Evening Star Newspaper, May 20, 1937, Page 19

ft FIN ANCIAL. THE EVENING STAR, WASHINGTON, D, C., THURSDAY, MAY 20, 1837 ANCIAL A—19 CURB LIST EDGES TOHIGHER LEVELS Market Advance Is Led by Few Industrials and Utilities. 8y the Associated Press. NEW YORK, May 20—Under leadership of a few industrials and atilities, curb shares tended higher in | the late trading today Aluminum Co. of America gained more than 3, while Pittsburgh Plate Glass pushed up about 4. Up 1 to 2 ‘were American Cyanamid B, Arkansas Natural Gas A, Electric Bond & Share, Gulf Oil, Technicolor and Wayne Pump. International Petroleum, Lake Shore Mines, American Gas & Elec- tric and St. Regis Paper improved fractionall PHILIP MORRIS PLANS NEW RICHMOND PLANT By the Assoctated Press. RICHMOND, Va., May 20—Con- struction of a translucent-glass bric tobacco plant building. the first of its type in Virginia, will be started here by Philip Morris & Co., Ltd. early next month, officials of the compan said ‘Wirt Hatcher, manager of the leaf | department of the company, said the | new building will cost approximately $700,000 and will cover half of a square block of land purchased in South Richmond. When completed, probably in Octo- ber, it will be used as a combined cigarette, smoking tobacco plant and | stemmery, and will provide employ- | “ment for approximately 600 workers, Hatcher said. S MORE STOCK PLANNED BY LIQUID CARBONIC By the Associated Press. NEW YORK, May 20.—Liquid Car- bonic Corp. announced today a pro- “posal to increase its authorized com- | ‘mon stock to 1,200,000 shares from 400,000. | Under the plan each outstanding | Blue Ridge cv of 3 | Bohack HC 1st pf_ NEW YORK CURB MARKET By private wire direct to the Star. All time shown below is da: on which the Exchanke 2:30 Stock and Bales— Dividend Rate. Add 00. High. Low. Close. Aero Supply (B) 2 4 3% 8% Afnsw'th MCb25e 1 15 16% 18% Air DeviceCorp_.. 2 8 8 Afr Inv Inc war. 2 Ala Pwr pf (6) Alliance Invest. Alum'n Co of Am 8508 1453 U8 15 Alum (Am) pf (6) 100e 1175 1178 117% Alumn Goods b25e 2 17% 174§ 17% Aluminum Ltd __160s 10834 106 1083 Am Afrlines, Ina_ 218 a1 o) Am BookCo (4)_ 108 65 65 65 Am Box B'd(bésc) 7 214 204 21 Am Capital (B) 1 Am Centrifugal__. 8 Am Cit P&L (A) 31008 AmCP&I Aww2% 2 Am CitP&L Ba2te 5 Am Cynam B t60c 24 Am Egit (a223%c). 2 Am & For Pw ww. 1 Am G&E (1.40) 10 2 Am G&E pf (6)___ 50s 1095 109% 109% Am GenC'’p (a60c) 8 10 974 10 Am L&T (11.20). 8 19% 18% 19 AmL&T pf (13%)_ 1 28 28 28 Am Mfg Co (a3) 125 6035 50 503 Am Meter (b75¢)_. 8 45 445 4415 Am Superpower _ 110 13§ 1% 1% Am Superpwr pf._ Anchor Post Angostura (t20c) - Appalach EP pf 7 Arcturus Radio T. Ark Nat Gas __ Ark Nat G cupf__ Ark Nat Gas (A) Art Met W (80c) Ashland O& 1t T400 ASEILtd b36 2-5_ ASs0 Gas & Elee__ AsSSOG & 5 (A) _ A8s0G & E $5 pf_ Asso Laundries Asso Laund vte _. Atl Coast Fis b35e Atlas Corp war Atlas Plyw'd (1%} Austin Silver _ 1 Auto Products Auto Vot Meh 50¢ Axton-Fisher (A). Babcox & Wil (4). Bardstown Dist Bartum Stain St Baumann Co (L) Bell Atreraft Bellanca Alreraft. Bell Tell Pa pf 614 Berkey&Gay F Co Berk&GF pur war Bliss Co (E W) Bliss & Laugh(2)_ Blue Ridge (bl5c) Bourjols (a75¢c) . Bower Roll B (2)_ Bowman-Biltmore Br TL&P bioc. Brid'p't Mch b2sc. share would be exchanged for two | Tnew shares. The company manufacturers distributes soda fountains, carl gas and other related products. It plants throughout the country headquarters at Chicago. CURB BONDS I and nic has and \ z | Bunker H&Sulln_ Brill Corp (B). Brill Corp pt_ Brown Co pf Brown F&W b3oc. Brown kForman Buckeye P L (4) _ “ | | 101 ;”n' 10315 1051 Guuca Vel 75 Danzig Port tiias Denm Mt B x PR M 8506 b Pirst Bo G W Mendoz P 4 Saxon Pub W fis WW—With WAITants rants. §Negotiabil tCompanies X —\‘vuhou! war- Lan {mpaired by MArGFty. reported in receivership TALCOTT DIVIDEND VOTED. NEW YORK, May 20 (Special).