Evening Star Newspaper, June 9, 1937, Page 17

FINANCIAL. THE EVENING STAR, WASHINGTON, D. C, WEDNESDAY, JUNE 9, 1937. FINANCIAL. w2 A—17 BONDS ON N. Y. STOCK EXCHANGE BONDS ARE DULL INNARROW RANGE Rallies by 1. R. T. Loans and Gains of Prime Issues Noticed. Bond Averages S0 Rnill lnduit Uul Net change. .1 Unc. —.1 10 Fgn +.1 Today, closs 9381033 982 Prev. day. 93.7103.2 983 Month ago- 9391033 98.8 Year ago__. 92.1102.8101.8 1937 high__. 99.0104.4 1028 1937 low. 9261024 978 1836 high.. 98.2104.4103.1 1936 lo 86.9101.8 993 67.6 1932 low____ 458 40.0 64.6 422 1928 high___101.1 98.9102.9100.5 10 Low-Yield Bonds. Close ....111.1 Prev. day. 111.1 Month ago 110.2 Year ago- 112.2 1937 high_ 113.7 1937 low.. 108.4 1936 high- 1135 1936 low.. 110.2 1928 high_ 1044 1932 low-. 86.8 2.6 2.5 1.3 69.2 4.7 70.5 13.0 (Compiled by the Associated Press.) B the Associated Press. NEW YORK, June Interborough Rapid Transit Co. loans and moderate gains by high-grade corporates were bright spots in an otherwise shiftless bond market to- day. The improvement in obligations of the Interborough—which operates sub- ways and elevated lines in New York City—followed a court order direct- ing the receiver to pay the July 1 interest and sinking fund require- ments on the refunding 5s. It marked a reversal of the trend which had carried these and other I. R. T. issues sharply lower over the past few weeks. Gains late in the after- noon ranged from 1 to 2 points and included the 5s and the 7 per cent and 6 per cent notes and their certifi- cates, American Water Works 6s, Ana- conda 4'.s and Detroit Edison 4'zs moved up fractions to a point or so. Becondary rails dipped, while other corporates Were & bit uneven. DIVIDENDS ANNOUNCED NEW YORK. Jur elared (prepared by tistics Corp. 9 — Dividends de- Standara Initial. - Stock of Rate. Tiod. record London Tin Corp Rn iance Mfg New Hamp Fire 1 Participating. Maver O & Co pic pf 25¢ Increased. Federal Mogul Corp 35 archant Calculat'n troit_Steel Prod Genl Cadital 3nc Roc 3le Arrears. anc Interim. 25c Decrease. Amer Stores 25¢ Deferred or Passed. Fureka Vacuum Cleaner. National Candy Chi Ry ¥a 77 pf Bancamerica Bl Do, of ac Insurance Co of N Am_>1 Marchant bt aver O & Co ptc pf at Candy %' 15t pf ‘ Do, 7' 2d pf $1 New Hamp Fure Ins 4ic York & Honduras Mining . 8ila¢ Noranda Mines 3175 Page Hersey Tubes = S1 United Aircraft ) Universal Leaf Tobac Do. &', pt Western Elec Alr Reduct Aluminum Goods Mg ‘5. Canada Sthn Rwy 5150 SA Florence Stove 50¢ lowa Sthn Ut © 5 Do. 6127 pf 00O P! O LWO> DOO Mahoning Coal RR Do. 57 pf Marine Midland Reliance Mig ichman Bros nited Shoe Mach NEW YORK BANK STOCKS NEW YORK. June 9 (@ curity Dealers Association (Quotations as of 2 o'clock.) B of Man (1)) Ghem Bic & Tr (180 Commercial (R Cont Bk & ofn Bx Bk & T (1) pire Tr (1) Z rst Nat (Bos) (2)° rst Natl (100) - uaranty Tr (12) " __ rving Tr (.60) i Manufacturers’ Tr (%) anufacturers’ Tr pf atl Citv (1 FEDERAL LAND BANKS NEW YORK. June 9 (#).—Federal Land Bank bonds 4'4s No 4y Mo May. Nov., July )= T. S. TREASURY NOTES. NEW YORK. June 9 (.—Prices quoted h; dollars and thirty-seconds: Approx. um Asked. vield. i 1 | Uruguay 8s'46 VU. S. TREASURY POSITION. B the Assoclated Press. The position of the Treasury on June 7: Receipts .825.501.97; expenditure: 31, bal $1.762,662.< oustoms Teoeipte for tha mionth, 7: expenditures. ‘including { emergency. cxpendity 618.587.79. & decrease of $1 3 under "the pervious day o1d mscis. 315,008,360 085 SR Iheluaing 867.031.130.94 of inactive goid. FOREIGN MARKETS. LONDON. June 9 (#.