Evening star. [volume] (Washington, D.C.) 1854-1972, May 04, 1937, Image 15

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Evening star. [volume], May 04, 1937, Page A-15, Image 15
About Evening star. [volume] (Washington, D.C.) 1854-1972

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Evening star. [volume] (Washington, D.C.), 04 May 1937. Chronicling America: Historic American Newspapers. Lib. of Congress. <https://chroniclingamerica.loc.gov/lccn/sn83045462/1937-05-04/ed-1/seq-15/>

Newspaper Page Text

FRACTIONS 10 C
Gulf Oil. Aluminum Co. and
Newmont Among Lead
ing Gainers.
•y the Associated Press.
NEW YORK. May 4—Buying
broadened a little in the curb market i
today, giving many issues gains rang
ing from fractions to around 2 points.
Gulf Oil. Aluminum Co. of Amer
ica. American Meter. Newmont, Amer
ican Light & Traction and Wayne j
Pump divided the largest advances.
Utilities had a number of modest
Rains. Several oils followed a rise in j
Gulf. Pan-American Airways, Sun
shine Mining and Great Atlantic &
Pacific were a little lower.
21 Per Cent Rise
In Buying Power
Is Anticipated
Bpfcial Dispatch to The Star.
NEW YORK, May 4.—The esti
mated consumer income for the next
six months in the United States shows
an increase of 21 per cent over the
same period a year ago. according to
the Brookmire Income Map. It is also
estimated that the consumer income
In this country for the next six months
will be 39 per cent greater than the
average of the same period of the last
three years.
It appears that the income outlook
continues to favor relatively active
retail trade, despite the fact that rises
in retail prices may be expected.
Incomes from manufacturing in
dustries should resist seasonal tend
encies during the next month, though
during the Summer months downward
tendencies may well be experienced.
LAKE ORE SHIPMENTS
FAR ABOVE ESTIMATES
Bv the Associated Press.
CLEVELAND, May 4.—Lake ship
ments of iron ore during the past
month totaled 3.770,555 tons, the Lake
Superior Iron Ore Association report
ed. This is far in excess of recent
forecasts and compares with move
ment of 19,445 tons during the same
month last year.
Observers considered the showing !
remarkable in view of the fact ship- ;
ping was blocked until the middle of
the month because of severe icc con
ditions in the Straits of Mackinac
and the upper rivers and lakes. Last ;
year navigation opened some two or
three weeks later than this year.
—- •- —
DIVIDEND IS ORDERED.
CHICAGO, May 4 (4h,—Directors of
(South Bend Lathe Works. South !
Bend, Ind., have voted a regular quar
terly dividend of 40 cents on the cap- j
ital stock, payable June 1 to stock- i
holders of record May 15. Tilts repre
sents an increase of 10 cents a share j
Quarterly.
I “ --- I
CURB BONDS
DOMESTIC BONDS.
High. Low. 3 pm.
Ala Power fis ’40 A . In]7* HU7, 1017,
Ala Power 5s ’51_ OS 98 PS
Alum Co 5s *52 _ 105*2 3 053* 105*2
Am G Sc E 6s 2028._ in? 107 107
Am P Sc L Os 2010 P4 * b 94 U 94* 2
Am Rol Mill 5s 48_lo25* 102U 103U
Appalach E P 5s '50 _ loo3, loo1 * lor, *8
Ark PAL 5s 50 . ps*2 98 U PS1 -
As El Ind 4 ■ 2s .. 312 3* .ill1*
As G Sc F, 4 2 'U> 40 p *0*2 40 U
As G & E 5s 08 _ .'•ii12 5i» 5n*2
As GAE 5 Us inv ct _ _ M12 mi SI*.
As T AT 5 .s '55 A 84 U 84 ** 84 U
Bald L Os \*js xw stp ]K3*r iso1* 18..'*
Bell T C 5s tin C 118*2 118*2 118*2
Birming Gas ;>s '50 7;? ;:j 73
Can No Pw 5s 5:’. A lt»3U 303*2 lti.'i'j
Cen II P S 4 1 til F os1* 07* > os1*
Cent 111 P S 5s *>S G 1 *»*: U ]o7U ii»2».
Cent I P S 4 U s s 1 H 90 or,
Cent Pw a It 5. 50 «• * :• ; *
Cent St E! 5> 48 5s'* 5s 5s'*
Cent St El 5 Us ’54 n ' ,Vi'( tin
Cen St P A L 5Us 53 03* * til3* til U*
Chi Di El 4 Us ;ti A Ion1* lo5>* 1«*5U
Chi Rys 5s ’27 cod In * 7o3* 7o3*
Cin Str R 5Us *52 A 05 05 05
Cities Svc 5s '5o 7 3 72 7 23*
Cities Svc 5s 'tit'. 72*2 72U 72U
Cities S Gas 5Us 42 loo»2 loo»2 100*2
Clt S PAL 5 Us '57 70 t'.S 711
Clt, S PAL 5Us ’4 0 7 1 00 *2 no3*
Comw Ed is 5s '53 A 3 12 112 3 12
Comw Ed 4Us '50 C _ 11 o5* 1 1 os, 110U
Oomw Ed 4s ’81 F 105*n 1<»5 1<»5
Comw Ed 33*s ’05 H _ 1 031 2 103*4 1 ti31 *
Con Gas Ut Os '4;; st. 7SU 7SU 7SU
Cont GAE 5s *58 A so 8S7, S873
Detroit, C G Os 47 A 107 107 307
, Der Clt Gs 5s *50 B 305 3* 105*2 105U
DeT Int Es: OUs 53 _ P 8U SU
Dixie G G 0*2s 37 A 101 U 161 U mi *«
East G A- F 4s *50 A SOU SO SO
El Pw A Lt 5s 2030 S4U S35, 84
Emp Dis El 5s ’57 07 07 07
Firest Tire 5s '17 lo5 105 105
Florida PAL 5s '54 07 OP* 013 *
Gary E&G 5s ’4 4 xw stp 08 * Os3* Os *
Gatineau Pw 5s 50 ]«»1 1 on3, ] tu»“R
Gen Bronze Os 10 sup* 003* PM3*
Gen Pb U »>* , s '50 A 873* K73* ST-W
Gen W.WAE 5s ’43 A _ SO3* so*4 SO3*
Georgia Pw 5s t.: __ P7U 07 07
Georgia PAL 5s '7* 75** 751* 75**
Grand Ir Wo 4s '."»«• OKU PsU !»8]2
Hall 1WF1 ti.s ’«'•* sip_ 00 08*2 00 .
Ill Pw A L Os 53 A 304*2 103*2 103*2
111 PwAL 5 Us '5 1 B 3 02 102 107
111 Pw A L 5s '50 C 08** 073* OH1*
111 Pw A Lt 5Us '57 00 U 05 00 U
Indian E C 5s '51 C 01 so 01
Indiana Ser 5s 5u To 0s*2 00U
Indiana Srr 5s '03 A «in*2 os t;pia
•Indnap PAI 5s ’57 A lOfi’2 100** 100*2
Interc Pw Os '48 A 8 S S
Interst Pw 5s 57. r>7 01U 61'2
Interst P S 5s '50 D 835a 825a S2R,
Interst P S 4 Us 58 p 7 s7* 78 78'H
Iowa-N LAP 5s ’5 7 A._ 102** 1071* 103**
Ioua Pub Sv 5s '57 3 03*8 103 103
Jer C PAL 4 Us 01 C 3 04U 104*2 104U
Jer C PAL 5s 17 B __ 104** 11»414 104 «4
Kentucky Ut 5s 01 07*2 02 0”U
Kentucky U 5s 'Hit I 01 *2 01U 91'
Lehigh P S Os 707ti A 3 07s, 107s, 107s,
La Pw A Lt 5s '57 3 05 lo47a lf>47s
Miss Pow 5s 55 _ 85 85 85
Nat, PAL Os 7o7ti A __ 07 00s, 01;»B
Nat PAL 5s 2030 B 84 U 84U 84'*
Vn ort Poi FI \ - n i.m.1 ../-.i
New E GAE 5s ’47 . 71 7, 71 7, 71’1
New E GAE 5s '48 _ 71", 71", 71"?