— Directors of James Talcott, Inc., gen- | eral factors, have declared a dividend | of 15 cents per share on the com- mon stock, payable July 1 to stock- holders of record June 15, and a divi- * dend of 68% cents per share on the $50-par 5)2 per cent participating Preference stock, also payable July 1, to stockholders of record June 15. ’ : Can Hydr E1st ot 808 Can Car&Fdry pt_ &0s Can indus Alco A~ 1 Jan ‘wlurcom 2 1 City P 60e 1 | Carib Synd (5300, 1 Carnezie Me s 4 1o L&P pt (7)_- 108 irrier Corp 5 | Carter (JW) 80c_. 1 Casco Prod b2% __ 1 Catan Corp tasve) 5 Cen Hud G&E 80c. 2 Cent& S W Urtl 4 Cent States Elec 7 Cent St E16% pf 508 1f Pine r40c 1 Chief Con ) o foaces serv 44 | Cities Se E) Cit Sve P&L $7 pf 508 City Auto S J 1 Clark Con 1 5 - 2 Clev Tractor >3 1 Club Aluminum 1 Colon Dev Lid 6 Colon Dev 6% pf_. Colo Fuel&lr war. 2 Celts PFA b3T1te. 1 Col G&E ev Ll | Columb O&G b2uc. & Comwlth kdis T4- 1 Com with & S war 110 CompoS Mstetl. 1 ons Alrcraft 4 Consol Biscuit 60c 1 Cousol Copper 92 CGELt&P Bo3.60 1 Cons G Bo pf A(5) 10s Cons Ret Srsnew. 4 Cousol Steel Curp 4 Contl Roll& S Fy 8 Cook P & Var 160c 1 LCooper Bessemer. 8 ovnver Range = 2z Copperweld 7 d Lo Corp = 6 Corroon & Reyn _ 3 Cosden Oil Me (d) 1z Cosden(Me)pfid) 2 | Creole Petrol t50e. 19 rocker-Whaive. 4 Croft Brewing _ 7 Crown Cent ' abe. 4 Crown Dr (b20c)_. 2 Crystal Oil Ret 3 Cusi Mex Mining 20 | varby petr (50c). 8 | Dayton Rubber. 1 Oennison 7% pf__. 30s Derby 011 & Kef _ 2 Detroit Gr I new 1 Del tay Proa 3 Distill Ltd b27c. 1 | Domin S&C (B 2 Driver Harris 1% 1 Duke Power (3) 508 Duro Test ({6e) —. 1 | Eag Pit Lead bloc. 7 SUD G&F Asso 1 tn G&F As pf 3 1508 ast'n States Pwr 2 Easy W M(B)b25e 2 tlec Bond & Share 61 | Elec B & S of () 1 4 2 ZINe Emp G&EF ¥% p°__ 508 Emsco Derrick t1. 2 Equity Corp(a25e) 19 Burop'n El bd rts. 1 ans Wall Lead. 3 Kvans Wall L pf__ 2008 Fairchild Avalse 8 Falstaff Br (31%) 2 Fanny Farm C(1). 3 Eansteel Metal 2 14l M4 14y | Fe 5 384 3835 8884 Fisk Kut 3 14k 16 ladg Ford Ltd (b2 5 6% 6% 64 kord (Cani A 11). 8 23% 28 28% Ford (France) 18 ar i Eranklin Ray ag0c 2 113% 11% 11% Frocdt'tcv of 1.20 60s 173 173§ 1734 Gen Allove 1 4k 4y ey Gen Fireprfb2ic 2 19% 19 193 Gen Teleph (b23c) 9 17% 17 174 Gen I'ire & Kub T 29 iBlg 28k Georgia Pw Dt (6) 608 5% 75% 75% Glen AldenC (1) 2 113§ 11} 1134 Gorham (A) 1 6% 614 64 Gorham Mfvictl 2 244 24 24 irand Natl @ums 18 2% 2 2% Grand Rap Var (1) 1 W 143 4% Gray Tel P8 (1) 18 20 18% 19 Grt APTovt6 60s 90 8 90 Grt A&PT 18t pf 1176e 12134 12034 1203 Greentileld T& D 2 18% 18% 13% Gult Ofl (Pa)b25c 10 65 63% 56 Hall Lamp (80c) 1 4% 4% 4y Hartman Tobacco 1 23 2l 23 Hearn DepSb1.65 1 143 4% 144 Hecla Mining b4se 11 173 175 173% Helena Rubenstn 2 8 7% 7% HevdenCh (t2) _ 1 40% 403 0% Hires (CE)A(2). 