Evening Star Newspaper, June 8, 1937, Page 19

FIN ANCIAL. T HE EVENING STAR, WASHINGTON, D. C., TUESDAY, JUNE 8, 1037. FINANCIAL. *¥4 A—19 Short Interest on thé New York Stock Exchange at the End of Each Month _ Short Inferesi—New York Stock Exchenge at the End of Each Month “ - CURB LIST STAYS INNARROW RANGE Most Shares Turn Lower, Aluminum Co. Eases Two Points. he Associated Press. NEW YORK., June 8 -—Stocks moved narrowly today in the curb exchange, Wwith losses predominating. Among, those losing ground were Aluminuth Co., off 2; Gulf Oil, off 1; Great, Atlantic & Pacific Tea Co., off a major fraction; Pittsburgh Plate Glass, off 1',. St. Regis Paper, United Wall Paper, Leonard Oil and Lake Shore Mines sagged. Niles-Bemont-Pond was in demand, | running up 2%. American Gas & Electric. American Light & Traction gained fractions. HUPP MOTOR COMPLETES NEW YORK CURB MARKET By private wire direct to the Star. low is daylight saving ¢ is mew eperating. All time shown on which the Execl 2:30 Stock and Sales— Dividend Rate. Add 00. High. Low. Close. Acme W vte (2) .. 258 47% 4T% Ainsworth b25c__ 1 14 Air Device Corp.. 2 24 AirInvestevpf.. 3 27 Ala Pwr pf (6) 108 61' Alabam Pw pf(7) 10s 72 Alliance Invest 1 83w Aluminum of Am 150s 1441 143 Alum Am pf (8)_ 3508 117% 117 Alum Ind (40c) _ 508 T % Am Airlines Inc. 22 22% Am Beverage _ 2% 2 Am Box B (b4fic) 200a Am Centrifugal 31 Am C P&L B h30e 4in Am Cynm B t60c_ 3214 Am & For Pw ww 20 Am G&E (1.40) __ 3% 3 Am G&E pf (6) __ 109 109 Am Gen (a50c) _ 9 Am Laund M 80c_ Am L &Tt1.20 Am Mfg (a3) _ Am Maracaibo __ Am Superpower Am Superpwr pf_ Am Superp 1st 6_. Arcturus Radio_ . Ark Nat Gas Ark N 3% 144 117 T 22'% 2% 20'a 3% 4'n 3215 2% 2% 109 20 2 1 1 11 2 9 8 9% 2T tGas (A)_ UNDERWRITING PLANS | B: the Associated Press. | NEW YORK. June 8.—The Hupp | Motor Car Corp., Detroit, has com- pleted arrangement for the under- | writing of stock to raise approximately $2,692,000 in additional capital, it was | anounced in Wall Street today | A new line of cars will go into pro- duction immediately, it was said. '\ GREEN PLAN APPROVED. ; NEW YORK. June 8 (#).—Creation of 80,000 shares of new flrst preferred | stock was authorized today by stock- holders of H. L. Green Co. Of the new stock, it was proposed to issue 40,000 shares to augment working capital and redeem outstanding preferred. The company operates a national store chain. CURB BONDS DOMESTIC BONDS | High. Low. Noon. | R 10034 10034 10034 | 9430 9430 9430 | | 87 A Ala Power 4'3s Ala Power 55 46 55 51 52 10615 5 10613 {Cent P& I P ATk | Austin Stlver _ | Babcox & Wil 4 | Bald L bd rts(d) Nat G cu pf __ Ashland Oil t40c_ Asso Gas & Elec_. A=30G & E (A) A1l Cst Fish b, Atlas Corp war. Se Auto Products Auto Vot Mch 50e Avery & Son _ _ Axton-Fisher A Barium Stain St1 Barlow&sS A 1.20_ Bath Tron Wks _ Bell Aircraft _ Berkey & Gay | Berk & Gay war _. | Bickfords (1.20) _ Blue Ridga(bise) Blue Ridge cv 3 Bow'n-Bilt 2d pf Brazil TL&P b30e Breeze Inc(a7ic). Brill Corp (A).