Evening Star Newspaper, May 24, 1937, Page 19

FINANCIAL. -FEDERAL BONDS REGISTER GAIN Domestic Corporate Issues ‘Follow Mixed Trend, Changes Small. Bond Averages 10 Rills. mdlet. O, Mieh, Net change. +.1 —.1 +.1Unc. Today noon 93.2102.8 98.1 72.1 Prev. 93.11029 98.0 72.1 93.0102.7 995 T1.4 91.6102.6 101.3 68.4 99.0104.4102.8 74.7 92.61024 978 70.5 1936 high.. 98.2104.4103.1 73.0 1936 low ... 86.9101.8 99.3 67.6 1932 low ... 458 40.0° 64.6 42.2 1928 high..101.1 98.9102.9100.5 10 Low-Yield Bonds. Noon-.. . 110.7 Prev. day- 110.6 Month ago 109.0 Year ago.111.8 1937 high. 113.7 1937 low_. 108.4 1986 high_ 113.5 1936 low._ 110.2 1928 high_ 104.4 1932 low._ 86.8 1937 high.. 1937 low... (Comptled by the Associated Press.) THE EVENING STAR, WASHINGTON, D. C. MONDAY, BONDS ON N. Y. STOCK By private wire direct $0 The Star. Approximate Transactions Today. U S Gov’'t Bonds. Foreign Bonds....., Domestic Bonds_.. 4,830,000 TREASURY. AN time lhn'n b-l-w on which the *Hixh, 2%81949-53 29,8 1945-47. 238194851, 23,81951-54. 23,81958-59. 2738 1955-60. 3% s 1940-43June 33%81941-43 Mar 48 1944-54_ 4%8-33,8°43-45_ 4348 1947-52 - 8,460,000 900,000 hb 1 u.n ssving Low. 97.28 97.17 97 28 - 102.14 102.10 102.14 == 100.22 100.18 100.21 99.30 99.23 99.29 99.26 99.16 99.24 100.27 100.16 100.27 102.28 102.17 102.28 104.20 104.13 104.20 104.10 104.2 104.10 106.13 106.11 106.13 106.6 105.31 106.2 105.23 105.23 105.23 106.17 106.17 106.17 106.24 106.16 106.24 . 109.20 109.13 109.20 111.10 111, 106.3 106. 115.19 115.11 115.19 FEDERAL FARM MORTGAGE. - 102.28 102.21 102.28 —--1 102:24 102124 102124 1 HOME OWNERS' LOAN. 2% 81942-44 2%,81939-49 381952 FOREIGN BONDS. High. Low. Close. Abltibl Pa&Pw 5s°53 100% 100% 100% Agr Mtg Bk Col 6s'48 24 24 B the Associated Press. NEW YORK, May States Government loans worked higher Akershus 5563 Antioquia 7s 45 Antioquia 7s 45 C Antioquia 7s 45 24.—United - 98 - 23 =L 134 98 13 13 13% l“ll- 1. 106.3 99.26 99.20 99.26 - 100.7 100.1 100.6 - 101.28 101.21 101.27 24 98 13 13 13% High. Low. Close, Bklyn Un E168°50_.. 105% 1056% 105% Bklyn Un Gas5s’60.. 9715 971 97% '57 B.. 106% 105% 105% BufGE4%s'81B___ 109% 109% 109% Buff R&P con 4 Bush Term con 5s’55. GZK GSV- Bush Ter Bldg 68 °'60. 60 60 Camag 78°42 ctf, 24% Can'dian NR 43 1123 Can'dian NBC%I'B'I . 4 111% Can'dfan N 55'69 July 115% Can’dian NR 68 '70___ 117% Can'dian N db 6148'46 124% Can’dian P db 48 P 938, C 'dian Pac ‘%l 48 104% 102 1073 110% % 1017 81% 104%s 101 1074% 1074 Can 'dian Pac b 54_,. CaroCl& O 6s'52 A __ Car & Gen 6850 ww_. Cent of Ga 1st 58°45_. Cent Hud G&E 58 '57_ Cent Il E& G b8 '61 Cent Pac 18t rf 4 Cent Pac 6560 Cert'd deb 5%s Champ P&F 4%8'5 Chesap C cv bi Ches & O 31;8°96 &Ogen4dis’o2_ 'hi B&Q gen ¢s°68__. Chi B&Q 4817 Chi B&Q ref 5s8°71. 1 Chi B&QI div 3348 °49 Chi B&QI div 4s°49.__. Chi & E 11 6551 Chi & E Il 51 Chi Grt West 4s°59_. Chi Ind & 8o 45 '56. CM&StP4s'89_ CM&StP gn 41%8'89 C. CM&StP5s'75_ CN&S!P&PBG}SS"GOO 105% 115% 96% 120 111 110% 116% 107 112 40 88% | . Chi& NW gen 4s5'87_. Chi & NW 4%5°49 __ C&NW Nr W 6%s'36. Chi R I&P 4158°52 Chi R1&P 4158 °52 ctf. EXCHANGE NatlDisP C4%u'45. an Steel 45°65 l\ w E T&T 4% New Jer.Junc 4s '8 s New Orl PS 68’62 A_. New Or1 P8 5855 B_. New Or Ter 1st 45°53. New Or] T&M 68’51 B New Orl T&M 51 8'54. N Y Central 338 52_. NY Central 3%,s'46_. NY Centcon 4s'98___ NY Centrf 43482013 NY Crf4%s2013n_ NY Cent rf 552013 NY Centcv 6544 NYCLSh31;8'98 N % NYC&St L 1st 4337 NYC&St L 43587 NYC&St L 6%5 74 A. NY Chi& St L 65°38_ NY Conn 1st 4 NY Dock 5s°38 NY Edison 3%s°'65 D. NY Edisref 338’66_. NYL&W1st4s'73__ NY NH & H 3%8'56_ NY NH & H 48'55... NY NH& H 43°'56_ NYNH&H 4%8'67 NYNH&Hcv 6848 NY O&W gen 4855 NY O&W ref 48'92___ NY & Rich G 6s'51 NY Steam 1st 55 '51_ NY Steam 1st 68°47__ NY Tel gen 435539 _ Norf & W 1st 45'96 __ North Am Co 58°61__ North Am Ed 58 '57 A North Am Ed 6569 C High. Low. Close. 