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IS 24 VEARS OLD $32,226 Deposits on 1913 Opening Day Have Grown to $7,447,605. BY EDWARD C. STONE. Completing 24 years' service to the community, the Security Savings & Commercial Bank will start its twenty-fifth year next week. The bank opened for business on the morning of April 7, 1913. at an other site but soon moved to the pres ent location at Ninth and G streets, where the headq u a r t e r s have several times been improved and enlarged. The b a n It's steady growth has been most grati fying to President Francis G. Addi son, jr., and the other officials. Deposits on the opening day to taled $32,226.32 f G Addl,on. Jr. and had grown to $7,447,605.43 on the date of the con troller's call of December 31, 1936. Julius I. Peyser, the bank's first president. Is now chairman of the Board of Directors. Mr. Addison hav ing occupied the president’s chair for several years. He is a former presi dent of the District Bankers’ Asso ciation, and is now chairman of the associations Committee on Law and Legislation. He is a former member of the executive council of the Ameri can Bankers' Association. His work for the Better Business Bureau has been outstanding and he has been a leader among the bankers in the cam paign for home renovations and im provements. On May 7, 1928, the bank estab lished a branch at 1518 K street northwest, which has proved a sub stantial addition to the institution. Sales and Collections Jump. Total net sales and collections on accounts receivable showed substan tial improvement during February for a group of manufacturers reporting to the National Association of Credit Men and Bureau of Foreign and Do mestic Commerce, a continuation of gains in sales and higher collection rates recorded in each month since January, 1916, compared with the tame month in the previous year. Total net sales of the 557 manu facturers throughout the country re porting in February, 1937, registered an increase of 25 per cent from Feb ruary, 1936. Without adjustment for aeasonal influences, February. 1937, sales registered an increase of 2.4 per cent from January of this year. The highest collection percentages Were reported by the meat packing industry, the figures for each of the three months covered exceeding 100 per cent, indicating that customers of these firms took less than 30 days on the average to pay for their purchases. The percentage of 161.3 for February, 1937. indicates that the accounts owing to these firms on February 1 were paid on an average of 18.6 days. Bank Loans Up $220,000,000. Recent statistic indicate that the Upturn in bank borrowings, which was expected by many to follow somewhat more closely upon business improve ment, now may be under way. says this week's United States Chamber of Commerce Review. Commercial loans of weekly reporting banks have shown Increases for seven consecutive weeks. The rise has been $220,000,000, or more than twice the net increase during the corresponding part of 1936. As compared with a year ago, commercial loans are up $912,000,000, or 26 per cent. Further substantial gains in home building are anticipated in the current year, unless there should develop an undue rise in construction costs. It is expected that some 425,000 dwelling units will be built, as compared with an estimated 275.000 last year. Hous ing experts figure that for the next several years the country will require more than 500,000 units to take up the shortage and to provide for new fam ilies, the review states. Deposits in Startling Rise. In a study of the 150 largest banks In the English-speaking world, which the California Bank, Los Angeles, makes annually, a remarkable growth in deposits during the recovery period is revealed. There are now 136 insti tutions with deposits exceeding $100, 000,000, as compared wdth 122 last jjear and 81 in 1933. A study of the history of these 150 American. British. Colonial and Do minion banks discloses that 44 banks, or about 30 per cent of the list, are 100 years or more of age, 29 being British and 15 American. The oldest bank in the group is the British insti tution, Coutts Ac Co., founded in 1692, flmost a century before the founding In 1784 of the Bank of New York Ac Trust Co., the oldest American bank on the list. The Riggs National Bank of this eity Is among those listed as having over $100,000,000 in deposits. Al though a different type of bank from the others, the Federal Reserve Bank of New York is given as the biggest bank in the English-speaking world, with deposits of $3,183,684,000, with Midland, London, second, and Chase National, third. Store Changes Boost Sales. James W. Carkner, who has been re-elected president of Loft, Inc., which has five stores in Washington, reported to the directors that the recently instituted program of re habilitation and modernization of Loft stores indicates sales gains in ■uch stores ranging from 20 to 60 per cent over comparative periods last year. This program is being pushed rapidly, he said, and will affect many more stores before the end of 1937. President Carkner also announced revision of the pricing system and curtailment of operating expenses, which, he believes, will mean a sub stantially better showing in the com pany's 1937 operations. Big Road Outlays Planned. Tentative allocations for mainte nance and construction of primary and secondary roads in Virginia during the 1937-8 fiscal year call for a total expenditure of $18,623,322, Henry G. Shirley, highway commissioner, an nounced. The amount is $2,135,933 more than was expended during the present fiscal year, which ends June 30. West Virginia Highway Commission Will have approximately $11,843,000 available for maintenance and con struction of primary and secondary roads for thet fiscal year starting July 1. The total is approximately $1,750, 000 more than was available this year. Commissioner Burr H. Simpson said the commission is counting on $2,863,000 for primary road main^ fenanoe. TRANSACTIONS ON THE NEW YORK STOCK EXCHANGE By Private Wira Direct te The Star. Prev 1937 Stock and Bale*— Net High. Low Dividend Rate. Add 00. Hlth. Low. Cloae. chge. 65 60% Abbott Lab (tl.60). 