Evening Star Newspaper, June 9, 1937, Page 18

FINANCIAL, THE EVENING STAR. WASHINGTON, D. C., WEDNESDAY, JUNE 9, 1937. FINANCIAL. IEA_IBE PE&SPEGTS TRANSACTIONS ON THE NEW YORK STOCK EXCHANGE STI(S RRECULAR ‘AT ENI] O0F SESSI[]N Prev. 103’ High. low 241 36!y 4m- Prev. 1937 Stock and Bales— Prev. 1937 ma:‘n. Low. Dividend Rats. Add 00. m:h bn'. Close. :hn High. Low. 28% + % 6% — | 4214 Stpck and Bales— Dividend Rate Add 00. 3% South Am G & P 30c 4 33 South Port Sug(t2) x 1 26'% — % | 32'a 22! $o Cal Edison t13 7 65% 4215 Southern Pacific 29 All New York markels are now on daylight saving time, Dividend Rate. Add 00. High. Low. Close. chu Prev 1957 Stock and Bales— Net High. Low Dividend Rate. Add 00. High, Low. Close. chge. 84'3 633 Acme Steel (4) 2 75 74 4+ W 17% Del Lack & West___ 18% 17% 17% — % 256% Mission Corp (b1)_. 9 2814 Diamond Match (t1 29 9% 6% Mo Kans & Texas__. 8 341 Dlamond Mpf(t1%) 36'% % 24% Mo Kans& TexpnfA 14 22% 15 Adams Express b30¢ 2 17 17 + % 1713 Diamend T Mot (1). 85 Monsanto Ch (b1) . 801 674 Alrd&eduction (t1)_ 7014 i Brookmire Service Stresses | Sharp Recent Gains in D. C. Trade. BY EDWARD C. STONE. General business conditions in Washington, Maryland and Virginia for the next six months should be "“good,” according to a survey just completed by Brookmire, relating par- ticularly to sales prospects and the credit outlook. The Brookmire service calls especial attention to the recent gain here of 13 per cent in bank debits, compared with the like period in 1936, to an Increase of 14 per cent in retail trade and a jump of 43 per cent in building activity. Turning to a group of Eastern Btates which includes Maryland and West Virginia, the forecast presents an estimate that consumers’ incomes in the next six months will be 18 per cent ahead of the like period Jast year. Incomes from manufactur- ing in April rose to the highest level since 1929, but such incomes will | probably stabilize for some months around current levels, the survey says, adding that this will probably reduce | percentage gains over last year. Prospects in Nearby Areas. Referring further to Maryland and adjoining States, the forecast says that farmers' incomes in April were 18 per cent above last year, but these gains will probably narrow in the remainder of the year. pril build- ing volume widened, as did output of electricity. A good level of business is in prospect, though gains should barrow for some months. Looking at Virginia and the Caro- linas and other Southern States, the survey says that consumer income in the next six months is estimated at | 19 per cent better than a year ago. Farm income is estimated to reveal a better gain than that from other sources. Cotton acreage is larger in most States, with crop conditions good. Farm income in March was 81 | per cent above last year. “Trade volume is now good, with the out- look improving,” the forecast con- cludes, In Maryland in April, the report says, bank debits were up 16 per cent, life insurance sales 23 per cent, elec- tricity production 2 per cent, building | 27, pay rolls 25, passenger auto regis- | trations dropped 12 per cent and | trucks 8, farm income was up 47 per cent, gasoline consumption 17, cement cghipments 50, while there was a 22 per cent decrease in business fail- ures. Virginia Debits Soar. Virginia bank debits in April \\Clc‘ up 19 per cent, life insurance sales 9, | electricity production 20, building 37, cotton spinning hours 9, pay rolls, 25, | passenger car registrations 7 and | trucks 3, farm income 45, gasoline consumption 32, cement shipments 20 | and business failures 30 per cent | higher than a year ago, the survey | announces, the conclusion being | reached that a “stabilizing tendency | 1s likely to prevail in consumer income over the next several months” and that “satisfactory trade outlets should | be found in all sections of the coun- try.” Corporate earnings, which have al- ready established notable gains, can be expected to record further substan- | tial progress, and