Evening Star Newspaper, June 20, 1935, Page 18

FINANCIA CHANGES IN BANK TR ANSA CTIONS ON THE NEW YORK STOCK EXCHAN G EISIOS AR HEAW AT ARE LISTED| %% 5 &k AT SESSION'S END m Sflver x....'g'.‘.m‘“ o Te 1 Senate Plans for Title Il Support Appears for Some Kept Separate From Rest | s % Aihaay Wiy Peuas Sections After Early of Measure. ,5}“ PPy oA A Sharp Decline. BY EDWARD C. STONE. ‘What Stecks Did. Consideration of title III of the Banking act of 1935 has been com- pleted by the Senate’s Subcommittee of Banking and the suggested changes are now being printed separately from the rest of -mmmbmm Pf'vlul l.h- % Amoiud('l).... T4 4% Adams Express.... 33% 28 Adams Millis (3)... 11% 8 Addressog’phalbe. x 9 4% Advance Rumley... 140 104% Air Reduction (13). 1% % Air-Way Bleo Appl. 204 15% Alaska Jun (160c). 8% 1% Albany Wrap Paper !a' Close.Chse. 13% — % 8% + % 4% 104 - % 34 16% + % 18% - % 2 2% 2% - % us s 1 -2 19% — u 1! 18% — 9% 10% — Vh 134 - % 88 -1 G- % 316 — % 4% - % 6 Simmons Co. 13% Stmms Petrol (l)-- 6% !hlly ofl...... 1 24 effleld vt. - 20- :g% T 15% Socony-Vac (‘M).. 113 28% 20 Bou Porto R 8ug (2) 8 149 132 Sou Porto R Spf (8] 10s 20% 10% South Cal Ba (1%). 4 19% 12% Southern Pacific... 16% 7% Southern Rallway. 20% 10 Southern Rwy pf... 69% Spang Chalf pf (12) 40s 3% Sparks-Withington. 3% Spear & 32 Spencr Kellogg 1.60 7% Sperry vte (a25¢)..; 33% Spicer Mg pf (3).4 600 43% Spiegel-Muy-Stern. 6 13% Stand Brands (1)... 75 2% Stand Com Tobacco 1 1% Stand Gas & Elec. .. 1% Stand G & E $4 of.. 27% Stand Oil ot Cal (1) 116 111 Staiid Oil Exp pf(6) 27% 23 Stand Ofl of Ind (1) 35% Stand OII N J (11).. 12% Starrett (L 8) a26c. 58% Sterling Prod (3.80) 2 36 Sterling Securcv pf 1 6% Stewart-Warner... 8 2% Stone & Webster. 6 2% Studebaker Corn. .. 56 60% Sun Ofl (11).. 121 115% Sun O1l pf (6) 21% 11 Superheater (50¢).s 9% b5 Superior Steel....q 5% 3% Sweets Coof Am... 2% 1% Symington (A)(d).. Marancha Corp. . 5% Marine Midld “0') 20 Marlin-Rockwell(2) 28% + % 84 + % 29% 43% — % % = % 46 +1 1% - tag Co 83 Maytag pf ww $2%. 841% Maytag 1st pf (€).. 41 Melville Shoe (+2). 24% Mesta Mach (1%)., 9% Mid-Cont Pet albe.. 8% Midland Steel Prod. 60% Midl'd Stl 1st pf(8) x BDI 3% Minn Moline Pow. .. % M St P&S S Marfe. 14 MStP&SSMlisin 10% Mission COrp.....« 2% Mo Kans & Texas. . 5% Mo Kans & Tex pf.. 10% Mohawk C M.. ] 56 MonsantoC (1)...s 21% Montgomery wm. % Mother Lode 17% Motor Product T% Motor Wheel (BOc). 36% Mullins MIg pf..... 9% 4% Murray Corp.. 19% ™ 8% =3 P ReRE e 1 % 31 lwn 148% 150 -i 8% 8%-% 48% Amerada Corp (2).. 41% Am Ag Cem Del(2). 43 Am Bank N pf (3).. 21 Am BrShoe (1)....x 31 30% 31 the bill. The bill 125% 119 Am Brake Sh pf(7) x 60- 126 125 125 +1% is very similar to ¢ 141 110 AmCan (t4)....... 49 137% 135 the House bill, 45:: ;g Am Car & Foundry. 8 164 15% some of the tech- 58 % Am Car & Found pf. 4 33% 22% Am Comel Alcohol. 2 nical differences including _ these 1574 673 A Crvrr 8 5as-x oo m ystal P = . . recommenda- 3 % Am Encaustic (d).. H 6% 2 Am & Foreign Pwr. ll 12 Ani & For Pw $6 pf. 14 Am & For Pw $7 pf. 8% Am Hawatian 8S(1) 2% Am Hide & Leather 29% Am Home Pr (2.40), 8% Am Ice.... 28% Am Icepf 6). 4% Am Internatio; 9 Am Locomotive. 32 Am Locomotive pf. 18% Am Mch & Fy (80c) 4% Am Mach & Metal 13% Am Metal 72 Am Met 114 Am Power & Ligl 8% Am Pwr & Lt $6 pf. 10% Am Pwr & Lt $6 pt. 16 10% Am Radiator...... 151 134% Am Radiator pf (7) 24 15% Am Rolling Mills. .. 83% 66 Am Safety Raz (5). 8% 4% Am Seating........ 47% 31% Am Smelt & Ref... 117 103 AmS&R6% pf 113, 144 121 Am S&R 7% pf (7). 