The Cincinnati Enquirer from Cincinnati, Ohio • 19

THE ENQUIRER, CINCINNATI, WEDNESDAY, JUNE 0, 1031 I AaieA iTnou.i Hisn. I Low. I Last bates 1 nou. 1 BONUS. Better Buying Slows Up Pace Of Decline BONUS.

White-Sew" MH 5s '36xw Willys Ovtrl 6s '33 Wilson 4 Co 1st Ss '41 Winch Arm elf 7s '41 1 10 25 1 1 31 1 38 2 99 i 19 1 30, 90 89. 89 6. 50 I 50 I 50 I I I 20 97; 97 I 97 i 67, 97 I 97 5s '78 Youngstown ft Do os 1970 rather than a lopsided one. A FOREIGN BONDS. balanced diet consists of reserves of I Stock Averages inn 102', 100 1 103 I 99! 84 I 10a 1 123! 1-18; 95! 95; 113 94; 1 39, 104.

103; 97 i 99; S9 I 100 102'; 99 103 99 84 109 123 108 95 9514 113 94 90 39 int 103 97 99 89 100' 102 4 99, 103! 99; S3! 109 i 123' 108 I 95, 95 112, 94 90 i 39 I 104i 103, 97 99 89 1 15'; 1 62 Lehich ft 4 '54 Lehigh. Val Coal 5s '33 Lehigh Val of 4s Do 5s 2U03 Leh Val Pa con 4 "4 2003 Do con 4s 2003 Lex East hv 5s '65 Liggett ft Myers 7s '44 Do 5s '5, Loew's Inc is '41 xw Long Isl rfg 4s '49 Loniiard Co 7s '44 Do 5 Us '37 Do 5s '51 Louisiana ft Ark Ss '69 Louis A rfg 5a 2003 Do 5s 2003 Do 1st rfg 4 Vis 2003 Do 4s Lcus ft So jt 4s '52 A 33 St div cash, good short and long-term bonds, prime preferred stocks, and high-grade common stocks. 6 3 19, 6 14 3 19 12 LIQUIDATION Still Continues Heavy, owners blundered and the exchanees later were unfavorable, suggesting that the Bank of England obtain the gold tomorrow a.1 tne statutory price. Pesetas were steadier at 52.45, pesos were weak at 33.75. The milreis was good, ra-assuring confidence in the statement of the Brazilian Embassy, but bonds were still weak.

Foreign bonds remained offered. German 7 Vis were at 98 down Kreugers were steadier after fresh early weakness. SPECIAL CABLE TO THK ENQUIRER. London, June 2 The Anglo-Persian Oil Company declared a final dividend of 10 per cent on common stock, less tax. making 15 per cent, for the year, against 20 per cent in the previous year.

Dublin. June 2 (AP) The Dublin Gazette said that a resolution was adopted at an extraordinary general meeting of the F. W. Woolworth Company of Ireland. In London, declaring that the company he liquidated voluntarily.

A meeting of creditors, the paper said, is to held in London on June 12. The. company has two stores in Dublin and one each In Cork, Belfast, Limerick and Kilkenney. It was officially explained that the liquidation followed a decision to form one company for Great Britain and Ierland, issuing stock to the public. Its business In Ireland, It was reported, was very good.

.1 46TT 99, 62 1 62! 96 79! 46 I 46 I 49 I 35 I 37 I 39 I 100 Vi I 75 I 74 1 73 I 73 I 74 74 I 74 I 74 I 741,1 11" 1. 14 13 8 5 1 li 2 3' 4, 1 22; 5, 13; 5 17 71 7 4 26 181 69' 69 69 I I 1931 Br OmvffKH fro. S3 14 Advising their clients to take advantage of opportunities in equi ties. In drawing up a program for a $300,000 estate, one of the well-regarded firms of the street points out: "We have suggested dividing the fund into about 66 per cent in fixed income bearing securities and the balance in equities. We have done this with the idea in mind of this being the ultimate division to aim for rather than to suggest that this be done at the present time.

We should Kopjrijht, 1931, Standard Statistics 10 10 10 31) Ind. BR. .11. Tut. Tuesday 92.7 64.S 141.1 96.9 Previous 94.3 05.3 143.8 98.S Meek ago 101.6 73.3 153.4 106.4 Month ago 11S.9 83.0 166.1 117.7 Year ago 189.0 129.9 270.0 193.8 Two years ago.

204.7 136.5 233.0 197.9 Three years ago 169.8 126.9 158.1 160.8 High 14U.2 106.2 203.9 144.3 Low (1931) 92.7 64.5 141.1 96.9 High 202.4 141.6 281. 3 208.8 Low (1931)) 112.9 86.4 114.7 High 252.8 167.8 353.1 253.8 Low (1929) 141.3 117.7 156.3 140.2 r.ut Bargain Prices Begin To Attract Investors. Abitibi AP 5s '53 Adriatic Elec 7s '52 Agri Bank Col 6s '47 Do 6s '48 Akershus 5s '63 Alp Mont 7s '55 Antioquia 7s '45 A Do 7s Do 7s '45 Do 1st 7s '57 Do 2d 7s '57 Do 3d 7s '57 Antwerp 5s '58 Argentine 6s '57 A Do 6s '53 Do bs sf Jun Do si Ss '59 Oct Do si 6s 1960 May Do 6s 1960 Sept Do 6s 1960 Oot. 1 Jul tvo Do 6s 1961 May Australia 5s '55 Do 5s '57 Do 4s '56 Austria Gtd 7s '43 Do 7s '57 ctfs Batavian Pet 4s '42 Bavaria 6s '46 Belgium 7s '55 Do 7s '56 JLo b'is 49 Do 6s '55 92 98 i 65 72 I 105! 4H 46 I 49 1 3.1 1 37 I 39 I i 73, 73 1 73! 73 I 74 1 73 I 73, 74 1 52 1 53; 50 107'; I 88 I 94 I 78 I Throwing Over Of Standard Stocks Making Them Cheap For Long-Term Investors. I i I tfi 46 46 19 35 37 39 1 10 73 74 73 71! 73 71 73 73-, 74 52 53 50 108 88 94 76 115 109 110 103 Mrnhat Ry rnn 4s 9 Market St Ry 7s "40 McC'rory St 5s '41 McKesscn ft Rol '50 Mead Corp Cs '45 A Met Ed 5s '53 Do 4 lis '68 Midvale Stl cvt Su '35 Mil Cl Ry ft Lt 1st 5s '61 SP Marie 6'jS '31 Do 5s '78 Do gtd 5s '3S Do 1st con 4s ''j Tex Dr In 5s '2 A 5 1.

8' 2 I 64 16, li 10; 2i 44, 31 II 8: 1, 14l 8: 29' 60! 55 I 53 I 50 I 10 Observers Believe That Sharp Technical Rally Is Probable On Any Encouraging News. 131 108 98; 89 SPECIAL DlsrATCH TO THE ENQUIRER. New York, June 2 Wall Street has again been in a mood to throw a'l good news into the waste basket. Berlin, June 2 (AP) The Relrh.vbanli statement as of May 30 shows ihe following changes in reichsmarks Gold and bullion increased 19.907,000; reserve in foreign cur 101 94 I 76 I 11 Do e.dj 5s '87 A Do 1st 4s '9i I 115Vi 55 I 93 I 9S! 6rt 72 I 105; 101 I 102: lu3! 90 I 93 So 82 1 S3 I 71 I 88 1 61 1 77' 77 I 55 I 77! 10ol 102 I 67 I 102! 84 I 99 I 90! 49 I Mo Pac cvt 5Hs "49 A 1101 I 109 110 I 110 103 1031 49 98'- 97 Bergen City 5s Do os '60 Berlin City 6s Do 6s '58 '50 125! 41 os '77 Do 5s '78 Do gen 4s '75 Do 5s '80 Do 1st 5s Mont Pow rfg 5s '43 A Do 5s '62 Moiris A Co 1st 4 Vis '39 Mc.rris feex -iis -55 Do 3 2000 Mortgage Bond 5s Mohawk ft Jialone 43 '91 Berlin City Elec 6s '51 97 9 75 69 72 74 65 71 17 3, 98 I 75 I 68 71. 74 65 1 I 17 I 13 I say that you could with prudence invest about half of the moneys alloted for equities at the present time and either keep the balance in cash or temporarily place in United States Government securities, or issues of the city of New York.

