Evening Star Newspaper, June 4, 1937, Page 17

FINANCIAL. Domestic Bonds 7,110,000 | TREASURY. All time shown below is davlizht s on which (he Exchanee s now aperat Small Advances Prevail Also Among Corporates—For- eigns Quiet. 10! a9 99 100 104 102,26 101 106 r 106 106 3N 106.2 16 Bond Averages 1944-46 S 1041- 338 194 45194451 41gs- Net change 1 Today. noon 93.4103.2 Prev. day 934 103.1 Month ago_. 9421033 1937 high . 99.0 104.4 1028 1937 low __. 92.6102.4 978 1936 high._. 98.2104.4 103 1 1936 --- 8691018 093 1932 low___ 458 40.0 646 1928 high___1011 98910 10 Low-Yield Bonds. 1109 P y 101 14 983 30 98.3 990 106 f 11115 106,18 115.30 FEDERAL FARM MORTGAGE i 101.21 101.21 101 103.2 102,14 - 103, HOME OWNERS' 1214 0929 V40 10010 106 15 102.9 101.7 10 102,11 103, 10 102 103, low 422 LOAN. 99,29 09 29 1009 1022 Noon Month ago ! Year 1937 high_ 1137 19. 1 1936 high_ 1135 1936 044 1032 ¢ 1009 102.1 FOREIGN BONDS. High 100 Low Close, a91, 100 124 1 e 1 1202 a1 1015 101 10174 100% ar, 1018 101 10174 NETIN NEW YORK prevailed today, wit and dom 6560 May K tine 6s ‘61 Kebr ne 6861 May. <1017 . 107 % 108Y5 1091 Bk e se rangi in tt tior ed about erign Pow a1, New a were and Ha po Fore! held to Auto Production Drops to 106.136 Level for Week = DETROIT raotive Rep: that automobile current, w lcompa ing placed ¢ ile Mtg Bk 6561 eMig B Mt ean M 1 Mtg Bk T penhage week CYAR YORK BANK STOCKS YORK. J THE EVENING N X Callf Packing 5%'40__ | Camag 73 42 ctts Can‘dian NR 4%5s'51. Can'dian NR 415857, Can'dlan N 58'69 July Can'dian N db 61,s'46 Can'dian P db 4s perp 10 dian Pac 415546 Can'dian Pac 41, s'60 Can'dian Pac bs CaroC1& O i Centof Garf 515 Cent 1l K& G bs Cent 1Lt 3%,='66 Cent N England 4s'61 Centof N J 4s'87 Centof N J gen 6s'87 Cent Pac Ist rf 4s'49. | Cent Pac &s'60 & | Champ P&F 4% 57502 ‘1‘!!(’!&03‘1!")8 D Ches& O3 C&Ogendl;s” C & O con bs '3 Chi B&Q ren 48 Chi R&Q 4757 [ Cni B&Q ref a8 71 Chi B&QLAiv §1s 49 Chi B&QI div 4549 Chi& B 6s'51___ |oni & B 1165751 ctes. | Chi Grt West 4s 50 Chidnd & Ivef 65747, Chi 1& L gen 6266 M&S(P gn 41,589 C. PM &SP 5875 M&SP&P adj Chi& NW gen 4 hi & NW 4735 2037 Chi& NW 498’4 Chi & NW gen bs ‘87 Chi& NW rf 6s CENW Nr W 6lss’ Chi R I&Prf 48 Chi R I&P rf 483 Chi 1 I&P gen 45 °88 ChiR &P 48 Chi RI&P 47,8 Chi I I&P 475860 Chi Un Sta TR Chi UnSta33,s'63 B Chi& W In con 4s '52 Chi& W Ind 41,862 Nin G & E 375 66 “in Un Term hs St L, ge CORSUL vt 4) nTer n Ter 04158 '80 ___ 1 G & Edeb April ihia G & E 5 May umbia G&F nsol Oil Consum Pw nsum P un Conusum Pwr ! Consum Pwr ? Crown W Cuba N Cuba RR E Del & Hud ref 4543 Den & 1R G con 48 Den& G4, Den& R G W os Den & | Wi Den & | 3 Des M&Ft D 4y’ Det n § 2 E Det Riv Tun 4145 61, Duquesne Lt 31,5 65 Elec Auto Lite 4s | El Paso N G 4155 Kriecv 48’53 B_ ie cons 4% "06_ ie gen 45 ‘96 ref s A7 ref 68°75__ airbhs Morse 4s " &Tris's P | Gen Am Inv ss Mot Acc Mot Acc L Gen St1C FED Nor g - 106 106 CHICAGO CHICAGO. June + ks PRODUCE ezho Pl¥mo 68 irdo Sul b oSul Ts'66__ 26 26 10 1o C6Y ilo St 6568 281, 21% 441 105% 20 9114 44n 44 - 10514 105% Warsaw 7s '3 By 443y Westphal B U. S. TREASURY POSITION. he Asso; DOMESTIC BONDS. Adaimns Express 4547 100% 1003, eg Corp i '44__ 99Tx 988, % Corp 5s 49 ____ 93 : rp 5s 00 Sip - Allied Stores 43,8 51 Am & For Pw 5s 2030 Am1GChbls 4 Am Intl Am Am AmT & AmT & ated Press. Receipts 10 $4ART NS 4338 ¢ exp i AO.R14 165 T 10674 1063 1054 10 105% 105 1131 11381 Am T K 1391, 18915 Anaconda deb 4 105% 105% Anglo-Chil Nit Ts 34% 33 | Armour(Del)1st 4s 9 97 10 106 NEW YORK PRODUCE. NEW YORK. June 4 asier. Creamery. higher cores) 20 hanged Cheese. Eggs hanged Live poult owl._ colore B3 other ¢ BY express. s a: crosses 19 Beenorn 7 Dressed rozen bric Bu han extra 11 s Other | Armour (Del) 4s 2 - | Armstroug Ck 4s 106 A T&S e ds 05 1061, A TS Ie 4509 106 106 AT& adj 4s " 106 106 zen 4895 1100 109% gn4s 85 g 108 108 ATES Fedlys 48 1083 1081 Atla& Ch A L 5s'44 . 111k 1111, Atl Coast L, ISt 45’52 Atl Coast L clt 4552 | AUC Lun 41864 Coast Line 5545 antic & D 1st4s'48 antic & D "48 G & W 1st55°59 SU& Nor 5541 B & O 1st 4548 B&O 41,5 60 _ B &O 1815548 B& O ref 5s 95 A B&O5s'96 F - O ref 532000 D_ Oref 63 95 C & O PLE&W V4s'41 B & O Swn s 50 Banz&Aroos 48 ‘61 __ Bang&Aroos 4s'51stp Bang & Aroos 5543 Bell Tel of Pa 55’60 C Beth Steel 3%s 66 | Beth Steel 43560 _ Bos & Me 4% 561 J__ Bos & Me 6s'5h Bot Con M 614534 Bklyn Ed con 3% s Bk Bklyn Un El 6550 _ Bklyn Un Gas 55’4 Bklyn Un Gas 5s 50 Bklyn Un G 58 57 B Buff R&P con 4% 8’57 Bush Term con s '35 Bush Ter Bldg 5560 to firm Broilers, Reds Fowls. colored 1 All fresh ady 92% 9 10442 10415 48 48 MONEY MARKET. NEW YORK n—Call tends per bercial pa: tead ave ', per cent: bankers hanged: rediscount ra erve Bank. 1'z per cent Tune 4 pe time loans / to months 1065 106'% Mo T4N 113% 113% 85 B4Y B Bag 844 B4y 9TH 97N 103% 108% 104% 104% 10615 106% BT 1110 111w 113% 84 843 B4 973 103% 1018 10614 11 111 125 951 103% 79 R3% 2614 100% 881y 1035 114 95 RUBBER FUTURES. | NEW YORK June 4 P Crude rubber lower v 5%al% 60 September, 9.73a19.7R: December. 19.85a19.90 & & & = B B B MONTREAL SILVER. MONTREAL. June 4 P pened steads 3 10 10 jower ptember. 44.7b. December. b—Bid Silver futures July. 44.87b 14.87b. PHILADELPHIA PRODUCE. PHILADELPHIA o ry unchanged. Dressed dry-picked. 14 Top " erades a1, 20%2: 90, June 4 @ 26% 100% 1001y 88% 88 106 1035 114 114 9514 95 4 105% 105% 105% RE% B8 RHN 62l 6213 621 65 64 65 —Live poul- old | "Eggs steady 1904 cases | Ohio Public Service Co.—Preferred hare earnings. 12 months ended arch 31, were $18.67 against $14.60. | ’ " | Jones&! Ga & Ala Goodrich 435s" Goodrich £ Gond § Goth Silk H i GreNr R ates Util 45'66 1f Sta Util 432546 | Hoe (R) 1st mtg 44 Houston&TC 15 Houston Oil 5125 40 Hudson Coal is Hudson Co G 1st Hud & Man inc s 2| Hud & Man ref 5s 's 111 Bell Tel 3148 111 Cent col tr 4s 111 Cent col tr 45°5 | 111 Cent 4% s 66 2863 SULN OGBS '63_ {Inland St1 3% 861 _ Int RT Ist rf 5566 . Int RT 6s Int RT 6s Int RT 3 Interlake fron 4« Int Grt Nris 56 B Int Grt Nr s 52 A Int Hydro Elec 6s'44 Int Pap 1st6s'47 A__ Int Papref 6s° In yof CAG [ Int T&T cv 414 [ IntT&T 475575 Int T&T | Jowa C1st&rf 4n'51_. &Cdas’39___ 1435614 lJames | Kansc Kans C So st 3s i Kans City Soref 5850 Ter 1st 4s'60 B 47,580 Kefth's 6546 | Kings Co | Kresge Found 4s "45_ Iaclede Gas 5 laclede G {Laclede G 51 | LK & West Lake S&M So 3 | Lautaro Nit 19 Leh C&N 415854 A leh C&N 4155 '54 C | Lieh Val Coal 6538 Leh Val Har 5s AVNY Ist4s 45 gid h VNY 415840 gud .eh V P con 4n 2003 .h V Pcon 