Evening Star Newspaper, June 25, 1935, Page 14

_FINANCIAL. COLLECTIONS HOLD TR PAGE N CAPITAL % Low. Dlvlmhh.. 29.49, of Receivables Paid THE EVENING STAR, "WASHINGTON, D. C, TUESDAY, JUNE 25, 1935. ANSACTIONS ON THE NEW YORK STOCK EXCHANGE ummlmumm mlfifll Stock and PN'II!I Sales— Dividend Rate.. Low. Add 00. High. Low. uu..cu-. sm oA Lehman C (12.40).. il Repub Steel pf cod. 2 52% b1 52% + 17% 143% Lebn & Fink (1%). 92 75 RevereC& B pf. 9 32% 21% Lib-O-Ford G] 1.20. 24% 17% Reynolds Metal; 14 32 118% 93% Ligg & Myers B(14) 105 101 % 167% 151% Ligg & Myers pf (7) 23% 12% Reynolds Spr (40¢c) 56% Reynolds Tob (3).. 19% 16% Lily Tulip Cup(1%) 28% 17% Link Beit (60¢).... 43% Reynolds Tob B (3) 30% 21% Roan Antelope Ltd. FINANCIAL. STOCKS AREHEAVY AT SESSINS END “Blue Chip” Issues of Re- M‘ 0. Low. u—.a-. 5 7 9% T9% - % 5 15% 15% 16% — % 29 30% 20% 30% — % 9 111% 110% 111% + % 7157 157 157 118 18 18 3 27% 27T% 2% — % 7 314 30% 31 B4 41% 40% 41 - M Diyidend Rate.. add o 9, Xigh. Low. Close Ghgs. 1 A7 474 . 208 szv. 82 2 21% 21% 106% 20 59% 50% 27 STOCK AVERAGES Compiled by the Associated Press. 60 Util. Stocks. 55 52 Acme Steel (12)..0 4% Adams Express.... During Month, Report Reveals. ll'/q 28 Adams MHlis (2) 11% 8 Addressog'phalsc. BY EDWARD C. STONE. Collections held up well in Wash- 9% 4% Advance Rumley... 145% 104% Air Reduction (13). ington department stores during May, according to the latest retail trade re- 1% % Air-Way Elec Appl. 20% 15% Alaska Jun (¥60¢). port received today from the Federal Reserve Bank of Richmond, 29.4 per cent of the receivables due at the be- ginning of the month being paid. For the whole - fifth district the of receivables be- ing paid, while Baltimore reported 30.1 per cent. reported, AwertE. Fisher. the Capital was up 12.6 per cent; in was up about 1 per cent. In Rich- mond sales were off 1.7 per cent and in Baltimore down 6.6 per cent. For the first five months business in the Capital was up 12.6 per cent, in Richmond, 3 per cent. Baltimore, 0.8 per cent; in a group of other cities, 3.2 per cent, and in the whole fifth dis- trict, 6.1 per cent. Stocks on hand at the end of May were slightly lower in Washingtoa stores than at the same time last year and were off 1.4 per cent for the whole district, down 4.8 per cent in Baltimore, but up 4.8 per cent in Richmond. Stocks were turned .398 times in May in Washington department stcres and 1.743 times in the first five 30% 154% 1‘6 Alhllfl Wrap P-per Corp (d).... o Alh[ P w330w (). 2 Alleg pf w§40v/(d). 21 Allegheny Stl (1) 125 Allied Chem (6) 14 Alpha Port Cmt (1) 2% Amal Leather. . 26% Amal Leath pf (32). 48% Amerada Corp (2).. 41% Am Ag Cem Del(2). 7% 13% Am Bank Note. 125% 14e 168 20% 45% 33% 178 127!/. 17 144 4% 18% 94y 43 70% 43 Am Bank N pf (3).., 21 Am Br Shoe (1).. 119 Am Brake Sh pf(7). 110 AmCan (14). . 161% Am Can pf (7). 10 Am Car & Foundry. 256% Am Car & Found pt, 22% Am Comel Alcohol. 6% Am Crystal Sugar.. 57% Am Cryst S pf (a3) % Am Encaustic (d).. 2 Am & Foreign Pwr, 14 Am & For Pw $7 p! 3% Am & For Pw 2d pf. 8% Am Hawaitan SS(1) 8% Am Pwr & Lt $5 D!. 10% Am Pwr & Lt $6 pf. 10% Am Radiator. . 15% Am Rolling Mills 66 Am Safety Raz (5). 4% Am Seating v.t.c...o 20 Am Shipbldg (2). 31% Am Smelt & Ref.. .. 103 AmS&R6% pf 1133, 121 Am S&R 7% pf (7). 63 Am Snuff (13). 12 Am Steel Foundry.. 88 Am Stl Fary pf (2), 33% Am Stores (12) . 65% Am Sugar (2) 140% 126% Am Sugar pf (7). 