Evening Star Newspaper, May 21, 1935, Page 16

FINANCIA TRANSACTIONS ON THE NEW YORK STOCK EXCHAN(:ESI[][}KSAR[HRM STOCK AVERAGES Compiled by the Associated Press. . GAY AND LANDIS " PLEDGE HARMONY Exchange Chief and S. E. C. Member See Era of Co-operation. BY EDWARD C. STONE. Mutual co-operation between the New York Stock Exchange and the S8ecurities Exchange Commission were pledged by President Charles R. Gay i ; and Commis- oner James M. Landis at the convention of the Associated Stock Exchanges in St. Louis last night. ‘The Washington E Exchange is dne of the 21 repre- sented at the meeting and the presidentisa Washington financier, W. W. Spaid. | In his first pub- lic address since his recent election President Gay said that the Securities Exchange Com- mission has the same desire to pre- serve the integrity of the markets, to protect investors and serve industry that the exchanges have. The national welfare comes first | and only those who make a definite welfare will be tolerated, he said. Any change of propaganda implying selec- tive and distorted presentation of facts leveled against securities markets, is a most unfair imputation, Mr. Gay said, and the stock exchanges in explain- ing their functions seek to present all the facts. Mr. Gay attacked the theory that securities markets are responsible for swings in the business cycle. “What- ever the final cause, be it monetary, industrial or psyghological, we know that it is not tH® securities markets. They are mirrors which reflect the changing fortunes of business,” he as- serted. Those affiliated with securities mar- | kets must pound home the passive character of the market place in the Charles K. Gay. By private wire direct to The Star. Prev. 1935 Stock and High. Low. Dividend Ral 7% 4% Adams Expre: 89% 84% Adams Expr pf (5). 331 284 Adams Millis (2) .. 117 8 Addressograph. 8% 415 Advance Rumley... 8% 6% Affilizted Prod (6 135% 104% Afr Reduction (3).. 204 15% Alaska Jun (11.20). 1% % Alleg Corp (K)....o 26% 21 Allegheny Stl (1) 1517 125 Allted Chem (6) ... 12715 12215 Allied Chem pf (7). 20% 12 Allis-Chalmers. ... 20% 14 Alpha Port Cmt (1) 3%, 214 Amal Leather...... 70% 481 Amerada Corp (2).. 57% 42 Am Ag Cem Del(2) 13% Am Bank Note. 3 Am Bank N pf (3).. Am Brake Sh (185c) Am Brake Sh pf(7) . Am Can (15). Z Am Car & Foundry. Am Car & Found pf. Am Chicle (14).. Am Comel Alcohol. Am Crystal Sugar. . Am Crystal Sug pf. Am Encaustic. . Am European Si Am & Foreign Pwr. Am & For Pw pf (6) Am & For Pw pt (7) Am & For Pw 2d pf 4 Am Hide & Leather. AmHide & Lpf.... Am Home Pr (2.40). Am IceCo. .. . Am IceCopf (6).., Am International. .. Am Locomotive. ... Am Locomotive Am Mch & Fy (80c) Am Mach & Metals. Am Metals. Am Metals pf - Am Power & Light. Am P&L $5 pf (1%) Am P&L $6 pt (1%) 4 Am Radiator...... Am Rolling Mills. . Am Safety Raz t5% Am Shipbldg (2)... Am Smelt & Re: Am S&R 69% pt 17 Am S&M 17 pt (1) Am Snuff (13%)... Am Steel Foundry. Am Stl Fdry pf (2). Am Stores (1234) Am Sugar (2).. 140'5 12615 24% 1815 121 98% 86 721, Am Sum Tob (1). Am Tel & Tel (9) Am Tobacco (5). KR T4% Am Tobacco B (5 140 129' Am Tobacco pf (6 6% 213 Am Type Fdrs (k). 19% Am Type Fdrs pf (k price-making process, Mr. Gay main- | tained. The fiction that the market | fixes prices has caused an infinite | amount of mischief, he said, along | with the illusion in some quarters | that securities markets buy and sell | securities. Commissioner Landis said that “we are through with the series of mis- understandings and misconceptions that accompanied the entry of the Federal Govern- ment into the field of security regulation. We have Jearned something of the manner in which we can work to- gether.” With respect to the permanent registration of listed securities, which he de- scribed as the task most imme- diately confront- ing the commis- sion, Mr. Landis said he hoped