Evening star. [volume] (Washington, D.C.) 1854-1972, April 09, 1937, Image 16

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Evening star. [volume], April 09, 1937, Page A-16, Image 16
About Evening star. [volume] (Washington, D.C.) 1854-1972

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Evening star. [volume] (Washington, D.C.), 09 April 1937. Chronicling America: Historic American Newspapers. Lib. of Congress. <https://chroniclingamerica.loc.gov/lccn/sn83045462/1937-04-09/ed-1/seq-16/>

Newspaper Page Text

ME CONTINUES
SMV ADVANCE
Bad Weather and Labor
Troubles Fail to Halt
General Trend.
Bj the Associated Press.
NEW YORK, April 9—Some
branches of business struck a more
leisurely pace this week, but the
vagaries of weather nor labor unrest
modified in a pronounced manner the
forward movement, Dun ii Bradstreet
said today in the review of business.
"Deterrent influences restricted the
demand for some types of merchan
dise," the agency said, “but the trend
of retail distribution continued up
ward. Slackness appeared in several
branches of the wholesale market, due
to the small proportion of recorders,
but buying of Summer goods pro
ceeded actively.
“Buoyed by growing backlogs, indus
trial operations were undiminished, I
except at centers where, strike condi
tions prevailed."
The review estimated retail sales j
for the country as a whole at from
2 to 4 per cent ahead of the week 1
preceding and from 6 to 12 per cent
better than at this time last year,
despite the fact that the final surge
of Easter shopping was stepping retail
tales along at this time in 1936.
Percentage gains over a year ago in
the major geographic regions were:
New England, 8 to 16; East. 4 to 25;
Middle West, 10 to 15; Northwest, 12
to 20; South, 15 to 22; Southwest, 10
to 20, and Pacific Coast, 10 to 18.
Although business in women’s wear
was slower than had been expected at
some centers, a brisk demand was re
ported for a long list of seasonable
merchandise, particularly yard goods,
which was featured prominently by
stores. Housewares were in ready call
in all centers.
A feature of the wholesale markets
was the rapid moving out of building
materials as a result of favorable
weather for construction in most sec
tions. Plumbing fixtures, paint, wall
paper and electrical supplies were j
especially active.
MARCH FLOUR OUTPUT
SHOWS SLIGHT GAIN
•y the Associated Press.
NEW YORK, April 9.—General
Mills announced that flour milled in
March totaled 5,409.950 barrels. This
compared with 5,407,271 in March,
1930.
Since June 30, 1936, a total of
49.430,266 barrels of flour have been
milled, against 49,326,465 in 1935-36
period.
-•
FOREIGN MARKETS.
LONDON. April 9 —The .stock mar
ket was Quiet and liquidation continued,
especially in the mining group. Selling
orders predominated in other sections of
the list and prices were generally lower.
Rubber shares were in supply, while oils
and foreign bonds held steady Trans
Atlantic issues finished lower,
Paris trading was confused in the
Bourse today over the monetary uncer
tainty and the sharp break in the French
francs. Rentes closed with net gains of
35 to 65 centimes. Suez Canal was up
300 francs and Royal Dutch advanced 65
francs. Banking shares were also higher.
U. S. TREASURY POSITION.
By the Associated Press.
The position of the Treasury on April 7:
Receipts. $125,349,009,40; expenditures.
$82,351,126.11; balance $1,844,21 1.
194.19; customs receipts for the month.
$1 1.254.921.28.
Receipts for the fiscal year (since July
1‘. $3,850,044,338.62; expenditures. $5.
# 29.694.421.79. including $2,190,757.
441.60 of emergency expenditures; excess
of expenditures. $1.879.650.083.1",: gross
debt. $34,827,829,563.06. an increase of
$46,364,554.03 over the previous day Gold
Assets. $11,592,468,848.93. including $361.
223.446.90 of inactive gold
RUBBER FUTURES.
NEW YORK. April 9 (JP>.—Crude rubber
futures opened easy. 15 to 65 lower. May.
24.59-63, July. 24.50-75; September.
24.35-53.
PHILADELPHIA PRODUCE,
PHILADELPHIA. April fl i/P<.—Live
•oultry—Broilers, fancy. Plymouth Rock, t
medium stsed, 22a23.
Dressed poultry unchenaed.
Washington Exchange
SALES.
Washington Gas 5s 1958—$1,000 at
106.
Washington Rwy. <& Elec. 4s—$1,000
at 105, $1,000 at 105.
Potomac Electric Power 5'/2% pfd.—10
at 112, 10 at 112, 10 at 112.
Washington Rwy. & Elec. pfd.—5 at
109.
Riggs Bank common—2 at 340.