—Gold mining fs- gues reacted at the close of the stock mar- ket after showing strength in the early dealings. Foreign bonds and home rails S0ld higher while the Industrial group was somewhat mixed, although steels. shipping shares and tobaccos were in fair demand. Oil shares and trans-Atlantic securities held steady. PARIS.—Industrial stocks were firm at the close of the Bourse. while the remaind- er of the list was mixed. Suez Canal shares moved 400 francs higher and Bank of England gained 75. The coal 2roup move Arreqularly and rentes finished unchan 90 centimes down, 9.—Rallies by | —New York Se- | By private wire direct to The Star. High, 84% 9T ref 552000 D__. ref 63 '95 C. PLE&W V. 103% O Swnbs'50.____ 105 B & O Toledo 4859 __. 92 Bang&Aroos 4s'51stp 111% Bell T of Pa b8 '48 B_. 118% Beth Steel 33866 96% Beth Steel 41,8 60___ 104 Bos& Mebs'67. ____ 83y Bos N Y A L4s'55 Bklyn Ed con 3% s 66 BKlyn Man T 415 '66 Bklyn Un E168'50 __ Bklyn Un Gas 6s '50 BKlyn Un Gas 5s '4 BKlyn Un G 6s 67 B . BKIVD Un G ref 6s ‘47 Buff R&P con 4% 857 Bush Term con 55 '55. Bush Ter Bldg 6860 Calif Packing 5s°40__ Canada So 5862 A __ Can'dian NR 41s '67. Can'dlan N 58'69 July Can'dian NR5s'69 Oct Can'dian NR 65 '70 Can'dian N db 63 s’ Can’dian P db 48 perp Can‘dian Pac 4%8 60 Can'dian P 5844 cfs_ Caro Cl& 0 68’52 A Car & Gen 58 '50 ww. Cent of Ga 5859 C Centof Garf 5385 Cent Ill E& G bs 51 Centof N J 4s'87_ Centof N J gen 58’87 Cent of NJ gn 58'87rg. Cent Pac 15t rf 4549 Cent Pac s '60 5 Cent RR B Ga b5 '87__ Cert'd deb 535848 _ Ches & O 333596 D_. Ches & 0 31;8'96 BE__ |C&Orendissroz C& O R&A 2d 4589 C& O con §s'39 Chi & Alt ref 3349 Chi B&Q gen 43 Chi B&Q ref 55’71 Chi B&QI div 314 I chig BN 6s'51. 1025 Chi & B 111 58 51 ctfs ¢ 1074 | Cpi & 12 15t 58°82 107 | Chi Grt West 4859 109% | Chi J&L gen 5566 118% | Chi I&T, gen 65 '66 23 M&StPA4s'8) _ CM&StP gn 414589 C. |CM&StPSs CM&StP&P adj5s2000 | Chi & NW gen 4587 _. o Approximate Transactions Today. o U S Gov't Bond: 360,000 o Forelgn Bonds 1,270,000 Domestic Bonds__ 5,870,000 & & & & TREASURY. All time shown below Is davlight saving on which the Exchance is now operating. High. Low. Close. 2158 1049-53_ 97.27 97.24 97.26 102.29 102.23 102.27 100.18 100.17 100.17 99.27 99.23 99.25 99.18 9 99.18 100.18 100.15 100.17 104.10 104.6 104.10 102.23 102,20 104.25 104.23 106.6 106.6 106.10 106.16 2%81951-54_ 23,81956-59. | 2% 1955-60_ | 351946-48 35195155 3138 1046-49_. 3181941 31,5 1944~ 3%51941-43 Mar 3358 1943-47_ 33,8 1946-56_ 45 1944-54 4108-3148"43-45_ 434891947-52____ 115.31 FEDERAL FARM MORTGAGE. 2% 5194 101.12 101,12 101.12 381947 3. 103. 103 331949 102.16 102.16 102.16 102.30 102.30 102.30 HOME OWNERS’ LOAN. 100. 99.31 100. 100.16 100.10 100.16 1023 1023 102.3 FOREIGN BONDS. High 9874 Low Close. | Abitibl Pa&Pw 63’53 9RTw 987k Agr Mtg Bk Col 6548 231 | Antioquia 7s 1 Argentine 487 915 Argentine 4! 1017 Argentine 6s 10084 Argentine 6s 59 Oct . 1014 Argentine 6s '60 M 10143 Argentine 65 ‘60 S 101 Argentine 65’60 Oct 101 Argentine 6s'61 May Australia 415 ‘56 Australia §s'55 Australia 55 '57.. Belgium 6s'55 Belgium 7 918 1011 10034 1014 | 1011 101 1014 1014 50 | Brazil 85 41 Brisbane 6s ‘50 Brisban Ruenos Buenos A C fis ‘60 O\.t Buenos A C6138'55 | Buenos A C 3s '84_ C&NW Nr W fil.- 36. Chi R I&Prf 4s 34 _ Chi R I&P rf 48'34ctf. Chi R I&P gen Chi R I&P 4 Chi RI&P 4 Chi R I&P 41,860 Chi T H&S 18t 5560 . ChiUnSta33%s'63 E CinG&E31,="66._ (mlnTerm | Canada 3 | Candaa 33, Canada 4s '60 Canada s '52 1 Chile 6s°'60 Clev Un Ter 5 Cley Un Ter 5158724 Colo & So 4153 '80 Columbia G & E deb 552 April____ Columbia G&E s '61_ Colum Ry P&L 45 '65 2 Comel Credit 3% s '51 | Chile Mtg Bk 618 Com Inv Tr33;8°51. { Chilean Mun L 7s'60_ 17 ! 