basic economic con- ditions indicate that business expan- sion will follow a temporary Summer low, according to Brookmire, despite recent wage costs, as the use of more efficient machinery, now being bought in record amoun and increasing | busines activity both tend to reduce unit costs. | Hamilton Votes Dividend. Directors of the Hamilton National | Bank, meeting vesterday, declared a | dividend of 50 cents per share on the“ outstanding stock, payable August 2, | to stockholders of record on July 23. | ‘The board also authorized a transfer ©of $25.000 to surplus, Sidney F. Taliaferro, trust officer of the Riggs National Bank, will ap- | pear on the program at the joint an- nual convention of the Virginia and ‘West Virginia State Bankers' Associa- | tions, at White Sulphur Springs, later this month. According to the pro- gram he will conduct a round table dis~ cussion on trust matters. The con-| vention dates are June 24, 25 and 26. | Joshua Evans jr., vice president of | the Hamilton National Bank, is plan- ning to attend the same convention | and it is anticipated that several other | Washington bankers will be present. It is the first joint meeting the two State associations have planned. Some 800 financiers and guests are expected. Crowley Reports Bank Merger. Chairman Leo T. Crowley of the Federal ‘Deposit Insurance Corp. an- | nounced today that the Farmers &: Mechanics’ Trust Co., Cape Charlfisfl Va., with deposits of $1,261,400, has | been taken over by the Northampton | County Trust Co. at Cape Charles. The merger is in line with other merg- ers arranged by the Federal authori- ties without any loss to depositors, | five such consolidations being com- | pleted during the past month in the‘ insurance corporation’s campaign to| eliminate unnecessary or uneconomic | banks. Numerous visitors' attractions of the Nation's Capital have been publicized in a 52-page tour book issued by the | Aetna Casualty & Surety Co. of Hart- ford, Conn. Distribution of this book, “Aetna Pleasure Trails,” is expected to reach a Nation-wide total of 100,000 copies during 1937 and bring to the | attention of thousands of people the many points of interest in this| vicinity. Heavy Trading on Exchange. The heaviest trading in weeks was recorded on the Washington Stock Exchange today. The market opened with City & Suburban 5s selling at 78. Potomac Electric Power 6 per cent preferred moved at 111, Railway & Electric preferred at 110%; and 110%s. Fifty shares of Security Storage sold at 120, Lincoln Service preferred at 471; and 120 shares of Capital Transit at 103, Riggs National Bank common came out at 320, Mergenthaler Linotype at 4634, National Capital Bank stock at 145 and Washington Gas Light at 77. Lanston moved at 90. Washington Gas 55 sold at 1167 and 115%g. Smith Opens Convention. 2% Afr-Way Electric 11% Alaska Jun (t60¢).. 2% Alleghany Corp 4313 Alleg pf ww $30 31% Alleg Steel (b80c) . 19 Allen Indus t1) 218 Allied Chem (6) 21% Allied Mills (b2)_ @5 Allied Mills (b2)rts. Allfed Stores (bzoc) Allis-Chalm (b1) . 2115 Am Bank Note (11) x 57'4 Am Brake Sh (12)__ 2 Am Can (14)_ = 50!z Am Car & Fy (b25¢) 80!« Am Chain & C b30c. x l'& « Am Colortype *s Am Comecl Al liDl!.- 4 AmCrys Sug b2% _ 2Am Crys S 1st pf 8!x Am Encaustic__ T Am & Foreign Pwr._. 45 Am& For Pw $7 pf_ 6'9 Am Hide & Leather. 42 Am Home Pr(12.40). 1714 Am Ice pf (2) 13'a Am Interntl (a40c). 204 Am Mach & F (11)_. 9 Am Mach & Met 60c x 45'3 Am Metals (b25c) __ 62 Am News (N Y) (3) 814 Am Power & Light_. 43% Am Pw & Lt pf (5) 20's Am Radiator't60c__ 31% Am Roll Mill (2) __ afty Raz (12). x hipbldz (+2) % Am Sm & Ref (3) Am Sm & Ref pf(7) 5612 Am Snuff (i3 48% Am Steel I 17 Am Stores (2) v Am Sugar pf (7) 16014 Am Tel & Teleg (9 41 Am Tobaceo (3) pe Foundars 16° Am Water Wks Suc. 7% Am Zinc & Lead da Cop bic A Wire bll; 18 Anchor Cap (60c) ndes Copper______ Armour(Del)pf(7) x 7 Armour of I11(b3ic) : R1% Armour(I111)pr pf 6 x Armstrong Cork(2) Artloom Corp . « Assoc Dry Goods 49% Assoc Invest (3) 93% Assoc Inv pf ww (5) Atch T& S F pf(5)- 4414 Al Coast Line(al)_ 30 AtlG& W Ipf(ad)_ 28 Atl Refining (1) = Atlas Corp (80c) _. 