Evening Star Newspaper, May 12, 1937, Page 18

A—18 #xx FINANCIAL. THE EVENING STAR, WASHINGTON, D. C., WEDNESDAY, MAY 12, 1937. FINANCIAL e VTN GROUPTOATIEND TRANSACTIONS ON THE NEW YORK STOCK EXCHANGESIS RRECULAR By Private Wire Direct to The Star. Prev, 1937 Stock and Bales— Prev 1937 Btock and Prev. 1937 Stock and Bales— Net All New York markets are now on daylight . Tow. Dwidend Rate. _ AQh 60, Jeh. Low. Close. enge. | Hign. Low. Dividend Rate. 4350, High. Low, Close. chee. | Highe tow. _ Divuread mots, Add 00. High. Low. Close. chge. ;F:L 1037 ms::;"algdz E;:!:)FH] U I; 108% 99 Crown Zellcupf(5) x 3 1% 101 101 + %| 13% 84 Martin-Parry._ = 1 8% 8% 8% 1 42% 23 Sharon St,:;l (11.20) 11 32 82 32 —% gh. Low. vidend Rate gh. Low. Close. chge. | 813 C 3 315 6315 — 5 —-1% % Sharpe& Dohme __. 14 11% 11 11 — ' 85 48% AbbOCt Lab (11.60). 8 mm s i | Bl 51\9 lézlg;flél: Slee}. 634 63 6315 — | T4 55 Masonite (t1) : ) 2 1 - % 37 127 Shattuck F G (60 3 Y 4 1% 13 k 41% 35% Mathieson Alk (11) + % i) e). 14 14 14 o 5 = o] 2 43 381 Cudahy Pkg (234) 1 39 39 — 1| 15% 10% Maytag Co (a50c)._ 25% Shell Un Ofl (a25c). 10 2 28% + ; ) o iy anco R Imely = S SROY oLy 20% 131, Curtis Publishin, 20 12% 13 — % | 111 106% Maytag 1st pt (6) + % 102 Shell UnOilpt6%_. 2 104 104 ] ] At Least Nine From Capital | 53¢ 65 Alr Reduction (t1)_ 6 2% 109% 921, Curtis Pub pt (12 -8 91 911 — % | 101 9315 Mead Corp pf (6) 2270 1244 Stlver King (b2Ge).. 1 14 13w — i Rallying Power Disappears LB e Z L Bt Curtiss-Wrigne . 89 B 5% = x| 804 Ton Melville Shos (15)_ % 4223 Simmons Co (b30c). & 43 1 3 i i 5% 3 e 23% 1814 Curtiss-W (A)a50c. _7 18% 18% — | 16% 11% MengelCo = 348 1 - Banks Will Receive A, B. A, st 3 Alleshuny Corp 2 13 A6 73" CushomanSufat.- Gbs 74 74 4. | 4% 41 Mengel1stp 42 Skelly Oil (b30e) - 2 After Early Advance P 39 . 433 Allep ot “'"’ el 90% 76 Cutler-Ham (b50c). 1 % 6 26% 14% Miami Copper . + % 274 Smith & Cor ctfs(1). 1 Led by Rail Tramlng. 824 4;,“‘":{“50;";’:‘! - : %R"J 141 Davesa Stores(t1), 2 14% 1414 lzs% 28% Mid-Cont Pet (b50c) —lt fé:agggenl;?‘l;zc(?gz‘lgg;. 5'; ea by Rails. - R 4 19 Davega cum pf 1% — 1 19% 19% + % 20 100 Minn-Hon Ros (2) .. =5 “ -Va - BY EDWARD C. STONE. o Sedionemi(8)CS 3 1375 104% Deero&Co - 3 132 132 16% 11 Minn Moline Pow _. —%| 6% 3%SouthAmG&P30e. 8 At least nine Washington bankers| 511 Jain Allied Aszof.zfm’zo:}‘ 1; 31% 29 Deere&Copf140_. 4 29 29% + %| 101 88% Minn Moline Pw pf. ' +1% l:::'q 134 South Port suz('m 5‘4 Stock Avt’ragcs Will be among the nearly 600 students | 8313 60 Allis-Chaim (veon). 52 29 20 Deisel-Wem-G(t1). 1 21 21 —%| 2% 1% MStP&SS Marfe__ 3|1 255,, AL SouBcrtoRisinei(8) 3 enrolling in the American Bankers'| 8% 47 Amal Leather i 5%% 4244 Delawarg & Hudson. 7 Lo e e sevl etai b e P LR R iation' = 24'a 174 Del Lack & West __ 9 4 Mission Corp (a45¢ + 1% b 2 - 3 Assoclation’s Greduate School of | 62l 341 Amal Leath pt @)= 10% 64 Den& RGW pecdry. o 67 Mb Ea & et 43% 24 SouthernRy.. ..o 18 ot change Banking which opens at Rutgers| 114% 95 AmeradaCorp(2).. 2 14612119 Detroit Edison (t4). 4 24% Mo Kans & Tex pf A. — %| 60 45 Southern Ry pf. 6 9 University on June 2, it was learned | Al 237 Am Bank Note (11). 14 24 224 2215 —1%| 151} e 1 815 Spalding (A G) 3 Today, close 450 '4‘3 4 673 93 Det & Mackinac. 290s 3 Mo Pacifie (d) . _ r - A Cind L3 Prev. day... 452 428 674 in the financial district today. gf;;: 2?». o g:.’::‘;hv(f"z") 210w 52 8l &1 71 | 365 301 Diamond Match (f1. 5 7 Mo Pacific pf (d) K| 94 ok gpuks'cwnhh:s(- S Month ago. 953 460 463 706 o 9 Ve S ¢ b= il Hulbert T. Bisselle, assistant cash- | 160 " 125 Am Brake Shof 6%. 508 127 157 195~ 25| 4o 3¢ Diamond Mpf(tin) 2 304 Mohawk Carp(1.20) c o D awrea fer, and R. Earle Haycock, auditor| 121 97% Am Can (t4) _ of the Riggs National Bank, will re-| 174 152% Am Can pf (7) . 18 Diamond T Mot b2ie 1 85 Monsanto Ch(11.60) = 6 100% 100 100% + 35 29 20'% Distil Corp Seag .. 12 21% 21% + | 69 51% Montg Ward (12)__, | 28 Year ago_._ 198 328 436 590 1937 high 495 540 153 21% Spiegel, Inc (1) 14 12% St“d Brands(t80c) 32 3 ) 8 T 146.9 1539 18431577 ond semester and graduate in the 2% 244 241 1732 15 Duplan Silk (1).. 