Evening Star Newspaper, June 10, 1935, Page 18

A—18 #¥» FINANCIAL, THE EVENING STAR, WASHINGTON, D. (., MONDAY. JUNE 10, 1935. FINANCIALS BANKS DECLARED) TRANSACTIONS ON THE NEW YORK STOCK EXCHANGE SPECIALTIES LEAD By private wire direct to The Star. Prev. 1035 Stock and Prev. 1935 Stock and Bales— Prev. 1935 Stock and Bales— Net. High. Low. Dividend Rate. AddM High. Low. Close. Chn. High. Low. Dividend Rate.. Add 00. High. Low. Close.! Enu High. Low. Dividend Rate.. Add 00. High. Low. Close.Chge. & 2% Mo Kans & Texas.. 1 3% 3R 3 79% 43% Splegel-May-Stern. 24 60 58 60 - 55 52 AcmeSteel (12).... 1 bd% 5% 54% STOCK AVERAGES 10% Mohawk C M D1 Mm% - 19%a 135 Stand Brands (1).. 7 148 + l 7% 4% Adams Express.... 5% bl 55 Monsanto C (1) 4 T4% + 4% 215 Stand Com Tobacco 2% 28— 33 28 Adams Millis (2)..e 29 29 Complled by the Assoclated Press. 21% Montgomery Ward. 20 25l + 13 Stand Gas & Elec. .. 3% 3 3 * . { : 11% 8 Addressograph 4 10% 108 + % 61% Morris&Essex(3%) 10s 63 1%, Stand G & E $4 pf.. - H “?. 10:% Ad':lm;. Rll;l'fll.‘) Tt 13: !‘l;% :]'5: ~ 15 15 P 1'4 Mother Lode. . o % 12% 4% StandG&E$6pf.. - 364 104% Alr Reduction (3).. % 3 1 Motor Whee! (10¢). 16 6 Stand G & E 37 of.. 214 = A. B. A Counsel Says Fate| 20m 15% Alaska Jun (t60c)." 28 17% 17 17w+ % oduat.. Ralls:* THL Btocks 7" Mullins Mfg. . 3 A 4 38% 274 Stand O of Cor (15 7% Many Early Declines Wiped ; 1% % Alles Corp (k). o R o e ST 3674 Mullins Mfg pt 60 78 ; 116 111 Stand Oil Exp pt(5) 2 | out Aft Dull Mixed ¢ S Alleg pf wS30w % 3 %+ i E i g i 4% Murray Corp. 27% 23 Stand Oil of Ind (1) 58, 25 - % | u r X ¢ of Reserve Principles G5 2" Allegprwslow(h. 2 M I so2 225 “zy B0 30N Biand NI (). bl ¢ 4 1528 125 Allled Chem (6).... 19 151% 148 151% +2 585 223 307 425 5 11 Nash Motors (1)... 67 . Is Up to Congress. 64 34 Allled Stores. . . 8 3% % W YRRETY 6 418 14 Nashy Chat & St L. 70% B5 Allied Stores pf (13} 2 69 69 69 + % s . 33.7 Y 432 4% Nat Aame Co...... b — ;.’g'f. 12 Allis-Chalmers. ... 19% 20'a + :: 27.6 X 429 224 Nat Biscult (1.60).. 5% 215 Stone & Webster. What Stecks Did ’ : % 4815 Amerada Corp (2).. 5 69% 69% - i 3 7 3 214, Studebaker (new 2 s v Sty ¢ BY EDWARD C. STONE. | 27% 1313 Am Bank Note. .. 2% 20% - & . 20 s e 2 : ! 5% 60% Sun Ol (11). - 2 75 75 | advanees .. .. o + Banking in America today “stands| 29% 21 Am Br Shoe (f80¢). % 26 26 — % # . 5 s ) Nat Dept S 18t pt(k 121 115% Sun Oil pf (6)...... 4 119 Declines \oveies at the cross-roads.” subject to the de- | 125 119 Am Brake Shpf(7). 10s 12413 124% 124} g : - s 234 Nat Distillers (2).. 18% ‘11 Superheater (566). - * | Unchanzea'. 1111 termination of Congress either to| 128% 110 AmCan (14). . 511328 128 132 4% ; - v 157-7 9 21 NatEn & Stpg (2).. 3 1% Superior Oil Total issues ., maintain the principles established by | 168 1514 Am Can pf (D). J 1613 1614 1614 414 2 I i ; ; ; rir ek BY VICTOR EUBANK o " Am Car ‘oundry. 5 b » ’ " > AT the Federal Reserve act or “to project = 9 Associated Press Financial Writer Res into a| 45% 25% AmCar&Foundpf. 5 38% 38 38% + % *New 1935 high. - 2 i atilniatery Uoms o o S el D e Nat Supply Copf. 28% Texas Gulf Sul (2). 3 : NEW YORK, June 10.—A last-hour e % % 15 Am Crystal Sugar.. 14% 15% + 1% 814 Tex PacCoal & Oil. 12 rally gave the stock market a much- ‘ciples,” it was declared by D. J. Need = Prev. 1935 Steck and Sales— Tia Nat . J & “ham, general counsel, American Bank- | 153 ©7}% &% Sy sl St a. 16 122 +7 gich” Low. Dividend Rate.. Add 00. High. Low. Close.Chas. NS A ae) el ax Do Pame s 4 LUt meeded boost today after dull frregu- bl The Fair...... A sion. Specialties led the upturn ‘ers’ Association, speaking before the 109 103 Duplan Silk pf (8). 