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BUSINESS HOLDS U. S. Chamber Finds Trade Momentum Has Offset Many Obstacles. BY EDWARD C. STONE. Business momentum attained in the latter part of 1936 is resulting in still higher records in 1937 in many lines, records covering the first seven weeks of this year demonstrate, according to a report made today by the United States Chamber of Commerce, Harper Sibley, president. The forecast that this momentum would run well into 1937 has now proven correct, the chamber states. The review adds: The strength which was garnered gradually from May, 1935, to Decem ber, 1936, has maintained national indices in the face of adverse influ ences in strikes, floods, and weather conditions of destructive effect in some sections. It is these reserves of strength that have brought about rapid resumption, not only in public services but in industry and distribu tion, in areas of great floods and speedy return to operation after un usual strikes have caused interrup tions. During the seven weeks the volume of movement of goods of all kinds, as reflected in the carloadings of the railroads, kept tvell above the level of last Winter; by the end of the month they may have reached a point better than at this time of year since 1930. The output of electric power nationally has remained at an unprecedented high level. Retail trade, too. is making a good Showing for the Winter months; it is obvious that, if volume continues in its current relation to volume a year ago, the physical volume of retail trade this year will be well over any earlier year. When the main regions of the country are considered, each is found to have as a whole more activity in January, 1937. than in January. 1936, whatever the differences in experience among the communities in the dis tricts. The advances shown by such comparisons are highest in portions of the South and Southwest, the resume concludes. Everett Joins Bank Board. George N. Everett, second vice pres ident and secretary of Woodward & Lothrop, was elected a member of the Board of Directors of the Na tional Bank of Washington at the February meeting today. President J. Frank White announced. He has been one of the city’s leading busi ness men for many years. Capital Traction 5s sold up to 97 on the Washington Stock Exchange to day for the first time in many months. Woodward & Lothrop preferred sold at 125, Capitol Transit at 15'j and Potomac Electric Power 3’iS at 104. Low Interest Here to Stay. Addressing the American Life Con vention in Chicago. Don F. Roberts, treasurer of the Acacia Life Insurance Co. of this city, said it was not prob able that gross interest earnings of life insurance companies could even ap proach the 1929 level for many years. He told the insurance executives that a substantial portion of seasoned in vestments have been and still are be ing refunded at lower interest rates. New money invested is bringing a lower rate of return than the average received from the investment account as a whole, he added. Another speaker. E. C. Wilkinson, Standard Statistics Co., said that bond investors could be counseled to “sit tight” because he believed there would be a good market for some time. Security Exchanges Lauded. Fenner & Beane, New York Stock Exchange firm, has published a 28 page illustrated booklet entitled “Why 40.000 Miles of Private Wires?” which discusses the protections afforded to •investors by organized securities mar kets. The booklet is believed by the firm’s officials to represent the first di stance in which a financial house has discussed the question of securities ex changes purely from the viewpoint of Investors. Among the benefits to investors that are discussed are the financial respon sibility of member firms, speed of exe cution, the concentration of buying and selling orders from all over the world, strict rules of trading that pro tect the investors’ interests, proof of prices, publicity requirements for listed companies, the liquidity of listed se curities and the accounting procedure specified for corporations whose securi ties are listed. Assets Show Large Increase. The Massachusetts Mutual Life In surance Co., John F. Cremen, Wash ington general agent, reported today that new life insurance In 1936 amounted to $141,410,115, an increase of 7 per cent over 1935, and more in surance was sold in every month of 1936 than in the same month of 1935. Fewer policies were lapsed or sur rendered, and the mortaility experi ence, which was 56.3 per cent of the expected, was also an improvement over 1935. Total insurance in force on December 31, 1936. was $1,874, 060,619. a gain of $22,615,000. In its financial operations also the company was most successful. Earn ings on invested assets after deduc tion of expenses were at the rate of 4.06 per cent in 1936, as against 3.70 po¢ in 1935. The assets increased by $38,888,015 to a total of $572,112, 957.60 on December 31, 1936. Close control over operating expenses was Indicated by the reduction in the ex pense ratio. Stone to Address Auditors. The auditors’ section of the District Of Columbia Bankers’ Association has announced a dinner meeting to be held tomorrow evening at 6 o'clock at Wes ley Hall, Seventeenth and K streets. The guest speaker will be Edward Stone, chief of the project analysis. Resettlement Division; a member of the faculty of the American Institute of Banking as well as the Graduate School of Banking at Rutgers Univer sity. His subject will be “World Peace and Our Economic System.” An un usually large attendance is expected of bank officials in addition to the regular membership of the section. Heard in Financial District. Sale of five shares of National J3ank of Washington stock at 135 on the local exchange yesterday was the first transfer in this issue in 1937. It was a nine-point advance over the last previous sale at 126. The stock has climbed steadily since its low mark of 10814 in 1936. The safe deposit section of the Dis trict Bankers’ Association meets this evening in the American Security Building. Mrs. Helen R. Sharpe, ice chairman, presiding. Retail trade in the Fifth Federal Reserve District in the first half of this month was from 15 to 20 per cent better than in February last year, reports reveal. TRANSACTIONS ON THE NEW YORK STOCK EXCHANGE By Private Wire Direct to The Star. 2:15 p.m. Prsv. 1037 Stock and Sales— Net High. Low. Dividend Rate. Add 00. High. Low. Close, chge. 80*4 68*4 Acme Steel (4) _« « 77 75*4 78 -2 19*4 15 Adams Expr <a55c)_ 8 18*4 18*4 18*4 — H 36 32*4 Addressograph (1)._ 8 88*4 82*4 33*4 + *4 4*4 8*4 Advance Rumely- 1 3*4 8*4 8*4 + *4 80*4 75 Air Reduction (tl)_ 3 74*4 74*4 74*4 - *4 6!4 4 Air-Way Elec Appli— 2 4*4 4*4 4*4 15*4 14*4 Alaska Juneau (t60c) 6 14*4 14*4 14*4 — *4 6*4 8*4 Alleghany Corp- 38 4*4 4*4 4*4 69*4 43*4 Alleg pf ww *30_ 12 67*4 67 67*4 + *4 69 43*4 Alleg pf WW *40___ 13 67*4 67*4 67*4 — *4 52*4 41*4 Alleg Corp prpf_ 2 48*» 48*4 48*4 - *4 41*4 36*4 Allegheny Steel b40c. 8 38 37*4 37*4 — *4 33*4 28*4 Allied Mills <b50c) 2 28*4 28*4 28*4 - *4 19*4 16*4 Allied Stores (b20c)_ 10 18*4 18*4 18!4 - *4 84*4 81 Allied Stores pf (5).. 