Evening Star Newspaper, May 21, 1937, Page 18

A—18 ¥xx INSURANCGE CHIEF Batchelder, Holleman Are Chosen Vice Presidents by D. C. Underwriters. BY EDWARD C. STONE. Paul H. Primm, with the Mutual Life Insurance Co. of New York, has been elected president of the District of Columbia Life Underwriters Associa- tion for the ensu- ing year, succeed- ing Laurance H. Riggles, the board of directors an- nounced today. Winthrop G. Batchelder, man- ager of the Con- necticut General Life Insurance Cos office here, was chosen first vice president, f and Vernon Ww. Holleman, general agent, Home Life Insurance Co. of New York, was named vice president. The mnew president, Mr. Primm, attended George Washington Univer- sity, graduated from Georgetown Uni- versity in 1917 and has been active in the underwriters’ association since entering the insurance field 16 years ago. He has been associated with his present company a little more than 13 years, is a member of the Board of Trade, a past president of the Life Insurance Club and a former chair- man of the Board of Trustees of Cal- vary Baptist Church, Mr. Batchelder has been a writer and lecturer on various insurance sub- Jects. Since coming here three years ago he has served as registrar of the | Life Insurance Institute and vice chairman of the National Member- ship Committee. Mr. Holleman was chafrman of the managers’ section of the association last year and was president of the Mississippi Life Underwriters’ Asso- ciation before coming to Washington. He is secretary of the Law and Legis- lative Committee of the National Association of Life Undewriters. Paul H. Primm. McClellan on Bank Program. President William McClellan of the Potomac Electric Power Co., this city, will be one of the speakers at mc| coming convention of the Distrot!} Bankers' Associa- tion, Program Chairman Charles H. Doing announced toda; Dr. McClellan f will give one of the priacipal ad- dresses, his sub- Ject being “Hop- ing and Trust- ing.” He is ex: pected in his talk to review some of th: major problems now appearing on the business horizon, the association members being anxious to get the views of some one of their own circle on the business and eco- nomic outlook. Dr. McClellan was for- merly connected with the Wharton School of Finance and has long been & close student of economics. William McClelian. Vandoren Addresses Bankers. W. T. Vandoren, vice president and cashier of the Liberty National Bank, addressed the joint session of the Auditors and Fiduciaries Sections of the District Bankers at the Lafayette Hotel last night. His talk was of equal importance to both sections. He declare that maintenance of proper records is essential to the ef- ficient operation of a bank's trust| department. He advised bank auditors that trust department aud: ould be conucted for the purpose of determin- ing the true condition of the depart- ment; to see that all trust assets are properly accounted for, and to ascer- tain as far as possible whether the governing rules, regulations and laws are being complied with properly. A forum discussion followed his re- marks. About 100 bankers were pres- ent, Millard S. Yeatman presiding. Stock Being Offered Here. A new issue of 60,000 shares of ‘cumulative prior preferred stock of the North American Finance Corp., & personal finance company with headquarters in Richmond, Va. is being offered today by a group which includes Hertz & Co., Inc., Southern Building. The stock carries warrants for the purchase of class A common stock. The company operates 20 offices in 6 different States, including Virginia, starting in Richmond in 1923. Net income in 1936 amounted to $95,442. Secretary Morgenthau announced a Treasury offering of $100,000,000 in bills to be sold between now and Monday, thus continuing the regular ‘Treasury bill financing which has been carried on for the past six weeks. ‘The Richmond Reserve Bank notified Washington banks of the offering today. Morgan Stanley & Co., Inc., and sssociates will be the underwriters of the $24,000,000 Buffalo Niagara Elec- tric Corp. bonds and notes. The offering may be along late in June. Heard in Financial District. Securities on the Washington Stock Exchange turned more active yester- day, catching the spirit of the New York exchange. Capital Transit fig- ured in the largest turnover in a long time, eight different sales taking place, all at 10's. It was the first exchange session after the announce- ment that Congress proposed to in- ‘vestigate the transit company’s af- fairs and possibly limit fares to 7 cents. Other sales included trans- fers in Lincoln Service preferred stock, recently listed, at 49. Bonds were also in better demand. The Washington office of Fenner & [Beane is distributing a review of the petroleum industry which states that present conditions are highly favor- sble and adds a prediction that this 10718 154 T34 ll 187 99 "t‘i § 37 1161 181y 367, 521y 9% FINANCIAL. Stock and Dividend Rate. 4614 Abbott Lab (11.60) 15 Adams Express b30c 2415 Adams Millis (b1) _. 67% Alr Reduction (t1)_ 2%, Alr-Way Electric_. 1134 Alaska Jun (t60¢) 312 Alleghany Corp._. 4315 Alleg pf Wy $30_. 394 Alleg Corpt pf._.. 33 Alleg Steel (L 0c)__ 19% Allen Indus 1) 218 Allied Chem (6) _. 2414 Allied Mills (b2) 15 Allled Stores (b20c: 5814 Allis-Chalm (b50c)_ 4% Amal Leather 90 Amerada Corp (2) 83 Am Ag Chm Del b1_ 211 Am Bank ! Jte (1) 57% Am Brake Sh (12) 95'% Am Can (t4) i 5013 Am Car & Fy (b25c)x 87 Am Car & Fy pf(b4) Am Chain & Ca bl__ Am Chain& Cpf6_. Am Chicle (t4) 8% Am Encaustic 10% Am European Sec T4 Am & Forelgn Pwr_. 45 Am & For Pw $7 pf_ 18!2 Am & For Pw 2d pf_ 6's Am Hide & Leather. 372 Am Hide & L nf (3)_ 42 Am Home Prod 2.40_ Am lce 13' Am Internt (a40c)— 4213 Am Locomotive _ 1“4 Am Loco pt (a3) 201 Am Mach & F (t1) . 9 Am Mach & Met 600. 4513 Am Metals (b25¢) - 8's Am Power & Light_. 43% Am Pw & Lt pf (5) 53 Am Pw & Lt pf (6)— 20'¢ Am Radiator t60c .. 315 Am Roll Mill +1.20.. 22% Am Seating (a2%)_. 41 Am Shipbldg (2) __ 79% Am Smelt & Ref(3). 105 Am Sm & Ref pf(6). 13813 Am Sm & Ref pf(7). 4875 Am Steel Fdry (b1). llr‘\'z Am Steel F pf (7). Am Stores (2)_ 4313 Am Sugar (2) 21 Am Sum Tob ('l)«- 160'x Am Tel & Tel (9)_. 741¢ Am Tobacco (5).__. 74'x Am Tobacco B (5) 13's Am Type Founders. 16% Am Water W (S0c) 964 Am Wat W 1st p (6) 8% Am Woolen 3 593 Am Woolen pf (b2). 6% Am Zinc & Lead .__ 47% Anaconda Cop (t1)_ 18 Anchor Cap (60c) _ 106 Anchor Cap pf 6% . 53 AP W Paper 40 Archer-Dan-M(12)._ Armour of [11(b35c) Armstrong Cork(2). ‘s Assoc Dry Goods _. Atch T & S Fe(a2)_. Atch T& SF pf(5). % Atl Coast Line(al)_ Atl Gulf & Wst Ind_ Atl Refining (11)_ 108 Atl Refin pf (4) 15% Atlas Corp (80c) 2175 Auburn Auto 32 Austin Nich pf (11). 5% Aviation Corp Del_. 6% Baldwin Loco (d; . 5% Baldwinasd (d) _ £81; Baldwin pf asd(d) 20% Baltimore & Ohlo 3%« Baltimore & Oh pf 381; Bangor & Ar (213) % Barber Co (b23¢) 2414 Barnsdall (1) 195 Bendix Aviat'n b50c. 20% Benef Ind Ln (bd5c) 73 Bethlehem Steel(bl, 18'3 Beth 5% pf (1) 2 115% Bethlehem pf (7). 176% 129% 100 40% 1134 48y 8214 39% 1234 86%, 23% 82 60% 111 704 3% 8t 10% 271 157 1354 218 92 10% 40% 1031 113 443, 98% 1307 250 623 517 30 29 207 3919 691, 80% 21% 414 758 45% 19% 94 year's earnings will be well ahead of 1936. E. A. Plerce, senior member of E. A, Pierce & Co., has been elected presi- dent of the New York Association of B8tock Exchange Firms, succeeding Frank R. Pope of Paine Webber & Co., who is now on the Stock Exchange governing board. Mergenthaler Linotype sold at 46 on the Washington Stock Exchange to- day, Riggs National Bank common stock came out at 110 and Lanston Monotype was in good demand at 94. ‘There was also a fair bond turnover. 