Evening Star Newspaper, June 4, 1935, Page 14

14 ¥%% IWGEARY TO LEAD BANK DELEGATION Local Junior Financiers to Attend Convention at Omaha. BY EDWARD C. STONE. led by Earle McGeary, newly elected president of Washington Chapter. American Institute of Bank- ing, a good delegation of Washington's junior bankers will attend the thirty-third an- nual convention of the national organization in Omaha, Nebr., in session there June 10 to 15 The complete program has just been announced and includes dis- cussions on pres- ent day banking problems, ad- dresses by promi- nent bankers, in- ciuding President R. S. Hecht of the American Bankers' Association. on “The Bankers' Future” and the usual | national public speaking contest. Charles F. Ellery. national presi- Richard W. Hill, national secre- 7, and Harold Stonier, educational director, are slated for important ad- | cresses. All these officers are well| known to members of Washington Chapter. Many department conferences are | on the program. Chapter administra- t:on conferences will be of special im- | portance. The election of officers will take place on the closing day. The Washington delegates will make many stops on the way to and from Omaha end have an opportunity to do a lot of most interesting sightseeing. Charles F. Ellery. Sharp Gains in Clearings. Bank clearings in Washington in| the first five months of the present | year scored a gain of 870,043, masi over the like period in 1934, accord- | {ng to the latest figures of the Wash- ington Clearing House Association. Checks passing through the tlearing house totaled $360.041780.18 in the| first five months of 1935, while the aggregate amount in the same months | ® vear ago stood at $289,998,505. 32. Bank clearings in the tal in May totaled $77 comparison with $61.662,074.95 in May | of last year, an increase of $16.205.- 87647, a very substantial improve- | ment Both the figures for the five months and the figures for May reveal sound | and steady business advances in Wash- ington since the beginning of 1935. The May clearings were well above | the April figures. Month by month total clearings so far this year compare as follows with | the monthly figures in the same period | in 1934, according to the reports kept by Charles E. Brigit, manager of the Washington Clearing House Associa- tion: 1934. $55,737.297 49,091,924 | 62,209,874 | 61,297,334 61,662,074 1935, January .... $69.566.923 February . 5 March . April May . New Phone Directors Named. Lloyd B. Wilson, president of the Chesapeake & Potomac Telephone Co. of Washington and president of the similar company in Virginia, an- nounced today that C. O'Conor Gool- | rick of Fredericksburg and James Gil- | liam. jr. of Lynchburg have been elected members of the board of di- rectors of the Chesapeake & Potomac | Telephone Co. of Virginia. ! Mr. Goolrick is a prominent attorney and publisher of Fredericksburg. presi- dent of the Virginia Bar Association and a former member of Virginia House of Delegates and State Senate. Mr. Gilliam is secretary-treasurer of the Lynchburg Trust & Savings Co., a director of the Lynchburg National Bank and president of the Arling- ton Coal & Coke Co., the Gilliam Coal & Coke Co. and the Glen Alum Coal Co., all of West Virginia. 77,957,951 Will Address Hoosier Bankers. Robert V. Fleming will represent the American Bankers' Association at the annual convention of the Indiana Bankers' Association late this week. His address will follow the general lines of his recent talks before Wash- ington bankers at Hot Springs and New Jersey bankers at Atlantic City. Representative Steagall, chairman of the House Committee on Banking: leo T. Crowley, chairman of the Federal Deposit Insurance Corp., and President Hecht of the A. A. A. are on the program of the Iowa State ‘Bankers' Association now in session in Des Moines. Marriner S. Eccles, governor of the Federal Reserve Board, may attend the forthcoming convention of the New York State Bankers' Association at Lake George June 8-10, and pre- sent his point of view on the banking act of 1935, the controversial parts of which are sponsored by him. He has promised to make every