2 83 82*» 82*4 — *4 83*4 72*4 Allls-Chalmers tl*4 . 2 1 72*4 71*4 71*4 - *4 39*4 30*4 Alpha Port Cem’t (1) 1 36*4 85*4 35*4 - *4 8*4 4*4 Amal Leather ._ 12 7*4 7 724 114 101 Amerada Corp (2) .. 2 108*4 108*4 108*4 — *4 101*4 83 Am Agr Ch (Del) (a4) 3 87 87 87 -1 41*s 36*4 Am Bank Note <tl ) _ 8 36*4 36 36 — *4 8P»4 69 Am Brake Shoe <t2). ♦ 76*4 74*4 75*4 160 139 Am Brake Sh pf(5*4) 40« 150*4 150*4 150*4 -1*4 121 105*4 Am Can <t4> .. 4 10714 106*4 107*4 + *4 71 56 Am Car & Foundry —. 15 66*4 66 66 +1*4 104*4 9314 Am Car & Fdry pf . 5 99*4 97*4 97*4 -2 87*4 72 Am Chain&Cable(a4) 6 86*4 84 84*4 + 54 23 13*4 Am Colortype - 11 21*4 20*4 2G4 + 24 29*4 26*4 Am Cornel A1 (a50c). 2 27*4 26*4 26*4 3354 29*4 Am Crystal Sug (b50c 25 82*4 31*4 82 + *4 99 96*4 AmCrysS 1st pf (6). 20s 93 98*4 99 + *4 13)4 8*4 Am Encaustic _ 11 11*4 1°*4 11H — M 13*4 7*4 Am & Foreign Pwr... 61 12*4 12*4 12*4 + *4 68*4 49 Am & For Pwr $6 pf.. 2 58*4 52 63!4 - H 68*4 58*4 Am & For Pwr $7 pf.. 1 64 64 64 -1*4 38*4 20*4 Am & For Pwr 2d pf.. .6 85*4 35 35 21 18 AmHawaiianU) .. 2 19*4 19*4 19*4-24 9*4 6*4 Am Hide & Leather.. 14 8*4 7*4 8 4*4 2*4 Am Ice 5 8*4 3*4 3*4 27*4 17*4 Am Ice pf (2) 1 24*4 24*4 24*4 - *4 16*4 13H Am Internatl <a40c)_ 8 15*4 15*4 15*4 — *4 58*4 43 Am Locomotive ... 19 54*4 62 54 +1*4 125 114 Am Locomo pf (a3)._ 2 117*4 116 11« -2*4 25*4 22*4 Am Mach&Fdry (tl). 45 25*4 24*4 25*4 + *4 13*4 11*4 Am Maeh&Met (60c). 3 12 12 12 67'4 50*4 Am Metal - 14 64*4 63 64*4 + *4 16*4 11*4 Am Power & Light... 27 13?s 13*4 13*4 + ** 87*4 77*4 AmPwr&Ltpf (6)-. 1 74 74 74 -2 72*4 64*4 Am Pwr & Lt pf <5)_. 4 63*4 63*4 63*4 - *4 29*4 24*4 Am Radiator (t60c). I'5 27*4 25*4 26*4 - ss 38*» 33*4 Am Roll Mill (t 1.20). 80 36*4 35*4 36*4 + '4 36 32 Am Safty Razor (t2) 3 34?4 33** 33*4 - *4 29 23*4 Am Seating (a2 *4 ) 5 27*4 26s* 27*4 + ’* 45 41 Am Shipbuilding (2). 10s 42*4 42** 42** - ** 99*4 89 Am Smelt* Ref (3).. 45 97'4 96 97)4 5*4 3*4 Am S& R rts Mar 31. 106 5*4 5*4 5*4 107 105 Am Sm & Ref pf (6).. 1 106'* 1061* 106'* - *4 67*4 63 Am SnulT (t3) .. 1 64*4 6**4 64*4 - *4 73*4 59*4 Amer Steel F (b50c). 14 65*4 63*4 65*4 +1*4 115 111*4 Am Steel Fdy pf (7).. 10s 112 112 112 26*4 25 Am Stores (2) _ 2 26*4 26*4 26*4 + *4 56*4 51 Am Sugar (2) .. . 2 51 50*4 50*4 + *4 25*4 23*4 Am Sumatra Tob(tl) 6 23*4 23*4 23*4 - *4 187 176*4 AmTel&Teleg (9).. 25 175H 174*4 175*4 99 93*4 Am Tobacco (5)_ 2 93'4 93** 9314 + 24 99*4 95*4 Am Tobacco B (5)... 8 94*4 94*4 94*4 + H 20*4 16*4 Am Type Founders.. 60 18*4 17*4 18*4 + *4 29*4 25*4 Am Water Wks (80c) 16 26 26** 26 + *4 14*4 9»| Am Woolen __ 13 12*4 12'4 12*4 + *4 79 64 Am Woolen pf (bl).. 13 75*4 74 74*, + *4 1*4 1*4 Am Writ Paper (d)._ 1 1*4 1*4 1*4 + Mi 9*4 6*4 Am Writ Pap pf (d).. 7 7*4 7 7*4 + *4 20 6*4 Am Zinc & Lead — 165 19*4 18*4 19*4 + H 79*4 44*4 Am Zinc &L prpf 11 77 73 77 + *4 65*4 62*4 Anaconda Copper(tl) 326 65*4 63*4 65*4 +2*4 24&s 18 Anchor Cap (60c) ... 3 22>* 21** 22 + *4 1 37H 30*4 Andes Copper .. 4 34 32 32*4 -2*4 12*4 7 Armour «111) (bl5c).. 364 13 12*A 13 + *4 ; 126 96 Armour (111) pf (7) . 1 104 104 104 +3 | 97 81** Armour! Ill )pr pf 1 6) 2 97*j 96?4 97*j + *» 69*t, 59*, Armstrong Cork (2) 6 68*4 67*» 68*, + *4 16? s 14 Arnold Constr (b50c) 6 14*4 14*4 14?* — *4 17*4 14*4 Art loom Corp - 4 14'* u 14', + *4 97>* 97** Artloom pf (a7)_ 10s 96 96 96 -1*4 | 22T, 19*4 Assoc Dry Goods_ 3 20** 20*4 20** + *4 j 57t$ 60*4 Assoc Invest (t2)_ 1 54V$ 54V$ 54V$ 77** 69 V* Atch To & S Fe <a2) . 18 747* 73V* 74S + H 104 101 Atch T& S Fepf (5). 1 101** 101** 101*4 + *4 61*4 44*4 Atl Coast Line (al) 12 47*, 46** 47'* — *4 35*, 30*4 Atlantic Refining!tl) 17 33*4 32** 32»* - SA ' 18*4 16** Allas Corporation 80c 23 18*4 18 18 52*4 51*4 Atlas Corp pf (3) . 1 51*4 51** 51*4 — *4 85'* 72'* Atlas Powder (b75c). 2 81 79»* 79*4 -2*4 18'; 15*4 Atlas Tack (1)_ 1 15*4 15*, is*, - 36"; 30 Auburn Auto _ 4 3t*4 31 31*, + H 9*4 7*4 Austin Nichols _ 2 8>4 8*4 81* 9*4 6*4 Aviation Corp (Del). 25 8*4 8 8 114 8 Baldwin Loco (d) 17 84 84 8', - 4 120 86*4 Baldwin Loco pf (d). 6 1134 112*4 112** - % 94 7*4 Baldwin Loco asd(d) 11 74 74 74 + 4 1 120 884 Baldwin L pf asd (d) 2 114 114 114 2S4 204 Baltimore* Ohio 71 274 26*4 274 + 4' 42 33*4 Baltimore* Ohio pf 10 20 39 40+4 1104105 Bangor&Aroos pf (5) 20* 108*4 108*4 108*4 + *4 424 354 Barber Co (a75e> . 43 41 4n 40’, + 4 32 25*4 Barker Brothers 4 27*, 27*4 27’, + 4 42 38 Barker Bros pf (2%) 80s 39’, 394 394 -4 354 264 Barnsdall Oil (1) - 70 304 294 30!, - '4 204 174 Bayuk Cigars (t75c). 8 184 184 184 28*4 25 Beatrice Cream (tl). 1 264 264 264 — 4 15*4 13 Belding Hemin (1)... 7 144 14 144 + 4! 304 25 Bendix Avia (b25c).. 12 27*4 274 274 - 4 23*4 21*4 Beneficial Lo (b45c). 2 214 214 214 62*4 56 Best* Co (t2 54) . 1 57*4 57*4 57*4 + *4 95)4 73 Bethlehem Stl (al4) 112 93=4 904 93 +14 20 184 BethSti5% pf (1)-.. 3 19 19 19 1294 125 Beth Stl pf (7) .. 6 128*4 128 1284 + 4 69*4 «4 Bigelow-San (boOc) 1 644 644 644 38 334 Black & Decker (25c) 1 34 34 34 +1 284 224 Blaw Knox (a80c) .. 14 26 254 26 46*4 334 Boeing Airplane _ 40 46*4 444 45*4 +14 484 41 Bohn Alum & Br (3). 3 45*4 444 444 93 88 Bon Ami (A)(4) 110s 90 89 90 +2 454 42*4 Bon Ami(B)(b624c) 400s 45 44»* 45 +H 28 264 Borden Co (1.60c) .. 17 26*4 264 264 - % ! 834 724 Borg-Warner (4)_ 1 79 79 79 -14 10J4 84 Boston* Maine ... 6 94 94 94 -4 23*» 164 Bridgp’t Brass(t40c) 51 22», 214 224 + 4 694 514 Briggs Mfg (t2> 9 544 544 544 + 4 j 534 48 Briggs* Stratton<3) 2 50 50 50 - % i 47 424 Bristol-Myers(t2.40) 4 44 44 44 53 46 Bklyn-Man Tr <4> . 