Evening Star Newspaper, June 2, 1937, Page 15

FINANCIAL. BONDS IRREGULAR LATE I SESSION U. S. Government Obliga- tions Decline as Coipo- rates Register Gains. 10 10 Rails_Indust Otil Net change. --.3 Unc. Unc. Today, noon 934103.1 98.4 Prev. day... 93.1103.1 98.4 Month ago. 94.11031 988 Year ago_.. 91.9102.9101.7 1937 99.0 104.4 102.8 1937 9261024 978 1936 98.2104.4 103.1 1936 8691018 99.3 67.6 1932 458 400 646 422 1928 101.1 98.9102.9 100.5 10 Low-Yield Bonds. Noon ____110.6 Prev. day. 1106 Month ago 109.8 Year ago.112.2 1937 high. 113.7 1937 lo 1936 high_ 1135 1936 low.. 1928 high. 104.4 1932 low_. Unc. 1.1 1.7 1.2 69.0 747 70.5 3.0 (Comptled by tne Associated Press.) By the Associated Press NEW YORK. June 2—Bond trading Was somewhat mixed today. United States Government were generally lower. Foreign with the exception of Italian 7s, governments, Rome 6'.s and 615 were steady and slightly higher. General European unsettlement is having its effect in depressing these bonds. ‘The domestic better featured by In Chesapeake & Ohio 4'.s of 1952, and a substantial rally in New Haven 6s of 1940. Improvement also was shown in Great Northern 4',s, national Telephone 5s and American Telephone 3',s. DIVIDENDS ANNOUNCED NEW YORK June 2.--Dividends de- glared. prepared he Standard Statistics orp. loans Polish Milan liit was somewhat Increased. Art Met Con Electric Auto-Tite 'Co Sic Pet 13 NI o Initial. Tin Plate 30c Accumulated. Gm (‘m'dmr Afl-l HEN S1.30 Mumun Sugar 6% pf_50c McReesport Extra Chain Arrears, pr, ias Locke Steel #idland Ol $2 su Omitted, New York Steam $7 pf. New York Steam st pl. Amer Orvstal Regular. Abraham & Suraus Inc American Cranemian Do. AmEr Shelt & Refin Do. 77z Istpf & T <2750 pe Biack & Decker Bloomingdale Bros Carter J W Ceinnese Corp of Am 0006, D DO Shoe an< ors Roval Q Q Q Q Q Q Q Bro NYI( H»rlrn. R R mnosm. A hio Brass Do. B wn Penney Lf Stamping 15c Co rnnm» Bessemer « al common on each share S3 prior praterence. Payable in stock at discretion of director. iOptional Dpavi h share sommon for each CHXCAGO LIVE STOCK. CHICAGO. J 2 (P (United States Department of Agriculture).—Hozs. 18- 000. inc ® 6000 direct: ma even: steady (o 10 lower than Tuesday's Average. spois off more on medium to gnod ‘grade llent lights and_pies: packing sows ) top. 11.75: bulk ggod and choi 10 potinds, T145:5: 150~ | TR0, ounds. V050 mostlv: bulk 200d packing light' kinds on 2.500: fed steers v: zood and choice | g: largely steer run; ¢ value to el under | el early | fers and mixed vearling ol At 10,501 1,00 best. helfers, cows and heifers duli and | fully steady, but vealers ~ieady To weak at 00" mos v onlv. sele £30: best weighty satisage bul 00, including - 2,500 and Springers active: higher: top native Spring two doubles best Californias four other doubles, 10.35: Lwo Joads clisped California Sprine’ lambs. 10.00 four doubles shorn Texas lamb: medium grade. 8 shorn ewes. 3.00-4 NEW YORK SUGAR. NEW YORK June 2 (3.—Ri was unchanged early today at sDois, with no sales reported oped, however, (hat late yesterday bags’ of Puerio Rico for June 201d to an operator at this price Futures were steadier. with No. 4 con- | tract the more active. 1t opened 1 to 113 points higher on increased covering and commission-house buying, encouraged ' by the firmness of London. which was said o be due to the abandonment of fthe British profit tax The initial upturn Tealizing. however tial Teactions, with July easing from 1.5 10 1.21 and September from 1°241 to 1 bringing the list at midday aboui 1 ¢ net hicher Tn the No 3 contract trading was con- fined to September at 248 and March at 247 or unchanesd (o 1 point net higher Refined was iinchanged at 470 for fine granulated. but demind il Tignt, FOREIGN EXCHANGES NEW YORK, June 2 (» —Foreign ex- ehange steady: Great Britain in dollars. gthers in cents Gres: Britain deman rsi cales. 