Evening Star Newspaper, June 1, 1937, Page 17

FINANCIAL. U. 5. BONDS EASE, OTHERS ARE MIXED Railroad Loans Depressed by Disappointing Carrier Earnings Reports. Bond Averages 10 Fsn TR ) Rails. Indust Util Net change. Unc .1 Unc Today noon. 93.01030 98:5 Prev. day .. 93.01029 985 Month ago_. 93.8103.1 989 Year ago__. 91.9103.0 101.6 1937 99.0 104.4 102.8 1937 - 9261024 978 1936 98.2 104.4 103.1 1936 869108 993 676 1932 458 400 646 422 1928 101.1 98.9102.9100.5 na 1.8 71 69 4.7 70.5 3.0 2 7 Month ago 109.6 1937 high_113.7 1936 high_ 1135 1928 high_ 104 4 Year ago.112.1 1337 low.. 108.4 1936 lo 110.2 1932 1o 86.8 (Comptled by the Assoclated Press.) B3 the Associnted Press. NEW YORK, June 1—U. 8. Gov- ernment, German and Italian loans dropped on small volume in the bond | market today as traders withdrew for appraisal of diplomacy arising out of bombing of a German warship. Down about 1-32 to of a point were Treasury the of 1959 and the 27gs. In the corporate sector declined under the shadow pointing earnings point or so were Alleg Baltimore & Ohio 4'5s, Central 4%;s, Southern Railwa; Missouri Pacific 5s. Great Northern convertible 4s were down about 3 following a decline in the shares. Resistant were Bethlehem Steel 33, Goodyear 5s, International Paper. Mc- Kesson & Robbins and Texas Corp. 3.8, In the foreign division German and Ttalian issues were off fractions to around a point. NEW YORK BANK STOCKS NEW YORK. June 1 (T —New Becurity Dealers' Association (Quotat .5 rail liens of disap- 5s of 1949 Tilin 4s and FEDERAL LAND BANKS NEW YORK. Juns Bank bonds CHICAGO PRODUCE. CHICAGO. June 1 «.—Poultry. live. 49, trucks, steady: hens. ‘over & ds. n camery spe- su per is. U Maine Green ) car. 2.10: South Carolina Cobblers. wing heated. fair condic thern Triumphs “condition, .00 P).—Raw ind_prices un- changed at with no sales reported. Futures we the No_ 4 con points higher and commission the upturn over politic particularly T t '4.70 for fine lizht, NEW YORK PRODUCE. RK. June 1 (P, rTe “heciar milk 1856 cight. weak, Fowl, roosters, 11: tur- chickens unquoted. eese. State. whol fats. fiesh! neld. fancy, U. §. TREASURY POSITION. Bs the Associated Press. The positio Recelpts, <10 4RITR: “cu $44.610.64 t Treasury May 28 : expenditures. 676, il Omis receipts for “the month: " the fiscal year (since July " nc! emergency expenditur n! oxm-ndtmres 3.905.91 Gr 41280 an increase of 43 the previous day: gold €11 085 640860 440 Including 25034538 57 af macu\'e gold. STEEL QUOTATIONS. NEW YORK. June 1 (™.—Steel prices per 100 pounds . o. b. Pitisburgh. Blue annealed sheets, hot rolled. 2.40: galvan- 17ed sheets. 3.80; Clack sheefs. hot rolled. 3.15: steel MONTREAL SILVER. MONTREAL. June 1 (® —Silver fu- tures opened sieady. unchanged to 3 lower. July. 44.67b: Beplember, 44.57b: Decem- ber. '44.50b. 'b—Bid. ars. 2 RUBBER FUTURES. NEW YORK. June 1 (#.—Crude rubber {utures opencd easy. 35 (0 50 lower. July, 3 : Beptember, 2: December. e 08-12 NEW YORK BAR SILVER. NEW YORK, June 1 (#)—Bar silver easier, g lower at 447. Off fractions to a | York | . —Federal Land | | sugar | in | By private wire direct to The Star, Approximate Transactions Today. U S Gov't Bonds__., 580,000 Foreign Bonds 1,530,000 Domestic Bonds__. 