1 62 62 62 + % 80% 63% Acme Steel (4) - 2 78% 78% 78%+ % 22% 15 Adams fclxp <a56o)-. 6 20% 20% 20%+ % 36 31*4 Addressograph (1). 2 31% 31% 31% —1% 4% 3 Advance Rumley 3 3 3 3 — % 80% 70*4 Air Reduction ftl). 2 71% 71 71%+% 16*4 14V4 Alaska Jun (t60o)_ 61 14% 13% 18% — % 6% 3% Alleghany Corp___ 24 4% 4% 4% + % 59*4 43% Alleg pf ww ISO_ 8 63% 52% 53%+1% 68% 43 Alleghany pf xw__ 1 52 52 52 —1% 62% 41% Alleg Corp pr pf__ 1 45 46 45 45% 36% Alleg Steel (b40c)— 6 41% 41% 41% 83% 25% Allied Mills ib5UC>. 2 26% 26% 26%+% 21% 16% Allied Stores <b20c) 23 18% 18% 18% + % 83% 63V4 Allis-Chalm (b50c>. 8 66 66 66 + % 39*4 30% Alpha Port Cmt (1). 2 32% 32 32 -2% 8% 4% Antal Leather __ 3 7% 7V4 7% + % 114% 101 Amerada Corp (2).. 2 106*« 106% 106% + % 101% 83 Am Ag Chm Del bl.. 1 95 95 95 +3 41% 28% Am Bank Note (tl). 2 28% 28% 28% 75% 60 Am Bk Note pf (3). 10c 60 60 60 80% 61% Am Brake Sh 4+2) .. 1 62% 62% 62% 1% 1% Am Bra Sh rts Ap 15 62 1% 1ft 1ft izi Am can (T«) — a 1U8 108 I(t8 + to 71 56 Am Car & Foundry. 4 62 61% 62 + to 104% 92% Am Car & Fy pf(.b4) 6 97% 96% 96% +1% 23% 13% Am Colortype .. 6 20 19% 20 + Vi 30% 26% Am Cornel Al»50c._ 16 30 29% 29%+% 99% 94% Am Crya S lat pf «.. 90* 96 96 95 13% 8% Am Encaustic ... 6 11% 11% 11%+% 17 13 Am European Sec... 6 13% 13% 13V* — % 13% 7% Am & Foreign Pwr_. 19 11% 10% 11 + % 21 18 Am Hawaiian,(1) .. 18 20% 20 20 + Vs 11% 6% Am Hide* Leather. 10 10% 9% 10 62% 46% Am Home Pr t2.40_. 1 47% 47% 47%-% 4% 2% Am Ice 6 4% 4 4 17V* 13% Am Interntl (a40c). 14 16% 16 16% - Vs 125 114 Am Loco pf (a3) ... 1114 114 114 -1 29% 22% Am Mach & F (tl).. 4 24% 24% 24V* + % 13% 11 Am Mach* Met 60c 2 11 11 11 68% 50% Am Metals 11 62% 60?i 60V* -1% 75 62 Am News (N Y) (3) 60* 70 70 70 16% 11% Am Power* Light.. 16 11% 11% 11% + Vi 72% 66% Am Pw & Lt pf (6).. 1 57% 57% 57% +1 ,87% 66 Am Pw & Lt pf <6)_. 2 681* 67% 68% +1 29% 24% Am Radiator t60c._ 8 24V* 24% 24%-% 45V* 33% Am Roll Mill tl.20.. 24 40% 39% 40% + % 29 23% Am Seating (a2V4). 2 24% 24% 24% + V* 58 41 Am Shipbldg (2)... 10* 52 52 52 -% 105% 88% Am Smelt & Ref(3) 39 94 92% 92% - Vi 107 105 Am Sm & Ref pf(6) 2 106% 106V* 106% 154 143 Am Sm & Ref pf(7). 2 145% 145 145 +1 73% 57% Am Steel F (bBOc).. 3 61% 61% 61% +1% 26% 21% Am Stores (2) __ 2 22 22 22 187 168% Am Tel & Tel (9)._. 4 171% 171 171% +1% 99 78% Am Tobacco (5) ... 3 82 81% 82 +1 99% 80% Am Tobacco B (5).. 3 84% 84 84 + Vi 150% 128', Am Tobacco pf (6).. 2 135 136 135 +% 20% 16V* Am Type Founders. 3 16% 16% 16% + % 29% 22% Ain Water VV (80c). 11 23 22% 22%+% 14% 9% Am Woolen ... 3 11% 11% 11%+ % 79 64 Am Woolen pf (bl). 2 71V* 71 71 + % 1% % Atn Writ Paper (d)_ 36 1 % % — % 9% 4% Am Writ Pap pf (d) 14 6 4% 4% - % 20 6% Am Zinc & Lead . . 6 16% 16% 16% + % 69% 52% Anaconda Cop (tl) 81 62V, 61V* 62 97 83 Anaconda Wire (+2) 1 86 85 85 +2 25*, 18 Anchor Cap (60c).. 8 21% 21% 21% — % 13% 7 Armour(111) bl6c .. 22 11% 11% 11%-% 70% 59% Armstrong Cork(2) 3 64% 64 64 — V* 16% 14 Arnold Cnst b62%c. 1 14 14 14 24% 19% Assoc Dry Goods ._ 1 19% 19% 19% 87% 69% Atch T & S Fe(s2).. 14 81% 80V* 81% +2 104 100% Atch T & S F pf<5). 8 101% 101% 101% + to 55to 44% Atl Coast Line(al). 4 49% 48% 49V* + % 37 30% Atl Relining (tl)... 12 34% 34% 34V* + % 18% 16% Atlas Corp (80c)... 24 17% 17% 17% 52% 50'-.-Atlas Corp pf (3)... 2 51% 51% 51% + % 94 72% Atlas Pwdr (h75c).. 1 81 81 81 +1 133 125 Atlas Pwdr pf (5).. 100* 126 125% 126 36% 28% Auburn Auto __ 1 29% 29% 29% 9% 6% Aviation Corp Del.. 119 8% 8% 8% — % 11% 8 Baldwin Loco (d> 3 8% 8% 8% — 120 86% Baldwin Locopf(d) 2 110 108 110 +3 9% 7% Baldwin asd (d) 3 7% 7% 7% 40% 20% Baltimore & Ohio 44 37% 37 37%+ % 47% 33% Baltimore & Oh pf.. 2 42V, 41% 42V* -r % 110+105 Bangor & A pf (5)_10s 106 106 106 43% 35% Barber Co (a75c)__. 8 40% 39% 39%+ % 32 25", Barker Bros _ 3 29 28% 29 + % 35V, 26% Barnsdall (1) 43 33% 32V* 33 + % 20% 16% Bayuk Cigar t75c .. 27 17% 17 17 + % 15% 13 Belding Hemin (1). 3 13% 13 13 — % 30% 24% Bendix Avia(b25c> 7 25 24% 26 + % 23% 20% Benef Ind Ln (b95c) 7 21% 21% 21%+ ", 62% 56 Best & Co (t2 %) 1 58v, 58% 58% + % 105% 73 Bethlehem (al%)_ 37 97% 96V, 96V, +1 38 30 Black & Deck b50c„ 1 32 32 32 + % 29% 22% Blaw Knox <b20c)__ 13 27% 26% 27%+ % 49% 33% Boeing Airplane 5 40%.. 40 40%. + % 48V, 41 Bohn Alum & B(3)_. 1 43% 43% 43% 28 26% Borden Co (1.60)_ 6 20% 26V, 26V, - % 83% 72V, Borg-Warner (4)_ 3 80 80 80 15", 8% Boston & Maine ... 1 13% 13% 13% + % 23V* 16% Bridgept Brss(60e_. 1 19% 19% 19% + Vi 59% 45% Briggs Mfg (t2) 13 48 47% 48 + V, 53% 43% Briggs & Strat (3)_ 1 46 46 46 - % 47 41% Bristol-Myrs T2.40.. 2 41% 41% 41%+ Vs 53 40 Bklyn-Man Tr (4).. 4 41 40% 41 102% 97 Bklyn-Man T pf (6). 1 97 97 97 8 5%. Bklyn & Queens_ 11 5% 5% 5% — % 38% 25% Bkn & Q T pf (3)_ 7 25% 25% 25% 52% 38V, Bklyn Un Gas (3)_ 4 28% 38'. 38% + '4 50 45% Brown Shoe (31_ 2 46 45Ts 46 + % 24% 20V* Brunswick-Balke_ 10 22 21% 22 + ?* 25V* 19% Bucyrus-Erie _ 9 20% 19V, 19% 14% 11% Budd (EG) Mfg_ 6 11% 11% 11% 13 9% Budd \Vheel(a20c)_. 1 9Vs 9% 9% 35% 30% Burr Add M (80c)... 4 31 31 31 + % 36v* 29'/, Butler pf (1%) ... 3 33 33 33 +V* 18V* 13% Butler Bros (bl5c). 1 16% 16% 16% 9V* 5% Butte Cop & Z(a5c> - 2 7 6% 7 + V* 6V» 2% Callahan Zinc-Lead 26 5 4% 5 + ', 20% 15 CHlumet&Hecla (1) 8 16% 16% 16% - % 37% 30", Campbell Wy (tl).. 2 32% 32V, 32V, 38V* 27'% Canada Dry G Ale._ 14 34% 33% 34V* + % 17% 14 Canadian Pacific 13 14% 14% 14% + % 52V* 50 Cap Adm pf (A) (3) 20, 51 51 51 + % S% 7 Carriers & Gen (b6c) 6 7% 7% 7% 100 85% Caterpillar Tr (+2)_ 3 92 91", 92 36% 26% Celanese (b75c) .. 41 34% 34% 34%+% 82%. 76 Celotex Corp pf (5) _ 20, 78 77 77 — % 39', 33% Cent Aguire (UV4). 1 35 35 35 12% 8% Central Foundry 21 9% 9% 9% — % 41", 30 Central R R of N J-. 3 31% 31V. 31%— ", 24", 17 Cent Violeta Sug... 2 17% 17 17% — % 86% 67% Cerro de Pasco (4). 13 79 78 78 23% 16% Certain-teed Prd 1 17% 17% 17%+% 82 67% Certain-teed pf (6). 