The Brooklyn Daily Eagle from Brooklyn, New York • Page 16

LEGAL NOTICES 16 BROOKLYN WATERFRONT By FRANK REIL OROOK1WJ EAGLE BROOKLYN BUSINESS MONDAY, JUNE 2, 1941 Activity at Piers Differs Little From Actual War Brazil Trains Cadets Unique Way It did not require President Roosevelt's proclamation of an "unlimited national emergency" to put the Brooklyn waterfront on a war-time basis. Ever alnce hostilities broke out 21 months ago the borough's piers have been operating under conditions that would change little In the event Like Swing or Opera On Your Auto Horn? E. A. Laboratories Run Gamut With Anything From Beep Up Firm in Brooklyn Since 1912 By ALFRED SALERNO If chance has it some day that you are walking in the vicinity ot Myrtle Ave. and Spencer St.

(you see, this is a tip we are giving you) and your ears are assaulted by a cacophony of noise, some discordant, others not, don't run. Continue strolling at a leisurely pace that is, If you were stroll Today's Market 000 square feet of" manufacturing space. Under normal condition about 750 persons are employed. At present the company makes all I Pressing Need Seen for More Subcontracting Costs May Go Higher Sperry Co. Led Such Work in Local Field By GEORGE R.

MILLS The enormous burden that the defense program has laid on Amer. lean Industry has become sufficiently apparent In recent months, Virtually all manufacturing facilities of so-called prime producers in the country are being utilized at the full. Even so, it Is becoming increasingly difficult for Industry to fulfill the obligations It must meet. Administration circles have stressed more strongly than ever In the past few weeks the necessity for further extension of subcontracting. This Idea was suggested long ago, but many business executives rejected it, fearing to encourage competitors to establish themselves However, the farming out of orders by the major manufacturers who are already occupied at capacity offers a simple solution of a difficult problem.

It precludes the necessity for costly expenditures for I plant extensions and machinery that might prove burdensome to maintain in less hectic times to come; It permits some attempt at carrying on "business as usual" for civilian requirements, and spreads activity over a wide field, decentralizing to some extent production and the spending of money that comes from defense industry employment. Costs May Be Higher At any rate, in view of the huge amount of orders that have been placed for army and navy account by the Government and the steady Increase in such orders that will be inevitable over coming months, subcontracting will have to be resorted to on a much larger scale than it has been in order to handle all the work that will develop. It is probable that the cost of many items will be higher because of this, since it Is Impossible to expect that the smaller manufacturer can operate on the same basis as a prime contractor. Prime contractors run no danger of orders bogging down for a long time to come and should extend schedules as much as possible. The smaller ing at a leisurely pace, The noise may sound like th blare of numerous horns, and you might Imagine that McNa-mara'a Band was in full descent upon you.

However, It's really nothing like that. It 1 only the hornb in the E. A. Laboratories being tested and the tune you probably heard was "The Campbells Are Coming." In these troubled times when so imich stress is laid upon the armed forces, don't wait to catch rt glimpse of the parade if you hear en army or navy song and you are heading to keep an appointment. There Just Isn't going to be any parade.

Those strains you hear as you pass the corner also emanate from a horn in that white building on the corner. Aufiero Invented Horn The E. A. Laboratories. at 696 Myrtle Ave.

derives Its name from the initials of Emanual Aufiero. founder of the company, who In 1908 Invented the first electrically operated, motor driven horn. The already named tunes are not, the only ones available to musical minded motorists, however. The firm runs the gamut and will give you anything from a plain beep, through swing, boogie-woogie and down to operatic selections. It all boil down to a case of "tooting your own horn." The car owner can have anything he likes In the way of an auto horn by the simple procedure of changing disks in the body of the instrument.

He can out-Stokowskl Stokowski through the use of one finger to get music instead of 10. For those who look with disdain on the ordinary, dignified hoot, and care not for a i that the United States went to war. There is no doubt that America's entrance into the conflict would mean Increased activity, but Brooklyn's waterfront, already busy handling cargoes for Great Britain and other strategic points, could readily absorb its share of the war traffic. As soon as valuable war cargoes turned up on the piers and a greater number of belligerent ships began to call regularly extra guirds were put on such piers to prevent sabotage. Closer scrutiny is paid to those entering and leaving piers, particularly those carrying packages.

Seamen returning to their ships have to be properly Identified. Precautions against sabotage could be no more stringent than they are now. In the last war the port's biggest problem was that of congestion, but this has been reduced to a minimum by an efficient committee set up recently by the railroads and steamship companies, which work together in notifying shippers when to send their freight. Another step taken in the last few weeks was the reduction in free time on piers. Formerly cargoes could remain ten days on a pier before they were Subject to storage fees.