50s 43 43 43 Hollinger «165¢) 1 11 11 11 Horn & Hardart +2100s 353 86% 354 Hud Bay Minb75c. 8 81 30% 2035 Punnle O (1Y) 2 7T T6ky 17 HygradeFood Pr. 8 4 4 ¢ Illinois lowa Pow. 2 8% 8 &% Ill lowa Pw pf 2% 4 20% 285 2055 1l lowa Pwdetfs 2 113 114 1134 Illinois Zinc b25c 1508 2904 28 = 1mp Ch Indta2ic) 1 9% 9% g3 1mp O1) Ltd 160c 12 213§ 214 214 Imp Ofl reg (t50¢) 1 213 215 21y IT GtB&1bS4lc_ 3 384 38l 381 Ind Pipe Linebi0c 1 113 113§ 114 Indiana Sve 6%pt mo- 28 22 28 Indus Fin vte - 6 14 14 Indus Fin 7% pf 5 125 125 128 Ins Coof No A 12 2508 €535 6435 64l 2:30 Stock and Bales— Dividend Rate. Add 00. Intl Hy El 8 cv nt Intl Petrolm t1% _ Intl Radio (b25c) Intl Safety Raz B_ Int] Utl) (A) __. Int] Uth (B) Int] Vitamin(50¢) Interst P(Del)pf Ital Superpwr(A) Jeanette Glss a60o Jer Cent P&L pf 7 Jones&Laugh Stl Ken Rad (A)37 ¢ Kingsion Prod 4ue Kirby Petrol (20c) Kreuger Brew (1) Lake Sh M (14) Lakey Fy & Mach. Lane Bryant p*® 7.. Leh Coal &N 30c_. Leonard Of1 Lion Of] Ref (1)._ Lockheed Afrcraft Locke St1 Ch t80c._ Lone Star Gas 80c Long Island Ltg__ Long I L pf A(T)_ Louis'a Land 40c._. McCord Rad (B) McWilllams D (3 Majestic Ra&Tel_ Mangel Stores Margay Ofl (a50c) Mass Util Associa Massey Harris Mead Johnson (13). Merritt C& S ot A AMecabt Iron Metal Textile 40c_ Met Tex pt pf t33 Mich Bumper Mich Gas & Of1 Midl'd O ev pf b2 Pet vte B_ Midwest Oil (11)_. Minn P§ pf(T) Molvbdenum Corp | Moodv's pt ot Moore Distille Mount C Cp . AMount Prod lSOc) Nat Auto (b1) __ Nat Baking Co Nat Bellas Hess _. at Container (1). Nat Rub Mch 200 Nat Service Nat Suear N J (2) Natl Transit bisc_ NeptuneM(A)a60e New Jer Zinc (1t ewmont Min Y Auction a2 Y Merch (80c) - Y Tel pf (6%) Niag Hud Pwr new iag Sh Md B a6oe ipissing (60c) North Am L & P North AmL&P pf 0 Am Ray A bi0e N Am Ray B bive Northern P L 7, N Ind 'S pf b8 Noris States P A | Novadel Agene(2) Ohio Edis pf (6) 8 16 E 3 = A AHBD O N R 0N 308 2 5 1 2 1 ) 4 1508 268 1 108 2 21 363§ % 18 Ohio Of1 cu pt (6) Ohio TS pf a(7) Okla NatGas ____ dideryie Distil PacG&E 1stpf 1% Pac inspec (12) 100s 3834 Pan-Am Air (t1)_ L 64, Pantepec Of1 107 8y Pender Gr(B)as0c 1 9 Penna P&L nf (7) 508 93 | Penna Saltb3a, 100 174 | Pennroad aze) . 17 414 {Penn Wat& P (4) 1 77y | Pevperell Mfe t6 250 131 | Phila E1 Co pf (3) . 258 1123 N i Neeur 3 Pioneer Gold (40c, 7 4 2 Pleas Vall W (bse) 2 Potrero Sugar 2 Powdrell&Al t60c 3 Producers Corp 1 Prosperity Baly% 1 Pub Sve Ind pr pt 100s | Puz SO P&1 $6 pf 3250 Quaker Oats (5) __ 208 | kambow Lum (a) 2 Raym’d Cone (11) 1008 Red Bank LT Reed Roll B 180c . 1 tier ‘oster 8 Reynolds Invest _ 3 Richm'd Radtator 2 Root Petrolm b2sc 4 Royalite Oil (12)_ 1258 Rustless Ir&stl 4 Saf Car H&Lt b1%100a St Antnonv Gola ¢ St Lawrence Cpf_ 258 32 St Regis Paper 12 9 St Regis Paper nf 75s 105 {Samson Unitd C'p. 1 ¢ | Scovill Mfg (b50c)250s 4135 Sezal ock & H 1 2 | Selfridceal9®sc - 6 214 SentSaf Control_. 3 14 Seiberling Rubber 2 7 Selected ndus 2 2 Sel Indallcfs 634 100s 10114 Sel Ind pr pf « su.:snv 9 11nd pf b371, 3 26 Seton Leath nfiUc_ 105 Seversky Afrcraft 6 415 Shattuck Den Min 14 18%4 Shawin W & P80c 3 2714 Sher-Willms (14).100s 125 | Sherwin W pt (5)_ 20s 110 Singer Mfg Ltd rets (a8 4-5¢c).. 2 6 Singer Mfg (16)__ 108 296 Sonctone C (a10e) 2z 134 Soss Mfg (50c).__. 1 SoCalEdpfC1% 4 Southn Union Gas 2 Southl'd Roy bl0c. 15 Spanish&Gen rctg 2 and Inv pf ww_ 3508 Stand O1l Ky (t1). 2 Stand Pwr& Lt _. 7 Stand P& L (B) . 2 Stand Prod (b25c) 4 Stand SI&Ld (4c) 3 Stand Tube (B) __. 8 Sterch) Bros a 4 Sterch 508 Sterl'z Brew a7sc. 1 Sterling, Ine t20c. 1 Sullivan Machine. 5 22 Sunray Oil (bsc) 15 334 Supertor Port CB 100s 17} Sunshine Min (3). 2 184 Taggart Corp 2 1% Taylor Dist (30c). 