Evening Star Newspaper, April 24, 1935, Page 18

A—1I8 ¥¥» F.D.1.C. MEMBER DEPOSITS MOUNT Total at $38,996,340,000, or $3,182,746,000 Above June, 1934, Level. BY EDWARD C. STONE. Deposits of member banks of the Federal Deposit Insurance Corp., ex- clusive of mutual savings banks, totaled $38,996.340,000 on December 31, 1934, according to a condition re- port on insured banks brought out today by the Federal Deposit Insur- ance Corp. This was an increase of $3,182,746.000 over the total for the June 30, 1934, report. Loans and discounts of the F. D. I. C. member banks declined $585, 524,000 from June 30 to December 31, the report adds. Investments in Gov- ernment obligations increased in the six-months period by $1.411,394,000 from $10,301,500,000 to $11,712,894,000. The report gives complete figures for the 22 banks in Washington, show- ing that total deposits in the banks here on that date amounted to $256,- $54,000. On the same date the banks here had total loans and discounts of $84,365,000. The total assets of Washington banks on December 31, 1934, amount- ed to $300,424,000. On the same date total demand deposits amount- ed to $137,760,000 and time deposits totaled $96.700.000. ‘While this report was being com- piled, the controller’s office issued the call of March 5 which revealed a sweeping gain in deposits here and much the same conditions all over the country. The December review by the F. D. 1. C. covers all the figures by States and the District of Colum- bia separately and is most complete. Southern Reports on Holdings. Milbank & Co. heads the list of 20 largest Southern Railway sharehold- ers in 1933, according to the annual report filed with the Interstate Com- merce Commission. The firm owned 76.500 shares of common stock and 2,400 of preferred. President Fairfax Harrison received $50,000 as his an- nual salary and Vice President E. E. Norris was paid $30.000, the report says. The road contributed $16,113 to the support of Co-ordinator East- man’s office. The Interstate Commerce Commis- sion has approved issuance by the Boston & Albany R. R. of $9.000,000 in first mortgage 4': per cent bonds to be guaranteed by the New York Central, to be sold at not less than 963, to the public. with 2 per cent for commissions and selling expenses. The Erie Railroad has asked the I. C. C. for approval of an issuance of $1,000,000 of 4 per cent serial col- lateral notes to secure an advance from the P. W. A. of that amount to be used in the purchase of rails and track materials. The State of Maryland Roads Com- mission has awarded to Edward B. Smith & Co., Alexander Brown & Sons and two other firms on a joint bid $1.236.000 3 per cent road bonds, due 1936-1942, on their bid of 100.82. ‘Transfer Firm Names Directors. At the last meeting of the board of Smith's Transfer & Storage Co., 1313 U street northwest, these officers and directors were elected for the coming Yyear: Clarendon Smith, president and treasurer; Arthur Clarendon Smith, vice president and secretary: Mrs. George Burchfield, director and assist- ant cashier; Mrs. Buell Miller, director; Mrs. Arthur Clarendon Smith, director; John Gaszner, sales manager, and M. C. Richardson, traffic manager. A statement of the business condi- tions showed that while the moving »nd storage department had a decrease, the crating, rug storage and cleaning, fur storage, fumigating and long-dis- tance departments showed an increase. The financial set-up was reported as the best in the history of the com- pany. The year, 1934, ended with no notes payable, a decrease in liabilities, and a substantial increase in bank de- posits. There was very much of an improvement in the payments on storage accounts, which were audited by Wayne Kendrick & Co., certified public accountants. Investment Trust Adds Stock. A. 8. Goulden & Co. investment firm in the Woodward Building, is asending out the latest report on the Massachusetts Investors’ Trust, which shows a substantial gain in net assets as of March 31. Shares out- standing numbered 1,917,473, com- pared with 1638460 at the end of the previous quarter. Net assets for each share were $18.07, against $18.80. The report adds that during the quarter initial purchases of common High. T 89% 3315 11% 6% 1]8 26 146 123 20% 45% 261 405 15 Prev. FINANCIAL. THE EVENING TRANSACTIONS ON THE NEW YORK STOCK EXCHANGE!STOCKS TURN DULL By private wire direct to The Star. 2:30 pm. 1935 Low. 4% Adams Express. . 