Evening Star Newspaper, May 11, 1937, Page 19

INANCIAL. LOSSES EXCEED ADVANGES ONCURB Declines of Fractions to $2 or More Remain in Slow Trading. By the Assoclated Press. NEW YORK, May 11.—Losses out- weighed gains in most active shares on the Curb Exchange today, but trading was slow. In late dealings, declines of fractions | to more than 2 points still showed in such issues as American Gas & Elec- tric. Lake Shore Mines, Brazilian Light & Traction, Newmont Mining, Pan- American Airways and Pittsburgh Plate Glass. Weakness in grains discouraged traders from playing for a rally. How- ever, yesterday's decline was followed by modest recoveries in Aluminum of America, Electric Bond & Share and United Gas. CURB BONDS Alum Co 5s '52 1053, Alum Co Ltd Am G s 10638 ( s '56 Can No Pw 5s ! Can Pac 6 t Cin Str R 5! Cities Svc D O4R 5 First Cot_M 55 Florida P&L 5 Gry E&G 5 Galineau ~Pw 10005 100 oot oo 1o Ton ‘|M' 10415 RN ,xm' 10735 1093 10 a0 ' 6s3) esal 10415 10405 10418 a0 103, mm 38 Bl s 4 3 56, A York Rwy Co 5s '37 FOREIGN Danish_Con 51,5 Denm Mt B Hanover Py SiD Banta F A" = ww—Wiih warsants. xw—Without war. #ants. n—New. st (stp)—Stamped §Negotiability impaired by maturity. 1Companies reported in receivership. FOREIGN EXCHANGES. NEW YORK. May 11 (P —Foreign ex- ehange firm: ‘Great Britain in dollars others in cents: Great Britain—Dem @414: cables. 4.041a; B0-day bills. 4 fi1n. AR cables. 4483 . cables. 5267, 16.8712% Germany. registered. 1980 54.99 Den 210: Suiizer te ortul fand: 10,01 via, i Austria, 9.80: Rumsnm 75 razil. R.K0U Tokio. 29.95. Hongl cnw :m 5. Montreal in New ND' York in Montreal. fl Anal. 1. ‘Shanghai, Mexico G NEW YORK SUGAR. NEW YORK, Mav 11 (P.—Raw sugar quiet and unchanged early today at 845 for spot with no sales reported. In futures No. 3 contract was steady on trade covering. but No. 4 was easler ‘under increased liquidation and selling by both domestic and foreign commission houses. influenced by the " easier market in Mo OR: 504 up to 2.51 and Septem. r from poing net Biener and was around the Best L at ‘mid- g8 as, At the lowest Fitn July 5 to 119 and Se 230: 10 1.8 1! of "1 ned was Unchanged at 480 for fine nnnumed with a little better inquiry reporte MONEY MARK.ET NEW YORK, May 11 (®.—Call money steady: 1 per’cent all dayi prime’ com: e Gpaper 1 per. centi time loans 250 dnys.”Th: months. stead. > 1% per cent: bankers acceptances unchanged: cdiscount Tate, New York Reserve Bank. per . BRITISH BUY GOLD. LONDON, May 11 (#).—The Bank of England prepared for the rush of ‘coronation business today with the purchase of 4,999,886 pounds sterling ‘worth of gold bullion—equal to almost $25,000,000—against which to issue crisp, new pound notes. . Electric Power & Light Corp.—Defi- cit .of parent company only, in 12 months ended January 31, wis $10,658, against deficit of $177,937. ‘ | Consol Biscutt 60c THE EVENING NEW YORK CURB MARKET By private wire direct to the Star. All time shown b on_which the Exchan Stock and Bales— Dividend Rate. Add 00. Alnsw'th MCb26c 8 16 15 Air DeviceCarp_. 82 84§ 334 Air (nvestors Inc.. 4 34 Alrinvinewar... 1 1 : Ala Pwr pt (6) 10s 66 66 Alum’n Co of Am 3800s 182 130 Alum (Am) pf (6) 60s 11634 116}§ Alumn Goods b256 8 17 17 Alum'n [rd (40c). B0s 8% 8% Aluminum Ltd.__750s 1083 100 Am Afrlines. Inc_. 28% 22 Am Beverage 2 234 Am Box B'd(b45c) 21% 21% AmCP&l Aww 363 36% Am CItP&L B a30c 83§ 8% Am Cynam B t60c 14 30} 29% Am Dis T NJ pf 7_. 