Evening Star Newspaper, June 3, 1937, Page 17

FINANCIAL. CORPORATE BONDS MIXED T0 HIGHER Most Changes Fractional. New Haven Railroad Loans Ease. Bond Averagcs 10 10 Ralls Indust Ut Pen Net change. —.1 Unc. —1 +.1 Today noon. 93.2 a7 Prev. day 983 T1.6 Month ago.. 93.9103.2 988 71.1 Year ago. 91.8102.9101.8 69.0 1937 high. 99.0 104.4 102.8 74.7 1937 61024 978 70.5 1936 98.2104.4103.1 73.0 1936 86.9101.8 99.3 67.6 1932 8 40.0 64.6 422 1928 101.1 98.9102.9 100.5 10 Low-Yield Bonds. Noon ....110.7 Prev. day- 110.7 Month ago 1099 Year ago.112.2 1937 high. 1137 1937 low__ 108.4 1936 high_ 1135 1936 low.. 110.2 1928 high_ 1044 1932 low.. 86.8 (Comptled by tne Assoclated Press.) BY Lo Assoc NEW YORK, June 3.-—-Mixed to elightly higher prices ruled in the bond market during quiet trading to- day Most changes were f; though New York, New Hartford liens veered shar most swings on the downside the session. The 4s of 19 5 points from its previous sale Tues- day, the 3'.s of 1956 dropped more than 1 and the 4'.s of 1967 declined more than 2.. Moving against the others, the 3',s of 1954 gained sev- eral points. Most of these issues had staged sharp runups following the road's filing of a reorganization plan Tuesday. American Water Works 6s and Wal- worth 4s improved a bit. United States Government liens were quiet, with a few more gains than losses showing. Changes, how- ever, were extremely small There was some support for Euro- pean loans as the threat of interna- tional conflict subsided. French, Ger- man, Italian and Japanese issues found moderate backing. ctional, al- Haven & with late in 7 lost nearly CHICAGO PRODUCE NEW YORK SUGAR NEW YORK, Raw SUgar was e were setbacks un!‘ 1 Foreign ex- e, demand demand 40 Rumania I, RROVan: Honakong Montreal in Montreal NEW YORK PRODUCE. NEW YORK June 3 () —Eses & t wnd colors unchanged. L Cheese. (8.2 vau 1! nv;\ n 'r:mm ¢ steady. All fresh and frozen prices need FOREIGN MARKETS. LONDON. June (7 —Trading was quiet on the stock exchange today. Lower rices_were the rule through most of the st. Renewed rumors of a pending cut in the price of gold depressed mining issues. Oils and the trans-Atlantic group eased CGerman bonds improved and gilt-edged shares were_steadv. PARIS.—The Bourse closed with a heavy tone todav. Government bonds weakened. rentes losing 20 to 70 centimes: Bank of France 100 points. Suez Canal dropped 115 points and Royal Dutch 130. MONEY MARKET. NEW YORK. June 4 (P.—Call per cent all day; prime com- Tercial paper. 1 per cent. Fime loans steady: 60-80 days. 1'4: 4-6 months, 133 per cent. Bankers' ' acceptances = un- changed ' Rediscount rate, New York Re- serve Bank. 1'; per cent PHILADELPHIA PRODUCE. PHILADELPHIA. June 3 (P.—Live poultry, Spring chickens. fancy Plymouth Rocks. = to weight: cross-breds. Leghorns. 11-18. as white Pekins. voung Dressed poultry. old money 13: few 14 Toosters, 14-16'% RUBBER FUTUKES. NEW YORK. June 3 ().—Crude rubber futures opened easy, 2 to 33 lower. July, 20.01b; September, 23-24; December. 20.32-35. b—Bid M(:}NTREAL SILVER. MONTREAL. June 3 (P.—Silver futures opened stead,” 5 higher. July. Beptember, 44 Decemver, 44, b—Bid. + ‘\m“.n 4s 63 Norwa | Uruguay 68’64 BONDS ON By private wire direct to The Star. Approximate Transactions Today. U S Gov't Bonds. 430,000 Foreign Bonds 950,000 Domestic Bonds... 5.910,000 TREASURY. All time shown below s davlight s: on which the Exchange is now operatini 2125194953 97, 102.29 102.26 102.28 100.19 100.19 100.19 38 1951-54. 99.27 99.25 99.25 81956-! 99.21 99,17 99.21 273 1955-60 . 100.21 100.18 100.21 35 1046-48 _ 4.9 104.9 104.9 381951-55 102.20 102.26 3148 1946-49_. 104.26 104.26 31481941 o 106.14 106.14 33,5 1944-46____ 106.10 106.12 33%s1940-43June 105.19 105.21 3335 1941-43 Mar 106.13 106.14 33,5 1946-56.__. 109.26 109.27 4S1944-54 __ _ 111.16 111.17 4108-31(8"43-45_ 106.15 106.18 4%81947-62____ 1 116. 116. FEDERAL FARM MORTGAGE. 23,8 1942-47 101.22 101.18 101.18 351947_ 108.2 103.2 103.2 331949 10211 102.11 102.11 3131964 103, 103. 