Evening Star Newspaper, May 10, 1935, Page 18

18 *x# FINANCIAL. THE EVENING STAR,” WASHINGTON, D. C, FRIDAY, MAY 10, 1935, : FLEMNGPLACES TRANSACTIONS ON THE NEW YORK STOCK EXCHANG ESTUCKSEFRN STRESS ONLOANS R AT SESSION'S END Compiled by the Associated Press. Indust. Ratls DUl Stoo, STy i Banks Can Lift Earnings : Spirited Rally in Utilities and Assist Recovery, Pushes Market Ahead He Declares. Despite Realizing. Stock and Stock and Net. Dividend Rate. Adfl 00. High. Low. Close, Chie. 20% Real Silk Hos pf... 40s 27T +1% 8 Remington-Rand., 13 9 71% Remington-R 1st pf 92 92 92 -1 70 Remington-R 2d pf. 89y 88 88 — 2% Reo Motor Car. 4 & 4 -y 9 Republic Steel. 131 13% 13 28% Republic Steel pf. A4y AT A% s £8 Fepublic Stl pf 3t 44% 3% 4dn 4 % 75 RevereC&BOf.... SR, BR 8RR 41 17'4 Reynolds Metals(1) 208, 20% + Y% 12 Reynolds Spr (40c) 174 1T% + 43% Reynolds Tob B (3) 49%, 49 % 5% TRitter Dental 7 3 % 21% Roan Antelope L 2915 Roy'l D h1.35 3-10 —_— 46 37y Safeway Stores (3) 12 40 110 104% Safeway Strs pf (6) 180s 110 114 110 Safeway Strspf (7) 10s 1128 17% 10% St Joseph Ld (40c). 39 16% 2% 1 StL-SanFrpf (k). 9 1% 281 Schenley Distillers. 21 24% Schulte Retafl Strs. 2 Schulte R Strsot.. Scoit Paper (1.70). Seaboard Afr L (k). Seab’d Oil Del (t1). Rears Roeb’k l75c). Servel Ine Sharon Steel Hoop. Sharp & Dohme. Sharp & D of (3%). % Shattnck (F G) 25¢. Shell Tnion O11 Shell Union O11 Silver King C (40¢) Simmons Co. Simms Petrol (1) Skelly Oil. Sloss-Shefeld. Sloss-Sheffield pf.. 100s Snider Packing. 7R Socony-Vac (f0e) Sol Am Tnv nf(5%) Sou Porto R Suz (2} South Cal B (13). Southern Pacific. .. Southern Raflway. . Sonthern Rwv pf Spalding (AG).... Spang Chalf pf (§1) 410s Sparks-Withington 5 Spener Kellozz 1.60 2 Sperrv Corp (%Gc).. 72 Spicer Mg pf (3).. 40s Spiegel-Mav-Stern. Stand Brands (1) Stand Gas & Elee Stand G & K $4 pf Stand G & F $6 pf Stand G & E $7 pf Stand Inv Corp. ... Stand Oil of Cal (1) Stand 0il Exp pf(5) Stand Oil of Ind (1) Stand Oil N By private wire direct to The Star. . 1935 Stock and Bales— qfl'n'.' Low. Dividend Rate. Add 00. High. 7% 4% Adams Expre .3 89% 84% Adams Expr pf (E). 331; 281 Adams Millis (2).. 113 8 Addressograph. 8% 415 Advance Rumle 8% 6% Affiliated Prod (6 1254 104% Air Reduction (3) 201 15% Alaska Jun (11.20 T4 % Alleg Corp (k). 7 w Alieg pf w§30w (k). 6% IM Alleg pf xw (k).. 26% Allegheny Stl (1) 1471, l"fi Allied Chem (6).... 12719 122'. Allied Chem pf (7). 1914 Allis-Chalmers.... Prev. 1035 Low. Divigend Rate. 44400, Hish. Low. Close. Cnge. High. W% Interstate Dept Strs 3 9% 9% 9% + % M P 9+ % 29% 20% 20% + % 49 Jewel Tea (3). Ik Seu B +1% 57% 3815 Johns-Manville 36 51% 504 50% + 125 117% Johns-Manv pf ((7) 220 124 = 1233 + 73 50 Jones&Laugh 7%pf 708 584 57% b57% — 118 115% Kan C P&L Istpf 6. 10s 119% 8% s City Southern 1 (3 13% ns City South pf. 1 815 10% 7' Kaufm'n D S(a40c) 10% 20% 15% Kayser(J)& Co 50c. 19% % Kelly-Spring T (k). [ 6 Kelly-Spr T 6% pf. ™ ey-Hayes (A). 144 13 y-Hayes (B 204 Alpha Port Cmt (1) 1929 s W 145 Kelvinator (170c).’ 164 18% Amal Leather 1927 61.8 618 13% Kennecott C (60c). 19% ::!Ar.d(!e?:rl")‘o:(,;i' 5t 3 Kinney (G R) Co... 4 3% s B“ P 23 Kinney (G R) Copt ssn. 31 26% m Ban . 19% Kresge (SS)(1)... 13 21%, 106 Am Bank N pf ( 1508 nx 103 Kres < % ge (SS) pf (1) 208 ws Am Brake Sh (185¢) 4 Hish Lo e Dituendeia oger Gr&Bk 1.60. 18 24%. 24% 173 Am Brake Sh pf(7). 20s 4% 2% Consol R R Cuba pt AmCan (15)... ... 54 123 1% % Consol Textile..... 12 Laclede Gas St L 19%, Am Car & Foundry. 13 13% 9% Con 19% Laclede Gas pf.. 30 30 Am Car & Found pf. 5% 3% Container Corp (B) 24 Lambert Co (3).... 26% 26'% e ) 64 4% Contl Baking (A).. % Lee Rub&Tire (50c) 10 9% Am Chain pf 1 % Contl Baking (B).. 