This has been cut In half, thus tending to keep piers clearer for live cargo. As a great portion of Brooklyn's freight Is lightered to and from railroad connections in Manhattan and New Jersey, lighterage could be a serious problem. But the steps already taken have done much to eliminate any congestion caused by inadequate lighterage. There "appears to be plenty of lighters, barges and carfloats, and they are in sufficient numbers to answer the demands that war might make. Already geared for a war In which we are not directly involved, Brooklyn's waterfront is fully prepared to do its part whenever American participation Is deemed necessary.

How Brazil Trains Cadets For many years now one of the best customers of the Bush Terminal piers has been the Lloyd Brasileiro Line. Owned by the government of Brazil, It Is one of the largest steamship companies the Americas. Just before the outbreak of the war it purchased 14 ships from the American Scantlc Line, a Mcore-McCormack subsidiary, at a cost of $3,000,000. Today it would take a sum three or' four times that amount to acquire the same ships, providing they were available. Before the war the company also operated services to Europe but now its activities are limited to Brazil and the United States.

Naturally the large fleet of cargo ships carries big cargoes of coffee northbound and returns with gen- erai cargo. In an effort to build up its mer- chmt marine, the government of Treasury May Have to Discard Financing Plan Tax Revenue Seen Far Below Total Needed For Proper Balance Washington, June 2 Treasury Department now is faced with choice of either asking substantial increase in the $3,500,000 revenue program or of abandoning it objective of financing all expenditures on basis of two-thirds from the tax collections and one-third from borrowings. Over the week end budget director Smith estimated that Federal spending during the 1942 fiscal year, which starts July 1. will total $22,100,000,000, including for defense. The 1942 revenues from existing taxes were placed at $9,400,000,000.

leaving an Indicated deficit of $12,700,000,000 I for the 12 months period. The revised estimates of 1942 expenditures are about $3,000,000,000 more than the $19,000,000,000 the Treasury Department anticipated when it recommended a figure for additional revenue, the Treasury took the position that two-thirds of all expenditures should be covered by tax receipts and that borrowings should be limited to one-third. To achieve this ratio under the new expenditures estimate of it would be necessary to raise about $5,500,000,000 from new and increased taxes. While there has been no statement of policy from tjie Treasury since the new budget estimates were made general belief in informed quarters here is that the administration will not seek to raise its $3,500,000,000 tax program to this extent. The Treasury, however, undoubtedly will use the higher expenditures estimate as major argument in insisting that Congress accept the $3,500,000,000 revenue goal which already has been approved by House Ways and Means Committee, although the committee has not approved the specific tax measures necessary to meet it.

State Gasoline Revenues Up 48 Millions in 1940 Gasoline tax revenue of the States stood at the all-time high of $864,472,000 in 1940, an Increase i of $48,000,000 over the previous year, reports the U. S. Public Roads Administration. New York led all the States with $73,055,000 of gasoline tax revenue, followed by Pennsylvania. California.

Chi-cago. Texas, $47,518,000, i and Illinois. $41,360,000. Net Close Chge. Lo types of horns and diversified auto equipment such as generators, heaters and windshield wipers.

Micy-cle accessories are a product, too. John M. Aufiero is president of the company and the Eagle was told that the company's liberal labor policies can be traced to him. Mr. Aufiero includes among the philanthropies the Park View Hos.

pital. Manhattan; the Jewish Federation of Charities and the Jesuit College In Kansas City. In 1913 Mrs. Aufiero traveled from her native Sturno, Italy, to New York to see her sons Emanuel and John. The latter at that time was attending Pratt Institute here, His enthusiasm for the educational Fystem employed at the school was contagious and John's mother ex- pressed a desire to see a similar institution back in her home town so that the many underprivileged youngsters would be given the same opportunity for enlightenment that American children received.

John started the school in 1932 and it was completed in 1937. The delightful musical strains from the plant were stilled last month, and sour, discordant notes of labor dispute could be heard in their place. Harmony was not marred for long, as after two weeks differences were straightened out. A new contract was signed and everybody was happy, able once again to enjoy a symphony in brass or bronre, or whatever it is that horns are made of. And how does your horn, toot? Get Debenture Payment The protective committee for Kreuger Si Toll Co.

