Evening Star Newspaper, May 27, 1937, Page 21

FINANCIAL. iS. Government Obliga- tions Mostly Lower—Other Groups Narrow. Bond Averages 20 10 10 10 Rails. Indust UUl. F'en. Net change. Unc. Unc. Unc. Unc. Today noon- 93.1103.0 98.3 71.8 Prev. day--- 311030 983 71.8 Month ago.. 92.6102.9 98.7 70.8 Year ago_.. 91.9103.0101.5 69.0 1937 high .. 99.0104.4102.8 74.7 1837 low... 9261024 978 705 1936 high .. 98.2104.4103.1 73.0 1936 low ... 86.9101.8 99.3 67.6 1932 458 400 64.6 422 1928 high ._101.1 98.9102.9100.5 10 Low-Yield Bonds. Noon ....110.4 Prev. day-110.5 Month ago 109.1 Year ago-111.9 1937 high. 113.7 1937 low.. 108.4 1936 high. 113.5 1936 low.. 110.2 1928 high. 104.4 1932 low.. 86.8 (Comptled by the Assoclated Press.) By the Associated Press. NEW YORK, May 27.—Prices were mixed to lower in the bond market today as light trading held most loans to minor swings. United States Governments were mostly lower, although losses wers held to % of a point or less late in the session. Several worked slightly higher. Rock Island 4s lost nearly 2 points, New Haven 6s were off about 1 and Remington Rand 4!js dropped a major fraction. Outstanding on the up side were . International Hydro Electric 6s which «added about 1!, points. Foreigns were mixed to a little higher. DIVIDENDS ANNOUNCED EW YORK. elared. prepared by wsties Corp.1 ne . j Pe- Stk. of Pay- Rate. riod. record. able. Bell Tel of Canada .82 Q" ¢ 5 Carpenter Steel £3Y Hook Drugs Upson-Walton Cc Vanad-Alloys Stl lnl , Roval Typewriter Initi: etna_Ball Bear Mfg atz Drg 4'2% pf $1.1212 Q Accumulated. Am Bank Note. Do pf » Am Factors | Am Mach & Metals 1 4Am Republics Corp Bohn Al & Brass Cp Detroit Steel Eo Mich As T&l 67 pt tandard Brands pson-Walton _ Wesson Oil & Sndft Worcester Salt < Q Q i Q S Q Q Q Q 5 Q Q Q Q Q 0°Q Q Q Q Eastern Gas & Fuel $4.50 pr_pt it * East G & F 6 pf__ 75¢ Krueger Brewing Parke Davis 9 | Royal Typewr of : | NEW YORK BANK STOCKS NEW YORK. Mav 27 (®.—New York Becurity Dealers’ Association. (Quotations as of 2 o'clock.) Bank of Manhattan (1'2) Bankers Tr (2) . First Nat (Bos) First Natl (100) Title FEDERAL LAND BANKS NEW YORK. May 27 (). —Federsl Land * Bank bonds: Bid, Asked. | 1045 10134 103%a 10134 10913 102% 10078 1007, 100% 1007 CHICAGO PRODUCE. May .27 (®.—Poultry, live, trucks: weak; h:n; over o ,pounds and fess. 17 1 under 2 bounds, i5; Plvmoiith reba horn rnoal;,rs “urkeys. [ s, 15 hens, o turkeys. 14. Durxs lhlte nd cnlnred‘ 4'2 pounds up, 5. sm ees creamersy, e standards (9 20%. Eggs, local. 2012:" ear: 1034 cars, age packed Forase Dacked frsts. 9: on track. 207: t shipment; 168: lunpllu nc’:leJ e owi, 3 uon na Russr! Chuabanks: 1 stock. U, 8. weak supplies ca: a1 6 o, 2, S Bllss Triumpns U s Be. Cslifornia White 352" Tair ‘condition. showing SHORT-TERM SECURITIES. (Reported by Chas. D. Barney & Co) Amer Tel & Tel 5las 1043 108" 39 a 43 19437 Western Union el 54 1058 MONTBEAI. SILVER. 27 (M.—Silver fu- 10 “higher. u.‘i t Jeads ursl oven!d steady. = S 'Ib July, 44.76b; May 27.—Dividends de- | the Standard Sta- | 6~15] | Denmark 4 | Rhine W EI1 P 65’52 By private wire direct to The Star. Approximate Transactions Today. U S Gov't Bonds. 550,000 & Foreign Bonds_.._,. 810,000 Domestic Bonds_. 4 980,000 § 2143 1949-53 235 1945-47 2343 1948-51 - 102 21 102,18 102.21 - 100.21 100.18 100.21 - 99.29 99.28 99.29 99.24 99.22 99.24 100.24 100.20 100.23 - 1045 1043 104.5 102.24 102.23 102.23 104.24 104.20 104.24 106.17 106.17 106.17 338 1943-47. __ 106.28 108.26 106.28 338 1943-47 reg_ 102.21 102.21 102.21 3351946-56 . _ 109.26 109.26 109.26 43(s-3%s'43-45_ 106.12 106.12 106.12 4% 8 1947-52 ___ 115.24 115.22 115.24 FEDERAL FARM MORTGAGE. 2381942-47____ 10112 101.10 101.12 381947 102.26 102.26 102.26 381949 - 102.10 102.6 102.10 HOME OWNERS' LOAN. 238 1942-44_ 99.25 99.23 99.24 23%81939-49, 100.7 100.4 100.7 381952 101.30 101.26 101.30 FOREIGN BONDS. High. Abitibl Pa&Pw 53 '63. 100 Adriatic Elec 78'52 Akershus 53°'63 Antioquia 7s '45 D_. Antwerp 5s'58_ _ Argentine 41871, Argentine 5% s'62_. Argentine 6557 A___ Argentine 6s'69 Oct . Argentine 63’60 May. Argentine 6s '60 Sept. | Argentine Argentine 6s ‘61 Febr Australia 4138 °56. Australia 5s'65 Australia 58 '57 Belgium 6: Belgium 7 Brazil 63 Low. Close. 