Evening Star Newspaper, May 9, 1937, Page 64

FINANCIAL. G2 STOCK RECESSION HELD TEMPORARY Anomaly of Business Gains and Failing Market Cited by Estabrook & Co. Special Dispatch to The Sta: NEW YORK, May 8—Reactionary trends in the stock market are not destined to develop much energy, in the opinion of Estabrook & Co. in their “Review of the Quarter.” The balance of probabilities does not sup- port the views of those who believe and proclaim that the peak of the re- covery movement has been reached. “The anomaly of rising business eombined with falling stock prices ean hardly be long sustained,” states the firm. “It is safe to say that either busi- ness will presently turn down to con- form with the market trend or else THE SUNDAY STAR, WASHINGTON, D. C MAY 9, 1937—PART FIVE. FINANCIAL WEEKLY SUMMARY OF THE NEW YORK STOCK EXCHANGE WEEK ENDING SATURDAY, MAY § 1937. ad®l, Difiock and. ? : sh. Low. vidend Rate, !:9‘;_: Mm"":‘:::s:“ 3% 2 Chi Mil St P&P (). Hich 'Low Divigend hate PeChHaNw @y 55 48% Abbott Lab (11.60)_ 11% Chi & N W pt (d) 844 63% Acme Steel (4) . 21 Chi Pneumatic Tool 16 Adams Exp (abbe) 58% Chi Pn T pf b87 ¢ 30% Addressog'ph b80c . 214 Chi R | & Pac (d) _ 6814 Alr Reduction (11)_ 5 Chi RI&P 6% pf(d) 2% Air-Way Electric. 6% Chi RI&P 1% pf(4) 11% Alaska Jun (160c) .. 19'% Chi Yellow Cab (2) g". Alleghuny Corp..... 15% Chickasha Cott'n Ofl 434 Al 12Y% Childs Co - 135% 109% Chrysler Corp b3 % _ 21% 187 City Ice & Fuel (2)_ 92 B3% City Ice & F of 614 . 70 60 City Investing (b2). 10% 7 City Stores _ 39% 32% Clark Equip(t1.60). 113 105 Clev El Illu pf 4% .. 44% 35 Clev Graph Br (2).. 98% 178 Cluett Peabody (3). 13074 126 Cluett Peab pf (7). 1705 1224 Coca-Cola (12) ... 30 162 58% 57 Coca-Cola A (8). 1 68% 26% 19'% Colgate-P-P(150c). x 46 22% 104'3 102'% Colgate-P-P pf (6) 6 102% 62% 513 Collins & Alk (t2)_. 44 5% Baltimore Markets Sales— Add 00. High, 11 2% 42 5% 39 5 11 16 153 29 41 64% 2% Special Dispateh to The Star. BALTIMORE, Md.,, May 8—Under light to moderate receipts and fairly good demand for broilers, but a rather dull movement on fowl, the former recorded a general increase of about 1 cent a pound during the week, and the latter lost from 1 to 2 cents. The prices changed several times during the period. In broilers, Rocks are selling 24a26, and mixed colors, 23a24, each a cent higher than last week, while Leghorns are steady at 20a22. There was only a dull demand for fowl, and Rocks are about 1 cent lower, selling mostly 20, with a few bringing 21. Mixed colors, at 18a20, are 2 cents lower, and a similar decrease was re- corded by roosters, which are bringing 10a12. Leghorns are steady at 16a18. Young Pekin ducks, the only .kind on the market, are selling, 16a18, a decrease Net Low. Olose. chge. 2% 2%+ W 5% 5l 4 M M 5 +m 16% +1 27% +3% 63% 4% 2% + 7 8 19% — % 16% + % 18% + 1 115% +1% 19% + % 86 +2% 62 -2 % - % 39 +3 107 1% 2% 9 +6 129 160 1937 £tock and High. Low. Dividend Rate. 16 6% Granby Cons = 5% 3% Grand Union ctfs 27% 19% Grand Union pf bl%x 48% 83 Granite City Sti(1) 47% 40 Grant (WT) (11.40) 55% 40% Grt Northernpf . 28% 19 Grt Northn Ore (1) 42% 35 Grt West Sug t2.40_ 145'5 135 Grt Wat Sug pf(7).. 391 31% Green H L (11.60) . 16% 13% Greyhound (t80c)._. 114 10% Greyhound pf(55c) 4% 2% Guantanamo Sug.. 17'% 11% Gulf Mobile & N 59% 47! Gulf Mobile & N pf_ 36 26% Hack Wpf A (1%). 20% 13% Hall W P Print ___, 31 25% Hamilton W (b6sc). 2 108 104% Hamilton W ptf (). 200s 105 101 Hanna (MA) pf(5). 170s 684 43 Harb-Walker (12) x 8 17% 12% Hat Corp of Am 80¢ 8 106% 101% Hat pf ww (614) 8 4% Hayes Body __ 109% 101 Hazel Atlas Gl (16). 15% 12% Hecker Prod (60c) .. 126 108 Helme (GH) (5) _ Bales— Add 00, 24 4 4 Net Low. Close. chge 8% 9 35 3% 21% - % .'l'l +1% 1937 High. Low. 8tock and Dividend Rate. 33% 25% Natl Bond & In 1.44 387 29% Natl Cash Reg (1) 2614 22% Natl Dairy Prd 1.20 119 22% 11215108 Natl Dairy pf A (7). 30s 109 109% 107 Natl Dairy pf B (7). 480s 108 24% 17% Natl Dept Stores __ 18 10% 6% Natl Dept Strs pf__ 7 35 2T% Natl Distillers(t2)_ 3015 18% 15% Nat'l Gypsum Co___ 161 44 31% Natl Lead (150c) __ 23 347, 171 154% Natl Lead pt A (7)-. 