the major portion of it will be accom- plished by July 1. | The convention is to close this aft- ernoon, re-election being slated for W. W. Spaid, as president. and Eugene E. ‘Thompson, also of Washington, as executive vice president. Bank Speakers Announced. Members of the safe deposit section of the District Bankers Association have received word that the two-day session of the National Safe Deposit | Convention at Asbury Park, June 7| and 8, will be addressed by United States Senator A. Harry Moore, Mrs. Harold Hoffman, wife of the New Jersey Governor: State Banking Com- missioner Carl K. Withers, Miss Helen R. Mallory, First National Bank, Elmira, N. Y, and Dr. Harry G. Thomas, father of Lowell Thomas. Holders of National Power & Light stock and of Associated Gas & Elec- tric, in this city, have received letters urging them to request their Senators to vote against the proposed bill to exterminate holding companies. “De- spite any reports to the contrary,” the National Power & Light Co. say “the bill provides for the disintergra- tion and destruction of your company and of other utility holding com- panies.” Associated Gas believes that “securities of public utility holding companies will come back as they did before, if the industry can secure re- lief from destructive legislation.” The Richmond Reserve Bank an- nounces the redemption of Home Owners’ Loan Corp. 4 per cent bonds, series 1933 to '51, on July 1, and the optional exchange offering of four- year 1'2 per cent bonds of the Home Owners’ Loan Corp., of series F-1939, to be dated and bearing interest from June 1, 1935, Underwriters Report Tomorrow. ‘Members of the District Life Under- writers’ Association and others will make final reports on insurance week results at a luncheon to be held at the Willard at 12:15. The affair is to be called a victory luncheon. The win- ning teams and individuals will be an- nounced, also the total number of ap- plications taken during the week and the aggregate sum involved. The goal of 1,000 new policies was passed some time before the end of the special drive, so the report is sure to arouse great enthusiasm. The underwriters will also hold their annual election of officers. Maj. L. L. B. Angas, author of “The Coming American Boom” and “The Boom Begins,” who is now visiting in New York, has turned over to Alfred A. Knopf, Inc., the manuscript for an- other substantial volume entitled, “Problems of the Foreign Exchanges,” for immediate publication. The book will come out in June. Maj. Angas now has retired from business and is devoting all his time to writing on economic subjects. Transit Stock Leads Trading. Capital Transit stock led trading on the Washington Stock Exchange to- day, closing 4 point higher than yes- terday’s new low mark. One hundred shares changed hands during the ses- sion, five consecutive 10-share sales, 8 40-share block and two five-share lots. The final bid was 15, with 153 asked, against 16 at yesterday’s close. Capital Traction 5s in the bond di- vision recorded a $1,000 sale at 96'%, against the last previous sale at 98. The remaining bond trading was in Washington Gas 5s, 1960, which re- corded three $1,000 sales at & new mark of 118, a jump of 2 full points since the last previous transfer. During the session 10 shares of Washington Loan & Trust Co. stock came out at 200 and two shares of Potomac Electric Power 52 per cent preferred moved at 1123 - LABEL SALES DECLINE. NEW YORK, May 21 (#).—Sales of N. R. A. labels in the apparel in- dustries decreased last week to 26,- 239,665 from a total of 29,636,617 for t=a wesk e M2y 11, according to . “haity renub!. James M. Landis, 147, Am Wat Wks (80¢). 641, Am Wat W 1st (6). 91, Am Woolen. . Am Woolen pf. Am Zinc & Lead. Am Zinc & Lead pf. Anaconda Copper-. . Anchor Cap (60c).. Anchor Cap pf(614) Archer-Dan M t115, « Archer-Dan pf (7). 