Evening Star Newspaper, June 8, 1937, Page 18

A—18 xxx POSTAL RECERTS CONTINUETORISE May Total Well Above 1936. Hits All-Time Peak for Month. BY EDWARD C. STONE. Indicating further steady improve- ment in business conditions in Wash- ington, receipts at the City Post Office {n May were higher than in May, 1936, and also for any May on record. Receipts at the city office totaled $388,407.43 in comparison with $572,- 633 in May a year ago, an increase of $15,774.43 or 2.75 per cent. This was # direct turnabout from April of this year when postal receipts for the first time since recovery started were slightly lower than in corresponding tronths. The gain of postal returns in May and the first five months of 1937 is in line with reports on bank clearings in the Capital which revealed a pick- up of $9,702,227 over May, 1936, and an advance of more than $81,000,000 in the first five months of the present year compared with the like months a year ago. For their value in reflecting business trends in the Capital, postal receipts in the first five months of 1937 are compared with the same months in 1936 1937. - $577,503 581,899 685,946 615,897 643,837 588,407 572,633 Roberts Comenhnn Speaker 1. J. Roberts, assistant cashier, Riggs National Bank, addressed the national convention of the American Institute of Banking in St. Paul today, accord- ing to dispatches, on “Personnel Training for Bet- ter Public Rela- tions.” Banking is es- sentially a busi- ness of human relationships, he declared, and the measure of & bank's success is determined by the extent to which it recognizes its obligations to so- ciety, the sincer- tty and intelli- gence of its efforts to merit the good will of the public. He emphasized the word “merit” because public confi- gence cannot be bought but must be qarned. It cannot be attained quickly @= by artificial methods, he asserted. _ In recognizing these facts, he added, | ks have lagged far behind punnci tility and merchandising organiza- ons, which for many years have em- Phasized the value of developing gclentific methods for handling their | public relations problems. i The bitter experience growing out #f the depression aroused the banking profession to the necessity of dispell- g public misunderstanding of the proper functions of banks and of their methods and policies, Mr. Roberts said. In outlining the development of & practical course of procedure, he de- picted most fully the methods used by the Riggs Bank in the last two or three years in arousing among the per- sonnel a sense of the importance of the problem, and gave an outline of the great number of ways by which a new deal in public relations has al- ready been brought about by this bank. - Mr. Roberts said the meetings of the entire staff to hear talks by offi- eers and other experts have proved so | beneficial that the present plan will be made permanent. Bankers Get Lively Greeting. The Washington delegation at the American Institute Convention got an unexpected greeting on arrival at St. Paul. There is a strike on in the hotel where they are staying. Means some long walk-ups, very irregular meals, if any, and a lot of extra ex- eitement they had not planned for when they made the reservations. They found a large number of pickets parading in front of the hotel, huge placards stating that the hotel was unfair to organized labor. The dele- gates are probably finding 1t a bit dif- feult to concentrate on banking and high finance. Oversubscribed Six Times. Forecasting that the Treasury's $800,000,000 note offering would be oversubscribed six times, Secretary Morgenthau announced last night that books on the issue had been closed. Bubscriptions placed in the mail be- fore midnight will be accepted. Through 5 p.m. yesterday the sub- eeriptions on the $400,000,000 issue of 1% per cent notes, due September 15, 1039, aggregated $1,788,000,000 and subscriptions on the $400,000,000 offer- ing of 1% per cent notes, due March 15, 1942, aggregated $1,843,000,000, Becretary Morgenthau stated. Price Action Significant. ‘A significant feature of the stock baarket in the past month has been the comparative steadiness of prices during a period of