Evening Star Newspaper, June 26, 1936, Page 20

‘FINANCIAL. . MAY REPORT FILED THE EVENING STAR, WASHINGTON, D. C, FRIDAY, JUNE 26, 1936. TRANSACTIONS ON THE NEW YORK STOCK EXCHANG ESTOCKS ARE QUIET Prev. 1936 Prev. 1936 Stock ana Net Prev. 1030 High. Low. High. Lov. Dividend Rate. Aaano m Low. Close.Chge. | High. 1% 8% 2 Loftinc . S 2 2 ;g% ll FINANCIAL, D . Divident Hate. Savage Arms 38% Schenley Dist a75c.. rnnumnnmhfhlln =3 Salte— MW Illll.lfi' Mchl'l. ommdl-u. Add 00. High. Low. Close.Chse. Net Foov s mnlflv Close.Chge. 1 12% 12% — % Prev. e 76 - % D\i 5% 5% + % BY RAPID TRANSIT % Net Still Improving as Capi- tal Transit Takes Qver Bus Line. BY EDWARD C. STONE. Tn the last full month before the Washington Rapid Transit Co. was taken over by the Capital Transit Co., net income continued to improve. The May report filed with the Public Utilities Commission states that net revenues totaled $5,915.82 against $5,572.40, a mod- est gain of $343.42 over May, 1935. Operating reve- nues amounted to $46,204.56, up $5908.09, while operating ex- penses totaled $38,634.64, an in- crease of $5.- $83.82, but not enough to offset the gain in revenues. The net income of $7,669.92 from operations was $324.27 higher than in May, 1935. ° Non-operating income was practi- cally the same as a year ago. De- ductions from gross called for $1,825.77 which was also practically the same as last year, leaving the above stated gain in net income. Net income for the first five months of 1936 was also reported to the com- mission, this figure standing at $27,- 269.31 against $19,745.67 in the like period in 1935, an increase this year of $7,523.64. The financial statement filed with the commission also included a copy of the balance sheet as of May 1, assets and liabilities totalling $1,038,- 318.80 as compared with the lower figure of '$968,292.77 on the same date a year ago. From now on these figures covering the operations of the Six- teenth street busses will be incorpo- rated in the regular Capital Transit Co. reports. Thom on Steamboat Board. Corcoran Thom, president of the American Security & Trust Co., was elected a member of the directorate of the Norfolk & Washington Steam- boat Co., at the board meeting yester- day afternoon. He was named to fill out the unexpired term of the late George L. Starkey, president of the National Bank of Washington, who rendered the steamboat company most valuable service over a period of many years. Mr. Thom is a director in several other important Washington corpo- rations and is one of the best known bankers in the city. The Norfolk & Washington direc- tors also declared the regular semi- annual dividend of 3 per cent, pay- able July 15 to stock of record July 5, President Clarence F. Norment, jr., announced. Pennsy’s Net Income Gains. Details from the May report of the Pennsylvania Railroad show that net railway operating income reached a total of $6,895,912, an increase of $1,526,008 over May 1935. There was a gain of almost $5,000,- 000 in freight revenues and $498,058 in passenger revenues. Operating ex- penses required $24,479,118, an ad- vance of $2,848,230. In the first five months of this year operating revenues amounted to $126,122,457, an increase of $18,- 244,809. Passenger revenues totaled $27,380,846, a gain over last year of $2,472816. At the same time ex- penses increased by over $16,000,000, leaving a net railway operatiing in- come of $28,473,063, an increase of $1,318,106. Five months net in 1935 stood at $27,154,957 and in 1934 at $26,308,469, the trend being steadily upward. Attend Bankers’ Convention. I I. Chorpening, chief national bank examiner, fifth Federal Reserve district, and W. T. Vandoren, vice president and cashier of the Liberty National Bank, left Washington last night for Hot Springs, Va., where they will attend the forty-third an- nual convention of the West Virginia Bankers' Association. Mr. Vandoren will address the convention on the subject of trust departments. Robert