74% 63 Am Snuff (13). 138 125 Am Snuffpf (6).... 18% 12 Am Steel Foundry.. 94% 88 Am Stl Fdry pf (2). 43 331% Am Stores (12).... 70% b5% Am Sugar (2). 140‘1 1264 Am Sugar pf (1). 18% Am Sum Tob (1), 98% Am Tel & Tel (9)..: 72% Am Tobacco (5)... 74% Am Tobaceo B (5) . 9 Am Type Fd pf (d).. T Am Wat Wks (80c). 85% Am Woolen pf..... 8 Anaconda Copper. .. 16% Anaconda Wire. 36 Archer Dan M (t1). 3% Armour of Illinots.. 65% Armour Il pr pf (6) Total Issues 703 BY VICTOR EUBANK, Associated Press Pinancial Writer, NEW YORK, June 20.—Another selling wave unsettled the stock mar- ket today but, after an early sharp decline, support appeared for vari- ous sections of the list. The reaction was attributed partly to technical influences and partly to bearish interpretations placed on the President’s share-the-wealth tax pro- gram. The close was somewhat heavy. Transfers approximated 970,- 000 shares. Analysts pointed out that, while Washington news apparently provided little buying stimulation, equity prices had been due for a corrective decline in view of their recent substantial advance. The list turned dull after its initial spill and many losses were reduced or replaced with small gains. The picture was brightened by a rally_in grains on reports of cloud- bursts in the wheat districts. Cotton was about steady. Bonds were mixed, with Federal loans sagging following Secretary Morgenthau’s announce- ment he would sell on Monday $100,- 000,000 of 3 per cent Treasurys to the highest bidders. Foreign exchanges were quiet. Shares of U. S. Smelting got up a point and North American and Santa Fe improved. Aside from Union Pa- cific, which was under some pressure, the rails were only slightly lower. The same was true of the metals and ofls. Losers of fractions to a point or more included American Can, Allied Chemical, Du Pont, Columbian Carbon, Chrysler, J. C. Penney, Sears Roebuck, American Telephone and U. S. Steel, New York Cotton By the Associated Press. NEW YORK, June 20.—Cotton was quiet today, with a moderate early decline followed by a generally steady market. Offerings were light and prices re- sponded to comparatively small orders. After selling off to 11.14, October rallied to 11.24 and was ruling around 1119 in the late trading, with the general list about net unchanged to 4 points lower. Futures closed steady, Prev. 1935 Steckand Sales— Higo. Low. Dividend Rate. Add 00. High, 22% Deere& Co........ 18 27 19 Deere&Co pf (340c). 23% Delaware & Hudson 11 Del Lack & West.. 26% Diamond Mat (11) 34% Dome Mines (12). 17% Douglas Atreraft. .. 04 86% Du Pont de N (2.60) 181 126% Du Pont deb (6) 2T + % 24% + % 31 =% 16% — % 2% 2 —-% 26 25% + % 102 lofl% 101% — % 130 129% 129% — % 145 143% 146 ~1 OK 20% — A% - 5% — 2% — 23% 14% 120 1 4% 19% 25% 10% 4% 120 1 4% 18% 24% 10% 4% 3% 3% 31 6% 13% 48 11 Nash Motors (1)... 4% Nat Aome CO...cvm 6% Nat Aviation.. 221 Nat Biscult (1.60).+ 13% Nat Cash Reg A 600 12% Nat Dairy Prod 1.20 1% Nat Dept Stores d)., 17 Nat DepSist pf(d).. 2334 Nat Distillers (2).. 21 Nat En & Stpg (2).. 4% Nat Powr & Lt (80c 40% Nat Steel (11)..... 9 Nat Supply Co. 36 Nat Supply Co pf. 8% Nat Tea (60c). 714 Natomas Co (80c 43% Newberry(J J) 1.60 usn 109 Newberry (JJ)pf(7) 8 4% Newport Industries 28% 184 N Y Airbrake.. 21% 12% NYCentralRR... 13 6 NYChicago&StL 25 9% NYChi &St Lof... 14 N Y Investors (d).« tions: 1. Prohibition against employ- ment in member banks of indivi- duals associated ‘with underwriters 15 modified to permit such employ- ment if the concerns are handling exclusively Government - guaranteed securities. 