Evening Star Newspaper, June 30, 1936, Page 18

FINANCIAL. STOGKS IRREGULAR ATEND OF SESSION FINANCIAL. Prev. 1030 Btock and High. Low Dividend Rate. 5414 43% Sharp & Dot (3%)_ 16% 11% Shattuck ¥ G (50c). 19% 14% Shell Union Of) 120% 110% Shell Un O pf (5%). Prev. 1930 Stock and High. Low. Dividend Rate. 28% 15% Crosley Rad(a0c) 43% Crown C& 8 (1) 45% Crown C&S Df(l.‘lO) 7% Crown Zelleb’k vto.. Net | Prev. 1036 Stock ana Net ey Hish.Low. ClosChee. Bigh lov. DivdendRate. - Add w.nmnm Close.Chge. 1 27 8% McKesson & Rob.... Bow 60 4% 11% McLellan Stores.. H 6% + W 27% Mack Truck (1)... 1 3 8% 40% Macy (R H) Co (3). 8y Private Wire muot u The Star. Prev. 1936 Stock ana Bigh. Low Bividend Rate. 118 111% Abr & Straus pf(7)- Auoo High. Low. Close. cnu 2 87 57 57 +24 13% 13% — % 17, 1% +1 119% 120 + % Close.Chge 12 + % 63 11% Add 00. High. Low. 3us 112 112 1 63 63 11% 1!% FAR ABOVE 1335 9% Adams Exp $104,841,034 June Total Represents Increase of $18,945,875. Reaching the highest point this year, bank clearings in the Capital in June mounted to $104,841,034.72, as compared with $85,895,159.24 in June, 1935, an increase of $18,945,875.47, according to the monthly report of the Washington clearing house, made this noon This substantial gain shows how much business has stepped up over the like 1935 period. Far more impressive, however, are the figures on clearings in Washing- ton for the first half of the present year in comparison with the first six months of 1935—a total in 1936 of $550,896,111.60, against $445,936,939.42 up to this time in 1935. This is an increase over last year of $104,959,- 17218. . In only one other month this year— April—have clearings passed the $100,~ 000,000 mark. Today's figures of nearly $105,000,000 show surprising business activity as judged by the number of canceled checks. Clearings in January of the present year were about $87,000,000 and in May $94,- 295,112.31. The first half year's record is the best since 1931. Six months’ clearings in 1934 totaled $356,668,500.98; in 1933 they amounted to $302,125,862.63, and in 1932 figured up to $518,877,- 12.398. The steady rise in clearings over such a long period reveals a most encouraging as well as steady comeback in the business situation | here. Clearings for June and the first six | months of 1936 compare as follows with the similar months in 1935: 60,956,281.30 74,112,669.72 77.447.954.34 | 94,295,112.00 77,957,951.00 | 104,841,034.00 85,895.159.00 Chorpening Lauds Convention. 1. I Chorpening, chief national bank | examiner in the fifth Federal Reserve district, has returned to Washington after attending the annual convention | of the West Virginia Bankers' Asso- ciation at Hot Springs, Va. He is| most enthusiastic over the entire con- vention program. Herman G. Kump, Governor of West Virginia, made one of the most inter- esting addresses on the program. The address of W. T. Vandoren, vice presi- dent and cashier of the Liberty Na- | tional Bank, Washington, aroused | much interest. He spoke on trust departments. The West Virginia bankers paid the usual tribute to the president of the American Bapkers' Association, Rob- ert V. Fleming, and manifested great enthusiasm over his address. The convention was held in Virginia be- cause the West Virginia bankers gen- erously gave up their reservations at White Sulphur when General Motors | wanted to hold & conclave there large | enough to fill the entire Greenbrier | Hotel. Financia District Gossip. The Washington office of Fenner & Beane is distributing among clients a summary of the taxation situation written by Charles E. Fenner, presi- | dent of the New Orleans Cotton Ex- | change. He goes into what he calls‘ beneficial and onerous taxation very thoroughly. | Slauson, White & Rowe, sponsors | here of Independence Fund of "ll)!'lhw America, report that Dr. M. Winkler, | consulting economist, sails for Europe | tomorrow for a tour of several for-| eign