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Evening star. [volume] (Washington, D.C.) 1854-1972, March 04, 1935, Image 14

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BANKERS DISCUSS
NEW U. S. BONDS
Details of Exchange Offer
Received With Great
Interest Here.
BY EDWARD C. STONE.
Washington bankers today expressed
deep interest in the new Treasury
offering of bonds with a coupon be
low 3 per cent for the first time since
the World War, In exchange for
$1,850,000,000 of Fourth 4Vi per cent
Liberty Bonds. Notices and all the
details of the exchange offer were re
ceived this morning by member banks
in the Federal Reserve Bank of Rich
mond.
The Richmond announcement states
that the issue consists of 20-25 year
2 T» per cent Treasury bonds of 1955
1960, offered entirely on an exchange
basis for the Fourth 4 'i s, called for
redemption on April 15. The new
notes are to be designated as Series
A-1940.
The bonds will be the cheapest and
longest dated bonds outstanding as
current obligations of the Treasury.
Only the 2 per cent consols, 2 per
cent Panamas and 2 M per cent postal
savings bonds, all callable or redeem
able, bear smaller coupon rates.
It is stated that only the accumu
lation oi excess reserves in the hands
of the Federal Reserve member banks,
now approaching the $2,500,000,000
mark, has enabled the Treasury to fix
a rate of 2'g per cent. The conver
sion of Liberties from a 4V4 rate to
the 2?g per cent basis will save the
Government more than $25,000,000 a
year on the $1,850,000,000 obligations
Affected.
Interest on the called Fourth 4Vis
tendered in payment for the new
bonds will be paid up to March 15,
1935, the Richmond Bank announces.
The opinion is expressed that the new
issue may bring about a further ex
pansion in commercial loans. The
lower rate, of course, makes it harder
for banks and investors to make satis
factory returns on Government Issues.
Whether there will be a real swing
toward commercial loans remains to
be seen.
Bank Demands Further Study.
The National City Bank in its
monthly review, out today, demands
that Congress give further study to
Title II of the pending banking act.
Title II is considered the heart of the
bill, as it contains proposals foi
fundamental changes in banking con
trol and practice. The importance of
the whole bill is stressed as follows:
"The proposals affecting the bank
ing system embodied in the new bill
before Congress known as the banking
act of 1935 are of so fundamental a
nature as to make this bill the most
important piece of banking legislation
since the Federal reserve act. The
bill is of importance to every bank
depositor because it concerns the
soundness and liquidity of banking
assets, and it is of importance to every
man. woman and child because it
concerns the value of money. In a
country like the United States, where
90 per cent of the aggregate value ol
all payments is made by checks drawn
against bank deposits, it is obviou:
that the volume of bank credit is a
far greater factor in determining whal
the dollar will buy than the amount
of currency outstanding.
"This is the reason why this bill
proposing to remodel the banking sys
'tem Is a matter of vital interest, not
only to bankers, but to every indi
vidual who has savings or other kinds
of property, or who uses money for
any purpose whatever, and this, of
course, means every one.
"In so far as the vital provisions of
Title II of this bill are concerned, it
Is difficult to see how anything will
be gained by haste. It is easy to see
how much might be lost. There can
be no doubt but that the country
would feel far more secure, and the
chances of reaching wise conclusions
far greater, if this section of the bill
were reserved for more extended study
and debate."
Retail Trade Doing Well.
Retail trade in the Fifth Federal
Reserve district, which includes Wash
ington, was good last week, the Bank
of Richmond announces. Special sales
In the stores in many leading cities
in the district were well supported.
The warmer weather in the southern
part of the territory has proved extra
beneficial. The letting up in trade,
which has been predicted in some sec
tions of the country, has not devel
oped here, latest reports show. Whole
sale firms are reported as busy as the
retail concerns.
UA ICiiU QUI »CJ υ» AWWAMKUJT
•ales and collections by the National
Association of Credit Men finds 20
cities reporting "good" sales and 23
rioting "good" collections. Among the
cities reporting both are Richmond
and Norfolk, Va. Collections also are
especially good in Parkersburg, W. Va.
In its Spring forecast the United
Business Service of Boston says today
that commodity prices, currently at
the highest level for the recovery
period, are believed to be at their top
limits for some time to come. Neither
consumer nor heavy industry buying
power is sufficiently large to permit
further advances in quotations at this
time.
Woodward Stock at New Peak.
Woodward St Lothrop common stock
reached a new high mark for the year
on the Washington Stock Exchange
today.
The stock came out in two 25-share
lots, both at 33, a gain of a full point
over the last previous sale. The stock
has moved up from 28 during the
present year, being In lively demand
at the advancing quotations. It closed
today with 31 bid and 33 asked.
Potomac Electric Power 5% per cent
preferred stock was again strong to
day, one small sale talcing place at
1141/»· The issue closed with 113% bid,
but none offered at any price.
Richard Whitney, president of the
New York Stock Exchange, has come
to be one of the Capital's most fre
quent visitors, keeping In almost con·
stant touch with the exchange matters
before the Securities and Exchange
Commission. He was here at the end
of the week but had no statement to
make regarding matters being "ironed
out."
Investors Syndicate, Minneapolis,
which has a Washington office, re
ports the largest week In its his ton
for the week ended February 18. Th«
head office officials report improved
conditions all over the country.
The North American Co., of which
the Potomac Power and Washingtor
Railway & Electric Cos. are units, ha:
declared the regular dividend of 2!
cents on the common stock and th<
regular quarterly dividend of 57 centi
en the preferred stock, both payable
April 1 to stock of record March 11
NEW TOBACCO TRADED.
BALTIMORE, March 4 (Special).—
Bales of Maryland leaf tobacco las
week totaled lie hogsheads, a numbei
of them being of the new 1934 crop
-while receipts of 08 hogsheads wen
reported, leaving a stock in State to
baceo warehouse* of 23.1M hogsheads
A
TRANSACTIONS ON THE NEW YORK STOCK EXCHANGE:
I
By private wire direct te The SUr.
j^upm.
Pre*. 1838 Stoclc and Sale»—
High Low Dividend tut· Add 00. Hlah. Lew. Close. Che·.