104% 104% 104% 106 106 106 119 119 119 118% 118% 118% 101 101 101 106% 106% 106% 96% 96% 81% 52% b4v 109% 101% 975- BIG PAPER MILL: CONTRACT SIGNED National Container Awards $3,500,000 Project to Merritt-Chapman. By the Associated Press. NEW YORK, May 24—A contract 4| for construction of a $3,500,000 kraft in an unsettled bond market today. Gains in the Federal list ranged to 3, of a point, with most issues up less than 5. Domestic corporate obligations fol- lowed fractionally mixed trends, with gains and losses about evenly divided | late in the afternoon. Missouri Pa=- cific 55 F lost a major fraction and smaller setbacks were dealt “Katy” 5s, Frisco 4!25 and Baltimore & Ohio tl2s, American Water Works 6s gained more than a point and slight improve- ment was shown by American Power 85 and Consolidated Edison 3!4s. Foreigns moved sluggishly, gains predominating. with NEW YORK BANK STOCKS YORK. May 24 (P).—New York Security Dealers’ Association: (Quotations as of 2 o'clock.) Bk of Man (11%) _ Bankers Tr (2) Gommercial_(5) Cont Bk & Tr ( 80) Corn Ex Bk & T ( Empire Tr (1) First Nat (Bos) (2 First Natl (100 Guaranty Tr (12 Trving Tr (.60) Manufacturers’ Tr (2) 4 (@ .—Poultry, live, ucks: “steady. Hens over 5 ,pounds and less. és Leg- % pratien Plymouth and White Rock, 19: Leghorn. 19. colored. 26: Elymoutn, T Spr and White Rock: 28, Dareback. ters, i Leghorn, “11: turkevs, 15: No. 2 turkeys. 14; colored! 412 pounds up. entraitsed unsettled: e hrsts, Jocal graded firsts, local, rent receipts, 183.% LA 197 stos on track, U. S. shipments’ Saturday. 906: Sunday. £R: old 'stock steady: supplies moderate: demand fairly good; sacked per hundred: Nelsht. Tdaho Russet B}:lrbm\ks 5 2 nrlclicnllv hec from cuts and cHDDPd nds. : Maine Green Mountains, U. 2.10: new stock. best fair quality slightly weaker: SupDites lberal demang, Tau Lowislens Triumpl § 90-7. se. U. 8. and condition, e FOREIGN EXCHANGES NEW YORK. May 24 (P.—Foreign ex- €hange mixed: Great Britain in dollars. others in cents. Great Britain demand 4,943 cables. 4.943,: 60-d 1l 3 France. demand. 4.463 Laly. demand, 5261, mands—Belgium s r’*gls:tr'd @5 fair qu guoted Ponunl oland. slavia, 3 9.80° nia SR L RRoin: Tokio 881 hat, Hongkong. 30.57: Mexico City. 27.%5; Montreal in New ' York. 100.1013; New York in Montreal, 99.80%. n—Nominal. NEW YORK SUGAR. NEW YORK. May 24 (P.—Raw sugar was unchanged early “today at 3.35 for spots. No sales were reported. but the undertone was firm and there was noth- ing offered below 3.45 Futures were firmer in both contracts on covering and buyving by commission houses encourazed by the strength of the spot market and the early firmness at London. July No. 4 sold at 2.50 and September at 240 ‘or unchanged to 2 roints higher. and were around the best at midday. when July No. 4 -and September 1.26. net_higher. Refined was unchanged locallv at for fine sranulated "but demand, ight. Most of _the Southern refines however, quote 4.70 (or prompt shipment. NEW YORK PRODUCE. NEW YORK. May 24 (P —Butter, steady. was 1.9 or 115 to * 4.80 was 2R-303 oemnnzefl (90 score), : qulet and firm. State, fresh, fancy, 16i2; held. fancy. 1936, Eggs. 33,91 elal acks storage-packed firs 21: mediums and dlxues. average checks, 18V Live poultry, by freight. wuk Fowl, colored.’ 20: Lej 13: turkeys, unquoted. T. S. TREASURY POSITION. B> the Assoctated Press. The position of the Treasury May 21: Recelpts, 4 19,766,744.44; " expenditur 4. i balance. $1.732.47 : cnmumx receipts for the mon _but quiet. roosters, ' chickens; the fiscal vear (since July 543.45: eXDendllurrs 6.~ including 2528, an increase of rfithe g;evloul day: gold 7 includin )0 of inactive gold, L (IRUDE OIL PRICES. ‘TULSA. May 24 (®.—Base crude g prices: Miticoncinent area, Oklahoma- ansas, gravity scale. 