4182003 .eh V RR con 55 2003 2846 = ong Islrf 4549 stp_ A& Ark 5% 89 N unif 4540 N 413582003 C N Atl K&C 4s N St 1 3s'80 S N So Mon jt 4s'52 McKess&Rob 614850 | Me C RR gn 41,5'60 A Manhat Ry 4580 ___ Manhat Ry 4890 ctfs Mead Co 6545 _____ Met Ed 15t rf 43,5768 Mid RR N J 55°40_ Mil El R&L bs 61 _ Mil Bl R&S L rf 65'T1 MStP&SSM cn 4s 38 SLP&SSM 5538 gtd MStP&SSM 515544 | MStPRSSM 515578 _ Mo K & T 1st 45 ‘30 Mo K & T 4s 62 B Mo K & T 415578 Mo K & T 58 62 A Mo K & T adj bs '67__. | Mo Pac5s'65 A __ | Mo Pac 5865 A ctfs _ | Mo Pac 5817 Mo Pac bs ‘77 F ctfs_. Mo Pac 5% 78 G | Mo Pacific 6¢" 811 | Mo Pac 5581 Letfs _ Mo Pac 52549 A_. - High. 105 Low. Close. | 105 23 2 11313 20 18 1% 10414 108 1A% 10214 10004 12y 1008 1038 T1ta 105 24 11314 112% 116 1001 107 100 a4 102 106% | 1118, 1043, R0) 101 9R1. s 1051, 1021 104 6% 10504 104 101 1001, 101 <103 105 104 105 19'y 0 40 37 39% 40 3714 15 STAR, High Mob & Ohio 416877 827 | Mob & Ohio 53°38 Mohawk & M 48 Monong Pub S 414560 | Monong Pub S 6% 65 Mont Pwr 3 Morris & | Mo Morr! Namm & Sons 6543 | Natl Dairy 3% s'561ww Natl Dis P C 4358 '45. Nat Ry Mex 1st 4s ‘a1 asst Natl Steel 4565 New Kng R 5845 New Jer P&L 47560 New Orl PS68°55 B_. New Or Ter 1st 4553 New Orl T&M 65’51 B New Orl T&M NOT&M 5% 5'54A N Y Central 8% s Y Centrat 315807 __ | NY Central 33546 _ NY Cent4s'42 NY Cent con 45 98 NY Centrf 475820132 NY Crfals2013n__ Cent rf i3 2013 NY Cent cv 6544 NY C LSh 315898 NY Chi & St 1, 445 _. NYC&St 1, 47,8'78 51 109% 967y NYC&St L s AL NY Chii & St 1. 6s NY Dock Ist 4551 G EI H&P 4x 49 __ NY L & W Ist 4373 NY NH & H 3125 NY NH & H 328" NY NH & H NY NH & H NY NH&H 45 455 NY NH & H cl tr 640 NY NH & Hov 6348 _ NY NH & HCR 45 "56._ O&W gen 43’ NY O&W ref 45 & | NYQueens con3 [ NY Steam 15t 55° NY Steam 53 56 | NY Tel gen 4125739 NY T'r Rk 6546 stp | NY WaB 4 | Niag Sh 52 Norf 8 gIsERs 1stref 5s 61, Norf S 1strfas’6l efs | Norf & W 1=t 458 North Am Co 65 hAm 1idhs'57 A | North Am Ed o569 C Nor'n Pac 433 2047 Nor'n Pac bs 2047 D Nor'n Pac 6s 2047 ___ Ohio Edison 4565 Ohio Pub Sve 71,846 Ont Trans 1st 584 Oreg \V RR 45 61 Pac G | Param Paramo Park-Lx 6 Parmelee 6 44 en 4s 48 <ip Penn Rt gen is 68 Pere Marq Ist 55 Phila Co bs 67 | Phila Elec 2 Phila & R C&1 5s & R C&l1 d s re Oil 414 & “ire Ol 43,8 Oil 41, % 1stex i R 1AL Ist4 Saguenay Pw 41,5 66 LLIM&S R&G 483 t Fran 4s°50 A SIPKCS 42841 StP M&M P ext 45°40 St P M&M ext 5543 San A & A Pass4s 43 San An P Sve fis'i2 A Seabd A I 4= Seabd A I.ref 4s°59 Neabd A L rf 4550 cfs Seand A 1, fis 45 A Seabd A 1. 6s 45 ctis Seabd A-F1 6535 A ot Seabd A-Flafs'diB ot | Sharon Stiev 4 | Shell Un deb Skelly Qil 4 Socony Vav uth Bell 5541 Southn Cal Gas 4565 South Nat G 473851 Pac 3%s 46 __ Paccol 4549 __ Pac ref 4s Pac 4 68 Pac 41,8 81 Pac Oreg 413 So Ry St L div 455 Southw'n G&H 15 '60_ Staley A 4s 46 Stand Oil N J 35 '61 Studebaker cv 63 '45_ Swilt & Co 33850 Tenn C&C 6s 44 B Tenn Bl Pw 6s 47 Term As St L 4s Texas Corp 5758 Tex & Pac 1st 552000 Tex & P MPT 5155 64 Third Av ref 4s 60 Third A ad in ex 5 Tide Wat Oil 3 UnEIL&PS nion Pac 32 nion Pac 313871 nion Pac 1st 4s'47 _ 2008 ‘n Pac Istrf 4 n Pac 1strf 5s 2008 United Drug 5553 __o U S Rudber 5s '47 1 1 fu 1 1 Utah L & S 44A Utah P & L 6s 44 Util P & L 53 69 ww Util P& L 