Evening Star Newspaper, June 7, 1937, Page 18

A—IS KR CARREGISTRATION SHOWS INCREASE Capital Is Behind Nearby States in First Four Months of 1937. BY EDWARD C. STONE. Registrations of new passenger au- “‘omobiles in April in the Fifth Fed- ral Reserve District totaled 26,958, s compared with 25,644 in April 1936, ‘r a gain of 52 per cent, according ) the Richmond Reserve Bank's lat- -5t review which quotes R. L. Polk & *Jo. figures. New registrations of ~utomobiles in this area in the first “our months of 1937 numbered 83,735, 3ainst 68,961 in the same four :onths in 1936, or a notable increase 21.4 per cent, the report adds. Maryland registrations in April to- 1led 4,671, compared with 5315 in \pril last year, a drop of 12 per cent. “egistrations for the four months, Jwever, totaled 15,630 and were 22.7 1ead of last year. Virginia reported 6,001 passenger ~ar registrations in April, against 505 in the like period a year ago, : a gain of 7.1 per cent. In the four- onth period 17,642 new cars were “gistered, an increase of more than | T per cent. West Virginia April registrations umbered 4,590, a gain of more than 2 per cent, and 11,653 in the four wonths, this being an advance of 15.7 °r cent. North Carolina reported a gain of 3 per cent in registrations in April | ad of 39 per cent in the. four months ver last year. South Carolina recorded | jump of 27 per ceni in April regis- | ations and of 41 per cent in the| ur months, by far the best showing | I any of these States. Washington was behind the States, | *pril registrations of 3,061 being 17.3 | >r cent under April, 1936, while the | 1,236 registrations up to May 1 were 7T 4.3 per cent from the like period a ' 2ar ago. D. C. Building Permits Rise. The Richmond Bank report shows | “at building permits issued in Wash- “gton in April had a total valuation | « 7 $2,979,150, oril, 1936. Building permits issued in 31 fifth - strict cities, including Washington, in nril declined from the previous onth, but were better than in Apr™ 1136. Permits for all types of con- ruction numbered 3,381 in April this ar, compared with against $2,987,360 in rmits issued in April, 1936. Estimated valuation figures for per- - its issued in April totaled $8,677,686, decrease of 11 per cent under $9,- )2,773 for March, 1937, nt above $7,781,193 for April, ! gher valuation figures for April this ‘ar than last. The Richmond survey also presents ntract award figures for March, con- acts awarded in the Capital totaling | 1,887,100, a gain of 13 per cent over arch, 1936. » 18 per cent; Virginia, * est Virginia experienced a drop of ) per cent. Bank Deposits Still Climbing. Time deposits in 41 reporting mem- r banks in the fifth district and ~gregate deposits in 10 mutual savings nks, the report says, totaled $415,- 7,167 at the end of April, 1937, a gher figure than either $412.452,008 ported at the end of March this year $400,694,087 at the end of April st year. Seasonal increases in employment curred in several lines of work. uilding tradesmen and painters are » active demand, and more employ- °nt is available for agricultural work- 3 as the season advances. Industries the fifth district continued opera- ns at high levels, and total payrolls creased at many plants. Payrolls have recently increased ster than re-employment, due to imerous wage advances granted her voluntarily or as a result of 3anized effort by labor. A number 2975 permits | sued in March this year and 3,236 | but 12 per! 1936. | wenty-five of the 31 cities reported | Maryland awards were | 54, while | small, local strikes occurred, but on | e whole differences between labor | 'd management have been settled th little trouble, the report concludes. Two New Offices Established. Charles Delmar, " ncoln Service Corp., announced to- y that the company has recently | ‘ened subsidiary branches at New- rt News, Va,, and Martinsburg, W. 1. The company now has 12 com- ‘nies operating in Maryland, Vir- nia, West Virginia and Pennsylvania. The company official announced at for the first five months of 1937 isiness showed an increase of 33! °r cent in volume over the same >riod in 1936. Dollars and Sense Appears. Dollars and Sense, official organ of “ashington Chapter, American Insti- ite of Banking, appearéd in the aancial -district today. Edited