Evening Star Newspaper, June 4, 1937, Page 19

FINANCIAL. THE EVENING STAR, WASHINGTON, D. C, FRIDAY, J UNE 4, 1937. CURB LIST TAKES NEVEN COURS Most Changes Toward Higher Levels in Late Trading. he Ass Lo Preks W YORK. June 4.-—Uneven pri kigher, dotted a mo erately active curb market today thoug acti i ward sprinted (N 21 a poi Workin Romery Wa Celluloid hanges fractional normally sharply were mber of ares swerved in the session. nearly 7 a le: ul Great Atla 1er way were Mon off nearly 2 and the ot rd A off about fractior BROKERAGE SYSTEM IS HELD ILLEGA Gulf O rade Commission Attorneys I sue First Ruling Under New Federal Act. B+ the Associnted Press The Pederal Trade orneys issued today nterpretation of the breg of the Commission & tk t offici brokerage f Thev rief adv that w rta ypes of prohibits “pay sed the the commission. in ate ations hre foes lire Under nterp he services performed by the urchasing Co. of New York for freds of companies. particular erchants he act the be however price discr t of broke; from sellers to buyer indirectly is hey sai violates t jon and he Biddle plan wili he commissio The said he Biddle company as the: ng agen ng from nterpreta judgment reviewed brief persons employir purcha: pay a m var ge Bidd rs broke he ompany ge fees f the ver to the buyer. The he brokerage fee to the buy legal part of the plan. the attorne from anging sales s this f ansfer hllezed U. S. Ambassador Sails LIMA, Peru June 4 P pearing Missouri, for even vears Ur 0 Peru Rith Mrs Dearin: oute to Stockholm nited S _Y CURB BONDS more ted States Amby from here for New York where he will ates Minister ssad sailed Fractional Pepperell points higher and s-Bement-Pond gained more than & Pacific added points, Robinson-Patman intended to elimi- imi- Biddle hun- food Both the by ervices 0 5 per cent the ~Fred M than 'NEW YORK CURB MARKET | By private wire direct to the Star. E on which the Exchange Is now operatins. .30 Stock and Dividend Rate. Acme W vie (2).. 258 Air Device Corp_. 1 AirInvest war _ 2 Ala GtSouth (3)_ 50s Ala Pvrpf (6) 108 6212 6215 Alabam Pw pf(7) MWs 71 71la 7114 Aluminum of Am 150s 1461y 14312 14615 | Am Airlines Inc 4, PRI Do ion | Am Capprpfaly 50s 84 84 84 | Am Centrifugal 8, an | Am C P&L B az0c 4% | Am Cynm B t60c | Am Bquita22ae | Am & For Pw ww {Am G&E (1.40) | Am G&E pf (6) Am Gen (ab0c) _ Am Gen pf (2)_ __ Am Hard Rubal_ | Am L& T 71.20_ Am Maracaibo___ & Am Superpower . 1'a | Am Superpwr pf _ 308, | Angostura(+20c) 6% Appaleh 13 P pf 7 1071 1071 Arcturus Radio 1% 1% Atk Nat Gas CCPR ] | Ark Nat Gas (A)_ | Ark Nat G cu pf | Art Met W (80c) {A | 46'c 46 2y 2y L 7R 4614 2% ] ce d- = 8 p- il, shiand Oil Asso Gas & K Asso G & E (A) VAss0 G & E $5 pf Asso Laundries Atlanta G L pf 6 | Atlas Corp war | Atlas Plywd 115 Austin Silver Avery & S Axton- L s- 105 10% 31 30% n isher A Rabeox & Wil 4 _ Bald L bd rts(d) _ Barium § Barlow&s Rath Iron Wks RBeaunit Mihioe) Bellanca Aircraft Bell Aircraft Berkey & Gay —= Berk & Gay war . | Bliss (B W) Blue Ridge (! Rowmn-Blt 1t Rrazil TL&P bi0e Rridgpt Mch b2ic | Rright Star EI B | Brill Corp pf RBr Am Oil coucl) Erown ("o pf Rrown Fence han Ruff N&F pf 1,60 Bunker Hill & S . Burry Biscuit al ee a| d of Cables & Wire R Can Hydro 1st pf Can Marconi | Carib Synd(bine) Carnegie Metals Carrier Corp _ tlin (a40c) Celanese 1st Celluloid Corp ng N —a le E 0 ee of W= it P t40c Chi Flex Shft (4) Chi Riv&M bl Childs Co pf Cities Se vs vice.