Evening star. [volume] (Washington, D.C.) 1854-1972, April 02, 1937, Image 20

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Evening star. [volume], April 02, 1937, Page A-20, Image 20
About Evening star. [volume] (Washington, D.C.) 1854-1972

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Evening star. [volume] (Washington, D.C.), 02 April 1937. Chronicling America: Historic American Newspapers. Lib. of Congress. <https://chroniclingamerica.loc.gov/lccn/sn83045462/1937-04-02/ed-1/seq-20/>

Newspaper Page Text

LANE TO ADDRESS
Assistant General Counsel
to S. E. C. and Other Lead
ers to Speak.
BY EDWARD C. STONE.
Chester T. Lane, assistant general
counsel to the Securities and Ex
change Commission; Henry W. Ander
son, co-receiver of the Seaboard Air
Line Railroad; John S. Linen,
Chester T. L»ne.
/Idv
vice pit'diueiiL,
Chase National
Bank; and
George M. John
son. State Treas
urer of North
Carolina, are
among the speak
ers who will ad
dress the coming
Spring meeting
of the Southeast
ern Group, In
vestment Bank
ers’ Association
at Southern
Pines, N. C„ a
week from Satur
The program was announced today
by John Redmond, jr., Baltimore,
chairman of tire Southeastern Group,
the statement also being made that a
large delegation of Washington in
vestment dealers are planning to at
tend the two-day session. The North
Carolina meeting is similar to that
held at the Mayflower a year ago at
this time.
The aim of the Spring conference
Is to get the very latest views on the
bond market outlook, money rates,
railroad, municipal and all other se
curities in winch the investment
bankers deal. Forum discussions will
follow the addresses. One or two
other especially able speakers are to
be added to the program, chairman
Redmond states.
Bonds Lead Other Problems.
Banking, journal of the American
Bankers' Association, says in its April
issue:
“In spite of strikes, industrial ac
tivity has continued to expand under
the spur of general business recovery,
and Government spending is still an
Important factor. A similar trend is
'apparent throughout the world, al
though expansion abroad is probably
a direct reflection of vast armament
programs.
"For the present, there seems to be j
little that a government or any one
else can do to control an inflationary
movement which is based upon actual
buying for consumption. That is the
situation in the United States at the
present time. Retail sales, the coun
try over, are ranging from 15 to 35
per cent above the levels of the cor
responding period of 1936. In actual
Tolume of goods sold, the average is
closely aproaching that of 1929. The
*arly Easter this year was a factor of
no little importance in stimulating the
Seasonal rise in sales.
"The upward swing of prices, wages,
production and business activity gen
erally toward a boom condition, has
had a natural effect upon investments.
tJneasiness in the bond market, punc
tuated by a rather sharp drop in
values around the middle of March,
was one of the first indications of the
Inflationary tendency. The hesitancy
that appeared in the stock market dur
ing the month was generally ex
plained by the over-rapid rise in val
ues, especially in low-priced securi
ties.
"Prices of many stocks have in
creased. on the basis of anticipated
Camings, to a degree equal to or in
excess of what took place in the pe
riod prior to the depression. The use
ef bank credit continues to rise, but
ihe chief question of the moment in
ihe banking field is the course of
bond prices.”
Reserve Bank Discounts Up.
Discounts at the Federal Reserve
Bank of Richmond rose by $145,000
between the middle of February and
the middle of March, but industrial
Advances made to industry declined
by $285,000, the changes resulting in
A net decrease of $140,000 in the bank's
total earning assets. Federal Reserve
rotes in actual circulation rose by
$777,000 during the past month, a de
velopment contrary to trend at this
Reason of the year.
Member bank reserve deposits rose
fcy $12,858,000 between February 15
And March 15, approximately half the
Amount being needed to meet in
creased reserve requirements which
became effective March 1. the Rich
tnond bank reported today.
Carpel Corp. Declares Extra.
Directors of the Carpel Corp. have
declared an extra dividend of 75 cents
per share, payable April 16 to stock
holders of record April 9, it was an
nounced today. The corporation re
cently paid the usual 50-cent quar
terly dividend, as the stock is now on
B $2 basis. Carpel Corp. is a food,
distributing concern. The stock is
listed on the Washington Stock Ex
change and was originally distributed
tere by Waggaman, Brawner & Co.
t is quoted at 21 bid and 26 asked.
H. Lawrence Choate, general agent
pf the Mutual Life Insurance Co. of
blew Jersey, will give a luncheon at
Ihe Hamilton Hotel tomorrow in honor
pf Adolph Krechel, who is just round
ing out 20 years' active service in the
Insurance field. He started in busi
pess in Washington and has always
worked here, building up a very large
clientele. The president of the com
pany, John R. Hardin, has sent a
Bpecial gift to be presented the honor
fcuest at the luncheon.
Bank clearings m the Capital for
the week ended March 31 totaled
$24,436,498.49, compared with $18,
$44,487.22 a year ago, or an increase
of 34.6 per cent. Compared with a
total ot $22,966,945.87 for the pre
vious week, clearings here increased
$;3 per cent.
Today's Trading on Exchange.
Ten shares of Riggs National Bank
fcommon stock sold at 345 on the
Washington Stock Exchange today and
$0 more at 340. Lanston Monotype
■gain sold at par. Two 10-share lots
pf Mergenthaler Linotype came out
■t 47. Potomac Electric Power 6 per
E nt preferred moved at 114 and the
4 per cent preferred at 112.
The Treasury and the Federal Re
# rve Board, working together, have
F enty of money to keep the Govern
n ent bond market orderly, Secretary
$ orgenthau said yesterday.
“All we have ever tried to do was
keep an orderly market. And we
Will continue to do so. No one has
enough money to put the market up
pr down” Secretary Morgenthau said.
National Dairy Products Corp., in
accordance with the requirements of
the purchase fund for its 3% per cent
debentures, due 1951, has issued a re
demption notice, and on May 1 will
redeem at lOOti certain debentures,
which have been drawn by lot.
i
TRANSACTIONS ON THE NEW YORK STOCK EXCHANGE
By Private Wire Direct to The Star.
2:18 D.m.
Prev 1937 Stock and Sales— Net
High Low Dividend Rate. Add 00. High. Low. Close, chge.
80% 63% Acme Steel (4)_ 2 79 78 78 -1
22% 15 Adams Exp (a55c)32 20% 19% 20 —1%
36 31% Addressograph (1). 1 32% 32% 32% + %
80% 71% Air Reduction (tl)_ 9 72 70% 70% —1%
5% 3% Air-Way Electric_ 2 3% 3% 3% + %
15% 14% Alaska Jun < t60c) 14 14% 14% 14% — %
6% 3% Alleghany Corp _. 25 4% 4% 4% — %
59% 43% Alleg pf ww $30 ... 1 52 52 52 -1%
45% 36% Alleg Steel (b40c)-_ 20 42% 41 41% —1%
258'% 225 Allied Cliem (6) ... 3 242% 240 242%-3%
33% 25% Allied Mills (bSOc). 2 25% 25% 25%
21% 16% Allied Stores <b20c) 3fr 18% 17% 18 - %
85 81 Allied Strs pf (5)_ 2 82% 82 82 -1
83% 63% Allis-Cbalm (b50c). 15 66% 65VI, 65% -1%
39% 30% Alpha Port Cmt (1). 1 34% 34% 34% -1%
87s 4% Amal Leather _ 10 7% 6% 7% — %
114% 101 Amerada Corp (2)1 107 106% 106% - %
101% 83 Am Ag Chm Del'bl- 1 94 92 92 -4
41% 28% Am Bank Note (tl). 4 28% 28% 28%
75% 61 Am Bk Note pf (3). 140s 60 60 60 -1
80% 61% Am Brake Sh (t2) .. 2 63 61% 62% -1%
1% 1% Am Bra Sh rts Ap la 103 lft lft 1ft — %
160 125 Am Brake Sh pf 5% 10s 128 128 128
121 105% Am Can (T4) .. 15 108 107 107%-%
71 66 Am Car & Foundry.. 3 61% 61% 61% — %
104% 92% Am Car & Fdry pf... 1 95% 95% 95% - %
90% 72 Am Chain & Ca bl__ 1 82% 82% 82% - %
105% 100 Am Chicle (t4)_ 3 100% 100 100 -1%
23% 13% Am Colortype ... 1 19% 19% 19% - %
30% 26% Am Cornel A1 »50c._ 10 29% 28% 29% -1
33% 28 Am Crystal Sug b2_. 4 28% 28% 28% — %
99% 96% Am Crys S 1st pf 6.. 40s 95 94% 95 -1%
13% 8% Am Encaustic _ 10 11% 11% 11% — %
13% 7% Am & Foreign Pwr_. 19 10% 10% 10%
58% 46% Am & For Pw $6 pf.. 17 48% 48% 48% + %
68% 54 Am & For Pw $7 pf.. 7 56 55% 56 4 %
38% 20% Am & For Pw 2d pf. 2 29% 29% 29% - %
21 18 Am Hawaiian (1) .. 2 19% 19% 19%
11% 6% Am Hide & Leather. 39 10 9% 10 - %
65% 37% Am Hide & L pf (3). 5 51 49% 50% -2%
52% 46% Am Home Pr t2.40._ 2 48 47% 48 + %
4% 2% Am Ice 2 4% 4 4 — %
27% 17% Am Ico pf (2) _ 2 24% 24% 24%-%
17% 13% Am Interntl (a40c)_ 18 16% 15% 16%- %
58% 43 Am Locomotive_ 4 52 51% 52 —1
125 114 Am Loco pf (a3) ... 2 115 115 115 — %
29% 22% Am Mach & F (tl) . 15 25 23% 24 -1%
13% 11% Am Mach & Met 60c 1 11 11 11 — %
68% 50% Am Metals 13 61% 61 61%—lit,
75 62 Am News (NY) (3) 30s 71 70 70 42
16% 11% Am Power & Light. 39 11% 11% 11% — %
72% 55? Am Pw & Lt pf (5).. 6 66% 56 56%
87% 66 Am Pw & Lt pf (6). 8 67% 66% 66% -2%
29% 24% Am Radiator t60c _ 46 24% 24% 24% — %
170 160 Am Radiator pf (7) 20s 156'* 156', 156% -3”.
