Evening Star Newspaper, June 5, 1935, Page 18

A_18 ®¥% FINANCIAL. THE EVENING STAR, WASHINGTOXN, D. . WEDNESDAY, JUNE 5, 1935. LARSON 0 DIRECT | + BANKERS' OFFICE D. C. Work to Be Similar to System Used in State BY EDWARD C. STONE. Donald W. Larson, for nearly three years secretary to Representative | Knutson of Minnesota, has taken charge of the office of the District of Columbia Bank- g Association as a result of the New Deal adopt- ed at the Hot Springs conven- tion when changes were vot- ed in the consti- & tution and by- laws, intended to relieve the bank ers of practically all the responsi- bility for the work at headquarters. The work wil now be simiiar to that of the secretaries of the various State associations. The plan was de- veloped largelv by last year's presi- dent, Frederick P. H. Siddons. and Thomas J. Groom. secretary, ne the same period Mr. Larson is now acting as assist- ant secretary., but will be appointed secretary at the first meeting of the new Council of Administration, which | takes place very soon. To make this change, the title of one association | officer also had to be changed. The official known in the past as the sec- retary will have the title of third vice president, Hilleary G. Hoskinson be- | ing the first incumbent. He will have | general supervision over the work at headquarters The new office executive is a native of Minnesota. where he was educated in the schools at St. Cloud and in ! Minneapohs. Young in vears. ale and experienced in secretarial work, he is already familiar with Washing- ton and is rapidlv becoming acquaint- ed with its banking institutions. 1t is the purpose of the association officials to keep in closer touch with | the State associations in the fu That will mean a lot more work at headquarters in the Bond Building. Bank Bill Testimony Ended. With the opinions of M. S. Szym- czak, member. Federal Reserve Board and J. J. Thomas, vice governor, the Glass Subcommiltee on Bankin yesterday concluded its hearing the proposed banking act of 193 Mr. Szymczak failed to e en- tirely with the bill now before the Sen- ate Banking Committee. saying that “bank powers of the boards of direc- tors of the 12 Federal Reserve banks should be retained and in ®pects. increased and extended. at le: by regulation of the Federal Reserve Board " Mr Szymeazk indicated favored the retention of the offices Federal Reserve agent and governot the latter being named by the banks the former by the board in Washing- ton. As to the appointment of Federal Reserve Board members, he would re- tain appointment by the President for the governor and vice governor, but would not have the term as a board member expire with the expiration of his term as governor The controller of the currency and | the Secretary of the Treasury would | be retained on the board as ex-officio members. bui with no vote in the Open Market Commitree. Vice Governor .1 briefly. saving that he was in f “the objectives” of the bill and that he agreed with Charles Hamlin that the “time to patch the roof was be- fore it started raining.’ Donald W. Larson d some re- | that he of T. Thomas testified vor of Controllers to Hear McNair. Controllers of Washington depart- ment, stores who are members of the Baltimore group of controllers affili- ated with National Retail Dry Goods Assoclation, are planning to visit the Monument City tomorrow evening to hear an address at the Emerson Hotel by Malcolm P. McNair, professor of | marketing 1n Harvard University, on the “Future of Retailing as Disclosed by Harvard Bureau Research Studies.” These joint meetings have been very profitable during the past vear and this is the last session until Fall. The Harvard School of Business Adminis- tration has done some work in retail research and Prof. Mc- Nair has been a leader in the progress made. He is on his way to the na- tional convention in Chicago. The dinner will begin at 630. J. K Al- thaus of Frank R. Jellefl, Inc. is in charge of the Washington contingent. The annual meeting of the auditors’ section of the District of Columbia Bankers' Association will be held at the Olney Inn tomorrow evening at 7 o'clock At this meeting the mem- bers of the executive council of this ction will be elected. which council will select the officers for the coming vear. Wives of the members and a few specially invited guests will attend Capital Traction Bonds Firm. Capital Traction 5s led trading on the Washington Exchange today, opening at 96% and closing at 97. ‘Washington Gas 5s, 1960. came out at 1177;. while Potomac Electric Power 6s moved at 107. Anacostia & Potomac R. R. 5s changed ownership at 88, and City & Suburban 5s sold at the same figure. In the stock division there were two 100 share transfers in Real Estate Mortgage & Guaranty preferred ot 4 While officials of the American Benkers' Association have sent out no official announcement. it is understood that the banking code will continue in operation at present under a gentle- mens’ agreement. The Investment | Bankers' Association is already mak- | ing special efforts to keep its Imr‘ practice code in force. 1 James M. Landis. member of the | Securities & Exchange Commission, | and Wendell L. Willkie, president of | the Commonwealth & Southern Corp., will be the principal speakers at the | annual meeting of Harvard Bufllness Bchool Alumni the last of the week. Financial District Notes. | | Norman E. Towson, assistant treas- urer and manager of the foreign de- partment of the Washington Loan & Trust Co.. sailed yesterday from New York for a trip to Mexico City. He will be away three weeks. Chairman Jesse H. Jones. chairman of the Reconstruction Finance Corp., left Washington vesterday for a 10- day fishing trip in Canada. The Commonwealth & Southern Corp., in the heart of the T. V. Al territory, led all the utilities in the | United States during 1934 in mer- | chandising of appliances and electrical | equipment for the home and farm, | the Wall Street Journal says. The export-import banks set up by the administration to assist in ex- pansion of foreign trade are wholly independent of the N. R. A. and wm‘ continue in existence until June 16. | 1937. unless previously abolished b_v] the President. George N. Peck, presi- | dent of the banks, said ¢oday. TRANSACTIONS ON THE NEW YORK STOCK EXCHANGE Prev High 5412 52 ki a0 381, 261, 47 17 178 1874 By private wire direct to The Star. Stock and Dividend Rate.. Acme Steel (12 44 Adams Express. . £4% Adams Expr pf (5) 281, Adams Millis (2). 4'; Advance Rumley. 6% Affiliated Prod (60c 104% Air Reduction (3).. 15% Alaska Jun (160¢). 