Evening Star Newspaper, June 13, 1935, Page 18

"A—=I8 w¥¥ FINANCIAL, THE EVENING STAR, WASHINGTON, B0, THURSDAY, JUNE 13, 1935. FINANCJAL. TRANSACTIONS ON THE NEW YORK STOCK EXCHANGE D. C. STORE SALES MAINTAIN LEAD Capital Volume in May Is Largest of Fifth Re- serve District. BY EDWARD C. STONE. Leading every other city In the fifth Federal Reserve district, eight big ‘Washington department stores regis- tered an advance in retail sales of 8.3 per cent in May over the like month & year ago, according to the monthly report made by the Reserve Bank of Richmond today. For the first five months of this year retail sales in the Capital were 12.4 per cent ahead of last year, this also being the best rec- ord in the fifth district, with the ex- ception of one city. Department store sales in the whole district in May of this year totaled approximately the same in dollar | amount as sales in May, 1934, but 40 | of the 59 stores reported smaller sales | last month. In cumulative sates for the first five months of this year, the fifth district showed an average in- crease amouhting to 5 per cent. Total sales in 504 stores in the United States in May, 1935, were 1 per cent less than sales in May, 1934, but cumulative sales in the Nation were 2 per cent above total sales in the first five months of last year. Individual percentages for cities in which three of more stores reported for May this year and the five months compare with corresponding periods in 1934 as follows: Jan.-Max. Cities. L Baltimore. Md. . Charleston, 5. .“Carolina. 2 & Carolina, 11 stores. = Reserve Districts Compared. The Richmond and Chicago districts reported retail sales in May as ex- actly the same volume as & vear ago, the Federal Reserve Board announced here today. With an 11 per cent gain, San Francisco reported the best show- ing of any of the 12 Reserve areas. The Federal Reserve Board's index of department store sales. which makes allowance for differences in the num- ber of business days. and for usual seasonal movements, including changes in the date of Easter, was 76 in May, on the basis of the 1923-1925 average as 100, compared with 73 in April | and 82 in March. Percentage changes from a year ago were o “May Ny 4t Stores. Citles. Mlerv: umnm Boston t. Louis Minneapolis Kansas City. ; a: = n Franciico B *May figures preliminary. in most | cities the month had the same number | of business days this year as last year. Reserve City Bankers Adjourn. Wilmer J. Waller, vice president and cashier of the Hamilton National | Bank: Joshua Evans, jr.. vice presi- | dent of the same institution, and Sid- | ney F. Taliaferro. trust officer of the Riggs National Bank, were back at their desks today after attending the | twenty-fourth annual convention of the Association of Reserve City | Bankers at Manchester, Vt. All were most enthusiastic over the program, discussions and conclusions reached. Of the 400 members, 280 were present. Charles E. Spencer, jr., vice presi- dent, vice president of the First Na- tional Bank, Boston, was elected presi- dent, and Norman T. Hayes, vice presi- dent of the Philadelphia National Bank, was named vice president for the coming year. It was stated here today that Mr. Evans made a new golf | course record for which he received a valuable prize One of the most interesting reports ‘was made by Guy Emerson, chairman of the Committee on Banking Law and Practice. Robert V. Fleming of this | city is a member of this committee. | Investors Are More Active. RIS PeA — ‘Business is picking up everywhere | and investors are gradually creeping | out of the shadows. Dan V. Stephens of Nebraska told the American In- stitute of Banking Convention at Omaha yesterday. He declared that | all the savings and investment funds | now available at low rates will find a demand on a large scale at the end | of the depression. The low rates of | interest are not to be deplored. he said, because they wiil stimulate busi- | ness and bring the country back wl prosperity. Joseph E. Parker of Tulsa, Okla., told the deposit functions conference that “banks and banking generally should be in better repute today than at any time in the history of this country because the upheavals of the past few years have eliminated the dishonest and incompetent banker from the picture, leaving only those who are competent and trustworthy in the position of management of our banks.’ Maynard W. E. Park of the Kansas City Federal Reserve Bank was nomi- nated for president of the institute and Henry Verdelin of Minneapolis | for vice president. Randolph Nuc- kolsy of Richmond, Va. was elected to the national executive council of the institute. Bonds in Lively Demand. Washington Railway & Electric 4s were in very lively demand on the ‘Washington Stock Exchange today. Bix consecutive $1,000 sales were made at 105, followed by two $500 transfers at the same price. It was one o. the best bond sessions in weeks. Washington Gas Light 6s, series B, came out in $1,000 transac- tions at 104, while $500 Washington Gas 5s, 1960, moved at the recently established high, price of 117%%. Stocks were quiet. Washington Rail- way & Electric preferred moved at| 105%2 in two small-lot sales. Amer- jcan Telephone & Té was quoted ex-dividend today. The bid on Capital Trapsit remained at 20, with 2174 asked, same as yesterday. Considerable comment was heard in the financial district today over Chair- announcement that asked in the light of past experience, Chairman Kennedy said. For the first five months of the present year sales of the Affierican Stores Co. totaled $49,704.180, against | 100 Prev. 1035 High. Low. Dividend Rate.. 7% 44 Adams Express 3315 28 Adams Millis (2) 11% 8 Addressog'ph al5e 8% 4, Advance Rumle: 138 104% Air Reduction ( 1% % Air-Way Elec Appl. 20% 15% Alaska Jun (160c). 3% 2 Alb Wrap Paexrts. 1% % Alleg Corp (K)..... 123 6% Alleg Cp prpf (k).. 1543, 125 Alljed Chem (6). ... 12715 122'5 Allled Chem pf (7). 6% 3% Allied Stores. 71 B5 Allied Stores pf (13! 22 12 Allis-Chalmers.... 20% 14 Alpha Port Cmt (1) 70% 4815 Amerada Corp (2) 57% 41's Am Ag Cem Del(2 27% 133 Am Bank Note. 6414 43 Am Bank N pf ( 29% 21 Am Br Shoe (1).... 125 119 Am Brake Sh pt(7) 180! 125% 138 110 Am Can (14) 30 138% 20% 10 Am Car & Foundry. 6 16% 45% 25)% Am Car & Found pf. 139 96 66 Am Chicle (13).... 2 96 381 4 24% 178 147 1% 80s 126% % Am Encaustie.. . Am & Foreign Pwr. 12 Am & For Pw pf (6) 14 Am & For Pw pf (7) 3’3 Am & For Pw 2d of 29'x Am Home Pr (2.40) x 8% AmIce . 4'3 Am International. .. 9 Am Locomotive. 82 Am Locomotive pf. 18% Am Mch & Fy (80¢c) 4% Am Mach & Metais. 133 Am Metals 1'3 Am Power & Light. 8% Am P&L $5 pf (1%) 10% Am P&L $6 pt (1%) 10% Am Radiator. .. 15% Am Rolling Mills 66 Am Safety Raz (). 1% Am Smelt & Ref .. .. 117 103 Am S&R 6%pf 17% 144 121 AmS&M 7% pf (7). 18% 12 Am Steel Foundry. 43 3315 Am Stores (12). 7012 65! Am Sugar (2).. 14(\‘1 126' Am Sugar pf (7). 18'3 Am Sum Tob (1). 98% Am Tel & Tel (9) 72'% Am Tobacco (5).... 74% Am Tobacco B (5)., 2'3 Am Type Fdrs (k).. 9 Am Type Fdrs pf(k 7'a Am Wat Wks (30¢). 4’ Am Woolen. 352 Am Woolen p: 8% Am Writ Paper (k). '"‘ Am Writ Pap pf (k) Am Zinc & Lead... Anaconda Copper. . Anchor Cap pf(63;) 36 Archer Dan M (11). 