258 127 127 Am & For Pw w 1 284 Am G&B (1.40) _ 9 32 Am G&E pf (6)___ 11 111 Am Gen C’p (a50c’ 13 1045 101§ Am Gen pf (234).. 258 393§ 893 Am Gen Cpf (2)_.100s 34% AmL&T (11.20). 1 20 Am Mfg Co (a3)_. 508 Am Maracatbo 5 Am Pot & Cha2y. 50s Am Superpower _ 15 Angostura (120¢). Arcturus Radio T. Ark Nat Gas . Ark NatGcupf._ Ark Nat Gas (A)_ Ashland O&R t40c ASEILtdb36 2-5_ ASSOG & B (A) .. Asso Laundries__. Asso Laund vte. Atlas Corp war.. Austin Stiver .. _ Auto Vot Mch 50¢ Baldw L bd rts(d) 32 Barlow&S(A)1.20 2008 Barfum Stain §tl_. 4 Bellanca Afrcraft. 1 Bell Afreraft_ 1 Berkey&Gay FCo 13 Berk&GF pur war Bickfords Inc 1.20 Bliss Co (B W) Blue Ridge (bl5c) Bower Roll B (2)_ Bowman-Biltmore Bowmn-Bilt 1st pt Bowmn-Bilt 2d pt. Brazil TL&P 40c_. Breeze C Incaf75c. Brid'p't Mch b25c. Brill Corp (A) Brill Corp pt 508 Brown Co pf - 8508 Brown F&W b30c_ 13 Bunker H&Sulln_. 2 Can Marcont 19 arib Synd (b50c). 87 Carnegle Metals _ 8 Carnation Co (1).. Carrier Corp Carter (JW) 80c_. Catlin Corp (adtic) Celanese 1t pf t7. 50 Celluloid Corp Cen Hud G&E xoc Cent P & Lt 7% pf (b3.065%) o Cent&S W Uul__ Cent States Elec . Cent St E17% pt_ Centrif Pipe t40c Chesebrough (14) Chi Flex Shaft (4) 5 Chi Rivet & Mach Childs Co pt Clties Service_ 96 Cities Service pf 5 Cit Sve P&L $6 pf. £0s Clty Auto S(t60c) City & Sub H 30c._. Clark Con (b30c)_ ‘laude Neon Lis . Clev E Il lum(t2)_ Club Aluminum__. Colon Dev Ltd Celts PFA b37 L,e Columb O&G b2 Solumbia Bic(f1)- Comwlth Edis t4_ Com'wlth & S war 1 Compo S M ste 11 ‘Cons Alrcraft 3 fa daviight saving is now operatins. High. Low. Close. 1 1 2 1 9 1 1 . 1 2 508 - 1008 2 2 2 7 2 9 5 1 Consol Cobper 23 CGELt&P Bo3.60 1 Consol Gas Ut Consol Ret S pf(8) 60 Consol Retatl Strs 1 Consol Steel Corp 8 Cont’l G&E pr pf 71008 Cooper Bessemer_ Cord Corp . __ Cosden Oil Me (d) Greole Petrol i0c. Crocker-Wh alc. Croft Brewing __. Crown Cent P afc. Crown Dr (b20c) . Crystal Ofl Ref___ Cuban Tob vtc__ Cuneo Press (2 Cust Mex Mining._ Darby Petr (60c). Dayton Rubber. .. Detrolt Gasket t1. Det (Mich) Stove. Det Stl Prod b2jc.. Domin S&C (1) Dow Chemical (3). Dubelier Condens. Duro Test (b10c) - EKag Pit Lead bl0c “ast'n G&F Asso Estn G&F Aspf3. 50s East GEF p pf ¢% 508 East'n States Pwr 1 East'n St Pw (A). 2 East'nStPw (B) 1 Economy G S b25¢ 1008 Eisler Kleo (ase). 1 Blec Bond & Share 62 ElecB&Spf (5)-. 1 ElecB&Spf (6).. 2 Elec P&L opt war. 1 Elec P&L 2d pf A_ 90s Elec Shareholding 1 Emp G&F 6% of Emp G&F 61; % pt Emp G&F 1% pf Emp G&F 8% p*. Equity Corp(a25e) Burop'n El bd rts_ Evans Wall Lead Evans Wall L pf Bxcello Air(b20c) Falstaff Br (31%) Ferro Enam b25c.. Kidelio Brewery Fire As(Phila.)t2. First NS 1stpf 7. Fisk Rubber ____ Ford Ltd a181-10c Ford (Can) A (1) Franklin Ray a60c Froedt't cv pf 1.20 200- Gen Alloys__ Gen Invest Corj Gen Teleph (b25c) Gen Tel cv pf (3) . Gen Tire & Rub Gilbe't(AC)a62%¢ 1 6 5 9 1 1 3 1 . 508 508 3 v 8 3 1 3 Gilbert(AC)pt 31 1008 Glen Alden C (t1) 2 Godchaux Sug(B) 2 Grand Natl Films. 2 Gray Tel PS(1).. 2 Grt A&P T n v t6 1308 Greenfield T & D Gulf Of] (Pa) b2k Hartman Tobacco. Hat Corp (B) 80c_ Hecla Mining b45e Hoe & Co. Inc (A) Horn & Hardart t2 Hudson BM&S (1) Humble O11 (1%). 