2 Albany Wrap Paper Alleg Corp (k)..... Alleg pf w830w (k). Allezheny Stl (1) Allled Chem (6)...s Allied Stores.. ... Allied Stores pf al. Allis-Chaimers. . .. Alpha Port Cmt (1) Amal Leather. . Amerada Corp (2) Am Az Cem Del(2 Am Bank Note Am Br Shoe (180c). Am Brake Sh pf(7) Am Gan (14)57 5k ve Am Car & Foundry. Am Car & Found pf. Am Comcl Alcohol. Am Crystal Sugar. . Am Crystal Sug pf. Am Encaustic..... Am & Foreign Pwr. Am & For Pw pf (1) Am & For Pw 2d pf Am Hide & Leather AmHide & Lpf. ... Am Home Pr (2.40) AmIcaCo. ... Am International. Am Locomotive. ... Locomotive pf. Mch & Fy (80¢) Mach & Metals Metals Power & Light. &L $5pf (1%) P&I. 36 Df (113) Radiator.. . Radiator pf (7) Rollinz Mills Safety Raz (5). Shipbldg (2). Smelt & Ref nf nuft pf (6) Steel Foundrv Stl Fdry pf (2) Stores ( Sugar .2).. Sum Tob (1) Tel & Tel (9). Tobacco (5) Tobaceo B (5) Type Fdrs pf ik \ Wat Wks (80e) Wat W st (6). Am Woolen Am Woolen pf Am Zinc & Lead Anaconda Conper. .. « Anaconda Wire. 2 Anchar Cap (60e). . Archer Dan M (1), Armour of Illinois Armour 1l or pf (6) Arnold Constable *sso0 Dry Goods Asso Oil (70¢) Atch To&S F (h2).. Atch To&S F pf (5) Atlantic Coast Line Arlantic Ref (1). Atlas Powder (2) Atlas Powder nf () Atlas P pf(6)called. Atlas Tack Auburn Auto. Austin Nichols. ... Aviation Corp Del.. 1035 Low Am Am Am Am Am «Am Am +Am 5% Am Am Am % Am & 261, 15 17 10 13, 208, 60 42!, 1" 4 100 15 210 1814 63% §0% 48 l » Raldwin Loco (k) Raldwin Loco pf (k) > Raltimore & Ohto Raltimare & Ohin of Famberzer pf (612) Ranz & Arons (215) arnsdall Corp . . Wk Cizar (730e) eatrice Cre (ahlic) 2 Beatrice Cre pf (7). Reech-Nut P (13) Belding-Hem (a50c) Rendix Aviation Beneficial Loan 1% Rest & Co (2) Bethlehem Steel. Bethlehem St pf Bigelow-San Corp.. Blaw-Knox. . Blumenthal pf Boeling Airplane Rohn Alum&Br (3). Ron Ami (A)(F4) Rorden Co (160)... Rore Warner (115) Brid 1008, ; BKlvn-Man *'r (3) Riklyn-Man T nf (6) Pkivn & Queens RXIn&Queens pf(2) Rklvn Unfon Gas(5) RBrown Shoe (3) Buevrus Erie Bucyrus Erie cv pf. Bucvruc Erie ot (2) Budd (EG) Mfg... Budd (E G) Mfg pf. Budd Wheel. . Bullard Co Bulova Watch Burns Bros pf... Burr Add M (60c).. Rush Terminal (k). Bush Term deb (k). Rutterick (k) ...... Rvers (A M) Rvers (A M) of. TEMATKAD P e « Calitornia Pkg (1% 'y Callahan Zine. 213 Calumet & Hecla ... 71, Camphell-Wy (a20e) /1, Can Nry G A (40¢). 9%, Canadian Pacific. 20 Cannon Mills (2)... 43 Capital Admin (A). Cap Adm pf A (3).. aterpillar Tr (7 1915 Celanese Corp 14 Celotex Co vte (k). 117 Celotex Co of (k) 221, Cent Azuire (112) 38, Cerro de Pasco (2 » Certain-Teed Prod.. Certain-teed P of. . 4 Ches & Ohio (230) Chesapeake Corp(3) %% Chi & East I11 pf(k) Chi Gt Westn (k). . 15% Chi Mail Order (f1) 1 Chi MilIStP&P... 2, Chi Mil St P & P pf. 284 Chi & Northwest 4'x Chi & Northwest nf 4% Chi Pneumatic Tool 20 Chi Pneu Tool nf . 172 Chi R 1&P 6% pf (k) 4 Chickasha C O (2). 313 Childs Co. . 9 Chile Copper a1 Chrysler Corp (11). 20 City Ice & Fuel (2). 87 City lce & F pf 121 Clark Equip (80¢).. 1617x Coca-Cola 8)... 15% Colgate-P-P (50¢).. Collins & Atkman 69% Collins & Atk pf (7) 6% Colonial Beacon Oil 13 Colo Fuel&lron (k) 5 ColoF&IDpf(k)... 7 Colo & South 1st pf. 3% Col Gas & Elec.. ... 3515 Col G & E DT A (6). 1 ColG& EpntB (5. 2413 Colum Picvte (11) 67 Colum Carbon (4).. 3914 Comcl Credit (2)... 9 Comcl Cred pf (1%) 1097 Comel Cred 1st(6%4 ) 2913 Comcl Credit(B)(2) H6le Comel Inv Tr (12).. 17% Comel Solv (160¢) .. % Comw-& Southn 2912 Comw & Sou pf (3) x 27 Congoleum-N (160) 23% Conn Ry & Lt (4%) 7 Consol Cigar.. .... 