adverse news de- velopments. _Price steadiness in the face of bad Rews is a sign of a technically strong stock market, in the opinion of Brookmire Economic Service. “After & reaction, such as occurred in March and April, apparent symptoms that #tocks are forming a base for a re- hewed advance are (1) resistance to bed news, and (2) reduced volume of frading whih reflects slackening of balling pressure. Both of these tend- wicles have been in evidence for a pumber of weeks.” Capital Transit Stronger. ‘Capital Transit stock sold to the extent of 180 shares on the Washing- fon Stock Exchange today at 11. This s the best price for some weeks. It plosed with 1012 bid and 1134 asked. Washington Railway & Electric pre- ferred again lgd the market in volume pf trading, about 60 shares changing bands at 110);, same as yesterday's close. Two 100-share lots of Real Estate Mortgage & Guaranty preferred moved at 5Y and 60 more shares ot 5%. Capital Traction 5s were in demand at 88, two $1,000 transfers being re- corded at that figure. Heard in Financial District. Both President Rcosevelt and Secre- tary Morgenthau in private conversa- tions with visitors have been stating repeatedly the intention of this Gov- ernment to hold its gold price at $35 per ounce despite contrary rumors, ac- capding to persons who have talked with them. BState and municipal financing for May aggregated $46,172,286 as com- pared with $96,541,554 in May, 1936, according to the Daily Bond Buyer. The total for the first five months of 1937 is $504,717,234, as compared 1936. $612,593 578,005 | 601,007 | . J. Roberts. Prey High. 22% 80% 2581% 334 114’- 41% 5% 80% 121 174 71 lM‘u 187 9 283, 112 30t 233 623, 1051 20 12915 5% 91y 176% 100 411 1131 481 824 120 107% 415 8634 23% 6015 111 6874 4 18% 32 T% 6% 334 8% 101 135% 21% 92 10% 40% 113 44% 132% 170% 25% 10414 628 112% 51% 20% 108 3914 695 80k 120 21% 4% 1914 4! 108 5% 1% 106% 37 100% 25% 108% 81% 14% 127 20% 109% 8% with $516,656,075 for the same period 1ast year. - 23% 90% 8415 s 63 3 474 i 27 FINANCIAL By Private Wire Direct to The Star. 1937 Stock and Low. Dividend Rate. 63% Acme Steel (4) 15 Adams Expres: 67% Alr Reduction (11)_ 2% Air-Way Electric.. 11% Alaska Jun (160¢).. 23, Alleghany COrp .. 43% Alleg pf ww $30... 433, Alleg pf ww $40._ 218 Allied Chem (6) .o 21% Allied Mills (b2)___. + Allied Mills (b2)rts. 15 Allfed Stores (b20c) 7612 Allied Strs pf (5)._. Allis-Chalm (b1)_ 4% Amal Leather_ 90 Amerada Corp —- 21% Am Bank Note (t1). 59 Am Bk Note pf (3).. 57% Am Brake Sh (12)_. 95 Am Can (14) _ 15213 Am Can pf (7). 5013 Am Car & Fy (b25¢) 87 Am Car & Fy pf(b4) 30% Am Chain & C b50c_ AmChain&Copf5__ 25% Am Crys Sug b2 ¥ T4 Am & Foreign Pwr. 5 Am & For Pw $7 pf_ Am Home Pr(2.40). 213 Am Ice _._ 17! Am Ice pf (2) 131x Am Interntl (a40¢)- 4212 Am Locomotive._ Am Loco pt (a3) 204 Am Mach & F (11)__ 9 Am Mach & Met 60c. 4515 Am Metals (b25c) - 8% Am Power & Light_. 43% Am Pw & Lt pf (5)_. Am Pw & Lt pf (6) 204 Am Radiator 160c__ 31% Am Roll Mill (2) __ 28 Am Safty Ra 221, Am Seating ( 41 Am Shipbldg ( 79% Am Sm & Ref ( Am Steel Fdy (b1) Am Steel Fdy pu.), Am Store: Am Tel & Teleg (99 Am Tobacco (B) 5.- Am Tobacco pf (6)_. Am Type Founders._ Am Water Wks 80c_ Am Woolen _ __ Am Woolen pf (b2)- Am Zinc & Lead Anaconda Cop b7ic- Anchor Cap (60¢) . Andes Copper __ Armour of [11(b35¢) Armour (1) pr pf 6. Armstrong Cork(2). Arnold Const b7e.. Artloom Corp._ Assoc Dry Goods 17 16014 T4 595 6% 813 5Tl 11y 10 Atl Coast Line(al)_ 28 Atl Refining (t1) 07 Atl Refin pf (4)_. 151 Atlas Corp (80c) 5012 Atlas Corp pf (3) 70 Atlas Powder bl 21'4 Auburn Auto_______ 5% Aviation Corp Del_.. 5% Baldwin Loco (d) ... 4% Baldwin asd (d) .. 20% Baltimore & Ohfo_ % Baltimore & Oh pf_. 295 Barber Co (b25¢) 23'4 Barker Bros 241 Barnsdall (1) _ 14! Bayuk Cigar t7 111% Bayuk 18t pf (7) 221y Beatrice Cream t 105 Beech-Nut Pkg(t4). 19'%x Bendix Aviat'n b30c 20% Benef Ind Ln (b5c) 48 Best&Co (214) ___ 73 Bethlehem Steel(bl. 18% Beth 6% pf (1) _ 1133% Bethlehem pf (7). 415 Black & Decker (1) 22 Blaw-Knox (bd5c).. 31% Boeing Airplane _ 407 Bohn Alum & B(3)_. ® Bor,c ‘Warner (2)._ 2'% Botany Mines A (d). 15 Bridgep’t Brass(1)_ 41 Briggs Mfg (bl1z)_. 