Evening Star Newspaper, May 13, 1935, Page 13

FINANCIAL, z¥s A—13 RALLY DEVELOPS INMOTOR STOCKS FINANCIAL. THE EVENING STAR, WASHINGTON, D. C., MONDAY, MAY 13, 1935. TRANSACTIONS ON THE NEW YORK STOCK EXCHANGE Prev. 1035 Stock and Prev. 1035 Stock and Net. Hish. low. _ Dividend Rate. 244 60, High. High, Low Divigend Rate. Add 00, High. Low. Close. Ghge, % Kelly-Spring T (k). 23 & 7 5% Ritter Dental...... 2 7 7 17 6 Kelly-SprT6% pt. 71 8% 26% 21% Roan Antelope Ltd. 16 26% 26% 26% + % 6 Kelsey-Hayes (A).. 2 4% 36% 29% Roy’l D h1.35 3-10c. 1 87% 3T% 3Tk + % 25 BANKS ADDED By private wln direct to The Star. Add 00. Hign. STOCK AVERAGES Compiled by the Associated Press. 84% Adams Expr pt (l). 8 Addressograph.... 4% Advance Rumley. .. 6% Affiliated Prod (60c 81 Kelsey-Hayes (B).. 2 12% 14% Kelvinator (170¢).. 31 84 Kendall Copf 16.38 10s 13% Kennecott C (60c). 102 15 90 19% 46 110 104% Safeway Strspf (6) 10s 110% 110% 110% + % 114 110 Safeway Strspf (7) 160s113 112 113 + % 374 Safeway Stores (3). 9 40% 40 40% +1% Preferred Sugar and Othe}' Annual Richmond Reserve . 1304 104% Afr Reduction (3)., Report Cites Progress | 20 03 Alasks Jun (#1.20). 23 Kinney (G R) Co pf lOl 23% 17% 10% St Joseph Ld (40c). 9 16% 16% 16 — % 12 StL Bouthw'npf... 21% 21% +1% 6 Savage Arms. % Schenley Dist 24 Net change ; . Today (close X / ! ! 2 Previous day 8 f lfll mm Specialty Shares Also 3 1 2% Alleg pf w330w(k). During Year. BY EDWARD C. STONE. First printed coples of the twen- tieth annual report of the Federal Re- serve Bank of Richmond, just re- ceived here, show that at the begin- ning of 1834 there were 415 member banks in the fifth reserve district and that during the year 26 additional memberships were registered, of which 21 were newly-organized national banks and five State banks. Nearly all of the new national banks re- placed banks in the hands of con- servators. During 1934 there were 38 banks lost to the system because of liquidations, consolidations and with- drawals, resulting in a decrease of 12 members when the year ended, leav- ing a total of 403. Business and financial trends are wvividly pictured in the report prepared by W. W. Hoxton chairman and agent, and compared with conditions in the previous year. The report re- veals many striking percentage changes. For example, debits to in- dividual accounts were up 20 per cent, commercial failures and aggregate lia- bilities declined 43 and 63 per cent, respectively, insolvencies were the lowest since 1920, and liabilities lowest of any year since 1929. Consumption of cotton dropped 16 per cent, largely because of strike, while tobacco manufacturing was far above the 1933 rate. Construction im- proved, and as noted early this year, retail and wholesale trade and collec- tions were all well above the previous year. The Western drought helped prices for Eastern farmers, thus off- setting acreage reduction. Business Volume Higher. The Richmond Reserve Bank han- dled a larger volume of business in 1934 than in the previous year, not- withstanding the vast amount of work incident to the banking holiday in 1933, Mr. Hoxton says. The aumber of non-cash collections handled for | member banks declined by 10.5 per cent, but the amount involved in the collections rose over 27 per cent. Transfers for member banks de- creased, but again the amouurs in- volved increased. The number of checks handled by the transit department was up 20.46 per cent and the aggregate amount involved up 25.83 per cent. Cyr- rency