cuntries. He plans to do con- | siderable writing on conditions abroad as he finds them. Value of building permits issued m; 1,522 of the largest communities in | the country as reported to the Bu- | reau of Labor Statistics during -the first five months of the year was| %1 per cent higher than in the same' period of 1935. Permits were crunbed Zor construction worth $466,441,000. In heavy trading on the Washington Stock Exchange today, Capital Tran- sit stock reached 16 for the first time this year, where it closed. Trading was also heavy in many other issues, both stocks and bonds, prices remain- ing at recent levels. Rain Saves District Crops. Latest reports from the Federal Re- serve Bank of Richmond state that rains have fallen throughcut most of the fifth reserve district during the past 10 days and ended, temporarily at least, a 10-week drought. Farmers in this area have been greatly cheered because crops have already shown improvement which had threatened to become dead lcsses because of lack of water. Much more moisture is needed but the situation has been considerably relieved. Unestimated millions will be saved to the farmers through the timely ar- rival of rain in the district. The to- bacco crop rallied well, as did a good deal of the late corn. Eariy garden and truck crops were heavily damaged, but farmers hope to regain their losses on these crops by better prices for later crops. The sit- uation is said to be better in the whole district, which comprises Maryland, Virginia, West Virginia and the Caro- linas. Many localities report stimulated | trade due to payment of the soldiers’ bonus. Extensive automobile buying s brisk, building continues to boom in the fifth district and credit men are now predicting that June will set *D a collection record on bills of long tanding. — NEARLY $550,000,000 PAID IN BONUS BONDS Ey the Associated Press. Cash payment of nearly $550,000,000 in bonus bonds, as shown in the Treas- ury's statement for last Friday, has dropped the national lebt below $34,- 000,000,000. As the bonds are turnea in they are | written off as debt obligations. The operations are expected to re- sult in a further sharp rise in surplus reserves of member banks of the Re- serve system. Treasury figures reveal the bulk of the cash for payment of the bonds has been withdrawn from the Govern- ment’s accounts at the Reserve banks. RTES SUSERE 100 3394014 14 FAILURES AT NEW LOW. NEW YORK, June 30 (#).—Business failures in the United States for the week ended June 25 were 165, the low- est level since the Fall of 1920, Dun & Bradstreet reported today. These totals compared with 192 in the pre- ceding week and 230 in the corre- sponding 1935 week. 17% Adams Millls: 22'% Addr 1% Advance Rumley . 58 Air Reduction (t1). 2 Alr-Way Kiec Appl. 13% Alaska Jun (t60¢).. 213 Alleg Corp (d 27 Allex prof (4 29% Alleg Steel (1 208 157 Allled Chem ¢ 2315 Allied Mills (b25¢). 6% Alllea Store 69 Allled Stores pf(5)_ 35% Allis-Chalmers (1). 75 Amerada Corp (2) . 50 Am Ag hm Dei(3). 42'% Am Bank Note (1) 10 40 Am Brake Sh(1.60) 3 Am Brake Sh pf 5% 1558 135% 115% Am Car. (t4) - 166!z 162% Am Can pt (7) 41 30 AmCar & Foundry. 73% 57% Am Car & Fdry of.. 58% 31 Am Chain 955 87% Am Chicle (4)---—. 21 Am Come) Alcohol.. 16% Am Crystal Sugar . 89 Am CrysS 1st pf(6) 140s 8% Am Encaus Tiling.. 6 Am & Foreign Pwr_ 25 Am & For Pw $6 pf_ 29% Am & For Pw §7 pf_ 12 Am & For Pw 2d pf. 13 Am Hawallan (1) . 5% Am Hide & Leather. 36% Am Hide & L pt (3). 37 Am Home Pr (2.40). 9% Am International._. 2314 Am’ Locomotive ... 66 Am Locomotive pf.. 21 Am Mch & F (80¢) . 10 Am Mch & Met a25c. 27 Am Meia) 35's Am News(NY) 1.80 713 Am Power & Lt 363 Am P&Lt §5 pf(23%) 43 Am P&Lt $6 pf (3) - 15% Am Radiator 25% Am Rolling M(1.20) 1 Am Seating 56% Am 1t & Ref(2). 104 Am Sm&Ref pt (6)- 75 Am Snuft (13) _ 2 133% Am Snuff pf (6) 20's Am Steel Foundry .. 107% Am Steel Fy pf (2). 