Evening Star Newspaper, June 26, 1936, Page 19

FINANCIAL. SLUMP RECORDED BY POLISH BONDS Plan to Meet Payments in Blocked Currency Brings Decline. Bond Averages 20 10 10 Rals, (adus o0 rorn. Net change. —2 .1 +.1Unc. Today, noon 92.1103.0 102 0 69.9 - 92310291019 92.0103.0101.6 82.7 97.0 958 94.3104.11025 86.9101.8 993 87.8102.2 998 764 922 845 . 458 400 648 -101.1 98.9 1029 100.5 10 Low-Yield Bonds. Noon ....111.6 Prev. day-111.6 Month ago 112.0 Year ago.110.2 1936 high. 112.3 1936 low.. 110.2 1935 bigh. 110.7 1935 low.. 1079 1928 high. 1044 1032 low.. 868 (Compiled by the Associated Press.) By the Associated Press. NEW YORK, June 26.—Announce- ment that Poland would meet bond interest in blocked zlotys brought sharp declines in Polish obligations in th2 bond market today. Poland 8s pitched down more than 16 points under moderately heavy offer- ings, while Warsaw 7s yielded about 11 points. Other sectors of the market were quiet. Some selling dribbled into car- rier liens. Shortly before noon frac- tional losses ruled in Chicago Great Western 4s, Rock Island General 4s, Lehigh Valley 4'2s and 4s, New York Central Convertible 6s and Southern Pacific 41ss. Allis Chalmers 4s rose about a point. Bethlehem Steel 44s, Armour 4!2s and American & Foreign Power 5s edged forward slightly. Activity in United States Govern- ments contracted sharply as modest upturns were scored by Treasury 4%s, the 3!gs of 1949 and the 27ss. — e DIVIDENDS ANNOUNCED NEW YORK. June 26—Dividends de- clared (prepared by the Standard Statistics Corp.) e rre 2 Pe. Stock of Pay- Rateriod. TE0ors. able. Met Coal 7% Bt Increased. Premier Shares.___. Reduce Holep! Hos 633% pf. Extra. Alaska Juneau Gold M_15¢ — Alasks, Junesu Gold M Arroo-Hart & Hes El ., 6187, _ $1 Baldwin Co Biitmore Hats Li Contl Gas & El_ Crandail-Mc East G4 F | 1oV Rtk & Guar johnson Service anging Co_ Larus & Bros b N Bk (Wsh.DC. ihe Prz s 50 Dl iquid c-momc 3 ass Invest Tr_ cCrory St 6 Ile‘ulmue Tr (Baiti s Do <5 Plume & Atwood Mf_ Reading Co Do. Do. 74 Sec Stee (Wa Southeagtern Inv Tr of Tivol Brewiriz Co. INSURANCE STOCKS NEW YORK, June 26 (P.—New York Se- eurity Dealers Associati Aetna Cas l"‘.l Actna Ins (160 Am luult (1 Am Ins le'lrk %) Am Reins (3)_ Am Reserve (1 Am Surety (215 Hanover (1.60) Harmonia _(1.20) Hartford Fire 7estchester (1a)~ (8) Also extra or extr: () Declared or Dnid % Tar this year. {IEW YORK BANK STOCKS NEW YORK. June 26 (P.—New York £=curity Dealers’ Associa: QRotations ‘as ot 3 5'clock.) Bid. " Asked. Tk of Man (1 293 Tr L @ 6112 11813 4. NEW YORK SUGAR. YORK. June 25 (# —Raw gug: finers 'n make commitments at last paid prices 3.75 for suzar in suluhl positions. RNothine was offered below 3.80 and no sales were reported. Futures opened unchanged and held Re! unchan; ed Xy runulnzd with & little better ‘withdrawal crmand reported. e RAILROAD INCOME. NEW YORK. June 26 (P —Railroads re. bivg et operating income (before Dxed ¢ els "m{g‘ me) n- unl Great B Louisviile 8t. Louis N orth. i. Great ew Haven Boston & Maine Maine Central Bangor o ntral of N. J. - & W Goast. elaware . Y. ont. ckawanns high Florida East HONEY nm'r e hces. unchang scount '“:'%.x Reserve Bank. 17 DeF cent. Pan-American Airways Corp.—Com- BONDS ON N. l’m\flhmhm“& Approximate Transactions Today. U.S. Gov't Bonds...... $560,000 Foreign Bonds -ceee-.. 1.180.000 Domestic Bonds.... 7.880.000 TREASURY. High. Low. Close. Z*I \)(I-“ 10319 10316 10319 10031 1011 10131 102 1059 1059 38 1961465 e 1047 1047 1047 3%81946-49 ____ 1062 10531 1062 3148 1949-63_.._. 