Comcl Cred pf (1%) 109% Comel C 1 ~ 29% Comel 56% Comel Inv Tr t2% ., 17% Comel Solv (185¢).. % Comw & Southn 29% Comw & Sou pt (3). 27 Congoleum-N(1.60). 44 Conn Ry&Ltpf4%. 7 Consol Cigar.. 71 ConCprpfww6%. 4% Consol Film........ 15% Consol Film pt (33). 15% Consol Gas N ¥ (1). 72% Consol Gas pf (8). % Consol Textile. 9% Container Corp 3% Container corp (B). 28% Contl Insur (11.35). % Contl Motors. .....: 15% Cont O(Del)al2%ec. 62 Corn Prod Ret (3) SK kL) warBunwiEaSalan 18% 4 % 66% +a . P 94 STOCK AVERAGES Complled by the Associated Press. Indust. Net change . Today, 1 p.m. Previous day —1 528 529 50.3 58.5 56.6 495 61.4 453 175 .146.9 . 516 1934 higa 1934 low 1932 low 1929 high 1927 low .. 15 Rails. +.1 Unch. 209 258 208 25.8 188 220 399 354 276 266 21.6 15 406 242 239 1843 618 2:30 p.m, Prev. 1935 Stock and High. Low. Dividend Rate. 159 149 Corn Prod pf (7). 6% 4% Coty InG......s 35% Cream of Wht flu . 1214 Crosley Radio...... 23% Crown C& 8 (1).... 43% Crown C&S p£(2.70) 312 Crown-Zellerback. . an-Am Sugar... n-Am Sugar pf. 41 Cudahy Pkg (23%).. 15 Curtis Publishing. .. 891 Curtis Pub pt (7) Wright. Wright (A). . 22% Deere & Co... » 19 Deere&Co pf (J20¢c). 231 Delaware & Hudson 11 Del Lack & West... 1% Den& RG W pf.... 65 Detroit Edisop (4).. 34% Diamond M pf (1%) 34% Dome Mines (2)... 8'2 Dominion Strs(1.20) 17 Douglas Aircraft. .. 3 Dunhill Internatl... 86% Du Pont de N (2.60) 104 Duauesne Lt 18t (5) 8 3% Eastern Roll Mill 125'% 110'; Eastman Kod (6)... 155 141 Eastm’'n Kod pf (6) 20% 16% Eaton Mfg (1). 29 1913 Electric Auto Li: 110% 107 Elec Auto Lite pf 6 37 Electric Boat. B% 614 Elec & Mus Ind 1% Elec Pwr & Light.. 7‘1 2'; Elec Pwr&Lt §6 pf., 8% 3 Elec Pwr&Lt $7 pf. 4912 39 Elec Stor Bat (2%). 60% 52% Endicott-John (3).. 2& 14 Eng Pub Svc $5 pf.. 14 17% 23 a 103 Eureka Vac Cl( 16% Evans Auto ( 4 Fatrbanks Co pf. irbanks-Mor 7 l') Fairbanks-Mrs pt. - 5% Fed Lt & Trac...... 48 Fed Lt& Tr pf (6).. 28! Fid Ph F Ins(11.35) 13% Firestone (40c) 85 Firestone pf A (6).. 46 First Nat Strs(2%) 20% Food Mach (1)..... 97 Foster-Wheeler. 60% Foster-Wheeler nf. 4% Foundation Co..... 19% Fourth Nat In h#e. 6% Fox Film (A)... 17% Freeport-Texas (1). 4% Fuller Co 2d pf..... 1 Gabriel Co (A). 7 Gamewell Co. 5'2 Gen Am Investors. . 843, Gen Am In pf ww 6 32% Gen Am Trans(1%) 11% Gen Asphalt....... 714 Gen Baking (60¢) 19 Gen Cable pf. .. 50 Gen Cigar (17). 201 Gen Electric (§0e).. 11 Gen Elec spee (§0c). 32% Gen Foods (1.80) 1 Gen Gas & El (A) 597 Gen Mills (3) 2612 Gen Motors (1 17% Gen Print Ink 1.20.. 93% Gen Print Ink pf(6) 1'4 Gen Public Service. * Gen Realty & Util.. 16% Gen Refractories 164 Gen Refrac ctfs. 5 Gen Stl Casting pf.. Gillett Saf Raz (1)« 7012 Gillett Saf R pf(5) o 2'a Gimbel oros. .. 18 Gimbel Bros pf. 233 Glidden Co (11.30) . s Glidden Co pr pf (7) % 213 Gobel (Adolf). 18 1475 Gold Dust (1.20). 116'1 113% Gold Dust pf (6) T Goodrich (BF).... 