34 Armour of [1linols. 55% Armour I11 pr pf (6) 4 Arnold Constabl 3% Artloom Corp. . 807y Asso D G 1st pr(16) 35% Atch To&S F (b2).. 6% Atch To&S F pf (5) 193 Atlantic Coast Line 21% Atlantic Ref (1)... 32% Atlas Powder (2).. 106% Atlas Powder pt (6) 15 Auburn Auto...... R Aviation Corp Del. . 2 115 Baldwin Loco (K).. 7' Baldwin Loco pf(k) 715 Baltimore & Ohfo. . 36% Bang & Aroos (23) 3215 Barker Brothers pf. 5% Barnsdall Corp.... 371 Bayuk Cigar (150¢) 15% Beatrice Cre (a50c) 72 Beech-Nut P (13).. 11% Belding-Hem (a50¢) 117 Bendix Aviation. .. 15's Beneficial Loan 1% 34 Best &Co (2).. 21% Bethlehem £teel 14% Bigelow-San Cor; 9% Blaw-Knox. 614 Boeing Airplan 49% Bohn Alum&Br (3).x 90 Bon Ami (A)(14).. 140s 21 Borden Co (1.60)... 97 284 Borz Warner (1%4) x 24 815 Bridgep't Brass 40c x 245 Briggs Mg (2).... 23% Briggs & Strat (3). 30% Bristol-Myers (12), 36'% Bklyn-Man \'r (3). 90 Bklyn-Man Tof (6) 1 43 Bklyn Union Gas(5} 53 Brown Shoe (3) 4's Brunswick-Balk 4% Bueyrus Eri 84 Bucyrus Erte ev pf. 62% Bucyruc Erie pf (2) 3% Budd (EG) Mfg... 23 Budd (EG) Mfgpf. 2% Budd Wheel 8% Bullard Co. % Burns Bros (B) 3 Burns Brospf... 124 Burr Add M (60¢) Il‘t R\ern (A M) vers (A M) p 19 4 1 1 1 2 2 4 42!5 33% California Pkg (1% 1% 14 Callahan Zine.. 414 215 Calumet & Hecla. 17% 7! Campbell-Wy (a20e) 8% Can Dry G A (40¢c). 9% Canadian Pacific. . 30 Cannon Mills (2). 3215 Cap Adm pf A (3) 821 Car Clin & O (4) 45% Case (J 1) Co. 8315 Case (J ) nf (4 3615 Catrpillar Tr (2) 1915 Celanese Corp 17 Celotex Co (k).. 1% Ceiotex Co vte (). 11% Celotex Co pf (k).. 2214 Cent Aguire (1%) 384, Cerro de Pasco (2) 274 Ches & Ohio (2.30). 36 Chesapeake Corp(3) 7 Chi & East 111 pf (k) % Chi Gt Westn (k). . 1% Chi Gt Westn pf(k) 15% Chi Mail Order (1) % Chi MilIStP&P... % Chi Mil St P & P pf. 2% Chi & Northwest. . . 4% Chi & Northwest nf. 20 Chi Pneu Tool pf 1 ChiRI&P (k). 1% Chl R I&P 6% pf 25% Chickasha CO (2). x 31 Chrysler Corp (t1). 87 City lce& Fpf 6%. 3% City Stores 161% Coca-Cola 8) 53% Coca-Cola (A)(3) 151 Colgate-P-P (50¢) 9 Collins & Alkman. . 69% Collins & Alk pf (7) 14 Colo Fuel&Iron (k) 3% Col Gas & Elec. 35% ColG& E pf A (! 3415 Colum Pic v t o (11) 67 Colum Carbon (4).. 391 Comcl Credit (2). 118‘4 109% Comcl Cred lll(l%) 6715 56% Comel Inv Tr (12).. 115% 111 Comecl Inv cv pf(6). 17% Comcl Solv (+60c) % Comw & Southern.. 29 Comw & Sou pf (3). 5% Conde Nast Pub 27 Cong -N (1. 7 Consol Cigar. . 71 ConCprpfwwélj. 14% Cons Film pf (11%) 15% Consol Gas N ¥ (1). 72% Consol Gas pf (5) 6% Consol Oll. . 14 Consol Textile 8% Container Corp (A) 27 Container Corp (B) 43 Contl Baking (A).~ % Cont! Baking (B).. 46% Contl Baking pf (4) 62% Contl Can (2.40) ... 7 Contl Dia F' (a30¢).. 28% Contl Ins (1.20)... % Contl Motors. 15% Contl O Del a123e.. 41% Corn Ex BE&TT (3). 62 Corn Prod Ref (3). 4% Coty INC...coveeeen 35% Cream of Wh (12).. 23% Crown C& S (1).. 14 Crucible Steel 1 Cuba Co. 326 208 49%, 5 222 5T% 184 15% 3 % Th 684 643 nn - = P renenE S8 nan3nBE 10 7% 403 Cuban-Am Sug of. m:_ 4% 2 Curtiss Wright. 104" 6% Curtiss Wright (A) 2% 9 26 % 26% Diamond Mat (1) 34% Diam pI(t1%). £ o441l +1+00+ EERSET +0».:|<H-4- £r Rirr &S + 3 ¢ 3 [ * FErEEs F OFEPVF VE §FOF Pl+ #1440 44+ FF FFF FFE OF FE 111% 111% 19% 19% — A% + 44 + 1% 44 10 STOCK AVERAGES Compiled by the Assoclated Press. 30 15 Indust. Rails. +.3 Unch. 600 233 597 233 59.4 221 53.1 59.9 495 614 453 175 1469 516 15 Net change ... Today's close . Previous day Month ago . Year ago .. 1935 high . 1935 low 1934 high 1934 low 1932 low 1929 high . 