1 154% 150 133 NatlLead pf B (6)_ 108 140 4 48 Natl Mall&SCbb0s 14 51% 9% Natl Pw & Lt (80c). 79 10 1% Natl Ry Mex 1stpt- 1 % % Natl Ry Mex2dpt_. 8 % % 70 Natl Steel (+23%) 58 84% 834 62 Natl SupplyCo - 98 1097 99 109% +11 121% Natl Supply pf b1% 7 129% 128 129% +4% 8% Natl Tea (60c) ____ : — 10% Natomas (180¢) _ 20 10% 10% + ™ 57% 47 Nelsner Bros (12).. 2 AT + % 64% 5415 Newberry JJ t2.40_. 2 +2 109 100 Newberry pf (5)___. 1208 o3 19 New Orl T&M (d)__ 1208 =1 28 Newport (nd(b50¢). 118 +4 Net chee, Bales— Add 00. High. Low. Close. 8 28% 27 13 32 High. 9 Bales— Add 00. High. Low. Olan 408 498 80w T !l‘< 1% a2 2% 2% 12 40 Alleg Corp pr pf... 43 Alleghany pf xw_... 354 Alleg Steel (b80c) 20 Allen Indus t1 268% 224 Allied Chem (6 244 Allied Mills (b2) 164 Allied Stores (b20c) 797 Allled Strs pt (5)__. 60 Allis-Chalm (bb0c)- 28% Alpha Port Cmt (1) 47 Amal Leather .__ 34% Amal Leath pf (3)-. 95 Amerada Corp (2).. 83 Am AgChm Del b1_ 1308 107% 13 41% 11 94 60s 129 +T% 14 10 68 u». 9814 stocks will stop declining. “Business has acquired such mo- mentum that any significant falling off in activity over the next two or three months is practically out of the question.” INSURANCE STOCKS NEW ay 8 (P —New York Becurity Dcams AiZcintion: Asked. 1130 Aetna Cas (20) = Aetna Ins (1.60) Aetna Life (.80a) Am Equit (1.60a) Am Reins Am Reserve Am Surety Automobile (1a) Balt Amer (20a) Carolina (1.30) City of N ¥ (1.20) - Conn Gen Life ( 80) Contin Oas (1.20) Fid & Dep (4) __ Frank Fire (1a) Gen Re jlobe & Rep (.K0) Globe & Rut Great Amer (1a)_ Hanover (1.60) Hartford Fire (2)° Home Fire Sec Home Tns Ja) Homestead (1 Knickernocker (80)727" Lincoln Fire Maryland Cas Mass_Bond_(312) Natl Fire (2) Natl Liberty (.2 3RS s mine, fe o) Westenester (1,208 a—Also extrs or extras. &—Declared or paid so far this year, NEW YORK BANK STOCKS NEW ORK. May % (# —Ne R { Becinly Dealers Hiociauion, —New York Asked Map o 350 Rintiorep o 3 132 4 £ty 205 - rst Nat (Bos) (2) rst Natl (100) Quaranty Tr (12) Irving Tr ( M.nuucmren Tr (2) -nuhflurerl Tr pt (2) Nou gty ¢ Exbnz i tle G & T 2 ot ron i B W 3 FAE B R IR DERD [overe S D. C. SECURITIES tm by Johnsten. Lemon & Oo.) fosterday s closing bid and ssked quo- wton securitiss. Which e Gver e eoonter Toltou BONDS. irber & Roes deb 4 1045 _ Oonsol Title Ine 65 1061 Hamilton Realty 15t 53 1948 Mayfliower Hotel 1at 85 Natl Preas Bidg 13t ] Racquet at 38 1945 Wash Auditortiim 15t 63 44 Wash Prop Inc 78 1952 __ STOCKS. Anecostia Bank Barber & Ross pf (new) East Wash Savings Bank Tederal American o pf - Federal American Co com - Hamilton Natfona] Bank - Natlonal Capital Insurance_ Union Trust Wash comenllon Hall M = Wash Zrop Ins vio CHICAGO LIVE STOCK. CHICAGU. May 8 (™ (United States Department of Agriculturs) —Hogs. 3.0 including 2,500 direct: ractically hothing on_ sa 0: shivvers took none: ot : compared week ag0 1'3! the week's top, 1 Cattle oy last calves, 100: wm‘n eek: Steers and veard! ng good nnd. better, T oroon e ser ot ‘very ‘omsty merxers vukm:g by ‘Gui*dressed trade, common and ‘medium srades weak to 25 lower such cattle now high cumnl‘r!d s00d_and choice offerings: prime 1.4 und steers 18:76: “outstanding gt steers, ew heavies above 14.00. hi :_instances steers, 13.25: ugE Trarket, with. good to choree yea ings rel- atively’ cheapest to Kil llers and common ket sctive. mostly steady: best heavy. 11.50; ight. '11.35: beef cows very sca fehor | cltters “and vealers strons: buils Weak to shade lower. Sheep. 4.500. including 2500 directs. Yor week ending Friday. 1.2 Compared Friday last week mostly 25 ower. having_recovered go DATt of “early losses: sheep closing wea week's top wooled lambs, also California Springers 12 both classes closing at I o5, Clipped lambs, 1025 paid elrly no choice cli s here l'. c.oxe week's buk wooled lambs, 11.2 bulk California Springers. 