1linois ZIne 1mp O1l Ltd t Ins Coof No A t2 IN’- IntlHy E1Scvpt 1 Intl Metals Inc A 50s Intl Petrolm t1%. Intl Utll (A) [rving Air Ch Ltal Sunmwr(A). Ttal Sup'pw d rts... Jacobs(FL)Cot1) Jeanette Glss a60c JerCen P&LDf 6% JersCen P&L pf € Jonas & Nbg blsc.. Jones&Laugb St1 KingsCo Lt pf BT Kings Co Lt ptD 6 Kingston Prod ¢0e Kirby Petrol (20¢) Klein (DE) (11) . Lake Sh M (t4)._. Lakey Fy & Mach. Lefcourt pf(a75¢) Leh Coal &N 30c... Leonard Of1 Lion Of] Ref (1).. Uit Brothers _ Lockheed Afreraft Lone Star Gas 80¢ Long island Ltg.. 504 | Quaker Oats (5)_._ 108 Btock and Sales— Dividend Rate. Add 00. High. Low. mou Long I Lpf A(7). RU. 793 19% La Land (400) ... 124 Loudon Packing.__ 4 Lucky Tiger t12c- 13 Ma,estic Ra&Tel_ 8¢ Mangel Stores _. ki Mangel St pf (5)_. 60 Margay Oil (1) __. 28% Marion Steam Sh_ 1534 sev Harris 114§ May Hos pf ww (4) 50s b5bg Mead Johnson(13) 80s 1153 Merritt Chap & S_. 2 6% Mesabi Iron _____ 3 Mex-Ohio Ofl.. 2% Mich Bumper C. 214 Mich Gas & Of1 ___ Midwest Oil (11)_. Midvale Co (b76¢) 100s Mining Co (Can).. 3 Molybdenum Corp 10 Mont Ward A (7). 120s Moore Distillery__ 2 Mount Prod (60c). 1 Nat Bella Hess __ Nat'l Contain’ab0c Nat Fuel Gas (1) Nat Leather NatP& Ltof (6). Nat Rub Mch a20o Nl! Service 1 4 1 i \nll Trnn‘ilt bfic Nat Union Radio Neisner Br pf (7). NeptuneM(A)as0o Nestle Le-Mur_ Nev-Calif Elec___. New Jer Zing (12) 5508 Newmont Min b76: 1 N Y & Hon (b75¢). 608 N Y Pw&Lt pf (6) 208 N Y Pw&Lt pf (7) 10s N ¥ Tel pf (6% ). 3268 Niag Hud Pwr new 25 Niag H P(A) war_ 11 Niagara HB war. 2 Niag Hud 1st (5)_ 1608 Niles Bm Pnd b50¢ 1 Nipissing (60c) . 7 Noma Eleo (b40c). ¢ NorthAmL&P_. 2 North AmL&P pf_200s No Am Ray A b50e North C T O (30¢c) Nortn'n Europ O1l. North States P A Northwest En b50¢ Ohio Ofl cu pt (6). Ohio Pwr pt (6) Oil Stks Ltd t40c. Okla Nat Gas Co.. Oldetyme Distil Overseas Sec 60c_. Pac G&E 18t (1%) Pac Tin spec (12)_160s Pan-Am Air (t1)_ 14 Pantepec Ofl . & Param’t Motors 2 Pennroad (azbe).. 8 Penna P& L pf(6) 808 Pevverell Mfx 16_ 308 Phoenix Secur____ 7 Phoenix Spf A(3). 1 Pierce Gov (blsc). 1 Pion'r G Ltd b30c_ 11 Pitney Bow (t4vc) 1 Plutsbgh Forging. 2z Pitts & L E b2% __160s Pitts Plate G (b1) Plough inc (1.20) . Powdrell&Al 1600. Pratt & Lamb (a2, Premiter Gold t1zo Producers Corp . Prosperity Ball Pub Svo Ind pf___ 20s Pub Sve Ind prpt 1 Pub S Nolll n p(3)100s 1073 1t 134 113 Py 9 294 38 6214 T8 L3 4y 95}4 135 873 381 263y 4 Y 203 10245 121 16% 10 3¢ 254 h 1 29 4 i 1124 1 87 6 14 623 106 1455 Ele] b 9i§ 51, 31y 37k 1075 1 134 1134 4 » [CROPYUreE-JUNVT I Rwy&Util Inv(A). 1 Reed K B new 180¢ 1 Reeves (Dan) §0c. 2 Relter-Foster 15 Root Petrolm b25c 1 Royal Type b7sc_. 4008 Kustless Ir&Stl__. 6 Ryan Consolid'd_. & Ryerson & Haynes 1 St Regis Paper _ 21 Samson Unitd C'p. 2 Savoy 01l 3 Schiff(The)Co(t3) 1 Scovill Mfg (b50c)360s . Scrant S B Wat pt 26s Sexal Lock & H.__ 6 Seiberling Rubber 2 Selby Shoe (1.60)_ 6us Selected indus __. 12 Sekind all cfs 6% 3508 Sel Ind pr pt (b3 )350s Seversky Aircrart 6 Shattuck Den Min. 1 Sherwin W pf (5).220s Sunmons Ha& P 1 Singer Mfg (16) .. 608 2 Solar Mfg (bl0c). 3 Sunctone C (aluc) Soss Mfg (50c)___. S0 Fenn Ul(TLlg). SoCal Ed pfC 1% South’'n P L b20c.. Southn Union Gas Southl'd Roy bl0c. Spencer Ch S b7dc Stand Cap&s 11.60 Stana reaging Stand Drev pf_ Stand O1l Ky (t1). Stand U141 Vhio T1. Stand Pwr & Lt__. Stand Prod (b25c) 8 Stana Su&Ld (¢c) 19 Stand Tube (B) _. 1 Std Whole P’h 1.20 508 StarrettCorp vie . 3 Sterl Alum (b25c) Sterl'g Brew Sterling, inc(zuc) Stinnes(Hugo)d_. Stroock & Co (2)-. Stutz Motor __ - Sunray Oil (bic) .. 