112 110 Abram Strauss pf 7 20a 111 111 111
74 5*i Adams Express.... 4 6*4 6% BH
33H 29H Adams Mlllia (2)... 2 31% 80*4 314 + 4
11V4 8 Addresaograph..., 12 114 10% 10% — H
8% 6*i Affiliated Prod (60o) 1 7* 7% 7* + %
116*4 109VÎ Air Reduction (S).. 5 1124 112 112 -%
20'» 16% Alaska Jun (tl.20). 14 174 17 17 -1
34 2 Albany Wrap Paper 1 2*4 214 24 - *4
1% 1 Alleg.Corp (k) 17 lit 1 1% + %
7 3V4 Alleg pf w$30w(k). 2 3% 84 84 + 4
64 3 Alleg pf w$40w(k). 13 3 3
23 21 AlleghenyStl (1)... 1 224 224 224 + Η
141 132»» Allied Chem (β).... 2 134 134 134 -4
1274 123*4 Allied Chem pf (7). 1 1274 127% .274
17'* 16U Allls-Chalmer· 10 16% 16 1β - Η
20*4 16% Alpha Port Cmt (1). 3 15% 15% 15% - %
67 484 Amerada Corp (2).. 11 56V4 66 56 + %
67% 474 Am Ag Chem Del(2 ) 2 624 524 62%-%
184 134 Am Bank Note 5 154 15 16 - %
524 43 Am Bank Ν pf (3).. 10a 60% 50% 50%-%
29% 25V4 Am Brake Shoe «Oc. 1 274 274 274 - 4
122*4 119 Am Brake Sh pf (7) 10a 122 122 122 -%
123 110 Am Can (t5) 7 1174 116*4 116%-1
204 134 Am Car & Foundry. 2 144 144 144— 4
75 66 Am Chicle <t3%).. 3 74% 74% 74*4+4
10% 64 Am Crystal Sugar.. 9 104 9% 10 —4
87 67% Am Crystal Sug pf. 250a 884 86% 88 +1
54 44 Am European Sec... 2 3% 3% 3%—%
5% 2% Am & Foreign Ρwr. 4 24 2% 2%-%
84 5 Am & For Pw 2d pf. 1 54 64 54 + %
13 10*4 Am Hawaiian SS(1) 1 10% 10% 10%-%
324 30% Am Home Prod 2.40 2 324 31% 324 +4
4% 3% Am Ice Co S 44 44 44
6% 64 Am International... 8 5% 5% 6%
6 2 Am La Fran pf (k). 10a 24 24 24+4
20% 114 Am Locomotive.... 9 124 12 12 -1
564 374 Am Locomotive pf.. 1 40 40 40 +1
23% 20 AmMch&Fy <80c) 5 204 204 204 +4
174 14 Am Metals., ι 7 16% 16 16 - %
3% 2 Am Power & Light. 5 24 24 24—4
13V* 10 Am PAL *5 pf <!%> 2 10H 10% 10H — %
154 12 Am P&L $6 pf (1%) 1 134 134 134-4
164 124 Am Radiator 26 124 12 12 -4
24 18% Am Rolling Mills... 9 194 194 194
75H 67 AmSaf Rar (t5%). 2 75% 754 75*4 + %
40V. 32% Am Smelt & Ref. ... 14 86% 35% 36% —1H
1254 121 Am S&M 1% pf (7). 4 124 123% 128% +1H
131 125 Am Snuff pf (6).... 20a 132 132 132 +1
184 144 Am Steel Foundry.. 5 144 144 144+4
70ij 60 Am Sug (2) χ 23 69 68 684 + ■·*
132% 1264 Am Sugar pf (7)... χ 1 1334 1334 1334 +2%
24% 184 Am Sum Tob (1)... 1 20%» 204 204
106% 102*4 Am Tel & Tel (9)... 22 108»4 105% 105% + %
86% 784 Am Tobacco Β (5).. 2 814 814 814 + 4
19% 114 Am Type Fdrs pf(k) 20» 13*4 13% 134+1
454 37 Am Woolen pf 3 384 384 384 — 4
12H 9'κ Anaconda Copper... 27 10V4 9% 9% — %
17% 15 Anchor Cap (60c).. 1 16 16 16—4
1074 103 Anchor Cap pf (6 4) 100a 1064 106 106 +4
404 36 Archer-Dan M U4. 2 404 404 404
1064 994 Armour Del pf (7).. 1 1054 1054 1054 - 4
6% 4% Armour of Illinois.. 16 5 44 44 — 4
70% 644 Armour 111 pr pf (6) 6 694 69 69% + %
6% 4*2 Arnold Constable.. · 1 4"» 4% 4% + %
13H 9H Asso Dry Goods.... 2 9% 9H 9% — V4
55% 394 Atch To&S F ( h2 ).. 9 414 404 41 - %
864 754 Atch To&S F pf (5). 1 794 794 794 -4
25% 23 Atlantic Ref (1).... 10 234 22% 23V» + %
43 37% Atlas Powder (2)... 2 40 39% 40 + Η
74 5 Atlas Tack : 1 44 44 44— 4
294 214 Auburn Auto 3 224 22 22
14 84 Austin Nichols 1 84 84 84+ %
6% 1' j Baldwin Loco 24 2 14 2 + 4
26*4 9 Baldwin Loco pf.... 2 104 104 10*» - 4
15 9S Baltimore & Ohio... 14 104 9% 9!» - H
174 10*» Baltimore & Ohio pt 2 114 104 104 -1
1024 100*4 Bamberger pf (64 ) 100s 103 10S 103 +4
110 108 Bang & Aroos pf (7) 20· 110 110 110
7 6 Bamsdall Corp 6 64 64 64 — H
44"* 40 Bayuk Cigar (b4).. 1 424 424 42V, - V»
19 164 Beatrice Creamery. 8 19 18*» 184+ 4
102'* 102 Beatrice Cr pf (7).. 4 104 104 104 +2
78 72 Beeeh-Nut Ρ (t3»,i> 1 744 74*4 744
134 124 Belding-Hem(hSOc) 21 13 124 12}* -
174 14 Bendix Aviation.... 6 144 144 144
174 154 Beneficial Loan 1H. 3 154 154 154
384 34 Best & Co (2) 1 364 364 364 -
34'» 26 Bethlehem Steel.... 4 274 264 27*» -
13'/* 104Blaw-Knox 4 114 114 114 +
108 1034 Bloomingdalepf (7) 80· 1074 106 1064 -
404 33 Blumenthal pf lOi 344 344 344 +14
10 7*» Boeing Airplane.... 4 74 7% 74—4
594 53 Bohn Alum&Br (3). 4 654 654 564 — 4
974 90 Bon Ami (A)(t5)... 10· 964 964 964 +4
25*4 234 Borden Co (1.60)... 10 264 24** 25 +4
34V. 284 Borg Warner (14). 18 33v» 32*» 324
74 44 Boston & Maine.... 1 44 44 44
304 244 Briggs Mfg (2).... 8 284 284 284 - 4
31% 234 Briggs Λ Strat (3). χ 1 294 294 294 +4
364 334 Bristol-Myers t2.40. 1 34 34 34 +4
444 364 Bkln-ManT(a75c).. 11 404 40 40 -14
964 90 Bklyn-Man Τ pf (6) 8 94 94 94 —
34 2 Bklyn Λ Queen·.... 1 24 24 24
314 20 Bkln&Queens pf(2) 2 20 20 20 -
62 47 Bklyn Union Gas(6) 1 474 474 474
60 57 Brown Shoe (3).... 1 58 58 68 —
64 5 BucyrusErie ■ 1 64 64 54 —
13 104 Bucyrus Erie cv pf.. 1 104 104 104 —
64 34Budd (EG) Mfg... 11 44 44 44 +
33 26 Budd (EG) Mfgpf. 110s 29 284 284 — Η
44 3 Budd Wheal 8 3 3 3 —4
15 11 Bullard Co 3 114 114 114
94 44 Burns Bros pf 30s 5 5 5
15*t 14U Burr Add M <60c>.. 7 15W. 14»i 14% — 4
lO'i 6Vs Bush Term deb (k). 1 6Vi 6V4 6Vi — Vi
22V] 14 Bush TrBldgpf ct. 120s 144 14 14
2 14 Butte Copper & Zinc 1 14 14 14
204 144 Byers (AM) 4 144 144 144 - 4
424 364 California PkgU4) 3 414 41 41 -4
14 4 Callahan Zinc 2 4 4 4
44 3 Calumet & Hecla... 2 3 3 3
164 94 Canada Dry G A (1) 9 104 104 104 + 4
134 11 Canadian Pacific... 4 104 104 104-4
36 334 Cannon Mills (2)... 1 344 344 344 -4
37 324 Cap Admin pf A (3). 30s 35 35 35 +1
63 514 Case (J I) Co 7 574 654 56 - 4
44 364 Caterpillar Trac(l). 6 424 424 424
354 284 Celanese Corp 17 284 284 284-4
254 164 Celotex Co pf (k)... 10e 174 174 174-4
27 224 Cent Aguir· (14).· 4 274 27 27
47 384 Cerro de Pasco (2).. 21 45 434 434 -14
454 404 Ches A Ohio (2.80). 22 424 414 414 -4
44 lHChlGrt Weatpf 1 24 24 24+4
3 2 Chi Mil St Ρ Λ P.... 7 2M, 2 2
44 2 Chi Mil St Ρ Λ Ppf. 25 24 2% 2H — 4
54 34 Chi & Northwestrn. 6 34 34 34-4
74 54 Chi Pneumatic Tool 1 54 64 64
ocii on*'. On.11 ΤλαΙ nf 2 22 22 99 _ V.
