Evening Star Newspaper, May 21, 1937, Page 19

FINANCIAL. NG STAR, WASHINGTON, D. C., FRIDAY, MAY 21, 1837. FINANCLAL, Lt 2 RALLY EXTENDED ON CURB MARKET Many Shares Hold Gains of Fractions to Mcre Than 3 Points. By the Associated Press. NEW YORK, May 21.—While buy- ing tapered off, many shares on the curb exchange held gains of fractions to more than 3 points in late trad- ing today on an extension of a rally from the preceding session. Aluminum of America, with a fur- ther rise of about 2 points, hovered around the peak of its comeback from a recent sinking spell on the filing of anti-trust proceedings against the company. Great Atlantic & Pacific Tea non-voting trust certificates, hit by the Supreme Court ruling uphold- ing the Louisiana chain store tax this week. braced for a minor gain, as did Montgomery Ward A. Several industrial specialties moved up 2 to 3 points or so, including Cana- dian Dredge & Dock and Avery & Sons. Mining shares were mixed, with Lake | Bhore up more than a point and New- mont off about as much. Auto Production Drops to 136.438 Level for Week Br the Assoctated Press, DETROIT, May 21 —Ward's Auto- | motive Reports, Inc., estimated today that the current week's output of au- | tomobiles and trucks would total 136. -E 438 units, compared with 139,507 last week, For the week ending May 23, 1936, it estimated output at 110,845. Cram's Reports, Inc. trucks, compared with its revised figure of 140,396 last week and 109,821 for the week ending May 23 a year year ago. General Motors production was placed at 54.200, compared with 54,604 | last week; Ford at 35,8 Wwith 35.900, and Chry; against 3 0. compared Low 1P.M, High _ B0 R0 80 OB 1012 10834 0658 10658 [m]‘*- i3t T 105 3 10234 i 10ie Te100y Loesig 50 Gary E&G 5s Gatineau_ Pw en Alden Cl 45 WF) 6is A placed this | ‘week's production at 137490 cars and | at 29,550, | on which the Exel Stockand Sales Ainsw’th M Cb25c Air Device Corp.. Alum (Am) pf (6) Am Beverage Am Box B'd(b45e) Am Centrifugal __. AmCP&L Aww2% Am CItP&L B a20e Am Cynam B t60a Am & For Pw ww. Am G&B (1.40) Am Gen Cpf (2)._. Am L&T (11.20) Am Maracaibo Am Pneu Servi Am Superpower __ Am Superpwr pf__ Angostura (120c). Appalach E P pt 7 Arcturus Radio T. Ark Nat Gas Ark Nat Gas (A) Ashland O&R t400 ASSOG & B (A)._. A850 G & E $5 nt. Atl Coast L a2y Atlas Corp war Atlas Plyw'd(1%) Austin Stiver Auto Products. Auto Vot Mch S0c Avery(BF) & Son Axton-Fisher (A). Baldw L ba rts(d) Barium Stain Stl. Bell Afreraft__ Berkey&Gay F Co. Bickfords Ine 1.20 BlissCo (E W) _ Blue Ridge (b15¢c) Blue Ridge cv of 3 Bohack HC 1st pf. Bowmn-Bilt 1st pt | Bowmn-Bilt 2d pf | Brazil TL&P b90c. Breeze C IncaT5e. Brid'p't Mch b25c. Brill Corp (A)._. Brown Co of Brown F&W bloc. Brown Forman _ Bunker H&Sull n_. Burry Biscuit_ Cable El Prod vte Cables&Wirel'ss A Can Dredge & D b2 Can Lndus Alco A_ | Can Marcont . _. | Carib Synd (b30c). Carnation Co (1) .. Carnegie Metals. Carrier Corp __. Casco Prod b2% ... Catiin Corp (adiic) Cent Ohio Stl b30c. Cent &S W Uul_. Cent States Elec Centrit Pipe t400_ Charis Corp(1%)_ Chief Con Mining_ Childs Copf.__ Clties Service_ Cities Service pf__ Cities Sve pf(BB). City Auto S(t60c) Clark Con (b50c) . Claude Neon Lits_. Clev Tractor.__._. Clinchfield Coal.-. Colo Fuel&Ir wa Colt's PatFA hse. | Columb 0&G b20c Columbia Pic(11). Comwlth Edis t4_ Com'with & S war Corimunity W §__ Cons Afrcraft_. Consol Copper | CGELt&P Bo 3.60 Consol Gas Utfl__. Cons Min, Cons Ret § | Consol Steel Corp. Coover Bessemar_ Cord Corp Cosden Oi] Me (&) Courtl'ds b25 1-10e Creole Petrol t50c. Crocker-Wh allc_ Croft Brewing Crowley Milner. Crown Cent P afe. Cro'n C'k Int A(1). Crown Drug pf 1% Cusi Mex Mining Darby Petr (50c)_ 10014 10014 100 ‘1013, 10374 10334 10175 10434 10534 Dayton Rubber Dennison 7% pt Derby Ofl & Ref { Derby O{1&R pf b2 Detroft Gasket t1. Detroit Gr Inew _ Det (Mich) Sto Det Pap Prod t250 Distilled Liquors_ Douglas(W L)pf_. Dow Chem (13) Dubelier Condens. Duke Power (3) _ Duro Test (40c)_. Kag Pit Lead bl0c. East'n G&F Asso_ East G&F p pf 434 Easy W M{B)b25c Elec Bond & Share Elec B& S pf (8)._. Elec P&L 2d pf A Elec Sh of ww (8) Community PS t1 100, is now operatins. 