4923 day bills, 4 ee, tomsing 4 6,000, direct: a evel- 38,000 shipment | attracted some cable Belglum 5 registered. 5499 n_ 25.41: Denmark. Swilieriand aioted:" Formen. Poland. 19.00: o Sn 30.45; Mex!tn (‘i'v Montreal in New York. 100.03's: New York in Montreal, $9.90 n—Nominal. REICHSBANK STATEMENT. BERLIN, June 2 (#.—The Reichsbank tatement ‘as of June 1 shows the fol- owing changes (in thousands of Reichs: marks): Notes in circulation. 4.901.000: decrease, 484.000: gold. B8.605; 'increase. 70: foreln currency réserves. 5.854; de. haaiher, bills of exchange and se. 0 tnvestn 154: 4 es : de- i Ratio e “Zord -nd‘nfelrnn; rrency to motes 1.5 per cent. Rate of fl'.’xcnum 4 per cent. et MONEY MARKET. RK. June 2 (#.—Call money steady: | PEX CeF cent ' time loans ateady: %I(\lp jays. 114: 4-6 months. 115 ‘Ffl' cent: 80 S Lesiances unchanged. redis: s York Reserve Bank. 1l Jper cent. ents. 104, New issues, | ipward movement | Inter- | strong | and there were par- Y BONDS ON By private wire direct to The Star. Approximate Transactions Today. U S Gov't Bond, - 1,000,000 Foreign Bonds . . 1,170,000 Domestic Bonds__. 5,800,000 TREASURY. All time shown below Is davlight saving on vhich the Ezchanse is now eperatinr. Low. 2‘,! 1949-53 9 102.28 100.19 99.25 18 100.18 1\)4.7 l()4.27 106.11 106.10 105.21 106.16 | 11528 11520 FEDERAL FARM MORTGAGE. ,exu. 102.31 10 11 102,10 1 HOME OWNERS' LOAN 2Us 104244 9 38103049 351y 31 1009 10 5 100.8 101.28 101.28 FOREIGN BONDS. High. Low. Abitibl Pa&Pw 68 °53. 10074 100 Antioquia Antioquia 7s Antioquia 7 Antioquia 7s " Antioqufa 2d 7 Argentine 4 Argentine 4 Argentine 51562 Argentine 6357 A Argentine 6569 Oct Argentine 6560 May Argentine 6s ‘60 Sept Argentine 6560 Oct Arsentine 6s 61 Febr Argentine 63°61 May 10013 101 1012 1017 101 1017 100% 102 210200 1075, 1071, . 109 Australia s '57 Belzium 614549 Belzium 7s 55 Berlin 6s ‘58 B "lA'nH'n Brazil 88 41 ___ Buenos A C 615855 . Ruenos A C3s 84 Beu A 413-43{8'77 Pv Buenos A 41 Buenos Afre 4%5-4%8"76 April Buenos A4l2s-43,8'75 Buenos A C61:s'61Pv Bulga '8 5! 10115 10115 5614 T8y T8l 79 Rl 102 26 29 Candaa 31 (Canada 4s Canada 5s Chile 6s'60 Chile 6s°61 J Chile 6s’61 Febr. Chile 6s'61 Sept _. Chile 6s "1 Chile 6s | Chile 784 Chile Mtg Bk 6s'62__ Chile Mtg Bk | Chilean Mun L 7s '60_ Colombia 6s "61 Oct __ Copenhagen 42 Copenhagen s Cordoba 107 1 X 28% 94 99 7 ‘1 i3 Bt 60% | Czechoslovakia 8s Denmark 412862 Denmark 51,835 Denmark 6s'42 | Dominic 1st 5128"42_. El Salvador 8548 ct_. | French Gov 712841 Ger C Bk A 6560 Oct. | Ger Gov 5% 65 st | Ger Rep 7s 49 stpd Good HS & 17s'45 | Greek G 6568 pt pd__ Hamburg St 6546 Hungary 728 '44 Italy 7s '51 1tal P U Crd 75’5 Japan 532565 Japan 6.5 54 | Jugos Mtz Bk 75" Kreug&Toll 5559 cfs Lombard Elec 7s'52_. Milan 61,552 __ Minas Gers 6128 "59.- Wales 585 Wales 5558 A or\\'a\ l‘ Gu 105% 78 1031, 98" 1021, 104 1061, 1061, 103 1034 | 98 10214 10315 106 1061, 1033, Norway 65 43 Norway 6544 __ 106 1061 Panama 5363 atp as- | Panama 512853 Paris Orl Ry 5138 '68_ Pernambuco 784 Peru 6560 Peruts’61l Peru 7s | Poland 6s ! Poland 7s"47_. Poland §s°50 Prague Gir T1;s Prussia 6s 5 Queensland 6547 Queensland 7s ‘41 Rhinelbe Un 7546 Riode Jan 6!;s 5. Rio Grdo Sul 6s'68 __ | Rio Grdo Sul 7566 .. Ronie 628’52 Sao Paulo C 6138 Sao Paulo St 6368 | S0 Paulo & 201, 201 211 49 614 208 204 110% 110% 1107y 1107 27 27 24'3 313 27145 8215 PYin 7% A’(' 44 et 39 79 R8s 80% 80 5 95 28'% 28% 2814 281y 66'a 6613 44 T 31y | Tokio E L Ltd S! 5 Tyrol Hy Elec 78 '52 1UnSt Wk 613 Un St Wks 62 Uruguay 6860 _ Gruguay 68 '64_. 