993, Brazil Ts ‘52 Brazil 8s 41 Brisbane 5857 _. Budapest 6s'62 . | Beu A 4%-1%877 Pv Buenos A 41,8'76 Aug Buenos Aires 434 8-4%5 76 April Buenos A C 65 '60 Oct Buenos A C 614 '55__ Buenos A61s'61st pv Buenos A 68 '61 st Pv Candaa 31861 Canada 4s " Canada 58’52 Chile 6560 _ Chile 6561 Jan Chile 65 '61 Febr_. | Chile Mtg B 65 | Chile Mtg Bk 6!, Colombia 6s 61 Copenhagen 5s'52 | Cordoba 7s’37 stpd Cordoba 7s'42 prv._ Costa Rica 7851 A__. Cuba 514 "45 Cuba 518’53 Czechoslovakia 85 ey Denmark 5148 "5 Denmark 6s'42 Dominic 1st 536542 Dominic 512861 ext._ El Salvador §s 48 ct_ Estonia 7s '67 Finland 6s 45 Frameric In 71; Frankfort ;s French Gov 7158 41 Ger C Bk A 68'60 Oct. Ger C Bk A 78 '50 Ger Gen Elec 7s "45._ Ger Gov §%8 65 st_. Ger Rep 7s'49 stpd... Haiti 68’ Hungary 7 Italy 7s°51 Ital PUCra7s Japan 51;s°65 Japan G‘QS'54 Mex 4s°10-'45asst sm Milan 612852 Minas Gers 61;s°58 Minas Gers 613559 Montevideo 78'52 New So Wales 58 '57_ New So Wales 5s " Norway 4s ‘63 Norway 4%s 65 Norway 413856, Norway 6543 _ Norw Hy E1 5%8"57_ Oslo 4128°55 Panama 55 '63 stp as_ Panama 5158'53 104% 98 101 5% 1054 7 T T84 615 99 10715 2 104% 9974 671 | Paris Orl Ry 53,5 "68_ Peru 6360 Peru 63’61 Peru 7s’59 Poland 654 Poland 8s 50 Prussia 6s 5. Prussia 6128 '51 Queensland 6s°47. Queensland 7s '4 Rhine Rhur 6s 6 495 46'% 241 24% 109% 7s 109% 1 111 23 23% 24% 25% 26 6% 36% 25 Rio de Jan 61s ‘53 Rio Gr do Sul 68 '68 Rlo Gr do Sul 78 '6! Rome 61,852 Roumania 7s °59 Sao Paulo C 63 Sao Paulo St 7840, Sao Paulo St 8536 Sao Paulo St 88 *50 Serbs 7362 Serbs 8562 Siemens & H 6%8 51 Silesia Prov 7s 58__.. Tokio 5% 561 Trondhiem 5%s Ujigawa B P 75’45 Warsaw 78 ‘58 DOMESTIC BONDS. Adams Express 48 °47 100% 100% Adams Express 4s°48 101 100 Alleg Corp 58 "44 99 984 Alleg Corp 63 49 Alleg Corp 5850 Allled Stor: 8°51. Am & For Pw 5s 2030 Am Icecv 58’53, _ AmIGChb%s" 19.-. Am Intl 534849 ____ AmT& T 3%s '61. AmT& T 3%s5'66 AmT&T 4%s'39._.. AmT& T 5%s 43 Anaconda deb ¢1,8°50 105% Anglo-Chil Nit 78 '67 Armour(Del)1st 48’65 Armour (Del) 4s'57_. Armstrong Ck 4850 A T&S8 Fe 48°'05-'55 A T&S Fe gn 4s'95 rg A T&S Fe ad) ¢s '95 st 105% A T&S Fe gen 48°95_. AT&SFedizn 48 Atlanta & Birm 4s°'33 Atl Coast L 18t 48°'52 Atl Coast L clt 48’52 AtICLun 43%s'64 _ Atl Coast Line 5845 Atlantic & D 1st4s'48. At1G & W 15t 68’59 B &O 1st 4 B&O 43%s5'6 ST PO v— ref 58 °95 A 6396 F'__ - ref 582000 D_. ref6s'96C_ .. PLE&EW Vsl 1043% 104% 50% 50% 5% T5% 107 106% 5% 5% 118% 118 85% 85 9 103% 103% 104 103% 92 91% 111 111 118% 118% . 125 125 96 951 103% 103% Bos & Me S- 55 Bos & Me 5567 . Bklyn Ed con 3% 8 66 Bklyn Man T ¢%a8 Bklyn Un E153°50 . Bklyn Un Gas 58 '45 Bklyn Un Gas 0. Bklyn UnG 68’67 B Buff R&P con 418’57 BCR &N 5s'34ctfs. Canada 80 5562 A Can’dian NR 43%8s ‘56 113% 113% 95% 951 95% 105% 105% 105% 8613 854 86% 204 20% 20% 114% 114 114 113% 113% 113% NEW YORK BAR SILVER. NEW YORK, May 27 (#).—Bar 71ver staedy and unchanged at 45. ‘ Can'dian N 5s'69 July Can'dian NR! 9 Oct Can’dian NR 70 117% 117% 117% Can'dian Pdb ¢s perp. 93% 93% Or 115% 116% 115% % | Cuba Northn 5%s'42. 117% 117% 117% | N THE EVENING STAR, WASHINGTON, D. C., BONDS ON N. Y. STOCK EXCHANGE . Low. Close, 103 103 107% 107% 85 Can'dian Pac l%l '60 103 Can'dian 8 '54__. 108 Carth & Ad 4s°81 gt 85 85 Centof Garf5%s’6s. 19 19 19 Cent IIl E & G 58 °51. 100‘4 100% 100% Centof N J 45°87._. 57% BT b57% Centof NJ gen 68°87 64% 64 64 Cent Pac 1st rf ¢s°49. 1 107% 108 Cent Puc 58'60. 9% Cert'd deb 5348 '48. Chesap C cv 5544 Ches & O 3148°'96 C&Oconbs'39_ Chi & Altref 3s°49 Chi B&Q 4% '77 Chi B&Q ref 58'71___. Chi B&QI div 48 '49_. Chi B&Q gen 45 '58 Chi & E Il 5851 Chi & E 18t 558/ Chi Grt West 4s°'59_ Chi 1&L gen 65’66 __ CM&StP gn 3;8'89 B CM&StP gn 4%8'89 C CM&StP63'76 . CM&StP&P adj5s2000 Chi & NW gen 3345’87 Chi & NW 41582037 . [} 107% 107% 55% b65% 112 112 116% 1168, % 110% 110% i 111 38 117% 44y 17% 52% 604 28% Chi R I&Prf Chi R I&P rf 4 Chi R I&P gen : Chi RI&P gn 48'88rg Chi RI&P 438 52 ctf. ChiR I&P 4348°60 _ Chi T H&S 15t 68'60_. Chi Un Sta 3%8°51._. Chi Un Sta 3%s°'63 E Chi Un Sta 48'63_____ Chi & W In con 4 Chi & W Ind ma'ez CInG&E3%s 66 _. CinUnT 3%sDgtd_. Cin Un Term 55 '67._. CCC&St L gen 4893 CCC&St L rf 4%877E CCC&StLrf 5363 D_. ClevEI Il 3%5'65 _ Clev Short L 435 '61_ Clev Un Ter 4%5'17_ Clev Un Ter 5873 B ColoF & 158'43 Colo F & I 58 ‘70 Colo & So 41580 Columbia G & E deb 55'52 April_ Columbia G & E bs '52May. . __ Columbia G&E bs°61- Comel Credit 3%s ‘51 Com Inv Tr 338’51 Conn R Pw 33,8°61 A Cons Coal Del 5860 . ConsEdN Y 3% Cons Ed N Y 3% Cons Gas NY 414851 Consol Oi1 318751 _ Consum Pwr 314866 Consum P un 31865 Consum Pwr 314870 Container deb 5543 Container 6546 Crane Co 3158 '51_ 110% 101% 1064 101% 101% 1018, 100% 99 102 10114 100 9874 102 % 10674 69 104% 3 1033 107% 100% 100% 103% 1025 101 103% 9814 48% 10415 908 271 22 100% 103% 10315 1015 103% 98%, 4 10414 91y Dayton P&L 3128 '60_ Del & Hud ref ¢s 43 __ Den & R Gcon 4s'36. 