Evening Star Newspaper, June 24, 1935, Page 15

FINANCIAL., W.R.T.NET S0ARS ABOVE YEAR AGO Bus Line Earnings More Than Double 1934 Fig- ures During May. BY EDWARD C. STONE. Net earnings of the Washington Rapid Transit Co. in May were more than double the net income of the Sixteenth street bus line in the same month a year ago, according to the financial statement filed with the Public Utilities Commission today. It was the first May report.to be pre- sented by any of the local utility com- panies and showed a net income of $5572.40 against a net return of $2,142.52 in May of last year, a gain of $3,429.88. Washington's Rapid Transit’s oper- ating revenues in May totaled $40,- 39647 in comparison with $37,070.46 a year ago, an increase of $3,326.01. Operating expenses and taxes called for $33,051.12 against $32,767.81, an increase of $283.01, leaving an oper- ating income of $7.345.65 compared with $4.302.75 a year ago, or an ad- vance of $3,040. Non-operating income was prac- tically the same as a year ago. Gross stood at $7,416.93, while deductions from gross amounted to $1,844.53 against the higher figure in May, 1934, of $2,238.29, and leaving the above noted marked increase in net Tevenues. For the first five months of this year the bus company reported oper- ating revenues of $192,292.84, an oper- ating income of $28,586.72 after de- duction .of operating expenses and taxes, and a total net income of $19,- 745.67 against $9,862.06 a year ago in the same perlod, or a gain of $9.883.61. All the company reports are now well in the black figures, a very different story from two or three years ago. In those days nearly every report drew quite heavily on the red ink. Heavy Demand for Bonds. The Washington Stock Exchange opened the week with one of the biggest bond trading days in months, some $35,000 in senior securities changing hands. The day's heaviest trading was in Capital Traction 5s, 2 $20,000 turnover showing a half point advance in the price. These bonds opened at 96! and closed at 97, Anacostia & Potomac R. R. 5s fig- ured in three $3,000 sales at 88, up 5. Washington Ges Light 5s appeared on the board at 1057; and 106, around the high mark for the present year. City & Suburban 5s Sigured in a $10,000 transaction at 87. Capital Trensit stock opened the week with a 100-share sale at 181, eight more shares sellng slightly lower. Washington Railway & Elec- tric preferred moved at 106, a new high for 1935. Lanston Monotype stock was strong again today, sales being recorded at 61. Commission Amends Form A2, The Securities and Exchange Com- mission has adopted a rule under the securities act of 1933 amending in several respects the instruction book for form A-2 for corporations. The rule for the use of form A-2 was amended to make the form avail- able for use by any corporation filing profit and loss statements for three years, if it has furnished financial statements to its security holders an- nually for 10 years, or has shown a net income for any two of the last five years, except if it was organized within 10 years and issued a majority of its capital stock, or paid more than one- half of the proceeds thereof, to pra- moters for property or services. Prior to the amendment the form was applicable only if the corporatiou within the last 15 years had paid divi- dends upon any class of common stock for at least two consecutive years, Railroad Women Hold Big Jobs. Many railroad women employes have earned for themmselves interest- ing jobs according to the seventh an- nual women's number of the Balti- more & Ohio magazine. Ellen Raymond is assistant general freight agent, Green Bay & Western Railroad; Frances Dorothy Allen is interior decorator for the New York