__ Brill Corp (B) Brit-ATcuB bisc Brown Co pf Brown Fence b0 Bunker Hill & S_. Burco Inc war Burry Bis (b25c) Can Hydro 1st pf Can Ind Alco A__ Can Marconi Carib Synd(b50c) Carnegie Metals_ Carrier Corp Catlin (a40c) Celanese 1st 17 _ Cent Oh Stl h30c % pf (b3.061) | Cent&S W Util_. Cent il P s Cen Il P 8§ 4! TF Cent Tl P S 55 68 G Cen O L&P 5s '50 A Cities 8 Gas P Cit 8 P&L 5'ss Cit 8 P&L 313 Comw Ed 4s ‘&1 F E&G 53 '44 stp xw Gatineau P ts '3l B Georgia Pw 5s '67 Georgia P&L 55 18 Glen Alden Cl 45 '65 Grocery Str 65 ‘45 Il Pw & L 63 'S 1l Pw & L 55 Indiana Ser 5s Indnap P&L 55 Interc Pw 65 ‘48 A ;nvuu Pw 55 Cent States El Chi Flex Shft (4) Chief Con Mining Cities Service ___ Cities Serv pf ___ City Auto (160c) _ Clark Con (b3fc). Claude Neon Lts_ Cleve Tractor Club Aluminum_. | Colon Dev Ltd Colo Fuel&] wa Colts P F A biic Col G&E cvpf(5). Col O & G b20c . Comwlith Edis f4._ Comwlith & S wr_ Comunty PS t1__ Cons Aireraft | Cons Biscuit 60c_ Consol Copper | C GEL&P Bo 3.60 | Con G Bo pfA(5) Con Min&Sm t2 _ Cons Ret Str (n) . Consol Steel Cooper Bessmer_. Cord Corp , Cosden Oil (Me)d Cosd Oil(Me)pf d Creole Pet (50c) s 2 25 3 1% 231 333 | Croft Brewing __ Crown Cent afc _ Crown Dr (b20c)_ Crystal Oil Ref _ Cuneo Press (2) . Cusi Mex Mining. Dayton Rub A h3 Dennison 7 % pf Derby Oil & Ref Det ayv iron 4c Domin Steel Draper (12.40) Driver Harris 113 Duro Test (40c)_ Fagle P Ld b20c . Fastn G&F Asso_ Extn States P Fasy WMBb is Bros Strs bl Bond & Share. | Elec B&S pf(5) _ 10514 10115 10013 10615 ® | Grt A&PT 1stpf7 .97 2 107 1071 )71 garz 1000 o 883 FOREIGN BONDS. Cauea Val tz 3 antiag Chil i7'a ww—With warrants. xw—Without war. st (sip)—8Stamped rants. n—New. §Negotiability impaired by maturity. fCompanies reported in receivership. T. . TREASURY NOTES. NEW YORK. June & (#).—Prices quoted fn dollars and thirty-seconds . Month. Year, Bid. Sepn Taa7 h Feb., 3 25 ‘48 75 49 55 222 EREETSE28TEER peterR 55 T3 2222, 2923 22833 Zismisis ZRE88%E FOREIGN EXCHANGES, NEW YORK, June 8 (#).—Foreign ex- change mixed:' Great Britain in_dollars. Great Britain—Demand, : 6 bills, 4.92 . For. 1R.97; in, 234 umi zil. 8.80%en ongkons. . 27.80° Montreal in N New York in Montr n—Nominal. | Grand Rap V (1). | Gray Tel P S (1). | Harvard Brew _ El Pw Asso blsc_ ElPw As A blde_ Elgin N W b30c _ Emp G&F 6% pf_ Emp G&F 7% pf._ Emp G&F 8% pf_ Equity Crpa2 Kureka P 1 (4) Furop'n El hd rts x-Cell-0 (bi0c) Evans Wall Ld .. Fairchild (al5c)_ Falstaff Br 113 . ¥erro Enam b7ic. Fidello Brewery _ Fisk Rubber First NS 1st pf 7 Ford(Can)A(1) _ Fox(P)Brew 80c_ Froedt (20¢) __._. Gen Invest._ Glen Alden (11) _. Godchaux Sug B_ Goldfield Consol . Gorham Inc pf | Gorhm vt ex b75c Grand Natl Flms 141 100 8915 123 15% Grt A&P T nv 16 9 123 123 15 15 % % 53 53 1R 18 2% 2% 1% 11 14% 1% 83 43 Greenfield T&D . Guardian Invest_ Gulf Oil (b26¢) Halold Co (1) Hartman Tob 14 54ln Hat Corp B 80 Hearn DS b1.65_. Hecla Min basc _ Heller(WE)t40c. Hires(CE)A (2) Hoe & Co Inc(A) Hollinger G t65c¢ Horn & Hard 12 Horn&Hard pf 5. Hud Bay M b75c. Humble Oil(114)_ Hydro E1 8 b20c .. Hygrade Food P_ 111 lowa P d etfs.. Imp Oil Lta t50c_ 1T GtB&I b84tsc Ins Co No Am t2_ Intl Hy EISpf _. Intl Pete (1115)__ Intl Radio b2ic _ Iron Fire vtc 1.20 Ital Sup’pwd rts_ Jacobs Co (b50c) JerCn P&L pf 513 Jer CP&Lpf6__. Ken-R T b371e. Kingston Pr 40c.. Kress SH pf 60c__ Kreuger Br (11).. Lakey Foundry .. Lake Shore (14)_. Lieh Coal&N 30c.. Leonard Of1 Lion Ofl Ref (1)_. Lockheed Air Locke St1 C t80c.. Lone Star G 80c .. Long 1sland Ltg_ Long I L pf A(7). Louisana Ld 40c_ Lynch Corp (12)- McWillms D t2 _ Marconi (a26%c). Mass Util Asso.__. Massey Harris __ Memp N G (b10c) Merritt Chap & S Merritt Chap war Merritt C&S pf A Mesabi Iron Mich Bumper. 