Evening Star Newspaper, June 4, 1935, Page 15

FINANCIAL. REGISTER GAINS Other Departments Quiet, With Prices Narrow. U. S. Issues Easy. - By the Associated Press NEW YORK, June 4—Bond trad- | ers thought well of secondary railroad issues today, and this group registered numerous gains. Other departments were with prices showing narrow changes. United States Governments were easy, closing unchanged to 5-32 of & point down. S BALTIMORE CONCERN USES §. E. C. METHOD Offers Sinking Fund Coupon' Notes, Proceeds to Go to Loan Retirements. Special Dispatch to The Star. BALTIMORE, June 4—One of the | first pieces of new financing to be undertaken by a Baltimore industrial concer under the new laid down by the Securities and Ex- change Commission will be an offering by the Read Drug & Chemical Co. of £500.000 of 5'» per cent 10-year sink- ing fund coupon notes, due May 1, 1945, The issue will be offered at 99 and ! The proceeds, will accrued ac- cording interest. to the prospectus, loans, obligations and to provide additional working capital for the acquisition of additional properties or for general corporate purposes. The company. which operates a number of stores throughout the | State, is providing an anaual sinking fund of 15 per cent of new earnings of the company and the notes are redeemable at 102!, up to May 1, 1937, and on a graduated scale downward thereafter. DAILY 0IL PRODUCTION DOWN 40,005 BARRELS By tha Associated Press TULSA, Okla.. June 4 —With Okla- homa agzain leading the way among the major producing areas, total daily average production in the United States showed a dcrease of 40.005 bar- rels, dropping from 2.624.976 to 2,584.- 971 barrels daily, the Oil and Gas Journal reports. Oklahoma's production was 494.7 compared with 523.650 barrels the previous week. a “reduction of 28775 barrels daily. Kansas had a slight in- crease of 325 barrels daily from 152.- 900 to 153.22 Total Texas 4.950 barrels to 1.051.203 barrels. and East Texas showed a reduction of 4.328 barrels to 468.097 barrels, com- pared with 472925 the previous week. Eastern fields, including Michigan. reported an increase of 1.251 barrels from 144.075 to 145326. OF JERSEY STANDARD Br the Associated Press. NEW YORK. June 4—T. C. Mc- Cobb. who was elected to the board of the Standard Oil Co. of New Jersey | at the annual stockholders’ meeting | in Newark today, has served as con- troller of the company since June, | 1933, He started his career with the At- fantic Refining Co. in 1902 and follow- ing the dissolution of the old Stand- ard O1l Co. of New Jersey he was connected for a time with the reor- ganized unit, later he was associated with International Petroleum and Im- | perial Oil Cos.. Canadian subsidiaries | of the New Jersey company CHECKS STILL TOP 1934 LEVELS DESPITE DROP By the ated Fress A decline in the total of checks drawn against bank accounts in lead- ing cities in the final week of May failed to erase a lead over last vear. ‘Thé total was 4 per cent below that of the preceding week but 30 per cent ahead of the comparable week last year. Agzregate debits, as reported to the Federal Reserve Board, for 271 cities | compare as follows: 29, $6.932,809.000. | Preceding week, $7.247,255.000. Same week last year, $5,337,811.000. GRAIN STORAGE FALLS TO NEW LOW IN BUFFALO | By the Associated Press. BUFFALO. N. Y. June 4—A nemj all-titme low for grain stored in Buf- | falo elevators was reached yesterday when the Corn Exchange report showed 10.737.344 bushels on hand, a decrease of 284,877 bushels from the previous week. A forwarding concern reported only approximately 8.000,000 bushels hav2 | been shipped to this Great Lakes port this season in comparison with 21,000.