__ Cities Serv pf tSv P&L $7 pf v Auto (i60c) ude Neon I.ts or vesterday en Dev 6% pf lo Fuel&l war P F A hise | G&E 0l O & G h20e dis 14 S wr Comwlth Comwlth & S Comnuty P& 1st 1 be DOMESTIC Noo <SG NSP &I omw Ed 47, omw Ed omw_Ed rengel Cc finn P&l sinn P & fiics Pow fiss Pw & I fiss River P fontr LH&P 55 ‘51 A 7wy cod ow New E G&E 5 ew E Pw Vew E Pw New Or PS 6 Y P & Lt 4'; No Ind'P S o Ind P No Ind P S 4 Norw El 65 hio Pwr hio Pub_ € hio Pb kla N G bac Coast Pw ; ac G & E Gis ac Invest' s ac P & L enn O E eop L & P 5 nla El P itis Steel fis olomac E He ub Ser N mb S N T ub S Okla g S P& pucbec p ¢ o GEE 55 an An P & S ¢ chulte Real hw W & P 41,¢ EP & L 6s 2025 ou Cal Ed 3 ou Cal Ed itdys 10034 ou Cal E 45 60 10615 0 C Gs of Cal 458 "6R 104 ou Ind Ry 4 ouw 1. & P td GAE cv 6s td G ; td G & E 6s td G & E 6 tand Tnv 5ias tand Pw & Lt uper of 114155 enn El Pw enn Pub S 5s exas Elec s eX Pw & L bs ‘b ide Wat P 35 70 A oledo Edis B 'win C R T 5i5c nit L&R D 5las *52 A Pub S 5158 46 A a Pub Ser 5 B ash W&P_ s 60 est News U fs ‘44 Pa Tr vest 55 60 T Ut 5e 5% R s '51 A 45 50 w6 B 19 60 50 10415 50 108 a1% 10510 9437 106 K1, BONDS 65 est A ‘e UGAE 5las 55 A is P&L 4556 adkin Riv P As ork Rwy Co As anzig Port fl,s penm Mt B 5s &l Su Pw 6s ted El Blas A fantiaz Chll %5 'Rl ww—With warrants. xw—Without Faghdmmaiin il e e L B £Negotiability impaired by maturity Companies reported in receivership. A 62 A~ 5 16% Cons Roval (20¢) Consol Steel Cooper Bessmer Copper | ange weld 112 Cord Corp 2 Corroon & Revn Cosden Oil () Creole Pet t50¢ Whalte ‘roft Brewing Crown Cent abe L 64 wn CK Int A1 Crown Dr (h20e) Cusi Mex Mining Darby Pet (50c) Dayton Rubber Dayton Ruh A h3 Dennison 7% pf Derby Oil & Ref_ Detrolt Gr 1 (n) Det(Mich Domin Steel Dow Chem (3) Driver Harris 113 Dubelier Conds Duke Power (1) Duval Tex atc Fagle P 1.d b20e ppiels Stove lisler Elec ( Fl Bond & Share | 1w Asso bl 1 Pw As A blie Electrog'phic ©1 Emp G&F6 15 % pf mp G&F 7% pf Emp G&F 8% pf Emp Pw pt b30c Emsco Der 11 Equity Crp a2; irop'n Kl bd r vans Wall Ld x-Cell-0 (b20¢). Fanny Farm € 1 Fidelio Brewery Fisk Rubber Ford(Can)A (1) Ford Ltd b21e Froedt cv pf 1.20 5004 Gen Fireprf b2 Gen Invest Gen Invest war Gen PhSvpf (6) Gen Tire & Ruh en WGEE pf(3) | Georgia Pw pf 6 len Alden (i1) Godchaux A (h3) Godchaux Sug B Gorham (A) Gorham vie b1.75 Grand Natl Flms | Grand Rap V (1)_ Gray Tel P'S (1) Grt A&RP T nv 16 Greenfield T&D Gulf Oil (b25¢) | Hall Lamp(b20c) Harvard Brew _ | Hecla Min ba5e_ Helena R (A) 1 Heller pf ww 1% Hires(CE)A (2) Hoe & Co Inc(A) Hollinger G t65¢ Horn & Hard 12 _ | Hud Bay M bi5c | Humble Oil(1%4). 5 | Illinols Towa Pw _ _ | Imp Oil Ltd t50c_ | Ind'n T 111 O(A) | Ind P&1 pf 6% Ins Co No Am 12 Intl HE S A war_ Intl Hy E1 S pf Intl Pete (1173) .. Intl Petr rg 135 Intl Products Intl Radio b25c_.. Intl UUI (B) Intl Util war new Intl Vita (50¢) Tnterst H M 1214 Interst P Del pf__ Ital Superpw A Jacobs Co (h50e) - Jer C P&L pf 7 Jones & Laugh St Kingston Pr40c_. | Kirby Pet (20c) _. Lake Shore (t4)_. | Lakey Foundry 2 | Leh Coal&N 30c_. Leonard Oil - Lion Oil Ref (1) _. Locke St C t80c._. Lockheed Air____ r 53n 4 1 Rl 23 43 24 11% 23 43 24 1115 | | | 5 85 34y 343 34y, 61k 6l 135 13% 1% 1% & & - S 5l BSEan 6% 49y 5 xR, 1w 1 2T 2614 5% 147 B 12% 12% 6% 4R Al All time shown below is davlight saving | Add 00. High. Low. Close. | + | Lincoln Fire 2:30 Stock and_ Sales - | Dividend Rate. Add 00 Lone Star G 80c_. & Long Island Lig. 1 Long I L pf A(7). 20s Long I Lpf B(6). 75n | Louisana Ld 40c_ 7 Lynch Corp (12) 1 Margay Oilasle.. 1 | Mussey Harris . 1 May Hos pf ww 4 Mead John'n (i) Merritt Chap & 5. Mesabl lron Mich Bumper__ Mich Sugar Minn M&M bie_. Molybdenum Monarch MT Monroe L Mont Ward A (7). Mount C (a2lc) - Mount Prod(60c) Nat Auto (h1) Nat Bellas Hess Nat BA&Sh b, N4tl City Lines Nat Contnr (1)__ Nat Leather Nat P&L pf (6) Nat Service Nat Service pf Nat Stl Car Lid Nat Sugar N J( New Hav Cl1% NJ Zine (i Newmont (3 NY & Hond b NY P&L pf (7) _ | NY el pf (615 | N Y Water Sv pf. ! Niag Hud Pw(n) Niag H P 1stpf & Niles-Bement(2) Nipissing (50¢) Noma kI (bi0c) | Nor Am L&P pr NIPS 67 pf b7 | Novadel Agne(2) Ohio Brass (B) 3 | Okla Nat Gas Okla Nat Gas pf | Oldetyme Dist Pac G&E1st 11, Pac Tin spe (12) Pan-Am Air (1) Pantepec Oil Pender G(Byaite Pennroad (a2ic) Pa P&LpL (6) 105 Pa P&L pf (1) __ 2508 Pa Wat & I 1) 2 Pepperell Mg 16 Phila Co (hi Pierce Gov blic High 103, /2 69 124 Al Low. Close 107, 508 1008 5005 100 1508 Phoenix Sceur Pioneer Gold 40c_ Pitts T Pitts