Evening Star Newspaper, April 26, 1935, Page 18

FRIDAY, APRIL 26, 1935 FINANCIAL STOCKS IRREGULAR LATE IN SESSION A—18 *%# PEPCO EARNINGS DECLINE SLIGHTLY FINANCIAL. THE ' EVENING STAR, WASHINGTON, D. C., 2:30 pm. 2:30 mra, Sales— Stock and Bales— High. Low. Dividend Rete. Add 00. High, 49 28 Republic Stipfet.. 1 40% 8 .5l Revere Copper..... 6% 2414 19 Reynolds Metals(1) 204 16% 12% Reynolds Spr (40c) 16 61 55% Reynolds Tob (3).. 561y Prev, 1935 Prev. 1935 High. Low. Add 00. Hllh‘ 22 19% Kresge (88)(1)... 20 21% 113 106% Kresge (S S) pf (7) 210s 10815 28% 23Y% Kroger Gr&Bk 1.60. 6 25 28% 24 LambertCo (3).... Stock and e Dividend Rate. Low. Close. Chge. 404 40% — % 6l 6ly — Y% 194 19% — % 15% 15% - % 561, 561 +1% Prev. 1935 High. Low. 1% 4% Adams Expre 3815 28% Adams Millis (2).. 11% 8 Addressograph 6% 41 Advance Rumley 103 1 24 16 12 308 19 251 Net of $321,499 in March Is $10,666 Below Mark for Year Ago. BY EDWARD C. STONE. Total net earnings of the Potomac Electric Power Co. in March amounted to $321,499.68, against $332,166.38 in the same month a year ago, or a slight drop of $10,666.70, according to the monthly financial statement filed to- day with the Public Utilities Commis- sion. It is the first March report to be filed. Operating revenues were $1,098,- 188.77 as compared with $1,002,460.21, a gain of $95728.56. While revenues showed this notable advance, the cost of operations went ahead still further, operating revenue deductions taking $693.445.07, against $595,399.36, an in- crease of $98,045.71, leaving a net op- erating income of $404.743.70, com- pared with $407,060.85 in the like period last year, or a decrease of $2,- 317.15. Miscellaneous income totaled $9.- 812.86 against $11.218.58 last year At the same time gross was off $3.714.87. Deductions from gross called for $93.- 056.88 as compared with $86,105.05, an increase of $6,951.83, leaving the above stated net income. For the first quarter of 1935 the power company's operating revenues of $3.338.377.38, an increase of $271.- 8% 120 20% 1% 7 26% 146 12713 177 20% 3% 33 5914 574, 21% 61y 29's 1233, 16° %, 201 45% 818, 33u 10%, 918 3 5% 20 © 28% 13 % 3215 4% 37 68 6 210.04 from the first three months of 1934. Revenue deductions required $2,023,677.98. an increase in operat- ing costs of $278,666.75, leaving a net operating income of $1.314.699.40, against $1322,156.11 a year ago, a falling off of $7.456.71. Miscellaneous income showed a drop of $4.453.22, while gross was off $11,- 909.94 from last year. Usual deduc- tions to meet interest and such pay- ments took $20,263.63 more than a year ago, leaving a total net income for the quarter of $1.065.020.89. tn| comparison with $1.097.194.46, or a de- | crease of $32,173.57 over the same period in 1934. Wholesale Collections Jump. | The Federal Reserve Bank of Rich- | mond’s wholesale report for March, covering the activities of 58 firms, shows that hardware led the five leading lines mentioned in the sta- tistics. Heardware sales were up 8.2 per cent over last vear: grocery sales gained 8 per cent, but dry goods dropped off 20 per cent. shoes 17 per cent and drugs 9.8 per cent. Com- pared with February, sales in gro- ceries were 6.3 per cent higher; in dry goods, 3 per cent higher: shoes, | 25 per cent higher: hardware, 122 | per cent up, and drugs, .2 per cent better. The Richmond Bank reports sales in | the first quarter in groceries were 6.3 | per cent better than in the first quar- | ter of 1934. Dry goods sales were | off 19 per cent and shoes 5 per cent, but business in hardware was up 9.2 per cent and drugs about 1 per cent. Wholesale stocks on hand at the| end of March were 6.4 per cent higher in groceries than at the end of March last year. Dry goods stocks were down 22 per cent. shoes were off 9.9 per cent while hardware stocks were 8.4 per cent higher. Compared with the end of March a year ago, stocks on hand were slightly lower in gro- ceries, dry goods and hardware and ! down 17 per cent in shoes, with no | report on drugs. Collections were ‘unusually good. Of receivables due at the beginmnz( of March, 83.3 per cent were paid.