New E GAE 5s 'SO... 71", 70", 71",
New E Pw 5s '4 8 07", if’", if’".
New E Pw 5'2s '54 00', nii', no',
N Y S E&G 4'2s '80 100',, 100', 100',
N Y A W Lt 4s 7004__ 107 101", 10°
Nor A LAP 5'.s '50 n.'|>, ■*;{', nil',
Ohio Par 4'3s '50 D . 105", 105", 105",
Pac PAL 5s '55 77s, 77'2 77",
Penn El 4s '71 F ... 047, 04’2 04',
Penn O E 0s 50 A . 101 101 101
Peon GLAC 4s '81 B ._ fl'. 111 0)
Phil* El P 5'.,s 77_110", 110", 110*i
Phila Rap T 0s '07_ HS'.j 05’ ■ o>'2
Pitts Steel Os '4S _ 1 on 10:1 " 10:1
Portland GAC 5s '40 78'; 78'2 78'2
Potomac E 5s 50 E ..107 J07 107
Pub Ser N J Os ctfs . l.'tl 1:10'iMO'i
Pub S N I t’2s '78 D. 107', 107', 10'",
Pub S N 1 4'2s '81 F _ 107", 107", 1 Of’",
Pub S Okla 4s '00 A 100", 100", ino».
Pur s PAL 5'2S 40 A 88'2 88 88
Pub S PAL 4'2s 50 D.. 80‘, 80', SO',
Quebec P C 5s '08 A 104 104 104
Sou Cal Ed :t",s '45 __ 105"; 105'i 105'/,
Sou Cal Ed :t",s 00 . 101', 101 101
Sou Csl E :i",s '00 B . 1 01'2 101'i 101'2
Sou Cal E 1s '00 105’2 10S'-2 105'i
Sou Co Gas Cai 4'2s '08 104'2 104'2 10412
Sou Ind Ry 4s '51 78 78 78
Std GAE cv Os '.'15 mat 70", 70", 70",
Std GAE Os '51 A 80 80 80
Stand Pw A Lt Os '57 80 70 70
Super of 11 4'2s '08 105 104"; 105
Texas Elec 5s 00 __ 101"; 101 101",
Tex Pw A L 5s '50 _ 105', 104"; 105',
Tide Wat P 5s '70 A !)7'2 00’, n-t2
Twin C RT 5'2s '57 A 81 SO", 81
Un E L A P M 4'js '57 105", 105", 105",
Unit Lt A Pw 5'2s '59. 104 1O.T2 104
TJn't Lt A- Pw Os '75 70 7!' 70
Unit Lt A Pw o'.-s '74 81 'i 81'i 81 ",
Utah P A L 4'2' 44 00 00 00
Va Pub Ser Os '40 O.'t', 97>2 Oil’/,
Va Pub S 5'2s '40 A 101', 101 101
\a Pub Ser 5s '50 B 04', 04', 01',
Wash Gas Lt 5s 58 loti loo 100
Wash R A E 4s '51 1057, 1057, 1057;
West, News U Os '44 _ 01", 01", 01 s.
West Pa 5s 70.10 os', os', os',
Wis-Mtn L A- P 5s '44 100", 100", 100",
Wi" P A- L 4s '50 A DM'2 Oil Oil
Yadkin Riv P 5s '41 100"; 100"; lofi";
FOREIGN
Denm Mt B 5s '77 ix 07'2 07'2 nt'1;
Erro M El 0'.2S 5M A 70 7o 70
Mendoz P 4s '51 stp 00 110 no
Pied El o'as 'on A 70', 70 70'/,
ww—With warrants, xw—Without war
/arts, n—New. st trtpl—Stamped,
fNeBotlablllty impaired by maturity.
TCompanies reported in receivership.
-•-.
Southwestern Bell Telephone Co.—
.Company reduced Interstate toll rates
about. $460,000, to go into effect June
J. The lower charge* will apply in
•lx States.
NEW YORK CURB MARKET
By private wire direct to the Star.
All time shftwn below is daylight saving
on whirh the Exchange Is now operating.
2:30
Stock and Sales—
Dividend Rate. Add 00. High. Low. Close.
Aula Ansco _ 1 35 85 35
Alnstv'th M C b25c 8 16 154 154
Air Device Corn... 6 84 84 84
Ala Grt Sou <t3)-. 60* 78 78 78
Ala Pa r pf (6) . 20s 68*4 674 67*j
Alum'n Co of Am 50s 134 13844 1334
Alum (Am) pf (6 ) 200» 116 1144 1144
Alum Ltd cv pf (6) 2 129 129 129
Am Airlines. inc_. 3 234 234 234
Am Box B odd)-. 4 214 21 214
Am Capital (B)... 1 4 4 4
AmCItPSLlAil C0« 844 344 844
AmCrS I, A tv tv 2 \ 4 864 354 354
Am CIIP&L b ague 1 44 44 44
Am Cvnam B t60c 20 314 31 314
Am Dist Tel N J 5. 15s 120 120 120
Am U&F (1.40) 12 344 334 344
Am Gen C'p ia5('c, 2 104 104 104
Am Hard Rub(al) 60s 22 22 22
Am Faun'y A1 8oc_ 1 30 30 30
Am 1.4T ltl.20). 8 214 20 214
Am L&T pf (14 )_ l 284 284 284
Am Mfg Co ia3)25s 614 514 614
Am .Maracaibo .. 207 2 4 2 2
Am Meter (bioc).. 2 45 45 45
Am Superpower... 21 1** 14 1*4
Am Superpwr pf2 874 064 374
Anchor Post F ... 1 4 * 44 44
Angostura (t20e) 2 74 7 74
Appalach E P pf 7 20e 1074 1074 1074
Arciurua Kadlo X. 1 14 14 14
Ark Nat Gas _ 1 84 84 84
Ark Nat Q cu pf_ 1 84 84 84
Ark Nat Gas t A ) .. 16 84 84 84
Art Met W (80c).. 2 124 124 124
Ashland II&-K 14O0 1 64 64 64
As E 1 j.td t'llti 2-5. 2 12 12 12
ASsu (ias A Flee 3 14 14 14
AssoUiE lA) 8 34 34 84
Atl Coast FIs b35o 1 94 94 94
Atl Coast F a2 4 .. 10s 51 61 51
Atlas Corp war _ 6 24 24 24
Atlas Plyw'd(14) 1 23 4 23 4 234
Austin Sliver_ 7 24 24 24
Auto Products_ 3 7 64 7
Auto Vot Mch 30c. 4 104 10 104
Babcox & Wll (4 ) 100s 126 1244 126
Baldw F bd rtstd) 2 24 24 24
tor mm Stain Stl_. 3 6-'4 644 54.
Beech Aircraft 2 4!8 4 4l8
Bell felt fa pt 6 44 20. 1141* 114 1 1144*
Berkey&Uay E Co 6 t*s 2*. 2*8
berk&GK pur war 9 l1* 1'. ]'f
Bliss Co I E W ) 2 IS'* 17'g ]8>*
Blue llidge (bli,c) 3 3 .1
Blumenihal S _ 2 23!1 23 23
Bower Koll B (2). 2 29:. 29 * 29!!
Bow man-BUtmors 12 2 2
Brazil TE&P 4(JC_. 3 23 1 22*1 234*
Brld pi Alch b2oo. 2 19*. 19*. 19?.
Brill Corp iAt_ 1 1UH 104. 104j
Brown Co pt 160* 7244 72 72
Buff Isiag&E 1st 6 60s 99,44 9944 9944
Burry Biscuit .... i 64* 6.4g 64,
Cables&Wirel'ss A 1 l'i 141 144
Jan CarAEdry pt. 60s 254. 25 254.
Can Indus Alco A. 1 6'* 5*1 5>*
Can Ind Alco IB). 2 «»* 4>* *»4
Capital City P 6uc 2 234. 23 23‘.
Carlb Syndicate . 21 24. 2*4 24.
Caro E&P pf (7).. 10« 954. 954. 964.
Carrier Corp_ 7 49*j 49 494.
Carter (JW) 80c.. 1 10** ic* 10'*
Casco Prod b2 % .. 2 3144 31, 314.