49% 108 5% 18% 1314 1T% 1057 105 1% 13% 523 3T% 378 5% Bank clearings in Washington for the week ended May 19 totaled $28,- 004,203.29, an increase of 12.3¢ per oent over the same week last year and 14.35 per cent over the previous week this year. 121 8% 27! Black & Deck b50c¢. 22 Blaw Knox (b20c) 8515 Blumenthal Df(s"l) 31% Boeing Airplane _. 407 Bohn Alum & B(3)_. 24'¢ Borden Co (1.60) 3875 Borg-Warner 84 Boston & Maine 15 Bridgept Brss(60c 41Y% Briggs Mfg (12) _ 25% Bklyn-Man Tr (4) Bk Man T pf(€). 3% Bklyn & Queens _ 31 Bklyn Un Gas(1.60) 45'2 Brown Shoe (3 17% Brunswick-Balki 157x Bucyrus-E 8% Budd (EG) Mfg____ 8 Budd Wheel(a20c)_. 31 Bullard Co (hi0e) _ 50'% Bulova Watch (14)_ 251 Burr Add M (80c) 7 Bush Terminal 1312 Butler Bros (60c)_. 287 Butler pf (1%) 4'2 Butte Cop & 7(a5c) . Byers (A M) _ 9%y Byers (A M) pf 27 Bvron Jackson (t1). Calif Packing (1%). 23 Callahan Zinc-Lead 12 Calumet&Hec bisc.-. 26 Campbell Wy (11). 251 Canada Dry G Ale.. 12% Canadian Pacific _. 48% Cannun Mills(b50c) 50 Cap Adm pf (A)(3). 7 Carriers & Genb 5c. 138 Case(J I)Co (4)_ 116 Case(J I)Co pf(7) 8514 Caterpillar Tr (12). 267 Celanese (b75¢c) 10612 Celanese pr pf A(7). 3612 Celotex Corp (bd0c) 733% Celotex Corp pf(5) - 31 Cent Aguire (113%). T% Central Foundry 60 Cerro de Pasco (4). 1414 Certain-teed Prd 60's Certain-teed f (6). 35% Champion Pap (t1). 108 Champion P pf (6) 19 Checker Cab Mfg 7% Chesapeake Crp(3). 547 Ches & Ohio 12.80 _. 675 Chi & Est [11 pf (d) . 215 Cht Grt West (d)._. 12 Chi Grt West pf (d) 8 ChiInd & Lpf (d).. 244 Chi Mail Ord t115 __. 2 Chi Mil St P&P (d) . 4% Chi M St P&P pt(d). 312 Chi & N W (q) 21 Chi Pneumatic Tool. 55% Chi Pn T pf b87 %ec_. 2% Chi R 1 & Pac (d) 5% Chl RI&P 6% pf(d). 6% Chi RI&P 1% pf(d). 1814 Chi Yellow Cab (2)_ 1214 Childs Co 106%; Chrysler Corp b31§_ 187 City Ice & Fuel (2)_ 83% City [ce & F pf 64 _ 7 City Stores __ 321 Clark Equip(+1. 60) 100 Clev C C & StL pf(5) 105 Clev El [llupf 4% _ 35 Clev Graph Br (2) .. 78 Cluett Peabody (3)_ 126 Cluett Peab pf (7) __ 19% Colgate-P-P(t50c) - 5184 Collins & Aikn (12). 33 Col Fuel & Iron(bl) 20 Colo & South 1st pf_ 2114 Colo & South 2d pf_. 11 Columb G & E1(40c) 31 Columb Pic vte (t1) 56% Comcl Credit (t4)_. 6315 Comel Inv T (t4)__. 13% Comcl Solv (t60¢) ... 2 Comw & Southern_. 47% Comw & Sou pf(3) . 36% Congoleum-Nrn(2) _ 15 Congress Cigar(a2). 88 ConCpfxw (6%%)_ - 34 Cons Edis N ¥(t2)_. 103 ConsEd N Y pf(5)._. 3 ConsFilm_________ 12 Cons Film pf (a2)_. 914 Cons Laundrie 145 Cons Oil (80c) _. 104% Cons O1l pt (5) 5% Cons R R Cuba pf__. % Cons Textile (d) _.. 814 Cons Coal(Del)vte. 33 Cons Coal Del vte pt 20% Container Corp 1.20. 21% Contl Baking (A) ... 275 Contl Baking (B)... 50% Contl Can (3) ____. 19% Contl Diamond (2) . 35% Contl Insur (11.60)- 274 Contl Motors 393 Contl Oil Del ( 621 Corn Ex Bank (3) 37 3 4 1 Hw A DA W 2 'S 2 BSanBasaZmmend Lo @t o TNH 2 B DD BN D T O e 00 1O oo PR 30s 3 3 408 11 1 1 108 108 38 8 - 2 5473 Corn Prod Ref(13). 6 Coty Inc. - 42% Crane Co._. nsu. Crane Co bf (T)-.—— 18% Crosley Radioali- 48 17% 24% % 230% 21 161 635 5ty 9T, 880 224, 631, 9813 56 90 91 13534 46 109% 1074 417 911y 130 21% 54 35% 21 21% 12 567 8 46 116% 2 20% 47 17 245 T0'% 2% 12% 230% 261y 16% 63 5% 97y 8714 221y 6314 98Y% 5bk 90 90 135% 103 4 116 0% 20% + W 4T% 17% 24% T0% 24 128 3la R 14 46 1091% 21y 9ty 50 Net Add 00, High, Low. Close. chn. 2 7 +1 46 116 (+1+1 1+ 4+ 4+ FH+E EEFFEFEES syesFas THE EVENING STAR, WASHINGTON, Prev, 1037 High. 1007 47% 109 13719 313 109% 157 201y 30% 431 31 131% ] 334 6 13% 641 1114 111, 28 9l 631 139 3115 Holly Sugar (12) 3 8tock and Low. Dividend Rate. 70% Crown Cork & 8(2). 40 CrnC&Spfxw 2y .. 17 Crown Zellerb N 814 Cuban-Am Sugar_.. 