6612 66 | Vienna 6 965 9613 | Wi “ o owu 84 84 DOMESTIC BONDS, Adams Express 4s°47 101 100% 101 Adams Exp 43, 100 1004 Alleg Corp s '44 99 Alleg Corp 53 49 Alleg Corp 585 Alleg Valley 48’4 Am & For Pw 68 2030, Am1GChbizs 49 Am Intl5%s 49 _ AmT& T 3%s'61_. AmT & T 3%s 66, Am T & T 41;8°39.., AmT&T 51,8 43 Am TF 21;5-58'3 137% Anaconda deb 435850 105% Armour(Del)1st 48’65 97'% Armour (Del) 48°57.. 97l Armstrong Ck 48°50. 106% A T&S Feadj ¢s 95 st 1057 A T&S Fe gen 4895 109% AT&S Fedlzs 4 108% Atl Coast L 1st 4 102% Atl Coast L clt 48 '52. 9% AtICLun43;8°64 __ 924 Atl Coast Line 6845 104% 7% 107 - 105% 99%, 983, 106 11314 11315 137% 105% 975 97% 105% 105% 109% 108% 102% 102% 93% 94 91% 92% 104Y% 104% 106% 106% % 103% 103% 103'% 103% 92 93 106 - 106% 111% 111% 1181% 118% 95% 95% 103% 103% B&OSwnbs'50 ___. B & O Toledo 43 ‘59 _ Bang&Aroos 45’51 Bang & Aroos 5843 Bell T of Pa 65 '48 B Beth Steel 3% 566 Beth Steel 4% s 60 Bos & Me b8 °56____ Bos & Me 5867 {Bos NYAL4s'S5. 27 1».! 1033, | THE EVENING STAR, WASHINGTON, N. Y. STOCK EXCHANGE Bot Con M 65’34 ct. Bklyn Ed con 3348’66 Bklyn Man T 4148’66 Bklyn Un E1 58'50 __ BKlyn Un Gas 58 "45_. Bklyn Un Gas 68’50, Bklyn UnG 68’67 B . Bklyn Un G ref 65 '47 Brown Shoe 3%s'50 Buff G E 41s5'81 B Buff R&P con 4%8'57. FuffaloR & P 58 '37 BCR&Ncl5s'34 Bush Term con §s Bush Ter Bldg 53 '60_ Califr chklng 6340 Camag 78 42 ctf Can'dian NR 43351 Can'dian P db 48 perp Can'dian Pac 41;5°'46. Can‘dian Pac 435 '60 Can'dian P 53°44 cfs_ Can'dian Pac 53 '54 Caro Cent con 4s'49_ Caro Cl& O 68'38___ Caro Cl& O 63’52 A__ Cent 11l E& G 63°51 Cent 111 Lt 3155°66 Cent N England 4s'61. Centof NJ 4s'87___ Centof N J gen 5387 Cent Pac 1strf 4549 Cent Pac 5560 __ Cent Steel 8541 Cert'd deb 51 Ches &0 3%;s C&Ogen4iz3'92 C & O Big Sandy 45’44 C& O R&A 2d 45’89 C&OWnSVis'4 Chi & Altref 3s'49 Chi B&Q ref 5s°'71 1 Chi B&Ql div 3%s o Chi& EI1168°51. . __ Chi & E 111 68 '51 ctfs. Chi Grt West 4s '69_. CM&StP 45’89 | CM&StP&P adj532000 Chi& NW 43,545 _ Chi & NW gen 5s'87_. |Chi R I&Prf4s 34___ Chi R I&P 413860 l hi T H&S Inc 58 '60_ | Chi T H&S 150 5560 | SalUnSta a34e o1 bf Un Sta ta 43’44 |ChiUn Sta 43 °63 {Chi & W In con 4552, |{Chi& W Ind 4% | Childs & Co 58" {CinG & E31,8"66 _ CinUnT3%sDgtd | Cin Un Term 55" | CCC&StLrf 415877 CCC&StLrf 5563 D CCC&St L rf 63°41C ;(‘lev E11113%5'65 | Clev Un Ter 4 | Clev Un Ter 53 | Colo F & 15843 }(‘nlu&bol‘»s 8 ColummnG&Eu ‘ 2 May __ Columbia G&F 557612 | Colum Ry P&L 4563 Homchredu 3% 8’51 ‘(‘om Inv Tr3i:s'51 _ *| Conn R&L 415531 st Conn R Pw 33,561 A. ‘46 Consol Oil 335 ‘51 Consum Pwr 31(s'66. Consum Pwr 31;8'70. Container deb 5s 43 Container 6346 | Crane Co 31,851 991, | Crown Will P 65’51 _ 1041, | Cuba Northn 515842, 491, | Cuba RR 1st 5552 50 IDfl\lon P&L 315860 1041 | Del & Hud ref 4343 _ | Den & R G con 4536 |Den&RG 42 |Pen&RG W Den & RGW | Den& RG ref 53 | Det Edison 4225 61 D | Duquesne Lt 3338 '65. 10 107 104% 1043 101 100 103 1013, 1082, * | Elec Auto Lite 45 Eriecons 4s'96 Erie gen 4596 Erieref 58°'67 Erieref 58" I Erie & Jersey 6s Fond J&G 4s " Gen Cable 51847 ¢ | Gen Mot Acc 3s°45 i | Gen Mot Acc 3% s '51_ Gen Stl Cast 515549 Goodrich 43,556 Goodrich 654 Goodyear T&R 5s ' Grt Nr Ry 3867 Great N Ry 4346 G GrtN Ry 4s'46 H ___ IGrt NRrf4ls'61 A Grt NR gen 41;8 D |GrtNREn 41,817 E |Grt NR 51852 B __ Gulf M& N 58 50 Gulf Sta Stl 4155 '61_ Gulf States Util 4566 | Gulf Sta Util 41;5'46 Har Ry P C1 at4s’54. | Houston Oil 5% s *40 _. Hudson Coal 5s = Hudson Co G 18t 55'49 Hud & Man inc 5s * | Hud & Man ref 55 '57. 