Evening Star Newspaper, June 14, 1935, Page 18

FINANCIAL |.BAWANTSCODE TR AN RULES RETAINED Booker Reveals Attempts to Keep Provisions After June 16. BY EDWARD C. STONE. Y. E. Booker, chairman of the Boutheastern Regional Code Commit- tee of the Investment Bankers' Asso- ciation, announced today that special efforts are now being made to keep the provisions of the investment code effective after June 16, when the code becomes unenforceable on account of the recent Supreme Court N. R. A. decision, Rollin A. Wilbur, managing direc- tor of the National Code Committee, has sent a letter to all registered in- vestment bankers asking if they wish to continue the provisions of the orig- inal code under a voluntary agree- ment. His letter says in conclusion: “The Code Committee believes it is important to the interests of the in- vestment banking business and the public that there should be no lessen- ing of the observance of the high principles set forth in the code for the protection of investors and pro- viding standards of business integrity, and that the Code Committee should attempt to find some sound legal basis upon which it can propose to rein- state registration whereby investment bankers may co-operate with the Gov- ernment in determing and regulating their practices and ethics. “To this end, it is not only desir- able, but necessary, that the present code organization, reduced, of course, in personnel, be continued in order to carTy on its negotiations in Washing- ton, to continue the contacts of regional committees and to determine whether or not it is possible to work out for submission to registered in- vestment bankers a plan for a vol- untary code or guild, regulated and administered by the investment bank- ers themselves under supervision of the Securities and Exchange Commis- sion.” ‘That there is a very genernl feel- ing in favor of the investment code is shown by the fact that more than 200 telegrams and letters were receiv- ed at headquarters here, after the de- cision against the N. R. A, urging that the fair practice provisions be perpetuated in one form or another. Bond Experts Visit Baltimore. James H. Lemon, president of the Bond Club of Washington, announc- ed today that the local club is send- ing its golf team to the inter-city golf team match to be held by the Bond Club of Baltimore this afternoon at its annual field day at Pive Farms. The local Bond Club will be repre- sented by George Ferris, Corcoran Thom. jr.;» Haywood Newbold. Jesper Dubose, Richard Dunn and Thomas C. Montgomery, secretary-treasu:er, in the three-cornered match between the Bond Clubs of Philadelphia, Balimore and Washington. Carl R. Kurtz, vice president; James P. Nolan, former president; Y. E. Booker, Myles H. Quail and James M. Johrston of the Bond Club of Wash- ington will also be present at the outing. Big Bank Offers Small Loans. One way of setting idle hanking funds to work, says the Bunkers' Magszine, is by extending loans to those not generally locked on by the er banks us aesirable borrowers. PFollowing this policy the Manufact: ers’ Trust Co. of New York has an- nounced that it will inaugurate a personal loan service consisting of ex- tending loans, cniefly on the pasis of character, in amcunts ranging from $60 ‘to $2,000. Such loans will be made at the rate of 6 per