by . E. Henze of W. B. Hibbs & Co,, J. eorge Dagenais, Riggs National, and -enneth Birgfeld, American Security > Trust Co., and distributed by Eld- .dge Kendrick, the publication covers 1 detail all institute doings for the ~ast three months. The June number presents sketches »f the newly-elected officers for next ~ear and & message from the incom- ing president, William H. Laughlin. Business Should Exceed 1936. Business as a whole during the ~oming months should hold above a ~ear ago and a normal pick-up in the 7all is to be expected, United Business ‘ervice says today in the weekly sum- aary. The more-than-seasonal ex- “ected reaction is no more than a ost period following a too rapid ad- ance, the service believes. The first quarter pace of produc- ion was too rapid, inventories being >uilt up in excess of requirements. Iowever, retail sales are well sus- ained and stocks of goods are grad- 1ally being worked off, the survey tates. Peoples Drug Sales Mount. Net sales of Peoples Drug Stores, Inc., Tor May totaled $1,893,364, an increase nf $198,333 over May, 1936, or a gain of 11.7 per cent. Sales for the first five months of this year amounted to $9,- 134,104, against $8,195,848 in the like seriod in 1936, an increase of $938,256, or 11.4 per cent. Sales in April scored an increase of 0.7 over the same month a year ago. Heard in Financial District. ‘Tom K. Smith, head of the A. B. A,, and “Bishop James E. Freeman of Washington will be among the most orominent speakers addressing the na- tional convention of the American Institute of Banking which cpened in 3t. Paul today. The Capital is being represented by 13 delegates. Capital Traction 5s sold at 89 on the Washington Stock Exchange today. ‘The most active stock was Washington Railway & Electric preferred, which closed at 110%, after reaching 110%%. Riges National Bank common regis- tered 325 on a 10-share sale. - - president of the | FINANCIAL. Prev 1937 Stock and High. Low Dividend Rate. 844 633 Acme Steel (4) 22% 15 Adams Express b30¢ 28% 243 Adams Millls (b1) . 80 67% Afr Reduction (t1)_ 5l 2% Alr-Way Electric_.. 11% Alaska Jun (t160¢).. % 2% Alleghany Corp 593 4313 Alleg pf ww $30 25813 218 Allied Chem (6) _.. 33'x . 21% Allied Mills (b2)_. #1 Allied Mills (b2)rts. Allled Stores (b20c) Allis-Chalm (b1) Amal Leather__ Amerada Corp (2) Am Bank Note (t1). 4 Am Brake Sh (12) .. Am Can (14) 4 Am Can pf (7) 50% Am Car & Fy (b25¢) 80% Am Chain & C b50c- 98 Am Chicle (t4)_. 13% Am Colortype _ 22% Am Comcl Al ab0c._. 25% Am Crys Sug b2% - 8% Am Encaustic__ 7% Am & Foreign Pwr._, 45 Am & For Pw $7 pf_ 181 Am & For Pw 24 pf._ 16% Am Hawailan (1) ._. %2 Am Hide & Leather. 2 Am Hide & L pf (3) x 2 Am Ice __ l’i\a Am Interntl ll!Oc)- 4 Am Locomotive . _ “ Am Mach & F (t1) . Am Mach & Met 60c. ¢ Am Metals (b25c) .. Am Power & Light_ %« Am Pw & Lt pf (5)_ Am Pw & Lt pf (8). % Am Radiator t60c__ % Am Roll Mill (2)___ Am Safty Raz (12)_ Am Seating (a2l3) . Am Sm & Ref (3) __ Am Sm & Ref pf(7)- Am Snuff (13) g Am Steel Fdy (b1) Am S Am Stores (2) Sugar (2)__ Sugar pf (7). 21% Am Sum Tob (11) L Am Tel & Teleg (9) - 74% Am Tobacco (B) i - 4 1281 Am Tobacco pf (6) . 13% Am Type Founders_ 16% Am Water Wks 80c_ °l Am Wat W 1st p (6) « Am Woolen sm. Am Woolen pf (b2) 6% Am Zinc & Lead 441 Am Zinc&L pr pf 47% Anaconda Cop biie. 18 Anchor Cap (60c) 515 AP W Paper__ 107% Armour (Del)pf (1) _ 7 Armour of 111(b35¢c) 817 Armour(I11)pr pf 6. 5712 Armstrong Cork(2). 158 Assoc Dry Goods___ 49% Assoc Invest (3) 691 Atch T & S Fe(a2)_. 973 Atch T& S F pf(5) . 445 Atl Coast Line(al)_ 8015 At1G & W I pf(ad) 28 Atl Refining (1) 15% Atlas Corp (80c) 5013 Atlas Corp pf (3) 70 Atlas Powder bllj 211 Auburn Auto_____. 5% Aviation Corp Del.. 5% Baldwin Loco (d)_. 4% Baldwin asd (d)_ 20% Baltimore & Ohfo._. 3% Baltimore & Oh pf__ 381; Bangor & Ar (213) 29% Barber Co (b25¢) 241, Barnsdall (1) 1414 Bayuk Cigar +75¢ 401 Beech Creek RR(2)_ 105 Beech-Nut Pkg(t4). 12 Belding Hemin (1) _ 191 Bendix Aviat'n b30c. 49 Best&Co (212) ___ 73 Bethlehem Steel(bl. 18% Beth 5% pf (1) _ 4115 Bethlehem pf (7). R "M: Black & Decker (1) Blaw-Knox (bi5c) . Boeing Airplane __. 4 Bohn Alum & B(3).. 2315 Borden Co (1.60) 387 Borg-Warner (2) 814 Boston & Maine 15 Bridgep't Brass(1)_ 41 Briggs Mfg (b133) _. 