5 percent secured debentures, of which Otis A. Olazebrook Jr. is chairman and Sullivan 4s Cromwell counsel, announced today a distribution aggregating $1,087,751 to holders of its certificates of deposit. Certificate holders are to receive $24.50 per $1,000 deposited debenture which brings the total distributed to about $688 per $1,000. Abraham Straus Appointments Announced Mildred Karen Nelman has Wen appointed manager of direct mail advertising at Abraham Si Straus, it was announced today.

She suc-! ceeds H. W. Peterson, who has re-I signed to become copy writer for the men's store of Jordan Marsh Company. Boston. Marjorie B.

Clark, formerly with Good Housekeeping Magazine and the Celanese Corporation of America, has been appointed fature publicity co-ordinator at the store. set tune, the company offers a con- if whereby the hooter can KreU9er To" Holders New York State Savings League Convention Set Brooklyn Delegates Include Prominent Association Officers John T. Brennan, president, and William D. Lawler, secretary of the Atlantic Savings and Loan Association; Prank A. Jurek, secretary, and Robert L.

Jagockl. director and attorney for the Atlas Savings and Loan Association; William B. Hatfield, president, and Charles W. B. Wardell, treasurer of the Bay Ridge Savings and Loan Association; William H.

Milliken. president of the East Brooklyn Savings and Loan Association: John Barnes, president, and James V. Mahoney, secretary of the Hamilton Federal SavinRS and Loan Association; Arthur K. Knapp, vice president of the Nassau Savings and Loan Association, and Whitfield C. Coates, president of the South Brooklyn Savings and Loan Association, will be delegates of the 54th annual convention of the New York State League of Savings at Saranae Inn, Saranac Lake, N.

June 10 to 13. Over 600 delegates and ladles from all parts of the State will be present. Impressive Program The important part which savings and loan can play In assisting In financing the nation's defense program, as well as the general economic outlook, will form the major portion of the discussions which will take place at this convention. Among the speakers will be Hon. William R.

White, Superintendent of Banks; Hon. Michael P. Walsh, Secretary of State; Nugent Fallon, president of the Federal Home Loan Bank of New York; Francis J. Ludemann, Deputy Superintendent of Banks; Robert E. Albertson, executive vice president of the Savings and Loan Bank of the State of New York; Robert G.

Clarkson, vice president of the Federal Home Loan Bank of New York; Senator Arthur H. Wicks of Kingston; Speaker of the Assembly-Oswald D. Heck of Schenectady; Hon. Fred W. Catlett, member of the Federal Home Loan Bank Beard.

Washington, D. speaking on "Living Orville Poland of the TJ. S. Treasury, on "Financing for A. D.

Theobald of the U. S. Savings and Loan League on "Savings and Loan In a Warring H. V. Roelse, assistant vice president of the Federal Reserve Bank of New York, on "Defense Savings Bonds." Special Activities Three forums will be given the afternoon of June 12 as follows: "Advertising," by George Dock of Doremus New York; "Personnel," by Gardner W.

Taylor, president of the First Federal Savings Loan Association, New York, and "The Economic Outlook," by George L. Bliss, president of the Railroad Federal Savings Si Loan Association, New York. There will be a five-minute speech contest the evening of June 11, to encourage young people In the business to speak before the public, with a valuable cash prize to winner of first place. E. M.

Van Nor-den, the league's vice president and president of the Edison Savings Loan Association of New York) will address the participants and delegates. Robert E. Lee Hill will be the speaker at the annual banquet on Averages Complied oy Dow-Jones INDUSTRIALS 1941 133.59; 1941 Low, 115.30 11 a.m. 115.85 I DI. 1 p.ra.

HUM. ,33 118 00 .2 3 p.m. lit. 09 .33 RAILROADS 1941 High, 29.73; 1941 Low, 26.54 11 a m. is m.

1 p.m. 27 40 .03 27:43 unch. 37.SS-T. ,13 2 p.m. 3 pm.

21.5S1- UTILITIES 1941 High, 20.65; 1941 Low, 16.82 11 a.m. 15 92-r .03 2 p.m. 16 89 .01 11 m. 163( .03 3 pm. p.m.

10.84 .04 xxxflre later editions for closing The slock market developed a firmer tone at the start of a new month today, but tnere was no Increase in the meager volume of trading which has been characteristic lately. Sales at 2 o'clock amounted to only 180,000 shares. Only slight advances were registered throughout the list and in late trading many issues were unchanged fro mthe previous close, Some of the advances scored during the late morning and early afternoon were largely eliminated In the final hour, and at best the market moved within a narrow range throughout. Demand for aviation shares was one of the features of trading, and gains were made In a number of the aircraft comDany shares. Consolidated hit a new 1941 peak, and others showed minor improvement.

