Evening Star Newspaper, June 25, 1936, Page 22

EARNINGS LOWER May Net Totals $124,014, Compared to $150,323 in 1935 Month. BY EDWARD C. STONE. The monthly report of the Wash- ington Gas Light Co.. filed witn the Public Utilities Commission today, shows net operating revenue for the month of May, 1936, of $124,014, com- pared with $150,323 for May of last year, a decrease of $26,309. Operating revenue for May, 1936, $524,928, compares with $535462 for May a year ago, a decrease of $10.534. Operating expenses, including taxes and uncollectible bills, increased $1 775, this year's figure being $400,914, against $385,139 in May, 1935. Non-operating revenues for May this year increased $5.988 over last year's figure of $11,726 to 817,714, resulting in a gross corporate income of $141,728, which compares with $162.049 for May, 1935, or a decrease of $20,321. Interest deductions of $76.086 for May, 1936, were $3.996 more than last year’s figure of $72,090, resulting in a mt income of $65.642 this year, compared with $89,959 last year. In the first five months of the pres- ent year operating revenues showed a gain of $236449. At the same time operating expenses incre: by $280.901. This was felt in the net income, which, after all deducticns, amounted to $622,735, against $676,- 615 a year ago, or a decrease so far this year of $53,880. Georgetown May Net Lower. The monthly report of the George- town Gas Light Co., also filed with the Public Utilities Commission todey, shows & net loss of $6,155 for the month of May, 1936, as compared | with an income of $3,425 for May of last year. Operating revenues in May this year were $95,326, as against $105,- 865 for May, 1935, a decrease of $10,- 539. Operating expenses, including taxes and uncollectable bills, decreased $1.630, this year's figure being $96,- 380, against $98,010 for May, 1935. Non-operating income being ap- proximately the same as last year, the loss before interest deductions was $1.054, compared with an income of $7.856 for May, 1935. Interest de- ductions increased $670, this year's figure being $5.101, against $4,431 for May, 1935, The Georgetown Gas Co. in the first five months of 1936 kept the in- crease in operating expenses below the gain in operating revenues, in that way keeping net revenues ahead of last year. Net income stood at $30,- 286, against $24.865 a year ago, an increase of $5,421. Collections Lag in District. Bills in Washington department | stores were paid somewhat slower in| May than in some of the other cities | in the fifth reserve district, the Bank | of Richmond stated today. The per- | centage of receivables on May 1 which | were collected during the month was 26.6, against 33.8 per cent in Rich-| mond, 29 per cent in Baltimore and | 28.3 per cent for the whole district. | As previously stated, retail trade in | Washington was 13.2 per cent better | than in May, 1935, and up 12.2 per cent in the first five months of this year over the like period a year ago. Stocks of goods on hand in the stores here were 6.7 per cent higher than at | the same time last year, but about 4 per cent lower than in the previous month this year. Stocks of goods in Washington Etores were turned 1.819 times in the first five months of this year, a better» record than was hung up in Balti- | more or in Richmond. The average | for the whole district was 1.661 times, | the Richmongd Reserve Bank reports. Underwriters Award Honors. The District Underwriters’ Associa- tion held the last meeting of the fiscal | year at the Willard Hotel last night| when the retiring president, J. E. McCombs, turned over the gavel to the new chief, Laurance H. Riggles. ©O. Sam Cummings, secretary of the national association, was the guest speaker and there was a musical pro- gram arranged by Charles I. Hay- ing of sterling silver vases for life insurance week activi- ties were awarded to Roy B. Lan- ham, Equitable of New York; Ralph Cipriano, New York Life; Armand Du- rant, Connecticut General Life; Da- vid M. Crouch, Acacia Mutual, and the