Callln Corp .a-mc) 1 7** 7-'* 71*
Celanase lit pf t7.260» 112 121 122
Celluloid Corp pf 60s 6044 5044 5044
Celluloid 1st pf b2 20. 1044. 1014. 10444 !
Ceil Hud GAE 8Uc 4 16 16 lb
Cent Ohio Stl b»0c 1 14*4 n*t i4*t
Cent A S VV Liu 1 3*1 3*. 3*.
Cent Slates Elec . 4 1*. 1*. 1*.
Cent St El cv pt n. 26. 17 17 17
Cent St El 6% pt. 75. 17*4 17 17*-*
Cent St El 7 % pt. 26. 34 32 34
Centrif Pipe T«oc 1 6'j 5*4 6*4
Cham MetWs t80c 1 19 19 iy
Charls Corpil 4. 1 13*. 1344 13H
Cities service_ 31 3*. 34. 358
Cities Service pf.. 7 62 614. 62
Cllles Svc pf B_ 7 4'* 4** 4*,
Cities Svc pfl BB) 10. 4' 48 48
City Auto S( T6Ue> 1 10*4 10s8 1054
Clark Con lb50c)_ 1 88 38 38
Claude »Neon Eta.. 6 3 2*g 2’4
Clev Tractor _ 6 14 13‘* 14
CUnchtield Coal_ 17 7 7
Colon Eev Eta_ 4 6>4 644 64.
Colo Kuel&lr war. 4 174| 17 174.
Columb O&G b20c. 18 8 7*4 71*
Co wlm Disi aloe. 1 144 14. 14.
Comwlth Edls T4_ 2 1124. 11 14. 1124.
Com will) <st S war 15 4 *» 4
Cons Aircraft_ 3 26 24,* 25
Consol Biscuit 6O0 2 64 5*4 6*4
Consol Copper .. 52 84 9*4 a*.
Consol Gas Ctll... 4 254 24 24
Consol Rpt S pf (8) 10* 122 122 122
Consol Steel Corp. 16 114 104 114
Cont'l Roll & S Fy 2 214 21 214
Cooper Bessemer. 2 24 23*4 234
Copper Range 1 11*4 114 ri*
Cosden Oil Me (d) 4 14 24 24
Creole Pe: laoOc). 20 3.'4 344 35
Crocker-Wh alOc. 2 HR HR 144
Croft Brewing_ 17 4 »* 14
Crown Cent 1 a6c 18 24 24 24
Crown Dr (b20c)_. In 4 34 34
Cusl Met Milling 16 4 * *
Dayton Rubber 5 24 234 24
Dayton Rub A(b2)100i 314 30v. 314
Derby on & liel 2 7*. ,4 74
Detroit Gasket tl- 5 184 17 , 184
Det Gas pr (1.20). 1 18*. 18*4 184
Domm S&C (Bt .. 5 10 194 20
Douglasi W D) pf 60» 41 41 41
Dow Chemical (3). 2 1444 144'* 1444
uobelier Condens. 2 34 34 34
Duke Power (2).6O1 73 73 73
Duval TexSaaOc. 8 84 84 84
tag I’it Lead blOc. 1 194 194 194
East n G&F Asso . 1 64 6*4 64
Estn G&F As pf 3.250» 45 434 434
Kast Mali Ir al.30. 26« 244 24 4 2*4
Kast’n St Pw (B). 1 67 67 67
Kasy W M(B)b25o 2 104 10*4 104
Kisler Klee ia5c)_ 1 24 24 2**
Klee Bond & Share 85 I94 194 134
Klee li & S pf (5).. 2 67** fc6** Ht»*
Klee B & S pf (6)- 2 764 764 764
Klee P&L opt war. 2 54 84 84
Klee Sharenoldlng 2 44 44 44
Kiec Sh pf ww (6) 50» 82 82 82
K1 Shov C 1st pf 100i 184 I84 184
Electrol Inc v.t.c.. 1 34 3. 3>s
Elgin Nat W b50c. £0s 35 35 35
Emp GA2F I % pi 50s 614 63** 631*
Emp Pwr pt b50c-.200s 304 304 304
Equity Corpialuc; 10 24 24 24
Eutop'n El bd rts. 2 4 4 »g
Evans Wall Lead 11 14 1*5 14
Evans Wall L pf .160 . 294 28 4 294
Excello Alr(b20c). I 22 22 22
Fairchild Av al6c 8 7 64 64
Falstaff Br (t 14 )■ 7 94 94 94
Fanny Farm C(l). 1 204 204 204
tansleel Metal . 1 15 15 15
Fedders Mfg b25e. 1 15 15 15 *
Fldello Brewery_ 11 4 4 4
Fisk Rubber- 12 154 15' 154
-— — -W! mo id
Ford Ltd alSl-iOo 3 6)4 6*4 bH
Ford (Cam A ( 1 ) 1 25 25 25
Ford M(Can)B<l) 100» 26 26 26
Fox (P) Brew 80c 2 9)4 914 9^
Frankltn Ray a60o 2 12H 12)4 12)4
Froedt't cv pf 1.20 250b 17)4 17 17^
Gen Alloys . 2 3)4 3)4 3)4
Gen Flrepr'f b25c. 2 19t, 19^ 19^
Geu invtMi Core 7 1^ li*
Gen lnv Corp pt .. 4 90!, 89)4 90'4
Gen Teleph (b25c) 4 17)4 17*4 17)4
Uen Tire & Rub 2 32 32 32
Gilbert!AC)pf 3)4 10b 41 41 41
Glen Alden C <fl) 3 1114 ill, 114
Goldfield Consol-- 3 ** 14 ,4
Grand Natl Films 5 295 2)4 2)4
Grt A&PTnv t6. 40b 102 101 101
Greenfield T & D... 2 14*4 1414 1414
Groc Store Prod_ 1 6)4 6)4 bH
Guardian Invest— 1 ’* *4
Gulf Oil (Pa) b26o 6 67)4 66)4 67
Hall Lamp (SOcl.. 2 6)4 6)4 5)4
Hat Corp (B) 80c- 1 11)4 11)4 njj
Haarn Dep S bl.65 2 15*4 16*4 15*4
Hecla Mining b45c S 17 17 17
Helena Rub (A) 1. 1 10 10 10
Heller (WE) t40c. 1 7)4 7)4 7*4
Heller pf ww 1 % - 60s 25 25 25
Holllnger (t65c) _. 1 11"4 11J4 11)4
Hudson BM&S (1) 8 3OJ4 30 30)4
HumblsOU (1)4 ). 2 79 79 79
Hygrade Food 14 4 4
Illinois Iowa Pow- 4 11)4 1154 11)4
111 Iowa I’w d ctfs. 5 13)4 12*4 13
111 Iowa Pw p£ 2)4 3 33*4 32)4 33)4
imp Oil Lid T5UC 3 2l)j 21*4 21)4
Indiana Svc 6%pf 10b 25 25 25
Ind ap P&L pf 6)4 25b 92 92 M2
Indus Fin 7 % pf 60s 14 14 14
Ins Co of No A t2 250b 67)4 66)4 67)4
inti Hy El S cv pf 1 19 29 29
Inti Metals Inc A 75b 13)4 13)4 13)4
Inti Petrolm tl % - 28 35)4 35 354
Inti Products _ 1 6)4 6*4 6*4
inti Utli (B) _ 1 1)4 1)4 1*4
Interst P( Dellpf 20b 12*4 12 12*4
lnv Royalty (16c) 1 •* *M •„
Iron Fire vto 1.20. 60b 21!| 21)4 21)4
Jacobs! FL)Co(l) 4 1RJ4 16 16)4
Jones*Laugh Stl- 4 1C8 106)4 108
Ken RT&L A a76e 2 22)4 21 121
Kings Co Lt pfD 5 10b 63 63 63
Klnsston Prod «0o 6 6*4 6)4 6*4
Kirby Petrol (20c) 16 8 6
2:30
Stock and Sales—
Dividend Rate. Add 00. Rich. Low. Close.