V. Fleming, president of the Riggs National Bank and head of the A. B. A, will make the leading ad- dress at the same convention tomor- Tow forenoon. Heavy Motor Travel Seen. George E. Keneipp, manager of the Keystone Automobile Club, reported today that membership gains have been striking during June. In one day recently 104 membership applications were received, he said, the best single day's record since the club was founded here. “These membership gains reveal the steadiness of the local economic situa- tion and also indicate the increasingly heavy volume of travel planned and undertaken by Washington residents,” Mr. Keneipp says. “They provide an accurate and an important index of improving business conditions gen- erally.” Bank Declares Dividend. The Board of Directors of the Na- tional Capital Bank yesterday declared & dividend of $2 per share on the out- standing stock, payable to shareholders on June 30. Definite indication that the New York Stock Exchange will give close study and discussion to the ideas of the Securities and Exchange Commission on broker-dealer segregation, as con- tained in last week’s report to Con- gress, with members being given op- portunity to express their views on the subject, is contained in a letter sent to members by Charles R. Gay, exchange president. Membership on the reorganized Fed- eral Reserve Board was brought to its full strength of seven for the first time yesterday when Chester C. Davis, for- mer agriculture adjustment adminis- trator, was sworn into office for an eight-year term. Capital Transit Stock Rises. Capital Transit stock advanced to 15% on the Washington Stock Ex- change today after closing yesterday at 14%, reaching & new high mark for many months. Potomac Electric Power 5% per cent preferred was in active demand around recent levels. Washington Railway & Electric preferred was also in lively demand, eight consecutive 10-share sales and other taking place at 110%. Mergenthaler Linotype was one of the features of the session, 85 and 50 share blocks selling at 47, up a point from yesterday and a new high for a long time. National Bank of Wash- ington stock registered 125. Capital Traction 5s moved at 9115 and Washington Gas 6s, series B, changed hands at recent levels. - Corcoran Thom. 22% Address'graph 60c.. 1% Advance Rumley .. 58 Air Reduction (t1). 2 Afr-Way Blec Appl. 13% Alaska Jun (t60¢c).. 26 Alleg Corp (@) ... 12% Alleg pf w§30w(d)_ 12% Alleg pf wS40w(d)_ 27 Alleg prpf (4) ceeee 29% Alleg Steel (1) aaue MS 157 Allled Chem (6) __. 28% 23% Allied Mills (b25¢). 6% Allled Stores 69 Allled Stores pf(5). 35% Allis-Chalmers (1). 19% Alpha Port Cmt(1). 75 Amerada Corp (2)._. 50 Am Ag Chm Del(3)." 42% Am Bank Note (1) 65 Am Bnk Note pf(3) 40 Am Brake Sh(1.60) 131% 124 Am Brake Shpf 6% 135% 115% Am Car. (14) 16615 162% Am Can pf (7). 41 30 Am Car & Foundry. 3% b57% Am Car & Fdry of_. 58% 31 Am Chain 130 114% Am Chain pf(38%). 95% 87% Ar) Chicle (4) . 13% 8 Am Colortype. 32% 21% Am Comel Alcohol 26% 16% Am Crystal Suga: 99% 89 AmCryssS 1st pf(6) 5 3% Am Encaus Tiling. 9% 6% Am & Foreign Pwr 37% 25 Am & For Pw $6 pf. 43 29% Am & For Pw $7 pf_ 18% 12 Am & For Pw 24 pf. 18% 13 Am Hawatian (1) _ 8% 5% Am Hide & Leather. 41% 37 Am Home Pr (3.40). 4% 2% Amlce . _. ____. 24 17 AmIceof (3)______ 13% 9% Am International... 36% 23% Am Locomotive ___ 95% 66 Am Locomotive pf_. 29% 21 Am Mch & F (80c) 15 10 Am Mch & Met a25c. 35% 27 Am Metal 13% 715 Am Power & Light 58 36% Am P&Lt $5 pf(2%) 67% 43 Am P&Lt $6 pf (3)_ 27 18% Am Radlator 165 157 Am Radiator pf (7) 34 25% Am Rolling M(1.20) 116'; 89% Am Safety Ras (6)_ 27 18 Am Seating 91% 56% Am Smelt & Ref(2). 108'3 104 Am Sm&Ref pf (6). 152% 136% Am Sm&Ref pt (7). 73% 57% Am Snuff (13) ____. 33% 2015 Am Steel Foundry . 125 107% Am Steel Fy pf (2). 61'% 48% Am Sugar (2) 141% 129 Am Sugar of (7) 178 1491 Am Tel & Teleg (9). 102% 87 Am Tobacco (5)._-. 104 88% Am Tobacco B (5) . 1% 9% 25% 107% 111 0% 39% 46 26% 92% Am Wat W 1st (6)_. 