2 3% Tech Hughes t40c 1 5 Technicolor a50e. 194 31 Texon Oli& L 60c 1 8 Thew Shovel a50c 4768 62 Tob Prod Exp 16c. 1 8% Tonopah M (abc). 1 14 Tr-Lux DPS t20c. 11 4lg Transwest OllCo_ 8 1134 Tr1-Contl C war 1 1% Tubize C (A)a21. 1 79 Tubize Chatillion_ 16 29 Tung-Sol L pf8vc. 1 104 Unexcelled Mfg__. 8 2 Unit Chemical 1 8 United Corpwar_. 2 1 Unit GasCorp __ 85 9% UtdGaswar __ 1 215 UnitGaspf b3l _ 2 109 Unit Lt&Pwrpf A. 11 6 Ut PRL pf b37%c_ 6 Unit Shoe M 1234 _ 126s USFoll (B) (1).. & US & Intl Secur.. 1 U S Lines pt 1 USPlay Cards 1. 508 2734 US Radiator ___ 1 12 U S Rub Reclatm_. 1 7 Unit Shipyds B_ 2 2% UnitStoresvte___ 5 % Unit Verde Ex (1) 35 4% Unit Wall Paper__ 17 414 UnivCorp'n v.te.. 1 63 Utlitties P& L (@) 6 35 Utll P& L pt (d) 2508 16 Utility Equities 2 44 Utility Eq pf b4% 508 177 Valspar vtc 1 6l Van Nor Ma bt0c_ 8 263 Venezuela MexO_ 3 173§ Venezuela Petrol. 2 2 Walker Mining 2 8 Wayne Pump b1l 40 473 Weisbaum BB 40c 1 934 Wntwth Mfgblsc 8 64 W VaCoal& CoRe 2 4§ Westn AuSb40c_. 10 29 West Tex Ut pf(6) 30s 88% Wil-low Cafeteria 2 % Wil-low Cafepf... 2 8% Willson Prod (+1) 1 163 WisP&Lpf b1.31% 20s 81 High. Low. Olan 264 2634 8634 u% % 16 1% 33 9% 1 74 9 101 22 644 614 1634 513 64 100 8 134 20% i 1434 1074 3% 9 12 kil 28 3 ki 2134 3 12 12 6 1043 6 a1 234 2% 173 125 110 361 | lent | pared RAYBESTOS PROFIT WELL ABOVE 1336 Quarter’s Net of $674,504 Compares With $365,721 Year Ago. Ps the Associated Press. NEW YORK, May 20.—Raybestos- Manhattan, Inc, reported March quarter net profit of $674,504, equal to $1.06 a share on capital stock. This compared with $365,721, or 57 cents a share, in March quarter last year. Company specializes in asbestos and rubber products, having damestic plants at Bridgeport and Stratford, Conn.; Passaic and Whippany, N. J., and Neenah, Wis. Symington-Gould Corp. Symington-Gould Corp. reported for quarter ended April 30 net profit of $456,195. The company was formed in Octo- ber, 1936, through a merger of Sym- | ington Co. and Gould Coupler Co. Principal products include locomotive and car accessories. Plants are at Rochester and Depew, N. Y. Kentucky Power, CHICAGO, May 20 ().—The Ken- tucky Power & Light Co. reported first quarter net deficit of $20,139, compared with a net income of $23,208 the corresponding 1936 period. Oper- ating revenues dropped to $155815, compared with $185341 a year ago. The first quarter included the Ohio flood period. Southwestern Gas. Southwestern Gas & Electric Co., | Shreveport, La., reported first quarter net income after preferred dividends of $242.821, compared with $167,303 the corresponding 1936 period. Cherry-Burrell Corp. Cherry-Burrell Corp. reported for six months ended April 30 consoli- dated net income of $612,257, equiva=- after dividend requirements on 5 per cent preferred stock to $3.89 a share of common stock. This com- with net income for the like period last year of $450,768, equal after dividends on the old 7 per cent preferred stock to $2.81 a share of common. Colorado & Southern. Colorado & Southern Railway Co., controlled by Chicago, Burlington & Quincy System, reported for year ended December 31, 1936, net loss of | $488.143, against net loss of $846,550 | in 1935. LIVE STOCK RECEIPTS AT FORT WORTH SOAR By the Associated Press. NEW YORK, May 20—W. K Wright, president of United Stock- yards, Corp., said heavy marketing of sheep and lambs in recent weeks had | boosted receipts of the