41 Bristol-Myrs 12.40 21 Bklyn-Man Tr (4) 59% Bklyn-Man T pf(6). 31 Bklyn & Queens . 17 Bklyn & Queen T pf. Bklvn Un Gas(1.60) % Beda (EG) Mfg 8 Budd Wheel b20c 50t% Bulova Watch (14)- 25% Burr Add M (80c)__. 244 Bush T Bldg pf cod. 14 Butler Bros (60c) .. 28% Butler pf (13) 415 Butte Cop & Z(a5c) - 207 Byers (A M) _ €7% Byers (A M) pf. 27 Bwron Jackson (t1). 2% Callahan Zinc-Lead. 12 Calumet&Hec b75c.. 26 Campbell Wy (¥1) 4 Canada Dry G Al 12'% Canadian Pacific 14': Cap Adm (A)(al)_. 7 Carriers & Genb 5c. 5138 Case(J 1)Co (4) . 8514 Caterpillar Tr (12) 26% Celanese Corp bl 3615 Celotex Corp(* 40c) 733 Celotex Corp pf(5)_ Tix Central Foundry 100t Cent 111 Lt pf(4% 18 Central RRofNJ 60 Cerro de Pasco (4) 23% 141 Certain-teed Prd.__ 82 60l Certain-teed of (6). 6015 35l Champion Pap (11). 111 108 Champion P pf (6)_. 901 77 Chesapeake Crp(3).x 547 Ches & Ohfo $2.80__ x 2413 Chi Mail Ord 1% . 2 Chi Mil St P&P (d)_ 4% Chi M St P&P pf(d). 3% Chi&NW (). 21 Chi Pneumatic Tool 55 ChiPnT pfb87%e.. 16 Chi Yellow Cab (2)_ 15% Chickasha Cott'n Oil 12% Childs Co _ !fla‘ 154 671 T34 115 9o 13814 56e 48% 10943 261% 17 567 431 Jl‘ 1074 41% 86% 3'1 City Ice & F pf 6% - 7 City Stores 321 Clark Equip(t1. 50). 105 Clev El [1lu pf 4% 35 Clev Graph Br (2).. 170% 122% Coca-Cola (t2)____. 4 1914 Colgate-P-P(t50c) - 62% 50 Collins & Afkn (12). 112% 108! Collins & A1k pf(5)- 5 33 Col Fuel & Iron(bl) 19% Colo & Southern. 114 Columb G & El(40c 39% 31 Columb Pic vte (1) 69Y% 56% Comcl Credit (t4) __ 120 103% Comcl Inv T pf 4% 21% 13% Comcl Solv (160c) 4% 2 Comw & Southern 5% 47% Comw & Sou pf(3).. 19% 13% Conde Nast Pub__ 45% 35% Congoleum-Nrn(2). 87 80 Consol Cigar pf (7). 497% 34 Cons Edis N Y(t2)_. 103 102% Cons Ed N Y pf(5).. "3 ConsFilm._ 18‘. 124% Cons Film p - 177 14 Cons Oil (80¢) e 1057 104% Cons Ofl pf (5) 154 % Cons Textile (d) 52% 33 Cons Coal Del vtc nf 18% 8l Cons Coal(Del)vtc_. 37% 20% Container Corp 1.20. # Contain rts June 28. 21% Contl Baking (A) ... 27 Contl Baking (B) _. 87 Contl Baking pf(8)_ 50% Contl Can (3) 35% Contl Insur (11.60). 2 Contl Motors. 393 Contl Ofl Del (t1 26% Contl Steel (1) __ 6214 Corn Ex Bank (3) Y% b54% Corn Prod Ref(13)_ 153 Corn Prod R pf (7). 14 373 5% 109% 691 42% 3% 47% 105% 103% Crane Co cv pf (5)_. 121 113% Crane Co pf (7). % % Crane Co (rights) 87 29% Cream of Wheat(2). 28% 18% Crosley Radioall{ . 47% 40 CrnC&Spfxw2%._. 256% 17 Crown Zellerb_____. 98% Crown Zell cu pf(5). % 51 Crucible Steel __. 135 115 CrucibeStpfb3lg_. 8 14X Cuba Co- oo 14% 8% Cuban-Am Sugar... 43 87% Cudahy Pkg (234).. 20% 10% Curtis Publishing.. 109% 86 Curtis Pub pf (7). 8% 5% Curtiss-Wright..... & o o 2 - BB B anhenannemics 2 =2 Bavmasemaomwl-rt THE EVENING STAR, WASHINGTON Close. cm 3% 16% 2219 72 274 {1 R 2 [ 2 +1 44% + % 27% — % 64 b58% + 1% 156 —1% T% 42% —1% 102% — % 116% 32 20% — % 40% 19% 9% + % 63% Prev. 1937 High. Low. Dividend Rate. 23% 161 Curtiss-W (A 90% 73 Cutler-Ham (bl)._. 24 19 Davegacumpf1%. 137% 104% Deere & Co._. 31% 26% Deere & Co pf 1.40__ 58% 41% Delaware & Hudson 1734 Del Lack & West__ 9% Det & Mackinac. 81, Diamond Match (11, 17% Diamond T Mot (1) 20% Distil Corp Seag. ... 38!4 Dome Mines (12) 474 Douglas Afreraft._.. 28 Dresser B (al) _.. % Duluth S S & Atl_. 14% Duplan Silk (1) 180% 148'% Du Pont de N(b2% 17 10% Eastern Roll Mills_. 175% 151 Eastman Kodak (8) 4 31% Eaton Mfg (2)_. 11% Eitington-Schild__. 21% El Paso Nat G 1.60 _. 34% Elec Auto Lite 3.20 9% Elec Boat (a0c 4% Elec&Mus 1 (al8c)— 15% Elec Pow & Light_—. 59 Elec Pw & Lt $6 pf_. 2 Elec Pw & Lt 31 pt_. 36% Elec Storage Bat (2} 2 108% Endicott-Jhn pf(5) . 814 Eng Public Serv 59 Eng P S $5 pt (b5 515 Equitable Office 24 Erie R R 1st pt 18% Erfe RR2d pt_____. 9% Bureka Vac (80c).. 3Y% Falrbanks Co... 20% Fafrbanks Co pf. 4914 Falrb'ks-Morse (11) 51'% Fajardo Sugar (b2). 19% Federal Lt & Trac__ 7 Federal Motor(40c). 514 Fed Screw Works_ .. 315 Fed Water Sve A___ 95% Fed'ted Dep S pf 414 36 Fidel Phoenix 11.60. 323 Firestone T&R (2)— 2102 Firestone pf A (6)_. 40 First Naul Strs t2% 2914 Flintkote Co (1) __. 46 Florence Stve b50c_ 5 Follansbee Bros(d). 471 Food Machine (1)._. 3815 Foster-Wheeler._ 24'4 Freeport Sulph (1)_ 107% Freeport Sul pf (6) 26 Fuller Co 2d vt 43, Gabriel Co (A) Gamewell Co. 124 Gar Wood Ind b2 10% Gen Am lnv(n75¢) 5 Stock and 0c- 36 23 51 TT% 891 4 Gen Baking (160¢).. Gen Cable (A)_. Gen Clgar (14) Gen Elec (b40c) ___ 3h Gen Foods (2) . 