2715 Den& R G ref 55'78 22 Des M&Ft D 4s'35 cfs 7 7 Det Edison 3 6. 103% 103% Det Edison 45 '65 F 109 109 Det Edison 4148 °'61 D 114 1135 Det Edison 5s°52 1074 107 Dugquesne Lt 3135 '65. 105 104% ETV&Gacn5s’'56 . 1123 1121 Elec Auto Lite 45°52_ 109% 109 Erie cv 4553 A _ Eriecv 48’53 B. Erie gen 45°'96 Erferef 58'67._. Erieref 55°75 Erie Gen Riv 6s'57__. Fed Lt&Tr 6s'42____. Fla ECRy 58'74 Gen Am Inv 555! Gen Cable 54547 Gen Mot Acc 35’45 Gen Mot Acc 3% Ga & Ala 5845 Goodrich 4% s " Goodrich 6s°45__ Goodyear T&R 68 '5' Grand Rapl413s'41_ Grt Nr Ry 3%s Grt NR gen 41,8'75 D 104! Gulif M& Nbs 50 __. 974 Great N Ry 45°46 G_. 135 Grt NRy 48'46 H 110 Grt NRgn 41877 E 103% Green Bay 58’62 B _ 124 Gulf States Util 45’66 101% Gulf Sta Utll 4%s'46 103% Har Ry PC 1 std4s'54. 923 Hoe (R) 1st mtg 44 895 Hous B&T 1st 58'37_. 100% Hudson Coal 5s8°52 __ Hud & Man inc 58’57 Hud & Man ref bs 57 111 Bell Tel 33.3°70... Ill Cent 315852 111 Cent col tr 4s°53_ 111 Cent 4% 5 ‘66 111 Cent ref 55 '55 ICC&St LN O 4%s’ 63 ICC&St LN O 58°63._ 111 Steel deb 438 40 Ind & Louisv 45 '56 _ Ind 111 & Iowa 48 '5 Inland St13%s°61 __ IntRT lll’;f 58’66 llz‘a 103 12% 1013 105 10215 T 11715 103 12% 10114 105 102 4 1001 3414 100t 105 1047 109 934 Interlake xron 4847 Int Agr-cl 58’42 stp._. Int Grt Nr 68’56 B. Int Grt Nr 58 '56 C Int Grt Nr6s'62 A Int Grt Nradj 68’52 A Int Hydro Elec 6s°44. Int Mer Marine 68 °41. Int Pap 1st 58°47 A. Int Pap ref 6s 55 Int T&T cv 438 Int T&T 4%48°52 Int T&T 58 °55. Iowa C1st&rf 4851 James F & C 43'39 Kans C 8o 1st 35 '60__ Kans City So ref 65'50 Kans C Ter 1st 45°60. Kans G&E 41;s°'80 Kresge Found 3% #'47 Laclede G 51;8'53 C Laclede Gas 6s°42 A_ Lake S&M So 3148’97 Lautaro Nit 19768 __. Leh C&N 4155 64 A Leh Val Coal 6s°38. Leh Val Coal 58'54 Leh Val Coal 58°64 Leh Val Har 58°54___ Leh VNY 4%s5'40 gtd Leh V P con 45 2003__ Ligg & Myers 78 "44._. Loew's 31,846 Long Isl ref 4s Long Islrf 4s'49 La & Ark bs 69 L & Nash 3% s 2003._. L&N4%s2003C. L & N So Mon jt 48’62 McKess&Rob 5148°60. MeC RRclt 45’45 A_. Me C RR gn 412860 A Manati Sug 7% s 42 __ 103% 103% 103% 103% 9% 80 65 55 56 65 36 38 31 32% 106% 106% 104% 105 hat Ry 4s'90 ctes Met Ed 1st rf 4%s ‘68 Mich Cent 4% 9 Mid RRN J 58°40_. Mil El R&L 658 '61.. 1 Mil El R&S L rf 65'71 MilSpa & N W 4547 Minn & St L rf 4849 Minn & 8t L 6s84ctfs MStP&SSM cn 4s°38 MStP&SSM bs MStP&SSM rf Mo Pac 5s "I'I F Mo Pac 58°77 F ctfs.. Mo Pac 58’30 H. 49 Mohawk & M 48°9 Monong Pub S és Mont Cent 5s '37 Morris & Es "!fil 2000 Morris&Essex 4% #'55 MorrisgEssex 68 '55. 97 96% 96% Natl Dairy 3% s’51ww 108% 103% 108% Natl Dis P C 4%s'45. 10415 104% 1041 R Md4s'77 anst._. Natl Steel 45 €5 New E T&T 1st 5’52 New Jer PEL 4%5 80 NewOrl PS6s'53 A. NewOrl P85s'55 B New Or Ter 1st 48'53 Orl T&M 53’51 B Orl T&M 5358’54 NOT&M E%s'5¢ Befs 48% 4! N Y Central 334s ‘62_. 109% 10! 80! % 874 BTY 121% 121% 121% 106% 106% 106% 96 95% 95% 96 9 109 | StL S W 1st ter 55 '52 | St P M&M ext 6s'43 High. Low. Close. 98y NYCentrf ¢34 201!. NYCrf4%s2013n_ NY Cent rf 532013 88!@ 88 97 NYChi& St L 48" lfi NYC&St L 4238°78 NYC&St L 5%48°74 NYChi & St L 6s'38_ NY Dock 5e°38 NY Edison3%s NY Elisref 33,3'66. 100'% NY L&W 4%s°73 ___ 104 NYLEWn fi’/;! 42102 * NYNH&H3% 36 NYNH&H 48'57____ 25% NY NH & H 4%5'67 434 NYNH&Hcltr 6s'40 60% NYNH&Hcv 68’48 46 NY NH & HCR 4s'66. 34% NYO&W gen 48'55._. 16 NY O&W ref 92 NY Prov&Bos 4842 _ NY Steam 1st 68°47__ 107% NY Tel gen 4348°39__ 107% NY W&B 414546 - 16% Niag Falls P 3% s°66. 102y Niag Sh 534850 Norf & W 1st 45'96 North Am Co 68°61._ North Am Ed 68'57 A 104% North Am Ed 53 °69 C 1023 North Am Ed 5%s°'63 104 Nor'n Pac gen 38 2047 7. Nor'n Pac 48°97 ___. 105% Nor'n Pac 4145 2047 _ 97 Nort'n Pac bs 2047 C. 103% Nor'n ?flc €8 2047 ... 1118 Ogden L. C 48°48 Ohio Edison 48 ‘65 Ohio Pub Sve T%s Ont Pwr Niag 5843 __ Oreg Sh L 5846 gtd .. Oreg W RR 4s'61 Otis Steel 4143 6. PacGas& E13% PacG&E3%s'61. PacG & E 4864 - 1057 Pac T&T rf 338’66 B 101 Pac T&T .’l‘&s ‘66 C 10014 Para Broadway 3s'55 6815 Param't Pic 31,8747 . 911y Paramount Pic 6865 1001 Park-Lx 61, 8°53 ctfs. 474 Penn Co 45 '63 - 102% Penn Dixie C 6s'41 100t PennP & L 4%;8'81__ 101 Penn RR3Yswi - 1095 Penn RR33,8°70 C__. 