Fort Worth, Tex., stockyards in April to a position second only to the Union stockyards at Chicago. the country’'s largest mar- ket yards. “Prospects in that territory for the balance of the year are exceptionally good,” Wright said. Compared with April, 1936, Wright | sald receipts the Texas city showed | a gain of 1,837 carloads, and put the total for the first four months “well ahead"” of the same period last year. DIVIDENDS ANNOUNCED NEW YORK May 20 —Dividends de- glared (prepared by the Standard Statistics Corp.) : Extra. Pe- Stk of Pi Rate. riod. record. Essex Co 50c Bremier Gold Mining~ 1c Rochester Button Co.10C —a Special. ard Wh Frosphate & Acid Initial e strs Edison_ Bros Do 3%, bl Interim. i0c Peninsular Met Penn Salt Mfg Rochester Button Co - Safety Car H & Lt S250 Resumed. Canadian Canners eV -==15¢ Accumulated. Amer Wo 7% P Gio bt & 015" Muskegon RE6t Spec cv Na m.\l Grocen v s Lna.nrr 7% pr of ik - 6-10 7-1 Regular. Amer Sugar Refin fmer Suzar Refin pt 81 Driver-Harris pf Empire Pow Si pf Empire Pow partic Magma Copper McCahan Sug R of Memphis P&L $7 pf Memphis P&L 86 pf Neisner Bros Park & Tilford Eremier Gold Min Raybestos-Man James Talcott Union Pacific 5 Yellow Truck & Coarh 7% cum pf S175 Q DODODOOOODD LOOD 6-15 SHORT-TERM SECURITIES. (Reported by Chas D. Barney & Co) Offer. Amer Tel & Tel 5'us 1 11 Auburn Auto Co 4355 1 Baldwin Locom Wks 5 Calif Packing Corp Caro. Clinch & Ohio 5s Chesap & Ohio R 5s 1 Edison Elec Tilum “$s Gen Pub Ser 5lus 1931 ul g Grand Rap & Ind 415 Houston O t 5s 1930 Lehigh Valley Coal 631998 Lehigh Val Tr R 7 41 Long Telana Gen 35 134 Louis & Nash R R 45 1940 Pac RR of Mo 45 19. Penn-Dixie Cemedm 051941 Penna R R Co 4s 1943 Rio Grande Westn 45 1039 u Bell T & T bs 1941 FormoRR Asn StL 4345 °39 Vanadium Corp 5s 1 1 Vertientes Sugar co iy 1042 Wabash Rwy Co 5s 193 WarRer Bros s Todb a5 Western N Y & Pa 45 1943 107 0RY, Western Union Tel 55 1338 102 102% —_— 2:30 Btock and Bales— Dividend Rate Add 00. High. Low. cmu Wolverine PortC 4 & 4 Wolver Tube b20c. 1 14% 14% u;( Woodley Pet t40c. 2 835 8 8l Wright Hare t40c 26 6% 64 6% Ygstn Steel Db1y 1 67 67 67 Yukon Gold(al3e) 65 8 8 3 Dividend rates in dollars based on last quarteriy or semi-annual payment. tAn- nual rate—not including extras. tAe- Sumulated dividends, aPaid lsst year. Im.nm '211- year. rewng : being reorganized mn the mmv act, or securities assumed by azies. | clared a di United controls the Forth Worth | ALL FARM PRODUCTS (Gov't Avnraqo) Now 835% of May, 1925, How Present Prices Compare with Those Prevailing in May 1929 19 720 s Prvone ) LOEW'S DECLARES . EXTRA DIVIDEND | Payment of $1.50 Added to Regular 50 Cents Per Common Share. Bs the Assoctated Press. NEW YORK, May 20 —Direstors of Loew’s, Inc., declared today an extra dividend of $1.50 and a regular quar- terly of 50 cents on the common stock, both payable June 20 to stock of rec- ord June 12. An extra paymerm of 50 cents a share was made March 31, last Texas Gulf Sulphur. Texas Gulf Sulphur Co. directors declared an extra dividend of 25 cents and a regular quarterly of 50 cents, both payable June 15 to stock of rec- Bristol Brass Corp. Directors of 51 Brass Corp. de- clared an ext nd of 30 cents and a regular quarterly of 50 cents on the common stock, Loth payable June 15 to stock of record Mav 29. The | company paid an extra of 3 | March 15, last. Bristol Brass i cated at Bristol, Conn. Motor Products. Motor Products Corp. directors de- end of $1 on the common | stock, payable June 30 to stock of rec- of 50 cents a share was made. company makes a automobile accessories | at Detroit, Washmgton Exchange SALES. Capital Transit Co.