Northwest Mutual Agency, A. L. Baldwin, general agent. Framed certificates were presented to 11 100 per cent membership agency organizations: Berkshire Life, Con- necticut General, Connecticut Mutual, Guardian Life, Minnesota Mutual, Mu- tual Benefit of Newark, National Life of Vermont, New England Mutual, Pacific Mutual, Phoenix Mutual and State Mutual by Winthrop G. Batch- elder, chairman of the Membership Committee, who also announced an 86 per cent increase in membership dur- ing the year by 136 new members. Charles W. O'Donnell, the treasurer, Teported a substantial increase in the assets of the association. It has been anticipated that the total amount of insurance written in Washington dur- ing Insurance week would be an- nounced, but the figures were not reported, the association adjourning to & bLuffet supper. Lincoln Corp. Votes Dividends. At a meeting of the Board of Direc- tors of the Lincoln Service Corp., held yesterday, the regular quarterly divi- dend of 134 per cent on the preferred stock of the corporation was declared, payable August 1, to stockholders of record June 30. The directors also declared a dividend distribution of 25 cents per share on the common stock to stockholders of record June 30, pay- able August 1, Charles Delmar, presi- dent, announced today. Mergenthaler Linotype was strong on the Washington Stock Exchange again today, climbing to 46 on & 15- share turnover. Thirty shares of American Security & Trust Co. stock moved at 258. ‘Washington Railway & Electric pre- ferred sold at 110! on transfers totaling 79 shares. . A single share of Lanston Monotype commanded 83 and Potomac Electric Power 6 per cent preferred moved at 110. In the bond division Capital Trac- tion 5s figured in three $1,000 sales at 91%. ‘The market closed with 23 shares ofyclpunl Transit stock selling at 14%. LOCOMOTIVES NEEDED. NEW YORK, June 25 (#).—Locomo- tive building circles are said to be expecting contracts for a sizable num- ber of engines in the last half of the year. One Western road is reported con- sidering the purchase of between 15 end 20 units. By Private Wire Direet to The Star. Prev. 1036 High. Low. Dividend Rate. 50% 42 Abr & Straus (1.80) 120s 13% 9% Adams Exp (a20e).. 35% 17% Adams Millis(a75¢c) 28 224 Address'graph 6lc. 21% 1% Advance Rumley . 703 58 Air Reduction (11). 6 2 Alr-Way Elec Appl. 17% 13% Alaska Jun (160c) 4% 2% Alleg Corp (d) .. 30% 12% Alleg pt wi30ow(d)._ 2913 124 Alleg pf w$40w(d)~ 45% 27 Alleg pr of (d) cceee 39% 29Y% Alleg Steel (1) —aeee 208 157 Allfed Chem (6 2315 Allied Mills (b25¢)- 6% Allled Stores 28 69 Allled Stores pf(5). 353 Allls-Chalmers (1). 19% Alpha Port Cmt(1). 75 Amerada (‘orp (2) _. 42'% Am Bank Note (1) 65 Am Bnk Note pf(3) 40 Am Brake Sh(1.60) 124 Am Brake Shpf5% 115% Am Car. (74) 1624 Am pt (1 30 Am Car & Foun 57% Am Car & Fdry pf_. 87% Am Chicle (4 814 Am Colortyp 21% Am Comel Alcobol .. 164 Am Crystal Sug! 89 Am CrysS 1st pf(6) 3% Am Encaus Tiling.. 6'2 Am & Foretgn Pwr. 293 Am & For Pw 87 pf_ 13 Am Hawailan (1) . 5% Am Hide & Leather. 37 Am Home Pr (2.40). 274 Am lce . 17'« Am Ice pf (2). 9% Am International... 2313 Am Locomoti - 66 Am Locomotive pf.. Am Mch & & (80r) . Am Mch & Met a25c. Am Metal Am Metal pf (XE} 2 Am News NY (1. !0). Am Power & Light " Am P&Lt $5 pf(2%) Am P&Lt $6 pf (3)-. Am Radiator Am Rolling M(1. 10) Am Safety Raz (6)- Am Seating Am Smelt & T‘ef(")- Am Snuff (13) Am Steel F'Dundry,. Am Steel Fy pf (2). Am Stores (2) Am Sugar (2) . Am Sugar pf (T Am Tel & Teleg Am Tobaceo (5) . . ¢ Am Tobacco B (5) Am Type Foundry. Am Water Works_. Am Woolen Am Woolen pf (X“). Am Writ Paper (d). Am Writ Pap pf (d) Am Zinc & Lead Anaconda Cop(ai0e Anaconda W (a50c) Anchor Cap (80¢) _. Anchor Cap pf 6% . Archer-Dan-Mi1d 11 Armour Del pf (7) Armour (Illinois) __ Arm'r(Il)pr pf(6)_ Armstrong C (1%). 