Evening Star Newspaper, June 19, 1935, Page 18

~ THE EVENING STAR, WASHINGTON, D. C., WEDNESDAY, JUNE 19, 1935. 3 FINANCIAL. Ry o R D e e Do P ANSACTIONS ON THE NEW YORK STOCK EXCHANG ESTOCS IREHEAVY e AT SESSION'S END Nes. aehd R i I Lo O e Yok Toa i |8 n.,‘i%'ifl‘."%»‘fi‘m‘“s"é’ by Compfled by the Associated Press. Metals and Sugars Lead Decline—Utilities Go 5% Lehigh Val Coal pf. 7% 7%+ %| 12% 5% Ritter Dental...... 5 Lehigh Valley R R« 8 8 — 3| 30% 21% Roan Antelope Ltd.. 2 to Higher Levels. What Stoeks Did. A—18 ##» GLASS T0 ADDRESS | T R VIRGINIA BANKERS| Senator to Speak Saturday Morning at Session in Hot Springs. BY EDWARD C. STONE. Senator Carter Glass is on the program of the Virginia Bankers’ As- sociation which opens a three-day session at the Homestead, Hot Springs, tomorrow. The senior Senator trom the Old Do- minion State will address the bank- ers on Saturday morning, his sub- ject mnot having been announced. He is expected, however, to pay more or less at- tention to the so- called Eccles bill and give free ex- pression to title II which proposes such sweeping changes in the Pederal Reserve System and to which he is so bitterly opposed. Bankers in nearby Virginia expressed great interest to- day in what Senator Glass may have to say on the banking bill or other timely subjects. Robert V. Fleming also will be one of the speakers. He will attend the meeting as first vice president of the American Bankers’ Association. The president of Riggs is due to speak tomorrow on “Trends in Banking and Banking Legislation.” It is doubtful if any banker in the United States, in-~ cluding President Hecht of the A. B. A, is keeping any closer to banking trends than the Washington banker. ‘Three weeks ago he addressed the District Bankers’ Association at Hot Bprings on the same subject. “Brass Tacks” Program, Virginia bankers will devote their program most to trust matters and kank management. Tomorrow's ses- sion will include a trust conference end Friday will be devoted to man- agement problems. They call it a “brass tacks” program. At the trust conference, Henry E. Sargent, secretary of the A. B. A. Trust Division, will speak on “Oppor- tunities for Activity in the Trust Field” and Richard C. Stockton of Winston-Salem, N. C., will present “A Btatement of Principles of Trust In- stitutions.” “How Can a Country Bank Diversify Its Risks” will be explained on Fri- day by G. C. McCall, cashier, First National Bank, Norton, Va. “Interest Rates on Time and Savings Deposits” will be discussed by Thomas H. Blan- ton, president, Union Bank & Trust Co., Bowling Green, Va. Another speaker will be Fred Berger of Norristown, Pa., who is to speak on “Bank Management From the View- point of Public Relations.” At Satur- day’s session Joseph H. Turner, jr., senior clerk, Roanok: Branch, Mor- ris Plan Bank of Virginia, will read & prize-winning ossay on “Customer Relations.” The Virginia bankers conducted a contest similar to .he one carried out by the District Bavkers’ Association for students in the Amer- 1can Institute of Barking. George H. Keesee of the Federal Reserve Bank of Richmond was one of the judges. Passage of resolutions and the an- nual election of officers will conclude the business session Saturday. District Leads Whole U. S. ‘The District of Columbia led every one of the 48 States in the amount of new life insurance written during May, according to information re- ceived by The Star from Hartford, Conn,, this noon, new business in the Capital soaring 30 per cent ahead of the total in the same month a year ago. The amount of new policies written by agents