3813 Cudahy Pkg (233)__ 12 Curtis Publishing. 87% Curtis Pub pf (7)__. 5% Curtiss-Wright 1613 Curtiss-W (A)a50c_ 75 Cutler-Ham (bi) 19 Davega cum pf 1% 100 Dayton P&L pf 4% - 104% Decre & Co = 2615 Deere & Co pf 1.40__ 174 Del Lack & West___ 113 Detroit Edison (14). 9% Det & Mackinac 281 Diamond Match (11 Diamond Mpf(t135) 201 Disti) Corp Seag - 85 DistCS pf ww (5)_. 35'% Doehler Die Cast(2) 3814 Dome Mines (12)_. 474 Douglas Afrcraft__. % Duluth S S & Atl___. 412 Dunhill Internatl _. 14814 Du Pont de N(b2%). 10% Fastern Roll Mills _ 151 Eastman Kodak (8) 150 Eastman Kod pf(6). 31% Eaton Mfg (2) 11 Eitington-Schild_ . 21% El Paso Nat G 1.60_.. 347 Elec Auto Lt 12.40_. 9% Elec Boat (a60c) 4% Elec&Mus I (a18¢)~ lec Pow & Light . Elec Pw & Lt $6 pf ec Pw & Lt $7 pf . Elec Storage Bat (2) 51k Horn Coal (d) __ 1k Horn Cl pf () _| dicott-John (3) __ dicott-Jhn pf(5) & Public Serv ___ £ PS$5pf (b3) e quitable Office B_ Erie R R = Erie R R 1st pf_ ¢ Erfe R R 2d pf__ Bvans Prod (1) Exchange Buffet_ Fairbanks Co . Fairbanks Co pf 4 Fairb’ks-Morse (t1) 5314 Fajardo Sugar (b2)_ Fed Min & Smelter_. Federal Motor(40c). i Fed Screw Work: Fed Water Sve A___ 2 Fed'd Dept Str(2) Fed'ted Dep S pf 4% Fidel Phoenix T1.60. Firestone T&R (2) - Firestone pf A (6) . First Natl Strs 214 Flintkote Co (1) _. Follansbee Bros(d). “0od Machine (1) ster-Wheeler _ ancisco Sugar reeport Sulph (1) “uller Co 2d pf._. Gabriel Co (A)_ mewell Co nnett cv pf (6) 124 Gar Wood Ind a5 10'a Gen Am Inv(a7ic) . 101 Gen Am Inv pf (6) . 65's Gen Am Trans (a3). 1213 Gen Baking (160c)_. aking pt (8)-- Gen Bronze. % Gen Cable _ (‘en Cable (A) Gen Cigar (14) Gen Electric (b40c). Gen Foods (2) . 2 Gen Gas & Elec(A). Gen G&E 6% cv pfA Gen Mills (3) n Motors (b1%) . Gen Motors pf(5) Gen Outdoor Adv Gen Outdoor Adv A_ Gen Print Ink new _ Gen Prnt Ink pf(6)- i Gen Pub Service Gen Ry Signal (1)_. Gen Reaity & Util __ Gen Realty & U pf . Gen Refract (a3%). Gen Steel Cast pf __ Gen Thea Ea(b2ie). Gen Time Instru 71- Gillette S Raz (1) Gimbel Bros _ Glidden Co (2) Gobel (Adolf) Goebel Brew (t20c). Goodrich (BF) h50c_ Goodyear T & R bl_. Gotham Stlk Hose__ Graham-Paige 4 Granby Cons_______ Grand Unfon ctfs __ Grand Union pf bl1y Granite City Stl(1) Grant (WT) (11.40) Grt Northern pf ___ Grt Northn Ore (1)~ Grt West Sug +2.40_ Grt Wst Sug pf(7) Grevhound (780c) .. Guantanamo Sug__ Gulf Mobile & N pf_ 2 Hack W pf A (1%) Hall W F Print Hamilton W (bfiiec). : Hamilton W pf (6)_ 43 Harb-Walker (12) _ 12% Hat Corp of Am 80c. 4 Hayes Body __ 101 Hazel Atlas GI (15). 118 Hecker Prod (60c)_. 14474 Hercules Pwdr (6)_. 3513 Holland Fur(al3)- 105% Hoiland Fur pf(5)_. 21 Hollander & Son(1). Ry 2014 41 4u 5% Homestake (t12) Houd-Hersh A(2%) 2014 Houd-Her B (t1%4)_ 123 Houston Oll vte ___ 62% Howe Sound (13)___ 3 Hudson & Manhat__ 914 Hudson & Man pt 151 Hudson Motor. 3 Hupp Motor__ 2215 [1linots Central 46 Illinois Cent pf 12% Indian Refin (a1) 361 Indus Rayon (2) .. 97 Inland Steel (14)___ fs Inland St rts June 4 17% Inspiration Cop ___ 4% Insur Sh Md (b10c). 674 Inter Rap Tr vte(d) 41 Interchem Corp(t2) 107% Interchemical pf(6) 43, Intercontl Rubber_. 16% Interlake Iron ___. 5 Intl Agricultural 42 Intl Agricul pr pf. 189 15115 Intl Bus Mach(16)_. 1114 1674 15% 183 T3% 24% 18 9% 121% 57% 49% 110 1574 36 113 30 1261 155 46 29 27% 23% 1914 693 20% 46% . 29% 24% 41% 24 2T 514 3% 18% 137 21% 79 15% 28% 114 234 831 61 58"1. 841 6415 Loew’s Inc (+2) 110 3% 5% 10% 43% 28% 147% 28% 1 9914 Intl Harvester(214) 874 Intl Hydro E1 A 615 Intl Mercantile M__. 10 Intl Mining (b30c)_ 55'% Intl Nickel (b1) 1615 Intl Paper (A)_. 103 Intl Paper (B)._. 5% Int] Paper (C)oeeae. 90% Intl Paper pf. 45% Intl Ry C Am pf A_ 4212 Intl Shoe (+2) 90 Int Silver pf (b4) 93, Intl Tel & Tel 20% [nterstat Dp St b2% 1 Inter DSrtsJune8. 251 Island Creek (2) _ 121 Island Creek pf(6).. 