508 106 106 106 12% N ¥ Cent iy Y Fst assiclsiion £ JmE aatie B 1021, 86% Du Pontde N (2.60) 33 99% 98 99% 41 e s et Vi e g 121 Am & Fot Ew/pt (§) 1 Ltist () 208 110% 110% 1104 — % e chbe 24, Third Avene. . | wonvention on the banking bill of 1935, 14 Am & For Pw pt (1) Tate Diguenafe1et * % N Y Investors (k). 6 AN At i+ 7 5| Many early declines were canceled mow pending before Congress. 's 3% Am & For Pw 2d pf S 3% Eastern Roll Mills., % 4% A%—% 2 fi ; g H & Hartford 13% Thompson Products |or replaced by moderate advances. X1 title II of the proposed bill in 8% Am Hawalian SS(1) T4 11008 Iae IR KO (S) 186 108 144k . 2% ntario & West 3 3 n % 15 Thompaon Starrett. 1 | The close was rather firm. Transfers Jts present form is enacted, it will, 3 29%2 Am Home Pr (2.40), 52 . 5 69 N Y Steam pf (6). 7% Tide Wat Asso Ofl.. 1 approximated 600,000 shares. = in my opinion, carry the banking sys- 34 Am IceCo... . 297 o0 Bieateio Aato Lite Son 97 7o NYSteamist (1) p0a 84 84 Tide Wat A O pf(6) 9 Various reasons were advanced for ‘fem of America into another period 28% Am Ice Co pf (6)... 112 107 Eleo Auto Lite pf 1. 178 mA-NO';"I: ‘:’"v'.;" iy 13 39 4% Timken-Detroit.... 5 | the tardy revival in the equities list ‘of experimentation and result in abro- 4’3 Am International. .. 614 3% Electric Boat. 107% 99 Nottl Watt ot (67, B0s ;5? 28% Timken RB (11)... 2 | but the general opinion was that the ‘zating the basic principle of the sys- 9 Am Locomotive.... 8% 6 Elec& Musind. ‘ S Ny 4% Transamerica(25c) ¢ drying up of volume on small declines ‘Yem, namely, regional autonomy,” Mr. 2 m Loccmotivemt. | 3% 1% Elec Pwr & Light. 3 ; e > Henanoncn i 7% Trans & West'n Air 9% * | indicated the basic strength of the Needham said. “Title II of the bill, [ 233t 156 Am Mch & Fy (30c) 2% = M| 134 213 ElecPwr&Lts6pf.: 15 1 . Ak North Aace e e et 5l Transue & Williams ; I el aa s i 1f it is not modified, will establish [ o013’ 1310 Am Metals . 19" — 3| 16 3 Elec PwraLts? ?t.. q % 57 North AmEdpf(6) 3 74 ‘s e ?;;..) 3 E % — TR e s ek Yo Thaaiis indirectly. if mot directly. nhcemr]llal 301 24 Am News a7 =l gg“ Blsc orar Bas ) %+ W1 21% 134 Northern Pacifie... 11 %[ 6% 4% Truax-Tra Coal : factory. Current steel production bank, which is contrary to the well- 4% 1% Am Power & Light. - % . = & = % e ———— 6 313 Truscon Steel was estimated at 39 per cent of capac- recognized fundamentals of our bank- | 23t 8% Am P&L 5 pf (1%) siip Sy | a3 2o BaatEt ol oTtE] ; 14 9% Ohio Oil (alse)... w120 12% $ Triscon B { ity off one-half of 1 per cent from ing system. 277 10% Am P&L $6 pf (1%) , - 4% 1 Oliver Farm l'.auflp. I 2% 1% Ulen & Co. . 4 f the preceding week. The N. R. A “In my opinion. Congress should not | 16t 10% Am Radiator....... 2413 —1 5 2 1 3 R G D e 26% 13% Oliver F Eprpf A 67 53% Und-Ell-Fisher (2), i “stop-gap” dispute in the Senate was pass title II without amendments| 151 134'; Am Radiator pf (7) 151 151 e el e e 13% 5 e e e T [ 133 127 Und-ENFishpt (D 30x : rot considered especially bearish Which will retain the basic principle | 24 15% Am Rolling Mills... 13 & 18 184 — %| 255 17 Falrbanks-Moi " 215 +1% P e ¢ N 44 UnCarb&C160.... 4 5 Corn recovered and other grains im of regional autonomy for the Reserve 8; GR‘ Am Safety Raz (5). 79% 80 -1 10 7134 Fairbanks-Mrs pf © 22 olmatedl s K B 2014 14% Un Oil of Cal (1) 1 banks. Titles I and III of the bill ‘7’:' ‘4‘ 'a Am Seating. ?‘ 6%% 13's 5% Fed Lt & . P ! 3% Outlet Co (2) 8215 Un Pacific (6). 1: should by all means be enacted by | 3% 7 % Am gmel!&k 424 43% = 4| 41, 21, Fed Screw Works % 215 80 Owens-1ll Gl 3 1005 @ Un Evetnc pf (1) ! laggard. Bonds were steady. Foreizn Congress as soon as possible. Title I 25 AmSnuffof (6).... 137 137 35 2813 Fid Ph F In (11.20), ! 