- 000 bushels at the same time last year. | PIECE GOODS INDUSTRY TO RESIST PRICE CUTS | Br the Assoctated Press. NEW YORK, June 4-—The cotton piece goods industry is believed to be in fair statistical position to resist a according to well informed cotton men. A substantial reduction in output of print cloths since April 1 has helped to~ hold production to the level of | sluggish demand while unfilled orders were generally holding their own, it was said. ASSOCIATED OUTPUT UP. quieter, | ‘cnssx... regulations | production dropped | | Czechoslovakia 85 | Japan 5338 '65. | Ka | Montevideo 6s '59. | Montevideo 7s '52. | New So Wales 5s'57. s l Denmark 414 M'COBB PUT ON BOARD | | Rhine W E1 P 6s 55 tempts to weaken the price structure, | By private wire direct to The Star. | Approximate Transactions Today. U. S. Gov't Bonds.... $2,490,000 Foreign Bonds, 890,000 Domestie Bond: 6.090,000 LIBERTY. High. Low. 1003 1003 1021 102 TREASURY. 278 1955-60..... 10111 1017 35 1946-48. 10356 3s 1951-55. 1038 13148 1946-49 1048 3148 1949-53 1047 10724 10520 10722 10920 Close. 1003 1022 102 Istev 41¢s 32-47, | 4th 4 s 19. | 4th 434533 10110 w0311 1039 10414 10412 107 24 105 26 10722 10420 1112 1335 1940-43 June 107 22 3% 5 1946-56 . 10920 4s1944-54. ... ... 11112 11110 318 1943-45 105 10522 10523 947-52 L 11612 11612 11612 . ! FEDERAL FARM MORTGAGE. L10129 10126 10129 10123 10121 10123 3‘4! 1964. L 10318 10317 10317 HOME OWNERS' LOA 10011 1009 ves 10126 10126 10126 .. 1008 1007 1008 FOREIGN BONDS. High. Low. Close. 31 e 31 927 9274 H27% 8¥% By 83 R 10010 I Abitibt PR&Pw 53 ‘53 | Akershus 58 63 Alpine Mont S 7s '55. Antioquia Ts ‘45 B... Antioquia 7s'45 C. ‘Antiogula 2d Ts 57 Antwerp 5s '58. Argentine 5%s Argentine 63 '39 June Argentine 6s '59 Oct. entine 6s 60 Sept. Argentine 6s 61 Febr Argentine 6s 61 May. Aubtralia 4138 '56. Australia bs ‘55 Australia 5s '57 Austrian 1s 57. be | applied to the retirement of bank | the retirement of construction | Batavia Petr 4 Belgium 6s '55. Belgium 6%s 49. 104% 106% | Berlin Elec 6 Bogota 8s '4 Bolivia 7s'58.. Bolivia 78'69.. Brazil 18’5 Brazil 8s 41 | Brishane 5s'58. Brisbane 6s'50 Buenos A 6s 61 st Py Buenos A 61,5'618tPv | Buenos A C 6128 '55.. Caldas 7128°46.. Canada 4 Canada 4} Canada 5s Cauca Valley 7 Chile 6s°60. . Chile 6s 61 Jan Chile 65 '61 Febr. Chile 65 '62 Chile 656 Chile 7s'42. . Chile Mtz Bk Ss '6.’! Chile Mtg Bk Cologne 6135 '50. Colombia 6s 61 0 Copenhager 585 107 108 1021, | 114 9 12% ll‘ 1215 124 13% 12 127 28 I 47= 43 Cordoba T Costa Rica 7s May coupon on.. Cuba 5%s '45.. 188, 36 102% 871y Denmark 5338 55 Denmark 65 '42.. Dominic 1st 533840, Dominie 1st 5138 '42. Dominic 2d 5135 40 Finland 6s 45 Finland 6435 French Gov 7s'49.. French Gov 7%s '41. 1054% | 4 102 ‘u . 178 115 Gelsenkirchen 6s '34. Ger C Bk A 6538 Ger CBk A 6s 'S'JJuly Ger C Bk A 6s'60 Oct Ger C Bk A 7550 Ger Prov & City Bk con Ag 618 '38.. Ger Gov 5%8 '65. Ger Rep 75 °49. GriBr&Irshs 65a Helsingfors 6338 °'60. 102l 84n 2% Italy 78 "51. . 1tal PUCrd 7 E8Y 997 42 304 317 Japln 6%s '54. Karstadt 6343, ... t6s 43 ct atp Krea&Toll 65 ‘59A cfs Merid Elec 1857 A.. Met Water 5128 '50... Mex 4s '10-45 amst. .. Mex4s '10-'45 asst sm Mex 4554 asst Mex sf 58 45 asst. Mex 55 '45 asst Ige Milan 6%8°52. Montecatini 7s !l‘1 7 Norway 5%s ‘65...00 Norway 6s'43. Norway 63 '52. Norw Hy E16%s ‘67, | Ortental Dev 6348 8. | Osio 6s.55. ... 3 | Panama 58 '63. | Panama 6. Sllvlsd Peru 6s'60. Peru 6s 61 | Poland 65 ‘40 Poland 7s°47. Poland 8s '50 Porto Alegre 7%s 66 July coupon off.. Prussia 6s '52. Prussia 614851, 1081, 924 164% 254 24% Queensland 6s 47.... 