2:30 — Dividend Rate. Add 00. High. Low. Close. Alum'n Coof Am 8508 147}§ 508 11734 Aluminum Ltd___850s 113 2 2y 1 204 11 44 Am Cit P&L (A) 31528 82% 1 32 8 8y Bellanca Afreraft. | 1 - 2008 = 10 0 O b i g NN e Ty 08 t ' [P T I T TR ¥ ORI Ay 39 Copperweld 11.20_. | | Davton Rub A(b2)100s 8 2 2 2 2 1 150 . 1 1 268 1 . i Estn G&F As pf 3.850s 2 164 834 173 11754 110 4| Pac PW&Lt pf(7) % | 88 3k 50 48 1% | Reynolds Invest _ % ke 2 13 22 % 12: 234 | 3014 80 fi%l 82 175 | 3 | 5 614 9 37% 135% 334 70 6% NEW YORK CURB MARKET By private wire direct to the Star, All time shown belo: 2:30 Btockand Sales— Dividend Rate. Add 00. High. Low. Close. Lone Star Gas80c 6 114 104 104 Long island LtR-. (3 8 4 Louig'a Land 40c_. 12% 124 Lucky Tiger t12c- 14 pioe McCord Rad (B) ... 73 McWilllams D (13 2434 Majestic Ra&Tel_ 3 Mangel St pf (5)_. 62 Marton Steam Sh_ Massey Harris _ Master Elec (1) ._ May Hos pf ww (4) Mead Johnson(t3) Merritt Chap & 8_. Mesabi Iron Mich Bumper. M1d Sta Pet (A) _ Mid Sta Pet vtc B_ Mich St1 T P b25e. Micb Sugar___ __ Mid-W Abrasalle Midwest Oil (1) _. Midl'd Stl Prod(2) Mock Judson 60c_. Molvbdenum Corp Monarch Mach T_. Mont Ward A (7). d0s MountCCpa2lc.. 2 Mount Prod (60c). 2 Nat Bellas Hess _ 6 Nat BA&Sh (b50c) 2508 at Container (1), Nat Fuel Gas (1)_ Nat Leather ___ Nat Mfg & Stores_ Natl Oil Pro f60c_, Nat P& Lt pf (6) 200 Nat Rub Mch a200 Nat Service _____ Nat Suzar N J (2) Natl Transit bisc.. Nat Union Radio . Nelson (H) (a45e) NeptuneM(A)a600 Nestle Le-Mur New Hav Cl (1%) New Jer Zinc (12).450s New M&A Ldale. 2 Newmont Min (3). 2 N Y Merch (80c)_. 1 N ¥ Tel pf (615) _100s NY Water Svepf 108 Niag Hud Pwr new 2t Niag H P(A) war. 10 Niag HP Ist pf 5. 258 Niag Sh Md B a0e Niles-Bement (2). Nipissing (50c) Noma Elec (b40¢). North AmL&P__ North AmL&P pf _ North'n Europ O1l. North States P A Novadel Agene(2) Ohlo Ofl cu pt (6). Okla Nat Gas_ Okla Nat Gas pf. Oldetyme Distil__ PacG&E 1stpf 115 Pacific Ltg pf (f) o 2 & 090V 10 19 €3 b b 4 03 00 0 1O ®awe (ORI TP 215 614 84 B4l 5% 215 814 109 12 2% « 3l 109 131 2814 45 297§ 2934 1268 10414 104 68 68 644 635 [P 45 4 9 9214 174 173 i kid 13014 12934 9%y 10 284 2734 4% 774 10014 1181 29% 1044 68 6414 87% Pan-Am Afr (t1)_ 3 Pantepec O1l ___ 359 Pennroad (a25e) 6 Penna P&L pf (7) 2508 Penna Salt b33 _.1008 Penn Wat & P (4). 1 Pevperell Mfg t6_ 60s Phoenix Secur 6 Pierce Gov (bl5c) 8 Pioneer Gold (40c; & Pitnev Bow(ti0c) Pitts & L E(bi1) Pitts Plate G (b1) Potrero Sugar Powdrell&Al t60c Premfer Gold t120 Producers Corp__. 1 Propper-McC (d)- Prosperity Ball§ Pub Sve Ind pt Pug S4 P&L $6 pt. Pyrene Mfg a%0c_ Quaker Oats (5)__ Refter-Roster Rel EI&En C a25c. Reybarn Co bioc - 4 ki 10034 7% 2% 104 24 ) tY 18 2514 82 9% 112 « 308 3 3 104 2 % 34 1385 2634 823 97§ n2 13 233 5 1Y Richm'd Radtator. % Roosevelt Field 234 Root Petrolm b23c 6 Rustiess Ir& St 1434 Rverson & Haynes 1 { Safety CH&L(b1) 1008 St Rexis Paver 11 1 2344 5 1% 544 2i5 a3 1414 A 129 | Samson Unitd C'p. 1 Scovill Mfg (b50c) B0s Seeman Bros t21;. Seral Lock & H Seiberling Rubber Selected Indus___. ¢ Sel Ind all ¢™~ 631008 Sel Ind pr pf (514 ) boa SelInd pfb3715c.. 1 Sent Saf Control.. 2 Seversky Afrcraft 10 Shattuck Den Min 12 Sher-Willms (4)_100s Simmons HA& P. 2 Singer Mfg (16)__ 30s Sonctone C (al0c) 1 L3 1 | Soss Mfg (50e).