71 Con C prpf ww f1y 73 ConCzppfxwéls. 3% Consol Film 144 Cons Film pf (31%) 157 Consol Gas N Y (1) 24 Consol Gas of (5).. 1'% Consol Laundries.. 613 Consol Ol...... 2 Consol R R Cuba Df 15 Consol Textile. 8% Container Corp (A) 3 Container Corp (B) 45 Contl Baking (A).. 46% Contl Baking pf (4) 628 Contl ('an (2 40).. 287 Contl Ins (71.20 % Cont) Motors. ... 151a Contl O Del al23e. 41% Corn Ex Bk&Tr (3) 62 Corn Prodfef (). 36 BSales— Add 00. High. 6 7] ) BT~ ] S o= Save srlpananmR-® E 2 33 55 6% £9 30 bare Hlx 89 295 I 13415 13 16% 215 2n 1 1 3 3% e Low. Close.Chge. Net. 55 +2 [ 89 -1 -1 w 2% a2, 191, 8> —— 109% 4 1R 117 5415 267« 515 50 a, 205 an 997s Net Today. Previous day Month ago Year ago STOCK AVERAGES Compiled by the Assoctated Press. 30 Indust. 581 ckange close . high .. low . high low 1932 low 1929 high 1927 “New _— low > high. 1935 Steck and Sa Dividend Rate. Cotv Inc Cream of Wh (12) rosley Rad (aic) Crown C & S (1) Crown-Zellerback. . Cuba Co . Cuban-Am Sugar Cuban-Am Suz pf.. Cudahv Pke (215).. Curtis Publishing., Curtis Pub pf (1) Curtiss Wrizht. . 614 Curtiss Wright (A) Cutler Hammer '\ Deere & Co 4& Decre&Co pf (1400) Delaware & Huison Del Lack & West. .. Detroit Edison (4 Devoe & 1A (i1 3 Diamond Mat (71), » Dome Mines (12) Nouslas Aircraft » Tiresser M A (b1 Dresser Mfg B 2 Dunhill Internati £6% Du Pont de N 2 60) 12672 Du Pont deb (6) 104 Duquesne Lt 1st (5) Fastman Kod (5) astman Kod pf (6) Faton Mfe (1) Fitinzton-Seh 19 2315 11 11015 141 1680 \ Flectrie Auto Lite.. lectric Roat lec & Mus llee Pwr & Lizht lec Pwr& Lt $6 f. lec Pwr& Lt $7 0 Stor Rat (21 naicott-John (1) indicott-Tohn nf neere Puh Sve. = Pub Sve $5 pf Eng Puh Sve $6 of . Eanit Office Bld Erte R R , Erie R R 1st pf Fureka Vac Cl(S0c) Fuans Auto (a75c). xchange Bu Fairbanks-Morse. . "airhanks-Mrs of.. ed Lt & Trac ed Motor Tial0e). < Fed Water Sic (A). 1610 Fed'd D Strs(:60c). 2 Fid Ph F In (11 20). « Firestone (40c) £4', Firestone nf A (§) 45%, First Nat Stre(215) 201 Faod Mach (1) Foster-Wheeler, Foundation Ca i Fourth Nat In afe. . Fox Film (A) i Freennrt-Texas (1) Fuller Coor pf. . Gen Am Investars... AmInpf wwh, Am Trans(13 Asphalt ... Raking (60€).. Rronze. . .. Cable (A). Gen Cable pf Gen Cizar (74).. : Gen Cizar nf (1). Gen Electric (f0c) . Gen Foods (1 80) Gen Gas & (A).. < Gen Mills (3).. is, Gen Motors (1) Gen Mnotore nf ( Gen Print Ink(128) Print Ink nf «6) Public Service. By Signal (1), Realtv & Util.. Neal &1 pf ww Refracetfs St1 Castin Gillett Saf Rag (1), Gillett Stf R pf (5). Gimhel Rros Glidden Co (1) .... Glidden Co or of (7) bhel (Adolf) (K).. Gold Dust (120)... Goodrich (BF).... Goodrich (B F) pf. . Goodvear T & R 2 Gotham Silk Hose. . Gotham Silk H of.. Graham-Paize Granby Consol rant (W T) (t1)., eat Northern pf. St 2.40) Grt West Sug pf(7) Guantanamo Suzar en Gen Gen Gen G 613 Hamilton Wateh 631 Hamilton Watch pf 16 Harh Walker (1)... 513 Hat Corp of Amer., 81 HatCopfww(63). 1% Haves Rodv.. 85 Hazel Atlas Gl (5), 127 Halme (G W) (5). 11 Hercules Mot (60c) 73'4 Hershey Choe (3).. Hershey C pf (14 Holland Furnace. .. Hound-Hirsh A(2%) Houdaille-Hersh B. Houston Oil....... Houston Oil (new). Howe Sound (3). Hudson Motor Car. Hupp Motors ———e 88 64 4n lF‘a | 1841, € a2 4415 2% 298 12 2415 4 Thl Bl 128 36 59 5T% | 125 3 i ® P+t + 44 1214 205 28, 16% 15 18% 95 21% 24'y 13 69' 288 915 11linois Central . 