84% Adams Expr pf (5). 28y Adams Millis (2)... 8 Addressograph.... 4'; Advance Rumley... 104% Air Reduction (3).. % Air-Way Elec Appl, Stock and Dividend Rate. 1% Alleg pf xw (k) 21 Alleghany Steel (2) 125 Allied Chem (6). 12215 Allied Chem pf (7). 12 Allis-Chalmers..... 14 Alpha Port Cmt (1) 4813 Amerada Corp (2).. 42 Am AgCem Del(2). 13% Am Bank Note..... 43 Am Bank N pf (3).. 21 Am Brake Sh (t85¢) 110 AmCan (i5).. 10 Am Car & Foundry. 25% Am Car & Found pf. 8 Am Chain 38 Am Chain 66 Am Chicle (73 22% Am Comcl Alcohn . 63 Am Crystal Sugar.. Sales— Adfl 0. High. 5% sn- 87 3 31% 2 lmfi 5 116% - 145% 128% 16% 17 ROORmMANO = RIS 10s 3 SS 121% 18% 25 17 57% Am Crystal Sug pf. 160s 1% Am Encaustic... ... 2 Am & Foreign Pwr. 12 Am & For Pw pf (6) 14 Am & For Pw pf (7) 3% Am & For Pw 2d pf 29's Am Home Pr 814 Am Ice Co. . 4'3 Am Internat: 9 Am Locomotive 32 Am Locomotive pf. 18'5 Am Mch & Fy (80c) 4'4 Am Mach & Metals. 13'3 Am Metals. ... . 1'3 Am Power & Light. 83 Am P&L $5 pf (1%) 10% Am P&L $6 pf (1%) 10’5 Am Radiator. iee 134'; Am Radiator pf (7) % Am Rolling Mills 20 31% Am Smelt & Ref 103" Am S&R 6% pf 7% 63 Am Snuff (13%). 12 Am Steel Foundry.. 33!2 Am Stores (i2%2) 55's Am Sugar (2).. 126 Am Sugar pf (7). t 139, 108 10614 6'a 29% 14 63 5% 685 263 15 17% 105 4214 114 5 18'; Am Sum Tob (1). 987% Am Tel & Tel (9)... 72'3 Am Tobacco (5).... 74% Am Tobacco B (5) 129's Am Tobacco pf (6). 9 Am Type Fdrs pf(k 7'a Am Wat Wks (80c¢). 48 Am Wat W 1st (6). 35'2 Am Woolen pf...... 21, Am Writ Pap pf (k) 31 Am Zinc & Lead pf. 8 Anaconda Copper 16% Anaconda Wire. . 14 Anchor Cap (60c) 103 Anchor Cap pf(61:) 97 Armour Del pf (7).. 31 Armour of Illinois. . Armour of 111 pf. Arnold Constable 3% Artloom Corp. . 2 Asso Dry Goods 807 Asso D G 1st p£(j6) 29% Asso Oil (70¢)..... 35% Atch To&S F (h2).. 19% Atlantic Coast Line 21% Atlantic Ref (1)... 323, Atlas Powder (2). . 106% Atlas Powder pf (6) 4 Atlas Tack.... 15 Auburn Auto. 63 Austin Nichols. 36% Austin Npf A (5).. 3 Aviation Corp Del. . 1'; Baldwin Loco (k) .. 773 Baldwin Loco pf(k) 713 Baltimore & Ohio. . 914 Baltimore & Ohio pf 1003 Bamberger pf (62) 36!4 Bang & Aroos (27;) 106% Bang & Aroos pf(7) 314 Barker Brothers. 7 Barnsdall Corp Bayuk Cigar (b 1591 Beatrice Cre (a50c) 72 Beech-Nut P (1313) 11% Belding-Hem (a50c) 11% Bendix Aviation. ... 15% Beneficial Loan 1% . 213 Bethlehem Steel. .. 55% Bethlehem Stl pf... 14% Bigelow-San Corp.. 9%, Blaw-Knox. 6% Boeing Airplane. 49% Bohn Alum&Br (-'l). 21 Borden Co (1.60)... 281 Borg Warner (1%;). 9 Bridgp't Brassallc 2415 Briggs Mfg (2).... 23% Briggs & Strat (3). 4 31% Bristol-Myers {2.40 60 36% Bklyn-Man Tr (3).. 90 Bklyn-Man T pf (6) 43 Bklyn Union Gas(5) 53 Brown Shoe (3).... 41 Bucyrus Erie. . 814 Bucyrus Erie cv pf. 62% Bucyruc Erie pf (2) 31% Budd (EG) Mfg... 23 Budd (E G) Mfg pf. 100 215 Budd Wheel 8% Bullard Co. 13% Burr Add M (60c) 1 Bush Terminal (k). 5% Bush Term deb (k). 114 Butte Copper & Zinc 11% Byers (AM)....... 