5,980,000 TREASURY. All time shown below fs daylight saving [ on which the Exchange is now operating. High. Low. ' Close. .30 97.24 97.24 102.25 2158 1949-53 3145 1046-49 3158 1949-5 3181941 115 1044-46 33s (’431“7 52 o FEDERAL FARM MORTGAGE. |3s1047 29 102.29 102.29 | 331949 0102.12 181381964 102.30 102.30 HOME OWNERS' LOAN. 3 99.23 - 100.8 100.6 100.8 - 101.31 101.29 101.29 FOREIGN BONDS. High. Low. Close. 991 991y 988, 98Y 99n 99in 131 13% 1y 114 100% 100% 9075 91 100 100% 100% 100t 101 101 1012 1014 1017 1017 101 101 101% 101% 1007 Abltibt PakPw 5563 Akershus 5s” Alpine Mont Antioqui Antioauia | Antwerp 5s Arzentine 1s Argentine 415 | Argentine . ll' 1007y 91 1007 10014 101 1013 10174 101 101% entine 63 '60 Sept. 1tine 6s 60 Oct Argentine 6561 May. | Australia 4125 '36 1074 108% 10815 109 109 117% 117% 1 < 100 3 203 % Berlin 6155 Brazil 6125 Brazil 7852 .__ | Brazil 8s 41 Breda Ei Brishane & Buenos A C 63,'61PY Peu A 41 S77 Pv Buenos 25'76 Aug Buenos L 455-478 76 April Buenos A41% 100% 101 e T4 10054 101 T 78 9% 804 26 1(‘nr\'\vla 21 Candaa 33,561 | Canac | canada s Chile 65" Chile 65" Chile 6s " Chile 6s " Chile Mtg Bk 6s'61__ Chile Mtg Bk 6s Chile Mtz BK 6% 61 Colozne B Colomt Colombia s '61 Oct__ Copenhagen 41 Copenha Cordoba | Cordoba | Cuba | Cuba Cz zzfl. 964 21021 603 104 104 9814 101% ankt‘orteX 553 French Gov 73;s8'41_ French G 7 Ger C Bk A 65'60 July | Gex C Bk 1\ 65'60 Oct.. Greek Gov ’.‘5 61 Haiti 6552 Hamburg \(flvts Helsingfors 6 Hung Con M 100 3 21% 105 Japan 5125’65 'S | Javan 615554 Kreug&Toll 5559 cfs | Lombard Elec 7s'52_. Low Austria 7%s'50 Mexica 45’54 asst_ Milan 63,852 o Minas Gers 615’58 __ Minas Gers 6328 '59_. ord Ry 6"'1! 50 314 9% 6 71% 2613 26 106%% 98 102% 1041 21061, « 106% Orlental Dev 37585 Oriental Dev 6553 Oslo 4128 | Panama 5s'63 stp as Paris Orl Ry 5155 '68_ Pernambuco 7s’47 Peru §s'60 Peru 6s '61 Peru Pirelli 7s Poland §s 50 Queensland 7s *41 Rhine W EI P 6s'53 _ R10 de Jan 6155 53 Rio Gr do Sul 65 68 __ Rio Gr do Sul 8s°46__ Rome 6145 Saarbrucken 653 __ Sao Paulo C 618 '57_ Sao Paulo St 6368 | sa0 Pavlo St 78 40 6 | Sao Paulo St 7s Serbs 78'62 { Serbs 8s'62_ __ Sydney 515 '55 Tokio 5561 Tokfo E L Ltd 65 '53 Tyrol Hy E1 715855 Ujizawa EP 7s'45 Un Stl Wks 6148’51 A Uruguay 6s°60 | Venetian M G B 7852 Vienna 6s'52__ Yokohoma 6s 61 DOMESTIC BONDS. Adams Express 48 '48 100% 100% Alleg Corp b8 '44 99 Alleg Corp 5s 49_ Alleg Corp s ‘50 stp Alljed Stores 4358 '51. Am & For Pw 55 2030 AmIGChb5%s'49__. Am Intl 5358749 ___ AmT& T 3%s’'61_... AmT & T 3% s’66.. AmT&T 43839 AmT & T5%s 43 ___ Am T F 2%;s-55' 0 Am Wat Wks 6875 . Anaconda deb 4148 '60 Anglo-Chil Nit 7s'67 Armour(Del)1st 45’55 Armour (Del) 4s'67. Armstrong Ck 48°50. A T&S Fe 4s 05-'55 . A T&S Fead] 4s ' A T&S Fe adj 4s'95 st A T&S Fe gen 4895 . A T&S Fe 4128 48 A T&S Fe TSCL 48’5 Atl Coast L 1st 48’62 Atl Coast L clt 48°52 AtICL un 4%s'64 Atl Coast Line 55°45 Atlantic & D 1st4s'48 Atl G & W 18t 6559 Atl Refining deb 5s'37 Aust & Nor 58 '41_. 105% 105% 105% B&O 15t 4s 48 106% 106%.106% B& O 4%8'60._. 5% T5% T6% 105% 79 9% 98 9414 2814 66 8 967% 83% 8% 106% 105% 104% 104% 481 4814 76 k63 100t 100% A 2814 | * Fed Lx 8 “|Grt NR gen 4%s 7 THE EVENING STAR, WASHINGTON, BONDS ON N. Y. STOCK High. Low. Close. 