115 Gen Gas & Elec(A)- 60 Gen Mills (3)_ 541 Gen Motors (b1%) 114’2 Gen Motors pf(5) .. 874 Gen Outdoor Adv 15% Gen Print Ink b30c_. 314 Gen Pub Service __. 41% Gen Ry Signal (1) 2110 Gen Ry Signal pf(6) 3 Gen Realty & Util__ 57 Gen Refract (b2)_. 56 Gen Steel Cast pf._ « Gen Thea Ep(b30 2 Gen Time Instru t1. 15 Gillette S Raz (t1)_ 80 Gillette S R pf (5) 20'x Gimbel Bros 41 Glidden Co (12) 511 Glidden cv pf(21,) 5% Goebel Brew (120c). 21 Goodrich (BF) b50c_ 273 Goodyear T & R bl 100 Goodyear cu pf(5) 73 Gotham Silk Hose 901 Gotham S H pf (7) Graham-Paige 612 Granby Cons 3t Grand Union ctfs 18'4 Grand Union pf bl 343 Grant (WT) (11.40) 40% Grt Northern pt 19 Grt Northn Ore (1) 34 Grt West Sug 12.40_ 274 Green H L (11.60) _. 12% Greyhound (180c)__ 10% Greyhound pf(55¢) 2'4 Guantanamo Sug__ 11% Gulf Mobile & 261 Hack W pf A (1%) 251; Hamilton W (b65c).- 43 Harb-Walker (12 | 1095101 Hazel Atlas GI (157 157 11% Hecker Prod (i60c). 12 Hershey Ch pt(t4)_ 35'; Hollanc. Fur(ali)_ 2 105% Hoiland Fur pf(5)_. 21 Hollander & Son(1) 3115 Holly Sugar (12)_. 336 Homestake (112)_ 20'¢ Houd-Her B (T1%)_ 123 Houston Oil vte____ 62% Howe Sound (13)__ 3 Hudson & Manhat__ 15%4 Hudson Motor 3 Hupp Motor_. 2214 [llinois Central_. 36% Indus Rayon (2) 125 Ingersoll-R'd (b1%4) 94 Inland Steel (14)_ 17% Inspiration Cop. 4% Insur Sh Md (b10c). 6' Inter Rap Tr vtc(d) 41 Interchem Corp(t2) 1074% Interchemical pt(s) 16!3 Interlake Iron_ 5 Intl Agricultural 42 Intl Agriprpf(b3)_ 148’4 [ntl Bus Mach(16)_. 991 Intl Harvester(2%) 1447« Intl Harv pf (7) » Intl Hydro El A 6% Intl Mercantile M_.. 10 Intl Mining (b30c)- 55% Intl Nickel (b1)._. 1615 Intl Paper (A) 10% Intl Paper (B) 5% Intl Paper (C) 90% Intl Paper pf. 4215 Intl Shoe (+2) _ 90 Int Silver pf (b6)__. 9% [ntl Tel & Tel .__ 20'x Interstat Dp St b234 715100 Inter Dept St pf(T). 1715 Intrtype Corp b30c... 2513 Island Creek (2)__. 125 Johns-Manv (13) 120 Johns-Mansv pf(7). 120% Jon&L 7% pf (b1%) 115% K C P&L 1st pf B(6) 20 Kans City South__ 26% Kaufmann (11.60) _. 16'3 Kelsey-H A (a1%) . 12 Kelsey-H B (al3)_. 51 Kennecott Cop b1%. 15% Keystone S&W b30a 47% Kinney pf (a1) 8Y Kresge Dept Stores. 21% Kresge (S S) b60c. 18% Kroger Groc (11.60) 16% Laclede Gas (St L). 18% Lambert Co (2) . 35Y% Leh Port Cmt 1% __, 9% Lehigh Val Coal pf_ 16% Lehigh Valley R R.. 38% Lehman Cot'n 15% Lehn & Fink b62 611 Libbey-Ow-F b75¢c_. 9% Libby McN & L(al). 947 Ligg & Myers B 14_. 151 Ligg & Myers pf(7). 59 Lima Locomotive__. 43% Liquid Carb (2.60) . 6414 Loew’s Inc (12 2% Loft Inc.___ - 50% Lone Star Cem (3)-. 31% Loose-Wiles (2) ___. no “ 106" Loose-Wiles pt(5)-. 28% 21% Lorillard P (11.20)_ 28% 19% Louis G&E A b37%4e 99 86% Louls & Nash b2% _. 41% 29% Ludlum Steel (1) . 36 30% MacAndrew&F(t2). 36 26% McCall Corp (12)... 24% 14% McCrory sStores_... 42% 32% Mclintyre Porcu(2). 42% 31% McKeesp't Tin P(2) 16% 12% McKesson & Rob___ 47% 44 McKess & Rbpf(3). 19 12% McLellan Strs b75c. 62% 42% Mack Trucks (11)__ 58Y% 44% Macy (R H) (12) .. 63 45 Magma Copper (2).. 7% Man El md gtd (d) .. 3% Maracalbo Oil Exp._. 10% Marine Mid (t40c).. 24% Market St Ry pr pf_ 18% Marshall Field ... 22 Martin (Glenn) 7 Martin-Parry-ceeee 53% Masonite (t1) 327% Mathieson Alk (1 *) 51% May Dept St (13) . 9% Maytag Co (a50c) . 35 Maytag pf ww (3)_. 111 105 Maytag 1st of (6).— 84% 25% Mead Corp (b50c) - 86% 70% Melville Shoe (15)-. 16% 11% Mengel Co.oaeu—o 47% 39% Mengel 1st pf (2%). 26% 14% Miami Copper. 85% 27% Mid-Cont Pet (bl 34Y% Midld Stl Prod(12)- l22 114 Midld Stl 1st p£(8) - 881 293 51y 581y 81 501y 474 1 1315 96 189 175 831 53% 84% 3% 75‘/4 16% - =Y Bales— Add 070. High. Low. o Clos: 18% 18% — 79 20% 20% 9 Net chg .. % 9 +1 132'3 132% —1% 29 + 4'( —1 17% i TL++1 041 SELEEELE 5 157% 1% 169 33% 13% S ARWNHIE RO AN DA »a 3 a5 107 4015 « 106% 5 15014 111% 1463 117 10 11% + 1+ L+ - - (OB e o 552 e a e SS"#####*I# RERF FEEFE LI+ 9 S ok anw?u».che'fi?qunNmmusrmgm:.u-.—- B AT I 00 N S NN 23% — 9% + 50 -3 35 + 56 +1 9% % 361 +1 1om 104‘/1 104\’. 72'4 72% 72% = 1% 12 + 38% 40% — 17% 25% 255‘ 381 — lOl 115 lll 114 -1 L} IRERE b I+ 1010+ 11++0++++0 0400000001 k) % % Y% % % % W % % el % 17% — % % D. C, MONDAY, Prev, 1037 High. Low, 120 Stock and Dividend R: 96 Minn-Hon Ros (2)... 