98 to North Central and West gravity scal 0 1. West Texn (Permian Basin). RTavity North ll.oul LR Eradg (Brad. South- -llme &rade 37; same grade in Buck- es, G tiness 21357 Corning, 1.42. RAILWAY INCOME. NEW YORK. May 24 (#.—Net operat- ingincome (before 'fixed’ charges and er income) nicporting todty for the mont ud”eg En&)lx Central 788,702 t Tol & Iron_ ; Det Tol & Gulb Mob & N Seaboard Air Li; CANADIAN MARTS CLOSED. 'I?RON'IO May 24 (#).—All Cana- *dian’ finAncial markets were closed today, Victoria day. Montreal Com- modity Exchange and the Winnipeg &rain market also were closed, of Tailroads “ Anuoqulals K 12y 121 124 Antwerp 5s* Argentine 415571 . Argentine 512562 Argentine 6357 A Argentine 63’59 June Argentine 6s'59 Oct._. Argentine 6s'60 May. Argentine 6s'60 Sept. Argentine 63’60 Oct_. Argentine 65’61 Febr Argentine 6s°61 May. Australia 4358 '56. Australia 5857 Austrian 7s Belgium 6158 49_ Belgium Berlin 6s 5! Berlin Gus'so Brazil 61;s°2 Brazil 613s°27 Brazil 7s'52 Brazil 8s 41. _ Brisbane 6s'50._. Budapest 6s'62 _ Buenos A C 6560 Apr Buenos A C 3s'84 Beu A 435-435'77 Pv. Buenos A4138-43,8'75 Buenos A C 6s '60 Oct. Buenos A C 6148°55__ Bulgaria 712868 Canada 23%s 45 Candaa 33,5 °61___. Canada 45 "60_. Canada 58 '52_ Chile 6560 _ Chile 65’61 Jan Chile 65’61 Febr._. Chile 65 °61 Sept. Chile ss's Chile 6: Chile 78" 12 Chile Mtg Bk 6561 Chile Mtg Bk 6562 _. Chile Mtg Bk 615857 Chile Mtg Bk 63,561 Chilean Mun L 7s '60_ Colombia 6s°'61 Jan__ Colombia 65 '61 Oct. Col Mtg Bk 75’46 Copenhagen 4328’53 _ Copenhagen 55’52 Cuba 5%8 '45._ Denmark 438 Denmark 5338 '35 Denmark 634 Dominic 18t § Ger CBk A 65'38_ Ger CBk A 78'50_ Ger Gov 51%s 658t___ Ger Prv & City Bank con Ag 64558 Ger Rep 7s'49 stpd. Haiti 68°52___ Hamburg St 654 Harp Min ss'u Heidelberg 71 Helsingfors 51»5'60 Hungary 713844 Hung LM 7%s'61 B_ Italy 7851 Ital Crd P W 7547 B_ Japan ss 55 Japan 6325’5 Jugos Mtg Bk 78757 Kreug&Toll 5559 cfs Lombard Elec 7s'52_. Medelin 613854 Milan 63;8°52 ._ Minas Gers 635 '58 Minas Gers 61:5'59 New So Wales 55'58_.. Norway 4563 ____. Norway 42865 —eeo Norway 413856, Norway 6543 Norway 65’44 Norw Mun BK 55'70__ Oriental Dev 5% 858 Oriental Dev 65°53__. Oslo 4%38°55_ Panama 5s'63.__ Panama 5s ‘63 stp as Pernambuco 7847 Peru 6560 Peru 68’61 Peru 7s'59 Prussia 6135’51 Rhine Rhur 65’53 Rio de Jan 633553 Rio Gr do Sul 7s '66 Roumania 78'59 Sao Paulo St 7s'40__. Sao Paulo St 7s'36___ Serbs 85'62__ Taiwan Elec 5%8°71_ Trondhiem 6% 67 Tyrol Hy El 7%s'55... Un Stl Wk 614847 A_ Un Stl Wks 612 Uruguay 6s'60._. Uruguay 63 °64.. Uruguay §s'46.. Vienna 6s'52_. Warsaw 7s°58 Westphal EP 6s°'53._ Yokohoma 6s '61 98 102% 757 811 99'a 5% 2 1001y 98% 100% 101'% 9974 1011e 1017 101 2 101% 100% 1017 1017% 1068 102'% 109% 116% 208 20% 38 3774 394 AT% lOO\t \uo‘; 101% 9974 10114 1017 10114 1013 100% 1017% 101% 106% 102t 109% 1162 208, 20% 38 38 393, AT% 1023 32% 100% 58 7% 7814 804 4 100% 100% 28 98%, 9912 4 107 112% 1A 28% 67% 67% 6T 45% 22‘/4 DOMESTIC IONDS Alleg Corp 58 "44... Alleg Corp 58 49_. Alleg Corp 58 '50._. Alleg Corp 5850 !lp Allied Stores 41, 8'50 Allied Stores 48’51 Am & For Pw 55 2030 Am1GCh5%s'49___ Am Intl 6%s'49 AmT & T 3%s " AmT& T 3%s" 66.. AmT& T 48" 39<... Anaconda deb 438 ‘50 Anglo-Chil Nit 7s'67. Armour & Co 4%8°39. Armour(Del)1st 48’55 Armour (Del) 4s°57_. Armstrong Ck 48°50... A T&S Fe 4s'05-'565... 