1927 low Bales— Add 00. High. Low. 11 43 35 Prev. 1935 Steck and High. Low. Dividend Rate.. 43% 34/ Dome Mines (12). 273 171 Douglas Aircraft. . 23 13% Dresser M A (b1%) % % DuluthSS & Atl 17! 12% Duplan Silk (1). 102% 6% Du Pont de N (2.60) 149% 110% Eastman Kod (5)... 20% lfih Eaton Mfg (1).. 29 19% Electric Auto L|!0.‘ 112 107 Elec Auto Lite pf 7. 3% Electric Boat. 6 Elec & Mus Ind 1% Elec Pwr & Light. . 215 Elec Pwr&Lt $6 pf. 3 Elec Pwr&Lt $7 pf.. 39 Elec Stor Bat (2%) % Elk Horn Coal (k). 64% 52% Endicott-John (3).. 132 126% Endicott-John pf(7. 261> 14 Eng Pub Svc $5 pf. 27 14% Eng P S $5.50 of ww 29% 15% Eng Pub Svc $6 pf.. u T Erie R R. 17% 8'3 ErieR R 23% 15 Evans Prod (a5 2 Exchange Buffet 4 Fairbanks Co pr 17 Fairbanks-Mors 71% Fairbanks-Mrs nt.. 5% Fed Lt & Trac.. 48 Fed Lt & Tr pf (5). 3% Fed Motor T(alle). 16% Fed'd D Strs(160c). 2815 Fid Ph F In (11.20), 13'% Firestone (40c).... 7a 8413 Firestone pf A (6).. 45% First Nat Strs(2%) 20% Food Mach (1) 97 Foster-Wheele: 2% Foundation C 19% Kourth Nat (n a60e. 8% Fox Film (A 1714 Freeport-Texas (1) 100 27% 16% 281 2% 7 Gabriel Co (A) 814 5l3 Gen Am Investors.. 384 32% Gen Am Trins(1%) 19% 11% Gen Asphalt....... 9% 7% Gen Baking (60¢).. 131 115 Gen Baking pf (8).. 30s T% 5% Gen Bronze R 4%, 2 GenCabl 46'; 19 Gen Cable pf 634 50 Gen Cigar (14) 143 1273 Gen Cigar pf (1)... 264 2015 Gen Electric (60c).. 35% 32% Gen Foods (1.80)... 1% Gen Gas & El (A). 59% Gen Mills t:)“ s T8 35% 174 8% 130 130 % 6% 3 3% Gen Outdoor Adv. .. 10 Gen Outdoor Adv A 17% Gen Print Ink 1.60. 9313 Gen Print Ink pf (6) 1'x Gen Public Service. 15% Gen Ry Signal (1).. 4 Gen Realty & Util.. 14% Gen Real &U pf ww 161s Gen Refracetfs.... 14 Gen Stl Casting pf. 12 Gillett Saf Ras (1). 70% Gillett Stf R pf (§). 0 23% Glidden Co (11).... 109% 104% Glidden Co pr pf (7) 4% 14 Gobel (Adolf) (K).. 40 Goodrich (B F) pf.. 15% Goodyear T & R.... 70 Goodyear $7 pf (4). 20 Gotham Silk H pf.. 113 Graham-Paige. . 5% Granby Consol 14% Grand Union p 18 Granite City Stl (1) 26 Grant (WT) (t1)..x 9% Great Northern pf. 9% Great Nor Ore (50¢c) 26% Grt West Sug (2.40)x 12 19 Guantanamo Sug pf 100s 30 Hack WpfA (1%). 40s 4 Hall W F Printing. 615 Hamilton Watch 16 Harb Walker (1). 5% Hzl Corp of Ame! of ww (6%). na Elec Ry 1% Hayes Body.... 85 Hazel Atlas Gl 15), 127 Helme (G W) (15). 1 221 11 Hercules Mot (60c) 25 813 71 Hereules Pw (13)..x 128 122 Hercules Ppf (7). 9% 5% Holland Furnace 11 6% Holland & Son (51 412 338 Homestake (112)... 15% 613 Houdaille-Hersh B. 9% Houston Oil.... 1% Houston Oil (nl'). Howe Sound (3) 984 " 2 21a 2 109% 109% 140 140 23% 22 8¢ 79% 141 ) % Hupp Motors. . 17% 33 20 6415 4% 164 1 915 I1linois Central 23% Indus Rayon (1.68). 6013 Ingersoll-Rand (2). 46% Inland Steel (2). 2% Inspiration Copper. f% Interboro R T (k).. 4% Interlake Iron. 5 2% Ing Agricultural... 42% 26 Int Agricul prof... 184% 149% Int Bus Mach (76).. 6% 3% Int Carriers Ltd 20¢ 33 22% Int Cement (1)..... 34% Int Harvester (60c) 1% Int Hydro Elec (A). 2 Int Merch Marin: 22% Int Nick Can (6 % Int Paper & Pw «©) 4 Int Paper & Pw pf.. 21% Int Print Ink (1)... 9% int Rys Cent Am pf 42% Int Shoe (2). .= 17 Int Silver.. weee 5% Int Tel & Tel. . 25 Island Creek C lh . ———— e 59 49 Jewel Tea (3)..... 57% 3814 Johns-Manv (a25¢). 73 50 Jones&laugh 1%pf —— 12% 7% Kaufm'n D S(a40c) 20% 15% Kayser(J)& Co b 2! % Kelly-Spring T (k). 6 Kelly-S T 6% pf(k). 6 Kelsey-Hayes (A). 3% Kelsey-Hayes (B).: 12% Kelvinator (150¢).. 13% Kennecott C (60¢). 23 Kinney (G R) Co pf 19% Kresge (S8)(1)... 113 103 Kresge (S 8) pf (1) 56% Kress (S H) (11) o o mRsnETnanineTooscasgnnun! 