5012 Atlas Corp pf (3) 2 Auburn Auto 6 Austin Nichols_ 5% Aviation Corp Del__ < Baldwin Loco (d) _ 82 Baldwin Loco pf(d) 4% Baldwinasd (d) _. £81, Baldwin pf asd(d)_ 20% Baltimore & Ohfo _. « Baltimore & Oh pf_ 95 Barber Co (b25c) __ 38 Barker Bros pf 2% -24'% Barnsdall (1) 4. Bayuk Cigar t75c 2's Beatrice Cream t1_. 12 Belding Hemin (1) _ 19'< Bendix Aviat'n b50c 20% Benef Ind Ln (b%5c) 4% Best& Co (213) ___ 73 Bethlehem Steel(bl. 185 Beth 5% pf (1) __ 113% Bethlehem pf (7) 24'3 Black & Decker (1) Blaw-Knox (b45c) . « Boeing Airplane 40°x Bohn Alum & B(3 8514 Bon Ami A (4) _ 41% Bon Ami (B) (213) 23'3 Borden Co (1.60) ___ 387 Bore-Warner (2) _. 15 Bridgep't Brass(1)_ 41 Brizgs Mfg (b133) 437 Briggs & Strat (3) 41 Bristol-Myrs 12.40 21 Bklyn-Man Tr (4) __ « Bklyn-Man T pf(6)- « Bklyn & Queens x Bklyn Un Gas(1.60) 17% Brunswick-Balke 157s Bucyrus-Erie &% Budd (EG) Mfg 8 Budd Wheel b20c 31 Bullard Co (b30c) 501 Bulova Watch (14)_ .n s Burr Add M (80c) s Bush Terminal . _ Efl Bush Terminal deb. 2414 Bush T Bldg pf cod_ 1312 Butler Bros (60c)__ 10 3 208 o @ Eatan eRedpademnamenTanBwari nmwn @ g n - 2.0 @ 4+ Butte Cop & Z(abc). Byers (A M) = Calit Packing (113). % Callahan Zinc-Lead Calumet&Hec bTic.. Campbell Wy (1) 's Canada Dry G Ale__ Canada South (3) Canadian Pacific . Cap Adm pt (A)(3). Case(J 1)Co (4) __ aterpillar Tr (+2) x Celanese Corp bliz l('r 2 Celanese pr pf Ad'] s 612 Celotex Corp( 40c). Cent Aguire (f13%). T's Central Foundry ___ 18 Central R Rof N J_. 60 Cerro de Pasco (4)-. 14'4 Certain-teed Prd . 60'x Certain-teed pf (6). Champion Pap (t1). 108 Champion P pf (6)_. TR Pt R0 @ S D 0D TS B B ko 77 Chesapeake Crp(3). 2!z Chi & East [11 (d) 674 Chi & Est {11 pf (d). 2413 Chi Mail Ord 11% __ 2 Chl Mil St P&P (d) - 4% Chi M St P&P pf(d). 313 Chi & N W (d) - 1113 Chi & N W pf (; Chi Pneumatic Tool 2! Cht R 1 & Pac (d) _ 575 Chl RI&P 1% pf(d) 15% Chickasha Cott'n Oil 106!z Chrysler Corp b3 % _ 187x City Ice & Fuel (2)_ 83 Clty Ico& F pf 6% 7 City Stores ___ 21 Clark Equip(t1. 60). Coca-Cola (12)_ Coca-Cola A (3) 194 Colzate-P-P (150 50 Collins & Alkn l?’) 10815 Collins & Aik pf(5)- 33 Col Fuel & Iron(b1) 19 Colo & South 1st pf_ 114 Columb G & El(40c) 8413ColG& Epf A (6) . 31 Columb Pic vte (11) 56% Comel Credit (14)_. x 6312 Comel Inv T (t4) _. 1037 Comcl Inv T pf 4% _ 13% Comel Solv (160c) - 2 Comw & Southern._. 47% Comw & Sou pf(3)._. 13! Conde Nast Pub.___ 35% Congoleum-Nrn(2)_ 11% Consol Cigar _.____ 34 ConsEdis N Y(t2)_ 1027 Cons EA N Y pf(5)._. 3 ConsFilm _ _ 9'4 Cons Laundri 14'2 Cons Ol (80c) " % Cons Textile (d) 81s Cons Coal(Del)vte .. 20% Container Corp 1.20 # Contain rts June 28. 21% Contl Baking (A) 2% Contl Baking (B)... 50“- Contl Can (3) 35% Contl Lnsur (+1. Ifl). 2 Contl Motors.__o__. 39% Contl Oil Del ('l) - 62'% Corn Ex Bank (3) 547% Corn Prod Ref(t3 6 908 4 500 23 Tom K. Smith, president of American Bankers’ Association, dressed the opening session of American Institute of Banking, which | ' is being attended by a large Washing- | 121 The strike continues ton delegation. at the headquarters hotel, program sessions 8o far, but With no elevator service many dele- gates have had to climb 10 stories For 'several hours to their rooms. yesterday lights were also turned have been held 5153 Corn Prod R pf (1) 10% 6 .Coty Inc . 561 4215 CraneCo __ _ 10574102 Crane Co cv pf (5)- 1 Crane Co (rights)__ “1131 Crane Co bf (1) 10074 7015 Crown Cork & § 471, 40 CrnC&S pf xw 2% all | u51, 17 Crown Zellerb 81% 51 Crucible Steel 1'% Cuba Co 815 Cuban-Am Sugar. 10'% Curtis Publishing.. 8% 5% Curtlss-Wright 23% 16t Curtlss-W (AdaS0c. 24 19 Davegacumpflif._ the ad- the N‘ 20% off, 2 12 3 44 3415 T Y% 116W,116% 3% 40 19% 63 1 8% 113 B 18% T 2% + % + W =i -4 +1 L1444 +14+101 + Lm0 R I+ +++140 0010 I+ ’_l & FE e esE 3% 40 19% 63 W 1% 8% 11% 6% 18% — (R U e S i s FEFEETHE & 7004 — 8| 29 20 Distil Corp Seag.