513 Lehigh Val Coal pf. 6's 64 5 Lehigh Valley R R. T% % 16'% +.4 =1 +.3 58.0 213 415 576 214 412 52.8 211 38.1 “50.5 312 40.7 580 276 416 348 514 349 16.9 Net change ..... Today's close . Previous day Month ago . Year ago .. 1935 1935 1934 1934 1932 203, 26% 36% “ + ++1 BY EDWARD C. STONE What Stocks Did. In an address before the North Carolina Bankers' _Association at Pinehurst yesterday, Robert V. Flem- ing, president of the Riggs National Bank and first vice president of the American Bankers' Association, urged the banks to make every possible loan to business that can be made with reasonable safety, in order to boost recovery and at the same time in- crease earnings for these institutions. He suggested that while bank deposits now have mounted almost to the figures attained before the depression, it would be well to make longer term Ioans than has been customary in the past. The Washington banker added: “As the Government's relief pro- gram expands, it seems to me that we can look forward to our deposits increasing even over their present peak, and should there be an accom- panying increase in business activity and a demand for loans, deposits will reach even higher levels. Hence, I do not think we need fear, for the present at least, any decline in de- posits. “We must realize that while v.he‘l Government can help by directing some measures for relief and recovery, we must help ourselves by doing our | share to give impetus to the Gov- ernment’s efforts. We have the same country, the same factories, and ®s: sentially the same people, we had prior to the depression, and business must step forward if real recovery is to be achieved. “The theory that we so often hear expressed that banks create business activity, is wrong. Banking can only make a secondary contribution to business activity. Bankers have the facilities and the desire to extend credit, but business must initiate ac- tivity by seeking the credit which is readily available to all worthy bor- rowers. Let it be said for business, however, I believe business men are 8s anxious as bankers to contribute towards recovery, but I think some of the trouble lies in the fact that ftoo many legislative measures have been proposed for reform which leave an uncertainty in the minds of busi- ness leaders as to their eventual out- | come and effect. Consequentl”, they hesitate to expand until the probable effects of such legislation are known.” In discussing “Legislative Trends.” Mr. Fleming summed up the great amount of work done by A. B. A. of- 3 ficials and other members. He gave 551 the reasons for attacks on certain pro- | 4 visions in the banking act of 1935, e cutlined suggested changes and de-| : Fies voted some time to the increased cost which may be placed on the banks in the operation of the Federal De- posit Insurance Corp. Naturally he gave much of his address to the sweeping changes proposed for the Federal Reserve System. Mr. Fleming believes that the Sen- ate bill will differ from the House bill which was passed yesterday. This means that conferees from the two branches will have to seek to reconcile the differences. In the meantime the A. B. A. leaders will exert every ef- fort to get their suggested amend- ments adopted. “We are endeavoring | to protect the interests of our mem- bers and at the same time do what is best for the national welfare,” Mr. | Fleming asserted. Institute Officers Elected. As predicted, J. Earle McGeary of | ‘W. B. Hibbs & Co. was elected pres- ident of the Washington Chapter, American Institute of Banking, at the &nnual election yesterday. For some of the other offices there were close contests, resulting as follo Paul J. Seltzer, American Security & Trust