40 Goodrich (B F) pf. 15% Goodyear T & R. 215 Gotham Silk Hos les— Add 00. High, 160 35% 38% 8% 21% E 92% 108% 108% 514 125% 154% 18% 218, 11013 43 6y 2%, 61y 5 124% 154% 181w 21 4% 6% 2% 6% 63 42 59% 18% 5 9 10% 1% 17 Hla 20 Gotham Silk H pf.. J]Ol 113 Graham-Paige. 5% Granby Consol 2% Grand Unton. 26 Grant (W T)( 9% Great Northern vr. . 9% Great Nor Ore (50c) 31% 26% Grt West Sug (2.40) 30 Hack WpfA (1%). 3% Hahn Dept Stores. . 55 Hahn Dpt Stores pf, 4 Hall W F Printing.. 16 Harb Walker (1) Hazel Atlas Gl (5).. Helme (G W) t11% Hercules Pw (13%). Hercules P pf (7).. 81% 73Y% Hershey Choc (3).., 108% 104 Hershey C pf (15).. 9% 5% Holland Furnace... 11 65 Holland & Son (50c) 36% 307 Houd-Hersh A (§2). 9% 6}: Houdallle-Hersh B, 57 49 House Finpf (3%). 17% 9% Houston Oil........ 3% 1% Houston Oil (new) . 52% 43 Howe Sound (3)...3 12% 6% Hudson Motor Car.. 3% % Hupp Motors....... 1% 2% 33 55% 3% 16% 9% I1linols Central 2l Indian Refining 24% Indus Rayon (1. 46% Inland Steel (1). 23, Inspiration Copper. 8% Interboro Rp Tr(k). 3 1% Intercontl Rubber. 7 4% Interlake Iron, 167% 149% Int Bus Mach (p6) .z 6% 3% Int-Carriers Ltd 200 33 22% Int Cement (1)..... 43% 34% Int Harvester (60c) 2% 1% Int Hydro Elec (A)« 3% 2% Int Merch Marine. .. 130 125 Int Nick Can pf (’I) . % Int Paper & Pw (B). 15 Int Paper & Pw (C). 43 Int Paper & Pw pf.. 21% Int Print Ink (1)... 98% Int Print Ink pt (6), 421 Int Shoe (2). 17 int Silver.. 5% Int Tel & Tel 9 Interstate Dept Strs 614 Intertype Corp..... % 57 49 Jewel Tea (3) 57% 381 Johns-Manvili 78 50 Jones&Laugh 7%pf. 8% 10% 19 34 2% 11% 10% 3% Kans City Southern. 7% Kaufm'n D S(ad0c), 15% Kayser(J)& Co 60c. 34 Keith-Albee Or pf.. % Kelly-Spring T (k) 6 Kelsey-Hayes (A 3% Kelsey-Hayes (B 18% 14% Kelvinator (170¢).. 95 84 Kendall Copf (6).. ms 13% Kennecott C (60¢).. na 106% Kresge (8 8)pf(7) il% 56% Kress (S H) (f1) 6% Lehigh Val Coal pf. 5 Lehigh Valley R B.‘ 6734 Lehman Cp($3.65: uumnnmfl%)n 21 Llflsunll l) 94Y% Ligg & Myers (15) .. 93% Ligg & Myers B(15). 107% 1094 132 3% 3% 127 "127 TT8% T7% 108% 108% 7‘- P T S 3 129 5% % 6% 24 23% 208 101% 101 2 44% 20% % 1 % 52 3129 kg % 6% 24% ‘12% 24 25% 10% 18% 8 % 1% 15% 23 97% 22 ” L 9% (;«8-....-».-. 25%° 60 Util. Stocks. Unch. 38.1 381 1577 618 3% + % 38% + % 9 2% + % + W 31 92% — M 1084 5 124% 154% 181 21 110% 110% 41 6la 25 6 624 42 59% 184 1 1% 17 619 23 91 Th 60 297 144 89 47 31 © © L4441+ F P& EFEITE F +1 + ¥ [} P44 1410 FEEE S +1+ ++ EEE S N 31 127 713 10815 7 144 444+ 141 ++ +4+ 2 129 5% % 6% + % 24 + % 101% + % 44% + % 20% +2% T 11% + % % 52 43% —-1% 51% —1% - % 24% 13 +1 24 -2 25% — % 10% + % lg + % % + % % + % 15% — % 26% +1% 23 99 +2% D. ?nv 1935 19% 22 30% 38Y% 108% 102 1%e 2% 36Y 21% C., WEDNESDAY, 2 30 D.ll‘ Stock and Low 167% Lily Tulip Cup(1%) 17% Link Belt (60¢) ... 24% Liquid Carb (11%). 313% Loew’s Inc (3). w's Inc pf (! 1 Loft Ine. 1% Long Bell 33% Loose-Wiles (2)... 181 Lorillard P (12.20) 135% 124 Lorillard P pf (‘l) . 1% 4% 15% AT 18% 46 % Louisiana Oil. 7% Louisiana Ol pf. 10% Louisv GEE(A)1%. 34 Loulsv & Nash (3). 