2 Arnold Constab 60c. Artloom Corp . .. Asso Dry Goods - Atch To&S Fe(b2). Atch To&S Fe pf(5) x Atlantic Coast Line Atl Gulf & W Ind 590s > Atl Gulf&W [nd pf Atlantic Ref (1) Atlantic Ref pf (4). Atlas Powder (12) Atlas Tack (a50c) Auburn Auto Austin Nichols __. Austin Nich pf A___ Aviation Corpi( Del) Raldwin Loco (@) Baldwin Lo asd (d) Baldwin Loco pf(d) Baltimore & Ohto Baltimore & Oh of Bang & Aroos of(7) Barker Brothers Barker Bros pf . Barnsdall (160c) Bayuk Cigar (75¢) .. Beatrice Cream (1). Beech-Nut P (13) __ Belding-Hem (1) ._. Bendix Aviation(1). Benefictal Lott1%) Best & Co (12) Bethlehem Steel __ Beth Steel 5% (1) __ Stock ana - NG ONAAND IO E D O O A 178 102% 104 11% 25% 14915 5 Y P N o R b R Lt Tt = TR= g rtin 11972 1051 T 4% 6614 0 @ n = Bigelow-S: Blaw-Knox (40¢) . '+ Bloominzdale pf(7) Blumenthal pt .____ Boeing Alrplane Bohn Alum & Bri(3) Bon Ami (B) (213) Borden Co 11 60) Borg-\Warner (3) - Bridgep't Brass 40¢ 4 Briggs Mfg (12) __ 48 Briggs & Strat (3)_. 41 Bristol-Myers (12). 40% Bklyn-Man Tr (3).. 44': Bkiyn Un Gas (3)__ 50 Brown Shoe (3).__. 814 Brunswick-Balk 87 Bucyrus-Erle 9% Budd (I Gy Mix 2% Budd Mf 1pd.July18 8§ Budd Whee! 20% Bullard Co (l"SC) - 11'; Bulova Watch = 25 Burr Ad Mcht60e). 2!; Bush Terminal (d). 814 Bush Term deb (d) 14'4 Bush Term B pf cod 2% Butte Copper&Zine. 1613 Byers (A M) < 22 Byron Jackson (1). 30% California PKg(1%) % Callahan Zinc 6 Calumet&Hec a25e. 30 Campbell Wy (t1).. 10% Canada Dry G A 10% Canadian Pacific. 37 Cannon Mills (2) 12% Capital Admin (A). 45% Cap Adm pf A (3).. 6% Carriers & Gen 20c. 92!5 Case (J 1) Co 54% Caterpillar Trac(2). 21% Celanese Corp as0c. 19 Celotex Corp 54 Celotex Corp pf = 25% Cent Aguire (T1%). 615 Century Rib Mills_ 47% Cerro de Pasco (4).. 814 Certain-teed Prod_. 8014 Certain-teed Pr of 191; Champ Pap & F (1). 104% 101 Champion Pa pf (6) 7413 59 Chesapeake Corp(3) 61 51 Ches & Ohio (2.80)_. 2% 1% Chi Grt West (4)___ 84 4 ChiGrt Wof (d)... 5% 2% Chi M StP&P pf (d) 4% 2% Chi&NW(d) .- 20% 121 Chi Pneumatic Tool 56 40% Chi Pneu Tool pf... 13 Chi R 1 & Pac (d).. 3% Chi R 1&P 6% pf(d). 315 Chi R 1&P 1% pf(d) 19% Chi Yellow Cab (2) 20 Chickasha CO (2) 7 Childs Co o 8514 Chrysler Corp 15% City lce & Fuel GZ)_ 2% City lce&F pf (8%) 110% 107% Clev El [llu pf(4%) 46 35 Clev Graph Br (11). 70'% 48 Cluett Penbofl] a). 102 84 Coca-Li 20% 13% Colgat lOSn 102% Celgate P-P of (6) 39% Collins & Alk (2)- 8% Colonial Beacon .. [ S DoRnmannd ~oammnes [ g 2R abnomans o 2115 Colo & South .. 14 Columb G&E(a20¢). 90% Col G & E pf A (6) 80% Col G & E pf (5) 31 Colum Pict vte(t1 94 Colum Carb vtett4) 44 Comcl Credit (3) . 116": 110 Comcl Cred ot (6%) 82% 55 Comel Inv Tr 3.6 115% 110% Comcl 1 T ev pt (6 113 97 ComclIn T pf(4%) 15 Comcl! Solv (80c) . 2% Comw & Southern_.. 59% Comw & Sou pf (3). 32% Congoleum-N 1.60 16 Congress Cgr (b2, 10 ComnR&L . 8 Consol Cigar 72% Con C pr pf ww 6% 2 Cons Coal (Del) vte 12% Con C'1 (Del) vte pt 8% 27! Consol Edis N ¥(1). 69 72 12 176 306 6 3 181 9 Sales— Add 00. 25 10% 80% 48% 23y 98 43% 69 4913 131% 6 134 1643 1915 100, 421y 108 104 244 19% 2274 291y 185 2615 s 11715 l]l‘, 79 1 119% 13 213 10y 1% 24 24% 66 A% 23% 5% 29% 63% 115 . Low. 51 11% 197% 10 206 201 24% 10% 9% 47 234 97 43 6814 48'% 131% 132% 164 36 691y 9% 8 213 25% 9% 4 3415 41'3 194 100t; 42'; 108 4 lfll‘ 24 18 22 39 18% 26% 17 16 99 16'% 174 24" 93 147 26% 21 H]\ 17% 119", 123 23 179% 7% 24% l 103% 103% 45% 22% 5% 27% 0s 94% 94Y% 2 3 36 3 124% 123% 62% 17 114% 113 29 T5% T4 113% 3 113% 113 14% 3% 69 THE EVENING STAR, WASHINGTON, D. C, Net | High. Low. Close.Chge 52 +1% 12 4400 SRR RARAC BES SN N 981 —1% 13% — % 103% + % 45% -1% 23 +% 5% — % 27% -1% 30 -1 19% — % | 105% 100 Prev. 1936 Stock ana Dividend Rate. 4% Conso! KFiim - 15% Consol Film pf (31 3% Consol Laundr!, 11% Consol Oil (60c) - 6% Consol R R Cuba pt. * Consol Textile (d)... 15% Container Corp..... 10% Contl Baking (A)... 15 Contl Baking (B)_.. 67% Contl Baking nf (4). Add 00. 2 1n 4 T 204" 6% 15% 11% 1% 2% Contl Motors._. - 281 Cont) O1l of Del(1)_ 29 Contl Steel Corp(2) s 681 Corn Prod Ref (3) . lES‘q 162 Corn Prod R pf (1)- 414 Coty Inc 35 Cream of Wh (2) 15% Crosley Rad(a50c). 43% Crown C& S (1) 45% Crown C&S pf(2.70) 7Y% Crown Zelled’k vtc. 28 Cruelble Stee) 95'% Crucible Stl pf (32). 