Central; Pearl Andrews is in charge of cookery on New Haven dining cars; Dr. Catherine Lankford is surgeon for the Pennsylvania Railroad; Daryle Heckman, Somerset, Pa., is law coun- sel for the Baltimore & Ohio, which also boasts seven women passenger representatives, a woman chief clerk of its law department and Olive W. Dennis, engineer of service. Jane Ogle is train hostess, Atlan- tic Coast Line; Carpenter Kendall is editor in chief of the Milwaukee Mag- azine, and Martha Moore edits the Frisco Lines Magazine. Brokerage Business Picks up. Daily stock and.bond quotations are being watched much more closely -in Washington’s New York Stock Exchange offices than they have been for several months. The attendance in the board rooms has doubled in the last two weeks and the gossip is very much more cheerful. Brokers here report that orders are on the increase, this announcement being supported by the volume figures for the whole country. The public is not jumping back into the market, but cautious investment is said to be growing steadily and the “in and out traders” are considerably more active. The recent improvement in both prices and volume was bound to be reflected by renewed Wall Street in- terest both in New York and else- ‘Wwhere. There is always a Summer lull in the stock market. Some market ob- servers are now predicting that the let-up this year may be less pro- nounced than usual. They base the assertion on the upward trend which has prevailed for the last month and partly on the apparent changed atti- tude in Congress toward the utility Novel Check Plan Adopted. Reports from New York state that the National Safety Bank & Trust Co. will inaugurate a revolutionary new system designed to aid the small de- positor Wednesday in the so-called “checkmaster plan.” The bank will charge 5 cents for each item depos- ited and for each check issued. The minimum balance will be dropped, as will the service charge. The only charge now will be the 5-cent per item ‘commission. Leo T. Crowley, chairman of the Pederal Deposit Insurance Corp., is- sued a statement today saying that insurance of bank deposits does not two | THE EVENING STAR, WASHINGTON, D. C. MONDAY, JUNE 24, 1935. FINANCIAL. TRANSACTIONS ON.THE NEW YORK STOCK EXCHANGE STOCK AVERAGES Compiled by the Assoclated Press. 374 55 % 90 334% ll’/- ldfi\i 20% 1% 7 30% 154% 127% 6% 51% 224 70% 5% 27% 64y 32% 144 20% 45% 3% 33% 26% 1n7 144 18'% 94 43 70 140% 244 130% 91 918 140% 19% 14% 7315 9% 51 5% 18'% 17% 428 106% 115 90 1314 171 1% 40'% 34% % 42% 1% 4% 19% 222 5% 18% 105% 19% 94 By fllhm‘h‘hntllfl. Bales— Add 00. High. Low. 708 35% 36% 3 Dlvmend n.-u 32 Abrm Strauss (11). pe(7) lOl 112 52 Acme Steel ( 4% Adams Expre 84% Adams Expr pf (5). 28 Adams Millis (2).. 8 Addressog'ph alse. 415 Advance Rumley. .. 104% Alr Reduction (13). 15% Alaska Jun (160¢2). 1% Albany Wrap Paper % Alleg Corp (d). 2% Alleg D(Vt;.‘low(d)q 21 Allegheny Stl (1)... 126 Allled Chem (6). 1221 Allied Chem pf (7). 314 Allied Stores 49 Allled Stores pf. 12 Allls-Chalmers.... 48% Amerada Corp (2).. 41% Am Ag Cem Del(2). 13% Am Bank Note..... 43 Am Bank N pf (3). 21 Am BrShoe (1).... 110 AmCan (t4) 10 Am Car & Foundry. 25'% Am Car & Found pf. 23% Am Colortype. 223% Am Comel Alcol 6% Am Crystal Snga; 57% Am Cryst S pf (a3), % Am Encaustic (d).. 2 Am & Foreign Pwr., 12 Am & For Pw $6 pf. 14 Am & For Pw $7 pf. 3% Am & For Pw 2d pf. 2% Am Hide & Leather 17 Am Hide & Lpf.... 291% Am Home Pr (2.40) S AmIce.....coinnne 415 Am International. .. 32 Am Locomotive pf. 1814 Am Mch & Fy (80c) 44 Am Mach & M etf.. 114 Am Power & Lixht. 8% Am Pwr & Lt $5 pf. 10% Am Pwr & Lt $6 M 103% Am Radiator. ... 15% Am Rolling Mills. | 66 Am Safety Raz (5). 4% Am Seating........ 