7% Am Woolen - 54% Am Woolen pf (32). 28 Anaconda Cop(a50c 35 Anaconda W (a50c) 15% Anchor Cap (60¢) .. 37 Archer-Dan-Mid t1. uox, 105% Armour Del of (7)_. 4% Armour (Illinois)_ . 66% Arm'r(I11)pr pf(6)._ 47% Armstrong C (1%). 74 Arnold Constab 50c. 8% Artloom Corp . ... 12% Asso Dry Goods ___ 59 Atch To&S Fe(b2). 90% Atch To&S Fe pf(5) 21% Atlantic Coast Line 11 At1Gulf& W Ind.. 26% Atlantic Ref (1) 111% Atlantic Ref pf (4). 16 Atlas Tack (a50c) .. 26% Auburn Auto . 31 AustinNichpfA___ 4% Aviation Corp(Del) 3 Baldwin Loco (a)._. 291; Baldwin Loco pt(d) 15% Baltimore & Ohio._.. 21 Baltimore & Oh pf.. 417% Bang & Aroos(2%). 112% Bang & Aroos pf(7) 14% Barnsdall Oil (80e)_ 18% 17 Bayuk Cigar (75¢). 114% 110 Bayuk 1stpf (7) _ 18 Beatrice Cream (1). 107 Beatrice Cr pf (7). 85 Beech-Nut P (13)__ 13% Belding-Hem (1)__. 83 Belg NRptpf4l._. 21% Bendix Aviation(1). 20 Beneficial Lo(113) 48 Best&Co (12)- ... 45% Bethlehem Steel 16% Beth Steel 5% (1) 120% 110 Beth Steel 7% pf(7) 48 23 Bigelow-San (ab0c) 113 109% Bloomingdale pf(7) 16% Boeing Airplane.__. 58% 46% Bohn Alum & Br(3) 45 39% Bon Ami (B) (2%) 25% Borden Co (1.60) . 115 3014 54% 46 % 6% 5413 24% 34% 491 117% 20 13% Bridgep't Bras: “0o 43% Briggs Mfg (12)___ 41 Bristol-Myers (12). 40% Bklyn-Man Tr (3).. 44; Bklyn Up Gas (3)__ 50 Brown Shoe (3)___. 8% Brunswick-Balk 8% Bucyrus-Erie . 13% Bucyrus-Erle ¢v of. 121 100 Bucyrus-Epf$3%._. 16% 9% Budd (BG) Mtg 3% 2% Budd Mf 1pd.Julyl6 114 85 Budd (EG) Mfgptf. 14 8% Budd Wheel __ 28% 11% Bulova Watch._. 33% 25 Burr Ad Mch(t 9 2% Bush Terminal (d). 24% 14% Bush Term B pf cod 6% 2% Butte Copper&Zine. 37% 30% California Pkg(1%) 1% 14 6 Calumet&Hec a250. 40% 30 Campbell Wy (t1).. 16 45% Cap Adm pf A (3)__ 91 Car-Clin&O sta (5). 6% Carriers & Gen 20c.. 924 Case (J 1) Co 54% Caterpillar Trac(2). 21% Celanese Corp ab0c. 19 Celotex Corp - 54 Celotex Corp pf 26% Cent Aguire (t1% ). 35 Central RROfNJ. 61 Century Rib Mills__ 4% Cerro de Pasco (4). 8Y% Certain-teed Prod.. 804 Certain-teed Pr pf 19% Champ Pap & F (1). 59 Chesapeake Corpt3) 51 Ches & Ohio (2.50) 2% Chi & East [11 pf(d) 4 ChiGrt Wopf (d)... 1% Chi M) StP&P (d). 2% Chi M StP&P pf (d) 2% Chi& N W (a4 12% Chi Pneumati 40% Chi Pneu Tool pf. 1% Chi R 1 & Pac (d)._. 3% Chi R I&P 6% pf(d) 3% Chi R 1&P 1% pf(d) 20 Chickasha CO (2) 7 Childs Co 85% Chrysler Corp 16% City ice & Fuel (2). 86% 172% City lce&F of (6%) % 4% City Stores E l;o% 107% Clev EI [1lu pf(43%) 30% 118 110% 19% 84 2 13% Colgate-P-P (5 393 Collins & Atk (2). 8% Colontal Beacon ... 3% Colo Fuel & Ir (d) _. 24 ColoF &1 pf (d) 21% Colo & South 14 Columb G&I(IIOG) 90% Col G & E pt A (8). 42 Abr & Straus (1.30) 12 2 52 12% + 20 + 9% 20% — ENK 201% 201% + 24 24 10% 10% 79 /8% 48% 4T% 28 23 FEL #t‘ FE EFRFEERES » - anannuzv—um—na:;a 8 s OB RORE DS sE o [ PR e R o PITT 43 51k + % D = 12% + % 18% + % 121 +1% 12% — % 2% — % 109% +2% 9% — % 24% - % 26% — % 5 16 4% - 30% — s 9% — 34% + 13% + 12% + 13% — 50% 100% — T% 4 178% — % % — % 28 -% 23% — % 65 -1 29% + % 3% + % % — % 52 =1 9% 88 20 - % 70 -1 59% + % 3% — % Th+ % 1% 3% + % 3 ! & FE EFERFEFEF ?.u-mo -1 P T BaRnBa o s 8 SRS ESO RO 80% Col G & E pf (5).__ 100 31 Colum Pict vte(t1). 94 , Colum Carb vtc(t4) 64% 44 Comcl Credit (3)__. 116% 110 Comcl Cred pf (53 ) 82% 55 Comcl Inv Tr 13.60. 115% 110% Comel 1 T cv pt (6) 113 97 Comel In T pf(4%) 14% Comel Solv (80c) 2 Cons Coal (Del) vte 20‘/: 12% Con C’1 (Del) vtc pf 27% Consol Edis N Y (1) mw 102 Consol Ed NY of(5) 20% 15% Consol Film pf (31 6% 3% Consol Laundries. . 15% 11% Consol Ofl (6! 1% % Consol Textile 26% 15% Container Corp (l)_ 19% 10% Cont! Baking (A).- 6 34% 34% 34% — l l22% 122% 122% — % 64% 63 63% +1% 8 116 114% 115% +2% 30 W% T4% 6% +1% 10 116% 116% 116 +1 T114% 118 114 + % 83 14% 144 14% + ¥ 3% 3% - % ;0 +1 4 12% = % 21% -8% 81 24 — W 4% + % 35% — % nmmmm+u 17% 17% - % 5% 5% — W 13% 13% — % % % 19% + % 15 34 12% 67% Contl Can (3) 4% 2). 46 35% Contl Lnsur (11.30). 2% Contl Motors__.__. 28% Cont) Ot of Del(1). 