10 31% 3 508 125% 125 €0 139% 1373 1381 -2% 7160 160 uo 9 39% 39 3 25 17 24% 16% 1108 121 2 1 4% 16% 39\( + % 23% — % 15 =% 121 1 4% - % 23% 14% 121 ! 4% 1934 low ... 1932 low. 1929 high 1927 low .. Prev. Higu. I 1938 Steck and Low. Dividend Rate.. 7 Contl Dia F (a30c). 28% Contl Ins (11.20)... % Cont] Motors...... 15% Contl O Del (a37%c 41% Corn Ex Bk&Tr (3) 76% 62 Corn Prod Ref (3). 22 e e e e 31 26 43% 19% 4% Coty IDC...coasenns 35% Cream of Wh (12).. 12% Crosley Rad (a25¢c) 3% Crown Zelleb’k vtc., 14 Crucible Steel..... 5% Cuban-Am Sugar. 40% Cuban-Am Sug ! 40 Cudahy Pkg (2%) 16 Curtis Publishing 891 Curtis Pub pf (7). 2 Curtiss Wright..... 63 Curtiss Wright (A) 16 Cutler Hammer.... 22% Deere & Co. 19 Deere&Co pt 28% Delaware & Hudson 11 Del Lack & W 4%/ 1% Den & R G W pi 91 2% 48% lolh 105% 181 8 149% 156 65 Detroit Edison 26'% Diamond Mat (1).; 34% Dome Mines (12)... 103 Duplan Silk pf 86% Du Pont le (2.60 126% Du Pont 3% Eastern Roll Mills. 110% Kastman Kod (6).. 141 Bastman Kod pf (6) 21% 16% Eaton Mfg (1).. Bales— AMOOM 12 9 8"% 4 28 3108 13 EREE FIEE b‘f‘ % LT o Gl EEEE PP FEX FREES 161% 1 106% 3 1% 4% Loyisiana Oil pt. 10% Louisv GEE(A)1% . 34 Loulsv & Nash n. 2% Ludium Steel. 40 McAndrews&F(12). 28 MecCall Corp (2)...y 7% McCrory Stores(d) .. 614 McCrory Strs B(d). 57% McCrory Strs pt (k) 36% Mcintyre Porcu (2) 90% McKeesport T P (4) =a..§. - 901t b 071 00 09 OV D b 1t 08 1 it - 18% Mack Truck ll)...- 30% Macy (R H)& Co(3) 5% Madison Sq Garden. 18% Magma Copper (2). % Mallison & Co... 4 Manati Sug pf (4). 13% Man El md gtd(d).., 1 1 Maracaibo Oil Exp. 1 4% Marancha Corp..... 2 5% Marine Midld (40¢) 11 3% Market St Ry pr pf. 400s 2% Market St Ry pf.... 20 Marlin-Rockwell(3) 6% Marshall Field. .. 8 23% Mathieson Alk(13%) 13 35% May Dept Str (1.60) 3 5% Maytag Co......... 1 41 Melville Shoe (12). 3 Mengel Co. 5 24% Mesta Mach (1%).. 2 214 Miami Coppe: 9% Mid-Cont Petaifo.. 19 8% Midland Steel Prod. 93 60% Midl'd Stl 1st pf(8). 120s 58 Minn Hon R (13). 111% 105 Minn H Reg pf 1(). 5% 3% Minn Moline Pow. .. 55% 31 Minn Moline Pow pt 3% . 1 MStP&SSMpt.. 16% 10% Mission Corp...... 14% 5% Mo Kans & Tex pf. 3 1% Mo Pacific (d). 1% Mo Pacific pf (d) 10% Mohawk C M. - -~ S8 - u 3 lfll 106% 1m % lli 40“ h.—u a1+ % 0% - % % (3 184 — % 41% -2% 16% +1 42% - % 6% 35% 12 20% 12% - % 15% +1 101% 984 +1% 109% —1% % - % 53 ~1% 3% — % 12% — % -% -% =1 56 MonsantoC (1). -2 46 36% Safeway Stores (3) Ill% 110 Safeway Strs pf (7) 28%, 149 2084 19% 116 27% 50% 17% 67 10% 6% 3 75% 121 21% 10% St Joseph L4 (40c). 1 StL-San ¥rpf (d). 8 Schulte R Strs pf 55 Scott Paper (1.30).. % Seaboard Air L (d). 20% Seab’d O Del (t60c) 81 Sears Roeb’k(albc) 40 Sec NatInvpf$ly 7% Servel Inc......... 9 Sharon Steel Hoop.. 7% Shattuck (F G) 25¢. 5% Shell Union O1l, ... 8% Silver King C (40c) 6 SimmonsCo....... 18% Simms Pet (a50c).. 6% Skelly Ofl........o 24 Sloss-Sheffield pf... 15% Snider Packing.... 11 Socony-Vac (60c)... 20 Sou Porto R Sug (2) 132 Sou Porto R S pf (3 10% South Cal £4 (1%). 12% Southern Pacific. .. 7% Southern Railway.. 10 Southern Rwy pf... 5 Spalding (AG).... 59% Spang Chalf pf (32) 31 Sparks-Withington 3% Spear & Co........ 32 Spencr Kellogg 1. 74 Sperry vtc (a25e) 815 Spicer Mfg.... 33% Spicer Mg pf (3).. 43% Splegel-May-Stern. 13% Stand Brands (1)... 2% Stand Com Tobleeo 27% Stand Oil of Cal 111 Stand Oil Exp pf(5) 23 Stand Oil of Ind (1) 35% Stand OfI N J (t1). 