6 26 Am Stores (2) 614 481 Am Sugar (2) _ 178 149'; Am Tel & Teleg (9). 10213 87 Am Tobacco (5). . 104 Am Tobacco B (5).. 9% Am Type Foundry_. 19ix Am Water Works 92% Am Wat W 1st (6) _ 54% Am Woolen pf (32). % Am Writ Paper (d). 3% Am Zinc & Lead 44 Am Zinc & Lead pf_. 24 Am Zinc & Ld pr pf. 28 Anaconda Cop(as0e 15'; Anchor Cap (60¢) 118 Arch-Dan-M pf (7). 4% Armour (lllinots) 66'« Arm'rcill)pr pt 47% Armstrong C (1’6). 815 Artloom Corp - 12% Asso Dry Goods .. 59 Atch To&S Fetb2). 903 Atch To&S Fe pf(5) 21% Atlantic Coast Line AtlGuif & W Ind 265 Atlantic Ref (1) 111% Atlantic Ref pf (4). 4112 Atlas Powder of (6) 14 Atlas Tack (al0c) 26% Auburn Auto -~ 5% Austin Nichols 31 AustinNichpf A 4% Aviation Corpt Del 3 Baldwin Loco (g* 7 Baldwin Lo asd (d) Baldwin Loco ptid) Baltimore & Ohio _. 21 Baltimore & Oh of . 491 417 Bang & Aroos(2%). 20 14'. Barnsdall Oil (80¢) 183 16% Bayuk Cigar (75¢)- 114% 110 Bayuk 1st pf (1) 1115, 107 Beatrice Cr pt (7) 313 21% Bendix Aviation(1). 24°. 20 Beneficial LoiT1%) 45 Best & Co (12). 453 Bethlehem Steel 165 Beth Steel 5% (1) ... 120% 110 Beth Steel 7% pf(7) 23 Bigelow-San (ab0c) 14% Blaw-Knox (40c) __. 167 Boeing Airplane ... 44 Bohn Alum & Br(3) 801 Bon Ami A (4) Bon Ami (B) (2%) ~ Borden Co 11 60) Borg- Warner (3) 121; Bridgep t Brass 40¢c 43'% Briggs Mfg (12) __ 48 Briggs & Strat (3)_ 41 Bristol Myers (12) 40% Bklyn-Man Ir (3) x 97% Bklyn-Man T pf(6) x 4'2 Bklyn & Queens_ 50 Brown Shoe (3) - 811 Brunswick-Balki 87 Bucyrus-Erie 13'3 Bucyrus-Erte cv of. 100 Bucyrus-Epf313%.. 9% Budd (B G) Mtg 214 Budd Mf 1pd.Julyls 8% Budd Wh 11'; Bulova Watch 25 Burr Ad Mch(160c) 141 Bush Term B of cod 2% Butte Copper&Zine 22 Byron Jackson (1). 7% *30% California Pke(1%) % Callahan Zine . 6 Calumet&Hec a250. 30 Campbell Wy (11) 10’5 Canada Dry G A . 10% Canadian Pacific . 6% Cal 's & Gen 200 9214 Case (J 1) Co 54% Caterpillar Trac(2) 21% Celanese Corp a50c. 19 Celotex Corp 54 Celotex Corp pt 25% Cent Aguire (t133;. 35 Central RRoOfNJ._ 47% Cerro de Pasco (4).. 8i4 Certal! a Prod._. 8015 Certain-teed Pr pf 21 19% Champ Pap & F (1). 104% 101 Champion Pa pf (6) 74's 59 Chesapeake Corp(3) 61 51 Ches & Ohio 12.80),.. 2% 1% Ch' Grt West (d) ... 8% 4 Ch1Grt Wot(d). .. 2% Chi M StP&P of (d) 213 Ch1 & N W () 6% Chi1 & N W pf (d) 1215 Ch1 Pneumatic Tt 40% Chi Pneu Tool pt 1'2Chi R | & Pac (d) .. 3% Chi R 1&P 6% pf(d) 19% Chi Yellow Cab (2). 20 Chickasha CO (2)_. 85'5 Chrysler Corp (6).. 15% City lce & Fuel (2)_ 72% City lce&F of (8%) 23% Clark Equip (80¢).. 34% Clev Graph Br (11). 84 Coca-Cola (2) . 13% Colgate-P-P (60¢c).. 39% Collins & Alk (2)__. 112 107% Collins & Atk pf (T 24% 8Y% Colonial Beacon _. 9% 3% Colo Fuel & Ir (d) 49 . 24. ColoF & 1pf(d)... 21% Colo & South 19% Colo & South 1st pf 16 Colo & South 2d pf. 14 Columb G&E(az0c) 90% Coi G & E pf A (6) . 80% Col G & E pf (5) _ 44 1 25 130s 5 34% - 9 NV E LRNDK TN TS e o 208 20| 110 2208 3 130s 1708 110 2Z‘n 19% - P L4 +1 2] + % +1 i— % 7 EEF FEPF L1+ +4+++ © ¥ +_I.I (N RETEFT re Fe 31 Colum Plet vtett1). 42% Columb Pic pf(2%). 64% 44 Comcl Credit (3) _. 116% 110 Comc) Cred pt (5% ) 82% 556 Comel Inv Tr 13.60. 1141 97 Comel In T pf(4%) 24% 14% Comel Solv (80¢) . 5% 2% Comw & Southern.. 82 59% Comw & Sou pf (3). 44% 32% Congoleum-N 1.60.. 20 10 ComnR&L 8 Consol Cigar 72% Con C pr pt ww 6%’ 2 Cons Coal (Del) vte 12% Con C’] (Del) vte pf 27% Consol Edis N ¥(1) 108% 102 Consol Ed NY pf(5) 7% 4% Consol Film " 15% Consol Film pf (31" 11% Consol Oil (60c) . 101 Consol Ofl pf (5) .- 67 Consol R R Cuba pf. % Conrol Textile 1d) 15% Container Corp (1) nu Baking «B) 674 Contl Baking pf (4) 67! Contl Can (3) - 18 Cont'l Diam Fib(2). 35'% Contl Insur (11.20). 24 Contl Motors .- 18 28% Contl O11 of Del(1) 13 55% Corn Ex BK&Tr (3) 210s 681 Corn Prod Ref (3).. 9 4% Coty IDG. ..oooceee 2 8 Creamof Wh(3)... 3 [ S 5% 107% 10;% + 1'1 17% + 13 18 106% 106% + TR T8 — %+ 18% 18% + 1% 1% T5% 6% 17% 40% 2% 30% 60 llk-b 28 Crucible Steel 104 Cuba RR L. e 6% Cuban-Am Sugar... 