effort to attend and. if unable to do so, he will send another official of the Re- gerve Board to speak for him. The opposite side of the question will be argued by Dr. H. Parker Willis, professor of banking at Columbia Uni- versity and former secretary of the Federal Reserve Board. Gov. Eccles is slated to speak at the opening &ession on Saturday morning. Transit Stock Again Higher. Capital Transit Co. stock gained an- other half point on the Washington Etock Exchange today, several lots gelling at 19'2. It closed with 19'2 bid and 20 asked. Today's trading was confined wholly to stocks. Potomac Electric Power 6 per cent preferred came out at 1087, edvanced to 109 and closed at 109%;. The same corporation’s 5!2 per cent preferred moved at 113'z. Peoples Drug Stores preferred is now being quoted exdividend. It is reported that Baltimore clear- ings during May totaled $248.821.039, which compared with $235,015,570 in May, 1934. Clearing for the first five months of 1935 aggregated $1152,- 751,748, against $1,066,157,267 in the like period of the preceding year. The Radio Corp. and its wholly cwned companies are continuing the same hours and wage scales as were in effect under the N. R. A. codes. — o B. & 0. CAR LOADINGS INCREASE IN MONTH Special Dispatch to The Star. BALTIMORE, June 4—Car load- ings of the Baltimore & Ohio Rail- road Co. for May totaled 169,264 cars, an increase of. 8,100 cars over April, when the total was 161,164. As com- pared ith May a year ago traffic recorded a decrease of 14.472 cars for the month. FINANCIAL THE EVENING STAR, WASHINGTON, D ~ TUESDAY, JUNE 4 FINANCIAL TRANSACTIONS ON THE NEW YORK STOCK EXCHANGE By private wire direct to The Star. Prev. 1284 Stock and Dividend Rate.. 32 Abrm Strauss (f1). 52 Acme Steel (12 44 Adams Expres: 8 Addressograph. 6% Affiliated Prod (60¢ 104% Atr Reduction (3).. 15% Alaska Jun (160¢). 2, Alleg Corp (k). 2% Alleg pf w330w ( 21 Allegheny Stl (1) 125 Allled Chem (6) 3% Allied Stores. 55 Allied Stores pf 12 Allis-Chalmer: 24 Amal Leather 481 Amerada Corp l!l.. 41% Am Ag Cem Del(2). 1315 Am Bank Note.. .. 21 Am Br Shoe (180c). 110 Am Can (14) . 10 Am Car & Foundry. 253 Am Car & Found pf. 66 Am Chicle (13).... 2214 Am Comcl Alcohol. 6'2 Am Crystal Sugar.. 57% Am Crystal Sug pf. % Am Encaustic. 2% Am European Sec 2 Am & Forelgn Pwr. 12 Am & For Pw pf (6) 14 Am & For Pw pf (7) 2" Am & For Pw 2d pf R Am Hawalian SS(1) 2'4 Am Hide & Leather 29'x Am Home Pr (2.40). 812 Am Ice Co. .. 4, Am International. . 9 Am Locomotive.... 32 Am Locomotive pf. 18% Am Mch & Fy (80c) 4% Am Mach & Metals. 1313 Am Metals. Am Metals pf. 1'; Am Power QUSM. 8% Am P&L $5 pf (1%) 10% Am P&L $6 pf (1%) 1015 Am Radiator...... 13415 Am Radiator pf (7) 15% Am Rolling Mills. . 66 Am Safety Raz (5). 413 Am Seating. . 20 Am Shipbldg U). . 2% Am Smelt & Ref, 63 Am Snuff (13). 12 Am Steel Foundry. 88 Am Stl Fdry pf (2). 3313 Am Stores (12).... 5513 Am Sugar (2) 1813 Am Sum Tob (1). 987. Am Tel & Tel (3 723 Am Tobacco (5). 1035 Low. 2 74% Am Tobacco B (5).. 1\\’! 5 3w 2% 138 20% 60 9 Am Type Fdrs pf(k Tl Am Wat Wks (80¢). 48 Am Wat W 1st (6). 47 Am Woolen. 3513 Am Woolen p: 8 Anaconda Copper 123 Anchor Cap (60c) .. 36 Archer Dan M (1), 1181 Archer-Dan pf (1).. « Armour of Illinois. 513 Armour 11l pr pf (6) 667 Atch To&S F pf (5) 191 Atlantic Coast Line 6 AtlGulf & W Ind pt 21% Atlantic Ref (1). 15 Auburn Auto. 514 Austin Nichol : 3 Aviation Corp Del.. 1'; Baldwin Loco (k).. 712 Baldwin Loco pf (k) 713 Baitimore & Ohlo.. 91x Baltimore & Ohilo pf 100‘. Bamberger pf (%) 3t Barker Brothers S'asBarnsdall Corp.... 15% Reatrice Cre (a50c) 72 Beech-Nut P (13).. 11' Belding- Hem(a50c) 117 Bendix Aviation... 15! Beneficial Loan 1% 21% Bethlehem Steel. 553, Bethlehem St pf... 14% Bigelow-San Corp.. 9% Blaw-Knox. . 2814 Blumenthal pf. . 61a Boeing Airplane 49% Bohn Alum&Br (3). 90 Bon Aml (A)(14).. 21 Borden Co (1.60). 281, Borg Warner (1%). 815 Bridgep't Brass 40¢c 243 Briggs Mfg (2).... 231x Brigzs & Strat (3). 30% Bristol-Myers (72), 36!y Bklyn-Man 't (3). 90 Bklyn-Man T pt (6) 43 Bklyn Union Gas(5} 43 Bucyrus Erie 8 Bucyrus Eriecv pf. 62% Bucyruc Erie pf (2) 3% Budd (EG) Mfg... 23 Budd (EG) Mfg pf 2'3 Budd Wheel. . 