7 Armour Del pf (7). Armour of [llinois. Armour [11 pr pf (6) Arnold Constable. . 7 ss0 Dry Goods.... Atch To&S F (h2).. Atlantic Coast Line Atlantic Ref (1)... Atlas Powder (2) Atlas Tack.... Auburn Auto Austin Nichol Austin N pf A ( Aviation Corp Del. . Baldwin Loco (k).". Baldwin Loco pf (k) Baltimore & Ohlo. . Banz & Aroos (2%) Barn=dall Corp Bayuk Cigar (£.50) Beldinz Hem (a50c) Belg Nat pt pf (7.02 Bendix Aviation. .. Beneficial Loan 13% Best & Co (2) . Bethlehem Steel... Bethlehem Stl pf Bigelow-San Corp.. Blaw-Knox Rloomingdale pf (7) Blumenthal pf..... Boeing Afrplan Eohn Alum&Br (3). Bon Ami (A)(15).. Borden Co (1.60)... Borg Warner (13%). Botany Mines A (k) Bridzp't Brassalle Briggs Mg (2).... Briggs & Strat (3). Bristol-Myers 12.40 fan i'r (3). 1% Bklyn & Queens. ..., 14 BkIn&Queens pf(2) 43 Bklyn Union Gas(5} 41¢ Brunswick-Balke Bucyrus Erle. . 81 Bucyrus Erie cv pf. 62% Bucyruc Erie pf (2) Budd (EG) Mfg... Budd (E G) Mfg pf. Budd Wheel. . Bullard Co.. . Burns Bros (B) ... 3 Burns Bros pf. 13% Burr Add M (60¢).. 10 Bush T Bldg pf ct.. 1% Butte Copper & Zine 11% Byers (AM)....... —_— 83% California Pkg (13 15 Callahan Zinc. . 24 Calumet & Hecla ... 714 Campbell-Wy (a20e) 8%, Can Dry G A (40c). 50 Canada Southn (3). 9% Canadian Pacific... 307 Cannon Mills (2)... 4% Capital Admin (A). 85 Car Clin & O sta (5) 45% Case (J 1) Co..... 8313 Case (JI) pf (4)... 3615 Caterpil Trac(t1%) 1915 Celanese Corp. 17 Celotex Co (k). . 1% Celotex Co vte (k). 1114 Celotex Co pf (k).. 221 Cent Aguire (1%).. 38% Cerro de Pasco (2). 3% Certain-Teed Prod 23 Certain-teed P nf 37% Ches & Ohio (2.80). * Chi Gt Westn (k).. 1% Chi Gt Westn pf(k) % Chi Mill StP&P... Chi Mil St P & P pf. 2% Chi & Northwest..., 4% Chi & Northwest nf. 4% Chi Pneumatic Tool 20 Chi Pneu Tool pf... 1 ChRI&P (K)...o 25% Chickasha C O 9 Chile Copper.. 31 Chrysler Corp t1%. 20 City Ice & Fuel (2). 87 City Ice& F pf 6%. 314 City Stores. . . 12% Clark Equip (80c).. 23% Cluett Peabody (1). 209 1617 Coca-Cola 8)...... 573 53% Coca-Cola (A)(3).. 18% 15% Colgate-P-P (50¢c). 105% 101 Colgate-P-P pf (6). 15% 9 Collins & Aikman.. 5% 1% Colo Fuel&Iron (k) 2815 5 ColoF &1 pf (k) 19% 10% Colo & South. 7 Colo & South 18 Df. 6% Colo & South 2d pf. 3% Col Gas & Elec..... 35% Col G& Ept A (6). 3415 Colum Pic vte (m1) 67 Colum Carbon (4).. 39% Comcl Credit (2)... 29 Comecl Cred pt (1%) ll'lh 117% Com C 1st rec(6%). 33 2913 Comecl Credit(B)(2) 66% 6564 Comcl Inv Tr 13%. 115% 111 Comel Inv cv pf(e6) 17% Comel Solv (t85¢). lh % Comw-& Southn... 45% 29% Comw & Sou pf (3). 84% 27 Congoleum-N (1.60) 23% Conn Ry & Lit (4%) 7 Consnl Cigar.. . 71 ConCprpf ww6%. 3% Consol Film .. 1415 Consol Film pf 3.75. 15% Consol Gas N ¥ (1) 2% Consol Gas pt (5) 614 Consol Oil. 85% 471« 15 Consol Textile. ..., 9% Contatner Corp (A) 34, Container Corp (B), 41 Contl Baking (A).e % Contl B)ea Sales— Add 00. High. 3 Low. Close. CBC‘ 6% 6% + W 881; 88y + % 1% 31% + % 1% 1% sh 8%+ W 8l + 4 % 129\6 131% +2% 18 184 — % 1 L 26 26 1484 149% + 125 125 67 8Bl 318, - -3 * - ++1 10 Tonm—deamananSnonemn o ++H0 0+ 1+ 3 12 100s (T e T e e L B e s 2 2108 6 EEEEE H L+ 16508 21% 4 11% 308 lll e b5l4 9515 23y 3T 1 11% 29% 368 31% 38% 97k 1% 20% P+ b+ o Rl A I EEFEEsES LS 1 190s 375 3 1608 1 z 27 2 206 205% 205% — 6 56% 564 56 + 15 16% 161 16% + % 3 104% 104% 104% 27 12% 5 1% 9% E R F FEFE ¥ OEF % % + % 119% 119% +2 30% 30% —2% 1 65% 65 654 +1 llllh 114% lllh + % T 20% ll‘ 30 Indust. Net change .. Today (close) . 58.9 Previous day . 58.3 Month ago 55.4 Year ago 504 1935 high 59.4 1935 low 49.5 1934 high 61.4 1934 low 45.3 1932 17.5 1929 1469 1927 . 516 Prev. 1935 Stock and Sales— Low. _ Dividend Rate. Add 00. 46Y% Contl Baking pf (4) 9 62% Contl Can (2.40)... 7 Contl Dia F (albe). 287% Contl Insur (11.35). % Contl Moto! See 15% Contl O Del a12%e¢. 62 Corn Prod Ref (3), l63 149 Corn Prod pf (7) 4% Coty Ine...... 35% Cream of Wht 123 . 