4 111% 111% 85% 851 Bang&Aroos cv 4s 51 Bell T of Pa 55 '48 B Bell Tel of Pa 5860 C Beth Steel 3%5 66 Beth Steel 418 60 Bos & Me bs 55 Bos & Me 5567 BosN Y A L 4855 Bot Con M 635 ‘34 Bklyn Ed con 3%s BKIyn Man T 4%;s ‘66 BKIyn Un El 5850 _ Bklyn Un Gas bs 45 Bklyn Un Gas 6s ‘50 BKlyn Un G 65 67 B BKIyn Un G ref 65’47 Buff R&P con 4345’57 Buff R&P cndlgs'57re BCR&Ncl5s'34 _ Bush Ter Bldg 65 '60- Calit G & Erf 6337 . Calif Packing 5s'40_ Camag 7s 42 ctfs Canada So 6562 A__ Can'dian NR 435s ‘51. Can'dlan NR 435 '57. Can'dlan N 5569 July Can'dian NR5s'69 Oct Can’dian N db 63,5'46 Can'dfan P db 4s perp Can'dian Pac 41346 Can‘dian Pac 4%s 60 Can'dian P 5544 cfs_ Car & Gen 5s 50 ww Central Fdry cv 5s'41 Cent 111 E & G 5s ‘51 Cent N England 45’61 Centof NJ4s'87 _ Cent of N J gen 5s '87 Cent Pac 18t rf 4549 Cent Pac 55 '60 Cert'd deb 68 "4 Champ P&F 4%s Ches & 0315596 D__ C& O gen 414592 C&Ocon Chi & Alt ref 3s'49 Chi B&Q gen 4538 | Chi B&Q ref 6571 | Chi B&QL div 315549 Chi & E 1115551 Chi & 12 111 55 '51 ctfs. Chi Grt West 4s " [Chi Ind & Lou #5747 [CM&SP 4s 84 StP gn 4 CM&stPss ¢ [ CM&StP&P adj hi & NW gen 3125'87 ‘nn& N 41582037 C | Chi& NW 43,8749 __ | Chi R 1&P rf'4s 34 _ Chi R I&P rf 4s'34ctf. 241 100% /8 {10515 114 100% 8815 10514 114 958, 96 105% 106 s 119% 101% 105 20% 1135 9 1131y g 112% 116'% 115% 1175 1174 124 124 948 93% 10413 1041y 10215 115 10115 10213 100% 6712 550 63 10115 1020, 1001, 22| Chi R I&P gen 48 'S8 _ *IChiRI&P 4 | Chi R I&P 4125 '60 | Chi T H&S 15t 5560 | Chi T H&S Inc 5560 Chi Un Sta 4544 Chi & W In con 4, Chi & W Ind 41,562 Childs & Co 5543 Choe O G con 5 Cin G & 123148 °66 |CinUnT33%sDgtd | CCC&St L gen 4593 | CCC&sSt Lrt 43 877E Clev Un Ter l Clev Un Ter § | Colo & So 4155 °80. 3| Colo & 158 70 - | Columbia G & E b3 '52 May | Columbia G&E 55761 | Colum Ry P&L 456 Columbus & Tol 4s | Comel Credit 3%s '51 | Cons Coal Del 5s 60 _ | cons NY31s'46. Cons EAN Y 3748’ | Consol 01131, Consum Pwr 3% Consum P un 314865 Consum Pwr 315870 Consum Pwr 3%s 65 Container s '46 Crane Co 318’51 _ Crown Will P 6s'51__ Cuba Northn 5%s 42 Cuba RR 18t 5562 __ Dayton P&L 3135 '60_ Del & Hud ref 4543 __ 103% 101 100 1031 Den & RGre{5: 18 Det Edison 45’65 F Det Edison 4143’61 D Det Edison s Det Riv Tun 41 DuiSS & At5 Duquesne Lt 3145 65 Elec Auto Lite 4552 Erie cons 4s'96 Erie gen 4s° Erie ref 55" 1083 1133, 1071 1052 102 10214 1213 12 514 105%4 1017= 1008 821, 100 105% 1043, 97 Erie&Pitts 31 Fairbks Morse 45 ‘56 Fla ECRy 557 Gen Cable 5 Gen Mot Acc 3%s *51. Gen St] Cast 515549 Goodrich 4%s ‘56. Goodrich 6s 45 Goodyear T&R 58'57. Goth Silk H 5546 ww Grt Nr Ry 3% 8°67 Great N Ry 45'46 G__ Grt NRy4s'46 H 10413 104 112% 1171 11ty 99 4 100% 94 10114 103 91%% 104% 104 112% 1175 | 11V 99 100 94 1011 103% Grt\'RgnQ‘:s”fl E Grt N R gn 58’73 Grt NRb%s 52 Gulf Sta Stl 4 Gulf States U | Gulf sta Util 413546 {Jlarl‘(yI‘Cl st4 Hudson Coal Hudson Co G 1st 55'49 Hud & Man inc 55’57 Hud & Man ref 58 '57 111 Bell Tel 313870 __ I11 Cent col tr 4s'53_. I11 Cent 43 s '66 ICC&St L N 0418 63 ICC&St LN O 58°63_. 111 Steel deb 418 '40_ Inland St13%s'61 Int R T 1st rf 5s°66 IR T 1strf 55’66 ctfs Int R T 6s°32 Int RT 6s°32 ctf: IntRT 7832 _ IntR T 7s'32 ctfs Interlake Iron 4s 47 Int Grt Nr adj 68'52 A Int Hydro Elec 6s'44 Int Mer Marine 6541 Int Pap 1st5s'47 A__ Int Pap ref 6s°55 _. Int T&T cv 4% '39_. Int T&T 41;8'52 Int T&T b5s '56 Towa C 1st&rf 4s'51_. James F & C 4s'39___ Jones&L Stl 434 8'61A Kans C F S&M 4s'36_ Kan CFS&M rf4s'36ct Kans C So 1st 3s '50._. Kans City So ref 58'50 Kans C Ter 15t 45 '60. Kans G&E 415580 Kelth's 6s°'46 Kings Co El 48'49_ Kings C L 1st 6.5 '54 Kresge Found 31,847 Kresge Found 4s ‘45 Laclede Gas 5839 Laclede G 6%s'63 C. Laclede G 5%8'60 D_. Lake E&W 2d 5s '41 Lake S&M So 315897 Lautaro Nit 1975s _ Leh C&N 4158 '54 A Leh Val Har 58°54___ Leh V NY 43%8'40 gtd Leh V P con 4s 2003 Leh V P con 43;s 2003 Leh V RR con 58 2003 Ligg & Myers 7s '44 Loew's 3148°46 Long sl ref 45’49 Long Islrf 45’49 stp_ Lorillard 78 44. La & Ark 58 69 Lou & Jeft Bld 48 °45_. L & Nash 3% 2003, 92% L&N Lat 482003 ___. 