Evening Star Newspaper, May 18, 1937, Page 19

. o Pump were among FIN ANCIAL CURB LIST GAINS LATE IN SESSION Many Shares Are Lifted * Fractions to $1 or More in Quiet Trading. By the Associated Press. NEW YORK, May 18 —Rallying tendencies gained a foothold on the Curb Exchange today and lifted many shares fractionally to more than a point in quiet trading. Aluminum of America stretched & gain to 4 points in late trading, ex- tending a recovery from the recent fall, when the Federal Government began anti-trust procecdings against | the company. | American Cyanamid B, Electric Bond & Share, United Gas. Lake| Shore Mines, Technicolor and Wayne | the more active favorites moving moderately higner. Apparently feeling repercussions of the Supreme Court's decision yester- day upholding the Louisiana chain- store tax, Great Atlantic & Pacific non-voting shares dropped more than 3 points at one time. Monigomery Ward A yielded more than & point. Other shares off fractionally to about 3 points were \‘lrWilllamsi‘ Dredging, Clark Controller, Detroit Steel Products, Gulf Oil and Newmont Mining. Low. 101 e | DOMESTIC BONDS. High. 1P M Ala Power 4125 61 s il 01 2| Barlow&S(A)1 All time shown bel on which the Exchan, Stock and Dividend Rate. Add m) Agfa Ansco - | Air Device Corp .. l Alr Lnvestors Inc 2 Ala Grt Sou (13) . 100s Ala Pwr pt (6) 208 Alabam Pw pf (7) lo. Alles Fisher - Alum (Am) pt (8) 60s Alumn Goods b266 1 Alum'n Ind (40c) 508 Aluminum Ltd___ 100s Am Afrlines, ino.. 8 Am Book Co (4).. 108 Am Box B'd(b45¢c) 4 Am Centrifugal _. 17 Am Cit P&L (A) 3 Am CitP&L B a20¢ Am Cvnam B t60g i Am DTNJevpf(7) Aw & For Pw ww. Am G&B (1.40) Am G&E pf (6).__ Am Gen C'p (ab0e} Am Hard Rub(al) Am L&T (11.20) . Am Maracaibo Am Meter (b75c) .. Am Pot & Chazi Am Seal Kap a30c. Am Superpower Am Thread pf 25c. Anchor Post F Avex Electric(al) Appalach EPpf 7 Ark NatGas . Ark NatGcupf__ { Atk Nat Gas (A). Art Met W (80¢) . Ashland O&R t40¢ As80 Gas & Klec__ AsSOG & B (A) . Ass0G & E 35 of Atl Coant Fis b350 Atl Co Laiy. Atlas Corp war Atlas Plyw'd(1%} Austin Silver Auto Products __. Auto Vot Mch 500 Bavbcox & Wil (4) 2008 Bartum Stain St 8 20 100w Bellanca Alreraft 1 Bell Tel of Can(6) 108 Berkey&Gay k' Co L] Berk&GF pur war Bliss Co (E W) Blue Ridge (b15c) Blue Ridgecv pf 3 Bower Roll B (2) & Bowmn-Bilt Ist bt 60 Brazil TL&P blc. 17 Brid'p't Mch b25c. 3 b 1 1 . 1 2 Brill Corp (B) ... 2 B34 Brill Corp pt 508 2 A-T cuBbdoe 1 L Col Pw A 1.80 258 ! 8758 Brown F&W b0c. 6 usrown Korman .. 2 Buff N&Epf 1.60_. 1 Bunker H&Sulln.. 11 L Wirel'ss A Cables&Wirel'ss B | Cable&W prazuc. a7y, } K87 5 <0 Florida P&L Gary E&G 55 41 Ghtineau Pw i | 10015 1001 9935 10013 | 101101 10014 101 10814 10813 meu | 10704 10751 1043 10474 1 101241011 ec Int epcumu 5 Interst nterst B SAT Towa Pub Sv 5s Jer C P&L 4158 c_ Kentucky Ut 55 A1 Kentucky U 58 '69 I_ Ken U 8l "48 D Lehich P 8 68 2026 A__ La Pw & Lt 55 5 McCord Rad 6s 1042 ~10314] &0 TRre Raly Raie w0y T102 UVI‘A‘IUI‘ 10334 1033, 1061 10614 100514 100 * 100 * 100 10775 107% 1071, Jom2 10818 10412 ok1 