11.5! Bround 22 doubles here this waek: most lipped bs. 9.80-10.25: bulk _shorn hter ewes. 4. week's 10 !l de. little above 5.00 lats ooled ewes. 6.00-6.50. of 2 cents. The market on both tur- keys and capons is practically over. Egg Prices Decline. A further decrease has taken place in the egg market, which has reached the lowest point of the season. Receipts continued heavy, and prices are ap- proximately 1 cent below last week's quotations. Current receipts are sell- ing, 18!'2a19; large hennery whites, 19'5a20, and medium-sized hennery whites, 19. The week brought about some in- crease in the supply of native and nearby garden truck. Eastern Shore sweet potatoes are bringing 1.40a1.50 bushel for No, 1s and 1.15a1.25 for ungraded stock. Nearby blue kale is selling, 20a30 bushel. Nearby red-tip radishes made their appearance on the market during the week and are selling mostly, lalls bunch, while nearby rhubarb is lower at 3a5 bunch. Nearby spinach is mostly 30a50 bushel, The price trends of most classes of cattle and all sheep and lambs pointed downward in a series of live stock mar- kets that as a rule were dull, according to the local bureaus of the Department of Agriculture. Cattle Receipts Gain. There was slight expansion in local marketings of cattle, but it was weak demand, rather than enlarged re- ceipts, that prompted the loss in prices. Steers finished 25a40 lower than a week ago, and cows lost most- ly 50a75. The meager number of heifers that came to hand sold at weak to Jower rates, but bulls carried through on a firm basis, the only class to escape price penalty. Stead- ily slipping new-crop lamb prices left that class 1.00 or more under quota- tions of a week ago, and slaughter ewes closed fully 50 off. Vealers lost 1.00 during the week. There was no quotable price change in the local hog market after Monday's generally 10 higher trend, and the late trade was on a strong basis. On Thursday the bulk of medium and low grades of steers cleared 9.35 a10.75, good grade offerings in small lots selling up to 11.25. Plain light weights sold on down through the 800 column and a few below 8.00. A part loed of good grade around 975-pound heifers brought 9.50. Ma- Jority of low cutter and cutter grades of cows released at 4.00a5.25, “shelly” kinds occasionally under 4.00. Plain and medium grades crashed at 5.50a 6.50, and good grade individuals sold up to 7.00 or slightly above. Plain and medium bulls cleared at 6.00s 7.25, and good grade butcher bulls sold up to 9.00. Vealers Bring $7 to $10. Good grades of vealers Friday brought 9.50810.00, mostly, plain and medium grades 7.00a9.00 and culls s0ld downward toward 5.00. In hogs, Friday sales were conducted on a steady to strong basis in which good and choice grades of 170a210- pound barrows and gilts brought 10.75a 11.00; practical top, 11.00. Compar- able grades of 220a250-pound were listed at 10.50a10.75, and heavy weights down to 10.00 or below. Good and choice 140a160-pound lignt lights cashed at 10.35a10.70; 120a140-pound slaughter pigs, 9.75810.10, and good packing sows, 8.75a0.20. Stags were quoted from 8.00 downward. Hags from ‘“doubtful” areas are not in- cluded in the prices. Early this week fairly dependable outlet for Spring lambs was found at 15.00a15.50, if of good and choice grades, and in Friday's market com- parable offerings sold 14.50 downward. Other than new crop lambs there was little on offer this week. Odd lots of ‘wooled slaughter ewes sold up to 6.00 early in the week and later from 5.50 downward. Late in the period some shorn ewes carried a bid of 4.00. Grain Market. Closing prices were: Wheat—No. 2, red, Winter, garlicky, spot, domestic, 1.40; May delivery, 1.40; corn, No. 2, yellow, domestic, 1.25; Westerin bill- ing at & premium over this price; cob corn nominal; oats, No. 2, white, domestic, 65a75; No. 3, 664874, except grain on track there is an additional charge of 1!, cents per bushel for storage and elevation on all sales of oats; Rye, No. 2, 1.36a1.41; barley, 96a1.01. WASHINGTON STOCK EXCHANGE YEAR 1937 (Reported by W. B. Hibbs & Co., Hibbs Building, Washington, D. C.) ON THE WASHINGTON STOCK EXCHANGE FRIDAY, BONDS. PUBLIO UTILITIES. Ana & Po' Riv R R 1st 5s 1040 Ana & Pot Riv R R guar Bs 1949 Capital Traction 1st 5s 194 City & 8Sub Ry 1948 Georsetown Gas Light 1st 55 1961 Potomac Electric Power 3%s 1066.._ Wash Gss Lt b5s 1958__ Wash Gas Lt 55 1960 Waeh Ry & Bl 45 1951 ___ A 5 2 3 3 ¥ z 3 PUBLIC UTILITIES. Capital Transit _ N & W Steamboat Pot El Pow 63 pid Vulrlr! Rate. UP TO AND INCLUDING MAY 7. ose. APia ™ 8.10% 3.85 5.90 6.95 4.10 3.20 4.45 3.80 3.48 Open. High. Low. 111% 110% 97 92 87% 81% 125 128 113% - 104% 104% 101% s 108% 108% 126% 116 4 108% 105 - 110% 941 87 Div. 16 110 118 12 108 108 25 Am Bank Note (t1). 