1 Sunsnine Min (3). Superior Port C B. 26s Swisa-Am Elec pf 160s TaggartCorp____. & ‘Tastyeast(Del)A. 1 Technicolor a0e_. 16 Texon Ol & L 6lo. 2 Thew Shovel a50c 130s Todd Shipyd (12).160s Tonopah M (ac). 2 Lr-iux DPS 1200 Transwest Oil Co_. I'ri-Contl C war__. Tubize Chatillton._ Tung-Sol L pf 80¢c. Unit Gas Corp. Utd Gas war__ Unit Gas pf b3% _. Unit Lt & Pw (A). Unit Lt & Pw pf__ Unit Shipyds B___ Unit Shoe M 12% . 1008 Unit 8§ Mch pf£1.60 108 U S Foll (B) (1) U S & Intl Secur__ US&IS 18t pf b214. U S Lines pt U 8 Radiator. U 8 Rub Rac] = Unit Verde Ex (1) Unit Wall Paper Utllities P & L (4) Utllity Eq pf b4} Van Nor Ma b40c_. Venezuela Petrol_. Walker Mining Wayne Pump 50 W Va Coal & Coke Western Auto Sup Willson Prod (1) Wolver Tube b20e. Wright Harg reve Ygstn Steel D b1y L1 Y ukon Goldtal3c) 3 Dividend rates 1n dollars based on last Qquarterly or semi-annusi payment. nual rate—not including_ extras Cumulated dividends. a Paid b Paid this vear. d Companies reported as in bankruptcy or in receivership. or reorganized under the bankruptey Boks oo decurities assumed by such com- an! CARRIER PLI.\NS ISSUE TO BUY EQUIPMENT By the Associated Press. The Louisiana & Arkansas Railway asked the Interstate Commerce Com- mission today for authority to issue $475,000 of 3 per cent equipment trust certificates 1 1 3 2 1 3 2 2 2 a 2008 2 1 3 1 3 1 1 4 2 7 ;. 8 3 1 29 165 1634 64 - 2 ne on Bnmoronon & uRBBunrnne Of the total $400,000 series A cer- |. tificates would apply funds to help buy 150 box cars and 50 hopper cars costing $516,000. The $75,000 balance of series B certificates would be used for the pur- chase of three locomotives, eight bag- 8age cars and one combination bag- gage and mail car from the Landa Corp. which now leases the iquipment to the railwag, 3 | Cot Acountry Club STAR, WASHINGTON AIRWAYS PROFIT | DROPSTO 555,332 Pan-American Corp. Net for 1936 Compares With $1,193,732 in 1935. By the Associated Press. NEW YORK, May 11.—Pan-Amer- ican Airways Corp. and subsidiaries reported for 1936 net profit of $955,352, equal to $1.39 a share on 686,204 cap- ital shares outstanding, compared with $1,193,732, or $1.85 a share on 643,959 shares in 1935. Panhandle Eastern. Panhandle Eastern Pipeline Co. re- ported for 1936 consolidated net in- come of $1,711,185, compared with a loss of $326,054 in 1935. J. D. Crevel= ing, president, attributed the com- pany's improved operating results to general betterment of business and in- dustrial conditions, sub-normal tem- peratures early in the year and com= mencement of deliveries of natural gas under contract to Detroit City Gas Co. Columbia Pictures. Columbia Pictures Corp. reported for the March quarter consolidated net income of $559,583, before undistribut- ed profits taxes, equal after preferred aividends to $1.61 a share on 316,358 shares. This compares with $177,306, or 45 cents a share on 280,413, com- mon shares outstanding in the March, 1936, quarter. Snider Packing Corp. Snider Packing Corp. reported for the year ended March 31 net income of $563,065, including a non-recurring income of $48,698, equal to $2.68 a share on 210,000 capital shares. This | compares with $630,244, or $3 a share in the preceding period. The company packs food products and has plants in New York, Texas, Indiana and Illinois, Briggs Manufacturing. The Briggs Manufacturing Co. re- ported a net profit of $2,474,899.88 after depreciation and other charges | for the quarter ending March 