ek Tag Ty %7 ]m\ulun =1 nsn', ]n 60 #71 a0 ° 106 10015 106 106 10015 10015 al03 103 3 1 58 Penn C LAP 4 Peop L c Pug 8 P&L l'm 0D 8aAn An P&S 5 B 20D B F P&L fs 3025,,4 Sou Cal Ed 2 Sid GAE s Std G& Shand v Stand Pw & Texas Elec ; Tex Pw & L 5 Twin C R Toie 1 Cor s s, We'o Gale'sT: OREX(“I xzo\‘ns Cent Bk Ger LiJ TS e, oo Tni-Soc 8158 T th X Without warrants. n—New £t (stp)-—Stamped §Negotiability impaired by maturity, tCompanies .epnnm in receivership. SHORT- TERM SECURITIES. (Reported by Chas. D. Barney & Co.) Amer. Tel & Tel. 538 '43 Auburn Auto Co.. 435 '3f Calif Packing Corp bs '40 Carol Cl'field & Ohio 8 Chesap & Ohio Ry Edison Elec Tum. 45 ¢ Gen Pub Service 5las Grand Rap & Ind e Houston Oil 5758 '40 Int Mercan anp s 41 Int Tel & Tel 4 aclede Gas Light b 130 ehigh Valley Coal 65 '38 high Val Ter Ry 5s 417 1 8, Mhitout] 45 ras enn-Dixie Cement ¢ 41 Penna fo Grande West 43 “la b 0B % 0613 o Y & Pa 4% '43 Western Triton "rel 55 138 ~ 108 BOSTON WOOL MARKET. BOSTON. May 18 (P (United States De- partment of Agriculture).—New business continued slow_in today's wool market. me_good French combing length fine toriory "0 In" OriginAl BAEs Were re- ported sold at 85 cents scoured but most lots were held at prices around 97 Pay over 98 to Milis were reluctant to cents scoured basis for this type of wool nd boueht only for immediate urgent re- quirements. Light shrinking Missouri fleece wools lots - containing - combing and.. clothing lengths three-eights and _quarter bloo backed toretner” were offered iddle West at 41 cents in the gresse, delivered East. while heavier shrinking wools of similar packings were around 38 cents delivered. NEW YORK BAR SILVER. ANEW YORK, May 18 . (#).—Bar/, ver easfer, off %4 at 45%. [ * | Carib Synd (bG0c). | cons Min&sm 12 | Cons R Strs ex rts | Gen Firepr't b25c- Can Car&lkdry pf_ Can 1ndus Alco A Can Marcon) 26 24 rnegie Metals _ 2 aro L&P pf (7)_. 108 urrier Corp 200 Carter (JW) 80c_. | Catlin Corp (a4ic) Cellulotd Corp pt Cen Hud G&E suc Cent P& Lt 7% pt (b3.06% ) ~. 268 Cent&S W Utll__. A Cent States Elec_. 9 Centrif Pipe t40c. 2 Chi Flex Shaft (4) 50s Chi Riv&M b30c__ Chief Con Mining_ Chiids Co pf Cities Service Cities Service pt Cit Sve P&L §6 pf. 2bs Cit Sve P&L 87 pf. 60a City Auto S(t6uc) Clark Con (b50c) .. Claude Neon Lts . Clev E Il lum(12). Clev Tractor Club Aluminum. Colon Dev Ltd . Colo Fuel&lr war. Celts PFA b37%e¢. Col G&E cv pf(5) 1008 Columb O&G b20c. 11 Comwlith Edis t4. 8 Com'with & S war 14 Com'u’ty P&L 1st 2008 Cons Alrcraft 5 Consol Biscuit 60c 1 Consol Copper 28 CGELt&P Bo3.60 1 Consol Gas Util _ 3 1808 15 Consol Steel Corp. Contl Oil (Mex) Cont’l Roll & 8 Fv Copper Range Cord Corp Corroon & Reyn Cosden Oi) Me (d) Creole Petrol t50¢. Crocker-Wh allc. Croft Brewing Crowley Milner. Crown Cent I ae. Crown Dr (b20¢).. Cusi Mex Mining.. Darby Petr (50¢) Dayton Rubber Derby Oi) & Kef Detroit Gr I new . | Det (Mich) Sto | Det Pap Prod 1250 Det Stl Prod b25c.. Domin S&C (B, Dow Chemical (3). Driver Harris 133. Duro Test (40¢) - Duvai Tex S nsle Kag Pit Lead