21 59% Bklyn-Man T pf(6). 174 Brunswick-Balk 157 Bucyrus-Erie _ 8% Budd (EG) Mfg_ 8 Budd Wheel b20c 31 Bdllard Co (b50c)_ 50% Bulova Watch (14)_ 25% Burr Add M (80c) _. 7 Bush Terminal __ 26 Bush Terminal deb_ 4 24Y% Bush T Bldg pf cod_ 13'% Butler Bros (60c)_. 4 28% Butler pf (1%)_. 4'3 Butte Cop & Z(a5c). /s Byers (A M) __. 671 Byers (A M) pf_ Byron Jackson (t1). 37 Calif Packing (1%). 2% Callahan Zinc-Lead. 12 Calumet&Hec b75c_. 26 Campbell Wy (t1)_. % Canada Dry G Ale__ 4 Canadian Pacific__. 3 44% Cannon Mills(b50e) « 50 Cap Adm pf (A)(3). 34 Carpenter Stl b1.62_ 7 Carriers & G (b10c). 138 Case(J 1)Co (4)_ 8514 Caterpillar Tr (t 26% Celanese Corp b1%;. 106'4 Celanese pr pf A(7). 3613 Celotex Corp(* 40c). 73% Celotex Corp pf(5).-. 7' Central Foundry.... 100% Cent 111 Lt pf(4%)_. 18 Central R Rof NJ.. 60 Cerro de Pasco (4).. 14% Certain-teed Pra_._ 35% Champion Pap (11). 108 Cbampion P pf (6)-. 547 Ches & Ohlo 12.80_.. 2% Chil Grt West (d)__. 12 ChiGrt West pf (d). 24 Chi Mail Ord 1% __. 41 Chi M St P&P pf(d). 312 Chi & N W (d) __. 214 Chl R 1 & Pac (d)«. 5% Cht RI&P 6% pt(d). 5% Chi RI&P 1% pt(d). 16 Chi Yellow Cab (2)_ 153 Chickasha Cott'n Ofl 12% Childs Co _ 106% Chrysler Co: 187% City Ice & Fuel (2 )_ 83 City Ice & F pf 6% 7 City Stores.._ 32Y% Clark Euuibfll 60) 105 ClevElIllupf4l.__ 35 Clev Graph Br (2)_. 126 Cluett Peab pf (7) 122% Coca-Cola (t2) __. 19% Colgflle-l’-l’('fioc)- 102 Colgate-P-P pf (6) - 50 Collins & Aikn (12). 108% Collins & Aik pf(5). 33 Col Fuel & Iron(bl) 11% Columb G & E1(40c) 85% ColG&Epf A (6) .. 31 Columb Pic vte (11) 563 Comcl Credit (t4).. 631 Comcl Inv T (14)_ 103% Comcl Inv T pf 43§ _ 1314 Comcl Solv (160c) .. 2 Comw & Southern. 134 Conde Nast Pub_ 35% Congoleum-Nrn(2). 83% Con C pr pf ww 634 88 ConCpfxw (6%) 34 Cons EdisN Y(12)_ 102% Cons Ed N Y pf(6)—. 3 ConsFilm._.____.. 14% Cons Oil1 (!00)_-— % Cons Textile (d) ... 814 Cons Coal(Del)vte.. 20% Container Corp 1.20. # Contain rts June 28. 213 Contl Baking (A) ... 2% Contl Baking (B) ... 50% Contl Can (3) 19% Contl Diamond (1)- 35% Contl Insur (11.60; 2 ‘'Contl Motors. 39% Contl Oi1 Del 62% Corn Ex Bank (3)_. +54% Corn Prod Ref(t3)_ 102% Crane Co v pf (5) . % Crane Co (rights) - 29% Cream of Wheat(2). 70% Crown Cork & S(2)-. 17 Crown Zellerb. 98% Crown Zell cu pi 51 Crucible Steel __. 8% Cuban-Am Sugar. 110 Cub-Am Sug pf(b5). 10% Curtis Publishing.. 86 Curtis Pub pf (7). 5% Curtiss-Wright___o 16% Curtiss-W (A)aS0e. 73! Cutler-Ham 21)--— All New York markets are now on daylizht saving Mn. Bales— add uo. High. Low. Close. v:hn. 3% 7319 3% 16% 7% 27 124 3 44'y 16% 4% = 3 o D e T R B D DT S 993 51ty 30 1094 154 503 [ el ar-mgnanme R o - =TT e o N L AN O 3 S o s o S Som 58% 5 43% 4214 102% 102 & 26 116% 116% 1164 3 32 30% 30% —1%, 2 73 8% 3% — % 82 20% 19% 20 + % 1 99% 99% 99K — 1 63% 1 8% 8% 90s 118 118 24 5% 5% 9 18% 18% 18% + % 4 80% T9% 804 +1% 26 ‘IGN -% 43 + 102% - B 63% 63% 118 + % 15 (1% 11% 11% 2 86% 864 86% — % THE EVENING STAR, WASHINGTO Prev. 1937 High. Low. _ Dividend Rate. 24 19 Davegacum pf1¥. 13744 104% Deere & Co .. 26% Deere & Co pf 24% 17% Del Lack & West I‘S‘m 111% Detrott Edison (t4). 28% Diamond Match (t1 Z’{ 17% Diamond T Mot (1). 20% Distil Corp Seag-._. 84 Distil C Sea pf ww b. 19% Dixie Vortex(13%4) . 3814 Dome Mines (12)... 47% Douglas Afrcraft__. 180%4 148% Du Pont de N(b2%). 135% 131 DuPont deN deb(6). 175% 151 Eastman Kodak (8) 163 150 Eastman Kod pf(6). 37% 31% Eaton Mfg (2)-—eee 16 114 Eitington-Schild_ .. 21% E] Pasg Nat G 1.60.. 34% Elec Auto Lite 3.20. 9% Elec Boat (a60c) ... 4% Elec&Mus 1 (al8¢)- 15% Elec Pow & Light_.. 59 Elec Pw & Lt $6 pf_. 62 Elec Pw & Lt $7 pf_ 36! Elec Storage Bat (2 x 1 Elk Horn Coal (d).. 3% Elk Horn Cl pf (d).. 5 E Stock and 29 45% 9‘4 Eureka Vac (80¢)... 23% Evans Prod (t1) .o 3% Exchange Buffet. 20% Fairbanks Co pf. 49'% Fairb'ks-Morse (t1) 51'; Fajardo Sugar (b2). 5 Fed Screw Works_.. 3% Fed Water Sve A _. 45% 36 Fidel Phoenix 11.60. 413 32% Firestone T&R (2) . 107'2 102 Firestone pf A (6).. 5214 40 First Natl Strs 12%. 46 29‘/. Flintkote Co (1) .. 9% 5 Follansbee Bros(d). 135 106 Foster-Wheeler pf_. 3214 24% Freeport Sulph (1)~ 4% Gabriel Co (A) Gflmewel] Co.. 3 Gen Am Trans m %. 