Evening Star Newspaper, June 20, 1936, Page 13

FINANCIAL VIRGINIA BANKERS INFINAL SESSION Election of Officers and Ad- dress by 0’Connor on Program. BY EDWARD C. STONE. Virginia bankers were winding up their forty-third annual convention at the Cavalier, Virginia Beach, today with election of officers for the com- ing year and an address by Con- troller of the Currency J. F. T. O'Connor, w h o substituted for Jesse H. 'Jones, injured a week ago in an air- plane accident. James B. Dey, jr. of Norfolk, W a s nominated for the presi- dency during ves- terday’s session to succeed J. Sin- clair Brown. The Associated Press reports that Milton R. Morgan of Eagle Rock was nominated vice president, tnereby being in line for election as president | next vear in accordance with the | custom of the association. C. W. Beerbower of Roanoke was nominated for re-election as secretary and Thomas B. Neal of Richmond for re-election as treasurer. The assistant secretary and the attorney are to be named by the Executive Council. Miss Lillian A. Lendall and J. Randolph Tucker, both of Richmond, are expected to be named again to those offices. Nominated as new members of the Executive Council are: G. W. Mum- ford of Onancock, R. R. Savage of Williamsburg, O. C. White of Rich- mond. G. C. Dickerson of Amelia, H. H. Cooley of Round Hill, Harold T. Brown of Winchester, R. B. Jarrett of Clifton Forge, E. S. Shields of Farm- ville, F. L. Ekins of Fries, A. E. An- derson of Bristol, W. G. Waring of West Point and John T. Duval of Gloucester: Jesse F. Wood, vice president of the State Planters Bank & Trust Co., was one of the leading speakers yesterday, nis subject being “‘Public and Cu tomer lations Begin at Home.” Much of the convention's attention has been turned to public relations, Mr. Wood's remarks proving very timely. Speakers at last night's annual janquet included Rev. Roland Wagner, Norfolk clergyman, and Winder R. Harris, managing editor of the Norfolk Virginian-Pilot and formerly of Wash- Ington. He is at present state chair- man of the Virginia Associated Press Members’ Association. The more than | 300 delegates deciared today that the convention had been one of the most constructive in years, Jesse F. Wood. Bonus Funds Are Reinvested. Washington brokers and bond men | report that some of the bonus funds are being reinvested in stocks and bonds. The amount so far has not been large, however. All the first checks were for than §50. Now the bonds are being paid at the Treasury | and the checks sent to the hnldrrs These larger checks are the ones that | are being reinvested by holders who | hope to get a larger yield than the Government is payi These larger checks are now reach- | Ing the local banks in large numbers and being cashed as soon as identifica- tion has been completed. Some of this money is being left at the banks, most- | Iy in checking accounts. There has | been very little wasteful or careless | epending of the money. so far as bankers have heard. The thrift dis- played by the veterans has proved & | surprise. | The expenditures by the veterans are expected to be shown most clearly in retail trade, and next probably in the | sutomobile industry. These “mass| funds” as they are called, are cerLaml to lift retail trade to still higher levels. | Harrison Talks on Rail Status. Following the issuing of the annual report of the Southern Railway for | 