When the time comes to transfer this portion of the fund to equities, we believe that it will be possible to do so with little risk of loss if these funds are placed in common stocks or corporations which are leaders in their field, which with any upturn in business should enjoy increased earnings with a consequent satisfactory improvement marketwise. We cannot assure you, however, if business conditions continue bad, that they will not fluctuate with the market." .1 rencies decreased 10,383.000: bills of exchange and cheques increased silver and other coins decreased Notes on other banks decreased advances increased investmenU decreased other assets increased notes In circulation increased other maturing obligations decreased other liabilities decreased 2,914.000. Total gold noldings 2.390.327,000. Note coverage 59.9 per cent. Rate of discount 5 per cent.

Paris. June 2 (AP) Prices were weak on the Bourse today. Three per cent rentes 89 francs 20 cn-times. Five per cent loan 102 francs 32 centimes. Exchange on London 124 francs 18V4 centimes.

The dollar was quoted at 25 francs 51 centimes. 56 92. 93 65 72 10.1 101 102 103 90 92 85 82 83 71 88 60 70 76 55 76 76 105 102 67 100 84 99 90 49 93 98 14 86 110 106 101 92 92 50 58 102 94 101 93 84 S3 88 69 98 14; What Stock Market Did Tues. Mon. Number of advances.

136 58 Number of 537 608 Stocks unchanged 180 130 Total Issues 853 708 consolidations, however, is hardly worthy of belief. The news, however, can be accepted as a contribution to eventual stabilization. Reduction of $216,000,000 in Stock Exchange loans during May emphasizes that liquidation, not bear raiding, was responsible for the extreme weakness in the market. One of the biggest and most influential bankers said that foreign selling of stocks has completely dried up, so far as his own house is concerned. 13 lo 09 Do 6s '55 Berlin El Elev 6V.s Bolivia 8s '47 Do 7s '69 Bordeaux 6s '34 Brazil 8s '41 Do 7s '52 Do 6s 1926-57 Do 6s 1927-57 105) I 98 I 76 I 70 I 73 I 74 1 67 I 71 I 19 I 13 I 105 I 50 I 99 I 36 I 36 I 40 I 65 I 107 93 I 69 I 58 1 55 72 I 93 Business in the large has been comparatively steady near the bottom this year while market sentiment has gone through violent ups and downs.

In the first third of the year, basic business indicators began to point upward, and in May the backsliding was mainly seasonal In character. The throwing overboard of equities seems destined to bring standard stocks to a level where they will be obviously cheap to investors. Much of the water has already been squeezed out, and comparatively little value has been placed on longer term prospects for improvement. Holders of stocks have become discouraged because at the approach of the summer period there is no clear sign of a decisive upturn of business immediately ahead. Instead of discounting the future of business, the market seems disposed to await a turn in business itself.

SO I 50 99 I 99 34 1 36 35 I 36 K6 1 36 64 I 65 1V Brazil Ry El 7s '52 '54 ww ereaa Ernesto 7s British 5s '37 111 151 151 61 21 10: 7, 20 4 14; 3i 12 81 HI 35; 51 40! 18! 10, 12; 2 17; 65 211 1 lOi li 2 12, 15; 9, Si 17; 9, 21; Nassau LI 4s '5i stp Natl Acme 6s '42 Nat Dairy '48 Nat Rad 6Hs '47 Newberry 6s '40 New Eng 6s '52 Do gen 4s '61 New Jcrsty Pow A Lt 4s '60 Pu Sv 5s ctf '52 A r. Do 5s '55 Tex ft 4s '56 Do 5s 31 224 1 4 1 51 61 111 21 21 69 I 52; 69 57 Do 4s '60-90 Budapest 6s '27-62 Butros A 6s '61 Do Prov 6s '61 Bulgaria 7s '68 Caldas 7s '46 Canada 5s '52 Do 4s '36 Do 4s '60 00 1 OJ 72 1 72 45 i 45 45 ft rf A im'p'5's 45 Do rf ft imp 414a A 2013 2 107 I 106, luj 102 lui'i Money. New York, June 2. (AP) Call money steady at 1 per cent all day. Time loans steady: 60 days 3 to 4 months 1 2, 5 to 6 months 1V4 1 per cent.

Prime commercial paper 224 per cent. Bankers acceptances unchanged. FOREIGN. 96 I 96 45; Cauca Val 71-s '46 Chile Bk 6s '61 I 45 58 46-, 63 53 54' 101l 102 I 103 90 I 92 I 85 I 82 53 I 71 I 88141 60 I 76; 76! 54 I 76 76 105 1U2 67 I 100 84 I 99 I 90 I I 49 I 93 I 98 14 14 I 85 I 110 I 106 I 101 92 I 90 I 50 I 58 I 102 I 94 I 101 I 93111 84 I 83 I 88 I 68 I 98- I 61 I 75 I 115 I 112 li! 101 I 110 1 10514 I 91 I 87! 49 I 2 I 109 104 50 I 72 I 106 I H0l 106 I 96 I 77 1 91 I 105 I 19, 99 I 98 I 103 I 104 I 101 I 106 I 109 93 I 68 I 10714! 104 li I 60 I 111 I 110 109! DO 07 1 62! 57 1 53! 54 Do 6s '61 72 58 TEN-YEAR PLAN URGED. Moultrie, June 2 (AP) A ten-year Federal program to aid the farmer was advocated by William D.

Anderson, Macon, cotton manufacturer, in a speech today at a joint meeting of the Rotary and Ki-wanis Clubs here in connection with celebration of National Cotton Week. "The great ma3S of farmers," Mr, Anderson said, "are inefficient in their methods and produce at too high a cost. They haven't learned the lesson that others have learned, that the unit of production is the important thing, that the cost of production is the important thing, that the cost of production, and not alone the selling price, should be given first consideration." Do 6s '62 Chile 7s '42 Do 6s '60 Do 6s '61 Do 6s '61 Do ts '61 tfept Do 0s '63 Chilean Mun 7s '60 Cologne 6s '50 Colombia 6s 61 Jan Do 6 '81 Oct Coloin Mtge Bk 7s '46 Do 7s '47 Comp Aut 7s '39 72! 59 I 58 i 5S 60 I 59 i 52 I 75 I 62 63 I 57 14 I 57 I BI'ECIAI, TO THE ENQCIRER. June 2 The Stock Exchange was less unhappy this afternoon, but is still anxious over the position of Wall Street and the Continent. The feature was the general rally of the currency exchanges in favor of sterling, causing the recovery of British government bonds, which also were helped by American and Continental buving.

War 5s went to 102 15-16. up Funding Loan went to 96, up Consolidated 4s went to 95, up Call money was plentiful and was finally unlendable at 1 per cent. Bills were easier at 2 1-16 per cent. Cape gold amounting to 387,000 was bought by an institution for Switzerland cheaper than they could have bought the 10.000.000 Swiss francs oriE- 57 1 58 59 59 I 52 I 74 60; 60, 52; 57 uvu is Do con 4s '98 Do rfg 3s '97 Ch La Sh col tr 3s '98 Chi ft St 6s '32 Do 4s '78 Do 1st 4s '37 Dock Cc 5s '38 Do 4s '51 Edison rfi, 61.s '41 NY Gel ft uol 5s '48 New York ft Jersey 5s '32 ft cvt 6J'4S Do col ir 6s '40 Do 1st ft rfg 41 '67 Do debs 4s '47 ft rfg 4s '92 Ry Inc 6., '65 Steam 6s '47 Do 5s '51 A gen 5s '40 Do rfg 5s '37 Y' Tel rig 6s '41 Do 6s '49 Do gen '39 Trap Rock 6s '48 ft Bost 4 Vis '46 Niagara Shares 5V4s '50 A Pow 5s '55 A 3. 12! 46 43; 4 Nowadays it is fashionable to be pessimistic.