cent, repay- ments to be required in monbiy in- stallments over the period of a year, and these payments wili be Jcposited in s thrift account where interest will be paid at the prevailing rate of the bank on thrift accounts, this in- terest to be credited to the borrower. “There are several influences tending to ceuse bankers to look with more suspicious eye on the small pcrsonal loan than they have done in tne past. With the Government doing so large share of the large-scale lending. the banks must, to scme extent, se2x else- where a fresh sutlet for loans if they are to continue tc operate at s profit. The banks, having large excess re- serves, cannot forever remain indif- ferent to the comparstive lack of de- mand for loans. “If the larger banks can safely and profitably extend loans to more nu- mercus classes in' the community, benefit may accrue to borrowe’s and the popularity of thi= class of institu- tions correspondingly increase,” the magazine adds. Exchange to Drop D. C. Office. New York Stock Exchange officials announced today that Washington headquarters, at 2416 Tracy place, will probably be abandoned after July 1, when the present lease expires. Dur- ing the past year exchange officials have made s0 many visits to the Cap- ital that they rented the house on ‘Tracy place, where many conferences were held and close touch kept with Becurity & Exchange Commission leaders. Charles R. Gay, newly elected pres- ident of the exchange, was in Wash- ington today for a meeting with the Becurity & Exchange commissioners. Mr. Gay's visit was for the purpose of becoming personally acquainted with the members of that body. It was stated that President Gay High. 55 331 1% 8y 8% 139 204 1% 7 6% 27% ul and Low. Rate.. 52 Acme Stee! 08’ 4% Advance Rumley... 6% Affij.ated Prod (60c 104% Air Reduction (13). 15% Alaska Jun (160¢). % Alleg Corp (k) 2% Alleg pf w$30w| 2 Alleg pf wuflw(k). 21 Allegheny Stl (1) 154% 125 Allied Chem (6) 125 26% Amal Leath pf (12). 481 Amerada Corp (2).. 41% Am Ag Cem Del(2) x 13% Am Bank Note..... 43 Am Bank N pf (3).. 21 Am Br Shoe (1).... 119 Am Brake Sh Df('l). 138 110 Am Can (14).. 168 151% Am Can pf (7) 117 18% 94% 43 7014 24% 130y 874 R91y 10 AmCar& Foundry. 256% Am Car & Found pf. 66 Am Chicle (13).... 22% Am Comel Alcohol. 615 Am Crystal Sugar. . 57% Am Crystal S pf a3. 2 Am & Foreign Pwr. 12 Am & For Pw pf (6) 14 Am & For Pwpt (1) 3% Am & For Pw 2d pf 8% Am Hawatian 8S(1) 29% Am Home Pr (2.40) 4} Am International. .. 9 Am Locomotive. ... 32 Am Locomotive pf. 18% Am Mch & Fy (80¢) 4% Am Mach & Metals. 13% Am Metals. . - 72 Am Metals p! 24 Am News (1% 1% Am Power & Lig] 8% Am P&L $5 pf (1%) 10% Am P&L 86 f (1%) 10% Am Radiator. . 15% Am Rolling Mi 4'3 Am Seating. .. 20 Am Shipbldg (2).. 31% Am Smelt & Ref .., 103 Am S&R 6%pf'17% 144 121 Am S&M 1% pf (7). lfi&Am Steel Foundry. 88 Am St1 Fary pf (2). 331% Am Stores (12). 551 Am Sugar (2). 183 Am Sum Tob (1) 98% Am Tel & Tel (9). 72t% Am Tobacco (5)...y 74% Am Tobaceo B (5) .. .- 140% 129% Am Tobacco pf (6). 19% 14% 315 51 614 534 184 25 17% 42% 121 106% 6l 0% 6% 514 5% 6% 15 17% 109 1% 49% 24% 100 9 Am Type Fdrs pf(k Tl Am Wat Wks (30e) 48 Am Wat W 1st (6). x 35% Am Woolen pt..... 214 Am Writ Pap pf (k) 3 Am Zinc & Lead... 8 Anaconda Copper... 16% Anaconéda Wire.... 1213 Anchor Cap (60¢) ... 