1935, President Fairfax Harrison sent & letter to stockholders regarding the present status of the road. In it he pointed out that 1935 was the successive year in which the had an income deficit, and tha ability to live under such deficits is | explained in large part by the fact that expenses included in 1935 an aggregate of $3.116,520 in ‘book’ charges for de- | preciation.” Southern's main lines have con- tinued satisfactorily productive; the budget problem has been to control ex- penses on local and branch lines, he said. Now the margin between loss and self-support is being narrowed on most of these “poor relations,” he | added. “The need of additions to the supply of rolling stock is now apparent in the growth of ‘hire of equipment’ in inter- change,” he continued. “The remedy for this condition waits on the avail- ability of new capital. Heard in Financial District. The West Virginia Water Service | Co. has filed a registration statement | with the S. E. C. under the securities | act of 1933 for $5,600,000 of 4 per cent first mortgage bonds due 1961. Pro- ceeds are to be used for refunding purposes. The Baltimore Transit Co. has de- clared a semi-annual interest payment of 1 per cent on the company's series “A” 4 per cent debentures and 1l per cent on the series “A” 5 per cent debentures, payable July 1 to holders of record June 20. Rudolph S. Hecht, past president of the American Bankers' Association, will represent the United States at the International Chamber of Com- merce meeting in Paris, June 26 and 27. He will speak on the “Effect of the Economic Depression On the American Banking System.” The Atlantic Coast Line reports $1.59 a share earned on common stock in the first four months of 1936, against 98 cents per share in the like period a year ago. NEWSPAPER ADVERTISING CLIMBS DURING MAY By the Assoclated Press. NEW YORK, June 20.—Printers’ Ink reported newspaper advertising for May increased 1.5 points over April. Last month the magazine's index stood at 86.5, compared with 85 for the preceding month and 80.4 for May, 1935. The index for farm-paper advertising advanced in May to 76.5 from 72.8 for April. — WASHER SHIPMENTS SOAR. NEW YORK, June 20 (#)—House=- hold washer shipments in May ag- gregated 144,823, a gain of 222 per cent over May, 1935, the American pyashing Machine l\hnut‘actmex"‘1 tion reported. High. Low. D. C., SATURDAY, JUNE 20, 1936, FINANCIAL A—13 TRANSACTIONS ON THE NEW YORK STOCK EXCHANGE By P Wire Dlren to nn 8 Prev. 1936 Stock ana 137 9% Adams Exp (a20c) - 35% 177 Adams Millis(a75¢c) 69 58 Afr Reduction (t1)- 2 Afr-Way Elec Appl. 13% Alaska Jun (160c).. 213 Alleg Corp (d) .. 123 Alleg pf w$30w(d)_ 124 Alle pf w$40w(d)_. 12!z Alleg pf xw (d) .. 157 Allted Chem (6) 2315 Allied Mills (b25c) - 6% Allied Stores - 69 Allted Stores pf(6)_ 36% Allis-Chalmers (1). 2% Amal Leather 425 Am Bank Note (1) 65 Am Bnk Note pf(3) 40 Am Brake Sh(1.60) 115% Am Car (*4) _____. +162% Am Can pf (T).__._ Am Car & Foundry.. 57% Am Car & Fdry pf. Am Chain . 21% Am Comel Alcohol 16!4 Am Crystal Sugar 89 AmCrysS 1st pf(6) 3'3 Am Encaus Tiling_. 63 Am & Forelgn Pwr_ 20% Am & For Pw 87 pf_ 5% Am Hide & Leather. .’!7 Am Home Pr (2.40). Am Locomotive pf._. Am Mch & Met a25¢c. 7'5 Am Power & Light 36% Am P&Lt $5 pf(213) 43 Am P&Lt $6 pf (3)._. 18% Am Radiator 25% Am Rolling M(1.20) 56% Am Smelt & Ref(2). "(I'. Am Steel Foundry.. 