108. HOME OWNERS' LOAN. 2145194244 _ 99.29 99.24 99.29 23,51939-49_ 100.9 100.5 100.9 351952 __ 102.29 101.28 101.28 FOREIGN BONDS. High 991 83 Low Close. 991% 83 Abltibl Pa&Pw 5s '53 Adriatic Elec 7 Antioquia 7 Antioquia Antioauia 2d Antioquia 3d Argentine 45’72 Argentine 5%s 62 Argentine fs 69 Oct - Argentine 65’60 May Argentine 63 60 Sept Argentine 6s'60 Oct Argentine 6361 Febr Argentine 65'61 May. Australia 415 Australia 5s Austrian 7s Belgium 6s 6 Belgium 6158 '49 Belgium 7s Brazil 6 6- Brazil 6158 °27- Brazil Ts Brazil 8s 41 Brisban = Buenos A C 6s '60 Oct Buenos A C 613555 _ Buenos A C 3s 84 Beu A 414-4%,8'77 Pv Buenos A 413576 Aug Buenos A 6s'61 st Pv Candaa 31,5 '61 Canada § Chile Chile 561 Jan Chile 6s'61 Febr Chile f5°63 g Chile Mtg Bk 65’61 _ | Colombia 6s 61 Jan _ ‘olombia 6s 61 Oct__ ‘ol Mg Bk 7s'47 “openhagen 41 ‘openhazen 5s ‘ordoba 1005 1017 102 107 1031 1081 110 7 1031 1083« 109% 117% 8Tl 371 3615 4315 1004 100 1031 10814 109ty 117 | Cuba 512845 Denmark 418" Denmark Dominic 1st 515542 Dominic 5561 ext- 1 Salvador 8548 ct_ rankfort 614853 rench Gov 71 41 Bk A 6560 Oct ¢ 61es 40 125 658t _ s 49 stpd - er C Ger Rep Greek Gov 6368 _ | Helsingfors 615’60 Italy 7s ‘51 Ital Crd P W [tal PUCrd 7s Japan 5%s'65 Japan 613s '54 | Jugos Mt Bk Ts Kreug&Toll 55°59 cfs New So Wale Nord Ry 61285 1034 1064, as1. 1035 106 2 106, 1031, 106%¢ 978 1031 106 106 Norwa Norw 1031 106 106'% 7604 Pernambu, Peru 60 . Peru 6s'61 Poland 6540 Poland 7s'47_. Poland &s 50 Porto Alegr Prussia 6s Prussia 613 51_ Queensland 6s°'47... Queensland 7s "41_ Rhine W E1 P 6s Rhine W EI P 63 Rio de Jan 6%s 5 Rio Gr do Sul 65 '68__ Rio Gr do Sul 85 '46__ Rome 61,852 Sao Paulo St 7540 xon St Mtg 6155 '46 Tbs 7862 _ FHE 8RGO SIEEe Shin'su E P 6155 '52 Taiwan Elec 515871 Tokio 5%s 61 = Tokio E L Ltd 65 '53_ Tyrol Hy El 738 '55_ Ujizgawa B P 7s ‘45 Uruguay 6s'60 1107 1107 224 224 224 24% 25% 3015 % 66% 66 96Y% 4 83% Uruguay 8s 46 Vienna 6s ‘52 Warsaw 7s ‘58 _ Yokohoma 6s 61 DOMESTIC BONDS. Adams Express 45'47 100% 100% Adams Express 4348 101 101 Alleg Corp 58 '44 98%; 98y Alleg Corp 63 49 __ 938 9315 Alleg Corp 58 50 stp. 6213 Alleg Valley 4542 109 Allied Stores 41,8°50 9915 Am & For Pw 552030 77% Am Ice cv 5553 - 96'% Am1GCh5%s'49 1068 Am Intl 514849 105" AmT & T 3%s 61 9V, AmT& T 3%s 66 9874 Am T & T 414s 39 105% AmT & T 51%s 43 113% Am T F 215 555'38-'50 1360 Am Wat Wks 68 '75 107 Anaconda deb 414s'50 105% Anglo-Chil Nit 7s '67 Armour(Del)1st 48'55 Armour (Del) 4857 ... Armstrong Ck 48’50 AT&S Fe 4s'60.__ A T&S Feadj 48 '95_ A T&S Feadj 4s°95 st A T&S Fe gen 48°'95_. A T&S Fedlss 48 AT&S FeCA 41562 Atla& Ch A L 58'44 . Atl Coast L 1st 48°62 Atl Coast Liclt 48°52_ AtICLun 43%8s'64 Atlantic & D 1st4s’48 Atlantic & D 2d5s'48 _ Atl1G & W 18t 58°'59_. B&O Ist4s 48_ 10014 101 988, 933, 97’ 105% 105 105% 105% 109% 108% 9Th 10314 104% 2 1181 95% % 103% 83 26% 24% 100 881y 88l 1053 105% 9518 95% 105% 105% 85% 85Y% 63 |63 Beth Steel 3% Beth Steel 4 Bos & Me 5s'67 Bos N Y A L 48'65. Bot Con M 6%s '34 ct Bklyn Ed con 3% s'66 Bklyn Man T 4%s ‘66 Bklyn Un E1 6360 __ Bklyn Un Gas 58 '50.. Bklyn UnG 5867 B .. Buff R&P con 43’57, Bush Term con 63 '55. THE EVENING STAR, WASHINGTON, D. C., THURSDAY, JUNE 3, 1937. N. Y. STOCK EXCHANGE Bush Ter Bldg 58'60_ Calif Packing 6s°40 Camag 7s 42 ctf; Canada So 6562 A Can'dlan NR 4%s Can’'dian NR 4%s Can'dian NR 4%s Can'dian NR 4%s Can'dian N 55'69 July Can'dian P db 45 perp Can’dian Pac ¢%s 60 Can'dian P 5544 cfs_ Can dian Pac 5= '54 . Cent Ga Chat 48’51 Cent Hud G&E 68 '57 Cent Il E& G 58°51__ Cent N England 4s'61 Cent of N J 4s'87 = Cent of N J gen 68’87 Cent Pac 1st rf 45°49. Cent Pac 53’60 Cent Steel 8541 __ Ches & O 3%5'96 D. C& O con 6s'39_ Chi B&Q gen 48’58 1 Chi B&Qldlv:&%s'fl 7 Chi B&QI div 45 '49 Chi & E 111 bs '61 Chi Grt West 4s°69 _. Chi Ind & Liref 6847 CM&StP gn 4% 8’89 C. CM&StP6s'T6 = CM&StP&P adj5s2000 Chi & NW 4148 2037 _ Chi & NW 41482037 C Chi & NW 43,8'49 _ Chi & NW gen 6s°'87 . C&NW Nr W 6145 '36 &N W DP V415547 ‘hi R I&P rf 48 34 Chi R I&P gen 45 '88 _ Chi R I&P 413852 Chi R I&P 412860 Chi Un Sta 316851 Chi Un Sta 3%s'63 E Chi Un Sta 4s'44 Chi & W In con 4s'52 i& W Ind 434862 Childs & Co 5843 _ G&E3Ys'66 __. CCC&St L gen 45°93 CCC&St Lrf 4% s'71E CCC&St Lirf 58 63 D CCC&SILCW&M4s'91 Clev Short L 4% s'61_ Clev Un Ter 4%48°77_. Clev Un Ter 55’73 B Clev Un Ter Colo & So 4 %8 Columbia G & E deb 58’52 April S Columbia G & E §s '52 May Columbia G&E s '61- Colum Ry P&L 45 ‘65 Lomcl Credit 3% s 51 m [nv Tr 31,851 _ Conn R&L 425’51 st_ Cons Coal Del 53°60 _ Cons EA N Y 33,546 Consol Oil 3861 _ Consum Pwr 314566 Consum Pwr 33,870, Consum Pwr 3%s " Container deb Container 6s 16 own Will x'fis 51 Cuba Novthn 515542, Dayton P&L 3348 '60. Del & Hud ref 45 43 Den G & E i Den & R G con 45 '36_ Den & RG 41583 Den & R G ref os Det Edison 3158 '66__ Det Edison 4s 65 F__ Det Riv Tun 4138 '61_ S Tenn lien Ga 38 lec Auto Lite 48'52_ Paso N G 414551 rie ref 5875 Fairbks Morse 45 '56_ Fed Lt&Tr 5s Fed Lt&Tr Fed Lt&Tr Fla E C Ry bs ‘T4 Fond J & R 4s" Gen Am Inv Gen Cable 51 Gen Mot Acc Gen Mot Acc 33%8'51. Gen Stl Cast 514549 Goodrich 414556 Goodrich 6545 Goodyear T&R 5. Grt Nr Ry 33,867 Great N Ry 4s 46 G Grt NRy4s'46 H ___ Grt NR gen 4148 '75 D Grt NRgn412s'17E Grt NRgnbs'73C. Grt NR5%s 52 B Gulf M & N 68 50 Gulf Sta Stl 425861 . Gulf Sta Util 414846 Har Ry P C1 st4s *54 Hoe (R) 1st mtg 44 _ Houston Oil 5125 '40 Hudson Coal §s ' Hud & Man inc § Hud & Man ref 55 '57. 111 Bell Tel 3138°70 111 Cent col tr 4s [11 Cerit col tr 4553 111 Cent 4% 8’66 - 111 Cent St L 3155 '3l ICC&St L N O 4158’63 ICC&St LN O 63763 111 Steel deb 4158 '40_ Inland St13%s'61___ Int R T 1st rf 5866 IRTI1strf5s'66 ctfs IntRT 68’32 ___ Int R T 6s'32 ctfs IntRT 78°33___ IntRT 7s'32 ctfs_ Interlake Iron 4547 Int Grt Nr6s'52 A Int Grt Nr adj 6s'5. Int Hydro Elec 6s'44. Int Pap 1st 58° Int Pap ref 63’ Int Ryof CA 5s'7 Int T&T cv 4%s'39_ Int T&T 4148'52 Int T&T 5s°55 Towa C 1st&rf 48 '51 James F & C4s'39 __ Jones& L Stl 434s'61A Kans C F S&M 48°36. Kans C So 1st 3s '50 Kans City So ref 58'50 Kans C Ter 1st 4s'60. Kans G&E 41435 '80 Ky Cent Ry 4s'87 Kings Co El14s°49 __ Kresge Found s '45_ Laclede Gas 6839 _ Laclede G 6%s8'53 C.. Laclede G 54860 D_ Lautaro Nit 1976s _ Leh C&N 4348’54 A Leh Val Coal 5364 __. Leh Val Har 5s'54 Leh V P con 48 2003 __ Leh V P con 41482003 Leh V RR con 5s 2003 Ligg & Myers 78 '44__ Loew's 3% 846 Lorillard 58 '51_. Lorillard 7s'44_. La & Ark 55 69 L & Nash 3% s 2003 L & N Ist 452003 ___ L &N 4382003 C L & N So Mon jt 45’52 McCrory Strs 5551 _ McKess&Rob 61, 8'50 Manhat Ry 4s '90 ctfs Mead Co 6s "45 Met Ed 1st rf 4%!‘0! Mil E1 R&L 58’61 < Mil El R&S L rf 6571 Minn & St L rf 4s'49_ MStP&SSM cn 45'38_ Mo Il 58°59 ____ MoK &T 1st 48'90__. MoK&T4s 62B MoK & T 6s'62 A Mo K & T adj 58’67 Mo Pac 4875 Mo Pac 6365 A Mo Pac 5877 F._. Mo Pac 5878 G _. Mo Pacific 55’ 81 T Mo Pac 5s'81 I ctfs. Mob & Ohio 44877 Mob & Ohio 5s'38 Mohawk & M 4s'91__. Monong Ry 1st 4s'60 Monong Pub S 44860 Monong Pub S 6s 65 Mont Pwr 3%8'66 __ Mont Tram 51 41 % Morris & Es 3%s 2000 Morris&Essex b8 '55. Namm & Sons 6s '43__ Natl Dairy 3% s'51ww Natl Dis PC 4% 45_ Natl Steel 4865 I\-w Orl P S 68’56 B_. New Or Ter 1st 48'53. New Orl T&EM 5148'54 N Y Central 3%s '63._. - 102% High, 64 105 23 114 113% 113% 1124 116 116% 94 1027 11419 1074 110% Low. Close, 64 64 105 105 23 23 113% 114 113'% 113'% 113% 113% 11215 112% 116 116 115% 116% 93% 93% 102% 1027 114% 114'% 10712 107% 110% 110% ‘ll) 5% 101 1% 51 56 l(HUl 107% 98 12 107% 111% 107 110% 1103 384 42% 30% 5815 100 10014 943 4 1000 941y 1054 93 2 1114 1013, 106 111% 61 1061 1118, 61 100 100 99% 99 98% 10514 Ry 1 106 69 10474 1003, 100 102 10514 101% 104 9914 1041, 4815 1037 91k 108% 28y 102 S 1001 101% 1015 102v 10 101% 105% 10: 1007 B2l 100% 1017, 105% 1024 100% 82 100% 104% 1043 105t 105% 93% 938, 12915 132 110 110% 1054 105% 10415 104y 112 112 117% 1 97w 97 94 94 10313 1031 931y 94 89 89 10215 10214 1053y 1024 10078 821y 10044 105% 105% 938 132% 110% 105% 10415 112 kY 821y 10674 105Y% 68%5 6613 b 10274 1033 27 103% 5 106 101 101% 5% 21% 2 1015 1034 105% 106 88 93 106Y % 109 108'6 108% High. Low. Close. 