Evening star. [volume], March 19, 1935, Page A-18, Image 18

About Evening star. [volume] (Washington, D.C.) 1854-1972

Image provided by: Library of Congress, Washington, DC

                
BANKERS SPONSOR
EM C0NTES1
Members of A. I. B. Chapter
Will Get Chance to At
tend Conclave.
BY EDWARD C. STONE.
Washington's junior bankers are to
be given an opportunity to attend the
annual Convention of the District
Bankers' Assc elation, at Hot Sprfhgs,
by entering and winning one of the
first three places in an essay contest.
The parent association announces that
It will sponsor an essay contest, open
to all members of Washington Chap
ter. American Institute of Banking,
below the grade of cashier or treasurer,
who are in good standing on April 15
end who are employes of member
banks in the association.
The subjects for consideration are:
•'Trends In Banking." as they eHect
(a) management and personnel, (b)
credits and investments, (c) customer
relations, and (d) earnings and ex
penses.
The papers, not to exceed 3,000
words, must be typewritten on one side
of the page, double spaced, and sub
mitted In triplicate form to Miss
Gwladys M. Keer. assistant secretary
of the bankers' association, not IMer
than May 10, 1935. Papers must bear
fictitious names and must be accom
panied by a sealed envelop contain
ing the name and address of the
author, and also the name signed on
the paper. These envelopes will be
opened after the awards have been
made.
Frederick P. H. Siddons. president
of the District of Columbia Bankers'
Association, said today: "I am very
glad that the bankers' association de
termined to have an essay contest this
year for the members of Washington
Chapter. The subject selected, 'Trends
In Banking,' is a very broad one, and
should give every member of the chap
ter a chance to participate in the
contest."
Due to the many changes which
have taken place in the past few years
In the field of banking, this contest
should prove of interest not only to
entrants but to each individual bank
ing institution.
Bankers Flan Spring; Dinner.
The pre-convention dinner of the
District of Columbia Bankers' Asso
ciation will be held on Friday evening,
April 26, at the Columbia Country
Club, according to Frederick P. H.
Siddons, president of the association.
A committee, consisting of Charles
H. Doing, first vice president of the
association; Karl W. Corby, second
vice president; Thomas J. Groom, sec
retary, and Lanier P. McLachlen. pres
ident of the McLachlen Banking Corp.,
has been appointed to make arrange
ments for the event.
As has been the custom, a golf tour
nament will be held in the afternoon
to compete for the Robert V. Fleming
Cup, which is awarded yearly to the
active officer of a member bank with
the low net score. Other prizes will
be awarded.
This dinner is attended by active
officers and directors of the local
banks. A large gathering is expected.
$24,000,000 Baby Bonds Sold.
About $24,000,000 of United States
Raving bonds, so-called "baby bonds."
were sold in the first 14 days of their
Issue. The actual total was $23,183,
953, with many cities and post offices
yet to repdft. The maturity value
of the bonds purchased was about
$31,000,000. There have been more
than 48,000 buyers, and the average
purchase has been $438 to the buyer.
The Treasury has announced that
tenders for two series of Treasury dis
count bills, dated March 20, totaled
$171,976,000 of which $100,131,000
were accepted.
Applications for $50,000,000 of 182
day bills totaled $104,570,000, of which
$50,125,000 were accepted. Bids
ranged from 99.965, equal to a rate
of about 0.069 per cent a year, to
69.948, or a rate of about 0.103 per
cent. Average price was 99.953, and
the average rate about 0.094 per cent.
Applications for $50,000,000 of 273
day bills totaled $67,406,000, of which
$50,006,000 were accepted. Except for
one of $10,000, accepted bids ranged
from 99.901, equal to a rate of about
0.131 per cent a year, to 99.883, equal
to a rate of about 0.154 per cent.
Bankers' Co-operation I'rged.
Secretary Morgenthau has sent a
telegram to financial institutions
asking the fullest co-operation in con
nection with the exchange of the
fourth 4'/i Liberties for the new
offering of 2% per cent Treasury
bonds. The bonds called for re
demption April 15 are designed as
"Third-Called Fourth 4i/4s."
The Richmond Reserve Bank has
sent to every bank in the fifth dis
trict full information on the way the
bonds should be handled. The rules
cover both the coupon bonds and
the registered bonds. The Richmond
bank has also mailed complete in
structions on the calling of all out
standing first Liberty loan bonds.
The Securities and Exchange Com
mission announces the appointment of
Robert G. Page as head of the New
York regional office of the commis
sion. Mr. Page is a lawyer and is
best known in Washington as secre
tary to Supreme Court Justice Bran
deis in 1926 and 1927.
Exchange Quotations Firm.
Capital Traction bonds again sold
*t 97 on the Washington Stock Ex
change today. Washington Gas Light
6s, series B, came out at 103%, the
remaining trading being in stocks.
Lanston Monotype figured in small
lot sales at 50, unchanged, and Mer
genthaler Linotype recorded four
transfers at 30, also unchanged from
other recent sales. Capital Transit
etock was quoted today at 21'/2 bid
and 23'ί asked, with no sales.
Irving Lowengrub, who heads a
local investment firm bearing his
name, will be back at his desk at the
end of the week. He has been con
fined in a hospital at Aiken. N. C.,
but now is convalescing at his nome
-here.
'['hΛ Πήηηνηΐ Τ r _
ance Co., St. Louis, reports that the
Washington office was one of 23
which showed an increase in busi
ness in February over February a
year ago.
CHICAGO PRODUCE.
CHICAGO, March 1 i) —Poultry, liv?,
82 trucks: steady; hens, ft Pounds ano
under. 20 W. more than 5 pounds. lftf/j;
Leghorn hens, 17; Rock fryers. 2414;
colored, 24·,·i; Rock Springs, 20; colored,
SO; Leghorn. 14'/i: Rock broilers. 24'iia25;
colored. 24li; barebacks. 18a20: Leghorns.
21 ; roosters. 14',a; turkeys. I4a21; ducks.
4'7 Bounds UP. 20a21; small. 18; geese.
16; capons, 6-7 pounds. 24.
Butter, 10,210; firmer. Creamery—
Specials i93 score». 30830',j: extras <02),
29·/2: extra firsts <90-01). 29a29V«; firsts
*88-89). 281ia28i<; seconds <86-87). 28;
standards (90. centralized carlots). 29',.
No butter sales. Eegs. 22,021 : steady;
extra firsts, 20,<ia21',4: fresh graded first»,
2u>/4a20Ji: current receipts. 20: storage
packed firsts. 22: extras. 22 V« Egg sales.
600 cases: current receipts. 20
Potatoes. 58: on track. 370: total United
States shipments. 644: old stock, round
whites, weak: demand slow: russets steady,
trading light; supplies heavy: Wisconsin
round whites, commercial grade. 60: Wis
consin Russet Burbanks. D. S. No. 1 1.15:
Idaho Russets. V. S. No. 1 mostly 1.60
»S5. few 1.67%a90; commercial. 1.32Vi
δ35: fair quality. 1.27%: 15-pound sacks.
8. No 1. 1.67<4 hundredweight: new
•toek. Florida, busoal crates. Bltsa Tri
mmpha. c. a Ho, X. washed, £.00.
▲
TRANSACTIONS ON THE NEW YORK STOCK EXCHANGE
i
Prev.
High.
7%
89
33%
UM
8*»
115H
201»
3',
1%
7
141
17%
67
67*i
18".,
Û4
29%
123
157%
20%
45%
76%
33%
10%
88 Vi
3
5%
23s*
32%
4%
6*4
20».
5fi^j
23%
7%
17%
3%
131»
15'4
16V,
138
24
26't
40%
112
126
69
18%
92
4.'!
70%
107%
86%
138 ' ~
6%
19%
14%
60
45%
4%
38%
12%
19%
17%
411.
106%
6%
70%
13%
55%
86%
37%
25%
43
29%
14
5%
1P35
Low.
4Vi
84*4
28%
8
6%
104%
15%
2
1
2%
125
12
48%
45%
13%
43
22%
110
151%
10
25%
66
22%
6%
67%
1%
2
14
30».