1314 17% 8% 43' 25% 1% 11% 354 35% 06 106 28% 29Y% T8 T8 9 3y 10 35 106 o 5 SIS T b o o3 I N 1 T T L e b S 2% 2% 25 | 2:30 Btock and Sales— Dividend Rate. Add 00. High. Low. Close. Mich Gas & Oil 3 84 8 8% Mich Sugar__ 2T Mid StaPet (A)_. 2 4% 4% 4% Midwest Oil(T1). 1 9% 9% 97y Minn M&M bs0c_. 253 39% 39% 39% Molybdenum _ 10 91 9% 94 Monarch MT(t1) 1 23% 23% 23% Mont Ward A(7). 10s 137% 137% 137% Mount C (a2lc) _ 1215 12% Mount Prod(60c) 6% 6 Murray (Oh)b30c 21 Nat Auto (bl) 30% Nat Bellas Hes; 2 Nat Bd&Sh bi0c Natl City Lines _ Nat Cont (b30c Nat Fuel Gas (1) Nat P&L pf (6) _ Nat Rub M az0c. at Trans bi5c w Hav Cl 115 __ NY & Hond b7ic_ N Y Tel pf (6%5) N Y Water Sv pf_ Niag Hud Pw(n). Niag HP 1stpf 5 Niag H P(A)war. Niag S Md B asoc Niles-Bem-P (b1) Nipissing (50¢c) - Noma El (b40c) .. North Am L & P_. Northn Euroe Oil - | Northern P L T3¢ | Ohio Br (B) haje Ohio Oil cu pf(6) Ohio Pwr pf (6)_. Okla Nat Gas pf_. Oldetyme Dist Pac G&E (1.3 Pac G&E Ist 115 _ Pac Ltg pf (6) - Pac Pub Sve Pan-Am Air (t1)_ Pantepec Oil | Pennroad (a25c). Pa P&L pf (7) | Pepperell Mfx 16 Phoenix Secur Tioneer Gold 40c_ Pitney Bow t40c_ Pitts Forsing __ Pitts PLGl(b213) Potrero Sugar | Powdrell&A b | Premier G 112¢c _ Producers Corp Trosperity Ball Prud’t’l inva Pug Sd P&I $6 pt Pyrene Mfg b20c. | Raytheon Mf vic. Reed Roll B t80c_ | Reiter Foster Reybarn (bl0c) _ Reynolds Invest_ 34 11 86 Rossia Intl Corp Royal Typw bl iy { Ryan Consol Safety CH&L bt _ St Regis Paper _ ! Samson United _ Scovill Mfg (b1) | Serant SB W pt Segal Lock & H._ | Seizerling Rub___ Selected Indus | Selinallctfsiy Sel In prpf(52). 100 Seversky Afr ___ Shattuck Den Shawin W&P 80c Sher-Will (14) _ Sher-Will (Can) Simmons H& P __ Sonotone (a10c) | So Pa Oil (1113) . So Cal Eptpfil, So Cal EdpfB 11 So Colo Pw pf 4 Spencer C S hisec_ Stand Cap 71.60 _ Stand C S pf 1.60 Stand Dredging __ 10115 4 1R 2 1 1008 258 4 1008 108 Stand Pwr & Lt __ | Stand P&L pf | Stand S& L (4c)_ Starrett Corp vtc. | Sterchi Broa3c_ | Sterl Alum b2 | Sterl Brew a7c _ | Sterling Inc 120c_ | Stroock & Co(2) | Stutz Motor | Sulllvan Machine. | Sun Ray Dr i80c. | Sunray Oil (b3c). | Sunshine Min(3) | Superior Port C B | Taggart Corp | Tastyeast Del A_. 4 | Taylor Dist 30c _ | Technicolor as0c | Tech Hughes 140c Tex P&L P (7) - { Texon Oil&L 60c_ Thew Shov asie Tob Prod Exp 13¢ Trans-Lux 120c _ Transwest Oil Co Tri-Contl C war__ Tubize Chatil __. Tung-Sol Lamp__ Unexcelled Mfg__ Utd Afr war Utd Corp war Unit Gas Corp___. Unit Gas war _ Unit Gas pf b31;_ Unit L & Pw pf A Ut P&L pf b3735¢ | Utd Shoe M 1215 Utd Milk Prod(2) U'td 8 Mch pf 1.50 { Unit Prof S hioe | USFoll B (1)___ VS Linespf Unt Ver Ex (h1)_ Unit Wall Paper_ Univ Corp vie Univ Insur (1) | UtahP&Lpfa7 til & Indus pf Valspar vte. . Van Nor Ma h’oc Venezuela Pet __ Walker Mining _ Wayne Knit Mills Weisbaum BB 40c Wentworth hlsc_ Wevenhurg b Wolverine P ¢ Wolvr Tube b20c Woodley Pet 140c Wright Harg t40c Yukon Gold (b6c) Dividend rates in dollars based on last puartly or femi-annual payment. = tAn- nual rate—not ‘including. extras. iAc- cumulated dividends. a Paid Iast sear b Paid this vear. d Companies reported as being in bankruptcy or in receivership. or belng_reorganized under the bankruptey act. or securities assumed by such com- panies. AUTO SHIPMENTS HOLD ABOVE 1936 May Volume 11 Per Cent Ahead Despite Drop From April Level. By the Associated Press. NEW YORK, June 8.