received and counted in 1934 exceeded the 1933 figure by 632 per cent in the number of pieces, but off 13 per cent in amount. The number of securities handled rose 12068 per cent last year, compared with 1033, while the value of the securities han- dled increased by 77.72 per cent. Total earnings of the Federal Re- serve Bank of Richmond and to show a profit of $14,298, which amount was added to surplus. Cur- rent expenses of the bank in 1934 e: ceeded expenses in 1933 by $89 Chairman Hoxton's report examination department, an iucrease | in the Richmond bank’s share in| Federal Reserve Board expenses and | contribution to the retirement system | of reserve banks. First Loans to Industry. For the first time the bank started in 1934 making loans direct to indus- try. Applications amounting to $10,- | 765,819 were received, of which $5,- 678,150 were approved, $4.023,168 re-| Jjected, $1,084,500 still under conslderv ation at the end of the year, and $1,- 560,150 actually made and the funds advanced. The number of checks handled dur- ing the year was the largest on record | ‘with the exception of 1929. The bank | did an immense amount of work | during the year in connection with the | handling of gold settlements. The} daily circulation of Federal Reserve notes was up 4.5 per cent over the 1933 average. There were no changes in the offi-| cial personnel in Richmond. or in the | Baltimore or Charlotte branches. The | total number of officers employed in | the three offices at the end of the| year was 740, a decrease of 6 as com- | pared with the close of the previous year. Of the total number of em- ployes at the end of the year, 121 were assigned to special work for the Re-| construction Finance Corp., which re- | imburses the bank in full for their salaries, according to the Federal Re- | serve agent. Investment Bankers to Meet. Y. E. Booker, head of a local invest- ment firm and president of the Wash- ington Stock Exchange, will attend the annual Spring meeting of the board of governors of the Investment Bankers' Association of America, at ‘White Sulphur Springs, May 15 to 19. He is chairman of the Code Commit- tee in this territory and vice chairman of the Southeastern group. Paul V. Keyser, general counsel of the national association, will also attend from Washington. Definite plans for the organization of group work on a broader scale were started last January and recently pre- sented to all the groups by President Ralph T. Crane and Alden H. Little, executive vice president of the asso- ciatlon, at meetings in 23 cities. All 39 members of the board of governors are expected to attend the coming sessions. Many former members will e present while all the members of the association’s 25 national commit- tees have been invited. The attend- ance will pass the 200 mark. Life Insurance week opened in ‘Washington with a breakfast at the ‘Willard Hotel attended by some 400 of the leading insurance leaders of the city. F. George Clendaniel, president of the District Underwriters’ Associa- tion, presided at the rally. The cam- paign will continue until Saturday. Today’s Trading on Exchange. The week’s trading on the Washing- ton Stock Exchange opened today with $1,000 Washington Gas 5s, 1058, selling at 160, & new high mark for the year, and the day’s only hond sale. Capital Transit stock figured in two small lot sales, both at 172, a new low on the present move. The re- maining trading was confined to Mer- genthaler Linotype, which recorded