987, Penn RR con 4s'43___ 108 Penn RR con 4s'48 113 Penn RR 4%48°81 D__ 1067 Penn RR 41,884 . 1063 Penn RR gn 413865 11014 Penn RR deb 414870 102y People G LL&C 6s* 43 118% Peoria & E 1st 4 0. 92 Pere Marq 1st 4556 . 94 Pere Marq 4%s°80 __ 941 Pere Marq 1st 58'56_. 101's Phila B&W 41:8°81__ 111 Phila Co 5867 Phila & R C&1 5s°7 Phila & R C&I 634 Philippt PCC&St T, PCC&StL 4 Pitts Y&Ash 5 Port Gen El 415560 . Porto Rico A T 65 ‘43 Postal Tel & C 5563 2515 Potomac El PK’;"« 66 10 Pure Ol 43,50 ww_ 11514 Pure Oil 43,850 xw__ 10315 Reading Jer C4s'51.. 951; Reading R 4148°97 A. 1067 Reading R 4125’97 B lflfl " Rem-Rand 41; &' Gv«w 107 Republic Stl 414 7 Republic St1 4’zl Republic St]1 514 115 Richfield O 6844 ctfs 44' RIA&L 1st41;8'34 20 Rutland RR 4%s'41_ 25 Saguenay Pw 418’66 101 St LIM&S R&G 48'33. 79 St L-S Fran 43’50 A . 2613 StL-SF 48'50 A ctfs. 25 StL-SFran41s°'78 _ 2513 StL-SF4%s78 cfst. 23 St LSF58°50 Betfs. 25 StLS W Ist 4s'89 87 5313 1013, 5 1083, 303 151 14 175 165 98% 11‘) 103% 87 99 1 100 60 1024 10014 1005, 10914 98 108 113 106% 1065 110% 10214 11834 92 9374 941 1011, 111 San Diego CG&E Seabd A L 4s'50_ Seabd A L ref 4s'59 Seabd A L rf 48'59 cts Seabd A L 6s'45 A _ Seabd A L 6s '45 ctfs_ Shell Un deb 318 '51. Silesian Am 7s*41_ Skelly Ofl 48°'51 South Bell T&T 5s'41 105” SoPac3%s'46 So Pac ref 4s So Pac 414568 So Pac Oreg 4817 So Ry gen 48°56 A_. So Ry 55'94 So Ry gen 6556 So Ry 61856 SoRy M&O 4s°38 SoRy St Ldiv4s’51. 98 S W Bell Tel 3158 '64- 105% Southw'n G&E 4s '60_ 101% Spokane Int 5s '55_. Staley A E 4s 46 Stand OfI N J 3s 98 Studebaker cv 63 °45_. 11915 Swift & Co3%s°'50__. 1051 Tenn C&I RR 58°51_. 120% Tenn C&C 6s'44 B___. 103% Tenn El Pw 6347 A_. 93 Texas Corp 333851 _ 103% Texas & Pac 65'77 B_ 103 Texas & Pac 53'80 D_ 103% Tex & Pac 1st 58 2000. 12114 Third Avref 4s'60___ 5315 Third A ad in ex 5866 26% Tide Wat Ofl 31852 100% UnEIL&P5s'37___ 105 UnEIL&P53%s'54_ 102% Un Oil of Cal 3348’52 110% Union Pac3%8°70___ 964 Union Pac 3%8°71.__ 9615 Union Pac Ist 4847 _. 113 Un Pac 1st rf 4s 2008. 1064 United Drug 6853 U S Rubber 58 47 _ 10134 29% 1191 10515 120% 1033, 93 105% 120% 4 103% 10315 Util P& L 58’ 69 ww_. Ut P& L5%8"47. _ 50% Ver Sug Ist 7s'42 ctfs 2214 VaE&Plstrf 48’55 108% Va Ry 15t 3%8'66 A_. 1043 Wabash 4155°78 Wabash 1st 58 ‘39 Wabash 518 75 Walker H&S 4% s Walworth 4s '55 Warner Broscv 65°39 95% 95 Warren Brevés ‘4l _ 611 61% 61% Wash Term 3358°45__ 108 1077 108 Wash Term 4s’45____ 110% 110% 110% Wash W P 1st 58'39_ 107%.107% 107% WPaPwistSs'63E. 119 119 119 W Sh1st4s2061gtd. 92 91% 92 West'n Md 18t 48°62_. 104 103% 103% Westn Pac 58’46 A___ 334 33y 33y West'n Un 4%s'50___ 101 101 101 Westn Un 5s 51 101% 101% 10114 West'n Un bs ‘6 Wheel Steel 4% Willmar & S F 55 '38_ 103% 103% 103% Wilson & Co 45°55 __ 100 100% 100%5 WIsCS&DT4s’36_. 18 18 18 Y'ngstn S&T 3%8°61. 132 132 132 Y'ngstn S&T 45°61._. 101% 101 101 NEW YORK PRODUCE. le YORK. May 27 (®.—Butter, 13,- 740: lll!l’ Crelmorm hll ler than extra. 8 (92 score). 31: firsts (88- B-30 l nds (84-87 cemnnud (80 score), 30. 74330: firm and unchaney W 2: nrmer mxefl colors: sl Dacks, 22324l rds. 22%- rage-p mediu; sl Ao e 17565 othes mixed cole ors unchanged, Live pouiry. by frelght. weak. Fowls colored. 19; Legh 6 Siher fromht PSS Sibrese 'mm And, weak. Brol Leghorn, 13-i8; Rocks, 21 v 8 crosses, 19-22. Fowl, c olored, 19: Leg- - °6°17; other ~eXpress " prices ‘en- chansed. Bretsed poultry steady to firm Fowl, {resh, and frozen. 45-84 pounds. 17590 80-65 pon 1712-2212; other fresh and froten brices uncnaneed 99% 9914 . 23-27; eese, BOSTON WOOL MARKET. BOSTON. May 27 () (United partment of Aericuiture). Ourip mestic wools continued smali mills_showed no_ interest 'An occasional buver took limjted a\nnlltl!l of Middle Western medium es. bln were aval able at 95 to 97 cents. scou: 18, an Mclslnnfl lot monfl at nflu- a the low side age Pnneh l guflh:‘h:‘dor g‘l‘x:d fl‘n'e 3 lo Wools eents. scoured basis. 1044 | F 98 THURSDAY, MARKETS PREPARE FOR LONG REGESS Stock and Curb Exchanges to Be Closed Saturday and Monday. By the Associated Press. NEW YORK, May 27.