Evening Star Newspaper, May 17, 1937, Page 23

FINANCIAL. INDUSTRIALS UP ON GURB MARKET Technicolor Climbs More Than 2 Points—Others Gain Fractions. By the Assoctated Press. NEW YORK, May 17.—Industrial shares for the most part edged higher today in slow trading on the Curb Exchange. Technicolor held an advance of more than 2 points in late trading after announcement over the week end a leading Hollywood producer planned to concentrate on color films. Up fractionally were American Cy- anamid “B,” Creole Petroleum, Gulf Oil. Wayne Pump and Pantepec Oil. Crocker Wheeler and Humble Oil were up a point or so. Utility shares remained in a narrow range. CURB BONDS DOMESTIC BONDS. High, Loy 1om Power 55 45 A ___ 1021, 10574 3 97 97 96 96 R6Vs KRGy 10654 lnv»!, 1068 133, 106, ax1y Gatineau Pw Gatineau 104 100 7 10815 ~ 10434 1043, o108 Interest Pw Interest P S ; 10413 104% 10438 10213 1020 10 91 9113 80 % 40 210315 103822 1033 10335 10333 10333 104% 104 105 " 105 1013410134 10134 oL ARY, GR1L B Okia P& ¥ s = Okla N G s Fa 2y Ewghas agn. om i TN = 5 pre AT mC Bt RQ) ey B} 22sd 2223 amn Snunaeg ot 2000 e D! L) 5 GLLT 512 752 11012 11014 9833 " gRis 313 0313 ax s hm‘. 1|vfi=. 1063 48 Jogr te D4l York Rwy Co 5s '37 Aol 27 873, FOREIGN man. Buen A P 7l3s '47 st 86Y REY 61 51: 8 0 231, xvAwithogt war- ew. st (stp)—Stamped. impaired by maturity. es reported in receivership. SHORT-TERM SECURITIES. (Reported by Chas. D. Barney & Co.) Bid. A Tants, RWy, Edison Elec Ty 45 1 106 10415 5015 RR 4 20 N Y. Ch & 8L 67 niote 20134 New York Dock 1 58 s Vansedium Corp bs m.n Vertientes Sugar Co 7s 194: Wabash Ry Co 551030 Warner Bros 65 1030 Westn N Y & Pa 4s 1943 , Western Union Tel 65 1938 U. S TREASURY NOTES. NEW YORK. May 17 (#).—Prices quoted 1n GoNars and Chiviy-secondss 101% Approx. sked. yield. September February June 40, | Brown Forman 2:30 Stock and Sales— Dividend Rate. Add 00. Acme W vto (3)._ £ Agfa Ansco Air investors Inc. Alles Fisher = 2 Alum’'n Co of Am 6508 Alum (Am) pf (6) 60¢ Alum'n Ind (40c) 608 Aluminum Ltd.__ 100s Am Alriines. ino 1 Am Box B'd(b45¢) 1 Am Centrifuga - AmCItP&L Ballo 4 Am Cynam B t60c Am Dist TeI NJ 5. Am Eqit (a22%¢). Am & For Pw ww. Am G&E (1.40) ___ Am GAEpf (6) ... Am Gen C'p (a50¢ Am Gen pf (2%) .. Am Laun'y M 80c. Am L &T (11.20) Am Mfg Co (a8) .. Am Maracatho Am Meter (b75¢c).. Am Superpower _ Angostura (t20¢). Apex Electric(al) Appalach EPptf 7 Arcturus Radio T. Ark Nat Gas __. Ark NatGcupf._ Ark Nat Gas (A).. Ark P& L pf (7). Ashland O&R 1400 A Gas & Elec__ As30G& E$6pf.. AssoG & E (A) Atl Coast Fis b35c Atlas Corp war Atlas Plyw'd(1% Austin Stiver - Auto Products. Auto Vot Mch 50¢. Baldw L bd rts(d) Barium Stain 8tl_. Beaunit Mills.._. Belianca Alrcraft. Berkey&Gay F Co Berk&GF pur war Bliss Co (E W) Blue Ridge (bl6c) Brazil TL&P bY0c. Brid'p't Mch b2sc. Brili Corp (A) ... Brill Corp (B) Bower Roll B (2 Bowman-Biltmore Bowmn-Bilt 1st pt 60s Brown Co pf 200a Brown F&W b30c. 15 = Buckeye P L (4)_. 508 Buff N&E pf 1.60_ 5 Bunker H&Sulln_. 1 Burcocv pf (3)___ 26s Burry Biscuit___. 1 Cables&Wirel'ss A 1 Can Car&kdry pt. 200s Can Murcont 6 Carib Synd (bs0c). 11 Carnegie Metals. 5 Carrier Corp 4 Carter (JW) 80c_. 2 Catiin Corp (adte) 2 Celanese 1st pf 17. 