Evening Star Newspaper, June 27, 1935, Page 18

TA—18 waw HEAI]SB[]MMlH[ETRANSACTIONS ON THE NE FOR D. C. BANKERS Pope Gets Public Relations Post—Offutt Named to Forms Group. BY EDWARD C. STONE. Appointment of C. H. Pope, vice president and treasurer of the Munsey ‘Trust Co., as chairman of the Com- mittee on Public Relations for the Dis- trict of Columbia , Bankers' Associa- * tion, was made ! today by Charles ; H. Doing, presi- dent of the asso- ciation. President E. C. Graham of the Hanilton Na- tional Bank, has been made vice chairman. ‘The other mem- bers of this com- mittee are Lanier P. McLachlen, president, Mc- Lachlen Banking Corp.: Ord Preston, president. Union Trust Co.. PFrank Stetson, vice president, National Sav- ings & Trust Co., and T. Stanley Hol- land, trust officer. American Security & Trust Co. The personnel of the committee is indicative of the im- portance attached by bankers to the field covered by its activities. Another committee whose work is of great value to the banks—Stand- ard Banking Forms—will be headed by A. Scott Offutt, vice president, City Bank. Vice Chairman T. Hunton Leith, secretary. Security Savings & Commercial Bank. W. L. Koontz, vice president, Anacostia Bank; Frank P. Harman, assistant vice president, Hamilton National Bank. and George ©O. Schweinhaut, assistant treasurer, Washington Loan & Trust Co., have been named by Mr. Doing to assist Mr. Offutt. Potomac Power's Net Higher. Net income of the Potomac Electric Power Co. in May totaled $311.459.67 against $285452.21, an increase of $26.007.46 over May, cent. according to the monthly state- ment filed with the Public Utilities Commission today. Operating revenues showed a 981 per cent advance over the same month A year ago, standing at $1.055,688.91, as compared with $961,399.42 in the like month last year, a gain of $94.- 289.50. At the same time operating expenses called for $666,134 against $600,915.91 a year ago. an advance in revenue costs of $65,218.09 or 10.85 per cent. With the increase in operating costs greater than the substantial advance in operating revenues, net operating income amounted to $389,554.92 as compared with $360.483.51, a gain of $29.071.41, or better than 8 per cent. Non-operating income totaled $15,- 860.57, an increase of $4,562.20, or 40.38 per cent. Gross totaled $405,.- 415.49 in comparison with 371.781.88 a vear ago, an increase of $33,633.61, or 9.05 per cent. Deductions from gross called for $93.955.82, against $86,329.67 last year. For the first five months of the pres- ent year Potomac Power's operating revenues amounted to $5.485,803.14, a gain of $471,883.23, or 9.41 per cent. Operating revenue deductions required $3,379,285.75, which was an increase in operating costs of $456,804.05, or 15.63 per cent. Net operating income was about the same as a year ago, the total of $2,106,507.39 being an increase of $15,079.18. Non-operating inconfe was slightly above last year, while gross amounted to $2,163,797.28, against $2.147.911.90. Deductions from gross required $465,- 749.37, compared with $431,023.09, an increase of $34,726.28, or over 8 per cent, leaving a net income for the five months of $1,698.047.89, against $1.716.888.81, off $18,840.92, or 1.11 per cent. Higher operating costs are given as the chief reason for the lower net in the face of such fine advances in operating income. B. & 0. May Net Shows Slump. Net railway operating income of the Baltimore & Ohio Railroad in May totaled $1,556.679. in comparison with $2,007,308 in May a year ago, a drop of $856,530, railroad cfficials reported this noon. Both freight and passen- ger revenues were lower than a year ago. Passenger revenues were off only 824,905, while express revenues made & gain of over $36,000. Railway oper- ating expenses were considerably heavier than a year ago. Net railway operating income for the first five months of this year was also reported, this item standing at $8,873,525 against $8,729,677 in the corresponding months a year ago, an increase of $143,3848. Operating revenues were off $200,000 from last year, amounting to $56,864.