111 Bell Tel 31387 111 Cent col tr 4= 111 Cent ref 4s 111 Cent 4%s '66 1ICC&St L'N O 53 111 Steel deb 4358 °40_ Ind 111 & Iowa 48 '50._. Inland St13%8'61 __ IntR T Ist rf 5’66 . IRT 1strf 55°66 ctfs IntR T 75'32 = Interlake Iron 4s 47 Int Grt Nr 6s'52 A Int Grt Nr5s 56 B___ Int Hydro Elec 63'44. Int Mer Marine 6341 Int Pap 15t 55'47 A__ Int Pap ref 6s Int Ry of C A 2 Int T&T cv 43,8 '39_ Int T&T 4358 | Int T&T 5555 lowa C 1st&rf 48’51 James F & C4s'39 __ j Jones&L Stl 41, 8'61A Kans City So ref 58'50 Kans C Ter 1st 48 '60. Kans G&E 41,880 Keith's 6546 Kings Co El4s'4 Kresge Found 33,847 Laclede Gas 5539 __ Laclede G 61553 C_. Laclede G 51,860 D_ Laclede Gas 6342 A_ Lake S&M So 3158’97 Lautaro Nit 19755 Leh Val Har 5s°54 Leh V NY 43840 gtd Leh V P con 452003 __ Leh V RR con 53 2003 Ligg & Myers 78'44__ Loew's 31;8°46 Liong Isl £ 45 *49 atp. Lorillard 7s'44 1 La & Ark 5569 _ L &N 1st 452003 L & N unif 45°40 L &N 4352003 C- L& N 552003 B McCrory Strs 58 McKess&Rob 5143'50. Man S 1st T3, 8'42ctfs MeC RRclt 45’45 A_. Manhat Ry 4890 __ Manhat Ry 4890 ctfs Mead Co 6545 _ Met Ed 18t rf 434868 Mich Cent 43;5°79 Mil El R&L 58 '61_ Mil E1 R&S L rf 58’71 Mil No con 418’ Minn & St L rf 48 '49_ Mo K & T 1st 48'90_. MOK&T 4s 62 B MoK & T 55'62 A Mo K & T adj 58 '67... Mo Pac 48'75__, 1000 105% 105 93 132 110 13 105'% 10415 118 9915 931, 101 103% 93 120 25% 6613 9% 858 T3 82! 106% . 103 Mo Pacb5%s 49 A___. Mob & Ohio 6538 _ Mob & Oh M div 58'47. Mohawk & M 4s'91 Monong Pub S 4% 8'60 10315 Mont Cent 65 °37 Mont Pwr 3% 8'68 Mont Tram 58’41 Morris&Essex b8 1074 98 961, 1204 108 4 110% 108 9974 1041, 108 94 105 1031, 107ty 10118 ~ 10614 '~ 1045, 61% 993, GKRTy 1053 AR 113% 112% 116 116% 1177 94y 104 102% 11415 108 T4'% 10374 1108 NY Steam 1st 5551 { North Am Ea 5",:'51 | Nor'n Pac 4138 2047 il 1017, 1 107 10434 1043, 1004, 991, 102 1013 103% 9R7y 1048, 491, 50 1033 1013, 1024, 102 10013 82 100 105 105" 931y 131 110 1125, 10115 10415 1170 993, 931, 1018 1031y 93 10214 46" 120 - 105% 10 Mh . 103 © 104% 101% 923 601 58% 51 44% 89% 103% 0% 100% 94 100% 82 1001 105 105% 93y 131 110 113 105 10415 118 991 9315 1013 10315 93 10214 103% 881y 1083 104 99 101 1011% 106”: 1045 10814 103% 103% 100% 94 100% 100% 100% 9% 9Th 9T | | | | Penn R cn 45 '48 stp ‘| Penn RR. | Phila Co 5867 | Phila & R C&1 58'73 | Port Gen El 412860 _. | Skelly Oil 4s'51 High. Low. Close. - 100% 1008 1008 103% 10313 103% 106 105 105% 106% 651 65Y% 119% 119% 122% 122% 88/% 75 994 94 92 51 Namm & Sons 6s '43_. Natl Dairy 3% Natl Dis P C 4% Natl Steel 43°65 _ ew E T&T 4148 '61_. ew E T&T 1st 58 °52 New OrlGNR 6s'83 A. ew Orl & N 4148 '52_ New Orl PS5s'62 A_. New Orl PS6s'55 B.. ew Or Ter 18t 48'5 ew Orl T&M 5s'51 1538’54 158'54A cfs. x (‘emral 3%s’5 NY Central 31,897 NY Central 33,s°46_. NY Cent con 4s'98_ __ NY Centrf 41352013 l\Y Crf4%s2013n_. Centrf 582013 NY Centcv 68’44 ___. YC LSh31;s'98 YC Mich C3128'98_ Y Chi & St L 4846 C&St Li4%8"78 __ C&St L 6%s'74 A_ NY Chi&'StL 6s°'38_. NY Dock 6838 .__. __. NY J Jisref31.s'66 C tr NYNH&H 4s Y NH & H 4s YNH&H4¢ Y NH & H cl tr 65'40 NH&Hcv 6548 NH & H 65’48 18 NH & H Cons Rys 4801 NY: \ll&]l(‘l’.ls 56, NH & H Cons Rys 48755 T & J NY O&W gen 485, Y O&W ref 4s'92 Y Putnam 4s°93 Y Rys 63’85 asst A_ Y & Rich G 6531 .. 40 143 22 8674 105 107 105% 105 106 107 Steam s '56 - Steam 1st 63 °47 NY Tel gen 4125'39 W&B 41,546 Xorth Am I North Am Ed 5569 C Nor'n Pac gen 3s 2047 lo Nor'n Pac 4’97 Nort'n Pac fs 2047 C.. Nor'n Pac 65 2047 _ Ohlo Edison 4563 | Ohio Pub S | Ont Pwr A | Oreg R | Oreg Sh Line an'46 | Oreg Sh 1,586 g1d Oreg W RR 4s 61 __ Otis Steel 418762 Pac (:;\1&! 