11 Minn Moline Pow 8814 Minn Moline Pw pf_ 1% M St P&S S Marfe__ 25% Mission Corp (b1) 673 Mo Kans & Te: 24% Mo Kans & Tex pf A 3 Mo Pacifio (d).__—. 7 Mo Pacific of (d)._. 28 Mohawk Carp 11.20. 48 Montg Ward (12)._. % Mother Lode a12%c. 30% Motor Prod (b1%)_. 20 Motor Wheel(1.60)_ 2414 Mullins B (a50c) 86 Mullinn pf (7) 70 Murpty (G E) 3.20_ 11% Murray Corp(as0c). 17% Nash Kelv (1) .. 35 NashvChat&StL.. 18 Natl Acme (b25¢) - 11% Natl Aviation (a1)~. 33% 24% Natl Biscuit (1.60)_ 167 145 Natl Biscuit pf(7)._. 33% 257 Natl Bond & In 1.44. 3874 29% Natl Cash Reg (1) 26% 21% Natl Dairy Prd 1.20. 112 107 Xatl Dairy pf B (7). 2714 Natl Distillers(t2) - 14% Nat'l Gypsum Co 3114 Natl Lead (150c) 8% Natl Pw & Lt (60¢). 70 Natl Steel (12%4) 62 Natl Supply Co - 121'4 Natl Supply pf b1% 674 Natl Tea_____ 69 34 38% 26 39% 99% 90 20% 24% 4T% 24 18% oa M -qn—qnn-wmmenmmqa—e‘»—bmn-no - 2 » 28 Newport [nd(b50e).~ 7314 N Y Air Brake (al)_ 40 N Y Central 41 NYCh&StL. 83 N Y Chi &St L pf-. 25% N Y City Omnibus. 8 NY Dock__ 1 NY Investors (d)_— 7% NY NH& H (d) . 15 NYNH&Hpf (d)._. 2% N Y Ontario & W__. 813 N Y Shipbuilding_. 56 N Y Shipbldg pf._. 75% N Y Steam pf (6) 85 N Y Steam pf A(7)_ 2 Norfolk South (d)_. 9% North Am Aviation. 221 Nor Amer (b60c) __ 51% North Am Co pf (3). 274 Northern Pacific _.. 3% Norwalk Tire & R 1714 Ohio Oil (b50c)_. 531 Oliver Farm Equip_ 16!2 Omnibus Corp vte 12% Oppenheim Collt: 33% Otis Elevator bi0c 1413 Otis Steel . __ 8215 Owens-I11 Glass (3). 8 Pacific Coast 281 Pac Gas & El 411 Pac Lighting (3) 29% Pacific Mills (bl 20% Pac West Oil(a6se). 85 Packard Mot (b15c) 2% Panhandle P& R 60 Panhandle P&R p 66 Paraffine Cos (b2) 99 Paraffine Cos pf (4). 73% Paramount Plc 27% Park & Tilford (2)_. 4 Park Utah 37% Parke Davi 4'x Parmelee Trans 614 Pathe Film Corp___. 14'4 Patino Mines(t60c). 3% Peerless Corp 87 Penney JC) (4). 3% Penn Coal & Coke._ 7 Penn Dixie Cement._ 22 Pa Glass ctfs b2ic__ 39% Penn Railroad (a2). 73 Pere Marq pr pf a20 16% Petrol Corp(A) b40c Tt Pfeiffer Brew b60c_. 4314 Phelps D bs0c x rts % PhelpsD rts June2d 4588 42% PhilaCo6% pf (3). 3 41, Phila Rap Tr (4)___ 2008 81y Phila Rap Tr pf(d). 114 Phila & Read C& 1_. 70 Philip Morris(b3%) 4914 Phillips Petrol'm t2 147x Pierce Ofl pf __ 1314 Pitts Screw&B blbc. 243 Pitts Steel 92 Pitts Steel pf. 33 Pitts United . 3114 Pitts & W V 241 Plymouth Oil 17 Pond Creek Poc (2)- 223 Poor & Co (B) ____. 19 Pressed Steel Car__. 5513 Proctor & Gam(12). 375 Pub Sve N J (2.60) . 100% Pub Sve N J of (5) . 114 Pub Sve N J pf (6)_ 55% Pullman Inc (1%) .. 174 Pure Ofl 99 Pure Oil 6% pf(6) 108 Pure Oil pf (8)_ 15% Purity Bak (60c)_. 813 Radio Corp___ 654 Radiopf A (3%) 7% Radio-Keith-Or (d). Raybestos M (+1%4) Reading RR (2) Reading 1st pf (2) . 24 Reis (Robt) _ 17 Reliable Stores (1) 21 Rem-Rand (b55c) 80 Rem-Rd pf ww 413 5 Reo Motor Car. 2714 Republic Steel 3315 Revere Copper Revers Cop pt 6% _— 5 Revnolds Met (11)_. Reynolds Spr (t1) . Reynolds Tob B (3). Safeway Stores(12) afeway Strpf(6)._. 24 t Joseph Ld (12) 1 St L-San Frpf (d)_. 141% Savage Arms b25c . 4015 Schenley Dist bl . 933 Schenley pf (5%) 38 Scott Paper (b6sc) 11 Seaboard Afr L (d) 4% Seaboard A L pf(d). 36% Seaboard Ofl (1) __. 81 Sears Roebuck (3)_. 26 Servel Inc (1) 19 Sharon Steel (11.20) Shattuck F G (60¢)_ 34 5% Shell Un Ofl (a25c) - 10-)% 102 Shell Un Oil pf 6% .. 177 12% Silver King (b25c) .. 58 40 Simmons Co (b50c). 434 0. High. Low, Close. chge. l 1055- 105% 105% — % 32'% 11% 131% 28% 105 14% 464 46% JUNE 7, 19317. Net | Prev.1 13% 98 1% 2T% 605 [ ok M| 101 126% 126% 6% 6% 10 10% 105 105 +1+00 100 393, 44% 12% 115 18% 19% 49% 188 10%¢ 991y 18 124 38% 48% 56 8415 102 100% 109 123% 30 11% 2314 4% 114 834 57% 167% 30% |6 T++++1+1 2T% 340 65 LU 12420 1 444+ ~ rrE 33% 187 6% 6l 124 654 11214 100 6214 373 142 465 101% 40% M | "9 TESTIFEREEF * F FEgsEs (RS &) + + 1 o 11 209 1315 283 105 14% 46% 14% not L4410 1 1+0140 High. Low. 4 Dividend raies as given in thy oayments basea ol 3 including _extras. d Companies X Ex dividend. 037 Stock and Dividend Rate. 3'% Simms Petrol . ... 2 3% 42 Skelly Ol (b50c) . 56% 16% Socony-Vac (b25¢) - 19% 3% South Am G & P 30¢ 33 South Port Sug(12). 22% So Cal Edison t1% .. 42% Southern Pacific.. 24 Southern Ry.. - 45 Southern Ry pf_.._. 