25s Cellulotd Corp pf 60s Celluloid 18t pf b2 408 Cent Ohlo Stl bsuc. 1 Cent&SW UL - 17 Cent States Elec.. & Cent St E1 6% pf. 2bs Cent St E1 7% pf.. 26s Centrif Pipe 1400 4 Chi Flex Shaft (4)100s Chi Riv&M b30c._. 1 Chief Con Mining_. 8 Childs Co pz. Citles Service_ Cities Service pf. . Cities Sve pf(BB). 80s City Auto S(t60c) Claude Neon Lts .. Clev E Il lum(t2). Colon Dev Ltd. . Colo Fuel&Ir war. Celts PFA b37%c. Columb O&G b2oc. Comwlth Edis 14 Com with & S war Community PS t1 100s Com'u’ty P&L 18t. 268 CompoS Mstetl. 1 Cons Alrcraft_ Consol Copper C GELt&P Bo 3.60 Consol Gas Util _. Consol Steel Corp. Consol Retafl Strs Cont’l G&E pr pf 7 25, Cont’l Roll & 8 Fy Cooper Bessemer Copperweld 11.20._. Cord Corp .. .. Cosden Ol Me (d) Cosden(Me)pf(d) Creole Petrol t50c. Crocker-Wh allc. Croft Brewing Crown Cent P ao. Cust Mex Mining_. Darby Petr (50c). Dayton Rubber Dayton Rub A (b2)100s Derby Ol1 & ket . 2 Det Gray Ir t20c.. 1 Det Pap Prod t256 1 Douglas(W L)pf 100s Dow Chemical (3). Dubelier Condens Duro Test (b10c)- Kag Pit Lead bl0c. East'n GEF Asso . Estn G&F Aspf 3. Easy W M(B)b26e Elec Bond & Share Elec B& S pf (8). El Pwr As(A)a250 Elec P&L opt war. 3 Elec Sh pf ww (6) 254 Electrol Inc v.t.c.. 24 Equity Corp(a26e) 26 Evans Wall Lead . Evans Wall L of Ex-Cell-O (b20c) - Falstaft Br (31%) Kdelio Brewery Fire As(Phila.)t2 First NS 1stpf 7_ Fisk Rubber _ FlaP & L pt_ Ford Ltd a18 Ford (Can) A (1) Ford (France) __. Fox (P) Brew 80c. Franklin Ray a60c Froedt G&M(20c). Froedt't cv pf 1.20 Gen Alloys 3 Gen Firepr'f b25c_ (4en Invest Corp Gen Tire & Rub _. Gen T&R pf A (6). 108 Glen Alden C (11). Goldfleld Consol Gorham (A) Gorham, Ine, pt. Grand Natl Fums Grand Rap Var (1) 2 Gray Tel P8 (1) 1 Grt A&PTn v 16 140s Great Nor Pap t1_ 100s Greenfleld T& D... Guardian Invest__ Gulf Oil (Pa) b25e Hat Corp (B) 80c._ Hearn Dep S b1.65 Hearn DS 6%pf 3 Hecla Mining b45c Hollinger (165¢) . Hudson BM&S (1) Humble Of1 (13%). Huyler's(Del)d). Hygrade Food Pr._. Illinois Iowa Pow. 16 o mon®eroonn LT T 95 ENONO O AR e e BNO N L 1508 High. Low. Close. 435 43l 30 . 3 Ity 116 8% 108 21 43% 30 30 “ 4 3 8 139% 1393 16 116 8% 8l 108 108 21 21 20%4 8% 354 2935 120 % 234 321 854 THE EVENING STAR,V WASHINGTON, D. C, NEW YORK CURB MARKET By private wire direct to the Star. All time shown below is daylight saving on which the Exchange is now operating. 2:30 Stock and Sales— Dividend Rate Add 00. Locke 8ti Ch t80c. 1 Lockheed Alrcraft Lone Star Gas 80c Long island Ltg__ Loudon Packing_.. Leuis'a Land 40c.. Lynch Corp (12)._. McWilllams D (13 Margay Ofl (1) ___ Marion Steam Sh Mem Nat G (b10c) Merritt Chap & 8 Mesab ron Metal Textile 40c_ Mich Bumper____._ M1d Sta Pet (A) . Mid Sta Pet vtc B_ Midl'd O cv pf b25¢100; M1d-W Abrasallo Molybdenum Corp Mount'n City Cop.. slount Proa (8uc). Nat Baking Co__.. Nat Bellas Hess__. Nat Container (1). Nat Fuel Gas (1) Nat Leather Natl Oil Pro t60c.. Nat Rub Mch azvo Nat Service. Nat Service pf. Nat Sugar NJ (2) Natl Transit b45c.. Nat Union Kadio Navarro Oil (40c) N EngPw As pf(6) 60s N E Tel&Tel bl¥%. 108 New Jer Zinc (12).100s New M&A Ldalc. 