104'% 115, 110% 111 17 119 106 R9% a8 1025 105% 1001 6% 91 1063 901y 9R1¢ 1023, & 106 Pac T&T 31,8 '66 C Para Broadway 3s Param’t Pic 34847 . Paramount Pic 65 '55 Park-Lx 612533 ctfs Tenn Co 45 ‘63 | Penn Dixie C 65" | Penn O & D 415877 PennP & L 41881 Penn RR 3% s w1 Penn RR 33870 C__ pound wl 10014 1054, 1005, 109 98 2 11 10014 105% 1007, 109, 48’81 D _ 41584 con l‘,t'fi(] Penn RR &n 412565 Penn RR deb 4155 Penn RR gen 5568 _ People G L&C 6543 Pere Marq Ist 4s ' Pere Marq 412580 Pere Marq 1st 5s°5 Phila B&W 415577 Thila B&W 471,381 Penn R Penn RR 10615 1181, 110 102' 17 118 931 945 1011, 114 1113 1001, 1023, 2814 12t Phila Elec 31,8 Phila & R C&1 6549 Philippine Ry 4s°37 PCC&St L 415842 B_ PCC&St L 55°70 A Pitts&W Va 4135’60 C Porto Rico A T 65 '42. Postal Tel & C 5s°53 Potomac EI P 3% '66 Pressed Stl Car 55 '51 Pure Oil 414850 ww_ Pure Oil 418 Pure Oil 43,850 xw __ Purity Baking 58'48_ Reading Jer C 45’51 .. Reading R 47.8°07 A Rem-Rand 41,85 Republic Stl47;s public Stl 41485 Republic Stl 4128 '61_ Tepublic Stl 5158 '54- Tevere Cop 47,856 _ R G W st ex in 4s'39 Rio G W eol 434 Roch (-RF 1! !".ulland RR 4’;5'41 Saguenay Pw 41,866 S R&G 48'33 S Fran 48'50 A F 43'50 A ctfs. Fran4l;s'78 . StP M&M ext 5343 . San A & A Pass 4s°'43 San Dieso CG&E165 Senuleo 6138546 A stp Schulco 61,3°46 B stp Seabd A L rf 4859 cfs Seabd A 1. 6545 A Seabd A-F1 68’35 A ct Sharon Stlcv 4 1 Shell Un deb 3138 '51. de: kel Socony Vav 315,50 South Bell T&T 58’41 So Colo Pwr 68 47 A _ South Nat G 412s'51. So Pac 33,846 _ So Pac col 484 So Pacref 4s So Pac 4128 '68 So Pac 4158 '6% So Pac 415 ‘81 So PacOreg 4148 A'I So Pac S F Ter 48 '50_ So Ry gen 4356 A. So Ry 5594 So Ry gen 6 So Ry 614356 So Ry St LdIV 4s'51_ S W Bell Tel 3158 '64. Stand Ol N J 35 61 Staley A E 4s 46 Studebaker cv 6s Swift & Co 3%s'50 st ca 1061 S 9Ty = 100 981% 105% 9T 1041, 117% 105% 4 1470 11202 92 109 1074 103% 103 103 10315 4 121 109 48 224% 100 1041 117% 9612 9614 1123 109% pe e 5 Symgn G&G '56 xw_. Tenn El Pw 6547 A. Term As St L 48°53__ Term A StL 4%,8'39_ Texas Corp 33;8°51__ Texas & Pac 6s'77 B Texas & Pac bs 79 C_ Texas & Pac 5580 D_ Tex & Pac 1st 55 2000 Tex & P MPT 5%s 64 Third Av ref 4s 60 Third A ad in ex 55'66 Tide Wat il 3%5'52 Tol & Ohio C 3% s '60_ UnOilof Cal 68’42 A. Unlon Pac 3%s'10 Union Pac 3%8°71 Union Pac 1st 48’47 Un Pac 48’47 reg. Un Pac 1st rf 45 2008. United Drug 58 '53 U S Rubber 68 '47_ Utah L & T 5544 A__ Utah P & L 55 '44_ Util P & L 5859 ww._. Util P& L 5%s 47 Vanadium cv 5s ‘41 Ver Sug 1st 7842 ctfs VaRy 18t 3%8 66 A_. Wabash 4%s°78 Wabash 5876 B Wabash 1st 5s ‘39 Wabash Oma 3148 *41. Walker H&S 438 '45_ Walworth 485 tu 1. 10415 1171 9612 9614 112% 109% 106 de: ca; sul ar 9815 & 49'3 50% D. OIL MEN AWAIT By the Assoctated Press. week in expectation of House action on extension of the Connally hot oll law. congressional approval since the act will expire June 15. The law prohibits movement in interstate commerce of oil produced in excess of State allow- ances. It is the only means of Federal control indorsed by officials of Texas and several other producing States. the Interstate Oil Compact Commis- sion, urged quick passage. Roosevelt to ask Congress to approve extension of the interstate oil compact for two years from next September 1. Authorities of the signatory States— Texas, and New Mexico—consider the com- pact a valuable weapon in preventing oil wastage and forestalling Federal control. | East Texas were keenly disappointed that the 8-cent crude raise given that area 10 days was not general. attributed the absence of a general in- crease to Spring. | of the Bureau of Mines for the first | time since i was approximately 1,352,000 barrels a | day, mand estimate of 1, production will month because of well completions tion to keep production down virtually | to the level recommended by the Fed- eral bureau. 16 inston n kovs “oid'hens. Joa15. Moderate: market steads. dozen bunches: N large Delaware. mediun CABBAG on track plies moderate: demand mod steady. Carol 11 ers ken car on track mand fair broken cars on track crates. hest Subplies moderate, steady ually washed. 