Evening Star Newspaper, June 24, 1936, Page 20

L L2 D UNDERWRITERS WILL CLOSE YEAR Big Attendance Expected. McCombs to Turn Over Gavel to Riggles. BY EDWARD C. STONE. District of Columbia life under- writers expect a record attendance at the final meeting of the year tomor- row night at the Willard Hotel when - . the associauon’s 8 retiring president, J. E. McCombs, will turn over the | gavel to his suc- cessor, Laurence | H. Riggles. Awards are also | to be presented to those hustling agents who did the most busi- ness in Washing- ton during “Na- tional Insurance Week.” The other new officers are to be installed. The awarding of trophies will include five such presentations. Certificates will also be awarded to 12 agencies who have 100 per cent membership in the association. In addition to Mr. Riggles. the new officers elected recently include Dwight T. Scott, first vice president; Win- throp G. Batchelder, second vice pres- ident: Richard W. Griswold, treas- urer, and Loren L. Cluster, treasurer. President McCombs announces that ©O. Sami Cummings, Dallas, Tex., sec- | retary of the National Association of Life Underwriters, will be the guest speaker. He is a director of the American College of Life Under- writers, has written many magazine articles and lectured extensively in colleges and universities on the sub- Ject of life insurance. He was inter- national president of the Kiwanis Club in 1928-29. His subject will be *Life Underwriting Success in 1936." The night meeting will pe an inno- vation, as all the other monthly meet- ings of the year are held at noon. Bonus Checks Used on Homes. Building and loan association of- ficials reported today that a very gen- ercus number of the checks derived from the veterans’ bonus bonds are being applied on the payment of notes on homes. During the past few days & high percentage of the business done at the counters has been by veterans who are paying off real estate notes or investing their money in new accounts these officials state. These reports are in line with pre- vious predictions. It was stated be- fore the bonus checks were mailed to the veterans that many of them were planning to use a large proportion of their funds in making first payments on houses or reducing notes of more or less long standing. Building and loan officials claim that more bonus money is being taken to their offices than is being used for automobiles or any other purposes, except in retail trade channels. The views of these officials agree with those expressed by many bank- ers who say that the bonus money is being used very carefully and that many of the bonds are not even being cashed at this time. reports prove this. Two Banks Vote Dividends. Directors of the National Bank of J. E. McCOMBS. Washington at their regular monthly | meeting held today, declared a semi- annual dividend of $3 per share on| the capital stock, payable July 2 to shareholders of record on June 24. Transfer books will be closed between | these dates. At the regular June meeting held | yesterday, the Board of Directors’ of | the Liberty National Bank declared a dividend of $1.50 per share, pay- able July 15 to stockholders of record at the close of business July 6, Presi- dent M. F. Calnan announced today. Transfer books will not be closed. Alexander Brown & Sons of Balti- | more and Washington have been awarded $345,000 Hagerstown, Md., water bonds on their bid of 101.379 for 3s. The bonds are dated July 1, 1936, and mature 1957 to 1973. Stein Bros. & Boyce and associates were second, bidding 102.609 for 34s. A bid of 100.599 was offered by W. W.