29 Contl Steel Corp(2) SIK Corn Ex Bk&Tr (3) % % Corn Prod Ret (3).. lSBh 162 Corn Prod R ot (7). 4% Coty Inc 85 Cream of Wh (2 15% Crosley Rad(a50c). 43% CrownC& 8 (1) . 45% Crown C&S pf(2.70) 7% Crown Zelleb’k vto.. 28 Crucible Steel 10% Cuba R R pt.. 6% Cuban-Am Su, 35% Cudahy Pkg (3% ). 16% Curtis Publishing.. 99% Curtis Pub pf (7). 4 Curtiss Wright_.__ 10% Curtiss Wright A_. % Curts-W rts._July 8 60 Cushmans pf (3%). 43% Cutler-Ham (t1).. 52 Deers&Co... 27 Deere & Co of $1.40._ 19% Detsel-Wem-G 160c 36% Delaware & Hudson 14% Del Lack & West . 42 Devoe&Rey(A) (2). 33% Dilamond Mteh 113 18% Dist Corp Seag Litd. 41% Dome Mines (2)__. 7% Dominien Store 50% Douglass Air 153 133 Dupont de N 13.60_. 133% 129 Du Pont deb (6) ... 9% 6 Bastern Roll Mills... 112 156 Eastman Kod (15).. 28% Eaton Mfg (2)..... 9% 5% Eitington-Schid_._. 44% 30% Hlec Auto L (1.20).. 17% 10 Electric Boat. . ___ % 5% Elec&Mus In(b24e). 16% 6% ElecPw& Lt ____ 29%; Elec Pw & Lt 36 p! 32% Elec Pw & Lt $7 p: 43'3 Elec Stor Bat (12 % Elk Horn Coal (d 62 Endicott-John (3)_. 45Y% Eng Pub Svc $6 pf 48 Eng P S $5.50 ot ww 55 Eng Pub Sve$6 of . 5% Equit Office Ballc.. 1 Er R 12234 Fairbks M 6%pf n 6 41% 315 Fajardo Sugar (2).. 18% Federal Lt & Trac.. 40 Fed Min & Smelter_.. 697 Fed Min & Smelt pf. T% Federal Mot T 40c__. 3 Fed Screw Works__ 2% Fed Water Sve (A). 30% 20 Fed’d Dept Stra(1). 49% 38 14 Phoe F 1(11.20). 113% 110 Fileme's Spf (6%)_. 331 247 Firestone T&R 1.20 48% 40 First Nat Strs(23). 47% 33 Food Machine (1).. 38% 241 Foster-Wheeler.. 35% 271 Freeport-Texas (1) 135 118% Freeport-Tex pf(6) 47% Fuller Co pr pf..... 3% Gabriel Co (A) 11% Gamewall Co. 815 Gen Am Investors. . 424% Gen Am Trans(1%) 34% 22 Gen Asphalt(b25c). 14% 10% Gen Baking (60c) . 150 141 Gen Baking pf (8).. 15% 5% Gen Cable 95 70% Gen Cable pf 4% 18‘« 124 63 14 Gen G&E 6%cv bfA 537% Gen Motors (12) 122 118 Gen Motors pf (5 5% Gen Qutdoor Adv .. 18% Gen Outdoor Adv A. 314 Gen Public Service. 321 Gen Ry Signal (1).. 2 Gen Realty & Otll__ 26% Gen Real&U pf ww_ 33% Gen Refrac (1).. 321 Gen Stl Casting pf._. 13% Gillette Saf Raz(1). 78 Glllette S R pf (5)-. 6% Gimbel Bros .. 69 Gimbel Bros pf(a2). 39% Glidden Co (2)..__. 37 Gobel (Adolf) .. 7 Goebel Brw C('!fie) 13% Gold Dust vte (60c), 13% Goodrich (B F) = 78 Goodrich (B F) pf.. 21% Goodyear T&R____. 87 Goodyear $7 pf (4)_ 8% Gotham Silk Hose. . 2% Graham-Paize 1% Granby C (24 stpd) 3% Grand Union ctfs 16 Grand Un pf $62%c. 25 Granite City Stl (1) 28% Grant (W T) (1.40). 324 Grt Northern pf.. 16 Grt North'n Ore(1). 31 Grt West Sug (2.40) 22 Green(HL)Co (#1). 50% Green Bay & W (5) 48% Greyhound C'p 3.20 1% Guantanamo Sugar. 9% Gulf Mobile& N.._. 30% Gulf Mobile & N of_. 28% Gulf States Steel ___ 6 Hall W F Printing 119 109 Hamilton W pf ($5) 105% 100 Hanna (M A)pf(5)_ 16% 12 Hat Corpof Am(A). 9 4% Hayes Body ... 141 117 Helme (G H) (5) 105% 84 Hercules Powd (5). 135 128 Hercules Pdr pf(7). 44% 30% Holland Furnace 111% 108 Holland Furn pf (5) 14% 9 Holland & Son (50¢c) 37 19% Holly Sugar (1) 22% Houd-Hers (B)1 3% Hudson & Manhat._ 13% Hudson Motor Car... 1 Hupp Motors 18% Illinois Central 30 Illinols Cent p: 58 I11Cent lse lines(4). 4% Indian Refining____ 25% Indus Rayon (1.68). 90 Inland Steel (3)._.. 6% Inspiration Copper.. 11% Interboro R T (d).. 15% 9% Interlake lron _.... 185% 160 Int Bus Mach (16).. 49% 35% Int Cement (13)_.. 90% 56% Int Harvester 1.20_. 160 148% Int Harvester pf(7) 5% 8 b54% % 4 3% 36% 44 2% Int Hydro Elec (A). 4% Int Merch Marine 43% Int Nickel(Can)1.20 3% Int Paper & Pw(A). 2% Int Paper & Pw(B). 1% Int Paper & Pw(C). 20% Int Paper & Pw pf_. 37 Int Print Ink (1.80) 111 107 Int Print ink pf(8). 123 113 8% 129 3% Int Ry Cent Amer 3 Int Ry Cent Am vtc. 19% Int RyCA DL e 47% Int 8hoe (12) cacaee 15 Int Silver. . ceeeee. 50 Int Silver pf. 10% Interstate Dept Str. 82 Int Dept Strs pf(7). Island Creek pf (6)- 58% Jewel Tea (14) ____. 88 Johns-Manville(2). 1263 121% Johns-Manv pf (7). 90% 26 39% 22% 334 28% 24% 25% 41% 22% 29% “ 75% Jones&Laugh7%pf_ 13 Kans City Southerr. 