20° Un Tank Car (1.20). “ | exchanges, due to the closing of mar 9 1 2 3 2 : 18 12 B 5 = ; " . 16 12 should have a maximum annual rate o el moundzy 18 1M - W 112 1064 Filene'sS pf (63) : 134 Pacific G & B (1%). 2 22 224 u e e IS 1 Lk kets abroad for the Whitsuntide hol: R . > 6 4 584 Sterling Prod (3.80) 2 15 1t Sterling Secur (A) . Trend Most of Day. 104 6% Stewart-Warner. 9 8 9ia - Sl ++4 0+ FIERFEE FEFVESL bl oo BRURFS iE o2 + ¥ % G ¥ - NN AUC At s AR » - Sow | proved on a sharp decrease in the visible wheat supply. Cotton was a of assessment which will permit the 4 553 Am Sugar (3) s 4 13% Firestone (40c).... 2 d 33% 19 Pacific Lg (240).. 26 33% 324 2615 201, United Bisc (1.60) .. “X;n?ffi,}“c”afi“‘ e shares were star per- 8415 Firestone pf A (6) banks to live. Any annual assessment 181; Am Sum Tob (1), 2015 205 — % ‘M: First Nat Strs(2% ) : % 70 Pacific Tel & Tel (§) 101 | 11713113~ United Bise pt (7).. 10 L n Can srares " r rmers wi gain of some 5 points 20% Food Mach (1)..... 5 5 1 -Public ctfs (k). ! There were reports that a new beer - heyond 1-16 of 1 per cent tends to 987 Am Tel & Tel (9) ..,.. ,gsa_ 114 214 Follanabee Bros (k) 2 9% 7 FPac WnOil (bi0c). 8% | 60'a 46 United Carbon 2.40. !fi&i 8814 -.10. 97, Foster-Wheeler. = - P 20% United Corp pf (3). e container was 1o be pushed by the hinder the banks in their endeavor 7213 Am Tobacco (5).. .1 to aid recovery.” 913 74% Am Tobacco B (5).: i H. Parker Willis, former secretary | 140 129% Am Tobacco pf (6). 139 139 60% Foster-Wheeler 9 9 5 < . 21, 9% United Drug... 2 9 N company. Mullins Manufacturing of the Federal Reserve Board, and H:- T2 Am Wat Wks (80¢), 12 2% Foundation Co.. .. 3 3 3 | Y . > . ; _3». United Elec Coal. 37 3 3 preferred, a 10-share unit, climbed now an economist connected with '7;: 43" :: g;;lvzlunt). 19%, Kourth Nat In a60e. ) | PaetlesiMotae 3 = i ; 1‘1‘:6 g:ll:dd gr;l;:;“) "zl : |10 on a moderate turnover. Corn Columbia University. attacked the b Yok b = ‘0 55 . 8% Foz Film (A). 3 15% 6413 Penick & Ford (3). T ; | e AP D W : o Products. American Crystal Sugar and Eccles bill in an address mday_ before n': fi" Am 0: egn .- o ? 174 Freeport- Texas (l) 5 2 57% Penney (J C)(2)..w $ 10 “ T Pl DW ot Philip Morris moved ahead 3 each the New York State Bankers' Asso- naconda Copper-. ... G - 4% Fuller Co 24 pt..... " 105 Penney (J C)pf(6). = = 10 UnnE e Y w.. We ¥ 2 1 Others, finishing with gains of frac- b e e e e 21 Penn Coal & Cok 3 3 P 5 <15, tions to around 2. included Allied 78 3% Andes Copper...... s ciation. He took up many of thel .= o0 3% 4 3 5 24, 36 Archer Dan M (11). 40% 381 32% Gen Am Trans(1%) 17k Pena 3 40'; U S Gypsum (1). , 2 R R (1 r : 2 <ter 14% 19%a 11% Gen ASphalt....... “ | )’M P-::)u :-’C 5 USHoffman... i Chemical, Continental Can, Western points which have already been op-| 7, 1213 Anchor Cap (60¢) ... 215 posed by many of the leading bankess | 1061, 97 Armour Del pt (7). 10335 lo'&‘e 103\, 2 9% 7% Gen Baking (60c). n 8% 78 Petrol Corp. 5 = : 2 '4 35' U S Ind Alcohol l’) k L4 Union, Americaa .chaccn B Case 3% 38 38 131 115 Gen Baking pf (8) | 204 125 Phelps Dodge a26c.. 713 U S Leather (A). 2 13 3 3 United States Gypsum, Chrysier du of the country. ! 6's 3¢ Armour of Illinof. 53 USL h f P G 3 5513 Armour T11 pr pf (6) 611 611 61% 7% 5% Gen Bronze. 7 Lilg S el 53 SLeatherprpf.. 2 A1 ont. General Foods, Westinznouse Real Estate Bonds Advance. “ 23 Phila Co 6% pf (3).. 4 : 22 14% US Pipe & F (50¢). “ American Telepione, Sante Fe and 4 Arnold Constabl: 5 5 5 4% 2 GenCabl 3 : " ~ P p P = Two-thirds of outstanding real es- 48 AssoDG2dpf. 3 524 53 461 19 Gen Cable p! e E el | 9% U S Rubber. .. Union Pacific. Most of the metals A (o8 G GG 3 13% Phillips Petrol (1)% 204 21 S U8 Bace R 6 e Y’::;’f‘f‘?;”“ep(:::d"‘l:‘““’ D during May. it is indicated by an 1915 Atlantic Coast Line 220 221 208 36% 321 Gen Foods (1.80)... ' 35 R et M4 6213 USSm &R pf (3%) : e Of & cent an Gunce o 3%, cenis analysis of the 200 representative is- | 21% Atlantic Ref (1)... 