Metalurg Pitts Tl Glob2 Powd'l & Al h3ie Pratt & Lamhaz Premier G 112c Pressed Met 12 Prodicers Corp Pub S Ind pr pf Pub S Okla pl(6) Pug S P&L pf ¢ A< Pug 84 P&L$6 pf 100 Pyrene Mfg b2oc 1 Quaker Oats Quaker Oats pf & | Reed Roll B 180 1 Reliance El b, Reybarn (b1 Richmd Rad Root Iet (h Ry & Ha t Regis Paper amson United Savo chiff Co (2) covill (bie) Secur Co Segal Lock & H Seizerlinz Rub Selected Indi Sel In all cif Sel In pr pf (51 | Seversky Air Shattuck Den Sher-Will (14) Sher-Will pf (%) Simmons H & P Sonotona (al0c) So Cal Eptpfiiy S0 Pa Oil (7175) Soutl'd Rov b2e pencer C S hise tand Oil Ky 11 tand Oil Ohio 11 nd Prod bar Stand Stl Sp a2 Sterchi Broa Sterl Alum b2ie Sterl Brew atie Sterling Ine 20¢c Stetson JB bioc Stutz Motor ullivan Machine ray Oil (bic) Sunshine Min(3) 105 1258 Rl Taggart Corp Tastyeast Del A Tech Hughes 40c Technicolor a30c. Texon Oil&L 60c hew Shov as( ilo Roof Inc (1) ob rod Exp 15¢ rans-Lux 120c Transwest Oil Co | Tubize Chatil { U'n G Can b7 Unit Gas Corp Unit Gas war Unit Gas pf b3 14 Unit L & Pw pf A Ut P&L pf b3 Utd Shipyards A Utd Shipyds B Utd Shoe M 1td S Mch pf 1.50 U'S Foil B (1) US Lines pf Unit Verd Ex(1) Unit Wall Paper Univ Utilities P&L(d). Util & Indus pf Utility Equities Valspar pf vic Venezuela Mex Vene Voght M (o S0¢ Walker Mining Wayne Knit Mills Weisbaum BB 40c Well't'n Oil Del Wentworth bljc_ W Va Coal & Will 0il-0-Masc Willson (1) Wright Harg i40c Yestn St Dbl | Yukon Gold (b6e) 2 3 Dividend rates i dollars base puartly or semi-annual payment. 1An- nual rate—not including_ exiras. Ac- cumulated dividends. a Paid last year b Paid this vear d Companies reported as being in bankruptcy or in receivership. or being reorganized under the bankruptcy act. or securities assumed by such com- panies. 6 65 6T 2% 3 d on last INSURANCE STOCKS NEW YORK. June 4 Security Dealers' Association —New York | Actna cas 2 Aetna Ins (1.80) . Aetna Life (50a) Am'Eouit (1.60a) Am Eeins (40g) Am Reserve (1a)- Am Surety” (213)_ Altomobile (12} Balt Amer (.20a) Caroling. (1,401 City of N Y 1120 Conn’ Gen_ Lif (%0)_ Contin Cas 11 20) Fid & Dep (4) Fireman's’ Nwk (.30 Frank Fire (1a) Gen Reimsur (2) Glen Falls (1.60) Globe & Rep (.80) Globe & Rut Great fmer (1a) Hanover (1.60) Hartford Fire | Home' Fire Sec Home Tns (Tn) | Homestead (1) | Knickerbocker (.80) @) Maryland Cas Mass Bond (3'2) 1 Fire (2) Natl Libertv ( N Hamoshire N Y Wire (R0a) Nor River (1) Phoenix (2a) Prov Wash (1) Revere (P) In (1.30) Rossia Ins (.60a)_ 9t Paul Fire () Sorinafield (41a) Sun Tife (7'aq) Travelers (16) U S Fire (2) Wesfchester (1.208) AAlSh extra or extras ®—Declared or paid 5o far this . C. M. Hall Lamp Co.—Declared & dividend of 10 cents & share on com- mon stock, payable June 15. On May 5, 1937, a similar amount was dis- tributeds ) 1.60) year. | icy gl Flow | GOLD SALES SET LONDON RECORD | Price Reduced Eight Cents | as $21,000,000 Hoard Comes on Market. B: the Assoclated Press | LONDON. June | record of £4.200,000 | $21,000,000) came on the market to- | day, mostly, it was believed, from | hoarders nervous about a possible lowering of the gold price | The price fell 4 pence (about 8| cents) an ounce to 140 shillings 5 pence (approximately $34.57). Most of the offerings were believed | to have been taken by the exchange | equalization fund The operations | raised to £15,283,000 (about $76,415.- 000) the aggregate volume handled in ! | the bullion market since May 24 4—An all-time in gold (about | Rooscevelt Cheerful. The Commerce Department said to- | day the flood of gold shipments to this country rolled over the $40,000,000 | mark during the week ended May 28 At $40.945,769, imports of the metal | were about $11,000,000 more than for | | the previous week | Silver imports were $936.071 for the week, compared with $646,867 the pre- vious week | There were no gold exports either | week. Silver exports were $15.721 and $150,166. respectively | | President Roosevelt told a press con- | ference today there had been no | change in the Government's gold pol- | He advised questioners not to worry | much about the gold situation. He gave | the advice when asked about renewed reports of possible changes in the policy to U, S. NEW YORK. June 4 P\.