Evening Star Newspaper, June 4, 1937, Page 18

XY A—18 FIN: ESTIMATES GIVEN ONTRANSIT RATES Many Passengers Would Be Unaffected by Boosts Now Proposed. BY EDWARD C. STONE. i More than 100,000,000 revenue pas- | zengers out of the 156,000,000 carried vearly on the cars and busses of the Capital Transit Co. will not be affected by the increase in fares now proposed by the company, it was disclosed today. The Capital Transit Co. has just completed an estimate of the number ofsrevenue passengers who would be affected by the proposed rate in- crease, the survey covering 12 months and being based on the passenger traffic records in the first three months of 1937 The estimate states 100.850.815 rev- enue passengers would not have to pay ANV more money in car or bus fares than they do now. This number in- cludes 76.217.89 pass riders who pay £1.25 for their weekly tickets and | would continue to pay $1.25 under | the proposed advance in fares | It is also interesting to note that | under the proposed plan of increasing | tokens from 4 for 30 cents to 4 for 25 cents, 4.321.956 revenue passengers would enjoy a decrease in their car | fares. These passengers are now pay- | ing 10-cent straight fares. They live along lines which do not permit the use of tokens The proposed advance in fares would mean an increase in street car and transportation costs to 51,036,500 | vearly riders, according to the Capital | Transit survey, including 40457124 reve passengers who do not pur- chase weekly passes. but always buy tokens. To them the proposed increase | In fares means payment of 35 cents for every four tokens they purchase Ktead of the present 30 cents for tokens Hizh Costs Halt Dividends. In the last few years the Capital | Transit Co. might have paid $6.50 per share in dividends on the stock. | ! had it not been for the steady m—i crease in wages and taxation costs, President E. D. Merrill said today At the time of the merger, Decem ber 1, 1933, two-man car operators and bus operators received 51 cents | per hour and one-man car operators | 56 cents. At the present time two- man car operators are paid 67 cents per hour and one-man car and bus | operators are paid 74 cenfs, Two-man trainmen received an increase of 4 cents hourly in March, 1934 10 cents by arbitration. effective April, 1935, and 2 cents by agreement in April 1037 Bus | in- | four of 4 cents in operators had increases cents in March, 1934; 16 April, 1935, and 3 cents in April, 1937. | One-man car operators were increased 4 cents in March, 1934; 11 cents in April. 1935, and 3 cents in April, 1937 At the same tme these employes' | wages were increased other em- plaves were substantially advanced The total cost of these wage increases | to employes from December 1, 1933, | to the present time is over $1.225000 nnually, President Merrill said In addition to the increase in wages, materials and taxes have materially advanced. Excluding Federal income taxes, the taxes of the merged com- | pany in December, 1933, amounted to | £35.390, or at the rate of about $425.