8t Bullard Co. 3 Burns Bros pf 131 Burr Add M (60c).. 1 Bush Terminal (k). 1'a Butte Copper & Zine % Butterick (k). 11% Byers (A M)... 32 Byers (A M) f. —— 425 14 e 14 16% 3% Sl 63 497 36% 4's 29% 29 638 6% 455 44nn 24 415 2815 209 5T% ’N% 165 6% 39% 16% wm ]0% 83 22 33% California Pkg (1% 13 Callahan Zine 21, Calumet & Hec 713 Campbell-Wy (a208) 8%, Can Dry G A (40c). 9% Canadian Pacific. .. 4% Capital Admin (A). 45% Case (J [) Co. 361 Caterpillar Tr 19% Celanese Corp. 1% Celotex,Co (k) 11% Celotex Co pt (k) 224 Cent Aguire (13%).. 38% Cerro de Pasco (2). 38 Certain-Teed Prod.. 7% Ches & Ohio (2.80) . 36 Chesapeake Corp(3) 4 Chi Gt Westn (k). . 1% Chi Gt Westn pf (k) 15% Chi Mail Order (11) 2, Chi Mil St P & P pf. 25 Chi & Northwest. ... 4% Chi & Northwest nf 4% Chi Pneumatic Tool 20 Chi Pneu Tool pf 1 ChiRI1&P (k). 2514 Chickasha C O (2). 31 Chrysler Corp (11). 20 City lce & Fuel (2). 87 City Ice & F pf 6%. 31 City Stores. ... 233, Cluett Peabody (1). 1617 Coca-Cola 8) 53% Coca-Cola (A)(3) 154 Colgate-P-P (50¢c).. 9 Collins & Aikman. . 69% Collins & Aik pf (7) 360; 13 Colo Fuel&lron (k) 5 ColoF&lpf(k)... 7 Colo & South 1st pf. 3% Col Gas & Elec..... 13 Col G & E pf A (6). 34'3 Colum Pic v te (t1) 67 Colum Carbon (4).. 3915 Comcl Credit (2) 1097 Comcl Cred 1st(6% " 56% Comel Inv Tr (12)..x 111 Comel Invcv pf(6).x % Comel Solv (160c). . % Comw-& Southn... 2914 Comw & Sou pf (3). 27 Congoleum-N (1.60) 9 Congress Cigar 23% Conn Ry & Lt (4 7 Consol Cigar. 314 Consol Film. . 144 Cons Film pf ($1% 15% @onsol Gas N Y (1). 721 Consol Gas pf (5).. 11 Consol Laundri, 6'3 Consol Of1 % Consol Tex 9" Container Corp (A) 3 Container Corp (B) % Contl Baking (B).. 46% Contl Baking pf (4) 628 Contl Can (2.40) 28% Contl Ins (11.20 % Contl Motors. . 15% Contl O Del a12%e.. 62 Corn Prod Ref (3). 149 Corn Prod pf (7)... 434 Coty Inc..... 35% Cream of Wh (42).. 12% Crosley Rad (a25c) 23% CrownC&S(1)... 4314 Crown C&S pf(2.70) 1 CubaCo.......ocen 5% Cuban-Am Sugar 40% Cuban-Am Sug pf.. 40 Cudahy Pkg (2%).. 15 Curtis Publishing.. 891 Curtis Pubpf (7)., 2 Curtiss Wright.... 6% Curtiss Wright (A) 73 Cushmans pf (T)... 16 Cutler Hammer ... e —— For the week ended June 1 car Joadings showed a total of 39,094, com- pared with 39,539 for the congparable week of last year and 40,075 uu for the immediately preceding week. 31 26 434% 19% 22% Deere& Co...... 19 Deere&Co pt (1406) 23% Delaware & Hudson 11 Del Lack & West. .. 65 Dou’oik!‘llnl e Sales— Add 00. 208 53 6 1% T 133 1% 1 manaBeoen s Twnnm—— - 56 GSOI 808 1 5 150. 58 1 4 1008 47 10 60s 58 405 1 28 2 15 46 2 i 5 1 10s 6 108 7 nn. 9 b1 3 39 PSR TOPRE YV 338 13 608 3 137 109 1% 5 4 16 18% Tig 5 31 141 11045 14 5 4 16 191 T 9y 5 314 35 65 131 4412 1 24 3210 210 210 55% 15% 15% 8915 8 43 40s 308 11 120- 2 1 9 10 108 1 80% 55% 15% 145 8715 1% 914 1015 67 55% 15% 15% 8914 13 10% 1015 Tl 67 581y 8674 461 111% 112 198 15 46% 34% 124 Net. High. Low. Close.Chge. 36 36 36 1 444 AR R R e ?Jr:é’i}‘f::.’f 4t 5 FhbE 44 4+ 4+ 4+ |f‘:; +'0_0I+ & OFES FEFFEF FF P FS8 £ STOCK AVERAGES Compiled by the Associated Press. 30 Indust. +1.1 579 568 55.6 513 59.6 495 614 453 135 +.5 222 217 20.6 328 Net change .. Today's close .. Previous day Month ago Year ago .... 1935 high . 1935 1934 1934 1032 1929 1927 low (*) New 1935 high. _—————————————— Bales— Add 00. Stock and . Dividend Rate.. 36 Devoe & R. A (11). 26'3 Diamond Mat (71). 244 Dome Mines (12)... 6% Dominion Strs¢1.20 17's Douglas Atrcraft. . 1313 Dresser M A (b1%%) 3 Dunhill Internatl.. 86% Du Pont de N (2.60) Du Pont deb (6) 149y 110'3; Eastman Kod (5). 16% Eaton Mfg (1).. 19% Electric Auto Lite 107 Elec Auto Lite pt 7. 3% KElectric Boat. 6 Elec & Mus ind. 1's Elec Pwr & Light. 21; Elec Pwr&Lt $6 pf. 3 Elec Pwr&Lt §7 of.. 39 Elec Stor Bat (2%) 52%, Endicott-John (3) & Pub Sve 35 pf uft Office Hld: . 12 6 8% 3y 13% 154 491y 208 12 15 Evans Auto (a75¢). 4 Fairbanks Co pt 17 Fairbanks-Mor 1% Fairbanks-Mrs p. 5 Fed Lt & Trac. . 3% Fed Motor T(alle). 35 281 Fid Ph F In (11.20). 112 1064 Filene'sS pf (633) 131 Firestone (40c).. £41y Firestone pf A (6).. 45% First Nat Strs(2%) 2Y Follanshee Bros (k) 20% Food Mach (1). 