106 10528 10528 3%s 1941 108 28 10828 108 28 8% 1944 46 10719 10719 10719 3%s 1940-48 June 10812 10812 10812 3%81943-47 10810 10810 10810 48 1944-64 11230 11228 11229 4348-33% 19 . 10727 10725 10726 438 1947-52 . 11728 11723 11728 FEDERAL FARM MORTGAGE. 2%81942-47_... 1025 1025 1025 331949 . - 10225 10223 10223 HOME OWNERS' LOAN. 238 1943-44_____ 1019 1014 1015 2% 1939-49. 1017 1013 1017 381953 10215 10214 102 14 FOREIGN IONDS Low. Abitibl Pa&Pw 58 ‘83 ‘9'4 48% Agr Mtg Bk Col 68 47 Feb cou :n Antioquia 7845 D.... Argentine 5%8 63 Argenting Argentine Argentine 6: Argentine 6 Argentine §s 60 May Argentine 6s 60 Sept Argentine 63 ‘60 Oc Argentine 63 ‘61 Febr Argentine 63 61 May Aunrllll 4y tralia 68 A ralia 6 Austrian 7s 57 Belgium 6%8 49 cee.. Belgium 78 ‘66 Belgium 1 Berlin 6s 58 B Brazil 6%s '26-'67 37-'57 100% 99% 10074 10013 100% 1007 100% 100% 100% 100% 100 101 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 1004 100% 100% 100% 100% 100% 100% 101% 101 101 107% 107% 167% 107% 107% 96 96 4 107 107 116% 116% 116% 107 23 24 4%8-3%s8 77 (PV). Buenos A 6s 61 st Pv BuenosA6%s'61stPv. Bulgaria 7s ‘67 July coupon off.... 16% Canada 2%8 ‘45 aee. 15 99% Canada lKl 61 cccee. 101% 1014 101% 108% 108% 108% 114 113% 118% 394 394 39% 14y 14% 14% 14% — 4% Chile Hll Bk 63’61 _ Chile Mtg Bk S‘fif"]. Chilean Mun L 7s 60. Colomba 6s "61 Jan Colomb 61 Oct Col Mtg Bk 7846 Copenhagen 6s ‘52 Cordoba 78 ‘42 Prv_ Cesta Rica 7's A 51._. Cuba b%s 46 - Denmark ¢%s 62 Denmark 6%s ‘55 Denmark 6542 __ Dominic 1st 5%8 40 Dominic 2d 5%8s Dominic 1st 5%s '42 Dresden 7s 45 El Salvador 8 | Finland 6138 66 | Frankfort 6%s ‘53 | French Gov 78 49 | French G 7s'49 un st_ French Gov 7%s ‘41 | Ger C Bk A6s 60 July | Ger C Bk A 68 60 Oct e 0| Ger Gen E) 6548 Germ Gov 5% 8’65 st Ger Gov 5%s°65 un st Ger Prv & City Bk con Ag 6%s 58 ___ Good HS & 178745 Grt C El Jap 6%s '50. GrtCElJapTs'44 Greek Gov 6s'68pt pd Hait) 63 52 & 105% 105% 105% Irish FreeSt6s°60._. 114 114 114 italy 7s'61 7 8 Ital Crd PW 7s'37 A. (talCra PW 78 '47B. ital P UCrd 78°63 Japan 6%e ‘65 Japan 6%s 64 . Kreu&Toll 68'59A cfs Leipsig 7s 47 . Lombara El 7s ‘52 Medelin 638 64 _ Met Wat 5345 ‘50 Milan 6l%s 52 = | Minas Gers 6155 58 Sept coupon off___ Montecatin) 15 37 New So Wales 6s '57 ~ew So Wales 58 '58. Nora Ry 6%s 50 Norway 4% s '65 Norway 4%s ‘56 Norway 58 ‘63 Norway 6s'43 __ Norw Hy E16 Orlental Dev 6s ‘53 . Oslo 6566 .- Panama 6s 63 stp Panama (%s ‘53 - Paris Orl Ry 6%s°68 Pernam 7s "47 Sept coupon oft. Poland s 47 Poland 8s 50 Rhine W El P 68’52 Rhine W El P 6s ‘55 Rio Gr do Sul 6s ‘63 June coupon oft. Rome 638 ‘52 1a 7 Sao Paulo St 6s July coupon oft Sao Paulo St 7 Sao Paulo St 8 July coupon off Saxon St Mtg 7s '45._. Serbs 62 unmeo.. Serbs 8s°62unm co.. Silesia Prov 7s'68 Sydney 6%8 66 ... Tokio 5%s ‘61 Toklo El Lt 6s Un St] Wk 6% Uruguay 5% 8% 28 50% 50 50 74 Uruguay 8846 Venetian MG B '!:’H 1 99% 100 106% 106% 106% 2 72 72 93% 93 93 88 87% 88 50% 50 50% 138 136% 137 101% 101% 101% 7 1M 77* 70 70 112% 112% 112% 105 105 105 112% 112% 112% Alb Per W P Alleg Corp b8 Alleg Corp 68 ‘49 Alleg Corp 6s ‘50 stp. Allis Chalm s 46 Am Beet Sug cv h’n Am & For Pw 58 2030 Am Icecvbs 6 Am wn Wks 68 1 Anaconda db ¢%s 50 5 Anglo Ch Nitr 7845 Anglo Ch Nit 7s’45ct_ Atlanta & Bir Atl Coast L 18t 48 63 :f"& k¢ THE EVENING Atlantio&D 1st & LT (IITILE G 3 Bklyn Un Gas 53°45. Bklyn Un Gas 68 ‘50 .. Bklyn Un G rf 6s°47. Buff R&P con 4348’67 BCR& N 5s'34 ctfs Bush Term cn Bush T Bldg ” 108 103 STOCK High Low. Cless. 51% 51% 51%|La 41 46 47 70% 70% 70% 106 T3% 2% 112% 112% 112% 86% 84% 85l% B4y 84 84U 84% 84 84% 96% 905% 96 103 103% 103% 103% 96% 96% 96% 1281 128% 128% 105% IOI% 1914% 991; 991 99% 104% 104% 104% 121 121 121 104% 104% 104% 128% 128% 128% 8% 1% T8% 18% 184 18% 58 58 58 60 59 60 14% 14% 144 1- 115% 115% 116% . 