26% % 25% % % GenGas&El (A). 7% 241 Pitts United C bt .. 27's U S Steel. 2 ki 4 s " 5 & 2 ’ 73% U S Steel pf (2) sues included in the monthly survey | 112 106% Atias Powder pf (6) 1108111 111 111 66% 597 Gen Mills (3)... 613 Plymouth Oil : r : ) 2112 s 9 3’2 United Stores (A) . + ~ made by Amott. Baker & Co.. Inc 29% 15 Auburn Auto. ) 20 191 20 34l 26% Gen Motors (1)..... B3 : : 6 Postal Ter&Capf.. 3 7 it N ‘ork ( Of the 200 issues. a total of 131| 14 ~ 5% Austin Nichol [ | nu.:mv,cen Motora pf (5).. i % Drsiaadi SUSLLC (B} 4 ].f;[” t'{:.lx;%e.;":;_obf(:;). 1vn1 2 - New Yor otton increased in price during May and | 5% 3 Aviation Corp Del.. 3553 17% Gen Print Ink 1.60. 2 2 - 42% Proc & Gamb (134). a 4 Sl s 114 of these advanced from 1 to 11 | 106 837 Gen Brint Ink ot 16) \ 5% 204 Pub Sve N J (2.40).. 3 A e R By the Associated Press points. Bid prices of 32 issues were 1's Baldwin Loco (k). w o o 30 15% Gen Ry Signal ay.. 132 623 Pub Sve N J pf (5) 9 9 3 19% 12 ° Univ Pi ¢ NEW YORK. June 10.—Cot . 7} Bal p L y = L 0 | %0 2" UnivPipe& Rad pf 10s ] 3 . June 10.—Cotton w3 t same at the close of May as that 4 713 Baltimore & Ohto. .. 103 10% 3 S C:!l’l Realty & Util.. ol 74 PubSveNJpf (6). 2 5 214 1 Ttil P Lt (A).. % = [ todav und 1 o7 » e e . of Aumhy while 37 issues | 17 9t Baltimore & Ohlo b 18 an 234 145 Gen Real &0 pf ww 2 23 116% 853 Pub Sve N J pf (7). N SR A e el Lo decreased in price during the month. | 102, 100% Bamberger vt (6% ) | 5% 31 Barker Brothers. .. 106'a 106'% 21l 16% Gen Refractorfes. .. 131 100 PubSve N Jpf (8). : : 21% 11% Vanadiu ? 2 orp. 3 < o . 4 da 21 163 Gen Refrac ctfs. 52" 34 Pullman ing (3)... A "0\‘ H:j. Van Ral;r:ec = @ position. y ) As & whole, the price averages re- | o7 0 goncqa1) Corp. . . . b <0k “ Somewhat more favorahle weather flect. an average increase in MArkel| Lg% 371 Bavuk Cigar (1506 Pt R 16% 12 Gillett Saf Ras (1). | 91 5% PureOil...... \ - , 1 . 0 e 871y 70% Gillett St R of (5) - 2 sl o e Bl ot 5 g P 08 10 - 's over the week end influenced senti- value during May of 4.2 per cent {or | 19 ° 15y Reatrice Cre (a50c) the entire 200 issues. contributing 10| g7, 72 Beech-NutP (i3).. 16 16 29 23% Glidden Co (11).... 17 T «| 131 ‘st Purity Bak 4 6 4 7S 5% i i 8614 863 \ 109% 104°a Glildden Co pr pf (7) 220s z 2 28 + e tobet cold 6 Tioh 119014 41 A total advance of 17.3 per cent since | 1313 11' Belding-Hem (a50¢c) January 1. 17'a 11% Bendix Aviation. ... 1A% 1184 = 1| ];M ]}\- '(;fv;;‘l; \10""'2 .ee 2 2% 2 K 6 4 io Corporation.. 5 FE > but had recovered to 11.25 at the be- 131 — 1| » Go ust (1. | 623 50 RadioCorppfAdia 3 E 261 W nCo (1.20 P s, | inning of the last hour and the gen- Washington, led the whole list with | 38% 3 est & CO (2)...... 2 a Jumpgol 11 points. National Press | 34% 21% Bethlehem Fteel. xk Packard Motor.. 3 3 23 14 United Corp S~ 8. - - tate bond issues secured by eastern | i 35% Atch To&S F (b2) properties registered price increases 668 Atch To&S F pf (5) 19 - T SOTC ORI oL P —te 1 3 t ANNASAR 0E ~an B oo o e e 0de e + 1 144+ 38 1% 5 Goodrichi(H B : 28 1l Radio-Keith-Or (k) 12 3 . 1% W ML B Veris Ao T4 seknts 26 - 1| 54'a 40 Goodrich (B F) pf LA | 431 297 Reading (2)....... 30% 3 B e i St s Building first 3'zs were second with | 77% 55% Bethlehem Stlpf... I e g : | 11i 7 Remington-Rand... = WikiieE Fros Pla . e ate nd i 7 B - = o 5 51 C e SR = 3% 4 2 Warren FAv&P (2). vlj::efl\rscf ?lm:br;dov‘egolix;xi i;r:a‘xingag\lzlr]- { 614 Boeing Airplan 514 Granby Consol o | 155 9 Republic Steel 9 12 2 Wells Fargo S 25 | s 49% Bohn Alum&Br (3). 