32 Byers (AM) pf. ——————— 42% 1% Aln 11% 16% stocks were made in the following corporations: Amerada Corp., Ameri- can Agricultural Chemical Co. (of Delaware), American Cyanamid Co., Bulolo Gold Dredging, Ltd.; General Electric Co., Montgomery Ward & Co., Inc.: Standard Oil Co. (New Jer- sey), and Union Carbide & Carbon Corp. The quarterly cash distribution during the quarter was 21 cents ver share, the same as in the correspond- ing quarter last year. The amount available was 2.2 cents a share mcre than the current distribution. Bonds Again in Demand. Bonds took the lead again today on the Washington Stock Exchange, trad- ing being confined to two important issues. Washington Railway & Elec- tric 4s moved in five consecutive $1,000 sales at 104%, closing with 104 bib and 104Y, asked. ‘Washington Gas 5s, 1958, figured in six consecutive sales in $1,000 denomi- nations, at the strong price of 105. ‘The closing bid on these bonds was 10472, with 105 asked. American Security & Trust Co. stock came out on the board today with a 10-share sale at 200%:. Capital Transit noted a three-share lot sale AL 18 %%, closing with 18 bid and 19 'I'hue Dividends Declared, American Fire Insurance Co. direc- tors have declared a quarterly dividend of $3 per share, payable May 1 to shareholders of record April 24. Directors of the Lanston Monotype Co. have voted the quarterly dividend of $1 a share, payable May 31 to stock of record May 21. 133, 36 % 37 20 63 99 447% 35% 25% 28 128, 10914 65% 6% 654 83 209 57% 18% 16% 85 ‘The usual quarterly dividend of 40 cents a share has been declared on Emerson’s Bromo Selzer “A” stock, listed on the local exchange. It will ‘be paid May 1 to holders of record April 25, The safe deposit section of the Dis- trict Bankers’ Association will be host to safe deposit section officials in out- lying areas at the monthly meeting this evening in the board room of the American Security & Trust Co. One delegate and two alternates to the national convention of the Safe De- poeit Advisory Council will be elected. e BONDS T0O BE REDEEMED. NEW YORK, April 2¢ (#).—Gold- man, Sachs & Co,, fiscal agents, have notified holders of United Biscuit Co. of America 15-year 6 per cent bonds, due in 1942, that all outstanding bonds of this issue will be redeemed on June 22 at 1033z and interest. lll‘/fi 33 3613 California Pkg (13 13 Callahan Zinc. . 213 Calumet & Hecla. 772 Campbell-Wy (a20c) 8% Can Dry G A (40c). 9%, Canadian Pacific.. .: 30% Cannon Mills (2)... 4%, Capital Admin (A). 321 Cap Adm pf A (3).. 85 Car Clin & O sta (5) 45% Case (JI) Co...... 8312 Case (JI) pf (4)... 36% Caterpillar Trac(1) 19% Celanese Corp. . 11% Celotex Co pf 22% Cent Aguire (1%) 6% Century Rib Mills. . 96% Century R M pf (7). 38% Cerro de Pasco (2). 3% Certain-Teed Prod.. 4% Checker Cab Mfg... 37% Ches & Ohio (2.80). 86 Chesap Corp (3). % Chi Gt Westn (k). .: 1% Chi Gt Westn pf(k) % ChiMilIStP&P. 4% Chi Pneumatic Tool 20 Chi Pneu Tool pf... 1 ChiRI&P (K)..... 1% Chi R I&P 6% pI(k) 15 Chi R 1&P 7% pf (k) 3% ChildsCo.......... 31 Chrysler Corp (1).. 20 City Ice & Fuel (2). 87 CityIce&F pf 6%. 5 City Stores new (k) 12% Clark Equip (80¢).. 80 Clev & Pitts (3%).. 161% Coca~-Cola 8)... 53% Coca-Cola (A)(3) 16% Colgate-P-P (50c).. 9 Collins & Aikman. . 69% Collins & Aik pf (7) 6% Colonial Beacon Oil 15 Colo Fuel&Iron (k). 5 ColoF&Ipf(k)... 10% Colo & South. .. 7 Colo & South 1st D!. 3% Col Gas & Elec..... 35% ColG&Epf A (6). 31 ColG&EDIB (5).. 34% Colum Pic vtc (m1) 67 Colum Carbon (4).. 39% Comcl Credit (2)... 29 Comcl Cred pf (1%) 109% Comel Cr 1st pf 635 . 29% Comcl Credit(B)(2) 56% Comel Inv Tr $2%.. 17% Comel Solv (t85¢).. % Comw-& Southn... 29% Comw & Sou pf (3). 27 Congoleum-N (1.60) 9 Congress Cigar 23% Conn Ry & Lt (4 71 ConCprpfwwél. 4% Consol Film....... 223 16% Consol Film pf (j2) 8% 112 1% 13% 5% % 1 o4 15% Consol Gas N Y (1). 72% Consol Gas pf (5). . 13 Consol Laundries. 6% Consol Oil..... 108% Consol Oil pf (8)... % Consol Textile..... 9% Container Corp (A). 3% Container Corp (B); 4% Contl Baking (A)... %, Contl Baking (B)... 46% Cont! Baking pf (4); PNAARANULINONNOO 29 40 30 33 1313 20s 145 15 19 Am Shipbldg (2)... 100s 23 166 41% 83 1""- T 80% 16 83 2139 308 56 8 10! !07' 3103 1 % 10! 110' 9 2!' 2 108 112 108 104! 