31. In the corresponding period of 1936, the company reported net profit of $2,503,248. Continental Gas. Continental Gas & Electric Corp. reported for year ended December 31 nel income of $4.343,073, equal after | dividend requirements on 7 per cent prior preference stock to $14.09 a share on common stock. This com- pared with $3,194,275, or $8.74 a share, in 1935. Boeing Airplane, Boeing Airplane Co. and subsidiaries reported March quarter net profit of | $115.936, equal to 22 cents a share on capital stock, against net $41.469 in first quarter last year. Com- pany’s principal plant is at Seattle, Wash. Washix;gtor.l ‘F;;cliange SALES. City & Suburban 55—8$1,000 at 84!5 Potomac Electric Power 6% pfd. at 111, 10 at 112, AFTER CALL. Potomac Electric Power 5'; 5at 11114, Potomac Electric Power 6% at 1103, Bid and Asked Prices. BONDS. PUBLIC UTILITY. 5 % pfd— pfd.—2 | | Amer. Tel. & Tel Anacostia & Pot Cap. Traction R. R City & Suburban 5s | Wash. Ry. & Flec. 45_ MISCELLANEOUS Blas W. M. Cold Storage ds STOCKS. PUBLIC UTILITY. Tel. & Tel. (9) - 163% Transit Co. 10 W. Steamboat (8) 110 po( Eltr Pow. Se ptd (6)° 111 Po. 200 111 Wash: "Gas Lt 0) Wash: 85° &5 %om 1061 Wash. Ry. & El pfd. (5) 108% BANKS AND TRUST COMPANIES Amer. Sec. & Tr. Co._(e%)_ 201 300 Bank of Bethesda (h75) BT Capital (4) Com. & Savings a0’ 5 Amer. Aot Liberty’ Lincoln (1425 National Sav. & Trust 7 Pr. Georges Bk. & Tr. (.50) RIgRS (eR) 300 Riges pfd. (5) Washington (8) Wash. Loan & Tr. (eS) 2! FIRE INSURANCE. American (f) Corcoran 15) Firemen's (1.60) National Union (.60)" 1 TITLE INSURANCE Columbia (.30)_ Sia Real Estate (6) 17 MISCELLANEOUS Carpel Corp (2.00) 2 Lanston Monotype (t4) Lincoln Serv. com. (11.00) Lincoln Serv. pfd. 1 ) Mergenthaler Lino Peoples Dr. S. :nm Feoples Drue S Did al Est. M.&G. i Security 'storage () Ter. Ref. Wh. & Corp. (i Wdwd. & Loth, ‘com. (11.50) Wawa. & Loth: star 0% 118 TEx, Jividend. extra. o 25¢ paid June 30. 1836, 45c pald December 22, 1936. CHICAGO PRODUCE. CHICAGO, May 11 (@) —Poultry. live. 1 car. 4 trucks: hens about steads,; chick: ens firm: hens, over 5 pounds. 17Va; ounds and less. 19: Leghorn hers. 14'a ryers. colored. 24: Plymouth and White R : Plymouth sroilers, 20; Springs. ' col: 26; Plymouth Rock, 27 Leghorn roosters, ITP2: turkeys, hens.. 16: toms. 15: turkeys. 14: ducks. white and coloted, 473 pounds up. 16 small, 14 geese. 11 Ens i extra 0%: currert Va: cked extras. storage packed firsts, 22 Potatoes. 111; on 8. shipments. 64: supplies moderaty Sacked per owi. Tdaho Russet Burbanks U, No. 1. 2.55a75; Maire, Green Moun- 1.'2'20a30; U. 8. commer= i Wlscnnsln, round ‘whites. no sported. New 'stock weaker: plies moderate. demand moderaty Triumphs, AlabnmnNU. 8. N 0. Thostly 275 Calitormnia, White 3.30850 cwt. U.S. '}REASUBY POSITION. By the Associated Press. The Dosition of the Treasury May 8: Recelpts. ~ $17.64i U. 8. No. = 1.7 0. Rose, U. '8 No. 1. onth, 1 year, (since Juy i xpendjtures. .648. ncinamr WSS o excess of expenditu; s 0! ebt, 41540 8 decrease of $3.841.66 ST 45801084 of GRactive zold, NEW YORK PB,ODUCE NEW YORK May 11 (7 —Eets easler. “Mixed | colors, - siandards. Sats storage-packed frsts, Other mixed Prices unchang Buiter. 17.632: barely steady ery. firsis (8b-01 So onds (84-87) scores). (00 score). 