- | 00 per year | For the first months of 1937, taxes exclusive of income taxes were | 5250489, or at the rate of $751,000 per | vear. This increase in taxes amounts to $326.000 annually, of which ap- proximately $200,000 represents !axr\si imposed by the social security and un- employment compensation legislation, The aggregate increase in wages and taxation compared with the year | 1933 is $1.551.000 per annum This 1< equivalent to an annual dividend of 6'; per cent. or $6.50 per share of stock Regarding div future, Preside four iend payments in the Merrill said he could not venture a statement Dividend action will depend on the rate of fa allowed. cost of operation and whether | the directors see fit to turn the earn- ings into mew equipment or make dividend payments. These are mat- ters that cannot be forecast. Earn- tngs, however, should be better this | vyear than last, with the heavy ex- | penses of irack changes out of the | way and some economies made by | rerouting of certain street cars. he | said 6.000 Ignore Dividend Checks. Cary A. Hardee. receiver of the Fed- | eral-American National Bank & Trust Co.. today announced that while divi- dend checks representing a 15 perf ceni. distribution have been ready for | delivery at the office of the receiver- | ship. 1336 New York avenue north- | west, Washington, since April 5. 193 *ome 6,000 individuals have failed to eall for their checks Mr. Hardee also stated that was | his desire to del er the checks to the | proper claimants at the earliest possi- ble moment. and asks that the de- positors call at the office, whether they | have received notice or not | Wholesale Firms Listed. | Half of the wholesale establishments | the United States in 1935 v\ere‘ corporations and they accounted for | more than 75 per cent of the whole | volume of business. according to na tional summaries on wholesale distri bution for that year made public to- | day by the Census Bureau | Of the 176,756 wholesale establish- | ments in the United States 60,306, or 34.1 per cent, were owned by individual proprietors; 20,000, or 11.3 per cent, were partnerships; 88,- 471, or 50 per cent. were corporations and the remainder came under minor | classifications. | The corporation-owned businesses, however. accounted for 77.1 per cent of the total trade volume, it was re- ported. The report, issued as Volume 1 of the United States Summary of Wholesale Distribution, includes im- portant new analyses of legal forms of organization. multi-unit whole- salers and data for auxiliary units of wholesale organizations not classi- fied as trade establishments. Today's Trading on Exchange. Georgetown Gas 5s sold at 113 on the Washington Stock Exchange today In an active market session American Security & Trust Co. stock | appeared on the board at 290 and a single share of Riggs National Bank common stock came out at 310 Potomac Electric Power 512 per cent preferred moved at 1103 and 45 shares of Mergenthaler Linotype regis- tered 463 Capital Traction 5s came out today at 89'2. The final sale was in Security Storage Co. stock, which changed hands at 114 Directors of San-Nap-Pak Manu- facturing Co. have declared the regu- lar quarterly dividend of 17'; cents per share on the preferred stock and a dividend of 10 cents a share on the common, both payable June 30 to stockholders of record June 20. in in 1935, | a TRANSACTIONS ON THE NEW., An Prev 1937 High, 55 8415 2in Rty 36 4% 801, 2218 11474 418 THn 808 121 174 1 106 20 1291, 3% 29 49 93 176% 100 41 481 820 391, 125 4% 24% 14 e 10615 213 443, 986 !:llu % 30 2074 391 891, 80V 120 21% 4 187 497 108 5t 10574 121 a7 10074 251 145 : 138 By Private Wire Direct to The Star. York markets are now on daylight saving Stock and Bales— Low Dividend Rate Add 00, High. Low. Clo: 4613 Abbott Lab (11.60) . 