18x Granite City Sul (1) 2'a ae 49'3 28% Republic Steel 2 43 - 3 Wesson O&S (150¢) ing the month. E 90 Bon Ami (A)(i4).. 9% Great Northern pf.. 5 | 49 28 RepublieStipfet.. 5 Wesson O & S pf 4., N. R. A. Lauded by Watson. 21 Borden Co (1.60)... | 9% Great Nor Ore (§0¢) ¢ | 243 171 Reynolds Mewls(1) & 22 214 22 - > 34 West Pa Elec (1) A . i : e 281 Borg Warner (13)., a | 32% 26% Grt Weat Sug (2.40) 30 30 3 S0 P R et n i, 3 i 2 NGTES Blse 0 9 63 -3 il o Thomas J. Watson. president of | 813 Bridgep't Brass 40¢ 3 ll‘l Grt West Sug f(7) 515 431 Reynolds Tob 8 (3) % G 51" 4 West Pa Elec pf (1) 260s 71 Bleachable cottonseed oil futures the International Business chhmes. E 2415 Briggs MIg (2).... [ | 2, Guantanamo Sugar E West Pa Pw pf (6). i closed easy. July, 10.30b: September, Corp,, which has had a Washinglon | a7 315 Briggs & Strat (3). i | 46 37 Sareway Stores (3) 395 39 391, 4 West Pa Pw pf (7). % 1070 11715 = 1, 10.31b; October, 1030b; December, office for many vears, lauded the re- | 30% Bristol-Myers (12)a 338 30 Hack WpfA (1% 321, 32y | 114 110" Safeway Strs pt (1) ¢ 4 opin Sl 3 S S S e sults of the N. R. A. and scouted the | 363 Bklyn-Man I'r (3).. 9% ots Handlcon Wateh. CREv ST 2 2 10i¢ St Joseph L4 (40c). 3 18 5 Western Maryland. 7 - idea of any extended wage reductions | I g 90 Bklyn-Man T of (6) | 63 Hamilton Watch of % St L-San Fran (k).. 2 fe % Weatern Pacific. .. . = in a statement made just before sail- 4% Bklyn Union Gas(5) %, | 108 101 Hanna (M A)pf(7). - 1 L-San Frpf (k). Y { Western Pacific pf. ing for Europe Saturday. 31 Budd (BG) Mfg... 31 - 3 | 16 Harb W‘E"l‘"é“' 5 2 12 St L Southw'n pf. 2 | Wastiin Onion: > “My experience with the N. R. A. "‘v Buddg‘.m Mfgpf. = el ED \: g::::;oufl ’ E 6 Savage Arms... 1 & tingh’se A B 50¢ convinces me that it has improved E': g::lflld"d :"eo-l vEges 11127 Helme (G W) (1631, o 17 24 22 Schenley Distiller: 53 2| E 325 Westingh'se Elsc. .. | 15 >0. - = 2 ' Schulte R Strspf.. 9 9 < Weston Elec Inst. . 2 121 Y 5 N e T S N Ty Fal 2 Sepmen s 2o RIsmsem e mis S RS w ECURITIES will now reduce wages or indulge in 13 B B e w| 9% 5% Holland Furna ; Scahoere :'{‘tf'&’, ; . 3 &;‘?“:‘,&g&:’ «ste) ’ unfair practices regarding prices, 142 63 Houdaille-Hersh B. 1 3 ¢ = - = +60 e . 5 — s p 8 1 Bush Terminal (k). 5in 2 ab'd O Del (160c) 4 3 a1x > 133 White R’k M S 1.40. A ntormation. arkets he said. 1 1% Butte Copper & Zine 178 ‘1‘:1 ;}Wl:"' g;l‘~(-n-e-') - 4 Sears Roeb'k(aTse) 9% 38% 29 White Sewing Meh . “My confidence in the administra- n. % Butterick (k) % H % N e ous "s" AL = 3 Servel Inc. < 37 Wiison & Coal2le E A, 51 1 tion and in our leaders in industry.| €0 32 Byers (A M) f. % | 43 Howe Sount 5 314 Sharp & Do E E Wilson & Co pf (8). . ot b Traction labor and finance convinces me that | 6:: fl“""flm::' Cax Shattuck (F G) 25c. E 7 Woolworth (2.40).. 3 E Real E they will work out a plan for future | 4o,, 333 California Pkg (1% upbp i 2 Shell Union Ofl..... ; 1 Worth Pump pf A .. 2 ea state operations on a co-operative basis| i, 13 Callahan Zinc...... A A R nGos et « Shell Union O1l pf... 902 89 23, 73% Wrigley W ir (13). b , Finance which will be fair to all concerned. 43 233 Calumet & Hecl; a2 3y 33 231 lndus Rayon (1.6 E 5 s %y Silver King C (40c) = -~ We should now look forward 10| 154 71 Campbell-Wy(az0e) % 15 88 60's Ingersoll-Rand (2). Simmons Co....... | 24 17% Yale & Towne (50¢) 9 95, 193 Industrial getting American industry on a basis % 9% Canadian Pacific... | 644 46% Inland Steel (2).-.u 3 3 Simms Petrol (1).. 3 ’ 4l 2% Yellow Truck...... 