Evening Star Newspaper, June 8, 1940, Page 12

A—12 *x F1 Capital Store Sales For Week Decline Below Year Ago Four Weeks’ Volume Registers Gain of .3 of 1 Per Cent | Although department store sales\ in Washington during the last week | in May fell below sales for the comparable week last year, the four weeks ended June 1, 1940, showed a gain of 0.5 of 1 per cent as com- pared with the four weeks ended | June 3, 1939. | This was shown by the Federal Reserve Bank of Richmond in a report today which indicated a simi- lar tendency throughout the whole Fifth Federal Reserve district. For the week ended June 1, 1940, | gales here fell off by 12.7 per cent | &s compared with the week ended June 3, 1939, and there also was a decrease of 57 per cent as com- pared with the week ended May 25. 1940. For the Fifth Federal Reserve dis- trict sales in the week ended June | 1, 1940, were 9 per cent less than| the week ended June 3 last| The four weeks preceding June this vear, however, showed a gain| of 2 per cent over the su'mlar‘ period last year. Bond Interest Ordered.. | Directors of Washington Proper- | ties, Inc., at a meeting Thursday declared interest for the six months fiscal period ended April 30 at the rate of 25 per cent on the com- panyv's general mortgage income bonds. It was reported that $9.196.- 000 principal amount of income bonds were outstanding as of April | 30, $1.109.500 having been retired | through operation of the sinking | fund since the last report. Inter- | est checks will be mailed on August | 1 by the Central Hanover Bank sndi Trust Co. of New York, paying| agent, to holders of record at the| close of business July 19, 1940. \ Listed Bond Values Off Sharply in May By the Associated Press. NEW YORK. June 8.—A decline | of nearly $3,000.000.000 in the quoted value of bonds during May was re- ported by the New York Stock Ex- ! change. As of May 31. said the exchange, 1369 bond issues with a par value of $53.413.788.592 were listed. On that day their market value was $46.936.861,020, or $877.70 per $1,000 bond These figures compared with the | April 30 listing of 1.376 bond issues ! with par value of $53.645,947.072. On that date their market value was $49.611.937.544, or $924.80 per 41,000 bond. JIC. Pen'neyVVqun"le Well Above Year Ago NEW YORK., June 8—J. C. Pen- ney Co. reported May sales of $23.- 599.265. a gain of 6.1 per cent over $22.231.685 in May last year. For the first five months sales increased | to $100,565.907 from $93,418,939 for‘ the comparable 1939 period, an ad- | vance of 7.6 per cent. ! Witwatersrand University, South Africa, is adding an engineering | building. | 9.0029.50; Money for Construction Loans and Loans on Completed Properties || (Owner occupied or rental) Favorable Rate FIRS1 OLED OF IRUSI ONMLY GEORGE 1. BORGER 8431 (ndiana Ave N W at”l 0350 Town & Country Motors, Inc. Wants Several New-Car SALESMEN We are the sole distributors in Wash- ington and vicinity for Mercury and Lincoln-Zephyr. Our proposition s very liberal and pays you a salary while learning the business. We prefer men who have had selling experience. For an Appointment Phone MIchigan 3524 First Mortgage rour and One-Quarter Per ot Bonds NOTICE 15 N Ry, GIVEN) that ur- he’ provisions ‘of an_Indenture 1 1937, between Chevy and National Savings and Company, Trusiee, and American Becurity and Trust Company. Registrar. under which the above bonds were issied ¢hevy Chase Club has elected to exercise {1 ‘option to and will pay and redeem all of s owistanding First Mortzage Pour and Oneausrier Per Cent Bonds ‘due January 1957, issued under said Indenture, viz: in the aggregate principal amount of 26.000.00. on Julv 1. 1940 at the Tedemption price of 1047 of the principal thereof. {okethcr With the accrued interest thereon to said redemption date. Accordingly upon surrender to the said Rezistrar American Security and Trust Company af It principal officr. 15th Street and Pennsylvania Avenue N.W.. Washing- Ton 01 the aforesaid bonds called 10r redemption as aforesaid. together with all unmatured coupons appertaining thereto. the principal amount of said nds. with the premium of 47, provided in said In- denture will be paid on July 1. 1940. and the interest pavable on July 1. 1940,"on £2ia ‘honds wil be baid {0 ihe holders ‘of the coupons become Aue and payable on July 1. 8t the place and at the redemption price ahove provided and from and after July 177040 ‘will cease to draw interest. and the coupons maturing subsequently to said date will be void Registered bonds must be accompanied by culy executed instruments of assign- | ment and transfer | Dated May 31. 