20 Am Shipbldg (2) 315 Am Smelt & Ref 103" AmS&R6% pf t 121 Am S&R 7% pt 12 Am Steel Foundry.. 88 Am Stl Fdry pf (2). 3315 Am Stores (12).... 5515 Am Sugar (2). 1263 Am Sugar pf (7) 18t Am Sum Tob (1) 987 Am Tel & Tel (9) 7215 Am Tobacco (5)... 74% Am Tobacco B (5).3 129'% Am Tobacco pf (6). 9 Am Type Fd pf (d). 71 Am Wat Wks (80c) 48 Am Wat W 47 Am Woolen 8514 Am Woolen pf..... $ Am Zinc& Lead... 8 Anaconda Copper... 121 Anchor Cap (60c)... 36 Archer Dan M (t1). 97 Armour Del pt (7). 3% Armour of Ilinofs. % Armour I11 pr pf (§) 4 Arnold Constable T4 Asso Dry Good 48 AssoDG 2dpf 35% Atch To&S F (b2). 66% Atch To&S F pf (5) 1915 Atlantic Coast Line 6 Atl Gulf & W Ind pf 21% Atlantic Ref (1 111 Atlas P pf(6)calied. Auburn Auto. 351 Austin Npf A (2).. 3 Aviation Corp Del. . 1'¢ Baldwin Loco (d).. 713 Baldwin Loc pt (d), 713 Baltimore & Ohlo. . 914 Baltimore & Ohlo pf 361« Bang & Aroos (214) 31 Barker Brothers. .. 32 Barker Brothers pf. 5% Barnsdall Corp. ... 371 Bayuk Clgar (50¢) 107% Bayuk C 1st pf (7). 72 Beech-Nut P (13).. 11% Belding-Hem (ab0¢c) 11% Bendix Aviation... 15% Beneficial Loan 1“ 34 Best & Co (2). 21% Bethlehem Steel. 55% Bethlehem St pf... 14% Bigelow-San Corp. 94 Blaw-Knox,.. 6% Boeing Airplan 48 Bohn Alum&Br (!). 90 Bon Ami (A)(14).. 21 Borden Co (1. IO) 28% Borg Warn 814 Bridgep't Bra: 24 Briggs Mfg ( 28% Briggs & Strat (3). 30% Bristol-Myers (12). 3612 Bklyn-Man i'r (3).. 90 Bklyn-Man T pf (6) ‘43 Bklyn Union Gas(5} 4 Brunswick-Balke... 4% Bucyrus Erle. 8% Bucyrus Erfe ev Df. 3% Budd (EG) Mfg... 28 Budd (EG) Mfgpf. 21% Bidd Wheel. 8% Bullard Co. 3 Burns Bros p 18% Burr Add M (60c).. 1 Bush Terminal (d). 5% Bush Term deb (d). 10 Bush Term-Bpf cod. 1% Butte Copper & Zinc % Butterick Co (d).es 11% Byers (A M).. 32 Byers (A M) of 33% California Pkg (1% % Callahan Zine... 214 Calumet & Hecla. .. T4 Campbell-Wy (a20¢) 8% Can Dry G A (40¢). 9% Canadian Pacific. .. 4% Capital Admin (A). 3215 Cap Adm pf A (3).. 85 CarClin&O 511(5). 45% Case (J 1) Co.. 8314 Case (J 1) pf (4)... 3614 Caterpillar Tr(1). 19% Celanese Corp. .... 11% Celotex Co pf (d) 22% Cent Aguire (1%). 38% Cerro de Pasco (2). 3% Certain-Teed Prod 23 Certain-teed P of.. 374 Ches & Ohio (2.80). 36 Chesapeake Corp(3) % Chi&East 111 pf(d). % Chi & Gt Westn(d).. 1% Chi GtWestn-pf(d).. 15% Chi Mail Order (1) % Chi Mil St P & Pac.. % Chi Mil StP&Pac pf. 2% Chi & Northwest. .. 4% Chi & Northwest of. 4% Chi Pneumatic Tool 20 Chi Pneu Tool pf... 1 ChiRI&Pac(d) 25% Chickasha CO (2). 3% Childs Co. 9 Chile Copper. 81 Chrysler Corp (11). 20 City Ice & Fuel (2). 87 Citylce& F of 63%. 28% Clev Graph Br (1), 161% Coca-Cola (8)....us 538% Coca-Cola (A)(3).. 15% Colgate-P-P (50¢).. 101 Colgate-P-P pf (§). 9 Collins & Atkma: 69% Collins & Alk pf (7) % Colo Fuel &1Ir (d).. 5 ColoF&1Ipf (d)... 6% Colo & South 2d pf. 3% Col Gas & Ele . 35% Col G& E pf A (6). 341% Colum Plevte (1) 67 Colum Carbon (4).. 391 Comel Credit (3)... 56% Comel Inv Tr (13).. 17% Comcl Solv (160¢c).. % Comw & Southern. . 29% Comw & Sou pf (3). 27 Congoleum-N (1.60) 9 Congress Cigar.... 23% Conn Ry & Lt (d") 14% Cons Film pt [y 16% Consol Gas N Y (1) 72% Consol Gas pf (5).. 1% Consol Laundri 6% Consol Ofl..... 2% Consol R R Cuba Df 15 Consol Textile. ... 8% Container Corp (A) 2% Container Corp (B) 4% Contl Baking (A).. 46% Contl Baking of (4) m Contl Can (2.40 Contl Dia F. luk) m‘cmx Ins (+1.20). . % Contl Motors. . 15% Contl O Del (ll‘i%l Bx 13) u 208 4 6 16 1 12 1 ° -6 1 } 1543 152 112 52 614 87% 31% 1i% 9 144% 16% 1% 1 4% 29% S'A 87% 31% 11% 94 144% 16% 1% 1 us 20% 152 - =2% 1127% 121“ lZ'lK + u 33 408 121 6 45 20 14 es BT TA N PO R 0 B3 ae 355 6\ 22% €8 45 16% 121 1 4'5 207 27% 8% 43, 225 1384% 16% - % + % 91% ~1% 37 0% — w 1384 —1% 21% + & 127% —1% 90 92% -1% 187 -2y4 13% - % 13% — 4 M 4% L+ ++ " F F PREEZ L +1+0 4+ FES FP FEEFEFT > EFEFy b1% +2% 38 — % k) 3%~ % 18% — % 10% 10% —~ 1 8% 41 90 -2 56% — % 100 49% + 24% + FEEEEFES EFTEFPN FEEFR = . 