167 Curtis Publishing.. 99% Curtis Pub pt (7)., 4 Curtiss Wright .___. 10% Curtiss Wright A_. 43% Cutler-Ham (11)._. 52 Dee: Co . 27 Deere & Co Df $1.40. 19% Delsel-Wem-G t50c. 36% Delaware & Hudson 14% Del Lack & West.__ 4% Den&R1oG; W pt (d) 337 Dlamond Mteh t13% 18% Dist Corp Seag Ltd. 41'; Dome Mires (12) 7% Dominion Stores. 50% Douglass Afr. 5 Dunhill Interna 13% Duplan Stk (1) 133 Dupont de N 13.60 129 Du Pont deb (6) ._ 111% Duquesne Lt 1st(5). 6 Eastern Roll Milis.. 281 Eaton Mfg (2)___.. 30% Elec Auto L (1.20).. 10 Electric Boat.. .. 5% Elec&Mus In(b24e). 6% Elec Pw & Lt___ 29Y% Elec Pw & Lt §6 nt 32% Elec Pw & Lt $7 pf.. 43'2 Elec Stor Bat (12).. 2 Elk Horn Coal (d).. T5% Bl 18% 153 133% 115% Y% 37 445 * 1% % 16% 6874 8% B5% 1% : Pub Sve $5 pt Eng P S $5 50 pf ww Eng Pub Sve $6 pf _ 5% Equit Office Ballc.. Erie K K Erie R K Istpf rbanks Co pt 34% Fairbanks Morse 122'; Fairbks M 6%pfn 6 31% Fajardo Sugar (2).. 18% Federal Lt & Trac. 73 Federal Mot T 40c__ 213 Fed Water Sve (A) 20% Fed'd Dept Stra(1)_ s 38 Fid Phoe F 1(11.20). 20% Filens 24'x Firesto 100'; Firestor 40 First Nat Strs(2%). 4 Follans os (d) Foster- Wheeler « Fourth N1 ww a76c. 27'4 Freeport-Texas (1) 47% Fuller Co pr pt 11% Gamewell Co 81y Gen Am In 424 Gen Am Trans(1%) 22 Gen Asphalt(b25c). 10% Gen Baking (60c).. 7% Gen Bronze 5% Gen Cabl S 17 Gen Cable (A)omeee 70'; Gen Cable pt 537 Gen Cigar nu.._.. 34’y Gen Blectrie (1)... 33% Gen Foods (180)__. 4 GenGas & E1 (A) _ 14 Gen G&E 6%cv pfA 59% Gen Mills (3) n‘\ llh Gen Motors pf (5 5% Gen Outdoor Adv .. 18% Gen Outdoor Adv A. 32!; Gen Ry Signal (1).. 26'; Gen Real&U pf ww. 3% Gen Refrac (1) Gen Theatre Equip 13% Glllette Sat Laz: 1) 69 Gimbel Bros pf(a2 39% Glidden Co «2) 37 fiobel rAdolf) . 7 (oehe! Brw Ci20c) 13% Gold Dust vte (60c) 18% jo0drich (B K) 78 Goodrich (B F) pf_. 21% Goodyear T&R 8'3 Gotham Silk Hose_. 244 Graham-Paise 1% Granby C (2d stpd) 3ia Grand Union ctfs 16 Grand Un pf 36: 281 Grant (W T) « 32 Grt Northern pi 16 Grt North'n Ore(1) 31 Grt West Sug (2.40) 22 Green(HL)Co (11) 48% Greyhound C'p 3.20 28%, Gulf States Steel 105 Gulf StS1st $10%. 14 Hamilton Watch 51:100 Hanna (M A)pf(b). 41% 0% Harbison Waiket1) 126 120 Harbison W pf (6) 16% 12 HatCorpof Am(A) 9 4% Haves Body | 133 111'% Hazel Atlas Gl (t5) 108 84 Hercules Pow (5) _ 135 128 Hercules Pdr pf(7) 80 71% Hershey Choc (3)_. 447 30'% Holland Furnace 12 103 Holland Furn pf (5) Holland & Son (50c) Holly Sugar (1) __. Houd-Hers (B)1% House Fin (4) (13) Houston UM vic 48% Howe Sound (13) 8!; Hudson & Man pf. 13 Hudson Motor Ca: 1 Hupp Motors 18% Illinots Central 30 [Illinois Cent pf (A). 58 1l Cent Ise lines4) 25% Indus Rayon 11.68) 106 Ingersoll-Rand(12) 0 Iniana Steel «3) 6'x Inspiration Copper.. 11'3 Interboro R T «d) .. 21 Intercontl Rubber.. 97.Interlake lron 3 Int Agricultural 25 Int Agricul pr pf .. 185% 160 Int Bus Mach (16).. 495 35% Int Cement (1%) - 90% 56% Int Harvester 1.20_. 160 148': Int Harvester pf(7) 5% 2% Int Hydro Elec (A) 54% 43% Int Nickel(Can)1.20 7% 3% Int Paper & PW(A). 4 2% Int Paper & Pw(B). 1% Int Paper & Pw(C). 20% Int Paper & Pw pf 107 Int Print Ink pf(§ 3% Int Ry Cent Amer 3 19% Int Ry C A pf 23 IntSait (1%) 474% Int Shoe (12) 12'4 Int Tei & Tel 10% Interstate Dept str. 82 Int Dept Strspf(7). 15 Intertype Corp (1). 113 Island Creek pf (6)- 79 58% Jewel Tea (14) .___x 129 88 Johns-Manvilie(2). 126\( 121% Johns-Manv pf (7). 75% Jones&Laugh7%pf. 13 Kans City Southerr. 17 Kaufman Dep 8 (1) 27 Kayser(J)& Coa75e 20 Kelsey-Hayes (A).. 18 Kelsey-Hayes (B).. 14% Kelvinator (150c¢) __ 28% Kennecott C (1.20) .. 17% Keystone Stl & W. 30 Kinney (G R) ptf. 19!1 22% 548 6% 34 36% 11 815 “ 123 26 66 Kress (S H) (11)__. 19% Kroger G&B (1.60) 32 Laclede GasSt L pf 19% 1.amoert Co (2) 124 Lee Rub&Tire (50c) 94% Lehigh Por Cpf(4). 2% Lehigh Valley Coal. 9% Lehigh Vai Coal pf. 815 Lenizh Valley R 89 Lehman Corp (13).. 12 I-ebn & Fink (1%).. 