106% Queensiand 7s°41. 106% 108 26% 374 37w 13% Rhein-Rhur 68 '51 Rhine W El P 6552 Rio de Jan 6158 53 Aug coupon off.. Rio Grdo Sul 6s 68. June coupon off. . Rio Grdo Sul 7s ‘66 May coupon off. . Rome 6143 '53...... Rumania 7s ‘59 Aug coupon oft. . 14% 14% 75 30 Sao Paulo St 78 '40. .. 81 NEW YORK, June 4 (Special).— For the week ended May 25, Associated | Gas & Electric System reports net | electric output of 52,581.441 units (kilowatts), which is an increase of 0.7 per cent over the same week last year. Output for the four weeks to! date was up 2.8 per cent over the comparable period last year. STEEL EXTRA VOTED. CHICAGO, June 4 (&) —Directors of the Acme Steel Co. of Chicago today | declared the regular quarterly dividend of 50 cents per share and an extra dividend of 1212 cents per share, pay- able July 1 to stockholders of record | June 15. JEWEL TEA SALES GAIN. NEW YORK, June 4 (P).—Jewel Tea Co., Inc., reports that sales [0i | Am | G Ch 5%8 49 the four weeks ended May 18 were| Am Roll Mill 6s'38. $1,422,600, against $1.265,773 in the like 1834 period, an increase of 12.4 per-cent, | Stemens & H 638 '51. Saxon Pb W 63s'51. Shin'su El P 6348 '62. 33% 804 a% 2% B4l 813, 81% 32w 87 Al 2% B4 82 814 Tokio 5s ‘52 Toklo b%s | Tokio E1 Lt 6s ‘53 | Tyrol Hy E17%s" | UnSU Wk 6%8 514, 35 86% 35 86% 2% 36% vmm- 6s°52 Mayco 2% 37 Warsaw 78 ‘63 2% Westphal El P 63 '53. 36% DOMESTIC BONDS. Abr & Straus 5%s ‘43 1043 1043 Alb & Sus 3%s ‘46 gt6 1026 1025, Alleg Corp 58 44.... T0% Alleg Corp 53 °49. 61% Alleg Corp 68 50 Bty 124 Alleg Valley 4s'42... 107 Allis Chalm b u Am & For Pw 6832 Am Ice cv bs ‘63 104% 1028, 0% 611y ‘12 107 101 644 85 108% 02% 102% Am Smelt & R 6s'47. 1021 102 102 Am T & T gold 4s°'36. 102% 102% 102% Am T &Tcltrbs’¢6. 108% 108% 108% THE EVENING Net change Today's close 12 | 2644 | Previous day ... Month ago . Year ago 1935 high 1935 low 1934 high 1934 low 1932 low. 1928 high Today's close Month ago 1935 high 1934 high 1928 high High. Am T & T deb 5s '60.. Am T & T deb bs 65.. Am T&T 5148 '43.. Am Wat Wks 58 44 Am Wat Wks 6575 Am Writ Pap 6s '47.. Ann A 1stexin 4s'95. Armour & Co 4%s '39 Arm of Del 5145 43.. Armstrg Cork 63 °40. A T&S Fe 45°05-55. A T&S Fead 45'95 st. A T&S Fegn 489 A T&S Fe dl;s 48 Atl Coast L 1st 4s ‘62 | At1C L un 4%s ‘64 4 Atl Coast L clt 55 '45. 94% | Atlantic & D 1st 4s 48 34 | Atl Refin deb bs '37 — B&O 1st4s 4 0 4%s 60 18t 5s 48, . ref 5395 A 5396 : ref bs ref 6395 C PLE&W V 42"41 & O Swn 68 '50 B & O Toledo 43 '59... Bang & Aroos 4s '51.. | Bang&Aroos ¢v 4s ‘51 Bell T of Pa 68'48 B.. Bell T of Pa 6860 C. Beneficial L 6s ! Beth Stipm 6s " Beth Stl rf db 58 '42.. | Bos & Me 63 67 | Bklyn Edis 5552 E Bkiyn M T 6568 A Bklvn Un Gas 55 '45. . Buff R&P con 4% Bush Term 1st 4s Bush Term cn s '55.. Bush T Bldg 55 '60. | Calif G&E ref 58 °37.. | Caiif Packing 40.. | calit Pet 553 | Calif Pet db5% Camag S s 42 ctfs | Canada Sou 5s '62 A. 2 30 LR 41856 tR41;857 112% 112 ORI 83 25 55M 10573 105% 104 - 103% 1037 108% L1074 97a o o o o & 0 DHIEWREW®D DSakanza 105% 107% Ry 10815 105 101% Can‘dian | Candian Can'dian | Can'dian | Can'dian Nr db612s'46 | Can'dian Nr db 7s '40. Can‘dian Pc db4sperp Can'dian Pc 415 46 | Can'dian Pe 414 '60. . | Can'dian Pc 5344 cfs Can‘dian Pc 5854 |CaroCl&05s'38.... CaroCl& O 6s'52 A.. Cent Br U Pac 4s'48. Centof Ga 5839 C... | Centot Garfsis Cent Hud G&E 58 '57. | Cent 11l £ &G 58 '51.. | Centof NJ4s'87.... Cent of N J gen Cent Pac 18t rf 48°43. Cent Pac 58 '60... Cent R R B Ga 5s | Cert'd deb 5% 8 "4 Chesap Cevel5s 44. Chesap Corp 68 °47... C&Ogen4lys 92, 104'5 11T 110% Chi & Alt ref 3s |Chi B& Qzen ¢ IChIB&Qa\qs 7. Chi B & Qref 5s'71 | Chi B&Q 1div ¢s'49. | Chi & E 111 55 '51 ctfs | Chi & E 111 con 6s '34. Chi Grt W 4s'59. Chi Ind&So 4s CM&StP gn 318 CM&StP 4= 89 | CM&StP gn 4328 |CM&StP 4138 89 E C\]&SlP 58 15 Chi & NW 43 '87 | Chi & NW gn 55 '87 Chi & NW rf 55 2037. | C& NW Nr W 614536 Chi Rys 1st bs ‘27 Chi R 1&P rf 4534 Chi R 1&P 4348 | Ch1 T H&S 18t 58 ' 60.. | Chi T H&S inc b5 "60. Chi Un Sta 55 "44. | Chi & W 1 con 4s |Chi& W 15%s"62. Childs & Co 5843 | Chile Cop deb 5s'47.. Cin Gas El 4568 A 4| CCC&SLL I 434" 1B | Clev Un Ter 4335 '77. . | Clev Un Ter 5573 B. Clev Un Ter 5%48'72A Colon Oil 6s'38. . Colo Fuel & 15s°'43.. Colo Ind cl tr 55 '34.. Columbia G & E deb Columbia G & E 583’52 May. . Columbia G&E bs Il. Com Inv T 6%s Con Coal Md rf Con Gas N Y 4%s'51. Con Gas N Y 68 °57... ConG N Y db5%s 45 Container deb 68 '43.. Container 6s 46... CrownC &S 6s Crown Will P 6. Cuba R R 1st 6s '53.. Cuba RR 6s'36 . Cuba R Rref 7%s 36 Cuba Nor RR 6%s '42 e e Del & Hud ref 4s 43, Del & Hud 5%s 37 50% 1% 90% 1034 Den & RG W bs '65. Den & R G rf 68’78 Det Edison 43%s '61 D Det Edison rf s '49.. Det Edison 5862 . Det Edison rf 5s ‘65.. Det Edison 5s 62.... 1 Donner St ref 7s '4: Duqu Lt 15t 4% 105% 18% 106 0% East Cuba S 7%s '37. ETV&Gacnbs'56. Eriecv4s 63B... Erie 4396 Erle gen 4s'96. Eriert 55°67.. Erferf 58'75.. 60! Erie Gen Riv 6: 51... 116 Erie & Jersey 6s°55.. 117 9 95 981 Fed Lt & Tr int & Fed Lt & Tr b8 ‘42 st. Fed Lt & Tr 6s 42... Fonda J & R 2s-45 82 ctfs. Fran Sug T%s 42. —_— Gannett §s ‘4. Gen Cable 648 Gen Pub Sve 5%s '39. Gen Steei C 5148 49.. Gen Thea Eq 68 40. 34 3T o4y 93m 99 7 13 124 ¥5k 109 Goodrich &s Goodrich 6% Goody'r T&R Gotham Silk H Grand Rap I 433841, Gr Tr'k of Can 68 '38. Gr Tr'k of Can 7340, [ 90 STAR, WASHINGTON BONDS ON NEW YORK STOCK EXCHANGE SECONDARY BONDS BOND AVERAGES Comptled by the Associated Press. 10 Util. +3 938 935 93.1 85.6 938 84.5 10 Indust. +.2 95.4 95.2 96.5 873 970 922 929 20 Rails. +1 9.4 79.3 9.5 876 878 16.4 89.4 4.5 458 1011 10 Low-Yield Bonds. Low 112% 112w Y& Ry 107% l 10815 1043, 1018 v 101% e 110 103 112% 98% 74 60 60 115% 117 984 314 36% 1044 93 99 Kt 12 12 v4% 10815 1 104% 104% 104% 90 107\( 131\( 107% 104% 104% W"A 109.5 110.0 1103 1083 104.4 Close. | 1120 1128 112% | 1123 1124 98 83 25 557 1031, | Previous day Year ago 1935 low . 1934 low . 1932 low . Low. Close. ef 41,861 A. 100 en 434876 D on 5373 C . 52 B | Guif M& N 585 Gulf Sta St 538 42. Har Ry-P C 1st 4s 54 Havana Elec 515 '51. HoustinB&T 1st5s'37 Houston O11 55 "40. Hudson Coal 68 62 | Hud & Man ine 5s°'57. Hud & Man ref 53 '57. 111 Bell Tel 53 '58 | 111 Cent coll tr 45 °52.. 111 Cent coll tr 45 "53. 111 Cent 4% 3 66 111 Cent ref 5 StL 3% tLNO 4%s 63 st L NO 63 '63.. 111 Steel deb 4348 40, «| Int RT 1strf bs - | TRT 18t rf 58°66 ctfs INtRT 6832, |IntR T 6: Int RT7s 32 Int RT 78’32 ctfs. . Int Ag col 6842 stp Int Cement b Int Gt Nor 58 int Gt Nor 58 Int Gt Nor 65 Int Hydro El 65 44... int Mer Mar 68 °41 Int Pap 15t 6547 A Int Pap ref 6s°55. [Int RyofCA 6 | inv Equity 6347 A" | Kan G & E 43580, | Laclede 100t 112 1044 1043 109 | | Ligg & Myr 7844 intT&Tev4alh Int Tel & Tel 438 IntT&TH 101% 1124 75 62 1063 103% KanCP &L 4%s 61, Kan C Sou st 3s°50. . Kan C Sou rf in 5850 Kan C Ter 18t 4s°60.. Keith 63 46... Keily Spr Tire 6s '42., Kendall 5398 48 ww.., Kings County Elev 4549, 1024 102t 106 100% 6 1024 1007 9ta 53 1017 33y 365 120% 132' . 