- 820. At the same time operating ex- penses were lowered by $533,343 to $42,807,246, making net revenues from operations total $14,057,074 against 13,723,805, an increase of $333,269. Total deductions from operating revenues amounted to $5,183549, as compared with $4,994,128 last year, an increase of $189,421. Chevy Chase Loans Increase. At a recent meeting of the Board of Directors of ihe Chevy Chase Build- ing & Loan Association the twelfth consecutive semi-annual dividernd at the rate of 6 per cent per annum was declsred, payaole July 1, to common stockholders of 1ecord at the close of business on Juce 10. A dividend at the rate of 5 per cent per annum was also declared on the ciass A stock 7. Horace Smithey, secretary-treas- urer. reports substantial growth in the association’s assets during the first six months of 1935 and a strong- er loan demand than has obtained tor several years. An unusually large percentage of uhe loans made during the past six months have been for the construction of new homes in the Chevy Chase section. Directors of the association are R. W. Eisinger, B. Edwin Erikson, George B. Fraser, Dillr B Groff, Oscar B. Hunter, S. S. Jaite William L. Orem, jr.; John F. Preston, Fred A. Schmidt, Ralph S. Scott, M. Rea Shafer Fred E. Shoemaker and J. Horace Smithey. Today’s Trading on Exchange. Capital Traction bonds again sold at 97 on the Washington Stock Ex- change today, on $500 to $1,000 transactions. In the stock division 10 shares of American Security & Trust sold ex-dividend at 200 fiat. The only other sale of the day was in Lanston Monotype, two shares moving at 60. Capital Transit stock closed with 18 bid and 18%; asked. Travel to Europe this Summer. is expected to show an increase of around 25 per cent over a year ago, neecrdlnc to the American Express Ten shares of Peoples Drug Stores preferred stock sold at 113 on the New York Stock Exchange yesterday. The last sale on the Washington Ex- change was made at 112%. 4 C. H. Pope. 1934, or 9.11 per | 145% 104% Air Reduction (t3).x 1% 204 1% 655 30% 154% 125 Allled Chem (6) % 21 144 110 AmCan (14)......, 20% 144 121 76 138 125 25 | 109 101 428, 121 614 T0% 62y 7 13% 405 1‘¢ 3% 118 Archer-Dan pf (1).. FINANCIAL By private wire direet to The Stock and ~ 6% Affliated Prod lloa % Afr-Way Elec Appl. 16% Alaska Jun (1600),. & Alleg Corp (d)..... 2 Alleg pf w340w( 21 Allegheny Stl (1) 314 Allied Store: 49 Allied Stores p 12 Allis-Cheimers.. 26 Amal Leath pf (1 4815 Amerada Corp (2).. 41% Am Ag Cem Del(2). 13% Am Bank Note..... 43 Am Bank Npf (3).. Am Br Shoe (1).... - RO A DR IN N~ D n n8ab 0! 138 10 Am Car & Foundry. 168 25'3 Am Car & Found pf. 66 Am Chicle (13). 22'% 'Am Comel Alcohol. 615 Am Crystal Sugar.. B57% Am Cryst 8 pf (a3). % Am Encaustic (d).. 2 Am & Foreign Pwr., 12 Am & For Pw $6 pf. 14 Am & For Pw $7 pf. 2% Am & For Pw 2d pf. 17 AmHide & Lopf.... 2914 Am Home Pr (2.40), 3% Am Ice. .. . 28% Am Ice pf 6) 435 Am Internatio: 9 Am Locomotive.... 82 Am Locomotive pf. 18% Am Mch & Fy (80c) 4% Am Mach & Metals. 1315 Am Mptal 72 Am Metals pf . 