231, Indus Rayon (1.68) 601y Ingersoll-Rand (2). 109 TIngersoll R pf (6).. 46'¢ Inland Steel (2).... 212 Inspiration Conner. Interhoro RT (K)es Int Agriculture ... Int Agrienl prpf Int Bus Mach (16). Int Carriers Ltd 20¢ Int Cement (1) ... Int Harvester (60c) Int Hvdro Elec (A). 224 Int Nick Can (60c). 4'3 Int Paper & Pw pf. 2115 Int Print Ink (1)... 4°Y% Int Shoe (2).. . 601, Int Silver pf (4). 5% Int Tel & Tel. 874 Iniersiate Dept Stra 25 Island Creek C (2). 34u T 49 Jewel Tea (3).. 3815 Johns Maranv a2sec 11715 Johns-Manv pf «(7) 50 Jones&Laugh 7% pf — 713 Kaufm'n D S(a40c) Kayser(J )& Co 60e. 3 Kellv-Spring T (k). Kell: T 6% pf(k). Kelsey-Hayes (A). Kelvinator (¥50¢).. Kendall Co pf (16). Kennecott C (6be). Kresge (S S)(1)... Kresze (8 8) pf (7) Kress (S H)Y (71).. Kroger Gr&Bk 1 60. 56k 224 21 31 2Ry 127 2% 12y 11 T9% 17% 31‘- 5% + 5 Bd 4+ % M - u 3415 1 21 46 167% 424 | 12 Laclede GasSt L 19% Laclede Gas pt... 24 LambertCo (3).... ®'3 Lee Rub&Tire (50¢) 113 Lehigh Valley Coal. 5% Lehigh Val Coal pf. 5 Lehigh Valley R R+ 67% Lehman C (12.40).. 14% Lehn & Fink (132). 21% Lib-O-Ford Gl 1.20. 21 Life Saver (160).. 933 Ligg & Myers B(14) 151% Ligg & Myers pf (7) 167 Lily Tulip Cup(1%) 13'2 Lima Locomotive. . 17 Link Belt (60e) . 241 Liauid Carb (11) 314 Loew's Ine (2). 15 Rails. 1 221 222 210 328 216 185 430 228 81 1539 953 les Add 00 250 a0s 24 20s 1 14 10 1 19 14 40 12 fom 1 108 20e 104 2008 20a 190 50x 4 2 102 108 2. 15 60 Util. Stocks. +3 +2 *307 423 304 421 279 409 N7 418 N7 426 216 348 406 24.2 239 1843 618 Net Low. Close Chge. 4% 4% — % 3 8 I W)t " ++ + JERE AR £ * (EE S 2N ] 1+ ko-.lOE’a 102 Loew's Inc pf (6%). .1 105 105 wo Prev, 1935 Hmh Low, % 1 Stock and Dividend Rate.. Loft Inc..... Loose-Wiles (2). 126 Loose-Wiles pf (7). 18!3 Lorillard P (11.20). 124 Lorillard P pt ('l).. 15 Louisiana Oil. 7% Loulstana Oil pf. .. 105 Louisv G&E(A)1%. 34 Louisv & Nashv(3) 2% Ludlum Steel Bales— 140 17 1415 17% 181 MecCall Corp (2).... 7' McCrory Strs A (k) f1g McCrory Strs B (k) 36% Mcintyre Porcu (2) » McKesson & Rob. .. McKesson & Rob pf Melellan Stores. .. Mack Truck «1).... Macy (R H)& Co(2) Magma Copper (2). Mallison & Copf. .. Manati Sugar pf (k) Man Elevm g (K)... Marancha Corp. . .. Marine Midld (40¢) Market St Ry pr pf. Marlin-Rockwell(2) Marshall Field. . Mathieson Alk(1 May Dept Str (1.60) Maytag Co Mayiag pf ww $7 7 2 Maytag Ist pt ( Melville Shoe (1 Mengel Co ....... Merch & M Tr (1 60) Mesta Mach (135). M-G-M Piz pf (1.89) Miami Copyer. Mid-Cont Petalie. 9 Midland Steel Prod 2 M1d1'd Sti 1stpf(8) 120s Minn Maoline Fow Minn Moline Pow nt MStP&SS Marje. Misston Corp. . Mo kans & Texas, .. Mo Pacific pf (k)... Mohawk C M Monsanto C «1).. Montgomery Ward. Mother Lode. . Motor Products (1) Motor Wheel (50c). Muliins Mfg. .. Mullins MIg pf Murray Corp 32 R4 18% 301, 18% 4 Nash Motors (1 Nashv Chat & Nat Aame Co.. Nat Aviation A Nat Biscult (1 60).. 263 Nat Cash keg A 3 Nat Dairy Prod 1 20 86 Nat Dept Store (k) & Nat Dept S 18t pf(k 150 » 11 14 4 fisy ipply Co upply Co'pf .. ea (6Uc) Natomas Co (60c Newbverry (JJ)pt(? Newport Industries N'Y Airbrake Nat s Nat N H & Hartt ' N H & Hart of. F Ontario & West ¥ Shipbutldin ¥ Shipbldg pf ( ¥ Steam pt (F) Steam st (1) anda Mines (h?) 14 arfolk & W (54 ‘ Norf & West pf (4) North Am Aviation North Am €0 (1) North AmCopf (3) & Nort pti6) 1 *1 Northern Pacific... 