February New Business
Shows 31 Per Cent Gain
Over 1936 Month.
BY EDWARD C. STONE.
Distact of Columbia life insurance
agents hung up a brilliant record in
February, writing 31 pier cent more
new business than in February, 1936,
at the same time beating the mark set
by every State in the Union but Flor
ida, which did 33 per cent more busi
ness than a year ago.
Virginia did almost as well as Wash
ington, reporting a gain of 27 per cent
in new insurance, according to the
monthly survey of the Life Insurance
Sales Research Bureau, Hartford,
Conn. New insurance in West Vir
ginia was 15 per cent better than a
year ago. South Carolina boosted
business 12 per cent and Maryland
wrote 1 per cent more policies than
last year in the same month The
national average was up 6 per cent.
North Carolina dropped 2 per cent.
In the national figures the South
Atlantic States made a particularly
good showing with an aggregate gain
of 15 per cent. New England also
did well. During February Washing
ton agents wrote $5,875,000 in new
business, Maryland reported a total of
$6,794,000, Virginia. $6,047,000; West
Virginia, $4,169,000; North Carolina,
$5,703,000. and South Carolina, $2,
633,000. Including Delaware. Geor
gia and Florida, the total for the group
was $44,038,000. In the Capital 85
per cent of the Old Line offices did
more business than in February, 1936.
Business in Washington during the
first two months of this year w»as up
7 per cent. Virginia’s was 14 per cent
higher and Maryland 6 per cent.
This city's February gain was far
ahead of Boston, New York, Philadel
phia. Chicago and all the other big
cities in the country, the report re- j
veals.
Store Payments Show Gains.
Payments on open-credit accounts
receivable of department stores were
made at a slightly higher rate during
January. 1937, than during January,
1936. and December, 1936, according
to an announcement today by the
Bureau of Foreign and Domestic Com
merce.
The installment collection rate was
lower in January. 1937. than in both
January and December, 1936. The in
stallment collection percentages were
16.4 for January this year and 16.7 !
for January and 17.3 for December j
last. year.
Six of the Federal Reserve districts i
reported higher collection perc -itages
on open accounts for January, 1937,
as compared with January, 1935. with
the Philadelphia district registering
the greatest relative increase. On in
stallment accounts, the Boston, Rich
mond and Chicago districts showed in- j
creases, while the other nine districts j
•howed decreases.
Cochran Author of Tax Book.
Howe P. Cochran, an attorney and
accountant, who is a member of the
District of Columbia bar, has just
written a most exhaustive book on
"Scientific Tax Reduction,” pub
lished by Funk & Wagnalls, New
York. This Washington man, whose
home is in Chevy' Chase, has gone
into the intricacies of the Federal
tax laws at great length, his aim
being to give a comprehensive treat
ment of Federal income, gift and
estate taxes, dealing with both ' gal
and accounting tax problems.
The author is enrolled to practice
before the Treasury Department,
Board of Tax Appeals and other
courts, including the Supreme Court,
and has had large tax experience.
In his new book he includes many
short schedules by which may be
determined the gain or loss on any
property sale. His book is certain to
be widely read by large taxpayers, tax
rractitioners and accountants, as one
of the most comprehensive tax guides
yet written.
Market Interest Maintained.
Boardrooms in Washington broker- ]
age houses have been unusually j
crowded during the past week. On j
the outlook for the stock market there ]
are as rnapy different opinions as ;
customers. T5he action of United j
States bonds .t^jfeljp'es in stocks, the
Supreme CmiH&sit-down strikes and
a host of <Xj|»r 'topics figure promi
nently in thiWdeilv gossip.
Probably the sit-down stikes have
caused the most lively arguments. Two
traders brought bacl. memories of An
drew Carnegie during one of these dis
cussions.
“Which is the most important, capi
tal, labor or management?” asked one
trader, to which the reply was that
Carnegie had given the best answer
to that question; when he once asked:
“Which is the most important leg
of a three-legged stool?
Heard in Financial District.
J. A. Sisto & Co. announces heavy
oversubscription f the issue of 300,000
shares of common stock of Air De
vices Corp , which was placed on the
market yesterday at $3.75 per share.
The books have been closed.
President Floyd E. Davis of the Lin
coln Memorial National Bank has been
on a visit to Atlantic City. His bank
will celebrate its 47th anniversary
next Thursday, March 25.
The A. B. A. Regional Conference
at Atlantta on March 25 and 26 will
be largely attended, advance registra
tions indicate. Robert ", Fleming
and some other bankers will attend
from here although most of the Wash
ington financiers attended the Pitts
burgh conference.
The Bank of Commerce, Seventh
and E streets, is making changes in
the lobby to furnish additional coun
ter space.
A futures market for frozen eggs
and facilities for spot transactions in
this commodity will be established on
the Chicago Mercantile Exchange with
the inauguration of trading on April
1. Lloyd S. Tenny, business manager
of the Chicago mart, reported today.
Lower Rates Planned.
The Virginia Public Service Co., a
subsidiary of Associated Gas & Elec
tric Co., has filed a new rate sched
ule with the State Corporation Com
mission applying to the Arlinpton
Alexandria district w'hich will save
electric customers more than $100,000
annually.
STOCK INCREASE VOTED.
NEW YORK. March 20 OP).—Stock
holders of Ruberoid Co. have voted to
Increase authorized capital stock to
1.000,000 shares from 150.000 shares
to allow for a split-up on a 3-for-l
basis.
-•
PLATE GLASS OUTPUT UP.
NEW YORK, March 20 OP).—Produc
tion of polished plate glass by mem
bers of the plate glass manufacturers
of America totaled 18,676,371 square
feet in February, compared with
13,856,937 in February, 1936.
TRANSACTIONS ON THE NEW YORK STOCK EXCHANGE
By Private Wire Direct to The Star.
Prev. 1837 Stock and Seles— Net
Hich Low. Dividend Rate Add 00. High. Low. Close, chge
2294 15 Adams Expr (a55c).. 5 21 2094 20)4 — 94
36 3194 Addressograph (1)._ 2 32 32 32
8014 7214 Air Reduction <tl)_ 8 74 73 74 +1
6) 4 8)4 Air-Way Elec AppL_. 6 4 3% 394
1594 14*4 Alaska Juneau ( t60c) 1 1494 1494 1494 — 9«
594 3)4 Alleghany Corp 8 494 494 494 "* 14
46*4 36)4 Allegheny Steel b40c. 6 4294 41)4 41)4 — 94