1 39% 20s 114 2 : S - EPEPITOE Neson0E ) S~ &= - - rSrwrnoRlrrwmnse~ g §fl~e 3 1208% Net. Low. Close. Chge. 5% 5% — % 87 81 — % 31 314 + % 10% 10% " 6% !16‘& llfi% -1% %=t ll% 5% 144 123 15% 17 57% 50% 20 59% 11996 12% 110% 805 82 139 EREPESR 5E 60% —1% 99 43 4% — % 4T 9 — % 93 + 7 814 + % 415 2y — 2 23% — 3 87 37 110% 110% 5 100 57% +1% % - % 5 - % 42% + % 2 —-% 2% 208'& 208'/: ] 54% + % l'l 17 10% 10% — % % — % Th + % - % 815 -2 % + % 12 -% % + % 64% + % 56 % 10% 3% 5% & % blia % 10% - % 3% Slat Net change . STAR, WASHINGTON, STOCK AVERAGES Complled by the Associated Press. 30 +.2 Today, 1 p.m. Previous day Month ago . Year ago . 1935 high 1935 low 1934 high . 1934 low 1932 low .. 1929 high 131 1124% and . Dividend Rate. 62% Contl Can (2.40). 7 Contl Dia F (albe). 28% Contl Insur (11.35). % Contl Motors . 15% Contl O Del a12%;¢.. 41% Corn Ex Bk&Tr (3). 62 Corn Prod Ref (3).. 35% Cream of Wht {23 12% Crosley Radio. . 23% CrownC &S (1)...y 313 Crown-Zellerback. « 14 Crucible Steel...... 1 CubaCo... 5 CubaR Rpf. 5% Cuban-Am Sugar. 40% Cuban-Am Sug pf.. 41 Cudahy Pkg (2%).. 15 Curtis Publishing.. 89% Curtis Pub pf (7). 2 Curtiss Wright. 6% Curtiss Wright (A) 16 Cutler Hammer.... 231 Delawas 11 Del Lack & West... 65 Detroit Edison (4). 8 Det & Mackinac pf. 36 Devoe&R (A)(12). 26% Diamond M (11%). 34% Dome Mines (2).. .. 8% Dominion Strs(1.20] 1715 Douglas Aircraft. 131 Dresser Mfg A h1? 6% Dresser Mfg B 86% Du Pont de N (2. 1267 Du Pont deb (6).... 104 Duquesne Lt 1st (5) —_——— 8 135% 20% 5% 29 3% Eastern Roll Mills., 1101 Eastman Kod (5). 16% Eaton Mfg (1).. 31 Eitington-Schild. 1933 Blectric Auto Lite. . 185 15 Utafl. chll. +32 402 40.0 Sales— Add 00. High. .x 28 Ml SESRFFIE a1 23% 18% % 96% 129%, 60s 112 111% l.ll‘1 - '/’ 53 134% 19% 4% 21% 41w 5% 136 X 110% 107 Elec Auto Lite pf 7. llflg 11094 3 6% 8% 2% 754 875 38% 18% V% Th 3% 7 28% 63% 26% ll'l 3% Electric Boat. 64 Elec & Mus Ind. 1% Elec Pwr & Light. 213 Elec Pwr&Lt $6 pf. 3 Elec Pwr&Lt §7 pf.. 39 Elec Stor Bat (2%) % Elk Horn Coal (K).. 52% Endicott-John (3). . 25% Endicott-John pf(7} 14 EngPubSve $6pf.. 141 Eng P S $5.50 pf ww 14 Eng Pub Svc $6 pf. . % ErieRR..... 8% Krie RR1stpf..... 10}3 Eureka Vac C1(80c) 16% Evans Auto (a%5c). 2% Exchange Buffet % Fairbanks Co. 4 Fairbanks Co pf. 17 Fairbanks-Morse. ., 5% Fed L.t & Trac.. 48 Fed Lt & Tr pf (6) 40 ¥Fed Min & Smelter 3% Fed Motor Truck. .. 74 Fed Water Sve (A). 1633 Fed'd D Strs (f1).. 28% Fid Ph F Ins({1.35) 106'% Filene'sS pf (6%2) 18% Firestone (40c).. .. 8415 Firestone pL A (6).. 46 First Nat Strs(23;) 20% Food Mach (1).. 97, Foster-Wheeler. 4% Foundation Co. . 19% Fourth Nat In h85c. 8% Fox Film (A) 17% Freeport-Texas (1 ) 4% Fuller Co 2d pf. 1 Gabriel Co (A). 7 Gamewell Co... 513 Gen Am Investors.. 84% Gen Am In pf ww 6. 32% Gen Am Trans(1%) 11% Gen Asphalt 7% Gen Baking ( 5% Gen Bronze. 2 GenCable.... 4 Gen Cable (A) 19 Gen Cable pf 50 Gen Cigar (17) 20% Gen Electric (60c) 32Y% Gen Foods (1.80) . % Gen Gas & El (A). 10 Gen G&E 6%cv pf 59% Gen Mills (3) . 26% Gen Motors (1) . 107% Gen Motors pf (5 17% Gen Print Ink(1.20 9315 Gen Print Ink pf (6) 1% Gen Public Service.. 15% Gen Ry Signal (1).. % Gen Realty & Util 16% Gen Refractories. 16% Gen Refrac ctfs.... 14 Gen Stl Casting pf. 12 Gillett Saf Raz (1). 70% Gillett Stf R pf (5). 2% Gimbel Bros.. 18 Gimbel Bros pf. 23% Glidden Co (i1. 305 1047 Glidden Co pr pf (7) 2'% Gobel (Adolf). . 14% Gold Dust (1.20) 7% Goodrich (BF)... 15% Goodyear T& R. 70 Goodyear $7 pf (4).. 1% Graham-Paige 5% Granby Consol 2% Grand Union.. 29% 17 Grand Union p! 17% 12% 31% 130% 2% 24 16 67 5. 26 Grant (W T)(11%) 9% Great Northern pf.. 9% Great Nor Ore (50c) 26% Grt West Sug (2.40) 119 Grt West Sug pf(7) 1 Guantanamo Sugar. 19 Guantanamo Sug pf 6 Gulf Mobile & N pf. 48 Gulif States Stl 1st. —_— 127% 81% % 11 91% 1% 61% 40 111 Centlse lines(4) 50s 'II 30 Hack WpfA (1%). 3% Hahn Dept Stores. . 65 Hahn Dpt Stores pf. 4 Hall W F Printing. 6% Hamilton Watch 63 Hamilton Watch 16 Harb Walker (1) 5% Hat Corp (A)... 81 HatCpfww (6%). 1% Hayes Body....... 85 Hazel Atlas Gl (5).. 