bl0c. Estn G&F Aspf 3. East'n States Pwr Eisler Elec (abc). Elec Bond & Share 161 KlecR&SDf (A) 8 ElPw As A (blc) 1 Elec P&L opt war 2 Elec P&L 24 pt A 1008 Elec Sh pf ww (8) 25- Klectrol Inc v.t.c... Emp G&F 7% pt Emp G&F 8% p'.. Kmsco Derrick t1. Equity Corp(a25e) Burop'n E1 bd rts. Evans Wall Lead Ex-Cell-O (b20¢).. Fairchild Avalbe. Falstaft Br (31%) Fansteel Metal Ferro Enam b75c._. Fidelio Brewery ... Fisk Rubber ... Fisk Rub pf (6).. FlaP&L pt - Ford Ltd a181-100 Ford (Can) A (1) Franklin Ray aé0o Froedt GAM(20¢). Froedt't cv pf 1.20 Gen Alloys M’ll 508 1 13 tien tnvest Coru Gen Pub 8vo pf(6) Gen Tire & Rub Georgis Pw pf (6) Glen Alden C (11) Goldfield Consol.- - Gorham (A)...... Gorham Mf vto t1 Grant Natl Flime Grand Rap Var (1) Gray Tel P8 (1) Grt A&P Tn v 16 1758 Grt A&PT 18t pf 71268 Gr T&D Groo Store Prod Gulf Ol (Pa) b28e Hall Lamp (300) .. Hartman Tobacco. Harvard Brewery. Hazeltine (b76¢) Hearn Dep 8 bl.65 Hecla Mining bée Helena Rubenst'n Heller (WE) t40c Heller pf ww 1% Horn & Hardart 12 80» Hudson BM&S (1) 9 Humble Of1 (1%) L Huyler’'s Del pf(4)100s Hygrade Food Pr.. S PO N—BE 0s 0N > 0N High. 30 Alum’'n Co of Am lbhflll“ 1164 17 84 10134 208 [ !ou 1258 ”K SD% 127 254 324 110 10 2044 184 1 42y @ 6 4 2008 28 3634 llK L1 Low. Close. 30 116 a4 17% 6 159% 2:30 Stock and Sales— Hygrade 8ylv (3) 100» Il lowa Pwpf2ly 8 111 Iowa Pw d ctfs 3 Iliirioln Zinc b25c. 1008 Imp V11 Ltd t60e L] Indiana Svc 6% Dt 40s Ind'n Ter I1O(B) 3 Indus Fin 1% pf 21 Ins Co of No A 2 300s Intl Hy K18 cv ot Intl Petrolm t114_ (ntl Producta . Intl Radio (b25c) intl Vitamin(50e) Iron Fire vto 1.20. 1008 Interst P(Del)pt 12 Inv Royalty (t6c) 1 Jacobs(FL)Co(l) 8 Juneue Glssaglo 1 ‘en P&Lpf 6% 268 en PEL pf 6 908 Jonas & Nbg bisc. 1 Kingston Prod 40e & Koppers pf (6) _. Lake Sh M (14 Lakey Fy & Mach. Lefcourt Realty .. Leh Coal &N 30c.. Leonard 01} Lion Of) Ref (1)_- Lit Brothers._ Lockheed Afreraft Locke St1 Ch t. Lone Star G Lonk island Long Is] Lt of 8 6 Loudon Packing__ Louis'a Land 40c.. Lynch Corp (t2)._. McCord Rad (B).. McWilllams D (2 Ma,estic Ra&Tel M Util 1 3 1 2 1 Master Elec (1)__. Merc Stores (b3). Mer & Mfg A b20e. Merritt Chap & Mesah! [ron Mich Bumper Mid Sta Pet (A Mid Sta Pet vtc B. | Midwest Oil (1) _. | MountCCpa 21c.. Mount Prod 160c). Nat Auto (b1) Nat Baking Co ... \Al Bellas Hess __ Nat Fuel Gas (1) Nat Leather . Natl Oil Pro t60c- 1 NatP& Ltpf «6) 1608 Nat Rub Mch a20e Nat Service .. Nat Servicepf . Natl Transit b4bc. NeptuneM(A)aé0o N Eng Pwr Asso . New Jeor Zing (12). 60s Newmont Min b76: 1 N Y & Hon (b75¢).160s N Y Pw&Lt pf (6) 108 | N Y PwaLt of (1) 120 N Y Shipbldg_._.. 1 N Y Tel pt (6%) .. T6s Niag Hud Pwr new 23 Niagara HBwar. 1 Niag Sh Md Bas0e 1 Niles-B-P'd b50c_. 2 Nipissing (buc) . Noma Eleo (bt00) 1 NorthAmL &P . 12 North AmL&P pf. 100s No Am Ray A bS0e 1 North'n Europ U1} 1 No IPS 6% pf b75c 20s N Ind PS pf b87 3¢ 108 Noria States P A 3 Nor TexE16% pf. 2 Ohio Brass B b76c. 50s Ohio Edis pf (6).. 268 Ohio Ot ou pt (l). 1 Utdetyme ODistil . _ 1 PacG&E 1stpf114. 