12% Crosley Radio.. 23 CrownC &8 (1) x 43'% Crown C&S pf(2.70) 315 Crown-Zellerback. . 14 Crucible St; 4715 Crucible Ste; 1 CubaCo... 5% Cuban-Am Sugar. 40% Cuban-Am Sug pf.. 15 Curtis Publishing.. 8915 Curtis Pub pf (7). 2 Curtiss Wright.... 6'% Curtiss Wright (A) 16 Cutler Hammer PP TR 80% 227 103% 3 © —re S rEEawe o 10% 22 31 26 Deere & Co. . Deere & Co pf(j40c) 2314 Delaware & Hudson 11 Del Lack & West... 65 Detroit Edison (4). 50% 36 Devoed& R (A)(12). 117's 114'5 Devoe & R 1st pf(7) 321y 26!y Diamond M (11.70). 43'3 34 Dome Mines (14).. 8% Dominion Strs(1.20 1715 Douglas Aircraft. . 133 Dresser Mfg A h1% 6% Dresser Mfg B 13 Duplan Stik (1).... ¥6% Du Pont de N (2.60) 1267 Du Pont deb (6)... 112% 104 Duquesne Lt 1st (5) 1008 8 LT 146 110 155 141 20% 16% 29 19 64 3% 6l 1 21 3 39 e 528, 125% Eastern Roll Mills. Kastman Kod (5). . Eastman Kod pf (6) Eaton Mfg (1)..... Electric Auto Lite Electric Boat. Elec & Mus Ind. Elec Pwr & Light. Elec Pwr&Lt $6 pf. Elec Pwr&Lt §7 pf.. Elec Stor Bat (2%) Elk Horn Coal (k). Endicott-John (3). . Endicott-John pf (T 1% Engineers Pub Sve. 15'3 Eng Pub Sve $6 pf.. 5 Equit Office Bldg. Tl 819 6%, 4 Fairbanks Co pr. 17 Fairbanks-Mors 5% Fed Lt & Trac. . 3% Fed Motor Truck. Fed'd D Strs (11).. Fid Ph F Ins(11.35) Filene's Sons 11.20. Firestone (40c).... Firestone pt A (6). First Nat Strs(23%) Florsheim (A)(1).. Food Mach (1). . Foster-\Wheeler. . Foster-Wheeler pf. Foundation Co.. ... Fourth Nat In aé0c. Fox Film (A) Freeport-Texa Fuller Co pr p! 4% Fuller Co 24 ! 1 Gabriel Co (A). 514 Gen Am Investors.. 32% Gen Am Trans(1%) 11% Gen Asphalt 7% Gen Baking (60¢c) 5k Gen Bronze. Gen Cable Gen Cabl 19 Gen Cable pf. 50 Gen Clgar (7). 127'; Gen Cigar pf (7). 2015 Gen Electric (60c). 32 Gen Foods (1.80)... 1 Gen Gas & El (A) 26% Gen Motors (1).... 1175 1075 Gen Motors pf (5). 17% Gen Print Ink(1.20) 9315 Gen Print Ink pf (6) 114 Gen Public Service. 15% Gen Ry Signal (1).. % Gen Realty & Util 16% Gen Refrac ctfs.... 12 Gillett Saf Raz (1). 70% Gillett Stf R pf (6). 244 Gimbel Bros....... 233 Glidden Co(1.30).« wm 1047 Glidden Co pr ot (7) 4% 114 Gobel (Adolf). 14 Gold Dust ILZD) . 715 Goodrich (B F) 40 Goodrich (B F' 15% Goodyear T & R 70 Goodyear $7 pf (4 213 Gotham Silk Hose. . 20 Gotham Silk H pf... 114 Graham-Paige. 6% Granby Consol. 2% Grand Union....... 14% Grand Union pf 1% 18% Granite City Stl (1) 26 Grant (WT)(11%) 9% Great Northern pf. 9% Great Nor Ore (50c) 26% Grt West Sug (2.40) 140 119 Grt West Sug pf(7) 2% 1 Guantanamo Sugar. 614 0% Tl 914 107 20% 9% 9% 374 994 l 3% Hahn Dept Stores. 55 Hahn Dpt Stores pf 4 Hall W F Printing. 615 Hamilton Watch. .. 101 Hanna (M A)pf(7). 16 Harb Walker (1)... 5% Hat Corp (A). 11 Hercules Mot (60c) 71 Hercules Pw (13%) 5% Holland Furnace. .. 6% Holland & Son (50c) 30% Houd-Hirsh A(2%) 615 Houdaille-Hersh B. 1% Houston Oil (new). 43 Howe Sound (3)... 2% Hudson & Manhat.. 6% Hudson Motor Car.. % Hupp Motor: —_— 915 I1linois Central. 2315 Indus Rayon (1.68). 6015 Ingersoll-Rand (2). 46% Inland Steel (2)... 4 Insur Shct Md l4c.. 8% Interboro R T . 4% Interlake Iron. 81 Int Agriculture pf.. 227 Int Cement (1).... 34% Int Harvester (60c) 1% Int Hydro Elec (A). 223 Int Nick Can (60c). 130 125 Int Nick Can pf (7) 3 Int Paper & Pw (C) 2 4% Int Paper & Pw pf. 10 21% Int Print Ink (1)... 2 9% Int Rys Cent Am pf 421 Int Shoe (2)....... 60% Int Silver pf (4). 5% Int Tel & Tel. . 8% Interstate Dept Strs 6% Intertype Corp..... 86 28% Island Creek C (2). —een. 57 49 Jewel Tea (3) 57% 38% Johns-Manvil 73 50 Jones&Laugh? pf 43% 308 4 108 715 Kaufm'n D S(a40c) 15% Kayser(J)& Co 600. % Kelly-Spring T (k). 6 Kelly-Spr T 6% pf. 6 Kelsey-Hayes (A). 14 Kelvinator (170c).. 13% Kennecott C (80¢). 10 Kimberly-Clark. 3 Kinney (G R) Co... 23 Kinney (G R) Copt !GOI 3 Kresge Dept Strs.. 22% 19% Kresge (88)(1)... 