25814 225 Allied Chemical <6)_ 6 240 239 239 -1
33)4 26)4 Allied Mills (b60c)_ 4 26*4 2614 26)4 + 14
21)4 1614 Allied Stores (b20c)_ 9 1914 1914 1994 + 14
86 81 Allied Stores pf (5).. 1 8414 8414 8414 + 14
83)4 6514 Allis-Chalmers(b50c) 21 66*4 6614 6514 - Yt
8) 4 4)4 Amal Leather 17 794 794 7)4 - 14
62 34)4 Amal Leather pf (3). 1 46 46 46 - 14
114)4101 Amerada Corp (2) 6 107 106 107 + 14
101)4 83 Am Ag Chem(Del)bl. 1 93 93 93 - 14
4194 30*4 Am Bank Note <tl)_ 4 3094 3094 3094 - 14
121 10694 Am Can <t4> 9 107 106)4 106)4 - 94
71 66 Am Car & Foundry... 8 6414 64 64
90*4 72 Am Chain & Cable bl. 2 83)4 8314 83)4
23*4 13*4 Am Colortype ... 3 20 19*4 19*4 - 14
2994 2694 Am Cornel A1 (a60c). 1 2794 2794 2794
13)4 8)4 Am Encaustic ... 25 1294 1214 1294 + 14
13*4 7)4 Am & Foreign Pwr_ 9 12 1194 11)4 + H
68)4 49 Am & For Pwr 86 pf.. 1 6014 60)4 60)4 + 14
68)4 58 Am & For Pwr 87 pf_. 2 60 6914 60 +1
21 18 Am Hawaiian! 1) .._ 1 1994 1 994 1 994 + 94
11)4 6)4 Am Hide & Leather.. 11 10)4 9)4 10
669* 87)4 Am Hide & L pf (3).. 2 61 60)4 60)4 - )4
4*4 2H Am Ice 1 414 4)4 4)4 + 94
17*4 13*4 Am Internatl (a40c). 4 1694 1694 1694 + 94
68)4 43 Am Locomotive _ 6 62)4 52 62 — 14
125 114 Am Locomo pf (a3).. 1115 116 115 + 94
2994 22*4 Am Mach&Fdry (tl). 6 26*4 26 2694 + 94
1394 11*4 Am Mach&Met (60c). 1 12 12 12+94
68*4 50)4 Am Metal 7 61)4 61 61)4 -1)4
129)4 124 Am Metals pf (6)_ 1 124 124 124 -194
75 62 Am News (N Y)(3)_60s 65 66 66 —1
16)4 11)4 Am Power & Light_ 13 13)4 13H 13)4 + 14
72)4 66)4 AmPwr&Lt pf (6).. 2 58)4 68)4 68I4
29** 24)4 Am Radiator (t60c).. 23 25)4 25)4 26)4 - 94
45)4 3314 Am Roll Mill ( + 1.20). 38 89)4 3894 3914 + 94
29 23)4 Am Seating (a2%)... 1 2694 269-4 2594-94
68 41 Am Shipbuilding (2). 210» 5794 6614 66)4-194
10694 88)4 Am Smelt & Ref (3).. 29 9714 96)4 97 -1
7) 4 3H Am S & R rts Mar 31. 115 5)4 5)4 694 - 14
6714 60 Am Snuff (|3) 1 61 61 61 + Vi
7814 6914 Amer Steel F (b50c). 2 61 61 61 -1
115 110)4 Am Steel Fdv pf (7).. 80s 110 110 110 — 14
187 171)4 Am Tel & Teleg (9).. 7 17114 171)4 171)4 - 94
99 78Vj Am Tobacco (5) _ 3 79)4 79)4 7 9)4 - h
99)4 80*4 Am Tobacco B (5)_ 4 81)4 81)4 8H4 - Vi
160)4 12814 Am Tobacco pf (6)_ 1 129 129 129 + 14
201* 16)4 Am Type Founders.. 1 1714 17)4 1714-14
2914 23*4 Am Water Wks (80c) 25 24)4 2394 2394
U*4 994 Am Woolen ... 1 12)4 12 12-14
79 64 Am Woolen pf (bl).. 3 729* 7294 7294 - %
194 Us Am Writ Paper (d)_ 18 1)4 1 1—94
9** 6 Am Writ Pap pf (d).. 6 6)4 6)4 6(4-14
20 6*4 Am Zinc & Lead .. 22 16)4 16)4 1614 - 94
6914 62)4 Anaconda Copper(tl) 88 63)4 62)4 6314 -94
97 84 Anaconda Wire (t2)_ 2 90 90 90 -514
24*4 18 Anchor Cap (60c)_ 10 22)4 2114 22 ‘+14
10(4 6I4 A P W Paper _ 2 8 8 8-94
111 10794 Armour (Del) pf (7). 1 109** 10994 109**
13*4 7 Armour (111) (bl6c)... 33 1214 12(4 1214 + 14
99)4 8194 Armour(Ill)pr pf (6). 2 97)4 97 97 -1
70)4 59)4 Armstrong Cork (2). 9 68I4 68 68 — 94
1794 14 Artloom Corp _ 3 14 14 14—14
24*4 19)4 Assoc Dry Goods ._ 6 21(4 21 2114 + !4
8794 6914 Atch To & S F« (a2)_. 17 84 8314 839* + 94
55)4 44)4 Atl Coast Line (al).. 9 51)4 60)4 61 — 94
37 30)4 Atlantic Reflning(tl) 30 3394 32*4 3394 — 14
116)4112 Atlantic Ref pf (4) 1 11214 11214 11214
18)4 16*1 Atlas Corporation 80c 86 1814 18 18)4
62*4 50)4 Atlas Corp pf (3)_ 2 61)4 61)4 51)4 -'94
36*1 28)4 Auburn Auto _ 4 28)* 28)4 28)* — 9*
9) 4 7H Austin Nichols_ 2 8)4 894 8(4
99* 6*4 Aviation Corn (Del). 8 894 8)4 8)4
114 x Baldwin Loco (d) 16 9 9 8 -4
94 74 Baldwin Loco asd(d) 2 74 74 74 - 4
404 204 Baltimore & Ohio . 71 384 874 374 + 4
47?j 334 Baltimore & Ohio pf. 9 44 434 44 — 4
45 41 BangorfcAroos (24). 2 434 43 434 +1
434 354 Barber Co (a76c)_ 4 394 394 394 -4
32 254 Barker Brothers _ 1 274 274 274
42 38 Barker Bros pf (2 4) 60s 414 414 414 +4
354 264 Barnsdall Oil (1) 8 314 31 31 -4
204 174 Bayuk Cigars (t75c). 2 174 174 174
154 13 Belding Hemin (1»._. 1 134 134 134 + 4
304 25 Bendix Avia (b25c). 13 254 254 254 -4
105 4 73 Bethlehem Stl (al4) 71 954 93 4 95 +14
20 184 Beth St! 6% pf (1) 2 194 194 194 - 4
294 224 Blaw Knox (b20c) ... 9 284 274 274 - 4
944 914 Blumenthal pf (a21). 10s 92 92 92 -4
494 334 Boeing Airplane_ 8 46 464 454 — 4
93 87 Bon Ami (A)(4) 10s 87 87 87 +4
454 414 Bon Ami(B)(b624c) 30s 44 44 44 +14
28 264 Borden Co (1.60)_ 11 274 274 274
834 724 Bor*-Warner (4)_ 4 804 80 804 +1
124 84 Boston* Maine_ 14 14 134 14 +1
234 164 Brldgep't Brass (60c) 20 194 19 194
694 477, Briggs Mfg (t2) 14 484 474 484 -4
634 44 Briggs* Stratton(3) 1 454 454 454 + 4
47 42 Bristol-Myers(t2.40 ) 2 424 42 42 -1
63 40 Bklyn-Man Tr (4)_ 7 43 4 43 43
8 64 Bklvn & Queens_ 1 64 64 64
624 41 Bklyn Union Gas (3). 2 414 414 414 + 4
244 204 Brunswick-Balke_ 2 214 21 214 + 4
254 20 Bucyrus-Erle _ 11 204 204 204 - 4
144 12 Budd (EG) Mfg _ 27 124 12 124
98 75 Budd (E G) Mfg pf._ 1 84 84 84 -4
13 94 Budd Wheel (a20c)._ 6 104 104 104 + 4
654 51 Bulova Watch (+ 4)_ 5 564 56 664 - 4
35»s 314 Burr Adding M (80c) 9 33 4 32 32 - 4
114 74 Bush Terminal <d) 1 9 9 9
454 244 Bush T Bldgs pf (d). 10s 364 354 354 + 4
184 134 Butler Bros (bl5c)... 8 164 164 164
364 294 Butler Bros pf (1 %). 1 334 334 834
94 64 Butte Cop & Z (»5c)._ 7 64 64 64 — 4
334 274 By era (AM) _ 1 294 294 294 - 4
344 27 Byron Jackson < 11)_ 3 33 32 32 —1
484 40 Calif Packing (2) ... 1 41 41 41
64 24 Callahan Zinc-Lead -. 63 44 4 44 + 4
204 154 Calumet & Hecla (1). 18 17 164 164-4
374 324 Campbell Wy (tl)... 4 324 314 314 -14
384 274 Canada Dry G Ale .. 66 374 36 4 364 -4
61 60 CanadR Southern (3). IOOi 60 60 60
174 144 Canadian Pacific .. 41 154 144 15 +4
184 15 Cap Admin (A) (al) 6 17 17 17
106 100 Car Clin & O stpd <5) 10« 1014 1014 1014 +14
84 7 Carriers & Gen (blOc) 2 84 8 84
1764 138 Case (J i) Co (4) .. 8 164 163 153 -1
100 864 Caterpillar Trac(t2). 8 01 01 91 —24
364 264 Celanese Corp(b76c)_ 12 334 334 334 + 4
484 364 Celotex Corp ... 1 434 434 434 + 4
824 784 Celotex Corp pf (6)_. SO. 78 78 78 -4
124 84 Central Foundry Co.. 2 11 104 104 — 4
414 37 Central R R of N J .. 2 384 37 *7 -14
244 17 Central Violeta Sug.. 1 18 18 18
864 674 Cerro de Pasco (4) — 8 78 774 78 -4
234 164 Certain-teed Prod .. 15 184 18 18-4
82 674 Certain-teed P pf (6) 40. 75 744 75 -4
634 354 Champ Pap&F (1).. 18 67 54 67 +4
111 109 Champ Paper pf 16).. 20s 1104 1104 1104 - 4
684 61 Ches & Ohio < t2.80)_ 16 614 614 614 +4
44 24 Chi & East 111 (d) .. 4 44 44 44+4
134 64 Chi & East 111 pf (d). 3 124 124 124
4 24 Chi Grt West (d) .. 2 34 34 34 -4
184 184 Chi Grt West pf (d).. 2 164 164 164 -4
34 2 Chi Mil St P&P (d)._ 10 3 24 3
74 44 Chi M St P&P pf (d). 8 64 64 64 + 4