128 Ludlum Steel...... 40 MacAndrw & ¥ (13) 120 113 MacAnd & F pf (6). _5u 11 6% M‘: lfih 60' 301 66 28% 118, 124 136 8% 501 14% AT 11% 118% 3 2814 21% 13 25 122 S 81y £ 38l 2% T 18% uz T 46 T4 | 110 31y 51 osl" 46 12% 28 McCall Corp (2).... 7% McCrory Strs A (k). 6% McCrory 8 (k). 57% McCrory Strs pf (k) 36% Mclntyre Porcu (2). 20% Mack Truck (1).... 3015 Macy (R H)& Co(2) 5% Madison Sq Garden 18% Magma Copper (2) .. Maracaibo Oil Exp. 4% Margncha Corp. 5% Marine Mid1d (4 Dividend Rate. mao. ll:h Low. Close. 18% S 20 5 20% 57 38% 1108 18% 18% + % 20 20 29% 29% + % 37% 37% — % 108 108 M 1% 1% 1% 34 3 19% 19% 127% 127% 14 1%+ % 10% 10% = % 15% 15% — % 38 38 — 14 UY% 4% - % 45 45 118 118 30% 30% + % 16 19% 708 127% 1 1008 3% Market St Ry pr pf. 1 20 Marlin-Rockwell (2 6% Marshall Field..... 23% Mathieson Alk(13%) 357 May Dept Str (1.60): 5% Maytag Co.... 33 Maytag pf ww = 41 Melville Shoe(123%) 3 Mengel Co. . 20% Mengel Copf....... 24'% Mesta Mach (1%) 27 M-G-M Pic pf (1.89) 2% Miami Copper 914 Mid-Cont Pet(h50c) 81, Midland Steel Prod. 604 Midl'd Stl 1st pf(8) 58 Minn Hon R(13%). 110 105 Minn H Reg pf (6). 37 Minn Moline Pow. .. 10% Mission Corp. 25, Mo Kan & Texas 6 Mo Kan & Texas p: 14 Mo Pacific (k) 10% Mohawk C M ( 55 MonsantoC (1)... 21% Montgomery Ward. 5674 Morrell (J)&Co 3.60. 174 Motor Products T Motor Wheel. 7 Mullins Mtg. 367 Mullins Mfg pf. 13% Munsingwear Inc 4% Murray Corp. 11 Nash Motors (1) 413 Nat Acme Co. .. Nat Biscuit 3'3 Nat Cash Reg A Wo "w Nat Datry Prod 1.20 at Dept Store (k). Dep St 1st pf(k) at Distillers (2).. at En & Stpg (h1). at Lead pf (A)(T) ut Lead pt (B)(6). Nat Pwr & Lt (80c) 40% Nat Steel (11%) 9 Nat Supply Co. 36 Nat Supply pf 8% Nat Tea (60¢).. 109 Newberry(JJ L) 4%, Newport Industries 18' N Y Airbrake. 1254 NYCentral RR.... 6 NYChicago& St L. 9% N YChi &St L pf.. 112 NY & Harlem (6).. % N Y Investors (K).. s N Y N H & Hartford N H & Hart pf. Ontario & West Railways pf... Y Shipbuilding. . N Y Steam 1st (7).. 155 Norfolk & W (110). 2 North Am Aviation. 9 North AmCo(1)... 3513 North Am Co pf (3). 13% Northern Pacific. .- 357 Norihwest Tel (3). 1% Nor walk Tire&Rub. lll‘ ¥ X L ————————— 17 Oliver Farm Equip. 15% Oliver F prpf A.... 3% Omnibus COrp. .. .. 4% Oppenheim Collins.. 11’y Otis Elevator (60c). 106 Otis Elev pf (6).... 4% Otis Steel.... 22% Otis Steel pr pf. 38 Outlet Co (2). 80 Owens-1l Gla: 13 PacificG& E (1%). 19 Pacific Ltg (2.49).. 125, Pacific Mills (h50c) 70 Pacific Tel & Tel (6) 7 Pac W'n Oil (h40¢). 313 Packard Motor..... % Panhandle Prod&R. 6!: Panhandle P & R pf 21 Par-Publix ctfs (k) 21 Park Utab. ,....... s Parmelee Transport 10! Pathe Exchange(A) 8% Patino Mines. f 114 Peerless Motor. 6415 Penick & Ford ( 57% Penney (J C) (2) 107% Penney (J C) pf (¢) 214 Penn Coal & Coke. . 3 Penn Dixie Cement. 18 Penn Dixie C pf (A) 17% Penn RR (1)...... 30 Peoples Drug S (1). 17% Peoples Gas Chi.... 78, Petrol Corp (h50e) . 12% Phelps Dodge(h76¢) 1% Phila& Read C& 1. 