27% Munstngwear (3) - 1155% 155% 155! +1'2| 41% 39 Dixie Vortex A 2 208 39 6615 60 Morris & Esx (37% ). 814 Stand Gas & E1 (d). 32 Th Ta— % low___ 89.6 378 424 662 turn to the school and complete their | 71 51 Am Car & Fy (b2ic) 6 53ls — % “;x: 36% Doehler Die Cast(2) 5 39% 39% +1% 315 1% Mother Lode al214a. 19 Stand G&E $4 pf(d). 20 5 435 537 728 courses at the coming semester. Ken- 87 AmCar &Fy pt(bs) 2 9l +1 12% 10 Dominion Stores._.. 1 10% 10% 26 20% Motor Wheel (1.60)_ 421 Stand GEE $6 pf(d). 2 302 434 55.7 neth F. Brooks, trust officer in the T g’;l'g:‘lfp? B 2R 89 89 —I%| 77 49% Douglas Atrerate’ . 11 52 52 + | 54 41 Mueller Brass (t1)_ 49% Stand GRE 37 pt(d). 6 87 239 169 5 % - 3 % — % 8% 4, Di s 2 27% Mulli 50¢) .aa 27 Stand Inv Corp__ 3 same bank, will enroll for his sec 2414 Am Comcl Al 8606 2 ol 4 4% Dunhill Internatl 2 % Mullins B (a! » Stal nv D. 4 42% Stand Oil Calif(t1). 18 2512 Am Crystal Sug b2._. : : 284% 2T% 27% — % | 180 14815 Du Pont (b75c) ? 516 953 613 618 10 13t Murray Corp(a50c)- 431 Stand Oil Ind (11) 18 2 2 class of 1938. 9413 Am Crys S 1st pf 6_ =1 | 115112 Duauesne 1st (5) 408 17% Nash Kelv (1) _ - 64 Stand OIl N J (t1) 40 | New 1937 low. Daniel J. Callahan, jr., an assist- §l' Am Encaustic . ____ 175% 151 Eastman Kodak(6). 5 18% Natl Acme (a75¢) . - 6315 Sterling Prod 13.80_ | (Compiled by the Assoclated Press.) ant cashier at Riggs, and Charles T. i fi:fifi?&i"s‘;w; 163 150 Eastman Kod pf(6). 20s 12% Natl Aviation (a1)_. 17% Stewart-Warn t50c. “ 12 Akre, assistant to the trust officer in the same institution, will enter the school for the first time. Other ‘Washington bank officers, either en- tering or returning to the school, in- 37% 31% Eaton Mfg (2) 20 16 11% Eitington-Schild 29 21% El Paso Nat G 1.60_. 11 45%% 34% Elec Auto Lt t2.40_. 10 16 10% Elec Boat (a60c) _ 1 25% Natl Biscuit (1.60) _ 257 Natl Bond & In 1.44. 29% Natl Cash Reg (1) . 22 Natl Dairy Prd 1.20. 17'4 Natl Dept Stores _.. 20% Am & For Pw 2d pf_ 1614 Am Hawaiian (1) _. 63 Am Hide & Leather. 42 Am Home Pr 12.40__ 25 Am lce 214 Stone & Web(a25c). 1314 Studebaker Corp. 68 Sun Oil (11) 119 Sun Oil pf (6) s Superior Of1 BY VICTOR EUBANK. Associated Press Financial Writer NEW YORK, May 12 —Rallyirz I power faded from the stock marke: A e - T4 (s Elec&Mus I (a1fc) ql 67 Natl Dept Strs pf Superior Steel .__ today after selected issues, led by tie i A = 26 “ Elec Pow & Ligkt _ 35 35 27% Natl Distillers(12)_ 3215 Sutherl. 1 L w0z ig‘sfiflwalg::“kb?ngi{fg:;‘l“s;::z? 174 13% Am Interntl a400)_ 4415 38 Elec Storage Bat (4) 1 39" 39 % W| 13w 1% NatlCermn e S m',',mhad SRR Inctonr s o e eeident and | 1557 |43 Am Locomotive 2 1 Elk HornCoal (d).. 8 1% 1%+ | 44 31% Natl Lead (150c) - 30 Swift Internatl (2) - [ COIBE M e S (e VICeDn and| 12>, 198 AmLoco pf (a3)_ 8 4 Elk Horn Cl pf () 9 4% 4% — | 61% 48 Natl Mall &S C b50e 161« Symington ww bl0c. While an assortment of favorites treasurer, Washington Loan & Trust ;.-v- 2;‘« Am Mach & F (11) _. 5512 Endicott-John (3) 1 563 — % Natl Pw & Lt (60¢). 12% Symington xw bl0c. held sizable portions of their advancc Co; Ralph Endicott, assistant treas-| 13 9 Am Mach& Met 60c. «Erie R R 6 18% + ' 4 Natl Ry Mex 2d pf__ 50 Talcott (J) pf +2% _ to the finish, moderate losses in the urer, and Vincent A. Sheehy, jr., as-| ©5% sz- Am Metals (b25¢) _ Erie R R 1st pf. 4 27T + % Natl Steel (12%)_.. 67x Telautograph(60c)- | final hour were well distributed sistant trust officer, both connected [ 1o, 6% Am ’g:;’:r‘g&’;{) Erie R R 2d pf 122 sl _ Natl Supply Co ___. “ Tenn Corp (al5c)_ throughout the list with an assortment with the Washington Loan & Trust| b0 oot g Eureka Vac (80¢)_. 