24 LambertCo (3).... 8% Lee Rub&Tire (50c) 10% Leh Port Cement. .. 5% Lehigh Vdl Coal pf. 5 Lehigh Valley R R. 67% Lehman C (12.40) .. 141 Lehn & Fink (1%). 21% Lib-O-Ford Gl 1.20. 21 Life Saver (1. 0) 94% Ligg & Mye: 93% Ligg & Myers B(N) 18% Lima otive 17% Link Belt (80c). % 28% 11 22 lll% 110% 1 19% 26% 30% 41% 1% Wiles 1814 Lorillard P (1.20). l“ 124 Lorillard P pf (1).. 1% % Louisiana Oil..... 14% 7 Louisiana Oil pf... 17% 10% Louisv GEE(A)1%. 47% 34 Louisv & Nashv(3). 18% 12% Ludium Steel...... 35 28 McCall Corp (2).... 13 7% McCrory Strs A (k) 45% 36% Mclntyre Porcu (3) 116 90% McKeesport T P (4) 8% 5% McKesson & Rob... 45 32 McKesson & Rob pf 15% 8% McLellan Stores... 28% 18% Mack Truck (1)....x 44y 30% Macy (R B)&Co(2) 5 8 - 15 34u 9% 4 42% 42% 6116 116% 9 6% bW 60 Util. Stocks. +.2 43.5 433 425 43.1 436 348 51.4 349 169 1577 III+4I§.’ FEFEFE % ~ i 15 & OFEE ¥ SrEssRsErerESRFee » [(ZEZRRER IR ISR ET AR 4 7y 130 6% 4 EEE & L+10F 4400 0 FESS FEEF ¥ & 981, ~ 2ta 109 140 23% 84 127 cEFR 2 111 11 34% 42% — % ll: +1 L3 Ff‘fi#ff-__ an‘ 1088 Stock and Low. Dividend Rate.. 'm 5%s Madison Sq Garden. 36 18% Magma Copoer (2). 2 % Mallison & Co. 19% 5 Mallison & Cop: .10 4 Manatl Sugar pf 22 I13% Man Elevmg (k 5% 43 Marancha Corp 6% 5% Marine Midld (40c) x 10 T 3% Market St Ry pr pf. 400s 26% 20 Marlin-Rockwell(2)x 1 1% 6% M 1 Feld..... 3 23% Mathieson Alk(1%) 35% May Dept Str (1.60) 55 Maytag Co......... 33 Maytag pf ww $2%. 84% Maytag 15t pf (6).. 41 Melville Shoe (12). 24% Mesta Mach (1%).. 215 Miami Copper. 915 Mid-Cont P 13% 8% Midland Steel Prod 95% 60% Midl'd Stl 1st pf(8) 110 105 Minn H Reg pf (6). 5% 3% Minn Moline Pow. .. 48% 31 Minn Moline Pow pt 16% 10% Mission Corp...... 6% 2% Mo Kans & Texas.. 14% 5% Mo Kans & Tex 3 1% Mo Pacific (k). 16% 10% Mohawk C M 77% 55 MonsantoC ( 30% 21% Montgomery W 66 56% Morrel & Co (3.60) 1% % Mother Lode. ' 17% Motor Products (1) T Motor Wheel (30c). 7 Mullins Mfg... 36% Mullins Mg pf.... 190a 4% Murray Corp...... 128 30 My.rl"fi)kco 1.60.x Mdoo 4 4 5 13 2 3 Nash Motors (1). Nashv Chat & St 4% Nat Aome Co 6% Nat Aviation. 13% Nat Cash Reg A b0c 12% Nat Dairy Prod 1.20 17 Nat Dept S 1st pf(k 23% Nat Distillers (2).. 21 Nat En & Stpg (2).. 47 Nat Powr & Lt (80e % Nat Ry Mex 1st pf.. 40% Nat Steel (11). 9 Nat Supply Co. 108 Newberry (JJ)pf(7) 181 N ¥ Airbrake...... 12% N Y Central R R... 6 N Y Chicago & St L, 9% NYChi&StLopt.. % N Y Investors (k).. ‘s N Y N H & Hartforé NY NY N Ontario & West N Y Shipbldg pf (7) 30s 69 N Y Steam pf (6).. x 108 30% Noranda Mines (2). 53 2 North Am Aviation. 9 North AmCo (1)... 353 North Am Co pf (3) 57 Nogth Am Ed pf (6) 21% 13% Northern Pacific.. . e 14 9% Ohlo 01l (albe)..... 4% 1 Oliver Farm Equip. 26% 133% Oliver FEprpf A.. 5% 3% Omnibus Corp. . 75 4% Oppenheim Coilins. 20% 114 Otis Elevator (60c) Tl 4% Ous Steel 104 80 Owens-1ll G! 2 6 N H & Hart pf. o &1 49% E (4). 23% 134 PacificG&E (1%). 33% 19 Pacific Ltg (2.40)... 21 12% Pacific Mills lll'n Pacific T & T pf (§) 3'3 Packard Motor..... 21 Par-Public ctfs (k) Peerless Mator 574 Penney (J C)(2). 105 Penney (J C)pf(6). 18 Penn Dixie C pf(A) 17% Penn RR (1).. . 17% Peoples Gas Chi. 12% Pheips Dodge a2bc. 23 Phila Co 6% pf (3). 3% Phila Rap Tr pf (k) 13 Phila & Read C& 1 354 Philip Morris (1) 13%, Phillips Petrol (1).. . Plerce Oil % Pierce Petroleum 26! Pitts Coal pf. . . 515 Pitts Screw & Bolt. 22'a Pitts Steel pf.. 613 Plymouth OIl. . 6 Postal Tel & Ca pf. % Pressed Steel C (k) 613 Pressed Sti C pf (k) 42% Proc & Gamb (13%). 20% Pub Sve N J (2.40). 623 Pub Sve N J pf (6). 73 PubSve NJ pf (6). 