Show THE SALT LAKE TRIBUNE FRIDAY MORNING JUNE 4 J 937 24 Stock Gains Barely Offset Losses in Drowsy Big Board Trading Strike "News NY Stock Quotations Xends to Slir Buyer Fears I I NEW YQRK June punctuated tirrings on the upside Thursday's drowsy - stock market at the but finish proceedings gains topped losses by only a small mar — At— 16 Adams Kx Air Reduc Amerada 59 '1 P414 23"A - ssvi 23 'k 27 7H4 48 V 13 46 21 8 21 "4 8 21 29 35 89 Vi 29- 33 Vi 87 53 1 24 '4 106 4 54 'A 124' 76i 77 7714 41 78 7 Vi Vi 13H 1'4 13 201 18 - j 17 62 52 105 10 3 1111111 ' 1 1 1 8 10 But it was not overlooked that dehoarded gold Offerings were Total issues 80 29 15 22 6 2tH v is i 22 0 "C6T" gaiayonsp!Uous in LomJoneo-incide-of- - Bf Barnsda with a slight lift in the C Beatrice J icial rate In the British jnetropo-li- s Bend 20Vi 84 24 34 42 24 45 8i Heth Stl 24 33 Blaw-Knrt- Vi 24V4 44 Borg-War- n 41 16 16 8 8 Vt ' 5 22 Vi 5 22 h d 14 m 19 491' 12 IVi 350 42 18 J11Z Bid 50 61169 188 38 39 — — 2 95 2 '80 3 89 do A A do A A mod Tilvldend Shrs 17 10 57 8 13 Vi 39 31 S8 1 1 do B Maryland Fund Nationwide Sec do vtc Quarterly Inc Shrs Ktand Utll Inc Super of Arn Tr P U 8 K L A Pow A- - si 6 io'23-43 T7 83 2 14 1910 ' 7 7S f 1650 2 52 do B Cent Indust Ray Inger Rod Inland Stl Inan Co Interlakt Ir Int Bus M Int Harv Int H Kl A Int N Can lot Salt 1 00 Commodity Index NEW YORK June 3—The Associated of Press weiehted wholesale prtce index 35 commodities Thursday declined to 90-4Previous day 9083 week aRO 9137 month ago 9235 year ago 7166 — Range ot recent years: 1935 1933-3- 4 1936 1037 9814 8915 HlRh Low Int' Hhoe Int TAT — J Johns Man —K— Ke!H W A Kennecott Kresge 8 8 Kress 8 H Krog Groc Lambert 7865 7494 7184 4144 89 22 7131 11926 average equals 1007 ' Treasury Report tWA8IUNaTQK: JiBMLJ --i Af i— UHt-iSS- J (itlnii o! the treasury ou June j expenditures Receipts $2870447137 S17058OM-5736- 6 balance 36 4432S77: customs receipts lor the month $218380503for the fiscal year (sines July Receipts Bigg A M Liq Carbon Loew's Lone 8 Cem IMise W B IrMcNI:- Iorlllard $444982898832 7ti expendituresIncluding 49808 $202845 276 35 "of emergency expenditures excess 31 PI Lou A N 12 - 39 63 55 117 44 '3 24 5 102 S 11 58 25 IT —-2- IT--- 64) 57 31 li 17 21 33 19 221 3! 51 4! "78 21 33 li 32 22 68 31 21 - 18 11 2 96 48 80 56 31 22 87 55 87 44 44 2! 49 23 15 24 el IT 57 47 8l i 56 is 15 '4 Ih 24 40 8 8 46 1 - 4 8 381 231 8 81 24 34 37 50 69 1 21 10 "231 6 29 11 7 2ft B 1 7i 104 4 88 24 10 54 31 19 37 18 12 9 7 17 2 23 44 66 18 19 14 24 31 5 12 27 10 2 874 42 34 59 42H 58 5 5 5 17 23 60 13 14 8 16 22 60 12 13 37! 36 90 100 16 25 24 23 83 135 4 23 83 29 4 4 12 80 39 12 3! 108 '4 34 3 16 6 11 '30 57 89 2 86 130 98 2 135 12 80 12 107 4 234 31 ' 16i 23 60 V4 13 14 "' 84 3T JS8- 20 7 7 41 4 50 4 7 7l' 27 27 15 8 15 5 13 47 55 42 138 23 13 Wess OAS West Union Westgh Air West FAM White Mot WllKon&Co Wootwortw Wriglev Jr 47 57 43 139 23 25A 23 83 Vi 4 Vi 12 80 12Vi 107 VH 34 164 11 57 Vi 89 86 984 1 9 9 Jt 274 15 574 134 47 564 43 139 23 9 - 'A 5 nfd Indus 2 14 46 wm w r AO t: Btffli if - It imi j S'iH iKs: Ma3 5?wK fr s itii 53 16 11 29 65 34 3 2l llJ "ilI" i?S 9p& mm ww4 S xr as w ve — -- - — -- ' Par Amalgamated Sugar Co Utah-Idah- 1 o ' ' Valtl Com'nanV Sugar No Co — t — Approx Hrlrp Issue S10 5 Par 60c preferred $770 preferred 9J0 yield 650 660 Additional information regarding these securi- ties will gladly be furnished upon request 11 2 108 29 3 25 2 6 125 21125 41 37 36 6 194 19 12 27 27 0 35 B 81 5 m & 3ffmn-Jsmmt- Ure Pett Morris STOCKS Lot - Anqslsi - - 5 a COMMODITIES li - L a k i'--C -I ty BONDSf — - Icfehtj rs IB &w m& wi m - M n id 1 1 105 107 90 I 102 52 160 114V4 71 Vi 64 106V4 104 101 '4 83 83 94 79 r Bet t r 'rK wsi iliac— Spot 23 pounds a A iM J (4 f mm fys future 23 pounds June 3 1AP1— Foreign Great Britain In dollars caGreat Britain — Demand 492 y hills 4 90 15-1bin 492 cables France — Demand 445 445 rabies 526 llslv— Demand 5 26 Ilemands — Belgium 1682 Germany free 4(4 OR registered 2075 travel 2465 Holland 5498m Norway 2473 Sweden 2198: Finland 2J9: 2538: Denmark Switzerland 2202: Spain unquoted: 4 49: Greece 91: Poland 1897: 2 34: 349 Jugoslavia Austria 1875n Huncary 