3%
4%
9
32%
18%
5
13%
1%
8%
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134
15%
20
31%
103
121
63
12
88
34
57',
98%
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129%
2%
9
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63%
35%
3
35
8
16%
14',
36
99%
3%
60%
7',
37»4
74%
20
21%
36
15
6%
• 3
By private wire direct to The Star.
2:30 p.m.
Stock and Sales—
Dividend Rate. Add 00. Hlzh
Adams Express... .
Adams Expr pf (5).
Adams Millie (2)...
Addressograph....
Affiliated Prod <60c)
Air Reduction (3)..
Alaska Jun (tl.20).
Albany Wrap Paper
AllegCorp Ik)
Alleg pf w)30w(k).
Allied Chem (6)....
Allis-Chalmers.....
Amerada Corp (2)..
Am Ag Chem Del'2)
Am Bank Note
Am Bank Ν pf (3 )..
Am Brake Shoe 80c.
Am Can (t6)
Am Can pf (7)
Am Car & Foundry.
Am Car & Found pf.
Am Chicle <t3% )..
Am Comcl Alcohol.
Am Crystal Sugar..
Am Crystal Sug pf.
Am Ensaustlc. .....
Am & Foreign Pwr.
Am & For Pw pf (7)
Am Home Ρ (2.40).
Am Ice Co
Am International...
Am Locomotive...,
Am Locomotive pf..
Am Mch & Fv <80c)
Am Mach & Metals.
Am Metals.........
Am Power & Light.
Am P&L J5 pf (IVi )
Am PS-L $6 pf <1H)
Am Hadlator
Am Radiator pf (7)
Am Rolling Mills...
Am Shlpbldg (2)...
Am Smelt & Ref....
Am S&R 6% pf (j3).
Am S&M 1% pf (7).
Am £nu<T 113% )...
Am Steel Foundry..
Am Stl Fdry pf <2).
Am Stores (t2V4)...
Am Sug (2)
Am Tel & Tel (9)...
Am Tobacco Β (5)..
Am Tobacco pf ( 6 ).
Am Type Fdrs (k).
Am Type Fdrs pf(k;
Am Water Wks (1).
Am Wat W 1st (6)..
Am Woolen pf......
Am Zinc & Lead....
Am Zinc & Lead pf..
Anaconda Copper...
Anaconda Wire. . ,Ί
Anchor Cap (60c)...
Archer-Dan M tl >4 .
Armour Del pf (7)..
Armour of Illinois..
Armour ill pr pf (6)
Asso Dry Goods....
Atch To&S F < h2 )..
Atch To&S F pf (5).
Atlantic Coast Line.
Atlantic Ref (1)....
Atlas Powder (2) ...
Auburn Auto
Austin Nichols.....
Aviation Corp Del..
11
10s
1
2
1
4
16
2
10
2
4%
87
30
9H
7%
Low.
4%
87
30
9%
7%
105% 105
16% 15%
2%
1
3%
1
1
2
60b
1
7
1
2
3
1
8
9
."80s
1
6
8
4
2
3
2
1
1
18
2
15
2
1
47
2%
1
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2 127% 126%
3 13% 13%
50
45
15%
54
22 Vi
114
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45
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15j% 156%
11
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5
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9%
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11»»
10s 138
10 17
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22%
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1 105>4
2 126'„
1 64
2 13'4
70s 91
2 34%
7 59%
63 100%
78
138
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120 s
23
16
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2
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76
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31
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11
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Wet
Close. Chge.
4% + %
87 - HI
30
9% + %
7% - %
105 + %
16% + %
2% - %
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127% 42% I
13% + %
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54
22% - Vi
113% + %
156% - ■%
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72% + Vi
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5 ■+■ Vi
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34 - Ή, I
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100% -f 1%
78 +1%
138 +1
2%
9% + v,
8% + ■%
3%
6*» 1% Baldwin Loco ( k )..
26*4 8*< Baldwin Loc pf(k).
15 7%· Baltimore & Ohio..
17% 9', Baltimore & Ohio pf
7 5% Barnsrtall Corp
44»» 37% Bayuk Cigar < b4)..
Ill 107% Bayuk Cig 1st pf(7)
17% 11% Bendix Aviation. ..
17·% 15% Beneficial Loan 1 % .
38% 34 Best & Co (2)
34% 21% Bethlehem Steel....
77*4 55% Betljehem Stl pf. ..
26% 15 Bigelow-San Corp..
13% 9% Blaw-Knox
10 6% Boeing Airplane....
98 90 Bon Ami (A)lt5)...
59% 49% Bohn Alum&Br (3).
26% 21% Borden Co < 1.60)...
34% 28% Borg Warner (1%).
30% 24% Briggs Mfg ( 2 )
31% 23% Briggs & Strat (»)..
36% 32 Bristol-Myers t2 40
44% 36% Bkln-Man T(a76c)..
96V, 90 Bklyn-Man Τ pf (6)
52 43 Bklyn Union Gas(5)
6X4 4% Brunswick-Balke..
6% 4V4 Bucyrus Erie
13 8% Bucyrus Erie cv pf.
5% 3% Budd <E G) Mfg . .
33 23 Budd tE«> Mfg pf.
4% Budd Wheel
15 8% Bullard Co
9% 3 Burn? Rros pf
15*· 13% Burr Add M <60c)..
3% 1% Bush Terminal (k).
22% 12 Bush Tr Bldg pf ct.
20% im By ere (AM)
63
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3 40*4
10s 111
11 12%
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7 36
28 23%
2 58
60s 15
1 10%
6 7%
50s 98
1 52*i
25 22%
16 31%
26 25%
2 27%
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+ », !
lu % Callahan Zinc 3 % % s,
4'« 2% Calumet & Hecla... 4 2*. 2% 2%
11»* 7% Campbell- Wyant... 4 8% 7% 8V* +
16% 9% Canada Dry G A (1) 4 10% 10 10 — % I
13*« 9% Canadian Pacific... 47 10 9% 10 + %|
36 32 Cannon Mills (2)... 3 32% 32 32
7% 4'·: Capital Admin (A). Ml 4% 4%
63 45*» Case (J I) Co 19 48V* 47 48 + 1
99 84 Case (J i)pf(4).... 100s 86 86 86 +2
44 36'i Caterpillar TracCl) 8 38% 38% 3Sav -t
35% 19%Celanese Corp 23 20*4 20% 20%+ %
25% lî%Celotex Co pf (k)... lus 12 12 12 - %
27>/4 22%Cent Agulre (1%).. 6 25 2ft 2-5
47 38% Cerro de Pasco ( 2) . 6 4ί% 41% 42% +1*4
6% ?% Certaln-teed Prod.. 2 44> 4 4
45% 37% Ches & Oh'o (2 80). 9 38% 38', 38% + Η
44% 36 Chesap Corp (3 >. .. 2 38 37V» 37% + %
2% % Chi Gt Westn <k).. 1 % % %
4% 1% Chi Gt Westn pf(k) 12 1% 2
3 IV4 Chi Mil St Ρ & Ρ .. 4 Hi 1% 1% - H
4*4 2 Chi Mil St Ρ & Ρ pf. 12 2% 2% 2Vi
5·% 2% Chi & Northwestrn. 4 3 2% 3
10s» 4iiChi & Northwest pf. 1 6 6 6 + %
26% 20 Chi Pneu Tool pf... 3 22% 22 22% +1%