3172 other prices unchanged. . Gol including %04 22%, ores Ya B knt) centialised loss of | | and yearit D. TUESDAY, —Scolo: 1=1,000,000 Cars MAY 11, 1937. of Each Year FINANCLIAL, Railroad Cars Loaded in the United States in the First 17 Weeks 12,053,880 Cars 10,445,720 Ca 80-Cent Dividend Voted on Common Of G. C. Murphy Co. By the Associated Press. NEW YORK, May 11.—G. C Murphy Co. announced a quarterly dividend today of 80 cents on the common stock, payable June 1 to stock of record May 21. Previous dividend was 65 cents paid March 1. Company operates variety chain stores, the majority of which are in Pennsylvania. FUEL OIL ADVANCED BY JERSEY STANDARD By the Assoctated Press. NEW YORK, May 11.—Standard Oil Co. of New Jersey, effective today, has advanced the terminal and tank car price of bunker “C" fuel oil by 15 cents a barrel to $1.35 a barrel at New York, Baltimore, Norfolk and Boston, | and to $1.30 a barrel at Charleston. It | lifted the price 5 cents a barrel to $1.05 at Baton Rouge and New Orleans, TRAVEL GAINS SHOWN BY AMERICAN AIRLINES By the Associated Press. NEW YORK, May 11 —American airlines reported today 8982029 rev- enue passenger miles flown in April, an increase of 46 per cent over that month last vear. Passengers carried total 21,698. or 30 per cent more than in April, 1936. INSURANCE STOCKS NEW YORK. Mav 11 (¥ —New York Security Dealers” Association Aetna Cas (2a) Aetna Ins (1 60 L e (R0a) (1 0m) - ins (405 Am Reserve tin) Conn Gen Life ('x0) Contin Cas (120 xd Fid & Dep (4) Gione Xmer 102 Hanover (1.60) Hartford Fire (2 Home Fire Sec Home Ins (Ja)_ Homestead (1)- Knickerbocker Lincoln Fire Maryland Cas Mass Bond (1'2) Natl Fire (2) Natl (80) -7 Liberty (208 Phoenix (- Prov Wash *Paul Fire (1 FE) Ro: St Springfield Life Wertchester (1.208) aAlso extra or extras &Declared or paid so far this year. CHICAGO LIVE STOCK. CHICAGO, May 11 (® (United Stat Department - of Agriculture).——Hogs. 000. including 4.000 direct: steady with Monday's average. e une dertone weak to 10 lower; bulk. good and ad0: top: nds, 0.8 250 pounds, strong- cholce.” 200-300 : comparable. mostly: bulk, good, packing sows, 9.6080; veight pigs Ui ¢ WeGte, “6.500: calves. 3.000; s mostly steady: pounds. 150-190 350 choice, fed steers medium to £00d “grade light steers and'yearlings as much as 25 higher for the week to date; fed heifers also firm. all light-weight ca tle getting rather good demand: medium weights and weighty bullocks slow, steady: shipper demand continued narrow’: largely 9.50a11.50 markef, with sprinkling at 10a13.00: best ' steers held ~ around : stockers and feeders dull: South= western *_calves and vearlings selling at R.30a9 bulls weak, 10a15 lower for best ' sausage offerings 25 or more lower; bulk crop. .00a9.00. including 500 direct: fat lambs active: mostly steady: Spring lambs bulk '®ood to choice wooled Colo- d “lambs, ; 1050 to shippers: s 35 according to quality and ‘weight; sheep steady: bulk, shorn ewes. 5.00 down. 9.50: 4.000, SHORT-TERM SECURITIES. (Reported by Chas. D. mmgdu Coer Am. Tel. & 5135 1943 i Alburn Alito Go- 4348 1430 Californa Packing 68 194 Garo., Clintd. & 0,5 1 Edlsnn P Illum Nas] 0 i - 4: 1040 e R RN, 3% 5 1ha0 & Normern 4125 1030 8t. L. § Werteon NOF. & P, 45 Western Union Tel- 55 193 U s TB.EASU’BY ](OTES NE! —Prices nuated in dolhrl e mm-mnu. %, Month. | Year. 3Y 3 Feb.. ) 2 & 3 222 52 Mar.. 19 June, 194 s Dec., 194 Cheese, 44! i steady and unchan Live "poultry. by _express, _irregu Broilers, Reds, 14-21; crosses, golored 20-217. 