3 3, Bank where we cannot only continue the ‘ 30 Cannon Mills (2)... ) | 164 8% Interboro RT Ay Skelly Ofl... o 2 ] :é‘ -‘Il;', ¥euaw Trock pf... 2 E 2 anks present wage scale, but increase it as 4% Capital Admin (A 5 28 Int Agriculture. ... Sloss-Sheffiel 2 ;- . oung Sp& W (11) 9 26k 2 26" Tnsurance Cos. business justifies.” he concluded. | 92 8 C“C"‘“l&g sta, (5) Fadls 1841 149% Int Bus Mach (16). ;nol:zr::glsfi:: B oungstown S&T T Utilities Mr. Watson will attend the eighth | 63 45 Case (J1)Co...... c. o2 * a3 227 IntCement (1).... 281, 281, 28 20 Sou Rt Sug | O AoV ilitie g 8312 Case (J 1) of (4). 9% 92 93 G so el s South Cal Ed (1%). - . onite Products.... 3 3. 3. 2 annual congress of the International . e illar Tr (11)% 6 E 4 . 38 Southori Dilsiesh. 2 2 & Chamber of Commerce as chairman | 49,7 307 Cateriilar T ¢ - 34 21 Int Merch Marine... 2 ¢ SontBerwpiiiogn : : Approximate Sales of Stocks on the N. Y. Stock Eachange. i i z 7 Celan LEE 293, 224 Int Nick Can (60c). & 11:00 AM 140,000 12:00 Noon. .. 230.000 of the American section. The con 114 Celotex Co (k). 130" 125" 1nt Nick Gan pf (1) Southern Ratlway.. 14 3 230, gress will be held in Paris June 24- 113 Celotex Co pf (K ; H 201D Int Nick Canc(T): . 3 HoLthern BT L. ¥ | ; 0P M- ooeosen. 570,000 29. More than 1,000 delegates from 2214 Cent Aguire (1%).. 3 2415 2115 int Print ink (1)... 13 23 Soexke Withington S0 L | _ Dividend rates as eiven 1n the anove table 0;3( all the important commercial nations | $I5% Coced e Euwrc (4) » " 105 983 Int Print Ink f (6) 5108 105 ; e R e ’ I s ments based o the alest auarierly o balt Yoo of ”"('. “"‘T]"":;l' ;’;:"i";n:‘" vitat fo- | ’47& 2:".'2‘3';.’&;‘«;’:%‘." 1 195 9 int Rys Lonf!‘A‘r,n Pt 10s 10 20 1 76 ey Corp (156) Toe 10° 16 exira. ¢ Accumuinted. qividends A PAI (hie senr ternationa 5. | 2 e Echl A 751 nt Silver veer 208 63% X ’ 2 7 = ar k Compani i = Three Washington bankers are at- 36 Chrscgp;;k.!co(?,(;) :”: 51: - Tel&’x?u. e 3 33 Spicer ”, pf(3).. E E rea <R nd‘r‘-‘::n;woma in receivership or being tending the annual convention of the | % Chi Gt Westn .. 128, %74 In:ersiate Dept Stra % - —_— - e Asmri:uon of Reserve City Bankers | 1% Chi Gt Westn of (k) 36 25 Island Creek C (2). 2 2 E RK BANK OCK at Manchester, Vt. They are Sidney L MAl ORI 120% 110 Island Cresk pt (5). 2 ‘NEW Y0 STOCKS Washmgton Exchange INVESTMENT TRUSTS |{| JAMES M. JOHNSTON & CO. . trust officer of Riggs | T T = ;.M"I;‘l::leg’:nk ;nshua Evans, K]f | % 2% Chi & Northwest. | B9 49 JewelTea (3).... NEW YORK. June 10 (# —New York NEW YORK. June 10 (P —New Yok A AL Benk, Josh o Evans, Nao| 10% 4% Chi & Northwest nf. | 57% 381 Johns Maranva2se 23 ‘ | Security Dealers Association | Security Dealers’ Association 910 Southern Bldg. ";;‘lprim;n o3 Wilner T Waller li R 4% c:l Pnuum’;m: T:ol 73 50 Jones&Laugh 7% pf 260s 7 (Quotations as of 2 o'clock.} SALES—AFTER CALL. | (Closing Quotations.) 3 g *| 341 20 Chi Pneu Tool pf... | P et e Bid. Askeg. . 5 vice president and cashier of the| “550 ] GR{RI&P (K).... 12w 77 Kaurmn D S(aé0c) 1 Bk of Man (1') . R %87, | Washington Gas 5s 1960—$500 a1 118, aqmin Pung we .. d. = same institution. The advance pro- | gs, 251 Chickasha CO (2).. 20% 15% Kayser(J)& Coble. 1 e A e (8| 1- 81 000t T10- oin i | Am S 21 ror IIIIIN||l|||IIIII|IIIIIIIIIIIIIIIIIHIIHIIIilIIIIINIIIIIIIIIHIIIII‘ gram indicated a most interesting % 135, :hildsCoé‘.,...(.'.‘.)- 2% % Kelly-Spring T (k). "1 3:," H.",,'B”& Tr @) . 1 | Cnlnlm:;]'l‘nnsn 0.—10 at 20'3, 10 i 1% | m:m;fénu backward at Washing- 3& '»r‘r c:‘zryy;:::r& Fuel (). :2": 2‘4 el S-;-sy':-ptll'i‘;’- 2 Goem B & b o i | 'd‘ ked Pri | Eorporate, THist 44 | A Old naT { ton's financial history reveals that | 100 87 City los & F'pf 6%. 1810 124 Kelvinator (150c). 16 ommere i Bid and Asked Prices. |G AT : Sl An a 2S5 (ZJ the old Union Savings Bank was ' City Store 21% 13% Kennecott C (60¢c). 