1% Cuba Co 6'x Cuban-Am Sugar 63'2 Cuban-Am Sug pf.. 100s 3515 Cudahy Pkg (3% ).. 1 16% Curtis Publishing.. 4 9915 Curtis Pub pf (7)... 7 4 Curtiss Wright____. 220 10% Curtiss Wright A__ 37 1 Curts-W rts..July 3 378 43% Cutler-Ham (11) 52 Deere& Co. 27 Deere & Co 14% Del Lack & West. 153 128 Det Edison (t4)- - 40'; 33% Diamond Mtch 113 18% Dist Corp Sear Ltd. 201 Dixie Vortex (112)_ 41'; Dome Mires (13) .. 50% Douglass Alr. . % Duluth SS & Atl 8% 5 Dunhill Internat’ 153 133 Dupont de N 13.60 9% 6 Eastern Roll Mill 156 Eastman Kod (15 28'; Eaton Mfg (2) 30% Elee Auto L (1.20). 10 Electric Boat . 5% Elec&Mus In(b24e). 64 lec Pw & Lt 2915 Elec Pw & Lt $6 pf_. 325, Elec Pw & Lt $7 pf_ 43% Elec Stor Bat (12)_. 1% Elk Horn C pf (d) 1127 Endicott-Joh pf (5) Ti4 Engineers Pub S(n) 45'5 Eng Pub Sve $5 pt 48 Eng P S $5.60 of ww 55 Eng Pub Sve 36 pf . 5% Equit Office Ballc-. 21 61 T5% b 208 11% Erfe R R 2d pf_. 2 Evans Products (l) « Exchange Buffet .. 5% 181y 538 155 12 2 Fairbks M G%be 6 41'3 31% Fajardo Sugar (2).. 92 40! Fed Min & Smelter_. 101 697 Fed Min & Smelt pf. 12% » Federal Mot T 40c_. 41, 21, Fed Water Sve (A). 803 201 Fed'd Dept Stra(1) 49'; 38 F1d Phoe F 1(11.20). 331, 247 Firestone T&R 1.20. 105% 1001 Firestone pf A (6) _. 483, 40 First Nat Strs(2%) 11% 4' Follanstee Bros «d) 47'; 33% Food Machine (1).. 38% 24'. Foster-Wheeler 38 271; Freeport-Texas (1) 1181, Freeport-Tex pf(6) 2 313 Fuller Co 2d ot 3% Gabriel Co (A) 135 Gen Am Inv pf (6) 424 Gen Am Trans(1% Gen Asphalt(b25¢) - '« Gen Baking (60¢) - 33% Gen Foods ¢180)__ T Gen Gas & K (). 19 GenG&ET% pf A__ 70t 59% Gen Mills ) 120%5 117'5 Gen Mills f (6) s 71 537 Gen Motors (12) 356 122 118 Gen Motors pf (5) 2 5% Gen Outdoor Adv _. 33 18% Gen Outdoor Adv A. 313 Gen Public Service. 321, Gen Ry Signal (1) 334 Gen Refrac (1) ... 21 Gen Stl Casting pf 14% Glilette Saf Raz(1) 80 Gillette S R of (5). 6% Gimbel Bros 69 Gimbel Bros pf(a2) 39% Glidden Co (2) 4 1041, Glidden Co or (1) 37 GGobel 1Adolf) 7 Goebel Brw C(t20c) 14'; Gold Dust (1.20) __ 13% Goodrich (B F) 78 Goedrich (B F) pf_. 21% Goodvear T&R 87 Goodyear 37 pf (4). 214 (;raham-Paise 13; Granby C (24 stpd) 3ta Grand Union ctfs 16 Grand Unpf $62%:c 25 Granite City Stl (1) 2813 Grant (W T) (1.40) 3214 Grt Northern pt 16 Grt North'n Ore(1). 31 Grt West Sug (2.40) 22 GreeniHL)Co (t1) 483 Greyhound C'p 3.20 1% Guantanamo Sugar. 91, Gult Mobile & N 28% Gulf States Steel 364 33 Hack Wpl A(1%).. 11'; 6 Hall W F Prinung. 21% 14 Hamilton Watch 119 109 Hamilton W pf (15) 1108 Hanna (M A)pf(5) . 20s 16% 12 HatCorpof Am(A). 3 9 4% Hayes Body S b 105% 84 Hercules Powd (5)- 1 447 30% Holland Furnace 7 111 108 Xolland Furn pt (5) 110s uw 9 Holland & Son (50¢) 6 19% Holly Sugar (1) .. 32 2215 Houd-Hers (B)1% 31 54% House Fin (A) (13). 5 6% Houstop UL vie __. 118 48% Howe Sound (13) 17 31s Hudson & Manha 2 131 Hudson Motor Car. 72 1 Hupp Motors - 10 18% 1ilinois Central .. 23 58 [11Cent Ise lines(4). 40s 4'4 Indian Refining 6 25% Indus Rayon (1.68 90 Inland Steel (3) 64 Inspiration Copp 5% Lnsur Sh Md ct 18c.. 11's Interboro R T (d) o 215 Intercontl Rubber_. 9% Interlake iron 5 3 Int Agricultural ... 185% 160 Int Bus Mach (16)... 49% 35'% Int Cement (1%)_—. 90' 56% Int Harvester 1.20 . 5% 2% Int Hydro Elec (A). 8 413 Int Merch Marine 544% 48% Int Nickel(Can)1.20 12915 125% Int Nickel pf (7). Th 8% Int Paper & Pw(A). 2 Int Paper & Pw(B). 1% Int Paper & Pw(C).. 201 Int Paper & Pw pf 31 37 Int Print Ink (1.80) 2 3% Int Ry Cent Amer 50Us 3 Int Ry Cent Am vtc 460s 19% Int Rv C A pt 15 Int Silver 50 Int Silver pf 12% Int Tel & Tel 10% Interstate Dept Str 82 Int Dept Strs pfi7) 15 Intertype Corp (1)- 58% Jewel Tea (14) 129 88 Johns-Manville(2). 126\( 121% Johns-Manv pf (7). 10s 75'% Jones&Laugh7%pf. 2008 13 Kans City Southerr. 19% Kans City South pf. 17 Kaufman Dep 8 (1) 27 nylenJ)b Coa75e 20 K 12 26 Y- 14% Kelvinator (150c) .. 28Y Kennecott C (1.20) .. 17% Keystone St1 & W.. 8 e oz o8 Bammenm 110% 103 Kresge (8 8) Dfl"). 28 22% Kroger G&B (1 26% 19% Lampert Co (I)_ - 10%3 7 Lane Bryant.