12% Starrett (L 8) a25c. 58% Sterling Prod (3.80) 6% Stewart-Warne: 2% Stone & Webs! 21 Studebaker Corp... 60% Sun Oil (11). 115% Sun Oil pf (6) 11 Superheater ( 39 cent Popularity Lead Drop of 1 to 2 or More. BY VICTOR EUBANK, Associated Press Pinancial Writer. NEW YORK, June 25.—Reaction overtook the stock market today in the wake of the news that the Presi- dent would insist upon enactment of his distribution-of-wealth tax pro- gram at the present congressional ses- sion. ‘The recently popular “blue chip” is- sues led the decline with losses of 1 to more than 2 points. The close was heavy. Transfers approximated 1,100,000 shares. In the face of general recessions, resistance was displayed by most of the rails and scattered specialties. After a first-hour selling flurry trad- ing slowed down appreciably. Some support was accorded various leaders in late dealings, but the majority were unable to come back to any great ex-- tent. Technical factors were said to have contributed to the downturn. Grains slid off moderately, but cot~ ton was rather steady. Bonds did not give much ground. Far Eastern silver currencies were weak. Imported bar silver at New York was lowered 34 of a cent an ounce to 69'; cents. Among shares that managed to hold gains were those of Santa Fe, Radio common and preferred B, Allied Chemical, Ludlum Steel and Midland Steel Products. Losers included American Can, Con~ tinental Can, U. S. Steel, American Telephone, Chrysler, General Motors, Air Reduction, Du Pont, Union Car- bide, International Business Machines, Johns-Manville, Westinghouse, U. S. Gypsum, Sears Roebuck, Consolidated Gas, U. 8. Smelting, Cerro de Pasco, Union Pacific and Western Union. 7% 3% Eitington-Schild 29 19% Electric Auto Lite.. 2 112 107 Elec Auto Lite pf 7, 109% lfl!% 109% +1% 6% 3% Electric Boat...... % - 3% 1% Elec Pwr & Light... 3 14 2% Elec Pwr&Lt $6 pf.: 12% - 16% 3 Klec Pwr&Lt 87 of.. 5 49% 39 Elec Stor Bat (2%) 1% % Elk Horn C pf (d).. 4% 22% 21% 22 21% Montgomery Ward. 567 Morrel & Co (3.60).. 17% Motor Products (1) T4 Motor Wheel (50c). 7 Mullins Mfg 36% Mullins Mfg 4% Murray Corp. 30 Myer(FE)&Co 1.60. % - % 3 1% Superior Ofl. months of the year. The average for 9% 5 Superior Steel the 31 department stores in the entire district was 1.587 times. Fisher Safe Deposit Head. Albert E. Fisher, who has just been elected chairman of the Safe Deposit 90 92 137% 34 12% 69% Th Chicago Grain : By the Associated Press. = CHICAGO, June 25.—Wheat prices sagged moderately today in a dull trade. Improved harvesting condi-: 5% 23% 36% 28% 4% 1214 2% Am Type Fdrs (d).. 14% Tk Am Wat Wks (30¢c), 7;:‘: 48 Am Wat W 1st (6). 51% 351 Am Woolen pf. a uq§n,~_.mn.uq,_‘ L+ 815 Tex Pac Land Trust Section of the District Bankers' Asso- ciation, has been in the employ of the Riggs Natignal Bank for 17 years and manager of the Safe Deposit Depart- ment since 1923. Born and educated in Washington, he was employed in the city post office for about 20 years, advancing from substitute clerk to secretary to the postmaster. He is & holder of the standard and post-graduate certifi- cates of Washington €hapter, Ameri- can Institute of Banking, and has al- ‘ways taken wide interest in institute work. He was vice chairman of the safe deposit section last year and succeeds Richard E. Harris of the American Security & Trust Co., who becomes a member of the Advisory