here totaled $5,- 161,000. Business in the whole country aver- aged 15 per cent lower in May this year than last. Business in West Vir- ginia was only 1 per cent lower, and the same in North Carolina. South Carolina reported a drop of 4 per cent, while new insurance in Virginia was 18 per cent below May, 1934, and suf- ll:x‘ed a tumble of 20 per cent in Mary- nd. Analysis of the sales of ordinary insurance show that Maryland's sales totaled $7,906,000, Virginia business Emounted to $5,775,000, West Virginia, $4,231,000; North Carolina, $6,553,000, and South Carolina, $2,830,000. In the first five months of this year busi- ness in the District of Columbia was 31 per cent better than in the like period last year. For the South At- lantic States as a group business was 7 per cent above last year. This com- pares with a national average of only 3 per cent. The nearest approach to the District of Columbia's 30 per cent gain was made by Arizona with an advance of 22 per cent over last year. Nevada ran third with a pick-up of 13 per cent. It will be recalled that in the Tecent national insurance week cam- paign Washington agents made a re- markable showing during the six busi= ness days of the drive. Bank Makes Income Advances. Bankers in this city will be inter- | ested in a novel plan now being car- ried out by the Marquette National Bank, in Minneapolis, which has launched a policy of making unsecured loans on promissory notes, without co- makers or indorsers,'to employed per- sns of the city, without regard to ‘whether or not they are customers of the bank. The new loans are called income advances. The new-type loans are made on the basis of a 5 per cent interest charge, & 2 per cent insurance charge and, if the borrower is not a customer ©f the bank, payment of a $2 charge for investigation of the eligibility of the borrower. The pay-off arrange- ment on the loans calls for 12 month- ly payments through deposit in the savings department of the bank, where accumulated pay-offs draw the regular savings rate of interest until the date of maturity of the loan, which may not be for more than one year. Mergenthaler Sells Lower. Several small lots of Mergenthaler FINANCIAL. Low. Close.Chge. 50% — % 1% - % 2% A% - % 38 + % 111 +1 Express. 11118 (2) .o g'ph albe.: 4% Advance Rumley. .. 8% 6% Affiliated Prod (60c 140 104% Air Reduction (13). 1% % Afr-Way Elec Appl. 20% 15% Alaska Jun (160c). 3% 2 Albany Wrap Paper 1% % Alleg Corp (d) T 2% Alleg pf w33ow (). 6% 2 Alleg pf w$40w(d).: 6% Alleg pr pf (d).. 30 21 Allegheny Stl (1). 67% Lehman C (12.40).. 79 79 —%| 43% 29% Roy'l Db1.35 3-10c.. 6 14% Lehn & Fink (1%).; 15% 15% 2% 21% Lib-O-Ford G11.20. 30 30% + %| 46 36% Safeway Stores (3). 9 93% Ligg & Myers B(14) 111 = 3| 111% 104% Safeway Strs pf (6) 120s 16% Lily Tulip Cup(13%) 18 114 110 Safeway Strs pf (7) 300s uua 1143% +3% 13% Lima Locomotive 19% =1 10% St Joseph Ld (40c). 25 18 -1% 17% Link Belt (60c) . 2% - % % St L-San Fran (d),, 2 "A L) 10 StLSouthw'n..... 150s 13% 13% + % 12 St L Southw'n pf... 20 19% —1% 22 Zchenley Distillers. 27% 26% — % 55 Scott Paper (1.30) .. 684 + % % Seaboard Air L (d). ] 20% Seab’d O Del (t60¢) 81 Sears Roeb’k(a6c). 12 T% Servel Inc......... 222 9 Sharon Steel Hoop., 2 3% Sharp & Dohme. 2 7% Shattuck (F G) 26¢ x 5% Shell Union Ofl.... 63% Shell Union Ofl pf.. 8% Silver King C (40c) 6 SimmonsCo....... 13% Simms Petrol (1).. 6% Skelly Ol o 15% Snider Packing. ' 11 Socony-Vae (60¢).. 20 Sou Porto R Sug (2) 10% South Cal Ed (1%). 12% Southern Pacific..u 7% Southern Railway.. 10 Southern Rwy pf... 59% Spang Chalf pt ($2) 3% Sparks-Withington. 