Koppers pf (6)_25a 1084 1084 1084
Lake Sh M (T«)_ 7 604 604 604
Lakey Ey * Mach. 4 64 64 64
Leh Coal &N 30c_. 8 84 84 84
Leonard Oil _ 19 14 14 14
Lion Oil Ref (1)__ 5 23 £ 2 4 224
Lit Brothers _ 1 64 64 54
Locke Stl Ch t*0c. f 1 164 164 154
Lockheed Aircraft 9 124 124 124
Long i L pf A (7). 60« 81 81 81
Lone Star Oas 8C0 13 124 124 124
Loudofl Packing2 44 44 44
La Land (40c) ... 11 124 124 124
McWilliams D <t2 8 294 29.4 294
Mangel St pf (B)_. 10a 83 «H B3
Marlon Steam Sh 1 164 164 164
Maas Util Assocla 3 3 3 3
Massey Harris ... 2 134 13 13
Master Elec (1) _ 1 24 24 24
Mem Nat G (blOc) 4 6 64 6
Mesa hi iron 1 4 *2 *1
Merritt Phan * S 2 64 64 64
Metal Textile 40c. 6 3 8 3
Mex-Ohio OH_ 3 24 24 24
Mich Bumper C_ 1 24 24 24
Mich Oas & OH_ 2 I04 94 94
Mid Sta Pet l A)._ 3 64 5 5
Mid Sta Pet (B) __ 4 14 14 14
Midvale Co <b75e) 26i 83 83 83
Midwest Oil (til . 4 1(>4 104 104
Minn M&M h40c10» 344 34 4 84 ,
Mock j udson 60c 1 134 134 134
Molybdenum Corp 2 9 84 84
Mont Ward A (7). 60» 144 144 144
Moore Distillery . 8 44 44 44
Mount Prod (Kin-l 4 «4 64 64
Murray (Ohio)b30c 2 26 26 26
Nacnman Spr<a 1) 2 184 >84 184
Nut Bella Hess 7 24 2 2"
-N.'lt'l Coiitain'a.'ii'o. 4 124 124 124
Nat Fuel Oas ill 4 154 154 L 4
Nat Leather .3141 1
Nat Mfg & Stores. 1 8.4 84 84
Nat Oil Prod t6(tc. 1 39 39 39
Nat P & Lt pf (6) 160s 784 77 .84
Nat Hub Mch a20o 1 154 154 154
Nat Service _ 42 4 4 4
Nat Service pf_ 3 54 5 5
Nat Sugar N J (2) 7 264 2s4 264
Nat Transit (75c). 3 114 114 114
Navarro Oil (40c). 2 2( ' 24 21
Nr/11 Corp _ 2 62 !2 62
Neisncr Br pf (7 >. 60s 115 116 115
New Jer'/.Inc (t2) 350. 804 794 HO
New M&A Ldalc. 10 2;8 24 24
Newmont Min b75> 1 110 lto no
N Y Pw&Lt pf (6) IPs 100 100 100
N Y Tel pf (64 ) 325. 1114 1114 1114
N Y Water Svc pf toa 42 414 414
Niag Hud Pwrnm ;,6 124 13 124 .
-Niagara H B war. 1 14 14 14
Niag Hud 1st 16) . 160a 87 4 87 4 87 4 :
Niag Sh Md B afiOe 6 124 1-4 134
Niles Bm Pnd b50c •» 41)4 41 <14
Niplssine i6uc)-- 1 24 24 24
North Am LAP _ 4 34 34 34
North AmU-P pf 60. 65‘, 654 654
No IPS 6 % pf b75c bOa 914 9P, 814
Northern P L 76c. 1 124 12), 124
North States 1 A 1 26 2b 2b
Novadei Agenet 2t 1 33.4 33 4 334
Ohio Brass B b73c 76| 66 65 66
Ohio Edla pt t 6 /_25a 103 103 102
Uttla NatGaaCo.. 2 11 11 1L
Okla Nat Gas pf__ lOUe 27 27 27
Oldetyme Distil... 3 «4 <4 <4
Overseas Sec 60c_ 1 94 94 94
PacG&L 1st (14) 2 294 294 294
Pac Public Servlca 1 64 64 54
Pan-Am Air <11 >_ * 64 4 644 644
Pantepec Ull _ 44 64 64 64
Pennroad ta26c). 7 44 44 44
PennaP&Lpf t7) 20os 1024 1014 1024
Pepperell Mft t6 26a 132 132 132
rhila HI rtv pf (2). 26a 32 4 32 4 32 4
Phillips Pkg ajuc. 3 114 114 114
Phoenix Secur_ 4 11 104 It
Phoenix S pf A<3 ) 1 38 38 38
Pierce Gov (bl5c). 2 £9 27)4 24
Tton'r G Ltd b30c. 3 44 44 44
Pitney Bow t T4uc) 1 74 74 74
Ptttsogh PorglnB. 6 22 21), 22
Puts & L E b2>4-- 60a 1024 102 4 102 4 |
Potrero Susat . 4 2 t 2), 2‘, ‘
Pratt & Lamb ta2. 1 S44 344 £4-* i
Premier Gold T120 1 24 2 4 24 1
Producers Corp ... 7 4 4 4.
Propper-McC id). 1 4 4 4
Prosperity B al 4 1 144 144 144
Prudent’l Inv a50o 1 114 114 114
Pu* Sd P&L pf b5_ 60a 754 754 754
Pug Sd P&L *6 pf. KOa 37 354 37
Pyrene Mfg a90c_. 1 104 104 104
Ditbl/s. n.t. / r \ 1 in a . n ....
Rainbow Lum (A) 111 1
Kaym'd Cono (til 150» 42 414 414
Raytheon Mtg vto 1 54 54 54
Reed R B new TSOi 1 394 394 894
Reiter-Foster ._ 17 14 14 14
Reybarn Co blOc.. 16 6 5
Reynolds invest.. 2 2 1*, 14
Roch G&E pf D 6. 60s 1014 1014 1014
Russia inti Corp 1 4 4 4
Root Petrol (b75c) 3 74 74 74
Royal Type bloc.. 60s 1064 1064 10r)4
Rustless ir&Stl... 2 I64 15)4 154
Ryan Consolld d . 3 6 64 t>
St Lau rence Corp I 124 124 124
St Reels Paper 18 94 9 9
Scovill Mfg (b50c)?0us 434 41', 424
Segal LocS AH. 8 24 2?, 2',
Selberlmg Rubber 18 a'4 a a
Sel Ind pr pf (54 )10u» lOu lot) lot)
SeversKy Atrcratt 17 6 4>4 5
SliattucK Den Min 15 174 164 I64
Shawln W & P 80c 3 28 274 274
Sher-Willms (t 4)-350s 134 132 134
Sherwln W pf i5)_110s llu 109 110
Snrev-El Dor PAL 8 4 4 4
Solar Mtg (bl0c)_. 2 64 6*, 64
Sonctone C (aloe) 8 14 14 14
So Penn 01KT14)- 8 424 42 4 424
So Cal Ed pf C 14 1 264 2.V, 264
Southl’d Roy blOc. 4 104 10:4 10?,
Spamsh&Uen ret*. 2 4),?,
Spencer Ch S b75o. 1 94 94 94
Stand Oil Ohio tl. 8 38 37*4 374
Stand oil Ky ttl). 6 194 194 19),
Stand Pwr A Lt_ 6 4 3; j 84
Stand Prod (b2£>c) 1 184 184 184
Stand Stl&Ld (4C) 20 4 y, ;.4
Stand Tube (B)_ 3 64 64 64
Starrett Curp v tc. 17 7 7
Sterchl Bros a30o. 2 94 9 9!4
Slerchl Bros 1st J. 26g 37 37 37
Sterling, InetZUc) 3 64 64 6’4
Stulz Motor. __ 4 4 4 »4
Sun Ray Dr t80c.. 2 15 15 15
Sunray Oil (b5c) 5 44 44 44
Sunshine Min (3). 6 18), I84 I84
Swlss-Am Elec pf 60s 114 1124 114
Taggart Corp_ 3 124 12 124
Tampa £1 t2.24)_ 1 3b;, 364 864
Tasty east (Del) A. 1 14 14 14
Taylor Dlst )30C)_ 5 4 4 4
Technicolor »50e_ 19 23), 124 234
Tex P & L pf (7).. 100s 101 101 101
Texon Oil A L 600 16 6 6
Thew Shovel a60o ZOOs 604 664 60),
Tllo Roof Inc (1). 3 164 164 164
Tob&All Stlts all 4 60s 614 614 614
lob Prod Exp 16c. 1 34 8), 84
Todd Shlpyd (t2). 60s 61 61 61
l'r-Lux DPS t20c. 1 44 44 1U
Transwest Oil Co. 2 125% 1254 125%
Triplex S G(new). 1 165% R54 165%
1 unize chouiiiun. 1 2 7 54 2 75% 275%
Tublzs Ch A (bl)_ 1 80 80 80
Tung-Sol Lamp__ 2 754 7 7
Unexcelled Altg... 1 254 2 54 2 5%
UnltGa»Corp_ 43 1054 10 10
UtdGaswar_ 6 254 254 2 54
Unit Lt 42 Pw (A). 12 75* 7 75%
Unit Lt & Pw pt 4 60 495% 49>%
Unit Alolass bl 154 1 75% 75% 75%
Unit Prot Sh aloe. 1 15% 15% 15%