19% Kans City South ptf. 17 Kaufman Dep 8 (1) 27 Kayser(J)& Coal5o 20 Kelsey-Hayes (A).. 18 Kelsey-Hayes (B).. 14% Kelvinator (150¢) . 28% Kennecott C (1.20).. 17% Keystone St1& W.. 18% Kimb-Clark (50¢).. 30 Kinney (G R) pf... (88) (1)_.. (S H) (1) % 20% Kreage ll% 108 Krutt (8 8) pf(7).. A% 22!‘ Kro"t G&B (1.60). 32 Laclede GasStLpt 19% LampertCo (3) .. 124 Lee Rub&Tire (50c) 943% Lehigh Por C n!“)~ 7 Libby McNelll & L. 97 Ligg & Myers (14).. fi‘lll Ligg&Myers B(14).. Locomotive... % Lima m Link Belt fl.’l).... lfli muu Carb (1.60] 's Ino (0!)-.—. ;m 104 Loews ine pe(b)- - 674% Contl Baking of (§) l: o0 S SRS O a2 - - PYNS PP B&an = 11981 ~JOTOves 6 10% 172 8% 8% 3 102% 102% 102% + 1% 'Mu 18% 40% 2% 30% 30% 59% 8 1% 18% — % 41 +1 2% 30% - % 30% — % 59% - % 81 164% — % % 4% 10% 172 l'lK 4T% 88% lflt lfil 49% 4% 2% 2% 30% 38% 38% — 110 % 96% 119 36% 26% 60 + % 1014401400 401 (2R 5 ) EFFEE PEE FEE FELS FEF 1 172 AT% + 88% + 154 4 2% — 5% — 49% — 4% 2% - 2% 81 + 110 + 8% + 6% — 40% + 481 — 16% 57% = 14% — 16% + 8% + FTEE FEFRF FRREFEE ¥ *#‘**Si## FEy ;gl 122% 122% 122% -1% $ .az_«..,q. _§..,... 22“ lflm mm 9 -% 21 + % 37% +1% 22 -4% 28% 2% - % 19% 20% 39 20% — % 25% - % 34% 23% — % 102% — % 70 +1 2% - % 8% 1 107% 107% 107% — % 5 108% 107 107 3 30 30 30 3 37T%H 3T% 3TH + % 3% 36 l 36 49% 48% l 106% 106% 106% — - 48% — FEEEELF FF ;P;é‘}‘l:i‘rf‘ l 4 22% 308 145% ’16 23% 36% 13% 11 43% 8% Long Bell Lum (A) 26% 21% Lorillard (P)(1.20) lBl 142 Lorilard P pt (1)... 13 La Oil Ret pf (4). 57% Louis & Nash (a 22% Ludlum Steel (1)_.. 36 MacAnd & For (2).. 12% McCrory Stores. ... 16 McGraw Hill Pub. 39% Mcintyre Porcu(2). llBVq 103 McKeesp't T P (14) 1 8% McKesson & Rob_ .. 37% McKesson&R pf(3). 11% McLellan Stores..... 27% Mack Truck (1).__. 40% Macy (R H) Co (3). 341 Magma Copper (2). x 7% Manati Sug pf (d)_. 14% Man El md gtd (d). 2% Maracaibo O} Exp_ 1134 Marshall Field & Co 27% Mathieson Alk 13 . 43% May Dept Strs (2).. 13% Maytag Co 55 49 Maytag pf ww (3)_. 110% 103 Maytag 1st pf (6) 12% Mead Corp - le Shoe (4)_ C NER~AND e - S & - 47% 21% Midl'd Stl Prod (1; 1311 110 M14 Sti 1st pf (8) 75 65 Minn-Honey R t1% 6% Minn Moline Pwr_ 57% Minn Moline Pwr ot 2% MStP&SSMisin. 16% Mission Corp - &« 2 2 ot PN N XA RETNONNRN DB~ B NNE ARED=RN 2% Missouri Pacific(d). 3% Mo Pacific pf(d). 79 Monsanto Chem(11) 35% Montg'y Ward(80c) % Mother Lode : 28% Motor Products (2). 15% Motor Wheel (1)__. 11% Mullins Mfg (B) _ 44 Murphy (G C) 1.20. 14 Murray Corp 16% Nash Motors (1) s Ch o e ® S Nat Cash Reg (50c) Nat Dairy 2(1.20) . t Dept Stores at Distillers (2) Nat Lead (50c) . Nat Lead pf (B)(6) Nat Pwré&Lt (60c) Nat Steel (1%3) —_——- \at Supply Lo Supplyupf.u - o e ma Nnomn (180¢) 9 Newport Industries 3214 N ¥ Alrbrake ___ 27% N YCentral RR___ 17% N Y Chicago & St L. 36% NYChi&StLpf £ b 135 119 N Y & Harlem (5).. 240 210 Norfolk & W (18)__ 10% 6% North Am Aviation. 32% 23% North Am Co (1) 24' Northern Pacific 51 Northwest Tel (3 1214 Ohio O1l (50e) - _. 24' Oliver Farm Equip_ 17% Omnibus Corp vte.. 8 Oppenheim Collins_ 24% Otis Elevator (60c) 13 Otis Steel 727% Otis Steel pr pf. 47 Outlet Co (12)_. 128 Owens- (1l Glasa(6) 24 Owenc I11 G.July 24 14 Pacific Am Fish (1) 30% PacificU& E (1%) 47% Pacifio Ltg (2.40) 14% Pacific Mills___ 67 Packard Mot (a25¢) 1% Panhandle Pro& R s 1813 Panhandle P&R pf. 67 Paraffine Co (2) 7% Paramount Pict: 8% Paramount 2d pf. 3 Park Utah 40% Parke Davis. 23 Parker Rust Plllfi) 4% Parmelee Transp't. 6% Pathe Film Corp._. 10 Patino Mines _ ... 641 Penick & Ford (3).. 69 Penney (J C) (13)-. 4% Penn Dixie Cement. 28% Penn Railroad (al). 38 Peoples Gas Chi 4 Peoria & Eastern. 25% Pere Marquet 56 Pere Marquette pf.. 641 Pere Marq pr pf 12% Pet C'p of Am a25c.. 14 Pfeiffer Brew(1.20) 25% Phelps Dodge as0e. 34 Phila Rap Tr (d) - 84 Phila Rap Tr pf(d). 1% Phila & Read C&1__ 66 Phillip Morris (1)_. 38% Phillips Petrol(t1). 8 PlerceOllpf ... 1'% Plerce Petroleum. .. 7% Pitts Screw & Bolt.. 49 Pitts Steel pt 3 Pitts United Corp. 11% Plymouth Ofl(a25¢c). 