Council. Registration Date Extended. ‘The Securities and Exchange Com- mission has extended until July 15 the effectivk date of permanent registra- tion of all securitfes temporarily reg- istered on the national securities ex- changes. The date had been June 30. About 900 securities not registered will benefit by the additional time. Most of them are on the smaller ex- changes. The time was extended to avoid confusion, the commission an- nounced. It had been predicted here for several days that such action would have to be taken. Most of the corporations having securities on the ‘Washington Stock Exchange have al- :‘eldy applied for permanent registra- lon. Another announcement of great im- portance comes from the Senate Banking and Currency Subcommittee, which transmitted a report to the full committee a resolution extending for one year the temporary deposit insur- ance provisions of the Federal Deposit Insurance Corp., which otherwise would expire July 30. This action was accepted by the full committee and will probably mean that increased assess- ments on the banks for deposit insur- ance will be postponed temporarily and Perhaps permanently. Underwriters to Meet Friday. J. E. McCombs will be inducted into office as president of the District of Columbia Life Underwriters’ Associa- tion next Priday noon at the Willard Hotel. At this meeting he will out- line his plans for the coming year and also name the chairmen of the dif- ferent standing committees. As he was the unanimous choice of the as- sociation for the presidency, a particu- larly harmonious and active year is Ppredicted. More extensive adoption of uniform cost accounting methods was urged by John Moran, cost accountant, the National Fertilizer Association, Wash- ington, in an address in Boston today before the sixteenth International Cost Conference of the National As- sociation of Cost Accountants. Several local accounting experts are at the eonlerenee, “Perhaps the greatest obstacle en- countered in the work of installing uniform accounting systems is the natural human trait of hating to make a change. Firms long accus- tomed to a certain set of accounts are &low in adopting a new method. “To be effective, it is not enough merely to install a uniform accounting system and see it started. One‘of the most important factors is to cause the manufacturet to become cost con- scious and to encourage him and his stafl in the work of making frequent cost analyses,” the Washington speak- er said. Trading Lively on Exchange. ‘The Washington Stock Exchange recorded another lively session today, 5% 184 25 1% 109 3 Am Zinc & Lead. 8 Anaconda Copper. 16% Anaconda Wi 12% Anchor Cap (60¢) 101 Anchor Cap pf(6%) 2% 36 Archer Dan M (t1). 44'% 112% 29% 14 63 5% 68 26% 15 97 Armour Del pf (7). 80% Asso D G 1st pf(46) 48 Asso DG 2d pf 35% Atch To&S F 1h2) 66% Atch To&S F pf (5) 19% Atlantic Coast Line 21% Atlantic Ref (1)... 22% Atlas Powder (2). . 106% Atlas Powder pt (6) 15 Auburn Auto. 5% Austin Nichols. 35% Austin N pf A (2) 2 Aviation Corp Del 1% Baldwin Loco (d) T% Baldwin Loc pf (d). 71 Baltimore & Ohlo. . 109 100% Bamberger pf (635) 4% 10% 50% 19 13% 17% 17% 60 361 Bang & Aroos (2%) 5% Barnsdall Corp. ... 37% Bayuk Cigar (t50¢) 15% Beatrice Cre (a50c) 11% Belding-Hem (a50c) 85 Belg Nat pt pf 7.02.. 11% Bendix Aviation.... 15% Beneficial Loan 1% 34 Best &Co (2).. 