115% 115% 115% Can’dian N 6s°69July. Can'dian Nt 58°690ct. Can’dian NR 6870 ... Can dian P db ¢s perp Can Pacific ¢%s Can’dian Pe ¢ %8s Can‘dian Pe 68 ‘64 Car & Gen 55’50 ww. Cent of Ga 1st 68 '45.. Cent of Ga con s 45. Cent 11l E&G Centof N J ¢s°87 Cent of NJ gn Cent Pao 1s Cent Pac s Cert'd deb 634848 Champ P&F ¢%s ChesapCcvbs 44_ . Chesap Corp bs '47 C&Ogen+ %l 3s Ch1 B&Qgen 48 58 . ChiB&Qé¢%s 77 Chi B&Q Idiv3%s'¢9 Chi B&Q 1 div 4849 Chi& BEIl6s°51 Chi & E 111 63 51 ctfs Chi Grt W 4s ‘69 Chi 1& L gen b8 Chil & Lref 6847 Chi& NW gn 4s'87__. Chi & NW 4348 2037 Chi & NW 438 2037C. Chi & NW %849 _ Chi & NW rf 58 2037 ChiR I&Prf ¢3°34 Chi R I&P rf 45’84 cf. ‘8 CRI&P 4%s 3 Chile Cop deb 68 47__ Cin Un Ter s '57 C-_. CCC&StL gen 43 '93__ CCCASLL rt 4 %' 1TE CCr&StL rf 63 ‘63 D Clear & Ma 1st 55 '43 Clev El [llu3% Clev Short L 4145 61 Clev Un Tes 4%s 17 Un Ter5s*73 B Clev Un Ter 6348'72A Colon O11 6s '3 Colo [nd el tr Colo& So 4% ColumblaG & B 68 ‘63 May Zolumbia G&E 65’61 Comel Inv T 6%s 49 Cons Coal Del 65 '60_. Cuba RR 1st 6s ‘62 Cuba Nor RR 5%s '43 Cumb T&T §s "37 Del & Hud ref ¢s 43 Del P& L 4%s'T1___. Den G & E 5s'51 Den G & E 5s 51 st Den& RGcn 48 :s DulSS & At bs 'II Duquesne Lt 3%s ‘56 ET V & Gacn 58 '56 Erfecvds 52 B _ Erie con 4396 _ Erie gen 4s 96 _ Erte ref 63 '67 Frie ref 55 ‘75 - Erie Gen Riv 68’57 Gen Cable 5%s 47 Gen Pub Sve 5%s ‘39 Gen Steel C5%s 49 . Gen Thea Eq 63 40 __ Gen Th Eq 6s '40 cf: ric! 6 Gt N R gen 4%8'76 D GtNRgen4%s11E Gt N R gen 7336 A. Green Bay 6862 B. Guif M& N 50 Guit M & N65%s ‘50 Sulf Sta St15%s 43 Har Ry-P C 1st 45’54 Hous B&T 1st 6s Houston O11 6% Hudson Coal 6s '62 Hud & Man ino 68’57 Hud & Man ref 6s '57. 11 Cent coll tr 48 '53. (11 Cent coll tr 45 63 111 Cent ref 4s ‘56 11 Cent 4% 111 Cent ref b I11 C Cairo Br 4 50_. ICC&StL NO 6s 63 _ Ind Il1&Iowa 4s '50. intand Stl 3%s 61 Interiake 58 51 Int Agr el Int Hydro E} 4. Int Mer Mar 8s 'u e IntRyofCA ll'".. Int Ry of C A 63%8'47. Int T&RT ov 4%8°39._ int T&T 4%8 63 Kan crumuflm Kan C So 1st 38 60 50 {anG& E4%s 80 Keith 6s ‘46 Ky&Ind T 4%s'61 pL 1 Kv&Ind T 434s ‘61 st Kl:n"Counlv El&Pw Leh Val Coal b3 54 _. Leh Val Coal 55 "64. Vai Har bs 64 . Y l.*l 4x'45 gta. . 110% 110 . 100 118 118 118 120 119% 120 120% 120% 120% 95% 94% 95 105 104! 104% 105% 104% 104% 108 107% 108 105% 105% 105% 66 66 66 26% 24% 24% lfl“fi 1031% 103% 89 89 9!96 98 988 110% 997% 100 92% 2 105% 105% 105% 119% 11815 119% 136 135! 136 125% 126% 125% 1097 109% 109% 110% 110% 1107 52 51% 51w 112% 112% 112% 11213 112 112 107 107% 107'% 111% 1117% 111% 1% 16 80 102% 102% 110% 110% 103% 103% 931 934 101 101 104% 104'% 110 110 i 1 102% 102 107% 1073 110 83 744 3% 104% 105% 101% 101% 92% 921% 7.. 103% 103% 102% 102% 12 '73% 105% 105% 77\6 16‘6 821 82 102% 102% 105 1043 95 90% 90% S0% 105% 105% 105% 93 93 93 106 106 106 103 103 103 105% 105% 105% 161 161 161 69% 67% 67% 103% 103% 103% 30% 29% 30% 105% 105% 105% 631 631% 631 57 57 93 69%, 90% 463 521% 56 120% 120% 1203 9% 79% % ” bofrllllrd'l 4o 132 Kl 132 STAR, WASHINGTON, D. C, FRIDAY, JUNE 26, 1936. EXCHANGE Ark 68 69 .____ lt 4s 100!.... i"& N'/n Clese. 