2. Holding companies having bank stock with individual liability are prohibited from paying dividends on common siock until or unless there is a surplus equal to 20 per cent of capital. 3. Extension of the waiver on loans of 10 per cent so as to cover guar- anteed Government obligations. 4. All private banking institutions receiving deposits and doing a check- ing business are required to submit to periodic State banking examina- tion, with publication. Uncertainty still prevailed today as to when the banking bill may be passed and whether titles I and III will be put through separately so that title II can be given further con- slderation. It was understood today that the Senate and House will pass 8 resolution extending the temporary provision of the Federal Deposit In- surance Corp. until the permanent provisions of title I become law. This will avoid heavier assessments which the banks consider unfair, Pierce Opens Bank Sessions. Carroll Pierce, president and trust bfficer ot the Citizens National Bank of Alexandria, opened the annual con- vention of the Virginia Bankers' As- sociation today at Hot Springs. He has been president of the association during the past year and very active in its affairs for several years. Dispatches from Hot Springs stated that there was a large attendance as the Old Dominion financiers started deliberations. President Pierce re- viewed the work of the year and sev- eral committee reports were presented at the morning session. It was an- nounced that Robert V. Fleming would address the convention later in the ‘week as he was unavoidably detained in Washington by conferences with other A. B. A. officials. Much of today’s program was de- voted to general discussions on trust matters, with Henry E. Sargent, secre- tary of the A. B. A. rust division, mak- ing an address on “Opportunities for Activity in the Trust Field.” Richard C. Stockton, vice president, Wachovia | 13 Bank & Trust Co., Winston-Salem, N. | 112 103% Bloomingdale pf (‘l) ©., was to speak later in the day. 10 6% Boelng Alrplane.... 59% 49 Bohn Alum&Br (3). I But Few Brokers on Relief. ggfi g‘: g‘”.famf:“&‘.'cf,’ ' The Wall Street Journal has figured orden Co (1.60). out that under existing conditions a | 39% 284 Borg Warner (134). Tl 3% Boston & Maine.... child who grows up to work in the| ;1,0 gy Briggep't Brass 400 building industry stands just 12% | 313 241 Rriggs Mfg (2).... times more chance of landing on re-| 4l 23% Briggs & Strat (3). ljef rolls than one who enters a bank- [ 36% 30% Bristol-Myers (12). ing or brokerage house, a survey by the 36% Bklyn-Man 'r (3) Federal Emergency Relief Administra- 90 Bklyn-Man T pf (§) tion reveals. 14 BkIn&Queens pf(2) 43 Bklyn Union Gas(5) F. E. R. A has found that 25 per eent of all workers who are usually employed in the building industries, in cities or towns, are on relief. ‘Workers in the building industry con- stitute more than one-eighth of the total workers of from 16 to 64 years of age on urban relief rolls, contribut- ing more persons to the Federally pided group than any other industry. On the other hand, only 2 per cent of banking and brokerage workers have been forced onto relief. i Bond Sale is Gratifying. ' Bankers in this city today were tommenting favorably on the sale by the Montgomery County Commission- ers of $531,000 refunding bonds to John Nuveen & Co. of Chicago. The bonds were sold on the most favor- sble terms in the history of the county, it was said today. ‘They are to refund