Steels also attracted some attention and U. S. Steel was fairly prominent in trading, scoring a fractional gain at the start and later extending it to around a point at times. Bethlehem was up a trifle late in the day, and other steels similarly displayed firmness. Motors were irregular and General Motors equalled its 1941 low before any support developed.

American Telephone sold at 152, up over a point, and other utilities dallied. Oils were mixed and rails not in much demand although holding well most of the time. Else-where there was little change, small fractional advances being the ex tent, and a good many Issues barely cnanging on rne Market derivec, support from the strength i commodity marker t.her heln chart im. prlccs of R1.alns'and fls commodities. Jn the co fc market wu alons The majorltv of snowed chanKe frm Saturday.s clos.

ing a(. start of trad, and subsequent changes we nar. at best LEGAL NOTICES nf CHARLOTTE SERINE, netitioher. f.ir Hih dissolution uf inarriHKP under Hpc. 7-A of the Dumeatir RpUtlnn.a Law, t.

HENRY SERINE, respondent. To HENRY SERINE: Take notice that a petition had heen nri'sented lo 1 li is Court by CHARLOTTE SERINE, your wife, for the rll.a.aoliition of your marrinire on the (rround that you have alwnU'd yourself for five successive years last past without being- known to her to be living that ehe helievi-a you to be dead, end that pursuant to an order of said Court, entered the 22nd day of May, 1941, A ht'arintr will he had upon the raid petition at the said Supreme Court, Special Term, Part in the General Court House, 88-U Sutphln Jamaica, Queens in the Stale of New York, on the 29th dav of July, 1941. at 10:00 o'clock in the forenoon. Dated, May 20th. 1941.

Youre. etc ELIAS BERLINER. Attorney for Petitioner. 144-21 Jamaica Jamaica, L. N.

Y. m28-8t THE IINDERSICNED DOES HEREBY certify that she is now conductlna or transacting business under the name and style of JOHN B. M08ELEY, at 37 Cumberland Street. Borouirh of Brooklyn. In the County of Kinaa.

State of New York, and does further certify that the true and real full name of the person conducting or transacting the said business, with the residence and business address of said person, and the age of any who may be Infants, are as follows: NANNIE S. MOSELEY, residence, 387 Cumberland Street, Brooklyn. N. business address, 387 Cumberland Street. Brooklyn, N.

as successor in interest of said JOHN B. MOSELEY. deceased. m26-4t File No. 21781941.

THE PEOPLE OF THE STATE- OF NEW YORK, by the arace of Ood free and Independent To JEAN octcdootu (imnpc. naTV.npnTH HEINRICH 6STERROTH. IDA OS- TKRROTH, MAGDALBNA OSTErT ROTH, lend crefng: WHEREAS, HAZEL FITZGERALD, who realdea at No. JS9 Wlllnton. New York, and GEORGE! C.

WEBER, who realdea at No. 115-65 304th Street, St. Alban. Borough of Queens, New York, have, presented a petition praying for a de cree that a certain instrument in writ, nit bear data the 80th day of April. 1940, relating to real and personal property, be duly proved as The last will and Testament of ESTELLB KACHENBACH.

lately rillding .1 39 Lafayette Avenue, in the BoroukiS of Brooklyn, City of New York, NOW. THEREFORE, you and ear of you are hereby cited to show rauea winrr our ourruarar.es ourt of Hie County of ns to be held Of Record in Ko the Hall of Records. In the County of Kihas, on the 16th dav June, mil, at 8 80 clock In the fore noon, wny sucn ascrst artouioi sot niaae. J.N TESTIMONY WHEREOF, va have rauaea the seal of our aald Surrogate's Court to be hereunto affile (Seal) WITNESS. Hon.