4612 46! 635 Acme Steel (4) 73 1 Adams Express b30¢ 1613 2413 Adams Millls (b1)__ 2 New 67'¢ Air Reduction (71) 'I‘. Alaska Jun (v60¢c) ‘s Alleghany Corp '3 Alleg pf ww §30_ « Alleg pf ww $40_ Alleghany pf xw. 35 Alleg Corp pr pf_ 31 Alleg Steel (b80c) - Allied Chem (6) _. 21% Allied Mills (b2) - # Allied Mills (b2)rt Allled Stores (bzoc) Allis-Chalm (b1) 4% Amal Leather __ 3414 Amal Leath pf (3) 90 Amerada Corp (2) 2113 Am Bank Note (11). 59 Am Bk Note pf (3)_. 57'4 Am Brake Sh (12) 952 Am Can (t4) 152! Am Can pf (7) 013 Am Car & Fy ( Am Chain & C bl Am Chain & C pf b Am Chicle (14) _ % Am Comel Al &50 CAmCrysSug b2y, 92'2 Am Crys S 15t pf 6_. 8'x Am Encaustic __ T« Am & Foreign Pwr_. 45 Am & For Pw $7 pf _ 8'2 Am & For Pw 2d pf. 16% Am Hawaiian (1) _. 612 Am Hide & Leather_ 272 Am Hide & L nf (3) 42 AmJlome Pr(i2.40) ‘4 Am Ice 'y Am Ice pf (2) x 3's Am Interntl (a40c) - 213 Am Locomotive 201 Am Mach & F (11) 9 Am Mach & Met 60c. 45's Am Metals (b 62 Am News (N Y) < Am Power & Lig CAm Pw & LUpf (5) .. Am Pw & Lt pf (6)_ 20's Am Radiator t60c__ 315 Am Roll Mill (2 « Am Seating (a Am Shipbide 4% Am 1091 An 180 Am 16004 Am a 433, 43 15 57 115 a8 1 13 4 41 ' Tohacen (B Tobacco pf (£) Type Ko Water Whs S0c Woolen o 6% Am Zinc & Lead 4470 Am Zinc&L pr pf 47% Anaconda Cop b IX Anchor Cap (60c) _ 105 Anchor Cr.p pf 7 Armour of [ll(b3ic) R1% Armour(11)pr pf 6. 572 Armstrong Cork (2) 115 Arnold Const bt 10 Artloom Corp 15, Assoc Dry Goods 4955 Assoc Invest (3) 933, Assoc Inv pf ww 64, Atch T & S Fe(a? 97 Atch T & S F pf(5) - 44'4 Atl Coast Line(al)_ All Refining (11)___ Atl Refin pt ¢4) » Atlas Corp (80c) s Corp pf (3) s Powder b1, las Tack (1) Auburn Auto 5 ' Aviation Corp Del_. 57s Baldwin Loco (d) A2 Baldwin Loco pf(d) 5 Baldwinasd (d) 20° Baltimore & Ohlo __ « Baltimore & Oh pf__ s Barber Co (b2ic)___ 231, Barker Bros Barker Bros pf 2 « Barnsdall (1) ____ 14’4 Bayuk Cizgar t75c _ 12 Belding Hemin (1) 19'« Bendix Aviat'n b50c 204 Benef [nd Ln (b95c) 5013 Best & Co (213) Bethlehem Steel (b1 1873 Beth 5% pt (1) « Bethlehem pf (7) _ ack & Decker (1) Blaw-knox (bf5c)_ x « Bocing Airplane "'« Bon Ami A (4) ____ 312 Borden Co (1.60)___ 37y Borg-Warner _____ Ri¢ Boston & Maine____ 2!y Botany Mines A (d)_ Bridgep't Brass(1) . Briggs Mfg (v2) __. 437y Briggs & Strat (3) 23 Bklyn-Man Tr (4) Bklyn-Man T pf(6) « Bklyn & Queen T pf Bklyn Un Ga 17% Brunswick-B 5« Bucyrus-Erie _ 8% Budd (EG) Mfg & Budd Wheel t 2 31 Bullard Co (ba0c) 50'x Bulova Watch (14)_ 25% Burr Add M (80c)__. 7 Bush Terminal ____ 13'% Butler Eros (60c)_ 283 Butler pf (132) 4'2 Butte Cop & “(a5c) - 2072 Byers (A M) 67% Byers (A M) pf_ 27 Bwron Jackson (1) 2% Callahan Zinc-Lead 12 Calumet&Hec b7oc 26 Campbell Wy (i1)_. 25'x Canada Dry G Ale__ Canadian Pacific __ » Cannun Mills(b50c? 3412 Carpenter SUb1.62 Case(J 1)Co (4) . 8513 Caterpillar Tr (2). 11 rese Corpblt, &l 3613 Celotex Corpt’ 40c) 8 A% Celotex Corp pf(5). 90« Cent Aguire (71%3). 2 % Central Foundry __. 18 Central RRof NJ_. 