maturities com- ing due this year and will mature $35,000 each year from July 1, 1939, to 1952, and $41,000 in 1953. The purchasing company is to bear all expenses of preparing and printing the bonds, expected to yield 3% per cent. Several Washington financiers were ‘wondering today why the banks in this city could not get together and take care of the money needs of a territory so close as Montgomery County. The banks have ample funds which they are most anxious to employ to the best advantage. One banker asked why Washington could not take care of such business just as well as Chicago, Baltimore, New - - N0 5 G0 = 00 10 1t 09 11O OT RO i BL 149% 110% Eastman Kod (5)... 20% 16% Eaton Mfg (1) 3% Eitington-Schi] 19% Blectric Auto L Carroll Pierce. 9% 7 Telautograph (80c) 1% Elec Pwr & Light. 4 Tennessee Corp. 2% Eleoc Pwr&Lt $6 pf.; 3 Elec Pwr&Lt 87 pf.. 14 Eng Pub Sve $6 pf.. 14% Eng P 8 $5.50 pf ww b5 Equit Office Bldg. 81 Erie R R 1st pf. 6% Erie R R 2d pf.. 10% Eureka Vac Cl(80¢c) 15 Evans Prod (al)... 2 Exchange Buffet —_— 9% 4 FairbanksCopf...). 20s 25% 17 Fairbanks-Morse.. 8 5% Fed Lt & Tra 4 3% Fed Motor T(llfll) - 3 7% Fed Water Sve (A). 1 16% Fed'd D Strs(t60c).x 1 35% _28% Fid Ph F In (11 10)- 6 35% 112 106% Filene'sS pf (6%).. 90s 18% 13% Firestone (40c). 2 94% 84) Firestone pf A (6).. 1 56 45% First Nat Strs(2%) 17 6% 2% FollonsbeeBros(d).. 1 38% 204 Food Mach (1) 9% Foster-Wheeler. 17 60% Foster-Wheeler pf. 2% Foundation Co..... 19% Fourth Nat Ina60c. 8% Fox Film (A).....o 17% Freeport-Texas (1): 4% Fuller Co 24 pf..... e - AaNCmAaRBrRE SN NN 8% Tex Pac Land Trust 13% Thatcher M (a50c). 2% Thermoid Co. 2% Third Avenue 13% Thompson Pr 7% Tide Wat Asso Ofl.. 84 Ti - e - ©S o REa ey - o 89% 28% Timken R B (11). 7 4% Transamerica(25c. 10% 7% Trans & West'n Air 4% 1% Tri-Contl Corp. i 425,36 Trico Prod.(24). 17% g 6 3% Truscon Steel.. . 17% 9 North AmCo (1)... 27% 18 Twin City R T pf. 50 35% North Am Co pf (3) b 85 57 North Am Ed pf (6) 44 Un Carb&C 1.60 21% 13% Northern Pacifie. .. 14% Un Oil of Cal (1 2% 1% Norwalk Tire&Rub 82% Un Pacific (6)..... —————— e 20% Un Tank Car (1.20). 14% 9% Ohio Oil (albe)..... 9% United Aircraft.... 4% 1 Oliver Farm Equip. 43 United Afr L vte... 26% 13% Oliver FEprpfA.. 20% United Bisc (1.60).. A 46 United Carbon 2.40. levator (60c) ,“‘),n_ 1% United Corp... 5 teel. 208 United Corp pf (3). 80 O'cnl-lll Gllll(d). 8% United Drug... 3% United Elec Coal. 71% United Fruit (3)... 9% United Gas Imp (1) 87% Unit Gas Imp pf(§). 1% United Pce DW..., 10 Unit Plece D W pt 4% U S & For'n Secur.. 40% U 8 Gypsum (1).... 35% U S Ind Alcohol (2) 3% U 8 Leather vte.... 71 U S Leather(A) vic. 53 U S Leather prpf... 14% US Pipe & F (50c). 3 US Realty & Imp. 9% U S Rubber.. 24% U S Rubber 1st pf 95 USSmelt&R (a4). 62% UBS‘H!&RDK(I*) 27% U S Steel 140% 119% U S Tovacen ey 7% 3% United Stores (A).. o oo Ot » & EFF FREFEFIE FEEFEFFR © 9 - » S = 14% 4% b4% 2% a8 13% 70 as 24% 13% hclfluGtE(l%). 34% 19 Pacific Ltg (2.40).. 21 12% Pacific Mills. 133 111% PacificT& T p( (l). 6% 3% Packard Motor..... % Panhandle Prod&R. 2% Par Public cod (d).. 2% Park Utah.. 1 Pathe Exchange.. . 8% Pathe Exchange(A) 8% Patino Mines. . 1 Peerless Motor 641 Penick & Ford (3 57% Penney (JC)(2)..u 110 103% Penney (J C)pf(6). 6% 3 Penn Dixie Cement. 269\ #17% Penn RR(1)....00 17% Peoples Gas Chi...s 13«. 91 Pere Marquette. ... 24% 13 Pere Marquette pf.. 19% 14% Pet Milk (1). . 11% 7% Petrol Corp 20% 12% Phelps Dodge aZSc. 36% 23 PhilaCo 6% of (3).. 4% 1% Phila & Read C& I+ 354 Philip Morris (1).. 