—Factory shipments by automobile manufac- turers in the United States and Can- ada totaled 535,000 units in May, the Automobile Manufacturers’ Association estimated. 51 big | 40 This was 3 per cent under the pre- vious month, but 11 per cent above the volume for the same month last year. On the basis of this estimate, the industry’s shipments during the first five months of this year amounted to 2,390,924 units—an increase of 12 per cent over the corresponding period of 1936. The association's report covers all major domestic manufacturers except | Ford. {U. S. ZINC PRODUCTION GAINS DURING MAY BY the Associated Press. NTW YORK, June 8.—Domestic sinc production in May totaled 55,012 tons compared with 52,009 in April and 44,833 in May, 1936, the American Bureau of Metal-Statistics reported today. Domestic shipments amounted to 55201 tons against 56,299 in April , and 43,905 s year ago. ‘ | reduced net ‘ Wasliin ! Amer. Te1 NE! | Becurity Dealers' Association: POWER EARNINGS MOUNT SHARPLY $957,688 Balance Com- pares With $443,222 in Four Months of 1936, By the Assoctated Press. NEW YORK, June 8.—New Eng- land Power Association today re- ported for the first four months of 1937, a balance of $957,688 after charges, but before Pederal surtax, equal to $1.02 & common share. This compared with $443,222, or 47 cents a share, in the like 1936 period. The company, a holding unit of International Hydro-Electric System, has properties in Massachusetts, Ver- mont and Rhode Island. F. D. Comerford, chairman, said floods resulted in loss of revenue to subsidiaries, which with increased operating and maintenance expenses about $250,000. Bank loans, incurred to retire previous in- debtedness, were cut $500000 to $1,750,000 since the year-end, he said. Eastern Steamships. Eastern Steamship Lines, Inc., re- ported for the four months ended April 30, loss of $438,253, after charges and ordinary taxes. This compared with loss of $313,584 in the like period of 1936. The company runs ships | along the Northeast Atlantic Coast. Zenith Radio Corp. Zenith Radio Corp., Chicago, re- | ported for the year ended April 30, | consolidated net income of $1.904,074, ! equal to $3.86 a capital share. This | compared with $1212752, or $2.46 & share, in the preceding fiscal year. E. F. McDonald, jr, directors had decided a substantial | part of earnings should be retained for expansion. Universal Pictures. Universal Pictures Co. Inc., and subsidiaries reported for the 13 weeks | ended May 1, the second quarter of its | fiscal year, consolidated net loss of $105.069 against net loss of $403,966 in preceding quarter and net 1088 of $404.- 752 in corresponding period last year. gton Exchange SALES. Capital Traction 55—$1.000 at L1} | Washington Rwy. & Elec. pfd.—10 at 110';, 10 at 110', 4 at 110! 49 at 11074, 10 at 110!, | Real Estate Mtge. & Guar. pfd.—100 at S', 100 at 5'4, 60 at 5'4, AFTER CALL. Capital Transit Co.—10 at 11, 70 at 11, 100 at 11. Capital Traction 55—8$1,000 at 88 Washington Rwy. & Elec. pfd—15 at 1101, Bid and Asked Prices. & . & P. Tel. of Va. 51 Capital Traction R_R. 58 | €1ty & Buburban 3s Seorgetown Gas 1 PotElec. Pow. 3 Wash. Gas 5s Wash' G st 58 b MISCELLANEOUS. Chevy Chase Club Ist 4% | W. M. Cold Storage 5s STOCKS. PUBLIC UTILITY. & Tel. (9) . 