125 Johns-Manv «(t3) 33 KalamazooS (+1).— 20 Kans City South __. 20% Kayser J & Co (2)_-. 161 Kelsey-H A (al%) . 12% Kelsey-H B (al%) .. 51 Kennecott Cop b1 _ 15% Keystone S&W b30a 38% Kimberly Clark(1)_ 47% Kinney pf (a1) 22% Kresge (S §) b60c__ 19% Kroger Groc (71.60) 25% Laclede Gas pf_. 181 Lambert Co (2) _—m 17 Lee Rubber (50c)._. 35Y% Leh Port Cmt 1% __. 1% Lehigh Valley Coal. 9% Lehigh Val Coal pf_ 17 Lehigh Valley R R_. 117% Lehman Corp (t3) _. 16 Lehn & Fink b62%c. 6114 Libbey-Ow-F b75c_. 9% Libby McN & L(a1). 255 Life Saver (11.60) . 947 Ligg & Myers B t4_. 213% Lily Tulip (113%4) __. 59 Lima Locomotive . 51% Link Belt (12)_____ 43% Liquid Carb (2.60) . 105% Loew’s Inc pf(6%)- 2% Loft Inc . 50% Lone Star Cem (3) - 615 Long-Bell Lumb(A) 321 Loose-Wiles (2) .. 21% Lorillard P (11.20) . 138% Lorillard P pf (7).~ 9% Louis G&E A b37%e 40% 20% o 33 320! 39‘0 35') '4 T4'% 40% 20% 1214 891y 5% 1815 3% 20%% 02% 384 22 15% 5l 31y 915 16 3 5 40% 2 ‘A a7 541, 3918 15 50 63 56 118% 104 385 22% 139% 189"/6 139% = ¢ 20% a. 4o Al ALt Add OD. High. Low. Close. ehll. 7 7 + M — + R e ) i) U |4+ 1+ D. C, FRIDAY Prev. 1937 High, Low. 99 41% 36 36 241% 28149 424 42% 16% Stock and Dividend Rate. 86% Louis & Nash b2 _. 2 29Y% Ludlum Steel (t1)_. 30! MacAndrew&F (12). 27% McCall Corp (12) 143 McCrory stores _ 18'4 McGraw H P b27%° 32% McIntyre Porcu(2).- 31% McKeesp't Tin Plate 12% McKesson & Rob___ 4414 McKess & Rb pf(3)_ 12% McLellan Strs b75c. 42% Mack Trucks (t1)_. 44'¢ Macy (R H) (12) 15'2 Manati Sug of (d)_. 13% Mancel Bros (b1) ... 19% Manhat Shirt (1) 3% Maracaibo 01l Exp. 10'% Marine Mid 1"00.) = 187 Marshall Field _. 2314 Martin (Glenn) ... 7 Martin-Parry 54'% Masonite (1) 33 Mathieson Alk (1%) 544 wonu:ww»-‘-.:-—; o g = B R ANRE R A A~ ONAN A8 NPT = E N BB N A ORI~ 913 Maytag Co (a50c) .. 36 Maytag pf ww (3). % Mead Corp 933 Mead Corp pf (6) 70% Melville Shoe (15).. 114 Mengel Co - 14% Miami Copper == 27'3 Mid-Cont Pet (b50c) 341 Midld Stl Prod(f2)_ 114 Midld Stl 1st pf(8)— 96 Minn-Hon Ros (2)._. 11 Minn Moline Pow 4 Minn Moline Pw pf. Mission Corp (b1)__ Mo Kans & Texas _. 4 Mo Kans & Tex pf A 3 Mo Pacific (d) Mo Pacific pf (d) __ Mohawk Carp(1.20). Monsanto Ch b7sc__ Montg Ward (12) .. Mother Lode al23;c. Motor Prod (12) __. Motor Wheel(1.60) Mueller Brass (11) - Mullins B (a50c) Mullins pf (7) 2 Munsingwear ( Murpty (G E) 3 4 Murray Corp(as0c). Nash Kelv (1) Nashv Chat & S atl Acme (a75¢c) ... Natl Aviation (a1) . Natl Biscuit (1.60) . o 3 N [ o S atl Dept Stores .. atl Dept Strs pf__. Natl Distillers(t2) 14% Nat'l Gypsum Co & atl Lead (t50c) __ Natl Mall & S C b50o Natl Pw & Lt (60c). Natl Steel (1214) atomas (180c) Neisner Bros (2)_. New Orl T&M (d) __. ewport Ind(b50c)_ Y Air Brake (al)_ N Y Central __ NYChi&StLpt N Y City Omnibus.. N 'Y Dock__ Y Dock pt — Y & Harlem (5)- Y Investors (d)_ Y NH & H (d) Y NH & H pt (d) Y Ontarto & W N Y Shipbuflding Shipbldg pf Y Steam 1st (7) - Norfolk & W'n (10). North Am Aviation_ North Am Co(b30c). North Am Ed pf (6) Northern Pacific __. Norwalk Tire & R Ohio Oil (b30c). 42 Oliver Farm Equip_. Omnibus Corp vtc_. Otis Elevator bile . Otis Elev pf (6) Otis Steel Outboard Mot biic Owens-111 Glass (3) Pacific Am Fish 1.20 Pacific Coast 4 Pa Pacific Coast 2d____ Pac Finance (+1.80)_ Pac Gas & Elec (2) Pac Lighting (3) Pacific Mills (b1)_ Pac Tel & Tel (8) Pac Tel & T pf (6) Pac West Oil(ac). % Packard Mot (b15c) Pan Am Pet (a60c)_ Panhandle P& R __ Panhandle P&R pf._ Paramount Pic _ Paramnt 1st pf (6)_. Paramnt 24 pf 60c Park Utah Parke Davis (b1)_. Parmelee Trans_ Pathe Film Corp _ Patino Mines(t60c) Peerless Corp = Penick & Ford (b1)_ Penney J C) (4) Penn Dixie Cemen 22 PaGlass S ctfs ailc 393, Penn Railroad (a2). 4414 Peoples Gas Chi __ 415 Peoria & Eastern_. 