1940 | CHEVY CHASE CLUB. | B¥ G. Thomas Dunlop, President. | premium over this price. Cob corn, | ported, 3.30a3.50. | mestic, 53a58; Pacific Coast, No. 1, | last week, steer market mostly barely | inew orders pushed ahead of ship- NANCIAL. Baltimore Markets BALTIMORE, June 8.—Potatoes, old, 100-pound sacks, 1.65a2.60; new, 100-pound sacks, 1.50-2.00; sweet po- tatoes, bushel, 75a1.60; yams, bushel, 50a1.00; asparagus, dozen bunches, 75a2.50; beans, bushel, 75a2.00; beets, Southern, crate, 1.00a1.25; cabbage, 11;-bushel hampers, 30a1.00; carrots, Western, crate, 4.25a4.50; caulifiower, Western, crate, 2.00a225; celery, crate, 1.00a5.00; corn, Texas, 5-dozen sacks, 1.50a1.75; cucumbers, bushel, Southern, 1.50a3.00; eggplant, 11;- bushel crates, 1.75a3.50; lettuce, Ice- berg, crate, 1.25a7.00; Big Boston, crate, 60a85; nearby, Big Boston, bushel, 50a75; Iceberg, 60al.15; lima beans, bushel, 2.25a2.50; mushrooms, 4-quart baskets, 30a50; onions, 50- pound sacks, 2.50a2.75; peas, South- ern, bushel, 50a1.25; peppers, bushel, 1.50a2.50; radishes, red tips, nearby, bunch, 1al';; spinach, bushel, near- by, 10a40; squash, bushel, Southern, 7521.00; tomatoes, lug, 50a1.75; apples, box, 1.50a2.25; bushel, 1.00a 2.00; blackberries, crate, 2.75a3.25; cantaloupes, crate, Western, 3.75a 5.50; dewberries, crate, 2.75a3.2! grapefruit, box, Southern, 1.50a2.75; honeyballs‘ crate, 3.00a4.50; honey- | dews, crate, 2.00a3.00; huckleberries, quart, 10al13; lemons, box, 4.00a5.5 oranges, box, Florida, 2.00a4.00; California, 3.50a4.75; peaches, half bushel, 1.25a1.75: rhubarb, nearby, bunch la2; strawberries, 24-quart rate, 75al.75; nearby, 1.00a3.00; | watermelons, each, 40a50. Poultry and Eggs. Live poultry—Chickens, Rocks, pound, 22a26; crosses, 21a24; mixed colors, 21a24; Leghorns, 17a19. Fowl, | Rocks, 17a19; mixed colors, 15a18; Leghorns, 13al5. Roosters, mixed colors, 10a12; Leghorns, 7a10. Ducks, Pekins, 15a16. Stocks Stock and Adams Exp .15e _ Air Reduction 1a_. Allen Indust .2 Allied Chem ( Allied Mills (. he) Allied Stores Allis-Chalmb .50e Am Afrlines Am Bosch Am Brake Sh .3 AmCan (4) _ Am Can pt (7) Am Car & Foundry Am Chain & C .80e Am Com’l Alcohol Am Crystal § .25e_ Am Europcan Sec Am & Foreign Pwr Am&FP 6% I.60k Am Hide&Leather Am Locomotive _ Am Loco pf (1K)_. Am Pwr & Light _ AL&P$5pf 2.8125k Am Radiator Am Rolling Mills_ tAm Ship Bldg Am Sm&Ref 1.50e Am Steel Fy 50e_ Am Stores (.25e) . Am Tel & Tel (9) Am Tob'co (B)(5) Am Type Found _ Am Water Works. Am Woolen Am Woolen pf(;k) Am Zine Anaconda .75e Anaconda W & C Anchor-H G .15e _ tAnchor HG pf(5) Armour (11) __ Atch T&Santa Fe_ Atl Coast Line ___ Atl Refining (1)__ Atlas Corp (.25e) Aviation Corp . | Baldwin Loco ctts | Balto & Ohio Eggs—Nearby, ungraded, current | Barber Asph .30e receipts, dozen, white. 16a19; mixed | Barnsdall Oil 30s colors, 15';a16';. Receipts, 1,284 | Bavuk Cigar .aie G | Belding-Hem .40e ‘ | Bendix Aviat (1e) Butter—Prints, Beneficial L'n .90e i 90 score, 29; country rolls, 18; | Beth Steel (2.23e) | packing stock, 16. Receipts, 856 tubs. Blaw Knox Bliss & Laug .25e Grain Market. | Boeing A,,.plfane Opening prices were: Wheat, No. | Bohn Alum'n .. 2, red, winter, garlicky, spot, dome: Borden Co (.60e) tic, bushel, 95. Settling prices were: | Bors-Warner .50e. Wheat, No. 2, red, winter, garlicky, g:}ggi"“;‘;‘g%’:‘;‘:; spot, domestic, bushel, 95. ' Corn, 4 No. 2, yellow, domestic, bushel, 76a78. Western billing at a 92 score, pound, Bklyn-Man Trans Bklyn-M T pf ctfs Bklyn Un Gas . Bucyrus-Erie .25e Budd Mfg % 1Budd Mfg pf Bullard Co.75e __ Burr's Add M 20e Bush Terminal tByrs AM pf 4.33k Calif Packing Callahan Zinc Calumet&Hec Campbell Wy Canada Dry Canadian Pacific _ “annon Mills ‘arpenter St 1.75e Carriers & G .05e | Caterpillar Trac 2 Celanesa (1a) Central Foundry TCent 111 L pf 4.50 Century Rib Mills Cerro De Pas (2e) tCertain-teed pf __ Ches & Ohio 2,50 _ Chi Pneu Tool Chrysler (2.50e) Clark Equip 1.25 Climax Molyb Cluett Peab (1e) Colum BC(A).90e | Columb G & E 20e steady to shade lower: few extremes | Comcl Credit (3) as much as 25 cents off. week’s top. | CDmc: Lfl‘{ffr '(4)— 1060, for 988-pound yearlings; bulk | Comcl Solvents sales, medium and good, 900 to 1340 | o1 <1ih & Sou'n pounds, 850a10.15; small lot, 860- | congoleum (1) pound heifers, 9.50; beef cows, mostly | congress Cigar.