42 40 357 Northwest Tel 204 24 1« Norwalk Tire&Rib 1 2722222222225 18! 40 »3 14's 9'4 Ohio Oil (albc).. At 1 Oliver Farm Equip. 263, 133 Oliver < prof A 513 % Omnibus Corp. « 11 Otis Elevator (60c) . Steel. ... is Steel pr pf Outlet Co (2 Owens-111 G a6 1% 108 s6). 5 A5 @ i Pacific G&E (112). Pacitic Ltg (2 40) Pacific Tel & Tel Pac Wn O Packard Motor Panhandle Proas T Par-Prihlic ctfs (k) Fark Utan . Pathe Exchange Fathe Exchanze(A) Patino Mines...... Penick & Ford (3) Penney (J C)(2)... Penney (J C)pf(6). Penn Coal & Coke. . Penn Dixie Cement. PennRR (1)... Peoples Gas Chi. Petrol Corp Phelps Dodge aZ5c. Phila Co 6% pf (3). Phila Rap pf (k) PLila & Remd C & 1. Philip Mornis (1)... Phillips Petrol (1) Pierce Ol Pierce Perroleum . Pireili (A) (a3.54).. Piits Screw & Boit. Pitts Steel pt Pitts Term Coal Pitts & W Va, Plymouth Oil...eus Poor & Co (B) ... ... Porto R Am Tob B. Postal Tel & Ca pf. Pressed Steel C (k) Proc & Gamb (1%3) Proc & Gam pf (2). Pub Sve N.J (2.40), Pub Sve N J pt (5), Pub Sve N J pf (6). Pub Sve N J pt (7). 100 PubSve N J pf (8). 54 Pullman Inc (3). 5% Pure Oil.......e0s 49% Pure Oil pf..... 1, Purity Bakerles (1) 6 (hi0e) . 50 42 120% 11 ST 208 9113 K2 851% 4 50 Radio Corporation. Radio Corp pt A 313 Radio Corp pf B. .. Radio-Keith-Or (k) Raybestos-Man (1) Reading ceee Reading 2d pf (2) .. Remington-Rand.. Remington-R 1st pf Reo Motor Car.. Republic Steel. ... Republic Steel pf.. Republic Stl pf et.. Revere C& B pf.... Reynolds Metals(1) ReynldsMet pf 51,. 1 Revnolds Spr (40c) 10 Reynolds Tob (3).. 20s Reynolds Tob B (3) 23 217 Roan Antelope L1d. 5 2'a 293 Roy’l Db1.353-10c. 3 46 37Ty Safeway Stores (3) 20 114 110 Safeway Strspf (7) 1708 1 | 24 10113 101 Add 00. High, 2 1 1268 Net. Low. Close.Chge. Prev. Hizh 21% 2 1935 Low 104 P Stock and Balas— Dividend Rate.. Add 00. High. StJo ::nl..dunr). 31 19% an Fran (k). 1 Nax. Low. Close Chgt I 184 l‘: 215 % 1% 21 Savage Arms. u Schenley Distillers. Seaboard Air L (k). 3 ) ab'd O Del (1hie) 40 3 L Sears Roeb’k(aTic), A% 3 ¥ Servel Inc...... Y Sharp & Dohme Shattuck (F G) 25e. hell Union O1l.. Shell Unton Ofl pf.. » Silver King C (40¢) Simmons Co....... 4 Simmas Petrol (1).. Skelly Ol ... loss-Sheffield pf . Snider Packing. ... Socony-Vac (6le). . Sou Porto R Sug (2) « South Cal Ed (133). outhern Pacific Southern Railway Southern Rwy pf. 3 pang Chalf pfiz1). b0s Sparks-Withington 2 Sperry Corp (a2ic), 47 + Splegel-May-Stern. 7 Stand Brands (1).. 6% x Stand Brands pf (T) 10a Stand Com Tobacco 3 Stand Gas & Elee. .. Stand G & K34 pf.. Stand G & F $6 pf, Stand G & E §7 pf... Stand Oil of Cal (1) and Oil Exp pf(5) Stand Oil of ind (1) 1% Starrett (1, ) azi Sterling Prod (3.50) Sterling Stewart-Warner Stone & Webster n Ol pt (6) uperheater (30c) 1% Superior O11. 5 Superior Steel. 7% Telautograph (80c) 4 Tennessee Co; 162 Texas Corp (1 Texas Gulf Sul (2). Tex Pac Coal & Oil. Tex Pac Land Trust Thatcher M (a The Fair.. Thermoid Co. . Third Avenue Thompson Product Thompson Starrert, Tide Wat Asso O1l. Tide Wat A U pf(6) Tide Wat 011 pf (5) Timken- Detroit Timken 1t B ( Transamerica(Zic) Trans & Wesin Air Transue & Willime i-Contl Corp Trico Prod Truscon Steel. TwinCity 2 T Twin City R T pf 1-Fisher (2). 1d-Ell-Fish pf (7 Union Bag, Un Carbad Un Oil of Un Pacific (6) Un Tank Car (1.20) United Atreraft United Air L vie. . United Bise (1.60). United Carbon 2.40. 12 United Corp - 428 United Corp pf (3). 