12% Cent Violeta Sug - 10 Century Rib M b20c. 60 Cerro de Pasco (4)_. 14'; Certain-teed Prd _. 2 Champion Pap (f1). 1675 Checker Cab Mfg .__ 547 Ches & Oblo 72.50__. 215 Chl Grt West (d) ___ 12 Chi Grt West pf (d) '3 Chi Mall Ord 1% _ 2 Chi Mi) St P&P (d) - 414 Chl M St P&P pf(d) 312 Chi & N W (d) 115 Chi & N W pf (d)__. 21 Chi Pneumatic Tool 614 Chi RI&P 1% pf(d) 15% Chickasha Cott'n Oil 121 Childs Co - Chrysler Corp b3 % - 187x City lce & Fuel (2)_ 3 City lce & Fof 62, - 2% Clark Equip(11.60)_ Clev Graph Br (2) __ R Cluett Peabody (3). 1224 Coca-Cola (12) ____ 194 Colgate-P-P(¥50c) . 50 Collins & Aikn (12). 19 Colo & South 1st pf_ 11% Columb G & El(40¢) 21 Columb Pic vte (1) 111 Col Carb vte (14) 56% Comel Credit (14)_ 6313 Comel Inv T (t4) 1037 Comcl Inv T pf 43 _ 13% Comcl Solv (t60c) - Comw & Southern _ Congoleum-Nrn(2)_ 3% Conn R & Lipf_ 11's Consol Cigar 34 Cons Edis N Y(t2) 103 Cons Ed N Y of(5)_. 3 Cons Film _ 124 Cons Film pf (a2) 9% Cons Laundries.. 1472 Cons Oil (80¢c) 5 Cons Textile (d) 33 Cons Coal Del vtc pf 20% Container Corp 1.20 R Contain rts June 28 27 Contl Baking (B). 50% Contl Can (3) 193¢ Contl Diamond (2) - 35% Contl Insur (11.60). 2 Contl Motors __ _. 393, Contl Oil Del (1) 62'2 Corn Ex Bank (3)_ 5474 Corn Prod Ref(13)- 6 Coty Inc - 42! Crane Co _ 1031 Crane Co cv pf (5) - 11314 Crane Co of (7) s Crane Co (rights) - 29'2 Cream of Wheat(2). 7012 Crown Cork & S(2) . 17 Crown Zellerh 8% Cuban-Am Sugar.. 5) 14 THE EVEN time, Net . chae. NING STAR, WASHINGTON D. €, FRIDAY, JUNE 4, 1937, Prev, 1937 High. Low. »(,\ Stock and Dividend Rate. 1013 Curtis Publishing_- 86 Curtis Pub pf (7) 5% Curtiss-Wright 1612 Curtiss-W (A)aS0c. 73 7315 Cutler-Ham (b1) 19 100 Cushman S pf 3 Davega cum pf 1% .. Dayton P&L pf 4% - 104% Deere & Co 26% Deere & Co p ! 41% Delaware & Hudson & Del Lack & West. 9% Det & Mackinac .. 1 60 Devoe & Rey A(13). 1715 Diamond T Mot (1). 20% Distil Corp Seag.. 3814 Dome Mines (12 47'%x Douglas Afrcraft. 2814 Dresser B (a1) » 14815 100 « 151 313, 11 21% El Paso Nat G 160 . Duluth § S & Atl Du Pont de N(b2%). Eastern Roll Mills . stman Kodak (8) Eaton Mfg (2) Eitington-Schil Elec Auto Lite § 4 Llec Boat (at0c) - < Feder : Fed Lt & Jlec&Mus 1 (al8c) ¢ Pow & Light ec Pw & Lt $6 pf c Pw & Lt $7 vf_. k Horn Coal (d) ._ k Horn Cl of (d) dicott-Jhn pf(5)_ uitable Office B e R R_ ie R IR 1st pt fe R R 2d pf .___ ka Vac (80c)- ans Prod (v1) chanze Buffet Falrbanks Co.__ banks Co pf ‘alrb’ks-Morse (11) Y Sugar (b2 Lt & Trac " pf (6) Fed Min Smelter Federal Motor(40c) Ked Screw Works Fed Water Sve A 'z Fed'd Dept Str(2) _ 541; Gen A 114 » Gah : Gen N Fidel Phoe Firestone T&R (2) First Natl Strs 1213 Flintkote Co (1) Kood Machine (1) __, Foster-Wheeler Francisco Sugar Freeport Su el Co (A) Gannettcv pf (6) Wood Ind asie. Invialsc) . King (160c) 1 Baking pf (8) on oo Mills Motors (h11) . tors pf( Outdoor £ Outdoor A Print 1 Pub Service __. Ry Signal (1) alty & Util_- fract (b2) tecl Cast nf Gen Gen teS R pf (5 Gimbel Bros Ginbel Bros pf(6) dden Co ( 1'; Glidden cv pf bel (Adolf) (B Goodrich pf (5) Goodyear T & | Goodyear cu pf( aham-Paige anhy Cons nd Union ctfs Grand Union pf bl Grant (WT) (11.40) t Northern pf ___ t Northn Ore (1) t West Sug 12.40_ t Wst Sug pf(7 een H L (11.60) reyliound (i80c) vhound pf(i5¢c) Gulf Mobile & N « i « « « « « s Hack WopfA (1%) Hall W F Print__ _ : Hamilton W pf (6)_ Hanna (MA) pf(5). Harb-Walker (1 Hayes Body Hazel \v‘akm‘ Hec 0d ¢ Hol 1 Hollander & Son(1) Home Houd-Her B (11 Househ'ld Fin pf(3) Houston Oil vie ___ Howe Sound (13) Hudson Motor Hupp Motor ____ Illinols Central _. Illinois Cent pf A ian liefin (a1) us Rayon (2) Ingersoll-I'd (b1%3) Inland Steel (v4) Inspiration Cop .