1038 1093 105 1us Indust. Steck and Low. Dividend Rate.. 35% Cream of Wh (12).. 12 Crosley Rad (a25¢) 23% CrownC &S (1)... 43% Crown C&S pf(2.70) 3% Crown Zelleb'k vte.. 14 Crucible Steel 47% Crucible Steel pf. 1 Cuba Co.... 5% Cuban-Am Sugar... 40% Cuban-Am Sug pf, 40 Cudahy Pkg (23%).. 15 Curtis Publishing. 89% Curtis Pub pf (7) 2 Curtiss Wright.... 614 Curtiss Wright (A) 16 Cutler Hammer.... 6 Davega Stores 22% Deere & Co. 19 Deere&Co pf 284 Delaware & Hudson 11 Del Lack & West... 1% Den& RG W pf...s 65 Detroit Edison (4).. 36 Devoe&R.. A (1) 264 Diamond Mat (11).y 2414 Dome Mines (12)... 6% Dominion Stores. ... 17% Douglas Alreraft... 2 Dunhill Internatl, .. 12% Duplan Silk (1) 103 . Duplan Silk pf (8).. #6% Du Pont de N (2.60) 104 . Duquesne Lt 1st (5) _— 149% 214% 29 uz 8% W% 14 16% 83 Eastern Roll M1 110%; Eastman Koad (6) 16% Eaton Mfg (1) 19% Blectric Auto Lite,. 107 Elec Auto Lite pf 7. 3% Electric Boat. " Elec & Mus Ind. m Elec Pwr & Light. .. 2% Elec Pwr&Lt 36 pf.) 3 Eleec Pwr&Lt 37 of.. 39 Elec Stor Bat (2%) 52% Endicott-John (3).. 1% Engineers Pub Sve. 14 Eng Pub Sve $5 pf.. 14% Eng P S $5.50 of ww 15% Eng Pub Svc $6 pf.. T Erie R R. 8% Erie R R 18t p! 6% Erie R R 2d pf. " 10 Eureka Vac C1(80c) 15 Evans Prod (al)... 2 Exchange Buffet... R 9%, 25% 13y 6% 1% 36% 112 18% 94T 12 117', 1 !‘i 30 106 2% 30 2 1015 A% 35% 21% 12% 32% % Fairbanks Co. 4 Fairbanks Co pr. 17 Fairbanks-Morse. 5% Fed Lt & Trac....e 3% Fed Motor T(a10e). 1% Fed Water Sve (A 2814 Fid Ph F In (+1.20 106% Filene'sS pf (6%) 13W Firestone (40c) 8413 Firestone pf A (6). 45% First Nat Strs(23%) 214 Follansbee Bros(d). 20% Food Mach (1). 9% Foster-Wheeler 60% Foster-Wheeler 2% Foundation Co 19% Fourth Nat In 8% Fox Film (A) 17% Freeport-Te 4% Fuller Co 2d pf. 7% Gabriel Co (A). 5% Gen Am Investo: 84% Gen Am In pf ww 6. 324 Gen Am Trans(1%) 11% Gen Asphalt 4 Gen Cable (A) 50 Gen Cigar (t4). 20% Gen Electrie ( 32% Gen Foods (1.80). 14 Gen Gas & El (A) 59% Gen Mills (3). 26% Gen Motors (1 107% Gen Motors pf (6).. % Gen Outdoor Adv... 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).. % Gen Realty & Util,, 16% Gen Refractorie: 16% Gen Refrac ctfs. 12 Gillett Saf Ras (1). 70% Gillett Stf R pt (§). 24 Gimbel Bros. .. 23% Glidden Co (1) 104% Glidden Co pr pf ('I) 1% Gobel (Adolf) (d).. 14% Gold Dust (1.20). 7% Goodrich (B F). 40 Goodrich (B F) pf.. 15% Goodyear T& R.. 2% Gotham Silk Hose 20 Gotham Silk H pf 1% Graham-Pai; 5% Granby Consol. 2% Grand Unfon....... 14% Grand Union pf 1%. 26 Grant (WT) (t1).. 9% Great Northern pf.. 9% Great Nor Ore (50¢) 26% Grt West Sug (2.40) ————eee. % 9% 75% 108 9% 100 4 Hall W F Printing. 6% Hamilton Watch... 63 Hamilton Watch'of 101 Hanna (M A)pf(7). 5% Hat Corp of Amer.. 81 HatCopfww (6%). 1% Hayes Body....... 5 Hazel Atlas Gl (5). Hercules Mot (60c) 307% Houd-Hersh A 61 Houdaille-Hersh B. 9% Houston Oil.. 1% Houston Oi1 (mw). 43 Howe Sound (3) 2% Hudson & Manhat 6% Hudson Motor Car, % Hupp Motors. 2315 Indus Rayon ¢ 60% Ingersoll-Rand 46% Inland Steel (2).... 2% Inspiration Copper. 4 Insur Shet Md 14c.. 8% Interboro R T (d).+ 1% Intercontl Rubber. 2% Int Agricultural 42% 26 Int Agricul prpf... 184% 6% 33 45% 2% 8% 20% 130 12 59 57% 125 3 8% 124 20% 2% 18% 19 " 16% 184 2% % Sy 149% Int Bus Mach (16) 3% Ing Carriers Ltd 20¢ 22% Int Cement (1) . 34% Int Harvester 1% Int Hydro Elec (A). 1% Int Merch Marin 223 Int Nick Can (60¢). 124% Int Nick Can pf (7). 4% Int Paper & Pw pf. 21% Int Print Ink (1 98% Int Print Ink pf (6) 2% Int Rys C A(A)ctfs 9% ‘Int Rys Cent Am pt 29 IntSalt (1%).... 