Co., first vice president; Wil- liam H Laughlin, Washington Loan & Trust Co.. second vice president; Joseph R. Fitzpatrick, Second Na- tional Bank, treasurer; Miss Katherine ‘W. McCalmont, W. B. Hibbs & Co., secretary; Mrs. Myrtle P. Lewis, Lib- erty National Bank, assistant secre- tary; B. Bruce Frantz, American Se- curity & Trust Co,, chief counsel. Four members of the board of gov- ernors were elected as follows: Aubrey O. Dooley, Hamilton National Bank: George E. Earnshaw, National Metro- politan Bank: Miss Constance D. Fogle, Riggs National Bank, and T. Hunton Leith, Security Savings & Commercial Bank. Winthrop G. Batchelder, chairman of Life Insurance week, announced final plans today for the camnpaign which opens next Monday with a meeting at 8:30 o'clock at the Willard 3 Hotel. More than 400 life under- 1% writers in this city are to share in the 1 week's activities. The following com- 5% mittees have been appointed: 10 Publicity—David S. Bethune, local manager of the Equitable Life Insur- ance Society of the United States, chairman; Earle Gawthrop, Equitable; Gordon Edmonds, State Mutual and ‘Ted Cook, Massachusetts Mutual Programs—J. E. McCombs, general agent of the Berkshire Life, chair- man; John P. Lynch, New York Life; Joseph Barbeau, Acacia, and Blanche ‘Weaver, Jefferson Standard. Detailed activities—John McElfresh, general agent of the Connecticut Mu- tual, chairman; Philip Baldwin, North- western Mutual; F. George Clendaniel, Northwestern Mutual, and Harold Kraft, Equitable of New York. Displays—Charles O’Donneli. gen- eral agent of the Minnesota Mutual, chairman; J. B. Cleland, jr.. Penn Mutual; John F. Cremen, Massa- chusetts Mutual, and William G Meirs, Connecticut Mutual. American Stores Sales Gain. Sales of the American Stores Co. for April amounted to $9,256.393, against $9,010,725 in the same month 4% Chi Pneumatic Tool in 1934, an increase of $245,668, or 2.7 20 Chi Pneu Tool'pf.. per cent. For the first four months of 1 1935 sales totaled $38,354,790, a gain of $431,838 over the like period a year ago, or 1.1 per cent. Sales in the previous month were 2 per cent above March. 1934, Capital Traction 5s opened at 98 on the Washington Stock Erchange today and closed at 98! on a $3,500 turn- over. The close was up ' from yes- terday. In the stock division Potomac Electric Power 5'> per cent preferred moved to the extent of 10 shares at 1141, while three 10-share sales were recorded of Capital Transit stock at 1815, unchanged from yesterday. Prac- ticall* no changes were noted in other bid and asked prices. Walter P. Chrysler, president and director of Chrysler Corp., held 149,- 972 shares of that company's com- T ' | Advances Declines Unchanged .. Total issues , BY VICTOR EUBANK, Associated Press Pinancial Writer, * NEW YORK, May 10.—A spirited spurt in the utilities kept the stock market pointed upward today despitd & number of profit-taking flurries, which tended to reduce extreme gains n many instances. Bullish sentiment continued to prevail, however, and the close was firm. Transfers approxi- mated 1,500,000 shares. Rotating advances were the feature of the ssesion. The mining group whae given an early whirl, then allowed o taper off as the power company stocks were taken in hand. While the rails did little, the motors improved as strike settlement hopes were revived Various sugars moved forward when sugar futures reached a new seasonal high. Scattered specialties again were in demand. Grains dipped with reports that the Government’s crop estimates might be unpleasantly surprising. Cotton was a little under water most of the day through realizing, but managed to steady in late trading. Corporate bonds steadied, but U. S. Governments eased. Foreign ex- changes were listless. Shares of American Can got up 3 points and others, up fractions th around 2, included American Teles phone, Consolidated Gas. Peoples Ga§, | Public Service of New Jersey, Ameri- | can Smelting. U. S. Steel, Inlang Steel, Chrysler, Corn Products, Con- tinental Can, Great Western Sugar, American Crystal Sugar, Standard Oils of California and New Jersey, Texas Corp, Pullman and Liggett & Myers “B.” New York Cotton By the Associated Press 4 NEW YORK. May 10.