Unit Shlpyds B ... 3 3 3 3
Unit Shoe M 7254 176% 89 885% 88*4
Unit S Mch pf 1.60 20» 38 38 38
U S Foil (B) 41 > .. 3 145* 1354 1454
U S Play Cards 71 100« 29 285% 281%
U S Kub Reclaim. 1 8)4 854 854
U R Stores_ 6 54 5% 5%
Unit Stores vtc—_ 6 % >4 %
Unit Wall Paper_ 10 454 45% 41%
Univ Corp’n v.t.C.. 2 654 5 51*
Umv Cons Oll(al) 2 16>4 16 165*
Univ Pictures_ 19 99
Utilities P& L <d) 6 54 M 54
UUlP&Lpf (d).. 60* 18 18 18
utility Eq pf b4 54 76. 82 80 80
Utility & Indus pt 2 854 354 354
Valspar vtc_ 1 65% 654 65*
Valspar pf vtc_ 60. 61 60 61
Van Nor 41a b40c. 1 29 2814 29
Venezuela Petrol- 2 2 15% 1J4
Wagner Bak b40c. 8 20 195% 20
WalKer Mirim* . 2 25* 254 25*
Wayne Pump 50c - 18 46 44** 465%
Well t n Oil or Del 1 12 12 12
Welsbaum B B 40o 1 95% 954 954
Wntwth Mfg bl5c 6 7.54 65% 65%
West Tex Ut pf(6) 60. 87!* 875* 87‘*
W Va Coal & Coke 6 45% 45* 4**
Western Auto Sup 1 275% 27** 275%
Willson Prod i7l) 3 lb5% 16 16
Woodley Pet t40c. 2 9 9 9
Wolver Tube b20c l 1654 165% 1654
Wright Harg t*uc 20 654 6 5% 65%
Vgstn Steel D bl 5* 1 70 70 70
Y ukon GoldlalSc 1 3 85% 35* 35%
Dividend rates in dollars based on last
Quarterly or semi-annual payment. VAn
nual rata—not Including extras t Ac
cumulated dividends a Paid last year,
b Paid this vear. d Companies reported a.
being In bankruptcy or In receiver.hlp, or
being reorganized under the bankruptcy
act. or .ecurltle. a.iumed by lucb com
panic*.
R. C. A. EARNINGS
ILL ABOVE 1336
$2,243,056 Net Compares
With $1,286,691 for
Quarter Last Year.
By (he Associated Press.
NEW YORK, May 4.—Radio Corp.
of America reported net income in
the first quarter of $2,243,056. equal,
after preferred dividend requirements,
to 10 cents a share on the common
stock.
This compared with $1,286,091, or
3 cents a share, in the same quarter
last year.
Aviation Corp.
Aviation Corp. and subsidiaries re
ported consolidated net loss for the
first quarter of the company's current
fiscal year, the period ending February
28, was $43,347, compared with npt
loss for the quarter ending March 31,
1936, of $112,308. Net sales for the
1937 period totaled $977,799, com
pared with $707,056 the previous
year.
Brunswick-Balkc.
Brunswick-Balke-Collender Co. and
subsidiaries reported first quarter con
solidated net profit of $110,195, com
pared with a loss of $58,922 a year
ago. This was equivalent, after pro
vision for preferred stock dividends,
to 15 cents a share.
R. F. Bensinger, president, said net
sales increased 25 per cent, compared
with a year ago, and that orders for
future shipment showed a higher
ratio of Increase.
Walworth Co.
Walworth Co. and subsidiaries,
makers of valves and fittings, with
plants at Boston and East St. Louis,
111., reported today net profit of $542.
3R9 for the three months ended March
31, equal to 41 cents a common share,
compared with $10,475 in the first
quarter last year.
Life Savers Corp.
Life Savers Corp. and subsidiaries,
manufacturers of confections, for the !
first quarter reported net income of
$234,647, equal to 67 cents a share, I
against $154,498. or 44 cents a share, j
tn the first three months last year.
Coca-Cola International.
Coca-Cola International Corp. re- :
ported March quarter net income of
$762,436. against $632,873 in March
quarter last year.
Company is a holding concern for
stock of Coca-Cola Co., with which it
is Identified. It maintains offices at
Wilmington, Del., and Atlanta, Ga.
Quaker State Oil.
Quaker State Oil Refining Corp., Oil
City, Pa , reported March quarter net
profit of $387,737, equal to 42 cents
a share on capital stock. This com
pared with $163,752, or 18 cents a
share in March quarter last year.
PACIFIC WESTERN BUYS
MORE MISSION STOCK
By the Associated Press.
Statements on file with the Securi
ties Commission disclosed today that
the Pacific Western Oil Corp. had
purchased 7,400 shares of Mission
Corp. common stock during March.
The purchases, according to the
commission records, give Pacific
Western a total hold'ng of 638,608
shares in Mission Corp.
The Mission Corp. balance sheet as
of December 31. 1935. showed that
capital stock Issued and outstanding
at that time amounted to 1,399,345.
---•
BENDIX DIVIDEND VOTED.
NEW' YORK. May 4 (/P).—Directors
of Bendix Aviation Corp. today de
clared a dividend of 25 cents oil the !
capital stock, payable June 20 to :
stock of record May 12. A similar
payment was ordered three months
ago.
-—-—• —
Washington Exchange
SALES.
Capital Transit Co—10 at 13.
Potomac Electric Powe 6T pfd,—10
at 113. 5 at 113, 5 at 113, 5 at 113
2 at 113.
AFTER CALL.
Potomac Electric Power pfd—5
at 111’2.
Potomac Electric Power 6", pfd—23
at 112.
Capital Traction 5s—$1,000 at 92.
BONDS.
Bid and Asked Prices.
PUBLIC UTILITY.
Anver. Tel. & Tel, 4Ls . in!v« A*ked'
Aitaco.stia A; Pot. os 74 77
Ana. A pn;. Guar 5a ’ ]os
C A- P. Tel. of Va. Ss _ ion
Capital Traction R R. Rs i,l ”
City A Suburban 5s _ S~.'„ S7
Oeorcetown Gas 1st 5s_lin * i*n
Pit Elec. Po,. :i',s . 101 ion
Gas ns IfiRN. _ ]or 107
Wash. Gas 5s 1000 n.y’.
Wash. Rv.y. A- Flee. 4s 105
MISCELLANEOUS.
Col. Country Club R';s 105
W. M. Cold Bloiaae 5s 100 Z1ZZ
1 ULKS.
PUBLIC UTILITY.
Amer. Trl. A Tel. (9) ll>9'2
Capital Transit Co. 431/,
^ & W. Steamboat id) Ins
Pot. Elec. Power 0' nf. di) 11" 1131*,
p°- ®- P°. ft’sT pl < A..TO) 111 112
Wash. Gas Lt. Co, <3.60> . 79
Wash. Ry. A El. com. (3(1) 7".5
Wash. Ry. A El. Did. <o> . 199 I";
BANK AND TRUST COMPANY.