2*. 1 Chi R 1 & Ρ (kl 1 Hi 1 % 1% + %
4* 1% Chi R t&P 7% pf (k) 3 1% 1% 1%
29*4 25% ChickashaCO (2). 2 26 26 26
7% 3% Childs Co 1 6% 6% 6V* + 2%
42% 31 Chrysler Corp (1)..1 82 33% 32% 33V* + %
22% 20 City Ice & Fuel (2).. 1 21 21 21
1% % City Stores (k) 16 % % %
% % City Stores ctfs ik) 1 % % %
15 12% Clark Equip 180c) .. 1 12% 12% 12% + %
180% 161% Coca-Cola <t) 4 180% 180 180% +1
57% 55% Coca-Cola <A> )<3). 4 67% 57'* 57V, + %
I8V4 16% Colgate· Ρ-Ρ <50c).. 4 17 16% 17 - %
15% 9 Collins & Aikman.. 2 9% »% 9% + %
85 69s. Collins Λ Alk pf 17) 50s* 70 70 70 —2
7% 6% Colonial Beacon Oil 200* 7 6% 7 + V4'
5% %CoIo Fuel & Ironlki 5 1% IV* 1% + %
281·! S Colo Fuel & [r pf(k> 60s 10 8 10 +1%
19% 10% Colo a South 20s 13 12% 13
7*4 3% Col Gas & Elec 21 41* 4 4% + %
59V4 35%Col G & Ε pf A (6).. 5 41 38 41 +3%
61*4 31 C0IG& Epf Β (δ).. 40e 34Vi 33% 34V4 +1'/,
45% 34%Colum Pic vtc (ml) 2 41 40% 41 +1
79% 67 ColumbCarbon (4). 5 73% 72% 73 + %
471.4 39% Cornel Credit (2)... 19 41% 40% 41%+ %
57% 52' 1 Cornel Credit (A 1(3) 1 55% S5% 55%
113 109%Comcl C 1st pf(6%) 20* 111% 111V4. 111%
62% 56% COmcl Inv Tr t2 Vi. 4 SB 57% 58 +%
23% 17% Comet Sclv (t85c). 20 18% 18% 18%+%
1% % Comw & Southn.... 35 % % %
'40% 29V* COmw & Sou pf (Î). 8 33% 32 33% +1%
34% 27 Congoleum-NU 60) 7 28% 27% 28%+^
42 23% Conn Ry & Lt (4%) 20s 25 25 25
10% 7 Consol Cigar 3 7 7 7 — %
82 71%ConCprpf w, 6%. 10s 72 72 72 -4
7% 4%Consoi Film 3 4% 4V4 4% + Vi
22% 17% Consol Film pf (J2). 4 18% 17% 17%-%
22% 15%Consol Gas Ν Y (1). 60 17*1 17% 17%+%
82 72%Consol Gas pf ■&).. 5 76% 76 76
2% 1% Consol LaundrlfS... 7 1% 1% V.$
8*4 6%Consol Oil (h«2c)... 15 6% 6% 6*. + %
1% Vi Consol Textile ..... 1 % % %
13% 9% Container Corp 1 A). 6 1PV4 9% J0!4 + %
5% 3% Container Corp 1BJ. 2 3% 3% » 3%
1 *4 Contl Baking 1B)... 2 % \ % + V4
73% 62*4 Contl Can (2 401 ... 10 66% 65% 66%+ %
34 28%Contl insur 4*1 35). 1 29% ' 29% 29% - %
1% % Contl Motare.^ .. 4 % % %
19% 15% Cont 0(Del)al2%c. 7 15% 15% 15%
48% 41% Corn Ex Bk&Tr (3). 640s 43 42% 43 +1
68 62 Corn Prod Ref <S).. 6 6414 63 64%+1%
6% 4% Coty Inc.. .......... 4 4% 4% 4%
39% 35% Cream of Wht t2H · 10 38% 38% 38%+%
28 23% Crown CAS il').... 1 24 24 24 + %
45 43% Crown C&S pf (2.70) 2 45 44% 45 + %
5% 3% Crown-Zellerback.. 2 3% 3% 3% + %
1% 1 Cuba Co 1 1% 1% 11* + 1*
7% 5%Cuban-Am Sugar... 4 6 6 6 + %
58 40% Cuban-Am Sugar pf 210a 55% 54% 55%+1%
47% 41 Cudahy Pkg (2%).. 2 42Vi 42% 42%+%
22% 15 Curtis Publishing.. 1 15% 15% 15V4 + %
3 2 Curtiss Wright 30 2% 2V* 2% + %
10% 6%Curtiss Wright (A) 28 7% 6% 7%+%
20% 16 Cutler Hammer. ... 2 16 16 16
8% 7 Davega Strs (alOc) 2 7 7 7
31 2t*4 Deere Λ CO 6 24 23*4 24 + % I
22% 19 Deere&Co pf (,120c). 2 21 20% 20% + % |
43% 24 Delaware A Hudson 11 25*t 25% 25%
19% 11 Del Lack A West... 6 12% 11% 12%+ %|
4% l%Den& RG W pf.... 1 1% 1% 1%
78 65 Detroit Edison (4). 1 66 66 6β
50% 38 Devoe & Κ ( A) ( t2).χ 1 38% 38% 38%+114 |
117 114% Devoe & R 1st pf <7)x 10s 116% 116% 11614 +3
29% 26% Diamond M (tl%). 3 28 28 28 - %
41% 34% Dome Mines (2)... 11 39% 39 39% +1%
24% 17% Douglas Aircraft. « 12 19% 19% 19%+1%
7% 6% Dresser Mfg Β 1 6% 6% €%
5% 8 Dunhill Interna tl.M 2 3 3 3
99% 86% Su Pont A· M (1.60) . 22-88% 87% 8814+1
f
STOCK AVERAGES
Compiled by the Associated Press.
30 15 15 60 ·
Indust. Halls. Util. Stocks.
Net change +.4 4 .4 +.3 4-.4
Today, 1 p.m 49.9 19.2 22.1 35.3
Previous day 49.5 18.8 21.8 34.9
Month ago 55.2 23.8 23.5 39.4
Year ago 56.1 37.8 35.4 46.3
1935 high 58.6 27.6 26.6 41.6
1935 low 49.5 18.5 21.6 34.8
1934 high 61.4 43.0 40.6 51 4
1934 low 45.3 22.8 24.2 34 9
1932 low 17.5 8.7 23.9 16.9
1929 high 1449 153 9 184 3 157.7
1927 low 51.6 95.3 61.8 61.8
2:30 ρ m
Prev. 1935 Stock and Sales— Net.
Hich. Low Divlduid Rate Ada 00 Hich Low. Close Che·.
107 104 Duquesne Ll 1st (6) 50a 10514 104% 105% +1
8 3«< Eastern Roll Mill·.. 2 4H 4% 4*» + Η
123% 110% Eastman Kod (6)... 5 118 117% 117'» + %
20% 16H Eaton Mf* (1) 6 17% 171* 17% + %
Th 3'» Eitington-Kchtld.. .■> 2 4 3*« 4
29 19% Electric Auto Lite.. 18 20% 20· 20'»+%
110% 107 Elec Auto Lite pf T. 60a 110 110 110 -
6V* 3'i Electric Boat 2. 4% 4% 4% +
8% 6*4 Elec & Mus lnd.,,, 3 67* 6*4 6*i —
3 1% Elec Pwr ft LlKht.. 12 1% 1% 1% +
7V4 2% Elec Pwr&Lt 86 pf.. 5 4% 4 4% +
8% 3 Elec Pwr&Lt $7 pf. 3 4!» 4% 4% +
49% 39% Elec Stor Bat (2*4 )· 1 40 40 40
20% 14% Enc Pub Svc $5 pf. . 1 14 14 14 — V
2Hi. 14% Εηκ PS |ϋ 60 pf \vw 1 1Γ· 15 15 - *
22% 16% Εηκ Pub Svc »6 pi.. S 16 16% 15%—1
5% ft EquII Office Bids... 3 5 6 5
14 7% Erlp R R 4 8 8 8
12% 10*4 Eureka Vac Cl(SOc) 3 101» 10% 10%
9% 4% Fairbanks Co pt.... 80s 4% 4 4 — H
24% 17 Fairbanks-Morse... 3 21% 21% 21%+1
84% 28% Fid Ph F Ins (Τ 1.35) 1 2!» 2» 29 -1
18'» 13% Firestone HOC)..... 1 14% 14s. 14%+%
94'·* 86 Firestone pf A (6).. 4 87 85 87
56 46"'« First Nat Strs(2%) 2 48% 48 48% + Ψ,
17% 9% Foster-Wheeler .... 2 10% 10% 10% ■+ %
77 60% Foster-Wheeler pf. 10» 62% 62% 62%+2V<
10% 4% Foundation Co..... 2 6 5% 6 + V4
13% 8% Fox Film tA) 9 8", 8", 8%+ %
26 17% Freeport-Texas (1). 9 18% 17% 18% +1%
2% 1 Gabriel Co (A) 1 1% 1% 1% -
9% 8 Gamewell Co 110s 8% 8 8
7% 5% Gen Am Investors.. 1 5% 5'» f.% -
38% 32% Gen Am TransO % ) 1 33% 33% 33%
18% 11«4 Gen Asphalt 5 13% 12% 13
9% 7% Gen Baking t60c).. 5 8 7% 8
125 115 Gen BaKln* pf (8).. 21 s 124 124 124 +1
7% 5% Gen Bronze 2 6% 5% 5% + Vi
7 4% Gen Cable (A)..... 2 4% 4% 4% - %
25% 20% Gen Electric '«de).. 70 21»» 21 21··,+ %
11% 11 Gen Elec spec (60c) 390s 11% 11% 11%
35% 32% Gen F oods ( 1.80) · ·. 15 «33% «13 33%
% % Gen Gas & El ( A >.. 1 % % % — %
13% 10 Gen G&E 6T.CV pf A 1 10»» 10% 10% + ».