213 Gen Baking (160c) . 138 Gen Baking pf (8)-. 8% Gen Bronze 22 Gen Cable.. 45 Gen Cable (A) .. 49% Gen Electric (b30c)- 36 Gen Foods (2). 114 Gen Gas & Elec - 50 Gen G&E 6% cv pfA 54Y% Gen Motors (b13)_. 874 Gen Outdoor Adv ... 15's Gen Print Ink b30c.. 41% Gen Ry Signal (1)_. 3 Gen Realtv & Util.. 56 Gen Steel Cast pf__. 15 Gillette S Raz (t1).x 80 Gillette S R pf (5).. 20% Gimbel Bros._. 8274 Gimbel Bros nf(fi) 41 Glidden Co (t2) 5114 Glidden cv pf(2%) . 4% Gobel (Adolf) . 5% Goebel Brew (t 31 Goodrich(BF) b50c.. 7913 Goodrich pf (5) ... v 27% Goodyear T & R bl_. 100 Goodyear cu pf(5).. 3 Graham-Paige_.. 615 Granby Cons._ 3 Grand Union ctfs 34% Grant (WT) (11.40) 40% Grt Northern pf. 19 Grt Northn Ore 34 Grt West Sug 12.40_ 7% Green HL (11.60) .. 123, Greyhound (180c)._. » Guantanamo Sug-— 11% Gulf Mobile & N 1 Hackensack W bisc 4 Hamilton W (b65c). Harb-Walker (12).. 4 Hayes Body. 4 101 Hazel Atlas G % 11% Hecker Prod (160c). 11) 2125 Hercules Pdr pf(6). 111 102'; Hershey Ch pf(t4). 52% 354 Holland Fur(al%)- 30% 21 Hollander & Son(1). 43} 31! Holly Sugar (12) .. 431 336 Homestake (112)._. 20'4 Houd-Her B (t1134)_ 57% Household Fin (4)_. 88% Househ'ld Fin pf(5) 1213 Houston Ofl vte - 623% Howe Sound (13 15'% Hudson Motor 3 Hupp Motor._. 2215 I1linots Central ... 45 Illinois Cent pf A__. 62 Il CentlsIn (4) 123% Indian Refin (al1).. | 47% 36% Indus Rayon (2)__. 144 125 Ingersoll-R'd (bll) | 131% 94 Inland Steel (14) 33 17% Inspiration Cop- 4% Insur Sh Md (bl 644 41 Interchem Corp(t2) 111% 107' Interchemical pf(6) 11'3 4% Intercontl Rubbe 28!3 16'4 Interlake Iron 91y 5 Intl Agricultural 632 42 Intl Agripr pf(b3)- 189 1491 Intl Bus Mach(16)_. | 112% 99 Intl Harvester(2%) 162 1447 Intl Harv pf (7) 87 Intl Hydro E1 A_ 6% Intl Mercantile M_, 10 Intl Mining (b30c)- % 55 Intl Nickel (b1).oo 1614 Intl Paper (A)eee—o 10% Intl Paper (B) e 5% Intl Paper (C)eaaee 90% Intl Paper pf____... 6574 Intl Ry Cent Am___ 6% Intl Ry Cent Am vtc 5 435 Intl Ry C Am pf A__ 25 Intl Salt (1134).. 4214 Intl Shoe (12) .. 313, Intl Silver__ = 90 Int Silver pf (b6)_. 9% 1ntl Tel & Tel . 201 Interstat Dp St 17% Intrtype Corp b30e.. 25% Island Creek (2) 125 Johns-Manv (13) 120% Jon&L 7% pf(b1%). 20 Kans City South___. 3214 Kans City So pf(al). 1614 Kelsey-H A (a1%).. 51 Kennecott Cop b1%. 38% Kimberly Clark(1) - 6% Kinney (G R) Co. 8% Kresge Dept Store: 21% Kresge (S S) b60c__ 18'% Kroger Groo (11.60) 18% Lambert Co (2) ... 17 Lee Rubber (50c) ... 1% Lehigh Valley Coal. 16% Lehigh Valley R R.. 38% Lehman Cor'n 61% Libbey-Ow-F b’ 9% Libby McN & L(al). 93 Ligg & Myers (t4) .. 94% Ligg & Myers B t4_, 18% Lily Tulip (11%)._. 59 Lima Locomotive__ 43% Liquid Carb (2.60) . 64% Loew’s Inc (12) —caa 2% Loft Inc 50% Lone Star Cem (3)-. 6% Long-Bell Lumb(A) 21% Lorillard P (1.20) 19% Louis G&E A b3T%¢ 86% Louls & Nash b2% _ 29% Ludlum Steel (11) .. 4130 MacAndrew pf (6)-. 26% McCall Corp (12) ... 14% McCrory stores._. 18 McGraw H P b27%e. 32% Mcintyre Porcu(2). 31% McKeesp't Tin P(2) 12% McKesson & Rob 44 McKess & Rb pf( 12Y% McLellan Strs b75c. 42% Mack Trucks (11)_. 44% Macy (R H) (2)__. 11% Mad Sq Garden b%5¢ 45 Magma Copper (2)-. 19% Manhat Shirt (1)-.. 3% Maracaibo Oil Exp.. 18% Marshall Field ... 22 Martin (Glenn).._ 7 Martn-Parry ceeea 50 Masonite (t1)_____. 51% May Dept St (13).. 914 Maytag Co (ab0c)_ 25% Mead Corp (b50c) 931% Mead Corp pf (6).. 11% Mengel Co.. 38% Mengel 1st pf (234)- 58 Mesta Mach (b2%)- 14% Miami Copper. % 27% Mid-Cont Pet (b50c) 122 114 Midld Stl 1st pf(8) . 120 96 Minn-Hon Ros (2)~. 16% 11 Minn Moline Pow__. 2% 1% M St P&S S Marfe_ 84 25% Mission Corp (b1). 9% 6% Mo Kans & Texas. 84% 24% Mo Kans & Tex pf A 6% Mo Pacifio (d) e 12% Mo Pacific pf (4)... 40% Mohawk Carp 11.20. 101 Monsanto Ch b75c. 69 Montg Ward (12) Sg% Morris & Esx (3%)- 14 38 P44t +444+ 73 30 155 136 h—h 8% 5% — % Mother Lode al2%e. 307 Motor Prod (b1%) 20 Motor Wheel(1.60). * o, > wanduZomwonars B 9 00 i RO R R = ST o TR AN INN OO RWHO A A ANO NN W - > \ - - oo s S o ErfuarfniomonaonrnnaranRuomos [ M o S5 4 ST YOy Net . chge. +1% + W + % FEFFEL ti4+++++++01011 FIrrSEE FFEL FE 128 129 . 