Evening star. [volume] (Washington, D.C.) 1854-1972, April 09, 1937, Image 19

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Evening star. [volume], April 09, 1937, Page A-19, Image 19
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-19/>

Newspaper Page Text

I
General Trend Is Higher, but
Scattering of Losers
Remain.
hr the Associated Press.
NEW YORK. April 9 —Curb market
prices generally pointed moderately
'higher today, although there was a
smattering of losers present in late
dealings.
Tlie list apparently took its cue from
the "big board” which rallied on the
President's denial that a change in the
gold rate was contemplated.
Up fractions to a point were Amer
ican Gas & Electric. Creole Petroleum,
Gulf Oil, International Petroleum,
Pan-American Airways, Sherwin-Wil
liams, United Gas and Wayne Pump.
Slightly behind were Sunshine Mining,
St. Regis Paper. Aluminum of America
and Lake Shore Mines.
CHICAGO GRAIN
Es the Associated Press.
CHICAGO, April 9.—Late reactions
while traders were awaiting the United
States Government May crop report
virtually canceled today's price gains
in wheat.
Fears of a large official crop fore
cast regarding wheat were evident on
the part of many operators. The corn
market, however, was without any
such adverse influence, and prices of
that cereal tended upward.
At the close, wheat was */» cent off
to % up compared with yesterday’s
finish. May, 1.39-1.39>8; July, 1.25%
Corn, 1 j-1 % advanced, May,
J 3 0; a -14; July, 1.20'2-34. Oats un
changed to 3 4 higher, and provisions
varying from 10 cents decline to a
gain of 2 cents.
>. WHEAT— Open. High. Low. Close
pi i.W: iw: v«:
Horn--1"0’* 122'4 ^ lift-tf
pi: noid }:•:«%' 1:W: IWy*
iZ n0eid 1,K5‘120141-1RS»
BeOATS— 1 I0'4 l n’4 ' 111%-*
£» :!«’• -SSpI*
May j 7t%x,
July - -- 1.7*.^
RYE— 10 7
i. t .*» i 15^'p i 145 1 i4i
S£ i: 34 Ws-: i:tt«
. barley— 4 ” ‘ ‘
.Id IS* ~R -KI
LARD— 4 -‘6 *
Tu^ J2.?0 13.35 13.30 12.27
P iH-Tr 15:75 gjg-»
°BELLIES-' 12 00 12 S' 12 9,1
Mas 16.05 ns o5
July 16.H5 16,65 Ifi.HO lfi.iio
Chicago Cash Market.
Cash wheat—No. 2 dark hard,
1.44'4; No. 2 hard, 1.44%. Corn—
No. 3 mixed, 1.36%; No. 3 yellow.
1.35’--38; No. 4 yellow, 1.351--36i4;
No. 2 white, 1.40; No. 3 white. 1.39.
Oats—No. 1 white. 5534; No. 2
white. 55-55%; No. 3 white,
5334-5434. Soy beans—No. 2 yel
low, 1.7214; No. 4 yellow. 1.67%. Bar
ley. feed. 78-85 nominal; malting,
1.10-27 nominal. TLmothy seed—4.70
5 25 cwt. Clover seed—28.00-34.00
cwt.
Baltimore Quotation*.
BALTIMORE. April 0 <,-T*■.—Wheat. No.
~ Winter, garlicky, spot, domestic,
1 oO; April. 1.50.
CURB BONDS
DOMESTIC BONDS.
.. High. Low. Noon.
A.a Power 4’,aS ’07 _83 83 83
Am G 4 E os 2028-. 106V« loti 100
Am P 4 L Os 2010_ 037a 93'4 93’»
Am Radiat 4’,as '47 104'4 104’4 104'4
Am Roll Mill ns tS_- 10 2 3 4 10"34 1o234
Am Scat Os ’30 stpri.. 1041. 104V4 104',
Apnalach E P os '56 __ loti1, 100 loti
Art; P 4 L 5s 50_ 90 95Va 95Vi
As G 4 E 41 as '48__ 50 50 50
As G 4 E 4'as ' 49_ 54 5,'i'/« 53'4
As G 4 E 5s 50 - 50 50 50
As G4E 5'is inv ct_ 08 08 08
As G 4 E 5'2S '77_ 00'; Ott 00
Paid Lo Os '38 ww _190 190 190
Bald Lo Os '38 xw_180 lT.s 180
Bald L tis '38 xw stp.._ 181 178 181
Bell Tell C 5s '55 A_111 111. ill
Bell Tell C 5s '57 B-_ 115 115 115
Can No Pw 5s '53 A.. 103»i 1035i 103s.
Caro Pw 4 Lt 5s '50__ 99'i 99 99
Cent 111 P S 5s '50 E_. l()33s 1033« 10344
Cen III P S 4 1 aS '07 F__ 97 90'a 90' .
Cent 111 P S 5s 'OS G.._ loo1, 100s, 100s;
Cen O L4P 5s '50 A 99Vi 99'i 99'.,
Cent Pw 4 Li 5s "50.- 91 9034 907«
Cen St P4L 5VaS '53_. Oti 05'a 05'a
Cm Str Ry 6s '55 B--101 101 lol
Cities Svc 5s '50- -- 71 7034 7o3l
Cities S Gas 5'is '42 100Vi loo'., 100',
Cit S P 4 L 5'as '62_ 08 07 H734
Cit S P4L 5'aS '49_ _ 0814 08 08
Comw Ed 4'as '50 C__ 109'4 109 lti't
Comw Ed 4s 'SI F_ m.'i’/a lO.'l'.i 10314
Comw Sb 5Vis 48 A_ 103 103 103
Comnty P 4 L 5s '57_- 79 78 79
Cont O 4 E 5s '58 A .. SO'i 85", Rti'i
Crucible Stl 5s '4". -- 10278 io"7« lo"74
Det Cit Gs 5s '50 B _ 103 103 103
East G 4 F 4s '50 A sti3, 80 SO3,
El Pw 4 Lt 5s 2030_S.'j'a 83'i S3'a
Emp 04R 0V2S '42_ 88'a 88 88
Fed Wat 5'aS '54 _ 83', Si.'i'4 83'/«
Ftrest Cot M 5s '48 __ 1 ((4'4 104 104