13% Phillips Petrol (1) . % Plerce Petroieum. . 81 Pillsbury Flour 1.60 5% Pitts Screw & Boit.. 1% Pitts United Corp. . 6% Plymouth Oil... 3% Porto R Am Tob Bl 4% Postal Tel & Ca pf.: % Pressed Stl Car(d).. 6% Pressed St1 C pf(d). 42% Proc & Gamb (1%). 20% PubSve NJ (2.40). 62% PubSveNJ pf(6). 73 PubSve NJ pf (6). 85% PubSve NJ of (1)« 34 Pullman Ine (3). 5% Pure Oil... 49% Pure Oil pf. 8% Purity Bak 5% Gen Am Investors. . 32% Gen Am Trans(1%) 11% Gen Asphait......e 7% Gen Baking (60¢c). 54 Gen Bronze. 50 Gen Cigar (t 20% Gen Electrio ( 32% Gen Foods ( 14 Gen Gas & El (A 59% Gen Mills (3). 3414 26% Gen Motors (1 117% 107% Gen Motors pf ( 10 Gen Outdoor Adv A. 17% Gen Print Ink 1.60. 93% Gen Print Ink pf (6) 1% Gen Public Service. 15% Gen Ry Signal (1).. 16% Gen Refractories. .. 16% Gen Refrac otf: 12 +Gillett Saf Ras (1). 70% Gillett Stf R pt (5) 214 Gimbel Bros. . 23% Glidden Co (11). mm 104% Glidden Co pr pf 1% Gobel (Adolf) (d) 14% Gold Dust (1.20) 73 Goodrich (B F). 40 Goodrich (B F) p! 15% Goodyear T& R. 70 Goodyear §7 pf ( 214 Gotham Silk Hose. 20 Gotham Silk H p! 441 32% Atlas Powder (2)... 112 106% Atlas Powder pf (§) 29% 15 Auburn Auto... 5% 38 Aviation Corp Del —_— 6% 11 Baldwin Loco (d).. 15 7% Baitimore & Ohfo. . 17% 9% Baltimore & Ohilo pf 109 100% Bamberger pf (6% ) 4315 3614 Bang & Aroos (23) 115 106% Bang & Aroos pf(7) 5% 3% Barker Brothers, 10% 5% Barnsdall Corp.... 50% 371 Bayuk Cigar (150¢) 115 107% Bayuk C 1st pf (7). 15% Beatrice Cre (a50c) 72 Beech-Nut P (13).. 11% Bendix Aviation.... 15% Beneficial Loan 1% 34 Best&Co(2).....e 21% Bethlehem Eteel... 55% Bethlehem Stlpf... 14% Bigelow-8an Corp.. 9% Blaw-KnoX....... ol 3 114% — % 18% - % 29% 29 105% 105% 105% 2% 2% 2% 25% 25% 25% — % 18% 18 14% 85 pots July .. October’ December January March May .. . Spot_steady: middling. n—Nominal. FE OFEEESR EEDomod T+ + ® isiorisiik! td 1% Univ Pipe & Rad... 19% 12 Univ Pipe& Rad pf. 30s 2% 1 UdHIPwr&Lt(A).. 14 21% 21% 38 4% 274% 100 83 Cottonseed Oil. Bleachable cottonseed oil futures closed firm. July, 10.18b; September, 10.17b, October, 10.15b; December, 9.96-97; January, 9.96b. Sales, 124 contracts, including 18 switches. b— Bid. o 11% Vanadium Corp.. 11% Van Raalte.... 84 Vick Chem (12) 2% Va-Car Chemical... 1 17% Va-CarChem 6% pf 1 72% Va El & Pw pt (6).. 1408 63% Vulcan Detin (a4).. 20s — 31 26% Walgreen Co (1.20), 2 1% Walworth Co....... 2 28% Ward Baking pf (2) 1 2% Warner Bros Pic... 42 14% Warner Bros Pie pt 120s % Warner-Quinlan... 1 2% Warren Bros......4 3 4 Webster Eisenlohr. 3 30% Wesson O&S(160c). 15 72 WessonQ&Spfé.. 1 34 WestPaElec (1) A 40s 36 West Pa Elec pf (§) 50s 39% West Pa Elec pt (1) 40s 118% 104}s West Pa Pw pf (7). 108 ) % West Dairy pf Bvte, 1 9% 5% Western Maryland. 3% 1% Western Pacific T% 2% Western Pacific p: 20% Western Union. 18 Westingh'se A 32% Westingh'se Elec 90 Westh'se Istpf 3 6% Whi; 29% 14% Grand Union pf 1%. 26 Grant (WT) (11).. 9% Great Northern pf.. 9% Great Nor Ore (50¢c) 26% Grt West Sug (2.40) 2% 1 Guantanamo Sugar. P ———— T% 4 Hall W F Printing. % A% 4% 108 101 Hanna (M A)pfe7). 106 106 20% 16 Harb Walker (1)... 204 20% 20% + % 9% 5% Hat Corp of Amer.. g 8 8 99% 81 HatCpfww (6%). 99 98 99 +1 111 85 Hazel Atlas Gl (5). 106% 106% 106% —2 141 127 Heime (G W) (16).. 140 139% 139% — % 2514 11 Hercules Mot (80¢) 24% 23% 24% - % 85% 71 Hereules Pw (13).. 82 82 -4 128 122, Hercules Ppf (7). 9% 5% Holland Furnace. 412 338 Homestake (112)... 40% 380% Houd-Hersh A2%.. 3 36% 36% — % 15% 6% Houdaille-Hersh B. 61 14% = % 3% 13 Houston Oil (new). 