4 2% Chi R ΙΛΡ 6% pftk) 1 2% 2% 214
11% 10 Chi Yellow Cab (1). 2 10 10 10
42% 35% Chrysler Corp (1)... 72 36% 35% 36
21% 20 City Ice* Fuel (2). 4 22 21% 22 + H
93',· 87 City Ice&Fpf 6%.. 40· 93% 93 93 +1
1% % City Stores (k) 10 % !» %
180 161% Coca-Cola (8) 1 178Vi 178Vi 178%
1814 16% Colgate-P-P (50c).. 11 18 17% 17% — %
15% 11% Collins &Alkman... 6 12 12 12 - H
5% 2% Colo Fuel Λ Iron(k) 13 3 3
15 7 Colo & Sou 1st pf... 60s 10% 10% lOVi +1
13 7% Colo & South 2d pf. 60s 8% 8% 8%+%
7% 4'î Col Gas & Elec 17 5 4% 4%
44 34% Colum Pic vtc (ml). 39 44V* 42!» 44 + %
79% 67 Columb Carbon (4). 3 79 78% 78%—114
47% 39%Cornel'Credit (2)... 17 47 46 46 -1
32% 29 Comcl Cred pf (1%) 10s 31 31 31
62% 56% Comcl InvTr(t2V4)x 3 69% 59 69
23% 19% Comcl SolT (t«5c).. 22 21% 21 21
1% 1 Comw & Southn.... 20 1 1 1
40% 29% Comw & Sou pf (S)- 4 35% 35 35%—%
34% 30%Congoleum-N(l-CO). 5 30% 30% 30%-%
10% 9 Congress Cigar 1 9% 9% 9% + %
10% 8% Consol Cigar 1 8% 8% 8%
7% 6% Consol Film 4 5% δ% 5%-%
22% 18% Consol Film pf <J2). 12 20% 19% 19%
22% 15%Consol Gaa Ν Τ (1). 62 17% 17% 17%-%
82 72% Consol Gas pf (6).. 4 78% 77% 77%-%
8% 7% Consol Oil (h42c).- 31 7% 7% 7%
1% % Consol Textile » 4 % % %
13% 10% Container Corp (A)» 8 11% 11% 11%—%
5% 4 Container Corp (B). 4 4% 4% 4% — 'λ
6% 6% Contl Baking (A)... 3 6% 5 5 - %
1 % Contl Baking (B).. · 6 % % %
54 46% Contl Baking pf (4)· 1 51 51 51
73% 62% Contl Can (2.40).... 14 71% 71 71%+%
9% 7 Contl Dla F (al5c).. 1 8% 8% 8%
34 30 Contl Inaur (tl.36). 5 82% 32% 32% + %
1% % Contl Motor· 11 1% 1 1
19% 16% Contl Ο Del (h50c). 11 17% 17% 17%-%
48% 44% Corn Ex Bk&Tr (S) · 10a 47 47 47 — %
68 62 Corn Prod Ref (t).. 3 64% 64% 64%
6% 5% Coty Inc 3 6% 6% 6%-%
39% 35% Cream of Whtt214„ 4 39% 39% 39%+%
15% 12% Crosier Radio 1 14% 14% 14%-%
6% 4 Crown-Zellerback.. 1 4% 4% 4%
25% 18% Crucible Steel 1 19 19 19
1% 1 Cuba Co 2 1% 1% 1% + %
7% 5% Cuban-Am Sugar... 11 7 6% 6%—%
58 40% Cuban-Am Sugar pf. 260s 67% 56% 67 —1
47% 41 Cudahy Pkg (2%).. 1 45 46 45 +1
22% 18 Curtis Publishing. » 1 18% 18% 18%+%
101 93% Curtis Pub pf(T)... 1 97% 97% 97%-%
3 2% Curtis· Wright 4 2% .2% 2%
10% 7% Curtiss Wright (A). 3 7% 7% 7% - %
8% 7% Davega Strs (alOc). 1 7% 7%
31 24% Deere & Co 4 27% 27%
20% 19 Deere&Co pf (120c). 1 20% 20%
43% 29% Delaware * Hudson 2 29% 29%
19% 12% Del Lack Λ West... 7 14 13%
4% 1% Den àRGWpf,.., 1 1% 1%
78 67 Detroit Edison (4).. 1 68 68
29% 26% Diamond U (tl%).. 6 28% 28%
41% 34% Dome Mines (t»%). 39 41% 39%
12% 8% Dominion Strs<1.20) 2 10% 10%
24% 20%DouglsaAircraft... 1 20% 20%
16% 14% Dresser Mf g A hi % 1 16% 15%
17% 13% Duplan Silk (1) 1 16 16
99% 91% Du Pont de Ν (2.(0) 10 98% 92%
129 126% Du Pont deb (β).... 4 128 128
107 104 Duquesne Lt 1st (6) 60s 105% 105% 105% +
8 6% Eastern Roll Mill·.. 16% 6% 6%
20% 16% Eaton Mf* (1) 3 18% 17% 17%-%
29 23% Electric Auto Lite.. 3 24 28% 23%-%
109 107 Eleo Auto Lite pff. Ms 109 109 10»
4 v. Electric Boat.β 4% 4% 4%
8% 7% Elec * Mua Ind · 7% 7% 7%—%
8 1% EleeFwr* Light.· 7 1% 1% 1% + M
1 · #
\ ·' ; .
Prer 1935
Blch Low.
814
49%
21%
14
17%
12*4.
23'i
Stock and
Dividend Rata.
HlOcm.
β Elec Pwr&Lt $7 pf.
45 Elec Stor Bat (2% >.
1414 Eng Ρ S 15.50 pi ww
8V4 Erie RR
10% Erie R R 1st pf
10% Eureka Vac Cl(JOc)
19 Evans Auto Ρ (50c)
Add oo. Bleb.
9*4
10%
12
21%
Met
Low. don. Chge.
5%
46%
17%
9%
10%
12
21%
5% -
45% -
17V4 -
9% -
10% -
12
21% -
9% 614 Fairbanks Copt....
4% 3% Fed Screw Works. ..
18>« 15% Firestone (40c)
94% 91% Firestone pf A (6)..
56 47% First Nat Strs(2 % )
6% 2% Follansbee Bros (k)
28% 20% Food Macb <a25c) ..
17% 13 Foster-Wheeler....
77 65 Foster· Wheeler pf.
25 22% Fourth Nat In hl5o.
13% 9 Fox Film (A)
26 ' 20% Freeport-Texas (1).
60s
1
5
6%
3%
15%
3 94
11 50
2%
27%
13
20a 65
24
10
21%
6% 6% - %
3% 3% - %
15% 16% - %
93% 94 + %
49% 50 - %
2% 2%
27% 27% - %
13 13 - %
63% 63% -1%
24 24 - %
10 10 + %
21 21 - %
2
1
1
20
1
6%
35
8%
5%
2%
23
6%
35
8%
β
2%
33 23%
11 4-32 11 4-32 11
10 35 34%
1 % %
3 64% 63%
62 29% 29%
1 112% 112%
120a 24% 23%
1%
7% 6% Gen Am Investors..
38% 34% Oen Am Trans(l % )
9% 7% Oen Baking (COc)..
7% 5% Gen Bronza
3% 2% Gen Cable
26% 20% Gen Electric (tOc)..
11% 11 GanElapecCOe 16
35% 32% Gen Foods (1.80)...
% % Gen Gas & El (A)...
65% 59%Gen Mills (3)
34% 29*» Gen Motor· ( 1 ) .....
113 107% Gen Motors pf (5)..
24% 17% G«n Print Ink (tl).
2% 1% Gen Public Service. 2 1% 1%
30 23 Gen Ry Signal (1).. 12 23 21%
91 80 Gen Ry Signal pf(6) 20a 88 88
1% 1% Gen Realty & Util.. 1 1% 1%
19% 16%Gen Refrecctfs.... 1 19% 19%
15% 13% Glllett Saf Raz (1).. 2 14% 14%
77% 70% Glllett Saf R pf(5)., 2 77 77
37* 2% Gimbel Bros 1 2% 2%
27% 23% Glldden Co (tl.30).. 6 26% 26».
4% 3%Gobel (Adolf) 4 4% 4
18 15*4 Gold Dust (1.20)...j 3 17% 17%
11% 9 Goodrich (BF)..... 2 9% »
54% 45 Goodrich (B F) pf.. 1 49 49
26% 20% Goody ear TAR.... 8 21 20%
60 40% Gotham S H pf (7). 10a 35% 35%
3% 2% Graham-Paige
7% 5% Granby Consol
5 3 Grand Union
29% 17 Grand Union pf 1%.
35% 30 Grant (W T)(tl% ).
17% 11% Great Northern pf..
12% 10 Great Nor Ore (50c)
31% 26% Grt West Sug (2.40)
127% 119 Grt West Sug pf (7)
2% 1 Guantanamo Sugar.