1980 Rumania Braill 8 SO it 32 Sin 75 Argent tiie— : Hhanchal 29 90 Hong Kong Tokio 2 3944: Mexico Cltv 2785: Montreal York 10000 New York in Montreal looon nNominal Montreal Silver - MONTR K A L June 3 tAPl— Silver fu-- I tures closed steady 6" to 10 higher sales contracts Low — Close High 4407 July 4405 4467b B— Bid hi 43-4- 9 ltillli 46-S- 34s 34SS Jun 40-4- 3 3'Al 3iS 3s 2ll06 21106 Mr! 41-4- 3 41 i)4a OH &wih K' c & j" SKS ' 0 WW Hipe-r- t- m'i t J g 2102 261U2 20I1O2 371100 2110U 40-4U2I102 29102 201102 48-5lOilOO 1UI10U lou 61-571 00 27 99 66-825 99 21 99 3 97 27 97 97 2taS 49-5FEDERAL FARM MORTGAGE 2 2'is 3s 47 lb m lis t 9 HaJ imt'fcM a ii KM 9925 9921 2T 3s 49 34S 64 - hi 9HI rm M ar llaVilllimrtliaaiifc 1 z 4 10 iy lltHBaf MM j) iiliiilf iiilTltinn T fc if Zi? tf 1— amnirwr ik 1 j i 2 1032 11032 65102 11102 111102 11 64 4t103001030U10J HOME 2Vi 24S ttfla AWili 62 'iM'Sitlal (Big m 4 5 7 9 10 U U 14 15 16 221101 181101 111101 15'1U3 42-4- 7 3a A 52 fc (s MnM tr imioo21 29 au bb-6- OWNERS OO LOAN 101291101281 101 it 100 U 1006 100 O 99291 9? 24 99 29 - 49 1 " 1:1 63 4k £ ii 65 "t Its "5 14110614 1010612 9 11049 1104 46-4- 8 a-- t 131106 U1IO6 44-4- 2l t u IS ami tBlls !? Close Low Hit 24s as M C ie B't CORPORATION BONDS (Bales III 1000 8ale Hlgh Allegbany Gs 44 flu bs 49 ao 5s 50 sta AArP os 2030 A I O U 5y?a 49 Am 'isVT bVss 43 do cv 4 Vis 39 981 7 20 Cloae Low 98441 931 b2V9 084 93ih tS2Va 21 U3Vj ti2V3 77 13 77i 3s'4s 4a ' Reserve Report In 22 Leading Cities principal ment market Thursday to the announcement the treasury wou d borrow $800000000 in its quarterly financial operations bonds parted ways Corporate close early in the day and at the there were as many up as down Foreign obligations however blared their own way to higher ground avcarrying the Associated Press of a erage of 10 such issues up point to 719 Apathy Continue Knowledge of the government's program failed to break the trading apathy that ' has beleaguered the market for several weeks Sales all classificattonsjiaggregated par value compared With $7969000 the day before The turnover In governments was even more skimpy totaling $430000 against of-— $1000000 3s Foreign Exchange guaranteed Other bills discounted Bills bought in open market Total bills discounted ' Industrial advances U S government securities: Bonds Treasury notes Treasury bills Total TJ S government securi- 641469 2526290 Total bills and securities 2572268 Due from foreign banks 226 P R notes of other banks 18847 Uncollected items 646056 Bank premises 45685 i All other assets 47853 Total assets 12453372 LIABILITIES F R' hotes In actual circulation 4235114 Denoitj Member bank reserve account 6853710 U S treasurer 115099 general account 121749 Foreign bank Other deposits 133705 Total deDoslts 7224263 Deferred availability items 645317 Capital paid in 132198 t section n 145854 nurpius ) Surplus (section 27490 Reserve for contingencies 35940 All other liabilities 7196 Total liabilities 12453372 IVR note liabilities combined 796 percent ties Contingent liability on bills purchased for toregn corresponnenis ioj unnimiuneiiu to make lndustrtaLadvances 17018 Wall Street Briefs NEW YORK June 3 rAP— Increases base rates for hourly wage employes ot KCA-Victcompany at Camden N J will become effective June 7 female employes will be Increased 3 cents junior male cents ami senior male em4 employes 5 cents Payrolls at the plant will ployes be raised £750000 annually by the in In the creases Edison Electric Institute renorted Thurs- (Tii y ttiat— revrme- fixmr liltlm! eunmimtrra of electricity totaled $177579000 In March against ibO05Uuu a year previous International Match Realization Co 1JA has announced that the risht of Interna tional Atatcn company debenture no ders who have not yet assented to the plan of liquidation to exchange 'tneir- debentures for voting tniat certlficati's'will expire on June 21 1937 Debentifitei will not be until holders have acknowledged accepted of the official prospectus the receipt June was uucnangea xnursuay at aao for spots Refiners would pay with no sales reported this price for late June shipment but these were held at 340 while near-b- y sugars which were available at 335 found