5 3 _ e Trust _Acciim Ser o opened just 44 years S50 today, on 161% Coca-Cola gn i Kiey (@)oot 100; BIR e (a1l 1 ! BONDS. :‘%EI’%ST,{"“%;":""“ sgrmea Seventh street in the basement under e 24'5 1 Kres; eee X Pirst Sofit ((i?)r»( 2) . PUBLIC UTILITY_ Dlygimnea 'r“c A 28% 2214 Kroger Gr&Bk 1.60. 26% ’ e Five Year Fixed Tr later, Howard Moran, now vice presi- 1o Fuel&Iron (k) Trving Tr (60) " G Am. Tel. & Tel. Col. Tr i oo hpae e eed T . dent’ of American Security & Trust s‘,’ o e ol Anacostla & Potomag 5s.. .. . riist ! 27 ot. Guar. 5 s Fixed Trust Sh B . Co., joined the bank’s staff and before | 19s: 108 Colo & South... ... 28% 24 LambertCo (3) ~ e “ |pund Invegtors fne he was 21 years old became assistant 13 7 Colo & South 1st pf. Members Wnshinatom Stnck Erchange Asked. S e +44+40+1 1 T+ b+++0 00 1+ + |+ SR Lo < | An 17% 10% Leh Port Cement. .. 14 = : g Ton | G R L SV e T . Fund Tr Sh . 24 1% Lenigh Valley Coal. L T S | Gl Sredon® {0 [ming Tr Sh 8 cashier. Many of the city’s older 3% Col Gas & Elec. 12% 5% Lehigh Val Coal pf. United 8t Tr (70a) 1605 16565 Georgetown Gas_1st 4 ciees | e Y;‘r ;,"’;Sllg‘l A bankers wmbs recall bthe xn:tmlxuuox'; 2 2;% ((T:ollum ge;te“) 11% 5 Lehigh Valley fz R. a0 a—Including extras. | Bot. Elec. Pow. Cons. bs. Investors Fund of Am Ine - which was absorbed another bank | olum Carbon = 9% 67% Lehman C (12.40).. 5 — § 5 ryland Pund Inc.. S e e | 39% Comel Credit (2)... 5 32% 21% Lib-O-Ford GI 1.20. 2819 E 5 T2 N Several Washington bankers have| 66% 56% Comel Inv Tr (12).. 24% 21 Life Saver (1.60)... 23% 23% FEDERAL LAND BANKS 3 6s. series oo o T % 17% Comel Solv (160c).. . 2 5 11215 1123 B 4 . N'Y Bk Tr Sbrs_. already started the vacation season. et L s 113% 94% Ligg & Myers (14) MISCELLANEOUS BONDS. One of the most unusual outings is 23:‘. g:"‘":s:“"’t“",'; MBS ATILIES £ Mysis B¢ L) T o eV YORK. June 10 (P.—Federal Land | piper & Ross. Ine, 6ias.. §20 % Comw u D! . 167% 151% Ligg & Myers pt (7) S se Club Aiss.. ... 103 [ 9580 being taken by James C. Dulin, jr, 27" Congoleum-N (1.60) . ek AT IE Tocative. 19% (Quotations as of 2 o'clock.) Do I Nor Am Irsh Th Building & L treasurer of the American Security 9 Congress Cigar.. .. % + % 251, 17% Link Belt (60c) 2 B Asked. D. C. Paper Mig. ®s........ $16 .11I'|Nor Am Tr Sh R € Dul ln 0an & Trust Co.. who left Saturday for & 23% Conn Ry & Lt (434) 35% 31% 2414 Liquid Carb (1) . A L a0sh, - M. g . [EmmemmilE 301 month’s visit to Alaska. He went by 4 41 Conn Ry&Lt pf (4% 15 41% 31% Loew's Inc (2) . B + % | 2 dan 1osdoade, ... 1000 . S | Selected Am &b .- 281 G Plan of Sav|ng plane, only five changes being neces- 7 Consnl Cigar...... 8 1% 1 Loft Ine. - 1043 10034 'sdema Cumul Sh > - | sary on the whole trip. 71 Con C pr pf ww 635. 5 37 33 LooseWiids () 9 208 | Amer. Tel. & Tel. (... .. | Stiettea Tncome Sh: ' ; kel M ime/! C. J. Gockeler, former president of 73 ConCgppfIwél. 18% Lorillard P (+1.20). 17 L3 o + 8|48 N Loa 108 | Cibial Ty & <" | Spencer Trask Fund S ERTSE is Sure as Time the Washington Stock Exchange and 15% Consol Gas N ¥ (1). 23% = % | 140" 124" Loriliara b pr (1) g an.. : 413 | N & W Steambost St (#) 108% sl st e o URE as Time itself is the Building an official in the Hamilton National 72% Consol Gas pf (5).« 97% + % 1% 3 Louisiana Oil.. 3.’ — . ! Po. EL. Pw. 5'2% Bf. 15.50) 1:1 3 0 Am T A, .. and Loan Plan of Saving . Bank, was back at his desk today| 2% 1% Consol Laundries... 1% + %| 1413 7 Louistana Oil pf 10 - L A sl Tr 3 | partly because it utilizes—Time—em- after a trip to New York, including a | ¢ g’,: g::x:g‘;'c";;;; :“: o i;:: }x ‘i:::;:’s&m‘"'/' 4 ' . 