—Most of the principal security and commodity markets in the United States will remain closed Monday in observance of the Memorial day holiday, the im- portant exceptions being the New Or- leans Cotton Exchange and the Sa- vannah naval stores markets. Many will make a double holiday of it. The New York Stock Exchange governors voted yesterday to close Saturday, May 29, as well, and simi- lar decision were made by the New York Curb Exchange and some of the commodity markets. Foreign markets will remain open on Monday as usual. CHICAGO, May 27 (#)—The Chi- cago Stock Exchange and the securi- ties market of the Board of Trade will be closed Saturday and Monday for a three-day Memorial day recess. Trading in grains on the Board of Trade will be conducted Saturday, but the market will be closed Mon- day. Washington Produce 1-pound prints. 35; “tub, 34" D8 acore o1 "Ya-pound prints. 35; Y MEATS—Chotce beef, 18 16: veal, 16: Spring lamb, pork loih, “28: Fa frozen ‘pork. 23: fresh smoked " ha; sliced meon slab bacon, 2 083 % : compound. 13% LIVE $TOCK —Pigs, Sagal0; veht hogs i, ‘mediums 5 Reavics, stags. 6: calves, 8.50a4.5 Prices paid shippers net {o0.b. Washing- ton. By (he United States Bureau of Atri- cul&u}lal Economics: “Shaio ernment graded extras. F 8. extras. mfle,dlums "0 Cenis: U, 8 srandards. large. 2015 ce LIVE POULTRY—Market unsettled and prices unchanged. Fowl: Colored. heavy. 16 to 17 “cents: a few at I8 cents: 8 . 13 to 14 ken. 315 cen 5. ts: Leghorns. less than 2 pounds. Old hens. 17 cents: old toms. 14 cents. Fruits and Vegetables. Sales In large lots by original receivers Up to N a.m. toda; APPLES - One Washington arrived: one unbroken car on track: supplies moderate: demand fair; market stea Pennwlum- Virain Bushel ba: U. 2 -1 lnch mi; 34-inch ‘minimum, 1101"_ Newtownn fnch minimugm. mch minimuj : 25-inch ‘min inch’ minimum, 8. 160; 2.65: Anmm: Blacks, 5: 1608, 2. 25, 'OTATO) e Manme. four South Carolina arrived- five broken and. six unbroken cars on track. Old stock: Sup- plies ‘moderate: demand fair: market steady. Maine, 190-pound, sacks Qreen Mountains, U. 8. No. 1, 236 commercial. U2 00: e Kk fairly liberal: demand fai weaker. South Carolina._ stave barr cobblers, U. 8. No. 1, 3.75-4.00. poorer low as 3.50. ASPARAGUS—No carlot _arrivals: no cars on track. Truck receipts moderate: SUBDIIEs fairly Hberal: demand fair; mar- ket steady. Pyramid crates. dozen Bunches: New Jersey. extra colossal, 1.75- colossal, " 175:2.00+ extra tancy. 1.50°1.75. Delaware. medium to " large size. 1.50-1 GABBAGENo carlot arrivale: no cars on track. Truck receipts moderate; Sup- Dlles, fairly Uberal: demand Tair marke: eady. North Carolin: 1‘7 bushel ham- Pers gofnted tyve. 8575, Booter - 50. CARROTS—No cariot arrivais: ong cas diverted: no cers on !Xltk demand ‘moderate: stronger, Calitornia, ™ les 4.25-4.50: Texas, i CAULLFLOWER—One rived; plies steady. Cl pplics market sllgntls els Sunnhu uzm ket slight wwern letbuce bushel baskets, California one broken car on track. moderate. demand faf Callfornta, cretes. 1 Y —] arri broken cars on track Sunnlm moden!e demand ' fair: market steady. Florid 10-inch_crates. mdivldu-uy washed, 2%3- 10 dozen. 3.50-4.0¢ ar- 8up- arket 00. Twol California eleven broken and three unbroken track . Supplies moderate: deman, ket steady. California, Western crates, 5iyPe: 5 dozen. 3.25a3.75. mostly arrived: cars on d_ Onion Prices Steady. NIONS—One New Y8rk. one Texas ar- TV 20 One BTt three unbroken cars on track. Bupplies moderate: demand fair; parket steady Texas. 50-pound " sacks. Yellow e . Commercial, 1.60a 175, mostly o EAS—No ‘carlot arrivals: two broken cm on track. Truck receits light: sup- moderate; demand fair: market Blehursranter oo Southern stock: de- mand - fair: market steady on Wemm stock. North Ourolina, bus] 1.0081.15; poorer lower. cmroml- -~ Busnel hampers /Selephones, 2.00a2 STRAWBERI No carlot arrivals: no cars on frack. Truck restioie moderate: SUPDlies fairly Lberal: demand oo st Yot about steady. 32-quart erates, various Marsiand, 2.5083.50, most 3.00: -503.25, poorer low as 2.00 P ST TOES—Two Texas Arrived; two broken and ‘two unbrokei s on track. Suvplies fairly Jiberal: demand Tair, marke steady. Florida. lug boxes, green, ripes and i“g{,‘"‘ Frapped.’ 016 _ang llrlgr. best, 005 P TERMnONkNo carlot arrivals; cars on track. Bupplies light: demand fair: market steady. = Florida. Tom Watsons, 5534 pounds average } .00 1.2 M) VEGETA! No “carlot ar- S: no cars on track. BNAP BEANS—No carlot arrivi cars on track. Truck receipts mi supplies fairly liberal: demand slo et dull "~ North and South® Carojia, bushel hampers, green. round and flat types, 1.0g:1.25: poorer. B0 EANS—No clrlo! arrivals: no ek Supplies light: demand flu mnrk!l steady. Florida. bushel ham- pers, 3PQA00; few tusfi i ; leman s. 1Y2-bushel —Gunflllu lght: mnrket steady. " Florid; crates few higher. ts' moderate; en. llm:! 