| On bills for dry goods, 39 per centv was paid: shoes, 61.9 per cent: hard-' ware, 46.8 per cent. and drugs. 63.7 per cent. The report covers Wash- ington, Maryland, Virginia, West Vir- | ginia and the Carolinas. H Institute Officers Named. J. Earle McGeary of W. B. Hibbs & Co. was nominated as the next president of Washington Chapter, American Institute of Banking, at the regular meeting of the chapter held in the Bond Building last night, when other officers and governors were also placed in nomination for the coming year. Paul J. Seltzer, American Security & Trust Co., was named for first vice president; William H. Laughlin, ‘Washington Loan & Trust. and Rob- ert A. Sisson, Hamilton National, sec- ond vice president; Robert M. Poole, Riggs, and Joseph R. Fitzpatrick, treasurer; Katherine W. McCalmont, W. B. Hibbs & Co., secretary: Myrtle P. Lewis, American Security, and Harry Rider, National Metropolitan. chief consul. The Board of Governors placed in nomination, from whom four are to be elected, includes Constance D. Fogle, Riggs National Bank:; Aubrey 0. Dooley, Hamilton National; T. Hunton Leith, Security Savings & Commercial: Archibald McLachlen, McLachlen Banking Corp.; Elmer G. Flather, Union Trust Co.: G. Craw- ford Turnbull, Morris Plan Bank, ‘Theodore B. Bogley, Munsey Trust Co.. and George E. Earnshaw, Na- tional Metropolitan. Members of the Board of Gov- ernors whose terms expire this year include Kenneth W. Brooks. Riggs National; Aubrey O. Dooley. Hamiiton National; James C. Dulin, jr. Amer- fcan Security: G. Elmer Flather, Union Trust Co. and T. Hunion Leith, Security Savings & Commercial. W. L. Sanderson, retiring president. automatically becomes a member of the boar Maryland Bankers Plan Drive. It was announced from Landover, Md, today that a committee to work for general improvement in the bank- ing business in that section of Mary- land will be appointed shortly by H. H. Hellen, cashier of the Solomons Bank of the Country Trust Co. of Maryland, who was elected chairman of Group 4 of the Maryland State Bankers' Association at a meeting last | night at the Beaver Dam Country Club. R. Bascom Broun, jr., cashier of the | First National Bank of St. Mary's, of Leonardtown. was chosen vice chair- man and C. J. Parkinson, formerly of Hyattsville and now with the Inter- mediate Credit- Bank of Baltimore, ,was re-elected secretary-treasurer. Bankers Elect Delegates. At the regular meeting of the safe | ,deposit section of the District of Co- Jumbia Bankers' Association. held last evening, the following members were elected to attend thesNational Safe Deposit Advisory Council convention at Asbury Park, N. J., Jupe 7 and 8: Richard E. Harris, American Se- curity & Trust Co., delegate; Albert E Pisher, Riggs National Bank, al- ternate. and Jobn F. Hillyard. Na- tional Bank of Washington, alternate. Capital Transit Sells at 18. Capital Transit stock sold at 18 on the Washington Stock Exchange, only‘ seven shares changing hands. It closed with 18 bid and 19 asked, same as yesterday. The market opened 117 171y 17% 38y 34 264 13% 40% 60 421y 1 4 11% 42% 8% 209 18% 105 15% 85 28% 15% Th cav. 28% 1% 2% 3% 42 10% % 22% 96l with $1,000 Anacostia & Potomac R. R. 55 moving at 88, a jump of 3 points since the last previous sale. Washington Railway & Electric 45 were again in demand at 1041/.. two $1,000 and one $500 place s 11% 6% Affiliated Prod (60c 104% Air Reduction (3).. 16% Alaska Jun (11.20). & Alleg Corp (K)..... 2%, Alleg pf w$30w (k). 21 Allegheny Stl (1).. 125 Allied Chem (6). 