12 Poor & Co (B) 4% Porto R Am Tob(A) 1% Porto R Am Tob(B) 6% Postal Tel&C pf(d). 2% Pressed Stl Car (d). 18 Pressed St C pf(d). 40% Proctor&Gam(1%). 8% 39 PubSveNJ (3.40). 107% 1031% Pub Sve N J pf (6)- 48% 36% Pullman Inc (1%)-. 24% 16% Pure ON - 1339. 103 Pure Oil pf (E) 17% 9% Purity Bakeries 400 14% 9% Radio Corp - 79% 68% Radiocu 1stpf3d. 9% 5 Radio-Keith-Or(d). 35% Reading (2) 39 Reading 1st pf (2).. 37 Reading 2a pf (2).— 97 Real Silk Hostery.. 1% Rels (Robt) 18% Remington-R (60c). 22% Rem-Rnd 6% Df 1%. 4% Reo Motor Car.. 00 1 et D 83 41 22% 22% 145% 145% 5 23 36Y% 13% 17 43 AR AEIRE 3K - 1+ - TEPFEFFIEFE LFIT FF FE 1 - = 114141 ++ FEIFEEESL UL+ @ AN & FEE ARSI - FEFE & 8 F§ * FEFESE FF FEr - FEarEr % 2 18% — 4 22% + % 5% 19 1% Schulte Retall Strs. 63% Scott Paper (1.80)._. % Seaboard Air L (d). 2 Seaboard A L pt(d) 30% Seab’d O11(Del) (1). 59% Sears Roebuck (3).. 15% Servel Inc (60¢) .. ) 20% Sharoa Steel Hoop. 8% 4% Sharp & Dohme. 14% Shell Union O1) 120% 110% Shell Un O pf (5%)- 14% 9% Silver King (40¢).. 22% 19% Simmons Co...... gé% 19% Skelly Of} 657 Sloss-Shef St pf_.. 17 12% Socony-V O1l (40¢c). T% 4 SoAmG&Pa2lc._.. 34% 26 So Porto R Sug (2). 160 150 So Porto RS pf (8). 25 South Cal Ed (1%). 231% Southern Pacifio... 12% Soutl Raflway.. 19 Southern Ry pf.. 7% Spalding (A G 63% Spalding(AG)1st pt 5% Sparks-Withington 73% Spear & Copf 5%) 29% Spencer Kell (1.60). 15% Sperry C vte b2sc_.. 13% Splcer Mg ... 44 Spicer Mfg pf (3) .. 21% Square D (B) (50c) 14% Stand Brands(80c). 5' Stand Gas & EI (). 9'4 Stand G&R $4 of (d) 26% Stand G&E $7 pf(d) 35% Stand O of Cal (11). 32% Stand Ofl of Ind(t1) 51% Stand Oilof N.J t1. 24% Starrett (L S) 1.40 65 Sterling Prod (3.80) 81 Sterling Secur pf__ 161 Stewart Warn(50¢) 14% Stone & Webster___ 0% Studebaker Corp... 72 SunOfl (11)____ IZI 118 Sun Ofl pf (6) 40% 27 Superheater (50c)-. 3 Superior Of) 9% Superior Steel 23 Sutherl’d Paper u.. 20% Swift&Co (1) ... 5% Symington A (d)... 5% Tennessee Corp..... 287% Texas Corp (1) ... 33 Texas Gulf Sui (2). 28 Texas&PacRR . _ 6% - 14% 29% 28 11% 10% 391 38% 44 15% 14% 4% 12% 91y 323 24% Thompson P 81, 47 Thomyson Starrett. 19% 14% Tide Wat Asso 60c._. 106'5 100% Tide Wat A O pf(6). 17% 12% Timken-Detroit 72% 56 TimkenR B (12 14% 11 Transamerica allec. 27% 147% Trans & Westn Alr_ 12 7% Tri-Contl Corp - 7 4% Truaxz-Tra Coal 2215 20th Cent Fox Film. 31% 20th Cen Fox pf 1%. 8% TwinCity RT. 3% Ulen &Co . 78 Und-Ell-Fish (3)__ # & Und-Ell-F___July 6 133 125's Und-Ell-Fish pt (7) 52% 385 Union Bag&Pap (2) 92% 71% Un Carb&Carb 2.40 28'; 20% Union Ofl of Cal (1) 138% 108'; Union Pacific (6). 100 90% Unfon Pacific pf (4 318, 22% Un Tank Car (1.20) 32% 20% United Afrcraft ___ 21 13 United Alr Lines vt 2815 24% United Bisc (1.60) . 8214 68 United Carbon 2.40. 29% 22\ Unit-Carr F(11.20). 9 + United Corp.... AT% 40‘/‘ United Corp pf(8)_- 16'z 10% United Drug i 26% 15 United Dywood (al) 3513 32% UnitEng & F t1%_ 80% 66'; United Fruit (3).__ 19's 14% United Gas Imp (1) 39% 244 U S Freight (1) 110'; 80% U S Gypsum (2) % 160 U S Gypsum pf (7) 874 U 8 Hoffman 33%2 U S Ind Alcohol (1) 11% U S Leather(A)vte. 7 32% 41 12% 8%, 99 191 10 82 84% U S Sm & Ref (a8) 681; USSm&R pf (3% 46% U S Steel 132% 115% U S Steel p! 160 153 Univ Leaf T ot ( 8% 1% Univ Pipe&Rad 3% Utll Pwr & Lt (A).. 3213 Vadsco Salespf ... 16% Vanadium Corp_... 28% Van Raalte (1) ... 40 Vick Chem (12).... 126 114% Vlrzlnh Ry pf (6)-. 10% 65 Wabash pf A (d) 15% 9% Waldorf Syst (80¢). 34'x 30 Walgreen Co ((2) 26% Walker (H) (2) 5% Walworth Co 107 Ward Baking (A).. 2'x Ward Baking (B) _ 47% Ward Baking pf(3). 9% Warner Bros Plo._. 13 Warner-Quin (d).. 4% Warren Bros __ 21 Warren Fdry&P(1). 19% Waukesha M(160¢c). 3412 Wesson O&S(150c). 78 Wesson O&S pf (4) 91% West Pa Elec (7)A. 981y 87 West Pa Elec pf(6) 110 96 West Pa Elec pf(7) 116 111% West Pa Pwr pf(6). 121 116%: West Pa Pwr pf(7). 12% 8% Western Maryland. 9% 5% Western Pacific pf. 95 721 West Union (a2)__. 