2% Bolh:mom Steel 28% Blumenthal 48 Bohn Alum&Br 90 Bon Ami (A)(t4) 21 Borden Co (1.60 28Y% Borg Warner (1% 3% Boston & Maine. .. 8% Bridgep't Brass 40c 24% Briggs Mfx (2) 23% Briges & Strat ( 30% Bristol-Myers (12 361% Bklyn-Man o'r (3). 90 Bklyn-Man T of (8) 43 Bklyn Union Gas(5} 4 Brunswick-Balk 8% Bucyrus Erie cv pf. 62% Bucyruc Erfe of (2) 3% Budd (EG) Mfg... 23 Budd (EG) Mfgpf. 2% Budd Wheel, 8% Bullard Co... 3% Bulova Watch 13% Burr Add M (808) .o 1% Butte Copper & Zine 11% Byers (A M). 32 Byers (A M) D 33% California Pkg (1% % Callahan Zinc, . 2% Calumet & Heela... 7% Campbell-Wy (a20e) 8% Can Dry G A (40¢). 9% Canadian Pacific. .. 30 Cannon Mills (2)... 4% Capital Admin (A). 321% Cap Adm pf A (3).. 45% Case (J 1) Co... 831 Case (J I) pf (4) 36% Caterpillar Tr(t1). 19% Celanese Corp. . 1% Celotex Co (d) 11% Celotex Co pf (d)... 22% Cent Aguire (1%).. 34 Central RROfNJ. 96% Century R M pf (7) 63% 38% Cerro de Pasco (3). 23 Certain-teed P of.. 45% 37% Ches & Ohio (2.30). 36 Chesapeake Corp(3) % Chi&East Il pf(d). 1% Chi GtWestn pt(d). 15% Chi Mail Order (t1) % Chi Mil St P & Pac.. % Chi Mil StP&Pac pf. 2% Chi & Northwest. . . 4% Chi & Northwest nf 4% Chi Pneumatic Tool 20 - Chi Pneu Tool of. 1 ChiRI&Pac (d). 1% ChiRI&P 6% (d) 1% Chi RI&P 7% pf(d). 8% Childs Co......... 9 Chile Copper...... 81 Chrysler Corp (11). 20 City Ice & Fuel (2). 87 City Ice & F pf 6%. 12% Clark Equip (80¢).. 28% Clev Graph Br ({1). Clev&Pitts spec (2). Tluett Peabody (1). 28% 23% 222 161% Coca-Cola (8).....s 5% 18% 53% Coca-Cola (A)(3).v¢ 15% Coigate-P-P (500) .1 te-P-P pf (8). Collins & Al .. 6€9% Collins & Atk pf (7) 3% Colo Fuel & Ir (d).. B ColoF &Ipt (4) 10% Colo & South .. . ¥ colohmmutv!. (ST e - S 5 gaoi—.—-u-—:fi'.—.— s 038~ 27 1 219“ 219% 21 bd% 54% 99% 23% 3% 31% 28!0 102% 102% ¥ 'A 54% — % zm 42% ._ i 4 el i :l e ¥ ®£OFES EF 28% 48 NE8ES £3 544 - 823 Litri+t+) FRPEE * 132 3% 31 9% 26% 110 131 6 36% 112 18% 4% b7T% 6% 42% 17% 10% 28 8% 38U 19% um T 10 27% 374 17% 30 HS 218 12% 32% 9% 108 125% Endicott-John pf(7. 1% Engineers Pub Svc. 14 Eog Pub Sve $6 pf. . 14% Eng P S $5.50 pf ww 15% Eng Pub Svc $6 pt.. Th EfeRR.vuucviient 6% Erie RR 2d pf....a 10% Eureka Vac Cl(80c) 15 Evans Prod (al)..s 2 Exchange Buffet 4 Fairbanks Copf... 17 Fairbanks-Morse. .. 1% Fairbanks-Mrs pf.. 5% Fed Lt & Trac...... 48 Fed Lt & Trpf (6). 28% Fid Ph F In (11.20). 106% Fllene'sS pf (6%).. 13W Firestone (40¢).... 841y Firestone pf A (6). 45% First Nat Strs(2%) 2% Follansbee Bros(d) 20% Food Mach (1) 9% Foster-Wheel 2% Fo ation Co 19% Fourth Nat In 8% Fox Film (A). 5% Gen Am Investor: 32% Gen Am Trans(1% 11% Gen Asphalt. . 7% Gen Baking (6! 115 Gen Baking pf (8). 5% Gen Bronze. 4 Gen Cable (A 20% Gen Electric (60¢) 324 Gen Foods (1.80) 107% Gen Motors pf (5). 17% Gen Print Ink 1.60 931% Gen Print Ink p! 1% Gen Public Servie 15% Gen Ry Signal (1).. % Gen Realty & Ut 16% Gen Refractor 1634 Gen Refrac ctfs.... 14 Gen St Casting pf. 12 Gillett Saf Ras (1). T0% Gillett Stf R pf (§). 2% Gimbel Bros.. 23% Glidden Co (t1). 1% Gobel (Adolf) (d).. 14% Gold Dust (1.20)... 111% Gold Dust pf (6) T% Goodrich (BF). 15% Goodyear T& R.... 70 Goodyear $7 pf (4). 214 Gotham Silk Hose.. 20 Gotham Silk H pf.. 1% Graham-Paige..... 5% Granby Consol. . 2% Grand Union.. 14% Grand Union pf l% 26 Grant (WT) (t1).. 9% Great Northern pf. 9% Great Nor Ore (50¢) 26% Grt West Sug (2.40) 6% Hamilton Wateh... 101 Hanna (M A)pf(7). 