2 10% 10 - % Natomas (180c) ___ Texas Corp (2) ; e viter 7213 51's Am Pw & Lt pf (5)_ Evans Prod (11) 5 2% 27 - New Orl T&M (d) of new lows for the year in evidence Co., have enrolled for the coming ses- | &7ix 591; Am Pw & Lt oL (8).. A d | Texas Gulf PraSc 4 (b Fairbanks Co._ 6008 4% 3% + U Newport (nd(b50c)_ 2 Texas Gulf Sul (12) 1t was one of the most apathetic ss- B j’,:,j Ao 100es Fairbanks Co pf____ 13908 2774 25 1% 4N Y Afr Brake (al)_ Tex Pac C&O bl0c . sions of the past 12 months, t As enrollments for the year's work | o 41 Am Shipbldg (2). Federal Lt & Trac - 19% T+ N Y Centra 49% + 1 Texas P L T (allc). do not close until May 20, it is Pos-| 10ss Federal Motor(40¢). NYChi&StL_ amounting to only about 814 Am Smelt & Ref (3 - Thermoid Co RrE e E 8413 + 1y e ol N'Y OB & SeT vt % shares. Except for a hitle activity in sible other Capital bankers may also | 1071x 105 = Am Sm & Ref pt(§) e = B NYO Thomps'n Prod bito peri i tape did 5 o g 3% =% h City 8 E the opening period, the ticker tape did sign for the course. As the list now 105 27 82 105 27 32 10 Fed Water Sve A _ N Y City Omnibu. Thompson Starrett. P ar Fed’'d Dept Str(2) _ Fed'ted Dep S pf 41 Fidel Phoenix t1.60. Firestone T&R (2) Flintkote Co (1) _. Follansbee Bros(d). Foster-Wheeler « Freeport Sulph (1) Fuller Coprpf_____ Gar Wood Ind afc.. Gen Am Inv(a75c) Gen Am Trans (a3). Gen Baking (160¢) Gen Bronze ___ Gen Electric (b40¢). Gen Foods (2) ____. Gen Gas & Elec(A)- Gen Mills (3) _ __ Gen Motors (h11,) _.x 4 Gen Motors pf (5) . Gen Outdoor Adv . _. Gen Print Ink new _ Gen Prat Ink pf(6)_ 108 Gen Pub Service __. 5% N Y City Omnib p w. NY Dock N Y Dock pf N Y Investors (d) - NY NH&H (d) NY NH & Hpf (d N Y Shipbuilding l')‘ N Y Steam pf (6) 1001, Norfolk South (d) .. 3 2% 2% Norfolk & W'n (10). 2 2475 247 Norf & W pf (4) 108 106 106 North Am Aviatiol 5 11% North Am Co(b30c). 23% North Am Co pf (3). 54 Northern Pacific Norwalk Tire & R Ohio Oil (b50c) 2 Oliver Farm Equip. Omnibus Corp vtc.. Oppenheim Collins. Otis Elev (60c) _ Otis Elev pf (6) 2 Otis Steel Outboard Mot b stands, the city will have the largest representation to date. 13812 Am Sm & Ref pf(7). 59 Am Snuff (13)_ _ 5115 Am Steel Fdry (b1). 2l Am Stl Frts May 15 London Methods Outlined. 1091; Am Steel F pf (7) 20 Am Stores (2) “Settlement days” on the London Stock Exchange have recently aroused | 522 20 great interest among traders in all | ;33 ']g“,;:: ’Sl‘z;n&T'x?EL(('sl)) American markets, brokerage offices| "99 78 Am Tobacco 5) . in the Capital having been swamped % 801, Am Tobacco B (5).. with questions regarding the wide | 1503 12813 Am Tobacco ptf (6)_. difference in methods of trading here 52‘- 12]‘! Am Type Founders_ and abroad. The Washington office | 29'% 18!« Am Water W (80c)_ 143 915 Am Woolen . ___ - of Laidlaw & Co., G. Bowie Chipman, | o 6% Am Zinc & Lead . - manager, has been distributing a brief | 793, 441 Am Zinc&L prpf(5) description, prepared in London, of | 69'; 4814 Anaconda Cop (11). the methods by which security trans- [ 25% 18 Ax;:r‘x{:,rPCan (60c) he British 5% A aper - actions are settled on t 1 40 Archer-Dan-M(f5) exchange. 7 ‘. R rant 7 Armour of 111(b35c) During the year, there are 24 trad- s Armstrong Cork(2). ing or “account” periods on the Lon- 10'¢ Artloom Corp don Stock Exchange. Twenty of e no more than crawl i «| Such buying as appeared was a'- “|tributed principally to in-and-n.t "lmdvr\ who sought to ca ! profits on the theory a technical tirs- | about was due because of the recent | sharp setback. News generally was without par- |ticular stimulation and brokerage iquar't‘rs found the majority of | customers inclined to mark time. | Steels followed the rails for a t as did several rubbers. oils and cialties. Most gave ground in the c cluding period Farm implements and utilities sa | on the rear platform the greater par ! of the day. Santa Fe shares, up over 2 ‘morning, fell back. Re: ide Wat As Ol 80c Timken-Detroit(11) Timk'n-Roll Brg(3) Transamerica t40c . Trans Wst Alral Tri-Contl (aslc) Truax-Traer(b2ic) - 3% 20th Cent Fox b50c . '« 20th Cent F pf(133). Twin Coach (bléc) . 7'3 Und-Ell-Fisher (3). Union Bag & P (2) .. Union Carb (3.20) _ Union Oil(Calif)1.20 Union Pacific (6) Union Pacific pf(4). Union Tnk Car 1.60. Utd Aircraft(as0c). Utd Air Lines a20c.. Utd Biscuit (1.60) .. Utd Biscuit pf (7) Utd Carbon (4) - Unit-Carr Fast(12). eir 153 Assoc Dry Goods _ 1 Utd Corp (azle) s Sikes 4 Gen Ry Signal (1)_. 11 Owens-111 Glass (3), UtaGob DET). lantic Coast Line, W these periods cover two weeks each o A O) Gen Realty & Utl - 15 Pacific Coast . __ e f,’:.g((b) .. Brake, New York Cer and four of them cover three weeks SR ‘;(-5))~~ sen Refract (a3%). 