Florid __P 4 L 5s '54 92Va 92 92
Gy EtxG os '44 stp xw 99 98 98
Gatineau Pw 5s '56._ loo3, loo'i Kiti'A
Georgia Pw 5s 07 90'4 90V4 9tiV4
Georgia P4L 5s '78 71 ', 70 70
Grand Tr We 4s 50 9S34 983i !I834
ilall 'WF' tis '47 Stp . 9K>2 98'a 98'2
loti W Ast .s '54 ww 35 341., 34' ,
lygrade Fd Os '49 B 78 78 78
il Cent R R Os '37.- 100 100 100
11 North Util 5s '57. 107 107 107
11 Pw 4 L 6s '53 A 104 103s,,10341
111 Pw 4 L 5'aS '54 B . lOOVi lOO'/a lOO'/a
111 Pw 4- L 5s '56 C _ 96 Vi 90 9»
111 Pw 4 Lt 5'is '57 .. 110'/4 lio'/i 1 lo'/4
Indian 4 M E 5s '57. 11(IV4 110'/4 no'/4
Indian El C Os '47 A 103 103 103
Indian EC tt'-as '53 B . 103 103 103
Indnap P4L 5s '57 A 105 Vi 1057i 105%
Tnd Hy-El 5s ’58 A _ 90 90 90
Interc Pw Os ’48 A _ 8 8 8
Inti Pw Sec 7s '57 E 74'2 74'i 74'-i
Inti Pw Sec 7s '52 F 09'2 69'i H9Vi
Inti Securities 5s '47 lol 101 mi
Interst Pw os '57 02 01s', 015',
Interst P S 5s ’50 D K4'2 84Vi 84'/i
Interst PSl'ts '58 F 794, 793/, 79%
towa_Pub Sv 5s '57 102'i 102'/4 102>/4
Jer C PA L 4 'is 01 C 104'/, 104', 104 V,
Kan pw lo »s 4 , A 102 102 102
Kentucky Ut 5s *61 _ 9114 91 V4 91V4
Ken U «».'2S ’4s D _ ] 04 104 104
Lone Star G 5s 42_ _ 105U 105% 105V4
La Pw A Lt 5s ’57 _ 104 103% 104
Widlan VRR 5s ‘4.4 925* 92V* 92V*
Winn PAL 4VaS ’78 . 9<P2 »6Vi 06 Vi
klinn PAL 5s ’55 102V2 102Vi 102Va
Wont-Da P 5*'is ’44 97 97 97
Mun SS 6 Vis’37 ww cod 8 Vi 8 Vi 8!/2
Nat Pb S 5s ’78 cod 47 46V4 46»4
Nevad Cal El 5s 56 8934 8934 80%
New E GA:E 5s ’47 . 7514 74% 74%
New E GAE 5s ’50 74 74 74
New E Pw 5s ’48 _ _ 95 Vi 95V4 95V4
New E Pw 5%s ’54 _ 973/4 97V* 9734
S Y P A Lt 4%s ’67__ 105% lOS'/g 105%
(In Con U 5'as 18 A 56% 563,, SB3/4
In Ind PS 5s ’66 C-102 162 102
In Ind PS 54 ’69 D— 102% 102% 102%
In Ind PS 4%s To E- 97% 96% 96%
Inrthw P S 5s ’57 A_ 96% 96 96
>gden G Co 5s '45_108% 168% 108%
Ihlo Pub S fis ’53 C . _ 109% 109% 109%
3kla N G 4%s '51 A _ 96% 96% 96V*
=>ac P & L 5s '55 80% 80% 803,
’enn C L P 4%s T7 96% 96% 96%
?eop GLAC 4s '« B _ 91% 91% 91V,
’itts Steel 6s '48 _ 102% 10214 192%
'ortland G & C 5s ’40__ 77% 77% 77%
>otomac E 4%s '61 F 105 105 105
3ub S N I 4%s T8 D _ 102% 102% 102%
>ub S N I 4%s ’80 E_1013/s 101% 101%
>ub S N I 4'4s ’81 F . _ _ 101 100% 101
>ub S Okla 4s ’66 A 99% 99% 99’/.
big S PAL 5%s '49 A_ 87% 87 87
*Ug S PAL 5s '50 C SS3/* 84% 84%
big S PAL 4%s '50 D . 80 80 80
it L ti&t: ns 47 mat.^ in in in
icripps 5%s ’41 102% 102Vs 102%
iervel Inc 5s ’48 ... 105% 105% 105%
E PAL Hs 2025 A 99% 99% 90%
•OU Cal Ed l%s '45 _ 10.1% 101% 101%
ou Cal Ed l%s '00 _ 99% 99% 99%
OU Cal E 3%s '00 B _ 99% 99% 99%
ou Cal E 4s '00 _ 105'/4 105 105
td GA-E Os '51 A 80% 801 a 80%
td GAE Os '00 B __ 80% 80% 80%
tand Pw A Lt Os '57 _ 85% 85% 85%
uper of 111 41 as '70_101% 101% 101%
'exas Elec 5s 'fin 100% ion ion
'ex Pw A L 5s '50. _ 104% 104% 104%
ide Wat P os '79 A __ 97 90 90
olcdo Edis 5s 02 _ 108% 108% 108%
win C RT 51 as '52 A 81% 81% 81%
nit Lt A Pw 5%s '59. 105% 105% 10544
nit Lt A Pw 0 %s '74. 84 84 84
nit L A R D 5%s '52 80% 80Va 80%
nit L A R M Os '52 A 112% 112% 112%
a Pub S 5%s '40 A . 100 99% 99%
ash Gas Lt 5s '58 __ 100% 106V. 100%
ash W & P 5s '00 105% 10544 10544
est Pa 5s 2010 _ 97 97 97
est T Ut 5s '57 A __ 93% 92% 93
is-Min LAP 5s '44 100% 10044 100%
li P A L 4s '50 A 95% 95 95
ork Rwy Co 5s '37_.. 92% 02% 92%
FOREIGN.
'.lie M B fis ’31 mat. 19% 19V4 19%
g] Su Pw fis 'fi.3 A _ 59 59 59
aranhao Br 7s 'SR _ 27V4 27 27
endoa P 4s ’St stn . _ 9fi 9514 9514
ed El fi'zs ’fin A ... 71% 71 71
ww—With warrants, xw—Without war
tjjs. n—New. *t tstpi—Eftamped.
NEW YORK CURB MARKET
By private wire direct to the Star.
2:30
Stock and Sale*—
Dividend Rate. Add 00. Hlth. Low. Close.
Acme W vto (2)_7te 60)4 49 40)4
Aero Supply (B).. 14 4 4
Air Investors Ino_ 14 2)4 4
Air lnv Inc war.„ 2 1 1 1
Air Invest cv pf_ 1 29 29 29
Allen Indus (tl)-. 1 22)4 22)4 22)4
Allee Fisher_ 2 8)4 8)4 3)4
Alum'n Co of Am 860. 149 1B7 157
Alum Am pf all* 150. 118 117)4 117)4
A luminum Ltd. __ 2f Os 122 119 120)4
j Aim Ltd c pf bl )4. 1 127)4 127)4 127)4
Am Airlines. Ino.. 1 24)4 24)4 24)4
Am Beverage- 1 2)4 2)4 1)4
Am Box B od (1).. 17 21 20)4 21
Am Clt P&L (Alt 100* 84)4 34)4 86)4