26 Am Stores (2) 48! Am Sugar (2) 20% Am Sumatra Tob 11. 149'; Am Tel & Teleg (9). 8816 Am Tobacco B (5) 136 Am Tobacco pf (6)_ 19'a Am Water Works _. 54% Am Woolen pf ($2). 28 Anaconda Cop(ai0e’ 15'3 Anchor Cap t60e) _ 97 Anchor Cap pf 6% 37 Archer-Dan-Mid 11. 4% Armour (Illinots) . 66'c Arm'r(Il11)pr pf(6)_ 47% Armstrong C (1%)_ 815 Artloom Corp 36 Assoctated Oil a2iec. 59 Atch To&S Fetbz)_ 21% Atlantic Coast Line. 26% Atlantic Ref (1) 48 Atlas Powder (12)_. 26% Auburn Auto - 5% Austin Nichols 4% Aviation Corp(Del). 3 Baldwin Loco (d) 157 Baltimore & Ohio._. Zl Baltimore & Oh pf. '« Barker Brothers __. w Barnsdall (+60c) atrice Cream (1) Beatrice Cr pf (7) 3's Belding-Hem (1) s Bendix Aviation(1). 20 Beneficial Lo(t1%) 48 Best&Co (t2)_.___ 45% Bethlehem Stee! 16'x Beth Steel 5% (1)_ 110 Beth Steel 7% pf(7) 14% Blaw-Knox (a20c). 167x Boeing Afrplan ~ Borden Co (1.60) Borg-Warner (3) ... 13'; Bridgep't Brass 40c 43' Briggs Mfg (12) ___ 40 Bklyn-Man Tr (3) 4'¢ Bklyn & Queen 8's Brunswick-Balk 9% Budd (BG) Mfg _ 2 Budd Mf 1pd.July16 8% Budd Wheel _ 25 Burr Ad Mch(t60c). Bush Terminal (d)_ 81, Bush Term deb (d)_ 2 Butte Copper&Zine. 16'; Byers (A M) 22 Byron Jackson (1) 37% 30% Caltfornta PKg(1%) 1% % Callahan Zino..___. 6 Calumet&Hec a250. 10' Canada Dry G A 107 Canadian Pacific 6% Carriers & Gen 200_ 921, Case (J ) Co 54% Caterpillar Trlc{l) "lM Celanese Corp a50c.. 25% Cent Aguire (11%). 47% Cerro de Pasco (4)_ 81, Certain-teed Prod 19!s Champ Pap & F (1) 59 Chesapeake Corp(3) 51 Ches & Ohto (2.80) 25% Chi Mail Order 113 15 Chi Mi) StP&P (d)._. 23 Chi & N W (a) 40% Chi Pneu Tool pf. 3% Chi R I&P 6% pf(d) 313 Chi R I&P 1% pf(d) 7 Childs Co 1037 ‘5 3 Chrysler Corp 56’2 727 City Ice&F pf (I%) 102 fil Coca-Cola (2) 555 Coca-Cola A (3) - 13's Colgate- P-P (50c)_. 9% Collins & Alk (a2)__ 19 Colo & South 1st pf 14 Columb G&E(a20c) 90%3 Col G & E pf A (6) 42'; Columb Plc pf(2%). 44 Comcl Credit (3)___ 5. 110 Comcl Cred pf (5%) 55 Comel Inv Tr $3.60 97 Comel In T pf(4%) 15% Comcl Solv (80c) - « Comw & Southern__ « Comw & Sou ot (3)_ 2 Conde Nast Pub___. 10 ConnR&L. R Consol Cigar 724 Con C pr pf ww 635 27'4 Consol Edis N Y(1) 102 Consol Ed NY pf(5) 4% Consol Film 15'% Consol Film pf (!U 11!z Consol Ol (a26c) . 7« Consol Textile (d).. 15% Container Corp _. 10% Contl Baking (A).__. 671 Cont) Baking of (4) 671z Contl Can (3) -ca Ifl Cont’l Diam Fib(2). s Contl Motors "F'fi Cont) Otl of Del(1) 29 Contl Steel Corp(2) 554 Corn Ex BK&Tr (3). 6815 Corn Prod Ret (3)_ 41 Coty Inc - 35 Cream of Wh 15% Crosley Rad(a50c). 43% Crown C&S (1) __. 7% Crown Zelleb’k vte_ 113 Cuba Co 10's Cuba R R pt 6% Cuban-Am Sugar. 2 Cuban-Am Sug pf__ 2 Cudahy Pkg (2%).. 167% Curtis Publishing.. 4 Curtiss Wright ___. 10'4 Curtiss Wright A 1 Curts-W rts..July 3 52 Deere & Co 27 Deere & Co Df $1.40_ 19 Detsel-Wem-G t50c. 147 Del Lack & West_.. 4% Den&R10GW pt (d). 38 Dia Match pf(t13). 18Y% Dist Corp Seag Ltd. 50% Douglass Alr__.___. 29 Dresser A (b13%) _. 53 133 Dupontde N 13.60_. 115% 111% Duquesne Lt 1st(5) 6 Eastern Roll M1lL 281 Eaton Mfg (2) 30% Elec Auto L (1.20).. 10 Electric Boat _ ___ 5% Elec&Mus In(b24c). 6% Elec Pw & Lt 32% Elec Pw & Lt $7 Dt 44 Elec Stor Bat (12).. 45'3 Eng Pub Svc $5 pf 48 Eng P S $5.50 of ww 55 Eng Pub Sve $6 pf 5% Equit Office Bal0c. 11 ErteR R i 29 Evans Products (1) 2% Fairbanks Co._. 34% Fairbanks Morse .. 31% Fajardo Sugar (2) T% Federal Mot T 40c._. 38 Fid Phoe F 1(11.20). 