484 34% West'gh'se A B (1) 122% 94'; Westingh'se El (4) - 33% 22% Weston Ei | (a25c) 28% 20% Westvaco Chlo t40c 85'% Wheeling Stl pf $2. 18% White Motor .. E 14% White Rk M S(1.40) 3% White Sewing Mch._ 2% Wilcox Ofl & Gas__. 6% Wilson & Co (50¢) .. 70 Wilson & Co pt (6). 44% Woolworth (3.40)._ 23% Worthington Pump 56 Worth Pump pf(A) 62% Wright Aero._. 8% Yellow Truck 41% Youngstn Sh 11% Zenith Radlo P T T e e mroawaSEes 105% o s33 SEw 1508 125% 431 9% 21% 6% THL L+ 1+ L 4++ 1+ it FEFELE F FEFFELE + & - % FEF FELEF FF FE FFEFESL 632 632 -332 125% 1257 + 42% 43% + 91 22% + W - L) b 128% -1% 97 24% - 11141 [ » | closed steady. I - & F [T L 0, S T 1O ST o} ++ 10 & 3 PEL FEELF FrEE &8 seee 16% Republic Steel .. 77 Republic Stee! pf. 90 ere C & B pf. Reynolds Tob B (3) Safeway Stores (2). Safeway Strs pf(6). Safeway Strs pf(7) 29% 22% St Joseph Led(80c). 6% 2% St L-San Frpf (d). 12% 7% St L Southw'n (d).. GOLD CURRENCIES UP IN LONDON DEALINGS By tne Associated Press. LONDON, June 26.—Gold curren- cies, the United States dollar and the French franc staged a recovery in the foreign exchange market today owing to covering by continental bears. The dollar advanced % and finshed 5.01% to the pound against the over- night New York rate of 5.02%. The French franc closed at 75.90 francs to the pound, as compared with 76.17 PARIS, June 26 (#).—Three per cent rentes, 69 francs, 10 centimes; 412 per cent rentes, 73.15. Exchange on London, 75.91. The dollar was quoted at 15.12%%. FIFTY TONS OF LEAD SOLD. NEW YORK, June 26 (#).—The St. Joseph Lead Co. reports that 50 tons of pig lead from Southeast Missouri mines were sold yesterday at $4.45 per 100 pounds, St. Louis. RECEIVES PIPE ORDER. 3% 31% 81% ~ % 1104 110% 110% -1% 112 23% 10 -% 85% — % 106 112 +6 24% 24y - % 54 + 1 54% + W 11 111 -1 |ratd 23 231 4% 4 A+ % 10 +1 including extras. b Paid last vear. reorganized an $Accumulated dividends. d Companies reported in receivership or x Ex-dividend 5% Zonite Products. Dividend rates as given in the above table are the annual cash payment based on the Ihtest quarterly or half-yearly decla- jons s Unit of trading less th: 100 shares. tAnnual rate—not aPald this year. being Cram’s Estimates Auto Production At 99,695 Units By the Associated Press. DETROIT, June 26.—Cram's Re- ports, Inc., estimated today that out- put of the automobile plants for the current week totaled 99,695 units, compared with 100,733 last week and 73,037 in the corresponding week of 1935. Ward’s automotive reports: placed this week's output at 104,473 cars and trucks, compared with 100,161 in the Ward's estimated Ford assemblies group at 23,075, compared with 23,275. HOLDERS ACCEPT OFFER. NEW YORK, June 26 (#).—Abeut 66 per cent of the holders of $5.50 preferred stock of Commercial Credit TRUSTEE IS APPOINTED FOR FOOTERS’ DYE CO. Ay the Associated Press. BALTIMORE, June 26.—Judge Wil- liam C. Coleman yesterday appointed Beverly Ober as trustee of Fotters’ Dye Works of Cumberland under a reorganization plan. He stipulated that Ober’s salary should be not more then $400 per month. Judge Coleman decided that a trustee should be appointed after a hearing on’ the reorganization plan recently. OIL MERGER PLANNED. NEW YORK, June 26 (#).—Karl F. Hasselmann, president of Salt Dome Oil Corp., Houston, Texas, announced that directors of his company and of Texla Oil Corp., San Antonio, and Coastland Oil Corp. have agreed on a merger of the three companies, subject to approval of stockholders at meetings to be held later. -— METAL MARKET. NEW YORK. June 26 (#.—Co} quiet; elec&rollutv spot ‘"‘u’"'flf Fn‘; -nm. 2. : isun.ww-zo“li?i wL AT STEADY LEVELS % 24 _1+|Selling Pressure Decreases. 24 21% -1% 6% — % 16% 16% 119% 119% 9% General Motors Active With Chrysler. Stock Averages 18 80 d Net chlnnh 3 m\':‘ .‘—'..z Today, close 861 Prev. day... 863 Month ago. 82.7 Year ago... 60.2 1936 high... 874 734 763 495 516 953 618 6138 (Comptled by the Associated Press.) BY VICTOR EUBANK, Associated Press Pinancial Writer. NEW YORK, June 26.