12215 Allied Chem pf (7 12 Allis-Chalmers. ... 14 Alpha Port Cmt (1) 215 Amal Leather. 264 Amal Leath pf (j2). 4815 Amerada Corp (2). 42 Am Ag Cem Del(2). 134 Am Bank Note..... 43 Am Bank Npf (3).. 21 Am Brake Sh (185c) 110 Am Can (15).. 151% Am Can pf (7). 10 Am Car & Foundry. 2513 Am Car & Found pf. 38 Am Chain pf 22'% Am Comcl ‘Alcohol. 63 Am Crystal Sugar.. 57% Am Crystal Sug pf. 2 1% Am Encaustic.. . .. 2 Am & Foreign Pwr. 12 Am & For Pw pf (6) 14 Am & For Pw pt (7) 8% Am Hawalian SS(1) 21 Am Hide & Leather 29% Am Home Pr (2. Wl 815 Am Ice Co. 287 Am Ice Co pf 4'; Am International .. Am La Fran pf (k). Am Locomotive.... Am Locomotive pf. Am Mch & Fy (80c) Am Mach & Metals. Am Mach & M etf, Am Metals, ... Am P&L $5pf (1%) Am P&L $6 pt ub.) Am Radiator. . Am Rolling Mills. Am Safety Raz t5% Am Seating. Am th'fl\ldx (%) Am Smelt & Ref. Am S&R 6% pfi7'4 Am S&M 7% pf (7). Am Snuff (1314)... Am Snuff pf (6). Am Steel Foundry . Am Stl kdr\ pf(2). Am Sugar (2). » Am Sugar pf (7).e0 Am Sum Tob (1), Am Tel & Tel (9) Am Tohacceo (3). Am Tobacco B (5).. Am Tobacco pf (6). Am Wat Wks (80¢) Am Wat W 1st (6). Am Woolen Am Woolen pf. S« Am Writ Paper 21, Am Writ Pap pf (k) Am Zinc & Lead... Anaconda Chl)l’?r Anchor Cap (60c) .. Anchor Cap pf(62) Andes Copper...... Archer-Dan M 11%. Archer-Dan pt (7). Armour of [llinois. Armour 11l pr of (6) Arnold Constable. . Asso Dry Goods. . .. Asso DG 18t pf(j6) Atch To&S F (h2 Atch To&S F pf (5) Atlantic Coast Line Atlantic Ref (1)... Atlas Powder (2). . 4 Atlas Powder pf (6) 15 Auburn Auto... 3 Aviation Corp Del.. 1'; Baldwin Loco (k). . 713 Baldwin Loco pf (k) T1; Baltimore & Ohio. . 91, Baltimore & Ohio pt 321, Barker Brothers pf. 5% Barnsdall Corp.... 371, Bayuk Cigar (b4).. 15% Beatrice Cre (a50c) Beldinz-Hem(ai0c) Belg Nat pt pf (7.02 Bendix Aviation. Beneficial Loan !‘a Best & Co (2). . Bethlehem §t!el Bigelow-San Corp. . Blaw-Knox..... Blumenthal pf. Boeling Airplan: Bohn Alum&Br (3). Bon Ami (A)(+5) Borden Co (1.60) Borz Warner (113 Boston & Maine. . Bridgp't Brassallc 4 Briggs Mg (2).... Briggs & Strat (3). Bristol-Myers 12.40 Bklyn-Man Tr (3).. Bklyn Union Gas(5) Bucyrus Erie. ... ... Eriecv Df Erie pf (2) 100 11% 154 34 21% 148 98, 28 21 Bullard Co. Burns Bros pf.... 13% Burr Add M (60c).. 1'« Butte Copper & Zinc 11% Byers (A M).. . 32 Bvers (A M) pf 3 —_— 361, California Pk (112 1, Call’h'n Zinc ex-rts 21; Calumet & Hecla. . 713 Campbell-Wy (a20¢) 8%, Can Dry G A (40c). 50 Canada Southn (3). 9% Canadian Pacific... 30% Cannon Mills (2)... 4% Capital Admin (A). 321, Cap Adm pf A (3).. 102; 45% Case (J 1) Co.. 8315 Case (JI) DL (4)... 3614 Caterpillar Trac(1) 19% Celanese Corp. 1% Celotex Co (k). 11% Celotex Co pf (k).. 224 Cent Aguire (112).. €15 Century Rib Mills. . 96% Century R M pf (7) 38, Cerro de Pasco (2). 2% Certain-Teed Prod. 374 Ches & Ohio (2.80). 36 Chesap Corp (3)... 1% Chi & Eastn 111 (k). 15 Chi Gt Westn pf(K) 1 ChiInd& Lou pf (k) % Chi MIlISLP&P... % Chi Mil St P& P pf. 2% Chi & Northwest. .. 4% Chi & Northwest nf 4% Chi Pneumatic Tool 20 Chi Pneu Tool pf.. 1 ChiRI&P (k).... 1% Chi R I&P 6% pf(k) 1% Chi R 1&P 7% pf(k) 314 Childs Co. ... 9 Chile Copper 31 Chrysler Corp 20 City Ice & Fuel (2). /7 City Ice& F pf 6%. 161% Coca-Cola 8). ... 164 Colgate-P-P (506) 101 Col=ate-P-P pf (8). 4 Collins & Aikman. . 69% Collins & Aik pf (7) 5 ColoF & I pf (K).. 3008 1% 1 3%, 1 26% 26 19 145% 141 2 1238 1244 25 1H 1 2 1 46 8 7 20 [ (] 3 1 2 9 9 208 o Bruesomsamxmma B 116 1374 137% 72 TN 137 137 14y 13y 941y 93 624 137 22 1M1% 11y 83% 139 118 631y k< SEE FyErr P T T TS 24ty aTie o — 110 1107 20 s 110 204 4 13 8 118, 13% 35 108 13 5 29 1 3 24 3 5 & FEP EFOFL U 3 FOF O FIELEEF & Th 100 100ty 60% 61 43 424 41y .7'- 100', 6 F& 7 Colo & South 1st pf. 200 I% Col Gas & Elec..... 35% ColG& Epf A (6). 4% Colum Pic vte (m1) 67 Colum Carbon (4).. 3912 Comcl Credit (2)... 