65% 69%Gen Mills (3) 1 62 62 62
34% 26V Gen Motors (1).... 61 28 27% 28 +%
113 107% Gen Motors pf <5).. 2 113 112% 112H - h
24% 17% Gen Print Ink 1.20.. 60s 23 22% 23
100 93% Gen Print Ink pf (6) 10s 99 99 99 -1
1% % Gen Realty & Util.. 2 111
19% 15 Gen Keal&U pt ww. 1 14% 14% 14% — %
19% 16% Gen Kefre cctfs.... 27 18*» 17% 18%+1
15% 12 Glllett Sat liar (1). 20 13% 13% 13%+%
77'» 70%. Gil let t Sa Γ H pf 15 ). 1 74 74 74 + %
3% 2% Glinbel tiros 3 2% 2% 1%
27% 23*·, Glidden Co 4 tl-301. 2 25% 25 25%+*,
108% 104%GI,dden Co pr pf (7) 180s 107% 107 107
4"» 2% Gobel 1 Adolf) δ 3 2% 3 +
18 15·'. Gold Dust tl 20)... 14 15% 15% 15% —
11% 7% Goodrich t Β F>.... 4 8% 8 8% +
54% 40 Goodrich (B F) pf.. 3 41 40% 41 +
26% 15% Goodyear Τ Λ R.... 9 17% 16%. 17% -t·
5% 3 Gotham Silk Hos·.. 1 2% 2% 2». -
3% 1% Graham-Paige 3 1% 1% 1%
7% 6*. Granby Consol..... 2 5% 5% 6% —
5 2% Grand Union 1 2% 2% 2*% +
29% 17 Grand Union pf 1%. 1 20% 20% 20%
35% 29 Grant tW TltTHi) 6 29% 29 29% +
17% 9% Great Northern pf.. 17 10% 10 10% +
12% 9V« Great Nor Ore 150c) 4 9% 9% 9% -
31% 26% Grt West Sue (2.40) 6 30% 29% S0% +
128 119 Grt West Sug pf<7) 10a 127 127 127 -tl
7V4 4% Hall W F Printing. 2 4 4 4 -
6% 3% Hahn Dept Store».. 2 3% 3% "«» — %l
15 63 Hamilton Watch pf 40s 66 65% 66 +1%
3% 1% Hayes Body 5 1*» 1% 1% + % I
94% 85 Hazel Atlas G1 (6).. 4 89 87% 89 fl%
107% 104 Hershey C pt itô).. 1 106% 106·» 106% - %
391% 338 Homestake M (T36) χ 1 368 368 368 +6
36% 30% Houd-Hersh A (32). 4 32 31% 32 + "»
9% 6% Houdaille-Hersh B. 11 7% 6% 7%+%
56 49 House Fin pt (3% ). 3 57 57 57 -r2
17% 9% Houston Ull 2 10% 9% 10% + ?»
3% 1% Houston Ull (new). 12 2 2
52% 43 Howe Sound (3)... χ 2 45s» 45 45 + %
13% 6%· Hudson Ai Man pf.. 5 7 6% 6% — %
12% 8 Hudson Motor Car.. 7 8% 8% 8% + %
3% 1% Hupp Motors 3 2 2 2 + %
17% 9% Illinois Central 2 10% 10 10 +%
33 25% indus Rayon ( 1.61) χ 14 26% 25% 26%-rli|
55% 46% Inland Steel ( 1 ) .... 1 47% 47% 47% +1
4% 4 Insur Sbct Md 14c., 2 4% 4 4
3 1% Intercontl Rubber.. 1 1% 1% 1%
7 1% Interlake Iron...... 1 4% 4% 4%
42% 31 lnt Agriculture pf.. 1 33 33 33 +2
161% 149% lnt Bus Mach (p6) .·. .2 153V, 152% 152V» —1%
6% 3% lut-Carriers Ltd 20e 2 4 4 4 +
33 22% lnt Cement 41»-... 4 23% 23 23% +
43% 34% lnt Harvester t'60c) χ 11 36 35 36 +1%|
2% 1% lnt Hydro Elec (A). 2 1% IS 1% - %
3% 2% lnt Merch Marine... 2 2% 2% 2%+ %
24% 22% lnt Nick Can < 60c). 22 23% 23 23%+%
3 IV» lnt Paper & Pw (A) 1 A. 1% 1*»
1% % lnt Paper & Pw (Β) 1 % % % + %
101 98% lnt Print Ink pi (6) 200» 100 99% 99%-%
31% 29 lnt Salt (1%) 2 29% 29% 29*., + %
45% 4:·% lnt Shoe (2) .1 42% 42% 42% - %
28 19% lnt Silver 1 17 17 17 -2%
9% 5% lnt Tel & Tel SO « 5*4 6 + %
12% 9 Interstate Dept Stra 2 9% 9% 9% + % I
36 31 Island Creek C (2). 1 30% 30% 30%-%
57 49 Jewel Tea (3) 1 53V* 53%
57% 3814 Johns-Man ville.... 13 40% 39%
53% - 1-,
40% +1%
7Î3 KaufmannDeptS40o 3 9% 9% 9»* +
% Kelly-Spring Τ Ik). 4 111
6 Kelsey-Hayes (A).. 2 11 10% 10% +
314 Kelsey-Hayes »B).. 11 81* 7% 81* +
14% Kelvinator <t70c).. 16 1514 15 15
13*4 Kennecott C <60c)·· 34 14"» 14% 14% +
3% Kinney (G R) Co... 1 3% 314 314
26% Kinney (U R> Co pf .60* 27 27 27 +
19»» Kresae (SS Ml)... 13 20*. 19*4 204* +
23% Kroeer Gr&Bk 1 «0. 4 24% 24 241* +
26% Lambert Co «3»... . 4 26% 26'* 26% +
1% Lehijih Vallev Coal. 2 1% IV* 1% +
ft Lehleh Vallev Κ Κ. 4 6'* 5% 614 +
67V* Lehman Cp< t2 65). 2 68 67% 68 +
2814 Lib-U-Kore HI* I 20» 8 24% 23% k3% +
21 Life Saver 11.60)... 5 21'4 21V* 21%
102 Hps & Mvers B(t6) 7 103W 102% 10*
156'* 151% Ligrg Ac Myers pf (7) 1 157V* 157V* 157'4 +
o0% 24% Liquid Carb ' tl ). 3 25% 24% 25% +
36% 31V* Loew s Inc (Î) 16 34% 34 34% +
104% 102 Loew s inc pf (6^4) 4 104% 10414 104% +
1 Loft Inc 9 1% 1 - 1%
33!* Loose-Wiles (2).... 4 34% 34% 34% +
19 Lorillard Ρ 02.20). 12 19% 19% 19%
10% Louisv G&E( A)1 ',4. 3 11% 11 11% +
13 Ludlum Steel 2 13% 13% 13% +
40 MacAndrews & F tS 1 45 4â 45
7% McCrory titra A <k) 14 9% 9 914 +
7 McCrory Strs Β (k) 2 8% 8% 8% +
86% Mclntyre Porcu (2) 17 45 44V4 45 +
6% McKesson & liob... 5 6% 6% 6% +
85% McLellan Strs pf <k 1 89 89 89
21% Maçk Truck 11 ) 9 21(4 21 21V4 - % I
34% Macv IK Hift Co(2) 5 35% 34% 35% +
1 Mallison & Co 1 1% 1% 1%
7 Mallison & Co pf... 10s 8 8 8
4 Manatl Sugar pf (k) 20s 4% 414 4% +
6% Marine M id 1(1 140c» ft ft% 5% 514
6*. Marshall Field .. 10 71* 6% 7W, +
2ΓΛ Mathleson Alkllli) 3 241* 24% 24%
86% May Dept Str *1 60) 2 37% 37% 37%+1V*
33 Maytag pf ww »3).. 1 38 38 38 — %
24% Mesta Mach UV4).. 12 29 28 29 +1%
2% Miami Copper 2 2% 2% 2%+%
9% Mid-Cont Pet(h50c) 8 1014 10 1014 + V*
8V* Midland Steel Prod. 1 9% 9%
60% Mid I'd Stl 1st pf (8) 20b 61% 61% 61%+?.