- 84 Distil T Sea pf ww 19% Dixie Vortex(13%4) .x 3814 Dotne Mines (12)___ 1 9% Dominion Store: 471 Douglas Afrcratt . 1 27 Dresser B (al) 2 2 Duluth SS&At] 112 Duplan Silk pf (8)_. 108 18014 14815 Du Pont de N(b2%). 10 135% 131 DuPontdeN deb(6). 1 1153112 Duaquesne 1st (5)__. 100s 101 Eastern Roll Mills . 4151 Eastman Kodak (8) 31% Eaton Mfg (2) . 11'4 Eitington-Schild 21% El Paso Nat G 1.6 34% Elec Auto-L b1.40_ 9% Elec Boar (a60c) 4% Elec&Mus 1 (al8¢) - 15% Elec Pow & Light. . Elec Pw & Lt $6 pf_. Elec Pw & Lt $7 pf_, Elk Horn Cl pt (d)_. Eng Public Serv_. Erie RR rie R R ureka Vacuum Evans Prod (1) .- Fairbanks Co__ Fairbanks Co pf_. 2 Fairb'ks-Morse (11) Fajardo Sugar (b2). Federal Motor (40c). Fed Screw Works__. Fed Water Sve A___ Fed'ted Dep S pf 4% Fidel Phoenix v1.60. Firestone T&R (2) First Natl Strs t21% x Flintkote Co (1) _ Food Machine (1) __ 1162 Food Mach pf(413). lnn. 3815 Foster-\Wheeler ___ 106 Foster-Wheeler pf . 60 " Franklin S pf(ab%) 2414 Freeport Sulph (1)~ iller Co pr pf. Fuller Co 2d pf Gamewell Co ans bl Gen Baking (t60c) - Gen Bror; - Gen Cable _ en Cable pf (a7)_ Gen Cigar (14) Gen Electric (b80¢). Gen Foods (2) . _ 113 Gen Gas & Elec(A). 50~ Gen G&E 6% cv DIA 20- 60 Gen Mills (3) - 117 Gen Mills pf (6) '3 5414 Gen Motors (b11{)_. Gen Motors pf(5)__ 875 Gen Outdoor Adv___ Gen Outdoor Adv A Gen Print Ink b30c. Gen Pub Service __ Gen Ry Signal (1)_ x Gen Ry Signal pf(6)x 40 Gen Realty & Util__ Gen Refract (b?) Gen Stecl Caat pf 5 xl(n. 238 EYvIuET] S aTwreawn r.nn Time Instru t1. Gillette S Raz (11) Gimbel Bros Glidden Co (t Gobel (Adolf) ___ Goebel Brew (t20¢) x Goodrich (BF) bitc. Goodyear T & R bl_. Gotham Silk Hos Graham-Paig Granby Cons. 3'x Grand Union ctfs _. 18'; Grand Wnion pf b1lj 34% Grant (WT) (11.40) 40% Grt Northern pf.___ 19 Grt Northn Ore (1) 34 Grt West Sug 12.40. 12% Greyhound (t80c) _. 10% Greyhound pf(55¢) 30 Hackensack W bise 131 Hall W F Print____. 104'2 Hamilton W pf (6)- Hanna (MA) pf(5). Harb-Walker (12) . Hat Corp of Am 80c. § Hayes Body 1094 101 Hazel Atlas Gl (15). 11% Hecker Prod (160c) Hercules Motor(t1) Hollang Fur(al%)-. Holly Sugar (12) Homestake (112) Houd-Hersh A(21; Househ'ld Fin pt(fi) Houston 01l vte Howe Sound (13) ... Hudson Motor - Hupp Motor. 3 [llinois Central_ ... Illinois Cent pf A_.. Indus Rayon (2) .. Ingersoll-R'd (b1%3) Inland Steel (14) oy Srnwnmie = e, ria R RS 10 9 1B 108 105 00 309 Inspiration Cop Inter Rap Tr vte(d) Interchem Corp(t2) Interchemical pf(6) Intercontl Rubbe: Interiake [ron Intl Agricultural Intl Agriprpf(b3).x 3 Intl Bus Mach(16)_ Intl Harvester(234) Intl Hydro E1 A .__ Intl Mercantile M_ . Intl Mining (b30c)_ Intl Nickel (b1)_ » Intl Paper (A)_ intl Paper (B)_. (ntl Paper (C)_. Intl Paper pf Intl Ry Cent A 2 Intl Ry C Am nf A Intl Salt (T1%) 3 (ntl Shoe (12) Int Silver pf (b6) 9% Intl Tel & Tel _ 39 1 1 100 3 'x 20's Interstat Do Stb2i 20 712 100 1 263 1714 Inter Dept St pf(7)_ 308 Intrtype Corp b30c.. 1 30 25!3 Island Creek (2)__. 125 Johns-Manv (13) 12015 Jon&L 7% pf (bl 32 KalamazooS (t1)__ 20 Kans City South __ 3215 Kans City So pf(a1) 1615 Kelsey-H A (al1%)_. 1113 Kelsey-H B (al3)_ 2101 Kendall pt A (16) _ 1 Kennecott Cop b1% . 4 Keystone S&W b30a Kinney pf (a1) __. Kresge (S S) b60c_ Kress S H (1.60) __ Kroger Groc (11.60) 4 Lambert Co (2) .. Lee Rubber (50c)-_. 4« Lehigh Valley Coal. Lehigh Val Coal pf_ Lehigh Valley R R.. Lehman Cor'n Lerner Stores(12) .. 6!” Libbey-Ow-F b75¢_. 9% Libby McN & L(a1). % Life Saver (11.60)_ Ligg & Myers (14) 5113 Link Belt (12)_ - 43% Liquid Carb (2.60) 641 Loew’s [ne (12) 2'¢ Loft Inc 50! Lone Star Cem 6'2 Long-Bell Lumb(A. 317 Loose-Wiles (2) __. 21% Lorillard P (11.20) 19% Louis G&E A b37%¢ 86% Louls & Nash b2l _. 29% Ludlum Steel (11)_. 263 McCall Corp (t2) 14% McCrory stores 86 McCrory Strs pt(GL 181 McGraw H P b27%e. 32% Mclintyre Porcu(2) . 3114 McKeesp't Tin P(2) x 12% McKesson & Rob___ 12% McLellan Strs b75e- 423% Mack Trucks (11)_. 44% Macy (RH) (2)__. 7% Man El md gtd (d) .. 3% Maracaibo Oil Exp.. 10% Marine Mid (t40¢c) .. 