106 A T&S Fe adj 48°'95__ 104%, 113 105 97% 97y 104% 106 95 st 106% 105 11035 110% 110% 102% 98 101% 1024 5% 811 99% 5% 66% 105 113% 106 105% 105‘/: 105% 102§| 102% 102% 97% 97% 104% 97% 9% 104% 108 105% 105% 106% 106 ChiR I&P 415860 __ Chi T H&S 18t 65 '60_. Chi T H&S Inc 68 '60_ ChiUn Sta 31,8°51__. ChiUnSta3%s’63 E. Chi & W Incon 4s'62. Chi& W Ind 43%s'62_. Chlldl&:Co 5l'13~ Cin Un Term 58°57___ CCC&StLrf 4%s'TTE CCC&StLrf5s63D._. CCC&StL StL dv4s'90 ClevELIIl 338’6 Colo & So 4145 '80 Columbia G & E deb 58'52 April_______ ColumblaG &ES5s Columbia G&E 53761 Colum Ry P&L 4s '65. Comecl Credit 33 s '51. Com Inv Tr 8138’51 ConnR &L 48 3 ConsEd N Y 3%s '46_ Cons Ed N Y 3%s56_ Consol 011 3% '51 Consum Pwr 33,566~ Consum P un 33%s°65. Consum Pwr 3%8°70. Consum Pwr 3%8°65_ Container deb bs ‘43 Container 6s°46 Crane Co 318 Crown Will P 68 '5. Cuba RR 18t 6552 Cuba RR 7% 836 ctf Del & Hud ref 4543 _. Den & R G con 4536 Den&RG W 58'55__ Den & RGW 58'55asst Den& RGref 55°78_. Det Edison 3138 '66 Det Edison 434s 61 D Det Edison 58 ‘52 Dul SS& At 58'87 Duquesne Lt 3348 '65. Elec Auto Lite 48°52_ ElPaso NG 4%5'46. Elgin J &E 55°41_ Eriecv 4853 B_ Erie cons ¢s '96_. Erferef 55°67_. Erie ref 58°75_ Fairbks Morse 45 '56_ Fed Lt&Tr 5842 st__. Fed Lt&Tr 6s '42_. FlaECRy 5s'74_ Fla E C Ry 5874 ctfs. Fond J&G 2s-48'82 ct. Francisco Sug 6s'56.. Gen Mot Acc 38’45 ___ Gen Mot Acc 3% s '51. Gen Stl Cast 51549 Goodrich 43, s°56 Goodrich 6545 Goodyear T&R b Grt Nr Ry 3%s'67 Great NRy 4s'46 G__ Grt NRy 4s'46 H Grt NR gen 4148°'75 D GrtNR 4%8'1TE Grt NR5138'52 B Green Bay 65’62 B Gulf M& N 58 50 Gulf Sta Util 4155 °46. Gulf Sta Stl 438 '61_. Hoe (R) 1st mtg 44 Houston Oil 51,8 40 Hudson Coal b8 '52 Hud & Man inc 68 °57. Hud & Man ref 5s ‘57— 111 Bell Tel 3143 °70.. Il1 Cent col tr 48 '52 111 Cent col tr 48°63.. 111 Cent ref 4855 Il Cent 4%s'6 Il1 Cent ref 5s8°55_. ICC&St LN O ‘%l’fl Inland St13%s’61.__ Ind 11l & Iowa 48’50 Int R T 1st rf 6866 IRT 1strf 5866 ct IntRT6s'32_ IntRT 78’32 IntR T 78'32 ctfs Interlake Iron 48’4’ Int Grt Nr6s'52 A .. Int Grt Nr adj 6552 A Int Hydro Elec 6s 44 Int Mer Marine 6s ‘41 Int Pap 1st 6847 A_. Int Pap ref 68°55 Int T&T cv 438’3 Int T&T 4%8°62 Int T&T bs '55 JamesF & C48°39___ Jones&L Stl1 4% 8'61A Kans City So ref 58’50 Kans C Ter 18t 4560 Kings Co El 4549 Laclede Gas 58’39 Laclede G 63:8°'53 C. Laclede Gas 6s'42 A_. Lautaro Nit 19768 Leh C&N 4%s ‘64 Leh Val Har 5s°54_. LV NY 1st 4545 gtd_. Leh V P con 45 2003 Leh VPcon 4%s 2003 Leh V RR con §s 2003 Ligg & Myers 5s '51.. Loew’s 3128°46 Long Islref 4s'49 Lorillard 78’44 ____. ka & Ark 5869 L &N 1st 45 200 98% L&Nunif4s'40____. 106% L &N 4182003 C_... 106 L&N552003B.____. 108% L & N So Mon jt 48’62 96 McKess&Rob 5148'50. MeC RR gn %860 A Manati Sug 7%8'42__ Man S 1st 7T} s'42ctfs Mead Co 65°45 Met Ed 1st rf Mex Int R 48°77 Mich Cent 41457 Mid RRNJ 40. Mil El R&L 58’61 Mil El R&S L rf 68’71 Mil Spa & N W 48°47_ 103%¢ 114% 4 107T% 5513 554 104% IOA‘A 109 109% 14813 14815 1L 1 83 83 981z 99 9% 80 9% 79% 1013, 1013 102% 102% 103 14 13% 3% 72 » 1024 100% 82 9% 105 1045 93% 13814 110 104 3 10315 104% 109% 148% 1021 100} 8213 9974 10! 84Y% T0% 5 95% 102% 89 109 101 95! 95 1021 102% 89 89 109 109 101 101 93 93 60 53 33 94 101% lOl‘a 6!% 6414 2% 128 -- 99 . 10215 127% 927 103% 80 North Am Ed 5%s°'63 108% 108% 108% 110% 110% 110% 103% 102% 103 93% 93% 93% 92% 92% 92% 5% 5% 7T5% 100% 100% 100% 106% 106% 106% 6% 76 76 114 114 86% 86U 86% 85% 85Y% 8 8 85 98% 97 981 108% 103% 103% 104 104 104 Atl Coast L 1st 48°52. Atl Coast L clt AtICLun 4%s'64___ At1G & W 18t 5859 Atl Refining deb 58'37 B&O1st 4848, B&O4%8'60_ O 1st 5848 114 86% PLE&W Vis'él OSwnbs’'50. .. B & O Toledo 48’59 Bang&Arooscv 4s BattleCrk & St 3s ;! ‘48 Bé& B& B& B& B& B& B& 118% 118% 118% 95% 95% 95% 103% 103% 108% 6. 9% T9% 9% Bos& Meb6s’55..__.. 8 85 8 Bklyn CRRbs ‘41.__. 88% 834 88% Bklyn Ed con 3% s'66 100% 100% 100% BklynMan T ¢%s°66. 