13, Sther expres; pouliry unch PHILADELPHIA PRODUCE. ILADELPHIA, Pa. May, xzém.—uu PHI ultry. fowls. Red broiler, mDruufl ‘poultry unch: LOREE IS ABSENT AT D. & H. MEETING Slight Cold Keeps Veteran Head Away for First Time in Thirty Years. Bs the Associated Press. NEW YORK, May 11.—Leonor F. Loree, veteran head of Delaware & Hudson Co., set a record today by being absent from the annual stock- holders’ meeting. Some of the older shareholders said it was the first meeting Loree missed since he became president of the rail- road holding company 30 years ago. Fellow officers said he was confined to his home with a slight cold. He is nearing his 80th year, and his heatlh has not been of the best dur- ing the last year or so. In Loree's place. his son, J. Taber Loree. D. & H. vice president, and | F. W. Leamy, also a vice president, | | presided In answer to a stockholders’ ques- tion regarding dividend prospects, J Tabor Loree said everythinz depended on dividend action by New York Cen- tral, of which D. & H. owns more than 400.000 shares. The management, Loree added, has ! no present intention of selling any of its holdings of Centr: of lhe\ original investment, 85.000 shares were | disposed of a few months ago to raise funds for a maturing bond issue. |BANK DEBITS DROP | BELOW MARK YEAR AGO By the Associated Press. NEW YORK, May 11.—Withdrawals from individual and corporation bank | accounts in the latest week dropped | below the total a year ago for the first time in recent months, although up 13 per cent over the preceding week.| Financial quarters pointed out the| total in 1936 was considerably above | average, Bank debits reported by Federal | Reserve members in 273 leading cities | compared as follows Week ended May 5.___ $9.874.176,000 | Previous week Same period last year Federal Mining & Smelting o.— March quarter net income hefore de- preciation, depletion and Federal taxes was 3928054 agmnsn 81690A2 Property Management OU can be relieved of all the work and worry incidental to the management of your apartment house and residential properties if you place them in charge of our Property Manage- ment Department with its effi- cient organization and long ex- perience. B. F. SAUL CO. 925 15th St. Nat'l 2100 8,720.490.000 | 10,442,535,000 | $40,600,000 Paid In Taxes Levied on Imported Goods| By the Associated Press. The Tariff Commission reported today the national Treasury re- ceived $40,600,000 last year in excise and processing taxes levied on im- ported materials. The yield amounted to $28,800,000 all import excise taxes. Forty per cent of the processing taxes was col- lected on coconut oils derived from Philippine materials. The commission said accumulated taxes to be refunded to the island Government at the end of the year totaled $42,940,000. Gross revenues yielded in 1936 by import excise taxes on petroleum and its products were $7,900,000; on coal and related fuels, $969.000: on lum- ber, $946.000: on copper. $1,247,000, and on oils and fats, $726,000., PLANT TO BE REOPENED MADISON. Ill, May 11 order for 1,000 freight cars from the Union Pacific Railroad will enable the American Car & Foundry Co. to re- open its Madison plant on a large | scale for the first time in seven years, S. S. Eagle, district manager, said to- day. GLIDDEN SALES SOAR. NEW YORK, May 11 (#,.—Sales of Glidden Co. 821, the largest for any month in the company’s history, and compared with in processing taxes on oils and fats| and slightly less than $11,800,000 in |9 (P).