190, 71% 69% 69%—2% 58", 35% Champ Paper (1) 2 54V* 54 54V* + % 111 108", Champ Paper pf (6). 40, 109% 109% 109% + % 90% 78% Chesapeake Crp(3). 5 82% 81 82 +2", 68% 57% Ches & Ohio t2.80__. 53 61% 59% 61% +2% 4", 2% Chi & East III (d)_ 14 4 4 4 2% Chi Grt West (d)_ 2 3% 3% 3% 18% 13% Chi Grt West pf (d) 2 15 15 15 11% 8% Chi Ind & L pf (d).. 30, 9 9 9 - % 3% 2 Chi Mil St P&P (d)_ 5 2% 2% 2% - % 7% 4% Chi M St P&P pf(d) 11 6% 5% 6 6% 3% Chi & N W (d) 4 5% 5 5% + % 33 23 Chi Pneumatic Tool 1 27% 27% 27% + V* 3% 2% Chi P. 1 & Pac (d) 1 3% 3% 3% 10% 6% Chi RI&P 7 % pf(d). 6 8 7% 8 + % 22% 18% Chicasha Cot Oil_ 1 18% 18% 18%+ % 15% 12% Childs Co 1 12% 12% 12%-% 80 46% Chile Copper (1)_ 20« 67 67 67 -1 135% 110% Chrysler <bl%)_ 65 122% 121% 121% + % 92 85 City Ice & F pf 6 % _ 50* 89% 89% 89%+ % 10% 8% City Stores . _ 7 9 8% 9 + % 38% 32% Clark Equip(tl.60)_ 1 33 33 33 + % 98% 78 Cluett Peabody (3). 1 91 91 91 170% 122% Coca-Cola <t2) ... 1 169% 169% 169% 25% 19% Colgate-P-P(t50c). 9 24 23% 24 112% 108% Collins & Aik pf (5). 30* 109 109 109 61% 43 Col Fuel * Iron(bl) 2 43% 43% 43% -1 30 24 Colo & South 1st pf . 20* 25 25 25 20% 15 Columb G & El (40c) 29 16% 15 15%-% 69% 56% Cornel Credit (t4)._ 9 58% 58 58 80% 66 Cornel Inv T 4 + 4)_ 1 66% 66% 66% + V* 21% 17% Cornel Solv (t60c)._ 22 17% 17% 17%+% . 4% 3 Comw & Southern.. 43 3% 3 3% 75% 55% Comw & Sou pf<3)__ 2 57 67 57 45% 36% Congoleum-Nrn(2)_ 1 41 41 41 + % 95 87 ConCprpf ww 6%. 20* 87 87 87 49% 39% Cons Edis N Y(t2)_ 22 39% 39% 39%—% 18% 15 Cons Film pf <a2)__ 5 15% 14% 15%+ % 17% 15% Cons Oil (80c) 227 17% 17% 17%+% 1% % Cons Textile (d)_ 11 1% 1 l 12% 8% Cons CoaKDeDvtc 16 12V* 11% 11% + % 51 33 Cons Coal Del vtc pf 350* 49% 48% 49% +4% 32% 20% Container Corp 1.20 9 31% 31% 31%+ % 37% 27% Conti Baking (A)... 3 31 30% 31 5% 3 Conti Baking (B)__. 16 4% 4% 4% + % 69% 59% Conti Can (3) 1 59% 59% 69%+ % 25% 20'% Conti Diamond (2). 3 21% 21% 21%—% 42% 38% Conti Insur (tl.60). 1 38% 38% 38%+% 3% 2% Conti MotorB _ 6 3 3 3 45% 40% Conti Oil Del (tl)._ 102 45% 44% 45%+1% 35% 26% Conti Steel (b50c)._ 2 32 32 32 71% 65 Corn Prod Ref (13)_. 2 66% 66 66 —1% 10% 6 Coty Inc - 6 8% 8% 8% + % 56% 46 Crane Co 4 51 60% 60% — % 37 29% Cream of Wheat(2). 8 29% 29% 29%+ % 28% 21% Crosley Radio al%. 2 23% 23% 23%-% 100% 71% Crown Cork & S(2). 10 77 74% 76 +1% 24% 17 Crown Zeller(new). 68 22% 22% 22%—% 101% 99 Cr'n Zell cum pf(7). 2 101% 101 101%+% 81% 51 Crucible Steel _ 1 74% 74% 74% 14% 10 Cuban-Am Sugar_ 8 11% 11 11% + % 43 39% Cudahy Pkg (2%).. 1 40 40 40 + % 20% 15% Curtis Publishing.. 4 16% 16 16 109% 97% Curtis Pub pf (7)_ 2 97 96% 97 — % 8% 6% Curtiss-Wright _ 33 7 6% 6% - % 23% 19% Curtiss-W (A)a50c- 6 20 19% 20 + % 135% 104% Deere & Co. 8 125 122 126 +2% 31% 29% Deere * Co pf 1.40.. 1 29% 29% 29%-% 29 22 Delsel-Wem-O(tl). 4 26% 26 26% + % 58% 42% Delaware * Hudson 12 51% 50 60 —1 24% 17% Del Lack* West 7 20% 20% 20% 40% 36% Diamond Mpf(tl%) 2 36% 36% 36% 29 24% Distil Corp Sea*_ 7 26% 26% 26% 51 45 Dome Mines (t2)_ 26 45% 46 45 -% 77% 60 Douglas Aircraft_ 4 60% 60 60%+% 8% 6% Dunhill Internatl__ 2 6% 6% 6% 180% 166 Du Pont (b75c) 8 159% 159 159%+% 17 11% Eastern Roll Mills .. 4 14% 14% 14%+% 175% 159 Eastman Kodak(6). 1 163 163 163 163 150 Eastman Kod pf(«) 20* 150 150 150 37% 32 Eaton Mf*(t2)_ £32% 32% 32%+% 16 11% Eitington-Schild... 10 14% 14% 14% + M Prev 1937 Stock and Bales— Net High. Low Dividend Rate. Add 00. Htch. Low. Close, chge. 29 23% El Paso Nat 61.60.. 2 26 26 25 46% 38% Eleo Auto Lt t2.40_. S 40 39% 40 + % 1« 12 Eleo Boat (a60c)_ 11 12% 12% 12% 7% 6% Elec&Mus 1 (al8c). 9 6% 6% 5% 26% 21% Elec Pow & Light 17 23% 22% 22% - % 44% 40% Elec Storage Bat. (2) 2 40% 40% 40% — % 2 1% Elk Horn Coal (d)._ 3 1% 1% 1% + % 8 5% Elk Horn Cl pf (d)„ 1 6% 6% 6% 9% 7% Equitable Office B._ 4 7% 7% 7% 23% 18% Erie RR _ 12 20% 20% 20%-% 36% 26% Erie R R 1st pf_ 4 30 29% 30 14% 12% Eureka Vac (80c)_ 1 12% 12% 12% - % 6% 3% Fairbanks Co.. 100s 4 4 4 — % 11% 8% Federal Motor(40c) 2 9% 9% 9% 11% 6% Fed Screw Works... 1 8% 8% 8% 6 4% Fed Water Svo A__ 1 6 5 5 + % 43% 36% Fed'd Dept Str<2)._. 1 38 38 38 +% 108% 101% Fed'd D S cu pf 4 % _ 2 102 101 101 -% 41% 32% Firestone T&R (2). 2 38 37% 37%-% 52% 46% First Natl Strs t2% 1 47 47 47 +% 46% 38% Flintkote Co (1) ... 2 40% 40% 40%+ % 57% 47% Food Machine (1)_ 6 68 57 68 +2 64% 48 Foster-Wheeler_- 3 50 60 60 +1 18% 12% Francisco Sugar — 1 14% 14% 14% — % 32% 26% Freeport Sulph (1). 1 28% 28% 28% + % 48% 35 Fuller Co 2d pf_ 10s 35% 35% 35%+% 19). 16% Gar Wood (a55c)_ 4 16% lb% 16%-% 16% 12% Gen Am Inv(a75e).. 2 13% 13% 13%-% 19% 16% Gen Baking (t60c)„ 4 16 16% 15%-% 14 10% Gen Bronze_ 4 10*4 10% 10% 32% 26% Gen Cable_ 9 29% 29% 29% 65 64 Gen Cable (A)_ 1 59% 69% 69% + % 126% 114% Gen Cable pf (a7)_.. 1 122% 122% 122% 64% 52% Gen Electric (b40c). 18 56% 66% 56%-% 44% 39% Gen Foods (2) ... 8 42% 42 42 3% 2% Gen Gas* EleciA). 4 2% 2% 2% 124 117% Gen Mills pf (6) ... 10s 119 119 119 +1% 70% 60% Gen Motors(b25c)— 94 61% 60% 61% + % 122% 115% Gen Motors pf<5)... 1 116% 116% 116% + % 19 17 Gen Print Ink new_ 2 17 17 17 6% 4% Gen Pub Service_ 2 4% 4% 4% % 66% 61% Gen Ry Signal (1) — 2 52 52 52 + % 5% 4% Gen Realty & Util— 8 4% 4% 4% + % 48% 39 Gen Realty & U pf — 2 42 41% 42 70% 60% Gen Refract (a3%). 1 62% 62% 62%+% 33% 28 Gen Thea Eq(b25c). 2 29 29 29 -1 43% 37 Gen Time lnv(tl)— 1 39 39 39 + % 20% 15% Gillette S Raz (tl).. 11 17% 17% 17% + V* 29% 20% Gimbel Bros . — 6 25% 26 25% + % 90% 83% Gimbel Bros pf(6).. 1 88 88 88 51% 43% Glidden Co (2)_ 1 45 45 45 -% 6% 5%Uobel (Adolf) _ 2 5% 5% 5% + % 50%. 31 Goodrich' BF) (al). 10 46% 46% 46% 87% 79% Goodrich pf (5) ... 2 85% 85% 85%+ % 47% 27% Goodyear (bDOc)_ 82 43% 42% 43% 4% 3 Oraham-Palge _ 4 3% 3% 3% + % 15^ 6% Granby Cone (new). 3 10% 10% 10% — % 5% 3% Grand Union ctfs . 5 4% 4 4% 47% 42 Grant (WT) (tl.40) 2 45 44% 44%+% 55% 40% Grt Northern pf . 13 5(1% 60 60 — % 28% 19 Grt N'orthn Ore (1). 22 26% 25% 26 + % 42% 35 Grt West Sug t2.40_ 2 36% 36% 36% + % 39% 34 Green H L (tl.60)2 34% 34 34 - V* 16% 14% Greyhound (t80c)_. 