6 48 474 474 - % 1024 1004 Bklyn Man T pf (6).. 1 100 100 100 -1 8 6*4 Bklyn & Queens ._ « 64 64 6*4 384 344 Bklyn & Q pf (a3) .. 1 334 334 334 - 4 524 464 Bklyn Union Gas (3). 3 474 46?* 464 - 4 244 20*4 Brunswick-Balke „ 3 21 204 20H - 4 254 20 Bucyrus-Erie ._ 16 224 214 224 +14 117 110 Bucyrus-Erie pf (7). 20s 1164 1164 1164 — 4 144 124 Budd (EG) Mfg ... 33 124 124 124 + 4 13 94 Budd Wheel <a20c)-_ 16 114 104 HH + 4 454 344 Bullard Co (b25c)_ 4 40 394 40 624 51 Bulova Watch - 16 604 594 604 +14 854 814 Burr Adding M (80c) 10 83>* 334 334 - 4 11*4 74 Bush Terminal (d) - 2 94 94 94 + 4 454 244 Bush T Bldgs pf (d). 190s 364 364 364 -4 174 184 Butler Bros (bl5c) ... 23 18‘4 18*+ I6H 844 294 Butler Bros pf (154). 8 834 334 334 4- 4 84 54 Butte Cop* Z (aSc>— 16 84 84 84 +4 33 274 Byers (A M) _ 7 294 29 294 + 4 91 834 Byers (A M) pf — 80* 85 844 844-4 314 27 Byron Jackson (tl)-. 4 294 29 294+14 48V* 425* Calif Packing (2) - 4 43'* 43 43 45* 21* Callahan Zinc-Lead . 370 4V> 45* 45* + V* 20V* 15V* Calumet & Hecla (1). 40 195* 185* 19s* + 5* 375* 32V* Campbell Wy (tl)... 7 35»* 35 3554 + V* 32V* 27V* Canada Dry G Ale ... 9 28»* 281* 285* + ** 17'* 145* Canadian Pacific 42 16V* 16s, 16V* + V* 106 103 Car Clin & O stpd (5) 80s 103!* 103H 103V* + V* 8!* 7 Carriers & Gen(a35c) 4 8 75* 75* — V* 1765* 138 Case (J I) Co (4) 4 166 164 166 +1 100 85V* Caterpillar Trac(t2) 2 96 95V* 96 -1 35V* 265* CelaneseCorp <al%) 103 345* 325* 34V* +1!* 47V* 36V* Celotex Corp — 20 43!* 42V* 43 -15* 82V* 785* Celotex Corp pf (5)._ 60s 81 81 81 —1 39V4 34 Centr Afruire (tlV*)_ 1 34 34 34 125* 85* Central Foundry Co— 40 115* 105* 10V* + V* 245* 17i* Central Violeta Sug„ 1 17V* 17V* 17V* + 5* 115* 10V* Century RM (blOc)-. 1 10!* 10V* 10V* - V* 77V* 67V* Cerrode Pasco (4) ... SO 755* 73V* 755* + IV* 285* 16V* Certain-teed Prod . 33 205* 195* 205* + V* 82 67V* Certain-teed P pf (6) 90s 765* 76V* 76V* - V* 625* 35V* Champ Pap &F (1) - 4 45V* 43!* 45V* + 5* 895* 85 Chesapeake Corp (3). 2 89 884* 885* 68V* 63V* Ches & Ohio (t2.80) .. 18 65 645* 65 4V* 25* Chi & East 111 (d) .. 4 4 5V* 4 - V* 13V* 6V* Chi & East 111 pf (d). 3 105* 105* 105* - V* 35* 25* Chi Grt West (d) . 29 8»* 3V< 3V* 17V* 135* Chi Grt West pf (d) 12 16 15V* 16 + V* 32 30V* Chi MallOrdermv*) 1 30V* 30V* 30V* 25* 2 Cht Mil St P&P <d) 23 25* 2V* 2*4 7H 454 Chi M St P&P pf (d). 48 6V* 6!* 65* + V* 6V* 3V* Chi&NWId) 26 5V* 5>* 5V* - V* 19V* 11V* Chi& N W pf (d) .. 10 17V* 165* 17V* + V* 33 23 Chi Pneumatic Tool- 4 295* 29V* 295*-!* 70V* 61V* Chi Pneu T pf (a3 54) 1 635* 63s* 63s* -15* 3V* 2V* Chi R 1 & Pac (d) . 19 3V* 25* 3V* + V* 8V. 55* Chi Rl&P 6% pf (d). 19 7V* 7V* 7V* - V* 10V* 65* Chi Rl&P 7% pf (d). 10 95* 85* 9V* + V* 22V* 195* Chlckasha Cot Oil ... 1 19V* 19V* 19V* - V* 155* 12V* Childs Co 2 135* 135* 135* + V* 64 46V* Chile Copper <1) .. 40s 63 63 63 -1 136V* 1105* Chrysler Corp (bl 5*) 88 1255* 1235* 125 - 5* 215* 18V* City Ice A Fuel (2) 1 20V* 20V* 20V* 92 86 City Ice A F pf (6 54). 160* 90V* 89V* 90V*+1 105* 9 City Stores ... 3 9V* 9V* 95* + V* 88V* 32V* Clark Equip (tl.60).. 2 845* 84V* 84V* - V* 113 107 Clev El Illu pf (454»- 10*110 110 110 +1V* 405* 35 Clev Graph Br (2)... 8 88 87V* 88 + V* 985* 78 Cluett Peabody (3).. 8 92V* 90V* 90V* -IV* 130V* 126 Cluett Peabpf (7)_ 40* 130 130 130 - J* 138 122V* Coca-Cola <t2) 1 138 138 188 215* 19H Colgate P-P <+60c)__ 16 205* 195* 20V* +1 104V* 103 Colgate P-P pf (6) .. 6 103V* 103V* 103V* + V* 625* 66 ColllnsAAIkman <t2 ) 6 67V* 57 67V* + 54 51J* 44V* Colo Fuel & Iron 8 46 46V* 46 + v* 20V* 17<* ColumbG A E (a40c) 82 175* 17 17V* 108 1005* Col G& E pf (A)(6).. 8 1015* 101 101V* + V* 39V* 845* Columb Pic vtc (tl).. 1 85V* 85V* 35V* - V* 46V* 42 ColuPlccvpf (25*) .. 1 4454 4454 4454 + 54 124V* 116V* Col bian Carb vtc(t4) 2 117 116V* 117 + V* 691* 58 Cornel Credit <t4) 40 61V* 59 61V* +25* 114 101V* Cornel Credit pf (454 ) 2 103 102 103 +1V* 80V4 70V4 Cornel Invest T (t4) 11 71 69)* 71 +54 120 109 Cornel InV T pf (454) 1 107 107 107 -2 21)4 18V* Cornel Solv (tSOc) ... 80 1HV* ,1SV4 <8V4 - V4 4V* 35* Comw A Southern— 110 85* 3V4 85* + V* 7654 63 Comw A Sou pf (I).. 2 68V* 62V4 62V4 -IV* 19V* 185* Conde Nast Publish— 2 16V* 16V* 16V* - V* 44V* 265* CongolMun-Kalrn (2) 15 42V* 48 48V* — 4* 2:15 p.m. Prev in.1T Stock md Seles— Net HUM Low. Dividend Rate. Add 00. Hich. Low. Close, chce. 194 174 Congress Cigar (a2). 5 184 1* 184 + 4 22 184 ConnR&Lpf .. 10a 20 20 20 92 884 Con C pr pf ww (6V4) 60a 92 92 92 85 80 Consol Cigar pf (7) 20e 804 804 804 -84 494 424 Consol EdlsN Y (t2) 82 424 414 424 + 4 108 1054 Consol Ed N Y pf (5). 1 106 106 106 +4 64 44 Consol Film- ... 6 44 44 44 -4 184 164 Consol Film pf (a2)_. 6 164 164 164 IS 94 Consol Laundries_ 4 124 124 124 — 4 174< 154 Consol 011 (80c) _ 120 16 154 16 H 104 74 Consol R R Cuba pf.. 1 84 84 84 -4 14 4 Consol Textile (d)_ 17 1 4 1 10 84 Cons Coal (Del) vtc.. 1 84 84 84 + 4 404 84 Cons C (Del) pf vtc . 80. 334 33 334 - 4 324 204 Container Corp( 1.20) 22 294 284 294 + 4 374 29 Conti Baking (A)_ 6 344 324 344 +14 64 3 Conti Baking (B> ... 26 44 44 44 + 4 1094 1024 Conti Baking pf (8).. 2 1094 1084 1094 +1 69,4 694 Confl Can (3) __ 15 614 604 614 + 4 254 204 Conti Diamond F (2). 4 24 234 24 +4 424 394 Conti Insur (tl.60).. 6 414 41 41 -4 34 24 Conti Motors ... 20 34 34 34 + 4 454 424 Conti Oil of Del (tl). 28 424 41H 414 -14 824 264 Cont’l Steel (b50c) .. 6 31 304 31 + 4 77 634 Corn Ex Bk & Tr (3). 80a 73 72 73 714 67 Corn Prod Ref (+3)_ 14 664 654 66 1714 1654 Corn Prod R pf (7)... 1 1644 1644 1644 - 4 84 6 Coty Inc_ 14 7 64 7 - 4 564 46 Crane Co _ 5 604 604 504 + 4 37 354 Cream of Wheat (t2) 2 864 364 364 284 214 Crosley Radio (alt4) 9 254 254 254 + 4 1004 744 Crown C’k & Seal (2) 18 894 854 894 +44 244 17 Crown Zellerback vtc 12 204 204 204 76 51 Crucible Steel .. 10 72 70*4 72 +4 132 1204 Crucible Stl pfbl%_. 1 1314 1814 1314 -14 3 24 Cuba Co 3 24 24 24 -4 144 114 Cuban-Am Sugar_ 6 114 114 114-4 424 394 Cudahy Pkg (2 4).._ 2 414 414 414 + 4 204 18 Curtis Publishing_ 3 194 184 19 +4 10941014 Curtis Pub pf (7)_ 2 105 104 105 +4 74 64 Curtiss Wright _ 55 74 7 7 -4 224 194 Curtiss W (A) (a50c) 25 20*« 204 204 + 4 65 4 49 Cushman Sons pf . 80a 53*4 634 58*4 + 4 24 224 DavegaStcv pf(14) 1 224 224 224 -4 1284 1044 Deere & Co 12 122 1194 122 +2 29 264 Deisel-Wem-G <tl)_ 5 26'« 254 264 - 4 53)4 424 Delaware & Hudson.. 