But long-term experience demonstrates that it is hazardous to base economic commitments on the mass moods of crowds. What is conservative investment policy during a period of economic stress and storm? My own view is that in a period of transition the investor succeeds best with a balanced investment diet, 55 72 58 57 60 59 52 74 61 6J 57 .17 15 luo 95 68 55 92 61 97 47 .1 99 I 14141 86 I 111 I 106 101 I 92 I 92 I 50 I 58 I 104 I 95 I 101 I 94! 84! 83 I 90i 69 I 99 I 62 I 75 I 115 112 '4 1 101 113 I 105 li I 92 I 87 I 49 I 2 I 109141 104 I 50 I 72 I 10614 1 111 I 105 97 I 77 I 92 I 105 I 19l 99! 99 I 104 I 104 I 102 I 106 I 110 I 94 '4 1 68 I 107! 104 69 I 111 I 110l 1(19 I 95 15 I 15 1 Lopennag 6s '52 6, 100 100 95 I ir.aily required. A very unusual item Is 95 68 57 92 61 that 590,000 ol gold is unsold, but the a 0.5 19 Cordoba Pv '42 4 Costa Rica 7s '31 5 Cuba 5s '53 6 Do 5s '45 1 21 Do 5s (1914) '49 A 1 Cumlinamarca 6s '59 61 75 115 112 101 110 105 92 tiVi 49 2 109 104 50 72 106 110 10.1 96 77 91 105 19 99 99 103 104 101 1,1614 109 93 68 10714 104 1, 64; 55 91, 60 1 97 I 45; 109 I 109; I 109 109'. 10.1 105 I 101 101 97 I 61 47 I 5 109 109 7, 105 101 1 14, 97 I 11. 99 I 91 I 5: 84 I 103 101 I 2j llll '4 I 9 6 Bond Market Registers General Decline; Industrials And Railroads Are Hard Hit Norfolk 4 South 5a '61 A Norf A West div 4s 44 Nor Am Co 5s '61 Nor Am Ed 5s '63 Do 5s '57 1 Do 53 '69 I Ohio ft 6s '47 A Nor Pac, fis 2047 I Do pr lien 4s '97 1 Czecho 8s '51 Do 8s '52 Denma.k 6s '42 Do 51is '55 Do 4s '62 Deutsche Bk 6s '32 Dom Rep sf '42 Dresd sf 7s '45 Duke Price Pow 6s '66 Indies sfg 6s '62 Do 6s '47 Do D's '53 Nov F.l Pow Ger 6s '50 .1 I DO gen 38 2047 Nor Stales Pow 6s '41 Do 5s '41 A 69 111 110 109 94 Ogrien A Lake lia 4s '48 Ohio Pub Svc 7s '46 Do 7s '47 Ore Sh Line gtd 5k '46 Ore Wa.ih Sc 4s '61 OtM Stael 6s '41 94 I 89: 89 89 I I 97 99 90 84 103 101 101 ,102 76 72 60 85 S2 90 86 74 80 SS 101 68 125 118 87 83 81 70 70 'a 69 69 98 92 95 80 81 93 105 102 I 76 I 72'i 61: 85 I 82 I 90 86 I 74 80 I 88 I 101; 69 i 125: 118 I 88 I 83 I 81 I 70 I 70! 70 I 69 I 98 I 92l 95 97, 99 I 90 I 84 I 103 101, 101; 102 I 76 I 72l 60 i 84; 82 I 90 86 i 71 80 87 I 100 1 68, 125 118 87 I 81 I 79; 6'J 9'V 69 I 67, 97 92 1 95! 80 81 I 95141 99l 91 I 98 I 82 62 83 I 107 I 101I I 100; Do 6s '53 1 Estonia Rep 7a '67 Flat 7s '48 xw Do 7s '46 ww I Finland sfg 7s '50 1 Do 6s '45 1 Do 5'is '58 1 Fin 6s '54 A 1 Do 6s '54 ,1 Fram I Dev 7s '42 1 Frankfort 61-is '53 1 French 7s 41 1 Do 7s '49 1 Gelsenkirchen 6s '34 1 Ger Agr Bk 7s '50 Do 6s '38 Apr I Do 6s '60 July I Do 8s '60 Oct I Ger Con Ag Loan 61is '58 1 Ger Gov't Inll 5s '65 1 Ger Rep 7s '49 1 Ger Gen El 7s '45 1 Do 6s '40 1 Do 6s '48 1 74 8 21 21 21 231 41 I 151 II 271 51 81 61 22! 101 21 91 51 17 i II 12 22 41 46! 67 2.1 9i 39' 31 16i 12 12 6 31 2 691 63 10! Bond Averages ICopyrifht, 1931, Standard Statistics Company.) 51) 20 20 90 Ind.

BR. Lt's. Tot. Tuesday 31.4 98.3 99.6 92.4 Previous day 82.8 96.8 99.7 93.1 Week ago 84.4 99.4 100.2 94.7 Month ago 83.4 99.5 100.4 94.S l'ear ago 94.0 106.6 99.4 100.0 Two years 93.1 102.7 36.8 97.5 Three years ago. 96.2 106.7 100.0 101,0 High 30.4 105.7 101.

1 98.7 Low (1931) 81.4 96.3 98.4 92.4 High (1930) 94.9 109.8 101.4 101.3 Low (1930) 83.3 97.3 96.6 92.6 High (1929) 95.3 106.0 99.8 99.9 Low (1929) 99.4 100.8 96.0 96.3 New York, June 2 (AP) The bond market made a general decline today and the turnover made another increase. Sales totaled $14,103,000, compared with $13,472,000 on Monday. A number of new low prices for this year were reached, especially among industrial and railroad loans. Average prices for 10 representative issues in each of these two groups and the composite average for these 20 bonds and 10 utilities made new low records for this year. The industrial, railroad and composite average are all below the bottom levels for 1930 and for 1929.

Only the utility average is higher than the low record for the three years, although it eased off a little today also. The impressive fact about the market's action today was its inclusive nature. Even many of the high-grade and gilt-edge obligations eased off after resisting the downward movement temporarily. American Tele- Nashville unified 4s and Oregon-Washington Railroad and Navigation 4s closed with varying losses. As a rule the losses among such bonds were smaller than among the more speculative issues, but the fact that lower prices were fairly common among them was significant of the character of the market.

Many of the widest losses occurred among foreign bonds. Issues of Colombia, the Colombia Mortgage and Agricultural Banks and of the Province of Buenos Aires made outstanding gains ranging from 2 to 1 points. Among the rails, strength In the loans of the St. Louis, San Francisco was a feature. United States Government obligations were quiet until the second half of the session, when activity increased and prices advanced.

Closing prices of many of these issues were within slight fractions of the 1931 peak prices. The Treasury of 1947-52 reached a new high level, but they reacted to close lower. Brokers Loans At New Low. 81'EL'IAL ItlsrATL'H TO THE ENQUIRER. New York, June 2 New York Stock Exchange reports collateral borrowings of members at the close of business on May 29 amounted to $1,434,683,650, a new low record since publication of these figures began in 1926, and a decrease of $216,444,474 from the total of $1,651,128,124 on April 30, the previous low.