«4 34 Chi & N W(d) ._ 4 64 64 54 + 4
33 23 Chi Pneumatic Tool.. » 274 27 4 274 -4
34 24 Chi R 1 & Pao (d) .. 1 34 34 34
84 64 Chi Rl&P 6% pf (d)_ 2 74 74 74 -4
104 64 Chi RI&P 7% t>f (d). 8 94 94 94 -4
154 124 Childs Co — 3 134 134 134 - 4
1354 1104 Chrysler Corp (bl 4) 43 127 1234 127 +34
214 184 City Ice & Fuel (2) .. 2 194 194 194 - 4
92 85 City Ice&F pf (64). 80. 894 894 894
104 9 City Stores _ 16 94 94 94 + 4
384 324 Clark Equip (tl.60)_. 1 334 334 334
414 35 Clev Graph Br (2)_ 2 40 394 394
984 78 Cluett Peabody (3)_ 1 92 92 92
1634 1224 Coca-Cola «+ 2) 9 160 169 1594 - 4
264 194 Colgate P-P <t50c>._ 85 25 244 25 +4
274 21 Colo & Southern _ 10. 25 26 25 —4
29 25 Colo & Southn 2d pf.. 10. 274 274 274 -4
204 164 ColumbG* E (a40c) 17 164 164 164 + 4
394 324 Columbia Pic (tl)_ 2 34 34 34
464 42 Colu Pic CV pf (2%).. 1 42 42 42
1244 1124 Col'bian Carb vtc(t4) 1 120 120 120
694 68 Cornel Credit (t4) ._. 6 694 69 69 —1
804 68 • Cornel Invest T (t4)_ 2 68 68 68-4
214 184 Cornel Solv (t60c)_ 9 19 184 184 -4
44 3 Comw & Southern_ 69 3 4 3 8
76?, 69 Comw & Sou pf (S)_ 1 61 61 61+4
194 134 Conde Nast Publish.. 1 164 154 154 + 4
45 4 364 Congoleum-Nairn (2 ) 8 43 424 424 — 4
184 134 Consol Cigar ... 2 144 134 144 + 4
87 80 Consol Cigar pf (7).. 10. 834 834 834 -24
494 40 Consol Edis N Y (+2) 26 414 404 404 - 4
108 1054 Consol Ed N Y pf (6). 6 1064 1064 1054 - 4
184 154 Consol Film pf <a2)_. 1 164 164 164 - 4
174 154 Consol 011 (80c)_ 67 164 164 164 - 4
14 4 Consol Textile (d)_ 18 14 1 14 + 4
114 84 Cons Coal (Del) Ttc- 41 124 114 12 +4
46 4 33 Cons C (Del) pf vto._ 1770. 60 46 4 484 +34
32 4 204 Container Corp( 1.20) 37 304 30 304 + 4
374 274 Conti Baking (A)_ 6 314 81 314 + 4
64 3 Conti Baking (B)_ 11 44 4 4 -4
694 694 Cont’ICan (3) 5 604 604 604 + 4
264 204 Conti Diamond F (2). 6 214 214 214 + 4
424 394 Conti Insur (tl.SO)_ 8 404 404 404
34 24 Conti Motors _ 12 34 8 34
454 404 Conti Oil of Del (tl). 10 414 414 414 + 4
854 264 Cont’l Steel (b50c)._. 1 31 31 31—4
77 634 Corn Ex Bk & Tr (3). 10. 70 70 70 -4
714 664 Corn Prod Ref (t3)_ 5 684 674 684 + 4
104 6 Coty Ine _ 69 10 94 94 4. 4
664 46 Crane Co _ 6 64 68 64 +4
37 34 Cream of Wheat (2)_ 4 34k 34 34 — k
28k 21k Crosley Hadio talk) 2 24k 24k 24k - k
100k 7414 Crown Ck & Seal (2) 1 81k 81k 81k - k
122 109 Crown WPlst b2.91% 820. 121 120 121 +2k
24k 17 Crown Zellerback TtO 86 21k 20k 21k +lk
81*4 61 Crucible Steel _ 2 76 76 76
14k 10 Cuban-Am Sugar_ 6 Ilk Ilk Ilk - k
43 39k Cudahy Pkg (2%)_ 1 41k 41k 41k + k
20k 17k Curtis Publishing_ 2 18k l«k 18k - k
109k 101k Curtis Pub pf (7)_ 1 102 102 102 +k
8«k 6k Curtiss Wright_ 76 7k 7k 7k + k
23k 19k Curtiss W (A)<a60c) 20 21k 21k 21k
24 20k Da vega St cv pf <1 k ) 1 20k 20k 20k
109 103k Dayton P&L pf (4%) 40. 104 104 104
135k 104k Deere & Co _ 6 127 123k 123k -4k
31k 29k Deere & Co pf (1.40) _ 2 80k 30k 30k
29 24k Delsel-Wem-G (+1)_ 1 24k 24k 24k - H
68k 42k Delaware & Hudson-. 6 66k 64k 66k + k
Prev. 1937 Stock and Sales— Net
High. Low. Dividend Rate. Add 00. High. Low. Close, ehge.
2414 1714 Dela Lack & West __ 46 22H 22 2214 — 14
3614 8014 Diam’d Match <b50c) 1 8054 8014 3014 — 14
29 24H Distil Corp Seag Ltd. 8 2714 2714 27(4 — 14
4614 37(4 Doehler Die Cast (2). 2 39 39 89
61 46 Dome Mines 4 + 2)_ 9 47 4614 4614 — 14
77)4 62(4 Douglass Aircraft__ 11 63 6114.62 —1
8(4 6(4 Dunhill Internatl_ 4 6(4 6(4 6(4 — 14
1714 16'4 Duplan Silk (1)_ 1 1614 15*4 1554 — 14
18014 16414 Du Pont do N <b7Ec)_ 13 16414 16854 16354 - 54
17 11H Eastern Roll Mills_ 6 1514 15 15—54
176(4 169 Eastman Kodak (6)_. 4 160)4 169 159
37)4 3254 Eaton Mfg(t2) _ 3 83 32)4 3214 E
16 1114 Eitington-Schild ... 19 1654 1514 1514
29 2414 El Paso Nat G (1.60). 2 26 2414 2414
45)4 88*4 Eleo Auto Lite (+2.40 14 4014 39)4 39)4 — 14
16 12 Elec Boat <a60c) _ 7 13)4 1314 1814
714 614 Elec&Mus Ind (al8c) 1 6I4 654 654 — 14
2654 2154 Eleo Power & Light.. *4 2514 2414 2454 + 14
9214 79 Elec Pw & Lt *7 pf .. 2 8H4 81 8114 + 14
4414 4014 Elec Storage Bat (2). 2 41H 4154 4154 - 14
2 1)4 Elk Horn Coal (d) 1 154 154 154
8 6I4 Elk Horn Coal pf (d). 3 6I4 6 614 + 54
11514110 Endicott-John pf (5) 10a 10854 10854 108*4 -Hi
1754 1154 Eng Public Service .. 8 12 1154 1154 — 54
81 70 Eng P S $0 % pf b4 !4 _ 1 70 70 70
2354 1354 ErieRR. _ 22 22*4 22 2214 - 14
3554 2614 Erie R R 1st pf_ 8 32!* 3114 3214
34)4 2814 Evans Product (tl).. 1 31 31 31
654 6 Exchange Buffet_ 12 654 614 614 - 54
654 314 Fairbanks Co _ 60s 4)4 4)4 4'4 + )4
28 2114 Fairbanks Co pf._ 60s 2354 2314 2314 - 54
7154 66 Fairb’ks-Morse (tl). 4 6t>14 66 66 —2
70 63)4 Fajardo Sug Co (bl). 2 68*4 6814 6814 - 54
29*4 2254 Federal Lt & Trac .. 1 2254 2254 225» - 14
1154 814 Federal Mot Tr (40c) 3 954 9)4 954 + 54
1154 6I4 Fed Screw Works ... 1 914 9)t 9)4 + 54
6 4 54 Fed Water Svc (A) _ 15 5 5
45*4 42)4 Fidel Phoe F In tl.60 2 4254 4254 4254 - 54
4154 32*4 Firestone T&R (2) .. 4 38)4 88)4 38)4 - 54
62)4 4 854 First Natl Strs(t2%) 1 4914 4914 4914 - 14
4614 41 Flintkote Co (1) .. 1 4114 4114 4114 + 54
954 6*4 Follansbee Bros (d)_. 1 814 8)4 8I4 — 54
6454 4714 Food Machine (1)_ 1 64 64 64 +2
64)4 43 Foster-Wheeler._ 4 46)4 46 46 + 14
135 120 Foster-Wheeler pf_ 10a 120 120 120 —3
1854 1254 Francisco Sugar _ 1 1414 1414 1414 —1
32)4 26*4 Freeport Sul Co (1).. 18 27*4 27)4 2714 - *4
7)4 4*4 Gabriel Co (A)_ 1 654 654 6 54 + 54
33 26 Gamewell Co ... 110» 2914 29 29 - 14
1»4 164 Gar Wood Ind (a56c) 7 17 16*4 164 - 4
154 124 Gen Am Inv (a76c) 4 144 14 144 — 4
864 704 Gen Am Trans’t (a3)_ 1 73 73 73 — 4
194 154 Gen Baking (t60c)_ 29 164 154 154 -4
14 104 Gen Bronze_ 2 114 114 114 — 4
324 254 Gen Cable _ 2 294 29*/* 294 - 4
66 54 Gen Cable (A)_ 1 60 60 60 —1
524 464 Gen Cigar < + 4) 4 47 464 464 — 4
644 52** Gen Electric (b40c)— 70 564 654 56 -4
444 394 Gen Foods (2) ... 14 414 414 414
34 24 Gen Gas & Elec (A).. 6 24 24 24
664 604 Gen Mills (3) 2 614 61 61 - 4
704 604 Gen Motors (b25c)._. 106 624 624 624 + 4
164 124 Gen Outdoors Adv __ 1 134 134 134 — 4
80 69 Gen Trint Ink (b60c). 1 92 92 92
64 44 Gen Pub Service _ 2 44 44 44
654 63 Gen By Signal (1)_ 4 65 64 4 64 4 - 4
64 44 Gen Realty & Util_ 8 44 4*4 44
484 404 Gen Realty & U pf_ 1 404 404 404 — 4
704 624 Gen Refractor (a3 4) 3 634 634 634 + 4
88 734 Gen Steel Casting pf. 10« 764 764 764 +14
334 28 Gen Thea Eq (b25c).. 6 304 304 304 +14
204 154 Gillette Saf Raz (tl). 13 18 174 18
194 204 Gimbel Bros _ 3 264 26V* 264 - 4
614 434 Glidden Co (2) 5 454 454 454-’*
684 644 Glidden cv pf (2 *4 )_ 1 55 65 55 -4
64 54 Gobel (Adolf) __ $ 6 54 6