6% 4% Hahn Dept Stores.. 8 4% 4%
63% 55 Hahn Dpt Stores pf. 2 60 59%
7% 5% Hall W F Printing.. 4 5% 5%
20 16% Harb Walker (1)·... 2 18% 18%
7 5% Hat Corp (A) 2 6% 6%
3% 2% Hayes Body 1 2% 2%
94% 85 Hazel Atlas G1 (5).. 2 94% 94
77% 73V. Hercules Pw (f3 %) 1 75 75
125 122 Hercules Ρ pf (7).. 50a 123% 123%
107 104 Hershey C pf (t5).. 1107 107
S91% 338 Homestake M (136). 1 380'., 380',,
36% 31 Houd-Hersh A (J2). 1 32 32
9% 7% Houdallle-Hersh B. 7 8% 8
3% 2% Houston Oil (new) ·ι 1 2% 2%
52% 43 Howe Sound (3)...» 7 49 47%
12% 8% Hudson Motor Car.. 7 9% 9%
3% 2 Hupp Motors 12 2% 2
2%
6%
3%
2%
6%

1
42
1
1
4
8
6
10 31% 31%
40s 125 125
1 1% 1%
17% 17%
31 30%
12% 12%
10 10
6%
35
8%
6
2%
23
4-32
34%
%
63%
29%
112%
24V«
IV*
22%
88
1%
19%
14%
77
2*4
26%
4%
17%
9%
49
21
35%
2%
6*4
3%
17%
30%
12%
10
31%
125
1%
4%
59%
5%
18%
6%
2%
94
75
123%
107
380%
32
8%
2%
47%
9%
2%
+ %
- %
- %
- %
- %
- %
- %
+ %
+1%
- %
- %
+ %
- %
+ %
- %
+ %
- %
- %
+ %
- %
- %
- %
-1
-1%
+ %
+ %
+ %
- %
41%
+ %
- %
+ %
-1%
+ %
174 !»% Illinois centrai » ni ™
33 30V* Indus Rayon (1.68). 6 314 304 314 + Vi
564 60'· Inland Steel <1).... 2 62 61»» 51% - H
34 24 Inspiration Copper. 1 3 3 3 + %
164 12% Interboro Rp Tr(k). 11 1* 124 124-1%
42*4 334 Int Agriculture pf.. 1 364 364 36',s + Vi
1611» 1494 Int Bus Mach (p6). 2 160',> 160 160 — 4
6»» 44 lnt-Carriers Ltd 20o 1 44 44 44
33 26V* Int Cement (1) 7 26V* 26V* 26'-»— 4
434 374 Int Harvester (60c) 4 39'.> 394 394 —%
142 135 Int Harvester pf (7) 1 1424 1424 142'> + V*
24 14 Int Hydro Elec (A). 1 1% 1% 1%+ H
31» 24 Int Merch Marine... 5 3 2% 3 + Vi
244 22Vi Int Nick Can (60c). 30 23», 23V» 234 -%
12 64 Int Paper APwpf.. 4 7»* 7 7 - V4
184 14 Int Rys Cent Am pf 120a 144 14 14
5 3% Int Rys C A A ctfs.. 10s 3Vi 34 34 — Η
4§Vi 43»i Int Shoe (2) 3 44 43% 43% - '4
9% 74 Int Tel A Tel 59 7% 74 7% - 4
12% 10 Interstate Dept Stra 3 12 11*4 11*4
36 31 Island CreekC (4). 1 334 334 334 + Vi
57% 45V, Johns-Manvllle.... 37 46 44 444 -1%
125 120 Johne-Manvpf (7). 30a 124V* 1244 124V* + 4
78 664 Jonea&Laugh 7%pf. 20a 634 63 63 —3%
8% 64 éana City Southern 2 64 6 6 — 4
9 V* 74 KaufmannDeptS40o 6 94 9Vi 94 + V4
19 15% Kayser(J)&Co 60c. 2 17V4 17V4 174—4
2% 14 Kelly-Spring Τ (k). 16 IV* 14 14—4
71; 6 Kelsey-Hayes (A).. 3 64 6V* 614 — V»
44 84 Kelsey-Hayes (Β).. 1 4V4 44 44
184 15% Kelvinator <t70c)..x 13 174 164* 16** - 4
95 90*i Kendall Co pf (β)... 10s 94*4 94*4 94*. - 4
18*» 151* Kennecott C (60c).. 15 16 15*» 154 — V*
11 10V4 Kimberly-Clark.... 1 lOVi 104 lOVi
38 28 Kinney (GR) Co pf 20a 28' j 284 284 +4
22 204 Kresge (S S ) (1) ... 13 204 20»» 20% - V»
112 1061-j Kresge (S S)pf (7) . 10» 110 110 110
28% 23% Kroser Gr&Bk 1.60. 7 23*4 234 234
284 26»* Lambert Co (3).... 9 28 274 28 + %
12V* 10% Lee RubiTlre (50c. 1 11*» 11*» 11*» — V»
24 14 Lehigh Valley Coal. 2 1** 1*» l*i — V*
12Vi 7 Lehigh Val Coal pf. 8 74 64 7*, - V4
114 6y* Lehigh Valley RR. 1 7 7 7 - %
74** 694 Lehman Corp (2.40) 2 70V4 70 70—4
17*4 154 LehnA Fink (14). 2 164 16V4 164+4
32% 264 Llb-O-Ford GK1.20) 11 26% 26% 26%-%
23 214 Life Saver (1.60)... 1 21% 21% 21%—%
1094102 Ligg Jt Myera B(t5) 3 105% 105% 105% + %
19V* 17 Lily Tulip Cup(l%) 1 18% 18% 18%
244 164 Lima Locomotive... 1 16% 16% 16%— 4
304 26V* Liquid Carb (tl 4 )· 2 27V* 27 27
364 31V* LoeWa Inc (Ï) 25 354 354 35% — V4
104% 102 Loew*aIncpf (64) 1 1044 1044 1044
l*i 1% Loft Inc 3 1% 1% 1% + 4
2% 1% Long Bell Lum (A). 1 1% 1% 1% - 4
36% 344 Loose-Wiles (Î) .... 2 35 35 35
21% 19 Lorlllard Ρ (t2.20) » 10 20% 204 204+4
14 1 Louisiana Oil 1 14 14 14 + 4
144 7% Louisiana Oil pf.... 40a 8% 8% 8%
47",i 39 Loulsvft Nash (i).i 1 40*i 40% 40*« + 4
18V* 144 Ludlum Steel 3 154 15V* 154
103 90V* Ludlum Stl pf (64) 1 994 994 994—%
13 S MCOTI7 Bir» β ι*ι. s» 1» A" ju
12% 8 McCrory Strs Β (k). 4 9% 9% 9% + %
69 5714 McCrory Strs pf <k) 2 65 64 65 + H
46% 36% Mclntyra Porcu (2). 36 45% 43% 43*4-1%
8% 7 McKesson & Rob... 7 77* 7% 774
4414 37 McKesson & Rob pf. 12 44% 43*4 44% +
15H 12 McLellan Stores (k) 5 13 12% 12% —
2814 22% Mack Truck (1).... δ 22»4 22*4 22*4 —
44V* 36% Macy (R H)A Co(2) 5 37*» 37% 37%
2 l%Mallison&Co 1 1*4 1% 1V4 —
22 17% Man Elev m g (k)... 6 18% 17V» 171» —1%
514 4** Marancha Corp..... 2 5 5 5 + 1*
6% 51» Marine MIdld (40c). 1 6 6 6 — 1»
25% 21% Marlin-Rockwell (3 1 21% 21% 21% + %
11% 7% Marshall Field 7 7% 7% 7%
914 7% Martin Parry 1 8% 8% 8% + %
32 25% Mathieson Alk(lH) 5 27 26% 26%—%
44 39% May Dept Str (1.60) 3 41 40% 40%—%
7 6% Maytag Co 3 6% 6% 6%+%
39% 33 Maytag pf ww (3).. 1 38% 38% 38%+%
92 84% May tag 1st pf (6).. 40s 90 90 90
45% 41 Melville Shoe(t2%) 3 42% 42% 42%-1
5% 3%MengelCo 2 3% 3% 3%+ %
2514 23 Merch Λ M Tr(l.eO) 60a 25 25 25 +2
3014 2414 Mesta Mach ( 1 % ) .. 26 3114 30*» 31%+114
13% 10% Midland Steel Prod. 1 11*4 11*4 11%+%
70 61 Mld Stl Pr 1st pf(4) 20s 62 62 62 +1
72% 58 Minn-HonR (t3li). 2 72 72 72 +2
10714 105 Mlnn H Reg pf (6). 30s 107 107 107
6H 4M· Mlnn Molli»· Pow.. 6 414 414 414—14
41% 33% Mlnn Moline Pow pf 3 35% 36 35 - %
% % Mlnn&St L (k).... 4 % % %-%
3 1% M St Ρ & S S M U ln 20s 1% 1% 1% - %
614 3 Mo Ka.n& Texas... 1 3*4 3*4 3% — 14
14% 6% Mo Kan& Texas pf. 3 7% 7 7 -%
3 1% Mo Pacific (k) 1 1% 1% 1*4
4 2 Mo Pacifls pf (k)... 1 2% 2% 2%-%
1614 1314 Mohawk C M (h25c) 2 13% 1314 1314-1
30V4 2414 Montgomery Ward. 9 25 24H 24H — *4
% % Mother Lode 8 % % %
28% 22% Motor Product·.... 2 22% 22% 22%-%
11% 8% Motor Wheel 2 8% 8% 8%-%
12% 9 MulllnsMfc 1 9% 9% 9%-%
59 3614 Mulllns Mfg pf 60a 5514 65 5514
15% 14% Munslngwear Inc. M 1 14% 14% 14%-%
8 6% Murray Corp 6 6% 6% 6%+%
1914 14*4 Naeh Motor· (1)..., 6 141- 1414 1414 - U
7% 6% Nat Acme Co » 1 5% 5% 5%+%
8% 6% Nat Avlatioa * 2 7% 7% 7%
30% 26% Nat Biscuit 3) 54 26% 25% 26% - %
146 142 Nat Biscuit pf (7).* 2 143 143 143 +%
18*4 15 Nat Catfh Reg A 60c 2 15*4 1514 1514 - 14
1714 16% Nat Dairy Prod 1.20 15 16*4 16*4 16% - %
4% 1% Nat Dept Store (k). 1 1% 1% 1%
34*4 21% Nat Dep St 1st pf (k) 90a 25 24% 25 + %
2914 24% Nat Distillers (50c) 22 27*4 26*4 27V4 + 14
7*4 5 Nat Pwr & Lt (10c) 10 5% 514 5*4
60% 43% Nat Steel (tl %).... 3 44% 44 44 -%
11% 8% Nat Tea (60c) 19 9 9
28*4 22*4 Neisner Bros(tl%)· i 24 23*i 23*4-%
8 5*4 Newport Industries 1 5*4 5»» 5*4
28% 23% Ν Τ Airbrake 3 23% 23*4 23*4 -%
21% 14% Ν Y Central RR... 23 15% 14% 14%-1%
25 12% 14 Y Çhi A St L pf.. 3 15% 16 15 - %
814 2% Ν Τ Ν Η & Hartford 12 414 4*4 4*4 -14
14% 6 NYNHAHartpf. 4 8% 7% 7% - Η
35% 30% Noranda Min·· <h2) 25 36% 35 35 - %
175 165 Norfolk 4 W(tlO). 8 166 164 164 -1
4 2V4 North Am Aviation. 9 2% 2% 2% + %
1314 1014 North Am Co»)... 18 1114 11% 1114 — 14
4214 37*4 North Am Co pf (»). 3 3814 38 38 -%
21% 16 Northern Pacific...' 6 16% 15% 16% - %
10% SV4 Ohio Oil (h«te) 1 9% 9*4 9% — U
4*4 « Oliver Farm Equip. 8 «4 «% J%
16*4 18*4 Otis Elevator <ββ«) » 8 18% 1**4 18%# "<
2:80 ·> m.