85% Pub Sve NJ pf (7). 34 Pullman Ine (3)... 57 Pure Oil. 49% Pure Oil pf. 8% Purity Bakerfes (1) Ti% 13% & 6215 51l 2% 4 Radio Corporation. 50 RadioCorppt A 3% 3b% Radlo Corppf B... 1% Radio-Keith-Or (k) 21 16! Raybestos-Man (1) 613 31 Real Silk Hoslery.. 2% 1 Reis (Robert)... 11% 7 Remington-Rand 4% 2% Reo Motor Car. 1522 9 Republic Steel. 49%; 28% Republic Steel pf 2415 1715 Reynolds Metais(1) 102 101 ReynldsMet pf 5l .. 61 554 Reynolds Tob (3).. 52 43 Reynolds Tob B (3) 10% 5% Ritter Dental 108 ay Strspf (6) 110s 1 110 Safeway Strspf (1) 20s1 10% St Jomepb Ld (40c). 30 % St L-San Fran (k).. 3 1 StL-SanFrpf (k). L 12 StLSouthw'npf... 10s 6 Savage Arms.. 22 Schenley Distiliers. 1% Schulte Retail Strs. 6 55 Scott Paper (1.80). x 30s % Seaboard A L pf(k) 1 20% Seab'd O Del (t60e) 31 Sears Roeb'k(a%sc) 1% Second Nat Invest. . 73 Servel Inc. 9 Sharon Steel Hoop.. T4 Shattuck (F G) 2be. 514 Shell Union Ofl.... 1 10 11 48 Net. | Prev, ].flfi 13% Simms 28% 208 19% 16% 20% 5% 7 36% 105 FOEE FEFEFS 7% Sperry 1n a. ¥ t+11+ R EREES (o iy FELET 1+ FEE FE ¥ OFEER ¥ 44 615 Skelly Ofl...... Oil pf ww. .o 43% Splegel-May: 13% Stand Brands (1)... 24 Stand Com Tobacco 1'% Stand Gas & Elec. .. 1% Stand G & E $4 pf.. 4% StandG& E 36 pf.. 6 Stand G&E$7pf.. 274 Stand Oil of Cal (1) 23 Stand Ofl of Ind (1) 2615 Stand Oil of Kan (2. 35% Stand Oil N J (f1). 1214 Starrett (L 8) a2be. 58% Sterling Prod (3.80) 6% Stewart-Warner. .. 215 Stone & Webstér. 24 Studebaker Corp. 60% Sun Oil (11).. 115% Sun Ol pf (6) Superheater (50¢c).. 1% Symington (A) (k). Stock and Low. Dividend Rate.. 63'% Shell Union Otl pf.. 8% Silver King C (40¢) x 6 SimmonsCo..... Ma oo. Petrol (1 .ot heffleld pf... 15% Snider Packing.... 11 Socony-Vae (60¢)... 111‘; 10734 Sol Am Inv pf(5%). 20 Sou Porto R Sug (2) 10% South Cal Ed (1%). 12% Southern Pacific. 7% Southern Railway.. 10 Southern Rwy pf. + Corp uzsc) . 23 ern. +4 ++l 0 ++ 01 +4+ 3% Tex Pac Coal & Oil. 815 Tex Pac Land Trust 13% Thatcher M (a50c).x 5% The Fair... 16 Third Nat Inv as0c. 13% Thompson Products 1% Thompson Starrett. 7% Tide Wat Asso Otl.. 29 2 4 84 Tide Wat A O pf(6 4% Timken-Detroit 28% Timken R B (11). T% Trans & West'n A 73 Transamerica(25¢) 5% Transue & Williama 1% Tri-Contl Corp..... 69 Tri-Contl Cpf (6)..x '3 36 Trico Prod (2%)... 4% Truax-Tra Coal.. 3% Truscon Steel. K W e W 4r|ll|0| 53% Und-Ell-Fisher (2). 29 Union Bag&Pap (2) Un Carbé&c 1. 14% Un Oll of Cal (1) »2%3 Un Pacific (§, 79% Un Pacific pf (4). 20% Un Tank Car (1.20). 4!3 United 30 13% 115 Tia 92% 14% 103% 5% 9 58% T 46% 85 145, 66 22 21 7 3 9% United 53 95 T 653 46 United . 63% 51 2% 1 34 - FEFSFFE FEISES 100 3 1% 31 26k 120 114 1% 5 2% 144 +000 1+ S 8y H 44100001+ - 72 2 34 12 Vadsco Sales Corp. 19% Vadsco Sales pf. 11l Van Raalte... Vick Chem (12). 2'a Va-Car Chemical. .. 17! Va-Car Chem 6% pf 2)s Va El & Pw pt (8).. 9% United Afrcraft. Alr L vie 'a 20% United Bisc (110).4 1175113 United Bise pf (7). 60, 46 United Carbon 2.40. x 1) United Corp.... 20% United Corp pt (1). 8% United Drug.. . 42 United Dyewood 33 United Elec Coal 71% United Fruit (3) Gas tmp (1) 8715 Unit Gas Imp pf(s). 1% United Pce D W 413 US & For'n Secur 40’5 U S Gypsum (1) 35% U S Ind Alcohol (2) x 3 US Leather....... 7% U S Leather (A)... U S Leather pr pf... 14% U S Pipe & F (50c) . 19% U S P&F 1st pf 1.20 U S Realty & Imp.. 9'a U S Rubber. .. 2413 U S Rubber 15t p USSmelt&R (ad). 27% U S Steel..... 73% U S Steel of (2). | 140% 119'a U S Tobacco (15).. | 313 United Stores (A). . Stores pt... Univ Leaf Tob (2)., Util Pwr & Lt (A) 1 1 1 3 1 3 . 2004 Wabash pt (A)(k). 