| Lanahan & Co. for 3s. The issue was | reoffered on a 2.80 to 2.90 per cent basis, according to maturity. Building Permits Take Jump. Building permits issued in the fifth Federal Reserve district cities for May, ghow a sharp increase over those in | the same month last year. For May of this year there were 3,242 such permits as compared with 2,892 in| May, 1935. The valuation of these permits last month totaled $6,462,132 as against $5,857,857 in the corres- ponding month a yeaf ago. Norfolk & Western Railway reports for five months ended May 31, 1936, net income of $11,902,645 after taxes and charges, equal after dividends on 4 per cent preferred stock, to $8.19 a share on 1,406,483 shares of common stock. This compares with net in- come in first five months of 1935, of $7,638,651 or $5.16 a common share. James D. MaGee, municipal secre- tary of the Investment Bankers' As- sociation of America since December, 1934, has resigned that position to be- come connected with the investment firm of Braun, Bosworth & Co., To- ledo, it was announced by Orrin G. ‘Wood, president of the association. Today’s Trading on Exchange. ‘Today's trading on the Washington Btock Exchange opened with $1,000 Capital Traction 5s changing own- ership at 91, up fractionally from yes- terday. Another bond sale included $5,000 Washington Gas 6s, series B, at 100%. Riggs National Bank common ap- peared on the board again today, seven shares moving at 270. Capital Tran- 8it stock opened at 14': and ad- vanced to 14% on a total turnover of 20 shares. Mergenthaler Linotype was again strong, two 10-share lots changing hands at 45%, up % from the last previous and a new high mark on the present move. It closed with 45 bid and 47 asked. The Lincoln National Bank, Na- tional Bank of Washington, Bank of Bethesda and Bank of Commerce and Savings stocks are now being quoted ex-dividend, pending payments of dividends in a few days, which have already been declared. The American Bantam Car Co., or- ganized Jupe 2, 1936, to manufacture and sell a small gasoline motor driven automobile of conventional design, has filed a registration statement with the 8. E. C. under the securities act of 1933 covering 100,000 shares 6 per cent preference and 600,000 shares of common stock. e e Columbia Pictures Corp.—Company Latest Treasury | will release 58 feature films and 126 short subjects during the 1936-37 BB 5015 118 13% 35% 28 6915 61 1% 4% 30% 2913 457 208 FINANCIAL. B85 Private Wire Direet to The Star. Sales— Stock ana Dividend Rate. 42 Abr & Straus (1.80) 111'% Abr & Straus pf(7). 9% Adams Exp (a20c¢). 17% Adams Millisca%bc) 221 Address'graph 60c 58 Air Reduction (t1). 2 Atr-Way Elec Appl. Alaska Jun (t60¢).. Alleg Corp (d) Alleg pf w30wid)_ Alleg pf w40w(d).. Alleg prof (d) ... Allled Chem (6) Allied Mills (b25¢)- Allled Stores Allled Stores pf(5) - Allis-Chalmers (1). Amal Leather Amerada Corp (2).. Am Ag Chm Del(3) Am Bank Note (1) Am Brake Sh(1.60) Am Brake Sh pf 5% Am Car. (t4) Am Car & Foundry. Am Car & Fdry pf_. Am Chain Am Chicle (4) Am Colortype . Am Comel Alcohol . '4 Am Crystal Sugar Am Crys S 1st pf(6) 2 Am Encaus Tiling.. Am & Foreign Pwr_ « Am & For Pw §7 pf_ Am & For Pw 24 pf. Am Hawatlan (1) . Am Hide & Leather Am Hide & L pf (3) Am Home Pr (2.40) Am International.. Am Locomotive .. Am Locomotive nf Am Mch & Met a2bc. Am Metal 2 Am Power & Light Am P&Lt $5 pf(2%) Am P&Lt $6 pf (3)_ Am Radiator Am Rolling M(120) Am Safety Raz (6). 2 13% 2% 12% 12% 27 157 231 Ref(2). Am Sm& Ref pf (6)- Am Snuff pf (6) __ Am Steel Foundry_. Am Stores (2)_ Am Sugar (2) _ s Am Tel & Teleg (9). 