26 494 484 494 + 4 224 17!% Dela Lark & West . 29 20*4 194 204 + 4 104 74 Den & Rio G VV pf(d). 6 104 94 104 + 4 364 31 (darn'd Match (b50c) 1 334 334 834 + 4 404 38*4 Diamond A1 pf(tl 4). 1 394 394 894 - H 284 244 Distil Corp Keag Ltd. 1 25 25 25 25 204 Dixie Vortex (14) . 1 234 234 234 - >« 464 374 Doehler Die Cast (2). 2 424 414 42 - 4 51 46*4 Dome Mines <t2) ... 10 484 47*4 484 + 4 114 104 Dominion Stores__ 6 104 104 104 — 4 774 624 Douglass Aircraft_ 60 644 624 644 +14 39 4 33 Dresser Mfg <B)(al) 1 334 334 334 84 7 D.unhill Internatl__ 2 64 64 64 — 4 174 154 Duplan Silk (1) _. 1 16 is 16 -4 1804 169 Du I’ont de N <b75c). 14 1714 1694 171 +4 164 H4 Eastern Roll Mills .. 8 144 144 144 - 4 1754 1674 Eastman Kodak (6).. 4 171 170 170 - 4 163 1 59 Eastman Kod pf (6). 40s 1604 160 1604 + 4 374 324 Eaton Mfg (t2) _ 2 344 344 344 -4 144 114 Eitington-Sehild ... 40 14 124 134 +1 29 25 El Taso NatG (1.60). 10 25 24*i 25 454 384 Elec Auto Lite (t2.40 16 44 4 42 4 444 +24 114 111 Elec Auto Lt pf (7) 1010a 1114 1114 1114 16 12 Elec Boat (a60c) 100 154 144 154 + 4 74 54 Klec&Mus Ind (al8c) 6 64 64 64 + 4 264 214 Elec Power & Light.. 25 23 2214 23 +1 87 754 ElecPw&Lt $6 pf_ 2 77 77 77 -1 92*« 79 Elec Pw & Lt $7 pf .. 1 83** 834 834 - 4 444 414 Elec Stor Bat 024). 2 42 414 414 -4 2 14 Elk Horn Coal (d) . 2 14 14 14 8 5), Elk Horn Coal pf (d). 2 5*4 5*4 54-4 60 554 Kndicott-Johnson (3). 3 554 554 654 -1 784 704 Eng Pug S $5 pf b.V!*_ 1 764 764 764 9** 8*4 Equit Off Bldg IblOc) 1 8»4 8>4 8*4 174 134 Erie R R 9 16'4 15*, 164 + 4 314 264 Erie R K 1st pf _ 7 294 294 29*4 -4 26 22 Erie It R 2d pf .. 2 23', 23 23'4 -14 144 124 Eureka Vac Ci (80c). 4 134 134 134 334 284 Evans Product (11).. 2 32 314 32 +1 54 34 Fairbanks Co _ 230« 44 44 44 + 4 28 214 Fairbanks Co pf ... 60s 24*4 24 4 244 - 4 714 *14 Fairb'ks-Morse (tl)— 6 624 62 624 +1 2104 183 Fairbanks-M pf (6).. 1 1854 1854 1854 +14 70 56 Fajardo Sup Co (bl). 3 564 66 564 + 4 294 254 Federal Lt & Trac .. 1 254 254 254 - 4 103 97 Fed Lt & Tr pf (6) ... 450s 100 994 99*4 - 4 114 664 Fed Min & Smelter 5 133 118 13:1 +20 114 84 Federal Mot Tr (40c) 36 104 104 104 + 4 9*4 54 Fed Screw Works 49 104 94 104 + 4 6 44 Fed Water S vc (A)_ 87 54 54 5** + •« 424 364 Fed’d Dept Str (2) . 1 38 88 88 -1 10741024 Fed'd DScu pf (4 4) 1 1034 1034 1034 454 424 Fidel Phoe F In tl.60 5 434 43 434 384 324 Firestone T*R (2) 10 37 364 364 — 4 1074 105 Firestone pf (A)(6) .. 3 106 1054 1054 -4 514 484 First Natl Strs(t2 4) 21 504 60 504 + 4 464 41 Flintkote Co (1) 12 424 424 424 -4 584 *8 Florence Stove(a4 4) 1 564 564 664-14 37*» 31 Florsheim (A)(ti > . 1 364 364 3S4 - 4 94 6*4 Follansbee Bros <d)6 84 84 84 544 474 Food Machine (1)_ 1 61 51 51-4 544 43 Foster-Wheeler _ 10 494 484 494 +1 18* j 134 Francisco Susar _ 2 134 134 13*4 + 4 324 264 Freeport Sul Co (1).. 5 294 29** 29*4 - 4 484 40 Fuller Co 2d pf_ 60s 40 40 40 54 44 Gabriel Co (A)_ 4 64 54 54 + 4 33 26 Gamewell Co _ 40s 304 29*4 294 -1 1064 105 Gannett cv pf (6) ... 10s 1054 105 105 19)4 15)4 Gar Wood Ind <aS5c) 15 184 174 184 — 4 154 124 Gen Am Inv (a75c) . 6 144 14 144 — 4 864 704 Gen Am Trans't (a3). 2 814 80 814 +14 194 16*» Gen Bakinp (t60c)_ 6 174 164 174 + 4 14 11 Gen Bronze_ 14 124 124 124 + 4 31 264 Gen Cable _ 17 30 294 30 62 54 Gen Cable (A)_ 1 60 584 «0 -4 624 464 GenCipar (t4)_ 4 474 474 474 +4 647s 524 Gen Electric (tl)_ 104 594 584 594 + 4 444 394 Gen Foods (2) 17 434 42*4 434 + 4 34 24 Gen Gas & Elec (A).. 8 3 24 3 + 4 644 58 Gen G&E 6% cv pf A. 40s 64 64 64 654 604 Gen Mills (3) 1 624 «24 624 + 4 124 118*4 Gen Mills pf(6) 30s 123 123 123 704 604 Gen Motors (b25c)._. 154 654 644 654 + 4 1224 1194 Gen Motors pf (5)- 2 120 120 120 154 124 Gen Outdoors Adv . 12 134 134 134 + 4 604 53 Gen Outdoor Adv( A). 1 55 55 55 80 69 Gen Print Ink (a5)__. 1 75 75 75 —1 54 44 Gen Pub Service _ 1 5 44 5 — 4 654 564 Gen Ry Sipnal O)_ 3 614 604 614 +1 54 44 Gen Realty & Util 21 5 44 44 - 4 70)4 64 Gen Refractor (a3 74) 3 64 63 634 -14 88 734 Gen Steel Casting pf 440s 76 734 76 +24 334 294 Gen Theater E (a2).. 3 314 31 31 204 154 Gillette Saf Rsz (tl). 18 184 184 184 -4 *64 204 Gimbel Bros 84 254 25 254 + 4 88 834 Gimbel Bros pf (6)— 2 88 87*4 88 +1 514 434 GliddenCo (2)_ 10 484 474 474 -4 64 54 Gobel (Adolf) _ 128 64 54 64+4 84 64 Goebel Brew <t20c)„ 29 74 74 74 + 4 115 111 Gold Stock Tel (6)... 10s 113 113 113 -14 424 31 Goodrich (B Fl(al).. 42 404 394 404 +14 874 794 Goodrich (B F)pf(5). 3 864 864 864 -4 424 274 Goody’rT & R (boOc) 86 394 384 384 + 4 1274100 Goody'r T&R cu pf (5) 9 117 1154 117 +14 134 U4 Gotham Silk Hose .. 3 114 114 114 44 3 Graham-Paipe ... 61 44 44 44 — 4 15 64 Granby Cons (new).. 29 134 124 134 + 4 54 4 Grand Union ctfs _ 9 44 4 4 —4 274 214 Grand Un pf (b25c).. 3 23*4 224 234 +4 484 414 Granite City Stl (1).. 19 464 46 464 -4 474 43 Grant (W T)(tl 40).. 3 43 42 43 494 404 Grt Northern pf __ 25 48 47 48 +4 224 19 Grt North'n Ore (1).. 87 22 4 214 224 + 4 424 354 Grt West Sup (t2.40 ) 4 364 364 364 38 4 34 Green (H L)(tl.60).. 14 354 35 35 164 1*4 Greyhound (t80c) — 27 154 154 154 + 4 44 34 Guantanamo Sugar— 6 34 34 34 — 4 154 13 Gulf Mobile &N - 1 15 15 15-4 56 614 Gulf Mobile* N pf_ 1 634 634 534 814 554 Gulf States Steel ... 8 784 764 784 +14 36 32H Hack W pf (A)(l*i). 80s 85 85 35 204 134 Hall (W F) Printing. 7 184 18 184 + 4 31 274 Hamilton Watch b25c 1 284 284 284 -1 57 504 Harb-Walker <+2 ) 2 63 63 53 -14 174 *6 Hat C’p of Am A b20c 5 154 *54 154 — 4 10641084 HatCorppf WW(64) 40* 1064 1064 1064 8 64 Hayes Body — 10 64 64 64 +4 105 101 Hazel Atlas G1 <+6)_ 3 1034 108 103 -4 154 134 Hecker Prod (60c) ... 19 144 14. 144 + 4 394 334 Hercules Motor (tl). 3 374 374 374 185 1504 Hercules Pdr (a54)- 3 170 170 170 -5 674 644 Hershey Choc (t3) 2 664 864 354 + 4 111 107 Hershey Choc pf (t4) 1 1084 1084 1084 —1 524 48 Holland Fur (al4) 2 49 49 49 1204112 Holland Fur pf (5) .. 10s 110 110 lin -4 254 21 Hollander* Son (1). 1 234 234 234 + 4 434 324 Holly Sugar (t2) - 4 334 83 33 — 4 415 366 Homestake <tl2) 250s 387 380 387 —34 274 284 Houd-Her (B)(tl4) 18 254 25 254 -4 73 654 Household Fin (4)... 1 674 674 674 - 4 174 124 Houston Oil vtc _ 28 144 144 144 894 624 Howe Sound (+ 3)- 11 864 84 864 + 4 54 4 Hudsorf* Manhat- 1 64 6 6—4 234 184 Hudson Motor Car— 21 21 204 21 +4 24 24 Hupp Motors -— 12 24 24 24 304 224 Illinois Central_ 37 284 274 284 + 4 72 65 111 Cent lse lines (4)60s 684 68 684 —14 404 864 Indust Rayon (tl.68 ) 21 374 864 874 +14 24 14 Indus Ray rts Mch 1. 