94% 102% 102% 102% 108% 108 108% 107 103% 103% - 112% 112% efs. Marion St Sh 6s * d' Market St Ry 78°40 A Met Ed 15t rf 43,5°68 Mich Cent 3% Minn'& 5t L ba 63 A=, MStP&SSM cn 48 ‘38 MStP&SSM cn 68 '38. MStP&SSM 6s ‘38 gt_ MStP&SSM 6%s 49 __ MStP&SSM 614 MStP&SSM rf Mo I116s8°69 . MoK & T 18t 4890 MOK & T 4%s'18 MOK&T6s 624 0 68 '78 Mo Pac 6578 G ctfs. Mo Pac 5s 80 H Mo Pac6s'811 Mo Pac6%s 49 A _ Mob & Ohio 43%s ‘77 Mob & Ohlo 6s '38 . Mohawk & M 48 91 Monong Ry 1st 4 Mont Cent 6s ‘37 Mont Pwr r rs- Mont Pwr 63 Mont Tram bs u . Mor & Esx 58 ‘65 Nashv C&St L 4s 75 Nassau ElI 4s ‘b1 gta Nat Dairy 3% &'51ww Nat Dis PC4%s 45 New » P&L 4%8°60 _ New Or GNR 6s 83 A New Or PS6s'63 A__ New Or P 8 68 '55 New Or Ter 1st New Or T&M OV."E‘ New O T&M ine 5s°35 New Or T&M 63 °54 B New Or T&M 5%s ‘64 N ¥ Cent 3%s ‘97 YCLSh3ks 98 _ NYCL Sh3%s'98 rg.. NYC Mich C 3%s 98 NYC&St L 1st 48 °37. NYC&StL 4%s78 __ NYC&StL5%s T4 A NYChi&StL6s’'3s. N Y Dock 1st 4s°51._ Y Do(’l( bs 22222222 NY NH & H %8 61 NY NH&Hel tr 65 40 NY W&B C%l Niag L&O P Niag Sh 6%s Norf & W 1st 43'98 _ Norf&W PC&C 4s *41 North Am Co 63 61 North Am Ed §%s'63 Nor'n F gen 38 2047.. Nor'n Pac 4s 97 Nor'n Pac ¢%s Nor'n Pac 68 2047 Nor Pac 58 2047 D Nor'n Pac 68 2047 North Sts Pw 414s ‘61 Nor'n St P 1sts’41 A Ohio Edison 4s "65 Ohlo Pub Svc T%#s'46 Ore RR& N 4s'46___ Ore Sh Line 65 46 Ore Sh L 65 46 gtd. O Pac T&T rf3%s'66 B Pac T&T 1st 37 Pan-Am P C 6s 40 ctf Param’t Pic 6s 55 __ Penn Dixle C 6s°41__. Penn P & L 4%= 81 _ Penn R R3%s'70C.__ Penn IR con 4s 43 Penn KR 45 63 _ Penn RR4%s 81 D__ Penn RR 4%s ‘34 Penn RR con + 45" Penn RR gn 4% Penn RRdb 4% Penn RR gen & Pere Marq 1st Pere Mara 4% Pere Marg 1st 6s Phila B&W cn 55 ‘T4 Phila Co bs 67 Phila EIl Co 4871 Phila E1 Co 4%s ‘67, Phila & R C&1 3. Phila & R C&l Philippine Ry Postal Tel & C 68 °63_ Pressed Stl C 5833 _ Pure Oll 4%s 50 ww. Purity Bak 58 '48 ___ Reading Jer C 43 '51. Reading R 4%s ‘97 Rem Rand 4% Republic Stl ¢%s ‘60 Republic Stl Richtield Of} Richfield O 6 RioG Wcol4s 49 A_. R1A&L 1st 4%s'34_. Rutland Can 4s 49 Rutland RR 4%8 41 St L IM&S R&G ¢8°33 St L-8 Fran 4850 A_. St L-8 Fran 4%8°78 StL-SF 4% St L-S Fran 58 WlB.. StPKCSL4%s 4l St P M&M ext 65 '43.. San A&A Pass 48 ¢3. San An PbS 68’62 A Schulco 6%s 46A stp Secioto C&N E 4589 Seabd A L 6s 46 A Seabd 46 cfi Seaba A-Fl ex36Act. Shel) Un deb 3%s '51. Sierra & SF P 5549 Stlestan Am 18 41 So Pac col 4s So Pac ref 48 66 ——eee S0 Pac 4148 68 . caue-. 95% 954 103% 103% 40% 40% 40% 40 81 80% 100% 100 108% 108% 107% 1074 104% 104% 104 104 7 7 110% 110% 107 107 103% 112% 95% 103% 40% 40 81 100% 108% 107% 104% 104 110% 104% 1045 104% 107% 107% 102% 102% 103 102% 98% 934 106% 106'% 85% 85k 981 98K 9% 921y 3T% 334 10413 1224 105% 104% 107% 40% 20% 31l 112 9! 9 116% 115% 94 94 9% 99% 107 107 109° 108 8% % 3% 96% 110% 67 104% 105% 93 105 89% 891 90 2 mv,. mu Spokane Int 68 Staley A E és Studebaker cv Swift & Co3%s 60 Tenn Ccaces 44 B El Pw 1A 1m 102% 37!‘ 85% T1%. 71 85 85% . 107% 107% 18% 18% 105% 105 98% 98 108% 106% 104% 104% ; 102% 1024 104 103% 104% 104 _Jlu 104 ‘Third A ad in ex 685 68y 108 108 IBR 35% ' 107% 102% 103 93% 87% 9T 91 65% DIVIDENDS TOTAL CONTINUES CLIMB Favorable Actions in Last Two Days Taken by 18 Companies. Bv the Associated Press. NEW YORK, June 26.—Favorable dividend actions have brought to 19 the total of important companies in- creasing, resuming or making extra payments to stockholders in the past three days. Container Corp. of America resumed common dividends with declaration of a 25-cent quarterly payment. The last previous payment was 30 cents on January 1, 1931, on the class “A” com- mon and 15 cents, paid April 1, 1929, on the class “B” common, then out- | standing. Barnsdall Oil Co.