42% Int Shoe (2) Int Silver. 24 e) . 25 Island Creek C (2). 49 Jewel Tea (3)..... 38% Johns-Manv (a2fe) . 117% Johns-Manv pf (¢7) 50 Jones&Laugh 7%pt 3% Kans City Southern 7% Kaufm'n D S(as0c) 16% Kayser(J)& Co §0c. % Kally-Spring T (d). 6 KellyST 6% pf(d). 6 Kelsey-Hayes (A). ‘8% Kelsey-Hayes (B). ‘1? Kelvinator. ‘(&“fl;. Kennecott Kinney (G R) Co.us 19% Kresge (88)(1). . ’ 15 Ralls, Util, Stocks. -1 Bales— Add 0: High. 15 Unch. 329 329 5% 42 104% 104% 2% 2% % 21% TH 20% 8% 27% 23% 31% 107% 107% 2 105% 104 120 S - - E TP - - 5 - 10 03 19 O 00 59 14 i O 20, 1108 1 80s 3 2 111% 110% 110% 110% 15 15 9% W% 2% 20% 1% 19% 10% 29% 4% 4% —3 449 452 9% 9% 9+ W +5% 81 81 107 8 100 2% 108 8% los 81 103 ot mw.xu; + % 100 100 +u 10 23% 234 28% — % 3 408 3 15 3 83 e ®mi e e mE o - 3 2 6 6 1508 82% 126 111 9% 37% 14% 15 3% 33% 33 83 41 183 1814 182% +1% 6% - 6 L + 81% 82% +1% 126 125 110% 111 % M - % 37% — W % - % 15 2% + % 9% - % 3 % 1% - % 4% - % 63% -1% 2% 27T + % 92 66% +1 3 + 4 12% 2 34" % 30% 30K 304 - W 46% 45% 2w 2 2% 127 8 24% !I % 80s HM% 10:'6 lfl:% » 5% 2 2‘ 12 - % 24 2%+ % 284 . 2% 2T% 128" 128 -1 * 33% - % lg - % 18% + % 68 + % 10% - % 11 28 0 53% um m !NK 6% 1% 19% 1% 18% 17 + +1 % %+ % Stock and High. ' Low. Dividend Rate.. 113 103 * Kresge (S 8) pf (1) 28% 224 Kroger Gr&Bk 1.60 24 Lambert Co (3). 1% Lehigh Valley Coal. 5% Lehigh Val Coal pf. 5 Lehigh Valley RR. o'm Lehman C (12.40).. % Lehn & Fink (l“ ) 21%.L1b-O-Ford G1 1.20 21 Life Saver (1.60)... 94Y% Ligg & Myers (14).. 1i3% 9% Lise & MyeraB(14) 1673% 151% Lisg & Myers pf ( 101 1614 Lity Tully Copisn) 10% Louf. “E(A)l*‘ 12% Ludlum Steel...... 28 McCall Corp (2)...: T4 McCrory Stores(d).. 614 McCrory Strs B(d), 74 MoGraw Hill Pub. .. 5% 36% Mclntyre Porcu.(3): 5% McKesson & Rob. .. 82 McKeason & Rob pf 8% McLellan Stores. . . 85% McLellan Stores pf. 18% Mack Truck (1).... 30% Macy (R H)& Co(3) 18% Magma Copper (2). % Mallison & Co... 5 Mallison & Co pf. % Manati Sugar (d).. 4 Manati Sug pf (d).. ll\‘ Man El md gtd(d).. rancha Corp. 5% % Market St Ry, 3% Market St Ry pr pf. 20 Marlin-Rockwell(2) 6% Marshall Field..... 23% Mathieson Alk(13%) 150 136 Mathieson A pf ('l). 44% 35% May Dept Str (1. % 5% MaytagCo......... 33 Maytag pf ww $23%. 1 84% Maytag ist pf (6).. 160s 41 Melville Shoe (12). 5 3 Mengel Co.... 1 20% Mengel Copf....... 30s 24% Mesta Mach (1%).. 3 9% Mid-Cont Petalbe.. 10 8% Midland Steel Prod. 102 6034 Midl'd Stl 18t p£(8). 20s 3% Minn Moline Po Minn Moline Pow p! % Minn & St L (d). % MStP&S S Marle 10% Mission Corp. . 2% Mo Kans & Texa. 5% Mo Kans & Tex pf. 55 Monsanto C (1). 21% Montgomery Wart 36% Mullins Mfg pt 4% Murray Corp. 30 Myer(FE)&CH 1 28 107 39 22% Nat Biscuit (1 50) . 13% Nat Cash Reg A §0c 12% Nat Daliry Prod 1.20 Dept Stores d).. t DepS1st p£(d) 434 Newberry(J J) 1 60 4% Newport Industries Chi&StL Df. . H & Hartforé H & Hart pf. ntario & West Shipbuilding. . Y Steam pf (6).. 97 79 NY Steam 18t (7).. 43 30% Noranda Mines (2). 175 158 Norfolk & W (18 4 2 North Am Aviatio; 18% 9 North Anf'Co (1) 50 35% North Am Co pf (2) 88 57 North Am Ed pf (6) 21% 13% Northern Pacific... 2% 1% Norwalk Tire&Rub _— 14% 9% Ohlo Ol (a15¢).. 4% 1 Oliver Farm Equi % 4% Oppenheim Collins. 20% 114 Otis Elevator (60¢) 5 9 1 1 N N O 3 408 60s 33 2 3% Pacific Coast 1st 13% PaclicG& B (1%). 19 Pacific Ltg (2.40).. !Ufi 102&6 70 Pacific Tel & Tel (6) 50s 104 9% 5% 1% 7 Pac WnOil (b40c). 1 3% Packard Motor..... 9§ 1 Panhandle Prod&R. 21 Par Public cod (4) 2% Park Utah. % Parmelee Transp 3 Pathe Ex:hlfl‘.. et 8% Patino Min 6414 Penick & Ford (3) 761 57% Penney (JC)(2)..u 110 103% Penney (J C)pf(6). 4% 2% Penn Coal & Coke.. 5% 3 Penn Dixie Cement. 26% 17% PennRR (1).. 