__. So Penn O111113) Southn Union Gas outhl'd Roy bl0e. vanish&Gen rets Spencer Ch S b7sc Stand Cap&s 11.60 Stand O11 Ky (t1) Stand Oil Neb h2sc Stand Oil Ohio t1_ Stand Pwr & Lt _ Stand P & L (B) Stand Prod (b25c) Stand St Sp a2 Stand S11&L4 (4c) Stand Tube (B)_ Sterchi Br 2d b25. Sterl Alum (b25c). Sterl'g Brew a7be. Sterling, Ine t20c. Stetson (JB)b50c_. 1508 Stutz Motor___ 2 Sullivan Machin S DIVIDEND BOOSTED BYGLASS CONCERN Pittsburgh Plate Glass Or- ders $1.50 Payment on Common Stock. By the Assoctated Press. NEW YORK, May 21.—Pittsburgh Plate Glass Co. announced today a dividend of $1.50 on the common stock, payable July 1 to stock of record June 10. This was an increase of 50 cents over the previous dividend paid April 1. Nut Packing. ing Co. declared an extra dividend of 25 cents and regular quarterly dividend of $1 on common | stock, both payable July 1 to stock of record June 12. A similar extra was paid three months ago. Company, a | distributor of food products, has its | principal plant at Canajoharie, N. Y. | Standard of Kentucky, Standard Oil Co. of Kentucky an- nounced an extra dividend of 15 cents and regular quarterly dividend of 25 cents on the capital stock, both pay- able June 15 to stock of record May 28. Powdrell & Alexander. Powdrell & Alexander, makers of window curtain fabrics, declared a dividend of 20 cents on the common stock, payable June 15 to stock of record June 1. The previous dividend was 15 cents on March 15. Company has factories at Danielson, Conn.; Charlotte, C, and Los Angeles. Abbott Laboratories. Abbott Laboratories, drug and chem- ical products, declared an extra div dend of 10 cents and a regular quar- | terly dividend of 40 cents on capital stock, both payable June 30 to stock of record June 15. Principal labora- tories are at Chicago and Philadelphia. Swift & Co. Directors of Swift & Co. declared a quarterly dividend of 1.2 per cent, or 30 cents a share, payable July 1 to stockholders of record June 1, Libby, McNeill & Libby. Directors of Libby, McNeill & Libby re-elected all officers yesterday and voted a regular semi-annual preferred | stock dividend of $3 a share payable | July 1 to shareholders of record | June 18. | | ——— :SSTRAWBERRY PRICES DECLINE IN WEEK Drop at Princess Anne Laid to| Start of Delaware and Vir- ginia Shipments. By the Assoctated Press. PRINCESS ANNE, Md, May 21.— Strawberry prices for shipment this week from this center of Maryland's berry-producing area are averaging | $2.50 to $3.50 a crate of 32 quarts, Marion Station is the largest sh ping point in the section. It cleared 4.495 crates Monday and 5.056 Tues- day. while Princess Anne shipped 1,650 Monday and 820 Tuesday. Mondays' prices at Marion ranged | from $2 to $5 per crate and those at Princess Anne were irom $250 to $4.50. There was a drop Tuesday, however, with the Marion range from $1.50 to $4. and the Princess Anne, $2 to $3.80. The lower prices may have resulted from the fact that markets in Dela- ware and Virginia also have started shipments. | WALTER BROWN HEADS BRIGGS MANUFACTURING | BY the Associated Press. | DETROIT, May 21 —Walter P. | Brown was elected president of the Briggs Manufacturing Co., succeeding | Walter O. Briggs, who will continue as chairman of the board of directors. | | Brown, vice president for the past | two years, also becomes general man- | ager. He has been with the company since 1919 W. Dean Robinson, son-in-law of Briggs, was elected vice president and appointed assistant general manager, Washington Exchange SALES, Potomac Electric Power 5157, pfd—5 at 110, 10 at 110, 10 at 110, 5 at 110. Riggs Bank common—s5 at 310! | the A—19 How the Price of American Woolen RESERVE DEALINGS Company Stock Fluctuated During the Last Five Years Prices of American Woolen Company Stock, 1933-1937 (0 1933 Earnings Exceeded $10 per Share; But Preferred Stock Had Back Diwdend Claim on Earnings of Nearly $19,000,000, Equal to Nearly $47 por Common Share $20 0 JFMAMJJASOND JFMAMJJ ASONDJFMAMJJASONDJFMAMJJASONDJFMAMJIJASOND 1936 1933 Letters Above Are Ini R In 1934 There Was a Deficit of .64 per Share Earnings Amounted to 15 Cents per Share in 1935, Stock Sold Between 3250 and 71.67 Times Earnings ; T bl M LIQUID GARBONIC EARNINGS JUNIP $114,275 Net for 6 Months Contrasts With Loss of $193,436 Year Ago. By the Assoctated Press. NEW YORK, May 21.