9613 95% 96% 101% 10115 101% 9T 9676 9T 88 881 88% 887% 8B 96% 103 NY Centra) 315897 __ NY Central 3% 8’46 NY Cent con 4398 NY Centrf 4%s 2013 NYCrf4%s2013n NY Cent rf 55 2013_. NY Cent cv 6s'44 __ NYCLSh31;8'98 NYC&St L 1st 45'37_.. NYC Mich C3%s'98._ NY Chi & St L 45 °'46_. NYC&St L 5%s "T4 A- NY Conn Ist 4358 53 . NY kdison 3%s 65 D. NY G El H&P 45’49 _ \\&1hr.4' NYNH&H NY NH & H 4s NY NH & H 45 '57 NY NH & H cl tr 6s'40 NY NH & Hcv 6348 NY NH & H Cons Rys 4554 NY NH & HCR 4s '56. NY O&W gen 4855 NY O&W ref 4s'92 NY Steam 1st NY Steam 6s NY Steam 1st 68'47._ NY Tel gen 4125'39 NY Tr RK 63 '46 stp__ NY Trap Rock 6546 NY W&B 4% Niag L & O Niag Sh § Norf So 1st ref 55 '61. Norf S 1st rf5s'61 cfs. North Am Co 58 61 North Am Ed 58’57 A North Am Ed 51563 Nor'n Pac gen 3s 2047 Nor'n Pac 4597 Nor'n Pac 6s 2047 Nor'n Ry (Calif)5s'3 Ogden I, C 4548 Ohio Edison 4s Ohlo Pub Sve Orez W IR 4s Otis Steel 4148 Pac Gas & E13%s 66 Pac G & E3%s'61. PacG & E4s 64 _ Pac T&T rf 3%s '66 B Para Broadway 3s ° Param’t Pic 338 " Paramount Pic 6s Penn C. Penn Penn Penn Penn Penn Penn Penn Penn Penn Penn Penn Penn People People G L&C 6 Peoria & E 15t 4540 Pere Marq 1st 55 '56_. Phila Co 55 67 Phila Elec Phila & R C& s Phila & R C&1 6 3 T34 1056% 111y 104% 2185 10415 111% 1080 901 98 1024 106 100% 68 91 100 10214 100 105%; 1004 3 1001 10613 100 68 914 100 - 1028 105% 1007 109% a81% P&L4%s 81 RR3%S w1 RR3%s'70 C RR con 4s'48 _. RR4%s'81D _ RR 4% s §4 RR con 4y RR gn 41 106% 1181y 110% 10215 118 114 - 118 9013 101 10615 11815 2 1105 1021, 117 113 118 5 90% 101 Pitts& W Va 4' Port Gen [‘n«MIT(l&C Pressed Stl Car Prov See deb 4557 | Pure 011 43,5 5 | p | Pure Ol 41s" Pure Ol 438" Purity Baking 5s B R-K-0 6541 | Reading Jer C 4s'51 415897 H Rem-Rand 41, s'56ww Republic Stl 415 *50. Republic St 5158 RG W 1stex in4s'3) Rio G W col 4349 A_. R1A&L 1st4}s 34_ Rutland Can 45 '49___ Saguenay Pw 41,866 StJo Ry L T&P 58’37 St LIM&S R&G 4s'33 St LIM&SR&Gs'33ct 50 A . St L-S F 4550 A ctfs. St L-S Fran 41457 St L-S F 41,8'78 cf st. StLSF 0 B ctfs_ StLS W Ist4s'80___ UL S W 2d 43 '89 tLS W st ter 55 StPKCS L4841 t P M&M ext 5843 P Un Dep rf os an A & A Pass 4843 teabd A L ref 4559 __ eabd A L adj 5s'49__ Seand A 16345 A 70 36 19 21% 100% 98 2 Act haron Stl cv 4128’51 hell Un deb 318 '51_ esian Am 7s '41 Skelly Oil 4s ' Socony Vav 3128'50 . So Colo Pwr 6s 47 A_ outh Nat G 435851 0 Pac 33846 So Pac col 45’49 So Pac ref 48’55 So Pac 416568 So Pac 4%5'69 So Pac 4%s'81__ 0 Pac Oreg 4148°77... So Ry gen 45’56 A So Ry 58’04 ___ So Ry gen 6s'56 1051 891, 8813, SoRy M& O 4s'38___ So Ry St L div 4s'51_ S W Bell Tel 315864 Southw'n G&E 4s'60_ Stand Ofl N J 3s'6 Studebaker cv s’ Swift & Co3%s'50 ._. Tenn El Pw 65 47 A.. Term A StL 4% Texas Corp 34851 _ Texas & Pac 6s'7T B Tex & P MPT 51,8 '64 Third Av ref 4s 60 Third A ad 'n ex 58'66 Tide Wat Oil 3%s'52_ Un Oil of Cal 335 *52 Un Oil of Cal 6342 A Unfon Pac 3148 '70___ Union Pac 3%s 71 9614 Union Pac Ist 4s°47 _ 1121 United Biscuit bs - 108 United Drug 6s'53___ 9715 U S Rubber bs '47____ 1071 Utah L& T 6544 A__ 9815 Utah P & L 5s 44 9814 Util P& L 5S'59 ww_. 491, Ut P&L5%s8'47___ 51 Vanadium cv 5s°41__. 10214 Vandalia 45’57 B 1114 Ver Sug Ist 1s'42 ctfs 23 Va E &P 1Strf 45755 108% Va Ry 1st33s 66 A_. 1043 VaSWconbs's8 ___ 957 Wabash 1st5s'39___. 921 Wabash 5576 B_____ 33l Walworth 4s 55 - Wabash 413s'78 = Warner Bros cv 65 ‘39 Warner-Quin 65 ‘39 Warren Brev 6s41__ Wash Cent 4548 _____ West Penn P 316866, W Sh 15t 45 2061 reg.. . West'n Md 1st 45 '52_ Westn Md 5%5'77 Westn NY&P gn 4s”. Westn Pac5s'46 A___ West'n Pac 55'46 A as West'n Un 4%5'50___ Westn Un bs ‘51 West'n Un 58 '60_ Wheeling & L E 45'66 Wheel Steel 41,8 '53_ White Sew M 6s°40 __ W Sp Stl 1st 78 '35 ct_ W Sp Stl con 78 '35 nt Wilkes B&E 1st §s'42 Wilson & Co ¢s ‘55 Wis Cent 1st gn 4549 Y'ngstn S&T 4s'61 9314 98 4 1b51 101% 5 97 2 1161 1063 921 107 103% 103 108 s 106% 9214 107 10314 103 109 488 4 100 110% 117% 96% 110% 117% 9614 9614 11215 108 9TV 106% 4‘4' 5014 102! 