no buying interest Futures were more active and prices atesd-le- r on Increased covering and buying by both trade and producing Interests which seemed to bs encouraged by the -- steadier tone or tne London market and reports of large sales of raw sugar to English refinern There was good deal of exchanging In both company stated contracts from the near to the more distant positions Final prices for the- No 3 were at the best and from 2 to 3 points net higher with sales of 6500 tons Close: July 246b September 248b November 248n flanuary 240b March BOSTON June 3 Broad 238b: May 240b lnauirv was received for lleece and territory nNominal bBld Refined was unchanged at 470 for fine wools today but actual trading was slow Some was closed on medium grade business but business was llffht and granulated still restricted to near-bbright fleece wools requirements Country packed Ohio and Michigan eomb-tnp- r combined and clothing and 4 blood wool was taken by a few buyers at 41 cants in the grease delivered east Ohio wools blood Braded combing moved in limited quantities at 42 to NEW YORK June S (API— Clottr fii- - were eenf-rlntl48sshlla 41bo4 graaw res rallied late "iV the day on of similar wool sold at 41 to 42 cents in the 'frost reports in Brasll after most of the session Demand was restricted at these had been routine trade and outside support grease wires but numerous bids 1 to 2 cents lower absorbed by long liquidation Santos opened were made to 2 lower and clossd 4 higher to unchanged 2 lower-Sale- s were 17000 The Rio opened 1 to 3 higher and closed 1 lower to 5 Rubber Sales 5250 Closing quotations: higher Tilir 11 11 OjnKA NEW TORK June 3 (AP)--Cra- de TO n rub Huna in ber closed weak Wav 63 to 70 lower cember 1051 March 1040: ao35 July futures mo: jmy 7 as September 728 xeceraoer 1966: September 19801982 Oct loner iwattn 716 March 709 - Spot market was nniet but steady Santoa emoKen rnnea spot isoun r Rio 7s 9s to 11 4s (n) Nominal Rw--H8t- 4 -- 17 Corporate Issues Corporate issues ending minor fractions to a point or so higher included Denver & Rio Grande at 29 Camaguey Western Sugar 7s at 23 Tidewater Associated Oil at 100 Great Northern 4s Issues in the minus column included Alleghany 6s Illinois Central 4 s North American 6s and 4s Studebaker 9196 191101 - N 48 61 Pac G&K 4S 64 15! 106Vi RK gn 4V4s 61 26i 107 V do 4 Vis db 70 20 102V3 do 62 98 Vi 70 Phlla Co 5s 67 52 100 Port GAK 4Ms 601 20 59 311 25 Post T&C 5s 51 Pure oil 4 Vis 50 ww 195 113 50 xwl — 1 105 Pa 3iS R Rand 4V4S 56 Rep Bteel 5A8 54 ao 4Vis 06 do 4Vis 50 8t L S 1 4 Vis 78 ao 48 au a ni We Are Dismantling Logan Sugar Factory Phonej Wire or - Sugar Factory Logan Utah Phone 106 107 102 V NEW YORK June 3 (AP) — Followlnr are the bid and asked quotations furnished by the New York security dealers on New York bank and trust company stocks traded Thursday on an over the counter basis: BANK AND TRUST Asked 106 107 V4 102 Va va V 99 Vs 10O 59 Vi 59 Va 25 25 32 V4 67 121 50 Vi 67 164- 332 15V4 52 Vi 44 Mi Manufacturers Tr Natl Cty 34 W 69 124 52 - VS 6!) 18VS 337 16'V 54 Vi' 4614' IN8URANCK Aetna Ins Aetna Life Bait Amer Carolina Frank Fire Home Ins Natl Liberty U 8 Fire 44 28 'A 7Vi 23 30 33 H 52 : 14 46 - 29 Vi 8V4" 25 'A 32 35 yt 9Vi 54 Vt 111 105 Flour June S (API— Flour MINNEAPOLIS cotton carload lots per barrel In sacks family ptaents 10 cents lower f 690 73' 3s 99l Pertinent Facts of interest to investors in UTAH POWER & LIGHT Preferred Stocks W'e have just prepared a - hensive analysis of compre-- " Complimentary upon copies available request A HOGLE & CO ' tttablishei i)i$ Members Kw York Stock Exchanck Stli Late Stock luhmge Co — — ond other leadingmluHgts 132 So Main " t Wuatcfc 1 i the Utah Power & Light Co covering capitalization financial condition earnings "operations dividends rates kilowatt hour output taxes customers outlook (including favorable and un- jfayorable factors) and vital statistical data from 1929 up to date J 3f Va Bank of Man Bankers Tr Cen Han Bk tc Tr Chase Natl Chsm Bk A Tr Cont Bk Tr Guaranty Tr : Irving Tf 3s ' 925 - Y Bank Stocks N 12 Write Beverly Machinery and Supply 101 5s ©710 standard patents unchanged $655 ® 8:75 shipments 25 4 26 26 14135 barrels 98 99 Pure bran $2050 ©3000 B9 8 09 Vi fi?8 Mr 09 151 Vi 88 88 ao 3 100 Colom 6s 61 Oct 28 100 46 28 Vi 281 10O do 4 Vis Ore 77 21 95 05 99Vi 99V4 99 U Copen 5s 52 Std OU N J 3s 611 14 97 97 Vi 97 Cuba SVis 45 61 60 V4 61 6s cvt 45 5 117 68 Stude H6Vi 116 Va Denmark 4 Vis 62 88 98 French 7Vs 41 119V4 119 Un Pac 1st 4s 47 34 34 5112Vi 112 Vi 112 Va QCAgBk6s600ct do 3V4s 70 26'A 26 9tJ tt G Olntl 5V4s 65 SIS ao'i 98 Utah LAT 5s 441 Ger Gov 7s 49 31V4 31 Brazil 8s 41 441 98 Vi 98 43 Vi 44 uian rsi os 44 98 Ital P U 7s 52 73- 73 ! 