36 Archer Dan M (t1), 118% Archer-Dan pf (1).. 97 Armour Del pf (7). 3% Armour of I1linoiJ. 55% Armour 11 pr of (8 4 Arnold Constab) 3%, Artloom Corp. T4 7 sso Dry Good 35% Atch To&SF ( . 66% Atch To&S F pf (5) 19% Atlantic Coast Line 21% Atlantic Ref (1).. , 32% Atlas Powder (2)... 4 Atlas Tack.. 15 Auburn Auto R Aviation Coro 1'3 Baldwin Loco (k).. T4 Baltimore & Ohio. . 9% Baltimore & Ohio pf 364 Bang & Aroos (2%) 5% Barnsdall Corp.... 3714 Bayuk Cigar (t50¢) 15% Beatrice Cre (a50c) 11% Belding-Hem (a50¢) 117% Bendix Aviation. 15% Beneficial Loan l% 34 Best&Co (2). 21% Bethlehem Fte 55% Bethlehem St p: 14% Bigelow-San Corp. 9% Blaw-Knox.. 28% Blumenthal pf. 61a Boeing Airplan 49% Bohn Alum&Br (3). 90 Bon Ami (A)(14).. 21 Borden Co (1.60)... 28Y% Borg Warner (13%). 814 Bridgep't Brass 40e 24% Briggs Mfg (2).... 23% Briggs & Strat (3). 30% Bristol-Myers (12). 361 Bklyn-Man r (3).. 90 Bklyn-Man T pt (6) 4% Bucyrus Erle. . 814 Bucyrus Erie ev pf. 62% Bucyruc Erie ot (2) 3% Budd (EG) Mfg... o - PR RRanennSe I 16 1 408 19 1 21 1 1 107 X 5 4 29 2 3 1 4 146 7 4 9 3 1 7 18 (] 5 4 100% Bamberger pf (634) 170s 408 99 26 20 233 32 2 5 2 3 5 20! 23 Budd (EG) Mfg Df 4601 215 Budd Wheel. 8% Bullard Co. . 3% Bulova Watch. % Burns Bros (B) 3 BurnsBro: pf..... 13Y Burr Add M (60c).. 14 Butte Cupper & Zine % Butterick (k) 11% Byers (A M). 32 Byers (A M)pf.... 33% California Pkg (1% 15 Callahan ZinC....ee 214 Calumet & Hecla. ... Tt% Campbell-Wy (a20e) 8% Can Dry G A (40¢). 9% Canadian Pacifi 4% Capital Admin 45% Case (J 1) Co.. 831 Case (J 1) pf (4). 3615 Catrpillar Tr (12).« 19% 1% 1% 11% 22% Cent Aguire (1% 34 Central RRof N 38% Cerro de Pasco (2). 3% tain-Teed Prod.. 23 Certain-teed P f.. 374 Ches & Ohio (2.30). 36 Chesapeake Corp(3) % Chi Gt Westn (k).. 1% Chi Gt Westn pf(k) 15% Chi Mail Order (1) % Chi MilSt P& P... 3 Chi Mi) St P& P pf. 2% Chi & Northwest... 4% Chi & Northwest nf 4% Chi Pneumatic Tool 20 Chi Pneu Tool pf.. 1 CHHRI&P(K)...s 1% Chi R 1&P 6% pf(k) 31 Childs Co 31 Chrysler Corp (11). 20 City ice & Fuel (2). 87 City lce& F pf 6%. 1 126 1121 Cluett Peb pf (7)- .- 222 1617% Coca-Cola 8)..... 208 5 4 80 9 5 2 2 1 505 9 00s 10- 'lfll.h-‘ te-The Star. 00. High. Low. 13% 185 ) 224 43% 114 140 139y 16 15% 94 94 3T% 37 62% 20% 127 120 120 103y% 43 6312 634 5. b 6% 61 8 8% 44 844 23% 126 Dividend . om-.cu-. 114 110 Abr & Strauss vfl’) “l l}m lg% 112% +1 12) 1.4% + % 16% — % 127 41 14 48% + Y% 108 +2 4% +1% (*) New 1935 high. Prev. 1935 Steck and High. Low. _ Dividend Rate.. 14 Crucible Steel. 47% Crucible Steel pf... 5% Cuban-Am Sugar 40 Cudahy Pkg (2%).. % 15 Curtis Publishing.. 8914 Curtis Pub of (7)..a 2 Curtiss Wyight.... 61% Curtiss Wright (A) 73 Cushmans pf (T)... 16 Cutler Hammer ... 22% Deere & Co 19 Deere&Co pf (Zlflt) 4 +% 19% + % 25% +1% 8% + % 0. FH 3% + U Th =% 22 22% - % R 0% + % 6% Dominion Strs(1.. 17% Douglas Aireraft. . 1314 Dresser M A (b1%) 74 R6% Du Pont de N (2.60 126% Du Pont 113 104 Duqu —_— 149% 110% Fastman Kod (5) 20% 16% Eaton Mfg (1). 19% Blectric Auto Lit 3% Electric Boat 6 Elec & Mus .nd..... 1% Elec Pwr & Light. .. 2% Elec Pwr&Lt 36 pf. 3 Elec Pwr&Lt $7 of., 39 Elec Stor Bat (2%). 52% Endicott-John (3)., 14 Eng Pub Svc $5 pf. 141 Eng P 8 $5.50 pf ww 1515 Eng Pub Sve $6 pf.. 5 Equit Office Bldg... % ErfeRR.. 844 Erie R R 18t pf 6% Erie R R 2d pt. 10} Eureka Vac Ciidoe) 15 Evans Prod (a75c). 