Ρτβτ. 1838 β toc* and β·1β«— . _ ■"
HUh Low Dividend Rate. Add 00. Bl«h. low Clot·. Ch«e
110 106 OtlsElevpf (β).... 330» 110 109 109 -1
7V4 5 Otis Steel 1 8% 6V4 6V4
46 22% Otis Steel pr pf.... 1 31% 31% 31%—1
90% 83% Owens-Ill Glass (4 ) 2 90 89% 89%-%
6 3% Pacific Coast Is·... 10· 4% 4% 4%
14% 13% Pacific G&Ε <1%). 3 13·, 13"* 13»»
23% 20% Pacific Lighting (3) 3 21% 21% 21% + U
72% 70 Pacific Tel & Tel (6) 270» 73 72% 73 + %
8% 7 Pac W'nOil (h40c). 3 8% 8% 8%
6% 4 Packard Motor 28 4% 4 4
4% 3% Par-Publlx ctfe <k> 66 3% 3% 3%
17% 15 Park & Tllford 1 15 15 15
3% 2' j Park Utah 9 3% 2% 2%-%
1% % Parmelee Transport 11 1 1 + %
1% % Pathe Exchange.... 11 % % %
17% 13% Pathe Exchange(A) 4 15% 15% 15% - %
12% 8% Patlno Mines 4 9% 9% 9'/*+%
1% 1% Peerlew Motor....* 2 1% 1% 1%
70 64% Penlck & Ford (3).. 4 67% 67% 67%+%
74 64% Penney (J C)(hl.40) 3 67% 67*. 67%+%
5% 3% Pehn Dixie Cement. 1 3% 3% 3%
25% 18% Penn Dixie C pf (A) 1 20% 20% 20%+%
25% 19% Penn RR(1) 8 20% 20% 20 V* + %
36% 30 Peoples Drug S (1). 3 34 33% 34 -%
9% 8 Petrol Corp (hSOc). 15 8 8 8 — %
16% 13% Phelps Dodge(h75c) 5 15% 15 15 — %
2814 23 Phila Co *6 pf (3).. 4 24% 24 24%
5 4 Phila Rap Tr pf (k) 1 3% 3% 3%-%
4% 2% Phila & Read C& I. 2 3 3 3
46% 38 Philip Morris (1)... 4 39% 39% 39% + %
16 14% Phillips Petrol (1).. 3 15 14% 15
1% % Pierce-Arrow (k)... 15 % % %
% % Pierce Oil î..i 1 % % %
1% % Pierce Petroleum.. 1 % 'a %
33% 31% Pillsbury Flour 1.60 1 32% 32% 32% — %
2% 2 Pitts Term Coal.... 1 1% 1% 1% — %
8"» 7 Plymouth Oil (1)... 3 8 8 8 — %
11% 7% Poor & Co (Β) 1 8% 8% 8%+%
1% % Porto R Am Tob Β.. 1 % % %
3% 1% Pressed StlCar (k). 1 1% 1% 1%
17 9 Pressed Stl C pf (k) 2 10 9% 9%+ %
49% 42% Proc & Gamb (1 % ). 17 49% 49% 49%+ %
27% 20% Pub Serv Ν J (2.80) 15 21% 21% 21%-%
71 62% Pub Serv Ν J pf (5) 1 65% 65% 65%+%
93 85% Pub Serv Ν J pf (7) 2 85% 85% 85%
102 99 Pub Svc E&G pf(5). 2 100 100 100 +1%
52% 46% Pullman Ino <3).... 10 47% 47 47 — %
7% 6% Pure Oil 3 6% 6% 6%
61 53% Pure Oil pf 30* 53% 53% 53%+%
10% 8% Purity Bakeries (1) 3 9% 9% 9%
5% 4% Radio Corporation 20 5 4% 5
62% 51% Radio Corp pf A 3 <4· 5 52 51% 51%-1
45% 35% Radio Corp pf (B).. 7 43% 42% 42%—%
2% 1% Radlo-Kelth-Or (k) 3 1% 1% 1%
36% 35 Reading 2d pf (2)... 1 35V« 35% 35%+%
6% 4% Real Silk Hosiery... 3 4% 4% 4%+%
39 33% Real Silk Uos pf.... 10s 30% 30% 30'i-3
2% 1% Reis (Robert) 1 1% 1% 1%
11% 8% Remington-Rand... 11 9 8% 9 — %
83% 71% Remington-R 1st pf 1 81 81 81
3% 2% Reo Motor Car 2 3 3 3
15% 11% Republic Steel 13 12 11% 11%-%
49% 36% Republic Steel pf... 1 37ϋ 37% 37'/*-%
88% 82 Revere Cop & Br pf. 40s 86 86 86
24% 21% Reynolds Metalsl). 1 22% 22% 22%
51% 46% Reynolds Tob Β (3) 17 47% 47% 47%-%
46 38% Safeway Stores(-3). 3 40% 40% 40%+%
110 106 Safeway Strs pf (β) 10» 108 108 108
112% 110 Safeway Strs pf (7) 80» 112% 112 112 -%
17% 12% St Joseph Ld (40c). I 13% 13% 13%-%
21 .15 St L Southw'n pf... 10s 12 12 12 -3
8% 6 Savage Arms 3 8% 8% 8% — %
28% 23% Schenley Distillers. 4 25% 25% 25% — %
4 2% Schulte Retail Stra. 3 2% 2% 2% - %
20% 13V« Schulte Re Strs pf.. 10· 14 14 14
60 55 Scott Paper (1.70).. 20» 60 59% 60 +1
% % Seaboard Air L (k). 6 % % %-%
26% 21 Seab'd Oil(Del)(tl) 2 23 22% 22%-%
4% 3% Seagrave Corp 1 4 4 4
40% 32% Sears Roebuck 14 33% 32% 32% — %
2 1% Second Nat Invest.. 1 1% 1% 1% — %
9% 7% Servel Inc 5 8% 8% 8%-%
5% 4% Sharp & Dohrne. . .. 1 4% 4% 4%
47 44% Sharp & D pf (3%). 2 47% 47% 47%+%
9% 7% ShattuckiF G)25c.. 2 8% 8 8 -%
7% 6% Shell Union Oil 12 6% 6% 6%
78% 68% Shell Union Oil pf.. 3 70 69% 69%-1%
11 8% Silver King C (40c) 3 10 9% 9%-%
10% 8 Simmons Co....... 11 8% 8 8
18% 15 Simms Petrol (1)... 9 16% 15% 16%+%
20 17% Snider Packing 1 18% 18% 18%
14% 12% Socony-Vac (60c).. 10 13 12% 12%-%
25 20 Sou Por RicoSug(2) 5 24% 24 24%+ %
12% 11% South Cal Ed 1Η)·. 5 11% 11% 11%
19% 13% Southern Pacific... 16 15 14% 15 — %
16% 8% Southern Railway.. 8 9% 9»» 9% — %
20% 10% Southern Rwy pf... 1 11% 11% 11%—%
7% 5% Spalding (AG) 2 5% 5% 5% - %
36 33 Spencer Kellogl.β0 3 35% 35 35
9% 8% Sperry Corp (25c).. 10 8% 8% 8%+ %
79% 67% Spiegel-May-Stern. 10 67% 65% 65% -2%
19% 16% Stand Brands (1).. 26 17% 16% 17
126% 123 Stand Brands pf (7) 10s 126% 126% 126%
4% 2%StandGas&Elec... 1 2% 2% 2% +
5% 3 Stand G & Ε $4 pf... 1 3% 3% 3%
12% 7 Stand G&EJ6pf... 1 6% 6% 6%—
16 8%StandG&E»7 pf.. 2 8% 8% 8% -
32% 29U Stand Oil of Cal (1). 5 29\ 29% 29% +
25% 23% Stand Oil of Ind (1) 6 24% 24% 24%
43% 38 Stand Oil Ν J ( 11 % ) 8 39 38% 39 +
15% 13 Starrett(LS) (hSOc) 1 13% 13% 13% —
64% 58% Sterling Prod (3.80) δ 64% 63% 64% +
1% 1% Sterling Secur (A). 4 1% 1% 1% —
δ1* 3*4 Sterling: Secur pf. .. 3 3% 3*^ 3s* —
Pre». 1935
Slsh Low
Stock and
Dividend Rata.