1% | Conn R&L 41851 st_ Colombia 6s'61 Jan. % (Conn R Pw3%s'61A Colombia 65 ‘61 Oct__ % |ConsEAN Y 31s'46. { Col Mig Bk 7s'47____ | Cons N Y 3% ‘Lonenhagen 415853 96t | Cons Gas NY 4%+ | Copenhagen 5575 100'¢ | Consol Oi1 315851 _ | Cor 3 5 75 }ron-um Pun3is’6s 33% | Consum Pwr 31487 6013 | Consum Pwr 33 Container deb Container 6s'46 Crane Co 358" Crown C & S 45’50 Crown Will P 6s'5 Cuba Northn 516542, Dayton P&L 3,5 '60. Del & Hud ref 4543 . Den & R G con 4836 Den& R G W 58'55__ Den & RGW 58’ | Det Edison 31 | Det Edison 48 Chile 6563 ___ Chile Mtg Bk 65'61_ | Chile Mtg Bk s | Denmark 4158 " £ Dominic 2d 51.8'40 _ | Dominic 1st 51,842 Finland 6s’45 Frankfort 61;s'53 French Gov 7 Ger C Bk A 6s Ger C Bk A 65’60 Iul\ Ger C Bk A 6560 Oct. 4 100% 78 78 = 107% D Dul SS & At 5s | Duquesne Lt 314s Ger Rep s 47 un'st Elec Auto Lite 4552 Greek Gn v fiu 68 Italy 7 ItalP U er 7852 s°65. Japan e Jugos Mig Bk 75’57 - Kreug&Toll 5s'59 cfs Medelin 61 Mex 4510 sf | Mex Ire 415 Milan 61 Minas Gers 6 Minas Gers 61:8'59 _ New So Wales 55 Rmerpran 5 - Erfe Gen Riv s’ Erie & Jersey 6s Fairhks Morse 45 '56_ | Fed Lt&Tr is'42 11| Fed Lt&Tr 6s FiFlaECR | Fla ECRy 5' | Francisco Sug 6s "g Gen Am Iny 5s | Gen Cable 516847 __ ™| Gen Mot Acc 38’45 __ Gen Mot Acc 318 '51. Gen Stl Cast 515549 Ga & Ala5s'45 Goodrich 41 Goodrich 654 Goodyear T&R 5s '57- Grt Nr Ry 3%s'67 Great N Ry 48°46 G__ | Grt N Ry 4s'46 H | Gre NRre 43 ALY Grt NR gen 41875 D GrtNR'gn415a"7 B Grt NRb%s'52B___ Gult M& N 58 50 Gulf M& N 5%s Gulf Sta Stl 435861 __ Gulf Sta Util 416546 Hock Val 44599 Hoe (R) Ist mtg Hous B&T 1 Houston Oil § Hudson Coal Hud & Man inc 53’67 Hud & Man ref 58 '57_ 111 Bell Tel 3128°70 __. 111 Cent col tr 48 *52_. T11 Cent col tr 4s'53__ 111 Cent ref 4s°55 111 Cent 4% s '66 I11 Cent ref 5s " 111 Cent Lit div 38'51_ ICC&St LN O 4‘.&5’63 ICC&St LN O 5863 _. 111 Steel deb 418 ’40 'poli 5B 10314 981 10213 2 104 « 106 106% 813 841 10015 Oriental Dev 6553 | Oslo 4125755 | Panama 5s'63 stpas_ Paris Orl Ry 5%s 68 Pernamhuco 75 '47 | Peru 6360 | Peru 6561 Peru 7s '59._ Poland 6s°40._ Poland 7s'47_ Poland 8= 50 Porto Alegre 8s Prussia 6325 51 | Queensland 7s 41 Thine W EI P 68°53__ Rlo de Jan 61,8 53 Rio de Jan 8546 Rio Gr do Sul 65 '68 __ 1007 6674 99 Rio Gr do Sul Rio Gr do Sul 8s Rome 638’62 _ Roumania 78 '59_ Sao Paulo C 6%s ' | Sao Paulo C 85’52 Sao Paulo St 6368 Sao Paulo St Ts Sao Paulo St 8s Saxon St Mtg 7s " Siemens & H 6145 " Serbs 7562 Serbs 85’62 Silesian Bank 6s'47_ Tokio 5561 __ Tokio E L Ltd 685 Ujigawa E P 78 '45 Uruguay 68°60 Uruguay 65’64 Inland Stl 3% s IntRT 1st rf 58’66 IR T Istrf 58’66 ctfs IntR T 6s'32 IntRT 7s'32 IntR T 78’32 ctfs Interlake Iron 43’4 Int Grt Nr 6352 A Int Grt Nradj 68’52 A Int Hydro Elec 65’44 Int Mer Marine 6841 Int Pap 15t 6347 A Int Pap ref 6855 Int T&T cv 4% Int T&T 4152 Int T&T 5865 _____ Towa C 1st&rf 48 '51_.. JamesF & C4s'39___ Jones&L Stl 4% 8'61A Kans C So 1st 3850 Kans City So ref 58'50 Kans C Ter 18t 4560 Kans GEE 44880 __ Kresge Found 4845 Laclede Gas 6s°39 Laclede G 56%s8°53 C-. Laclede G 5128’60 D.. Laclede Gas 6s°42 A. L E & West'n 3s "47_ Lautaro Nit 1975s ._. Leh C&N 415554 A _ Leh & N ERR 4s"l Leh Val Coal 58’64 . Leh Val Coal 6s'38._. Leh Val Har 5854 ___ Leh V NY 413540 gtd Leh V P con 45 2003 Leh V P con 4158 2003 Lex & E Ry 5865 Ligg & Myers 58’5 Loew's 3128°46 Lorillard 5s'51. La & Ark 5569 L &N 1st4s2003____. L & N unif 4s'40 Warsaw 7s ‘58 _ Yokohoma 6s 61 DOMESTIC