4o% 33% Am Roll Mill tl.20.. 98 40% 38% 4(1 -%
36 31 Am Safty Raz f + 2>_ 1 32 31% 31%-%
29 23% Am Seating <a2%). 3 24% 24% 24%.-%
105% 88% Am Smelt & Ref(3). 123 95% 90%. 93% -3
107 105 Am Sm & Ref pf (6). 2 106% 106% 106% + %
73% 57% Am Steel F (b50c)_ 14 62 59% 59% —3
115 110 Am Steel F pf (7)_ 10s 110 110 110 - %
26% 21% Am Stores (2)_ 6 22 22 22 - %
56% 47% Am Sugar (2) _ 1 49 49 49
143% 130 Am Sugar pf (7)_ 1 133 133 133 + %
25% 21% Am Sum Tob < 11)_ 2 22% 22 22 - %
187 168% Am Tel & Tel (9)... 19 171 169% 171 +%
99 78%.. Am Tobacco (5)_ 3 81% 80% 81 -1%
99% 80% Am Tobacco B (5)— 11 85% 83% 83%-%
20% 16% Am Type Founders. 8 16% 16% 16% — Vi
29% 22% Am Water W (SOc). 14 2% 22% 22%+%
107 99 Am Wat W 1st p (6) 1 97% 97% 97% — 1%
14% 9% Am Woolen .. 6 12% 11% 11% — %
79 64 Am Woolen pf (bl). 15 71s. 70 70% -1%
1% !«Am Writ Taper (d). 2 1 % 1
9% 4% Am Writ Pap pf (d) 19 6 4% 4%
20 6% Am Zinc & Lead .. 48 15% 15% 16% - Vi
79% 44% Am Zinc & L pr pf.. 3 62 61% 62 -4%
69%. '52% Anaconda Cop (tl) 301 62% 60% 62 —1%
97 84 Anaconda Wire (12) 4 83 83 83 —5*
25% 18 Anchor Cap (60c) __ 9 21% 21% 22 — %
37% 29 Andes Copper _ 1 31 31 31 —1
111 107% Armour(Del)pf(7). 1 109% 109% 109% + %
13% 7 Armour(Ill) bl5c .. 90 11% 11% 11%
99% 81% ArmourdlDpr pf 6. 2 96% 96% 96% —1
70% 59V) Armstrong Cork(2). 3 64% 641) 64% — %
16V. 14 Arnold Cnst b62 %c. 2 14V. 14 14 — %
24% 19% Assoc Dry Goods_ 19 20% 19% 19% — %
106 100 Assolnvpf ww(5). 1 99 99 99 —1
87% 69% Atch T & S Fe(a2)— 25 80% 79 79% -1%
55% 44% Atl Coast Line(al). 16 49% 47V) 48% — %
29 24 Atl Gulf & Wst Ind. 1 24'. 24 24% - V,
44 37 At! G & W I pf(a3)_ 1 37% 37% 37%-%
37 30% Atl Refining (tl)... 16 34% 33% 34%-%
116% 111 Atl Refin pf (4)_x 1112 112 112 +1
18% 16% Atlas Corp (80c).__ 40 17% 17% 17%+%
52% 50% Atlas Corp pf (3)... 1 51% 51% 51%-%
94 72Vi Atlas Pwdr (b75c)_. 2 81 80 80 —2
36% 28% Auburn Auto _ 3 30 29% 29% - %
9% 7% Austin Nichols_ 3 8 8 8 — %
9% 6% Aviation Corp Del_ 80 8'. 7% 8% + Vs
11% 8 Baldwin Loco (d) 10 8% 8% 8%
120 86% Baldwin Loco pf(d) 2 110 107 107 —5
9% 7% Baldwin asd (d) ... 21 7% 7% 7% + %
40% 20% Baltimore & Ohio .. 158 37% 35% 37 - %
47% 33% Baltimore & Oh pf _ 17 42 40% 41% —1
45 41 Bangor & Ar (2%).. 2 43 42 42 - 1%
110% 105 Bangor & A pf (5)_. 30s 106 106 106 -1%
43% 35% Barber Co (a75c)_ 21 40 38% 39% — Vs
32 25% Barker Bros_ 3 28% 28% 28%
35% 26% Barnsdall (1) _ 26 32% 31% 32% — Vi
20% 16% Bayuk Cigar t75c... 5 16% 16% 16%
28% 25 Beatrice Cream tl_ 6 25% 24% 24% — %
15% 13 Belding Hemin (1). 2 13Vi 13% 13% — %
30% 25 Bendix Avia (b25c) _ 20 25 24% 24% — %
23% 20% Benef Ind Ln (b95c) 22 21% 21% 21%-%
105% 73 Bethlehem (al%).. 100 97% 94 95% -2
20 18% Beth 5% pf (1) _ 9 19% 19 19 - Vi
129% 120% Bethlehem pf (7)_ 5 124 123 123 -1
69% 55% Bigeiow-San b50c._. 4 55% 53 53 — 1%
38 30 Black & Deck b50c_ 8 33% 31% 31% -1%
29% 22% Biaw Knox (b20c)._ 14 27V, 26% 27 -1
49% 33% Boeing Airplane_ 21 40 39% 40 —1')
48% 41 Bohn Alum & B(3).. 5 44 43', 43')—%
45% 41% Bon Ami (B) (2%). 120s 44 43% 43%-%
28 26% Borden Co (1.60)... 10 26% 26'. 26%-%
83% 72% Borg-Warner (4)_ 3 80% 79% 80 —IV.
15". 8% Boston & Maine_ 11 12% 11% 12% — % I
23% 16% Bridgept Brss(60c— 17 19% 18% 19V) — % j
59% 45% Briggs Mfg (t2) ... 14 48 47% 47% -1%[
53% 43% Briggs & Strat (3).. 3 46% 45% 46% +1% 1
47 41% Bristol-Myrs t2.40_. 1 41% 41% 41% — 4.
53 40 Bklyn-Man Tr (4).. 6 42V) 41 41 -1
8 5% Bklyn & Queens_ 13 5% 5% 5% — %
38’, 27V. Bkn & Q T pf (3) ._ 7 26% 25% 25% -1%
52% 39 Bklyn Un Gas (3)_ 8 38V) 38% 38% — %
24V, 20% Brunswick-Balke__ 6 22 21% 21% — 1%
25% 19% Bucyrus-Erie. _ 6 20% 19% 19% —1%
117% 110 Bucyrus-E pf (7)_ 10s 110 110 110 +1%
14% 11% Budd (EG) Mfg ... 22 11% 11% 11%-%
13 9% Budd Wheel(a20c).. 26 10 9% 9% — %
45% 34% Bullard (b25c)_ 2 40% 40% 40% - Vi
65% 51 Bulova Watch (t4). 3 63% 53 53%
35% 31 Burr Add M (800... 7 31% 30% 30%—1
11% 7% Bush Terminal (d). 1 84 8% 8% — %
45% 24% Bush T Bldg pf(d). 100s 35 34% 34',a
18% 13% Butler Bros (bl5c). 16 16% 16% 161)—%
36% 29% Butler pf (1%) _ 1 32% 32% 32% - s4
9% 5% ButteCop & Z(a5c). 17 7% 6% 6% — %
33% 27 Byers (A M) _ 9 28% 27% 28%
91 81 Byers (A M) pf ... 20s 83 82V) 82V) -2
34% 27 Bvron Jackson (tl) 1 31V) 31% 31% — %
48Vi 39% Calif Packing (1%). 1 39V* 39% 39V. — %
6% 2% Callahan Zinc-Lead 36 5 4% 4%
20% 15 Calumet&Hecia (1). 28 16% 16 16% — %
37% 30% Campbell Wy (tl).. 6 32% 32 32%—%
38% 27% Canada Dry G Ale.. * 35 33% 32% 32% -1%
17% 14 Canadian Pacific_ 23 14% 14% 14". — %
18% 15 Cap Adm (A) (al)_ 3 17 16% 16%-%
8% 7 Carriers & Gen(bSc) 7 8 7% 7% — %
176% 138 Case(J I)Co (4) 2 157 157 157 -2
100 85% Caterpillar Tr (t2). 3 93 92 92 -1%
36% 26% Celanese (b75c)_ 92 34% 33%. 34 . ( %
113% 106% Ceianese pr pf A(7). 2 109 108 109 + %
48V* 36% Celotex Corp_ 7 42V* 41 42%+ %
39% 33% Cent Aguire (tl%)- 1 35 35 35 -1