121 14 14 14 + 4 144 1304 Ingersoll Rand (t2)_. 2 187 186 187 +1 124 1124 Inland Steel (4) — 4 1224 1214 122 -l 884 224 Inspiration Copper— 42 82 804 314 + 4 6 64 Ins Sh Md ctfs(a20c). 9 64 64 64 134 114 Interb Rap Tr vtc (d) 2 114 ll4 114+ 4 64 44 Intercontl Rubber... 2 54 64 54 -4 224 164 Interlake Iron - 163 214 204 214 + 4 84 5 Inti Agricultural- 15 74 74 74 +4 694 42 Inti Agricul pr pf — 2 61 63 53 —1 11141024 Inti Harvester (24). 9 1034 1024 103 + 4 164 84 Inti Hydro Elec (A). 25 144 134 144 + 4 184 154 Inti Mining <a90c)... 8 17 164 17 +4 724 624 Inti Nickel (b50c) - 153 714 694 714 +14 1354 1324 Inti Nick(Can)pf(7). 1 184 134 134 -4 214 164 Inti Paper* Pw (A). 2 174 ieJ* *74+14 144 11 Inti Paper & Pw (B). 2 *114 104 114 + 4 74 54 Inti Paper & Pw (C). 12 64 « 64 + 4 1084 904 Inti Paper & Pw pf - 7 984 87 984 +24 464 41 Inti Print Ink (t2) .. 2 45 45 45 1114 1094 Inti Print Ink pf (6). 10*110 110 110 -4 84 64 Inti Ry Cent Am vtc. 100* 74 74 74 -4 574 48 Inti Ry C Am pf (A). 80* 564 6*4 564 494 474 Inti Shoe (tl)_ 1 48 474 48 +4 494 *14 Inti Silver- * 454 46 454 -4 USA 80 . Inti Silver pf <04)_ . 80* 1074 1004 1064 + 4 I 2:15 p.m. 1 Prev. ] 037 Stock and Sales— Net High. Low. Dividend Rote. Add no. High. Low. Close, chge 164 114 Inti Tel & Tel .. 75 144 184 134 + 4 106 1034 Inter Dept Strs pf (7) SC» 1034 1«34 1034 - 4 264 194 Intertype Corp (1)— 1 24 .24 24 284 254 Island Creek (2) . 2 27 27 27 165 186 Johns-Manvllle <t3). 13 1884 1844 1884 +24 64 44 Johns-Man rts Mar 11 124 5 4 4 6 +4 126 1234 Johns-Manv pf (7) 10» 124 124 124 136 123 Jones&L, 7% pf bl 10« 131 131 131 -4 234 20 Kans City Southern.. 7 224 214 224 + 4 814 284 Kaufmann DS tl.60.. 1 284 284 2«4 - 4 274 25 Kayser J & Co (2).. 5 254 254 254 + 4 234 194 Kelsey-H tA)(al4). 6 2«4 204 204 + 4 194 164 Kelscy-H (B)(al4)- 2 174 174 174 -4 654 66*4 KennecottCop(b50c) 141 64*4 624 644 +14 20 174 KeystoneS&WlblSc) 8 184 174 184 + M 46 39>4 Kimberly Clark (1).. 1 40 40 40 +4 74 54 Kinney (G R) Co _ 1 64 64 64 -4 70 474 Kinney (G R) pf(al) 10» 614 614 614 - H 294 27!4 Kresgret SS )Co( b30c) 13 284 274 274 - 4 474 42 Kress (S H><1.60) 10 414 414 414 -14 244 22 Kroner G & B 4 + 1.60) 15 234 23 23 -4 274 23 Laclede Gas (St L) .. 10* 23 23 23 234 184 Lambert Co (2) _ 3 224 224 224 + 4 164 154 Lane Bryant 1 15 15 15 - !* 27*4 17 Lee Rub & Tire (50c) 13 251* 25 254 - J* 614 88*4 Leh PortCmt <1V4)~ 4 46 45** 46 -4 3*4 24 Lehigh Valley Coal.. 1 24 24 24 184 134 Lehigh Val Coal pf_ 2 134 134 134 + *4 211* 174 Lehigh Valley R R_ 19 20 194 194 + 4 131 118 Lehman Corp (t3>_ 6 126 123*4 124 214 18 Lehn&Fink <al*4)._ 1 194 194 194 684 52 Lerner Stores (t2) .. 4 64 54 54 79 674 Libby-O-FGl (b75c). 4 74*4 734 73** -14 15 9*4 Libby McN & L <al). 80 144 134 144 + H 284 264 Life Saver (tl.60) . 3 264 26 26 -4 114 1064 Ligg&Myers B (t4)_ 3 110H 110 1104 - H 224 214 Lily Tulip Cup(tl 4) 2 224 224 224 834 69 Lima Locomotive_ 6 734 724 734 +14 61 544 Link Belt (t2) 1 59 59 59 +1 52 43** Liquid Carb (2.60)__ 3 48 4 48 4 484 - 4 79 644 Loew s Inc (t2) 12 744 72 744 +24 110 1064 Loew’s Inc pf (6*i)._ 2 1074 107 107 - 4 34 24 Loft Inc _ 30 3H 3 34 + 4 704 56 Lone Star Crnt b75c . 19 65 644 85 +4 10** 64 Long Bell Lum (A) . 29 8 4 8 84 -4 284 224 Loriliard (P>(tl.20) 14 264 26 4 264 944 884 Louisv & Nash(b2 4) 2 924 92 92 -4 374 294 Ludlum Steel (tl) .. 24 36V, 354 364 + !*' 86 324 McCall Corp <t2)_ 8 344 334 334 -14 244 184 McCrory Stores _ 11 214 204 214 + 4 424 38 McIntyre Porcu (2).. IK 404 394 404 + 4 144 124 McKesson & Rob 20 134 134 134 + 4 474 45 KcKess & Rob pf (3). 2 46 454 46 -4 19 164 McLellan St (b75c) . 3 174 174 174 +4 1124107 McLellan Strs pf (6). 10, 107 107 107 58** 42*4 Mack Trucks (tl) _ 16 561* 554 56'* + 4 66 504 Macv (R H) (t2) ... 10 53 52 4 53 15** 134 Madison Sq G (80c)._ 2 14 134 134 -4 62s, 53 Magma Copper (2)... 8 62 614 62 +4 30 21 Manati Sug pf (d)_ 20s 22 214 214 +4 164 13s* Man El md gtd (d)... 1 13s* 13s* 134-4 29s* 234 Manhat Shirt (1) ... 1 27 27 27 6s* 4s* Maracaibo Oil Exp ... 8 6 54 6 14'* 104 Marine Midl’d (t40c). 38 181* 13 134 - 4 24 2 Market St By .. 140* 24 24 24 +4 23 184 Marshall Field & Co 26 224 224 22s* + 4. 114 9 Martin-Parry Corp 11 10 94 10 - 4 4 4 Martin-Par rts Mch 2 7 4 4 ’* — 4 74 60 Masonite Corp (tl) X 2 70 69'* 694+4 41«* 38 Mathieson Aik (1V4). 3 384 38 384 + 4 64 594 Mav Dept Str (t3)_ 1 601* 60'* 604 - 4 154 M MavtagCo (a50c) .... 2 144 l«4 144-4 44 424 MavtaK pf Wiv (3).— 1 42'* 42‘» 42'* -1 334 25s* Mead Corp —_ 13 30 294 30 + 4 864 79'* Melville Shoe (to)— 2 79'* 774 774 -2 164 114 Meneel Co 11 14s* 141* 144 - 4 41 38 Mereh&Min T <tl.60 ) 200* 38 38 38 684 59 Mesta Machine b: *4 . 11 68 67 4 68 26'* 16s* Miami Copper . 35 254 244 254 + ** 32*4 29'* Mid-Cont Pet (al.15) 10 31 30s, 30s* - 4 464 ?84 Midl’d Stl Prod 112). 19 454 44 454+24 i 122 1174 Midi d Stl 1st pf (8) . 10* 120 120 120 109 88 MilW El B & I pf ( 6) . 20* 105 105 105 +14 111 102 Minn-Hon Cos (2) 2 1074 108 107'* +- 4 I 122 114s* Minn-Hon R pf B (4) 10x120 12o 120 +4 15s* 11 Minn Moline Power . 29 134 124 134 + 4 954 884 Minn Moline l’wr pf.. * 924 92 924 24 14 M St P&S S Marie .. 2 2 2 2 —4 6'* 5 M St P&S S M Is line. 30* 64 64 54 29s* 264 Mission Corp (a45c). 3 274 27 274 + '* 84 64 Mo Kans & Texas .. 12 8‘* 8 81* +- '* 33s* 24'* Mo Kans& Tex pf A. 39 32 30s* 314 + 4 5 3 Missouri Pacific <d).. 18 44 *4 44 — 4 111* 7 Mo Pacific pf (d> . 26 10'* 94 94 40’* 304 Mohawk Corp (tl.20) 7 37 364 36st - 4 101 934 Monsanto Chem (tl) x 4 94 934 934 —14 644 534 Montgom Ward (t2) 72 62 60s* 62 +14 2'* 14 Mother Lode(al24c) 280 24 24 24 + 4 384 334 Motor Products (t2> . 4 35 34 4 35 +14 26 214 Motor Wheel (1.60) . 8 24‘* 234 24V* + 4 364 31 Mullins Mfg BlaOOc) 10 32*4 31s* 32'* +11* 98 93 Mullins Mfg pf (7)... 40* 93 92 9.3 364 27s* Munsingwear (t3) . s 31 31 31-4 204 17 Murray Corn (a50c) 20 ls*8 18s* 184+4 684 584 Myers (F E)& Br (3) 2 68** 68 68s, +ls* 24', 17»<i Nash Kelvinator (1). 55 23 224 22*. -4 134 38 Xashv Chat & St B_ 30s 42’, 114 414-4 - 234 184 Natl Acme ia75c)_ ll 214 214 214+ 4 184 13', Natl Aviation tal 1_ 2 164 164 164 + 4 ; 32*4 30'i Natl Biscuit < 1.60) .. 10 314 314 314 + 4 i 334 30 Nat! Bond & Inv 1.44. 