Amer. Sec A Tr. Co. (eS)_ 29n 300
Bank of Bcthesda <h.?5) _ :t4
Capital (41 i4n
Com. A Savings <10)_ 21o
Liberty .4) .. - ISO lfiO
Lincoln ift>,25' 200
Natl. Sav, A- Trust _ ' 170
Pr. Georges Bk. & Tr. (.50) 17 21
Rmgs ip8' 30n 325
Rises pfd. (5) _ _ lol 11
Washington ifii _ 130
Wash. Loan A Tr (eS) 290 300
FIRE INSURANCE.
American (ril _ 110
Corcoran (5) __ _ mo
Firemen's (1.60) _ 29
National Union t.60)__ . 16 ””
TITLE INSURANCE
Columbia (.301_ 15 IB3,
Real Estate (6) 150 __
MISCELLANEOUS
Camel Coro (2.00) _ 20 26
Lanston Monotype <t4> _ 95 100
Mergenthaler Lino. (2.00) 45'i 47
People Drug S. com. (11.00) 52'i 55
Peoples Drug S. pfd (6.50) 112
Real Est. M.&G. of. (**.70) 5'8 5V«
Security StoraRe (5) 115 125
Ter. Ref. A- Wh. Corn. (.3) 60
Wdwd. & Loth. com. ( + 1.50) 60 68
Wdwd. A Loth. ptd. (7)_115 125
•Ex dividend.
tPlus extra,
e—2CJ extra.
t—1 Vj% extra,
h—75o extra.
••—25c paid June 30. 1936: 45c paid
December 22. 1936.
-#
U. S. TREASURY POSITION.
By the Associated Press.
The position of the Treasury May 1:
Receipts. $81,222 24s.2' : expenditures.
I $24.(557,120.fin; balance. * 1.728.088.
j 021.02: customs receipts for the month,
$2,202,458.75.
Receipts for the fiscal yrar (since July
11. *4.104.001.882.7(1: expenditures, Sd,
208.006.207.85 (Including *2.281.484.
000.87 of emergency reliefi; excess of ex
penditures *2.202.4 02.424.06. Gross debt.
*2-4.084.027.020.42. an increase of *44.
007.055.77 over the previous day. Gold as
sets. *11.802 414.008.72. including $572.
121.507.78 of inactive gold.
-•
NEW YORK BAR SILVER.
NEW YORK. May 4 OP).—Bar sil
ver steady and unchanged at 45.
' Average Daily Closing Price of 50
Leading Stocks on the New
Vork Stock Exchange
NET OF AMERICAN'
IP
$5,007,307 Profit Compares
With $3,715,057 in
Period Year Ago.
By the Associated Press.
NEW YORK. May 4 —American
Water Works A: Electric Co. an
nounced today net income for the 12
months ended March 31 was $5,007,
307, equal to $1 62 a common share.
For the like period last year net
profit was $3,715,057, or $1 40 a com
mon share.
Loose-Wiles Biscuit.
Loose-Wiles Biscuit Co. reported
March quarter consolidated net profit
of $288,309, equal to 45 cents a com
mon share. This compared with
$407,675, or 68 cents a share, in the
like quarter last year. The company :
has plants in key cities.
Mark Trucks.
Mack Trucks, Inc . reported March
quarter net profit of $294,299. equal
to 49 cents a share, compared with
$107,477, or 18 cents a share, in the
like period last year. The company,
through subsidiaries, owns property in
Allentown. Pa ; Plainfield, N, J.; New
Brunswick, N. J., and Toronto,
Canada.
•---*
INSURANCE STOCKS
NEW YORK. May 4 • p —New Yor* Se
curity Dealers Association.
A . _ Bid. Asked.
Aetna Cas < 2 a ■ _ _ 515 pp
Aetna. Ins (l.rim _ 43 45
Aetna Life < 8ng)_ 2s>4 *o34
Am Eqtllt (J.80a>_ 4<)U 43’4
Am Rems t.4cgi_ -4 1*4 4 33 4
Am Reserve (la)_ 28’a .30
Am Surety C21 a)_ 52 54
Automobile Hat _ 2314 3<v»4
Bait Amer (.20a)_ 7’4 *34
Carolina (1.30) _ 25 281 3
Cltv of N Y 1 1.20) _ _ 4 27 34
Conn Gen Lif < SO; __ :p. 4 .37 34
Contin Cas <1.20). _ 2? •’!>
F:d A: Drp (4‘ __ J27
Frank Fire <la> __ 2034 ;u%
Gen Roinsur »2> 42’4 44'
Glen Falls (l.»;0i__ . 41 i 4.31a
Globe A: Rep <>0)_ _ 2" °*m9
Globe A Rut _ 1 • .,5
Grfat Amer (la» _ 273i
Hanover 1 1 On. _ . . . , ;;.v,
Hartford Tire .2) . . _ _ » ; , t,H34
Home Fire Src _ 43. *
Home Ins < 1 a)__ .35 .3?
Homestead < | * __ 17 '■ 2 jp
Knickerbocker (80> __ 17 jr>4
Lincoln Fire _ __ 4' j 5>a
Maryland Ca _ 012 7 >a
Mass Bond <:p,) _ . 5k’3 rti»a
Natl Fire (2) ___ ftrt*4 8234
Natl Liberty <20> . _ s34 ini4
New Hampshire (1.80) 44*4 4034
N Y Fire (>mr). . _ 21 2.3Vj
Nor River « 1 > ___ 25:2 27
Phoenix (2a > __. __ 85 S3
Prov Wash 11) _ .34 .38
Revere iP) In <1.30)_ 26*4 2H34
R a Ins (.60a)_ i"34 12 V4
St Paul fire <8»_2<)4 2"3
Spnnefield (4’aa) _113 122
Sun Life (.3?4g) _87 5 725
Travelers (18) _ 472 482
U S Fire <2> _ 51*4 63*4
Westchester (1.20a)_ _ 33’4 35U
a—Also extra or extras.
k—Declared or paid so far this year.
--m-- - —
SHORT-TERM SECURITIES.
(Reported by Chas. D. Barr.ey & Co )
Bid. offer.
Am. Tel. A Tel. 5'js 194.”. ir.”( lid
Auburn Auto Co. 4’,s 1939 88 ?H'i
California Packing 5s 1949 104s, 105
Caro.. Chfleld A O. 5s 1938 ltl.'tlj 194'2
Chesa. A Ohio Ry. os 1939 1(1? lo?>2
Edls. El Ilium. 4s 1939 JII.'Uj 194",
Gen. Pub Scrv. ,Vas 1939._ 192 192’,
C.r, Rap. A Ind. 4',s 1941 198’,
Houston Oil 5'2S 1949__ 192 192',
Inti. Mer. Marine Hs 1941 78’, 81
Itltl T AT. t'js 1939 81 ', 82
Laclede Gas Light 5s 19.39 90’, 92
Lehigh Valley Coal Hs 1938 99 99’,
I. ehigh Val. T. Ry. 5s 1941 197’,
Long Island Gen 4s 1938 192', 103
Louis. A Nash R.R. 4s 1940 loti', lOH’i
Michigan Central 4s 1940 .194 105'a
Midland of N J. 5s 1949 . 89 73’,
Milne. A North 4'aS 1939 99 98',
N Y . C A S. L. 8’- n;s 1 938 199 199',
New York Dock 5s 1938 ... 01 H4’«
N. Y. Sus. A West. 5s 1940 45
N. Y. Tel Co. 4 ’ js 1939.. 107', lo7s«
Pacific of Missouri 4s 1938 100 100’,
Penn-Dixie Cement 8s 1941 99s, 199
Penna R. R. Co. 4s 1943 19? KIT7,
Rio Grande West. 4s 1939 73 74
So Bell T. A T. 5s 1941 105’, 105'a
Tr R R Assn StL 4'as 1939 198', 197'
Vanadium Corp. 5s 1941 104 108
Vertlentes Sugar 7s 1942 28', 28’i
Wabash Rwy Co. 5s 1939 9o'2 91'.a
Warner Bros. 8s 1939 94 95
West. N. Y. A- Pa. 4s 1943 197'2 198',
Western Union Tel. 5s 1938 102’a 103’e
■--#
CHICAGO LIVE STOCK.