On May 29, 1930, these loans amounted to $4,747,831,912 while the high record for all time was established at end of September, 1929, at $8,549,389,979. Detailed demand and time loans compare as follows: From New York banks and trust companies: Demand. Time. May 29 $1,045,171,178 April 30 1,221,260,569 245,240,000 From private bankers and foreign agencies: Demand. Time.

May 29 128,337,142 13,148,000 April 30 167,902,551 16,725,000 Total from above sources: Demand, Time. May 29 $1,173,508,350 $261,175,300 April 30 1,389,163,124 261,965,000 Stock Loan Bates. r-Ecnr. njsr.Mi'H to the enquires. New York, June 2 Following stocks loaned at a premium: United States Steel common and Superheater, 1-16 premium, Eastman Kodak, premium; Bethlehem Steel, J.

I. Case, Rock Island, du Pont, 111. Central common and preferred, Royal Dutch, Southern Pacific, Southern Railway, Union Pacific, United States Steel preferred, Western Union and Wheeling Lake Erie common and preferred, 1-32 premium; California Packing, Coca-Cola, Crucible, Detroit Edison, Louisville Nashville, National Lead and St. Louis-San Francisco, 1-64 premium; N. Y.

Central, Utility Power Light and Westinghouse, 1-28 premium. Following stocks loaned flat: Air Reduction, Allis Chalmers, Allied Chemical, American Brown Boveri, American Can, American Water Works, American Woolen common and preferred, Anaconda, Atchison, Auburn, B. C. Chicago Pneumatic Tool, Chrysler, Columbia Gas, Consolidated Gas of N. Continental Can, Delaware Hudson, Drug Electric Autolite, Electric Power Light, Erie, Fox Film, General American Tank Car, General Electric, General Motors, Gillette, Goodyear, Houston Oil, International Harvester, International Nickel, Mack Truck.

Montgomery, Nash, National Biscuit, New Haven, North America, Packard, Paramount, Pennsy, Phillips Pete, P. Public Service of N. Pullman, Radio, Real Silk, Republic Steel, Standard Gas, Studebaker, Standard Oil of N. Transamerica, United Aircraft, United Corporation, United Fruit, United States Pipe, Vanadium. II 82 I 97 I 99 I 92 I 98141 83 I 66 I 84 I 99! 91 98 S2 62 83 99 I I I i i 1 1 1 1 105: 107 102! 32 I 101 1 79 I 69! 26 1 40 I 79! 55 I 110 I 107l 104 I 101 i 101 I 92 I 96 I 99 I 93! 109 '4 I 102l 87 I 80 I 10314! 102 I 105 I 98 I .16 I 77 i .19 I 103 I 107 i 101 I 91 I 89 107 I .12 I 84 I 68 I 105 I 98 I 75 I 771il 107 101 32 101 79 69 2h 40 79 5.1 110 107 101 101 Hit 92 95 99 93' 1 109 102 86 80 103 102 105 9S .16 75 .15 103 107 101 91 89 107 50 84 11 68 10,1 98 75 75 91 75 I 41 68141 2i 106 I 5.

94 I 67 I 25 I 40 I 79' 55 I 110 I 1071 102! 100 1 100 90 I 95 I 99 I 93111 109 102; 86 I 79 I 103! 102 I 105 I 98111 68 I 75 I 55 I 103 I 107 I 100 I 91 I 88 I 107 I 50 I 84 14 68 I 105l 98 I 7.1 I 75 I 92 I II II II 51 121 II HI 31 191 131 11! 23 II 61 75', 68 106 93 91 90 8 phone debenture 5Vis and collateral 5s, Atchison general 4s, Buffalo General Electric Series 4s, Detroit Edison Series 4s, Louisville Quotations by Associated Press. r-ac Gas Lire 5s '42 Pac ft rfg 5s '52 Pan-Am Tr 6s '34 Do 6s '40 Paramnt Bay 5s '51 Para Fam Lanky 6s '47 Paramount Publbc 6s 50 Parmalee Trans cv 6s '44 Park Lex 6s '53 Pathe Ex 7s '37 ww Penn Dlx 6s '41 A Tenn gold 6 lis '36 Do gen 5s '68 Do 5s '64 Do 4s '63 Do gen 4s '65 Do 4i '70 Do 4Vis '81 Do 4s '48 Do 3s '44 Peo ft of Chi 5s '47 Peo A Pek Ry 0s '74 Pere Marq rfg 5s '53 Do 4s '80 Piiil Bal ft Wash 4s '77 l'hlla Co '67 Phil Elec 4s 'ti7 Do 4s '71 Phil Read ft I 6a '49 Do 5s '73 Phillips Pet 5s '39 Pierce Oil fis '31 PCCC ft SI, os '75 PCCO ft St 4 Vis '77 Pocah Con Coll 5s '57 Portland Oen El 414s '60 Ry Lt ft 71is '46 Postal Tel ft Cub 5s '53 Pressed Stl Car 5s '33 Prov 6cc 4s '67 Pub Ser El ft 4V.s '67 Io 4s '71 Pure Oil 6Vis '37 Do 5s '40 Purity Bak 5s '48 Rending grn HA '97 A Rem Rand 5s '47 Rep Ir ft St 5V a 3 Do sf 5s '40 Revere Cop ft Bras 3s '48 Richfield Oil Cal '44 Rio Grd So 4s '40 Roch ft 4V4s '77 St Jos Lead Vi '41 St I ft 4s I. div '33. 92 I 90 I 97141 i 10 63 I 106 94 I 92 I 90 97 106 I 96 I 80 i I 90 96 Good Hope 7s '45 Graz 8s '54 Gt Con El Jap 7s '44 Do 6 'is '50 Greek 7s '64 Do 6s '68 llansa 8 Line 6s '39 ww Kelsinglors 6s '60 Hungary 71is '44 Hung Munic 7.s '45 Ilseder Steel 6s '48 Irish Free St 6s '60 Ital Cr Com 7s '37 A Jtal Cr Con, 7s '17 Ital Pub mil 7s- '52 naly 7s Japan 6'ls '54 Do 514s Jugoslavia Bank 7s '57 Kars'adt 6s '43 Kreuger ft Toll 5s '59 ww Leipzig sfg 7s '47 Lombard Kl 7s 52 ww Do 7s '52 xw Low Alt Prov 7s '30 Pow 61is '44 Medellin Munlc 6s '54 Meridion Ll 7s '57 Mej. 10 gld 4s asst sm '45 Do 4s 1904 Miag 7s '5S ft.lan City 6s '52 26i 201! 44' 38; 281 13, 38, 51 106l 105 96 I 96 80 I 78 60 1 60 90 I 90 I Sales I I Thou.

I I I High. I Low. I Last. Sales 1 1 1 Thoii.i High. 1 Low 1 Last.

BONOS. .1 88 14 1 86 I 86 86 84 57. New York, June 2 (US) The urge to sell still dominated today's stock 'market; yet despite a further in-' crease in volume to well above ,3.000,000 shares the net losses were modest, especially when contrasted with yesterday's vicious declines. There is little incentive for saying, however, that anxiety to liquidate any less than on the previous The indisputable fact, nevertheless, was the appearance of an 'increasing buying demand which for most stocks was sufficient to bring bout modest rallies during the day. iThe close represented small improve-Iment over the lowest levels of the With no occasion for finding cheer 'from developments disclosed during the session, the market obviously de-pended solely upon its technical position for even the buying on reactions which did appear.

Bankers Hold Meeting. Tension was little relieved by the continued nervousness inducing stories which culminated in the definite declaration that a bankers' meeting was being held at the house of "Morgan. The incentive for this gathering was declared to be the great not of small but of important and large stockholders, who were dumping securities overboard re-; gardless of price. That such selling has been taking place is quite obvious from the persistence of the down trend. Short 1 selling has played only a small role i in the recent weakness, many of the largest bears having retired from the market temporarily at least.