2. fl~.. rec sumliad oo moderate: demant light: market slightly weaker. South Carol! bushel hlmner! yellow Crooknecks and Ihl'-e, wn%p 75-1 Doorer. b No cariot arrivals: no e Dlies moderate: demand stes ldy odorida, bushel &9 Truck fr? light: m-rkez about baskets. 3.00: B 00- ACORN—No ‘carigt arrivais: one broken on track. Supplies light: demand lllht ‘market about arinArketiabe 2!. Plorida. stand- ates. en 2. PEPP] demand oderate; Plo'p-fl. ERS—8up fair: market llll'hllv ltmnl!r bushel hampers. green, 2. RANG! —No carlot lrrl" broken cars on track. Flo; Id . California boxes No. I, 6.00-7.00: No. 3o, EWS—Chile, crates, standards, crates. 2.75-3.00. y lntlfl'fil bushel cra hot house stock, 1.75. th Ourolins. 32~ quart crates. 4.50-5.5 CA! varn-—c-momh Jumbos. 36s and 4Bs. 0-8.00; q, 408 standards and nys. 45s. PO ANANA AB—No carlot arrivals; one broken car on track. baskets. 40, skets. "BEETS Virginia. DEBENTURES OFFERED. NEW YORK, May 27 (#).—Adams Express Co. announced it had pro- vided a supplemental indenture for its 10-year 4%, per cent debentures un- der which they are to be secured by collateral and made non callable prior to maturity August 1, 1946. It will offer to issue these debentures in ex- change for two issues of collateral trust 4 per cent bonds due in 1947 and 1948, MAY 27, 1937. Brokerage Firm Suspended From Curb Membership By the Associated Press. NEW YORK, May 27.—The New York Curb Exchange announced today the firm of Frank C. Masterson & Co. had been suspended from membreship following announcement they were unable to meet their obligations. Members of the Curb Exchange who were also members of the firm are Frank C. Masterson, who has had a seat on the exchange since 1928, and Leonard M. Totten, a member since 1923. Other- partners in the firm, not members of the curb, are Benjamin H. Van Keegan, James C. Eagan and James H. O'Neil. Frank C. Masterson & Co. issued the following statement: “The firm announced that their purpose in requesting suspension was to protect creditors in the event of complications resulting from the re- ceivership of their Chicago corrospond= ents, Minnich Bradley & Associates, Inc, and that they expect to apply for reinstatement after the status of the firm's Chicago correspondent has been more definitely established. The general public is not involved.” INVESTING COMPANIES NEW YORK. May 27 (#).—New York Becurity Dealers' Association. (Noon quotations.) Admin Fd 2nd Inc Am Business Shrs Am Gen Eq Inc _ Am Ins Stocks Bancamer Blair kers Nat Iny Corp xd Basic Industry ad St In Bullock” rund Corporate Trust Sorporate Trust A'A~ Corp Tr A A mod Corp Tr Accum Ser Corp Tr Acc mod . _ Cumuiative Tr 8h Depos Bk Bh N Y “'A™ _ Depos Ins Shrs Depos Ins Shrs "B’ Diversified Tr C ___ Dividend Shrs Eaquity Corp $3 of _ Fidelity Fund. Ine First Boston Corp Fixed Trust Bh A . Fixed Trust Sh B Found Tr Sh A Pund nvestors nc Fund Tr Shrs A Find 75 shro B Gen Investors Tr Group Sec Agriculturd Group Sec Automobile _. Group Sec Building Group Bec Chemical Group Sec Foo Eroup Bec Tmvest Bhre Group Sec Merchandise Group Sec Mining Group Sec Petroleum Group 8ec R R Equip Group Sec Steel Group Sec Tobacco Huron Holding Incorp Investors . |records in the first four months of B 'stocks 777 1 N ¥ Stocks. Bldg Supply_ - N ¥ Stocks, Elec Equip N ¥ Stocks' Insurance Quarterly Income Sh Selected Am Sh Inc Spencer Trask Fund 8tand Am Tr Shrs _ Stand Util Inc Trustee Stand Inv (o Trustee Stand IY\V pe Wellington Fund _ ? a0 1.64 21.03 o CHICAGO LIVE STOCK. CHICAGO. May 27 (#.—(United States Department of Agriculture)—Hogs. 11.000. including 4.500 direct: opened steady with Wednesday's average: very slow: bidding fully 10 lower: most g0od and enoice SH0% 300 pounds, 1140a11.70: top. 1 comparable 1530-180 pounds. 10.30a bulk good packing sows. 10.00a10.5 lightwelghte 10.60 and better. ttle. 5.000: calves. 