84 64 Goebel Brew (t20c)— 5 74 7 74 +4
604 31 Goodrich (B F)(al)_. 31 464 464 464 - 4
874 794 Goodrich (B F)pf(5). 1 854 85 4 864 -4
474 274 Goody'r T & R (bDOc) 47 434 42 4 434 + 4
141 100 Goody'r T&R cu pf (5) 4 128 128 128 -2
134 11 Gotham Silk Hose... 1 114 114 114
96 92 Goth Silk H pf (7)... 20s 944 94 4 944 + 4
44 3 Graham-Paige _ 19 34 3** 34 + 4
15 64 Granby Cons (new)_. 4 104 104 104
64 34 Grand Union ctfs _ 2 44 44 44 — 4
48 4 4n Granite Cltv Stl (1).. 3 404 40 40-4
47*4 42 Grant (W T)(T1.40) .. 1 43 4 43 4 43 4 -4
554 404 Grt Northern pf ... 7 624 614 514 — 4
28 4 19 Grt North'n Ore (1).. 5 254 26 25 - 4
424 85 Grt West Sug (t2.40) 2 86 35** 3S4 -4
394 34 Green (H LHtl.60). 3 35*4 354 S5»* + 4
164 14*4 Greyhound (t80c) .. 9 154 154 154 - 4
4** 3 Guantanamo Sugar _ 5 34 34 34 — 4
69 40 Guantanamo Sug pf. 10* 51 51 51
694 614 Gulf Mobile & N pf.. 1 55 55 55
108 654 Guif States Steel .. 7 100 98 4 100 + 24
204 134 Hall (W F) Printing 6 17** 17 17 -4
31 27 Hamilton Watch h25e 1 27** 274 274 + 4
684 604 Harb-Walker (t2)_ 1 534 634 534 -4
8 54 Haves Bodv ... 2 64 64 64 - 4
109*4 101 Hazel Atlas G1 ( + 5)_ 1 105*4 105*4 105*4 - 4
154 134 Hecker Prod (60c)_ 1 14 14 14
126 112 Helme (G H)(t5)_ 11114 1114 1114-64
39*4 82*4 Hercules Motor (tl). 1 38 33** 33** - 4
1354 129*4 Hercules Pdr pf (6) 30s 131 130 130 -3
111 1024 Hershev Choc pf *14) 2 104*4 104** 1044 +14
1204 1064 Holland Fur pf (5) 20s 1074 1074 1074 - 4
30*4 21 Hollander & Son (1). 6 294 294 294 + 4
434 814 Holly Sugar (t2)_ 2 344 344 344 -4
415 355 Homestake (tl2) 50s 393 390 390 -8
41 87 Houd-Hersh (A) (2 4) 2 374 37 4 374
274 22*4 Houd-Her (BH + 14). 4 234 224 224 - 4
73 62 Household Fin (4)... 3 61 61 61 -1
174 124 Houston Oil vtc_ IS 144 144 144 - 4
904 624 Howe Sound «+ 3>_ 12 834 83 83 - 4
54 4 Hudson & Manhat__ 1 4*4 44 4*4 — 4
23*4 184 Hudson Motor Car_ 6 2074 204 204
2*4 2 Hupp Motors _ 11 24 2 2-4
38 22 4 Illinois Central _ 32 36 35 354 + 74
224 12*4 Indian Refining (al). 4 174 17 17 -*4
404 3674 Indus Rayon (2) 7 39 38 4 384 - 4
144 1304 Ingersoll Rand (t2)_. 1 135 136 135 -1
13174 1124 Inland Steel <4> 3 117*4 1174 H74 -24
334 224 Inspiration Copper 6 2874 28 4 284 — 4
13*4 10>4 Interb Rap Tr vtc (d) 3 107* 104 107* + 4
114 474 Intercontl Rubber_ 14 107* 974 1074 + 4
284 16*4 Interlake iron _ 47 254 244 24**
874 5 inti Agricultural _ 7 74 774 774 — 4
189 170 Inti Bus Mach ( + 6)._ 1 169 169 169 -1
1114 1024 Inti Harvester (24). 12 104 10874 104 + 4
164 874 Inti Hvdro Elec (A). 24 134 13 134 + 4
1374 64 Inti Mercantile Mari- 10 1174 1 074 1 174 + 74
18*4 15*4 Inti Mining (a90c)._. 4 154 154 154 - 4
734 624 Inti Nickel (b50c) 42 6974 68*4 68** -4
214 164 Inti Paper & Pw (A). 68 1974 18*4 194 +1*4
144 104 Inti Paper & Pw (B). 74 144 1374 144+174
74 5*4 Inti Paper & Pw (C). 130 74 7 774 + 4
10974 904 Inti Paper * Pw pr 63 1074 1C6 106 +2
524 41 Inti Print Ink (t2)_ 1 50'4 604 504 + 74
494 464 Inti Shoe 4 +2)_ 1 46*4 46*» 46** + 74
52 31*4 Inti Silver _ 1 47*4 47*4 47*4 -1
110 90 Inti Silver pf (a4).__ 10» 1024 1024 1024
154 1174 Inti Tel & Tel .. 45 134 134 134 - 4
364 294 Interstat Dpt St b2*4. 1 334 334 334 - 4
155 134 Johns-Manvllle (t3)_ 6 144 4 142 142 -14
136 123 Jones&L 7% pf blA*. 90s 130 127 130 +274
29 20 Kans City Southern.. 11 27 27 27
234 1874 Kelsev-H (AMal4)- 3 19 184 1» -74
194 164 Kelsev-H (B)(al74). 2 164 164 164 - 74
694 6674 Kennecott Cop(b50c) 27 63 62 4 63 +4
204 174 KeystoneS&W(bl5c) 1 184 1874 184 - 4
46 394 Kimberly Clark (1) . 1 404 404 404 + 7*
70 4774 Klnnev (GRI pf(al) 10s 64 64 64 +4
2974 25*4 Kresge(SS)Co(b30c) 6 254 25*4 2574 + 4
474 414 Kress (S H)(l.60) . 2 414 40*4 40*4 -1*4
244 22 Kroger Groc (+ 1.60)_. 2 2274 22 4 22*4
274 21 Laclede Gas (St L) - 10s 22 22 22
414 32 Laclede Gas St L pf„ 10s 33 33 33 +4
24 184 Lambert Co (2) .. 3 214 214 2174 - 4
274 17 Lee Rub & Tire (50c) 2 26 25*4 25*4 - 4
61 4 3874 Leh Port Cmt (174 )_ 2 464 46 4 464
874 24 Lehigh Valley Coal— 2 24 24 24
24*4 174 Lehigh Valley R R_ 11 23 22*4 2274 -4
21*4 18 Lehn & Fink (al4)_ 3 19 19 19 +74
6874 <9 Lerner Stores 4 + 2) ... 4 60*4 604 504 - 4
79 674 Libbey-0-F-Gl(b75c) 1 68*4 68*4 68** - 4
154 9*4 Libby McN & L (al). 4 137* 13*4 1374 -4
284 254 Life Saver (tl.60) _ 1 26 4 264 2674 + 4
114 1004 Ligg & Myers B (t4). 5 1014 1014 1014
23 214 Lily Tulip Cupftl4) 1 224 224 224 - X
834 69 Lima Locomotive ... 4 73 72 72 —17*
534 434 Liquid Carb (2.60)_ 1 52 52 62 + 4
814 644 Loew’s Inc (+2)_ 6 774 774 7774 + 4
34 24 Loft Inc — 47 34 34 34 -4
764 66 Lone Star Cmt b75o— 3 72 714 72
104 64 Long Bell Lum (A) — 6 9 9 9 +4
434 384 Loose-Wiles (2) 1 384 384 384 + 4
1094 107 Loose-Wiles pf (6)_ 20s 107 107 107
284 224 Lorillard (P)(tl.20)_ 4 24 23 4 234
414 294 Ludlum Steel (tl)_ 11 374 37 37 4 - 4
36 304 McCall Corp (t2)_ 3 314 31 31 -4
244 184 McCrory Stores_ 4 194 194 194 + 4
544 404 McGraw Elec (t2)... 1 61 51 51 -1
284 234 McGraw-Hill b27%c. 1 24 24 24-4
414 404 McKeesport TP (t4). 1 414 414 414 + 4
164 124 McKesson & Rob _ 30 154 154 154
19 164 McLellan St (b75c)__ 1 164 164 164 + 4
624 424 Mack Trucks (tl)_ 3 564 564 564 + 4
684 504 Macy (R H) (12)_ 1 54 54 64
63 53 Magma Copper (2)_ 1 60 60 60 +14
164 12 Man El md gtd <d)1 124 124 124
39 294 Manhat Elev gtd (d). 10s 294 294 204-4
294 284 Manhat Shirt (1) — 1 244 244 »44 - 4
64 44 Maracaibo Oil Exp_ 4 6 5 5
144 104 Marine Midl’d (t40c). 5 124 124 124
304 184 Marshall Field & Co- 16 274 274 274 + 4
134 9 Martin-Parry Corp— 2 114 114 114 — 4
74 60 Masonite Corp (tl)— 3 674 674 674 +14
414 874 Mathieson Aik (14). 4 374 374 374-4
154 13 Maytag Co (a50c)_ 4 13 13 13-4
44 424 Maytag pf ww (3)_ 1 424 424 424 -4
334 254 Mead Corp 6 29 4 29 294 +14
864 77 Melville Shoe (t5)_ 1 794 794 794 -4
164 114 Mengel Co .— 3 134 134 134
474 434 Mengel 5% pf (2%)_. 90s 434 434 434
724 69 Mesta Machine(bl%) 3 68 68 68-4
264 164 Miami Copper . .. 3 224 82 224 - 4
364 294 Mid-Cont Pet (al.lS). 2 324 32 324 + 4
124 114 Minn-Hon R pf B (4). 10s 115 115 115 +1
164 11 Minn Moline Power.. 21 144 14 144 -4
38 264 Mission Corp (a45c)_ 4 29 29 29
94 64 Mo Kans & Texas .. 7 94 9 9 -4
344 244 Mo Kans & Tex pf A_. 11 334 314 314 -4
64 3 Missouri Pacific (d)_ 6 54 54 64
124 7 Mo Pacific pf (d) ... 4 114 104 104 -4
404 804 Mohawk Corp (1.20)_. 1 37 37 37+4
101 904 Monsanto Chem (tl). 1 904 904 904 -4
69 634 Montgom Ward (t2). 62 624 61 614 -1
84 14 Mother Lode(al24c) 224 2 2 2
884 824 Motor Products (t2). 4 324 324 824 + 4
Prev. 1037 Stock and Sales— Nat
High. Low. Dividend Rate. Add 00. High. Low. Close, chge.