- Insur Sh Md (b10c) Lnter Rap Tr vte(d) Interchemical pf(6) Intercontl Rubber__ Interlake Iron _ Intl Agricultural Intl Agri pr pf(b3) . Intl Bus Mach(i6) Intl Harvester(2lz) Intl Harv pf (7) Intl Hydro E1A __ Intl Mercantile M Intl Mining (b Intl Nickel (b1) 5': Intl Paper (A) 10915 695 3. Kress S H (1.60) Intl Paper (B) intl Paper (C) Intl Paper pf__ 2 Intl Ry C Am nf A_ Int Silver pf (b6) Intl Tet & Tel = Interstat Dp St b2 Inter DS rtsJune 8 Islard Creek (2) . Johns-Manv (i3) ... Kalamazoo S (11) : K C P&L 1st pf B(6) wans City South __ Kayser J & Co -- Kendall pf A (16) _ Kennecott Cop hi1g Keystone S&W b3lc Kinney pf (al) Kresge Dept Stores Kresge (S S) boc__ Kroger Groc (71.60) Lambert Co (2) ___ Lee Rubber (50c) Lehigh Valley Coal. Lehigh Val Coal pf_ Lehigh Valley R R.. Lehman Cor'n g Lerner Stores(t2)__ 6114 Libbey-Ow-E b75¢c - 41% 166 6614 1513 101 167 261, 58 Libby McN & L(a1). Ligg & Mvers B 14 Lima Locomotive Link Belt (12) ____. Liquid Carb (2.60) .. Loew's Inc (12) Loft Inc i Lone Star Cem (3) . Long-Bell Lumb(A) Lorillard P (11.20) Louis G&E A b374¢ Louis & Nash b2%5 _. Ludlum Steel (t1)_. McCrory Stores McGraw H P b27%e Mclntyre Porcu(2) - McKeesp't Tin P McKesson & Rob McKess & Rb pf(3)- Mack Trucks (1) 4 Macy (R H) (12) Magma Copper (2 Marine Mid (t40c) Market St Ry pr of— Marshall Field Martin (Glenn).. Martin-Parry 2 Masonite (11) _. Mathieson Alk Mathieson pf A (1)~ 4« May Dept St (3) _ Maytag Co (a50c) a31, Mead Corp pf (). 1114 Mengel Co Mesta Mach (b 143 Miami Copper_. Bales— Add 00. 5 1 132 13 108 RanSacien High, Neo Low. Close. chge. 1% 86 515 181, 72% 76 2014 103% 130 27% 421 18 1714 60 17% 86 1 - % | taxes | ported. Prev. 1937 High. Low. 853 4813 120 1614 34 251 340y 241 12% 7 407% 28 101 85 69 48 65' 59 Stock and Dividend Rate 27' Mid-Cont Pet (b50c) 341, Midld Stl Prod(12). 96 Minn-Hon Ros (2).. 11 Bales— Minn Moline Pow .. 2 Mission Corp (b1) . 2 Mo Kans & Tex pf A Mo Pacific pf (4) __ Mohawk Carp 11.20 Monsanto Ch bTjc__ Montg Ward (12)__. Morris & Esx (37%). Mother Lode al2%e. 307 Motor Prod (b1%;) 20% Motor Wheel(1.60) _ 24% Mullins B (a50c) . 881% Mullinn pf (7). 70 Murpty (G E) 3.20 11% Murriv Corp(a50c) 58% Myers (F E) (b1)_ 173 Nash Kelv (1) __ 35 Nashv Chat& St L_. 18 Natl Acme (b25¢c) _ 2 1 Biscuit (1.60) _ Natl Bond & In 1.44. %2 Natl Bnd&1 pf A(5). Natl Cash Reg (1) .. Natl Dairy Prd 1.20. atl Dept Store: Natl Dept Strs pf atl Distillers(12) _ 2 Natl En & Stpg (2 « Nat'l Gypsum Co Natl Lead (150c) Natl Mall & S C b50e Natl Pw & Lt (60c)_ Nall Steel (12%) ___ Natl Supply Co Natl Supply pf bl % Natl Tea (60c Newberry J.J Newport (nd( Y Air Brake (al) Y Central = Y City Omnibus \ 'Y Dock _ __ Y Dock pf Y & Harlem pf (5) Y Investors (d) Y NH & H (d) NY Ontario & W N Y Steam pf (6) N Y Steam pf A7) North Am Aviation. North Am Co(b30c) North Am Co pf (3). Northern Pacific___. Ohio Oil (b30c) Oliver Farm Equip. Omnibus Corp vie - Omnibis pf (8) Otis Kle Otis Steel Otis Stlevpf (575) . Outboard Mot bTac Owens-111 Glass (3) Pacific Am Fish 1.20 2 Pacific Coast Ist pf Pacific Coast 2d Pac Gas & Elec (2) P, ting ( ¢ Mills (h1) Pac Tel & Tel (§) Packard Mot (b Panhandle P&t i i vator bl araftine Cos ( afhin Paramou Paramnt 1 Paramnt Park & T tah __ 3 st (i1%). Im Corp « Patino Mines(160c) Peerless Corp ____ Penney J C) (4)____ Penn Dixie Cement.. L Glass ctfs b2 « Penn Railroad (a2). Peoples Gas Chi____ Pere Marquette e Marq pr pf a20 1 Corp(A) baoe t Pic SUDf () 4 pf 60c__ ford (2)_. P Morris(b3%) lips Petrol’'m 12 ierce Oil ot 2 Pilisbury Flour 1 60 Pitts Screw&B blsc Pitts Steel pf Plymouth Oil b7 Poor & Co (B) ___. Pos €l&C pfid). Pressed Steel Car 2 Proctor & Gam(12). roc & Gamb pt « Pub Sve N J (2.60) Pub Sve N J pf (5) » Sve N J pf (6) Iman Inc (13%). re 011 tadio-Keith-Or (d) Raybestos M (11%3) m-Rand (b35c) r & S(8) Motor Car blic Steel ere Copper s Met (11) . 10lds Tob B (3). iberoid Co (1 80) eway Stores(12) afeway Strs pf(5). e Sty afeway Strs pf(7) foseph Ld (72) St L,-San Fran (d) .. an Frof (d) T Savage Arms (b chenley Dist blly hulte R Strs (d) . Scott Paper (b6ic) eaboard Air L (d)- aboard Ofl (1) __. ears Roebuck (3)_. ervel Ine (11) haron Steel (11.20) harpe & Dohme __ hattuck F G (60c)_ Shell Un Oil (a25c)_ Shell Un Oil pf 5% —. er King (b25c) . Simmons Co (b50c) - Skelly Oil (b30c) Sloss-Sheflield Stl__ HINDE & DAUCH NET CLiMBS TO $1,435,538 Special D.spatch to The Star. NEW YORK. June 4.—The Hinde & Dauch Paper Co. whose common stock has recently been listed on the New York Stock Exchange, reports for the 12 months ended April 30, 1937, net earnings after provision for all of $1,435,538, compared with $1,176,836 for the corresponding period last year. For the four months ended April 30 net earnings after taxes were $539.342, compared with $348,709 for the same period of 1936. an increase of 54 per cent, Net sales for the four months ended April 30 totaled $7.315029, of which $2,078,927 were in the month of April. STOCK VALUES DOWN SHARPLY DURING MAY By the Assoclated Press. NEW YORK. June 4—The value of stocks listed on the New York Stock Exchange declined more than | $600,000,000 in May. the exchange re- As of June 1 there were stock issues aggregating 138916! shares, with a market value of $5 328,818,936. This compares with 1,232 issues to- | taling 1,386,653,884 shares and with a maiket value of $57,962,789,210 on May 1. On June 1, 1936, there were‘ 1,191 issues, with 1,338,740,968 shares and a value of $49,998,732,557 \ The average market value of listed | ‘ shares June 1 was $41.27, compared | with $41.80 May 1 and $37.35 June | 1, 1936. Borrowings by members of the ex- change on June 1 amounted to 2.01' per cent of the market value of all shares listed, compared with 2.05 May 1. | 1230 |} 194 | .- German patents to American in- ventors last year totaled only 941, . ' Add 00. High. Low. Close. chge. H’:h Low. 3 28 2 38% 2 105% 135 26'4 108 149 | has announced that the right of In- | ternational Net | Prev.1037 8tock and Dividend Rate. 9% Sloss-Sheff pt (6) 30% Smith (AO)_____ Snider Pkg (b1%) - 164 Socony-Vac (b2sc) - 3% South Am G & P 30c South Port Sug(12). So Cal Edison t17; _. 2 Southern Pacific Southern Ry .