20% 16 Harb Walker (1) 9% 81 412 5% Hat Corp of Ame: Hat Cpf ww (6%) 1% Hayes Body. 86 Hazel Atla . 11 Hercules Mot (80¢c) 71 Hereules Pw (13) 6% Holland & Son 338 Homestake (112). 80% Houd-Hersh A 2 6% Houdalll 1% Houston Ol (new). 43 Howe Sound (3) 2% Hudson & Man! 6% Hudson Motor Car.. % Hupp Motors...... et 65% 4% 6% 16% 7 5 42% 184% 65 33 46% 2% 3% 29% 1% 12 24% 18% 9% Ilinots Central.... 40 11l Cent Ise lines(4) 231% Indus Rayon (1.68). 60% Ingersoll-Rand (3). 46% Inland Steel (2).... 21% Inspiration Copper. 4 Insur Shet Md 14e.. 8% Interboro R T (d).. 4% Interlake Iron. 149% Int Bus Mach (16).. 3% Int Carriers Ltd 20e 22% IntCement (1)..... 34% Int Harvester (60¢) 1% Int Hydro Elec (A). 1% Int Merch Marine.. 22% Int Nick Can ¢60c) .- % Int Paper & Pw (C) 4% int Paper & Pw pf.. 21% Int Print Ink (1)... 914 Int Rys Cent Am pt ¥n~ 6% Intertype (a20¢)... 49 Jewel Tea (3)...... « 350 FLIEF FrIFE 4 3 3 4 1 2 9 s 308 3 308 4 508 17 108 9% — Ifll mu lOSVg 106% — K 20 2016 + 8% 20- 106 !0; ms +5 l 10’1'/. 107% X07h - 21% 23 - ‘/t 824 - % 8% — 35 % — % 409 +3 3T -% % - % 214 9% - % 3 % - % 1% 4% - % 5+ % 21% +1% 90 —1% BEE 8!6 % 12 -% % 3% 33% + % 179 -3% 5% — % 29% — % 46 =% FEFE PFEFLFER o o3 5 - -~ SourBundconnruuunond 33% 33% 182 179 6 5% #(B. & 0. SLASHES TIME 11 Nasb Motors (1)... 4% Nat Aame Co.. - 22% Nat Biscult (1.60).. 13% Nat Cash Reg A §0c 12% Nat Dairy Prod 1.20 13 Nat Dept Stores d)., Nat En & Stpg (2 4% Nat Powr & Lt (80¢ % Nat Ry Mex 2d pf. .. 40% Nat Steel (11). 36 Nat Supply Co 8% Nat Tea (60c). 713 Natomas Co (80 21% Neisner Bros (f1). 1181 109 Newberry (JJ)pf(T) 8 4% Newport Industries 28% 18% N Y Airbrake 21% 12% N Y Central 25 139, 11 % 813 14% 6 1 16% 86 69 N Y Steam pf (6) 97 79 NY Steam st (7).. 43 30% Noranda Mines (2). 175 158 Norfolk & W (18).. 2 North Am Aviation. 18% 5 North Am Co (rons 50 35% North Am Co pf (3) 92 57 North Am B4 pf (6) 21% 13% Northern Pacific... 321 20 NorwalkT&R pf 3% TA S Ox o1l (a16e).. 1 Oliver Farm Equi Zlh 13% Oliver FEprof A 5% 3% Omnibus Corp. 20% 11% Otis Elevator ¢ 31% Pacific Comst 1st. .. 13% PacificG& E (1%). 19 Pacific Ltg (2.40).. 12 Pacific Mills. 70 Pacific Tel & Tel (§: 7 “Pac Wn Oil (b40c). 31 Packard Motor.... 1% Panhandle Prod&R. 2% Par Public cod (d).. 2% Park Utah...... % Pathe Exchan 8% Pathe Excnnnu) 8% Patino Mines...... % Peerless Motor. 64% Penick & Ford (3).. 57% Penney (J C)(2)... uo 103% Penney (J C)pf(6). 4% 2% Penn Coal & Coke.. 5% 3 Penn Dixie Cement. 27% 18 Penn Dixie C pf(A) 25% 17% Penn RR (1)...... 39% 30 PeoplesDS (11)... 116% 110% Peoples DS pf6%. 34% 17% Peoples Gas Chi. 18% 9% Pere Marquette 11% 7% Petrol Corp. . 20% 12% Phelps Dodge alic. 38 23 PhilaCo 6% pf (3).. 4% 1% Phila & Read C&I. 53% 35% Philip Morris (1)... 13% Phillips Petrol (1). % Plerce Ofl......... 31 Pillsbury Flour 1.60 51 Pitts Screw & Bolt. 22% Pitts Steel pf.... 24% Pitts United C pf 6% Pittsb’gh & W Va.. 1 Pittston Co.. 614 Plymouth Ofl, 6% Poor & Co (B). 4% Postal Tel&C pf(d) . % Pressed Stl Car(d).. 615 Pressed St1 C pf(d). 42% Proc & Gamb (13%). 20% Pub Sve N J (2.40) 62% PubSve N J ptf 16 73 PubSveNJpf (6 8514 Pub Sve N J pf (7 34 Pullman Ine (3) 5% Pure Oil. 61 PureOil 6 % 49% Pure Oil 8% pr 8% Purity Bake: 4 Radio Corporation.. 85% Radio Corp pf B... 1% Radio-Keith-Or(d). 16% Raybestos-Man (1) 36 Reading 1st pf (2). 3% Real Silk Hoslery.. 