—Cotton re- acted moderately today under hedge selling and realizing. but declines were checked by trade expectations that additional sales of pool cotton would be followed by corresponding pur- | chases of futures. July sold from 1197 to 11.87, but rallied to 11.9¢ Prices at the beginning of the last hour were 6 points net lower to 1 higher. i Prev 1935 8tock and Net. . High. Low. Close. Chge, % %+ % 10 -% ) 66 22% 61y Am Chicle (14). 46'« Contl Baking pf (4) Am Comel Alcohol. 62% Contl Can (2.40). .. 67% Lehman C (12.65).. s Am Crystal Sugar.. T copinDis X (albo) . 14!3 Lenn & Fink (1%). 15% Am r‘m:amunf. 1 28% Contl Insur (11.35). 21% Lib-O-Ford GI 1.20, Am Encaustic. X ContliMotors 21 Life Saver (1.60). . Am European Sec.. 15% Contl O Del ai2ize. 93% Ligg & Myers B(15) e 41% Corn Ex BK&TT (3) 16% Lily Tulip Cup(1%) Am & For Pw pf () 62 Corn Prod Ref (3). 174 Link Belt (60c).... Am & For Pw pf (7) 4% Coty Inc. 2414 Liquid Carb (11%). Am & For Pw 2d pf 86% Cream of 31% Loew's Inc (2)..... Am Hide & Leather 1214 Croaley Radio. . T Toftine. ..o . Am Hide & Lpf.... 233 CrownC &8 (1) 1% Long Bell Lum (A) Am Home Pr (2.40) 43% Crown C&S pf(2.70) 33 Loose-Wiles (2)... Am International. . 315 Crown-Zellerback. . 18'% Lorillard P (12.20). Am La Fran pf (k). 14 Crucible Steel..... % Louisiana Oil. ..... Am Locomotive 1 CubaCo... 714 Louisiana Oil pf.. . Asa Tocemotive 5 CubaRRpf. 104 Louisv GRE(A)1% ¢ Am Mch & Fy (80¢) 5% Cuban-Am Sugar.. 3¢ Louisv & Nashv(3) Am Mach & Metals. 403 Cuban-Am Sug pf.. 128 Ludlum Steel 3 Am Mach & M etf. 40 Cudany Pkg (2%3).. 90t Ludlum Stl of (614) Am Metals 15 Curtis Publishin| 21% : Am Metals pf. 893 Curtis Pub pf (7).. Wl‘w 101% 101% 40 MacAndrew & F .13 A Mo 1% 5 2 Curtiss Wright.... 20 2% 21 2% MacAnd & F pf (6). Am Power & Light. 614 Curtiss Wright (A) 81 McCali Corp (2)... Am P& £5 pf (114) 16 Cutler Hammer 1955 McCrory Strs A (k) Am P&T. $6 pf (115) 6% Davega Strs (a20c) St Am Radiator.. .. 228 Deere & Co Beliocapor TP it Am Radiator pf (7) 19 Deere & Co pf(j40c) McKesson & Rob 2 Am Rolling Mills. . 2314 Delaware & Huuson McKesson & Rob pf Am Safety Raz t5% 11 Del Lack & West... MCTallon Btovesiik) + Am Seating. .. ..... 65 Detroit Edison (4). Mack Truck (1) Am Shipbldg (2) 36 Devoe& R (A)(12). Macy (R H)& Co(2) Am Smelt & Ref... 26'3; Diamond M (11.70). erlylsov: Sq Garden Am S&R 6% pt 171 3414 Dome Mines (14)... MaEna Cos g 2ma Copper (2). Am Snuff (13%) 1§'; Douglas Aireraft. . Mallison & Co 1 13% Dresser Mg A h1% Manati Sugar pf (k) 50 6% Dresser M{g B..... ManiEloy o e o H 4 86% Du Pont de N (2.60) Manhat Shirt (60c). 3 11241 104__Duquesne Lt 1st (5) Marancha Corp.... 2 Marine Midld (40¢c) 23 146 110'; Eastman Kod (5).. 155 141 Kastman Kod pf () Marlin-Rockwell(2) 20% 16% Eaton Mfg (1) Marshall Field 29 19% Electric Auto L Mathieson Alk(1%) 18 112 107 Elec Auto Lite pf 1‘ May Dept Str (1.60) 9 64 37 Klectric Boat. Maytag Co. .. 1 I 6' Elec & Mus ind.... Maytag pf w 14 Elec Pwr & Light. . Maytag Ist p # 21, Klec Pwr&Lt $6 pf. Melville Shoe(t2 ’a) 3 Elec Pwr&Lt $7 pt. Mengel Co. 3 1 Mengel Co pr . 1308 39 Elec Stor Bat (2 , 52% Endicott-John (l?.). Mesta Mach (11%) R 3 4 Tennessee Corp. 14 Eng Pub Sve $5 pf. Miami Copper.. .. 