3% Spear & Co...0u... 21 82 Spencr Kellogg 1.60 7% Sperry vtc (a25¢)..; 814 Spicer Mfg..... .o 83% Spicer MIg pf (3).. 43% Spiegel-May-Stern. 13% Stand Brands (1).., 21 Stand Com ‘Tobacco 1% Stand Gas & Elec. .. 1% Stand G & E §4 pf. 4% Stand G&E3$6pf.a 6 Stand G & E §7 pf. 1% 1 Stand InvCorp..... 38% 27% Stand Oil of Cal (1) 116 111 Stand Oil Exp p£(5) 27% 23 Stand Ol of Ind (1) 50% 35% Stand OII N J (11).. 16% 121 Starrett (L S) a25c, 67 58% Sterling Prod (3.80) 1% 1% Sterling Secur (A). 5% 314 Sterling Secur pf..a 10% 6% Stewart-Warner. 6% 2% Stone & Webster., 3 2% Studebaker Cor 75% 60% Sun Oil (11). 20% 11 Superheater ( 3 1% Superior Oil. 9% 5 Superior Steel 9% 5% 23% 36% 25% 30% 30% + % 1% 1% — % 8% 8% — % 3 Th T T% 5 189% 187 187% ~1% % %% 82 30 15 15 60 Indust. Rails. Util Stocks. -6 44 243 %319 249 315 218 283 341 276 185 43.0 Net change . ‘Today’s close onth ago % R+ % Year ago 4% % 1935 10% 30 1935 154% 125 Allied Chem (6)...3 151% 152 -2 1934 127% 1221 Allied Chem pf (M. 126% 126% + % 1934 low .. 31 Allied Stores. o 1 3% 3% 1932 low 49 Allied Stores 49 1929 high . 12 Allis-Chalm fs:: 1927 low 14 Alpha Port Cmt (l) 3 48% Amerada Corp (2). 68 () New 1935 high. 41% Am Ag Cem Del(2). 44% 13% Am Bank Note..... 24% 43 Am Bank Npf (3), % 21 Am Br Shoe (1). 141 110 AmCan (t4).. 20% 10 AmCar& Founflry. 14 25% Am Car & Found pf. 1 22% Am Comcl Alcohol. i g 6% Am Crystal Sugar.. 26 57% Am Crystal S pf a3. x 90s 121% % Am Encaustic (d).. g ! 2 Am & Foreign Pwr, 68 4% 12 Am & For Pw pf (6) 21% 14 Am & For Pw pf (7) 2;% 10% 16 16% 1% 1% - % 10 31 dvances na Ofl pf... 140s 8 17% 10% Louisv G&E(A)1%: 16 18 47% 34 Louisv & Nashv(3). 5 44% 18% 12% Ludlum Steel...... —_— 40 McAndrews&F(12) 28 McCall Corp (2) T% McCrory Stores(d).. 6% McCrory Strs B(d)., 57% McCrory Strs pt (k) 7% McGraw Hill Pub. ., 36% McIntyre Porcu (2)i 90% McKeesport T P (4) 5% McKesson & Rob. .« Total issues BY VICTOR EUBANK, Assoclated Press Pinancial Writer. NEW YORK, June 19.—The stock market divided itself into sharply contrasting groups today, with utili- ities and & few miscellaneous shares pointing upward, while metals and sugars were conspicuous on the off side. Standard industrials and rails held a middle of the road course until the final hour, when they ylelded to pressure. The closing tone was heavy. Sales aggregated 1,600,000 shares. The majority of stocks were ex- tremely sensitive to group movements throughout the day. After churning about in a narrow trading area throughout the forenoon, the entire list was steadied by a brisk rally in utlities : following announcement in Washing- ton that the House.subcommittee had reported a greatly modified holding company bill but sellers began to make greater concessions as the day wore on and something of a full-fledged selling movement broke out just before the close. At one time the ticker fell be- hind 2 minutes. Most all commodi- ties were lower throughout the day and bonds had an irregular appearance. Among shares ending the session ¢ major fractions to more than a point lower, were Bethlehem Steel, Du Pon:, Chrysler, American Tobacco, Allied Chemical, American Can, Air Reduc- tion, Columbian Carbon, Westinghouse, American Telephone, American Smelt- ing, Cerro De Pasco, Anaconda, United States Smelting, Santa Fe, Southern Pacific, American Sugar and American Crystal Sugar. In the utility division, best resistance was shown by those well-integrated companies such as Public Service of New Jersey, North American and American Water Works, most of which ended around a point higher. Some of the ol stocks, including Pure Oil common and preferred, also were higher. COMMONWEALTH EDISON DECLARES $1 DIVIDEND By the Associated Press. CHICAGO, June 19.