1 Pacitio Ltg pf (6) 2bs Pac Publio Service 1 Pan-Am Ar (11). 2 Pantepec O11. ___ 118 Param’t Motors._. 1 Patchague Ply a7. 80s Pender Gr(B)as0e 1 Pennroad (azbe) 15 | Penna P & L pf(6) 50s Penna P&L pf (7) 1508 Penna Salt (b13%) 26s Penn Wat & P (4 Pepperell Mfg 16._ 1250 Phillips Pkg ab0c. Phoenix Becur . Pitney Bow (t40¢) Piusugh Korging Pitts & LE(b4%). Pitts Plate G (bl) Potrero Susar Powdreli&Al 'I‘)I Pressed Met (12). Producers Corp.-_. Propper-McC (d) - Prosperity Ballg Prudent’l Inv a60c Prudent 1nv p£(6) 100s Pub Svc Ind pr pt 1lus Pug Sd P&L 86 pf 200e Pyrene Mfgade. 2 Quaker Uats pf(6) 108 Red Bank Relter-Fos Root Petrolm b25e 38 Royal Type b76c 1008 Russeks F' Av 600. Kustiess lr&stl Ryan Consolid'd.. Ryerson & Haynes St Lawrence Corp. St Regis Paper 16 St Regis Paper pf 1008 Samson Unitd C'p. & Santord Mills (4). 10s Scovill Mfg (bbVe)15ve Sexal Lock & H. . £ Seiberiing Rubber 13 Sel Ind all cfs 6% 1608 Se! Ind pr pf (53 )300s Sel Ind pf b37%c_. Suversay AlFCratt Shattuck Den Min Sherwin W pf (5)- Simmons Hd & P Solar Mfg (bl0c)- 1 Sonotone L (allc) & Boss Mfg (50c).._. 1 SoCal Kd pt pf 1% 30s SoCmlEdpfB1Y% 1 South'n PL b20c.. 1 Southl'd Roy bl0c. 8 8tand Brewing 1 Stand Cap&S t1.60 1 Stand Drev of 2008 Stand Inv pf ww__ 808 Stand Oil Ky (11). Stand Oti Ohio t1. Stand Pwr & Lt... Stand P& L (B)._ Stand Prod (b26c) Stand S11&Ld (40) S¢and Tube (B)a.. Starrett Corp vtc. Sterchi Brosaloe. Sterl's Brew a780. Sterling, Inc t20e. Stinnes(Hugo) d.. Stuts Motor - Sunray 01l (bbe) .. Sunr'y O cu pt 3% Sunshine Min (3) Swiss-Am Bles pf Taggart Corp Tampa El (2 Taylor Dist Technicolo: Tech Hughes 140c Tex P& L pf (7). Tilo Roof Ino (1) Tob Prod Bxp 16c. ‘Todd S8hipyd (13) . ‘Toledo Edis pt (6) Tr-iuzx DPS t300. ‘Transwest O1l Co_. Tr1-Conti C war Tubize Chatillion_ Tung-Sol Lamp. . ‘Tung-Sol L pf 80c. Ulen &Co 6% pt-. Ulen & Co TH% % bt Unexoelled Mtg .. United Corp war.. Unit Gas Corp. ... Utd Gaswas . ... Unit Gas pf b3% .. United L&PpPL A. Ut P&L pf b37%c. Unit Milk Prod (2) Unit Shipyards A Unit Bhipyds B Unit Shoe M 2% 1288 Unit 8 Moh pf1.60 108 UBFoll (B) (1).. 4 US&intlSeour.. 1 USPlay Cards t1. 808 Coew L TSP ASIRSY TS 2.8 SIS O wonaluw 8 el b ] 1004 1§ 1154 64 8014 100 10834 i 1105, 108§ « 2044 108 b3 63)s 17244 17} 130 1 " el 19}4 10044 L1434 234 9% 284 4 Ll 13 1144 9 463 46l | 3 334 | "4 2 13% It 6 108 124 18% 11 a9 1 8% 100 b4 58 0% 284 z [ 26 . 1685 109 o b 14 NG__STAR, WASHINGTON, D. C NEW YORK CURB MARKET By private wire difect to the Star. Dividend Rate. Add 00. High tew Close. 9 Wy 10% 8% 24 11y 124 U 3044 % | March and 7,826 in April, 1936. 10834 110% 1 . 4 108 b4 6y 1728 78 13834 1 " kel 20 101 116 2% 94 Eo e k) 13 114 9 9 132 13% 1% 6 108 1234 18% big “4 n ¥4 | C 100 4 58 4l 280 G 100% 9 26 “o 17% 109 o b 14 6§ 3 8 NET OF REYNOLDS METALS CLIMBS $542,958 Profit Compares With $317,673 in Same 1936 Quarter. By the Associated Press, NEW YORK, May 18.