__ 16% 12% Lee Rub&Tire (50c) 23 15'% Leh Por Cmt(a25c) 102! 94'% Lehigh Por C pf(4) 1500 4 . 2% Lehigh Valley Coal 16% 9% Lehigh Vai Coal pf. 14% 815 Lehizh Valley R R_ 100% 89 Lehman Corp (13)_. 15% 12 Lehn & Fink (1%).. 50s 8 5% 1096102 Consol B4 NY p£(8) 3 ll“ 106 . 106 . OI 48% 87% Lerner 8tores (3)... s 5 17% 5% 12% T4 k) 18% 14% 1% T6% 6% 40 214 30% 30% 9% 20% 36 22% 28% 23 «um “‘Ffll”w Net Nll.lfl' Close.Chge. | High. Lov. 5% + 18+ 5% 13% + 8 26% - 59% =2 45% =1 81 + 354 —1'% 1 102 10215 =24 | 3¢ 123% 123% — % | 120 9% ~1% Prev. 1936 Stock ana Dividend Rate. % | 63% 47% Libbey-Owens G(2) }a| 11% 7 Libby McNeill & L. 31% 25 Life Saver (1.60)_.. % | 116 97 Ligg & Myers (t4)_ 116% 97% Ligg&Myers B(14)_ 165 160% Ligg&Myers pf (1). 23% 19 Lilv Tullp Cup(1%) 39% 25% Lima Locomotive... 50% 36% Link Belt (1.20) ... 3215 Liquid Carb ) BN Loew’s Inc (12) ... 0). 13 La Ofl Ret ot (d) ._. 20 Louisv GEEpfA l* 57'% Louls & Nash (a2). 22% Ludlum Steel (1) ... 130' 127 MacAnd & F pf (6). 32% 29 McCall Corp 12) 13% 124 McCrory Stores _ 95 92 McCrory Stores pf._. 49% 39% Mcintvre Porcu(2). 1185103 McKeesp't T P (14). Ié’h 8% McKesson & Rob .. 4 15% 37 49% 43 17% 23Y% 23 6% 10% 194 12 7% K "% " p - [ RICh Rty B9 27% Mack Trueck (1).__. 40% Macy (R H) Co (2). 34% Magma Copper (2). 7% Manat! Sug pf (d).. 14% Man El md gtd (d) .. 17'5 Manhat Shirt (60c). 2% Maracaibo O1) Exp._. 814 Marine Mid14 (40c). 11} Marshall Field & Co 6145 Martin Parry 36'; 27'; Mathleson Alk 1‘6—. 53'% 43% May Dept Strs (2).. 21's 1315 Maytag Co. . 110‘- 103 Maytag 1st pf ®- 12% Mead Corp - 75, 55% Melville Shoe (4) .. U NNDD e S @ 10% 67% Mengel Co - 68% [0 Mengzel Copf .. 51% 40% Mesta Machine (3). 12% 5% Miami Copper 23 17'% Mid Cont Pete a40e 47'5 21% Mi41'd Stl Prod (1) 131'; 110 M1d St 1st pf (8)__ 12% 6's Minn Moline Pwr _ 76's 5T7% Minn Moline Pwr pf 5% 2% MStP&SSMpf.__ 26% 16% Mission Corp 9% 5, Mo Kans & Texas__. 26% 14's Mo Kans & Tex pf__ 4 2% Missouri Pacific(d). 37 Mo Pacific pf(d) . 2015 Mohawk Carp (1) 79 Monsanto Chem( 35% Montg’y Ward(80c) % Mother Lode 28% Motor Products (2). 15'% Motor Wheel (1)._. 11% Mullins Mfg (B) 70 Mullins Mfg pf a3% 44 Murphy (GC) 1.20. 14 Murray Corp.. .. 16% Nash Motors (1)... BT S 2115 Nat Cash Reg (50c) 21 Nat Dairy 2(1.20) 107!3 Nat Dai; 5% 10 Nat Dept Stores __. % 25% Nat Distillers (2)__ 31% 27 NatLead (50c) __ 168 158 NatLead DE(T)A _ 137 t Lead pf (B) (6) at Pwr&Lt (60c) t Ry Mex 2d pf__ Nat Steel (113) - vat Supply Co s Nat Supply Co of 104 Natomas (180¢) - 9 Newport Industries 3215 N ¥ Alrbrake 2 27% N ¥ Central RR . 17% N ¥ Chicago & St L. 361 NYChi&StLopf . 314 N Y Dock - N Y Investors (d)_ NY NH & H (d) NYNH& Hof (4 2N Y Ryspf (d) . 2 N Y Shipbuilding_. %3 N Y Steam pf (6) 93tz N ¥ Steam 1st (7). 210 Norfolk & W (18) _ North Am Co pf(3). 98 North Am EQ pf(6). 24!« Northern Pacific.... 12'; Ohio O11 (50€) -~ 2415 Oliver Farm Equip- 17% Omnibus Corp vte.. 8 Oppenheim Collins. 32% 24% Otis Elevator (60¢) x 136 123 Otis Elev pf (6).__.x 10s 20% 13 OtisSteel ... 1 951y 727 Otis Steel pr pf 47 Outlet Co (12). < Owens- (1] Glass 24 Owenc I11 G.July 24 14 Pacific Am Fish (1) 31; Pacific Coast - 91, Pacific Coast 1st 4'¢ Pacific Coast 2d 30% Pacific G & E (1%)- 475 Pacific Ltg (2.40) .. 14% Pacific Mills 113, Pac West O (b25¢) 67 Packard Mot (a25¢) 13t Pan American Pet . 1% Panhandie Pro & R. 18'; Panhandle P&R pf. 67 ParaffineCo (2) ... 7% Paramount Pictures 59 Paramount 1stpf.. Paramount 2d of ... 17!z Park & Tilford 3 Park Utam 40% Parke Davis(al. 15) 23 Parker Rust P(1%). 414 Parmelee Transp't.. 6% Pathe Film Corp..—. 10 Patino Mines _ 1'« Peeriess Motor..... 64's Penick & Ford (3).. 69 Penney (J C) (13)_. 4'3 Penn Dixie Cement. 18 Penna Glassctfs__. 28% Penn 30 Peoples D 38 Peoples GasChi.__. 56 Pere Marquette pf_. 12% Pet C’p of Am a25c.. 14 Pfeiffer Brew(1.20). 25% Phelps Dodge a50c—. 45'3 Phila Co 6% pt (3)_. 8ta Phila Rap Tr pf(d). 1% Phila & Read C&1.. 66 Philllp Morris (1) .. 8 Plerce Ofl pt 114 Plerce Petroleum. .. 