—Liquid Car- bonic Corp., manufacturer and dis- tributor of soda fountains and car- bonic gas, reported today for the six months ended March 31 net profit of $114,275, equal to 32 cents a share on capital stock. This contrasted with a net loss of $193.436 in the corresponding period of the previous fiscal year. The company noted an interim audit was being made of certain ex- pense items and figured it might show net profit for the six months in excess of $250,000. Similarly, it added, loss for the comparable period of the pre- ceding fiscal year might be cut to about $60,000. Weston Electrical. Weston Electrical Instrument Corp., Newark, N. J., reported for the quarter ended March 31 net profit of $104,021, equal to 56 cents a share on the com- mon, < share, the first quarter last year. Midland Steel Products. Midland Steel Products Co., plants at Cleveland and Detroit, re- ported for the March quarter net profit of $558,215. equal to $144 a common share, compared with $410 - 725, or 81 cents a share, in the first quarter last year. Commonwealth Edison. Commonwealth Edison Co. reported April net income of $1,196,035, which compared with $569,977 (adjusted figures) for April, 1936. Four months net this year was $5,667,515, compared with the adjusted total of $3.610,752 for the corresponding 1936 period. S. S. White Dental. S. B. White Dental Manufacturing Co. of Philadelphia, reported March quarter net profit of $138404, equal to 46 cents a share on capital stock, against $71,393 or 24 cents a share in the March quarter last year. Associated G. & E. Associated Gas & Electric Co. and its subsidiary, Associated Gas & Elec- tric Corp, in a report for the 12 months ended March 31, showed a balance of $3.466.922 after fixed in- terest deductions. «This compared with balance of $349,545 for the 12 months ended March 31, 1936. The report, the company stated, in- cluded results of new properties only from dates of acquisition and were after provision for retirements, Fed- eral income taxes, charges and pre- ferred dividends of subsidiaries and fixed interest charges of the corpora- tion and the company. Pan-American Petroleum. Pan-American Petroleum & Trans- with | Steel Ingot Rate Holds at 92 Per Cent of Capacity By the Assoclated Press CLEVELAND, Ohio, May 21.—Daily Metal Trade today says: Steel makers continue to report con- sumer pressure for shipments on old contracts. Athough new business has declined specifications show no let- down and as a result the ingot rate is being supported at the high level of the recent past, 92 per oent of capacity. Order backlogs on mill books assure production close to this rate well into | the Summer. Threatened labor trou- | ble at some Midwestern steel plants appears to have spurred specifying in | some directions, consumers, antici- ! pating interruptions to production, seeking protection against their early | requirements | continues strong. Baltimore Markets Special Dispatch to The Star. BALTIMORE, Md., May 21.—Po- tatoes, old, 100-pound sack, 1.25a2.00; new. barrel, 2.40a4.50; 100-pound sack., 125a250; bushel, 1.25a165; sweet potatoes, bushel, 1.00a1.50 3.50; beans, bushel, crate, 1.25a2.25; cabbage, 1.00 floy hamper, 1.75a2.00; pointed type, hamper, 50a carrots, crate, 3.75a4.50; caul | flower, crate. 