__ 6.00a7.50; canners and cutters,| Consol Aircraft _ largely 4.00a5.25; top sausage bulls, 17.25. barrel, 3.50a3.70; country prices re- Oats, bushel, No. 2, white, do- white, 72a74. On all sales of oats to the local trade. excepting those on track, there is an additional charge of 13, cents per bushel for storage and elevation. which is paid by the buyer. Rve, No. 2, bushel, 70a75. Barley, No. 2, bushel, 55a60. Hay, ton. 14.00a 17.00 Wheat straw. ton. 9.50a10.00. Flour, barrel, winter, patent, 5.55 a585: winter, straight, 4.35a4.60; spring, patent, 5.20a5.45; spring, straight, 4.85a5.05; hard. winter, straight, 4.65a4.90; rve flour, dark to white, 3.45a4.25. Millfeed, ton, spring bran, 29.50a 30.50: standard middlings, 30.00a 31.00. .25e 50e 65e Live Stock Market. Cattle. 50. Compared with Friday Consol Cop M .15 Consol Edison (2) Consol Oil (.80) _. Container (.50e) _ Contl Baking (B)_ Contl Can (1le) . Contl Diam'd .25e Contl Insur 1.60a Contl Motor Contl Oil (.50e) _ Contl Steel (.50e) Copperweld (.40e) Copperweld pf 2.50 tCorn Exch (3) Corn Products(3) Coty Inc (.25e) Coty International Crane Co Crown Cork&seal Crown Zeller (1e) Calves, 40. Compared with Friday last week, this week’s sales mostly 0 cents lower, outlet 50 cents-1.00 off, good and choice Friday mostly few handpicked, 10.00; bulk, common and medium for week, 6.5029.00. Hogs, 775. Steady with Friday, | practical top, 5.75; good and choice, 170 to 210 pounds, 5.50a5.75; 220 to 240 pounds, 5.25a5.50: 250 to 300 pounds. 4.75a5.30; 150 to 160 pounds. 5.10a5.35: 140 to 150 pounds, 4.75a 5.00: 130 to 140 pounds. 4.50a4.75: 120 to 130 pounds, 4.3524.60; packing sows. 3.65a4.15. Compared week ago, | mostly 25 cents lower. Above Prices | o, 1icc Publish'g based on grain fed hogs. | Curtis Pub pf(2k) Sheep, 10. Compared with Friday | Curtiss-Wright last week, spring lambs. mostly | steady, but closing undertone weak | to lower; good and choice grades, natives mostly, 11.50a12.00: few closely sorted, 1225; week's top,! 1250, paid Monday for railroad | deck on shipping account: most throwouts, 9.00a10.50; common, light kinds down to 8.00; slaughter ewes, scarce; few head shorn, 3.00a3.50. New Faclory Orders Top Shipments in April By the Associated Press. ¢ Auto-L 1. \f' Edward J. Noble, Commerce Un- | brectric Boat 40e dersecretary, said yesterday that in | glec Pwr & Light_ April. for the first time in six | ElPaso Nat G (2)_ months, new orders received by | Erie RR 1st pf(r). manufacturers exceeded shipments, | Evans Products._. After last fall's sharp rise in fac- | Ex-Cell-O (1e). tory production orders lagged far Fairb’ks Morse 1a behind shipments, causing a large | Ferro Enamel lsfl. accumulation of unsold goods. | ;:‘::’l‘:fl‘;s’,}" ;Oe“‘ In March the two factors near]v‘ ' balanced and in April, Noble said, | | Cutler-Ham'r .50e Davega S pf 1.25 Deere & Co Deisel-W-G-.375e_ Del & Hudson Del Lack & Wn Detroit Edis (3e)_ Dia'd Match 1.50__ Dome Mines (2) _ Douglas Air (3g)- Dunhill Internatl_ Du Pont (3.50e) _ East'n Afr Lines _ st'n Roll Mills Fastm Kodak (6) Eaton Mfg (1.50e) Eitington Schild Flintkote (1g) . Food Mach (.25e) Freeport Sulph (1) GaylordCont .20e Gen Bak pf (8) Gen Cable = Gen Cable (A) = | 1Gen Cigar pf (7) Gen Elec (.70e) _ Gen Foods (2) Gen Mills (4a) Gen Motors 1.75e Gen Motors pf (3) Gen Outdoor Adv Gen Print Ink .10e Gen Refractor.56e 1Gen Stl Cast pf Gen Tire & R 50 Gillette Saf R 60 Glidden Co (.30e) _ Gobel (Adolf) Goebel Brew (.20) Goodrich (BF) ments on old orders. New orders increased about 7 per cent over | March, while shipments remained | practically unchanged. However, during April some ship- ments were made out of accumu- lated inventories instead of out of | current production, and inventories | of manufacturers declined about $100,000,000. Seasonal declines in production of some industries was blamed for part of this filling of orders out of inventories. 2 38 7 ak fi 140% 140 P CYU TSI PRSP Y 2 S PISPQErSY < Aanm o 10% 25% 137 11 191y 274 L 1241 455 13% 106 3014 g 81 403, 121 ';\ 4\. 10% Hla 24 52 1501 74 31k 6%y T .'m 20‘»; 2214 311% 103 301 131 11 19t 273 124 475 132, 106 29% 393 81 40 121 3 (By Private Wire Direct to The Star.) Sales— Dividend Rate. Add 00. High. lfi' 5 Close. 5 38 7 140 10% | Parke Davis . | Pitts Screw (.15¢) SBtock and Dividend Ra Intl Mercantile M _ Int] Nickel Can 2_. Intl Paper & Pwr_ Int Paper pf 1.25: Intl Shoe (1.60) _ Intl Tel & Teleg . Intl T&T F'r'n ofs. Island Cr Coal (2) Johns-Manv .75e__ Johns-M pt (7)__ Kelsey-Hayes A__ Kelsey-Hayes B_ Kennecott (1e) __ Keystone Stl .50e Kresge 8 §(1.20a). Kroger Groc (2) Leh Valley Coa Leh Val Coal pf___ Lehman Corp .60e Lehn & Fink .50e . Libbel-Ow-F (le). Libby McN & Lib_ Life Savers(1.60)_ Lion Oil Ref (1) _ Liquid Carbon(1) Lockheed Airc_ Loft Inc _ Lone Star Cmt 3 - Louis&Nash 1.25e. Mack Trucks . __ Macy (RH) (1e)__ Magma Cop (1e) . Marine Midl'd .30e Martin (Glen) - Martin-Parry .