10 . 1615 Texas Corp (1).. 141 Eng P S $5.50 pf ww Mid-Cont Petaise. 68 28% Texas Gulf Sul (2. + Ei v Midland Steel Prod 4 Tex Pac Coa ! 15 Lantt Ofion Bides MIAI'd St1 1a¢ D3y 1502 815 Tex Pac Land Trust i Erie R R Minn-Hon R (+3%) = 2 1313 Thateher Mfz (a2ie 813 Erie R R Minn H Reg pf (6). 20z 50 " Thateher M pf (360 15 Kvans Auto (a7c). Minn Moline Pow.. 14 611 The Fair ot (8% > _Z_EschanzeBufier . e g i . utures el Z5% 17 Falrbanks-Morse. . MSCP&SSMpE, 3 195 Thinnaon Pradusts ) 1% Fairbanks-Mrs pf MoLEEsAMp 2 1% Thomnson Starrett. v D36 FladiLE & Dra Moo ke 26 Tide Wat As=o Oil. 48 Fed Lt& Tr pf (6). R s T e Tide Wat A O pf(6) 3% Fed Motor Truck. .. Mo Pacific pf (k.. Tide wat 4 O vrie) 2% Fed Screw Works. . Mook él}“ ml:éi' Timken-Detroit 5 BadiWater S Ee (005 56 MongsntoC (1) Timken R R (117 ). 18% Redia D BUe1L):. 21% Montgomery Ward. 7 4% Transamerica (23¢) 2813 1d Ph F Ins(11.35) % Montzomery s T e A5V Eirestana L0C) o2 174 Motor Products (1) & a 36 Triea Prod (214) 841, Firestone pf A (6) . e W L 414 Truax-Tra Coal. 454 First Nat Stre(213) 4 MuIas Mig ot B0s b8 ’ 2 18 Twin City RT pf 19 Florsheim (A)(1).. : 214 Follansbee Bros (k) l;‘": 3«'31‘,’.’3?‘3‘;;”“” 2: 20w Food Mach (1). . el d 30 Myer(FE)&Co160. 9 60% Foster-Wheeler pf. 1 4 F(lefldlll.on s oo 14 19% Kourth Nat In aé0e. “ 8% Fox Film (A) . ol e FEIF ¥ + & + S weBRuR—eT AZaan 10 60s Thly 28 % L 36% 90, 6% 33 Ry 20% 30 8% 19% FEFIFVS F OFE FEF OFF FEST 18% Am Stores (12%;) Am Sugar (2).. Am Sum Tob (1). < Am Tel & Tel (9)... 72!; Am Tobacco (5).... R Am TobaccoB (5).. 9 Am Type Fdrs (k). 3 Am Type Fdrs pf(k 340s Am Wat Wks (80¢) 39 Am Woolen. 8 512 Am Woolen pf Am Writ Paper (k). Anaconda Copper + Anaconda Wire. 137 Anchor Cap (60¢ 31s Andes Copper-. . 36 Archer-Dan M 1114, 118% Archer-Dan pf (7). 97 Armour Del pf (7). Armour of Illinois. Armour 11 pr pf (6) Arnold Constable. . Asso Dry Goods As=0 0il (T0¢). 35% Atch To&S F (h2).. 66% Atch To&S F pf (5 19'3 Atlantic Coast Line 3 AUGUIf& W Ind.. Atlantic Ref (1)... Atlas Powder (2).. Atlas Powder pf (§) Atlas P pf(f)called. Auburn Auto. ... Austin h Aviation Corp Del. I++41 11 Sterlingz Secur 1 A). Stewart-Warner. Stone & Webster. Studebaker (new).. Sun O ($1).. Superheater ufle).. Superior Oil. Superior Steel. Sweets Co of Am ymington (A) (k). + 44+ 8'1 10 9 49y 601y 2613 8 w2 e aSana’ o =) WA R R 120 120 10115 101% - + 1 4+ FEE FErs F unchangzed & OFEEFIIETT + - 2 EEEF October ' "1 December January . | Mareh 5% : Spot steads 1y 108 213, 10 1063, 111 15 5y 5% 3 L) 26% 15 17% 42y 115 404 I+++1+01 401010 (R E © res Cottonseed Oil. Bleachable cottonseed oil | closed barely steady. May. 10.45b; July, 10.66b: September, 10.70b; Octo- ber. 10.65a68: December, 10.57b. Sales, 40 contracts. b—Bid. 440+ 1'5 Baldwin Loco (k) .. gl 712 Baldwin Loco pf (k) 713 Baltimore & Ohio. . 912 Raltimore & Ohio pt+ 3614 Banz & Aroos (214) 1061 Banz & Aroos pf(7) 3213 Barker Brothers pf, Barnsdall Corp.... > Bayuk Cigar (b4) Bayuk C 1st pf (7). Reatrice Cre (a50c) Beech-Nut P (1313) Belding-Hem (a50¢) Rendix Aviation. Reneficial Loan m Best & Co (2)..... Rethlehem Steel. Bethlehem Sti pf... Bigelow-San Corp. . Blaw-Knox Bloomingdale pf (1) Blumenthal pf. Boeing Afrplane Bohn Alum&Br (3). Borden Co (1.60)... Borg Warner (1%). Bridgp't Brassal0e Rrizgs MIR (2)... T1-Fisher (2), Und-Ell-Fish pf (T) Union Rag&Pan (2) Un Carb&C1.60.... Un Ol of Cal (1) 631 — & 130+ u 2 +13% 35 | Quotations, 10— Cotton, £.000 American._ Spot: Liverp LIVERPOOL. Ma bales. — including 200 Moderate business done; prices @ _points hizher. Quotations in pence: American 215 Un Pacific (6). striet ood middling, 7 48. good rmddh? Un Pacifie pf (4)... A7K: low middling. strict, zood ordi- 151 Un Tank Car (1.2 5 25§ 5 - T Mav. 6.3 ‘_ 20~ at Dairy Prod 1.20 13 . United Afreraft. ... ;. M anuary. 