3% Minn Mollne Pow.. 4 4 3% 4
31 Minn Mollne Pow pt 1 33 83 33 +1
2% Mo Kan & Texas... 2 3 3 3 + %|
6 Mo Kan & Texas pf. 1 6% 6% 6%
1V4 Mo Pacific <k)..... 1 1V4 1% 114
1% Mo Pacifia pf <k)... 12 2 2
10% Mohawk CM (h25c) 6 11% 11 11% - % |
55 Monsanto C (1).... 2 58 58 58 +
21% Montgomery Ward. 30 23% 22% 23% +
% Mother Lode. ...... 1 % % %
17% Motor Products.... 8 18 17% 18 +
7 Mullins Mfg 1 7% 7% 7V4
36% Mulllns MfK pf.... 40s 50 49 49
4*4 Murray Corp 5 514 5% 5% —
1214 Nash Motors il)... 21 1314 13 13 + % I
14 Nashv Chat & St L. 20* 16 15 16 +2
4% Nat Acme Co ... 2 4% 4% 4%+%
% Nat Ry Mex 2d pf.. 1 14 % %-%
25V* Nat Biscuit 2) 20 25% 25% 25%+%
1314 Nat Cash Keg A 60c 5 141» 14 14V* + %
14% Nat Dairy Prod 1.20 17 H% 14% . 14%
114 Nat Dept Store <kl. 6 1% 1% 1% + % I
17% Nat Dep St 1st pf (k) 150s 19% 18 19 +1
24% Nat Distillers (60c) 66 28% 2714 28% + % I
23% Nat En * Stp* (hi) λ 1 24% 24% 24%+l%>
4K*tMPvr*I*(S0o>. }7 «4 i 6% + %
i
2:80 p.m.
Prev. 10.15 Stock and Bales— Met
High. Low. Dividend Rate. Add 00. High. Low. Close. Cbse.
50V4 40% Nat Steel <tl*)...· 4 41V4 41 41 - Vt
14% 9 Nat Supply Co..... 1 9V4 9V4 9V4
11% 8V4 Nat Tea (60c> 4 9 8% 9 + H
62 43(4 Newberry (J J) 1.60. 1 49V« 49V4 49Vi + %
21% 12HN YCehtralRR.... 19 13V4 12»* 13 + V4
25 9% Ν YChl&StLpf..-. 1 11% 11% 11% « V*
8 6(4 Ν Y Dock pi 1 4',» 4% 4%-1%
% % Ν Y Investors <k).. 2 % % % — %
8% 2% ΝΥΝ He Hartford 13 3% 3% 3% + %
14% 6 Ν Υ Ν Η Λ Hart pf. 4 7 6'/* 6% + V*
6 2% Ν Υ Ontario & West 2 3V4 3 3%+%
1 % Ν Y Railways pf... 1 % % % + %
16% 6% Ν Y Shipbuilding. .· 1 7V4 7V4 7% + %
36% 30% Noranda Mines (h2) 6 34% 33% 34% +1%
175 158 Norfolk & W (tlO). 1 158(4 168V* 158(4 + V»
4 2 North Am Aviation. 16 2% 2% 2V4 + %
13V4 9 North Am Co 11)... 29 10 9% 10
42% 35V4 North Am Co pf <3) 3 37 36 37
69 57 North Am Ed pf (6) 2 61 61 61 +1
21% 13% Northern Pacific... 25 14(4 1S% 14 + %
+ /.
•t lVj
10% 9V4 Ohio Oil <h4Sc).... 14 9% 9*4 9% + w
4% 2% Oliver Farm Equip. 18 2»* 2V4 2Va
26».. lf% Oliver F pr pf Α.... 2 17 16% 17 +1%
7% 5". Oppenhelm Collins. 1 5% 6% 5%—%
15% 12% Otis Elevator 160c). 57 13 12% 12%
90% 80 Ow«ns-lU Glass «4) 2 86 85V* 8b +2(4
14% 13% Pacific G & Ε (1 V4 ). 8 14% 14Và 14%+%
23% 19 Pacific Lighting (3) 4 20(4 20 20% +1%
77 70 Pacific Tel & Tel l6)x 30s 76%' 76(4 76(4 +1V4
120V4 111(4 Pacific Τ & Τ pf (6) 10» 120 120 120 — Vu
8% 7 Pac W'nOll IblOc). 6 7% 7% 7V4 tr
5% 8% Packard Motor 5 3% 3% 3%
11% 10% Pan American Pet.. 5 11(4 11(4 11%+ %
4Vt 2% Par-Publlx ctfs (k) 8 2% 2% 2%+%
3% 2% Park Utah 16 2Va 2% 2%-%
1% % Parmelee Transport 11 1 1 + %
1% % Patne Exchange. .. 1 % % %
17(4 11% Pathe ExchanyeiA) 10 12% 12 12%+%
12(4 8V4 Patlno Mines 3 91-4 9'4 9%
.70 64Vj Penlck &Ford 13).. 1 67>a 67'a 67(4 + H
74 64% I'enney (J Ci il).. ζ 4 65% 65', 65%+ %
3% 2V4 Penn Coal & Coke.. 1 2% 2% 2% + %
5% 3 Peni» Dixie Cement. 2 3(4 ·'!% 3% — %
25% 17V4 Perm R Κ 11 > 16 18% 17% 18 + %
36% 30 Peoples Drug S (1). 1 34% 34% 34%
23% 17% Peoples Gas Chi 5 19 18% 19
16% 12% Phelps Dodgeth75c) 14 13V4 12% 13%+%
28V* 23 Phlla Co Ï6 pf (3).. 4 24% 23%' 24'/*
4% 2 Phlla & Head C & 1. 1 2% 2% 2% + %
46% 35V4 Philip Morris (1)... 2 38 37 38 +1%
16 13% Phillips Petrol (1). 20 15 14% 15 + %
1% % Pierce-Arrow Ik).,. 74 % V* % + %
1% % Pierce Petroleum... 1 % % %— %
33% 31% Piilsbury Flour 1 60 1 31% 31% 31% + %
9 5% Pitts Screw & Bolt.. 2 5% 5% 5% — V»
15 13 Pitts Term Coal pf. 10s 12 12 12-1
37% 25 Pitts United C pf... 30» 26V4 26% 26"a + %
8% 6% Plymouth Oil II)... 7 7 6% 7 + V.