100% 102% 100 107 9914 103'% 331% 35% 19 101} 26 101% 26 101% 101 BOSTON WOOL MARKET. BOSTON. June 3 (#).—(United States Department of Agriculture.)—Broad in- auiry was received for fleece and territcry Fools today. but actual trading, was 0w, ess was closed on medium grade brixht fleece ‘woo Country packed Ohio and ,Michigan combing and clothing combined s and be blood wool was taken by a few buyers at 41 cents in the grease, delivered East. Graded combing 3a-blood Ohio Wools were moved in_ limited quantities at 42 to 43 cents in the grease. while le-blood similar wool sold at 41 to 42 cents in the srease. | Demand was restricted rices, but numeroux bids 1 lower were made, - ELECTRIC POWER OUTPUT CLIMBS Small Increase Raises Total 12.9 Per Cent Above Year Ago. By the Associated Press. NEW YORK, June 3.—Production of electricity in the United States for the week ended May 28 was 2,206~ 713,000 kilowatt hours, the Edison Electric Institute reported today. This represented a gain of .4 of 1 per cent over the previous week's figure of 2,- 198,646,000 kilowatt hours and an in- crease of 12.9 per cent over the same period a year ago. The advance, which was contra- seasonal, carried the Associated Press index of power production, with 1929- 30 taken as 100, to 119.0, equaling the high figure for the year. Last week the index, which is adjusted for sea- sonal and long-term trend, stood at 1183 and a year ago at 107.9. The range for recent years follows: 1937. 1936. 1935.1934. 1933, 119.0 1198 1055 974 919 Low _ 1163 1020 941 91.9 80.2 The Institute’s report showed the following percentage increases in the major geographic areas: New England, 14.1; Middle Atlantic, 14.2; Central in- dustrial, 149; West Central, 69; Southern States, 168; Rocky Moun- tain, 21.2; Pacific Coast, 6.6. Washington Produce BUTTER 07 1-pound prints. 3 Ya-pound printg, 16, tub. 34. 80 score pound prints. Ve-pound prints, 35 tub, 33 MEATS—Choice beef. 18a10: calves. 15a veal 16 8pring lamb. 24. Fall lamb. vork loin UK. frozen pork 2:; smoked ham 25 sliced 1. 28 compound. sh bacon, 1512 STOCK-—Pigs 1083015 medium pounds. 10al0t Nasiy st light “a10, 5 calves, 7aRiz Prices paid shippers net {ob Washing. ton. By ed States Bureau of Agricultural EGGS. Market_ irfegular. _Government graded ezgs steady. but nearby ungraded ttled. Current receipts, t ery’ whites, 191, to aded and dated 05015 , Jiogs 10%,al] heav; Cows Standard RY prices Lezho at " unchanzed heavy. 16 to ] ¢ Frults and Vegetables. Sales in large lots by ori up to » am. tod APP ca 1 receivers no cars demand 1.60-2 00 few 570 100s licious larger. © and igher: " De- P 100s and £ o carlot arrivals: cars on track. Supplies modera moderate: marker steady. Pvramid crates dozen bunches: New Jersey. medium larze size. 1.50a2.75 small size 1 ware medium to large size 1 CABBAGE —No carlot arrivals: no cars on track — Truck receipts moderate. sup- plies moderate: demand moderate: market North Carolina_ 11.-bushe] ham- pointed t 5. few higher one no : demand steady pe: RRO broken car on vmck baskets 2 (0 CAULIFLOWER roken ~cars on CE - broken and four unbroken cars on Supplies moderate: demand mod- eady_ Califor I eight track 00: 6" dozen Onion Prices Steads. ONIONS —Ome Texas arrived: one broken and two unbroken cars on track Supplies moderate: demand moderate market steady. —Texas. 50-pound sacks }n:{n\nv;fi Bermudas. U. S. commercial. ’AS—No carlot arrivals car B track supplies Is: one broken Truck receipts moderate moderate: demand_fair: market steadv. Bushel hampers: Eastern Shore Virginia. 90-1.00; California. Telephones. 200 POTATOES —One Idaho. three South Carolina arrived: three broken and. six unbroken cars on track. Old stock: Sup- moderate: demand moderate V- tagraine. . 100-pound ains. U. 'S No. 1 falrly liberal demand mod- cady. South ' Carolina CDbbleu U 1. 