155 136 - 3% Market St Ry 2d pf_ 187 Marshall Field __._ 22 Martin (Glenn) 7 Martin-Parry 50 Masonite (t1) 327 Mathieson Alk (1% 51% May Dept St (13) __. 9% Maytag Co (ab0c) . 35 " Mavtag pf ww (3) 25% Mead Corp (b30c) .. 4 Mead Corp pf (6)_.. 1'% Mengel Co 38% Mengel 1st pf (2%) 58 Mesta Mach (b2%). 14% Miami Copper . __. 27% Mid-Cont Pet (b50c) 211 85 19% 40 99 58% 27 2 115 155 13214 1131 11 3313 101% 121¢ 69 St e A i T R I o 1 o L+ X e TR Ti+l1+++ 48 Montg Ward (12)__, 39 Morrell J (2.40) _ % Mother Lode a12%¢. 30% Motor Prod (b1%;) . 19% Motor Wheel(1.60)_ 40 Mueller Brass (t1)_ 241% Mullins B (a50¢) .__ 11% Murray Corp(a50c). 17% Nash Kelv (1) _ 35 NashvChat& St L 11'% Natl Aviation (al) .. 24'% Natl Biscuit (1.60) 257 Natl Bond & In 1.44 x 29% Natl Cash Reg (1) . 10 21% Natl Dairy Prd 1.20. 20 107% Natl Dairy pf A (7). 10s 16'¢ Natl Dept Stores __ 27%3 Natl Distillers(t2). 14 14% Nat'l Gypsum Co 31'3 Natl Lead (t50c) 154% Natl Lead pf A (7). « Natl Pw & Lt (60c). 70 Natl Steel (12%)__.. 62 Natl Supply Co 614 Natl Tea. " 28 Newport Ind(b50c). 7313 N Y Air Brake (al). 40 N Y Central 41 NYChm&StL.__._ 83 'NYChi&StLopt_ 25'% N Y City Omnibus 8 N Y Dock._ Y Dock pf._ Y Investors (d) NYNH&H d). Y NH & H pt (d) N Y Ontario & W Y Shipbuilding._. Y Shipbldg pf _, N Y Steam pf (6) N Y Steam pf A(7) North Am Aviation Xorth Am Co (h6lc) orth Am Co pf (3). Northern Pacific _ Northwest Tel (3)_. Norwalk Tire & F Ohto Qil (b30c) Oliver Farm Equip. Oppenheim Collins_. Otis Elevator bi0c Outhoard Mot b15c- Outlet Co pf (7) Pacific Am Fish 1.20 Pacific Coast__ Pacific Coast 2d Pac Finance(71.80). Pac Gas & Elec (2) . Pac Lighting (3)._. Pacific Mills (b1)_ Pac Tel & Tel (8)_ Pac West Oil(a65c). Packard Mot (b15c) Panhandle P&R pf Parafline Cos pf (4) % Paramount Piec ____ Paramnt 24 pf 60c__. Park & Tilford (2)_. Park Utah . __ Parke Davis(b1.40). Parker Rust (1115). Pathe Film Corp __. Patino Mines(160c). Peerless Corp Penney J C) (4 Penn Coal & Coke Penn Dixte Cement. Penn Dixie pf (A) . Penn Railroad (a2)_ Peoples Gas Chi Pero Marq pf_____ 4 Petrol Corp(A) bilc Preiffer Brew b6uc 31c Phelps D bSoe x rts. 4 PhelpsD rts June? Phila Co 6% pt (3)_ Phila Rap Tr (4) Phila & Read C& 1. Philip Morris(b3 %) Phillips Petrol'm 12 Pitts Screw&B blic Pitts Steel pf. Pitts United Pitts & W V Pittston Co Plymouth Oil b70c ) Postal Tel&C pf(d). Pressed Steel Car _ Proctor & Gam(t2). 2 Proc & Gamb pf(5) . Pub Sve N J (2.60) . Pub Sve NJ pf (5).. Pullman Ine (1%) Pure Ofl __ __ Pure Oil pf (8) 139 Quaker State O b4de Radio Corp _______ Radio 1st pf (31;) Radio-Keitn-Or (d) R R Sec I11 Cent___ Raybestos M (11%) Reis (Robt) ______. leis (Robt) 1st pf_. Reliable Stores (1) - Reliance Mfg (160c) Rem-Rand (bisc) _x 12 Rem-Rd pf ww 413 x 1teo Motor Car__ Republic Steel _ Repub Steel pf(h3)~ Revere Copper Revere Copper(A)_. Reviiolds Met (t1)_. Reynalds Spr (11) Reynolds Tob (3) Reynolds Tob B (3). Safeway Stores(t2) Safeway Strs pt(5). Safeway Strpf(6) . 208 110 Safeway Strs pf(7) 30s 43% St Joseph Ld (12)__x 11 3 St L-San Fran (d) 614 St L-San Fr pt (d) 14'x Savage Arms b2ic . 4013 Schenley Dist bl% _. 181 x1008 1091, Purity Bak (60c) 17 - Y| 43% 24 6015 45 65 b4 1% 8 1% 61 SoRy M + % — % Spalding 31 Spencer 17 Sperry C 2815 Spicer M piegel, quare I tand Of Stand Of Stand Oi Stand Oi Superior Superfor Swift In Symingt, Symingt Texas G Texas & Tex Pac Texas P '« Thermol Thomps': Tide Wa ide Wa Timken-. Transue ruax-T. 20th Cen Twin Co: Und-Ell Union B 10014 9lta 111 2814 4 Union O Union Pacific (6) . Union T Utd Aircraft(as0c). Utd Air 5% Spicer pf A (3) plegel cum pf(415) Swift & Co (11. Third Avenue._ Thompson Starrett. Thompson Star pf__ Timk'n-Roll Brg(3) Transamerica t40c_ 2 2 Trans W Tri-Cont’l (h23c) Tri-Contl pf (6) Union Carb (3.20) _ Southern Ry._ 17 Southern Ry pf__ EoE &Oct (4).. 1 1 Spalding (A G)____. 1st pf 108 5% Sparks- Withing _ 5 Kell (1.60) 1 orp vte(al) 13 fg (a3) 2 108 Ine (1) 908 )(B) bE0c tand Brands(t80c) tand Com Tobac_.. tand Gas & El (d) - tand G&E $4 pf(d) tand G&E $7 pf(d). 