2 Exchange Buffet... 2% + % 3 - 4% 184, =214 20 3% o 4 Fairbanks Co pr. 17 Fairbanks-Morse 5% Fed Lt & Trac. .. 1614 Fed'd D Strs(t60¢). 281 Fid Ph F In (11.20). 134 Firestone (40¢) 841, Firestone pf A (6 45% First Nat Strs(2%) 2% Follansbee Bros (k) 20% Food Mach (1). 97 Foster-Wheeler. 60% Foster-Wheeler pf. 2% Foundation C 184 Fourth Nat In 8% Fox Film (A) 17% Freeport-Texi 15 Fuller Co pr p 4% Fuller Co 24 p: +44+4+ 41400 FEE FFES FPEEEV ¥F2 | ) 7 Gabriel Co (A).. 513 Gen Am Investor 84% Gen Am In pf ww 6. 32% Gen Am Trans(1%) 5% Gen Bronze 19 Gen Cable pi 50 Gen Cigar ). 143 127% 26% 2013 Gen Electric (60¢c). 36% 32% Gen Foods (1.80)... % % GenGas&El (A).. 70 59% Mills (3).. 341 26% Motors (1) - 11745 10735 Gen Motors of (5).. 13}3 10 Gen Outdoor Adv A. 30 17% Gen Print Ink 1.60. 931 Gen Print Ink pf (6) 1% Gen Public Service. 15% Gen Ry Signal (1).. % Gen Realty & Utll.. 16% Gen Refrac ctfs.... 14 Gen St] Casting pf. 12 Gillett Saf Ras (1). 70% Gillett Stf R of (5). 18 Gimbel Bros pf 23% Glidden Co (11) - FEEFE = FESEEFEEL FIFEFEIE ¥ 14% Gold Dust (1.20). 73 Goodrich (B F).. 40 Goodrich (B F) pf.. 15% Goodyear T & R 70 Goodyear 37 pt 115 Graham-Paig, 5% Granby Consol. 14% Grand Union pf 1% 1814 Granite City Stl (1) 26 Grant (WT) (11).. 98 Great Northern pf. 9% Great Nor Ore (50¢) 26% Grt West Sug (2.40) 1 Guantanamo Sugar. 19 Guantanamo Sug pf 4 Gulf Mobile & N. 15 6 Gulf Mobile & N pf. —_— 28 21% Hackensack W (1% 9% 61 Hamilton Watch. 108 101 Hanna (M A)pf(7 20% 16 Harb Walker (1). 9% 5% Hat Corp of Amer., 111 85 Hazel Atlas Gl (6). 23% 11 Hercules Mot (60¢c) 84 171 Hereules Pw (13) 128 122 Hercules P pf (7) s ‘ ++++ 11010+ 144014+ +4+ 440140 6% Holland & Son ( 40% 307% Houd-Hersh A 215 64 nnudnmo—n-r-n 12% 6% Hudson Motor Car.. 3% % Hupp Motors...... — 17% 9% Lllinots Central. ... b57% 40 Ili Cent ise lines(4) 33 23% Indus Rayon (1.68). 90% 60 ngersoll-Rand (2 64la 46% Inland Steel (2)...s 4% 2% lnspiration Copper. 40% Cuban-Am Sug pf.. 240a —_ Bales— Add 0: 3 10 1 2 19 14 Al% 42% T 24% 20% 129% m Il7‘fi 20'/0 0\‘ 1% Fairbanks-Mrs pf.. 200 10215 16 3 3 P R EE ¥ FErESrES L ~ 2 0 2ex’s 126 61 R N 87'- 908 70s 105% 105% 2 2% 2 25% 1 1% 7 17% 408 19% 10 14%, 845 23% 29% 2% 17% 84 3% 17% Tls 1% ¥ IFE F s 8 15% 22% 33 18% 10% 9 30% 1 1% 50 29% 2 5% % 1 13% +2% 3 284 + % 1 % 9% 107 - % 20% + % 8% 8% 108% 1% U% + % 108 40 McAndrews&F (12} 28 McCall Corp (3) % McCrory Strs A 6% McCrory Strs B (k) 36% McIntyre Porcu (2). 90% McKeesport T P (4) 5 Mallison & Co 4 Manati Sugar pf (k) 13% Man Elevm g (k). .. 1 Maracaibo Ol Exp. 4% Marancha Corp. 5% Marine Midld (40¢! 15 Market St Ry 20 lnrlln-Rockwoll(l) 0‘- 341 9% Wa 54 5% “ 25% ‘I% 17 44% -H’fi 16% — % 368 + % 114 110 U lt7’4 N'Il/. -2 Dept Str (1.60) tag pf ww 32%. 1ag xw (32%).. tag 18t DI (6)., Melville Shoe m). 1 Co. 3% 44 43 101 3 4Tw 38, 281 24'» Mesta Mach ll%). x 10 2! Miami Copper. . 2 9% Mid-Cont Pet a1 60% Mid1'd Stl 1st pf(8). 58 Minn HonR (13).., 105 Minn H Reg pf (6 3% Minn Moline Pow. .. 31 Minn Moline Pow pt % M St P& 88 Marie. 10% Mission Corp. 2% Mo Kans & Te: 5% Mo Kans & Tex pf 1% Mo Pacific (k). 114 Mo Pacifie pf (k 10% Mohawk C M. 55 Monsanto C (1 21% Montgomery W 56% Morrel & Co (3.60 % Mother Lods......: 17% Motor Produets (1) 74 Motor Wheel (50c). 