1 New Process (12) N Y Tel pf (6%) Niag Hud Pwr new Niagara H B war. Niag H P 1st pf Niag Sh Md B a8oe Niles-B-P'd b50c_. Nipissing (6ue) Noma Elec (b40c) North Am L& P __ North AmL&P pf_ North'n Europ 01l Novadel Agene(2) Oldetyme Distil__. Okla Nat Gas - Ukla Nat Gas pt__ Okla Nat G pf(6). Overseas Sec 600 PacG&E 1stpf 115. Pac Public service Pan-Am Afr (11)_ Pantepec Ofl Patchague Ply a7 lUn Pennroad (az6c). Penna Salt (b1%) 1768 Pepperell Mfg 16_ 50s 1 Phillips Pkg ablo. Phoenix Secur __ Phoenix 8 pf A(-'U Pierce Gov (bl5c). Pioneer Gold (40c, Pilaey Bow (T14uc) PIULSDED FOrINg Pitts & L E(b4%).100 Pitts Plate G (bl) Plough Inc (1.20)- Powdrell&Al 16V0. Premier Gold 1120 Producers Corp Propper-McC (d). Prosperity Ball% Pub Svc 1nd pr pt 100 Pug 54 P&L $6 pf. 508 Pyle Nat'l (b50c) 1008 Pyrene Mfg avvc.. 2 Raym’d Cono (11) &0s iaytheon Mfg vio. Reed Roll B 180c_. Reeves (Dan) buec. Keiler-toster Reybarn Co bl0c.. Keynolds invest_.. Roosevelt Fiela... Rustiess [r&Stl_.. Ryan Consolid'd__ St Regis Paper Samson Unitd C'p. Scovill Mlfg (bbuc)15i Segal Lock & H___ Seiberling Rubbs Selected indus_ Sel Ind all cfs 63 800s Sel Lnd pr pf (5% )260s Sel Ind pf b373¢... Sent Sar Control.. Seton Leath abc.. Seversky Alrcraft Shattuck Den Min Simmons Ha & P Singer Mfg (16) - Solar Mfg (bluc). Sonctone L (alvue) Soss Mg (50c) . So r'enn UIL(T1%) SoCalEdptC1% Southn Union Gas Southl'd Roy bl0e. Spanish&Gen rcis Spencer Ch S b76e. Stand Inv pf ww__200s Stand UL Ky (11) 3 Stand Oil Neb b25¢ 3 Stand 11 Oh pf 6. 508 Stand Pwr& Lt . 4 Stand 811&Ld (4c) 10 Stand St Spa2i. 1 Std Whole Ph 1.20 100s Starrett Corp vic Sterchi Bros a3vc Sterling, Inc 120c. Stnnes(Huxo) d. Stutz Motor Sullivan Machine_ Sunray Oil (b5c) - Sunshine Min (3) Superior Port C B. Taggart Corp_ Tastyeast(Del)A_ Taylor Dist (30c). Technicolor ab0e. Tech Hughes 1400 TennEP 1st pf(7). Tex P& L p? (7)_. Texon V1l & L 606. Thew Shovel a500. Tilo Roof Ine (1)- Tonopah Beimont. Tr-iLux DPS 1206. Transwest Oil Co_ Tubize Chatillion_ Tubize C (A) a2 Tung-Sol Lamp _ Tung-3ol L pf 80¢. Ulen & Co 7% % pt United Corp war.. Unit Gas Corp - Utd Gas war Unit Lt&Pw Ut P&L pf Unit Milk Prod (”) Unit Shoe M 12 Unit § Meh pf1.50 U S Fotl (B) (1)-. US Linespf. _ U8 Play Cards t1. U 8 Rub Reclaim_ Unit Verde Ex (1). 2 Unit Wall Paper . 9 Univ Prod (b50c)_100s Uttlittes P& L (d) 1 Utll P & L pf (d)_. 3008 Utility Eq pf b4l 1608 Utilities Indust’l_ High. Low. Close. Y 1% 1212 104 10% 8% 8% 8% 34 115 113§ 89% 89% 21 21 28 28 & on 0 o 00 1O e e 0000 RO o 09100 1 4 1 1 1900 =300 00 00 b= 80 On 4 19 1005 It} 2634 I 84 4% 16% 44 296 54 pre) 5 09 1 e 0 e b 0 O 10 Venezuela Petrol _ Voght Mfg Co 80c 3 | Wag Bak vtc b40c. Wahl Company.__ Walker Mining Wayne Knit Mills. Wayne Pump bl Wntwth Mfg blsc West Tex Ut pf(6) 90s W Va Coal & Coke 2 Westn AuSbi0c_. 1 Wilson-Jonesn___ 1 Wrighbt Harg 1400 7 Yukon Gold(al3e) 2 2% | week of May 8, shipped 239,982,000 | Amer. Tel. | W. M. Cold Storage & Tr. Co. | BAnk of Bethesda (W75 - SANTA' FE NETS 51,129,380 PROFIT Quarter’s Total Compares With $1,357,059 Loss in Same 1936 Period. By the Associated Press. NEW YORK, May 17.