2 3| Wash: Ry & B om. &1 E e 3 “22 | Dloys Time for your profit, while safe- visit with friends on Staten Island. I ConITaatiies %= feosese 44 | RUArding your accumulating principal! s 8% Container Corp (A) 8%~ % | 46 40 McAndrews&F(12). » 3 Container Corp (B), 3 35 28 MecCallCorp (2).... | RANCE STOCK % Contl Baking (B) % 18 7% McCrory Strs A (k) mNSU 10 2 sy X 48% Contl Baking pt ( 55% + % | 8% 7% McGraw Hill Pub. .. setiy PoR TARtoclatony o 1 % 62% ContlCan (2.40)... 81% +2% | 45% 36% Mclntyre Porcu (2) Bid. Asked. 7 Contl Dia F (a30c).. 116 90% McKeesport T P (4) Aetna Cas (2! 2t Rala | 15% Contl O Del al23je. 233 41% Corn Ex Bk&Tr (3). A"Ic\llulrll ) 62 Corn Prod Ref (3). Am Ins Newark (1200000 i 1 35% Cream of Wh (12).. am BMmunC 12% Crosley Rad (a26c) Autcmohlle ) xd 24 3 231% Crown C& S8 (1)...- Balt Amer_ (.108) a 431% Crown C&S pf(2.70) B 00 o 14 Crucible Steel. 1 Maracaibo Oil Ex s 5% Cuban-Am Sugal 4% Marancha Corp. :3% gu:::-A& !-(:; ‘zf'-- 5% Marine Midld (;:AMI‘) : 3 ’ udahy Pkg . 20 Marlin-Rockwell( = - e O 5 16 Curtis Publishing.. 6% Marshall Fleld..... “";gflw" i the srevious day: Sold asséis, $8,- | . . . and you'll always find at “The 01;',;,"",", {1.60) f 891 Curtis Pub pf (T).s 23% Mathieson umv.)x 12 Gorpe cero 100 92;;1‘:-;“’& sune 5, 1034 ¢ m elity” @ friendly spirit of helpful- aytag p! . - > .042; net alance. 73 Cushmans pf (7)... 83 3215 Maytag xw ($2%).. 30s 2 NEW YORK. June 10 (#).—] mu:%h:::m ’4' :'j v . ':),‘,),5“;5 receipts for the mom.h $6.- F' » 845 Maytag 18t pt (6).. 1008 97 tiialn Yereent f?‘ o 7 e 1 eht Sup Tr B ;-‘;fi{"fififldsg{,'}. i 4 @ Saving. “The Fidelity” way, is es U. S. TREASURY NOTES. fi' 1 Trusteed nustry Shrs 13 123 easy as watching the clock's hands RIS s s . B e e B B H % ro uymund . . and as inevitably cer- e e ags 150% 100 24-: 5 -mufi COMPANY. | E 57 Amer. Sec. & Tr. Co. (8. 198 2 | U.S. TREASURY POSITION. Come in and learn fully about the 00 Ideal Plan” of saving. Wash mn“b Tr. ... 195 +7 | By the Associated Press. 0 H ! SAVINGS BANK. L& stion s, Trsssuzy on June We Pay 5 /0 un'nm- Do, (& Savines (0) ‘534 R35.840: balance, 1.004 ; fl“ INSURANCE. 3' customs fecelpts for the month, §.- Compounded Semi - Annually American (12 5 1 from the date of payment to 2.50) - ] Bl 3 1 Reseints for the fiscal vear (since July the date of withdrawal National Union (.60) . v . 1 £y 36.044,84 TITLE u«wmnc! ® You can open A SAVINGS AC- Qolumbla, (30) ... . e s o mom S “,,lCOUNT with ONE DOLLAR or more ABrrwannSen 8% 15% 2 13ai9913! és ] "ufifiu 30% Macy (R H)& Co(2) 18% Magma Copper (2). 4 Manati Sugar pf (k) 13% Man Blevm g (k). .. g 3 BRNNANB S ORANND R0 o amnamuBRSR 3333333333333 bt o ki i 53 22% Deere & Co. 19 Deere&Co pf (340c) 231% Delaware & Huuson 11 Del Lack & West... 65 Detroig Edison (4). 26% Diamofld Mat (+1). 34% Diam Mat pf (11%) 84% Dome Mines (12)... 6% Dominion Strs(1. 17% Douglas Atreraft.. 1314 Dresser M A (b13%) 9 6% Dresser MIg B. e s r a X 2 X3 | o 1° Toaly. demand 8ok u 8.3 . Ref. {o L PRI e ndi 2 - | B Id L R i 2 R dedd b ki uilding & Loan 9% ma-c«mts P-.l -gri& 6 | Sweden 25.40: Denmark. 22.00; Minland. | 3% dugend Gt = 8% Midland Ste . Portugal, 4.48: o’r 94%: ' Polan —- A 60% Midl'd Stl 1st pf(3). s .95; Czechonlo: 19; lavia. S 1 58 Minn Hon R (i3). 1 4 30; " Austs ¥ Hungary. 20.700; FREIGHT LOADINGS. STEEL QUOTATIONS. SOC atlon 3% Minn Moline Pow. .. 8.60n: ‘hfi o 9] June 10 (P._Revenue| NEW YORK June 10 P._Steel prices | MAIN OFFICE 610 13th St. N.W. NEW YORK. 31 Minn Moline Pow pf Hongkong. 58.! freight car loadings on railroads report- | per 100 pounds. f.0.b. Pittsburgh: Mont: Ali l'e' York Wfl%v l‘ Yo I ing today for week ended June 8 inciuded: | annealed nheeu hot rolled. 2.00: 10% Mission Gorpercsn | Sl oe L. T g .':'m. RS T T T T R R A * A o - T PN T )