—Directors raised the dividend to 20 cents from 15 cents previously paid. Although the stock was put on a regular 80-cent annual basis, compared with 60 cents, the rate to stockholders was unchanged inas- much as 5-cent extra dividends were declared in the two preceding quarters. American News New York Corp. ordered a 10-cent increase in rate to 40 cents, while initial dividends of 25 cents were declared by Detroit Gasket & Manufacturing Co. and Root Petro- leum Co. Manning, Maxwell & Moore, Inc., New York, manufacturers and dealers in raflway and machine tools, declared today a dividend of $1 a share on capi- tal stock, payable July 1 to stock of record June 30. The last previous divi- dend of 50 cents a share was paid April 1. Small extras were declared by Collyer Insulated Wire Co., Ofilstocks, Ltd.. and Wellington Pund, Inc. Companies to resume disbursements were Chicago Railway Equipment Co., Tonopah Mining Co. and Wolverine Tube Co. Payments against accumulated div- idends on the $7 prior preferred and $3.50 preferred shares were declared by International Utilities Corp. Yesterday favorable dividend actions | followed dividend increases Wednesday by Westinghouse Electric & Manufac- turing, United States Smelting, Re- fining & Mining Co., Consolidated Oil Corp., extras by New Jersey Zinc Co., Link Belt Co. and a reduction by Gold Dust Co. INVESTING COMPANIES NEW YORK. June 26 (# —New York Security Dealers' Association: (Noon quotations.) Admin Fd nd Inc Am Gen Ea Inc Am Business Shrs Am Ins Stocks Basic Industry Corp Jr Acc Mod Cumulative Tr Bh Depos Bk 8h N Depos Ins 8hrs :_’A Gen Investors Tr | Groun Sec Ariculture Groun Sec Automobile Group Sec Building Group Sec Chemical Group Group Sec Invest Shrs ¢| Group ec Merchandise Group Sec Minin Group Sec Peiroleum Grnnn Bec R l!unlv Groun Sec Group Sec Tobacco Coll = nvestors Fd “C" Inc __ Investors Fund of Am Kevstone Cust Fund B-3 Ma. Plymouth Fund Inc Quarterly Income 8h 104% | Bu 1224 105% 104% 107% 41 20% 31% 112 119% 891 88 701 91 115% 94 99% 107 108 96% 110% 67 104% 105% 98% 105% 90 89% 20% ll!% um 86% 1% 85 107% 18% 105 98 106% 1om 102% 103% 104 104 684 108 35% Supervised Shrs Trustee Stand Inv Trustee Stand Iny D Trusteed Am Bk "B Trusteed Industry Shrs - Trusteed N ¥ Bk Shrs STOCK SEAT HIGHER. NEW YORK, June 26 (#).— Ar- rangements were made yesterday for the sale of a New York Stock Exchange membership for $115,000, an increase of $5,000 from the previous sale. The highest price for a seat this year, $174,000, was paid February 19, and the lowest price, $100,000, was paid May 4. NEW YORK BAR SILVER. NEW YORK, June 26 (#).—Bar sil- ver steady and unchanged at 44%. Low. Close ‘Tol St L&W 4550 99% 99% 99% Tri-Contl Corp 6s '53. 118 118 118 Un E1 L&P b8 67 105% 105% 105% Un Ol ot Cai CI 41 118 118 118 Un Pac 1st -- 114% 114 114 Un Pac ¢s 68 ... 102% 102% 102% Un Pac istrf 4s 2008 109% 109 109% Unit Drug 6s 63 101% 101'% 101% USPipe Fary 3%s ‘46 109 108 108 U S Rubber bs 4% 107 106% 106% Utab L&T 68 ¢4 A 101% 101 101% 103 103% 6815 69% 2% 2% 88 88 14% 14% 108 108 104 104% 884 8813 High Va Ry 1st uu‘u A Va 8 W con bs Wabhsh 1st sh 2 Wash Cent 4s ‘43 Wash W P 1st 68 '39 Westchester L 5850 WPaP4s'61H WPaPlstés'63E 124% 124% 108 108 122% 123 90% 90% 98% 100 White Sew II W Sp St 1st 78 36 ct. W Sp St con 78'3b et Wilkes B&E 1st 65°42 Wiison & Co ¢ Win Sal SB 1st 4560 110 Wis Cent 1st gn 4s 49. 18% 18% 18% ¥'ngst'n SAT 3% s'61 109 108k 1084 YngstnS&T 4861_. 