—The Atchi- son, Topeka & BSanta Fe Railway system reported today for the first quarter net income of $1,129,980, equal to 91 cents a share on the $5 preferred stock, compared with ne | loss of $1,357,059 in the comparable | period last year. Pennsylvania Raliroad. The first quarter report of the Pennsylvania Railroad showed net income of $5,148,165, equal to 39 cents & share on the capital stock, against $2,359,564, or 18 cents a share, in the first quarter last year. Union Pacific. Union Pacific Railroad system re- ported March quarter net income of $1,083,458, equal to 4 cents a share on the common stock, compared with $1,221,030, or 10 cents a share, in the first quarter, 1936. Reading Co. Reading Co. reported for the March quarter net income of $2,049,796, equal after preferred dividends to 96 cents a common share. This compares with $1,238,660, or 38 cents a share in the first quarter of 1936, LUMBER OUTPUT DECLINES IN WEEK Shipments Also Show Drop—Pro- duction at 74 Per Cent of 1929 Weekly Average. By the Associated Press. The National Lumber Manufac- turers’ Association reported today the lumber industry operated at 74 per cent of the 1929 weekly production average during the week snded May 8. Shipments were 71 per cent of that average. Both production and ship- ments were lower than the previous week. The association said 531 miles pro- duced 257,799,000 feet of hardwoods and softwoods combined during the feet and booked orders of 248,213,000 feet. Revised figures for the preceding week were: Mills, 552; production, | 267,093,000; shipments, 290,289,000 feet; orders, 266,765,000 feet. Washington Exchange SALES. Capital Traction 55—$1,000 at 90 Y | $1,000 at 90'2, $1,000 at 80z, $500 | at 9055, $500 at 905;. Washington Gas Light—2 at 78, 8 at 78. 'AFTER CALL, Mergenthaler Linotype—5 at 46. Washington Gas Light—9 at 78, 11 -at 78. Bid and Asked Prices. , BONDS. PUBLIC UTILITY. & Te) 4% Anacostia & Pot 55 Pow. 3lis_ w-sh Gas 55 1958_ Gas 55 1060 Wath: Re3.%% Hee 4 Qol. Country Club [ H STOCKS. PUBLIC UTILITY. Amer. Tel & Tel s B, (8,800 -nu G»s L O ® £ %om (36 v, & El. pfd. (5) iA‘iKs AND TRUST COMPANIES. Amer. Sec (e8)_ "1;14 300 Capital (4) Com. & Sayines (10) Liberty Ehneotn ((6.25) 2 National Sav. & Trust o R 50) Riges (e8) e 3 Riges pfd. (5) __ Washington (8) Wash. Loan & Tr. (e8) . FIRE XNBURANC‘! American (8) Corcoran (5) PFiremen's_(1.60) Netioomi"Oton (.60)" Columbia (.30)_ Real Estate (6) MISCELLANEOUS. Oarpel Corp (2.00) - Lanston Monotype (N Lincoln Serv. com. (}1. oo)_ Einéoln Berv. Bra: (3150)" Mergenthaler Lino. (2:00) Peoples Drug 8. com. (+1.0¢ Peoples Drug 8. pfd. (8 Real Est. M.&G. pf. Securlty Storage (3) Corp, Wdwd. & Loth. com. Wdwd. & Loth. pfd. (7) *Ex dividena. {Plus extras 0y 0) 0) 'Er: nlkd June 30. 1936; 45c pald December 22, — DIVIDENDS ANNOUNCED NEW YORK, May 17.—Dividends de- clared: Increase. 8tk. Rate. flnfl record. al Welch Grape Juice___76c __ 5-16 b Resumed. Oelotex __ = 40c Louisville G&E “A”_37lc Q Louisville G&E “B" 37%c Extra. Fed Compr & Ware__40c 8t Joe Lea 2250¢ <a Interim. Du Pont de Nem - Electrographic Corp Electrographic pf Fed Compr & Ware Pitte Youngstown & - As} pf Du P de Nem deb 31 Kopupers pf Maryland Pund e Do 3% in stock - 8t Joe Lead Bwest Gas & I MONDAY, MAY 17, 19317. FINANCIAL. Net Income of the General Electric Company by Quarters MoN Quarters Ended | vwuon Quarters Ended Juon Quarters Ended DOLLARS " March 31 DOLLARS 30 8 June 15 Bl 1930 ‘32 ‘4 wmion Quarters Ended December 31 A—23 SLOWERPACE SET AT STEEL PLANTS Institute Finds Operations at 90 Per Cent Mark, 1.2 Points Down. B the Assoctated Press. NEW YORK, May 17.