GEORGB ALBERT WTNGATHl, Surro sate of our said County, at The Borough of Brooklyn. In the said County, the 8ih dav of May. 1941. PERCY T. STAPLBTON, Clerk ot the Surrogate's Court.

ml2-4t File No. 48851941. THE PEOPLE Or. THI STATE OF NEW YORK, by the trace of Ood free and independent To any and all unknown persons whose names or parts of whose names are unknown to petitioner, who are or may claim to be" heirs at law, distributees and next of kin of the decedent MARGARET M. CUNNINGHAM, and their husbands.

wives or widows, any and all persona unknown to petitioner, claiming or who may claim to have an Interest In 7 the Estate of MARGARET M. CUN- "1 NINUHAM. deceased, by, through or under said decedent MARGARET CUNNINGHAM or any of them. Bitrh unknown persons being herein general- ly described. nd being Intended to included in the following- designations, the heirs, devisees, distributees, executors, trustees, sdministralors, creditors, lienors snd grantees of any sue it unknown persons as may he dead, and their husbands, wives or widows, and their heirs, devisees, distributees, legal representatives, creditors, lien- ore.

grsntees. and successors in Interest and their husbands, wives op widows, if any. all of whom or whose names are unknown to petitioner, send greeting: WHEREAS. WILLIAM A ROLL, MATTISON. also known as WILLIAM C.

MATTISON, who resides at US Kighlli Avenue. Brooklyn, N. has presented a petition praying for a decree that a certain instrument in writing bearing date the 26lh day of Sep. temlier, 19:13. relating to real and personal property, be duly proved as the last Will and Teslanient nf MARGARET M.

CUNNINGHAM, lately re-siding at No. 718 Carroll Street, in tha Borough of Brooklyn, City of New York. NOW, THEREFORE, vou and each or you are hereby cited to show cause before our Surrogate's Court of the County of Kings, lo be held in Room i-A. at the Hall of Records. In the) County nf Kings, on the ISth day of June.

1941, at o'clock In the fore-noon, why auch decree should not msde. IN TESTIMONY WHEREOF, we have caused the seal of our said Surrognte Court to be hereunto affixed. (Seal) WITNESS. Hon. GEORGE ALBERT WINGATE.

8arro-gate of our said County, at the Borough of Brooklyn, in the said County, the 9th day of May, 1941. PERCY T. STAPLETON. Clerk of the Surrogate's Court. This citation is served upon you as required by law.

You are not obliged to appear in person. If you fail to appear it will be assumed that you consent to the proceedings, unless you file written objections thereto. You have a right to have an attrney-at-law appear for you. ml2-4t SUPREME COURT, KINGS COUNTT -FREDERICK WftLIAM fainst HANDEL-MAATSCflAPPIJ H. ALBERT TO THE ABOVE NAMED DEFEND- YOU ARE HEREBY SUMMONED to snswer the complaint in this action, nnd to serve a copy of your answer, or.

if the complaint is not served with this summons, to aerve a notice of appearance on the plaintiff 'a attorney within twenty daya after the aervlra of this summons, exclusive of the day of In ease of your failure nntacnr, or answer, Judgment -will be egainst you by default for the, relief demanded in the complaint, i Datd. April 17. 1941. ABRAHAM L. POMERANT2.

Attorney for Plaintiff. Office and P. O. Address. 2M Madison Avenue.

Borough of Manhattan. k. nv oi iew xorg. SUPREME COURT OF THE STATE OF NEW YORK. COUNTY OF KINGS FREDERICK WILLIAM GREENFIELD, plaintiff, against HANDEL-MAATSCHAPPIJ V.

ALBERT de BARY tic CO. N. defend-To HANDEL-MAATSCHAPPIJ H. ALBERT de BARY CO. N.

The foregoing summons is served upon you by publication pursuant to. an order of the Honorable Francis llooley, Justice of the Supreme Court-. of the Stat of New York, dared tha loth day of May, 1941. and filed with the in the office of the Clerk -of the County of Kings, at the Hall of Records. Fulton nnd Joralerrion Streets.

County of Kings, City and State of New York. Dated. New York, May 17th. 1941, ABRAHAM L. PoMERANTZ.

Attorney for Plaintiff. -Offire and P. O. Address. 29S Madison Avenue.

Borough of York City. ml9-8t DISSOLUTION NOTICES STATE OF NEW YORK. DEPART-MENT OF STATE, I DO HEREBY CERTIFY that a certificate of dissolution of EMPIRE REALTY FUNDING CORPORATION has been filed in this department tills day and that it appears therefrom that such corporation has complied with section one hundred and five of the Stock Corporation Law, and that lt is dissolved. GIVEN IN DUPLICATE under mv hand and official seal of the Department of State, at the (Seal) City of Albany, this sixteenth day of May, one thousand nine hundred and forty. F.

WALSH. Secretary of 8lat. By Frank 8. Sharp, Deputy Secretary of State. in2S-2t A8SIGNEE NOTICES SUPREME COURT.

KINGS COUNTY In the1 matter ot the general assignment for the benefit of creditors of HAYDON DRUG SHOP, assignor, to IRVING LEVY, assignee. Please take notice that the undersigned will sell at public auction on Tuesday, June 8. 1941. at 10:30 a.m.. at premises, 1189 Broadway.