4% 1% Porto P.io Am Tob A 2 1% 1% 1% - %
16% 8% Posial Tel & Ca pf.. 3 9'» 9 9% + V«
3% 1(4 Pressed Jjtl Car (k) 1 1% 1% 1%-I- %
17 6% Pressed StlC pf <k) 2 7 6% 7
49% 42% Proc & (!amb 11 % ). 5 46% 4·> 4· % +1%
120% 115 Proc & Gem pf (5).. 60a 120 120 120
27% 20% Pub Serv Ν J (2 10) 15 22% 22V* 22% + %
71 62% Pub Serv Ν J pf (5) 4 66 65% 66 +1%
86 7A PubSvc NJ ρΐ (β). 2 75% 74V* 75(4 +1%
108V» 100 Pub Serv Ν J pi (8) 2 100 .100 100
52% 41% Pullman lno «3).... 7 42% 41% 42 + %
7% 6 Pure OU 14 6'» 6 6 — %
10% 8% Purity Bakeries <1) 1 8% 8% 8%
5% 4 Kadlo Corporation. 38 4% 4 4%
62'a 50 Radio Corp pt A 3 Η 2 50% 50% 50% — %
45% 35'i Radio Corp pf <B). . 21 37V* 36 37V* +1%
2% l1» Rarilo-Kelth-Or <k) 28 1% 1% 1% + %
15 8 Reis (Robert) 1st pf 1 8% 8% 8'* + V*
11!4 8 ReminKton-Rand... 3 8% 8% 8% + Η
3% 2% Reo Motor Car 2 2% 2% 2% + % ·
15% 9 Republic Steel....« 12 10 «)% 9% + %
49% 28·'» Republic Steel pf... 1 29% 29% 29%+ V4
24% 20·* Reynolds Metals! ). 2 21%· 21V* 21'.+ %
51% 46 Reynolds Tob Β l3> 16 46% 46(« 46'*
26 21% Roan Antelope Ltd. 6 22% 22 22 — %
32^ 29% itoy l Dhl 35 3-luc. 2 30 29% «0 !
46 37U Safeway Stores(3 >. 6 38 38 38
112% 110 Safeway Strs pf (7) €0all2 112 112 + %
17% 10V4 St Joseph Ld (40c). 1 11(4 11% 11', + %
8% 6 Sa\ age Arms 6 8 7 8 +1%
28% 22 Schenley Distillers. 21 25% 24% 25% τ 1
4 2 Schulte Retail Sirs. 5 2% 2% 2V* — %j
20% 10's Schulte Re Strs pf. 60a 11% 10'2 11%—%!
% % Seaboard Air L (k) . 2 % % %
26% 20% Seab'd Oil· DelMtl) 2 21% 21% 21%-%!
40% 31 Sears Roeb'k (75c). 41 34% 33»* 34%+'
9% 7% Servel Inc... 7 7% 7% 7%
14% 9 Sharon Steel Hoop. 5 9% 9% 9% + V4
9% 7V4 Shattuck» F G)25c.. 3 7L2 7% 7% + V4
7% 5% Shell Union OH..... 9 5% 6% 5% — V»
78% 64% Shell Union Oil pf.. 2 65 63% 65
11 8% Silver Kins C (4(JC) 8 8% 8% 8% + % !
10% 6 Simmons Co 4 6% 6% 6% — %
20 16% Snider PacKing.... 3 17% 17% 17%+ V4
14% 11 Soconv-Vac i6iic).. 23 12'a 12Vt 12% τ %
25 20 Sou Por RicoSug(2) 6 22% 21% 22%+ %|
12% 10% South Cat Ed I % ).. 3 11% 11% 11%+%
19% 12% Southern Pacific... 22 14 13 14 + %
16% 7% Southern Railway.. 8 8'* 7% 8(4+ %
20% 10 Southern Rwy pf... 2 11% 11 11%/+ %
5% 3% Sparks-Withington. 1 3% 8% 3%+ V*
36 33 Spencer Kellog 1 60 1 34 34 34 + %
9% 7'. Sperry Corp (25c >.. 17 7% 7% 7% + %
79% 54%· Spiepel-May-Stern. 2 59 58 59 -t-1%
191» 15 Stand Brands il). 99 15% 14% 15 -%
126% 123 Stand Brands pf (Ϊ) 50s 129 129 129 +2%
4% 1% Stand Gas Ac Elec. ·. 10 2% 1% 2%- %
5*. 1% Stand G & Ε J4 pf.„ 4 2% 2% 2%+ %
12% 4% Stand G&E 16 pf... 1 6% 6% 6% +1
16 6 Stand G & Ε17 pf.. 2 7% 7 7% + %
Pre*. 1035
HlKh. Lot·.
1% IV»
32% 27%
113% 111
26% 23
43% 35%
64% £8%
1T4. 1V4
914 6%
5 2%
3 2%
120 115%
2Vi . 1H
2:80
t 8tock anù Sale
Dividend Rate. Add
Stand InvCorp....
Stand Oil of Cal(l).
Stand Oil Exp pf (5)
Stand Oil of Ind (1)
Stand OilNJ(tlVl)
Sterling Prod (3 10)
Sterling Secur (A)..
Stewart- Warner.. .i
Stone & Webster...
Studebaker (n«w)..
Sun 011 pf <6)
Superior 011 -
Dm.
00. HlKh.
1 1*
10 28%
1 113 V*
26 23%
16 36%
6 62%
1 1%
3 7*4
8 2%
17 2%
10· 119%
2 1%
1 8
1 4
14 17%
-10 31%
4 3%
3 lO'/i
1 5%
1 14/4
3 2
7 7%
2 102
6 5%
Met
Low. Close. Chse.
1% 1%
28% 28% + 14
113% 113%
23% 23% + %
36% + %
62% - %
1% - %
7% + %
2% + %
2%
119% 119% + Vi
1% 1%
35%
62%
1%
7%
2%
2%
2
29
1
2
2
3
30
5%
6 VA
2%
4\
3%
9% 8 Telautograph (1)...
5% 4 Tennessee Corp....
21% 16% Texas Corp « 1 )... ,i
36\ 30% Texas Gulf Sul <2)..
4% 3)4 Tex Pao Coal & OH„
11 8% Tex Pae Land Tr ust
6 5'» Thon>p'n(JR)(W)#J.
17% 13% Thompson Product·
3% 1% Thompson Starrett.
10 7% Tide Wat Asso Oil..
103% 100 Tide Wat Oil pf (5).
7% 4% Tlmken-Detroit....
36% 28% rimken R Β (1)....
5% 4% Transamerlca <25c)
.8% 6% Transue & William·
3% 1% Tri-Contl Corp.....
5% 4% Truax-Tra Coal ...
6 3% Truscon Steel
27% 18 Twin City R Τ pf... 340s 19VA
61% 54 Und-EJl-Fisher (2). 6 55
50% 41% Un Ba£& Paper (4). 1 41%
49 44 Un Carblde&C 1 80.. 83 46Vt
16% 14% UnOllof Cal (1)... 5 16%.
111% 83·» Un Pacific (6) 5 86%
88% 79% Un Pacific pf (4)... 2 81
26% 20% Un Tank Car (1.20).
15% 9% United Aircraft....
6% 4'a United Air L vtc....
26!* 23% United Bisc (1.60)..
53V» 46 United Carbon 2.40.
3 1% United Corp
29%' 20% United Corp pf.....
13V4 9% United Drug *.
7% 3% United Elec Coal...
8114 71% United Pruit (Î).. .·
12"» 9% United Gas Imp (1)
92% 87' a United Gas 1 pf (5) .
53% 401·· U SGjrpsum 111....
45% 35% U S Ind Alcohol (2) .
6% 3% US Leather
22 14% U S Pipe & F (50c).
7 3 U S Realty & Impr..
17V4 9% U S Rubber
42% 24% U S Rubber 1st pf. .
124'. 106·, U S Smelt & R (h3).
6'J 62% U S Sm &R pf(S%).
40% 27',·, U S Steel
94 73% U S Steel pf (2)... .
130% 119% U S Tobacco (t7%).
7la 3% United Stores (Λ)..
2% 1V-4 Unlv Pipe & Rad...
19% 12 Unlv Pipe & Rad pf.
2 1 Util Pwr & Lt (A >..