5213 Comcl Credit(A)(3) 29 Comcl Cred pf (1%) 29% Comel Credit(B)(2) 564 Comcl Inv Tr 2% . 17% Comel Solv (185¢c). % Comw-& Southn... 29'% Comw & Sou pf (3). 27 Congoleum-N (1.60) 23% ConmRy & Lt (4%) 7 Consol Cigar. .- 4% Consol Film. . 15% Consol Film pf (j2) 15% Consol Gas N Y (1) 724 Consol Gas of (5 1% Consol Laundries. . 615 Consol Oil......... 1081 Consol Ofl pf (8)... 214 Consol R R Cuba pt 14 Consol Textile . 95 Container Corp (A) 3% Container Corp (B) 4% Contl Baking (A).. % Contl Baking (B).. 62% Contl Can (2.40)... 7 Contl Dia F (al5e) 28% Contl Insur (11:38 & Contl Motors. . 18% Contl O Del ul‘l.. = 60s 31% lll‘a 109% Comel Cr 1st pf 6% 230 1:5“ th lll% + % 108 10 33 3% - U 60y —1% 204 — % 1% A1% 321 33% 4+ U ™+ W 5 +% 80‘\- 17 108 19 [ i 1934 high . 1934 low . 1932 low .... 1929 high 1927 low . e e — 2:30 p.m, Hish. Low. Close. Chge. Prev. 1935 Stock and Bales— High. Low Dividend Rate. 48% 41% Corn Ex BK&Tr (3) 6F% 62 Corn Prod Ref (3). 161 149 Corn Prod pf (7)... 3 35% Cream of Wht t23 . 124 Crosley Radio. 23% CrownC & S ( 3% Crown-Zellerba. 40+ 20 2 7 2 2 1 2 5% Cuban-Am Sugar. 2 40%; Cuban-Am Sug pf 16 Curtis Publishing.. 893 Curtis Pubpf (7).. 2 Curtiss Wright.... 6% Curtiss Wright (A) 73 Cushmans pf (7)... 20': 16 Cutler Hammer . ———— 31 - 224 Deere & Co 231 19 Deere & Co pf(j40c) 43 23% Delaware & Hudson 11 Del Lack & West. 2615 Diamond M (t135) . 34% Diamo'd M pf +1.70, 34' Dome Mines (4)... 8% Dominion Str(1.20 17% Douglas Aircraft. . 1815 Dresser Mg A h11s X6% Du Pont de N (2.60) 1124 104 Dugquesne Lt 1st (5) 8 8% Eastern Roll Mill 1415 110% Eastman Kod (5). 155 141 Eastman Kod pf ( 20% 16% Faton Mfg (1). 29 19y F‘Itclrlc Auto Lite 1008 4 (] 30 [ 8% 2 1% Elec Pwr & Lizght.. 215 Elec Pwr&Lt 36 pf. 3 Elec Pwr&Lt $7 pf. 39 Elec Stor Bat (215) 1% Elk Horn Coal (k). 528 Endicott-John*(3).. 14 Eng PubSic $5 pf. 14': Eng P S $550 pf ww 15'3 Eng Pub Sve u pl Tis Erie R R 101; Eureka Vac [ % Fairbanks Co. 4 Fairbanks Co pf 25% 17 Fairbanks-Mors 711 Fairbanks-Mrs of. . 40 Fed Min & Smelter. 54 Fed Min & Smelt pf 3% Fed Motor Truck. .. s Fed Water Sve (A) 28Y% Fid Ph F Ins(11.35 106's Filene'sS pf (6%).. 31, Firestone (40¢). ... 46 First Nat Strs(213) Food Mach (1). Foster-\Wheeler 26 Foster-Wheeler pf. 200« Foundation Co. . 4 198, Fourth Nat In h! | g Fox Film (A)...... 15 30% Franklin Simon pf. 10s 17% Freeport-Texas (1) 10 —— 2 1 Gabriel Co (A). T8 515 Gen Am Investor 88 84% Gen Am Inpf ww 6. 38% 32% Gen Am Trans(1%) 18% 11% Gen Asphalt. = 9% Th Gen Baking (60¢) 125 115 Gen Baking pf (8). 7! 5% Gen Bronze. 2 GenCable 4 Gen Cable (A) 19 GenCablepf....... 20% Gen Electric (60¢c). 324 Gen Foods (180)... 4 Gen Gas& El (A). 10 Gen G&E 6%cev Dl’ A 9% Gen Mills ¢3). . 116 Gen Mills pt (8) 268, Gen Motors (1) 107" Gen Motors pf ¢5). 17% Gen Print Ink(1.20) 210= 931, Gen Print Ink pf (6, 808 11 Gen Public Service. 2 15% Gen Ry Signal (1). 2 80 Gen Ry Signal pf(6, 10s % Gen Realty & Util 2 16% Gen Refractories. 164 Gen Refrac ctfs.. 12 Gillett Saf Raz (1). 704 Gillett Stf R pf (5). 2%» Gimbel Bros. .. 18 Gimbel Bros pf. . 23% Glidden Co (11.30). 241y 108 1 1 [ 1 11 Add 00. 4 4% AT 161 37 16% 28% 3% 19 6% 1047 Glidden Co pr pf (T) 30- 4 213 Gobel (Adolf). 147 Gold Dust (1 20) T Goodrich (B F) 40 Goodrich (B F 154 Goodyear T& R.... 70 Goodvear $7 pf (4). 213 Gotham Silk Hose., 13 Graham-Paige. 5% Granby Consol. 24 Grand Unfon... 17 Grand Union pf 1% 26 Grant (W T)(t1%) 982 Great Northern pf. IZ'A 9% Great Nor Ore (50¢) 31% 26% Grt West Sug (2.40) lal 119 Grt West Sug pf(7) 6 4 Gulf Mobile & 15 6 Gulf Mobile & — 6% 3% Hahn Dept Stor 55 Hahn Dpt Stores pf 4 Hall W F Printing. 6% Hamilton Watch... 63 Hamilton Watck pf 508 16 Harb Walker (1)... 9 5% Hat Corp (A).. 2 308 3 57 7 40 308 1 . 17% 81 HatCpfww (6%). 1% Hayes Body. . . 