The market at times presented a most ragged and discouraging pic- ture, but final average prices were down about a point in the principal groups. Many specialties, however, were down much more sharply. How much further time may be required to complete the current liquidating phase no one in authority is willing to guess, but there is general agree-Iment that a sudden and sizeable rally may occur at any time, particularly if some unexpected cheering news developed. The weekly freight-loadings report by the railroads may furnish considerable cheer, since the increase is substantially greater than expectations, which, as a matter of fact, had prepared the market for a decrease of several thousand cars. Likewise, the current gain is larger than the corresponging week-to-week increases for either 1930 or 1929.

Rail Crisis Pressing. The railroad problem plainly is fundamental in character, involving as it does the very credit of the carriers, but the very crisis through which the roads are now passing must of necessity bring heroic attempts to correct the situation pending expansion in volume of traffic. Unless relief is afforded it is difficult to see how some of the systems can avoid receivership. Copper was sold as low as S'l cents a pound, and predictions were made that a price under 8 cents will be witnessed unless the intense competition of the leading copper producers is ended. To date the big producers have shown little desire to terminate the costly competition, despite the fact that the metal is selling well under cost of production.

Announcement was made after the market had closed that the Govern-J ment will not appeal the proposed Standard Oil of New York-Vacuum Oil merger. This decision by the Government is of paramount impor-J tance to the oil Industry, but any at-I tempt by the cecurities market to capitalize it for immediate possibili-' ties may prove ill-founded. I New Terms Indicated. For one thing, the three-for-one ex- change terms of the New York- Vacuum deal obviously must be al- tered by reason of their current quo- tations, Secondly, the chaos now existing in the oil industry will make difficult the arrangement of any fi-- nancing necessary to consolidation. That the Government's attitude toward the Standard Oil-Vacuum merger proposals may represent a change of front in the Department of represented the chief to the market.

It removes, for the greater part of the oil industry at least, the constant threat of governmental interference with major "mergers. That the disinclination of -the Government to carry its appeal further will result in immediate huge Columbus Gas 5s '32 Columbus Ry 4 4 Vis Commerl Credit 6s Do 5s '35 84 I 97' I 97 I 97 79 84 I 97! 79 I 43 I 121 21 271 II II II 46! 51 211 SOI 43 .1 2 11 21, 11 98 13! 100 I 4 1 100) 5 96 I 781 99 I 5 29 I 136 101 I 13 106 11 106! I '49. '50 '51 wi. 43 I 99! 4 I 5 I Com'l Inv Tr 6s Con Coal of Md 5s Con Gas 4s Do 5s '45 Consumers Pow 5s 41. 5 ...1 92 66-41 52...

94 I I 5 I 67 I 86 I 98 I 57 I I I Container Corp 6s 98141 100 100 I 96 I 98 I 26 101 I 106 I 106 I 51 I 21 I 90 I S3 Ml 60 I 38 I 73 I 50 I 5 I 104 14 i 2 1 52 67 86 981 57 100 84HI 98 I 68, 3' 11 4, 100 'Montecat A A 7s '37 ww II 21 I 90 I 57 I 104l 83 II II 61 151 Montevideo 6s 59 Netherlands 6s '72 New South Wales 5s '57 Do '58 Nord Rv sf '60 69 I 76 I 92 I 75 I 28 I 214! 60 99 I 57141 52 I 52 I 9014 1 101 103 I 75 I 99 I 77141 97 I 85 I 82 I 10 102 I 103 I 110141 106 I 107 I 108 I 127 I 99 10314 I 57 I 60 I 59 I 70 I 111I 104 I 104 40 42 41 I 42 106141 106 66 I 74 I 92141 75 I 27 I 21, 1 102; 42 I 42 I 12 Do ss '43 Crown Cork A Seal 6s Crown Will 6s '51 Crown Zellerbach 63 '40 ww Cuba North Rys 5s Cuba 7s '38 ww Do 5s '52 Cub Cane Prod 6s '50 Cuyamel Fruit gs "40 31 38 I 211 74141 106l 27; 100 I 58 HI 56141 54 I 90141 lOll 1031i 76 I 100 I 77Vi 98 I 86V4I 82141 10 I 1021i 103 I 110 I 106! 108 I 108 I 127 I 100 I 104 I 59V4I 62 I 60 I 70 I 112 '4 1 100 I 96 I 87 52 I 99 57 52 52 90 101 103 75 99 77 97 86 82 10V4 102 103 110 106 107 108 127 100 103 57 62 59 70 112 Vi lu0 96 87 52 li 101 80 79 79 54 22 13 71 II 10 II 451 71 II 461 251 11 21 71 61 117 311 201 791 31 12i 51 31 121 211 II 341 351 19 3i 61 51 102l 81 103 I 102 102 27 6 Gr Llcy.l 63 '47 1 Norway 6s '52 1 Do 6s '44 1 10! 104 I I I 95 I 13: 1C6 106HI 108 15 106 106! 106 BUNU. Abraham Straus a'is Alleghany Corp 5s '44 Do 5s '49 Do 5s '5) Alleghany ft West 4s '98. Allis Chal 5s 37 Am Agr Cnem T.m '41 Am Foreign 5s 2030 Am Chain Gs '33 Am Ice 5s '53 Am I Chem 5Vis '49. Am Internat'l 5Vis '49 Am Metal '34 Am Nat Gas 6Vis '42 Am Smelting 5s '47 Am Sugar Ref 6s '37 Am Til Tel 5Vis '43 Do col 5s '46 Do sf 5s '60 Do 5s '65 Do cvt 4 Vis '39 Am Typ Fdra 6s '40 Am Elec 6s '75. Am Writing Pap 6s '47 Ang Chil Nitrate 7s '45 Arm Co Del '43.

Do r'est ia '39 A ft cvt 4V 48 Do gen 4s '95 Do adj 4o st '95 A L-L ft col 4s '52 Atl Gulf I 5s '59 Atl Rcfin deo 5s '37 Bait rfg 6s '95 Do rfg 5s '95 Do 5s 2000 Do cvt 4 Vis '33 Do ct 4Vis '60 Do gold 4s '48 Do 4s A Va 96 88 99 103 103 103 12! Do 6s '13 Do 5s '65 Do '83 Nor Mun fik 5s '67 '31 9 1 106 121 98 II 103 St Louis Southern 4s 8t ft Pac 5s 71 11 1011-41 101 I 101 100 I 100 I 100 '55 91 Del Hud '37 Do rfg 4s '43 Den ft El 5s stp '51. ft West gn 5s '55. Do rfg 5s 78.... Det Ed col 5s 33 Do 6s '49 A Do 4s '61 ,1 98 I 78 I 105 97 103 45 65 104 107 104 99 85 59 99 I 21 47 I 3 65 I 51 104 I 11 17 21! 105 I 34 99 78 99 I 93 I 103-! 78 99 93 103 98 92 I 11 22 171 151 71 61141 BS 62 I 41 I 63 I 72 I 67 I 86 I 100 92 I 108 I 103141 Det Unit Rys 4s 98 Til 98 103 100 95 87 52 '40 uoage Bros deb Nor'weg liyd El 5s '57 I Ontario Pow 53 V0 Orient Dev Ltl 6s '53 1 Do 53 '68 1 Oslo City 6s 1 Oslo ft Wks 5s '63 Panama 5113 '53 1 Par-Lyonu Med 7s '58 1 Do 6s '38 Perr.amhueo 7s '47 1 Peru 7.1 '59 1 Do 1st ib '60 1 Do 2nd 6s 1961 1 103 106' 42. Dold Jacob Pkg 6s 106 103 I 107 I 104! 88 I 99 .10 I 98 I 59 I 40 I 50 72 I 65 I 85 I 100 I 92 I 108 1H 60 I 70 I 10 I 9l 23 I 70 I 79 I 64 I 64 I 8111 11 101! 101 104 104 16 I 16 20 85 21 59 12! 105 10! 101 701 69 I I 17 'i 25 5 105 Vi I 101 I 67 I 66 I 16 I 16l Duquesne Lt 4s '67 Kqult Gas Ss '32 Erie rf ft imp 5s '67 Do 5s '75 Do 1st cn pr In 's 'P6.