—Reynolds Metals Co., in a report for the quarter ended April 3, showed consolidated net income of $542,958, equal after pre- ferred dividends to 49 cents a share on common stock. This compared with $317,673, or 26 cents a share, in the corresponding quarter last year. OCompany produces metal foils and has plants throughout the country. Federal Water Service. Federal Water Service Corp. and subsidiaries, excluding Southern Nat- ural Gas Oo., reported for 12 months ended March 31 net income of $1,108,- 621, against $662,126 for the 12 months ended March 31, 1936. Company, through subsidiaries, sup- plies water service to sections of Ala- bama, California, Delaware, Illinois, New Jersey, New York, Ohio, Oregon, Pennsylvania, Washington and West Virginia. - —— B. & 0. LOADINGS OFF MODERATELY IN WEEK Special Dispatcn to The Star. BALTIMORE, May 18.—Carloadings on the Baltimore & Ohio Ratlroad for the week ended May 15, totaled 54,480, comprising 36,068 cars loaded on line and 18,422 received from connections. This was an increase of 7,626 cais over the total for the same week of last year, which was 46,854, consisting of 30931 cars loaded on line and 15,923 received from connections. For the previous week (the week ended May 8), total loads were 54,964, of which 35,882 originated on line and 19,082 were received from connections. PACKARD MOTOR SALES SET NEW HIGH RECORD B the Associated Press. NEW YORK, May 18.—Packard Motor Car Co. today reported ship- ments of 15,164 cars in April, a new high record, compared with 14,550 in Deal- ers’ reports for the first 10 days indi- cate May deliveries will run about twice the total for that month last year. MATURITIES TO DECLINE. NEW YORK, May 18 (#).—Cor- porate bond maturities in June will total $50,587,900, compared with $52,- 038,400 in May, Standard Statistics, Inc., estimated. The largest two issues coming due this month are $12,500,000 of Tllinois Central Railroad 6s and $10,185,000 8t. Pnul Minneapolis & Manitoba. Washingto;l Exchange SALES. Capital Transit Co.—9 at 10%. Lanston Monotype—6 at 92. Mergenthaler Linotype—4 at 46%. Real Estate, Mortgage & Guar. pfd.— 100 at 515, 100 &t 5'c. AFTER CALL. Mergenthaler Lintoype—6 at 4614. Capital Tractlon 55—$1,000 at 90, $1,000 at 90. Omitted from sheet as of yesterday Potomac Electric Power 5!7 pfd.—1 at 112, Bid and Asked Prices. BONDS. PUBLIC UTILITY. Amer. Tel. & Tel. 4% Anacostia & Pot 53 Ana. & Pot. Qu s & P. Tei. of Capital Traction City & !uhurblnl Bid 1037 T3 SE520»ess 35325222 Wash. Rwy. & EKlec. 45 __ MISCELLANBOUS Ool. Country Club 5%s W. M. Cold Storase B3 STOCKS. PUBLIC UTILITY. Amer. Tel. & Tel. (9) Capital Transit Co. Fo. 8% ax Lt. Co. 5 & sh Ry & Il Dld ln) BANKS AND ‘TRUST COMPANIES. Amer. Sec. Co (e8)_ lfil 300 Bank ‘ul lethnd- (h75) s FIRE !FSURAN American (8) _ Corcoran (5) Firemen’s (1.60) National Union (.60) Columbia (.30) Real Estate (6) MISCELLANEOUS. Carpel Corp (2.00) =2 Lanston Monotype (+4) Lincoin Serv. com. Lincoln Serv. pfd. Mergenthaler Lino. Feoples Druk 8. com. (11, oy Peoplu Drul S. ofd. 0) 1 Est M. f :a‘;-—sn 5325 nn23 2588 = % o ey 5 aid. June 30. 1938; 45c patd December 22, 193 ——— e e 2:30 Stockand Sales— Dividend Rate. Add 00. U 8 Radiator AV | U 8 Rub Reclaim. 