5% Sparks- Within, 17 Sperry Corp vte(al) 45% Spicer pf A (3) ... 19% Splegel, Inc (1) .___. 817% Spiegel cum pf(434) 37% Square D(B) b60c__ 12% Stand Brands(t80c) 5% Stand Gas & El (4) _ 15 Stand G&E $4 pf(d) 42 Stand GEE $7 pf(d). 40% Stand O1l Calif(t1). 42 Stand Ofl Ind (1).. 631 Stand Ol NJ (1) .. 631 Sterling Prod 3.80_ 17% Stewart-Warn t50c. 19 Stone & Web(a2sc). 13% Studebaker Corp. 65 SunOil (11). 119 Sun Oil pf (6) 40% Superheater (113) 413 Supertor Ofl 30 Superior Ste: 23% Swift & Co (11.. 20) .- 304 Swift Internatl (2). 15% Symington ww bl0e. 11% Symington xw b10a. 50 Talcott (J) pf 2% - 67 Telautograph(60c).. 10% Tenn Corp (al5c)-.. 50% Texas Corp (2)._. 6% Texas Gult PraSc. 35'% Texas Gulf Sul (12) 42% Texas& Pac RR.__. 11% Tex Pac C&O bl0c 10% Texas P L T (al0c). 83 Thermoid Co 23 Thomps'n Prod b40o 5% Thompson Starrett._ 16% Tide Wat As Oil 80c 21' Timke 59% Timk'n-Roll Brg(3) 127 Transamerica t40c_ 13% Trans Wst Alr a25c. 8 Tri-Cont'l (b25c) 8!4 Truax-Traer(b25c). 33% 20th Cent Fox b50c.. 66 TwinCRTpfalé_. 16% Twin Coach (bl5c). 76% Und-Ell-Fish b1% 63 Union Bag & P (2) 95 Union Carb (3.20) . 23% Union Oil(Calif)1.20 126% Union Pacific (6)__. 80% Union Pacific pf(4). 23% Utd Aircraft(as0c). 15% Utd Alr Lines a20c.. 23'4 Utd Biscuit (1.60) 69% Utd Carbon (4)_. 29 Unit-Carr Fast(t. 413 Utd Corp (a20c) 37% Utd Corp pf (3)- 117 United Drug (b25¢). 181 Utd Dyewood (1).-. 5% Utd Elec Coal ______ 46%2 Utd Eng & Fy ) 77 United Fruit (13) .. 12% Utd Gas Imp (1) 63 Unit Paper’bd b30c. 1'3 U S Distributing._. 15% U S & For'n Secur... 15%3 U S Freight (11)_ 156 U S Gypsum pf (7). 17 USHoffman._______ 32% U S Indus Alcohol_. 6' U S Leather vtc_ 13% 1J S Leather(A)vtc_ 89 US Leath pr pf b5l3. ‘s US Plpe & Fdry(3). 10 USRealty & Imp... 44'4 U S Rubber___ 84 US Rubber 1at pt 79 U S Smelting (b4) .. 67% U S Smelt pf (3%) .. 75 whwra~ e e - B e 0 S po D e i e 0008 1 B 1o e N 8 N 65 Unit Stk Ydl (50:)- 37% Utd Stores (A) ____. 19% Univ Cyclops St1(1) 68 Univ Leaf Tob (13). 2% Utll Pw&Lt (A)(d). 133 Vadsco Sales Corp... 26 Vanadium Corp___.. 36 Van Raalte (b1%)_. 7% Va-Car Chemical. .. 108 Va El & Pw of (6).. 9 V’abash pf (A)(d).. 13 Waldorf Sys(11.20). 42'5 Walker (H) (2) ... 11% Walworth Co.. 5% Ward Baking (B) - 75 Ward Bak pf(b2%). 11%4 Warner Bros Pict__. 6% Warren Bros (d) . 28'3 Waukesha Mot (1).. 34 Wayne Pump (2) 433 Wesson O&S lt&flc) 80 Wesson O&S pf (4). 90% West Penn El A (7). 86 West Penn EI p£(6). 92 West Penn EIl pf(7). 118 West Pa Pwr pf (7). 26'2 W'n Auto Sup 1.60 __ 813 Western Maryland. 16'2 Western Md 2d pf__ 2'3 Western Pacific. 7% Western Pacific pf.. 54% Westn Un Tel (3) .. 417 Westingh'se A B(1) 130% Westhse Elec (b2) . 21 Weston El Inst b25e 1913 Westvaco Chlor (1) 291 Westvaco 6% pf 135. 38 Wheeling Steel. Motor.. 14% White Rk M S(1.40) 4's White Sewing Mach 4% Wilcox Oi) & Gas .__ 8% Wilson & Co (50c) .. 44Y% Woolworth (2.40) __ 81 Worth Pump pf(A). 77% Worth Pump pf(B). 487 Yale&Towne(160c). 20% Yellow Tr & Coach. 113 Yell Truck pf b3 37% Young Spr& W(t3). 75% Ygstn S&T (b76c) .. 31 Zenith Radio (b1) 5% Zonite Products_._. 1:00 A M, P.M.__ - 170,000 370,000 3% 56 19% 3%, 34 24% 61l 37% 49Y% 5% 18 47% Total Sales for the Day 580,000 Unit of trading less than 100 shares. aPaid last year. reported 1n Bales Add 00 High. Low. Close. chln 3% + W 56 + % 19% 3% 34u + 24% + 51t FFFFF | Pl+ i+ 14440001+ FeeSrsrr L R e PR ) ST (W} EE s 3 — 4 1274 +1% 3874 + 84 —13 32% -1 5's Approximate Sales of Stocks on the N. Y. Stock Exchange. 12:00 Noon. 1:00 P.M. 290,000 440,000 bove table are the annual cash the iatest quarterly or half-yearly declarations. 1 Annual rate— b Paid recelvership or being reorganized. this year, CHICAGO PRODUCE. CHICAGO. June 7 (#).—Poultry. r, 28 trucks, steady: hen: 5 _pounds and le: k. bare Plymouth and - White barebacks. 15: Leghorn, Barities, color ;' Plymouth Rock. S RSO~ barebacke. 2 A Tooaters: 13: Leghorn ron\ters. turkeys, hens, 16 toms. 14: No. 2 turkeys. 13: ducks. white and _colored. 432 14] geese, 10. Butter. 16.380. stead clals (93 score). 30 exira, firsts D6-im 89). 83 pounds up, creamery spe- extras (0. 2015-3,: firstd '(8i extra firsts. cars graded firsts, Jocal. 18Ys: cars. Fent Tecelpts, 1734; stofage. packed. extras and firsts. Potatoes.”270: on track, 342; total shipments Saturday. 1195, Sundey. 