39% 30 PeoplesDS (t1) % G 11% 20% 38 63% [3 4% 53% 23 23 Phila Co 6% pf (3).. 384 Phila Co pf (6) new 3% Phila Rap Tr pt (d) 1% Phila & Read C& 1. 35% Philip Morris (1)... 13% Phillips Petrol (1). 'l 81 Pillsbury Flour 1.60 10% 7 PittsCoal...... 178 172 Pitts FWAC B (7). 9 5% Pitts Screw & Bolt.. 35 . 224 Pitts Steel pf. 15 10% Pitts Term C 37% 243 Pitts United C pf 4% Postal Tel&C pf(d)s S Pr ed St1 Car(d).. StICpf(d)s 42% Proc & Gamb (1%). 15 120\ 116 Proc & Gam pf (5). 1008 20% Pub Sve NJ (2.40). 42 62% PubSveNJpf(5). 5 73 PubSveNJpf(6). 3 52% 34 Pullmanine (3)... 42 884 4 Radio Corporation 36% Radio Corp pf B. 1% Radio-Keith-Or (d). 4% RRSeclliCent.... 16% Raybestos-Man (1) 29% Reading (2). ‘e 314 Real Silk Hoslery. . 7 Remington-Rand... 71% Remington-R 1st pf 70 Remington-R 2d pf. 2% Reo Motor Car. 9 Republic Steel. 28% 12% ) 43% Reynolds Tob B (3) ope Ltd. BAR SILVER PRICE DROPS 134 CENTS! Sharpest Recession for Single Day Since Early in May Follows Decline at London. By th+ Associated Press. NEW YORK, June 24—In thé single day's decline since ty ar, the price’of-imported bar Aad 00 Low. “l 1::\‘ 109 41% Prev, 1035 100% + % | 43% 28% 29 + % . 111% 104% Safeway Strs pf (6) 308 112% 112% 112% + % ll‘Vg 119 Safeway Strspf (1) 20s ll:“ 1114. llll/. lll% mv. + 'A 1113 111 .. n‘sm 187 '25 158 28%, 149 132° Sou 20% 19% FRER F REERR 102". 321y T 407 3 10% 10 % 6 5 21 69% 5034 63 204 ™ % 1% 218% 31 3 4% 39 T9% 66 66 73% +1 FLEFEEEFES FF F +|+++l| 9% L | 82% A% 42 29 21% 4% | extra. vear. 27% 120 114 Walgreen pf (6%). Dividend rates as given in the above table are cash payments based on the latest quarterly or half-yearly declarations. . “sUnit of trading less than 100 shares. Stock and ividend Rate.. Divide: 20% Roy’l D b1.35 3-10c. 36% Safeway Stores (3). 20 40 9% 10% gtlol-nll LA (40¢) Sears Roeb’k(aTbc) 107 40 Sec Nat Invpt 313 loor-’ 7% Servel Ing......v0s 9 Sharon Steel Hoop. 3% Sharp & Dolime. . . T% Shattuck (F G) 35e. 5% Shell Union Ofl,.. 634 S Union OH p! 8% Silver King C ( 6 Simmons Co 13% Simms Pet (a50c. 6% Skelly Oil..... 60 Skelly Oll pf ww. 24 Sloss-Sheffield flf.d 15% Snider Packing. . 11 Socomy-Vac (60e).. 20 - Sou Porto & Sug (2) 'orto R 8 pf (3] 10% South Cal Ed (1%). 12% Southern Paéific.. . T5% Southern Railway.. 25'% So Ry M & O cfs (4) 59% Spang Chalf pf ($2) 8% Sparks-Withington. 82 Spencr Kellogg 1.60 7% Sperry vic (-zse).. 81 Spicer Mfg.... 334 Spicer MIg pf (3).. 43% Splegel-May-Btern, 19% 13% Stand Brands (1).. 130_ 122% Stand Brands pf (7) 1'% Stand Gas & Elec... 1 Stand Inv Corp..... 27% Stand Oil of Cal (1) 23 * Stand Ofl of Ind (1) 35% Stand Oil N J (t1). 12 Starrett (L S) a25c. 58% Sterling Prod (3.80) 6% Stewart-Warner.,. 215 Stone & Webster... 2% Studebaker COTp. . 11 Superheater (50c).. 5 Superlor Steel..... 1% Symington (A)(d). 13% Thatcher M (a50c). 614 The Fair pf (18%) 2% Thermotd Co,.....: 5 Thomp'n(JR)(50¢). 13% Thompson Products 13% Thompson Starrett. 7% Tide Wat Asso Ofl.. 84 Tide Wat A O pf(§) 26% Tide Wat O (as5¢c). 106% 100 Tide Wat Oil pf (5). 4% Timken-Detroit.... 28% Timken R B (11)... 4% Transamerica(25¢ T% Trans & West'n Air 5% Transue & Williams 1% Tri-Contl Corp. 31 Truscon Steel % Twin City & T. 18 TwinCity RT pf 653% Und-Ell-Fisher (2). 29 Union Bag&Pap (2) 44 UnCarb&C 1.60 14% Un Oil of Cal (1) 4+ 82'4 Un Pacific (§) 79'% Un Pacific pf . 20% Un Tank Car (1.2 9% United Alrcraft 4% United Alr Livte.., 7 United Am Bosch.. 20% United Bisa (1.60) . 46 United Carbon 2 114 United Corp.. 20%, United Corp pf (3). 8% United Drug. . 3% United Elec Coa 71% United Fruit (3 9% United Gas Imp (1) 2is Unit Paperb'd (d).. 1% United Pce D W. 10 Unit Plece D W pf. 6 U S Distributing pf 4% U S & For'n Secur.. 11 USFreight (1).... 40% U S Gypsum (1)... 