4 U S Store: - o U S 8tores 18t pf. 1708 Unit Verde Ex (1) 10 Unit Wall Paper . 2 Univ Corp'n v.t.c.. 1 Utilittes P& L (d) ¢ Ul P& L pt (4). 8608 Utllity Equities 10 Utility Eq f b4} 1268 Utilities Indust’l. Utility & indus pf Valspar pf vto.__. Venezuela Mex O_ Venezuela Petrol . Voght Mfg Co 80c Walker Minins Wayne Knit Mills. ‘Wayne Pump bl% Weisbaum B B 40¢c Well't'n Ol of Del Wntwth Mfg blsc West Tex Ut pt(8) W Va Coal & Col ‘Westn Au 8 bdOc.. Wil 011-O-M as0e Wil-low Cafe pt. ‘Wilson-Jones n._ Wool F'W Ltd béle Wright Hare t400 Ygotn Steel Dbl Yukob Gold(a13c) Dividena eates in d Hish. Low. Close. 113 % % 4 Pl( ¢! s et oct. or securities panies. " | Group Sec Invest Shrs Exchange Confers With 8. E. C. Over Share Suspensions By the Associated Press. NEW YORK, May 18.—New York Stock Exchange representatives have been conferring with the Securities and Exchange Commission with a view to formulating a policy on suspending shares from trading. Negotiations have been carried on for the exchange by representatives of the committee on stock list which determines whether shares ahall be admitted to trading privileges. At the exchange it was stressed conferences were in no way the result of a belief any specific security now listed should be suspended or stricken from trading. The size of a company and the potential breadth of trading in its stock have in the past been im- portant yard-sticks by which eligibil- ity for admission to the list have been measured. INVESTING COMPANIES NEW YORK. May 18 (#).—Ne: 13 securlty Boners: Association: Bl Aaked. | Admin P4 2n .68 Am’ Businets ahi l Am 200 oo DO 0 I DI L 23 DOw wiza iy 5 ©33 10 mzsiois | Suz Group Sec Merchandise Bec Minin 0 0 5r 1 DD 97810 DR OB S IOk I I IR DR bttt Sk SRR 2Rt e P A b B s im0 Dup;ame 33ZTE% s B-SrrTecisetie PN nsuranc achinery ~ Equin Tr ctfs 5203 P e D12} BDEOWT C i B 3 DR S 3o B k steed Ind weumnugnn“l“" i FOREIGN EXCHAN GES. NEW YORK. M o chang? mix o" i Mt s en Great !l‘l ain, 4.1 9!’. and. LO05 s0dhy m navm Fince an ce, de- taly de- bl D-mnnu—lomu free. 40.2 Holland. ma L RROTM ;95 Honekong, LH e 100 5%: Tew York in* Mons N—Nominal. FOREIGN MABKETS ing was renewed in the gold mi; l‘um-Athntlcs lost 1rlanon'xn xfinfl In uce air fl ge murmu lfl!, l IO! md“d."{l-" steudi !‘ —P l Boy o %' and Iternationa] lnkn o o2 Canal drop .za‘“‘"s cen- e Irancs. Rentes showed {imes o wains of 2 %6 a3, 1% © el et METAL IAB.ET NOW YORK. May ady; electrolytie s rt, 14,920, e mod (/7). —Oopper o and future, 14 00 RAILWAY INCOME. NEW Y n" 18 (#).—Net operat- ing income mmu xed charges and other income) of reporting today for e onth of Abril included: Southern Paoific __ 1345, 80 lloanu PHILADELPHIA PRODUCE. PHILADELPHIA. 18 (A.—Live »u}:n.“u-l ixed™ edtors. zlndxeuol 82%-3 rades, 33%-37; 93 score, FAILURES TOTAL HIGHER. NEW YORK, May 18 (#).