__ Masonite Corp 1a_ McGraw Elec (1)~ MeclIntyre Pore 2a_ McKeesport Tin__ McKesson & Rob_ Mengel Co TMengel Co 5% pf_ {Mer & Min Trans Mesta Mach 1.50e_ Miami Cop .20e __ Mid Cont Pet .40e_ Mo-Kans-Tex pf__ Mo Pacific pf (r) - Mohawk Carp .50e Monsanto Ch (2) . TMonsan pf B 4.50 Montg Ward 2 TMorris & Es 3 Motor Prod .50e Motor Wheel 1.60_ Mullins Mfg pt Munsingwear .25 Murray Corp - Nash-Kelvinator_. Natl Acme (.508) Natl Biscuit (.80e) Natl Cash Reg (1) Natl Cyl Gas .40e_ Natl Dairy (.80)__ tNatl Dairy pf A 7 tNatl Dairy pf B7 Natl Distillers (2) Natl Gypsum __ Natl Lead (.50) Nat Malleable .5 Natl Steel (.50e) Natl Supply . atl TeaCo . Newmont Min(1le) Newport Indus __ NY Air Brake le__ NY Central . .. YChi&StLpt NY Shipbuilding . Nor Am Av boe _ No Am Co (1.20) No A 5%% pf 2.875 | Northern Pacific _ Omnibus C1.20 Otis Elevator . 70tis Elev pf (6) Otis Steel = Otis Steel 1st pf _ Owens-111 Gl (le) iPacific Loast e | Pac Gas & El (2) Pac Mills _ Pac Westn O .40g Packard Motor Pan-Am Airways. Pan-Am Petrolm | Paraffine Inc 1.25e Param’t Pic .15e _ Park Utah M .10e 20e Pathe Film | Patino Mines ___ Penney(JC) 1.50e. Penn Coal & Coke Penn R R (.30e) . TPere Marquet pf_ | ¥Pere Marq pr pt { Petrolm Corp Phelph Dodge.50e Phila & R C&I (r) Philip Morris (3a) Phillips Petr (2)__ tPirelli (4.675¢) Pitts Coal SEE Plymouth Oil 1.40. Poor & Co (B) .. _ Port R Am T A(r) Pressed Steel Car Pressed S C 1st pf Proctor & Gam 2a. Pub Sve NJ 1.20e Pullman (.50e) Pure Oil Purity Bak (.50e) Radio Corp (.20e) Radio-Keith-O(r) Rayonier Ine Reading 1st pf (2) Real Silk Hose Reming Rand .60e Rem R pf ww 4.50 4| Reo Mot vtc ctfs Republic Steel Reynolds Metals Reyn Tob(B) (le) | Richfield Oil .50g Ruberoid (.30e) tSafeway S pf (5) | St Joseph Ld (1a). Schenley Distill __. Scott Paper 1.60 Seaboard Oil (1) Sears Roebuck 3 Servel Inc (1) _ Sharp & Dohme Shell Un Oil .50g | Simmons Co = Simms Petroleum_ Skelly Oil (.25e) tSloss-Shef pf (6) % | Smith & Coro .50 Socony-Vac .25e So Am Gold (.10e) So Cal Ed 1.50a Southern Railway Southern Rwy pf_ Sperry Corp (28) - Spicer Mfg (le) .. | Spiegel. Inc 30e tSpiegel In pf 4.50 Square D Co .80 _ Stand Brands .40 Stand Gas & Elec_. Stand G&E $4 pf__ Stand Ol Cal (1) Stand Oil Ind (1) 4% | Stand Oil N J(1a). 106 298¢ Stone & Webster Studebaker Sun Oil (1a) Sunshine M 1.60 _ Superior Steel . Swift Intl (2) Syming-Gould ww Syming-Gould xw. Tennessee Corp.__. Texas Corp (2) Tex Gulf P (.10e) _ ‘Tex Gulf Sul (2a). Tex Pac C&O .40__ Tex Pac LT .10g .. 1The Fair pf % Thompson (J R) . TimkDet Ax 1.25e Sales— . Add 00. 3 17 THE EVENING STAR, WASHINGTON, NEW YORK STOCK, Hizgh. Low. Olose. 6% 6 6 228% 113 44% 28% 2% 2% 2’! Ya 45 12412 124% 1 () 20 108 40108 107% 18 % 4 57 151 163, 6 10% 515 268 11% 21 26% 23-, 10 124 22 a1y 41, 4 17% 17% 10 Rig 125 108 17% 57 15 Btock and Bales— Dividend Rate. Add 00. High. Low. Close. Waldorf Syst.60__ 1 6% 6% Ward Baking (B)_. 1 Warner Bros Pict. 5 Warren Bros (r)__ 5 ‘Wesson O&S pf (4) tWest Pen E pf 6. West'n Auto S (2) West'n Maryland Westh'se A B .50e 19% 19% Westhse E11.75e . 4 85% 84 84 fWesths E pf 3.50. 60 120 120 120 ‘Wheeling Steel 20 20 White Motor ____ 1 854 Wilcox Oil&G .10s. 2 24 Willys-Overland _. 102 2% Willys-Overl'd pf_ 17 4% Wilson & Co __ 4 4 Woodward Iron 21% Woolworth (2.40)_ EL Worthingt'n Pump 16 Wrigley (3a) 78 1% Yellow Truck Ygstwn S&T .50e. 22% 11% A 24 ™ 611% 92 23% T 3% 61% 1 92 23% 2% 28‘« 2% 1 0 4 1 6 2% 25 4% 4 22% 30% 16 8 11% 30% are annual disbursements based on th quarter or semi-annual declaration. Unl otherwise noted. special or extra dividends are not included. x Ex dividend xr Ex rights. a Also extra d Accumulated dividends paid or stock. Accumulated dividends paid or declared this vear. Stock Leaders Take Irregular Course; Changes Small Volume Drops to Only 199,250 as Traders Watch War News By VICTOR EUBANK. Associated Press Financial Writer. NEW YORK, June 8 —War news provided scant bullish stimulation for the stock market today and lendmg issues shifted over a nar- rowly irregular trail. It was the slowest session since last July 18, transfers for the two hours approximating 199,250 shares. Final price changes mostly were in minor fractions either way. Reports from Paris that the Nazis were making progress with their drive in Northern France offset to some degree further indications the French were putting up