3.00- her: mos SrRAWBERRIES Tricr Focel pts light supplies moderate 3 poorer. low as 2.00: nearby Mary1ood. and Vieinin mostly 2 poorer low as 2.00 TOMATOES—-Two Florida arrived: two broken and two unbroken cars on track Supplies, liberal: demand moderate: mar- ket steady. Florida lug boxes. green, ripes and " turning, wranpe and_iarger. 2.00-2 50 _poorer low as :Bx7. 1.00° 1.50. few higher: Texas. Iug boxes. green. fipes ‘and tumning wrapped. 66 and larger. 2 00-2.50 1.50-2.00. carlot HXT, ‘WATERMELONS—No one broken car on track demand moderate: Florida. Tom . 1.00-1.10: 00 arrivals: Supplies light market slichtly strong- Watsons. | pounds 26-30 pounds average. MIXED VEGETABLES—No rivals: one broken car’on track SNAP BEANS-_No carlot arrivals: no cars on track. Truck receipts moderate supplies moderate: demand moderate: mar- kei slightly stronger. North Carolina bushel hampers. green flat type. few best. 50 mostly fair to ordinary aquality, 130 om ern Aln and round type IIMA BEANS—No carlot arrivals: broken car on track. demand moderate’ m; bushel hampers. 2.5( EGGPLANT—Supnlies moderate: market bushel crates. £ hampers_ fancy. SQUASH _Supbiiex carlot ar- one Supnlies moderate steady. Florida poorer low as light: demand steady Florida, 2.00-2 liberal: demand moderate: market steadv. South Carolina. bushel. hampers _ vellow crooknecks and white wranned. 50-75 CUCUMBERS—No carlot arrivals: no cars on track. ~Supplies moderate: demand moderate: market steady_ South Carolina. bushel baskets fancy. 2.50-3.00; choice. 50 bl 1.00-1 ,’s. - mo cars on receipts modeule SuUp- plies moderate: demand moderate: market slightly weaker. _Florida. standard crates. 5-dozen, 2.50-2.60 on best stock: poorer low_as 2. O} Florida. bushel hampers, RAD0:250, NGES—One Florida arrived: seven oroken aha one unbroken cars on track. Florida. boxes. a8 to size. No. 1. 3.00-5.00; No_2. '2.75.. RAI UIT-—No carlot arrivals: broken car on_track. xes. to_size. No. 5 LEM large size, one as on track._ California. b o INEABPLEG O\ i ba. CANTALOUPES—No three broken cars on salmon meats. fumbos, 6.00: standards. 45s and 54s 4 00-4 25, BEETY — Virginia. Nortolk dozen bunch PS ACH—Nearby sections. bushel bas- 65. arrivals; Caiifornia. 368 and 455, 5.60- 00-7 ponys. Jection crates. Pl kets. o G. M. C. GETS ORDER. NEW YORK, June 3 (#).—General Motors Truck Co. has received an or- der for 300 heavy duty trucks, of cab- over-engine design, valued at $1,221,- 000, from the New York City Depart- ment of Sanitation, J. P. Little, vice president of the truck company, an- nounced. A FINANCEAL, wxs A—17 GAIN REVEALED INMEAT DEMAND Consumption During First Quarter About 9 Per Cent Above 1936. Srecial Dispatch to The Star. NEW YORK, June 3.—Meat con- sumption in the United States in- creased during the first quarter of 1937 to an average. of 1,102,000,000 pounds monthly, a gain of about 9 per cent over the 1936 average. Packing company earnings for the fiscal year to end October 31, 1937, will probably show improvement over the 1936 results, according to a new report appearing in Poor's Industry and Investment Surveys. For the first six months, ending April 31, 1937, profits were some- what higher than in the same months of the 1936 fiscal year. This trend is likely to continue. “By-products are contributing in a fairly large way to packers' profits,” continues the report. “The fertilizer division this year is yielding better earnings, and active shoe production is allowing packers to dispose of hides at profitable levels. “Of unfavorable import is the fact that the industry is faced with the highest labor expense in its history Following a 7 per cent wage increase last October, a further advance of 9 cents an hour was made in the basic rate in March. In addition, the social security act is inflicting further ex- pense on a business already charac- terized by a narrow profit margin. “This is of particular importance at this time, when costs of materials also increasing. It is true that at the present relatively high level of hog prices