11 Hercules Mot (60e) 71 Hercules Pw (13%) 127'3 122 Hercules P pf (7 81%, 173% Hershey Choe (3) | 11415104 Hershey C pf (15).. Y% o% Holland Furnace. .. 11 6% Holland & Son (50c) 391% 338 Homestake M (136) 404 30% Hqud-Hirsh A(2%) 14% 6% Houdaille-Hersh B. 17% 9% Houston Oil....... 3% 1% Houston Oil (new). 55% 43 Howe Sound (3)... 12% 6% Hudson Motor Car. 3% % Hupp Motors 17% 9% Illinois Centra 33 24% Indus Rayon (1. 75% 60% Ingersoll-Rand (2). 6% 46% Inland Steel (1).... 3% 2% Inspiration Copper. 3 1% Intercontl Rubber.. 1 4% Interlake Iron. 5 2% Int Agriculture 175 149% Int Bus Mach (p6). 3% Int Carriers Ltd 20e 22% Int Cement (1). 341 Int Harvester (60c) 1% Int Hydro Elec (A). 2% Int Merch Marine.. 221 ot Nick Can (60e). 1% Int Paper & Pw (A) % Int Paper & Pw (B) 14 Int Paper & Pw (C) 43 Int Paper & Pw pf.. 211 Int Print Ink (1)... 10% Int RysCent Ampf 10s 3% Int Rys C A(A)ctfs lo; 60% Int Silver pf (4). 5% Int Tel& Tel....... 9 Interstate Dept Strs 6% Intertype Corp. 29 Island Creek C ( 57 49 Jewel Tea (3) 57% 38% Johns-Manville 125 117% Johns-Manv pf ( (1) 50 Jones&Laugh 7%pf 6% Kans City South pf T% Kaufm'n D S{(a40c) 16% Kayser(J)& Co 50e. % Kelly-Spring T (k). 6 Kelsey-Hayes (A). 3% Kelsey-Hayes (B). 14% Kelvinator (70c).. 13 84 ' Kendall Copf 16.38 10s 13% Kennecott C (§0e). 10." Kimberly-Clar! 3 Kinney (G R) Co 28 Kinney (GR)Ce 13% NW' 43% - % & FEFEE P - o =1s Sres FEF P FFIE FEFFEPEE 67%— Wi 9% - % 10% + % 18% [ 12 10% o 12% 8% Lee Rub&Tire (50c) 99 89% Leh Port Cpf (3%) 2% 1% Lehigh Valley Coal. 12% 6% Lehigh Val Coal pf. 5 Lehigh Valley RR. 67% Lehman C (12.65).. 141 Lehn & Fink (1%4). 21% Lib-O-Ford G11.20, 21 Life Saver (1.60).. 94Y Ligg & Myers (15) . v 9% Ligg & Myers B(15) 166 151'3 Ligg & Myers pf (7) 19% 167 Lily Tulip Cup(1z) 241 13% Lima Locomotive 17 Link Belt (60c). 24% Liquid Carb (11%). 1% Loew's Inc (2)..... 1081 102 Loew's Inc pf (65) 1 Loftinc......... 1% Long Bell Lum (A) Loose-Wiles (2). 21%, 18% Lorillard P ('2.20). 139 124 Lorillard P pf (7).. 1% % Louisiana Oil...... 14% T4 Louisiana Oil pf 16% 10% Louisv G&E(A)1 47% 34 Louisv& Nashv(3) 18% 12% Ludlum Steel. . 9% 9874 1% 6% T 74 s 5 - Pomamn~ [ > BANE —E N S ae e DS S 40 MacAndrew & F (13 28 McCall Corp (2)... T% McCrory Strs A (k) 614 McCrory Strs B (k) 263 Mclintyre Porcu (2) 9013 McKeesport T P (4) 6% McKesson & Rob. .. 35Y% McKesson & Rob pf /15 McLellan Stores (k) 20% Mack Truck (1) 301 Macy (1t H)& Co(2) 5'3 Madison Sq Garden. .\ Magma Copver (2). Mallison & Co Manati Sugar pf (k) Marine Midld (40¢) Market St Ry pr pf. Marlin-Rockwell(2) Marshall Field. .. Mathieson Alk(115) May Dept Str (1. sun Maytag Co..... Maytag pf ww aytag 1st pf (6) Melville Shoe(f2 Mengel Co. . sta Mach M-G-M Pic pf (1.89) 4 Miami Copper.. ... Mid-Cont et alie. Midland Steel Prod ., MiAl'd Stl 1st pf(8) Minn-Hon R (1212) FELES ¥ Minn Moline Pow. . Minn Moline Pow pt Minn & St L (k).... MStP&SSMopf., Mission Corp... ... Mo Kans & Texas., Mo Kans & Tex pf.. Mo Pacific (k)..... Mo Pacific pf (k) Mohawk C M ( Monsanto C (1).. Montgomery Ward. Morris& Essex (3 .) Mother Lode. . c) Motor Wheel Mulline Mfg pf. \hmsmcu-ar Inc.. Murray Myer(F Nat Dept ‘Store (k). " \‘at Dept S 1st pf(k tillers (2). \V|\K1h|P at Powr & Lt (80c at Ry Mex 1st pf. at Ry Mex 24 pf.. at Steel (1115)... at Supply Co..... at Supply Co pf.. at Tea (60c). ewberry (J 1) 160 ewport Industries Y Cenral RR... ¥ Chi & St Lp nvestors (k).. ¥ N H & Hartfore Y N H & Hertpt. ¢ Ontario & West ' Shiphui'ding .. ¥ Shipbldz pf (7) Steam pf (6).. 90 N Y Steam 1st (7) 304 Noranda Mines ¢ orth Ger Lloyd orth Am Aviation. orth Am €0 (1) orth Am Co pf f0e 1008 0= ES AR ++1 124 4% 26 15% 9Y% Ohio Oil (h45e).... 1% Oliver Farm Equip. 