Am CP&L WW2 %. 1 27 87 87
Am CltP&L B altOc 4 6)4 6)4 4)4
Am Cynam B t60o 20 81*4 80 31
Am Eqit (a22%c). 1 4)4 4)4 4)4
Am Fork & H (tl) 1 21 21 21
Am GAE (1.40)... 9 88)4 36)4 36)4
Am GAE pf (6)... 200« 109 109 109
AmGenC'p laCOe, 4 10)4 10)4 10)4
Am Hard Rublal) 60s 22 22 22
Am Laun’y M 80o. 2 31)4 81)4 *H4
Am L A T (tl.20)_ 8 20)4 20)4 20)4
Am Maracaibo .. 28 1)4 l)4 1)4
Am Meter (b76e)_. 2 46 44 46
Am Superpower 10 2 1)4 g
Am Superpw let C 1 93 93 93
Am Superpwr pf__ 4 40)4 40 40
Angostura (t20c). 10 7 6)4 6)4
Apex Electrlc(al) 1 36 36 36
‘Appalach E P pf 7 10« 107 107 107
Arcturus Radio T. 8 2 1)4 2
Ark Nat Gas__ 27 9)4 9)4 4)4
Ark Nat G cu pf_ 8 9 9 9
Ark Nat Gas (A)_. 60 9)4 9)4 9)4
Art Met W (80c)_. 1 IS)* 13*4 18H
Ashland OAR T40o 82 7)4 6)4 7
Asso Gas & Elec_ 1 1*4 1)4 1)4
Asso GAE (A)_ 11 3H sh 3)4
Asso G A E *5 pf _. 1 26 26 26
Atl Coast FIs b35o 1 10)4 10)4 10)4
AU Coast La2 *4.- 180e 49)4 49 49
Lias corp war __ 10 s 2li 3
Atlas Plyw'd(ltt) 1 24$* 24$* 24$*
Austin Silver_ 11 8 2)4 *
Auto Product*_ 6 7)4 7)4 7)4
Auto Vot Mch 50c. 1 10)4 10)4 10)4
Axton-Fisher (A). 30a 35)4 35 85H
Babcox & Wll (41 160a 126)4 123 126
Baldw L bd rts(d) 4 2H 234 2)4
Bardstown Dist... 6 4)4 4 4
Barium Stain Stl 13 6)* 6V4 6*4
Barlow&S (A) 1.20 100» 17 17 17
Bellanca Aircraft. 6 8 7)4 8
Berkey&Gay F Co 3 2!4 2). 2)4
Berk&GF pur war 1 1V> l)^ p*
Bliss Co <E W 1 6 20)4 20 20!4
Blue Kidge (bl5c) 36 3)4 3 3)4
Blue Kidge cv pf 3 1 44*4 44)4 44)4
Blumenthai 8 4 82)4 82 82)4
Borne Scrym b76c 100» 17)4 17)4 17)4
Bower Roll B (2). 7 29)4 28)4 29)4
Bowman-BUtmore * 2 2 2
Brazil TLAP 40c. 4 26 26)4 26
Breeze C Inc a75c. 3 12 It 11
Brld'p t Mch b26c. 2 17)4 17)4 11)4
Brill Corp (B)_ 16 6 5
Brill Corp pf-100* 61)4 60 60
Brit Celan Ltd res 10 2)4 2)4 2)4
Brown Co pf . 500a 77 74)4 76)4
Brown F&W bl5c. 4 11)4 11)4 11)4
Brown Forman .18 8 8
Burma Ltd bl6'/ac. 1 4)4 4)4 4)4
Cable El Prod vtc. 1 1)4 1)4 1)4
Can Car&Fdry pf. 52a 29 28 28
Can Indus Aico A. 1 6)4 6)4 6)4
Can Marconi_ 13 2). 2)4 2)4
Carlb Syndicate 1 2)4 2 2)4
Carm’n&Co A b50c 1 25 26 25
Carnation Co (1). 1 29)4 29)4 29)4
Carnegie Metals.. 5 2)4 2). 2).
Caro L&P pf (7).. 10a 93 93 93
Carrier Corp ... 7 42)4 4 1 44*4
Carter (JW) 80c.. 6 11 10)4 ll
Casco Prod b2 1 81)4 31 81
Callln Corp ia4uc) 18 8)4 8 8)4
Celluloid Corp_ 1 12 12 12
Cen Hud G&E 80c. 3 16 16 16
Cent Ohio S b25c__ 1 16)4 16)4 16)4
Cent & S W Utll._ 6 8)4 3‘a 3)4
Cent States Elec.. 2 l)t 1), pj
Centrlf Pipe t40c 6 6)4 6 6)4
Cherry Burrell (3 50a 81*. 8P4 81*4
Chi Flex Shaft (4) 150a 64)4 64 64)4
Chi Rivet & Mach. 1 16)4 16.4 I6)j
Childs Co pf - 50a 86). 86). 86).
Cities Service_ 60 4 34 3),
Cities Service pf__ 7 48)4 47)4 47).
City Auto S< t60c) 7 11)4 11)4 1114
Claude Neon Lts _ 2 2)» 2)4 2)4
Clev EII lum(t2). 1 41 41 41
Clev Tractor — 20 14)4 13)4 14H
Club Aluminum... 1 l). p* 1*4
Colon Dev Ltd ... 3 6*. 6)4 6)4
Colon Dev Ltd A.. 7 4)4 4)4 4)4
Colon Dev 6% pf.. 2 4)4 4)4 4H
Colo Fuel&lr war 1 16)4 I6J4 I6J4
Celts PFA b37)4c. 6 71 68)4 70
Colum G&E pf (O) 75i 76)4 75 76
Colum O & G a20c 88 8)4 8)4 8)4
Com with AS war 65 ). i. 14
Com'u’ty P&L 1st 60« 46)4 46*. 46*.
Community PS U ICO* 28 28 28
ComSll stc vto tl. 1 16 16 16
Cons Aircraft 6 26)4 26 21*4
Consol Biscuit 6O0 1 7). 7)4 7^
Consol Copper 51 9*4 9 8)4
C GELt&P Bo 3.60 3 76 74 74
Consol Steal Corp. 12 14)4 13)4 14
Conti Oil (Mex) 1 1)4 iy. 1)4
Cont i Roll & S Fy 6 2l)j 20)4 21
Conti Securities.. 100* 12 12 12
Cook P & Var T60c 1 18)4 18)4 18)4
Cooper Bessemer. 2 26 25). 26
Copper Range- 4 13)4 12)4 13*4
Cord Corp - 8 4)4 4)4 4)4
Corroon & Reyn.. 10 6)4 6)4 6)4
Coeden Oil Me (d) 4 2)4 2H 2*/»
Cosdenl Melpf(d) 1 34)4 84)4 34)4
Creole Pet (»50c). 7 80)4 29)4 29)4
Crocker-Wh alOc. 4 lb% 15)4 16)4
Croft Brewing_ 4 1 *). 1
Crown Cent P a6c. 18 2)4 2)4 2)4
Crown Dr (b20c)_. 1 4)4 4 4
Cusl Mex Mining. 94 14 14
Darby Petr (60c). 1 15)4 15*4 15)4
Dayton Rubber 3 27 26 27
Dayton Rub A(b2) 60a 32 32 32
Delay Stores tgoc 1 14)4 14)4 14)4
Dennison 7% pf.. 60a 72 7o 72
Derby Oil & Ref . 5 7)4 6)4 6)4
Derby O&R pf a4.. 60a 79 79 79
Detroit Gasket tl. 2 16)4 16)4 16)4
Det Gas pf (1.20). 1 18)4 ig^ 43^
Det Gray Ir t20c._ 1 16)4 15 16*.