pork inventories acquired in earlier months are spelling substan- tial profits for the packers. How- ever, continuation of such profits fs not necessarily assured, as igher prices may cause consumer resistance, contraction in the damand for meat and subsequent price cutting” DIVIDENDS ANNOUNCED NEW YORK., June 3 —Dividends clared (prepared by the Standarc Sta orp. Extra. Special J(Jr'\ T Instruments 258 Interim Felt Co < Aric Chem 150 | Initial. | Gen Printing Ink | Bauare D Co €1 B Amer | Amer e Accumulated. Increased Am Acrichem Del Gen > Resumption. Year End. Dutch 11%¢ Mead Corn Roval er Brass Fox Brew K & Wilcox Conn River 3kg Coon W B Co Coon W B Co 7o pt SI. Fanny Farmer Candy Shops 25 Pederated Dept Stry o w o0 1.06%, Yok <6 pt sl e & Reyns pf 1 0 of Pa R Lazarus er Brass Reynolds Spring Seaboard Coml Corp Srd C Corp new pf & Standard Prod Taylor Milling U 8 Trust 00000 OOOOLOOOOPOODODNODZOD DOO | INSURANCE STOCKS NEW YORK J Security Dealers Aetna Cas (%a) Aetna In (1.60) (1.60a) Am Su Automobi Balt Ame Carolina o SN (1o Gen Life_(R0) Contin Cas (1.20) Fid & Dep (4) Firemans Nwk (.30) Frank_ Fire (la) Gen Reinsur () Glen Falls_ (1.60) Globe & Rep Conn (80) Hartford Fire Home Fire Sec Home Ins (la) Homestead (1) Knickerbocker Lincoin Fire Maryland Cas Mass Bond (3! Natl Fire ( Liberty (.20a)° Hampshire (1.60) N Y Fire Nor River Phoenix (2a) e Prov Wash (1) Revere (P) In (1.30) Rossia Ins (.66a) __ St _Paul Fire (6) Springfleld _(4128) Sun Life (773g) _ Travelers (16 U § Fire (2 5 Westchester | (1.208) - a—Als0 extra or extras &—Declared or paid so far this vear. NEW YORK BANK STOCKS NEW YORK. June 3 (®.—New York Security Dealers' Association (Quotations as of 2 o'clock ) Bank of Man (1%2) ____ Bankers Tr (%) _ Brooklyn Trust’ (4) Qen Han Bank & Trust (4) Chase Nat (1.4 & Ghem Bank' & Tr (1.80) - Commercial _(8) Firee Nat (Boston)” First National (100) Guaranty Tr (12) Irving Tr (.60) Manufacturers Tr Manufscturers Tr Title G & T FEDERAL LAND BANKS NEW YORK. June 3 (7 —Federal Lank Bank bonds: (Noon quotations ) Rate. Maturit FREIGHT LOADINGS. NEW YORK. June 3 (P.—Revenue freight car loadings on railroads reporting today for the week ended May 29 included Previous 20 week. Burlington linois ~ Oent orfolk & West Pennsy ew York Phone Total Continue Steady Increase By the Assoctated Press. NEW YORK, June 3.—A further gain of 13,840 stations on the lines of the New York Telephone Co. in May | made the cumulative increase for the first five months 66,955, the company reported today. The month’s gain compared with 11,279 in the like period last year and 7,003 in the 1935 month. In the first five months last year the increase amounted to 13,852. BUILDING SOARS FURTHER INSOUTH May Contracts Establish New Year’s High, Far Above 1936. BY the Assoctated Press. BALTIMORE, June 3.—Construc- tion activity in the South soared dur- ing the month just ended to a new high level for the year. The Manufacturers’ Record reported today that contracts awarded during May for new buildings, industrial plants, highway and bridge work and similar work in the 16 Southern States totaled $81,817,000. This figure repre- sented a gain of 6 per cent over April and 85 per cent over May of last year Work started during the five months of this year to date amounts to $348,- 598,000, a slight decrease from the same period of last year, due largely to a slackening in the pace of Gov- ernment construction activity. During May, private building de- creased. Industrial projects were off from the preceding month, but were twice as great as during May of a year ago. The outlouk for the future in the industrial field was bright. The In- dustrial Journal reported that awards in prospects totaled $30,229,000 and that among them were Louisville, Ky, $1,000.000 bottling unit for Joseph E. Seagram & Sons Portland, Tex. $1,000,000 refinery for Sinclair Refining Co. Richmond, Va., $700,000 cigarette plant for Phillip Morris & Co. Smiths Bluff, Tex, $2,125,000 ad- dition to the refinery of the Pure 0il Co. St. Lo $500.000 new umt for Owens-Illinois Can Co. Houston, Tex., $500,000 ofl tool manufactory for Bryon-Jackson Co. et CHICAGO LIVE STOCK 4 packing sows. the buicher order bo! tside buyers concentrating o yearlings scal med! 