2 2% 56 43 HoweSound (3)...x 3 48% — % 12% 6% Hudson Motor Car.. 3% % Hupp Motors...... —_— ——— 934 Illinots Central 40 Ill Cent lse lin 23% lndus Rayon (1. 60% Ingersoll-Rand (2). 46% Inland Steel (3)...e 214 Inspiration Coppers 4 Insur Shet Md 14c.. 8% Interboro R T (d). 1% Intercontl Rubber. 43 Interlake Iron..... u‘% 149% Int Bus Mach (16).x 6% 3% Int Carriers Litd 30¢ 33 22% Int Cement (1)..... 45% 34% Int Harvester (60c) 2% 1% Int Hydro Elec (A). 3% 2 Int Merch Marine.. 29% 223 Int Nick Can (60¢) ) 130 124'% Int Nick Can pf (7). 1% Int Paper & Pw (A) LIVERPOOL. June (). —Cott 000 baics eeTudtng 6,600 Ameviean quiet; prices 1 point lower. Quotations in pence: ~American strict good middiing. #00d middiing. 6.98: strict middling. middling, 6.78: striet low middling. 668 low middling. strict good or- dinary. 6.23: sood ordinary 5.93: futures g:“d bi‘”d“;n’uli 28 %cvobe cember, & 3 0; Mareh, 5 89; Ma! 8 By the Associated Press, CHICAGO, June 20.—Cloudbursts reported at places in the Kansas and Oklahoma wheat harvest region led to late advances of grain markets to- day. Corn and oats prices were even more bullishly influenced by reports of excessive rains than was the case with wheat. Indications pointed to re- ductions of corn acreagc in the lead- ing corn States. Wheat closed firm at the same as yesterday’s finish to 1 cent higher; July, 80%al:; corn, %a% up; July, 817%a82; oats, %a% advanced, and provisions varying from 15 cents de- cline to 5 cents gain. WHEAT- FRLEEFS FEFERF - © o o T30 10 N 10 O 01 00 4 09 1 BN IS 63 1 IO 03 bt i ST D e e O GOt 2SI OY 1% - o « ) 4 Radio Corporation.. 50 RadioCorppf A3% 35% Radio Corppf B. .. 1% Radio-Kelth-Or ( 4% RR Sec Ll Cent. 20% Real Silk Hos pf 7 Remington-Rand 71% Remington-R 1st pf 70 Remington-R 2d pt FEE FE FEEFe 23 Budd (EG) Mf; 2% Budd Wheel 8% Bullard Co. 13% Burr Add M 1 Bush Terminal (d) 2% 1% Butte Coppe: & Zine % Butterick Co (d)..a 20% 11% Byers <A M). e e e s 42% 83% California Pkg (1% % Callahan Zine.. 2% Calumét & Hecla... T% Campbell-Wy (a20e) 8% Can Dry G A (40¢). 9% Canadian Pacific..« 32% Cap Adm pf A (3) 45% Case (J [)Co... 861 Caterpillar Tr(t1)w 19% Celanese COTD. ... 1% Celotex Co (d)... e 1% Celotex Co vte (d) 11% Celotex Co pf (d)... 22% Cent Aguire (13%).. 38% Cerro de Pasco (2). 23 Certain-teed P nf. .. 37% Ches & Ohio (2.30). 36 Chesapeake Corp(3) % Chi & Gt Westn(d).. 1% Chi GtWestn pf(d) % Chi Mill St P&P... % Chi Mil St P & P pf. 2% Chi & Northwest. .. 1406 406 406 +1 36% 28% Republic Steel 28 Repub Steel pf cod 75 RevereC& B pf. 17% Reynolds Metals. 103% 101 ReynldsMet pf 535, 61 55% Reynolds Tob (3)... 52 43% Reynolds Tob B (3) 30% 21% Roan Antelope Ltd. 43% 29% Roy'l D b1.35 3-10c.. _— 46 36% Safeway Stores (3). 114% 110 Safeway Strs pf (1) 21% 10% St Joseph L4 (40c). 2 % St L-San Fran (d).. 2% 1 StL-SanFrpf(d 2:% kM % Wilson & Co a12%, BE Wilson & Co pf (§ ‘Woolworth (2.40) 25% Worth Pump pf A 20 Worth Pump pt B.. 53% 35% Wright Aero. . 1001 82% 73% Wrigley W jr 3 —— 24 17% Yale & Towne (60c) 1 42 313 Yellow Truck pf... 130s 27% 18 YoungSp& W (t1). 15 26% 21% 13 Youngstown S&T.. 6 16% — 4% 2% Zonite Products.... Yy % 3 Approximate Sales of Stocks on the N. Y. Stock 11:00 A.M....... 360,000 12:00 Noon. S 1:00 P.M... . 670,000 2:00 P.M... S5 Total sales for the day. 1. ividend rates as given in the above table are the annual ash Daymenis based on the latest quarterly or half-yeary Unit of trading less than 100 shares. tAccumulated dividends. EEFE P R FER 814 21% 37 13 38 374 308 114% 114 8 18% 17% % 1% 25% 2 FEEERL 22 Schenley Distille: 1% Schulte Retatl Strs 3 Seaboard Alr L (d). 