34 Pere Marquette 16% Petrol Corp(A) bs0c 7% Pfeiffer Brew b60c_. 43% Phelps Dodge b80c_. 1% Phila & Read C& I_. 70 Philip Morris(b3%) 4 Phillips Petrol'm {2 147 Pierce Oil pt 55 Pittsburgh Coal pf_. 1314 Pitts Screw&B bl5o. 9314 Pitts Steel pf 2% Pitts Term Coal. 31 Pitts United 31% Pitts & W V. 24% Plymouth Oil (1) . 17'3 Pond Creek Poc (2). 22% Poor & Co (B) ____. 1% Porto R Am Tob B 8 Postal Tel&C pf(d). 19Y% Pressed Steel Car__ 6515 5514 Proctor & Gam(t2)_ 11815 114'2 Proc & Gamb pf(5) - 523 37% PubSve N J (2.60) 112% 100% Pub Sve N J pf (5) __ 113% 111 Pub Sve E&G pf(5)- 724 55% Pullman Inc (1%) 24% 17% Pure Oil 112¢% 108 Pure O1l pf (8) 23% 15% Purity Bak (60c) 187 16 Quaker State O b45c 814 Radio Corp _ 6€5'% Radio f A (3%) 7% Radio-Keith-Or (d). 29 Raybestos M (t114) 37 Reading RR (2)_ 38 Reading 2d pf (2)_. 8'4 Real Silk Hoslery._. 2% Reis (Robt) ____ 17 Reliable Stores (1) 21 Rem-Rand (160c) 5 Reo Motor Car 27% Republioc Steel 109 Republic pf (b134)_ 33% Revere Copper 71 Revers Copper(A)_. 152 149 29% b 9 S [T): JOTPRS S T 31% 49% 98 Aau o0, mm Low, olou. chge. | High. Low. 32‘/) 381 1 76% MAY 21, 1937 Net | Prev 1937 91 31% 'H % 31% 31% 28'% 281 14% 15% 19% 19% 331 34% 37 37 13% 13% 447 4474 % % Y% K3 % kA 58 9% 4€ 31 T +++4+1 i = 33 2 141 40+ o, w *F R 17 e | Ea 191 12% T 50 6% 428, 113% 101 9ig 23 1] 16% 21Y 601 84 12612 75 131 142! 48 26 51y 70 1173 Vulean 15% 9514 2% 4% 37y 267 17 274 167% 2 | 347 85 123% 223 65 59% 334 115% 6% 40 461y 1024 6l 1114 124 59t 65% 18% 47 110 112 167 100 17% % 914 6215 6915 37 465 1017% 40% 9% Rl 31 10:00 A. M. 12:00 Noon. P 25'% 6ly 354 115 384 7614 i not d Companies x Ex dividend. 613 +1% 16'% Socony- 3% South Am G & P 30c. 337 South Port Sug(t2) Sou Porto R S pt (8) 22%; So Cal Edison t1%_. 4213 Southern Pacific 24 Southern Ry 45 Southern Ry pf. 84 Spalding (A G) 5% Sparks- Total Sales for the Day | Dividend rates as given in the above table payments baseq on the iatest quarterly or ha s Unit of trading less thi lncluamy extras reported FINANCIAL. PRlMMEI_[[}I[D TRANSACTIONS ON THE NEW YORK STOCK EXCHAN(,E By Private Wire Direct to The Star. All New York markets are no- on daylight saving time, Stock ana Dividend Rate 30% 221 Reynolds Met (11)_. 10 34% 22 Reynolds Spr (1) _. 49 Reynolds Tob B (3). 6% Rutland RRpf____. b 6% Safeway Stores(12) 106'% Safeway Str pf(6).. 43% St Joseph Ld (12) 5 6Y% St L-San Fr pf (d) B 40% Schenley Dist b1 93 Schenley pf (5%) .. 1% Schulte R Strs (d) 38 Scott Paper (bfic) 1% Seaboard Afr L (d). 4% Seaboard A L pf(d). 36% Seaboard O1] (1) T4 Seagrave Corp._. 81 Sears Roebuck (3)_. Servel Inc (11) ____ Sharon Steel (11.20) 4 Sharpe & Dohme __ 127 Shattuck F G (60c). 25% Shell Un O11 (a2bc) . 12% Sflver King (b25c)_. 40 Simmons Co (b50c)_ 3% Simms Petrol __ Skelly Oil (b50c) Smith (A O) .__ ‘2 Smith & Cor ctfs(1). Add 00, sigh. Low Close cnge 2 50"1 33% 110 54% 4214 Vac (b25c) . Withing Sperry Corp vtc(al) 281 Spicer Mfg (a3)_ 45% Spicer pf A (3) Spiegel, Stand Brands(t80c) Stand Com Tobac _. 5% Stand Gas & El (d) Stand G&E $4 pf(d). Stand Oil Calif(11). Stand Oil Ind (t1) Stand Oil N J (11) 2 Sterling Prod 13.80_ Stewart-Warn t50c. Stokely Bros (11)_ Stone & Web(a2ic). Studebaker Corp _ Superheater Co (1 Superior Ol __ Superior Steel _ 4 Sutherland P t1.60 Swift & Co (11.20) Swift Internatl (2) - Symington ww bl0a. Symington xw bl0e. 114 Talcott (J) b3oc Talcott (J) pf 12% 10% Tenn Corp (alsc)- 50% Texas Corp (2) Inc (1) Texas Gult Pra5c__ 3 Texas Gulf Sul (12) Texas & Pac R R Tex Pac C&O bl0c Texas P L T (allc). The Fair %7s Thermoid Thomps'n Prod b40c Thompson Starrett Tide Wat As Oil S0c Timken-Detroit(i1) Timk'n-Roll Brg(3) s Transamerica t40c_ Trans Wst Aira2ic Tri-Contl (a50¢c) . 20th Cent Fox b0c_. 20th Cent F pf{1i3). MCR RT..._ “ Twin Coach (blic)_ -Fisher (1) Unlon Carb (3.20) _ Union Oil(Calif)1.20 Union Paciflc (6) Union Pacific pf(4). 