974 Foster-Wheeler... 60% Foster-Wheeler pf.. 4% Foundation Co 16% 8% Fox Film (A). 28'; 17% Freeport-Texas (1) —_— 9% 7 Gamewell Co 813 5'3 Gen Am Investors 38% 32\ Gen Am Trans(1%) 194 11% Gen Asphalt. . 91, Th Gen Baking (60¢). 115 Gen Baking pf (8).. & Gen Bronze 2 GenCable. 4 GenCable (A).. 19 GenCable pt 50 Gen Cigar (14) 201 Gen Electric (60c). 32% Gen Foods (1.80). '« Gen Gas & El (A) s Gen Mills (3). E 268 Gen Motors (1). 117'5 107'2 Gen Motors pf ( 2 17% Gen Print Ink(1. 93'; Gen Print Ink pf (6 4 Gen Realty & Util.. 145 Gen Real &U pf ww 16% Gen Refractories. . 16' Gen Refrac ctfs Gen Stl Casting pt. Glllett Saf Raz (1). Gillett Stf R pf (6). Gimbel Bro: 23% Glidden Co 1ix Gobel (AdoIf)...e0. 14'. Gold Dust (1.20). 713 Goodrich (B F). 15% Goodyear T & R 20 Gotham Silk H of 113 Graham-Paige. 5l Granby Consol 2% Grand Uniton.. 14% Grand Union pf 1" 26 Grant (W T) (11).. 9%, Great Northern pf. 9% Great Nor Ore (50c) \ 26% Grt West Sug (2.40) llfl 119 Grt West Sug pf(7) 21 Green Bay & W (1), 1 Guantanamo Sugar 48 Gulf States Stl Ist. 101, 16 Harb Walker (1). 5'3 Hat Corp (A)... HatCpf ww (615). Hazel Atlas Gl (5). Helme (G W) (5). Hereules Pw (13) ... Hershey Choc (3) Hershey C pf (14) 9% 5% Holland Furnace. 412 333 Homestake (112)..4 40% 307 Houd-Hirsh A(2%) 142 6'; Houdaille-Hersh B. T 9t Houston Oll. 113 Houston Oil (new). 43 Howe Sound (3) 64 Hudson Motor Car. % Hupp Motors 1034 14079 127 80 71 811 T34 114'5 104 914 I1linois Central. . 2315 Indus Rayon (1.68) 601, Ingersoil-Rand (2). 46% Inland Steel (2).. 213 Inspiration Copper. 8% Interboro R T . 41, Interlake Iron 5 2%, Int Agriculture. . 18415 149% Int Bus Mach (D). 6% 3% Int Carriers Ltd 20¢ 33 227 Int Cement (1)..... 44% 341 Int Harvester (60c) 152 135 Int Harvester pf(7) 2% 1% Int Hydro Elec (A). 29% 2214 Int Nick Can (60c). 130 125 Int Nick Can pf (7) 1',- % Int Paper & Pw (C) 415 Int Papér & Pw pf. . 2115 Int Print Ink (1)... 9815 Int Print Ink pf (6) 29 IntSait(113). 42% Int Shoe (2). 6015 Int Silver pf (4) 5% Int Tel & Tel. . 87 Intersiate Dept Strs 614 Intertype (a20¢). .. 12015 110 Island Creek pf (6). 59 49 Jewel Tea (3). . 57% 3815 Johns Maranva2ic. 125 117'; Johns-Manv pt ((7) o o cumRamaNe~S~deanaa - - » S o Kans City Southern Kayser(J)& Co b0e. Kelly-Spring T (k). Kelly-Spr T 6% pf. Kelsey-Hayes (B). Kelvinator (t50¢)..x 15 Kennecott C (60¢) 60 Kinney (G R) Co pt 10- Kresge (S 8)(1) 699 56 Kress (S H)(f1). 28% 224 Kroger Gr&Bk 1.6 —_— 24 LambertCo (3).. 81 Lee Rub&Tire (500) 10% Leh Port Cement... 5'3 Lehigh Val Coal pf. 5 Lehizh Valley R 674 Lehman C (12.40) 21% Lib-O-Ford Gl 1.20. 21 Life Saver (1.60)... 94y Ligg & Myers (14). 93% Lizg & Myers B(14) 17 Link Belt (60¢c).... 245 Liquid Carb (t1)... 31% Loew's Inc (2)..... Y 1% Long Bell Lum (A) 130 126 Loose-Wiles pf (7). 21% 18 Lorillard P (11.20). 17% 10% Loulsv GEE(A)1} 475 34 Louisv & Nashv(3) 18% 12% Ludium Steel —_— 13 T4 McCrory Strs A (k) 614 McCrory Strs B (k) 36% Mclintyre Porcu (2) 90's McKeesport T P (4) 57 McKesson & Rob. .. 32 McKesson & Rob Df 815 McLellan Stor 85% McLellan S pf (k). . 18% Mack Truck (1).... 30% Macy (R H)& Co(2) 18% Magma Copper (2). 4 Manati Sugar pf (k. 13% Man Elevmg (k).. 10 Manhat Shirt (60¢) 4% Marancha Corp.... 5% Marine Midld (40¢c) 20 Marlin-Rockwell(2) 6% Marshall Field..... 23% Mathieson Alk(1%) 85% May Dept Str (1.60) 5% Maytag Co.. 83 Maytag pf ww 125, 84% Maytag 1st pf (l)’ A B3 20% 2%, 16% 1319 18% 214 38 241y 38, 15% - 6 3% 125 13% 23 198 Rails. . Low. Close.Chs: 15 60 Util. Stocks. +5 +.8 *30.4 421 299 413 270 397 31.8 418 304 426 216 348 406 514 242 349 239 169 1843 1577 618 618 Net. 41% —1% 3%+ W 42l 2 41 31% 42% 7 24%, 19 3 9™ 128% 142 18 20% 111% B 114 5a % Pr7e s&s TR FETEELEFF s #Vprrs e AR Al R et Tt fl‘h#% Prev. 1938 Btock and High. Low. Dividend Rate.. 5 3 Mengel Co... 22 Merch & M Tr( 24'% Mesta Mach (1 215 M 1 Copper. 1 9'4 Mid-Cont Petalbe. 19 81 Midland Steel Prod 1 60% Midl'd Stl 1st pf(8) no- 58 Minn Hon R (13)... 110 105 Minn H Reg pf (6). 3% Minn Moline Pow.. 31 Minn Moline Pow pf 1 MStP&SSMpf.. 10% Mission Corp. 2% Mo Kans & Tex: - 57 Mo Kans & Tex pf. 115 Mo Pacific pf (k) 10% Mohawk C M. . 