__ Southern Ry pf. Spalding 1st pf__ Spang Chal pf (b6) Sparks- Withing erry Corp vic(al) 120 541y 27% 2T — % 38 38% + lu 1041 1054 +2'% 13% + ' ~ Stand Brands(180c) x and Com Tobac and Gas & Kl (d) - and G&E $4 pf(d) and G&E $7 pf(d) and Ofl Callf(11). and Oil Ind (t1)_. and Ofl N J (11)_ rret (1,8) erling Prod 13,50 17! Stewart-Warn 1i0c. 14% Stokely Bros (1) _ Stone & Web(azbe)_ 3'% Studebaker Corp. __ 40°x Superheater (173) . 2 Superior Ol _ . Sweets Co of Am CSWift& Co (112 30" Swift Internatl (2) . 15'¢ Symington ww bloc 117, Symington xw bl0c. 111 Talcott (J) 60c . 10% Teun Corp (aloc) - exas Corp (2) exas Gulf Prade _ exas Gulf Sul (12) ex Pac C&O bllc 10'a Texas P LT (al0c).- he Fair_____ ‘hermoid Co 312 Third Avenue______ 5's Thompson Starrett. 16 Tide Wat As Uil 80¢ 21'; Timken-Detroit(i) 59'; Timk'n-Roll Brg(3) » Transamerica T4c ans Wst Alralic ansue & W(160c) 104’ Tri-Contl pt (6) Union Carb (3 3's Union Oil(Calif)1.20 26!, Union Pacific (6) . 2 Union Tok Car 1.60_ 3 Utd Aircraft(asoe). 15'¢ ULd Alr Lines a20c_ 69 Utd Carbon (4) . __. arr Fa X td Corp (az0e) ... td Corp pt (3) - __ ited Drug (bZic). td Dyewood (1)__ td Elec Coal _ s & Fy (12 s lmp (1) er'bd b tributing pf. S & For'n Secur S Kreight (11) S Gypsum (12) __ Indus Alcohol . S Leather vte ___ S Pipe & Fdry eally & lmp_ Rubber__ Rubber 1st el elt pf S Steel S Steel pf (7 | i & Yds (3ier- Utd Stores ( Univ Cycle 6% Univ Leaf Tob (13) Uil PwéLt (A)(d). Vadsco Sales Corp.. Vanadium Corp.__ \ mical (12). v emical 108 \“uuwur 6 6« Va Iron Coal&Coke i VileanDetin (63) 9 V.abash pf (A)(d) . Waldort Sys(71.20) 26l Walgreen Co 11 Walwol 244 Ward Baking (A) J'« Ward Baking (B)__ ~ Warner Bros Pict » Wa Quinlan(d) 6 Wa Bros (d) - 28': Waukesha Mot (1)_ 34 Wavnel 4% Webster Eisenlchr . 100 5 442 Wesson O&S (T50¢) 110 s 9 92 West Penn El pf(7) 5 5 West Pa Pwr pf (6) West Pa Pwr pf (T) Wn A 83 Western Maryland - 2!y Western Pacific.___ ix Western Pacitic pf_. 51 Westn Un Tel (3) _. 41 Westingh'se A B(1) 130« Westhse Elec (b2) 143 West'se El Ist pf b2 291 Westvaco 5%pt 1 i3 Wheeling Stesl 21°x White Motor ___ 14y White £tk M S(1.40) 44 Wilcox Oil & Gas __ 27 Wilson & Co (50c) . 44'c Woolworth (2.40) _ i2; Worthington Pump. Worth Pump pf(A) 77 Worth Pump pf(B). 6352 Wrigley W Ir (13) . 437, Yale&Towne(160c). » Yellow Tt & Coach _ i« Young Spr& W(td). tn S&T (b7sc) - /H‘Mu Radio (b1) 4 Zonite Products ___ Approximate Sales of Stocks on 11:00 AM.__ s 100 1M 10474 105 1370 T4t 45% 461, 149 149 ' NEW YORK COTTON By the Assoctated Press NEW YORK. June 4. —Early losses of 7 to 8 points in cotton today. in- fluenced by the easier Liverpool trac- ing and beneficial rains in parts of Northeast Texas, were followed by par- tial rallies on trade buying and cover- ing A little buying followed the Presi- dent’s statement there was no change in the gold policy. October recovered from 1257 (o 12,65, and in midafternoon prices were net unchanged to 4 points lower Futures closed steady. 