20% Real Silk Hos pf... 8 Reis (Robt.) 1st pf. 7 Remington-Rand... 71% Remington-R 1st pf 89% 70 Remington-R 2d pt. 421 175 25 19 28% Republic Steel pf.. a% ON FREIGHT DELIVERIES 47T -1% 13% Thatcher M (ab0c). 13% Thompson Products 84 Tide Wat A O pf(6) 26% Tide Wat O (as5e) . 106% 100 Tide Wat Ofl pf (5). T 40% 7 10% 10 4% 6 2% 69% 50% 63% 20% 111% 4% Timken-Detroit.... 28% Timken R B (11). 4% Transamerica (26¢) T% Trans & West'n Air 5% Transue & Williame 1% Tri-Contl Corp. .... 3% Tr on Steel 1% Ulen & Co. 53% Und-Ell-Fisher (2). 29 Union Bag&Pap (2) 44 UnCarb&C1.60.. 14% Un Ot of Cal (1)... 821 Un Pacific (§) 4 88% 791 Un Pacific pf (4). 15% 6% 9% United Afrcraft 4% United Afr L vte 26% 20% United Bise (1.60). 117% 113 United Bisc pf (7). 60% 46 United Carbon 2.40. 394 65% 150 40% 2W % 1% 113% 1% United Corp....... 20% United Corp pf (3). 8% United Drug....... €5 United Dyew pf (7) 3% United Elec Coal... 71% United Fruit (3)... 9% United Gas Imp (1) 8715 Unit Gas Imp pf(5) . 2% Unit Paperb’d (d) 1% United Pce DW.... 10 Unit Piece D W p: 4% U S & For'n Secur.. 11 U S Freight (1).. 40% U S Gypsum (1). 5 US Hoffman....... 35% U S Ind Alcohol (2) T4 U 8 Leather(A) vte. 14% U 8 Pipe & F (50¢c). 19% U 8 P&F 1st pf 1.20 9% U S Rubber. . 24% U S Rubber 1st pf 95 USSmelt&R (a4). 3% United Stores (A).. 51 Univ Leaf Tob (12). 133% Univ Leaf T pf (8). 31 UnivPiclstpf.... 1% Univ Pipe & Rad... 1 UdlPwr&Lt(A).. % Vadsco Sales Corp.. 11% Vanadium Corp. 11% Van Raaite. 34 Vick Chem ( 21 Va-Car Chemical... 17% Va-Car Chem 6% 85 Va-Car Chem 7% pt 72% Va El & Pw ot (6).. 3 Va Iron Coal & Coke 26% Walgreen Co (1.20): 1% Walworth Co. 1% Ward Baking (B). 2815 Ward Baking pf (2) 2% Warner Bros Plo. < bl 2% Warren Bros... 4 Webster Eisenlohr. 303 Wesson O&S(t50c). 34 West Pa Elec (1) A 36 West Pa Elec pf (§) 39% West Pa Elec pt (1) 95 West Pa Pw pf (6). Pa Pw pf (7). 85% 20% Western Uniton. ... 4% 29 21% 56 % 18 Westingh'se A B 50¢ 328 Westingh'se Elec. . 16% Westvaco Chi (40c) 14% Wheeling Steel.... 6% White Motor...... 13% White R’k M S 1.40., 1% White Sewing Mch. 3% Wilson & Coal2}e 58 Wilson & Co pt (6). 51 Woolworth (2.40).. 35% Wright Aero 17% Yale & Towne (60¢c) 2% Yellow Truck . 31% Yellow Truck pf... 18 Young Sp & W (f1) 13 Youngstown S&T.. 38% Youngstwn S&T pf. 2% Zonite Products.... 5.8 o oom PPN -1 PO wofZwd et 16 FEF FLEFFFE FF FEEET 67% —1% 62 -1% 5% = % 28 +% 3 38 -1 Amuul--tm.-mn.!.smm year. xEx DOLLAR GOES HIGHER IN LONDON DEALINGS AM... PM...co o, 640,000 2:00 P.M.., Total sales for the day. 1,140,000 rates as given in the above table are the annual based quarterly or. half-yearly on the latest tions. of trading less than 100 jes reported in receivership or being shares. tAnnual rate lllll extra. tAccumulsted dividends. aPaid this year. bPaid lasi rooxunl.fl, KROGER SALES SHOW SMALL GAIN IN YEAR tions in the BSouthwestern Winter: wheat belt and easiness in stocks and in Liverpool wheat gave the market s bearish tone. Traders paid little attention to the estimate of a leading elevator house indicating Kansas wheat crop’ sharply below the most recent Govern- ment forecast. Wheat closed 13-7 cent lower, compared with yesterday’s finish; Sep- tember, 79%a79%;, and corn was un- changed to 2 off; September, 15',4' 75%. Oats were % lower to 14 hlgher’ Rye % to % down and barley 1 cent_ higher to 1 cent lower. Lard eased’ High. 793, Cash wheat, No. 2 hard, 913;; sam- ple grade hard, 7412a82%%; corn, No.2 yellow, 8512a86; No. 3 yellow, 84 - No. 2 white, 89'3; No. 3 white, 88%: oats, No. 2 white, 403a41%,: No. 3 white, 40a41; no rye; no buckwheat; no soybeans; barley, feed, 45a48, nominal; malting, 80a1.00; timothy seed, per cwt., 6.75a7.25; clover seed, per cwt., 12.00a17.00. Liverpool Grain Prices. LIVERPOOL. June 25 (P.