65 MonsantoC (1) 21% Montgomery Ward. 567 Morrell & Co (3.20), % Mother Lode....... 1744 Motor Products (1). T4 Motor Wheel (50¢). 7 Mullins Mfg.. 3674 Mullins Mg pf. 4% Murray Corp sh Motors (1) Nat Aame Co Nat Biscult (1. 12% Nat Dairy Prod 1.20x 115 Nat Dept Store (k). 17 Nat Dept S 18t pf(k 2314 Nat Distillers (2).. 21 NatEn & Stpg (2) 175% 145 Nat Lead (5). 136 121% Nat Lead pf (B) (6) s Nat Powr & Lt (80c 40% Nat Steel (11)..... 9 Nat Supply Co.. 36 Nat Supply Co pf. 814 Nat Tea (60c). 713 Natomas Co (60¢). 4‘\‘: Newberry(J J) 160 s Newport Industries w, N Y Alrbrake...... 124 N Y Central RR... 13 { Y Chi & St L p! 3 \ Y & Harlem (5 Y Investors (k). N YN H&Hartforé 4 N Y N H & Hart pf. 1 N ¥ Shipbuilding. .. N Y Steam pf (6).. N Y Steam 1st (7). Noranda Mines (h2) Norf & West pf (4). North Am Aviation. North Am Co (1)... North Am Ed pf (6) 1314 Northern Pacific... 9% Ohio Ofl (alsc)..... 1 Oliver Farm Equip. 13% Oliver FEprpf A.. 11t Otis Elevator (50:) 4% Otls Steel. 80 Owens: 3 308 408 29 6 99 13 36 18 2 l'uq PaclficG&E (1%). 28 Pacific Ltg (2.40) . 1 Pacific Tel & Tel (8} 20s Pac Wn Oil (bi0c). 2 Packard Motor. . Panhandle Prod&R. Par-Public ctfs (k) Park Utah. Pathe Exchange(A) Patino Mines...... Penick & Ford (3) Penney (J C)(2) Penney (J C)pf(6). Penn Dixie Cement. Penn Dixie C pf(A) PennRR(1).. Peoples DS (1) Peoples Gas Chi. Thelps Dodge aZ5c. Phila Co 6% pf (3). Thila Co pf (6) new Prila & Read C & 1. Philip Morris (1).. Phillips Petrol (l). Pierce Oil Pillsbury Flou Pitts Screw & Bolt. Pitts & W Va Plymouth Ofl. Postal Tel & Ca pf. Pressed Steel C (k) Pressed St C pf (k) Proc & Gamb (1%) Proc & Gam pf (5). W Puh Sve N J (240). Pub Sve N J pf (5). Pub Sve N J pf (6). Pullman Ine (3) Pure Oil. oil'nt ity Bakeries (1) 36 1 33 9 o Corporation. 50 Radio Corp pf A 3‘4 x Remington-Rand.. Remington-R 1st pf Reo Motor Car tepublic Steel Republic Steel pf.., Republic Stl pfct.. Reynolds Metals(1) ReynldsMet pf 31z.. Reynolds Spr (40c) Reynolds Tob B (3) 21°% Roan Antelope Ltd. 29'; Roy'l Db1.35 3-10c. 46 37T\ Safeway Stores (3) 114 110 71% 104 ™ 18 B St Joseph Ld (40c). St L-San Fran (k).. St L-San Fr pf (k). Savage Arms. . 1 Schenley Distiller: 38 Schulte R Strs pf... &0 Seaboard Atr L (k). 53 Seab'd O Del (t6%¢) 13 Sears Roeb’k(a75¢) 47 Second Nat Invest. 1 Sec Nat Inv pf $1% 100s Servel Inc. . 19 Sharon Steel Hoop. Sharp & Dohme. Shattuck (F G) 25¢. Shell Unton Ofl.... 63'x Shell Union Oil pf.. 8%, Silver King C (40c) 6 SimmonsCo....... 135 Simms Petrol (1).« 62 Skelly Oll..cveenen Add 00 High, 508 121'3 1 4% Bl 9'a 72 &3 404 708 107 3 108 120 69 347 1 874 Safeway Strs pf (7) 110s 113 18% Prev, 1035 High. Low. 35% 20 15% 11 Nes. Low. Close.Chge. 34 26 ~1% 29 - % 3% + % 12% + % 10% + % 4% + 89 —1% 108 A% 46 1% 12 3 167 19% 16 20% ™ 5% 105 12% 79'2 194 @ e [R5 T'a 1 4% % 5 12% 16 3874 27% 5015 16% 67 17 104 % 3 5% 121 17% 3 93 ST e e EFEFE FE ¥ rer 6015 o 11 - 5 e AT - 9% 233 36% 25% 14 13% 1 5 s 18 14% 82'y United United United 3% Und-Ell-Fisher (2). 29 Union Bag&Pap (2) 44 UnCarb&C1.60.... Un Oil of Cal (1) Un Pacific (§). » Un Pacific pf (4)... Un Tank Car (1.20). United Afrcraft.... United Afr L vte... United Carhon 2.40. United Lorn Pt (3). United Drug.... United Dyewood. United Dyew pt (7) v United Fruit (3)... United Gas Imp (1) Gas 1pf (5). United Pce D W. Unit P'iece D W pf., U S Freight (1).... U S Gypsum (1)... Stock and Dividend Rate.. 24 Sloss-Sheffield pf. 15% Snider Packing.... Socony-Vac (60 28% 20 Sou Porto R Sug (2) 148'2 132 Sou Porto R S pf (8. 105 South Cal Ed (1%). 12% Southern Pacific..u 7% Southern Rallway.. 10 Southern Rwy pf... 5 Spalding (AG).... 3! Sparks-Withington, T% Sperry Corp (a2ic) 813 Spicer Mfg... . 1 437 Splegel-May-Stern. 13% Stand Brands (1).. 4% 130 123 Stand Brands pf (7) 40s123 2'4 Stand Com Tobacco 3 1'4 Stand Gas & Elec 1% Stand G & E $4 pf.. 4% Stand G & E $6 pf.. 6 StandG&E $7 pf.. 27% Stand Oll of Cal (1) 23 Stand Oil of Ind (1) 35% Stand Oil NJ (11). 1215 Starrett (L S)a25c. 1 584 Sterling Prod (3.80) 1's Sterling Secur (A). 6% Stewart-Warner. ... 2! Stone & Webster. .. 2'4 Studebaker (new Sun Ofl (1) 115'%; Sun Oil pf (6 Superheater (50c). 