51847 Va E & P 1st rf 48 '55. | VaRv1st3%s'66 A_ Va S W conbs 58 Wabash 4158 T8 Wabash 1st 5539 Wabash 5576 B Wabash 5% 75 ____ Walker H&S 43,545 Walworth 4s'55 __ Warner Bros cv 6s'39 Warner-Quin 6s°39 _ West Pa Pw 4561 H_ W 8h 1st 45 2061 grd_ W Sh 1st 4s 2061 reg_ West'n Md 1st 48’5 Westn Pac 53 '46 A West'n Pac 5546 A as West'n Un 4355’50 _ Westn Un cl tr 55’38 Westn Un 53 51 _ West'n Un 5560 Wheel Steel 48 W Sp Stl st 78’ W Sp Stl con 7s '35 et Wilkes B&E 1st 53 '42 Wilson & Co 4s WisCS&DT 48'36 . | Yongstn S&T 33551, ! ¥'ngstn S&T 45’61 WASHINGTON, STOCK EXCHANGE Low. Close. 101 103% 105% 3% 10614 65 10613 92 Y 51 55 51 1091 967y 10115 05%, 97 89 47 108 111% 112 108 1064 a0, 1020, 106 4 3| 37 183% 101% 1% 133 101% B (05 TRADE AFFECTED BY LABOR STRIFE |Losses Offset by Warmer | Weather and End of School Semester. By the Associated Press. NEW YORK, June 4 —The wide- spread influence of the strike situation was felt in some trade branches this week, Dun & Bradstreet said today in their weekly review. | However, the losses incurred due to the tenseness in labor were offset in some lines by the approach of warmer weather and the closing of the school | semester. FRIDAY, “Sales of Summer apparel | momentum vigorously.” the summary stated, “led by women's dresses, mil- linery, handbags, accessories and men's gabardine and tropical suits. | “Polo shirts, slacks, sport shoes and | straw hats all rose with the tempera- ture.” | ®ained | Leading centers, excepting the strike areas where advances were curtailed, | averaged 3 to 6 per cent above last | week. Taking the country as a whole | the increase over the 1938 comparative | | was 8 to 18 per cent | Increases at ! 1936 were: New England, 8 to 15 per cent: East, 7 to 20: Middle West, 10 to 18 Northwest, 16 to 22: South, 18 to 30: Southwest. 12 fo 18, and Pacific | Coast, 12 to 20 “New life imparted to the prin- | cipal wholesale markels this week, as the passing of Memorial day marked the inauguration of the Summer re- tail season,” the review said. “With gains in orders for some of the hard- ware, electrical and building material lines running as high as 50 per cent, | wholesale volume was estimated at 18 to 30 per cent than the cor- responding 1936 The agency reported holiday shut- downs and labor uprisings had dis- rupted production schedules, with the rate slower in many industrial divi- sions. 'DULLNESS RULES outside centers over more week Slightly Better Interest Seen in Medium Bright Fleeces, With Prices Firmer. By the Associated Press BOSTON Bulletin will in the wool There in me June 4 —Th say tomorrow market conti slightly by m bright fleeces, which are slightly firmer: in fact, one or two sales are reported at a cent advance for the week. Fine wools of the fer- ritory and Texas order. on the other hand, are barely steady and scoured wools, especially pulled types, are easier a bit “Purchases in the West this week have been comparatively few. Top- making fine and fine medium wools in Texas have been sold mostly at 93-95 cents, clean basis, landed in Boston Some average brizht merchantable 'ys and s, sold delivered basis last week At 37 cents, brought 38 cents this week The mills are gradually reducing the backlog of orders and securing little new business. Woolen mills sampling a bit and Government orders will help them some Foreign markets are easier “Mohair m Commercial Business ues slow interest very dull and is in light demand but ton Produce d prints marke nd p: [ tub. 2 MEATS ale stron Choice be 1+, Spring lamb, N frozen pork smoked ham. 75 slab bacon, uX; i1 LIVE STOCK - 101073, " me: pounds. 