four 10-share tremsactions,-all at 26% There were no important changes in bid and asked prices on other issues. Holders of American Telephone & Telegraph Co., stock in this city are awaiting the dividend meeting this week. The prevailing opinion seems to be that the present dividend will be retained. Action of the stock last week indicated as much, although it sold off a bit today in the early trading on the big board. Heard in Financial District. Registrations becoming _effective under the securities act of 1933 during the first three months this year aggre- 6% 2 Alleg pf w40w (k). 26% 21 Allegheny Stl (1).. 14814 126 Allied Chem (6).... 1271 12215 Allied Chem pf (7). 19% 12 Allis-Chalmers. ... 14 Alpha Port Cmt (1) 24 Amal Leather, 151% Am Can pf (1) 10 Am Car & Foundry. 26% Am Car & Found pf. 8 Am Chain.... 66 Am Chicle (t4). 22% Am Comcl Alcohol. 64 Am Crystal Sugar, . 57% Am Crystal Sug pf. 1% Am Encaustio..... 2% Am European Sec. . 2 Am & Foreign Pwr. 12 Am & For Pw pf (6) 14 Am & For Pw pf (1) 3% Am & For Pw 2d pf 2% Am Hide & Leather 17 AmHide &Lpt.... 29% Am Home Pr (2.40) x 8% AmIceCo......... 41: Am International. . 1% Am La Fran pf (k). 9 Am Locomotive..., 82 Am Locomotive pf. 18% Am Mch & Fy (80¢) 4'4 Am Mach & Metals. 1314 Am Metals. . . 72 Am Metals pf. . 1% Am Power & Light. 8% Am P&L $5 pt (1%) 104 Am P&L 86 pf (1%) 10% Am Radiator...... 184% Am Radiator pf () 15% Am Rolling Mills. . 66 Am Safety Rast6% 4% Am Seatink. 20 Am Shipbldg 31% Am Smelt & Ref. .. 10s 122 28 124% 123 2 168 6 16% 4 364 1% - % 844 85 +1 281 23K 4+ % 1% 13 + % 112% 119% +8% 1% 14 5% + W 4 1% - % 21 % — % H ™-9 445 44y -1u Year ago .. 1935 high . 1935 low 1934 high 1934 low .. 1932 low 1920 high ..... 1027 low (%) New 1935 high. 124% + % Wi Z2% | wien. Low » 8! 31 PYSWPPR Stock and . Dividend Rate. 4% Contl Baking (A).. % Cont] Baking (B).. 484 Contl Baking pf (4) 624 Contl Can (3.40)... 28% Contl Insur (11.35). & Contl Motors...... 15% Contl O Del a123%6. 62 Corn Prod Ret (3). 4% Coty Ine......... 35% Cream of Wht 13%.. 12% Crosley Radlo...... 28% CrownC& 8 (1)... 48% Crown C&8 pf(2.70) 74% Crown WP1st pf(4) 81 Crown-Zellerback. . 14 Crucible Steel % “ 14 [ Ty S - 1 lk ™ 40% Cuban-Am Sug pf.. 18808 0% 7036 16 Curtis Publishing.. 14 224 21% 71084 101% I'A & 23 65 Detroit Edison (4). 36 Devoe& R (A)(12). 261 Diamond M (11.10). 34 Dome Mines (14).. 8% Dominion Strs(1.20 Low. Olose. Chge. 9% 9 Mt + | 167% 161% Ligg & Myers pf (7) in 1934 were sufficient to meet all expenses| 17 144 137 18y 9414 43 7014 140% 24% 103 AmS&R 6% pfi7% 112 112 + % 121 Am S&M 7% pf (7). % 138% 188y —4 125 Am Snuffpf (8).... 137 137 12 Am Steel Foundry. 13% 14 + U 88 Am Stl Fdry pf (2). 924 92y -1 33% Am Stores (12%).. 854 35% + % 17% Douglas Alrcraft.. 18% Dresser Mfg A h1% 8 Dunhill Internatl.. 86% Du Pont de N (3.60) lll 126% Du Pont deb (6)... 89% Leh Port Cpf (3%) 5% Lehigh Val Coal pf. 5 Lehigh Valley R R+ 67% Lehman C (12.65) 14% Lehn & Fink (13%) 213 Lib-O-Ford Gl 1. 21 Life Saver (1.60)... 9« Ligs & Myers (15), % Ligg & Myers B(15) — W| 28K 17w Link Belt (60c).... B!% +1 Th - B 844 1% 30% 89% 243 Liquid Carb (11%) 31% Loew's Ino (2)... 21% + % | 189 124 Lorillard P pt ('I).. 8% l\ 15%4 % “% % 8% = % 3% + % 1%+ 4 % 99U 1 1284 128 138% — % 112% 104 Duquesne Lt 1st (5) 10s112 112 112 =% 85% Am Bugar (2).....s 1261 Am Sugar pf (7)... 18% Am Sum Tob (1)... 120% 98% Am Tel & Tel (9)... /74 18915 19 1534 1% 42% 121 106% shows. | QGeneral expenses rose materiaily, due | to a larger volume of work ir the| 5% 68 26% 15 17T% 164 3% 2% 205 74% Am Tobacco B (8).. 