190; celery, crate, 1.75a 2.75; cucumbers, bushel, 3.50a5.00; eggplants, crate, 125a3.00; bushel, 1.50a1.75; lettuce., western, | crate, 1.75a3.75; southern, big Boston, hamper, 50a1.25; lima beans, bushel, 3.00a3.50; mushrooms, 4-quart basket, | 25a90; onions. 50-pound sack, 80a | 1.75; peas, bushel, 1.00a2.25; peppers, crate, 1.75a3.00; bushel, 1.25a2.00; radishes, nearby, red tips, bunch, 1a 113; rhubarb, nearby, bunch, 3a5; spinach, nearby, bushel, 15a35; squash, bushel, 1.00a2.50; tomatoes, lug, 1.25a 3.25; apples, bushel, 1.50a2.50; box, 2.50a2.65; grapefruit, box, 2.00a3.00; oranges, box, 2.00a4.50; strawberries, quart, 8all; watermelons, each, 50. Dairy Market. | Live poultry—Broilers, Rocks, pound, | 23a25; 20a22: fowl. Rocks, 20821; mixed col- ors, 18a20; Leghorns, 15a17; roosters, 10a12; ducks, 15al17. Eggs—Current receipts, dozen, 20; hennery whites, large, 21; 20; receipts, 1,214 cases. Butter—Prints. pound, 34!5a3514; good to fancy. creamery, 33a34; pack- ing stock, 16a17; rolls, 19a23; receipts, 150 tubs. Grain Market. 1.42; May delivery, 1.42. prices were: Wheat—No. 2, red Win- ter, garlicky, spot, domestic, 1.42; May delivery, 1.42. The tone of the market | Opening prices were: Wheat—No. 2, red, Winter, garlicky, spot domestic, Settling 1.00a2.50; beets, | 1 | Giol ms, | & | bushel, 75a1.00; asparagus, crate, 1.25a IN BONDS SWIALL iExcess Funds Reduced to 1937 12.“« DOLLAR IS UNCHANGED IN LONDON DEALINGS By the Associated Press. LONDON, May 21.—Dollar trading was inactive in the foreign exchange | market today. The United States unit closed unchanged at 4.943-16 to the pound, compared with a New York overnight rate of $494; for sterling. French francs were quoted 110.84 to the pound in final transactions, compared with 110.78 yesterday. PARIS, May 21 () —Rentes, 3 per | cent, 63 francs 65 centimes; 4158 “A” 69.40; 4758 of 1937, 93.15. Exchange on Londor. 110.82. The | dollar was quoted, 22.423. i INSURANCE STOCKS May P —New York + “Association Bid. Asked (T 3430 4nn, 20 ¢ ag Am Eq (1 60a) Am Reins (.40g) Am Rese 2) c (1ay C 58 Har:ford Fire Se | Homestead | Knickerboker Lincoin Fire (.80) iceberg, | N (1.30)° (Aa) re (R) ov h (1 Revere (P) In sia_Ins 11513 650 40 511a (1.208) 3314 ) 354 2-—Als0 eXtra or extras. &—Declared or paid so far this year. NEW YORK BAR SILVER. NEW YORK, May 31 (P .—Bar | Ban Low Point of Last Three Yeais. By the Assoctated Press. The Federal Reserve Board reported only negligible dealings in Govern- ment securities for the week ended May 19. During the week the board listed & reduction of $180.000 in Reserve Sys= tem holdings of Treasury notes and an increase of the same amount in Goy=- ernment bond holdings Since it stepped into the Federal se- | curity market to exercise a steadying influence last month, the board has | added about $100.000,000 to holdings of Government obligations, which now aggregate $2,526,290.000, or £96,000,000 over the same week last year. For the week ended May 19 the board estimated excess member bank reserves at $910,000,000, a decrease of $30,000,000 for the week and the lowe est total in more than three years These reserves, or lendable f provide the basis for eredit expansion, The board reported a $25,000,000 in- crease in the Nation's gold hoard d ing the week to $11,907,000.000. This was $1,532,000,000 over the same week last year and a new all-time record Money in circulation declined $6,- 000,000 to $6,399,000,000, but the latter figure still was $503,000,000 over the same week last vyear. Changes in member bank balances and related items d week and the year ended May 19, were reported as follows (in millions of dollars): reserve nme ecurities Industrial vances (not in- cluding 17 mil- lion commit- ments, Mav 19) Other rency Member bank Re- al Reserve accounts 508 +(Editors note—The mi result of time discrepancy er banks and a behind the credits.) —_— LIVERPOOL MART CLOSED. LIVERPOOL, May 21 (#)—Th Cotton Exchange was closed today and will remain closed tomorrov ther observance of W MONEY MARKET. NEW YORK dv: 1 per cen 1al paper. 