7 294 294 294 - 4 38 294 Natl Cash I'.eg tal I 53 384 36', 38 +14 264 234 Nat l Dairy Prod 1.20 . 30 24 234 24 +4 112 110 Nat Dairy Ppf A (7) 10s 110 110 110 1094 1074 Natl Dairv P Pf B (7) 10s 1084 1084 1084 - 4 j 234 174 Natl Dept Stores 23 224 214 224 +1 ' 104 74 Natl Dept Stores pf 105s 8*« 84 84 i 294 274 Natl Distil Prod <*2 ) 32 294 29 294 + 4 374 30 Natl Kn & Stpg (2)—. 2 35 35 35 -14 374 334 Natl Bead (+50c) . 21 354 344 35 -1 150 144 Nalt Bead pf tB)(6) 10s 147 147 147 614 54 Natl Mal'ble&StHa2) 5 59 564 57 +4 144 114 Nat! Pw-& Bt (60c). 17 124 124 124 24 14 Natl P.v Me, 1st pf_ 2 14 14 14 — 4 904 70 Natl Steel ( + 2Jj)_ 39 884 874 88 — 4 714 62 Natl Supply Co_ 1 65 65 65 —2 124 10 Natl Tea (60c) _ 14 104 10 104 + 4 13 114 Natomas i+80c) 3 124 124 124 614 544 Newberry (JJH+2.40) 1 614 614 614 - 4 29 19 NewOrl T&M 4d) 20s 27 26 27 414 344 Newp'* Indus (a60c) 29 36 4 354 364 + 4 984 784 N Y Air Brake (b50c) 2 92 92 92 -4 46+4 40 NY Central RR . 248 444 434 444 + 4 61+4 41 N Y Chicago* St L— 2 60 594 594 - 4 100 83 N Y Chi & St L pf 3 974 954 954 -14 124 94 N Y Dock _ 260s 104 94 10 +4 254 194 N* Y nock pf _ 250s 204 194 204 + 4 2 14 N Y Investors (d)- 4 14 14 14 94 54 NY NH & H td),_ 95 9 84 84 + 4 264 164 NYNH&H pf (d)- 88 254 234 254 +2 64 5 NY Ontario & West.. 4 54 64 54 154 12 NY Shipbuilding_ 18 144 144 144 + H 101 98 N Y Steam pf (6)_ 60s 99 984 99 110 1084 N Y Steam 1st (7)... 10s 110 110 110 34 2 Norfolk Southern(d). 2 24 24 24 272 2594 Norfolk&Wn (b24). 2 265 265 265 - 4 174 134 North Am Aviation . 73 154 154 154 + 4 344 294 North American (tl)- 26 304 30 304 + 4 574 554 North Am Co pf (3)— 2 56 554 66 +4 33 274 Northern Pacihc 91 314 304 814 + 54 54 34 Norwalk Tire* Rub. 9 44 44 44 40 284 Norwalk T & K pf_ 30s 30 28 4 30 +14 194 174 Ohio Oil <a60c) 65 184 1*4 185* + 4 j 624 534 Oliver Farm Equip_ 1 57 57 57 ' 264 181* Omnibus Corp vtc — 81 25 24 244 + 54 164 134 Oppenheim Collins _. 9 164 154 164 + 4 454 354 Otis Elevator (a75c). 7 414 504 404 — 4 214 164 Otis Steel - 78 204 195* 204 + 4 904 75 Otis Steel cv pf (5%) 4 884 874 88 -14 1715*150 Owens-Ill Glass (6).. 4 169 168 169 -4 23 194 Pac Am Fish (tl) — 5 215* 205* 21 +4 155* 114 Pacific Coast _ 220b 125* 124 124 - 5* 364 254 Pacific Coast 1st pf— 10b 314 314 314 274 214 Pacific Coast 2d 60s 23 225* 23 +1 324 30 Pac Finance (tl.80).. 3 30 30 30 38 33 Pac Gas & Elec (2)._. 9 334 33 33 -4 535* 46 Pac Lighting (3) __ 13 474 464 464 - 5* 444 38 Pacific Mills (b50c)— 2 384 38 38 -14 28 224 Pac West O (a65c) _. 8 26 4 26 26 -4 124 104 Packard Motor(a45c) 80 114 114 114 44 25* Panhandle Pro & R . 7 3 3 3 884 60 Panhandle P&Rpf- 8001 634 624 634 + 5* 88 76 Paraffine Co (bl) . 1 86 86 86 -4 284 234 Paramount Pictures. 219 254 235* 254+14 2004 166 Faram Pic 1st pf (6). 2 1744 169 1745* +64 26>* 214 Param Tic 2d pf a60c 21 23 215* 23 +1 4 5* Park & Til rts Mch 15 9 4 5* 5* - 4 74 44 Park Utah 501 74 74 75* + 4 445* 42 Parke Davis (al4) 4 43*4 425* 425* 294 244 Parker Rust P (tl4> 2 27 265* 27 75* 6 Parmelce Transport 2 65* 65. 65* — 4 104 85* Pathe Film Corp 8 95* 84 94 + 4 204 14H Patino Mines (t60c). 86 204 19 204 + 5* 74 35* Peerless Motor 39 64 54 65* + 4 64 691* Penick & Ford (t3)._ 2 584 58 58 -14 1025* 97 Penney (J 0(4) _ 10 98 975* 974 -4 64 44 Penn Coal & Coke_ 1 44 45* 45* - 4 125* 74 Penn Dixie Cement— 57 104 95* 105* + 4 764 64 Penn Dixie C pf (A).. 2 69 68 68 -5 294 22 Penn G1 S d ctfs a50o. 4 27 264 264 - 4 444 394 Penn Railroad <a2)— 19 434 43 435* - 4 584 494 Peoples Drug (tl) . 2 574 574 574 - 4 1164 1134 Peoples DS pf (6 4)- 10b 116 116 116 654 484 Peoples Gas Chicago. 19 604 594 604 + 5* 14 44 Peoria & Eastern ... 10 15 124 144 +2 474 84 Pere Marquette ... 1 45 45 45 —4 204 174 PetrCorp Am (a90c). 9 194 184 194 - H 134 114 Pfeiffer Brew (1.20).. 9 124 124 124 69 62 Phelps Dodge <b35c). 26 6«4 664 684 +2 74 64 Phila Rap Tr (d) 20» 64 64 64 14 12 Phila Rap Tr pf (d)„ 20« 124 124 124 + 4 34 24 Phila* Read C& 1_ 6 24 24 24 -4 834 74 Phillip Morris (3)_ 9 884 82 834 +2 20 134 Phillips Jones _ 1 164 164 164 - 4 574 <94 Phillips Petrol (2)_ 8b 534 524 534 + 4 94 7 Phoenix Hosiery_ 2 74 74 74 +4 194 164 Tierce Oil pf _ < 174 174 174 - 4 4 34 Pierce Petroleum_ 27 34 34 34 — 4 184 15 Pittsburgh Coal _ 4 154 15 15 764 60 Pittsburgh Coal pf 6 624 60 60 -24 184 134 Pitts Screw ta52V4c) 17 174 161* 174 + 4 33 244 Pittsburgh Steel Co_. 6 814 304 31 — 4 112 103 Pittsburgh Steel pf-. 60. 1094 1084 1084 -1 84 34 Pitts United Corp .. 22 74 74 74 + 4 384 314 Pittsburgh & W Va__ 140s 38 364 38 +14 3 24 PittstonCo - 1 24 24 24 274 244 Plymouth Oil (tl)— 7 25 244 25 +4 884 254 Poor A Co <B) _ » 294 29 29-4 ■114 *4 PortoRAmTob <A)_ . 1 . 94 _94 94 -4 2:15 p.m. Prev. 19.37 Stock and Sales— Net Hlsh Low. Dividend Rate Add 00. High. Low Close chie 84 24 Porto Rico Am T (B) 2 24 24 24 154 104 Postal Tel & C pf <d) 6 134 13 134 + 4 314 254 Pressed Steel Car 82 284 284 284 81 264 Press Stl 1st pf(25c). 2 284 2»4 284 -4 86 67 Press Stl 2d pf '2%). 4 774 76 774 “4H 654 654 Proctor&Gamb 02). 9 62 614 614 -14 524 474 Pub Svo N J (2.60)... 7 484 48 48 -4 724 664 Pullman Inc (14)_ 9 694 674 684 -4 244 194 Pure Oil 64 20 19V, 194 - 4 1124 108 Pure Oil 8 % pf ... 90.1114 1114 1114+4 224 184 Purity Bakeries(60c) 63 224 214 224 +14 184 17 Quaker State R (80c) 1 174 174 174-4 124 104 Radio Corp 147 114 114 114 + 4 80 764 Radio Corp pf A(3 4) 2 77 77 77 94 74 Radio-Keith Or (d)_. 29 84 84 84 + 4 194 144 RR Sec 111 Central... 10s 184 184 184 -4 134 114 Real Silk Hosiery_ 1 114 114 114 + 4 34 24 ReislRobt) ... 3 24 24 24 224 184 Reliable Strs (a50c). 1 20 20 20 + 4j 284 214 Rem-Rand (t60c) 20 274 274 274 + 4 944 804 Rem-R pf ww (44) 1 934 931* 934 - 4 1 94 5 Reo Motor Car 141 84 84 84 + 41 37 27H Republic Steel 357 354 344 354 — 4 1194109 Republic Stl pf (al2) l H64 1164 1164 -1 108 99 Rep Stl pr pf A (6) .. 2 105 105 105 - 4 j 464 334 Revere Copper ... 35 444 414 444 + 4 934 71 Revere Copper (A) .. 2 874 86 874 —6 954 934 Revere C&B pf (5 »4) 50s 94 934 934 - 4 135 1284 Revere C&B pf(a3 4) 60s 1334 133 133 304 264 Reynolds Metal (tl). 5 274 27 274 - 4 844 294 Reynolds Sprtng(tl). 1 31 31 31 68 554 Reynolds Tob B (3).. 9 554 55 554 314 244 Ritter Dental (tl)_ 2 264 264 264 + 4 844 12 Roan Antel (al.12)_ 1 814 814 814 + 4 j 130 117 RuberoidCo (1.80)_ 1 125 125 125 -3 94 74 Rutland RR of ... 1 84 84 84 46 414 Safeway Stores (t2). 