—Wheat futures closed barely steads. Prev. igh. Low. Cle lose. i 7 ne —Close. 2. red wuuu P June. 83, New York Cotton By the Associated Press. NEW YORK, June 25.—Cotton held steady today with interest centering in the further evening up of July commitments in the absence of deliv+ ery notices. Some selling was noted on reports of favorable weather in the South, but the light offerings were absorbed within a narrow range with the mid- afternroon market ruling about un- changed to 1 point net higher. Putures closed steady. 1 lower to 1 higher. Cottonseed Oil. Bleachable cottonseed oil futures closed easy. July, 9.78; September, 9.89-90; October, 9.91; December, 9.75b; January, 9.80. Sales, 119 can- tracts, including 12 switches. b—Bid. serveel LIVERPOO] —Col - 000 bales, mcludmc 7.800 m.m'."-% - poderate business done; prices 7 p‘flu 6.02; Decem| tary, 898 R 502. e (Reported by Ches. D. Bar Allis-Chalmers Co. s 1037 . Americtn 2°% T0L.430 1 Atlentic meAst o..lfs s 1937 1 e By the Associated Press. LONDON, June 25.—The United States dollar quotation closed on the foreign exchange market today at 495 to the pound, as compared with the New York overnight rate of 4.95%. The French franc closed unchanged at 74.63 to the pound. PARIS, June 325 (#).—Three per cent rentes, 78 francs 75 centimes; By the Associated Press. NEW YORK, June n—&h of Kroger Grocery & Baking Co. (Mid- west) during the four ‘weeks ended June 15 amounted to $17,839,080, compared with $17,483,570 in the § same period last year, an increase of 2 per cent. FOBEIGH EXCHANGES. June i change oy orut lrf5 b hmmog & 57% 38% Johns-Manv (a26e). 125 117% Johns-Man¥ pf ((7) 73 Jones&Laugh 1% 3% Kans City Southern 7% Kaurm'n D S(asuc) 15% Kayser(J )& Co 60e. ‘% Kelly-Spring T (d). 6. Kelly ST 6% pf(d).. 19 6 Kelsey-Hayes (A). 3t abn 46% —1% | 16 3% Kelsey-Hayes (B). 36 3% 36 18% 12% Kelvinator (+500).. 8 8 95 84 Kendall Copf (16). 3% 3% 21% 13% Kennecott C (60¢). 14% 14% 5% 3 - Kinney (G R) Co... g“ 38 23 xm(mn.:lo'-u 24% Kresge (88)(1)... A% 13 Kresge (8 8) pf (1) uo- lm lm um + u s 29 224 Kroger Gr&Bk 1. Special Dispatch to The Star. BALTIMORE, June 25.—Cutting in half the road time between New York, Philadelphia, Baltimore, Washington and Pittsburgh for delivery of less than carload shipments of merchan- dise, the Baltimore & Ohio Rallroad put into effect yesterday revised freight schedules that provide over- 4% per cent rentes, 84.25. night point-to-point service. Exchange on London, 74.62. The ;| To carry out this arrangement two | dollar was quoted at 15.08%. L s ¥ Bes n - 35% LA (6). 31 Oflflhlwl 6). 34% Colum Pievte (1) - 228850 ® wammn & 7 -% !M—% —% l 'lllk ll’\ 112% 4 " 2% 8 IN WU~ %] 18% 1% — 4% 8% 12% 20% Sou! S23 R usv. 111 Comel Invev pf(6). 17% Comel Solv (160c). . % Comw & Southern.. 29% Comw & Sou pf (3). Congoteum-N (1.60) l\fi AT% 36% F3e3nge ,q. b 2335 s F2 a Siszisasziiifl*“ i .1F§ =_...._s..§..~. 223253503 FE R FEREE 27T% 29 10% Vet N2 % B . Bs' 1937 il -% % + % b 10s 16 9 2Th 3 lfl lfl 5 1% 16 13% 21 2T% i nmm&mmm‘“ icit, five months ended May 31, was tH i $196,769, va. deflclt $463,219, i . ™ o