1.8 OliverFEprpf A.. 114 Otis Elevator (6v¢) 4l Otis 22%, Otix S 3% Outlet Co ( %0 Owens-111 ¢ 313 Pacific Coa 13 Pacific G & Pacific Tel Packard Motor. ... Par-Public ctis (k) Park Utah. . Penney (J C)(2)... Penney (J C)pf(6). Penn Coal & Coke. . Penn Dixie Cement. Penn Dixie C pf(A) PennRR(1)...... Peoples Drug S (1). Teoples DS pf 612, Peoples Gas Chi... Pere Marq pr pf Petrol Corp (hi Phelps Dodze (h Prila & Read C& 1. Philip Morris (1).. Phillips Petrol (1). Pierce Ol Pierce Petroleum.. Pillsbury Flour 1.60 Pirelli (A) (a3.84). 7 Pitts Coal 514 Pitts Screw & Bolt. 22% Pitts Steel pf...... 6% Plymouth Oil (1).. 6% Poor & Co (B)..... % Porto R Am Tob B. 84 Postal Tel & Ca pf. 1% Pressed Steel C (k) 42% Proc & Gamb (1%2). 120% 115 Proc & Gam pf (5). 30!y 20% Pub Sve N J (2.80). 5% 62% Pub Sve NJ pf (5). 97% 73 PubSve NJ pf (6). 52' 38'% Pullman Inc (3) 7% 5% PureOil... 61'% 49% Pure Oil pf 11% 8% Purity Baker! 32 10% 18% 4 46% 19% L 1% 231, 1 6% 105 35 5% 4 Radio Corporation. 50 Radio Corppf A3% 35% RadioCorppt B .. 1% Radio-Keith-Or (k) 16'4 Raybestos-Man (1) 29% Reading (2)...... 36 Reading 1st pf (2). 33 Reading 2d pf (2).. 3% Real Silk Hoslery.. 1 Rels (Robert). 8 Reis (Robt.) 1! 8 Remington-Rand. 2% Reo Motor Car 9 Republic Steel 28% Republic Steel pf.. - ] T 40% 39% | cash 51% 43% Reynolds TobB (3) 30 48% 46 374 Safeway Stores (3) 11 41w 110 104% Safeway Strspf (6) 90s 10915 114 110 Safeway Strspf (7) 1508 112% 17% 10% St Joseph Ld (40c). 14 17% 213 1 StL-SanFrpf(k). 1 14 8% 22 Schenley Distillers. 57 24% ‘4 1% Schulte Retail Strs. 2 2% 20% 8 Schulte RStrspf.. 20s 10% 56 - Scott Paper (1.70). 208 60 % Seaboard Air L (k). 20% Seab'd Oil Del (t1). 3% Seagrave Corp 31 Sears Roeb’k (7 40 Sec Nat Inv pf (j2). % Servel Inc. 3% Sharp & Dohme 44’ Sharp & D pf (3 7% Shattuck (F G) 25c. 513 Shell Union Ofl.... 63« Shell Union Oil pf.. 8% Silver King C (40c) 6 Simmons Co 1314 Simms Petrol (1) 6% Skelly Oil.... 13 Sloss-Sheffield. 24 Sloss-Sheffield pf. 16!6 Snider Packing. Socony-Vac (60c). 20 Sou Porto R Sug (2) 10% South Cal Ed (13%). 12% Southern Pacific. .. Southern Railway.. 26 Southern Rwy pf.. 8 Spang Chalf pf (j1) 280s Sparks-Withington Sperry Corp (%5c).. Spicer Mg pf (3) Spiegel-May-Stern. Stand Brands (1).. Stand Com Tobacco Stand Gas & Elec. . Stand G & 34 pf.. Stand G & E 87 pf.. Stand Oil of Cal (1) Stand Oil of Ind (1) Stand Oil of Kan (2 Stand Oil N J(11%) Starrett (L 25 Sterling I Sterling Secur (A). Stewart-Warner. Stone & Webster. rdebaker (new} . 601, Sun Oil ($1). 1% Superior Ofl 484 48K + % 40% 40% -1% 109% 109% 112 112 18% 16% — % 1% 1% 23% 2% - % - % = % -1 B % + W 2915 37 408 508 9 107 11 19 70 4 Tennessee Corp.... 16'; Texas Corp (1) 8% Texas Gulf Sul . 31, Tex Pac Coal & Oil. R'3 Tex Pac Land Trust 15% Thatcher \H‘;.u" 5% The Fair. 213 Thermoid Co. 16 Third Nat Inv hf5e, 5% Thomp'n(JR)(50¢). 134 Thompson Products 15, Thompson Starrett. T Tide Wat Ass=o Oil. R4 Tide Wat A O pf(6) 100 Tide Wat Oil pf (5) 4% Timken-Detroit 28% Timken R B (1) 4% Transamerica ( Ty Trans & West'n Air 17 Tri-Contl Co! 36 Trico Prod (2 Und-Ell Un Carb&C 1.60 Un Oil of Cal (1) Un Pacifie (6). . Un Pacific pf (4). United Aircraft United Air L vte. United Am Bosch United Bise (1.60). United Bise pf (7) United Carbon 2.40. United Corp. . United Corp pf (3). United Druz. United Dyewood. United Fruit (3)... United Gas Imp (1) United Gas 1 pf (3). United Pce D W United Pes D W S Dixtributi RSN R 3 :(—4;——(-'—-1——-‘———-— <mkRph!‘1) S Steel S Steel p. U S Tobacco pf (7). United Stores (A).. Univ Pie 1st pt Univ Pipe & Rad... Univ Pipe & Rad pt Ttil Pwr & Lt (A). 149"¢ 31, 3612 403, 'z Vadsco Sales Corp. 19t Vadsco Sales pf 111, Vanadium Corp 341 Vick Chem ( 2's Va-Car Chemical.. 18 Va-Car Chem 6% pf 7213 Va EI & Pw pf (6).. 631; Vulcan Detin (a4). 508 08 1% 20 1 1t 2 Walworth Cq Ward Baking (B) Warner Bros Pic. .. Warner Bros Pic pf Warner-Quinlan. .. Warren Bros Warren Bros cv pf. Warren Fdy&P (2 Webster Eiseniohr. 1 WessonO & S t1%. 