—Business faflures for the week ended May 13 n: were 190, against 177 the ptwimu week and 208 for the sime week 1936, mnanndmmnmmy Electric Power Production (WEEKLY FIGURES) 'UESDAY, MAY 18, 19317. Sfage of Business as Reflected in 4 Leadlng Barometers STANDARD 6. & £. PLANIS PRESENTEI] Provides Note Extension. Preferred Committee Opposes Program. By the Associated Press. WILMINGTON, Del, May 18—An amended plan of reorganization of Standard Gas & Electric Co. was filed yesterday in United States Dis- trict Court. | The amended plan provides a 10- year extension of the $24,649,500 in |N notes due October 1, 1935, and would | permit a reduction of the funded debt of $73,649.500 6 per cent notes and | debentures, to $36,824,750 at 4!, per G G 8 Unpaid accumulated dividends to July 1, 1937, on the $7 and $6 prior | preference stocks would be liquidated, and an exchange of the $4 preferred stock for a new non-cumulative con- vertible second preferred stock and common stock authorized. The com- pany would be released from accumu- lated dividend obligations of $17.33 a share on the stock. Al Plan Dividend. NEW YORK, May 18 (#).—William M. Chadbourne, counsel for the Pro- tective Committee for the $4¢ cumula- tive preferred stock of Standard Gas & Klectric Co., announced last night the oommittee would oppose the amended plan of reorganization filed st Wilmington. Chadbourne said the committee con- sidered the plan “grossly unfair” to the preferred stockholders and would announce shortly further reasons for opposing the plan. Control Ended. CHICAGO, May 18 (#).—A state- ment issued by Bernard W. Lynch, president of Standard Oas & Electric, said the amended plan of reorganiza- tion marked the end of voting con- trol of Standard Gas by Standard Power & Light Oorp. The statement said that after this plan was consummated, the holdings of Standard Power would represent only & minority of the common stock | outstanding. OU can readily appreciate the many advantages of placing your apartment house and residential properties in the care of such experience and facilities as our Property Man- agement Department offers. Consult us for details. B. F. SAUL CO. 925 15th St. Nat'l 2100 Mortgage Loans REAL ESTATE LOANS On Improved property in D. C. and Arlington County, Va. T KATTELMANN, VICE_PRESIDENT JFRED H. BLANZ SECRETARY NRE! TREASURER P8 cir O Ratio of Operations to Capacity of Steel Mills NEW curity Dy Aetna Cas (2a) Aetna Ins (I.80)° Aetn fim Rel 4 S m Reins (40g 4 2 : Am Reserve (1a) Sais M“EV« YORK. May 1R (& i rices quote Am Surety (21,) | Qulomobne (1) _ Homestead (1) Knickerbocker (80) - Lincoln Fire . __ St Paul Fire (f) Springfield (4 12a) cen! un te | Travelers 16y S Fire dividend of 40 cents on common stock for the three months ended April 30, 1937 stated that sales and earnings for substantial gain over like 1936 period. | FINANCIAL KENNECOTT VOTES . CASH DIVIDENDS 125-Cent Special Ordered, With 50-Cent Payment Due June 30. By the Associated Press. NEW YORK, May 18.