—The goinz was a bit smoother for the stock mar- ket today, but rallying speed was lack- ing in most departments. The fact that selling dried up from the opening on tended to promote a little more cheer in the commission houses. The late tone was steady. Transfers were around 800,000 shares. Near the final hour General Motors was the most active of the list at 2 small advance. Chrysler was in de- mand for a point gain. Others up slightly to 1 or more in- cluded Packard, Texas Corp., Standard Oils of New Jersey and California, Gulf States Steel, Bethlehem, Fajardo Sugar, American Crystal Sugar, West- ern Union, Commonwealth & South- ern, Greyhound Corp., Spicer Manu- facturing, Commer: Investment Trust, Montgomery Ward, Sears Roe- buck, Commercial Credit, Schenley. Santa Fe, Southern Pacific, Northern Pacific and Kennecott. U. S. Steel was still a drag on recov- ery, losing about a point. Among others in arrears were American Tele- phone, Consolidated Edison, Douglas Aircraft, U. 8. Smelting, International Nickel and American Tobacco “B.” Official freight loadings for last week, disclosing slightly more than a seasonal gain, failed to stir the rail stocks unduly. Politics evoked heated discussions in the boardrooms, although apparently proving a minor market influence. e NEW YORK COTTON By the Associated Press. NEW YORK, June 26.—Cotton ad- vanced sharply today on renewed trade and commission house buying. July advanced to 12.50 and October to 11.79, with the general list showing net gains of about 14 to 29 points in midafternoon. Cottonseed Oil. Bleachable cottonseed oil futures July, 9.23b; September, 9.20: October, 9.07b; December, 8.96. Sales, 57 contracts, including 38 switches. b—Bid New Orleans Prices. ORLEANS. June 26 (#.—Cotton brisk advance at the opening NEW staged 2 from 5 more active demand on the part of the trade and speculative interests aided the ined 25 cents s bal 1183 e sonuary 3t 11 moderate advances. Cottonseed ofl _fu- lures opened steady. July. §.8Sb: Sep- tember, 8.85b: October, 8.67b; December. 8.81b: nnuny, 8.52b. Liverpool Quotations. LIVERPOOL. June 26_ (#).—Cotton 2.000 bales. including 4.500 American Spot. good business done: prices 11 point higher. Quotations in_pence—American !trlcl good middling. 7.88; good middling 58: strict middling .flh middling. strict low middling. 6.88: BE! striet wood ordinary. ¢ L nary, 6.08. Futures close July. 6.68; October. 6.30: December. .+ January, 6.20: an - 6:10: May. 6.18 CHIGACO GRAIN By the Associated Press. CHICAGO, June 26.—Despite as- sertions that no amount of rain would revive wheat in many sections of the Dakotas, wheat values plunged 2'j cents lower here late today. Minneapolis wheat quotations gave way 3% cents in some cases. The all-important factor was apparent likelihood of a definite break-up of drought Northwest. Wheat closed shaky, 1%-2% cents under yesterday's finish; July, 931,- 5%; September, 94% corn un- changed to 1 cent lower; September, 6415-5%; oats, %-!; down, and pro- visions unchanged to a rise of 5 cents. High. el YO Cash Market. Cash wheat, No. 1, red, new and old crop, 1.01; No. 2, red, 1.00%; corn, No. 1. yellow, 68%; No. 2, yel- Jow, 68a68'; No. 3, yellow, 67a 671 No. 4, yellow, 6414a66; No. 5, yellow, 63%a64!2; No. 2, white, 76%a 77; No. 4, white, 74%2; sample grade, 6112a62%; oats, No. 2, white, 34%; No. 3, white, 30%a32%; No. 4, white, 29%a31; sample grade, 28’¢a31; mno rye; soy beans, No. 2, yellow, 95; No. 3, yellow, 941; barley feed quoted 35a42; malting, 52a92; timothy seed, 3.90a4.20 hundredweight; clover seed, 11.00a18.00 h\mduaweilht. Liverpool Wheat tures closed olil-{'"m B ey '-': igh. Low, 5, :Z: ‘89 Jul D% ACCEPTANCES DECLINE DURING MAY By the Associated Press. NEW YORK, June 26.—In its final report prior to liquidation, the Ameri- can Acceptance Council states that bankers' dollar acceptances outstand- ing on May 30 totaled $330,351,460, against $343,694,299 on April 30 and “16.75!.“1 on May 31, 1936 A