—Many | more millions of dollars in gold, re- | turning to monetary channels from | | hiding places abroad, were reported | today en route to this country to swell | Uncle Sam’s history-making hoard now above $12.000,000.000 Record offerings of the vellow metal in the London market were accepled in banking circles here as pointing to further heavy engagements for ship- | ment to New York. Already this week | nearly $40.000.000 has been reported | ta for transfer the United |s mostly in London | This is one of the biggest waves of | Due tates the gold flood which has filled Treas- ury vaults dollar to overflowing since was revalued earlv in 1934 the rate gold was crowding ship- space for movement to the United States, it appeared the Treas- would be called upon to dip freely into the proceeds of its impending ! June financing to pay for incoming metal ur its “sterilization policy,’ designed to keep new acquisitions from ng to the base for potential credit expansion U. 8. Rumors Heard. Most of the metal offered in London lately has been traced to dehoarding of the estimated huge amounts which went “underground” during the de- pression as capital sought refuge against currency depreciation The return of hoarded gold to sight has been accelerated by rumors of a possible cut in the United States buying price However, many financial authorities insisted there was little probability of such a step. Instead. they saw the offerings as indication apprehension over further currency devaluation was passing. Consequently. there was a disposition in many quarters to take the unloading of hoarded gold in the London market as a favorable portent, marking a return to more normal con- ditions in world monetary centers. REGISTRATION STATEMENTS. By the Associated Press Proposals of approximately the ad; ihree companies to float (L000°000° 01 " securities hate reached the Securities Commicsion | The Unmion Eiectric Co. of 8t Lewis Mo. 'ked permission to tgsue SKO-000 40 per cent Arst morikage bonds and | U per cent motes. . The company. formerly "known as the Union Eleciric’ Light & Power Co. of Missourl. | sald '« proposals were in conneetion with the reorgenization and merger of itx Illi- nols subsid 1es, The proceeds of the sues were earmarked o retire S6f 75 of outstanding general morizage saind to buy $22.000.000 of the first ze bonds of the Union Elecimic Gp. is “which was formed recenily merger of five Illinois sub. ew York ity filed a 5000 000 of Telephone Co. registration 114 per cent refunding e bonds * T said the proceeds would he used to retire a like amount of | Gl. per cent cumulative preferred. stock which has been called for redemption on Standard Brands Inc. of New York City_proposed an issie of 200 000 shares | of no par value cumulative preferred siock. Although the exact proceeds were not ‘estimated the company said SK700.- 000 expected from the securities saie would be uscd 10 pay’ off loant made by X New York banks on May . The hal- nee was ear ed for working capital and possibly “the acauisition or Improve- ment of plants cquipment o other prop- eIy or businesses if deemed advisable in the light of future opportunities. of New statement | CHICAGO LIVE STOCK. | CHICAGO. June 4 /™ (U. § | . Acricultiire).— Hogs. 6,000 500 direct: market generally J0 lower than Thursday's average: late sales at full decline: top. 11.55; bulk £00d and choice. 200-300" pounds, 11.25- 45. comparable. 