188 Capital Transit Co 101, N & W. Steamboat (A Pot. Elec. Pow. . Po. Ei. Po. 3 Wash BANK AND TRUST COMPANIES Amer. Sec. & Tr Co. (eX) Bank of Bethesda (h.35) Capital (4) Com. & Sa Liberty (4 Lincoln (1825, vings (10) ) Washington : Wash. Loan & Tr. (e%) American (8) Union (.60) TITLE INSURANCE Columbia (.30} Real Estate () MISCELLANFOUS. Carpel Corp. (2.00) 2 Lanston Monotype (+4) Lincoln Serv. com_ (+1.00) Lincoln Service pfd. (3.50) Merzenthaler Lino. (2.00) & Peoples Dr. St . (11.00) *40 Peoples Dr. St (AA0) #1107, Real Est. M.&G. Security’ Storage (5) Ter Ref. & Wh. Corp, (3) Wdwd. & Loth. com. (11.50) Wdwd. & Loth. pfd. (7) dividend. 700 314 178 68 115 tra id June 30. 1036: 45¢ paid De- INVESTIN W YORK. G COMPANIES June R (P .—New York (Noon quotations, % | Admin Fd 2nd_Inc | Am Business Shrs | Bancamer_Blair Bankers' Nat Inv Corp __ Basic _Industry , Broad St Inv Bullock Fund Corporate Trust Corporate Trust Corp Tr AA mod Cumulative Tr_Sh Depos Bk 8h N Y Depos Ins Shrs * Depos Ins Shrs “B" Diversified Tr C Dividend Shrs ~ " Equity Corp $3 pf Pidelity Pund Inc First Boston Corp Fixed Trust Sh A. a0 (i e I H e & s oL | HoisD | 3835538 SIRR3IRISIIRILIENACS B3R A Fund Investors Inc ®und Tr Shrs A . _ Fund Tr Shrs B Gen Investors Tr ~__ Group Sec Agriculture Group Sec Sec Building _ Sec _Chemical Sec Food 8ec Invest Shrs Bec Merchandise Bec "Mining £ Sec Petroleum 8ec R Bec Steel Tobace ron Holding Incorp Investors Instl Sec: Bank Group. Instl Sec: Insurance Investors Fd “C"” Ine Keyston Cust Fund B 3 Major Shr; 19 SOTACD0R DRSS BB A 101321 BT 1 Corp [y Dmmidhis IINIDID D DI 3 ._Bk ki 8Stocks Blde Supply _ Stocks Elec 22 d SR, Plymouth Fund Inc Quarterly Income Sh lected Am Sh k Pu o « B iayen P PRSI NI TS Ting 2235322533533532 Trosteed Thauttry Bhra Fus Wellington Fund - president, said | | | | crate, 2.25a4.00; nearby, Big Boston, | Leghorns, | ing stock, 18; rolls, 20; receipts, 786 | tubs. | herring. 3a: THOUSAND SHARES Wi n w:om b 1 "amn: Ioanid A Baltimore Markets Special Dispaich to The Star. BALTIMORE, Md., June 8 —Pota- toes, old, 100-pound sack, 1.50a2.00; new, barrel, 1.5023.00; 100-pound sack, 1.50a1.75; sweet potatoes, bushel. 1.0081.50; yams, bushel, 75a1.00; as- | paragus, crate, 100a3.25; beans, | bushel, 75a2.00; beets, crate, 75a1.00; dozen bunches, 40a50; nearby, bunch, 4a5; cabbage, pointed type, hamper, 30a50; carrots, crate, 5.50; caulifiower, crate, 1.25a1.50; celery, crate, 1.50a 3.50; corn, crate, 2.50; cucumbers, bushel. 1.5083.00; eggplants, bushel, | 1.00a1.50; lettuce, Western iceberg, | bushel, 15a25; Iceberg. bushel, 35a50; lima beans. bushel, 2.25a2.75; mush- rooms, four-quart basket, 50a1.00; onions, 50-pound sack, 65a1.25; peas, bushel, 5082.15; peppers, bushel, 2.25a | 3.00; crate, 2.25a3.75; spinach, near- | by, bushel, 75a1.00; squash bushel, 1.00a1.25; tomatoes, lug, 1.00a2.15; ap- ples, box, 2.5082.65; blackberries, crate, 1.50; cantaloupes, crate. 2.25a5.50; grapefruit. box, 2.25a3.25. oranges, 2.5004.75; huskleberries, quart, peaches. half bushel, 50a1.25; strawberries, crate, 1.7584.00; water- melons, each, 55865, | Dairy Markets. ! Live poultry — Broilers, Rocks, | pound, 22a24; mixed colors, 22a23; | 15a1 fowl, Rocks. 19, mixed colors, 17a18; Leghorns, 14al16; | roosters. 