2:10 p.m.
9'/i 6U Stewart-Warner...
6 2N» Stone & Webster...
118% 115% Sun OU pf («)
2% 1% Superior Oil ι
9% 6% Superior Steel
6% 3% Sweets Co of Am...
2H 2 Symington (A)....
9% 8% Telautograph (1)...
21** 19 TexaaCorp (1)....>
36*4 32*4 Texas Gulf Sul (J) _
4% 3% Tex Pao Coal A Oil..
11 8% Tex Pae Land Trust
19*» 15% Thatcher Mfg <a25o;
4% 3 Thermoid Co .
5 3Vi Third Avenue
17% 14 Thompson Product*
3% 2 Thompson Starrett.
10 8H Tide Wat Asso Oil..
87% 84 Tide Wat AOpf(l).
103',» 100 Tide Wat Oil pf (6).
7% 5%Tlmken-Detroit....
36** 32 rimkenRB(l)
5% 5 Transamerlca (25c)
3*4 2% Trl-Contl Corp
42% 36 Trico Prod ( 2 M )...
27f« 18% Twin City RT pf...
Add 00. Hlth
■et
Low Close Chse
3 7% 7% 7% -
6 3%. 3% 3% -
10s 118% 118*. 118*4 +
2
7
34
2'4
1 8'-4
8 19%
13 32*.
3*4
10%
» 18%
3V*
3V4
3 I6V4
6 2V4
8%
87%
2 102
15 5%
10
2
2
14
β
32%
5%
3
60%
49
111%
88*4
26%
15%
6%
26%
53 Κ
3
29%
13!4
7%
81V4
12%
92%
5%
33%
7%
15%
53%
45%
20%
7
17%
42%
124%
69
40%
94
_30
7%
59
138
2%
18
2
45 Un Bag & Paper (4).
44 Un Carb & C (1.60) «
94 Un Pacific (6)
82% Un Pacific pf (4)...
24% Un Tank Car (1.20).
11% United Aircraft....
5% United Air L vtc....
24% United Blsc (1.60)..
46 United Carbon 2-40.
1% United Corp
21% United Corp pf.. ..«
10 United Drug
5 United ElecCoal...
71% United Fruit (2).. .·
9*« United Gas Imp (1).
88% United Gas I pf (5).
2% United PceDW....
18 United Pce D W pf.
5% U S Λ For'n Secur. .
12% U S Freight (1).....
43** U S Gypsum (1) ....
36V» U S Ind Alcohol (2).
19% USP&F 1st pf 1.20.
4% U S Realty & Impr..
13% U S Rubber
31% U S Rubber 1st pf...
106H U S Smelt & R <h9>.
62% US Sm&Rpf(3%).
31% US Steel
79% US Steel pf (2)....
119H U S Tobacco (t7%).
3% United Stores (A)..
52 UnivLeaf Tob (2)..
133% Univ Leaf Τ pf '«).
1% Univ Pipe & Rad...
12 Univ Pipe & Rad pf.
1% Util Pwr&Lt (A)..
1 40%
10s 23
2 45
13 47%
2 94
83
24%
21 12%
14 5%
1
6
28
24%
53%
2
21 24%
10%
5
81%
17 10
88
3%
4
2
2
3
20s 20
1 5%
1 12%
2 45%
3 40'»
20%
4%
13*4
33%
18 122*»
2 68%
45 32%
4 81
2 130%
» 4%
1 55%
20s 140%
3 1%
430s 19
1 1%
1% % Vadsco Sales Corp.. 1
21% 16 Vanadium Corp.... 1
94% 91 Van Raalte 1st pf 7. 130s
37% 34% VickChem (t2.40). 3
4% 3*» Va-Car Chemical... 2
27% 20% Va-Car Chem 6% pf 6
31 27% Walgreen Co (ml)..
3% 1% Walworth Co .·
1% 1% Ward Baking (B)...
4% 3 Warner Bros Pic...
24% 17% Warner Bros Pic pf
28 23% Warren Fdy&P (2) .
1% 1 Wells Fargo
39 30% Wesson 0&S(tl 25)
75% 72 Wesson O&S pf (4).
53 41 West Pa Elec A (7).
54 39 West Pa Elec pf (6)
60% 46% West Pa Elec pf (7)
102% 95 West Pa Pw pf (6) .
110*4 104% West Pa Pwr pf <7 )
% % Western Dairy pf Β
3% 1% Western Pacific....
7% 2% Western Pacific pf.
34% 24V* Western Union....
27 21 Westlngh'se AB 50c
41 35% Westingh'se Elec..
58 46% Wheel Stl pf (j50c).
18% 10 White Motor
7 5% Wilson & Co al2%c.
75 68 Wilson & Co pf (6)..
55% 51 Woolworth (2.40)..
21% 16 Worthington Pump
79% 75 Wrigley(WJr)f»V4.
24 20% Tale te. Town· (60c)
4% 8% Yellow Truck
21 18% Young Spr Wire (1)
β
3
2
26
110s
2
100s
5
2
80s
90s
70s
50s
100s
2
1
5
5
6
26
1
10s
64
37
1
1
1
1
2
%
16%
94
37%
3*.
23%
29%
2
1%
3%
19%
26%
1
36%
75
40
41
47
96
110
%
1%
3%
25%
22
38%
56
10
6
74%
55%
16%
78
21%
3%
19%
1%
7
3%
2U
8%
19%
32%
3%
10
17%
3%
3%
16
2
8%
87
102
6%
32%
5
2%
40%
23
44**
47%
93%
83
24%
12
6%
24%
52%
1%
22%
10
6
81
9%
88
3%
19*.
5*.
12%
45
40
20%
4%
13%
33%
119'4
68%
32
80%
130
4%
55%
140
1%
17%
1%
S
16%
91
37%
3*,
23%
29%
2
ï%
3%
18%
25*4
1
36
75
40
38%
44
96
109%
%
1%
3%
25
21%
37%
56
10
5%
74%
54%
16%
78
2
7
3%
2M.
8%
19%
32%
3%
10%
18%
314
3%
16
2
8%
87%
102
5%
32».
5%
2%
40%
23
44%
47',4
93%
83
24%
12
5%
24%
52%
2
23%
10%
6
81
10
88
3%
19%
5%
12%
45%
40
20%
4%
13%
33%
119U
68%
32V«
80%
130
4%
55*.
140%
1%
18%
1%
- %
- %
+ %
+ %
+ %
- %
— %
- %
+ %
- %
- %
+ %
- %
- %
- %
— %
- %
- %
— %
- %
+ %
+ %
- %
- %
- V4
- v>
+ %
- %
+ %
+ %
- %
- %
-3
- %
— 1.