Do gen lien 4s '96 Erie Genes sf 6s '57. Erie ft Jer 1st sf 6s '55. 10! 31 I 53! 17 I 39! 17V4I 11 1014,1 85! 76 81 7 II 131 II 51 I 91 II 301 31 II 51 871 581 II 21 61 II 51 2) II 21 51 51 31 351 20 311 201 II 28! Ill 211 31 Ill 31 11 II 4i 81 44 1531 41 4 5i 18, 17 17 101 765 86 I 98i4 100 100 96 98 29 10114 106 106 51 21 90 83 60 38 7314 50 5 104 14 106 97 103K, 45 65 104 107 104 99 85 59 105 101 67 66 87 70 110 112 73 86 98 65 102 102 93 84 2.1 or, 54 8.1 87 101 113 108 108 301 08 97 200 81 95 43 90 57 98 102 101 101 74 71 74 I 70 110 112 74 66 30 41 65 I Pirelli 7s '52 Poland 8s '50 Do 7s '47 Do 6s '40 Forto Aleg S3 '61 Prague 7 lis '32 Pr.ssia 6s '52 Do 6s '51 St gen 6s '31 Do In fis '50 Do 4s '78 Do In 4s '50 A St SW 1st 4s '89 Do con 4s '32 St Sh LI 4s '41 St ft con 4s '33 A A A Pass 1st 4s '43 San Ant Pub Bar '52 Schulco 614s ctf '46 A Do 6j '46 Seab A con 4s '45 Do ct 6s '45 Do gold 4s '50 stp Sharon St Hoop 5s '48 Shell Pipe Line 5s '52 Shell Un fls '47 Do 5s '49 ww Shubcrt Thea fis '42 Pl.csian Am col 7s '41 Sine Oil col 7a '37 Sine Con Oil 8 Vis '38 Sine Cr Oil 5a '38 Sine Pipe Line 5s '42. Skelly Oil 5s '39 Smith Corp 6s '3 Solvay Am 5s '42 80 Bell ft 5s 41 So Col Power 6s '47 South ft North Ala 5s '63 Sou Pac cvt 5s '34 Do 4'is '68 Do 41is '69 vw Do 4s '81 Do MB 4s '55 371 69 I 81 88 I 17l 71 I 3 110l 71 112 I 21 73 I 88! 10' 98 I 65 I 201 103141 9' 103 30 103 71 107 100 I 100 98 I 86 I 97 97 I 103 I 84 14 I 91 109 I 98 I 103 I 103 I 97 li I 97 I 106 I 101 I 73 86 6.1 66 7.1 92 7.1 28 2 102 9.1 88 99 50 98 62 41 53 72 6.1 86 100 92 108 60 70 10 9 23 7n 80 65 65 8 65 85 78 102 100 42 102 95 105 102 110 103 90 88 87 95 92 98 96 104 100 10614 76 89 103 97 50 89 106 102 96 90 87 32 78 I 83! 13: 11 24! 7 10! 19! 11 10! 83 78 70 107 14 1 101 1i lOOlil 99 87 I 97 I 98 I 103 I 84V4I 92141 109-i, I 98 14 1 103 I 103 'A I 97 Vi I 97 I 106 101 14 1 90141 121141 111141 105V4I 10614! 74 102 I 21 1 411 7i 361 891 16l 41 22! 14, 501 ll 21 91 7i 51 41 79 71 21 101 171 21 41 1 107 100 100 98 87 97 98 103 84 l'i 9214 109 98 103 103 97 97 108 101 90 121 .111 105 106 74 102 93 103 74 78 70 52 79 64 93 80 66 Vi 30 103 74 78 70 56 81 65 95 80 78 73 52 I 79 93 64 I 102 100 42 102 95 Queensld 7s '41 1 Do 6s '7 1 Rhinelbe 73 '46 xw Rhine Ruhr Water 6s '53 Rhine West ph. 7a '50 Do 0s '52 1 Do 6s '53 ww Do 6s '55 Rio de Jan 8s '46 1 84 37! 29 I Do 5s 8 div '50 Dj 4s div '59 BekMng Hemway 6s '36 Bell Pa 1st ft rfg 5s Beneficial Ind Loan 6s '46 Beth Steel rfg 5s '42 Do 5s '36 Boston ft Maine 5s Do 5s '55 (cash) Bklyn Edi gcr.

5s '49 A Bklyn Man Trans 6a '69. Bklyn Un El 1st 5s '50 Eklyn Union Gas 6s '47 Do 1st 5s '45 Do 5i '5o Bui Gen Elec 4 5 '81 Buf Ko ft cor. 4 Vis '57 Bur ft No col 5s '34 Eush Term Bldg 5s 'to By Prod Coke 5Vis '45 60l 70 I 10 I 9 I 25 I 70 I 80 I 6.1 i 85 I 9 I 65 I 88 I 79 I 102 I 100 I 43 I 102 95 I 105 I 102 I 110 I 103 I 90 I 89141 881,1 96 I 92 I 98 I 96 I 105 I 100 I 106 I 77 I 89 I 103 HI S6 13 21 '5 I 95 I 78 I 74 72 45 22 45 74 73 45 25 46 I Gannett Co As '43 Gen Am Invest 5s '52 Gen Bak 5s '40 Gen Cable 5s '47 Gen Motor Accept 6s Gen Petrol 5s '40 Gen Pub Serv 5s '39 Gen Steel Cast 5s '49 Gen Theaters Equip 6s '40. Ga Car Nor 6s '34 Goodrich 63 '47 Do 6s '45 Goodyr 5s '57 Goth Silk Hos 6s '36 Grd Ray ft Ind 4s Gr Tk Ry Can 7s '40 Do 6s '36 Gt North Ry 7s '36 A Do 5s '52 Do gen 5s '73 Do gen 4 'As 76 Do 4s '77 3 Do 1st rfg 414 '61 Gulf ft 5s 50 54 I 86', I 28! I 97141 65 I 102! 102 I 93 I 84 I 25 I 86 I 9.1 I 53 I 85 I 87 I 101 I 113 I 108 I 108 I 107 I 101 I 98 I 97 I 100 I 84 I 87 I 90 I 121 I 111I 105! 106 I 74 I 102 I 99 I I ,1 45 29 22 7: 721 5' 521 29 I 22 I 84 I 45 I 29 I 23 I S6 I 105, 88l 74 I 86 93 I 99 I Dow Jones Averages. Thirty Industrials High, 126.20; low, 119.89; last, 121.70; change, off 1.07.

Twenty Railroads High, 68.99; low, 66.24; last, 66.85; change, off 1.09. Twenty Utilities High, 51.16; low, 48.94; last, 49.63; change, off 0.45. Forty Bonds (Closing), 93.74; off 0.38. Comments By Brokers. Westheimer In mo-t instpr.ce'? tha gains scored yesterday morning were lust in afternoon, the close proving to he highly irregular and generally lower.

The market failed to provide a genuine selling clirr.a::. but we gather from competent observers that necessitous liquidation met with a strom; character of scale buying. An irregular opening is this morning. Dominick Many believe that the stock market will not make much headway on the upward side until liquidation In commodities is completed. The fact that most stocks showed losses for the day will probably necessitate additional marginal selling today, although many pivotal stocks are at such low points that stubborn resistance appears likely.