1'3 Am Power & Light. 8% Am Pwr & Lt $5 pf. 10% Am Pwr & Lt $6 pf. 10'; Am Radiator...... 15% Am Rolling Mfl!l 4'3 Am Seating v.t.c..ee 20 Am Shipbldg (2)... 31% Am Smelt & Ref ... Am S&R 7% pf (T)4s 63 Am Snuff (+3). Am Snuft pf (6) 12 Am Steel Foundry.. 85! Am Sugar (2).. 1815 Am Sum Tob (1 987% Am Tel & Tel (9 7213 Am Tobaceo (5). 74% Am Tobacco B (5 215 Am Type Fdrs (4). Tia Am Wat Wks flc). 48 Am Wat W 1st (6). 4" Am Woolen.. 353 Am Woolen pf. 3 Am Zinc & Lead. 8 Anaconda Copper... 16% Anaconda Wire.... 2 Anchor Cap pf(62%) 10s 36 Archer Dan M (t1). 2 10: 3% Armour of illinoi; 55'3 Armour I11 pr of (§) 4 Arnold Constabl 3% Artloom Corp 715 Asso Drv Goods 807« Asso D G 1st pf(16) 29%, Assoc Oll (af0e) . 35% Atch To & S Fe(a2) 665 Atch To&S F pf (5) x 191 Atlantic Coast Line 21% Atlantic Ref (1). 32% Atlas Powder (2) 15 Auburn Auto. 51 Austin Nichols. 3515 Austin N pf A (2) 3 Aviation Corp Del.. 113 Baldwin Loco (d).. Tty Baldwin Loc pf (d). 714 Baltimore & Ohlo. . 914 Baltimore & Ohio pt 36'2 Bang & Aroos (2%) 32 Barker Brothers pf. K74 Barnsdall Corp.... 3713 Bayuk Cigar (t50c) 11% Belding-Hem (a50c) 117 Bendix Aviation. .. 15! Beneficial Loan 1% 34 Best &Co (2) 21% Bethlehem Ste 55% Bethlehem Stl 984 Blaw-Knox 9 2 9 1 9 108 18 3 2 14 112 10314 Bloomingd: 584 10 697 25% 2% 20% 2 28% Blumenthal pf 614 Boeing Alrpla: 48 Bohn Alum&Br (3). 21 Borden Co (1.80) 28Y% Borg Wi 81, Bridgep't Brass 40e 2415 Briggs Mg (2) 2314 Briges & Strat (3 30% Bristol-Myers (12 36! Bklyn-Man 'i'r (3). 90 Bklyn-Man T of ) 43 Bklyn Union Gas(5} 41 Bucyrus Eri 814 Bucyrus Ert . 3% Budd (EG) Mfg... 150 22 Budd (E G) Mfg pf. 19208 215 Budd Whe 13 81, Bullard Co...... 3 3% Bulova Watch. % Burns Bros B (d) % Burns Br A vte (d). % Burne Bro B vtc(d) 3 Burns Bros pf (d).. 13% Burr Add M (80c).. 14 Butte Copper & Zine 11% Bvers (A M). 2 508 3 508 208 8 P e 42% 1 4% 19%, 16% 13% ?0'- 222 5T% 18% 105% 101 Colgi 19% 96 b 1]5% 11 23% 1% AT% 36% 42 10% 82 T 161% Coca-Cola (8). . . 33% California Pkg (1% % Callahan Zine.. 214 Calumet & He 15 Campbell-Wy (a208) 8% Can Dry G A (40c). 9%, Canadian Pacifie. 32 Cap Adm pf A (3) 45% Case (J I) Co.. 8815 Case (J1) pf (4)... 1508 3613 Caterpillar Tr(t1). 9 191 Celanese Corp..... 93 1% Celotex Co vte (d).. ~ 2 114 Celotex Co pf (d)... "408 221 Cent Aguire (13%).. 1 34 Central RROfNJ. 2l 613 Century Rib Mills.. 2 38% Cerrode Pasco (2). 45 4% Certain-Teed Prod.. 1 22- 23 Certain-teed P of... 37% Ches & Ohio (2.30) . 36 Chesapeake Corp(3) % 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 ChiRT& Pac (4) 1% ChiRI&P 6% (d). 1% Chi RI&P 7% pf(d). 315 ChildsCo......... 31 Chrysler Corp (t1). 20 City Ice & Fuel (2). 87 City lce & F pf 6%. 12% Clark Equip (80¢). 281 Clev Graph Br (t1).x 2 29 2 218% 53% Coca-Cola (A)(3) 2 54 15% Colgate-P-P (50c).. 30 174 P pf (6). 1104 9 Collin: Atkman.. 28, 69% Collins & Atk pf (7) 110! % Colo Fuel & Ir (d).. 5 ColoF &1pf (4). 50! 10% Colo & South. 1108 3% Col Gas & Elee..... 31 CelG&EpfB(5). 3414 Colum Pie vte (11) 67 Colum Carbon (4).. 394 Comcl Credit (2)... Comel Crev pf 5.3 56% Comel Inv Tr (12).. Comel Inv ev pf(6). 17% Comel Solv (160¢).. % Comw & Southern 29% Comw & Sou pf (3). 27 Congoleum-N (1.60) 23% Conn Ry & Lt (4%) 7 Consol Cigar..... 71 ConCprpf ww 0% 14k Cons Film pf (31%) 15% Consol Gas N Y (1) 72% Consol Gas of (5)..x 11 Consol Laundries. C% Consol Oil. . 3 Consol Textile. ... 8% Container Corp (A) 2% Container Corp (B): 4% Contl Baking (A). = 62% Contl Can (2.40)... 7 Contl Dia F (a30c). 28% Contl Ins (1.20). % Contl Motors. ..... 15% Contl O Del (237%e 62 Corn Prod Ref (3). 