59 Am Bk Note pt (3).. 57% Am Brake Sh (13) .. 160 125 Am Brake Shpfb%. 121 97% Am Can (t4) _ 174 152% Am Can pf (7) - 71 51% Am Car & Foundry_ 104'4 87 Am Car & Fy pf(b4) 99% 72 Am Chain & Ca bl. 148 115 Am Chain&Cpf 6. 105% 98 Am Chicle (t4)_. 23% 18% Am Colortype 308, 24}% Am Comcl Al ab0o. 33% 25% Am Crystal Sug b3, 13% 84 Am Encaustic xrts . 17 12 Am European Sec__. T% Am & Foreign Pwr_. 44 Am & For Pw $6 pf_. 51 Am & For Pw $7 pf_ 20% Am & For Pw 2d pf_ 16% Am Hawatian (1)__, 613 Am Hide & Leather_ 375 Am Hide & L pf (3). 42 Am Home Pr t2.40__ 23 Am Ice 17 Am Ice nf (IL 13% Am Interntl (a40c). 587% 43 Am Locomotive 125 108 Am Loco pf (a3) 29% 21% Am Mach & F (t1)_. 18% 9 Am Mach & Met 60c. 68% 46% Am Metals (b25c) 129% 115 Am Metals pf (6)._. 75 62 Am News (N Y) (3) 16' 9% Am Power & Light.. 722 51%s Am Pw & Lt pf (5).. 871 59'; Am Pw & Lt pf (6)._. 29% 21 Am Radiator 160c.. 170 153 Am Radiator pf (7). 45% 38% Am Roll Mill 11.20_. 36 28 Am Safty Ras (3)_ 29 22% Am Seating (82%)- 58 41 Am Shipbldg (2)_ 17908 52 106% 81% Am Smelt & Ref(3) x 179 87% 154 13814 Am Sm & Ref pf(7). 107% 105 Am Sm & Ref pf(6) 13% 587 687x 381y 21 11% 553 b52% 4y 2% 17% 10 67'3 59 Am Snuff (+3)_. 3% 51% Am Steel Fdry (bl)A 3% 24 Am Stl F rts May 15 115 109% Am Steel F pf (7)__. 26% 20 Am Stores (2) 5674 45 Am Sugar (3) 143% 129% Am Sugar pf (1) 25% 21%3 Am Sum Tob (11).. 187 160% Am Tel & Tel (9)._. 99 78 Am Tobacco (5) 6 168 520 8308 15014 128'2 Am Tobacco pf (6 20!s 1814 Am Type Founders. 18144 Am Water W (80c). 9% Am Woolen . __ 62% Am Woolen pf lbl). 6% Am Zinc & Lead 4412 Am Zinc&L pr p?(5) 4814 Anaconda Cop (t1) 79 Anaconda Wire b1l 18 Anchor Cap (80c) 106 Anchor Cappf 6% __ 374 24 Andes Copper. 10% 5% AP W Paper. 46 40 Archer-Dan-] M('Z). 121% 116% Archer-D-M pf(7)_. 111 lD'l%Armaur(Del)pt('l)_ 13% 7 Armour of I11(b35c) 81% Armour(Ill)pr pf 6. 5914 Armstrong Cork(2) x 124 Arnold Cnst b62}4e. 10% Artloom Corp... 15% Assoc Dry Goods ... 94 AssoDG 1stpf(6).x 49% Associates Inv (12). 97 Assoc Inv pf ww (5). 6915 Atch T & S Fe(a2)_. 97'5 Atch T& S F pf(5)_ 44 Atl Coast Line(al)._ 23 Atl Gulf & Wat Ind_ 35 AtIG& W Ipf(a3)_ 29% Atl Refining (11) 116 110 Atl Refin pf (4)_. 18!y 16! Atlas Corp (80c 52% 60\: Atla: 94 133 184 368 Corp pf (3) 72Y Atlas Powder b1 11'{’\ Atlas Pwdr pf (5) = 14 Atlas Tack (1). 27% Auburn Auto 6% Austin - 39 Austin r\:cn pr (11). 614 Aviation Corp Del._. 6% Baldwin Loco () 5!z Baldwin asd (d) - 86% Baldwin Loco pf(d) 8815 Baldwin pf asd(d).. 20% Baltimore & Ohlo__. 47% 23% Baltimore & Oh pf._. 45 40 Bansor & Ar (2%).. 11015 102 Bangor & A pf (5).. 43% 31 Barber Co (b25c) 32 25% Barker Bros 42 38 Barker Brospf2% 35% 263 Barnsdall (1) 20% 15 Bayuk Cigar t 28% 23% Beatrice Cream t1.. 105% 103 Beatrice pf ww(5) _. 43Y% 40'% Beech Creek RR(2). 112 106 Beech-Nut Pkg(t4). 15% 12 Belding Hemin (1) 87 84 Belgian NR pf(3.24) 3015 20% Bendix Aviat'n bs0c. 28% 20% Benef Ind Ln (b96c) 623, 50'3 Best & Co (215) < 105% 73 Bethlehem Steel(bl 20 18'% Beth 6% pf (1) _ 129% 117 Bethlehem pf (7). _. 69% 52 Bigelow-Sanf'd bl 38 Black & Deck b50c... 29% Blaw Knox (b20e) . 4% Blumenthal pf(a21) 49% 33% Boeing Airplane 481 40% Bohn Alum & B(3) 46% 41% Bon Ami (B) (2%) 28 2413 Borden Co (1.60) 431 3873 Borg-Warner__ 8Y% Boston & Maine 15 Brldnpt Bras 43% Briggs & Strat (l).. 45 Briggs Mfg (12)___. 41 Bristol-Myrs 12.40. 31 Bklyn-Man Tr (4).. 77% Bklyn-Man T pf(6). 4 Bklyn & Queens 22% Bkn & QT pf (3)___ 32% Bklyn Un Gas(1.60) 18 Brunswick-Balke. 167% Bucyrus-Erle_ ll7‘/n 107% Bucyrus-E pt (7) 14% 13 45% 65% 35% 11% 401 43 20s 4 31% Bullard (b25¢) . 