—10 at 10'g, 10 at 10%s, 10 av 10'5, 10 at 104, 10 at 1 8 at 10!, meoln Service pfd.—10 at 49, 10 at 49, ‘ AFTER CALL. “\IergenLhalPr Linotype—10 at 461} | 10 at 46 Anacostia & Powmu R. R. 55—$1,000 at 73. Capital Transit Co—10 at 10's, 10 at 1015, | Capital Traction 5s—$500 at 89, Bid and Asked Prices. BONDS. PUBLIC UTILITY. Pot Wash. Gas Wash Koy, £'mee. s MISCELLANEOUS. Club 5135 _ MO Sormes 23 STOCKS. PUBLIC UTILITY. & W BANK AND TRUST COMPANY Amer. Sec_ & Tr. Co. (of) of Bethesda (H.75) Santtal” ¥ = Com &S\\lnqs(lfl! 255 Liberty | Lincoin e = Natl_ Sav. P Gemees BR & Tr. ¢ Riggs (eS) Riggs pfd shington ;. (3) (6) Wash. Loan & Tr. (eR) 300 3 FIRE INSURANCE. American (6) Corcoran (5) 215 Firemen's_(1.60) National Union: (.60) TITLE INSURANCE. Columbla (.30) 151, Real Estate (6) 1 - MISCELLANEOUS. Carpel Corp (2.00) 20 268 Lanston’ Monotype (i4) 50 85 Lincoln gerv. com (11000 13 17% Lincoln Service pfd. 51 Mergenthaler Lino. w‘ 4615 Peoples Dr. Str com“i{’ 1.00) 5: Peoples Dr. St. pfd. Real Est. M.&G. pf. Security Storage’ (5) Ref. & Wh. Corp. (3) Wand & Loth Com. (1150) Wdwd: & Loth. pfd 1 *Ex-dividend. FPlus extras (e) 2% extn extra. (H) 75c extra_ (*%) 30, 1936. paid December INSURANCE STOCKS NEW YORK. May 20 (P.—New York Security ‘Dealefs” Assoclation: © Aetna Cas (2a) & “oeig Aetna Ins (1.60) Aetna Life (:R0a) Hanover Hartford Fire Home Fire Sec Home Homestea Kohokaruotker Lincoln PFire Maryland Cas M Ins (i) N NY ) ixtra OF exXtras. & Declated "or paid s> far this year. ord June 1. On March 15 the com- pany paid a lar dividend of 50 | cents. | ord June 19. On March 31 a payment | The | POTATOES REVERE BRASS RAISES QUOTATIONS ON COPPER B the Associated Press. NEW YORR, May 20.—Revere Brass & Copper Co. increased prices of all copper products one-fourth of a cent a pound, except copper pipe, water tube and scrap, and most other manu- facturers followed suit today. General Cable Co. and Anaconda Wire & Cable Co., however, main- tained prices at the previous levels. Higher production costs, principally wages, were given as the reason for the increase. SR O PARAMOUNT CALLS VOTE ON CHANGES Holders to Take Action June 15 on Zukor Contract and Stock Proposal. BY the Assoclated Press. NEW YORK, May 20.—Changes in the company's capital structure and | its contract with Adolph Zukor, as} head of production activities. will be | considered by Paramount Pictures, Inc., sharcholders at a special meet- ing called for June 15, it was an- nounced Zukor's present contract, effective | August 1, 1936, provide for a salary of $3000 a week to December 31, 1937, and additional compensation equal to 7', per cent of the first $2,- | 500,000 of profits and 5 per cent of | such profits in excess of $2,500,000 from film operations for the period between August 1, 1936, and July 31, | 1938 | With the approval of sto(khniders\ the board is authorized to renew the | agreement for a period of not more | than three years from January 1,| 1938, upon substantially the same | terms | Stockholders will be asked to ap-| | prove an increase in authorized com- | | mon stock from | 6,000,000 A 4.500.000 shares to shares, and also to reduce first and second preferred stocks by the number of shares