Brooklyn, New York, through H. LOUIS HOL-. LANDER, auctioneer, consisting of merchandise and fixtures. IRVING LEVY Assignee. POSES, KATCHER DRISEN, Attorneys for Assignee, 295 Madison Avenue, New York City.

m23je3-2t Iniuranci Corp. turn tutor by composing his own pecial music and then teaching members of the family the necessary scales. That also might be called a musical (auto) biography. Organized in 1912 The E. A.

Laboratories was organized in 1912 at 627 Kent Ave. Manufacturing of auto warning signals was done there. Personnel at the time consisted of 50 employes. As a larger demand for their articles developed the company found expansion necessary and new quarters were sought. The outfit was moved to the Gretsch Building at 60 Broadway, but after a short period of time space there, too, was deemed inadequate.

The company directors decided on a move and authorized construction of their own factory, completed in 1919. on Myrtle Ave. Expansion followed expansion at this location. To the original three stories two more were added in 1925. Two years later another unit consisting of six stories was built adjoining this plant.

The firm today maintains aoproximately Bii7il has Instituled an interesting SUPREME COURT. QUEENS Col'N-uiazu nas lnsruuiea an interesting TY -In the matter the 4 11141 Dividends Salra High Low In Dnilara In 100s High SELECTED STOCKS 5'; 250,000. 4S Marine Mid 23 Martin Ol 1 So 13 Midcnt Pet 31 Mont Ward 2 N- 15S Nat Biscuit 1,60 12S Nat Dairy .80 5S Nat PAL .80 20S Nwpt NWS Sh US NY Central 25 A Btl Pf 24 Ship 1 12 No Amer 1.20A No Amer Avn lVad 54 No. Pacific 1 4S 4'. 4S 5 28 27S 27S 2 15S 15'i US 13 33S 33Va 33S Va 13 4S 4 4' 4 "4 4 15'.

15S IKS 7 12S 13 13 i'a 16 5S 5S SS 15 23S 23S J3S 34 12V. 11S 12S V. 2 35S 35S 33S 44 29 27S 28 a 6 13 12S 13 8 13S 13V. 13S 421 6'4 6S 6S 8S 18S 14 7S 27 40 "4 31S ITS 17S "IS 9S 20 6S Ohio Oil 225b -13S Oliver PTn So. I operator should make valiant efforts to sell his possibilities of sup-J plying defense requirements when-i ever possible.

i In- Brooklyn, the unique Sperry 1 Gyroscpoe Co has pioneered in the subcontracting of defense business, i According to statements lately made by R. E. Gilmor, president of the company, in Washington, some 35 percent of the company's defense business is being subcontracted. This total will be substantially increased within the year, according to Mr. Gillmor's statements, so that the 350,000 man hours of work from subcontractors now received will rise eventually to some 850.000 man hours per month.

Mr. Gillmor explained that if the company had not subcontracted as it has, some $8,000,000 more would have been necessary for plant expenditures than has actually been spent to expand facilities, while a year from now it will represent plant expenditures of around $22,000,000 for greater facilities. Local Contract Total Large 1 It Is estimated that subcontracts for defense work which have been let to Brooklyn manufacturers up until now approximate from to $100,000,000. The figure is somewhat less exact than figures on other defense work that is being done In the borough for obvious reasons. However, it rep-reent a very fair hare of the defense work here.

Something like $250,000,000 in direct defense contract have been let here, aside from the work that Is being done at the Navy Yard, which is at least an equal sum, it not more. Brooklyn is producing for defense more than a third of the entire output of the State of New York for such purpose. May Bond Offerings Best Since January Corporate and municipal bonds publicly offered in New York market during May reached $243,453,000 the largest monthly amount this year except for January, when $256,147,000 bonds were marketed. The April figure was $129,707,171. Indications are that June will produce substantial volume of offerings, but it is doubtful whether the total will approach the May aaggregate unless lt is boosted by the $120,000,000 Columbia Oas and Electric issue which has been in SEC registry for many weeks.

Treasury Statement Washington, June 2 (INS) Treasury balance May 29, Internal revenue, customs receipts, receipts. expenditures, $11,172,365,219. U. S. TREASURY BONDS (In Dollar! and Thirl y-Seeond of Dollar) Be let BONDS rr i8-4.