10al TaNla: stags 23 fresh sliced ‘bacon compound. 13'a lght hogs 120-230 sows Pigs e faa1, 10 all heavies. Nalo calves. ;ad. es paid rs. nei fob. Wash- By the cd States Bureau of al Economics Market about steady off ‘rapidly. Current receipts. 18a hennery whites. [4'2a20; Government araded and daied white eggs U. 3. extras. large. 241, S. extras. medium. U. S stenaards. large. 201, LIVE POULTRY —Market t unchanged prices. Fowl. 16a15. Leshorns. 5 chickens. crosses Ui Delaware less ens. Agnicuit | EGGS Quality about steady colored. heavy roosters. 10 Rocks. Virginia Leghorns, nds. 16: tur- 16a 13alt. Fruils and Vegetables Sales in large lots by original receivers up to X am. today APPLES—No carlot arrivals: no cars on track. Supplies light, demand slow. mar ket 'dill. Maryiand, Pennsylva Vi i and West V S No. 1—W - inch 312-inch 25 minimum, Ben Davis. ?'e-inch r 2a-inch +-inch min fowns, - inch min; mum nc num o 0 Golden Deli - -inch nch minimi 5 1.60-1.5 14458, 23505 3 2 Delicious. 1175 4-inch ‘mini- 4-inch minimum, minimum| iy Ganos 5.2 minch inch minimum Staymans. S8BT aRs, 1 S. No Winesaps, 1 60s. g Arkansas few 01 Blacks, 250 Lowrys Boxes 160s Golden 160 Tons higher: " Delicious. 100s and larger, No carlot Truck ASPARAGUS- cars on track arrivals: no receipls moderate supplies moderate: demand moderate: mar- | | ket steady. Pyramid crates, ium to large size G small size. 1.23 to larce size. 1 CABRAGE -No' carlot arrivals: no cars on ‘track. Truck receiots modeiate: sup- plies moderate: demand moderate: market steady. North Carol 1'.-bushel ham- pers. pointed type. 50- CARROTS—No carlol arrivals: ane broken car on track. Supplies light: demand mod- erate; market sironger. _California, West- ern-lettuce crates. 4 00; poorer. 4.25. Texas. bushel baskets. 1.75 CAULIFLOWER—No carlot arrivals broken ‘car on_track. mand light; marki dozen bunches, New Jersey. 1 80 . Delaware. medium one Supplies light: de- about steady. Califor- nia_crates.’ 1.50-1.7 CELERY—One Florida arrived: one broken and one unbroken cars on track. Supplies moderate: demand moderate; market steadv. Florida. 10-inch_crates, idually washed. 4-10 dozen. 3.50-3.75: JipCrates. individually washed - LETTUCE--Two California arrived: nine broken and three unbroken cars on track. Supplies moderate; demand moderate; market about California, Western crates, Icebe dozen, mostly fair quality. 3.75-4.00: 6- dozen. 2.95-2.50. PEAS——No carlot arrivals: one broken Truck receipts light: sup- demand moderate; market | about steadv. Eastern Shore Virginia, bushel hampers. mostly poor to_ordinary auality and_condition.” 80-75: California. bushel hampers. Telephones. .00 Potato Prices Steady. POTATOES—No carlot arrivals: three broken and two unbroken cars on track Old_stock: Supplies moderate: moderate; market steady. Maine. 100 pound sacks Green Mountains. U. S. No. 1. 