10a12; ducks, 12al4. | Eggs—Current receipts, dosen, 19; hennery whites. large, 21; medium, 19a | 20 receipts, 820 cases. Butter—Prints, pound. 34a35; good | to fancy. creamery, 321,a33'3: pack- | Sea Feod Market. Catfish, pound. 3a5; dressed, 7al carp. 2a3; eels, 8al0; haddock, 8a10; : mackerel, 6a8: rock, 10a 12; white perch, 5a8: yellow, 8a10; | trout, 5a6. bluefish, 8a10; flounders, 10a12; croakers, 4a5; spots, 4a5; hard- heads, 4a5; butterfish, 5a6; soft crabs, dozen, 60a1.25; hard crabs, barrel, 3.5024.50; crab meat, pound, 25a45; shrimp, 15a18; clams, large, per 100, 90: Cherrystones, 60a65: Little Necks, 50a35; frogs, each, 15a25. Tobacco Market. Quotations on old stock—Maryland firm leaf, nondescript, 3a4; common, 4a10; medium, 10a30; good to fine, red. 30a40; seconds, commion, 3a7; medium, good to fine, 15a35. Live Stock Market. Cattle—125: cows steady; mostly low cutter and cutter grades at 4.5026.25; plain and medium quoted 6.50a7.35; few just good grade, 7.50; bulls tend- ing weak to lower, with sizable num- ber held over from Monday. | Calves—75; vealers steady: good | grades mainly 9.00a9.50; plain and medium grades, 6.50a8.75; culls down toward 5.00. Hogs—300; generally 10 cents lower than Monday’s levels; good and choice 170 to 210 pounds, 11.65a11.80: top, 11.80; 220 to 250 pounds and 140 to 160 pounds, 11.15a11.40; 260 to 300 | pounds quoted 10.65a11.15 and over | 300 pound weights from 10.15a10.40; | 120 to 140 pounds, 10.50a10.75; good grade packing sows, 9.40a9.90; stags quoted from 9.00 down: hogs from doubtful areas not represented in above prices. Sheep—150; not enough done on Spring lambs up until nearly noon time to make market test; Monday's bulk sales good and choice ewes and wethers, 12.50a13.50; odd head fat slaughter ewes steady, from 4.00 down- ward, Grain Market. Opening prices were: Wheat—No. 2 red Winter, garlicky, spot, domestic, 1.27. Settling prices were: No. 3 red Winter, garlicky, spot, domestic, 1.37. Corn—No. 2 yellow, domestic, 1.23. Western billing at a premium over this price, cob corn nominal. Oats—No. 2 white, domestic, 63,73; No. 3, 62a72, with the exception of grain on track there is an additional charge of 11, cents per bushel for storage and ele- vation. Rye—No. 2, 1.25a1.30. Bar- ley, 91a96. Hay market holds steady to firm under a good demand for timothy and clover mixed at 17.00a22.00 per ton, but it takes well-graded No. 1 stock to bring the price. Poorer grades hard to sell and market irregular on all grades below No. 3 stock. o SHORT-TERM SECURITIES. (Reported by Chas. D. Barney & Co.) Am. Tel. & Tel. 5las 1943_ 113Y Amburs atie dah Hohptd- 113% Baldwin ‘Loc. Wks. b5 1940 105 Californis Packing 5s 1940 105 Caro., Cl'fleld & 103% 101 S $h st tl. Mer. Marine 6s 1941 Intl. T. T. 4138 1939 Lehigh V. Ter. Ry. 5s 1941 Lot sland Gen. 45 1938 hville 435 1940 entral 4s 1940 N. J. Bs 1 SR252I3333 FESESTS BRI [ororony £t 225 2233322 & S i ey RRIBR5: SIS 555038 SR s b 29 o8 i §=c 5N & o MONEY MARKET. NEW YORK. June 8. (#.