371 Lerner Stores (2).. 47% Libbey-Owens G(2) 7 Libby McNeill & L. 25 Life Saver (1.60)._. 97 Ligg & Myers (14)_. 97% Ligg&Myers B(14)_ 105 160% Ligg&Myers pf (T). % 25% Lima Locomotive.. 36% Link Belt (11.20)_.. % 112% 107 Loose-Wiles pf (5)- 26% 21% Loriliard (P)(1.20) 151 142 Lorilard Ppf (7). 51% 13 La Ol Ret pf (d) 24% 20 Louisv GEEpfA 1% 77% 57% Louls & Nash (a2)_ 35 22% Ludlum Steel (1)_—. 32% 29 McCall Corp (2).... 154 124 McCrory Stores.... 24 16 McGraw Hill Pul 49% 39% Mcintyre Porcu(3). 118% 101 _ McKeosp't T P (16). . N 70s 115 4 Int Ry Cent Am vte 1500l 10s 6 32% 36 13% 6 15% 684 4t 444 1 208 l20 2 9 4 104 10s 122% 30s 3 8% 20 22 27% 22% 18% 20% 39.\ 49, 1493 40 20'3 9 3% + % 1% — % 10% — % 1% — % ! 250 | 10712 103% | 18 34% Magma Copper (2). 1% Manati Sugar (d)-—. 8 Mandel Bros _ _.— 14% Man El md g 2% Maracaido O1) lxp 8% Marine Midld (40¢ 11% Marshall Field & Co 6l5 Martin Parry. ... 27 Mathieson Alk 1% .. 43% May Dept Strs (2).. 131 Maytag Co . _ 110‘5 103 Maytag 1st pt (I)-_ 12% Mead Corp 9715 Mead Corp pf (23) 55'% Melville Shoe (4) ___ 40% Mesta Machine (3). 5% Miami Copper 17% Mid Cont Pete ad0c 21% Midl'd Stl Prod (1 3110 Mid St) st pf ($)__ 65 Minn Moline Pwr__. 2% MStP&SSMopf 16% Mission Corp 55 Mo Kans & Texas... 14% Mo Kans & Tex pf. 2% Missouri Pacific(d. 3% Mo Pacific pf(d).__ 79 Monsanto Chem(t1) 35% Montg'y Ward(80¢) 60% Morris&Essex(3%). 3 Mother Lode ____. 28% Motor Products 15% Motor Wheel (1)... 70 Mullins Mfg pf a3% 10s Munsingwearalls. . Murphy (G C) 1.20_ Murray Corp._ 16% Nash Motors (1) 20'; Nashv Chat&St L. 12'3 Nat Acme Co 915 Nat Aviation 31 Nat Bisculr (1 21!y Nat Cash Reg (50c) 21 Nat Dairy : 108 Nat Dair 10s 3 308 1 70 66 10s 13 15 ZUn "'! 21 10s 12 at Lead pf (B)(6) at Pwr&Lt (60c) 57% Nat Steel (1%) 197 Nat Supply Co . ..o T4 Nat Supnl! CO of. 17‘. N Y Chicago & St L. 36 NYCh&StLopt. 343 N Y Dock 1 N Y Investors (d) 3 NYNH&H () 9's N Y Shipbutldin, 210 Norfolk & W (18) _ 105 Norfolk&Wn pt ll) 4 North Am Aviation. 23\: North Am Co (1) .. 98 North Am Ed pf(6). 108! 104, 321 1051, 50s Norwalk Tire&Rub. 12!3 Ohio O1l (50e) 24' Oliver Farm Equip. 17% Omnibus Corp vic. . 24% Otis Elevator (60c). 13 Otis Steel ! Owens-111 Glass(5). 24 Owenc I11 G.July 24. 30% PacificG & E (1%). 47% Pacific Lig (2.40) __ 140 Pacific T&T pf(6 Pac West O (b2 Packard Mot (a2ic) Panhandie Pro & R Panhandie P& 2 of Paramount Pictures Paramount Ist pf__ mount 2d pf Park Utan Parke Davis(al.35) Parmeise Transp't.. Pathe Film Corp.... Patino Mines _.___ Peerless Motor Penick & Ford 1!).. Penney (J C) (13)_. Penn Dixie Cement.. Penn Dixie C pf(A). Penna Glass ctfs __ Peun Ratiroad (al). Peoples Drulnl).- 60s 37 14 lE 1 n " M-rmutu Py Pere Marqpropf _. Pet C'p of Am a25c.. Pfeiffer Brew(1.20) Phelps Dodge a50c. Phila Rap Tr pf(d) Phila & Read C&1 . Phillip Morris (1) x Phillips Petrol(t1). 1 Pierce 1l pf 4 Plerce Petroleum... q Plisbury F) (1.60).. 3 Pitts Coal pt 1 Pitts FW&C pf (7). 20s Pitts Screw & Bolt. 3 40s 6 10s 9 S SES e B 1T 5910 88 1 09 30 O i i O O 1O O 1 80 B0 Pitts Steel pt Pitts United Corp... 4 Pitts United pf____ Pittston Co _ Plymouth Ofl (a25¢) Poor & Co (B) Pressed Stl Car (d). Pressed Sti C pf(d). 4 Proctor&Gam(1%) 7% Proc & Gam pf (5)- Pub Sve NJ (2.40). 5 Pub Sve NJof (b)) 2z PubSve NJ pf (8)_ 3 487% 367 Pullman Inc (1%).. 24% 16% Pure O1I <. 133% 103 Pure Ol pf (8) 91% Pure Oil pf (6) 1 9% Purity Bakeries 40¢ 10 9% Radlo Corp 6€8's Radiocu 1st pf I*. 5 Radlo-Keith-Ord). 287 Raybestos-M (13%) 18% Remington-R (60c). 22'% Rem-Knd 6% ot 1% 4% Reo Motor Car..._. 167 Republic Steel . 90 RevereC& B pt.. 221 Reynolds Met (1) 55% 27 Reynolds Spring (1.x 6 65% 60 Reynolds Tob (3)__ 120s 58% 50 Reynolds Tob B (3) 17 35! 3 5 11412 111 Safeway Strs pf(7) 20s 22% St Joseph Led(80c). 1 2% St L-San Fr pf (d) 2 11 Savage Arms - 1 38% Schenley Distaiic. 11 97!z Schenley D pt (b%) 2 1% Schulte Retail Strs_ 5 531 Scott Paper (1.80)_.. 30s “ Seaboard Alr L (d). 