4 Am Tobacco B (5) __ Am Type Foundry_. Am Water Works Am Woolen Am Woolen pf (t"). Am Writ Paper (d). Am Writ Pap pf (d) Am Zinc & Lead - Am Zinc & Ld pr pf. Anaconda Cop(a50c Anaconda W (a’lc) Anchor Cap (60c) _. Archer-Dan-Mid t1_ Armour (Illinots) - Arm'r(111)pr pf(6)_ Armstrong C (13%)_ 4 Arnold Constab 50c. Artloom Corp Asso Dry Goods Atch To&S Fe(b: Atch To&S Fe pf(5) Atlantic Coast Line AtlGulf & W Ind 2 Atl Gulf&W Ind pf Atlantie Ref (1) Atlantic Ref pf (4). Atlds Powder (12)_ Atlas Tack ( Auburn Auto Austin Nichols Austin Nich pf A Aviation Corp( Del) Bajdwin Loco (@) Baldwin Lo asd (d) Baldwin Loco pftd) Baltimore & Ohto _ Baltimore & Oh pf_. Barker Brothers_ Barnsdall (t60c) Bayuk Cigar (75¢) -. Beatrice Cream (1). Beech-Nut P (13)__ Belding-Hem (1) . Bendix Aviation(1). Beneficial Lo(t1%) Best & Co (12) Bethlehem Steel . Beth Steel 5% (1)__ Beth Steel 7% pf(7) Bigelow-San (a50c) Blaw-Knox (40c) Bloomingdale (40c) Boeing Airpiane Bohn Alum & Br(3) Bon Ami A (4) Borden Co (1 60) . Borg- Warner (3) Boston & Maine : Bridgep't Brass 40c Brizgs Mfg (12) Briggs & Strat «3).. % BKlyn-Man Tr (3) _ Bklyn-Man T pf(6). RKlyn & Queens Brown Shoe (3) _ Brunswick-Balk % Bucyrus-Erle Bucyrus-Erfe cv ot Bucyrus-E pf $33% _. Budd (EG) Mtz Budd Mf 1pd.July16 Budd Wheel Burr Ad Mch(160c) ¢ Bush Terminal (4) Bush Term B of cod Butte Copper&Zine Byers (A M) Byers (A M) pf Byron Jackson (1). i Caltfornia 1’k (1%) Callahan Zinc - Calumet&Hec a250. Campbell Wy (t1)._. 104 Canada Dry G A __. 107 Canadian Pacific._ 9215 Case (J 1) Co 54% Caterplillar Trac(2) 21% Celanese Corp aS0c. 19 Celotex Corp 54 Celotex Corp pf 25% Cent Aguire (f112). 35 Central RROINJ_ 47% Cerro de Pasco (4)_. 8% Certain-teed Prod .. 80% Certain-teed Pr pf 19'3 Champ Pap & F (1). 4101 Champion Pa pt (6) 1158 110% 5% 59 Chesapeake Corp(3) 51 Ches & Ohto (280)_ 1% Ch1 Grt West (d) .. 4 ChiGrt W pf (d) 25% Chi Mail Order 115 11 Chi M1l StP&P (d) - 2% Ch1 M StP&P pf (d) 1215 Chi Pneumatic Tool 40% Chi Pneu Tool pf ... 1% Chi R 1 & Pac (d)._. 315 Cht R 1&P 1% of(d) 19% Chi Yellow Cab (2). 20 Chickasha C O (2) ‘7 Childs Co S 4 Chrysler Corp (6) 1'5% City lce & Fuel (2) 2% City Lce&F pf (6%) 23% Clark Fquip (80¢).. Add 00. High. Low. 50% 50 112 111% 12 11% 20 20 26 69% 4% 8 190s 62 BRaw o re S es . - oo e g ts D B12 1208 7 ok 35 Clev Graph Br(11) x 1 48 Cluett Peabody (1). 84 Coca-Cola (2) 13% Colgate-P-P (50c) 39% Collins & Afl (2) ... 8% Colonial Beacon 3% Colo Fuel & It (d)__ 24 Colo F & 1 pf (d) 2114 Colo & South 16 Colo & South 2d pf_ Columb G&E(a20c) Colum Plet vte(t1). Comel Credit (3) . Comcl Cred pt (5%) Comecl [av Tr 13.60. 110* Comel I T cv pt «6). 97 Comcl In T pf(4%) 15% Comcl Solv (6vc) .. 24 Comw & Southern 59% Comw & Sou pf (3). 32% Congoleum-N 10 ConnR& L. 8 Consol Cy 67 Consol Cigar pf 2 Cons Coal (Del) vte 124 Con C'l (Del) vte pt 27% Consol Edis N ¥(1). 4% Consol Film 15% Consol Film pf (Xl 37 Consol Laundries._ 11% Consol Ol (a2be) 6% Consol R R Cuba pt. " % Consol Textile (d)._.. 15% Contatner COrp. .. 10% Contl Baking (A).— 1% Conti Baking (B)... 67% Contl Baking of (4) 671 Contl Can (3) 18 Cont’l Diam Fib(2). 35% Contl Insur (11.20). 2% Contl Motors 281% Contl O11 of Nel(1) 29 Contl Steel Corp(2) B5% Corn Ex Bk&1Tr (3). 6834 Corn Prod Ret (3)-. 4% Coty IDe._ . - cocceme 85 Creamof Wh )aee ) 16 1680. 2’(1’ 10 5% 10208 29'% 10s 31 24% 19% 85% 62% 113t T4 THE EVENING STAR, WASHINGTbN, D. €, WEDNESDAY, JUNE 24, 1936. Close.Chge. 50'% 112 1% 20 26% — W 697 + % 4% 13% + W % 24% T4+ 4+++4 113% +1% 113 424 15% - % 3% — % 0% - % 28% 63% 4T% 10% 41 115 2% 181 14% 102 44% 24% 9% 21% % 65 115% 111% 9% 6 156 171 37 4% 114 110% 1% 10 llfl'-lll) 3314 483 s 16% 115 10414 '!5& 1051 4474 111 144 37 | 112 544 A.l)l 44' o 87 108 108 Stock ana Dividend Rate. 15% Crosley Rad(a50c) 43% Crown C & 8 (1) 45% Crown C&S pf(2.70) 7% Crown Zelleb'k vte. 28 Crucible Steel 9513 Crucible Stl pf (32). 114 Cuba Co 10% Cuba R R pt 6% Cuban-Am Su 6315 Cuban-Am Sug pf_. 35's Cudahy Pkg (2%).. 167% Curtis Publishing.. 4 Curtiss Wright __ 10% Curtiss Wright A __ 14 Curts-W rts. July 3 43Y% Cutler-Ham (t1)__ 7‘& Davega Stores t30c. 16 408 Deere & Co pf $1.40. Wermn-G t50e Delaware & Hudson Devoe&Rev(A) (2). Diamond Mteh t1% Dia Match pf(tll). 