4% Coty InC....... . 35% Cream of Wh (12).. 121 Crosley Rad (a25¢) 23t% CrownC&8(1)... 431 Crown C&S pf(2. 31 Crown Zelleb'ls vt 26 308 16 10 6 34 1 2 7 508 2 408 2 1 95 6 l’% Curtis Pflbvf fl)-n Curtiss 3 18% 2 108% N 16% 186u 15% 384 91 234 4% 119 %% 28Y% 218 54 16% 104 18% 9614 1% 10% THE EVENING 14% 218 54 16% 104 184 97y 1% 104 R B % l+|||+\‘l+.l_ FEFFFFFEESE L4440+ Ui s A (B RN} g £33 11+ JEE Ve Y s P + & R REEE PUIE+ Vel 44+ +1+++ (R EE 2 Ereredy ¥y ELE ¥ § FREFE FEEIEFY FF 9 FEFEF EFE. £EE BEE R LR K 8 140% 1401 140% + % 1% 1% 1% = & EFEF ¥ & Fr ¥ STOCK AVERAGES Compiled by the Assoctated Press. 15 15 Util, Stocks, +.1 319 318 297 33.0 329 21.6 406 242 239 1843 61.8 1935 high 1935 low . 1934 high 1934 low . 1932 low ... 1929 high . 1927 low .. Prev. 1935 Stock and High. Low. Dividend Rate. 10 6% Curtiss Wright (A) 22 16 Cutler Hammer.... —_— 22% Deere & CO........ 26 19 Deere&Co pf (340¢c). 43% 23% Delaware & Hudson 19% 11 Del Lack & West... 65 Detroit Edison (4). 34% Diam Mat pf(f1%). 341 Dome Mines (12).. x 6% Dominion Stores. 171 Douglas Aircraft. 13% Dresser M A (b1%) 86% Du Pont de N (2.60) 149Y% 110% Eastman Kod (6).. 161t; 141 Eastman Kod pf (6) 21% 16% Eaton Mfg (1)..... 29 19% Blectric Auto Lite.. 112 107 Elee Auto Lite pf 7. 6% 3% Electric Boat...... » Elec & Mus nd. 14 Elec Pwr & Ligh 213 Elec Pwr&Lt 86 pf. 3 Elec Pwr&Lt $7 of., 39 Elec Stor Bat (2%) 125% Endicott-John pf(7" 1'% Engineers Pub Sve. 1415 Eng P 8 §5.50 of ww 15's Eng Pub Sve $6 pf.. 5 Equit Office Bldg. T ErfeRR...... 16 FEvans Prod (al) 17 1 4 lfi‘- Fed'd D Strs(160c). 281, Fid Ph F In (11.20) x 131 Firestone (40c). ... 45% First Nat Strs(2%) 20% Food Mach (1) 2% Foundation Co 194 Fourth Nat Inaé0e. 8% Fox Film (A). 174 Freeport-Texas (1)’ 1201, 114 Freeport-Tex pf (6) _— 814 512 Gen Am Investors.. 387 32% Am Trans(1%) 194 11% Asphalt......e 91, 7% Gen Baking (60c).. T4 5% Gen Bronze 4% 2 GenCable. 4613 19 Gen Cable pf 634 50 Gen Cigar (14) 27w 20% Gen Electric (60c). x 3715 32Y% Gen Foods (1.80). 70 597 Gen Mills (3). 344 26% Gen Motors (1). 11713 10712 Gen Motors pf (5). 1313 10 Gen Outdoor Adv A 30% 17% Gen Print Ink 1.60. 1708 106 931 Gen Print Ink pt (6. 208 214 1 Gen Public Service. 1 30 15% Gen Ry Signal (1).. 3 % Gen Realty & Util 164 Gen Refrac ctf: 6 2 79 7013 Gillett Stf R of (& 23% Glidden Co (11). 1047 Glidden Co pr of 14% Goid Dust (1.20),.. 715 Goodrich (B F). 40 Goodrich (B F) pf. 15% Goodyear T&R. ... 70 Goodyear §7'pf (4). 20 Gotham Silk H pf... 1'¢« Graham-Paige 5% Granby Consol. 2% Grand Union. . 14% Grand Union pf 1%. 26 Grant (WT) (t1).. 9% Great Northern pf.. 9% Great Nor Ore (50¢) 323, 26% Grt West Sug (2.40) 140 119 Grt West Sug pf(7) 1 Guantanamo Sugar 21% Hackensack W (133 30 Hack WpfA (1%). 16 Harb Walker (1)... 515 Hat Corp of Amer.. 1% Hayes Body....... 85 Hazel Atlas Gl (5). 11 Hercules Mot (60c). 5% Holland Furnace 412 338 Homestake (112 40% 307 Houd-Hersh A 2% 15% 6! Houdaille-Harsh B. 3% 1% Houston Oil (new). 56 43 Howe Sound (3)..u 12% 6% Hudson Motor Car. 3% % Hupp Motors... —_— e 9% Illinois Central.... 15 Illinois Central pf.. 40 111 Cent lse lines(4) 2313 Indus Rayon (1.68) 6015 Ingersoll-Rand (2). 46% Inland Steel (3). 215 Inspiration Copper. 4 Insur Shet Md 14e.. 8% InterboroR T (d).. 4% Interlake Iron..... 26 Int Agrieulprpf... 149% Int Bus Mach (16).. 3% Int Carriers Ltd 20¢ 227 Int Cement (1)..... 341 Int Harvester (60c) 22% Int Nick Can (60c). 14 Int Paper & Pw (A) 211 Int Print Ink (1)... 9815 Int Print Ink pf (6) 9% Int Rys Cent Am pf 42% Int Shoe (2).. 