24'% Firestone T&R 1.20. 24'% Foster-Wheeler. 304 Fourth N1 ww a760. 135 11814 Freeport-Tex pf(6) 5815 31! FullerCo2dpf ... 813 Gen Am Investors.. 63 42% Gen Am Trans(1%) 5% GenCable. e 537 Gen Cigar (14) eeee 41% 34% Gen Hlectrio (1).oe 42% 33% Gen Foods (1.30) .a 4‘. 4 GenGas & Bl (A).e .‘4 Gen Mills (3) 120‘7 11715 Gen Mills pf (6) ... 71 53% Gen Motors (13) .- Dividend Rate. Aaa 00. -~ S - S H A AR A RSN BDANDND DB NOD DI 19— IS T D01 10 1 N 2 5 "] & 5 T 00 1o 004 N0 19 1= 0 10 b =8 1 09 1D 1t 0 B et 00 S ek 1D 1 6909 1 9 <3 20 N e e T L 1) 0 EES E T E T @ S 20010 = 29 50 00 i o & " S - AR ENOIN A~ - S Net lllh Low. High. Low. Close.Chge. P FEFER Iy rex +HIHH L+ + 1+ & F F EF FEFF Frss R FEEF F¥ OFSP8E +4 FEES FFEEIY e 4 = & L e FEE s sxEs = INE Rt R EFEFIFEEFEEL F +1 i & 4410 Fress e s W FELEFEFR 11 59% + % 38% — % 425% + W 82 65% 64% 65% + % 1930 Stock and Bales— Dividend Rate. Add 00. 122 118 Gen Motors pf (5). 8% 5% Gen Outdoor Adv 108 105 Gen Print Ink pf(6) 6% 3% Gen Public Service. 3% 2 Gen Realty & Utll__ 18% 15 Gfllette Saf Raz(1). 13% 6% Gimbel Bros _ - 55% 39% Glidden Co (2) . 114% 1047 Glidden Co pr pf(7) 7 Goebel Brw C(t20¢) 15% Gold Dust (1.20).__ 13% Goodrich (B F) 78 Goodrich (B F) Df-. 21% Goodyear T&R ____ 2% Graham-Paive 1's Granby C (2d stpd) 3's Grand Union ctfs _. 2815 Grant (W T) (1.40). 321% Grt Northern pt 31 Grt West Sug (2.40) 48% Greyhound C’p 3.20. s 33 Hack WpfA(1%) 119 109 Hamilton W pf ($5) 41% 30% Harbison Walk(t1) 9 4% Hayes Body i 105's 84 THercules Powd (5)_ 135 128 Hercules Pdr pf(7). 4474 30'% Holland Furnac 9% Holly Sugar (1) 2's Houd-Hers (B)1% .. 6% Houston Ofl vte ___ 48% Howe Sound (13) 1313 Hudson Motor Car_. 1 Hupp Motors 114% 90 Inland Steel (3) 13% €' Inspiration Copper.. 187 11'; Interboro R T (d).. 15% 97 Interlake ilron 49% 35'5 Int Cem: 90'; 56% Int Harvi = 160 1483 Int Harvester pf(7) 514 2% Int Hydro Elec (A). 4'3 Int Merch Marine 43% Int Nickel(Can)1.20 3% Int Paper & Pw(A). 1% Int Paper & Pw(C). 20'; Int Paper & Pw pf_. 23 Int Sait (134) 47% Int Shoe (12)_. 50 IntSflverpf .. 121 Int Tel & Tel - 10% Interstate Dept Str. '3 [sland Creek (2) __ Johns-Manville(2)_ 75's Jones&Laugh7%pt _ 13 Kans City Southern 4« Kans City South pf_ Kelsey-Hayes (B)_. Kelvinator (t50c) Kennecott C (1.20) _ Keystone Stl & W. 30 Kinney (G R) pt __ 110% 10315 Kresge (S ) pt(1). 28 22% Kroger G&B (1.60) 47% 32 Laclede Gas St L ptf. 26% 194 Lampert Co (2) - 4 2'x Lehigh Valley Coal. 14% 8i: Lehigh Valley R R_ S7'4 Lerner Stores (2) _. 47% Libbey-Owens G(2) 19 Lilv Tullp Cup(1%) 43 Loew's Inc (12) _ 3% Long Bell Lum (A). 142 Lorilard P pf (7) 13 La Oll Ret pf (4) _. 20 Louisv GE&EDIA 1% 22% Ludlum Steel (1) _, 124% McCrory Stores ... 39% Mclntyre Porcu(2). 8% McKesson & Rob_ 27% Mack Truck (1) 40's Macy (R H) Co (2)_ &% Madison Sq G t60c_.. 3415 Magma Copper (2) _ 171 Manhat Shirt (60c). 813 Marine Midid (40c) 18% Market St Ry pr pf._ 27'; Mathieson Alk 13 _ 43% May Dept Strs (2)_ 9713 Mead Corp pf ($3)_. 50 Mengel Co pf 40% Mesta Machine (3). 5% Miami Copper Atid-Cont Pete a40e 4 21% Midl'd Stl Prod (1. 110 Mid Stl 1st pf (8) _ 6'2 Minn Moline Pwr _ 2% MSt P&SS Mlisin_ 16% Mission Corp .. 1415 Mo Kans & Tex pf__ 79 Monsanto Chem(t1) 35% Montg'y Ward(80c) % Mother Lode 28% Motor Products (2). 114 Mullins Mfg (B) 14 Murray Corp - 16% Nash Motors (1)... 121; Nat Acme Co = 913 Nat Aviation 314 Nat Biscuit (1.60). 