—Directors of the Commonwealth Edison Co. yester- day authorized a dividend of $1.00 a share on outstanding capital stock, | payable August 1, to all stockholders of record on July 15. Net income of the company for the first five months of 1935, the directors announced, was % |$4,501,184.32, as compared with $3.819,~ 4% United Air L vte. s o 387.56 for the same period of 1934, 46 United Carbon 2.40. s 58l = ——— 114 United Corp....... 20% United Corp pf (3). METAL MARKET. 8% United Drug....... NEW YORK. June 19 (#.—Copper 3% United Elec Coal. .. electrolytic. toaDd futdre.” Blue 9.00; export, stead: D ‘ “future. " 80.40. - Tron 71% United Fruit (3)...x 11 9% United Gas Imp (1) 372 2na ety S118; Totore 6050, £on 10" UnitPiece W pt.. 40n I il et Tooe SRS she 4t O3 Grmmm . 1o PR P e At 57 (7). - 16% 9 North AmCo (1)... csu BRUS lnd Alcohol (2) 9 49% 353 North Am Co pf (3) 8% 3% U S Leather vtc.... 83 57 North Am Ed pf (6) 14% 7% U S Leather(A) vic, 21% 13% Northern Pacific. .. 22 14% USPipe& F (50c). 3215 20 NorwalkT&R pf3% 7 3 US Realty & Imp —_— 26% 201 Gen Electric (60¢)., 14% 9% Ohio Ofl (albe).. 914 U S Rubber.... 37% 32% Gen Foods (1.80)... 1 Oliver Farm Equip 35,"' 3 Slszx:z?:;ll;'(::) 13% Oliver F Eprof A.. 7 A 4% Oppenheim Collins. 274 U S Steel.... . 113 Otis Elevator (60c) o e T R 4% Otis Steel. 2 ~ 51 Univ Leaf Tob (2) . %0 _Owens-1ll : i 1 UtilPwr&Lt(A).. 13% PacificG& E (1%). 19 Pacific Ltg (2.40)... 26 34 12% Pacific Mills.... 3 124 70 Pacific Tel & Tel (6.x 10s 102} 102‘1 7 Pac Wn Oil (b40c) 8 3% Packard Motor. 2% Par Public cod 2% Park Utan % Pathe Exchang 8% Pathe Exchange 8% Patino Mines. 6415 Penick & Ford 76 57% Penney (J C)(2) 110 105 Penney (J C)pf( 4% 23 Penn Coal & Coke. . 51 3 Penn Dixie Cement. 25% 17% Penn RR (1)... 3313 17% Peoples Gas Chi Steck and . Dividend Rate.. 62% Contl Can (2.40)... 7 Contl Dia F (a30c).. 28% Contl Ins (11.20) ... % Contl MOtOrS....esi 15% Contl O Del 8123 0. 62 Corn Prod Ref (3).. 43% Coty INC....ceeseen 36% Cream of Wh (12).. 12% Crosley Rad (a26¢) 23% CrownC&S (1)... 43% Crown C&S pf(2.70) 3% Crown Zelleb'k vtc.. 14 Crucible Steel.....s 1 CubaCo..... 5% Cuban-Am Sugar..: 40% Cuban-Am Sug pf.. 40 Cudahy Pkg (2%).. 15 Curtis Publishing.. 89% Curtis Pub pf (7). a 2 Curtiss Wright.... 6% Curtiss Wright (A): 16 Cutler Hammer Bales— Met. Add 00. High. Low. Close.Chse. 864 10% 36 1% 21% 5% 4% 384 4% 81% 4% 3 34% 12% 21 40% 5% Madison Sq Garden, 18% Magma Copper (2)« 3% Am & For Pw 2d pf 8% Am Hawailan SS(1) 17 AmHide&Lpf.... 29% Am Home Pr (2.40), 3% Am Ice..... 287% Am Ice pf 6) 4% Am International. .. 9 Am Locomotive. 82 Am Locomotive pf., 18% Am Mch & Fy (80c) 4 Manati Sug pf (d) 29 Man Elev gtd (d)... 100s 13% Man El md gtd(d). 6 1 Maracaibo Oil Exp. 6 4% Marancha Corp...s 5% Marine Midld (40c). 3% Market St Ry pr pf. 20 Marlin-Rockwell(2) 6% Marshall Field..... 23% Mathieson Alk(1%) 36% May Dept Str (1.60) 5% Maytag Co..oouvuun 33 Maytag pf ww 3234, 84} Maytag 1st Df (6).. 41 Melville Shoe (12).) 3 MengelCo.uuuunnee 24% Mesta Mach (1%) 2% Miami Copper.. ... 1 9% Mid-Cont Petalfe.. 12 8% Midland Steel Prod. 60% M1dl'd Stl 1st p£(8). 70s 105 Minn H Reg pf (6).x 208 5% 3% Minn Moline Pow... 55% 31 Minn Moline Pow pf 3% 1 MStP&SSMpt., 3% 3% + 16% 10% Mission COrp.....q 12% 12% — 6% 2% Mo Kans & Texas. . 3w 3% — 14% 5% Mo Kans & Tex pf.. 8 8 - 4 1% Mo Pacific pt (d) 2% 2% + 16% 10% Mohawk C M. . 16 16 - 7% 66 MonsantoC (1)...s 5% T5% — 30% 21% Montgomery Ward. 26% 26% — 1% % Mother Lode......3 S 28% 174 Motor Produets (1), 26% 11% 7% Motor Wheel (50¢) . 