1 per ¢ 60-00 days. 1'e. 4 acce e R ¢ "Reserve 2 DI 3 4 "“re. Bank, lia Money for Construction Loans and Loans on Existing Properties FIRST DEED OF TRUST ONLY GEORGE L. BORGER 643 Indiana Ave. N.W. silver steady and unchanged at 447 mixed colors, 23a24; Leghorns, | medium, j To Purchase, Build or Refinance Nat’l 0350 Klectrol Inc v.t.c.. Emp G&F 8% p*__ Equity Corp(a25e) Evans Wall Laad. Ex-Cell-O (b20c)_. Fairchild Avalsc Falstaff Br (311;) Ferro Enam b75c_. Fldelio Brewery Fire As(Phila.)tg Fisk Rubber Ford Ltd (b2lc) __ Ford (Can) A (1)_ Froedt G&M(20¢c). Gen Alloys 4 Gen [nvest Corn Gen Teleph (b23¢) Gen Tire & Rub Gen T&R pf A (6). Georgis Pw pf (6) Gilbert(AC)pf 31 a5 2 Glen Alden C (t1) o 0 Godchaux Sug(B) Goldfield Consol Grand Natl F{lm Gray Tel PS (1) .. Grt A&RPTnv t6_ Greenfleld T& D . Gulf O1l (Pa) b2be Harvard Brewery. Hazeltine (b75c) . Hecla Mining b45o Hewitt Rubber Co. Heyden Ch (t2) _ Hollinger (+65c) .. Humble Ofl (1% ). Hygrade Sylv (3) 100s Illinois Iowa Pow. 8 Il Iowa Pwpf 2% 7 Il lowa Pwdctfs. 2 Illinois Zinc b25c_100s Imp Ofl Ltd tsbc & Imp Ofl reg (50c) 4 Indiana Sve 6%pt 208 Ind Service 7% pt 2 ins Co of No A t2.200s Intl Cigar M t3 Int H E Sep A war Intl Hy F18cv ot. Intl Petrolm t1%._ [ntl Produects Intl Radio (b25¢) . intl Ot (B) _ Interst P(Del)pf_ Inv Royalty (téc) Jacobs(FLjCot1) Jeanette Glas 2800 JersCen P&L pf 6 Corn—No. 2, vellow, domestic, 1.25; Western billing at a premium over this price. Cob corn nominal. Oats—No. 2, white, domestic, 64a 74; No. 3, 63a73, except grain on track there is an additional charge of 1!z cents per bushel for storage and elevation on all sales of oats. Rye—No. 2, 1.30a1.35. Barley, 93a98. Hay market holds steady to firm under a good demand for timothy and clover mixed at 17.00a22.00 per ton, but it takes well-graded No. 1 stock to bring the price. Poorer grades hard to sell and market irregular on all grades below No. 3 stock. Live Stock Market. Cattle—225; cows weak to 25 cents lower; spots off more; bulk, low cut- ters and cutters, 4.50a5.75; plain and medium grades, 6.25a7.00; few good grade, 7.25a8.00, and individual head, 8.25; bulls, weak to 25 cents lower; plain and medium grades, 5.50a7.00. Calves—100; vealers, steady; gond grades, 10.00a10.50 mostly; plain and medium, 7.50a9.50; culls down to 6.00 or below. Hogs—550; slow; generally 10 cenis lower than Thursday; good and choice grades, 170 to 210 pounds, 12.25a12.50; top, 12.50; 220 to 250 pounds and 140 to 160 pounds, 11.90a12.20; heavy- weights down to 11.40 or below; 120 to 140 pounds, 11.15a11.50; good pack- ing sows, 10.50a10.65; medium and thin offerings, 9.50 downward; hogs from doubtful areas not represented in above prices. Sheep—250; weak to 25 cents or more lower tendency in Spring lamb trade; railroad deck 77-pound average on shipping account, 14.10; local killers inactive and no action as yet on several trucked in lots; other classes absent. Seafood Market. Catfish, pound, 3a5; dressed, 7a8; carp, 2a3; eels, 9a10; haddock, 8a10; herring, 3a4; mackerel, 8; rock, 11a12; port Co. reported for the quarter ended March 31 consolidated net profit of $869,948, equal to 18 cents a share of capital stock. This compared with $607,844, or 13 cents a share, in the March quarter last year. A change in the company's system of setting up depreciation charges, effective January 31, 1937. increased first quarter earnings $88,000 over what they would have been under the old depreciation rates, the company re- ported. F. E. Myers & Bro. Co. F. E. Myers & Bro. Co. reported for the six