1% Superior Oll.. Superior Steel. 5% 3% SweetsCoof Am Low. Close. cnn‘ 29% 17% 13% 25% 9 Add W High. 5 64 11 38 3 10 4% o li 12% 3 131 56 35% 21 25% 134 4R, 15 61 1% ) 5 215 fFrersses ~ ¥ 10 3 20 14 +I«HcH++|++:4;0+ll¢uu¢¢++4 ¥ 163 Texas Corp (1).... 28% Texas Gulf Sul (2). Texas & Pac R R. .. 314 Tex Pae Coal & Oil. 813 Tex Pac Land Trust Thatcher M (a30c). 50 Thatcher M pf (3.60 5% The Fair. .. 213 Thermoid Co. 4 Third Avenue 13% Thompson Products ‘Thompson Starrett. 7% Tide Wat Asso Ofl. Tide Wat A O pt(6) 4% Timken-Detroit. ... » Timken RB (11)... a Transamerica(2ic) 7% Trans & West'n Air 1% Tri-Contl Corp..... 69 Tri-Contl Cpf (6).. 36 Trico Prod (21%)... 4%4 Truax-Tra Coal.... 313 Truscon Steel... Twin City R T pf i Ed ® REER s + % -vl"- k3 P - +1 +2 141 3 + % =5 lec Coal. = “1% 1103 4 2808 5 8 U S Hoffman... o U S Ind Alcohol (2) U S Leather. . Leather (A). S Leather prpf.. 'L Sqmel!&' R (AU U?Sm&flpf(l‘ql s US Steel... U S Steel pf (2) U S Tobacco (15).. United Stores (A).. 6315 150 24 2% 1 s Univ Leaf Tob (2). 133% Univ Leaf T pf (8). 1% Univ Pipe & Rad Util Per & Lt (A).. '3 Vadsco Sales Corp. 213 llh Vanadium Corp. 4% 100 31 120 114 3w 14 4% 261 61 2 Va-Car Chemical ‘s Va El1 & Pw pf (6).. 26' Walgreen Co (1.20) 26 7 Walgreen pf (633). 150s 117 Walworth Co...... Warner Bros Pic... Warner Eros Pic pf 40! Warren Bros. 3 19 2 3'a 23 Wesson O&S (150¢). Wesson Q& Spf 4. West Pa Elec (1) A West Pa Elec pf (6) West Pa Elec pt (1) West Pa £w pf (7). Western Maryland. Western Pacific pf. Western Union. .. Westingh' Westingh'se Elec. . Westh'se 1st pf 3% Weston Elec A (2). aco Chi (40¢) Wheeling St pf $30c White Motor. White R’k M S 1.40. Wilcox Rich A(2%) Wiison & Coal2so Wilson & Co pf (§). Woolworth (2.40).. 2512 Worth Pump pf A.. 230 20 Worth Pump pf B.. We 4l 26% St 21" 13 -5 + 5] 4 ?m + 4 +1 +2ta | 2% Yellow Truck...... 18 Young Sp& W (11). Youngstown S&T.. 3 Zonite Products.... Appronmu Sales of smn on the N. Y. Stock Exchange. . & Total sales for the day. &7 Dividend rates as siven in the above table are the annual cash | 108 59 508 68% 508 117 65 i 10 311 e A B 50¢ 211 +3 . + % 5 . + N 65t + 1 581 381 32% 12 59 39% 324 391 31, 3219 + & 6 12 6 2%, 24" 15% 2% 244 15% 28 2478 + N 164 + 5 19 3% 3u 3+ y 410,000 | payments based on the latest quarteriy o STnit of trading less than 100 shares. 1 Accumuiated dividends. k Companies x Ex dividend. extra Iast reorganized. 1% + 3 | 95 + M aPaid this vyear. b Paic reported in receivership or being CORPORATION REPORTS TRENDS AND PROSPECTS OF LEADING ORGANIZATIONS. NEW YORK. June 4.—Following is | today's summary of corporation news, ’ prepared by Standard Statistics Co., Inc., New York: ‘Waco Aircraft Co.—March quarter deficit was $52,035, vs. deficit $31.263. Hercules Motors Corp.—March quar- | ter common share earnings wefe :fl; cents, vs. 7 cents. Equitable Office Bulilding Corp.— Common share earnings, year ended April 30, were 63 cents, vs. $1.42. Sangamo Electric Co.—Declared a dividend of $5 a share on account of arrears on preferred stock; giving effect to current distribution, accumu- lations on this issue amounted to $11.75 a share. Ritter Dental Mznufacturing Co.— It was said plants currently are oper- ating at capacity and company has been in the “black” since May 1. Colon Oil Corp.—1934 deficit was $1,410,384, vs. deficit $1,100.521. Consolidated Oil Corp.—Sinclair Re- fining Co., subsidiary, has received contract for the supply of lubricating oils for the Navy Chicago, Burlington & Quincy R. R. —Bus service between Chicago, Den- ver and Los Angeles is being doubled as result of a steady travel increase. Norfolk Southern R. R.—Deficit, four months ended April 30, was $193,463, vs. deficit $186,123. Western Pacific R. R. Corp.—Jesse Jones, chairman of R. F. C,, was re- ported as stating that that agency would file plans for reorganization of Western Pacific and Denver & Rio Grand Western Railroads unless spon- sors of such plans, including present managements of the roads, take action soon. New York Shipbuilding Corp.