12% 8% Central Foundry_ 32 10 9% 9% — %
107% 102 Cent 111 Lt pf (4% ).. 10s 102% 102% 102% + %
41% 30 Central R R of N J„ 5 32% 31 32%+%
24% 17 Cent Violeta Sug_ 2 18% 17% 17%-%
115 105% Century RM pf (7).. 10* 106 106 106 + %
86% 67% Cerro de Pasco (4).. 8 79% 76% 78 -1%
23% 16% Certain-teed Prd ._ 16 18 17% 17% - %
82 67% Certain-teed pf (6)_ 20s 72 72 72 -%
58% 35% Champ Paper <1)_ 7 56 53% 63%-1%
111 108% Champ Paper pf(6). 40b 108% 108% 108% + %
68% 57% Ches & Ohio +2.80 .. 66 59% 58% 59%-%
100 95 Ches & Oh pf A (4)_ 1 95 95 95 -1
4% 2% Chi & East 111 (d) 2 4% 4 4 -%
13% 6% Chi & Est 111 pf (d). 4 11% 11 11%—%
4 2% Chi Grt West (d) . 12 3% 3% 3% — %
18% 13% Chi Grt West pf Id). 11 15% 15 15 — %
3% 2 Chi Mil St P&P (d). 8 2% 2% 2% + %
7% 4% Chi M St P&P pf(d). 19 6% 5% 6 -%
6% 3% Chi & N W (d)_ 26 5% 4% 5 -%
19% 11% Chi &N W pf Cd)_ 1 15 15 15 -1
33 23 Chi Pneumatic Tool 5 28% 27% 27% —1%
3% 2% Chi R I & Pac (d) 10 3% 3% 3% - %
8% 5% Chi RI&P 6% pf(d). 6 8 7 7 -%
10% 6% Chi RI&P 7 % pf (d). 2 8% 7% 7% - %
15% 12% Childs Co_ 10 13% 13 13%-%
80 46% Chile Copper (1)_ 60s 68 68 68 —4
135% 110% Chrysler (bl%)_ 136 123 119% 121% -2%
21% 18% City Ice & Fuel (2)_ 2 20 19% 20
10% 8% City Stores- 8 8% 8% 8% — %
38% 32% Clark Equip(tl.60). 4 34 32% 32%—3%
113 105 ClevElIllupf 4%.. 140s 108% 108 108 -%
41% 36 Clev Graph Br (2)_ 2 37% 37 37%
98% 78 Cluett Peabody (3). 2 91 91 91 + %
170% 122% Coca-Cola (t2)_ 14 170% 168% 169% - %
58 57 Coca-Cola A (3)_ 3 58% 58 58
25% 19% Colgate-P-P(t50c)_ 37 24% 23% 24 -%
62% 54% Collins & Aik (t2)— 9 55% 54 54 -1%
112% 108%Collfns&Aik pf(5). 150s 109 108% 109
37 26 Colonial Beacon ... 100s 37% 35% 37% +1%
51% 43 Col Fuel & Iron(bl) 3 44% 44% 44%—%
30 24 Colo & South 1st pf 60s 25 25 25 — %
20% 15% Columb G& EU40c) 60 16% 15 15%-%
108 97% Col G&Epf A (6) .. 1 97 97 97 -%
39% 32% Columb Pic vtc (tl) 4 34 33 33%-1%
46% 41% Columb Pic pf(2%). 2 41% 41% 41% -1
69% 56% Cornel Credit (t4> 8 59% 58 68 -1%
114 100 Cornel Cred pf (4%) 1101 101 101 -1%
80% 66% Cornel Inv T (t4) .. 6 68 66 66% -1%
120 104 Cornel Inv T pf 4 % - 1 105% 105% 105% - %
21% 18 Come! Solv It60c)_ 42 18% 17% 17%-%
4% 3 Comw & Southern_ 200 3% 3 3%
75% 66 Comw & Sou pf<3)_. 8 67 55% 67 ♦ %
19% 13% Conda East Pub_„_ 2 15 15 15 — %
45% 36% Conroleum-Nrn(2). 4 40% 40% 40% - %
f'l
2:ln p.m.
Prev 1037 Stock and Sales— Net
Hish. Low. Dividend Rate. Add 00. Hikh. Low. Close, chae.
95 88% Con C pr pf ww 6 % - 10s 87 87 87 -2
49% 39% Cons Edis N Y(t2).. 32 40 39% 39%-%
108 104% Cons Ed N Y pf (6) _. 5 105% 105 106 + %
5% 4% Cons Film_ 4 4% iVi 4% - %
18% 16 Cons Film pf U2)__ 3 16 15 15 -%
13% 9% Cons Laundries_ 111 11 11 — %
17% 15% Cons Oil (80c)_ 128 17% 16% 17%+%
10% 7% Cons R R Cuba pf_ 1 8 8 8 -%
1% '% Cons Textile (d)_ 12 1% 1 1
12% 8% Cons Coal (Del) vtc_ 12 11% 10% 10%-%
51 33 Cons Coal Del vtc pf 370s 45% 43% 43% -2%
32% 20% Container Corp 1.20. 26 32 30% 31%-%
37% 27% Conti Baking (A)... 21 31% 30% 31 - Vs
5% 3 Conti Baking (B) ... 20 4% 4% 4% + %
109% 102% Conti Baking pf (8). 1 103% 103% 103% - %
69% 59% Conti Can (3) ._ 9 60 69% 59%—%
42% 38% Conti Insur (tl.60). 9 39 38% 38%-%
3% 2% Conti Motors _ 25 3% 3 3
45% 40% Conti Oil Del (tl)-_ 18 43% 42% 43%+%
35% 26% Conti Steel (b50c).. 2 32% 32 32 -%
77 63% Corn Ex Bank (3).. 60s 68% 67% 67% —1%
71% 65% Corn Prod Ref f+ 3) _ x 13 65% 65 65 -%
171% 160 Corn Prod R pf (7).x 1 157% 157% 157% - %
10% 6 Coty Inc_ 27 8% 8% 8% - %
56% 46 CraneCo .. _ 4 51% 51 61 -1%
37 30 Cream of Wheat(2). 2 30 29% 29%-%
28% 21% Crosley Radio a 1 *4 - 2 23% 23% 23%-%
100% 74 Crown Cork &S(2)_ 16 74% 71% 74 - %
56% 50% Crn C&S pf ww 2%. 1 49% 49% 49% -1
47% 43% Crn C&S pf xw 2% - 2 43% 43% 43%
24% 17 Crown Zeller(new). 191 23% 21% 22% — %
101% 99 Cr'n Zell cum pf (7). 5 101 100% 100% - %
81% 51 Crucible Steel_15 77% 74% 74%-3%
17% 12% Cuba R R pf _ 60s 13 13 13
14% 10 Cuban-Am Sugar... 22 11% 10% 11 - %
43 39% Cudahy Pkg (2%)..x 4 40 39% 39%-%
20% 16% Curtis Publishing.. 21 16% 15% 16 -1
109% 99 Curtis Pub pf (7)_ 2 98 97% 97% -1%
8% 6% Curtiss-Wright ... 219 7% 6% 7
23% 19% Curtiss-W (A)a50c 45 20% 19% 19%—'%
90% 81% Cutler-Ham (b50c)_ 1 82 82 82 — %
18% 16 Daveka Stores!11)_ 1 16% 16% 16%-%
24 20% Davega cum pf 1%. 2 20% 20% 20% - %
135% 104% Deere & Co .. 15 127% 122% 122% -5%
31% 29% Deere & Co pf 1.40 _. 1 29% 29% 29%
29 22 Detsel-Wem-G(tl). 3 25 24% 25
58% 42% Delaware & Hudson 15 61% 49% 51 -1
24% 17% Del Lack & West 23 21 19% 20%-%
146% 125 Detroit Edison (+ 4) 1 126% 125% 125%— %
12 10 Det& Mackinac . 30s 10 10 - 10
76% 61 Devoe & Rey A(t3). 2 72 71% 72 —1
36% 30% Diamond Mth(b50c) 4 31% 31% 31% — %
40% 36% Diamond Mpf(tl%) 1 36% 36% 36%
29 24% Distil Corp Seag .. 13 26% 26 26%
25 20% Dixie Vortex(l%) . 2 22 22 22
At: qqt . ni-c-ciot q qn qu qft —It/.