98% 98% L & N unif 45°40____. 106% 106% 106% L &N ¢%s2003C. 105 1056 105 L& N 65852003 B__ ... 108% 108% 108% 104% 9214 60% 597 105% 101% 108 EXCHANGE High. 112 97 104% 1041 L & N At K&C 48'55. L & N So Mon jt 48'52 McKess&Rob 6148'50. Me C RR clt 4545 A. Manati Sug 7%s '42 Manhat Ry 4s " Manhat Ry 4590 ¢ Mead Co 65 *45 Met Ed 1st rf 4% Mich Cent 4%s Mil £1 R&L 5s 61 Mil El R&S L rf 65'71 Mil No 1st 4148 ex '39 MStP&SSM cn 48 °38 MStP&SSM 6s'38 gtd I MoK &T 1st 48" MoK&T4s 62B Mo K & T 5862 A. Mo Pacific 55’ 811 __ Mo Pac s 811 ctfs Mo Pac 515849 A Mob & Ohio 414877 Mob & Oh M div 55’47 Monong Pub S 415560 Monong Pub S 6s'65 . Mont Pwr 3%s'66 Nat R M 1st 4 Nat It M 45’77 as: Natl Steel 43 /5 & Y Central 3% Central 3 Central { Cent 454 Cent con 48’98 Centrf 4%s2013. Crf41;s2013n Cent rf 552013 Cent cv 4 C LShat.s 98 “hi & St L 38’46 10014 1001, 1137 NH & Hev 6548 NH & H Cons Rys O&W gen 48°55 & W ref 4s ¢ Steam 1s Norf & W 1st 4 North Am Co 5861 North Am Ed i Nor'n Pac gen Nor'n Nor'n Nort'n Pac fs Nor'n Pac €s 2047 Ohio Edi Pac T&T rf 3‘.5 66 B * 6540 Paramount Pic 6s Parmelee 65 '44_ Penn Co 4563 __ Penn Dixie C 6s PennO & D41 PennP&L 47;8°81 Penn RR3%s w1 _ Penn RR3%s'70C. Penn RR 4%,8°81 D. Penn RR 41,5 '84 Penn RR con 4145 '60. Penn RR 2n 438" Penn RR deb 412570 Penn RR gen 5s* 6!_ Pere Marq 4% Pere Marq 1s L 1015 - 114 L 100%k _ 1023, a & R C&l1 pine Ry 4s’ Porto Rico A Postal Tel & C Pressed Stl Car § Pure Oil 4% s Pure Oil 418 Pure Oil 43,850 xw __ Purity Baking 5s'48_ Reading Jer C4s'51_. Reading R 415897 A_ Reading R 475897 B_ Rem-Rand 44 8'56ww Republic Stl 41s Republic Stl 4155 °56_ Republic Stl 4‘-;!'61 R1A&L 1st4’:s'34_, Rutland RR 4125 '41_ Saguenay Pw 415’66 | St LIM&S R&G 4533 StLS W Ist ter St P M&M ext 5543 StP Un Dep rf 557 k nA&A l'a“qs 4'! Scioto Val&N abd A L 4s '50 stp__ Seabd A L 645 A Seabd A-F1 6; Seabd A-Flafs'35B ct. Sharon Stl cv 4125 '51 Shell Un deb 3%s 51 Silesian Am 7s 41 Skelly Oil 45 Socony Vav31:s'50 South Bell T&T 6s '41 Southn Cal Gas 45’65 Southn Cal G 414s'61. So Colo Pwr 6s 47 A_. South Nat G 414s'51_ So Pac 3%s 46 So Pac col 45’49 So Pac ref 48 '55. So Pac 41,8 '68 So Pac 415569 So Pac 41;s ‘81 So Pac Oreg 45877 So Pac S F Ter 4s 50 So Ry gen 4s°56 A So Ry 6s'94 . So Ry gen 65 "5/ So Ry 6128°'56 SoRy M & O 4s'3 So Ry St L div 4s'51_. S W Bell Tel 3%s'64. Southw'n G&E 4s°60. Spokane Int bs '55. Staley AE4s 46_____ Stand Oil N J 3s'61.. Studebaker cv 68 '45.. Swift & Co33%,8'50__. Tenn C&I RR 58 '51... Tenn El Pw 6547 A. Texarkana 5%s'50_.. Texas Corp 314851 Texas & Pac 58'80 D. Third Avref 4860 __ Third A ad in ex 5s'66 Tide Wat Oil 3145’52 Un Oil of Cal 3%s'52 Union Pac 3158°70___ Union Pac 31,8'71 Union Pac 1st 4s°47 __ Un Pac 1st rf 4s 2008 Un Pac 1st rf 5s 2008 United Drug 6853 ... Utd Rys St L 4s '34 U S Rubber 6s "47 Utah L& T 6844 A Utah P& L 63’44 ___ Util P& L 68'59 ww.. UtilP&L 6% 4T .. % Va E & P 1st rf 45 '55. 108% VaIr C&C 1st58'49_. 60 VaRy1st3%s°'66 A.. 104% VaSWconbs's8..... % 105% 4 120% 96 /i Low. Clot 112 97 104'% 104% 311y 4414 10214 103 10015 1047% 10015 109 9814 10615 3 1068, 1188 110! 