Det (Mich) Stova. 2 7 7 7
Det Stl Prod b2ac. 1 64 64 64
Distilled Liquors. 8 9)4 9 9y$
Domln SAC 1 R < 2 23)4 28)4 23)4
Dom Tar & Cham.. 2 17)4 17)4 17)$
Driver Harris 1)4. 3 32)4 32 32)4
Duval Tex S s50c. 1 8% 8)4 8)4
Baffle Pitcher blOc 4 22 21% 21%
East'n G&F Asso 1 7% 7% 7%
Eatn G&F As pf 3 100, 48% 48 48%
East G&F p pf 4% 26, 66% 66% 66%
East'n States Pwr 6 6% 6% 6%
East'n St Pw (B) 1 71 71 71
Easy W M(B)b25c 1 11 11 a
Eisler Eleo (a6c). 4 3 8 3
Elec Bond & Share 143 20% 20 20%
Elec B & S pf (6) 8 78% 77% 77%
Elec P&L opt war. 2 10% 10 10%
Eleo P&L 2d pf A 20» 64 64 64
Elec Sh pf ww (6) 100, 92 92 92
Electrol Inc v.t.c.. 1 4% 4% 4%
Empire Dls El pf. 50, 45 45 45
Emp G&F 6% pf 26, 68% 68% 68%
Emp G&F 1% pf 100, 74% 74% 74%
Emp G&F 8% p*__ 60, 79 79 79
Bmsco Derrick tl. 2 17% 17 17%
Equity Corpta26c) 20 2% 2% 2%
Evans Wall Lead 8 1% 1% Vyi
Evans Wall L pf 60, S3 S3 32
Bxcello Alr(t20c) 4 24% 24% 24%
'-'alstalT Brewing. 6 9% 9% 9^
Ferro Enam b25c. IS 88% 37 37
Fldello Brewery_ * % % %
Fisk Rubber ... 23 16% 16% 16%
Fisk Rub pf («).. 26, 80 80 80
FlaP&Lpf. 160. 44 41% 41%
Ford Ltd al81-10o 10 7% 7% 7%
Ford (Can) A (1). 16 24% 24 24%
Froedt G&M(20c). 2 13% 18% 13%
Gen 4 lloyt 84 8% 4
Gen Fireprfg b2oc 2 20% 20 2u%
Gen invest Uorp 6 1% 1% 1^
Gen Tele C’p al.SS « 19 18% 18%
Gen Tire * Rub 26 84% 82% 34
Georgia Pw pf (*) 26, *0% 80% 80%
Glen Alden C (tl) 2 i2% J2^ 12%
Godchaux S A b2_ 80, 44 44 44
Godcnaux Sur t B) 1 80 29% 30
Goldfield Consol 86 % % %
Gorham Mf vte tl 1 24% 24% 24%
Grand Natl Films 8 2% 2% 2%
Gr Rap Var(t80c) 1 18 16 16
Gray Tel PS (1).. 1 lb% 16% 16%
Grt A&P T n v t6 80, 109% 108 109%
Grt A&PT lit pf 7 76, 122% 122% 122%
Greenfield T & D 6 18% 18% 13%
Groo Store Prod.. 1 6% 6% 6%
Guardian Invest .6 % % %
Gulf OU (Pa) b2ie 16 67% 66% 67
Hall Lamp (80c). 2 6% 6% 6%
Haloid Co (tl)_ 1 20 20 20
Hartman Tobacco 44 3 2% 8
Hat Corp (B) 80c. 1 18 18 18
Hazeltine Cb75c._ 6 16% 16% 16%
Hearn Dep S bl.66 1 16% 16% 16%
Hecla Min (b20c) 22 19% 18% 19
Helena Rubenst'n 1 7% 7% 7%
Heller pf ww 1%. 100, 24% 24% 24%
Heyden Ch (t2)_ 1 42 42 f 42 t
2:30
Stock and Sale*—
Dividend Rate. Add 00. High. Low. Close.
Hire* (C E)A(2) lOOe 40 40 40
Hoe & Co, Inc (A). 6 88 >2 8284
Holllnger (t65c) 2 18)4 13)4 18)4
Holt(H) pt A blOo 4 8)4 884 384
Horn A Hardart tS 260 a 88 88 88
Hudson BMAS II) 18 8884 82)4 83)4
Humble Oil (1H). 8 82 80)4 82
111 Pwr A Lit |6 pf 800. 6784 67 6784
Imp Oil Ltd t60o 16 23 2284 23
Imp To Can b32%c 6 14)4 14 14
IT GtB&l b84%c_ 1 37 37 87
Ina Co of No A T2 100. 66)4 66 4 66)4
Inti Hy El S cv Df 14 3684 33)4 83)4
Int H E Sep A war 6 1)4 1)4 1)4
Inti P^trolm (184) 7 36)4 85*4 36)4
Inti Petr rg(fl%) 1 36)4 36)4 36)4
lntl Utli <B) 2 1)4 174 174
Inti Vitamin(50e) 6 6 674 6
Interst PIDellpf 80. 1374 1 3)4 1 374
Inv Royalty (t6c) l % % %
Iron Fire vto 1,20.250. 24 23 2874
Jacobs(FL)Co( 1 > 6 1 6)4 1 484 1474
Jeanette Glss a60o 2 984 984 984
JerCen P&Lpf 6% 20. 79)4 79)4 79)4
JerCent P&L of 7 10. 96)4 96)4 96)4
Jonas A Nbg blSc. 1 674 «T4 674
JonesALaugb Stl. 6 112)4 111)4 111)4
(Cans City P 8 vtc 1 )4 )4 yt
KanCPSpfA(d) 2 284 284 284
Kingston Prod 40o 12 6)4 6 6)4
Kirby Petrol (20c) 4 7 684 674
Kirkland L G (6c) 12 1)4 1)4 1)4
Knott Corp (b20c) 1 11)4 11)4 11)4
Kreuger Brew tl- 6 1674 16)4 16)4
Lake Sh M (t4)_ 19 644 61)4 64)4
Lakey Fy A Mach. 11 6)4 6)4 6)4
Leh Coal AN 30c.. 7 984 9)4 984
Leonard Oil_ 15 I84 1)4 1)4
Lion Oil Ref (1)__ 10 26)4 24*4 26
Lit Brothers _ 1 6>4 6)4 5)4
Locke 8tl Ch t80c. 4 17)4 17)4 17)4
Lockheed Aircraft 13 1 3)) 1284 1 3)4
Lone Star Gas 8O0 23 1074 1084 1074
Long island Ltg._ 4 4)4 484 4)4
Long 1 L pf A(7). 80. 88 87)4 87)4
La Land (40c) ... 27 12)4 1174 1284
Lucky Tiger tl2c. 2 14 14 14
McCord Rad (B).. 4 94 94 94
McWilliams D (tl 2 S3 82 33
Mangel Storss „ 1 74 74 74
Mangel St pf (5)„ 10a 65 66 65
Marlon Steam Sh. 1 164 164 164
Massey Harris_ 8 184 134 134
Master Elec (1) . 1 234 234 234
Mead Johnson(t3) 75s 1144 1144 1144
Mem Nat G(a60c» 1 64 54 54
Mercantile St pf 7 25« 105 4 1054 1054
Merritt Chap 4 S_. 2 74 74 74
Mesabi Iron_ 7 14 1 14
Mex-Ohio Oil_ 1 24 24 24
Mich Bumper C.__ 7 24 24 24
Mich Gas & Oil_ 4 34 34 84
Mich So gar- 3 14 14 14
Mid Sta Pet (A)__ 2 64 64 64
Mid Sta Pet (B)._ 11 14 14 14
Mld-W Abras alOc 7 4 4 4
Midwest Oil (tl) 7 12 114 12
Mldl’d O cv pf b25(100a 84 84 84
Mining Co (Can)*.. 2 4 4 4
Mock Judson 60o~ 4 14 14 14
Molybdenum Corp 16 104 104 104
Moody's pt pf (3). 60a 374 3/ 374
Moore Diet (t50c) 2 64 64 64
Mount Prod (60c). 2 64 64 64
Nat Auto (bl)- 3 864 85 864
Nat Bella Hess_ 21 24 24 24
Nat Contain a50c_ 2 124 124 124
Nat Fuel Gas (1).. 8 164 164 164
Nat Gyps A a24 — 3 704 704 704
Nat Leather 2 14 14 14
Nat Mfg & Stores. 2 8», 84 84
Nat Hub Mch a20o 12 174 164 174
Nat Service _ 7444
Nat Service pf_ 6 54 54 54
Nat Sugar N J (2) 1 264 264 264
Nat Transit (75c). 1 104 104 104
Nat Union Radio . 4 24 24 24
Navarro Oil b30c 4 264 264 264
NeptuneMi A)a60o 2 144 14 14
NEPAs6%pfb2 50a 79 79 79