66 Va Ry 85 104V4 104 Vi 104 Va Italy 7s 51 85 99 99 Japan 6 Vis 54 99 T 5s 59 ct West P 1st 5s 46 K 10 32 32 48Vi 49U 32 494 IO31Z 103 U 103 Vt N S Wales 5s 57 west un ss ei 81102 102 102 do 4Vis 50 21100 U 100 66 66 66 10OV4 Pan 8 63 A st asd do 5s 60 Poland 8s 50 46 46 20 100 Vi 100 10O 46 Woel Stl 4Vis66A 4 99 Rio de J 6V4s 53 25 24 89V4 B9V4 24 Rome 6V4s 52 74 73V4 73 Vi - llOlvi1 101 Sao P St 7a 40 Young SAT 4s 61 95 95 Vi 101 Toklo e bias 61 ? 79 79 79 FOREIGN BONDS Toklo E L 6s 53 81 81 80 66 Uruguay 6b 64 66 66 11 99V4-Abltibi PAP 5s 53 Yokohama 6s 61 84 83 83 4 100 Are 6s 61 Feb 100 lOO fe Australia 5s 55 4ll07Vill07Vi Total bond sales Thursday S!727fi nrtn -4ViS WeeR" ago $ le43 —1161 ltrr Va Prevlonrrday- - $799000" Belgium mm os 03 ago io654000 1 Two lear jfjuuu tirazu 41 J nO'l 000 years a KO 44 Januarv in 26-fj7 do 6 Vis Year ago $1611-57100- 0 37 V4 date $1546651000 Buen A 6s 61 st Two years sen $1467237000 87 Shell Un 3 Vis 51 Skelly Oil 4s 51 Bo Pac 4Vis 61 flow is your oppoiiunily to supply your needs at a very lowcosf Pipe Fittings Tanks Pumps Compressorsy Windows Sashes Doors Brick- Sterling Boilers — Information onrequcst Relaying Rail sizes 45—48— 50— 60—65 lUlVi 88 112 Va 10S 1107 107Vt 107 3 11a 118 4118 15 97V 97Vi 97 JA 13 153 153 153 Ts 241 24 24 Va 4 Wool Market Coffee Market fi 88 45 44Vt 44 12 43 42 42 5ll03Vi 103 V 103 Va 27 1111 Vi 111 it 111 151 105 105 lut 14 107 106 107 171 No Am Co gs 61 Nor Pac 68 2047 do 48 97 O 86 V 401 ' 6s Bid 103 Vi 1103 Va 102Vi 102 Va 96 96 Vi — majority of foreign bonds ended Belhigher including Japan gium 6s Poland 6s and Germany A 94 94 94Vi 291103 31103 -- " "notes" ti 12524 Mont f 3iS 66 4961 6261 Nat Dairy 3 His 51 NYC cv 6s 44 "1 7485 ao ri os ituij do 4 Vis 2013 A 22232 ao 4b Sc HCV6S48 732608 NYNH3S do 4V4S 67 1152213 1 Wednesday 77 - Drop CP— A bare- 8 upward rflovement in ly nerceptibl U S government bonds was the response of the Invest- Of the 24 active treasury and from guaranteed issues 14 advanced declined llU6'lUti lUbi four to Va 3n113113ilia and the remain-to- g 41105 A 1U5 to 105 A HtMel 4M' 9'Vtl' "Six "were Tmchanged-Oover- n6105iiiludH loo' 7" 65 ment dealers and experts said they 97Vt BllOU'llOS IIO'Jt-looked for little in the way of a "ski 84(- 8il 84 M definite trend to develop until actual 13:103 ia details of the June financing were 12 95i 951 9S4 made 431 titfVllI Aa public Secretary Morgenthau particulars in making his 6112Vl112mil2A omitted n except to say the ya announcement lli02 102)lO2 191 9414 93 93 be in the lorm oi new loans would US 9 tt M ill - 444 el Bonds Stocks NJWE YORK 47i-6- la cents: 3M Sf &&mt& KEW YORK June 11116 00116 00:116 GO 61106 2210ti 1511)018 20111 171111 20110927 1811)1) 1U 105 41105 47-5- 44-5- 4 wm ?MBlfes"S!MI mm0r ss Raw Sugar NKW TORK June 3 (API — Bar silver —Steady and unchanged at 4 5c LONDON June 3 AP — Bar sliver— at 20sd (sterling price Steady up equivalent to— 4512c) Bar gold Advanced Id to 140s Sd (sterling — price equivalent to $3467) "t Vi Pr Money Discount rates — Short bills 9H 3 mouths i per—cent —— June 3 LONDON (AP)— Copper-Stan- dard spot 58 pounds 17s 6d future 57 pounds 18s 9d electrolytic spot bid 63 pounds asked 65 pounds 204 pouuos AUSfluiure cox Dounds iss -LeadSpot 24 pounds 2s 6d future 24 Others 41S 3'ts 4s MiaijaajiasjB a a a at av-- I ll RetfIcTnnt prices at Utah smelters reSmelting and Reported by 'the Amefican fining company are : Lead 600c a pound copper 13650 a pound NKW YORK change— Easy: TREASURY 2 21l 21l 5s 11 3s In the preceding week 9H in the same cities were 12 clearings per cent 54 ahead of the 1936 comparative Metals and Money - (Dollars aud 