AFTER CALL.
Washington Rwy. & Elec. 4s—$1,000
at 105, $1,000 at 105, $1,000 at 105,
$1,000 at 105.
Washington Rwy. & Elec, pfd—5 at
109.
Bid and Asked Prices.
BONDS.
PUBLIC UTILITY.
, _ , „ _ , Bid. Asked.
Amer, Tel. & Tel. 4%s_luo
Anacostia & Pot. 5s__ 7fi 77%
Ana. A Pot. Guar. 5s _108
C. & P. Tel. of Va. os __ j.03
Capital Traction R. R. 6s _ 93 93Y
City & Suburban 5s _ __ 84 87'
Georgetown Gas 1st 5s_ 113
Put. Elec. Pow 3%s_ 99%
Wash. Gas 5s 1958_1(18 108%
Wash. Gas 5s 1980 117
Wash. Rwy. & Elec. 4s_ 105 108 ”
MISCELLANEOUS.
Col. Country Club. 5%s_105
W. M. Cold Storage os 100 _
STOCKS.
PUBLIC UTILITY.
Amer. Tel. & Tel. C»)_*168
Capital Transit Co. . _ 14 143,.
N, & w. Steamboat (6) __ 110
Pot. Elec. Pow. «'7 pfd (0) l]"1,
Po. EJ. Po. 5V* Pf. (5.50) _ 112
Wash. Gas Lt. Co. (3.60) _ 81 Va
Wash. Ry. & El. com. (36)- 730
Wash. Ry. & El. old. (5)-_ 108
BANK AND TRUST COMPANY
Amer. Sec. & Tr. Co. «e8)__*295 3U5
Bank ot Bethesda (h.?5>__ :t4
Capital 14) -_ 137
Com. & Savings (10)_III 210
Liberty (4> _ 150 feo
Lincoln (f6.25>- ->oo
Natl. Savings & Trust. 160 180"
Pr. Georges Bk. & Tr. (.60) 18 21
Riggs (e8) _ •330 350
Riggs pfd. (5) 101 u
Washington (6) __ 130
Wash. Loan A Trust (eS) . 202 300
FIRE INSURANCE.
American (Hi „ __ mo
Corcoran (5) _ j*»5
Bremen's (1.60) 20
National Union (.60). 16 I
TITLE) INSURANCE.
Columbia (.30) .. 15
Real Estate (6). 150
MISCELLANEOUS.
Carpel Corn. (2.00) *22 26
Lanston Monotype (+4) _ 05 105
Mergenthaler Lino. (2.00) 46 47
Peoples Drug S. com. (tl .00) 56 67
Peoples Drug S. pfd. (6.50) 112
Real Est. M.A-G. pfd. (**.70) 5 5'3
Security Storage 15) __ *120 125
Ter. Ref. & Wh. Corp. (3) 60
Wdwd. & Loth. com. ( + 1.50) 60 68
Wdwd. & Loth. pfd. (7) 112 125
•Ex dividend.
tPlus extras,
e—2% extra,
f— IV! extra,
h—75c extra.
**2Sc paid June 30. 1936; 45c paid
Dec 22. 1936.
PROXIES ASKED
EOR RUPP PEAN
_
Meeting Is Called April 16
at Richmond to Take
Finance Action.
By the Associated Press.
RICHMOND. Va.f April 9.—Thomas
Bradley, president of the Hupp Motor
Car Corp., in a statement released
through attorneys' offices here, called
on stockholders to send in their
proxies in order that a proposed re
financing plan might be completed at
a meeting to be held here April 16.
A special meeting of the stock
holders weis held here yesterday to
consider the proposal, but adjourned
until April 16 because of the lack of
a quorum. Approximately 640,000
shares were represented, while 880,000
are necessary for a quorum.
Eppa Hunton, 4th, counsel for the
corporation, said the refinancing pro
posal provided for a reduction in the
par value of the stock from $10 to $1
per share and the exchange of two
shares of the present stock for one
share of the new.
under the plan, existing stock
holders would be given the right to
subscribe for one and one-half shares
of new stock for each share of new
stock held upon completion of such
conversion.
The statement said stock unsub
scribed for by existing stockholders
had been underwritten by a group of
bankers.
“This new, financing, for which reg
istration statement was filed with the
Securities and Exchange Commission
March 30, 1937,” the statement said,
“will, it is anticipated, yield the
company approximately $2,600,000 of
new capital, which will enable it to
resume production of Hupp auto
mobiles,”
-%- — -
NEW YORK PRODUCE,
NEW YORK April 9 —Eggs. 15 832;
steady. Mixed colors, firsts. 22,a-2312.
dirties. No. 1. 22U-,a; other mixed prices
unchanged.