a stiff re- sistance. Bulletins placing the Ger- mans within 50 miles or so of Paris were a bit disappointing to specu- lative forces which had been count- | ing on the Allies holding on the | Somme-Aisne front. Domestic business developments were still the main sustaining mar- ket influence, brokers said, notwith- | | standing a little more pessimism regarding proposed imposition of heavy defense taxes on both individ- uals and corporations. Free” sterling backed away, along | with the French franc, following the ruling of the British that the offi- cial and higher rate for this cur- | rency would henceforth be used for all foreign commerce. Bonds were | steady and commodities mixed Motors managed to tack on modest | plus signs now and then as talk | was heard of a few of these com- | panies going into armaments lines in a big way. Willys-Overland common and pre- | ferred were up most of the day | following announcement this con- cern, with a subsidiary, would enter the munitions field. General Motors and Chrysler were | resistant. The former was under- stood to be in a position to take care of expected Army orders without any large increase in pay rolls. 16| Ahead at one time or another 6% | were Douglas Aircraft, Sperry, Gen- '; | eral Electric, Du Pont, Anaconda, 8% | International Nickel, Eastman Kodak 812 and Consolidated Edison. Inclined to lag were U. S. Steel, Bethlehem, Youngstown Sheet, New | York Central, Pennsylvania, Mont- gomery Ward, Goodyear, Allied Chemical. Westinghouse, Owens- Illinois. Texas Corp., Boeing and| U. S. Rubber preferred. New York Cofton By the Associated Press. NEW YORK, June 8.—Cotton fu- tures rallied in late trading toda_v‘ when persistent trade and spot| | house buying encountered reduced | 9815 | volume of offerings. Final prices 271, | were up 5 to 8 points. &% | Commission house and Southern | 35% | liquidation in early dealings was| 6‘: | supplemented by some Bombay sell- | 81y \lng but pressure diminished at the| 31 | close. 8 ‘ The range ‘follows: 1 Old contract: Op 13 July 634 2612 » 1 713 30 40 1214 by 33 1,1‘2' ale" contract: 7 613 oe lober " 77 | December 15, | January Mar 241 | May 8| Middling. 15% | n Nominal. 29 | Pt Le2D DR D230 *T e znpees Suazan RIR ot (Ta-inch), iai ES 10.43n. Cottonseed Oil. Bleachable cottonseed ofl futures closed | unchanged to 2 lower. Sales = | July. 6.08b; September. 6.14. Sctober, 8.16: December. 6.18b; January, 6.20b. b Bid |Washington Produce BUTTER—93 score. tubs. 283;: orints, 20%4:_ 1a-oound brints. score, Ya-pound orints, score. tubs. 261 Ye-pound prints. 37Va: score., 1-pound orints. 28%: Ys-pound prints. 2 LIVESTOCK-—Calves. 9: spring lamb: 10%. Other livestock prices unavailable! From Asricultural Marketing = Service. aid net f.0.b. Washington: Market steady. ~Prices paid for Federal-State graded eggs received from grading stations (June 8): Whites. U. 8. extras, large, U. 8. ms, 17-19; U. 8. standards. mediums, 8. 1 Browne. D8, extras. llr(e 20- U. 8. extras, mediums. 17- S, stand- Rids. Tarae. 1Res0L D, & standwras. medi- ums. trades. 14-17 prices EGG! | B& O 95 C stamped __ | B& 096 F stamped . | Comw Ed 335 68 D. C, SATURDAY, JUNE 8, 1940. BOND AND CURB MARKETS Bonds By private wire llrm to The Star, Approximate Tu-umflu Today. Domestic Bond: 1,200,000 70,000 40,000 TREASURY. High. Low. Close. 281947 __ 103. 103. 103. 2181951-53____ 101.16 101.16 101.16 2% 81945-47 rg.. 106.24 106.24 106.24 2% s 1956-59 103.28 103.28 103.28 2% 51960-65 103.20 103.20 103.20 27%ms1955-60... 105.1 105.1 105.1 38 1946-48 108.8 108.8 108.8 31,8 1943-45. 107.16 107.16 107.16 3% 8 1944-46 108.1 108.1 108.1 FEDERAL FARM MORTGAGE. 3%s1944-64___ 105.22 105.22 105.22 HOME OWNERS’ LOAN. 2%81942-44____ 103.1 103.1 103.1 381944-52 - 105.10 105.10 105.10 NEW YORK CITY BONDS 381980 B w.1. 893 89% 89% 351980 I w.i. 89% 89% 89y FOREIGN IONDS Antioquia 745 B ___ Antioquia 3d 7s 57 Argentine 45 72 Feb_. Argentine 435 43 Argentine 4%s 71 Australia 4% 56 Australia 58 55 Belgium 6565 _ Belgium 6%;s 49 Belgium 75 55 Z Brazil 615 1926-57. Brazil 6%s 1927-57 Buenos Aires 43%s 17_ Buenos Aires 438 75_ Canada 235 44_ Canada 35 67_ Canada 3s 68 Canada 33 s 61_ Canada 4560 ___ Chile 6561 Jan assd . Chile 65 61 Feb assd . Copenhagen 4145 53 Copenhagen 5s Cordoba Prov 7s 42_- Denmark 415 6; Denmark 535 5. Denmark 65 42 French Gov 7s 49 Ger Govt 5145 6! Italy 7s 51 1tal Crd P W 7s 47 B_ Ital P U Crd 7s 52 Japan 615 65 Japan 615 54_ Milan 6%s52_ New So Wales 55 57 Oriental Dev 65 53_. Panama 51;s 53 Poland 4% 68 asd_ Rio de Jan 6%s 53 Rio de Jan 8s 46 Rio Gr do Sul 7s 66 Sao Paulo St 6s 68 _. Sao Paulo St 7s 40._ Sao Paulo St 85 50 Taiwan Elec 5s 71_ | Tokyo El Lt 6s 53 Uru 33 -4-4%4sadj 79 Uruguay 4% s-412s8 78 | Uruguay 6s 64 Yokohama 6s 61 DOMESTIC IONDS Abitibi P&P 5553 Alleg Corp 58 44_ Alleg Corp 5s 49 __ Allied Stores 4358 51 Allis-Chalmers 45 52 AmIGCh5lss49. AmT&T3%s 61 AmT& T 31,566 .. 