NETel&Telbl4 60a 1304 180 1304
New Hav Cl (14) 2 244 244 244
New Jer Zinc (t2) 650a 854 83 86
New M&A Ldalc 1 34 34 34
Newmont Min b75. 2 1194 U8 1184
N Y Omnibus (war) 1 15 15 16
N Y & Hon (b75c). 50a 32 82 32
N Y Shlnbldg ... Ill n n
N Y Steam - 1 134 ]84 184
N Y Tel Df (64) 150a 1174 1174 1174
N Y Transit t30c 1 44 44 471
N Y Water Svc pf ICa 48 48 48
Niag Hud Pwr new 26 134 124 134
Niagara H B war 2 14 14 ju
Niag Sh Md B a60e 8 14 14 14
Nipissing i50c) .. 6 24 2W 24
North Am L * P 2 44 34 84
North AmL&P pf 150a 65 53 56
No Am Ray A b50c 3 474 464 474
No Am Ray B b50c 1 474 474 474
No Cen Tex O al5c 1 64 64 64
North'll Euror Oil 13 4 4 4
Northern P L 75c. 1 104 104 104
North States Pa 6 28 28 28
Nor Tex El 6% pf. 1 3 3 3
Ohio Oil cu pf (6). 1 1084 1084 108*4
Okla Nat Gas Co.. 3 114 114 114
Okla Nat Gas pf.. 100a 28 28 28
Oldetyme Distil. 7 44 44 44
Pac G&E 1st (1 4 ) 4 294 294 294
Pac Public Servic* l 64 64 6*4
Pac Tin spec 1T2) 160a 444 44 44
Pan-Am Air (tl). 3 67 66 67
Pantepec Oil . 21 64 64 64
Pender G (A)3 4.. 60a 40 40 4(1
Pennroad (a25c). 5 4*1 44 44
Penn-Mex F a50c. 1 54 54 54
Penna P&L pf (7) 40a 1074 1064 1064
Penn Wat &P (4) 9 804 80 80
Pepperell Mfg t6. 76a 1264 1254 12*4
Phoenix Secur 12 104 104 104
Pierce Gov (bl5c) 1 284 284 284
Pioneer Gold blOc 2 64 5 5
Pitney Bow(t40c) 4 74 74 77^
Plttsbgh Forging 7 24 4 23 4 244
Pitts Plate G (bl) 2 1844 133 134*1
Pleas Vail W(boc) 1 14 14 14
Plough Inc (1.20). 1 164 164 164
Potrero Susar 10 34 34 34
Powdrell&A) t60c 24 124 114 124
Pratt & Lamb <a2 1 35 35 35
Premier Gold ti 20 3 3 24 24
Pressed Met (t2). 1 32 32 32
Prosperity B al *4 3 144 144 144
Prudent’l Inv a50c 3 134 124 134
Pub Svc Ind pr pt 190a 58 67 58
Pu* Sd P&L pf b5 125a 724 72 724
Pug Sd P&L *6 pf 325a 37 354 37
Quaker Oats (5)_. 3Ga 115 115 115
Ry & Lt Sec al.65 100a 21 21 21
Raym'd Cono (tl) 60a 364 364 364
Red Bank 1 154 154 154
Reed R B new t80« 1 41 41 41
Reeves (Dan) 50c. 1 64 64 64
Reiter-Foster 2 14 14 14
Reybam Coa25c_. 1 54 64 64
Reynolds Invest.. 2 2 2 2
Richm'd Radiator. 1 64 64 64
Roosevelt Field .. 9 24 2*4 2*4
Root Petrolm(l).. 6 84 8 8
Rossla (ntl Corp.. 11 4 4 4
Royal Type b75c_. 4 96 92 94
Russeks F Av 50c. 4 14 134 134
Rustless Ir&Stl . 7 144 144 14*4
Rran Consolid’d .6 6 6 6
Rverson & Haynes 8 64 64 54
Saf Car H&Lt bl% 26. 136 136 136
St Anthony Ooiu 11 !4 14 H
St Lawrence Coro. l 14 14 14
Sr Reals Paper . 99 11 10*4 io>-;
Savoy Oil _ 12 4 344 4'
ScblfffThe)Co(t3) 1 39*4 39>i 39*4
Scrant S B Wat pf 100, 67 66 66
Segal Lock AH 6 3 3 3
Seiberllng Rubber 6 8*4 8*4 8*4
Selected Indue 33 3*4 3*4 3*4
Sel IndallcfaSH 160, 101*4 101*4 101*4
Sel tnd pr pf (6 % 11060, 98*4 98 98
Select Indus cv a2 1 26 26 26
Seversky Aircraft 11 6*4 6 5
Shattuek Den Min 86 20*4 18«4 2014
Sherwin Will (4). 150, 136 134*4 135
Slmmone Hd A P. 2 6*4 6*4 6*4
Singer Mfg <t6> ._ 10, S02 *02 *02
Solar Mfg (a40c)_ 1 6*4 6*4 6*4
Soss Mfg (a26c)_. 1 7*4 7*4 714
So Penn Oil< tl *4) 1 42*4 42*4 *2*4
SoCal Ed pt pf 1 *4 *0, 38*4 88*4 38*4
So Cal Ed of B 1*4 2 27*4 27*4 27*1
Southn Union Gas 6444
Southl’d Roy blOc 8 9*4 9*4 9*4
SnarnshAOen rcte 8 % J6 J4
Spencer Ch S b75c. 8 12 11*4 11*4
Stand Dredging 2 6 6 6
Stand Oil Ky (tl) 4 20 19*4 20
Stand Oil Neb b25c 1 13*4 13*4 18*4
Stand Oil Ohio tl. 8 41 40*4 40*4
Stand Pwr A Lt 6 6 4*4 4*4
Stand Prod <b25c) 1 19*4 1**4 19*4
Stand SllALd (4c) 24 *4 *4 44
Starrett Corp vtc 2 8*4 8 8*4
Sterchl Broa a30e 1 9*4 9*4 9*4
Sterl Alum Pa 76o. £ 10*4 10*4 10*4
Sterl’g Brew a75c. 4 7*4 7*4 7*4
Sterling, Inc<20c) 8 6J4 6*4 6*4
Stlnnes(Hugo) d.. 3 8*4 3*4 8*4
Stuta Motor ... 16 *4 *4 *4
Sunray Oil (alOc) 40 4*4 4*4 4*4
Sunr’y Ocu pf 2% 1 48 48 48
Sunshine Min (I). 11 19 18*4 18*4
Taggart Corp _. 10 16 14*4 14*4
Tastyeaat (Del) A. 6 1*4 1*4 1*4
Tavlor Dlst <800. 4 4*4 4*4 4*4
Technicolor a60e. 6 20*4 20*4 20*4
Tech Hughes t40o 12 6*4 6*4 6*4
Texon Oil A L 60o 6 6*4 6*4 6*4
Thew Shovel a60e 160, 63*4 8b 68*4
Tllo Roof Ihd (1). 2 16*4 16*4
DRIVE TO STEADY
Reserve Board Discloses
Net Purchases of 29
Millions'in Week.
By the Associated Press.
The Federal Reserve Board, report
ing on its operations to maintain
“orderly” conditions in the Govern
ment bond market, disclosed it made
net purchases of $29,000,000 of Fed
eral securities during the week ended
April 7.
Acquisitions through Federal Re
serve Banks comprised $25,000,000 of
Government bonds and $32,000,000 of
Treasury bills, offset, in part, by sales
of Treasury notes totaling $28,000,000.
The transactions brought aggregate
Reserve Bank holdings of Government
securities to $2,459,000,000—$29,000,
000 over the same week last year and
the highest level since 1934.
The board’s decision to buy in the
open market came Sunday night after
a study of the erratic course of Gov
ernment bond prices, which had tend
ed downward for several weeks. In
formed authorities said the action was
designed to iron out sharp fluctuations
rather than to support the market.
Idle Cash Increases.