113 103 Kresge (8 8) pt (7); 80% 33% Kroger Gr&Bk 15 Rails, «o +.8 Unch. . 219 219 219 321 216 112 15 Util. Stocks. 284 28.5 274 316 29.0 21.6 40.6 242 239 1843 b3ly 5w 8% 34% 1% 21% 2614 20% 8 12% 99 128% 111% 5 +.2 42,0 418 40.0 411 425 348 514 349 16.9 157.7 618 Net. . Low. Close. Chge. +1% EEFEF FPEFEEFT [ e | ++ e L S IR | L+ + 2EE LA ARER F&E FErEs a0 o F FEEEHL L+ + % Prev. 1038 Stock and Low. Dividend Rate. 2!% 24 LambertCo (3).... 12% 8% Lee Rub&Tire (50c) 17% 10% Leh Port Cement. .. 1% Lehigh Valley Coal 5% Lehigh Val Coal pf. 5 Lehigh Valley RR. 67% Lehman C (12.65).. 14% Lehn & Fink (1%). 21% Lib-O-Ford Gl 1.20. 21 Life Saver (1.60)... 109% 93% Ligg & Myers B(15) 16734 151% Ligg & Myers pf (7) 19% 16% Lily Tulip Cup(1%) 24% 17'% Link Belt (60c) 317 2% Liquid Carb (11 40% 31% Loew’s Inc (3). 1081 102 Loew's Ino pf ( 1% 1 LoftlInc..... . 2% 1% Long Bell Lum (A) 361 33 Loose-Wiles (2)... 2114 184 Lorillard P (12.20). 139 124 Lorillard P pf (7)., 47% 34 Loulsv & Nashv(3) 18% 12% Ludium Steel...... —_—— 46 40 MacAndrew & F (13 33% 28 McCall Corp (2)... 13 7% McCrory Strs A (k) 6% McCrory Strs B (k) 365 Mcintyre Porcu (2) 90% McKeesport T P (4) 64 McKesson & Rob. .. 83 McKesson & Rob pt 815 McLellan Stores (k) 20% Mack Truck (1).... 80% Macy (R H)& Co(2) 5'5 Madison 8q Garden, 18% Magma Copper (2). % Mallison & Co. 7 Mallison & Co pf. 4 Manati Sugar pf (k) 208 13% Man Elevmg (k)... 2 10 Manhat Shirt (60c). 1 1 Maracaibo Oil Exp. 10 5% Marine Midld (40c) 8 20 Marlin-Rockwell(2) 5 W Marshall Field..... 3 Martin Parry. 2 Mathieson Alk(1%) 28 4 May Dept Str (160) 2 Maytag Co 2 Maytag pf ww j24. 1 Maytag 15t pf (6).. 2008 Melville Shoe(12%) 5 Mengel Co pf.. 20 Mesta Mach (1 Miami Copper. . .... Mid-Cont Pet l15¢2. Midl'd Stl 1st pf(8) Minn Moline Pow... Minn Moline Pow pt Minn & St L (K).... MStPESSMDpL.a Mission COrp.....s Mo Kans & Texas. » 3 09 1t 1 095 O 0 0 1 TV =3 530900 89 b= 1t 03 09 B - S= NN ONADNERG - 85 s 2 5 3 150: Mo Pacific (k). Mo Pacific pf (k)... Mohawk C M (h25¢) MonsantoC (1).. .. Montgomery Ward. Morrell(J)&Co 3.60 Mother Lode Motor Products (1) Motor Wheel (50¢). Mullins Mfg. Munsingwear Inc. . 6 1 1 2 17 2 3 3 1 9 3 5 6 6 13 2 3 2 | 198 11 27y 14 T 8t 30% 151 18% 1T 4% 248 Nashv Chat & St Nat Aome Co...... t Aviation. . Nat Biscuit (1.60). Nat Biscuit pf (7).. Nat Cash Reg A §0c Nat Dairy Prod 120 32 Nat Dept Store (k). 2 Nat Dept S 18t pf(k 310s Nat Distillers (2).. 79 Nat Lead (5)...... 8 t Lead pf (6) B.. 100s t Powr & Lt (80c 4 t Ry Mex 1st pf. 1 t Ry Mex 2d pf... Nat Steel (113%).. Nat Supply Co. Nat Supply Co of.. Nat Tea (60c) . 2 Newberry(J J) 1. Newberry(JJ)pf Newport Industries N Y Airbrake...... N Y Central RR... Y Investors (k).. Y N H & Hartforé Y Ontario & West ¥ Shipbuilding. . Y Steam pf (6).. Y Steam 18t (7).. « Noranda Mines (h2) Norfolk & W (+10). orf & West pf (4). orth Am Aviation. orth Am Co (1)... North Am Co pf (3) North'n Central (4) Northern Pacific. 357 Northwest Tel (3). 20 NorwalkT&R pf31 91 Ohio Oil (a15¢)..... 17 Oliver Farm Equip. 26% 1'% Oliver FEDPrpfA.. 5% 3% Omnibus Corp..... 20% 11% Otis Elevator (60c) 12113106 Otis Elev pf (6).... T4 44 Otis Steel 46 22% Otis Steel prpf.... 93 80 Owens-111Glass(4) -_ 4 1 Pacific Coast 2d. 19% 13% PacificG& E (1%4). 19 Pacific Ltg (2.40).. 12% Pacific Mills (h50¢) 70 Pacific Tel & Tel () 7 Pac W'n Oil (h40c). 313 Packard Motor.... 2% Par-Public ctfs (k) 11 Park & Tilford 2% Park Utah.... 15 Pathe Exchange. .. 8% Pathe Exchange(A) 8% Patino Mines. . . Peerless Motor Penick & Ford (3 Penney (JC)(2)... Penn Dixie C pf(A) Penn RR (1).. 30 Peoples DS (11%). 17% Peoples GasChi ... T3 Petrol Corp (h50c). 12% Phelps Dodge a25c. 23 Phila Co 6% pf (3).. 1% Pkila & Read C& 1. 35Y% Philip Morris (1)... 51 Phillips-Jones C. 13% Phillips Petrol (1) 1 Plerce Oil. % Pierce Petr 81 Pillsbury Flour 1 50 51 Pitts Screw & Bolt. 224 Pitts Steel pf... ... 