which will have | been converted into common prior to | the meeting. BITUMINOUS OUTPUT | UP SHARPLY IN WEEK The National Coal Association, from | incomplete carloading reports from the railroads, estimates bituminous coal production in the United States for | the week ended May 15 as approxi- | mately 7,125,000 net tons. Production | for the corresponding week, 1936, 6,744,000 tons; 1935, 5,872,000 tons. | The report of the Bureau of Mmesl shows production of 6,757.000 tons for | the week ended May 1 and 6.980,000 | for the week ended May 8, 1937. Production calendar year to May 15: 1937, 174,571,000 tons*; 1936, 154,673, 000 tons. *Subject to revision. NEW YORK SUGAR. NEW YORK, May 20 (P aw gugar was unchanged early today at 3.45 for spots with no sales reported Futures were irregular, 3 May de clined 4 points at the outset 1o 24 | under liquidation promoted by the iAo ence of additional notices. but when they were “stopped rallied to 2.4% on in- creased covering. or 4 points net higher. Other months. after opening about un- changed rallied in sympathy with Juiy. selimz, fron 241 September 243 T from 3500 1 878 bt het 4+ contract start on_covering abroad was firmer from the against sales of sugar and European and commission house buying encouraged b. of the London market. Jul ity t 13314 to 412 points net higher. | and ‘were ruling within a fraction of the besi at midday | Refined. was. unchanged at 1 granulated. Business was rou 0 for fine FOREIGN EXCHANGES. NEW YORK. May 20 (P.—Foreign ex- change mixed' (Great Britain in' dollars, others in cents) GrEIt Britain, demand. 4.04'4: cables, 40400, o0-day bills, 403, France de: cables. 4.46: "Italy. demand. 108504 19 6: il4: cables. 5.9614, Demlnd~TBelf‘lumt Germany, free, travel. B ni 2 8515 Spain Giloted: Portural 4 50: Greece. D1 19.00;" Czechoslovakia, 3.49: Yugoslavia. | 4, 3 e Hunnr) 19.80. Pumania { Argentina, Brazil, 8.80Yen TR R Shanghal 3 Hongkong, 870 Mexico City, Montreal dn New York. 100.10% York in Montreal, 99.89) n—Nominal. FOREIGN MARKETS. LONDON. May 20 (P —Indicstions of | higher {7eizht and_ passenzer Soitased strength and aciive tradine’ i home rails on the Stock Exchange todi Minor losses predominated in the trai Atlantic group. Mining issues and in dustrials were about steady. Gilt-edge stocks were quiet. German bonds had a firmer tone. 18.—The Bourse closed irregular to- day. International issues continued firm. Banking shares were in demand. Govern- ment bonds were easier. Suez Canal closed with a gain of 430 points and Bank of France advanced 55 DoInis. PHILADELPHIA PRODUCE. PHILADELPHIA. May 20 (#.—Live poultry—Fowls; Plymauth “Rock, * fancy, 3 pounds or over. 2 Reds. brofers, 1780 Lexhorns. 1Raz0 ducks, White F Bekine souns. | 3a1s; turkevs, he 7 T ested pouitry—Fowls, fresh killed, in boxes, XS‘/)I 212: old roosters, dry picked, Bt teady, 4.407 cases. s L 4.407 Buiter. top erades.” 33-36%; 92, 32%- 32%; 91, 32. —_— RAILWAY INCOME. NEW YORK. May 20 (/.—Net operating income (before fixed eh-un and_other come) of raf rting today Aprll ineluded: 1087, 1036, Onion Pacific_ $177.545 $475.683 Decline Revealed In Operating Net Of Nickel Plate By the Assoctated Press. CLEVELAND, May 20.—The Nickel Plate road reported net income of $105,801 for April, a decrease of $217,- 790 under April, 1936. For the first four months of 1937 net income was $1,071,753, an increase of $289,040 over the same period in 1936. Railway operating revenues for April were $3,570,395, an increase of $259,- 363, and for the four-month period, $15,024160 an increase of $2,034,37: U. S. TREASURY NOTES. NEW YORK Mav 20 (#.