1054 AmT&T5:543 _ 106h Arm'r(Del) 1st 4s55. 96z A T&S Fe gen 45 95__ 1031 AT&SFe4lss48 _ 1007 Atl Coast L 1st 4s52. 66 B&O1st4s4s _ 581x B&Ocv6isstd . __ 95 B&O 95 A stamped__ 21 243 2015 298 107 102 10615 B & 0 2000 D stpd B&OPLE&W Vadss1st B&OS W 50s std Bell Tel of Pa 5s 48 B Bell Tel (Pa) 55 60 C. Beth Steel 31,5 59___ Beth Steel 312552 - Boston & Me 4% 61_ Bost&Me 4%s 61 std_ Bos & Me 55 55 = Boston & Me 55 55 st- Boston & Me 55 67 st Bklyn Ed cn 33s 66 BKlyn Man 415 66 ct Bk QC&S 1st 5s 41 ct_ Bk QC&S cn 58 41 ct__ BKIyn Un Gas 5s 45 _ Buff G E 414s 81 Buff Roch & P 57 std_ Canadian NR 4%;s 51 Can NR 4557 Can NR 6s 69 July_ Can NR 5s 69 Oct__ Can Nor 6155 46 _ Can Pac db 4s perp__ Caro C1 & Oh 6s 52 _ Celotex 4155 47 w Cent NY Pwr 3%s 62 Cent Pac 1st rf 45 49 Cent Pacific 5s 60 Cert'd deb 5155 48 Cham P&F 43 = 38-50 Ches= & O 3138 flE HE Chi & Alton (R CB&Qrfg s .lA Chi&ETl6s51 ___ Chi Grt West 4559 __ | Chi Mil & St P 5s CM&StP adj 55 2000 Chi Un Sta 3% 563 Chi& W Ind 4,s 62__ CCC&StL rf 415s 77__ Clev Un Term 5s 73__ ColoF & Ir 5s 70 _ Colo & So 413580 _ Col G & E 5552 Mly | Col G & E 5s 61 Colum RP&L 4= 65 Comw Ed 314 58 Cons Ed N Y 3%s 46 Consol Uil 3135 51 Consum Pwr 3145 65 Consum Pwr 3145 70 Crucible Steel 4135 48 Del & Hud ref 4s 43 _ Den & RGW rf 5578 Det Edison 45 65 Duquesne Lt 315 65_ Elec Auto Lt 4s52___ Eriecv 4853 A_ Eriecv 4853 B._ Erie 18t 45 96 Fed Lt & Tr 68 42 Gen Am Inv 5552 _ Gen St Cast 535 49__ Goodrich 43856 ___ Grt Nor Ry 45 46 G _ Grt N Ry 1st 43 s 61_ Grt Nor Ry 61852 Har Riv&P4s54_ __ Hudson Coal 55 62 A_ Hud & Man fnc 58 57_. Hud & Man ref 55 67_ T1l Cent ref 4s 55_____ 111 Cent 43,566 _ ___ ICC&ST NO 4%5 63 __ ICC&StL NO 5863 A _ Ind & Louisv 45 56_ Int RT 1strf s 66 __ IntRT 1strf 5566 ct Int Paper 1st 5347___ FINANCIAL Lo- Close. 40 45’1) 45% 43% 43% b1% 51% 114 114 1215 12% 13% 13% 3 3 : 9% 915 10‘% 1057 1057 4515 45%; 45% 49% ‘8'1 49 106% 106% 106% 103% 103% 10314 107% 107% 107% 107 1071 107% 109% NYCentl%lZOHA. N Y Centrf 5s 2013 _ N Y Chi&StL 4%s 78_ NYC&StL5%sT4A. NYEdisref3%s66_. NYGEH&P 4s49__. Norf Southn 5s 61 North Am 4s 59 Norn Pac 58 2047 D. Nor’n Pac 6s 2047 __ _ Northn Sta Pw 314 67 Ohio Edison 3% s 72_ Okla GEE 3% 8 66___ PacGas & E13%x 66 PacG&Es3n61 " Penn Gl & Sd 4%s 60. Penn P&L 3148 69___. 1 Penn RR 3%s 52 Penn RR deb 4148 70. Penn RR gen bs 68 Pere Marquette 4s 56 Pere Marq 6s 56 Phila Co 55 67 __ Phila Elec 3%s 67_ Phillips Petrol 3s 48._. PCC&StL 4%877____ PCC&StL6sT5B ___ Pitt&W Va 4138 60 C_. Port Gen El 4145 60 PortoR A T 6s 42 st__ Postal Tel & C 5853 __ Press Stee] Car 5s 51 Pub Sve N 111 33;s 68 Rem R'd 4,856 ww._ Republic Stl 4,8 61_. Republic St1 53,5 54__ Richfield Oil 4s 52 ___ Rio Gr W 1st 4539___ Rio Gr col 4549 A. RIA&I4):834 St L Pub Sve 55 59_ StLSF5s50Bct_ Seabd A L con 65 45 Shell Un Oil 2168 54 Skelly O113s 50 _ Socony Vac 3s 64 So Bell T&T 31,5 62 8o Colo Pwr 65 47 A__ So Natl G 4158 51_ So Pac col 45 49 So Pac ref 4s 55 So Pac 4145 68 So Pac 4%s 69 SoPac4l,s 81 _ So Pac Oreg 414877 So Ry 45 56 _ So Ry gen 65 56 Stand OIINJ 3s61__. Ter RR As StL 45 53_ ‘Tex Corp 3s 59 _ ‘Texas Corp 3%s51__. Tex & Pac5s77TB __ Tex&Pac 1st 55 2000 hird Ave 48 60___ _ Third Ave adj 5s 60 _ Tide Wat Oil 3158 52. Un Pacific 1st 4s 47 Utd Cgr W Strs 55 52 United Drug 5s 53 Utah L&T bs 44 __ Utah Pwr & L 5s 44 VaEl&PY3%s63B Va Ry 1st 3% 66_ Wabash 5s 76 B Warner Bros 6s 48 _ Warren Bros 6s 41 __ West Penn P 3155 66._ West Sh 1st 4s 2361 West Md 1st 45 52 West Union 41,5 50 | West Union 55 51._ West Union 55 60 _ _ Wis Cent 1st gn 4s 49 WisEl Pw31:s68___ Wis Pub Sve 4861 __ Youngst'n S&T 45 48 Youngst'n S&T 45 61_ 74 107% 90 93 i 104% 104 20 515 103% '« 1031 | Store Sales Sag 119 Per Cent From ' Last Year v the Ascociated Press. The Federal Reserve Board esti- store sales decreased 9 per cent in « | the last week of May, compared | ‘-,with the corresponding week last year. Sales in the week ended May 25 were unchanged from a year ago, ; | sales for the four weeks ended June 1 were 1 per cent over last year. By Federal Reserve districts, com- parisons of sales in the one week ended June 1 with a year ago fol- low: Decreases—Boston, New York, 16; Philadelphia, 14; Cleveland, 3; Richmond, 9; Atlanta, 2; Chicago, 11; Francisco, 4. Increases—Kansas City, 2; Dal- | las, 3 No figure was given for the Minne- apolis district. | Virginia Employment |Gains During May By the Associated Press. | RICHMOND, Va., June 8.