2.50. New stock: Supplies moderate: de- mand moderate; market steady. South Carolina. _stave-barrels, Cobblers, U. S. No. 1, 3 5: poorer low as 2.75. TES—Truck receipts supplies moderate: demand moderate: mer- ket~ slightly stronger. 32-quart crates varlous varieties: Easiern Shore Maryland 2.00-3.30: nearby sections of Maryland | and Virginia. mostly 3.00-3.50: few best I 'nigh as 4.00 per crate. | car on track plies light JUNE 4, | TRADING IN WOOL 3 - | Group demand | 1937. Dividend Ordered By Fundamental Investors’ Board Special Dispatch to The Star. NEW YORK, June 4—Directors of Fundamental Investors, Inc, a mu- tual investment company, declared dividend of 25 cents a share, payable July 1, 1837, to stocknolders of record June 15. This compared with a divi- dend of 25 cents per share in the first quarter of 1937 and with the speclal vear-end distribution of $1.75 per share in the last quarter of 1936. Net earnings of the company re- | sulting from interest and dividends | received on investments owned and profits realized from sale of invest- | ments totaled $245.782.99 for the five months and three days ended June 3, 1937. As of June 3, total assets, at market value, had advanced to more than $11,000,000. Undistributed earned sur- | plus available for dividends and other corporate purposes for the first five | months of this year were $348,004.72; | | unrealized appreciation of investments was $803 and shares outstanding had increased to 467,667 from 366,209 on December 31, 1936. RAILROADS FACE - RISEINPAYROLLS |Wage Bill for 1937 Likely| to Top Two Billions, Review Declares. Special Dispa‘ch to The Star. NEW YORK, Juie 4 —Many of the problems facing the railroads over the next few years are directly or indi- rectly related to labor costs. For ex- ample, a wage increase of 5 per cent or m is possible before the end of the year, observes the Standard Sta- tistics Co. in an analysis of possible additions to railroad operating costs. The increase equal to 1 per cent of wages in taxes for unemployment in- | surance is effective this year. If the Doughton bill is enacted the pension tax bill for 1937 will be reduced from per cent of pay rolls to 2% per on earnings of individual roads can readily be computed from the follow- ing tabulation, which shows compen- sation charged to operating expenses. Total wages last year were $1,848.- | 492,422, against $1643,214.114 in 19 This vear'’s wage bill is likely above $2,000.000.000 In the following table the average number of operating employes and wages paid them in 1936 are shown for some of the larger raiiroads be Northern Hiinois ~ Central Lehizh Louis. & Nash Missours Pacific N Y Central NY NNH&H Notfolk & Wesiarn Northern Pacific nnsylvania d @5 801 n hern Pacific Texas & New Or Union Pacific Wabash WINS CAR CONTRACT. EW YORK. June 4 (P —Pressed Steel Car Co. of New York was low bidder for a contract to construct 50 all-steel subway cars for use on Philadelphia’s Southern Broad street | subway extension. The concern sub- mitted a bid of $1.575.000 to the de- partment of transit. DIVIDEND VOTED. NEW YORK, June 4 (Special).