6 14** 14% 14% 4% 3 Guantanamo Sug__ l 3% 3% 3% — % 59 40 Guantanamo pf ... 30s 61% 50 50 —2 36 32% Hack W pf A (1%) 100s 33% 33 33 -% 20% 13% Hall W F Print ... 4 17% 17% 17% + % 68% 50% Harb-Walker <t2) 1 53% 53% 53% 140 129 Harb-Walker pf (6) 10s 133 133 133 17% 14% Hat Corp of Am 80c 2 13% 13% 13% —1% 8 5% Hayes Body 5 6% 6 6 109% 101 Hazel Atlas G1 (t5). 1 103% 103% 103% + % 15% 13% Hecker Prod (60c).. 8 13% 13% 13% + % 111 102% Hershey Ch pf(t4). 2 106% 106 106%+ % 52% 47 Holland Fur(al>4)- 1 47% 47% 47% — % 120% 106% Holland Fur pf<5) .. 60s 107 107 107 +1% 30% 21 Hollander & Son(l). 5 28% 28% 28%-% 43% 31% Holly Sugar (t2)... 3 33% 33% 33% 431 355 Homestake (tl2) _ 70s 400 397 397 -3 41 37 Houd-Hersh A(2 %) 1 37% 37% 37% —1 27% 22% Houd-Her B itl% > 6 22% 22% 22% 94 90% Househ'ld Fin pf (5) 1 92 92 92 -*-l 17% 12% Houston Oil vtc — 14 14% 14% 14% -r % 90% 62% Howe Sound (13)_ 4 83% 82% 831. + % 23% 18% Hudson Motor__ 20 21% 21 21% — % 2% 1% Hupp Motors - 7 2 1% 1% i 38 22% Illinois Central - 14 34% 33% 34 + H i 22% 12% Indian Retin tal)_ 1 17'. 17% 17% + % 42 36% Indus Rayon (2) ... 36 41% 41 41% + % 144 130% Ingersoli Rand(t2). 1 133 133 133 —1 j 131% 112'% Inland Steel (4) .. 6 115 114 114 —2% i 33% 22% Inspiration Cop 25 28 27% 27% — •* 18% 10% Inter Rap Tr vtc(d) 4 10** 10% 10** + % 11% 4% Intercontl Rubber.. 19 9% 9% 9% — % 28'. 16% Interlake Iron - 27 25% 25% 25% + % 9 5 lntl Agricultural— 26 8% 8% 8% - % | 59% 42 lntl Agricul pr pf... 11 56% 54 56'. -r 2% ; 189 159% Inti Bus Mach(t6).. 1 162*, 162% 162% -t 2% 1 111". 101 lntl Harvester(2%) 2 104% 103% 103V* —1 16% 8% lntl Hydro El A .. 79 15% 15% 15% — % 14% 6% lntl Mercantile M... 12 14% 13% 13% — % 18% 14% lntl Mining la'JOc)-. 1 14% 14% 14% - % I 73% 62v. Inti Nickel (b50c).. 22 68% 67% 68 -r 1 23% 16% lntl Paper (A)- 14 22% 22% 22% — % 17% 10% lntl Paper (B)- 3 17 16% 16% 8% 5% lntl Paper (C)- 61 8% 8% 8% — % ! 119% 90% lntl Paper pf - 19 118% 117' . 117% + % 53% 41 lntl Print Ink ( + 2).. 1 54% 54% 54% +1 I 57% 48 lntl Ry C Am pf A.. 60s 51% 51 51 -% 52 31% lntl Silver -- 5 44% 43% 43% —IV. 110 90 [ntl Silver pf (a4)— 60s 101% 101 101 —1 15% 11% lntl Tel & Tel _ 6 12% 12% 12% ! 29 25% Island Creek (2)_ 3 28% 28 28V* + % 155 134 Johns-Manv < + 3) .. 6 140 139 140 126 120 Johns-Mansv pf (7) 10s 125% 125% 125% 136 123 Jon&L 7 75 pf (bl % ) 100s 125% 124 124 -1 29 20 Kans City South .. 4 26% 26 26 + % 35 28% Kaufmann (tl.60).. 1 32 32 32 — % 19% 15 Kelsey-H B (al%). 3 15% 15% 15% 69% 56% Kennecott (b50c) 57 61% 60% 61% + % 201. 17V* Keystone S&W b30c 3 18% 18% 18% 46 39% Kimberly Clark(l). 3 41% 40% 40% 9% 5% Kinney (G R) Co— 3 8'. 8% 8% + V* 71 47% Kinney pf (al) _ 250s 68 66% 67 -r 1 29% 24'* Kresge S S (b30e) . 1 25 25 25 + % 24% 22 Kroger Groc (tl.60) 9 23 22% 23 + % 27% 21 Laclede Gas (St L). 10s 20% 20% 20% — % 24 18% Lambert Co (2)- 1 20% 20% 20% + % 27% 17 Lee Rubber (50c)... 1 25% 25% 25% — % 51% 38% Leh Port Cmt 1% .. 5 43 43 43 —1% 3** 2% Lehigh Valley Coal. 4 2** 2% 2% + % 18% 13V* Lehigh Val Coal pf. 3 14% 14% 14% -rl i 24% 17V* Lehigh Valley R R— 2 20% 20% 20% + % 137 118 Lehman Corp (t3).. 1 125 125 125 21% 18 Lehn & Flnk(al %). 2 19 18% 18% — % 79 67% Llbbev-O-F (b75c). 4 70% 70 70% +1% 15% 9% Libby McN & L(al). 3 14 13% 14 28% 25% Life Saver (tl.60).. 1 26% 26% 26%+ V* ! 114 100% Ligg & Myers B t4.. 3 101% 101% 101** + % I 23 21% Lily Tulip (tl % )— 3 22% 22% 22%+% 83% 59 Lima Locomotive —. 3 72% 71 72% +2% 53% 43% Liquid Carb (2.60).. 2 50 50 50 -1 ! 81% 64% Loew's Inc ( + 2)- 10 79% 78% 79 — % 3% 2% Loft Inc 4 3% 3V* 3% + % 75V* 56 Lone Star Crat b75c o-s t>-5 10% 6% Long-Bell Lnmhl A) 13 9% 9% 9% — % 28% 22% Lorlllard P r + 1.20). 2 23% 23% 23% — % 28% 19% Lou Gas & Elec (A). 1 22 22 22 99 88V* Louis & Nash b2%- 2 90 90 90 - % 41% 29V* Ludlum Steel (tl).. 7 37% 37 37 + % 36 30% McCall Corp (t2).— 3 31% 31 31 — % 24% 18V* McCrory Stores . 2 19% 19% 19% + V* 28% 23% McGraw H P b27%c 1 23 23 23 - V* 42% 38 McIntyre Porcu(2) 8 39% 39% 39% — V* 42% 40% McKeesp't Tin Plate 6 41 41 41 16% 12% McKesson & Rob . 19 15% 14% 15 19 16 McLellon St (b75c). 1 16 16 16 62% 42% Mack Trucks (tl)— 6 56% 55% 56 — % 58% 50% Macy (RH) <t2) .. 4 62V* 52 52 — % 15% 11% Madison Sq G(80c). 1 13 13 13 63 53 Magma Copper (2).. 1 57 67 57 + % 7% 5 Manati Sugar (d)... 2 7 6% 7 + % 30 20 Manati Sug pf (d)_. 60» 25 23% 25 16% 14 Mandel Bros (bl)_. 1 15% 15% ^5% + % 6% 4% Maracaibo Oil Exp.. 3 5% 5% 5% + % 14% 10% Marine Mid (t40c) . 9 12 11% 12 6% 4% Market St Ry 2d pf 50s 5 5 5 30% 18% Marshall Field- 3 27% 27% 27%-% 13% 9 Martin-Parry- 2 11% 10% 11% + % 74 60 Masonite (tl)- 1 61% 61% 61% 41% 36 Mathieson Alk(l%) 2 37 37 37 15% 12 Maytag Co (a50c).. 1 12% 12% 12%+% 111 106% Maytag 1st pf (6)... 40s 108 108 108 — % 33% 25% Mead Corp -- 24 28% 27% 28% +1% 86% 77 Melville Shoe f15) _. 4 76% 76% 76% — % 16% llHMeneelCo - % 13% 13% 13%+ % 41 36% Merch&Min (tl.60). 20s 37 37 37 -1 72% 59 Mesta Mach (bl%). 3 67% 67% 67% — % 26V* 16% Miami Copper .. 21 21% 20% 21% — % 36% 29V* Mid-Cont Pet al.15. 19 33% 32% 33 122 116% Midld Stl 1st pf (8). 10« 118 118 118 +1 120 102 Minn-Hon Ros (2).. 1112 112 112 — 1 Vi 16% 11 Minn Moline Pow . 9 14V. 14% 14%+ % 6% 6 M St P&S S M Is In 10s 5% 5% 5% — % 33% 26% Mission Corp (a45c) 11 33:* 32% 33% +1% 34% 24% Mo Ivans & Tex pf A 7 30% 30% 30%+% 6% 3 Mo Pacific (d) ... 1 5% 5% 5% — % 12% 7 Mo Pacific pf (d)— 4 10% 10% 10% 101 89 Monsanto Chm(tl). 5 90 90 90 —1% 69 531J Montg Ward (t2)... 41 60% 59% 60%-% 3% 1% Mothe Lode al2%c_. 20 2% 2 2% 38% 31% Motor Prod <t2) - 1 32% 32% 32%+% 26 21% Motor Wheel(1.60). 3 22% 22% 22%+% 54 41% Mueller Brass (tl). 1 47% 47% 47% — Vi 39% 31 Mullins B (a50c) — 2 35 35 35 + % 99% 91% Mullins pf (7) ... 30s 96% 96 96 —1 36% 27% Munsingwear (3) 1 30% 30% 30% + % 108% 106 Murphy G C pf (5).. 20s 103% 103% 103% - % 20% 15% Murray Corp(aSOc). 6 16% 16V* 16%+ % 24% 17% Nash Kelv (1) —. 19 22 21% 22 +% 24 18% Natl Acme (a75c)— 7 21 21 21 33% 29% Natl Biscuit (1.60). 