180 176 Pitts FW&Cpf (7)- 11% 715 Pitts Screw & Bolt. 91 3 Pitts United Corp... 5814 Pitts United pf ... 21 Pitts& W Va 11% Plymouth Oil(a25c) 20 Pond Creek Poc(2)- 12 Poor&Co(B). . _ 4'% Porto R Am Tob(A) 1% Porto R Am Tob(B) 6% Postal Tel&C pf(d). 2l Pressed Sti Car (d). 18 Pressed Stl C pf(d). 40% Proctor&Gam(1%). 48% 39 PubSvoNJ (3.40)_ 122% 113% Pub Sve N J pf (8)— 137% 128 PubSve NJ pf (1) 48% 367 Pullman Inc (1%)-. 24% 16% Pure O1I 133% 103 Pure Oil pf (8) 118 91% Pure Oil pf (6) 17% 9% Purity Bakeries 14% 9% Radio Corp 79% 6813 Radlocu 18t pf 3% 9% 5 Radio-Keith-Or(d). 38% 28% Raybestos-M (1%). 48% 35% Reading (2)... - 70 Real Silk Hospf _ 12% Rets (Robt) 1st pf 181; Remington-R (60c). 8515 Rem-Rand pf (6) 47 Reo Motor Car 16% Republic Steel 77 Republic Steel pf .. 78% Repub Stlpf A (6). 241 Revere Copper (A)- 90 RevereC&Bpf-_-. 34 22% Reynolds Met (1) 55% 27 Reynolds Spring (1) 58% 50 Reynolds Tob B (3) MEETING OF UTILITIES POWER IS ADJOURNED By the Associatex! Press. RICHMOND, Va, June 25.—The annual meeting of stockholders of the Utilities Power & Light Corp. was adjourned yesterday for the third time until July 2. Eppa Hunton, 4th, Richmond coun- sel for the corporation, said he did not know the reason for the adjourn- ment, although stockholders were rep- resented only by proxy. 3 180s 9% — - 3% | The meeting was adjourned from June § and sgain from N Net naoo High. Low. Close.Chge. 25 58% 67% 57% + %| 11T% 12 8 4 29 1108 7109 2163 19% 2 121% 1205 137 137 48 19% 181 107 1 96% 301 304 106 102 % 53% 531 11 554 4% Sin— o ™% % + 28% 28% — 108 108 108 109 + 162% 162% — 19% 19% — 35% 20% 52 % 130 130 +1% 30% 30% + % 13% 13% 23 43 104 + % 9 29% 387% 20% 327 THURSDAY, JUNE 25, 1936. Prev. 1930 High. Low. Adfl 4% numold Co(1)... 30 Safeway Stores (2) 22% St Joseph Led (80c). 1% St L-San Fran (d) .. 2% St L-San Fr pf (d) . 00. 1 5 6 1 9 38% Schenley Dista7sc x 21 97% Schenley D pf (%) 1% Schulte Retail Strs. 7% Scnulte R Stre pf__. 53% Scott Paper (1.80)_. 30% Seab’d Oil(Del) (1). 59% Sears Roebuck (2) . 2% Second Natl Invest.. 61% Seo N Inv pt 3. 15% Servel Inc (60c) 20% Sharon Steel Hoop-. 4% Sharp & Dohme. __. 11% Shattuck F G (50¢). Shell Unton Ol . Shell UnO pf (5%)- 9'a Siiver King (40¢) .. 19% Simmons Co 4% Simms Petrol.. 19'4 Skelly Ol - 657 Sloss-Shef Stl pf.. 22 Snider Packing 12% Socony-V Ol (4 4 SoAmG &P a2 26 So Porto R Sug 12). 160 150 So Porto RS pf (8)_ 25 South Cal Ed (1%). 2314 Southern Pacific 12% Southern Rallway_. 19 Southern Ry pf 109% 101} Spang Chal pf 1513 e 124 23% 24" 53% 07‘- 40% 70 Ti% 4% 123 24" 21% 14% 91 5% Sparks-Withington. 67 Spear & Co 15% Sperry C vte b2se. 13% Spicer Mfg 44 Spicer Mfg pf (3 63 Splegel-May-S (3) 21% Square D (B) (50c) 14% Stand Brands(s0c)_ 5's Stand Gas & El «d)_ 9'; Stand G&E 34 of (d) 24% Stand G&E $6 pf(d) 26% Stand G&E $7 pf(d) 35% Stand Oef Cal (11) 32% Stand Oil of Ind(11) 51% Stand Oil of N J 11 65 Stering Prod (3.80) 2% Sterling Secur (A). 81a Sterling Secur pf__. 16'; Stewart Warn(50¢. 14% Stone & Webster___ 914 Studebaker Corp-. 72 SunOfl (t1)._ 124 118 Sun Ofl pf (6) 40'3 6% 14% 29 9% 4T% 16% 26% Th 3513 80 191 96!y To8 L1+4+ 4141 - © ERE 1+0i+0001+ FEEFEFE 9 3012 +10 Er 10% 157 34% 341 10 I+l 1++1 seies Sessses T 80 3214 144 23 16% 12% ¥ 7 4 9% 2% ‘ 95 71, 48% 1227 26' 33% 45 28% 37 116 47% 107 96% 124 11% 25'% LS 3 106 +41; | rations. 24% 24% + % « 108'; ' 22% s 20% Unites Alrcraft __ 13 109 T 13281154 | 165 1608 114% 109 126 1145 118 1154 Dividend rates 8s Including extras. b Paid iast year. 27 Superheater (50¢).. 3. Superior Of 9% Superlor Steel ___. 23 Sutherl'd Paper 'l_. 6% Sweets Coof Am._ 20% Swift & Co (1) 28% Swift [ntl Ltd ( 5% Symington A (d) ... 5% Tennessee Corp 287 Texas Corp (1) . 33 Texas Gulf Sui (3)_ 28 Texas&PacRR _. '3 Tex Pac Coal & Ofl_ 9% Tex Pac Land Trust 337 Thatcher (1). : 8'3 Thermold Co 3% Third Avenue _ 24% Thompson P al 47 Thomuson Starrett. 14% Tide Wat Asso 60c_. 100% Tide Wat A O pf(6). 124 Timken-Detroft ___ 56 Timken R B (12) __ 11 Transamerica a3lc. 147 Trans & Westn Alr_ Ti Tri-Contl Corp 47» Truax-Tra Coal 2213 20th Cent Fox Film 31% 20th Cen Fox pf 1%. 