6ales Hleh w i NEW YORK June 3 (AP)— EnKagement ot one of the largest blocks ot gold abroad in a single day in several weeks was followed by a general decline in foreHsn currencies in terms of the dollar Thuraday The federal reserve bank reported metal in England for American aocount aggregated and an additional $5250000 $10793000 was taken in Japan for shipment to the This brought the total enUnited States LSI gaged abroad in the past three days to nearly $40000000 ot The British pound sterling ended 9Vi a cent lower French francs lost OO V4 of a 96 cent Belgium belgas dropped 02 Vi of a 105 cent Holland guilders ended off 02 of a 99 cent and Swiss francs yielded 01 vt a new cent The German mark sank to-s- i 1937 low at 4008 67 In London the dollar closed 4 of a 105 PT r V at 492 to the pound and in 100 NY StKAG lutid Paris it ended at the equivalent of 4448 95 95 Noln PS 4Vis7(lKI to cents franc against the overnight the 101 101 0k Nat Gas 5s 46 97 V4 New York rate of 4455 cents 97 AO 11 A Closing rates in New York follow: Great 71 71 Pac PAL 5s 551 Britain in dollars others in cents 90 80 PeoO LAC 4s81B demand 492 cables 109 fjreat Britain 109 Phil El P SVis 72 y bills 491 14 492 S49 5V4 PAL PgSd France cdhles fi demand 445 73 445 D i 4 Vi 50 103 Italy demand 526Vi cables 526VA 102 ShaWP 4 Vis 6fiB Demands: Belgium 1682'A Germany 93 4 93 SB Yltu essiJUiina free 4008: registered 2075 travel 2465 106 196 rat v a 6n Holland 5498: Norway 2475 Sweden 93 93 Utall PAL6s2022A Denmark 2200 Finland 219 105V4 2539 106 WastlOas Lt 5S 58 Por2282V4 Switzerland Spain 104V4 103 no unquoted os wasnwatt448V4 Greece 91 Poland 1897 BO 50 tugal West N Un 6s 44 Czecho-Slovaki- a 349 Jugoslavia 234 94 94 Wsc PAL 48 66 A Austria 1875n Hungary 1980 Rumania 75: Argentina 3281 nl KrB7ll FOREIGN BONDS SfiOUn! Tokyo 2869 Shanghai 2990: Hongkong 11 21 47 Ger C Hun 7s Montreal ni jvew jwexico utv 3u4i 10000 fiew York In Montreal 171000 York Total stock sales Thursday total 10000 shares year ago 198110 shares nNominal bond sales Thursday $1600000 year ago — FsHi wai Mds- laMHK mx mm sgisc ?!3S(SsaajaajWWilSafil3:iK Stffli f? v a it at m' ap ss m s att ki m m 'i! x bj as ip 27 ttlrea closed esster 10 th 11 lower sales 120000 pounds Zltif futures dosed steady and unchanged No sales e —- m mwvmwxi r nt mj - Sligh t i fti- - & tew' MSmiMniaaiM a as 39 &iJft tM& fifs" t fl Tf 12 69 rctlJSiockw Local—Preferr':::J Two Airacdvc 'v Now Yielding 6lz f ' future 675 Iron aluminum antimony auirksllver platinum and wolframite— Unchanged -- m U 8 GOVERNMENT BONDS (Hales in HUUOI j j' 4 V i f )! rt teh akl fcl J aif x i — iHW 1 ai - ik a Bank Clearings 23 34 4 10R 24 -- 16 June 3 tAP)-- all NFW YORK money l " per iffTrr d&yr1 — 'steaayT"-cent Prima commercial paper— per 60-9- 0 Time loans— Steady days I 81 5 82 824 months 1 per cent Young SAT Bankers' acceptances— Unchanged 31 33 33 33V4I rate — New York Keserve Rediscount Zenith Rartl Icent 5 SV4bank 1V4 per Zonite Prodi 1U5 NKW YORK June 3 (AP) — Copper-Ste-ady: hare Total sales Thursday 549300 electrolytic spot and future 1400 week ko 59 6300 previous dav 534780 export 1430 76950 year aico 767290 two years ago Mi lln— tisier spot ana near-DJanuary 1 to date 214267969: year aso 5S25 liitnrfcS58TV4 242270953 two years acft 10K(4 33823 — Steady: spot New 560(1 York 600 IB) Iad '605 future 585 Zinc — steady iast M ixjuis soot ana T4t Wji 3is 24 9 3 lli 29 65 ll2 - Std Oil Ohio Sunshine Mug Technicolor- United Gaa Unit L A Pow Al BONDS DOMFSTIO (Hales in $1000) 1105 Alum Co 6s 52 107$ Am GAB 5s 2028 o Am PAL (is '2016 VT 4K Am Rnl 102 ! 50 As Klec 4 Vis 52 160 tiaia 10 os on aw 114 Bell T Cil Bs55A 70 Clt Ser 5s 66 63 id 52 Clt 8 Pw 106 Comw Ed 4s 81 F m fi H 104 Jr n V 101 aa1 UOIIOSDOAI ViStB 81 2030 Kl A 4H rA 94 Drnn 79 Hvgrad Fd 6s49A 96 111 OS DD V rXLj 96 Ind El fis 47 105 Ind PAL 5s 57 A Wll lf2 McCord 6s 43 75 Nat PAL 5S2030T) 81 Nev Cal K 5s 56 67 NEnK GAK 5s 50 105 NV 4UN 7 - 2 2l 1 mu kt t J2694000 90 101 23T4 13S 16 11 56 89 85 97 134 ik NEW YORK June 3 (AP)— Following are today's high low and closing prices of bonds en the New Tork stock Ughanf and the total sales ot each bond: S f iui4 46 2 60 2 60 set-11 flfcaeS :i7 Hid' I"!