1.500° no reliable outler Tor atHetly s00d and choice medium Wweight and weighty steers: these 25 cents Under the week's high {ime. in- stances off ‘more: common and medium grades and_all grades vearlinss fed neiters 50 BEC ste. down to R.50: more active trade this week on stocker and feeder cattle with matives 8t 7.00aR25 and well bred Southwest calves and light vearlings at handpicked offerings bringing 0.2 5a Bheen: 10,000 Including © 6 800 direct: fat lsmbs very scarce; early sales and bids 30 lower: two loubles holdoyer wooled fambs_of medium 25 0.75: nothing best held ‘above - Spring < ‘ver unsold: few sheep about in I th late Wednesday: 25-50 under _early sales: (cattered shorn ewes. 3.00-4.75; bulk, 4.50 dow: PARIS BANK CHANGES. PARIS. May 27 (».—The Bank of Prance statement for the 21 (in millions of francs) Gold reserve Sight balances abroad Bills purchased abroad Discounted commercial bills—France Temporary advances to state (prior to June 18, advances to (since June 18, §00a0.00: Temporary state 1936) Advances Circulation Total creditto current ac- 17,708 ® Sdvances against sovernment securities ._ 514 nst securities f larger. fully | FINANCIAL, PHILIP MORRIS EARNINGS JUMP Year’s Net Hits $3,573,Gl7, ‘ Against $2,408,105 in Preceding Period. By the Assoctated Press. NEW YORK, May 27.—Philip Mor- ris & Co., makers of cigarettes lnd‘ smoking m\xtures, reported consoli- | dated net profit for the fiscal year ended March 31 of $3,573,617, equal to $6.88 a share on 519,151 capital shares outstanding. This compares with $2,408,105, or $5.80 a share, on 415,465 shares outstanding in the preceding fiscal year, AIR-CONDITIONING SETS NEW RECORD| Sales for Four Months Jump 180 Per Cent Above Total for 1936 Period. Installed cost of equipment sold by the members of the Air Conditioning Manufacturers’ Association broke all 1937, aggregating $41,311,301, increase of 180 per cent over the sales of $14,- 756,992 in the same months a year ago and a total not reached in 1936 until | October, according to announcement here today by William B. Henderson, executive vice president. April sales were second highest of any month in history, being $9,663,- 009, an increase of 156.8 per cent over the April, 1936, total, which was| $3,751,015. “The association’s sales in 1936, big- gest year of the mdustry's history, were $49.942,301, and the sales re- ported this year already are 82.7 per | cent of that total,” Mr. Henderson said. “The seasonal Spring peak was reached in March, with sales of $17,- 137,869.” STORE SALE.S ADVANCE IN SEVENTH DISTRICT B3 the Assoctated Press, CHICAGO, May 27.—Department | store sales in the seventh Federal Re- | serve district in April were 10 per cent | BROKERS WORRIED BY SLOW TRADING Some Firms 'Are Reported Reducing Expenses ‘to Face Long Lull. By the Associated Press. NEW YORK, May 27.—Reports in Wall Street say there has been a moves ment among some commission houses to trim expenses in preparation for an indefinite siege of quiet. The decline in Stock Exchange memberships to $91,000 this week was accepted by ob- servers as a hint brokers are none too hopeful of early revival in trading. Business has shrunk in nearly all departments — commodity, stock and bond trading and distribution of new issues. On previous lulls the last two years underwriting houses managed to keep fairly busy with refunding op= erations and scattered offerings to raise new capital. Big flotations of Treasury issues helped keep the bond market lively. But in wake of the Spring decline in security markets and shake-out of world speculation in commodities, Wall Street has been more completely be- calmed than probably at any time since sustained industrial recovery got a firm toe-hold in the Spring of 1935, financial observers say. In fact, it is too widespread to last very long, some | brokers contend. The busy production rush in steel, textiles, farm implements and other industries still makes a contrast with the drift of security markets. Until the Spring break came along, markets and business were swinging along the recovery path hand in hand, although many analysts said speculative markets were trying to force the pace. Fresh buying in non-ferrous nletals this week and sustained activity in steel have been accepted in business quarters as reminders industry is in no mood to relapse hurriedly into the lazy pace of security markets, But market experts are reluctant to take cues from the current per= formance of business. They are look= ing ahead to the outcome of the ad- ministration’s rejuvenated drive for new financial and industrial controls in Washington. Fuller impact of sea- sonal forces toward business recession and for a better view of 1937 crop prospects. larger than a year ago, the Chicago Federal Reserve Bank reported, de- | spite the fact that the effect of Easter | buying in 1936 extended into April, | | whereas this year it fell entirely in March. With one less trading day than in March, sales were 3 per cent smaller than the previous month, but daily | average sales were almost 1 per cent Net sales the first four months FOREIGN EXCHANGES. NEW YORK. May | change mixed G 7 .