—The | State Industrial Commission yes- terday estimated, on the basis of | occupational accidents as an index of employment, that total hours of work in Virginia industry during May was 96 per cent more than in April. ‘The May figure was 1 per cent less than for May, 1939, though 12 per cent more than for May, 1938. During May, 15 fatal and 6,750 non-fatal accidents were reported to the commission, which approved agreements and issued awards for payment of compensation in 821 cases. ‘ 2,950 Tons of Lead Sold NEW YORK, June 8 (#).—St. Joseph Lead Co. reported 875 tons of Southeast Missouri pig lead sold East St. Louis, 1.950 tons at $5.05, New York, and 125 tons at the New York average. Baltimore Stocks Srectal Dispatch to The Star. BALTIMORE, June 8.— Sales ~STOCKS. finu-lto Trans ptd 1.5 Pow com 70‘. |lu Fidelity & Dep it 102 elity & Deposit 102 0 New Amster Cas BONDS. $1,000 Bal Tra deb 45 A 30% 30% 3 2,500 Balt Trans 54 B 80 50 90 s Chicago Livestock CHICAGO. June 8 (P (U. 8. Dept. Agr.) —Salable hogs. 300: total, ‘8800, sapply too small to establish mnk:t all prices 17 per cent; | St. Louls, 2; San| pJ0Sht (5.25¢) | Pepperell (3e) vesterday at $4.85 per 100 pounds, | | Curb By wrivate wire Stock and direet to The Star. Sales— Dividend Rate. Add 00. Aero Sup B.20g .. Ala Power pf (6) Alum Ltd (3e) Am Cynam B .60_ Am Export .50e __ Am Gas & El 1.60 Am Republics_ Am Seal-Kap .12¢ Am Superpower 1st pf (6) Ark Nat Gas(A). Ass50 G & Elec(r) Ass0 G&E (A)(r) Atl Coast Fish _ Atlas Plyw .62, Avery pf xw 1.50 Aviation & Trans Baldwin Lo wa: Basic Dol (.25e Bath Iron (.25e)_ Beech Atrcraft _. Bellanca Afrcraft Bell Afreraft Bell Tel Can (8 Berk & Gay war_. Breeze Corp .60g.. Brewster Aero__. Brown Co pf (r). Brown Rubber. B N&EP pf 1.60._. Bunker Hill .500_ Caro P&L pf (7)_ Celan pto pf (7a) Cent NY Pwpt 6. Cent States Elec.. Chi Flex S (5a)_. Cities Sve pf (B). Conn Tel & Elec_ Cons Steel Corp._. Cosden Petrolm. Creole Petr .60a_. Dayton R(A)(2). Decca Rec .60 Dennis'n pr pf 3 Distilled Liquors Duke Power 1.50e Eastn G&F 6 of E G&F prpf 2.25k Eastn Stspf A _ Elec Bond & Sh _ Emp G&F 6% vt Equity cv pt (3). Fairchild Avia__. Fairchild E& A _ Falstaft Brew .60 Fedders Mfg .15¢ Fla P&L pf 3.94k Ford Ltd (.16g) .. Fruehauf T .60e_ Gen Pub Sve pt_ Glen Alden 1250 Gorham Inc pf__ Grt Nor Pap (1e) | Gulf Oil of Pa(1) Harv'd Brew .05e Hecla Min .20e__. Horn & Hard (2) Humble Oil .75e_. Imp Oil Ltd .50a_ InsCoN Am 2a Int Hydro El pf__ Int Indust (.10g) Int Pa&Pwr war_ Int Petrolm 1.50 Int Petm reg 1.50 Interst H Eq .60 Iron Fire vtc 1.20 JacobsCo_______ Jer CP&L pf (6) - Jer CP&L pf (7). Jones & Lau Stl_ Lake Sh M (le) . Lakey Fdry & M_ Lane-Wells (1a)_ Long sland Ltg. Long Isl Lt pf B La Land&Ex .20e Mead John (3a) Merr-Ch & Spf A Mich Bumber._ Molybdenum Monarch M 1.50e. Mount City C____ Nat Fuel Gas (1) | Nat Oil Prod .50e mated yesterday that department Nat Un Radio (n) New Idea (.60)__ N J Zine (1e) N Y Hon R.75e__ NY Shipb'g £d sh NY StE&G pf 5% N Y Transit.25e_ NY Water Sve pf. Niag Hudson Pw Niag Hud 1st (5) Nor Am Lt & Pwr N A Rayon B .50e NIPS 6% pt 1.50k NIPS 7% pf 1.75k North'n Sta P (A) Ohio Pwr pt (6) Okla Nat Gas.50e Pantepec O11 | | | Pender Gr B .50e. Pennroad Pitts Forg (.25e) Pitts & L E (2e) Fitts Plate G(2e) | Pb Sve Col pf (7) Puget Sd P $6 pf Pug Sd Pulpl.25e Republic Aviat'n. Root Petroleum_. Ryerson H. | St Regis Paper | Seovill Mfg .50 Segal Lock Seiberling Rub__ Sher-Will pf (5). Simmons H& P_. Simplicity Pat. Sonotone (.10e) Soss Mfg .0625, South'n Un Ga Stand Ofl Ky (1). Stand 0110 (1) Stand Pwr & Lt._. Sterling Alum. Taggart Technicolor .50e. Tob Prod Exp.40g ‘Tung-Sol Lamp_. Udylite (.20e) __ Unit Atrc't P .10e Unit Cgr- Whelan United Corp war. Unit Lt&Pwr pf_ Unit Profit Shar_ Unit Sh M 2.60a Unit Sh M pf 1.50 UB8 Fotl (B) . Unit Wall Paper_ Va Pub Serv pf__ Wey'berg §.375e. Wright Harg.40a 1 208 . 1008 11 1% 17% 10 10 98 107 101 107 91% 91% “ 56 50s 2 258 1008 100s 258 3 20s 3258 1 11 1 1 100s 1 4 100s 1 1 175 17 10s 100 100 100 100s 105 105 105 3 9 9 20s 113% 1133 1134 114 14 14 26 1 2 508 258 1 m. 508 54 4 108 a1 5215 0 110 17 18 n am 1w 1 LY % 215 2% 26% 25% S 2 umuo 1104 4 dm K a 1% 1% 3w 34 3 ‘1'4 54 70 110 17 18 17w 284 150s 210s 1 5 20s 50s 1 3% 3w 3% T In bankruptey or receivership or be: reorganized under th oy A o i aquarterly or semi-annual Unless otherwise noted. special or dividends “arg far, this yelr 1 pa; h Cash Withoar warrants, ww war Warranie: ASthmilinted dividend ccumulated dividends e Declared or paid so vable in stock. € Paid or stock. 