2 Pacific Coast 1st pf_ Utd Dyewood (1) “| vania. Southern Pacific Gre each. Settlements are fixed for alter- L Gen Stecl Castpf 303 Pac Finance(11.80). A E ; St 4 44'% Atl Coast Line(a1)- = 2 2 nce Utd Elec Coal «| ern, Northern Pacific nearest the middle Atl Gulf & Wst Ind Gillette S Raz (t1)_ 5 Pac Gas & Elec (2) Unit E1C rts May 14 + | Steel. Rept r S Gillette S R pt (5) 3 Pac Lighting (3) : - KUl AUGE&W lwi(aJ) Gimbel Bros 24 Pac Mills (b30c) i Auto-lite, United States Each settlement lasts four days of 291 Atl Refining (1) e o PacDeTe ey Utd Caslmp) (1) "¢ Montgomery Ward, Douglas . ¢, called “contanzo” | 116% 1097 Atl Refin pt (4. paagen Lo : ag Tolblells) Unit Paper'bd bioc ol oo e Which the first day, called “contango” | 1161 1097 AtL R PADIpH Gobel (Adolf)_ 2 Pac West Oll(ab5e). U S & For'n Secur. . 1+ American Telephone DE - tuaks M day, s devoten o e D s Goebel Brew (120c). 1 « Packard Mot (b15c) U S Freight (t1) A of New Je preparation of accounts. By this day 9% 6% Aviation Corp Del. . Goodrich (BF) bi0c. 14 Pan Am Pet (a60c) . U S Gypsum (12) _. ., Corp.. Westi us llied Chemical buyers and sellers must notifv their e 5 913 Goodrich pf (5) 1 Panhandle P& R __ U S Indus Alcohol Borg-Warner, Lcew's Continenta, 11% 6% Baldwin Loco (d) _ Goodyear T& RbI_. 13 3 R pf b « Borg-Warner, lenta brokers whether or not they wish to| 120 = 6% Baldwin L o % e Fanhandle E&Rpe 6% US Leather vtc. Can and Eastman Kodak b 863 win Loco pf(d). Goodyear cu pf(5) + Paramount Pic 1 53 US Pipe & Fdry (3) : Sl ok complete their transactions by accept- 913 51, Baldwin asd (d) .. 4 Goodyear 2d pf(7) & 1st pf () 5 o S =D IV &)= ¢ New 1937 bottoms were scraped b ing and paying for the securities that | 40’3 Baltimore & Ohfo Graham:Palzer 2 Paramnt 1st p 11% U S Realty & Imp_. . Paramnt 24 pf 60c. Park Utah . __ Parke Davis (bl) Parker Rust (t1%). Parmelee Trans __. Pathe Film Corp have been bought and delivering the : . 3;‘ 'fi:;‘;m",{ifi (()hsz A J 5 or & Ar (235 securities that have been sold. 43% 31 Barber Co (b23c). Market's Position Revealed. 354 26'% Barnsdall (1) . 114 1115 Bayuk 1st pf (7 If, however, short sellers are in a 103,‘1“1;: Beate anivl)S) | Western Union. Woolworth. Americar Tobacco “B." American Water Wi . | and Penick & Ford About unchanged or in the slipping { division were General Motors, Yellow 72% 441 U S Rubber___ — % | 118 8% US Rubber 1st pf_. = % | 126'3 75 U S Steel_ 150 135% U S Steel p: 136 124 U S Tobaeco ( ranby Cons._ Grand Union ctfs nd Union pf b114 LOWT) (1.40) Northern pf ___ £ y 9% 6% Unit Stk Yds (50) i 1 \ 4 5 &7 P Grt Northn Ore (1) Patino Mines(160¢). 2 81 %6 TT ¢ Truck. Bethlehem Steel, Re) majority and the demand for shares is 81 Belgian NR pf(3.24) Grt West Sug 12.40 2 Hi 44 UtniStores (A)— | Goodyear. Gimbel, Oliver Farm, B keen, the sellers may be forced to pay | ‘.n', 20" Bendix Aviat'n bsoc pau g EeerlessGorp. -l 4% 2} Utl) Pw&Lt (A)(@). i Cmbel Oliter Famm, Grt Wst Sug pf(7) . Green H L (11.60) . Greyhound (180¢c) . irevhound pf(55¢) Guantanamo Sug__ Gulf Mobile & N . _. 2> Gulf Mobile & N pf_ Hall W F Print __. Hanna (MA) pf(5) - Hat Corp of Am 80c. Hayes Body = Hecker Prod (60c)-. Hercules Pdr pf(6)- Holland Fur(al3). a premium known as “backwardation” | 23% 20% Benef Ind Ln (b95c) that accrues to those who are willing | 105% 73 Bethlehem Steel(bl. t0 lend their stoc [ o miE R e pthE “Contango day” is generally said | '5g° 28 Prachs Deck tiod to reveal the tec al position of the | 22 Blaw Knox (b20c) market, since it shows whether the < Boeing Airplane long or short interest predominates. 4075 Bohn Alum & B(3) _. The second and third days of the | 41% Bon Ami (B) (2%) .. gettlement are “ticket days.” when, 2412 Borden Co (1.60) . with the aid of the Stock Exchange SEaDoms Waine Settlement Department, often referred ek to as the Stock Exchange Clearing l"enick&l-ordfi?)_ Penney JC) (4) ___ Penn Dixie Cement Pa Glass S ctfs asle Penn Raiiroad (a2 Peoples Gas Cht Pere Marquette Pere Marqpf ___ 167 Petrol Corp(A) bi0cx 9% Pfeiffer Brew béic._ 463 Phelps Dodge hSoc 44 Phila Co 6% pf (3)_. 