11 Hercules Mot (60c). 122 Hercules P pf (7). 73% Hershey Choc (3). 5% Holland Furnace. .. 6% Holland & Son (50¢c) 338 Homestake M (136) 30% Houd-Hirsh A(2%). 6% Houdaille-Hersh B. 49 House Fin pf (3%). 1% Houston Oil (new). 43 Howe Sound (3)...; 2% Hudson & Manhat.. 6% Hudson & Man pf..; 6% Hudson Motor Car. % Hupp Motors. .. 9% Illinois Central.... 24% Indus Rayon (1.68). 60% Ingersoll-Rand (2). 56% 46% Inland Steel11).... 3% 16% 3 115 6% 3% 26% 130 2% Inspiration Copper. 8% Interboro Rp Tr (k) 1% Intercontl Rubber 149% Int Bus Mach (p6) .. 3% Int Carriers Ltd 200 22% Int Cement (1)..... 1% Int Hydro Elec (A). 2% Int Merch Marine 221 Int Nick Can (60c) 125 Int Nick Can pf (7. 4% Int Paper & Pw pf. . 15 Int Paper & Pw (C) 10% Int Rys Cent Am pf 9 Interstate Dept Stra 6% Intertype 24 8 1 8 100s 1 3 1 16 6 16 *LE+1010 [NNE N NN] ik Al - e 14% RUANDBS ~NRBO TR NN 52: 3 llfi 115% 26 26% + 408 102% 10213 102% % 2l‘¢ % » lfl’l!‘ 107% 2% 15% 8 18% 75 1% 8 3% 193 30% 12% FERPAGSFFS P 83% - % 3%h— % 64% — % % - % 7 70 19% T% + % 90% + % 2% 93 8 18% 18 18% + % 208 126% 126% 125% 17 19 19 -% 5 8% Th Th-—% 1 % % Th—-% 1385 385 386 +S 6 34% 34 U+ % % 12% 12% — % x 61 +1 2 2% 15 527 +1% 1 3y 4 3+ % 18 % - % 2¢ W%-% 1% 1% 49% +3 26 + % 73 49% — % 2% + % 1 1% 5 3% 3% 3% — % 175 173% 173% — % 4% % 4% 4 26% 26% 26% — % 30s 1 -1 27 12 8 2 2 1 X 5 [3 3 26% 5130 129% 129% 11 6% 6% 6% — % 1 Y4 % % — % 10s 11% 11% 113% -1 4 4 45 —-% 2% 20% + % % % 1.“ ll“ % 9% Corp. 120% 110 Island Cruk PE(6). 108 mm 120% non +1% 57 5% = Y | eme— 49 Jewel Tea (3)... 57% _38% Johns-Manville. e % b4 B3% b4+ % Prev. 1938 Stock and Migh. Low. 125 117% Johns<Manv pf ((7) 20s 113“ 123 123 78 650 Jones&Laugh7%pf 10s 4 1 8 3 2 17 6% Kans City South pf. 16% Kayser(J)& Co 50c. % Kelly-Spring T (k). 6 Kelsey-Hayes (A). 3% Kelsey-Hayes (B). 14% Kelvinator (70c).. 84 Kendall Copf (6).. 13% Kennecott C (60c) . 19% Kresge (SS)(1)... 23% Kroger Gr&Bk 1.60. 12 Taclede GasStL... 100s 19% Laclede Gas pf 1 24 Lambert Co (3) 10% Leh Port Cement 6% Lehigh Val Coal p: 5 Lehigh Valley RR. 6734 Lehman C (2.65) .. 14% Lehn & Fink (1%) 21% Lib-O-Ford G1 1.20, 21 Life Saver (1.60)... 94% Ligg & Myers (i5). 93% Ligg & Myers B(i5) 16% Lily Tulip Cup(1%) 17% Link Belt (60c) ... 24% Liquid Carb (11%). 31% Loew’sInc (2)..... 1 lLoftlnc..... 1% Long Bell Lum (A). 33% Loose-Wiles (2). 18% Lorillard P (12. 138 124 Lorillard P pf (7).. 1% % Loulsiana Oil...... 14% 7% Louisiana Ofl pf. 16% 103 Louisv GRE(A)1%. 47% 34 l.onisv & Nashv(3). 18% 12% Ludlum Steel = 12 1 25 1 40 MacAndrew & F (13 28 McCall Corp (2).... 7% McCrory Strs A (k) 6% McCrory Strs B (k) 36% McIntyre Porcu (2) 90% McKeesport T P (4) 6% McKesson & Rob. .. 356% McKesson & Rob pf 813 McLellan Stores (k) 20% Mack Truck (1).... 301 Macy (R H)& Co(2) 18% Magma Copper (2). 7% Mallison & Co. . 4 Manati Sugar pf 13% Man Elev m g (k) 42 Marancha Corp 5% Marine 14 20 Marlin- Rm‘kwell( l 6% Marshall Field..... Mathieson Alk(1%:) May Dept Str (1.60) Mavtag pf ww j2%. 8413 Maytag Istpf (6).. Melville Shoe(127z) Mengel Co......... Mengel Co pf Mesta Mach (1 Miami Copper. Mid-Cont Pet(h30c) Midland Steel Prod. 4 MidI'd Stl 1st pf(8). Minn-Hon R (13%). Minn Moline Pow. . Minn Moline Pow pt Minn & St L (k). MSt P&SSMarie. 3 MStP&SSMIsin 1008 Mission Corp. . 2% Mo Kans & Texas Mo Kans & Tex pf.. 1% Mo Pacific (k). 1'2 Mo Pacific pf (k) 10% Mohawk C M (h? 556 Monsanto C (1) 21% Montgomery Ward. 1% Mother Lode. 17% Motor Produets 74 Motor Wheel 7 Mullins Mfg. 367 Mullins Mfg pf 13% Munsingwear Inc.. 4% Murray Corp. . 2 11 Nash Motors (1)... 22, Nat Biscuit (2) 1315 Nat Cash Reg A bic 12 Nat Dairy Prod 1.20 1% Nat Dept Store (k). 17 Nat Dept S 18t pf(k 690.\ 24% Nat Distillers (2).. lfifl 150 Nat Lead pf (7) A. 8% 47 Nat Powr & Lt (80c % 14 Nat Ry Mex 2d pf.. 50% 40% Nat Steel (71%4). 9 Nat Supply Co. 4315 Newberry(J J) 4% Newport Industr, 1813 N Y Airbrake. . 121, NY Central RR. .. 6 N Y Chicago & St 1. 