4 Dist Corp Sear 1.1d. Dixie Vortex (114)_ 2 Dome Mires (12) Dominien Store. Douglass Afr______. Dunhill Internat’l __ Dupont de N 13.60. Duguesne Lt 1st(5). Eastern Roll M1lls_. Eastman Kod (15).. Eaton Mfg (2) . Elec Auto L (1.2 Elec Auto L pf (1)_. Electric Boat e Elec&Mus In(b24e) Klec Pw & Lt 29'; Elec Pw & Lt 36 pt_ 437 Elec Stor Bat (12) . 4 Elk Horn € of (d) Engineers Pub S(n) Eng Pub Sve $5 o Eng P S 8550 nf ww Eng Pub Sve $6 pf . Erle It R S a Erte R R 1st pf - Fureka Vac C(80¢). Evans Products (1) Exchange Buffet_ Fairbanks Co Fairbanks Co pf _ Falrbanks Morse '; Falrbks M 6%pfn 6 Fajardo Sugar (2)_. Federal Lt & Trac__ Federal Mot T 40c__ Fed Water Sve (A). Fed'd Dept Strs(1). F14 Phoe F 1(11.20). Fileme's S pf (6%)_. Firestone T&R 1 20 First Nat Strs(23) Follanstee Bros «d) Food Machine (1)_. Foster-Wheeler Foster-Wheeler pf _ Fourth N1 ww a75¢. 7's Freeport-Texas (1) Gabriel Co (A) ___. Gen Am Investors _ Gen Am Inv pf (6) _. Gen Am Trans(1%) Gen Asphalt(h25c). Gen Baking (60c) Gen Cable Gen Cizar (14) ... 2 Gen Blectrie (1)... Gen Foods (1 80) __, GenGas & E (A) .. Gen Mills (3) Gen Mills of ( Gen Motors (¢ Gen Motors pf (5)_. Gen Outdoor Adv Gen Outdoor Adv A Gen Print Ink (12)_. % Gen Public Service 4 Gen Ry Signal (1) Gen Realty & Utl) 4 Gen Rea'&1) nf ww_ Gen Refrae (1) + Gen Stl Casting pf Glllette Saf Raz(1) Gillette SR f (5) Gimbhel Rros Gimbel Bros pf(a2) % Glidden Co (2) Glidden Co pr pf(7) Gobel (Adolf) Goebel Brw C(+20¢) Gold Dust (1.20) Goodrich (BF) _ Goodrich (B F) pf_. Goodvear T&R Goodyear $7 pf (4) . 4 Graham-Paire 2 Granby C (24 stpd) Grand Unton Grand Un pf § Granite City Stl (1) Grant (W T) (1.40) Grt Northern pt Grt North'n Ore(1) Grt West Sug (2 40) Grt West Sug pf(7) Green: HI o (41) reen Bay & W (3) sreyhound C'p 3.20 Guantanamo Sugar. Gulf States Steel Hackensack W (13) Hamilton Wateh Hamilton W pf (13) Harbison Waikivl) Hat Corpof Am(A) Hat Cpf ww (6%) Haves Rody Hercules Motor (1) Hercules Powd (5). Hotland Furnace Holland Furn pf (5) Holland & Son (50¢) Holly Sugar (1) . Holly Sugar pf (7). Homestake (112) _ Houd Hersh A(2%) Houd-Hers (R)1% House Fin (A) (+3) House Fin pf 1313 Houston U1l vte Howe Sound (13) 2 Hudson Motor Car.. Hupp Motors . 4 11linots Central . 4« Indian Refining _ Indus Rayon (1.68). Ingersoll-Rand(t2). Iniand Steel (3) __. 4 Inspiration Copper- Interboro R T (d) Intercontl Rubber. Interlake Iron Int Agricultural___ Int Cement (1%)_—. Int Harvester 1.20 . (nt Hydro Elec tA). int Merch Marine Int Nickel(Can)1.20 Int Paper & PwiA) Int Paper & Pw(C). Int Paper & Pw pf int Print tnk pf(6) int Ry Cent Amer Int Ry Cent Am vte Int RyCAPf.____s Int Salt (1%) ... Int Shoe (12)_. Int Silver __ -Int Tel & Tel Interstate Dept Str. Int Dept Strs pf(7) Intertype Corp (1)- Jewel Tea (t1) Johns-Manville(2) Jones&Laugh7%pf 1240s Kaufman Dep 8 (1) Kavser(J)& Co Keith-A-O pf(a Keisev-Hayes (A Keisey Hayes (B) 14% Kelvinator (t50c) Kendall pt A (16) 284 Kennecott C (1.20)_. 17% Keystone St1 & W. 3% Kinney (G R)Co ... 30 Kinney (G R) pf 20% Kresge (S8) (1) - Ef S CY SN - TSR T 1) o 2814 30% 5% 6% > - ,5 > g NN R P E s B2 e 7 30% 12 4% 251 84 204 9 19% oo ] ] o PIERTENE S PSP PG o R e e g popes 91 24 100s 110% 1031, Kresge (3 8) pt(7). 28 26% % 39% Mcintyre Porcu(2). 108% McKeesp't T P (14). ~ 22% Kroger G&B (1.60). 19% Lampert Co (2) __ 12 Lee Rub&Tire (50c) 15% Leh Por Cmt(a25c). 94% Lehigh Por C pf(4). 9% Lehigh Val Coal pf. 89 LehmanCorp (3) . x 12 [I-ehn & Fink (1%) 8715 Lerner Stores (2) ... 47% Libbey-Owens G(2) 7 Libby ‘MeNeill & L_ 25 Life Saver (1.60) _ 19 Lilv Tulip Cup(1%) 25% Lima Locomot! 36% Link Belt (1.20) _ 82 Lilquid Carb (1.60) 43 Loew’s Ine (#2) 3% Long Bell Lum (A). 40% Loose-Wiles (2) 21% Loriliard (P)(1.20) 13 La Ol Ret pf (d) 20 Loutsv GEEDfA 1% 571 Louis & Nash (a2) 22% Ludlum Steel (1)_. 29 McCall Corp (2) 124% McCrory Store: - - B o RunvuBanTlanBenann~Ranan I FLHL )+ FELL+ 4+ AN R FEFESS FEEFe 24% 108% 22% 4% — % 25 +% 30% 30% — % l!% 13 + W 100 10! 