1Calif(t1). 1Ind (t1).. 1 Kan(al).. INJ (11)_. Stewart-Warn t50c. Stone & Web(a2ic). Studebaker Corp. un Ofl (t1)._ - uperheater (113) .. Oil_ Steel - )-a ternatl (2). on ww bllc on xw bl0e. Talcott (J) pf $2% . Tenn Corp (albe). Texas Corp (2) . Texas Gulf PraSe ulf Sul (12) Pac R R.__ C&O0 bl0c LT (allc d Co n Prod b40c t As Oil 80¢ tAODL4l: Detroit(11) I++1 1+l +1 6010 111 17 8t Afra2be. & Wit60e). (8 | raer(b2ie). 20th Cent Fox b50c - tFpf(1%). ach (blsc). -Fish bl ag & P (2)_. 1003 241 140 274 il(Calif)1.20 nk Car 1.60. Lines a20c_ Utd Carbon (4) _. 2 Utd Corp (a20c) 100 Utd Dye Utd Elee Coal._ United F| Utd Gas Utd Corp pf (3) - x 19 | United Drug (b23¢) wood (1) ruit (13) Imp (1) Utd G Imp pf (5).__ 6! Unit Paper'bd b30c - U S Dist ributing pt_ 50 Uh&l‘ornsecur US Frel S Gypsum (12) __ 5 Gypsum pf (7). 10 5 Hoff, J S Leat 1) S Leather(A)vtc U S Pipe ght (11) 912 109 162 man _ 181 her vte. 2 I 5 ‘e 16 &Fdry3). 8 511, 50, 11% 591y J S Rubber 1st pf J S Smelting (b4) 9 Sia 841y Utd Strpfales1y 21 97 Univ Cyclops Stl(1) 86 Univ Leaf Tob (13). 47 39% 2 \avndlu 445 n Raa 128, Va » Wabash V.abash Waldort Walgree. Util Pw&Lt (A)(d). m Corp . Ite (b1%). . -Car Chemical ar C Va El & Pw pf (6) . 6% pf hity 290 (G == Pt (A)(d) Sys(11.20). nCo (2) 2 Walker (H) (2). Walworth Co._. b2 109! ¥ Ward Baking (A) T 2 '« Ward Baking (B) Ward Bak pf(b27). Warner Warner- Warren Bros Pict _ Quinlan(d) Fdy&P(11) Wayne Pump (2) Wesson West Pe; West Pe West Pa West Pa W'n Aut O&S (150c) nn E1 pf(6) nn El pf(7) Pwr pt (6) Pwr pf (7) o Sup 1.60 _ Western Maryland._ Western Pacific_ Western Pacific pf_. Westn U Westing! n Tel (3) _ h'se A B(1) « Westhse Elec (b2) West'se El 1st pf b2 Westvaco Chlor (1) Westvaco 5%pt 1% Wheelin Wheel S White D White R! 323 Worthin, 6815 Wrigley Wilcox Oil & Gas._ 3 8 5 3 Wilson & Co (50¢) 9 9 1w « Woolworth (2.40) J g Steel teel pf b2? ental 11.2 White Motor 3 5 k M S(1.40) 5 1 gton Pump. A Wir (13)_. ¢| Stocks started narrow, Issues Galn—General Market Down. 0 15 15 Ao Indus. Rails. Util. 8tk Net change. —5 —4 —3 Today, close 92.6 Prev. day... 93.1 Month ago. 912 - 830 673 677 673 622 5.3 65.4 128 429 433 45.0 352 495 378 435 30.2 434 557 8.7 239 169 -146.9153.9 184.3 157.7 - 516 953 61.8 61.8 416 419 42.4 48.0 54.0 409 53.7 1937 1937 1936 1936 1932 1929 1927 (Complled by the Associated Press.) BY VICTOR EUBANK, Associated Press Financial Writer, NEW YORK, June 9.—Although Wall Street's will appeared paralyzed by strike news today, traders found energy to bid up specialties and ship- building issues fractions to a point or so. Declines of fractions to around a point for the general list reflected con- tinuance of the seven-State steel strike, the power strike in the Saginaw Valley of Michigan and threats of a | strike in the silk industry, brokers | said | rose unevenly | and then paced back. Frequently dur- | ing the afternoon the stock ticker | sputtered to a complete stop. Transactions totaled about 650,000 shares. Equities buffeted with United States Steel, Republic, Yellow Truck, Wool- worth, Deere, Douglas Aircraft, West- ern Union, Consolidated Edison, Ken- | necott, International Nickel, General Electric, Du Pont, Shell Union. New | York Central, Southern Pacific, Balti- more & Ohio, Nash-Kelvinator and | Great Northern preferred. Bush term- inal debenture stock was down about 6. Stocks that found friends were | United States Rubber, Spiegel, Ameri- ran Telephone, Anaconda, Standard | Ol of New Jersey, Texas Corp., At- . | lantic Coast Line, Lone Star Cement, Celanese, Westinghouse Airbrake, | Proctor & Gamble, Champion Paper and Coca-Cola. NEW YORK COTTON Ly the Associzted Press, NEW YORK, June 9.—Cotton broks below the 12-cent level today. Generally favorable crop progress during the week as reported by the Weather Bureau brought in renewed Wall Street, commission house and foreign selling to carry prices to new low ground for the movement. All positions through January eased be- low 12 cents after encountering mo- mentary resistance at that level. October broke from 12.27 to 1195 and was within a point of the low in midafternoon, when prices were gen- erally 18 to 24 points net lower. Futures closed steads. 