120 old stock dull; supplies light: slow: saoked. per cwt Idaho Russet Due- nks, No. 1.2 8. n ‘stronger. slightly ' weaker. demand supplies liberal; California White U. §. No. 1. 2.10-25: showing decay, 1,86:90; lmnsl-m Bliss Triumphs, U. 8. 1.8 )iy Russet, Burbanks. U 8 33 ConblenS. . Mo 1. 185 Misslssibi” Biiss Triumphs. ' U. 8. No. 1, showing heated, fair conmunn 1.7! car fine quality, '2.00: U. 8. No. 2, 110- Arkangas Bliss Triumphs No. 1. 1. U. 8 No,2. few 1.05; Alabama Bliss Tri- No 1 Siowine heated. fal o ion 1 A5-00: U. 8. No, 2. few. 1.0{ Fexas Bliss Triumphs, . BONe. 1 %00, Stock > Stiently Southern stock good; Rose! METAL MARKET. June 51400 v 3 Tin d nearby. 56.25; luture 66 no ‘Lead nn«iy New York '3pot. 6.00- East spot, 5,85, ine ateady. t and future. 6.7 Histern Fennsylvania B 24.00: Alabamma. 20.00. Aluminum. virgin 2 per cent, 20.00-21.00. Annmony. ufit. 4.75. Quicksilver. 97.00-99. inllm pure, 54.00. Wolframite, .2 00. BOSTON WOOL MARKET. BOSTON. June 7 ( (U, 8. Department of Agriculture).—Buyers showed some re- sistance to recent price advances on coun- acked offerings of medium fleece Quotations, however, were s of three-eighths quarter blood grades packed together were offered mostly 41-42 cents i; delivered E Similarly packed mi fleece wools from States farther West Were held ga:ounfl 35 cents”1n srease de- » - NEW YORK BANK STOCKS OFF SLIGHTLY IN WEEK Special Dispatch to The Star. NEW YORK, June 7.—New York City bank stocks eased off slightly during the last week and closed lower, according to records compiled by Hoit, Rose & Troster. The aggregate market value of 16 leading issues on June 4 amounted to $2,025,909,000, compared with $2,040,- 911,000 at the close of the previous week, a decrease of $15,002,000, or 0.74 per cent. The current average yield of the 16 issues of 3.25 per cent compares with a yield of 3.23 per cent on May 28. The current market value is now 1.44 times the known book value. SHORT-TERM SECURITIES. (Reported by Charles D. Barney & Co.) Amer Tel & Tel 6%s 1943 i 3 107% ‘Western UnN‘m Tel 58 1938 101% Finland Buildings Modern. Most of the apartment buildings be- ing constructed in Finland have elec- tric refrigerators. S RECEIPTS OF LEAD DECLINE IN APRIL Smelters Report 43,773 Tons, Against 50,678 Received in Previous Month. By the Assoctated Press. NEW YORK, June 7.—Receipts of lead in ore and scraps by smelters in the United States during April amounted to 43,773 short tons, against 50,678 in March and 35,512 in April, 1936, the American Bureau of Metal Statistics reported today. ‘The American Zinc Institute, Inc reported shipments of zinc during May amounted to 55,201 short tons, com- pared with 56,229 in the previous month and 43,905 in May, 1936. Stocks at the end of May were 13,774 short tons, against 13,963 at the end of April and 81,562 at the end of May, 1936. Zinc production during May, re- ported by the Prime Western Zinc Producers Committee, totaled 23,553 short tons compared with 21,333 in April and 2Q,204 in May, 1936. Shipments were 24,321 tons, against 25,921 in April and 21,029 in May last year. Stocks at the end of the month were 10,493 tons, compared with 11,261 in the preceding month and 61,269 at the end of May, 1936. PEPPER RULES ADOPTED. NEW YORK, June 7 (#).—The Board of of the New York Produce m hss adopted the rules for trading in-black pepper for future delivery as drafted by a special committee. Rules must be posted on the floor of the exchange for 10 days before becoming effective. —_— Early 3937 strawberries brought as high as 12 cents each in London. L3 FINANCIAL. TRANSACTIONS ON THE NEW YORK STOCK EXCHANGE By Private Wire Direct to The Star. All New York markets are now on daylight Bales— Add 00. High. Low. 198 STOCKS SELL OFF INQUIET TRADING Some Specialty, Copper, Mo- tor, Oil and Steel Issues Able to Climb. Stock Averages 5 1 43.0 434 4438 343 495 3738 435 Indus. R Net change. —5 Today close. 92.7 Previous day 93.2 Month age. Year ago. 1937 high. 1937 low. 1936 high._. 15 80 Uil Btks. 1 —4 417 418 43.1 469 54.0 409 53.7 302 434 557 5 8.7 239 169 -146.9 153.9 184.3 157.7 - 516 953 618 613 674 67.8 67.7 614 5.3 65.4 2.8 (Complled by the Associated Press.) BY VICTOR EUBANK, Associpted Press Financial Writer. NEW YORK, June 7.