IONDS Alleg Corp 6s 44 Alleg Corp 58 49 Alleg Corp 53 '50 stp_ Alleg & Westn 48’98 _ Allied Stores 413 °50. Am & For Pw 6s 2030. Am Ice cv 58°53 Am1GChb%s'4d Am Intl 53%s°49 ____ AmT& T 3%s’61 ... AmT& T 3%s"66... AmT& T 418°39 AmT & T bl%s 43 AmTF 2135-58'3 Am Wat Wks 6s°7 Anaconda deb 41850 Armour(Del)1st 48’55 Armour (Del) 4s°57_. Armstrong Ck 4s r.o A T&S Fe 4s°09-"! A T&S Fe 4560 A T&S Feadj 4s '95 st A T&S Fe gen 45’96 A T&S Fe gn 4s'95 rg A T&S Fedlss 48 Atl Coast L 1st 48°52 Atl Coast Liclt 48°62. AtICLun4%s'64 __ Atl Coast Line 5845 Atlantic & D 18t4s'48. At1G & W 15t 58'69. B&O1st4s 48 ... 041,860 O 18t 5848 0 o o 108% 104% 103% 106 5 106% 106% 5% 113% 118% 851 84 B4% 84% !I 0 1054 L & N So Mon jt 48'52 McCrory Strs §8°51_. McKess&Rob 514 8'50. 108 ref 58°95 Aeue 58'96 B e B& B& B& B& Low. Close. 84l 9T 10314 1041 92 111% 84% 9% 103'% 104% 92 111% 118% 96 4104 1017 105 10214 2 101% 831q 331y 10074 R3% 26% 100% 8814 103% 94 100% 107% 101 941 1054 | 93 1081, 1031 103t 106 1018 igh. Low. Close. H MeCRRgn4%s'60 A 81% Manati Sug 74842 . Man S 1st 73 8'42ctfs Manhat Ry 4590 ___ Market St Ry 7840 A Mead Co 68°45 _ Met Ed 1st o 4% 568 Mich Cent 3%8°52___ 1 Mil El R&L 58 '61_ Mil E1 R&S L rf 6871 Mil Spa& N W 4547 Minn & St L rf 4849 MStP&SSM cn 4538 MStP&SSM cn 5538 _ MStP&SSM 55 '38 gtd MStP&SSM 615849 _ Mo 111 55 '59 Mo K & T 18t 48 '90_ Mo K & T 4s 62 B._. Mo K & T 4% 78_ Mo K & T 5562 A_ Mo K & T adj 58 '6 Mo Pac 4875 __ Mo Pac §s 77 F- Mo Pac 5877 F ctfs. Mo Pac 5s'78 G Mo Pac 5s ‘80 H_ Mo Pacific 55' 81 1___. Mo Pac 55811 ctfs_. Mo Pac 5%8°49 A Mob & Ohio 41,877 Mob & Ohio 55°38 Monong Pub S 4145'60 Monong Pub S 68 65._. Mont Pwr 3%s 66 Morris & Es 3%s 2000 Morris&Essex 68 '55-. Namm & Sons 6543 _. Natl Dairy 3% s'51ww Natl Steel 48 &5_____ New E T&T 4145 61 . ew E T&T 1st 58 '52 ew Jer P&L 4145 '60 w OrlGNR 5 ew Orl PS 6862 A ew Orl PS 58’55 B ew Or Ter 1st 48 '53 ew Orl T ew Orl T Y Central 3% s Central 3%s | NY Central 3% NY Cent 4542 103% 104 106% NY Cent rf 4345 2013 NYCrf43%s2013n._ NY Cent rf 532013 NY CL Sh3s NY Chi & St L 4846 C&St L 1st 45’37, C&StL 414878 NYC&St L 51;8'74 A_ Chi & St 1. 6s'38 Dock 1st 48°51 Dock 5838 Y Edison 314s'65 D. NY Elis ref 33,866 G El H&P 45 '49 -I']I H&P 6848 1&H 1§ aG 1001 122 40 O&W ref 4892 Queens con3 lgs N NY Steam 1st 6547 ¥ Tel gen 433839 NY W&B 4 Niag Sh 5 | Norf So 1st 5541 i.\nn‘& W lst 489 North Am Ed 5 Nor'n Pac gen yu 2047 Nor’'n Pac 4897 __ Nor'n Pac 55 2047 D Nor'n Pac 65 2047- | Ohio Edison 4s'65__ Ohio Pub Sve 715846 Ont Pwr Niag 55 '43 | Oreg RR&N 4s°46 Oreg W RR 45 61_ | Otis Steel 415862 i | PacGas& El131:5°66 PacG & E 4364 Pac T&T {31,566 B | Pac T&T 3%s'66 C | Para Broadway 3s'55 | Param’t Pic 3% 847 . | Paramount Pic 68 '55 | Park-Lx 614853 ctfs 7 ‘Y’Onn C03138°42C___. 104 109% \Nu 101% 105 10214 101, 831, 3314 101 4 105 3414 11014 113% 1054 105 11814 100 215 1024 10374 11914 90 100% 2% 102 4614 26% 68 4 106'% 102% 8614 88% 108% 103 103% 9% 100 102 59 643 120 124 9974 118% % 104% 111 9674 10274 103% 103% 103% MeCRRcltds’45 A 104 104 104, 96% 103% 120 9014 100% 102 461 26% 68 106% 102% 86% 88% 108% 10314 103% 92% 60% 591 50 99% 95 5T% 95 100 102 59 643 120 124 997% 118% 104% 111 97 103 | Penn Co 4552 E _ \ Penn Co 4563 . _ | Penn Dixie C 6s'41_ PennP & L‘ 128°81 *|Penn RR 24 sw1 | Penn RR 33,570 C. | Penn R con 4548 _ Penn RR 41,s°81 D | Penn RR 4% s '84. __ \ Penn RR con 414560 Penn RR gn 433865 | Penn RR deb 4158 '70 Penn RR gen 5 Teople GL&C | Pere Marq 4 Pere Marq 1st 5856 . Phelps D 315852 w i Phila B&W 4345 Phila Co 5267 Phila Elec 328 Phila & R C&1 5573 Phila & R C&1 6549 Philippine Ry 4s'37 PCC&St T, 472540 A_ PCC&StL 43:5'77C Port Gen El 438 60 Porto Rico A T 6s'42. Postal Tel & C 58 '53_ Potomac E1P 3%s 66 Pressed Stl Car 5551 Pure Oil 43,550 ww._ Pure Oil 4148’50 drw. Pure Oil 43,850 xw __ PureO 4% S'50xw d'rn Purity Baking 5s'48_ | Reading Jer C 48 "51_. | Reading R 4138 Rem-Rand 43, s'56ww Republic Stl 4158 " Republic Stl 4158°56_ Republic Stl 414 Republic Stl 5158’5 Revere Cop 44856 _ R G W 1stex in 4s'39 Rio G Weol 4549 A_. Saguenay Pw 418’66 StJo Ry L T&P 5s°37 St LIM&S R&G 48°33 St LIM&SR&G4s'33ct St L-S Fran 43’50 A __ St L-S Fran4s'78 St L-SF 41, 8’78 cf st. St LSF 53'50 B ctfs_ StLRM&P 5855 . StPKCSL4Y%s StP Un Deprfbs" San A & A Pass 48’43 | San An P Svc 65'52 A San Diego CG&E4s'65 Schulco 61,546 A____ Schulco 6325’46 A stp. Schulco 612546 B stp.. Seabd A Liref 45’59 Seabd A L 68’45 A Seabd A L 6545 ctf: Seabd A-F168'35 A cf Seabd A-Fla6s’35B ct. aron Stlcv 4158°51 Shell Un deb 3358 '51. Skelly Oil 48°51_ Socony Vav 3% 8’50 South Bell T&T 5s ‘41 So Colo Pwr 65 '47 A.. SoPac 33%s'46 So Pac col 48’49 So Pac ref 48°55, So Pac 4%s'68 So Pac 4%s'69. So Pac 4%;s'81 So Pac Ore 41, 8'77 rg. So Pac S F Ter 4s'50. So Ry gen 48°56 A. So Ry 6s'94_ So Ry gen 6s 56. So Ry 6128°56 SoRy M & O So Ry St Ldiv 4s ", Spokane Int 5s'55 Stand Ofl N J 3561 Studebaker cv 6s "45._. Swift & Co3%s'50._.. ‘Tenn El1 Pw 6347 A_. ‘Term As St L 4s’ Texarkana § ‘Texas Corp 3%;s°'51 Texas & Pac 58’77 B. Texas & Pac 5s'79 C- Third Av ref 4s'60_ Third Av 1st 58’37 Third A ad in ex 58’66 Tide Wat Oil 3165’52 Tol & Ohio C3%s'60. Tol St L & W 4s'50__. UnEIL&P5s'37___. 1 Un Oil of Cal 3%s '52. Union Pac 3%s°70 Union Pac 3%8°71 Union Pac 1st 4547 Un Pac 1st rf 45 2008. United Biscuit 5s'50_ United Drug 6853 Utd Rys St L 4s'34__. Utah P& L b1 11319 81Y 5T 571 33% 81% 57% 57% 34 4 100 4 104% 1034 1014 8713 98 10014 55'3 58 « 100% 1001 11315 104% 104 102 106% 9014 108% 105 4 104% 104% 2 103'3 501 106% 107 1011 101% 354 614 23 20 25 15% 55% 86 66 21, | light 2 U 8 Rubber 68 '47_... 107%, 106% 107 44 100% 100 : 100% | fractionally, » | the preceding fiscal year. DROP IS REVEALED INOIL PRODUCTION Petroleum Institute Finds Daily Average Down 35,550 Barrels. By the Associated Press. NEW YORK, June 9.—Crude oil production slipped back 35,550 barrels daily from last week's record peak to a daily average of 3,538,150 barrels, the American Petroleum Institute report today indicated. The entire decline occurred east of Californja. Output in that State actually gained slightly. Gasoline stocks, after a long period of what the trade referred to as sub- normal Summer reductions, dipped sharply. Supplies at refineries, termi- nals and in transit totaled 77,494,000 barrels, a drop of 1,264,000. Reports from 89 per cent of the in- dustry’s refineries, operating at 81 per cent of capacity, indicated a daily average of 3,195,000 barrels was run to stills. This compared with 3,245,000 barrels run into processing during the previous period by the same group of refineries, operating at 83 per cent of potential. Cracked gasoline production gained at 740,000 barrels daily during the latest week, against 730,000 barrels the week before. Imports of crude and refined oil totaled 1,108,000 barrels, a decline of 136,000 barrels. HIGHER NET REPORTED BY TRUAX-TRAER COAL E) the Assoclated Press. NEW YORK, June 9.