7 Mullins Mfg. 36% Mullins Mfg pt. 4% Murray Corp. Nash Motors (1)... h'ChnhS!L‘ t Biscuit (2) Cash Reg A §0c Dairy Prod 1.20 Dept 8 1st pf(k 23% Nat Distillers (2).. 21 NatEn & Stpg (2).. 175% 145 Nat Lead (5)...... 137% 121% Nat Lead pf (B) () 9% 4% Nat Powr & Lt (80¢ % Nat Ry Mex 2d pf. .. 40% Nat Steel (11)..... 9 Nat Supply Co....e 36 Nat Supply Co pf... 8% Nat Tea (60c). 713 Natomas Co (60¢) 4313 Newberry(J J) 1.60 1184 109 Newberry (JJ)pf(7) 8 4% Newport Industries 28% 18 N Y Atrbrake. 124 N Y Central R Y N H & Hartford N H & Hart pf. Ontario & West Shipbuilding. . N Y Shipbldg pf (7) 69 N Y Steam pf (6). 79 N Y Steam 1st (1) 30% Noranda Mines (2 158 Norfolk & W (18) 2 North Am Aviatio 164 9 Nortn Am Co (1). 49% 35'5 North Am Co pf ( 83 57 North Am Ed pf (6) 9k 8615 North'n Central (4) 21% 134 Northern Pacific. . . 2% 1% Norwalk Tire&Rub 4 o5 Y 75 14% 9% Ohio Oil (albe). 4% 1 Oliver Farm Eq 26% 13% Oliver FEprof A.. 20% 113 Otis Elevator (60¢) 122 106 Otis Elev pt ( . T% 4% Otis Steel. . 46 47 104 65 108 12208 223 Otiy Steel pr pf.... 38 Outlet Co (2).. 80 Owens-Ill Gl‘ll“) 23% 134 PaclficG& E (1%). 33% 19 Pacifis Ltg (3.40)... 21 12% Pacific Mills 102 70 Pacific Tel & Tel () 132 111% Pacific T & T pf (6) 9% 7 Pac WnOil (b40c). 5% 31 Packard Motor..... 11% 10% Pan American Pet.. 13% % Panhandle Prod&R. 4% 2% Par-Publie ctfs (k) 11 Park & Tilford. 2% Park Utah. Penick & Ford (3) Penney (J C)(2). Penney (J C)pf(6). Penn Coal & Coke. . Penn Dixie Cement. ]'Ht PennRR (1). 30 PeoplesDS (1), 17% Peoples Gas Chi 914 Pere Marquette. 1613 Pere Marq pr pf 14% Pet Milk (1).. % Petrol Corp. 12% Phelps Dodge aZbe.. 23 PhiiaCo §% pf (3).. 1% Phila & Read C& I 35% Philip Morris (1). . 13% Phiilips Petrol (1) % Plercea Oll.... . % Pierce Petroleum 31 Pillsbury Flour 1.60 5% Pitts Screw & Bolt. 22% Pitts Steel pf. 6% Pitts & W Vi 1 Pittston Co. 6% Plymouth Oil. 6% Poor & Co (B).. 4% Postal Tel & Ca pf.. % Pressed Steel C (k) 613 Pressed Sti C pf (k) 42% Proc & Gamb (13%) 120% 115 Proc & Gam pf (5). 36% 20% PubSve NJ (2.40). 73 PubSve N J pt (6) 11% 50% 120 343, 100 85% Pub Sve N J of (7 34 Pullman Ine (3) 5% Pure 49% Pure Oil 40% 8% 6% 43% “ 43 12% 18% 1223 5 39% 47 101% 22% 32 13% 10.: 3% 4 22% 3415 30 13 254% 151 10% 119% 120 34 9915 lOB\q 6 ll% l!lh 6% 4 Insur Sh et Md 14c.. 8% Interboro R'T (K).s 434 Interiake iron. 149% Int Bus Mach (16 3% Int Carriers L.t.d 20e 22% Int Cement (1 4 Radio Corporation.. 50 Radio Corppt A 3% 35% Radio Corppf B... - 1% Radio-Keith-Or (k) 4% R R SeclllCent.... 16% Raybestos-Man (1) - FIEE FEE +1 EEEFELESEEESE £ RS PF R R Tk I T * & +4++1++1 0 + o ) FFIEEFFE F i L s s ko L I N e Ef PERE" - RERPER 8 ESE SERE r + % 18% + % 122 +5% 5% + 404 +13% 47 101% —13% 22% + % 82 - 13% + 34 101% 133 kL “ 23% 3415 30 13% Ty 154 10% +HI++ A+ 11% 50%5 i 34% 994 1133 113% 113% — % 1 1T = 3 ELPEEE FFEIGF Fxre 42% % 31 Se: 40 Sec Nat Invpf 31y l‘fll 50 SACTIONS ON THE NEW YORK STOCK EXCHANGE STOCK AVERAGES Complled by the Associated Press. 29% Roy’'l D b1.35 3-10c.. tore 3 Safeway Strs pf (72 104 St Joseph L4 (40¢). % St L-San Fran (k). 6 Savage Arm 22 Schen! 1% Schul omufl Stri % Seaboard Air L (k). 20% Seab'd O Del (160¢) Roeb’k(a75c) T% Servel Inc. . 9 Sharon Steel oop.. 3% Sharp & Dobme...s 44’ Sharp & Dpf (3%). 7% Shattuck (F G) 25e. Union Ofl.... Union Ofl pf.. 8% Silver King C (40¢c) 6 SimmonsCo....... 