9% N Y Chi & StLpf.. N Y N H & Harttord NYNH&Hart pf. 2% N Y Ontario & West 63 N Y Shipbuilding. .. 70 N'Y Shipbldg pf (7) 8 170 NY Steampf (6)... 97 90 NY Steam1st (7).. 308 38% 303 Noranda Mines (h2) 14 175 158 Norfolk & W (710). 3 104'; 99 Norf & West pf (4). 100s 4 2 North Am Aviation. 40 16% 9 NorthAmCo(1)... 88 35% North Am Co pf (3) 5 57 North Am Ed pf (6) 86% North’n Central (4) 18% Northern Pacific. .. 1% Norwalk Tire&Rub 20 NorwalkT&R pf 3% 17 13 2 17 108 60s 4 2% 6 12'% 4% 26% % 15% % 46 93 9% Ohio Oil (h45c).... 1% Oliver Farm Equip. 16% Oliver FEprpf A.. 4% Oppenheim Collins. 11% Otis Elevator (60c) 4% Otis Steel. .. 228 Otis Steel pr p: 80 Owens-1ll Glass 18% 13% PacificG&E (1%;). 29 26% 19 PacificLtg (2.40).. 11 91 70 Pacific Tel & Tel (6) 10s 127 111% Pacific T & T pf (6) 10s 91 Pac W'nOil (h40c). 1 5% 3! Packard Motor..... 49 10% Pan American Pet.. 1 % Panhandle Prod&R. 1 63 Panhandle P& R pt 108 2% Par-Public ctfs (k). 20 2% Park Utah . 15 Pathe Exchange. €5 Pathe Exchange(A) 8% Patino Mines. . 1% Peerless Motor. 643 Penick & Ford (3).. 57% Penney (JC)(2). 21 Penn Coal & Coke 3 Penn Dixie Cement. 17% Penn R R (1) 30 Peoples Drug S (1). 17% Peoples Gas Chi.... 16% Pere Marq pr pf. 7% Petrol Corp (h50¢). 12% Phelps Dodge (h75¢c 38% Phila Co pf (6) new 23 Phila Co $6 pf (3)... 1% Phila & Read C & I. 36% Philip Morris (1)... 13% Phillips Petrol (1).. % Pierce Oil.... 314 Pierce Oil pf. % Pierce Petroleum 81 Pillsbury Flour 1.60 5% Pitts Screw & Bolt. 22% Pitts Steel pf. . 1% Pitts United Co: 6% Plymouth Oil (1) 6% Poor & Co (B)... 8% Postal Tel & Ca pf.. 1% Pressed Steel C (k). 6% Pressed Stl C pf (k) 9% 42% Proc & Gamb (1%).x 17 120% 115 Proc&Gampf (5). 60s 30 20% PubSvcNJ (2.80).. 54 84 62% PubSve N J pf (5). 96% 73 PubSvc NJpf (6) - @ » onBaB it nnad 3 EPTYS 10 30 10 5 2 1 52% 39 Pullman Inc (3). % 6% PureOil... 61% 49% Pure Oil pf.. 113 8% Purity Bakeries (i) —— 5% 4 RadioCorporation., 62% 50 RadioCorppfA3% 45% 36% Radio Corppf B.... 2% 1% Radio-Keith-Or (k) 21 16% Raybestos-Man (1) 43% 29% Reading (2). . 15 8 Reis (Robt.) 1 11% 8 Remington-Rand.. 86 71% Remington-R 1st pf 1m 70 Remington-R 2d pf. li!i l Republic Steel. 2% Reo Motor Car..... SEABOARD GETS FIRST A 853 vewnnatsd 'a?m:__w. BALDWIN LOCOMOTIVE The first of five new high-speed lo- | dling 50 per.cent more tonnage than (mond to WEDNESDAY, 108 137'« Dividend Rafe. AMW High. Low. Olose. Chge, | High. 6% 2 104% 104 18 lnB 104% 18% 207, 29% 37% 1 18y 345 137% 1% 121 16 40% 16% 11‘ 43 30% 9% 8% 43% 101 9l 43% 10 104% 102”/- xvldb\lflfi Works has Built freight APRIL 24, 1935. 2:30 o.m Bales— Net. Add 00. Hish. Low. Olose. Chge. 20 40 38 38, -- 3% 19'. + 2'/- Net. Stock and . Dividend Rate. 28% Republic Steel pf . . 28 Republic Stlpfet.. 5% Revere Copper . 75 Revere C & B pi olds Metal molds Spr (40c) 43% Reynolds Tob B (3) 21% Roan Antelope Ltd. 29% Roy’'l D h1.35 3-10c. Prev. +1 56% 1% 8% + % 49% 4 zou - -, 15% — % 47% - % 26% 33% - % - 714 Safeway Stores (3). 110 104% Safeway Strs pf (6) 114 110 Safeway Strspf (7) 17% 103 St Joseph Ld (40c). 1 StLSanFr (k.. | 12 St L Southw'n pf. 6 Savage Arms 22 Schenley Distillers. 1% Schulte Retail Strs. 8 Schulte R Strspf. 55 Scott Paper (1.70) % Seaboard Air L (k). 20% Seab’d Ofl Del (i1). 31 Sears Roeb’k (75c). 1% Second Nat Invest .. 40 Sec Nat Inv pf (j2). T% Servel Inc 9 Sharon Steel Hoop. 3% Sharp & Dohme. . .. % Shattuck (F G) 25c. 532 Shell Union Ofl.. .. 63'% Shell Union Oil pf .. 8% Silver King C (40c) 6% Simmons Co. 13% Simms Petrol : 15% Snider Packing..... 11 Socony-Vae (60c).. 20 Sou Porto R Sug (2) 108 South Cal Ed (13%3). 12% Southern Pacific. .. 7% Southern Railway.. 10 Southern Rwy pt. 5 Spalding (AG). 42 Spalding (AG)1st pr 59% Spang Chalf pf (j1) 314 Sparks-Withington. 32 Spencr Kellogg 1.60 T% Sperry Corp (25¢). . 83 Spicer Mfg........ ‘ 33% Spicer Mfg pf (3).. 1508 43% Spiegel-May-Stern. 4 14% Stand Brands (1).. 