months ended April 30 net in- come of $626,562, before undistributed profits tax, equal to $3.13 a common share. This compares With $394,121, or $1.97 a share, in the like 1936 period. For the quarter ended April 30 indicated net profit was $321,795, or $1.61 a share, against $304,767, or $1.52, in the preceding quarter, and $183,327, or 92 cents, a year ago. Waukesha Motor. Wiukesha Motor Co. reported for the nine months ended April 30 net profit of $712,144, before the undis- tribtued profits tax, equal to $1.78 a capital share, compared with $381,453, or 95 cents, in the preceding like period. No commissions or renewals. Taxes may be paid monthly. Investigate our economical loan plan. Sunray Oil (b5c) Sunshine Min (8). & Superior Port C B. 808 Tampa El (2.24) .. 1 Tastyeast(Del)A_ 5 Taylor Dist (30c). 2 Technicolor a50e_ 61 Tech Hughes t40c 1 Thew Shovel a50c 376s Tob Prod Exp 15¢ 1 Todd Shipyd (12). 60s Tr-Lux DPS t200. 37 Transwest Oil Co_ “Tubize Chatillion_ Tung-Sol Lamp__. Unexcelled Mfg__. Unit Gas Corp____ Utd Gas war_ - Unit Gas pf b315__ Unit Lt&Pwr pf A. Ut P&L pf b37%c_ Unit Prof Sh alve. Unit Shipyards A_ Unit Shipyds B.__ Unit Shoe M 1234 _ 17| U S Foil (B) (1) Lanston Monotype—10 at 94, 10 at 04, 10 at 94, 10 at 94, 7 at 94, 10 at 94, AFTER CALL. City & Suburban 5s—$1.000 af, 80, $1,000 at 179, $1,000 at 78, $1,000 | at 77 Potomac Electric Power 6% pfd.—5 at 110%. Mergenthaler Linotype—5 at 46. Bid and Asked Prices. BONDS. PUBLIC UTILITY. & Tel 41, & Pot. b 10614 10613 antt 10013 10615 10015 18 ' 18 716 11th Street Opposite Palals Royal Potomac E 3 Pub Ser N J Pub S NI Amer. Tel. Anacostia Ana. & Pot. C. & P. Tel of Va 2 Cavital Traction R. R. 5s_ 7 City & Suburban s 4 Georgetown_Gas Pot. 'Elec. Pow. - [mm ARE ASKED ABOUT amnncl} . e A - ACHw( is not money. It becomes money onty when honored by the bank upon which it is drawn. Consequently a bank, cashing a check drawn upon another bank, must have some recourse in case the check comes back unpaid. Banks require endorsement of a depositor on a stranger’s check simply as a matter of protection to the bank and its depositors. Cashing a non-depositor’s check is, in effect, advancing money without security. You, as an individual, would not consider it good business to give cash to a stranger in exchange for his check. The rules of banking simply aim to make sure that the bank will carry on the financial business of its custom- ers and its community efficiently and safely. In accordance with our established policy we are always glad tlo cash ag:deck;'orhany person who is properly identi and whose check is endorsed by one of our customers. McLachlen Banking Corporation Since 1891 TENTH AND G STREETS, N. W. S.W. Branch, 12th and Maryland Ave. Member Federal Deposit Insurance Corporation 1 % 08 1 i Eten 1 1 10 b 115 1 Wash! Gas RWy. & Elec. 45 _ MISCELLANEOUS. Chevy Chase Cluv st 414s. Col. Country Club blas _ W.'M. Cold Storage 35 - ! STOCKS. PUBLIC UTILITY. Amer. Tel. & Tel () Capital Transit Co N. & W. Steamboat (6) ~_ Pot. EL.'Pow. 6% nfd, (f) Pot. El. P. % of. (5.5 Wash. Gas Lt.Co. (3.60) 3 Wash. Ry. & ElL com. (36) *715 Wash. Ry. ‘& EL pfd (5 *108 BANK AND TRUST COMPANY. Amer. Sec. & Tr. Co. (eS) Bank of Bethesda (H.75) Capital (4) - Com. & Savings (10) _ Liberty (4) = Lincoln (16.25) Natl, Sav. & Tr, Pr_Georges Bk. Rizgs (eR) Riegs pfd. (5 Washington (8) "~ Wash, Loan & Tr. (e8) FIRE INSURA! & P AHHOE BANBO MO0 Ha g AnmmENe AT amaws Unit Verde Ex (1) Unit Wall Paper . Utilities P & L (4) UUl P & L pt (d) Utlity Equities Utilities Indust’l. Valspar vte. __ Venezuela Mex O_ Venezuela Petrol_. Waco Afrcraft___ Walker Mining Wayne Knit Mills. Wayne Pump b1 Well't'n O1l of DeL Wntwth Mfg blse W Va Coal & Coke Westn A E (a25c). Westn Au S bi0c Wil-iow Cafe pt _ Willson