108%-2% 24% Prev. 1930 Stock ana High. Low. Dividend Rate. 8% McKesson & Rob_... 37% McKesson&R pf(3. 11% McLellan Stores. 27% Mack Truek (1) 40% Macy (R H) Co (2). 8% Madison Sq G t60c_. 34% Magma Copper (2)_ 2% Maracaibo O1} Exp_ 814 M; Mid1d (40c). 11% Marsi Fleld & Co 27% Mathieson Alk 13%.. 43% May Dept Strs (2).. 13% Maytag Co no'/, 103 Maytag 1st pf (6)_. 12% Mead Corp - 97%4 Mead Corp pt (13). 55% Melville Shoe (3%). 67 Mengel Co 50 Mengel Copf. .. 40% Mesta Machine (3). 5% Miam) Copper 17% Mid Cont Pete a40e 4 21% MidI'd St Prod (1 131'% 110 Mid Sti st pf (8) _ 75 65 Minn-Honey R 13 12% 6! Minn Moline Pwr. 76' 57% Minn Moline Pwr pf 1% % Minn&StL(4) . 62 2% MStP&SSMisin. 26% 16% Mission Corp 9% 513 Mo Kans & Texa: 267 14% Mo Kans & Tex pf__ 4 24 Missouri Pacific(d). 3% Mo Pacific pf(d) . 20% Mohawk Carp (1)._.. 79 Monsanto Chem(t1) 45% Montg'y Ward(80c) 44 Morrell J & Co 2.40. % Mother Lode _ 28% Motor Produets (2). 15% Motor Wheel (1) 11% Mulltns Mtg (B) Mullins Mfg pf a3% Munsingwear (al)_ Murray Corp__ . Nash Motors (1) _ Nashv Chat&St L 215 Nat Acme Co 4 Nat Aviation __ at Riscutt (1.6 Nat Cash Reg ( - —ANSANARABANS - Nat Dept Sto Nat Distillers Nat Lead (30¢) t Lead pf (B)(6) Pwr&Lt (60c) t Ry Mex 2d pf Steel (1'2) Nat pply Co Nat Supply Co pf. Nat Tea (60c) Natomas (180¢) _. Neisner Bros (1) Newberry J J(1.60). Newport Industries 2 N Y Alrbrake N ¥ Central R R N ¥ Chicago & St L. sNYChi&StLot _ N Y Investors (d) NYNH&H (d) _ NY NH & H of (4 N Y Shipbuilding ._. N ¥ Steam 1st (7)__ Norfolk & W (t8) __ orth Am Aviation. orth Am Co (1)___ Northern Pacific _ Norwalk Tire&Rub. 2 Ohlo O1l (50e) . _ Oliver Farm Equip. 75 Omnibus Corp vte 8 Oppenheim Collins_ 24% Otis Elevator (60¢) 1 3 Otis Steel eel or pf 111 G.July 24 : Pacitic Coast Pacific Coast 2d PacificG & E (1%). Pacific Ltg (2.40) Pacific Mills Pac West O (b25e Packard Mot (a25¢) Pannandle Pro & K Paraftine Co (2) 2 Parafline rts July 1 Paramount Pictures Paramount 1st pf__ Paramount 2d pf . Park Utan Parke Davis(al.35) Parker Rust P(1%) Parmeiee Transp't. Pathe F1im Corp. ' Patino Mines Peeriess Motor _ Penney (J C) (13 Penn Coal & Cok: Pere Marquette Pere Marquette pf Pet C'pof Am Pfeiffer Brew (1 Phelps Dodge aile.. Phila Co 6% bt (3)_. Phila & Read C&1__ Phillip Morris (1) _. & Phillips Petrol(t1). 8 Plerce Ol pf Pierce Petroleum _ Pitts Screw & Bolt_ Pitts Steel pt Pitts United pf ¢ Pittston Co Plymouth Oil(a25¢) Poor & Co (B) Porto R Am Tob(B) Pressed St Car (d) Pressed St1 C pf(d) Proctor&Gam (1% ) Proc & Gam ot () Pub Sve N J (2.40) Pullman Inc (133).. Pure U1 Pure Oil pf (8) . 4 Pure Oil pf (6) Purity Bakeries 100 Radio Corp Radiocu Ist pf 3% Radtlo Ketth-0r(a) RR SecllCent____ Reading (2) Remington-R (60c) Reo Motor Car Republic Steel Republic Steel pf Repub Stlpf A (6). Revere Copper (A). RevereC& Bpf.__. Reynolds Met (1) Reynolds M pf(5%) Reynolds Tob (3) . Revnolds Tob B (3) Ritter Dental _ . toan Ante (b75¢).. Safeway Stores (2). Safeway Strs pf(7) St Joseph Led(80c). Z‘u St L-San Fr ot «d) . 11 Savage Arms 38% Schenley Dist aTic. 39 3514 ‘11472 29% 6% 16% 52 101% 4l 20% % 5315 Scott Paper (1.80)_. 508 Net Auoo.mmm clol‘g .Chge. mlh. Lov. Prev. 1936 20% Sharon FEPEE 14% Shell U 120% 110% Shell Ut 19% Simmo: 4% Simms ERF FEFEFF 112’6. 110 Solvay T 29% 387 L+ 14 19 15% Sperry 13% Spicer 44 Spicer + 1+ +4+ 9% 17% 42% 4% 40% 70 1% 65 Sterlin 23 6% Sweels 28% Swift L 33 Texas Gulf Sui (2). 28 Texas& PacR R 714 Tex Pac Coal & Ol 9% Tex Pac Land Trust 337 Thatch 813 Thermold Co 23% Third Nat Iav aé0c_ 24% Thomp. 4% Thom! 14% Tide W: 2 100% Tide W, 11 10% Transu T1% 90 Union 20% Unitea 13 United : 24% United 68 United 22% Unit 5%, United 40% United 15 United 3214 663 14% 241 Unitea United Ru s s s s S S Sm u u U u Y u u u 132% 1155 113& 131 United +l1+ Vanadi Car | 4 2 Car | 11415 109 9 4 I o, 30 26t : Walwo Vulean 444+ F L+ P+ 1+ = Westin, Wheel Wheell Wilcox 6% Wilson 70 Wilson 44 47‘ 33% 8% 8313 44 4l% A+ Yale & Yellow Yellow Approximate Sales | cash payment based 4 | rati +++++++ #110 mcmdlnll’ extras. 