- %
+ %
- *4
+2%
- %
+1%
+ %
*i —
16' : -
94
37% +
3% -
23% -
2914
2
1%
3'*
19%
26%
1
36
75
40
39*4
44%
96
109%
%
1%
3%
25%
21%
38
56
10
5%
74%
55
16%
78
+ %
41%
+ %
-1%
-1
♦ %
-2%
- %
+ %
- %
— %
- %
+ %
- %
-1
- %
— %
+ %
-1
H
21% 21% -
3% 3%
19% 19% + %
4% 3'* Zonlte Products.... 2 4 4 4
•ales of Stocks on the JTew York Ixchanffe.
11:00 A.M 120,000 12:00 Noon 200.000
1:00 P.M 250.000 8:00 P.M 310.000
Dividend rates as ttven In the above table are the annual
cash payments bated on the latest quarterly or half-yearly
declarations
s Unit of trading less than 100 shares. tPartly extra. îPlus
9*7e in stock, h Paid last year—no regular rate, b Payable in
stock, e Payable in cash or stock f Plus SI In special preterred
stock g Plus 4*V in stock, a Paid this year. 3 Accumulated
dividends, k Companies reported in receivership or being reor
n Plus 5*V in stock, η Plus 3Γν in stock, η Plus 2ii
x Ex-didivend.
ganized. m Plus in stock, η
in stoclc. "**-** '
By the Associated Press.
CHICAGO, March 4—Both wheat
and corn suffered a maximum tumble
Of about a cent a bushel today, with
lack of aggressive buying a conspicu
ous feature.
Traders were inclined to look for
lower-priced offerings of grain from
Argentina as a result of smashes in
sterling exchange. A decrease of
3,364,000 bushels in the United States
wheat visible supply total today was
virtually ignored.
Wheat closed weak, %al % under
Saturday's finish; May, 97a97tt; com,
î&alH down: May, 83*6883^; oate,
'/2»% off, and provisions showing 2a5
gain.
WHEAT— Open. Hieh. Low. Close.
May 97 .97Mi .96% .97-97%
July 911 ί .91% .9 ni .ftlV4-i.il
September.. 90s, .91 .90S 90%-%
TORN—
March 8514
May 83% .8.1», .«.'I1', .83%-%
July 79% .79' 2 .79% .7A%
September.. .76 Ve .76'» .75*· .75%
OATS—
May SO ,50>/4 .49%
July 43% .4:!'. .4·; η .43
September.. .4(1% .41% .40% .41
RYE—"*
May «4% .64% «4 .«4%
July 64% .'>4% .«4 .64
September.. .65% 12 .64"4 .64%
BARLEY—
May 75%
July 68
LARD—
May 13.65 13.65 13.60 13.65
July 13.72 13.77 13.72 13.77
September 13.82 13.90 13.80 13.85
BELLIES—
May 16.90
July 17.05
Chicago Cash Market.
Wheat, No. 2 red, 1.00; No. 2 hard,
1.05-05»/*; com, old. No. 2 yellow,
87-88; new, No. 2 yellow, 86%; No. 3
white, 90-90% ; oats. No. 3 white,
50-54 »/2 ; no rye; barley, 70-1.20;
timothy seed, 16.75-17.50 cwt.; clover
seed, 15.50-19.50 cwt.
Liverpool Quotation·.
LIVERPOOL. March 4 Wheat fu
tures closed steady.
Previous
Close. Close.
March ...... 67% 67
May <1% 7JJ»
July 74 74%
Exchange 4.74%.
Baltimore Quotations.
BALTIMORE. March 4 ΙΛΊ. — Wheat,
dose—No. 2 red Winter, tarlicky, spot,
domestic. 98; March. 98.
INSURANCE STOCKS
NEW YORK. March 4 MV—New York
Security Dealers' Association:
Bid. Asked.
Aetna Cas <2Vi·) ... 64% ββ.%
Aetna Pire (1.60) 46% 48%
Aetna Life (%·) 17% 19
Agricultural >3> 68'* 71%
Am Ins Newark <1%).... 12% 14
Am Reinsur (2 Va) 49% 51%
Am Surety (1).. 34% 36%
Automobile (1) 25 26'/i
Bait Amer 5 Va 6%
Boston 116) 544 554
Carolina U.JO») 23V« 24%
Conn Oen Life (80) 27V, 29
City of Ν Y (5t) 197 204
Fid & Dep <%t) 44% 47
Firemen's Ins 4% 5%
Prank Pire (1.05·) 25 2β>4
Glen Palls (160) 34 36
Globe & Rut 22%
Oreat Amer (1) 21 22%
Halifax (90) 17% 19·,ζ
Hanover (1.60) 34 % .36%
Hartford Pire (2) 58% 60%
Home Fife Sec . .. % l Va
Home Ins (1.05·) 27% 29
Lincoln Fire 2% 3%
Mua Bond... 1 r>'a l«%
Natl Fire (2) 59 ei
Natl Liberty (%♦) «% 7%
Ν Y Fire (.15t) 12 15
Nor River 1.70·) 22% 24,
Phoenix <214·) 74% 76%
Prov Waah (1.10) 33Vi 35%
St. Paul Fire <6> 168 ιβ3
eprinafleld 14%) 107 110
Sun Ufe. · 318 328
Traveler» (16)......... 3P!) 400
Τ» β Fire (1.40·), 44 46,,
Wastehestar (1.10·) ίβ 30%
^ •Jneluilna^ axtraa. ♦Declared or Paid
Hogs and Cattle
Set 4rYear Peak
On Chicago Mart
By the Associated Press.
CHICAGO. March 4 — Hog and cat
tle prices soared to new high prices
in more than four years today.
With receipts continuing on a near
starvation basis, bidding for hogs was
avid and prices rose fully 10 cents
above Friday's quotations to a top
of $9.60, highest since October 28,
1930. Buyers were forced to pay
$14 per hundredweight for best steers,
highest price since December, 1930.
Although hogs are now selling at
the highest point since the Fall of
1930, they are not as high as they
were In many other years when re
ceipts were twice a& large as present.
The run today was 17,000, a slight
bulge in marketing compared with
recent weeks, but still far below nor
mal.
The decrease in available pork sup
plies has reached an alarming situa
tion, according to market interests.
Some packing houses have curtailed
hog-killing operations because of the
supply situation. A reduction of
1,700,000 pounds of lard occurred last
month, taking the total stocks in the
seven leading Western packing cen
ters. to 73,000,000, compared with 135,
000,000 a year ago.
CHICAGO. March 4 ι/Pi (United States
Department of Agriculture».—Hoes. 17.
OOO. including 8.000 direct: active fully
10 higher than Friday; weights above
200 pounds 9.50a!».60; top. 9.60, new
high: 160-200 pounds. 9.25a9.50: light
lights. 8.75a9.35: slaughter pics. 7.00a
8.75: good packing sows. 8.75a8.85.
Light light, good and choice. 140-160
pounds. 8.rt5at».:ift: light weight. 180-200
pounds. O.lOaO.tiO; medium weight. COO
250 pounds 9.40a9.60; heavy weight.
250-350 pounds. 9.50a9.60: packing sows,
medium and good. 375-550 pounds. 8.00a
9.00: pigs, good and choice. 100-140
pounds. 7.00a8.90.
Cattle. 10.000: calves. 2.500; fed steers
and yearlings 26 higher, instances more;
market active but uneven at advance,
which puts all grades at new high for
season: killing quality comparatively
plain: up to 14.00 paid for 1.355-pound
averages: upper crust strictly good and
choice offerings. 13.00 vpward; several
loads. 13.50al3.85: all other killing
classes unevenly steady to 25 higher bet
ter-grade beef cows and yearling heifers
showing most upturn: slauchter cattle
and vealers. steers, good and choice. 550
900 pounds, 9.75al3.25; 900 -1.100
pounds. 9.75*13.85; 1.100-1.300 pounds.
10.25al4.00: 1.300-1.500 pounds. 10.50a
14.00: common and medium. 560-1.300
pounds. S.50al0.50: heifers, good and
choice. 500-750 Dounds. 8.25all.60; com
mon and medium. 5.00a9.50: cows. good.
6.75a9.60: common and medium. 4.25a
6.75; low cutter and cutter. 3.00a4.50;
bulls (yearlings excluded), good (beef),
B.25a7.oo: cutter, common and medium.
3.75a5.50: vealers. good and choice. 7.50
a9.50: medium. 6.00a7.50: cuU and com
mon, 4.00a6.00: stocker and feeder cat
tle. stèers. good and choice. 500-1.050
pounds. 6.25a8.50: common and medium,
5.00a6.25. , _
Sheep. 28.000: slaughter lambs slow:
indications 25 cents or more lower: sheep
and feeding lambs little changed; good to
choice wooled lambs, bid 8.50aK.60; ask
ing 8.75a8.85 and upward, some held
above 9.00: ewes. 4.50a5.25 mostly: bulk
00-05-pound feeding lambs. (5.50a7.25:
slaughter steep and lambs. Iambs. 90
pounds down, good and choice. 8.25a
9.10; common and medium. 6.75*8.40;
90-98 pounds, good *nd choice. 8.00a
9.00: ewes. 90-150 pounds, good and
choice. 4.00*5.50: all weights, common
and medium. 3.00a4.65: feeding lambs.