1% Pitts United Corp. 614 Plymouth Oil (1)... 1% Porto R Am Tob A.. % Porto R Am Tob B. 6 Postal Tel & Ca pf. % Pressed Steel C (k) 615 Pressed Stl C pf (k) 49% 42% Proc & Gamb (1%) 120'3 115 Proc & Gam pf (5). 30% 20% Pub Sve NJ (2.80). 52% 34 Pullman Ine (3) 9% 5% PureOil.. 70% 49% Pure Oil pf 13% 8% Purity Bakeries (1) —eee 5% 4 Radio Corporation. b1's 86% RadioCorppf B... 26 1% Radio-Keith-Or (k) 16% Raybestos-Man (1) 2% 1 Reis (Robert)...... 11% 8 Remington-Rand.. 93 71% Remington-R 1st pf 89% 70 Remington-R 2d pf. 4% 2% Reo Motor Car 16% 9 Republic Steel 49% 28% Republic Steel pf.., 49 28 RepublicStipfet.. 19% 13 Revere Copper (A). 24% 17'3 Reynolds Metals(1) 2215 12% Reynolds Spr (40c) 61 b54 Reynolds Tob (3).. 51% 43 Reynolds Tob B (3) 7w 5% Ritter Dental...... 30% 21% Roan Antelope Ltd. 40 29% Roy’l D h1.35 3-10c. 1 6414 5T% s 18 17% 21 New York Cotton By the Associated Press. NEW YORK, May 21.—Cotton was quiet today with fluctuations confined | to & narrow range. Early selling in sympathy with easier cables was absorbed by trade price fixing and local buying. Observers saw fewer indications of buying credited to Government agen- cies and according to spot houses, pro- ducers’ pool cotton for June delivery 18 now being held at a steadier basis. n?nwflmwmm Afln 5. Hl!’h. Low. Close. cnn 2 1% 15% 15 1% 1 % 1% 174 15 28% 27% 22% 224 1081 108% 167 18% 24% 31% 415 106% 1% Prey. 1935 High. Low. 26% 26% + % | 46 11 11 15% +1% | 114 110 Safeway 1% — % | 18% 7 2 T + W 2% 1% + %| 9% 15 — W| 28% 28% 4 % 22% - % 108% +1% 167 - % 18 24% 31 1% ¥ T4 1 StL-San 1 StL-San 15 167 % Seaboard 18 24% 30% 397 106% T% Shattuck 8% Silver Ki 6 Simmons 615 Skelly Of 11 28 142 16 1% 20 10% 1% 12% % 10 5 42 59% 3 South Ca Southern Southern Southern Southern Spalding Spalding " Psebres FEFSEF 4 Stand Ga Stand Oll Stand Oil Stand Oil Stand Oil Sterling Stewart- 75 121 3 95 5 54 3% i . 601; 1151 1% Sun O11 ( Superior Superior Sweets C SR e 9% 7% Telautog ~ FFEF 13 Thatcher 611 The Fair 24 Third Av 13% Thompso! ¥ T Tide Wat R4 Tide W 100 Tide Wat 4% Timken- T4 Trans & 47 Transam 5l Transue 314 Truscon 1% s 53% Und-Ell-. Union Ba Un Pacifi Jn Pacifi Un Tank Un United D United D; United G US&Fo U S Leat U S Leat| U S Pipe U S P&F U S Real Us U S Smel EEEETESEE R S United 8 United S Univ Pie 1 Util Pwr Raa) 6315 27 Walgree: 1% Ward Ba. 2815 Ward Ba I+l 4+++ +1 FE FEFFSE F5 i "+ 2" 30% 72 West Pa West Pa West Pa Western Western Western 36 39% 95 b4 28, 18 White R'| PEF F F EIP VE ¥ F 44 33 82% 20 73% Wrigley F 24 4% 26 2% % I+ ++1++4+ 11:00 AM....... 1:00 P.M.. FE EF FEFTEFEF Div: cash pavments based deciarations Unit of trading 9% i stock b Paid sock e Pazaie In ca ~ 4% + % 81y +2 29% — % 40% + % stoc) 291 &i%%dencs 404 ook 1 Blus unchanged to 3 points Jower, with July selling at 12:01. Futures closed steady, 3 higher to 7 lower. High. Low. R 1.93 .05 81 &7 l'fl n Cottonseed Oil. Bleachable cottonseed oil futures closed firm. July, 10.92b; September, 11.02; October, 11.03a11.04; December, 10.97b. Sales, 144 contracts, including 20 switches. b—Bid. Liverpool Quotations. 10% St Joseph Ld (40c), 5% Shell Unton Ofl.... 63« Shell Union Ol pf.. 134 Simms Petrol (1). 16% Snider Packing.... Socony-Vac (60¢). . 111% 107% Sol Am Inv pf(5%) Sou Porto R Sug (2) 132 Sou Porto R S pf (8 Symington (k). Wlen & Co. 5 3 2 Un Carb&C160.... 59 91y +113 Un Oil of Cal (1)... & United Gas 1 pf (5) United Pes D W pf. U S Distributing... U S & For'n Secur U 8 Steel. U S Steel p! 17% Yale & Towne (60c) 2% Yellow Truck. 3134 Yellow Truck pf... 18 YoungSp& W 1% 21% 13 Youngstown S&T.. —_— 1% Zenith Radio. 3 Zonite Product Approximate Sales of Stocks on the N. Total sales for u-.- uu 1,140,000 idend rates as given in Stock and Dividend Rate. 37% Safeway Stores (3) — % | 111% 104;* Safeway Strs pf (6) Add 00. High. Low. Olose. cnn 9 41 40% 40% + % 308 110% 110% 110% = % 30s 114 113% 114 6 18% 19% +1% % h—-% % M=% 81 27% 2 Strs pf (7) Fran (k). Frpt (k). 