1 Walgreen Co (1.20) 5 Walgreen pf (6%). 200- 114\, Walworth Co. Ward Baking ( l Warner Bros Pie. .. Warner Bros Pic pf 220« Warner-Quinlan Warren Bros. .. Warren FAy&P (2). Webster Eisenlohr. 30\,, Waesson O&S(150¢) x Wesson Q& Spr4.. 1 West Pa Elec (1) A 22 4 1 4 2 308 36 West Pa Klec pf (6) 1508 39% West Pa Elec pf (1) 1208 ! usv. 1043 West Pa Fw pt (1), 5ls Western Maryland. Ya ols 5 2%, Western Pacific pf. 20% Western Union.... 18 Waestingh'se A B 50¢ 32% Westingh'se Klec.. 10 Weston Elec inst. . 16% Westvaco Chi (4Uc) 14% Wheeling Steel. White MoLor. ..... 13} White R'k M S 1.40, 1 Wilcox Oil & Gas.. 3% Wiison & Coalzize Wilson & Co pt (§). Woolworth (2.40).. 58 51 253 Worth 20 Worth 10% 12% 184 " 1% 21 8 4% 2% Yellow 2l 13 215 4 0 31 11:00 AM, 40% % 9% 10% s 10 year t 10% eorzanized +1181441 |44+ Pump pf A.. Pump pt B.. 35l Wright Aero....... 73% Wrigley W Jr (13). Froek. ... 27% 13 YoungSp& W (11). Youngstown S&T.. — 1% Zenith Radto. 2% Zonite Products. Approximate Sales of Stocks on the N. Y. Stock um" » 220,000 12:0v Noom.. 1:00 P.M...... . 510,000 Total sales for the day. 860.000 ml’mvldeln% raies 32 siven in tne abor ‘ments based on the latest Quarterly or \BEhs based on the latest QuATLerly or hai-yearly Geclaralions i Accumuiated dividends k Companies xEx dividend. « 330,000 2:00 P.M.... «. 610,000 taole are the annuai cash than 100 sh T Anpual rate pius APaid this year. b Paid reported in receivershin or being POSTAL T0 WEIGH REORGANIZATION Substantial Deficits Cited With Need to Reduce Company Charges. By the Assoclated Press. NEW YORK, June 13.—It was re- that directors of the Postal Telegraph & Cable Corp. will consider the possi- bility of reorganizing the company at a meeting scheduled fér tomorrow. ‘The company has been showing sub- stantial deficits for some time, which International was somewhat less than the loss of $1.866,978 in 1933. The meeting of Postal directors was originally scheduled for today, but has been postponed until tomorrow, and circles close to the company anticipate that some plan may be announced after the meeting. —_— BONDS TO BE REDEEMED BY CONSOLIDATED OIL By the Associated Press. dated Oil Corp. has called for ment and redemption August 12 all of its first lien collateral 7 per cent bonds due March 15, 1937, and all of its first lien collateral 62 per cent bonds due June 1, 1938. Total prin- cipal amount of both issues now out- standing is $48,781,700. Bonds of both series ar: redeemable at 101. SRS BALTIMORE STOCKS Special Dispatch to The Star. BALTIMORE. June 13— r Ca 15 Pa & Pow T 7800 D Pl el & Guar 10". BONDS. $5000W B & A Ssctf B NEW YORK. June 13.—Consoli- uar; | 5 Bl ntos 2. rm.m gferines imeiodod Bitos o rbon and 5s at 7.85-7.65 Rio futures closed | COMMODITY PRICES Press wholesale price index of 20 basic Sommodities today declined to 69.8% Te previous day B10%: » month ko, age. 6311 of recent years: 1935. Miscellaneous Markets, Additional N York piled by the Associated Preser SUGAR~ P ¥, ib. ures closed dull, 1. standard, 194 con- September, 12 'UDE 3.7 lower; fracts. Jul m| DT smoked RAW HIDE—FPutures | elaud elsy H 17 September. _ 10.2: December. March 10.845. Sales. 1 900.000 R}n No_ 7. 6%- Cost and September. 5.05: De- 5.20. Santos (uluru °fi’., July, 7.501 Mn. A AR R L ures _ closed barel: - sgiex“Gs0 baies. m :..-xm Tauokitions (0 Say . 20~22l 1.4 5(." c.'l:f:an do“nfi.] SPE «mzu Txtra §1°per- cont Sermane n—Nominal. ———— MONTREAL SILVER. ONTREAL. June 13 (P —8il steads. 5 higher to 55 Tower, " Baen closed 25 contra Hish 72.90 1 .80 extra crack l:lv June .. ¥ ber 7415 il x| :'z?l‘mu et hy 74.80 rmmmrm PRODUCE. 