1% Phila& Read C& 1 491: Phillips Petrol'm 12 | ing. Skelly Oil. Ohio O1l. Contine | Oil. Consolidated Edison. North | ican. Electric Power & Light, Ana | conda and General Electric. NEW YORK COTTON | 2% 1% Vadsco Sales Corp_. ¢| 584, 48 Vadsco Sales Cpf_ 39% 26 Vanadium Corp .. 4434 Van Raalte (h13) _ Vick Chemical (12). Va-Car Chemical .__ Va-Car Chem 6% pf Va El & Pw ot (6) Wabash (4) ____ Vrabash pf (A)(d) ‘Walgreen Co (2) Walker (H) (2)._. Walworth Co_ . - - 3 ) BN B o— T e nT A the Assoclated Press. EW YORK, May 12 —Favorahle ;| weather in 3 | rm' furv,hf'r 2% Botany Mines A (d). 15 Bridgept Brss(60c_. B 00 20 0 B = 0D 1 e n : 3 : Ward Baking (A)- el Bn s clearance are arranged. Tickets are | 437 Briggs & Strat (3)_. . 5 - - Warner Bros Pict. . RO t ts in w gr ssed from broker to broker until th 41 Bristol-Myrs 12.40 L ) ElbaerniConl Warner-Quinian (d) “|for the movement trading ta fi; mromu i zd ah “c) 7 un“[ be‘ 27% Bklyn izfx Tr (). Homos"a“;“z){")‘ « Plymouth Oil (11).. 4 Warren Bros (d) 1. | off and prices moved irregularly ultimate seller and buyer are estab- | 277% -- B A2 a 4 24 % s ) lished. i 76 BKlyn-Man T pf(6). it e e Warn Brev pf (d)_. sl July recovered from 1268 t0 The fourth day. Thursday, a5 g;i’"‘{iqg“"i - Household Fin (4) Postal Tel&Cpf(d). 9 &arrken:did&f((v‘x) % |and in midafternoon was count day.” or “settlement da ge brovn [n Gas(1.60) Househ'ld Fin pf(5) Pressed Steel Car 2 vaukesha Mot (1) 1272. The market gener A i Sl a U 1714 Brunswick-Balke Hotision Oliivte i 4 Webster Eisenlohr all differences must be paid. Imme- 167 Bucyrus-Erie _ 1 e : 2 e Wesson O&S (150c) diate settiement is required. and if a 9 Budd (EG) Mfg _ ”3.\;;20&2&?31 §Z“k,°s‘§.f;"}”(‘3‘.{§," X & Wesson O&S pf (4)- member is unable to meet his obliga- 8 Budd Wheel(a20c).. Hupp Motor ' PubSveNJpf (5). 1 West Penn El pf(6) 10s tions he is at once considered in de- | 50t Bulova Watch (t4) Hupp M rts May24 ' PullmanInc 1%)_. 6 West Penn El pf(7) 208 ot 26 Burr Add M (S0c) 2 = e West Pa Pwr pf (6) 50 West Pa Pwr pf (7) 110s Western Pacific pf_ % Westn Un Tel (3)._ Westingh'se A B(1) Westhse Elec (b2) Westvaco 5%pf 1% 90 Wheel & Lake Erfe_ Wheeling Steel 31s White Motor 4% White Sewing Mach 27! White Sew Mch pf. 4} Wilcox Ol & Gas 8% Wilson & Co (50c) 79% Wilson & Co pf (6) . 475 Woolworth (2.40) ’Hu Worthington Pump. rth Pump pf(A). 6 ssx, Wrigley W ir (13)_. 487y Yale&Towne (160c). 2 [linois Centri Il Centlsin ‘4) Indian Refin (al1) Indus Rayon (2) _. 3 Inzersoil R pf (6). Inland Steel (74) ¢ Inspiration Cop Insur Sh Md (b10c). Inter Rap Tr vte(d) 64'¢ 41 Interchem Corp(f2) 111'¢ 107 Interchemical pf(6) 11'; 4% Intercontl Rubber_ 28'z 16% Interlake Iron 9'% 5 Intl Agricultural 6312 42 Intl Agricul pr pf. 3312 Revere Copper. 3 189 155 Intl Bus Mach(i6)_. 71 Revere Copper(A).. 3 1114 # Intl Harvester(234). 13 108Y% 107! 107's — % | 112 103 Reynolds M pf 514 3 162 14474 Intl Harv pf (7). 1 147% 147% 1475 58 50 Reynolds Tob B (3). 10 167 Intl Hydro El A g ‘ b 9% 6% Rutland RRpf____. 1 15% Intl Mercantile M__. 11 10 10 10 %l 46 36 Safeway Stores(12) 2 18'¢ Pure Oil 9 Pure Oil 6% pf_ +« 108 Pure Oil pt (8) - 187y 16 Quaker State O b4se 1 8% Radio Corp = 67 GNH Radio pf A (3 73 Radio-Keith-Or (d). 74 14% R R Sec I11 Cent____ 150s 38 Reading 2d pf (2) 2% Reis (Robt) ___ 177y Reliable Stores (1) 21 Rem-Rand (t60c).. 16 5 Reo Motor Car. 27'5 Republic Steel. 7 Bush Terminal - 13'2 Butler Bros (60c) __ Hunt to Open Drive Here. The chairman of the National Life | e g‘flle Cop & 7(abe) - Insurance Week Committee, George L. | 597 22% P-“"S (}?,M' o Hunt, has been secured by Earle W.