153 Nat Biscuit pf (7) 21's Nat Cash Reg(60c). 21 Nat Dairy P (1.20) 108!; Nat Dairy P of A(7) 25% Nat Distillers (2)_. 9% Nat Pwr&Lt(60¢) Natl Steel (1%4) .o Nat Tea (60c) - Natomas (180¢) - Newberry J J(1.60) Newport Industries NYCentraiRR N Y Chicago & St L. N Y Investors (d) .. NYNH&H (d) - NY NH & H pf (d) 93 N Y Shipbutlding.. 57 N Y Shipbldg pf 83 N Y Steam pf (6)- 6% North Am Aviation. 23'5 North Am Co (1) 24 Northern Pacific__ 2 Norwalk Tire&Rub. 12!; Ohio Ol (50e) . .___. « Oliver Farm Equip- 17% Omnibus Corp vic_.. 8 Oppenhetm Collins_ 24% Otis Elevator (60¢c). « 13 Otis Steel 128 Owens-11l Glass(5). 214 Owenc Ill G.July 2 14 Pac Am Fisn(az5e). 314 Pacific Coast 4'% Pacific Coast 2d.. 30% PacificG& E (1%). 674 Packard Mot (a25¢) 132 Paraffine rts_July 1 7% Paramount Pictur 59 Paramount 1st pf_. 3% Park Ut 23 Parker Rust P(l‘/x) 4'4 Parmelee Transp't. 7 Pathe Film Corp..— 1% Peerless Motor __ 69 Penney (J C) (13) 3% Penn Coal & Coke __. 41; Penn Dixle Cement.. 28Y% Penn Rallroad (al). 38 Peoples Gas Chi 6415 Pere Marg pr pf 14 Pfeiffer Brew(1.20). 8114 Phila Co pf (6) new.. 1% Phila & Read C&1 66 Phillip Morris (1)-. 38% Phillips Petrol(t1). 1% Plerce Petroleum ... 715 Pitts Screw & Bolt_. 15% Pitts Term Coal pf-. 3 Pitts United Corp. 21 Pitts& W Va 11% Plymouth Oil(a25c) 12 Poor&Co (B) .. 404 Proctor&Gam(1%). 122‘a 117% Proc & Gam pf (). 48% 39 PubSveNJ (2.40). 487 367 Pullman Inc (1% 247 16% Pure O1 133% 103 Pure Ofl pf (8) .. __ 17% 9% Purity Bakeries 40c 14% 9% Radio Corp 6813 Radiocu 1stpf 3 %_ 5 Radio-Keith-Or(d). 11 R R Sec Il Cent 18% Remington-R (60c). 4% Reo Motor Car 167 Republio Steel 75 Republio Steel pf _. 78% Repub St1pf A (6). 24Y% Revere Copper (A)- 90 RevereC&Bpf . 50 Reynolds Tob B (3) 30 Safeway Stores (2). 223% St Joseph Led(80c). 2% St L-San Fr pf (d) . 38% Schenley Distase. 97% Schenley D pt (5% ) 1% Schulte Retail Strs. 5314 Scott Paper (1.80)-. 30% Seab’d Oil(Del) (1). 59% Sears Roebuck (2).. 15% Servel Inc (60C) - 20% Sharon Steel Hoop-. harp 14% Shell Union Of) - 9% Sflver King (40¢) - 19% Simmons COeeeuum 4% Simms Petrol .. 19% Skelly Ofl._. 42 Smith (AO) - —cceee 22% Snider Packing.- .. 12% Socony-V Ofl (40¢c)- 4% So Am G & Plallc_. 26 So Porto R Sug (3). 25 South Cal Ed (1%)- 23% Southern Pacific- - 12% Southern Rallway. l% Southern Ry pf EN Sparks-Withington. h. Low. Close.Chge. WA an e S8 B M e AR =S~ e AT a0 a0w ™M poyes- ARSI RN Flt+ FEE LA EIA L 4 +1 + w= S - oo - T P N L Tt Y R Te ey Prev. 1036 Stock and High. Low. Dividend Rate. 16% Sperry C vte b2se_-. 11 63 Splegel-May-8(3).. 3 14% Stand Brands(80c)_ 10 Stand Com Tobacco. 5% Stand Gas & EI (). 915 Stand G&E $4 of (d) 26% Stand G&B $7 pf(d) 2 Stand inv Corp 35% Stand O of Cal (11). 32% Stand Oil of Ind(t1) 51% Stand Ofl of N J (11 65 Sterling Prod (3.30) 16% Stewart Warn(60¢). 14% Stone & Webster... 9% Studebaker Corp.... 72 Sun Ol (11) - 9% Superior Steel. ... 20% Swift £€0 (1) eeeee 134 Symington (d 6% Telautograph (606)- 5% Tennessee Corp. ... 287 Texas Corp (1) ___. 33 Texas Gulf Sui (2). 74 Tex Pac Coal & Ofl_. 9% Tex Pac Land Trust 8'4 Thermold Co. 3% Third Avenue 4% Thomypson Sta: 14% Tide Wat Asso 60c... 12% Timken-Detroit 56 Timken R B (12)___ 11 Transamerica a3lo. - = - - B T e N - e T 2215 20th Cent Fox Film. 31% 20th Cen Fox pf 1%. 8% TwinCity RT__.___ 4% Ulen &Co .. - 9% Und-Ell-Fish (3)__. % Und-EllI-F___July 6 3815 Unton Bag&Pap (2) 71% Un Carb&Carb 2.40 20% Unton O1l of Cal (1) 108's Union Pacific (6) . 