129% Am Tobacco pf (8). 9 Am Type Fdrs pf(k T Am Wat Wks (80¢). 48 Am Wat W 1st (8). 4% Am Woolen. . 85% Am Woolen pf. 5 Am Writ Paper (kl . 2% Am Writ Pap pf (k) 3 Am Zinc & Lead. .. 31 Am Zinc & Lead pf. & Anaconda Copper.. 13% Anchor Cap (60¢).. 36 Archer-Dan M t13. 11R8% Archer-Dan pf (7). 97 Armour Del pf (7). 8% Armour of Illinois. 561 Armour Ill pr pf (8) 4 Arnold Constable. . 714 Asso Dry Good 80 Asso D G 1st pf(16) 36% Atch To&8 F (h2).. 66% Atch To&S F pf (5) 19% Atlantic Coast Line 3 AtIGulf& W Ind 6 AtlGulf & W Ind pt 21% Atlantic Ref (1). 32% Atlas Powder (2).. 106% Atlas Powder pf (6) 111 Atlas P pf(6)called. 16 Auburn Auto...... 3 Aviation Corp “ 1's Baldwin Loco (k) .. 714 Baldwin Loco pf (k) T4 Baltimore & Ohlo. . 914 Baltimore & Ohio pf 3% Barker Brothers. .. 32% Barker Brothers pf. 5% Barnsdall Corp.... 15% Beatrice Cre (a50c) 72 Beech-Nut P (13%) 11% Belding-Hem (a§0e) 117 Bendix Aviation... 15% Beneficial Loan 1% 34 Best&Co(2)...... 21% Bethlehem Steel . 55% Bethlehem Stl pf 9% Blaw-Knox.. 28% Blumenthal pf. 61 Boelng Alrplan 49% Bohn Alum&Br (3). 90 Bon Ami (A)(15).. 21 Borden Co (1.60)... 28Y% Borg Warner (1%). 8% Bridgp't Brass al0; 2414 Briggs MIg (2) 234 Brigges & Strat 314 Bristol-Myers 2. 36)/’ Bklyn-Man I'r (3). Bklyn-Man T pf (8) BkIn&Queens pf(2) Bklyn Union Gas(5} Brown Shoe (3) . Brown Shoe pf (7 4% Brunswick-Balke 4% Bucyrus Erll 62% Bucyruc Brie pf ll) 3% Budd (EG) Mfg... 23 Budd (E G) Mfgpf. 215 Budd Wheel. ...... 8% Bullard Co.... 3% Bulova Watch. 3 Burns Bros pf. 13% Burr Add M (60¢).. 1 Bush Terminal (k). 1% Butte Copper & zine 11% Byers (A M). —————— 42% 347 Calitornia Pkg (1% % Callahan Zinc.....s 214 Calumet & Hecla. .. 715 Campbell-Wy (a20e) 8% Can Dry G A (40c). 9%, Canadian Pacific... 43: Capital Admin (Al. 45% Case (J 1) Co... 83'% Case (JI) pf (4)... 36% Caterpil Trac(t1%) 19% Celanese Corp. . ... 11% Celotex Co pf ( 221 Cent Aguire (1%3). 34 Central RROINJ, 6% Century Rib Mills. . $8% Cerro de Pasco (2). 23 Certain-teed P of.. 87% Ches & Ohio (2.8 86 Chesap Corp (3)... % Chi Gt Westn (k).. % Chi MilIStP&P.., % Chi Mil St P & P pf. 2% Chi & Northwest. .. 4% Chi & Northwest pt 4% Chi Pneumatic Tool 20 Chi Pneu Tool pt.. 1 ChiR1&P (k).... 1% Chi R I&P 6% pf (k) 1% Chi R I&P 7% pf(k) 25% Chickasha CO (2). 3% Chtlds Co. . 9 Chile Coppe: 31 Chrysler Corp t13%. 20 City lce & Fuel (2). 87 City Ice& F pf 6. 3% City Stores........ 123, Clark Equip (80c).. 53% Coca-Cola (A)(3). 16% Colgate-P-P (500).. 9 Collins & Atkman. . 6% Colonial Beacon Oil 1 Colo Fuel&lron (k) 5 ColoF &1 pf (K)... 3% Col Gas & Elec..... 35% ColG&Epf A (6). 31 ColG&EDptB (5). 841 Colum Pie vte (m1) 67 Colum Carbon (4).. 39% Comcl Credit (3)... 5214 Comel Credit(A)(3) 33% 29 Comecl Cred pf (1%) gated nu 300,000, the Securities and Commission o March xfloct!ve registrations in ar amounted to $133,300,000, as compared with $60,400,000 in February and $18,~ 00,000 in January. 109% Comel Cred 1st(6% . 29% Comel Credit(B)(2) 56 Comel Inv Tr 3% . 17% Comel Solv (t85¢) . % Comw-& Southn... 29% Comw & Sou pf (3). 9 414 208 120 1102 28 3 BT 28% Conn Ry & Lt (4%) 110; 7 Consol Cigar 4% Consol Film. 15% Consol Film 16% Consol Gas N Y ()) 724 Conso! Gas pf (6) 1% Consol Laundrie: 6% Consol Ofl...... 2% Consol R R Cuba 1% Consol Textile..... 9% Container Corp (A) 3% Container Corp (B) 8 156 28% 2 68y — ¥ 188% 138% — % 221 22% 4+ W 117% 1184 — % 146 11014 Eastman Kod (5).. 