5
6
2
3 23 V4
37 11%
14 5%
1 23%
48%
1%
4
30
36 22%
9 10
1
7
11
1
1
4
5
, 7
2
4
78%
9%
88
41%
36%
4
16
3%
12 10%
16 27
9 114%
2 68
64 28%
5 75%
1 128',
1 4
1 1%
10s 16
4 1%
8
4
17
31%
3%
9%
5%
14V4
1%
7%
102
4%
29%
6
6%
2%
4%
3%
18
54%
41%
45%
15%
85%
81
23
10%
5
23%
47%
1%
21%
9%
4
77%
9%
88
41%
35%
4
15
3%
10
25
113
68
27%
73%
128%
4
1%
14
1
8
4
17%
31%
3%
10%
5%
14V4
2
7%
102
5%
30
5%
('4
2%
4%
3%
19%
t
I
+ %
— %
+ %
+ 1%
55 + %
41%
46 + %
16 + %
86 +1
81 + %
23% + %
11% +1
5% + %
23% - %
48% + % I
1%
22% +1% I
ίο + % I
4
78% 4-1
9% + Vi I
88
41% +
36% ·+■ * h J
4 + % I
16 +1
3% + % ]
10% + H
26% + 1% I
114% +2
68 +1
28% + V, I
75% +1%
128%
4
1% + %
15% +1% ι
1%
A1*
21%
14%
37%
4%
27%
91
% Vadsco Sales Corp..
13% Vanadium Corp....
11% Van Raalt·
34% Vick Chem (t2.40).
2% Va-Car Chemical...
18 Va-Car Chem 6% pf
42
3
1
1
1
1
72% Va El & Pwr pf (6). 210s
2%
7%
31
3%
4%
1%
6%
6
1%
39
54
60%
102%
9%
7%
34%
27
41
99
14
58
18%
24%
2%
7
75
55%
21%
52%
1% Wabash (k)
4% Waldorf Sys (h20c)
27% Walgreen Co (ml).
1 '« Walworth Co
2% Warner Bros Pie...
% Warner-Quinlan. ..·
2% Warren Bros
4 Webster Eisenlohr.
1 Wells Fargo
30% Wesson Ο & S tl U .
36 West Pa Elec pi <6)
39% West Pa Elec pf (7)
95 West Pa Pw pf (6).
5% Western Maryland.
2% Western Pacific pf.
20% Western Union....
18% Westlnghse AB B0c
32% Westingh'se Elec .
90 Westh'se 1st pf 3 %
10 Weston Elec Inst..
46% Wheel SU pi (jSOc)
6% White Motor
18% White Rock M S (2)
1% Whit· Sewing Mch.
4% Wilson & Co al2%c
68 Wilson & Copt (6)..
51 Woolworth (ϋ.40) ..
11% Worthington Pump
35% Wright Aero
4% 2% Yellow Truck
21 18 Young £p* W tlli
21% 13 Youngstown S&T..
2
2
3
3
14
1
4
1
30s
M
30a
30s
20 s
1
2
8
5
28
40a
3
1
130a
2
1
26
3
13
2
20s
6
2
7
%
14%
13
36%
2%
19
86
1%
4 L4
28%
1%
2%
%
3%
4%
1
32%
41
45%
98
6
2%
22%
19%
34%
97%
11
51%
7%
18%
1%
5%
69%
52%
13%
41
2% '
19
14 ■
14
13
36%
2%
19
85'3
1%
4%
27"*
1%
2%
%
3%
4%
1
31
40
44
98
6
2%
21%
19
33%
97%
10
51%
7
18%
1%
4%
68%
52%
12%
39
2%
18%
13%
14%
13
36%
2%
19
86
+ %
H 1
+ %
+ %
- %
+ HI
1%
4% + %
28%
1%
2% - %
».
3% + %
4% -t- %
1
32% 41
41 +1
45% +1
98 -♦■ %
6 *♦* % J
2% -
22 +
19
34% + % I
97% τ 2
11 +1
51% - % I
7 - % I
18%
1% + % !
5% + %
69% + %
52% ♦ %
13% + %
41 *5%
2%
19
14
4% 3 Zonlte Products
Sales ol Stocks on th·
11:00 A M 110.000
1:00 P.M 300,000
1 3% 3% 3% + %
Maw York Exchange
12:00 Noon 230.000
2:00 Ρ M 380.000
Dividend rates as eiven m the above table are the annual
cash moments based on the latest luarteriv or half-yearly
declarations
s Unit ot trading less than 100 shares 'Parti» extra TPlUa
9% in stock b Paid last year—so regulsi rate b Pays bis in
stock e Payabl In cash or stock t Plus SI In special preferred
stock * Plus 4*. In stock a Pale this year > Accumulated
dividends k Companies reported in recei»ersniD or Beins reor
sanized m Plus 5Γ. in stock, ο Plus 3% to stock ο Plus '1%
in stock x Ex-dldlvend
"RIGGING" BLAMED
FOR COTTON OH
A. A. A. Method of Manipu
lating Market Is Unsound,
Editor Declares.
Special Dispatch to The Star.
NEW YORK, March 19.—The Marcel
break in cotton was Inevitable in a
market rigged as is the present one,
declares Douglas G. Woolf, editor of
Textile World, in an editorial which
is to appear in the March issue. Mr.
Woolf terms the A. A. A. method of
manipulating the market as "funda
mentally unsound" and advises that
"a careful retreat should be the
A. A. A.'s marching orders."
"Quite aside from all the discus
sion of the technical reasons for the
break in cotton." he declares, "one
sobering fast projects itself: This sort
of thing is inevitable in a market
rigged as is the present one. We
pretend to no expert knowledge of the
technique of that market, but plain
common-sense tells us that a price
structure which has been created
artifically and which is then 'sup
ported' by loans against itself, is not
the kind of game we'd put our
money on.
"The surprise, then, is not that the
break came but that it was so long
coming. Most shrewd observers whom
we know have had their 'fingers
crossed' expecting just this sort of
thing. Irrespective of what an in
vestigation proves to have been the
:ause of the March break, and irre
spective of how sharp and how ap
aarently permanent the recovery from
it may be, the possibility of a recur
rence—and on a grander scale—will
)e always lurking around the corner.
"The obvious answer is that the
jrovernment has got to realize this
'act. There is one attitude of the
Department of Agriculture which
worries us tremendously. It is the
:omplete resistance of its officials to
he least Intimation that anything
hey may be doing could possibly be
vrong. This attitude tends to nullify
he very obvious sincerity of purpose
jrompting that department Some
iow or other, this inflexibility has got
ο be changed.
"No sensible person—regardless of
lis opinion of A. A. A. economics—
rould expect the Government to step
>ut of the cotton picture abruptly. It
ust can't be done. But any sensible !
>erson will expect the Government to 1
nake plans for gradually easing out ι
if an untenable position—and to take '
igriculture and industry into its
:onfidence as those plans develop.
"Otherwise, the March break will
>rove to have been just the first
kirmish in a bitter battle with eco
lomic laws, the ultimate outcome of
?hich will be defeat for every one
oncerned except the laws them
elm."
V
New York Cotton
By the Associated Press.
NEW YORK, March 19—Cotton
recovered more than half of yester
day's losses on covering and buying
influenced by steady Liverpool cables.
May sold up to 10.69 and ruled around
10.68 in the afternoon when active
months generally showed net adtances
of 30 to 36 points.
Liverpool Quotations.
LIVERPOOL. March 1» ιΛ»ι.—Cotton.
9 OOO bales: American, none Spot In
limited demand prices H points lower:
quotations in pence American strict good
middling, R.i»0; good midding. Κ.βΟ: strict
middling, β.45; middling. «.SO: strict low
middling. 6.15; low middling. 5.90; strict
good ordinary. 5.70: good ordinary. 5.40.
Futures closed steady March, (i OS: May.
B.Ofi: July. 6 00: October. 5.SO; December.
5.77; January. 5.77.
FOREIGN MARKETS.
By the Associated Près*.
LONDON—The resignation cf the Bel
gian cabinet causea gold mining shares and
other continental favorites to weaken on
the Stock Exchange today, but otherwise
th* markets were little affected, confidence
havng developed on overnight political
developments Gilt-edged securities, trans
Athntic issues, industrials and rubber
shares improved. The market closed steady.
PARIS.—Firmness develoDed on the
Bourse toda> under the influence of the
rise in chemical shares International
issues were strong while Brlaian stocks
held fiim. The closing was strong.
BERLIN—Prices on the Boerse today
were firm throughout the list Steel works
shares which gained a point, and mining
industry stocks were preferred in view of
rearmament, activity.
POTOMAC EDISON GROUP
OPPOSES UTILITY BILL
By the Associated Press.
FREDERICK, Md„ March 19.—Op
position to the utilities act now before
Congress was expressed last night at a
meeting of 300 stockholders and em
ployes of the Potomac Edison Co. R.