| SJ+ 5] CahfbPksnf (2ia) - Sapp as the chief speaker at the| og,% ;5 ‘Calumu&xem 1 breakfast of the District Life Under- | 371, 27y Campbell Wy (1) writers' Association, next Monday | 38 25 Canada Dry G Ale. morning at the Willard Hotel, when | 17!: 12% Canadian Pacific __ the “insurance week” campaign is| 92 7 Carriers& Gen(bsc) launched. This is a great distinc- }"‘lfi"“g?,,g"‘“”flll’c?r“) oo tion, as the head of the national drive | 130 $31 cfi;;‘;s:fm; c‘)* )- was urgently sought in several other | 4gi; 361, Celotex Corp . . - ..o important cities. He is vice president | 821, 743, Celotex Corp PL(5)_. of the New England Mutual Life In-| 39 33 Cent Aguire (11%)_ surance Co. and former president of | 12% 7!z Central Foundry the Hartford Underwriters’ Associa- l“'r:a 100 Cent 11 Lt pf(43%)_. tion and the Connecticut State Un-| 41'¢ 28 CentralRRofNJ.. o o o PSR =L AW N 10D S D S @ S ttonseed oil oy S00b. July. S.0%b. Sept October. ‘S.8%h: December, & b—Bid a~A<krr‘ ! A 20' Yellow Tr & Coach.. 9 = 183 Intl Mining (b15e) . 11 113 1% 114 = W] 113 150 Safeway Stre pt(1r. 802 : 6 % 13 10% M b20e. g 5 S = = 391 Young Spr& W(t3). derwriters' Association, as well as a | ga: (0 Century Rib M b2ie ot NIl L 65 43% St Joseph Ld(b50c). 11 el e T EIGHT NEW D'RECTOBS former official in the national associa- | g3 1 Ing Nickelotd 2 : Certain-teed Prd . tion. He is said to be an unusually | 82 677 Certain-teed pf (6)_ fine speaker. 603 35'2 Champion Pap (11). 2 3 Champion P pf (6) .. Bank Notes 27th Anniversary. Chosapeaite G 3O The Anacostia Bank has just cele- 5 -81192&]‘0“!‘71"2(-52' i ot 23 Chi & Eas B brated the twenty-seventh annhers?xy 181, 12 Ghi Grt West of (d) of its organization. The institution 11% 8 Chilnd &L pf (d) Was organized on May 10, 1910, with 31 2 Chi Mil St P&P (d)_ the late George O. Walson as its first % 45 Chi M St P&P pf(d). president. He was succeeded by the 6% 3% Chi&NW (d) _ late Maurice Otterback, who was head | 19! 11 Chi& N W pf (d)- 4% 3 St L-San Fran (d)_. 64 St L-San Fr pf (d) _. 14t« Savage Arms (b25c) 4213 Schenley Dist(b75¢) 1% Schulte R Strs (d)_. 16 3% Schulte R S pf (d) .. 6 38 Scott Paper (1)____ 60s Intl Paper (A)_. Intl Paper (B).. Intl Paper (C)-eue. 4 Intl Paper pf._ Intl Ry C Am pf A Intl Salt (113%4) Intl Shoe (+2) B Intl Silver 157 10'% Intl Tel & Tel__ 36'% 24% Interstat Dp St 10715 1031 Inter Dept St pf("L 30 25lg Island Creek (2)___. 31 Zenith Radio (bl)._ 6 Zonite Products. .- ELECTED FOR FRISCO | By the Assocta d Pres Approximate Sales of Stocks on the N. Y. Stock Exchangz. 7 T",:;)lfl"s"i: o i 190000 11:00 A.M. 290,000 S UIS, May 12—Fight new 370,000 1:00 P.M.___ ___ 800,000 |rectors were elected at the an Dividerd rates as given in the above table are the annual cash | St0Ckholders' meeting of the St. Louis- 1‘1)'. Scagoarg 3:”.{)(d). 22 113 i | ioarmients based on the latest quarterly or half-yearly declarations. | San Francisco Railway Co 39 Seaboar e 2 401 + s Unit of trading less than 100 shares. + Annual rate— y Wi b, and 81 Sears Roebuck (3)_. 9 861s 85 B5% < 1i|00L Including extras.® nFaid lact vear b Paid this “year. | o, TOCY Were George N. Aldridge 26 Servel Ino (11) T 28% 281, 2815 + 1 | 0 Sompanies ‘reported in recetvership or bemng reorsanized.| W. F. Pendleton of Dallas, T ey . 1 3 “ X Ex dividend. Daniel Bartlett and Dick Oliver St. Louis; Col. Henry T. Blair and 155 125l Johns-Manv (13) 3120% 129 129 — % Barley feed, 70-85, nominal; malting, Alvin D. Strandberg of New of the netinition fonmanyiyeats. 100 e i Eoeumatiomosl A 85 284 Kautmann (f160) | 2 200 20 205 3 3y CHICAGO GRAIN 100-26, nominal. Timothy sced. 425 | ILLEGAL TRAIN RIDES Lewis W. Healy. Scranton, Pa. his death, in 1934, J. Prank Camp . S 110 98% Keith-A-O pf (b1%) 10s 100 100 1 -1 50 cwt. Clover seed, 26.00-32.00 cwt. George T. Lee, Wilkes-Barre, Pa. tion he now holds. When the bank s ’n Oil 1 L 091 endall p; -— L) o S i tati Special Dispatch to The Star. : v w, o e o ol | henithe ek Faniain Chickashacotnoll 3 10k 16w 104 — sl WSRLE EeRellRIA U~ BRSO e i NG DAt oy Baltimore Quotations. o a Fred R. Angevine, E. N. Brown, C stock. That has since been doubled. | 135% 109% Chrysler Corp b3%;_ Deposits are now well more than| 21% 18% City Ice & Fuel (2)_ ORE, May 12 (#.—Wheat. No. ] i ore ( e 1133 + 15| 20% 16% KeystoneS&Wb3le 4 17% 17 17 — %/ to late advances of wheat, values. o BTt Nifiicks, Tioot, domesti, | | ST- LOUIS, May 12.