92% 92 92 A MStP&SSM cn 4s°38.. MStP&SSM 5%8°78 __ MStP&SSM 5338 gtd Mo I11 58’59 MoK & T 1st 48°90__. MoK&T4s'62B MoK&T68'62 A Nor'n Pac gen 3s 2047 Nor'n Pac 4s'97_ Nor'n Pac 4158 2047_ Nor’'n Pac 55 2047 D_. Nor'n Pac 6s 2047_._. Ohio Edison 45’65 Ogden L C 4848 Oreg W RR 4s'61... Otis Steel 4128°62_ Pac Gas & E13%;8'66. PacG&E3%s'61. PacG&E 48’64 _. Pac Mo 1st 45'38 Pac T&Trf3%s Pac T&T 3%s8'66 C__. Para Broadway 3s'55 Paramount Pic 6s'55. Penn Co 4s'63 . Penn Dixje C 65’41 Penn P& L 41;8°81._ Penn RR3Yswi Penn RR3%8'70C__. Penn RR cn 4s 48 stp Penn RR 438’81 D_ Penn RR 43,884 Penn RR con 4%s Penn RR gn 47 Penn RR deb 4 Penn RR gen 5868 __ People GL&C rf 5547 People G L&C 6s'43__ Peoria & E inc 45’90, Pere Margq 1st 5s°66.. Phila B&EW 4128'77.. Phila Co 5867 Phila & R C&I 5873 Phila &R C&I 6s°49.. Pillsbury F M 65 '43_. PCC&StL 58’15 B __. Port Gen E14128"60._. Porto Rico A T 6s°42. Postal Tel & C5s ", Pressed Stl Car 58°51 Pure Ol 4148°50 ww_ Pure Oil 4145’50 xw__ Purity Baking 5s'48._ R-K-O 6541 Reading Jer C 48 °51_. Reading R 415897 A_ Reading R 418 '97 B_ Republic Stl 4145 °50_ Republic Stl 4145 °56_ Republic Stl1 432861 Richfield Ofl 6544 _ Richfield O 6844 ctfs RIA&L 1st4les'34_. Rutland RR 435 '41_. St LIM&S R&G 4s°33. St L-SF 48’50 A ctfs. St L-S Fran 4%s'7 St L-S F 4148’78 cf st. StP M&M P ext 4s°40 St P M&M ext 58°43 _ San A & A Pass 4s8°43 San AnP Svc 68’52 A San Diego CG&E4s'65 Seabd A Liref 45°'59 _ Seabd A Lirf 48'59 cfs Seabd A Liadj 58°49__ Seabd A L 6s'45 A__ _ Seabd A-F1 6835 A ct. Shell Un deb 3158 °51_ Silesian Am 7s "41 Skelly Ofl 4s°51_ Socony Vav 31, South Bell T&T 55 41 Southn Cal G 418’61 So Colo Pwr 6s 47 A_ SoPac3¥s’'46 So Pac col 4849 So Pacref 48 So Pac 4125’68 So Pac 41%s'69 So Pac 41;s So Pac Oreg 414877 So Pac S F Ter 4s'50. So Ry gen 48'56 A. So Ry 53'94._ So Ry gen 6s°56. SoRy M&O 4538 So Ry St L div 4s'51_. S W Bell Tel 312864 Southw’n G&E 4s ‘60 Staley A E 45°46__ Stand Oil N J 35'61_. Studebaker cv 68 '45._. Swift & Co 3% 8'50._. Tenn C&C 6s'44 B Tenn El Pw 6s 47 A Term As St L 4s°'53 __ ‘Texas Corp 3158°51 _ Texas & Pac 58°'77 B_ Texas & Pac 58’79 C. Texas & Pac 5s'80 D Third A ad in ex 5866 ‘Tide Wat Oil 23538'52. Tol St L& W 45’50 _. UnEIL&P58'37 .__ UnEIL&P53;s 54 Union Pac 314870 Union Pac 31,8°71 Un Pac 1st rf 48 2008. United Drug 5s°53 Utd Rys St L 45 '34._. U S Rubber 55’47 _ Utah L& T 58’44 A Utah P& L b8 "44_ Util P& L 53’59 w' UtllP&L5%s 47 __ Ver Sug 1st 75’42 ctfs VaE&P1strf 45’55 VaRy1st3%s'66 A_ Wabash 1st 5s°39_ Wabash 5876 B. Wabash 534575 Wabash Oma 8148 41 Walker H&S 434845 ‘Walworth 48 °55 ‘Warner Broscv 6s ‘39 Warner-Quin 6s°'3 ‘Warren Brev 6s 41 ‘W Sh 1st 45 2061 Sld< West'n Md 1st 4s°52_ ‘Westn Pac 58’46 A___ ‘West'n Pac 55’46 A as ‘West'n Un 415850 Westn Un cl tr 5 ‘Westn Un 6s 51 ‘West'n Un 5s°60. Wheel Steel 43,853 White Sew M 65 °40 ‘W Sp Stl 1st 78’35 ct_ ‘W Sp Stl con 78°35 ct. Wilkes B&E 1st 68°42 Wilson & Co T ‘Wis CS&DT 4s°36 cn Y'ngstn S&T 3%s'51. Y'ngstn S&T 4s »| poung, ‘prints, 98y, » 1047 102 104 9775 122 105% 10315 901 108% 10’4‘ 106 105% 10315 10312 9012 9015 108% 1081 1033, 103% 103% 103'% 104 1034 261 25% 998, 99% 98 98 . 105% 105% 1027 1027 97 97 9652 9614 1061 106 9612 9613 3 104% 94 36% 104% 9314 36'% 37 6315 l'l% 1% 1T% 137% 1371 1871 101% 101% 101% MoK & T adj 58 Mo Pac4s'75. _ Mo Pac55°65 A. Mo Pac 53 '77 F. Mo Pac 58’78 G. Mo Pac 55’80 H Monong Pub S 4% Mont Pwr 3%8°'66.... 94% Mont Cent 58 '37_ 100% 100% Morris & Es 3%s 2000 90% 90 90 Morris&Essex 44856 88% 885 885 Morris&Essex 68°'66.. 97% 9% 97% Mutual Fuel G 55°47.. 114% 114% 114% Namm & Sons 6s°43__ 101 100% 101 Natl Dairy 3% s'51ww 103% 103% 108% SPENDING TO JUMP. NEW YORK, May 24 (#).—More than $10,300,000, it is estimated, will be spent by the iron and steel in- dustries in research work this year, compared with $9,200,000 in 1936 and $8,700,000 in 1929, the American Iron & Steel Institute announced. SAFEWAY SALES CLIMB. NEW YORK, May 24 (#).