150-190 pounds 103 11.40: packing sows steady. bulk. 10.00- 60: pigs sparinely upward to 10.50 Caitle 1000 calves 500: generally steady. clean-up trade on small week end | supply’ “all slaughter ~classes: medium- weight steers “scarce: undertone unim- proved following duil close Thursday: sorinkling medium to merely good light- weights and — vearlings 9.50-11.50; fed | heifers negligible: others steady. these comprising mostly grassers at 6,00~ with very plain light Southwesterns down 10 5.00: beel cows slow but mostly steady most ciitter grades 550 down: few strong- | weighis around 575 bulls and vealers | steady: outside sausage bulls, 7.00: vealers | largely 850-9.50 | Sheep. 6.000. including =.000 direct fat lzmbs ‘and Springers active; 10-25 higher: full advance on new crop offerings. scaitered lots native Springers. 12.00- 5 two loads California Springers. | 2.10° three loads. 12.00: small weights | strictly good and choice clipped lambs. | 10.25-30: "sheep strong: shorn slaughter | Lewes, 3 00-4.50. Department | mrludm(‘ steady !o‘ NEW YORK SUGAR. NEW YORK. June 4 (P.—Raw was unchanged carly today at 3.35 for | spots. No sales were reported | Futures ‘were irregular. No. 4 contract | openec_ &t advances of a half point on mostpositions on_further covering. but | reacted under increased liquidation and | hedging following the setback at London No. 3 was easier under liquidation and trade selling evidently promoted by the | continued inactivity in the spot market. = | July No. 4 declined from 1.1 | and September from 1 the ‘market at midday abouf one-half point net lower. No. 3 September held un- | changed at 248 buf January declined 3 | points to 238 | Refined was unchanged at 4.75 for fine granulated with business light and limited 1o nearby needs. BOSTON WOOL MARKET. BOSTON. June 4 () (United States De- partment of ~Agriculture).—Buyers con- tinued inquiries for various Imes of do- . mestic wools today. While actual buying was rather limited there was a broadening tendency in trade as immediate needs were covered Good Prench combing fine territory wools in original bags were sold at 95a97 cents scoured basis to buyers who have urzent needs to cover Bids made for supplies in anticipation of needs were mostly below 65 cents. How- ever, sizable lots were firmiy held at 95 cents scoured basis NEW_YORK BAR SILVER. NEW YORK, June 4 (#).—Bar sil- ver steady and unchanged at 45. *3% A—]19 Family Expenditures of a White Collar Worker November, 1929 Shelter Novembe Expenditures of a Clerk's Family as Reported by the Heller Committe for Research in Social Economics of the University of California October, 1936 Shelter 240, FREIGHT LOADINGS AT 134 855 NARK 'Week’s Gain Lifts Total 22.9 Per Cent Ahead of Year Ago. NEW YORK June 4 The Associated Press seasonally adjusied weekly index of freight carloadings. based on 1920 10 m< 100 advanced todav fo R # compared with K05 the previous week and 315 a vear agn Range of recent vears 104 1016 845 High 3 Low Eythe Associated Press NEW FINANCING LAGS WELL BELOW YEAR AGO By the Associated Press. NEW YORK, June 4.—Financing in the week ended June 3 was substan- tially under the corresponding week a year ago, but was the highest | several weeks. There were 24 new ssues fotaling $23,271.143 against 30 issues amounting to $139,135,500 in | the same period of 1836 The following table classifies new comparisons for a year ago. S0 X615 0100 K00 Municinals | Industriais Publie utiities 10,000 600 P Stoeks 2 R44 AT R TRR A | Ratironds 2 000,000 Miscelianeou 1181 Total $23.251.148 $139 135 500 DIVIDEND DEFERRED. ‘The Association of American Rail- | roads reported today 794.855 cars of revenue freight were loaded during the week ending last Saturday This was an increase of 15,579 cars or 20 per cent, compared with the preceding week: an increase of 148 043, or 229 per cent. compared with & vear ago. and an increase of 232,17 or 413 per cent, compared with two vears ago The report classified the loadings as 124 af0 | Forest produeis ore Coke DOLLAR GOES DOWN IN LONDON DEALINGS By the Associaied Press LONDON. Jine 4 —Selling by offi- cial exchange control funds and offer- ings in connection with gold purchases weakened the United States dollar 16 cent in foreign exchange transac- tions today. In comparison with the closing quotation of 4.9211-16 to the pound. New York's final sterling rate vesterday was $4.923, French francs ended at 110 66 to the pound. compared with 110.59 ster- day. PARIS, June 4 (% —Rentes cent. 61 francs 85 centimes: 4 7.70: 4725 1937, 92.00 Exchange on London. 