—An | in April were $5,314,- ! *¥¥ A—19 DEPOSITS DECLINE SHARPLY N WEEK Inter-Bank Accounts Sag as Result of Higher Re- quirements, By the Assoctated Press. The Federal Reserve Board reported 8 $213,000,000 decline in interbank deposits in banks in 101 leading citiex. This, informed persons said, probably was due to the May 1 adjustment of banks to higher reserve requirements. Other domestic deposits also dropped. Demand deposits decreased $39,000,000 to $15,349,000,000, time deposits fell $9,000,000 to $5,149,000,- 000 and Treasury deposits decreaaed $39,000,000 to $233,000,000. The interbank deposits went down to $5,224,000,000. Meanwhile, net loans and investe ments increased $38,000,000 to $22.« 240,000,000. Changes in loans and investments included the following: United States securities declined $36,000,000 to $8,334,000,000; loans to brokers increased $44,000,000 to $1,341,000,000 and loans to commerce, industry and agriculture increased $14,000,000 to $4,472,000,000. Reserves of the 101 banks declined $118,000,000 to $£,307,000,000. rd's 101 city member Dank con- ment gave the follo 1ges for the week "und with the same week last year, in millions of dollars: | Loans to broke: In, New Yo securi- others banks) 2, Acceptances and per bought Loans on real es- tate Loans to banks ber loans U. 8. Government direct obiiga- tions Obligations fully guaranteed by U Govern- ment Other securities Reserve with Fe Cash in vault Balances with do- tic banks deposit adusted 1 Time deposits U. 6. Government deposit Interbank deposits omestic_banks 5.2 Forelgn banks Borrowings Z OFFICE FURNITURE WE SELL, BUY OR EXCHANGE Desks Steel Fi Tables Steel Cnhmell Chairs Safes BAUM'S FURNITURE HOUSE 1416 Eye 8t. N.W. NA. 2184 REAL ESTATE LOANS 5% RESIDENCE and D. Joyce, president, stated. people. prefer. S.W. Branch, Booklets Mortgage Loans be had 300 Pennsylvania Ave. S. E. $3,854,999 in April last vear, Adrian | corering SMALL BUSINESS FRED T. NESBIT PROPERTIES, 1010 VERMONT AVE. DISTRICT 9392 TURN ABOUT IS FAIR PLAY! R some time our advertisements in this newspaper have been devoted to questions that are being asked about banking, together with brief answers. The comments we have received show that these questions and an- swers have been read with interest by many This week we would like to turn the tables and ask you a question:— “How can this bank improve its service to you and the community?”’ We would like your answer to this ques- tion for it will help us to render still better service to you and to the community. Our success, as you no doubt realize, depends, to a large extent, upon the satisfactory manner in which we serve our customers. Drop in the bank and give us your answer. Or, if it is more convenient, write us a note. You need not even sign your name if you McLachlen Banking Corporation Since 1891 TENTH AND G STREETS, N. W. 12th and Maryland Ave. SW. Member Federal Deposit Insurance Corporation this series, upon request.] American Building Assoriation c/{pplicctions invited for LOANS on improved real estate in Washington and Arlington County, Vir- ginia. Rates and terms commen- surate with security of- fered. No Commissions. No Renewals. Before you refinance, build or remodel—See us. The American has been helping the people of Washingtonto ac quire homes for the past 63 years. $9,700,000