50% Bulova Watch ('l) 26% Burr Add M (80c) - 7 Bush Terminal__ 13% Butler Bros (60c) - 29% Butler pf (1%4) ... 4% Butte Cop & Z(a5c) - 22% Byers (A M) .. 72 Byers (A M) pf. 27 Bwron Jackson (t1). 37 Calif Packing (1%). 50 Calif Pkg pf (2%)-- 2% Callahan Zinc-Lead. 110 12 Calumet&Hecla (1) 86 16 1 3% 358 29% — 2% + 501 + 86% +2 3 4 143% 142\1 1424 +1 105 27 32 105 26 82 105 27 32 +1 32 60 594 Bd‘m -% 27y 110% + & 224 +1% r 4 -h 44 o & FEE S Rt ot o (s o e - £res + PS 3 4l 4+ S + + F T 112% 125% 69% 114 80% 120 21% 4 To% 191 19\4 1874 95 497 108 58 18% 13'% 177% 105% 108 1% 13% 523, 37% 37% 5% 1098 691 25% 42% 87 AT 35% 77 17 |‘/fi 10% 5635 121 37 28% 1007 5614 4T% 28% 1088 81% 135 3 17% 14% 109 1374 1804 1355 1154 17 176% 163 1154 17% 81 9, 238, 35% 28% 1414 344 135 18% 83 32y 3 1% 33 106% 19%% 15% 86% 19% 14 32‘6 125% 52% 6474 % 81 9% 37 Cons EdisN Y(12)_ 10813 Collins & Afk pf(5). 36 Col Fuel & Iron(bl) 20% Colo & Southern___. 21% Colo & South 1st pf_ 1213 Columb G & E1(40c) 93% ColG&Epf A (6) _ Columb Pic vte (t1) 112% Col Carb vtc (14) ___ 56% Comcl Credit (t4)__ 100 Comcl Cred pf (4% ) 6313 Comel Inv T (14) _. 104 Comcl Inv T pf 4% _ 14% Comecl Solv (160c) .. 2% Comw & Southern 50 Comw & Sou pf(3).. 13% Conde « 363 Congol 15 Congress Clxar(lz) 1214 Consol Clgar .. ___ 8312 Con C pr pf ww 6% _ 104 ConsEAN Y pf(5)._. 3% Cons Film. 13 Cons Film pf (a2) 9'% Cons Laundrie 15 Cons O1l (80c) 104*{ Cons Ofl pt (5) 6'<« Cons R R Cuba % Cons Textile (d). ... 814 Cons Coal(Del)vto. 1308 112% 38 38 608 21% 80s 2314 296 14% T 95 36 34% 1108 90 x 262 40% 16 105 T M 9 14 3 10% 210 16% 1 104% 10 T4 98 41 33 Cons Coal Del vte pf 5508 23 Contl Baking (A)_. 27 Contl Baking (B) 95 Contl Baking Df(l)_ 50% Contl Can (3) ___ 20 Contl Diamond (2) - 86 Contl Insur (11.60). 24 Contl Motors 40% Contl Ofl Del 26% Contl Steel (b50c) 6214 Corn Ex Bank (3)_. 56% Corn Prod Ref(t3)_ 158 Corn Prod R pf (7). 6 Coty Inc. 46 Crane Co 1134 Crane Co pf (7)____. 291y Cream of Wheat(2). 19% Crosley Radloali - 70 Crown Cork & 8(2) . 47% Crn C&S pf ww 23 _ 41 CrnC&Spfxw2%.. 17 Crown Zeller(new) .. 99 Crown Zell unf(!). 51 Crucible Steel 118 Crucibe St pf bl‘m - 1% Cuba Co... Cuba RR pt 1414 Curtis Publishing 9212 Curtis Pub of (7). 513 Curtiss-Wright____. 73 48 76 Cutler-Ham lh50c). 19 Davegacumpf 1y . 100 Dayton P&L pf ¢ 104% Deere & Co 20 Delsel-Wem-G(t1)_ 421 Delaware & Hudson 17% Del Lack & West__.. 6% Den & R G.W pf(d). 120 Detroit Edison (14). 9% Det & Mackinao.___. 20% Det & Mackinac pf . 61 Devoe & Rey A(13)_ 30'4 Diamond Match (11 18% Diamond T Mot b25e 20% Distil Corp Seag 20'3 Dixie Vortex(1%) - 39 Dixie Vortex A 2z 36% Doehler Die Cast(2) 3814 Dome Mines (t2 10 Dominjon Stor 494 Douglas Afrcraft. 29 Dresser B (al).___. % Duluth S S & Atl___. 4% Dunhill Internatl__. 15 Duplan Silk (1) 14814 Du Pont (b75¢c) 13113 Du Pont deb (6) 112 Duquesne 1st (5 1114 Eastern Roll Mill 151 Eastman Kodak( 150 Eastman Kod pf(8). 31% Eaton Mfg (2)_ 11% Eitington-Schild___. 21% El Paso Nat G 1.60_. 34% Elec Auto Lt 12.40_. 10% Elec Boat. (260c. 4% Elec&Musl (a1l 17% Elec Pow & Light 66 Elec Pw & Lt 36 pt 69 Elec Pw & Lt $7 pf_. 39 Elec Storage Bat (3) 14 Elk Horn Coal (d) _. 4% Elk Horn Cl pf (4) 5514 Endicott-John (3)_. 108% Endicott-Jhn pt(5). 10 Eng Public Serv__ 68 Eng PS$5% pthit 61 Equitable Office B__ 13% Erfe RR___ 24 Erle RR1stp Erfe RR 2d pf_ 26% Bvans Prod (t1) ___ 4% Exchange Buffe: 31 Fairbanks Co.._ 20% Fairbanks Co pf. 51 Fairb'ks-Morse ( 5314 Fajardo Sugar (b2)_ 19% Federal Lt & Trac. 90 Fed Lt & T pf (6) 661 Fed Min & Smelter_. 7 Federal Motor(40¢c). 5% Fed Screw Work: 3% Fed Water Sve A 34 Fed'd Dept Str(2)__ 97 Fed'ted Dep Spf4% 37% Fidel Phoenix t1.60. 32% Firestons T&R (2)_- 321% Flintkote Co (1) .. 46 Florence Stve bi0c_ 33Y% Florsheim A (2) - 63 Follansbee Bra!(d). 47% Food Machine (1) 43 Foster-Wheeler ___ 118 Foster-Wheeler pf. 12 Francisco Sugar . 67 Franklin S pf(a5%) 25% Freeport Sulph (1) 51% Fuller Co pr pf 4% Gabriel Co (A) 22 Gamewell Co 100% Gannett cv pf (6 138% Gar Wood Ind as5c_ 11! Gen Am Inv(a75c) .. 68 Gen Am Trans (a3). 12% Gen Baking (t60¢c).. 