50-75 pounds, good and choice. 6.75*7 50.
SAVANNAH NAVAL STOBES.
- SAVANNAH. March 4 fJP).—Turpentine'
firm. 50'j: sales. 18: receipts. 3: ship
ments. 85: stock. 11.425. Rosin firm;
sales, ιοβ: receipts, β; ihlpmtnu. 1.135;
stock. 56.261. Quota:. Β 3.85: D. 4.00:
, a:7o(fSi. 4.7i^°ii. ° .so; wo1 e'eSf ww
and X. 6.30.
*
By the Associated Press.
NEW YORK. March 4 —Cotton was
quiet today with prices declining in
response to easy Liverpool cables and
scattered liquidation. Active months
sold ebout 7 to 10 points net lower
with May ruling around 12.39 at 2
o'clock.
Liverpool QuoUtUns.
LIVERPOOL. March 4 iSV—Cotton. Jio
receipts. Spot moderate business done:
prices 6 points higher. Quotations In
pence: American strict good middling.
7.80; good middling. 7.50: strict middling,
7.35: middling. 7.20: strict low middling.
7.05: low middling. « 80: strict good ordi
nary. 6.60: good ordinary, 6.30. Futures
closed steady. March. 7.01: May. β.05:
July. β.89: October, 6.77: December. 6.75;
January. 6.76.
U. S. TREASURY NOTES.
(Reported by Chas D. Barney & Co.)
Rate—Maturity Bid. Offer
-is Mar. 15. 10.15. 100 30-32 101
3 s June 15. 1035. 101 19-32 10121-32
ofc A25· A· ÎS35· 1016-32 1017-32
or?8 9*c }? 1835. 102 0-32 102 11-32
2*>s Apr. 15. 1936.103 8-32 103 10-32
1V.S June 16. 1936. 1017-32 1019-32
?fës £U*L 1»3β. 104 11-32 104 13-32
li?s Sent. 15. 1936. 10131-32 102 1-32
£ϊ£· }5· 1936. 104 13-32 104 16-32
3î ?*b· ί5· 1937.104 31-32 105 1-32
'.if ÙPTL 15 1937.105 5-32 105 7-32
*?.«2S SîS'· 15 1R37· 106 5-32 106 7-32
Feb. 1. 1938. 104 27-32 104 29-32
3» Mar. 15. 1938.105 27-32 105 29-32
2%S June 15. 19.i8. lOS 16-32 105 18-32
2'is Sept 15. 1938. 104 14-32 104 16-32
2*8 June 16. 1939. 103 103 2-32
STEEL QUOTATIONS.
NïW YORK. Marcb 4 t/Pi.—Steel prices
Mr 100 pounds, f.o.b. Pittsburgh
Blue annealed sheets, hot rolled. 2.00.
Qalvanized sheets, 3.10.
Black sheets, hot rolled. 2.45..
Steel bars. 1.80.
FAILURES TOTAL DOWN.
NEW YORK, March 4 (Λ·).—Busi
ness failures in February numbered
1,005, compared with 1,184 in January
and 1,049 in the same month last
year, according to reports to Dun &
Bradstreet.
NEW YORK BAR SILVER.
NEW YORK, March 4 04>).—Bar |
silver steady, % higher at 58.
Market Averages
Compiled by the Associated Press.
STOCKS.
todust Raui.tfui.stocki
Net change.. —.3 —.2 —.1 —.2
1 p.m 63.0 21.2 23.0 37.6
Previous day. 53.3 21.4 23.1 37.8
Month ago. . . 62.9 22.9 24.9 38.4
Year asro 58.3 38.» 35.8 47.8
1935 high... 56.6 27.6 2β.β 41.6
1935 low 52.0 20.5 22.8 37.4
1934 high.. 61.4 43.0 40.β 614
1934 low. .. 46.3 22.8 24.2 34.9
1932 low 17.5 8.7 23.9 16.9
1929 high. 146.9 153.9 184.3 157.7
1927 low.... 61.6 96.3 61.8 61.8
BONDS.
20 10 10 10
RaUs.Indust.Utn^or'gn
Net change.. —.2 —.3 .... —.4
1 p.m . 82.6 94.6 88.7 69.7
Previous day. 82.8 94.9 88.7 70.1
Month ago... 85.2 94.4 87.9 69.7
Year ago 86.8 84.8 82.0 67.7
1935 high. . 87.8 96.» 88.9 70.4
1036 low . . «2.4 03.0 84.5 68.6
1934 high... 89.4 92.$ 88.9 70.0
1934 low.... 74.6 73.7 68.2 60.2
1932 low... 45.8 40.0 94.8 42.2
1928 high ..101.1 «8.9 102.0 100.5
Low-Yield Bends.
1 p.m 110.2 Prev. day. 110.2
Montb ago 108.7 Year ago.. 104.0
lg| hjlh. 110.2 1935 low. , 107.9
BUT VOLUME LAGS
Many Leaders Drop Only
Fractions as Gold
Soars at London.
BY VICTOR EUBANK,
Associated Press Financial Writer.
NEW YORK, March 4.—Price* In
the stock market today showed a
moderately downward trend as Lon
don gold was pushed up to another
record high and the pound sterling
sagged. Trading was at a slow pace,
however, and many of the equity
leaders were only fractionally lower.
Johns-Manville lost 2 points, while
Case and Spiegel-May-Stern yielded
a point or more each. General
Motors. American Telephone, U. S.
Steel, Consolidated Gas and Ν. Y.
Central were slightly in arrears. The
late tone was easy. Transfers approxi
mated 430.000 shares.
With London gold being marked up
to a new record high, and sterling con
sequently slumping nearly 5 cents at
one time, enthusiasm for stocks was
notably cool. Wall street, however,
seemed to be more confused than
downhearted, and many equities yield
ed only small fractions. The specu
lative pace was about as slow as that
of Saturday.
U. S. Government securities firmed
on announcement of the Treasury's
low-yield terms for its March 15
financing. Commodities, including
grains and cotton, pointed downward
along with stocks.
Minor recessions were shown by
such utilities, rails and motors as
American Telephone. Consolidated
Gas. Public Service of New Jersey,
Santa Pe. Ν. Y. Central, Southern
Pacific, General Motors and Chrysler.
There were a few soft spots. Johns
Manville dropped 2 points.
Market opinion^ were quite mixed,
with the majority of bullish hopes
being pinned on a moderate Spring
rise in trade and the bears arguing
that the money situation, both here
end abroad, is more uncertain than
ever.
Those more pessimistically inclined
expressed the fear that the gold-bloc
nations would be forced off the metal
lic standard with a resultant dis
turbance to securities and staples
markets. At the same time some
banking quarters felt that interna
tional currency stabilization will come
quickly if this happens.
In line with inflation discussions,
much interest was evident in the as
sertion of Representative Patman that
the $2.000.000.000 soldiers' bonus bill
will be passed by two-thirds of the
House and Senate, enough to override
a presidential veto.
VISIBLE GRAIN SUPPLY.
NEW YORK, March 4 04»).—The
visible supply of American grain
shows the following changes, in bush
els: Wheat decreased 3.364,000, com
decreased 1,717,000. oats decreased
75,000. rye decreased 175,000, barley
decreased 407,000.
MONEY MAEKET.
NEW YORK. March 4 HPi.—Call money
steady: 1 per cent all day.
Time loans steady; 60 days-6 months.
34-l Per oent
Prime commercial paper. 54.
Bankers acceptances unchanged: 80
cays. Λ-Va: «0-1)0 days. Λ-ν»; 4 months.
5-6 months. 12-J«.
Rediscount rate. New York Reserve
Bant_Per_cent______________
ARE YOU HOLDING"
Non Dividend-Paying Securities?
If so. U will be decidedly to your
advantage to communicate with
this advertiser All replies strictly
confidential.
Address Box 169-E, Star Office
"Γ =?i
All BONDS ...
... STOCKS
Bought—Sold—Quoted
I. L0WE3GRUB CO.,
Inc.
Investments
Shoreh&m Bids. M Et. 136S
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BUILDING ASSOCIATION
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LOANS
On Improved District of
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73rd series of stock now
open for subscription
First
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B. F. SAUL CO.
925 15tb St. Nail. 2100
Trust
Loans
For Purchasing a Home or
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