35% Philip Morris (1)... 53% Phillips-Jones Cpf7 13% Phillips Petrol (1). 3 Phoenix Hosiery... 14 Pierce-Arrow (K)... 31, Pillsbury Flour 1.60 51; Pitts Screw & Bol 241; Pitts United Cpf... 6% Plymouth Oil (1)... % Porto R Am Tob B.. 814 Postal Tel & Ca pf.. 1% Pressed Stl Car (k). 6%, Pressed St1C pf (k) 42% Proc & Gamb (13%). 20% Pub Serv N J (2.30) 73 Pub Sve NJ pf (6). 41% Pullman Inc (3) 57 Pure Oil.... 49% Pure Oil pf. 8% Purity Bak 4 Radio Corporation.. 50 Radio Corp pt A 3% 35% Radio Corp pf (B).. 1% Radlo-Keith-Or (k). 16% Raybestos-Man (1). 314 Real Silk Hoslery. = 8 Remington-Rand... 71% Remington-R 1st pf 70 Reming-Rand 2d ot 28% Republic Ste 75 Revere Cop & Br pf. 20% Reynolds Me! 431 Reynolds Tob B (3) 374 Sateway Stores(3).. 110 Safeway Strspf (7). Holland Increases Bank Rate In Fight for Gold By the Associated Press. AMSTERDAM, April 10.—The Netherlands, making determined fight to keep on the gold standard, boosted its bank discount the ain 143 IR Lt ++110 4+ll+’|+l +1 10+ + 108 3 308 1 13 & e R R e +++ +1 01+ 53 40% 1% 17% = W 3% + % 8% 82% +1 72 3 11% — % 35 - % 75 204 - % 45% + % -% ll)l lllh 11161: 111% 46% 45% ing nervousness. Netherlands, rate today for the second time in six days, in an effort to check speculative attacks on the guilder. The rate was increased from 3% per cent to 4% per cent. The recent devaluation of Belgium’s currency has caused general uneasi- ness among eontinental depositors and the increase in the discount rate is to make it attractive to leave gold in the Netherlands. Financial 98 . +1 ' quarters, however, fear it will have Prev. ;935 Chgs. | High. 17% 2 2% 9% 284% 40% 79% 19% 4% 5% 16 1% 32%, 115% 26% 43% 15% LI % 5 3 121 16% 130'1 5 652 24 2 1% 21% Tie 31 17 63 13, 4% 9% A% 21 21% 4% % in divident Guilder Rate Weakens. LONDON, April 10 (#).—Quiet ef- forts by Dutch bankers to maintain APRIL 10, 1935. ON THE-NEW YORK STOCK EXCHANGESI[][}KSlMPR[]V[ Stock and Low. Dividend 10% St Joseph La (40c) . St L San Fran (k Bl 20% Seab'd Oil(Del) (11 31 Sears Roeb'k (75¢). 40 Sec Nat Inv pf (J2).. 7% Servel Inc......... 9 Sharon Steel Hoop.: 7% Shattuck(F G)25¢.. 5% Shell Union Ofl. ... 8% Silver King C (40c). 6 SimmonsCo....... 13% Simms Petrol (1)... 13 Sloss-Sheflield. 24 Sloss-Sheffield pf. 15% Snider Packing 11 Socony-Vac (600)... 20 Sou Por RicoSug(2) 10% South Cal Ed 1%).. 12% Southern Pacific. .. 7% Southern Rallway.. 10 Southern Rwy pf... 591 Spang Chalf pt (j1). 3% Sparks- Withington, 32 Spencer Kellog 1.60. % Sperry Corp (26¢) .. 815 Spicer Mfg. 33% Spicer Mg p: \437% Splegel-May-Stern., 14% Stand Brands (1)... 130 123 Stand Brands pf (7) 30s 1% Stand Gas & Elec... 1% Stand G& K 34 pf. o 6 StandG&ESTDL.a 1% Stand Inv Corp....; 27% Stand Oil of Cal(1) « 111 Stand Oil Exp pt(5) 23 Stand Oil of Ind (1) 35% Stand Ol NJ(11%). 12'4 Starrett (L 8) a25c. 58% Sterling Prod (3.80) 1% Sterling Secur (. 314 Sterling Secur pf. .. 36 Sterling Secur cv pt 65 Stewart-Warner...; 21% Stone & Webster... 