1 WessonO&Spfd.. 1 West Pa Elec (1) A 40s West Pa ¢ pf (6) 608 West Pa Elec pf (T) 108 West Pa Pw pf (6). 7608 West Pa Pw pf (7). 308 Western Dairy pf B 1 Western Maryland. 10 Western Md 2d pf Western Pacific Western Pacific Western Union. We: Westingh'se Elec. . Westh'se 1st pf 313 Weston Elec Inst. . Weston Elec A (2). Westvaco Chi (40c) Wheeling Steel.... Wheel Stl pf (j50¢) White Motor. .. White R’k M S 1. UJ. White Sewing Mch. Wilson & Coal2ize Wilson & Co pf (§). Woolworth (2.40).. Worthington Pump 253 Worth Pump pf A. . 35' Wright Aero....... 73% Wrigley W jrif313) 1la | — 110 17y 'y Eon 117% 3 % 8 107 > n u 508 T4+ 44404 1 & 2% Yellow Truck 34"y Yellow Truck pf... 18 YounsSp& W t1% 13 Youngstown S&T.. 34— 1 .’ul. - 1% 20 215 1% Zenith Radlo. 4% 3 Zonite Produc Approximate Sales of Stocks on the N. Y. Stock Exchange. | .140.000 12:00 Noon .., 920,000 2:00 P.M Dividend rates ll ®iven In lh. above t pavments based on the ‘qua; deciarations 20nit of trading less than 100 sha 9% ock aid 1ast year—no reg: 1 Plu l lflfl: ial pre! this year. ) Accumulated recelvership or being reor- us 3% in stoek. D Plus 2% ‘e the annual 17 ‘or half-yearly 1Partly extra. 1Pius b Payable in .wck, Favavle in castr o stock % Plus 4% in stock s Paid &iofdenct * com nnm reported in ‘anized. m Ploe. 8% in atock. B Pl 2 stock. % Ex-dividend NATIONAL INVESTORS DIVIDENDS ARE VOTED By the Associated Press. 1934. AL LR Investors' Corp. & Investment Trust has declared a dividend of $4 on the preferred stock on account of dividend arrears, | Dividends were declared by its| affiliated companies as follows: Second | National Investors’ Corp., §1.25 on the Store Age, which but that other behind. 1934; Fourth National Investors’ Corp., | 60 cents on the common, against a \ previous payment of 40 cents on July 1, | All the dividends are payable May 14 NEW YORK, April 26—National | to stock of record May 7. CHAIN ACTIVITY LAGS NEW YORK, April 26 (®). -—"muu planned by the Port Development activity in the chain store field in Commission, March proceeded at a somewhat lub-( dued pace, according to the Chain BALTIMORE MAY PUSH ' LATIN AMERICAN TRADE Special Dispatch to The Star. BALTIMORE, April 26.—The es- tablishment of a regular passenger and freight service between Baltimore and South and Central ‘America is This became known when the com- mission recommended the city appro- says apparel and | priate $110,000 to rebuild ‘Pler No. 1 shoe groups reported slight gains over | at Pratt Street Wharf. their respective February showings.| The pier, an old wooden one, is under lease to the United Fruit groups fell | now l Mmmfl‘flmt% r [} ~ | sponsible 5| 821 + 13| Metals Lose Some of Rise. Other Groups Decline on Profit Taking. BY VICTOR EUBANK, Associated Press Financial Writer, NEW YORK, April 26 —While some of the mining issues lost their buoy- ancy today, when the Treasury failed to make another advance in world silver prices, they still formed the best group in the stock market. Else- where there were a number of de- clines on profit-taking. Silver King held a gain of more than 2 points, and American Smelt- ing, Cerro de Pasco, Alaska Juneau, Mclntyre Porcupine and Park Utah, although paring early advances, were fractionally to a point higher. Amer- ican Telephone was an isolated firm spot, along with Amerada and East- man Kodak. Coca-Cola lost 4 points, and United States Steel, General Mo- tors, Chrysler, Schenley, American Can and Celeanese were moderately lower, ‘The late tone was irregular. Trans- fers approximately 1,300.000 shares. Shares of Silver King were an especially stronz spot with a gain of 3 points. Eastman Kodak was up as much Others, fractionally to a point or more ahead, included U. 8. Smelting, Howe Sound, American Smelting, Park Utah, Anaconda, American Telephone. General Elec- tric, StandardOils of California and New Jersey