16 United Dr e United Dyew pf (1) 10s United £ oal. . United Fruit (3)... 25 United Gas Imp (1) United Gas I pf (5) United Pce DW... a Unit Piece D W pf. 100s "or'n Secur 2 reight (1). 4 Gypsum (1)... 3 U S Gypsum of (7). l0s 6 0 US Ind Alcohol (2) 15 U S Leather.... U S Leather (A)... US Pipe & F (50¢). U S Reaity & Imp. . U'S Rubber. .. 3 US Rubber 1st pf USSmelt& R (ad). lr\\ml&}‘ptd,) U S Steel U S Steel pf (2).. United Stores (A) Univ Leaf Tob Univ Leaf T pf « Univ Pipe & Had Util Pwr & Lt (A).. 1l Vanadium Corp.. 11l Van Raalte 91 Van Raalte 1st pt Va-Car Chemicai. . Car Chem 6% pf Car Chem 7% pf 1 Va El & Pw pf (6).. 40s Vulcan Detin (a4). 10s Wabash (k). Waldort Sys(b20c) . Waliworth Co. . Ward Baking (B). Warner Bros Pic. Warner Bros Pic pf §30x Warren Hros Webster Eisenlo Wesson O& West Pa Elec (1) A 108 West Pa Elee pf (6) 3x West Pa Elec pf (7) 2 West Pa Pw pf (6). 3 West Pa Pw pf (7). 2 Western Marytand., Western Pacific.... Western Pacific pf. » Western Union. ... Westingh'se A B 50¢ Westingh se Elec. . Westh'se Ist pf 3% Weston Elec Inst Weston Elec 4 ¢ White Motor. White Rk M S White Sewing Meh. Wilcox Uil & Wilcox Rich A Wiison & CoalZize Wilson & Co pf (6). Woolworth (2.40). Worth Pump pt A Worth Pump pf B. 2 Wright Aero...... 24 & Towne (60c) 4 244 Yellow Truck - 261, 18 Young Sp& W (11) 21y 13 Youngstown S&T.. 56 3% Youngstwn S&T pf. £1 3% 12'3 43 PEON 213 1% Zenith Radio. . 15 5 4 Zonite Products. 1n 21 Approximate Sales of Stocks on the 1015 11:00 AM. 260,000 12:00 Noon. .... 460,000 &:‘ n 1:00 P.M.. . 640,000 2:00 P. M cecsnaaaa, 350,000 =5 Total sales for the day. 1,100,000 5014 s Dividend rates as given in the above table are the annual cash s payments based on the latest quarterly or hait-vearly aeclarations . s Unit of trading less than 10v shares ' Annual rate pius extra. Accumuiated dividends a Paid this vear b Pala last year k Companies reported in receivership or being | teorganized x Ex dividend. 15% 42 154 41 1 . X, Mnck [‘than;e 3 “© 113 113 +1 CHICAGO LIVE STOCK. sartment of "Agriculture). —Hogs, including 5.000" direct with ~ Tuesday: _1¢ 10.00: ‘top, 10.05: 26 1 90 pounds. 8. R.50a9 most dplrkmg SOWS | light 2ood and" choice. pounds, 70: light weight. pounds. 5a10.00: medium weight. ) pounds, ©.N5a10.0)7 heavy wei pounds. 5a10.00 medium and good. R10an .. good and choice. pounds. 50 Cattle. £.000: calves. 2.000: undertone general market weak tn unevenly lower: |larzely steer and long searling run. with beiter zrades predominating: few early sales weak to 25 cents lower: prospects | 25 cents or more down on good to choice 1 rings: early top weighty steers. | moderately active trade was on all | lightweight heifers and better grade fa | cows, but cutter and common cows siower- buils dull and vealers steady. Slaughter cattle and vealers: Steers. good and choice. | 900 pounds. 9.75al L 900-1,100 pounds, 10:25a1300:" 1100-1:300 " pouna 300-1,500 pounds, ‘1 Commonand " medium, 00a10 choice. 500-750 b mon and medium. 4.50a9. 700a8.75; common and ~mediu 7.00; low cutter and cutter. Balls _(vearlings excluded).” good 5 0: cutter. common and medium. 50: vealers, good and choice. R.003 medium. 6.00aR.00: cull and com- mon. 5.00a6.00_ Stocker and feeder rattle Steers. zood and choice. 300-1.050 pounds _;,;u'}"fl common and medium. 5.2 Sheep, 11,000, slow, about steady 0 pounds. 9 .¥5a ) pounds. 