16 29% 29% 29% 33% 27 Natl Bond & In 1.44. 1 27% 27% 27% -1 38% 29% Natl Cash Reg (D — 9 34% 33% 34%+% 26% 23% Natl Dairy Prd 1.20. 17 24% 24 24 — % 24% 17% Natl Dept Stores — 7 21 20% 21 10% 7% Natl Dept Strs pf... 100» 8% 8% 8% + % 36 27% Natl Dlstlllers(t*)- 14 33% 33% 33% 44 33% Natl Lead (t50c) .. 6 38% 37% 37%-1 160 144 Natl Lead pf B (6) 100s 147% 147% 147% 61% 48% Natl Mall & S C b50c 1 50 50 50 -1 14% 11% Natl Pw & Lt (60c). 4 11% 11 11% 1 % Natl Ry Mex 2d pf— 1 % % % + % 94% 70 Natl Steel (t2%)— 6 85 84% 84% 91% 62 Natl Supply Co . 6 89% 89% 89% +1% 129% 121% Natl Supply pf a3% 1 126 126 126 13% 11% Natomas (t80c) . 1 12 12 12 41% 33% Newport lnd(b50c). S 34% 34% 34%+ % 65% 4<|^nN Y Central_ 78 50% 49I|(. 50% — % 72 41 N T Chi & St I*- 4 69% 68 1 68 -1 Prev 1937 Stock and Sales— Net High. Low. Dividend Rate. Add 00. High. Low. Clo»g. chge. 100 83 N Y Chi 4 St L pf— 4 91% 91 91 + % 12% 8 NY Dock . . 60s 9% 9 9% 9% 5%NYNH&H(d)_ 2 7% 7V. 7% + % 26% 16% NY NH & H pf (d)_ 2 19% 19% 19%-% 16% 11% N Y Shipbuilding— 3 12% 12% 12%+% 17% 13% North Am Aviation. 17 14% 14% 14% + % 34% 26 North Am Co(h30c) 13 26% 25% 25%+% 36% 27% Northern Pacific ... 13 32% 31% 32 6% 3% Norwalk Tire & R._ 3 6% 6 6 - % 40 28% Norwalk Tire pf_ 20a 37% 37% 37% - % 22% 17% Ohio Oil (a80c). 43 22% 22% 22%+% 65% 63'/. Oliver Farm Equip. 2 61 60% 60% 26% 18% Omnibus Corp vto_ 13 20% 19% 20% +1% 19% 13% Oppenheim Collins.. 1 16 16 16 + % 45% 35% Otis Kiev (60c). 5 37% 37% 37%+% 24% 16% Otis Steel . _ 17 21% 20% 21%-"% 28 22% Outboard M (b30c). 1 23% 23% 23% - V* 200 150 Owens-Ill G1 (6) .. 1 183 183 183 -1% 23 19% Pac Am Fish 4 + 1.20) 2 20% 20% 20%-% 15% 11% Pacific Coast 20* 11% 11% 11%-- % 40 25% Pacific Coast 1st pf. 20» 33 33 33 — % 38 31% Pac Gas & Elec (2). 2 31% 31% 31%+% 53% 43'% Pac Lighting (3)_ 2 44% 44% 44% 44% 34% Pac Mills (b50c> _. 2 39 39 39 +2% 29 22% Pac West 011Ca65c). 3 27% 27% 27% + % 12% 10% Tackard Mot (bl5c) 25 10% 10% 10% + % 17% 11% Tan Am Pet (a60c). 2 14% 14% 14% 41% 4% 2% Panhandle P& R.._ 2 3% 3% 3% 88% 60 Panhandle P&R pf.. 10» 75 75 75 41 28% 22% Paramount Pic _ 22 25% 24% 24% — % 200% 161 Paramnt 1st pf (6)_. 1 175 175 176 26% 20% Paramnt 2d pf 60c.. 12 22% 22% 22% 8'4 4% Park Utah . 25 5% 5% 5% — % 44% 38 Parke Davis (bl)__ 1 38% 38% 38% 7% 5% Parmelee Trans_ 1 6% 5% 6% + % 10% 8% Pathe Film Corp_ 1 8% 8% 8% - % 23% 14% Patino Mines!t60c). 5 19% 19 19%+ % 7% 3% Peerless Corp ._ 12 6% 6% 6% 64 60% Penlck & Ford(t3).. 4 50% 50% 50%+ Vi 103% 97 Penney J 0(4) ... 2 99% 99% 99%+ % 6% 4% Penn Coal & Coke_ 6 6% 6 6% + % 12% 7% Tenn Dixie Cement. 4 9% 9% 9% + % 60% 39% Penn Railroad (a2). 20 47% 46% 47% + % 65% 48% Peoples Gas Chi — 1 61% 51% 61%+ % 21% 17% Petr Corp Am a90c.. 26 2iy* 20% 21%+ % 13% 10% Pfeiffer Brew(l.20). 7 11 10% 11 +% 59% 50% Phelps Dodge bS5c.. 13 62% 52 52 - % 7% 5% Phila Rap Tr (d). ._ 30« 6 6 6 3% 1% Phila* Read C&I 9 1% 1% 1% + % 84% 71% Philip Morris(b3%) 2 71% 71% 71% - % 58'. 49'. Phillips Petrol (2).. 74 -58% 57 58% +2 9% 6% rhoenix Hosiery_ 1 7% 7% 7% + Vi 20% 16% Pierce Oil pf - 9 20% 20 20 33% 28% Pi lisburT Flour 1.60 2 30% 3UVi 30% 18't 13*4 Pittsburgh Coal . 1 15% 15% 15% + 1% ! 19b 175 Tilts FW&C pf (7) 30s 174% 174% 174% - •% 20 13% Pitts Screw&B bl5c 6 17V* 17% 17% — %■ 43 24% Pitts Steel _ 3 36% 36% 36% + Vi 4 2% Pitts Term Coal_ 1 3 3 3 8% 3% Pitts United . _ 1 6% 6% 6% + % 28% 24% Plymouth Oil (tl).. 17 28% 27% 27%+% 33% 25% Poor & Co (B) — 1 27 27 27 - % 11% 7% Porto R Am Tob A.. 3 8% 8 8 + % 3% 2% Porto R Am Tob B.. 12% 2% 2% 15% 10% Postal Tel&C pf(d). 1 11% 11% 11%+% 31% 25 Pressed Steel Car .. 10 26% 25% 26% +1 31 25% Press Stl 1st pf 25c. 1 26 26 26 + % 86 67 Press Stl 2d pf 2%.. 1 69 69 69 +1 65% 55% Troctor & Gam(t2). 3 60 59% 59%-% 52% 43 Pub Svc N J (2.60)_. 6 44% 44% 44% 140% 127% Pub Svc N J pf (7).. 2 128 128 128 +% 72% 60% Pullman Inc (1%).. 2 61% 61% 61% — % 24% 19% Pure Oil 70 21 20% 21 + % 112% 108 Pure Oil 8 % pf _ 10s 110% 110% 110% 23% 18% Purity Bak (60c)_ 5 19% 19% 19% + %| 12% 10% Radio Corp ... 39 11 10% 10% - %: 80 74% Radio pf A (3%) . 2 74% 74% 74% 9% 7% Radlo-Keith-Or (d) 29 8% 8% 8% — % 37% 31 Ravbestos M (tlH) 2 31% 31% 31% + % 1 47 39% Reading RR (2) - 3 40 40 40 - %} 22% 18% Reliable Str (a50c). 1 18% 18% 18% — % 29% 21% Rem-Rand ( + 60c).. 14 25 24 25 - % 9% 5 Reo Motor Car_ 27 7% 7% 7% — % 47% 27% Republic Steel_ 108 44% 43% 44 + % 48% 33% Revere Copper_ 6 45 44% 45 — % 30% 25% Reynolds Met (tl) 1 25% 25% 25% — % 58 50% Reynolds Tob B (3) 8 62% 52 52% — % 9% 7 Rutland R P> pf 2 6% 6% 6% — % 103 97% Safeway Strs pf (5). 50« 102% 102% 102% 65 43% St Joseph Ld(b50c) 1 66 56 56 — % 11% 6% St L-San Fr pf (d).. 1 8% 8% 8% 27% 14% Savage Arm (al) 1 24% 24% 24% — % 51% 42% Schenley Dist(b75c) 1 48 48 48 + % 3'* 2 Schulte R Strs (d). 6 2% 2% 2% 23% 17 Schulte R S pf (d) . 2 20% 20 20 -% 2% 1% Seaboard Air L (d). 15 1% 1% 1% 8% 6 Seaboard A L pf(d) 4 6% 6% 6% — % 51% 40% Seaboard Oil (1) .. 60 53% 52% 53% +1% 95% 81 Sears Roebuck (3).. 16 88% 87% 88 — % 34 28 Servel Inc (tl) - 3 29% 29% 29% + % 42% 29 Sharon Stl (tl.20)_. 2 36% 36% 36% — % 14 10% Sharpe & Dohme ... 3 10% 10% 10% -r %i 17% 15% Shattuck F G (60c). 4 15% 15% 15% + % i 34% 26% Shell Un Oil (a25c). 29 32% 31% 32% +1 I 105% 102 Shell Un Oil pf 5%.. 1 103% 103% 103% - % j 17% 12% Silver King (b25c).. 8 16% 16 16Vi + % 68 44% Simmons Co (b50c). 2 54% 54% 54% + %• 4% 3% Simms Petrol_ 29 4% 4 4% — % j 56 42 Skelly Oil _ 20 58% 56% 58% - 2% j 197 85'i Sloss-Sheffield Stl— 50» 177 177 177 +1 j 29% 23 Snider Pkg (bl%)._ 1 23% 23% 23% — % 19% 16% Snronv-Vac (b25c) 169 19% 19% 19% + % 6% 4% South Am G & P(30c 4 4% 4% 4% 42% 34 South Port Sug< + 2) 11 39% 39 39%+ % 32% 26% So Cal Edison tl % — 6 26% 26 26%+ V* . 65% 42% Southern I’aclfic_ 8 60% 60 60% + % 43% 24 Southern Ry _ 26 40% 39% 40% + % 60% 47% Southern Ry pf_ 8 53*4 53% 53% + % 77% 68% Spalding 1st pf_ 10» 75 75 76 9% 7Vi Sparks-Withing ... 3 7% 7% 7% 23*4 19% Sperry Corp vtc(al) 10 20 19% 20 + % 33% 28% Spicer Mfg (a3) — 7 32% 31 32% +2 28% 22% Spiegel Inc (b25c).. 