CHICAGO. May 4 UP).—(United States
Department of Agriculture.)—Hogs. 18.009.
including 5.090 direct: market steady to 10
lower than Monday's average; top. 10.35
paid frequently: good and choice. 200-309
pounds, mostly 10.15-30: 150-190 pounds.
9.75-19.25: bulk good 350-550 pounds,
packing sows. 9.60-80.
Cattle. 8.900: calves. 3,500: steer market
very dull bidding weak to 25 lower, es
pecially on light steers and long yearlings
grading medium to good: few loads strictly
good medium-weight and weighty offerings
and choice light steers steady, but rank and
file unsold, with both local and outside
buyers bearish: best light steers early
15 10: few loads 13.00-14.25: some held
well above 15.09. but general crop 9.75
II. 25: leeders fairly active: cows very
scarce, strong: cutters. 8.99 down to 4 25.
according to weight and condition: light
weight fed heifers steady: best. 11.00: bulls
steady at 7.90 down; vealers strong to 25
higher at 9.00-10.00 mostly; selects 10.50
Sheep 5,000. including 2.800 direct
slaughter classes mostly steady, quality
considered- bulk wooled lambs. 1185
12.00: bulk choice clipped lambs. 10.25;
two doubles merely good 77-pound Cali
fornia Springers. 11.50; scattered wooled
ewes. 0.00-50.
FOREIGN EXCHANGES.
NEW YORK. May 4 (/P.—Foreign ex
change easy: Great Britain in dollars, oth
ers in cents. Great Britain demand.
4 !in: cables. 4.0;^: fiO-day bills. 4.02’2;
France, demand. 4 40sg: cables. 4.49?*;
Italy demand rabies. 5.20*4.
Demands—Belgium. Hi.89: Germany,
free 40 211L»: registered. 10.80; travel.
‘2.’?.45; Holland. 54.88: Norway. *24.81;
Sweden. 25.40: Denmark. ‘2*2.05: Finland.
2.1!* Switzerland 22.HO: Spain, unquoted:
Portugal 4 40,2: Greece. .01: Poland,
is 08; Czechoslovakia. ,'140: Yugoslavia.
*2.:t4: Austria. I8.72n: Hungary. 10.80;
Rumania. .75 Argentina. ,'i2.00n: Brazil,
8.80* 4ii: Tokio. 28.80: Shanehai. 20.05:
Honekong 00.72: Mexico City. 27.85:
Montreal in New York. J00.1S34: New York
In Montreal. 99.81 V4. n—Nominal.
-•
REGISTER SALES SOAR.
NEW YORK. May 4 (/P).—April sales
of National Cash Register Co. totaled
$2,541,500, compared with $1,561,800
in April, 1936, an increase of 62.7 per
cent.
f
General Motors
Orders Dividend
Of SI on Common
By the Associated Press.
NEW YORK. May 4 —Directors of
General Motors Corp declared a divi
dend of $1 on the common stock, pay
able June 12 to stock of record at the
close of business May 15.
This compares with a dividend of 25
cents a share paid March 12 of this
year and a dividend of 50 cents a share
and an extra of 75 cents June 12.
The directors also declared the reg
ular quarterly dividend of 11.25 a
share on the $5 preferred stock, pay
able August 2 to stockholders of record
July 6.
The corporation paid a total of
dividends of S4.50 in 1936.
NEW YORK COTTON
Ey the Associated Pres'.
NEW YORK. May 4 —Cotton ral
lied in light trading today, promoted
by more favorable reports from for
eign financial centers, rallies in stocks
and wheat and on small trade, local
and Wail Street, buying.
July sold up from 13.02 to 13 13
and in midaUernoon sold at 3 08.
when prices showed net adiances of 6
to li points
Futures closed iteady 5 to 11 higher
He) Low Close.
May o i
July . __ l.tin uni : 3.05-01;
October __12 pt» it: tk : ■: sr.-«4
n<*rrmb»r . !•:>*' ; : ?♦> ' : *-• *-S l
January 1 :*i r: sm ic 83
March « ? 01 ; : M 1'.*>
Spot s’eariy: middlinc 13 55.
Cottonseed Oil.
B>achab> cottonse^a o.. future closed
steady. 3 to 5 hlghe: Sales 104 con
tracts Including •' switches Mav.
1" "3-111 July 1 • i.0*; September lu.15
1T: October, lo.oj; December. :» :*ib.
b—Bid.
New Orleans Prices
NEW ORLEANS. May 4 -? —Cotton f -
tires opined slightly higher toda\ main/-*
on better Liverpool cables Initial trade
showed gain* of C to 3 point' on active
position, with July selling af H2.H1. Octo
ber. lu.lti. December 112.8-1: January.
1° ^6 and March. 13 Sf>. or C to 3 points
over the previous close
Notices for pi. additional Coo bales of
May contracts were issued today, bringing
the total in the b.s ring here to approxi
mately li.non bales The May auction
was a little easier m early trading sliding
off to i C 85. or 3 point .'.r' d
Buying persisted in small volume after
the star- and in the absence of any sell
ing presume active positions showed net
earn of i. to 1* points toward the end of
the first half hour
Cottonseed oil opened steady Mav.
n 3nb July 0 4bb September. f> 5bh Octo
ber ;» 46b; December, p 38. b—Bid.
-•
SPECIAL DIVIDEND VOTED.
NEW YORK. May 4 HP).—Vick
Chemical Co., producers of proprietary
medicines, announced a special divi
dend of $1.80 cents a share on cap
ital stock for the fiscal year ending
June 30. In addition directors de
clared an extra 10 cents a share and
a regular quarterly dividend of 50
cents. All are payable June 1 to
holders of record May 15.
CHICAGO PRODUCE.
CHICAGO May 4 (^..—Poultry. live, ene
car. 36 trucks, easy: hens, over 5 pounds.
17*2. 5 pounds and less. 1712 Leghorn
hens. 14j2: fryers, colored 33 White Rock.
34: Plymouth Rock 35: broilers colored.
33: Plymouth and White Rock. 34. hare
backs. 10-31: Leghorn. 30: roosters. 13‘j:
1 Leghorn roosters. 11*2: turkeys, hens. 17.
! toms. 10- No. 3 turkeys 15: ducks, 412
; pounds ud. while and colored. 1(5 small
! white and colored. 14 ceese 11. SJpring^
: colored 34; White Rock. 3412: Plymouth
Rock. 30.
Butter 10.000- weak' creamery, specials
! '03 score1. 3012-31 . extras *03>. 30 extra
firsts <00-01 > 3M12-34: firsts *88-80'
•>'2-30; standards <00. centralized car
lots'. 3o Ecgs 35 008: weak extra firsts
local. 30*4 cars. 30>_; fresh graded firsts
local. 10’4 cars. 30: current receipts 1S'2
storage packed extras. 3134. storage packed
firsts. 31 >2
Potatoes. 30: on track 157: total IT B
shipments. 300: old stock steady, supplies
light demand light: sacked per hundred
weigh' Idaho Russet Burbanks U. S No.
1 3.50-85: U. S No 3. practically free
from cuts and clipped ends. 3.40: Maine
Green Mountains. U S No 1. 3 30-35;
U. S. commercial 3.00-10: Minnesota
Early Chios. U S No 1 and partly graded.
3.50: Wisconsin Round Whites. U. S com
mercial. 1 .80: Michigan Russet Rurals.
U. 8 No. 1. 3.07!? New stock firm strong
undertone supplies very light, demand
light: track sales, per hundredweight. Ala
bama Bliss Triumphs U S. No 1. 3 85:
less than rarlot*- per hundredweich- Cali
f fornia White Rose. U. S. No. I. 4.00.
-•
BOSTON WOOL MARKET.
BOSTON. May 4 upi 'United States Dc
nartment of Agriculture'.—The wool mar
ket continued quiet today with mill buy
ers showing little interest in domestic wools
offered
An occasional sale of fine Ohio and
similar fleeces was reported at 43 cents
in the grease for wools shrinking around
63 to 03 per cent.
Country packed three-eighths and quar
ter blood Ohio and similar fleeces were
offered in carload lots at 45 cents grease
basis.
-•
FREIGHT LOADINGS.