— Directors of General Water, Gas & Electric Co. have declared the regulnr‘ quarterly dividend of 75 cents per share on the $3 preierred stock, pay- able July 1 to stockholders of record June 17, . INVESTING COMPANIES NEW YORK. June s (P —New York Security Dealers Assoctation (Noon quotations.) Admin Fd*nd Inc Am Business Shrs Am Gen Eq Inc Am Ins Stocks Bancamer Blair Bankers Nat inv | Basic Industry | Broad st_Tnv | Bullock” Fund Corporate Trust | Corporate Trust AA | Corp Tr AA mod Corp T1 Accum Ser | Corp Tr Acc mod | Cumulative Tr Sh Depos Bk Sh N ¥ A Depos Ins Shis A Depos Ins Shrs B | Diversified Tr C Dividend Shrs Equity Corp $3 of Fidelity Fund_Inc First Boston Corp Fixsd Trust | Fixed Trust | Found rr Sh A Fund Investors Inc Fund Tr Shrs A | Fund Tr Shrs B | Gen Investors Ir | Group Sec Agriculiure Sec Automobile Sec Building Sec Chemical Sec Food Sec Invest Shrs Sec Merchandise Sec Mining Sec Petroleum Sec R R Equip Sec Steel Group Sec Tobacco Huron Holding Incorp Investors Insil Sec’ Bank Groun Instl SeC: Insurance | Investors Fd C Inc Keyvston Cust Fund B-3 Maior Shrs Corp | Maryland Fund | Mass Tnvest Tr Mutual Invest Nation Wide Sec Nation Wide Voting Natl Investors New England Fund N'Y Bk Tr Shrs z N Y Stocks. Bk Stocks N Y Stocks, Bldg Supply N ¥ Stovks. Elec Eauip N Corp Group | Group Sroup Group Group Group Y Stocks. Insurance Y Stocks Machinery N Y Stocks. R R Equip N Y Stocks. Steel North Am Bond Tr ctfs Nor Anmi Tr Shares Nor Am Tr §h 1955 Nor Am Tr Sh 1956 Nor Am ‘Tr Sh 1958 Plymouth Pund Inc Quarterly Income Sh Selectea Am Sh Inc Spencer Trask Fund Stand Am Tr Shrs Stand Util Inc Super of Am Tr A Super of Am Tr AA Superof Am Tr B Super of Am Tr BB Suverol Am Tr C _ Buperof Am Tr D Supsrvised Shrs Trustee Stand Inv C__ Trustee Stand Inv D___ Trusteed Am Bk B Trusteed Industry Shrs Wellington Fund = FOREIGN MARKETS. LONDON. June 4 (P —Stocks steadied today after ‘an unsettied forenoon ses- sion. Prices generally were small frac- tions lower At the close. Sharp losses in R0ld shares were partly recovered as deal ers absorbed offerings more readily, Indu: triale, (rans-Atlantics and gift-edged sues were oulet. German bonds had a firm ‘one. 5 PARIS —Price chanzes were mixed on the Bourse todey. Industrial issues closed firm while government bonds continued easy. Bank of Prance was unchanged. Suez Canal advanced 75 2. %s. The effect of these develpoments | FINANCIAL. ¥¥¥ A—17 Briggs Increases RETAILERSEXPECT e tmereases BRISK JUNE SALES , o s1 pers | Br the Assoclated Press | NEW YORK, June 4 ~Briggs Manu- {facturing Co. today declared a divi- Believe Warmer Weather | dena o Siyable dune 25 (o iock 5 of record June 15. A dividend 5 WI“ Make Up for Lag cents was paid March 31‘1 e in April, May. The company is one of the largest B3 the Associated Press, | manufacturers of automobile bodies, | with its principal plant at Detroit, NEW YORK, June 4—The coun- |try's retailers looked forward today to June weather to make up for dis- | appointing April and May sales. Preliminary estimates indicated the | gain over last year for both months was less than 10 per cent. Executives | expressed themselves puzzled, in view | of increases in workers' salaries the poor showing since Easter. hare POWER OUTPUT GAINS. ! NEW YORK, June 4 (#.