9 24% 24 34% -r V* 16% 14% Stand Brands! tSOc) 8 15 14% 14% 12% 8% Stand Com Tobac_ 5 10% IOV4 10% + % Prev 1037 Stock and Sales—• Net High. Low. Dividend Rate. Add 00. High. Low. Close, chge. 14* 8* Stand Gaa & El (d). 11 10* 10+ 10* 32* 25* Stand G&E »4pf(d) 2 27* 27* 27*+* 50 43Vi Stand Oil Caltt(U)- 16 47 46* 46++* 50 44* Stand Oil Ind (tl)— 20 47* 46* 46*+* 76 67+ Stand Oil N J (tl)-- 15 71* 71 71*-* 75 65 Sterling Prod t3.80. 4 66* 66* 66++* 21 17* Stewart-Warn t50c. 4 18* 18+ 18* - * 17* 15* Stokely Broa (tl)-- 1 15* 15* 15*+* 33* 25* Stone & Web(a2oc). 12 24* 24* 24++* 20 13* Studebaker Corp__ 29 17* 17 17* 77* 68 Sun Oil (tl)_ 3 71 71 71 7* 4* Superior Oil_ 21 6* 6* 6* 39* 32* Sutherland Ptl *0.. 1 36* 36* 36*+* 28* 25* Swift & Co (11.20>__ 4 26* 26* 26* - * 33* 30* Swift Inti Ltd (2).. 8 32* 32* 32*-* 23* 18* Symington ww blOo 6 20 19* 20 15* 11* Tenn Corp (alBc)_ 7 14* 14* 14*+* 62* 50* Texas Corp (2)_ 74 61+ 61+ 61*+* 9* 7* Texas Gulf Pr a5c39 9+ 9* 9* 44 38*TexasGulf Sul <t*) 16 41* 41* 41+ - * 54* 43* Texas & Pac R R. — 2 49* 49* 49* +2* 16* 13* Tex Pac C&O blOc._ 140 16* 15+ 16*+* 15+ 11* Texas P L T (410c). 26 13* 13+ 13+ + * 13'a 10 Thermoid Co_ 5 10+ 10* 10+ 8* 5* Third Aveaue_ 1 6+ 5* 5+ — * 28* 23 Thompson Pr b40c- 2 24* 24+ 24* 10* 6* Thompson Starrett. 3 7+ 7* 7* + Vi 21* 19* Tide Wat A O (60c). 29 19+ 19* 19*+* 28* 22 Timken Detroit tl-- 7 24* 24 24 - * 79 65 Timken Roller B(3) 14 65 64 64 -1 17* 15* Transamerica t40c. 17 15* 15* 15+ — * 22* 17* Trans Wst Air a25o. 4 17* 17* 17*-* 27* 19* Transue & W(t60c). 2 21 20+ 20*+* 11* 9 Tri-Conti (a60c) ... 22 9* 9* 9* + * 12 8* Truax-Traer(b25c). 7 11V. 11* 11++% 40* 33* 20th Cent Fox b50c. 4 37* 37* 37*-* 17V, 12Vi Twin City R T ... 2 12* 12* 12* + * 94 78 Twin C R T pf al4 . 10» 76 76 76 -2 26* 16* Twin Coach (al.40). 1 23* 23* 23* - Vi 6* 4* Ulen & Co . 1 4* 4* 4* - * 100* 86* Und-EU-FIsher (3). 2 88* 88V, 88* -1 91* 63 Union Bag & P (2).. 3 87* 87 87*-* 111 101* Union Carb (3.20)_ 14 102y. 101* 101+ 28* 24* Union Oil Calif (1). 6 26 25+ 26 + * 148+ 126* Union Pacific (6)-.. 5 145 144 144 +2* 31* 26* Union Tnk Car 1.60. 2 29 29 29 36* 27* Utd Aircraft(a50c). 10 30* 30* 30*+* 24* 19+ Utd Air Lines a20c_. 4 19* 19* 19+ — Vi 91 79 Utd Carbon (4)_ 6 82* 81* 82* + H 8* 6 Utd Corp (a20c)_ 74 6* 6 6 46* 41* Utd Corp pf (3)_ 2 41* 41* 41*— + 16 14* Utd Drug <a7oc)_ 6 14", 14+ 14+ 9* 7* Utd Elec Coal_ 15 8* 8* 8* + * 86* 80* Utd Fruit <T3)_ 1 85V* 85* 85* - V* 17 13* Utd Gas Imp (1)_ 25 14 14 14 16* 6* Utd Paperboard . 1 14* 14* 14* 20* 15* U S Distributing pf. 10s 16 16 16 + * 24* 17 L’ S & For’n Secur — 4 21* 21 21 — * 137 116 US Gypsum (+2) .. 2 118* 118* 118* +1* 172 162 U S Gypsum pf (7). 30a 165 164* 165 43* 37* U S Indus Alcohol_ 8 40* 40* 40* + * 15* 6* U S Leather vtc ... 1 12+ 12+ 12*+ * 22+ 13* TJ S Leather(A) vtc. 2 20 19+ 20 + * 72* 60* U S Pipe & Fdry(3). 3 66 66 66 tl 19* 13+ U S Realty & Imp... 4 14* 14* 14* 72+ 44* US Rubber. 19 68+ 66* 66* -lVi 118 92* U S Rubber 1st pf... 13 105 104* 105 +1 105 83V, U S Smelting (b4)_. 1 95* 95* 95* -r * 126* 75 US Steel _ 90 117* 115* 117* -1 + 9* 7 Unit Stk Yds (50c). 41 8* 7* 8+ -r * 8+ 5* Utd Stores (A) .. 4 6* 6+ 6* 4* 3 Util Pw&Lt <A)(d). 3 3+ 3 3 2* 1* Vadsco Sales Corp.. 2 2 1* 1*— * 39+ 28* Vanadium Corp_ 15 36 34+ 34* + * 46* 42* Vick Chemical (t2). 2 4.3 43 43 -* 12+ 7* Va-Car Chemical - 160 12 11* 11* - * 68* 54+ Va-Car Chem 6% pf 52 69* 66* 69 -r3 12* 8* Va Iron Coal&Coke. 100* 10* 10* 10* — Vi 10* 3* Wabash (d) .... 5 8* 8* 8* + + 18+ 9 Wabash pf (A)(d).. 4 15 14* 14+ - + 19* 15* Waldorf Systtl.20). 1 16+ 16* 16*+* 33 29 Walgreen Company. 2 30+ 30* 30*— * 18* 11* Walworth Co _ 15 17 16* 16*+ * 10* 6* Ward Baking (B)._. 1 9 9 9 -r * 18 13* Warner Bros Plct... 15 14* 14* 14*— * 1* * Warner-Qulnlan(d) 12 * * * 12V, 6+ Warren Bros (d) . 2 10* 10 10* + + 9* 6* Webster Eisenlohr. 8 7* 7 7* -r + 56 46 Wesson O&S (toOc) 1 53 53 53 100* 90 West Penn El pf (6) lOOi 93 93 93 109 103 West Penn El pf<7) 10a 105* 105* 105* +1 123*119 West Pa Pwr pf (7) 50s 120 120 120 11* 8* Western Maryland. 1 10* 10* 10* + * 4* 2* Western Pacific _ 1 3* 3* 3* — * 83* 70* VVestn Un Tel «3)_ 1 72*- 72* 72* t * 57* 47V, Westlngb'se A B( 1) 9 48* 48V. 48*-* 167+ 135* Westingh'se El (bl) 6 142 139 142 -3* 30* 26 Weston El Insta85c 1 25* 25* 25* — * 37* 36Vi Weston Elec(A)(2) 20s 37* 37* 37*- + 34* 31* Westvaco SCoPf 1* 1 31* 31’, 31*-* 65 38 Wheeling Steel_ 10 59* 58* 58* t * 33+ 23* White Motor _ 9 29* 29* 29* - V. 18* 15* White Rk M S(1.40) 2 16* 16* 16* 6* 4* Wilcox Oil & Gas .. 2 5+ 5* 6+ 12* 8* Wilson & Co (50c).. 20 10* 10+ 10* + Vi 91* 79* Wilson & Co pf (6). 1 86 86 86 -el 65+ 51* Woolworth (2.40) . 8 63* 5.3 53* - * 47 34* Worthington Pump. 3 40 39* 39* + * 112* 81 Worth Pump pftA). 10s 109* 109* 109* 76 68* Wrlgley W jr (t3)._ 2 70* 70 70 + * 62* 49* Yale&Towne(t80c). 1 51 51 51 — * 37+ 20* Yellow Tr & Coach.. 34 31* 31* 31*+ + 46+ 40 Young Spr&W(t3). 2 41 40* 40* — Vi 101* 76* Ygstn S&T <b75c)_ 9 92 91*. 91* 40v, 33 Zenith Radio (bl).. 2 34 34 34 9Vi 7* Zonite Products_ 2 7* 7* 7* + * Approximate Sales ol Stocks on the N. Y. Stock Exchange. 11:00 P.M_ 300.000 12:00 Moon_. 640,000 Dividend rstes 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 tAnnual rate— not including extras. a Paid last year. b Paid this year d Companies reported in receivership or being reorganised x Ex dividend INVESTING COMPANIES NEW YORK. April :i '/Pi.—New York Security Dealers' Association. Bid. Asked. I Admin Fd 2nd Inc—.-- 19.53 20.78 i Am Business Shrs 1.*-, 1.40 Am Gen Eq Inc - l ift 1-8 Am Ins Stock -- ft.25 636) Bancamer Blair --- 10.87ft 11.8*5 Bank Group Shrs - 1.9* -12 Bankers Nat Inv Corp.-.. j 3.875 4.50 Basic Industry _> - 6."it ~ Broad St Inv __30 42 . 8 Bullock Fund _*.-- 23.125 24.8/0 Corporate Trust 3.03 Corporate Trust A A- 2.88 - Corp Tr A A mod - 3.72 - Corp Tr Accum Ser- 2.88 — _ Corp Tr Acc mod-- 3.*2 Cumulative Tr Sh ... 