8% 7 Mullins Mfg...0.0e 10% 9% 4% Murray Corp - 8% 13 21% T4 29% 16% 16% 1% 21% &« g NESweanma-Rna 4% 5% 12% 16 PETT T TICTI IS Y FEFELE 13% Am Metals 1% Am Power 8% Am Pwr & Lt $5 pl. 10% Am Pwr & Lt $6 pf. 1 10% Am Radiator...... 151 1341 Am Radiator pf (1) 24 15% Am Rolling Mills. .. 83% 66 Am Safety Raz (5) 8% 415 Am Seating..... 7 47% 31% Am Smelt & Ref 93 12% Duplan Silk (1) 17 103" AmS&R6% pfildhh. 2 ¥6% Du Pont de N (2. 4% 63 AmSnuff (13)..... 1 s e et : 18% 12 Am Steel Foundry. 21 3% Eastern Roll Mill 4% 4h+ % 331% Am Stores (12). 1 146 I:B ~1% 551 Am Sugar (2). 5 19% 195 — 4 185 Am Sum Tob (1) 5 4 20% 21 =% 98% Am Tel & Tel (9)..v 45 14 111% s + ) 721 Am Tobacco (5)...v 11 90% p - N 74% Am Tobaceo B (5).2 20 Y e 215 Am Type Fdrs (d).s, 1 2% 9 Am Type Fd pf (d).. 20s 1z 714 Am Wat Wks (80c). 193 14% 4% Am Woolen........ A2 35% Am Woolen pf.. 214 Am Writ Pap pf(d)+ 3 Am Zinc & Lead...: 31 Am Zinc & Lead pf. 8 Anaconda Copper... 36 Archer Dan M (11). 3% Armour of Illinof 55% Armour Il pr pf 4 Arnold Constabl 3% Artloom Corp. 714 Asso Dry Goods. 12 80% Asso DG Istpf($6) _ 2 35% Atch To&S F (b2).. 151 66% Atch To&S F pf (5) 1 19% Atlantic Coast Line 29 3 Atl Gulf & W Ind... 10s 21% Atlantic Ref (1).... 22 32% Atlas Powder (2)... 3 15 Auburn Auto...... 12 35% Austin N pf A (5).. 2408 3 Aviation Corp Del.. 18 22% Deere & Co. 19 Deere&Co p! 23% Delaware & Huu-nn 11 Del Lack & W 1% Den &R G W 2612 Diamond Mat (f 344 Dome Mines (12). 6% Dominion Strs(1.20] 17% Douglas Atrcra! +I|l+l 13% 13% 98 110 33 3 I+t % 111% 4% 111 A11% +2 A% 4% - 54 5al — 15 15 102% 102% =1% FEEEER FERP I+ 3% Tl Telautograph (80c) 28% Texas Gulf Sul 14 Texas& Pac RR. 3% Tex Pac Coal & Oil. 813 Tex Pac Land Trust 13% Thatcher M (a50c). 5% Thomp'n(JR) (50¢) 13% Thompson Product. FREEFEET % — 26% —1 8% - % 104 9%~ 13% — 21% — T% = 30 - 15% — 16% — 1% + 21% - 25% 26 + 28% 28% — % 4 138% 138% +2'5 8% 49 16% 691 9% 52% Endicott-John (3).. 1% Engineers Pub Sve. 14 Eng Pub Sve $6 pf.. 14% Eng P S $56.60 pf ww 15% Eng Pub Sve $6 pf.. 65 Equit Office Bld, T% Erfe R R... 8i4 Erie R R 1st p! 6% Erie R R 2d pf. 10% Eureka Vac Cl(80c! 15 Evans Prod (l'lSl:).. 2 Exchang & 11 Nash Motors (1).., 14 Nashv Chat & St L. 4% Nat Aome Co... 22% Nat Biscuit (1 60) .. 13% Nat Cash Keg A §0c 12% Nat Dairy Prod 1.20 1% Nat Dept Stores d).,. 17 Nat DepSi1st pf(d).. 580s 23% Nat Distillers (2)... 55 9% 21 NatEn&Stpg(2).. 7 138 121% Nat Lead pf (B) (6) 10s 9% 4% Nat Powr & Lt (80¢ 136 50% 40% Nat Steel (11) 4 19 9 Nat Supply 76 36 Nat Supply Co pi 11% 8% Nat Tea (60c).. 12% 71 Natomas Co (80c) 1183 109 Newberry(JJ)pf(7) 8 4% Newport Industries 28% 185 N Y Afrbrake...... 21% 12% NYCentral RR... 13 6 NY Chicago& StL % NYCM&S!LDL. Y Investors (d).. Y N H & Hartford Y N H & Hart pf. Y Ontario & West 84 Tide WatAO vflfil 106% 100 Tide Wat Ofl pf (5). 74 4% Timken-Detroit. 89% 28% Timken R B (11). 7 4% Transamerica(25c¢. 7% Trans & West'n Air 1% Tri-Contl Corp. 36 Trico Prod (2%). 6% 4% Truax-Tra Coal 6 3% Truscon Steel 27% 18 TwinCity RTpf... ——— 53% Und-Ell-Fisher (2). 44 UnCarb&C1.60.. 14% Un Oil of Cal (1). 821 Un Pacific (6) 10% 4 424 FEFFIFEFE 9% 4 FairbanksCopf.... 25% 17 Falrbanks-Morse. . 13% 5% Fed Lt & Trac.. 72 40 Fed Min & Smelter.. 95 54 Fed Min & Smelt pf 6% 3% Fed Motor T(alle).x 1% % Fed Water Sve (A). 20% 16% Fed’d D Strs(160c). 35% 28% Fid Ph F In (11.20). 18% 13% Firestone (40¢)....« 841 Firestone pf A (6).. 45% First Nat Strs(2%) 2% FollonsbeeBros(d).. 20% Food Mach (1). . 9% Foster-Wheeler. 60% Foster-Wheeler pf. 19% Fourth Nat Inaé0c. 8% Fox Film (A).. 