8.28: at Dept Store (k). : United Alr L vte... 6 5 Mk . e at Dept S 1st pf(k 2240, United Rise (1.60). at Distillers (2).. 59 United Carbon 2.40. ENTERPRISE SERIAL BUILDING ASSOCIATION at En & Stpg (h1) United Corp.... 7th St. and Ind. Ave. N.W. LOANS United Drue. . United Dvewood . Made on Improved District of Columbia Real Estate Security United Elec Coal. United Fruit (3) 74th Series of stock now open for subscription Nash Motors (1) Nashv Chat & St L. Nat Aeme Co. . Nat Biscuit (2). 20 108 13% 20 5% 26% 301 Frankn Sim pf j13 Futures 17% Freeport-Texas (1) 43 FullerCozdpf.. ... Gabriel Co (A) . 513 Gen Am Investors $4% Gen Am In pf ww 6. 32% Gen Am Trans(1%) 11% Gen Asphalt....... 7% Gen Baking (60¢). 5% Gen Bronz 2 GenCable. \_4 GenCable (A) 36 19 GenCable pt 63% 50 GenCigar (1 141 1273 Gen Cigar pt 7). 25% 2015 Gen Electric (60c). 35% 32% Gen Foods (1.80)... S '« Gen Gas & El (A) 66% 597 Gen Mills (3)... 118% 116 Gen Mills pf (6) 34 26% Gen Motors (1). 11715 10753 Gen Motors pf (5). 13% 10 Gen Outdoors AdvA 27 17% Gen Print Ink(1.20) 2% 1 Gen Public Servic 30 15% Gen Ry Signal (1). 13, % Gen Realty & Util.. 223 14% Gen Real &U pf ww 20 16 Gen Refracctfs.... 814 Bucyrus Erie ev pf. 32 14 Gen St] Casting pf. 62% Bucvruc Erie pf (2) 4108 16% 12 Gillett Saf Raz (1). 3% Budd (EG) Mfg... 2 4 874 170'; Gillett Stf R pf (5). 23 Budd (EG) Mfgpf. 60s 3% 2'a Gimbel Bros 215 Budd Wheel 37 27% 18 Gimbel Bros 1 2 "Fant BEE § rrsE Nat Supply (‘n . Nat Supply Co pf.. +1+ United Gas Imp 1) United Gas [ pf (5). United Pes D W pf. 30s U S Distributing pf 10s US&FornSeenr.. 6 U S & For 1st pf (6) 1 T U S Freight (1) 5 14" 42 USGypsum (1). 20 52% USP\\wum pffl). 50= 155 6 161, Bl Tiy Newberry(J J) 160 Newport Industries N Y Airbrake. NYCentralRR... N Y & Harlem (5) 4 N Y Investors (k) . NY \H&Hart(nrt 3 N Y Shipbldg pf (7) 100s 85 70 NY Steam pf (6).. 1208 97 90 N Steam ist(T).. 70s Dy Lienhan, f e 40% 304 Noranda Mines (h2) 15 3 a1, 3 . LB Leather (A)_:. Norfolk & W (+10). 4 0 Wl ol g Norf & West pf (4). §0s 1043, D8 Elned b (b0cx: North Am Aviation. 21 3 HEg LMt ne TS North Am Co (1)... 214 UsRealty £l North AmCopf (3) 11 H B Rutber North Am Ed pt (6) 2 D8 Rubbee o North'n Central (4) 30n s 2 e 134 Northern Pacific... 35 USSm&Rpf (%) 2 T 35% Northwest Tel (3). 30 1 3 1% Norwalk Tire&Rub 1 11 1;;‘-‘. 34% 347 L 3 65 65y o 117% 117% 31 31% 1164 116% 134 134 26% 26% 1%, % 22% 1% 22% 19% 17 157 86% -3 24 1++10 1+ B8 2 PEFIEES Bristol-Myers 12.40 RBklyn-Man Tr (3). Bklyn-Man T pf (6) 1% Bklyn & Queens. ... BkIn&Queens pf(2) Rklyn Unfon Gas(5} Brown Shoe (3).. 4's Brunswick-Balke 41, Bucyrus Erie. . U S Ind Aleohol (2) 42% 6 L+ 141+ 1313 65 184 208 5 12% Real Estate Mortgage Guarantee Company bonds - and Preferred stock bought, sold and quoted. C. B. Pennebaker Company, Inec. Southern Blds. Washington, D. C. National 2311 National 2312 National 2313 ‘Dealers in Unlisted Securities, Specialy Real Fstate Morigags Bonds” 14, E, ARN A7 821 861y USSreel of (2).... %« U S Tobaceo (17%) United Stores (A).. 9 4y United Stores pf ... 2 59 Univ Leaf T pf (8). 10! 110 Univ Pic 1st pf Univ Pipe & Rad. .. Univ Pipe & Rad pf 320s Util Pwr & Lt (A) 5 2% 4+t bt 81, Bullard Co 29 23% Glidden Co 1.30) % Bulova Watch 1094 1047 Glidden Co pr pf Burns Bros pf.. 4% 1'x Gobel (Adolf).. Burr Add M (60¢) 18 14% Gold Dust (1.20) Bush Terminal (k). 117 111's Gold Dust pf (6) Bush Term deb (k). Tt Goodrich (B F). Bush T Bldg pfct.. 10s 40 Goodrich (B F) pf. « Butte Copper & Zinc 2 15% Goodyear T&R.. % Butterick (k) 1 70 Goodyear $7 pf (4). 11% Byers (A M) 7 12% A% 26% 5% 16% kAT 45 23 9% Ohio Oil (h45c).... 