—Sales of Safeway Stores, Inc, for the four weeks ended May 15, totaled $29,- 313,358, an increase of 15.2 per cent over the $25441,542 reported for the similar period in 1936. paper pulp and board mill at Jackson- ville, Fla., has been awarded by the National Container Corp. to the Mer- ritt-Chapman & Scott Corp., salvage engineers and builders, it was an- nounced today. Gwin A. Whitney, president of the engineering concern, said construction would get under way immediately. Plans call for completion of the plant early next year. It was the fifth contract the con- struction division of Merritt-Chapman & Scott has obtained for paper and pulp mills in the South on the migra- tion to that section now under way. The others covered three kraft and : paper mills for Union Bag & Paper Corp. at Savannah and a pulp mill for the Container Corp. of America at Fernandina, Fla. ‘The new Jacksonville plant will have a daily capacity of 200 tons of pulp. CLEARING HOUSE ISSUES REPORT AT NEW YORK By the Associated Press. NEW YORK, May 24—The weekly statement of the New York Clearing House shows: Total surplus and undivided profits unchanged at $884,780,100. ‘Total net demand deposits (average) decreased $13,019,000. Time deposits (average) increased $21,890,000. Clearings week ending today, $3,- 201,699,293, Clearings week ending May 15, $3,366,971,499. Washington Produce BUTTER—92 score, 1-pound prints, 3: Y-pound prints, :i6; 34: 90 score, pous 3% Ye-pound prints, ul MEATB]—Chmce beef. 18: a) ork calves. 16; veal, 16 loin, 28; trozen i, "S3F smoked ham, 25; i1ab " bacon, 28 com: Prices *prid shippers’ net f.ob. Wal s ington. By the United States Bureau of Aggleuitural Economics Market steady and unchanged. CUrrane rerelts 1B try: Seanery whics 19a20. Government graded and ~dated whife eggs: U. 8. extras, large, 24: U. 8. mednums. 20, U. 8. standards, Ve POULTRY —Market Arm on Sprine chickens at 1; cent advance. Fowl: Col- ored, heavy. I6al7, & few at 18: Leshorns, roasters. 10. Chickens: Rotks 258253, Legho less n° 2 pounds. ROMRESs: Dl nenes 15 o1d tome. 5 Fruits and Vegetables. Sales in large lols by original receivers up to 8 am. today. APPLES—No carlot arrivals; one broken car on track. Suplies moderate; demand moderate. market steady. Maryland, Pennsylvania. Virginia and West Virsin bushel baskets. U. 8. Be inch minimum, "1 ln imum, 1.40-1.50 35: Winesaps. 1.75; 2V-inch mi] inch minimum, L. 8 2.00: 234-inch minimum, 2 Yellow Newtowns. -~ 2ls-inch 1.7581.85: 2';-inch minimum, 2.2 2%-inch_minimum, 2.50. Boxe: nation e fancy and fancy wmex“”' 16: 5 5 ‘minimum, 50; Delcicis or scalded. 2 25, Rive “Texas - arrived; one broken and four unbroken cars on track. Supplies moderate; demand market steady. Florida, lug boxes, green; ripes and turning. wrapped. 6x6 and best. .50 poorer low as 2.00; 6X7 00-2.50: poorer. low at 1.50; 7x7. lug ‘boxes. green.' ripes pped. 6x6 and larger, 5 STRAWBERRIES—No _carlot _ arrivals; no cars on track. Truck receipts light; supplies light: demand fair; market ateady. 32-quart crates—Maryland, nary quality. .’mn-.x.nu crate. Eastern Shi nary quality, * $3.50, mostly 2.00-2.50. e. ASPARAGU arrivals: no cars on track. Truck receipts moderate; supplies moderate: demand fair; market steady. Pyramid crates. dozen 'bunchi New oTSE¥io,OXI8 colossal, 22582 2 a CABBAGE=No cariot ariivals on track. ~ Truck hampers. 758! Al e California. arrived: one broken and two unbroken cars on track. Supplies moderate: demand moderate: market steady Californis, Western letuuce crates. .50 mostly, 4.00a4.2. CA’ UL E—No carlot three broken cars on moderate: demand steady rtivais: Supplies Tket e 51y’ 3.0083 55, CE—8ix California arrived: nine broken and_eight unbroken cars on track. Supplies fairly liberal: demand moderate: market steady. California _ Western crates lcaberl Uivpe, O dozen: 3.9583.78, mostly 3.50 flnlon Prices Steady. O] Texas arrived; one broken Rd one UnbrOKen cars on track, Supplies moderate: demand moderate: market steady. Texas. 50-pound sacks. yellow’Bermudas. U 8. commerclal, 1.65a1 75. PEA! California arrived; one broken and one unbroken cars on ' track. Truck receipts moderate: supplies fairly demand fair: market slightly weaker. North Carolina. bushel hampers, 75c-1.00: California, bushel hampers, Telephones 2 25 POTATOES—Three Maine. five Bouth Carolina arrived: six broken and eight unbroken cars on track. Old stock: 8up- plies moderste: demand moderate; market stroneer. ~ 100-pound _sacks, 8. 