— March quarter deficit was $160,543, vs. net income $10,050. States for the week beginning June 3 is scheduled at 39.5 per cent of capac- ity, according to American Iron an Steel Institute; this compares with 423 per cent a week ago. Columbia Pictures Corp.—Company has contracted to take over a skating arena in west end of Toronto. where motion pictures will be produced in conformance with British film quota regulations, which require that United States companies exhibiting films in | Great Britain must produce a certain | | portion of their pictures on British territory. CORN BELT LAND SHOWS RECOVERY Prices Up $10 to $30 an Acre From Levels Year Ago as Sales Increase. By the Associated Press. DES MOINES, Iowa, June 4.—Corn American Power & Light Co.—Pre- | belt land, a survey disclosed, is selling | ferred share earnings, 12 months | ended March 31, were $2.78, vs. $2.08. Brookly —Underwriters of the $10.000,000 is- | -Manhattan Transit Corp. | $10 to $30 an acre over last year's average figures. Land brokers, especially territory embracing Iowa, in the Eastern STOCKS TEND UP BUT TRADING LAGS .| Commodities, Rails, Oils and Tobaccos Forge Ahead. Closings Firm. WHAT STOCKS DI Advances, Declines Unchanged. Total issues BY VI ICTOR TOR EUBANK, Assoclated Press Pinancial Writer, NEW YORK, June 4.—The stock market gave another bullish perform- | ance today, aided by cotton, grains |and other commodities. Rails, ofls, chemicals, tobaccos and scattered spe- cialties pushed forward at a brisker pace than in the preceding session. Trading was still quiet, however, transfers approximating 800,000 shares. The close was firm. Speculative forces apparently were largely influenced by expectations of good news from Washington. Late | word from the Capital that the Pres- ident would ask Congress to restore |the N. R. A. on a restricted basis | found equities at their best levels of | the day. Cotton jumped about $2 a bale and *|on sharp gains at Liverpool + 4 594 118 | T Annual rate plus | wheat rallied neaily 2 cents a bushel Sec- ondary bonds led a revival in bond dealings. Foreign exchanges were rathe: narrow. although French francs sagged despite a vote of con- fidence given *he .aew government by | the Chamber of Dcputies Advances of fractions to more than 2 points were registered by shares of nion Pacific, Santa Fe. United States Steel common and preferred. Colum- bian Carbide. Union Carbide, Du Pont. Allied Chemical, American To- bacco “B” Liggett & Myers “B.” Philip Morris, American Can, Con- tinental Can, Case, Deere. Johns- | Manville, American Woolen preferred !Common\\eal!h & Southern preferred Public Service of New Jersey, United States Industrial Alcohol, Loew's, Standard Oils of California and New Jersey, Seaboard Oil and American Crystal Sugar. A gain of more than 4 points was shown by Cuban-Ameri- can Sugar preferred Most of the utilities were hesitan! during the greater part of the ses- |sion. but these came back near the finish. The metals were not en thusiastic as the price of imported bar silver in New York was redured 134 cents at 72': cents an ounce. By the Associated Press. CHICAGO, June 4-—An unexpected advance of around 2 cents in Liver- pool wheat prices resulted in higher quotations in Chicago today. The in- jection of bullish foreign news into trade gossip more than offset bearish- ness of favorable crop prospects, with private authorities predicting & total domestic wheat production this year 40 per cent greater than last year. Some traders showed hesitancy pending clarification of the adminis- tration’s program in the light of the | restrictive effect of recent Supreme Court rulings. Wheat closed 17, to 17« cents above the previous finish, the upturn aided by short covering, with July at 837« 84. Corn was !x-'; higher, July, 80%,- “s. Oats were unchanged to 3 lower, ryve 3-1; higher and barley was un- changed. Provisions were steady to firm. AT— i 5 JNHEAT— Open. Hish. Low Glose September | Decemoer. oATs—’ July Septen.ber.. December. . RYE— July A S Decemo: | Sentember.. Juiy September October | BELLIES | du 13.00 Eiember 1 (‘hkzgn Cash \ilrkel { Cash wheat. No. 1 hard, 97: No. 2 | mixed, 8713; corn, No. 2 yellow, 87a | 8712: oats, sample feed, 343 ; sample | grade, 37 no rye; no buckwheat; n soy beans: barley, seed, 48a60: malt- ing. 58a1.00: timothy seed, per cwt. 10.00a12.00; clover seed, per cwt., 11.00a15.75. Liverpool Grain Prices. LIVERPOOL. June 4 (#.