8% 13% Simms Petrol (1).. 61 Skelly Ofl.... 13 Sloss-Sheffield 24 Sloss*Sheflield pf... 15% Snider Packing. ... 11 Socony-Vac (60c).. 20 . Sou Porto R Sug (2) 20% 10% South Cal Ed (1%). 75% 121 198 11 3 12% Southern Pacific. . 7% Southern Railway.. 10 Southern Rwy pf... 59% Spang Chalf pf (12) 220s 334 Sparks-Withington 32 Spencr Kellogg 1.60 7% Sperry Corp (aZic), 43% Spiegel-May-Stern. 13% Stand Brands (1).. 2% Stand Com Tobacco 1'% Stand Gas & Elec... 1% Stand G & E$4 pf.. 6 Stand G &E $7 pf.. 27% Stand Oil of Cal (1) 23 Stand Oil of Ind (1) 35% Stand Oil N J (1). 125 Starrett (L S) a25c. 58% Sterling Prod (3.80) 36 Sterling Secur cv pf 6% Stewart-Warner 213 Stone & Webst 24 Studebaker Cor 60% Sun Oil (11) 115% Sun Oil pf (6 Superheater (5 1% Superior Ofl. . 1% Symington (A) ph uoc) 3% Tex Pac Coal & Ofl. 815 Tex Pac Land Trust 13% Thatcher M (a50c).x 611 The Fair pf (18%). 2% Thermoid Co. . 16 Third Nat Inv a50c. 13% Thompson Products 15 Thempson Starrett. 7% Tide Wat Asso Ofl.. 84 Tide Wat A O pf(6) 4% Timken-Detroit. .., 28% Timken R B (11)... T4 Trans & West'n Air 47 Transameriea (25¢) 5% Transue & Williama 1% Tri-Contl Corp. 69~ Tri-Contl C pf (6). 4% Truax-Tra Coal. 315 Truscon Stesl. 18 TwinCity R T pf. 53% Und-Ell-Fisher (2). 29 Union Bag&Pap (2) 82% Un Pacific (§). 79% Un Pacific pf (4) 9% United Afrcraft. 4% United Air L vte 20% United Bise (1.6 's 46 United Carbon 1% United Corp. 208 United Corp 87 United Drug 4'5 United Dyew 3ls United Elec Coal 71% United Fruit (3) 9% United Gas imp 1% United Pce D W. 10 Unit Piece D W p! 4% US & For'n Secur. 11 USFreight (1). 40% U S Gypsum (1) Pipe & F (50c) . Realty & Imp... Rubber........ S Rubber 1st pf.. 95 USSmelt&R (ad). 27% U S Steel..... 3% U S Steel pf (2). 343 United Stores (A) 46 United Stores pf... 51 Univ Leaf Tob (2). 12 Univ Pipe & Rad pt 1 UtilPwr&Lt(A).. 11% Vanadium Corp. 11% V: 34 Va-Car Chem 7% pt VaEl & Pw pf (§).. Vulcan Detin (a4). Baking pf (2) 2% Warner Bros Plo... % Warner-Quinian. 215 Warren Bros......s 21 Warren Ffl)‘&l’ 2). Webster Eisenlohr. 1 we s Fargo.. a.. 30% Wesson OCSHNC) 72 Wesson Q& Spf 4. 34 West Pa Elec (1) A x 39% West Pa Elec pf (1) 15 1% West'n Dairy pr A.. 52 Western Maryland. 7% Western Md 2d pf. . 2% Western Pacific pf. 20% Western Union.... 18 Waestingh'se A B 50¢ 32% Westingh'se Elec. . 90 Westh'se 1st pf 3% 10 Weston Elec Inst.. 16% Westvaco Chi (40c) 6% White Motor...... 13% White R’k M 8 1.40. 1 Wilcox Oil & Gas. . 3% Wiison & Coali¥%o 58 Wilson & Co pf (6). 51 Woolworth (2.40).. 11% Worthington Pump. 20 Worth Pump pf B.. 3% Wrigley W jr (13). —————— 4% 2% Yellow Truck. 27% 18 YoungSp& W x 21 13 Youngstown S&T.. ————————— 4% 2% Zonite Products.... FINANCIAL, l 102& 1ozu 102\ + 511 51% + 43 3% - % 113+ & 18% + % % 26% 2 6 19 52 x & FF FFEF ¥ & r FFEIFS 59 w FEEFEE FIV 15 2 P4+t 44 444 144+ I+ MANY STOCKS HIT NEW 1935 PEAKS Investment ' Demand Adds Gains of Fractions to About Three Points. WHAT STOCKS DID. Advances. . Declines " Unchanged. ... Total issues BY VICTOR EUBANK, Associated Press Pinancial Writer. NEW YORK, June 14.