13 to 20 lower July | October 4 Schulte R Strs (d)_. 38 Scott Paper (b65c). 20 1'4 Seaboard Afr L (d). » Seaboard A L pf(d). 36% Seaboard Oll (1) __. 487» Yale&Towne(160c) x 20'» Yellow Tr & Coach. 113 Yell Truck pf b3y . 37% Young Spr& W (13). 752 Ygstn S&T (b75¢) . #3% =1 +|U. S. BOND HOLDINGS | mixed, New York banks huying sub- | stantial blocks, while Middle Western .| take up some of the new Federal loan, 6 1 1 8 1 I 3 1 3 81 Sears Roebuck (3) i 26 Servel Inc (11) _ 3 29 Sharon Steel (11.20) 1 94 Sharpe & Dohme __ 1 127« Shattuck F G (60c). 2 25% Shell Un Oil (albe). 19 102 Shell Un Oil pf 5% 1 124 Silver King (bic) . 2 40 Simmons Co (b30c). 3 8514 Sloss-Sheffield Stl 208 301; Smith (A O) __ 1 16'4 Socony-Vac (b25c) ; 113's 110 Solvay Am pf (5%). 115 31 Zenith R 5% Zonite P 11:00 A.M, *L00P.M. . 104% 14% 4675 31y 193 115 O T R T Dividend rates cash payments based larations 4 not including d Companies X Ex dividend. extras. + ~ Total Sales for the day, 5 Uit of trading less than 100 shares. reported adio (b1) ? 34 + 4 roducts O 5% + % | Approximate Sales of Stocks on the N. Y. Stock Exchange. 180,000 12 420.000 0 Noon. 320,000 490,000 620,000 as given in the above table are the annual | on the latest quarterly or half-yearly dec- iAnnual rate— bPaid this vear. being reorganized. a Paid last vear. in Teceivership or OF BANKS DECREASE Bs the Associated.Press. NEW YORK, June 9.—Government bond holdings of Federal Reserve member banks in leading centers de- clined further in the week ended June 2. Changes, however, were| members—notably in Chicago and | St. Louis—were heavy sellers. The sales were explained in finan- cial circles as the result of a desire on the part of these institutions to which was to be sold on a more at- tractive basis than old issues were quoted. Direct obligations of the Govern- ment owned by members in 101 cities, reported by the Reserve Board, com- pared as follows: ‘Week ended June 2.... $8,287,000,000 Previous week.___ - 8,308,000,000 | Same period last year.. 8,909,000,000 PRIVATE CONSTRUC;TION MAKES BETTER SHOWING By the Assoctated Press. NEW YORK, June 9.—Percentage of private construction business on the books of G. A. Fuller Co. is larger now than at any time in the last three years, L. R. Crandall, president, told stockholders at annual meeting. Although Government building is still the largest portion of the com- Federal Buying Continues to Aid Butter and E ‘ggs By the Associated Press. CHICAGO, June 9.—Government agents continued buying butter and | eggs for relief distribution in mnrkeu‘ at Chicago and New York today. The Federal agency bought 50 tubs | a pound at New York, 533 tubs at 3034, 600 tubs at 31, 100 tubs of 90 | score at 30, 150 tubs at 29% and 100 | tubs at 2912, a total of 1,533 tubs in | the East, Egg purchases at New York included | 2,050 cases of standards at 21!, cents a dozen, 150 cases at 21%, 150 cases at 21Y, 100 cases of firsts at 201, and 100 cases at 20, a total of 2,550 cases. In Chicago, 300 tubs of butter extras were purchased at 30 cents, along with one car of fresh graded firsts eggs at 18% cents. . REGISTRATION STATEMENTS. By the Assoclated Press. Registration statements filed today with | the Securities Commission included | Globe Steel Tube Co.. Milwaukee. 0117 OF 0o par Velke “cOMMON Siock. 16t retirement of 6 per cent first morigage sinking fund bonds of 1947, Underwriters. C. O. Kalman and the Chicago Corp. Rlenard Minime & Devclosing Go. treal, Canada, $1.250.000 of $1 par com- mon ' stock. for purchase of stock in sub- sidiaries. development and working eaoital. Underwriter. Ross Daniels. Ltd FREIGHT LOADINGS. NEW YORK, June 9 (P .—Revenue freight car Ioadings on railroads reporting DOLLAR GOES DOWN IN LONDON DEALINGS Bs the Associated Press. LONDON, June 9.