20% Seab’d O (160¢) 81 Sears R k(aT5¢c). 1% Second Nat Invest.. 40 Sec NatInvpfil% T% Servel INC..c....ve 48% 44% Sharp & Dpf (3%). Int Paper & Pw (B) 9% T% Shattuck lFG; 26e. Paid thi: ARy 11% 5% Shell Union Ofl.... SN e et ety g 4% Lnt Paper & Pw pf.. O'IV. 63% Shell Union Ol pf.. 'd.gg:fnnm Teported in receivership or bbing reorganized, B 4% Chi & Northwest of, 21% Int Print Ink (1)... —_— 20 Chi Pneu Tool pf.. 981 Int Print Ink pf (6) 1 ChiRI&Pac (4).. 9% int Rya Cent Am pf Loss of $100’595 RUG CONTRACT IS LET DIVIDENDS ANNOUNCED In May Reported FOR COURT BUILDING June 20.Dividends de- | & 1% ChiRI& P 6% (d)en 3 3% Childs Co.... 46 NEW YORK. 9 Chile Copper. 1% 5 chred (prepared by the “Standard Statistics | Oc . e contract for carpeting the in- B Nlckel Plate teriors of the new Supreme Court Ah—em—s y Building has now been awarded and By the Associated Press. CLEVELAND, June 20.—The Nickel FOERFE F REEEEy % 35% 41% 2 50 10% tAnnual rate pius 3 45 5% Int Tel & Tel......t 8% Interstate Dept Stra 6% Intertype (a20¢)... — e 59 49 Jewel Tea (3)...... 31 City Stores. ... of P‘)’ 284 Clev Graph Br (f1)s 80 Clev & Pitts (3%).. 23% Cluett Peabody (1). Pe- Stoc! Rate (rlod° ucom chlun Cash Market. ‘Wheat, No. 2 red, 82%; No. 3, red, 80% weevily; No. 2 mixed, 84¢. Corn, 31 Chrysler Corp (t1). 5% 65 20 City ice & Fuel (2). rin 87 Cilyluh?vf‘*., 10% preparations are under way to weave the fabrics in time for the next ses- sion in October. The contract was York or any other city. Housing Loans Mount Here, Henry H. Dearing, director of the Jocal branch of the Federal Housing Bureau, announces that home repairs ws a result of the housing drive during 1935 have passed the $1,000,000 mark. The total outlay to date is figured at 53% Coca-Cola (A)(3).. 15% Colgate-P-P (50¢).. 9 Collins & Atkman. . 69% Collins & Atk of (7) 5 ColoF&Ipf (d)... 7 Colo & South 1st pt. 65 Colo & South 2d pf. 3% Col Gas & Eleo..... 35% Col G& E pf A (6). 84% Colum Pie vte (1) 57% 3815 Johns-Manv (a25e). 78 50 Jones&Laugh 1%pf 3% Kans City Southern 6% Kans City South pf: 1% Kaufm'n D S(agve). 15% Kayser(J)& Co 60e. % Kelly-Spring T (d)« 6 Kelly ST 6% pf(d)w 6 Kelsey-Hayes (A).. 8% Plate Railroad announced today that its net income in May represented a $100,595.25 deficit as compared to a $36,318.58 surplus in May. 1934. ' The statement said the net income for the first five months of 1935 was $1,520.60, a decrease of $43,255.27 un- der the corresponding period of 1934. “Railway operating revenues for May, awarded on superfine Wilton weaves | AT by the makers of the Gulistan rug, A, & M. Karagheusian, Inc. Chief Justice Hughes was chairman | Do of the building commission which made the award. b 1t is understood that the specificu- | Cons Com In A ot No. 1 yellow, 87; No. 2 yellow, 863%. Oats, No. 2 white, 43%2a%; No. 3 white, 40a41%.. No rye, buckwheat, soybeans. Barley feed, 45a50 nominal, malting, 80a1.00. Timothy seed, 7.75a 825 hundred weight. Clover seed, 12.00a16.50 hundred weight. Liverpool Grain Prices. 3% Kelsey-Hayes (B). 12% Kelvinator (150c).. 13% Kennecott C (60¢c).. 19% Kresge (88)(1) 22% Kroger Gr&Bk 1 tions called for carpets of exceptional quality. Practically every manufac- turer of note in the country competed for this award. The winning quality was submitted by Woodward & Shiere [arel A8 wnen {n 1935,” it continues, “were $2,687,645.98, & decrease of $178,738.29, and for the five-month period, $13,840,946, a de- crease of $521,710.40.” e TIRE SHIPMENTS TAKE JUMP DURING APRIL By the Associated Press. NEW YORK, June 20.