22% Un Tank Car (1.20)_ 20% Unitea Atrcraft 13 United Alr Lines 53 United Corp . 40% United Corp pf(3)._. 10% United Drug - 15 United Dywood (al) 324 UnitEng & F t1% .. 6613 United Fruit (3) __ 14% United Gas Imp (1). 13 US& For'n Secur... 24 US Freight (1) ... 80's US Gypsum (2)_ “00 High. Low. Close.Chge. | High. Low Net Prev. 1936 Stock and "Nev Dividend Rate. 00 High. Low. Close.Chee. 20% + W | 14% 8% US Hoftman 8 12% 11% 12% +1 59 SB', 69% — % 331 U S Ind Alcohol (1) 36% 36 36w — 2 15% 1574 + W 9% 6% US Leather vie __ 6% 6% 10% 10% 41% 21% USPipe&F (1%)-. 42% 7% U S Realty & Imp... 9% 14% 144 35 16% U S Rubber _.___ % 20% ¥0% 47 U S Rubber 1st pf_. 74 96); 8414 U S Smelt&Ref (a 864 72% 46% U S Steel __ 62% 132% 115% U 8 Steel pf 2 127% 7% 5 United Stores ( S 115 50 Univ Plc 1stpf _ 10115 3% 1% Univ Pipe&Rad (4). 1% 7 3AUUHIPwr&Lt(A).. 3 % 2% 1% Vadsco Sales Corp. 1% 6% 6% 13 38% 39% 2% 2% 874 37% 3374 59% 697 18% 19% 11% T84 11 dHELHFL D+ lll llflh Y % » bed I +1+401 1 +1 1+ 21 114-1 109 Va El & Pwr pt 1% 10% 5 Wabashpt A (d) & 1574 9% Waldort Syst (80c). 6% 30 Walgreen Co ((2)-. 33% 51 Walworth Co____ 35% 2'x Ward Baking (B)__ 10% 9% Warner Bros Ple___ 10% y 13 Warner-Quin (d)... 105% 91% W 11:00 A.M. rations 4% Warren Bros - 78 Wesson O&S pf (4) Pa Elec (1)A. 9813 87 West Pa Elec pf(6) 110 96 West Pa Elec pf(7) 116 111% West Pa Pwr pf(6). | 121 116'; West Pa Pwr pf(7). 5% Western Pacific pf_ 72'; West Union (a2) _. 485 34% West'gh'se A B (1). 1227 94'; Westingh'se El (3). 3 50 Wheel & Lake E pf_ 1008 18% White Motor ... 2 14's White Rk M 8(1.40)x 2 3% White Sewing Mch._ 1 7% Wilson & Co (50¢) . 24 70%; Wilson & Copt (6)- 5 44% Woolworth (2.40) .. 12 23w Worthington Pump 1 66 Wrigley W ir (13)_ 8% Yellow Truck 41% Youngstn Sheet & T 7 65 b 654 11'a Zenitn Radio 11 245 24% 57x Zonite Products - 3 64 6% Approximate Sales of Stocks on the N. Y. Stock Exchange. | 140,000 12.00 Noon. 320,000 Dividend rates as given In the above table are the annusi | cash payment based op the latest quarterly or half-yearly decla- s Unit of trading less than 100 shares tAnnua) rate—not | including extras ~_Accumuiated dividends aPaid this sesr. | s, .. |bPald st year_ dCompanies reported in receivership or being 94% +1% | reorganized x Ex-dividend | R Gold Currencies And Dollar Gain In London Trading B the Assoclated Press. LONDON, June 20.—Gold curren- | { cies and the United States dollar| strenghtened in a quiet foreign ex- | change market today as a result of French Finance Minister Auriol's | § statement yesterday. The doliar gained 11-16, closing at 5.01 15-16 to the pound, as compared 5.02's. The French franc finished at 76.18 francs to the pound, against 76.41 yesterda: 'NEW YORK BANK STOCKS NEW YORK. June 20 (# —New York Security Dealers' Association: . Asked INSURANCE STOCKS NEW YORK. June 20 (P! Secuirity Dealers' Association. _ ¢" Yo' Aetna il G Al net g’gn\; FA‘“&}II »;H) Siobe & Rep (1ag Globe & Rut ' " Grest Amer | Hcme Ins (1a) Homestead (1)_ Lincoln Fire __ Natl Pire (3)_ Natl Liberty Prov Wash (1) St Paul Fire (6)_ pringfield (4'2a)_. 