51 45 Dome Mines (t2)_ 8 46 45% 45% — V,
12% 10% Dominion Stores__ 1 10% 10% 10% — V*
77% 60V, Douglas Aircraft_. 16 61% 60 60% — %
8% 6% Dunhill Internatl__ 1 6%. 6* 6*
17%. 15V, Duplan Silk (1)_ 1 15* 15* 15*
180* 156 Du Pont (b75c)_ 14 159* 157% 158% - %
17 11* Eastern Roll Mills.. 4 14* 14 14*-*
175* 159 Eastman Kodak(6). 3 164 162* 163 +*
163 157 Eastman Rod pf(6). 10s 155 150 150 -7
37* 32 Eaton Mfg (t2)_ 7 33* 32% 32%- %
16 11* Eitington-Schild_ 16 15 14% 14% — *
29 23% El Taso Nat G 1.60.. 3 25 23* 25 + %
45* 38* Elec Auto Lt t2.40.. 13 40 38% 39*-*
16 12 Elec Boat (a60c> — 25 12% 12% 12*
7* 5% Elec&Mus 1 (al8c)_ 6 5% 5% 5*
26% 21% Elec Pow & Light .. 26 23* 22* 23*+ *
87 69 Elec Pw & Lt $6 pf.. 2 73 73 73 + %
92* 75 Elec Pw & Lt 87 pf_. 2 81* 81 81* +1*
2 1* Elk Horn Coal (d) . 11 1% 1* 1% - *
115* 108% Endicott-Jhn pf(5). 40s 111', 111* 111*
17% 11 Eng Public Serv . 4 11% 11% 11% — %
78V, 63 Eng Pb S $5 pf b3 %. 1 65 65 65 +1%
9% 7* Equitable Office B._ 10 7% 7* 7% + %
23% 13% Erie RR 46 20% 19* 20%-*
35* 26% Erie R R 1st pf_ 10 30 29% 30 -1
34% 28* Evans Prod (tl)... 4 30 29* 30 - %
5% 3* Fairbanks Co _ 390s 4* 4 4* + *
28 21* Fairbanks Co pf_ 50s 22* 20% 22*
71% 56 Fairb'ks-Morse (tl) 3 60 58* 58* -2*
70 53% Fajardo Sug Co (bl) 2 58 57 58 -1%
127% 105 Fed Min&Sm pf(7> 1 129 128% 129 +1%
11% 8* Federal Motor(40c) 1 9* 9* 9* - %
11* 5* Fed Screw Works... 1 8% 8% 8% — %
6 4% Fed Water Svc A_ 7 5 4% 4% — %
43% 36* Fed’d Dept Str(2).. 2 38 37% 37%-*
45% 40 Fidel Phoenix tl.60 2 40*. 40* 40*— %
41% 32% Firestone T&R (2). x 14 38% 37% 38%-%
107* 103% Firestone pf A (6) . 1 104% 104% 104% - *
52% 46* First Natl Strs t2* 2 47% 46% 46%-%
46% 40 Flintkote Co (1) 13 40% 39% 40* - %
58*. 48 Florence Stve b50c. 2 50 50 50
39* 34 Florsheim A (2) 3 36 36 36
9% 6% Follansbee Bros(d) 7 7% 7% 7* — V,
57% 47* Food Machine (1) 10 56 54% 56
126* 116* Food Mach pf(4%) 100s 125 125 125 +*
54* 43 Foster-Wheeler 21 50% 48* 49 -2*
135 118 Foster-Wheeler pf 70s 129 127 127 -2%
83 70 Franklin S pf(a5 %) 20s 72 72 72 +1
32% 26% Freeport Suiph (1). 4 28% 28 28 -1
48*. 35* Fuller Co 2d pf_ 10s 35 35 35 — %
7* 4% Gabriel Co (A)_ 2 6% 6% 6% — %
33 25* Gamewell Co _180s 27 27 27
19*. 15* Gar Wood (aS5c).— 8 16* 16% 16*
15* 12* Gen Am Inv(a75c).. 2 14% 14 14 — %
86*. 70* Gen Am Trans (*3>. 2 72% 72 72 -IV*
19* 15% Gen Bakin* (t60c)_ 9 16% 15% 15% — %
14 10% Gen Bronze_ 4 10% 10% 10%-%
32* 25% Gen Cable _ 7 29% 29* 29*-*
65 54 Gen Cable (A)_ 3 59* 59 59 -1%
52% 44 Gen Cigar (14)_ 1 45 45 45 + »,
64% 52% Gen Electric (b40c) 59 57 55% 56% — *
44V, 39% Gen Foods (2) ... 8 42% 41% 42 — %
3% 2* Gen Gas & Elec(A). 4 2% 2* 2*
65% 60 Gen Mills 03) .. 4 62% 62% 62%-%
*70* 60* Gen Motors(b2uc).. 171 61% 60% 61 -%
122% 116V, Gen Motors pf (5).. x 1 115% 115% 115%
15% 12% Gen Outdoor Adv . 2 12% 12% 12%-%
60* 49% Gen Outdoor Adv A. 2 50 49% 50
19 17% Gen Print Ink new. _ 9 17% 17 17 — %
5% 4% Gen Pub Service ... 11 4% 4% 4%
65% 53 Gen Rv Signal (1).. 2 52 51* 51* -2%
5% 4% Gen Realty & Util _ 14 4% 4% 4% — V,
48*, 39 Gen Realty & U pf . 4 42% 42 42 - *
70% 60% Gen Refract (a3%)_ 3 63*. 62% 62% -2%
43* 37 Gen Time Invftl) .. 1 38% 38% 33% + %
20% 15% Gillette S F.az (tl). 24 17% 17 17 -%
29% 20% Gimbel Bros .. 21 25* 24% 24% -1
90% 8.3% Gimbel Bros pf (6).. 1 88 88 88 + %
51* 4.3% Glidden Co (2)_ 8 46* 45 45% -1*
6% 5* Gobel (Adolf) ... 4 6 5% 5% — %
8% 6% Goebel Brew(t20c). 5 7 6% 6% — %
50* 31 Good rich (BF) (al)_ 54 47 45% 46% —1
47% 27% Goodyear (b50c)... 81 44 41% 43% - %
141 100 Goodyear cu pf (5).. 2 130% 126 126 -6
4% 3 Graham-Paige_ 54 3% 3* 3% - %
15 6* Granby Cons (new). 21 11% 10* 11 — %
5% 3% Grand Union ctfs_ 1 4% 4% 4% — %
27% 21* Grand Union pf(bl) 4 23% 23 23 — %
48% 38* Granite City Stl(l). 1 40% 40% 40% — %
47% 42 Grant (WT) (tl.40) 1 44% 44% 44% +1
55% 40% Grt Northern pf ... 46 50% 49% 50% —1
28* 19 Grt Northn Ore (1). 32 26* 25* 26*-1%
42% 35 Grt West Sug t2.40. 4 36% 36% 36%- %
39* 34 Green II L (tl.60).. 5 34*. *34% 34%-%
16% 14% Greyhound (t80c).. 19 14% 14* 14% — %
11* 11 Greyhound pf (55c) 1 11* 11% 11% + %
4% 3 Guantanamo Sug.. 4 3% 3% 3% — *
59 40 Guantanamo pf_ 20s 53 52 52 —Hi
17* 13 Gulf Mobile &N_ 1 13% 13% 13%- %
108 55* Gulf States Steel... 2 101 97 101 -6
20% 13* Hall W F Print 5 17% 17 17 — %
31 26% Hamilton Wth b25c 1 25* 25* 25* - %
108 104* Hamilton W pf (6). 20s 105 105 105 +*
58* 50V, Harb-Walker (12) __ 4 53* 53% 53% — *
106* 103% Hat pf ww (6*)- 10s 104* 104* 104* — *
8 5% Haves Body _ 5 6% 6 6
109% 101 Hazel Atlas G1 (t5). 1 102% 102% 102% + %
15% 13% Hecker Prod (60c).. 13 13% 13* 13* — %
O J7S 0 174 11C1 LUlCo VIA-/ A- «*- *
185 150% Hercules Pwdr (6),. 1 165 165 165 —2%
67% 60 Hershey Choc <t3) _ 2 60 59 59 -1
52% 47 Holland Fur(al%). 5 47% 47% 47%-%
120% 106 Holland Fur pf(5)_. 60s 107 105% 105% - V*
30% 21 Hollander & Son(l) 6 28% 28% 28%-%
43% 31% Holly Sugar ( + 2)_ 3 34 33% 33%-%
431 355 Homestake ( + 12)_ 170* 403 397 400 +3
27% 22% Houd-Her B (tl%). 3 22% 22% 22%-%
73 57% Household Fin (4).. 1 60 60 60
17% 12% Houston Oil vtc_ 34 14% 14 14% — %
90% 62% Howe Sound (t3)_ 19 84% 82 82% -2%
15% 12% Hudson & Man pf— 1 12% 12% 12% — %
28% 18% Hudson Motor_ 34 21% 20% 21%+%
2% 1% Hudp Motors_ 13 2 1% 1%
38 22% Illinois Central_ 21 33% 32% 33%-%
22% 12% Indian Relin (al)— 4 17% 17 17% — %
42 36% Indus Rayon (2) 71 41% 40% 40% —1
144 130% Ingersoll Rand(t2). 1 134 134 134 —1%
131% 112% Inland Steel (4)- 3 117% 116% 116% —2%
33% 22% Inspiration Cop - 49 29 27% 28% — %
13% 10% Inter Rap Tr vtc(d) 5 10% 10% 10%—%
11% 4% Intercontl Rubber,. 7 10 9% 9% — %
28% 16% Interlake Iron - 132 25% 24% 25% — %
9 5 Inti Agricultural— 24 8% 7% 8% — %
59% 42 Inti Agricul pr pf._. 5 54% 54 54 —2
189 159% Inti Bus Mach<t6) — 2 162% 160 160 —2%
111% 101 Inti Harvester(2%) 8 104% 103% 104% — %
162 146 IntlHarvpf (7)- 1 149% 149% 149% — %
16% 8% Inti Hydro El A_ 233 15% 14% 15%+1%
14% 6% Inti Mercantile M— 64 14% 13% 14 — %
18% 14’% Inti Mining (a90c)_. 10 14% 14% 14% — %
73% 62% Inti Nickel (b50c)__ 75 68 66% 67 -1%
23% 16% Inti Paper (A)_ 42 23% 21% 22%-%
17% 10% Inti Paper (B)- 23 17 16% 16% — %
8% 5% Inti Paper (C)-M 106 8% 8% 8%
119% 90% Inti Paper pf- 39 118% 116 117% —2%
53% 41 Inti Print Ink (t2),. 1 53% 53% 53% + %
111% 109% Inti Print Ink pf(6) 40* 110% 110% 110%
28% 26 Inti Salt (tl %)_ 1 26% 26% 26%-%
49% 45% Inti Shoe <t2)_ 2 46 45% 46 + %
52 31% Inti Silver _ 2-45 44% 45 -4
110 90 Inti Silver pf (a4)._ 10* 102 102 102 +1%
15% 11% Inti Tel & Tel ., 63 12% 12% 12%-%
36% 29% Interstat Dp St b2 %. 7 29% 28% 29%-%
107 103V* Inter Dept St pf (7), 50* 107 107 107
29 25% Island Creek (2)_ 2 28 27% 28
87% 78% Jewel Tea (t4)_ 1 78 78 78 — %
155 134 Johne-Manv (+3)_ 3 141 140 140 -3
126 120 Johns-Mansv pf (7). 10* 125% 125% 125% +1%
136 123 Jones&L 7% pf 1%. 30* 125 125 125 -1%
29 20 Kans City South ... 4 26 25% 25% - %
35 28% Kaufmann ( + 1.60)— 1 32% 32% 32%-%
27% 24 Kayeer J&Co (2)_ 1 24 24 24 — %
23% 17% Kelsey-H A (al%)_. ' 2 18% 18% 18%
19% 15 Kel»ey-HB (al%)-. 8 15% 15% 15%
2:1ft p.tn.