16 143% 1404 166 141 Eastman Kod pf (6) 70s 164 162 20% 16% Eaton Mfg (1)..... 19% 18% 29 19% Electric Auto Lite.. 2% 21% 112 107 Elec Auto Lite pt 7. m 1 8% 64 Elec & Mus ind 5 6% 6% 8% 14 Elec Pwr & Light... 2 3% 3 12% 2% Elec Pwr&Lt $6 pf. 3 13% 12% 14 3 Elee Pwr&Lt $7 p2.. 14% 18% 49% $9 Eleo Stor Bat (3%) ' 1% % Elk Horn Coal pf (k 1% Engineers Pub Bvc. 14 Eng PubSve §5 pt % Erle R R. 84 Erle 15 [Evans Auto ( !'l Fairbanks-Morse. . 71% Fairbanks-Mrs pf.. uo- 5% Fed Lt & Trac. . 40 Fed Min & Smelter. 3% Fed Motor Truck... 2 34% 28% Fid Ph F Ins(11.85) 3 11134 106 Filene'sS pf (634).. eo- 184 Firestone (40c).. 8415 Firestone pf A (8). 4 45% First Nat Strs(3%) 3 2 Follansbes Bros (k) 3 204 Food Mach (1). . 5 9% Foster-Wheeler.... 6 60% Foster-Wheeler pf. 100. 19% Fourth Nat In a60c. 8% Fox Film (A).. 174 Freeport-Texas (1) 16 Fuller Coprpf..... 1 GabrielCo(A)..... Bl Gen Am Investors.. Am Inpf wwe. Am Trans(1%) Asphal 7% Gen Baking EFREET Outdoors Ad. .. Print Ink(1.20) Print Ink pf (6. Public Service. Ry Bignal (1). Realty & Util.. ll!‘ Gen Real U pf ww PEFES X FEFF F 14 Gen Bt] Casting pf. 12 Gillett Saf Raz (1). 70% Gillett Stf R pf (5). 2% Gimbel Bros... 27% 18 Gimbel Bros pf. 29 23% Glidden C0 1.30)... lolu 104% Glidden Co pr pf (1) 1% Gobel (Adolf)..... ll 14% Gold Dust (1.20)... % Goodrich (BF).... 40 Goodrich (B F) pf.. 16% Goodyear T&R.... 70 Goodyear $7 pf (4). 214 Gotham 8ilk Hose. . 20 Gotham Silk H pf. 1% Graham-Paige... 5% Granhy Consol. 21 Grand Union. .. 17 Grand Union pf ufi 26 Qrant (W T)(11%) 9% Qreat Northern pf. 9% Great Nor Ore (50¢) 26% Grt West Sug (2.40) 1 Guantanamo Sugar 19 Guantanamo Sug pt 64 8% Hahn Dept Stores. . 70% 66 Hahn Dpt Stores pi 4 Hall W F Printing. Hanna (M A)pf(7) [ 3 e 15\‘ Hershey Choc (3) B% Holland Furnace... 6% Holland & Bon (60c) 80% Houd-Hirsh A(2%) 6 Houdallle-Hersh B. 49 House Fin p? (33%4). 9% Houston Ofl....... 114 Houston Oil (mw) . 43 Howe Sound (3). 2% Hudson & Manhat.. 6% Hudson & Man pf... 6% Hudson Motor Car. % Hupp Motors...... - = - [T TR NI oy Resomoarwpoe- 9% Illinols Central. ... 15 Illinois Central pf.. 43% Indus Rayon (1.68). 603 Ingersoll-Rand (2). 464 Inland Steel (2).. 2% Inspiration Copper. 4 Insur 8hct Md 14c.. 8% Interboro R T lu lnternn Iron. Int Agriculture. l‘l&% NDK Int Bus Mach (p8 3% Int Carriers Ltd 20e u 42% Int Cement (1).... 43% 843 Int Harvester (600) 152 135 Int Harvester pf(7) 2"/. 14 Int Hydro Blec (A). 234 Int Merch Marine. . 22 Int Nick Can (600). 1 Int Paper & Pw (A) % Int Paper & Pw (l) % Int Paper Pw (©) 4% Int Paper & Pw pf. 21% Int Print Ink (1) - 8w & 8% Int Tel & 8% Interstate 29 Island Creek 49 Jewel Tea (3) L $% ¢ +14+ ll - l’m 881 Johns-Manvili 50 Jones&laugh 7%»¢ ML ol L 8% 3% Kans City Southern 6% Kans City South pf. 7% Kaufm'n D S(a40¢) u‘mmum Co 80e. S !nggstun - E3 et 142% +1% 162 5 SEFEFEF FF By » ++ + ++4 1% 17 47! 18% 82 13 12% 45% llfl Il 16% 90 28% 4% 80% % 34 Louisv& Na % Louisiana Oil...... 10% Loulsv G&E(A)1% 12% Ludlum Stee! 28 McCall Corp (2)... T4 MoCrory Strs A (k) 64 McCrory Strs B (k) 86% Mclntyre Porcu (2) 90% McKeesport T P (4) 6% McKesson & Rob. .. 83 McKesson & Rob ptf 814 McLellan Stores (k) 86% McLellan 8 pf (k).. 20% Mack Truck (1).... 80% Macy (R H)& Co(2) 18% Magma Copper (2). 7 Mallison & Co pt... % Manat! Sugar (k). 4 Manatl Sugar pf (i 13% Man Elev m g (k) 10 Manhat Shirt (60¢). 1 Maracaibo Oil Exp. 4% Marancha Corp. ... 5% Marine Midld (40c) 20 Marlin-Rockwell(2) 6% Marshall Field... 