'y m w»mrv largely 10 50-15 50 Rrassers to killers Steers market 660-pound grassy heifers lower for week. while g at a new high on | bulls fow_selec offerings, .00 light fe slow ders to Sbeep. 11.000 including 5.000 ibs and Spring lambs active na ambs_ 12 00-13.00- lambs “first there | per cent sort sheep stead 10-2 | rest, MACHINERY SALES MANTAIN RISE May Total Remains Near High April Levels, Re- port Shows. 3pecial Dispatch to The Star. NEW YORK, June 3.—Although several industrial centers report a slight falling off in activity during the last few days of the month, the total sales for May promise to be close to the high April level, says American Machinist. The continu- ance of strike trouble is having a disturbing effect on business con= fidence but does not seem to be affect- ing sales of production machinery probably because potential buyers look to plant modernization to offset higher labor costs and lowered efficiency. In the East, New England reports a very satisfactory May even though the April level was not reached, and expects a flood of business in June, New York reports no faliing off in orders and continuing good prospects, Much the same story comes from Pittsburgh although here there has been a slight recession in orders. Cleveland is seething with labor un- practically every plant manage= ment having to spend a lot of its valuable time negotiating with this, that or the other union group. Detroit says that the machinery business quieted down toward the end of May but that important inquiries continue to pour in. Considerable business from the tool and die com- panies which are becoming very busy is expected shortly. Toledo comments on the continuing demand for machine tools and says that new programs are coming to light almost daily. Cin- cinnati machine tool builders are now placing shop orders for January and some of them report much lost busie ness because of inability to deliver, In St. Louis the labor front is quiet, all of the major strikes having been settled with C. 1. O. recognized for barg:.aing. May was somewhat quieter in orders and June is expected to be still more quiet. Opinions differ in Chicago. Some distributors report a reaction caused by strikes, others say that the high April level has been maintained. Small buyers seem to be more affected than larger ones. Mil- waukee has been bothered by labor demands which have set business back all over the city and the sur- rounding industrial area. LONDON BANK REPORT. Resertes deposits REAL ESTATE LOANS RESIDENCE and 0 SMALL BUSINESS PROPERTIES. FRED T. NESBIT 1010 VERMONT AVE. DISTRICT 0392 Money for Comlruchon Luam FIRST DEED OF TRUST ONLY GEORGEI. BORGER 643 Indiana Ave. N.W. Nat’l 0350 FIRST TRUST LOANS OFFICE FURNITURE WE SELL, BUY OR EXCHANGF. Desks Steel Files Tables Steel Cabinets Chairs Safes BAUM'S FURNITURE HOUSE 1116 Eve Phone NA. 2184 Long-term REFINANCING Lowest Rates . 3-Year Con- struction Loans . . . 5/0 BOSS & PHELPS MORTGAGE CO. Loan Correspondent John Hancock Mutual Life ins. Co. 1417 K St. N.W. NA. 9300 Safe Investments First mortgage notes, 6% A Washington and near- $500 up, Interest 6% per anfium. Bradley, Beall & Howard, Inc. Southern Bldg. Phone Nat. 0271 well secured on con- by Maryland. Denominations of Established Nearly 40 Years We Have a Few 6% First Mortgage Notes Available Further Information Consult SHANNON & LUCHS 1505 H St. N.W. 2345 For Natl. PROPERTY MANAGMEMENT TRUST FUNDS find approved investment in our FIRST MORTGAGES The liberal interest is definitely fixed and the security is in im- proved real estate Over Forty Years of Experience We'll be First Mortgage Investments National M OR TG A G glad to consult with you. B. F. SAUL CO. 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