1 to 2 higher. High Low C)mp October 2t December 1 January 1 March 1250 May 1 i Spor steady n—Nominal 2118 Dividend rates as given 1o it pasments pasea on th s Un not includs: d Compa he £ NEW By This cial setback in Summer Although year is reporting ‘ Board, 1744 stantially : This 14520 | “other la middling | covering New Orleans Prices. Previous ORLEANS. June 4 @ NEW ~Cotton drounsfl more than 50 cents a bale at the start here today under an accumulation cf selling orders induced by favorable weather and crop news and a decline in other markets _while New Orleans was closed yesterday October contracts started at 1 mber 12.61. January_ 12.66 260 and Mav at 12.74 or to 1 oints under Wednesdav's closing prices After the opening the market turned uiet, Coitonseed oil a5b: Seplember December, 9 July 016h: Bid opencd _steads §30h Oclober < Janpary. 9.35b. b islation whi | spots in INTERNATIONAL MATCH RIGHTS WILL EXPIR By the Assoclated Press NEW YORK. June 4 | tional Match Realization Co. Money Soumern E Interna- Ltd., | question Match Co. debenture holders who have not yet assented to the plan of liquidation to exchange their debentures for voting trust cer- | tificates will empire on June 21, 1937. | of the socie Debentures will not be accepted until | - holders have acknowledged receipt of the official prospectus, stated, in shall, ! 28 cents, Bales— Add 00. 408 3 1 80 4 6 27 11 108 a0s 16 1 603 the __ 110,000 12 Total Sales for the Day e above (a 100 shares year sociated T YORK and commercial loans of ve member banks advanced at a clip in the week ended May 26 than has been the case in the recent reflected dnce among business managers, quarters no possible, due methods the total is known to be sub- rger group. loans | in the latest Reserve Board statement | or 101 Week ended May 26_. week 2 cit |ECONOMIC CEJNFERENCE HELD AT RICHMOND By (he Associated Press RICHMOND. Va | deavoring to attract support for will the banking | National Economic Conference. sored by the Society for Stability and Banking ch on here today. Irving Fisher, professor emeritus of | eroncm(cs at Yale University, the program with a discussion of the “Is Inflation Inevitable?" Other nationally known economists, | bankers and business the conference. president of Bank of Virginia and ty, Aircraft-Ex-Cell-O Corp ! the company | quarter common share earnings were | against 6 mills. said volume is general chairman. FINANCIAL. YORK STOCK EXCHAVGE“SI[][]KS TURN UP Net High. Low. Close. chge * AFTER RECESSION »3Lead|ng Shares Shnft Back to Recovery Track and Volume Expands. Net char Today. no Prev. day Month ago Year ago " VICTOR EUBANK 47 10312 Dece A blo(‘k Exch!n(e Naod 50,000 e are the annu; t-yearly deciara * Annual b Paid _this or beng reorgan: LARGER GAIN SHOWN BY COMMERCIAL LOANS ress June 4. —Industrial Cash Market Federal Re- in leading cen- somewhat faster | pas confi- finan- sizabl this | the growing that no would be mal 95.1.03 seed 50 pe 23.00-30 00 comparison with last dweight to a change in by the Reserve Baltimore Quotations BALTIMORE .1 4 P Whe at the present time. June formerly known as compared as follows | .y e WHEAT les HE $3.668.000,000 (“ k< 3.624,000,000 | 9ot | |, 0TS & a METAL YORF June 4 En- “leg- repair the weak system.” the 1 spon- | E in|{$ its NEW 1 00- expo Lo min opened WELLINGTON FUND A Living Trust Fund Available in units of $10.00 a month and up. I Single and up. PROSPECTUS SENT ON REQUEST Wellington Foundation, Inc. | William Canby Mer. i Woodward Building tional 3 opened | men will join | Thomas C. Bou- | the Morris Plan | vice president | depasit certificates $300.00 | March |