26 214 Motor Wheel (1.60) .. 3 224 224 224 -4
394 31 Mullins Mfg B(a50c). 47 394 384 884 -4
994 914 Mullins Mfg pf (7)._. 60. 97 97 97 -24
90 70 Murphy G C (2.60).8 864 854 864 -24
204 17 Murray Corp (a50c)_. 10 174 174 174 — 4
244 174 Nash Kelvinator (1). 17 22 4 22 22-4
474 88 Nashv Chat & St L-_. 60s 424 424 424 - 4
24 184 Natl Acme (a75c)_ 4 214 214 214+4
334 30 Natl Biscuit (1.60)... 15 304 30 304
834 28 Natl Bond & Inv 1.44. 1 284 284 284 -4
384 294 Nat Cash Beg (1) . 5 364 36 364 +4
264 234 Nat'l Dairy Prod 1.20 19 24 4 244 24 4 + 4
244 174 Natl Dept Stores_ 3 214 21 21 -4
104 74 Natl Dept Stores pf .. 260. 84 8 4 84
36 27 4 Natl Distil Prod (t2). 27 334 324 30 - 4
44 334 Natl Lead <t60c)_ 8 38 4 374 38 -4
144 114 Natl Pwr & Lt (60c). 6 12 114 114-4
94 4 70 Natl Steel (t24) 4 864 86 86 -4
12941214 Natl Supply pf(a3V4) 1 125 125 125 -1
124 10 Natl Tea (60c) _ 3 10 10 10
134 114 Natomas (t80c) ... 1 124 124 124
644 544 Newberry(JJ)(t2.40) 1 614 614 614 — 4
414 344 Newport Ind (b50c).. 13 37 4 364 374 +1
654 40 NY Central R R ... 165 524 614 624 + 4
72 41 N Y Chicago & St L_ 7 69 684 684 -4
100 83 N Y Chi & St L pf_ 6 954 944 944 “1
254 18 N Y Dock pf _ 100. 19 184 184 - 4
94 54 NY NH & H (d)__ 7 84 84 84
264 164 NY NH & H pf (d)_ 6 234 224 224 -1
314 304 N Y Omnibus _ 6 314 304 304 - 4
NY Omnibus w.s 2 214 204 204 — 4
64 5 NY Ontario & West.. 9 64 54 64
154 12 NY Shipbuilding _ 2 124 124 124
110 1074 N Y Steam 1st < 7)_ 10. 109 109 109
14 2 Norfolk Southern(d). 8 34 34 34 — 4
114 109 Norfolk & Wn pf (4) 10» 1094 1094 1094 + 4
174 134 North Am Aviation _ 15 15 144 144
344 274 North Am Co (b30c). 32 284 284 284 + 4
864 274 Northern Pacific ... 46 33 4 324 334 + 4
64 34 Norwalk Tire & Rub. 5 6 54 54 — 4
22H 17)4 Ohio Oil (a60c) 31 20)4 20)4 2054 - y,
66*4 53)4 Oliver Farm Equip_ 1 60 60 60 — 54
26)4 18*4 Omnibus Corp vtc_ 3 21)4 2154 21)4 + )4
45*4 35)4 Otis Elevator (60c)._ 6 37)4 36)4 36)4 — 54
2454 1 654 Otis Steel .. 25 2154 21 21)4
97 75 Otis Steel cv pf (5*4) 2 90 89)4 89)4 — )4
200 150 Owens-Ill Glass (6) 3 189 189 189 +1
23 19*4 Pacific Am Fish f! .20 14 2054 19)4 19)4 — 54
40 25)4 Pacific Coast 1st nf_30s 37)4 36)4 37)4 -1
38 31)4 Pac Gas & Elec (2)_ 11 32), 32*4 32)4 - 54
53*4 54)4 Pac Lighting <3) ._ 7 45)4 44)4 44)4 + 54
44)4 36 Pacific Mills (b50c) . 1 36*4 3614 3614 -R*
162 145 Pacific Tel&Tdeg (8) 10s 145 145 145
29 22)4 Pac West O (a65c) 3 26)4 26)4 26)4 - )4
1254 10)4 Packard MotortblSc) 63 1054 10)4 10*4 + )4
4)4 2*4 Panhandle Pro & R _ 5 3)4 354 354 — 54
88)4 60 Tanhandle P & R pf.. 30s 73 72)4 72)4 -2*8
90 76 Paraffine Co (bl) _ 2 85)4 85)4 85)4 — 54
28*4 23)4 Paramount Pictures. 4 0 24*4 2354 24)4 + )4
26)4 2154 Paramount 2d pf 60c. 7 215j 2154 2154 — )4
8)4 4)4 Park Utah S3 6 5;4 6
29)4 24)4 Parker Rust P (tl%) 1 Z6'4 26*4 26)4 + 54
7*4 6 Parmelee Transport. 1 6)4 6)4 6)4 -t- )4
10)4 8)4 Pathe Film Corp _. 2 8)4 854 8)4
23)4 14*4 Patino Mines (t60c) _ 35 19*, 19 19*4 — *4
754 3*4 Peerless Corporation. 19 6 6*4 6 + M
103*4 97 Penney (J C)<4) ... 1 101*4 101', 101*4
12)4 754 Penn Dixie Cement_ 5 1054 10)4 10)4
76)4 64 I’enn Dixie C pf (A)_. 2 71)4 71)4 71)4 - *4
50)4 39*4 Penn Railroad <a2>._ 26 47)4 47)4 47)4 — X
65)4 48)4 Peoples Gas Chicago. 4 665a 56 66—54
48*4 34 Pere Marquette .. 3 46 46 46
2154 17)4 Petr Corp Am (a90c). 1 19*4 1954 19*4 — )4
13*4 U Pfeiffer Brew (1.20).. 7 11)4 11 11)4
69)4 62 Phelps Dodge (b35c) 4 54)4 54*4 54*4 — >4
7)4 654 Phila Rap Tr (d) 140s 6), 6)4 6*4 -1- 54
14 11 Phila Rap Tr pf (d).. 60s 11)4 11*4 1154 + 5*
3*4 154 Phila & Read C & I .. 8 1)8 1)4 l),
84*4 72 Philip Morris! b3 \).. 3 72 72 72
68H 49)4 Phillips Petrol (2)... 11 55 54*4 55
9*4 7 Phoenix Hosiery 1 6*4 6)4 6)4 — 54
74)4 58 Phoenix Hos pf (3 54) 20s 59)4 59 69 +1
2054 1654 Pierce Oil pf .. 5 19)4 18)4 18)4
18', 15 Pittsburgh Coal _ 1 16 16 16
20 13*4 Pitts Screw&B bl5c . 7 1854 18 18)4 - H
8*4 3*4 Pitts United Corp .. 2 6)4 6)4 6)4 — '4 !
47)4 31)4 Pittsburgh & W 10s 42 42 42 -1
3 254 Pittston Co 1 2)4 2)4 2)4
27?» 244 Plymouth Oil (t 1)... 12 25 24*4 25
33H 26*4 Poor & Co (B) ... 6 284 284 284
114 8 PortoR Am Tob (A).. 3 84 8 8
34 24 Porto Rico Am T (B). 2 24 24 24
154 104 Postal Tel & C pf (d) 1 12 12 12 - 4 j
314 254 Pressed Steel Car 17 274 26** 26** - 4 i
31 254 Press Stl 1st pf(25c). 1 264 264 264 - 4 !
86 67 Press Stl 2d pf '24). 5 74 74 74
654 654 Proctor & Gamb (t2) 15 584 57** 574 - 4!