1 30% Seab’d Oil(Del) (1). 2 59% Sears Raebuck (3). 27 15% Servel Ine (60c)._.. 29 20% Sharon Steel Hoop.. 11 4% Sharp & Dohme. JAPANESE IMPORTS OF CLOTH DECLINE Cotton Textile Shipments Below April, but Far Above Year Ago. By tne Associated Press. - The Commerce Department reported imports of cotton cloth from Japan in May this year declined from the April total, but represented a sharp increase over imports in the same month a year ago. Tariff increases, amounting to an average of about 42 per cent, on several varieties of cloth from Japan went into effect June 20 and in un- official quarters the heavy May im- ports were attributed in part to buy- ing for stock prior to imporition of the tariff. The department listed May cotton textile imports from Japan at 5,510,- 000 square yards, of which 4,497,000 yards were bleached cotton and 1,- 013,000 yards were printed, dyed or colored cloth. In 1935 the imports for May from 19 108 157 146 23 25 40s 17% 14% 9% 9% 384% 23% 24% Bk 26% 120 34 i Japan amounted to 3,186,000 yards, of which 2,461,000 yards were bleached cotton and 725,000 yards were printed, dyed or colored. Imports the past April were 6,311, | 2 muumnrdl t statisticians estimated 14% 32% 160 150 So Porto R 8 pf (8). 29% 3874 20% 32% 8 9% 23% 24% 53% TT% 31% 18 13% 9% 1% 36% FOFEFEEFS lofi'n 17% T2% 143% 27% 1323, T | 160 3% 22% 7 116 122 4 95 481 122% 14512 281y 37w 109% 28% 46 107 965 124 11% T 54 31% 18% 22% 5 9% L+4+ +1004) year. % lor being 1 of the increased tariff duties would be available until late August. . 1JANTZEN PREFERRED SHARES ARE By the Associated Press. NEW YORK, Approximate Sales of Stocks on the N. Y. Stock 11:00 A.M. % 1:00P.M. _____ June 30.—Jantzen 9% 9% — !t 29% 29% — 4% 5 + \« 24% 24 + % 40% -4 22% 13% 91 Silver King (40¢)... 19% Simmons Co.cuueen 4% Simms Petroleaa... 12 Socony-V Ofl (40¢)-. 4 SoAm G &P allc .. 4 26 So Porto R Sug (2). 26% 25 South Cal Ed (1%). 2314 Southern Pacific_. 12% Southern Rallway_. 19 Southern Ry pf 63% Spalding(AG)1st pf 5% Sparks- Withington 15% Sperry C vte b2ic... 13% Spicer Mfg ___ 44 Spicer Mfg pf (3)__ 63 Splegel-May-8 (3) 21% Square D (B) (50¢) 14% Stand Brands(s0c) . 10 Stand Com Tobacco. 5% Stand Gas & EI (). 94 Stand G&E 34 of (d) 24% Stand G&E $6 pf(d) 26% Stand G&E $7 pf(d) 2 Stand Lnv Corp.__. 356% Stand O of Cal (11). 32% Stand Ofl of Ind(t1) E1% Stand Oil of N.J t1. 24% Starrett (L S) 1.40_ 65 Sterling Prod (3.80) 2% Sterling Secur (A)_ 16'% Stewart Warn(50¢). 14% Stone & Webster___ Studebaker Corp__—. Sun Of) (1) eceeee 3 Supertor Ol ._oeeem 9% Superior Steel . 23 Sutherl'd Paper 1-. 20% Swift & Co (1) 28Y% Swift ntl Ltd (2) Symington A (d) 33 Texas Gulf Sui T4 Tex Pac C& 0 als 9% Tex Pac Land 'll‘uil 813 Thermotd Co 24% Thompson P a30 Specialties Ho!d Attention. Leaders Neglected or Under Pressure. Stock Averages Indus mu Net change. —2 3 Today, close. 85.7 Prev. day... 859 Month ago.. 82.4 Year ago-.. 60.1 1936 high... 87.4 1936 low.... 73.4 1935 high... 763 1935 loW.... 49.5 185 216 348 1932 10W.... 175 8.7 239 169 1929 high...146.9 153.9 184.3 157.7 1927 low.... 51.6 95.3 61.8 613 (Compiled by the Associated Press.) 15 60 Util Stks +1 —1 35<2 35.5 349 234 39.7 30.2 312 481 48.0 472 32.7 508 434 4.7 636 63.7 61.7 41 648 557 56.1 BY VICTOR EUBANK, Associatea Press Financiar Writer, NEW YORK, June 30.—Stock mar= ket buyers aimed principally at sp cialties today while neglecting or sel H ing a number of the leaders Profit-taking in Chrysler was well absorbed throughout and in the final hour yesterday's star performer was pushed up more than 2 points to a neéw six-year peak. The closing tone was irregular. Transfers approximated 800.000 shares. Earnings, dividends and a generally better brand of business news kept se- lective issues on the upgrade. 47 Thomuson Starrett- 14% Tide Wat Aswo 60c_. 100% Tide Wat A O pf(6). 12% Tim -Detroft 56 Timken R B (12) _. 