Butter 6.166; about steady and un
changed
Cheese 131.733; steady and unchanged.
Live poultry by freight, firm Chickens
Rocks 1,: Leghorns 14: ducks. 13-14;
other freight prices unchanged.
MONTREAL SILVER.
MONTREAL. April 9 (/P).—Silver futures
opened steady. 10 to 15 higher. May.
4o.#Ob: July. 45.60b. September, 45 55b.
b—Bid.
TIME TO CHANGE
^our car, too, feels the stir of Spring and
needs a change. Follow this treatment. Bring
your car to us. We will drain the old Winter
oil and give it the best Spring tonic ... a
refill of Quaker State Motor Oil of the cor
rect Summer grade. Then, you will. . .
60 &4RTHIK.
•EFORE YOU NEED A QUART
MINUTE SERVICE STATION
3939 Canal Road N.W.
\ Retail price, f
\ybitaquan Ij
The New
Telephone Directory
Closes Soon
Mr. Businas* Man,
here is a
BUSINESS BUILDER
COMPLETE information
about your product or ser
vice in the Yellow Pages
will increase your sales.
It Will List About
103.000 Residences
23.000 Businesses
MAKE CERTAIN YOU
ARE LISTED IN IT
Call Metropolitan 9900
.... To Order a Telephone, Additional
Listings, or to arrange for Complete In
formation about your Product or Service.
THE CHESAPEAKE AND POTOMAC TELEPHONE COMPANY 723 13th STREET N. W.
INVESTING COMPANIES
NEW YORK. April 9 OP).—Security
Dealers Association:
(Noon quotations.!
. . , _ Bid. Asked.
Admin Fd 2nd Inc _18.97 29.18
Am Business Shrs_ 1.24 1.30
Am Oen Eq Inc_ 1.13 1 2(1
Am Ins Stocks_ 5.25 6.00
Mancamer Blair_11.99 12.99
Bank Group Shrs _ 1.91 2.00
Bankers Nat Inv Corp_ 3.75 4.376
Btaslc Industry _ 5.17
Broad St Inv _ 35.37 37.83
Bullock Fund 22.59 24 26
Corporate Trust _ 2.97
Corporate Trust A A..._ 2,82
Corp Tr A A mod _ 3 04
Corp Tr Accum Ser_ 2 82
Corp Tr Ate Mod_ 3 04
Cumulative Tr Sh 8 45
Depos Bk Sh N Y "A" 2 03 I"
Depos Ins Shrs "A” 3 47
Depos Ins Shrs "B" 3 97
Diversified Tr C -_ ’ 5 10
Dividend Shrs 2 92 °17
Equity Corp 83 pf_ 39.00 423)0
Fidelity Fund Inc _ 27 00 29 79
First Boston Corp__ 35 25 30 76
Fixed Trust Sh A_ 1331
Fixed Trust Sh B __ 1111
Found Tr Sh A __ 4 95 5 "5
Fund Investors Inc__24 19 "555
Fund Tr Shrs A _ 0 "8 7 09
Fund Tr Shrs B _ 6 70
Gen Investors Tr _ 0.9,3 753’
Group Sec Agriculture_ 1 84 1 99
Group Sec Automobile_ 1.43 1 50
Group Sec Building _ 2.18 ” 30
Group Sec Chemical_ 1.58 1.72
Group Sec Food _ 1 02 i 1"
Group Sec Invest Shrs.__I 1 ^75 l’nd
Group Sec Merchandise __ 1.40 1 59
Group Sec Mining _ 1.73 1 88
Group Sec Petroleum _ 1 49 ] 02
Group Sec R R Equip 1 59 1 73
Group Sec Steel .._ 2.11 2.19
Group Sec Tobacco _ 1.08 1.18
Huron Holding _ - 78 1 18
Incorp Investors _ 25 93
Insurance Group Shrs 1 02 1 74’
Investors Fd "C" 15.82 lii'79
Keyston Cust Fund B-3 22.51 24 HO
Major Shrs Corp 3 125
Maryland Fund 9 92 10 80~
Mass Invest Tr..._ 28.65 30 "9
Mutual Invest . 10.90 18 47
Nation Wide Sec .___ 4 ill 471
Nation Wide Voting _ _ 2 on 2."5
N Y Elk Tr Shrs 4.125
North Am Bond Tr ctfs 68.025 62 87 5
Nor Am Tr Shares 2 70
Nor Am Tr Sh 1965 .. 3.52
Nor Am Tr Sh 1956 3 45
Nor Am Tr Sh 1968 . 3 25
Plymouth Fund Inc - 93 1 04
Cuarterly Income Sh 18 20 19 94
Selected Am Sh _ 4.14
Selected Am Sh inc _ 3 5.22 16 59
Selected Cumul Sh - In 69
Selected Income Sh _- 5.52
Spencer Trask Fund-- _ - 21 59 2° 16’
Stand Am Tr Shrs _ 4 29 4 45
Stand Util Inc _. __ 91 98
Super of Am Tr A __ 4 18
Super of Am Tr AA - - 2.89
Super of Am Tr B - _ 4 35
Super of Am Tr BB •* 89
Super of Am Tr C 8 10
$2,157,677 Earned
By Acme Steel Co.