11067 dollar was quoted at 22.465, Washin 3 per s “A" The gton Exchange Georgetown Gas 5s—$1,000 at $300 at 113 American Security & Trust Co.—1 at 290. Riggs National Bank com.—1 at 310. AFTER CALL. Potomac: Electric Power 5'3% pfd.—5 at 110%, 5 at 110% 113 | Mergenthaler Linotype—45 at 463,. Capital Traction 5s—$1,000 at 89'5. Security Storage Co.—4 at 114 Notice—This exchange, beginning June 5. will be closed Saturdays dur- ing June, July and August. Bid and Asked Prices. BONDS. PUBLIC UTILITY Amer. Tel. & Tel. Anacostia & Pot Ana & Pol. Guar C. & P. Tel. of Va Capital Traction City & Suburban | Georsetown Gas Pot. Elec. Pow Wash. Gas 58 1058 vash Gas 5s 1960 Wash., Rwy. & Elec. 4s .- MISCELLANEOUS. Chevy Chase Club 1st 4%s._ 104 W. M. Cold Storage 55 ___ 100 STOCKS. PUBLIC UTILITY. Amer. Tel. & Tel. (9) 16674 Capiial Transit Co = 1034 N & W. Steamboat (6) 08 Pot. Elec. Pow 6% pid. () 110% Pot. El P. 5% of. (5.50) 110'3 Wash Gas Lt_ Co. (3.60) _ 7 Wash. Ry. & EL com. (36) 700 Wash. Ry. & El. pid. (5) 110 z BANK AND TKUST COMPANIES. Amer. Sec. & Trust Co. (e8) 308 Bank of Hethesda (h.i8)_ = Cavital (4) Com. & Savings (10) Liberty (4) Lincoln (16.25) Nail_ Sav. & Tr. Pr. Georges BK. & Tr Rigrs (eR) Riggs pid. (5) Washington (6) 7" Wash. Loan & Tr. (e8) FIRE INSURAN( (8) 1 1 1 American Sorcoran (3) = Firemen's (1.60) National Union (.60) TITLE INSURANCE. Columbia (.30 _ 12 Real Estate (6) 170 MISCELLANEOUS. Carpel Corp. (2.00) Lanston Monotype (14) Lincoln Serv. com. (+1.00) Lincoln Serv. pfd. (3.50) Mergenthaler Lino. (2.00) *463; Peoples Dr. 8t. com. (11.00) *49%; Peoples Dr. Bt. pfd. (8.80) *110%% Real Est. M&G. pf. (**70) K Security’ Storage (5) 4 Ter. Ref & Wh. Corp. (3) Wdwd. & Loth. com. (+1.50) Wdwd. & Loth. pfd. (7)___ *Ex_dividena. +Plus extra: e—2% _ext) Tge” exi —75¢_extra. 25¢_paid June 30. 1936; cember 22. 1936 NASH SHIPMENTS SOAR. NEW YORK, June 4 (/) —A total of 9,173 automobiles were shipped by the Nash Motors Co. in May, an Increase of 127 per cent over shipe ments in May, 1936, it was announced today. 45¢c pald De- - | Automobile NEW YORK, June 4 (® —Action on the regular 15 cents quarterly com- | mon dividend on National Tea Co. has been deferred by the directors it was announced today. It would have been pavable July 1. EXECUTIVE PROMOTED. NEW YORK. June 4 (P .—W. A Armstrong of Dayton, Ohio, has been | appointed vice .president of Nash-Kel- vinator Corp. it was ennounced to- day by George W. Mason. president Armstrong’s new duties will be in the automotive and refrigeration divis THE WEATHER | District of Columbia—Fair tonight tomorrow partly cloudy, possibly local thundershowers in the afternoon: not much change in temperature: gentle | variable winds | Maryland—Fair tonight: tomorrow | partly cloudy, possibly followed by local showers in the afternoon or at Inight: not much change in tempera- ture Virginia—Partly cloudy, with local showers tomorrow and in south por- 1on tonight; not much change in tem- perature. West Virginia—Partly cloudy. showers tomorrow and in west south portions tonight not change in temperature. River Report. Potomac River muddy and Shenan- doah clear at Harpers Ferry. W. Va., this morning with and much Report for Last 2t Houre Temperature Barometer Degrrec Inches Yesterday— 4 pm X pm Midnighs Today-— i am 8 am B Noon Record for Last (From noon vesterday Highest. 85. 12:45 p.m ag0. 75 Lowest 21 Hours. to noon tedas ) vesterday. Year 65 3 am. today. Year ago 61 Record Temperatures This Year Highest. 95 on April 18 Lowest 19 on February 28 Humidity for Last 24 Heurs | (Frem noon vesterday to noon today ) Hizhest. 