17% Freeport-Texas ay 4% Fuller Co 2d pf..... 30% Noranda Min 8% 5% Gen Am Investors.. 175 158 Norfo! % 384 $2% Gen Am Trans(1%) it Betalk & W t15) 19% 11% Gen Asphait. e 9% 7% Gen Baking (60¢).. 131 115 Gen Baking pf (8).. 508 2 - 1% Baldwin Loco (d)... T Baltimore & Ohfo.. 146 9% Baltimore & Ohlopt 18 36% Bang & Aroos (2%) 6 321 Barker Brothers pf. 20s 5% Barnsdall Corp.... 21 37% Bayuk Cigar (150¢); 11 15% Beatrice Cre (af0c). 1 72 Beech-Nut P (13).. 11% Belding-Hem (a50¢c) 11% Bendix Aviation.... 15% Beneficial Loan 13. 84 Best&Co(2). 21% Bethlehem Sted 55% Bethlehem Stl pf 14% Bigelow-San Co: 5 e R - A T uiet: FaFEs FEEF 13% 3 23% 18 Bloomingdale (‘Oe) 30s 111% 103% Bloomingdale pt (7) 70s 10 634 Boeing Afrplane... 5 49% Behn Alum&Br (3) 21 90 Bon Ami (A)(14) Borden Co (1.60) 28Y, Borg Warner (1%). 3% Boston & Maine.... 814 Bridgep't Brass 40c 241 Briggs Mfg (2) 23% Briggs & Strat 30% Bristol-Myers (12) 36% Bklyn-Man 7'r (3) % 90 Bklyn-Man T pf 43 Bklyn Union Gas(6) 4 Brunswick-Ball 4% Bucyrus Er! 8% Bucyrus Erie cv pf. 62% Bucyruc Erie pf (2) 200! 3% Budd (EG) Mfg... 23 Budd (EG) Mfg va 110- 214 Budd Wheel... 8% Bullard Co. 3% Bulova Watch. % Burns Bros (B) vic 210: 13% Burr Add M (60c).. b 1% Butte Copper & Zine 3 % Butterick Co (d)..ei : MASSACHUSETTS INVESTORS" TRUST Prospectus Will be Sent on Request A. §. GovLpEN & Co., Inc. Woodward Blds. Natl 2000 7 1T% 70 59% Gen Mills (3).. HSM 116 Gen Mills pf (6) 26% Gen Motors (1) 17% Gen Print Ink 1.60.. 1% Gen Public Service. 15% Gen Ry Signal (1).. % Gen Realty & Util.. 16% Gen Refractorie: 16% Gen Refrac ctfs.... 12 Gillett Saf Ras (1). 70% Gillett Stf R pf (5)s 24 Gimbel Bros. 23% Glidden Co ( 109% 1047% Glidden Co pr pf 4% 1% Gobel (Adolf) (d) 18 14% Gold Dust (1.20). 117% 111% Gold Dust pf (6). 11% 7% Goodrich (BF). 541 40 Goodrich (B F) p! 15% Goodyear T& R.. 70 Goodyear $7 pf (4 21 Gotham Silk Ho: 1% Graham-Paig 5% Granby Con: 23 Grand Union. 14% Grand Union p! . 18% Granite City Stl (1) 26 Grant (WT) (11).. 9% Great Northern pf.. 93 Great Nor Ore (50¢) 26% Grt West Sug (2.40) — % 33% 30 Hack WpfA (1%). 9% 6% Hamilton Watch... 108 101 Hanna (M A)pf(7). 20% 16 Harb Walker (1)... 112 99% Harbison & W pf(§) 9% 5% Hat Corp of Amer.. 99% 81 HatCpfww (6%). 140s 3% 1% Hayes Body 2 160 1421 Helme (G W)D£(1). 108 25% Hercules Mot (80¢) x 51 854 Hereules Pw (13).. 2 128 122 Btmnlolé’ n‘t‘("l‘)).. no: 43% 104 Hershey C p! . “Dr 5% Holland Furnace... 43 % 8%+ % 11 6% Holland & Son (60c) 3 % Th-% 412 338 Homestake (t12)...x 2 406 105 405 +8 40% 80% Houd-HershA2%.x 1 37T% 37% + % 15% 6% Houdaille-Hersh B. 66 14% 14% - % 9% Houston Oil... 4 U =4 43 Howe Sound (3)... 15 49% - % 2% Hudson & Manhat.. & 6% Hudson & Man pf. . 6% Hudson Motor Car.. % Hupp Motors...... 14 Vadsco Sales Corp.. 19% Vadsco Sales pf 11% Vanadium Corp. 11% Van Raalte.. 34 Vick Chem ({2) 2% Va-Car Chemical. .. 174 Va-Car Chem 6% pf 2% Va El & Pw pt (§).. First _ Mortgage Notes Available 6% Secured on New Homes Safety and Yield Combined SHANNON & LUCHS 1505 H St. N.W. €7 27% 100 40s 100 2% 1 Wabash (d). 2 1% 3% 1% Wabashpf (A) (d). 2 214 Tl 4% Waldorf Sys(b20c). 4 5% 31 264 WalgreenCo (1.20) 4 28% 120 114 Walgreen pf (63%).x 10s 117 1.\1 3% 1% Walworth Co. . 2 4% 2% Warner Bros Plo... 52 14! Warner Bros Plc pf 60s % Warner-Quinlan... 1 2% Warren Bros......s 11 21 Warren Fdy&P (2). 2 4 Webster Eisenlobr. 5 1 Wells Fargo....... 130s 301 Wesson O&S(150c). 12 72 WessonO&Spfé.. 1 £4 West Pa Elec (1) A 220s 36 West Pa Elec pf (6) 70s 39% West Pa Elec pf (7) 300s 95 West Pa Pw pf (6).. 50s 118% 104% West Pa Pw pf (7). 