8% Gen Bronze. 23% Gen Cabl AT% C & 112% Cable pf (a7).-. Clgar (14) .. 50% Electric (b40c) 20% Container Corp 1.20 x 2’!‘! 1024% 129% 29% 204 4% 18% Ti4 120 12 28 63 32 18% 21% 21% 39 391y 40% 10% b2'y 30% 166 39% 185 67% 111 524 120% 30% 4315 431 41 144 131% 334 L3 13% 644 1114 28l 94 6315 189 111% 162 16% 15% 18% 3% 136% 24% 18 9% 121% 10 574 28% 49% 52 110 18% 364 10734 26% 30 12615 874 156 126 136 19 109% 69% 201 1'{4 58% 9 15% 28% 1134 114 175 23% 8314 61 53% B4l 110 3% 6% 10% 43% 10914 28% 1473 28% 44 111 34% 101 8614 16% 4T% 41 T2% 264 35% 24% 17 140 Helme (GH) pf (7)_ 28% Hercules Motor(t1) 150% Hercules Pwdr (6) - 58 Hershey Choc (13)_ 102% Hershey Ch pf(t4)_ 39% Hollana Fur(al%)_ 106% Hoiland Fur pf(5)_. 21 Hollander & Son(1). 311 Holly Sugar (12) ___ 337 Homestake (112) __ 37 Houd-Hersh A(2%) 20% Houd-Her B (1134). 573% Household Fin (4) 88% Househ'ld Fin pf () 12'4 Houston O1l vte _ 62% Howe Sound (13 3'3 Hudson & Manhat. 17% Hudson Motor.__. 3t Hupp Motor ‘x Hupp M rts May24 2214 [1linots Central. 46 Illinois Cent pf A._. 12% lndlan Refin (al).. 36% Indus Rayon (2) .- 125 Ingersoll-R'd (bll4)x 110 Inland Steel (t4)._ 20% Inspiration Cop. _ 4% Insur 8h Md (b10e). T Inter Rap Tr vtc(d) 41 Interchem Corp(t2) 4% Intercontl Rubber_. 16% Interlake Iron 5 Intl Agricultur: 42 Intl Agricul pr p: 155 Intl Bus Mach(16)_. 99% Intl Harvester(2%) 1447 Intl Harv pf (1) x 8% Intl Hydro El1 A_ 6% Intl Mercantile M 1114 Intl Mining (b15¢c) .. 5514 Intl Nickel (b1) 128% Intl Nickel pf (7)__. 161 Intl Paper (A) ceeee 10% Intl Paper (B) cacea 5% Intl Paper (C)aeeem 43'5 Intl Shoe (12) 31% Intl Silver.._ 80 Int8ilver pt (bé)__. 10% Intl Tel & Tel. .. 24% Interstat Dp 8t b2 103'% Inter Dept 8t pf(7) 1714 Intertype Corp (1).. 25% Island Creek (2) . 121 Island Creek pf(6).. 71 Jewel Tea (14)_ 125% Johns-Manv (13)__. 120 Johns-Mansv pf(7). 122 Jon&L 7% pf(b1%) Kalamazoo 8 (11) Kans City South Kans City So pt( 28} Kaufmann (11.60) h-A-O pf (b1%) -H A (81% ). 1315 Kelsey-H B (a134)_ 102 Kendall pf A (16)_.. 61 Kennecott (b50c)__. 164% Keystone S&W b30o 38% Kimberly Clark(1)_ 51% Kinney (G R) Co.. 8 (b30c) .. S H (1.60) ___. 217 Kroger Groc (1. 19'% Laclede Gas (StL). 25% Laclede Gas pt_. 181 Lambert Co (2) 17 Lee Rubber (50¢)_. 35% Leh Port Cmt 1% . 1% Lehigh Valley Coal. 97s Lehigh Val Coal pf. Lehigh Valley R R_. 118 Lehman Corp (13)_. 16 Lehn & Fink b623¢. 48% Lerner Stores(t2)_. 6113 Libbey-Ow-F b76c_. 93, Libby McN & Lial). 25% Life Saver (11.60) .. 97 Ligg & Myers (t4).. 9613 Ligg & Myers B 14 _ 153 Ligg & Myers p£(7). 21% Lily Tulip (11%) ... 59 Lima Locomotive... 517 Link Belt (13) 43% Liquid Carb (: 644 Loew’'s Ine (¢ 106 Loew’'sInc pt((% ). 24 Loft Inc. 52 Lone Star Cmt b75c. 614 Long-Bell Lumb(A) 33% Loose-Wiles (2)__.. 106 Loose-Wiles pf(5)._. 21Y% Lorillard P (11.20)_ 138% Lorillard P pf (7)-- 19% Lou Gas & Elec (A). 86% Louis & Nash b214_ 29% Ludlum Steel (t1)_. 303 MacAndrew&F (+2). 130 MacAndrew pf (6)._ 29% McCall Corp (12) 16'x McCrory Stores 92'4 McCrory Strs Di(&). 40% McGraw Elec (12) . 20% McGraw H P b27%e 33% Mclntyre Poreu(2). 31% McKeesp't Tin Plate 123 McKesson & Rob___ 44% McKess & Rb pf(3). 137 McLellan Strs b75e. 428 Mack Trucks (11)__ 46% Macy (RH) (13) _. x 113% Mad Sq Garden bS5ex 46 Magma Copper (2).. 5 Manati Sugar (d) 16 Manati Sug of (d).. 13% Mandel Bros (b1)_. 9 Man El md gtd (d)-. 19% Manhat Shirt (1) 3% Maracaibo Ofl Ex 10'% Marine Mid (t40c)_. 2 MarketStRy. ___ . 3% Market St Ry 2d pf. 26 Market St Ry pr pf_ 41 Marlin Rock (12) 187 Marshall Field 2514 Martin (Glenn)_ 8% Martin-Parry. 55 Masonite (t1). 357 Mathieson Alk (1%) 56 May Dept St (13) 10% Maytag Co (a50¢) . 39 Maytag pf ww (3) 106% Maytag 1st pf (6)-. 25% Mead Corp 94 Mead Corp pf (6) 70% Melville Shoe (15).. 11% Mengel Co_ 41 Mengel 1st pf (234) 35% Merch&Min (11.60)_ 58 Mesta Mach (b1%). 14% Miami Copper. .. .. {@135'4 127 Hercules Pdr pf(6) x 40s 1 6 13 . 1008 38 40 6208 2 4t 8 2 317 55 2 90 104 463 1 95 12 8 111% 107% Interchemical pf(6) 130s 23 281 Mid-Cont Pet (b50c)x 59 38 Midld Stl Prod(13). 