Hutton For the first time months there was noticeable a good class buying in stocks. Market observers see In the recent decline and volume of liquidation signs of a termination of the unrelenting pressure. Dyer-Hudson The market's general behavior did not differ much from its previous actions following periods of heavy It has yet to prove Itself by a period of stabilization. Gibson ft Bernard Further weakness In special issues will probably continue, but soma attempts to rally the general iist should b5 made in the next few days. 104 I 104 Do col tr 4s '49.

99 89 I I 77. Do 4s Ore Ln Do 6 3 '53 Rio Gr do Sul 8s Do 73 '60 Do 6s 'u8 Rome 3 '52 Rotterdam 6s '64 Royal Dutch 4s '45 Rumania Inst 7s '59 Salvador 8s '48 Sao Paulo City 8s '52 Sao Paulo St 8s '50 Do 8s '38 Do 7s '56 Do 7s '40 Do 6s '68 21 88 I 88 74 74 101 I 101 89 I '50. Do Fr Ter 4s 14l 101 I 105l 102! 110 I 103 I 90 I 88 88 I 95 I 92 I 98 I 98 104 I 100 I 106 I 76 I 89141 103 97 I 50 I 89 I 106 102 I II 101! 6 113 I 4' 108111 21! 109 V. I 108'i 81 104 I 4 98 I 15: 97 I 2' 100 I 23! 85! I I 95 I II 43 I 31 90 South Ry gen 6V4 '56. 39 39 I 39 25 40 30 31 I 40 I 30 I 65HI al Pet SVis 38 Can Nat Ry 5s '70 Do 4V.s '54 Do '57 Do 4 lis '68 Do 4s '55 Do 5s '69 July.

Do 5s '69 October. Do 8 7s '40 Do deb 614s '48 Do 4V.S '35 81 271 221 971 541 21 I 25 I 39 I 30 I 65 24141 61 I 80 I 68 82 I 791,1 Sante Fe Arg 7s '42 1 98 I 50! 89 I 65 24 61 80 68 84 79 57 Sax Pub Wks 7s '45 Do 6Vis '51 1 Harlini Rlv ft 4s '54 Hoe ft Co 6 lis '34 Houston OH Texas 5s '40 Hudson Coal 5s '62 A Hud ft Man rfg 5s '57 A Do adj Inc 5s '57 Hum Oil Ref 51is '32 Do 5s '37 24 69 74 80 70 84 79 107 891 43 I 89 I 56 I 98 i 76 I 102l 101 I 10! 2: 31 17 31 101 91 21 11 121 151 101 91 131 71 51 77 15! I I Can Pac 5s '44 Saxon St Mtg 1 7s '45 Do 3s '46 Seine 7s '42 121 VI2 I 107 107 31 101 I Serbs Cts Slov 8s '62 1 84 I I I 84 I 78 I 89 I 91 I 54 I 96 I 90 I 87 I 31! 50111 89! 76 I 88111 91 I Do 5s '54 Do 4 Vis '48 Do 4 'is '60 Do deb 4s perp Central Foundry as '31 Cent of Ga 5Vi3 '53 Cinl New Eng 4s '61 Puc ss '60 S4 i 76 89 91 54 65 50 89 106 I 108 I 71 I 85 1 73-41 00 I 103 I 54 I 65 I 65 I 106 HI 2 106 I 91 73 I 51 85 I 211 75 I 32! 90 I 71 103 I li IOO14I If 102 I Do gen 6s '58 Do con 5s '94 Do gn 4s '56 Do 4s St '51 St Oil deb 5s '46 Do 4s '51 Stevens Hotel 6a '45 Tenn Cop hem 6s '44 Tenn El Pr rfg 6r 47 A of St I. 1st 4s '39. Texark Ft Sm 5s 50 A Tex Cotp 5s cvt '44 Tex Pac os '79 Third Ave adj 5s '60 Do rfg 4s '60 Trumbull Stl fis '40 In El 5Vis '84 Do ba '32 Union Oil Cal 6s '42 Do 5s '35 Un Pac 1st 5s 2008 Do 1st 4s '47 Do gold 4s '68 Do rfg 4s 2008 Unit Bis of Am 6s '42 Unit Drug Del 5s '53 Un Rys of St 4s '34 8 Rub 5s '47 Utah Lt ft Trac 5 '44 Utah Pow ft Lt 6s '44 Utilities Power A Lt 5s '47 Do os '5J ww 11 107 '4 1 107 107 87 Cent of 5s Do 7s '62 1 Shinyetsu El '52 1 Siemens ft Hal 6 '-Is '51 1 Silesia Prov 7s '58 1 Silesian Ld Assn 6s '47 1 Soissor.s 6s '3A I Sweden 5s '64 1 Swiss 5s '46 1 Toho El Pow 7s '55 Do 6s '32 I Tokvo City 5s '61 1 Tokyo El Lt 6s '53 1 Trondhjem 5 Vis '57 Tyrol Hy El Pow 7s '55 1 Do 7s '52 1 Central Steel 11 Certain-teed b'js i Com 5S '47 107 I 102 I 98 I 91 I 87 I 32 I 51 I 89 I 104! 102 I 103 I 98l 111 I 100 I 94 I 97 I 104 i 100 I 40 I 65 I loom 103 I 69 I 181 II II 2561 471 HI 3. II 21 29! 7' 2: 81' 32! 4 71 12! 22! 16i 94 104 104 104 106 I 105 I 1051, 100l 100 100 100 1 100 ion 94 I 94 I 94 84 I 83 I 83 99Vj 99 99 94 I 93 I 93 111 4i 361 451 4' 41 Cites His '92 93 I 90! 104 Vi I 1(12 I 103 I 98! 110i 100 I 93 I 97 104 I 98 I 40 I 64 I 100 I 102 I 131 81 131 161 12; 31 Hi 61 181 301 2 1 3i 221 21 10 65 1 2 18i 3 201 561 II as; 190! 150i 4 551 351 12 32; 5 98 II' li 6 37 12 15 1' 104 102 103 98 110 100 94 97 104 98 40 64 100 102 68 59 15' 41 3i 311 851 5 1 21 Do rig 4V2S vo a Do rfg 4 lis '95 ft rig os '71 A Do gen 4s '58 Do 4s III div '49 Chic III 5s '51 I 92 I 91 VI! 91 31 101 JOl'il t01 100 4 I 100 I 100 106 106 85 75 90 10.V'.