1034 Lack Stl 15t 5350 A. s 68 '39... Laclede G 5738 53C. LE& Wn 1st 58°37.. Lake S&M So 3897 Lautaro Nitr 6s '64... Leh Val Coal 5s'64.. Leh Val Har 6s'5¢... Leh V Pa con 4s 2003. LV Pacon4%s2003. Ligg & Myr 58°51 100 66% 102% 100%s Long Isiref 4s’ 0 | Lorriliard La & Ark 5. LouG & E L & N unif 48 40 L & N 4182003 C, L & N 582003 B. | L& Nrf51382003. —_— McKess& R 5% 0. Manati Sugar mod 71,8 '42 ctfs stp.. | Manhat R ¢s 90 1034 1064 105% 26'a 26 6% 13 112 1068 108y 107% | 10878 1024 105% 1815 98% 4% 6013 60% 116 17 90 Marion St Sh 63 ¢’ Mead Co 6345 MeXEdlllrfl\fis 1 Met Ed 1st rf 58’53 Mich Cent 318" :-2. Mich Cent 4128 °79. Midvale S&O bi :s - MilER&SLbs 61.. MilE R&S L rf Mil Spa & N W ds 47, MStP&SSM en 4s°38. MoK &T4s'62B A Mo K & T ad) 53 67 Mob & Oh :‘ 38 Mo I'ac 4575 Mo Pac 5865 & Mo Pac 5877 Fuveees Mo Pac 5580 H Mo Pac 5881 1. Mo Pac 55 '81 A ctfs.. Mont Pwrref 68 °43.. Mont Pwr 5862 A. Morris & Co 4%5'39. Mor & Esx 3135 2000. Mor & Esx 58°55. . — Namm & Sons 6s '43.. hew J P&L 4 | New E T&T 18t 5s '52 New Or GNR 55 ‘83 A NewOr P S A. New Or PS5s | New Or T&M 58 '54 B New Or T&M 5158 54 N Y BkIn&M B 5s'35. N Y Cent 3%8'97.... N Y Cent 338’97 reg. N Y Cent con ¢s 93 N Y Cent rf 4%s 2013 N Y Cent rf413s2013n N Y Cent rf 65 2013.. Y Centcv 68'44.... 1 N Y Dock bs "38 | N Y Edison §s Y Edison bs 51 Edisref 648 G El HEP 45°49. Lac&W 1st 48°73. wys inc 6s team 1st 63 47 Norf Sou 1st 5 Norf So 1st rf Norf&W 1st 4 North Am Co North Am Ed b: North Am Ed 58 ‘63 C North Am Ed 5%s '63 Nor'n Pac gen 3s 2047 Nor'n Pac 4s '97. Nor'n Pac Nor'n Pac 68 2047.... Norn Sts P 1st6s’41A NornStP6s'¢1B... 1064 107% 107% 1074 34 32 34 111% 111% 111% Ogden L C 43’48 Ont Pw Niag 5843 Ore W R R & N 4361 Ore Sh Line 63 46 Ore Sh L 5346 gtd Otis Steel 65 "41 117% 117% 117% 118 117% 1174% 92% 91y 9k Pac R R Mo 1st 4s Pac Tel 1st 68 37 Pac T&T ref bs '52. 100 100% 100% 106% 106% 106% . 110% 110 110% | Par-B'way 5%s ‘51 ct Par-F-La 63 47 cfs.. Par-F-La 63 47 filed. Par-Pub 6%s ‘60 cfs. Par-Pub 51 Parmele Penn Dixie C 68 41 Penn RR cn4s'4s stp. Penn R R 4%s ‘81 D. Penn RR 4% Penn R R con 4%s 6 Penn R R gn ¢%s '65. Penn R R db 43870, e 1124 112% 1041 104% 104 103% 116 116 107% 107 107% 96% 0‘ 96% 103% 1033 103% | s Peo G Lt&C rf b PennP & L 4%s'81 Pere Mara 1st 4i Pere Mara 4%s '80. Phila Co bs Phila El Co 4871 Phlia E1Co 4%s '67. Phila& RC& 1 58 Phila& RC & 1 6; PCC&StL 415 '77C. Port Gen El 4 Postal Tel & C 5s Pure Ol %8s '37. Pure O11 %840 Purity Bak 58 '48... Rep | & Stl 5s 40 | Rep 1&Su 6% 8 63 | Revere Cop&Br 63 '4 Richfield Oil 4 StLRM&P5s'55. Stl-SF4s'60A... S!LSFI%I"II . St L-S F 58’50 B St L-SF b St L SW gen rf 589 SIPM&MM ex 4537 San A&A Pass4s'43 San An Pb S 68 '3 Schulco 6% 546 Shell Pipe L 5552 Shell Un O1l 5341 Sierra & 8 F P 55 '49 Sinc Con O 7837 A. Skelly Ofl 5158 °39. So Bell T&T 658 ‘41 So Colo Pwr 6 So Pac Ore 4348 117, So Ry gen 4s'66 A So Ry 58 '9¢ So Ry 6%8'5 So Ry St D div 4s Southw Bell T 53 ' Stand Oil N Y 4158’ Studebaker cv 5 Tenn C&C 6344 B Tenn El Pw 6347 A ! Term As St L 4s'53 Term As St L 4348’ Texarkana 5138 '50. | Tex Corp cv 5s "44 V Tex & Pac 1st 5 200! 36 KL 6.. Pere Marq 1st 55 66.. 7 . 104’\ 3 49 Philippine Ry 4s'37.. Phillips Petr 6%s 39. StLSWist4as's9.. St LS W 1st Ter 58’52 St P M&M ext 53 '43.. 108 Seabd A L ref 4s'59.. Seabd A L 6845 cfs. . Seabd A-Fla 63'35A ct Sine Con O 6%s ‘38 B, 1017 High. Low. Close, 106% 106% 1056 106% 112% 112% 103% 103% 1043 104% 1043, . 105 5% 7 87 b . 106 94 106 1078 1074 €0 33% 24% 103% 106y 112% 'w« 24% 10314 . 10614 24% 103% PCC&StL 68’15 B.... llfl Port Gen El 15t 58 '35 100% Porto Rico A T 6s 42 52 30 PubS El & G 4%5'70. 105% 10074 106 . 105 105 105 8 108 108 108 29% 29% 29% 29% 29% 107 30 107 30 10215 102% 62! 