—Pointing out | Nichols, Paul H. Nitze, Theodo 9% 518 Kinney (G R) Co. ; - | 1.36%: May, 13615 that illegal train riding and other tres- | Smith and Clayton Snyder, all of XNew A% %] 71 474 Kinney pf (al) 108 6315 63 6315 +1y4| BUYing that accompanied late up-| L& M 3 Wb, 1.2, : o i York; Alvin G. Carpenter and Jr-d 92 83% Clty Ice & F nf 6% _ turns of the wheat market was credited passing on railroad property consti- > AN D00 S 10% 7 City Stores ___ 751 y| 2% 24 KresgeSS (w30 D Il 24 24 24 e o e he i W el A O S E T Tt Heard in Financial District. 40% 32Y% Clark Equip(f1.60 ar 3 | 24% 21% Kroger Groo (11.60) 3 22 21% 22 + % y s, & 0. LOADINGS RISE tutes one of the greatest safety Prob- | wright Kansas City. Y. E. Booker, head of the invest-| 9g3 73 Cluett Peabody (3)- 921 1815 | 27% 191 Laclede Gas (StL). 50s 197 19% 197 advices came from Williston, James-| B, 5 ment firm bearing his name, and | 170; 12215 Coca-Cola (12) __ member of the board of governors of | 25% 194 Colgate-P-P(150c)_ the Investment Bankers' Association, | 104'a 102 Colgate-P-P pf (6) . returned today from sattending the| §2% S1% Collins & Atkn (12)- s 27% 20 Colo & Southern Spring meeting of the board at Hot| 3, 21% Colo & South 1st pt. Springs, Va. More than 300 mem-| 507 121 Columb G & E(40c) 1214 — % | 2% 16 Lehn& Fink b62%e. bers of the board, association officers | 3915 31 Golumb Pic vtc (11) 34 108 S LILbey 0w Fibise - and their wives attended the sessions, | 125% 1124 Col Carb vto (14) __ 1 114% 114% 114% — % | 8% 20% Lifo Saver (11.60)- which were devoted to a study of | 69% 56% ComelCredit (t4)__ 10 64 63% 63% — % | 114 96 Ligg & Myers B t4_. i 80% 63% Comel Inv T (t4)__. 4 67% 67% 67% 23% 211‘\ Lily Tulip (t133) ... present, investment conditions and the | ,),{ 14i] Gomel Solv (1806) 18 159 15 35" — %| 61 5l% Link Belt (12). 2 lems facing the rail carriers, the safety —_ — - 4 21 208 20% — % | town, Valley City and Fargo. ° # 4 . 3 1sw 15 18% +14| At'the close wheat was % oft to | MODERATELY IN WEEK | section of the the opening ot ne o CANADIAN GRAIN AREA : up, compared with yesterday's finish; | gpecial Dispatch to The Star. enteenth anhual convention here yes- ED TO DECREASE May, 1.22%a%; July, 1.15%a%; corn, BALTIMORE, May 12.—Carloadings | terday, announced plans for an inten- EXPECTED a2 down: May, 125%4als; July,| o tne Baltimore & Ohio Railroad for | sive Nation-wide campaign to reduce | B the Associated Press. ioan, and oats showing %8| ihe week ended May 8 totaled 54,964, | the unnecessary loss of e that comes| OTTAWA, Ontario, May 12.—A % decline. consisting of 35,882 cars loaded on line | from this cause. duction of nearly 500.000 acgfic\s‘ u:lc s and 19,082 received from connections. The serfousness of the situation, ac- | 87¢8 SOWN in grain ir Cana n ; This was an increase of 7,606 cars | cording to a report from the Commit- | %S Predicted by the Dominion Bureau 4 v 1 24 181 Lambert Co (2) 108+ %] 17w 13" Lane Bryant... 1021 + 1| 277 17 Leo Rubber (50c) 55 + 4% 3% 13 Lehigh Valley Coal. 23 +1% 1813 97 Lehigh Val Coal pf_ 23% — % 24% 17 Lehigh Valley RR.. e Statistics. he basis of reports = over the same week of last year, when | tee on Trespassing, submitted at the | O Statistics. On t P outlook. 4% 2% Comw & Southern_. 52 2% 24 25 + 14| 84% 64% Loew’s Inc (12) 51 the total was 47,358, including 30,877 | opening session, is shown by the fact | [FO™ correspondenfsrthe bureauhpla‘~ e A single share of Mergenthaler Lino- | 451, 363 Congoleum-Nrn(2) 2 38% 38 38y 110 105% Loew’s Inc pf(6%)- cars loaded on line and 16481 re-| that five times as many trespassers as | D€ intended area of Spring wheat a: type stock sold at 45 on the Washing- | 18% 12u cgngolc;g.r_“,,_: 1 13 13 13 — y| 75% 52 Lone Star Cmtb76c. ceived from connections. employes lose their lives, and that the 24,367,800 acres, compared with 24~ ton Stock Exchange today. Real Estate | 95 83% ConCprpf ww6%_ 30s 8 89 89 10% 6% Long-Bell Lumb(A) Flen el 779,700 acres sown in 1936. Title Insurance Co. stock was strong, | 49% 37 ConsEdis N Y(t2)_. 43 37% 36% 36% —13% | 43% 32 Loose-Wiles (2)._- Last week loadings also showed an | number of trespasser fa sisnearly | "'y the peak year of 1932 26,646,100 6 closing sale | 108 104 ConsE4NYBf(5) 2 104% 1041 104% — % | 109%106 ~ Loose-Wiles pt(5)_. 