—Operations in the steel industry for the current | week declined 1.2 points to 90.0 per | cent of capacity, compared with 91.2 ‘w per cent last week, the American Iron & Steel Institute estimated today. A month ago operations averaged i" 3 per cent of capacity while a year | ago the rate was 69.4 per cent. | Total tonnage of steel in use in the United States has topped the one- billion-ton mark for the first time in history, the institute reported. The jump to the billion-ton mark was from a level of about 954,000,000 tons in 1935. The increase in 1938 | represented not only the production | of steel ingots, but also the great ton= | nage of steel in use in permanent | service, such as buildings, bridges and Ppipe lines, installed during the early years of the century. If all the steel now in use were to be sold as scrap at present prices its value, the institute said, would ap- CHICAGO LIVE STOCK. SHICAGO, May 17 (7 (Unlted partment of Agriculture).—Hoy 3 {ncluding 3,000 direct. market i5 to 23 higher than Friday's average: packing sows 10 to 20 higher, active at advance: bulk 0od and choice, 200-300 pounds. 1 11.25: most 150-190 pounds. : _choice ~ strongweight Digs to 10.50; bulk good packing sows, 50 pounds. 10.00a10.35. Cattle, 11,000: calves. 1.500: fed steers and yearlings opening steady.’ with light helfers and ‘mixed yearlings ~active and ely steer run and market slow o one yearlings and mediumweight and weighty steers: most early sales 10.50a 0, with best welghty steers 14,00 Scveral loads held well above 35 307 Very ‘scarce uneven but'steads: bulis and veslers “fully " steady: outside on welghty sausage bulls 6.60, but liberal supply light offerings around 5.7586.00; vealers mostly 8.2580.00, with selects 9.50 and better: stocker ‘tfade slow, ‘stendy. mostly 800 9.00 on Texas-bred yearlings and calves. With Blain and medium kinds 7.0087.50. —_— Sheep, 10,000, including 8.000 direct; fairly active, fuily steady 10 strong on RUBBER FUTURES. NEW YORK. May 17 (#.—Crude rub- slaughter offerings. two loads Californis ber futures opened quiet. unchanged to 17 Spring lambs, 1285 one double. soTte: extreme top cnpned 102 lower. May unquoted: July, tember, 20.93b: December, FIRST TRUST LOANS thers eligible around 1 Sysases o fifma ewen, 525, Long-term REFINANCING . . Lowest Rates . . . 3-Year Con- struction Loans . . . 3% BOSS & PHELPS MORTGAGE CO. Loan Correspondent John Hancock Mutual Life ins. Co. 1417 K 8t. N.W. NA. 0300 NEW YORK SUGAR. NEW YORK, May 17 (7. —Raw sugar pas unchanged early today and the only business reported was 1X.000 bags of Philippines Conciided Tate Tast week ¢ an outport refiner at 3.38, or unchanged from the last pervious sale Futures opened unchanged. but eased later under scattered liguidation and trade selling promoted by the lack of general interest in the spot market. The volume of business, however, was small. with op- erators apparently inclined to iimit com- mitments pending reopening of the foreign