10115 D. 0, TUESDAY, JUNE 1, 1937. SHARP DROP SEE INSTEEL AGTIVITY Institute Finds Operations at 77.4 Per Cent, Against 91 Last Week. By the Associated Press. NEW YORK, June 1.—The sharp- est decline in the Nation’s steel oper- ations in many months was reported today by the American Iron and Steel Institute in wake of the tie-up of strike-bound plants of some inde- pendent producers in the Cleveland, Youngstown and Chicago districts. The operating rate this week, the institute estimated, will be 77.4 per cent of capacity, compared with 91 per cent last week. For nearly two months the industry had been operating at 90 per cent of capacity or above and set a new high record for tonnage output on the Spring expansion. The drop, the institute said, amounted to nearly 15 per cent. The operating rate, however, was above | the comparable rate a year ago, which was 68.2 per cent. A month ago the industry was busy at 91 per cent of capacity. Steel operations had been one of the chief sustaining pillars of the industrial trend recently. The sharp decline this week threatened to put a dent in the business curve, which had been holding around the peak of the recovery movement. Washington Produce BUTTER—42 score, Ya-pound prints. i, pound prints, 34 ub, 33, 1-pound prints. tub, 44 90 score vs-pound prints, MEATS—Choice beef. 18a19: calves. 15a veal. 16 Spring lamb, 24° F: pork loin, 2. 18 ham ed” frozen pork smoked ham. 25 sliced 303" slab bacom, 2. compound, lard, 1413 LIVE STOCK—Pigs 012a10. mediums 9aal10 o stazs. 4a0 3 mm on. fanty 108 Breaviea 0124 Calves. 6508830 Prices paid pers, net fob. Wash- | ington, by ‘the United States Bureau of Agricuitural Economi EGGS—Market abo: chanked prices: “eurre whites lighy U. S standards. iarge | _LIVE POULTRY--Market weak settled: prices lowe: on Rock chick | colored “heavy, 16al7; Leshorns roosters. 10: ' chicki s Rocks, ~ Virginia, 167 turkeys. old hens, §oal o 3al4 in large lots by original receiver up 10 | am. today APPLES—No carlot arrivals track plics moderat erate: market steady. Ma: vania Virginia and West N w no cars on demand mod- v baskets, v mum 5% and 11 fancy and fancy. 00 ASPARAGUS—No carlot arrivals: no cars on track. Eupplies moderate: demand moderate: market slightly weaker. Pyra. mid crates Col, extra_fancy. fan Delaware, medium to Jnm e Washington Exchange SALES. “ | Capital Transit—10 at 1015, 10at 1014 100 Potomac Electric Power-5', at 111, Mergenthaler Linotype—10 at 47, 10 at 47, 2 at 47. AFTER CALL. % pfd.— ? | Capital Transit Co.—7 at 97;, 11 at 10. 105% 120% 92 105. 103% 1031 474 23% 100 111 9614 961 115% 961, 28% 106% 98% 98 49% 504 1084 1084 60 60 104% 104% 95% 956% 115% Bid and Asked Prices. BONDS. PUBLIC UTILITY Amer. Tel. & Tel. 4'as Anacostia & Pot. 5s " Aékefl {10 Cavital Traction 1st 5s City & Suburban 5s Georgetown_Gas Pot. Elec. Pow. 58 Wash. Gas 55 1950~ Wash. Rwy. & Elec. 45 MISCELLANEOUS. Cheyy Chase Club 15t 4% . M. Cold Storage 55 _ STOCKS. PUBLIC UTILITY & Tel. 9 Transit Seenmbost” (6)° (8) Amer. Tel | Cabital Wash. Gas P Wash. Ry. & (334 Wash B £ B p1d. (5)- 109 BANK AND TRUST COMPANIES. Amer. Sec. & Trust Co. (e8) 290 Bavk of Bethesda (h.? | Capital (4) | Gom. & Savings (10)- | Liberty (4 £ | Eincoln (18,05 atl, Sav. & PrGeornes B % | Riggs ~ (eR) Riggs fd Washington = Wash. Loan & Tr. (e8) FIRE INSURANCE. (8) - & Tr. (50) American Corcoran () Firemen's (1.60) National Union (.60) TITLE INSURANCE. Columbia (.30) 2 Real Estate (6) MISCELLANEOUS. Carpel Corp. (2.00) Lanston Monotype (14) Lincoln Serv. com. (+1.00)_ Lincoln Serv. pfd. (3,50) ' Mergenthaler Lino. Peoples Dr. St. com. Ter. Ref. & d. & Loth, om0 0 Waw Loth. pfd. ()-__ 1 'Ex dmdenfl 75 ext ite ST Jine 30. 