—Call money steady 1 per cent all day. prime commer- 3 r cent: per cent. GENERAL MOTORS SALES DECREASE May Total at 178,521, Against 198,146 for Previous Month. By the Associated Press. NEW YORK, June 8 —General Mo- | tors Corp. announced today sales of its products to domestic consumers in May dropped to 178,521 units from 198,148 in April and compared with 194,628 in May last year: Sales to domestic consumers for the first five months were 717,360 units, against 774,695 for the like period of last year. In motor circles here it was said | the decline in sales from April re- flected partly a seasonal decrease in demand for cars and partly the effect of unauthorized strikes which shut down various plants at times during May. May sales to dealers in the United States totaled 180,085 units, against 199,532 in April and 187,119 in May, 1936. For the five-month period sales | Cates for completing a four-month | mounted to 716,798, against 792,128 | last year. Total May sales, including overseas shipments, numbered 216,654 units. compared with 238377 in April and 232603 in May a year ago. Five months’ total sales were 894,231 units, against 952,237 in 1936. PROFIT IS EXPECTED BY PITTSBURGH STEEL By the Associated Press. NEW YORK, June 8.—Henry Roe- mer, president of Pittsburgh Steel Co.,, in a letter to stockholders stated the company expected to close the current fiscal year June 30 with a net profit after five years of heavy losses. The letter also discussed the plan of capital readjustment, which will be voted upon June 15. 400 TONS OF LEAD SOLD. NEW YORK, June 8 (#).—S8t. Joseph Lead Co. reports 400 tons of pig lead from Southeast Missouri mines so0ld yesterday at $5.85 per hundred pounds St. Louis. NJOY the relief from worry- E ing with details of manage- ment of your apartment house and residence properties by placing them in charge of our Property Management Depart- ment. Nominal service. B. F. SAUL CO. 925 15th St. Nat’l 2100 Mortgage Loans fee for qualified LARGE INCREASE SEEN IN TRANSIT REVENUES Spectal Dispatch to The Star. NEW YORK, June 8. —Revenues for ‘the transit industry for the week | ended May 29, 1937. based on tele- graphic reports received from a repre- sentative group of transit operating companies, showed a substantial in- crease over last year. Trensit Jour- nal's revenue indicator stands at 107.80, which represents a gain of 7.80 per cent over the corresponding week in 1936. For the week ended May 22, 1937, | the indicator was 103.73. Improvement in transit revenues was considerably greater for the latest week than for the week which pre- ceded it. The gains reported were general for the whole country and for | cities of all sizes. EXECUTIVES STUDY ART. BOSTON, June 8 (#).—Boston de- partment stores have turned to the Museum of Pine Arts for aid in apply- ing basic principles of art to their | choice of homefurnishings and wear- | ing This week 207 executives and | salespeople of nine leading department | stores wiil receive graduation certifi- | course in basic art principles at the | museum, REAL ESTATE LOANS FRED T. NESBIT PROPERTIES. © VERMONT AVE. DISTRICT 0393 other phase of bankin, RAIL EQUIPMENT SHORTAGES FAGED Rising Freight Loadings Direct Attention to l Car Orders. | B the Associated Press. NEW YORK, June 8.