40s 117% 11743 5% Western Maryland. 17 8 8 14 Western Pacific 2 1% 1% 2% Western Pacific 3 3l 3 9 20% Western Union 33 335 % 18 Westingh'se A 24 24 1 32% w.-(mzn se Elec 50% 5 "se 1st pf 3 108 1% 10 Wlllon Elec Inst. . 11% 18% 16% Westvaco Chi (40c) 19 50 18 Wheel & Lake Erie. 25 120 14% Wheeling Steel 16% 36% 6% White Motor. 10% 915 13% White R'k M 1% Eg" Wiison : Coal2 %G Wilson & Co pf (§) Tt 51 Woolworth (2.40) ot B 11% Worthington Pum 9% 9%+ 8 25% Worth Pump pf A.. 7“’ 8914 +10% 20 Worth Pump pf B.. 13% — % 53%, 35% Wright Aero....... 5% — %| 4% 2% Yellow Truck...... 50% — 34| 42 314 Yellow Truck pf. 2 8% — % 1% + % 35 32 33% California Pkg (1% % Callahan Zinc....ee 2% Calumet & Hecla. .. 715 Campbell-Wy (a20e) 8% Can Dry G A (40¢c). 9% Canadian Pacific..u 4% Capital Admin (A)i 45% Case {J I) Co.. 8 8315 Case (31) pf (4)... 2108 361 Caterpillar Tr({1). 19% Celanese Corp. 11 1% Celotex Co (d) . 1 1% Celotex Co vte (d)ss 2 11% Celotex Co pf (d)... 390s 22% Cent Aguire (1%).. 4 34 Central RROfNJ. 3 38% Cerro de Pasco (2). 3% Certain-Teed Prod. 23 Certain-teed P ot 37% Ches & Ohio (2.80) 36 Chesapeake Corp(3) 1% Chi GtWestn pf(d).. 15% Chi Mail Order (1) % Chi MilIStP&P... % Chi MilStP&P 2% Chi & Northwest. .. 4% Chi & Northwest nf. 4% Chi Pneumatic Tool 20 Chi Ppeu Tool pf... 1 ChiRI& Pac (d) 20% 36 23 PhilaCo 6% pf (3).. 3% Phila Rap Tr pf (k) 1% Phila & Read C& 1. 35% Philip Morris (1) ... 5% Phillips-Jones C.. o 13% Phillips Petrol (1) % Pierce Oil, 33 Pierce Oil pf. % Plerce Petroleum. .. 5% Pitts Screw & Bolt.. 6% Pitts & W Va s 6% Plymouth Oil. 6% Poor & Co (B).. 3 Porto R Am Tob B.: 4% Postal Tel & Ca pf.. % Pressed Stl Car(d).. 615 Pressed Stl C pf(d). 42% Proc & Gamb (134). 120% 115 Proc & Gam pf (5). 36% 20% Pub Sve N J (2.40)., 91% 62% PubSveNJ pt (5). 105 73 PubSvoNJ pf (6). 116% 85% Pub Sve NJ of (7). 131 100 PubSve NJpf (8). 62% 34 Pullman Ine (3).... 9% 5% PureOil.... 79 49% Pure Oil pf. 14 8% Purity Bakeries (1) 1121 NAtional 2345 2% 2% 2% 162 162 162 +2 264 24% 24% 83 829 82% + W 128 127 127 110K 110% 110% + % 5% 59% 63% 16% 39 3% 46 7 1 33% — % 10s 1% 264% 4% + % 16% + % AT% —1% 21% - % 97 3% + % 12% + % 29% 8 %+ % 1% 4 Radio Corporation.. 35% Radio Corp pf B.... 1% Radio-Keith-Or(d). 4% R R Sec Ll Cent... 16% Raybestos-Man (l) 29% Reading (2).. 3% Real Silk Hosiery. 1 Reis (Rbert, o 2% 8619 26% 16% 1% 2 3% 3 Approximate Sales of Stocks on the N. ¥. Smm 11:00 AM.. «e 290,000 12:00 Noom. 1:00 P.M... « 950,000 2:00 P.M... Total sales for the day. 1,630,000 cagD¥idend rates as siven in the above table are the annual =% payments based on the latest quarterly or half-yearly ASK -1% ‘.l:hn = | “i0nit of trading less than 100 shares. tAnoual rate plus 85 =1 |extra. fAccumulated dividends. aPaid this year. bPaid last 22 = 22 = % |year. dCompanies reported i be! 1033 103% +13 xlxdlvmm: 'S repo; in receivership or being reorganized. WORLD’S CONSUMPTION |National Biscuit OF U. S. COTTON SLUMPS Votes Dividend of : " 40 Cents a Share NEW YORK, June 19.—The Na- tional Industrial Conference Board By the Associated Press. NEW YORK, June 19.—National 4% — 2% + % 6% 2 92 ~1% 63 —1% 3 6% + % 93 [llinois Central. ... 15 Illinois Central pf.. 23% Indus Rayon (1.68). 60% Ingersoll-Rand (2). 46% Inland Steel (2)...e 215 Inspiration Copper. 4 Insur Shet Md 14c.. 8% Interboro R T (d) v 1% Intercontl Rubber.. 4% Interlake Ilron. 3% Int Carriers L 22% Int Cement (1). 84% Int Harvester (60c) 2% 1% Int Hydro Elec (A): 27% 18 YoungSp& W (11). 21% 13 Youngstown S&T.. 23 —_— 2% 1% Zenith Radio...... 3 4% 2% Zonite Products.... 