1036; 45c pald De- cember 22, 1036. — High. Low. Close. 32 32 32 93 ‘Wabash 4148°78 _cee Wabash 1st 6839 ‘Wabash 5s°76 B Wabash 5880 D_. Wabash 518 75 ‘Wabash 5%s’75 ctfs. Walker H&S 448 '45- ‘Walworth 48’55 Warner Broscv 6s 39 Warner-Quin 6839 __ ‘Wash W P 1st 583’ West Pa Pw 4s'61 H_ W Pa Pw 1st 5363 E_ W Sh 1st 45 2061 gtd. W Sh 1st 48 2061 reg_ West'n Md 1st 48°52_ Westn Md 518 W7 ___ Westn Pac 58 '46 A West'n Pac 55’46 A as West'n Un 414850 Westn Un 58’51 9214 33% 333 34 §32 4 104% 10714 831 32'% 161 101% 100% 99% 99% 99% . 3 35 35 100% 100% lgfl“ Wheel Steel 4328’5 W Sp Stl con 7s '35 Wilson & Co 48 °55 Wis C 1st gn 45 °'48 ct. 26 26 WisCS&DT4s’36.. 184 17T% 17% Yngstn S&T 48°61__. 101% 101% 101% 7 World Production Of Zinc and Lead Well Above 1936 By the Assoctated Press. NEW YORK, June 1.—World pro- duction of zinc and refined lead for April and the first four months of | 1937 increased over the corresponding ' periods of 1936, the American Bureau of Metal Statistics reported today. April world zinc production totaled 156,989 short tons, against 131,367 in April, 1936, an increase of 25,622. For the first four months production was up 68,401, compared with the same period last year. The total was 585,- 314, agalnst 516,913 last year. Lead production for April totaled 151,597 short tons, against 140,436 in April, 1936. In the first four months production amounted to 586,385, com- pared with 540,436 in the same months of 1936, an increase of 45,841. INVESTING COMPANIES NEW YORK. June 1 (P —New York Security Dealers' Association (Noon quotations.) Bi Admin Fd °n Am Business { Am Gen Ea Am Ins Stoc = Bancamer Bla | Bankers Nat inv Corp xd Basic Industry _ Broad St Bullock Asked. Depos Ins Shrs Depos Ins Shrs * Diversified Ti Dividend on Corp Fived "Rrios S0y Elxed Trust Sh B Found Tr ) Fund Investors Inc 3 Fund Tr Shrs A--- g 5| Fund Tr Shrs Vestors Tr~xd Sec Axriculture Sco | ec Build 2y | Sec Chem), d[ 1 i Sec o 2 Sec I 7 | | Grou rot | months ended March 31, $532,000 and $121,000, | ended March 31 consolidated net in- FINANCIAL. A. & P. DISCLOSES GAIN IN PROFITS |$17,084,622 Total Com- pares With $16,593,252 in Previous Year. By the Assoctated Press. NEW YORK, June 1.—Great Atlan- tic & Pacific Tea Co. reported today for the fiscal year ended February 28 | net profit of $17,084,622, equal to $7.31 | a common share, compared with $16.- | 593,252, or $7.08 a share, for the year | ended February 29, 1936. Diamond Match. Diamond Match Co. reported March quarter consolidated net income of | $532,078, equal to 44 cents a common | snare, compared with $506,759, or 40 | cencs, in the like quarter last year. The company, producer of timber, paper and other products in addition to matches, has properties in the East and West Vick Chemical Co. Vick Chemical Co. reported March quarter net profit of $941,244, before undistributed profits surtax, equal to $1.3¢ a share. This compared . with | $1,016.784, or $1.45 a share, in the like quarter last year. Standard Gas. Standard Gas & Electric Co. and | ubsidiaries reported for the 12 months | come