Prev 1937 Slock aftd Sales— Net
High. Low Dividend Rate. Add 00. High. Low. Close, chge.
69% 56% Kennecott <b50c) 140 62% 69% 61% -2%
20% 17% Keystone S&W b30c 2 19 18% 18% - %
46 39% Kimberly Clark(l). 6 42 40% 40%-2
9% 5% Kinney (G R) Co... 2 8% 8% 8% - %
71 47% Kinney pf (al) _100s 67% 66 66 -2
29% 26% KresgeS S (b30e) _ 6 25 24% 24%-%
24% 22 Kroger Groc (tl.60) 5 22% 22% 22%-%
27% 21 Laclede Gas (St L)_ 10« 21 21 21 -%
24 18% Lambert Co (2)_ 1 20% 20% 20%-%
27% 17 Lee Rubber (50c)... 6 26 25% 25%—%
61% 38% Leh Port Cmt'1%... 4 45% 44% 44%-2
3% 2% Lehigh Valley Coal. 3 2% 2% 2%
18% 13% Lehigh Val Coal pf. 5 13% 13% 13% + %
24% 17% Lehigh Valley R R_. 7 20% 20 20 - %
137 118 Lehman Corp ( + 3).. 2 125 125 125 -3
21% 18 Lehn & Flnk(al%). 3 19% 19 19 -%
68% 49 Lerner Stores!t2)__x 1 49 49 49 — %
79 67% Libbey-O-F (b75c). 8 70% 69 69 -2
15% 9% Libby McN & Lfal) 7 14 13% 14 -%
28% 25% Life Saver (tl.60).. 2 26% 26 26%-%
113% 100 Ligg & Myers (t4).. 1 102 102 102 -1
114 100% Ligg & Mvers B t4 4 102 101 101 -1%
175 149 Ligg* Myers pf(7) 1 158 158 158 -1
23 21% Lily Tulip (tl%)„. 1 22% 22% 22%-%
83% 59 Lima Locomotive__. 2 71 70% 70% —2
61 52 Link Belt (t2) 1 66% 56% 56% + %
63% 43% Liquid Carb (2.60).. 3 61% 51 61 -%
81% 64% Loew’s Inc (t2)_ 19 79% 78 79% -1%
3% 2% Loft Inc ... 4 3% 3% 3% — %
75% 66 Lone Star Cmtb75c 23 67% 64% 65%-3
10% 6% Long-Bell Lumb(A) 10 9% 9% 9% - %
43% 37% Loose-Wiles (2) ... 1 37% 37% 37% - %
109% 106 Loose-Wiles pf(5)_. 10s 106% 106% 106% - %
28% 22% Lorillard P (11.20) _ 19 23% 23% 23%-%
28% 19% Lou Gas & Elec (A). 1 22 22 22
99 88% Louis* Nash b2%.. 3 91% 90% 90% -1%
41% 29% Ludlum Steel (tl).. 15 37% 36 36% -1%
36 33% MacAndrew&F(t2). 2 34% 34% 34% + %
36 30% McCall Corp (t2)_ 2 31% 31% 31%-%
24% 18% McCrory Stores __ 5 19 18% 19
54% 40% McGraw Elec <t2).. 4 49% 49% 49%-%
28% 23% McGraw H P b27%c 2 23% 23% 23%—%
42% 38 McIntyre Porcu(2) 4 39% 39% 39%
42% 40% MoKeesp’t Tin Plate 2 41% 40% 41 — V,
16% 12% McKesson A Rob _ 19 15 14% 15 + %
47% 45 McKess & Rb pf(3). 1 46% 46% 46%+ %
19 16% McLellon St (b75c). 3 16% 16 16 -%
62% 42% Mack Trucks (11) __ 16 68% 56% 56% -2%
58% 50% Macy (R H) (t2) .. 1 52% 52% 52%-%
15% 11% Madison Sq G(80c)_ 1 13 13 13
63 53 Magma Copper (2).. 5 59 56% 56% - 4%
7% 5 Manati Sugar (d) 2 7 6% 6% — %
7 6% Manati Sug ctfs (d) 3 6% 6% 6% — %
30 20 Manati Sug pf (d)__ 10s 25 25 25 -t- %
lb', 14 Manuel tiros ini. . » 1 ova in in — *1
16% 11 Man El mil gtd (d).. 8 11", 10% 11%+ %
39 29% Manhat El Rtd fd).. 60* 30% 30% 30%
29% 23% Manhat Shirt (1) — 2 23% 23% 23%-%
6% 4% Maracaibo Oil Exp.. 1 4% 4% 4% — %
14", 10% Marine Mid ft40c).. 10 12 11 12 - %
3% 2 Market St Ry . 110, 2% 2% 2% — %
6% 4% Market St Ry 2d pf 130» 5 5 5 + %
39 ' 30% Market St Ry pr pf. 140s 32% 31 31 -3
51% 46 Marlin Rock f+ 2)_ 2 46 45% 45% -1%
30% 18% Marshall Field_ 21 27% 26% 27% - %
13% 9 Mactin-Farry_ 15 10% 10% 10% - %
74 60 Masonite ftl)_ 5 62% 61% 61% -1
41% 36 Mathieson Alkfl%) 2 37 36% 37
66% 59% May Dept St f +3>... • 3 62% 62 62% + %
15%. 12 MaytasrCo (a50c)_ 1 12%. 12% 12%
33% 25% Mead Corp _ 6 26% 26% 26% -1%
101 95 Mead Corp pf (6) .. 20, 96*. 95 95 -2
86% 77 Melville Shoe ft5)_ 5 77 77 77 -%
16% 11% Mensrel Co ... 6 13% 13% 13',- '4
47*i 41% Menctel 1st pf (2%) 80s 43 41%. 41% — 1%
72% 59 Mesta Mach (bl%). 2 68 66% 68 +1
26% 16% Miamf Copper _. 35 22% 20% 21% -1%
35% 29% Mid-Cont Petal.15. 14 33 31% 33 -1
48%. 38% Midld Stl Prodf+2). 7 43", 42% 43%-%
122 116% Midld Stl 1st pff8). 90, 117", 117 117 -%
120 102 Minn-Hon Ros (2). 1 113% 113% 113%. -1%
16% 11 Minn Moline Pow 17 14 13", 14 — %
101 88% Minn Moline Pw pf . 2 93%. 92 93 -1%
2% 1% M St PA-S S Marie . 4 2 2 2
6% 5 MStP&SSMlsln 10, 5% 5% 5%+%
33% 26% Mission Corp f«45c) 3 32 32 32 — %
9% 6% Mo Kans & Texas 5 8% 8% 8% - %
34% 24% Mo Kans * Tex pf A 5 30 29% 30
6% 3 Mo Pacific fd) .. 12 5% 5% 5% - %
12% 7 Mo Pacific pf fd) 12 10% 10% 10*,-%
40% 30% Mohawk Carpfl.20) 4 36 36 36
101 89 Monsanto Chmftl) 10 91% 90% 91%-%
69 53% Monte Ward (+ 2) 50 60% 59% 60% — %
66% 63% Morris* Esx f374). 50, 63*. 63% 63%—%
3% 1% Mothe T.odeal2%c 38 2% 2 2%
38%. 31% Motor Prod f + 2) .. 3 32*. 32% 32%-%
26 21% Motor Wheel f 1 60). 4 22 21% 22 - %
54 41% Mueller Brass ftl). 1 47*. 47*. 47%-%
39*, 31 Mullins B faSOc)_ 5 35 34% 34% -1%
99% 91% Mullins pf f7) 10, 97 97 97 -1
36%. 27% Munsinewear (3) 1 30%. 30% 30% — %
90 70 Murphv 2.60 ex rts 2 82 81% 81% — %
108% 106 Murphy C, C pf f5) 80, 103", 103*. 103", -2%
20*. 15% Murray CorpfanOc) 6 16% 16% 16% — %
71 58% Myers (F E) fbl)... 2 66% 66% 66% -1%
24% 17% Nash Kelv fl) .. 45 22% 21", 21",- %
47% 38 Nashv Chat A- St t,. 10, 42% 42% 42%
24 18% Natl Acme fa75cl . 9 21% 21 21 - %
18% 13% Natl Aviation fal). 2 16 15% 16 — %
33% 29% Natl Biscuit f 1.60) 31 29% 29% 29% - %
33*. 27 Natl Bond * In 1.44 1 28% 28% 28%
38% 29*4 Natl Cash Res fl) . 6 34% 33", 34 -%
26% 23% Natl Dairv Prd 1.20 22 24% 24 24%-*.