215-7 dozen. S\W%Hes moderat: Bermudas U. S commercial steady. Rampers. A0ST00: (California. bushel ham- | rived: four broken and four unbroken cars on track. Old demand moderat 100-pound sacks, No. 1 Supplies fa ket dull. Cobblers, hizher. broken and Supplies liberal; steady. Flori 2.50, poorer lower: Tug ' boxes. Wrapped. 6x6° and larger. 5027 00, one broken ida, 1.00: steady. higher. broken car on track. Floride, bushel hampers, % low as 1.50 EGH fair: bushel lower: choice, 1.25a1.50. SQUA! slow: market dull. Dampers. wrapped. | cu c fairs C., WEDNESDAY, EXTENSION OF ACT ontinuance of Connally Law Backing State Quotas Urged. AUSTIN, Tex, June 2.—The pe- oleum industry eyed Washington this Suprorters pressed for immediate Ernest O. Thompson, chairman of The Texan also requested President Oklahoma, Kansas, Colorado Producers in districts other than They large overproduction this | With record vacation motoring ex- | pected and several major producing | | States showing more hold output in line with demand. some} still believe higher prices might be | forthcoming, inclination to| Texas this month set its basic al- wable as low as the recommendation I last Fall. The allowance compared with the bureau's de- 4.000. Allowed | increase during the Oklahoma officials voiced determina- Washington Produce o Pound prints, . - tub 3400 5 prints, te-pound TS veal b. i ME Choice beef. 18a19: cal 16 Spring lamb, 4 1 trozen pork smoked ham. 25 sl bacon. STOCK —Pigs ediums, { ed ‘bacon. compound. 13'2; h calve Prices paid sk by b W o ates Bureau of nt 16723 And. dated L8RS ext potin old tom Fruits and Vegetables Sales in large lots by original receivers | o X | 1 Boxes: " Fanc, icious. 125 1005 an r: Del ~ RS c n Supplies morerate. demana amid crates. | ‘medium ack Jersev small to. !ame size. —No carlot arri size. 1.50-2 no car Truck receints moderate: sun North Dpointed type CARROTS—No Supplies moderate: di market steadv. California. | lettuce crates. 4.00-4.°5: few Texas bushel baskets, 2.00. CAULIFLOWER—No carlot arrivals: two Supplies moderate; market steads. California £0-1 poorer low as 1.50, CELERY —One Florida arrived: one Sro n and three unbroken cars on demand_fair: 10-inch dozen_: .v few 4.00 1 (‘rur< mand fair; mukrt Florida d 3801 California. “(hdividuanly ‘ Califorma arrived: en and two unbroken cars on Stupolies_moderate: demand fair {esdy, Californin, Western erates. | dozen. mostly falr quality. F50° few hizher: B-doren " 5. | NS —Two Texss Arrived: one bro- n and three unbroken cars on track, | demand fair: market | ;bound sacks. Yellow AS—No' carlot arrivals: ‘one broken r on track. Truck receipts moderate: pplies moderate: demand fair: market Eastern Shore. Virginia. bushel | Texas Teirnhones ' 2 TOBR. “hree Sotth Carolina ar- TS POTA’ ock: Supplies moderate: market steady. Maine, Green Mountains, 2400250 mostly 2 50. Ne liberal: demand slow: qnuth Carolina. _stave by No. 1 '3.00a3.25. 50 per crate. Tomato Prices Steady. TOMATOES—No_carlot arrivals; three one unbroken cars on_ track. demand moderate: market da. Jug boxes. green. ripes and wrapped. x5 and larger. < 00 x7. 1.5 rning green. ripe Tning, 2 0an.50" 6x1. WATERMELONS—No carlot _ arrivals ar on track. Suoplies light market about steady. Flor. Tom Watsons, 32-34-pound average, 28-30-pound average. R0ARS5. MIXED VEGETABLES—No carlot arriv- two broken cars on track SNAP BEANS—_No_ carlot arrivals: no rs on track. Truck receipts moderate: pplies moderate: demand fair: market North Carolina, bushel hampers. round and flat’ types, 1.00. few LIMA BEANS—No carlot_arrivals: Supplies moderate; slightly weaker, 1a3.00, poorer GPLANT—Supplies leht: | (demand market about steady. “Florida. 1%a- crates fancy. 