41% 123 21% 67 49 81w 2% 57% 7 21% 193, 884 32% 130 26% 17 20% 34% 36% 14% 44% 13% 46% 46 11% 48% 122 | e 21 'y 33 » 16% — % 59% +2 39 —2% 6% + % 10 21 1874 19% 264% — % 1% 17 42% 67% llh - % =1 - % - % Y4 +3% Y 99% 100% ]00‘. ke § 21% +2% 67 —1 49 +y% Sl% + % 59 +1% 7 22 + W 19%+h TUESDAY, Prev, 1937 High. Low. b4 398, 993, 36% 90 20% 24% 18% 33% 103% 3874 2644 24% 35 lfili Stock and Dividend Rate, 40 Mueller Brass (t1). 1 24% Mullins B (a50c) 2 84% Mulliny pt (7). 27% Munsiugwear (3) 70 Murpky (G E) 3.20 11% Murruz Corp(a0c). 17% Nash Kelv (1)_ 11% Natl Aviation ( 24% Natl Biscuit (1.60) 96% Natl Bnd&I pf A (5). 29% Natl Cash Reg (1)_. 21% Natl Dairy Prd 1.20. 16Y% Natl Dept Stores___ 27% Natl Distillers(t2)_ 14% Nat'l Gypsum Co_._ 311 Natl Lead (150c)___ 171 154% Natl Lead pf A (7)_. 14% 8% Natl Pw & Lt (60¢). 94'% 70 Natl Steel (1234)... 109% 62 Natl Supply Co. 1244 6% Natl Tea__ 41% 28 Newport Ind(b50 55% 40 N ¥ Central__. 100 83 NYChi&St 31% 25% N ¥ City Omnibu; 25% 17 NY Dock pf._._ 135 121 N Y & Harlem (6). 1 NY Investors (d)_— 3% NYNH&H (d)- 15 NYNH&Hpt (d)_. 2% N Y Ontarlo & W___ 84 N Y Shipbuilding. 56 N Y Shipbldg pf_ 5% N Y Steam pf (6) 85 N Y Steam pf A( 2 Norfolk South (d)_. 9% North Am Aviation_ 21 North Am Co (b60c) 97% North Am Ed pt (6) 93 Northern Cent (4)__ 27% Northern Pacific 49 Northwest Tel (3) 3% Norwalk Tire & R-_ 17% Ohio Oil (b50c)_. 53%; Oliver Farm Equip_ 4 16% Omnibus Corp vtc_ 121« Oppenheim Collins_., 33% Otis Elevator b40c_. 14% Otis Steel 2 1308 Outboard Mot b7sc . 4 Owens-I11 Glass (3) 4 Pacific Am Fish 1.20 28Y% Pac Gas & Elec (2)_ 53% 41i% Pac Lighting (3)___ 152 1343 Pac Tel & Tel (8)_. 293 20% Pac West Oil(a65¢c). 12% 8% Packard Mot (b15c). 121 60 Panhandle P&R pf_. 28% 17% Paramount Plc ._. 16} Paramnt 24 pf 60c. 4 Park Utah 37 Parke Davis(bl. 40). 23% Parker Rust (11%4). 4'» Parmelee Trans. ___ 14% Patino Mines(160c). 3% Peerless Corp.. 38's Penick & Ford 87 Penney JC) (4). 22 PaGlass ctfs b25 39% Penn Railroad (l2)- 49% Peoples Drug (11) 44'% Peoples Gas Chi. 4 Pere Marquette 73 Pere Marq pr pf 820 16% Petrol Corp(A) b40c T4 Pfeiffer Brew b60c .. 43% Phelps D b80c x rts_ *s PhelpsD rts June?23 Phila Co 6% pf (3)- 4 Phila Rap Tr (d)._. 8'y Phila Rap Tr pf(d). 1! Phila& Read C&I_. 70 Philip Morris(b3%) 4913 Phillips Petrol'm 12 2813 Pilisbury Flour 1.60 1015 Pittsburgh Coal - Pittsburgh Coal pf. 1314 Pitts Screw&B blsc. 913, Pitts Steel pt. 3% Pitts United 312 Pitts & W V « Plymouth Oil 4 Poor & Co (B) __ » Porto R Am Tob A_. 8 Postal Tel&C pf(d). 19Y% Pressed Steel Car__. 551 Proctor & Gam(t2). 1183 114% Proc & Gamb pf(5) . 37% Pub Sve N J (2.60)_. 4 100% Pub Sve NJ pf (5) . 128!3 114 Pub Sve NJ pf (6).. 72% 55% Pullman Inc (1%). 24% 17% Pure Oil_ 8¢ 42 15% Purity Bak (60¢ 16 Quaker State O b4sc 814 Radio Corp. 8213 Radiopf A___ - « Radio 1st pt (315) 7% Radio-Keith-Or (d). 29 Raybestos M (t1%) 37 Reading RR (2)___. 814 Real Silk Hoslery__. 21 Rem-Rand (bs5c) . 80 Rem-Rd pf ww 4% _. 5 Heo Motor Car. 274 Republic Steel 22'3 Revuolds Met (t1)_. 112 102's Reynolds M pf 53 __ 34% 20% Reynolds Spr (t1)_. 58 49 Reynolds Tob B (3). 38 38 Ruberoid Co (60c)_. 113 106'% Safeway Str pf(6) 65 43% St Joseph Ld (t2)__. 11% 6% L-San Fr pf (d) 27!4 144 Savage Arms b2 513 40% Schenley Dist bl114_. 3k %2 Schulte R Strs (d) .. 451 38 Scott Paper (b65c) . 2l 1% Seaboard Air L (d)- 85 4% Seaboard A L pfed). 541a 36% Seaboard Ofl (1) __. 95% 81 Sears Roebuck (3) 34 26 Servel Inc (11)_ 424 29 Sharon Steel (11.20) 14 94 Sharpe & Dohme. 343 25% Shell Un O!l (a - 1053 102 Shell Un Oil pf 5% . 177 12% Silver King (b65c)_. 68 40 Simmons Co (b50c). 4% 3% Simms Petrol ___. 60% 42 Skelly Oil (b50c) 5413 30! Smith (A O)__. 20% 16% Socony-Vac (b25¢) - 6% 3% South Am G & P 30c 155 141 Sou Porto R S pf (8) Ao - 3 o B T R Add 00. High. Low. Close. m; 40% 40% 308 122% S | 108 142 102 JUNE Prev. 1037 Bialh Low. 65%, 43% 60% 40% + % 26 + % 84k 25% 841 2% 2% 12% 18% 12% 2“/& 34‘6 31 1914 Spiegel, 79 17% 22% 11% 407 174 26% 1004 2814 148% 161 2015 24% 137 23% 43% 223 724 19% 10 79 39% 26 47 12% 41 V. T 89 19% 49% 197 183, 10% 18 4215 12% 46 38% e 1 L ) 34 | FEFE FFE OF FS 38 |+_|‘4+ 31 11:00 A.M 2:00 37 3%+ W 142 x Ex dividend. Btock and Dividend Rate. 2215 So Cal Edison t1% .. 