1: Maine. Green Mountains. new stock: Supplies moderate: moderate: market stronger. South - olina. stave barrels, Cobblers. U. 8. No. 1. 450-4.75: Florida. doubleshead barrels, Spaulding Rose. U. S. No. 1, 4.50-4.75, few. 5.00 ‘WATERMELONS—One Florida arrived: one unbroken car on track. Suoplies light; demand light; market steady. Florida, Tom Watsons. 32-34 pounds aversge, 1.00+ 25 24-26 pounds average. 60-75. E ETABLI X No carlot arri- vals: no cars on track. SNAP BEANS—No ‘carlot arriva cars ‘on track. Truck receipts. liberals supplies liberal: demand moderate; marke! slightly weaker. b hampers. green. round 2.00: few best. 2.25: poor LIMA BEANS—No carlot arrival broken car on track. Supplies me ge";m“l‘flh moderlumol:“rlet steady. ushel hampers. EGGP LANT—sunnlles [oderate; market, steady. el crates green. 5005 tancy. 3.06-380. UASH— o carlot arrivals: on track. Truck receipts liberal fairly liberal: demand moderat slightily weaker. South .Caroli Yellow crooknecks. liberal: i demand Florids: 40k extra fancy, 2.50- 3 demand stronger. ' Florida, arket bulhel bukm fancy. 4.00-4.50. —_— DIVIDEND IS ORDERED. NEW YORK, May 24 (A —L. C. Smith & Corona Typewriter, Inc, Syracuse, N. Y., declared a dividend of 50 cents on common stock, payable July 1 to stock of record June 7. In April company paid a quarter dividend of 25 cents and an extra of 121; cents. TAPPAN DIVIDEND VOTED. CLEVELAND, Ohio, May 24 (#).— Directors of the Tappan Stove Co., Mansfleld, Ohio, declared a dividend of 20 cents per share, payable June 15, 1837, to shareholders of record &t the close of business June 1, 1937. moderate; | MAY 24, 1937. MISCELLANEOUS TAXES SHOW LARGE INCREASE 'nu Trauury repo'ru substantial increases in collections of miscella- neous, or nuisance, taxes during the 1ast 10 months. Chairman Doughton, Democrat, of North Carolina of the House Ways and Means Committee introduced a bill recently to extend the levies for two years. The Treasury report showed ievies on automobiles and motor cycles put $4,631,809 in the Federal till during the last 10 months, compared with $3, 490 271 in the same period a year Income from other levies for the respective periods included: Playing cards, $279,909 and $239,- 494; matches, $814,017 and $643,102; sporting goods, $640,365 and $590,723; amusements, $1,589,682 and $1,266,- 425; cameras and lenses, $71,071 and $48,624; gasoline, $13,591,592 and $12,- 349,446, BRUNKER IS ELECTED. NEW YORK, May 24 (Special).—At a special meeting of the Board of Directors of the Pittsburgh Metal- lurgical Co., Inc.,, Albert R. Brunker of Chicago, Ill, former president of the Liquid Carbonic Co., was elected president of the company. Money for Construction Loans an Loans on Existing Properties FIRST DEED 0: TRUST ONLY GEORGEL. BORGER 643 Indiana Ave. N.W. Nat’l 0350 Mortgage Loans Business Property $25,000 or Over Residence Property Up to $20,000 Attractive Amortization Plans to Suit Individual Requirements Low Rate of Interest District, Nearby Md. and Va. Robert Peddicord 1713 K St., N.W. DI. 0010 Office_Hours—0-12 First Trust Loans For Purchasing a Home or RE-FINANCING EXPIRING TRUSTS NO COMMISSION CHARGE NO RENEWALS REQUIRED Terms Arranged on Easy Monthly Payments AIMBIR BUILOING ASSOCIATION COUNCIL. ermiarnieni B'.lll.lbn“{s‘l fiég‘cmou 949 NINTH STREET, NW. For. CONSTRUCTION LOANS and LOANS ON IMPROVED PROPERTY in the District of Columbia Nearby Maryland and Virginia Prompt Action B. F. SAUL CO. 925 15th Street Natl. 2100 MONEY!! for Mortgage Refinancing \UR mod:m. convenient plan assures you a low interest rate—a more con- veniant method of meeting payments