96 per cent. at 9:30 p.m. terday Lowest ves- | 41 per cent. at 11 Tide Tables. (Furnished by United States Coast and Geodetic Survey.) Today. 30 am. today To Hizh 4 | Low 1 | High 3 4 Low 1020 pm. 11 The Sun and Meen Rises. 448 443 1:20 am lights must be | one-half hour after sunset. 1 | sun Sun Moon today tomorrow today 249 pm Precipitation. | . Monthly precipitation in_inches Capital (current month to date) Month. January February March Aori] May June July Auzust cptember October _ Novemper 2.37 December 332 ! Weather in Various Cities. Temp. Rein- Baro. H'h.Low. 8RB0 30 34 £8 70 70 64 R0 66 R K4 66 64 2 KA 86 76 £ Soxmn 22ZREE 284 B N v REESrs 235 Stations. Abilene. Tex Albany’ N. Y. Atlanta. Ga Atlantis City Baltimore. Md Birmingham Bismarck. N. D Boston Mass Buffalo. N, Y. Charleston. S.C. Chicago. 11l Cincinnati, Ohio Cleveland. ' Ohio iColumbia’ 8 C. Denver. Colo. Detroit. Mich. El Paso. Tex Galveston, Tex. 0.90 054 014 0.12 018 0.50 Cloudy Clear Clowdy Cloudy Cloudy Cloudy Rain Cloudy Clear Cloudy Rain Cloudy Clear Cloudy Cloudy Clear Clear Cloudy Cloudy Clear Cloudy Cloudy Cloudy Gloudy Cloudy Cloudy Clear Clear Clear Cloudy Cloudy Cloudy Clear Cloudy Cloudy Cloudy Cloudy Cloudy Rain Cloudy Cloudy Cloudy Cloudy Clear Cloudy Clear Indianapolis Jacksonville - Kansas City_ Los Angeles Louisville, Ky. Miami_ Fla. Mpls.-St. Paul New Orleans New York N.Y. Oklahoma City Omaha. Nebr. Philadelphia Phoenix. Ariz. Elitsburgh, Pa. Portland. Me. Portland, Oreg. Raleigh, N. C°_ % Balt Lake City_ San Antonio San Diego, Cal._ San Prancisco__ St. Louis. Mo. Seattle. Wash Spokane. Was Tampa. FOREIGN. 17 a.m. Greenwich time. todav.) Siations. Temperature. Weather London. England _ Z7'59 Cloudy Vienna. Austria 58 Cloudy Berlin Germany 54 Cloudy Zurich, Switzerland Z 34 Cloudy Gibraltar Spain -~~~ 82 Cloudy (Noon, Greenwich time, today.) Horta (Fayal). Azores. _ %0 ' Cloudy (Curient observations.) g' Georges. Bermuda_ 7 o Havana, Cubs : Juan, Puerto Rico £4 Colon, Ganal Zone__ Clear Cloudy Cloudy Cloudy 7R 82 | Ainancing for the June 3 week with ' DIVIDENDS ORDERED BY GREYHOUND CORP. be Associated Pross Es CH ICAGO. )t une 4 Corp. directors today voted of 13.75 cents a share on the 5 erence stock dividend of 20 cents o stock and both paya holders of record DIVIDENDS .ANNOUNCED NEW clared Corp Duff-N Brigzs National Worumbo Mfg pr p YORK 1 prepared by a ble ] reg th 4 D Increased Miz Mg Rate Pe s Deferred. Tea Aceu $1.7 Yellow & Checker Cab c onc 7, A 3 xtra Brown F & Wire new Mapes Gen! | Langaf Gar Mapes Ma North North Norwic Revno Roo< Bearri Bo Cap Cinn Fason Genl Moore Pacific Pollac Do Pub S Do 8t L s | Tol Do | SHORT-TER e Aubur Ca Car, Chesa Wood War o Edi 3%, Tel Cons Mfg Acceptance Arrears Un Bak A Interim nd Balke-Co Ay Cons Mfx Elec Amer Co Amer Co fir h Pharmaca lds Spring Bros ce Cream new Y ! A Gas o Accenta Corp n & E & T L8 14 ve Coln & Koot Rocky King Coalit " ot 67 ot d by Ch & Tel. 5 n Auto porte Edison El Gen._Pub. Sery Gr R Houst Int n Long Louts Michi Midla Milw NY Merch Laclede Gas Licht Lehigh Val Lehigh V. Term apids & & Tel 4 Coal ¢ Ry Isiand Ger & Nashville ean Centra nd of N. J & Northern C. & St. 1 New York Dock 55 N Y New York Tel Susq. & W 475 Pacific_of Missour! Penn- Penna. R R So _Bell Tel verti Wab, T.RR As Vanadium Corp entes Sugar Cn sh Rwy Co Warner Dixie_Cement Co 4 & Tel st Bros fis o Pt Mtn Pac M SECURITIES D Barney B as s 1o 4s 1s 5 ¢ s 10 1939 o pdoo 000 000000000 O 0DO 22p zZo Marine fis 1 s 1040 $125 1030 103 Tans 1941 10438 1039 1941 L 413s 1930 11 1042 30 Western N Y. & Pa 45 104 Weste: | We thing war, the general, as was his rude habit, rn Unios Tel e d quarterly common dard Sta & L{ncoln Didn't Mind admire Lincoln that humility which partook of the divine calling on Gen. McClellan, during the | | , for kept the President waiting | | | expressed anger at the of P co Ote among other spirit RESERVE REMAINS 00T OF MARKET | |U. S. Bond Total Holds Un- | 1 changed for Second Con- | secutive Week. | By the