8% Twin City R T 65'% Twin City R T pt. 34y Ulen & Co 78 Und-Ell-Fish ). & Und-ElI-F___July 6 25'3 Und-Ell-Fish 38'3 Unton Bag&Pap (2) 71% Un Carb&Carb 2.40 207 Union Oti of Cal (1) Union Pacific (6) 90 Unton Pacific pf (4 Un Tank Car (1.20) United Air Lines vtc 2414 United Bisc (1.60) Carbop 2.40 T F(11.20). United Corp - United Corp DN.).. United Drug . . United Dywood (al) United Elec Coal UnitEng & F t1%._. United Fruit (3) United Gas Lmp (1) United Gas 1 pf (5). United Paperb'd(d) U S Distributing pf US & For'n Secur__ U S Freight (1) _ U S Gypsum (2)_ 8% US Hoffman ___ 33'; U S Ind Alcohol ( 11'4 US LeathertA)vic. Zl' USPipe&F (1%)- U S Rubber u S Rubber 1st pf S Sm & Ref (a8) USSteet ________ USSteelof (2) - U S Tobacco pf (7). United Stores (A) United Stores pf $3. Univ Leaf Tob (13). Univ Pic 1st pf Univ Pipe&Rad (d). Udl Pwr & Lt (A) .. Vadsco Sales Corp.. Vanadium Corp.... Van Raalte (1) _. Vick Chem (12) .. Va-Car Chemical .. Va-Car Chem 6% ot Va El & Pwr pf (6) 4 Valron'Coal&Coke 14 ValronC&Cpt Virginia Ry pf (6)-. 5 Wabashpf A (d) _ 9% Waldorf Syst (80¢). 30 Walgreen Co ((2) Walgreen pf (6%)_. Walker (H) (2) WalworthCe....o 107s Ward Baking (A).. 2's Ward Baking (B) 47% Ward Baking pf(3). 9% Warner Bros Plo.. 13 Warner-Quin (d). 663 14% 6'x 10 13 241 8013 464 Gnl. 264 52 341 Wesson O&S(150c). 78 Wesson O&S pf (4). 91% West Pa Elec (1)A. 87 West Pa Elec pf(6) 96 West Pa Elec pf(7) 1113 West Pa Pwr pf(6). 121 116'; West Pa Pwr pf(7). 8's Western Maryland. 5% Western Pacific pf. 722 West Union (a2)._. 343 West'gh'se A B (1) 9413 Westingh'se Kl (4)_ 22% Weston El | (a2bc) . 20% Westvaeo Chlo t40c 231 Wheeling Steel____. 18% White Motor. 23 Wilcox Oil & Gas... 6% Wilson & Co (60¢)-— 70 Wilson & Co pf (6). 44% Woolworth (2.40)_. 2§ Worthington Pump. 56 Worth Pump pf(A) 62% Wright Aero. ... 8% Yeqjlow Truck - 833 Yellow Truck pf . 41% Youngstn Sheet & T 68 118'4 105 Youngs S&T pf 34% 11% Zenitp Radio 57 Zonite Products 420,000 800,000 x Ex-dividend 1 2 High. 80 32 25 2 4 42y 99% 1% 104 1,340.000 8 Unit of trading less than 100 shares. $Accumulated dividends. d Companies reported in A—22 www FINANCIAL. ; - : ; FINANCIAL. WASHINETON CAS ITRANSACTIONS ON THE NEW YORK STOCK EX(‘HAN(.ESI[][}KS[N[][]AYV Low. 80 31% 23% 2 4 40% 998, 1% 9% 6014 33u 4% 3 6615 234 23 7 13% 53% 26% 63% 80 17% 131 6414 118% 118% 247 6% 31% - 2'4‘: -1% +1 WITH HEAVY TONE Steel Issues and Other Leaders Off Fractions to About 3 Points. Stock Averages 15 60 Utl) Stks —5 — 486 641 49.1 648 470 615 319 437 508 648 434 55.7 44.7 561 495 216 348 1932 low... 175 239 169 1929 high...146.9 153 9 184.3157.7 1927 low.... 51.6 953 618 618 (Compiled by the Associated Press.) 30 18 Indus. Rails. Net change.—1.1 Today, close 86.3 Prev. day... 874 Month ago- 82.1 - 596 87.4 134 763 355 36.1 347 23.7 397 30.2 312 1936 low.. 1935 high. 1935 low.. BY VICTOR EUBANK. Associated Press Financial Writer. NEW YORK, June 25—The bloom +11; | faded from the stock market today as ik e — 2 -1 —1'| —1h + % S WEA] (EEIERE N -3% +3% 2% + % 6% — % Approximate Sales of Stocks on the N. Y. Stock Exchange. - 12:00 Nooa... 2:00 P.M. Total Sales for the day en In the above table cash payment. based op the latest quarterly or half-yearly decla- 660,000 970.000 the annual fAnnual rate—not a Paid this year. receivership or being (R RURIR SR A | June 3 to June 24 because the annual report had not been mailed stockhold- ers more than 15 days in advance of the meeting date, as required by regu- lations of the New York Stock Ex- change. BEER SALES CLIMB. NEW YORK, June 25 (P).—Total sales of beer for May were 5,040,874 barrels, an increase of 30 per cent over April and a gain of 25.8 per cent as compared with May, 1935, the United States Brewers' Association re- ported, A N UNION PACIFIC HOLDS GAINS OVER LAST YEAR By the Associated Press. NEW YORK, June 25.