Tr 2e BO-SB Tr384i59-M Tr aa(S-0. 11.000 Rlth Low Late 3 108 4 106 4 106 4 111.3 1113 1113 2 110.12 110 12 110 12 iii. 3 in i in. a -o- 18 4 8S 19 "1 23 3S US 10S 24 284 41 9S 22', 27S 9 8S 19S 3 23S as 5 US IS 10. 28 24 12 2SS 24 42 2 10 8 22 39 28 IS 9S 23 2S 11S 10S 24 42 28 9S 28 3S 16 12S 25 35 42S 13S 29 28 10 23S Pac P3 2 2S Packard 10 Pan Am Airways 10 Paramt Pict 22 Penn lb 25S Phelps Dodge 1 35S Willlips Pet 2 9Va Press 8U Car 21S Pub Berv 1.10b 22S Pullman 1 7 Pura Oil Estimated total sales, 1941 Stocks Saiea mh J7 45 '4 MU 7'a 17 34 30 -i, Low in Dollar! In 100s High 35J Air Reduc It 4 39'a St.

Allied Stores 6 251. Allis Chai 4 28 1 1 Am Pwr i'i Am Rid ti SS 38 6', 34 Am Smelt 2 40', 14SV4 Am 10 153 4 Am Water 4 4 'a 22 '4 Anaconda 1 4 Armour 111 23 Armslrons Ck 1 18 Atchison Id '4 Atl Line 31 3 4 14 32 22 26 4 'a 23 4 2Ta IBS 20S 3S JO's Atl Refinint: 1-2 Aviation Corp SS 37 89' 18S 20'e 6S 14S 7 7S Barnsdall .60 32S Bendix Avn 2b 88 Beth Steel 3b 12S Boeing Air 18S Borden 5SBklyn-Mn Trio tl aa SS Budd Wlieel 2 12 7 19 I 34S 69S MS 18S 4V'4 10 44 '4 1V 72 38S 4', 31 37'4 II 30' 1 30S 23S es 14 40' V. 47 IS as 1 Can Pacific Celotex la 3 8 6 7 13 32 2 10 4 46 6 83 15 24 2 5 3 9S 36' 4 13S 85 36 2S 23S 34Vi Ohei tc Ohio 3 9S Chi Pneu loss Chryaler 3b Climax Mol 1.20 2V4Colum Oai 814 Com Credit 3 28 "4 Com Inv Tr 4 8S Com Solvents Comwlth 80 24 Comwlth Ed 90b-22 'a Cons Aircraft 2d-- 17S Cons Ediion 2 5 4 Cons Oil 25b 7S Com Bale A 32 Cont Can lb 2SCont Motors 17S Com OH Del 1 35 Crucible atl 1 Curtis Pub 7SCurtis-Wr SOd 24 3')S 17S 6S 13S 32'. 2 18 4-2BH 3S lev, 28 't 3S 18 28 23 3Va 23 18S 10 28S training program ior raaets. instead of having the young men alned to a schoolship, they re-crive practical experience in steani-fhiu and marine engineering aboard a ngular cargo ship, the Alcgrete, whi.

recently sailed from Pier 6, Bii'h. The Brazilian cadets, spend all their time at sea and do much of the ship's world The afternoon is set aside for study periods conducted by experienced instructors. It estimated that the Alegrete trav els about 30,000 miles annually in carrying cargo between North and South America. Consolidated Pays Cash J. L.

Belnap, president of Consolidated Paper Corporation, stated that directors have definitely decided that Interest on the 5'j percent first mortgage bonds due July 3, 1941, will be paid In cash. In the past, interest has been paid in capital stock of the company at rate of five shares per $1,000 bond. WHEN OUT OF TOWN REGISTER FROM BROOKLYN Mtmbtr Th rvict th maturxi In help lli and arnaat CAPITAL KINGS 342 FULTON 4S 22S 34 3S Radio 16S Republic SU 28 Va Rem Tob 1 4 4 Net Low Close Chao. 39 39 5S SS 26 26 1 1 6 6 40 40 150S 154 SVi 4i 4S 25S 26 Va 4S 4'4 23S 23S 26 27S 19 20 20 3S 3'a Va 9 9 V. 34S 34S 69', 69S 14S MS 18S IBS Not quoted Not quoted 6S 6S Not quoted 9S 9 1 a 35 36 I 13S 13S 55 Va 35 36 2S 23 23 28 28 9S 9S i 24', 24S 29S 30'ie ITS ITS 6', 13S 32 32 a 2 21S 21S 37 1 8 8 2 1 68' 4 68 M3 143 IS IS- 28 -'8 f.