6015 Int Silver pf (4) 5% Int Tel & Tel.. 87 Interstate Dept Stra 71 Int Dept Strs pf (7) 25 Island Creek C (2). 57% 381 Johns-Manv (a25e) 125 '117% Johns-Manv pf ((7) Laugh 7%pt 3% Kans City Southern % Kelly-Spring T (4). 6 Kelly ST 6% pf(d).. 6 Kelsey-Hayes (A). 31 Kelsey-Hayes (B). 12% Kelvinator (t50¢).. 13% Kennecott C (60¢).. 19% Kresge (88)(1)... 561 Kress (S H) (11).. 22V Kroger Gr&Bk 1 244 69% 29 21 28Y% 12% 12% 12 Laclede Gas St L. 24 LambertCo (3). 8% Lee Rub&Tire (50¢) 51 Lehigh Val Coal pt. 5 Lehigh Valley R R. 674 Lehman C (12.40).. 2114 Lib-O-Ford Gl 1.20. 21 | Life Saver (1.60)... 9414 Ligg & Myers (14).. 93% Ligg & Myers B(14) 164 Lily Tulip Cup(1%) 1314 Lima Locomotive 17% Link Belt (60c). 24% Liquid Carb (11) 424 31% Loew's Inc (2) lofiln 102 Loew's Inc pf (6%). 1% 1 Loft inc. 41% 33 Loose-Wiles (2) 22 18% Lorillard P (11.20). 140 124 Lorillard P pf (7).. 1% % Louisiana Oil...... 19 10% Loulsv G&E(A)1%. 47% 34 Louisv & Nashv(3). 18% 12% Ludlum Steel...... 110 90% Ludlum Stl pf (6%) ——— 46 40 McAndrews&F(f2).x 1 42 42 13¢° 113 MacAnd & F pf (6).x120s 126 126 124 6% McCrory Strs B(d). 1 8% 8% 45% 36% Meintyre Porcu (2) 13 414 40% 118% 9G4 McKeesport T P (4) { ll:a ll:& 11% [SPNEINPPIoIo - PR OTITe -~ S 21 8 7 21% 2 1% 1% 1 41 41 12 17% 16% 2110 110 444 30% Macy (R H)&Co(3) 1 86 18% Magma Copper (2).x 5 4 1 08 5 2 4 M 3% Market St Ry pr pf. 380, 8t 60 s s 4 2 1 ] F st IR R el B 3 - FFEFELL + 44 Fh F& 5 U R 8 20% 208 137 187 137 % % 7 Y bl % 1% - % 41 — % 17% + % o + % 42 + % 126 -2% 8% — % Al% — % 114% = % 6% 11% — % 20% + % 4% - % STAR, WASHINGTON, D. C., THURSDAY, JUNE 27, 1935. FINANCIA W YORK STOCK EXCHANGE Steck and A Dividend Rate.. 35% May Dept Str (1.60) 2 5% Maytag Co... 3 9 274 41 Melville Shoe (2).) 24% Mesta Mach (1%).. 214 Miami egeom 94 Mid-Cont Pet lfla.- 8% Midland § 603 Midra St1 Ml'). 3% Minn Moline Pow ... 31 Minn Moline Pow of % MStP &S S Marie. 10% Mission Corp.....a 2% Mo Kans & Texas.. 5% Mo Klllkl & Tex pf.. H L] 9 60s 2 ‘4 10° 3 10 2 21% Montgomery Wnrl. % Mother Lode......» 17% Motor Produets (1). T4 Motor Wheel (50c) . 7 Mullins Mfg... 36% Mullins Mfg pf. 4% Murray Corp. 11 Nash Motors (1). 221 Nat Biscuit (1.60).. 13% Nat Cash Rex A §0cx 12% Nat Dairy Prod 1.20 4 41 1 L 21 176% 145 Nat'Lead (5).. 13 1381 121% Nat Lead pf (B) (§) 1008 9 4% Nat Powr & Lt (8 6 715 Natomas Co (80c). 431 Newberry(J J) 1.60 4% Newport Industries 4 18% 9 North AmCo (1)... B0 3515 North Am Co pf (3) 21% 13% Northern Pacifie... 14% 9% Ohio Ofl (al1bc)..... 4% 1 Oliver Farm Equip. 20% 11% Otis Elevator (60¢c). T4 4% Otis Steel 80 Owens-TI1 K 1 Pacific Coast 2d.... 20s 25% 134 Pacific 3 & E (1%).x 22 36% 19 Pacific Ltg (2.40).. 11 134'; 1115 Pacific T & T pf (6) x 20s 9% 7 Pac Wn Oil (b40c). 5% R'; Packard Motor.. 12 10% Pan American Pet. 4% 23 Par Publie cod (4 6 2'4 Park Utah. 1'3' 1 Pathe Exchang 15 8% Patino Mines 80 644 Penick & Ford (l).. 76%; 574 Penney (JC)(2)... 110 103% Penney (J C)pf(6). 54 3 Penn Dixie Cement. 25% 17% PennRR (1).. 39% 30 Peoples DS (t1)..e 347% 17% Peoples Gas Chi.. . 11% 7% Petrol Corp..... 20% 12% Phelps Dodge aZbe.. 38t 23 Phila Co 6% pf (3).. 5315 35% Philip Morrie (1)... 23 13% Phillips Petrol (1). % 1 Pierce Ofl..... 6la 315 Pier il pf. 1% % Plerce Petroleum 9 5% PlttsScrew & Bolt 11% 6 Plymouth Ofl. .. 16% 4% Postal Tel&C pfilh 3ta % Pressed Stl Car(d). 50"s 42% Proc & Gamb (13%) 39% 20% PubSvc N J (2.40). 957 62% PubSve N J pf (5). 105% 73 PubSve NJ pf (6). 116% 854 Pub Sve NJ pt (7) 52% 24 Pullman Ine (3) 104 5% PureOil... 61 PureOil 6% '3 49% Pure Oil 8% p 14 ¢ 8% Purity Bakeries (1) 4 Radio Corporation. 