16 Westchester (1a) a—Alo extra or extras &—Declared or paid so far this vear. INVESTING COMPANIES NEW YORK. June 20 (@ —New York Security Dealers’ Assoclation: i Admin Pd “nd Inc | Am Gen Eq Inc __Z_"77 Am Business Shrs _ < Am Ins Stocks ____ 1 T | Basic Industry Broad Street Inv Bullock Pund _ __ Corporate Trust _ Corporate Trust "AA___J Corp Tr AA mod Corp Tr Accum Ser ____ Corp Tr Acc Mod .. Sumulative Tr Sh ° Depos Ins Shrs "B . | Diversified Tr C ___ | Dividend shrs Equity Corp $3 pf _ Fidelity Fund Inc _ | Fixed Trust Sh A _ Fixed Trust Sh B Fund Investors Inc _ Fund Tr Shrs Fund Tr Shrs B Gen Inyestors Trust __ Group Sec Agriculture Group Sec Automobile Group Group Group Group Group Group Group Group Group Huron Holding Incorp "Investors Inv Tr N Y Coll | Investors Fd_“C” Investors Fund of Am .2 Major Shares Corp Maryland Fund Salmam SRR [y o> Do toy 13 T 1S B33 29D 0 D Supervised Shrs new Trustee Stand Inv C .. Trustee Stand 51;"“1.3 BIR3RZGRRIRIZFR3. NWODOM=ZDZD Truisteed N U. S. TREASURY NOTES. (Repo! !dlychn D._Barney & Co.) L ofd-az 100 fo 133 Do lgl 3] -32 10.: 1-33 102 4-32 63! 2 102 LR R R R R bbb ke 322° ° 232500550 GE A 557 Wis'Min LB 55 '35 NEW 130; -mq o gtandards and BONDS ON THE CURB MARKET. DOMESTIC BONDS Alabama Alabama | with the overnight New York rate of | : Asked. | G 2| G P&L 4125 'C Kentuck U 5s H Ken Uul D ?Lead Production Continues Stead STOCKS ENDWEEK AT STEADY LEVELS Few Steels, Motors, Farm Implements Up Fractions to Point or More. Stock Averages Ui stes Net change. +4 +1 2 o3 Today. close 85.4 486 638 Prev. day. . 85.0 484 635 Month ago. 815 460 60.7 61.6 246 329 452 858 7T 508 648 134 2 434 55.7 763 312 44.7 561 1935 1oW.... 49.5 185 21.6 348 1932 low-__. 175 239 169 1929 high...146.9 153.9 184.3 157.7 1927 low____ 516 953 618 618 (Complled by the Associated Press.) BY VICTOR EUBANK, Associated Press Financial Writ NEW YORK, June 20.—Selected ine | dustrials were given a quiet forward | push in today's stock market while | many issues were virtually neglected, A fqw of the steels, motors and farm implements advanced fractions to a point or more. Transfers were around | 350.000 shares. The close was steady. Speculative and investment quare ters seemed to be awaiting final cone gressional action on the new revenue measure before taking a more aggrese sive attitude toward equities. Business news continued as a sustaining market influence. Amoyg the more popular shares werg J. 1. Case, Chrysler. General Motors, United Sta Steel. Bethlehem, Youngstown Sheet & Tube, Douglas Aircraft, Standard Oil of New Jersey, Owens-Illinois, Westinghouse, Johnse Manville, Woolworth, Sears Roebuck, Western Union, American Telephone, Rise During M::lv Ey the Associated Press. ’ NEW YORK, June 20.—The Amer- | ican Bureau of Metal Statistics re- | ported today May production of lead in the United States amounted to 41.- 551 tons, compared with 38,073 in April and 37,358 in May, 1935 Stocks at the close of May totaled 299,409 tons, against 220911 at the end of April and 225,057 at the end | of May, 1935. DIVIDEND ANNOUNCED | NEW YORK. June 20.—Dividends de- clared (prepared by the Standsrd Statisiics Corp.) | Extra, Pe- Stock of Rate riod. record | Automooile Banking__50¢c - Increased. Southland Royalty____l0c Q Accumulated, First Nat C Port $2 A _5¢ . Revised Continental Insur AR 617 P K13 6-15 FEDERAL LAND BANKS NEW YORK. June 20 » — 1 Land Bank bonds Feqes DOORWPID DOD D DOWOOOOMUD . f5 | | | Bid Atked 4145 Nov rons, 40 3143 May 3135 Jan 3133 Jaly 3 £ cHICAGO srocx MARKET 106 106 2 e 210371 110 * 110 042 941, 1053 105% 10635 1063 FOREIGN BONDS Pomeran Elec 6s Russ 6l2s_'19 Do 1% Unit EI 8 75 ' 7 60%% ww—With warrants. xw—Without war- rants. _n—New. wi—When issued. st (stp) —Stamped {Nexotiability impaired by maturity. Companies reported in receivership, FOREIGN EXCHANGES. YORK. June 20 »?