Purchases bolstered the supply of
idle cash in member banks which
sold Government securities, and this
was reflected in a $45,000,000 increase
in member bank reserve balances dur
ing the week to $6,684,000,000.
On April 1, excess reserves of mem
ber banks, which form the basts for
credit expansion, were estimated by
the board at $1,440,000,000, an in
crease of $40,000,000 for the week.
Money in circulation increased $10,
000.000 during the week ending April
7 to $6,387,000,000, or $481,000,000
over the same week a year ago.
“During the week ended April 7
member bank reserve balances in
creased $45,000,000. Additions to
member bank reserves arose from
increases of $35,000,00 in Reserve bank
credit and $18,000,000 in gold stock
and a decrease of $36,000,000 in Treas
ury deposits with Federal Reserve
banks, offset in part by increases
of $22,000,000 in Treasury cash. $11,
000,000 in non-member deposits and
other Federal Reserve accounts and
$10,000,000 in money in circulation
and a decrease of $3,000,000 in Treas
ury currency.
Inactive Gold Grows.
“Excess reserves of member banks
on April 7 were estimated to be
approximately $1,440,000,000. an in
crease of $40,000,000 for the week.
Inactive gold included in the gold
stock and in Treasury cash amounted
to $361,000,000 on April 7, an increase
of $18,000,000 for the week.
“Principal changes in holdings of
bills and securities were increases of
$25,000,000 in United States bonds
and $32,000,000 in United States
Treasury bills, and decreases of $28,
000,000 in United States Treasury
notes and $4,000,000 in discounted
bills."
BIG GAIN DISCLOSED
BY PROVIDENT MUTUAL
Special Dispatch to Tht Star.
NEW YORK, April 9.—New paid
life insurance of the Provident Mutual
Life Insurance Co. of Philadelphia
for the first quarter of 1937 amounted
to $20,235,000, an increase of $4,003,
000, or 24.7 per cent over the cor
responding period of 1936, according
to a statement made by M. A. Linton,
president.
Of this gain almost $2,000,000 was
recorded during March.
Insurance in force also increased
during the first quarter from $942.
946,000 to $948,461,000. Of this in
crease $2,475,000 was recorded in
March.
— ■■ ■■ ■ • ■ ■ ■
UTILITY PROFITS DROP.
NEW YORK, April 9 t*P).—Interna
tional Hydro-Electric System and sub
sidiaries reported 1936 net income of
$957,472, equal after dividend require
ments on $3.50 cumulative preferred
stock to 54 cents a share on the $2
cumulative class “A" stock. This
compared with 1935 net income of $1.
131,259, equal to 76 cents a share on
the class “A” stocks.
--•
POWER OUTPUT HIGHER.
NEW YORK, April 9 (iP).—Electric
output of United Gas Improvement
System in the week ended April 3
totaled 89,848,862 kilowatt hours, a
gain of 11.2 per cent over a year ago,
the company announced.
2:30
Stock and Sales—
Dividend Bate. Add 00 High. Low. dose.
Tob Prod Ext) 16c 5 3)4 8)4 3)4
Tob Sec(a59 4-5c) 1 171* 17'* 17)4
Todd Shlpyd <t2 1. 60s 64*4 64*4 64*4
Tonopah M (a6e). 10 1*4 1*4 1*4
Tr-Lux DPS t20c. 1 4*4 4*4 4*4
Transwest Oil Co. 12 13)4 12*4 13)4
Trl-Conil C war 6 2)4 2 2)4
TublzeChatllllon. 6 27 26)4 27
Tubize Ch A (bl)_ 7 70 70 70
fung-Soi Lamp n 4 7*4 7*4 7*4
Tunir-Sol L pf 80c 5 12 11*4 12
Ulen & Co 5% pf... 16 5 6
Unit Ou Corp 144 10*4 1014 10*4
Utd Gas war 6 2)4 2)4 2*4
United G C pf bl*4 1113 113 113
Unit Lt & Pw (A) 12 7*4 7*4 7)4
UnitLt&Pwpf 7 6314 51 62*4
Unit Shoe M t214 150» 86*4 86 86
Unit S Mch pf 1.50 110e 3914 89 39
US Foil (B)(1) 6 15*4 15)4 15)4
US&IS 1st pf bl!4 1 87>4 87)4 87)4
U S Lines pf _ 4 4 3*4 4
U S Radiator_ 2 1314 12*4 1314
Unit Stores rtc_ 1111
Unit Verde Ex (1) 2 3*4 3*4 3*4
Unit Wall Paper 13 6I4 6 6
Univ Corp’n v.t.c._ 10 8*4 8 8
Uta P&L pf b8714c 26» 67 67 67
Utah Radio Prod 2 4*4 4)4 4*4
Utilities P& L (d) 8 ' % *4 *4
Util P& L B (d) . 1 8*4 8*4 8*4
Utl) P&Lpf (d). 860* 19 18 18
Utility Equities 1 6*4 5*4 6*4
UtJlltv & Indus pf 1 4 4 4
Valspar vto _ 18 8 8
Venezuela Petrol. 3 2)4 2*4 2)4
Va Pub Svc Df (71 10i 9414 94)4 94)4
Waltt&B’d A a50c 1 10 10 10
Walker Mining 1 3)4 314 3)4
Wgyne Pump (60o 7 42 40*4 41*4
Weisbaum B B 40c 2 8*4 8)4 8)4
WelltnOilot Del. 8 11*4 11)4 11*4
Wentworth Mfg n 4 7*4 7*4 7*4
W Va Coal & Coke 6 6)4 6)4 6I4
Westn A E (a25c) 1 1014 10)4 10*4
Western Auto Sup 4 29)4 29 29)4
Westn Tab&St(2) 1 29)4 29)4 29)4
Will 011-0-M a50o 19 9 9
Wil-low Cafeteria 2 1 1 1
Wil-low Cafe pf . 1 5)4 6)4 6*4
Wolverine Port C. 2 6*4 6*4 6*4
Wolver Tube b20c. 12 16 15)4 16
Woodley Pet t40c. 3 10)4 10 10*4
Wrlgrbt Harg V4(*c 16 7)4 7*4 7*4
Ygstn Stl Door(2) 6 73 68)4 78
YukoD Gold (a 13c I 18 314 3)4 8)4
Dividend rates In dollars based on last
quarterly or semi-annual payment. tAn
nual rate—not including extras j Ac
cumulated dividends. a Paid last year,
b Paid this year d Companies reported ai
being tn bankruptcy or In receivership, or
being reorganized under the bankruptcy
act. or securities assumed bv such com
panies. >
-How the Price of Phillips Petroleum
Stock Has Fluctuated During
the Last Four Years
Price* of Phillip* Petroleum Stock, 1933-1937 oouars
PI* SHAKE r r»$HAU
l'|ITIIIII!ll|||||||||||lH"^"llllllll IIIIIIIIIIIINir
40 _ . Earning* _Amounted to
Amounted to 36 Earning* $3.23 per Share j
Cent* per Share Amounted to in 1935. Stock mJ
50 - in 1933. Stock $1.39 per Share _ Sold Between “ cr
Sold Between in J934. Stock “ "' 4.26 and 12.38 ' “ 50
13.19 and 52.08 Sold Between Time* Earnings | I I I I I I I I I I I I
40 - ■ Time* Earning* 9.62 and 14.93_ _40
Time* Earning* Tl |n |929 Earn|ngi
in Amounted to
Amountai to " '' P»r.S^ 30
$4.02 per Share Stock Sold
20---l-i I I 1U .in 1936. Stock.__ BT^»*rL4-86 20
- ( . Sold Between and9(V! Tim« “
Jr T IT IT TT 9.48 and 13.03 ( ^raing*
|0--p | | | I I [■ | j j j- - Time* Earning*-10
Stock Exchange
« Closed
vLJ——LJ—La. a j—l_*—_ _■ Mill II 111 11 1* llll 11 o
JFMAMJJASONDJFMAMJJASON 0J F MAMJJASONDJFMAMJJASONDJ FMAMJ J A SON D
1*33 1934 1935 1936 1937
_Letter*_AboveAreJnitial*^of Month*: J for January, F for February, Etc.