on principal—a longer period in which to fin- ish paying off theloan.If your mortgage is due to mature soon, come in and talk it over =no red tape or obligation. WEAVER BRO, INC REALTORS Mortgags Loan Corraspendomt Lifs Inmrance Company. WASHINGTON BUILDING DISTRICT 9486 FINANCIAL. Lumber Output Hits 80 Per Cent Of 1929 Average By the Associated Press. The National Lumber Manufacturers’ Association reported today the lumber industry operated at 80 per cent of the 1929 production average during the week ended May 15. Shipments for that period were 75 per cent of the 1929 average. Reported new orders were the lowest since early in March and slightly below the cor- responding week in 1936. The association said 542 mills pro- duced 281,497,000 feet of hardwoods and softwoods combined during the week, shipped 256,862,000 feet and booked orders for 231,048,000 feet. Revised figures for the previous week were: 562 mills, production, 266,858, 000 feet; shipments, 247,545,000 feet, orders, 255,236,000 feet. Build Your Home with a FHA Loan If you have 20% cash or own your lot free and clear see us today— reasonable fees. HANNON & LUCHS Mortsage Loan Correspondents INVESTORS SYNDICATE 1505 H St. NN\W. Natl. 2345 FirstT M ORTGAGE District of Columbig— Nearby Maryland— and Virginia— Homes Apartments 7 Business 0 Properties Terms from 3 to 15 Years | Also Monthly Payment Loans | Randall H. Hagner & Co. Incorporated MORTGAGE LOAN CORRESPONDENT New York Ltfs Insurance Co. 1321 Conn, Ave. N.W. DE. 3600 FIRST TRUST LOANS Long-term REFINANCING . . . Lowest Rates ., . . 3-Year Con- struction Loan: 5% BOSS & PHELPS MORTGAGE CO. Loan Correspondens John Hancock Mutual Life Ins. Co. 1417 K 8t N.W. NA. 9300 Safe Investments First mortgage motes, 67 servativel new buildings in Washington and near- $500 up. Interest 6% per annum, Bradley, Beall & Howard, Inc. Southern Bldg. Phone Nat. 0271 well secur by Maryland. Denominations of Established Nearly 40 Years < by N N IF YOU CAN PROFITABLY USE MORE MONEY IN YOUR BUSINESS o » you will find us ready to confer with you and ren- der every assist. ance in our power. Washington Loan & Trust Company 17th & G © 13 » L] Member, Federal Reserve System and Federal Deposit Insurance Corporation. rvvvvvwwvvvv AN AN AN AN S, s % FUNDAMENTAL INVESTORS An Investment Company Prospectus available from MackusiN, LEGG & COMPANY Estadlished 1899 Woodward Building 15th and H Sts. N.W. Metropolitan 5020 gton, D. C. ON IMPROVED D. C. PROPERTY Immediate attention on your appli- cation for buying, rebuilding or refinancing. Loans repayable monthly. No charge for appraisal if loan is not made. Interest charged only on unpaid balance of principal. E QUITABLE CO—OPERATIVE B UILDING ASSOCIATION 915 F STREET N.W. Organized 1879 Consider These Facts When You Wish To Arrange A ESTATE LOAN [ LOANS on improved or to be improved real estate— as low as PERPETUAL h PERPETUAL Building Association is the largest in Washington, and one of theleadersintheentire United States. over 55,000 bor- rowing and savings members. - 37.50 per thousand per month including interest and curtail . . . No commis- sions . . . No renewal fees. Let us help you solve your problem with a Perpetual loan. PERPETUAL'S Board of Directors keep in close contact with the officers and materially assist in the speedy handling of loans. PERPETUAL'S regular examinations by the U. S. Treasury Dept. aze sup- plemented by special C.P.A. audits as well as its own Auditing staff. PERPETUAL has always had a rep- utation for sound, fair appraisals. Over 200 borrowers per month were advanced loans last year, totaling over $12 000 000 for the y. PERPETUAL BUILDING ASSOCIATION 11th & ESTREETS, N.W. ESTABLISHED 1881 Largest In Washington=—Assets Over $43,000,000 ARTHUR G. BISHOP Chairman of The Board MARVIN A. CUSTIS President Secretary EDWARD C. BALTZ