421 Southern Pacifie..... 24 Southern Ry._. 45 Southern Ry pf. 8 Spalding (A C) 98 Spang Chal pt ( 5% Sparks- Withing - Spencer Kell (1.6 17 Sperry Corp vtc(al) 45% Spicer pt A (3) 817% Splegel cum pf(43%4) 150l 37% Square D(B) b60c__ 12% Stand Brands(t80c) 5% Stand Gas & £l (d) - 15 Stand G&E $4 pf(d). 42 Stand G&E 37 pf(d). 40% Stand Ol Calif(t1). 42 Stand Oil Ind (t1).. 6314 Stand O1l NJ (+1)._. 631, Sterling Prod $3.80_ 17% Stewart-Warn t50c.. 19 Stone & Web(a25c). 13% Studebaker Corp._... 40% Superheater (13;)_. 4% Superior Oil_ 30 Superior Steel . 321 Sutherland P t1.! 60 23% Swift & Co (11.20) ... 30% Swift Internatl (2). 15% Symington ww bl0e. 117% Symington xw bl0a. 6% Telautograph(60c). 10% Tenn Corp (alc) ... 50% Texas Corp (2) -, 6% Texas Gulf Pra5c_. 351 Texas Gulf Sul (12) 11% Tex Pac C&O b10c.. 10'% Texas P L T (a10c). 35% Thatcher Mfg (11).. 8% Thermold Co...._.. 515 Thompson Starrett.. 16% Tide Wat As Oil 800 91% Tide Wat A O pf 415 7a 21'% Timken-Detroit(11) 13% Trans Wst Aira2e. 8 Tri-Cont'l (b25c) _. 33% 20th Cent Fox b50c_ 9% TwinCity RT___ 167 Twin Coach (blac)_ 76% Und-Ell-Fish b1l 63 Union Bag & P 95 Unlon Carb (3.20) __ 23% Union Oil(Calif)1.20 126 Union Pacific (6) __. 993 90% Union Pacific pf(4). 35% 23% Utd Adrcraft(as0c). 24% 15% Utd Alr Lines a20c... 117"¢ 113 Utd Biscuit pf (7). 69% Utd Carbon (4) .. 5% Utd Elec Coal_ 465 Utd Eng & Fy (12)_. 77 United Fruit (13)... 121 Utd Gas Imp (1) ... 1137 107% Utd G Imp pf (5)—_. 62 Unit Paper'bd b30c_ 11% U S Distributins pf. 15% U S & For'n Secur._. 105% U S Gypsum (12)._. 17 U S Hoffman.._. 32% U S Indus Alcohol_- 13% 1] S Leather (A)vtc.. 5113 U S Pipe & Fdry(3). U S Realty & Imp.... 44" U S Rubber__, 84 U S Rubber 1st p! U S Smelting (b4) .. 67 U S Smelt pf (3%) 75 U S Steel 6% Unit Stk Yds (50c)- 37 Utd Stores (A) 197 Univ Cyclops Stl(1) 68 Univ Leaf Tob (13). 142% Univ Leaf T pf (8) 2 Util Pw&Lt (A)(d 115 Vadsco Sales Corp.. Vanadium Corp____. ck Chemical (12). Car Chemical __ 135 124 Virginia Ry pt (6) 70 Vulcan Detin (b3)__ 12215 117% Vulcan Detin pf(7). 13 Waldorf Sys(11.20). Walker (H) (2) ... 19 Walker (H) pf (1).. 11% Walworth Co.__... 6% Ward Baking (B)... 114 Warner Bros Pict_.. 6% Warren Bros (d)___ 33% Warren Fdy&P(t1). 28!3 Waukesha Mot (1) .. ‘Wayne Pump (2) ... 4% Webster Eisenlohr.. 43'5 Wesson O&S (t50c). 80 Wesson O&S pf (4). 90% West Penn El A (7 92 West Penn El p£(7). 26'4 W'n Auto Sup 1.60__ 1514 Western Md 2d pf._.. 54% Westn Un Tel (3).. 417 Westingh'se A B(1) Vesthse Elec (b2) _. tvaco Chlor (1). 291% Westvaco 5%pf 1%. Wheeling Steel ... 21% White Dental t1.20_. 217 White Motor._. 14% White Rk M S(1.40) 4% White Sewing Mach 44 Wilcox Oil & Gas 8% Wilson & Co (50c 44% Woolworth (2.40) _ 32'5 Worthington Pump. 77% Worth Pump pf(B). 6814 Wrigley W Jr (13) . 487 Yale&Towne(160c). 204 Yellow Tr & Coach.. 37% Young Spr& W (13). 75% Ygstn S&T (b76c) .. 97% Ygstn S&T pf (535). Zenith Radio (b1).__. 5% Zonite Products.. Approximate Sales of Stocks on the N. ¥. Stock Exchange. A TRANSACTIONS ON THE NEW YORK STOCK EXCHANGE Bales— Add 00. gllh. Low. Bales— Add 00. High. Low. Close. 6 247% 24% 24% 52 b5l% 52 + 38% 3Tk 31’% 50% 49% Bl 99 5% 31% 1% 4T% cnu % + % + % 5 & Ine (1) FFEFREER FISFIEEERS T4+ ++1+4+ ++11++11 RaNemmmn [ — 0 A NN AN R RO AR a BN » - < = e OPRTOPY S-S PTTRCT VL= P V- YUTOISIRTEI- PR PO SO @ s 2614 39 854 99 25% 391 85 99 33% +1 5h = 1 33% 5% 150,000 12:00 \ool\ 220,000 400,000 1:0! -850,000 o Sales for the Day 600 000 Dividend rates as given in the above table are the annual cash Dayments based on the latest quarterly or 3 Unit of trading less than 100 shares. not including extras. d Companies reported in recelvership or being reorganized. f-yearly declarations. 1 Annual rate— aPaid last year. bPald this year, CHICAGO GRAIN By the Associated Press. CHICAGO, June 8.