—Prices quoted in dollars and thirty-seconds: Month Year. Sept., 143 Approx BOSTON WOOL MARKET. BOSTON. May 20 of ~ Agri oday 3 and “delivered aFieece wool taining and ng [3 threeceighins and ayarter bl lood gether, offered at a $0°Cents i the srease aelivered PRIGP B RAT Y JUD adequat over 40 Over Forty Years 0 Experience First Mortgage Investments MEOFRETH@E A G E AN INVESTMENT GOOD —because it meets the two important considerations of FIRST MORTGAGES have been in favor with large and small investors for these reasons. B. F. SAUL CO. National 2100 925 15th St. N.W. CLEARINGS RISE - SLIGHTLY IN'WEEK | Total for 22 Leading Cities | Climbs 7.8 Per Cent Above Year Ago. | By the Associated Press. | NEW YORK, May 20.—The amount, | of bank olearings in the United States | during the latest period was lifted above the total of the week before and | that of a year ago. | The total for 22 leading cities, as | reported to Dun & Bradstreet, for the week ended May 19, wa $5,685,044,000 against $5,275,135,000 in the same 1936 | week, a rise of 7.8 per cent. This contrasted with a percentage gain of 3.4 in a similar comparison a | week earlier. Volume at New York City of $3,314,« 700,000 virtually was unchanged, come pared with the $3,331,140,000 in the previous period, but advanced 2.0 per cent over the $3,251,027,000 in 1936. At outside centers the aggregate of $2,370,344,000 showed a rise of 17.1 per cent, in comparison with the $2.- 024,108,000 in the corresponding time & year ago. All individual cities included in the | report showed gains, the largest ap- pearing at Buffalo, Pittsburgh, Cleve- land, Cincinnati, Richmond, Detroit, Louisville, Dallas, Portland, Oreg., and Seattle. Bank clearings were larger by $288.- 752,000 than in the week preceding. Between the two similar weeks of 1936, the increase amounted to only $55,776,000. Figures at leading cities, together With percentage gains, compared with those of 1936, follow; also daily aver- age bank clearings for March, April and May to date (Totals in thousan 50 TONS OF LEAD SOLD. NEW YORK, May 20 (#,—The St Joseph Lead Co. rep hat 50 to: of pig lead from Sou Missour: | mines were sold yesterday at $5.85 100 pounm St. Louis. NEW YORK BAR SILVER. NEW YORK. May 20 (#)—Bar ver easy, lower at 447 per MANAGEME B GMENT APPROVES liberal interest — ely secured principal. For years our REAL ESTATE L O A N S STOCKS — BONDS — COMMODITIES Our facilities for executing orders in - Secunty and Commodity Markets include Drrect Private Wires to each of our offices and to the prncipal markets AUCHINCLOSS, PARKER & REDPATH 719 Fifteenth Street, Washington Members New Youx Stock Excuawce New Yoax Corrow Excuancs N Y Cuns Excuanor(Asoc ) New Youx Provuce Bxcuancs New York Baltimo: LONG TERM Mortgage Loans Monihiy $6.60 on Cwicago Boano or Taane Cricaco Meacawrins Excuancs Commoviry Excuance Inc Wasmincron Srock Excmawos Wilkes-Barre Philadelphis 5%~ Payments of each $1,000 borrowed, include interest and pay off loan ® Interest in 20 years. charged only on unpaid balance of principal. ® Amount loaned—up to 66%5% of appraised value. ® Valuable leges. Other plans mortgage prepayment privi- of financing first loans available H. L. RUST COMPANY 1001 Hifceenth St NAtional 8100