10 434 434 43*4 + 4 1014 «74 Safeway Strs pf <5)_. 20. 1004 100 1004 + 4 113 109** Safeway Strs pf (6).. 20g ill 111 111 +4 113 1114 Safeway Strs pf (7) 180s 112 1114 1114 - H 56 434 St Joseph Lead (al). 18 65 534 55 +14 44 3 St E-San Fran cd) _ 16 44 4 44 + 4 i 104 64 St L-San Fran pf (d) 25 104 94 104 + 4 22 144 Savage Arms (al) . 2 204 204 204 — 4 474 424 Schenley Distil 4 +3 ) 23 46 4 454 46 + 4i 98 944 Schenley Dis pf (54) 1 974 974 974 + 4 34 2 Schulte It Strs (d) .. 7 24 24 24 234 17 Schulte It S pf id) .. 2 2o 194 194 - 4 454 38 Scott Paper (1) .. 250s 404 40 40 —1 24 14 Seaboard Air 4 (d) - 15 14 14 14 84 6 Seaboard A L pf III). 7 74 64 ‘18 + 4 474 41 Seaboard Oil (1) ... 12 41 404 41 114 74 Seagra ve Corp _ 2 94 9 94 + H 914 81 Sears Roebuck (3)_ 30 88** 874 884 + !t 34 28 Serve! Inc 111) . 14 32 31 31’* + *. 384 29 Sharon Steel (tl.20). 10 36*4 36 364 + 4 14 104 Sharpe & Dohme .. 11 114 114 H4 174 154 Shattuck(F G)(60c). 6 164 16 164 + 4 44 394 SheafferPen (bl4>.. 20s 38*« 384 38** - 4 344 264 Shell Cn Oil (a25c> . 63 33 4 32 4 33V* +1 1054 102 Shell L'n Oil pf (5*4). 2 1044 1034 1044 +14 16 124 Silver King (60c)_ 18 154 15 154+4 554 444 Simmcfhs Co (a3)_ 13 62 504 52 +14 44 34 Simms Petrol _ 2 34 34 34 47 42 Skelly Oil 3 434 434 434 - 4 1024 99 Skellv Oil pf (6)_ 1 101 101 ini - ». 544 48 Smith (AO) ,_ 6 48 474 48 -14 404 274 Smith* Corona s (1). 1 374 374 374-4 29** 264 Snider Pac k (bl 4) . 1 284 284 284 + 4 194 161* Socony-V Oil (b2oc) 169 184 174 184 64 44 So Am G & P Ca30c) 11 64 5 5 —4 424 34 South Port Sug C t2) 3 35 344 344 + *4 324 29 So Cal Edison (tl ^) 9 29 28*. 28*. - 4 63 424 Southern Pacific . 12i 524 49*. 524 +14 354 24 Southern Railway— 6o 324 314 32** + 4 594 47*. Southern Rv pf _ 18 57 55s* 56V* 104 9 Spalding (AG) 3 104 10 104 + 4 77 684 Spalding (A Gllst pf 30s 76** 764 764 -4 94 74 Sparks-XVithington _ 17 84 8 84 36 33 Spencer Kell (1.6j) _ 2 324 324 324 — 4 23*. 204 Sperry Corp vtc (al). 40 221* 214 224 + 4 334 284 Spicer Mfg <a3) 6 314 31 314 — 4 50 484 Spicer Mfg pf A (3) 50s 48 4 48 48 — 4 284 224 Spievel Inc (h25c> 23 254 24** 254 + 4 112 106 Spiegel Inc pf (6Vi > 200s 111 ill ill 47 414 Square D (B) (al 7g ) 6 464 45** 4o** 164 154 Stand Brands (»80c). 22 154 154 154 1284 126 Stand Brands pf (7). 40s 1254 124s* 1254 — 4 124 104 Stand Com Tobacco _ 3 114 104 104 144 8*4 Stand Gas & El (d) . 24 124 124 124 +4 314 254 stand G&E $4 pf Id). 9 28 274 27*. + 4 724 60»* Stand G&E $7 pf id). 3 634 62 634 f 4 1 50 434 Stand Oil of Cal (tl). 32 48H 474 48 -4 50 464 Stand Oil of Ind (tl). 23 484 474 47** - 4 , 754 67*. Stand Oil of N J (tl) 85 12** 71s, 724 + 4! 75 704 Sterling Prod (t3.80) 6 714 71 714 21 174 Steward-War 1 toOc). 10 19+ 19 194 - + 334 284 Stone & Web <a25e)_. 21 29** 29>* 29*. + 4 20 134 Studebaker Corp_ 176 I84 174 184 + 4 774 73 Sun Oil (tl) _* 2 73 73 73 - *» 74 44 Superior Oil _-_ 44 6 4 64 64 + 4 45** 37 Superior Steel _ is 42 My-, 42 tii 28 254 Swift & Co * 41.20)— 13 274 27k 274 -4 32*4 31+ Swift Inti Ltd (2) 8 31 30** 30?, - »* j 234 184 Symington-Gould ww 11 194 194 >94 174 144 Symington-Gould xw 7 144 144 144 — 4 15*, 134 Taloott (James) b30c 5 144 14 144 + 4 574 55 Taloott (J)pf(2 4 > 60s 56'. 56 564 - ** 84 7s, Telautograph (60c) 1 74 7Vx 74 144 H4 Tennessee Corp aloe 41 144 13k 144 + 4 594 504 Texas Corp (2) ue 52*t 514 524-4 24 2 Tex Corp rts Mch 19- 571 2 14 2 — ■* 94 74 Texas Gulf Pr <a5c). 23 8 77* 8 43 384 Texas Gulf Sul (t2).. 5 41H 41 41 + ’* 16** 134 Tex Pac C&O (blOc). 36 144 144 144 + 4 154 114 Texas P L T (alOc)_ 27 134 12*4 134 + 4 48 374 Thatcher Mfe (tl)... 8 454 45 454 -14 934 89 The Fair pf (7)_ 20s 884 884 884-4 137* 104 Thermoid Co _ 14 114 11 11*9+4 84 64 Third Avenue . 1 7*4 74 74 - 4 14*4 12 Thompson J R (t50c) 5 134 134 134 — ’4 284 25 Thompson Pr (al’i). 5 26_ 254 254 + 4 107* 67* Thompson Starrett 32 77* '4 74 + 4 40** 32 Thompson Star pf 1 34 34 31 — 4 214 204 Tide Wat As Oil< 60c) 17 21 204 21 + 4 284 22 Timken Detroit (tl) 44 26', 254 26 - 4 79 70 Timken Roller B (3 ) 2 734 724 727* + 4 17*, 16 Transamerica (t40c) 26 I64 18*4 184 22** 18s* Trans&West Air a25c 14 20 194 -n +4 27** 194 Transue & W (t60c) 1 21 21 21-4 107* 9 Tri-Conti (a50c) 24 97* 94 94 + 4 104 84 Truax-TrCoal (b23c) 2 94 94 94 + 4 384 34*4 20th Cent F F (tl4) 33 344 33** 34 -4 174 13»* Twin Citv R T 3 144 14 114 + ** 94 85 Twin C R T pf (al4). 30s 85 84 4 84*« -2*« 67* 47* Ulen & Co .. 5 5 4’* 47* - 4 1004 914 Cnd-Ell-Fisher (3) - 2 92 914 92 +1 68 63 Union Bag & Pap (2) 1 64 64 64 111 1014 Union Carb&C (3.20 ) 21 108** 1064 1077* - >* 284 254 Union Oil Calif (1) . 39 25** 247s 254 -4 136 1264 Union Pacific (6) 1 133 133 133 +34 99*4 974 Union Pacific pf (4).. 1 98 98 98 —1 314 264 Union Tank Car 1.60. 1 304 30'* 307* + ** 324 274 United Aircraft aoOc- 60 304 294 30 +4 244 204 United Air L (a20c) . 27 21 207* 21 + 4 304 28V* United Biscuit (1.60 ) 6 294 284 29 91 79 United Carbon (t3).. 3 81 81 81 -5 334 294 Unit-Carr Fast (t2).. 1 33 33 33 84 64 United Corp (a20c)— 46 7 67* 64 467* 434 United Corp pf (3) 21 44 43 434 — 7* 154 14V* United Drug (a75c)_ 7 144 144 14V* — 4 254 184 United Dye wood (1). 1 214 214 214 106 96** United Dyew pf (7)50s 106 106 106 9 74 United Elec Coal 19 84 8 84 + 4 604 464 United Eng&Fy (t2). 4 584 57 584 + 4 854 804 United Fruit (t3) .. 11 83+ 824 83 +4 17 14** United Gas Imp (1).. 44 15** 154 154 11341117* UnitedGImppf (5).. 1 1114 1114 1114 + 4 167* 67* United Paperboard... 6 144 144 I44 + 4 204 164 U S Distributing pf— 40s 154 154 154 + 4 224 17 U S & For'n Secur_ 11 214 20s* 20**-** 347* 294 US Freight (tl)_ 6 294 294 294 137 122 U S Gypsum (t2>- 10 1254 1254 125 -1 204 17 US Hoffman _ 10 194 19 19V* + 4 437* 374 U S Indus Alcohol- 9 39', 387* 39V* + 4 9 64 U S Leather vtc ... 15 84 8 84 +4 174 184 U S Leather (A) vtc.. 31 174 164 lfi4 + H 104 89 U S Leath pr pf bl 4 - 1 l®3 l®3 103 +1H 714 604 U S Pipe & Fdry (3).. 9 664 654 664 + 4 194 154 U S Realty & Imp- 9 164 154 164 + 4 614 447* U S Rubber 35 574 564 564 ~ 4 118 924 U S Rubber 1st pf- 14 1114 109*4 1U4 +24 934 834 U S Smelting (b2)— 11 92 91 92 +1 1144 75 US Steel . 273 1114 1084 1114^1 150 1394 U S Steel pf (7) - 6 1457* 145 1454 + 4 97* 74 U S Stl Yd (al24c)— 8 84 74 84 + 4 135 1294 U S Tobacco (t5) — 1 1344 1344 1344 - 4 84 64 United Stores (A) .. 10 74 7 74 + 4 47* 34 UtilPw&Lt (A)(d). 