Associated Press | The Federal Reserve Board reported | its holdings of Government securities | remained unchanged during the week ended June 2 It was the second consecutive week the board stayed out the Federal security market, leaivnz total hold- | of | ‘m:: of Government issues unchanged at $2,526.000,000 During April and pari of May | board acquired almost $100,000,000 | Peder steady kel the n the mar- al securities to The board report estimated member Dank excess reserves at $360.000.000 | o June 2, a decrease of $30,000 000 for the week This drop in banks' supply of lend- able money resulted largely from an flow of funds into circulation Money in circulation increased $88.- ‘Nm 000 for the week to $6.487.000 000 $534.000.000 the same last year of | or over week Gold stocks, increasing $50,000,000 for the weck. established a new record k $12,027,000.000, or $1,618,000,- 000 over the same week last year. The board's statement said During ended June member balances de- d Reductions in | memoer resuited from increases in money in $35,000,000 in Treas- with Federal Reserve in part by increases of in Reserve Bank credit $2.000,000, in Treasury currency and decreases $8.000,000 in the Treasury cash. other than inactive gold. and $6.000 000 in non-member deposits and other Federal Reserve accounis, Excess rese of member banks on June 2 were estimated to ba approximately $860.000,000 a de- crease of $80.000000 for week Inactive gold included 1 gold I stock and Treasury casn amounted £796,000,000 on June 2. an increase of 50,000,000 for the week." Changes in member balances and related items d week and the year ended June were reported as follows In mil the week 2 bank reserve $90.000.000. bank reserves of $88,000,000 circulation and iry depos banks. offset $16.000,000 and creas of the bank - the 1937, ons of doila June 2 May 6 Recerve be S. E. C. ISSUES REPORT ON MEMBER DEALINGS he Associated Press Securities Commission sald to- day transactions for their own ac- counts of members of the New York Stock Exchange in the weex ended May 8 totaled 22.42 per cent of all round-lot sales on the exchange The member trading included 704 per cent transactions initia‘ed on e floor per initiated off he floor cent by clalists. Member trading on the New Curb Exchange for the same was 1866 per cent of the tot t cent York perind al in that commission reported the lume on stock exchange weck was 4,453,150 shares, 7.8 per cent more than reported the The curb exchange volume 1223995 shares, or 7.1 per cent more own on the ticker on ticker Construction Leans With Conversion Privilege All in One Operation and Only One Reasonable Fee. Builders finance con- struction and satisfy their pur- chasers upon completion without seeking a new loan. can now One day, SHANNON & LUCHS Some one indignity. | “Never mind.” said the President | will fall. Weath'r | be willing O Here are a or g to hold McClellan's turned on | horse, if he will only bring us success.” ‘“‘bearer’’ deposited funds. ¥ vy UR answer to this question is emphati- cally ‘‘yes'—for your own protection. ew simple, but important, rules: Never write in pencil! Be sure the date is correct with the month spelled out. See that the amount, as spelled out and in figures, agrees and is legibly written. Fill in all blank spaces, particularly the amount lines erase! Write a new check and destroy the spoiled one. In signing checks use the same signature on file at your bank. Never sign blank checks! Make them payable to ‘‘cash’ only when resent them at the bank. Safeguard your lank checks—for your signature might be forged on them. Guard your cancelled checks. Careful observance of these rules enables us to give you greater protection for your Mortgage Loan INVESTORS SYNDICATE 1505 H St. N.W. Natl. 2345 Correspondents I Never you personally McLachlen Banking Corporation Since 1891 TENTH AND G STREETS, N. W. S.\W. Branch, 12th and Maryland Ave. SW Member Federal Deposit Insurance Corporation