60%5 6015 ~ 11y | DERIA s Tear o r-arllnl.led 4% Sharp & Dohme 43% Sharp & Dpf (3%). 11% Shattuck F G (50e). 30% Sheaffer Pen'(2)... 14% 9% Siiver King (40c)._. 2% 14% Stand Brands(80c)_ 129 120% Stand Br: 5% Stand Gas & El (d)_ 9'3 Stand G&E $4 pf (d) 26% Stand G&E $7 pf(d) 35% Stand O of Cal (11). 32% Stand Ofl of nd(11) 51% Stand Oil of N J 11 2 48 SterlSec Ist pf (16) 16'; Stewart Warn(50c) 14% Stone & Webster 9% Studebaker Corp. 3 Superior Ol _ 9% Superior Steel _ Sutherl’d Paper t1_. 20% Swift & Co (1) Symington A (d) ... 2 U S Ind Alcohol (1)’ S Leather(A)vic. Leath pr pf vtc. Pipe & F (1%)- Realty & lmp._ Rubber ____.__ S Steel ___ U S Steel pf (2). U S Tobacco (1 Univ Leaf Tob (13). Untv Pie 1st pf Univ Pipe&Rad (d). Utl Pwr & Lt (A).. Van Raaite (1) Vick Chem (12)_ a £l & Pwr ptf (6) Va Iron Coal&Coke Young Sp & W (3) Youngstn Sheet & T Zenitb Radio » Zonite Products of trading less than 100 shares 3Accumulated dividends 1d d Companies reported in receivership or being x Ex-dividend FINANCIAL, TRANSACTIONS ON THE NEW YORK STOCK EXCHANGE Prev. 1936 Net | High. Low. Stock ana Dividend Rate. 30% Seab’d Oil(Del) (1) 59% Sears Roebuck (2). 15% Servel Inc (60¢) Afld 00. 18 71 Righ. Low. Close.Chee. 3315 3114 6% 4% 231, 23% T 53u , 144 31 Steel Hoop. nton O} nOpf (5%)- 16% 119% % 29% 4% ns Co.... Petrol._. 19% Skelly Of1 . 657% Sloss-Shef St pf._. 42 Smith (A Q) _ 22 Snider Packing.. 12% Socony-V O11 (40¢). Am pf(6%). 4% So Am G & Plallc .. 34% 26 So Porto R Sug (). 160 150 So Porto R S pf (8)_ 25 South Cal Ed (1%)_ 231 Southern Pacific __ 12% Southern Rallway Southern Ry pt 63% Spalding(AG)1st pt 5% Sparks- Withington C vte b2ie__. Mfg Mfg pf (3 ds pf(7). 23% T% 15% 41% 37% 7 15 40% 3T% 53% g Prod «3.80) Coof Am ntl Ltd (2) .. TV 4+ L4+ +4+++ 141+ +4 1 er (1) son Palle. _x son Starrett. at Asmo 6lc... at A O pf(6). 12% Timken-Detroft . 56 Timken R B (12) Transamerica a30e.. 147 Trans & Westn Alr. 2 e & Will 60c. 3 2 a3 7l Tri-Contl Corp . B 22'% 20th Cent Fox Film 31% 20th Cen Fox nf 1%. 65% Twin City R T pf.- Co S11-Fish (3) July 6 125'; Und-Ell-Fish p2 (1) 38'3 Union Bag&Pap (2) Un Carb&Carb 2.40 207 Unton Ot of Cal (1) Pacific pf (4 22% Un Tank Car (1.20). Alreraft. ___ AIr Lines vte Bisc (1.60) . Carbon 2.40. rr F(11.20). Corp = Corp pf(3).. Dywood (al) UnitEng & F 1% Fruit (3) Gas lmp (1) U S Freignt (1) _ bber 1st pf elt&Ref Snwe » POLD CO I OV =1 @ (9 1 b 1 GE S 00 0 e 10D B 02 T+4+++++4+4+40 Stores (A = 1| um Corp.... Chemic: Chem 6% p! 3 Detin (a4) Waldorf Syst (80c). Walgreen Co ((2)_. Walker (H) (2)_ rth Co . Ward Baking (A)_. Ward Baking (B) _ Ward Baking pf(3). Warner Bros Plc . Warner-Quin (d). Warren Bros Waukesha Webster Eisenlohr_ Wesson Q&S t6uc). Wesson O&S pf (4). West Pa Elec (7)A. West Pa Elec pf(6) West Pa Elec pf(7) Western Maryland._. Western Pacific Western Pacitic pf- z West Union (a2) _. West'gh'se A B (1) (160¢). gh se El (3). Vestvaco Chlo t40c & Lake Erie. Wheel & Lake E pf_ ng Stes White Motor _ White Rk M S(1. Oil & Gas. & Co (50¢) .. & Copt (6). Woolworth (2.40) .. Worth Pump pf(B)_ Towne (Wel Truck . Truck pf. 35% 18% 17% 18% 131 128 131 45 45 45 67 667 67% + 41 2! 24 25 + 23 64 6% 64 + lc of Slncks on the N. Y. Stock Exchange. 60s 3 43 Diviaend rates as given In the above table are the annuai | on the latest quarterly or haif-yearly decis- tAnnuas rate—not a Paid this year. 1929 AVERAGE EXCEEDED BY BANK INVESTMENTS £5 the Associated Press. Total loans and investments of member banks of the Federal Reserve System in leading cities have risen above the average for 1929. Increases in holdings of United States Govern- ment securities mainly account for | the expansion, although loans and in- vestments in “other” securities also have increased moderately this year. A spurt of nearly $500,000,000 in earning assets of the reporting banks followed subscriptions to the Treasury’s mid-June financing. Loans and investments of the re- porting banks in 101 cities compared as follows: Week ended June 17...