—Union Pa- cific Railroad Co.’s revenues this month, said Carl R. Gary, president, are maintaining about the same in- crease over last year as has been shown in recent months. June operating revenues were holding about 10 per cent higher. Tennis, soccer foot ball and boxing are now the popular sports in Chile. | 13| the steels, along with a number of other leaders, broke fractions to around 3 points. Despite the general profit-taking movement. buyers were found for some of the oils. sugars and special- 2| ties. The close was heavy. Transfers | were about 1,250,000 shares. The relapse came in the face of 1, | several favorable dividend announce- 'y ments and satisfactory earnings " | statements. Brokers attributed it largely to technical factors having ,»| to do with the lengthy forward push. *| Politics was said to have been a negligible influence. Bucking the downtrend were Stand- ard Oils of New Jersey, California and Indiana, Barnsdall, Texas Corp., | Pure Oil, Fajardo Sugar, American Crystal Sugar, Holly Sugar, Spicer Manufacturing and Motor Products Container Corp. pointed upward | when an initial payment on the new stock was voted. Lima Locomotive did better as orders for a number of railway engines were booked. Fa- . | jardo and other sugars reflected signs of improvement in this field. NEW YORK COTTON By (he Assoctated Press. NEW YORK. June 25—Further realizing or liquidation was absorbed on an opening decline of 4 to 8 points in cotton today. and prices later rale lied on covering and trade buying. October sold up from 1142 to 1155, and was holding around 11.52 | in the midafternoon market, when ac- tive months were about net unchanged to 4 points higher Futures closed steady High, 9-10 higher. Low Las L F | October | December January = i 1 1 March ! 1 1 1 1 1 d Ma, "Spd steady; middis Cottonseed Oil. Bleachable cottonseed oil futures closed steady. July, 9.21-22; Septem- ber. 9.15b; October, 9.02b: December, 891b. Sales, 72 contracts, including 20 switches, b—Bid. New Orleans Prices. # —First no- consicersbie Liverpool Quotations. LIVERPOOL. June o T.000 bales. including ~ 200 American Spot_good <s done: Drices 4 points in_ pence: - American Sood middiing miadinE o rict Rood ordina §.0%: March, CHICAGO GRAIN By the Associated Press. CHICAGO, June 25. — For the second day in succession, fears of | possible heavy imports of Canadian | wheat into the United States put a | damper today on upturns of domestic | prices of breadstuffs. Tending also to hold the wheat | market at anchor despite increasing reports of drought havoc in Spring crop States were larger arrivals of newly harvested Winter wheat South- west. Wichita received 306 cars, Hutchinson, 197, and Enid, 166. Wheat closed irregular, 's lower to | 12 higher compared with yesterday's finish, July 95%a95%, September | 961529614, corn 4 off to 1 up, Sep~ tember 55’.!55‘:, oats %a’s ldvanced and provisions showing 10 to 15 cents decline. WHEAT— July | September__ December CORN— uly September | December OATS— | July | September Decembey RYE— July | September | December BARLEY— July LAl July & September October December IES— 13.50 Chicago Cash Market. Cash wheat, No. 1, red, new crop, 1.02% ; corn, No. 3, mixed, 67%z; No. 5, mixed, 65!2; No. 1, yellow, 69!z No. 2, yellow, 69'5-12; No. 3, yellow, 68, -3 | No. 4, yellow, 66-67; No. 5, yellow, 65-6512; No. 1, white, 77%; No. 2, white, 77'2; sample grade, 62!-63; Oats, No. 2, white, 34';; No. 3, white, 30%-32%2; No. 4, white, 2915-303; sample grade, 2812-29; no rye; soy beans, No. 2, yellow, 94'2-95; barley, feed quoted, 35-42; malting quoted, 52-92; timothy seed, 3.90-4.20 cwt. clover seed, 11.00-18.00 cwt. 6075 High ‘o 10.00 BELL! July Liverpool LIVERPOOL. :unl tures closed easy. t Prices. 5 (A).—Wheat fus Low. e “ k) Cloge. Giose: R93 Alie 807 oty w0 sow Baltimore fl ml- BALTIMORE. June ‘Wheat. No, 2, Ted Winter, garlicky, spot, domestic. and June (no auotation); July, 87 (bid). — RAILROAD EARNINGS NEW YORK. June 25 (#.—Railroads re= gmnx May et operating’income '(befors ed ci s and other income) today Ann Arbor MONTREAL SILVER. “",:'ONTR!A'- Jun. 25 lfl'.;-llll\llrh rehanesd 1o July «hn. Bnumbfl W80 A