—Wheat fu- tures closed firm | Prev July October December Exchange. 4.91% Baltimore Quoulhml BALTIMORE. June 4 gheat; No_ % red Winter. domestic, 90, June. By the Associated Press, NEW YORK, June 4 —Cotton rallied approximately $2 a bale today on ac- tive foreign demand and reactionary buying following the sharp break of late last week. Steadier Liverpool cables, a less favorable view of the crop start and an improved technical position were mentioned in connection with the advance. The volume of trading tapered off as the market awaited expected an- | nouncement of administration plans ). —(Close). sarlicky, spot. sue of bonds scld by company in 1934 | Nebraska and Southern Minnesota, 110r the recovery program late today. were indemnified against any civil| where dealings have been most numer- | liability based on any alleged untrue statement of a material fact or omis- sion of a material fact in the com- pany's statement to Securities Ex- change Commission. Reo Motor Car shipped 2,423 cars and trucks in May, the highest for any month except one since October, 1930. Byron Jickson Co.—Company called for payment July 1, 1935, at 102!, entire issue of its convertible 8'; per cent debentures, due January 1, 1940 American Smelting & Refining Co. —Company reduced price of lead 15 points to 4.10 cents a pound, New York. Eastern Steamship Lines, Inc.— Deficit, four months ended April 30, was $560,453 vs. deficit, $562,872. American Rolling Mill Co.—It was said that public offering is expected June 10 of $25.000,000 10-year 41, per cent convertible debentures of this company, proceeds of which will be used not only to redeem bonded debt bearing higher rates of interest, but | also to finance construction of a new plant; debentures, it was said, may be converted into stock at $25 a share by November 1, 1944. Sl e Square D Co.—March quarter class B share earnings were $1.09 va. 38 97%+l mpmmumunhmum cents, [} Co—Company | ous, expect the upward price trend to continue. Buyers are paying $100 to $130 an acre for good land, with many purchasers putting down the cash. Bank officials, insurance company executives, and real estate agents October rallied from 10.99 to 11.23 |and was selling at 11.15 at the begin- ning of the last hour, when the mar- ket was about 30 to 35 points net higher. Futures closed very steady. 40-45 higher. High Close, | assigtied six reasons for renewed activ- | ity in the long dormant farm land market and for the price gun: ‘The higher general price level; fear of inflation; confidence in busi- ness improvement; freer circulation of money; lower interest rates on loans. | and the view that land is a good investment. e TRANSIT BONDS CALLED NEW YORK, June 4 (#).— The Cleveland Railway Co. is calling its outstanding first mortgage 6 per cent bonds on September 1 at 104 and accrued interest, it was announced today. At the end of 1934 there was outstanding $4.800.000 of the bonds. Before the call date the company stated it would offer holders a new issue at a lower coupon rate. MONEY MARKET. YORK. June 4 ( —Call mones s per cent all day: time loans 80-90 days. 1y offered: 4-8 months i offered: prime commercisl paper. 3 per bankers' scceptances unchanged. re- ulm% unt rltl. New York Reserve bank. NEW steady: steady: Cottonseed Oil. Bleachable cottonseed oil futures closed firm. July, 10.42; September, October, 10.43b: December, .27, January, 10.25. Sales, 95 con- tracts including 6 switches. b—Bid. Liverpool Quotations. ERPOOL. June 4 (M.—Ootton. bales. inciuding 200 moderate business “done points higher: __auotations American strict good middling. ddling. 6.94: strict middling. mid trict_low middling. . strict good ordinary. 6.14: 5 Eutures closed very Y Janiary. 5.00r March 5 98: |NEW YORK METAL MARKET. NEW YORK. June 4 P —Copper glectrolytic spot_and future 00: export. 7850 , 0 redt Tip 88 : futures. d.p, Lead uiet For bl Fast ot Louts, i ikt e Bl s S -1 430, Aluminum. 19. 00822.00.