1184117 Proc & Gamb pf (5).. 10s 117 117 117
62*.* 43 Pub Svc N J (2.60)... 2 444 44>* 444
1284119 Pub SvcNJpf (6)... 1 1204 1204 1204
724 64*1 Pullman inc (14)_ 15 64 4 64 64
244 194 Pure Oil _ 36 204 204 204
1124 108 PureOil8%pf __ 130s 1104 1104 1104
234 184 Purity Bakeries(60c) 8 204 20 204 ~ 4
184 17 Quaker State R (80c) 1 164 164 16’, — 4]
124 104 Radio Corp 64 114 114 114
80 764 Radio Corp pf A(3 4 ) 3 77** 774 77’* + 4 I
9*j 74 Radio-Keith Or (d)22 8;* 81* 84
254 144 R R Sec 111 Central . 370s 244 234 244 + 4
374 32 Raybestos M (tl4)_ 1 314 314 314 -4
134 94 Real Silk Hosiery_ 1 10 10 10
294 214 Rem-Rand (t60c>_ 23 254 254 254 + H
944 804 Rem-R pf ww (44).. 1 86 86 86
94 5 Reo Motor Car _ 23 8*4 84 84
474 274 Republic Steel 135 434 424 434
1204 109 Republic Stl pf (bl 4) 1 115** 115** 115**
1104 99 Rep Stl pr pf A (6)... 1 108 108 108
474 334 Revere Copper _ 4 43 4 434 434
67 62 Reynolds Tob (3) ... 1 62 62 62
58 50*4 Reynolds Tob B (3).. 19 514 61 5U*
140 117 RuberoidCo (1.80)_ 2 139 139 139 -1
103 974 Safeway Strs pf (5).. 60s 102 102 102 — 4
113 110 Safeway Strs pf (7).. 10s 1104 1104 1104 + 4
65 4351 St Joseph Ld (b50c). 10 68 57s, 58 - >-,
454 3 St L-San Fran (d) - 4 44 44 44 - 4
114 64 St L-San Fran pf (d). 2 9*s 94 95* — 4
374 284 St L Southw pf (d)-- 10s 37 4 37 4 374
274 144 Savage Arms (al)_ 7 26 4 25 4 254 — H
514 424 Schenley Dist(b75c)_ 7 504 50 504
34 2 Schulte R Strs (d i_ 14 3 24 3 + 4
234 17 Schulte R S pf (d)_ 3 224 224 224
454 38 Scott Paper <1) 60s 42s, 425-* 42*4 +14
4 4 Scott Tap rts. Mar 31.1910s 4 4V
24 14 Seaboard Air L (d)_ 17 14 14 14 + 4
34 6 Seaboard A L pf (d)_. 3 74 7 7 — 4
484 404 Seaboard 011 (1)_ 7 474 47 474 + »;
954 81 Sears Roebuck (3)_ 16 90*, 894 90 —14
34 28 Servel Inc (tl) _ 16 294 294 294 — 4
14 104 Sharpe & Dohme_ 4 114 114 11H + 4
174 154 Shattuck(F G)(60c)_ 1 164 164 164
34’, 265* Shell Un Oil (a25c) ._ 3 31»* 314 314-4
1054 1024 Shell Un Oil pf (54)- 1 102 102 102 -4
174 124 Silver King Coal b25o 15 164 16 164 + *4
58 444 Simmons Co (a3)_ 9 554 64 4 544 — 34
52*4 42 Skelly Oil 6 49', 494 494 - 4
197 854 Sloss-Sheffield Stl_ 60s 1804 176 178 -4
404 274 Smith&Corona cfs(l) 1 334 334 334
Prev. 19:17 Stock and Bales— Net
High. Low Dividend Rate. Add 00. High. Low. Close, chge.
194 164 Socony-V Oil (b25c)- 95 184 184 184 + 4
1134H0 Holvay Am pf (54)— 11114 1114 1114+14
64 44 So Am G & P (a30c)_. 14 54 5 5
42 4 34 South Port Sub <t2)_ 6 36 4 354 36 -4
32 4 27 SoCal Edison Itl4). 1 274 274 274 + 4
654 424 Southern Pacific_ 37 624 614 62 — 4
434 24 Southern Railway_ 27 414 404 404 + 4
604 474 Southern Ry pf- 3 574 664 564 - 4
114 9 Spalding (AG)_ 1 11 11 11
94 74 Sparks-Withington— 10 74 74 74-4
86 314 Spencer Kell (1.6j)_. 1 324 324 324
234 204 Sperry Corp vtc (al). « 21 204 21 + 4
284 224 Spiegel Inc (b25c)_ 11 244 234 244 + 4
484 414 Square D (B) b25c. 1 454 454 454 + 4
164 15 Stand Brands (t80c). 24 164 15 164 + 4
144 84 Stand Gas & El (d)_ 5 124 12 12 - 4
324 254 Stand G&E *4 pf (d). 6 29 284 284 +4
724 60 Stand G&E J7 pf (d). 1 654 664 654 - 4
60 434 Stand Oil of Cal (tl). 18 464 454 454 - 4
50 46 Stand Oil of Ind (tl). 16 464 464 46 4
76 674 Stand Oil of NJ (tl). 15 714 704 704 - 4
75 65 Sterling Prod (t3.80) 1 674 67 4 674 +14
21 174 Stew'art-Warner t50c 5 19 184 184 — 4
334 284 Stone & Web (a25c)_. 17 284 28 28
20 134 Studebaker Corp_ 49 174 174 174 + 4
74 44 Superior Oil _ 19 64 64 64
474 37 Superior Steel_ 6 424 414 414 — 4
394 324 Sutherland Pap tl.60. 1 364 364 364
284 254 Swift & Co (tl.20) _ 4 274 274 274 -4
234 184 Sym’gton-G ww blOc. 11 22 214 214 + 4
174 144 Sym’Eton-G xw blOc- 3 154 164 154 + 4
15% 13% Talcott (James) b30c 1 13% 13% 13% - %
67% 64% Talcott (J) pf (t2%). 40» 65 55 65 + %
15% 11% Tennessee Corp al5c- 8 13% 13% 13%
60 60% Texas Corp (2) 67 58% 57% 67% +1%
9% 7% Texas Gulf Pr (*5c)_ 12 9 8% 9 + %
43 38% Texas Gulf Sul < t2>_ 8 39% 39% 39%
54% 43% Texas & Pac K R 2 48% 48% 48% +1%
16% 13% Tex Pac C&O <bl0c)_ 2 15 15 15 - %
15% 11% Texas P LT (ml0c)„ 14 12% 12% 12%
48 37% Thatcher Mf* <tl)_ 2 45% 45 45%
13% 10% Therinoid Co __ 2 10% 10% 10% + %
28% 23% Thompson Prod b40C- 3 23% 23% 23% + %
10% 6% Thompson Starrett_ 14 7% 7% 7% — %
40% 31 Thompson Star pf __ 2 31 30% 31 - %
21% 19% Tide Wat AsOil(60c) 16 20% 20 20 + %
108 105% Tide Wat As O pf (6) 1 106% 106% 106%
28% 22 Timken Detroit (tl). 18 25% 24% 25 + %
79 66% Timken Roller B (3). 1 67 67 67
17% 16 Transamerica <T40c) 16 16% 16 16% + %
22% 18% Trans&West Air a25o 4 20 19*4 19%
27% 19% Transue & W <t60c)_ 1 21% 21% 21%
11% 9 Tri-Conti (a5Uc) 12 10% 10 10 - %
40% 33% 20th Cent Fox b50c)_. 4 38% 37% 37% - %
17% 13% Twin City RT .. 2 13% 13% 13% - %
94 80% TwinCKTof (all). 60« 82% 82 82 +1%
65* 45* Ulen&Co ... 11 44 4H 44
1004 87 Und-Ell-Fisher (3)... l 874 874 874 +4
8/ 63 Union Bag & Hap (2). 4 834 83 834-15*
111 1014 Union Carb&C 13.20). 13 105 1044 1044 -14
284 245* Union Oil Calif (1)... 7 265* 255* 254
148'* 1264 Union Pacific (6)_ 2 146 146 146 + **
995* 944 Union Pacific pf (4) . l 944 944 945* — 5*
314 265* Union Tank Car 1.60. 2 28?,* 28?* 28s, -f. 5*
355* 27>* United Aircraft a50c. 19 325* 315* 81!-* — H
245* 204 United Air L (a20c>.. 9 22 214 214 -4
35 294 Unit-Carr Fast < 12>_ 1 35 35 35
84 64 United Corp (a20c)._ 86 64 64 65* + 4
464 415* United Corp pf (31... 2 42'* 41*4 415*-!*
16 144 United Orug <a75c)._ 16 155* 15 154
255* 185* United Dyewood (1). 2 244 24 24 -4
94 75* United Elec Coal _ 6 84 84 84
86 4 804 United Fruit (53) ... 9 864 85** 85**
17 145* United Gas Imp (1)_ 24 144 145* 144
I64 64 United Paperboard... 7 145* 144 144 + 4
344 26 U S Freight (Tl) ... 1 264 264 264 - 4
172 162 U S Gypsum pf (7)_ 60b 166 165'* 166
22*4 17 U S Hoffman _ 10 225* 22 4 224 + 5*
43?* 374 U S Indus Alcohol_ 8 404 404 405* + 5,
154 65* U S Leather vtc ... 7 124 124 125* — 5*
224 135* US Leather (A) vtc.. 7 204 194 194 —1
72'* 604 US Pipe&Fdrv (3).. 3 67 67 67 +4
195* 15 U S Realty & Imp_ 14 144 14‘* 14'* — 5*
705* 44 * U S Rubber 34 675* 664 671* + 4
11* 924 U S Rubber 1st pf_ 3 106!* 106 106 + 5j
105 835* U S Smelting (b2)_ 3 975* 96‘* 965* 4
1264 75 U S Steel 114 1175* 1154 117 + ?*
150 139'* U S Steel pf (7) 9 1455* 144 144 -14
9'* 75* Unit Stock Yds al 2 4c 1 75* 75* 71*
85b 6'* United Stores (A) 1 64 64 64 + 4
44 35* Util Pw & Lt (A ) (d). 1 34 34 35* t (,
2‘s 15* Vadsco Sales Corp .. 4 2'* 2 2 — 5*
395* 28:* Vanadium Corp .. 12 35‘* 344 354 — 4
44?, 395* Van Raalte (b625ic). 1 414 414 414 + 5*
464 424 Vick Chemical <t2)_ 1 44 44 44 — 4
105* 75* Va-Car Chemical . 28 105* 95* 104 + 4
63 4 545* Va-Car Chem 6% pf. 5 62 615* 614 + 4
115 108 Va El & Pwr pf (6) . 10s 109 109 109 +1
12'* 8** Va iron Coal & Coke 10s 9 9 9 —1
10* 3* Wabasn id) 8 8* 8* 854 + *
19* 16 Waldorf Sys 1*1.20). 2 16'* 16* 16*