71 St L-S F 4550 A ctfs by 10 79 521 Al 1024 108 Rl 107% 3¢ 45 4 By 104 103% 111 101% 102 4 10215 109 95'% it 944 674 534 0 43 .0 1029 81y 4 104's 1034 111 102 So Pac S F Ter 4= 50, 1 1031 39 101 994, 10415 11 0 | Tex & Pacbz 80 D... | Tex & P MPT 51;5'64 " \ Third Av ref 4s §0. Third Av 1st 5837 Third A ad in ex 55'60 UnEL&P5s'57. Un Pac 1st 45 47..... Un Pac 4s '68 Un Pac 1st rf 45 2008 ]05‘- Un Pac 44267, |UnOCalés’4zA. | Unit Biscuit Unit Drug 6s | US Rubber 58 Unit Rys St L 43 34 UtahL&THs'44 A |Utan P& L 5 . Utica G&E 585 Util P& L 5559 ww UtilP&L5%s 4T, Vanadiumcv §s 41. Ver Sug 18t 78 42 ofi Va El & P 58'54. v Va EI&Pwr 5148 44 Wabash 1st 5339 | Wabash s ‘80 D Wabash 53475 Wabash Om 3138 '41 Walworth 6s Warren Bros cv W Pa P 1st 5546 A W Pa P 18t 55'56 G. | W Sh 1st 4s 2361 rg. West'n El deb 58 '44 West'n Md 1st 45 52 West'n Pae 5s 46 A West'n Un 68 '60. West'n Un 6836 Wheel Steel 4125 White S M 6s°40. . Wisc C 1st gen 4 Win Sal S B 1st 45’6 NEW YORK. June (Quotations as B of Man «112) .. | Bankers T: | Chem BK & Tr (180}, Commercial _(R8) | Manuacturer's Tr a | Natl City (1) 2‘NYTrusl (1N 3| Public (112 Tile G & B Tnited sty oy’ “Including extras Bank bond: "Quotations as Jan.. July 1935-4 (Rerorted by Chas. Rate—Maturity June 15, ncu:e:na;;;;ziz 2 3 By the Associated Press, Receits. $30.019,443: 5 (including itures _ $3.161 65,4554 A d nds ¥ nm‘. te lf" 5’“‘ ne 3 snu E&P 18t rf 6555 Walw th 6138 '35 ww. Warner Bros ev 6s'39 €3¢ Warner-Quin 6s '39.. W Sh 1st 4s 2361 gtd. West'n Md 5348°77.. | West'nNY&P gn 45’43 1073 West'nNY&P 15158'37 105% 3. Wilson&Co 1st 6s "41. Youngtn S&T 68’70 B Youngtn B&T 5518 A §1 baiance. receipts 71, ipts for the fiscal year (si T08.131: exp{ndgure: rgency expenditures): ¢memu y expenditures)., 40% 80ty s 13% 107 A 107 1124 1117 42 334 80 Tan 6% 943 99'5 281 . lOl‘r 98y .. T8y e 8 0. 108 10874 781 ® 108 108 108 931, 43l 9315 931, 'NEW YORK BANK STOCKS ¢ 4 of 2 o'clock.) d J (1610 FEDERAL LAND BANKS NEW YORK June 4 (A .—PFederal Llnd‘ of 2 o'clock.) 021 10034 10072 U. S. TREASURY NOTES. D. Barney & Co) U. S. TREASURY POSITION. The position of lhzn T"l‘su’;y on_June 10 for the $6.804. jecrease :onxdnu HAR Y A ce. “‘lnr ll'l"'m 1047 15'% 7 86% 60% 34% 1007 101% 101% 10114 | 2% 9% 1% | Reading R 4%s8°97 A, 106 106 Reading R 4%s '97 B. 105% 105% 105% Rem RA 6%s 47TAww. 102 101 101% 1015 101% 101% 9313 | (. —New York | | Security Dealers’ ‘Association 3 Ble 1660 th. nce July | i 31 L[ $2.000W B & A lst 5 r thz Br!vlioul day; sold assets, 2. 1034 (comparable 8,083 b D. C, TUESDAY, JUNE 4, 1935. PARAMOUNT HOLDS BOARD ELECTION Otterson Likeiy to Be Named President of Reorganized Firm Late Today. By the Assoclated Press. of the Paramount Publix Corp. met | today to consider the problem of se- IS | lecting a management for the nor-} ganized concern. | and the directors were slated to meet late today to choose officers. With the new management selected, | | it is planned to submit an application | | to the Federal Court on June 17 for | a final decree directing the trustees in bankruptcy to turn the company over to the new directors and officers. Banking sources close to the com- ‘ pany said the probable choice for the | presidency of the reorganized com- pany would be John E. Otterson, who Electric Research Products. Inc., which handles the Western Electric sound picture system. It Otterson is chosen president, these quarters expected that Adolph Zukor would become chairman of the board. It was explained that no defi- 4 | nite slate of officers could be forecast s | in advance of the actual meeting of the new directors, however, because of the possibility of last-minute changes. Stockholders voted to increase the | authorized capital stock to $41,000,000, comprised of 300.000 shares of first preferred $100 par, 650.000 shares of $10 par second preferred and 4.500,000 shares of common of $1 par from $845.631 as approved at yesterday's meeting by the preliminary resolu- tion. |CHICAGO STOCK MARKET CHICAGO. June & . Foll the complete official' List of t7apeactions B ib,siocks on the Chicago Stock Exchange | 1 130 Allied Prod 440 £m 1 RO0 Berghofl Brew #50 Borg-Warner u X0 Gen i1 Puh St ot .10 Cen Ind P 2300 Cen & § W Too Chi Fiex shart © 100 Cht Mail Order Rubber 100 Davton Rubber A ) Eddy” paver Watch! 