8 Schulte R Strs pf... 55 Scott Paper (1.70).. Alr L (k). 20% Seab’d Ol Del (t1). 81 Sears Roeb'k (75¢).. T% ServelInc......... 9 Sharon Steel Hoop. 3% Sharp & Dohme.... 44% Sharp & Dpf (3%). 5 (F G) 25¢. ng C (40c) CO..c.uue l.... el 1Ed (1%). Dairies B. Pacific Ratlway.. Rwy pf. e (AG).uue (AG)1st pt EEFFPITE T FEER EFEFFEF +l++1+4+ + +4+4+10 Spang Chalf pf (j1) Sparks-Withington. Spear & Co Spencr Kellogg 1.60 Sperry Corp (5¢) Spicer Mfg... Spiegel-May-Stern. Stand Brands (1).. Stand Brands pf (7) f ‘,4 RadEd] EFERRER & s& Elec. . Stand G & K $4 pf.. Stand G & E $7 pf.. of Cal (1) of Ind (1) of Kan (2 NJ(t1%) Starrett (L 8) a . Sterling Prod (3.80) Stone & Webster. Studebaker (new).. ). Sun Oil pt (6) ofl., Steel 0of Am, raph (80¢c) 4 Tennessee Corp 1613 Texas Corp (1). 28% Texas Gulf Sul (2). 3% Tex Pac Coal & Ofl. 813 Tex Pac Land Trust Mfg(a2ic »f (J8%) enue n Products 1% Thompson Starrett. Asso Ofl. tAOPt6) Otl pf (5) Detroit 28% Timken R B (11%). West'n Air erica (2ic) & Williams 1% Tri-Contl Corp. . 44 Truax-Tra Coal Steel 18 TwinClty RTpf.. . 2 % £ % | Fisher (2). n c&Pap (2) - % Tk c(6).. c pf (4)... Car (1.20) United Afreraft. ... United Carbon 2.40. Inited Corp United Corp pf (3). United Drug. .. yewood. . yew pf (7) United Elec Coal. United Fruit (3).. as Imp (1) -4 r 15t pt (6) U S Freight (1).. USGypsum (1).. U S Gypsum pf (7) U S Hoffman...... U S Ind Alcohol (2) her (A). & F (50¢). 1st pf 1.20 ty & Imp Rubber. ... U'S Rubber 1st pf t&R (1 + % +2 - + 4 tores (A). tores pf... Univ Leaf Tob (2). istpf.... 12 Univ Pipe & Rad pf &Lt (A). Vadsco Sales Corp. Vanadium Corp Ite pt Vick Chem (12.40) Va-Car Chem 6% pf VaEl&Pwpt (6).. Vulcan Detin (a4). n Co (1.20) 5 Ward Baking (A).. king (B). . king pt (2) 24 Warner Bros Pic. N\q Warner Bros Pic pr s Warren Bros Warren Fdy&P (2). Wesson O & S t1%. Wesson O & Spf4. Elec pf (6) Elec pf (1) Pw pf (6). Maryland. Pacific pf. Union. . Westingh'se A B Westingh Westh'se 1st pf 3% Westvaco Chi (40c) Wheel Stl pf (j50c) White Motor.... Elec. . 691y k M S 1.40. 16'1 Wilson & Coal24c Wilson & Co pf (§). Woolworth (2.40).. Worthington Pump Worth Pump pf A.. Worth Pump pf B.. 6 591 178 4k 334 W ir(13%) 81l 20% - % e 2% 3% +% 25% + W 17 1% 31— 4 Stock Egchange. 490.000 . 870.000 48 240,000 12:00 Noon. 750.000 2:00 P.M.. table are the annuai S0 The” iktest "Quarterls o hairyearly lexs than 100 enares tPArLly gxLr last year—no regular rate b Py sn or stock 1 Pius §1 in stock a Paid this x-me- rznorun q, 15 recel tock. 3% T Ix-dlvmn-d £,000 bales. ircluding 1,400 American. Spot moderate business done: point _lower; quotations in_ Ican strict good middling. 7. g: lood ‘mid- dling 7.24; strict middling. 7.08; mid- ling. strict low mldd“ 6.84 miGaIing . 6.507 Strict gpod OFdinary. 8.5t sood ordinary, 6.00. Futures closed gitet . May. 2; u"y 6.51; Octo- anuary. 6.25; SWEATERS IN DEMAND. NEW YORK, May 21 (#).—Pros- pects of increased prices in wool sweaters has resulted in a substan- tial improvement in demand. With yarn quotations moving up 2!2 to 10 cents a pound, selling agents say price advances in sweaters are in- evitable when -current material in- May 81 P —Ooton, | ventoties are exjiausted. . 4 A AT SESSION'S END Realizing on Some Recent Climbers Seen—Specialty Issues Advance. What Stocks Did. ‘Tuesday. Monday Advances . veo 361 286 Declines 231 Unchanged %9 Total issues 781 BY VICTOR EUBANK, Associated Press Financial Writer. NEW YORK, May 21.