48% 122 115% Midld Stl 1st p£(8)_ 210s 10 @ 731% N Y Air Brake (al).x 10 40 N Y Central 41 NYChi&St 83 NYChi&StLopt. 26 N Y City Omnibus__ 15% N Y City Omnibp w. 8 N Y Dock £ 17% N Y Dock pf ... __ 185 125 N Y & Harlem (5)__ 137 126 - N Y & Harlem pf (5) 2 1 N Y Investors (d) .. 9% 5% NYNH&H (). 26 6% 15% 10 N Y Shipbuilding-. 102% 95 N Y Steam pf (6).. 112% 107 N Y Steam 1st (7). Norfolk South (d) .. Norfolk & W'n (10) 102 Norf & W pf (4) ___. 11% North Am Aviation_ 24 North Am Co(b30c) 51% North Am Co pf (3). 977 North Am Ed pf (6) 93 Northern Cent (4)._. 2TY% Northern Pacific __ 512 Northwest Tel (3) 8% Norwalk Tire & R 17 Ohio O1l (b50c) ____. 5314 Oliver Farm Equip. 1612 Omnibus Corp vte... 13Y% Oppenheim Collin: 356 Otis Elev (60c) .. 16'4 Otis Steel 75 Otie Stlcv pt (535). 22 Outboard Mot b75c . 82'3 Owens-111 Glass (3) 17% Pacific Am Fish 1.20 9%, Pacific Coast. 25% Pacific Coast 1st DIA 16% Pacific Coast 2d.__. 24 Pac Finance(11.80). 297 Pac Gas & Elec (2). 43% Pac Lighting (3).. » 33% Paoc Mills (b50c) 139 Pac Tel & Tel (8)_ 22% Pac West Ofl(a85¢c). 9% Packard Mot (b15¢) 11 Pan Am Pet (a80c)_ 2% Panhandle P& R 60 Panhandle P&Ruf 8830! UB 70 Paraffine Co (bl)... 4 T4 20% Paramount Pic..... 283 217 200% 140% Paramnt 1st pf (6).. 26% 18% Paramnt 2d pf 60c.. 34% 28 Pai &Tfl!m’d (2).. 84 44 P 44% 38 Parke Davis (b1). 2474 Parl R 4% Parmel 7 Pathe Film Corp.__. 14% Patino Mines(160c) 3% Peerless Corp.____. 4314 Penick & Ford(t3)... 94% Penney J C) (4) 37 Penn Coal & Coke._ . 7% Penn Dixie Cement.. 22 PaGlassSctfsasle 39% Penn Railroad (a2)._ 116'¢ 1123 Peoples D pf (6%5) . 4613 Peoples Gas Chi 4 Peoria & Eastern___ 34 Pere Marquett: 204 Pet Milk (1) 163 Petrol Corp(A) béle 9% Pfleiffer Brew b60c_. 1-32 Pfeift Brrts May 13 464 Phelps Dodge b80c_. 8 PhilaCo6% pf (3)- 88% Phila Co pf(6)new._. 5 Phila Rap Tr (). 8% Phila Rap Tr pf(d). 4 1% Phila & Read C & I 70 Philip Morris(b3%) 26 12% Phillips Jones_____ 4 49'4 Phillips Petrol'm t2x 141 50 Phoenix pf (313).._ 1108 15% Plerce Oil pf___ 2813 Pilisbury Flour 1. 50 Pirelll (A) (a3.13)__ 10% Pittsburgh Coal ___ 60 Pittsburgh Coal pf_. 13} Pitts Screw&B blbc. 24% Pitts Steel __ 98 Pitts Steel p! 3% Pitts United 3114 Pitts & W Vi 24% Plymouth Oil (t1)_. 187 Pond Creek Poo (2). 22% Poor & Co (B)____.. 6 Porto R Am Tob A_. 1% Porto R Am TobB_. 813 Postal Tel&C pf(d). 22% Pressed Steel Car__. 23 Press Stl 1st pf 25¢. 63 PressStl2dpf2%_. 5 55'4 Proctor & Gam(12). 11814 11415 Proc & Gamb pf(5). 52% 407y PubSvo N J (2.60).. 1121 100% Pub Sve N J pf (5).. 1284 117 Pub Sve N J pf (8).. 1621 14915 Pub Sve N J pf (8) _. 11814 111 Pub Svc E&G pf(5). 724 574 Pullman Ino (1%) .. 24% 1814 Pure Ofl | 107 99 Pure Oil 6% pf_. 1123, 108 Pure Oil pf (8). 23% 16% Purity Bak (60¢c) 187a 16 Quaker State O b4se 12% 8% Radio Corp. - 80 684 Radiopf A (3%3).__ 1014 7% Radio-Keith-Or (4) 25'4 14% R R Sec I11 Cent_ 291, Raybestos M (1114) 37 Reading RR (2) __. 45 Reading 1st pf (2)_. 38 Readins 2d pf (2) 8% Real Silk Hoslery. 2% Rels (Robt) __ 177 Reliable Stores 21 Rem-Rand (160c) .. 80 Rem-R pf ww(4%). 98% Rensselaer & S(8).. 5 Reo Motor Car._ 27% Republic Steel 109 Republic pf (hl%\ 99 Republic pr pf A(6) 3314 Revere Copper_____ 71 Revere Copper(A).. 128'3 Revere Cop pf b1%. Revere Cop pf 6% Revnolds Met (11 Reynolds Spr (11) .. Reynolds Tob B (3). Ritter Dental (1) _. Roan Antel (a1.12) _ Ruberoid Co (1.80). 6'% Rutland R R pf 36 Safeway Stores(12) 97!3 Safeway Strs pf(5) 106!y Safeway Str pf(6) _. 110 Safeway Strs pf(7) 43% St Joseph LA (b50c) 3 St L-San Fran (d).. 6% St L-San Fr pf (d) 11 StL Southwn (d)._ 1414 Savage Arms (b25¢) 42% Schenley Dirt(b76¢c) 1% Schulte R Stra (d) .. 16 Schulte R 8 pf (d) 38 Scott Paper (1) 1% Seaboard Air L ( 56% 72 100 317 21% 127% 25% 28 14308 9% 11308 20%, 308 126% 108 102% 112% 3 8208 105 90 12% 159 25% 6 54w 4 408 684 90s 30 209 99 34 1264 126 1 200 +8 +1 +1 +1 40y - 10% 101 1914 4 111% 3 245 104 12 24’5 5314 100 104 12 25 b4l 1015 -+ Sl 111 111% 80 108t 725 113 111% 80% 109 725 708 6 408 51 Seaboard A L pf(d). 40% Seaboard Ofl (1) T Seagrave Corp.. 81 Sears Roebuck (3) 26 Servel Ino (t1)____. % 29 Sharcn Steel (11.20) 120 100% Sharon Stl pf (5) - 14 9% Sharpe & Dohme.