of $4,425,095 against $2, for the preceding 12 months. For the latest 12-month net income | | included approximately $2,373,000 of | | undistributed earnings of subsidiaries | | applicable to capital stocks held b\" Standard Gas & Elec Co. Of this | amount approximately $1,160,000 was | not available for distribution to Stand- | ard Gas & Electric in the form of | dividends on common stocks of cer- | tain subsidiaries, due principally to | a(‘(‘u ation of dividends in prefer- | red stocks in prior periods and to re- { tention of surplus for other purposes. Comnamvl\v amounts for the 12 1936, were respectively. Northern States Power. Northern States Power Co. and sub- sidiaries, a unit in the Standard Gas & Electric Co. system, reported for the 12 months ended March 31 net income of $5,251,257, against $4,897.- | 357 for the 12 months ended March | 31, 1936. For the March quarter net 505,602 | Income was $1,665.824, against $1,605,- By == R4 a5 1145 1 1911 2096 e INSURANCE STOCKS NEW YORK. June 1 (P —New York Security Dealers’ Assoctation: Acked Aetna Cas (2a) 2 5, Aetna Ins (1.60) _ Aetna Life (x0a) Am Equit (1 B0a) Am Reins (40g) Am Reserve (la)_ Am Surety (2i) Automobile Balt Carolina Conn "Gen Lif_ Contin Cas (12 2 B & Bep ‘(47 Fireman's Nwk (.30)_ Frank Fire (la) Gen Reinsur (2)_"_ Glen Falls (1.60) Globe & Rep (.80) Globe & Rut 383 for the like pe Pittsburgh & Lake Erie. | Pittsburgh & Lake Erie Railroad Co., controlled by New York Central Railroad Co.. in its 1936 pamphlet re- | port disclosed net income of $4,591,- | 249, equal to $532 a share on capital stock, against $3.245373, or $376 a share, in 1935, Total operating | revenues were $22,204,490, against $16,822.332 in previous year. | FURTHER DROP SHOWN BY TREASURY DEPOSITS | Bs the Associated Press. NEW YORK, June 1.—Treasury deposits with Federal Reserve Banks dropped to the lowest level in years | during the week ended May 26, the credit statement of the Reserve Board indicated. | Bankers saw nothing significant in the decline, pointing out the Treasury | policy for many months past has been to keep the total around the $100,000,- 000 mark. | Treasury deposits compared as fol- lows: | Week ended May 26. $ 80,000,000 ! Previous week___ 117,000,000 Great Hanov ckerbocker (£0) _ | LincolnFire Maryland Cas W Hampshire Y Fire (o) Nor River (1) Phoenix (2a) Prov_Wash Revere (P) In (1.30)_ Rossia Ins (.60a) St Paul Fire () Springfield (4'.a) Sun_ Life (3%,%) Travelers (i) A 1.60) N Ty a—Also extra or extras &—Declared or paid so far this year. PAYMENTS ORDERED ‘ ON RAIL EQUIPMENTS | Ey the Associated Press NEW YORK, June 1.—New York Central Railroad Co. announced it | would pay today a total of $4,222,000 | installments of eleven 5 per cent | equipment trusts originated from 1922 | to 1934, inclusive, for the New York | Central, Big Four, Michigan Central | and Cincinnati Northern Railroads. Of the total $1,397,000 will be for final installment First Mortgaze Notes on very conservatively ap- o vraised new buildings in denominations §100 up. General Busmess, Inc., Building Departm, SAFE INVESTMENTS and near Washington; 3516 Conn. Ave. Cleveland | 1303 1304 LOANS FOR BUILDING Low Interest Repay Monthly OUR Mortgage Loan Plan makes it easier for you to build—easier to carry your property and meet your payments. We have ample funds available for large or small projects. Get thefacts. WEAVER BROS