2.00a2.25. boorer literal: demand South Carolina. bushel s greliow " crooknecks ~and white BERS_No_carlot .mvuls, ack. Supplies moder: 'mand m-rk%L steady, Gegrein snd | smlth shel baskets. Tancy. 2.50-3.00: mand fair: een. one mand fafr: market SH — Supplies no Warner Broscv 6s ‘39 ‘Wash Term 3%s'45 Westchester L 55’50 _ West Penn P 3%s'66 W Sh 1st 48 2061 reg_. West'n Md 1st 48°52_ ‘Westn Md 5% 877 __ West'n Pac 55'46 A as West'n Un 4%8°50 _. ‘Westn Un cl tr 55 ‘38 Wi W Wi 1008 100% 102 102 102 \ West'n Un 5360 Wi Wi ¥ Y High. Low. 17 101% 998, 99%, 211 101 17% heel Steel 41,8 ilkes B&E 1st 5842 2214 ilson & Co 4s°55 _ 101% iISCS&DT4s'36 . 1% is CS&DT 48’36 cfs 17 17 ngstn S&T 3% s’51. 131 130% 131 ‘ngstn S&T 45°61... 1014 101 101 JUNE 2, 1937. CARRIER INCOMES MOUNT SHARPLY $193, 982 091 Net Com- pares With $145,536,803 in Four 1936 Months. Class 1 railroads of the United States in the first four months of 1937 had a net railway operating income of $193,982,091 which was at the an- nual rate of return of 2.89 per cent on their property investment, accord- ing to reports just filed by the carriers with the Bureau of Railway Economics of the Association of American Rail- roads and made public today. In the first four months of 1936, their net railway operating income was $145,936,803, or 2.18 per cent on their property investment, and in the first four months of 1930, their net railway operating income was $233,- 942,444, or 3.51 per cent on property investment. Property investment is the value of road and equipment as shown by the books of the railways including mate- rials, supplies and cash. The net rail- way operating income is what is left after the payment of operating ex- penses, taxes and equipment rentals but before interest and other fixed charges are paid. This compilation as to earnings for the first four months of 1937 is based on reports from 138 class 1 railroads | representing a total of 235,770 miles. Gross operating revenues for the first four months of 1937 totaled $1,382,997,566, compared with $1.221, 113269 for the same period in 1936, and $1,761,623,106 for the same period in 1930, an increase of 13.3 per cent in 1937 above 1936, but 21.5 per cent below 1930. to $1,026,101,346, compared wtih $939. - 203524 for the same period in 1936, and $1,370,341.285 for the same period in 1930. Operating expenses for the first four months of 1937 were 9.3 per cent greater than in the same period of 1936, but 25.1 per cent below 1930. Class 1 railroads in the first four months of 1937 paid $119,652.292 in taxes, compared with $94,557.412 in the same period in 1936, and $116,253 - 004 in the same period in 1930. For the month of April alone, the tax bill of the class 1 railroads amounted to | $30,734,480, an increase of $4.937,790, or 19.1 per cent above April, 1936 Class 1 railroads for the month of Money for Construction Loans and Loans on Existing Properties 5% FIRST DEED OF TRUST ONLY GEORGE 1. BORGER 643 Indiana Ave. N.W. Nat’l 0350 Office Space For Rent 1,300 square feet of exception- ally desirable front space in modern elevator building in heart of business and financial district. Apply Wm. J. Flather, Jr. 1508 H St. N.W. 1753 If your present MORTGAGE MATURING COME IN and let us ex- plain how our Mortgage Refinancing Plan can lower your interest costs and set up your principal payments on & more attractive basis. As a property owner, you should know theadvanta of the Weaver plan. WEAVER BROS in¢ REALTORS Mirtgage Loan Corvespmdomt Marepolisan Lifs Insurance Compans WASHINGTON BUILDING DISTRICT 9486 Operating expenses for | the first four months of 1937 amounted | FINANCIAL, April alone had a net railway operat- | ing income of $47,807447, which, for that month, was at