'k Accumu- 95 declared this year Wit rants. Clearing House Issues Report at New York By the Associated Press. Goody'r T&R .T5e . Graham-Paige Granby Cons .50 Granite City § Great North'n pf . Grt No O ctfs .T5e Great Wn Sug (2) Greyhound (1) Greyhound pf .55 Grumman Afrcra._. Guantanamo Sug fGuantanamo S pf Hall W F Prtg(1). Hamilton W .50e_. Harb-Walker .50e. Hayes Mfg Corp - Hecker Prod (.60) Hercules Mot .25e Homestake (4.50) Houd-Her (B).75e Houston 0l Hudson & Manhat Hudson Motor. Hupp Motor. Inland Steel (2e). Inspiration Cop _. Interboro R T (r). Interboro R T ct Interchemical .80e Interlake Iron Intl Agricultural Intl Harvest 1'60_ Intl Hydro El (A). graded ‘Eirrent - receipts. / m Tew higher: mixed colors, 15, few highe) IVE " FOULTRY—Market' weaker chickens; about steady on turkeys. Fo! colored. ‘all siz Js-16: No. 28, Leghorns, 11-1 Virginia Rocks. IntRyof CAb5s72_ Int T&T 4%s 52 Int T&T 5855 . Kan City Term 4s 60 _ Ind T 4% 61 st_ Koppers Co 45 51_ Laclede Gas 5s 42 Leh Val C 5s 54 std Leh Val C 6s 43 std LV RR 4582003 asd . LVRRcn4%s 2003_. LV RR 58 2003 asd Libby McN&L 4s 55 Long Isld ref 45 49___ McKess & R 51%s50._. Manhat Ry 4s 90 _ Manhat Ry 4s 90 ct Mich Cons Gas 4s 63 Minn St L 55 34 ct MStP&SSM 54s 49 MoK & T 1st 45 90_. Mo Pac6s 17 F . MoPac5s78G . Mob & Ohio 4148 77 Mob & Ohio 55 38 Monong P S 6s 65 Mont Pwr3%s66 ___ Nassau El 4s 51 ctf: 51 51 Nat Dairy 3%s51 _. 106% 106 106% New Orl P S 5555 B__ 1045 104% 104% N Y Central33,852__ 44l 44 44% NYCentral3%s97__ 70 70 170 N Y Central ¢s 42 86 854 86 ) NEW YORK, June 8.—The weekly statement of the New York clear- ing house showed: Total surplus and undivided profits unchanged at $931,357,000. Total net demand deposits (average) increased $13,- 139,000. Time deposits (average) increased $11,018,000. Clearings week ending today, 32,981204161. Clearings week ending May 31, *$2,801,228,586. * Five days. Timken R B 1.25e_ Transamerica .50 Transcontl&W Air 20th Century Fox. Ulen & Co (r) Un Bag & Pap .15e Union Carb 1.70e Unit Airc'ft 1.50e_ Unit Air Lines_. United Corp .. United Drug United Fruit (4) .. Unit Gas Imp (1) Unit Paperboard._. same as Prida: tabl 40; | shippers took ; ver. pared week down, 35-60 Pounds. ‘15-25 Property o Management y last we and choice Good ?ed et nnd vearlings 25 lower instansey -42 dow o [T OIS TOEES: JUP S 3~ NN - S ST L T S POy Automobile o = D N W R AN DB S 2 ealers 50 to 1.00 Tower: bulk steers in killer Resh very food o choice oflerlnll pr;;imlé\mmn 1 1125, "pald for Neht nu Jo extuerion L % e 0 i Beirets to ut, mu der 800 Yeht neum ‘topped h vy heifers 10.15; utel: enough bulls o meet. tade requlremenu Jcutter cows to 6.25; strictly to 8.00; heavy ' sausage Ul to'7.35; vealers glosed at 10,00 down. Balable sheep. :_total. late 2l3car-old. wethers load _California lity, 9,00: com- PPri l? ng lambs 5-60 lo'er. cllnped Ilmhl 25-40 lower: no_wool-skins offered: fat sheep weak: best ative springers in small lots 11.65, oul 1.00-1].6& Insurance Dividends Announced NEW YORK. June 8. —Dividends declu!d (prepared by Pitch Publishing Co.) Passed. Brach E J & Sons. Aulm-ll‘efl‘ Rate. riod T Olrthln Mtlls 67 pt A 83 Carth Mills 6% pf Betr) & Trad Prc A 317a¢ - Baltimore Exchange Names Evans Chief Special Dispatch to The Star. BALTIMORE, June 8—Henry C. Evans of Stein Bros. & Boyce has been re-elected president of the Baltimore Stock Exchange. Frank Pisher of J. Charles, W. L. John- L25: | son, W. Carroll Mead and Herbert ok | W. Schaefer have been elected to it the Governing Committee for three- year terms and William G. Baker, Jr.delecud trustee of the gratuity fun U S Indus Alcohol. U S Pipe&Fdy (2). U S Play Cards 2a. U S Rubber U S Rub 1st pf (8) U S Steel (1e) U S Steel pf (7) Unit Stockyards 1Univ Leaf T pf 8_ 1Univ Pict 1st pf. Vadsco Sale Vanadium Van Raalte 1Va El Pwr pf ( Wabash (r)___ Wabash pf A (r)-- )\ Relieve yourself of the worries incidental to the management of your apartment house and residential properties by placing them in charge of our Property Management Depart- ment—with its organization and successful experience. SAUL CO. i) National 2100 McPherson Square k ! Pay- le. -15 -15 -21 1 109‘/4 109‘/‘ 109% 1 1% % % 10 134% 134% 134% 50 70 68 70 4 k] Y% 6 30 29 123 23 10111 111 1 % 1 % Apex Elec M 22% ulova A 106 XDS Climax-Molyhdenum 99 994 1% 3 29 !‘tunem’ Gro‘cgy Strs 23 m % % % %