124 1% Oliver Farm Equip. 16 15% Oliver FEprpf A.. 5 3% Omnibus Corp 2 11% Otis Elevator (soc) 4% Otis Steel. 38 Outlet Co (2)...... 80 Owens-111 Glass(4) £+ F1 00+ - 46 24 60s 12 213 Gotham Silk Hose. . 1 20 Gotham Silk H of. L 1 112 Graham-Paige 3 1 o FEFIAEFE FEINS FEFEF 'z Vadsco Sales Corp. 11% Vanadium Corp.... 11% Van Raalte 91 Van Raalte 1st pf‘l 344 Vick Chem (12.40). 2% Va-Car Chemical. . 18 Va-Car Chem 6% pf 72% Va E1 & Pw pf (6).. 6312 Vulean Detin (a4) Pacific Coast Pacific Coast 2d. PacificG&E (1% Pacific Ltg (2.40). Pacific Tel & Tel (6} 150s Pac W'n Oil (h40c). Packard Motor. . .. % Panhandle Prod&R 2% Par-Public ctfs (k) 2% Park Utah......... 1 Pathe Exchange. .. 8% Pathe Exchange(A) 8% Patino Mines 1% Peerless Motor. 6415 Penick & Ford (3 57% Penney (J C)(2)... 110 10;\4 Penney (J C)pf(6). 4 Penn Coal & Coke. . s:: H Penn gixie C(e:ment. 3 6 ; Rf’!‘hlsl;r Eisenlohr. 13 18 Penn Dixi 3 23 : Z vells Fargo '2»:.: :m :em. R nu:]c‘ pros) 2 3 3015 Wesson O & St14. 12 29% 30 Peoples Drug S (1. 72 WessonO&Spf4.. 4 !lsl. 110% Peoples DS pf 615. 34 West Pa Elec (7) A 1508 17% Peoples Gas Cht 36 West Pa Elec pf (6) 2008 39% West Pa Elec pf (7) 130s 95 West Pa Pw pf (6). 508 1101 117% 104% West Pa Pw pf (7). 208 115% 9% b5l Western Maryland. T% 2% Western Pacific pf. 20% Western Union 18 Westingh’ 326, Westingh' 2 90 Westh'se 1stpf3% 110s 101 10 Weston Elec Inst.. 12 16% Westvaco Chi (40¢) 18 Wheel & Lake Erie. 46! Wheel St pf (j50¢) 67« White Motor...... 1312 White R’k M S 1.40, 1« White Sewing Mch. 6 White Sew Mch pf. % Wilson & Coal2le 53 Wilson & Co pf (§). 51 Woolworth (2.40).. 11% Worthingtos Pump 2516 Worth Pump pf A.. 150. 20 Worth Pump pf B.. 356% Wright Aero. . 73% Wrigley W ir(13%) 347 California Pkg (1% 13 Callahan Zinc . 213 Calumet & He 71 Campbell-Wy (a20c) 8% Can Dry G A (40c). 9% Canadian Pacific. .. 4% Capital Admin (A). 3215 Cap Adm pf A (3)., 45% Case (J I) Co...... 831% Case (JI) pf (4)... 36'5 Caterpil Trac(t1%) 1914 Celanese Corp 17 Celotex Co (k). 1% Celotex Co vte ( 2 11% Celotex Co pf (k)... 30s 22y Cent Aguire (1%).. 13 34 Central RROfNJ. 1 38% Cerro de Pasco (2). 158 3% Certain-Teed Prod. 9 23 Certain-teed Pof.. 40s 37t Ches & Ohio (2.80). 31 86 Chesap Corp (3) 3 % Chi MillStP& P. 5 3 Chi MilStP&Ppf. 7 2% Chi & Northwest... 4 44 Chi & Northwestnf b 5 5 1 2 12 10 26 Grant (WT)(11%) 9% Great Northern pf. 9% Great Nor Ore (50c) 328 26% Grt West Sug (2.40) 404 34 Greene Cananea(a2) 2% 1 Guantanamo Sugar. 32% 19 Guantanamo Sug pt 67 48 Gulf States Stl 1st. 33% 30 Hack WprA (1%). 6% 3% Hahn Dept Stores. . 70% 65 Hahn Dpt Stores pf 7% 4 Hall W F Printing. 20 16 Harb Walker (1). 9% 5% HatCorp (A). 95% 81 HatCpfww (6%). 3% 1% Hayes Body....... 973, 85 Hazel Atlas Gl (5). 137% 127 Helme (G W) t11% 19% 11 Hercules Mot (80¢c) 7% 171 Hercules Pw (13%) 81% 73% Hershey Choe (3).. 1141 104 Hershey C pf (15).. 9% 5% Holland Furnace... 11 6% Holland & Son (50c) 410 338 Homestake M (136) 40% 30% Houd-Hirsh A(2%) 14% 6% Houdaille-Hersh B. 9% Houston Oil. 1% Houston Oil (ntw). 43 Howe Sound (3)... 2% Hudson & Manhat.. 6! Hudson & Man pf. 6% Hudson Motor Car. % Hupp Motors . ... 9% Illinots Central.... 15 Illinois Central pf 3 2' Indian Refining. 514 Pitts Screw & Bolt. 2315 Indus Rayon (1.68). 22 Pitts Steel pf. 7 Colo & South 1st pf. 20+ 601 Ingersoll-Rand (3). 21 1 Pittston Co. 3% Col Gas & Elec..... 81 46% Inland Steel (2).. 615 Plymouth Oil (1).. 35% ColG&EDf A (6). 15 214 Inspiration Copper. 6% Poor & Co (B)..... 31 ColG&EDpfB(5). 208 4 Insur Sh ct Md lde. 1% Porto R Am Tob A. 3414 Colum Pic vte (m1) 8% Interboro R T 1 Porto R Am Tob B. 67 Colum Carbon (4).. 4% Interlake Iron 6 Postal Tel & Ca pf. 391 Comcl Credit (2)... 