- 480 BSSii 7 3574 10 1 pfd J! J Pt 1 18 lOVi 14 V 8 90 101 24 136 - "I1 44 35 10 25 i GoM 5S 58 7 17 Vi 42 43 66 18 19 14 23 31 7 35 10 25 - 18i 124 6 7 28 33 57 42 88Vi 28 Vi 28 11 11 28 28 104 ' 104 46 45 54 Vi 54 31 Vi 30: 18 19Vi 37 36 18 43 12 i 50 18 12 JW CtP" 4U i175 2 94 I 50 pfd X 46 46V4 3 25 10 3 63 16 Is 69 2 20! 2 14 3 23 Sherwln-W- 6V4 8S" 4i P P8d Selected 344 37 31 8R Premier 8l 5 Oil Pennrnad V4 8 24 33 tf - Wft 1" 418 418 J2 3 Rubber M Can Pac GAVE 59 39 Vi 56 17 16 23 34 57 42 6 7 4 Ohio dXl 93 8 4 1 81i 7 191 - 46 Vi 55 93 20 58 39 55 17 16 25 24 ' Internat Pet Lockheed Aire N1K ilud Pow Nljiia Mna - 4Va 16 90 7- 40 BO 1 MAS 184 4 10 46 18 1 12 55 40 93 Vanadium — W— Walworth Ward H WarnerBakB Pic 126 IS II Oft 4! 48 8 Steel do pfd Util PAL A U 10 21 33 18 20 271 8 Rubber do 1st pf V 8 smelt 43 55 16 ! U 25 43 10 4 18 129 17 Cen- - US Gypsum U S 1ml Al U 8 Lea A U 8 R A 1 129 96 24 18 140 108 12 5S 127126 7 - 27 39 149 107 129 17 Fink 38 17- 3 41 v vr 29 9 B Unit Carbon United Corp Unit Irug Unit Fruit Unit G Imp 33 129 6 8 122 Aire' Cons Con Cop Mine Cord Corp El Bond Sc Bh 9 18'i 4 Serv do pfd Clalide Neon Lts Colts Pat F 29 1 1 8 9 1 Underwd El Un Carbide Un Oil Cal Union Pac UT!tr"ATr" T Un ted Aire United Bis 1 Hlir Carrier Corp ten ai ki Cities BuuR O K pfd Comw & So waf 2 64 II 32 Federal Bond Quotations Issues Show Bond Anas Cop 4Vas 50 Arm Det 4s od THl'RSDAY'8 BONU AVERAGES a F 4s 95 A X (Compiled by the Associated Press) 80 30 15 Associated Press) 15 145 Vi (Compiled by the ft 2(1 Tv 10 10 B 4 0 6s 2000 D Indust Kails UtU Stocks 10 i4V4 1 1 2 Ralls Indust Net change Util For'n JBeiD Btl 'At ou j 'jsiiuj-uilu7 3 91 8 42 7 669 Net change v do 66 64 Thursday 934 1031 98 3 719 Bkiy M 61 108 Vi Previous day 426 668 Thursday 916 7 Month ago 93 4 103 1 68 3 716 691 Previous ay 930 46 18V 4424 605 Month ago Year ago 939 1032 988 711 C N Ky 4A4s 87 810 34 0 46 Year ago 1937 high 2 1016 495 64 O 918 1029 1018 690 60 Can Pac 1937 low 378 40 9 654 1937 hiKh 990 1044 1028 74-885 ao 48 1936 high 926 1024 97 8V 705 Cen Pac perp 53 7 728 1937 low 9934 435 as 60 1936 low" r-30'2" 4M 4 557 1036 higS 46 982 1044 1031 730 do 1st 4s 49 1107 V 19 'A MOVEMENT IN RECENT YEARS 1936 low 889 1018 -- 993 676 10! U6h JT-S3- --9 1932 tow 169 1S2 lowr'i r 43 81 - 0 ©- -- 64 6- - 22 ujuar-st- r os vd 11U 2BVk it) 2 1929 high 102 9 '101 1469 153 9 J 84 3 1577 1928 high 48 1005 989 do al 5s 2000 9 113 a t)V 1927 low 10 LOW YIELD BONDS 516 953 618 618 C&iNW cv 3Vs 49i 44 16V4 IT 3 G411 ilO7 Thursday 20llOO 66 3VS Oil) lou loo Previous day 46 1107 U U T 1U1 tl til 22102 Dow-Jon- es Month ago 1099 (Columbia4iS Ki as 61 211 9HI !)"!- 24 Averages Year ago 4 60 1122 Coral I T 3'js 61 10102 il 1102 1102 V (Furnished by J A Hogle ft Co menfberi 1937 high' 68 1137 Con t'rlis 3 Vis 46 ioa 104?ilU4 'va stock exchange) 1M7 low 1084 Con Oil 3153 51 26HOH 1UU10U 20 Indus 17309 17156 172 82 Up 10 1936 high 25 1135 Cousum P 65 100 Va ioa Va 20 rails 5653 5573 5632 Vi up 0 1936 low lluovj 10 1102 20 utlls 2779 2741 27 69 Up OS 1928 high 3V4 104 4 Eric rf os 7a "77 13 77 Va 40 bonds 10131 up 02 1932 low 868 do jjn lien 4s 96 2: ts2 va 77 o2W 2 68 Gen M ac 3s Igl 19102A 102'AllO2lA 14 uo uhs ox lOllOOUOUisllOU 'a 23 Goodncn 4 Vie 56 161100 VallUOVl IIOO 14 uouu jdcn us 0 251105 10bVtlO£ 54 Wor 4s 46 G 1201132 4 1129 Vail2 tit 16 WASHINGTON June 3 (API— Combined resources and liabilities of the 12 federal 111 Cen 444a 66 72 14 73 72 V4 29 reserve 61 banks at the close - of business Inland St 2110oV4llutSi10o 65 NEW YORK June 3 CP)— Bank Wednesday were reported Thursday by the int raper os 4 1101 11101 101 34 federal board in thousands of dolCV4V4S39 Int 261 ti'4 clearings in 22 leading cities totaled lars as reserve 12 1 follows: 11 ' $5276296000 in the week - ended ASSETS 51 94VSI 94V4 James FocC 4s 59 94 Va 2 Gold on & hand and L tit 414S 61 J 1103 1103 103 June 2 a decline of 48 dm cent from due certificates 108 U S treasury from g838J401 29 Vi $5541939000 In the same weekr tast Redemption fund F R notes 11341 Kresge id 4s 45 2:104 'l04 104 ' 31s 272695 year Dun & Bradstreet reported Other casta 24 Loews 37 B9V4 99 'A 46 99 V4 68 Total reserves 0122437 