50 RadioCorppf A3 35% RadioCorpof B.... 1% Radio-Keith-Or(d). 3% Real Silk Hoslery.. 7 Remington-Rand... 21 Reo Motor Car. 9 Republic Steel..... 46 21% 217 8% 4 36% Safeway Stores (3). 10% St Joseph L4 (40c). 12 St L Southw'n pf... 56 Scott Paper (1.30).. % Seaboard Air L (d). 20% Seab’d O Del (t60¢) 3L Sears Roeb'k(a75¢c) 40 Sec NatInvpf3li 7% Servel Inc... . 3% Sharp & Dohme. 514 Shell Union O11 63'4 Shell Union Oil ut.. 8% Silver King C (40¢c) 6 SimmonsCo....... 131 Simms Pet (a50c).+ 61 Skelly Of) ' 20 15% Snider Pacl 15% 11 Socony-Vac (CQC) - 111% 107! Sol Am Inv pf(5%) 28% 20 Sou Porto R Sug (3) 20% 10% South Cal Ed (1%), 19% 12% Southern Pacific... 1613 7% Southern Railway.. 20% 10 Southern Rwy pf INSURANCE STOCKS QRIC. June 27 (. —Mew York Becuflu Dtll!u Associat] 18% 11% Actna Cas (2lam). Aetna PFire ( Aetna Life ( Agricultural Am Rel Am Surety ‘Automobile Balt Amer Boston (16 Carolina_(1.108) City of New York. Conn Gen Lif (.80} Fid & Dep «i5) Firemen's Ins Frank Fire ( Glen Palls (1.60) Srens Anartii’ Halifax (.90) Hanover (1.60) Hartford Fire (7 Fire @ e Ins (2 Homestead (1) Lincoln Pire Mass Bond . National Fire (2) National Liverty (14} York ' Fire (.138) 1 Pa Springfeia (41 e’ L% IVIIII’A llfl‘ re (150 Westchester (1.20a). a—Including extras. 8—Declared or paid so far this year. NEW YORK BANK STOCKS NEW YORK. June 27 (h.—New Yerk Security Dealers’ Association: (Quotations as of 2 o'clock.) Bid. Asked. 20 = nk of Man (1%) !lnllr!r Tr_(3) 3 moo.lu. Low. Close.Chse. | High. 42 T | b—Bid. et | Prev. 183 Low. = 63 ‘;: - : 54 » 313 Sparks- 98% —1% 2T% ~1% 41% T 98% 19 m Iuna lllMl 1) 130 122% Stand Brands of (1) M- Ba - JFFNER {RUIR BT Bl OB I | 335 60% Sun Oil S»3 FEL 5% 121 EEEFEFEFEFFEFER g 03 2% 4 Tenn 16! Texas Corp (1).... 28% Texas Gulf Sul (2). 3% Tex Pac Coal & Ofl. 8% Tex Pac Land Trust 2% Thermoid Co. 24 Third Avenu 5% Thomp's 13% Thomp! + 1% T T8 Tide Wn Asso Oil.. 84 Tide Wat A O pf(6) 26% Tide Wat O (a5e). 106% 100 Tide Wat Oil pf (5). 4% Timken-Detroit. . 28% Timken R B (11)... Th Stock and Dividend Rate.. 42 Spalding (AG)1stp 10s . 5( 36% 32 Spencr Kellogg 1.60 T% Sperry vtc (a25e).. 115% Sun Oil pf (6 Superheater (50¢).. 1% Superior Oil. 9% 5 Superior Steel 1% Symington (A)(4) —_— Bales— Add 00. High, Low. clou 54 54 4% 4% - % xs ls -% u 11 + % 431 584 1 1% - Withington K |xs 23 Stand Oil of Ind (1) 35% Stand O1l N J (¥1). 121 Starrett (L 8) a25e. 58% Sterling Prod (3.80) PO T =2t (11). o 2 5 e Corp. o llnSe man- [RARINE FEESES n(JR. son Products pson Starrett. S -5 1% ++1 4% Transamerica(25¢) 10 4% 82 6% 5 4% Truax- 69% 63% 14% Un o1l 9% United 4! United 20% United 46 United 1% United 20% United 8% United 3% United 71% United 9% United 132% 4 . 1% 4 L o 13% 783, 3% 10315 3% 224 31 3l 9% 16% 378 50 21 1 2 40 U S Gy 143 USGy 53 9! U S Rui 24'5 U S Rul 95 1408 119% U S Tol T'» 3% United 654 51 Tniv L 150 FrEFESET b 3 % 6l 9 54 1% 491, 36% 37 9415 95% + & | 1041, 1044 + N & 1% 215 38 4% 274 313 31 1%, Wabas| 4% 141 Warne: 21 12 3¢ 1ta West'n 14 Wheeli. 46! Wheel 6’a White 13'; Whits 6 White 7 3% Wilson 654 51 53 82% 4% 29 2% Yellow 18 Young 56 38% Young: 23 14 Zenith 4% 2% Zonite Approximate Sales 11:00 A.M. 1:00 P.M.. Dividend r | declarations. o | oy, SURIL Of trading extia. | year. % | xEx dividend. By the Associated Press. NEW YORK, June 27.—Cotton was generally quiet but steady today with | a moderate early demand attributed to somewhat less favorable Texas ‘weather prospects and light offerings | noon. October after selling up to 11.38 was ruling around 11.34 in the late trading, with active months showing net gains of 4 to 5 points. Putures closed steady. 