2% Int Agriculture 1% Pressed Steel C (k) 52'4 Comel Credit(A)(3) 42% 31 Int Agriculture p! 6% Pressed Stl C pf (k) 17'm 149% Int Bus Mach (p6) Proc & Gamb (1%) 9 29 22 2308 12% Mortgage Money For CONSTRUCTION LOANS and LOANS ON IMPROVED: RESIDENTIAL PROPERTY, in the District of Columbid’; 52 % Prompt action B. F. SAUL CO. 925 15th St. Natl. 2100, 1% Wabash pf (A) (k). 27% Walgreen Co (1.20) 1% Walworth Co...... 28'; Ward Baking pf (2) 214 Warner Bros Pic. 39 14'; Warner Bros Pic Df 120! % Warner-Quinlan. 2! Warren Bros. 7% Warren Bros cv pf. —— #Illl'l“ll‘flld-lfi‘\’-* +1 14 17 Pet Milk (1)....... 7% Petrol Corp (hife). 12% Phelps Dodze a25c. 381 Phila Co pf (6) new 23 PhilaCo 6% pf (3). 2 Phila Rap Tr (k). .. 1% Phila & Read C& 1. 35% Philip Morris (1).. 13% Phillips Petrol (1). % Pierce Oil. 81y Pierce Oil pf.. % Pierce Petroleum. . 31 Pillsbury Flour 1.60 7 PittsCoal..... 29% Pitts Coal pf FEEFF FESFF ChiRI&P (K).... 25% Chickasha CO (2). 3% Childs Co. .. 5 9 Chile Copper. 1108 31 Chrysler Corp t1%. 367 20 City Ice & Fuel (2). 4 87 City lce& Fpf 6%5. 308 12% Clark Equip (80¢).. 3 17 123 1 First Trust Loans For Purchasing a Home or RE-FINANCING EXPIRING TRUSTS *: NO COMMI5SION CHARGE - FEFE & q 16 Colgate-P-P (50c). 63 9 Collins & Aikman.. 26 15 Colo Fuel&Iron (k) 1 5 ColoF&I1pf(k)... 60s 30 6% 26% 1w 1% (L 44 1% " 1% 10 49% i 33 53% 82% 18 24 57% Comc Cred Arctst3) 11 l 4 17% Yale & Towne (60c) 1 25% 18 Young Sp& W11y zl:-{ b 21% 13 Youngstown S&T.. mon stock as of March 26, 1935, ac- cording to a report filed with the Securities and Exchange Commission. The attendance in the local broker- age offices board rooms has picked up very fast during the past few days when the New York Stock Exchange has been so much more active and at advancing price levels. The Interstate Commerce Commis- sion has authorized the $12,000,000 collateral trust 5 per cent note issue requested by the Atlantic caut Line Railroad. The notes are to be sold .at 97% plus accrued interest, 586 29 Comcl Cred pf (1%) 1150s 32 109% Comcl Cred 1st(6% . 710 117% 291 Comel Credit(B)(2) 22208 82!- 564 Comel Inv Tr 2% . 17% Comcl Solv (t85¢). % Comw-& Southn. 29% Comw & Sou pf (3). 27 Congoleum-N (1.60) 23% Conn Ry & Lt (4%) 7 Consnl Cigar....... 71 ConCoprpfwwék. 4% Consol Film....... 15% Consol Film nf 32) 15% Consol Gas N Y (1). 4 72 Consol Gas pf (6).. 6% Consol, 1% 45% 34% 3¢ % Té% 4% 1% 24% 94 u 3% 2% 3% 28% 130 125 3 12 105 ’16 5% Int Tl .N-....;. 3% Int Carriers Ltd 20e 22% lntComn 1).... 3434 Int Harvester (80c) 1% Int Hydro Elec (A). 2% Int Merch Marine. . 221 Int Nick Can (60¢). Int Nick Can pf (1) 1% Int Paper & Pw (A) 415 Int Paper & Pw pf. 983 Int Print Ink pR(6) 10% Int Rys Cent Am pf 29 IntSalt(1%).. 42% Int Shoe (2) 17 Int Silver... 601 Int Silver pf (4)... 108 1 3% 33% 33 + W 1 180s 4% 5 6% 64 6% 108 104% 104% 104% + % 9% 9% 9 - % 197, 120% 5% 624 49% 2% 21 425 115 Proc & Gam pf (5). 20% Pub Svo N J (2.80). 62% Pub Sve NJ pf (5). 73 PubSve NJ of (6). 85% Pub Sve N J pf (7). 34 Pullman Ine (3)... 5% Pure Ofl. 49% Pure Oil pf 4 Radio Corporation. 50 RadioCorppf A 3% 85% Radio Corppf B. .. 1% Radlo-Keith-Or (k) 16% Raybestos-Man (1) 43% 29% Reading (2).s.cc0n \ 108 76 20 119t 30% 9% 8 104 3 116% 56 % Approximate Sales of Stocks on the N. Y. Stock Exchange. Drments based. on mé"’.‘l‘w tradioe jess than 100 shares ~TPartly ext [ 38% Youngstwn S&T pf. 3 Zonite Products.... 5 3% . 330,000 12:00 Noon. .1,020,000 2:00 P.M.. 1 sales for the day. 1,580, dend rates as g! Be able 1 -n:r':::e— ale in ¢ P tock & Pald in the above table are the latest quarterly JSguulas rate 610,000 1,180.000 annual or half-yearly NO RENEWALS REQUIRED ' Terms Easy Moithls Parments