—Black rust menace rushed wheat values skyward today, 5 cents & bushel at Minneapolis, the extreme immediate permissible limit. In Chicago the wheat market wildly bounded up around 4 cents just be- fore trading ended for the day. Late reports of adverse crop conditions in Canada and in domestic areas South- west added impetus to buying. At the close Chicago wheat futures were 23-3% above yesterday's finish (July, 1.09%-%; September, 1.087- 1.09), corn %-2% up (July, 1.17% 1.18; September, 1.03%-1.04), and oats 1%-173 advanced. July September December CORN— July, July, old Beptember December_ OATS— July_____ September - December 1.00% 1.08%-08 108 147 1a2” 146 1.09% 1.00% R4y, 6% . 7 7% .80% T tober December July______ -84, September_ 82 2 ember_ % Chicago Cash Muket. Cash wheat, No. 1 hard, 1.22; corn, No. 2 yellow, 1.23-26; No. 3 yellow, 1.22-24; No. 2 white, 1.25; oats, No. 1 white, 451, cereal; No. 1 white, reg- ular, 47; No. 2 white, 4514-46%%; No. 3 white, 4414-46'2; No. 3, white, 44%4-%; No rye; soy beans, No. 2 yellow, 1.47%; No. 3 yellow, 145; barley No. 1, Illinois, 95; feed, 62-73 nominal; malting, 95-1.03 nominal; timothy seed, 4.25-50 cwt.; clover seed, 23.00-30.00 cwt. Winni, Prices. (o NNIPEG, Tune '8 P—Grain ranse Previous High, Low. Close, _ close. L18% 119% 118y 1.13% 077 111% 1.08%-% Dec. S ll‘/. 1.07 OA’ T8 1.10% 1.07: Ny .. D% 52% 5% 5% Further Upturn In Production of World Gold Seen By the Assoctated Press. NEW YORK, June 8—A continu- = INSURANCE STOCKS NEW YORK. June 8 (®.—New York Security Dealers’ Association: « Bid. Aetna Cas (2a) By, Aved 453 ation in the upward trend of world |E2lt gold production was evidenced today in a gain for the first four months of this year in world output, exclud- ing Russia, of 712,000 ounces over the comparable period last year, as reported by the American Bureau of Metal Statistics. Production increased to 9,471,000 ounces, from 8,759,000 in the same months last year. In April, output totaled 2,372,000, compared with 2,- 424,000 in March and 2,236,000 in April, 1936. Higher prices for the yellow metal together with lower commodity prices have nearly doubled world output in ounces since 1929. B. & 0. LOADINGS RISE MODERATELY IN MONTH 6pecial Dispatch to The Star. BALTIMORE, June 8.—Carloadings on the Baltimore & Ohio Railroad for the month of May, 1937, totaled 229,- 486, comprising 149,893 cars loaded on line and 79,593 received from con- nections. This was an increase of 29,050 cars over the month of May, 1936, when the total was 200,436, con- sisting of 129,009 cars loaded on line and 71,427 received from connections. /1t also was an increase of 7,681 cars over the month of April, 1937, when the total was 221,805, of which 143,293 cars were loaded on line and 78,512 received from connections. For the week ended June 5, total loads were 46,182. For the same week -of last year the total was 48,728. During the previous week the total By was 53,775. DISTRIBUTION ORDERED. NEW YORK, June 8 (Special).—Di- rectors of Carriers & General Corp. have declared a quarterly dividend of 5 cents per share on the common stock, payable July 1 to stockholders of record {une 18, 1937, L] Fireman’s ka (.30) Frank Fire (1a)_ Hanover (1.60) Hartford Fire (2)_ Home Fire Sec. Home Ins as Homestead Kniekerbocker (.80)7 Lincoln Fire Phoenix (2a) Prov Wash (1 Revere (P) Rossia Ins (.60a Bt Paul Fire(8) Springfleld (4%4a) Sun Life (7). Tragelers (16) 458 2) 5215 Vestenester (1208 = Zo8a —Also_extra or extras —Declared or paid so far this year. FREIGHT LOADINGS. NEW YORK. June 8 (#.—Revenue frelent, carloadings on railroads reporting | today for the week ended June 5 included. June 5, Prev. wk. Yr. ago, Atchison B. & O. i METAL MARKET. NEW YORK, June & (#.—Cop! !!ntrolnlc spot and future, 14 Of 4.10. Tin easier: spot and nearby. . .75. Lead steady: .05 l IBL lauu spot, Elb Ksilver. platinum lnd 'ol(nmlu un- e Studebaker Corp.