2 Union Tnk Car 1.60_ Utd Afrcraft(a50c). Utd Afr Lines a20c.. Ctd Biscuit (1.60) Utd Carbon (4) - Utd Corp (a20c) Utd Corp pt (3) United Drug (b25¢). Utd Dyewood (1)... Utd Elec Coal __ United Fruit (13) Utd Gas Imp (1) Unit Paper'bd b20c_ U S Distributing pf. U S & For'n Secur. U S Freight (1) U 8 Gypsum (t2)__. U 8 Indus Alcohol.. U S Leather vtc 1 S Leather(A)vtc. U S Pipe & Fary (3). 10 U S Realty & Imp 444 U S Rubber __ U S Rubber 1st p 79 U S Smelting (b4) __ 67% U S Smelt pf (333) .. U S Steel U S Steel pf (7). 6% Unit Stk Yds (50c)- Utd Stores (A) Univ Leaf T pf (8 21y Util Pw&Lt (A)(d). 115 Vadsco Sales Corp.. Vadsco Sales C pt. Vanadium Corp 46 Van Raalte (b13%)__ 7% Va-Car Chemical __ Va-Car Chem 6% pf Detin (a8) _ Vulean Detin pf (7). Wabash (d) Wabash pt (A)(d)_. Waldorf Sys(t1.20). 6! Walgreen Co (2) Walker (H) (2) Walker (H) Walworth Ward Baking (A) Ward Baking (B) Warner Bros Pict__ Warner-Quinlan(d) Warren Bros (d) .. Warren Fdy&P(11) Waukesha Mot (1)_ Wesson O&S (150c) West Penn El pt(7) West Pa Pwr pf (6). Western Pacific pf._. % Westn Un Tel (3) s Westingh'se A B( Westhse Elec (b2) _. Westvaco 6%pf 1% Wheel&L E pf(5%) Wheeling Steel ___ 7 White Motor . _ White Sewing Mach White Sew Mch pf_. Wilcox Oil & Gas._ Wilson & Co (50c) . Woolworth (2.40) 32!3 Worthington Pump. Worth Pump pf(A). 7% Worth Pump pf(B). €8s Wrigley W ir (13)_. 4875 Yale&Towne(160c)- 20% Yellow Tr & Coach.. 37% Young Spr& W(13). 75% Ygstn S&T (b75¢) .- Zenith ]’!adin(hfv“c). 5% Zonite Products._ Approximate Sales of Stocks on the N. Y. Stock Exchange, (1) 927y 112y 8l 57% 45 13815 304 120 471 243% 841y 341y 3% 34% 8415 + 14 5% 5% + 210,000 520,000 2 770,000 100 _shares. aPaid last year fn receivership or J Annual rate— | b Paid this year. being reorganized, NEW YORK COTTON By the Associated Press. NEW YORK, May 21.—Cotton re- acted from opening advances today under July liquidation and owing to |t more favorable weather. October eased from 12.85 to 12.66 and was within a point of the low in midafternoon, when prices showed net losses of 9 to 11 points. Futures closed steady, 11 to 13 lower. 8y 2 Spot_quiet: midy n—Nominal. Cottonsee Oil. Bleachable cottonseed oil futures closed steady, 3 higher to 1 lower. Sales, 48 contracts. July, 9.77b; Sep- tember, 9.86; October, 9.81-9.82; De- ceinber, 9.76. b—Bid. New Orleans Prices. NEW ORLEANS. May 21 (P.—Cotton continued its forward march in early trad- ing “today. in response o hishierstocks and some_ trade and commission demand. !n]tl‘l trldel ‘were 8 o8 Wtfltl R AT T December at 12.80. January at 12.03 and March at 1 was Quiet and toward the end rst half hour the market was steady. unchanged to 2 points lower com- pared to the opening nnur: Cottonseed _oil opened 9:15b: Juls. 9.24b: September. 8.3 ber’ 9.7 cember, §.20b. -nd damue S. E. C. ISSUES REPORT ON MEMBER TRADING Bs the Assoctated Press. The Securities Commission said to- day transactions for their own ac- counts of members of the New York Stock Exchange totaled 21 per cent of all transactions in the week ended Aprfl 24. Member trading included 7.40 per cent in transactions initiated on the floor of the exchange, 4.84 per cent off the floor and 8.76 per cent with specialists. Member trading on the New York Curb Exchange in the same week totaled 18.46 per cent of all transac- tions. The week's round-lot volume on the stock exchange was 6,950,740 shares. The curb exchange was 1,618,610 shares. \. TRADING IS QUIET ON WOOL MARKET Prices Favor Buyer, but Yield Very Slowly, According to Commercial Bulletin. By the Associatea Press. BOSTON, May 21.