33 3054 Walgreen Co (new).. 2 31* 31 31 — *
49* 45* Walker iH)(21 2 47* 47* 47* - *
19* 1954 Walker (H) pf (1)_ 4 195j 19* 19* — *
18* 11* WaluorthCo _ 21 17 It* 16* — *
60* 42 Ward Baking (A)_ 1 43* 43+ 43* — *
105* 6* Ward Baking (B) ... 3 8* 8* 8* ■+• *
18 14* Warner Bros Picture 21 14* 14* 14*
1* 1* Warner-yuinlan id). 2 l* l* i*
12* 6* Warren Bros (d) 88 10 9 10 +1
35* 24 War n Bros cv pf (d). 5 28* 2b* 28* +1*
46 35* Warren Fdv & p <tl) 1 41 41 41 — *
38* 325* Waukesha Motor (1). 1 33 33 33 — *
9s* 65* Webster Eisenlohr... 1 7* 7* 7* + *
2* 1* Wells Fargo Ids 1* 1* l*
66 46 Wesson O&S (t50c).. 2 62 52 52 — *
11* 8* Western Maryland_ 8 n io* ll
45* 2* Western Pacific _ 3 4* 4* 4*
11* 7* Western Pacific pf_ 10 1054 10* 10*
83* 71* Westn Un Tel (3) _. 5 75 74* 75 + *
57* 48* Westingh se A B (1). 4 61* 51* 51* - 8,
167* 142* Westineh'se El (bl)_. 16 143 1395* 140* -2*
65 38 Wheeling Steel . 2 5954 59* 5954 — *
110*103 Wheeling Stl pf (bl). 1 110* 110* 110*
33* 23* White Motor 11 31 308* 30* — *
18), 15* White Rk M S (1.40). 3 17* 17* 171* + *
fi* 5* White Sewing Mach.. 4 6 6* 5* + *
6* 4* Wilcox Oil & Gas_ 2 5* 5*4 6* + *
12* 8* Wilson & Co (50c)_ 14 11 10* 11 + *
65'+ 615* Woolwort.lt (2.40) _ 14 62* 52* 52* + *
47 34* Worthington Pump.. 8 39* 38 39 -1*
112 81 Worth Pump pf (A) 80« 109 109 109
62* 49* Yale & Towne (t60c) 1 64* 64* 54*
37* 20* Yellow Tr & Coach _. 42 325.* 32* 32* — *
142 128 Yell Tr & C pf bl% ... 40s 130 180 130 -4
46s) 42 Young Spr&W (13) _ 3 41* 41* 41* - *
101* 75* YgstnS&T <b75c)_ 13 92* 91* 92 +*
40* 33 Zenith Radio <b50c). 2 36* 35* 35* + *
9* 7* Zonite Products 2 75* 71* 7>t
Approximate Sales of Stocks on the N. Y. Stock Exchange.
11:00 A.M. 300,000 12:00 Noon , 710,000
Dividend rates as given In the above table are the annual
cash payments based on the latest auarterlv or half-yearly dec
larations
, , s,trading less than 100 shares tAnnual rate_
not inc.uding extras a Paid last rear. b Paid this year
x Ex^-FJendreDcrted tn recelTershlD or being reorganized
INCREASE IS REVEALED
IN GOLD CERTIFICATES
By the Associated Press.
NEW YORK. March 20— An in
crease of more than $115,000,000 in
holdings of gold certificates was re
corded in the weekly condition figures
of the Federal Reserve Bank of New
York.
Since the New York bank acts as
fiscal agent for the Treasury, there was
conjecture among observers as to
whether the jump indicated the Treas
ury had allowed gold imports to enter
banking reserves, instead of "steriliz
ing” metal acquisitions by paying for
them with borrowed funds in lieu of
issuing certificates to the reserve banks.
The New York bank's total holdings
of United States Government securi
ties were unchanged at $652,260,000.
Treasury deposits at the bank rose
nearly $52,000,000 with the inflow of
income taxes.
The detailed report follows:
Gold certificates on hand
and from United States
Treasury $3,478,730,000
Total "serves 3.550.8*4.000
Bills discounted:
Secured by United States
Government obliga
tions _ 1.572,000
Total bills discounted 2,254,000
Bills bought in open mar
ket _ 1.090.000
Industrial advances 5.811 000
Total United States Gov
ernment securities 652.260,000
Total bills and securities. 661.415.000
Uncollected items 196.151.000
Federal Reserves notes in
actual circulation 891.540.000
Deposits:
Member bank—reserve
account _ 3.020.904.000
Total deposits 3.231.724.000
Ratio of total reserves to deposit and
Federal Reserve note liabilities combined.
86.3 per cent.
NEW YORK PRODUCE.
.NEW YORK. March 20 (jp\.—Butter.
7.380; firmer: creamery, higher than extra.
3034a37Va; extra (92 score). 30V2: firsts
88-P ] scores). 34a3014: seconds (84-87
scores). 32,/2a331.^; centralised (PO score).
35Vaa353/4.
Cheese. 24.874: firm and unchanged.
Live poultry—By freight nominal; no
quotations. By express, sterdy. prices un
changed
Dressed poultry steady to firm: fresh
ducks, 10al8: frozen ducks. 18. Other
fresh and frozen prices unchanged.
Eggs. 33,050; barely steady; mixed col
ors. standards. 25a25V'2. Other mixed
prices unchanged.
--•
A judge in Louisville, Ky., recently
sentenced a man to a jail term for
driving a bicycle while under the in
fluence of liquor.
NORFOLK BUILDING
ASSOCIATION CLOSED
By the Associated Press.
RICHMOND, Va.. March 20.—The
Definite Contract Building and Loan
Association of Norfolk had been di
rected to close today by the State
Corporation Commission. The asso
ciation was instructed to file applica
tion for receivership under section 17
of the building and loan association
law.
Commissioner Thomas W. Ozlin
said several large shareholders had
changed their status to that of cred
itors. which threatened to jeopardize
the association’s assets.
NEW BUILDING OPENED
FOR TORONTO EXCHANGE
By the Associated Press.
TORONTO, Ontario, March 20.—
More than 600 persons prominent in
stock market and financial circles in
the United States and Canada today
attended the formal opening of the
new building which will house the
Toronto Stock Exchange.
Trading and regular operations are
expected to be started on March 30.
It will mark the first time the local
exchange will have its operations
under one roof since the Toronto Ex
change was consolidated, in 1934, with
the Standard Stock and Mining Ex
change.
Since consolidation the mining sec
tion has been housed several blocks
away from the securities division, in
the old building of the Toronto Stock
Exchange.
TRUSTEE FILES ANSWER
INM.-K. PIPE LINE CASE
By the Associated Press.
WILMINGTON, Del., March 20.—
Robert V. White, Nev York attorney
and one of three Claas B stock voting
trustees of the Missouri-Kansas Pipe
Line Co., yesterday filed answer in
Chancery Court to a bill seeking to
have the trustees enjoined from voting
the stock in the election of directors
and to have the trust voided. The
hearing was continued until March 31.
SHARP DROP REVEALED
IN TREASURY DEPOSITS
B* the Associated Press.
NEW YORK, March 20.—Treasury
deposits with Federal Reserve banks
dropped almost to the vanishing point
during the week ended March 17. The
latest total was 92 per cent under the
figure a year ago.
Financial circles pointed out there
was a heavy maturity of notes at the
midmonth and expressed the opinion
early income tax collections were in
sufficient to bridge the gap. This
would mean tax receipts to date were
less than had been officially expected.
Federal deposits with Reserve banks,
as reported by the weekly credit state
ment, compared as follows:
Week ended March 17.. $87,000,000
Previous week..__ 186.000.000
Same period last year.. 1.067,000,000
DOLLAR GOES HIGHER
IN LONDON DEALINGS
By the Associated Press
LONDON. March 20.—The United
States dollar gained Vb cent in the for
eign exchange market today, closing
at 4.88 Va to the pound, compared with
a similar overnight New York rate.