—Pot!gn ex- change irregular; Great Britain in dollars, others in crms Great Britain, demxnd )115; cables, 5.01 A France, demand, 6.5 Italy. demand. 7.87 Demands—Belg free. 40.31: res. Holland, 67.80; 25.86: 'Denmark. 2.4 Switzerland, 32.54: Spai) zal, 77 94: Pol 4.13:" Yugoslav n: Ungary, Arnnum Hongk W g Iy : ongkong. ico Montreal in New York. 06.68%; New York Montreal, 100.31%. NEW YORK PRODUCE. YOR.K Jlme 20 (). —Butter, 14,- 'm:_Pprices unchanged. n.. ffm and unchaneed. teady. By freight: Roosters 132 e;“ ‘frelght arid all express prices unchani Eggs, 28.714: trregular. Mixed eolors. commercial standards CHICAGO. June e complete official siocks on the Chicas Sales STOCKS 20 Advance Alum Allied Prod A & 100 Brown F&W A pf 50 Butler Bros 100 Castle A N Elec 0 Kalamazoo Stove Katz Drug 100 Manh Dearborn 200 McGraw Elec 10 McQuay Norri 200 Merch & Mirs A - 300 Mia West Carp- - Midland Unit .~ _ ine 600 Pines Winter 430 Process_Corp 50 Public Svc n p 300 Raytheon vtc 100 Raytheon vtc pf 20 Rollins Hos cv of U. S. TREASURY POSITION. By the Associated Press. The position of the Treasury June 18 Receip! 5.9: ex < 11: a0 g-i\xlwml recepts Tor the month. 8 Recei ts for thr flscll yelrd""smce July .5 ur 45 inciuding €5 1HRS 1.1 96 of emergency cxpenditures) . excess of | exgen itures. $4.652.660.044.34: gross $34.170.874.070.08, & decrense of | .00 under ihe (Previous day. ‘ ’compluhle .64 expendi- net hhnce P61 | receipts for the e 4 3 | including $3.491.466. of emersency | expenditures. 3 [ 360,013,670 01 debt. $28.657 209, 068.53; gold assets. $9.098,453.0 FOREIGN EXCHANGES. LIVERPOOL. June 20 U —Wheat fu- tures closed very strong. ad: 1y in sympathy with yesterd: in_the North American markeis and fur- ther unfavorable American Spring wheat reports. Cotton futures closed 7 to 11 points higher on the stronz statistical and spot fitustions. with trade caliing and snecu- | laiive ‘Loncen and Paris—Closed. Consolidated Edison. North American, U. S. Hoffman Machinery and Deere The majority of the rails were about ! even'to a shade improved. American Can. Gen Electric. Gold Dust, Goodyear, National Distillers, Radio, American Water Works, Packard and United States Pipe & Foun held to a narrow zone. Some demand for stocks of Chrysler, Standard Oil of New Jersey and others was understood to have been predie cated on the belief that, with the new tax bill penalizing retention of profits by corporations, these companies will be in a position to vote much larger dividends this year. CHICAGO PRODUCE. CHICAGO. June Money £o: Construction Loans «nd Loans on Improved Properties 5% FIRST DEED OF TRUST ONLY : | GEORGE . BORGER Suceessor to the Business of JAMES F SHEA 643 Indiana Ave. N.W. On Homes and % Small Business Properties For Three or Five Years —or Monthly Payments HARRY LUSTINE 819 11th St. N.W. Phone NAt. 2844 1,9% MONEY AVAILABLE For Construction Loans and Loans on Improved Properties in the District of Columbia. Prompt Action on Applications Real Estate Mortgage & Guaranty Corporation 1610 K St. N.W. NAtL 1403 CONSTRUCTION LOANS and LOANS ON IMPROVED PROPERTY in the District of Columbia, Nearby Maryland and Virginia 5%% Prompt Action B. F. SAUL CO. 925 15th Street Natl. 2180