market tomorrow and further developments at Washington on sugar legislation. In the No. 3 contract July lowered from 2.47 to 2.4 and September from .48 to 45. In the No. 4 September declined from 1.10 to 11X and March from 1.8 to 1.2613, or 1°to points net low jith, ihe market at miaday Taling around the lows. Refined was unchanged at 4 80 for fine granuisted, with only a small business re- ted. T U. S. TREASURY POSITION. By the Associated Press. The, position of the Tressury on May Recelpts, ture; 5.85 04 10. Recnpts Yor” the fiscal vear (since July 84 006.20: " expenditures. 50.87. including ny it an o dcrease of | i m over ine previous day. wold $11,88 1 including 8554048,814.14 of mactive gold, FREEBOOKLET Home Financing Phone, write or call for your copy of our free booklet showmg mctnres of attractive homes, many with floor plans, ranging in pnce from $6,000 to $18,000, and giving information rela- tive to Building your home for as little as 209, down (cash or lot). Selecting architect and builder. Planning a home within your means. Combining the first and second trusts into a long term F. H. A. loan. Refinancing to lower interest charges. This booklet, with valuable information, is yours for the asking FREDERICK W. BERENS MORTGAGE LOANS Heurich Bldg., 1627 K St. N.W. Phones National 8280-8281 Mortgage loan correspondent for siz insurance companies, ).85b; Bep- | b—Bid. PAN-AMERICAN PLANS SERVICE TO BERMUDA | By the Associated Press. NEW YORK, May 17.—J. T. Trippe, president of Pan-American Airways | announced final preparations have been made for inauguration be- fore June 1 of experimental transport flights between the United States and Bermuda, preliminary to establishing Corp,, regular commercial schedules. proximate $18500,000,000, or a sum greater than the entire stock of money, including steck of gold and silver bullion, and currency in circulation, in the United States OFFICE FURNITURE WE SELL, BUY OR EXCHANGE Desks Steel Files Tables Steel Cabinets Chairs Safes BAUM’S FURNITURE HOUSE 1416 Eye 8t. N.W. Phone NA. 2184 Consider These Facts When You Wish To Arrange A REALESTATE LOAN ® LOANS on improved or to be improved real estate— as low as - 37.50 per thousand per month including interest and curtail . . . No comm .+« No renewal Let us help you solve your problem with a Perpetual loan. i 3 officers and materially PERPETUAL Building Association is the largest in Washington, and one of theleadersinthe entire United States. PERPETUAL has over 55,000 bor- rowing and savings members. PERPETUAL'S Board of Directors keep in clo contact with the ist in the speedy handling of loans. PERPETUAL'S regular examinations by the U. S. Treasury Dept. are sup- plemented by special C.P.A. audits as well its own Auditing staif. PERPETUAL has always had a rep- utation for sound, fair appraisals. Over 200 borrowers per month were advanced loans last year, totaling over $12.000.000 for the year. PERPETUAL BUILDING ASSOCIATION 11th & ESTREETS,N.W. ESTABLISHED 1881 Largest In Washington—Assets Over $43,000,000 ARTHUR G. BISHOP Chairman of The Board MARVIN A. CUSTIS EDWARD C. BALTZ President Secretary 70,000 men and women of Washington have adopted American Security as their