Paul Smith, president, was chief
speaker.
Ohicago Great Western Railroad
January net loss was $279.558 vs. net
ioss of $158,139 in January, 1934.
S. Ε. C. STAYS OUT
OF ELECTION FIGHT
Nominating Committee Receives
No Suggestions on Exchange
Selections.
By the Associated Press.
NEW YORK. March 19.—R. Law
rence Oakley, chairman of the Nomi
nating Committee of the New York
I Stock Exchange, disclosed yesterday
that the Securities and Exchange
Commission has kept hands oS in the
market's pre-election tussle..
"So far as the Nominating Com
mittee is concerned, we have received
no suggestions from the Securities
Exchange Commission." Oakley said
following the third and final meeting
for exchange members to suggest
nominees to stand in the annual elec
tion May 13.
Recently Wall Street rumor said
I the commission would like to see
Richard Whitney, now exchange
president, ousted from office.
Reports in well-informed quarters
that the Nominating Committee ,ftad
decided to name Charles R. Gay,
partner in Whitehouse & Co., instead
of Whitney as candidate had led ex
change circles to suppose that the
Whitney backers would put up a
strong flght in his favor at yester
day's final meeting.
Those who attended the session
said it was "extremely harmonious."
Four added to the list of sugges
tions for tlje presidency were Walter
L. Johnson, Allen L. Lindley, Peter
J. Maloney and L. Martin Richmond.
FAILURES TOTAL LARGER.
NEW YORK. March 19 (^.—Busi
ness failures for the week ended March
14 numbered 232. compared with 216
in the previous week and 249 in the
same period last year, Dun & Brad
street reported.
COTTON PRICE
(unit:cents per lb.)
1 MARCH Ιβ
MONTHLY AVERAGE!
I DAILY CLOS I NIG. I
t9 33
STOCKS TEND UP..
BUT VOLUME LAGS
Late Tone Steady to Firm,
With Buying Limited to
Selective Basis.
BY VICTOR EUBANK.
Associated Press Financial Writer.
NEW YORK, March 19 —The «toe*
market worked quietly higher today in
dull trading that was somewhat se
lective in character.
Early gains of minor fraction* to ·
point were maintained by American
Telephone, General Motors, United
States Steel. Chrysler. Allied Chemical
and J. I. Case. The late tone was
steady to firm. Sales approximated
500,000 shares.
Although the foreign situation re
mained somewhat confusing, the
market derived considerable satisfac
tion from the action of the British
pound sterling which ran up briskly
in foreign exchange markets when
gold bloc currencies felt the full ef
fect of the Belgian government's
downfall on the gold standard ques
tion. The opinion of well-Informed
quarters that the American stabiliza
tion fund was at work to smooth the
kinks between the dollar and sterling
also was a stabilizing factor.
Firmer spots in stocks were the
ihares of sugar companies which have
been under quiet accumulation for
seme time coincident with marked
improvement in that industry. Amer
ican Crystal Sugar preferred gained
4 points and improvement of around
1 was shown by Cuban American pre
ferred. South Porto Rico and Great
Western.
In other sections of the list, gain
ers of around 1 point included Proc
tor & Gamble, United States Smelt
ing. Noranda Mines, Santa Fe
Union Pacific and Continental Can
United States Steçl, American Tele
phone, Western Union and J. I. Cae«
were among others advancing frac
tionally.
The most disappointing featijre ol
the market for those working foi
higher prices was seen in the small
volume brought out by the moderati
upturn, but this same condition was a
source of consolation yesterday when
so great volume was brought out when
prices were in a downward spiral.
Chicago Grain
By the Associated Press.
CHICAGO, March 19.—A fraction»!
recovery of prices today was the grair
market's rather feeble response to th(
more pacific tone of European politi
cal news. Uncertainty over interna
tional currency movements tended
to restrict dealings, but on the whol(
a better feeling prevailed amonf
traders.
A sharp îallv in cotton and discour
aging crop news from domestic Win
ter wheat territory, with dust storms
continuing, were bullish factors.
Wheat closed to 34 cent higher;
May, 91·\-34, and corn was 1 cent
lower to 34 up; May, 77';-a*· Oati
gained fractions and rye was un
changed to 'i higher. Provisions wer«
firm.
WHEAT— Ooen. High. Low. Close.
May .Ml .92 .91 .Pl*»-*«
July **«« .*!>'« .«*'2
September. .S81. .89 .88^4 .88^-^4
CORN—
March .7BV4
May 77 .77'· ,7»iJ4
July 7J7« .7:1», .72H .73'.-'.J
September.. ,70»« .70'· .70 .70-70H
OATS—
May .... .4?'i .43'. .42*.
July 37'. .38'. .:t7'.« .38
September.. .3β>4 .3«'2 .36 ·3β>'«
ρ
May ... .541 « .54»· .53*4 .54»·
July 55s· .5H'n .55' « .55' «
September. .5634 .57 *e .56*^ .56 Va
BARLEY—
May .... · ·. * « « ···· ····
July *.56
LARD—
May 12.25 12 47 12.25 12.3?
Juiy 12.25 12 50 12 25 12.35
SeDtember. 12.30 12 57 12.30 12.35-40
OFT Τ TVff
May . ... 16.00 16.12 16.10 16 12
July 1630
Chicago Cash Market.
Cash wheat No. 3. red. 83'i: No.
2. hard. Ι.ΟΟ'ϊ: No. 2. mixed, 97V4;
corn, No. 2, yellow. 82%; oati, No. %
white. 49; rye, buckwheat, soybeans,
no sales: barley, 68-1.20: timothy
seed. 16.75-17.75 hundredweight; clo
ver seed. 15.25-18.75 hundredweight.
Liverpool r.rain Price·.
LIVERPOOL. March 19 .at.—Wheat
futures closed steady. Prev.
Close. close
«arch βη <4 .«8*.
Hay 71». .71»,
Fuly 73% .73*4
Jctober 76'» .ίβ'·«
Exchanee. 4.76'i.
Baltimore Quotations.
BALTIMORE. March in —Close.
Bhtat. No. ". red Winter, earlicky. spot,
lomestic. !<3: March. 93.
FOREIGN EXCHANGES.
NEW YORK March 19 IIP).—PorellD
?xchanee irregular: Great Britain In dol
lars. others in cents. Great Britain, de
mand. 4.77'»: cables. 4.77x2: 60-day bills.
4.T«S·: Prancr. dem%nd. cables.
U.5934: Italy, demand. 8.31: cables. 8.31.
Demnnds—Belgium. 23 42: Germin?.
10.2*. Holland 67.71: Norway, 23.88:
Swelen. 24.5o: Denmark. 21.21: Finland.
2.12*2. Switzerland. 32.40: Spain. 13.«8;
Portugal. 4.:i234: Greece. Poland.
18. Ό. Czechoslovakia. 4 1 i·: Yugoslavia.
1.2T1»· Austria. 18 85n: Huneary, 2ί» 80n;
Ruinai.la. 1.01: Argentina. 31.80n; Brazil.
v6o»2n Tokio. 27.08: Shanghai. 38.35;
-lonakon" 47.85: Mexico City (silver peso).
l"i Montreal in New York. ÎJ9.00. New
ifork in Montreal, loi.00.
η—Nominal. ι
forterhouse Meak—
Charcoal Grilled
<SIdcw 1858)
1107 Connecticut Avenue
Second Trust Notes
We will bur monthly pivmrnt de
ferred purchase money second trust
notes, secured on owner - occupied
dwellings In District of Columbia.
Union Finance Co.
(HA Woodward Bldr. Nat l Τβ.Ίβ
LOANS
We have fond· available for First
Trust Loans on Real estât· in D. C.
and nearby Md. and Va. Urn or
small amount· at nrerailinr rate· pt
I η t « r 0 a t. Reasonabl· commission.
Prompt attention aiven application·.
BRADLEY, BEALL & HOWARD
Pbon· Ν a. *271 Southern Hldg.
Established Over 35 Yeart
Philadelphia Baltlmor·
SEASONED
INVESTMENT
SECURITIES
Selected Litt on Requeet
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INC
Woodward Bldg. Natl. 2460