-—Advancing A ’ OFFICE FUR | freight carloadings have once mors | focused attention on estimates of | rolling stock shortages. | In the week ended May 29. carload- |"ings rose 2 per cent to 794.855. a new | 1937 high and 22.9 per cent above | the like week last year. | During depression years railroads | rocked along with aging freight car | equipment. Many roads, already fhnvuy burdened with large funded | debts, were unwilling to g0 into the market for new funds. At the same time shrinking freight shipments chopped sharply into reve enues and thus provided another bare rier to spending for rolling stock. Even after the depression faded and revenues swelled, rail systems seemed determined to squeeze the last ounes of use out of old cars. Engineers for | some railroads requisitioned new cars, | but the financiai men still held purse strings tight. How much the situation has ime proved this year is illustrated by stae tistics of Rallway Age. In May 3.903 | freight cars were ordered, bringing | the 1837 total to 44562, or abous double the total for the same period last year. Industrial momentum and the out- [ look for good crops should give freight {loadings & good boost next Fall, | Guesses in some circles are that when | the Fall seasonal peak is reached in | late September or early October the | total may run as high as 900,000 cars | & week or more. This would compare with last year's Fall top of 826,155 in the week ended October 17 ! Should loadings expand the esti- mated amount, analysts say. the short- | age of freight cars would reach abous 100,000 by the Fall peak. | HOLDERS INCREASE. NEW YORK, June 8 (#) —Common | stockholders of Continental Can Co | aggregated 32,751 on June 2, thé largest number in the company's his- tory. The average holding was 871 shares. At the beginming of 1923 the list of stockholders totaled less than 1,000 names. 1 4 /2% Business Properties 10 Yrs. Wm. H. Saunders & Co 1519 K St. D Loan_Corresponde: Provident Mutual Life Ins Real Estate Loans Residential Inc. . 1015 Co. NITURE WE SELL, BUY OR EXCHANGE Desks Steel Files Tables Steel Cabinets Chairs Safes BAUM’S FURNITURE HOUSE 1416 Eye St. N.W. Phone NA. 2184 YES. Federal and state examiners investi- gate loans—and in a ve ner. They frequently spend as much time— if not more—on loans than in examini thorough man- a ng any . Since loans constitute a major investment for bank funds the ex- aminers carefully scrutinize the loan file. Many tailed i uestions are asked and much de- lormation about the borrowers is scrutinized. On business loans up-to-date financial statements—usually over a period of years—are required, showing such things as earnings, inventorv, debts, manaicment, etc. Recommer:dations are then made irectly to the Board of Directors of the bank. These examinations constitute a real pro- tection to the money of deposiiors against undue risks. In fact, the primary purpose of these examinations js to assure depositors their money is properly safeguarded. McLachlen Banking Corporation Since 1891 TENTH AND G STREETS, N. W. SW. Branch, 12th and Maryland Ave. SW. Member Federal Reserve Insuramce Corporation REAL ESTATE LOANS On Improved property in D. C. and Arlington County, V a. SECRETA Y TREASURER NO COMMISSIONS RENEWALS UNNECESSARY A, pplications invited for LOANS on improved real estate in Washing- ton and Arlington County, Virginia. Rates and terms commensurate with security offered. Before you re- finance, build or remodel—=See us. ‘The American has been helping the people of Washington to acquire RY homes for the past 63 years. American Building Assoriation ASSETS 300 Pennsylvania Ave. S. E. OVER $9, 700,000 ER U. 8. GOV'T SUPERVISION