the annual rate of return of 2.80 per cent on their property investment. In April, 1936, their net railway operating income was $41,493,455, or 2.43 per cent on investment, and in April, 1930, was $60,882,332, or 3.61 per cent riturn on investment, NEW YORK BANK STOCKS NEW YORK. June 2 (P Yo Security. Dealers' " Association et (Quotations ‘as of = o'clock.) Bid. Bank of Man, (1%) 5 Bankers' Tr 25 Brooklyn Tr i4) = Cen Han Bk & Tr (4) Chase Nat (1.40) Chem 3k & Tr (1.80) Commercial (R) Cont Bk & Tr Empire Tr (1) First Nat First Nati_(100) Guaranty Tr (12) Irving Tr (.60) Manufacturers’ Manufacturers Asked. a5 80 1815 | Tr Title G & T {1937 Credit Sales Expected to Equal Large 1929 Total By the Ass>ciated Press. NEW YORK, June 2.—Combined re- tail credit sales for department, stores in 1937 are expected to approximate the total for 1929 and reach about $3,770,000,000, the credit management division- of the National Dry Goods Association announced today. PHILADELPHIA PRODUCE. PHILADELPHIA. June 2 (# try. White Leghorns. 17 ghickens, 1 2 —Live poul- few 1%: Spring 171815, and over 18-10 Dressed pouitry boxes. 191 s Leghorns, pounds Fowl fresh killed, in s to weight. 2% VISCOSE NAME CHANGED | NEW YORK, June 2 (#)—Effective | today, Viscose Co. will become the | American Viscose Corp., the company announced. The concern has plants | in Pennsylvania and West Virginia | and headquarters at Elmira Heights ¥ FIRST TRUST LOANS Reasonable Rates and Commissions Tyler & Rutherford, Inc. 1512 L Slleel N.W. National 0435 an Correspondent Matua) ‘Benent Life Insurance Co. and offset print- ing to suit your in- ividual demands. Day nicht service. Esti- mates at your request. 4 / NATIONAL CAPITAL PRESS W LARE LINCOLN 8000 on short notice for building your home or REFINANCING HANNON & LUCHS Morteage Loan Correspondents INVESTORS SYNDICATE . 2345 5% INTEREST CONSTRUCTION LOANS AND STRAIGHT 3-yr. LOANS Prompt Action on Applications Real Estate Mortgage & Guaranty Corporation 1610 K St. N.W. NAtL 1403 SAFE INVESTMENTS First Mortgage Notes on very conservatively ap. 6 % R aeiy uligneerin denominations ' $100" ap. General Business, Inc., Building Department 3516 Conn. Ave. Cleveland 1303-1304 OFFICE FURNITURE WE SELL, BUY OR EXCHANGE Desks Steel Files Tables Steel Cabinets Chairs Safes BAUM’S FURNITURE HOUSE 1116 Eye St. N.W. Phone NA. 2184 Let Us Prepare a Complete Program of INSURANCE Giving vou full coverage and tection against all emergencies. Nn matter what you may need. we can write it. May we serve you? J. Blaise de Sibour and Company INSURANCE BROKERS 1700 Eye St. N.W. Natl 4673 First Mortgage Money For CONSTRUCTION LOANS and LOANS ON IMPROVED PROPERTY in the District of Colambia Nearby Maryland and Virginia Prompt Action B. F. SAUL CO. 925 15th Street Natl. 2100 Straight Thre INTE 7th and Mass. Ave.,, N. W, Eighth and H Sts, N. E. REAL ESTATE LOANS on Improved Property Monthly Payment Loans or 5% Consult Real Estate Department AMERICAN SECURITY AND TRUST COMPANY Main Office: ¥IFTEENTH ST. & PENNSYLVANIA AVE. Branch Offices Member Fedoral De posit Insurance Corporation Member Federal Reserve System e Year Loans REST Seventh and E St., 1140 Fifteenth St., S W, New Issue This advertisement is not, and under no circumstances is to be construed as an offering of these securities for sale, or an offer to buy, or as a solicitation of an offer nbuynnymduuma. The offering is made only by the prospectus. (A Missouri Corporation) (] MIDWEST PIPING and SUPPLY CO., Inc. 60,000 Shares No Par Value Common Stock PRICE—$11.00 Per SHARE 'FRANCIS, BRO. & CO. St. Louis, Missouri Copies of this Prespectus may be obtsined from either of the following MACKUB IN, LEGG & CO. Baltimore, Maryland Dated June 2, 1937