—The stock market kept its feet on solid ground today and lifted a number of spe- cialties substantially higher. Profit taking among some of the recent climbers did not affect the list mate- rially. The closing tone was firm. Transfers approximated 1,100,000 shares. Business and industrial news was still cheerful, but a high degree of selectivity ruled in securities trading. Some of the copper stocks reflected the optimism expressed by Chairman Brownell at the American Smelting stockholders’ meeting. For the fifth time in slightly over a week the price of lead was raised. It now stands at 4.10 cents a pound in New York. Commodities were mixed. Corn was a bit soft. but wheat improved | Cotton held to a narrow range. Bonds | were irregular. Sterling was some- | what reactionary and the gold monies were quiet. Shares of Celotex preferred, Air Re- duction and Magma Copper got up | about 3 points each. Among others, up fractions to about 2, were Chrysler, American Tobacco “B,” Liggett & Meyers “B,” Universal Leaf Tobacco, American Can, Johns-Manville, Du Pont, Mathieson Alkali, Anaconda, American Smelting, Loew’s, Interna- tional Harvester, Standard Oil of New Jersey, Kelvinator, Cerro de Pasco and Amerada. The utilities were not able to get very far, but the rails were fairly steady. White Motors eased following calling of a strike at the company's Cleveland plant. Chicago Grain By the Associated Press CHICAGO, May 21.—Wheat closed higher and corn lower, after a ragged slow day’s trading today. | Wheat, after sagging half a cent or more through the morning. gained strength near the close on short cover- ing, following steady small lot pur- chases by commission houses. Corn went lower after the opening and lost more, largely on scattered selling. News of any moment was lacking in | both grains. Wheat closed firm, %a% higher than yesterday's finish; July, 90';a%. | Corn closed, *:al’y lower; Jul: 81‘4! 3g. Oats were ':a', off; rye, 3 up. and provisions, 3 to 10 higher. WHEAT— Open. High. Low [Mar ™A A AR : Rty September’ December. P17 anty September.” December . . Chicago Cash Market, No wheat sales; Corn, No. 1 yel- low, old, 90: new, No. 2 yellow, 88a : oats, No. 2 white, 45a45%; No. 1> no rye, buckwheat or feed, 40a60; malt- | ing. othy seed, 12.50a | 1450 hundredweight: clover seed, 11.50a17.00 hundredweight. Liverpool Grain Prices. LIVERPOOL. May 21 (.—Wheat futiires closeg easy Prev. h. Low. Close. May . 4% July “: October Exchange. 2% 4.90%. Baltimore Quo BALTIMORE. May 21 wheat, No. 2. red Winter | domestic. 9472; May, 942 INSURANCE STOCKS NEW YORK. Mas 21 (P.—New York Security Dealers Association e nrll:ky spot, | Aetna cas (2':a) | Aetna Pire (1.60), Aetna Life (0) Asricultural '(3) Am Ins Newark (12) Am Reinsur (2'2) | Am surety (1) Automobile (1 | Balt Amer (108 Boston (16) “ Carolina _(1.10a) Gity of Y new Conn Gen Lif (.80), id & D"D lll\ Firemen's Bk Fire 1 108 0 Glen Falls (1.60). Globe Great Halifax_(90) Hanover (1.60) Hartford Fire (23] Home Fire Sec Home Ins (2.10a Lincoin, Pire Nor River ( Phoenix (2'z Westchester (1.20a} a—Including extra g—Declared or paid so far this year. HUDSON NET REGARDED AS VERY SATISFACTORY Special Dispatch to The Etar. NEW YORK, May 21.—Net profits of the Hudson Motor Car Co. for April were on a very satisfactory basis, and the company’s working capital position was further improved, Roy D. Chapin, president of the com- pany, told stoekholders at the an- nual meeting yesterday. “Retail sales of cars in the United States during the first four months of 1935” Mr. Chapin continued, “make an exceptionally favorable showing. “Actual sales totaicd 26,238 cars, a gain of 27.9 per cent, compared with sales of 20.507 cars in *he same pe- riod last year.” All present directors were re-elected at the meeting. U. S. TREASURY POSITION. By the Assoclated Press. The pfltlnon of the Tre Receipts. $11.31. N ‘Inflfi R’l4 balan: 27, 41 customs receipts lnr the month. $18.500.508. RDCHD" for (h! fiscal year Axmce J\l. 260,255 91 R expenditures. 314.- (including *3.14 of expenditures) excess o( !I- £3.054.500 470 gross 3. 8 decrease of. $2.806 1189 day; wold sssets. [