—Truax- Traer Coal Co. reported today for the fiscal year ended April 30 consolidated net profit of $504,490, after undistrib- uted profits tax, or $1.31 a share on 368,863 common shares. This compares with $313,466 of $1.11 & share on 282,175 common shares in The company has headquarters at Chicago. Washington Produce Ts-pound prints | pound ul calves a0 0.b. Wash eau of Agr dards, “arge. 20y E POULTRY—Mar ket steady d Colored. Leghorns p“nda 158 f Plan Announced To Clear Arrears Of Wheeling Steel By the Associated Press. NEW YORK, June 9.—A recapital- ization plan designed to wipe out back dividends on the 6 per cent preferred stock and provide funds for other corporate purposes was announced to- day following & special meeting of directors of Wheeling Steel Corp. A special meeting of stockholders has been called for July 14 to act on the plan which provides for the cre- ation of a new $5 cumulative con- vertible prior preferred stock entitled to cumulative dividends at the rate of $5 a share a year. ‘The authorized common shares would be increased from 500,000 to 1,500,000 and one of the new pre- ferred shares plus one-half share of common would be given to present holders of each share of the old pre- ferred. The plan further contemplates that the new prior preferred will carry the right of conversion into common dur- ing the next 10 years on a sliding scale downward from 1!z to 1% shares. CHICAGO PRODUCE. CHICAGO. June 1 (# —Poultry. live. B chickens easy. hens, 5 pounds and less, ounds, 5 | Fryers. colored, 770 Leshoin 21: Plymouth Rock barebacks, 1) Broilers nd White Rock: forn, 2 pounds up. 12, Serings, colored. foosters. keys. hens. 16 s N Ducks. white and rolorfl., 12 small, 11 ges Butter, changed changed Potatoes, 91: on shipments. 1175 Ol st plies lighi: demand lier c Foanks 0. ¥ A eadz: teady, prices prices un- total U. 8 Steady: sup- Sacked per U.S. No._l, 140, 3 weaker n Triumphs firm for by uality. others steady: supplies moderat emand fa 0. 1 5 2.05-15 iss Trium howing heated. considerabl No 2."showing decay ippl Bliss Triumphs. U 00, best mostly 2.00; U. NEW YORK PRODUCE. NEW YORK June es unchanged. | State. whole m Advances. 40,605 dec s 104,152 decrease, foreign ‘currency to notes large lots by original receivers ur m_today APPLES No carlot arrivale track. Supplies | | k & minimum, minimum | Deliciou: fancy, | U'ksPaRaGTS N cars on track. market _dozen arrivals lies light: " demand weaker. Pyra, ’n'r'mum to taree no crates Trv ck receipts m’wdernm demand 1'2-bushel han lina. vointed tvne. 6! | folk section pointed 5 CARROTS—No carlot nr vals ken cars on Vrnrk Supplies | st California 5.75-6.00; Texas 200 carlot arrivals: no o cars on track. Practically no supplies on | themarket CELERY —Two California arrived: two broken and two unbroken cars on track Supplies light: demand light; Steady. dividually 10-inch 4-10-dozen California, 1, crates. 3-4 dozen LETTUCE—No carlot _arriva broken cars on track. Supplies moderate demand light: market about steady. West~ ern crates. Iceber California | dozen, " mostly .7 few poorer. low as 450 G-dozen, =00 ONIONS "Three Texas artived ken and seven unbroken cars on tr ! Supplies moderate: demand light: market about steady. Texas. 50-pound sacks Yel- low Bermudas. U. S. commercial, 1 higher PEAS—One California arrived: two bro ken and one unbroken cars on track Supplies moderate: demand light: marke slightly _weaker. Bushel hampers: “Call fornia. Telephones 35; mostly E Pennsylvania. 