Auto Production
Climbs to 100,470
Level for Week
By the Associated Press.
DETROIT, April 9—Ward’s Re
ports, Inc., today estimated the cur
rent week's output of motor cars at
100.470 units, compared with 97,710
last week and 110,190 in the like week
of 1936.
Cram's Reports placed this week's
assemblies at 98,910, compared with
95,827 last week and 112,818 in the
corresponding week a year ago. Cram's
placed General Motors’ assemblies this
week fit 51,080 units, against 48,293
last week.
, Ford output was estimated at 34.850,
against 34,800 last week. Chrysler,
Hudson and Reo were out of produc
tion.
'■ •
CHICAGO LIVE STOCK.
CHICAOO. April 9 (U. 8 Department
of Agriculture1.—Hogs. 8.000. including
4.000 direct; market generally steady to
3 0 lower than Thursday s average, pack
ing sows steady, top 10.2o; bulk, good
and choice. 200-320 pounds O.pnalO.15;
good and choice 150-100 pounds. 0.35a
I 10.05; bulk packing sows. 9.40*70.
Cattle. l.OOO: calves 500. clean-up
market fully steady, holdover from earlier
in week comprising bulk of crop; steers
selling at H.ooa 10.00. with best around
11.25: these prices unevenly 25 to 40
under late last week; common kinds only
weak to 25 lower: undertone still strong
on strictly choice weighty steers Stocker
and feeder demand continues narrow with
1 supply in second hands fairly liberal; all
' she stock strong all classes well cleaned
i up on early rounds: most cows 6.00 down:
| these comprising cutters and common beef
! cows: common to medium grade heifers,
i 8.5o dow'n to 6.50: light vealers 25 lower,
others steady: practical top 0.50: mostly
7.50a8.50; market ruling 50al.25 under
week ago.
Sheep. 11.000. including .3 500 direct’
market generally steady on fat lambs and
sheep; extreme top lambs 10 higher; good
and choice Colorado and Nebraska fed
Iambs 12.00a25: bulk. 12.15 upward; top
paid on one load; choice fed lambs from
nearby territory. 12.35 to shippers;
choice ewes. 6.50 down.
NEW YORK SUGAR.
NEW YORK. April 0 tjp>.— Raw sugar
was easier early today and prices declined
- Points under Increased offerings, with a
sale confirmed of 22.000 bags of Cubas
lor prompt shipment at 3 43.
Futures were easier especially the No.
■4 contract, where there was further liqui
dation and hedge selling which uncovered
stop orders and appeared to be influenced
by the decline in London. Uncertainty
over the outcome of the world sugar con
lerence also was a market factor.
The No 3 contract declined in sympathy
with easiness in the stock market and
fears of further delays In the passage of
the sugar tax bill at Washington. No 4
contract at one time was 21? to 4 points
net lower, but towrard midday there was a
j partial recovery and renewed commission
i nouse buyine on news President Roosevelt
! knew nothing of any plan to change the
i Rom-buying policy. July recovered from
\ T,V2, t0 ®nd September from 1 20 to
1.30 leaving the list at midday about Pa
to P-2 points lower. The No. 3 contract,
after celing 1 to 3 points lower, was un
changed to 1 point higher at middav as
July and September recovered from 2 4K
to , r»<> Refined was unchanged at 4 so
for fine granulated with a moderate in
quiry reported.
------.
MONEY MARKET.
c.„NFW YORK’ April ii f/Pi.—Call money
-teady l per cent all day; prime com
mercial paper. 1 per cent: time loans
steaay. days. Pi: 4-o months. p2
. c^nt; bankers' acceptances unchanged:
rediscount rate, New York Reserve Bank,
1 Va per cent,
METAL MARKET.
NEW YORK April P f/P».—Copper un
settled; electrolytic, spot and future. 15.50;
export. 15.50a75. Tin steady: spot and
nearby. 60.37,/2a621^: future. 59.871 -a
Jj€&d steady: spot New York rt.oo
ab.Oo. East St. Louis. 5.85. Zinc steady;
r»ast st. Louis, spot and future. 7.00. Iron,
aluminum, antimony, quicksilver, platinum
and wolframite unchanged.
____
FIRST M ORTGAGE L OANS
j District of Columbia—
Nearby Maryland—
and Virginia—
Homes
Apartments
Business
Properties
Terms from
3 to 15 Years
Also Monthly Payment Loans
Randall H. Hagner & Co.
Incorporated
—
MORTGAGE LOAN CORRESPONDENT
New York Life Insurance Co.
1321 Conn. Ave. N.W. DE. 3600
I _•
First
Trust
Loans
For Purchasing a Home or
RE-FINANCING
EXPIRING TRUSTS
NO COMMISSION CHARGE
NO RENEWALS REQUIRED
Terms Arranged on
Easy Monthly Payments
OUILOIHG 4 LOAs
ASSOCIATION COUNCIL O C
RATIONAL
T^&ttncment
BUILDING ASSOCIATION
| uNota sutcavisios I
«r v % ▼atAsuay g
| OA9 NINTH STRUT, |
UNIVERSAL CORP. ISSUE
IS ADMITTED BY CURB
By the Associated Press.
NEW YORK, April 9—The New
York Curb Exchange has authorized
admission to trading of Universal
Corp. common stock voting trust cer
tificates, effective April 9. The com
pany is a holding concern with con
trolling interest in Universal Pictures
Co.
TOBACCO VOLUME DOWN.
NEW YORK, April 9 (^P).—Business
of Porto Rican American Tabocco Co,
for the first three months of 1937 was
behind that of last year, J. M. Por
ter, president, said at the annual
stockholders’ meeting.
-* . . . -
SHORT-TERM SECURITIES.
(Reported by Chas. D. Barney A Co •
Bid. Offer.
Am. Tel. A Tel. 5'is. 1043 112% 113
Auburn Auto Co. 4%s, 1930 71 83
Cal Packing Corp. os, 1940 103% 103%
Caro., Clin. A Ohio 5s. 1938 10412 105
Ches. A Or.io Ry 5s. 1930 107 107%
Ed is. El. Illu. 4s. 1939 105 . 108%
Gen. Pb. Svc. 5%». J039 . .102 102%
Gr. Rap. A Ind. 4%s 1941 ___ 109%
Houston Oil 5%s. 1940 102V* 103
Int. Mer. Marine 0s. 1941 88 89
Int. Tel. A Tei. 4%s, 1939 81 81%
Laclede Gas L. 5s. 939 92 N 94
Lehigh Val. Coal Os. 11*38 99% 99%
Lehigh Val T. Ry 5s, 1941 10H% 107%
Long Island Gen. 4s. 1938 102 103%
Lou. A Nash. R. R. 4s. 1940 1 Oft lod%
Mich. Cen. R. R. 4s. 194m 103% J05%
Mid R. R of N J. 5s. 1940 70 71*
Milw. A Nor R. R. 4%s 10.30 00 99
N Y . C). A S.L. 0% notes, 38 100 loo%
N Y. Dock 5s. 1938 . .58% 59
N. Y , Sus A W 5s. 1940 _ 49%
N Y. Tel. Co. 4%s. 1939 100% loO%
Pac R R. of Mo 4s. 1938 101% 101%
Penn-Dixie Cement Os. 1941 99s* 100
Penn. R R. Co 4s. 1943 llo 112
Rio Gr West 4s. 1939 72 73%
So Bell Tel. A Tel. 5s 1941 100% 108
Ter R R. As. St L. 4%s. ’39 105% 107%
Vanadium Corp 5s. 1941 103 1<»0%
Vertientes Sue. Co. 7s 1942 27% 30
Wabasn Ry. Co. 5s. 1939 loo% looy4
Warner Bros Os 1939 94% 95
West. N Y. A Pa. 4s 1943 108% 110%
West. Union Tel. 5s. 1938 101% 103
---
INSURANCE STOCKS
NEW YORK, April 9 0P—New York
Security Dealers* Association:
. Bid. Asked.