11 Transamerica a30e. 1 Trans & Westn Alr_ 10% Transue & W1ll 60c.. 7% Tri-Contl Corp _ 47 Truax-Tra Coal 2214 20th Cent Fox Film. 31 20th Cen Fox of 1%. 8% TwinCity RT . __ 65% Twin City R T of . Chryslet again came into the lime= | light on more rumors of a stock split- |up and generous disbursements to shareholders. There was a revival of demand for several preferred stocks on hopes of resumption of payments or adjuste ments of accumulations. The steels were fairly steady, not- withstanding fears of a major labor controversy still clouded the outlook for this group. 3 Ulen & Co 74% Und-Ell-Fish (3) . 3815 Union Bag&Pap (2) 71% Un Carb&Carb 2.40 s 20% Union O11 of Cal (1) 10813 Union Pacific (6) __. 90'% Unfon Pacific pf (4 20% United Atreraft .. 13 United Alr Lines vte 241 United Bisc (1.60) _ 22% Unit-Carr F(11.20)_ 68 United Carbon 2.40 5% United Corp 40% United Corp pf(3).. 10% United Drug 15 United Dywood (a1) 93 United Dyew pt (1) 4'3 United Elec Coal 66'2 United Fruit (3)___ 14% United Gas Imp (1) 6' United Paperb'd(d) 10 U S Distributing pf 17 2 | 13 U S & For'n Secur __ % 15 80!z U S Gypsum (2).- 8% U S Hoffman 33% U S Ind Alcohol (1) 11% U S Leather(Aivtc. 71 US Leath pr pf vic. S | 21% US Plpe & F (13). 19 4+ 1 7% U 8 Realty & lmp - 16% U S Rubber. 47 U S Rubber 1stpf . | 8413 US Sm & Ref (a8) . 4| 68'2 U S Sm&R pf (3%) 1 | | % 46% U S Steel ___ 115% U S Steel pf (2) . 5 United Stores (A) . 153 Univ Leat T pf (3)._ 1 Univ Pipe&Rad (d) 134 Univ PER pf (d) ... 315 Utll Pwr & Lt (A) .. 1% Vadsco Sales Corp.. 16% Vanadium Corp..... '8'. Van Raaite (1) .. Vick Chem (12) Va-Car Chemical Va EI & Pwr pt (6) 43 5l 113% 2 2% 613 l\i Walgreen Co ((2)_. Walker (H) (2).... 2 Walworth Co _ Ward Baking (A). Ward Baking (B) _ Ward Baking pf(3). Warner Bros Ple. .. Warner-Quin (d) Warren Bros Warren Fary&P(1). Waukesha M(160¢). w Eisenlohr. Wesson O&S(160c) . Wesson O&S pf (4) West Pa Elec pf(6) West Pa Elec pf(7) West Pa Pwr pf(6). West Pa Pwr pf(7). Western Pacific ... @ West Union a2)._.. 34% West'zh'se A4 B (1). 94'; Westingh’se El (4) . 123% West'g se Ist Dt 334 19% Westvaco Chlo t40c 231 Wheeling Steel 85's Wheeling Stl pf 32 White Motor White Sew Mch pf._. Wilcox Oll & Gas Wilson & Co (60¢) -~ Wilson & Co pf (6). Woolworth (2.40) . Worthington Pump. Worth Pump pf(A). Wrigley W ir (13)_ Yale & Towne (60¢c) Yellow Truck A Yellow Truck pf._. Young Sp & W (3) Youngstn Sheet & T 11's Zenith Radlo 57 Zonite Products -3 -1% + ¢‘= o - s 131% 43% 6213 25% 6 85 12 3 610 — 3 264 - % 6 Exchange. | 360,000 560.000 + 200,000 12:00 Noon.. 470,000 2:00 P.M. Total Sales for the day $20.000 Dividend rates as given in ihe above table are the annual cash payments based on the latest Quarterly or half-vearly | declarations. *Unit of tndln( not _including lesy than 100 shares. = fAnnual rllts——( ccumulated - dividends. a Paid r. _d Companies reported in receivership XEx dividend. GRAIN CORP. LOSS TO EXCEED MILLION b Faid last ¥ ranized. CALLED : : Imports Bring Large Operating Deficit in Years. | cluded American Telephone, | Xtb | b—Bid. | changed to 13 low | September, | 621%; Drought and Relatively Large & Knitting Mills, Portland, Oreg., has called for redemption $898,000 of its 7 per cent preferred stock at $100 and will issue $750,000 of new 5 per cent preferred stock which holders of the cld stock may receive in exchange, plus $5 cash and accrued dividends, it was announced. The plau will become ef- fective September 1. U. 5. TREASURY POSITION. ly m- Assoctatea Press. e pobition of the 'runury June 27: ccelotee $3.120 254 3 xpenditures, gunlu.anos Tei. balance. ‘3.816.084." 1342; " cusioms receipts for the month, $29.719.372.07. Receipts for fiscal year, (since July lzm $4.08¢ $8. 80; expend ¥ including .93 of emergency expenditures: e: of tlpendllllr 3 3.407.983.99 l'rnl! debt, 333,913.800.280.73. $52405 158 35 under " the Frevious day: Fod Ssets, $10:605 DL 0BT Meclptl for June "9 )9!5 4 omvlrlble date 40.00: .52; expendi- Ilm t $1,; ustoms receipts for the month > SR 176.7 106 ar. $3.800.467 - mh'-l for the fiscal 1.96 flnnunnm 7,375,825.165.57 il __of emer. a decrease of BY the Associated Press. CHICAGO, June 30.