inc REALTORS Mertgags Lean Corvespendent Maropslitan Life Inurance Compang WASHINGTON BUILDING DISTRICT 9486 'Same period last - 544.000.000 OFFICE FURNITURE WE SELL, BUY OR EXCHANGE Desks Steel Files Tables Steel Cabinets Chairs Safes BAUM'S FURNITURE HOUSE 1116 Fye St. N.W. Phone NA. 2184 year. Real Estate Loans Business Property and Resi- dence . . . Construction or Re- financing Loans @ © @ SHANNON & LUCHS Morteage Loan Correspondents MASSACHUSETTS MUTUAL LIFE INSURANCE CO. 1505 H St. N.W. Natl. 2345 1 pecialists Yor Business Records and Equipment BURGLAR CHESTS WalcoflTavlorCalnc MILLS BLDG. MEtro. 5846 in District of Columbia on one three o curtails; H. L. RusT 1001 FIFTEENTH STREET AUTOAL | troit, INTEREST COMMISSION 1% TE VOTES B0-CENT DIVIDEND Payment on Common Stock Compares With 60 in Last Quarter. By the Associated Press. NEW YORK, June 1.—Electri¢ Auto-Lite Co. has declared a divie dend of 80 cents on common stock, compared with 60 cents paid three months ago, payable July 1 to stock of record June 17. The company man« ufactures automotive equipment af Toledo, Ohio. Weston Electrical. Weston Electrical Instrument Co. Newark, N. J,, declared a dividend of 50 cepts on common stock, payable July 1 to holders of record June 18, | A dividend of 25 cents was pald May 14. Art Metal. Art Metal Construction Co., James- town, N. Y, ordered a dividend of | 80 cents on common stock, payable July 1 to stock of record June 19, compared with 40 cents paid April 1, Gorham Manufacturing Co. Gorham Manufacturing Co. smiths and goldsmiths, Providence R. I, declared a dividend of 50 cent on common stock voting trust certifi- cates, payable June 15 to stock of record June 1. Company said 25 cents in March. Outdoor Advertising. General Outdoor Advertising Ca declared two dividends of §1.50 on pre. ferred stock on account of accumula- tions, payable June 25 and Jul: to stock of record June 15 and July 1a Hoskins Manufacturing Co. Hoskins Manufacturing Co.,, announced a divi cents on common stock, payable Jun¢ 26 to stock of record June 11. Pre. vious payment was $¢1 on March 26 Company manufactures electrical re- sistance materials and other equip- ment. , silvere McKeesport Tin Plate. McKeesport Tin Plate Co., McKees d a dividend of 5( cents on capital stock. payable July to stock of record June 10. Prior y the exchange of two shares of capita stock for each share held the com. pany paid a divi d of $1 on April 1 d last year, ’ : REAL ESTATE LOANS 5% s FRED T. NESBIT PROPERTIES. 1010 VERMONT AVE. DISTRICT 9392 Money for Connmctlon Loam and Loans on Existing Properties 5% FIRST DEED OF TRUST ONLY GEORGE 1. BORGER 643 Indiana Ave. N.W. Nat’'l 0350 First mortgage notes, ! well secured on con- | by Marylond. Denominations of $500 up. Interest 6% per annum. | + Investments | servatively appraised, ' new buildings in | Bradley, Beall & Howard, Inc. Southern Bldg. Phone Nat. 0271 { Washington and near- | Established Nearly 40 Years First Mortgage Money For CONSTRUCTION LOANS and LOANS O} IMPROVED PROPERTY in the District of Columbia Nearby Maryland and Virginia Prompt Action B. F. SAUL CO. 925 15th Street Natl. 2100 é.éozf Zezm CONSTRUCTION LOANS or nearby Maryland SIX MONTHS TO ONE YEAR 5% Upon completion of buildings, these loans may be extended of several long term monthly payment plans; or for r five years, without interest semi-annually. ComPANY NATIONAL 8100