2% Studebaker (new)., 115% Sun O1l Pt (6). ..... 11 Superheater (50c).. 1% Superior Oil. 5 Superior Steel. 1% Symington (A) (k). 4 Tennesses Corp 161 Texas Corp (1) 8% Texas Gulf Sul - 3% Tex Pac Coal & O1l. 85 Tex Pac Land Trust 15% Thatcher Mfg (a2bc 5% The Fair. .. 2% Thermoid Co. 16 Third Nat Inv h8 13% Thompson Products 1% Thompson Starrett. T5% Tide Wat Asso Oil.. 84 Tide Wat A O pf (i 45, Timken-Detroit. 28% limken R B (1) 47 Transamerica (25¢) T% Trans & West'n Air 5% Transue & Willlams 17 Tr1-Contl COTp..... 69 Tri-Contl C pf (6).. s 86 Trico Prod (2%)... 4% Truax-Tra Coal 18 Twin City R T pf. 1% Ulen & Co. 53% Und-Ell-F' 34 Un Bag & Paper u) 44 UnCarbide&C 1.60.. 14% Un Oil of Cal (1) 8214 Un Pacific (6) 79% Un Pacific pf (4) 20% Un Tank Car (1. 20). 9% United Afreraft.... 4’; United Air L vte. % 21% Unitéd Bisc (1.60).. 46 United Carbon 2.40. 1'3 United Corp 20% United Corp p 93 Cnited Drug. 4?; Unit Dyewood. 65 Unit Dyewood pf(7 ) 3% United Elec Coal... 71% United Fruit (3)... 9% United Gas Imp (1) 87'; United Gas 1 pt (5). 2% United PceDW.... 15% United Pce D W pf. 11 U SFreight (1).... 40% U S Gypsum (1). 5 USHoffman.. 354 U SInd A.leohol (1) . 3% U S Leather........ 7% U S Leather (A)... 53 U S Leather prpf... 14% U S Pipe & F (50c). 19% U S P&F 1st pf 1.20., 3 U S Realty & Impr.. 9% U S Rubber........ 24'3 U S Rubber 1st pf.. 95 US Smelt& R (16). 627 U'S Sm &R pL(33%). 119h U'S Tobacco (17%). 335 United Stores (A).. 46 United Stores pf... 1% Univ Pipe & Rad... 19% 12 Univ Pipe & Rad pf. 460s 1 UtilPwr&Lt(A).. 13 Vadsco Sales Corp.. 13% Vanadium Corp.... 91 Van Raaltelstpf?7. 34% Vick Chem (12.40). 2% Va-Car Chemical... 18 Va-Car Chem 6% pf 7213 Va El1 & Pwr pf (6). 6312 Vulcan Detin (a4) 41x Waldorf Sys (h20c) 27% Walgreen Co (1.20). 114 Walgreen pf (6%).. 5 Ward Baking (A).. 1% Ward Baking (B)... 2\ Warner Bros Pie... 14! Warner Bros Pic pt 21 Warren Bros......: 3015 Wesson O & S t1% . 72 Wesson O&S pf (4). 34 West PaElecA (7). 36 West Pa Elec pt (6) 513 Western Maryland. Tl Western Md 2d pf... 2% Western Pacific pf., 20% Western Union..... 18 Westingh'se AB 500 32% Westingh'se Elec. . 90 Westh'se 1st pf3% 16% Westvaco Chl (40c) 6% White Motor....... 1313 White R’k M S 1.40. 1% White Sewing Mch. 3% Wilson & Coal2}e 58 Wilson & Co pt (6) 51 Woolworth (2.40)... 11% Worthington Pump 25% Worth Pump pf A.. 20 Worth Pump pfB.. 3% Wrigley(Wjr)t3%. 2% Yellow Truck...... 18 YoungSp& W t1%. 13 Youngstown S&T..; 3 Zonite Products. 240,000 560,000 uuu lus limln l&“‘% The wltk: 33 sresor: customs’ | g ‘i“fi:algnoo 49. 3 Rate. Add 00. High. flnlm‘ !