13 ll"llflb A8 to sise P —Live lfi. llu X |up about 2 each % | tionally to a 1 | preferred lost 2 points. 4 | ports that tomorrow’s meeting of the % | zation plan "ln get ahead. as imported bar silver NEW YORK. June 13.—The Associated | STOCK LIST STEADY 70 FRM AT CLOSE | Further Realizing Absorbed. Many Issues Remain Un- changed for Day. What Steeks Did. Declin, . Unchanged Total issues ........... BY VICTOR EUBANK, Associated Press Financial Writer. | NEW YORK, June 13.—The stock | market dug its heels in today and, after absorbing further profit taking, closed with a steady to firm tone. Al- though many issues were virtually un- changed, there was a continued de- mand for various specialties. The trading volume was relatively light, transfers approximated 820,000 shares. Tkere was little news to stunulate the bullish forces, but brokers failed to find much stock for sale except at higher prices. The investment [actor was still seen as the principal sup- port of the list Shares of Eastman Kodak. Inter- national Harvester, American Can and American Crystal Sugar preferred got Others up frac- point or so, included | Consolidated Gas, Public Service of New Jersey, Briggs Manufacturing, Case, United Aircraft, Continental Can, Woolworth. Chrysler, American Telephone, Santa Fe and New York | Central On the other hand, Postal Telegraph reflecting re- directors might consider a recapitali- The metals were unable at New York was reduced !4 of a cent | an ounce to 72% cents. United States | Steel. General Motors, Monsantn Chemical, Loew's and a number of — 1, Others showed recessions. Washington Exdiange SALES. Washington Gas 6s 104, $1,000 at 104 Washington Railway & Electric pfd.— 10 at 105, 10 at 105%,. AFTER CALL. Washington Gas 5s. 1960—$500 11775 B"—$1.000 at at Washington Railway and Electric 45— $1,000 at 105, 1,000 at 105, $1.000 at 105, $1.000 at 105, $1,000 at 105, $1.000 at 105, $500 at 105, $500 at 105. Bid and Asked Prices. BONDS. PUBLIC UTILITY Amer, Tel & Tel 4% Tel. el s B Wash. Ry, & Elec 48 MISCELLANEQOUS BONDE. Barber & Ross. Inc.. 6'zs.. §20 | Chevy Chase Ciub 5iss Col._Country Club C_“Paper Mfg. 6s. W. M. Cold Storage 5% STOCKS. PUBLIC UTILIT Amer. Tel. & Tel. (™ ... Gepital Transit Co ‘l' B 28 Capital Liberty Lircoln_(5). 0. | Rigas 1. "1l | Riggs pfd (3) Washington (8) | TRUST COMPANY Amer. Sec. & Tr. Co. (K),.. 198 Natl Sav. & Tr 100 Wash. Losn & Tr 125 SAVINGS BANK Com. & Savings (6) 1 FIRE INSURANCE n ) American Corcoran Firemen's 11601 National Union /60 TITLE INSURANCE Columbia (.30).. ... . Real Estate (6) 100 MISCELLANEOUS Carpel Corp. (1.60) 20 C._Paper Mifs. pfd Em. Bromo-Selz. “A” i1 80} Lanston Monotype (4).. Mergenthaler Linotvpe Peoples Drug €. Real Est. M. & G. Security Storage Ter Ref & Wh Corp. (3} Wdwd & Loth com i1.20) Wdwd. 4 Lothrop pfd 1By, fividend l‘t 80 CHICAGO STOCK MARKET CHICAGO. June 13 (7 —Following is the complete official list of tramsactions in"stocks on the Chicago Stock Exchanse today High. Low Cloce 200 Butler Bros 700 Cen 1l Pub Sv of 50 Cen Ind Pow of 650 Crane Co 100 Dayton Rubber 0 El Household 50 FitzSimmons-Con.. 10 Gardner Denver 100 Gen Candy A 150 Gen Household 200 Iron Fireman 500 Katz Drug 3 70 Ky Ut Jr cum pf 2 150 Keystone St 200 Lib-McN & L ., 100 Lincoln Pr . Lynch Corp 100 Mareh Feia 50 McGraw Elec ... 100 McQuay Norris 300 Merch & Mfrs A 190 Midl, UL 8% 1. E as, P 8RR BN BT Jgwls 21838 brolins o SR S S Nt i3 1 AR R L B DA e s "~ F P AR BTt £k 4P i - RY. 4 months ended April 30, Defci , was , va. defictt, $881,713, . %