—Foreign ex- n others in cents were 17 per cent larger than the cor- | Hor responding 1936 period. Retail furniture trade expanded 19| per cent, compared with March and 29 per cent compared with a year ago. . LISTING IS APPROVED. NEW YORK, May 27 (Special).— J. D. Creveling, president of the Pan- handle Eastern Pipe Line Co., an- nounced that the Governing Com- | mittee of the New York Stock Ex- | change approved yesterday the ap- | plication filed by the company for the listing of $24,000.000 principal amount of first mortgage and first lien bonds, | series A, 4 per cent, due March 1, 1952. 150 TONS OF LEAD SOLD- NEW YORK, May 27 (#).—The 8t. | Joseph Lead Co. reports that 150 tons | of pig lead from Southeast Missouri mines were sold yesterday at $5.85 per 100 pounds, St. Loui [ REAL ESTATE LoANS RESIDENCE and 0D SMALL BUSINESS PROPERTIES. FRED T. NESBIT 1010 VERMONT AVE. DISTRICT 9392 Safe Investments mortgage notes, 6% servatively epwmud. nt\v buildings in Washington and near- $500 up. Interest 6% per annum. Bradley, Beall & Howard, Inc. Southern Bldg. Phone Nat. 0271 o secured on con- by Maryland. Denominations of Established Nearly 40 Years Rate of discount, 4 per cent. LONDON BANK REPORT. LONDON. May 27 (#.—The Bank of. Encland statement for ihe week ended May 26 (in thousands of pounds): Gireulation on ___ Beaion, Pubiic deposits Private deposits Government securities _ Other securities__ Probortion of the bank's reserve to liability 15,50.,50 per cent compared with 26.40 5t Rate of discount, 2 per cent. —_— U. S. TREASURY POSITION. By the Assoctated Press. Tha Dollllon of the Treasury May 25: 318.040,810.03: " expenditures, balance, $1.712.019.- > uitoms Tosoints for the month, 85525 201.45. Rcczlpu {or"the fscal year (since July JES004.178 51: expends . “an increase of I5R over ihe previous day. gold $11.966.531.604. ing 11.568.72 of inactive lold MONEY MARKET. YORK. May 27 (P.—Call money 1 ver cent all da: Pri pai per. : 60-80 day: Ya: months. 135 Eea““ ‘Bankers: acceptances inchanced. L ucount r-u‘ New York Reserve Bank, steady; 1al OFFICE FURNITURE WE SELL, BUY OR EXCHANGE Desks Steel Files Tables Steel Cabinels Chairs Safes IAUM’S FUI;NITURE HOUSE. Phome NA 2184 Money for Collmmmn Loans Loans on Emhu Properties FIRST DEED 0: 'l'l!!l'l‘ ONLY GEORGE L. BORGER €43 Indiana Ave. N.W. Nat'l 0380 ProperTy MANAGEMENT EFFICIENT management is most satisfoctory to both owner and tenant. WE specialize in the man- agement of a!l types of in- vestment properties and are now Manoging Agents for some of Washington's most important buildings WE would welcome the op- portunity of discussing your management problems with you. Randall H. Hagner & Co., Incorporated Real Estate Blst Year of Progress Rubber Stamps STOCKET'I‘n SKE ’IODUCINO STATIONERS PIDE ST -N-wW FIRST TRUST LOANS | Long-term REFINANCING . . . Lowest Rates . . 3-Year Con- struction Loans 0] 3% BOSS & PHELPS MORTGAGE CO. Loan Correspondent John Hancock Mutual Life ins. Co. 19137 K St. N.W NA. Own Your Home Outright in 20 Years $9.50 per $1,000.00* per month pays all carrying charges and taxes. *Approxima'e. Consult SHANNON & LUCHS Mortgage Loan Correspondents INVESTORS SYNDICATE 1505 H St. N.W. Natl. 2345 INACTIVE SECURITIES 'WE INVITE THE USE OF OUR FACILITIES FOR FURNISHING QUOTATIONS AND INFORMATION ON INACTIVE OR OBSO- LETE SECURITIES. P JOHNSTON, LEMON & Co. MEMBERS WASHINGTON STOCK EXCHANGE SouTHERN BLpG. DIst. 3060 1321 Conn. Ave. N.W. DE. 3600 PRIVATE WIR E FACILITIES Our facilities for executing orders in Security and Commodity Markets include Direct Private Wires to each of our offices in New York Baltis Washington Philadelphis Wilkes-Barre AUCHINCLOSS, PARKER & REDPATH 710 Fiftoeath Street, Washington Members Naw Yoax Sroce Eicuawos Naw Yoax Correw Excmanen N.Y. Cuas Bscuancs(Ames.) Now Yeax Prosucs Ercaanes Cuicase Boars o7 Taans Cricace Mancaxriis Bscaanos Comuonrrr Escrawes, Inc. Wasniworow Sreck Ezcuawew