5-0 hi; tes 2 higher: Cottonseed Oil, Bleachable cottonseed oil closed irregular; July, 9.55b: Septem- ber, 9.83b; October. 9.86; December, 9.78-79; January, 9.78b. Sales, 179 |contracts, including 52 switches. Liverpeol Quotations. 7 (#.—Cotton, 4.- 000 bal unelu«ifin A deman o e dohe good middling. 7.3 strict middiing strict low middlin #.45: strict good dinary, 595 Fu Ockoner. 608, Decermber. 8.00: Jan: nm 5.99; March, 5.9 U. S. TREASURY NOTES. I-u-—unumy. Bid. kit s S GRS G S §E§§§§§§§§§§§§§“ SRR 'l'lm-—cunmm Jln'd.lv w loant: 35 U S Ind Aleohol (2) 34 U S Leather vic.... 71 U S Leather(A) vte. U 8 Leath pr pf vte., 14% U S Pipe & F (50¢). x 3 US Realty & Imp.. U S Smeit & R (36). 27% U S Steel...... 3% U 8 Steel pf (2 1331 Univ Leaf T pf (3). 19% 12 Univ Pipe & Rad pf 1 UtilPwr&Lt(A). 26% Walgreen Co (1.20) | 120 114 Walgreenpf (6%3). 2\, Warner Bros Pic... 2!3 Warren Bros. ..... Warren Fdy&P (2). 301 Wesson O&S(150c). Wesson Q& Spf4.. West Pa Elec (1) A 36 West Pa Elec pf (6) 39% W Pa Elec pf (1) 95 West Pa Pwptf (6). llfi'& 104 West Pa Pw pf (7). 5! Western Maryland. 14 Western Pacific.... 2%, Western Pacific pf. 20% Western Unton...." 18 Westingh'se A B 50.x 324, Westingh'se Elec. . 90 Westh’; 21% 13 Youngstown S&T.. tAccumulated dividends. followed by dullness during the after- | 5t Transue & Williams 1% Tri-Contl Corp. ... 69 Tri-Contl C pf (6) 425 36 Trico Prod (2%). ‘Tra Coal 24 Twin City 2T 53% Und-Ell-Fisher (2). 44 UnCarb&C 1.80. of Cal (1). 82Y% Un Pacific (§).. v 20% Un Tank Car (1.20). Afreraft. Afr L vte. Bisc (1.60) Carbon 2.40. Corp.....va Corp pf (3). Drug.....es Elec Coal. Fruit 3)... Gas Imp (1) 21 Unit Paperh'd (d).., 10 Unit Piece D W pf. 1's U S Distributing... 4'; US & For'n Secur... 65% U S & For 1st pf (6) U S Freight (1).... psum (1) psum pf (7). 2. 3 B e L~ S L L T " bber. L bber 1st pi o baceo (75). Stores (A) eaf Tob (12 208 408 11 13 Vadsco Sales Corp. 114 Vanadium Corp. 34 Vick Chem (12 2'3 Va-Car Chemical. 17'2 Va-Car Chem 6% nr h pf (A) (d). r Eros Pic pf Fessess #av Vit +140 & 108 408 1 2 Dairy pr A.. se 1st pf 3% ng Steel. ... Steel pf(31). Motor. REMS . Sew Mch pf. & Co (a2sc) Woolworth (2.40}.. 11% Worthington Pump 35!3 Wright Aero....... 73% Wrigiey W ir (13). — Truck.....o Sp& W (11) stwn S&T pf. e 40% Radio Produ 2‘- 2% 3 of Stocks on the N. Y. sun Eachange. 00,000 12:00 Noo « 370,000 480,000 2:00 P.M.. +. 550,000 sales for the day. , 740,000 s given in the above table are the anmuai cash payments based on the latest quarterly or haif-yearly less than 100 shares aPaid this year. dCompanies reported in receivership or being reor: FIRE INSURANCE GROUP MEETS AT IRVINGTON Special Dispatch to The Star. { HEATHSVILLE, Va., June 27—The | | thirty-ninth annual agents’ and di- rectors’ meeting of the Northern Neck | Mutual Pire Association was held at | the home office at Irvington with a | large attendance of the agency force. | W. E. Baker spoke on “Insurance | Problems,” and John R. Campbell, | who has been working for the associa- tion 32 years, delivered an address on “Protection and Prevention by Proper Valuation.” W. R. Rowe, the secretary-manager, spoke on *“Co-operation.” M. E. Dure, the adjustor, discussed the policy contract. Orlando Shelton, secretary-manager of the Dan River Mutual Pire Association of Danville, Va., made some valuable contribu- | tions to the meeting. The association has been operating for the past 39 years, e BIG HUCKLEBERRY CROP IS EXPECTED AT LURAY Special Dispatch to The Star. LURAY, Va, June 27.