Thursday The figures covered a ' Bills " " 2 McK & H 5V4B 50 10 104 five-da- y 103 J03 week in both years short- Secured discounted: 125 Mo Pac 5s 77 FI 27 39H by U S government 36 direct or fully ened by the Memorial day iioliday 'obligations ao gen 4s 75 261 16 17 Va 19 2I108V4 108 18 1 15 1 2 2i 2 4 14 14 Col 12 25 31 H- Tfif VcKC T0CKs: 60 AVERAGE OF Close 1 29 Trl Cont 102 18 10 88 4 -10 ButtctrrliT" in- ISalesl High Low 4I145V4 144 3 Bf A "4 94 Transamer Tr A W Air! ox i 434 57 V A STOCKS cv pfd IS A Ford Goldfleld Con Gulf Oil Hecla Min- - rrr Hollliig Gold Hud Bay 1ns Co N Am r Tim Roll 9V4j ilvv Ir £ 37 16 94 6 W j Brill k a do pfd Equity Corp 8 11 67 8! il do P 194 64 Vi 19 84 38 17 94 1 C D A Twent 95 18 108 8: 12 67! 99 li 25 2! 43 81 10 J Tex Gulf 43 80 38 3 914 123 S7i 24 '201' 18 2 150 Pac G A E Pack Motor Paramt Pic do 1st pf do 2nd pti Park Utah Patlno Mln 4 -- in '4 Tex Gulf S Tex P L Tr Thorn Prod Thomn Star Tide W As Tim Det Ax 15 2fi 39 129 27 39 2 129 8' 96 19 Studebaker Swift A Co Swift Int — T— Texas Corp 3 241 1'! 29 3 5 20 Stone 40 77 Vi 30 Ml 914 A 4 1 stew-Wa- 1 53 34 13 4S li 44 11 49 Mack Trks Macy R H Mag Cop Mnr Field McCr Strs $238835050976 gross expenditures debt $35 21 141794094 a decrease of under the previous day gold $139004674 9088534-Includinniseis $ I 20251 861973 84 of inactive gold Of - iii Ja HI 'ii'M' 2 62 91 do vtc 67' 35 13 —U Z Home M 21 Houd H B 51 74 howe nd 101 16 Hud Mot 3 14 Hupp Mot HalUl-SU- 261--- A 61 I3'i is 6 14 5 63 9 34 4 33 1 98 1743 l B14 20 63 35 - 6 32l 291- - 80 37 3 -9 20 81 Asked j23- 45 Fund Tr Shrs A 57 130 Bfl 77 30 4J 57 88 9 77 3 30 82 44 4 58 1 88 1 u A miss -- Co Am uyan nfd V4 304 34 Ohio Oil Oliver Frm Otis Kiev Otis Steel Owens III Gl Servel Sharp A II Shell Union do ptd Simmons Skelly Oil Smith A o: Socony Vac South Ry Sperry Corpi Std Brands Std G A El do nfd Std Oil Cal Std Oil Ind Std Oil N J 37 17 10 130 6 17 30 34 at Mi 4 22 Sales Am City-Am Am Gas A do Am LlKht T Am Sup Pow 24 33 Vi 17 II Sears-jRoe- IS 32 32 29 203 26 26 67 12 40 52 53 39 39 63 63 54 55 117 117t 44 44 24 24 15 15 42 43 2 4 f Alum i" 31Ml 20 14 38 24 32 56 12"4 24 26 North Pac: -- 80 Schenley Kl 1B9 39 fit 37 17 10 37 $2262 4SU 189 - Vi 1 15 Safeway St Ht Jos Lean 21 39 59 5(1 22 18 24 33 22 17 30 814 1 M 31 20 29 - 112 154Vill55 12 18 6 Radio R K O Rem Rand Rl" Muor Repub Steel Revere CAB Reyn Tob B 130 27 42 18 3Hi 2 Ht wo 114 K— 5141- 130 27 42 1 31 NYChAHtL do pfd NYNHAH Bhlpbld N Am Avia North Am 181it 51155 New York I J2087 9 m Fund Can Inv Fund Corporate Trust Bullock 44 31 19 99 43 31 19 99 8 'A 5 1 31)1 Investing (Companies -- 7 112 21 "4 21 24 14-- 57 7 18 111' 121 Old Colony RRV tjulncy Mining Khawmut ssn ct 48 13V4 65 39 39A Torrington 30 31 31 Union Twist Dr 88 88 131 Mach Shoe United 1 2080 Hi Utah Metal Total Boston stock sales Thursday 1 9 ' shares - NEW YORK June 3 Dealers' association: 56 51 - 12H nu 50 HI) 21 59 PrneAGam — 3 39 Pub Svc-N- J 1Q 56 Pullman 124: 17 Pure Oil 1 16 Purity Bak --43 -- 42- 87 :? 44 31 19 09 21130 22 VS 8 131 22 8 YORK June 3 (API— Following ll a list of 'ihursuays transactions ou Lha New Tork curb exchange: NEW 28 28 -- 1 1 peun it it Pfeif Brew Phelps Dod Phillips Pet Pitt Htl pttl Pr Stl Car Vi 2 1 "126 24 8 10(1 36 35 1 Walry Pciuiey 54 im North Butta 2i- 22 - 121 13Vi 7H03tl03Vill03l' i5 15 15 June 3 (AP)— FollpwInK ire the sales nigh low and closlnR prices of stock lock traded Thursday an tils Boston ' exchange: 3ales High Low Close 64 64 15 64 Boston Kiev 2401 it5 115 Copper Hange 5 32 Kant OAF -13034 1310a 071131 Jdison Eleo 111 3 3 3 lln Rnvalft Lltio 607 46 46 30 46 Mergenthalcr 8 8 Rac 5O0 8 Narragansett 48 121 11 13 - 214 37 35 BOSTON i W 1141113 Boston Stock List st 4 M 112111014 $800000000 would be Com ABolv Com fo borrowed by mean of notes in the Congo Na JUne quarter had no great effect Con Edls pfd on markets generally The borrow- Condo Oil Text ing rate was not disclosed U re-S Con Con Bak A government securities held to a do a Can stricted groove and corporate loans Con cotr t)tr ir Were uneven Cora Prod That $500000000 in "new money" Coty Co would be included in the total Crane amount sought by the treasury led some to believe