—Invesiment demand was again the dominant force in today’s stock market and many is- sues were pushed up to new nighs for the year or longer wilh gains of frac- tions to around 3 points. The rails, communications and “blue chip” &spe- cialties were the leacers. The close was firm. Transfers approxmmated 1,300,000 shares Strength of the carriers was one of the most encouraging signs to recov- ery proponents. Sentiment was also aided by announcement that union leacers, at the perscnal request of President Rooseveit, had agreed to recommend postponement of the coal strike which had been called for Mon- day. Other Washington influences such as the quick adoption by the House of the Senate’s N. R, A. “stop-gap” bill amendments apparently were not con- sidered exceptional market motivators Buying of equities was attributed largely to the plethora of idle funds seeking employment. Grains were revived by a brisk rally in wheat. Cotton also improved after early hesitancy., Secondary loans kept the bond department optimistic. Gold % | currencies were a trifle better in for- 608 1 1 13 2 15 3 6 46 2 32 9 34 5 R **+ i 4 Fl4dbr a4+ + +1 44 108 DOI a4 l4$+¢ ++ sseesk w5 #5¥e¥ w2 t+++ 11 814 263 + 1 164 + W 3 3% + W eign exchange dealings. Shares pushed ahead after a dull rtart which accompanied profit tak- ing. While there was some realizing near the finish, Western Union was up about 3 and others major frac- tions to around 2 higher included Santa Fe, Union Pacific, New York Central, Northern Pacific, U. . Smelting, Cerro de Pasco, American Telephone, International Telephone Consolidated Gas, Du Pont, Case, U. S. Steel, Chrysler, Westinghouse, Air Reduction, Allied Chemical, Evans Products and Inland Steel. The 5 and 6 per cent preferred stocks of American Power & Light dropped more than 3 points each fol- lowing omission of dividends by the | company’s directors. SHORT-TERM SECURITIES. (Reported by Chas D. Barney & Co.) Any-.cgnmm Co. 5s Tel. & - o38" " Fenn-Dixie Cement 6s 1941 Penna 6125 1936 o 5s 1ha1 " 0. 5s 1939, . CONSTRUCTION LOANS and LOANS ON IMPROVED RESIDENTIAL PROPERTY in the District of Columbis 5%2% Prompt action B. F. SAUL CO. 925 15th St. Natl. 2100 The Trade Mark Guaranteeing Satisfaction \NOW typing simplified by amazing New | carbon paper! \ 33 23 will invite the members of the Ad- | 573 53% Coca-Cola (A)(3).. 20 30 Int Barvester (606) 165 29% Reading (2)....... 321 Approximate Sales of Stocks on the N. Y. Stock Emchange. visory Committee of 10 non-members, who sit in on exchange Governing Committee meetings and also serve on various standing committees, to con- tinue their work after July 1, when their appointments expire. Ready for Banking School. ‘Washington bankers will go tp New Brunswick, N. J., early next week for the opening of the graduate school of banking at Rutgers University. Among those who have enrolled lor the advanced work are Nelson O'Neil, assistant vice president; R Earle Haycock, auditor, and H. Bisselle, assistant cashier, all of v.ne Capital Transit stock, which has hnnvmunlnmentmmd 18% 15% Colgate-P-P (60c).. 9 Collins & Atkman. . 105% 101 Colgate-P-P pf (6). 16% 69% Collins & Aik pf (7) T 1 Colo Fuel&Iron (k) 10% Colo & South 7 Colo & South . 68 Colo & South 24 pf. 3% Col Gas& Elee..... 35% ColG& Epf A (6). % 34% Colum Picvte (t1) 67 Colum Carbon (4).. 391 Comel Credit (2)... 56% Comel Inv Tr (12). 6T% 115% 111 Comel Inv ev pt($) 17% Comecl Solv (+80c) ... % Comw & Southern. . 29% Comw & Sou pf (3). 5% Conde Nast Pub.... 71 ConCprpf 31 Consol Film. 144 Cons Film pf ) 15% Consol Gas N ¥ (1). 