— Page County'z huckleberry crop is expected to bring in as much as $50,000 to mountaineers and others engaged in ! harvesting it commercially, according to estimates made by old-time dealers. At this time the berries are in the greening stage and promise a bumper crop. The average revenue in past years for the county has been around $30,000. FEDERAL LAND BANKS Ild‘ 1056-36 1955-3, . 1053, l-nl 10235 1003 10034 3 S3; 3 FEEF = SEFETEFTTEE & 2 Y 2 3225 ;E;’;‘;;;E; 2223223233 BRGNP S =4 syt -4 o . # & 3 } STOCKS IRRECULAR AT SESSION'S END | Few Shares Show Declines, but Bulk of List Holds in Narrow Range. What Stecks Did. Advances Declines. Unchanged ..., Total issues..... BY VICTOR EUBANK, Associated Press Financial Writer, NEW YORK, June 27.—The stock market showed quiet resistance today to such developments as a sharp break in the domestic copper price and the decision of another railroad to seek reorganization under the Federal bankruptey laws. 5 A sprinkling of oil, glass, copper and rail shares lost ': to 3 points, but the bulk of the list was barely changed, and a few industrials closed fraction- ally higher. The close was irregular. Sales approximated 750,000 shares, Eyes were still focused on Washing- ton and taxes, and the ability to with- stand the rail and copper news was regarded as springing partly from the fact that both were expected. In the bond market, the decision of the Chi- cago and Northwestern to seek re- organization under section 77 prompted some seling of second grade rails Grains dipped slightly, while eotton was steady. Foreign exchanges moved narrowly. The Chicago & Northwestern stocks, which have been selling at “reorgan- ization” prices for some time, dipped fractionally. In non-ferrous metals, | the break in the price of first hand copper to 8 from 9 cents was partly offset by fresh agitation in Washing- ton for silver. Anaconda and Kennecort lost frac- tions, but American Smelting, U. 8. Smelting and Cerro de Pasco were higher. American Can and Continen- tal rose slightly, and Dupont was firm Such stocks as U. S. Steel, General Motors, and American Telephone were about steady. Oils appeared to meet selling on crude price uncertainties. Amerada dropped 3 points, and Standard of | fAnnual rate pius bPaid New Jersev 1 point. Owens llinois and Hazel Atlas Glass dropped 1 to 2 | points. Washmgton Exchange SALES. Capital Traction 55—8$500 at 97. American Security & Trust Co.—10 at 200 (cash). AFTER CALL. * | Capital Traction 5s—$1.000 at 97. = ' Lanston Monotype—2 at 60. Bid and Asked Prices. BONDS. PUBLIC UTILITY Amer. & Tel 4'5¢ Am Tel & Tel Col 1r Anacostia & For 3s Tel Pctomac_Elec. Wash. Gas 5¢ 14 Wash. Gas 3¢ 196 Gas ‘86 series BL1D 1 Waeh: B05.% Ber oo ] MISCELLANEOUS. Barber & Ross, Inc.. 28 Chase Club 5! M. Cold Storage 5s__ STOCKS. PUBLIC =T Amer Tel & Tel, Weh RN EE SR G NATIONAL BA! Capital (4) Liberty (3 Lincoln, i Riges (%) Riges pid Washington ( TRUST COMPANY er. Sec. & Tr. Co. (R)__*128 I Sav. & -2 100 sh. Loan & T AVINGS BANK Com. & !l\mis (6) FIRE INS| American ( Corcoran (2 Piremen's_71.60) National Union ¢ 607~ TITLE INSURANCE, Columbia (301 . : Real Estate () gl MISCELLANEOUS. Boston & Maine R. R.—Deficit. five months ended Mav 31, was $333,409 vs. deficit WE OFFER Mayflower Hotel 1st Mtg. 5's 1950 With Stock To Yield 5.90% WAaGGAMAN . BRAWNER & Co. o/nc. 1700 Eye St. N.W. Met. 3868 LOANS Applications solicited for Iulu town. cemtrally located business at 5% D. F. McCONNAUGHEY Union Trust Building. National 0837, DIRECTORY COMMODITY Derties Members Chieago Board of Trade- Harriman % Laidlaw A.Oo. . Westheimer & Co. .