the cash might be used partly In the government's i 4 5 37 Sit 8 93 39 1 23 Nat Dept 8 Nat JMstllL Nat Lead Nat PAL Nat Steel Newport In N 1 central Vi 12 2 Nat Biscuit Nat Cash R Nat 3 "sr'-'- Nash-Kel- 25 25 61 Murray 16¥i 42 l- - Quotations ll'a 61i 11 61 11 a 700 20 i 33 13f 20 33 13 1 pfdi Monsan Ch Mont Ward Mothr I)d Motor Prod Motor Whl! a2 20W Boe principally in England and Japan Bnhn Alrpl Alum for" shipment to trie United States Borden to amounted nearly Thursday Bridge B ' v: Brlggs Mfg j-'' BU(yru-K- r Power Stocks Unexcited Build Mrg Budd Whl Power and light company stocks B A Mach were unexcited by the president's Butte CCoA Z Byers message to congress recommendCalla ing establishment of seven new "lit Cal A Hoc tle T V A's" It was thought the C D G Alel eanaaPiic well been dis had communication Car A Oeit counted by utilities over the past Cat Tract Celancse months several Cclotex The day's turnover in stocks ag- Corro de P Ohio C com549300 shares It gregated only Chcs Corp A N W pared with 534780 on Wednesday Chi Chi Gt W which was the slowest session in Chi MSP A P pf more than two years The AssociChrysler was 60 issues of ated Press average Colgate P Col O A E up 1 of a point at 669 Colum Car Com Ored Secretary Morgenthati's 701 20 34 13 11 14 T M K Mo Pac 2fl 22 2t!Mi B214 12 V Avlat The New York federal reserve iank reported gold engaged abroad Mew JiinR Va TOT Beld-He- gold sterilization program McGr Hill Mclu Pore McK A Rob Mengel Mesta Mach Mid C Pet Minn M li pfd 8a 29 do Pf B A Ohio do nf nt N Y Curb -- 1 i6-y4 — b— Bald Loc low metaL — H 2 164) pf Aimeomla Anch C pf 111 Arm Assd D Od 8 F A T Ail Refln Atlas Corp Aub Auto Avlat Corp At the same time the gold bug continued to nibble at market sen- timent although a treasury spokesman denied any statement was contemplated at this time on the government's buying policy for the yel- 48 13 45 20 Vi 49Vi 50 ness oveF foreign affairs In addi- - AmTob do B tion corporation earnings generally A'Typ Fdrs w at w a of f march reflected the ' prward Am — Woi-ribusinessT 58 94 23 '4 63 98 54 23 Vk 27 B3i£ 98 hi t it T Am ni !& IB'i 3 - eeemcd to be lessening of nervous- 68 12 and investment A BankN pf forces apparently were undecided Amdo Can C A F which way to jump and the result Am Alco was the majority merely teetered KA CC KllRsr ' A A on the price fence do $H Among retarding - factors bro- Am internpf kers said was continuance of the Am Loco AM Fdy steel strike with no signs this con Am Aieiai P & Lt troversy will be brought to a AARABS near-b- y conclusion A Kiifcty R A li Mill Nervousness Lessens Am S A R An offsetting influence though AAmStlHugFdra pf Net Closef Chm 16' 4 9- Alaska Jun AllcKhanv Allied Sirs AUH-Mf gin Most speculative JtfewXork Stocks irregular (elected' Lssuei rally Bonds mixed U S loans drift Curb uneven" leaders in narrow range Foreign exchange lower ater-Xfranc sag lower Cotton favorable weather Sugar higher trade buying Coffee steady reports of rost — in Brazil Vi closing at 11' Northern States Chicago at 20 Vt off Wheat unsettled foreign weak-- t Power A closed Pittsburgh Plate Glass 128 off 1: ness" Cities Service dropped to 3 off Corn weak profit taking: Bond and Share was off Cattle steady best steers J142S Electric at 16 i and International closing: Hogs 154f25 cents lower top Petroleum sagged Vt to 34Vi: $1165 Volume for the day was slightly better t transfers totaling 171000 What the Stock Market Did shares compared with 157000 shares Thur Wed Wednesday 334 Advance's 275 t 2G2' 201 Inclines j7 — 165" 164 Unchanged Hundreds) Hales! Hlphi Low UP—Feeble 3 YORK June 3 U&— The curb market was under pressure Thursday and many issues drifted fractionally lower Most groups felt the downward pull although a few bucked the trend Notable was Montgomery Ward A among the few gainers spurting to 139 a climb of 3 points Penn-roa- d Oil PaWall United Sunray per and American Super Power were among those that gained fractions Niagara Hudson Power was down NEW STOCKS In OniS'YCurl NY Daily Stock Market Trend Trend-Lowe- r Glance NEW YORK June 3 CAP)— Following Is a list of Thursday's stock transactions ou the New York stock exchange: (Sales a Markets at tl |