6.55 - Depos Bk Sh N Y ••A”— 2.70 - Depos Ins Shrs "A' __ 3.54 - Depos Ins Shrs “B"-- 3.35 - Diversified Tr C _ 5 25 - Dividend Shrs - 2.08 2.23 Equity Corp $3 pf-39.7ft 42./ft Fidelity Fund Inc - 28.57 30./ * First Boston Corp-3H.125 3*.t>*~5 Fixed Trust Sh A-13.57 -- Fixed Trust Sh B-11.31 Found Tr Sh A -- 5.06 ft.35 Fund Investors Inc_ 24.83 26.22 Fund Tr Shrs A _ 8.40 7.13 Fund Tr Shrs B _ 6.88 Gen Investors Tr —- /.13 *./P Group Sec Agriculture __ 1.91 2.0/ Group Sec Automobile- 1.50 1.63 Group Sec Building 2.28 2.46 Group Sec Chemical- 1.6- 1./6 Group Sec Food - 1.04 1.14 Oroup Sec Invest 8hrs- 1.81 3.9t» Group Sec Merchandise — 1.50 1.63 Oroup Sec Mining - 1.84 1.99 Group Sec Petroleum- 1.54 1.6, Group Sec R R Equip- 1.65 A T!! Group Sec Steel - -.22 -.40 Group Sec Tobacco - 110 l.~o Huron Holding - . 1—5 Incorp Investors 26.42 Insurance Group Shrs- 1.66 l./J* Investors Fd “C” Inc 3 6 2/ JJ—JJ Keyston Cust Fund B-3._ 22.77 24.95 Major Shrs Corp - 3.25 - - - Maryland Fund -10.-1 11-18 Mass Invest Tr--9.38 31.17 Mutual Invest -17*24 !?.84 Nation Wide Sec- 4.73 4.83 Nation Wide Voting_ 2.16 2.32 N Y Bk Tr Shrs , -- ,4.25 - North Am Bond Tr ctfs _ 58.875 63.125 Nor Am Tr Shares - 2.77 Nor Am Tr Sh 1955 - 3.69 - Nor Am Tr Sh 1956- 3.52 - Nor Am Tr Sh 1958- 3.32 Plymouth Fund Inc --96 «A‘!?1 Quarterly Income Sh_ 3 8.66 20.44 Selected Am Sh - 4.25 ^ o r ^ Selected Am Sh Inc - 15 59 16.99 Selected Cumul Sh-10.88 Selected Income Sh - 5.66 . Spencer Trask Fund- 22.07 22. ,5 Stand Am Tr Shrs- 4.30 4.55 Stand Util Inc - .95 1.03 Super of Am Tr A - 4.18 - Super of Am Tr A A- 2.81 - Super of Am Tr B - 4.35 - Super of Am Tr B B- 2.81 -- Super of Am Tr C -— 8.14 - Super of Am Tr D-,8.14 - - Supervised Shrs -- 15 04 36.34 Trusteed Am Bk ‘"B .97 1.0* aa,lnS>Sh.r!.:: aoiso Ait FEDERAL LAND BANKS NEW YORK. April 3 OP).—Federal Land Bank bonds: , . Bid. Asked. 4%s Nov.. 1968-38- 194% 105% 4'/,s May, 1957-37-100% 100% 4s May. 1968-38-- 103% 103% 4s Nov., 1957-37- 101% 10~% 4s July. 194H-44- 107 107% 3%s May. 1055-45- 100 100% 3s July. 1955-45- 38% £2!',4 3s Jan., 1950-40_ •gji »9 % 3s May. 1960-46- 981/. 99V. DOLLAR GOES DOWN IN LONDON DEALINGS By the Associated Preu. LONDON, April 3.—The United States dollar lost 5-16 cent In foreign exchange transactions today, closing at 4.89 13-16 to the pound, compared with an overnight New York rate of $4.89%. French francs were quoted at 106.34 to the pound when dealings ended, compared with 106.38 yesterday. Security Offerings Show Sharp Drop From 1936 Level hy the Associated Press. NEW YORK. April 3.—New securi ty offerings for current week were larger than the previous week, but small In comparison with the record for the corresponding 1936 period. A compilation by Poor’s Publishing C. placed the total financing at $39, 304,882, against $30.021,47r for the week ended March 25. The gain was accounted for by Panhandle Eastern Pipe Line Co.’s $24,000,000 bond issue. New Offerings in the same week last year amounted to $201,112,149. Type of offerings and comparisons follow; This Wk. Prev Wk Municipal_*11.421.000 $22,143,000 Industrial _24.000.000 _ Railroad _ 3.150.000 __ Stock 2,733.882 8.878.000 Public utility__ 1.000.000 NEW YORK COTTON By the Associated Press. NEW YORK. April 3—Cotton futures opened steady, 2 to 4 higher, on improved Liverpool cables, partly offset by liquidation and foreign sell ing. May, 14.42; July, 14.28; October. 13.73; December, 13.66; January, 13.68; March, 13.71. Nervousness was still In evidence regarding future policies of the ad ministration on rising commodity prices. The Far East was an out standing seller in initial transactions while other offerings came fore Liver pool and the continent There was also scattered liquidation and hedge selling. The trade and commission houses were the best buyers and after the accumulation of selling orders had been absorbed the pressure tapered off and prices rallied a few points. July recovered from 14.26 to 14.33 and was at the best after the first half hour when prices generally showed net gains of 5 to 10 points. The under tone continued nervous, however, and the volume lessened. Sales of cotton goods for the week were limited. Clear weather was reported over'the South. Liverpool advanced on trade and Egyptian buying with contracts scarce. Future! closed steady. 7 to 11 higher. High. Low. Last. May _14.48 14.42 14.46 July _ 14.34 14.26 14.30-32 October _13.81 13.73 13.78 December_ 13.75 13.64 13.74 January _ 13.76 13.68 13.73 March _13.71 13.71 13.77n Spot steady: middling. 15.06. n—Nominal. Cottonseed OH. Bleachable cottonseed oil futures closed steady. May, 11.15b; July, 11.22b; September, 11.24: October, 11.09. Sales, 14 contracts. b—Bid. West Penn Electric Co —1936 class A share earnings *ere $63.68 against $51.59. T INSURANCE STOCKS NEW YORK April 3 </P).—New York Security Dealers Association: Bid. Asked. Aetna Cas (2a) 103% 107% Aetna Ins (1.60) _ 47% 49% Aetna Life <.80a)___ 29% 31% Am Eqult (1.60) -_ 42 4.> Am Ins Newark <%a) _ 12% 14% Am Reins 43% 45% Am Reserve (la)_ 30% 32% Am Surety (2%> _ 58% 60% Automobile <la) _ 31% 33% Balt Amer (.20a)_ 7% 8% Carolina (1.30) _ 27 % 28% City of N Y (1.20)_ 27% 29 Conn Gen Life (.80)_ 5* 39% Contin Cas (1.20)_ 29% 31% Fid A Dep (la)_130 135 Firemen’s Nwk _ 12% 13% Frank Fire (la)_ 29% 31% Gen Reinsur (2) _ 47% 49% Glen Falls (1.60) _ 44 46 Olobe & Rep (.80)_ 21% 23% Globe & Rut _ 68 70% Great Amer (la) _ 26% 28 Hanover (1.60) _ 35 37 Hartford Fire (2)_ 68% 70% Home Fire Sec _ 5% 7 Home Ins (la) _ 37% 39% Homestead (1)_ 18% 20% Maryland Cas_ 6% Lincoln Fire _ 4% 5% Mass Bond (3%) _ 60 63 Natl Fire (2) 62% 64% Natl Liberty (.20a) _ 9% ll N Hampshire (1.60)_ 43% 44% N Y Fire <.80r> __ 22% 25 Nor River <45r) _ 20% 28 Phoenix (2a > 89% 93% Prov Wash (1) 36% 38% St Paul Fire (6) _ 205 210 Springfield <4%a) _ 123% 126% Sun Life (3%g) _ 715 765 Travelers <16) _ 468 478 TJ S Fire (2) _ 53 55 Westchester (1.20a) ... 33% 35% a—Also extrp or extras. t—Declared or paid so far this year. DIVIDENDS ANNOUNCED NEW YORK. April 3.