and Amerada. Coca-Cola lost 4 points. States Steel, Case, Chrysler. General Motors, American Can, Celanese, Du Pont, Consolidated Gas. National Dis- tillers and Schenley drifted lower. ‘The rails slipped a shade in either direction. Brokerage commentators were still bullish on stocks, as & whole, but the recent sharp upturn in mining issues brought some cautionary advices from these quarters. It was pointed out that the maximum benefits of boom- United | ing silver prices can be realized only by a few companies until such a time as the production of copper. lead and zinc increases. In many mines silver is a by-product of these metals. 'NIAGARA SHARE CORP. SHOWS LOWER ASSETS | Special Dispatch to The Star. NEW YORK, April 26—Niagara ! Shere Corp. of Maryland and sub- 1, | sidiary companies report net assets as of March 31. 1935. equivalent to $2.285 for each $1,000 debenture $491.60 for each share of class A preferred stock and $7.90 for each share of class B common stock ‘This compares with net assets on December 31 equivalent to $2.291 for each $1.000 debenture, $504 for each share of class A preferred stock and $8.15 for each share of class B com- mon stock. The consolidated balance sheet ac of March 31 shows investments with an indicated value of $26.820,346. compared with $27.364.720 at the end of last yeer. By the Associated Press. CHICAGO. April 26.—Dollar quota- tions for wheat in Chicago reap- peared late today following a 4-cent bulge of prices at Minneapolis. For the first time in several weeks inflation talk came to the front today as a major market factor. Mean- 1 while, buying for mills and elevators presumably against enlarged demand for flour, was reported here as re- to a notable degree for soaring of wheat prices at Minne- apolis. Wheat closed stron yesterday's finish, 1.00%a%: corn 7g-133 up. May, 89a89's; oat: 1 to 13, advanced and provisions ‘\'fll‘_\'lnfl from 2 cents decline to 7 | cents gain. 2'g-25. above Low. Close Juiy Septembe; BELLIES— May Jul 16.65 2 STETE el Chicago Cash Market. ‘Wheat, No. 3, red, 1.00; No. 1, hard, 1.08% ; No. 3, mixed, 1.04: corn, old, No. 1, yellow, 92 new, No. 2, mixed, 89'3; No. 2, yellow, 89':a91: oats, No. | 3, white, 49a51; No. 4, white, 49; no I rye: barley feed, 50a70: malting, 70a 1.05; timothy seed, 15.00a17.50 hun- dredweight; clover seed, 1$.00a18.00 | hundredweight. Baltimore Quotations. BALTIMORE. April 26 (M (Close) - | Wheat. No. 2."red Winier. garlicky, spot domestic. 1.0012; April. 1.00%2. Liverpool Grain Prices. LIVERPOOL. Avril 26 (P.—Wheat fu- tures closed firm touE TS ous tober o B Exchanige, 4 807 York Cotton . « | By the Associated Press. NEW YORK, April 26.—Cotton ad- vanced to new high ground for the | movement today on foreign buying | prompted by the advance in bar silver, Trading was only moderately active, with some profit-taking appearing on the advances. July sold up from 11.76 | to 11.86 and during the middle of the afternoon prices were 7 to 10 points net higher, or within a few points of the best for the day so far. After selling off to within 2 to 4 points of the previous close prices turned steadier toward midday. The advance in silver prompted renewed buying and July recovered from 11.76 to 11.84 with the general market at midday about 5 to 11 points net higher. | Liverpool Quotations. LIVERPOOL, April 26 _(#.—Colton. 21.000 bales.” including” 200 American Spot moderate business done: Drices i points higher. ~ Quotations in American strici good middling, 7 middiing. 2 08: strict miadin dlin, st 10w midain fow “imidalins. strict good ordin 1R KR, ?ulure& rlnbs:d ' Decem January, 6.20: Maren, ST . 125 TONS OF LEAD SOLD. NEW YORK, April 26 (#).—The 8t. Joseph Lead Co. reports that 125 tons of pig lead from Southeast Mis- souri mines were sold yesterday at $3.60 per hundred pounds St. Louis. Al