723 Consol Gas of (5). 4% Contl Baking (A)... 208 308 27 46% Contl Baking pt (4) g 15% Contl O Del al3%e. 41% Corn Ex Bk&Tr (3) 62 Prod Ref II). 908 38 4 1% Int Hydro Elec (A). 22% Int Nick Can (60¢c). 4 Int Psper & Pw (C) 4% Int Paper & Pw pf. 1 45 1 3 2% Int Rys C A(A)ctfs 100! 29 IntSalt (1%) 42% Int Shoe (2) 17 int Silver.. 60% Int Stlver pf (4 5% Int Tel & Tel . 6% Intertype (a20c)... 8% Iniersiate Deg: Strs 25 Island Creek C (2). —_— 59 49 JewelTea (3)...... 57% 88% Johns-Manv (a25e). 73 Jones&Laugh 1% DL P ———— 8% 3% Kans City Southern 7% Kaufm'n D S(a4ve) 6 Kelly-ST 6% pf(k). 6 Kelsey-Hayes (A). 3% Kelsey-Hayes (B) 12% Kelvinator (t50c).. 13% Kennecott C (80e). 10 Kim Clark(a.12%). 19% Kresge (S8)¢1). 28% 22% Kroger Gr&Bk 1.60. —_— 19% Laclede Gas pf. 1% Lehigh Valley Coal. 5 Lehigh Valley R R. 67% Lehman C (12.40) 14% Lehn & Fink (1% 21% Lib-O-Ford GI 1.2 24% 21 Life Baver (1.60).. 93% Ligg & Myers B(14) 19% 16% Lily 'rullvouvuul 17% Link Belt (§0c). 24% Liquid cuh (117, 42% 31% Loew's Ine (2 1083 102 Loew’s ino pf-(6%), 1% 1 Left 2" g G TR LT R = 4414+ +4++ ++1 4+ o FPRes ¥ 247 2 2 O 1 35 08 28% 3% 28% + % 9112 110% 112 +1 12 17% 17 17 + % 14 28 27 28 +1% 12 31% 30% 31% + % 50 42w 41 3 107% 107 107% +1% 1% 1% 1k - % 42 + % | Closed steady. 36 Reading 1st p? (2).. 33 Reading 2d pf (2).. 7 Remington-Rand... 2% Reo Motor Car. 9 Republic Steel.. 28% Republic Steel of. 28 Republic Stl pf ct.. 17% Reynolds Metais(1) New York Cotton By the Associated Press. NEW YORK, June 14.—Early price declines were followed by moderate rallies on covering and trade buying in cotton today. Less favorable weather in the West and the steadier tone of stocks and grains attracted part of the buying. October sold up from 11.13 to 11.27, and the general market at the begin- ning of the last hour was holding 'nhhllewpdnnotmhd up_to that time, offabout 5 to 10 points. nmmmm :mln March 21% CHIC, ment of A% A1% 4+ % 36% +1% 8% 3%+ Y% 13% + 14 46% +17% 45% +1% 22% + % 11:00 AM... Dl'lflenfl TALES a5 given In l\x lml tavie IWI of trading e reoreanised. CHICAGO LIVE STOCK. June 14 gricul iture) ,—| 1. 76: lignt ligh 180 pounds. 9.00a9.65; 200 ds. 9.1589.95: U- 8 Davert- nts based on the latest ai s hccumumtes dim dené‘lm k Compantes reported *Bx dividend . 200000 12:00 Noon shares. lru l.hl annual cas| 7 O nail-yearly deciarations shABnual rate o pius Tecoiverae o mn-l lnmu lambs, medium, u‘bu opened NEW YOI! : 66-00 ¢ 30 | Velghts. Sommon and medium, 1 5502 50. FOREIGN MARKETS. By the Associated Press. LONDON —A cbufl tone prevailed in rse overed l‘llf'hl& later wi pand for mining iss X MONEY MARBKET. cent 90 d-yl. oy ul«n‘ i-n commercial l:un nu .uo?u. lum' gow and 6.0087.50; ‘and cho :holu 0 Exchange to- 4 ucunm;mm and steel urse oFbich mmu ot the ““'(':‘fi . 'l'h. market h'lr lndolllnltlnl jues. The clost: Jume 14 un—can 'nm'ka’n: \u A SCALE, actually a part of each sheet of carbon paper, sutomatically warns you whea you are ap- proaching the bottom of the” Page. RESULT $ Neater let- ters and reports. Uniform margins. Car- bon paper more quickly removed by whits scale. You keep your fingers clean, too. Micrometric costs no more than other quality sheets. It's made by tlie manufac turers of MultiKopy Carbom Paper and Star Brand Typewriter Ribbons. WEBSTER’S CARBON PAPERS