— Dividends de clared (prepared by the Standard Statis tics Corp.): Resumed. Pe- 8tk. of Pay Rate. riod. record, able Atlantic Coast Fisher 35c 4-7 4-15 Regular. American Screw 20c Q 3-19 4-1 Buckeye StI Castings 25c Q 4-21 5-1 Do. pr pf Sl.«2Vj Q 4-21 5-1 Do 697 pf $1.50 Q 4-21 3-1 Chicago June Rwys Ac Union Stk Yds $2.25 Q 4-1 4-1 Do. 697 pf $1.50 Q 3-15 4-1 Employers' Gr Assoc.25c Q 4-1H 4-39 Eyr-Eyter $1 part A 25c Q .3-31 4-15 Investors' Tel 25c 6-11 6-25 Kalamazoo Allegan A Orand Rapid RR $2.95 8 3-15 4-1 Lowell Elec Lt 90c 3-31 4-13 Metropolitan St Whse 59c Q 4-15 5-1 Pac Guano h Eertillz 79c Q 3-24 3-31 Pantex Pressing Ma $« pf $1.50 Q 3-20 4-1 Pantex Pressing Ma chine $6 pf $1.50 Q 3-20 4-1 Amer Cities PwrAc Light conv. "A” IXI 75c 4-10 5-1 Mass Pwr As Light pf 50c Q 4-7 4-15 Walgren 59c Q 4-15 5-1 FOREIGN MARKETS. LIVERPOOL. April 3 (4*—Wheat futures closed firm. 1 *4d to 2V«d above the previous close with May contract at a new high for the season. Yesterday’s strength in North American markets and Buenos Aires influenced trading as well as confirmation of large Argentine wheat purchases for Spain. United Kingdom miller demand improved. Cotton advanced on trade calling, short covering and Egyptian buying and closed very steady. H to 7 higher. Contracts were scarce following recent liquidation. However. President Roosevelt’s views on commodity prices created a cautious atti tude. IT. S. TREASURY POSITION. By the Associated Press. The position of the Treasury on April 1: Receipts, $00,805,841.44: expendi tures, $60,568,000.78; balance. $1,810. 065.242.43; customs receipts for the month. $1,530,571.28 Receipts for the fiscal year fsince July 11, *3,740.428.265.04: expenditures. $5. 585 272.270.37. Including $2,141,062, 564.67 of emergency expenditures; excess of expenditures. $1.844.*44.013.43: gross debt. $34,772,671,790.08. an increase of $44,427,253.67 ovif the previous day: gold assets, $11.573^47.406.87. including $342,611,947.52 of Inactive gold. STOCKS IMPROVE FRACTIONS TO 12 Selective Recoveries Halt Selling in Exceptionally Quiet Dealings. Stock Averages 30 16 15 60 Indust. Rails. Util Stks Net change, -r.3 -t-.6 +.1 +.3 Today, close 96.0 46.4 46 5 71.1 Prev. day.. 95.7 45.8 46.4 70 8 Month ago. 101.5 47.4 50.3 75.0 Year ago... 85.6 37 6 48.6 64.3 1937 high.. 101.6 49.5 54.0 75.3 1937 low... 94.1 37.8 46.4 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 Writar. NEW YORK, April 3 —Selling dried up in today’s brief stock market ses sion and selective recoveries of frac tions to 2 points or more prevailed in exceptionally quiet dealings. Further improvement in United States Government securities, evacua tion of Chevrolet sit-downers, signing of a wage-hour agreement in the 60ft coal industry, and belief an amicable conclusion of the Chrysler union nego tiations is Imminent helped to bring in mild support for the list. At the same time many issues were unable to get very far in front and there was an assortment of losers at the close. Oils and specialties, with a few steels, motors and rails, pointed upward. Coppers and rubbers were virtually neglected. Wall Street appeared to be still under the influence of administrative frowns on mounting costs of durable goods, but yesterday's shock seemed to have worn off to an appreciable ex tent Transfers were around 700,000 shares. Share? on the upside most of the time included Skelly Oil. Texas Corp., Seaboard Oil, Phillips Petroleum, Con tinental Oil, Standard Oil of Indiana, Shell Union Oil, United States Steel. Bethlehem. Republic, Chrysler, General Motors. Deere, Westinghouse, Santa Fe, Pennsylvania, Chesapeake & Ohio, Omnibus Corp., Crown Cork, Inter national Nickel and Cerro de Pasco. Slipping a shade either way were United States Rubber, Goodyear, Goodrich, Anaconda. Kennecott. Amer ican Smelting. Standard Oil of New Jersey. Douglas Aircraft, Consolidated Edison, North American, Electric Power & Light, New York Central, Southern Pacific. Great Northern, General Electric, Boeing and Mont gomery Ward, Backward were Monsanto Chemical, Jonns-Manville, Sears-Roebuck, Wool ! worth, National Lead and Lone Star Cement. TRADING IS ACTIVE ON WOOL MARKET — Faster Pace Set During Week, Especially in West, Reports Commercial Bulletin. By the Associated Press. BOSTON, April 3—The Commer j cial Bulletin says today: “The wool market is brisker, espe cially in the West, where new clip purchases have become more gen eral. Ordinary to choice French combing clips are fetching 30 to 33 cents and the choicest fine staple clips all the way from 35 to 38 cents in Texas, while bright medium fleeces are quoted at 37 to 40 cents to the grower, according to the wool. “In the local market there is some demand, mostly for foreign wools, which are in chief supply, at prices which are fully firm as compared with a week ago. “Foreign markets have been mostly closed but very firm this week. "Manufacturers are finding new business rather slow, usually h$ve three to four months’ orders ahead. “Mohair is very firm. As high as 73 cents has been paid in Texas for adult Spring hair.” -% ...... - , , CHICAGO PRODUCE. CHICAGO. April 3 —Poultry, live, seven trucks, steady; prices unchanged Butter. ?.99« easy prices unchanged. Eggs. •Jo.SSU. steady; prices unchanged. OFFICE EQUIPMENT WE SELL, BUY OR EXCHANGE Desks Steel Files Tables Steel Cabinets Chairs Safes BAUM’S FURNITURE HOUSE 1416 Eye Si. N.W. Phiine NA. 2184 Second Trust Notes We will buy monthly payment deferred purchase money second trust notes, secured on owner-occupied dwellings in D C and nearby Md. A Va Union Finance Co. 916 Woodward Bldg NAtl 7936 REAL ESTATE LOANS RESIDENCE and SMALL BUSINESS PROPERTIES. FRED T. NESBIT 1010 VERMONT AVE DISTRICT B3B« Money for Construction Loans and Loans on Improved Properties Prevailing Rates FIRST DEED OF TRUST ONIY GEORGE 1.B0RGER 643 Indiana Are. N.W. Nat’l 0350 Jj% INTEREST CONSTRUCTION LOANS AND STRAIGHT 3-yr. LOANS Prompt Action on Applications Real Estate Mortgage & Guaranty Corporation 1610 K St. fffV. NAtL 140S