35% U S Ind Alcobol (2) Ti% U S Leather(A) vtc. 14% U S Pipe & F (50c). 3 US Realty & Imp 94 U S Rubber.... 24%% U S Rubber 18t pf.. 95 USSmelt&R (a4). 62% USSm& R pt (I‘h) 2714 U S Steel.... 78% U S Steel pf (2).... 31 United Stores (A).. 51 Univ Leaf Tob (12). 1% Univ Pipe & Rad... 12 Univ Pipe & Rad pt 120s 1 UtlPwr&Lt(A).. 49 % Vadsco Sales Corp.. 11% Vanadium Corp.... 91 Van Raalte 1st pf 84 Vick Chem (12) 2% VaEl & Pw pt ( 26% Walgreen Co (1.20) 1% Walworth Co... 1\ 2% Warner Bros Pic... 144 Warner Bros Pic pf % Warner-Quinlan 215 Warren Bros. 30% Wesson O&S(t50¢c). 72 Wesson O & Spf4.. 34 West Pa Elec (1) A 36 West Pa Elec pf (6) 39% West Pa Elec pf (1) Pa Pw pf (7). 2% Western Pacific pf. 20% Western Union.... 18 Westingh'se A B 50t 32% Westingh'se Elec... 10 Weston Elec Ins 16% Westvaco Chi (40¢c) 14% Wheeling Steel. ... 46% Wheel Steel pf(31). 6% White Motor. . 13% White R'k M S 1.40, 6 White Sew Mch pf.. 3% Wiison & Coal2%e 58 Wilson & Co pf (8). 51 Woolworth (2.40).. 11% Worthington Pump 26% Worth Pumppf A.. 20 Worth Pump pf B.. 78% Wrigley W jr (13). 2% Yellow Truck.. 31% Yellow Truck pf. 18 YoungSp& W (11). 13 Youngstown S&T.. 27% 17 3% 2% Zonite Products.... 2 3% » 850,000 12:00 Noon. . « 790,000 2:00 P.M.. . Total sales for the day. 1,120,000 tAccumulated dividends. aPaid this year. oom 1 41% 41% ‘l%# % 39% 114 18% - ’A-"M 1% + % 9% +~ % | Declines” ++ LERE Al +I+ll * | tion, + | impossible at present. 101 2T% 2T% 4+ % Y 11T% ll'lfh + 4 - % 24% —1% %¥% A-15 STOCKS ARE MIXED AT SESSION'S END Firm and Soft Spots About Evenly Divided—Many Leaders Narrow. What Stocks lfl: 5, . sat A Advances . bt 100 187 761 BY VICTOR EUBANK, Associated Press Pinancial Writer. NEW YORK, June 24.—Some profit taking came into today's stock mar- ke!, but the list, 25 a whol parently acted wcll enough to the financial sector Many of the leaders moved m an extremely narrow rauge. Firm and soft spots were about evenly divided. The close was somewhat irregular, Trensfers approximated 1,150,000 shares. There was little change in trade news or the Washington picture. Retail sales, however, seemed to be holding their own. Sears-Roebuck. business for the four weeks ended June 18 was 29.1 per cent ahead of the corresponding 1934 period. The American Iron and Steel Institute estimated current production at 37.7 per -cent of capacity, compared with 38.3 per cent in the previous -week. While this was the lowest figure since December, the decline was said to be about seasonal. Grains were mixed, with corn im- proved. Cotton was backward. Sec- ondary rail bonds were still in favor. The gold currencies moved against. the dollar in foreign exchange deal- ings. Shares of Cuban American Sugar got up 4 points on a small turnover, Others, fractionally to a point higher, included South Puerto Rico Sugar, American Crystal Sugar, Consolidated Gas, United Corp. preferred, Sears, Roebuck: Union Pacific, United Fruit and Penick & Ford. Such issues as United States Steel, International Harvester, General Motors, Chrysler, General Electric, Westinghouse, New. York Central and Santa Fe were a shade up or down. Losses of 1 to around 2 points were | registered by United States Smelting, American Can, American Tobacco “B,” American Telephone, Noranda Mines and McIntyre Porcupine. Unchanged . ID()LLAR TENDS HIGHER IN LONDON DEALINGS By the Associated Press. LONDON, June 24.—The United States dollar closed officially on the foreign exchange market today at 4.94 to the pound, as compared to the Saturday New York close of 4.94!%. The French franc closed at 74.63 to the pound, as compared to the Satur- day close, 74.60. PARIS, Junc 24 (#).