In Twelve Months
Bs the Associated Press.
CHICAGO, April 9.—Acme Steel
Co.’s annual report showed today 1936
consolidated net profit of $2,157,677,
or $6.58 a share, compared with $1,
760,964, or $5.37, in 1935.
Sales increased 20 per cent in 1936.
R. H. Norton, president, said busi
ness this year has started out with a
"considerable increase” compared
with a year ago.
BITUMINOUS OUTPUT
OFF SHARPLY IN WEEK
The National Coal Association, from
incomplete carloading reports from
the railroads, estimates bituminous
coal production in the United States
for the week ended April 3 as ap
proximately 7,000,000 net tons. Pro
duction for the corresponding week,
1936, 6,538,000 tons; 1935, 3,809,000
tons.
The report of the Bureau of Mines
shows production of 11,123,000 tons
for the week ended March 20 and
11.256.000 for the week ended March
27, 1937.
Production calendar year to April 3; j
1937. 134,249,000 tons*; 1936, 113,- i
158.000 tons.
•Subject to revision.
NEW YORK BAR SILVER.
NEW YORK, April 9 (A>).—Bar ail- '
ver firmer, up V* at 46V8.
Super of Am Tr D _ R.10
Supervised Shrs _ 14.56 15.83
Trustee Stand Inv C . . 3.IO
Trustee Stand Inv D 3.04
Trusteed Am Bk "B" .05 1 05
Trusteed Industry Shrs 1.52 1 .68
Wellington Fund 20.15 22.09
5% Home Loans 5%
District of Columbia, Nearby Maryland and Virginia
3 to 15 Years
Also
20-Year Loans
On owner-occupied homes, nor over 5 years old, payable $6.88 per
month per $1,000, including interest and principal. j
Other plans on monthly quarterly or semi-annual
payments, including F H. A. insured mortgages.
Randall H. Ragner & Company
IN CO RPO WAT E D
Mobtiuo, Loan Corribpondint
-£tfe^nujr<in-ct ^orr^any^
1321 Connecticut Avenue N.W. Telephone DEcatur 3600
300 TONS OF LEAD SOLD.
NEW YORK, April 9 </P).—The St.
Joseph Lead Co. reports that 300 tons
of pig lead from Southeast Missouri
mines were sold yesterday at $5.85
per 100 pounds St. Louis.
REICHSBANK STATEMENT.
BERLIN, April It (/Pi —The Reichsbank
statement as of April 8 (in thousands of
finS. JPark5): Notw In circulation. 4.046.
<H)0. decrease. 202.000. Gold. 07,702; ln
£r£5?,c’ .**'-• Foreign currency reserves,
Inc!:ea^' Other bills of ex
'iki ?o<ran4,.cheSkf; a.72K.!>54: decrease.
.IW1.7D— Otner dally maturing obligation*.
5 6d?i5’ .decrease, 154..158. Advance*.
iik9A««- Pecrease’ J8.073. Investments!
J’5 decrease. 21 525. Ratio of gold
a"d foreign currencies to notes. 1.6 per
cent. Rate of discount, 4 per cent.
Spain's war is greatly stimulating
Portugal’s wine trade.
Richard Prince
Suits and Topcoats
A happy combination of modern wear
ables that lend the wearer a magnificent
oir of well-groomed grace, and entailing a
very modest outlay.
Richard Prince Suits
• Cable Stripes
• Sharkskins
• Scotch Cheviots
• Glenover Plaids
• Gabardines
• Herringbones
$35
Richard Prince Topcoats
• Andes Alpoca
• British Covert*
• Scotch Cheviots
• Herringbones
$29-50 and $35
Charge Accounts—
Monthly Settlements
—or ]2-Pay Plan
Courtesy Parking it
N.W. Cor. 12th and
E Sts. or N.E. Cor.
11th and N. V. Ave.
s Sssis? nl9
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Evening star. [volume], April 09, 1937, Page A-16, Image 16
About Evening star. [volume] (Washington, D.C.) 1854-1972

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Evening star. [volume], April 09, 1937, Page A-16, Image 16
About Evening star. [volume] (Washington, D.C.) 1854-1972