30 Gen Candy A .. 400 Gen Household ) Godchaux Sue B 430 Goldblatt 330 Gt Lakes Dredge _10 Harnischfeger .. 2700 Houd-Her B.. 4 Brick LKy Ut Jrcum bt 30 Keystone S N & L 350 Maren Foel hl"‘ McGraw Elec 100 Nat_Gypsum 100 Natstand 450 Noblitt-Sparks 200 Nor Am Car - 10 No west U1 ;40 Ontario 300 Raytheon, lp.r 00 Raytheo 100 id Breae <. 1 el J00 Wise 300 Zenity Stock sales teday Bond sales toda SHORT-TERM SECURITIES (Reported by Chas D. Barney A. Cofl‘ Bid | Allis-Ghalmers Co. 55 | Amer_Beet S | Am. Tel Atlantic Refinin, | Bethiehem Steel 55 10;\» 2 | California Packine | & C;nldunoflor Ry 9 | Gen. Pub. Servige 5' 1 I:I’l Gotham Silk nn‘; S e Grand Tr. Canaaa 6s i Great Nortnern Ry Tlinois Central 61 Intl Tel & Lehigh Vall s 19 Lenih vailey Co cm: ! | FINANCIAL, Washington Exchange SALES. Potomac Electric 6% pfd.—5 at 108%. AFTER CALL. Potomac Electric 5'z% 11315, Potomac Electric 67 pfd.—5 at 109. Capital Transit Co.—10 at 19’2, 10 at | 1913, 10 at 1913, 5 at 1915, Potomac Electric 67 pfd.—2 at 109',. pfd—5 at #¥» A—IS PRICES ARE LOWER ON NEARBY EGGS Receipts Taken at Half NEW YORK, June 4—Stockholders | : P The stockholders clected directors | Po Wash. Gas fll 1960, since 1928 has been president of the, ; Carpel_Corp, D. | curity Dealers | By the Associated Press. millions of dollars g, ¢ Portland Gen_El are O Cors s | Ren Iron a- Steel ws nclair C COMMODITY PRICES NEW YORK. June 4 —The Associated Press wholeiale price index of 20 basic commodities today advanced to 71.0 The previous day it was 1044 ago. 1.81. a month ago vear ago 150 Range of recent years et 0 i1 (The 19248 average eauals 100.) Miscellaneous Markets. Additional New York markets, compiled by_the Associated Press SUGAR—Futures. No. 3. closed steady. her: sa 34100 “tons. July, 5 Septem 2.41b: December. Ziisbi, ganuary Sb; March, 2.21b: “TOBACCO — Futures closed steady. Bright: July, 25.30250; l!mbfl‘ 26.00. FFEE—Spot q Rio No. 7, 6% -sll'l os No. 4. & : cost and lreum gfferings included. Santos Bourban 35 and | 38 at Tr0aa0. Rip futures closed aulet: 2 | sates. 2000: Decem My, 5.40n. | Bantos” futures nmn s.m 7.78n: Septe: b!r 7.83n: March. 7 94 May. 7.99n RAW HIDE—Putures closed strons. 36- | 43 higher: sales_4.120.000 pounds. 'Sep- | tember, 10.16; December. 10.46b; March. | Roa, UDE RUBBER—FPutures closed firm. ! =l barely 8ep- mbi n- T3 1%n; smoked. 1% itiires closed d strong. ; Sales. B30 bales: July tober. 1.32 Decembe: Tmerker Guotetions: (A0-aay . basi 7R% _seriplai Canton double extra Japanese special crack dou- seriplane 13-15s, 1.38%2. Nominal. 14-18s 1 ble_exira 817 b—Bid. Sl BALTIMORE STOCKS Special Dispatch to The Star. BALTIMORE. June 4.— Sales. STOCKS. High. Low. Close. <00 Arundel Corp . 194 T30 Black & Decker. | 101 50 Bls AR 9% a9 20 Con Gas 5% f A 1) 10 Fidel & Deposit 30 Pinance Amer 460 Houstn Oll pf vie 230 New Amster Cas 5 Pa Water & Pw. 215U 8 Pidel & Guar ! 5 West Md Dairy pf BONDS. Bigelow-Sanford Carpet Co., Inc.