—Three per cent rentes, 79 francs 50 centimes; 413 per cent rentes, 84.65. Exchange on London., 74.59. dollar was quoted at 15.10. Chicago Grain By the Associated Press. CHICAGO, June 24 —Indications of urgent need of dry, hot weather for corn gave an undertone of strength ‘The % |to grain markets today the greater part of the time. Corn fields throughout wide are: were reported as in a muddy condi- making cultivation difficult or Hedging pres- sure of newly harvested domestic Win- ter wheat was less today than had been expected, and this did much toward the last to temper bearish 4 | sentiment, Corn closed firm, 14-1% .above Saturday’s finish; Sept., - 75%a3;; wheat 24-7 down; Sept., 80jaly; oats unchanged to & higher and pro- visions varying from 10 cents decline to 12 cents gain. WHEAT— Open. High. Low. ~Clote. Chicago Cash Market. Cash wheat, No. 2, red, 82-82!;; No. 2, yellow, hard, 90; No. 2, mixed, 89; corn, No. 2 mixed, 85!; No. 2. yellow, 8515-8612; No. 4, yellow, 833 No. 4, white, 87}2; No, 2, white, 89} sample grade, 75-78; oats, No. 2, white, 403-41; No. 3, white, 38%- 40!2; sample grade, 37; no rye; no buckwheat; no soybeans; barley, !, | nominal, feed, 45-50; malting, 80-1.00; 2T% =1% 17 B+ h Approximate Sales of Stocks on the N. Y. Stock Emchange. 11:00 AM... 1:00 P.M.... 620,000 940,000 the annuai’ tAnnual. rate pius bPaid last dCompanies reported in receivership or being reorganized. xEx dividen moderately lower. Hongkong dollars declined 1 cent to. 57 cents, while Shanghai funds were 3 of a cent lower at 40.25 cents. The Mexican | peso was- quoted unchanged at 27.90 unfil nominal. On the Stock Ex- change silver jssues were about steady. SAFEWAY STORE SALES FAR AHEAD OF YEAR AGO By the Associated Press. . NEW YORK, June 34 .—Safeway Stores System reports sales for .the four weeks ended June 15 of $21,911,- 168 against $19,000,462 for the like period last year, an increase of fl.S per cent. GLIDDEN RIGHTS TENDERED. NEW YORK, June 24 (#)—Glidden Co. is tendering rights to common NEW YORK BANK STOCKS RISE SLIGHTLY IN WEEK Special Dispatch to The Star. NEW YORK, June 24—New York City bank stocks registered further improvement during the last week, ac- cordlnl to newll compiled by Hoit, Th utrecwe value of 16 leading issues totaled $1,325,189,000 on June 21, compared with $1,321,025,000 on June 14, an increase for the week of $4,164,000 or 0,32 per cent. The cirrent average yleld of the 16 issues of 5.19 per cent compares with a yield of 5.21 per cent on June 14, The current market value is now 1.09 times the known book value. VISIBLE GRAIN SUPPLY. NEW YORK, June 24 (P)—The supply of . American visible grain shows the following changes in bush- v els: Wheat decreased 949,000; carn de- creased 267,000; oats decreased 543,- 000; rye m 331,000; barley de-<| creased 636,000, timothy seed, per hundredweight, 6.75-7.25; clover seed, per hundred- weight, 12.00-17.00. nm-ne Qnuu-n ). —Clos red Winter. sariicis. spot June, 83. FOREIGN HAB.K.ETS. ny the Anoemed Press. N pTrading was cheerful at the fi"m’ of the new account an the Stock Exchange today. Industrial #old mining shares were e most "active. ' Gilt-cdued socurities 811 “{rans-Atl issues were better. but rubber and oil shares remained uncertain. The market_ closed steady. 18 —Renewed activity in _Wall Strect Belped brics to. ndvance on b urse today. with electric. copper and ares leading the market. The clos- & quiet opening. very vas iransacted on the The closing was inactive. . FOREIGN EXCHANGES. change steady; ‘Oreat Brisin i dala: Great Britain in others in_cents: at Bflulnb dm:nd 404 hnm raily in Itile business Boerse today. cables, de. Demands— Belgius 40.38; Holllnd. ”ll Sweden, 25 2.18! "om?nl. O enting ;g Sheng lt )! v \‘ in Montreal. fo'v 0% Bodas 83 tuture. ‘}‘ n‘% B Wol