Prod (11 Wolver Tube b20c. Wright Harg t40c Ygstn Steel Db1y Yukon Gold(al3e) 8 8 Dividend rates tn doliars based on s Quarterly or semi-annual payment tAn- Sty gt Sk, i, e laf vidends a Pai 188t year. Jer Cent P&L pf 7 5 Paid this vear d Companies reported &8 Jonas & Nbg bise. Seing o, bankrupicy or'in vecelveranin, of v eorganized under the bankru Jones& Laugh Stl act. or securities assumed bv such com- Ken-RT&L b37 % oasites. Kingston Prod 4vo - Kirkland L G (6¢) BOSTON WOOL MARKET. e re) OSTON. M United States D R v . May 21 ( (United States De- Kreuger Brew (1). partment of Agriculture).—In a quiet wool Lake Sh M ¢14) _ market wood French combing lengths fine Iritory wools in originel bags were Lm.t::ug:fll:;;:)‘ d steady “95-D8 ents scoured basis, espite small demand. Leh Coal &N 30c. edium Missouri fleece wools in country- Leonard Ofl . prcked lots. containing comblng and cloth: MONTREAL SILVER. & 2 : Lion Ofl Ref (1)_. Rether. brought fi"‘uffig‘ Biotder G | | MONTREAL May 21 (P —8ilver futures Lockheed Afrcraft mand lhln"llll W!!‘K l"fi Sihn. e'fl'\‘l‘;b‘:‘f II&Q g{p:ncd ‘:!%ld!. unchanged w mfl!fi Locke 8t1 Ch t80- ivers wea' st lmiced. dom. 4 B mil! LEAD STOCKS DECLINE FURTHER DURING APRIL By the Associated Press. NEW YORK, May 21.—Stocks of lead in refineries in the United States in April declined 8,742 short tons, the ninth consecutive month of decline, to 128,462 tons, the American Bureau of Metal Statistics reported today. This compared with 220,991 a year ago. April lead output, the bureau said, totaled 46468 tons, compared with 43,818 in March and 38,073 in April, 1936. Domestic shipments amounted 5 to 55,200, against 63,425 in March and | White perch, 6a8; yellow, 8a10; trout. 40,457 in April, 1936, 6a8; bluefish, 8a10; flounders, 12a15; =2 = croakers, 3a4; spots, 3a4; hl:rghe;g. 2a4; butter fish, 6a7; roe shad, 20; PHILADELPHIA PRODUCE. |gp)it shad, 15a18; buck snad, 15a18: PHILADELPHIA. May 21 (P.—Live | soft crabs, dozen, 45a1.30; hard crabs, e 1 5-5 01 VA e oo Yol | arrel, 3.5084.50: crab meat, pound, 9: Reds, LUl T 25a45; shrimp, 16als; clams, large, L R R O T 100, 90; Cherrystones, 60a65; little 1-1:1.;;.;1t 16-!101, necks, 50855; frogs, each, 15. 320 9L, 31 Tobacco Market. Quotations on old stock—Maryland firm leaf, nondescript, 3a4; common, 4a10; medium, 10a30; good to fine, red, 30a40; seconds common, 3a7; medium, good to fine, 15a35. ‘erni-Soc 6135 ’ ww—With warrants. xw—Without war- yants. n—New. st (sip)—Stamped. [Negotiability impaired by maturity. Companies reported in receivership. & T T. S. TREASURY NOTES. American (6) Corcoran (5) z Firemen's (1.60) National Union (.60) TITLE INSURANCE. Columbla €.30) 12 Real Estate (8) MISCELLANEOUS. Carpel Corp. (2.00) Lanston Monotype (14) Lincoln Serv. com (+1.00) Lincoln fd. (3:50) Mergenthaler Lino. (2,00} Peoples Drug 8. com. (+1.00) Peoples Dr. 8t. ofd. (6.50) Real Est. M.&G. pf. Security Storaxe’ (5) Ter. Ref. & Wh. Corp. (3 Wdwd. & Loth. com. (¥1.50) Wdwd. & Loth. pfd. (7) *Ex-dividend. d. (H) 7 30, 1036. o I L L - T T, + . NEW YORK. May 21 (™ —Prices auoted #n dollars and thirty-seconds: te. Mo, Yr. Feb. o & oo 45 4 LRI F I A A9 NG R = Long wrades, 323%-36%:; 92. 32- 88, 29%a. METAL MARKET. 'W YORK. May 21 (P.—Copper * steady: electrolytic spot wnd future. 14.0 14.56: tin steady: spot and n i : future. 56371, Lead stead 8ot New York. 6.00-6.03; East St. Louls, b &5, : t St. Louis, spot and future. 635 Iron. aluminum. anti- mony. - quicksilver, ‘platinum and Woif- Tamite unchanged. ‘ (® 27:,[e‘xv.r235.c Dalyes extra. (*%) 25¢c p une paid December 22. 1936. — S.W. RUBBER FUTURES. YORK, May 21 (P).—Orude rubber m%EA‘Z opened steady. 11 to 19 higher, 2 ted; July, 21.18b; ber, Y R Betober 1 500, P BIR Booklets covering this series, may be had upon request.]