—Early rally- ing efforts appeared in today's stock market but these were later succeeded by a generally lower drift. An afternoon break in grain, cot- ton and rubber futures took the starch out of most potential share buyers. Despite sliding tendencies exhibited. by numerous leaders, including steel, coppers and motors, several oils and specialties managed to buck the quiet selling trend for modest advances. Speculative and investment forces could find nothing outstanding in the news to stimulate action either way and the side lines were crowded with commission house customers waiting for inspiration. The ticker tape crawled from the start. It picked up a little momen- tum on the downside in the last lap, but not enough to expand the volums to any noticeable extent. Transfers were around 600,000 shares. U. 8. Steel shares dropped about 2 points at the worst. Backward also were Bethlehem Steel, Youngstown Sheet & Tube, Anaconda, Kennecott, American Smelting, General Motors, Chrysler, Briggs Mfg., U. S. Rubber, Brooklyn-Union Gas, American Water Works, Du Pont, Allied Chemical, General Electric, New Haven Pre- ferred, Santa Fe, N. Y. Central, Boeing, Douglas Aircraft, Goodyear, Montgomery Ward, Sears Roebuck, ‘Woolworth, J. I. Case, Deere and Consolidated Edison. On the resistant side were Pure Oil, Atlantic Refining, Ohio Oil, Seaboard Oil, Socony-Vacuum, Interstate De- partment Stores, American Telephong Electric Power & Light, Newport In- dustries, Lone Star Cement, Canada Dry, Southern Pacific and American Locomotive. NEW YORK COTTON By the Associated Press. NEW YORK, June 7.—Cotton prices broke almost $2 a bale today under general tired long liquidation and Wall street selling as the market gave at- tention to bearish features which had been ignored in recent weeks. Favorable crop advices, poor spot demand and dullness of the cotton goods markets were factors in the de- cline which carried prices to new low ground for the movement. October sold from 12.70 to 12.35 and was within a point of the low in mide afternoon when prices generally weng 32 to 37 points net lower. Buying was restricted to trade accounts on a scale- down. Cottonseed Oil. Bleachable cottonseed oil futures closed easy, 7 to 12 lower. Sales, 150 contracts, including two switches June, 9.78b; July, 9.73b; September, 9.72; October, 9.70; December, 9.62; January, 9.71b. b—Bid. New Orleans Prices. NEW ORLEANS. June 7 (#.—The cot- ton market opened quiet but steady todsy and first trades were 1 to 3 points nef lower because of a little commission houst selling and liquidation. Liverpool cables were about as ex- pected and there was nothing in the news over the week end to affect the market 12 66; either way. 6 1 October. Jani March July “opened 2 Ty 158 By (ne_end ‘el the st all mour-the macget was quiet at or near the opening figures. Cottonseed oil opened steady. 1 9:300: October, 9.20b; January, 9.22] CHICAGO GRAIN Bs the Associated Press. CHICAGO, June 7.—Extreme breaks of 4 cents a bushel in comn prices late today unsettled the entire list of grains and more than over- came wheat market advances due to black rust reports. Doing much to bring about a rush of corn sales were reports of favor- able progress of the new domestic corn crop, together with big arrivals of Argentine corn and relative cheapness of competitive feeds. Deferred future deliveries of wheat fell to fresh lov price records for the season. At the close, corn was 1%-1; cents under Saturday’s finish; July, 1.15%- September, x _ wheat, -1l off; July, tember, 1.06-1.06 July, 9.26b; Cashp wheat, no sales reported; corn, No. 1 yellow, 1.271%4-28%; No. 2 yel- low, 1.27-29%,; No. 3 yellow, 1.26-27%; No. 2 white, 1.27%; No. 3 white, 1.27; oats, No. 1 white, 47-47%; No. -2 white, 4712; No. 3 white, 44-45; no rye; soy beans, No. 2 yellow, 1.48%; No. 4 yellow, 141%; barley feed, 62- 73 nom.; malting, 95-1.03 nom; tim- othy seed, 4.25-50 hundredweight; clover seed, 23.00-30.00 hundred- weight. Baltimere Quota tions. BALTIMORE June 7 (P)— Wheat. No. 3 Ted Winter. garlick: t dcmu!lc. 137. MACKAY EXECUTIVE NAMED. NEW YORK, June 7 (#).—H. L. Rodman has been placed in charge of Atlantic seaboard operations of the Mackay Radio & Telegraph Co., Ad- miral Luke McNamee, president, an- nounced. Rodman started in 1904 88 & messenger.