8 34 34 34 + H 2*4 154 Vadsco Sales Corp - 6 2 154 2 + H 3454 281« Vanadium Corp 35 3154 30*4 3144 + 54 44*4 3954 Van Raalte (b«254c)- 4 42 4154 42 46 54 4 2 54 Vick Chemical < +2) - 1 4354 4354 4354 + H 954 754 Va-Car Chemical 11 8*4 8 8 — 54 6154 5454 Va-Car Chem 6% pf 1 5454 5454 5454 - 54 1254 954 V’a Iron Coal & Coke 160» 1054 1054 10(4 + 54 76 70 Vulcan Detin ia8) — 10« 71 71 71 554 354 Wabash (d) 7 454 4 54 454 145* 9 Wabash pf iA)(d)_ 10 1254 1054 1254 + 54 12 454 Wabash pf (B) (d)- 10» 10 10 10 -2 19*4 16 Waldorf Sys (tl.20). 2 18 1754 18 + 54 49 3754 Walgreen Co (2) 7 4754 4654 4754 118 114 Walgreen Co pf <654) 110s 11454 11454 11454 1954 1954 Walker <H> pf <1)— 1 1954 1954 1954 - 54 17 1154 Walworth Co _ 59 1554 15 1554 + 54 5054 42 Ward Baking (A)_ 2 4554 4454 4554 + 54 954 654 Ward Baking <B) - 40 9V* 8* ^4 + 54 18 H54 Warner Bros Picture. 92 1 55* 1454 1554 + 54 154 1 54 Warner-Quinlan <d)- 6 154 1H - 54 12H 654 Warren Bros <d) - 50 954 854 954 + 54 3554 24 War'n Bros cv pf (d). 8 2854 2754 2854 +1 4454 3554 Warren Fdy & P (tl) 18 445t 435l 44 54 +154 38*4 35 Waukesha Motor (1) 6 3654 36 8654 254 154 Wells Fargo .. 100s 154 154 1 54 - 54 6154 46 Wesson O&S (t50c)-. 4 47 4654 47 — 54 8454 78 Wesson O&S pf (4)— 1 8154 8154 8154 + H 102 98 West Pa Elec pf (6). 30s 98 9754 9754 — 54 109 10454 West Pa Elec pf < 7) 10s 10654 106 10654 — 5i 11554 11354 West Pa Pwr pf (6)— 60s 114 114 114 1054 854 Western Maryland ... 8 10 954 9*4 + 54 2254 1754 Western Md 2d pf — 4 2054 20 20.'4 — 54 854 254 Western Pacific -- 8 354 3 3 — 54 10 754 Western Pacific pf - 14 954 854 9 + 54 8354 74 ^Vest'll Un Tel(b75c) 22 73*4 7154 73 +154 5654 4854 Westlngh’se A B < 1) - 7 62 5154 51*4 + 54 16754 145 Westlngh'se El <bl)- 9 1 56 15154 156 +4 170 151 Westhse 1st pf <bl) 70s 164 16354 164 30H 28 West'n El lnatia85c) 2 27 2654 *654 -1 ””(Continued on Nineteenth Pa«e.) U. S. Steel Reduces Loss, While Bethlehem Turns to Upside. Slock Averages . 30 15 15 no Indust Ralls Util Stks. Net change. —.2 —.2 —.1 —.2 Today, noon 97.7 41.5 50.1 71.6 Prev. day_ 97.9 41.7 50.2 71.8 Month ago. 97.1 39.2 52.7 71.4 Year ago— 78.2 37.2 48.5 60.5 1937 high...100.8 43.2 54.0 73.8 1937 low... 94 1 37.8 50.2 69.1 1936 high— 99 3 43.5 53.7 72.8 1936 low— 73.4 30.2 43.4 55.7 1932 iow_ 17.5 8.7 23.9 16.9 1929 high—146.9 153 9 184.3 157.7 1927 low_ 51.6 95.3 61.8 61.8 (Compiled br the Associated Press.» BY VICTOR EUBANK, Associated Press Financial Writer. NEW YORK. February 24.—Stocks rallied quietly in today's stock mar ket after an early break in the steels. United States Steel, near the final hour, cut a 2-point drop to a fraction and Bethlehem transformed a point loss into a gain of as much. The comeback lacked snap, w ith the principal volume developing on the selling side in the morning. There were also plenty of losers in evidence. Many traders showed a disposition to cash in profits and stand aside pending clarification of strike prob lems and Washington policies. I.ate improvement was registered for General Motors, Yellow Truck, White Motors, Goodrich. Deere, Douglas Ail - craft, Boeing. Western Union, Ana conda, International Nickel, Park Utah. Standard Oil of New Jerse Celanese, Loew’s, Westinghouse, A’ mour. Santa Fe. New York Centra Southern Pacific and New Havei preferred. Under water were Consolidated Ed ison, Standard Oil of Indiana, John' - Manville, Republic steel, Chrysf and Sears Roebuck. Transfers were around 2,200,0 shares. INSURANCE STOCKS NEW YORK. February 24 '/T’.—N. xork Security Dealers' Association. j Bid. Asked. Aetna Cas *•’a* 1<»4 lO.s Aetna Ins (l.6*n ;,-j 54 Aetna L ie i>nai __ 3.r;34 ;t.V, Am Ecuit _ 4x 14 441. Am Ins Newark (’2( 11 l.T1 Am Reins (.;. _ _ s4 88 * Am Reserve <la» _ ;;i»4 3;;*4 Am Surety 02*4 h4>4 Automobile 11 a • _ _ 34*4 30*4 Bait Amer C2(»ai _ .o4 o»4 Carolina <1.30* •>* 2 30 City of N Y (l.Cii. _ 2U‘.4 au»i Conn Gen Lif (.80) _ 43*4 44 Contm Cas (l.20i 3n 32 Fid Dep <lg> _ 12:>2 131 Firemens Nwk __ 13 144 Fran* Fire (la) _ 32 34 Gen Reinsur (2* 44 40 Glen Fails (l.ttfit _ 45 47 Globe A Rep (.80) _ 23 253i Globe A* Rut _ 7234 75*j Great Amer (ia> _ 2834 30b Hanover <1.00* _ 37Va 304 Harmonia (1.301 _ 30 32 Har::ord Fire (2) _ 72 74 Home Fire See _ n Tty Home Ins 11 a> __ 38*4 4nty Homestead (li _ 2134 234 Lincoln Fire _ 4s*. 5$i Mass Bona (3*2) _ 68’ 2 71*1 Natl Fire <2* 05 67 Natl Liberty f.2na* _ In llty N Hampshire il.nn)_ 4*1 47*« N Y Fire t.SOa > __ 24* # 27*i Nor River 1 i-4g 1 284 3<» Phoenix «2a» _ 1*3*2 »7*4 Prov Wash «la> 3!»*a 41’* St Paul Fire (6> _ 213'2 218 Soringfi^ld <4,.a» 12s 13l * Sun Life o:34e* _ 7 1(» 7 on Travelers <16* 516 526 U S Fire (2» 5634 58*1 Westchester (1.20a> 36»,4 38ty a—Also extra or extras *—Declared or paid so far this year. METAL MARKET. NEW YORK February 24 <T —Conpe firm electrolytic spot and future. 15.On export 15.05. Tin easy: spot and nearbv 54.75-35.0U; future 54.50-75 Lead steady SDot. New York. 6.50-55: East St Louis 6.35. Zinc steady: East St. Louis -pet and future. 6.so. Iron, firmer: No J 2. f. o. b Eastern Pennsylvania. 22.001 Buffalo. 22 no; A’abama 17.on. Ant mony. 16.on Aluminum quicksilver platinum and wolframite unchanged. FREIGHT LOADINGS. NEW YORK February 21 *TV—Revenm freight carloadiues on railroads reportini for week e’^drd February 20 included: Week Previous Las F^b. 2“. Week Year Norfolk *- West 20.185 27.462 24.30* Pennsylvania 113.642 113.024 04.841 SOU Pacific 36,447 35.454 20.62 ’ Wabash 15.087 15.643 14 611 ■ ■■ -m RAILWAY INCOME. NEW YORK. February 24 «*»>.—Net op crating incomes ‘before fixed charges ar.< other income* of railways reporting to day for January included: 1937. 1036 Illinois Cent. System #400.706 #073.78; -• Bangor & Aroostook Railroad— Januarv surplus after charges wa! $119,960. against $123,586. INDEPENDENCE FEND DECLARATIONS OF TRCST Empire Trust Company, Trustee New York City A Living Trust Fund Prospectus on request. Slauson, White & Rowe, Inc. Washington Office 105-10 Peonies Lite Ins. Bid.. Washington. D. C. Tel. Nat. 0631-0033 Maryland Office 430-11 Calvert Bid... Baltimore. Md. Tel Calvert 1433-1434 U. S. Government, Municipal, Public Utility, - Railroad and Industrial Bonds • • • Listed and Unlisted Securities • • • Bank and Insurance Stocks Robert C. Jones & Co. Shoreham Bldg. MEtropolitan 2922 "Complete Investment Service"