%Wamk L fllu 3% in uoek H’ little effect in alleviating the prevail- receipts for the month, sv, ceipts for the’ fllul nn (since July 1), 2“554 056,051 R tincluding o iy YORK. electrolytic, ‘spot and future. FINANCIAL., lu— Net. Low. Close. Cnge. 14% 4% - W 1% 1% + % 1% 1% + W 9% 9% — % 25 25% + % 2%+ % 1 1 2 2% % 26Y% 35% 42 10% ~ % 2 1 % 119 ¥ 14 40 49 + % -5 s - % T + % 30 6 54 % $ 127% 127% 3% 3 3% 10 10 1% 1% 31 31% 115 115 24% 40% 14 64 1% 4 2 3% b5 Locmmown o 141 21 13 37 8 130l 8 20% + 4% + 11 — 288, — 103': 103 67 + 129'y l30 +1 T 49% <24 185 + 1 16% — % 13 1% - % 1 14 1008 4 1 1 808 20s B 143 -1 95+ X 4% 2 116 1% 3w 1913 43, 33 64, 621, 561 In — 3 — 1 199 = 1y 45 327 — 4§ 6% + % 5215 +214 5615 + 6415 — 1074 + % - 2 1708 10s 64% 64 107% 107 ) 8 1 1 3% 3 13 7 1 58 108 2 4 3 1 54 1 25 3 208 1 2 14 2 8 31% 5% 2% 19% 15% 1 3% Sales of Stocks on the New York Exchange. 11:00 A.M. . 1:00 P.M. . Dividend rates as iven in the cash umenu based on & Ot ot tading less than 100 stock. Pald fans Jearecna, yo.ooo above table are the annual Juarterly or hlll-nlfl! soaes tPartly exura. tPius fi s1 in e wiull nulerna teor- U. S. TREASURY POSITION. By the Assoclated Press. n of the Treasury on April 8 ts, 339,222.058; expenditu lance, $2,460.87; res; 35,206,800, s).mjs.xm. W71 of emer- ures): excess of ex) re: goid assets, 35,599,,"41.‘1 e METAL MARKET. April 10 (P.—Cop) e steady; spot and nearby. 00. ' Iron quiet. UTILITY BONDS CALLED. NEW YORK, April 10 (#).—The New York Stock Exchange has received no- tice of the call for redemption of Pacific Public Service Co. 5 per cent gold notes due in 1936 at 100)2 and accrued interest. The redemption will be made on May 15, 4 | higher. LATE IN SESSION Gains in Rails and Oils Help Market After Irreg- ular Trend, BY VICTOR EUBANK, Associated Press Financisl Writer. NEW YORK, April 10.—Improve~ ment in rails and ofl shares gave ihe stock market a steadier tone in late dealings today after profit taking had 7 7| unsettled the entire list in early deal- gs. At the beginning of the final hour leaders showing advances of minor fractions to around a point included Union Pacific, American Smelting, Standard of New Jersey, Delaware & Hudson and American Tobacco. Amerada Corp. and International Business Machines were about 2 American Telephone and Du Pont were among others dragging. The late tone was fairly steady. Sales aggregated 900,000 shares. Metal stocks, star performers in the previous session, apparently ignared two extremely important factors at the start. President Roosevelt stated in Washington that if sfl- ver advanced above the 64!, cents an ounce now paid by the Government. those who mined it would receive more. Shortly after this announcement the price of foreign bar silver for domestic use was ad- vanced 1ls cents an ounce in New York to 645 cents, or within 33 of a cent an ounce of the present Gov- ernment figure. United States Smelt- ing was again the most active issue and extended early fractional losses o around a point by midday. Cerro de Pasco, Howe Sound and Americen Smelting were about even The increase of around 85,000 tons {in shipments of United States Stecl Corp. in March were about in line with expectations and failed to root this group out of its narrow groove. United States Steel and Bethlehem each were a shade lower, Other industrials dip- ping included Du Pont, J. I. Case, Gen- eral Electric and Westinghouse, New York Cotton By the Associated Press. NEW YORK. April 10.