$22,659,000,000 Preceding week ____... 22,163,000,000 Same week last year... 19,952,000,000 HOUSE FRAMES BUILT BY BETHLEHEM STEEL By the Assoclateq Press. NEW YORK, June 24.—The offices of Bethlehem Steel Corp. stated today that its Lackawanna, N. Y., plant is manufacturing structural shapes on orders from a Chicago company which is using the material for the construc- tion of steel frame houses. Bethlehem does not intend to use the steel for the construction of houses for its Lackawanna employes, &s pre- viously reported. POUND GOES HIGHER IN LONDON DEALINGS By the Assoctated Press. LONDON, June 24—With business quiet, foreign exchange rates moved |in favor of sterling today, owing to continental sales. The United States dollar lost 3 and finished at 5.02!; to the pound, | as compared with the overnight New York rate of 5.02%. closed at 76.06 francs to the pound, aginst 76.00 yesterday. PARIS, June 24 (#).—Three per cent rentes, 68 francs; 4'; per cent rentes, 71.75. Exchange on London, 76.08. dollar was quoted at 15.1415, W. & L. E. PLACES ORDERS FOR 1,000 STEEL CARS Ey the Assoctated Press. CLEVELAND, June 24.—The Wheel- ing & Lake Erie Railroad has awarded contracts for 1,000 60-ton steel hopper cars to cost $1,925,000. Half the cars will be built by the Ralston Steel Car Co. and half by the Pullman Standard Car Mfg. Co. The railroad prepared to ask bids by June 30 on $1,400,000 of equipment trust certificates to bear 2 per cent interest, to finance part of the cost of the cars, the remainder to be paid in [a) The The French franc | B. & 0. LOADINGS SHOW DECLINE DURING WEEK Epectal Dispatch to The Star | BALTIMORE, June 24.—Car load- ings on the Baltimore & Ohio Rail- road for the week ended June 20, totaled 46,351, including 30,178 cars | loaded on line and 16,173 received | from connecticns. This was an increase of 8,989 cars, | compared with the same week of last year when the total was 37,362, com- prising 23,543 cars loaded on line and 13,819 received from connections. For the previous week (the week ended June 13) the total number of cars loaded was 47,888, of which 31,082 were loaded on line and 16,806 received from connections. E. H. LEROUX TO QUIT OKLAHOMA PIPELINE CO. Ev the Assocated Press. TULSA, Okla., June 24.—E. H. Le- roux, president of the Oklahoma Pipe- line Co., for 31 years associated with Standard Oil of New Jersey, will re- tire July 1, it was announced. He will be succeeded by Wallace R. Finney, chief engineer of the pro- duction department of Standard of New Jersey, who will be transferred here from New York. 5 Finney also will head the Ajax Pipe- pany maintains from .nnn Okla, to Alton, Il - + W +2% STOCKS END DAY . WITH FIRM TONE Selected Issues Advance 1 to 4 Points—Chrysler at New Peak. Stock Averages 30 18 Indus. Rails. Net change. +.4 +.1 Today, noon 86.7 36.1 Prev. day... 863 360 Month ago. 82.6/34.9 598 238 866 39.7 134 392 763 312 495 185 216 348 - 175 87 239 168 -146.9 1539 184.3157.7 - 516 953 618 618 (Compiled by the Associated Press.) 