24% 17% Natl Dept Stores... 16 21% 20% 21 - %
10% 7% Natl Dept Strs pf .. 70, 8% 8% 8%
35 27% Natl Distillers!t2). 31 33", 33 33%-%
38 30 Natl En & Stpe (2). 3 35 35 35
44 33% Natl Read ft50c) .. 10 38", 37% 38% - %
150 144 Natl Dead .pf B f 6) 90, 147% 147% 147%
61% 48% Natl Mall A S C b5«c 2 51 51 51 -%
14*. 11% Natl Pw & Lt f60c). 19 11% 11 11%
94% 7n Natl Steel (t2%) ... 21 87 83% 84% -3
91% 62 Natl Supply Co_ 6 89 86 88 -3
12% 9% Natl Tea f60c)_ 1 9% 9% 9% - %
13% 11", Natomas ft80c)_ 4 12 12 12 — %
57'1 50% Neisner Bros f + 2)_ 1 50 50 50 — 2
37 19 New Orl T&M fd) _ 10, 33% 33", 33% +1%
41% 33% Newport IndfbSOc). 14 34% 33%. 34 -%
98% 78% N Y Air Brake b50c 3 86% 85 85
55% 40 NY Central ... 169 50% 48% 50% — %
72 41 N Y Chi & St L .. 3 69% 66% 69 -1%
100 83 N Y Chi A- St L pf... 2 93*. 90% 90% -2%
12% 8 N Y Dock ... 100, 9% 9 9
2 1% N Y Investors fd).. 1 1% 1", 1", - %
9*. 5% NY NH & H fd) __ 23 7% 6% 7% - %
26' - 16% NY NH&H pf (d).. 20 20 18 19", -1%
15% 11% N Y Shipbuilding_ 6 12% 12% 12%-%
101 95 NYSteampf (6)... 10, 98% 98% 98%-%
272 250 Norf & Wst fb2%). 3 251 250 250% -3%
17% 13% North Am Aviation. 38 14 13% 14
34% 26 North Am Cofb30c) 30 26% 25% 25% - %
57% 53% North Am Co pf f 3). 5 53% 53% 53%-%
104% 97% North Am Ed pf (6) 3 100% 100% 100% - %
36% 27% Northern Pacific ... 22 32 31 32 - %
6% 3% Norwalk Tire & R_ 4 6% 5% 6% + %
22% 17% Ohio Oil fa60c) ... 45 22% 20% 22% - %
65% 53% Oliver Farm Equip. 1 60% 60% 60% —1%
26% 18% Omnibus Corp vtc _ 13 19% 18% 19% — %
19% 13% Oppenheim Collins.. 2 15% 15% 15% — %
45% 35% Otis Kiev f60c) _ 3 37 37 37 - *,
24% 16% Otis Steel ... 28 21% 20% 21%-%
97 75 Otis Stl rv pf (5%) 2 89% 89 89 -4
23 19% Pac Am Fish ftl.20) 11 20% 20% 20%+%
15% 11% Pacific Coast 20s 12% 12 - 12 — %
40 25% Pacific Coast 1st pf 30s 33% 33% 33% -4
27Vi 21% Pacific Coast 2d . 20, 22 22 22
38 31% Pac Gas* Elec f2). 5 31", 31% 31% — %
53% 43% Pac IjiehtinR (3)- 2 44". 44% 44%
44% 34% Pac Mills (b50c).... 10 37'a 36% 36% -1%
152 143% Pac Tel * Tel (8)... 20, 142% 142% 142". + %
29 22% Pac West Oilfa65c). 6 27% 26% 27 -1
12% 10% Packard Mot fb!5c) 74 10% 10% 10%—%
4% 2% Panhandle P & R _ 1 3% 3% 3%
88% 60 Panhandle P&R pf_. 10s 74 74 74 —1
90 76 Paraffine Co (bl).._ 1 82 82 82 -%
si O'*4 +.X. 4 «• aituu'ium. x iv, - xvo 4.U78 *074 — "2
200% 161 Paramnt 1st pf f6).. 2 175 173% 175 -%
26*« 20% Paramnt 2d of 60c_ 12 22% 21% 22% - H
34% 28% Park & Tilford (2).. 1 29% 29% 29%-1%
8% 4% Park Utah __ 56 6 5% 6 — %
44% 38 Parke Davis (bl)___ 6 38% 38% 38%- %
7% 5% Parmelee Trans_ 4 5% 5% 5%
10% 8% Pathe Film Corp_ 7 8% 8% 8% — %
23% 14% Patino Minesft60c). 24 19% 19 19 -1
7% 3% Peerless Corp _ 12 6% 6% 6% — V,
64 52% Tenick & Fordd3).. 5 50'% 50% 50% -2%
103% 97 Penney J C) (4) 14 100% 98*. 98% -1%
6% 4% Penn Coal & Coke 2 5 4% 4% — %
12% 7% Penn Dixie Cement- 7 9% 9% 9% — %
29% 22 Penn G1 Sd ct a50c _ 3 25 25 25 — %
50% 39% Penn Railroad (a2)_ 36 46% 45% 46% -1
63 49% Peoples Drug ftl)_ 1 58 58 58 -1
65% 48% Peoples Gas Chi — 4 51% 51 51 -1
17 4% Peoria & Eastern_ 2 12 11 11—1
48% 34 Pere Marquette 2 46% 46 46% — %
21% 17% Petr Corp Am a90c_. 9 20% 19% 20%+ %
13% 11 Pfeiffer Brewd.20). 3 11 10% 10%-%
59% 50% Phelps Dodpe b35c_. 34 54% 51% 52% —3%
100% 90 Phila Co pf(6)new- 1 91 91 91 -%
7% 5% Phila Rap Tr (d) — 20s 6 6 6 — %
14 10% Phila Rap Tr pf(d). 40s 10% 9% 9% -1%
3% 1% Phila* Read C& I- 9 1% 1% 1% - %
84% 71% Philip Morris(b3%) 9 72% 72 72 -1
58% 49% Phillips Petrol (2).. 44 56% 54% 56%+%
20% 16% Pierce Oil pf_ 3 20 18% 20 + %
33% 28% Pillsbury Flour 1.60 1 30% 30% 30% + %
18% 14% Pittsburgh Coal .. 2 14 13% 13% -1%
20 13% Pitts Screw&B bl5c. 11 17% 17% 17%-%
43 24*4 Pitts Steel _ 4 36 36 36 -3%
122 103 Pitts Steel pf_ 30s 110 108 108 -2
8% 3% Pitts United_ 8 6% 6% 6%
47% 31% Pitts & W Va_ 20s 40% 40 40 -2
28% 24% Plymouth Oil (tl)_. 19 27*4 27 27%
33% 25% Poor & Co (B) 5 27% 26*4 27%-1
11% 7% Porto P. Am Tob A-. 1 7% 7% 7% - %
3% 2% Porto R Am Tob B.. 1 2% 2% 2%
16% 10*4 Postal Tel&C pftd). 4 11% 11 11 - %
31% 25% Pressed Steel Car .. 13 26% 25 25% -1
31 25% Press Stl 1st pf 25c- 1 25% 25% 25% - %
86 67 Press Stl 2d pf 2% — 2 68 68 68 -1
65% 65% Proctor & Gam<t2). 5 59% 59 59%-%
62** 43 Pub Svc N J (2.60)_. 16 44% 44% 44%-%
112% 100% Pub Svc N J pf (6)-. 2 103% 103 103 - %
140% 128 Pub Svc N J pf (7).. 1 127*4 127*4 127% - %
72% 61% Pullman Inc d%)„ 10 62 60% 61 -1%
24% 19% Pure Oil _ 78 20*4 20% 20% - %
112*4 108 Pure Oil 8% pf_ 20s 110% 110% 110%
23*4 18% Purity Bak <60e)_ 9 20 19% 19%-%
12*4 10% Radio Corp.._ 173 11 10*4 11 +%
80 76 Radio pf A (8%)_ 7 75 74% 74*4-1%
/•
z: in p.m.
Prcv 19.17 Stock and 8ales— Net
High. Low. Dividend Rate. Add 00. High. Low Close, chge.