French francs improved to 106.40 to
the pound, compared with yesterday's
closing quotation of 106.45.
-•
75 TONS OF LEAD SOLD.
NEW YORK, March 20 UP).—'The
St. Joseph Lead Co. reports that 75
tons of pig lead from Southeast
Missouri mines were sold yesterday at
$6.85 per hundred pounds St. Louis.
BALTIMORE STOCKS
Special Dispatch to The Star.
BALTIMORE. March 20.—
Sales. STOCKS. High. Low. Close.
150 Arundel Corp 21 21 21
00 Balto Transit pf 5% 5** 55*
00 Consol Gas 79V* 79Vi 79Va
50 Consol Textile Cp 05 05 05
120 Houst Oil pf vtc 2o5/* 2o5* 2058
100 Mar Tex Oil Co OVa OVa Ola
70 Mt Ver W Mis pf 75 75 75
05 New Amster Cas 10V| 10*4 IOV4
lOOOwings Mills Dist I1/* 1V8 1V8
300 U 8 Fidel & Guar 2ti3,4 2U‘/a 28Va
BONDS.
9000 Bit Trns deb 46 A 34V4 88Vb 84
STOCKS ARE QUIET
IN NAM RANGE
Prices Make Little or No
Progress Except for Few
Steels, Rails.
Slock Averages
30 15 15 60
Indust. Rails Util. Sties
Net change. —.2 -i-,2 Unc. —1.
Today, close 96 4 47 6 48 0 72.0
Prev. day— 96.6 47 5 48 0 72.1
Month ago.. 99.5 43.2 51.0 73.2
Year ago... 82.4 35.6 47.3 61 9
1937 high...101.6 49.5 54.0 75.3
1937 low .. 94.1 37.8 48 0 69 1
1936 high— 99.3 43.5 53.7 72 8
1936 low... 73 4 30.2 43 4 55 7
1932 low... 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 by the Associates Press.)
RY VICTOR EUBANK.
Associated Press Financial Writer.
NEW YORK. March 20.—Stocks
shifted from one foot to the other in
today's market and, except for a few
steels, rails and specialties, made lit
tle or no progress.
In addition to nervousness over the
labor outlook, another break in United
States Government securities tended
to keep many traders in the safetv
zones.
Dealings were slow from the start
Transfers for the two-hour proceed
ings were around 600.000 shares.
Helpful to the steels were estimates
mill activities in the Pittsburgh district
next week will start at 93 per cent of
capacity, up 3 points at a new post
depression peak.
Bethlehem ran up more than 2
points at the best notwithstanding
j plans of the Lewis unions to start an
I organization drive in its plants. United
i States Steel, Crucible, and Republic,
while far from buoyant, were a oit
ahead most of the time
The automotive division was quiet
as Federal and State mediators strove
to bring about an armistice in the
Chrysler strike. "K" rallied at. the
close.
An early drop in mail order issues
reflected further thoughts regarding
a possible recession in profits for these
organizations in 1937 because of in
creasing operating expenses.
Tilting forward during the greater
part of the sesison were’ Santa Fe,
New York Central. Great Notthern,
Baltimore & Ohio, Illinois Central,
Internationa! Paper. Remington Rand,
Seaboard Oil, Texas Corp.. Western
Union, Consolidated Edison. Electric
Power & Light. Kennecott. W’oolworth,
United States Rubber and Boeing,
i Backward were J. I. Case. Deere,
International Harvester, Dougias Air
j craft. American Telephone. Anaconda,
: St. Joseph Lead. Standard Oil of
1 New Jersey, Westinghouse. General
Electric. Du Pont. Allied Chemical,
Southern Railway and Southern Pa
cific.
NEW YORK COTTON
By the Associated Press.
NEW YORK. March 20.—Cotton fu
tures opened steady, unchanged to 5
! lower. Influence of lower Liverpool
cables was partially offset by trad#
buying and covering. May, 13.85; July,
j 13.79; October. 13.18; December. 13.09;
| January, 1310; March. 13.10b. b-Bid.
With the technical position lm
| proved following declines of about
I 'g cent a pound from the recent
highs, some replacement buying and
| week end covering developed,
i The trade was an active buyer of
j old crops, but price fixing also ex
| tended into new crop deliveries. This
demand absorbed further liquidation
| and foreign selling from Europe and
I the Far East and prices recovered a
i few points.
July sold up from 13.76 to 13 80
and the market generally at the end
of the first half hour ranged from 2
points higher to 5 net lower.
Liverpool declined under general
i speculative realizing and Bombay sell
j ing. which met new buying andtra-g
! calling.
j Futures closed steady 1 to 8 hieher.
1 .. Hlah. Lou- Last
May 14.on in. 85 13.PS-P7
! July . _ in.*8 13.7H 13.80.8"
October . . 1 : ; 1 13 15 13.30- 1
December in 71 1:07 13 1«
! January 13.77 13.OP I3.18n
March __ 13.18n
Soot steady; middling. 14.55.
—
Cottonseed Oil.
Bleachable cottonseed oil futures
I closed easy. May. 11.23: July, 11.26a
j 11.28: September, 11 29: October, 11.09
j Sales. 72 contracts.
CHICAGO LIVE STOCK.
CHICAGO. March 2o • !’• (United State,
Department of Agriculture).—Hors 7.oik
I including 7.0oo direct, few sales 210-M'1'
pounds. | o.oo-l 0.25: weak to shade lower
than Friday s close or weak to lo cent;
lower than early, quotable top 10. MS
compared with week ago most good and
choice hogs, moo pounds up stead'-, me
dium kind all weights. 25-35 higher:
weights under 200 pounds steady to lo
higher, packing sow-. 10-15 higher; pic:-.
10-25 higher.
Cattle Receipts. Moo. calves, loo: com
pared Friday last week Light steers and
yearlings, excepting common kind.- M5-“.o
higher, mostly 5o up; comparable medium
weights and heavies steady to M5 hickt r
after losing bit parr of week s advance or.
unevenly lower close: common steers
steady. Stockers and feeders, strong to 25
higher, meaty kinds up mos? heifers and
medium to choice beef cows 25-50 higher:
common and medium heifers up least;
cutter grades and common beef cows,
weak to 25 lower only very thin light
cutters showing full decline: bulls steady
and vealers. 50-1.00 up: largely shortfeds
in both steer and heifer run: bur prime
1.408-pound steers reached 15.50 new
high since May. 1035: best light steers
15.25: best yearlings. 14.85: heifer year
i lings. 12.00: bulk steers. 0.25-13.00: meatv
| feeders to 0.40.
Sheep Receipts. 3 ooo all direct. For
| week ending Friday. 4.Moo directs. Com
I pared Friday last week Fat lambs
around 25 lower, late top. 12.40, against
a practical top of 1M.M5 early in the week,
the highest locally in March since 1020:
fat lamb supply around 75 per cent from
Colorado and Nebraska, few loads clippers
and seasonal scarcity of fat sheep, latter
selling around 50 higher: top shorn lambs
for week. 10.75. closing lo.25: late bulk
wooled lambs. 12.25-12 4o; sorting from
fed bands very light, outs mostly lo 75
upward late: most small lots natives clos
ing 11.75 upward, best fat ewes. 8.00;
bulk far natives. 7.00a7.75; no shearing
lambs offered.
CHICAGO PRODUCE.
CHICAGO. March 20 (/P)—Poultry, live,
4 trucks; firm: hens, over 5 pounds. 201 j,
5 pounds and less. JO1*: Leghorn hens.
HHa*. colored fryers. 2♦ *»12; Plymouth and
White Rock. 27' 2; colored broilprs, 25’2.
Plymouth and White Rock. 2*'»12: bare
backs. 20; roosters. 13; Leghorn roosters.
12; turkeys, hens. 24 young toms. 1*:
old. 10. No. 2 turkeys. 15 ducks. 4'2
pounds up whitp and colored, 20. small
white and colored. 17; geese. 15; capons,
7 pounds up. 2H less than 7 pounds. 27.
Butter. 8.331 firm: creamery, specials
(03 score). 30,2a3 7; extras (02). 30; extra
firsts ( On-Ol >. 3.V2a3r>s4: firsts (KK-K3 '.
3414a35'4; standards (Oo, centralized car
lots 1. 35 3 4
Eggs. 10,SKI: steady prices unchanged.
Potatoes, 02: on track. 307: total U S.
shipments 730; old stock weak; supplies
liberal: demand slightly better for best
quality large size russets: other stock de
mand slow, sacked per hundredweight.
Idaho Russet Burbanks. U. S. No 1. 2 75
a3.10. according to size and quality. U S.
No 2. mostly 2.15; Maine Green Moun
tains. U. S. No. 1. 2 40a50; Wisconsin
round whites U. S. No. 1. few sales, fine
quality, large size 2 3()a35: U. S com
mercial. l.K.V Minnesota and North Da
kota Cobblers U. S No. 1 and partly
1 graded few sales. 2. *'»(>: North Dakra
1 Bliss Triumphs, ordinary quality. 2.25;
j new stock about steady for best stock:
I supplies liberal demand fair: carlot track
I sales bushel crates Florida Bliss Tr1
umphs. U S. No 1. 2.1()al7la; fair con
dition. 2.00 a crate.