—Directors of | Kennecott Copper Corp. today ordered two cash distributions totaling 75 cents & share to stockholders. | They were in the form of a 50-cent dividend and a 25-cent special cash distribution. Both are payable June 30 | to holders of record June 4. (WEEKLY HGURES) | Three months ago a dividend of 50 | cents was ordered, while 85 cents was paid at the year end Ohio Leather Co. Ohio Leather Co. directors declared deferred first quarter dividends of $2 8 share on the first preferred; $1.75 a share on the second preferred and 25 cents a share on the common stock payable forthwith to stocks of record | May 18. Calumet & Hecla. Directors of Calumet & Hecla Con- solidated Copper Co. declared a divi- dend of 50 cents on the common stock, payable June 16 to stock of record May 31. Previous payments were 25 cents quarterly. Company owns producing property in Michigan and has head- quarters at Boston. INSURANCE STOCKS YORK; May 18 (@ —New York Se- s’ Association: Life (:X0a) quit (1.680a U. S. TREASURY NOTES. n dollars and thirty-secon: o Month. Year. 3 1047 104% Fire (1a) en Reinsur ( len Falls (1.60) lobe & Rep (.50) lobe & BLUEAIGTLSH RS OFFICE FURNITURE WE SELL, BUY OR EXCHANGE Desks Steel Files Tables Steel Cabinets Chairs Safes BAUM’S FURNITURE HOUSE 1416 Eye St. N.W. Phone NA 2184 N PRINTING STOCKET‘I‘- KE ruooucmo s‘uflous DIDE ST -N c\‘l — ———A 4 ife (3%g) - 1886 Bist Year 1937 §Declared of pald 86 far this year. of Progress Celotex Corp.—Declared an initial Payable June 10, company pril, 1937, quarter would show a MASHINGTON GAS LIGHT COMPANY Mort, and Deed of Trust dated January T IO APasaton Gas hereby gives notice that | provisions of ARTICLE XIf Gas Light Company Morig ted J: g REAL ESTATE LOANS RESIDENCE and 5% SMALL BUSINESS FRED T. NESBIT PROPERTIES. 1010 VERMONT AVE. DISTRICT 9392 TO t the question another way, we are Lo occasionaily asked, “Why can’t you hold up a check of mine for a few days until I can make a deposit to cover it?’ We are nstorally anxious to accommodate customers whenever we can, but to hold up checks is not sound banking practice. If we cashed a check for a customer when he had insufficient funds to cover it we would, in effect, be him money that belonged to someone elee. If we did this for him, other depositors of our bank would be entitled to the same consideration. Banks are required to list all overdrawn checks on their books as overdrafts. Such overdrafts are discouraged by all banking authorities and banks which permit them are subject to censure by the bank examiners. Conscientious, fair service to all customers, is the basis of all bank rules. McLachlen Banking Corporation Since 1891 TENTH AND G STREETS, N. W. S.W. Branch, 12th and Maryland Ave. S.W. Member Federal Deposit Insurance Corporation [Booklets covering this ser be nad upon request.l NO COMMISSIONS RENEWALS UNNECESSARY elpp]icafinns invited for LOANS on improved real estate in Washing- ton and Arlington County, Virginia. Rates and terms commensurate with security offered. Before you re- finance, build or remodel—See us. The American has been helping the people of Washington to acquire LY, homes for the past 63 years. American Building Assoriation ASSETS 300 Pennsylvania Ave. S. E. OVER $9,700,000 UNDER U. 8. GOV'T SUPERVISION