—United States dollars were offered against gold pur- chases in the foreign exchange market today. The American unit closed 4.93% to the pound, a net decline of | one-half cent. The pound sterling in New York over night was $4.93 9-16. French francs were 11091 to the | yesterday. PARIS, June 9 (#).—Rentes, 3 per| cent, 60 francs; 4125 “A,” 66.05; 445 of 1937, 90.00. Exchange on London, 110.89. The | dollar was quoted 22.46'3 $1 EXTRA TO BE PAID. NEW YORK, June 9 (#).—American Shipbuilding Co. of Cleveland declared an extra dividend of $1 and another of 50 cents on the common stock. The extra is payable June 26 to stock of record June 18, and the 50-cent payment on August 2 to stock of record July 15 out of earnings of the current fiscal year. Company paid a quarterly dividend of 50 cents on May 1. 3 | of butter grading extras at 301, cents | Pound in final dealings, against 110.84 | Se Decemper January March Mav 15 Spot quiet; middling. 1 (’ouonmd 0il, Bleachable cottonseed oil closed easy, 4 to 9 lower: sales, 177 | contracts: July, 9.56; September, 8.59; October, 9.55b; December, 9.51a9.52; January, 9.53b. b—Bid. futures New Orleans Prices, NEW ORLEANS. June P .—Cotton opened steady todav at net advances of i better than due and shorts covered moderately in (he ea trading July ovened at 12.14: Octoh January, 1233 December. 1231 I2.38. and May. 17.4( After the start some additional was encountered and at first half hour acti 6 points above the CHICAGO GRAIN he Associated Press. CHICAGO June 9.— With thy United States Government June croj Teport expected tomorrow acting as a restraint, price setbacks from earliet sharp gains characterized wheat trad« | ing late today. An opposite late factor, though, was | notice taken of an unofficial trade | statement that 5,000,000 acres of wheat in Saskatchewan, Canada, « | would not average five bushels an acre yield. The tenor of various domestic weekly State crop reports today was generally favorable. At the close wheat was 35 to 1 cent above yesterday at the finish, July | 1.0935-3;, September 1.09%-1.: corn s Off to 1' up. July 1.1634-1.17, September 1.0334-1.04, and oats vary= !y decline to ', cent ade WHEAT— Qpen Low Inse July 08" 1.00%,.3, | Sep. IRt 087 100341, Dec. 1 H'. 10% L11'3-% CORN— July, new July, old Sep.' _ Dec. 1.18%2 15% 093, OATS— [ Juy 401 363, P a8 SOY BEANS— uly 148 Chicago Cash Market. Cash wheat, no sales reported; corn, | No. 2, mixed, 1.25825%; No. 1 yellow, 1.26; No. 2 yellow, 1.24a26; No 3, yel- low, 1.23; oats, No. 2 white, 48%,a1;; No 3 white, 4614a47'4; no rye; soy beans, No. 2 yellow, 1.47%a48; No. 3 yellow, 1.46'z; barley feed, 67a73 nominal; malting, 95a1.03 nomina! 'nmothy seed, 4.25a50 cwt.; clover | seed, 23.00230.00 cwt. Baltimore Quotations. BALTIMORE, June 9 (M.—Wh aied Winter. garlicky. " svot, 30. eat No, domestic. BOSTON WOOL MARKET. BOSTON. June 9 (P.—(United States Department of Agriculture.)—Only a_few scatterea sales were closed on territory wools today. Spot business was confined iargely to purohases of moderate quantities for piecing-out purposes. The bulk of current mill requirements Bas filed by deliveries of contracted wools. | E New England Fund Prospectus on Request o 2013 20% candles being called into use. Since 1331 — all the other hotels are jammed, the | ‘51s ‘oas Deore & o0 pf 110 Sk oo oy guests could not leave the Lowry,| 29 195 Delsel-Wem-G(t1)- 19% 19% — % & case of live there or on the streets.| 58% 41% Delaware & Hudson “H 4« 35 122 114 Midld Stl 1st pf(8)._ 106 99% Milw ER & I pf(§) 164 11 Minn Moline Pow.. 5% 8 MBStP&SSMpf .. %00d French _combing lenath tertitoty wool in gririnal baxs brought o 97 cents scoured basis for small quantities A few orders were reported filed in Texas d 92-03 cents_scoured basis. de- for ‘good J2-month wools. A. §. GouLpEN & Co,, INC. pany’s bookings, the increase in | :°0Y foF the week ended June 5 included: | private building during recent months Previous Year % 7. 1 a favorable sign, he said. enngy i 33 §§3 163 ’lsz erss Fads! ¢ 7 Woodward Bidg. NA. 2000