212 214 Stand Com Tobacco 2 1% Stand Gas & Elec... 21 1% Stand G&ES$4pf.. 8 4% Stand G & E 36 pf .. 6 StandG&E$7pf.. 13 Stand Inv Corp 'f:u. 27% Stand Oil of Cal (1) 116 111 Stand Oil Exp pf(5) 25% 23 Stand Oil of Ind (1) 431 35% Stand Oil N J(71%) 15% 1215 Starrett (L S) a25c. 65's 58% Sterling Prod (3.80) 9% 6% Stewart-Warner 5 213 Stone & Webster 3 2% Studebaker (new) 683 60’3 Sun Oil (31).. % 11 Superheater 3 1% Superior O1l.. 5 Superior Steel 4 Symington (k) 42% - % 109 — % 114 16 108 100 -,, 109v, 20- 114 113% 43 2 1208 34 137% 1'»/, 16" 40% 16 431 30% 88 43 103 6% BEL LY LN 7% Telautograph (80c) 4 ‘Tennessee Corp.... 16'; Texas Corp (1). 28%, Texas Gulf Sul (2). 3% Tex Pac Coal & Oil. 815 Tex Pac Land Trust 15% Thatcher Mfg(a25c’ 5% Thomp'n(JR)(50c). 13% Thompson Products 1% Thompson Starrett. 7% Tide Wat Asso Oil. . 84 Tide Wat A O pf(6) 26% Tide Wat Oil(a35e) ws 100 Tide Wat Oil pf 45, Timken-Detroit. . 2:-. Timken RB (1)... 4% Transamerica (25¢) T Trans & West'n Air 5% Transue & Williams 1% Tri-Contl Corp. .. .. 36 Trico Prod (23; 4'a Truax-Tra Coal. 332 Truscon Steel i+ SS‘A & 9y 8% 38 425 6 6 (EEZEIRE R 52% 182, 1117 88%, 26 16% 44 TUn Carb&C 1.60. 14% Un Oilof Cal (1). 82% Un Pacific (6)..... 9% Vn Pacific pf (4). .. 20% Un Tank Car ( 9% United Aircraft. 67, 413 United Air L vtc 100c 7 United Am Bosch. . 11722113 United Bisc pf (7) 53% 46 United Carbon 2.40. 3% 1% United Corp. 30% 20% United Corp pf (3). 13% 9% United Drug....... 4'3 United Dyewood. . . 65 United Dyew pf (7) 3% United Elec Coal 71% United Fruit (3)... 9% United Gas Imp (1) 8715 United Gas1pf (5). 2% United Pce DW.... 14%3 United PcsD W pf. 2308 6 U S Distributing pf 40s 4% US & For'n Secur. . 2 65% 1S & For 1st pt (6) 11 1V S Freight (1). 40% U S Gypsum (1) 5 1S Hoffman.. 35% U S Ind Alcohol (2) 3% U S Leather....... 7% U S Leather (A) 14% U S Pipe & F (50¢). 19% U S P&F 1st pf 1.20 3 USRealty &Imp.. 9% U S Rubber. . 241 U S Rubber 1st pf.. 95 USSmelt&R (i6). 62% USSm& R pf (SL,) 2T% U S Steel. . 73% U S Steel p .). . 13«. 119% U S Tobacco (17%) 7% 3% United Stores (A).. 59 61 Univ Leaf Tob (2)., 2% 1% Univ Pipe & Rad., 2% 1 UtilPwr&Lt (A). 32 Vadsco Sales Corp 113 Vanadium Corp. 1l Van Raalte.. . 91 Van Raalte 1st pf 7 34% Vick Chem (i2.40). 2% Va-Car Chemical.. 18 Va-Car Chem 6% pf 63% Vulcan Detin (a4).. T% 4% Waldorf Sys (h20c) 31 27 Walgreen Co (1.20) 117% 114 ~ Walgreen pf (6%). # 1% Walworth Co...... 13 Ward Baking (B).. 2813 Ward Baking pf (2) 2% Warner Bros Pic. . . 14% Warner Bros Pic pt 5 Warner-Quinlan. .. 213 Warren Bros. . 4 Webster Eisenlohr. 1 Wells Fargo....... 30% WessonO & S f1%. 72 WessonO&Spf4.. 34 WestPaElec (7) A 1708 36 West Pa Elec pf (6) 40s 39% West Pa Elec ptf (7) 2808 68 95 West Pa Pw pf (6). 1208 110% 110% 1173 1043% West Pa Pw pf (7). 1708 17 % 3 Western Dairy pt B 2 % 5% Western Maryland. 5 8 7% Western Md 2d pf. 3 10% 2% Western Pacificpf. 3 20% Western Union..... 19 18 Westingh’'se AB50c 17 32% Westingh'se Elec... 117 90 Westh'se1stp£3%. 708 29 WestonElec A (2). 10s 16% Westvaco Chi (40c) 2 14% Wheeling Steel..... 4 6% White Motor. . 13% White R’k M S 1.40, 6 White Sew Mch pf.. 3% Wilson & Coal2ie 58 Wilson & Co pf (6). 51 Woolworth (2.40).. 11% Worthington Pump. 1 25% Worth Pumppf A.. 508 35% Wright Aero....... 400s 3% Wrigley W jr(13%) 20 24 17% Yale & ;own. (60c) 4% 2% Yellow Truck. 42 34% Yellow Truck pf... 22% 18 YoungSp& W t1% 21% 13 Youngstown S&T.. 56 38% Youngstwn S&T pf. 1 4% 3 Zonite Products.... 11 % Approximate Sales of Stocks on the N. Y. Stock Exchange. 11:00 AM.......300000 12:00 Noon. 580,000 1:00 P.M... 960,000 Dividend rates as given in the above table are_the san nust based on the Iatest quarterly or “haityes declarations. s Unit of tndlnz less t.hln 100 lhlr:flh 'h'r‘tb ?’:’n. h}"“u'. M -Punl. in cash or ltock fim li I .