—The Commercial Bulletin will say tomorrow: “The wool market continues very slow. Prices naturally favor the buyer, although they yield very slowly. West- ern growers are frequently refusing to accept bids. Only a few cars of best Missourl wools have been sold de- livered at 40 cents for merchantable medium qualities Ohio-Michigan wools usually are held a cent or two higher. The plecegoods markets report little new business. Mills still are fairly busy on old contracts, but there is little interest at the moment in new contracts. “Foreign markets are quiet. Frac- u | white, 1.36 e the annual cash | early declarations. | STOCKS SELL OFF ATEND OF SESSION Only Store Shares Gain Rails, Motors, Steels Are Neglected. Indus. m..x Lu' Net change. .3 3 3 Today, noon 92.1 Prev. day... 9138 Month ago.. 93.8 Year ago___ 808 1937 high ._101.6 1937 1936 1936 1932 1929 1927 419 416 45.1 45.7 54.0 40.9 537 434 23.9 3 -146.9153.9 18431577 | low... 516 953 618 618 | (Comptled by the Assoctated Press.) BY VICTOR EU B\\K Associated Press Fi NEW YORK, turned a cold store shares in | For much of leaders found Iu m friends, as trading progressed most gro were allowed to shift for themsel.e and modest gains were erased. As the market came into the fin: few minutes losses of fracti t around a point predominated. Par ticularly neglected were rails, moton | metals and steels. The street’s appetite for chandising issues was said to | been whetted by estimates for sustained consumes buying power. Transactions approximated 750,00 | shares. The financial district’s mood we illustrated by low for rails l spite of a more than seasonal ex pansion in freight carloadings. Sta1 ing the motor group in the face wz a decline in the week's motor out Fears steel profits m was a cloud over the st In demand were M Sears-Roebuck, W support were United St Bethlehem, General Motors, Anaconda, Kenneco ing, Pure O Ct‘n’xal Pe; May shou ha D in the utiliti re scored by Cor solidated Ex 1 American Telep CHICAGO GRAIN By the Lssoctated CHICAGO, M: of whea today, largely be houses with East May wheat in p a decided downward trend. h notice 000 | May wheat contracts tomorrow. At the close, wheat + | vesterday's finish, May, ‘Jun 1.20% corn, ! up; May, 1.331:; July, higher. ch. Low val 1650 16.50 Chicago Cash Market. Cash wheat, No. 2 hard, 1.353;- No. 1 mixed, 1.37; No. 3 mixed, 13 Corn, No. 3 mixed, 1.35';-36 \ello\( 1.36- No. 3 yellow, . No. 2 \xnw 1.37-37%; Oats, No. 2 w Rye, No. 2, 1.16':-17; Barley, sample grade. m Feed, 70-85 nominal. Ma | 1.00-25 nominal. Timothy seed, 425 50 hundredweight; clover seed, 23.00 30.00 hundredweight. 16.37 16.37 Baltimore Quotations. 21 (P.—Wheat Ne ., spot, domiesiie TRADE INDEX RECEDES IN FAR WESTERN ARE/ | BPecial Dispatch to The Star SAN FRANCISCO. May 21 —B ness in the Far Western States 1 April receded 1.1 per cent from it March average, but was 8.2 per higher than in the correspon month of 1936, according to the cur rent issue of the Bank of Americt business review. The bank's index figure for Apri was 79.3, compared with 802 March and 73.3 for April. 1936 Building and construction for th Far West scored a new high for th recovery in April, permit values ad vancing 5.5 per cent over the preced: ing month and 43.3 per cent above ths corresponding month in 1936. U. S. TREASURY POSITION. B5 the Assoctated Press. The Position of the Treasury May 10 B cmgls 113 43, din; P00 ot ‘einergenty eandn of "expenditures )¢ 03 an increasc o evious day. gol 43, g ncludini March quarter common share earn: ings were $1.18, against $1.05. WELLINGTON FUND A Living Trust Fund Available in units of $10.00 a month and up. Single deposit certificates $300.00 and up. PROSPECTUS SENT ON REQUEST. Wellington Foundation, Inc. tionally concessions for top business | are reported in Bradford, although the market yields very slowly. is quiet but firm* William Canby Mgr. Woodward Building National 3717 fo, Young, L. A., Spring & Wire Corp—