99% 99% Youngtn S&T 68°'70B. 1064 106% 106% Youngtn S&T 5s'78. I(M% 1047% 104% 19% 19% 19% 19% 55 Steel Chief T. E. MILLSOP, Just elected {wesident of the Weirton Steel Co. Only 37, he is said to be the youngest high executive in the steel industry. —A. P. Wirephoto. Loss of $112,308 Shown in Quarter By Aviation Corp. By the Associated Press. CHICAGO, June 26—L. B. Man- ning, president of the Aviation Corp., announced that the consolidated net loss of the corporation and its sub- sidiary companies for the first quarter of 1936 was $112,308, as compared with a deficit of $181,975 in 1935. Manning said unfilled orders as of March 31 amounted to approximately $2,000,000. Washington Produce BUTTER—Range of prices in stores gathered {rom wholesale deslers prices to nearby shippers based on Philadelph New York prices): One-pound prints. ton (92 score) i-pound prints. ca (80 score ) Ys-pound prints, carton ( d prints. carion (40 tuby 85 sdore). 3% tuns (00 —Beet, 12016 veal 13817 lamb. a .c(zmuuuna 1028 "OCK—Pis. a10%a: light hogs. ‘mediums. 10810 heavies. _ba loga: Foushn uB calves, 5aBvs: Tambe: Prices paid shippers. net fob. Washing- ton. by the United States Bureau of Agri- culiural Economics EGGS—Market _about anged prices. Curren '2: hennery whites. a° ancy at 1 to % cent permium. Goveri ment graded and dated white eggs (inclu ing erading and marketing costs): U 8 gxtras. laree. 10 as. mediums. U i U. S brown | at_ un- steady , receipts. LR TRY—Market barely steady | ckens at auoted prices. Re- | Iy b wl: Colored. < Hen: 14a15; a few at 16a17 Fruits and Vegetables. Sales In larze lots by original receivers up to R a.m. today. CANTALOUPES—One A fornia arrived: five broken and four un. broken cars on track: supplies moderate demand moderate: market steady. ~Vine ripened and pre-cooled: Californis. mon Meats 45083 75 bos 45s. 3 bos, umbos. 36s. 1 3 50: Geor- backed logally 1008150 Two North C: supplies moderate dull. North Carolina Va_ stave barrels. 15502600 California_arrived: | on track: supplies light: demand light: market California. jumbos_ s mostly around 3.75. CARROTS—One _ California _ arrived: three broken cars on frack: supplies mod- erate: demand light; market steady. Cali- fornia. Western lettuce crates. bunched. 27583.00; hall lettuce crates. bunched Y—One California arrived: three broken and three unbroken cars on track: supplies moderate; demand light: market Callfornis 4 crates, individuaily d_pre-cooled. 3%-5% a:3.25: New vmullly washed. ozen RN—Two Alabama_arrived: broken cars "on “Vrack suppiice li mand moderate: market steady. crates: Florida truck receipt: North Carolina 1,00; few S1 CUCUM Bms—s\mpxm liberal: demand dull. South Carolina. bushel York. "2 slow: market Tew 1 i California_arrived: four broken and six unbroken cars on track: | | supplies_moderate; demand light: market | weak. California Western crates. Icebers NS — Two Texas arrived: three broken and one unbroken cars on track. Supplies moderate: demand moderate: mar- keu steady. Texas s0-pound sacks vellow Bermudes. U fair con- aion 93 %o0ni 13: Peach Prices Steady. PEACHES—No carlot arrivals: one bro- ken and two unbroken cars on track. Truck receipts moderate; supplies mod- erate; demand erate; market steady. ;{un’nnucnrollnl‘ -bushel ‘baskets Early inches. Buskets Early Hose 0. BN minimum. 250: inch’ minimum 2-inch minimum. 10; _13-inch _mini- mum. 1.50; 1,-bushel’ baskets Greens. boros. sizes unmarked Seuth Caro- lina, ‘3-bushel baskets Eatly Rose. U. S. No. 1. 1% to 2 inches. 75al1.00. Georgia, y3bushel baskets. Hilevs, U. 5. No. 1 1% to 2% inches. 1.50al M Gne' Mississipp! _ arrived: one unbroken car on track. Supplies mod- erate; demand moderate; marRet slightly stronger for good stock. Lug boxes, ripes most -nd largcr fair condition. MELONS—Two _Florida, seven Georgin atrived: two Broken and’ 1% un- broken cars on track. Truck receipts mo erate: supplies moderate: demand mod- erate: market steady. Georgia, bulk. per 100 melons. atsons, 30-pound d s il rivals: A BEANS . Supgiies light: demand moderate: market steady. G bhampers. 