9% 7% Radlo-Kelth-Clr (d) 21 8% 84 8% + 4
374 314 Raybestos M (tl4) 3 314 31 31 -14
47 404 Reading RR (2)_ 4 404 394 394 -1
44 24 Reis (Robt)_ 1 34 34 34
354 344 Reliance Mfg Co_ 1 14 34 34 -1
294 214 Rem-Rand (t60c)._. 14 24% 24 244 —4
110 100 Rensselaer & S(8)._ 10a 1064 1064 1064 + 4
94 5 iteo Motor Car_ 87 74 74 74 + 4
474 274 Republic Steel_ 376 444 424 43% —1
120'/a 109 Republic pf (bl4) . 3 116 114 114 —2
1104 99 Republic pr pf A(6) 2 110 1094 110
484 334 Revere Copper.. 49 464 44 454 —14
1354 1284 Revere Cop pf bl%. 60a 133 1324 1324 - 4
30% 254 Reynolds Met (tl4 264 25% 264
344 244 Reynolds Spr (tl)-- 3 27 26% 26% — %
58 60% Reynolds Tob R (3). 6 52% 524 524 — 4
314 244 Ritter Dental (tl).. 1 26 26 26 +%
864 72 Roan Antel ial.12). 1 764 764 764 —34
140 117 ltuberold Co (1.8U). 1 136% 136% 136% -14
46 40 Safeway Stores(t2) 5 41 404 41 — 4
103 974 Safeway Strs pf(5). 20a 1024 1024 1024
113 1094 Safeway Str pf<6) . 20a 110 110 110
113 110 Safeway Strs pl(7). 440a 1104 1104 1104 + %
65 43% St Joseph Dd(bOOc) 31 58 554 564 -24
4% 3 St D-San Fran (d)_ 12 4 3% 34— 4
114 64 St L-San Fr pf (d).. 15 8% 84 84 - 4
274 144 Savage Arm (al) 2 254 24% 264 — %
51% 424 Schenley Dist(b75c) 12 484 474 47% — %
34 2 Schulte R Strs (d).. 4 24 2% 2% — 4
23% 17 Schulte R S pf (d).. 2 20% 204 204 —%
454 38 Scott Paper (1)_ 10a 414 414 414 -4
24 14 Seaboard Air D (d). 10 14 1% 1%
84 6 Seaboard A D pf(d). 2 6% 64 6%
514 404 Seaboard 011 (1) ... 69 51% 49 51% -r %
95% 81 Sears Roebuck (3).. 43 88% 87 884 — 4
34 28 Servel Inc (tl)_ 13 304 29 29% -1%
424 29 Sharon Stl (11.20)_ 11 37 36 37 - 4
14 104 Sharpe & Dohme_ 3 10% 104 104 — %
17% 154 Shattuck F G (60c). 11 15% 15% 154— 4
44 374 Sheaffer Pen < bl % ) _ 60a 414 394 404 -14
34% 264 Shell Un Oil (a25c). 5 324 31% 31% —1%
174 124 Sliver King (b25c)_ 25 164 15% 16 — 4
58 444 Simmons Co (b50c). 9 55% 534 54 —1
55% 42 Skelly Oil 24 56 53 56
197 854 Sloss-Sheffield Stl_ 40a 176 176 176 —4
120 106 Sloss-Shcft pf (6)... 20a 105 105 105 —1
544 404 Smith (AO) _ 3 45 44 44 —1
194 164 Socony-Vac (b25c)_ 98 194 184 194 + %
11.34110 Solvay Am pf (5 4) 1 11L 111 111 -2
6% 4% Seuth Am G & P(30c 32 5 44 44 — 4
424 34 South Port Sug(t2) 10 38% 374 38% — 4
324 264 So Cal Edison tl4— 11 26% 264 264 — %
65% 424 Southern Pacific_ 74 60% 584 60 — %
43% 24 Southern Ry _ 66 40 384 40 — 4
604 47% Southern Ry pf_ 7 534 53 5,3 —2
114 9 Spalding (AG)_ 3 10 9 9 —1
94 7V« Sparks-Withing_ 14 74 74 74 — 4
36 314 Spencer Kell (1.60). 3 334 334 334 -r 4
234 194 Sperry Corp vtc(al) 28 204 194 194 — 4
334 284 Spicer Mig (ad)_ 4 304 304 304—4
60 4*4 Spicer pf A (3)_x 20s 46 454 46 — 4
284 224 Spiegel inc <b25c)_. 12 244 234 244 — V
484 414 Square D (B) b25c . 2 454 444 444 —14
164 144 Stand Brands(tSOc) 27 15 144 144
124 8% Stand Com Tobac .. 3 104 104 104 — 4
144 84 Stand Gas & K1 (d). 29 114 104 104 —4
324 25W Stand G&E *4 pf (d) 16 274 264 264 —14
65 544 Stand G&K J6 pf(d) 3 564 56 56 -14
724 60 Stand G&K J7 pf(d) 8 65 634 644 - 4
4 24 Stand In v Corp _ 1 34 34 34 — 4
60 434 Stand Oil Calif (tl). 26 464 46 464 —1.
60 444 Stand Oil ind (tl) ._ 11 474 464 464 — 4
76 674 Stand Oil N J (tl)-_ 40 714 704 714 — 4
48 344 Starrett L S(tl.40). 2 414 41', 414-14
75 65 Sterling Prod t3.80. 3 67 664 664 —14
21 174 Stewart-Warn t50c. 27 184 174 184 — 4
334 25H Stone & Web(a25c). 22 25 24 244 — 4
20 134 Studebaker Corp_ 38 174 164 174 — 4
774 68 Sun Oil (tl) _ 1 71 71 71
614 49 Superheater Co (1)- 5 51 484 50 —2
74 4-4 Superior Oil _ 23 6 4 6 4 64
474 37 Superior Steel_ 6 414 394 404 —14
394 324 Sutherland P tl.60.. 1 36 36 36 -14
284 254 Swift & Co (tl.20)_ 6 264 264 264 — 4
334 304 Swift lntl Ltd t2)._ 7 334' 324 33 — 4
234 18;l. Symington ww blOc 15 204 194 20 — 4
174 144 Symington xw blOc. 13 154 14 4 144 — 4
154 13 Talcott (J) b30c_ 1 134 134 134 - 4
154 114 Tenn Corp (aloe)_ 12 14V. 134 144 — 4
624 504 Texas Corp (2) _ 194 614 58 4 604 — 4
94 74 Texas Gulf Fr a5c _. 34 94 8". 94
44 384 Texas Gulf Sul (t2) 12 42 404 42 - 4
544 43V, Texas & Pac RE_ 1 47 47 47 —34
164 134 Tex Pac C&O blOc.. 26 154 154 154 — 4
154 114 TexasP LT (alOc). 15 134 124 124 -4
48 374 Thatcher Mfg (tl).. 2 44 43 42 -1
134 114 The Fair... 2 114 114 114 + Vi
934 874 The Fair pf (7)_ 70s 874' 874 874
134 10 Thermoid Co _ 13 104 104 104
154 114 Thompson J R t50c. 2 114 114 114
284 23 Thompson Pr b40c . 1 244 244' 244 - 4
104 64 Thompson Starrett. 1 74' 74' 74'— 4
214 19V* Tide Wat A O (60c). 20 194 194 194 -4
284 22 Timken Detroit tl . 6 24 4 234 244 - -4
79 654 Timken Roller B(3) 6 654 65 65 — 4
174 154 Transamertca t40c. 35 154 154 154 — V*
224 184 Trans Wst Air a2oc 10 184 174 174 — 4
274 19*. Transue & W(t6t»c). 1 20V, 204 204 -2
114 9 Tri-Conti (a50c). ... 14 94 94 94 — 4
12 84 Truax-Traer(b25c). 9 11 10-4 104 — V,
264 21V* Truscon Steel _ 1 23 23 23 —14
404 334 20th Cent Fox b50c. 8 374 374 374 - 4
174 124 Twin City R T_ 2 12'-, 12V, 124
264 164 Twin Coach (al.40). 18 244 234 24 —4
64 44 L'len&Co . _ 2 4". 44 44 +4
100V, 854 Und-Kll-Fisher (3). 3 904 894 894 - 4
914 63 Union Bag & P (2).. 11 894 874 88 -2
111 1014 Union Carb (3.20)__ 16 1024' 1014 1014 — 4
284 244 Union Oil Calif (1). 29 254 254 254 -4
1484 1264 Union Pacific (6) 7 145 1414 1414 -4
354 27-4 Utd Aircraft(a50c). 37 304 294 30 — 4
244 194 Utd Air Lines a20c. 15 19'* 194 194 — V,
304 26 Utd Biscuit (1.60).. 2 26". 264 264
91 79 Utd Carbon (4)_ 3 824 814 814 —14
84 64 Utd Corp (a20c)_ 71 64 6 6 -4
464 414 Utd Corp pf (3)_ 6 42 414 414+ 4
16 144 l * id Drnc (a75e) _ In IF. 144 14'. —
9% 7% Utd Klee Coal _ 27 8% 8% 8% — %
63 46% Utd Eng & Fy (t2)_. 1 56% 56% 56%
86% 80% Utd Fruit (t3) _ 4 85% 85% 85%
17 14 Utd Gas Imp (1)_ 50 14% 13% 14
113% 11014 Utd Gimp pf (5)_ 2 112 112 112 - 1%
16% 6% Utd Paperboard . 9 15% 14% 14% — %
20% 15% U S Distributee pf. 20s 15% 15%. 15%. —1%.
24% 17 U S & For'n Secur_ 11 21% 21% 21% — %
137 116 US Gypsum (12)_ 2 118% 117 117 -2%
23% 17 US Hoffman. _ 7 21% 21 21V, - %
43% 37% U S Indus Alcohol_ 16 40% 39% 39% -1
15% 6% U S Leather vtc ._ 2 12V, 12 12% — Vs
22% 13V, TJ S Leather(A)vtc. 19 20% 19% 19%-1
72% 60% U S Pipe & Fdry(3). 5 66 §5 65 -1%
19% 13% U S Realty & Imp... 13 14% 14% 14%
72% 44V, U S Rubber _ 61 69 66% 68 -2
118 92% U S Rubber 1st pf._ 6 104 102 104 -2
105 83% U S Smelting (b4)..x 8 96 94% 95 -2
75% 69 U S Smelt pf (3%)_. 1 70 70 70 -1%
126% 75 US Steel _ 295 118% 114% 115% -3
150 139% U S Steel pf (7)_ 1 145 145 145
9% 7 Unit Stk Yds (50c). 3 7%. 7% 7%
8% 6% Utd Stores (A) ._ 21 6% 5% 6%
86 75V4 Univ Leaf Tob (t3). 1 76% 76% 76% +1%
4% 3 Util Pw&Lt (A)(d). 10 3 3 3 - %
2% 1% VadseA Sales Corp .3 2 2 2
39% 28V, Vanadium Corp 26 35 33%. 34% — 1%
44% 39% Van Raalte(bR2%c) 2 41% 41 41%-%
46%. 42% VickjChemical (12), 2 43% 43 43% — %
12% 7% Va-Car Chemical 70 11%. 11 11% + %
68% 54% Va-Car Chem 6% pf 25 66% 65% 66 — %
12% 8% Va Iron Coal&Coke. 30s 10% 10% 10% + %
37 26% Va Iron C & C pf ... 40s 31 30 30 -1%
98 70 Vulcan Detin (a8)_ 10s 88 88 88 —1
10% 3% Wabash (d) 6 8% 8 8% - %
. 18% 9 Wabash pf (A) (d)_. 8 15% 14%. 14% -1%
19% 15% Waldorf Sys(tl.20). 1 16% 16% 16%-%
33 29 Walgreen Company. 11 30% 30 30% + %
49% 45% Walker (H) (2)_ 3 46% 46 46% -r %
18% 11% Walworth Co_ 92 17% 16% 16> - %
50% 42 Ward Baking (A)__. 2 45 44% 44% —2%
10% 6% Ward Baking (B)_ 13 9% 8% 8% - %
18 13% Warner Bros Piet... 31 14% 14% 14% - V,
1% % Warner-Quinlan(d) 7 1 % %
12% 6% Warren Bros (d) __ 13 9% 9% 9% — %
35V, 24 War’n Br cv pf (d).. 1 27%. 27% 27% -1
46 35% Warren Fdy&P(tl) 2 41%. 41% 41%-%
38% 31 Waukesha Mot (1). 2 32% 31% 31% -1%
*6 46 Wesson O&S (t50c) 30 53% 52% 53
102 93 West Fenn El A (7) 10s 96%. 96%. 96% +1%
100% 90 West Penn El pf(6) 30s 93 92 93 +1%. !