100 94 92 90 55 64H 64 9S (.5 47 72 72 68 87 901: 76 42 62 .19 83 14 71 70 70 55! 65 I 65 I 98 I 65 I 47 I 72 I 107 I 102 i 101141 101 'j I 103); i lot, I 106 'i I 112'UI 120 I 103l 106141 103l 99 I 99! 87 I 65 I 86 I 87 I 101 I 114 I 102 I 3-jTb i 89141 106 Vn 101 Vj i 100! 109 I 99; 100 I 32 I 59 90; 82 51 16 108 I 107 I 67 I 87! 76141 62141 68 I 88 Vi 87' 116l 104 104 I 891,1 85V4I 98 1 104 "i 96 I 90 I 106 I 54 i 80 I 100 HI 96 14 1 89 I 107, 102 I 101 li I 101 I 103 106--1I 106 I 112! 120 I 103 I 106 "i I 103 I 98 I 99 85! 62 I 86 I 87 I 99 114 I 102, 35 I 88 105: 101 I 100 i 109! 99' 997'sl 31 I 58 I 90! 81 I 50 I 15 I 107; 107 I 66 I 87 1 76 Vi! 61 67 i 86V4I '4 114! 104; 103 1 89 82 i 97 I 104 'ii I 96 i 90 I 93 I 1H6! 53 I 80 99 1 96il 95l 94, Ujigawa El Po 7s '45 8 Copenh 6s '37 Un Stl Burbach 7s '51 Un Stl Wks 6s '51 A Do 6s '47 A 201 105 I 104 104 107 102 101 101 103 106 106 112 120 103 10614 103 99 99 85 62 86 87 99 ii 114 102 3D 89 106 101 1,10 109 99 100 31 59 90 81 50 15 107 107 66 87 76 1 i 61 68 87 8V 114 10', 103 89 82 98 101 96 90 93 53 80 99 98 98 95 70 ro'( Chic Gt Western 4s SM ft ST gen 4Vis 70 I 31 '89 100 I 102 I 94 I 92 I 90 55 1 64 ,1 4i', I 98 I 65 47 72 I 71 I 68 I 88111 90 76 I 42 I 62 I 59 I 83 '4 I 71 I 70 I 70 I I 87 91 72 I 141 70'il 81 89 I 10 67 I 70 I 11 75 I 31 lOOHl 68 I 59 I 60 I 24 91 3 3 3 104 Vr Pae 4Vxs ad '34. Va Ry ft Pow 5s '34 103l 104 51 Illinois Kell Tel Os '56 Illinois Cent 6s '36 Do 4s '66 Do 4s '52 Do coi tr 4s '53 Do ft rfg 5s '63 A 111 8teel deb '40 Indiana Nat Gas 5s Ind Un Ry gen 5s '65 A Inland fit '78 A Do His '81 Inlerb Transit 7s '32 Do 6s '32 Do rfg 5s '66 Do rfg 5s '66 tta Int Agric col 5s '32 Do 5s '42 stp Int Gt Nor ad) 6s '52 Do 5s '56 Do 5s '58 Int Hvdro Elec 6s '44 Int Match 5s '47 Do cv 5s '41 Int Mer Mar sf 6s '41 tnt Paper rfg fls '55 A Do cvt 5s '47 Int Rys A '47 Int cvt 4s '3) Do deb 5s '55 Investors Imj 5s '47 A Do 5s '48 xw Ft 4 "36 Pow ft Lt 4 vis '57 Do 4 'is '61 Southern rfg 5s "50 Term 1st 4s '60 Kansas Gas ft El '80 Kmdall 5'is '48 A war Key ft Ind Term 4s '61 Keystone Tel 5s '35 Kings Co Elev 4s '49 Kresge Found 6s 38 Lae Ga ft I. '53 Do 1st 5s '34 8 ft 8 gen 3s '97 Lautaro Nitrate 8s '54 111 II 79 I 42 I 62 I 67 70 75 100 90 79 61 60 100 86 "3 99 67l 70 I 75 I 100 i 911: 76 581 58 I 100 I 8 I 53 1 63 Stocks In Spotlight Do 6s '51 I Unterelbe ft 6s '5J I Upper Aust 7s '45 1 Do 6s '57 1 Uruguay 8s '46 Do 6s '60 Do 6s '64 1 Veretlan Pr Bk 7s '52 1 Vienna Ci'y 6s '52 I Warsaw City 7s '58 1 Westph Un El Pow 6s '53 1 Yokohama 6s '61 1 2' 90 79 61 60 100 41' 87 17' 53 2' 59 I Wabash 1st 5s '39 Do 5s '76 a Do 4V.5 '78 261 84 I WOULD HALT STOCK SALE. Cleveland, Ohio, June 2 (AP) Suit to forestall an alleged plan of the Lake Erie Power Light Co. to issue and sell below actual value an increased amount of its common stock, was filed in Federal Court here today by the Fidelity Mutual Life Insurance Company, holder of $25,000 worth of bonds of the Lake Shore Electric Railway Company, parent of the power and light firm.

According to the suit, the powei and light company planned to increase its 5,000 common shares to 16,000 and sell the additional amount to the Cities Service Company, at $100 each, whereas the trust value would be $500. The Cities Service Company was said to be in control of both electric companies, and the petition alleged the stock sale would be injurious to other creditors. 311 74 101 xw. 101 I 2: 56 I 4' 67 I II 53 I 43 I 2: 36 I li 42! 3 104! Walworth 6s '35 Do 6s '45 70 I 70! 3: 18' 63 24! 99 Warner Bros '39. 39.

Warner Qulnlan fis 87 York, June 1 (AP) Sales, closing prices and net change of the 10 most active stocks today: General Motors. 169.40(1 31 Vi I'. 8. Steel 107,000 83 VM UNITED "STATES" GOVERNMENT BONDS. (Dollars and thirty-seconds.

Sales in Jl.OOO. vo 4S a 8t ft Pac 5s '75 Do ad) 5s 2000 Chic ft eii '38 Do gen 5s '87 iv 4 41 '4 Do gen Is 87 Do en 31is '87 Chicago Railway 5.i 27 Ch I ft cvt 4Vis '60 Do gen 4s '88 Do rfg 4s '34 Chi Un Sta 6H-s '63 Do 4V.s '63 A Ch ft Ind S'-s 62 Do 4s '52 Chile Cop 5s '47 Cinn Gas ft Lie- 4, 68 ft 5t rig 5s '63 Do rfg 4V.s '77 4s '90 Do gen 4s '93 Cleve Un Term 5s '73 Colon Oil 6s '35 Colorado Indus 5s '34 Colo ft So 1st 4Vii '35 Columbia ft 5s '52 Apr. Do 5s '52 May Do 5s '61 14: 106: 102 IS 3 87 I 15' 105 I 10 106 84 I 97! 491 98 'A! 82 31 103.17'H!3.11:10J.12 101 56 87 53 41 34 42 104 10611 82 7 97 74 105 108 103 100 97 100 92 75 102 101 VII 58! 67 I 53 I 41l 31111 42 I 104 106! 82 I 76' 97 I 74 I 105 I 108 I 103 I 100 I 97 I 100 I 92 I 75 i 102 I 98,400 131S, 76.000 I5S' IVi Chrysler Am. T. ft T.

Liberty 31-s '32-47 Do 1st 4s '32-47 Do Uh 4V.5 33-38 Treasury 4s '47 52 Do 4s '44-54 Do 3s '46-56 Do 3s 1940 43 Do 3s '43-47 Do 3s '41-43 March 1 112 104. 30 im.27 104 64 114.08 113.30 113. 30 109. 18 10.16 160 107.10 107.07 107. 07 400 102 30 102.26 103.26 15 103.01 102.

28 1 103.0) 420 102.30 102.26 102 1 Natl. Dairy Prod 74.900 30 In ted Corp 71.000 18' j. Warn Sug 7a '41 Western Elec 5s '44 West Md 5s '77 A Do 4 '52 ft Penn gen 4c '43 West Pac 1st 5s '48 West Penn Pow ft '46 A Western Union 8s '36 Do col tr 5s '38 Do 5s '51 Western Union Est 4s Do 5s '60 West Shore 1st 4s 2361 Wheel Steel 4 '53 Wh Eagle 514s '37 ww 2 31 51 105 105 81 97 98 .10 93 71 84 101 101 104 85 36 93 I 70 I 84 I 105 I 105''. I 1 97 I 97! 50 I 93 I 74 I 84 I 101 I 101 I 104 I 85 I 35 I 1' 76. ll 97 I 2 74 I 5' 105! 108--, I li 103! 81 101 I 291 97 I 541 100 I 131 92 I 75 I )2i 102 '4 1 Anaconda (4.300 19 20 1 11 1 36: 4 161 2' 41 25, Radio Corp Amer.

Can Alaska Jon 64,360 13 62,600 93' 61,100 18 1 29 1 101 I 111 101141 II 104 I II 85l 32! 36 i Total sale, today. $14,103,000: previous day. 13.472,000: weelc ago. J9.628.000: year ago, $8,005,000: two years go. JIO.OOO; January 1 to date.

Jl.2OO.342.0OO: earn, year ago, same two year ago, The railway company, the petition alleged, is Insolvent and operated at 95 1 a $500,000 loss in 1930..