2.50a3.00: EGGPLANT- light: market steady crates "12582.00: bushel hampers. 1.2 a1 50 upnlies lght: demand light: market steadv. Florida bushel hampers. green 1 50: noorer lower OKRA—Supplie: lisht: demand market _weak. Bushel hampers 150a1.75: North Carolina. 1.00: few Blackberries Improve. BLACKBERRIES—Supplies _ light: de- mand moderate: market slichtly stronger. Thirty-two-quart crates: Maryland. 3.50: poorer lower: North Carolina. ceiotx. heated 1.00a2°00 HU annnm—sunpnu “Tent; ady. o North slow; mand - mederate: market upplies moderate; de- mand <low; market steady. Redca: Maryland ' 4a10: New Jersey. 10. Black: caps: Maryland. 10a12!; per cent. HONEY DEWS—Four California arrived: two broken and three unbroken cars on Tack. Sun: erate: Lipene 5 market i ed and, nre-conua standard erates. oR Phrée - California arrived: three broken and four unbroken cars on track ~ California. boxes. No. 1. 3.5084.50: o_ 2. 3 amorm- Poxes. No. 1, .50 #.0026.50. as to size. S ARAG TS New Jerses. crat bunches extra colossal. 8% sal 1.50a2.00: extra fancy. 1 PPLES—Cuba. crates. as to_ size UEBERRIES—Quarts: North Carolina. 40a50: Florida, 2 SPINACH— vania, bushel ket ANAN rs arrived: one bN- keh ang three ¢ uéfi?oi‘en' Gurs on frac b l e-r - “Cl ifornia Imvtd one_unbroken K: ‘!e uflo( arrivals; cne broken car on track. L C. L !x-m Arrlvlll 19 fh s somatons T L imes: jes. 45 x- und baskets m Sooms: West Vi po “hunm ‘baskets numeu vm 2 water- unkn vflltll. Vegetables. rrels 9 crates mixed _— | the United States was up 36 per cent | compgred with the like 1935 month. FINANCIAL. C. & N.FINANCING PROPOSAL ISFILED Reorganization Plan Calls| for Funding Debt of $556,946,000. By the Associated Press. CHICAGO, June 26.—A plan of re- organization for the Chicago & Northwestern Railway Co., calling for refinancing of its $556,946,000 in ob- ligations, was filed today in United States District Court. The line filed a petition for permis- | sion to reorganize under section 77 of | the amended bankruptcy act on June 28, 1935. One goal of the plan was reduction | of fxed interest charges. It pro-| posed a shake-up of securities which would cut this burden from $16,582,- 300 a year ago to $4,662,705. Chief item among the railroad's obligations was approximately $150,- 000,000 in general mortgage bonds, | issued under 10 mortgages. The plan proposed issuing new securities, using as the yardstick a five-year |3/’ average market value, covering 1931- 1935. The railroad had 20 issues of se- curities to be remodeled. { DECLI;JE IS ;REVEALED IN DEMAND DEPOSITS\ By the Associated Press. After rising to a new peak early in June, demand deposits of member | banks of the Federal reserve system in leading cities have declined as result | | of the mid-June transfer of funds to the Treasury. But banking authorities look for a | fresh spurt as cash distributed in re- turn for bonus bonds flows into com- mercial banks. Adjusted demand deposits, exclud- | ing United States Government and | inter-bank deposits, of reporting banks | in 101 cities compared as follows: Week ended June 17..$14.431,000,000 Preceding week...._.. 14,677,000,000 Same week last year.. 12,875,000,000 CHICAGO LIVE STOCK. CHICAGO June 26 P (United States | Department of Agriculture) —Hogs, 8.000 including 1,800 direct: mosily 10830 er than Thursday's average: 0.7 DLk desirable 180-250 pounds 10.50868: 50 pounds. 10.00a60: better grade 40-160 "pounds. 10.25a85: most sows.