Aetna Cas (2a) _102(2 106*4
Aetna Ins (1.60) _ 45(2 47Va
Aetna Life (.80a) _ 29‘4 31*4
Am Equit < 1.60a) __ 4114 44‘S
Am Ins Newark (Via) 12V4 1.334
Am Reins (3) _ 42Va 44*2
Am Reserve (la* _ 3(>V4 32*4
Am Surety <".'2) _ _ 54 12 5oyk
Automobile (1 a» 31 33
Balt Amer (20a) __ 7*4 8*4
Carolina (1.30) 2634 28'4
City of N Y (1.20) _ . 27 28Va
Conn Gen Lif < HO) 37 3H12
Contin Cas (1.20) _ __ 27*2 2934
Fid <fc Dep <4* _ __ 133 136(4
Firemens Nwk (.30) 11*2 13
Frank Fire (la* .. _ 29*2 31 (4
Gen Reinsur (2) __ 45*2 47*'2
Glen Falls (1.60) _ 4]*4 433'4
Globe A Rep (.80) __ 2<)»4 23(4
Globe A Rut _ _ 65>4 69
Great Amer (la) _ 25V2 27
Hanover (160) __ 34*4 36(4
Hartford Fire (2)_ 6 634 6K3/4
Home Fire Sec _ 6V4 6Va
Home Ins (la* _ 36 38
Homestead (1)_ 18*4 20
Maryland Cos _ 6*4 7
Lincoln Fire _. . 434 5*4
Mass Bond (3Va)_ 60* 2 63* 2
Natl Fire (2) _ 62 (4 64*4
Natl Liberty (.20a> _ P 10V*
N Hampshire (1.60) __ 43 4434 ,
N Y Fire (,80a) __ _ 2P2 24(4
Nor River (1)_ 25'/2 27
Phoenix (2a> . __ 89 93
Prov Wash (1 * . _ 36 38
St Paul Fire <6) ___ _ 205Vi 211
Springfield <4‘asa) _ 119*'2 122*4
Sun Life <3*4R» _ .. 700 750
Travelers d6) _ 468 478
U S Fire (2) _ 51*4 5334
Westchester (1.20a) 34*4 36* 4
a—Also extra or extras
g—Declared or paid so far this year.
BOSTON WOOL MARKET.
BOSTON April 9 iff* (Dnitfd State*
Department of Agriculture*.—Business
was slow in the wool market today as
mills restricted purchases to small quanti
ties for the most urgent immediate needs.
Recent sales have included fine terri
tory wools in original bags at steady
prices ranging mostly 1.00-02. scoured
basis, for bulk short French combing
length, and 1.03-06. scoured basis, for
average to good French combing length.
Buyers showed little interest in country
Dacked lots of three-eighths and quarter
blood Ohio. Michigan and Indiana bright
fleeces, which were offered at 45-46 cents
in the grease, delivered East.
INSTALLMENTDEBT
HITS NEW PEAK
Outstanding Volume Climbs
50 Per Cent Above
1929 Levels.
Special Dispatch to The Star.
NEW YORK, April 9—Installment
sales and the outstanding volume of
installment debt reached new peaks
in 1936, representing an expansion of
50 per cent since 1929. according to
estimates of the index of the New
York Trust Co.
It places the total of such sales
during the past year at $9,000,000,000
and the outstanding debt at approxi
mately $3,000,000,000. Two-thirds of
all sales of automobiles are reported,
by the bank review, to have been on
an installment basis, in comparison
with about half in 1929. while whole
sale, or dealer financing, by sales
financing companies has increased
even more.
"During the past few years, more
over," the index says, "the record of
the sales installment finance com
panies has bee- excellent. Through
out the country collections were uni
formly good, even in depression years,
and while the comparative loss ratio
did decline as a result of adverse
economic conditions, it never reached
serious proportions. Through lower
rates, extended terms and smaller
down payments, the ease of financing
new purchases has greatly increased
from the consumers’ point of view.
"While the strong capitalization of
the leading finance companies and
their satisfactory experience have en
abled them to extend these more fa
vorable terms without immediate risk,
there are dangers inherent in present
practices which are emphasized by the
keen competition prevailing in the in
stallment finance field and the pros
pects of such competition increasing.
“Nevertheless, it may be said that
installment purchasing is here to stay
and that finance companies may well
experience a further expansion of
their business."
OFFICE FURNITURE
WE SELL, BUY OR EXCHANGE
Desk* Steel Files
Tables Steel Cabinets
Chairs Safe*
BAUM’S FURNITURE HOUSE
1416 Eye St. N.W. Phone NA. 2181
Money for Construction Loans
and
Loans on Improved Properties
Prevailing Rates
FIRST DEED OF TRUST ONUT
GEORGE I. BORGER
643 Indiana Ave. N.W.
Nat’I 0350
Jtfember Federal Reserve System
AMERICAN SECURITY
AND TRUST COMPANY
WASHINGTON, D. C.
Condensed Statement of Condition
as of March 31, 1937
RESOURCES
Cash on Hand and Due from Federal Reserve
and Other Banks .:.. $15,705,766.96
U. S. Government Obligations, Direct or Fully
Guaranteed. 25,437,505.38
State and Municipal Bonds.$323,620.56
Stock in Federal Reserve Bank. 204,000.00
Other Securities.2,955,607.02
- 3,483,227.58
Loans and Discounts. 13,265,828.27
Accrued Interest Receivable . 218,318.90
Banking Houses, Vaults, Furniture and Fixtures
and Other Real Estate Owned. 3,006,996.48
Other Resources .v.. 99,405.86
Total Resources.$62,217,049.43
LIABILITIES
Deposits . $53,816,296.35
Reserve for Interest, Taxes, Expenses, etc... 142,139.53
Capital Stock.$3,400,000.00
Surplus. 3,400,000.00
Undivided Profits. 1,136,221.73
Reserve for Contingencies.... 322,391.82
Total Capital Funds . 8,258,613.55
Total Liabilities.. • • .$62,217,049.43
FIVE CONVENIENT B A N K I N G . O F F I C E S
Main Office: fifteenth street and Pennsylvania avb.
CENTRAL BRANCH
7th «nd Massachusetts Ave., N. W.
NORTHEAST BRANCH
Eighth and H Streets, N. E.
SOUTHWEST BRANCH
Seventh and E Streets, S. W.
NORTHWEST BRANCH
1140 Fifteenth Street, N. W.
Member Federal Deposit Insurance Corporation.
Capital, Surplus, Undivided Profits and Reserves
$8^58,613.55

Evening star. [volume], April 09, 1937, Page A-19, Image 19
About Evening star. [volume] (Washington, D.C.) 1854-1972

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Evening star. [volume], April 09, 1937, Page A-19, Image 19
About Evening star. [volume] (Washington, D.C.) 1854-1972