1.50 Potato Prices Steady. POTATOES—One Maine, one Old stock: Supplies light Darket steady, Maine, Green Mountain: 8 Stock: MSiBphes maderatesdem market sty weaker. Notth and Smcin Carolina barrels. Cobblers. U. S. : few higher uu pnund sucks. Cobbiers, V.8 7 1.5 STRAWBERRIES—No _carlot arrivals no cars on track. Truck receipts moderate supplies moderate; demand slow: market du art crates VArious varieties: 00; New Jersey. mostly 3.50-4.00; nearby sections, according to_quality. OMATOES—Three M :nmppi arrived: {hree broken and three unbroken cars on track. Supplies fairly liberal: demand light: market steady. Mississippi. lug boxes, green, 6x6 and Texas. lug boxes. ripe. 1.00-1.75: Geor oxes. BxA and larger. ‘green rlpt< and " turning wrapped »00-% 250 WATERMELONS-—One Florida arrived: 1 one unbroken car on track. Supplies mod- erate: demand light: market _weaker. Florida. truck receipts, Tom Watsons. 7 pounds average, 40: 30-34 pounds average, 5. freight receipts practically To supplics on the market CAN PES—No carlot _arrivals: four broken eareon track. Supplies mod- erate: demand light: market ste: cali- fornia. Salmon Me 52 demand light 100-pound sacks No. 1 Delaware 2.50-3.50. T orida_and | Rer. over- o fla; s ' to 1 MIXED VEG!.TABLES—NO carlot ar- rivals; no cars on track. —_— High. Low. Close. 49% 4913 491y 50'a 50% 50% 3% 3N 3y 108% 1081 108% 105% 961% BGV- 31% UHIP&L58'69 ww_. U1 P& L5%s 47 __ V C&P 1st 4148'34 ast. Va E &P 1strf 48°'55. VaRy 1st3%s'66 A_. Va S W conbs'58. ‘Wabash 41,8°78 Wabash 1st s 39 Wabash 5148 '75 Walker H&S 4% s Walworth 4s°'55 _ Warner Bros cv 6s ‘39 Warner-Quin 6s'39__ Wash Term 315s°45__ Wash W P 1st 5839 Vest Penn P 31,8'66 West Pa Pw 48’61 H_ W Sh 1st 45 2061 gtd. W Sh 1st 45 2061 reg. West'n Md 1st 48 '52_ Westn Md 5%s8°77 Westn Pac 65’46 A___ West'n Pac 58’46 A as West'n Un 4%s°50 __ Westn Un cl tr 55 '38_ Westn Un 68 ‘51 - West'n Un 5s°60 Wh&LEcon4s’49__ Wheel Steel 4158 °53_. W Sp Stl con 7s ‘35 ct Wilkes B&E 1st 5842 Wilson & Co 4s'55. '101% 101‘/4 101!( 96% North Carolina. one South Carolina arrived: three | broken and four unbroken cars on track. | . Rale of discount, 4 per cent. 5% INTEREST CONSTRUCTION LOANS AND STRAIGHT 3-yr. LOANS Prompt Action on Applications Real Estate Mortgage & Guaranty Corporation 1610 K St. N.W. NAtL 1403 Mortgage Money For CONSTRUCTION LOANS and LOANS ON IMPROVED PROPERTY in the District of Columbia Nearby Maryland and Virginia Norin Caro- | - "No Prompt Action B. F. SAUL CO. 925 15th Street Natl. 2100 ELEGTRIC POWER OUTPUT DECLINES Week’s Drop Leaves Total 10.9 Per Cent Ahead of Year Ago. Bs the Associated Press. NEW YORK, June 9.—Production of electricity in the United States for the week ended June 5 was 2,131,092,- 000 kilowatt hours, the Edison Electric Dividend Reduced: To 25 Cents by American Stores Es the Assoctated Press. NEW YORK, June 9.—American Stores Co., a Philadelphia concern operating a grocery chain in Middle Atlantic region, declared a dividend of 25 cents, payable July 1 to stock of record June 15. In previous quare ters company paid 50 cents. CHAIN su?mm 'NEW YORK, June 9 (#).—Dow, Jones & Co. announced the first 27 chain store and mail order houses 10 | High pounds up, | 5| California White Rose, U. S, REPAY YOUR MORTGAGE LIKE RENT 8% Interest No Renewal Fees Up to 20 Years Repay Y setting up your mort- gage on a long-term basis, you avoid the worry and expense of periodic re- newal or refinancing ar- rangements. You pay off the principal in monthly installments, like rent, or in any way that is most con- venient for you. Tell us about your requirements. Learn how our Mortgage Loan Plans can save you money. WEAVER BROS in¢ REALTORS Morigage Lean Correspondent Matropslisan Lifs Insurance Company WASHINGTON BUILDING DISTRICT - 9436 Y'ngstn S&T 31%s°61. 