—Shipments of pneumatic casings in April were 5,143,509 units, against 4,204,131 in March and 4,438,378 in April, 1934, the Rubber Manufacturers’ Association reports. April production was 4,511,- 735, against 4,345,581 in the preceding LIVERPOOL. June 20 (# —Whest fu- tures closed luld v, !n Low. Close. Close. h 17 i 1Y% 77 48% 7% 7 Y. Danahy-Faxon 67 Colum Carbon (4).. Dlgnpon Hos 391% Comcl Credit (2). 56% Comel Inv Tr (12).. 17% Comcl Solv (+60c).. % Comw & Southern 29% Comw & Sou pf (3 27 Congoleum-N (1.60) 23% Conn Ry & Lt (4%) 71 ConCprpf wwéi% vassing the city in the interest of still more renovizing loans. There 18 also broad activty in the refinancing of mortgages, Mr. Dearing says. Capital Transit stock sold lower on the Washington Stock Exchange to- day, 65 shares changing hands at 18%. The market closed with 18 bid and 19 uud Potomac Electric Power 6 per cent preferred moved at 110% and mru of Washington Loan & % 773, 3 8% 24 Lambert Co 8% Lee Rub&Tire 89% Leh Port C pf (3%) 1% Lehigh Valley Coal. 5% Lehigh Val Coal pt. 67% Lehman C (12.40)..x 14% Lehn & Fink (1%) 21% Lib-O-Ford Gl 1 2 21 Life Saver (1.60)... 93% Ligg & Myers B(t4) 16% Lily Tulip Cuptlis) *| DOLLAR TENDS HIGHER IN LONDON DEALINGS By the Associated Press. % 11% 11% — % 101% 101% +1% 1% 1% — % % T% - % T8 T8% 4+ W 15 16% + % 29% 30% - % 28% 28% - % 110% 111% + % % 17% 1T% — % 26% -1 30% — % 40% — % I+ % 1% 20% - % % 13 17% - % 1 4% 4% 4% — % 1 109% 109% 109% +2% 1 42 42 5 33 324 324 - lt 6.41% 41 41 - 1114 114 114 -1 12 6% 6% 3 85 41 12% 11% 5 204 20% 9 40% 39% 6% 20% . 10s OOD: NEWSPAPERS DISCLOSE | en Meck ADVERTISING INCREASE |Fisuss By the Associated Press. CHICACO, June 20.—Newspaper advertising volume in May held the gains established in May, 1934, and edded 2.6 per cent to that total, said an analysis of figures from 81 cities rvporpd by Advertising Age. ‘The total lineage in the 81 cities in May, 1934. was 164,043,600, while in May, 1935, aggregated 168,257,000 lines. Retail and classified advertising made the best showing last month, ' | F3 ' L FEE FEE B FEE FEREEE 5 ] ) 15% Consol Gas N ¥ (1). 72% Consol J3as of (6).. 1% Consol Laundries. LONDON, June 20—Small com- mercial business caused only narrow movements in the foreign exchange market today. ‘The United States dollar closed offi- cally at 4.93 5-16, as compared to the cvernight New York rate of 4.93% to the pound. The Preacn frane, little affected by the lower bank rate in France, closed at 74.62 to the pound, _l,.:”g'mp:nd to yesterday’s close of PARIS, June 20 (#)—Three cent rentes, 79 francs 5 centimes; 4% per cent rentes, 84.70. Exchange on London, 74.63. The dollar was quoted at 15.11%. Rl o TR 000wo! 33 +1+10 25 AR MORMOR MORIIOORNON PR RIIE I 59 . vestors alve Bag Young (3 o5 ont Do. wnlvororSnant o 0000' oD + 4+ 28% Contl Ins (11. % Conti Motors. . 15% Contl O Del (a37%e¢ 41% Corn Ex BK&TT (3) 62 Corn Prod Ref (3). 4% Coty INC....vveaes ° 85% Cream of Wh (2)..x 12% Crosley Rad (a25¢) 28% Crown C &8 (1). 431 Crown C&S of (2.70) 8% Crown Zelleb'k vte. 1 CubaCo 52 N AT b 2 - FH +1 FOREIGN EXCHANGES. NEW Y =] ennae Xony: Sre Bl Great itain, ‘ ng: nis. it Qflfl%. “Dl-. 4.03 GN ug France. “demand. Bl ‘:L"'s 8ite; e L D” ‘ol r'" 24 78; /~ 25.43: rl fl 03 llnhnd. &fl ""i‘:'n.a Py o MONEY nxm ifir m,—oflm "“ . %fl 12% Ludium Steel. 90% Ludlum Stl pf ged 1 ex- ollars. RUGS ARE WITHDRAWN. ErLL TS i+ e Y% per cent. 53¥:§§§‘2 EEwiss o v (REANE] g »==uo-n-