| e 500; beet steers to, 40, cents sdvance 5. best | eifers ‘scarce. about | 65: vealers steads. Tatzely D00850: Tew Selects. 10.00; stock- ers and feeders dull. Shezp. 6000 mcludlnl 500 direct: fat er: bulk na | :_practical | it R.D0AD 00 8l-pound Idahoi fed Cali- | fat sheep top 11.50: throwouts dra bucks dicounted_1.00; 11.00 straight. with fornias 1030 lightly mms strong: bulk ewes. 3.00a4 TIN EXPORTS LARGER. NEW YORK, June 26 (#).—The In- ternational Tin Committee, meeting in Paris, released figures showing total tin exports from the leading produc- ing countries in May amounted to 11,657 tons, compared with 11,444 in| April. _April consumption of tin the | SIVE FOII THE FUTURE First Mortgages on Homes in, the District _ of ~ Columbia. Maryfand and Virginia offer the safest and soundest investment you can make for the future. which offers i This Assoctation ‘under the supervision TCuie Tnitea Blates Treasary, 5% We will gladly send you a copy of our latest financial statement. lu&u&ti!u”iu&vtuu;i_vij RE-FINANCING EXPIRING TRUSTS NO COMMISSION CHARGE NO RENEWALS REQUIRED irranged on nthly Payments CITIES SERVICE OFFERSE - WARNER QUINLAN PLAN By the Associated Press. NEW YORK, June 26.—Cities Serv- ice Co. has filed in Federal District Court here a plan for acquisition of assets of Warner Quinlan Co. pro- viding for issuince of $1,000 of Cities Service 5 per cent debentures of 1950 and 40 shares of common for each $3,000 of claim against Warner Quin- lan. At current market prices the exchange would yield about $34 per $100 of Warner Quinlan bonds. Noths, ing was provided for the Warner Quin- lan common. | SHORTEST AMLL ON RECORD EXPECTED BY the Asscciated Press. NEW YORK, June 26.—J. O. Eaton, chairman of Eaton Manufacturing | Co., said this Summer's interruption- | of automobile production due to model changes would be shorter than at any time in the industry’s history. FEDERAL LAND BANKS W YORK. June 26 (#).— 2 NEW YO u Pederal Land (Quotations as of 2 o'clock.) Ask d- st o7 4Ys 10074 100 Money for Construction Loans and Loans on Improved Properties 5Y2% FIRST DEED OF TRUST ONLY GEORGE 1. BORGER Suecessor to the Busin JAMES F SHEA 643 Indiana Ave. N.W. FOR INVESTMENT e Real well se- finely 1/2% First Mor ructed "and plan: Estate wum. ure ned Washington dwellings and small business proverties, We have Was muu Shaicatie Sostications. nl‘Anin' bers e for leans om -nd Maryiand properties ¢% Fromot atientien to Re: " AT & HOWARD. I Mortgase Bankers Associatios Establisncd neasy cv e NA. 0271 801 ‘l'l‘ S0ILD Mem| Automotive Devices Corporation A Washington Enterprise prior sale. 100 shai sso.oo Per Share Further speculative possibilities. Full information on ' request. Telephone or write HERTZ & CO., Inc. 735 Southern Bldg. Telephone MEtro. 1225-6-7 CONSTRUCTION LOANS and LOANS ON IMPROVED PROPERTY in the District of Columbia, Nearby Maryland and Virginia 5%2% Promp: Action B. F. SAUL CO. 925 15th Street Natl. 2100 SAFETY FOR YOUR SAVINGS, PLUS INCOME ... non-speculative, dividend producing, and INSURED Ask us for fres booklets and details of different saving plans_offered! p 0% An insured Institution John L. Weaver, President Edword K. Jones, Secretary Washington Bldg. Phone DI. 9486, ON IMPROVED D. C. PROPERTY Immediate attention on your appli- cation for buying, rebuilding or wefinancing. Loans repayable morithly. No charge for appraisal if loan is not made. Interest charged only on unpaid balance of principal. E ourrasLe Co-0PERATIVE B uwpine ASSOCIATION 915 F STREET N.W. " Missouri-Kansas-Texas _ Railroad— Deficit, five months ended May 31, was $1,274,721, lgliny deficit of $2,282,278. Organized 1879