—United Gas Improvement System clectrie | output for the week ended May 20 totaled 87,572,902 kilowatt hours, or up 125 per cent over the like period of a year ago, it was announced today. American Agricultural Chemical o, —Declared a dividend of $1.50 a share | on capital stock, payable June 30, | Some sources attributed it to un- | On March 31, 1937, a dividend of §1 seasonal weather and pointed out that | a share was distributed now warm days have come to most | {of the country there has been a no- | ticeable jump in demand for such | Summery goods as cotton clothing OFFICE FURNITURE | and straw hats WE SELL, BUY OR EXCHANGE Others thought that the paucity T Syl |of clearance sales after Faster be- i el o | cause of rising price trends might % bt have been the cause BAUM’S FURNITURE HOUSE Most executives thought the outiook || 1116 F¥e St N.W. Phone NA. 2184 for June good. They say, however, sales would have to reach a high vol- ume to equal the record of last year, | when the first of the velerans' bonus | payments helped trade. | In its monthly review of credit and business conditions the Federal Re- | serve Bank of New York today called Attention to the fact that stocks of | merchandise at retail valuation con- | tinued substantially higher than last vear although the average increase | was somewhat smaller than in March and April - Observers here said, however there F‘ had been so far nn evidence f t e e e TGS Trust Loans that as prices were higher than For Purchasing a Home or the Sprinz of 1936 the dollar total | of inventories would naturally ap- RE-FINANCING EXPIRING TRUSTS pear higher in proportion The review said the rate of coller- NO COMMISSION CHARGE compared with $3070.125 in May AL SIEEQUIRED | 1936 tions was better this than last [ Terms in department and apparel stores Easy r Safe virtually all localities Investments First mortgage notes, well secured on con- servatively appraised, new buildings in Washington and near- by Marylond. Denominations of $500 up. Interest 60, per annum. Bradley, Beall & Howard, Inc. Southern Bldg. Phone Nat. 0271 Established Nearly 40 Years 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 year CASH REGISTER SALES LAG NEW YORK, June 4 (P —National Cash Register Co. reported today domestic orders totaled $2 905.000 Arranged on Monthly Payments NATIONAL Permanent BUH..DII:{GW ASSOCIATION 949 NIN s TREASIRY TH STREET.NW. First Mortgage Money For CONSTRUCTION LOANS and LOANS ON IMPROVE PROPERTY in the District of Columbin Nearby Maryland and Virginia First Mortgage LOANS ON IMPROVED REAL ESTATE N At 9% Monthly Payments If Preferred Construction Loans District of Columbia, |N Nearby Md. and Virginia (NWM. J. FLATHER, Jr. ; Inc. [N 1508 H st. Prompt Action B. F. SAUL CO. 925 15th Street Natl. 2100 ON IMPROVED D. C. PROPERTY Immediate attention on your appli- cation for buying, tebuilding or refinancing. Loans repayable monthly. No charge for appraisal if loan is not made Interest charged only on unpaid balance of principal. E QUITABLE CO-OPERAT IVE B UILDING SSOCIATION 915 F STREET N.W. Organized 1879 TO PURCHASE, BUILD OR REFINANGE Interest as Low as Easy Monthly Payments as low as $7.50 per $1,000. No commissions or renewals. Taxes may be paid monthly. lnvestigate our economical losn plan. COLUMBIA BUILDING ASSOCIA 716 11¢h Street Opposite Palais Royal