110 increase of 2,737 loads over the pre- | tWice as great as the number of fatali- | 5 oros mere cown. e e | suinconemm e 2 34 34 314 1| 28% 21% Lorillard P (11.20)_ vious week (the week ended May 1), | ties that result from accidents at high- | *“Fe o] decrease will be in e whicn ehanged hanas ot 10075, | 1% 13 ConsFUmTEGHT 1 136 19 19 - | 14781384 Lorilara B et (1) when the total was 52,227, of which | Way-rallroad grade crossings. Saskatchewan, while increases ar 45, which changed hands at 105%. 13%, 9% Cons Laundries..__ 3 10% 10 10 + 14| 28% 19% Lou Gas & Elec (A). 33,685 cars were loaded on line and xpected in Manitoba, Quebec and Serfous consumer resistance to high- | 175415 ConsOfl (80c)._..—. 47 15% 15% 15% — 14| 99 86% Louls & Nash b23%_. 170 18,642 received from connections. S R TR New Brunswick g er prices appears at this time to be| 10% 6% ConsRRCubapf_. 2 6% 6% 6% + 14| 41% 29% Ludlum Steel (t1)_. 158 g . HUGE INCREASE SEEN By e e St st more of a fear on the part of distrib-| 1% 3 Cons Textile (d) 14 % % % 36 29 McCall Corp (12) L e e N area of oal ! utors than an actuality, says the| 13% 8% ConsCoal(Del)vte. 11 11% 10% 11% + 24% 16%4 McCrory Stores. 1 Loav IN ACCEPTANCE TOTAL ley is practically unchanged from United Business Service in its current| 52% 33 ConsCoal Del vtc pf 3008 47 4514 47 -2 gg‘s; ;g:v; ggg::;gl;eb(;_’z!}.; 2 A TIDE PF CHAIN TAXES 1936. ¢ s 203 i C 1.20. 17 32 24 32V report. Retail sales volumes in most 2;:: 23% gg::,‘é‘:;m:r?A, Y 1 R A 311 McKeesp’t Tin Plate lines are holding gains over a year 5% 27 Contl Baking (B) 16% 12% McKesson & Rob .. IS BELIEVED RECEDING | *'New YORK. ey 12— Bankers' ac. 15 3% 3 3 3 PN B NS o R N B S 09 B NN S O FEF GRS 'S ® & - 5 4 ! ceptances outstanding in April to- ago, and demand is being well sus-| 691 50% ContlCan (3) ____ 15 57 55% 56% +2 47T, 44% McKess & Rb pf(3). By the Assoctated Press. tained for high priced and luxury| 25% 20 Contl Diamond (2)- 1 20% 201 2014 — 6214 42% Mack Trucks (11) - NEW YORK, May 12.—At the an- | taled $395,031,279, an increase of 51 Ne ]and items 42% 35'% Contl Insur (+1.60). 8 36% 35% 35% + 58% 45'a Macy (R H) (12) __. nual meeting of S. H. Kress & Co.|Per cent over the volume outstanding w y 3% 24 Contl Motors 4 2% 2% 2y 63 45% Magma Copper (2)_. Potomac Power Earnings Rise. stockholders, Paul B. Scharf, president, | ' April, 1936, the Federal Reserve Bank of New York reported. The S v A | e e emiaatory tarr "8 | April Agure was about $1,440,000 under Chicago Cash Market. chain stores. -Such legislation, Schart | that of March. Cash wheat, No. 3 red, 1.26%; No. 1 | said, is the most serious problem con- | Increase in acceptance volume over hard, 1.28%-29. Corn, No. 3 mixed, | fronting the company, although the |a year ago is attributed to the general 1.27%; No. 3 yellow, 1.27-271%; No. 2 | fact it has stores in 29 States makes | expansion in foreign trade, accept- 47% 40% ContlOil Del (1)~ 29 43u 42 42 —1 7% b5 Manati Sugar (d)-_. The Potomac Electric Power Co. re- | 35% 26% Contl Steel (b50c) - 101 (2;9-% gi“i %9“’. - % }g' lg% i\&andl;; B;out(ab(ld))._ onths March 31,| 77 62 Corn Ex Bank (3) _ 108 6415 6416 6415 + %| 164 an El md g % s :fi{,jfitn"onaum:nifi income of | 714 56% Corn Prod Ref(13)_ 19 56% 55% 55% —1%| 6% 3% Maracaibo Oil Exp_. $4.619,07) after Federal income taxes,| 10% 6 CotyIne.__ 8 Tn Tu Tuen| 164 104 MarineMid (1400 12 i ol »| 564 46 CraneCo_ __ i i — 1 arket St Ry._ 834,111 surtax on undistributed profits, | og/ 19, Crosley Radioal%- 1 19% 19% 19% + K| 20 13% Market St Ry pf.. 8 1 s Fund Prospectus on Request A. S. GouLpsN & Co,, INc. depreciation, interest, amortization, | 1097 701 Crown Cork & S(2)- 7% 744 5% + %| 89 26 Market St Ry prpf- 808 ; Woodward Bldg. NA. 2000 i hite, 1.29; No. 3 white, 1.2714-28. 1t less vulnerable than some other [ances being widely used as medium etc., compering with $4,127,124 in 12| 5614 473 Crn C&S pf ww 2% 47% 4T% 47% — %| 30% 18% Marshall Field. 8 e 3 months 3:«’1‘5 March 81, 1936. zsx 17“ C:onvn Zo?lux"v(:u:‘)- 18 20% 18% 19% 20% 25% Martin (Glenn)..... 8 27% 26% 26% — % Oats, No. 3 white, 49%4-50. No rye. companies. of credit for this purpose. \ ' < : P 3 l A