—Audit of the Farmers’ National Grain Corp. books for the year ended today was expected | by C. E. Huff, president of the Gov- ernment-sponsored co-operative, to show a loss of more than $1,000,000 for the period. Huff said yesterday that losses for the year ending June 30, 1936, are now’ indicated as being somewhat over the unimpaired capital and surplus of $1,098692 which the corporation reported on June 30, 1935. Drought and relatively large grain imports, resulting in erratic movement on grain to market, he said, occasioned operating losses during the last three | years. , He said that a refinancing plan through which the co-operative, by negotiation with the Farm Credit Ad- with at least $6,000,000 in working capital, “contemplates that regional stockholders in turn made up of local co-operative elevators owned by farm- ers will purchase a very substantial amount of new capital stock in Farm- ers’ Natlonal,” n 2 ministration, will begin the fiscal year | ; Gainers of fractions to 2 or so in- Grey- hound Corp., 8. H. Kress, Commercial Credit, Du Pont, Underwood-Elliott Fisher, Borg-Warner. International Harvester, Crown Cork, Santa Fe, Western Union and American Can. Advances of 2 to 3 were shown by | the preference shares of Standard Gas, American Power & Light, Electric Power & Light and Engineers’ Public Service. A. O. Smith was on the soft side with a drop of 4. Among others off | as much as 2 were J. I. Case, Allied | Chemical, Dome, Timken Roller Bear=~ ing. Johns-Manville, Owens-Illinois, Schenley, Boeing, Auburn and National | Steel. NEW YORK COTTON | By the Ascociated Press. NEW YORK, June 30.—Cotton was 1| less active today, with prices recover- ing the greater part of yesterday's losses on trade buying. October sold up to 11.73, er 12 points net higher and was ruling around 11.67 in midafternoon, but the general list showed net advances of about 6 to 9 points. Futures closed barels steads. 6-10 lower., Cottonseed Oil. Bleachable cottonseed oil futures closed steady. July. 9.25b: September, October, 9.07b: December, 8.93. , 74 contracts. b-—Bid. New Orleans Prices. ;New erop 1164 at the fi lX' December &nd January 2 ale higher at 11.61 Cohonsud oil futures opened s July September. &.87b: Octobe December ' abun: Janasry et . Liverpool Quotations tober * March 6.20 May CHICAGO GRAIN By the Associated Press. CHICAGO, June 30.—Increasing weakness of wheat prices dominated 610, Ix | the grain markets late today. Enlarged rural offerings of wheat to T ' arrive in Chicago acted as a weight on the market and so, too, did heavy re~ ceipts of Winter wheat Southwest, Primary receipts of wheat today to- 1,: | taled 1,206,000 bushels, against 459,000 at this time last year. Wheat closed unstable, 1 cent to 17, under yesterday’'s finish; July, 92!:- September, 93 41 corn U ; July, 66-66° 657 December, oats !,-1's off, and provisions ufichanged to 37 cents decline. Open. High, %: Close. September _ December__ September - December__ 62 Cash Market. Cash wheat, No. 1 red, 98'2; No. 1 red, new, garlicky, 97!2; No. 2 red, new, 98; No. 3 red, old, 98%; No. 1 mixed, new, light, garlicky, 97. Corn, No. 1 yellow, 68} : No. 2 yellow, 67)2868%; No. 3 yellow, 67a67%; No. 2 white, 77/,a78; No. 4 white, 75; sam« ple grade, 60},a62. Oats—No. 3 whitc, 30'2a3115; No. 4 white, 28'2a29': sample grade, 28'2a29. No rye. Soy beans, track Chicago, No. 2 yellow, 1.00; No. 3 yellow, 99';. Barley feed, 35250 nominal; maiting, 55294 nomi« nal. Timothy seed, 4.25a50 cwt. Clo= ver seed, 10.75a17.25 cwt. Liverpool Wheat Prices. ERPOOL. June 30 UP.—Wheat fus tures Sioeed Prev, High. Low. Cloe. closr Exchanes, 501 NEW YORK BAR SILVER. NEW YORK, June 30 UP).—Bar silver steady and unchanged at 44%.