___ 65 59% Sharp & Do pf(3%). 17% 127 Shattuck F G (60c) 44 3Tih Sheaffer Pen(b1% ). 34% 25% Shell Un O1l (a26c). 105% 102 Shell Un Ofl pf 6% - 17% 12% Stiver King (b25c) . 58 - 44% Simmons Co (b50c). 232 164 Simm’ns rts May 19. 4% 313 Simms Petrol _ 60% 42 Skelly Ol (b30c). 102% 98% Skelly Oil pf (6) 197 85% Sloss-Sheffield Stl. Sloss-Sheff pt (6).-. 541 37 Smith (A0)___ 4014 273 Smith & Cor ctfa(1) 29% 21% Snider Pkg (b1%) .. 20% 16% Socony-Vae (b25¢)_ 6% 3% South Am G & P 30¢c 42% 34 South Port Sug(t2) 156 141 Sou Porto R S pf (8) 3213 24% So Cal Edison t1%_. 65% 4215 Southern Pacifio.__. 43% 24 Southern Ry. 220 40% (Continued on Page 3.) 27% Campbell Wy (11)_ x 21 25% Canada Dry G Al 56 Canada South (3).. lfll 12% Canadian Pacific __ 211 48% Cannon Mills(b60c) 8 7 Carriers & Gen(bbse) 70 DCo (4)__.. 24 pillar Tr (t2)- 36 (b76e) ... 686 113% 106% Celanese prpf A(7). 1 48Y% 36% Celotex Corp 20 821 74% Celotex Corp pf(5). 280s 39% 33 Cent Aguire (t1%). 6 12% 7% Central Foundry.__ 50 107% 100% Cent [11 Lt pf(434)_ 208 41% 28 Central RRofNJ_. 14% 10% Century Rib M b20c. 115 103 Century RM pf(7) 62Y% Cerro de Pasco (4). 67% Certain-teed pf (6). 1408 60% 35% Champion Pap (t1). 18 111 108 Champion P pf (6)_. 50s 48 26 Checker Cab Mfg .. 2 78% Chesapeake Crp(3). 25 56% Ches & Ohlo $3.30_. 199 91 Ches&Oh pf A (4)- 4 2% Chi & Bast Il (4)... 3 6% Chi&Est Il pf (). 15 2% Cht Grt West (4)__. ;; A% 3% 39 Gen Foods (2) 1% Gen Gas & Elec(A) 64% 52 Gen G&E 6% cvDfA 65% 60 Gen Mills (3).__ 124 117 Gen Mills pg (6) 70% 55% Gen Motors (b1 ) 106 99% Milw ER & I pf(6)._ 120 100 Minn-Hon Ros (2)_x 108 Minn-Hn R pf B(4). 11 Minn Moline Pow_ 8814 Minn Moline Pw pf_ 4% MStP&SSMlsin_ Mission Corp (a45c) 67% Mo Kans & Texas__ 24% Mo Kans & Tex pf A 3 Mo Pacifie () 114% a8 112% 728 2T% —1% 55 -2 13% + % 50 8% + % 169% +1 90% + % 397 +3% 112 + % 41% % + % 34 -y 8 — % 10;% L -2 11% 108 -3 66 —2 16% — % 71 2% BANKS AND TRUST COMPANIES. Capital 100 Liberty __ 100 ‘Washington 100 Riggs common 100 Riggs preferred 100 American Sec & Trust 100 Nat Sav & Tr - 100 Wash Loan & Tr. 100 TITLE INSURANCE. Columbia Title Ins. MISCELLANEOUS. Carpel Corp __ Lanstor Monotype - Mergenthaler Linotype Peoples Drug Store: Peoples Drus pfd - Real Estate Mtge & Guar pfd. Becurity Storage ____ Woodward & Lothrop com.. ‘Woodward & Lothrop pfd.. 2 145% 151 135 358 101% 310 170 300 145 150 135 305 101% 290 165 280 145 150 135 305 101% 300 170 202 42 Gen Ry Signal (1) 117% 111 Gen Ry Signal p£(6) 5% Gen Realty & Util 48% 35 Gen Realty & Upf__ 70% 581 Gen Refract (a3%). 88 62% Gen Steel Cast pf___ 33% 23 Gen Thea Eq(b26c). 43% 37 Gen Time Instru 1. 20% 165% Gillette S Raz (+1)_ 8814 83 Gillette S R pf (5)__ 29% 20% Gimbel Bros._ 90% 83% Gimbel Bros pf(6)_. 51% 41 Glidden Co (2) .- 58% 52% Glidden cv pf(2%)-. 6% 4% Gobel (Adolf) ____. 8% 6% Goebel Brew(t20c). 50% 31 Goadrich(BF) bs0c_ a'm 79% Goodrich pf (5 27% Goodyear T & ul 100 Goodyear cu pf(l).. e 12 OhiGrt West ot (4). 13% 9% Gotham Silk Hose_. (B CREn G G 8 Chilnd&Lpf(d).. 708 96 91% Gotham 8 H pf (1) Baidin Decembar, 1986, 32 27 ChiMallOrdti%.. 8 4 3 Graham-Paige. L) - q 93 85 Monsanto Ch(11.60) 52% Montg Ward (12)__ 40% Morrell J (2.40) 60 Morris& Esx (3%).- 1% Mother Lode al2ls¢c 31% Motor Prod (12)._.. 20% Motor Wheel(1.60)_ 41 Mueller Brass (1) 28% Mullins B (a50¢) .. 91% Mullins pf ('l) 27% Munsingweal - 90 70 MurphyGC (1 60) . 108% 102 Murphy G Cpf (5)_. 20 13% Murray Corp(ab0¢). 71 58% Myers (F E) (b1) 245% 17% Nash Kelv (1) 47% 36 NashvChat&StL._. 24 18% Natl Acme (2756) . 1896 12% Natl Aviation (a1). ll‘l 148 Natl Biscuit p£(7)_. L] 16% 15 15 2.65 15713 166 +10 101 101 -3 38 38 + 331% 34 + 21% 22% + 19 50 119 067 15 25 3.247 1268 110 120 26% 100 54% 49% 116 6% 128 8 128 25 100 45Y% 40% 118 BYe 118 68 120 #4235 cents paid In June, 26 96 45% 49% 118 8% 128 [ 120 8.00 4.00 4.5¢4 2.00 5.60 4.00 220 5.90 +3% 10!‘/; 103‘/1 + % 26 100 10 25 10 100 ERESEREE DA N NERARRKERCRAUEDR N EREREF AN 7.00 125 19% {Plue extras. 1936; 45 sents 25% Natl Biscuit (1.60)_ Q