100-146 S350 10°00- | uneveniy CHICAGO. June 5 (7 (United States De- | packing | 7.000; scarcely enough on sale |12 | 4.10a1 20" East S Gasoline Outturn Slightly Off, but Stocks Show Gain to test prices: market active and strong to higher on the few choice vearlings offered: bulk. two doubles. rather plain California ers, 9.00, per cent out_al X.00 10 choice native Springs, steady: native ewes. . Slaughter sheep and iambs: ood _and _choice. 5-150 pownds. weights. rin 2ood . sheep | mostly. | ring lambs. medium. ®ood and ‘common By the Associated Press The Bureau of Mines reported fo- U. S. TREASURY POSITION. S iE] n s A av that daily average production of was: Receipte. $1°1.010.870: expenditures. | 000 gallons, compared with 4.367.000 $35.281 for March. Production in Oklahoma increased. the Texas Panhandle was virtually unchanged, while the remainder of 70.977.14 ; & O s ot S04 D11 306 ‘Te)_(ns and California showed a ma 0.- | terial decrease. | Stocks totaled 234.594.000 gallons on ble | anfe ot Seatt 48% 3 108! SGRANARS | April 30, compared with 220,367,000 5% et balance. $2,003.305.657: | on March 31. | Exports declined from gallons in March to 7,086,000 in April. L = MONEY MARKET. NEW YORK. June § (».—Call money aCy: ta per cent all day. Time loans steady: (0-00 dave. 14 offered: 4-8 months 3, offered_ Prime commercial paper 3¢ per cent Bankers acceptances unchanzed Reciscount rate. New York Reserve Bank. | i 113 per cent. 810049 (including gency expenditure: gvn‘me previous day; gold assets. $&. METAL MARKET. NEW YORK. June 5 (.—Copper quiet: electrolyiic spol and future. Blue Eagle 9.00; export dy: spot and nearby. 51.10 5 Iron guiet. unchanged. Lead Steacy; spot. New York. Louis. 3.9534.05. Zinc future. 430 Antimony. spot dul : East St_ Lo Aluminum. 12.00 13,733,000 | FINANCIAL, STOCKS MOVE UP \ DURING BUSY DAY Bulls on Utllmes Win in Con- | trol Contest With Bears on Metals. What nid Storks Tues NEW YORK e 5.—Bu 1t shares bears on ferrous metal ies contested control of the trend of stock prices today, with bulls getting a slight non- for he market closed er. with a number of tions to more than 2 points, final prices were generally day’s best. The turnc ted 1.100.000 - 5 ant at ilarly high- es up fr although nder the approxi- the start w 1935 ' 2 points above ves- luded Allied Chemi- National Biscuit Reduction. Pennev stman and Amerad U. S. Smel'- Smelting half uch and C co motors turned easy, with U. S Bethlehem. General Motors and ler finiching wit losses of ires were t much of their out steady. Motion pict New York Cotton he Ases . NEW ‘aon}«. 1 5—Cotton was quidation a er Tuesday prices $3.50 low levels m early de- rained. and 1 Cottanseed Ol 10.36 10.36 Sentember December Liverpnol Quotations RPOOL. J: 3 FOREIGN MARKETS. oA LONDON —Reven d< repor: LOANS AT 59, —on downtown centraliv-located hosi- ness property_ Also anartment hanse loane at 5 Reasonable commis- sions, Tyler and Rutherford, Inc. YRSt AW Natl 0135 BONDS Local—Listed or Unlisted Municipal Real Estate Utilities Industrials INFORMATION—MARKETS JAMES M. JOHNSTON & CO. 910 Southern Bldg. ENTERPRISE BUILDING ASSOCIATION 7th St. and Ind. Ave. N.W. LOANS Made on Improved District of Columbia Real Estate Security Monthly payments as low as $7.50 per $1,000 First Mortgage Notes Available | 6% Secured on New Homes Safety and Yield Combined SHANNON & LUCHS 1505 H St N.W.