11 The Building & Loan Plan of Saving ... Is Without a Peer Tms is, admittedly, no Saving- Investment field for small inves- tors to compare in Safety, Yield and Convenience with the sunam‘ and Loan Plan! ® Look at the prosperity its mem- bers have enjoyed, during “good times™ « + . Look at the impregnably safe position Building and Loan Invest- ments and “institutions have enjoyed during times of great stress. @ Come in and learn fully about the “Ideal Plan” of saving. We Pay 5% Compounded Semi-Annually from the date of payment 4 4% —-% 8 Rels (Robt.) st pfa 1% T1h 7 Remington-Rand... 21 8% 8 - % 70 Remington-R 2d nf 200- 83% 83% +1% 2% Reo Motor Car. 5" Republic Steel. . Ey P S N | 28% Republic Steel pf.., 16 47 1 6 208 85 24% 17% Reynolds loull(l) 6 103% 101 ReynldsMetbf5%.x 6 104 15 12% C|lrkGEqu;lpB e 30% 28% Clev Graph Br (f1)s 281 23y Cluett Peabody (1). 26 4 26% 222 161% Coca-Cola (8)....en 4219 218% 219 =1 57% 53% Coca-Cola (A)(3).. 1 54 54 54 — % 18% 15% Colgate-P-P (50¢c).. 14 17 16% 16% — % 105% 101 Colgate-P-P pf (6). 2 104 104 104 9 Collins & Alkman. . 1 18% 17% 17% —1% Collins & Afk pf (7) 340s 98 -1 el e on % =" | 20% 22 Int Nick Can (60¢) 130 125 Int Nick Canpf (7). 10% Golo & Soueh+orsrn 408 3~ 1uIotPaper&Pw (A) 7 Col6 & South 1st pt. 180. 1% % }n: l;:m: : l;: fC) 6% Colo & South 2d pf. 140s 1% % In P.ptr."“ . 3% Col Gas & Elec..... 234 12 4% Int Papel e 18% 30% 27! 126 !20 !26 +1% 9& % % — W 5% + % 28% — % lllfi % 18 + % M~ % 10 - % 11 ~-% 59 51% — % RoaonB3ElSnwcoar TRACTOR PROFITS MOUNT. PEORIA, Ill, June 19 (#).—Opera- tions of the Caterpillar Tractor Co. in May resulted in a net profit of $663,279, compared with $502,583 in ‘the same month last year. In five months of 1935 profit totaled $2,404,284, equal 35% ColG&EDL A o 21% Int Print Ink (1)... 31 ColG&EPpfB(5).. 34% Colum Pievte (11) 67 Colum Carbon (4).. 39% Comel Credit (2)... 7% 564 Comel Inv Tr (12).. 115% 111 Comel Inv ev pf(6). 23% 17% Comcl Solv (+60c).. 1% _ % Comw & Southern., s Rrale 9% Int Rys Cent Am pf 26%, off a point - from yesterdey’s small sale. The market closed with 26 bid and 27% asked. Potomac Elec- tric Power 6 per cent preferred moved 6% Intertype (IIM) . 59 49 Jewel Tea (3).. says world consumption of American cotton in the first nine months of the present crop year was 18.4 per cent 67% 66% 66% 2 112 112 112 19% 1 21 l!fi 1% at 110. In the bond division Washington Gas 6s, Series B, opened at 1035 nndr.\mefln 103%. A!lt.mnnewml 47 29% Comw & Sou pf (3). 10 5% Conde Nast Pub. 36% 27 Congoleum-N (1.60) 42 23% Conn Ry & Lt (4%). 10% 7 Consol Cigar.. 82 "!l Mcwpflwfl‘. 22% uuc»n-mmpt $1%) ”K 156% Consol Gas N Y (1). Consol Ges pf (6).. 46% 10 4M% - % s‘m 381 Johns-Manv (a2l 10 50 36% + % 87 Jones&Laugh 1%pt 118 115% Kan C P&L 1st pf 6. 8% 3% Kans City Southern 13% 6% Kans City South pfs 12% 7% Kaufm'n D S(a¢0c). 2% % Kelly-Spring T (d) 19 6 Kelsey-Hayes (A).. i 21% 13% Kennecott C (800).. 19% Kresge (!l)(l).-.. 3% Kelsey-Hayes (B) o 129% Kelvinator (150¢).. 24% 118 108 Kresge (8 8) pf (1), 28% 224 Kroger Gr&Bk 1.60. % 5 T 58l —1% 18 118 118 + % 6% 6k 64— % lh lfl mo 10. 80s 16% 16 16% + % 6 27% 2THh .2Th— % 7 11% 11% :11% — % 2EEESE %g% than in the same period a year Domestic consumption of Amer- H g ] 5 gid PR to $1.28 .per share, compared with $1,656,977, or 88 cents a share, for the 1934 period. —_—— UNITED GAS NET RISES. NEW YORK, June 19 (#).—United to the date of withdrawal @ You can open a Savings Account with ONE DOLLAR, or more . . . and youll always find at “The Fidelity,” & friendly spirit of helpfulness and co-operation. The Fidelity Building & Loan | Association MAIN OFFICE, 610 13th St. N.W.