13§ 134 134 Y'ngstn S&T 48’61 101% 101 - 101% report for May showed total sales of $263,864,357, compared with $230,034,» 296 in May, 1936, an increase of 15.1 per cent. The April increase was 108 per cent. - — 3 FIRST TRUST LOANS Reasonable Rates and Commissions Tyler & Rutherford, Inc. 1312 L Street N.W. National 0475 Loan Correspondent Mutual Benefit Life Insurance Co. Institute reported today. from the previous week's figure of 2,206,713,000 kilowatt hours, but an in- crease of 10.9 per cent over the same week last year. The decrease, which was seasonal, left the Associated Press index of | power production, with 1929-30 taken | as 100, and adjusted for seasonal and long-term trend, unchanged at’ 119.0. A year ago it stood at 108.5. The range for recent years follows: 1937, 1036, 1935, 1934. 1933 e 1A% 1 974 914 Low 1163 10200 931 9l 802 The institute’s report showed the following percentage increases in major geographic regions: New Eng- land, 5.4; Middle Atlantic, 10.8; Cen- tral Industrial, 10.3; West Central, 6.8; Southern States, 19.3; Rocky Moun- tains, 27.4; Pacific Coast, 7.5. PHILADELPHIA PRODUCE. PHILADELPHIA. Pa. June 9 poultry, Spring chickens, fancy. Rock. to ' pounds. breds, to %< pounds ' Red ihs pou or over, 21aui3’ Reds. broilers. | as'to size and quality. 17a19. Leghorns. 1 | to 21, pounds. 15a1K; ducks, White Pekins young, 14al18’ old. 10all: mixed colors. | o 10: turkeys. fancy hens. 16al s Dfcssed poultry—Chickens, PPt LETTERPRESS SET PRINTING. your reauest, Ertimates sections, WANTED Some one to buy “Twin Oaks Es- tate” as an investment and let me organize an exclusive club, riding academy, etc. This is an extraordinary opportunity. Best of references. Address Box 74-B Star Office OFFICE FURNITURE WE SELL, BUY OR EXCHANGE Desks Steel Files Tables Steel Cabinets Chairs Safes BAUM’S FURNITURE HOUSE 1416 Eye 8t. NW. Phone NA. 2184 FIRST TRUST LOANS LONG TERM Investments First mortgage notes, 6% e e Washington and near- $500 up. Interest 6% per annum. Bradley, Beall & Howard, Inc. Southern Bldg. Phone Nat. 0271 well secu by Maryland. Denominations of Established Nearly 40 Years If You Need INSURANCE We are in a position to handle all of your insurance matters in a careful, economical and personal manner. No matter Wwhat kind of protection you are seeking, we will be glad to serve you. Only, may we suggest the folly of delaying action? J. Blaise de Sibour and Company INSURANCE BROKERS 1300 Eye St. N.W. Natl, BOSS 6 PHELPS MORTGAGE CO. oan Correspondent John Hancock Mol Life Ine. Co 1417 K S5t. N.W. NA. 9300 SPLENDID INVESTMENT 4673 MORTGAGE LOANS ON BUILDING LEASED TO SEARS, ROEBUCK AND COMPANY Centrally Located BUSINESS PROPERTY very attractive interest rates ROBERT PEDDICORD 1713 K St. N.W. DISTRICT 0010 EDMUND J. FLYNN MANAGER BUSINESS PROPERTY DEPAR' T BOSS & PHELPS 1417 K St. Realtors NA. 8300 Office Hours, 9-12 ReEAL ESTATE LOANS on Improved Property Monthly Payments or Straight 3 year Loans AT 5 % INTEREST Consult Real Estate Department AMERICAN SECURITY AND TRUST COMPANY Main Office FIFTEENTH STRERY AND PENNSYLVANIA AVENUE Branch Offices 7th and Mass. Ave,, N. W. Seventh and E St, S. W. Eighth and H Sts,, N. E. 1140 Fifteenth Sr., N. W. MEMBER FEDERAL DEPOSIT INSURANCE CORP. MEMBER FEDERAL RESERVE SYSTEM LOANS ON IMPROVED D. C. PROPERTY Immediate attention on your appli- cation for buying, rebuilding or refinancing. Loans repayable monthly. No charge for cppraisal if loan is not made. Interest charged only on unpaid balance of principal. - E QUITABLE CO-OPERATIVE B UILDING A SSOCIATION 915 F STREET N.W. .Organised 1870 »