—An early advance of about 5 to 12 points was checked by realizing or liquidation in cotton here today and prices reacted in the later trading. After selling up to 11.42, or about 60 points above the recent low level, July was ruling around 11.29 in the mid- afternoon market, with the general list showing net losses of 2 to 6 points. Cottonseed Oil. Bleachable cottonseed oil futures closed firm. May, 10.65b; July, 10.85b; September, 10.88-89; October, 10.67b, Sales—111 contracts. b—Bid. Liverpool Quoetatie: LIVERPOOL. April 10 12 .—Cotton, 1.000 bales: American nil. Spot in fair demand: prices $ points higher. Quota- tions in’ pence: American strict g0od mid- dling, ©.14: Sood middling_ 684 strict midding, 654 etriel Tow trict closed "quiet. May Oetover. 1i.00- Decemlur 5.06; Janu: v, S0 Mareh, 53 NEW YORK BAR SILVE& NEW YORK, April 10 (#).—Bar sil- Yer strong. 11 higher at $4%. MASSACHUSETTS INVESTORS’ TRUST Prospectus Will be Sent on Reguess A. S. Govrpes & Co., INc. Woodward Blds. Natl. 2000 Appraisals, Statistical Service and Quotations furnished without obligation. All Real Estate Mortgage - Bond Issues C. B. Pennebaker Company, Ine. Southern Bldg. ‘Washington, D. C. National 2335 tional 2313 “Dealers in_ Unlisted Securities, Specializing 1n Real Estate Mortgage Bonds™ LOANS ON HOMES Monthly Payments as Low as 7.50 - *1,000 No Commissions No Renewals COLUMBIA BUILDING ASSOCIATION 716 11th St. N.W. Member Federal Home Loan Bank System $250,000 WASHINGTON SUBURBAN SANITARY DISTRICT MARYLAND Four_and One-Half Per Cent Bonds: \Guaranteed by Two Counties) SEALED BIDS for the purchase o1 Series “GG" of the Washington Suburbin Sanitary District Bonds. ssued under the authority of Chapter the Acts the General Assembly Maryiand of 1918, and Amendments thereto, sum of $250.000 bearing 4%2% payable semi-annually and dated April 1. 1935, maturing in fifty years. redeemable in thirty vears. will be received by the Washington Suburban Sanitary Commis- sion at its office in the Tower Building, Washington. D. C.. on or before 3 o'clock pm.on Wednesdy. AP JFhich, tme They witl be nnblh:ly opened nd resd. Proposals should be ina u.xee gnvelope and marked “Bid"on Bonds,” and flled at the office of the Commission before The e Sbove mene ot bonds carry all the and are guaranteed uncond both principal and interest by Momtgomery and Prince George’s Counties by endorse- ment on esch bond poroving opinion of Massiich snd itchell, attori of New York City. il be be furnished to the purchaser Without 5 A icati has bee: - g i e ent b e b the -wrnul of these bonds. ified check (nr $2,500 must ac- bid. mmission reserves the right to "”“u ¥ on ruuzln and bids submitted information erein, WASHINGTON _ SUB!I !A.NITAII onugfi'n‘." B must °n eontum irman Emory H. > 3. Donald_Clagett, Commi lvlfl 804 Tower Building. g 14th and K 8 W.