‘peun"::u’ 4% in stock. _a Paf mu k mf"fi'fim nflu 5% 1o M '3”’ ""' @ S FRBNE DA - S S 8 O e RN -T an 8 NS 11% % 27 16 5 24 4 '108 40 9 2%+ % 115 18% 34 11 +2 9% — % 86% + % 76 +1 2% - % 12% + % ganized. m Plus in stock. X Ex-di by Baldwin Locomotive | placed on the Virginia-Carolina divi- been placed in service. sion. Its tender holds 24 tons of coal primarily for high-speed mfllcooonnmotw-ur.enlblm service and capable of han- |it to carry heavy trains from Rich- to Raleigh without operating 15 46% 45% 46% + % comotives of Seaboard Alr Line Rail- | those used at present, # has been |atops. 1 2| ing, FINANCIAL. (AFTER EARLY RISE iLeading Metals, Industrials Remain Steady to Firm Late in Session. BY VICTOR EUBANK, Associated Press Finaneial Writer. NEW YORK, April 24.—The atock market, slewed down in its trading pace during late dealings todav, but earlier advances of fractions to more than a point were well maintained. At the beginning of the final hour leading metals and industrials. inclnd- ing aircraft shares and utilities, had leveled off a trifie under the earlier peaks, but the tone of the market re- mained steady to firm Shares holding early gains well in- cluded Howe Sound, American Smelt- Douglas Aircraft, Sperry, Lig- gett. & Myers, Union Pacific, Consoli- dated Gas and American Telephone. General Motors and Chrysler held about even. Announcement that the Chicago Board of Trade would remain closed today because of a petition of the Rosenbaum Grain Corp. for reorgan- ization caused only slight nervous- ness in the share market. Reflecting a further advance of 134 cents in the price of foreign bar silver to 71% cents an ounce, mining sharq assumed top ranking position at tig start and after a little coaxing brougly rails and industrials into line. Utiliti rested during the forenoon, but can to life around midday, under leadersh) of Consolidated Gas, and Aircral stocks perked up about the same timy Commodity markets lent little en couragement to stocks, however. Th opening of the Chicago Board of Trad was delayed by the situation centerin, around the Rosenbaum Grain Corp and the nervousness of traders was re flected by substantial losses in bot. wheat and corn in such outside ex changes as Minneapolis and Winnipeg The bond market displayed firmnes and another sharp rise in silver cur- rencies featured foreign exchange trading. Leading shares gaining from around 1: to a point or more included Cerrc de Pasco, United States Smelting, Howe Sound. American Smelting, Consoli- dated Gas, Commonwealth & Southern preferred, American Can. Du Pont United States Industrial Alcohol American Commercial Alcohol, Lig« gett & Myers “B.” McKeesport Tin Plate and American Chain. In the aircraft stocks heavy buying centerec in Wright Aero, Douglas Aireraft, Boeing, United Aircraft and Sperry, | all of which were 1 to 3 points better. Such standard shares as United States Steel, General Motors, Loew, J. 1. Case Public Service of New Jersey, Ameri- can Telephone, Union Pacific, Santa Fe, New York Central and United | States Steel showed smaller gains. UNITED CORP. REPORTS. NEW YORK. April 24 (#)—United Corp. of Delaware reports for the quar- - ter ended March 31 net income of $2,- 225,400, equivalent. after allowing for dividends on the $3 preference stock, to 2 cents a share on the common stock. For the first quarter last yeat net income was $2,540.047, or 4 cents a common share. WE BUY AND SELL FIRST MORTGAGE NOTES Washington. Baltimore and Atlantic City Properties (Any lssuer) C. B. Pennebaker Company, Inc. Southern Bids. Washington, D. C. National 2311 National 2312 National 2313 “Dealers in Unlisted_Securities, Specralizing in Real Estate Mortgage Bonds™ Mortgage Notes Available 6% Secured on New Homes Safety and Yield Combined Funds ,Av.ihbh or CONSTRUCTION LOANS or LOANS ON IMPROVED PROPERTY Reasonable rates Prompt action B. F. SAUL CO. 925 15th St. Natl. 2100 LOANS ON HOMES Monthly Payments as Low as $7.50 .. *1,000 No Commissions No Renewals COLUMBIA BUILDING ASSOCIATION 716 11th St. N.W. Membe, Federal Home Loan Bank vstem