NEW YORK. May 4 (/Fu—Revenue
freight carloadings on railroads reporting
today for the week ended May 1 include:
Wk. May 1. Prev.Wk. Yr.Ago.
Atchison _ 30.550 30.301 25,031
B. A O _ 52.227 52.713 45.885
Rock Island _ 25.018 25.170 22.086
St. Paul _ 28.248 28.083 20.570
Chi. A N. W_20.435 20.265 25.514
M.-K.-T 7.857 7.697 7 532
Southern Pac_38.656 38.055 34.027
Wabash _ 14 435 14.310 13.731
PHILADELPHIA PRODUCE.
PHILADELPHIA. May 4 6Pi.—Live poul
try Fowls Plymouth Rocks, fancy. 21-22:
mixed colors. 20-21: cross breeds, fancy
large. 24-25: turkeys fancy hens. 18.
Dressed Douliry: Fowls. 18-24: old roos
ters drv Dirked. I.3V2-I6
Butter—Top grades. 3234a36,2: 02. 32a
32‘a; 01. 32>2: 90, 31; 89. 30»2: 88. 30.
METAL MARKET.
NEW YORK. May 4 (/Ft.—Copper steady,
electrolytic spot and future. 14.on: ex
port. 14.45. Tin easy; spot and nearbv.
56.00-5ti.12Va: future. 55.621a-75. Lead
steady; spot New York. 6.00-6.05: East St.
Louis. 5.85. Zinc steady East St. Louti
spot and future. 6.75. Iron, alumir um,
antimony, quicksilver, platinum and Wol
framite unchanged.
-•
MONEY MARKET.
NEW YORK, May 4 (.Pi,—Call money
steady: 1 per cent all day: prime com
mercial paper, 1 per cent: time loans
steady. 60-90 days, l'i: 4-6 months, l'j
per cent: bankers' acceptances unchanged,
redlicount rate. New York Reserve Bank.
I1, xr cant.
B. & 0. LOADINGS HOLD
WELL ABOVE YEAR AGO
Special Dispatch to The Star.
BALTIMORE, May 4.—Carload;: gs
on the Baltimore & Ohio Railroad lor
the month of April, 1937. totaled
221.805. comprising 143.293 cars loaded
on line and 78.512 received from con
nections. This was an increase of
31.355 cars over the month of April.
1936, when the total was 190.450, con
sisting of 125.153 cars loaed on line
and 65,297 received from connections
For the previous month of March.
1937, the total was 246,036. For the
week ended May l, 1937, total loads
were 52.227. This was increase of
6.342 cars loaded over the same week
of last year, when the total was 45,
885.
During the previous week ithe week
ended April 24, 1937; the total
was 52,713.
CONSTRUCTION SOARS
IN FOOD INDUSTRIES
Special Dispatch to The Star.
NEW YORK, May 4— Awards for
construction in the food industries
during April. 1937. totaled $3,495,000,
as compared with SI.641.000 for April.
1936. Food Industries reports in its
May issue
For April. 1937. beverage^ led In
awards with $1,675,090 and canning
and preserving were second with $235.
000. In irending protects, the total
for the month was $6,610,000. Milk
products led with $2 250,000, grain
mill products se"ond. with $1 590.000.
Total awards for construction in 1937
thus far. $12,601,000.
FOREIGN BONDS MEET
SETBACKS IN MONTH
Special Dispatch to The Star
NEW YORK, May 4.—Foreign dollar
I bonds declined 0.17 per cent during
April, according to the Foreign Bond
Association, Inc. Index of 50 reprc
1 sentative issues, which stood at 58 43
i on April 30 compared with 58.50 on
March 31.
The 36 South American issues in
the Index declined 0.52 per cent and
the 29 European issues 0.27 per cent
The 5 Australasion issues rose 0.75
per cent.
Sperry Corp.—Subsidiary, Sperry
.Gyroscope Co.. Inc. received a con
i tract to furnish searchlights to War
i Department at cost of $1,119,720.
EASES FURTHER
Fertilizer Association Finds
Average at 87.5, Against
87.7 Week Ago.
The general level of wholesale com
modity prices was again lower in the
week ended May 1, according to the
index compiled by *he National Fer
tilizer Association.
This index last week was 87.5, com
pared with 87 7 in the preceding week,
88.7 four weeks ago and 76 1 a year
ago, based on the 1926-1928 average
as 100. The index is now 1,4 per cent
under the level reached before the
decline began a month ago. It is still
4 1 per cent above the first week of
the year.
With the except on of foods and
building materials, all of the changes
in tlie group indexes during th" week
were downward. A moderate advance
was registered by the food price index,
following declines in each of th" five
preceding weeks. Higher lumber quo
tations were responsible for the rise
in the building material index, which
was at a new high point for the re
covery period.
Farm product prices were again
generalv lower, with the group index
declining to the lowest point recorded
since last February.
During the past four weeks most of
the rise in the price of cotton, which
occurred from the firs* of the year
until April, has been lost.
Further recession ir. the textile
price index took place last week, due
largely to lower prices for cotton, cot
ton yarns and silk. Continued weak
ness in s*eel scrap and non-ferrous
metal' was responsible for another
| downturn in the metal index.
-•
NEW YORK SUGAR.
NEW YORK. May 4 I —Raw ^ug*r
was facy and uncnanged ear today at
3 •»<* loi spots with no e reported.
Amo* from a iitt.* irresu.ar.ty ** the
1 opening luture.s were genera»;v steadier
! ear'.v Today o.-. men a* * . co- *r.rg and
i nneved Hade and outside buying encour
' aged by favorable reports from the London
; confer?’.'ce.
The No 4 contract rpcr.rd 1 point lower
) to J higher, but recovered the partia* rt«
i ^ct!o:r and ar m:ddav **>. ] . po.r.:^ r.*t
hicner a*; July advanced from 1.15 to 1 17
. and September from 1.1b o 1 In ‘he
No n contract July sold at 50 • i Sep*
• ’ember from h 5 > to - 51. cr unchanged to
j I point j et higher
Refined ^a-. unchan-Ti at i for fins
....
REAL ESTATE LOANS
RESIDENCE and
Q SMALL BUSINESS
PROPERTIES.
FRED T. NESBIT
1010 VERMONT AVE 0I8TBICT 0.192
Properly Management
E OFFER owners of apart
ment house and residen
tial properties the complete, ex
perienced service of our Prop
erty Management Department.
The fee is a very nominal one.
B. F. SAUL CO.
925 15th St. Nat l 2100
M o r t fi a g r L o a n s
For Investors Who Buy Out of Income
Because such investments are usually in small amounts,
the price of the securities to be purchased is important,
and low or moderately priced stocks may be the mo**
suitable. Several hundred activestockslistedontheNew
York Stock Exchange are arranged by price brackets,
and classified as to industry, with useful data on earn
ings in a new booklet — "Price Groups.” A copy
will be sent upon request to accredited individuals.
FENNER & BEANE
Members KeuYerk Stack Exchange and ether leading Exchanges
Southern HIdg., 15th and H Sts. N.W. National 7000.
| QUESTIONS THAT ARE ASKED ABOUT BANKING J
111
ii
LOAN is a contract between the bank
and the borrower. If it is not repaid
when due, the contract is broken. Ability to
repay is the best proof that the loan is good.
There are, however, circumstances which
sometimes justify renewal. But bankers know
from experience that the longer a loan is car
ried the weaker it usually gets. Bank exam
iners are, in fact, very critical of a loan which
does not turn over at least once a year. Prompt
repayment is also better for the borrower—
for it strengthens his credit.
A bank cannot tic up its tunas tor long
periods because most of its deposits are subject
to withdrawal on demand. Furthermore,
bank credit is for the use of the whole com
munity and regular repayments are necessary
for making fresh loans.
McL,achlen Banking Corporation
Since 1891
TENTH AND G STREETS, N. W.
S.W. Branch, 12th and Maryland Ave. S.W.
Member Federal Deposit Insurance Corporation
\ Booklets covenna this series
may be had upon request.]

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About Evening star. [volume] (Washington, D.C.) 1854-1972

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Evening star. [volume], May 04, 1937, Page A-15, Image 15
About Evening star. [volume] (Washington, D.C.) 1854-1972