109 103 West Penn El pf(7) 10s 104' . 104%. 104% - %
115% 113% West Pa Pwr pf (6) x 10s 113% 113%. 113%. - %
123% 119 West Pa Pwr pf (7) x 20s 120 120 120 +1% I
11% 8% Western Maryland- 10 10% 10 10 — % ,
23% 17% Western Md 2d pf-_ 2 19 18% 18%-%
4% 2% Western Pacific 3 4% 3% 4 — %
11% 7% Western Pacific pf— 14 9% 9 9% — %
83% 70% Westn Un Tel (3)— 20 73 72 72 -1
57% 48% Westingh'se A B(l) 4 49 47% 49 -1% I
167% 135% Westingh'se El (bl) 7 139 137 138% -2%
30% 26 Weston El Inst a85c 1 26 26 26
27% 23% Westvaco Chlor (1) 1 23 23 23 - %
34% 31% Westvaco 5%pf 1% 1 32 32 32
120 114 Wheel&L E pf(5%). 10s 120 120 120 + %
65 38 Wheeling Steel_ 24 60 57 58% — 2%
33% 23% White Motor _ 27 30% 29 29% - %
18% 15% White RkMS(UO) 1 16% 16% 16%+%
6% 5% White Sewing Mach 6 5% 5% 5% — %
46% 38 White Sew Mch pf— 1 38 38 38 -1%
6% 4% Wilcox Oil & Gas_ 3 5% 5% 5%
12% 8% Wilson & Co (50c)— 34 10% 10% 10%-%
91% 79% Wilson & Co pf (6)- 2 85% 85 85 —2
65% 51% Wool worth 12.40) , 23 54 52% 53% —1% i
47 34% Worthington Pump 11 40% 38% 39%—1 j
112% 81 Worth Pumppf(A) 50s 111 107% 109% — Vi
100 77% Worth Pump pf(B) 1 94 94 94 —1
128 116 Wright Aero (al) _- 60s 115 110 110 —6
62% 49% Yale&Townef t60c) - 1 51% 51% 51% —1%
37% 20% Yellow Tr & Coach - 111 31% 30% 31% — %
46% 40 Young Spr& VV( t3). 2 41% 41 41 — %
101% 75% Ygstn S&T <b75c)— 25 92% 90% 91% -1%
40% 33 Zenith Radio (bl)-- 4 34 33% 34 — %
9% 7% Zonite Products- 6 7% 7% 7% — %
Approximate Sales of Stocks on the N. X. Stock Exchange.
1100 P.M. _ 270.000 12:00 Noon-- 840,000 I
1:00 P.M_1.040,000 2:00 P.M_ 1:260,000 j
Dividend rates as given in the above table are the annual
cash payments based on the latest Quarterly or half-yearly dec
larations
s Unit of trading less than 100 shares + Annual rate—
not Including extras. a Paid last year. b Paid this year
d Companies reported in receivership or being reorganized
x Ex dividend. \
*
STOCKS SELL OFF
Steels and Coppers Lead
Sharp Decline After Roose
velt Warning.
Stock Averages
MO 16 15 60
Indust. Rails Util. St2s
Net change.—1.8—1.0 —.3—1.2
Today, noon. 95.2 45 5 46 4 70.5
Previous day 97 0 46.5 46.7 71.7
Month ago..101 3 46 5 50.1 74.6
Year ago_ 84 8 37.2 48 3 63.8
1937 high.. 101.6 49.5 54.0 75.3
1937 low... 94.1 37 8 46.7 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 Associated Press.)
BY VICTOR EUBANK,
Associated Press Financial Writer.
j NEW YORK. April 2 — Stocks suf
fered a wide open break of 1 to 5 or
more points in today's market on the
heels of sharp presidential criticism
regarding soaring prices and produc
tion of durable goods.
Steels and coppers led the down
slide as Mr. Roosevelt, at his press
conference, pointed especially to these
industries as examples of what he in
dicated was unjustified price-hoisting.
For half an hour the ticker tape
was behind as much as four minutes.
Speculative forces, caught off guard,
dumped holdings promiscuously. The
volume dwindled later, however, and
extreme losses were reduced in many
instances before the close. Transfers
were around 1,700,000 shares.
While Rubber, copper and cotton
futures tumbled with stocks, corn at
Chicago leaped to the best levels in
the past 12 years, with May contracts
quoted at over $1 25 a bushel. Wheat
was up 1’* to 13r. Corn was ahead
1% to 4. The price of lead was low
ered $1 a ton.
In addition to his warning signal on
mounting prices in heavy industries,
the Chief Executive apparently chilled
some of the buying ardor by announc
ing the Government would attempt to
shift recovery and relief expenditures
for durable materials to consumers’
products in order to spread the na
tional inco'me more evenly.
Depressing to the financial sector
also was an early drop in U. S. Gov
ernment securities, although these
came back in the afternoon. Con
tinued upsets in the automotive field
and the walkout of 400.000 soft coal
miners pending adjustment of wage
and hour questions also tended to
accentuate market unsettlement.
NEW YORK COTTON
By the Associated Press.
NEW YORK. April 2 —Cotton eased
about $1.50 to almost $2 a bale today
under heavy liquidation influenced by
reactions at Liverpool and a general
response of the markets to the Pres
ident's discussion of the rapid rise of
durable goods prices.
July declined from 14.29 to 14.11,
and in midafternoon was 14 22, when
prices generally were 22 to 27 points
net lower.
Futures closed s-radv l!l to 23 lower.
High Low- Close.
May 14 13 14.22 14.3*
July .. 1 4 32 14 11 14.23-24
October _ 13*.7 7 13 53 13.70-71
December _ ___ 13.7M 13.5s 13.83
January 13.71 13.50 13.05
March 13.70 13.00 13.08
Scot quiet middlinc. 14.9S.
Cottonseed Oil.
Bleachable cottonseed oil futures
closed steady. May, 7.13: July. 11.22;
September, 11.24: October. 11.08b.
Sales. 72 contracts, including 4
switches, b—Bid.
New Orleans Prrtes.
NEW ORLEANS. April M (JP —Over
night announcement !haf the administra
tion would continue its sales of loan cot
ton brought a drop of In to Ml* points
on 'he New Organs marker ‘oday.
Chairman Jones of the Reconstruction
Finance Corp reported 1 s50 ooo bales of
the original 5 noo.ooo bales ot loan staple
iemained and the Government would con
tinue to sell it.
While this could have been construed
as bullish .ndicating a huge demand for
American cotton, the trade mte“preted it
the other way and prices slid ofT sharply.
May opened at 14 MO July at 14.Ml. Oc
tober at *13.70 and December at 13.73.
Cottonseed oil futures opened steady.
May lo 57b July. ln.OSb. September.
10.70b. October 10.53b.
b—Bid
-•-*
Income Improves
As Great Northern
Cuts Debt Costs
Sr the Associated Press
ST. PAUL. April 2.—The Great
Northern Railway reported today a
gain of $2,763,680 in net operating
income in 1936.
The annual repert said net oper
ating income for the year, after de
ductions for interest and other fixed
charges. wras $9,873,547.
The increase in net income re
sult*! chiefly, the report stated, from
a reduction of $1,455,103 in interest
and other fixed charges and an in
crease of $1,121,860 in income from
sources other than operation of the
Great Northern lines.
The report said that after 1937
refinancing has been completed, in
terest charges on the funded debt will
be $4,695,663 less per year than in
1933 and the net reduction in the <
funded debt since January 1, 1933,
will be $18,876,600.
BROKERS’ LOANS DROP
28 MILLIONS IN WEEK
B? the Associated Press.
The Federal Reserve Board report
ed that last week's loans to brokers and
dealers on securities held by reporting
member banks in New York City to
taled $1,092,000,000.
The week ended Wednesday and the
total represented a decrease of $28.
000,000 when compared with the pre
vious week.
Loans for the corresponding week a
year ago totaled $1,019,000,000.
NEW YORK BAR SILVER.
NEW YORK. April 2 OP).—Bar sil
ver steady and unchanged at 45>».
WELLINGTON FUND
A Living Trutt Fund
Available in units of $10.00 a month
and up.
Single deposit certificates $300.00
and up.
PROSPECTUS SENT ON REQUEST.
Wellington Foundation, Inc.
William Canby Mir.
Woodward Buildinf
National 3717

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Evening star. [volume], April 02, 1937, Page A-20, Image 20
About Evening star. [volume] (Washington, D.C.) 1854-1972