15 60 Util Stks +1 +2 490 489 472 318 508 434 447 645 643 618 4338 648 55.7 56.1 BY VICTOR EUBANK, Associated Press Financial Writer. { 4 | in other parts of the list | were a few soft spots, and many ad- S | Pneumatic | Juy, s | Corn, Ya | July v { Cash NEW YORK, June 24—The stock | market whipped up a rally today that pushed selected issues ahead 1 to |around 4 points. Chrysler, leaping to a new 6-year | nigh, provided inspiration for buying ‘While there vances were restricted, the close wa firm. Transfers were around 1,100,000 shares. Although news was without par- ticular stimulation, demand for a | number of stocks was attributed partiy | to expectations that the new tax bill will force the distribution of large sur- ‘pmes to shareholders Westinghouse came into prominence when a dividend of $1 was declared against 75 cents paid in the two pre- | ceding quarters There was some profit-taking in the final hour, but outstanding gainers included Allied Chemical, General i | Motors, J. I. Case, Philip Morris, Ward 1 Baking “A,” Douglas Aircraft, Chicago Tool, National Supp! American Crystal Sugar, Air Reduc- tion, Corn Products, Timken-Detroit Axie, Sears-Roebuck, United States Rubber preferred, Phillips Petroleum, Consolidated Oil, Loew's and Zenith Radio. | Hudson, Packard and Studebaker | were exceptionally active at fractional | advances. The rails, steels and utili- | ties just about held their own. 2 McKeesport Tin Plate, Gold Dust | and American Can were thrown for | losses. Improvement was shown by United States Smeiting, Interntional Nickel, \Goqd\ear Montgomery Ward, Allied )Swrw Paramount, Warner Bros. and American Telephone. CHICAGO GRAIN Py the Associated Press. CHICAGO, June 24.—Hesitancy ou the part of potential buyers distin- guished wheat dealings late today and as a rule prices pivoted at around yes- terday’s close. Expansion of the domestic flour trade was a bullish factor as to wheat On the other hand, Canadian reports said American mills have been good purchasers of Canadian wheat of late§ and this was construed as bearish cn domestic wheat values. Wheat closed nervous, !4 off to up compared with yesterday's finish; 9514-"s; September, 96la-,. 14-7s advanced; September, 657~ Oats, '5-75 higher, and pro- visions unchanged to 10 cents down. WHEAT— O; ssu.u:&r Chicago Cash Market. wheat, No sales repor | L‘orn_ No. 2 mixed. 6734: No. 5, mixens | 64'2; No. 1 yellow, 68 2269; Nog) mllnv\ 681,a3;: No. 3\clkm 67,2 | No. 4 yellow, 653;a66; No. 5 39]10\\ 641,a65; No. 1 white, 76%; No. 5 white, 70'.; sample grade, 55a63; oats, No. 3 white, 293,a32; Nn 4 white, 283;a29',; sample grade, 27}.a 30%; No rye; soy beans, No. 2 3ello\\ | 94; No. 3 yellow, 93a93'.; barley feed, 30a42 nominal; malting, 52a92 nom- inal: timothy seed, 3.50a75 per hun- dredweight: clover seed, 12.50a19.00 per hundredweight. 1013 13.60 Liverpool Wheat Prices. LIVERPOOL. June 24 (F.—Wheat fu- E tures closed easy Low 01ty 203 20 Close D11y a080 90'a | July October December EXChanse. 5.01% NEW YORK COT COTTON Ey the Associate Press. NEW*YORK, June 24.—Cotton was less active today with fluctuations irregular. . July was relatively easy under realiz- ing or liquidation, while the new crop months showed a generally steady undertone on trade buying or covering. The midafternoon market was quiet and steady at a net decline of 9 points on July, while later deliveries were, about unchanged to 4 points net higher. Futures closed steady, 12 lower to higher. . High. Low. 1R ) Close July w07 October | December ™ January _ March ay 1155 5 Spot quiet; middling. l‘ 16, Cottonseed Oil. Bleachable cottonseed oil futures closed steady. July, 9.23b; September, 9.19b; October, 9.05b; December, 8.94b, Sales, 51 contracts, including six switches. b—Bid. New Orleans Prices. NEW ORLEANS. June 24 () .—Cotton futures slipped off a few additional points the opening today. Important trade yas lackin -nd the light amount July open: 2 its previous fin Stconseed ol futures opened steady. June. 8.79b: July, 8.80b: September. 8.50b October, 8.60b: ' December. 8.48b: Jans uary, 8.48b. Liverpool Quotations. LIVERPOOL. June 24 ().—Cotton. 26.~ 000 bales, Including 3.000 American Spot :_prices 1 ce: - American 81: good middimg. middling. 7 .11% line Co., transportation unit the com- | 5:31:, strigt strict “low middlin low, middiing 8.0 steads cembe uu.eo'