6 Martin Parry. 23% Mathieson Alk(1%) 85% May Dept Str (1.60) 6% Mlyul Co. S ° ORN AR VENORUOHNWDORON 00~ - 84 Maytag 1st pf (6).. - S FE EER PP ¥ EFS - S 9% Mid-Cont 814 Midland 8 60% Midl'd Stl 1st pf(8) 68 Minn-Hon R (13%). 110 105 Minn H Reg pf (6). b 8% Minn Moline Pow. .. 1% MStP&SSMlisin 10% Mission Corp. . 2% Mo Kans & Te: 6% Mo Kans & Tex pf 13 Mo Pacifie pf (k)... 10% Mohawk C M (h25: 65 MonsantoC (1).... 21% Montgomery Ward. % Mother Lode . 17% Motor Products (1) T4 Motor Wheel (50¢). T Mullins Mfg 36% Mullins Mfg 18% Munsingwear Ir 4% Murray Corp. 80 Myer(FE)&Co ARG EE R e N D 19% 11 Nash Motors (1) 30% 22% Nat Biscuit (2). 151 141% Nat Biscult pf ( 18% N 4% Dept Store (k). Dept 8 18t pt(k Distillers (2).. En & Stpg (h1) Lead (6)...... Powr & Lt (80c Steel (t1%) Supply Co.. t Supply Co pf. t Tea (60c). . 18's N Y Airbrake... 124 N YCentral RR... 6 NYChicago&StL YChi&StLpf.. N H & Hartfore 6% N Y Shipbullding. . 70 N Y Steam pf (6). Oh 30% Noranda Mines (h2) 176 158 Norfolk & W (+10). 106% 99 Norf& Westpf (4). 4 2 North Am Aviation. 16% 9 North AmCo (1)... 49% 85% North Am Co pf (3) 88 57 North Am Ed pf (6) 21% 134 Northern Pacific. .. 881 35% Northwest Tel (3). 82% 20 NorwalkT&R pf3i 12% 9% Ohlo Oil (h4be).... 4% 1% Oliver Farm Equip. 26% 160 Oliver FEprpf A.. 168, 113 Otis Elevator (60c) 121% 106 Otis Elev pf (8) 4% Otis Steel. ... 22% Otis Steel pr pf. 93 X0 Owens-1ll Glass(4) fic Coast 2d 13% Pacific G & E (1% 19 Pacific Ltg (2.40).. 12, Pacific Mills (h50c) 70 Pacific Tel & Tel () 31 Packard Moto 2% Par-Public ctfi 24 Park Utah 84 Pathe Exchange(A) 84 Patino Mines. 6415 Penick & Ford 78 Petrol Corp 12% Phelps Dodge a2ba. 28 Phila Co 6% pf (3).. 1% Phila & Read C& 1. 85% Philip Morris (1)... 18% Ehillips Petrol (1). % = * 814 Plerce Oil pf. 81 Pilisbury Flour 1. 6% Pitts Screw & Bolt. 1% Pitts United Corp. .. 6% Plymouth Oll (1)... 6% Poor & Co (B)..... 1% Porto R Am Tob A.. 6 Postal Tel & Ca pf. 14 Pressed Steel C (k) 6% Pressed Stl C pf (k) 42% Proc & Gamb (1%). nou 115 Proc & Gam pf (6). 30% 20% PubSvoNJ (3.80). 913% 62% Pub Sve N J pt (5). T8 PubSveNJpf (8). 112 99 Pub Svs E&G pf(5) 52% 84 Pullman Inc (3)... 8% 5% PureOil.. 49% Pure Oil pf. 11% 8% Purity Bak % 4 Radio Corporation. 63% 50 RadioCorppf A8 85% Radio Corppf B... 1% Radio-Keith-Or (k) 16% Raybestos-Man (1) 28% Republie 28 Republic 8tl pf ll/. Revere Copper. 24% 17% Reynolds Metais 124 Reynolds 8pr (40c) 1 564 Reynolds Tob (3).. 43% Reynolds Tob B (3) 18 MARCH UPTURN SEEN IN TIRE SHIPMENTS By the Assoclated Press. 675,268, NEW YORK, 13 —Ghlpmenh el in March to- of pneumatic casings in taled 4,204,131 units, Manufacturers’ the Rubber Association reported. This with 3,287,304 in hhrury and 4,222,962 in Mluh. uctior in Prod March ‘,ul.lll. against 4,382,663 in Febru- | ary and 5,180,122 in March last year. Stocks on hand March 31 were 11,- Inci +4|++H+++ FEF +4 & 4+ 121 (I} U X i 64% 28% 22 Month ago ... y £ 2 . 1% Schulte Retall Strs 8 Schulte R Strs pt 55 Bcott Paper (1.70). % Seaboard Alr L (k) 20% Seab'd Oi1 Del (11). 31 Sears Roeb'k (75¢). 40 SecNatInvpfjl%. T% Servel Inc 9 Sharon Steel nen., 3% Sharp & Dohme.... 44% Sharp & D pf (3%). 7% Bhattuck (F G) 26¢. 5% Shell Union Oll.... 63'4 Shell Union Ofl pf.. 8% Silver King C (40¢c) 6 BimmonsCo....... 13% Simms Petrol (1).« 6% Skelly Oil..... 60 Skelly Oil pf ww 24 Sloss-Sheffield pt 15% Snider Packing. . 11 Bocony-Vao (60c).. % 20 BSou Porto R Bug (2) e 182 Sou Porto R 8 pf (8! 