311 25S 25S IDS 10S IIS US 6', 8S- 24 14 6HS 68S 2 3 35 26 "1 a 19 19 Va 51 'a 37 Savate Arms 2V.b 4 so 50 50 Va 11 'a 8'aSohenley a 10a loa 'a 78 67 Va atari Roebuck 3a- 10 69a 89 89Va Va 15 Shell Un Oil 15d 9 14Va 14 14', 281. Oil lVad 10 27 27'a 87 9'a 8'4Socony Vac 0 50 35 8'a 8J 8' U'a 8 South Pac 20 ll'a 11 ll'a Va 1. South Rwy 8 127a 12'-, 12'a 25 Sserry Corp 2d 4 34'i 3i 34J "a fi1. S'a Std Brands 0 40a 7 5sa S'a 5'a 23'a 17'a Std Oil Calif 1 1723 20'a 20'a 20'i 'a 31 25'a Std Oil lnd la 31 28'a 28 28 'a 'a 3' 33 Std Oil lee 32 37 36'a 3S' la 4a Studebeser 2 43a 4 the night of June 12. Mr.

Hill- Is public interest director of the Federal Home Loan Bank of Des Moines. Union Trusteed Shares Offered Union Trusteed Funds, today offered two new classes of its shares for public subscription, bringing the total of such classes to seven. One of the new offerings represents a fund comprised of Government and prime corporate obligations; the other a fund of distinctly speculative bonds with emphasis on rails. The offering was made by Lord, Abbett and a nationwide group of dealers. A feature of the Union I'und special that of the prime obligations is that any holder of one of the other union series Is privileged to convert his shares into Union Fund special without charge.

Cotton Loans 13.70c. The New York Cotton Exchange announces that as of May 15 the cotton parity price was advanced 12 points to 16.12 cents. Eighty-five percent of parity now equals 13.70 cents per pound, the level at which loans are to be made under the new farm loan parity bill. 34'aTrxai Corp i 3 'a Tea Pac Lt. .20 Tide A Oil 0.80a FUNDAMENTAL fundem-nted quality ol Kinrjs County Trust Company "capacity to srv." Evwry form of banking tht varied and Intricate probUms of modem provided, and admlnUtert-d by a poraonnttl business.

All InquiriM rclv prompt and consideration. $500,000 SURPLUS $6,000,000 COUNTY TRUST CO. ST. (in the Heart oi the Boro Hall District) 1) Deere Co H4d-- 4 21V 70S MS Doua Aire Sd 7 60 164S 138 Du Pont 3S 1 13 4S 1SB1 Pr A Lt 1 35 H'lOrn Electric 70b- 32 JS'i 48 3b Geo Motors I SO 28 37' 1 TRS Ot North IB 3 1 12V BS Oreyhcund Co 1 1 1 41a 3 a 10'. 44', l'a 3DJ.

lO'a 2.Va 70J Va 24'a 2 1 10.1 34'j 20 12 1 38 5 9 38 4'a 9 381i 5 'a 88 'a 38 91, s-ia 22 81, 20'a 53 la 38 la 9'i a l-t 22 5. 6' 20'a 5.Va la 3'. 22', 19', 88 28', 3U 23 19'a IT 28 Tr 80b- 2 12' 12', 12' (j 80 Union Carb Slab a M'a 34 a Un Aircraft SB 7 3Ba 9Ja Un Air Llnee 3 9'a 8-18 United Corp 9 )8Ja United CP Dl 3 2 22 Un Oai Imp .80 10 B'a 17 Rubber Sob 1 20'a 43a 'I Steel 2b 48 8.1 'a 2 Warner Brol 9 3'a 18' a Wrjl Union lb 11 23 1 a 17 'a West Air like 1 117 10'a 88 Wfstlna El 2h 5 87'a 26 a Woolworlh 2 40 9 26'i 13S 8 I5S 3 US Inspiration 50 b--ii Int Murine :.1 .1 In 1 Nirkel 2 I0S Int At Int Ar Pf 2Wr IS lnt A -K- 37H 31 Kennecntl 1 a 1 7S 8 Linhi Mo It JSo JS 1914 Lockheed ISO 14 Loft ine IS TtAcral Dp poll A MMOKfcN torn. ttMOtUVM OPU, 17V, IP, Yellow I ex-dlvidend; ll-dlei Dmldenda: lai fear no reaular rale; 'di paid laat year; plua extra: tbi declared or paid to far this tei payment en accumulated dividends; fe rath or percent stock; (II denotes ai dUtnbutloB..