— Company announced, effective Auzun 8, price advances on its lines up to % per cent. Cent Lower—Graded Mart Steady. Bid and Asked Prices. BONDS. PUBLIC UTILITY. Askea Amer‘l‘el rm 4028, . RS Nearby ungraded egg quotations on the Washington Exchange today were weak with current receipts half a cent lower. The graded market was | steady and unchanged. The summary with egg and live poultry prices furnished by the United States Bureau of Agricultural Eco- nemics follows: BUTTER—One-pound prints (92 score), tub, 28 1-pound prints (A0 acor: i 1-pound prints (89 score) S—Beef. 152271 a0ty 110 27y & " Wash. Gas 65 Wash. Rwy. series B & Elec. 4s 104% MISCELLANEOUS. Barber & Ross Inc 6 y_Chase Club 513 Col. Country Club 53 57C Paper Mix. 6o W. M. Cold Storage 5 STOCKS. PUBLIC u‘an Amer. Tel. & Tel (9) - Clmll‘l”'l‘unnl Co. (1).. veal 16217, lamb lara. Th5aT; 7581000 R 008950 0; ca, 9a3l: < medium, 5 h0as 50" it | %307 Sprin EGGE—3 on_ Government | nearby ceipts es, & ady and unchanged graded egss: weak on ungraded egss, with current re- cent lower. Curre, hennery whites ernment graded and date, {/ncluding eradine and ‘ma U S extras, 13 mediums. “ita | LIVE pr)lLTR\ prices (1 cent fancy rket Fowl premiu; Capltal (4) Liberty Lincoln (5)" ", Riges () Riges pid Washington TRUST COMPANY fmer See. & Tz Co. (8) 109 Nat 8av. & Tr ( Wash. Loan & Tr.” BAVINGS BANK Com & Savings (6) 175 RE INSURANCE Colored m on oc Le MONTREAL SILVER MONTREAL. Ji closed steady, 1 ntracts American ¢ Gorcoran, (2 Firemens' 1 Nationat Union 1.60) TIILE INSURANCE Columbia_ (.30) Reai Estate (6) 5 100 MISCELLANEOUS. (1.60) .. Paper Mfg nM Em. Bromo-Selz ' (1.60) Lanston Nonatioe (40 ) nthaler Linotype Peomu Drug S ofd al Est M. & G. STy Sorase O | Ter "Rer. & wh Cnrp vd. & Lota. com | Wdwd & Loth_ptd (7). *Ex dividend 25 cents extra. . INVESTMENT TRUSTS NEW YORK June 4 .7 —New Jork Se- soc! 20 Applications solicited for lna, | town, eentrally located business proverties at 5% D. F. McCONNAUGHEY 1172 J Union_Trust_Building._National 0827. tFlav). A We Will Make First Trust Construction Loans on Residential Properties. Prompt el 5% Real Estate Mortgage and Guaranty Corporation 1610 K St NW. Phone Nat. Asked B g 1108 Assets Over One Million Dollars % ON SAVINGS! PRUDENTIAL BUILDI ASSOCIATION Secand Nal'l Bank Bifz. 1331 G N Dis. ceu Beps Bk ' N Depos In< Shrs Diversifled T+ 'C Fixed Trsut Sh B Fund lr\'st'm\ Inc Investors F: Maryland ?un" 8270 Quarterly Inc Selected Am S} : Selected Am Sh Inc | Selected Cumul 8k ... | Selected Tncome Sh' . Epencer Trask Fund Stand Am Tr Shrs |Stara ! Super DIRECTORY COMMODITY BROKERS Laiclaw & Members Chicago Board ef, 'rnne Hariman & Keech 1600 Laidiaw Westheimer & co LI RUBBER—HIDES METALS—SILK Members Commodity Exchan, Keeeh .... steed Am Bk RESERVE BOARD ISSUES | CONDITIONS STATEMENT ‘The Federal Rescrve Board's con- dition statement of weekly reporting member banks in 91 leading cities gave the following summary of the principal assets and liabilities on Mav 29. together with changes for the week and for the same week last year, in & Co. 1934 -8 ~1.185 Loans on secur- ities—total and the: Acceptances and omm e rcial G AKE the details incidental to the management of your apartment house or residential properties off your mind—by placing them under the care of our Property Management De- partment. The fee is nominal. B. F. SAUL CO. 925 15th St. Nat'l 2100 Other securities Reserves ith Fe Net demand de- posits Time deposits Gov't deposits Due from banks Due to banks Borrowings from Feders - Mortgage Loans REAL ESTATE LOANS on Improved Property Monthly Payment Loans Straight Three Year Loans Low Interest Rates Satisfactory Terms Consult Real Estate Department AMERICAN SECURITY AND TRUST COMPANY Main Office FIFTEENTH STREET AND PENNSYLVANIA AV Branches 7th and Mass. Ave., N. W. Seventh and E Sts.,S. W, Eighth and H Sts., N. E. 1140 Fifteenth St., N. W MEMBER FEDERAL RESERVE SYSTEM