banking home. These 70,000 people are our customers and friends. To serve them in their banking and trust matters is AMERICAN SECURITY our privilege and pleasure: . . . We are prepared to give you the same intelligent, friendly service which has attracted our present large group of patrons. Call at any office and talk with one of our officers. AND TRUST COMPANY Largest Capital and Surplus of any Washington Trust Company Main Office: FIFTEENTH STREET AND PENNSYLVANIA AVENUB CENTRAL BRANCE SOUTAWRST BRANCH 7th and Massachusetts Ave., N. W. ITHEAST BRANCH Eighth md H Streets, N. E. Seventh and E Streets, S. W NORTHWMT BRANCE 1140 Fifteenth Street, N. W. 111 Iowa Pw pf 2% 111 Iowa Pw d ctfs. imp Ol Ltd 150c. Imp Oil reg (160c) Ins Coof No A t3_ Intl Cigar M 13___ Intl Hold&Inv Ltd Intl Hy R1 8 cv ot. FEDERAL LAND BANKS hNEWMYSRK May 17 (#.—Pederal Land i Bld Asked. 4% Nov. 103% 04% Dividend rates tm doliara based Bual ratenor | e i [ BOSTON WOOL MARKET. BOSTON. May 17 (M (U. 8. Department of Agriculture).—Mills_showed little in- terest today in either spot Western grown wools offered in Boston or in medium Tade fieece wools offered from the Middie BRe o0 BB AN LN B8~ S 5 Mzueer Feperar Derosit INsuraNce CoRPORATION Mzuszz FroBrAL REsERVE SysTEM - prices on good French combing territory wool ranged 95-1.00, basis, but some buyers were talk- ing prices in the range 90-95 cents for similar wools. Around 40 cents in the grease, delivered East. was the offering figure for moderate quantities of medium Ohio wools packed in_lots containing combing and clothing lengths, % and % blood grades together. NEW ISSUE APPROVED. NEW YORK, May 17 (#).—National Gypsum Co. stockholders have au- thorized 100,000 shares of no-par cumulative preferred stock, issuable in series. It is proposed to issue the first series of 80,000 shares, carrying $4.50 annual dividends, in the near future, to be followed by the retire- ment of the first and second preferred stock. \ Intl Petrolm t1%._ Intl Petr rg(t1%). Intl Products . Intl Radio Corp’n.. intl Ut (A) .- Intl Uth (B) Int) Vitamin(50c) Inv Royalty (t6c) Iron Fire vto 1.20_ Ltal Superpwr(A). Jacobs(FL)Co(1). Jones&Laugb Stl. Kingston Prod 40c Kirby Petrol (20c) Lake 8h M (t4)__. Lakey Fy & Mac! NeLNARHO®E~S g 5 Lefcourt pf(a750) Leh Coal &N 30c... Leonard Ofl ._.___ Lion Of] Ref (1) Lit Brothers..... [P - LTSI ST 1434 10234 13 4 ‘ll( ll“ % 13§ 2134 o METAL MARKET. NEW YORK. May 17 (®.—Copper steady: electrolytic, spot and future, 14.00; Y g peasler; spot and 35 Tuture, 58,00 steady: spot, New York. 6.0 m Bt Louis, 5.85. Zinc ste 5 gnd tuture, 6.75 7 0P fron stead Eastern Al 1.0, anis, 26 00 Buflllo. 00, Aluminim, 20,00 0. ' Quick- ©b1atinum, 08-00. F6:06. tim 3 .00-9 wulfnmln. 23.00. FREIGHT LOADINGS. 25T ralirosds Teporting rallrosds Teporiing 'egded May 15 included: NEW JORK. !reuhl carloadir today for the weel Balto. & Ohio. Rock Island.. 280 30038 238%% oy FOREIGN EXCHANGES. NEW May 17 (P.—Foreign ex- chlnl&,l’“ld’ Great Britain in dollars, t] In_cents. S 53‘-'".,?“"."3. L e 6 8 /:.y bie :,‘/l Italy de- Germany, el. 0; Bwitzerl: tueal, Kustrian ls ‘Hungi i 5 Anznu Ve 28.82; ong, ao 73" ity Montreal Wew York. 100, 15%. ank ‘)? Mol::r!ll‘ 99.84%.