—Sales of passen- ger cars and trucks in May totaled 8,577 units, against 8,709 in May, 1936. | little or no headway. | Steel | Homestake Mining, | Electric Auto-Lite, Douglas Aircraft, * | Boeing, | liquidation following yesterday's In five months total was 46,498 units, against 40,011 in like 1936 period. STOCKS MOVEUP LATEIN SESSION Selected Aircrafts, Coppers, Steels and Specialties Stage Advance. ¥ Stock Averages nd Net change. By Today, close 93.1 Prev. day... 92.7 Month ago. 91.1 15 15 80 Rails. Util. Btks 3 +2 +3 433 430 452 349 49.5 378 435 419 41.7 428 48.0 54.0 40.9 53.7 30.2 434 557 8.7 239 169 -146.9 153.9 184.3 157.7 - 516 953 618 618 671.7 674 67.4 621 5.3 65.4 2.8 (Compiled by the Associated Press.) | ) BY VICTOR EUBANK, 1 Asscciated Press Financial Writer, NEW YORK, June 8—An upturn in selected steels, coppers, aircrafts and specialties imparted a rallying touch to today's stock market. Whether buying inspiration was found in Great Britain‘s reassurances she would stick to her non-gold stand- ard platform or whether the generally sold-out condition of the list brought belated support, was a matter of argue ment in the board rooms At any rate the price betterment was accompanied by no pick-up in trading momentum and the ticker tape dragged from the start. There also were a number of losers at the close, although few issues were especially weak. While business news was on the cheerful side, strikes in steel and other industries tended to accentuate wari- ness in the financial sector. But selling on labor developments appar= ently had dried up appreciably Transfers were around 550,000 shares. Grain and rubber futures recovere¢ briskly, but cotton continued under moderate pressure. At Chicago wheat was up 273 to 3% cents a bushel an¢ corn was Sg to 2!; higher. Although the Treasury’s new $800.- 000,000 loan was oversubscribed six times, listed Federal securities mads Corporation bonds were mixed. Share gainers of fractions to 3 points included United States Steel, Bethlehem, Inland Steel, Youngstown Sheet & Tube, Republic, American Foundries, Anaconda, Kennee Cerro de Pasco, Howe Sound, Allis Chalmers, cott, Ohio Oil, General Electric, Westinghouse, American Locomotive, Santa Fe, New York Central, Great Northern, Southern Pacific, Canada Dry, Celotex, National Cash Register, Newport Industries, Champion Paper, Wesson Oil, Lone Star Cement, United States Rubber and Goodyear. Narrow to a point or so lower | were General Motors, Chrysler, Good- | rich, American Tobacco “B,” North American, Standard Oil of New Jer- sey, American Can, Du Pont, Bush Terminal, Union Bag & Paper, Gil- lette, Pennsylvania and Atlantic Coast Line. NEW YORK COTTON By the Associated Press. NEW YORK, June 8.—Cotton was barely steady today under further s sharp break. With prices close to the 12« cent level, however, more active trade buying orders were uncovered. Partial rallies from the lows met renewed offerings. October eased from 12.22 to 12.12 and in midafternoon was selling at 1217 when prices were generally 10 to 14 points net lower. Putures closed steady. 9 to 12 lower Low. " Clo: July 1218 12 ¥ = 15 Spot quiet; middlinj Bleachable cottonseed ofl futures closed barely steady, 4 to 10 lower. Sales. 209 contracts, including 16 switches. July, 9.63-64; September, 9.68; Oc- tober, 9.64b; December, 9.57b; Janu- ary, 8.57b. b—Bid. ‘\p' Orleans Prices, NEW ORLEANS, June 8 () eAdditional selllng entered \ne cotton market in early trading today and initial transactions were 6 to R points below the previous close. Weaker Liverpool cables than expected, & continuation of yesterday's selling move- ment and & complete lack of buying sup- port were the main factors behind the carly. decline, July contracts opened at 15, October cember At March at in moderate and toward end of the first half hour the market was nervous and active positions were 12 to 13 points net lower. A private authority estimated the cotton acreage at 35.333.000 acres. or an ine crease of 141 per cent over last year Cottonseed oil opened _steady, 9.20b: September. 9.20b: October December. 9.18b: Jan; 9.13b. HELLER & CO. DECLARES 10-CENT EXTRA DIVIDEND By the Assoclatea Press. CHICAGO, June 8.—Directors of Walter E. Heller & Co., installment bankers, declared an extra dividend of 10 cents on the common stock, in addition to the regular quarterly of 10 cents and the regular dividend of 43% per cent on the $25 par preferred stock. All dividends are payable June 30 to stockholders of record June 19, July, 91803 b—Bids INACTIVE SECURITIES ‘WE INVITE THE USE OF OUR FACILITIES FOR FURNISHING QUOTATIONS AND INFORMATION ON INACTIVE OR OBSO- LETE SECURITIES. o JoHNsTON, LEMON & Co. MEMBERS WASHINGTON STOCK EXCHANGE SoutHerN Broa. DIst. 3060