4l% 9% 19% L) 5% 12% 16 37% 118 27% 82 464 15% 67 104 b 3 75 16% 8 9% 2% 23% 363, 26% FEee 4+l + 144444014440 & & » + P44+ 010 [ I+ 4+ sxry #58 ¢ ¥ ¥¥ses ittt ® & $24%) 155 T 59 | 150 2w 1% 2% la —_— T 440 82% 24 4% 26% 21 56 % Annmhsmdlmhmmfl.!.lmm casn DHECTBaked S “The” it "GArierls W BALSTAIY deciarati s 3‘:1 fenct rhcon 10% South Cal B4 (1%4). 12% Bouthern Pacific.... 7% Southern Rallway. 10 Southern Rwy pf... 42 Spalding (AG)1stpr 59% Spang Chalf pf (j1) 8% Bp-rkl-wnnlnnon 43% Splegel-May-Stern. 13% Stand Bran 1% Stand Gas & Elec. .. 1% Stand G & E$4 pf.. 4% StandG&ES$6pf.. 6 Btand G&E$7of.. 27% Stand Oil of Cal (1) 111 Stand Oil Exp pf(5) 23 Stand Oil of Ind (1) 261% Stand Oil of Kan (2 36% Stand Oil NJ(11%) 124 Starrett (L 8) a26c. 58% Sterling Prod (3.80) 6% Stewart-Warner 2} Stone & Webster. .. 2% Studebaker (new).. 60% Sun O1l (31).. 115% Sun Oll pf (6). . 11 Buperheater (50c).. 1% 10% 65% Y 23 88% 9% 8% 1% 4 FEE ¥ FFEF ¥ 1% Superior Ofl.. . 5 Superior Steel...... 1% Symington (A) (k). 16% Texas Corp (1).... 28% Texas Gulf Sul (2). 14 Texas& Pac RR... 8% Tex Pac Coal & Oll. 814 Tex Pac Land Trust 18% Thatcher Mfz(a26c 60 Thatcher M pf (3.60 5% The Fair.. 2% Thermoid C 3 16 Third Nat Inv a$0c. 13% Thompson Products 1% Thompson Starrett. 7% Tide Wat Asso Oil. 84 Tide Wat A O pf(6) 4% Timken-Detroit. ... 28% Timken R B (11%). 69 Tri-Contl C pf (G). 4%4 Truax-Tra C 313 Truscon Steel 18 TwinCity RTpt.. 63% Und-Ell-Fisher (2). 44 UnCarb&C1.60.... 14% Un Oil of Cal (1).. Display Strength. What Stocks Did. . Baturday. Advances 304 clines Ses 191 Unchanged . 170 Total issues 665 BY VICTOR EUBANK, Assoclated Press Pinancial Writer. NEW YORK, May 13.—A late buying flurry in the motors put life in the stock market today after the list had milled about diffidently during the early hours. * Preferred sugar issues and other specialties also developed strength, although many of the lead- ers were restrained by profit taking. The close was steady. Transfers ap- proximated 1,100,000 shares. 2 Constructive news items aided mar- ket sentiment. The American Iron & Steel Institute estimated current mill operations at 43.4 per cent of capacity, against 42.2 in the previous week. At the same time. grains sagged on im- proved crop weather reports. Cotton was also backward. Secondary rail bonds did better and sterling was strong in foreign exchange dealings. Silver mining shares were a trifle heavy, along with some of the util- ities. American Crystal Sugar pre- ferred was up around 6 points and the preferred issue of Cuban-American Sugar gained 2. Air Reduction jumped 5 and advances of fractions to around a point were registered by Union Pacific, New York Central, Great Northern, Anaconda, Great Western Sugar, American Sugar Re- fining, General Motors, Chrysler, In- ternational Nickel, Ohio Oil, United States Pipe & Foundry and Eastman Kodak. New York Cotton By the Associated Press. NEW YORK, May 13.—Moderate declines in cotton today under liqui- dation, foreign selling and hedging were followed by partial recoveries on trade and local buying. Trading was less active and there was a disposition to await develop- | ments. July rallied from 11.85 to 11.91, with the market generally 3 to 10 points net lower at the beginning of the last hour. JoFutues closed barely steady. ower March Bpot quiet: m Cottonseed Oil. Bleachable cottonseed ofl futures closed firm. May, 10.35b; July, 10.63; September, 10.71: October, 10.69a70. 8214 Un Pacific (6). 79% Un Pacific pf (4) 20% Un Tank Car (1. 20) United Aircraft. ... United Air L vte... United Bisc (1.60). United Carbon 2.40. United Corp..... = United Corp pf (3). %4 United Drug. . . United Dyewood United Fruit (3)... United Gas {mp (1) United Gas 1 pf (5). United Pce DW.... United Pcs D W U S Distributing pf U S & For'n Secur.. U S & For 1st pf (6 FFEE FE EFEF ¥ 4+ ~ e S Ind Alcol Leather. Leather Pipe & F' (60 P&F 1st pf 1 Realty & Imp. . +1+ coaccaaaad $5 RFE FEE ¥ A A 62% 2T 73% U S Steel pf (2). 149% U 8 Tobacco pf (7). 3% United Stores (A).. 51 Univ Leaf Tob (2). 183% Univ Leaf T pf (8). 1% Univ Pipe & Rad... 12 Univ Pipe & Rad pf 1 UulPwr&Lt(A).. + o+ 4 Vadsco Sales Corp. 11% Vanadium Corp.... 11 Van Kaalte 91 Van Raaite 1st pf 'l 34 Vick Chem (12.40). r Chem 6% pt El & Pw pf (8).. 63% Vulcan Detin (a4). FEFSFE FF 44 Waldorf Sys (h20c) Walgreen Co (1.20) Walgreen pf (6%) . % Walworth Co...... flflh Ward Baking pf (2) 2 Warner Bros Pic. .. 14w Warner Bros Pie p! % Warner-Quinlan.. Warren Bros. . Warren Fdy&P (2) . Wesson O & S 113 . Wesson O & Spf4.. West Pa Elec (7) A West Pa Elec pf (6) West Pa Elec pf (1) Western Maryland. Western Pacific pt. Western Union.... Westh'se 1st pt 3% Weston Elec Ins Weston Elec A ( Westvaco Chi (Gllc) White Sewing Mch. White Sew Mch pf. sv. Wiison & Coal2ije 68 Wilson & Co pt (§) 51 Woolworth (Z.40 25% Worth Pump pf 854 Wright Aero. . 78% Wri W ir(t33%) 17% Yale & Towne (60c) 2% Yellow Truck...... 18 YoungSp& W tly 18 Youngstown S&T.. 38% Youngstwn S&T pf. 8 Zonite Products.... 3% or the day, 1,180,000 Uot ot tra g less than 100 shares tParuy id last nu—m u {;I‘ DP.’IBII In : 1o wn "x nook ux rred e SR oy and” 11800661 | 92»178,326 EARNED & year ago. VISIBLE GRAIN SUPPLY. NEW YORK, May 13 (#.—The Ward & Co. reported net earnings of visible supply of American grain shows | $2,178,326 (40 cents a share) for the the following changes in bushels: Wheat decreased 2,535,000, corn de- | provisions for class A dividends, in- Was | . eased 1,392,000, oats decreased 447,- | come taxes and other expenses. The | ‘000. rye decreased 66,000 and barley | figure compared with $2,261,007 for increased 31,000, BY MONTGOMERY WARD By the Associated Press. CHICAGO, May 13.—Montgomery quarter ended April 30, after making the same quarter {n 1934. Bales, 24 contracts. b—Bid. Every Investment Service ANALYSIS INFORMATION SUGGESTIONS QUOTATIONS JAMES M. JOHNSTON & CO. Members Washington Stock Ezchange OFFICE EQUIPMENT WE SELL, BUY or EXCHANGE Desks Adding Machines Check _Protectors BAUM'S FURNITURE HOUSE 1416 Eye St. NNW. Ph. NA. 2184 ENTERPRISE BUILDING ASSOCIATION 7th St. and Ind. Ave. N.W. LOANS Made on Improved District of Columbia Real Estate Security Monthly payments as low as $7.50 per $1,000 R R TR .‘.\‘WMWMWW 3p¢alsm9‘af Investments A Savings Account ... A Solid Foundation on which to Build AFETY is the paramount require- ment of the man who invests what he saves. It is the first con- sideration which attracts careful men % and women to the Building and Loan field. @ Later comes profit, which s scarcely behind the factor of Safety as an inducement in the Building & Loan Plan of Saving! @ Come in and learn fully about the “Ideal Plan”! We Pay 5% Compounded Semi-Annually from the date of payment to the date of withdrawal. ® You can open a Savings Account with ONE DOLLAR or more . .and you'll always find, at “The Fidelity,” s friendly spirit of helpfulness and co-operation. The Fidelity Building & Loan Association MAIN OFFICE, 610 13th St. N.W.